/raid1/www/Hosts/bankrupt/TCREUR

/raid1/www/Hosts/bankrupt/TCREUR_Public/220411.mbx T R O U B L E D C O M P A N Y R E P O R T E R E U R O P E Monday, April 11, 2022, Vol. 23, No. 66 Headlines B E L G I U M LSF9 BALTA: Moody's Affirms 'B3' CFR, Outlook Remains Stable F R A N C E BISCUIT HOLDING: Moody's Withdraws Caa2 Rating on Second Lien Debt TSG SOLUTIONS: S&P Assigns 'B' Long-Term ICR, Outlook Stable G E R M A N Y CTEC I: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable SYNLAB AG: Moody's Affirms 'Ba3' CFR & Alters Outlook to Positive I R E L A N D AURIUM CLO IX: Moody's Assigns B3 Rating to EUR13MM Class F Notes N E T H E R L A N D S BOELS TOPHOLDING: Fitch Affirms 'BB-' LT IDR, Outlook Stable R U S S I A [*] RUSSIA: Senate Votes in Favor of Removing PRNR Status S P A I N AZUL MASTER: Fitch Affirms BB+ Rating on Class C 2020-1 Tranche BROOKFIELD SLATE III: Moody's Assigns 'B2' CFR, Outlook Stable U N I T E D K I N G D O M BROOKFIELD SLATE: S&P Puts Preliminary 'B' Ratings, Outlook Stable CORBIN & KING: King Refused Minor's Offer to Recapitalize Firm DEBENHAMS: Sacked Workers to Get GBP350,000 After Court Ruling DOWSON 2022-1: S&P Assigns B- (sf) Rating to Class F Notes DOWSON PLC 2022-1: Moody's Assigns B3 Rating to GBP11.5MM F Notes EQUITY RELEASE 5: Fitch Affirms BB+ Rating on Class C Notes GIBSON DIRECT: COVID-19 Lockdowns Prompt Administration HALLETT RETAIL: Placed Into Voluntary Liquidation, Ceases Trading KINGSMAN PROPERTY: Director Faces 11-Year Ban After Liquidation MIDAS GROUP: GBP60MM+ Debts Unlikely to Be Paid, New Figures Show OWL FINANCE: Moody's Puts 'Ca' CFR Under Review for Upgrade OWL FINANCE: S&P Cuts ICR to 'SD', Then Withdraws Rating SANDWELL COMMERCIAL NO. 2: S&P Cuts Cl. C Notes Rating to 'CC(sf)' X X X X X X X X [*] BOND PRICING: For the Week April 4 to April 8, 2022 - - - - - ============= B E L G I U M ============= LSF9 BALTA: Moody's Affirms 'B3' CFR, Outlook Remains Stable ------------------------------------------------------------ Moody's Investors Service has affirmed the B3 long-term corporate family rating of LSF9 Balta Issuer S.a r.l. (Balta) and B3-PD probability of default rating. Concurrently, Moody's has affirmed the Caa1 rating of the remaining EUR130 million guaranteed senior secured notes due 2024 following partial repayment of the notes from proceeds of its Rugs, Residential polypropylene and Non-Woven business. The outlook on all ratings remains stable. RATINGS RATIONALE On April 4, 2022, Balta completed the disposal of the Rugs, Residential polypropylene and Non-Woven businesses, together with the Balta brand to Victoria plc (B1, stable). The proceeds from the disposal have been used to partly repay the existing guaranteed senior secured notes due 2024, which are now equivalent to EUR130 million. Concurrently, Balta has also repaid the EUR53 million of drawn RCF, including around EUR8 million drawing at Bentley Mills. Following the disposal, Moody's adjusted gross debt will reduce by around EUR195 million, resulting in a Moody's adjusted gross leverage pro-forma the transaction of 4.8x based on 2021 results compared to 4.6x in 2021 including the disposed business and 6.9x in 2020. The rating affirmation reflects Balta's improved capital structure balanced by its smaller scale and more narrow scope of operations following the disposal, with Moody's adjusted EBITDA of around EUR43 million in 2021, which will increase earnings' susceptibility to weaker economic conditions. Moody's expects adjusted gross leverage to be between 5.0x-5.7x over the next 12-18 months. The increase in leverage reflects Moody's assumption that Balta's profitability will be under pressure in 2022, reflecting the increase in raw material and energy costs and the normalization of margins in the residential PA business. Moody's also expects Balta will improve its Free Cash Flow (FCF) generation following the transaction because of the lower working capital investment required in the commercial business, lower interest payment and higher underlying profitability. The rating agency, however, expects FCF (including lease payment) will be negative in 2022 reflecting the inflationary cost environment and increase in capex. FCF is expected to be positive from 2023. The rating is further supported by solid profitability in the commercial business, which reported EBITDA margins of around 16.4% in 2021; the good level of liquidity; high share of renovation activities, which tends to be less cyclical compared to new construction; long-standing relationships with its key customers; and solid manufacturing and distribution footprint, enabling customer proximity and limiting transportation costs. At the same time, the rating is constrained by Balta's relatively small scale with limited product and end-market diversification; high earnings concentration in the commercial business, where revenues in 2021 were around 20% lower than 2019 levels, and the rating agency's expectations that demand in this segment will not recover to pre-pandemic levels before 2024; the competitive market environment; the risk that margins will be under pressure over the next 12-18 months due to the inflationary cost environment; and the high level of uncertainty following the start of the Russia-Ukraine conflict, which could weaken demand for flooring products if GDP growth and consumer sentiment deteriorates materially. LIQUIDITY PROFILE Balta's liquidity profile is good, supported by around EUR30 million of cash on balance sheet expected at closing and EUR45 million fully undrawn RCF. Moody's believes that these sources of liquidity will cover basic cash needs including maintenance capex of around EUR11-13 million, interest payment of around EUR10 million and EUR6 million operating lease payment. The company does not have sizable short term maturities. The notes and RCF are due in 2024. Moody's expects Balta to be compliant with the covenant. ESG CONSIDERATIONS Balta is listed on the Euronext Brussels with around 50% of the shares owned by funds controlled by Lone Star. The board of directors consists of 8 members, of which 3 are independent. The dividend pay-out policy is between 30% and 40% of net income subject to the availability of distributable reserves and the absence of any material external growth opportunities. There has been no material dividend payments made since the listing in 2017. STRUCTURAL CONSIDERATIONS Balta's debt capital structure following the transaction will mainly consist of the new EUR130 million senior secured notes due in December 2024 and a EUR45 million super senior secured RCF due in June 2024, which benefits from the same guarantor and collateral package as the notes. The B3-PD is at the same level as the CFR, reflecting the use of a 50% recovery rate as is typical for transactions including both bonds and bank debt. The senior secured notes are rated one-notch below the CFR at Caa1 given the contractual subordination to the RCFs (not rated). RATING OUTLOOK The stable outlook reflects Moody's expectation leverage will be between 5.0x-5.7x over the next 12-18 months on the back of double-digit revenue growth mainly supported by price increases, and EBITDA margins between 12%-13% reflecting the inflationary cost environment and margin normalization in the residential PA business. Balta's rating is strongly positioned. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Moody's adjusted EBIT margin increases sustainably in the mid-single to high single digit percentage range; reduces Moody's-adjusted debt/EBITDA below 5.0x on a sustainable basis; and shows a track record of material positive FCF. The ratings could be downgraded if Moody's adjusted EBIT margin remains sustainably below 5%; Moody's-adjusted debt/EBITDA exceeds 6.5x on a sustainable basis; and FCF remains negative for a prolonged period or the liquidity weakens. PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Manufacturing published in September 2021. COMPANY PROFILE Headquartered in Sint-Baafs-Vijve, Belgium, Balta is one of the leading manufacturers of soft-flooring products in Europe. In 2021 pro-forma the disposal of the of the Rugs, Residential polypropylene and Non-Woven businesses, the company generated EUR277 million of revenue and EUR43 million of EBITDA. =========== F R A N C E =========== BISCUIT HOLDING: Moody's Withdraws Caa2 Rating on Second Lien Debt ------------------------------------------------------------------ Moody's Investors Service has withdrawn the Caa2 senior secured ratings on Biscuit Holding S.A.S.'s second lien term loans. The B2 senior secured rating of the first lien term loan B borrowed by Biscuit Holding S.A.S. ("The company") and by De Banketgroep Holding International BV remains unaffected. The B3 corporate family rating and the B3-PD probability of default rating of parent company Cookie Intermediate Holding II SAS are also unaffected by the rating action. The outlook is stable. RATINGS RATIONALE Moody's has decided to withdraw the ratings for its own business reasons. LIST OF AFFECTED RATINGS Withdrawals: Issuer: Biscuit Holding S.A.S. Senior Secured Bank Credit Facility, Withdrawn , previously rated Caa2 COMPANY PROFILE Cookie Intermediate Holding II SAS (B3 stable) is the parent company of Biscuit Holding S.A.S., one of the largest European manufacturers of private-label sweet biscuits based in France. The company produces and distributes traditional biscuits, nutrition biscuits, waffles and other sweet products across Europe. TSG SOLUTIONS: S&P Assigns 'B' Long-Term ICR, Outlook Stable ------------------------------------------------------------ S&P Global Ratings assigned its 'B' long-term issuer credit rating to TSG Solutions Group SAS (TSG) and its 'B' issue rating and '3' recovery rating to the group's EUR320 million term loan B (TLB). The stable outlook reflects S&P's expectation that TSG's leading market position in multi-technical services for service stations in Europe, as well as the rapidly expanding electric vehicle charging stations (EVCS) business, will support revenue growth of 8.0%-9.0% and S&P Global Ratings-adjusted EBITDA margins of 9.0%-9.2% in 2023, and improve adjusted debt to EBITDA (leverage) to below 5.5x. TSG's business risk profile is supported by the group's leading position in the niche market of multi-technical services to service stations in Europe and its unique business model. The group's competitive advantage stems from scale and a unique one-stop-shop offering. TSG is the undisputable market leader in Europe, being 3.3x times larger than its closest competitor. It usually competes with family-owned companies with a narrower geographical focus that specialize in only one activity. TSG boasts a wider scope that enables it to work with multi-energy sources (fuels and biofuels, low-carbon gas, electricity, and hydrogen) and service a diverse range of equipment, from fuel dispensers and car washing equipment to forecourt equipment to outdoor and indoor payment terminals. This allows TSG to charge clients with services initially not included in the perimeter of the original contract and that are identified by its technicians while working at the sites. Its scale is also a key differentiator in large tender offers, for example for the installation of thousands of EVCS across several countries for a single client, a service that very few other companies can offer. TSG's niche market is characterized by higher barriers to entry than what S&P traditionally see for multi technical services. Of TSG's services, 70% are provided to service stations, a potentially dangerous environment given the presence of explosive substances, such as fuel and gas. Operators at such sites therefore need to be accredited from national state regulators, a costly and complex process that markedly limits competition. As such, TSG must comply with approximately 400 regulations. Moreover, in each European country, there are typically only four to five operators that benefit from the required accreditations. Given the lower competition, the market is more concentrated than the traditional multi-technical services arena and provides TSG with higher pricing power, which is reflected in margins above those of other peers we rate in the same sector. As a result, in fiscal 2021, TSG's EBITDA margin, as adjusted by S&P Global Ratings, reached 8.9% compared with 6.3% for Spie SA and 7.2% for Assemblin Financing AB. TSG provides essential services, also required by regulation, resulting in strong resilience of the revenue base over the years. Of TSG's total sales, 75% relate to existing facilities, which need to be maintained in operating conditions by its operator, driving demand for TSG's services. Additionally, governments consider service stations essential services, given their pivotal role supplying logistics trucks with fuel so that they can continue to accommodate society's needs. This means that COVID-19-related impacts on the group have been limited. At its lowest point, TSG's revenue fell about 5% from pre-pandemic levels before quickly recovering. The group's projects business took the biggest hit since clients' decisions to scale down capital expenditure (capex) caused delays in the installation of cisterns in newly built stations, for example. S&P also notes that clients need to comply with numerous safety regulations and therefore face the obligation to have companies such as TSG check their facilities. TSG displays a highly cash generative model, further supported by a flexible cost base. The group has low capex requirements of about 2%-3% of sales, which mainly consists of the technicians' and engineers' service vans. Working capital requirements have historically been negative since TSG is usually paid in advance for the maintenance services. The group also benefits from favorable payment terms with its suppliers. All in all, it drives comfortable free operating cash flow (FOCF) of more than EUR20 million each year. The cost base is largely flexible as 60%-75% of the cost base is considered variable. About one-third of the cost base is materials and two-thirds are labor costs, which also captures subcontracting, providing additional flexibility in case of a downturn. S&P said, "We see the transition to low-carbon and carbon-free energies for vehicles as a positive for TSG. Despite the increasing proportion of electric and LNG propelled vehicles in Europe, we expect the decline of demand related to TSG's services provided to traditional energies (mainly gasoline and diesel) to be very slow over coming years as there remains a fleet of about 300 million automobiles with a thermic or hybrid engines in Europe. Moreover, TSG is not directly exposed to the traffic at service stations or volumes of fuels sold but rather to the number of service stations opened. Because there has already been a significant reduction in service stations in recent years in Europe, with main owners rationalizing their network, we expect numbers will stay stable over coming years. Moreover, with the higher number of electric and gas propelled vehicles on the road, the need for charging infrastructure is urgent, since the autonomy of EV vehicles is likely to remain lower than that of thermic engines cars. This need will drive very strong demand for TSG's installation of EVCS services in coming years. We expect this market to boom at about a 28% annual growth rate until 2030. "Our assessment of TSG's business risk profile is constrained by its niche player positioning. With revenue of EUR662 million and S&P Global Ratings-adjusted EBITDA of EUR59 million in fiscal 2021, TSG is among the smallest issuers we rate in business services. It generates 96% of its revenue in Europe, although there is some geographic diversification across Europe, with France contributing 26% of revenue and Germany plus Benelux and 24%. Additionally, 38% of revenue stems from the top 10 clients, even though this is mitigated by TSG's several independent contracts with its largest clients. In terms of end-market exposure, we note that about 70% of revenue relate to service stations. This industry is undergoing major changes due to the transition to a green economy and increasingly stringent European regulation, and TSG could suffer if any potential adverse regulation hurt demand for its services related to traditional energies while struggling to increase its market share in the highly competitive and fragmented EVCS installation market. We also note the latter is a relatively recent market and that competition for talent is high, which could result in inflationary wage pressure in the near term. "Our financial risk profile assessment incorporates high leverage at the end of fiscal 2022.We expect adjusted debt of approximately EUR385 million. In addition to EUR320 million of the TLB issuance, we adjust for operating leases liabilities (EUR38 million), pension obligations (EUR17 million), factoring liabilities (EUR6 million), and earnouts (EUR2.5 million). We do not net EUR71 million of cash available at the close of the transaction from our debt calculations given the financial sponsor ownership. As a result, we forecast adjusted debt to EBITDA at about 5.8x-6.3x by end-2021, decreasing to below 5.5x by the end of fiscal 2023 driven by the EBITDA increase. Also supporting the rating is the funds from operations (FFO) cash interest coverage which remains resilient and strong, in our view, exceeding 3.0x in fiscal 2022 and 4.0x in fiscal 2023. Given the low capital intensity of the business with capex of about 2%-3% of sales and tight working capital management with low single-digit outflows, we forecast FOCF will comfortably remain positive in fiscals 2022 and 2023, at EUR23 million-EUR28 million, which further supports the group's credit quality. "The ratings are constrained by TSG's financial-sponsor ownership. We assess HLD as a financial sponsor, meaning that it typically tolerates high leverage and implements aggressive shareholder returns policies, even though we note management owns a significant 44.14% of economic and voting rights. We nevertheless consider as positive that the sponsor does not intend to take any dividends in the short term and will likely remain invested in the business for a longer period than the typical five-year lifecycle for private equity. We also understand from our conversations with the financial sponsor that any major merger or acquisition is unlikely in the coming years. If a deal were to occur, funding would likely come from equity contributions and internally generated cash flow, which we would view as credit positive. "The ratings are in line with the preliminary ratings we assigned on Jan. 19, 2022. "The stable outlook reflects our view that TSG's revenue will increase 8%-9% in 2023 driven by a favorable macroeconomic environment, positive industry fundamentals with a high project activity following COVID-19-related delays. Furthermore, S&P Global Ratings-adjusted EBITDA margins will expand slightly past 9%, support by a better absorption of fixed costs and efficiency gains. We expect this solid operational performance will underpin an improvement in adjusted debt to EBITDA to below 5.5x in 2023, while sustaining FOCF comfortably above EUR25 million and FFO cash interest coverage above 4x. "We could take a negative rating action if the group faces a significant revenue and EBITDA contraction due to unexpected adverse operating developments. In this scenario, credit metric deterioration would include FOCF turning negative, with no prospects for returning into positive territory. This could, for example, stem from an accelerated decline of fossil fuel consumption in Europe coupled with service stations closure, which would not be fully compensated by a slower-than-expected ramp-up of carbon-free fuels such as gas or electricity. We could also lower the rating if FFO cash interest fell below 2.0x on a prolonged basis." Finally, a negative rating action could result from debt-financed acquisitions or higher-than-expected cash returns to shareholders. S&P said, "We could take a positive rating action if TSG's credit metrics improved beyond our expectations, with adjusted leverage decreasing to below 5x, along with sustainably positive FOCF. This could result from a faster-than-expected transition to electricity and gas as a fuel for vehicles yielding higher demand for TSG's services. We would also need a commitment from the financial sponsor to maintain leverage below this level." Environmental, Social, And Governance ESG credit indicators: E-2, S-2, G-3 S&P said, "Governance factors are a moderately negative consideration in our credit rating analysis of TSG, as it is for most rated entities owned by private-equity sponsors. We believe the company's highly leveraged financial risk profile points to corporate decision-making that prioritizes the interests of the controlling owners." This also reflects private-equity sponsors' generally finite holding periods and focus on maximizing shareholder returns. ============= G E R M A N Y ============= CTEC I: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable --------------------------------------------------------------- S&P Global Ratings assigned its 'B' long-term issuer credit rating to German industrial ceramics group CTEC I GmbH (CeramTec), which has become the holding company for CeramTec after the closing. S&P also assigned its 'B' issue rating and '3' recovery rating to the EUR1,480 million equivalent seven-year first lien term loan B and EUR250 million 6.5-year revolving credit facility (RCF) issued by CTEC III GmbH; and its 'CCC+' issue rating and '6' recovery rating to the EUR465 million eight-year senior unsecured notes issued by CTEC II GmbH. S&P said, "We withdrew the ratings on CeramTec BondCo GmbH and our issue ratings on the senior secured facilities issued by CeramTec AcquiCo GmbH at the issuers' request; their debt was repaid using the proceeds from newly issued debt. "The stable outlook reflects our view that the group will deleverage toward 7.5x in 2022 and below 7.0x in 2023 (8.5x and 8.0x respectively including preferred equity certificates that we view as debt-like) and maintain funds from operations (FFO) cash interest coverage of above 2.5x consistently, delivering stable margins and FOCF." Funds advised by BC Partners and Canada Pension Plan Investments (CPPI) jointly acquired German industrial ceramics group CTEC I GmbH (CeramTec) for an enterprise value of about EUR3.8 billion. To finance the transaction, the new owners raised about EUR1.95 billion of debt, leading to higher near-term leverage. The buyout of CeramTec by BC Partners and CPPI for about EUR3.8 billion resulted in a refinancing of the capital structure. BC Partners, which owned CeramTec under a different investment fund before the transaction, along with PSP Investments and Ontario Teachers' Pension Plan, jointly acquired CeramTec with CPPI. BC Partners and CPPI (together with co-investors) collectively own 90.7% of ordinary shares and 98.3% of preference shares in CTEC Global S.