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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, March 7, 2022, Vol. 23, No. 41

                           Headlines



A U S T R I A

SBERBANK EUROPE: Fitch Withdraws All Ratings
SCHUR FLEXIBLES: S&P Lowers ICR to 'CCC-' on Limited Liquidity


B E L G I U M

ONTEX GROUP: Moody's Lowers CFR to B2 & Alters Outlook to Stable


I R E L A N D

AURIUM CLO IX: Moody's Assigns (P)B3 Rating to EUR13MM Cl. F Notes
FINANCE IRELAND 4: DBRS Finalizes B Rating on Class X Notes
[*] DBRS Puts Ratings on 6 Irish RMBS Deals Under Review Positive


I T A L Y

2WORLDS SRL: DBRS Puts Ratings on 2 Note Classes Under Review Neg.
DIOCLE SPA: Moody's Raises CFR to B1 & Alters Outlook to Stable


N E T H E R L A N D S

GROUP OF BUTCHERS: S&P Assigns 'B' ICR, Outlook Stable


R U S S I A

NORD STREAM 2: Says Mobile, Fixed Network Lines Not Reachable
RUSSIA: Moody's Cuts LongTerm Issuer & Unsec. Debt Ratings to B3
RUSSIA: S&P Lowers Currency Sovereign Credit Ratings to 'CCC- '
SVYAZINVESTNEFTEKHIM JSC: Moody's Reviews 'Ba1' CFR for Downgrade
[*] RUSSIA: EU Mulls More Sanctions Following Ukraine Invasion



S P A I N

PROMOTORA DE INFORMACIONES: S&P Lowers ICR to 'CC', Outlook Neg.


U K R A I N E

[*] UKRAINE: Central Bank Opts to Retain Main Interest Rate
[*] UKRAINE: Raises US$270MM to Help Fund War, Bonds Hit New Lows


U N I T E D   K I N G D O M

CORBIN & KING: Court Tosses Creditor Challenge Against Moratorium
DERBY COUNTY FOOTBALL: Liquidation Threat Looming, EFL Says
FARRAR: JCT Insolvency Ruling Applicable to Other Contracts
THG HOLDINGS: Fitch Alters Outlook on 'B+' LT IDR to Stable
TOWD POINT 2019-VANTAGE2: DBRS Hikes Class F Notes Rating to BB



X X X X X X X X

[*] BOND PRICING: For the Week February 28 to March 4, 2022

                           - - - - -


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A U S T R I A
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SBERBANK EUROPE: Fitch Withdraws All Ratings
--------------------------------------------
Fitch Ratings has downgraded Austria-based Sberbank Europe AG's
(SBEU) Issuer Default Ratings (IDRs) to 'D' from 'BBB-'. Fitch has
also downgraded the Viability Rating (VR) to 'f' from 'bb-' and
removed it from RWP. At the same time, Fitch has withdrawn all of
SBEU's ratings.

The rating actions follow the European Central Bank's (ECB)
assessment and Single Resolution Board (SRB) determining on Monday
28 February 2022 that SBEU and its subsidiaries based in the
Banking Union are failing or likely to fail owing to a significant
deterioration of its liquidity. A subsequent decision was made by
SRB on 1 March 2022 not to take resolution action on SBEU.
Insolvency procedures will be carried out according to Austrian
national law. The Austrian Financial Market Authority (FMA) has
consequently prohibited SBEU, upon instruction by the ECB, from
continuing business operations and has appointed a government
commissioner.

Fitch has withdrawn SBEU's ratings as SBEU is under regulatory
supervision. Accordingly, Fitch will no longer provide ratings or
analytical coverage for SBEU.

KEY RATING DRIVERS

IDRS AND VR

SBEU's VR of 'f' and IDRs of 'D' reflect the bank's failure and its
entry into insolvency proceedings.

SBEU has suffered significant outflow of customer deposits in
Austria (including its German branch) and most of its foreign
subsidiaries. This has led to a rapid and significant deterioration
in its liquidity position. At the same time, support from its
Russian parent was unavailable due to restrictions put in place by
the Russian Central Bank.

RATING SENSITIVITIES

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

Not applicable as the ratings have been withdrawn.

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

Not applicable as the ratings have been withdrawn.

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.

Due to the withdrawal Fitch will no longer provide the associated
ESG relevance scores.

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.


SCHUR FLEXIBLES: S&P Lowers ICR to 'CCC-' on Limited Liquidity
--------------------------------------------------------------
S&P Global Ratings lowered its rating on Austria-based plastic
packaging company Schur Flexibles GmbH to 'CCC-' from 'B'. S&P also
lowered to 'CCC-' from 'B' its issue rating on the senior secured
term loan B. S&P placed the ratings on CreditWatch negative.

The CreditWatch placement reflects a one-in-two likelihood of a
further downgrade if S&P saw deterioration in Schur Flexibles'
liquidity in the short term that would make it believe that a
payment default is virtually certain in the near term.

The downgrade reflects Schur Flexibles' vulnerable liquidity
position. Schur Flexibles is negotiating a standstill and waiver
agreement with its senior lenders in the context of material
accounting irregularities found in the group's 2019-2021 financial
statements (which could have triggered an event of default under
its financing agreements). Consequently, the group's liquidity
sources have reduced, because Schur Flexibles lost access to its
EUR100 million senior secured revolving credit facility (RCF). S&P
said, "We understand that historical EBITDA figures could have been
materially overstated and we have adjusted our forecast
accordingly. In our current base case, Schur Flexibles will only
generate minimal funds from operations (FFO) in 2022, which further
hinders its liquidity position. We now believe that Schur Flexibles
depends on raising external funding during 2022 to cover its
liquidity needs, including the repayment of EUR72 million utilized
under its supplier financing facilities."

S&P said, "We forecast EBITDA margins of 6%-7% in 2022. Our updated
forecasts reflect the preliminary impact of the accounting
irregularities on the historical financials. In 2022 we think that
Schur Flexibles' profitability will be constrained by high
restructuring expense and by the costs of its footprint
reorganization project. We believe that Schur Flexibles'
profitability remains partially exposed to changes in resin prices
because of the three-to-six-month lag with which it passes changes
in raw material prices onto customers. This applies for 30% of its
sales. We believe that cost-saving initiatives and efficiency
projects will support some improvement in the group's EBITDA
margins in the medium term.

"We continue to assess Schur Flexible's business risk profile as
weak and its financial risk profile as highly leveraged.That said,
we believe that there is high uncertainty on the actual
profitability and cash-generation level of the business. The likely
need to restate historical financial statements creates further
shakiness for Schur Flexibles' credit profile. We could reassess
our view on the rating components once restated historical
financials are available. We will continue to monitor developments
on the publication of updated accounts and the ongoing
investigation, and will update our analysis accordingly.

"The CreditWatch placement reflects a one-in-two likelihood of a
further downgrade in the short term if we saw deterioration in
Schur Flexibles' liquidity, which would make us believe that a
payment default is virtually certain; or if it appears that the
group participated in, or announced its intentions to participate
in, any transactions that we consider akin to default, such as a
distressed exchange or any similar restructuring.

"A positive rating action could happen if Schur Flexibles executed
liquidity restorative measures that guaranteed liquidity sources
would exceed uses by more than 1.2x on a sustainable basis, and if
we no longer considered a near-term payment crisis to be likely."

Environmental, Social, And Governance (ESG)

ESG credit indicators: To E-3, S-2, G-5; From E-3, S-2, G-

S&P said, "Governance factors are now a very negative consideration
in our credit rating analysis, because we see a material adverse
impact on Schur Flexibles' credit quality from the manipulation of
historical financial statements. The failure of the company's
internal controls resulted in the potential need to restate
historical figures. The actual profitability and liquidity of the
company risk being considerably lower than previously reported
levels. The change to 'G-5' reflects our updated assessment of
Schur Flexibles' management and governance, which we now consider
weak.

"Environmental factors remain a moderately negative consideration
in our credit rating analysis of Schur Flexibles. Like its plastic
packaging peers, Schur Flexibles' environmental risk is higher than
for companies that use more sustainable materials. Risks include
waste concerns, changing consumer preferences, and tightening
recyclability regulations on plastic packaging. Schur Flexibles is
exposed to these risks as a producer of flexible food plastic
packaging (about 80% of its estimated 2021 revenue). However, we
acknowledge that Schur Flexibles is focusing on the circularity of
its products and on developing more sustainable solutions through
light-weighting and increasing the amount of recycled material in
its products. Its target by 2025 is to make most of its products
recyclable.'

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

-- Transparency and reporting
-- Risk management, culture, and oversight




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B E L G I U M
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ONTEX GROUP: Moody's Lowers CFR to B2 & Alters Outlook to Stable
----------------------------------------------------------------
Moody's Investors Service has downgraded Ontex Group NV's corporate
family rating to B2 from B1 and its probability of default rating
to B2-PD from B1-PD. Concurrently, Moody's has downgraded to B2
from B1 the rating on the EUR580 million senior unsecured notes due
2026 issued by Ontex Group NV. The outlook on the ratings has
changed to stable from negative.

"The downgrade reflects our expectation that Ontex's profitability
will be strained by continued high input costs resulting in weaker
credit metrics for 2022 than previously anticipated," says Pilar
Anduiza, a Moody's lead analyst for Ontex.

"The company expects to offset part of the raw material price
inflation with ongoing cost cutting and pricing, but the
possibility of higher sustained raw material prices beyond 2022
could limit the extent of profit improvement in 2023 and the
difficulties to complete asset sales in the current uncertain
environment significantly reduce visibility on Ontex's future
operating and financial performance," adds Ms. Anduiza.

The downgrade also reflects the corporate governance considerations
associated with the company's weak track record in meeting
operating and financial performance targets and its tolerance to
operate with high leverage during a longer than expected period of
time. Financial strategy and risk management and management
credibility and track record are governance considerations under
Moody's General Principles for Assessing Environmental, Social and
Governance Risks Methodology for assessing ESG risks.

RATINGS RATIONALE

Ontex's operating performance continues to be impacted by the
significant rise in raw material costs as well as transportation,
packaging and other operating costs. So far, the company has not
been able to pass on price increases to some end-customers,
particularly retailers in Europe, resulting in lower margins than
initially anticipated. The company reported revenue and EBITDA
declines of 1.5% and 27%, respectively, in 2021. Although the
company has successfully implemented its cost saving program under
the new management delivering EUR75 million of cost savings, this
has not been enough to offset the impact from inflation.

Revenue performance improved sequentially with positive growth in
the last quarter of 2021 and a positive overall balance in contract
gains and losses in Europe. The company intends to push price
increases to customers over 2022 and 2023 but the impact from price
rises will not have a full effect in 2022.

As a result, Moody's expects further EBITDA margin compression over
the next 12-18 months, as the cost savings stemming from the cost
reduction plan will only partially compensate for the expected
increase in costs of EUR160 million -170 million in the company's
core markets, which represent 70% of the business.

Moody's now expects Ontex's Moody's adjusted gross debt to EBITDA
ratio to increase to around 8.0x in 2022 from the estimated 7.0x in
2021 and to decline in 2023, though current visibility is very low.
Moody's expects that free cash flow generation will also be
negative by around EUR15 million in 2022 and to remain slightly
negative in 2023, mainly because of the restructuring-related
one-off costs.

More positively, Moody's notes that the company's decision to
dispose its operations in emerging markets, which represent around
30% of the business, could improve the company's credit metrics
assuming proceeds from disposals will be used to reduce debt.
However, the company has not provided an estimated size of
potential sales proceeds. Ontex has indicated its intention to
dispose all its non-core operations by 2023 but timing for such
disposals remains uncertain.

The rating agency will continue to closely monitor the company's
progress towards its net leverage target of below 3.0x by 2023.
However, the current inflationary environment remains a key risk
for the company's plan over the next two years.

The rating also reflects the challenging competitive environment
which has constrained growth over the last five years, as well as
supply chain disruptions, which are expected to persist and
compress profitability.

Ontex's B2 CFR continues to be supported by the company's leading
market positions in the production of hygienic disposable products
in Europe and a number of emerging markets; and its good
diversification by product and geography, with a balance between
its own and retail brands.

However, Ontex's CFR is constrained by the price-competitive nature
of the industry, which has resulted in lower volume sales, and by
the strong bargaining power of large retailers; its exposure to the
negative impact from foreign-currency exchange, also combined with
the recent and sharp increase in raw material prices; and the high
level of restructuring costs the company still has to face until
2023 to support future growth, further constraining earnings and
cash flow generation.

LIQUIDITY

Ontex's liquidity remains adequate and is supported by around
EUR247 million of cash as of December 2021, and full availability
under its EUR250 million revolving credit facility (RCF) due in
June 2024. Moody's expects the existing cash balance and the
availability under the RCF will sufficiently cover the company's
cash needs over the next 12-18 months.

However, the debt facilities are subject to a maintenance covenant
to be tested semi-annually with progressive step-downs over time.
The company has obtained a waiver for its leverage covenant tests
in June 2022 and December 2022 as well as a reset for June 2023
test level.

STRUCTURAL CONSIDERATIONS

The B2 rating on the senior unsecured notes is in line with the
CFR. All liabilities within the capital structure rank pari passu
among themselves. The instruments are guaranteed by material
subsidiaries representing a minimum of 70% of consolidated EBITDA.

Moody's has used the 50% family recovery rate to reflect the
presence of both notes and bank debt within the company's capital
structure. As a result, the PDR of B2-PD is in line with the CFR.

RATIONALE FOR THE STABLE OUTLOOK

The stable outlook reflects Moody's expectation that Ontex's
operating performance will recover over the next 12-18 months,
despite the negative impact from the current high inflationary
environment resulting in the stabilization of credit metrics by
2023, with leverage reducing below 6.0x. The stable outlook assumes
that the company will maintain adequate liquidity and will
refinance its RCF maturing in June 2024 at least one year ahead of
maturity.

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

Upward pressure on the ratings could develop overtime in case of
(1) a material improvement in operating performance and
profitability leading to sustained positive free cash flow
generation; (2) leverage, measured as Moody's-adjusted (gross)
Debt/EBITDA, declining below 5.25x on a sustained basis; and (3)
the maintenance of a solid liquidity profile, including comfortable
capacity under financial covenants.

The ratings could be downgraded if (1) the company's liquidity
profile deteriorates; or (2) there is a sustained deterioration in
credit metrics, such that Moody's-adjusted (gross) Debt/EBITDA
fails to reduce below 6.5x.

LIST OF AFFECTED RATINGS

Downgrades:

Issuer: Ontex Group NV

Probability of Default Rating, Downgraded to B2-PD from B1-PD

LT Corporate Family Rating, Downgraded to B2 from B1

Senior Unsecured Regular Bond/Debenture, Downgraded to B2 from B1

Outlook Actions:

Issuer: Ontex Group NV

Outlook, Changed To Stable From Negative

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Consumer
Packaged Goods Methodology published in February 2020.

COMPANY PROFILE

Ontex Group NV, headquartered in Aalst-Erembodegem, Belgium, is a
leading manufacturer of branded and retailer-branded hygienic
disposable products across Europe, the Americas, the Middle East
and Africa. Ontex operates in three product categories: baby care,
adult incontinence and feminine care. Ontex generated net sales of
around EUR2 billion in 2021 and EBITDA of EUR172 million, as
reported by the company. Ontex is a public company listed on the
Euronext Brussels stock exchange.




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I R E L A N D
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AURIUM CLO IX: Moody's Assigns (P)B3 Rating to EUR13MM Cl. F Notes
------------------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following provisional ratings to notes to be issued by Aurium CLO
IX Designated Activity Company (the "Issuer"):

EUR248,000,000 Class A Senior Secured Floating Rate Notes due
2034, Assigned (P)Aaa (sf)

EUR31,000,000 Class B-1 Senior Secured Floating Rate Notes due
2034, Assigned (P)Aa2 (sf)

EUR10,000,000 Class B-2 Senior Secured Fixed Rate Notes due 2034,
Assigned (P)Aa2 (sf)

EUR23,000,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2034, Assigned (P)A2 (sf)

EUR29,000,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2034, Assigned (P)Baa3 (sf)

EUR20,000,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2034, Assigned (P)Ba3 (sf)

EUR13,000,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2034, Assigned (P)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.

The Issuer is a managed cash flow CLO. At least 90% of the
portfolio must consist of senior secured obligations and up to 10%
of the portfolio may consist of senior unsecured obligations,
second-lien loans, mezzanine obligations and/or high yield bonds.
The portfolio is expected to be at least 93% ramped up as of the
closing date and to comprise of predominantly corporate loans to
obligors domiciled in Western Europe. The remainder of the
portfolio will be acquired during the six months ramp-up period in
compliance with the portfolio guidelines.

Spire Management Limited ("Spire") will 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 four and a half
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 or credit improved obligations.

In addition to the seven classes of notes rated by Moody's, the
Issuer will issue EUR29,000,000 Subordinated Notes due 2034 which
are not rated.

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

Methodology underlying the rating action:

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

Par Amount: EUR400,000,000

Diversity Score: 47*

Weighted Average Rating Factor (WARF): 2975

Weighted Average Spread (WAS): 3.80%

Weighted Average Coupon (WAC): 5.50%

Weighted Average Recovery Rate (WARR): 44.0%

Weighted Average Life (WAL): 7.6 years


FINANCE IRELAND 4: DBRS Finalizes B Rating on Class X Notes
-----------------------------------------------------------
DBRS Ratings GmbH finalized its provisional ratings on the
following residential mortgage-backed floating-rate notes issued by
Finance Ireland RMBS No. 4 DAC (the Issuer):

-- Class A rated AAA (sf)
-- Class B rated AA (high) (sf)
-- Class C rated AA (low) (sf)
-- Class D rated A (low) (sf)
-- Class E rated BBB (low) (sf)
-- Class F rated BB (high) (sf)
-- Class X rated B (sf)

DBRS Morningstar does not rate the Class Y and Class Z notes also
issued in the transaction.

The final rating on the Class A notes addresses the timely payment
of interest and the ultimate payment of principal. The final
ratings on the Class B, Class C, and Class D notes address the
timely payment of interest once most senior and the ultimate
repayment of principal on or before the final maturity date. The
final ratings on the Class E, Class F, and Class X notes address
the ultimate payment of interest and principal.

The Issuer is a bankruptcy-remote special-purpose vehicle
incorporated in Ireland. The issued notes will be used to fund the
purchase of Irish residential mortgage loans originated by Finance
Ireland Credit Solutions DAC (Finance Ireland) and Pepper Finance
Corporation DAC (Pepper).

Since 2018, Finance Ireland has been offering residential mortgage
loans within the Irish market distributed by regulated
intermediaries. Finance Ireland's residential mortgages are
available exclusively through appointed mortgage brokers. Pepper
began originating mortgage loans in 2016 and, in December 2018, it
sold its mortgage business to Finance Ireland.

All mortgages have been originated post-crisis and in accordance
with the new mortgage code of conduct. As of 31 December 2021, the
mortgage portfolio aggregated to EUR 339.3 million. Two loans
originated in December 2021 (each such loan being a Withdrawn
Loan), will not be sold by the Originator to the Issuer on the
closing date. The amount calculated as the current balance of these
loans (EUR 389,556.12) will be held in the main Issuer Deposit
Account and will be paid pro rata toward the redemption of the
notes on the first interest payment date.

All loans were originated between 2016 and 2021, but 98% of the
pool was originated in the past eight months (i.e., from May 2021
to December 2021).

The beneficial interest of the mortgage loans will be transferred
to the Issuer whereas the legal titles of the mortgage loans will
remain with Finance Ireland. Pepper will also service the mortgage
portfolio, with Intertrust Management Ireland Limited acting as the
backup servicer facilitator. Pepper's servicing capabilities are
appropriate to monitor and manage the performance of its mortgage
book and securitized mortgage portfolios. In DBRS Morningstar's
view, this setup can mitigate a potential servicer termination and
therefore remedy potential interest shortfalls arising from
operational issues.

The Class A notes benefits from an amortizing liquidity reserve
fund (ALRF) providing liquidity support for items senior in the
waterfall to payments of interest on the Class A notes. The
liquidity reserve has a target amount equal to 0.75% of the
outstanding Class A notes balance, down to a floor of EUR 1
million. While the amortized amounts are released through the
revenue waterfall, the final release of the floor occurs through
the principal waterfall when the sum of principal available funds
and the ALRF floor is enough to fully redeem the Class A notes.

The general reserve fund (GRF) provides credit support to the rated
notes. The GRF has a target amount equal to 0.75% of the
outstanding balance of the Class B to Class F notes.

Classes B to F are locked out of support if there is an outstanding
principal deficiency ledger (PDL) balance on the respective class
ledger. However, when they are the most-senior classes outstanding,
the support will be available regardless of PDL debiting. The GRF
can only be used after the ALRF, but in priority to principal to
cover the interest shortfalls and debited PDLs. While the amortized
amounts are released through the revenue waterfall, the final
release of the floor occurs through the principal waterfall when
the sum of principal available funds and available reserve fund is
enough to fully redeem the Class F notes.

Credit enhancement for the Class A notes is calculated at 17.2% and
is provided by the subordination of the Class B to Class Z notes
and the reserve funds. Credit enhancement for the Class B notes is
calculated at 11.0% and is provided by the subordination of the
Class C to Class Z notes and the reserve funds. Credit enhancement
for the Class C notes is calculated at 7.7% and is provided by the
subordination of the Class D to Class Z notes and the reserve
funds. Credit enhancement for the Class D notes is calculated at
4.7% and is provided by the subordination of the Class E to Class Z
notes and the reserve funds. Credit enhancement for the Class E
notes is calculated at 3.0% and is provided by the subordination of
the Class Z notes and the reserve funds. Credit enhancement for the
Class F notes is calculated at 2.0% and is provided by the
subordination of the Class Z notes and the reserve funds.

A key structural feature is the provisioning mechanism in the
transaction that is linked to the arrears status of a loan besides
the usual provisioning based on losses. The degree of provisioning
increases in line with increases in the number of months in a
loan's arrears status. This is positive for the transaction as
provisioning based on the arrears status traps any excess spread
much earlier for a loan that may ultimately end up in foreclosure.

The Issuer will enter into a fixed-to-floating balance guaranteed
swap agreement with BNP Paribas SA (rated AA (low) with a Stable
trend by DBRS Morningstar) which, in combination with the
fixed-rate floor of 200 basis points (bps) over the then-prevailing
mid-swap rate for loans that reset or switch to fixed-rate loans,
will lock in a post-swap margin of at least 186 bps for all loans
that reset to a new fixed rate or switch to a fixed rate before the
step-up date. To hedge the floating-rate portion of the portfolio,
the loans that are currently paying a standard variable rate (SVR)
rate, revert to SVR, or switch to SVR are subject to a minimum rate
of one-month Euribor (floored at zero) plus 240 bps.

Borrower collections are held with The Governor and Company of the
Bank of Ireland (rated A (low) with a Stable trend by DBRS
Morningstar) and The Allied Irish Banks, p.l.c. (rated A (low) with
a Stable trend by DBRS Morningstar) and are deposited on the next
business day into the Issuer transaction account held with Elavon
Financial Services DAC, UK Branch. DBRS Morningstar's private
rating on the Issuer Account Bank is consistent with the threshold
for the account bank outlined in its "Legal Criteria for European
Structured Finance Transactions" methodology, given the ratings
assigned to the notes.

DBRS Morningstar based its ratings on a review of the following
analytical considerations:

-- The transaction capital structure and form and sufficiency of
available credit enhancement.

-- The credit quality of the mortgage portfolio and the ability of
the servicer to perform collection and resolution activities. DBRS
Morningstar calculated probability of default (PD), loss given
default (LGD), and expected loss (EL) outputs on the mortgage
portfolio. The PD, LGD, and EL are used as inputs into DBRS
Morningstar's cash flow tool. DBRS Morningstar analyzed the
mortgage portfolio in accordance with its "Master European
Residential Mortgage-Backed Securities Rating Methodology and
Jurisdictional Addenda."

-- The ability of the transaction to withstand stressed cash flow
assumptions and repay the Class A, Class B, Class C, Class D, Class
E, Class F, and Class X notes according to the terms of the
transaction documents. DBRS Morningstar analyzed the transaction
structure using Intex DealMaker.

-- The DBRS Morningstar sovereign rating of AA (low)/R-1 (middle)
with Stable trends (as of the date of this press release) on the
Republic of Ireland.

-- The consistency of the legal structure with DBRS Morningstar's
"Legal Criteria for European Structured Finance Transactions"
methodology and the presence of legal opinions addressing the
assignment of the assets to the Issuer.

The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an immediate economic contraction, leading in
some cases to sharp increases in unemployment rates and income
reductions for many borrowers. DBRS Morningstar anticipates that
delinquencies may arise in the coming months for many residential
mortgage-backed security (RMBS) transactions, some meaningfully.
The ratings are based on additional analysis to expected
performance as a result of the global efforts to contain the spread
of the coronavirus. For this transaction, DBRS Morningstar
incorporated an increase in default probability of self-employed
borrowers in its analysis and conducted additional analysis to
determine the transaction benefits from sufficient liquidity
support in case of high level of payment moratoriums in the
portfolio.

Notes: All figures are in euros unless otherwise noted.


[*] DBRS Puts Ratings on 6 Irish RMBS Deals Under Review Positive
-----------------------------------------------------------------
DBRS Ratings GmbH placed the following ratings on six Irish
residential mortgage-backed security (RMBS) transactions Under
Review with Positive Implications:

Dilosk RMBS No. 4 DAC

-- Class B Notes rated AA (high) (sf)
-- Class C Notes rated AA (low) (sf)
-- Class D Notes rated BBB (high) (sf)
-- Class E Notes rated BBB (low) (sf)

The ratings on the Class B, Class C, Class D, and Class E Notes
address the timely payment of interest once most senior and the
ultimate repayment of principal on or before the legal final
maturity date in February 2060.

Finance Ireland RMBS No. 1 DAC

-- Class B rated AA (high) (sf)
-- Class C rated AA (sf)
-- Class D rated A (high) (sf)
-- Class E rated BBB (sf)

The ratings on the Class B, Class C, Class D, and Class E notes
address the ultimate payment of interest and principal on or before
the legal final maturity date in June 2058.

Finance Ireland RMBS No. 2 DAC

-- Class B rated AA (high) (sf)
-- Class C rated AA (low) (sf)
-- Class D rated A (sf)
-- Class E rated BBB (low) (sf)
-- Class F rated BB (high) (sf)

The ratings on the Class B, Class C, and Class D notes address the
timely payment of interest once most senior and the ultimate
repayment of principal by the legal final maturity date in
September 2060. The ratings on the Class E and Class F notes
address the ultimate payment of interest and principal by the legal
final maturity date.

Finance Ireland RMBS No. 3 DAC

-- Class B rated AA (sf)
-- Class C rated A (sf)
-- Class D rated BBB (sf)
-- Class E rated BB (high) (sf)
-- Class F rated B (high) (sf)
-- Class X rated BB (low) (sf)

The ratings on the Class B, Class C, Class D, and Class E notes
address the timely payment of interest once most senior and the
ultimate repayment of principal on or before the final maturity
date in June 2061. The ratings on the Class X and Class F notes
address the ultimate payment of interest and principal on or before
the final maturity date.

Glenbeigh 2 Issuer Designated Activity Company

-- Class B notes rated AA (low) (sf)
-- Class C notes rated A (high) (sf)
-- Class D notes rated BBB (high) (sf)
-- Class E notes rated BB (high) (sf)
-- Class F notes rated BB (low) (sf)

The rating on the Class B notes addresses the timely payment of
interest once most senior and the ultimate repayment of principal
on or before the final maturity date in March 2046. The ratings on
the Class C, Class D, Class E, and Class F notes address the
ultimate payment of interest and repayment of principal by the
final maturity date.

Glenbeigh 2 Issuer 2021-2 Designated Activity Company

-- Class B Notes rated AA (sf)
-- Class C Notes rated A (sf)
-- Class D Notes rated BBB (sf)
-- Class E Notes rated BB (high) (sf)
-- Class F Notes rated BB (low) (sf)

The final rating on the Class B Notes addresses the timely payment
of interest once most senior and the ultimate repayment of
principal on or before the final maturity date in June 2050. The
final ratings on the Class C, Class D, Class E, and Class F Notes
address the ultimate payment of interest and repayment of principal
by the final maturity date.

DBRS Morningstar also rates the Class A notes issued in each
transaction at AAA (sf), but did not place these classes Under
Review with Positive Implications.

Notes: All figures are in euros unless otherwise noted.




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

2WORLDS SRL: DBRS Puts Ratings on 2 Note Classes Under Review Neg.
------------------------------------------------------------------
DBRS Ratings GmbH placed its BB (sf) and CCC (sf) ratings on the
Class A and Class B notes, respectively, issued by 2Worlds S.r.l.
(the Issuer) Under Review with Negative Implications.

The transaction represents the issuance of Class A, Class B, and
Class J notes (collectively, the Notes). The rating on the Class A
notes addresses the timely payment of interest and the ultimate
payment of principal on or before its final maturity date of
January 2037. The rating on the Class B notes addresses the
ultimate payment of interest and principal on or before the legal
final maturity date. DBRS Morningstar does not rate the Class J
notes.

At issuance, the Notes were backed by a EUR 1.0 billion portfolio
by gross book value (GBV) consisting of secured and unsecured
nonperforming loans (NPLs) originated by Banco di Desio e della
Brianza SpA and Banca Popolare di Spoleto S.p.A. The majority of
loans in the portfolio defaulted between 2014 and 2017 and are in
various stages of resolution.

The receivables are serviced by Cerved Credit Management S.p.A.
(Cerved or the special servicer) while Cerved Master Services
S.p.A. operates as the master servicer and Banca Finanziaria
Internazionale S.p.A. (Banca Finint) was appointed as the backup
servicer for the transaction. As of December 2021, the portfolio's
GBV totalled EUR 771.6 million.

RATING RATIONALE

The Under Review with Negative Implications follows a review of the
transaction and is based on the following analytical
considerations:

-- Transaction performance: assessment of portfolio recoveries as
of December 31, 2021, focusing on: (1) a comparison between actual
collections and the servicer's initial business plan forecast; (2)
the collection performance observed over recent months, including
the period following the outbreak of the Coronavirus Disease
(COVID-19); and (3) a comparison between the current performance
and DBRS Morningstar's expectations.

-- Portfolio characteristics: loan pool composition as of December
2021 and the evolution of its core features since issuance.

-- Transaction liquidating structure: the order of priority
entails a fully sequential amortization of the Notes (i.e., the
Class B notes will begin to amortize following the full repayment
of the Class A notes and the Class J notes will amortize following
the repayment of the Class B notes).

-- Performance ratios and underperformance events: as per the
January 2022 payment report, the cumulative net collection ratio is
88.0% and the net present value cumulative profitability ratio is
114.6%. The 85% subordination event trigger is set at a lower
threshold compared with other Italian NPL transactions.

-- Liquidity support: the transaction benefits from an amortizing
cash reserve providing liquidity to the structure, covering
potential interest shortfall on the Class A notes and senior costs.
The cash reserve target amount is equal to 4.05% of the Class A and
Class B notes' principal outstanding and is fully funded as of the
January 2022 payment date.

TRANSACTION AND PERFORMANCE

According to the latest investor report from January 2022, the
outstanding principal amounts of the Class A, Class B, and Class J
notes were EUR 160.3 million, EUR 30.2 million, and EUR 9.0
million, respectively. The balance of the Class A notes has
amortized 44.4% since issuance.

As of December 2021, the transaction was performing below the
servicer's business plan expectations. The actual cumulative gross
collections equaled EUR 180.9 million whereas the servicer's
initial business plan estimated cumulative gross collections of EUR
217.3 million for the same period. Therefore, as of December 2021,
the transaction was underperforming by EUR 36.4 million (-16.7%)
compared with the initial business plan expectations.

In the February 2021 annual review, DBRS Morningstar estimated
cumulative gross collections for the same period of EUR 163.1
million in the BB (sf) stress scenario and EUR 167.9 million in the
CCC (sf) stress scenario. Therefore, as of December 2021, the
transaction was performing above DBRS Morningstar's BB (sf) and CCC
(sf) stressed expectations at the February 2021 annual review.

In April 2021, DBRS Morningstar received a revised business plan
prepared by the special servicer as of December 2020 (the December
2020 business plan). The December 2020 updated business plan
displays a 16.9% decrease in gross collections compared with the
servicer's initial expectations and an additional 10.0% decrease
compared with the updated business plan delivered in April 2020.
Pursuant to the requirements set out in the servicing agreement,
the fourth updated business plan for the transaction is expected to
be released in February 2022. The servicer has been underperforming
its December 2020 updated business plan over the past two
semesters.

The placement of the ratings Under Review with Negative
Implications status is based on (1) the worsening servicer forecast
considering the December 2020 updated business plan and (2) the
current underperformance of the transaction compared with the
December 2020 updated business plan. During the Under Review
period, DBRS Morningstar will assess the expected updated business
plan due in February 2022 and the changes from previous
expectations in detail, which may result in changes to its stressed
assumptions.

The final maturity date of the transaction is in January 2037.

DBRS Morningstar analyzed the transaction structure using Intex
DealMaker.

The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an immediate economic contraction, leading in
some cases to increases in unemployment rates and income reductions
for many borrowers. DBRS Morningstar anticipates that negative
effects may continue in the coming months for many NPL
transactions. In particular, the deterioration of macroeconomic
conditions could negatively affect recoveries from NPLs and the
related real estate collaterals. The ratings are based on
additional analysis to expected performance as a result of the
global efforts to contain the spread of the coronavirus. For this
transaction, DBRS Morningstar incorporated its expectation of a
moderate medium-term decline in residential property prices, but
gave partial credit to house price increases from 2023 onward in
non-investment-grade scenarios.

The DBRS Morningstar Sovereign group releases baseline
macroeconomic scenarios for rated sovereigns. These scenarios were
last updated on December 9, 2021. DBRS Morningstar analysis
considered impacts consistent with the baseline scenario in the
below referenced report.

Notes: All figures are in euros unless otherwise noted.


DIOCLE SPA: Moody's Raises CFR to B1 & Alters Outlook to Stable
---------------------------------------------------------------
Moody's Investors Service has upgraded the corporate family rating
to B1 from B2 and the probability of default rating to B1-PD from
B2-PD of Diocle S.p.A.'s ("DOC Generici" or "the company"). At the
same time, Moody's has upgraded to B1 from B2 the company's EUR470
million guaranteed senior secured floating-rate notes due in 2026,
of which EUR323 million remain outstanding, following the last
partial redemption completed by the company on February 21. The
outlook has been changed to stable from positive.

RATINGS RATIONALE

The upgrade of DOC Generici's rating to B1 reflects Moody's
expectations that key credit metrics will be well positioned in the
rating category under the next 12 to 18 months. Moody's expects the
company's Moody's-adjusted gross leverage to close at 3.6x at
end-2021 (3.1x pro forma the latest debt redemption). Additionally,
the agency expects the company will continue to generate
Moody's-adjusted FCF of around EUR55 million over the same period,
which represents a ratio of 17% to 18% of debt.

So far, the company's financial policy has been conservative with
DOC Generici privileging debt redemptions with available excess
cash. Under its ESG framework, Moody's considers the history and
stability of the company's leverage and dividend policy as part of
its assessment of financial strategy and risk management.

The company has redeemed around EUR150 million of its guaranteed
senior secured notes over the past three years, significantly
reducing its debt burden. The agency believes the risk of large
debt-funded M&A remains low because the company does not intend to
expand activities outside of Italy and it already has a leading
position within its own core market of retail generics. Moody's
forecasts do not incorporate any shareholder distributions over the
next 12 to 18 months as the agency understands the company will
continue prioritizing liquidity and deleveraging.

Over the next 12 to 18 months, Moody's expects DOC Generici will
generate organic revenue growth in the mid-single digits in
percentage terms thanks to its strong footprint in the Italian
generics market, and in particular the Class A segment where the
company has the second largest market share; the continued
penetration of generics in the Italian market thanks to a
supportive regulatory environment that is expected to endure in the
foreseeable future; and the new generics launched over recent
years.

RATING OUTLOOK

The stable outlook reflects Moody's expectation that DOC Generici
will continue to generate a strong operating performance, including
positive organic sales growth, and have a good liquidity profile.
The outlook also reflects the agency's expectations of a continued
prudent financial policy over the next 12 to 18 months that will
support a leverage around 3.0x (Moody's adjusted gross leverage) on
a sustained basis.

LIQUIDITY PROFILE

DOC Generici has good liquidity, with a cash balance of EUR40
million as of September 31, 2021 and access to a EUR50 million
undrawn super senior revolving credit facility (SSRCF). The company
has no immediate debt maturities. The SSRCF has a financial
maintenance covenant, which will only be tested when the facility
is drawn by 40% or more. Moody's expects the company to have
significant headroom against this threshold, if tested.

Because of the company's asset-light model, limited amounts are
required for capital spending, while working capital swings are
generally low. Nevertheless, DOC Generici's exposure to wholesalers
(around 60% of revenue) could, in more extreme scenarios, entail
larger working capital swings if the wholesalers draw on their
inventory levels rather than placing new orders.

STRUCTURAL CONSIDERATIONS

The PDR of B1-PD reflects Moody's assumption of a 50% recovery rate
for covenant-lite debt structures. The B1 rating of the guaranteed
senior secured floating-rate notes due in June 2026, of which
EUR323 million are still outstanding, is in line with the B1 CFR,
reflecting their positioning in the capital structure, with only
the EUR50 million SSRCF ranking ahead of them.

The top entity of the restricted group is Diocle S.p.A., the issuer
of the guaranteed senior secured floating-rate notes. All debt
instruments share the same collateral package on first and second
priority. In particular, the debt instruments benefit from
guarantees by the parent company and significant subsidiaries,
which must represent at least 80% of consolidated EBITDA.

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

For upward pressure to materialize, DOC Generici would have to
increase its scale and improve its diversification through, for
example, a reduced reliance on the Italian market. Quantitatively,
upward pressure could develop if DOC Generici's leverage ratio
(defined as Moody's adjusted gross debt/EBITDA) trends well below
3.0x on a sustained basis supported by a prudent financial policy
and if its Moody's-adjusted free cash flow to debt increases
sustainably above 20%, while maintaining a good operating
performance.

Conversely, downward pressure could develop if the company's
Moody's-adjusted gross leverage ratio increases above 4.0x on a
sustainable basis; or if its Moody's-adjusted free cash flow to
debt decreases sustainably below 10%, or there are unfavorable
developments in the Italian regulatory framework, significantly
affecting the company's ability to sustain earnings and cash flow
growth; or the company embarks on significant debt-funded
acquisitions or significant shareholder distributions.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Pharmaceuticals
published in November 2021.

COMPANY PROFILE

DOC Generici is a leading Italian independent generics company
operating in the retail channel. The company operates only in the
Italian market and has operations across a wide variety of
therapeutic categories. Intermediate Capital Group (ICG) and
Merieux Equity Partners acquired DOC Generici on July 1, 2019 and
hold a majority shareholding of 95%. DOC Generici generated gross
sales of EUR250 million in the 12 months that ended September 2021,
with a reported EBITDA of EUR104 million during the same period.




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

GROUP OF BUTCHERS: S&P Assigns 'B' ICR, Outlook Stable
------------------------------------------------------
S&P Global Ratings assigned its 'B' long-term issuer credit rating
to Dutch private-label meat processing company Group of Butchers
(GoB; the group top holding company of Artisan Holdco B.V.), and
its 'B' issue and '3' recovery ratings to the senior secured term
loan B (TLB).

The stable outlook reflects S&P's view that GoB's credit metrics
should remain stable over the next 12 months, with positive FOCF
that will allow the group to adequately self-fund its operations.

These ratings are in line with the preliminary ratings S&P assigned
on Jan. 17, 2022.

GoB is specialized in sandwich meat and ready-to-eat meat products.
S&P forecasts revenue of close to EUR600 million and S&P Global
Ratings-adjusted EBITDA of about EUR65 million in 2022.

There are no material changes to S&P's forecasts or to the
financial documentation since our original review. The final TLB
amount was EUR320 million, EUR10 million less than in the proposed
debt structure.

S&P said, "We expect the group will maintain a highly leveraged
capital structured sustained by debt-funded acquisitions, albeit we
believe it will remain FOCF generative.We expect S&P Global
Ratings-adjusted debt leverage of about 5.5x for 2022-2023, with
EBITDA interest coverage of about 4.5x and positive FOCF reflecting
low capital expenditure (capex) intensity and good control of
working capital. The company presents an extensive merger and
acquisition track record, which includes three recent acquisitions
under Parcom ownership since October 2020. We assume the group will
continue pursuing acquisitions of high-end meat processors (and
non-meat packaged food producers to a minor extent) as it looks to
diversify its product offering and address changing consumer
preferences. That said, we think the group is unlikely to raise
adjusted debt leverage above 6x as per our understanding of the
risk tolerance of management and financial sponsor Parcom. We
forecast positive and increasing FOCF of EUR20 million-EUR25
million in 2022 and EUR30 million-EUR35 million in 2023, supported
by EBITDA growth and additional cash flows from acquisitions. Our
base case includes moderate capital intensity, with total capex of
about 3% of annual sales, and relatively low seasonality in the
business translating into limited working capital swings.

"Despite high cost pressures and market volume declines, we see GoB
as well positioned to generate revenue and EBITDA growth.GoB
operates in the noncyclical industry of meat processing, which
suffers from structurally declining volumes in Europe due to
changing consumer preferences. That said, the company is focused on
niche expanding segments in its addressable markets, namely
sandwich meat and ready-to-eat meat, which are benefiting from
COVID-19-induced trends such as increased working from home. GoB is
positioned as a premium producer within a highly profitable
category for retailers, which gives it better pricing power than
most private-label companies. On top of that, GoB built strong
links with local retailers by supporting them with data-driven
insights into consumer preferences on processed meat, which
ultimately enabled the group to secure beneficial contracts that
allow for automatic pass through of raw material inflation. We also
take a positive view on GoB's operating efficiency, which is
underpinned by its well-invested and automated production
facilities and its track record of high and stable capacity
utilization. Overall, we see GoB as well positioned to absorb
soaring input costs in the packaged food sector thanks its premium
positioning in dynamic categories, its close links with large local
retailers, and its cost leadership.

"GoB's modest scale of operations, presence in niche private label
segments, and high concentration to large Dutch retailers partially
offset these business strengths.Despite its track record of growth,
GoB remains of modest scale compared to large players in the
packaged food industry, including meat processors, with projected
revenue of EUR610 million and adjusted EBITDA of about EUR65
million for 2022. We view GoB as relatively close in size to French
branded and private-label food producer Financiere LFF - Labeyrie
(B/Stable/--) and Dutch branded and private-label food producer
Signature Foods B.V. (B/Stable/--) while being smaller but more
profitable and FOCF generative than U.K. poultry producer Boparan
Holdings Ltd. (B-/Negative/--). In our view, the size of the
company remains constrained by the niche nature of its addressable
markets, which requires continuous investments to identify white
spots and fast-changing consumer habits and cater them with regular
new product launches. The group is also mostly a private-label
business (80% of revenue) and thus doesn't benefit from a portfolio
of well-known brands. We believe its competitive advantage lies
more in cost leadership and deep knowledge of consumer preferences
to quickly launch new high-value meat products. GoB is also
particularly concentrated in its home market of the Netherlands
(70% of revenue) although it has expanded recently in Germany,
which now accounts for about 25% of revenue. In addition, GoB has
sizeable customer concentration with its two largest clients,
Albert Heijn and Jumbo, representing more than half of its sales.

"The stable outlook reflects our view that GoB's operating
performance should remain resilient over the next 12 months,
despite the volume decline in the overall meat processing sector,
integration risks related to the acquisitions, and a strong
increase in operating costs like raw materials, energy, and
packaging.

"To maintain the current rating, we would need to see GoB meeting
our base-case projections, which are to maintain adjusted debt
leverage of 5.5x-6.0x and EBITDA interest coverage above 3.0x, and
generate positive FOCF of at least EUR20 million annually.

"In our base case, we assume that the group will pass on price
increases to retailers, notably thanks to its agreed pass-through
agreements with its main clients, while controlling working capital
and capex. In our view, the strategy to find niche expanding
segments, innovate toward higher-end products, and operate a very
efficient manufacturing base and beneficial supplier-retailer
partnerships should help stabilize and then increase the EBITDA
margin to about 11.5%-12.5% in 2023 from about 10.5%-11.5% in 2022.
We believe the business is not seasonal nor capex intensive, thus
supporting FOCF generation.

"We could lower the rating on GoB if, contrary to our base case,
adjusted debt leverage rises durably above 7x with neutral to
negative FOCF over the next 12 months.

"We think this could occur if the company is unable to create value
in its product offering and sees accelerated volume declines in its
segments. This, coupled with high inflation on operating expenses,
could lead to a significant margin squeeze. We could also lower the
ratings on the company if it immediately pursues an aggressive
debt-financed acquisition while still in the process of integrating
its three current acquisitions, because this would create
integration risks and headwinds to the deleveraging path.

"We could take a positive rating action if GoB's revenue and EBITDA
base expand significantly and enable it to achieve a much larger
scale in Western Europe. In addition, we would view positively the
group improving its geographical and product category
diversification."

This could occur through a track record of strong organic growth
with successful expansion in new markets, product segments, and
adjacent categories to processed meat, with a continued track
record of successfully integrating new acquisitions.

S&P could also raise the rating should the company sustainably
deleverage below 5x on an adjusted basis, but this would depend on
a firm commitment from the financial sponsors to maintain such a
low level of leverage over the long term.

Environmental, Social, And Governance

ESG credit indicators: E-3, S-2, G-3

S&P said, "Environmental factors are a moderately negative
consideration in our credit rating analysis of GoB. Meat processing
has higher-than-average exposure to environmental risks than other
food production categories, mainly related to the high exposure in
the supply chain to carbon dioxide (CO2) emissions and
biodiversity. We see beef meat especially as a source of high CO2
emissions. In addition, raw materials sourcing concentration for
beef and pork meat has a negative impact on biodiversity.

"Governance factors are a moderately negative consideration, as is
the case for most rated entities owned by private-equity sponsors.
We view financial-sponsor-owned companies with aggressive or highly
leveraged financial risk profiles as demonstrating corporate
decision-making that prioritizes the interests of the controlling
owners. This also reflects the generally finite holding periods and
a focus on maximizing shareholder returns.

"Social factors are an overall neutral consideration, but we value
the track record in product and employee safety."




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

NORD STREAM 2: Says Mobile, Fixed Network Lines Not Reachable
-------------------------------------------------------------
John Stonestreet and Jason Neely at Reuters report that the
Swiss-based operator of the Russian Nord Stream 2 gas pipeline said
on March 2 its mobile and fixed network lines were not reachable
for the time being and it had shut down its website amid hacking
attacks.

"We can confirm that we have taken down this website due to serious
and continuous attacks from outside," Reuters quotes the company as
saying on the web site, which now consists of only one main page
with the message.

Nord Stream 2 AG said Swisscom was not able to provide a proper
mobile phone number transfer, "as promised and negotiated", Reuters
notes.

As reported by the Troubled Company Reporter-Europe on March 3,
2022, Reuters related that Swiss-based Nord Stream 2 AG has not
filed for insolvency, it said on March 2.

"We do not confirm the media reports that Nord Stream 2 has filed
for bankruptcy.  "The company only informed the local authorities
that the company had to terminate contracts with employees
following the imposition of U.S. sanctions on the company," Reuters
quoted Nord Stream 2 AG as saying in emailed comments.

The firm, based in Zug, Switzerland, was considering filing for
insolvency, two sources familiar with the situation told Reuters
earlier last week, as it attempts to settle claims ahead of a U.S.
sanction deadline for entities to stop dealings with it, Reuters
disclosed.

Separately, Zug's cantonal economy director, Silvia Thalmann, said
that process had not been activated, Reuters noted.


RUSSIA: Moody's Cuts LongTerm Issuer & Unsec. Debt Ratings to B3
----------------------------------------------------------------
Moody's Investors Service, on March 3, 2022, downgraded the
Government of Russia's long-term issuer (local- and
foreign-currency) and senior unsecured (local- and
foreign-currency) debt ratings to B3 from Baa3. The ratings remain
on review for further downgrade. Concurrently, Moody's has also
downgraded the domestic currency Other Short Term rating to Not
Prime (NP) from P-3.

The multi-notch downgrade of Russia's ratings and maintaining the
review for further downgrade were triggered by the severe sanctions
that Western countries have imposed on Russia, including the
sanctioning of the Central Bank of the Russian Federation (CBR) and
some large financial institutions, in response to its military
invasion of Ukraine (B3 review for downgrade) and retaliatory
measures taken by the Russian authorities. The ongoing review was
initially triggered on February 25 by the start of Russia's
military invasion of Ukraine.

The downgrade of Russia's ratings to B3 is driven by the following
rating factors:

1. Heightened risk of disruption to sovereign debt repayment given
the severe and coordinated sanctions and significant concerns
around Russia's willingness to service its obligations;

2. Likelihood of a sustained disruption to the economy and
financial sector from the sanctions that limit access to Russia's
international reserves intended to buffer Russia from adverse
shocks.

The scope and severity of the sanctions announced to date have gone
beyond Moody's initial expectations and will have material credit
implications. Severe and coordinated sanctions imposed on Russia
together with its retaliatory response in recent days have
materially impaired its ability to execute cross-border
transactions, including for sovereign debt payments. Russia's
prohibition on transfers of foreign currency outside of the country
in response to the sanctions, which appears at this stage not to
apply to repayments of legacy debt, undermines Russia's track
record of willingness to service its debt and leaves debt servicing
flows highly vulnerable to further intervention. Moody's considers
willingness to service debt a Governance consideration under its
ESG framework.

The significant concerns around Russia's willingness to service its
debt are a reflection that Russia's institutional strength has very
materially weakened with increasing evidence that the executive
faces few checks and balances. This, in conjunction with the higher
complexity and technical restrictions that Russia now faces to
execute cross-border payments as a result of the sanctions, are
commensurate with a sovereign rating no higher than B3. The
imposition of severe and co-ordinated sanctions, together with the
financial ramifications from the potential delays to sovereign debt
repayments, raise the probability of sustained disruption to
Russia's economy and financial sector that impairs access to
Russia's financial reserves that were built to withstand adverse
shocks.

The review period will allow Moody's to assess the extent of
disruptions to forthcoming sovereign debt repayments, the
possibility of any workaround and whether investors are likely to
incur losses. Moody's will also continue to monitor further
indications around Russia's willingness to pay, including the
possibility of a further tightening of restrictions on
foreign-currency transactions which -- if they were to include
legacy debt -- would formally impose a moratorium on debt
repayments.

Concurrently, Moody's lowered Russia's local- and foreign-currency
country ceilings to B2 and B3 from Baa1 and Baa2 respectively. The
one-notch gap between the local-currency ceiling and the sovereign
ratings at B3 reflects the increasing unpredictability of the
government's actions and high political risk following the invasion
of Ukraine that could affect all Russian issuers. The one-notch gap
between the foreign-currency ceiling and the local-currency ceiling
reflects high transfer and convertibility risks.

RATINGS RATIONALE

RATIONALE FOR THE DOWNGRADE

FIRST DRIVER: HEIGHTENED RISK OF DISRUPTION TO SOVEREIGN DEBT
REPAYMENT GIVEN THE SEVERE AND COORDINATED SANCTIONS AND
SIGNIFICANT CONCERNS AROUND RUSSIA'S WILLINGNESS TO SERVICE ITS
OBLIGATIONS

The high degree of coordination among Western countries to impose
wide-ranging sanctions on Russia in response to the invasion of
Ukraine is crystallising severe downside risks to Russia's credit
profile. The escalating military invasion, the acceleration in the
imposition of sanctions on Russia to include the most severe forms
that Moody's had outlined previously and the unpredictable actions
that the government has undertaken in response to such sanctions
has, in Moody's view, materially impaired Russia's ability and
willingness to ensure timely repayment of its sovereign debt
obligations. Moody's considers there is now a significant
likelihood that Russia's ability to repay its sovereign debt
obligations will be disrupted by the sanctions.

Restrictions on some Russian banks' access to SWIFT coupled with
the sanctioning of large state-owned banks and the CBR will
effectively block these institutions from participating in the
global financial system and make it exceptionally difficult for
them to engage in international transactions. For example, the
recently outlined sanctions which prohibit engaging in transactions
with the CBR and the Ministry of Finance appear to not include any
carveouts for sovereign debt repayments. Given compliance risks,
non-Russian institutions will be very reluctant to deal with
sanctioned or non-sanctioned entities within Russia.

As a result, the ability of the government to execute repayments on
its international bonds is highly likely to be constrained by the
sanctions. Moody's will monitor whether there are any delays in
executing the next Eurobond coupon payments of $117 million due on
March 16 in deciding on further changes to the ratings. In the
event of a missed payment which extends beyond the grace period, a
B3 rating would be consistent with the expectation of a close to
full recovery for investors (relative to par plus accrued
interest).

Moreover, Russia's recently announced prohibition on transfers of
foreign currency outside of the country in response to the
sanctions imposed by Western governments severely undermines
Moody's view of Russia's institutional strength and leaves debt
repayment flows highly vulnerable to further intervention. The
increasing unpredictability of government actions that could
further impact Russia's credit profile is a reflection of a lack of
checks and balances around the executive and undermines
institutional strength and the effectiveness of policies.

SECOND DRIVER: LIKELIHOOD OF A SUSTAINED DISRUPTION TO THE ECONOMY
AND FINANCIAL SECTOR FROM THE SANCTIONS THAT LIMIT ACCESS TO
RUSSIA'S INTERNATIONAL RESERVES INTENDED TO BUFFER RUSSIA FROM
ADVERSE SHOCKS

The imposition of severe and co-ordinated sanctions by Western
countries has caused a significant confidence shock, which will
likely result in a prolonged disruption to the economy and
financial sector. A sustained depreciation of the ruble will have
severe economic consequence in the form of higher inflation, a
marked deceleration of economic activity and lower living
standards. Significant deposits withdrawals that reduce liquidity
in the banking system would add to the risks to financial stability
and could require the government to step in to support the banking
sector. The CBR has responded by hiking the key rate to 20%,
restricting nonresident deposit withdrawals and requiring the
conversion of 80% of foreign-currency export earnings in order to
provide liquidity support to the financial system.

The risk of macro-economic instability is further elevated by the
effect of new sanctions making a very significant portion of
Russia's accumulated financial buffers inaccessible. The freeze on
the reserve assets of the CBR, the Russian Ministry of Finance and
the National Wealth Fund held by Western institutions including in
the United States (US, Aaa stable), the European Union (EU, Aaa
stable), the United Kingdom (UK, Aa3 stable) and others has
significantly reduced the buffers available to cushion the shock.
According to data from the CBR, at least 60% of foreign-currency
reserves, excluding gold, were, as at end-June 2021, located in
countries that have sanctioned the CBR. Although Russia holds
around 20% of its reserves in gold, Moody's expects there will be
challenges in converting it into hard currency. Weaker liquidity in
the banking sector will reduce its ability to provide financing to
the government and wider economy amid financial sector disruption
and the risk of significant deposit withdrawals.

While inflows of foreign currency from the export of Russian oil
and gas may provide a cushion to the impact of these severe
sanctions, this does not preclude, in Moody's view, the high
likelihood of a sustained economic disruption and increased
susceptibility to shocks. In addition, a further ratcheting up of
the sanctions imposed on Russia by Western countries could very
well apply to this vital source of foreign currency and government
revenue.

RATIONALE FOR REVIEW FOR FURTHER DOWNGRADE

The rating action reflects Moody's view that there is a significant
likelihood of forthcoming sovereign debt repayments being
disrupted, and the review period will allow Moody's to assess the
extent of such disruptions, the impact on the economy and financial
system, and the possibility of any workaround, as well as whether
investors are likely to incur losses which may lead to a further
downgrade of Russia's ratings.