à.r.l. (parent company of CTEC I GmbH), which equals 97.7% of voting rights; management holds the remainder. The transaction was financed through EUR1.95 billion debt and about EUR1.90 billion sponsor equity, and closed in January 2022. The new capital structure comprises: -- A 6.5-year EUR250 million senior secured RCF; -- A seven-year EUR1.48 billion (equivalent) senior secured term loan B (TLB); and -- An eight-year EUR465 million senior unsecured bond. The ratings are in line with the preliminary ratings we assigned in January. S&P said, "We expect CeramTec's leverage to rise slightly, but the company's metrics should start to gradually improve throughout 2022 as profitability and cash flow increase. We expect the company's adjusted gross debt levels to increase to about EUR2.05 billion (excluding preferred equity certificates [PECs]) in 2022, compared with estimated EUR1.70 billion in 2021. As a result, we expect its S&P Global Ratings-adjusted debt to EBITDA will reach 7.5x by end-2022 (8.5x including PECs) and fall below 7.0x in 2023 (below 8.0x including PECs). This compares with our estimated adjusted debt to EBITDA of about 7.3x for 2021 (with the current capital structure). FFO cash interest coverage should remain around 3.0x in 2022 and 2023. This improvement in credit metrics should mainly stem from very good recovery prospects in both the medical and industrial segments. We believe that revenue growth will have reached about 16% in 2021 and reach about 8% in 2022. We estimate the adjusted EBITDA margin to have grown to about 37% in 2021 and increase to 38.5%-40% in 2022, driven by faster medical expansion, which usually carries a higher margin. "We assess CeramTec as a financial sponsor-related owned entity, given its acquisition by BC Partner and CPPIB. The company's capital structure includes PECs that sit further up the structure outside the restricted group. We consider these instruments debt-like. This is because there are limited transfer restrictions (to third parties of the PECs) and no stapling to equity. There are also step-ups in the yield rate, which ultimately results in interest of more than 15%. When calculating adjusted debt, we consider CeramTec's new debt facilities and then adjust for about EUR5.3 million of leases, EUR13.6 million of trade receivables, about EUR88.4 million of pension-related obligations, and the EUR260 million of PECs. We apply a 100% cash haircut, and consider that the company could follow a shareholder-friendly dividend policy. "We believe that CeramTec's medical business will grow robustly, driven by increasing market penetration of ceramics. We generally consider the company's medical business less prone to economic cycles. However, it was affected by COVID-19 due to the postponement of elective surgeries as COVID-19 patients were prioritized. We have since seen the segment recover very fast as pandemic numbers decrease and surgeries resume. In the first nine months of 2021, CeramTec's medical business recorded a 22% sales increase driven by strong demand from Chinese market, while we do not estimate any slowdown in fourth-quarter 2021 or in 2022 because we expect growth in the other end-markets to gradually accelerate after the pandemic." The growth will be supported by the company's leading position in the ceramic hip replacement components market. CeramTec has a proven ability to deliver high-quality components in large volumes, as one of the few market players globally. High-performance ceramics will continue to increase penetration in the hip replacement market and other implant markets as it is considered more sustainable over other materials such as metal. Furthermore, S&P expects the company to expand outside of the hip market into other implants such as spine, knee, and shoulder. Moreover, the successful completion of the Dentalpoint acquisition should ramp up the broadening of CeramTec's offering, gaining access to the EUR4.6 billion dental market. The industrial segment has rebounded well, despite component shortages in the auto sector. Revenue volumes for the company's industrial segment depend on demand from various end-markets, which are uncorrelated for the most part. They include mobility (auto; generating 29% of revenue in 2020), industrial applications (29%), and electronics (12%). The industrial business grew 17.1% in first-half 2021 on recovery from lower volumes in all key segments, including machinery, electronics, and auto. S&P said, "We should see some pressure from auto over the next 12 months as the industry suffers from component shortages and is forced to pause manufacturing. Beyond then, we do not expect technological shifts in the auto industry to have a negative impact on the company's performance as the share of ceramic components should continue to grow per vehicle. We also take a positive view of the reorganization efforts in the industrial segment that helped to preserve profitability in 2020. We believe that the streamlined industrial business will continue to show resilience, although CeramTec's position as a third-tier supplier might result in limited pricing power. As a result, any pressure from heightened competition could weigh on its performance." Continued positive FOCF through the cycle supports the ratings and indicates business resilience. The company has consistently generated positive FOCF for more than a decade. S&P said, "We see this as a credit strength and believe that CeramTec will be able to carry slightly higher leverage after the transaction on a pro forma basis. Despite a significant decline in volumes in 2020, the company managed EUR34.3 million of FOCF, down from EUR94 million reported in 2019. We estimate FOCF to have improved to about EUR85 million in 2021 and will improve to EUR90 million-EUR100 million in 2022. Our forecast anticipates capital expenditure (capex) increasing to EUR60 million in 2022." S&P said, "Financial policy should remain consistent with the company's historical approach. We do not incorporate any exceptional shareholder distributions into our forecast. We believe that new shareholders will focus on organic growth but also consider acquisitions of a similar magnitude as Dentalpoint. In our forecast we include EUR20 million bolt-ons annually. "The stable outlook reflects our view that the group will deleverage toward 7.5x in 2022 and below 7.0x in 2023 (8.5x and 8.0x, respectively, including PECs that we view as debt-like) and maintain funds from operations (FFO) cash interest coverage of above 2.5x consistently, delivering stable margins and positive FOCF. We also anticipate that new owners will not pursue a more aggressive financial policy, including dividend recapitalization in the next two years. "We could lower the rating if the group's adjusted FFO to cash interest coverage dropped to less than 2.5x, or if, in our view, the group were not able to deleverage below 7.5x excluding PECs (8.5x including PECs) or generate consistently positive FOCF. This could occur if the group's operating performance deteriorated or if it increased leverage through acquisitions or shareholder remuneration. "We are unlikely to upgrade CeramTec given the highly leveraged capital structure. We could raise the rating if the group sustainably reduced adjusted debt to EBITDA below 6.5x (7.5x excluding PECs) while maintaining adjusted FFO cash interest comfortably above 3.0x." Environmental, Social, And Governance ESG credit indicators: E-2, S-2, G-3 S&P said, "Governance factors are a moderately negative consideration in our credit rating analysis of CeramTec. Our assessment of the company's financial risk profile as highly leveraged reflects corporate decision-making that prioritizes the interests of the controlling owners, as is the case for most rated entities owned by private-equity sponsors. Our assessment also reflects their generally finite holding periods and a focus on maximizing shareholder returns." SYNLAB AG: Moody's Affirms 'Ba3' CFR & Alters Outlook to Positive ----------------------------------------------------------------- Moody's Investors Service changed the outlook of Synlab AG (Synlab or the company) and its subsidiary Synlab Bondco PLC to positive from stable. Moody's affirmed the Ba3 long-term Corporate Family Rating and Ba3-PD Probability of Default rating issued at Synlab AG level. Moody's also affirmed the B1 ratings of the EUR500 million senior unsecured revolving credit facility and the EUR735 million senior unsecured term loan A both issued by Synlab AG. Concurrently Moody's affirmed the Ba2 rating of the guaranteed senior secured term loans issued by Synlab Bondco PLC. RATINGS RATIONALE The outlook change to positive reflects the fact that Synlab's continuous good operating performance coupled with a conservative financial policy have resulted in an improvement in credit metrics, that if further sustained over the next quarters, could translate into upward rating pressure. Synlab's current credit metrics are very strong, but are also boosted by an extraordinary COVID-19 testing activity that the rating agency believes is not sustainable - at this level - in the long term. Synlab has reinvested the strong COVID-19 cash flow generated so far internally through capex and M&A that will translate into sustainable EBITDA improvement, a credit positive. Even when assuming a strong reduction of COVID-19 testing revenue by -45% in 2022, another 65% in 2023 and another 20% in 2024, in line with its general assumptions for the European laboratory sector, Moody's believes that Synlab's credit metrics will get close to their upgrade triggers in the next 12-18 months. Moody's estimates the long-term revenue potential from COVID-19 testing to be around 15% of the level reached in 2021. Further underlying improvement will be driven, in the rating agency's projections, by organic growth forecasted by Moody's at 2.5% per annum going forward and M&A financed by cash flow generated internally. A higher rating level would require the company to build a longer track record, over the next 12-18 months, of conservative financial policy in line with its public guidance that is net leverage (under company definition) below 3x and dividend payout ratio of 20-30%. Moody's believes that M&A remains a key growth driver for Synlab. The rating agency has included EUR250 million of bolt-on M&A annually in its model that can be financed by cash flow generated internally. In case a larger acquisition opportunity would arise, Moody's assumes that Synlab will continue to adhere to its net leverage guidance of below 3x. At this stage, Moody's considers that the exposure to the consequences of the Russia-Ukraine crisis is low. Synlab's revenue exposure to Russia is zero and to Ukraine and Belarus is 0.3% at Group level. In terms of cost inflation, since prices are regulated by the different national healthcare authorities, Synlab does not have the ability to pass-on cost inflation to the payors directly. Management indicated however, that historically, healthcare authorities had a tendency to adjust prices gradually to reflect inflation trends. Synlab is a service provider and its largest costs are personal expenses representing around 45% of the cost base while energy costs are small in comparison at around 3% of the cost base (around EUR75 million in absolute terms for 2021). Synlab's ratings are supported by its size as the largest provider of clinical laboratory testing in Europe. The company is also well diversified geographically, a key strength as it limits its exposure to adverse changes in one particular regulatory regime. The ratings are further supported by the defensive nature and positive underlying fundamental trends for demand for clinical laboratory tests and strong barriers to entry. The ratings are constrained by the continuous price pressure in the industry which limits the organic growth and drives the need to achieve economies of scale and efficiency gains to defend margins. The next French 2023-25 triennial tariff agreement will be negotiated in 2022. There are no major tariff adjustments planned for 2022 at this stage in other large European countries. However, there is a risk that pricing pressure could increase over time as European governments grapple with the cost of supporting their economies during the pandemic and since the laboratory sector has strongly benefitted from the reimbursement of COVID-19 tests. OUTLOOK RATIONALE The positive outlook indicates the likelihood of an upgrade in case Synlab's Moody's adjusted debt / EBITDA remains below 3.5x and its Moody's adjusted retained cash flow / net debt stays above 20% sustainably, even in a scenario where CODIV-19 testing activity is significantly reduced from the current level. LIQUIDITY Synlab's liquidity is good supported by (1) EUR443 million cash on balance sheet at year-end 2021, (2) a EUR500 million senior unsecured revolving credit facility fully undrawn at year-end 2021, (3) expected positive free cash flow going forward and (4) long dated maturities with the first maturity in 2026. The documentation of the term loan and the revolving credit facility issued by Synlab AG includes a maintenance covenant (net total leverage < 4.5x, stepping down to 4.0x by year end 2022) tested every six months. ESG CONSIDERATIONS Synlab has an inherent exposure to social risks, given the highly regulated nature of the healthcare industry and its sensitivity to social pressure related to the affordability of and access to healthcare services. Governance risks for Synlab include any potential failure in internal control that could result in a loss of accreditation or reputational damage and, as a result, could harm its credit profile. Despite the fact that Synlab remains majority owned by former PE sponsors including Cinven, Moody's considers that the company has strengthened its financial policy as part of the IPO. The rating agency positively views the more conservative financial policy post IPO with a mid-term target of net debt / EBITDA leverage ratio of below 3.0x and a dividend pay-out ratio of 20-30% of the prior year's net income. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Upward rating pressure could develop if (1) the Moody's adjusted debt / EBITDA stays sustainably below 3.5x and (2) the Moody's adjusted retained cash flow/net debt remains sustainably well above 20% even when considering a CODIV-19 testing activity significantly reduced from the current level. Moody's estimates the long-term revenue potential from COVID-19 testing to be around 15% of the level reached in 2021. Downward rating pressure could develop if (1) the Moody's adjusted debt/EBITDA deteriorates above 4.5x, (2) the Moody's adjusted retained cash flow/net debt declines to below 15%, (3) the free cash flow/debt does not remain in the high single digit area and/or (4) the company adopts more aggressive financial policies in relation to leverage (net debt leverage under company definition above the publicly committed guidance of 3.0x for a prolonged period), shareholder distributions (payout ratio increases sustainably from 20-30% public guidance) and/or liquidity deteriorates (including limited covenant headroom). STRUCTURAL CONSIDERATIONS The EUR735 million senior unsecured term loan A and the EUR500 million senior unsecured revolving credit facility issued by Synlab AG and rated B1 are fully unsecured and do not benefit from any guarantee from operating entities. In the waterfall analysis, they rank behind the guaranteed senior secured term loans rated Ba2 issued by Synlab Bondco PLC. This is because the term loans issued by Synlab Bondco PLC benefit from guarantees from operating companies representing 50% of group's EBITDA and from a security package including shares, bank accounts, receivables and intercompany loans. LIST OF AFFECTED RATINGS: Issuer: Synlab AG Affirmations: LT Corporate Family Rating, Affirmed Ba3 Probability of Default Rating, Affirmed Ba3-PD Senior Unsecured Bank Credit Facility, Affirmed B1 Outlook Actions: Outlook, Changed To Positive From Stable Issuer: Synlab Bondco PLC Affirmations: Senior Secured Bank Credit Facility, Affirmed Ba2 Outlook Actions: Outlook, Changed To Positive From Stable PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Business and Consumer Services published in November 2021. ============= I R E L A N D ============= AURIUM CLO IX: Moody's Assigns B3 Rating to EUR13MM Class F Notes ----------------------------------------------------------------- Moody's Investors Service announced that it has assigned the following definitive ratings to notes issued by Aurium CLO IX Designated Activity Company (the "Issuer"): EUR248,000,000 Class A Senior Secured Floating Rate Notes due 2034, Definitive Rating Assigned Aaa (sf) EUR31,000,000 Class B-1 Senior Secured Floating Rate Notes due 2034, Definitive Rating Assigned Aa2 (sf) EUR10,000,000 Class B-2 Senior Secured Fixed Rate Notes due 2034, Definitive Rating Assigned Aa2 (sf) EUR23,000,000 Class C Senior Secured Deferrable Floating Rate Notes due 2034, Definitive Rating Assigned A2 (sf) EUR29,000,000 Class D Senior Secured Deferrable Floating Rate Notes due 2034, Definitive Rating Assigned Baa3 (sf) EUR20,000,000 Class E Senior Secured Deferrable Floating Rate Notes due 2034, Definitive Rating Assigned Ba3 (sf) EUR13,000,000 Class F Senior Secured Deferrable Floating Rate Notes due 2034, Definitive Rating Assigned 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 has issued 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): 3075 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 ===================== N E T H E R L A N D S ===================== BOELS TOPHOLDING: Fitch Affirms 'BB-' LT IDR, Outlook Stable ------------------------------------------------------------ Fitch Ratings has affirmed Boels Topholding B.V.'s Long-Term Issuer Default Rating (IDR) and its long-term senior secured debt rating at 'BB-'. The Outlook on the IDR is Stable. KEY RATING DRIVERS IDR The IDR reflects Boels' franchise as Europe's second-largest equipment rental company, the long maturity profile of its borrowings and its management's long experience in the sector. It also takes into account Boels' leverage in the wake of the 2020 acquisition of Cramo plc and its recurring need to fund sufficient capex to support a good-quality fleet through the economic cycle while at the same time servicing its associated debt. For 2021 Fitch expects Boels to achieve EBITDA prior to exceptional items of approximately EUR425 million, around 6% ahead of 2020 performance. This was driven by revenue growth of 7%-8%, as customer demand rose and fleet investment, which had been held back in the pandemic, resumed, subject to some supply-chain delays. Reduced interest costs on the 2021 refinancing of Boels' term loans also contributed to returning the company to pre-tax profit, following a small net loss in 2020 after deduction of goodwill amortisation under Dutch GAAP. The goodwill principally relates to Cramo, and gives rise presently to net tangible liabilities, although this should soon be eliminated via profit generation. Boels' EUR179.3 million revolving credit facility and EUR1.45 billion term loan B mature in 2026 and 2027 respectively, removing near-term refinancing risk, subject to compliance with a 6.5x net debt-to-EBITDA covenant. In view of the cash flow-driven nature of Boels' business, Fitch uses EBITDA-based metrics in assessing leverage, and anticipates end-2021 gross debt-to-EBITDA of around 3.3x, a reduction from around 3.8x on completion of the acquisition of Cramo. Boels' capex is moderately discretionary in the short term, enabling the company to conserve liquidity at a time of reduced cash inflows, but requiring reinvestment over the longer term. Boels entered the pandemic with a fairly young inventory. Average fleet age has lengthened during the pandemic, but is expected to reduce on implementation of the 2022 capex budget. The need for capex to maintain a productive fleet gives depreciation some of the characteristics of a recurring operating expense, so Fitch also monitors debt/EBIT as a measure of debt relative to earnings unadjusted for temporary capex variations. This is estimated to be in excess of 10x since the Cramo acquisition. Prior to Covid-19 the equipment rental sector had been growing significantly, as an increasing proportion of end-users in many European markets chose to rent equipment rather than own it. Fitch expects this trend to continue, especially if businesses stretched by the current economic environment have less funding available for their own capital investment. Multi-site operators such as Boels enjoy further advantages over independents in the depth of fleet they are able to stock, as well as in brand recognition, and a wide franchise brings increased purchasing power in procurement and other scale benefits. As a private company, Boels lacks the degree of governance scrutiny typically applied to a public company, but Fitch views positively the family interest in the long-term health of the business, with a record of reinvesting earnings rather than extracting them in dividends, and the expressed intention of continuing this policy in the medium term to aid deleveraging. SENIOR SECURED DEBT Boels' debt is classified as secured, but, in the absence of direct security over operating assets, Fitch rates it in line with Boels' Long-Term IDR (as it would an unsecured obligation), indicating average recovery prospects. RATING SENSITIVITIES Factors that could, individually or collectively, lead to negative rating action/downgrade: -- Material reduction in EBITDA, whether from lower fleet utilisation or from rising costs, resulting in gross debt-to- EBITDA above 6x; -- Insufficient liquidity or access to funding to support the capex required to maintain an attractive, sufficiently young fleet; -- Material impairment of fleet valuations, such as delayed return to positive net tangible equity. Factor that could, individually or collectively, lead to positive rating action/upgrade: -- An upgrade would require a favourable reassessment by Fitch of the strength of Boels' franchise, in addition to maintenance of a gross debt-to-EBITDA ratio below 3.5x on a sustained basis. SENIOR SECURED DEBT The debt ratings are primarily sensitive to a change in Boels' Long-Term IDR. Should Boels introduce any debt secured on operating assets ranking above rated instruments (or a subordinated tranche below them), Fitch could notch the debt ratings down (or up) from the Long-Term IDR, on the basis of weaker (or stronger) recovery prospects. 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. 