The review period will also allow Moody's to assess any further
indication regarding Russia's willingness to repay its debt and the
possible tightening of restrictions on foreign-currency transfers
outside of Russia to include all debt repayments, which would
further undermine Russia's institutional strength and constitute a
default under Moody's definition.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE CONSIDERATIONS

Russia's ESG Credit Impact Score is very highly negative (CIS-5),
reflecting high exposure to environmental and social risks, and a
very highly negative governance issuer profile score.

Moody's assesses Russia's exposure to environmental risks as high
(E-4 issuer profile score), reflecting high exposure to carbon
transition risk given the important role played by hydrocarbons for
exports and government revenue. While global transition towards
lower consumption of hydrocarbons will proceed over several
decades, Russia is likely to see the impact from a shift in
policies in the near term as other countries begin to position
their economies to reach their own carbon-neutral targets. Russia
also faces moderate risks from the management of waste and
pollution which can lead to regional tensions.

Exposure to social risks is highly negative (S-4 issuer profile
score), given that Russia faces socials risks from relatively low
income growth which is being exacerbated by the economic impact of
the severe sanctions. Social risks are also driven by highly
unfavorable demographic trends, which limit Russia's growth
potential. A rapidly shrinking population of young workers is
likely not only to weigh on the country's aggregate labour input
but also reduce the economy's dynamism.

The influence of governance on Russia's credit profile is very
highly negative (G-5 issuer profile score) and risks are mainly
related to weaknesses in Russia's institutions stemming from the
lack of checks and balances on the executive, giving rise to the
imposition of policies which have severe credit negative
implications. The score also reflects weaknesses in the rule of
law, property rights and control of corruption, reflected in
relatively lower scores on international surveys compared with
rating peers.

GDP per capita (PPP basis, US$): 28,053 (2020 Actual) (also known
as Per Capita Income)

Real GDP growth (% change): -2.7% (2020 Actual) (also known as GDP
Growth)

Inflation Rate (CPI, % change Dec/Dec): 4.9% (2020 Actual)
Gen. Gov. Financial Balance/GDP: -4% (2020 Actual) (also known as
Fiscal Balance)

Current Account Balance/GDP: 2.4% (2020 Actual) (also known as
External Balance)

External debt/GDP: 31.4% (2020 Actual)

Economic resiliency: ba3

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

On March 2, 2022, a rating committee was called to discuss the
rating of Russia, Government of. The main points raised during the
discussion were: The issuer's economic fundamentals, including its
economic strength, have materially decreased. The issuer's
institutions and governance strength have very materially
decreased. The issuer's fiscal or financial strength, including its
debt profile, has materially decreased. The issuer has become
increasingly susceptibility to event risks.

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

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

Given the review for downgrade, an upgrade of Russia's ratings is
remote. The ratings could be confirmed if Moody's concluded that
any disruption due to Russia's inability or willingness to execute
sovereign debt repayment proved to be temporary and that close to
full recovery for investors was likely. For example, Moody's will
assess whether Russia is able to utilize workarounds to ensure the
continuity of cross-border payments for sovereign debt.

Even in a scenario where geopolitical risks abate and sovereign
debt service is restored, the marked deterioration in Moody's
assessment of Russia's weak institutional strength is likely to
keep the ratings well below investment grade for a prolonged
period.

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

Russia's ratings could be downgraded if Moody's concluded that
forthcoming sovereign debt repayments were disrupted and close to
full recovery for bondholders appeared uncertain. Indications that
Russia's willingness to service its debt in full and on time has
further weakened would also likely lead to a downgrade.

Further adverse ramifications for the domestic economy and
financial sector from Russia's military invasion of Ukraine and
Western governments' resolve to cut off Russia from the
international financial system, including a potential ratcheting up
of sanctions to apply to Russia's energy sector, which is a vital
source of foreign currency revenue, could further weaken Russia's
economic resiliency and place downward pressure on the ratings.

The publication of this rating action deviates from the previously
scheduled release dates in the UK sovereign calendar published on
www.moodys.com. This action was prompted by the sanctions imposed
on the Government of Russia in recent days by Western countries,
including the sanctioning of the CBR, in response to Russia's
military invasion of Ukraine and retaliatory measures taken by the
Russian authorities.

The principal methodology used in these ratings was Sovereign
Ratings Methodology published in November 2019.


RUSSIA: S&P Lowers Currency Sovereign Credit Ratings to 'CCC- '
---------------------------------------------------------------
S&P Global Ratings, on March 3, 2022, lowered its foreign and local
currency sovereign credit ratings on Russia to 'CCC-/C' from
'BB+/B' and 'BBB-/A-3', respectively. S&P also revised downward its
transfer and convertibility assessment to 'CCC-' from 'BBB-'. The
ratings remain on CreditWatch with negative implications, where S&P
placed them on Feb. 25, 2022.

As "sovereign ratings" (as defined in EU CRA Regulation 1060/2009
"EU CRA Regulation"), the ratings on Russia are subject to certain
publication restrictions set out in Art 8a of the EU CRA
Regulation, including publication in accordance with a
pre-established calendar. Under the EU CRA Regulation, deviations
from the announced calendar are allowed only in limited
circumstances and must be accompanied by a detailed explanation of
the reasons for the deviation. In this case, the reason for the
deviation is capital-control measures introduced by the
authorities, which could disrupt timely government debt service.
The next scheduled publication on the Russia sovereign rating is on
May 27, 2022.

Russia's military conflict with Ukraine has prompted a new round of
G7 government sanctions, including ones targeting the foreign
exchange reserves of The Central Bank of Russia (CBR); this has
rendered a large part of these reserves inaccessible, undermining
the CBR's ability to act as a lender of last resort and impairing
what had been -- until recently -- Russia's standout credit
strength: its net external liquidity position.

To mitigate the resulting high exchange rate and financial market
volatility, and to preserve remaining foreign currency buffers,
Russia's authorities have--among other steps -- introduced
capital-control measures that S&P understands could constrain
nonresident government bondholders from receiving interest and
principal payments on time.

CreditWatch

S&P said, "The ratings remain on CreditWatch negative to indicate
that we could lower them further over the next few weeks. We expect
to resolve the CreditWatch placement once we have more clarity on
the technical ability and/or willingness of the government to honor
its debt obligations in full and on time."

Rationale

S&P said, "The downgrade follows the imposition of measures that we
believe will likely substantially increase the risk of default.
Among these are capital controls introduced by authorities that aim
at shielding the ruble from the impact of severe economic sanctions
while preserving remaining useable reserve buffers. The new G7
government restrictions were imposed on Russia in response to its
accelerated military actions in Ukraine.

"We estimate that international sanctions have reduced Russia's
available foreign exchange reserves by as much as one half,
including foreign currency deposits and securities domiciled in the
U.S., the EU, and Japan. This has substantially weakened Russia's
external liquidity during a period of rising foreign currency
demand. The sanctions also imposed restrictions that deny or
significantly diminish access of the Russian banking system to the
global financial system, markets, and infrastructure.

"We understand from public information and press reports that
capital control measures entail the ban on cross-border financial
flows, including debt service payments of both the private sector
and the government. We believe this will very likely restrict the
ability of nonresident domestic and foreign currency bondholders to
receive interest and/or principal payments on time."

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

-- Other governance factors

  Ratings List

  DOWNGRADED  
                                           TO    FROM
  RUSSIA

  Sovereign Credit Rating
   Foreign Currency          CCC-/Watch Neg/C    BB+/Watch Neg/B
   Local Currency            CCC-/Watch Neg/C    BB-/Watch Neg/A-3
   Transfer & Convertibility Assessment  CCC-    BBB-

  RUSSIA

   Senior Unsecured            CCC-/Watch Neg    BB+/Watch Neg
   Senior Unsecured            CCC-/Watch Neg    BBB-/Watch Neg


SVYAZINVESTNEFTEKHIM JSC: Moody's Reviews 'Ba1' CFR for Downgrade
-----------------------------------------------------------------
Moody's Investors Service has placed on review for downgrade the
Ba1 corporate family rating, Ba1-PD probability of default and b1
Baseline Credit Assessment of Svyazinvestneftekhim JSC (SINEK), a
100% state-owned investment holding company of the Republic of
Tatarstan (Tatarstan). The rating action follows the placement on
review of the sub-sovereign rating of Tatarstan which took place on
March 1, 2022.

This rating action on Tatarstan reflects the potential weakening of
Russia's credit profile as captured by the placement on review for
downgrade of the sovereign government bond rating (Baa3) on
February 25, 2022, which was triggered by Russia's further military
operation in Ukraine.

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

The rating action on SINEK is a direct consequence of the
sub-sovereign rating action and reflects Moody's view that a
potential downgrade of Tatarstan's sub-sovereign rating would lead
to a downgrade of SINEK because of the company's strong
interlinkages with the sub-sovereign and sovereign rating. Oil
producer Tatneft PJSC (Baa2 on review for downgrade) provides
30%-50% of the republic's total tax revenue and accounts for more
than 60% of SINEK's asset portfolio and the bulk of its dividend
stream.

The decision to place sub-sovereign rating on review for downgrade
reflects the potential deterioration of its credit profile due to
economic, financial and institutional linkages with the federal
government. Moody's will assess to which extent the conflict and
related sanctions will negatively impact Tatarstan through lower
corporate and personal income taxes and heightened spending
pressure. The region's economic activity is concentrated in
particular sectors, such as oil and gas and petrochemicals, that
could be directly affected by sanctions. Restrictions to import and
export activities could also undermine key local taxpayers' ability
to generate revenue and pay taxes, directly affecting Tatarstan's
tax collection. In addition, the recently announced and potentially
further sanctions on high-technology imports would impair medium-to
long-term growth and diversification potential of local economies
of many regions.

Furthermore, turbulence on local financial markets would lead to
higher borrowing costs for regional local governments and undermine
access to market funding. Finally, a weaker credit quality for the
sovereign would potentially diminish its ability to provide
on-going support to the local public sector via transfers and cheap
funding through budget loans.

The review for downgrade, in particular, will take into account (1)
Tatarstan's sub-sovereign rating following the conclusion of the
sovereign and sub-sovereign reviews; (2) the company's individual
credit factors, including the spillover effect of sanctions imposed
on Russian and Tatarstan corporates and the country's financial
system on SINEK's credit quality; and (3) the willingness and
ability of the Tatarstan government to extend support to SINEK in
the event of financial distress.

LIST OF AFFECTED RATINGS

On Review for Possible Downgrade:

Issuer: Svyazinvestneftekhim JSC

Corporate Family Rating, Placed on Review for Downgrade, currently
Ba1

Probability of Default Rating, Placed on Review for Downgrade,
currently Ba1-PD

Baseline Credit Assessment, Placed Under Review for Downgrade,
currently b1

Outlook Actions:

Issuer: Svyazinvestneftekhim JSC

Outlook, Changed To Rating Under Review From Stable

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Investment
Holding Companies and Conglomerates published in July 2018.

Svyazinvestneftekhim JSC (SINEK) is a 100% state-owned investment
holding company of the Republic of Tatarstan. SINEK (1) manages an
investment portfolio of key companies in which the Tatarstan
government has either a controlling or a blocking stake (along with
a golden share), (2) consolidates the companies' dividends, and (3)
invests mainly in social and infrastructural projects in Tatarstan.
The company does not publish its financial statements.


[*] RUSSIA: EU Mulls More Sanctions Following Ukraine Invasion
--------------------------------------------------------------
John Chalmers and Marine Strauss at Reuters report that the
European Union is waiting to see the impact of a slew of sanctions
on Russia before imposing any more, but it is working on further
steps that could include targeting crypto-assets, officials said on
March 3.

According to Reuters, the president of the EU's executive said the
bloc would take additional steps against Moscow if the situation on
the ground in Ukraine deteriorates further following Russia's
invasion of the country.

"Our aim is to cut the Kremlin's capacity to wage war on its
neighbours," Reuters quotes European Commission President Ursula
von der Leyen as saying after a meeting with Romanian President
Klaus Iohannis.

The 27-member bloc has approved an array of financial, energy,
export and travel bans following the invasion, Reuters relates.

These have included a freeze on Russian central bank assets, the
shutdown of EU airspace to Russia, the removal of a number of
Russian banks from the SWIFT international payments system, and
sanctions on a clutch of Russian tycoons, Reuters discloses.

"We still have many ideas how we can take work forward when it
comes to sanctions, whether it's on trade, whether it's on energy,
whether it's on exports, on . . . . shipping," one EU official on
condition of anonymity, as cited by Reuters, said.

"So it is being worked on as we speak.  But I think the spirit now
. . . is that we see the implementation and the effect of what we
have done so far."

According to Reuters, a second EU official said that while the bloc
waits for its sanctions "to bite" there is analysis under way on
how to target Russian crypto assets and work on how to "make sure
that Belarus can't be used as a loophole" by Russians to sidestep
sanctions.

The officials said Russia appeared to have been surprised by the
intensity of EU sanctions and counter-measures have come with a
time lag, though it has reciprocally closed its airspace to
countries that have banned Russian airlines, Reuters notes.  The EU
has stopped short of curbing energy imports from Russia, which
provides more than a third of Europe's gas imports and more than a
quarter of its oil imports, but is looking for alternative supplies
in case of Russian retaliation and trying to diversify its
energy-use mix, Reuters relays.




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

PROMOTORA DE INFORMACIONES: S&P Lowers ICR to 'CC', Outlook Neg.
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Promotora De
Informaciones S.A. (Prisa) to 'CC' from 'CCC+'.

S&P said, "The negative outlook indicates that we expect to lower
the ratings on Prisa to 'SD' when the proposed debt restructuring
is completed. Upon implementation of the restructuring, we expect
to review the rating, the company's new capital structure, and its
liquidity position.

"In our view, Prisa's proposed refinancing transaction is
distressed and, upon implementation, would prompt us to lower the
rating on the group to 'SD' (selective default).

"Prisa announced on Feb. 28, 2022 that it had reached an agreement
with its lenders to restructure its debt. In our view, the
transaction is distressed in line with our criteria because Prisa's
current capital structure is unsustainable and, absent the proposed
refinancing, the group will have very limited headroom under the
financial covenants at Dec. 31, 2023. We also think the proposed
refinancing will result in investors receiving less than initially
promised in the original loans contract due to lower overall
interest rates offered. At the same time, we understand lenders are
being offered the option to reduce their exposure by electing to
receive a repayment in cash at par and not participate in the
proposed junior debt tranche." In particular, S&P takes into
consideration the following:

-- Under the proposed transaction, Prisa will refinance the EUR225
million super senior secured debt due in 2024 with a EUR159 million
term loan and EUR80 million revolving credit facility (RCF) due in
June 30, 2026, which S&P understands is already 100% underwritten.
S&P understands the EUR80 million RCF will be undrawn at closing.

-- Prisa will re-tranche the EUR750 million senior secured
syndicated loan due 2025 into: (i) EUR569 million senior secured
loan due Dec. 31, 2026 and (ii) EUR181 million junior loan due June
30, 2027.

-- S&P understands current senior secured lenders will participate
pro rata in the new senior debt and have the option to participate
pro rata in the junior debt or receive a repayment in cash at
par--including accrued paid-in-kind (PIK) interest.

-- S&P views the compensation for the proposed amendments and
extension of the maturity of the senior secured debt as
insufficient. As per the proposed documentation, the overall
interest on the new debt, including the cash and PIK components,
will be lower, essentially meaning the lenders will receive less
than the originally promised yield. In 2022, there will be a
marginal 0.75% cash interest uplift, but a reduction of 1.5% PIK.
In subsequent years (starting from 2023), lenders will obtain only
a 0.25% cash uplift and a reduction of 3% PIK, per year. S&P notes
the proposed early consent fee is of 0.75% PIK if adhering to the
refinancing during the period.

-- On the super senior debt, overall interest will reduce by 1% to
Euribor plus 5%, although S&P notes lenders will receive more cash
component upfront, as well as a 1% original issue discount. Absent
the restructuring, lenders would have received 3% cash and 3% PIK
in 2022, 4% cash and 2% PIK in 2023, and 5% cash and 1% PIK
subsequently.

-- In addition, S&P notes that Prisa will have the ability to
repay the junior debt ahead of the super senior and senior debt
subject to certain conditions, which could distort the debt ranking
for the lenders. These conditions include: (i) pro forma net senior
leverage at the time of the repayment and in the following four
financial quarters to be equal or less than 6x; and (ii) where the
repayment is made from disposal proceeds and/or excess cash, the
group having available liquidity of at least EUR150 million as of
the time of the repayment.

Subject to consents and approvals needed to complete the
transaction, the proposed agreement will also include the following
terms:

-- A reset of covenants, which the group would have otherwise
breached by 2023. S&P understands this would include a minimum
liquidity test up to September 2023 that Prisa would have to meet
after the refinancing is complete. Subsequently, there will be net
leverage and debt service coverage covenants to be tested
quarterly, which we assume will be set at levels such that the
group will have adequate headroom above 15%;

-- A new mergers and acquisitions basket of up to EUR135 million
pari passu to new senior debt if the acquisition is within a
pre-approved list or any debt for acquisitions outside that list
provided the pro forma net debt to EBITDA ratio is below 7.0x; and

-- Disposal proceeds subject to a EUR75 million reinvestment
basket, within 18 months of receipt of proceeds.

The proposed transaction should alleviate short-term liquidity and
covenant pressure. S&P said, "Following the transaction, we expect
Prisa's liquidity will improve, with about EUR170 million of cash
on balance as of Dec. 31, 2021 and EUR80 million undrawn under the
super senior revolving credit facilities, sufficient to cover its
working capital and capital expenditure needs over the next 12
months. The new capital structure will reduce its interest costs
and improve its free cash flow generation. It will also provide
flexibility to reduce leverage if Prisa completes asset sales and
repays the junior debt tranche. We note, however, that Prisa is
exposed to foreign currency exchange risks and heightened market
volatility in Latin America, given the majority of its debt is
denominated in euros while it generates most of its cash flows in
Latin America. If the proposed transaction does not complete as
planned, or the lenders do not grant a covenant waiver, we think
Prisa will have limited ability to meet its leverage covenant by
the Dec. 31, 2023 test date."

S&P said, "The negative outlook indicates that we expect to lower
the ratings on Prisa to 'SD' when the proposed debt restructuring
is completed. Subsequently, upon implementation of the
restructuring, we will review the rating, the company's new capital
structure, and its liquidity position.

"We will lower our long-term issuer credit rating on Prisa to 'SD'
upon completion of the restructuring as currently proposed.

"Although unlikely at this time, we could take a positive rating
action on Prisa if it proposed a refinancing transaction that
offered a more adequate compensation to its creditors for the
extension of their debt maturities. This would also hinge on our
view that a default was no longer a virtual certainty, due to
liquidity support or a waiver of covenants, for example."

ESG credit indicators: E-2, S-3, G-2




=============
U K R A I N E
=============

[*] UKRAINE: Central Bank Opts to Retain Main Interest Rate
-----------------------------------------------------------
Natalia Zinets at Reuters reports that Ukraine's central bank
decided to postpone a review of its main interest rate and keep it
unchanged at 10.0% on March 3 in an effort to maintain financial
stability and the smooth operation of the banking system amid the
Russian invasion.

It said the bank remained committed to its inflation targeting
regime but in the current conditions, with forced administrative
restrictions in place, market-based monetary instruments such as
the key policy rate no longer play a significant role, Reuters
relates.

"With this in mind, the central bank has postponed its key policy
rate decision. The key policy rate will therefore stay unchanged at
10%," Reuters quotes the country as saying in a statement.


[*] UKRAINE: Raises US$270MM to Help Fund War, Bonds Hit New Lows
-----------------------------------------------------------------
Alexander Saeedy at The Wall Street Journal reports that bonds
issued by the Ukrainian government hit new lows Wednesday, March 2,
despite assurances from foreign governments and global institutions
that they would continue to buttress Ukraine's wartime finances.

On Wednesday, March 2, a Ukrainian government bond coming due in
September was quoted between 36 and 40 cents on the dollar, down
from 65 cents on Friday, Feb. 25, according to data from FactSet,
the Journal relates.  A 2033 bond was quoted between 23 to 26 cents
on the dollar Wednesday, March 2, down from 45 cents Friday, Feb.
25, the Journal notes.

According to the Journal, news that Russian forces, frustrated in
their plans for a quick victory, shifted to a strategy of pummeling
civilian areas in an attempt to demoralize Ukrainian resistance has
brought anxiety over the outnumbered Ukrainian military back into
focus.

"There was an initial optimism that the Ukrainians were winning the
war, but now there's nervousness that Putin is doubling down on his
war tactics, and it's adding to the uncertainty," the Journal
quotes Timothy Ash, senior sovereign strategist for emerging
markets at BlueBay Asset Management in London, as saying.

Mr. Ash, as cited by the Journal, said bondholders might also be
concerned about the implications of a regime change in Kyiv if
Russian forces captured the city and installed a new government.

He added that in that event, sanctions that now apply to Russia
could be extended to a Moscow-friendly government in Ukraine,
complicating international creditors' ability to receive principal
and interest payments, the Journal relates.

However, some investors have been buying Ukraine's debt as prices
have touched deeply discounted levels, betting that its government
will ultimately ride out the conflict, the Journal discloses.

Despite the military conflict, Ukraine still has access to
financial markets, and raised US$270 million Tuesday, March 1, to
help fund its war efforts, according to the Journal.  Government
officials also told its foreign bondholders it would continue
making bond payments throughout the war, the Journal relays.

Additionally, a number of global institutions fleshed out pledges
of financial support to the government, the Journal says. On
Tuesday, March 1, the World Bank said it was readying a US$350
million facility that could be disbursed within days as part of a
broader US$3 billion package, the Journal notes.  The International
Monetary Fund has said it was responding to Ukraine's request for a
rapid financing instrument, which analysts say could give the
country access to roughly US$1.4 billion in funds, according to the
Journal.

Last month, the United States said it would guarantee up to US$1
billion in debt raised by the Ukrainian government, while the
European Union agreed to send EUR1.2 billion (US$1.34 billion) in
direct financial assistance, the Journal recounts.




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

CORBIN & KING: Court Tosses Creditor Challenge Against Moratorium
-----------------------------------------------------------------
James Hillman, Senior Associate at Pinsent Masons, disclosed that
the High Court has dismissed a challenge brought by a secured
creditor against the monitors' refusal to terminate a moratorium
that was preventing the secured creditor from taking enforcement
action in relation to an unpaid loan.  The court considered that
the monitors tasked with overseeing the moratorium had been
justified in considering that the secured creditor's loan was able
to be repaid.

The ruling gives guidance on the new moratorium introduced by the
Corporate Insolvency and Governance Act 2020.

   * Monitors had been appointed to various companies in the Corbin
& King restaurant group that had each entered into a moratorium
under Part A1 of the Insolvency Act 1986;

   * The moratorium is a new insolvency procedure intended to give
struggling businesses a temporary breathing space to implement a
rescue plan;

   * A secured creditor applied to the court for orders terminating
the moratoria on the basis that the failure of the monitors to
terminate the moratoria had unfairly harmed its interests, but its
application was refused;

   * Minor Hotel Group MEA DMCC v Dymant & Anor [2022] EWHC 340
(Ch)

Moratorium process

The Corporate Insolvency and Governance Act 2020 introduced a
moratorium process that was intended to give struggling businesses
a temporary breathing space to implement a rescue plan.  During the
period of the moratorium no legal action can be taken against the
company without the court's permission.  The moratorium is overseen
by an insolvency practitioner appointed as "monitor".

While the moratorium process provides the company with a payment
holiday from various types of debts, one type of debt from which
there is no payment holiday is a debt arising under a contract
involving financial services, which includes most commercial
lending arrangements.  There is also no restriction on a lender
accelerating the borrower's payment obligations in a moratorium
process.  If a monitor thinks that the borrower is unable to pay
such debts to its lender then the monitor must bring the moratorium
process to an end.

During the passage of the Bill through parliament, some
commentators felt that these aspects negated many of the benefits
of the moratorium process and that they would allow a lender to
bring a moratorium to an abrupt end by accelerating the borrower's
liabilities under the loan agreement in the knowledge that the
borrower would be unable to pay.  However, the government
maintained these provisions on the basis that it did not want to
discourage lenders from lending to companies in financial
difficulty.  It was thought that the support of a company's lenders
was therefore a pre-requisite to a successful moratorium process.

The case

The Corbin & King group operates nine restaurants in England.

The ultimate holding company in the Corbin & King group (the parent
company) was funded by a secured lender through two loan facilities
(the loan), the second of which included acceleration provisions.
The loan was guaranteed by two intermediate holding companies and
eight operating or 'asset owning' restaurant businesses within the
group (the OpCos).  Those guarantees were secured by a debenture
granted by each of the operating companies to the lender.

The parent company did not repay the loan when it fell due and the
lender made demand for repayment.  As soon as this demand was made,
an offer was received from an investment fund to acquire the
interests in the parent and the OpCos for a sum equal to the amount
of the loan.  However, this offer was refused.

On January 20, 2022, each of the OpCos entered into a moratorium
process and, the following day, the lender made demand of each of
the OpCos under their guarantees.  This made the OpCos immediately
liable to pay approximately GBP34 million to the lender.

On January 25, 2022, the lender appointed administrators over the
parent.

The following day the fund made an offer to the administrators of
the parent to buy the parent's interests in the OpCos for a sum at
least equal to the outstanding group debt.  When the lender learned
of this offer, it notified the administrators that if they accepted
the offer, it would bring claims against the administrators
personally.

On January 28, 2022, the lender applied to the court for orders
terminating the moratoria of the OpCos on the basis that the
failure of the monitors to terminate the moratoria had unfairly
harmed its interests.

On February 3, 2022, the fund revised its offer such that it
consisted of a time-limited cash offer of GBP45 million for the
parent's interests in the OpCos and, crucially, a separate interim
funding arrangement under which the fund would refinance the loan
which would allow the OpCos' payment obligations under the
guarantees in favour of the lender to be released.

On February 4, 2022, the court hearing of the lender's application
took place.

The court's decision

The monitors did not terminate the moratoria because they thought
that the OpCos were able to pay the debts due to the lender under
the guarantees.  The test applied by the court was whether such
'thinking' was in bad faith or produced a result that was clearly
perverse in the sense that no reasonable monitor could have reached
it and was therefore irrational.

It was agreed by the parties that there was no bad faith on the
part of the monitors, but the lender argued that the monitors'
thinking was irrational.

In deciding whether the OpCos were able to pay, the court said that
a flexible and commercially realistic approach should be adopted
taking into account the circumstances as a whole, including the
prospect that the fund's offers could allow the parent to repay the
loan and therefore release the OpCos of their debts under the
guarantees.

The court said that the OpCos would be considered able to pay their
debts under the guarantees if one of three scenarios applied:

   * they had the cash resources available to do so;

   * they owned sufficient assets capable of immediate
realisations; or

   * they had the immediate prospect of receiving sufficient third
party funds.

The meaning of "immediate" was a matter of commercial judgment for
the monitors bearing in mind that anything in excess of five
business days requires specific assessment under the Act.

Neither of the first two scenarios applied to the OpCos because
they did not have the required cash or other assets so it came down
to whether there was an immediate prospect of them receiving
sufficient third party funds.

The court said that the offer by the fund to buy the parent's
interests in the OpCos did not create an immediate prospect of the
OpCos receiving third party funds because the administrators could
not immediately accept such an offer as they would first need to
conduct a marketing exercise and open sale, which would take time.

However, the revised offer made by the fund on February 3, 2022, of
immediately available interim funding sufficient to refinance the
loan did offer the prospect of the immediate receipt by the parent
of funds sufficient to repay the loan which would release the OpCos
of their debts under the guarantees.  In light of that, the court
said that it was justifiable for this offer to lead the monitors to
think that the loan would be repaid.

The court retains discretion in relation to whether it should
terminate a moratorium.  In this case, the court considered the
harm suffered by the lender, as creditor, to be less significant
than the harm suffered by the OpCos if the moratoria were to be
lifted and the OpCos were to enter into insolvency processes given,
firstly, that each OpCo was trading successfully, and secondly that
there was an immediate prospect of their guarantee liabilities
being released.

The lender's application was dismissed and, subsequently, the loan
was successfully refinanced with the OpCos being rescued as going
concerns.

Learning points

This case shows that the court is ready to give a degree of
latitude to monitors in their decision making, particularly in
fast-moving situations such as this one, and that there is a
reluctance to allow a creditor to take enforcement action against a
borrower when there is the prospect of a solvent solution for the
debtor in the short-term.  The case also provides useful guidance
for monitors on how they should exercise their judgment in a
scenario where a commercial lender seeks the termination of a
moratorium but the monitor considers there to be a prospect of
payment of the pre-moratorium debt in the short term.

To date there has been limited use of the moratorium procedure, in
large part because it was unnecessary for many companies to do so
in light of the significant restrictions that were placed on
creditors as a result of the Covid-19 pandemic.  As those
restrictions near an end and in light of this favourable decision
to monitors, it is expected to see an increase in the number of
moratoriums.  These may be used as a precursor to a sale or
refinancing outside of a process as happened with the OpCos.
Alternatively, the moratorium may be used as a precursor to a
company voluntary arrangement or restructuring plan.


DERBY COUNTY FOOTBALL: Liquidation Threat Looming, EFL Says
-----------------------------------------------------------
Ben Husband at Mirror reports that "[t]he very future of Derby
County Football Club" remains under threat, the EFL have admitted
as the wait to provide evidence of funding goes on.

The Championship crisis club have now been in administration for
five months, with their relegation to League One looking a
near-certainty, Mirror notes.

But the threat of the club, formed in 1884, going into liquidation
remains a looming one, according to the latest update from the
football league, Mirror relates.

According to Mirror, the EFL claim that they have heard no updates
from Derby's administrators, Quantuma, in regards to potential
buyers or proof they can fulfil their fixtures for the remainder of
the campaign.

Quantuma's latest public update claimed they were "currently
considering bids for the club, following deadlines set for offers
at the end of last week, Mirror states.

"Further requests for clarity from prospective purchasers have been
sought and we hope to be able to name the preferred bidder
shortly.

"We are aware that everyone connected to the club wants to see its
future resolved as soon as possible. Our duty is to ensure we
secure the best long-term outcome for Derby County and we are
working hard to achieve this objective."

But in response, the EFL have said they are still yet to hear
anything following an "urgent request" which was lodged at the
start of last week, according to Mirror.

"The EFL notes the statement issued today by Quantuma (Derby County
Administrators) but remains deeply concerned at the lack of any
form of substantial progress in respect of the outstanding matters
affecting the Club," the statement reads.

"Despite requesting an update almost 48 hours ago, there has been
no communication from the Administrators with correspondence and
calls from the EFL going unanswered.

"As a result, the EFL still has no further information on the
preferred bidder status or evidence of funding until the end of the
season and has advised the Administrators that the lack of progress
on these two critical issues, amongst others, is threatening the
very future of Derby County Football Club.

"The EFL has once again written to the Administrators requesting an
immediate response to its questions so that the necessary and
outstanding clarification is provided, not only for the League, but
also for the benefit of the Club's other stakeholders, including
its supporters and the local community."

Derby County FC were placed into administration by former owner Mel
Morris last September, with Derby subsequently deducted 21 points
after admitting breaches of EFL financial regulations, Mirror
recounts.

               About Derby County Football Club

Founded in 1884, Derby County Football Club is a professional
association football club based in Derby, Derbyshire, England.  The
club competes in the English Football League Championship  (EFL,
the 'Championship'), the second tier of English football.  The team
gets its nickname, The Rams, to show tribute to its links with the
First Regiment of Derby Militia, which took a ram as its mascot.
Mel Morris is the owner while Wayne Rooney is the manager of the
club.  

On Sept. 22, 2021, the club went into administration.  The EFL
sanctioned a 12-point deduction on the club, putting the team at
the bottom of the Championship.  Andrew Hosking, Carl Jackson and
Andrew Andronikou, managing directors at business advisory firm
Quantuma, had been appointed joint administrators to the club.


FARRAR: JCT Insolvency Ruling Applicable to Other Contracts
-----------------------------------------------------------
James Ladner, Legal Director at Pinsent Mansons, on March 4
disclosed that an English High Court ruling in an insolvency case
concerning a Joint Contracts Tribunal (JCT) Minor Works contract
(2011) could apply to other standard form contracts in the same
suite, a legal expert has said.

An English High Court ruling in an insolvency case concerning a
Joint Contracts Tribunal (JCT) Minor Works contract (2011) could
apply to other standard form contracts in the same suite, a legal
expert has said.

James Ladner, construction law expert at Pinsent Masons, said the
decision in Levi Solicitors LLP v David Frederick Wilson and JKR
Property Development Ltd that there was no strict time limit for
serving a statement of account after a contractor's default was
likely applicable to other contracts in the JCT suite.

It comes after Levi, a major creditor of Farrar Construction Ltd,
challenged a proof of debt submitted by JKR, another creditor, when
Farrar entered into a company voluntary arrangement (CVA) due to
insolvency.  Levi claimed that the CVA supervisor, David Wilson,
was wrong to have admitted JKR's proof of debt.

As regards the JCT suite, the case centred around the procedure for
calculating sums due between the parties under the contract
following an 'at fault' determination of the contractor's
employment. At fault means termination as result of default,
insolvency or corruption on the part of the contractor. Levi argued
that JKR's claim for repayment was based on a statement of account
that had been delivered after the end of the three-month window
stipulated by the procedure in clause 6.7.3 of the contract. Levi
contended that the three-month period was a condition precedent to
entitlement requiring strict compliance in order for the statement,
which determined who owed what, to be valid.

Handing down his decision, Mr Justice Fancourt found that JKR's
proof of debt for GBP128,921.70 was correctly accepted by Wilson
and for the purposes of the CVA. He said that, where a creditor
challenges the proof of debt of another creditor in a CVA, the
burden of proof is on the creditor who submitted the proof to show
that it is established, not on the creditor challenging it. The
court noted that there was no previous authority for this 'creditor
vs creditor' challenge.

Mr Justice Fancourt also found that the operation of the interim
payment process set out in clauses 4.3-4.8 of the JCT minor works
contract was replaced automatically by the payment provisions in
clause 6.7.3 upon Farrar becoming insolvent.

On the clause Levi claimed was a condition precedent, the judge
held that the three-month timescale for repayment claims specified
in clause 6.7.3 was not a "strict" deadline.  Instead, it set the
date after which the contractor could take advantage of the
contractual dispute resolution procedure to ensure that the
financial position was finalised.  It meant JKR could pursue Farrar
for the money it was owed at any time before the expiry of the
relevant limitation period.

Ladner said: "Although determined as part of insolvency
proceedings, the court very sensibly decided that the right to
serve a statement of account under clause 6.7.3 following a
contractor's default, corruption or insolvency 'within three
months' of the given date was not a strict time limit. Instead, Mr
Justice Fancourt held that the employer could still validly issue a
statement of that account at a later time."   

"While the decision concerned the JCT Minor Works contract, the
court's logic could equally apply across other JCT contracts in
both the 2011 and 2016 editions -- including the popular JCT Design
and Build 2016 contract, which features similar provisions and
wording at clause 8.7.4," Ladner added.


THG HOLDINGS: Fitch Alters Outlook on 'B+' LT IDR to Stable
-----------------------------------------------------------
Fitch Ratings has revised the Outlook on THG Holdings Plc's (THG)
Long-Term Issuer Default Rating (IDR) to Stable from Positive and
affirmed the IDR at 'B+'. Fitch has also affirmed THG Operations
Holdings Limited's EUR600 million term loan B (TLB) at
'BB-'/'RR3'.

The revision of the Outlook to Stable reflects Fitch's concerns
related to material cost challenges, mainly renewed logistics,
energy and raw material prices. Fitch expects increased competition
as trading conditions normalise post-pandemic. At the same time
further cost pressures will drive continuing profit margin softness
in 2022, before improving next year, as well as negative free cash
flow (FCF) due to substantial investments.

The rating affirmation reflects THG's strong sales performance
throughout the pandemic, both organically and driven by bolt-on
acquisitions, especially in beauty. THG has completed a number of
bolt-on acquisitions (mainly equity-funded) in 2021, and Fitch
expects total debt/EBITDA leverage to trend below 5.0x in 2022
(from 6.8x in 2020), which is more aligned with the rating. This
depends on the trend in profitability, which is relatively
uncertain over the coming months, thus delaying positive rating
momentum to 2023/2024.

KEY RATING DRIVERS

Solid Sales Performance to Continue: THG's organic revenue growth
accelerated during lockdowns, benefiting from a channel shift for
consumer purchases and supportive trends for wellness products. As
trading conditions normalise post-pandemic, and disposable incomes
dwindle due to high inflation, Fitch expects increased competition;
however, the management will prioritise sales growth, acknowledging
THG's still moderate scale relative to peers, possibly at the
expense of margins.

Unlike pre-pandemic, when THG Ingenuity (the group's tool to
facilitate ecommerce) was in its ramp-up phase, Fitch expects this
profitable division to continue to grow fast, thus pushing group
profit margins higher.

Costs Challenges: Profitability in 2021 will be hampered by high
freight costs, raw materials prices (particularly whey protein) and
labour costs that will depress Fitch's 2021 and 2022 EBITDA
calculation. Managing high distribution and other costs, and the
ability to pass through inflationary costs in the near term, will
be crucial to THG's margin trend and its deleveraging prospects.
Fitch expects global air traffic to remain depressed relative to
pre-Covid-19 levels well into 2022. Fitch also expects profits from
high volumes and sales growth rates to continue to subsidise new
customer acquisition costs.

Opportunity to Accelerate Deleveraging: The IPO proceeds from 2020
and 2021 have been primarily used to fund value-accretive
acquisitions without incurring further debt, complementing the high
organic growth capabilities of the current portfolio of products
and services. Subject to acquisition parameters remaining
conservative and in line with recent transactions, funds from
operations (FFO) leverage could move below 4.0x and FFO interest
cover above 4.0x by 2023 under Fitch's own estimates, reflecting
strong credit metrics for the rating.

Our forecasts assume continuing solid liquidity profile with no
need to raise additional funds through to at least 2024.

Execution Risks Remain: Aside from capex considerations, positive
FCF (hence future deleveraging) remains contingent on the
stabilisation of the EBITDA margin back towards the level of 2019
(Fitch-defined at 7.4%), which Fitch currently does not expect to
materialise by 2024 due to high cost inflation and rising
competition despite Fitch's forecasts of dynamic sales growth (CAGR
of 14% between 2022-2024). THG's FCF generation, though still
negative, is likely to improve towards -1% to -2% by 2023, as capex
investments made to improve warehousing capacity and platform
development costs drive scale.

Developing Business Position: THG's established position in the
beauty (Lookfantastic.com) and wellbeing (Myprotein) consumer
markets supports Fitch's view of a robust business model,
underpinned by moderate geographic diversification and increasing
penetration of markets outside the UK and Europe.

THG's in-house "Ingenuity" platform and owned infrastructure are
high barriers to new entrants. This end-to-end supply chain reaches
a global online audience, which is available to third parties,
including global FMCG groups providing tailored direct-to-consumer
(D2C) solutions, with high levels of customer retention reflecting
THG's strong in-house capabilities. This is a key point of
difference as the pandemic has shifted retailers' focus to the
digital side of their businesses.

Post-IPO Financial Policy: THG's medium-term financial policy is
based on leverage (debt/EBITDA) under 3.0x and between 1.5x-2.0x on
a gross and net basis, respectively. Such leverage, in combination
with other factors, would be commensurate with a higher rating in
the 'BB' category.

Fitch believes that debt-funded M&A is not part of the management's
financial policy, despite some flexibility in the existing
financing documentation permitting incremental debt. On the
contrary, Fitch does not expect any material M&A in 2022, as the
company focuses on integrating existing acquisitions made in 2021,
driving greater organic growth in its core segments, and improving
scale in its Ingenuity business.

Opportunistic Business Reconfiguration: THG is pursuing strategic
transactions with its beauty division (about 50% of 2022 sales) and
Ingenuity to maximise long-term shareholder value. While SoftBank's
call option to acquire 20% of Ingenuity looks out-of-the-money
currently, the group is keen to proceed with a planned separation
of beauty, which may lead to an eventual sale, demerger or
partnership arrangement.

The sale of a material division would trigger a partial or full
repayment of the TLB, yet any transformative deals cast doubt as to
how proceeds would be applied (new M&A, shareholder distributions),
and what cash flow will be available to service THG's remaining
debts.

DERIVATION SUMMARY

Fitch rates THG according to the framework laid out in its Consumer
Products: Ratings Navigator Companion. Fitch recognises THG's
retailing and business service offerings, but the group's business
model is underpinned by an end-to-end supply chain that aligns its
business model most closely with Fitch's consumer framework.

THG's IDR (B+/Stable) compares well with beauty seller Oriflame
Investment Holding Plc (B+/Stable). Oriflame's more profitable
operations and envisaged positive FCF, despite sizeable
foreign-exchange risks, are balanced against THG's greater
diversification of revenue streams and online D2C channel presence.
THG's business model is well placed to capture the continuing
transition of consumers to online channels providing a stronger
ability to deleverage relative to Oriflame.

Compared with Natura &Co Holding S.A. and Avon Products, Inc. (part
of the same group and rated 'BB'/Positive), the rating differential
with THG reflects the significantly larger scale of Natura's
operations, synergies from Avon's acquisition and the
revitalisation of its product portfolio and its digitalisation
plan. The group's low leverage due to equity issuance is reflected
in the Positive Outlook.

The one-notch difference between THG and Sunshine Luxembourg VII
SARL (B/Negative) - the vehicle used by private equity firm EQT to
acquire Nestle's Skin Health Division (Galderma) - captures the
delay in deleveraging away from the high opening leverage (post
carve-out) despite its significantly larger product offering and
scale relative to THG. Non-food retailer The Very Group Limited
(TVG; B-/Positive) is rated two notches below THG due to its
geographical concentration in the UK. TVG has also had strong
growth recently due to its purely online operations, complemented
by solid in-house consumer finance offering.

THG's IDR is positioned at the same level as Ocado Group Plc's
(B+/Stable) despite THG's stronger financial metrics. This is given
Ocado's accelerated transition from a pure UK online food retailer
to an international technology and business services provider with
a significant proportion of long-term contracted earnings. For both
credits, revenue growth will be underpinned by the increasing
preference of consumers to shop online, but there is greater
exposure to the online retail channel, including greater inventory
risk, at THG. Ocado's rating is influenced by risks associated with
the timely delivery of technology to the company's retail partners.
This requires significant up-front capex, which will likely delay
profit break-even for a few years, offset by a solid liquidity
position.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

-- High organic growth from the company's existing product
    portfolio supplemented by acquired revenue (full effect in
    2022), with a CAGR of about 19% between 2021 and 2024;

-- Fitch-adjusted EBITDA margin improving towards 6% by 2024
    (2020: 4.8%);

-- Operating exceptional costs in the range of GBP65 million to
    GBP50 million in 2021 and 2022, respectively, declining
    towards GBP20 million by 2024; these are partly reflected in
    EBITDA or above FFO line;

-- Some working capital outflows in 2021, followed by broadly
    neutral flows through to 2024;

-- Capex declining towards 6.0% in 2024 from about 9.2% of sales
    in 2021;

-- M&A spending of about GBP770 million in 2021, mostly
    reflecting the acquisition of Cult Beauty and Bentley, with no
    additional M&A from 2022 onwards;

-- No dividend payments over the rating horizon.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that THG would be restructured as a
going concern (GC) rather than liquidated in a default.

THG's post-restructuring GC EBITDA reflects Fitch's view of a
sustainable EBITDA of about GBP95 million, which is a 14% discount
to Fitch-defined 2022 EBITDA forecast of GBP111 million. Fitch's GC
EBITDA includes a conservative estimate of EBITDA contribution from
the acquisitions of Cult Beauty, among others, in 2021. The stress
on EBITDA would most likely result from operational issues likely
perpetuated by lower growth and weaker margins than currently
envisaged in the beauty and wellbeing divisions.

Fitch applies a distressed enterprise value (EV)/EBITDA multiple of
5.5x to calculate a GC EV, reflecting THG's growing position in
both beauty and wellbeing D2C channels, underpinned by internally
developed intellectual property.

Based on the payment waterfall, the multi-currency revolving credit
facility (RCF) of GBP170 million equivalent (assumed to be fully
drawn in default) ranks pari passu with the senior secured TLB
totalling EUR600 million.

After deducting 10% for administrative claims, Fitch's waterfall
analysis generates a ranked recovery for the senior secured loans
in the 'RR3' band, indicating a 'BB-' instrument rating - one notch
above the IDR. The waterfall-generated recovery computation (WGRC)
analysis on current metrics and assumptions is 69% up from 59%,
indicative of the inclusion of recently acquired (and
equity-financed) acquisitions in 2021.

RATING SENSITIVITIES

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

-- Dynamic sales progression showing increased scale, solid
    pricing power, along with stable cost base and/or ability to
    conduct bolt-on acquisitions of brands driving EBITDA margins
    (Fitch-defined) towards 8%, excluding add-backs;

-- Total debt/operating EBITDA below 4.0x, or FFO gross leverage
    sustainably below 4.5x;

-- Operating EBITDA to interest paid above 4.5x, or FFO interest
    coverage above 4.0x;

-- Enhanced financial flexibility shown by solid liquidity and
    visibility that FCF margin would turn break-even (after
    factoring maintenance and developmental capex).

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

-- More aggressive financial policy or operating underperformance
    leading to a lack of deleveraging with total debt/operating
    EBITDA staying above 5.5x, or FFO gross leverage above 6.0x
    beyond 2022;

-- Operating EBITDA/interest paid below 3.0x, or FFO interest
    coverage below 2.5x for two consecutive years;

-- Increased competition and/or delay to or failure in
    integration of bolt-on acquisition of brands leading to EBITDA
    margin (Fitch-defined) sustainably below 7%; and

-- FCF margin consistently negative (below minus 2%) eroding
    liquidity buffer by 2024.

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

Comfortable Liquidity: Fitch expects THG to continue operating with
cash on balance sheet equivalent to at least 1.0x EBITDA at all
times from 2021 through to 2024, which, along with access to a
fully undrawn RCF of GBP170 million, provides comfortable liquidity
given the lack of meaningful debt repayments through to at least
2026.

In Fitch's liquidity calculations, Fitch treats GBP40 million of
cash as restricted, reflecting limited intra-year working-capital
swings and the rapidly increasing business scale.

ISSUER PROFILE

THG is a D2C online seller of wellness and beauty products, selling
a mix of third-party and own brands through its various websites.
THG's integrated supply chain includes the group's manufacturing of
its own brands, as well as leveraging its logistics network.
Underpinning the group's activities is the Ingenuity platform
(end-to-end supply chain), which is also available to third parties
providing e-commerce solutions.

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.

TOWD POINT 2019-VANTAGE2: DBRS Hikes Class F Notes Rating to BB
---------------------------------------------------------------
DBRS Ratings Limited took the following rating actions on the notes
issued by Towd Point Mortgage Funding 2019-Vantage2 Plc (the
Issuer):

-- Class A notes confirmed at AAA (sf)
-- Class B notes upgraded to AA (sf) from AA (low) (sf)
-- Class C notes upgraded to A (sf) from A (low) (sf)
-- Class D notes upgraded to A (low) (sf) from BBB (sf)
-- Class E notes upgraded to BB (high) (sf) from BB (sf)
-- Class F notes upgraded to BB (sf) from B (sf)

The rating of the Class A notes addresses the timely payment of
interest and the full payment of principal by the legal final
maturity date in February 2054. The rating of the Class B notes
addresses the ultimate payment of interest and principal, and the
timely payment of interest while the senior-most class outstanding.
The ratings of the Class C, Class D, Class E, and Class F notes
address the ultimate payment of interest and principal on or before
the legal final maturity date.

Additionally, DBRS Morningstar removed the Under Review with
Positive Implications (UR-Pos.) status of the Class B, Class C,
Class D, Class E, and Class F notes.

These rating actions are the result of an entire review of the
transaction following the finalization of DBRS Morningstar's
updated "European RMBS Insight: UK Addendum" methodology (the
Methodology) on October 27, 2021. The Methodology presents the
criteria under which UK RMBS ratings and, where relevant, UK
covered bonds ratings are assigned and/or monitored.

The changes to the Methodology include revisions to the loan
scoring approach, delinquency migration matrices, and loss given
default floors, as well as updates to house price indexation and
market value decline rates through the first quarter of 2020.

Along with the material changes introduced by the Methodology, the
rating actions are based on the following analytical
considerations:

-- Portfolio performance, in terms of delinquencies, defaults, and
losses.

-- Portfolio default rate (PD), loss given default (LGD), and
expected loss assumptions on the remaining receivables.

-- Current available credit enhancement to the notes to cover the
expected losses at their respective rating levels.

-- Current economic environment and an assessment of sustainable
performance, as a result of the Coronavirus Disease (COVID-19)
pandemic.

The Issuer is a securitization of UK residential mortgages
originated by various lenders that are no longer active in the
market (GE Money Home Lending Limited, First National Bank plc, and
Igroup Limited). The mortgages were acquired by Cerberus European
Residential Holdings B.V. from Promontoria (Vantage) Limited, which
originally acquired them from the originators. The mortgages were
previously securitized in Towd Point Mortgage Funding 2016-Vantage1
Plc. The mortgage portfolio was originally serviced by Pepper (UK)
Limited as an interim servicer until Capital Home Loans Limited
took over the servicing responsibilities in November 2019.

PORTFOLIO PERFORMANCE

As of November 2021, loans two to three months in arrears
represented 3.9% of the outstanding portfolio balance and loans at
least three months in arrears represented 30.9% of the outstanding
portfolio balance. Cumulative losses were 0.2%.

PORTFOLIO ASSUMPTIONS AND KEY DRIVERS

DBRS Morningstar conducted a loan-by-loan analysis of the remaining
pool of receivables and has updated its base case PD and LGD
assumptions to 33.8% and 16.0%, respectively.

CREDIT ENHANCEMENT

As of the November 2021 payment date, the credit enhancements
available to the Class A, Class B, Class C, Class D, Class E, and
Class F notes were 41.4%, 38.1%, 29.9%, 23.6%, 18.0%, and 14.5%,
respectively, up from 37.0%, 34.1%, 26.7%, 21.2%, 16.1% and 13.0%
12 months prior, respectively.

The transaction benefits from a Liquidity Facility, an amortizing
Class A Liquidity Reserve Fund, and an Excess Cash Flow Reserve
Fund (ECRF). The Liquidity Facility was established at closing,
provided by Wells Fargo Bank N.A., London Branch (privately rated
by DBRS Morningstar), and sized at 1.7% of the principal amount
outstanding of the Class A notes. The Liquidity Facility covers
senior fees and interest payments on the Class A notes up to the
Liquidity Facility Cancellation Date. The Class A Liquidity Reserve
Fund will cover senior fees and interest payments on the Class A
notes from the Liquidity Facility Replacement Date in November 2025
and will be funded by available principal and revenue receipts. It
will be amortizing and sized at 1.7% of the principal amount
outstanding of the Class A notes. The ECRF will be established from
the First Optional Redemption Date (November 2022) until the Class
B to Class F notes have been repaid in full and will be available
to pay interest due on the Class B to Class F notes. The ECRF will
be funded with available revenue receipts, and relevant amounts
will continue to be credited until the Class B to Class F notes are
no longer outstanding.

Elavon Financial Services DAC, U.K. Branch (Elavon) acts as the
account bank for the transaction. Based on the DBRS Morningstar
private rating of Elavon, the downgrade provisions outlined in the
transaction documents, and other mitigating factors inherent in the
transaction structure, DBRS Morningstar considers the risk arising
from the exposure to the account bank to be consistent with the
rating assigned to the Class A notes, as described in DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.

DBRS Morningstar analyzed the transaction structure in Intex
DealMaker.

The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an immediate economic contraction, leading in
some cases to increases in unemployment rates and income reductions
for many borrowers. DBRS Morningstar anticipates that delinquencies
may continue to increase in the coming months for many structured
finance transactions. The ratings are based on additional analysis
to expected performance as a result of the global efforts to
contain the spread of the coronavirus.

Notes: All figures are in British pound sterling unless otherwise
noted.