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. DEBT RATING PRIOR ---- ------ ----- Boels Topholding B.V. LT IDR BB- Affirmed BB- senior secured LT BB- Affirmed BB- =========== R U S S I A =========== [*] RUSSIA: Senate Votes in Favor of Removing PRNR Status --------------------------------------------------------- Patricia Zengerle at Reuters reports that the U.S. Congress voted to impose further economic pain on Russia over the invasion of Ukraine on April 7, passing one measure to remove its "most favored nation" trade status and another to ban oil imports. The Senate voted 100-0 in favor of the measure removing Permanent Normal Trade Relations (PNTR) status for both Russia and its close ally Belarus, Reuters relates. Shortly afterward, it backed the energy measure, also by a 100-0 tally, Reuters notes. Senate approval sent the legislation to the House of Representatives, which quickly passed the trade measure by 420 to 3, and the energy legislation by 413 to 9, Reuters discloses. President Joe Biden supports the measures and will sign them into law, White House press secretary Jen Psaki told reporters, Reuters relates. The trade bill clears the way for Biden's administration to raise tariffs on imports from Russia and Belarus, Reuters notes. The energy measure puts into law Biden's previous executive order banning imports of Russian oil, natural gas and coal, Reuters states. "This package is about bringing every tool of economic pressure to bear on (Russian President) Vladimir Putin and his oligarch cronies. Putin's Russia does not deserve to be a part of the economic order that has existed since the end of World War Two," Reuters quotes Senator Ron Wyden, chairman of the Senate Finance Committee, as saying in a statement. ========= S P A I N ========= AZUL MASTER: Fitch Affirms BB+ Rating on Class C 2020-1 Tranche --------------------------------------------------------------- Fitch Ratings has affirmed WiZink Master Credit Cards (WiZink MCC) and aZul Master Credit Cards (aZul MCC). DEBT RATING PRIOR ---- ------ ----- Wizink Master Credit Cards, FT Class A2019-02 ES0305279103 LT A+sf Affirmed A+sf Class A2019-03 ES0305279129 LT A+sf Affirmed A+sf aZul Master Credit Cards DAC Class A 2020-1 XS2208978341 LT Asf Affirmed Asf Class C 2020-1 XS2208978770 LT BB+sf Affirmed BB+sf TRANSACTION SUMMARY WiZink MCC and aZul MCC are Spanish credit card receivables securitisation programmes. WiZink MCC has two series of notes outstanding for a combined balance of EUR312 million and aZul MCC has one series of notes outstanding with a balance of EUR273.5 million as of February 2022. The notes are collateralised by a pool of receivables originated by WiZink Bank S.A. (WiZink, not rated). For aZul MCC, the portfolio is also collateralised by a pool of receivables originated by Barclaycard, and purchased by WiZink in 2016. KEY RATING DRIVERS Usury Claims, Potential Set-off Risk Cap Ratings: Given the persistent high degree of uncertainty surrounding the amount of usury set-off risk that could materialise over time, Fitch is maintaining the notes' rating cap at the 'A' category. While WiZink has repurchased to date assets with claims from the SPVs, as per the documentation, Fitch does not maintain a credit view on Wizink that allows it to derive any benefit from the bank's commitment at higher rating levels. This may directly expose the trusts to borrower claims and ensuing set-off risk. The Spanish Supreme Court concluded in March 2020 that the 26.8% annual rate charged by WiZink on a specific credit card contract was usurious according to Spanish Usury Law of 1908, as it was materially above the market average rate of around 20%. This contract was therefore considered invalid, resulting in the customer only being obliged to pay Wizink the drawn principal amount, while the bank was mandated to reimburse all interest and fees paid by the customer from the contract start date. Asset Assumptions Unchanged: Fitch has maintained its analytical assumptions from the last review, in light of the transactions' record and broadly stable asset performance outlook. Downside performance risks have increased due to rising inflation, which may put pressure on household financing especially for weaker borrowers. However, Fitch expects the portfolios' performance to be consistent with Fitch's long-term steady state assumptions. With respect to charge offs, Fitch has maintained its steady state assumption of 8.0% on WiZink MCC; For aZul MCC, it has maintained its steady state of 13% for the Barclaycard-originated portfolio (around 60% of outstanding balance), and 8.0% for the WiZink-originated portfolio. The charge off multiples for higher stresses range between 2.6x and 3.8x at the 'A' category. Fitch has also maintained the monthly payment rate (MPR) assumptions at 14% on the Wizink originated portfolio under the two programmes, and 8% for the Barclaycard-originated portfolio. The MPR haircuts for higher stresses range between 40% and 52% at the 'A' category. Fitch has maintained its steady state yield and purchase rate assumptions at 18% and 90%, respectively, for both programmes, with the associated haircuts at the 'A' category rating unchanged in the range of 27-29% and 75%-77%. Payment Interruption Risk Mitigated: Payment interruption risk is mitigated for the class A notes of WiZink MCC and aZul MCC by the respective dedicated cash reserves that cover for senior fees and class A interest amounts in a servicer disruption scenario. Fitch expects WiZink to continue performing its functions as the seller and servicer of the trusts under a base scenario. In addition, transaction documents provide well-defined collections and borrower notification processes, and the SPV management company operates as a back-up servicer facilitator in a disruption scenario, which should find a replacement servicer within 60 calendar days upon a termination event. aZul MCC class C notes' rating remains capped at 'BB+sf' in accordance with Fitch's Global Structure Finance Rating Criteria, considering the prolonged period of interest deferrals under Fitch's cash flow modelling. This class of notes do not have access to the dedicated liquidity reserve, while interest deferral is permitted under the transaction documentation. Wizink Master Credit Cards, FT has an ESG Relevance Score of '5' for Rule of Law, Institutional and Regulatory Quality due to potential set-off risk arising from an increase in Usury Law related claims, which has a negative impact on the credit profile, and is highly relevant to the rating, resulting in a change to the rating of at least one notch. aZul Master Credit Cards DAC has an ESG Relevance Score of '5' for Rule of Law, Institutional and Regulatory Quality due to potential set-off risk arising from an increase in Usury Law related claims, which has a negative impact on the credit profile, and is highly relevant to the rating, resulting in a change to the rating of at least one notch. RATING SENSITIVITIES Factors that could, individually or collectively, lead to negative rating action/downgrade: -- The ratings could be downgraded if usury claims received by WiZink are higher than Fitch's current expectations. -- Long-term asset performance deterioration, such as increased charge-offs, reduced MPR or reduced portfolio yield, which could be driven by changes in portfolio characteristics, macroeconomic conditions, business practices, credit policy or legislative landscape, would contribute to negative revisions of Fitch's asset assumptions, which could lead to negative rating action. Higher inflation, larger unemployment and lower economic growth than Fitch's current forecast as disclosed in the Global Economic Outlook - March 2022 could impact the borrowers' ability to pay of credit card debt. Factors that could, individually or collectively, lead to positive rating action/upgrade: -- The ratings could be upgraded by one to two notches if Fitch sees the evolution of usury claims remaining well below expectations for a sustained period, provided there is additional certainty that future claims will remain manageable for the bank, all else being equal. -- Long-term asset performance improvement, such as reduced charge-offs, increased MPR or increased portfolio yield, which could be driven by changes in portfolio characteristics, macroeconomic conditions, business practices, credit policy or legislative landscape, would contribute to positive revisions of Fitch's asset assumptions, which could positively affect the ratings. BEST/WORST CASE RATING SCENARIO International scale credit ratings of Structured Finance transactions have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of seven notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of seven notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings are based on historical performance. DATA ADEQUACY aZul Master Credit Cards DAC, Wizink Master Credit Cards, FT Fitch has checked the consistency and plausibility of the information it has received about the performance of the asset pools and the transactions. Fitch has not reviewed the results of any third party assessment of the asset portfolio information or conducted a review of origination files as part of its ongoing monitoring. Form ABS Due Diligence-15E was not provided to, or reviewed by, Fitch in relation to this rating action Prior to the transactions closing, Fitch reviewed the results of a third party assessment conducted on the asset portfolio information and concluded that there were no findings that affected the rating analysis. Prior to the transactions closing, Fitch conducted a review of a small targeted sample of the originator's origination files and found the information contained in the reviewed files to be adequately consistent with the originator's policies and practices and the other information provided to the agency about the asset portfolio. Overall, and together with any assumptions referred to above, Fitch's assessment of the information relied upon for the agency's rating analysis according to its applicable rating methodologies indicates that it is adequately reliable. ESG CONSIDERATIONS Wizink Master Credit Cards, FT has an ESG Relevance Score of '5' for Rule of Law, Institutional and Regulatory Quality due to potential set-off risk arising from an increase in Usury Law related claims, which has a negative impact on the credit profile, and is highly relevant to the rating, resulting in a change to the rating of at least one notch. aZul Master Credit Cards DAC has an ESG Relevance Score of '5' for Rule of Law, Institutional and Regulatory Quality due to potential set-off risk arising from an increase in Usury Law related claims, which has a negative impact on the credit profile, and is highly relevant to the rating, resulting in a change to the rating of at least one notch. 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. BROOKFIELD SLATE III: Moody's Assigns 'B2' CFR, Outlook Stable -------------------------------------------------------------- Moody's Investors Service assigned a B2 Corporate Family Rating and a B2-PD Probability of Default Rating to Brookfield Slate Holdings III Limited (Cupa). Concurrently, Moody's assigned a B2 rating to the senior secured EUR480 million term loan B with 7 years maturity and senior secured EUR100 million revolving credit facility with 6.5 years tenor. The outlook on the ratings is stable. The new financing, in combination with common equity, will be used to fund the acquisition by a fund owned by Brookfield Slate Holdings III Limited from current shareholders Carlyle Group, and to cover transaction related fees and expenses. The sale is expected to close and fund in Q2 2022. RATINGS RATIONALE Cupa's B2 CFR is primarily supported by (1) its leading position in the niche premium roofing slate market, (2) non-discretionary nature of demand for roofing products and high share of renovation activities that partly shield the company from economic shocks, (3) 80% of demand coming from regulated areas where there is very limited ability to substitute slate roof tiles, (4) Moody's expectation of positive free cash flow generation supported by solid profitability, modest maintenance capex and working capital needs; (5) positive market fundamentals thanks to increasing focus on energy efficient renovation, with slate roof tiles production using less energy than clay or concrete roof tiles, and (6) experienced management team. At the same time the rating is constrained by (1) relatively high opening leverage with Moody's adjusted debt/EBITDA expected at around 6.0x pro-forma for the new capital structure, (2) its exposure to economical construction cycles partly mitigated by a high share of renovation activities; (3) expected flattish demand for slate tiles over the next 12-18 months after the pull forward effect in 2021 boosted by increasing spending in renovation following the outbreak of the pandemic; (4) competition from substitute products that are 30-40% cheaper, namely in the unregulated segment; and (5) rising energy costs that could put pressure on profitability in the short term, albeit to a lower extent than for clay or concrete roof tiles and mitigated by a proven ability to increase prices. Moody's adjusted opening leverage is around 6.0x as of December 2021 pro forma for the transaction and the full year effect of acquisitions, but before any future synergies and expected cost savings to be realized over the next 24 months. Moody's expect leverage to decline towards 5.5x in 2022 driven by a slight reduction in adjusted debt and a higher EBITDA generation. Cupa's leading position in the slate tiles industry and number two position in the UK roofing distribution market will support revenue growth in the high single digit range mainly reflecting price increases and broadly stable volume. Although the absolute amount of EBITDA will increase in 2022, Moody's expect Cupa's EBITDA margin to decline by roughly 100 basis point in 2022 from around 22% in 2021 reflecting rising energy and fuel prices as well as Moody's expectation of lower margins in the distribution business. These will be partly offset by price increases and synergies of around EUR5 million (EUR10.5 million realized in 2021) from the acquisitions closed over the past two years. The reduction of leverage will also be supported by the progressive repayment of the EUR39 million earnouts liability as of March 2022 that is included in Moody's gross debt. Moody's expect margins will improve from 2023 supported by high operational leverage and price increases in line with historical levels, supporting further reduction in leverage. Solid margins, modest capex needs (6% of sales) and disciplined working capital management will support positive FCF of around EUR25 million on average over the next two years. The rating is also supported by the increasing focus on energy efficient renovation that will support demand for slates product for the years to come. Natural slate is the most sustainable roofing material thanks to its less energy intensive manufacturing process, longer useful life and better insulation capacity compared to fiber cement, clay and concrete (life cycle emission outputs are 50-80% lower than substitute products). However, broad based use of slate roof tiles is somewhat restricted by slate reserves being predominantly available only in Spain. Yet, these features position slate tiles to benefit from the increasing focus on the reductions of buildings' emission namely in France where the RE2020 has come into effect in 2022 placing limits on lifecycle of building materials with the requirement of reducing emission from material and construction by 30%. Cupa's slate tile business is complemented by a strong market position in roofing products distribution in the UK. Given the low asset intensity of that business cash generation is relatively strong despite the diluting effect on the margins of Cupa' slate tiles division. STRUCTURAL CONSIDERATIONS The new EUR480 million term loan B and the new EUR100 million RCF are rated in line with the CFR. The instruments are senior secured, share the same security package, rank pari passu and are guaranteed by a group of companies representing at least 80% of the consolidated group's EBITDA. Borrower of these instruments is the top entity of the restricted group Brookfield Slate Holdings III Limited. Moody's have considered the security package, consisting of shares, bank accounts and intragroup receivables, as limited and have used a recovery rate of 50%, reflecting the covenant-lite capital structure. LIQUIDITY Moody's views Cupa's liquidity position as adequate. This is supported by a cash on balance sheet of EUR25 million, pro forma for the transaction, and a sizeable new and fully undrawn senior secured revolving credit facility (RCF) of EUR100 million maturing in 2028. The liquidity profile is further supported by around EUR70 million fund from operations that will be sufficient to cover basic cash needs, including around EUR25 million capex and EUR20 million earn outs payment related to acquisitions. There are no major debt maturities until 2028. The company's liquidity profile is characterized by the existence of a springing covenant (with ample capacity) to be tested only when the RCF is drawn by more than 40% with a net leverage text of 10.5x. ENVIRONMENTAL, SOCIAL AND GOVERNANCE CONSIDERATIONS Moody's considers the impact of ESG factors when assessing companies' credit quality. Social risks are not material for Cupa. Environmental issues are a benefiting factor to Cupa's credit profile, given the focus of European governments around energy efficiency of buildings. The company's end markets will continue to benefit from the regulatory push for renovation of building stock and increasing focus on the reductions of buildings' emission for the foreseeable future. In terms of governance, Cupa is a company fully owned by the private equity firm Brookfield. The financial policy is fairly aggressive, as illustrated by the high starting leverage, but with a stated commitment to deleverage the balance sheet. Over the past years, the company's growth strategy has been supported by several bolt-on acquisitions mainly funded by positive FCF and Moody's expects the company will continue to pursue this strategy. OUTLOOK The stable outlook reflects Moody's expectations that in the next 12-18 months, Cupa will be able to grow organically in the mid-to-high single digit in percentage terms and maintain broadly stable margins, which should support a gradual deleveraging of Moody's adjusted debt/EBITDA to below 5.5x. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Upward pressure on the ratings could develop if Cupa is able to (1) improve its Moody's adjusted debt/EBITDA ratio reducing towards 4.5x on a sustainable basis, (2) improve profitability with Moody's adjusted operating margins towards the mid-teens and (3) positive Moody's adjusted free cash flow with a good liquidity profile. Downward pressure on the ratings could arise if (1) Cupa's leverage increases above 6.0x after 18 months, (2) its profitability deteriorates with operating profit margin declining to below 10% and (3) its Moody's adjusted free cash flow turns negative or its liquidity position weakens. LIST OF AFFECTED RATINGS: Issuer: Brookfield Slate Holdings III Limited Assignments: LT Corporate Family Rating, Assigned B2 Probability of Default Rating, Assigned B2-PD Senior Secured Bank Credit Facility, Assigned B2 Outlook Actions: Outlook, Assigned Stable PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Building Materials published in September 2021. COMPANY PROFILE Headquartered in Spain, Cupa is the global leader in premium slate roofing products. The company operates three business segments: Cupa Slate, leading integrated global producer of premium natural slate tiles; Burton Roofing, second largest roofing distributor in the UK; and Cupa Stone, distributor of natural stone in Southern Europe. Cupa generates most of its revenue in Europe, mainly in the UK and France . The company reported EUR415 million revenue pro-forma acquisitions in 2021. =========================== U N I T E D K I N G D O M =========================== BROOKFIELD SLATE: S&P Puts Preliminary 'B' Ratings, Outlook Stable ------------------------------------------------------------------ S&P Global Ratings assigned its preliminary 'B' long-term ratings to Cupa Group's intermediate parent company, Brookfield Slate Holdings III, and to the proposed EUR480 million term loan B, with a '3' recovery rating. The stable outlook reflects S&P's view that Cupa will continue benefiting from supportive end-markets, while integrating its recent acquisitions, with debt to EBITDA below 6.5x. Investment firm Brookfield Asset Management is acquiring Cupa Group, a Spain-based leading manufacturer of premium slate roofing products that generated sales of about EUR400 million in 2021, from Carlyle. As part of this transaction, Cupa intends to raise a new term loan B and refinance its capital structure. In January 2022, investment firm Brookfield Asset Management agreed to acquire Cupa Group from Carlyle. As part of the transaction, Cupa Group plans to issue: -- A EUR480 million term loan B. -- A EUR100 million revolving credit facility. -- S&P understands that part of the equity is made of preference shares, which meet its criteria for equity treatment. Cupa Group is the global leader in the production of premium roofing slate. It is also the second-largest specialist roofing distributor in the U.K. with Burton Roofing, behind SIG PLC (B+/Stable/--). S&P said, "We understand that most of the European slate market focuses on premium roofing slate tiles, where Cupa is present. Low-quality slate tiles are mainly produced outside Europe and may not be certified for the European market, which increases barriers of entry in our view. In addition, most slate tiles are replaced by other slate tiles or tiles of the same colors, because roof composition is often protected by local regulation owing to historical and aesthetic norms." S&P said, "We believe that Cupa has good visibility and control over its raw materials. More than 80% of roofing slate reserves in the world are in Spain. As the leader of natural slate, Cupa manages a majority of Spanish slate reserves across 20 quarries and 24 plants. The quarries have over 75 years of average remaining life. We see the group's profitability as above average, with an EBITDA margin of over 22%, which is boosted by the higher margins in the Cupa Slate segment. The manufacturing process of slate does not require significant energy costs, unlike clay or cement. With its distribution business, the group also enjoys vertical integration in the U.K." Cupa is one of the smallest rated companies in the building materials sector, with sales of over EUR400 million. The group has expanded in recent years through organic growth and bolt-on acquisitions such as Pizarras Callegas, Proinor, Rinus, and Lomba. It serves mainly Western Europe countries, such as France, Germany, the U.K. and Spain. There is also business concentration in the slate tiles, which represent a large portion of EBITDA. We see limited organic growth prospect or even a slight decline for the slate tiles market, given the stable renovation market, the mature penetration rate of slate, and the urbanization trend. Mitigating the limited scope and scale, Cupa is mainly exposed to the renovation end-market, which is less cyclical than the new building end-market. S&P said, "We forecast free operating cash flow (FOCF) of over EUR20 million in 2022-2023. We forecast capex of about EUR35 million in 2022 and EUR30 million in 2023. Annual maintenance capex represents about 6% of sales, which is slightly higher than the average for the building material sector, and relates mainly to clearance works in mining operations and machinery replacement. We also do not assume material working capital movement. "We see the financial risk profile as highly leveraged. Adjusted leverage at closing is about 6.3x, based on 2021 EBITDA. We forecast a slight reduction in 2022-2023 as EBITDA improves on pricing initiatives and synergies already executed on acquired entities. Although we do not deduct cash from debt in our calculation owing to Cupa's private-equity ownership, we expect cash could be partly used to fund bolt-on mergers and acquisitions (M&A) or shareholder remuneration." In the next couple of years, the financial sponsor's commitment to maintaining financial leverage sustainably below 5.0x would be necessary for rating upside. Cupa does not have material exposure to Russia or Ukraine. Sales in Russia and Ukraine are less than EUR1 million, and the company does not have suppliers from these countries. S&P said, "We expect limited direct disruptions from the conflict. The slate production is not energy intensive, and oil and gas represents a minor portion of Cupa's cost structure. In our view, consumer confidence could weaken in the medium term, and inflationary pressure could indirectly stress volumes sold." The final ratings will depend on our receipt and satisfactory review of all final documentation and final terms of the transaction. The preliminary ratings should therefore not be construed as evidence of the final ratings. If S&P does not receive the final documentation within a reasonable time, or if the final documentation and terms of the transaction depart from the materials and terms reviewed, it reserves the right to withdraw or revise the ratings. Potential changes include, but are not limited to, use of the proceeds, maturity, size, and conditions of the facilities, financial and other covenants, security, and ranking. The stable outlook reflects S&P's view that Cupa will continue benefiting from supportive end-markets while integrating its recent acquisitions, with debt to EBITDA below 6.5x. S&P could lower the ratings if: -- The group experienced severe margin pressure or operational issues, leading to much lower FOCF and adjusted EBITDA margin below 18%. -- Adjusted debt to EBITDA remained above 6.5x over a prolonged period. -- Liquidity pressure arose. Cupa and its sponsor were to follow a more aggressive strategy with regard to higher leverage or shareholder returns. In S&P's view, the probability of an upgrade over its 12-month rating horizon is limited, reflecting the group's high leverage. Private equity ownership could increase the possibility of higher leverage or shareholder returns. For this reason, S&P could consider raising the rating if: -- Adjusted debt-to-EBITDA reduced consistently to below 5x; -- Funds from operations (FFO) to debt increased consistently to above 12%; and -- Cupa and its owners showed commitment to lowering and maintaining leverage metrics at these levels. ESG credit indicators: E-2, S-2, G-3 S&P said, "Governance is a moderately negative consideration in our credit rating analysis of Cupa, as for most rated entities owned by private-equity sponsors. We believe the company's highly leveraged financial risk profile points to corporate decision-making that prioritizes the interests of the controlling owners. This also reflects generally finite holding periods and a focus on maximizing shareholder returns. Environmental and social factors have an overall neutral influence on our credit rating analysis. Cupa's carbon dioxide emissions are relatively limited compared with those of heavy building materials manufacturers. Unlike clay tiles or cement, the production of slate tiles requires minimal intermediary products, water, and gas." CORBIN & KING: King Refused Minor's Offer to Recapitalize Firm -------------------------------------------------------------- Alice Hancock at The Financial Times report that the Thai hotel group that won full control of London's Wolseley and Delaunay restaurants has accused their original co-founder Jeremy King of refusing its offer to recapitalise the business, leaving it with no option but to launch a "last resort" sale. Minor Hotel Group became outright owners of Corbin & King, which owns the two restaurants and seven others, on April 1 after a fraught late-night auction, the FT recounts. According to the FT, Minor said that King appointed insolvency practitioners to value the business early in the pandemic without Minor's knowledge, a move confirmed by a person close to Corbin & King's board. At the time, Minor owned 74% of the company, the FT notes. Minor said it had forgiven GBP38 million of loans to Corbin & King for 20 months as it tried to persuade King to agree to a recapitalisation that involved King relinquishing some of his operational control, the FT relates. It said it put Corbin & King into administration in January as a measure of "last resort" after failing to reach any agreement, according to the FT. "We tried to work out many solutions but [King] continuously refused," the FT quotes Dillip Rajakarier, Minor's chief executive, as saying in an interview. "He didn't want to accept cash from Minor to recapitalise the business." The nine restaurants in the Corbin & King group, which also include Soutine in St John's Wood and Colbert on Sloane Square, have become London stalwarts since King and his partner Chris Corbin established the Wolseley in 2003. Diners have included Joan Collins and the Beckhams, while Lucien Freud dined most nights at the Wolseley until his death in 2011. Messrs. King and Corbin left the business immediately after the auction, the FT discloses. Minor's campaign to take full control of the company resulted in a bid of almost GBP70 million for the business including debt, the FT relays, citing two people with knowledge of the process. DEBENHAMS: Sacked Workers to Get GBP350,000 After Court Ruling -------------------------------------------------------------- Gordon Blackstock at Daily Record reports that dumped Debenhams workers have won a GBP350,000 legal battle, with lawyers warning that other firms who sack staff could be next. According to Daily Record, more than 100 of the department store workers lodged an employment tribunal claim after the shop shut its door last year. Some former shop workers complained they were told their careers at the retail giant were over in heartless text messages and Zoom calls on the same day the business stopped trading, Daily Record notes. Legal firm Thompsons started legal proceedings after the firm failed to consult workers that their jobs were at risk and give them 30 days' notice, Daily Record relates. An employment tribunal ruled in their favour and made the six-figure award for workers, which equates to eight weeks' work, Daily Record discloses. The "protective award" pay-outs are on top of statutory redundancy payments the sacked workers have received, Daily Record notes. The bill will be footed by the taxpayer because Debenhams went bust, Daily Record states. Debenhams, once one of the country's success stories, made 647 Scottish workers redundant when it said it wouldn't reopen after lockdown restrictions eased and shops were allowed to reopen, Daily Record recounts. It had gone into administration twice in recent years before calling in liquidators and selling the brand to online fast fashion giant Boohoo, Daily Record relates. DOWSON 2022-1: S&P Assigns B- (sf) Rating to Class F Notes ---------------------------------------------------------- S&P Global Ratings assigned its credit ratings to Dowson 2022-1 PLC's asset-backed floating-rate class A, B, C, D, E, F-Dfrd, and X-Dfrd notes. The class X-Dfrd notes are excess spread notes. The proceeds from the class X-Dfrd notes were used to fund the initial required cash reserves, the premium portion of the purchase price, and pay certain issuer expenses and fees. Dowson 2022-1 is the fifth public securitization of U.K. auto loans originated by Oodle Financial Services Ltd. S&P also rated the first four securitizations, Dowson 2019-1 PLC, Dowson 2020-1, Dowson 2021-1 PLC, and Dowson 2021-2 PLC, which closed in September 2019, March 2020, April 2021, and October 2021, respectively. Oodle is an independent auto lender in the U.K., with a focus on used car financing for prime and near-prime customers. The underlying collateral comprises U.K. fully amortizing fixed-rate auto loan receivables arising under hire purchase (HP) agreements granted to private borrowers resident in the U.K. for the purchase of used and new vehicles. There are no personal contract purchase (PCP) agreements in the pool. Therefore, the transaction is not exposed to residual value risk. About 5.8% of the pool are multi-part agreements that include certain add-on components, which covers for insurance, warranties, and refinancing of amounts owed by the obligor under any pre-existing HP, lease, or other auto finance agreement, which is terminated by the obligor in connection with its entry into a new agreement. The add-on components form about 0.46% of the pool. Collections are distributed monthly with separate waterfalls for interest and principal collections, and the notes amortize fully sequentially from day one. A dedicated reserve ledger for each class A, B, C, D, E, and F-Dfrd notes is in place to pay interest shortfalls for the respective class over the transaction's life, any senior expense shortfalls (including servicing fees and swap costs), and once the collateral balance is zero or at legal final maturity, to cure any principal deficiencies. The class A dedicated reserve ledger can be used to cure any class A principal deficiency before the legal final maturity date. The required reserve amount for each class amortizes in line with the outstanding note balance. A combination of note subordination, the class-specific cash reserves, and any available excess spread provides credit enhancement for the rated notes. Commingling risk is partially mitigated by sweeping collections to the issuer account within two business days, and a declaration of trust is in place over funds within the collection account. However, due to the lack of minimum required ratings and remedies for the collection account bank, we have assumed one week of commingling loss in the event of the account provider's insolvency. Although the originator is not a deposit-taking institution, there are eligibility criteria preventing loans to Oodle employees from being in the securitization, and Oodle has not underwritten any insurance policies for the borrowers. The add-on product may give rise to potential for setoff risk between the borrower and the seller, which may be subject to claims under section 75 CCA for any breach of contract or misrepresentation although Oodle would normally have a claim against the dealer in such scenario. S&P said, "We have received satisfactory legal comfort that the add-on portion used to refinance any pre-existing HP agreement does not give rise to any setoff risk. In our analysis, we have considered a setoff loss for the add-on portion, which is used to cover for insurance, warranties, or paint protection products, which forms 0.25% of the pool." Oodle is the initial servicer of the portfolio. A moderate severity and portability risk along with a moderate disruption risk initially caps the maximum potential ratings on the notes at 'AA' in the absence of a back-up servicer. However, following a servicer termination event, including insolvency of the servicer, the back-up servicer, Equiniti Gateway Ltd., will assume servicing responsibility for the portfolio. S&P said, "We have therefore incorporated a three-notch uplift, which enables the transaction to achieve a maximum potential rating of 'AAA' under our operational risk criteria. Therefore, our operational risk criteria do not constrain our ratings on the notes." The assets pay a monthly fixed interest rate, and all notes pay compounded daily sterling overnight index average (SONIA) plus a margin subject to a floor of zero. Consequently, these classes of notes benefit from an interest rate swap with a fixed amortization profile, with an option to rebalance subject to satisfaction of certain conditions. Interest due on all classes of notes, other than the most senior class of notes outstanding, is deferrable under the transaction documents. Once a class becomes the most senior, interest is due on a timely basis. S&P said, "However, although interest can be deferred, our ratings on the class A, B, C, D, and E notes address timely payment of interest and ultimate payment of principal. Our ratings on the class F-Dfrd and X-Dfrd notes address the ultimate payment of interest and ultimate payment of principal." The transaction also features a clean-up call option, whereby on any interest payment date when the outstanding principal balance of the assets is less than 10% of the initial principal balance, the seller may repurchase all receivables, provided the issuer has sufficient funds to meet all the outstanding obligations. Furthermore, the issuer may also redeem all classes of notes at their outstanding balance together with accrued interest on any interest payment date on or after the optional redemption call date in May 2025. S&P said, "Our ratings in the transaction are not constrained by our structured finance sovereign risk criteria. The remedy provisions adequately mitigate counterparty risk in line with our counterparty criteria. The legal opinions adequately address any legal risk in line with our criteria." Preliminary Ratings CLASS RATING* AMOUNT (MIL. GBP) A AAA (sf) 186.00 B AA (sf) 31.50 C A (sf) 28.60 D BBB (sf) 15.70 E BB (sf) 12.90 F-Dfrd B- (sf) 11.50 X-Dfrd† CCC (sf) 14.30 *S&P's ratings on the class A, B, C, D, and E notes address the timely payment of interest and ultimate payment of principal, while its ratings on the class F-Dfrd and X-Dfrd notes address the ultimate payment of both interest and principal no later than the legal final maturity date. DOWSON PLC 2022-1: Moody's Assigns B3 Rating to GBP11.5MM F Notes ----------------------------------------------------------------- Moody's Investors Service has assigned the following definitive ratings to Notes issued by Dowson 2022-1 plc: GBP186.0M Class A Floating Rate Notes due January 2029, Definitive Rating Assigned Aaa (sf) GBP31.5M Class B Floating Rate Notes due January 2029, Definitive Rating Assigned Aa1 (sf) GBP28.6M Class C Floating Rate Notes due January 2029, Definitive Rating Assigned A1 (sf) GBP15.7M Class D Floating Rate Notes due January 2029, Definitive Rating Assigned Baa3 (sf) GBP12.9M Class E Floating Rate Notes due January 2029, Definitive Rating Assigned Ba2 (sf) GBP11.5M Class F Floating Rate Notes due January 2029, Definitive Rating Assigned B3 (sf) GBP14.3M Class X Floating Rate Notes due January 2029, Definitive Rating Assigned Ba3 (sf) RATINGS RATIONALE The Notes are backed by a static pool of United Kingdom auto finance contracts originated by Oodle Financial Services Limited ("Oodle", NR). This represents the fifth issuance sponsored by Oodle. The originator will also act as the servicer of the portfolio during the life of the transaction. The portfolio of auto finance contracts backing the Notes consists of Hire Purchase ("HP") agreements granted to individuals resident in the United Kingdom. Hire Purchase agreements are a form of secured financing without the option to hand the car back at maturity. Therefore, there is no explicit residual value risk in the transaction. Under the terms of the HP agreements, the originator retains legal title to the vehicles until the borrower has made all scheduled payments required under the contract. The portfolio of assets amount to approximately 286.2 million as of March 14, 2022 pool cut-off date. The portfolio consisted of 26,586 contracts originated over the past 5 years and predominantly financing used vehicules (99.5%). The contracts are distributed through national and regional dealers as well as brokers. The portfolio has a weighted average seasoning of 3.2 months. The ratings are primarily based on the credit quality of the portfolio, the structural features of the transaction and its legal integrity. The transaction's main credit strengths are the significant excess spread, the static and granular nature of the portfolio, and counterparty support through the back-up servicer (Equiniti Gateway Limited (NR)), interest rate hedge provider (BNP Paribas (Aa3(cr)/ P-1(cr)) and independent cash manager (Citibank N.A., London Branch (Aa3(cr)/ P-1(cr)). The structure contains specific cash reserves for each asset-backed tranche which cumulatively equal 1.17% of the pool and will amortise in line with the notes. Each tranche reserve will be available to cover liquidity shortfalls related to the relevant Note throughout the life of the transaction as well as senior expenses and payments to swap provider. They can also serve as credit enhancement following the tranche's repayment. In addition to that, the Class A reserve fund is also available to cure Class A PDL amounts, and provides approximately 4.9 months of liquidity at the beginning of the transaction. The portfolio has an initial yield of 15.8% (excluding fees). Available excess spread can be trapped to cover defaults and losses, as well as to replenish the tranche reserves to their target level through the waterfall mechanism present in the structure. Moody's determined the portfolio lifetime expected defaults of 14%, expected recoveries of 30% and portfolio credit enhancement ("PCE") of 37.5% related to borrower receivables. The expected defaults and recoveries capture our expectations of performance considering the current economic outlook, while the PCE captures the loss Moody's expect the portfolio to suffer in the event of a severe recession scenario. Expected defaults and PCE are parameters used by Moody's to calibrate its lognormal portfolio loss distribution curve and to associate a probability with each potential future loss scenario in its ABSROM cash flow model. Portfolio expected defaults of 14% is higher than the UK auto transactions and is based on Moody's assessment of the lifetime expectation for the pool taking into account (i) the higher average risk of the borrowers, (ii) historical performance of the book of the originator, (iii) benchmark transactions, and (iv) other qualitative considerations. Portfolio expected recoveries of 30% is in line with the UK auto transaction average and is based on Moody's assessment of the lifetime expectation for the pool taking into account (i) historical performance of the originator's book, (ii) benchmark transactions, and (iii) other qualitative considerations. PCE of 37.5% is higher than the EMEA Auto ABS average and is based on Moody's assessment of the pool which is mainly driven by (i) the relative ranking to originator peers in the UK market and (ii) the weighted average current loan-to-value of 95.9% which is worse than the sector average. The PCE level of 37.5% results in an implied coefficient of variation ("CoV") of 35.6%. The principal methodology used in these ratings was 'Moody's Global Approach to Rating Auto Loan- and Lease-Backed ABS' published in September 2021. Factors that would lead to an upgrade or downgrade of the ratings: Factors that would lead to an upgrade of the ratings of Class C - X Notes include significantly better than expected performance of the pool together with an increase in credit enhancement of Notes. The Class B Note is capped at Aa1 (sf), due to Moody's operational risk assessment of the current securitization structure. Factors that would lead to a downgrade of the ratings include: (i) increased counterparty risk leading to potential operational risk of (a) servicing or cash management interruptions and (b) the risk of increased swap linkage due to a downgrade of swap counterparty ratings; and (ii) economic conditions being worse than forecast resulting in higher arrears and losses. EQUITY RELEASE 5: Fitch Affirms BB+ Rating on Class C Notes ----------------------------------------------------------- Fitch Ratings has affirmed Equity Release Funding No. 5 Plc's (ERF5) notes, as follows: DEBT RATING PRIOR ---- ------ ----- Equity Release Funding No.5 Plc Class A XS0225883387 LT AAsf Affirmed AAsf Class B XS0225883973 LT Asf Affirmed Asf Class C XS0225884278 LT BB+sf Affirmed BB+sf TRANSACTION SUMMARY The transaction is a securitisation of UK equity release mortgages originated by Aviva UK Equity Release Ltd. KEY RATING DRIVERS Resilient to Stressed Scenarios: Fitch tested scenarios where cash flows are received sooner or later than expected by assuming that all borrowers in the pool are five years older or younger, as a proxy for shifts in cash-flow timing. Given the seasoning of the pool, the notes are more sensitive to low prepayment scenarios and to scenarios where cash flows are received at a later stage. Overall, the ratings remain resilient across the stressed scenarios. Prolonged Interest Deferral: According to its Global Structured Finance Rating Criteria, Fitch will only assign 'Asf' or 'BBBsf' ratings to notes that are expected to incur interest deferrals if certain conditions are met. In a variation to its criteria, Fitch has capped the class B notes' rating at 'Asf' as rather than non-investment-grade, as the agency deems a breach of the House Price Index (HPI) trigger and interest consequently being deferred as sufficiently remote. However, if deferrals materialise for an excessive amount of time, Fitch could apply a more conservative cap. Interest on the class C notes has been deferred since October 2012 and only started being paid in October 2021, so the class C notes' rating remains capped at 'BB+sf'. Increasing Redemptions to Accelerate Class A Amortisation: In July 2018, the notes started amortising and the class A notes have paid down by about GBP66 million in the past four years. In addition, the age profile of the borrower base continues increasing and prepayment are steadily between 1% and 3%. Fitch expects the redemption to continue to ramp up and to substantially accelerate class A amortisation. RATING SENSITIVITIES Factors that could, individually or collectively, lead to negative rating action/downgrade: -- Fitch assumes annual house price growth (HPG) to reflect long- term growth rate of house prices. The HPG assumptions are lower at higher rating categories, to test rating resilience against a less benign environment. -- Fitch has tested a relative decrease by 25% in HPG. The impact on the senior notes would be a category downgrade. Factors that could, individually or collectively, lead to positive rating action/upgrade: -- Fitch applies high and low prepayment assumptions to loans that are outside their early prepayment charge (ERC) period. While a loan is in its ERC period, Fitch applies a set of ERC prepayment assumptions based on historical averages and ERCs being enforced. -- All else equal, a higher prepayment assumption would boost the availability of cash flows to amortise the senior notes, increasing the portion of loans repaid in full. This could be beneficial as the loans in the pools are already well seasoned and considerable equity has built up since closing. -- Fitch has tested a relative increase by 25% in voluntary prepayments, which has no an impact on the current ratings of the senior notes (the other tranches are currently capped). The transaction would equally benefit from higher than expected redemption events under the loans. BEST/WORST CASE RATING SCENARIO International scale credit ratings of Structured Finance transactions have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of seven notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of seven notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings are based on historical performance. CRITERIA VARIATION Interest on the class B notes was deferred from October 2012 until October 2015. This was due to a breach of the HPI trigger (set at 2% per year since closing). Since October 2015, interest payments have been made on time. However, previously deferred interest will remain subordinated to class A principal repayment. In a variation to its 'Global Structured Finance Rating Criteria' Fitch caps the ratings of the class B notes at 'Asf' as opposed to non-investment-grade. This is because Fitch does not expect class B interest to be deferred again for an excessive amount of time. DATA ADEQUACY Equity Release Funding No.5 Plc Fitch has checked the consistency and plausibility of the information it has received about the performance of the asset pool and the transaction. Fitch has not reviewed the results of any third party assessment of the asset portfolio information or conducted a review of origination files as part of its ongoing monitoring. Fitch did not undertake a review of the information provided about the underlying asset pool ahead of the transaction's Equity Release Funding No.5 Plc initial closing. The subsequent performance of the transaction over the years is consistent with the agency's expectations given the operating environment and Fitch is therefore satisfied that the asset pool information relied upon for its initial rating analysis was adequately reliable. Overall, and together with any assumptions referred to above, Fitch's assessment of the information relied upon for the agency's rating analysis according to its applicable rating methodologies indicates that it is adequately reliable. 