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

[*] BOND PRICING: For the Week February 28 to March 4, 2022
-----------------------------------------------------------
Issuer                   Coupon    Maturity   Currency  Price
------                   ------    --------   --------  -----

Korian SA                  0.875   03/06/2027    EUR    48.930
Mitsubishi UFJ Investor    3.928  12/15/2050     EUR    44.271
Korian SA                  1.875                 EUR    36.137
Banca Monte dei Paschi d   5.375   1/18/2028     EUR    72.211
Aggregate Holdings SA      6.875   11/09/2025    EUR    59.375
Casino Guichard Perracho   3.992                 EUR    54.780
Delivery Hero SE           2.125   03/10/2029    EUR    73.197
Casino Guichard Perracho   1.413                 EUR    28.781
Banca Monte dei Paschi d   8.000   1/22/2030     EUR    73.835
BAT International Financ   2.250   09/09/2052    GBP    61.542
Arrival SA                 3.500   12/01/2026    USD    66.587
United Kingdom Gilt        0.500  10/22/2061     GBP    74.789
NAK Naftogaz Ukraine via   7.625   11/08/2026    USD    74.849
Moby SpA                   7.750   2/15/2023     EUR    66.699
Carnival PLC               1.000  10/28/2029     EUR    74.867
Accor SA                   0.700   12/07/2027    EUR    50.880
PB International BV        7.625  12/31/2025     USD    52.250
Banca Monte dei Paschi d   8.500   09/10/2030    EUR    75.224
State of North Rhine-Wes   0.950   01/10/2121    EUR    68.143
Voltalia SA                1.000   1/13/2025     EUR    28.299
Global Fashion Group SA    1.250   3/15/2028     EUR    74.912
Paragon GmbH & Co KGaA     4.500   07/05/2022    EUR    51.779
Air France-KLM             0.125   3/25/2026     EUR    16.330
Mallinckrodt Internation   5.750   08/01/2022    USD    51.500
Rallye SA                  4.000   2/28/2030     EUR    16.985
Andrade Gutierrez Intern   9.500  12/30/2024     USD    53.000
MorphoSys AG               0.625  10/16/2025     EUR    73.595
Econocom Group SA/NV       0.500   03/06/2023    EUR     8.036
Union Fenosa Preferentes   1.067                 EUR    69.825
Fuerstenberg Capital II    5.625                 EUR    56.884
Ekosem-Agrar AG            7.500   08/01/2024    EUR    69.186
Rallye SA                  4.371   1/23/2023     EUR    17.518
Mallinckrodt Internation   5.625  10/15/2023     USD    52.938
Shell International Fina   1.750   09/10/2052    GBP    75.861
Nostrum Oil & Gas Financ   7.000   2/16/2025     USD    24.300
Pierre Et Vacances SA      2.000   04/01/2023    EUR    25.385
Offshore Drilling Holdin   8.375   9/20/2020     USD     5.000
Nostrum Oil & Gas Financ   8.000   7/25/2022     USD    27.167
Maisons du Monde SA        0.125   12/06/2023    EUR    47.418
Wirecard AG                0.500   09/11/2024    EUR    11.000
Senvion Holding GmbH       3.875  10/25/2022     EUR     0.799
Rallye SA                  5.250   02/01/2022    EUR    19.320
Orpea SA                   3.000  11/25/2041     EUR    71.974
Mallinckrodt Internation   4.750   4/15/2023     USD    41.000
Neoen SA                   1.875   10/07/2024    EUR    36.103
Aggregate Holdings SA      5.500   5/17/2024     EUR    57.780
Paragon GmbH & Co KGaA     4.000   4/23/2023     CHF    58.000
FF Group Finance Luxembo   1.750   07/03/2019    EUR     3.583
Intelsat Jackson Holding   8.500  10/15/2024     USD    45.500
Nexity SA                  0.250   03/02/2025    EUR    64.154
Intelsat Jackson Holding   5.500   08/01/2023    USD    42.750
Quadient SA                3.375                 EUR    57.545
HOCHDORF Holding AG        2.500                 CHF    52.769
Yell Bondco PLC            8.500   05/02/2023    GBP    69.786
Slovenia Government Bond   0.688   03/03/2081    EUR    68.390
Societe Du Grand Paris E   0.700  10/15/2060     EUR    75.878
Hylea Group SA             7.250   12/01/2022    EUR     6.000
Metro Bank PLC             5.500   6/26/2028     GBP    64.390
Intu Debenture PLC         5.562  12/31/2027     GBP    40.583
Mallinckrodt Internation   5.500   4/15/2025     USD    53.500
Intelsat Luxembourg SA     8.125   06/01/2023    USD     0.550
Neoen SA                   2.000   06/02/2025    EUR    47.392
Genfit                     3.500  10/16/2025     EUR    25.587
Basque Government          1.375  10/31/2070     EUR    69.483
Andrade Gutierrez Intern  11.000   8/20/2021     USD    57.560
FIGEAC-AERO                1.125  10/18/2022     EUR    22.283
EYEMAXX Real Estate AG     5.500   4/26/2023     EUR     4.937
Intelsat Jackson Holding   9.750   7/15/2025     USD    44.500
Intelsat Connect Finance   9.500   2/15/2023     USD    15.750
Rallye SA                  3.400   1/31/2022     EUR    19.251
Deutsche Lichtmiete AG     5.250   09/01/2025    EUR    13.250
Deutsche Lichtmiete AG     5.250   02/01/2027    EUR    14.000
Nexity SA                  0.875   4/19/2028     EUR    54.333
Turkey Government Bond    11.000   2/24/2027     TRY    68.550
Claranova SE               5.000   07/01/2023    EUR     1.090
Societe Nationale SNCF S   1.000   1/19/2061     EUR    76.251
Rallye SA                  3.250   02/08/2024    CHF    19.585
Travelex Financing PLC     8.000   5/15/2022     EUR     1.828
Rickmers Holding AG        8.875   06/11/2018    EUR     0.818
Scandinavian Airlines Sy   0.625                 CHF    19.450
Transcapitalbank JSC Via  10.000                 USD    68.500
EA Partners II BV          6.750   06/01/2021    USD     0.705
Deutsche Lichtmiete AG     5.750   12/01/2023    EUR    12.784
Hellenic Bank PCL         10.000                 EUR    58.021
Thomas Cook Group PLC      6.250   6/15/2022     EUR     0.510
O1 Properties Finance PL   0.500   9/27/2028     USD    11.769
Deutsche Lichtmiete Fina   5.750   01/01/2023    EUR    14.000
Pentracor GmbH             8.500   5/29/2025     EUR    22.000
Turkey Government Bond     8.000   03/12/2025    TRY    71.600
Debenhams PLC              5.250   7/15/2021     GBP     0.500
Virgolino de Oliveira Fi  11.750   02/09/2022    USD     0.010
Intelsat SA                4.500   6/15/2025     USD    15.000
Air Berlin PLC             6.750   05/09/2019    EUR     0.502
Koninklijke Luchtvaart M   0.750                 CHF    21.000
Banco Espirito Santo SA    7.125  11/28/2023     EUR     0.510
Lloyds Bank PLC            0.352   4/26/2033     USD    69.666
Rallye SA                  4.000  11/23/2020     CHF    14.360
Air Berlin PLC             8.250   4/19/2018     EUR     0.789
Galapagos Holding SA       7.000   6/15/2022     EUR     0.500
Lehman Brothers UK Capit   5.125                 EUR    35.000
Privatbank CJSC Via UK S  10.250   1/23/2018     USD     4.394
UkrLandFarming PLC        10.875   3/26/2018     USD     1.648
Bourbon Corp               8.305                 EUR     0.596
Fuerstenberg Capital Ers   1.020                 EUR    55.442
Immigon Portfolioabbau A   5.772                 EUR    12.030
DOF Subsea AS              8.810  11/27/2023     NOK    29.589
Hamon & CIE SA             3.300   1/31/2035     EUR    46.000
Intelsat Luxembourg SA     7.750   06/01/2021    USD     0.098
EYEMAXX Real Estate AG     5.500   9/24/2024     EUR     4.937
Hellenic Republic Govern   2.085   7/25/2057     EUR    43.458
Norddeutsche Landesbank-   7.490                 EUR    60.575
OGX Austria GmbH           8.500   06/01/2018    USD     0.002
PREOS Global Office Real   7.500   12/09/2024    EUR    66.000
EDOB Abwicklungs AG        7.500   04/01/2012    EUR     2.248
Officine Maccaferri-SpA    5.750   06/01/2021    EUR    17.334
Autonomous Community of    2.965   09/08/2039    JPY    67.336
Republic of Ireland Inte   1.200   4/15/2120     EUR    74.427
Thomas Cook Finance 2 PL   3.875   7/15/2023     EUR     0.538
Yuksel Insaat AS           9.500   11/10/2015    USD     0.102
Stichting Afwikkeling On   6.250  10/26/2020     EUR     5.375
International Industrial   9.000   07/06/2011    EUR     0.052
Virgolino de Oliveira Fi  10.500   1/28/2018     USD     0.715
Jain International Tradi   7.125   3/31/2026     USD    28.000
Alno AG                    8.500   5/14/2018     EUR    17.913
Green City Energy Kraftw   4.000  12/30/2026     EUR   109.484
EA Partners I BV           6.875   9/28/2020     USD     0.770
Societe Centrale des Boi   2.500   5/15/2023     EUR     6.880
Ziton A/S                  7.900   10/03/2022    EUR    70.000
Stichting Afwikkeling On  11.250                 EUR     0.416
Mitsubishi UFJ Investor    3.687  12/30/2099     EUR     5.000
Basque Government          1.000  10/31/2050     EUR    75.273
Bilt Paper BV             10.360                 USD     1.267
Praktiker AG               5.875   02/10/2016    EUR     0.069
Bank Gospodarstwa Krajow   2.375  11/27/2040     PLN    70.240
FF Group Finance Luxembo   3.250   11/02/2021    CHF     8.249
Dexia Credit Local SA      1.206                 EUR     3.067
OGX Austria GmbH           8.375   04/01/2022    USD     0.002
Elli Finance UK PLC        8.750   6/15/2019     GBP    64.555
Allied Irish Banks PLC    12.500   6/25/2035     GBP    61.249
Avangardco Investments P  10.000  10/29/2018     USD     0.348
Tresu Investment Holding   5.000   02/02/2025    EUR    48.788
Jain International Tradi   7.125   02/01/2022    USD    22.415
Norwegian Air Shuttle AS   5.000   02/07/2023    SEK    41.410
Privatbank CJSC Via UK S  11.000   02/09/2021    USD     1.000
DOF Subsea AS              9.500   3/14/2022     USD    29.838
Verimatrix SA              6.000   6/29/2022     EUR     3.789
EYEMAXX Real Estate AG     5.500   7/22/2025     EUR    75.000
Hellas Telecommunication   6.054   1/15/2015     USD     0.001
Windreich GmbH             6.500   7/15/2016     EUR     4.475
LBI ehf                    6.100   8/25/2011     USD    10.598
Barclays Bank PLC         12.000   9/24/2025     TRY    65.629
Aralco Finance SA         10.125   05/07/2020    USD     3.137
Alitalia-Societa Aerea I   5.250   7/30/2020     EUR     0.100
Solarworld AG              9.691   2/24/2019     EUR    19.897
Air Berlin PLC             5.625   05/09/2019    CHF     0.636
Espirito Santo Financial   6.875  10/21/2019     EUR     0.244
Bank Otkritie Financial   10.000   4/26/2019     USD     9.032
Banco Espirito Santo SA    2.302                 EUR     0.236
Hema Bondco II BV          8.500   1/15/2023     EUR     0.105
EOS Imaging SA             6.000   5/31/2023     EUR     7.250
German Pellets GmbH        7.250  11/27/2019     EUR     1.949
Lloyds Bank PLC            1.836  10/25/2033     USD    69.619
Orient Express Bank PJSC   2.000                 USD    54.787
Offshore Drilling Holdin   8.375   9/20/2020     USD     5.000
Russian Federal Bond - O   0.250   7/20/2044     RUB    12.450
Communaute Francaise de    0.782   02/08/2061    EUR    72.678
Caixa Economica Montepio   5.000                 EUR    25.000
WD Invest Sarl             1.900   10/02/2024    EUR    11.279
Sberbank of Russia PJSC    0.615   06/10/2024    USD    73.932
Veneto Banca SpA           9.878   12/01/2025    EUR     0.571
Banca Popolare di Vicenz   9.500   9/29/2025     EUR     0.049
Phosphorus Holdco PLC     10.000   04/01/2019    GBP     1.934
Andrade Gutierrez Intern   9.500  12/30/2024     USD    52.750
SAS AB                     4.377                 SEK    27.944
Lehman Brothers UK Capit   3.875                 EUR    35.000
Lloyds Bank PLC            1.836   4/25/2034     USD    73.550
ESFIL-Espirito Santo Fin   5.250   06/12/2015    EUR     0.111
Havila Shipping ASA        5.460   01/02/2025    NOK    25.319
Lloyds Bank PLC            2.380  11/27/2033     USD    67.238
Fuerstenberg Capital Dri   1.609                 EUR    58.241
Deutsche Bank AG/London    1.625  10/31/2034     USD    68.648
Espirito Santo Financial   3.125   12/02/2018    EUR     0.288
Banco Espirito Santo SA    6.875   7/15/2016     EUR    24.500
Cirio Holding Luxembourg   6.250   2/16/2004     EUR     0.723
Dexia SA                   1.230                 EUR     2.916
EFG International AG       0.551                 EUR    70.501
Cooperatieve Rabobank UA   0.500   7/30/2043     MXN    15.883
Sairgroup Finance BV       4.375   06/08/2006    EUR     1.568
Banco Espirito Santo SA    2.122                 EUR     0.094
Senivita Social Estate A   4.000   05/12/2025    EUR     7.010
Green City Energy Kraftw   4.750  12/30/2023     EUR   100.063
Barclays Bank PLC          0.652   4/19/2033     USD    70.856
Lehman Brothers UK Capit   6.900                 USD     3.986
KTG Agrar SE               7.125   06/06/2017    EUR     1.868
Nostrum Oil & Gas Financ   8.000   7/25/2022     USD    27.330
Corporate Commercial Ban   8.250   08/08/2014    USD     0.308
OR PJSC                   12.000   9/22/2022     RUB    46.590
Enertronica Santerno SpA   7.000  12/31/2022     EUR    67.500
Ghelamco Invest            4.500   5/23/2022     EUR    40.010
REM Saltire Holding AS     7.000  12/31/2024     NOK    51.784
Kommunekredit              0.500   7/30/2027     TRY    20.737
International Industrial  11.000   2/19/2013     USD     0.052
Raiffeisen Centrobank AG  10.500   9/22/2022     EUR    49.550
Cirio Finanziaria SpA      8.000  12/21/2005     EUR     0.832
Island Offshore Shiphold   6.230   6/30/2022     NOK     4.539
Barclays Bank PLC          1.092   7/28/2034     USD    67.445
Norske Skogindustrier AS   7.000  12/30/2026     EUR     0.010
niiio finance group AG     4.000   5/31/2026     EUR    51.000
Intelsat Jackson Holding   8.500  10/15/2024     USD    44.823
Bank Nadra Via NDR Finan   8.250   7/31/2018     USD     0.208
Rallye SA                  1.000   10/02/2020    EUR    21.738
Mallinckrodt Internation   5.500   4/15/2025     USD    57.750
Societe Nationale SNCF S   1.280   3/27/2120     EUR    71.860
Agrokor dd                 9.875   05/01/2019    EUR    15.000
Barclays Bank PLC          1.089   9/29/2034     USD    65.368
Windreich GmbH             6.500   03/01/2015    EUR     4.475
Cooperatieve Rabobank UA   0.500  10/30/2043     MXN    15.381
Waste Italia SpA          10.500  11/15/2019     EUR     0.550
Andrade Gutierrez Intern  11.000   8/20/2021     USD    57.560
Norske Skogindustrier AS   7.125  10/15/2033     USD     0.010
Saleza AS                  9.000   07/12/2021    EUR     0.203
Mallinckrodt Internation   5.750   08/01/2022    USD    56.063
Raiffeisen Schweiz Genos   4.800   04/07/2022    EUR    63.040
UBS AG/London             13.250   05/04/2022    USD    43.000
Joh Friedrich Behrens AG   6.250   6/18/2024     EUR    29.250
Ukraine Government Bond    6.000   1/28/2032     UAH    49.676
New World Resources NV     4.000   10/07/2020    EUR     0.524
Hellas Telecommunication   8.500  10/15/2013     EUR     0.834
SG Issuer SA               5.500   1/20/2025     SEK    75.860
Civitas Properties Finan   4.000  11/24/2022     EUR    65.000
New World Resources NV     8.000   04/07/2020    EUR     0.488
Norwegian Air Shuttle AS   6.375  11/15/2024     USD    47.132
Lloyds Bank PLC            0.444   7/29/2033     USD    65.660
Lehman Brothers UK Capit   5.750                 EUR     7.000
Windreich GmbH             6.250   03/01/2015    EUR     4.475
Sidetur Finance BV        10.000   4/20/2016     USD     0.770
Finmek International SA    7.000   12/03/2004    EUR     2.193
Depfa Funding II LP        6.500                 EUR    58.625
Bank Vontobel AG          15.000   11/07/2022    EUR    50.300
Portugal Telecom Interna   6.250   7/26/2016     EUR     0.285
Virgolino de Oliveira Fi  11.750   02/09/2022    USD     0.797
Veragold Mining Co GmbH    5.000  12/31/2022     EUR    52.000
Cooperatieve Rabobank UA   0.500   1/31/2033     MXN    40.245
Espirito Santo Financial   9.750  12/19/2025     EUR     0.283
Norske Skogindustrier AS   2.000  12/30/2115     EUR     0.113
Grupo Isolux Corsan SA     1.000  12/30/2021     EUR     0.104
Region Wallonne Belgium    0.850   1/26/2071     EUR    71.157
OR PJSC                   11.500   7/28/2024     RUB    38.000
TMK PJSC                   7.350   2/28/2025     RUB    62.000
Irish Bank Resolution Co   0.566   6/21/2016     EUR     0.500
Deutsche Bank AG/London    1.780   8/28/2034     USD    65.738
Futureal Development Hol   3.500  11/16/2036     HUF    74.000
Tennor Finance BV          5.750   6/17/2024     EUR    75.000
Agrokor dd                 8.875   02/01/2020    USD    15.000
Republic of Ireland Inte   0.740  11/27/2120     EUR    67.948
Agrokor dd                 8.875   02/01/2020    USD    15.000
Mallinckrodt Internation   5.625  10/15/2023     USD    57.280
Barclays Bank PLC          0.035   6/17/2033     USD    72.020
CBo Territoria             3.750   07/01/2024    EUR #N/A N/A
Ministeries Van de Vlaam   0.634  11/19/2060     EUR    73.647
CRC Breeze Finance SA      6.110   05/08/2026    EUR    31.541
Cirio Finance Luxembourg   7.500   11/03/2002    EUR     1.650
Barclays Bank PLC          1.032   3/21/2033     USD    70.338
Bulgaria Steel Finance B  12.000   05/04/2013    EUR     0.216
Credit Suisse AG/London   20.000   11/05/2024    USD    50.500
Privatbank CJSC Via UK S  10.875   2/28/2018     USD     7.866
Norske Skog Holding AS     8.000   2/24/2021     EUR     0.006
Kardan NV                  6.325   2/21/2021     ILS    12.250
Banco Espirito Santo SA    6.900   6/28/2024     EUR    24.495
BNG Bank NV               10.010   6/17/2025     TRY    62.915
Banca Popolare di Vicenz   2.821  12/20/2017     EUR     0.100
Alno AG                    8.000   3/21/2019     EUR    16.000
Yell Bondco PLC            8.500   05/02/2023    GBP    69.786
Virgolino de Oliveira Fi  10.500   1/28/2018     USD     0.715
Bank Julius Baer & Co Lt  13.250   01/05/2023    USD    48.100
Alpine Holding GmbH        6.000   5/22/2017     EUR     3.084
Region Wallonne Belgium    1.150   09/02/2120    EUR    72.462
Single Platform Investme   1.548  10/31/2050     EUR    61.020
Virgolino de Oliveira Fi  10.875   1/13/2020     USD    36.000
Erotik-Abwicklungsgesell   7.750   07/09/2019    EUR     0.779
Barclays Bank PLC          0.836   4/25/2034     USD    72.553
Intelsat Connect Finance   9.500   2/15/2023     USD    17.000
Finance and Credit Bank    9.250   1/25/2019     USD     0.137
Havila Shipping ASA        4.710   01/02/2025    NOK    40.000
DekaBank Deutsche Giroze   7.650   03/10/2023    EUR    47.500
SG Issuer SA               8.800   7/20/2023     SEK    73.260
Sibur Holding PAO          1.500   10/02/2031    USD    70.650
Stichting Afwikkeling On   2.197                 EUR     0.416
SiC Processing GmbH        7.125   03/01/2016    EUR     2.427
Banco Santander SA         1.815                 EUR     1.666
Cooperatieve Rabobank UA   0.500  11/30/2027     MXN    62.445
Lloyds Bank PLC            1.376   07/05/2033    USD    74.680
Elli Investments Ltd      12.250   6/15/2020     GBP    52.250
Joh Friedrich Behrens AG   7.750   11/11/2020    EUR    29.500
Sibur Holding PAO          1.500   10/01/2032    USD    67.600
Nostrum Oil & Gas Financ   7.000   2/16/2025     USD    25.340
Stichting Afwikkeling On   6.625   5/14/2018     EUR     5.375
Barclays Bank PLC          1.444  10/30/2034     USD    72.124
Cirio Del Monte NV         7.750   3/14/2005     EUR     0.352
Credit Suisse AG           7.000  10/28/2022     USD    10.120
SG Issuer SA               8.410   1/20/2027     SEK    59.170
Intelsat Luxembourg SA    12.500  11/15/2024     USD    65.750
Ukraine Government Bond    8.750   2/16/2033     UAH    62.113
Republic of Belarus Inte   6.200   2/28/2030     USD    74.650
Sibur Holding PAO          1.500   10/02/2030    USD    73.710
Deutsche Bank AG/London    1.796   6/30/2034     USD    66.436
Alpine Holding GmbH        5.250   07/01/2015    EUR     3.084
Barclays Bank PLC          1.072  12/30/2030     USD    72.635
Agrokor dd                 9.125   02/01/2020    EUR    15.000
A-TEC Industries AG        8.750  10/27/2014     EUR     0.100
Rena GmbH                  7.000  12/15/2015     EUR     2.096
Moby SpA                   7.750   2/15/2023     EUR    66.699
Region de Bruxelles-Capi   0.845   9/30/2059     EUR    76.007
Vneshprombank Ltd Via VP   9.000  11/14/2016     USD     0.078
ECM Real Estate Investme   5.000   10/09/2011    EUR    15.375
Depfa Funding III LP       0.235                 EUR    82.821
Agrokor dd                 9.875   05/01/2019    EUR    15.000
Steilmann SE               7.000   9/23/2018     EUR     1.429
OGX Austria GmbH           8.500   06/01/2018    USD     0.002
Turkey Government Intern   4.875   4/16/2043     USD    71.610
Commerzbank AG             0.060  11/19/2029     EUR    69.501
Windreich GmbH             6.750   03/01/2015    EUR     4.475
OR PJSC                   11.000  12/29/2024     RUB    31.800
Sairgroup Finance BV       6.625   10/06/2010    EUR     1.568
Portugal Telecom Interna   5.242   11/06/2017    EUR     0.694
German Pellets GmbH        7.250   04/01/2016    EUR     1.949
Barclays Bank PLC          2.812   5/30/2034     USD    70.822
Green City Energy Kraftw   5.000  12/31/2036     EUR   132.904
Elli Investments Ltd      12.250   6/15/2020     GBP    52.250
Espirito Santo Financial   5.050  11/15/2025     EUR     0.283
JP Morgan Structured Pro  11.000  12/30/2026     ZMW    67.712
SG Issuer SA               6.500   1/20/2025     SEK    68.880
Barclays Bank PLC          0.956   3/28/2033     USD    70.859
Del Monte Finance Luxemb   6.625   5/24/2006     EUR     4.343
NTRP Via Interpipe Ltd    10.250   08/02/2017    USD    29.500
Leonteq Securities AG/Gu   8.510   5/27/2022     USD    33.020
Credit Suisse AG/London #N/A N/A   8/18/2022     USD     9.500
Cooperatieve Rabobank UA   0.500  10/29/2027     MXN    63.316
OGX Austria GmbH           8.375   04/01/2022    USD     0.002
Grupo Isolux Corsan SA     6.000  12/30/2021     EUR     0.192
Barclays Bank PLC          3.800   9/30/2031     USD    70.568
Solon SE                   1.375   12/06/2012    EUR     0.745
Resa SA/Belgium            1.950   7/22/2036     EUR    50.010
Barclays Bank PLC          0.500   1/28/2033     MXN    37.146
KTG Agrar SE               7.250  10/15/2019     EUR     1.868
Gebr Sanders GmbH & Co K   8.750  10/22/2018     EUR     9.375
Green City Energy Kraftw   5.750  12/30/2033     EUR   100.044
Rio Forte Investments SA   4.000   7/22/2014     EUR     4.333
Bank Otkritie Financial   10.000   4/26/2019     USD     9.032
Deutsche Bank AG/London    2.952  11/26/2034     USD    80.500
getgoods.de AG             7.750   10/02/2017    EUR     0.527
Turkey Government Bond     1.500   10/09/2024    TRY    63.052
International Finance Fa   0.500   6/29/2027     ZAR    65.292
OR PJSC                   12.000  11/14/2024     RUB    36.100
Region de Bruxelles-Capi   0.562  12/23/2065     EUR    67.781
Kingdom of Belgium Gover   0.650   6/22/2071     EUR    72.342
Steilmann SE               7.000   03/09/2017    EUR     1.429
Tonon Luxembourg SA       12.500   5/14/2024     USD     0.399
Alpine Holding GmbH        5.250   06/10/2016    EUR     3.084
Societe Generale SA       20.000   03/02/2022    USD    59.875
Barclays Bank PLC          1.268   3/28/2034     USD    73.314
Barclays Bank PLC          3.392   8/31/2031     USD    72.347
Kingdom of Belgium Gover   0.558   9/24/2077     EUR    70.058
Rena GmbH                  8.250   07/11/2018    EUR     2.096
Barclays Bank PLC          0.433   3/14/2023     USD     9.747
Credit Suisse AG/London   10.000   6/16/2022     USD    56.660
Intelsat Jackson Holding   9.750   7/15/2025     USD    43.870
Peine GmbH                 2.000   07/05/2023    EUR    44.500
Deutsche Agrar Holding G   7.250   9/28/2018     EUR     0.812
Ukraine Government Bond    6.000   1/14/2026     UAH    71.068
BOA Offshore AS            0.409   7/17/2047     NOK     5.257
Barclays Bank PLC          1.450   9/24/2038     MXN    31.882
RUSAL Bratsk OJSC          0.010   04/07/2026    RUB    65.680
Deutsche Bank AG           0.687   10/11/2049    EUR    57.285
DekaBank Deutsche Giroze   7.050   4/28/2023     EUR    65.440
Ukraine Government Bond    6.000  12/24/2025     UAH    71.455
Dolphin Drilling ASA       4.490   8/28/2019     NOK     0.644
Elli Finance UK PLC        8.750   6/15/2019     GBP    64.555
Norske Skog Holding AS     8.000   2/24/2021     EUR     0.006
Pescanova SA               5.125   4/20/2017     EUR     0.319
SG Issuer SA               0.263   2/20/2025     EUR    19.730
Barclays Bank PLC          5.000   11/01/2029    BRL    63.795
Ukraine Government Bond    8.310   11/10/2034    UAH    57.151
Region de Bruxelles-Capi   0.444   3/19/2057     EUR    66.740
Sequa Petroleum NV         5.000   4/29/2020     USD    30.250
Air Berlin Finance BV      8.500   03/06/2019    EUR     0.338
BrokerCreditService Stru   1.299   12/06/2031    USD    75.204
Societe Generale SA       20.000   2/29/2024     USD    17.600
Societe Generale Effekte   4.000  11/22/2022     USD    67.700
Irish Bank Resolution Co   6.750  11/30/2013     BGN    33.250
Lloyds Bank PLC            0.500   7/26/2028     MXN    59.393
Kingdom of Belgium Gover   0.459   7/23/2079     EUR    65.878
UBS AG/London             14.750   2/17/2023     CHF    51.150
Wingholding Zrt            3.000   9/22/2031     HUF #N/A N/A
Credit Suisse AG/London    4.450   6/28/2023     USD     9.350
SG Issuer SA               6.940   1/20/2025     SEK    70.990
Region de Bruxelles-Capi   0.650   2/15/2061     EUR    74.660
Golden Gate AG             6.500   10/11/2014    EUR    35.100
State of Lower Austria     0.550  11/13/2080     EUR    74.712
Eiendomskreditt AS         2.600   9/17/2029     NOK    70.904
WPE International Cooper  10.375   9/30/2020     USD     5.000
JP Morgan Structured Pro  12.000   01/04/2027    ZMW #N/A N/A
SG Issuer SA               8.700   1/20/2025     SEK    57.080
DekaBank Deutsche Giroze  11.200  12/23/2022     EUR    63.940
EFG International Financ  11.120  12/27/2024     EUR    49.270
Ukraine Government Bond    8.750   11/10/2032    UAH    61.786
Credito Padano Banca di    3.100                 EUR    33.854
State of Mecklenburg-Wes   0.239  11/17/2070     EUR    73.560
German Pellets GmbH        7.250   07/09/2018    EUR     1.949
AlphaNotes ETP Dac         0.010   09/09/2029    USD    69.837
SG Issuer SA               0.021   8/15/2033     EUR    18.230
Skandinaviska Enskilda B   9.500   7/17/2023     SEK    70.170
Ukraine Government Bond    5.000   2/20/2032     UAH    44.703
MTS-Bank PAO               9.500  10/28/2029     RUB    44.710
Norske Skogindustrier AS   7.125  10/15/2033     USD     0.010
SG Issuer SA               8.300   7/21/2025     SEK    66.370
Credit Suisse AG/London    7.370  12/28/2022     USD     9.730
Credit Suisse AG/London    4.600   3/31/2023     USD     9.580
Credit Suisse AG/London    4.600   11/09/2022    USD     9.653
Luzerner Kantonalbank AG  23.000   06/07/2022    CHF    36.350
WEB Windenergie AG         4.000  12/17/2025     EUR     0.010
Credit Suisse AG           0.500  12/16/2025     BRL    64.054
International Bank of Az   8.250   10/09/2024    USD    60.375
Northland Resources AB     4.000  10/15/2020     USD     0.271
Kingdom of Belgium Gover   0.675   07/07/2080    EUR    74.295
Erste Group Bank AG        6.250   02/01/2026    EUR    74.850
EFG International Financ   7.000   4/20/2022     USD    48.140
Pongs & Zahn AG            8.500   11/01/2014    EUR     0.030
Sberbank CIB JSC           0.010   01/04/2030    RUB    50.426
Ukraine Government Bond    8.120   11/10/2035    UAH    55.164
Cooperatieve Rabobank UA   0.500   8/21/2028     MXN    58.773
Phosphorus Holdco PLC     10.000   04/01/2019    GBP     1.934
DZ Bank AG Deutsche Zent  19.400   3/25/2022     EUR    48.960
City of Predeal Romania    4.050   5/15/2026     RON    69.000
Intelsat Luxembourg SA    12.500  11/15/2024     USD    65.750
Virgolino de Oliveira Fi  10.875   1/13/2020     USD    36.000
Stichting Afwikkeling On   8.450   8/20/2018     USD     5.375
BRAbank ASA/NO             7.780                 NOK    54.895
Lehman Brothers Treasury   1.000   10/05/2035    EUR     0.100
Cattles Ltd                8.125   07/05/2017    GBP     0.027
Erste Group Bank AG        4.350   2/20/2022     EUR    43.250
Societe Generale SA       16.000   8/30/2024     USD    46.250
Barclays Bank PLC          0.333   11/08/2023    USD     9.490
Credit Suisse AG/London   20.000  11/29/2024     USD    13.800
Mox Telecom AG             7.250   11/02/2017    EUR     2.270
UkrLandFarming PLC        10.875   3/26/2018     USD     1.648
AKB Peresvet ZAO           0.510   08/04/2034    RUB    31.000
Intelsat Jackson Holding   9.750   7/15/2025     USD    43.870
UBS AG/London              0.120   5/25/2040     MXN    17.687
La Veggia Finance SA       7.125  11/14/2004     EUR     0.287
Societe Generale SA       18.000   08/01/2024    USD    38.700
Credit Suisse AG/London    6.190   9/14/2022     USD     9.690
Bank Julius Baer & Co Lt  22.500   05/03/2022    CHF    55.450
Ukraine Government Bond    9.700   03/10/2032    UAH    67.363
Agrokor dd Via Aquarius    4.921   08/08/2017    EUR    14.625
Credito Padano Banca di    3.100                 EUR    34.070
O1 Properties Finance PL   8.250   9/27/2021     USD    11.769
Pescanova SA               8.750   2/17/2019     EUR     0.319
BBI Development SA        11.610   2/22/2023     PLN     0.010
Kreditanstalt fuer Wiede   0.250   10/06/2036    CAD    51.195
Veneto Banca SpA           6.950   2/25/2025     EUR     0.571
Credit Suisse AG/London    6.500   3/28/2022     USD     3.840
HSBC Bank PLC             10.300  12/20/2024     TRY    69.618
Air Berlin Finance BV      6.000   03/06/2019    EUR     0.315
Minicentrales Dos SA       0.010   06/06/2047    EUR    66.787
HSBC Bank PLC              0.500   6/23/2027     MXN    64.411
Northland Resources AB     4.000  10/15/2020     NOK     0.271
WEB Windenergie AG         5.500   04/08/2023    EUR     0.010
Agrokor dd                 9.125   02/01/2020    EUR    15.000
Veneto Banca SpA           6.411                 EUR     0.345
New World Resources NV     8.000   04/07/2020    EUR     0.488
Nordic Corporate Bank AS   6.430                 NOK    65.455
SG Issuer SA               7.740   7/20/2025     SEK    63.880
DZ Bank AG Deutsche Zent   9.410   8/26/2022     EUR    39.030
Zurcher Kantonalbank Fin  30.000   08/09/2022    USD    39.640
Gold-Zack AG               7.000  12/14/2005     EUR     1.511
Dr Wiesent Sozial gGmbH    7.000                 EUR     0.010
Sberbank of Russia PJSC    0.010   8/25/2025     RUB    75.990
Astana Finance BV          9.000  11/16/2011     USD    15.250
Mriya Agro Holding PLC     9.450   4/19/2018     USD     4.667
Thomas Cook Finance 2 PL   3.875   7/15/2023     EUR     0.538
Ville de Paris             0.650  11/25/2070     EUR    67.476
SAir Group                 4.250   02/02/2007    CHF    12.625
SG Issuer SA               7.600   1/20/2025     SEK    55.800
DZ Bank AG Deutsche Zent  15.400   6/24/2022     EUR    73.050
Region de Bruxelles-Capi   0.556  12/23/2064     EUR    68.110
Single Platform Investme   0.656   9/20/2050     EUR    74.912
Steilmann SE               6.750   6/27/2017     EUR     2.184
SAir Group                 5.500   7/23/2003     CHF    12.625
AKB Peresvet ZAO           0.510   2/14/2032     RUB    13.000
Ahtium PLC                 9.750   04/04/2017    EUR     0.726
Turkiye Ihracat Kredi Ba  12.540   9/14/2028     TRY    56.156
Communaute Francaise de    1.000   10/08/2069    EUR    74.062
SG Issuer SA               2.100   2/14/2033     EUR    25.620
Skandinaviska Enskilda B   8.300   7/17/2023     SEK    68.660
SG Issuer SA              11.170   7/20/2025     SEK    45.460
LP Portfolio Vagyonkezel   2.800  11/30/2030     HUF #N/A N/A
Credit Suisse AG/London   14.000   6/16/2022     USD    68.740
Credit Suisse AG/London    4.180   9/14/2022     USD     9.660
SG Issuer SA               7.500   1/20/2025     SEK    54.290
Ukraine Government Bond    6.000   1/27/2027     UAH    65.535
Region Wallonne Belgium    1.222   6/24/2080     EUR    76.567
Credit Agricole Corporat  11.550   1/28/2026     TRY    64.861
Region de Bruxelles-Capi   0.592   12/10/2061    EUR    72.315
Ukraine Government Bond    9.700   12/08/2032    UAH    66.423
Banco Espirito Santo SA   10.000   12/06/2021    EUR     0.510
Grupo Isolux Corsan SA     0.250  12/30/2018     EUR     0.073
Sberbank of Russia PJSC    0.010   09/04/2025    RUB    74.600
Purple Protected Asset     1.580   5/25/2060     EUR    63.730
Leonteq Securities AG     12.000   06/08/2022    CHF    48.280
Appeninn Holding           3.500  11/22/2029     HUF #N/A N/A
Single Platform Investme   0.559   2/15/2047     EUR    74.571
Pervyi Konteinernyi Term   0.010   02/06/2026    RUB    66.230
BNP Paribas SA             0.500  11/16/2032     MXN    35.044
Senvion Holding GmbH       3.875  10/25/2022     EUR     0.799
Heta Asset Resolution AG   4.350  12/31/2023     EUR     1.156
Barclays Bank PLC          0.500   10/01/2031    TRY    12.228
Espirito Santo Financial   5.050  11/15/2025     EUR     0.283
Getin Noble Bank SA        8.290   7/28/2023     PLN    78.075
BRAbank ASA                7.210                 NOK    69.348
Bank Julius Baer & Co Lt  11.300   3/21/2022     USD    42.050
Vontobel Financial Produ   9.400   5/13/2022     EUR    50.140
Credit Suisse AG/London    4.700  11/30/2022     USD     9.583
Bank Vontobel AG          11.000   02/06/2023    CHF    64.800
Banque Internationale a    7.500   7/28/2022     USD    71.100
Skandinaviska Enskilda B   8.600   7/17/2023     SEK    69.030
Societe Generale SA       18.000   11/02/2023    USD    76.950
Muehl Product & Service    6.750   03/10/2005    DEM     0.104
COFIDUR SA                 0.100  12/31/2024     EUR    24.050
Purple Protected Asset     2.100   4/15/2060     EUR    66.497
Bilt Paper BV             10.360                 USD     1.267
Societe Generale SA        1.580   9/16/2024     USD     3.560
Ahtium PLC                 4.000  12/16/2015     EUR     0.586
UniCredit Bank AG          6.600   7/20/2028     EUR    51.240
Golfino AG                 8.000  11/18/2023     EUR     0.020
Societe Generale SA       21.000  11/30/2023     USD    18.300
Zurcher Kantonalbank Fin  15.200   9/21/2022     USD    50.860
Societe Generale SA        4.000   5/28/2031     USD    72.909
SALVATOR Vermoegensverwa   9.500                 EUR     8.100
Ukraine Government Bond    9.990   12/10/2031    UAH    69.075
Premium Green PLC          0.600  10/31/2046     EUR    51.609
Hellas Telecommunication   8.500  10/15/2013     EUR     0.834
Lehman Brothers Treasury   2.875   3/14/2013     CHF     0.100
New World Resources NV     4.000   10/07/2020    EUR     0.524
Deutsche Bank AG/London    0.500  10/18/2038     MXN    16.488
Northland Resources AB    15.000   7/15/2019     USD     2.621
SG Issuer SA               8.120   7/20/2023     SEK    71.540
BNP Paribas Emissions- u   7.700   4/22/2022     EUR    68.140
EFG International Financ   7.500   7/26/2022     USD    61.720
Banque Internationale a   15.000   01/05/2023    EUR    52.910
Societe Generale SA       22.000   11/03/2022    USD    63.450
HPI AG                     3.500                 EUR     3.011
Mifa Mitteldeutsche Fahr   7.500   08/12/2018    EUR     2.150
Landesbank Baden-Wuertte   5.400   2/25/2022     EUR    74.970
DeltaCredit Bank JSC       1.000   5/18/2026     RUB    67.750
Privatbank CJSC Via UK S  10.875   2/28/2018     USD     7.866
Russian Federal Bond - O   6.100   7/18/2035     RUB    74.000
Dyadya Doner OOO          13.500   4/25/2023     RUB    21.690
Sberbank of Russia PJSC    0.010   4/22/2026     RUB    74.600
Ministeries Van de Vlaam   0.600  11/19/2055     EUR    74.745
Cerruti Finance SA         6.500   7/26/2004     EUR     2.058
Credit Agricole Corporat   5.400   1/31/2028     BRL    72.179
Veneto Banca SpA           6.944   5/15/2025     EUR     0.571
Banca Popolare di Vicenz   9.500   10/02/2025    EUR     0.049
Republic of Belarus Inte   6.200   2/28/2030     USD    75.359
Credit Agricole Corporat   9.450   03/08/2027    TRY    55.357
Bank Julius Baer & Co Lt  10.000   06/02/2022    CHF    66.300
Bank Julius Baer & Co Lt  29.500   6/27/2022     CHF    42.350
Leonteq Securities AG/Gu  20.000   01/10/2023    CHF    61.790
Societe Generale SA       20.000  12/18/2025     USD    73.000
Leonteq Securities AG/Gu   6.770   5/27/2022     USD    70.380
VTB Bank PJSC              0.010   12/06/2024    RUB    80.480
Nizhniy Novgorod Region    6.750   6/14/2025     RUB    71.140
Ukraine Government Bond    9.980   03/06/2030    UAH    71.710
Ukraine Government Bond    6.000   1/22/2031     UAH    51.962
Santander Consumer Bank    5.890                 NOK    50.508
Bank2 ASA                  6.120                 NOK    59.747
Espirito Santo Financial   5.125   5/30/2016     EUR     0.528
Pescanova SA               6.750   03/05/2015    EUR     0.319
Region of Stavropol Russ   6.200  12/14/2027     RUB    58.670
Krakowski Bank Spoldziel   3.580   9/20/2023     PLN    69.170
French Republic Governme   0.500   5/25/2072     EUR    68.115
Officine Maccaferri-SpA    5.750   06/01/2021    EUR    18.651
Nutritek International C   8.750   12/11/2008    USD     2.089
Lehman Brothers Treasury   5.000   05/02/2022    EUR     0.100
Deutsche Bank AG/London   13.750   6/20/2026     TRY    69.399
Centrosolar Group AG       7.000   2/15/2016     EUR     2.505
SG Issuer SA               9.180   1/20/2025     SEK    58.200
UBS AG/London              7.000   8/18/2022     USD    67.050
Luzerner Kantonalbank AG  22.620   6/20/2022     CHF    43.030
Zurcher Kantonalbank Fin   6.750   7/27/2022     USD    38.040
Credit Agricole Corporat  10.150   02/05/2025    TRY    68.197
Mostotrest PJSC            0.010   7/29/2026     RUB    60.250
Credit Agricole Corporat  10.320   7/22/2026     TRY    60.728
Credit Agricole Corporat  11.190   1/15/2026     TRY    65.574
Single Platform Investme   0.457   2/15/2046     EUR    74.354
Credit Agricole Corporat  11.640   3/24/2027     TRY    63.107
Credit Agricole Corporat  11.190   03/12/2027    TRY    61.307
Minicentrales Dos SA       0.010   06/06/2047    EUR    59.125
IT Holding Finance SA      9.875  11/15/2012     EUR     0.015
Credit Agricole Corporat  10.200   08/06/2026    TRY    60.284
Sberbank of Russia PJSC    0.010  12/17/2025     RUB    74.200
Getin Noble Bank SA        7.640  12/21/2023     PLN    68.878
Credit Agricole Corporat  11.400  10/28/2025     TRY    67.896
HSBC Bank PLC             10.300   12/10/2024    TRY    69.776
WPE International Cooper  10.375   9/30/2020     USD     5.000
Irish Bank Resolution Co   4.000   4/23/2018     EUR    33.250
Solarwatt GmbH             7.000   11/01/2015    EUR    15.500
Sberbank of Russia PJSC    0.010   3/25/2026     RUB    69.000
City of Novosibirsk Russ   7.300   10/08/2026    RUB    61.820
Sberbank of Russia PJSC    0.010   11/07/2024    RUB    78.400
Luminis SA                 1.800   09/02/2059    EUR    58.274
Societe Generale SA        8.000   5/28/2027     USD    48.100
Epito-Es Epuletkarbantar   3.000   11/11/2030    HUF    73.600
Societe Generale SA       15.000   08/01/2024    USD    44.300
UniCredit Bank AG         10.700   2/17/2025     EUR    72.260
Bank Vontobel AG          11.000   02/06/2023    EUR    44.200
Leonteq Securities AG/Gu   8.380   7/20/2022     CHF    64.890
DZ Bank AG Deutsche Zent   9.270   6/24/2022     EUR    49.070
EFG International Financ   7.000   5/23/2022     EUR    36.550
Axial Javito Kereskedelm   2.000   9/23/2030     HUF    73.585
A-TEC Industries AG        2.750   05/10/2014    EUR     0.100
Cooperatieve Rabobank UA   0.500  12/29/2027     MXN    61.821
Ukraine Government Bond    8.750   4/20/2033     UAH    61.212
Ukraine Government Bond    9.760   7/23/2031     UAH    68.534
Ukraine Government Bond    6.000   06/04/2031    UAH    51.081
Rio Forte Investments SA   4.750   11/10/2015    EUR     5.272
Lehman Brothers Treasury   6.000  10/24/2008     EUR     0.100
Thomas Cook Group PLC      6.250   6/15/2022     EUR     0.510
SAG Solarstrom AG          6.250  12/14/2015     EUR    31.000
Hema Bondco II BV          8.500   1/15/2023     EUR     0.105
Societe Generale SA        6.000   05/09/2022    USD    17.380
Norske Skog Holding AS     8.000   2/24/2023     USD     0.006
Societe Generale SA        9.000   7/22/2022     USD    48.700
Societe Generale SA        8.600   7/29/2022     USD    56.800
Skandinaviska Enskilda B   7.800   7/15/2024     SEK    71.910
Credit Suisse AG/London   11.000   2/23/2022     USD    46.350
Corner Banca SA            6.500  11/21/2022     CHF    46.520
UBS AG/London             18.000   6/16/2022     USD    63.600
Bank Julius Baer & Co Lt  11.700   4/26/2022     CHF    36.900
Vontobel Financial Produ   3.750   01/03/2023    EUR    45.800
Vontobel Financial Produ   9.250  12/23/2022     EUR    50.440
HC Finance OOO            10.500   11/11/2024    RUB   100.000
Raiffeisen Schweiz Genos  16.000   9/20/2022     CHF    43.620
Bank Julius Baer & Co Lt   9.850  11/16/2022     CHF    55.000
Credit Suisse AG/London   19.500   12/12/2022    USD    52.020
Landesbank Baden-Wuertte   5.650   5/27/2022     EUR    52.580
UBS AG/London              9.250   2/20/2023     CHF    55.400
Bank Vontobel AG           7.000   10/02/2023    CHF    68.300
Bank Vontobel AG          13.500   3/31/2023     CHF    59.200
UBS AG/London              8.250   6/23/2022     CHF    49.050
UBS AG/London              4.520   09/07/2023    USD     9.400
Bank Julius Baer & Co Lt  16.500  11/30/2022     USD    66.400
Ukraine Government Bond    9.150   05/10/2031    UAH    65.949
Ukraine Government Bond    8.630   05/10/2033    UAH    60.535
SAir Group                 0.125   07/07/2005    CHF    12.625
Ukraine Government Bond    6.000   11/12/2025    UAH    72.245
Ukraine Government Bond    9.700   06/02/2032    UAH    67.051
Ukraine Government Bond    9.730   9/24/2031     UAH    68.124
Tonon Luxembourg SA        9.250   1/24/2020     USD     0.500
Santander Consumer Bank    5.890                 NOK    50.508
Sberbank of Russia PJSC    0.010   7/24/2028     RUB    72.700
Hellas Telecommunication   6.054   1/15/2015     USD     0.001
Republic of Austria Gove   0.850   6/30/2120     EUR    72.935
Sberbank of Russia PJSC    0.010  10/20/2025     RUB    75.400
Grupo Isolux Corsan SA     6.000  12/30/2021     USD     0.192
AKB Peresvet ZAO           0.510   6/23/2021     RUB    30.010
LBI ehf                    7.431                 USD     0.001
Lehman Brothers Treasury   4.050   9/16/2008     EUR     0.100
Societe Generale SA        6.000   06/06/2022    USD     3.240
Credit Agricole Corporat  11.340   02/12/2026    TRY    66.289
Norske Skog Holding AS     8.000   2/24/2023     USD     0.006
WEB Windenergie AG         4.500                 EUR     0.010
Bank Vontobel AG          21.502   05/12/2022    CHF    44.500
UniCredit Bank AG          8.000   3/25/2022     EUR    39.350
Credit Suisse AG/London    5.200   8/17/2022     USD     9.860
Societe Generale SA       16.000   08/01/2024    USD    35.850
Societe Generale SA       16.000   08/01/2024    USD    47.500
Credit Suisse AG/London   11.000   4/19/2022     CHF    50.780
UBS AG/London             17.500   7/28/2022     CHF    60.700
EFG International Financ   4.800   08/05/2022    USD    45.600
BNP Paribas Issuance BV    3.300   5/23/2022     EUR    72.850
EFG International Financ   8.700   7/13/2023     EUR    57.660
Credit Suisse AG/London    5.880   6/28/2023     USD     9.450
Bank Julius Baer & Co Lt  13.000   4/20/2022     USD    40.600
EFG International Financ   6.500   4/20/2022     CHF    46.990
Credit Suisse AG/London   15.000   11/02/2022    USD    47.780
Opus Global Nyrt           2.800  10/29/2029     HUF    74.500
Alteo Nyrt                 3.150  10/28/2029     HUF    73.600
Skandinaviska Enskilda B  10.150   1/15/2025     SEK    66.610
Hell Energy Magyarorszag   2.700  12/18/2029     HUF    72.900
Societe Wallonne de Fina   0.904  10/23/2047     EUR    71.885
Ukraine Government Bond    8.520   11/10/2033    UAH    59.356
Sberbank of Russia PJSC    0.010   11/12/2025    RUB    74.600
Lehman Brothers Treasury   6.650   8/24/2011     AUD     0.100
Lehman Brothers Treasury   7.000   4/14/2009     EUR     0.100
Communaute Francaise de    0.750   02/04/2061    EUR    73.034
Spain Government Bond      1.450  10/31/2071     EUR    75.621
Norske Skogindustrier AS   7.000  12/30/2026     EUR     0.010
Waste Italia SpA          10.500  11/15/2019     EUR     0.550
Teksid Aluminum Luxembou  12.375   7/15/2011     EUR     0.122
Bayerische Landesbank      2.000   2/18/2022     EUR    64.930
Leonteq Securities AG/Gu   4.000   08/10/2022    CHF    65.690
Leonteq Securities AG     12.000   06/01/2022    CHF    35.690
Bank Julius Baer & Co Lt   8.350   03/04/2022    USD    49.250
Zurcher Kantonalbank Fin  11.000   4/19/2022     EUR    61.540
Credit Suisse AG/London    2.920   04/02/2022    USD    66.350
MOL Hungarian Oil & Gas    1.900   04/12/2031    HUF    68.600
UBS AG/London             11.750  11/14/2022     CHF    60.000
Raiffeisen Schweiz Genos  10.000  12/14/2022     CHF    65.940
Bank Vontobel AG          12.500   1/24/2023     CHF    56.100
Corner Banca SA           10.400  12/14/2022     CHF    58.210
Raiffeisen Switzerland B  12.000  10/26/2022     CHF    58.840
Leonteq Securities AG/Gu  21.100   4/21/2022     CHF    51.000
UBS AG/London              6.800   6/15/2026     USD    70.590
EFG International Financ   9.800   6/21/2023     EUR    61.110
Leonteq Securities AG     13.000   2/22/2023     CHF    56.270
Zurcher Kantonalbank Fin  29.000   9/29/2022     CHF    57.610
VTB Bank PJSC              0.010  10/14/2026     RUB    70.040
Aranynektar Termekgyarto   3.500   04/03/2030    HUF    68.993
Bank Julius Baer & Co Lt   8.350   1/30/2023     CHF    69.200
Leonteq Securities AG/Gu   3.400   3/20/2024     CHF    61.740
WEB Windenergie AG         6.250                 EUR     0.010
Main Road JSC              6.900  10/30/2029     RUB    85.000
UniCredit Bank AG          7.550  11/17/2022     EUR    64.650
Bank Julius Baer & Co Lt   9.900  10/21/2022     USD    49.500
State of Saxony-Anhalt     0.616   07/03/2028    EUR    60.000
Sberbank of Russia PJSC    0.950   06/11/2025    RUB    75.500
Ukraine Government Bond    6.000  12/23/2026     UAH    65.990
Instabank ASA              9.830                 NOK    49.975
Nizhniy Novgorod Region    6.100   5/27/2026     RUB    89.850
Lehman Brothers Treasury   9.000   3/17/2009     GBP     0.100
Lehman Brothers Treasury   3.860   9/21/2011     SGD     0.100
Region de Bruxelles-Capi   0.450  12/22/2056     EUR    71.623
Bank Otkritie Financial    0.010   7/16/2025     RUB    69.330
Espirito Santo Financial   0.387  10/27/2024     EUR     0.297
Petromena ASA             10.850  11/19/2018     USD     0.622
SG Issuer SA               0.100   06/11/2029    NZD    72.938
Lehman Brothers Treasury  13.000   2/16/2009     CHF     0.100
KPNQwest NV               10.000   3/15/2012     EUR     0.453
KPNQwest NV                8.875   02/01/2008    EUR     0.453
WEB Windenergie AG         2.250   9/25/2028     EUR     0.010