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. GIBSON DIRECT: COVID-19 Lockdowns Prompt Administration ------------------------------------------------------- Sara Paciaroni at Glasgow Times reports that a bus company that provided transport for football supporters has gone into administration. Gibson Direct Ltd, based in Renfrew, held a number of contracts to provide coach hire to football supporters' clubs and school coaches to councils, as well as offering wedding coach hire and executive coach hire. According to Glasgow Times, the company was unable to recover from the impact of Covid-19 lockdowns that had a significant impact on its business, which primarily served school contracts. On April 6, all 25 staff were subsequently made redundant and provisional liquidators Ken Pattullo and Kenny Craig of Begbies Traynor were appointed, Glasgow Times relates. "Gibson Direct was severely affected by the repeated withdrawal of school bus services over the last two years as remote learning for children was implemented, and this proved to be too heavy a burden for the business to bear," Glasgow Times quotes Mr. Pattullo as saying. "We are currently in the process of realising any assets we can to provide the best return for creditors, as well as liaising with councils and alternative operators to help minimise disruption and cover the school bus services." Established in 1996, Gibson Direct Ltd had a fleet of 50 vehicles and operated in Glasgow and across Scotland. HALLETT RETAIL: Placed Into Voluntary Liquidation, Ceases Trading ----------------------------------------------------------------- Andrew Seymour at Professional Jeweller reports that Hallett Retail Services Limited has been placed into voluntary liquidation after administrators said there was no prospect of finding a buyer for the company. Hallett Retail provided a range of concession services to retailers and brands, but suffered financial difficulties following the loss of major clients in recent years. At one point, it ran many of the jewellery counters in the House of Fraser. It also worked with the likes of Arcadia, Debenhams and John Lewis on fashion and accessory concessions. Directors of the business made the majority of concession staff redundant and ceased trading at the end of last month, Professional Jeweller relates. A small number of staff have been retained to assist with completing the final transition of its remaining concession services to retailers and brands, Professional Jeweller discloses. But without the prospect of a sale or ability to continue as a going concern, the directors filed for liquidation, Professional Jeweller notes. According to Professional Jeweller, Steven Ross and Allan Kelly of specialist business advisory firm FRP have been instructed to place the company into voluntary liquidation, and will now assess the assets and liabilities of the company and implement an orderly winding up of Hallett Retail's operations. "The relentless evolution of retail has put an incredible pressure on the business models of those supplying the sector. Hallett Retail has suffered the financial impact of that change and was not able to continue trading," Professional Jeweller quotes Steven Ross, partner at FRP, as saying. KINGSMAN PROPERTY: Director Faces 11-Year Ban After Liquidation --------------------------------------------------------------- Ruby Hinchliffe at FT Adviser reports that a former business owner has been disqualified as a director by the Insolvency Service for 11 years after his company "scammed" GBP6.7 million from investors by promising false investment returns. According to the Insolvency Service, Sam Eustace caused his business Kingsman Property to trade with "a lack of commercial probity" which included offering "false representations" as to returns on investments, FT Adviser relates. Eustace's director ban began on March 24, 2022, and will run for the next 11 years, FT Adviser discloses. The 36-year-old south Londoner, also known as Samuel Jaz Eustace, will not be able to directly, or indirectly, become involved in the promotion, formation or management of a company, without the permission of the court, FT Adviser states. Between October 2016 and March 2019, the Insolvency Service found Kingsman Property had paid out more than GBP3 million to investors, but this was funded by money received from new investors rather than any actual return on investment, FT Adviser notes. According to FT Adviser, the regulator said the company operated "similar to a Ponzi scheme". Kingsman Property went into liquidation in August 2019, FT Adviser recounts. The Insolvency Service said prior to its collapse, the firm had promised landlords "guaranteed rent" all year around and offered investors annual returns of 30%, FT Adviser relays. Investors were asked to put their money into rental housing with at least three tenants or more in order to make their returns, FT Adviser disclsoes. It took at least GBP6.7 million from would-be investors before its liquidation, FT Adviser states. According to company accounts, the business was insolvent by June 2017, with debts of nearly GBP700,000, FT Adviser discloses. "Its deficit grew exponentially," the Insolvency Service, as cited by FT Adviser, said, adding that it owed nearly GBP5 million when it eventually went into liquidation. MIDAS GROUP: GBP60MM+ Debts Unlikely to Be Paid, New Figures Show ----------------------------------------------------------------- William Telford at PlymouthLive reports that the fallout from the collapse of South West construction giant Midas is even worse than initially thought with more than GBP60 million of debts now unlikely to be paid including GBP4.5 million owed to its own employees. According to PlymouthLive, new figures from administrators reveal nearly GBP70 million is being claimed by creditors with more than 1,500 of them likely to receive no cash. Reports from global business advisory firm Teneo Financial Advisory Ltd show the two main companies in the Midas family -- Midas Group Ltd and Midas Construction Ltd -- have realisable assets of just GBP8,354,644, PlymouthLive discloses. But when preferential and secured creditors are paid it means there will be a predicted shortfall of GBP60,290,904 for the hundreds of small firms and individuals in the supply chain, PlymouthLive notes. This includes GBP4,578,369 owed to 300 Midas workers who were made redundant when the companies went bust, PlymouthLive states. Midas Group Ltd and its subsidiaries Midas Construction Ltd, Midas Retail Ltd, Mi-Space (UK) Ltd, Mi-Space Property Services Ltd, Midas Commercial Developments Ltd and Falmouth Developments Ltd all fell into administration in January 2022 blaming a toxic cocktail of Covid, inflation, money owed to them but not paid, and cash flow problems for causing a financial doomsday, PlymouthLive recounts. Administrators at Teneo Financial Advisory Ltd have now revealed Midas Group Ltd owned two office blocks, in Newton Abbot, in Devon, and Newport, in Wales, which are expected to sell for GBP1 million and GBP1.3 million, PlymouthLive discloses. But when preferential creditors have been paid it leaves just GBP844,169, PlymouthLive states. Once some secondary preferential claims are settled it will mean an estimated deficiency for creditors of GBP9,015,966, according to PlymouthLive. A list of those owed money shows 61 employees are claiming GBP1,407,669 of that sum, PlymouthLive states. But the vast majority of the Midas debt is with its commercial construction arm Midas Construction Ltd. A report by Teneo shows GBP7,329,500 is likely to be clawed back from customers who owed the firm money, PlymouthLive relays. But this is a fraction of the GBP48,560,404 it was owed when it went belly up, and included the GBP36,902,858 value of work in progress when Midas fell into administration, according to PlymouthLive. Once preferential and secondary preferential creditors and floating charge holders have been paid it leaves a mere GBP3,394,786 for unsecured creditors, PlymouthLive states. But GBP51,274,938 is owed to more than 1,500 of these creditors meaning there will be a shortfall of GBP47,880,152, PlymouthLive notes. The list of creditors shows Midas 239 employees are owed GBP3,170,700 of that sum, PlymouthLive discloses. OWL FINANCE: Moody's Puts 'Ca' CFR Under Review for Upgrade ----------------------------------------------------------- Moody's Investors Service has placed all ratings of Owl Finance Limited, including the Ca Corporate Family rating and the C-PD Probability of Default rating, on review for upgrade. Moody's has also appended a limited default (LD) designation to the C-PD probability of default rating of Owl Finance Limited as it views the company's debt restructuring transaction as a distressed exchange. The LD designation will be removed in three business days. Owl Finance is the indirect 100% shareholder of Yell Limited, a leading provider of digital marketing services to small and medium enterprises ("SMEs") in the UK. The rating action follows the company's announcement on March 30, 2022 that it has successfully completed its planned debt restructuring transaction that led to a reduction in company's debt from GBP214 million to GBP65 million. RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's positively acknowledges that the completion of the announced debt restructuring will reduce the company's gross debt leverage from around 8.0x to 3.0x on a pro forma basis for the last twelve months ended December 31, 2021, thereby restoring its financial flexibility. Moody's review will focus on Yell's new capital structure, its medium term business plan and growth prospects. The review will likely result in an upgrade of Yell's ratings by several notches. The company's capital structure had become unsustainable. Its bond was due in 2023 and its leverage was elevated with a Moody's adjusted Gross Debt/ EBITDA of around 8.0x for the last twelve months ended December 31, 2021. Nevertheless, the company's cash balance of GBP24 million as of December 31, 2021 would have been sufficient to make the March 2022 coupon payment of GBP9 million. The amended GBP65 million notes have a coupon of 8.75% and a maturity date of March 31, 2027. The March 2022 coupon on the existing GBP214 million of outstanding Notes was waived as part of the restructuring deal and the Company also has the option to capitalise the coupons payable in September 2022 and March 2023, in each case, by adding it to the principal amount of the amended Notes instead of paying it in cash. The Company has also cancelled all outstanding commitments under its undrawn GBP25 million revolving credit facility. ESG CONSIDERATIONS Yell's Chief Executive, Claire Miles, who joined in October 2019 is aiming to turnaround the business via executing the 'stabilize-evolve-transform' strategy. The company also hired a new CFO, Adam Hurst in January 2021. However, the company has been suffering from high leverage and pressured operating performance over the past few years. On July 23, 2020, Yell had indicated that it was in discussions with its largest bondholders to address its capital structure issues. While the new capital structure will alleviate the financial pressures on Yell, Moody's nevertheless remain cautious around the execution risks associated with the timely and successful implementation of the company's strategy for a return to sustained visible revenue and EBITDA growth. LIST OF AFFECTED RATINGS On Review for Upgrade: Issuer: Owl Finance Limited Probability of Default Rating, Placed on Review for Upgrade, currently C-PD /LD (/LD appended) LT Corporate Family Rating, Placed on Review for Upgrade, currently Ca Issuer: Yell Bondco plc BACKED Senior Secured Regular Bond/Debenture, Placed on Review for Upgrade, currently Ca Outlook Actions: Issuer: Owl Finance Limited Outlook, Changed To Rating Under Review From Negative Issuer: Yell Bondco plc Outlook, Changed To Rating Under Review From Negative PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Media published in June 2021. COMPANY PROFILE Yell is a leading provider of digital marketing services to small and medium enterprises ("SMEs") in the UK, helping SMEs to build and maintain an effective online presence and facilitating interaction with consumers. As of LTM period ended September 2021, Owl Finance (indirect holding company of Yell) reported revenue and EBITDA of GBP120.6m and GBP24.8m, respectively. OWL FINANCE: S&P Cuts ICR to 'SD', Then Withdraws Rating -------------------------------------------------------- S&P Global Ratings lowered its long-term issuer credit rating on Owl Finance Ltd. to 'SD' (selective default) from 'CC' and its issue rating on the senior secured notes issued by Yell Bondco PLC to 'D' (default) from 'CC'. S&P subsequently withdrew the ratings on Owl Finance and its debt at the company's request. The downgrade follows the completion of Yell's restructuring through a debt-for-equity swap and a reduction in its outstanding GBP214 million senior secured notes. On March 30, 2022, Owl Finance Ltd., the parent company of digital marketing and online directory company Yell, announced that it had completed a restructuring; reduced the principal amount of its outstanding GBP214 million senior secured notes to GBP65 million; amended the notes' terms; and exchanged the remaining GBP149 million of the notes for 95% of the equity in its parent company, Yell Holdco Ltd. S&P said, "We view the transaction as distressed and tantamount to a default in line with our criteria. Yell has reduced the principal amount of its outstanding GBP214 million senior secured notes due 2023 to GBP65 million, amended the terms, and extended the maturity of the notes to 2027. It has exchanged the remaining GBP149 million of notes for 95% of the equity in its parent company, Yell Holdco. In our view, the noteholders have received less than they were originally promised, and absent the transaction, the company would have faced a conventional default. We also understand that Yell did not make the coupon payment due on the GBP214 million notes on March 15, 2022. At the same time, the company has cancelled its undrawn GBP25 million revolving credit facility. The completion of the transaction will reduce Yell's gross debt, restore its financial flexibility, and preserve liquidity. "We subsequently withdrew our ratings on Owl Finance and its debt at the company's request." SANDWELL COMMERCIAL NO. 2: S&P Cuts Cl. C Notes Rating to 'CC(sf)' ------------------------------------------------------------------ S&P Global Ratings lowered to 'CC (sf)' from 'B- (sf)' its credit rating on Sandwell Commercial Finance No. 2 PLC's class C notes. At the same time, S&P affirmed its 'D (sf)' ratings on the class D and E notes. In this transaction, principal losses are not directly applied reverse sequentially toward the notes' redemption, but instead accrue on a principal deficiency ledger (PDL). At the March 2022 interest payment date, the allocation of principal deficiency amounts to the class D PDL have increased. This is due to a loan on the servicer's watchlist being resolved and principal losses resulting from this loan. The properties securing the remaining GBP3.13 million loan on the servicer's watchlist, which was originally secured on a portfolio of four retail units, have all been sold at auction. The properties were sold individually, rather than as a portfolio, for a total of GBP455,000. The principal losses for this loan are likely to be applied to the PDL in September 2022, once the workout has been finalized. The principal loss will be applied to the class C and D notes. S&P's ratings on Sandwell Commercial Finance No. 2's notes address timely payment of interest and repayment of principal not later than the September 2037 legal maturity date. S&P said, "Given the application of PDL amounts, which will be applied to the class C notes in the near future, we believe the likelihood of default to be virtually certain. We have therefore lowered to 'CC (sf)' from 'B- (sf)' our rating on the class C notes, in line with our criteria for assigning 'CCC' category ratings. "We have also affirmed our 'D (sf)' ratings on the class D and E notes in line with our criteria." =============== X X X X X X X X =============== [*] BOND PRICING: For the Week April 4 to April 8, 2022 ------------------------------------------------------- Issuer Coupon Maturity Currency Price ------ ------ -------- -------- ----- Yandex NV 0.750 03/03/2025 USD 43.000 Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 43.500 Gazprom PJSC Via Gaz 3.12511/17/2023 EUR Lukoil Securities BV 3.875 05/06/2030 USD 56.000 Gazprom PJSC Via Gaz 5.150 02/11/2026 USD 41.250 Gazprom PJSC Via Gaz 1.450 03/06/2023 CHF 20.002 Sberbank of Russia V 5.12510/29/2022 USD 8.000 Vnesheconombank Via 6.80011/22/2025 USD 33.500 VTB Bank PJSC Via VT 9.500 USD 16.000 VEON Holdings BV 3.37511/25/2027 USD 58.550 Gazprom PJSC Via Gaz 4.950 7/19/2022 USD 41.000 Gazprom PJSC Via Gaz 2.25011/22/2024 EUR 35.000 Gazprom PJSC Via Gaz 4.250 04/06/2024 GBP 20.001 VTB Bank OJSC Via VT 6.95010/17/2022 USD 89.900 Lukoil Capital DAC 3.60010/26/2031 USD 55.000 Lukoil International 4.750 11/02/2026 USD 59.750 Gazprom PJSC Via Gaz 2.500 3/21/2026 EUR 32.730 Russian Railways Via 4.600 03/06/2023 EUR 10.000 Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 45.000 Gazprom PJSC via Gaz 3.250 2/25/2030 USD 38.000 Aragvi Finance Inter 8.450 4/29/2026 USD 63.131 Metinvest BV 8.500 4/23/2026 USD 48.125 Russian Foreign Bond 2.875 12/04/2025 EUR 15.000 Gazprom PJSC Via Gaz 4.364 3/21/2025 EUR 32.498 Vnesheconombank Via 5.94211/21/2023 USD 33.500 Gazprom PJSC via Gaz 4.599 USD 6.000 Kernel Holding SA 6.50010/17/2024 USD 47.427 Gazprom PJSC via Gaz 2.950 1/27/2029 USD 40.000 Metinvest BV 7.75010/17/2029 USD 49.125 Gazprom PJSC via Gaz 3.500 7/14/2031 USD 37.000 Russian Railways Via 2.100 10/02/2023 CHF 9.660 Gazprom PJSC via Gaz 1.540 6/30/2027 CHF 30.000 MHP SE 7.750 05/10/2024 USD 45.395 Lukoil Capital DAC 2.800 4/26/2027 USD 59.000 Sberbank of Russia V 5.250 5/23/2023 USD 100.475 Gazprom PJSC via Gaz 3.000 6/29/2027 USD 39.000 VEON Holdings BV 4.000 04/09/2025 USD 60.484 Gazprom PJSC Via Gaz 4.950 02/06/2028 USD 40.000 MHP Lux SA 6.950 04/03/2026 USD 44.426 Russian Railways Via 3.125 CHF 14.000 Gunvor Group Ltd 6.250 9/30/2026 USD 70.812 Metinvest BV 5.625 6/17/2025 EUR 44.993 Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 38.000 Gazprom Neft OAO Via 4.375 9/19/2022 USD 25.958 Russian Railways Via 5.700 04/05/2022 USD 9.000 Lukoil International 6.656 06/07/2022 USD 70.000 Russian Railways Via 7.487 3/25/2031 GBP 10.004 Pro-Gest SpA 3.25012/15/2024 EUR 74.625 Evraz PLC 5.375 3/20/2023 USD 35.234 Kernel Holding SA 6.75010/27/2027 USD 47.639 VEON Holdings BV 7.250 4/26/2023 USD 65.040 Credit Bank of Mosco 3.100 1/21/2026 EUR 5.000 Ozon Holdings PLC 1.875 2/24/2026 USD 73.313 MMC Norilsk Nickel O 2.550 09/11/2025 USD 60.500 Frigoglass Finance B 6.875 02/12/2025 EUR 64.975 Tinkoff Bank JSC Via 6.000 USD 20.000 Novolipetsk Steel Vi 4.700 5/30/2026 USD 35.510 NAK Naftogaz Ukraine 7.125 7/19/2024 EUR 25.000 MHP Lux SA 6.250 9/19/2029 USD 43.928 MMC Norilsk Nickel O 2.80010/27/2026 USD 60.500 ALROSA Finance SA 4.650 04/09/2024 USD 24.000 Vnesheconombank Via 6.025 07/05/2022 USD 42.500 Evraz PLC 5.250 04/02/2024 USD 67.500 Gtlk Europe Capital 4.349 2/27/2029 USD 15.302 Severstal OAO Via St 3.150 9/16/2024 USD 12.500 ALROSA Finance SA 3.100 6/25/2027 USD 17.375 Phosagro OAO Via Pho 3.050 1/23/2025 USD 22.750 Mitsubishi UFJ Inves 3.97112/15/2050 EUR 36.766 VF Ukraine PAT via V 6.200 02/11/2025 USD 43.576 MMC Norilsk Nickel O 4.100 04/11/2023 USD 64.000 Metinvest BV 7.650 10/01/2027 USD 49.042 Russian Railways Via 4.375 03/01/2024 USD 15.123 Polyus Finance PLC 3.25010/14/2028 USD 78.314 Russian Railways Via 0.840 03/12/2026 CHF 15.050 Dtek Renewables Fina 8.500 11/12/2024 EUR 30.326 Russian Railways Via 0.898 10/03/2025 CHF 15.500 Credit Bank of Mosco 3.875 9/21/2026 USD 10.000 Gazprom Neft OAO Via 6.00011/27/2023 USD 21.025 Phosagro OAO Via Pho 2.600 9/16/2028 USD 20.250 Banca Monte dei Pasc 5.375 1/18/2028 EUR 65.244 Metalloinvest Financ 3.37510/22/2028 USD 91.470 NAK Naftogaz Ukraine 7.625 11/08/2026 USD 24.304 Gtlk Europe Capital 4.650 03/10/2027 USD 14.500 NPC Ukrenergo 6.875 11/09/2026 USD 32.269 Eurotorg LLC Via Bon 9.00010/22/2025 USD 36.410 GTLK Europe DAC 5.125 5/31/2024 USD 9.000 Credit Bank of Mosco 5.150 2/20/2024 EUR Novatek OAO Via Nova 4.42212/13/2022 USD 40.000 Credit Bank of Mosco 4.700 1/29/2025 USD 10.250 Credit Bank of Mosco 7.500 10/05/2027 USD 90.781 NGD Holdings BV 6.75012/31/2026 USD 26.028 Ukraine Railways Via 8.250 07/09/2024 USD 86.970 VTB Bank OJSC Via VT 4.07310/24/2024 CHF 15.000 Standard Profil Auto 6.250 4/30/2026 EUR 72.515 Boparan Finance PLC 7.62511/30/2025 GBP 69.286 Eurochem Finance DAC 5.500 3/13/2024 USD 28.750 Alfa Bank AO Via Alf 5.950 4/15/2030 USD 10.000 VEON Holdings BV 4.950 6/16/2024 USD 61.882 Metinvest BV 7.750 4/23/2023 USD 49.125 Phosagro OAO Via Pho 3.949 4/24/2023 USD 22.000 State Agency of Road 6.250 6/24/2028 USD 30.834 Gtlk Europe Capital 4.800 2/26/2028 USD 14.500 VEON Holdings BV 3.37511/25/2027 USD 59.784 VEON Holdings BV 5.950 2/13/2023 USD 59.123 NAK Naftogaz Ukraine 7.375 7/19/2022 USD 26.534 Aggregate Holdings S 6.875 11/09/2025 EUR 43.067 Severstal OAO Via St 5.90010/17/2022 USD 13.000 MMC Norilsk Nickel O 6.62510/14/2022 USD 38.500 Russian Federal Bond 7.250 05/10/2034 RUB 70.299 MMK International Ca 4.375 6/13/2024 USD 32.000 Banca Monte dei Pasc 10.500 7/23/2029 EUR 73.758 Credit Bank of Mosco 7.625 USD 75.535 Gtlk Europe Capital 5.950 4/17/2025 USD 14.500 Global Fashion Group 1.250 3/15/2028 EUR 69.140 Credit Bank of Mosco 8.875 USD 93.750 Russian Agricultural 8.50010/16/2023 USD 101.000 Russian Railways Via 1.195 04/03/2028 CHF 14.150 Gtlk Europe Capital 4.949 2/18/2026 USD 11.250 Lukoil Capital DAC 3.60010/26/2031 USD 55.000 Haya Real Estate SA 5.25011/15/2022 EUR 69.357 Credit Bank of Mosco 5.550 2/14/2023 USD 99.000 Casino Guichard Perr 3.992 EUR 47.500 Sovcombank Via SovCo 7.600 USD 5.000 Interpipe Holdings P 8.375 5/13/2026 USD 31.242 Casino Guichard Perr 1.413 EUR 27.511 Ukraine Railways Via 7.875 7/15/2026 USD 78.000 Novolipetsk Steel Vi 4.500 6/15/2023 USD 40.000 Intelsat Jackson Hol 5.500 08/01/2023 USD 42.750 PIK Securities DAC 5.62511/19/2026 USD 94.327 Polyus Finance PLC 4.699 3/28/2022 USD 41.057 Russian Foreign Bond 5.250 6/23/2047 USD 25.000 Korian SA 0.875 03/06/2027 EUR 50.327 Alfa Bank AO Via Alf 6.950 USD 101.170 Serbia International 2.050 9/23/2036 EUR 76.508 Ukreximbank Via Biz 9.750 1/22/2025 USD 94.400 Mobile Telesystems O 5.000 5/30/2023 USD 15.000 Novolipetsk Steel Vi 4.000 9/21/2024 USD 40.500 Intelsat Jackson Hol 8.50010/15/2024 USD 45.500 Lukoil Securities BV 3.875 05/06/2030 USD 58.000 ABH Financial Ltd Vi 2.700 06/11/2023 EUR 4.971 Ekosem-Agrar AG 7.500 08/01/2024 EUR 26.850 Lukoil Capital DAC 2.800 4/26/2027 USD 58.000 Sibur Securities DAC 2.950 07/08/2025 USD 20.050 Teva Pharmaceutical 4.100 10/01/2046 USD 75.694 Ekosem-Agrar AG 8.500 12/07/2022 EUR 30.921 Credit Bank of Mosco 7.121 6/25/2024 USD 99.537 Rusal Capital DAC 4.850 02/01/2023 USD 30.461 Korian SA 1.875 EUR 37.088 ABH Financial Ltd Vi 2.875 11/09/2022 CHF 27.500 Sibur Securities DAC 3.450 9/23/2024 USD 35.000 Intelsat Jackson Hol 9.750 7/15/2025 USD 44.500 Polyus Finance PLC 5.250 02/07/2023 USD 99.990 Accor SA 0.700 12/07/2027 EUR 48.382 United Kingdom Gilt 0.50010/22/2061 GBP 67.973 Russian Foreign Bond 12.750 6/24/2028 USD 30.023 VEON Holdings BV 4.000 04/09/2025 USD 60.384 Lukoil International 4.563 4/24/2023 USD 62.750 Prosus NV 3.832 02/08/2051 USD 76.590 SCF Capital Designat 5.375 6/16/2023 USD 15.329 Sovcombank Via SovCo 7.750 USD 4.609 Rusal Capital DAC 5.300 05/03/2023 USD 101.050 Ukreximbank Via Biz 9.625 4/27/2022 USD 27.979 Hungary Government B 2.250 4/20/2033 HUF 71.447 Suek Securities DAC 3.375 9/15/2026 USD 17.702 State of North Rhine 0.950 01/10/2121 EUR 65.143 Cardea Europe AG 7.250 12/08/2023 EUR 51.938 Polyus Finance PLC 4.700 1/29/2024 USD 99.305 Banca Monte dei Pasc 8.000 1/22/2030 EUR 69.049 Delivery Hero SE 2.125 03/10/2029 EUR 67.608 Russian Foreign Bond 5.875 9/16/2043 USD 39.667 Celtic Resources Hol 4.125 10/09/2024 USD 30.000 Paragon GmbH & Co KG 4.500 07/05/2027 EUR 58.834 Uralkali OJSC Via Ur 4.00010/22/2024 USD 19.000 Voltalia SA 1.000 1/13/2025 EUR 30.087 TMK OAO Via TMK Capi 4.300 02/12/2027 USD 91.875 BAT International Fi 2.250 09/09/2052 GBP 57.416 MorphoSys AG 0.62510/16/2025 EUR 74.133 Ukreximbank Via Biz 9.95011/14/2029 USD 23.244 Czech Republic Gover 1.500 4/24/2040 CZK 71.330 Russian Foreign Bond 5.625 04/04/2042 USD 39.667 Gazprom PJSC via Gaz 3.250 2/25/2030 USD 38.000 Rallye SA 4.000 2/28/2030 EUR 16.500 Banca Monte dei Pasc 8.500 09/10/2030 EUR 69.853 Ukraine Government I 7.750 09/01/2022 USD 49.294 Quadient SA 3.375 EUR 58.023 Lithuania Government 0.750 7/15/2051 EUR 72.001 Vonovia SE 1.625 09/01/2051 EUR 74.591 Air France-KLM 0.125 3/25/2026 EUR 15.964 Metro Bank PLC 5.500 6/26/2028 GBP 63.444 Mallinckrodt Interna 5.750 08/01/2022 USD 49.250 Russian Foreign Bond 4.750 5/27/2026 USD 24.090 Neoen SA 2.000 06/02/2025 EUR 52.722 Sibur Securities DAC 4.125 10/05/2023 USD 26.208 Maisons du Monde SA 0.125 12/06/2023 EUR 47.182 Delivery Hero SE 1.500 1/15/2028 EUR 69.460 Gazprom PJSC Via Gaz 4.950 7/19/2022 USD 100.020 Biocartis Group NV 4.000 05/09/2024 EUR 71.913 Russian Federal Bond 7.000 7/30/2036 RUB 68.490 Gazprom PJSC Via Gaz 4.950 02/06/2028 USD 19.000 VEON Holdings BV 7.250 4/26/2023 USD 65.218 Union Fenosa Prefere 1.067 EUR 68.833 Carnival PLC 1.00010/28/2029 EUR 72.765 Rallye SA 4.371 1/23/2023 EUR 13.197 Metinvest BV 7.75010/17/2029 USD 45.000 Kernel Holding SA 6.50010/17/2024 USD 48.114 Paragon GmbH & Co KG 4.000 4/23/2023 CHF 70.200 VEON Holdings BV 5.950 2/13/2023 USD 59.418 Deutsche Bahn Financ 0.625 12/08/2050 EUR 74.705 Gazprom PJSC via Gaz 4.599 USD 100.000 Moby SpA 7.750 2/15/2023 EUR 65.566 Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 132.555 Arrival SA 3.500 12/01/2026 USD 61.875 Gazprom PJSC Via Gaz 5.150 02/11/2026 USD 23.167 MHP Lux SA 6.250 9/19/2029 USD 43.782 Wirecard AG 0.500 09/11/2024 EUR 11.114 Gazprom PJSC via Gaz 3.500 7/14/2031 USD 39.536 DNB Bank ASA 0.954 USD 71.104 Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 22.000 Gazprom PJSC via Gaz 2.950 1/27/2029 USD 22.500 Econocom Group SA/NV 0.500 03/06/2023 EUR 7.907 MHP SE 7.750 05/10/2024 USD 44.202 Haya Real Estate SA 5.12511/15/2022 EUR 69.696 Turkey Government Bo 12.600 10/01/2025 TRY 71.800 Kernel Holding SA 6.75010/27/2027 USD 47.632 VEON Holdings BV 4.950 6/16/2024 USD 60.970 Pierre Et Vacances S 2.000 04/01/2023 EUR 27.640 Metinvest BV 8.500 4/23/2026 USD 49.500 Metinvest BV 7.650 10/01/2027 USD 48.925 VF Ukraine PAT via V 6.200 02/11/2025 USD 39.747 MHP Lux SA 6.950 04/03/2026 USD 46.249 Ukraine Government B 9.790 5/26/2027 UAH 56.652 NPC Ukrenergo 6.875 11/09/2026 USD 32.814 Fuerstenberg Capital 5.625 EUR 54.440 HOCHDORF Holding AG 2.500 CHF 44.537 Nexity SA 0.250 03/02/2025 EUR 62.614 Odea Bank AS 7.625 08/01/2027 USD 75.961 Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 26.093 Neoen SA 1.875 10/07/2024 EUR 43.112 DNB Bank ASA 0.929 USD 70.350 Metinvest BV 7.750 4/23/2023 USD 45.419 PB International BV 7.62512/31/2025 USD 52.250 Mallinckrodt Interna 5.62510/15/2023 USD 48.750 Turkey Government Bo 10.600 02/11/2026 TRY 65.200 Offshore Drilling Ho 8.375 9/20/2020 USD 5.000 Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 24.625 PIK Securities DAC 5.62511/19/2026 USD 18.745 AstraZeneca PLC 2.125 08/06/2050 USD 76.034 DNB Bank ASA 0.758 USD 70.510 Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 93.000 Ukraine Government I 7.750 09/01/2026 USD 37.500 Aragvi Finance Inter 8.450 4/29/2026 USD 62.873 SRV Group Oyj 4.875 3/27/2025 EUR 70.268 Ukraine Government I 7.750 09/01/2023 USD 47.500 Turkey Government Bo 8.000 03/12/2025 TRY 65.350 Gazprom PJSC Via Gaz 3.12511/17/2023 EUR NAK Naftogaz Ukraine 7.625 11/08/2026 USD 25.120 BAT International Fi 4.00011/23/2055 GBP 74.576 Ukraine Government I 7.750 09/01/2027 USD 36.406 Intu Debenture PLC 5.56212/31/2027 GBP 40.700 Wellcome Trust Ltd/T 1.500 7/14/2071 GBP 74.375 Rallye SA 3.250 02/08/2024 CHF 13.328 Aggregate Holdings S 5.500 5/17/2024 EUR 43.476 Celtic Resources Hol 4.125 10/09/2024 USD 29.996 Scandinavian Airline 0.625 CHF 19.251 Polyus Finance PLC 3.25010/14/2028 USD 25.000 Rallye SA 5.250 02/01/2022 EUR 17.189 Senvion Holding GmbH 3.87510/25/2022 EUR 0.177 Shell International 1.750 09/10/2052 GBP 69.852 Andrade Gutierrez In 9.50012/30/2024 USD 53.000 Republic of Belarus 6.378 2/24/2031 USD 9.333 Mallinckrodt Interna 4.750 4/15/2023 USD 41.000 Northern Powergrid N 1.875 6/16/2062 GBP 75.434 Officine Maccaferri- 5.750 06/01/2021 EUR 16.395 Privatbank CJSC Via 10.250 1/23/2018 USD 4.000 State Agency of Road 6.250 6/24/2028 USD 23.070 City of Kyiv Via PBR 7.50012/15/2022 USD 30.665 Deutsche Lichtmiete 5.250 09/01/2025 EUR 11.000 Republic of Belarus 5.875 2/24/2026 USD 9.667 FIGEAC-AERO 1.12510/18/2022 EUR 22.925 Interpipe Holdings P 8.375 5/13/2026 USD 28.866 Turkey Government Bo 10.500 08/11/2027 TRY 58.000 Republic of Belarus 7.625 6/29/2027 USD 10.100 Societe Du Grand Par 1.000 2/18/2070 EUR 74.846 Metinvest BV 5.625 6/17/2025 EUR 45.000 Hungary Government B 2.250 6/22/2034 HUF 68.837 Mallinckrodt Interna 5.500 4/15/2025 USD 51.000 Slovenia Government 0.688 03/03/2081 EUR 60.903 Deutsche Lichtmiete 5.750 01/01/2023 EUR 5.000 EFG International AG 0.551 EUR 96.402 Rallye SA 3.400 1/31/2022 EUR 13.666 Thomas Cook Group PL 6.250 6/15/2022 EUR 0.510 European Financial S 0.050 1/18/2052 EUR 73.333 Ukreximbank Via Biz 9.625 4/27/2022 USD 27.979 Prosus NV 3.832 02/08/2051 USD 76.592 PREOS Global Office 7.500 12/09/2024 EUR 58.580 Turkey Government Bo 9.000 7/24/2024 TRY 72.950 Vonovia Finance BV 1.000 1/28/2041 EUR 72.579 Debenhams PLC 5.250 7/15/2021 GBP 0.500 Deutsche Lichtmiete 5.250 02/01/2027 EUR 9.001 Societe Du Grand Par 0.70010/15/2060 EUR 71.881 BAT International Fi 2.000 3/13/2045 EUR 73.826 DOF Subsea AS 9.11011/27/2023 NOK 35.000 Avangardco Investmen 10.00010/29/2018 USD 0.348 Air Berlin PLC 8.250 4/19/2018 EUR 0.783 Eurotorg LLC Via Bon 9.00010/22/2025 USD 100.750 Ukreximbank Via Biz 7.623 02/09/2023 USD 21.265 DOF Subsea AS 9.500 4/30/2022 USD 35.145 Russian Foreign Bond 5.250 6/23/2047 USD 22.000 EYEMAXX Real Estate 5.500 4/26/2023 EUR 3.373 Deutsche Lichtmiete 5.750 12/01/2023 EUR 10.000 Air Berlin PLC 6.750 05/09/2019 EUR 0.502 Koninklijke Luchtvaa 0.750 CHF 20.500 Bank Gospodarstwa Kr 2.250 7/21/2033 PLN 71.700 Nexity SA 0.875 4/19/2028 EUR 52.580 Ukreximbank Via Biz 9.750 1/22/2025 USD 24.464 Hellenic Bank PCL 10.000 EUR 57.222 Banco Espirito Santo 7.12511/28/2023 EUR 0.391 Basque Government 1.37510/31/2070 EUR 67.676 Development Bank of 6.750 05/02/2024 USD 10.276 Yell Bondco PLC 8.500 05/02/2023 GBP 60.177 Mitsubishi UFJ Inves 3.68712/30/2099 EUR 5.000 Rallye SA 4.00011/23/2020 CHF 11.863 Travelex Financing P 8.000 5/15/2022 EUR 1.833 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Bank o 7.293 1/19/2024 USD 28.000 LBI ehf 6.100 8/25/2011 USD 10.631 Bourbon Corp 8.305 EUR 0.596 Norwegian Air Shuttl 5.000 02/07/2023 SEK 41.500 Alitalia-Societa Aer 5.250 7/30/2020 EUR 0.100 Norske Skogindustrie 7.00012/30/2026 EUR 0.010 Barclays Bank PLC 1.44410/30/2034 USD 73.618 Banco Espirito Santo 2.163 EUR 0.144 Ukraine Government I 7.375 9/25/2032 USD 34.917 Virgolino de Oliveir 10.500 1/28/2018 USD 0.455 Ukraine Government B 3.700 7/14/2022 USD 75.833 Banco Espirito Santo 6.900 6/28/2024 EUR 24.474 Swissgrid AG 0.050 6/30/2050 CHF 73.122 German Pellets GmbH 7.25011/27/2019 EUR 1.859 Air Berlin PLC 5.625 05/09/2019 CHF 0.503 Lloyds Bank PLC 0.444 7/29/2033 USD 66.543 Espirito Santo Finan 3.125 12/02/2018 EUR 0.287 Russian Foreign Bond 4.250 6/23/2027 USD 25.000 Agrokor dd 8.875 02/01/2020 USD 15.000 Verimatrix SA 6.000 6/29/2022 EUR 3.809 Phosphorus Holdco PL 10.000 04/01/2019 GBP 1.500 Bilt Paper BV 10.360 USD 1.071 Mallinckrodt Interna 5.750 08/01/2022 USD 48.875 Ukraine Government I 7.750 09/01/2026 USD 37.659 Havila Shipping ASA 5.460 01/02/2025 NOK 25.673 Orpea SA 3.00011/25/2041 EUR 73.031 Banco Santander SA 1.909 EUR 1.676 VPV Lebensversicheru 3.477 8/17/2026 EUR 69.471 Lithuania Government 0.500 7/28/2050 EUR 69.371 Russian Foreign Bond 5.100 3/28/2035 USD 16.000 Cirio Finanziaria Sp 8.00012/21/2005 EUR 0.777 City of Lausanne Swi 0.050 9/28/2054 CHF 73.350 Ukraine Government B 3.900 10/05/2023 USD 39.799 Haya Real Estate SA 5.12511/15/2022 EUR 70.023 Banco Espirito Santo 2.343 EUR 0.294 Andrade Gutierrez In 9.50012/30/2024 USD 53.250 Lloyds Bank PLC 1.197 7/26/2033 USD 72.632 ESFIL-Espirito Santo 5.250 06/12/2015 EUR 0.111 EDOB Abwicklungs AG 7.500 04/01/2012 EUR 2.816 Kommunekredit 0.500 7/30/2027 TRY 20.128 Gazprom Neft PJSC 7.150 12/07/2029 RUB 71.980 Russian Foreign Bond 5.625 04/04/2042 USD 40.667 Dexia SA 1.230 EUR 2.980 Portugal Telecom Int 6.250 7/26/2016 EUR 0.285 Ukraine Government B 3.700 4/27/2023 USD 49.209 Intelsat Jackson Hol 9.750 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Finmek International 7.000 12/03/2004 EUR 2.193 Societe Centrale des 2.500 5/15/2023 EUR 6.880 Fuerstenberg Capital 1.609 EUR 58.241 New World Resources 8.000 04/07/2020 EUR 0.506 Ukraine Government B 3.70012/22/2022 USD 60.471 Windreich GmbH 6.500 03/01/2015 EUR 4.475 Barclays Bank PLC 1.089 9/29/2034 USD 65.411 Banca Popolare di Vi 9.500 9/29/2025 EUR 0.049 City of Kyiv Via PBR 7.50012/15/2022 USD 30.665 Norske Skog Holding 8.000 2/24/2021 EUR 0.006 Ukraine Government B 3.890 02/02/2023 USD 56.395 Joh Friedrich Behren 6.250 6/18/2024 EUR 29.301 MS Deutschland Betei 6.87512/18/2017 EUR 0.620 Cirio Del Monte NV 7.750 3/14/2005 EUR 0.363 Lehman Brothers UK C 5.750 EUR 7.000 International Financ 0.500 6/29/2027 ZAR 63.997 Enertronica Santerno 7.00012/31/2022 EUR 68.450 Single Platform Inve 0.363 2/15/2041 EUR 72.091 Region Wallonne Belg 1.225 09/02/2120 EUR 71.848 Finance and Credit B 9.250 1/25/2019 USD 0.141 Sidetur Finance BV 10.000 4/20/2016 USD 0.770 Lehman Brothers UK C 6.900 USD 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Espirito Santo 6.875 7/15/2016 EUR 24.500 Mriya Agro Holding P 10.950 3/30/2016 USD 4.667 Norske Skogindustrie 2.00012/30/2115 EUR 0.113 Elli Investments Ltd 12.250 6/15/2020 GBP 52.250 Saleza AS 9.000 07/12/2021 EUR 0.203 CRC Breeze Finance S 6.110 05/08/2026 EUR 31.538 Republic of Ireland 0.74011/27/2120 EUR 64.273 Erste Group Bank AG 4.50010/15/2022 EUR 63.500 Credit Suisse Intern 9.500 3/24/2026 UAH 67.720 DZ Bank AG Deutsche 16.700 3/25/2022 EUR 31.980 Ukraine Government I 7.750 09/01/2027 USD 36.777 Lloyds Bank PLC 0.352 4/26/2033 USD 67.427 Russian Foreign Bond 5.875 9/16/2043 USD 40.000 UBS AG/London 13.250 05/04/2022 USD 35.850 State Transport Leas 7.440 5/14/2035 RUB 74.810 Stichting Afwikkelin 6.625 5/14/2018 EUR 5.375 Single Platform Inve 0.815 04/01/2042 EUR 74.578 MOL Hungarian Oil & 1.900 04/12/2031 HUF 64.900 Elli Finance UK PLC 8.750 6/15/2019 GBP 65.125 KTG Agrar SE 7.25010/15/2019 EUR 1.860 Societe Generale SA 7.310 5/22/2026 USD 67.750 Ukraine Government B 8.120 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74.638 Region Wallonne Belg 0.850 1/26/2071 EUR 66.575 French Republic Gove 0.500 5/25/2072 EUR 64.799 Societe Generale SA 24.000 11/08/2024 USD 66.750 Zurcher Kantonalbank 21.250 10/04/2022 CHF 66.480 BNP Paribas Emission 10.00012/22/2022 EUR 72.280 Erotik-Abwicklungsge 7.750 07/09/2019 EUR 0.779 Ukraine Government I 7.750 09/01/2025 USD 37.125 Batigere Grand Est S 1.400 8/31/2050 EUR 73.383 Rio Forte Investment 4.000 7/22/2014 EUR 4.406 Steilmann SE 6.750 6/27/2017 EUR 2.184 Ukraine Government I 4.375 1/27/2030 EUR 35.695 Deutsche Bank AG 1.725 1/16/2045 EUR 72.435 Hell Energy Magyaror 2.70012/18/2029 HUF 69.200 Intelsat Jackson Hol 9.750 7/15/2025 USD 43.604 Veragold Mining Co G 5.00012/31/2022 EUR 56.000 State of Mecklenburg 0.23911/17/2070 EUR 71.823 Senvion Holding GmbH 3.87510/25/2022 EUR 0.177 International Bank o 8.250 10/09/2024 USD 60.375 Russian Federal Bond 6.100 7/18/2035 RUB 63.966 Quintet Private Bank 3.65011/13/2023 EUR SiC Processing GmbH 7.125 03/01/2016 EUR 2.418 Turkey Government Bo 11.70011/13/2030 TRY 53.875 AlphaNotes ETP Dac 0.010 09/09/2029 USD 66.538 Hungary Government B 3.000 4/25/2041 HUF 67.790 Deutsche Bank AG/Lon 0.34811/26/2034 USD 65.899 Barclays Bank PLC 0.956 3/28/2033 USD 70.054 Green City Energy Kr 4.75012/30/2023 EUR 10.000 BNG Bank NV 10.010 6/17/2025 TRY 52.489 Specialfastigheter S 1.280 9/20/2049 SEK 75.056 Communaute Francaise 0.782 02/08/2061 EUR 69.287 EFG International Fi 9.800 06/07/2023 USD 72.990 Credit Suisse AG/Lon 5.200 8/17/2022 USD 9.860 RUSNANO AO 6.750 3/26/2024 RUB 72.300 OGX Austria GmbH 8.500 06/01/2018 USD 0.002 Republic of Austria 0.850 6/30/2120 EUR 66.763 Ukraine Government I 9.750 11/01/2028 USD 36.622 Steilmann SE 7.000 9/23/2018 EUR 1.429 JP Morgan Structured 11.00012/30/2026 ZMW 67.712 German Pellets GmbH 7.250 04/01/2016 EUR 1.859 Republic of Belarus 6.378 2/24/2031 USD 10.000 Sberbank of Russia P 0.010 10/05/2028 RUB 70.200 Depfa Funding II LP 6.500 EUR 61.844 A-TEC Industries AG 8.75010/27/2014 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3/23/2033 RUB 73.533 Credit Suisse AG/Lon 6.500 3/28/2022 USD 3.731 Russian Federal Bond 7.700 3/16/2039 RUB 70.286 Ukraine Government B 8.310 11/10/2034 UAH 43.614 Virgolino de Oliveir 10.875 1/13/2020 USD 36.000 Dolphin Drilling ASA 4.490 8/28/2019 NOK 0.644 SAir Group 4.250 02/02/2007 CHF 12.625 Republic of Belarus 6.875 2/28/2023 USD 11.000 Credito Padano Banca 3.100 EUR 33.729 Pannon Work Szemelyz 3.00010/30/2030 HUF 73.550 VEB.RF GK 7.27011/17/2026 RUB 73.430 Virgolino de Oliveir 10.500 1/28/2018 USD 0.455 Spain Government Bon 1.45010/31/2071 EUR 74.156 Stichting Afwikkelin 2.197 EUR 0.502 Windreich GmbH 6.250 03/01/2015 EUR 4.475 Ukraine Government B 9.780 05/10/2029 UAH 59.029 Republic of Belarus 6.200 2/28/2030 USD 10.000 WPE International Co 10.375 9/30/2020 USD 5.000 Societe Generale SA 5.000 01/10/2023 USD 43.330 Credit Suisse AG/Lon 5.500 7/26/2023 USD 9.400 Credit Suisse AG/Lon 20.000 11/05/2024 USD 50.500 Credit Suisse AG/Lon 13.000 6/16/2022 CHF 67.790 BNP Paribas 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10/02/2017 EUR 0.527 Getin Noble Bank SA 8.040 8/30/2024 PLN 68.619 Leonteq Securities A 6.770 5/27/2022 USD 45.610 Corner Banca SA 6.600 08/02/2022 CHF 23.920 GTC Magyarorszag Zrt 2.250 12/07/2030 HUF 74.390 Russian Federal Bond 5.700 5/17/2028 RUB 70.603 Vontobel Financial P 13.500 9/23/2022 EUR 67.850 Russian Federal Bond 6.000 10/06/2027 RUB 73.750 Pongs & Zahn AG 8.500 11/01/2014 EUR 0.100 Norske Skog Holding 8.000 2/24/2023 USD 0.006 Ukraine Government B 9.980 03/06/2030 UAH 57.748 Solarwatt GmbH 7.000 11/01/2015 EUR 15.500 Ukraine Government I 6.750 6/20/2026 EUR 36.527 Premium Green PLC 0.60010/31/2046 EUR 61.898 Credit Suisse AG/Lon 8.500 09/09/2022 EUR 72.580 Luzerner Kantonalban 23.000 06/07/2022 CHF 28.920 UniCredit Bank AG 6.600 7/20/2028 EUR 47.810 Mostotrest PJSC 0.010 7/29/2026 RUB 49.400 Vontobel Financial P 9.00012/23/2022 EUR 71.670 Alrosa PJSC 5.750 05/10/2030 RUB 75.000 Pervyi Konteinernyi 5.000 12/09/2025 RUB 72.050 Leonteq Securities A 2.750 9/15/2022 CHF 57.620 Alno AG 8.000 3/21/2019 EUR 15.000 Russian Foreign Bond 4.875 9/16/2023 USD 48.905 BrokerCreditService 1.514 12/06/2031 USD 73.854 Mriya Agro Holding P 10.950 3/30/2016 USD 4.667 Windreich GmbH 6.750 03/01/2015 EUR 4.475 Region de Bruxelles- 0.55612/23/2064 EUR 64.163 Ukraine Government B 9.700 12/08/2032 UAH 51.715 Ukraine Government B 8.630 05/10/2033 UAH 46.691 Agrokor dd 8.875 02/01/2020 USD 15.000 Societe Generale SA 24.000 8/30/2024 USD 66.550 UBS AG/London 14.000 07/07/2022 USD 48.250 Vontobel Financial P 5.00012/23/2022 EUR 73.860 Banque Cantonale Vau 22.200 08/02/2022 CHF 71.260 RUSNANO AO 8.860 3/27/2028 RUB 75.000 Sberbank of Russia P 0.010 12/05/2024 RUB 60.760 Resa SA/Belgium 1.950 7/22/2036 EUR 50.010 Russian Federal Bond 7.650 04/10/2030 RUB 74.337 Rosselkhozbank JSC 21.600 7/15/2025 RUB 60.360 SAir Group 5.500 7/23/2003 CHF 12.625 Credit Agricole Corp 15.700 10/07/2026 TRY 62.846 Ahtium PLC 9.750 04/04/2017 EUR 0.726 Elli Investments Ltd 12.250 6/15/2020 GBP 52.250 Credit Agricole Corp 10.200 08/06/2026 TRY 51.086 Deutsche Agrar Holdi 7.250 9/28/2018 EUR 0.735 Skandinaviska Enskil 8.600 7/17/2023 SEK 67.260 EFG International Fi 18.00010/20/2022 CHF 69.410 Vontobel Financial P 7.50012/23/2022 USD 77.980 BNP Paribas Issuance 5.000 11/05/2024 EUR 32.130 Pervyi Konteinernyi 0.010 02/06/2026 RUB 51.740 Societe Generale SA 10.00011/30/2022 USD 67.400 EDOB Abwicklungs AG 7.500 04/01/2012 EUR 2.816 Ukraine Government B 10.570 05/10/2027 UAH 68.328 Single Platform Inve 0.419 2/15/2040 EUR 74.064 Portugal Telecom Int 5.242 11/06/2017 EUR 0.694 Hungary Government B 3.00010/27/2038 HUF 70.426 Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 27.152 Privatbank CJSC Via 10.875 2/28/2018 USD 8.000 Russian Federal Bond 6.900 5/23/2029 RUB 73.055 Agrokor dd 9.875 05/01/2019 EUR 15.000 Ukraine Government B 8.750 11/10/2032 UAH 47.876 Region Wallonne Belg 1.222 6/24/2080 EUR 73.572 Hema Bondco II BV 8.500 1/15/2023 EUR 0.113 Commerzbank AG 0.06011/19/2029 EUR 70.954 Republic of Belarus 6.875 2/28/2023 USD 7.849 Hungary Government B 4.000 4/28/2051 HUF 72.733 Norske Skogindustrie 2.00012/30/2115 EUR 0.113 DekaBank Deutsche Gi 5.600 4/25/2022 EUR 70.240 Hunland Feed Kft 2.880 7/21/2031 HUF 74.250 SG Issuer SA 8.120 7/20/2023 SEK 71.140 Leonteq Securities A 8.510 5/27/2022 USD 34.700 Landesbank Baden-Wue 6.75011/25/2022 EUR 59.270 VTB Bank PJSC 0.010 10/04/2022 RUB 70.000 UBS AG/London 7.000 1/26/2024 USD 73.800 UBS AG/London 0.120 5/25/2040 MXN 14.554 Veneto Banca SpA 6.950 2/25/2025 EUR 0.571 La Veggia Finance SA 7.12511/14/2004 EUR 0.287 Norske Skogindustrie 7.12510/15/2033 USD 0.010 Single Platform Inve 0.428 2/15/2040 EUR 75.079 Deutsche Bank AG/Lon 1.796 6/30/2034 USD 65.449 Cooperatieve Raboban 0.50012/29/2027 MXN 59.533 Republic of Austria 0.700 4/20/2071 EUR 76.895 Aralco Finance SA 10.125 05/07/2020 USD 2.910 Credito Padano Banca 3.100 EUR 33.530 Turkiye Ihracat Kred 12.540 9/14/2028 TRY 46.366 Citigroup Global Mar 12.37911/13/2023 SEK 58.860 BNP Paribas Emission 8.000 6/23/2022 EUR 49.350 Axial Javito Kereske 2.000 9/23/2030 HUF 68.377 DekaBank Deutsche Gi 7.050 4/28/2023 EUR 63.050 SALVATOR Vermoegensv 9.500 EUR 7.600 Lloyds Bank PLC 1.83610/25/2033 USD 69.269 Ukraine Government B 9.700 12/08/2027 UAH 63.346 Ukraine Government B 6.000 1/22/2031 UAH 40.245 BPCE SA 2.250 3/13/2040 AUD 71.728 Lehman Brothers Trea 2.875 3/14/2013 CHF 0.100 Pescanova SA 6.750 03/05/2015 EUR 0.319 Ukraine Government I 6.876 5/21/2029 USD 35.416 Vontobel Financial P 22.000 3/25/2022 EUR 57.330 EFG International Fi 9.000 06/07/2023 EUR 75.900 VEB.RF GK 6.590 06/10/2027 RUB 71.220 Societe Generale Eff 5.000 5/27/2022 EUR 77.300 DZ Bank AG Deutsche 11.680 8/26/2022 EUR 66.830 UniCredit Bank AG 23.50010/28/2022 EUR 77.300 Zalaco Sutoipari zrt 3.500 7/24/2030 HUF 75.563 Gold-Zack AG 7.00012/14/2005 EUR 1.521 Green City Energy Kr 5.75012/30/2033 EUR 9.000 Kingdom of Belgium G 0.558 9/24/2077 EUR 65.770 Kreditanstalt fuer W 0.250 10/06/2036 CAD 51.097 Ukraine Government B 9.990 12/10/2031 UAH 54.351 Officine Maccaferri- 5.750 06/01/2021 EUR 16.372 Region de Bruxelles- 0.731 8/25/2060 EUR 71.381 Mox Telecom AG 7.250 11/02/2017 EUR 2.270 Ville de Paris 0.760 5/25/2066 EUR 74.251 SecurAsset SA 5.250 6/30/2022 EUR 28.420 UBS AG/London 12.25011/18/2022 EUR 46.150 Rosselkhozbank JSC 9.000 RUB 73.090 UBS AG/London 8.250 07/07/2022 CHF 67.050 Credit Suisse AG/Lon 7.500 3/24/2022 CHF 66.200 Epito-Es Epuletkarba 3.000 11/11/2030 HUF 73.600 Bank J Safra Sarasin 12.750 04/06/2022 CHF 68.600 Bank Julius Baer & C 12.600 04/04/2022 EUR 66.950 EFG International Fi 8.000 06/10/2022 CHF 68.180 JP Morgan Structured 12.000 01/04/2027 ZMW EFG International Fi 10.000 9/20/2023 USD 64.790 Zurcher Kantonalbank 9.00012/30/2022 CHF 68.780 Szinorg Universal zr 3.000 5/15/2030 HUF 72.058 Norske Skog Holding 8.000 2/24/2023 USD 0.006 Single Platform Inve 1.860 2/15/2041 NOK 76.012 SAG Solarstrom AG 7.500 07/10/2017 EUR 31.000 Takarek Mortgage Ban 3.00010/22/2031 HUF 73.650 HSBC Bank PLC 10.300 12/10/2024 TRY 61.726 Ville de Paris 0.65011/25/2070 EUR 65.512 Region de Bruxelles- 0.845 9/30/2059 EUR 73.324 Getin Noble Bank SA 9.770 4/29/2024 PLN 62.869 Bulgaria Steel Finan 12.000 05/04/2013 EUR 0.216 Single Platform Inve 2.050 09/01/2044 NOK 75.734 Lloyds Bank PLC 0.500 7/26/2028 MXN 57.289 Credit Suisse AG/Lon 8.000 08/05/2022 EUR 66.640 Russian Foreign Bond 4.250 6/23/2027 USD 24.828 SG Issuer SA 0.263 2/20/2025 EUR 20.150 Danske Bank A/S 10.300 07/09/2023 SEK 11.600 UniCredit Bank AG 3.600 10/05/2022 EUR 53.320 Sberbank of Russia P 0.010 11/05/2025 RUB 69.400 Zurcher Kantonalbank 12.500 11/04/2022 CHF 72.800 Societe Generale SA 18.000 5/31/2024 USD 32.323 Banque International 15.000 01/05/2023 EUR 51.220 UBS AG/London 7.000 8/18/2022 USD 56.950 Sberbank of Russia P 0.010 8/25/2025 RUB 60.000 Centrosolar Group AG 7.000 2/15/2016 EUR 2.505 Societe Generale SA 1.323 1/31/2034 USD 72.643 Phosphorus Holdco PL 10.000 04/01/2019 GBP 1.500 Republic of Belarus 5.875 2/24/2026 USD 10.000 Sequa Petroleum NV 5.000 4/29/2020 USD 30.250 Ukraine Government B 6.000 9/18/2030 UAH 41.166 Ukraine Government B 6.00010/15/2031 UAH 38.546 Ukraine Government B 11.580 02/02/2028 UAH 68.989 LBI ehf 6.100 8/25/2011 USD 10.631 Ukraine Government B 8.880 05/10/2032 UAH 49.173 Republic of Ireland 1.200 4/15/2120 EUR 72.697 Agrokor dd Via Aquar 4.921 08/08/2017 EUR 14.625 Rena GmbH 8.250 07/11/2018 EUR 2.096 Skandinaviska Enskil 8.300 7/17/2023 SEK 66.890 Sberbank of Russia P 0.010 2/27/2025 RUB 73.800 UBS AG/London 13.500 4/29/2024 USD 43.770 Sberbank of Russia P 0.010 3/26/2024 RUB 53.450 Banque Cantonale Vau 20.650 8/22/2022 CHF 74.110 Luzerner Kantonalban 23.100 8/15/2022 CHF 52.710 Citigroup Global Mar 13.20012/18/2023 SEK 61.630 Vontobel Financial P 15.50012/23/2022 EUR 66.880 Leonteq Securities A 14.000 02/01/2023 USD 68.940 Leonteq Securities A 27.800 4/22/2022 CHF 