SAir Group                 5.125   03/01/2003    CHF    12.750
Leonteq Securities AG     12.000   3/15/2022     CHF    67.680
Pannon Work Szemelyzeti    3.000  10/30/2030     HUF #N/A N/A
Credit Suisse AG/London   11.750   2/18/2022     USD    32.200
EFG International Financ  16.000   3/24/2022     USD    63.520
Credit Suisse AG/London   12.000   05/09/2022    USD    44.420
Leonteq Securities AG     14.000   4/26/2022     CHF    40.530
Zurcher Kantonalbank Fin   7.000   08/10/2022    USD    59.450
Raiffeisen Switzerland B  12.500   05/10/2022    EUR    38.760
Credit Suisse AG/London   20.500   7/20/2022     USD    65.250
Raiffeisen Schweiz Genos  14.000   7/19/2022     USD    66.980
Bank Julius Baer & Co Lt  12.650   4/26/2022     USD    37.000
UBS AG/London             14.000   05/05/2022    CHF    37.750
UBS AG/London              7.800   4/20/2026     EUR    74.030
UBS AG/London             11.500   4/21/2022     CHF    51.400
Credit Suisse AG/London   10.250   11/09/2022    USD    53.970
Leonteq Securities AG/Gu  11.000  10/31/2022     USD    59.270
UBS AG/London             10.000  12/30/2022     CHF    64.250
Leonteq Securities AG     23.400   9/28/2022     CHF    44.310
Societe Generale SA       16.000   07/03/2024    USD    49.266
Leonteq Securities AG/Gu  10.000   09/07/2023    USD    69.810
Leonteq Securities AG/Gu  10.000   1/30/2023     USD    42.900
Bank Julius Baer & Co Lt  11.000   6/27/2022     CHF    46.450
VTB Bank PJSC              0.010  11/25/2026     RUB    67.200
Leonteq Securities AG/Gu  12.000   4/13/2022     USD    35.630
Skandinaviska Enskilda B   5.800   1/15/2025     SEK    71.420
UBS AG/London              9.500   2/28/2022     CHF    50.650
Leonteq Securities AG/Gu   2.750   9/15/2022     CHF    43.460
DeloPorts LLC              0.010  11/14/2025     RUB    65.000
Santander International    1.700   12/12/2049    EUR    60.199
OR PJSC                   12.600   9/28/2025     RUB    40.000
Ukraine Government Bond    6.000  10/15/2031     UAH    50.265
Ukraine Government Bond    6.000   9/19/2029     UAH    55.598
SAir Group                 6.250  10/27/2002     CHF    12.625
Lehman Brothers Treasury   2.000   3/16/2035     EUR     0.100
Sberbank of Russia PJSC    0.010   9/21/2028     RUB    70.200
Lehman Brothers Treasury   7.000  11/28/2008     CHF     0.100
LBI ehf                    6.100   8/25/2011     USD    10.598
Turkey Government Bond    12.400   03/08/2028    TRY    71.300
IT Holding Finance SA      9.875  11/15/2012     EUR     0.015
Mriya Agro Holding PLC    10.950   3/30/2016     USD     4.667
Tonon Luxembourg SA        9.250   1/24/2020     USD     0.500
Sberbank of Russia PJSC    0.010   10/05/2028    RUB    71.500
Lehman Brothers Treasury  14.900   9/15/2008     EUR     0.100
SFO Akkord Finans         10.000   02/12/2024    RUB    60.290
OOO SPV Structural Inves   0.010   09/01/2023    RUB    66.740
KPNQwest NV                8.875   02/01/2008    EUR     0.453
JP Morgan Structured Pro  12.000   8/28/2026     ZMW    71.835
Decipher Production Ltd   12.500   9/27/2019     USD     1.500
Bank Otkritie Financial    0.010   9/24/2025     RUB    64.700
SAG Solarstrom AG          7.500   07/10/2017    EUR    31.000
Raiffeisen Switzerland B   4.000   8/30/2022     CHF    38.860
TransKomplektHolding OOO   9.500   11/02/2028    RUB #N/A N/A
Luzerner Kantonalbank AG  25.000   03/09/2022    CHF    18.450
Leonteq Securities AG/Gu   7.450   1/25/2023     EUR    67.500
Societe Generale SA       16.000   08/01/2024    USD    39.150
UBS AG/London             14.000   07/07/2022    USD    57.300
Bank Vontobel AG          24.000   08/09/2022    CHF    58.600
Banque Cantonale Vaudois  21.150   8/22/2022     CHF    47.080
Zurcher Kantonalbank Fin  26.500   9/13/2022     USD    57.810
Barclays Bank PLC          0.600   3/14/2023     USD     9.917
Credit Suisse AG/London   12.400   9/25/2023     EUR    64.590
AutoWallis Nyrt            3.000   7/27/2031     HUF #N/A N/A
Societe Generale SA       15.000   8/30/2024     USD    46.300
Leonteq Securities AG/Gu  16.600   6/17/2022     USD    46.930
Societe Generale Effekte   4.000   7/22/2022     USD    47.360
Credit Suisse AG/London    9.000  11/28/2022     USD    57.590
Landesbank Baden-Wuertte   6.750  11/25/2022     EUR    64.180
Raiffeisen Schweiz Genos   5.000   9/13/2022     CHF    69.350
Landesbank Baden-Wuertte   3.000   2/25/2022     EUR    72.490
Ukraine Government Bond    8.220   05/10/2035    UAH    56.175
Sberbank of Russia PJSC    0.010   10/09/2026    RUB    60.000
Sberbank of Russia PJSC    0.010  10/21/2026     RUB    73.700
Lehman Brothers Treasury   7.375   9/20/2008     EUR     0.100
Sberbank of Russia PJSC    0.016   3/15/2032     RUB    60.800
Sberbank of Russia PJSC    0.010   8/21/2028     RUB    71.000
Sberbank of Russia PJSC    0.010  12/17/2025     RUB    73.300
KPNQwest NV                7.125   06/01/2009    EUR     0.453
Getin Noble Bank SA        8.870  11/30/2023     PLN    66.875
Grupo Isolux Corsan SA     1.000  12/30/2021     USD     0.073
Sberbank of Russia PJSC    0.010   04/06/2026    RUB    76.100
Turkey Government Bond    10.600   02/11/2026    TRY    72.350
Sberbank of Russia PJSC    0.010   09/04/2026    RUB    73.500
Lehman Brothers Treasury   1.500   10/12/2010    EUR     0.100
Bulgaria Steel Finance B  12.000   05/04/2013    EUR     0.216
Sberbank of Russia PJSC    0.010   10/03/2028    RUB    73.800
Bibby Offshore Services    7.500   6/15/2021     GBP    11.625
Sberbank of Russia PJSC    0.010   11/02/2028    RUB    95.500
Sberbank of Russia PJSC    0.010   11/03/2026    RUB    73.500
Lehman Brothers Treasury   6.600   02/09/2009    EUR     0.100
Deutsche Bank AG/London    2.000  10/25/2023     TRY    63.199
Societe Wallonne de Fina   1.066   9/18/2046     EUR    75.262
Sberbank of Russia PJSC    0.010   8/31/2028     RUB    71.800
Barclays Bank PLC          2.000   06/12/2029    TRY    22.572
Raiffeisen Switzerland B  12.000   9/22/2022     CHF    50.800
Vasutvillamosito Kft       3.000   02/03/2031    HUF    73.200
Societe Generale Effekte  10.250  10/28/2022     EUR    64.100
Luzerner Kantonalbank AG  12.400   8/30/2022     USD    63.170
Zurcher Kantonalbank Fin  21.748   3/29/2022     EUR    72.060
Zurcher Kantonalbank Fin  30.000   8/17/2022     USD    38.240
UBS AG/London              9.000   11/10/2022    USD     6.710
Societe Generale Effekte  20.750   2/25/2022     EUR    40.240
Bank Vontobel AG          25.000  12/27/2022     CHF    65.400
Stelius Befektetoe Zartk   3.100   9/17/2030     HUF    74.500
Turkey Government Bond    11.700  11/13/2030     TRY    63.900
Laurel GmbH                7.125  11/16/2017     EUR     7.750
Ukraine Government Bond    6.000   5/16/2029     UAH    56.659
City of Novosibirsk Russ   7.850  11/27/2027     RUB    72.765
Region de Bruxelles-Capi   0.460  12/15/2051     EUR    74.763
EDOB Abwicklungs AG        7.500   04/01/2012    EUR     2.248
Sidetur Finance BV        10.000   4/20/2016     USD     0.770
Deutsche Bank AG/London    0.500   04/05/2038    MXN    26.753
Turkey Government Bond    10.500   08/11/2027    TRY    66.200
KPNQwest NV                7.125   06/01/2009    EUR     0.453
Lehman Brothers Treasury   5.220   03/01/2024    EUR     0.100
Ukraine Government Inter   4.375   1/27/2030     EUR    72.193
Astana Finance BV          7.875   06/08/2010    EUR    16.000
Leonteq Securities AG/Gu   4.000   2/21/2022     EUR    68.760
Leonteq Securities AG/Gu   8.130   2/21/2022     EUR    69.140
Societe Generale SA        7.280   05/06/2024    USD    61.300
Landesbank Baden-Wuertte   4.700   3/25/2022     EUR    46.970
Landesbank Baden-Wuertte   3.300   3/25/2022     EUR    58.460
UniCredit Bank AG          5.450   3/15/2022     EUR    47.490
UniCredit Bank AG          7.000   3/29/2022     EUR    33.490
Landesbank Baden-Wuertte   3.050   9/23/2022     EUR    63.310
Leonteq Securities AG      5.400   7/25/2022     CHF    61.700
UniCredit Bank AG          3.500   8/24/2022     EUR    59.960
UniCredit Bank AG          4.200   8/24/2022     EUR    68.510
Leonteq Securities AG      7.000   03/09/2022    CHF    70.200
Landesbank Baden-Wuertte   2.250   3/25/2022     EUR    73.140
BNP Paribas Issuance BV    7.980   1/20/2025     SEK    72.610
DekaBank Deutsche Giroze   2.500  10/24/2023     EUR    66.950
UniCredit Bank AG          3.600   10/05/2022    EUR    63.220
UniCredit Bank AG          4.200   9/21/2022     EUR    53.700
Landesbank Baden-Wuertte   2.150  12/23/2022     EUR    71.350
Landesbank Baden-Wuertte   3.000  12/23/2022     EUR    62.400
UniCredit Bank AG          3.750   9/14/2022     EUR    62.450
Landesbank Baden-Wuertte   3.000   9/23/2022     EUR    58.820
Societe Generale Effekte   5.600   09/04/2023    EUR    49.960
Landesbank Baden-Wuertte   2.800   4/25/2022     EUR    65.500
Erste Group Bank AG        4.350   2/28/2022     EUR    44.300
EFG International Financ   7.000   2/21/2022     CHF    66.880
Leonteq Securities AG/Gu   6.000   2/20/2023     CHF    69.650
Zurcher Kantonalbank Fin   8.000   2/25/2022     CHF    65.470
Vontobel Financial Produ  17.500   3/25/2022     EUR    69.630
Vontobel Financial Produ  16.000   3/25/2022     EUR    37.510
Vontobel Financial Produ  24.500   3/25/2022     EUR    29.730
Vontobel Financial Produ  19.000   3/25/2022     EUR    66.410
UBS AG/London              7.750   08/10/2022    CHF    43.000
UBS AG/London             14.250   08/10/2022    USD    72.400
EFG International Financ   4.500   02/12/2024    USD    68.740
Corner Banca SA           15.000   05/12/2022    CHF    53.890
Leonteq Securities AG/Gu  15.740   08/10/2022    USD    39.870
Bank Vontobel AG          16.000   05/12/2022    CHF    33.000
UniCredit Bank AG          3.800   6/28/2022     EUR    45.760
Leonteq Securities AG/Gu   2.500   06/05/2024    EUR    70.000
UniCredit Bank AG          4.250   6/28/2022     EUR    51.680
UniCredit Bank AG          3.700   6/25/2022     EUR    53.740
Zurcher Kantonalbank Fin  15.000   2/23/2022     CHF    52.360
DZ Bank AG Deutsche Zent   5.000  12/23/2022     EUR    46.010
DZ Bank AG Deutsche Zent   3.000  12/23/2022     EUR    52.820
DZ Bank AG Deutsche Zent   7.000  12/23/2022     EUR    42.700
Leonteq Securities AG/Gu  10.000   08/12/2022    CHF    63.040
Leonteq Securities AG     12.400   05/12/2022    CHF    60.230
Rosseti South PJSC         9.240   07/01/2022    RUB    70.020
Raiffeisen Switzerland B  10.500   07/11/2024    USD    17.020
Erste Group Bank AG        5.550   8/30/2022     EUR    53.000
UniCredit Bank AG          3.200   09/10/2022    EUR    56.070
Societe Generale SA        8.000   08/09/2022    USD    50.000
UniCredit Bank AG          3.500   10/08/2022    EUR    51.740
Vontobel Financial Produ   6.700   03/07/2022    EUR    52.220
UniCredit Bank AG          3.250   3/29/2022     EUR    19.550
UniCredit Bank AG          3.750   3/26/2022     EUR    60.440
DekaBank Deutsche Giroze   4.250   4/14/2022     EUR    40.810
DekaBank Deutsche Giroze   3.900   4/25/2022     EUR    41.940
UniCredit Bank AG          3.750   4/19/2022     EUR    59.640
UniCredit Bank AG          4.200   7/26/2022     EUR    34.140
UniCredit Bank AG          3.650   7/23/2022     EUR    54.390
Landesbank Baden-Wuertte   2.300   7/22/2022     EUR    65.110
Citigroup Global Markets   7.200   5/24/2023     SEK    64.270
UniCredit Bank AG          3.350   6/14/2022     EUR    54.990
UniCredit Bank AG          3.700   06/04/2022    EUR    57.120
Leonteq Securities AG      5.600   5/16/2022     CHF    60.820
Landesbank Baden-Wuertte   3.250  12/23/2022     EUR    67.340
Danske Bank A/S            8.050   07/09/2023    SEK    70.180
Landesbank Baden-Wuertte   3.400  11/25/2022     EUR    62.350
Landesbank Baden-Wuertte   3.400   1/27/2023     EUR    66.650
UniCredit Bank AG          5.150   01/02/2023    EUR    65.560
Landesbank Baden-Wuertte   3.400   2/24/2023     EUR    69.070
Vontobel Financial Produ  14.000   3/25/2022     EUR    24.100
Vontobel Financial Produ  17.000   3/25/2022     EUR    64.660
Vontobel Financial Produ  15.000   3/25/2022     EUR    38.710
Societe Generale SA       18.000   01/03/2024    USD    45.000
EFG International Financ   6.000  12/22/2023     USD    44.070
Landesbank Baden-Wuertte   3.250   2/24/2023     EUR    69.810
Vontobel Financial Produ  16.500   3/25/2022     EUR    65.650
Vontobel Financial Produ  18.000   3/25/2022     EUR    41.370
Vontobel Financial Produ  13.500   3/25/2022     EUR    47.020
Vontobel Financial Produ  15.000   3/25/2022     EUR    67.690
Vontobel Financial Produ  13.500   3/25/2022     EUR    69.870
DZ Bank AG Deutsche Zent  15.300   3/25/2022     EUR    67.180
Societe Generale Effekte   5.250   3/25/2022     EUR    64.320
Vontobel Financial Produ  16.500   3/25/2022     EUR    69.950
Societe Generale Effekte   7.250   3/25/2022     EUR    54.200
Raiffeisen Switzerland B  11.000   08/05/2022    EUR    53.030
UBS AG/London             22.500   6/16/2022     USD    63.550
UBS AG/London             11.750   6/16/2022     CHF    74.400
Vontobel Financial Produ  19.000   3/25/2022     EUR    34.400
Vontobel Financial Produ  16.500   3/25/2022     EUR    58.230
Societe Generale Effekte  15.250   3/25/2022     EUR    37.400
Vontobel Financial Produ   4.050   7/15/2022     EUR    33.300
Leonteq Securities AG/Gu  16.000   6/21/2022     USD    46.750
Leonteq Securities AG     13.000   6/21/2022     CHF    48.940
SG Issuer SA               6.700   07/10/2024    EUR    74.970
Zurcher Kantonalbank Fin   8.000   2/23/2022     CHF    43.240
UniCredit Bank AG          9.100   3/16/2022     EUR    67.160
UniCredit Bank AG         13.200   3/16/2022     EUR    51.400
Bank Vontobel AG           9.504   6/30/2022     CHF    49.000
VTB Bank PJSC              0.010  11/18/2025     RUB    74.510
VTB Bank PJSC              0.010   12/02/2025    RUB    95.860
VTB Bank PJSC              0.010   12/09/2025    RUB    72.800
VTB Bank PJSC              0.010  11/25/2025     RUB    74.560
Vontobel Financial Produ   9.750   3/25/2022     EUR    37.800
Bank Julius Baer & Co Lt  13.200   3/16/2022     CHF    42.150
Vontobel Financial Produ   6.650   3/16/2022     EUR    59.000
Vontobel Financial Produ  11.100   3/16/2022     EUR    59.250
Bank Vontobel AG          15.004   8/26/2022     CHF    43.200
Bank Julius Baer & Co Lt   7.000   06/10/2022    CHF    64.850
Leonteq Securities AG     16.000   06/10/2022    CHF    46.780
UniCredit Bank AG          6.250   04/07/2022    EUR    52.690
Vontobel Financial Produ  19.500   3/25/2022     EUR    64.430
Landesbank Baden-Wuertte   4.800   3/25/2022     EUR    67.670
UniCredit Bank AG          3.450   04/02/2024    EUR    64.000
Leonteq Securities AG/Gu  15.000   6/22/2022     EUR    66.890
Leonteq Securities AG/Gu  18.000   3/22/2022     USD    42.000
Vontobel Financial Produ  14.500   3/25/2022     EUR    71.810
Vontobel Financial Produ  17.500   3/25/2022     EUR    68.010
Vontobel Financial Produ  13.500   3/25/2022     EUR    29.450
Vontobel Financial Produ  11.500   3/25/2022     EUR    31.030
Vontobel Financial Produ   7.500   3/25/2022     EUR    34.960
Vontobel Financial Produ  16.000   3/25/2022     EUR    28.110
Vontobel Financial Produ  23.500   3/25/2022     EUR    70.460
Raiffeisen Switzerland B   9.000   03/08/2022    CHF    65.110
Zurcher Kantonalbank Fin  18.500   3/18/2022     CHF    54.780
Societe Generale Effekte  16.000   3/25/2022     EUR    50.720
Vontobel Financial Produ  17.750   3/25/2022     EUR    35.300
Goldman Sachs & Co Wertp  19.000   4/21/2022     EUR    67.610
Goldman Sachs & Co Wertp  20.000   3/23/2022     EUR    67.270
Societe Generale Effekte  17.750   3/25/2022     EUR    46.420
Credit Suisse AG/London   14.000   03/04/2022    EUR    43.320
Zurcher Kantonalbank Fin   8.500   06/10/2022    EUR    61.640
Corner Banca SA           11.000   9/15/2022     CHF    51.380
Leonteq Securities AG     16.000   3/15/2022     CHF    42.070
Leonteq Securities AG/Gu  17.600   03/08/2022    USD    23.850
Leonteq Securities AG/Gu  16.000   3/15/2022     EUR    64.140
Zurcher Kantonalbank Fin  19.000   3/24/2022     CHF    63.820
Zurcher Kantonalbank Fin  15.000   3/24/2022     USD    55.250
Landesbank Baden-Wuertte   2.700   4/25/2022     EUR    36.880
Bank Vontobel AG          11.500   4/25/2022     USD    39.400
Corner Banca SA           15.000   05/02/2022    USD    43.220
UBS AG/London             16.000   9/19/2022     CHF    61.050
Credit Suisse AG/London   10.000   3/17/2022     USD    50.070
BNP Paribas Issuance BV    6.240   3/28/2022     JPY    50.810
Leonteq Securities AG/Gu  10.000   3/22/2022     CHF    38.020
Barclays Bank PLC         14.250   3/20/2023     USD    59.350
Landesbank Baden-Wuertte   7.650   4/25/2022     EUR    75.340
Landesbank Baden-Wuertte   4.700   4/25/2022     EUR    32.680
Landesbank Baden-Wuertte   7.050   4/25/2022     EUR    29.540
Leonteq Securities AG/Gu  10.000   4/29/2022     USD    41.540
Landesbank Baden-Wuertte   3.200  11/25/2022     EUR    41.390
UBS AG/London             15.000   06/03/2022    USD    48.900
EFG International Financ  10.000   06/02/2022    CHF    53.010
Societe Generale SA       20.000   01/03/2024    USD    13.000
UBS AG/London             10.500   06/09/2022    CHF    52.850
UBS AG/London             12.250   06/09/2022    CHF    54.250
EFG International Financ  11.000   06/10/2022    USD    50.210
Nordea Bank Abp            4.100   7/20/2023     SEK    51.380
DekaBank Deutsche Giroze   4.250   05/03/2022    EUR    56.610
Corner Banca SA           15.000   03/07/2022    USD    41.440
DekaBank Deutsche Giroze   2.900   1/13/2023     EUR    66.990
Bank Vontobel AG           7.504   6/13/2022     CHF    46.300
Bank Vontobel AG           9.006   6/14/2022     CHF    71.900
Leonteq Securities AG     12.000   6/15/2022     CHF    40.670
EFG International Financ   6.200  12/18/2023     USD    39.860
Vontobel Financial Produ  14.500   3/25/2022     EUR    45.410
Vontobel Financial Produ  15.500   3/25/2022     EUR    43.940
Vontobel Financial Produ  17.000   3/25/2022     EUR    42.610
Vontobel Financial Produ  12.000   3/25/2022     EUR    48.720
Vontobel Financial Produ  22.000   3/25/2022     EUR    54.850
Vontobel Financial Produ  16.500   3/25/2022     EUR    63.970
Vontobel Financial Produ  12.000   3/25/2022     EUR    25.070
Vontobel Financial Produ  17.500   3/25/2022     EUR    22.430
Vontobel Financial Produ  16.000   3/25/2022     EUR    23.250
Vontobel Financial Produ  11.000   3/25/2022     EUR    50.610
Bank Vontobel AG           8.008   08/05/2022    EUR    68.400
Bank Vontobel AG           8.002   08/05/2022    EUR    68.400
Bank Vontobel AG          11.002   08/10/2022    CHF    70.400
Landesbank Baden-Wuertte   3.000   9/23/2022     EUR    64.640
Landesbank Baden-Wuertte   5.100  11/25/2022     EUR    37.820
Skandinaviska Enskilda B   9.020   7/17/2023     SEK    68.600
SecurAsset SA              5.250   6/30/2022     EUR    51.050
UniCredit Bank AG          4.450   7/23/2022     EUR    60.110
UniCredit Bank AG          4.150   7/26/2022     EUR    58.100
EFG International Financ  16.000   2/24/2022     CHF    58.470
EFG International Financ   5.870   2/25/2022     USD    45.500
Leonteq Securities AG/Gu  14.000   8/26/2022     USD    44.370
Societe Generale Effekte  10.500   3/25/2022     EUR    53.100
Societe Generale Effekte  12.500   3/25/2022     EUR    48.520
Societe Generale Effekte  14.500   3/25/2022     EUR    44.980
Societe Generale Effekte  16.500   3/25/2022     EUR    42.110
Leonteq Securities AG     11.000   8/26/2022     CHF    44.740
SG Issuer SA              24.300   03/02/2022    EUR    48.540
DZ Bank AG Deutsche Zent  12.500   3/23/2022     EUR    65.700
DZ Bank AG Deutsche Zent  13.700   3/25/2022     EUR    66.060
DZ Bank AG Deutsche Zent   7.900   3/25/2022     EUR    67.160
DZ Bank AG Deutsche Zent  16.300   3/25/2022     EUR    32.680
DZ Bank AG Deutsche Zent  19.400   3/25/2022     EUR    63.730
DZ Bank AG Deutsche Zent  21.800   3/25/2022     EUR    59.120
Societe Generale Effekte   9.250   3/25/2022     EUR    62.080
UBS AG/London             10.000   03/03/2022    CHF    50.450
UBS AG/London              9.500   03/03/2022    EUR    45.900
EFG International Financ  12.000   03/03/2022    CHF    68.100
Vontobel Financial Produ  11.000   3/25/2022     EUR    52.790
Vontobel Financial Produ   8.500   3/25/2022     EUR    57.470
Bank Vontobel AG          23.008   06/02/2022    CHF    60.100
Bank Vontobel AG           8.758   06/02/2022    CHF    51.300
Bank Vontobel AG           7.250   06/03/2022    CHF    64.400
Bank Vontobel AG          14.004   09/02/2022    CHF    72.500
Leonteq Securities AG     14.000   06/08/2022    CHF    56.410
Bank Vontobel AG          25.504   5/24/2022     CHF    51.500
Bank Vontobel AG          15.004   8/26/2022     CHF    43.200
EFG International Financ   8.200   03/01/2023    USD    62.850
Bank Vontobel AG          15.004   03/01/2022    EUR    28.700
UniCredit Bank AG         16.840   03/01/2022    NOK    64.630
Vontobel Financial Produ  16.500   3/25/2022     EUR    66.180
Vontobel Financial Produ  18.000   3/25/2022     EUR    64.740
Vontobel Financial Produ  19.000   3/25/2022     EUR    63.330
Vontobel Financial Produ   9.000   3/25/2022     EUR    30.800
Vontobel Financial Produ  15.000   3/25/2022     EUR    26.610
Vontobel Financial Produ   7.500   3/25/2022     EUR    32.670
Vontobel Financial Produ  14.500   3/25/2022     EUR    70.740
Vontobel Financial Produ  16.500   3/25/2022     EUR    36.350
Vontobel Financial Produ  19.500   3/25/2022     EUR    33.450
Vontobel Financial Produ  20.500   3/25/2022     EUR    32.610
Vontobel Financial Produ  17.500   3/25/2022     EUR    35.320
Vontobel Financial Produ  21.000   3/25/2022     EUR    31.770
Vontobel Financial Produ  22.000   3/25/2022     EUR    31.030
Vontobel Financial Produ  23.000   3/25/2022     EUR    30.340
Vontobel Financial Produ  24.000   3/25/2022     EUR    29.690
Bank Vontobel AG           6.507   8/17/2022     CHF    63.100
Vontobel Financial Produ   7.500   3/25/2022     EUR    22.370
Leonteq Securities AG/Gu   4.000   4/19/2022     EUR    73.530
Corner Banca SA           20.000   03/08/2022    CHF    49.100
Leonteq Securities AG/Gu  17.000   06/08/2022    USD    42.030
Vontobel Financial Produ  14.000   6/24/2022     EUR    67.290
Vontobel Financial Produ   7.500   3/25/2022     EUR    74.250
Vontobel Financial Produ   7.000   6/24/2022     EUR    74.290
Vontobel Financial Produ  19.500   6/24/2022     EUR    68.560
Vontobel Financial Produ  17.500   6/24/2022     EUR    71.320
Vontobel Financial Produ  20.500   3/25/2022     EUR    69.570
Vontobel Financial Produ  13.000   3/25/2022     EUR    68.060
UniCredit Bank AG          8.700   7/22/2022     EUR    70.270
UniCredit Bank AG          9.600   7/22/2022     EUR    68.450
Vontobel Financial Produ  18.000   3/25/2022     EUR    72.990
Vontobel Financial Produ   7.500   3/25/2022     EUR    60.210
Vontobel Financial Produ  20.500   3/25/2022     EUR    41.600
Bank Vontobel AG           8.001   10/07/2022    CHF    47.700
Landesbank Baden-Wuertte   4.450   4/25/2022     EUR    59.250
Leonteq Securities AG     26.140   4/14/2022     CHF    32.920
Zurcher Kantonalbank Fin  15.000   4/26/2022     USD    43.320
Zurcher Kantonalbank Fin  15.000   4/22/2022     CHF    61.510
UBS AG/London             11.250   4/14/2023     CHF    53.200
UBS AG/London             11.750  10/14/2022     CHF    62.700
UniCredit Bank AG          9.250   5/16/2022     EUR    47.540
Vontobel Financial Produ   9.000   6/24/2022     EUR    71.560
Vontobel Financial Produ  19.500   3/25/2022     EUR    70.780
UniCredit Bank AG          9.400  11/25/2022     EUR    68.200
Vontobel Financial Produ  11.250   3/25/2022     EUR    66.090
Vontobel Financial Produ  14.500   3/25/2022     EUR    70.810
Vontobel Financial Produ  18.500   3/25/2022     EUR    63.800
Landesbank Baden-Wuertte   4.450   4/25/2022     EUR    47.160
Landesbank Baden-Wuertte   3.750   4/25/2022     EUR    68.810
Landesbank Baden-Wuertte  10.000   4/25/2022     EUR    48.130
Leonteq Securities AG     22.340   4/14/2022     CHF    36.500
DZ Bank AG Deutsche Zent  18.200   3/25/2022     EUR    70.200
Vontobel Financial Produ  17.000   3/25/2022     EUR    56.590
Vontobel Financial Produ  23.500   3/25/2022     EUR    72.080
Landesbank Baden-Wuertte   4.000   3/25/2022     EUR    71.150
Leonteq Securities AG     20.000   3/15/2022     CHF    51.940
Leonteq Securities AG/Gu  18.000   3/15/2022     USD    41.700
Bank Vontobel AG          25.008   3/14/2022     CHF    43.600
Vontobel Financial Produ   8.000   3/25/2022     EUR    63.410
Vontobel Financial Produ  22.500   3/25/2022     EUR    46.160
Vontobel Financial Produ   7.000   3/25/2022     EUR    23.470
Vontobel Financial Produ  11.500   3/25/2022     EUR    64.550
UniCredit Bank AG         13.900   4/21/2022     EUR    67.430
Vontobel Financial Produ   9.000   4/13/2022     EUR    44.430
DZ Bank AG Deutsche Zent  16.700   3/25/2022     EUR    57.560
DZ Bank AG Deutsche Zent  13.900   3/25/2022     EUR    62.070
UBS AG/London             10.500   03/10/2022    CHF    59.600
UBS AG/London              9.250   03/10/2023    CHF    74.450
UBS AG/London             10.750   09/12/2022    CHF    72.850
Societe Generale Effekte  12.000   3/25/2022     EUR    59.260
Societe Generale Effekte  14.000   3/25/2022     EUR    54.520
Goldman Sachs & Co Wertp  17.000   6/22/2022     EUR    69.390
Goldman Sachs & Co Wertp  15.000   9/21/2022     EUR    72.400
DekaBank Deutsche Giroze   3.100   04/08/2022    EUR    65.570
DekaBank Deutsche Giroze   3.300   04/08/2022    EUR    51.490
Leonteq Securities AG/Gu   4.000   03/08/2022    EUR    61.660
Leonteq Securities AG     23.390   4/19/2022     CHF    36.850
Credit Suisse AG/London   11.000   4/15/2022     USD    38.560
Landesbank Baden-Wuertte   2.500   6/24/2022     EUR    67.370
Vontobel Financial Produ  10.000   3/25/2022     EUR    70.970
Vontobel Financial Produ  19.000   6/24/2022     EUR    69.500
Vontobel Financial Produ  21.500   3/25/2022     EUR    68.410
Vontobel Financial Produ  11.500   6/24/2022     EUR    69.290
Vontobel Financial Produ  18.000   6/24/2022     EUR    70.300
UniCredit Bank AG         10.600   7/22/2022     EUR    66.760
UniCredit Bank AG          8.600  11/25/2022     EUR    71.070
Vontobel Financial Produ  14.500   3/25/2022     EUR    68.630
Vontobel Financial Produ  14.500   3/25/2022     EUR    67.860
DekaBank Deutsche Giroze   1.000   1/20/2025     EUR    63.510
DZ Bank AG Deutsche Zent  10.250   3/23/2022     EUR    31.380
Zurcher Kantonalbank Fin  12.250   03/11/2022    CHF    55.720
Leonteq Securities AG/Gu  17.600   06/08/2022    USD    33.480
Leonteq Securities AG/Gu  16.400   06/02/2022    CHF    33.060
Landesbank Baden-Wuertte   4.050   3/24/2023     EUR    40.470
Landesbank Baden-Wuertte   3.150   3/24/2023     EUR    74.520
DZ Bank AG Deutsche Zent  17.700   3/25/2022     EUR    59.230
DZ Bank AG Deutsche Zent  16.700   3/25/2022     EUR    28.950
DZ Bank AG Deutsche Zent  12.600   3/25/2022     EUR    36.370
DZ Bank AG Deutsche Zent  20.200   3/25/2022     EUR    29.810
Societe Generale Effekte   7.250   3/25/2022     EUR    71.060
Vontobel Financial Produ   9.750   3/25/2022     EUR    61.340
Landesbank Baden-Wuertte   7.200   4/25/2022     EUR    42.070
Landesbank Baden-Wuertte   2.000   4/25/2022     EUR    73.480
Landesbank Baden-Wuertte   6.700   4/25/2022     EUR    53.360
EFG International Financ  18.000   4/14/2022     CHF    40.770
DZ Bank AG Deutsche Zent  14.900   6/24/2022     EUR    71.420
Vontobel Financial Produ  15.000   3/25/2022     EUR    61.500
Leonteq Securities AG/Gu  15.000   4/13/2022     CHF    34.010
Goldman Sachs & Co Wertp  22.000   6/22/2022     EUR    68.150
Bank Julius Baer & Co Lt   7.400   7/13/2022     CHF    72.200
DZ Bank AG Deutsche Zent  12.600   3/25/2022     EUR    72.330
UBS AG/London             12.500   6/23/2022     USD    52.000
Nordea Bank Abp            9.000   7/20/2024     SEK    73.050
Credit Suisse AG/London   16.300  12/26/2023     USD    62.150
UniCredit Bank AG          5.350   2/27/2023     EUR    58.990
EFG International Financ   7.000  12/29/2022     USD    25.280
UBS AG/London             13.000   6/23/2022     CHF    52.350
UBS AG/London              6.250  12/23/2022     CHF    55.600
UBS AG/London              8.750   6/23/2022     CHF    51.200
Landesbank Baden-Wuertte   8.100   8/26/2022     EUR    59.840
Landesbank Baden-Wuertte   3.150   8/26/2022     EUR    75.710
Vontobel Financial Produ   0.212   02/03/2023    EUR    59.000
Raiffeisen Switzerland B   9.000   7/29/2022     CHF    68.820
UBS AG/London             11.250   02/03/2023    CHF    62.100
UBS AG/London             10.250   08/03/2022    CHF    72.850
Leonteq Securities AG     12.000   05/03/2022    CHF    61.420
Landesbank Baden-Wuertte   6.000   8/26/2022     EUR    65.800
Landesbank Baden-Wuertte   4.050   8/26/2022     EUR    33.960
UniCredit Bank AG          8.300   03/02/2022    EUR    39.770
Vontobel Financial Produ  18.500   3/25/2022     EUR    64.380
Vontobel Financial Produ  16.000   3/25/2022     EUR    69.370
EFG International Financ   6.200   08/05/2022    EUR    50.820
Vontobel Financial Produ  21.500   3/25/2022     EUR    60.470
Societe Generale Effekte  13.250   3/25/2022     EUR    40.080
Societe Generale Effekte   9.250   3/25/2022     EUR    47.890
Societe Generale Effekte  11.250   3/25/2022     EUR    43.500
BNP Paribas Emissions- u  11.000   6/23/2022     EUR    39.340
BNP Paribas Emissions- u  13.000   6/23/2022     EUR    38.050
BNP Paribas Emissions- u  15.000   6/23/2022     EUR    36.150
BNP Paribas Emissions- u   8.500   3/24/2022     EUR    39.730
BNP Paribas Emissions- u  10.000   3/24/2022     EUR    38.060
BNP Paribas Emissions- u  13.000   3/24/2022     EUR    36.670
BNP Paribas Emissions- u   8.500   6/23/2022     EUR    41.900
BNP Paribas Emissions- u   9.000   6/23/2022     EUR    40.300
BNP Paribas Emissions- u  12.000   3/24/2022     EUR    70.880
BNP Paribas Emissions- u  14.000   3/24/2022     EUR    66.400
EFG International Financ   7.100   04/06/2022    EUR    70.520
Zurcher Kantonalbank Fin  15.000   4/20/2022     CHF    68.350
Vontobel Financial Produ   5.500   6/17/2022     USD    51.940
Bank Vontobel AG          13.005   10/03/2022    CHF    49.300
Bank Julius Baer & Co Lt  14.650   07/07/2022    USD    46.350
Leonteq Securities AG     18.000   04/08/2022    CHF    47.390
Raiffeisen Switzerland B  10.000   04/06/2022    CHF    69.670
UBS AG/London             14.250   10/07/2022    USD    55.050
BNP Paribas Emissions- u   9.500   3/24/2022     EUR    72.960
BNP Paribas Emissions- u  12.000   3/24/2022     EUR    71.100
BNP Paribas Emissions- u   9.500   3/24/2022     EUR    52.170
BNP Paribas Emissions- u  12.000   3/24/2022     EUR    50.740
BNP Paribas Emissions- u  12.000   3/24/2022     EUR    48.260
BNP Paribas Emissions- u  14.000   3/24/2022     EUR    46.170
BNP Paribas Emissions- u  18.000   3/24/2022     EUR    42.570
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    55.540
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    52.910
BNP Paribas Emissions- u  14.000   6/23/2022     EUR    49.620
Landesbank Baden-Wuertte   5.000   3/25/2022     EUR    33.320
Leonteq Securities AG     14.000   5/19/2022     CHF    36.220
Bank Vontobel AG          10.507   8/19/2022     CHF    47.900
Bank Vontobel AG          12.008   8/19/2022     CHF    39.400
Bank Vontobel AG          12.006   8/19/2022     CHF    70.000
Leonteq Securities AG     15.000   5/19/2022     CHF    31.940
Vontobel Financial Produ   7.000   3/25/2022     EUR    42.130
Vontobel Financial Produ   8.750   3/25/2022     EUR    70.520
Vontobel Financial Produ   8.250   3/25/2022     EUR    69.410
Leonteq Securities AG/Gu   9.300   8/24/2022     USD    49.060
UBS AG/London             11.000   8/24/2022     CHF    66.650
UBS AG/London             15.250   2/24/2022     USD    31.500
Leonteq Securities AG/Gu   9.450   5/13/2022     USD    29.850
Leonteq Securities AG/Gu  28.960   5/17/2022     CHF    57.990
Vontobel Financial Produ  12.000   3/25/2022     EUR    71.160
Zurcher Kantonalbank Fin  23.000   2/25/2022     USD    52.780
Zurcher Kantonalbank Fin  20.500   2/25/2022     USD    52.150
Credit Suisse AG/London    7.250   5/18/2022     CHF    65.690
Credit Suisse AG/London    8.100   8/23/2022     CHF    67.220
Credit Suisse AG/London   10.000   5/13/2022     USD    45.350
Vontobel Financial Produ  18.500   6/24/2022     EUR    59.360
Corner Banca SA           11.000  11/17/2022     EUR    66.290
Leonteq Securities AG/Gu  18.000   5/17/2022     USD    46.850
Leonteq Securities AG/Gu  13.200   5/13/2022     USD    48.250
Leonteq Securities AG/Gu  10.000   8/17/2022     CHF    48.560
Vontobel Financial Produ  11.300   5/17/2022     USD    44.150
Vontobel Financial Produ  11.750   6/24/2022     EUR    63.700
Vontobel Financial Produ  11.750   6/24/2022     EUR    71.590
Vontobel Financial Produ  21.000   6/24/2022     EUR    67.880
Vontobel Financial Produ  19.000   6/24/2022     EUR    70.180
Vontobel Financial Produ  21.000   3/25/2022     EUR    70.290
Vontobel Financial Produ  22.500   3/25/2022     EUR    70.430
Vontobel Financial Produ   5.550   5/18/2022     EUR    57.840
Bank Julius Baer & Co Lt  11.200   5/18/2022     CHF    56.850
EFG International Financ   6.300   5/18/2023     USD    57.460
Societe Generale Effekte   9.250   5/27/2022     EUR    53.980
Societe Generale Effekte  11.250   5/27/2022     EUR    50.250
Societe Generale Effekte  13.250   5/27/2022     EUR    47.460
Societe Generale Effekte  15.250   5/27/2022     EUR    45.260
Corner Banca SA            7.600  11/18/2022     USD    46.660
Credit Suisse AG/London   10.000   5/19/2022     CHF    55.970
UBS AG/London             10.250  11/21/2022     CHF    59.900
Vontobel Financial Produ  14.500   3/25/2022     EUR    55.520
Vontobel Financial Produ  19.500   3/25/2022     EUR    50.270
Vontobel Financial Produ   8.000   3/25/2022     EUR    66.530
Bank Julius Baer & Co Lt  10.000   3/28/2022     USD    49.750
DVM Construction Fovalla   3.000   7/29/2030     HUF    72.500
Landesbank Baden-Wuertte   3.500   8/26/2022     EUR    33.660
Landesbank Baden-Wuertte   5.450   8/26/2022     EUR    29.640
Landesbank Baden-Wuertte   3.050   3/25/2022     EUR    36.680
Landesbank Baden-Wuertte   7.300   3/25/2022     EUR    30.620
Landesbank Baden-Wuertte   3.500   3/25/2022     EUR    74.350
Raiffeisen Centrobank AG  10.000   3/24/2023     EUR    60.410
Bank Vontobel AG          10.508   8/19/2022     CHF    47.900
Leonteq Securities AG     15.000   8/19/2022     CHF    59.110
Corner Banca SA           19.000   5/23/2022     USD    32.610
Leonteq Securities AG/Gu  10.000   5/19/2022     CHF    48.660
Leonteq Securities AG/Gu   5.700   8/19/2022     USD    54.940
Vontobel Financial Produ  10.500   3/25/2022     EUR    64.460
Vontobel Financial Produ  13.500   3/25/2022     EUR    60.200
Vontobel Financial Produ   8.000   3/25/2022     EUR    69.510
Leonteq Securities AG     17.000   2/23/2022     CHF    38.660
Vontobel Financial Produ  13.000   3/25/2022     EUR    65.660
Vontobel Financial Produ  11.000   3/25/2022     EUR #N/A N/A
Vontobel Financial Produ  23.500   3/25/2022     EUR    67.970
Vontobel Financial Produ  22.000   3/25/2022     EUR    70.320
Vontobel Financial Produ  22.000   3/25/2022     EUR    65.940
UBS AG/London             10.000   3/23/2026     USD    50.990
Zurcher Kantonalbank Fin  18.000   04/01/2022    USD    64.290
UniCredit Bank AG          8.000   4/20/2022     EUR    58.750
DZ Bank AG Deutsche Zent  14.400   3/25/2022     EUR    34.890
DZ Bank AG Deutsche Zent  16.700   3/25/2022     EUR    32.790
DZ Bank AG Deutsche Zent  21.700   3/25/2022     EUR    55.170
DZ Bank AG Deutsche Zent  17.900   3/25/2022     EUR    68.930
DZ Bank AG Deutsche Zent  18.600   3/25/2022     EUR    63.880
UBS AG/London             12.250   3/24/2022     CHF    52.600
UBS AG/London             13.250   4/29/2022     CHF    64.900
Bank Vontobel AG          10.000   5/16/2022     CHF    41.100
DZ Bank AG Deutsche Zent  17.700   3/25/2022     EUR    62.430
Bank Vontobel AG           4.255   6/27/2022     CHF    61.500
Bank Vontobel AG          28.506   3/28/2022     CHF    58.700
Societe Generale Effekte  10.750   3/25/2022     EUR    65.490
Societe Generale Effekte  12.750   3/25/2022     EUR    62.310
Raiffeisen Switzerland B  14.000   3/29/2022     CHF    71.380
UBS AG/London             16.750   3/31/2022     CHF    52.600
Credit Suisse AG/London   11.000   3/28/2022     USD    38.610
DZ Bank AG Deutsche Zent   8.000   6/24/2022     EUR    72.670
DZ Bank AG Deutsche Zent   8.000   6/24/2022     EUR    65.830
Zurcher Kantonalbank Fin  17.250   4/14/2022     CHF    57.680
BNP Paribas Emissions- u   9.000   3/24/2022     EUR    74.390
BNP Paribas Emissions- u   8.000   6/23/2022     EUR    74.920
BNP Paribas Emissions- u   9.500   6/23/2022     EUR    74.010
BNP Paribas Emissions- u  13.000   3/24/2022     EUR    47.410
BNP Paribas Emissions- u  15.000   3/24/2022     EUR    45.000
BNP Paribas Emissions- u  16.000   3/24/2022     EUR    44.280
BNP Paribas Emissions- u   9.500   6/23/2022     EUR    56.490
BNP Paribas Emissions- u  12.000   6/23/2022     EUR    51.160
BNP Paribas Emissions- u  15.000   6/23/2022     EUR    48.720
BNP Paribas Emissions- u  15.000   6/23/2022     EUR    47.180
BNP Paribas Emissions- u   8.500   3/24/2022     EUR    54.420
BNP Paribas Emissions- u   9.000   3/24/2022     EUR    53.270
Vontobel Financial Produ   9.500   3/25/2022     EUR    61.400
Corner Banca SA           16.000   04/06/2022    CHF    44.720
Vontobel Financial Produ   6.000   3/25/2022     EUR    66.660
Leonteq Securities AG/Gu   2.700   04/01/2026    EUR    44.860
Leonteq Securities AG/Gu  19.000   04/08/2022    USD    47.550
UBS AG/London             15.500   04/07/2022    USD    72.650
UBS AG/London              9.500   04/11/2022    CHF    56.800
Leonteq Securities AG     18.000   3/29/2022     CHF    37.630
DZ Bank AG Deutsche Zent   6.250   3/23/2022     EUR    73.740
DZ Bank AG Deutsche Zent  10.500   4/22/2022     EUR    35.890
UniCredit Bank AG          7.950   4/27/2022     EUR    67.600
UniCredit Bank AG          9.250   4/27/2022     EUR    64.920
Landesbank Baden-Wuertte   4.050  10/28/2022     EUR    46.870
Landesbank Baden-Wuertte   3.500  10/28/2022     EUR    46.800
Corner Banca SA           12.000   06/01/2022    CHF    51.150
UBS AG/London             16.250   07/07/2022    CHF    69.500
UBS AG/London             16.300   01/08/2024    EUR     8.690
EFG International Financ   9.350   01/12/2023    CHF    60.550
Zurcher Kantonalbank Fin   8.250   7/20/2022     EUR    58.590
EFG International Financ   8.000   7/22/2022     CHF    63.380
Leonteq Securities AG     13.000   05/09/2022    CHF    41.780
Corner Banca SA           14.000   05/09/2022    CHF    41.940
UBS AG/London             13.250   05/12/2022    USD    45.300
UBS AG/London             13.500   05/12/2022    USD    45.350
UniCredit Bank AG          5.250   12/01/2023    EUR    44.520
Leonteq Securities AG     15.000   3/30/2022     CHF    60.280
Landesbank Baden-Wuertte   6.350  10/28/2022     EUR    42.680
Landesbank Baden-Wuertte   5.750  10/28/2022     EUR    43.070
DZ Bank AG Deutsche Zent  20.300   3/25/2022     EUR    69.160
DZ Bank AG Deutsche Zent  17.100   3/25/2022     EUR    41.900
DZ Bank AG Deutsche Zent  22.700   3/25/2022     EUR    65.970
Bank Vontobel AG           6.007   9/26/2022     CHF    63.500
Bank Vontobel AG           6.007   9/26/2022     CHF    63.500
Bank Vontobel AG           9.000   9/26/2022     EUR    65.200
Bank Vontobel AG           9.009   9/26/2022     EUR    65.200
Bank Vontobel AG          14.006   9/26/2022     CHF    39.800
Bank Vontobel AG          12.751   6/27/2022     CHF    42.000
Bank Vontobel AG          15.009   6/27/2022     CHF    34.400
Bank Vontobel AG          22.008   6/27/2022     CHF    54.400
Societe Generale Effekte   8.750   3/25/2022     EUR    69.390
UBS AG/London             16.000   9/30/2022     CHF    48.500
Zurcher Kantonalbank Fin  14.250   4/19/2022     CHF    57.500
Leonteq Securities AG     18.000   04/12/2022    CHF    36.000
Leonteq Securities AG     22.860   04/12/2022    CHF    29.850
DZ Bank AG Deutsche Zent   8.000   6/22/2022     EUR    67.210
Vontobel Financial Produ  18.000   3/25/2022     EUR    50.460
Vontobel Financial Produ   8.500   3/25/2022     EUR    38.510
Vontobel Financial Produ  13.250   3/25/2022     EUR    70.750
Vontobel Financial Produ  10.250   3/25/2022     EUR    38.690
Goldman Sachs & Co Wertp  23.000   5/25/2022     EUR    66.750
Corner Banca SA           14.000   9/26/2022     USD    58.430
Goldman Sachs & Co Wertp  11.000   6/22/2022     EUR    70.190
BNP Paribas Emissions- u  16.000   3/24/2022     EUR    67.750
BNP Paribas Emissions- u   8.000   3/24/2022     EUR    40.980
BNP Paribas Emissions- u  14.000   3/24/2022     EUR    35.740
BNP Paribas Emissions- u  15.000   3/24/2022     EUR    34.860
BNP Paribas Emissions- u  17.000   3/24/2022     EUR    32.450
BNP Paribas Emissions- u   8.000   6/23/2022     EUR    43.010
Societe Generale SA       18.000   05/02/2024    USD    55.600
UniCredit Bank AG          6.200   4/13/2022     EUR    40.820
Landesbank Baden-Wuertte   5.200   5/27/2022     EUR    40.140
Landesbank Baden-Wuertte   7.750   5/27/2022     EUR    37.030
Landesbank Baden-Wuertte   6.500   5/27/2022     EUR    38.120
EFG International Financ  17.000   3/17/2022     USD    45.950
UBS AG/London              7.500   3/17/2023     CHF    73.550
Bank Vontobel AG           6.002   08/12/2022    EUR    63.100
EFG International Financ  23.000   3/17/2022     CHF    42.270
Vontobel Financial Produ  15.000   3/25/2022     EUR    41.390
UBS AG/London              9.750   3/17/2023     CHF    64.150
Bank Julius Baer & Co Lt  12.050   3/18/2022     USD    58.800
Leonteq Securities AG/Gu  15.000   6/16/2022     USD    51.840
Leonteq Securities AG/Gu  10.000   4/26/2022     EUR    56.580
Erste Group Bank AG        7.250   03/03/2026    EUR    51.400
Goldman Sachs & Co Wertp  10.000   3/23/2022     EUR    73.030
Goldman Sachs & Co Wertp  13.000   6/22/2022     EUR    71.380
UniCredit Bank AG          4.450   09/11/2023    EUR    28.620
Landesbank Baden-Wuertte   3.150   6/24/2022     EUR    32.950
Landesbank Baden-Wuertte   4.850   6/24/2022     EUR    28.500
Bank Julius Baer & Co Lt  10.200   5/30/2023     EUR    12.650
Societe Generale SA       20.000   8/31/2023     USD    61.250
Landesbank Baden-Wuertte   3.000  10/25/2024     EUR    37.310
Vontobel Financial Produ  16.500   3/25/2022     EUR    55.650
Vontobel Financial Produ  12.000   3/25/2022     EUR    44.640
Vontobel Financial Produ  11.000   3/25/2022     EUR #N/A N/A
Vontobel Financial Produ  12.000   3/25/2022     EUR    69.880
EFG International Financ   7.000   3/23/2023     USD    33.820
Vontobel Financial Produ  10.000   3/25/2022     EUR    62.330
Credit Suisse AG/London    8.500   06/08/2022    CHF    70.010
DZ Bank AG Deutsche Zent  14.800   3/25/2022     EUR    70.150
DZ Bank AG Deutsche Zent  23.500   3/25/2022     EUR    52.340
DZ Bank AG Deutsche Zent  21.600   3/25/2022     EUR    61.700
DZ Bank AG Deutsche Zent  16.600   3/25/2022     EUR    69.340
DZ Bank AG Deutsche Zent  15.100   3/25/2022     EUR    50.720
DZ Bank AG Deutsche Zent  16.600   3/25/2022     EUR    48.360
DZ Bank AG Deutsche Zent  19.800   3/25/2022     EUR    44.330
BNP Paribas SA            29.000   3/28/2022     USD    64.370
UniCredit Bank AG          8.200   2/16/2022     EUR    52.850
Leonteq Securities AG/Gu  13.000   7/25/2022     USD    44.740
UniCredit Bank AG          6.000   7/28/2023     EUR    41.350
UBS AG/London             10.000   07/08/2022    CHF    60.550
Bank Julius Baer & Co Lt  10.150   4/25/2022     USD    50.000
UBS AG/London             14.000   1/18/2024     USD    51.260
Leonteq Securities AG/Gu  17.680   05/06/2022    CHF    56.380
EFG International Financ  15.000   9/26/2022     CHF    60.680
UBS AG/London             26.250   9/26/2022     USD    70.150
UBS AG/London             15.500   3/24/2022     CHF    58.550
Vontobel Financial Produ   9.200   3/23/2022     EUR    37.260
Vontobel Financial Produ   6.400   2/28/2022     EUR    47.980
Vontobel Financial Produ  13.500   3/25/2022     EUR    60.800
Vontobel Financial Produ  18.000   3/25/2022     EUR    53.430
Vontobel Financial Produ  11.000   3/25/2022     EUR    67.400
UBS AG/London             11.250   07/01/2022    CHF #N/A N/A
Vontobel Financial Produ  10.500   3/25/2022     EUR    21.610
Vontobel Financial Produ  17.000   3/25/2022     EUR    52.730
Vontobel Financial Produ  12.000   3/25/2022     EUR    58.680
Leonteq Securities AG/Gu  11.000   08/10/2022    USD    45.940
UniCredit Bank AG          6.500   9/15/2022     EUR    47.420
UniCredit Bank AG          7.300   6/14/2024     EUR    70.510
DZ Bank AG Deutsche Zent  24.100   3/25/2022     EUR    68.530
Bank Julius Baer & Co Lt  11.200   05/12/2022    CHF    67.800
EFG International Financ  22.000   05/12/2022    CHF    59.860
EFG International Financ  14.000   05/12/2022    USD    58.580
UBS AG/London             14.750  11/14/2022     CHF    65.500
UBS AG/London             10.500  11/14/2022     CHF    64.800
Corner Banca SA           15.000   5/25/2022     CHF    49.200
Corner Banca SA           15.000  11/21/2022     USD    64.980
Leonteq Securities AG/Gu  13.000  11/21/2022     USD    43.400
Corner Banca SA           16.000   08/10/2022    EUR    61.230
Credit Suisse AG/London    9.500   05/10/2022    CHF    54.530
Leonteq Securities AG/Gu  21.530   5/17/2022     CHF    34.570
Leonteq Securities AG/Gu  21.420   05/11/2022    CHF    35.320
Credit Suisse AG/London   13.250   05/04/2022    USD    45.090
Vontobel Financial Produ  16.500   6/24/2022     EUR    58.690
Leonteq Securities AG/Gu   7.000   7/22/2022     CHF    71.680
Goldman Sachs & Co Wertp  14.000   3/23/2022     EUR    70.220
Goldman Sachs & Co Wertp  12.000   3/23/2022     EUR    68.530
Leonteq Securities AG/Gu  22.080   05/06/2022    CHF    39.500
Leonteq Securities AG/Gu   7.000   11/07/2022    CHF    77.020
Leonteq Securities AG/Gu  11.000   08/10/2022    CHF    55.780
DZ Bank AG Deutsche Zent  12.700   3/25/2022     EUR    67.570
UBS AG/London             21.250   3/24/2022     USD    61.300
UBS AG/London             15.500   3/24/2022     CHF    47.300
UBS AG/London             29.750   3/24/2022     CHF    58.950
Bank Julius Baer & Co Lt  16.000   05/11/2022    EUR    31.450
Bank Vontobel AG          20.004   08/10/2022    CHF    72.400
UBS AG/London              6.500   8/24/2022     CHF    39.600
Bank Julius Baer & Co Lt   8.550   5/13/2022     USD    53.850
DekaBank Deutsche Giroze   6.000   3/24/2022     EUR    60.950
Zurcher Kantonalbank Fin  19.800   2/25/2022     CHF    51.980
Vontobel Financial Produ  16.000   6/24/2022     EUR    68.390