47.120 Bank Vontobel AG 8.758 06/02/2022 CHF 46.300 Golfino AG 8.00011/18/2023 EUR 0.020 EFG International Fi 11.12012/27/2024 EUR 29.510 Sberbank of Russia P 0.010 10/04/2024 RUB 71.410 AKB Peresvet ZAO 0.510 6/23/2021 RUB 25.000 SG Issuer SA 6.760 7/20/2024 SEK 77.800 Sberbank of Russia P 0.010 8/25/2025 RUB 73.300 PA Resources AB 13.500 03/03/2016 SEK 0.124 Deutsche Bank AG/Lon 0.500 04/05/2038 MXN 23.794 Lehman Brothers Trea 2.000 3/16/2035 EUR 0.100 United Kingdom Gilt 0.62510/22/2050 GBP 75.422 HSBC Bank PLC 0.50011/25/2025 BRL 63.423 Ukraine Government B 6.000 10/11/2028 UAH 47.608 Espirito Santo Finan 5.05011/15/2025 EUR 0.287 Ukraine Government B 9.700 06/02/2032 UAH 52.436 Ukraine Government B 9.700 8/25/2032 UAH 52.157 Ukraine Government B 9.980 04/10/2030 UAH 58.468 Ukraine Government B 8.220 05/10/2035 UAH 42.761 SAir Group 0.125 07/07/2005 CHF 12.625 New World Resources 4.000 10/07/2020 EUR 0.574 New World Resources 8.000 04/07/2020 EUR 0.506 Irish Bank Resolutio 4.000 4/23/2018 EUR 33.250 Bank Julius Baer & C 22.500 05/03/2022 CHF 58.200 Leonteq Securities A 11.000 9/15/2022 CHF 46.520 Sberbank of Russia P 0.010 12/05/2025 RUB 73.700 Bank Vontobel AG 10.009 10/03/2022 EUR 68.900 BNP Paribas Issuance 11.840 04/04/2022 EUR 70.220 Skandinaviska Enskil 7.600 1/15/2024 SEK 75.760 Zurcher Kantonalbank 21.75010/21/2022 CHF 58.530 DekaBank Deutsche Gi 11.20012/23/2022 EUR 60.880 Green City Energy Kr 5.00012/31/2036 EUR 9.000 Sberbank of Russia P 0.010 5/28/2024 RUB 61.200 Mifa Mitteldeutsche 7.500 08/12/2018 EUR 2.270 BOA Offshore AS 0.409 7/17/2047 NOK 5.248 Bilt Paper BV 10.360 USD 1.071 Pescanova SA 8.750 2/17/2019 EUR 0.319 Virgolino de Oliveir 10.875 1/13/2020 USD 36.000 SAir Group 6.250 04/12/2005 CHF 12.625 Communaute Francaise 0.749 9/16/2080 EUR 75.603 Rio Forte Investment 3.900 07/10/2014 USD 4.852 Vontobel Financial P 16.500 3/25/2022 EUR 56.040 Sberbank of Russia P 0.010 05/07/2025 RUB 74.400 ENVIEN Magyarorszag 2.500 5/18/2031 HUF 74.870 Danske Bank A/S 8.050 07/09/2023 SEK 71.260 Bank Julius Baer & C 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0.675 07/07/2080 EUR 69.658 Skandinaviska Enskil 9.500 7/17/2023 SEK 68.400 Citigroup Global Mar 12.000 2/13/2024 SEK 72.410 Leonteq Securities A 10.000 03/01/2023 USD 62.130 EFG International Fi 9.800 6/21/2023 EUR 49.930 JD Capital PLC 5.000 5/21/2028 EUR 70.000 Credit Suisse AG/Lon 16.30012/26/2023 USD 55.920 Vontobel Financial P 5.500 6/17/2022 USD 47.380 Credit Suisse AG/Lon 9.500 04/01/2022 EUR 66.560 Leonteq Securities A 8.380 7/20/2022 CHF 55.970 Danske Bank A/S 7.470 07/09/2023 SEK 77.460 Corner Banca SA 13.68010/28/2022 EUR 61.880 Leonteq Securities A 20.400 1/18/2023 CHF 76.450 Bank Vontobel AG 24.000 08/09/2022 CHF 42.800 EFG International Fi 11.000 06/10/2022 USD 46.790 Skandinaviska Enskil 8.520 1/15/2024 SEK 77.450 Societe Generale Eff 4.00011/22/2022 USD 75.210 Credit Suisse AG/Lon 14.000 6/16/2022 USD 67.650 UBS AG/London 10.250 9/19/2022 CHF 68.550 Luzerner Kantonalban 22.620 6/20/2022 CHF 39.230 State of Saxony-Anha 0.773 07/03/2028 EUR 60.000 Skandinaviska Enskil 6.500 1/15/2024 SEK 73.850 Sberbank of Russia P 0.010 11/07/2024 RUB 64.000 Sberbank of Russia P 0.010 8/20/2025 RUB 61.300 Russian Foreign Bond 12.750 6/24/2028 USD 45.207 Purple Protected Ass 1.580 5/25/2060 EUR 59.397 Lehman Brothers Trea 3.82010/20/2009 USD 0.100 Cie DU Chemin de Fer 0.28011/29/2052 CHF 62.852 Ukraine Government B 9.790 5/14/2031 UAH 54.527 Ukraine Government B 9.760 7/23/2031 UAH 54.080 Ukraine Government B 10.360 11/10/2027 UAH 65.773 ECM Real Estate Inve 5.000 10/09/2011 EUR 15.375 BPCE SA 2.250 3/13/2040 AUD 71.318 Purple Protected Ass 1.600 09/08/2056 EUR 74.639 Luminis SA 1.800 09/02/2059 EUR 58.851 Leonteq Securities A 24.360 9/13/2022 CHF 42.850 Credit Suisse AG/Lon 4.180 9/14/2022 USD 9.660 Leonteq Securities A 7.500 6/28/2022 CHF 67.450 Credit Suisse AG/Lon 10.000 3/28/2022 CHF 69.670 Credit Suisse AG/Lon 8.00010/14/2022 EUR 69.550 Sberbank of Russia P 0.010 08/07/2025 RUB 70.800 Credit Suisse AG/Lon 8.450 06/07/2023 USD 9.770 Raiffeisen Centroban 10.000 3/24/2023 EUR 56.660 Credit Suisse AG/Lon 4.600 11/09/2022 USD 9.653 Raiffeisen Schweiz G 16.000 7/19/2022 EUR 69.210 DZ Bank AG Deutsche 4.000 6/24/2022 EUR 71.360 Vontobel Financial P 7.350 6/15/2022 USD 55.660 EFG International Fi 7.000 4/20/2022 USD 53.890 Raiffeisen Schweiz G 7.000 2/20/2023 CHF 76.280 Skandinaviska Enskil 5.800 1/15/2025 SEK 68.300 Republic of Bashkort 5.900 9/24/2025 RUB 73.100 Barclays Bank PLC 2.730 9/27/2024 EUR 49.200 RENE LEZARD Mode Gmb 7.25011/25/2017 EUR 0.110 Erste Group Bank AG 6.750 5/31/2024 EUR 66.600 Raiffeisen Schweiz G 6.600 3/23/2022 CHF 63.400 Dr Wiesent Sozial gG 7.000 EUR 0.010 Societe Generale SA 5.05011/25/2036 USD 74.178 Ukraine Government I 7.375 9/25/2032 USD 34.926 Gebr Sanders GmbH & 8.75010/22/2018 EUR 9.375 KPNQwest NV 10.000 3/15/2012 EUR 0.453 Northland Resources 4.00010/15/2020 USD 0.271 Ministeries Van de V 0.60011/19/2055 EUR 72.594 Barclays Bank PLC 13.810 4/16/2024 TRY 72.254 Single Platform Inve 0.924 2/18/2049 EUR 72.279 Lehman Brothers Trea 2.000 5/17/2010 EUR 0.100 Ukraine Government B 9.700 10/06/2027 UAH 65.594 Ukraine Government B 9.610 10/11/2029 UAH 57.467 Metropole de Lyon 0.540 12/07/2050 EUR 74.859 Credit Agricole Corp 11.340 02/12/2026 TRY 56.614 Banca Popolare di Vi 9.500 10/02/2025 EUR 0.049 Air Berlin Finance B 6.000 03/06/2019 EUR 0.402 Credit Agricole Corp 14.280 11/05/2026 TRY 62.579 KPNQwest NV 7.125 06/01/2009 EUR 0.453 Waste Italia SpA 10.50011/15/2019 EUR 0.550 CDC Habitat SEM 0.814 2/15/2040 EUR 75.453 UniCredit Bank AG 4.150 7/26/2022 EUR 52.950 MetMax Europe Zrt 3.000 12/11/2030 HUF 73.800 Leonteq Securities A 10.00010/19/2022 CHF 79.400 Credit Suisse AG/Lon 11.000 4/19/2022 CHF 46.040 UniCredit Bank AG 3.350 6/14/2022 EUR 60.020 BNP Paribas Issuance 6.310 07/05/2023 SEK 76.230 Credit Suisse AG/Lon 11.000 3/28/2022 USD 35.320 BNP Paribas Issuance 7.980 1/20/2025 SEK 74.910 Sberbank of Russia P 0.010 3/27/2028 RUB 73.400 Sberbank of Russia P 0.010 11/05/2025 RUB 56.000 Leonteq 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AG/London 13.250 04/06/2023 USD 77.550 Societe Generale SA 6.000 05/09/2022 USD 2.120 EFG International Fi 13.000 8/24/2022 CHF 81.700 Bank Vontobel AG 22.300 08/02/2022 CHF 69.900 Societe Generale SA 20.00012/18/2025 USD 73.000 BrokerCreditService 14.000 09/09/2022 USD 45.000 UBS AG/London 7.250 12/09/2022 CHF 67.750 Raiffeisen Schweiz G 14.000 7/19/2022 USD 77.420 Raiffeisen Schweiz G 12.00010/19/2022 CHF 73.610 EFG International Fi 7.500 7/26/2022 USD 62.350 SG Issuer SA 7.700 1/20/2024 SEK 77.980 Societe Generale SA 16.000 8/30/2024 USD 46.250 Corner Banca SA 13.200 12/07/2022 CHF 53.920 Credit Suisse AG/Lon 8.50012/16/2022 CHF 65.410 Credit Suisse AG/Lon 8.00012/19/2022 CHF 72.660 EFG International Fi 6.500 4/26/2023 USD 35.490 EFG International Fi 11.410 4/26/2022 EUR 78.730 Nordea Bank Abp 7.100 7/20/2024 SEK 76.100 Nordea Bank Abp 9.000 7/20/2024 SEK 75.050 Sberbank of Russia P 0.010 03/06/2028 RUB 73.200 Bank Vontobel AG 7.254 9/19/2022 CHF 63.300 Zurcher Kantonalbank 15.200 9/21/2022 USD 38.920 Bank Julius Baer & C 14.300 02/08/2023 CHF 75.450 DeltaCredit Bank JSC 1.00010/20/2025 RUB 60.000 Barclays Bank PLC 0.433 3/14/2023 USD Skandinaviska Enskil 6.400 1/15/2025 SEK 61.730 SG Issuer SA 6.130 1/20/2024 SEK 75.750 Leonteq Securities A 9.000 6/13/2023 CHF 75.160 EFG International Fi 9.65012/23/2024 EUR 64.520 Nordea Bank Abp 5.813 7/20/2024 SEK 73.380 Muehl Product & Serv 6.750 03/10/2005 DEM 0.104 Raiffeisen Schweiz G 10.00012/31/2024 CHF 67.470 Skandinaviska Enskil 5.750 1/15/2025 SEK 68.180 Societe Generale SA 18.000 11/02/2023 USD 41.130 Sberbank of Russia P 0.010 10/06/2025 RUB 73.700 VTB Bank PJSC 0.010 8/15/2023 RUB 55.900 Tonon Luxembourg SA 9.250 1/24/2020 USD 0.500 Credit Agricole Corp 2.480 8/18/2050 USD 75.656 Barclays Bank PLC 1.59612/23/2033 USD 74.908 Natixis SA 0.300 6/25/2048 USD 39.222 Single Platform Inve 0.462 2/15/2040 EUR 75.552 Barclays Bank PLC 0.836 4/25/2034 USD 69.918 Minicentrales Dos SA 0.010 06/06/2047 EUR 59.125 Purple 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Government I 8.994 02/01/2024 USD 39.083 Mriya Agro Holding P 9.450 4/19/2018 USD 4.667 Communaute Francaise 1.000 10/08/2069 EUR 70.329 Northland Resources 15.000 7/15/2019 USD 2.621 Espirito Santo Finan 5.125 5/30/2016 EUR 0.528 Lehman Brothers Trea 7.320 7/31/2013 GBP 0.100 Lehman Brothers Trea 8.280 7/31/2013 GBP 0.100 Reso-Leasing OOO 7.500 06/02/2024 RUB 59.510 Leonteq Securities A 22.770 8/30/2022 CHF 46.860 Sberbank of Russia P 0.010 2/27/2024 RUB 71.600 Sberbank of Russia P 0.010 03/06/2025 RUB 71.000 Bank Vontobel AG 12.508 9/26/2022 CHF 62.000 UBS AG/London 16.750 3/31/2022 CHF 39.950 VTB Bank PJSC 0.010 3/21/2023 RUB 59.000 Sberbank of Russia P 0.01011/20/2025 RUB 73.700 Vasutvillamosito Kft 3.000 02/03/2031 HUF 73.200 UBS AG/London 10.50010/28/2022 USD 73.150 UBS AG/London 12.250 3/24/2022 CHF 41.400 Credit Suisse AG/Lon 11.20011/14/2022 CHF 64.380 Leonteq Securities A 24.020 6/29/2022 CHF 51.360 Sberbank of Russia P 0.010 7/24/2025 RUB 73.400 Sberbank of Russia P 0.010 08/12/2025 RUB 71.900 Societe Generale SA 6.000 06/06/2022 USD 0.040 DZ Bank AG Deutsche 10.750 6/22/2022 EUR 61.090 Societe Generale SA 8.600 7/29/2022 USD 49.600 Zurcher Kantonalbank 15.500 11/08/2022 USD 78.350 Zurcher Kantonalbank 20.500 9/13/2022 CHF 46.550 Russian Foreign Bond 2.650 5/27/2036 EUR 12.662 UBS AG/London 4.500 07/01/2024 CHF 72.500 Corner Banca SA 15.400 4/26/2022 CHF 62.140 Leonteq Securities A 21.100 4/21/2022 CHF 45.590 Raiffeisen Schweiz G 12.000 01/04/2023 CHF 48.790 Aranynektar Termekgy 3.500 04/03/2030 HUF 65.682 Sberbank of Russia P 1.055 4/15/2024 RUB 72.100 Sberbank of Russia P 0.010 10/06/2025 RUB 67.700 Sberbank of Russia P 0.010 10/07/2025 RUB 56.300 Credit Suisse AG/Lon 6.000 06/07/2022 CHF 74.910 OOO SPV Structural I 0.010 09/01/2023 RUB 66.740 Sberbank of Russia P 1.20312/18/2024 RUB 59.100 Pick Szeged Szalamig 2.000 12/06/2029 HUF 92.300 Sberbank of Russia P 0.010 1/27/2025 RUB 63.710 Pannonia Bio Ltd 2.400 9/18/2029 HUF 74.020 DeltaCredit Bank JSC 1.000 5/18/2026 RUB 55.280 Credit Agricole Corp 15.000 6/18/2026 TRY 65.148 Thomas Cook Group PL 6.250 6/15/2022 EUR 0.510 Lehman Brothers Trea 2.370 7/15/2013 USD 0.100 Credit Agricole Corp 11.640 3/24/2027 TRY 52.759 Barclays Bank PLC 1.645 06/03/2041 USD 75.170 Ukraine Government B 6.00011/20/2024 UAH 71.480 Ukraine Government B 12.500 10/12/2029 UAH 67.990 Veneto Banca SpA 6.944 5/15/2025 EUR 0.571 Credit Agricole Corp 10.800 3/24/2026 TRY 54.348 Ukraine Government I 7.750 09/01/2025 USD 37.421 Ukraine Government B 9.910 08/07/2030 UAH 56.526 Ukraine Government B 6.00011/28/2029 UAH 43.511 Ukraine Government B 9.820 02/12/2031 UAH 55.140 Credit Agricole Corp 11.190 1/15/2026 TRY 56.354 Intelsat SA 4.500 6/15/2025 USD 9.500 Societe Generale SA 4.404 3/31/2034 USD 72.303 Petromena ASA 10.85011/19/2018 USD 0.622 Hellas Telecommunica 6.054 1/15/2015 USD 0.001 Bibby Offshore Servi 7.500 6/15/2021 GBP 11.625 Credit Agricole Corp 10.500 2/16/2027 TRY 49.316 Credit Agricole Corp 15.000 7/14/2026 TRY 64.036 Credit Agricole Corp 6.000 2/26/2027 BRL 74.229 Barclays Bank PLC 0.500 10/01/2031 TRY 8.967 Communaute Francaise 0.750 02/04/2061 EUR 69.635 Societe Generale SA 2.480 7/17/2040 USD 70.380 Deutsche Bank AG/Lon 0.50010/18/2038 MXN 15.118 Barclays Bank PLC 7.830 7/26/2038 MXN 73.572 Deutsche Bank AG/Lon 2.00010/25/2023 TRY 57.792 Ukraine Government I 9.750 11/01/2028 USD 36.659 Ukraine Government I 8.994 02/01/2024 USD 39.093 Credit Agricole Corp 12.00011/17/2025 TRY 59.160 Cie Generale de Navi 0.35012/29/2056 CHF 73.093 BLT Finance BV 12.000 02/10/2015 USD 10.500 Credit Agricole Corp 15.000 6/18/2026 TRY 64.313 Skandinaviska Enskil 10.360 7/17/2023 SEK 74.810 Sberbank of Russia P 0.010 07/02/2025 RUB 73.900 Danske Bank A/S 9.430 07/09/2024 SEK 79.260 Raiffeisen Schweiz G 12.000 07/12/2022 CHF 64.980 Agrar Mezogazdasagi 2.900 8/24/2031 HUF 74.880 Bank Julius Baer & C 15.000 6/22/2022 CHF 60.750 Basler Kantonalbank 10.00012/16/2022 CHF 70.220 VTB Bank PJSC 0.01011/15/2022 RUB 62.000 Sberbank of Russia P 0.946 03/11/2025 RUB 62.800 Sberbank of Russia P 0.010 11/05/2025 RUB 73.700 Societe Generale SA 10.800 3/31/2026 USD 64.850 Bank Vontobel AG 20.504 05/12/2022 CHF 64.000 Corner Banca SA 19.000 04/12/2022 CHF 74.930 Bank Julius Baer & C 11.000 04/07/2022 USD 66.800 EFG International Fi 7.100 04/06/2022 EUR 64.110 Credit Suisse AG/Lon 8.000 04/12/2022 EUR 63.010 Leonteq Securities A 28.960 5/17/2022 CHF 62.470 Sberbank of Russia P 0.010 3/25/2025 RUB 70.000 Russian Federal Bond 5.900 03/12/2031 RUB 65.000 Raiffeisen Switzerla 12.000 9/22/2022 CHF 52.040 UBS AG/London 9.750 9/26/2022 CHF 65.850 Bank Julius Baer & C 9.250 05/11/2022 EUR 53.400 Erste Group Bank AG 10.000 3/31/2022 EUR 71.650 Credit Suisse AG/Lon 10.500 07/08/2022 EUR 36.420 UBS AG/London 8.500 03/08/2023 CHF 68.500 UBS AG/London 28.500 7/28/2022 USD 44.650 Sberbank of Russia P 0.010 7/29/2024 RUB 64.900 UniCredit Bank AG 4.400 04/12/2023 EUR 60.280 SG Issuer SA 19.750 11/08/2022 EUR DekaBank Deutsche Gi 7.260 5/30/2022 EUR 72.500 Russian Foreign Bond 5.100 3/28/2035 USD 16.000 Zurcher Kantonalbank 8.000 4/22/2022 EUR 68.150 Leonteq Securities A 27.290 4/26/2022 CHF 33.660 SAir Group 5.125 03/01/2003 CHF 12.750 Vontobel Financial P 11.00012/23/2022 EUR 71.710 UBS AG/London 5.00012/15/2023 EUR 70.000 Progress Etteremhalo 3.000 9/18/2030 HUF 73.500 VTB Bank PJSC 0.010 9/13/2022 RUB 60.070 Rosselkhozbank JSC 5.450 2/13/2025 RUB 72.390 Sberbank of Russia P 0.010 8/21/2025 RUB 58.800 Sberbank of Russia P 1.055 5/13/2024 RUB 71.100 Sberbank of Russia P 0.010 02/06/2023 RUB 58.850 Sberbank of Russia P 1.054 7/16/2024 RUB 64.400 Ukraine Government I 7.750 09/01/2022 USD 48.845 Ukraine Government I 7.750 09/01/2024 USD 38.083 IT Holding Finance S 9.87511/15/2012 EUR 0.015 Barclays Bank PLC 3.800 9/30/2031 USD 65.926 Turkey Government Bo 11.000 2/24/2027 TRY 60.800 Astana Finance BV 9.00011/16/2011 USD 15.250 Ukraine Government I 7.750 09/01/2024 USD 38.144 Ukraine Government B 9.990 8/27/2031 UAH 54.871 Credit Agricole Corp 11.550 1/28/2026 TRY 55.276 Credit Agricole Corp 10.800 3/24/2026 TRY 50.964 Ukraine Government B 6.00011/26/2025 UAH 63.487 Ukraine Government B 6.000 11/12/2025 UAH 63.767 Credit Agricole SA 3.000 1/19/2041 AUD 73.000 Ukraine Government I 4.375 1/27/2030 EUR 35.721 Lehman Brothers Trea 11.000 07/04/2011 USD 0.100 Ukraine Government I 7.253 3/15/2033 USD 35.077 Turkey Government Bo 12.400 03/08/2028 TRY 62.400 Barclays Bank PLC 1.450 9/24/2038 MXN 29.698 Ukraine Government I 6.750 6/20/2026 EUR 36.333 SAir Group 2.750 7/30/2004 CHF 12.625 Cooperatieve Raboban 0.500 8/21/2028 MXN 56.515 Ukraine Government I 6.876 5/21/2029 USD 35.375 Espirito Santo Finan 0.48110/27/2024 EUR 0.297 Leonteq Securities A 2.500 06/05/2024 EUR 70.420 Skandinaviska Enskil 9.020 7/17/2023 SEK 67.040 SG Issuer SA 4.000 6/22/2026 EUR 73.410 Landesbank Baden-Wue 3.000 9/23/2022 EUR 61.760 SG Issuer SA 11.170 7/20/2025 SEK 41.550 UniCredit Bank AG 4.200 7/26/2022 EUR 28.710 UniCredit Bank AG 4.450 7/23/2022 EUR 47.930 UniCredit Bank AG 3.650 7/23/2022 EUR 46.840 Landesbank Baden-Wue 2.500 8/25/2023 EUR 67.420 Landesbank Baden-Wue 2.300 9/23/2022 EUR 73.610 Landesbank Baden-Wue 3.050 9/23/2022 EUR 60.460 SG Issuer SA 8.300 7/21/2025 SEK 61.320 EFG International Fi 6.100 05/11/2023 USD 46.400 Credit Suisse AG/Lon 8.250 05/05/2022 USD 46.080 Banque Cantonale Vau 10.600 05/05/2022 CHF 67.610 Bank Vontobel AG 7.007 11/02/2022 CHF 67.400 Leonteq Securities A 22.080 05/06/2022 CHF 38.330 Vontobel Financial P 11.500 6/24/2022 EUR 69.710 Credit Suisse AG/Lon 8.000 08/03/2022 CHF 44.700 Zurcher Kantonalbank 9.000 05/11/2022 CHF 71.810 Vontobel Financial P 15.750 08/03/2022 EUR 38.210 Vontobel Financial P 19.000 6/24/2022 EUR 58.640 Vontobel Financial P 15.000 6/24/2022 EUR 63.250 Bank Julius Baer & C 8.250 05/04/2022 CHF 67.550 Vontobel Financial P 17.750 3/25/2022 EUR 43.170 Vontobel Financial P 17.000 6/24/2022 EUR 72.660 Vontobel Financial P 11.000 6/24/2022 EUR 69.120 Vontobel Financial P 15.000 6/24/2022 EUR 75.120 Bank Vontobel AG 11.00610/31/2022 CHF 76.400 Bank Vontobel AG 8.50310/31/2022 CHF 75.800 UBS AG/London 13.000 05/06/2024 USD 42.500 UBS AG/London 12.750 11/07/2022 USD 41.750 UBS AG/London 10.250 11/07/2022 CHF 70.850 UBS AG/London 19.750 05/05/2022 USD 51.500 Zurcher Kantonalbank 21.500 05/12/2022 USD 51.920 UBS AG/London 14.000 05/05/2022 CHF 32.100 Bank Vontobel AG 9.00610/31/2022 CHF 43.200 UBS AG/London 14.500 11/07/2022 CHF 55.600 EFG International Fi 6.500 4/20/2022 CHF 52.300 Vontobel Financial P 9.500 6/24/2022 EUR 67.790 EFG International Fi 5.500 4/20/2022 USD 57.870 DZ Bank AG Deutsche 10.000 3/23/2022 EUR 61.440 DZ Bank AG Deutsche 10.000 6/22/2022 EUR 61.700 DZ Bank AG Deutsche 5.250 6/22/2022 EUR 71.130 DZ Bank AG Deutsche 9.000 6/22/2022 EUR 69.440 DZ Bank AG Deutsche 13.000 3/23/2022 EUR 64.280 DZ Bank AG Deutsche 10.500 6/22/2022 EUR 65.550 DZ Bank AG Deutsche 8.750 3/23/2022 EUR 70.180 DZ Bank AG Deutsche 6.750 6/22/2022 EUR 70.980 Vontobel Financial P 17.000 6/24/2022 EUR 69.890 Vontobel Financial P 17.000 6/24/2022 EUR 60.810 Vontobel Financial P 13.000 6/24/2022 EUR 66.010 Vontobel Financial P 14.000 6/24/2022 EUR 72.020 DekaBank Deutsche Gi 3.500 11/04/2022 EUR 54.390 AutoWallis Nyrt 3.000 4/15/2030 HUF 74.580 EFG International Fi 4.90011/24/2023 USD 65.260 Landesbank Baden-Wue 2.200 1/27/2023 EUR 31.270 DekaBank Deutsche Gi 2.80010/20/2023 EUR 63.640 Landesbank Baden-Wue 3.400 8/23/2024 EUR 32.110 EFG International Fi 4.67011/23/2022 EUR 70.610 Leonteq Securities A 8.00011/23/2022 CHF 77.250 DekaBank Deutsche Gi 3.25011/25/2022 EUR 68.220 UBS AG/London 13.250 4/29/2022 CHF 56.700 Bank Vontobel AG 11.501 05/02/2022 EUR 67.600 EFG International Fi 6.080 05/05/2022 USD 49.050 Leonteq Securities A 21.050 05/04/2022 CHF 66.630 Leonteq Securities A 6.700 11/04/2022 USD 67.120 Zurcher Kantonalbank 20.750 05/12/2022 CHF 62.100 UBS AG/London 9.500 11/07/2022 CHF 75.550 UBS AG/London 10.500 11/07/2022 CHF 75.200 Vontobel Financial P 17.000 6/24/2022 EUR 65.110 Vontobel Financial P 12.000 6/24/2022 EUR 64.680 Vontobel Financial P 15.500 6/24/2022 EUR 71.700 Vontobel Financial P 12.500 6/24/2022 EUR 63.860 Vontobel Financial P 11.000 6/24/2022 EUR 63.450 Leonteq Securities A 14.000 9/14/2022 CHF 57.570 Vontobel Financial P 19.500 6/24/2022 EUR 33.240 Vontobel Financial P 8.000 6/24/2022 EUR 64.860 Vontobel Financial P 6.500 6/24/2022 EUR 67.120 Bank Vontobel AG 12.500 6/20/2022 CHF 68.000 Bank Vontobel AG 12.500 9/19/2022 CHF 65.200 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 62.080 DZ Bank AG Deutsche 9.250 6/24/2022 EUR 67.790 Vontobel Financial P 15.000 6/24/2022 EUR 74.690 Vontobel Financial P 18.000 6/24/2022 EUR 33.770 Vontobel Financial P 6.250 6/24/2022 EUR 72.100 EFG International Fi 16.000 6/23/2022 USD 66.460 Bank Julius Baer & C 13.000 6/22/2022 CHF 50.450 Vontobel Financial P 16.000 6/24/2022 EUR 60.860 Vontobel Financial P 17.000 6/24/2022 EUR 69.780 Vontobel Financial P 9.500 6/24/2022 EUR 62.990 Leonteq Securities A 22.790 6/22/2022 CHF 40.440 Vontobel Financial P 7.500 6/24/2022 EUR 67.210 Vontobel Financial P 12.000 6/24/2022 EUR 74.010 UBS AG/London 11.250 07/01/2022 CHF 59.450 UniCredit Bank AG 6.000 7/28/2023 EUR 39.440 UBS AG/London 10.000 07/08/2022 CHF 53.050 Societe Generale SA 9.000 7/22/2022 USD 48.700 Vontobel Financial P 12.000 6/24/2022 EUR 43.330 Leonteq Securities A 2.800 7/29/2022 EUR 61.250 Leonteq Securities A 22.450 7/29/2022 CHF 42.360 Vontobel Financial P 12.500 6/24/2022 EUR 72.950 Vontobel Financial P 8.250 6/24/2022 EUR 64.730 Leonteq Securities A 10.000 11/02/2022 CHF 58.150 DZ Bank AG Deutsche 5.500 6/20/2022 EUR 73.900 DZ Bank AG Deutsche 5.100 9/19/2022 EUR 74.660 Societe Generale Eff 4.750 6/24/2022 EUR 54.180 BNP Paribas Issuance 9.000 5/18/2022 SEK 67.560 Vontobel Financial P 9.000 6/24/2022 EUR 68.010 Vontobel Financial P 14.750 6/24/2022 EUR 34.950 Zurcher Kantonalbank 12.500 08/09/2022 EUR 58.360 Bank Vontobel AG 7.550 1/30/2023 CHF 71.900 Leonteq Securities A 6.200 5/20/2022 EUR 46.220 Societe Generale Eff 15.750 5/27/2022 EUR 46.730 Vontobel Financial P 5.750 6/24/2022 EUR 72.060 Leonteq Securities A 12.000 7/29/2022 CHF 67.860 Leonteq Securities A 20.000 7/29/2022 CHF 48.170 Societe Generale Eff 3.000 7/22/2022 USD 9.920 Vontobel Financial P 7.250 6/24/2022 EUR 74.390 Vontobel Financial P 11.750 6/24/2022 EUR 50.170 Vontobel Financial P 9.750 6/24/2022 EUR 73.000 Societe Generale Eff 11.750 5/27/2022 EUR 52.350 Vontobel Financial P 12.250 6/24/2022 EUR 66.090 Vontobel Financial P 13.000 6/24/2022 EUR 72.340 Landesbank Baden-Wue 3.50012/22/2023 EUR 73.170 Vontobel Financial P 8.250 6/24/2022 EUR 56.800 Vontobel Financial P 17.750 6/24/2022 EUR 39.250 Societe Generale Eff 5.750 5/27/2022 EUR 68.930 Societe Generale Eff 13.750 5/27/2022 EUR 49.250 Leonteq Securities A 5.000 1/30/2023 USD 56.820 DZ Bank AG Deutsche 4.700 6/20/2022 EUR 75.240 DZ Bank AG Deutsche 5.600 9/19/2022 EUR 73.750 Vontobel Financial P 7.000 6/24/2022 EUR 73.990 UBS AG/London 9.75012/23/2022 CHF 62.800 UBS AG/London 9.250 6/23/2023 USD 68.300 UBS AG/London 7.750 6/23/2023 CHF 66.850 Vontobel Financial P 7.000 9/23/2022 EUR 71.710 Vontobel Financial P 10.500 9/23/2022 EUR 66.550 Vontobel Financial P 7.000 6/24/2022 EUR 71.840 Landesbank Baden-Wue 4.600 8/25/2023 EUR 74.970 Vontobel Financial P 12.000 9/23/2022 EUR 67.280 Vontobel Financial P 11.500 6/24/2022 EUR 67.900 DZ Bank AG Deutsche 4.75012/19/2022 EUR 75.240 DZ Bank AG Deutsche 9.50012/19/2022 EUR 74.540 Leonteq Securities A 24.610 7/15/2022 CHF 63.000 Leonteq Securities A 28.010 4/19/2022 CHF 16.050 Vontobel Financial P 9.000 6/24/2022 EUR 72.290 EFG International Fi 8.000 1/19/2023 CHF 68.110 DZ Bank AG Deutsche 9.000 8/26/2022 EUR 74.450 DZ Bank AG Deutsche 7.80012/23/2022 EUR 75.800 DZ Bank AG Deutsche 14.400 6/24/2022 EUR 72.800 DZ Bank AG Deutsche 11.700 8/26/2022 EUR 71.830 Leonteq Securities A 8.00012/20/2022 CHF 59.730 Goldman Sachs & Co W 7.000 5/25/2022 EUR 69.730 Goldman Sachs & Co W 7.000 6/22/2022 EUR 69.770 Leonteq Securities A 10.000 3/17/2023 CHF 69.210 DZ Bank AG Deutsche 8.250 3/23/2022 EUR 71.590 DZ Bank AG Deutsche 9.500 6/22/2022 EUR 65.290 UniCredit Bank AG 5.350 2/27/2023 EUR 55.500 Vontobel Financial P 9.500 6/24/2022 EUR 71.480 Vontobel Financial P 11.500 6/24/2022 EUR 69.000 Vontobel Financial P 13.500 6/24/2022 EUR 70.440 Vontobel Financial P 14.000 6/24/2022 EUR 66.880 Vontobel Financial P 10.500 6/24/2022 EUR 74.120 Vontobel Financial P 7.000 6/24/2022 EUR 65.030 Vontobel Financial P 8.500 6/24/2022 EUR 62.110 Vontobel Financial P 9.000 6/24/2022 EUR 64.300 Zurcher Kantonalbank 8.000 07/01/2022 CHF 67.890 Zurcher Kantonalbank 18.000 07/01/2022 USD 74.840 Zurcher Kantonalbank 8.750 07/01/2022 CHF 68.980 Vontobel Financial P 7.500 6/24/2022 EUR 61.590 Vontobel Financial P 8.000 6/24/2022 EUR 68.660 Vontobel Financial P 20.500 6/24/2022 EUR 64.040 Vontobel Financial P 6.000 6/24/2022 EUR 67.930 Raiffeisen Schweiz G 10.00012/14/2022 CHF 64.920 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 72.130 DZ Bank AG Deutsche 6.750 9/21/2022 EUR 73.170 DZ Bank AG Deutsche 11.750 3/23/2022 EUR 64.260 DZ Bank AG Deutsche 8.000 9/21/2022 EUR 66.700 DZ Bank AG Deutsche 10.000 3/23/2022 EUR 68.970 Vontobel Financial P 3.750 01/03/2023 EUR 44.400 Vontobel Financial P 13.500 6/24/2022 EUR 58.060 Vontobel Financial P 7.500 6/24/2022 EUR 74.190 Vontobel Financial P 5.000 6/24/2022 