Vontobel Financial Produ  16.000   3/25/2022     EUR    50.530
Vontobel Financial Produ  13.500   3/25/2022     EUR    54.070
Vontobel Financial Produ  18.500   3/25/2022     EUR    47.480
Vontobel Financial Produ  21.000   3/25/2022     EUR    44.840
Vontobel Financial Produ  13.500   6/24/2022     EUR    70.200
Vontobel Financial Produ  17.500   6/24/2022     EUR    65.210
Bank Vontobel AG           9.003  11/14/2022     CHF    66.400
EFG International Financ  13.000  11/14/2022     CHF    49.590
Societe Generale Effekte   7.000   3/25/2022     EUR    61.740
Societe Generale Effekte   7.500   5/27/2022     EUR    60.040
Landesbank Baden-Wuertte   2.200   1/27/2023     EUR    32.220
UBS AG/London             14.750   5/25/2022     CHF    46.950
UBS AG/London             12.250  11/18/2022     EUR #N/A N/A
Landesbank Baden-Wuertte   3.400   8/23/2024     EUR    33.220
DekaBank Deutsche Giroze   3.500   11/04/2022    EUR    57.220
Zurcher Kantonalbank Fin  11.500   3/25/2022     CHF    52.560
Landesbank Baden-Wuertte   3.000   5/27/2022     EUR    44.250
Landesbank Baden-Wuertte   5.300   6/24/2022     EUR    72.920
Landesbank Baden-Wuertte   3.500   5/27/2022     EUR    43.400
EFG International Financ   9.070   3/17/2022     USD    61.470
Bank Julius Baer & Co Lt   7.300   2/22/2022     EUR    63.700
UBS AG/London             13.500   5/18/2022     CHF    39.200
Leonteq Securities AG/Gu  11.000   05/05/2022    CHF    47.970
Leonteq Securities AG/Gu   9.000   02/08/2023    CHF    67.360
Societe Generale SA       16.000   2/29/2024     USD    24.300
Nordea Bank Abp            6.063   7/20/2024     SEK    72.660
Vontobel Financial Produ   7.500   6/24/2022     EUR    65.990
Vontobel Financial Produ  18.000   6/24/2022     EUR    66.930
Credit Suisse AG/London   11.000   6/15/2022     CHF    51.440
Vontobel Financial Produ  18.000   6/24/2022     EUR    69.830
Raiffeisen Centrobank AG   7.500   07/07/2023    EUR    69.420
Vontobel Financial Produ  23.950   06/03/2022    EUR    19.380
Vontobel Financial Produ  12.400   3/16/2022     EUR    35.630
Vontobel Financial Produ  15.500   06/02/2022    EUR    72.440
Landesbank Baden-Wuertte   5.100  11/25/2022     EUR    50.780
Landesbank Baden-Wuertte   3.800  11/25/2022     EUR    71.600
Landesbank Baden-Wuertte   8.600   6/24/2022     EUR    44.030
Landesbank Baden-Wuertte   5.100   6/24/2022     EUR    50.620
DZ Bank AG Deutsche Zent  24.400   6/24/2022     EUR    60.660
DZ Bank AG Deutsche Zent  14.000   6/24/2022     EUR    51.310
DZ Bank AG Deutsche Zent  20.000   6/24/2022     EUR    45.610
DZ Bank AG Deutsche Zent  17.600   6/24/2022     EUR    39.570
Landesbank Baden-Wuertte   4.350  11/25/2022     EUR    58.100
Landesbank Baden-Wuertte   6.600  11/25/2022     EUR    54.650
DZ Bank AG Deutsche Zent  15.400   6/24/2022     EUR    67.740
DZ Bank AG Deutsche Zent  19.500   6/24/2022     EUR    62.130
DZ Bank AG Deutsche Zent  21.700   3/25/2022     EUR    62.310
DZ Bank AG Deutsche Zent  15.800   3/25/2022     EUR    63.730
DZ Bank AG Deutsche Zent  12.000   6/24/2022     EUR    69.490
DZ Bank AG Deutsche Zent  15.800   6/24/2022     EUR    64.410
DZ Bank AG Deutsche Zent  19.500   3/25/2022     EUR    61.060
DZ Bank AG Deutsche Zent  24.500   6/24/2022     EUR    58.950
Landesbank Baden-Wuertte   2.500   6/24/2022     EUR    62.150
Landesbank Baden-Wuertte   7.150   6/24/2022     EUR    53.370
Vontobel Financial Produ   3.500   07/03/2023    EUR    68.300
EFG International Financ  24.000   06/07/2022    USD    25.870
Zurcher Kantonalbank Fin  19.000   06/10/2022    USD    66.010
Zurcher Kantonalbank Fin  22.750   06/10/2022    USD    53.080
Credit Suisse AG/London   13.000   6/16/2022     CHF    68.850
UBS AG/London             12.500  12/16/2022     CHF    62.150
UBS AG/London              9.000   6/16/2022     CHF    51.750
UBS AG/London             10.250   6/16/2022     CHF    54.050
UBS AG/London             11.500   6/16/2022     CHF    71.050
Vontobel Financial Produ  17.000   6/24/2022     EUR    58.840
Vontobel Financial Produ  10.500   6/24/2022     EUR    69.170
Vontobel Financial Produ  15.000   6/24/2022     EUR    64.360
Zurcher Kantonalbank Fin  11.000   6/24/2022     CHF    68.560
Zurcher Kantonalbank Fin  21.500   6/24/2022     USD    58.820
Leonteq Securities AG/Gu  16.000   06/01/2022    USD    33.590
BNP Paribas SA            20.200   5/31/2022     USD    72.500
Leonteq Securities AG/Gu   6.000   12/01/2023    CHF    77.420
Bank Julius Baer & Co Lt   7.250   06/02/2022    CHF    67.200
Zurcher Kantonalbank Fin  10.000   06/08/2022    USD    43.140
UniCredit Bank AG         12.000   6/16/2022     EUR    45.490
Societe Generale Effekte  11.250   6/24/2022     EUR    53.640
Societe Generale Effekte  13.250   6/24/2022     EUR    50.820
Societe Generale Effekte  15.250   6/24/2022     EUR    48.490
Vontobel Financial Produ  18.750   6/24/2022     EUR    32.060
Vontobel Financial Produ  18.250   6/24/2022     EUR    61.390
Vontobel Financial Produ  14.750   6/24/2022     EUR    67.450
Vontobel Financial Produ   7.750   6/24/2022     EUR    67.340
Vontobel Financial Produ   9.000   6/24/2022     EUR    67.730
Vontobel Financial Produ  12.500   6/24/2022     EUR    67.200
Vontobel Financial Produ  17.000   6/24/2022     EUR    49.330
Vontobel Financial Produ  14.500   6/24/2022     EUR    30.690
Societe Generale Effekte   5.250   6/24/2022     EUR    68.920
Societe Generale Effekte   7.250   6/24/2022     EUR    62.250
Societe Generale Effekte   9.250   6/24/2022     EUR    57.370
Leonteq Securities AG/Gu   7.400   12/01/2023    USD    76.710
DZ Bank AG Deutsche Zent   7.250   6/22/2022     EUR    70.010
DekaBank Deutsche Giroze   4.000   8/18/2022     EUR    62.870
DZ Bank AG Deutsche Zent  10.750   8/24/2022     EUR    58.270
DZ Bank AG Deutsche Zent  12.500   8/24/2022     EUR    47.480
Leonteq Securities AG/Gu  10.600   7/19/2022     USD    29.270
Leonteq Securities AG/Gu  13.000   7/19/2022     USD    38.100
Vontobel Financial Produ  13.500   9/23/2022     EUR    71.360
Leonteq Securities AG/Gu  27.800   4/22/2022     CHF    48.420
Leonteq Securities AG/Gu  20.000   7/20/2022     CHF    56.890
Vontobel Financial Produ  10.500   9/23/2022     EUR    37.590
Zurcher Kantonalbank Fin  16.000   7/28/2022     CHF    56.280
Vontobel Financial Produ  11.700   1/24/2023     USD    57.150
Bank Vontobel AG          15.000  10/13/2022     CHF    59.300
UniCredit Bank AG          9.550   8/17/2022     EUR    45.060
UniCredit Bank AG          8.050   8/17/2022     EUR    64.890
DZ Bank AG Deutsche Zent  23.000   6/24/2022     EUR    65.060
DZ Bank AG Deutsche Zent  22.400   6/24/2022     EUR    71.940
DZ Bank AG Deutsche Zent  24.400   3/25/2022     EUR    52.090
DZ Bank AG Deutsche Zent  21.000   6/24/2022     EUR    57.030
DZ Bank AG Deutsche Zent  22.400   3/25/2022     EUR    68.560
DZ Bank AG Deutsche Zent  19.100   3/25/2022     EUR    64.770
DZ Bank AG Deutsche Zent  15.400   6/24/2022     EUR    67.820
DZ Bank AG Deutsche Zent  18.300   6/24/2022     EUR    55.560
DZ Bank AG Deutsche Zent  22.800   6/24/2022     EUR    63.640
DZ Bank AG Deutsche Zent  19.600   6/24/2022     EUR    70.180
Vontobel Financial Produ   7.500   6/24/2022     EUR    71.410
Vontobel Financial Produ   8.500   6/24/2022     EUR    70.570
EFG International Financ  11.000   1/23/2023     CHF    56.720
EFG International Financ  12.000   7/21/2022     CHF    65.860
Zurcher Kantonalbank Fin   8.000   7/29/2022     USD    66.620
Raiffeisen Schweiz Genos  10.000   1/16/2023     CHF    66.840
Societe Generale Effekte  18.000   3/25/2022     EUR    63.330
Societe Generale Effekte  15.750   6/24/2022     EUR    66.940
Vontobel Financial Produ  13.000   6/24/2022     EUR    72.040
Vontobel Financial Produ  10.000   9/23/2022     EUR    48.280
Vontobel Financial Produ  14.000   9/23/2022     EUR    46.100
Vontobel Financial Produ  12.500   9/23/2022     EUR    46.620
Vontobel Financial Produ  11.500   9/23/2022     EUR    47.540
Vontobel Financial Produ  12.000   6/24/2022     EUR    47.060
Vontobel Financial Produ  15.000   6/24/2022     EUR    44.860
Vontobel Financial Produ  15.000   9/23/2022     EUR    45.380
Vontobel Financial Produ  13.500   6/24/2022     EUR    45.900
Vontobel Financial Produ  16.500   6/24/2022     EUR    43.930
Vontobel Financial Produ  18.000   6/24/2022     EUR    43.100
Leonteq Securities AG/Gu  13.000   7/22/2022     CHF    63.900
Leonteq Securities AG/Gu  27.290   4/26/2022     CHF    33.240
UBS AG/London             12.000   1/16/2023     CHF    62.200
Vontobel Financial Produ  17.250   6/24/2022     EUR    50.520
Vontobel Financial Produ  16.750   6/24/2022     EUR    63.040
Raiffeisen Schweiz Genos  16.000   7/19/2022     EUR    70.110
Societe Generale Effekte  13.500   8/26/2022     EUR    44.930
Societe Generale Effekte   3.500   8/26/2022     EUR    64.270
Societe Generale Effekte   5.500   8/26/2022     EUR    56.880
Societe Generale Effekte   7.500   8/26/2022     EUR    52.040
Societe Generale Effekte   9.500   8/26/2022     EUR    48.790
Societe Generale Effekte  11.500   8/26/2022     EUR    46.580
Leonteq Securities AG/Gu  11.000   1/26/2023     USD    61.020
Leonteq Securities AG/Gu  10.000   7/26/2022     CHF    60.240
Leonteq Securities AG/Gu  10.000  10/26/2022     CHF    66.750
Vontobel Financial Produ  10.500   9/23/2022     EUR    63.010
Vontobel Financial Produ  12.000   6/24/2022     EUR    60.870
Vontobel Financial Produ   7.000   6/24/2022     EUR    68.960
Vontobel Financial Produ   7.500   9/23/2022     EUR    66.730
Zurcher Kantonalbank Fin  10.000   08/03/2022    CHF    67.630
Zurcher Kantonalbank Fin  12.500   08/03/2022    CHF    63.760
Vontobel Financial Produ  11.200   7/26/2022     EUR    59.460
Zurcher Kantonalbank Fin  28.500   08/02/2022    USD    47.990
Zurcher Kantonalbank Fin  27.500   08/02/2022    CHF    61.720
Bank Julius Baer & Co Lt  10.000   7/26/2022     USD    67.550
Bank Vontobel AG          12.500   1/24/2023     CHF    56.100
Leonteq Securities AG     10.000  10/26/2022     CHF    55.740
Leonteq Securities AG     12.000   1/26/2023     CHF    55.220
Raiffeisen Schweiz Genos   5.500   06/07/2023    CHF    76.830
Leonteq Securities AG/Gu  17.000   07/05/2022    EUR    48.010
Zurcher Kantonalbank Fin   8.100  12/14/2022     USD    61.050
Zurcher Kantonalbank Fin  12.500   7/13/2022     USD    69.940
Zurcher Kantonalbank Fin  15.000   7/13/2022     CHF    50.830
Leonteq Securities AG/Gu  10.000   10/05/2022    CHF    49.000
Vontobel Financial Produ   7.350   6/15/2022     USD    61.390
Vontobel Financial Produ   8.700   04/04/2022    CHF    60.610
Leonteq Securities AG/Gu  24.870   6/14/2022     CHF    26.460
EFG International Financ  18.000   6/30/2022     EUR    65.100
Zurcher Kantonalbank Fin  24.000   6/17/2022     CHF    58.720
Zurcher Kantonalbank Fin  11.250   07/06/2022    EUR    50.100
Vontobel Financial Produ  20.000   6/24/2022     EUR    58.780
DZ Bank AG Deutsche Zent   7.250   6/22/2022     EUR    73.130
DZ Bank AG Deutsche Zent   7.000   9/21/2022     EUR    71.520
Vontobel Financial Produ   7.500   6/24/2022     EUR    69.130
Vontobel Financial Produ  14.500   6/24/2022     EUR    60.860
Vontobel Financial Produ  16.000   6/24/2022     EUR    59.910
Leonteq Securities AG/Gu  14.000   9/14/2022     CHF    65.530
Vontobel Financial Produ  13.500   6/24/2022     EUR    70.360
Vontobel Financial Produ  12.500   6/24/2022     EUR    62.600
Vontobel Financial Produ   5.000   6/24/2022     EUR    69.210
Zurcher Kantonalbank Fin  12.000   6/21/2022     CHF    63.670
Vontobel Financial Produ  19.500   6/24/2022     EUR    64.560
Zurcher Kantonalbank Fin  12.000   7/14/2022     CHF    53.510
Bank Vontobel AG          11.250   01/03/2023    EUR    72.500
Bank Vontobel AG           7.500   01/03/2023    EUR    47.200
Bank Vontobel AG          17.500   07/04/2022    CHF    45.300
Corner Banca SA           12.000   6/14/2022     CHF    68.200
UniCredit Bank AG          3.500   2/13/2023     EUR    46.910
Danske Bank A/S            5.300   7/15/2023     SEK    40.950
UBS AG/London             10.750   07/07/2022    EUR    72.700
UBS AG/London             16.500   6/30/2022     USD    43.200
Credit Suisse AG/London   12.000   4/15/2022     USD    51.280
Raiffeisen Schweiz Genos  11.000   7/14/2022     CHF    51.230
DZ Bank AG Deutsche Zent   7.000   3/23/2022     EUR    73.800
UniCredit Bank AG         10.900   2/16/2022     EUR    48.160
Vontobel Financial Produ  14.500   3/25/2022     EUR    74.890
Leonteq Securities AG     12.000   4/21/2022     CHF    46.060
Zurcher Kantonalbank Fin   7.500   4/29/2022     CHF    54.860
Zurcher Kantonalbank Fin   8.000   4/29/2022     USD    54.920
UBS AG/London             15.250   7/21/2022     USD    71.450
UniCredit Bank AG         10.700   02/03/2025    EUR    71.780
Vontobel Financial Produ  12.000   3/25/2022     EUR    48.590
Vontobel Financial Produ  10.500   3/25/2022     EUR    67.130
Vontobel Financial Produ  12.000   3/25/2022     EUR    63.790
Vontobel Financial Produ  15.000   3/25/2022     EUR    58.100
Vontobel Financial Produ   7.000   3/25/2022     EUR    30.620
Vontobel Financial Produ  10.000   3/25/2022     EUR    27.550
Vontobel Financial Produ  11.500   3/25/2022     EUR    26.290
Vontobel Financial Produ   8.000   3/25/2022     EUR    69.510
Vontobel Financial Produ  14.000   3/25/2022     EUR    60.250
Vontobel Financial Produ   8.000   3/25/2022     EUR    60.260
Bank Vontobel AG           7.506   7/15/2022     CHF    73.700
Vontobel Financial Produ  15.000   3/25/2022     EUR    69.810
Vontobel Financial Produ   8.000   3/25/2022     EUR    28.940
Vontobel Financial Produ  13.000   3/25/2022     EUR    25.160
Vontobel Financial Produ  14.000   3/25/2022     EUR    48.920
Vontobel Financial Produ  11.000   3/25/2022     EUR    50.740
Vontobel Financial Produ   9.500   3/25/2022     EUR    53.060
Vontobel Financial Produ  11.000   3/25/2022     EUR    64.510
Bank Vontobel AG           9.006  10/31/2022     CHF    45.600
Vontobel Financial Produ  18.250   3/25/2022     EUR    60.340
EFG International Financ   6.080   05/05/2022    USD    56.820
Bank Julius Baer & Co Lt  11.800   4/26/2022     EUR    36.950
Leonteq Securities AG/Gu   6.700   11/04/2022    USD    72.590
Corner Banca SA           17.200   4/26/2022     CHF    47.790
UBS AG/London             19.750   05/05/2022    USD    64.700
UBS AG/London             14.500   11/07/2022    CHF    59.150
Vontobel Financial Produ   7.000   6/24/2022     EUR    59.190
Vontobel Financial Produ  12.500   6/24/2022     EUR    66.890
Vontobel Financial Produ  14.500   6/24/2022     EUR    64.050
Vontobel Financial Produ  13.500   6/24/2022     EUR    69.940
Vontobel Financial Produ  14.500   3/25/2022     EUR    68.780
Vontobel Financial Produ   9.500   6/24/2022     EUR    55.170
Zurcher Kantonalbank Fin  24.000   05/12/2022    CHF    70.170
Corner Banca SA           14.000   4/26/2022     USD    52.200
Zurcher Kantonalbank Fin  16.250   05/04/2022    EUR    54.010
Leonteq Securities AG/Gu  11.500  10/27/2022     CHF    69.060
Landesbank Baden-Wuertte   7.000   4/28/2023     EUR    54.120
Landesbank Baden-Wuertte   5.250   4/28/2023     EUR    43.460
Landesbank Baden-Wuertte   3.150   4/28/2023     EUR    47.220
Landesbank Baden-Wuertte   2.300   4/28/2023     EUR    70.700
Landesbank Baden-Wuertte   5.700   4/28/2023     EUR    46.330
Landesbank Baden-Wuertte   4.350   4/28/2023     EUR    48.180
Landesbank Baden-Wuertte   3.000   4/28/2023     EUR    50.720
DZ Bank AG Deutsche Zent  22.600   3/25/2022     EUR    61.520
DZ Bank AG Deutsche Zent  21.700   3/25/2022     EUR    66.070
DZ Bank AG Deutsche Zent  24.600   3/25/2022     EUR    59.770
Vontobel Financial Produ  13.500   6/24/2022     EUR    64.050
Vontobel Financial Produ  15.000   6/24/2022     EUR    62.700
Vontobel Financial Produ  11.000   6/24/2022     EUR    67.270
Vontobel Financial Produ   9.500   6/24/2022     EUR    69.000
Vontobel Financial Produ  12.500   6/24/2022     EUR    65.680
Vontobel Financial Produ  16.500   6/24/2022     EUR    61.470
Vontobel Financial Produ   9.500   3/25/2022     EUR    69.100
Vontobel Financial Produ  20.000   3/25/2022     EUR    57.670
Vontobel Financial Produ  16.500   3/25/2022     EUR    60.950
Vontobel Financial Produ  11.000   3/25/2022     EUR    66.810
Vontobel Financial Produ  13.000   3/25/2022     EUR    64.720
Vontobel Financial Produ  14.500   3/25/2022     EUR    62.740
Vontobel Financial Produ   8.500   6/24/2022     EUR    71.050
Vontobel Financial Produ  20.500   6/24/2022     EUR    38.370
Zurcher Kantonalbank Fin  12.250   05/05/2022    CHF    51.170
Bank Vontobel AG           7.008   7/25/2022     CHF    66.800
UBS AG/London             13.500   4/29/2024     USD    52.860
UBS AG/London             12.750   4/28/2022     CHF    66.000
UBS AG/London             12.750  10/28/2022     CHF    50.350
UBS AG/London              9.500  10/28/2022     CHF    74.300
Zurcher Kantonalbank Fin   6.400   11/07/2022    USD    43.320
Leonteq Securities AG/Gu   8.310   7/19/2022     EUR    70.240
EFG International Financ   5.500   4/20/2022     USD    62.940
Vontobel Financial Produ  17.000   6/24/2022     EUR    69.500
Vontobel Financial Produ  13.000   6/24/2022     EUR    64.150
Vontobel Financial Produ  19.000   6/24/2022     EUR    64.190
Vontobel Financial Produ  20.000   6/24/2022     EUR    64.530
Vontobel Financial Produ  24.000   3/25/2022     EUR    61.340
Vontobel Financial Produ  22.500   3/25/2022     EUR    61.200
Bank Julius Baer & Co Lt  11.150   4/22/2022     CHF    48.250
Bank Julius Baer & Co Lt  16.250   4/22/2022     USD    38.200
Leonteq Securities AG     10.000   7/20/2022     CHF    37.530
Leonteq Securities AG/Gu  12.000   4/22/2022     USD    31.620
Leonteq Securities AG     23.030   4/22/2022     CHF    35.950
DZ Bank AG Deutsche Zent  17.600   3/25/2022     EUR    40.550
DZ Bank AG Deutsche Zent  20.800   3/25/2022     EUR    37.780
DZ Bank AG Deutsche Zent  22.700   3/25/2022     EUR    55.740
DZ Bank AG Deutsche Zent  23.700   3/25/2022     EUR    65.410
DZ Bank AG Deutsche Zent   7.600   3/25/2022     EUR    73.870
DZ Bank AG Deutsche Zent  16.000   3/25/2022     EUR    68.930
DZ Bank AG Deutsche Zent  23.500   3/25/2022     EUR    49.650
Vontobel Financial Produ  10.000   6/24/2022     EUR    34.790
Vontobel Financial Produ  13.000   6/24/2022     EUR    71.760
UniCredit Bank AG          8.300   5/16/2022     EUR    55.950
Vontobel Financial Produ  12.900   4/26/2022     EUR    37.740
Leonteq Securities AG     24.530   4/22/2022     CHF    39.410
Vontobel Financial Produ  12.500   3/25/2022     EUR    35.840
Vontobel Financial Produ  18.000   3/25/2022     EUR    72.760
Vontobel Financial Produ  11.000   3/25/2022     EUR    66.120
Vontobel Financial Produ  14.500   6/24/2022     EUR    62.100
UBS AG/London              7.000   4/21/2023     USD    59.200
UBS AG/London             10.500   4/21/2023     CHF    59.400
Vontobel Financial Produ  13.000   6/24/2022     EUR    53.720
Vontobel Financial Produ  10.000   3/25/2022     EUR    56.300
Vontobel Financial Produ   8.500   6/24/2022     EUR    60.300
Vontobel Financial Produ  13.500   3/25/2022     EUR    51.750
Vontobel Financial Produ  17.000   3/25/2022     EUR    47.950
Vontobel Financial Produ  11.500   6/24/2022     EUR    69.520
Vontobel Financial Produ  17.500   6/24/2022     EUR    49.100
Vontobel Financial Produ  15.500   6/24/2022     EUR    64.530
Vontobel Financial Produ  20.500   3/25/2022     EUR    44.780
EFG International Financ   5.800   4/26/2023     EUR    61.080
EFG International Financ   5.700   4/26/2023     USD    72.230
Bank Julius Baer & Co Lt   9.300   7/22/2022     USD    68.250
Vontobel Financial Produ   6.000   6/24/2022     EUR    48.770
Vontobel Financial Produ  11.000   6/24/2022     EUR    43.500
Vontobel Financial Produ  15.500   6/24/2022     EUR    39.810
Vontobel Financial Produ  13.000   6/24/2022     EUR    41.400
Vontobel Financial Produ   9.500   3/25/2022     EUR    44.420
Vontobel Financial Produ  12.500   3/25/2022     EUR    41.350
Vontobel Financial Produ   8.500   6/24/2022     EUR    45.870
Vontobel Financial Produ   8.000   6/24/2022     EUR    56.980
Vontobel Financial Produ  13.000   6/24/2022     EUR    50.420
Vontobel Financial Produ  16.000   6/24/2022     EUR    48.160
Vontobel Financial Produ   5.500   6/24/2022     EUR    61.430
Vontobel Financial Produ  15.500   6/24/2022     EUR    62.750
Vontobel Financial Produ  13.500   6/24/2022     EUR    65.420
Vontobel Financial Produ  13.000   6/24/2022     EUR    70.820
Vontobel Financial Produ  16.500   6/24/2022     EUR    65.990
Vontobel Financial Produ  15.500   6/24/2022     EUR    67.540
Vontobel Financial Produ  14.000   6/24/2022     EUR    69.040
Vontobel Financial Produ   8.500   3/25/2022     EUR    54.910
Vontobel Financial Produ  10.500   6/24/2022     EUR    53.380
Vontobel Financial Produ  11.000   6/24/2022     EUR    68.300
Societe Generale Effekte   4.750   5/27/2022     EUR    62.180
Societe Generale Effekte   6.750   5/27/2022     EUR    54.290
Societe Generale Effekte   8.750   5/27/2022     EUR    49.050
Societe Generale Effekte  10.750   5/27/2022     EUR    45.450
Societe Generale Effekte  12.750   5/27/2022     EUR    42.740
Societe Generale Effekte  14.750   5/27/2022     EUR    40.540
EFG International Financ   6.500   4/26/2023     USD    57.900
Zurcher Kantonalbank Fin  11.000   6/22/2022     USD    66.180
Leonteq Securities AG     15.000   6/15/2022     CHF    38.030
Leonteq Securities AG     11.000   9/15/2022     CHF    55.870
Leonteq Securities AG/Gu  20.000   6/15/2022     CHF    54.170
Vontobel Financial Produ  15.000   6/24/2022     EUR    70.880
Vontobel Financial Produ  18.500   6/24/2022     EUR    67.720
DZ Bank AG Deutsche Zent  11.750   3/23/2022     EUR    75.310
Vontobel Financial Produ  16.000   6/24/2022     EUR    66.250
Vontobel Financial Produ  20.500   6/24/2022     EUR    62.840
Vontobel Financial Produ   8.000   6/24/2022     EUR    76.990
Vontobel Financial Produ   5.500   6/24/2022     EUR    66.260
Vontobel Financial Produ  20.500   6/24/2022     EUR    67.700
Vontobel Financial Produ  26.800   06/03/2022    EUR    58.520
Bank Vontobel AG          15.001   9/13/2022     CHF    50.500
Landesbank Baden-Wuertte   7.900  11/25/2022     EUR    46.610
DZ Bank AG Deutsche Zent  16.900   6/24/2022     EUR    48.210
DZ Bank AG Deutsche Zent  18.900   3/25/2022     EUR    61.780
Landesbank Baden-Wuertte   5.400  11/25/2022     EUR    56.100
DZ Bank AG Deutsche Zent  17.400   6/24/2022     EUR    64.760
DZ Bank AG Deutsche Zent  21.700   6/24/2022     EUR    59.840
Landesbank Baden-Wuertte   3.250   6/24/2022     EUR    72.230
DZ Bank AG Deutsche Zent  21.700   6/24/2022     EUR    63.240
Corner Banca SA           20.000   11/01/2022    USD    52.900
DZ Bank AG Deutsche Zent  10.500  11/23/2022     EUR    53.280
DZ Bank AG Deutsche Zent  15.250  11/23/2022     EUR    50.660
Raiffeisen Schweiz Genos  10.000   05/01/2023    USD    69.150
Vontobel Financial Produ  16.000  12/23/2022     EUR    67.330
Vontobel Financial Produ   7.000  12/23/2022     EUR    70.400
Vontobel Financial Produ  11.000  12/23/2022     EUR    66.990
Vontobel Financial Produ   9.000  12/23/2022     EUR    68.540
Vontobel Financial Produ  13.000  12/23/2022     EUR    65.720
Vontobel Financial Produ   7.500  12/23/2022     EUR    71.740
Vontobel Financial Produ   9.500  12/23/2022     EUR    69.620
Vontobel Financial Produ  10.500  12/23/2022     EUR    68.700
Vontobel Financial Produ   8.500  12/23/2022     EUR    70.640
Vontobel Financial Produ  11.500  12/23/2022     EUR    67.820
Vontobel Financial Produ  13.000  12/23/2022     EUR    67.460
Vontobel Financial Produ  14.000  12/23/2022     EUR    66.760
Vontobel Financial Produ  15.000  12/23/2022     EUR    66.140
Leonteq Securities AG     23.400  10/25/2022     CHF    63.180
EFG International Financ  11.040  10/25/2022     EUR    46.350
Leonteq Securities AG/Gu  15.000  10/26/2022     USD    67.350
Leonteq Securities AG     20.400  10/26/2022     CHF    56.070
Leonteq Securities AG     22.200  10/26/2022     CHF    67.630
Raiffeisen Schweiz Genos  18.000  10/25/2022     CHF    57.260
Raiffeisen Schweiz Genos  10.000   4/25/2023     CHF    68.120
Raiffeisen Schweiz Genos  18.000   8/30/2022     CHF    49.420
Landesbank Baden-Wuertte   6.300   8/25/2023     EUR    70.950
Landesbank Baden-Wuertte   7.800   8/25/2023     EUR    68.780
Landesbank Baden-Wuertte   8.800   8/25/2023     EUR    67.080
Landesbank Baden-Wuertte   6.800   8/25/2023     EUR    53.640
Vontobel Financial Produ  15.250   9/23/2022     EUR    57.590
Leonteq Securities AG/Gu  24.190   8/30/2022     CHF    42.350
Leonteq Securities AG/Gu  18.000   8/31/2022     CHF    52.830
Leonteq Securities AG/Gu  26.120   8/31/2022     CHF    67.290
DZ Bank AG Deutsche Zent  24.300   3/25/2022     EUR    59.010
DZ Bank AG Deutsche Zent  17.200   6/24/2022     EUR    66.030
DZ Bank AG Deutsche Zent  20.100   6/24/2022     EUR    63.650
DZ Bank AG Deutsche Zent  17.200   9/23/2022     EUR    66.820
DZ Bank AG Deutsche Zent  15.800   3/25/2022     EUR    65.500
DZ Bank AG Deutsche Zent  19.800   3/25/2022     EUR    62.020
Societe Generale Effekte   3.500   8/26/2022     EUR    59.580
Zurcher Kantonalbank Fin  21.500   8/23/2022     USD    45.210
Zurcher Kantonalbank Fin  20.500   8/23/2022     CHF    55.550
Leonteq Securities AG/Gu  26.150   8/16/2022     CHF    40.720
Zurcher Kantonalbank Fin  18.500   8/22/2022     USD    51.600
Zurcher Kantonalbank Fin  17.500   8/22/2022     CHF    60.630
DZ Bank AG Deutsche Zent  15.750   8/24/2022     EUR    63.530
Zurcher Kantonalbank Fin  12.900   8/17/2022     CHF    49.660
Vontobel Financial Produ  14.500   6/24/2022     EUR    70.990
Zurcher Kantonalbank Fin  15.000   8/25/2022     EUR    59.900
Zurcher Kantonalbank Fin  11.750   8/25/2022     CHF    67.830
Leonteq Securities AG/Gu  22.160   8/17/2022     CHF    42.550
Vontobel Financial Produ  18.250   9/23/2022     EUR    42.360
Raiffeisen Schweiz Genos  15.000  11/16/2022     CHF    36.560
Zurcher Kantonalbank Fin  12.250   09/08/2022    CHF    70.360
Zurcher Kantonalbank Fin  13.000   09/08/2022    CHF    54.220
Zurcher Kantonalbank Fin  26.000   09/09/2022    USD    49.510
Zurcher Kantonalbank Fin  24.750   09/09/2022    CHF    49.100
Zurcher Kantonalbank Fin  25.500   9/13/2022     CHF    57.220
UBS AG/London              9.750   3/15/2023     CHF    56.750
Vontobel Financial Produ  13.950   05/05/2022    CHF    49.910
Vontobel Financial Produ  13.000  12/23/2022     EUR    53.950
Societe Generale Effekte   5.500   9/23/2022     EUR    65.230
Bank Vontobel AG          16.500   01/03/2023    EUR    46.500
Bank Vontobel AG           8.500   11/03/2023    CHF    49.100
Bank Vontobel AG          14.250   11/07/2022    CHF    57.000
Leonteq Securities AG     17.000   02/08/2023    CHF    70.160
Leonteq Securities AG/Gu  14.000   02/08/2023    USD    50.030
Bank Julius Baer & Co Lt  21.150   08/09/2022    CHF    47.650
Societe Generale Effekte  19.500   5/27/2022     EUR    44.150
Societe Generale Effekte  18.500   6/24/2022     EUR    45.270
Societe Generale Effekte   8.500   8/26/2022     EUR    57.260
Societe Generale Effekte   7.750   9/23/2022     EUR    58.950
Societe Generale Effekte   5.000  10/28/2022     EUR    68.430
Leonteq Securities AG     29.500   9/27/2022     CHF    53.110
Leonteq Securities AG/Gu  24.000   01/11/2023    CHF    67.640
Societe Generale Effekte   8.500  10/28/2022     EUR    53.920
Leonteq Securities AG/Gu  12.000   2/22/2023     CHF    57.410
Leonteq Securities AG/Gu  24.000  11/18/2022     EUR    55.890
Leonteq Securities AG/Gu  24.000  11/18/2022     CHF    68.110
Bank Julius Baer & Co Lt  16.000   9/23/2022     CHF    46.900
Corner Banca SA           11.600  12/27/2022     USD    49.600
Corner Banca SA           18.000   9/27/2022     CHF    70.590
Vontobel Financial Produ  10.500   9/23/2022     EUR    62.290
Vontobel Financial Produ   8.500   9/23/2022     EUR    64.210
Vontobel Financial Produ  13.000   9/23/2022     EUR    60.910
Vontobel Financial Produ  15.500   9/23/2022     EUR    59.830
Leonteq Securities AG/Gu  20.000   9/27/2022     USD    72.330
DZ Bank AG Deutsche Zent  24.100   3/25/2022     EUR    62.180
DZ Bank AG Deutsche Zent  21.200   9/23/2022     EUR    69.440
Leonteq Securities AG     22.220   9/16/2022     CHF    47.680
Leonteq Securities AG     17.200   9/20/2022     CHF    44.340
Luzerner Kantonalbank AG  15.500   09/07/2022    CHF    49.250
Leonteq Securities AG     26.040   9/20/2022     CHF    44.500
DZ Bank AG Deutsche Zent  13.750   3/23/2022     EUR    62.650
Vontobel Financial Produ  18.000   9/23/2022     EUR    45.170
Bank Julius Baer & Co Lt  17.200   02/06/2023    USD    56.600
Vontobel Financial Produ   7.500  12/23/2022     EUR    68.760
Vontobel Financial Produ  10.750  12/23/2022     EUR    64.340
Vontobel Financial Produ  15.500  12/23/2022     EUR    53.390
Vontobel Financial Produ  18.500  12/23/2022     EUR    62.290
Vontobel Financial Produ  16.700   05/06/2022    USD    67.180
Leonteq Securities AG     24.480   9/21/2022     CHF    51.210
Vontobel Financial Produ  12.500   9/23/2022     EUR    46.080
Leonteq Securities AG     24.000   11/04/2022    CHF    56.910
Vontobel Financial Produ  10.500  10/18/2022     EUR    62.350
DZ Bank AG Deutsche Zent  15.700  11/25/2022     EUR    50.360
DZ Bank AG Deutsche Zent  18.500  11/25/2022     EUR    49.660
DZ Bank AG Deutsche Zent  17.700  12/23/2022     EUR    50.340
DZ Bank AG Deutsche Zent  20.400  12/23/2022     EUR    50.150
DZ Bank AG Deutsche Zent  13.500   3/24/2023     EUR    52.510
DZ Bank AG Deutsche Zent  15.600   3/24/2023     EUR    52.100
DZ Bank AG Deutsche Zent  17.700   3/24/2023     EUR    52.030
Bank Vontobel AG          18.000  11/21/2022     USD    57.300
Bank Vontobel AG          10.750   5/22/2023     CHF    68.200
Credit Suisse AG/London    4.550   2/23/2023     USD     9.750
Credit Suisse AG/London    5.200  11/27/2023     USD     9.380
UBS AG/London             17.250  11/24/2022     EUR    53.050
Corner Banca SA           11.000  11/29/2022     CHF    56.050
Leonteq Securities AG/Gu  10.000  11/29/2023     EUR    69.870
Corner Banca SA           12.000  11/29/2022     USD    53.810
Societe Generale Effekte  25.250   7/22/2022     EUR    63.180
Societe Generale Effekte  23.000   8/26/2022     EUR    63.910
Leonteq Securities AG/Gu  24.120  12/29/2022     CHF    71.850
Leonteq Securities AG     30.000   9/30/2022     CHF    53.160
BNP Paribas Emissions- u  16.000   9/22/2022     EUR    60.180
BNP Paribas Emissions- u  18.000   9/22/2022     EUR    59.000
BNP Paribas Emissions- u  12.000  12/22/2022     EUR    62.110
BNP Paribas Emissions- u  14.000  12/22/2022     EUR    61.440
Credit Suisse AG/London   11.500  12/23/2022     USD    57.790
Vontobel Financial Produ  11.000   9/23/2022     EUR    62.550
Vontobel Financial Produ  11.500   9/23/2022     EUR    61.680
Vontobel Financial Produ  14.500   9/23/2022     EUR    60.210
Vontobel Financial Produ  13.500   9/23/2022     EUR    60.660
Vontobel Financial Produ  16.500   9/23/2022     EUR    59.430
Vontobel Financial Produ   6.000   9/23/2022     EUR    67.590
Vontobel Financial Produ   9.000   9/23/2022     EUR    63.830
Vontobel Financial Produ  10.000   9/23/2022     EUR    63.160
Societe Generale Effekte   5.250   8/26/2022     EUR    65.410
EFG International Financ  15.000  11/17/2022     CHF    71.040
Leonteq Securities AG/Gu  14.000  12/27/2022     CHF    49.560
Leonteq Securities AG/Gu  12.000   9/27/2022     CHF    53.990
Leonteq Securities AG/Gu  12.000  12/28/2022     USD    56.150
Leonteq Securities AG/Gu  22.820  11/25/2022     CHF    51.800
Leonteq Securities AG/Gu  10.000  11/25/2022     CHF    57.820
Landesbank Baden-Wuertte   7.850   5/26/2023     EUR    71.580
Vontobel Financial Produ  17.750  12/23/2022     EUR    56.690
Societe Generale Effekte  10.750  11/25/2022     EUR    49.260
Societe Generale Effekte  12.750  11/25/2022     EUR    47.840
Societe Generale Effekte  14.750  11/25/2022     EUR    47.030
Societe Generale Effekte   8.750  11/25/2022     EUR    51.690
Vontobel Financial Produ   8.500  12/23/2022     EUR    62.500
Luzerner Kantonalbank AG  23.100   8/15/2022     CHF    55.000
Leonteq Securities AG/Gu  10.000  11/29/2022     CHF    62.610
Leonteq Securities AG/Gu  11.000   5/30/2023     USD    69.600
Vontobel Financial Produ  10.000  12/23/2022     EUR    69.390
Vontobel Financial Produ  12.500  12/23/2022     EUR    72.110
Vontobel Financial Produ  14.000  12/23/2022     EUR    71.600
Vontobel Financial Produ  16.500  12/23/2022     EUR    70.400
Vontobel Financial Produ  15.500  12/23/2022     EUR    71.170
Vontobel Financial Produ  18.000  12/23/2022     EUR    70.110
Vontobel Financial Produ   9.000  12/23/2022     EUR    70.270
Vontobel Financial Produ  11.000  12/23/2022     EUR    68.580
Vontobel Financial Produ  12.000  12/23/2022     EUR    67.830
Vontobel Financial Produ  17.000  12/23/2022     EUR    66.390
Vontobel Financial Produ  13.500  12/23/2022     EUR    67.560
Vontobel Financial Produ  14.500  12/23/2022     EUR    66.970
Bank Vontobel AG          20.000   01/03/2023    CHF    73.500
Credit Suisse AG/London   16.000  12/29/2022     CHF    64.970
Zurcher Kantonalbank Fin   9.000  12/30/2022     CHF    70.770
Vontobel Financial Produ  24.500  12/23/2022     EUR    59.270
Vontobel Financial Produ  15.500  12/23/2022     EUR    68.950
Vontobel Financial Produ  16.500  12/23/2022     EUR    68.660
Vontobel Financial Produ  17.500  12/23/2022     EUR    68.400
Vontobel Financial Produ  19.500  12/23/2022     EUR    68.010
Vontobel Financial Produ  18.500  12/23/2022     EUR    68.180
Leonteq Securities AG     15.000   01/10/2023    CHF    68.270
Leonteq Securities AG/Gu  20.000  12/27/2022     USD    52.890
Leonteq Securities AG     27.000   9/30/2022     CHF    51.510
BNP Paribas Emissions- u  12.000   3/24/2022     EUR    59.910
BNP Paribas Emissions- u  20.000   3/24/2022     EUR    60.640
BNP Paribas Emissions- u  18.000   3/24/2022     EUR    56.930
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    64.590
BNP Paribas Emissions- u  20.000   9/22/2022     EUR    57.980
BNP Paribas Emissions- u   8.000  12/22/2022     EUR    63.920
BNP Paribas Emissions- u  10.000  12/22/2022     EUR    65.580
BNP Paribas Emissions- u  10.000  12/22/2022     EUR    62.930
BNP Paribas Emissions- u  16.000  12/22/2022     EUR    60.910
BNP Paribas Emissions- u  16.000  12/22/2022     EUR    58.880
BNP Paribas Emissions- u  18.000  12/22/2022     EUR    60.530
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    63.060
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    60.380
BNP Paribas Emissions- u  14.000   9/22/2022     EUR    61.540
BNP Paribas Emissions- u  12.000   6/23/2022     EUR    65.240
BNP Paribas Emissions- u  12.000   6/23/2022     EUR    61.900
BNP Paribas Emissions- u  16.000   6/23/2022     EUR    63.210
BNP Paribas Emissions- u  16.000   6/23/2022     EUR    60.110
BNP Paribas Emissions- u  18.000   6/23/2022     EUR    57.920
BNP Paribas Emissions- u  20.000   6/23/2022     EUR    58.570
BNP Paribas Emissions- u  10.000   9/22/2022     EUR    64.780
Leonteq Securities AG/Gu  24.120  12/30/2022     CHF    71.780
UBS AG/London             19.500  12/29/2022     CHF    72.800
Zurcher Kantonalbank Fin  28.750   6/27/2022     CHF    61.160
Leonteq Securities AG     14.000   3/17/2023     CHF    57.770
Leonteq Securities AG     17.000  12/20/2022     CHF    67.660
Leonteq Securities AG/Gu  22.800  12/16/2022     CHF    64.070
Leonteq Securities AG/Gu  25.800  12/16/2022     CHF    56.360
Raiffeisen Switzerland B  18.200  12/20/2022     CHF    68.610
Bank Vontobel AG           9.000  12/18/2023     CHF    61.000
Credit Suisse AG/London   13.500  12/14/2022     CHF    64.800
Bank Vontobel AG          14.000  12/19/2022     CHF    66.600
DZ Bank AG Deutsche Zent  23.300   6/24/2022     EUR    59.630
DZ Bank AG Deutsche Zent  19.300   9/23/2022     EUR    62.010
DZ Bank AG Deutsche Zent  21.600   9/23/2022     EUR    60.830
DZ Bank AG Deutsche Zent  17.100  12/23/2022     EUR    63.890
DZ Bank AG Deutsche Zent  18.800  12/23/2022     EUR    63.240
DZ Bank AG Deutsche Zent  15.000   3/24/2023     EUR    64.920
DZ Bank AG Deutsche Zent  16.300   3/24/2023     EUR    64.380
DZ Bank AG Deutsche Zent  17.700   3/24/2023     EUR    64.040
UBS AG/London              7.750  12/22/2022     USD    63.100
UBS AG/London             25.750  12/22/2022     USD    65.650
Bank Julius Baer & Co Lt  21.800   6/23/2022     CHF    59.050
EFG International Financ  15.400  12/23/2022     USD    48.740
Societe Generale Effekte  15.250   7/22/2022     EUR    66.070
Societe Generale Effekte  17.250   7/22/2022     EUR    64.420
Societe Generale Effekte  19.250   7/22/2022     EUR    63.150
Societe Generale Effekte  21.250   7/22/2022     EUR    62.070
Societe Generale Effekte  23.250   7/22/2022     EUR    61.240
Societe Generale Effekte  11.250   8/26/2022     EUR    69.430
Societe Generale Effekte  13.250   8/26/2022     EUR    67.140
Societe Generale Effekte  20.000   9/23/2022     EUR    62.360
Societe Generale Effekte   8.750  10/28/2022     EUR    70.860
Societe Generale Effekte  10.750  10/28/2022     EUR    68.380
Societe Generale Effekte  12.750  10/28/2022     EUR    66.420
Societe Generale Effekte  14.750  10/28/2022     EUR    64.970
Societe Generale Effekte  16.750  10/28/2022     EUR    63.850
Societe Generale Effekte  18.750  10/28/2022     EUR    63.020
Societe Generale Effekte   7.750  11/25/2022     EUR    71.730
Societe Generale Effekte   9.750  11/25/2022     EUR    68.960
Societe Generale Effekte  11.750  11/25/2022     EUR    66.960
Societe Generale Effekte  13.750  11/25/2022     EUR    65.440
Societe Generale Effekte  15.750  11/25/2022     EUR    64.350
Societe Generale Effekte  17.750  11/25/2022     EUR    63.530
Societe Generale Effekte   7.000  12/23/2022     EUR    72.370
Societe Generale Effekte   9.000  12/23/2022     EUR    69.320
Societe Generale Effekte  11.000  12/23/2022     EUR    67.240
Societe Generale Effekte  13.000  12/23/2022     EUR    65.780
Societe Generale Effekte  15.000  12/23/2022     EUR    64.710
Societe Generale Effekte  17.000  12/23/2022     EUR    63.930
Societe Generale Effekte  10.000   9/23/2022     EUR    69.810
Societe Generale Effekte  12.000   9/23/2022     EUR    67.500
Societe Generale Effekte  14.000   9/23/2022     EUR    65.690
Societe Generale Effekte  16.000   9/23/2022     EUR    64.290
Societe Generale Effekte  18.000   9/23/2022     EUR    63.200
Societe Generale Effekte  11.250   7/22/2022     EUR    70.850
Societe Generale Effekte  13.250   7/22/2022     EUR    68.180
Societe Generale Effekte  15.250   8/26/2022     EUR    65.310
Societe Generale Effekte  17.250   8/26/2022     EUR    63.930
Societe Generale Effekte  19.250   8/26/2022     EUR    62.810
Societe Generale Effekte  21.250   8/26/2022     EUR    61.950
Societe Generale Effekte   8.000   9/23/2022     EUR    72.600
Bank Vontobel AG          14.000  11/14/2022     CHF    48.800
Vontobel Financial Produ   8.000  12/23/2022     EUR    70.360
Vontobel Financial Produ  12.000  12/23/2022     EUR    69.410
Vontobel Financial Produ  14.000  12/23/2022     EUR    68.000
Vontobel Financial Produ  16.000  12/23/2022     EUR    66.870
Vontobel Financial Produ  15.000  12/23/2022     EUR    67.400
Vontobel Financial Produ  11.000   9/23/2022     EUR    69.180
Vontobel Financial Produ  17.000  12/23/2022     EUR    66.400
Vontobel Financial Produ  12.500   9/23/2022     EUR    68.290
Vontobel Financial Produ  15.500   9/23/2022     EUR    66.750
Vontobel Financial Produ  14.000   9/23/2022     EUR    67.470
Vontobel Financial Produ  18.500   9/23/2022     EUR    65.540
Vontobel Financial Produ  17.000   9/23/2022     EUR    66.110
Vontobel Financial Produ  10.000  12/23/2022     EUR    69.120
Vontobel Financial Produ  11.500  12/23/2022     EUR    67.840
Vontobel Financial Produ   9.500   9/23/2022     EUR    68.990
Vontobel Financial Produ   8.000  12/23/2022     EUR    71.140
Vontobel Financial Produ  13.000  12/23/2022     EUR    67.480
Vontobel Financial Produ  15.000  12/23/2022     EUR    66.140
Vontobel Financial Produ  14.000  12/23/2022     EUR    66.760
Vontobel Financial Produ  10.500   9/23/2022     EUR    67.680
Vontobel Financial Produ  13.500   9/23/2022     EUR    65.910
Vontobel Financial Produ   7.000   9/23/2022     EUR    71.620
Vontobel Financial Produ  17.000   9/23/2022     EUR    64.810
Vontobel Financial Produ   8.000   9/23/2022     EUR    70.110
Vontobel Financial Produ  12.000   9/23/2022     EUR    66.740
Vontobel Financial Produ  16.500  12/23/2022     EUR    66.010
Vontobel Financial Produ  15.000   9/23/2022     EUR    65.210
Vontobel Financial Produ  20.000   9/23/2022     EUR    65.050
Societe Generale Effekte  21.750   7/22/2022     EUR    52.380
Societe Generale Effekte  15.500  10/28/2022     EUR    55.720
Societe Generale Effekte   8.750  11/25/2022     EUR    62.300
Societe Generale Effekte  10.750  11/25/2022     EUR    59.570
Raiffeisen Schweiz Genos  12.500  12/20/2022     CHF    62.470
Bank Vontobel AG          10.250  12/19/2022     CHF    58.700
Bank Vontobel AG          13.000  12/19/2022     EUR    54.000
Leonteq Securities AG/Gu  24.000  12/21/2022     CHF    66.800
Leonteq Securities AG/Gu  22.800  12/21/2022     CHF    62.990
Societe Generale Effekte  21.750   6/24/2022     EUR    52.040
Societe Generale Effekte  23.750   6/24/2022     EUR    51.300
Societe Generale Effekte  20.000   8/26/2022     EUR    53.330
Societe Generale Effekte  17.500  10/28/2022     EUR    54.760
Leonteq Securities AG/Gu  20.400   12/09/2022    CHF    54.530
Corner Banca SA           15.000   03/10/2023    CHF    56.510
Credit Suisse AG/London   19.250   12/06/2022    USD    47.720
Leonteq Securities AG/Gu  10.000   4/18/2023     USD    66.660
Raiffeisen Switzerland B  17.400   1/17/2023     EUR    67.710
Societe Generale Effekte  19.000   6/24/2022     EUR    57.700
Societe Generale Effekte  17.000   7/22/2022     EUR    58.890
Societe Generale Effekte  21.000   7/22/2022     EUR    56.500
Leonteq Securities AG     14.800   12/06/2022    CHF    55.670
Bank Vontobel AG          11.500   06/05/2023    CHF    57.800
Bank Vontobel AG          15.000   12/05/2022    CHF    57.000
Credit Suisse AG/London    7.020   12/05/2024    USD     9.530
Credit Suisse AG/London    9.240   12/05/2024    USD     9.670
Leonteq Securities AG/Gu  21.600   12/06/2022    CHF    75.000
Leonteq Securities AG/Gu  22.800   12/06/2022    CHF    60.460
Leonteq Securities AG     22.800   11/02/2022    CHF    70.160
Leonteq Securities AG     23.400   11/02/2022    CHF    61.430
Banque Internationale a   18.000   11/02/2022    EUR    52.220
DZ Bank AG Deutsche Zent  24.400   6/24/2022     EUR    62.110
DZ Bank AG Deutsche Zent  15.800   9/23/2022     EUR    53.100
DZ Bank AG Deutsche Zent  21.700   6/24/2022     EUR    68.710
Leonteq Securities AG/Gu  10.000  12/20/2022     CHF    51.470
Leonteq Securities AG     20.360   9/20/2022     CHF    45.720
Leonteq Securities AG/Gu  21.420  11/23/2022     CHF    73.240
UniCredit Bank AG          6.300  12/21/2022     EUR    62.880
Bank Vontobel AG          20.500  11/21/2022     CHF    62.900
Bank Vontobel AG          20.000  11/21/2022     CHF    53.300
Bank Vontobel AG          10.000  11/21/2022     CHF    52.500
UBS AG/London             15.000  11/25/2022     USD    67.950
Banque Cantonale Vaudois   9.100  10/27/2022     CHF    67.880
Societe Generale Effekte   5.250   8/26/2022     EUR    61.100
Vontobel Financial Produ   5.500   6/24/2022     EUR    67.205
Vontobel Financial Produ   6.500   6/24/2022     EUR #N/A N/A
Vontobel Financial Produ   5.500   9/23/2022     EUR    67.420
Vontobel Financial Produ   6.500   9/23/2022     EUR #N/A N/A
Raiffeisen Schweiz Genos   8.500   2/20/2023     CHF    67.930
Raiffeisen Schweiz Genos  12.000   8/23/2022     CHF    53.140
Raiffeisen Schweiz Genos  18.000   8/23/2022     CHF    36.640
Raiffeisen Schweiz Genos   7.500   3/17/2023     USD    62.390
Vontobel Financial Produ  15.000   9/23/2022     EUR    65.010
Vontobel Financial Produ  13.000   9/23/2022     EUR    66.500
Vontobel Financial Produ  11.500   9/23/2022     EUR    47.790
Vontobel Financial Produ  21.500   9/23/2022     EUR    44.130
Vontobel Financial Produ   7.000   9/23/2022     EUR    66.720
Vontobel Financial Produ  18.500   9/23/2022     EUR    58.780
EFG International Financ  15.000  11/18/2022     USD    61.180
Societe Generale Effekte   6.500  10/28/2022     EUR    59.280
Zurcher Kantonalbank Fin  15.500   11/08/2022    USD    65.750
Leonteq Securities AG     18.000  11/15/2022     CHF    60.310
Leonteq Securities AG     14.000   2/15/2023     CHF    60.370
Leonteq Securities AG      9.000   05/12/2023    CHF    63.330
Corner Banca SA           10.000   5/15/2023     USD    71.160
Bank Vontobel AG          14.250   11/07/2022    CHF    41.300
Landesbank Baden-Wuertte   6.200   5/26/2023     EUR    73.760
Societe Generale Effekte  18.000   7/22/2022     EUR    43.750
Societe Generale Effekte  16.000   9/23/2022     EUR    45.470
Societe Generale Effekte   4.750  11/25/2022     EUR    62.850
Societe Generale Effekte   6.750  11/25/2022     EUR    55.790
Vontobel Financial Produ  18.000  12/23/2022     EUR    52.320
EFG International Financ  19.000   11/10/2022    CHF    53.560
Leonteq Securities AG/Gu  22.800   11/11/2022    CHF    46.390
Corner Banca SA           20.000  11/15/2022     CHF    58.090
Societe Generale Effekte   7.500   5/27/2022     EUR    65.890
Bank Vontobel AG          13.750   05/08/2023    CHF    52.800
Bank Vontobel AG          14.000   05/12/2023    CHF    65.800
Bank Vontobel AG          18.750  11/14/2022     CHF    52.400
Leonteq Securities AG/Gu  17.000  11/22/2022     USD    54.490
Leonteq Securities AG     18.500  11/29/2022     CHF    64.260
Leonteq Securities AG     25.000  11/29/2022     CHF    68.900
Leonteq Securities AG/Gu  12.800  11/29/2022     CHF    55.430
Societe Generale Effekte   4.000   9/23/2022     EUR    70.240
DZ Bank AG Deutsche Zent  20.700   9/23/2022     EUR    50.490
DZ Bank AG Deutsche Zent  22.900   3/25/2022     EUR    45.970
DZ Bank AG Deutsche Zent  18.000   6/24/2022     EUR    50.020
Leonteq Securities AG     14.000  12/20/2022     CHF    50.360
Leonteq Securities AG/Gu   9.000  12/20/2022     USD    61.290
Leonteq Securities AG/Gu   5.710   9/23/2022     USD    64.190
Vontobel Financial Produ  22.250  12/23/2022     EUR    51.090
Vontobel Financial Produ  17.000  12/23/2022     EUR    55.810
Vontobel Financial Produ   9.500  12/23/2022     EUR    52.550
Raiffeisen Schweiz Genos  16.000   9/20/2022     CHF    52.800
Vontobel Financial Produ  17.500   9/23/2022     EUR    64.030
Vontobel Financial Produ   9.000   9/23/2022     EUR    70.190
Vontobel Financial Produ   5.500  12/23/2022     EUR    64.440
Vontobel Financial Produ   8.500  12/23/2022     EUR    61.460
Vontobel Financial Produ  11.500  12/23/2022     EUR    59.220
Vontobel Financial Produ  15.000  12/23/2022     EUR    58.070
EFG International Financ  16.000   11/10/2022    USD    67.910
Vontobel Financial Produ   8.500  12/23/2022     EUR    66.790
Vontobel Financial Produ   8.250  12/23/2022     EUR    65.820
Vontobel Financial Produ  12.500  12/23/2022     EUR    68.050
Leonteq Securities AG/Gu  26.400   11/08/2022    CHF    69.320
Leonteq Securities AG/Gu  26.400  11/15/2022     USD    65.750
Leonteq Securities AG/Gu  20.400  12/13/2022     CHF    65.430
Credit Suisse AG/London   19.250   12/08/2022    CHF    53.030
Corner Banca SA           17.000   1/17/2023     EUR    65.190
Societe Generale Effekte  13.250  11/25/2022     EUR    60.860
Societe Generale Effekte  13.500   9/23/2022     EUR    60.920
Leonteq Securities AG/Gu  24.000   12/09/2022    CHF    54.030
Societe Generale Effekte   7.750   7/22/2022     EUR    68.910
Societe Generale Effekte  18.750   9/23/2022     EUR    53.940
Societe Generale Effekte  16.750  11/25/2022     EUR    55.290
Leonteq Securities AG/Gu  12.000  12/13/2022     CHF    51.350
Societe Generale Effekte   8.750   8/26/2022     EUR    68.230
Societe Generale Effekte  14.250  10/28/2022     EUR    60.170
Bank Vontobel AG          10.000   06/12/2023    CHF    58.600
Leonteq Securities AG/Gu  11.000   03/10/2023    CHF    63.020
Leonteq Securities AG/Gu  24.000  12/13/2022     CHF    66.150
DZ Bank AG Deutsche Zent  15.000   6/22/2022     EUR    58.450
UniCredit Bank AG          7.400   12/09/2024    EUR    71.120
Leonteq Securities AG/Gu  20.400  11/16/2022     CHF    61.000
Leonteq Securities AG/Gu  30.000  11/15/2022     CHF    61.980
DZ Bank AG Deutsche Zent  18.800  10/28/2022     EUR    54.230
Raiffeisen Schweiz Genos   7.500  11/15/2023     CHF    71.980
DZ Bank AG Deutsche Zent  14.800  12/23/2022     EUR    56.830
Leonteq Securities AG/Gu  22.800  11/16/2022     CHF    57.560
DZ Bank AG Deutsche Zent  16.600   9/23/2022     EUR    54.820
Raiffeisen Schweiz Genos  15.000  11/15/2022     CHF    66.570
DZ Bank AG Deutsche Zent  17.300  12/23/2022     EUR    55.600
EFG International Financ  16.000  10/27/2022     CHF    59.410
Leonteq Securities AG/Gu  24.000  11/15/2022     CHF    70.580
Societe Generale Effekte   9.500   7/22/2022     EUR    69.020
Vontobel Financial Produ  21.750  12/23/2022     EUR    67.340
Vontobel Financial Produ  22.000  12/23/2022     EUR    66.100
UBS AG/London              6.500  12/29/2023     USD    75.100
Credit Suisse AG/London   10.500  12/27/2022     CHF    60.150
Societe Generale Effekte   6.750  11/25/2022     EUR    65.700
Societe Generale Effekte  14.750  11/25/2022     EUR    56.150
DZ Bank AG Deutsche Zent  18.200   9/23/2022     EUR    56.700
DZ Bank AG Deutsche Zent  16.000  12/23/2022     EUR    58.940
Raiffeisen Schweiz Genos  19.710  12/14/2022     CHF    65.320
Leonteq Securities AG/Gu  25.800  12/14/2022     CHF    66.690
UniCredit Bank AG         10.850   1/18/2023     EUR    69.320
Bank Vontobel AG          20.000   06/12/2023    EUR    61.300
UBS AG/London             21.500  12/15/2022     USD    72.850
Raiffeisen Switzerland B  18.000  12/13/2022     CHF    59.020
Societe Generale Effekte   4.750  11/25/2022     EUR    70.360
Credit Suisse AG/London   10.000   12/12/2022    CHF    54.410
Vontobel Financial Produ   9.250  12/23/2022     EUR    67.310
Vontobel Financial Produ  16.000  12/23/2022     EUR    68.040
Vontobel Financial Produ  23.000  12/23/2022     EUR    65.100
Societe Generale Effekte  11.750  10/28/2022     EUR    60.140
Credit Suisse AG/London   12.000   4/29/2022     USD    30.670
Vontobel Financial Produ  14.000   3/25/2022     EUR    66.020
Vontobel Financial Produ  15.000   3/25/2022     EUR    64.730
Vontobel Financial Produ  17.000   3/25/2022     EUR    62.330
Vontobel Financial Produ  19.500   3/25/2022     EUR    60.180
Vontobel Financial Produ  11.000   3/25/2022     EUR    60.210
Vontobel Financial Produ  17.000   6/24/2022     EUR    62.270
Vontobel Financial Produ  18.000   6/24/2022     EUR    52.140
Vontobel Financial Produ  13.000   6/24/2022     EUR    66.710
Vontobel Financial Produ  12.000   3/25/2022     EUR    68.770
Vontobel Financial Produ  16.000   3/25/2022     EUR    63.510
Vontobel Financial Produ  16.000   3/25/2022     EUR    53.510
Vontobel Financial Produ   8.500   6/24/2022     EUR    65.360
Vontobel Financial Produ  14.500   3/25/2022     EUR    54.980
Vontobel Financial Produ  19.500   3/25/2022     EUR    49.480
Vontobel Financial Produ  13.000   6/24/2022     EUR    57.500
Vontobel Financial Produ  12.000   3/25/2022     EUR    58.330
Vontobel Financial Produ  15.000   6/24/2022     EUR    40.830
Vontobel Financial Produ  10.000   6/24/2022     EUR    44.710
Vontobel Financial Produ  17.500   6/24/2022     EUR    39.390
Vontobel Financial Produ   7.500   6/24/2022     EUR    47.330
Vontobel Financial Produ  12.500   6/24/2022     EUR    42.570
Vontobel Financial Produ   9.000   3/25/2022     EUR    46.250
Vontobel Financial Produ  12.000   3/25/2022     EUR    42.900
Vontobel Financial Produ  15.000   3/25/2022     EUR    40.090
Leonteq Securities AG/Gu  24.350   4/29/2022     CHF    61.740
Leonteq Securities AG/Gu  23.180   4/29/2022     USD    33.160
Zurcher Kantonalbank Fin  18.000   05/06/2022    CHF    56.390
BNP Paribas SA            21.800   05/01/2023    USD    70.500
Vontobel Financial Produ  11.500   3/25/2022     EUR    67.590
Vontobel Financial Produ  14.500   3/25/2022     EUR    63.810
Vontobel Financial Produ  17.000   3/25/2022     EUR    64.680
Vontobel Financial Produ  17.750   3/25/2022     EUR    49.250
Credit Suisse AG/London    8.000   08/03/2022    CHF    41.770
Vontobel Financial Produ  15.750   08/03/2022    EUR    40.480
Vontobel Financial Produ  20.000   6/24/2022     EUR    71.850
Vontobel Financial Produ  24.000   3/25/2022     EUR    67.390
Vontobel Financial Produ  19.000   6/24/2022     EUR    67.200
Vontobel Financial Produ  18.000   6/24/2022     EUR    63.850
Vontobel Financial Produ  12.000   3/25/2022     EUR    70.870
Vontobel Financial Produ  16.500   6/24/2022     EUR    67.530
Vontobel Financial Produ  17.000   3/25/2022     EUR    66.000
Vontobel Financial Produ  20.000   3/25/2022     EUR    66.280
Vontobel Financial Produ  23.500   3/25/2022     EUR    66.600
Vontobel Financial Produ  17.000   6/24/2022     EUR    63.510
Vontobel Financial Produ  19.000   6/24/2022     EUR    64.190
Vontobel Financial Produ  22.000   3/25/2022     EUR    61.150
Vontobel Financial Produ  23.000   3/25/2022     EUR    61.250
Vontobel Financial Produ  19.000   3/25/2022     EUR    68.860
Vontobel Financial Produ  19.000   3/25/2022     EUR    69.240
Raiffeisen Switzerland B   8.200   11/03/2022    CHF    57.120
Raiffeisen Schweiz Genos  12.000   05/03/2022    USD    56.200
DZ Bank AG Deutsche Zent  20.400   3/25/2022     EUR    70.720
Vontobel Financial Produ   8.750   3/25/2022     EUR    68.280
Vontobel Financial Produ  20.000   3/25/2022     EUR    32.340
UBS AG/London             13.000   05/06/2024    USD    50.760
Leonteq Securities AG/Gu  21.050   05/04/2022    CHF    56.000
Bank Julius Baer & Co Lt  16.000   4/26/2022     EUR    39.100
Bank Julius Baer & Co Lt  12.000   4/26/2022     CHF    62.650
Vontobel Financial Produ  16.250   3/25/2022     EUR    63.250
Vontobel Financial Produ  20.000   3/25/2022     EUR    44.520
Credit Suisse AG/London    8.250   05/05/2022    USD    50.520
Zurcher Kantonalbank Fin  21.500   05/12/2022    USD    52.730
Zurcher Kantonalbank Fin  20.750   05/12/2022    CHF    62.990
UBS AG/London             12.750   11/07/2022    USD    53.700
Leonteq Securities AG/Gu  10.000  10/26/2022     USD    46.440
Vontobel Financial Produ  12.500   6/24/2022     EUR    52.070
Vontobel Financial Produ   7.500   3/25/2022     EUR    57.380
Vontobel Financial Produ  16.000   3/25/2022     EUR    62.130
Vontobel Financial Produ  15.000   6/24/2022     EUR    68.400
Vontobel Financial Produ  12.500   6/24/2022     EUR    71.750
Vontobel Financial Produ  16.000   3/25/2022     EUR    66.670
Vontobel Financial Produ  16.500   6/24/2022     EUR    66.930
Vontobel Financial Produ  12.500   3/25/2022     EUR    71.000
Vontobel Financial Produ  15.500   6/24/2022     EUR    49.570
Vontobel Financial Produ  10.000   6/24/2022     EUR    69.980
Vontobel Financial Produ   7.750   3/25/2022     EUR    63.890
DZ Bank AG Deutsche Zent  14.100   3/25/2022     EUR    69.610
DZ Bank AG Deutsche Zent  14.500   6/24/2022     EUR    69.370
DZ Bank AG Deutsche Zent  24.600   6/24/2022     EUR    60.400
DZ Bank AG Deutsche Zent  18.600   9/23/2022     EUR    66.340
DZ Bank AG Deutsche Zent  14.800   9/23/2022     EUR    71.340
DZ Bank AG Deutsche Zent  22.900   9/23/2022     EUR    69.930
DZ Bank AG Deutsche Zent  24.400   9/23/2022     EUR    68.030
DZ Bank AG Deutsche Zent  20.700   6/24/2022     EUR    62.280
DZ Bank AG Deutsche Zent  19.600   9/23/2022     EUR    62.980
DZ Bank AG Deutsche Zent  21.400   3/25/2022     EUR    61.260
DZ Bank AG Deutsche Zent  18.600   6/24/2022     EUR    64.830
Vontobel Financial Produ  12.250   6/24/2022     EUR    60.450
Vontobel Financial Produ  12.500   6/24/2022     EUR    63.500
UniCredit Bank AG         10.150   09/07/2022    EUR    73.380
Vontobel Financial Produ   3.000   6/24/2022     EUR    67.810
UniCredit Bank AG          7.450   09/07/2022    EUR    64.680
UniCredit Bank AG          9.650   09/07/2022    EUR    54.230
DZ Bank AG Deutsche Zent  20.100   9/23/2022     EUR    37.160
DZ Bank AG Deutsche Zent  18.300   9/23/2022     EUR    68.710
DZ Bank AG Deutsche Zent  20.400   9/23/2022     EUR    66.860
DZ Bank AG Deutsche Zent  23.100   6/24/2022     EUR    61.980
DZ Bank AG Deutsche Zent  20.800   9/23/2022     EUR    65.390
DZ Bank AG Deutsche Zent  22.700   9/23/2022     EUR    63.250
DZ Bank AG Deutsche Zent  24.800   9/23/2022     EUR    61.560
DZ Bank AG Deutsche Zent  15.400   9/23/2022     EUR    44.820
DZ Bank AG Deutsche Zent  18.000   9/23/2022     EUR    43.820
DZ Bank AG Deutsche Zent  24.800   3/25/2022     EUR    35.420
DZ Bank AG Deutsche Zent  20.200   6/24/2022     EUR    40.170
DZ Bank AG Deutsche Zent  12.900   9/23/2022     EUR    46.250
EFG International Financ  17.000   08/11/2022    CHF    64.780
EFG International Financ  15.000   2/13/2023     EUR    45.840
BNP Paribas Emissions- u  14.000   6/23/2022     EUR    69.440
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    71.780
BNP Paribas Emissions- u   6.000   3/24/2022     EUR    43.500
BNP Paribas Emissions- u  10.000   3/24/2022     EUR    40.230
BNP Paribas Emissions- u  14.000   3/24/2022     EUR    37.440
BNP Paribas Emissions- u  15.000   3/24/2022     EUR    64.540
BNP Paribas Emissions- u  14.000   3/24/2022     EUR    61.350
BNP Paribas Emissions- u  14.000   6/23/2022     EUR    64.110
BNP Paribas Emissions- u   4.000   3/24/2022     EUR    70.260
BNP Paribas Emissions- u   8.000   3/24/2022     EUR    65.930
BNP Paribas Emissions- u  12.000   3/24/2022     EUR    62.180
BNP Paribas Emissions- u   8.000   6/23/2022     EUR    67.730
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    64.340
BNP Paribas Emissions- u  14.000   6/23/2022     EUR    62.090
BNP Paribas Emissions- u  15.000   6/23/2022     EUR    61.790
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    65.440
BNP Paribas Emissions- u  15.000   9/22/2022     EUR    64.730
BNP Paribas Emissions- u  12.000  12/22/2022     EUR    67.250
BNP Paribas Emissions- u  14.000  12/22/2022     EUR    63.480
Societe Generale Effekte   9.250   3/25/2022     EUR    69.290
Societe Generale Effekte  19.250   3/25/2022     EUR    57.190
BNP Paribas Emissions- u   8.000   9/22/2022     EUR    69.900
BNP Paribas Emissions- u  10.000   9/22/2022     EUR    67.030
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    64.620
BNP Paribas Emissions- u   8.000   6/23/2022     EUR    45.530
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    42.570
BNP Paribas Emissions- u  12.000   6/23/2022     EUR    40.220
BNP Paribas Emissions- u   8.000   9/22/2022     EUR    47.270
BNP Paribas Emissions- u  10.000   9/22/2022     EUR    45.030
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    43.270
BNP Paribas Emissions- u  14.000   9/22/2022     EUR    41.890
BNP Paribas Emissions- u   8.000  12/22/2022     EUR    45.490
BNP Paribas Emissions- u  10.000  12/22/2022     EUR    44.330
BNP Paribas Emissions- u  12.000  12/22/2022     EUR    43.520
Bank Julius Baer & Co Lt   9.600   08/12/2022    USD    54.150
Leonteq Securities AG/Gu  26.380   08/12/2022    CHF    62.560
Landesbank Baden-Wuertte   6.750   8/26/2022     EUR    64.530
Landesbank Baden-Wuertte   8.700   8/26/2022     EUR    70.560
Landesbank Baden-Wuertte  10.100   8/26/2022     EUR    67.020
Landesbank Baden-Wuertte   4.800   8/26/2022     EUR    68.330
BNP Paribas Emissions- u  10.000   3/24/2022     EUR    67.260
BNP Paribas Emissions- u   8.000   9/22/2022     EUR    70.160
Societe Generale Effekte   4.000   7/22/2022     EUR    57.410
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    69.380
Vontobel Financial Produ  14.250   6/24/2022     EUR    65.510
Vontobel Financial Produ  16.250   6/24/2022     EUR    70.760
Vontobel Financial Produ  20.000   6/24/2022     EUR    40.860
Leonteq Securities AG     16.000  11/16/2022     CHF    65.790
Leonteq Securities AG     12.000  11/16/2022     CHF    53.550
Corner Banca SA           10.000   2/13/2023     EUR    48.470
Corner Banca SA           13.000   8/16/2022     CHF    53.780
Leonteq Securities AG     14.000   2/13/2023     CHF    48.660
Leonteq Securities AG/Gu  13.000  11/16/2022     USD    68.940
Bank Vontobel AG          10.000   8/15/2022     CHF    66.500
Bank Vontobel AG          10.000   8/15/2022     CHF    66.500
Bank Vontobel AG          14.500   2/13/2023     EUR    60.500
Bank Julius Baer & Co Lt  19.600   5/16/2022     CHF    53.700
Leonteq Securities AG     24.240   9/30/2022     CHF    62.190
Zurcher Kantonalbank Fin   8.150   3/31/2023     CHF    72.650
UBS AG/London             13.000   3/29/2023     USD    58.550
UBS AG/London             10.750  10/20/2022     EUR    72.450
UBS AG/London             14.250   4/20/2023     USD    59.350
Credit Suisse AG/London   10.000  11/30/2022     CHF    52.730
Credit Suisse AG/London   15.000   6/29/2022     USD    30.190
Credit Suisse AG/London   10.000   10/03/2022    CHF    62.350
UBS AG/London             19.500   09/01/2022    USD    71.050
UBS AG/London              8.250   03/01/2023    CHF    69.450
Credit Suisse AG/London   11.750   09/08/2022    USD    44.930
Credit Suisse AG/London   10.500   09/12/2022    CHF    45.440
Bank Vontobel AG          20.000  12/19/2022     CHF    48.700
UBS AG/London             11.000   6/30/2022     CHF    51.550
UBS AG/London              6.000   6/30/2023     CHF    67.150
Bank Vontobel AG          13.000  10/17/2022     CHF    57.400
Bank Vontobel AG           7.500   2/28/2023     CHF    46.600
Credit Suisse AG/London   15.250   9/19/2022     EUR    37.530
Credit Suisse AG/London   11.000  12/20/2022     CHF    48.830
Credit Suisse AG/London   10.250   9/21/2022     CHF    44.550
Credit Suisse AG/London    8.000  12/27/2022     EUR    68.680
Bank Vontobel AG           7.500  12/19/2022     EUR    63.600
UBS AG/London             11.000   7/21/2023     USD    51.150
Credit Suisse AG/London   13.000   6/30/2022     USD    36.470
Credit Suisse AG/London   11.500   07/04/2022    CHF    46.790
Credit Suisse AG/London   15.000   07/07/2022    USD    35.210
Credit Suisse AG/London   12.500   8/18/2022     CHF    49.590
Credit Suisse AG/London   11.500   8/23/2022     CHF    48.220
Credit Suisse AG/London   10.350   2/27/2023     CHF    54.800
Zurcher Kantonalbank Fin   8.000  12/27/2022     CHF    68.810
Zurcher Kantonalbank Fin  21.000   10/04/2022    CHF    45.190
UBS AG/London             14.250  10/20/2022     CHF    56.600
UBS AG/London             10.000   2/20/2023     EUR    42.000
UBS AG/London              9.250   2/20/2023     CHF    55.400
UBS AG/London             11.500   1/23/2023     CHF    65.400
UBS AG/London             13.500   07/07/2022    CHF    37.250
UBS AG/London             12.250   07/08/2022    USD    70.950
Zurcher Kantonalbank Fin  19.500   9/15/2022     USD    50.580
UBS AG/London             14.750   3/22/2023     USD    61.400
UBS AG/London             10.500   3/22/2023     USD    57.350
UBS AG/London             14.000   08/04/2022    USD    48.500
UBS AG/London             17.750   08/04/2022    CHF    49.450
UBS AG/London              8.750   08/04/2023    CHF    69.000
Credit Suisse AG/London    9.000   10/07/2022    CHF    48.050
Credit Suisse AG/London   15.000  10/14/2022     USD    47.600
Credit Suisse AG/London   11.100  10/13/2022     CHF    52.790
Bank Vontobel AG          20.000   9/26/2022     CHF    44.900
Bank Vontobel AG          20.000  12/27/2022     CHF    69.800
Bank Vontobel AG          20.000   9/26/2022     EUR    47.200
Bank Vontobel AG           4.500  12/27/2022     CHF    71.300
UBS AG/London              9.250   03/01/2023    CHF    52.250
UBS AG/London             10.250   09/01/2022    EUR    74.900
UBS AG/London             20.250   03/01/2023    CHF    54.150
UBS AG/London             11.250   03/01/2023    CHF    56.250
UBS AG/London              9.750   03/01/2023    CHF    55.500
Credit Suisse AG/London   10.000  12/28/2022     USD    41.740
Credit Suisse AG/London   11.500   9/29/2022     CHF    47.370
Credit Suisse AG/London   14.500   9/30/2022     USD    37.980
Credit Suisse AG/London   13.700   9/25/2023     USD    62.790
Credit Suisse AG/London   10.000   10/05/2022    USD    49.740
Bank Vontobel AG           7.000   3/31/2023     CHF    64.500
Bank Vontobel AG          10.000   01/10/2023    CHF    67.800
Bank Vontobel AG          13.000   01/10/2023    CHF    53.000
Bank Vontobel AG          10.500   04/12/2023    CHF    55.600
Bank Vontobel AG          16.250   04/12/2023    CHF    57.600
Bank Vontobel AG          15.000   04/12/2023    EUR    55.600
UBS AG/London             10.250   03/09/2023    USD    56.100
UBS AG/London             15.750   03/09/2023    USD    55.450
UBS AG/London              8.000   01/09/2023    CHF    74.650
Zurcher Kantonalbank Fin  15.000   9/23/2022     CHF    45.540
Zurcher Kantonalbank Fin  10.250   9/27/2022     CHF    70.060
Zurcher Kantonalbank Fin  14.000   9/27/2022     USD    70.910
UBS AG/London              9.250   2/13/2023     CHF    60.800
UBS AG/London             19.500   08/11/2022    CHF    41.550
UBS AG/London              9.250   2/13/2023     USD    52.150
Vontobel Financial Produ  14.500  12/23/2022     EUR    60.110
Bank Vontobel AG           8.750   4/18/2023     CHF    52.800
UBS AG/London             15.000   09/09/2022    USD    50.250
Bank Vontobel AG          14.000  11/28/2022     CHF    55.900
Bank Vontobel AG          12.500  11/28/2022     CHF    41.400
Bank Vontobel AG           8.000  11/28/2022     CHF    51.400
Bank Vontobel AG          10.000  11/28/2022     CHF    46.300
Bank Vontobel AG          17.000   09/05/2022    CHF    45.400
Bank Vontobel AG          19.000   12/05/2022    CHF    50.800
Bank Vontobel AG          19.500   09/05/2022    CHF    33.400
Bank Vontobel AG          12.000   12/12/2022    CHF    46.300
Zurcher Kantonalbank Fin  13.000   9/20/2022     USD    64.540
Zurcher Kantonalbank Fin  12.000   9/20/2022     CHF    64.220
Zurcher Kantonalbank Fin  25.000   9/20/2022     CHF    43.700
Credit Suisse AG/London   10.500   07/08/2022    EUR    38.820
Credit Suisse AG/London   11.500   7/13/2022     CHF    52.390
Credit Suisse AG/London   12.500   7/14/2022     USD    34.650
UBS AG/London             12.250   4/13/2023     CHF    60.300
Zurcher Kantonalbank Fin  16.000  10/14/2022     CHF    55.550
Zurcher Kantonalbank Fin   8.000  10/18/2022     CHF    52.470
UBS AG/London             10.750   3/15/2023     CHF    59.400
UBS AG/London              5.500   3/15/2023     EUR    68.750
UBS AG/London             10.750   3/15/2023     USD    72.350
UBS AG/London             15.250   9/15/2023     USD    64.050
UBS AG/London             18.250   3/15/2023     CHF    49.550
UBS AG/London             14.750   3/15/2023     EUR    49.000
UBS AG/London             12.000   3/22/2023     CHF    56.550
UBS AG/London              8.500   9/22/2022     CHF    49.100
Zurcher Kantonalbank Fin  20.000   10/12/2022    USD    50.440
Zurcher Kantonalbank Fin  19.500   10/12/2022    CHF    50.240
UBS AG/London             10.250   07/07/2022    EUR    61.400
UBS AG/London             15.500   07/07/2022    CHF    71.150
UBS AG/London              8.750   1/16/2023     CHF    75.400
UBS AG/London             10.250   1/17/2023     USD    64.950
UBS AG/London             17.250   7/14/2022     USD    71.300
UBS AG/London             21.250   7/14/2022     CHF    62.600
Zurcher Kantonalbank Fin  19.500   09/08/2022    CHF    45.850
Credit Suisse AG/London   10.000   7/22/2022     CHF    39.560
Credit Suisse AG/London   10.000   7/19/2022     EUR    40.730
Credit Suisse AG/London   12.750   7/20/2022     CHF    52.640
Credit Suisse AG/London   16.000   7/22/2022     USD    33.290
Bank Vontobel AG          12.000   09/06/2022    USD    53.200
Bank Vontobel AG           8.000   03/06/2023    USD    71.800
Bank Vontobel AG          16.250  11/28/2022     CHF    57.900
Bank Vontobel AG          13.000  11/28/2022     CHF    49.000
Bank Vontobel AG          13.500   10/03/2022    CHF    64.100
Bank Vontobel AG           5.250   01/04/2023    CHF    67.200
Bank Vontobel AG          14.750   1/16/2023     CHF    53.100
Bank Vontobel AG           8.500   1/23/2023     CHF    50.400
Bank Vontobel AG          17.000   1/24/2023     CHF    47.100
Bank Vontobel AG          15.000  10/24/2022     CHF    51.500
Leonteq Securities AG/Gu  10.000   02/01/2023    CHF    43.070
Leonteq Securities AG/Gu  12.000   05/02/2023    USD    62.950
Bank Vontobel AG          16.500   8/29/2022     CHF    52.000
Bank Vontobel AG          18.000   2/28/2023     CHF    54.000
Bank Vontobel AG          25.000   8/25/2022     CHF    58.000
Bank Vontobel AG           5.500  11/28/2022     EUR    66.500
UBS AG/London              9.250   1/30/2023     USD    54.950
UBS AG/London             20.250   7/28/2022     USD    43.050
UBS AG/London              8.500   1/30/2023     CHF    60.000
UBS AG/London             28.500   7/28/2022     USD    45.550
UBS AG/London              8.000   7/28/2023     CHF    68.900
Zurcher Kantonalbank Fin  21.750  10/21/2022     CHF    51.230
Credit Suisse AG/London   16.000   08/05/2022    USD    38.260
Credit Suisse AG/London   10.250   11/09/2022    USD    39.420
Credit Suisse AG/London    9.250   08/11/2022    CHF    53.580
Credit Suisse AG/London   11.250   8/15/2022     EUR    60.510
UBS AG/London             14.750   4/14/2023     USD    60.900
UBS AG/London             13.250   4/14/2023     USD    62.600
UBS AG/London             13.000   10/06/2022    CHF    48.800
UBS AG/London              9.750   04/06/2023    USD    60.500
UBS AG/London             13.750   10/06/2023    USD    67.350
UBS AG/London             21.250   2/20/2023     CHF    53.200
UBS AG/London              9.250   2/27/2023     CHF    57.900
UBS AG/London             15.750   2/27/2023     CHF    52.600
UBS AG/London              8.750   2/27/2023     USD    68.200
Credit Suisse AG/London   12.250   7/28/2022     CHF    53.860
Credit Suisse AG/London    8.000  10/28/2022     CHF    64.270
Credit Suisse AG/London   12.500   7/29/2022     USD    35.440
Credit Suisse AG/London   10.000   08/03/2022    EUR    37.730
Credit Suisse AG/London    9.500   08/03/2022    CHF    50.910
Credit Suisse AG/London   18.250   08/08/2022    USD    45.250
UBS AG/London             13.000   04/06/2023    USD    52.200
Zurcher Kantonalbank Fin  23.000  10/20/2022     CHF    59.240
Zurcher Kantonalbank Fin  19.250  10/25/2022     USD    69.600
Zurcher Kantonalbank Fin  26.800  10/25/2022     CHF    62.030
Zurcher Kantonalbank Fin  14.500  10/24/2022     USD    45.160
Bank Vontobel AG          10.000   1/23/2023     CHF    51.500
UBS AG/London             12.000   02/06/2023    USD    68.550
UBS AG/London             18.750   02/06/2023    CHF    56.600
UBS AG/London             10.250   02/06/2023    CHF    65.450
UBS AG/London              8.000   7/28/2022     EUR    64.650
Bank Vontobel AG          18.000   8/29/2022     USD    55.600
Bank Vontobel AG          15.000   8/29/2022     USD    47.300
Bank Vontobel AG          13.750   03/06/2023    EUR    47.700
Bank Vontobel AG          12.000   09/05/2022    EUR    49.800
Credit Suisse AG/London   12.000  10/18/2022     EUR    44.120
Credit Suisse AG/London    9.500  10/18/2022     CHF    50.030
Credit Suisse AG/London   12.250  10/24/2022     CHF    49.670
Credit Suisse AG/London   13.500  10/24/2022     USD    49.800
Bank Vontobel AG          16.500  10/31/2022     CHF    51.400
Bank Vontobel AG          11.000  10/31/2022     CHF    50.200
Bank Vontobel AG          15.000   05/02/2023    CHF    56.000
Bank Vontobel AG          19.000  10/31/2022     EUR    50.000
UBS AG/London             11.500  10/27/2022     EUR    50.350
UBS AG/London              9.750   4/27/2023     USD    71.450
UBS AG/London              9.500   4/27/2023     USD    69.400
Zurcher Kantonalbank Fin  20.000  10/26/2022     USD    54.540
Zurcher Kantonalbank Fin  19.000  10/26/2022     CHF    54.370
Landesbank Baden-Wuertte   6.500  10/27/2023     EUR    58.430
Landesbank Baden-Wuertte   8.000  10/27/2023     EUR    57.420
Bank Julius Baer & Co Lt   6.800   02/02/2023    CHF    70.400
Leonteq Securities AG     20.400   11/01/2022    CHF    61.730
Raiffeisen Schweiz Genos  12.250   05/02/2023    CHF    51.120
EFG International Financ  15.000   10/06/2022    USD    52.620
Raiffeisen Schweiz Genos  11.000  12/27/2022     CHF    53.340
Raiffeisen Schweiz Genos  11.500   9/27/2022     CHF    46.830
Raiffeisen Schweiz Genos  15.000   9/27/2022     CHF    37.720
Raiffeisen Schweiz Genos   8.500   3/24/2023     USD    47.570
Raiffeisen Schweiz Genos  18.500   9/27/2022     USD    47.200
Raiffeisen Schweiz Genos   8.000   3/24/2023     CHF    66.260
Leonteq Securities AG     24.000   9/28/2022     CHF    53.010
DZ Bank AG Deutsche Zent  24.600   3/25/2022     EUR    56.000
DZ Bank AG Deutsche Zent  19.900   6/24/2022     EUR    60.560
DZ Bank AG Deutsche Zent  16.900   9/23/2022     EUR    63.690
DZ Bank AG Deutsche Zent  15.100  12/23/2022     EUR    66.270
Basler Kantonalbank       12.000   9/29/2022     CHF    40.660
EFG International Financ  12.000   3/29/2023     USD    48.990
Nordea Bank Abp            0.620  10/14/2026     SEK    71.970
Societe Generale Effekte   6.000   7/22/2022     EUR    68.340
Societe Generale Effekte   7.000   8/26/2022     EUR    63.450
Societe Generale Effekte  10.250   9/23/2022     EUR    56.410
Societe Generale Effekte  11.250  10/28/2022     EUR    55.020
Societe Generale Effekte  13.250  10/28/2022     EUR    53.000
Societe Generale Effekte  15.250  10/28/2022     EUR    51.500
Landesbank Baden-Wuertte   6.200   3/24/2023     EUR    56.920
Landesbank Baden-Wuertte   8.650   3/24/2023     EUR    53.730
Landesbank Baden-Wuertte   3.650   3/24/2023     EUR    67.550
Landesbank Baden-Wuertte   6.200   3/24/2023     EUR    64.110
Vontobel Financial Produ  16.750   9/23/2022     EUR    53.140
Vontobel Financial Produ  15.000   9/23/2022     EUR    68.760
Vontobel Financial Produ   9.000   9/23/2022     EUR    67.580
Vontobel Financial Produ  16.500   9/23/2022     EUR    68.740
Leonteq Securities AG/Gu  19.330   10/04/2022    CHF    47.320
Leonteq Securities AG/Gu  19.430   10/04/2022    CHF    47.580
Leonteq Securities AG     10.000   01/04/2023    CHF    52.480
Leonteq Securities AG     15.000   01/04/2023    CHF    53.340
UBS AG/London             10.500   1/23/2023     CHF    57.650
UBS AG/London              8.250   7/21/2022     USD    56.400
UBS AG/London             11.750   7/21/2022     CHF    62.050
Credit Suisse AG/London   11.500   8/25/2022     USD    41.460
Credit Suisse AG/London    8.500   6/30/2022     CHF    35.690
Credit Suisse AG/London    8.500   6/24/2022     CHF    44.990
Credit Suisse AG/London   15.000   6/27/2022     USD    36.650
UBS AG/London             10.500   2/27/2023     CHF    72.950
Credit Suisse AG/London    8.500   9/13/2022     CHF    47.020
Credit Suisse AG/London   15.000   9/15/2022     USD    39.940
Bank Vontobel AG           8.500   3/17/2023     CHF    69.700
Bank Vontobel AG          10.500  12/27/2022     CHF    50.900
UBS AG/London             14.500   6/30/2022     CHF    61.400
Bank Vontobel AG          10.000   2/27/2023     EUR    47.200
Bank Vontobel AG          15.500  12/19/2022     EUR    45.100
UBS AG/London             12.500   2/13/2023     CHF    64.750
Credit Suisse AG/London   12.000   6/30/2022     CHF    36.380
Credit Suisse AG/London   14.250   07/04/2022    CHF    68.190
Credit Suisse AG/London   11.500   10/06/2022    USD    48.210
Credit Suisse AG/London   13.500   8/17/2022     CHF    37.260
Credit Suisse AG/London    8.000   8/24/2022     USD    53.350
EFG International Financ   8.260   8/26/2022     USD    53.800
EFG International Financ  24.360   5/27/2022     CHF    32.040
Leonteq Securities AG/Gu  22.260   8/26/2022     CHF    58.400
Leonteq Securities AG/Gu  24.600   8/26/2022     USD    49.390
Vontobel Financial Produ  13.400   8/29/2022     EUR    68.700
Zurcher Kantonalbank Fin  17.250   09/02/2022    CHF    42.470
Societe Generale Effekte   3.750   9/23/2022     EUR    65.060
Societe Generale Effekte   5.750   9/23/2022     EUR    58.860
Societe Generale Effekte   7.750   9/23/2022     EUR    54.810
UniCredit Bank AG         10.500   9/23/2024     EUR    72.970
Vontobel Financial Produ  10.000   9/23/2022     EUR    62.000
Vontobel Financial Produ  10.000   6/24/2022     EUR    60.890
Vontobel Financial Produ  14.000   9/23/2022     EUR    58.950
Vontobel Financial Produ   5.500   6/24/2022     EUR    66.410
Vontobel Financial Produ  16.000   6/24/2022     EUR    70.780
Leonteq Securities AG/Gu  11.000   03/01/2023    CHF    51.960
Leonteq Securities AG/Gu  10.000   03/01/2023    USD    67.390
Vontobel Financial Produ  17.000   9/23/2022     EUR    70.590
UniCredit Bank AG          8.130   8/26/2022     EUR    56.770
Leonteq Securities AG/Gu  13.000  11/30/2022     USD    47.820
Leonteq Securities AG/Gu  22.770   8/30/2022     CHF    50.880
Vontobel Financial Produ  18.500   9/23/2022     EUR    62.480
UBS AG/London              9.250   6/23/2023     USD    72.900
Credit Suisse AG/London   10.000   5/30/2022     CHF    52.340
Leonteq Securities AG/Gu  10.000   1/18/2023     USD    70.290
Leonteq Securities AG/Gu  22.800   10/05/2022    CHF    48.110
Leonteq Securities AG     21.600  10/18/2022     CHF    58.340
Vontobel Financial Produ  15.250   9/23/2022     EUR    64.190
UniCredit Bank AG          6.650   9/28/2022     EUR    66.440
Vontobel Financial Produ  14.000   9/23/2022     EUR    49.010
Vontobel Financial Produ   7.500   9/23/2022     EUR    52.510
Vontobel Financial Produ   8.500   6/24/2022     EUR    51.740
Vontobel Financial Produ   6.000   9/23/2022     EUR    53.850
Vontobel Financial Produ  14.000   9/23/2022     EUR    41.750
Leonteq Securities AG/Gu  27.170   8/19/2022     EUR    50.640
Vontobel Financial Produ  11.500   6/24/2022     EUR    72.540
Vontobel Financial Produ  13.500   9/23/2022     EUR    70.880
Vontobel Financial Produ  15.000   9/23/2022     EUR    70.070
Leonteq Securities AG/Gu  25.000   09/07/2022    CHF    47.180
DZ Bank AG Deutsche Zent  20.800   9/23/2022     EUR    71.640
DZ Bank AG Deutsche Zent  19.500   9/23/2022     EUR    63.480
DZ Bank AG Deutsche Zent  21.900   6/24/2022     EUR    55.140
DZ Bank AG Deutsche Zent  23.500   3/25/2022     EUR    68.670
DZ Bank AG Deutsche Zent  22.000   6/24/2022     EUR    57.080
DZ Bank AG Deutsche Zent  24.100   9/23/2022     EUR    56.740
Vontobel Financial Produ   8.500   9/23/2022     EUR    51.040
Vontobel Financial Produ  14.000   9/23/2022     EUR    47.510
Vontobel Financial Produ  19.000   6/24/2022     EUR    44.780
Vontobel Financial Produ  16.750   03/08/2022    EUR    67.680
Vontobel Financial Produ  11.500   6/24/2022     EUR    66.910
Vontobel Financial Produ  15.000   9/23/2022     EUR    64.910
Vontobel Financial Produ  15.500   6/24/2022     EUR    64.030
Vontobel Financial Produ  16.500   6/24/2022     EUR    63.070
Leonteq Securities AG     23.320   09/07/2022    CHF    50.600
Leonteq Securities AG     23.200   09/07/2022    CHF    43.860
Leonteq Securities AG/Gu  11.000   09/07/2022    CHF    45.160
Raiffeisen Schweiz Genos   4.000   03/03/2023    CHF    62.940
Leonteq Securities AG/Gu   8.000   03/07/2023    USD    46.390
Vontobel Financial Produ  18.350   9/23/2022     EUR    46.900
Leonteq Securities AG/Gu   9.500   12/08/2022    EUR    56.090
Societe Generale Effekte  14.250   9/23/2022     EUR    44.350
Leonteq Securities AG     22.680  10/14/2022     CHF    67.980
Raiffeisen Schweiz Genos  12.000   01/04/2023    CHF    54.140
Raiffeisen Schweiz Genos  18.000   10/04/2022    CHF    46.330
Vontobel Financial Produ  21.720   10/05/2022    USD    68.910
DZ Bank AG Deutsche Zent  10.500  10/26/2022     EUR    54.930
Societe Generale Effekte  14.750   8/26/2022     EUR    50.460
Societe Generale Effekte  16.750   8/26/2022     EUR    49.150
Societe Generale Effekte  16.000   9/23/2022     EUR    49.910
Societe Generale Effekte  15.750   7/22/2022     EUR    49.420
Societe Generale Effekte  17.750   7/22/2022     EUR    48.070
Societe Generale Effekte   4.750   8/26/2022     EUR    69.960
Societe Generale Effekte  10.750   8/26/2022     EUR    54.750
Societe Generale Effekte  12.750   8/26/2022     EUR    52.260
Leonteq Securities AG/Gu   9.000   02/01/2023    CHF    66.670
Bank Vontobel AG          13.259   7/29/2022     CHF    43.200
Vontobel Financial Produ  13.500   9/23/2022     EUR    70.880
Vontobel Financial Produ  12.000   9/23/2022     EUR    71.770
Leonteq Securities AG/Gu  12.000   7/15/2022     CHF    62.290
Bank Vontobel AG           8.000   7/18/2022     CHF    36.700
Vontobel Financial Produ  11.500   6/24/2022     EUR    63.460
Vontobel Financial Produ   6.000   9/23/2022     EUR    68.080
Vontobel Financial Produ  11.500   9/23/2022     EUR    61.430
Vontobel Financial Produ   6.500   6/24/2022     EUR    66.770
Vontobel Financial Produ   8.500   6/24/2022     EUR    63.710
Vontobel Financial Produ  14.000   6/24/2022     EUR    73.270
Bank Julius Baer & Co Lt   8.600   7/19/2022     CHF    65.400
Luzerner Kantonalbank AG   7.500   08/09/2023    CHF    55.240
Vontobel Financial Produ  11.000   9/23/2022     EUR    61.140
Vontobel Financial Produ  13.500   9/23/2022     EUR    59.920
Vontobel Financial Produ  16.000   6/24/2022     EUR    57.200
Leonteq Securities AG     13.200  10/19/2022     CHF    44.770
Zurcher Kantonalbank Fin  21.500   8/16/2022     USD    60.270
Zurcher Kantonalbank Fin  20.250   8/16/2022     CHF    70.440
Zurcher Kantonalbank Fin  18.000   8/16/2022     USD    54.520
Zurcher Kantonalbank Fin  10.000   8/16/2022     USD    61.430
Leonteq Securities AG/Gu  14.200  10/19/2022     USD    44.630
Leonteq Securities AG/Gu  21.840   06/09/2022    CHF    56.410
Leonteq Securities AG/Gu  22.870   06/09/2022    CHF    47.510
Bank Julius Baer & Co Lt   5.250   08/10/2022    CHF    69.150
Zurcher Kantonalbank Fin  29.000   8/17/2022     CHF    52.720
EFG International Financ  17.000   6/30/2022     CHF    50.600
EFG International Financ  10.010   6/30/2022     EUR    40.920
UBS AG/London              9.900   07/01/2024    EUR    71.095
Raiffeisen Centrobank AG  11.750   08/04/2023    EUR    54.300
Vontobel Financial Produ  18.650   06/09/2022    EUR    20.150
Zurcher Kantonalbank Fin  22.750   3/29/2022     USD    72.940
Bank Vontobel AG           6.504   12/05/2022    CHF    65.400
Bank Julius Baer & Co Lt   9.000   07/01/2022    USD    55.550
Landesbank Baden-Wuertte   5.000   6/24/2022     EUR    70.470
Vontobel Financial Produ   7.700   08/02/2022    CHF    56.720
EFG International Financ  17.000   07/08/2022    USD    45.810
Raiffeisen Schweiz Genos  11.000   07/06/2022    CHF    65.740
Zurcher Kantonalbank Fin  10.750   7/15/2022     EUR    43.320
Raiffeisen Schweiz Genos  13.200   08/02/2022    USD    41.730
Raiffeisen Schweiz Genos  12.500   08/02/2022    CHF    53.940
Societe Generale SA       11.000   7/14/2026     USD    52.750
Zurcher Kantonalbank Fin  20.000   08/10/2022    USD    58.520
Societe Generale Effekte   3.500   5/27/2022     EUR    69.660
Corner Banca SA           11.200   10/12/2022    EUR    64.130
Raiffeisen Schweiz Genos  14.000   07/12/2022    CHF    52.790
Credit Suisse AG/London   11.000   06/08/2022    CHF    66.580
Bank Vontobel AG           6.504   12/05/2022    CHF    65.400
Leonteq Securities AG/Gu  21.520   07/01/2022    CHF    32.210
Leonteq Securities AG/Gu  25.460   07/01/2022    CHF    31.400
Zurcher Kantonalbank Fin  23.051   3/29/2022     EUR    72.640
DZ Bank AG Deutsche Zent  15.000   6/24/2022     EUR    66.430
Bank Julius Baer & Co Lt  11.000   01/04/2023    CHF    69.150
EFG International Financ  12.000   12/09/2022    CHF    60.190
EFG International Financ  10.000   12/09/2022    USD    48.670
UBS AG/London             11.250   12/09/2022    CHF    59.150
UBS AG/London              8.000   06/09/2023    CHF    66.150
UBS AG/London              8.250   06/09/2023    CHF    74.000
UBS AG/London             17.750   06/09/2022    USD    75.300
UBS AG/London             10.500   06/09/2023    CHF    66.850
Leonteq Securities AG/Gu  21.760   06/10/2022    CHF    39.190
Raiffeisen Schweiz Genos  15.000   06/07/2022    CHF    68.080
Leonteq Securities AG     18.000   10/06/2022    CHF    62.520
Leonteq Securities AG/Gu   9.000   01/06/2023    CHF    70.620
Vontobel Financial Produ  15.500   6/24/2022     EUR    63.670
Zurcher Kantonalbank Fin  15.250   07/06/2022    CHF    57.810
Vontobel Financial Produ  12.000   6/24/2022     EUR    63.190
Vontobel Financial Produ  11.000   6/24/2022     EUR    70.460
Societe Generale Effekte   4.750   6/24/2022     EUR    63.130
Societe Generale Effekte   6.750   6/24/2022     EUR    56.610
Leonteq Securities AG/Gu  10.000   07/06/2022    EUR    47.420
Leonteq Securities AG/Gu   7.000   07/06/2022    EUR    39.940
DZ Bank AG Deutsche Zent   9.000   9/21/2022     EUR    72.680
Bank Julius Baer & Co Lt  14.500   1/13/2023     USD    41.000
DZ Bank AG Deutsche Zent   7.000   3/23/2022     EUR    70.300
Zurcher Kantonalbank Fin  15.000   7/20/2022     CHF    62.020
UniCredit Bank AG         10.400   08/11/2022    EUR    61.669
Landesbank Baden-Wuertte   5.850   7/22/2022     EUR    52.750
DZ Bank AG Deutsche Zent  24.000   6/24/2022     EUR    57.860
DZ Bank AG Deutsche Zent  20.300   3/25/2022     EUR    67.150
DZ Bank AG Deutsche Zent  24.400   3/25/2022     EUR    62.410
DZ Bank AG Deutsche Zent  17.700   6/24/2022     EUR    70.850
DZ Bank AG Deutsche Zent  20.600   6/24/2022     EUR    67.010
DZ Bank AG Deutsche Zent  23.500   6/24/2022     EUR    63.750
DZ Bank AG Deutsche Zent  22.300   3/25/2022     EUR    61.490
DZ Bank AG Deutsche Zent  19.400   6/24/2022     EUR    65.860
DZ Bank AG Deutsche Zent  23.100   6/24/2022     EUR    61.210
DZ Bank AG Deutsche Zent  21.200   3/25/2022     EUR    69.630
DZ Bank AG Deutsche Zent  24.400   6/24/2022     EUR    65.010
Landesbank Baden-Wuertte   6.000   7/22/2022     EUR    55.820
Landesbank Baden-Wuertte   8.550   7/22/2022     EUR    67.200
DZ Bank AG Deutsche Zent  17.800   3/25/2022     EUR    40.910
Societe Generale Effekte   9.000   6/24/2022     EUR    52.120
Societe Generale Effekte  12.750   6/24/2022     EUR    45.500
Societe Generale Effekte  14.750   6/24/2022     EUR    43.830
Societe Generale Effekte   4.250   7/22/2022     EUR    62.880
Societe Generale Effekte  12.250   7/22/2022     EUR    46.290
Societe Generale Effekte  14.250   7/22/2022     EUR    44.620
Landesbank Baden-Wuertte   4.500   7/22/2022     EUR    58.300
Landesbank Baden-Wuertte   7.200   7/22/2022     EUR    54.620
Landesbank Baden-Wuertte   9.250   7/22/2022     EUR    52.930
DZ Bank AG Deutsche Zent  20.200   6/24/2022     EUR    42.770
Leonteq Securities AG/Gu  20.000   7/13/2022     CHF    56.290
Leonteq Securities AG/Gu  28.010   4/19/2022     CHF    19.970
Vontobel Financial Produ  10.750   6/24/2022     EUR    60.880
Vontobel Financial Produ  13.750   6/24/2022     EUR    59.470
Vontobel Financial Produ  17.750   6/24/2022     EUR    48.030
Societe Generale SA       15.000   8/30/2024     USD    39.370
Vontobel Financial Produ  11.000   6/24/2022     EUR    56.000
Vontobel Financial Produ   8.500   6/24/2022     EUR    58.480
Vontobel Financial Produ  13.500   6/24/2022     EUR    53.890
Vontobel Financial Produ  12.000   6/24/2022     EUR    64.510
Vontobel Financial Produ   9.500   9/23/2022     EUR    67.260
Vontobel Financial Produ   8.500   6/24/2022     EUR    68.490
EFG International Financ   8.000   1/19/2023     CHF    66.210
UniCredit Bank AG          3.600   09/02/2024    EUR    48.670
Corner Banca SA           13.000  10/19/2022     CHF    42.240
Corner Banca SA           11.200   7/19/2022     CHF    54.030
Corner Banca SA           13.000   1/19/2023     USD    65.810
Leonteq Securities AG     10.400   1/19/2023     CHF    68.160
Leonteq Securities AG     10.000  10/19/2022     CHF    54.960
Bank Vontobel AG          10.500   1/16/2023     CHF    64.000
Bank Vontobel AG          10.500   1/16/2023     CHF    64.000
Leonteq Securities AG/Gu  10.000   1/19/2023     USD    36.490
Leonteq Securities AG/Gu  11.000   1/19/2023     CHF    63.780
Leonteq Securities AG/Gu  10.000   7/19/2022     CHF    22.110
BrokerCreditService Stru   3.500   4/30/2024     USD    53.500
Vontobel Financial Produ  10.000   9/23/2022     EUR    65.350
Vontobel Financial Produ  13.500   9/23/2022     EUR    62.320
Vontobel Financial Produ   7.000   9/23/2022     EUR    69.480
Vontobel Financial Produ  16.500   9/23/2022     EUR    59.690
Vontobel Financial Produ  15.500   6/24/2022     EUR    59.550
Vontobel Financial Produ   7.500   9/23/2022     EUR    65.360
Vontobel Financial Produ   9.500   9/23/2022     EUR    63.240
Vontobel Financial Produ  13.500   9/23/2022     EUR    59.910
Vontobel Financial Produ  11.000   6/24/2022     EUR    61.210
Vontobel Financial Produ  13.500   6/24/2022     EUR    59.060
Vontobel Financial Produ  16.000   6/24/2022     EUR    70.750
Vontobel Financial Produ  18.500   6/24/2022     EUR    50.570
BrokerCreditService Stru   8.000   1/30/2024     USD    31.970
Leonteq Securities AG     10.000   02/06/2023    CHF    46.210
Leonteq Securities AG     11.200   02/06/2023    CHF    54.710
Leonteq Securities AG/Gu  18.000   08/09/2022    USD    45.860
Vontobel Financial Produ  21.000   6/24/2022     EUR    41.930
Vontobel Financial Produ   8.750   9/23/2022     EUR    56.140
Vontobel Financial Produ  12.000   6/24/2022     EUR    66.610
Vontobel Financial Produ  10.500   6/24/2022     EUR    61.050
Vontobel Financial Produ  13.000   6/24/2022     EUR    58.890
Zurcher Kantonalbank Fin  17.000   7/27/2022     CHF    55.800
Zurcher Kantonalbank Fin  16.000   7/26/2022     CHF    61.040
Zurcher Kantonalbank Fin  22.000   8/16/2022     CHF    69.740
Bank Vontobel AG          10.000   02/06/2023    CHF    50.100
Bank Vontobel AG          10.000   08/08/2022    CHF    35.200
Bank Vontobel AG          12.000   02/06/2023    EUR    43.700
Bank Julius Baer & Co Lt   4.850   7/20/2022     CHF    65.950
Vontobel Financial Produ  12.000   08/09/2022    EUR    67.240
Bank Julius Baer & Co Lt  13.150   08/10/2022    CHF    70.600
Leonteq Securities AG/Gu  26.460   08/09/2022    CHF    38.760
DZ Bank AG Deutsche Zent   9.750   8/24/2022     EUR    67.960
DZ Bank AG Deutsche Zent  15.000   8/24/2022     EUR    62.200
DZ Bank AG Deutsche Zent   7.000   9/21/2022     EUR    67.170
DZ Bank AG Deutsche Zent  10.250   8/24/2022     EUR    45.870
DZ Bank AG Deutsche Zent  15.500   8/24/2022     EUR    42.790
Vontobel Financial Produ  18.500   9/23/2022     EUR    58.180
Vontobel Financial Produ  24.000   6/24/2022     EUR    56.190
Leonteq Securities AG/Gu  21.000   06/09/2022    CHF    55.960
Raiffeisen Schweiz Genos  10.000   02/06/2023    EUR    43.930
Raiffeisen Schweiz Genos  12.000   11/09/2022    CHF    37.810
Vontobel Financial Produ  18.500   6/24/2022     EUR    67.830
Vontobel Financial Produ   7.500   6/24/2022     EUR    45.520
Vontobel Financial Produ  15.000   6/24/2022     EUR    39.640
Leonteq Securities AG/Gu  10.000  12/21/2022     USD    54.450
Leonteq Securities AG/Gu  16.000   6/21/2022     USD    47.600
Vontobel Financial Produ  16.000   6/24/2022     EUR    55.250
Credit Suisse AG/London    9.500   6/21/2022     USD    36.530
DZ Bank AG Deutsche Zent  20.200   6/24/2022     EUR    71.940
DZ Bank AG Deutsche Zent  23.200   6/24/2022     EUR    62.730
DZ Bank AG Deutsche Zent  24.600   3/25/2022     EUR    59.350
DZ Bank AG Deutsche Zent  14.800   6/24/2022     EUR    70.590
Bank Julius Baer & Co Lt  10.050   7/29/2022     USD    50.150
Societe Generale Effekte   7.000   3/25/2022     EUR    48.570
Societe Generale Effekte  17.000   3/25/2022     EUR    37.910
Societe Generale Effekte   5.000   5/27/2022     EUR    54.670
Societe Generale Effekte   6.500   6/24/2022     EUR    50.740
Societe Generale Effekte   9.250   3/24/2022     EUR    68.270
Zurcher Kantonalbank Fin  20.500   08/09/2022    CHF    51.620
Vontobel Financial Produ  12.000   6/24/2022     EUR    40.450
Leonteq Securities AG/Gu  12.000   7/29/2022     CHF    66.370
Leonteq Securities AG/Gu  20.000   7/29/2022     CHF    55.850
Leonteq Securities AG/Gu  22.450   7/29/2022     CHF    43.920
Vontobel Financial Produ   8.250   6/24/2022     EUR    66.570
Vontobel Financial Produ  14.750   6/24/2022     EUR    29.860
Vontobel Financial Produ  17.750   6/24/2022     EUR    34.780
Vontobel Financial Produ  11.750   6/24/2022     EUR    37.860
Leonteq Securities AG/Gu  10.000   11/02/2022    CHF    65.790
Leonteq Securities AG/Gu   5.000   1/30/2023     USD    52.330
UniCredit Bank AG         12.000   8/18/2022     EUR    56.260
Societe Generale Effekte   4.750   6/24/2022     EUR    56.380
Societe Generale Effekte   8.750   6/24/2022     EUR    47.350
Zurcher Kantonalbank Fin  12.500   08/09/2022    EUR    62.130
Vontobel Financial Produ   8.500   6/24/2022     EUR    59.330
Bank Vontobel AG          13.000   1/30/2023     EUR    70.800
Basler Kantonalbank       11.000   01/09/2023    CHF    65.660
EFG International Financ  10.000   01/09/2023    USD    44.240
Leonteq Securities AG     15.000   08/02/2022    CHF    36.930
Leonteq Securities AG/Gu  17.000   08/02/2022    USD    39.240
Leonteq Securities AG/Gu  20.000   08/03/2022    CHF    47.590
Raiffeisen Schweiz Genos  13.000   08/02/2022    CHF    66.820
Vontobel Financial Produ  13.500   6/24/2022     EUR    73.090
Vontobel Financial Produ  17.000   6/24/2022     EUR    70.560
Vontobel Financial Produ  19.500   6/24/2022     EUR    70.810
Vontobel Financial Produ  17.000   6/24/2022     EUR    71.460
Vontobel Financial Produ  10.000   6/24/2022     EUR    43.160
Vontobel Financial Produ  12.500   6/24/2022     EUR    41.230
Vontobel Financial Produ  17.500   6/24/2022     EUR    38.360
Leonteq Securities AG/Gu  12.000   6/21/2022     CHF    52.530
Credit Suisse AG/London   11.000   6/20/2022     USD    53.340
Raiffeisen Schweiz Genos  10.500   6/21/2022     CHF    57.630
Vontobel Financial Produ  12.250   6/24/2022     EUR    66.310
Leonteq Securities AG     13.000  12/21/2022     CHF    56.500
Leonteq Securities AG     15.000   6/21/2022     CHF    32.540
Corner Banca SA           12.000  12/21/2022     CHF    45.180
Corner Banca SA           12.000   6/21/2022     CHF    22.420
Vontobel Financial Produ  21.500   6/24/2022     EUR    69.980
Vontobel Financial Produ   7.000   6/24/2022     EUR    66.770
Vontobel Financial Produ  19.500   6/24/2022     EUR    60.750
Vontobel Financial Produ  16.500   6/24/2022     EUR    59.730
Vontobel Financial Produ  11.000   6/24/2022     EUR    65.660
Raiffeisen Schweiz Genos  11.500   6/21/2022     CHF    69.170
Vontobel Financial Produ   5.500   6/24/2022     EUR    67.640
Vontobel Financial Produ   8.500   6/24/2022     EUR    62.440
Vontobel Financial Produ   8.000   6/24/2022     EUR    67.270
Vontobel Financial Produ  12.000   6/24/2022     EUR    58.370
Vontobel Financial Produ  12.500   6/24/2022     EUR    61.730
Vontobel Financial Produ  10.000   6/24/2022     EUR    64.220
Leonteq Securities AG/Gu   5.000  12/21/2022     USD    57.740
Bank Julius Baer & Co Lt  13.000   6/22/2022     CHF    46.850
Leonteq Securities AG/Gu  22.790   6/22/2022     CHF    44.420
Bank Vontobel AG           6.752   9/19/2022     CHF    67.600
UniCredit Bank AG          5.250   07/01/2024    EUR    73.380
Bank Julius Baer & Co Lt   8.250   6/17/2022     USD    60.100
UBS AG/London             10.250  11/30/2022     CHF    65.050
UBS AG/London             12.000  11/30/2022     EUR    50.450
Leonteq Securities AG/Gu  21.290   6/17/2022     CHF    62.900
Leonteq Securities AG/Gu  20.760   6/17/2022     CHF    32.880
Leonteq Securities AG     14.000   06/08/2022    CHF    48.370
Leonteq Securities AG/Gu  12.000   06/08/2022    CHF    20.760
Credit Suisse AG/London   10.250   06/02/2022    USD    40.920
Zurcher Kantonalbank Fin   6.500   6/14/2022     CHF    63.360
Vontobel Financial Produ  12.750   6/24/2022     EUR    68.600
Vontobel Financial Produ  10.000   6/24/2022     EUR    53.840
Vontobel Financial Produ  13.750   6/24/2022     EUR    39.920
DekaBank Deutsche Giroze   4.000   07/07/2022    EUR    57.930
Vontobel Financial Produ   9.000   06/08/2022    EUR    57.300
Zurcher Kantonalbank Fin  20.000   6/15/2022     USD    60.090
Zurcher Kantonalbank Fin  19.250   6/15/2022     CHF    59.850
DZ Bank AG Deutsche Zent   9.500   3/23/2022     EUR    69.210
Societe Generale SA       15.000   07/03/2024    USD    48.150
Vontobel Financial Produ  10.500   6/24/2022     EUR    66.020
Vontobel Financial Produ  20.000   6/24/2022     EUR    56.100
Vontobel Financial Produ  12.500   6/24/2022     EUR    66.540
Vontobel Financial Produ  17.000   6/24/2022     EUR    62.270
Vontobel Financial Produ  19.500   6/24/2022     EUR    60.590
Zurcher Kantonalbank Fin  20.250   6/24/2022     CHF    68.730
Zurcher Kantonalbank Fin  14.000   6/24/2022     CHF    42.890
Leonteq Securities AG/Gu  23.290   06/03/2022    CHF    67.830
Erste Group Bank AG        8.000   6/30/2022     EUR    64.950
Erste Group Bank AG        4.250   6/30/2022     EUR    67.750
Bank Julius Baer & Co Lt   8.200   9/19/2022     USD    59.150
UBS AG/London             11.000  11/30/2022     CHF    56.600
Leonteq Securities AG/Gu   9.000   09/07/2022    CHF    67.710
Leonteq Securities AG/Gu   8.000   12/07/2022    CHF    46.870
Zurcher Kantonalbank Fin  14.000   6/14/2022     CHF    68.520
Vontobel Financial Produ   9.750   6/24/2022     EUR    38.520
Vontobel Financial Produ  16.000   6/24/2022     EUR    42.550
Credit Suisse AG/London   10.000   06/07/2022    CHF    50.960
DZ Bank AG Deutsche Zent  13.300   3/25/2022     EUR    67.010
DZ Bank AG Deutsche Zent  13.900   6/24/2022     EUR    66.710
DZ Bank AG Deutsche Zent  22.500   3/25/2022     EUR    57.780
Landesbank Baden-Wuertte  10.500   6/24/2022     EUR    49.710
Landesbank Baden-Wuertte   4.200   6/24/2022     EUR    58.180
Landesbank Baden-Wuertte   9.500   6/24/2022     EUR    69.720
Zurcher Kantonalbank Fin  21.750   06/10/2022    CHF    63.700
Zurcher Kantonalbank Fin  13.000   06/10/2022    CHF    63.910
EFG International Financ  18.000   6/16/2022     CHF    44.290
EFG International Financ  10.000  12/16/2022     CHF    55.320
EFG International Financ   7.210   6/16/2022     USD    49.340
Raiffeisen Schweiz Genos  12.000   06/01/2022    CHF    61.820
Vontobel Financial Produ  26.350   06/06/2022    EUR    56.910
Zurcher Kantonalbank Fin   9.800   6/17/2022     USD    59.700
Vontobel Financial Produ  20.000   6/24/2022     EUR    56.240
UBS AG/London              8.000  12/16/2022     CHF    74.150
Vontobel Financial Produ  16.500   6/24/2022     EUR    31.320
Vontobel Financial Produ  14.500   6/24/2022     EUR    73.670
Vontobel Financial Produ  13.500   6/24/2022     EUR    62.000
Vontobel Financial Produ  18.000   6/24/2022     EUR    72.990
Leonteq Securities AG/Gu  23.690   06/03/2022    CHF    32.880
Erste Group Bank AG        6.500   6/30/2022     EUR    64.400
Landesbank Baden-Wuertte   4.000   7/25/2025     EUR    52.280
Landesbank Baden-Wuertte   2.750   3/25/2022     EUR    62.470
UniCredit Bank AG          4.450  12/29/2022     EUR    38.850
EFG International Financ  14.000  11/21/2022     CHF    30.900
Zurcher Kantonalbank Fin  19.000   6/30/2022     USD    55.350
Zurcher Kantonalbank Fin  18.000   6/30/2022     CHF    55.020
Bank Vontobel AG          14.000  12/19/2022     CHF    38.700
Bank Vontobel AG          12.500   9/19/2022     CHF    59.500
Bank Vontobel AG          13.002   9/19/2022     CHF    23.800
Luzerner Kantonalbank AG  10.120  12/23/2022     CHF    49.920
Basler Kantonalbank        9.000  12/23/2022     CHF    66.670
UBS AG/London             11.750  11/28/2022     CHF    51.100
EFG International Financ  17.000   6/23/2022     CHF    50.730
UBS AG/London              8.500  11/28/2022     EUR    74.200
EFG International Financ  16.000   6/23/2022     USD    69.420
UBS AG/London              8.000   6/23/2022     USD    59.150
Bank Julius Baer & Co Lt  15.000   08/04/2022    CHF    52.950
Vontobel Financial Produ   8.500   9/23/2022     EUR    62.450
Vontobel Financial Produ   5.500   9/23/2022     EUR    68.120
Zurcher Kantonalbank Fin  20.000   7/22/2022     USD    46.580
Leonteq Securities AG/Gu  28.120   08/04/2022    CHF    42.490
Raiffeisen Schweiz Genos  12.000   07/12/2022    CHF    65.020
Raiffeisen Schweiz Genos  10.000   10/12/2022    EUR    63.070
Landesbank Baden-Wuertte   6.000   3/25/2022     EUR    67.820
Societe Generale Effekte   4.750   3/25/2022     EUR    57.040
Bank Julius Baer & Co Lt   7.750   7/15/2022     USD    62.900
Vontobel Financial Produ  13.000   6/24/2022     EUR    71.060
Vontobel Financial Produ  11.500   6/24/2022     EUR    72.540
Leonteq Securities AG/Gu  24.610   7/15/2022     CHF    49.770
Societe Generale SA       16.000   8/30/2024     USD    37.140
Vontobel Financial Produ  13.000   9/23/2022     EUR    63.840
Vontobel Financial Produ  16.000   6/24/2022     EUR    52.100
Vontobel Financial Produ  18.500   6/24/2022     EUR    50.550
EFG International Financ   9.000   1/16/2023     CHF    55.840
BrokerCreditService Stru   3.000   2/28/2023     USD    60.000
Bank Vontobel AG          16.500   08/05/2022    CHF    68.200
Leonteq Securities AG/Gu  22.810   08/09/2022    CHF    41.000
UniCredit Bank AG          5.800   9/14/2022     EUR    60.290
UniCredit Bank AG          9.950   9/14/2022     EUR    67.780
EFG International Financ  21.000   09/02/2022    USD    49.630
Zurcher Kantonalbank Fin  11.250   8/26/2022     USD    66.900
Zurcher Kantonalbank Fin  15.000   8/24/2022     CHF    48.160
Bank Julius Baer & Co Lt   7.600   09/02/2022    USD    47.450
Zurcher Kantonalbank Fin  19.000   9/13/2022     USD    62.160
Zurcher Kantonalbank Fin  18.000   9/13/2022     CHF    62.020
Zurcher Kantonalbank Fin  26.000   9/13/2022     CHF    46.610
Vontobel Financial Produ  13.000   6/24/2022     EUR    68.660
Vontobel Financial Produ  17.000   9/23/2022     EUR    47.870
Vontobel Financial Produ  19.000   6/24/2022     EUR    46.220
Vontobel Financial Produ  10.500   6/24/2022     EUR    50.300
Vontobel Financial Produ  10.500   9/23/2022     EUR    50.320
Vontobel Financial Produ   6.500   9/23/2022     EUR    75.750
Raiffeisen Schweiz Genos  13.000   09/06/2022    CHF    52.580
Vontobel Financial Produ  13.000   6/24/2022     EUR    71.060
Vontobel Financial Produ  12.000   9/23/2022     EUR    71.760
DZ Bank AG Deutsche Zent  21.300   9/23/2022     EUR    61.930
DZ Bank AG Deutsche Zent  22.500   9/23/2022     EUR    56.040
DZ Bank AG Deutsche Zent  22.200   9/23/2022     EUR    57.390
Vontobel Financial Produ  11.500   6/24/2022     EUR    48.690
Vontobel Financial Produ  15.000   6/24/2022     EUR    46.410
Vontobel Financial Produ  13.650   03/08/2022    EUR    66.990
Vontobel Financial Produ  16.000   9/23/2022     EUR    64.340
Vontobel Financial Produ  12.000   9/23/2022     EUR    66.910
Vontobel Financial Produ  14.000   9/23/2022     EUR    65.530
Vontobel Financial Produ  17.000   9/23/2022     EUR    63.810
Leonteq Securities AG/Gu  10.000   12/01/2022    USD    50.570
Corner Banca SA           15.000   8/31/2022     EUR    52.320
Luzerner Kantonalbank AG   7.500   6/15/2022     CHF    63.260
Corner Banca SA           20.000   8/30/2022     USD    56.890
Leonteq Securities AG     10.000   2/27/2023     CHF    70.240
Vontobel Financial Produ   7.000   6/24/2022     EUR    73.320
Vontobel Financial Produ   9.500   6/24/2022     EUR    74.490
Vontobel Financial Produ   7.500   9/23/2022     EUR    68.210
Vontobel Financial Produ  15.500   9/23/2022     EUR    60.710
Vontobel Financial Produ  22.000   9/23/2022     EUR    64.540
Vontobel Financial Produ  17.000   9/23/2022     EUR    61.590
Vontobel Financial Produ  20.000   9/23/2022     EUR    63.360
Vontobel Financial Produ  19.500   6/24/2022     EUR    59.100
Societe Generale Effekte  18.750   3/25/2022     EUR    40.860
Landesbank Baden-Wuertte   5.200   8/25/2023     EUR    54.680
Landesbank Baden-Wuertte   4.800   8/25/2023     EUR    64.240
Landesbank Baden-Wuertte   6.100   8/25/2023     EUR    62.600
Leonteq Securities AG/Gu  22.520   07/06/2022    CHF    26.920
Leonteq Securities AG/Gu  20.000   07/06/2022    CHF    51.180
Vontobel Financial Produ  17.000   6/24/2022     EUR    67.210
Vontobel Financial Produ   8.000   6/24/2022     EUR    61.070
Vontobel Financial Produ   7.250   6/24/2022     EUR    69.800
Vontobel Financial Produ  16.450   6/24/2022     EUR    71.010
Vontobel Financial Produ  16.250   6/24/2022     EUR    63.800
Vontobel Financial Produ  15.000   6/24/2022     EUR    70.260
Vontobel Financial Produ  12.750   6/24/2022     EUR    64.450
Vontobel Financial Produ  18.000   6/24/2022     EUR    35.360
Vontobel Financial Produ   9.250   6/24/2022     EUR    61.240
Zurcher Kantonalbank Fin  11.000   7/15/2022     CHF    63.430
Bank Vontobel AG           9.250   01/04/2023    CHF    40.600
Leonteq Securities AG/Gu  14.000   9/14/2022     EUR    47.540
Leonteq Securities AG     10.000  12/14/2022     CHF    65.830
UniCredit Bank AG          3.800  12/29/2022     EUR    54.280
Zurcher Kantonalbank Fin  27.000   9/13/2022     USD    47.090
Vontobel Financial Produ  14.500   6/24/2022     EUR    67.860
Vontobel Financial Produ  15.500   6/24/2022     EUR    66.930
Bank Julius Baer & Co Lt   8.550   8/19/2022     USD    64.600
Bank Julius Baer & Co Lt   8.450   8/19/2022     USD    64.750
Vontobel Financial Produ  14.500   6/24/2022     EUR    47.910
Vontobel Financial Produ  14.000   9/23/2022     EUR    54.300
Zurcher Kantonalbank Fin  20.500   9/13/2022     CHF    42.540
Leonteq Securities AG/Gu  24.440   09/02/2022    CHF    48.260
Vontobel Financial Produ  15.000   6/24/2022     EUR    69.840
Raiffeisen Schweiz Genos  17.000   09/07/2022    USD    47.760
Raiffeisen Schweiz Genos  18.000   06/03/2022    CHF    47.150
DZ Bank AG Deutsche Zent  23.200   9/23/2022     EUR    60.650
DZ Bank AG Deutsche Zent  19.000   9/23/2022     EUR    58.860
DZ Bank AG Deutsche Zent  23.500   3/25/2022     EUR    54.770
UBS AG/London              8.150   8/31/2023     USD     8.628
Zurcher Kantonalbank Fin   9.500   8/26/2022     CHF    46.960
DZ Bank AG Deutsche Zent  23.100   6/24/2022     EUR    55.350
Vontobel Financial Produ  11.000   9/23/2022     EUR    48.870
Vontobel Financial Produ  17.000   9/23/2022     EUR    46.560
Vontobel Financial Produ  10.500   6/24/2022     EUR    68.110
Vontobel Financial Produ  13.000   6/24/2022     EUR    65.950
Vontobel Financial Produ  14.000   6/24/2022     EUR    64.870
Vontobel Financial Produ  11.000   9/23/2022     EUR    67.680
Vontobel Financial Produ  13.000   9/23/2022     EUR    66.200
Vontobel Financial Produ  18.000   6/24/2022     EUR    62.340
Leonteq Securities AG/Gu   9.000   03/07/2023    USD    57.130
Leonteq Securities AG     16.000   09/07/2022    CHF    66.660
Leonteq Securities AG/Gu  20.000   09/07/2022    USD    51.320
Societe Generale Effekte  17.000   5/27/2022     EUR    43.970
Vontobel Financial Produ  19.750   9/23/2022     EUR    56.660
Vontobel Financial Produ  16.250   9/23/2022     EUR    57.730
Vontobel Financial Produ   8.350   9/23/2022     EUR    65.450
Corner Banca SA           13.200   12/07/2022    CHF    49.590
EFG International Financ  12.000   03/08/2023    CHF    50.160
Societe Generale Effekte   9.750   9/23/2022     EUR    51.990
Societe Generale Effekte  11.750   9/23/2022     EUR    49.950
Societe Generale Effekte  13.750   9/23/2022     EUR    48.430
Vontobel Financial Produ   6.000   9/23/2022     EUR    66.240
Vontobel Financial Produ   4.500   9/23/2022     EUR    69.160
Vontobel Financial Produ   8.000   9/23/2022     EUR    63.940
Vontobel Financial Produ  16.500   9/23/2022     EUR    58.080
Vontobel Financial Produ   8.000   6/24/2022     EUR    63.520
Vontobel Financial Produ  12.000   9/23/2022     EUR    60.340
Vontobel Financial Produ  13.000   6/24/2022     EUR    58.890
Vontobel Financial Produ  16.000   6/24/2022     EUR    57.180
Leonteq Securities AG/Gu  16.000   8/30/2022     CHF    43.450
Vontobel Financial Produ  18.000   6/24/2022     EUR    69.370
Vontobel Financial Produ  15.500   9/23/2022     EUR    71.570
DZ Bank AG Deutsche Zent  11.250   7/20/2022     EUR    44.690
UniCredit Bank AG          7.650   7/18/2022     EUR    66.580
UniCredit Bank AG          7.650   7/18/2022     EUR    49.630
Vontobel Financial Produ  19.500   6/24/2022     EUR    36.090
Bank Vontobel AG          14.000   9/19/2022     CHF    45.300
Bank Vontobel AG           7.000   9/19/2022     CHF    62.000
UBS AG/London             10.250   5/30/2023     CHF    69.400
UBS AG/London              8.250   5/27/2022     CHF    55.600
UBS AG/London              9.750  12/23/2022     CHF    63.250
UBS AG/London             16.750  12/23/2022     CHF    55.950
Leonteq Securities AG     16.000   5/25/2022     CHF    22.600
Vontobel Financial Produ  14.000   6/24/2022     EUR    43.670
Vontobel Financial Produ   9.500   9/23/2022     EUR    71.170
Vontobel Financial Produ  12.000   9/23/2022     EUR    68.430
Vontobel Financial Produ  16.000   6/24/2022     EUR    64.900
Vontobel Financial Produ  15.000   9/23/2022     EUR    66.440
Vontobel Financial Produ   4.000   9/23/2022     EUR    67.930
Vontobel Financial Produ   6.000   9/23/2022     EUR    61.800
Zurcher Kantonalbank Fin  19.000   08/10/2022    CHF    68.980
EFG International Financ   9.430   7/19/2022     USD    68.160
EFG International Financ  10.320   7/19/2022     USD    68.310
Vontobel Financial Produ   8.000   6/24/2022     EUR    62.080
Vontobel Financial Produ  12.500   6/24/2022     EUR    56.510
Vontobel Financial Produ  10.500   6/24/2022     EUR    59.160
Vontobel Financial Produ  15.000   6/24/2022     EUR    54.400
Vontobel Financial Produ  13.000   6/24/2022     EUR    60.380
Vontobel Financial Produ  17.500   6/24/2022     EUR    52.610
Vontobel Financial Produ  11.000   6/24/2022     EUR    61.860
Leonteq Securities AG/Gu  22.130   07/08/2022    CHF    31.850
Corner Banca SA           10.000   10/12/2022    CHF    52.650
Leonteq Securities AG/Gu  10.000   07/06/2022    EUR    41.960
Leonteq Securities AG/Gu  12.000   01/12/2023    CHF    46.830
Bank Vontobel AG          10.000   07/12/2022    CHF    68.300
Bank Vontobel AG          10.000   01/10/2023    EUR    69.700
Landesbank Baden-Wuertte   3.100   7/22/2022     EUR    60.470
Landesbank Baden-Wuertte   8.750   7/22/2022     EUR    48.350
DZ Bank AG Deutsche Zent  23.900   3/25/2022     EUR    65.790
DZ Bank AG Deutsche Zent  20.500   6/24/2022     EUR    70.380
DZ Bank AG Deutsche Zent  22.500   6/24/2022     EUR    67.550
DZ Bank AG Deutsche Zent  24.200   3/25/2022     EUR    68.480
Landesbank Baden-Wuertte   6.250   7/22/2022     EUR    69.780
Societe Generale Effekte   3.000   6/24/2022     EUR    71.440
Societe Generale Effekte   3.000   3/25/2022     EUR    68.690
Societe Generale Effekte  10.750   6/24/2022     EUR    47.620
Societe Generale Effekte   6.250   7/22/2022     EUR    55.980
Societe Generale Effekte   8.250   7/22/2022     EUR    51.530
Societe Generale Effekte  10.250   7/22/2022     EUR    48.510
Vontobel Financial Produ   9.500   6/24/2022     EUR    51.530
Vontobel Financial Produ  15.750   6/24/2022     EUR    69.120
Landesbank Baden-Wuertte   3.150   7/22/2022     EUR    61.010
DZ Bank AG Deutsche Zent  17.500   6/24/2022     EUR    66.730
Vontobel Financial Produ  13.000   9/23/2022     EUR    57.150
Vontobel Financial Produ  18.000   9/23/2022     EUR    53.980
Vontobel Financial Produ  11.500   9/23/2022     EUR    60.490
Raiffeisen Schweiz Genos  12.000  10/13/2022     CHF    67.020
Leonteq Securities AG/Gu  21.420   7/27/2022     CHF    47.080
DZ Bank AG Deutsche Zent  19.700   6/24/2022     EUR    74.830
DZ Bank AG Deutsche Zent  23.300   3/25/2022     EUR    67.930
DZ Bank AG Deutsche Zent  16.100   3/25/2022     EUR    36.970
DZ Bank AG Deutsche Zent  10.300   3/25/2022     EUR    67.360
DZ Bank AG Deutsche Zent  16.200   3/25/2022     EUR    61.170
DZ Bank AG Deutsche Zent   8.900   6/24/2022     EUR    67.830
Landesbank Baden-Wuertte   3.300   1/27/2023     EUR    64.920
Landesbank Baden-Wuertte   7.200   1/27/2023     EUR    58.940
Landesbank Baden-Wuertte   5.400   1/27/2023     EUR    53.560
Landesbank Baden-Wuertte   4.200   1/27/2023     EUR    66.280
Landesbank Baden-Wuertte   6.600   1/27/2023     EUR    59.400
Leonteq Securities AG/Gu  10.750  10/28/2022     EUR    43.490
Landesbank Baden-Wuertte   4.000   8/22/2025     EUR    69.300
Raiffeisen Centrobank AG   7.500   09/01/2023    EUR    62.580
Bank Julius Baer & Co Lt   9.600   7/29/2022     USD    58.700
Vontobel Financial Produ  16.520   1/30/2023     EUR    69.720
Bank Vontobel AG          11.000   08/01/2022    EUR    61.500
Zurcher Kantonalbank Fin  10.500   06/02/2022    CHF    67.580
DZ Bank AG Deutsche Zent  17.200   6/24/2022     EUR    52.820
DZ Bank AG Deutsche Zent  16.700   3/25/2022     EUR    73.980
DZ Bank AG Deutsche Zent  18.400   6/24/2022     EUR    37.200
DZ Bank AG Deutsche Zent  13.300   6/24/2022     EUR    62.920
Zurcher Kantonalbank Fin  14.000   08/02/2022    CHF    68.690
UniCredit Bank AG         12.400   8/17/2022     EUR    59.620
UniCredit Bank AG          5.750   8/17/2022     EUR    66.490
Landesbank Baden-Wuertte   5.150   1/27/2023     EUR    61.700
Landesbank Baden-Wuertte   7.250   1/27/2023     EUR    51.530
Landesbank Baden-Wuertte   8.750   1/27/2023     EUR    56.110
Vontobel Financial Produ  14.000   4/26/2022     CHF    49.190
Raiffeisen Schweiz Genos  13.000   07/05/2022    CHF    69.240
Corner Banca SA           14.000   11/02/2022    CHF    41.400
Societe Generale Effekte   3.000   6/24/2022     EUR    66.110
DZ Bank AG Deutsche Zent   7.500  12/23/2022     EUR    68.510
DZ Bank AG Deutsche Zent  10.000  12/23/2022     EUR    64.610
DZ Bank AG Deutsche Zent   7.500   6/24/2022     EUR    70.450
DZ Bank AG Deutsche Zent  10.000   6/24/2022     EUR    65.310
Zurcher Kantonalbank Fin  29.250   08/09/2022    CHF    53.860
Leonteq Securities AG/Gu  10.000   07/12/2023    CHF    67.980
Vontobel Financial Produ   8.000   6/24/2022     EUR    65.640
Vontobel Financial Produ   9.500   6/24/2022     EUR    63.660
Vontobel Financial Produ  20.000   6/24/2022     EUR    51.060
Vontobel Financial Produ  14.500   6/24/2022     EUR    58.880
Landesbank Baden-Wuertte   3.300   5/27/2022     EUR    51.800
Vontobel Financial Produ   8.500   9/23/2022     EUR    63.850
Vontobel Financial Produ  15.000   9/23/2022     EUR    58.190
Vontobel Financial Produ  13.000   9/23/2022     EUR    70.130
Zurcher Kantonalbank Fin  19.000   7/22/2022     CHF    55.670
DZ Bank AG Deutsche Zent  20.800   3/25/2022     EUR    68.820
DZ Bank AG Deutsche Zent  16.400   6/24/2022     EUR    71.870
EFG International Financ  10.030   7/26/2022     USD    56.120
Zurcher Kantonalbank Fin   8.500   08/11/2022    CHF    70.240
Raiffeisen Schweiz Genos  18.520   7/13/2022     CHF    46.250
Basler Kantonalbank       12.000  10/14/2022     CHF    72.160
Leonteq Securities AG/Gu   6.200   5/20/2022     EUR    71.300
Societe Generale Effekte   5.750   5/27/2022     EUR    70.640
Societe Generale Effekte  11.750   5/27/2022     EUR    55.210
Societe Generale Effekte  15.750   5/27/2022     EUR    49.770
Leonteq Securities AG/Gu  22.860   8/24/2022     CHF    68.090
Zurcher Kantonalbank Fin  13.750   09/01/2022    CHF    44.680
EFG International Financ  12.000   03/01/2023    CHF    51.650
EFG International Financ  13.000   8/25/2022     CHF    58.850
UniCredit Bank AG          7.450  11/18/2024     EUR    62.810
Vontobel Financial Produ  16.750   6/24/2022     EUR    67.440
Leonteq Securities AG     24.480  10/14/2022     CHF    56.950
Landesbank Baden-Wuertte   4.000  10/28/2022     EUR    75.240
DZ Bank AG Deutsche Zent  15.000  10/26/2022     EUR    50.530
EFG International Financ  14.000   8/25/2022     USD    51.780
Vontobel Financial Produ  12.000   9/27/2022     EUR    46.870
Landesbank Baden-Wuertte   9.000  10/28/2022     EUR    68.680
Landesbank Baden-Wuertte   6.500  10/28/2022     EUR    71.770
Vontobel Financial Produ  18.000   9/23/2022     EUR    62.920
Vontobel Financial Produ  14.000   9/23/2022     EUR    60.940
Leonteq Securities AG/Gu  10.000  12/13/2022     USD    51.960
Vontobel Financial Produ   9.500   9/23/2022     EUR    65.460
Vontobel Financial Produ  20.500   9/23/2022     EUR    48.040
Vontobel Financial Produ   8.000   9/23/2022     EUR    64.580
Vontobel Financial Produ  14.000   6/24/2022     EUR    70.690
Vontobel Financial Produ  18.500   6/24/2022     EUR    50.330
Leonteq Securities AG/Gu  25.020   8/23/2022     CHF    48.640
Societe Generale Effekte  15.250   8/26/2022     EUR    44.000
Landesbank Baden-Wuertte   2.300   6/24/2022     EUR    59.610
Societe Generale Effekte  20.500   3/25/2022     EUR    38.060
Landesbank Baden-Wuertte   4.000   5/27/2022     EUR    49.860
Landesbank Baden-Wuertte   3.300   5/27/2022     EUR    59.720
Goldman Sachs & Co Wertp  22.000   7/20/2022     EUR    72.470
Leonteq Securities AG/Gu  23.000   09/09/2022    CHF    60.010
UniCredit Bank AG         10.300   9/27/2024     EUR    69.880
Zurcher Kantonalbank Fin  26.500   8/31/2022     CHF    51.720
Corner Banca SA           14.600  12/13/2022     CHF    50.490
Leonteq Securities AG     15.000   9/13/2022     CHF    44.970
Corner Banca SA           17.000  12/13/2022     USD    61.650
Corner Banca SA           20.000   9/13/2022     CHF    54.150
Leonteq Securities AG     10.000   03/10/2023    CHF    52.590
Vontobel Financial Produ  11.250   9/23/2022     EUR    66.270
Leonteq Securities AG/Gu  18.000   9/13/2022     USD    49.020
Vontobel Financial Produ  19.000   6/24/2022     EUR    53.050
Vontobel Financial Produ  14.750   6/24/2022     EUR    46.340
DekaBank Deutsche Giroze   2.800   05/02/2022    EUR    56.650
Bank Julius Baer & Co Lt  10.500   2/24/2023     USD    48.100
Leonteq Securities AG/Gu  22.200   10/04/2022    CHF    48.210
Leonteq Securities AG/Gu  25.200   10/04/2022    CHF    68.450
Vontobel Financial Produ  21.250   9/23/2022     EUR    60.270
Landesbank Baden-Wuertte   3.100   6/24/2022     EUR    70.530
Landesbank Baden-Wuertte   6.400   5/27/2022     EUR    51.880
Landesbank Baden-Wuertte   8.500   5/27/2022     EUR    49.200
Landesbank Baden-Wuertte   7.700   5/27/2022     EUR    68.790
Landesbank Baden-Wuertte   2.050   6/24/2022     EUR    73.540
Landesbank Baden-Wuertte   6.700   5/27/2022     EUR    44.240
Leonteq Securities AG     14.200   09/01/2022    CHF    65.650
Landesbank Baden-Wuertte   4.350   6/24/2022     EUR    67.850
Landesbank Baden-Wuertte   4.550   5/27/2022     EUR    55.100
Danske Bank A/S           10.300   07/09/2023    SEK    11.600
Leonteq Securities AG/Gu  25.030   2/25/2022     USD    30.500
Raiffeisen Switzerland B   4.800  11/23/2023     CHF    68.590
DekaBank Deutsche Giroze   2.600  10/24/2023     EUR    67.130
Vontobel Financial Produ  10.000   6/24/2022     EUR    67.970
Vontobel Financial Produ   9.000   3/25/2022     EUR    69.590
Vontobel Financial Produ  15.000   6/24/2022     EUR    62.580
Vontobel Financial Produ  18.500   3/25/2022     EUR    59.000
Raiffeisen Schweiz Genos   5.000   04/05/2022    CHF    74.710
Zurcher Kantonalbank Fin  17.000   06/07/2022    USD    55.340
Landesbank Baden-Wuertte   3.000  12/23/2022     EUR    68.190
Societe Generale Effekte  13.750   5/27/2022     EUR    52.200
EFG International Financ   6.300   5/26/2023     USD    57.470
DZ Bank AG Deutsche Zent  22.200   3/25/2022     EUR    70.900
DZ Bank AG Deutsche Zent  22.000   6/24/2022     EUR    64.540
DZ Bank AG Deutsche Zent  12.000   3/23/2022     EUR    69.410
Raiffeisen Schweiz Genos  12.500   7/26/2022     CHF    54.850
Raiffeisen Schweiz Genos  14.000   7/26/2022     CHF    57.120
Raiffeisen Schweiz Genos   9.500   1/26/2023     CHF    64.310
Bank Julius Baer & Co Lt  10.800   5/25/2022     USD    43.950
Zurcher Kantonalbank Fin  24.500   06/02/2022    CHF    70.810
Vontobel Financial Produ   8.500   5/25/2022     USD    57.260
Credit Suisse AG/London   15.750   11/10/2022    CHF    49.180
Leonteq Securities AG     12.000   1/18/2023     CHF    58.040
Leonteq Securities AG/Gu  11.000  10/18/2022     CHF    49.700
Vontobel Financial Produ  17.850   04/05/2022    EUR    61.930
DZ Bank AG Deutsche Zent  13.300   9/23/2022     EUR    71.680
Leonteq Securities AG     25.680   9/23/2022     CHF    49.320
Leonteq Securities AG     20.880   9/23/2022     CHF    46.050
Vontobel Financial Produ  11.000   9/23/2022     EUR    68.220
Vontobel Financial Produ   7.500   9/23/2022     EUR    65.600
Vontobel Financial Produ  12.500   9/23/2022     EUR    61.150
Vontobel Financial Produ  15.500   9/23/2022     EUR    59.800
Vontobel Financial Produ  17.500   9/23/2022     EUR    59.090
Vontobel Financial Produ   8.500   9/23/2022     EUR    64.840
Societe Generale Effekte  10.500  10/28/2022     EUR    50.580
Societe Generale Effekte  12.500  10/28/2022     EUR    48.440
Societe Generale Effekte  14.500  10/28/2022     EUR    46.960
Societe Generale Effekte  16.250   9/23/2022     EUR    64.090
Vontobel Financial Produ  16.500   9/23/2022     EUR    71.910
Leonteq Securities AG     15.000   11/08/2022    CHF    54.350
Leonteq Securities AG/Gu  13.000   11/08/2022    CHF    54.720
UniCredit Bank AG          7.400   12/07/2022    EUR    68.180
UBS AG/London             26.750  11/18/2022     USD    69.050
Vontobel Financial Produ  10.500  12/23/2022     EUR    69.180
Vontobel Financial Produ  10.500   9/23/2022     EUR    66.970
Credit Suisse AG/London    9.250   11/10/2022    CHF    52.420
Credit Suisse AG/London   17.000   11/10/2022    USD    49.320
Credit Suisse AG/London    8.000   2/13/2023     CHF    71.860
Leonteq Securities AG/Gu  11.360  11/30/2022     USD    62.280
UniCredit Bank AG         11.700  12/15/2022     EUR    71.700
Raiffeisen Schweiz Genos  10.000  11/15/2022     CHF    69.310
UBS AG/London              6.750   5/18/2023     USD    67.700
Vontobel Financial Produ  17.000  12/23/2022     EUR    67.540
Societe Generale Effekte   5.750  10/28/2022     EUR    65.030
Goldman Sachs & Co Wertp  22.000   5/25/2022     EUR    71.860
Goldman Sachs & Co Wertp  19.000   7/20/2022     EUR    73.980
Leonteq Securities AG/Gu  22.000   09/09/2022    CHF    43.340
Vontobel Financial Produ  17.850   03/10/2022    USD    62.280
Zurcher Kantonalbank Fin  27.500   8/31/2022     USD    51.610
Raiffeisen Schweiz Genos  14.000   2/20/2023     CHF    50.510
Leonteq Securities AG     11.000   2/23/2023     CHF    45.510
DZ Bank AG Deutsche Zent   9.750   9/21/2022     EUR    49.480
DZ Bank AG Deutsche Zent  14.500   9/21/2022     EUR    46.750
Goldman Sachs & Co Wertp  23.000   6/22/2022     EUR    71.110
Goldman Sachs & Co Wertp  20.000   8/24/2022     EUR    73.550
Goldman Sachs & Co Wertp  19.000   9/21/2022     EUR    74.470
Societe Generale Effekte  16.750   6/24/2022     EUR    41.880
Societe Generale Effekte  16.000   7/22/2022     EUR    42.780
Vontobel Financial Produ  17.000   9/23/2022     EUR    69.290
Bank Julius Baer & Co Lt  14.580   09/09/2022    USD    41.650
Citigroup Global Markets   8.200   3/21/2024     SEK    67.390
Leonteq Securities AG/Gu  26.200   09/07/2022    CHF    50.200
Leonteq Securities AG/Gu  24.800   09/07/2022    CHF    53.150
Leonteq Securities AG     15.000  11/23/2022     CHF    48.880
DZ Bank AG Deutsche Zent  14.500   9/21/2022     EUR    73.380
Leonteq Securities AG/Gu  13.000   8/23/2022     CHF    49.420
Leonteq Securities AG/Gu   8.000   8/23/2023     CHF    55.260
Bank Julius Baer & Co Lt  14.500   02/10/2023    CHF    54.300
Leonteq Securities AG/Gu  20.000   08/10/2022    CHF    59.570
Leonteq Securities AG/Gu  22.310   08/10/2022    USD    32.540
DZ Bank AG Deutsche Zent  17.600   3/25/2022     EUR    66.410
DZ Bank AG Deutsche Zent  16.300   9/23/2022     EUR    68.990
DZ Bank AG Deutsche Zent  21.100   9/23/2022     EUR    64.250
DZ Bank AG Deutsche Zent  21.800   9/23/2022     EUR    65.800
DZ Bank AG Deutsche Zent  22.900   6/24/2022     EUR    60.070
DZ Bank AG Deutsche Zent  16.400   9/23/2022     EUR    67.200
DZ Bank AG Deutsche Zent  18.000   9/23/2022     EUR    65.150
DZ Bank AG Deutsche Zent  21.300   9/23/2022     EUR    61.470
DZ Bank AG Deutsche Zent  23.000   9/23/2022     EUR    60.160
DZ Bank AG Deutsche Zent  12.700   9/23/2022     EUR    68.920
DZ Bank AG Deutsche Zent  14.500   9/23/2022     EUR    67.190
DZ Bank AG Deutsche Zent  24.300   3/25/2022     EUR    57.980
DZ Bank AG Deutsche Zent  15.500  12/21/2022     EUR    63.540
Leonteq Securities AG/Gu  20.000   8/23/2022     USD    34.240
Bank Vontobel AG          15.000   2/20/2023     CHF    53.500
Goldman Sachs & Co Wertp  23.000   4/21/2022     EUR    70.770
Goldman Sachs & Co Wertp  18.000   5/25/2022     EUR    73.840
Vontobel Financial Produ  12.000   3/25/2022     EUR    65.570
Vontobel Financial Produ  12.500   6/24/2022     EUR    65.070
UniCredit Bank AG          4.000  11/21/2022     EUR    63.390
Goldman Sachs & Co Wertp  21.000   3/23/2022     EUR    71.820
Zurcher Kantonalbank Fin   8.000   07/01/2022    CHF    66.580
Zurcher Kantonalbank Fin  18.000   07/01/2022    USD    68.010
Societe Generale Effekte  12.000   7/22/2022     EUR    51.230
Societe Generale Effekte  14.000   7/22/2022     EUR    49.130
Vontobel Financial Produ  12.250   6/24/2022     EUR    71.870
Societe Generale Effekte   4.000   7/22/2022     EUR    69.760
Societe Generale Effekte   6.000   7/22/2022     EUR    62.820
Societe Generale Effekte   8.000   7/22/2022     EUR    57.690
Societe Generale Effekte  10.000   7/22/2022     EUR    53.970
Vontobel Financial Produ   9.500   6/24/2022     EUR    48.780
Vontobel Financial Produ  12.000   6/24/2022     EUR    68.730
Vontobel Financial Produ  14.000   6/24/2022     EUR    56.700
Vontobel Financial Produ  18.500   6/24/2022     EUR    54.110
Vontobel Financial Produ  10.500   6/24/2022     EUR    60.380
Vontobel Financial Produ   7.000   6/24/2022     EUR    64.910
Vontobel Financial Produ  20.000   6/24/2022     EUR    64.420
Leonteq Securities AG     16.000   6/28/2022     CHF    44.900
Leonteq Securities AG     18.000   9/28/2022     CHF    65.450
Corner Banca SA           14.000   9/28/2022     CHF    68.370
Leonteq Securities AG     17.000   6/28/2022     CHF    36.160
Leonteq Securities AG     14.000  12/28/2022     CHF    51.570
Raiffeisen Schweiz Genos  12.000  12/28/2022     CHF    70.780
Leonteq Securities AG/Gu  12.000   6/28/2022     CHF    32.020
Leonteq Securities AG/Gu  22.560   6/24/2022     CHF    36.460
Leonteq Securities AG/Gu  17.000   6/28/2022     USD    61.180
Leonteq Securities AG/Gu  26.030   6/24/2022     CHF    37.390
Raiffeisen Schweiz Genos  13.000   6/29/2022     CHF    67.110
Raiffeisen Schweiz Genos  10.000   6/29/2022     CHF    64.760
Raiffeisen Schweiz Genos  20.000   6/29/2022     CHF    45.500
Raiffeisen Schweiz Genos  11.000   6/29/2022     CHF    62.770
DZ Bank AG Deutsche Zent   8.500   9/21/2022     EUR    71.520
Vontobel Financial Produ   9.400  12/30/2022     CHF    41.000
Erste Group Bank AG        4.500   08/02/2025    EUR    72.100
Erste Group Bank AG        5.500   08/02/2025    EUR    63.400
Leonteq Securities AG/Gu  20.000   6/29/2022     CHF    50.970
Leonteq Securities AG/Gu  24.020   6/29/2022     CHF    52.790
UniCredit Bank AG         10.100   7/27/2022     EUR    63.010
UniCredit Bank AG          9.800   7/27/2022     EUR    52.780
UniCredit Bank AG          9.250   7/27/2022     EUR    67.420
Zurcher Kantonalbank Fin  15.750   07/08/2022    USD    46.270
Bank Vontobel AG           7.000  12/27/2022     CHF    60.000
Zurcher Kantonalbank Fin  10.400   07/08/2022    CHF    65.660
Landesbank Baden-Wuertte   4.150   6/23/2023     EUR    54.560
Landesbank Baden-Wuertte   2.800   6/23/2023     EUR    56.700
Landesbank Baden-Wuertte   3.800   6/23/2023     EUR    51.590
Landesbank Baden-Wuertte   2.600   6/23/2023     EUR    54.430
Landesbank Baden-Wuertte   4.500   6/23/2023     EUR    72.890
Landesbank Baden-Wuertte   3.350   6/23/2023     EUR    74.840
Landesbank Baden-Wuertte   5.000   6/23/2023     EUR    49.660
Landesbank Baden-Wuertte   7.250   6/23/2023     EUR    72.630
Landesbank Baden-Wuertte   5.600   6/23/2023     EUR    74.590
Leonteq Securities AG/Gu   8.410   4/21/2022     EUR    53.190
Bank Julius Baer & Co Lt   9.300   01/09/2023    USD    70.650
Bank Julius Baer & Co Lt   9.250   10/07/2022    USD    51.200
Leonteq Securities AG/Gu  24.600   10/07/2022    CHF    48.790
Leonteq Securities AG/Gu  26.400   10/07/2022    CHF    52.650
Societe Generale Effekte   7.000   6/24/2022     EUR    67.190
Societe Generale Effekte  17.000   6/24/2022     EUR    50.480
Societe Generale Effekte   8.250   7/22/2022     EUR    62.730
Societe Generale Effekte  12.500   9/23/2022     EUR    55.150
Societe Generale Effekte  14.500   9/23/2022     EUR    53.280
Societe Generale Effekte   9.500  10/28/2022     EUR    59.250
Societe Generale Effekte  18.250   5/27/2022     EUR    49.110
Vontobel Financial Produ  13.250   9/23/2022     EUR    72.850
Leonteq Securities AG/Gu  12.000   10/11/2022    CHF    51.010
Vontobel Financial Produ  11.750   9/23/2022     EUR    67.340
Leonteq Securities AG     11.000   01/11/2023    CHF    54.550
Leonteq Securities AG/Gu  17.000   01/12/2023    USD    70.340
Leonteq Securities AG/Gu  18.000   10/12/2022    USD    52.670
Raiffeisen Schweiz Genos  18.000   10/12/2022    CHF    55.500
Leonteq Securities AG     22.440   10/11/2022    CHF    47.350
UniCredit Bank AG          7.400   11/09/2022    EUR    69.390
UniCredit Bank AG         11.900   11/09/2022    EUR    51.710
DZ Bank AG Deutsche Zent  22.900   9/23/2022     EUR    68.980
DZ Bank AG Deutsche Zent  20.000   6/24/2022     EUR    48.190
DZ Bank AG Deutsche Zent  16.400   9/23/2022     EUR    50.660
Societe Generale Effekte  10.750   5/27/2022     EUR    60.850
Societe Generale Effekte  20.750   5/27/2022     EUR    50.910
Societe Generale Effekte   9.500   6/24/2022     EUR    63.540
Societe Generale Effekte  11.500   6/24/2022     EUR    59.890
Societe Generale Effekte  13.500   6/24/2022     EUR    57.160
Societe Generale Effekte  15.500   6/24/2022     EUR    55.070
Societe Generale Effekte  19.500   6/24/2022     EUR    52.120
Societe Generale Effekte  10.750   7/22/2022     EUR    61.300
Societe Generale Effekte  12.750   7/22/2022     EUR    58.350
Societe Generale Effekte  14.750   7/22/2022     EUR    56.130
Societe Generale Effekte  16.750   7/22/2022     EUR    54.350
Societe Generale Effekte  18.750   7/22/2022     EUR    52.980
Societe Generale Effekte   9.750   8/26/2022     EUR    63.100
Societe Generale Effekte  11.750   8/26/2022     EUR    59.960
Societe Generale Effekte  13.750   8/26/2022     EUR    57.510
Societe Generale Effekte  15.750   8/26/2022     EUR    55.620
Societe Generale Effekte  17.750   8/26/2022     EUR    54.180
Societe Generale Effekte   9.000   9/23/2022     EUR    64.330
Societe Generale Effekte  11.000   9/23/2022     EUR    60.980
Societe Generale Effekte  17.000   9/23/2022     EUR    55.000
Societe Generale Effekte   8.000  10/28/2022     EUR    65.960
EFG International Financ  14.000  10/13/2022     CHF    53.530
Vontobel Financial Produ  11.500   9/23/2022     EUR    64.210
Vontobel Financial Produ  14.000   9/23/2022     EUR    62.240
Vontobel Financial Produ  16.500   9/23/2022     EUR    60.620
Vontobel Financial Produ  19.500   9/23/2022     EUR    59.610
Vontobel Financial Produ   9.000   9/23/2022     EUR    66.560
Raiffeisen Schweiz Genos  16.200   9/14/2022     CHF    46.070
Raiffeisen Schweiz Genos   9.000   03/10/2023    USD    64.520
Raiffeisen Switzerland B  10.000   03/10/2023    EUR    45.500
DZ Bank AG Deutsche Zent  15.750   9/21/2022     EUR    62.290
Bank Julius Baer & Co Lt   6.000   9/14/2022     CHF    66.900
Bank Julius Baer & Co Lt  13.500   9/14/2022     CHF    50.050
Leonteq Securities AG     24.040   9/14/2022     CHF    68.570
Leonteq Securities AG     20.410   9/14/2022     CHF    41.340
DZ Bank AG Deutsche Zent  12.100   6/24/2022     EUR    64.400
DZ Bank AG Deutsche Zent  10.600   9/23/2022     EUR    66.300
DZ Bank AG Deutsche Zent  16.600   6/24/2022     EUR    68.030
DZ Bank AG Deutsche Zent  19.600   6/24/2022     EUR    65.490
DZ Bank AG Deutsche Zent  16.200   9/23/2022     EUR    68.460
DZ Bank AG Deutsche Zent  16.800   9/23/2022     EUR    56.420
DZ Bank AG Deutsche Zent  22.000   6/24/2022     EUR    66.680
DZ Bank AG Deutsche Zent  21.000   9/23/2022     EUR    67.840
DZ Bank AG Deutsche Zent  19.200   9/23/2022     EUR    73.330
DZ Bank AG Deutsche Zent  14.900   6/24/2022     EUR    66.790
DZ Bank AG Deutsche Zent  13.200   9/23/2022     EUR    69.170
DZ Bank AG Deutsche Zent  17.100   6/24/2022     EUR    57.860
DZ Bank AG Deutsche Zent  15.400   9/23/2022     EUR    61.060
DZ Bank AG Deutsche Zent  21.100   9/23/2022     EUR    56.860
DZ Bank AG Deutsche Zent  21.000   6/24/2022     EUR    69.320
DZ Bank AG Deutsche Zent  19.000   9/23/2022     EUR    67.930
DZ Bank AG Deutsche Zent  23.600   9/23/2022     EUR    63.680
Leonteq Securities AG     24.360   9/13/2022     CHF    48.000
EFG International Financ  22.000   9/15/2022     CHF    52.290
Vontobel Financial Produ  13.000   6/24/2022     EUR    61.840
Vontobel Financial Produ  16.000   6/24/2022     EUR    59.320
Vontobel Financial Produ  14.500   6/24/2022     EUR    60.540
Vontobel Financial Produ  19.500   6/24/2022     EUR    57.370
Vontobel Financial Produ  18.000   6/24/2022     EUR    58.400
Vontobel Financial Produ   9.500   6/24/2022     EUR    68.830
Vontobel Financial Produ  13.500   6/24/2022     EUR    65.020
Vontobel Financial Produ  11.500   6/24/2022     EUR    66.830
Vontobel Financial Produ  17.000   6/24/2022     EUR    62.800
Vontobel Financial Produ  12.500   6/24/2022     EUR    65.900
Vontobel Financial Produ   8.500   6/24/2022     EUR    69.900
Vontobel Financial Produ  19.500   6/24/2022     EUR    61.570
Vontobel Financial Produ  14.500   6/24/2022     EUR    64.180
Vontobel Financial Produ  16.000   6/24/2022     EUR    63.560
Vontobel Financial Produ  10.500   6/24/2022     EUR    67.810
Vontobel Financial Produ  18.000   6/24/2022     EUR    62.080
Vontobel Financial Produ  11.500   6/24/2022     EUR    63.250
EFG International Financ  17.000   9/15/2022     EUR    45.720
EFG International Financ  15.000   9/15/2022     USD    55.250
EFG International Financ  22.900   6/15/2022     CHF    41.960
Bank Julius Baer & Co Lt   8.050  12/16/2022     USD    60.550
Landesbank Baden-Wuertte   9.300   9/23/2022     EUR    66.510
Landesbank Baden-Wuertte   6.000   3/25/2022     EUR    65.100
Landesbank Baden-Wuertte  11.000   3/25/2022     EUR    57.300
Landesbank Baden-Wuertte   2.850   9/23/2022     EUR    66.100
Landesbank Baden-Wuertte   4.700   9/23/2022     EUR    62.560
Landesbank Baden-Wuertte   6.800   9/23/2022     EUR    59.640
Landesbank Baden-Wuertte   4.000   9/23/2022     EUR    72.670
Landesbank Baden-Wuertte   5.800   9/23/2022     EUR    66.240
Landesbank Baden-Wuertte   9.000   9/23/2022     EUR    60.980
Societe Generale Effekte  18.250   6/24/2022     EUR    60.490
Societe Generale Effekte  18.000   5/27/2022     EUR    40.160
Vontobel Financial Produ  19.000   9/23/2022     EUR    43.940
Vontobel Financial Produ  17.000   9/23/2022     EUR    59.040
UBS AG/London             19.750   4/21/2022     USD    36.600
Russian Post FGUP          2.750   12/06/2023    RUB    70.000
Leonteq Securities AG/Gu  24.120  12/28/2022     CHF    57.580
Corner Banca SA           18.000   01/03/2023    USD    70.110
Raiffeisen Switzerland B  20.000  12/30/2022     CHF    71.240
Bank Vontobel AG          14.000   3/30/2023     EUR    58.600
Raiffeisen Switzerland B  20.000   01/06/2023    CHF    73.060
Societe Generale Effekte  23.750   7/22/2022     EUR    56.640
Societe Generale Effekte  21.750   8/26/2022     EUR    57.540
Societe Generale Effekte  20.500   9/23/2022     EUR    58.140
Leonteq Securities AG/Gu  15.000   2/24/2023     USD    69.370
Leonteq Securities AG/Gu  14.000   2/23/2023     CHF    68.180
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    53.360
BNP Paribas Emissions- u  12.000   9/22/2022     EUR    51.330
BNP Paribas Emissions- u  14.000   9/22/2022     EUR    50.610
BNP Paribas Emissions- u  16.000   9/22/2022     EUR    50.010
BNP Paribas Emissions- u  18.000   9/22/2022     EUR    49.540
BNP Paribas Emissions- u  20.000   9/22/2022     EUR    49.190
BNP Paribas Emissions- u   8.000  12/22/2022     EUR    54.570
BNP Paribas Emissions- u  10.000  12/22/2022     EUR    56.230
BNP Paribas Emissions- u  10.000  12/22/2022     EUR    54.170
BNP Paribas Emissions- u  12.000  12/22/2022     EUR    53.910
BNP Paribas Emissions- u  12.000  12/22/2022     EUR    52.120
BNP Paribas Emissions- u  14.000  12/22/2022     EUR    52.100
BNP Paribas Emissions- u  16.000  12/22/2022     EUR    52.190
BNP Paribas Emissions- u  16.000  12/22/2022     EUR    50.660
BNP Paribas Emissions- u  18.000  12/22/2022     EUR    52.310
BNP Paribas Emissions- u  18.000  12/22/2022     EUR    51.020
Credit Suisse AG/London    9.000  11/21/2022     USD    58.570
Vontobel Financial Produ  18.750  12/23/2022     EUR    68.590
Vontobel Financial Produ  13.000  12/23/2022     EUR    61.310
Vontobel Financial Produ  18.750  12/23/2022     EUR    58.330
Vontobel Financial Produ  18.000  12/23/2022     EUR    63.540
Leonteq Securities AG/Gu  20.000   12/02/2022    CHF    65.070
Leonteq Securities AG/Gu  16.400   12/02/2022    CHF    62.990
DekaBank Deutsche Giroze   8.100   8/26/2022     EUR    59.760
Leonteq Securities AG/Gu  11.210   06/06/2023    CHF    61.480
Corner Banca SA           12.600   12/06/2022    CHF    61.630
Leonteq Securities AG     17.100   12/06/2022    CHF    51.910
Leonteq Securities AG/Gu  15.800   12/06/2022    USD    56.050
Leonteq Securities AG/Gu   8.000   12/06/2022    CHF    64.940
Leonteq Securities AG/Gu  12.000   12/06/2022    CHF    49.690
Bank Vontobel AG          14.001   04/01/2022    CHF    36.500
DekaBank Deutsche Giroze   3.750   11/04/2022    EUR    51.150
Alteo Nyrt                 2.450   10/08/2031    HUF    67.800
Bank Julius Baer & Co Lt   8.000   10/07/2022    USD    59.950
Zurcher Kantonalbank Fin  11.250  10/20/2022     USD    45.950
UBS AG/London             14.500  10/17/2022     USD    41.250
UBS AG/London             13.500   4/14/2022     CHF    44.000
UBS AG/London              9.250  10/21/2022     CHF    57.800
Nordea Bank Abp            5.813   7/20/2024     SEK    72.140
Landesbank Baden-Wuertte   3.600   6/23/2023     EUR    61.720
Corner Banca SA           14.000   2/22/2023     USD    69.290
Leonteq Securities AG/Gu  11.000   2/22/2023     USD    60.640
Leonteq Securities AG/Gu  11.000  11/22/2022     CHF    54.760
Zurcher Kantonalbank Fin   7.500   11/11/2022    CHF    72.440
Zurcher Kantonalbank Fin  20.000  11/15/2022     USD    55.240
Zurcher Kantonalbank Fin  19.000  11/15/2022     CHF    54.930
Zurcher Kantonalbank Fin   6.400  11/16/2022     USD    68.500
Bank Vontobel AG           6.500   2/20/2023     CHF    51.600
Bank Vontobel AG          21.750   5/26/2023     CHF    66.800
Bank Vontobel AG          12.500   2/27/2023     CHF    57.800
Bank Vontobel AG          18.250   5/26/2023     EUR    53.500
Bank Vontobel AG          12.000  11/28/2022     CHF    63.500
Credit Suisse AG/London   13.500  11/28/2022     CHF    57.880
Credit Suisse AG/London   15.000  11/29/2022     USD    57.690
Bank Vontobel AG           9.000   2/21/2023     CHF    66.900
Bank Vontobel AG          12.250  11/28/2022     CHF    61.900
Raiffeisen Switzerland B  19.000   12/06/2022    CHF    58.370
Leonteq Securities AG/Gu  22.200   12/07/2022    CHF    60.000
DZ Bank AG Deutsche Zent  16.700  12/23/2022     EUR    62.360
Societe Generale Effekte  20.500  12/23/2022     EUR    71.870
DZ Bank AG Deutsche Zent  10.500   5/25/2022     EUR    46.000
DZ Bank AG Deutsche Zent  11.500   6/22/2022     EUR    74.620
DZ Bank AG Deutsche Zent  10.000  12/23/2022     EUR    61.040
Zurcher Kantonalbank Fin  21.500  12/20/2022     CHF    65.180
Zurcher Kantonalbank Fin  22.500  12/20/2022     USD    65.110
Corner Banca SA           14.000   3/27/2023     CHF    67.570
Credit Suisse AG/London   20.000  12/21/2022     USD    58.810
Bank Vontobel AG          20.000  12/27/2022     CHF    67.400
Bank Vontobel AG           9.500  12/27/2023     CHF    63.500
Bank Vontobel AG          18.750  12/27/2022     CHF    66.700
Raiffeisen Schweiz Genos  17.500  12/27/2022     CHF    61.500
Raiffeisen Switzerland B  15.000  12/27/2022     CHF    62.340
DZ Bank AG Deutsche Zent  12.250   6/22/2022     EUR    49.670
DZ Bank AG Deutsche Zent  14.750  12/21/2022     EUR    61.700
DZ Bank AG Deutsche Zent  13.000   3/22/2023     EUR    62.550
Societe Generale Effekte  24.250   7/22/2022     EUR    71.920
Societe Generale Effekte  26.250   7/22/2022     EUR    71.150
Societe Generale Effekte  21.750   8/26/2022     EUR    72.370
Societe Generale Effekte  23.750   8/26/2022     EUR    71.600
Societe Generale Effekte  25.750   8/26/2022     EUR    70.950
Societe Generale Effekte  22.000   9/23/2022     EUR    71.820
Societe Generale Effekte  20.250  10/28/2022     EUR    72.170
Societe Generale Effekte  22.250  10/28/2022     EUR    71.550
Societe Generale Effekte  21.000  11/25/2022     EUR    71.850
DZ Bank AG Deutsche Zent  18.100   3/24/2023     EUR    70.320
Societe Generale Effekte  12.500  10/28/2022     EUR    70.690
Societe Generale Effekte  14.500  10/28/2022     EUR    69.130
Societe Generale Effekte  18.500  10/28/2022     EUR    66.940
Societe Generale Effekte  11.500  11/25/2022     EUR    71.320
Societe Generale Effekte  13.500  11/25/2022     EUR    69.670
Societe Generale Effekte  17.500  11/25/2022     EUR    67.350
DZ Bank AG Deutsche Zent  24.600   9/23/2022     EUR    67.530
DZ Bank AG Deutsche Zent  20.600  12/23/2022     EUR    68.990
DZ Bank AG Deutsche Zent  21.300   1/27/2023     EUR    69.030
Societe Generale Effekte  16.250   9/23/2022     EUR    69.000
Societe Generale Effekte  18.250   9/23/2022     EUR    67.910
Societe Generale Effekte  10.750  12/23/2022     EUR    72.360
Societe Generale Effekte  14.750  12/23/2022     EUR    69.280
Societe Generale Effekte  18.750  12/23/2022     EUR    67.720
Credit Suisse AG/London    9.000   11/03/2022    CHF    55.710
Banque Internationale a   11.000   11/09/2022    CHF    56.140
Leonteq Securities AG/Gu  21.600   11/09/2022    CHF    45.760
DZ Bank AG Deutsche Zent   9.400  12/23/2022     EUR    72.170
DZ Bank AG Deutsche Zent  15.600  12/23/2022     EUR    68.610
DZ Bank AG Deutsche Zent  12.500  12/23/2022     EUR    74.850
DZ Bank AG Deutsche Zent   9.600  12/23/2022     EUR    48.450
DZ Bank AG Deutsche Zent  18.200  12/23/2022     EUR    71.350
DZ Bank AG Deutsche Zent  22.800  12/23/2022     EUR    68.580
DZ Bank AG Deutsche Zent  15.600  12/23/2022     EUR    73.820
DZ Bank AG Deutsche Zent  17.100  12/23/2022     EUR    58.710
DZ Bank AG Deutsche Zent  18.800   9/23/2022     EUR    67.320
Vontobel Financial Produ   9.500  12/23/2022     EUR    48.880
Zurcher Kantonalbank Fin  20.500   11/04/2022    CHF    65.580
Zurcher Kantonalbank Fin  30.000   1/18/2023     USD    61.630
Societe Generale Effekte  22.250   9/23/2022     EUR    65.610
Societe Generale Effekte  10.500  10/28/2022     EUR    72.660
Societe Generale Effekte  16.500  10/28/2022     EUR    67.900
Societe Generale Effekte  20.500  10/28/2022     EUR    66.270
Societe Generale Effekte  15.500  11/25/2022     EUR    68.340
Societe Generale Effekte  19.500  11/25/2022     EUR    66.580
DZ Bank AG Deutsche Zent  21.700   9/23/2022     EUR    68.390
DZ Bank AG Deutsche Zent  18.500  12/23/2022     EUR    69.530
DZ Bank AG Deutsche Zent  19.400   1/27/2023     EUR    69.380
DZ Bank AG Deutsche Zent  16.500   3/24/2023     EUR    70.960
Vontobel Financial Produ  20.250   05/09/2022    USD    75.300
SG Issuer SA              19.750   11/08/2022    EUR    57.580
Leonteq Securities AG/Gu  21.600   11/08/2022    CHF    55.770
Credit Suisse AG/London   14.000   11/02/2022    CHF    48.160
Barclays Bank PLC          0.438   11/08/2023    USD     9.677
Leonteq Securities AG/Gu  25.200   11/09/2022    CHF    64.090
UniCredit Bank AG          8.150  11/30/2022     EUR    67.310
DZ Bank AG Deutsche Zent  14.700  12/23/2022     EUR    47.160
DZ Bank AG Deutsche Zent  15.100   9/23/2022     EUR    73.660
Raiffeisen Switzerland B  17.500   11/08/2022    USD    51.840
Bank Julius Baer & Co Lt   7.900   2/13/2023     EUR    69.300
DZ Bank AG Deutsche Zent  19.300   9/23/2022     EUR    60.260
Societe Generale Effekte  18.500  12/23/2022     EUR    72.520
Skandinaviska Enskilda B   6.000   1/15/2025     SEK    62.130
Pongs & Zahn AG            8.500                 EUR     0.031
UBS AG/London             16.250   05/03/2023    USD    56.300
Credit Suisse AG/London   13.000   12/05/2022    EUR    51.170
Leonteq Securities AG/Gu  30.000   1/18/2023     CHF    71.770
DZ Bank AG Deutsche Zent  15.500   9/21/2022     EUR    59.130
DZ Bank AG Deutsche Zent  10.500   6/22/2022     EUR    63.650
Zurcher Kantonalbank Fin  29.000   1/17/2023     CHF    61.480
Raiffeisen Schweiz Genos  10.000  12/31/2024     CHF    71.250
Leonteq Securities AG      7.500   11/08/2022    CHF    59.710
Raiffeisen Schweiz Genos   3.400   3/21/2025     CHF    74.000
Raiffeisen Schweiz Genos   2.700   9/22/2026     CHF    68.090
Leonteq Securities AG      3.900  12/20/2024     CHF    73.570
Leonteq Securities AG/Gu  24.800  11/29/2022     CHF    52.800
DZ Bank AG Deutsche Zent  14.500  12/21/2022     EUR    50.020
Raiffeisen Schweiz Genos  18.000  10/19/2022     CHF    57.630
Zurcher Kantonalbank Fin  18.250  11/22/2022     CHF    56.390
Zurcher Kantonalbank Fin  23.000  11/22/2022     CHF    63.250
UniCredit Bank AG          5.050  11/16/2022     EUR    69.910
Raiffeisen Switzerland B   8.800   2/22/2023     CHF    62.740
Raiffeisen Schweiz Genos  16.000  11/22/2022     CHF    65.650
Raiffeisen Schweiz Genos  12.000  11/22/2022     CHF    46.440
Leonteq Securities AG/Gu  24.420  11/22/2022     CHF    57.830
Leonteq Securities AG/Gu  14.000   2/22/2023     EUR    63.900
Leonteq Securities AG/Gu  27.300  11/22/2022     USD    59.450
UniCredit Bank AG          4.200   12/06/2022    EUR    66.490
Societe Generale Effekte  14.250   9/23/2022     EUR    70.400
Societe Generale Effekte  13.750   8/26/2022     EUR    71.660
Societe Generale Effekte  15.750   8/26/2022     EUR    69.920
Societe Generale Effekte  19.750   8/26/2022     EUR    67.480
Societe Generale Effekte  12.250   9/23/2022     EUR    72.240
Societe Generale Effekte  20.250   9/23/2022     EUR    67.060
Societe Generale Effekte  12.750  12/23/2022     EUR    70.580
Societe Generale Effekte  16.750  12/23/2022     EUR    68.380
Societe Generale Effekte  17.750   8/26/2022     EUR    68.530
Vontobel Financial Produ  26.150   4/26/2022     EUR    41.780
Leonteq Securities AG     18.000  11/22/2022     CHF    59.540
Leonteq Securities AG     18.000   2/22/2023     CHF    63.630
Societe Generale Effekte  21.250   5/27/2022     EUR    44.940
Credit Suisse AG/London   10.500  10/26/2022     CHF    48.850
Leonteq Securities AG     10.000   5/22/2023     CHF    70.130
Credit Suisse AG/London   11.500  11/14/2022     USD    61.420
Zurcher Kantonalbank Fin  14.500   11/11/2022    CHF    58.210
Societe Generale Effekte  28.250   7/22/2022     EUR    70.510
Societe Generale Effekte  20.000   9/23/2022     EUR    72.600
Societe Generale Effekte  24.000   9/23/2022     EUR    71.190
Societe Generale Effekte  19.000  11/25/2022     EUR    72.430
Vontobel Financial Produ  27.900   05/09/2022    EUR    46.600
EFG International Financ  13.400  10/31/2022     CHF    63.750
DekaBank Deutsche Giroze   3.700  11/25/2022     EUR    66.770
Leonteq Securities AG     25.200  10/21/2022     CHF    54.150
Vontobel Financial Produ  12.500  12/23/2022     EUR    50.520
BNP Paribas Emissions- u  20.000   3/24/2022     EUR    44.510
BNP Paribas Emissions- u  20.000   3/24/2022     EUR    42.650
BNP Paribas Emissions- u  10.000   9/22/2022     EUR    52.210
Vontobel Financial Produ  15.250  12/23/2022     EUR    68.150
BNP Paribas Emissions- u  15.000   6/23/2022     EUR    66.890
BNP Paribas Emissions- u  10.000   9/22/2022     EUR    54.380
DekaBank Deutsche Giroze   3.250  11/25/2022     EUR    70.990
BNP Paribas Emissions- u  14.000   3/24/2022     EUR    66.290
BNP Paribas Emissions- u  18.000   3/24/2022     EUR    66.600
BNP Paribas Emissions- u  20.000   6/23/2022     EUR    64.510
BNP Paribas Emissions- u  18.000   9/22/2022     EUR    68.220
BNP Paribas Emissions- u  16.000   6/23/2022     EUR    48.070
BNP Paribas Emissions- u  16.000   3/24/2022     EUR    46.240
BNP Paribas Emissions- u  18.000   3/24/2022     EUR    44.350
Leonteq Securities AG/Gu  17.000  10/25/2022     USD    51.600
Leonteq Securities AG/Gu  13.000  10/25/2022     USD    54.020
Vontobel Financial Produ  18.250   9/23/2022     EUR    48.050
Credit Suisse AG/London    4.000   2/17/2025     EUR     0.010
Danske Bank A/S            6.860   07/09/2022    SEK    25.860
Leonteq Securities AG/Gu   7.600   1/23/2023     CHF    67.060
Zurcher Kantonalbank Fin   6.300  12/16/2022     CHF    53.620
Skandinaviska Enskilda B   7.450   1/15/2025     SEK    66.380
BNP Paribas Issuance BV    7.200  12/17/2024     SEK    72.890
Skandinaviska Enskilda B   6.250   1/15/2025     SEK    72.600
WEB Windenergie AG         6.500                 EUR     0.010
Zurcher Kantonalbank Fin   8.000   5/16/2022     CHF    50.830
Landesbank Baden-Wuertte   2.350   9/23/2022     EUR    33.230
WEB Windenergie AG         6.500                 EUR     0.010
Landesbank Baden-Wuertte   4.400   9/23/2022     EUR    29.460
Vontobel Financial Produ  14.000  12/23/2022     EUR    66.550
Vontobel Financial Produ  17.000  12/23/2022     EUR    51.480
Vontobel Financial Produ   9.000  12/23/2022     EUR    57.090
Vontobel Financial Produ  10.500  12/23/2022     EUR    68.410
BNP Paribas Emissions- u   8.000   6/23/2022     EUR    52.120
BNP Paribas Emissions- u  14.000   6/23/2022     EUR    47.410
BNP Paribas Emissions- u  18.000   6/23/2022     EUR    46.890
BNP Paribas Emissions- u  20.000   6/23/2022     EUR    47.540
BNP Paribas Emissions- u  20.000   6/23/2022     EUR    45.920
BNP Paribas Emissions- u   8.000   9/22/2022     EUR    53.230
Leonteq Securities AG     12.000   1/25/2023     CHF    54.810
Vontobel Financial Produ  10.000  12/23/2022     EUR    56.290
Vontobel Financial Produ  14.500  12/23/2022     EUR    65.870
DZ Bank AG Deutsche Zent  18.400  12/23/2022     EUR    71.650
Vontobel Financial Produ  12.000  12/23/2022     EUR    55.530
Vontobel Financial Produ  11.500  12/23/2022     EUR    67.980
Vontobel Financial Produ  16.500  12/23/2022     EUR    65.480
Bank Julius Baer & Co Lt  10.400   1/24/2023     USD    64.800
BNP Paribas Emissions- u  16.000   9/22/2022     EUR    67.070
BNP Paribas Emissions- u  10.000   6/23/2022     EUR    50.380
BNP Paribas Emissions- u  12.000   6/23/2022     EUR    48.760
Vontobel Financial Produ   6.000  12/23/2022     EUR    59.330
Vontobel Financial Produ  13.000  12/23/2022     EUR    66.840
Vontobel Financial Produ  15.500  12/23/2022     EUR    65.660
Leonteq Securities AG/Gu  20.600   12/02/2022    CHF    66.130
RENE LEZARD Mode GmbH      7.250  11/25/2017     EUR     0.200
MS Deutschland Beteiligu   6.875  12/18/2017     EUR     0.620
Bank Julius Baer & Co Lt  13.950   03/01/2022    USD    41.150
Bayerische Landesbank      2.500   7/22/2022     EUR    72.310
BNP Paribas Issuance BV    7.150   11/07/2024    SEK    74.820
Leonteq Securities AG/Gu   6.600   01/09/2023    CHF    67.800
Societe Generale SA       20.000  12/30/2022     USD    72.000
DeltaCredit Bank JSC       1.000  10/20/2025     RUB    65.030
Skandinaviska Enskilda B   5.750   1/15/2025     SEK    71.290
Skandinaviska Enskilda B   6.400   1/15/2025     SEK    63.120
Nordea Bank Abp            8.500   1/20/2025     SEK    67.130
UniCredit Bank AG          5.000   2/22/2022     EUR    63.590
DZ Bank AG Deutsche Zent   9.000   2/23/2022     EUR    29.080
DZ Bank AG Deutsche Zent  12.250   2/23/2022     EUR    62.800
DZ Bank AG Deutsche Zent  15.750   2/23/2022     EUR    43.550
Bank Julius Baer & Co Lt   9.000   11/07/2022    USD    64.850
UBS AG/London             18.500   06/08/2023    USD    72.050
Raiffeisen Schweiz Genos  13.000  10/18/2022     CHF    54.870
Leonteq Securities AG     24.240  10/19/2022     CHF    54.870
Zurcher Kantonalbank Fin  20.000  11/22/2022     USD    66.980
DZ Bank AG Deutsche Zent  10.500  12/21/2022     EUR    51.900
Raiffeisen Schweiz Genos  20.000  10/19/2022     CHF    50.850
Zurcher Kantonalbank Fin   7.000  11/22/2022     CHF    52.730
UniCredit Bank AG          9.250  11/16/2022     EUR    53.840
UniCredit Bank AG          6.550  11/16/2022     EUR    69.560
UniCredit Bank AG          6.800  11/16/2022     EUR    66.160
Landesbank Baden-Wuertte   7.250  11/25/2022     EUR    67.720
EFG International Financ  18.000  10/20/2022     CHF    61.810
DZ Bank AG Deutsche Zent  19.900  12/23/2022     EUR    70.230
Vontobel Financial Produ  10.500  12/23/2022     EUR    66.130
Vontobel Financial Produ  15.500  12/23/2022     EUR    62.590
DZ Bank AG Deutsche Zent  17.100  12/23/2022     EUR    57.980
DZ Bank AG Deutsche Zent  16.000  12/23/2022     EUR    68.260
DZ Bank AG Deutsche Zent  19.700  12/23/2022     EUR    65.940
Societe Generale Effekte  19.750   7/22/2022     EUR    47.710
Raiffeisen Schweiz Genos  16.000  11/29/2022     CHF    63.320
Bank Vontobel AG           9.000  11/20/2023     CHF    57.800
Bank Vontobel AG          24.000  11/28/2022     CHF    65.000
Vontobel Financial Produ  14.000   9/23/2022     EUR    69.030
Leonteq Securities AG/Gu  27.200  11/30/2022     CHF    65.780
DZ Bank AG Deutsche Zent  21.600  12/23/2022     EUR    65.230
Societe Generale Effekte  21.250   6/24/2022     EUR    46.760
DZ Bank AG Deutsche Zent  14.300  12/23/2022     EUR    69.730
DZ Bank AG Deutsche Zent  17.900  12/23/2022     EUR    66.920
Corner Banca SA            9.000   06/02/2022    CHF    67.150
Societe Generale SA       21.000  12/23/2022     USD    63.850
BNP Paribas Emissions- u  10.000   3/24/2022     EUR     0.840
Leonteq Securities AG      3.600   9/22/2026     CHF    70.060
EFG International Financ   9.800  12/27/2022     CHF    68.890
Leonteq Securities AG      8.000  12/13/2022     CHF    55.290
Vontobel Financial Produ   9.100   2/21/2022     EUR    67.240
Baromfi-Coop Termelo Es    3.000   5/19/2028     HUF    74.400
BNP Paribas Emissions- u   5.000   3/24/2022     EUR    22.580
BNP Paribas Emissions- u   7.000   3/24/2022     EUR    62.790
Societe Generale SA       21.000   02/02/2023    USD    71.000
Societe Generale SA       20.000   02/02/2023    USD    65.450
Leonteq Securities AG/Gu   5.600   5/25/2022     CHF    67.440
EFG International Financ   9.400   12/12/2022    CHF    70.210
Bayerische Landesbank      3.500   1/26/2024     EUR    74.430
Bayerische Landesbank      1.450   1/26/2024     EUR    65.790
Bayerische Landesbank      1.350  12/23/2022     EUR    65.760
UBS AG/London              6.750   5/16/2022     CHF    65.800
Societe Generale SA        8.000   5/19/2022     USD    61.000
Corner Banca SA            6.800   5/17/2022     CHF    67.400
DekaBank Deutsche Giroze   2.400   6/17/2022     EUR    73.770
Judetul Timis              3.340   04/07/2028    RON    10.000
Landesbank Baden-Wuertte   8.000   3/25/2022     EUR    81.020
Raiffeisen Schweiz Genos   6.600   3/23/2022     CHF    65.130
Leonteq Securities AG      7.200   2/14/2023     CHF    68.640
Landesbank Baden-Wuertte   2.650   3/25/2022     EUR    34.210
Landesbank Baden-Wuertte   5.300   3/25/2022     EUR    28.780
Bank Vontobel AG          13.000   03/07/2022    CHF    42.700
Skandinaviska Enskilda B   5.520   7/15/2024     SEK    73.140
Landesbank Baden-Wuertte   6.100   3/25/2022     EUR    87.430
Leonteq Securities AG      7.200   4/25/2022     CHF    65.940
Landesbank Baden-Wuertte   2.000   2/25/2022     EUR    73.030
Landesbank Baden-Wuertte   2.300   2/25/2022     EUR    65.100
Landesbank Baden-Wuertte   4.750   2/25/2022     EUR    47.020
Landesbank Baden-Wuertte   3.400   2/25/2022     EUR    58.850
Landesbank Baden-Wuertte   4.800   2/25/2022     EUR    46.550
Landesbank Baden-Wuertte   3.200   2/25/2022     EUR    74.660
Landesbank Baden-Wuertte   6.400   2/25/2022     EUR    74.280
Landesbank Baden-Wuertte   4.900   2/25/2022     EUR    69.260
Landesbank Baden-Wuertte   3.700   2/25/2022     EUR    74.950
Vontobel Financial Produ  10.500   3/25/2022     EUR    68.870
Vontobel Financial Produ  10.500   3/25/2022     EUR    66.920
Vontobel Financial Produ  10.500   3/25/2022     EUR    66.920
Vontobel Financial Produ  11.000   6/24/2022     EUR    73.000
Vontobel Financial Produ  12.000   3/25/2022     EUR    71.300
Vontobel Financial Produ  10.000   6/24/2022     EUR    73.120
Vontobel Financial Produ   5.000   9/23/2022     EUR    62.970
Vontobel Financial Produ  10.000   6/24/2022     EUR    73.120
Vontobel Financial Produ   4.000   6/24/2022     EUR    59.910
Landesbank Baden-Wuertte  10.300   2/25/2022     EUR    72.970
Landesbank Baden-Wuertte   3.100   2/25/2022     EUR    60.950
Vontobel Financial Produ   9.500   6/24/2022     EUR    72.740
Vontobel Financial Produ   7.500   9/23/2022     EUR    69.540
Vontobel Financial Produ  10.500   9/23/2022     EUR    45.670
Vontobel Financial Produ   9.500   9/23/2022     EUR    46.880
Vontobel Financial Produ  13.000   9/23/2022     EUR    43.940
Vontobel Financial Produ  17.000   9/23/2022     EUR    42.330
Vontobel Financial Produ  20.000   9/23/2022     EUR    41.890
Vontobel Financial Produ  18.500   9/23/2022     EUR    42.070
Vontobel Financial Produ  15.500   9/23/2022     EUR    42.670
Vontobel Financial Produ  14.000   9/23/2022     EUR    43.110
Vontobel Financial Produ  12.500   6/24/2022     EUR    42.800
Vontobel Financial Produ  16.000   6/24/2022     EUR    40.860
Vontobel Financial Produ  17.500   6/24/2022     EUR    39.980
Vontobel Financial Produ  21.500   6/24/2022     EUR    38.870
Vontobel Financial Produ  19.500   6/24/2022     EUR    39.380
Vontobel Financial Produ  14.000   6/24/2022     EUR    41.670
Vontobel Financial Produ  24.000   6/24/2022     EUR    38.630
Vontobel Financial Produ  12.000  12/23/2022     EUR    50.470
Vontobel Financial Produ  14.500  12/23/2022     EUR    49.320
Vontobel Financial Produ  13.500  12/23/2022     EUR    50.040
Vontobel Financial Produ  15.000  12/23/2022     EUR    49.740
Vontobel Financial Produ  16.500  12/23/2022     EUR    49.560
Vontobel Financial Produ   8.000   9/23/2022     EUR    71.830
Vontobel Financial Produ   9.000  12/23/2022     EUR    74.290
Vontobel Financial Produ  10.500  12/23/2022     EUR    49.180
Vontobel Financial Produ  17.000  12/23/2022     EUR    47.340
Vontobel Financial Produ  18.500  12/23/2022     EUR    47.430
Vontobel Financial Produ  13.000   9/23/2022     EUR    47.170
Vontobel Financial Produ  16.500   9/23/2022     EUR    46.050
Vontobel Financial Produ  18.500   9/23/2022     EUR    45.810
Vontobel Financial Produ  12.000   9/23/2022     EUR    48.390
Vontobel Financial Produ   9.500  12/23/2022     EUR    50.170
Vontobel Financial Produ  15.000   9/23/2022     EUR    46.700
Vontobel Financial Produ  20.500   9/23/2022     EUR    45.680
Vontobel Financial Produ   7.500  12/23/2022     EUR    70.490
Vontobel Financial Produ   7.000  12/23/2022     EUR    70.070
Vontobel Financial Produ  13.500  12/23/2022     EUR    57.720
Vontobel Financial Produ  15.000  12/23/2022     EUR    56.860
Vontobel Financial Produ  22.500  12/23/2022     EUR    56.150
Vontobel Financial Produ  16.500  12/23/2022     EUR    56.150
Vontobel Financial Produ  18.500  12/23/2022     EUR    56.020
Vontobel Financial Produ  20.500  12/23/2022     EUR    56.030
Vontobel Financial Produ  16.250  12/23/2022     EUR    66.730
UniCredit Bank AG          6.900   2/25/2022     EUR    69.710
Societe Generale Effekte  16.750   2/25/2022     EUR    45.800
UniCredit Bank AG          8.400   2/25/2022     EUR    67.270
Bank Julius Baer & Co Lt   7.450   9/26/2022     USD    58.000
Societe Generale Effekte   8.750   2/25/2022     EUR    60.810
Societe Generale Effekte  12.750   2/25/2022     EUR    51.660
Societe Generale Effekte  11.500   2/25/2022     EUR    65.130
Societe Generale Effekte  13.500   2/25/2022     EUR    62.020
Societe Generale Effekte   7.500   2/25/2022     EUR    73.680
Societe Generale Effekte   9.500   2/25/2022     EUR    68.870
Societe Generale Effekte   5.000   2/25/2022     EUR    70.950
Societe Generale Effekte   7.000   2/25/2022     EUR    59.910
Societe Generale Effekte  11.000   2/25/2022     EUR    50.010
Societe Generale Effekte   6.250   2/25/2022     EUR    52.020
Societe Generale Effekte  12.250   2/25/2022     EUR    41.140
Societe Generale Effekte  14.500   2/25/2022     EUR    53.570
Sberbank of Russia PJSC    0.010  11/27/2025     RUB    75.400
Lehman Brothers Treasury   8.000   5/22/2009     USD     0.100
Heta Asset Resolution AG   7.500  12/31/2023     ATS     1.156
Ukraine Government Bond    6.000   4/23/2031     UAH    51.346
Lehman Brothers Treasury  14.900  11/16/2010     EUR     0.100
Lehman Brothers Treasury  16.000   10/08/2008    CHF     0.100
Credit Agricole Corporat  10.800   3/24/2026     TRY    60.573
Sberbank of Russia PJSC    0.010   12/05/2025    RUB    75.600
Societe Wallonne de Fina   0.894  10/23/2045     EUR    72.830
Sberbank of Russia PJSC    0.010   12/08/2025    RUB    74.400
Lehman Brothers Treasury   2.500   8/15/2012     CHF     0.100
Lehman Brothers Treasury  13.150  10/30/2008     USD     0.100
Lehman Brothers Treasury   0.500   08/01/2020    EUR     0.100
Lehman Brothers Treasury   6.000   08/07/2013    EUR     0.100
Lehman Brothers Treasury   6.250   09/05/2011    EUR     0.100
Lehman Brothers Treasury  16.000  12/26/2008     USD     0.100
Lehman Brothers Treasury   7.750   01/03/2012    AUD     0.100
Lehman Brothers Treasury   0.500   07/02/2020    EUR     0.100
Lehman Brothers Treasury   3.100   06/04/2010    USD     0.100
Sberbank of Russia PJSC    0.010   5/28/2026     RUB    73.600
Sberbank of Russia PJSC    0.010   12/02/2025    RUB    73.800
Lehman Brothers Treasury   5.550   03/12/2015    EUR     0.100
Lehman Brothers Treasury   9.000   05/06/2011    CHF     0.100
Lehman Brothers Treasury   5.000  11/22/2012     EUR     0.100
Lehman Brothers Treasury  13.432   01/08/2009    ILS     0.100
Lehman Brothers Treasury   4.000   06/05/2011    USD     0.100
Lehman Brothers Treasury   7.500   5/30/2010     AUD     0.100
Lehman Brothers Treasury   1.460   2/19/2012     JPY     0.100
Region de Bruxelles-Capi   0.453   12/07/2055    EUR    72.818
Lehman Brothers Treasury   7.250   07/08/2014    EUR     0.100
Sberbank of Russia PJSC    0.010  10/23/2025     RUB    75.900
Societe Wallonne de Fina   0.948  10/23/2051     EUR    71.015
Sberbank of Russia PJSC    0.010  10/23/2025     RUB    72.700
SAir Group                 6.250   04/12/2005    CHF    12.625
Lehman Brothers Treasury   0.800  12/30/2016     EUR     0.100
Lehman Brothers Treasury  13.000   7/25/2012     EUR     0.100
Sberbank of Russia PJSC    0.010   11/05/2025    RUB    74.000
Lehman Brothers Treasury   2.250   05/12/2009    USD     0.100
Purple Protected Asset     2.085  10/27/2060     EUR    72.706
Lehman Brothers Treasury   1.680   03/05/2015    EUR     0.100
SAir Group                 2.125   11/04/2004    CHF    12.625
Sberbank of Russia PJSC    0.010   11/11/2025    RUB    75.100
ECM Real Estate Investme   5.000   10/09/2011    EUR    15.375
Lehman Brothers Treasury   7.000  10/22/2010     EUR     0.100
Sberbank of Russia PJSC    0.010   08/03/2028    RUB    71.200
Tonon Luxembourg SA       12.500   5/14/2024     USD     0.399
Lehman Brothers Treasury   4.800  11/16/2012     HKD     0.100
Sberbank of Russia PJSC    0.010  11/20/2025     RUB    75.400
Sberbank of Russia PJSC    0.010  11/20/2025     RUB    74.000
Ukraine Government Bond    9.780   05/10/2029    UAH    72.374
Ukraine Government Bond    8.880   05/10/2032    UAH    63.127
Lehman Brothers Treasury   5.200   11/09/2011    EUR     0.100
Ukraine Government Bond    6.000   9/13/2028     UAH    58.926
Ukraine Government Bond    8.420   05/10/2034    UAH    58.270
Sberbank of Russia PJSC    0.010   10/07/2025    RUB    74.100
Sberbank of Russia PJSC    0.010   10/07/2025    RUB    76.100
Ukraine Government Bond    9.700   06/07/2028    UAH    74.091
Lehman Brothers Treasury   6.000   9/20/2011     EUR     0.100
Polski Bank Spoldzielczy   3.780   9/14/2027     PLN    69.800
Lehman Brothers Treasury   3.000   8/13/2011     EUR     0.100
Ukraine Government Bond    9.610   10/11/2029    UAH    71.064
Ukraine Government Bond    9.010   11/10/2031    UAH    64.494
Lehman Brothers Treasury   3.500  12/20/2027     USD     0.100
Lehman Brothers Treasury   4.600   10/11/2017    ILS     0.100
Sberbank of Russia PJSC    0.010  10/31/2025     RUB    75.500
Rio Forte Investments SA   3.900   07/10/2014    USD     4.860
Sberbank of Russia PJSC    0.010   8/25/2025     RUB    74.300
Region de Bruxelles-Capi   0.731   8/25/2060     EUR    75.406
Nota-Bank OJSC            13.500   04/01/2016    RUB    31.500
AKB Peresvet ZAO          13.000   10/07/2017    RUB    13.125
Lehman Brothers Treasury   3.500   6/20/2011     EUR     0.100
Lehman Brothers Treasury   6.000   03/04/2015    USD     0.100
Lehman Brothers Treasury  11.750   03/01/2010    EUR     0.100
Northland Resources AB    12.250   3/26/2016     USD     2.621
Natixis SA                 0.300   6/25/2048     USD    42.415
Ukraine Government Bond    6.000  11/26/2025     UAH    71.980
Ukraine Government Bond    6.000  10/29/2025     UAH    72.511
Lehman Brothers Treasury   8.000   3/19/2012     USD     0.100
Credit Agricole Corporat  10.800   3/24/2026     TRY    63.615
Sberbank of Russia PJSC    0.010   5/23/2028     RUB    75.500
Lehman Brothers Treasury   1.000   2/26/2010     USD     0.100
Lehman Brothers Treasury   6.000   3/18/2015     USD     0.100
Lehman Brothers Treasury   4.000   03/10/2011    EUR     0.100
Sberbank of Russia PJSC    0.010  11/26/2025     RUB    71.200
Lehman Brothers Treasury   3.000   09/12/2036    JPY     0.100
Lehman Brothers Treasury  13.000  12/14/2012     USD     0.100
Lehman Brothers Treasury   4.680   12/12/2045    EUR     0.100
Lehman Brothers Treasury   4.820  12/18/2036     EUR     0.100
Lehman Brothers Treasury  11.250  12/31/2008     USD     0.100
Lehman Brothers Treasury   5.250   04/01/2023    EUR     0.100
Lehman Brothers Treasury   6.700   4/21/2011     USD     0.100
Sberbank of Russia PJSC    0.946   03/11/2025    RUB    74.900
Lehman Brothers Treasury   0.500  12/20/2017     USD     0.100
Lehman Brothers Treasury  11.000  12/20/2017     AUD     0.100
Lehman Brothers Treasury   8.800  12/27/2009     EUR     0.100
Lehman Brothers Treasury   0.500  12/20/2017     USD     0.100
Lehman Brothers Treasury   4.000   01/04/2011    USD     0.100
Lehman Brothers Treasury   0.500  12/20/2017     AUD     0.100
Lehman Brothers Treasury   0.500  12/20/2017     AUD     0.100
Lehman Brothers Treasury   0.500  12/20/2017     AUD     0.100
Lehman Brothers Treasury   0.500  12/20/2017     AUD     0.100
Lehman Brothers Treasury   0.500  12/20/2017     AUD     0.100
Ukraine Government Bond    9.710  11/19/2031     UAH    67.806
Ukraine Government Bond    6.000   09/10/2031    UAH    50.485
Ukraine Government Bond    6.000  11/22/2028     UAH    58.246
Ukraine Government Bond    9.820   02/12/2031    UAH    69.479
Ukraine Government Bond    9.790   5/14/2031     UAH    68.922
Ukraine Government Bond    9.700  10/13/2032     UAH    66.601
Ukraine Government Bond    6.000   10/11/2028    UAH    58.646
Ukraine Government Bond    9.700   8/25/2032     UAH    66.790
Lehman Brothers Treasury  11.000  12/20/2017     AUD     0.100
Lehman Brothers Treasury  11.000  12/20/2017     AUD     0.100
Bibby Offshore Services    7.500   6/15/2021     GBP    11.625
Getin Noble Bank SA        8.870   4/29/2024     PLN    62.159
Lehman Brothers Treasury   0.500  12/20/2017     USD     0.100
Lehman Brothers Treasury   0.500  12/20/2017     USD     0.100
Lehman Brothers Treasury  11.000   2/16/2009     CHF     0.100
Lehman Brothers Treasury   7.000   2/15/2010     CHF     0.100
Lehman Brothers Treasury   5.375   02/04/2014    USD     0.100
BRAbank ASA                7.810                 NOK    71.668
Ukraine Government Bond    9.700   12/06/2028    UAH    72.950
Ukraine Government Bond    6.000   12/11/2030    UAH    52.229
Ukraine Government Bond    9.990   8/27/2031     UAH    69.484
Ukraine Government Bond    6.000   06/12/2030    UAH    53.518
Ukraine Government Bond    6.000   9/18/2030     UAH    52.816
Ukraine Government Bond    6.000   8/28/2030     UAH    52.974
Ukraine Government Bond    6.000  11/28/2029     UAH    55.021
Ukraine Government Bond    9.950   05/08/2030    UAH    71.258
Ukraine Government Bond    6.000   03/12/2031    UAH    51.630
Ukraine Government Bond    9.910   08/07/2030    UAH    70.712
Ukraine Government Bond    9.800   04/02/2031    UAH    69.148
Ukraine Government Bond    9.980   04/10/2030    UAH    72.887
Ukraine Government Bond    9.000   7/17/2030     UAH    66.711
Lehman Brothers Treasury  16.000  10/28/2008     USD     0.100
Lehman Brothers Treasury  10.000  10/23/2008     USD     0.100
Lehman Brothers Treasury   6.450   2/20/2010     AUD     0.100
Lehman Brothers Treasury  10.000  10/22/2008     USD     0.100
Lehman Brothers Treasury   6.600   5/23/2012     AUD     0.100
Lehman Brothers Treasury   3.450   5/23/2013     USD     0.100
Lehman Brothers Treasury   4.600   08/01/2013    EUR     0.100
Lehman Brothers Treasury   7.000   4/24/2009     USD     0.100
Lehman Brothers Treasury  16.000   11/09/2008    USD     0.100
Lehman Brothers Treasury  10.000   5/22/2009     USD     0.100
Lehman Brothers Treasury   1.000   05/09/2012    EUR     0.100
Lehman Brothers Treasury  16.200   5/14/2009     USD     0.100
Lehman Brothers Treasury  10.600   4/22/2014     MXN     0.100
Lehman Brothers Treasury   7.600   5/21/2013     USD     0.100
Lehman Brothers Treasury   2.000   6/28/2011     EUR     0.100
Sberbank of Russia PJSC    0.010   03/04/2026    RUB    73.200
Sberbank of Russia PJSC    0.010   03/06/2028    RUB    74.800
Lehman Brothers Treasury   0.500   06/02/2020    EUR     0.100
Lehman Brothers Treasury  12.000   07/04/2011    EUR     0.100
Lehman Brothers Treasury  11.000   07/04/2011    CHF     0.100
Lehman Brothers Treasury   5.500   07/08/2013    EUR     0.100
Lehman Brothers Treasury  11.000   07/04/2011    USD     0.100
Lehman Brothers Treasury  10.000   6/17/2009     USD     0.100
Lehman Brothers Treasury   5.120   4/30/2027     EUR     0.100
Sberbank of Russia PJSC    0.010   6/25/2025     RUB    76.200
Sberbank of Russia PJSC    0.010   06/02/2028    RUB    76.000
Lehman Brothers Treasury   4.100   8/23/2010     USD     0.100
SAir Group                 2.750   7/30/2004     CHF    12.625
SAir Group                 2.750   7/30/2004     CHF    12.625
Lehman Brothers Treasury  16.800   8/21/2009     USD     0.100
Lehman Brothers Treasury  14.100   11/12/2008    USD     0.100
Lehman Brothers Treasury   2.300   06/06/2013    USD     0.100
Lehman Brothers Treasury   4.300   06/04/2012    USD     0.100
Petromena ASA              9.750   5/24/2016     NOK     0.607
Lehman Brothers Treasury   3.700   06/06/2009    EUR     0.100
Sberbank of Russia PJSC    0.010   8/21/2025     RUB    74.300
Lehman Brothers Treasury   4.000   4/24/2009     USD     0.100
Lehman Brothers Treasury   3.850   4/24/2009     USD     0.100
Cultura Sparebank          6.810                 NOK    52.478
Lehman Brothers Treasury   7.585  11/22/2009     MXN     0.100
Lehman Brothers Treasury  11.000  12/19/2011     USD     0.100
PSN Pm OOO                 9.500   09/10/2026    RUB    21.625
Lehman Brothers Treasury   2.500  12/15/2011     GBP     0.100
Lehman Brothers Treasury   4.000  11/24/2016     EUR     0.100
Getin Noble Bank SA        5.310   04/04/2024    PLN    62.375
Getin Noble Bank SA        4.250   8/30/2024     PLN    70.875
Lehman Brothers Treasury   0.750   3/29/2012     EUR     0.100
Sberbank of Russia PJSC    0.010   08/12/2025    RUB    72.200
HSBC Bank PLC              0.500  11/25/2025     BRL    63.914
Sberbank of Russia PJSC    0.010   08/12/2025    RUB    73.000
Kuntarahoitus Oyj          0.250   6/28/2040     CAD    40.236
Lehman Brothers Treasury   3.025   1/31/2015     EUR     0.100
Lehman Brothers Treasury   6.000   7/28/2010     EUR     0.100
Lehman Brothers Treasury   6.000   7/28/2010     EUR     0.100
Lehman Brothers Treasury   7.000   07/11/2010    EUR     0.100
Lehman Brothers Treasury   0.480   11/02/2035    EUR     0.100
Otkritie Holding JSC      10.000   4/20/2028     RUB     0.010
Lehman Brothers Treasury   8.500   07/06/2009    CHF     0.100
Lehman Brothers Treasury   4.250   3/13/2021     EUR     0.100
Lehman Brothers Treasury   6.000   3/17/2011     EUR     0.100
Lehman Brothers Treasury   8.000   4/20/2009     EUR     0.100
AKB Peresvet ZAO          13.250   4/25/2018     RUB    13.125
Lehman Brothers Treasury   0.500   2/16/2009     EUR     0.100
Lehman Brothers Treasury   5.103   6/22/2046     EUR     0.100
Lehman Brothers Treasury   7.500   9/13/2009     CHF     0.100
Sberbank of Russia PJSC    0.010  10/22/2025     RUB    73.700
Region de Bruxelles-Capi   0.460  12/15/2051     EUR    75.607
Rosselkhozbank JSC        10.100                 RUB    90.000
Lehman Brothers Treasury   3.630   03/02/2012    EUR     0.100
OR PJSC                   13.500  10/22/2025     RUB    52.940
Getin Noble Bank SA        8.870   1/31/2024     PLN    74.256
Lehman Brothers Treasury   4.150   8/25/2020     EUR     0.100
Lehman Brothers Treasury   7.550  12/29/2008     USD     0.100
Otkritie Holding JSC       0.010   10/03/2036    RUB     0.010
Santander Consumer Bank    5.890                 NOK    50.508
Lehman Brothers Treasury   2.400   6/20/2011     JPY     0.100
A-TEC Industries AG        5.750   11/02/2010    EUR     0.100
Barclays Bank PLC          2.000   05/07/2036    MXN    28.321
Instabank ASA              7.970                 NOK    39.331
Instabank ASA              5.970   3/28/2028     NOK    64.139
Lehman Brothers Treasury   7.600   3/26/2009     EUR     0.100
Lehman Brothers Treasury   6.850  12/22/2008     EUR     0.100
Lehman Brothers Treasury   8.280   3/26/2009     USD     0.100
Bank Julius Baer & Co Lt  11.950   2/25/2022     USD    48.300
Lehman Brothers Treasury   3.000   08/08/2017    EUR     0.100
LBI ehf                    2.250   2/14/2011     CHF    10.125
Lehman Brothers Treasury   1.600   6/21/2010     JPY     0.100
Lehman Brothers Treasury   8.000   08/03/2009    USD     0.100
Lehman Brothers Treasury   1.500  10/25/2011     EUR     0.100
Lehman Brothers Treasury   2.000  10/28/2010     EUR     0.100
Lehman Brothers Treasury  11.000   6/29/2009     EUR     0.100
Lehman Brothers Treasury   5.500   6/15/2009     CHF     0.100
Lehman Brothers Treasury   4.350   08/08/2016    SGD     0.100
Lehman Brothers Treasury   4.500   08/02/2009    USD     0.100
Lehman Brothers Treasury   9.000   6/13/2009     USD     0.100
Lehman Brothers Treasury   7.250   10/06/2008    EUR     0.100
Lehman Brothers Treasury   4.500   03/06/2013    CHF     0.100
Lehman Brothers Treasury   5.750   6/15/2009     CHF     0.100
Lehman Brothers Treasury   0.250   7/21/2014     EUR     0.100
Lehman Brothers Treasury   5.000  10/24/2008     CHF     0.100
Lehman Brothers Treasury   7.500  10/24/2008     USD     0.100
Lehman Brothers Treasury   4.000   4/13/2011     CHF     0.100
Lehman Brothers Treasury  10.000   3/27/2009     USD     0.100
Lehman Brothers Treasury   7.750   1/30/2009     EUR     0.100
Lehman Brothers Treasury  10.500   08/09/2010    EUR     0.100
Lehman Brothers Treasury   8.000   5/22/2009     USD     0.100
Lehman Brothers Treasury   3.820  10/20/2009     USD     0.100
Sberbank of Russia PJSC    0.010   07/05/2028    RUB    76.200
RGS Nedvizhimost OOO      12.000  10/18/2017     RUB     0.335
Norske Skogindustrier AS   2.000  12/30/2115     EUR     0.113
Sberbank of Russia PJSC    0.010   07/02/2025    RUB    74.500
Region of Kaliningrad Ru   6.100   6/16/2027     RUB    67.470
Sberbank of Russia PJSC    0.010  12/22/2025     RUB    75.300
Lehman Brothers Treasury   7.000   2/15/2012     EUR     0.100
Lehman Brothers Treasury  15.000   3/30/2011     EUR     0.100
Lehman Brothers Treasury   1.750   02/07/2010    EUR     0.100
Lehman Brothers Treasury   6.000   2/14/2012     EUR     0.100
Lehman Brothers Treasury   4.690   2/19/2017     EUR     0.100
Lehman Brothers Treasury   6.600   2/22/2012     EUR     0.100
Lehman Brothers Treasury   5.200   3/19/2018     EUR     0.100
Sberbank of Russia PJSC    0.010   7/23/2026     RUB    70.200
Lehman Brothers Treasury   4.200   12/03/2008    HKD     0.100
Mriya Agro Holding PLC     9.450   4/19/2018     USD     4.667
Getin Noble Bank SA        7.870   6/28/2024     PLN    67.875
Getin Noble Bank SA        8.370   5/31/2024     PLN    72.874
Lehman Brothers Treasury   8.000  12/27/2032     JPY     0.100
Lehman Brothers Treasury   1.500   02/08/2012    CHF     0.100
Aralco Finance SA         10.125   05/07/2020    USD     3.137
Lehman Brothers Treasury   0.010   9/20/2011     USD     0.100
Lehman Brothers Treasury   7.750   2/21/2016     EUR     0.100
Sberbank of Russia PJSC    0.010   09/05/2025    RUB    73.000
Credit Suisse AG/London    0.500   01/08/2026    BRL    63.691
BNP Paribas SA             1.000   1/23/2040     MXN    24.972
Sberbank of Russia PJSC    0.010  12/17/2025     RUB    75.900
Lehman Brothers Treasury   5.500   4/23/2014     EUR     0.100
Lehman Brothers Treasury   7.600   03/04/2010    NZD     0.100
Lehman Brothers Treasury  12.400   06/12/2009    USD     0.100
Lehman Brothers Treasury  23.300   9/16/2008     USD     0.100
Lehman Brothers Treasury   3.000   06/03/2010    EUR     0.100
Lehman Brothers Treasury  10.442  11/22/2008     CHF     0.100
Lehman Brothers Treasury   8.000   3/21/2018     USD     0.100
Lehman Brothers Treasury  17.000   06/02/2009    USD     0.100
Lehman Brothers Treasury   7.150   3/21/2013     USD     0.100
Lehman Brothers Treasury   7.500   2/14/2010     AUD     0.100
Lehman Brothers Treasury   7.600   1/31/2013     AUD     0.100
Lehman Brothers Treasury   5.500   6/22/2010     USD     0.100
Lehman Brothers Treasury  13.500   06/02/2009    USD     0.100
Lehman Brothers Treasury  15.000   06/04/2009    CHF     0.100
Promsvyazbank PJSC         2.500   9/29/2029     RUB    58.360
KPNQwest NV                7.125   06/01/2009    EUR     0.453
MIK OAO                   15.000   2/19/2020     RUB    13.875
UniCredit Bank AG         12.700   2/25/2022     EUR    58.950
UniCredit Bank AG         10.200   2/25/2022     EUR    62.800
UniCredit Bank AG          6.500   2/25/2022     EUR    72.410
UniCredit Bank AG          9.500   2/25/2022     EUR    64.980
Vontobel Financial Produ   8.500   9/23/2022     EUR    72.160
Vontobel Financial Produ  11.500   6/24/2022     EUR    73.070
Bank Julius Baer & Co Lt   9.500  10/13/2022     CHF    54.350
Bank Julius Baer & Co Lt  26.650   5/31/2022     USD    63.300
Vontobel Financial Produ  10.000   6/24/2022     EUR    72.580
Bank Julius Baer & Co Lt   8.800   04/06/2022    CHF    48.950
Bank Julius Baer & Co Lt  14.000  11/23/2022     CHF    54.700
Sberbank of Russia PJSC    0.010   7/23/2025     RUB    71.500
Sberbank of Russia PJSC    0.010   7/24/2025     RUB    73.400
Lehman Brothers Treasury   2.000   5/17/2010     EUR     0.100
Lehman Brothers Treasury   4.100   5/20/2009     USD     0.100
Heta Asset Resolution AG   4.875  12/31/2023     EUR     1.156
Heta Asset Resolution AG   5.030  12/31/2023     EUR     1.156
Lehman Brothers Treasury   4.000   2/28/2010     EUR     0.100
Lehman Brothers Treasury   9.250   6/20/2012     USD     0.100
Heta Asset Resolution AG   5.730  12/31/2023     EUR     1.156
Lehman Brothers Treasury   3.000   9/13/2010     JPY     0.100
Mriya Agro Holding PLC    10.950   3/30/2016     USD     4.667
Heta Asset Resolution AG   5.920  12/31/2023     EUR     1.156
Barclays Bank PLC         10.200   2/14/2025     TRY    66.389
Heta Asset Resolution AG   5.270  12/31/2023     EUR     1.156
Lehman Brothers Treasury   7.320   7/31/2013     GBP     0.100
Sberbank of Russia PJSC    0.010   1/29/2025     RUB    74.450
Lehman Brothers Treasury   1.280   11/06/2010    JPY     0.100
Lehman Brothers Treasury   4.000   12/02/2012    EUR     0.100
Sberbank of Russia PJSC    0.010   3/27/2028     RUB    65.010
Sberbank of Russia PJSC    0.010   1/19/2026     RUB    60.000
Lehman Brothers Treasury   8.600   7/31/2013     GBP     0.100
Lehman Brothers Treasury   7.500   7/31/2013     GBP     0.100
Lehman Brothers Treasury   8.280   7/31/2013     GBP     0.100
Specialized Financial So   0.000   2/15/2031     RUB    59.900
LBI ehf                    7.431                 USD     0.001
Lehman Brothers Treasury   8.000  10/23/2008     USD     0.100
Sberbank of Russia PJSC    0.010   10/06/2025    RUB    75.600
Purple Protected Asset     1.480  11/30/2060     EUR    66.545
Lehman Brothers Treasury   3.400   9/21/2009     HKD     0.100
Lehman Brothers Treasury   4.000   10/12/2010    USD     0.100
DeltaCredit Bank JSC       1.000   7/28/2025     RUB    67.870
Lehman Brothers Treasury   6.000   12/06/2016    USD     0.100
HSBC Bank PLC              0.500  12/22/2025     BRL    63.412
Lehman Brothers Treasury   4.500   03/07/2015    EUR     0.100
Lehman Brothers Treasury   4.500  12/30/2010     USD     0.100
Lehman Brothers Treasury   5.100   05/08/2017    HKD     0.100
Lehman Brothers Treasury   0.250  10/19/2012     CHF     0.100
Lehman Brothers Treasury  13.500  11/28/2008     USD     0.100
Lehman Brothers Treasury   5.000   4/24/2017     EUR     0.100
Lehman Brothers Treasury  18.250   10/02/2008    USD     0.100
Sberbank of Russia PJSC    0.010   10/06/2025    RUB    74.600
Sberbank of Russia PJSC    0.946   2/17/2025     RUB    73.800
Lehman Brothers Treasury   2.500   8/23/2012     GBP     0.100
Lehman Brothers Treasury   6.000   5/23/2018     CZK     0.100
Lehman Brothers Treasury   4.000   5/30/2010     USD     0.100
Getin Noble Bank SA        6.700   11/09/2023    PLN    70.601
Lehman Brothers Treasury   2.480   05/12/2009    USD     0.100
Lehman Brothers Treasury   4.000   5/17/2010     USD     0.100
Lehman Brothers Treasury   3.350  10/13/2016     EUR     0.100
Lehman Brothers Treasury   4.100   06/10/2014    SGD     0.100
Lehman Brothers Treasury   3.500  10/31/2011     USD     0.100
Lehman Brothers Treasury   3.500  10/24/2011     USD     0.100
Lehman Brothers Treasury   6.750   04/05/2012    EUR     0.100
Heta Asset Resolution AG   0.207  12/31/2023     EUR     1.156
Sberbank of Russia PJSC    0.010   9/17/2025     RUB    74.500
Lehman Brothers Treasury   9.300  12/21/2010     EUR     0.100
Lehman Brothers Treasury   8.000  12/31/2010     USD     0.100
Region of Saratov Russia   8.100  11/20/2024     RUB    72.410
Cie DU Chemin de Fer Nyo   0.280  11/29/2052     CHF    71.314
Lehman Brothers Treasury   6.300  12/21/2018     USD     0.100
Lehman Brothers Treasury  10.000   2/16/2009     CHF     0.100
LBI ehf                    8.650   05/01/2011    ISK    10.125
LBI ehf                    5.080   03/01/2013    ISK    10.125
Heta Asset Resolution AG   0.128  12/31/2023     EUR     1.156
Lehman Brothers Treasury   7.625   7/22/2011     HKD     0.100
Sberbank of Russia PJSC    0.010   09/04/2025    RUB    73.960
Lehman Brothers Treasury  12.000   7/13/2037     JPY     0.100
Lehman Brothers Treasury  10.000   06/11/2038    JPY     0.100
Lehman Brothers Treasury   3.600   3/19/2018     JPY     0.100
Sberbank of Russia PJSC    0.010   1/19/2026     RUB    73.310
Sberbank of Russia PJSC    0.010   1/19/2026     RUB    72.700
Lehman Brothers Treasury   6.000   6/21/2011     EUR     0.100
Lehman Brothers Treasury   2.000   6/21/2011     EUR     0.100
Lehman Brothers Treasury   8.875   1/28/2011     HKD     0.100
Espirito Santo Financial   5.625   7/28/2017     EUR     0.528
Credit Agricole Corporat  10.500   2/16/2027     TRY    58.563
Sberbank of Russia PJSC    0.010   09/09/2025    RUB    72.900
Lehman Brothers Treasury   8.050  12/20/2010     HKD     0.100
KPNQwest NV                8.875   02/01/2008    EUR     0.453
Northland Resources AB    15.000   7/15/2019     USD     2.621
Lehman Brothers Treasury   6.720  12/29/2008     EUR     0.100
Lehman Brothers Treasury   7.060  12/29/2008     EUR     0.100
Societe Generale SA        3.900   3/23/2022     USD     0.350
SG Issuer SA               1.400  12/28/2032     EUR    26.440
SG Issuer SA               2.100   01/06/2033    EUR    28.550
SG Issuer SA               1.500  12/30/2032     EUR    47.310
Barclays Bank PLC          2.730   9/27/2024     EUR    62.020
SG Issuer SA               0.850  10/16/2024     EUR    13.040
SG Issuer SA               2.200   01/10/2025    EUR    72.910
SG Issuer SA               0.350  11/15/2023     EUR    24.600
SG Issuer SA               1.050  11/20/2025     EUR    16.370
SG Issuer SA               5.000   5/23/2024     EUR    58.480
SG Issuer SA               5.000   04/02/2024    EUR    57.690
Credit Agricole Corporat  12.000  11/17/2025     TRY    68.449
PA Resources AB           13.500   03/03/2016    SEK     0.124
Societe Generale SA        4.500  12/29/2022     USD     2.470
Sberbank of Russia PJSC    0.010   04/06/2026    RUB    69.000
Instabank ASA              8.630   02/04/2030    NOK    68.075
Lehman Brothers Treasury   1.950   11/04/2013    EUR     0.100
SG Issuer SA               0.021   07/07/2033    EUR    72.570
Sberbank of Russia PJSC    0.010   9/22/2025     RUB    74.000
Lehman Brothers Treasury   2.370   7/15/2013     USD     0.100
Sberbank of Russia PJSC    0.010   9/22/2025     RUB    74.800
Lehman Brothers Treasury   2.300   6/27/2013     USD     0.100
BLT Finance BV            12.000   02/10/2015    USD    10.500
Lehman Brothers Treasury   4.870   10/08/2013    USD     0.100
Lehman Brothers Treasury   5.250  11/21/2009     USD     0.100
Sberbank of Russia PJSC    0.010   6/22/2028     RUB    71.500
Credit Agricole Corporat  10.200  12/13/2027     TRY    54.748
Societe Generale SA        4.500  12/29/2022     USD
BNP Paribas Issuance BV    5.000   11/05/2024    EUR    34.600
Societe Generale Effekte   3.000   7/22/2022     USD     8.260



                           *********


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

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

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


                * * * End of Transmission * * *