EUR 57.660 Leonteq Securities A 15.000 6/15/2022 CHF 31.720 Bank Julius Baer & C 7.450 9/26/2022 USD 56.750 Vontobel Financial P 7.000 6/24/2022 EUR 65.860 Vontobel Financial P 10.000 6/24/2022 EUR 61.530 Vontobel Financial P 6.000 6/24/2022 EUR 61.380 Vontobel Financial P 6.500 6/24/2022 EUR 63.580 Vontobel Financial P 11.000 6/24/2022 EUR 69.070 Vontobel Financial P 15.500 6/24/2022 EUR 65.140 Corner Banca SA 10.40012/14/2022 CHF 49.400 Vontobel Financial P 7.000 6/24/2022 EUR 66.390 UBS AG/London 10.25012/23/2022 CHF 63.050 UBS AG/London 8.250 6/23/2022 CHF 37.950 UBS AG/London 8.000 6/23/2022 USD 59.350 Credit Suisse AG/Lon 15.000 6/14/2022 CHF 63.380 UBS AG/London 16.75012/23/2022 CHF 52.800 Credit Suisse AG/Lon 11.000 6/15/2022 CHF 43.820 Raiffeisen Schweiz G 8.000 9/14/2022 EUR 64.340 Vontobel Financial P 15.500 6/24/2022 EUR 72.400 Vontobel Financial P 13.500 6/24/2022 EUR 66.130 Vontobel Financial P 16.000 6/24/2022 EUR 63.510 Societe Generale Eff 8.500 7/22/2022 EUR 64.810 Societe Generale Eff 8.000 7/22/2022 EUR 55.420 Zurcher Kantonalbank 11.000 6/22/2022 USD 65.330 Bank Julius Baer & C 15.000 6/15/2022 USD 69.900 Vontobel Financial P 6.000 6/24/2022 EUR 57.950 Vontobel Financial P 5.000 6/24/2022 EUR 61.090 Vontobel Financial P 8.000 6/24/2022 EUR 64.010 Leonteq Securities A 20.000 6/15/2022 CHF 45.520 Vontobel Financial P 12.000 6/24/2022 EUR 72.210 UBS AG/London 6.800 6/15/2026 USD 72.450 Vontobel Financial P 7.000 6/24/2022 EUR 58.240 Vontobel Financial P 7.000 6/24/2022 EUR 63.720 Vontobel Financial P 14.500 6/24/2022 EUR 74.800 Vontobel Financial P 9.000 6/24/2022 EUR 71.970 Vontobel Financial P 16.000 6/24/2022 EUR 55.730 Vontobel Financial P 8.500 6/24/2022 EUR 72.120 Vontobel Financial P 8.000 6/24/2022 EUR 75.840 Vontobel Financial P 5.500 6/24/2022 EUR 55.750 Vontobel Financial P 18.000 6/24/2022 EUR 56.240 Vontobel Financial P 18.000 6/24/2022 EUR 71.530 Vontobel Financial P 11.000 6/24/2022 EUR 69.310 Vontobel Financial P 10.000 6/24/2022 EUR 67.590 Vontobel Financial P 14.500 6/24/2022 EUR 73.260 Vontobel Financial P 8.500 6/24/2022 EUR 72.780 Raiffeisen Schweiz G 11.00012/14/2022 CHF 69.810 Vontobel Financial P 20.500 6/24/2022 EUR 59.020 Societe Generale Eff 16.500 6/24/2022 EUR 71.500 Societe Generale Eff 12.000 7/22/2022 EUR 48.570 Societe Generale Eff 14.000 7/22/2022 EUR 46.300 Societe Generale Eff 9.000 7/22/2022 EUR 73.360 Vontobel Financial P 15.000 6/24/2022 EUR 68.790 Societe Generale Eff 9.000 7/22/2022 EUR 73.470 Raiffeisen Switzerla 8.200 11/03/2022 CHF 53.360 Raiffeisen Schweiz G 12.000 05/03/2022 USD 53.750 UniCredit Bank AG 4.200 9/21/2022 EUR 49.890 Zurcher Kantonalbank 12.750 05/11/2022 CHF 78.540 Vontobel Financial P 18.000 6/24/2022 EUR 65.370 DekaBank Deutsche Gi 2.800 05/02/2022 EUR 53.330 Landesbank Baden-Wue 2.300 6/24/2022 EUR 56.610 Landesbank Baden-Wue 3.000 7/22/2022 EUR 64.850 Raiffeisen Switzerla 6.500 11/03/2022 CHF 68.990 Landesbank Baden-Wue 3.300 5/27/2022 EUR 56.570 Landesbank Baden-Wue 4.000 5/27/2022 EUR 46.060 Societe Generale Eff 18.250 6/24/2022 EUR 61.020 Vontobel Financial P 14.500 6/24/2022 EUR 65.160 Vontobel Financial P 9.000 9/23/2022 EUR 68.360 Landesbank Baden-Wue 6.300 8/25/2023 EUR 71.470 Landesbank Baden-Wue 7.800 8/25/2023 EUR 69.280 Landesbank Baden-Wue 6.800 8/25/2023 EUR 49.820 Vontobel Financial P 7.500 9/23/2022 EUR 72.840 Vontobel Financial P 6.500 9/23/2022 EUR 74.570 Landesbank Baden-Wue 4.00010/28/2022 EUR 71.920 Leonteq Securities A 20.000 7/13/2022 CHF 47.530 Vontobel Financial P 14.500 6/24/2022 EUR 68.600 Vontobel Financial P 12.000 6/24/2022 EUR 72.190 Vontobel Financial P 13.750 6/24/2022 EUR 52.160 Vontobel Financial P 17.750 6/24/2022 EUR 55.150 Vontobel Financial P 15.250 9/23/2022 EUR 59.710 Leonteq Securities A 18.000 8/31/2022 CHF 45.680 DZ Bank AG Deutsche 14.600 6/24/2022 EUR 73.310 Goldman Sachs & Co W 7.000 9/21/2022 EUR 71.140 Goldman Sachs & Co W 6.00012/21/2022 EUR 71.900 Goldman Sachs & Co W 6.000 4/21/2022 EUR 72.940 Goldman Sachs & Co W 7.000 7/20/2022 EUR 70.210 Leonteq Securities A 22.220 9/16/2022 CHF 48.720 Leonteq Securities A 22.68010/14/2022 CHF 68.290 Vontobel Financial P 7.500 9/23/2022 EUR 70.350 Vontobel Financial P 13.500 9/23/2022 EUR 63.440 Vontobel Financial P 12.000 6/24/2022 EUR 64.490 Landesbank Baden-Wue 8.800 8/25/2023 EUR 67.500 Landesbank Baden-Wue 4.000 8/25/2023 EUR 63.350 Landesbank Baden-Wue 11.60010/28/2022 EUR 73.750 Landesbank Baden-Wue 5.200 8/25/2023 EUR 51.040 Vontobel Financial P 11.000 9/23/2022 EUR 68.570 Landesbank Baden-Wue 4.400 8/25/2023 EUR 73.970 Leonteq Securities A 12.000 7/15/2022 CHF 61.840 EFG International Fi 9.000 1/16/2023 CHF 49.830 Leonteq Securities A 26.120 8/31/2022 CHF 64.510 Vontobel Financial P 13.000 6/24/2022 EUR 67.210 Vontobel Financial P 16.000 6/24/2022 EUR 64.060 Vontobel Financial P 18.000 6/24/2022 EUR 62.780 Vontobel Financial P 16.000 6/24/2022 EUR 54.820 Vontobel Financial P 11.500 6/24/2022 EUR 68.960 Vontobel Financial P 4.000 6/24/2022 EUR 67.500 Vontobel Financial P 4.500 6/24/2022 EUR 67.630 Vontobel Financial P 11.000 9/23/2022 EUR 72.430 DZ Bank AG Deutsche 20.000 6/24/2022 EUR 67.460 DZ Bank AG Deutsche 15.800 9/23/2022 EUR 70.110 SG Issuer SA 0.021 8/15/2033 EUR 55.280 Societe Generale Eff 10.750 5/27/2022 EUR 58.100 Credit Suisse AG/Lon 6.000 8/22/2022 CHF 71.710 Societe Generale Eff 11.500 6/24/2022 EUR 57.210 Societe Generale Eff 15.500 6/24/2022 EUR 52.020 Societe Generale Eff 12.750 7/22/2022 EUR 55.680 Societe Generale Eff 14.750 7/22/2022 EUR 53.230 Societe Generale Eff 11.750 8/26/2022 EUR 57.610 Societe Generale Eff 13.750 8/26/2022 EUR 54.840 Vontobel Financial P 12.000 9/23/2022 EUR 72.970 Vontobel Financial P 10.000 6/24/2022 EUR 69.790 Vontobel Financial P 14.000 6/24/2022 EUR 70.930 Vontobel Financial P 13.500 6/24/2022 EUR 70.790 Landesbank Baden-Wue 2.700 7/22/2022 EUR 57.530 DZ Bank AG Deutsche 20.400 6/24/2022 EUR 69.450 Societe Generale Eff 11.250 6/24/2022 EUR 71.520 Societe Generale Eff 14.750 6/24/2022 EUR 41.090 Societe Generale Eff 8.250 7/22/2022 EUR 49.150 Credit Suisse AG/Lon 6.000 8/24/2022 CHF 71.170 Bank Julius Baer & C 6.750 12/01/2022 CHF 76.950 Landesbank Baden-Wue 9.300 9/23/2022 EUR 66.930 Landesbank Baden-Wue 1.750 9/23/2022 EUR 66.080 Landesbank Baden-Wue 4.000 9/23/2022 EUR 77.490 Leonteq Securities A 24.48010/14/2022 CHF 52.210 Bank Julius Baer & C 10.250 7/18/2022 CHF 50.450 Societe Generale Eff 12.500 6/24/2022 EUR 72.210 Societe Generale Eff 18.000 5/27/2022 EUR 37.290 Raiffeisen Schweiz G 18.520 7/13/2022 CHF 47.480 Basler Kantonalbank 12.00010/14/2022 CHF 69.960 Landesbank Baden-Wue 7.500 7/22/2022 EUR 74.810 Societe Generale Eff 9.500 6/24/2022 EUR 61.200 Societe Generale Eff 13.500 6/24/2022 EUR 54.260 Societe Generale Eff 19.500 6/24/2022 EUR 48.800 Societe Generale Eff 17.750 8/26/2022 EUR 51.140 Societe Generale Eff 8.00010/28/2022 EUR 65.410 Landesbank Baden-Wue 3.300 7/22/2022 EUR 73.660 DZ Bank AG Deutsche 24.000 6/24/2022 EUR 49.710 Landesbank Baden-Wue 3.150 7/22/2022 EUR 70.100 Landesbank Baden-Wue 4.700 7/22/2022 EUR 66.040 Societe Generale Eff 3.000 6/24/2022 EUR 71.010 Societe Generale Eff 6.250 7/22/2022 EUR 53.800 Landesbank Baden-Wue 9.250 7/22/2022 EUR 45.050 Raiffeisen Schweiz G 4.500 2/21/2023 CHF 73.470 Raiffeisen Schweiz G 6.000 8/24/2022 CHF 72.360 Bank Julius Baer & C 26.650 5/31/2022 USD 51.000 Leonteq Securities A 14.00011/30/2022 CHF 67.300 Corner Banca SA 8.200 8/30/2023 CHF 71.910 EFG International Fi 22.900 6/15/2022 CHF 47.200 Societe Generale Eff 9.750 8/26/2022 EUR 72.300 Bank Julius Baer & C 8.05012/16/2022 USD 61.800 Landesbank Baden-Wue 5.500 9/23/2022 EUR 74.490 Landesbank Baden-Wue 5.800 9/23/2022 EUR 45.740 Landesbank Baden-Wue 9.000 9/23/2022 EUR 41.980 Societe Generale Eff 15.000 5/27/2022 EUR 70.780 Vontobel Financial P 19.000 9/23/2022 EUR 48.630 Vontobel Financial P 17.000 9/23/2022 EUR 62.140 DZ Bank AG Deutsche 6.800 9/19/2022 EUR 71.970 DZ Bank AG Deutsche 5.00012/19/2022 EUR 74.420 Vontobel Financial P 15.000 9/23/2022 EUR 68.630 Vontobel Financial P 6.500 9/23/2022 EUR 63.470 Vontobel Financial P 15.000 9/23/2022 EUR 72.930 Vontobel Financial P 19.500 6/24/2022 EUR 69.440 Vontobel Financial P 9.500 9/23/2022 EUR 64.280 Vontobel Financial P 4.500 6/24/2022 EUR 62.610 Vontobel Financial P 5.000 9/23/2022 EUR 66.100 Vontobel Financial P 5.500 6/24/2022 EUR 66.940 Vontobel Financial P 18.500 9/23/2022 EUR 63.530 Vontobel Financial P 20.000 9/23/2022 EUR 64.280 DZ Bank AG Deutsche 8.750 3/23/2022 EUR 71.150 DZ Bank AG Deutsche 8.250 3/23/2022 EUR 71.370 Zurcher Kantonalbank 15.000 7/20/2022 CHF 61.440 Zurcher Kantonalbank 15.000 7/19/2022 CHF 70.630 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 73.010 DZ Bank AG Deutsche 6.600 9/19/2022 EUR 74.830 Societe Generale Eff 11.000 5/27/2022 EUR 71.380 Vontobel Financial P 10.500 9/23/2022 EUR 71.200 Societe Generale Eff 9.250 9/23/2022 EUR 73.960 DZ Bank AG Deutsche 6.300 6/20/2022 EUR 75.030 DZ Bank AG Deutsche 7.200 6/20/2022 EUR 73.700 Societe Generale Eff 11.750 9/23/2022 EUR 47.500 Vontobel Financial P 6.000 9/23/2022 EUR 57.810 Vontobel Financial P 6.000 9/23/2022 EUR 68.510 Vontobel Financial P 4.500 9/23/2022 EUR 71.740 Vontobel Financial P 12.000 9/23/2022 EUR 61.630 UniCredit Bank AG 6.15010/21/2024 EUR 72.750 DZ Bank AG Deutsche 5.60012/19/2022 EUR 73.470 DZ Bank AG Deutsche 6.100 9/19/2022 EUR 72.810 Vontobel Financial P 7.500 9/23/2022 EUR 75.510 Vontobel Financial P 11.000 9/23/2022 EUR 71.580 Vontobel Financial P 11.500 9/23/2022 EUR 69.600 Vontobel Financial P 16.500 9/23/2022 EUR 64.970 Vontobel Financial P 13.000 9/23/2022 EUR 67.510 Vontobel Financial P 15.000 9/23/2022 EUR 68.580 Vontobel Financial P 20.000 9/23/2022 EUR 70.820 Vontobel Financial P 21.000 6/24/2022 EUR 68.060 Vontobel Financial P 23.000 6/24/2022 EUR 66.890 Vontobel Financial P 9.000 9/23/2022 EUR 70.980 Vontobel Financial P 18.000 9/23/2022 EUR 57.360 Vontobel Financial P 7.000 6/24/2022 EUR 61.710 Vontobel Financial P 12.500 9/23/2022 EUR 74.710 Vontobel Financial P 4.500 9/23/2022 EUR 64.880 Raiffeisen Schweiz G 10.000 10/12/2022 EUR 70.140 Landesbank Baden-Wue 8.750 7/22/2022 EUR 46.520 UniCredit Bank AG 8.130 8/26/2022 EUR 53.330 Societe Generale Eff 10.750 7/22/2022 EUR 58.960 Societe Generale Eff 16.750 7/22/2022 EUR 51.320 Societe Generale Eff 5.000 9/23/2022 EUR 75.490 Societe Generale Eff 17.000 9/23/2022 EUR 52.130 Landesbank Baden-Wue 4.300 7/22/2022 EUR 71.560 Vontobel Financial P 11.500 6/24/2022 EUR 70.210 Landesbank Baden-Wue 6.500 7/22/2022 EUR 62.540 Landesbank Baden-Wue 10.000 7/22/2022 EUR 74.340 Landesbank Baden-Wue 4.000 7/22/2022 EUR 58.230 Societe Generale Eff 12.750 6/24/2022 EUR 42.830 Leonteq Securities A 13.00011/30/2022 USD 51.530 EFG International Fi 14.00010/13/2022 CHF 58.320 DZ Bank AG Deutsche 6.20012/19/2022 EUR 72.790 Vontobel Financial P 14.000 9/23/2022 EUR 67.110 Vontobel Financial P 19.500 9/23/2022 EUR 63.410 Vontobel Financial P 9.000 9/23/2022 EUR 72.450 Vontobel Financial P 11.500 9/23/2022 EUR 66.700 Vontobel Financial P 6.000 9/23/2022 EUR 63.200 Vontobel Financial P 7.500 9/23/2022 EUR 64.000 Vontobel Financial P 19.500 9/23/2022 EUR 69.630 Leonteq Securities A 24.000 10/11/2022 CHF 76.850 Vontobel Financial P 13.000 9/23/2022 EUR 75.960 Vontobel Financial P 16.000 6/24/2022 EUR 58.020 Vontobel Financial P 14.000 6/24/2022 EUR 69.020 Vontobel Financial P 16.000 6/24/2022 EUR 67.350 Vontobel Financial P 5.000 6/24/2022 EUR 67.120 Vontobel Financial P 14.000 9/23/2022 EUR 69.520 Vontobel Financial P 9.500 9/23/2022 EUR 73.740 Vontobel Financial P 8.000 9/23/2022 EUR 75.370 Vontobel Financial P 11.000 9/23/2022 EUR 72.220 EFG International Fi 22.000 9/15/2022 CHF 43.460 Vontobel Financial P 10.500 6/24/2022 EUR 73.820 Vontobel Financial P 9.500 6/24/2022 EUR 59.880 Vontobel Financial P 13.500 6/24/2022 EUR 56.250 Vontobel Financial P 11.500 6/24/2022 EUR 57.970 Leonteq Securities A 6.000 2/20/2023 CHF 64.980 Vontobel Financial P 18.000 6/24/2022 EUR 53.420 Vontobel Financial P 19.500 6/24/2022 EUR 70.250 Vontobel Financial P 17.000 6/24/2022 EUR 69.540 Vontobel Financial P 11.500 6/24/2022 EUR 72.830 Vontobel Financial P 5.000 9/23/2022 EUR 68.370 Vontobel Financial P 4.000 6/24/2022 EUR 52.530 DZ Bank AG Deutsche 14.200 9/23/2022 EUR 66.380 Vontobel Financial P 3.500 9/23/2022 EUR 53.160 Landesbank Baden-Wue 5.850 7/22/2022 EUR 51.110 Landesbank Baden-Wue 2.300 7/22/2022 EUR 73.110 Societe Generale Eff 12.250 7/22/2022 EUR 43.720 Landesbank Baden-Wue 3.150 7/22/2022 EUR 52.480 DZ Bank AG Deutsche 20.200 6/24/2022 EUR 39.530 DZ Bank AG Deutsche 15.400 9/23/2022 EUR 57.200 DZ Bank AG Deutsche 21.100 9/23/2022 EUR 52.920 DZ Bank AG Deutsche 16.500 6/24/2022 EUR 74.890 DZ Bank AG Deutsche 13.500 6/24/2022 EUR 75.180 DZ Bank AG Deutsche 15.500 6/24/2022 EUR 73.090 DZ Bank AG Deutsche 17.600 6/24/2022 EUR 71.310 DZ Bank AG Deutsche 21.000 6/24/2022 EUR 68.750 DZ Bank AG Deutsche 12.900 9/23/2022 EUR 76.100 DZ Bank AG Deutsche 10.750 3/23/2022 EUR 71.840 DZ Bank AG Deutsche 8.500 7/20/2022 EUR 72.790 DZ Bank AG Deutsche 14.800 9/23/2022 EUR 72.130 DZ Bank AG Deutsche 8.500 6/20/2022 EUR 71.110 DZ Bank AG Deutsche 14.400 9/23/2022 EUR 72.670 Zurcher Kantonalbank 10.000 7/20/2022 CHF 72.220 DZ Bank AG Deutsche 16.00010/26/2022 EUR 73.200 Societe Generale Eff 5.750 9/23/2022 EUR 57.480 Societe Generale Eff 9.750 9/23/2022 EUR 49.740 EFG International Fi 8.160 2/26/2025 EUR 74.120 UniCredit Bank AG 10.400 08/11/2022 EUR 64.330 Leonteq Securities A 22.440 10/11/2022 CHF 45.160 Vontobel Financial P 16.500 6/24/2022 EUR 75.040 Vontobel Financial P 10.000 9/23/2022 EUR 63.600 Vontobel Financial P 22.000 6/24/2022 EUR 69.110 Vontobel Financial P 8.000 6/24/2022 EUR 65.460 Vontobel Financial P 10.000 6/24/2022 EUR 72.740 Vontobel Financial P 12.500 9/23/2022 EUR 70.820 Vontobel Financial P 8.500 6/24/2022 EUR 74.970 Vontobel Financial P 18.000 6/24/2022 EUR 65.830 Vontobel Financial P 15.000 9/23/2022 EUR 73.550 Vontobel Financial P 15.500 9/23/2022 EUR 68.330 Vontobel Financial P 7.000 6/24/2022 EUR 77.320 UniCredit Bank AG 11.900 11/09/2022 EUR 47.820 Vontobel Financial P 10.000 9/23/2022 EUR 66.600 Vontobel Financial P 14.500 6/24/2022 EUR 65.650 Societe Generale Eff 8.250 9/23/2022 EUR 75.200 Societe Generale Eff 3.750 9/23/2022 EUR 64.890 Societe Generale Eff 7.750 9/23/2022 EUR 52.870 Societe Generale Eff 13.750 9/23/2022 EUR 45.850 Vontobel Financial P 16.000 6/24/2022 EUR 72.400 Vontobel Financial P 15.000 9/23/2022 EUR 73.480 Vontobel Financial P 14.000 9/23/2022 EUR 73.900 SG Issuer SA 0.021 07/07/2033 EUR 66.350 EFG International Fi 6.200 2/20/2023 CHF 75.200 Raiffeisen Schweiz G 4.600 2/20/2023 CHF 73.800 Vontobel Financial P 19.000 6/24/2022 EUR 71.890 Vontobel Financial P 16.500 9/23/2022 EUR 58.750 Vontobel Financial P 13.000 6/24/2022 EUR 60.090 Vontobel Financial P 15.500 6/24/2022 EUR 73.080 Vontobel Financial P 18.500 6/24/2022 EUR 70.990 Vontobel Financial P 7.000 9/23/2022 EUR 77.350 Vontobel Financial P 21.500 6/24/2022 EUR 73.360 Vontobel Financial P 17.000 9/23/2022 EUR 67.260 Vontobel Financial P 14.500 6/24/2022 EUR 65.580 Vontobel Financial P 11.500 9/23/2022 EUR 67.390 Vontobel Financial P 13.500 9/23/2022 EUR 68.480 EFG International Fi 8.620 8/24/2022 CHF 73.560 Vontobel Financial P 10.000 6/24/2022 EUR 64.350 Vontobel Financial P 7.000 6/24/2022 EUR 63.290 Vontobel Financial P 7.500 6/24/2022 EUR 62.010 Vontobel Financial P 12.500 6/24/2022 EUR 57.080 Vontobel Financial P 19.500 6/24/2022 EUR 52.900 Leonteq Securities A 6.800 2/20/2023 CHF 70.980 Vontobel Financial P 4.500 9/23/2022 EUR 68.560 DZ Bank AG Deutsche 22.900 9/23/2022 EUR 65.280 DZ Bank AG Deutsche 16.400 9/23/2022 EUR 43.320 DZ Bank AG Deutsche 13.400 9/23/2022 EUR 78.050 Societe Generale Eff 20.750 5/27/2022 EUR 47.450 Societe Generale Eff 4.750 7/22/2022 EUR 79.100 Societe Generale Eff 15.750 8/26/2022 EUR 52.740 Societe Generale Eff 11.000 9/23/2022 EUR 59.100 Vontobel Financial P 9.500 9/23/2022 EUR 71.630 Vontobel Financial P 9.000 6/24/2022 EUR 69.500 Vontobel Financial P 10.500 6/24/2022 EUR 69.930 Vontobel Financial P 12.500 6/24/2022 EUR 70.500 DZ Bank AG Deutsche 24.400 6/24/2022 EUR 60.930 Landesbank Baden-Wue 8.550 7/22/2022 EUR 45.950 Vontobel Financial P 17.500 9/23/2022 EUR 71.610 Leonteq Securities A 24.120 10/12/2022 CHF 68.320 Vontobel Financial P 8.000 9/23/2022 EUR 65.880 Vontobel Financial P 5.500 6/24/2022 EUR 68.750 Vontobel Financial P 16.500 6/24/2022 EUR 74.890 EFG International Fi 12.000 3/15/2023 CHF 70.890 Vontobel Financial P 12.000 6/24/2022 EUR 70.790 Vontobel Financial P 17.000 6/24/2022 EUR 54.100 Vontobel Financial P 8.500 6/24/2022 EUR 60.920 Vontobel Financial P 14.500 6/24/2022 EUR 55.450 Vontobel Financial P 12.000 9/23/2022 EUR 71.280 Vontobel Financial P 14.500 6/24/2022 EUR 68.810 Vontobel Financial P 5.000 9/23/2022 EUR 68.830 Vontobel Financial P 5.000 6/24/2022 EUR 67.780 Vontobel Financial P 16.000 6/24/2022 EUR 73.550 Vontobel Financial P 3.000 6/24/2022 EUR 52.250 EFG International Fi 15.000 9/15/2022 USD 45.580 Landesbank Baden-Wue 3.100 7/22/2022 EUR 59.140 Societe Generale Eff 18.750 7/22/2022 EUR 49.810 Societe Generale Eff 9.750 8/26/2022 EUR 61.330 Societe Generale Eff 9.000 9/23/2022 EUR 63.140 Landesbank Baden-Wue 6.000 7/22/2022 EUR 49.750 Landesbank Baden-Wue 2.000 7/22/2022 EUR 64.180 Landesbank Baden-Wue 6.250 7/22/2022 EUR 54.050 Societe Generale Eff 9.000 6/24/2022 EUR 49.580 Societe Generale Eff 10.750 6/24/2022 EUR 45.020 Societe Generale Eff 4.250 7/22/2022 EUR 61.400 Societe Generale Eff 10.250 7/22/2022 EUR 46.010 Societe Generale Eff 14.250 7/22/2022 EUR 41.950 Vontobel Financial P 9.500 6/24/2022 EUR 48.980 Vontobel Financial P 15.750 6/24/2022 EUR 71.210 Landesbank Baden-Wue 4.500 7/22/2022 EUR 49.970 Landesbank Baden-Wue 7.200 7/22/2022 EUR 46.590 Raiffeisen Schweiz G 5.000 8/24/2022 CHF 71.860 DZ Bank AG Deutsche 5.300 9/19/2022 EUR 73.890 UniCredit Bank AG 10.500 9/23/2024 EUR 75.500 Vontobel Financial P 10.000 6/24/2022 EUR 62.470 Vontobel Financial P 14.000 9/23/2022 EUR 59.940 Vontobel Financial P 12.000 6/24/2022 EUR 70.800 Leonteq Securities A 16.000 8/30/2022 CHF 41.970 Vontobel Financial P 12.500 6/24/2022 EUR 75.400 UniCredit Bank AG 7.400 11/09/2022 EUR 66.500 Vontobel Financial P 19.500 6/24/2022 EUR 61.450 Vontobel Financial P 10.500 6/24/2022 EUR 58.900 Vontobel Financial P 11.500 6/24/2022 EUR 68.870 Vontobel Financial P 4.500 9/23/2022 EUR 62.970 Vontobel Financial P 3.500 9/23/2022 EUR 62.380 Vontobel Financial P 4.000 6/24/2022 EUR 61.740 Vontobel Financial P 4.000 9/23/2022 EUR 68.300 EFG International Fi 24.360 5/27/2022 CHF 35.990 Leonteq Securities A 22.260 8/26/2022 CHF 60.300 DZ Bank AG Deutsche 8.500 6/22/2022 EUR 71.840 DZ Bank AG Deutsche 8.500 3/23/2022 EUR 71.330 DZ Bank AG Deutsche 12.75010/26/2022 EUR 69.520 Zurcher Kantonalbank 17.250 09/02/2022 CHF 39.220 Bank Julius Baer & C 7.750 7/15/2022 USD 63.700 Vontobel Financial P 15.000 9/23/2022 EUR 79.220 Vontobel Financial P 12.000 9/23/2022 EUR 67.480 Vontobel Financial P 16.500 9/23/2022 EUR 72.640 Vontobel Financial P 18.500 9/23/2022 EUR 71.070 Landesbank Baden-Wue 4.50010/28/2022 EUR 71.590 Vontobel Financial P 13.500 9/23/2022 EUR 66.340 Vontobel Financial P 8.500 9/23/2022 EUR 71.220 Vontobel Financial P 10.000 6/24/2022 EUR 69.540 Vontobel Financial P 8.000 9/23/2022 EUR 72.020 Landesbank Baden-Wue 6.100 8/25/2023 EUR 59.600 DZ Bank AG Deutsche 7.000 9/19/2022 EUR 74.720 Leonteq Securities A 9.000 7/15/2022 CHF 74.080 Vontobel Financial P 20.000 6/24/2022 EUR 73.550 Vontobel Financial P 9.500 6/24/2022 EUR 62.980 Vontobel Financial P 9.000 6/24/2022 EUR 68.980 Vontobel Financial P 5.000 9/23/2022 EUR 63.860 Vontobel Financial P 9.500 6/24/2022 EUR 73.230 Vontobel Financial P 5.500 9/23/2022 EUR 59.820 Vontobel Financial P 3.500 9/23/2022 EUR 64.370 Vontobel Financial P 6.000 9/23/2022 EUR 71.320 Zurcher Kantonalbank 9.500 7/22/2022 CHF 72.930 Zurcher Kantonalbank 20.000 7/22/2022 USD 50.380 Vontobel Financial P 15.500 9/23/2022 EUR 62.010 Vontobel Financial P 6.500 9/23/2022 EUR 59.550 Vontobel Financial P 16.500 8/31/2022 EUR 68.510 Sberbank of Russia P 0.010 2/26/2025 RUB 63.200 EFG International Fi 10.030 7/26/2022 USD 63.360 Landesbank Baden-Wue 3.600 9/23/2022 EUR 61.380 Vontobel Financial P 9.250 6/24/2022 EUR 74.130 DZ Bank AG Deutsche 9.000 9/21/2022 EUR 68.460 DZ Bank AG Deutsche 6.000 6/20/2022 EUR 74.560 Bank Julius Baer & C 15.000 7/13/2022 USD 72.200 DZ Bank AG Deutsche 18.600 9/23/2022 EUR 67.490 Bank Julius Baer & C 14.500 1/13/2023 USD 42.250 Vontobel Financial P 13.400 8/29/2022 EUR 67.820 EFG International Fi 6.000 7/13/2022 EUR 68.580 Societe Generale Eff 13.000 5/27/2022 EUR 69.190 Societe Generale Eff 10.500 9/23/2022 EUR 70.330 Leonteq Securities A 10.000 2/27/2023 CHF 75.320 DZ Bank AG Deutsche 17.500 6/24/2022 EUR 74.520 Vontobel Financial P 11.000 6/24/2022 EUR 71.920 Vontobel Financial P 16.500 9/23/2022 EUR 71.490 Vontobel Financial P 9.500 9/23/2022 EUR 73.540 Vontobel Financial P 13.000 9/23/2022 EUR 61.630 Vontobel Financial P 11.500 9/23/2022 EUR 52.700 Vontobel Financial P 7.500 9/23/2022 EUR 58.570 Vontobel Financial P 13.000 9/23/2022 EUR 61.330 Vontobel Financial P 9.000 6/24/2022 EUR 65.020 Vontobel Financial P 22.000 9/23/2022 EUR 65.290 Raiffeisen Schweiz G 12.00010/13/2022 CHF 76.480 Vontobel Financial P 8.000 9/23/2022 EUR 65.400 DZ Bank AG Deutsche 15.900 6/24/2022 EUR 74.070 DZ Bank AG Deutsche 18.500 6/24/2022 EUR 70.020 Vontobel Financial P 17.500 6/24/2022 EUR 70.780 Vontobel Financial P 12.000 6/24/2022 EUR 71.960 Vontobel Financial P 8.500 9/23/2022 EUR 68.090 Raiffeisen Schweiz G 18.000 8/30/2022 CHF 51.210 Landesbank Baden-Wue 2.850 9/23/2022 EUR 62.170 Landesbank Baden-Wue 4.700 9/23/2022 EUR 58.440 UniCredit Bank AG 7.45011/18/2024 EUR 62.140 DZ Bank AG Deutsche 7.750 9/21/2022 EUR 60.620 DZ Bank AG Deutsche 7.750 3/23/2022 EUR 73.560 Landesbank Baden-Wue 6.000 9/23/2022 EUR 57.730 Landesbank Baden-Wue 5.500 9/23/2022 EUR 76.440 Landesbank Baden-Wue 6.800 9/23/2022 EUR 51.590 Landesbank Baden-Wue 4.000 9/23/2022 EUR 49.280 Vontobel Financial P 17.000 9/23/2022 EUR 62.770 Vontobel Financial P 19.500 6/24/2022 EUR 60.160 Vontobel Financial P 10.000 6/24/2022 EUR 59.170 Vontobel Financial P 12.500 6/24/2022 EUR 72.490 Vontobel Financial P 14.000 6/24/2022 EUR 72.910 Vontobel Financial P 13.500 6/24/2022 EUR 72.880 Bank Vontobel AG 9.502 12/12/2022 CHF 69.000 DZ Bank AG Deutsche 15.400 6/24/2022 EUR 59.150 DZ Bank AG Deutsche 17.400 6/24/2022 EUR 56.240 DZ Bank AG Deutsche 19.500 6/24/2022 EUR 53.730 DZ Bank AG Deutsche 6.200 6/24/2022 EUR 69.750 DZ Bank AG Deutsche 8.300 6/24/2022 EUR 66.680 UBS AG/London 7.250 07/05/2022 EUR 72.120 DZ Bank AG Deutsche 16.800 6/24/2022 EUR 64.180 Vontobel Financial P 8.500 6/24/2022 EUR 69.550 Bank Vontobel AG 9.750 12/12/2022 CHF 66.300 Bank Vontobel AG 7.502 12/12/2022 CHF 66.000 Bank Vontobel AG 15.001 9/13/2022 CHF 48.100 BNP Paribas Issuance 4.36012/14/2022 EUR 81.500 Landesbank Baden-Wue 8.600 6/24/2022 EUR 42.320 DZ Bank AG Deutsche 10.800 6/24/2022 EUR 64.180 Landesbank Baden-Wue 6.500 7/22/2022 EUR 73.170 Vontobel Financial P 8.750 6/24/2022 EUR 74.230 Landesbank Baden-Wue 1.500 6/24/2022 EUR 72.600 Landesbank Baden-Wue 5.100 6/24/2022 EUR 48.670 DZ Bank AG Deutsche 24.400 6/24/2022 EUR 54.470 DZ Bank AG Deutsche 16.900 6/24/2022 EUR 44.980 DZ Bank AG Deutsche 20.000 6/24/2022 EUR 42.270 DZ Bank AG Deutsche 21.700 6/24/2022 EUR 51.560 Landesbank Baden-Wue 8.250 7/22/2022 EUR 70.620 Societe Generale Eff 6.000 7/22/2022 EUR 61.040 Societe Generale Eff 10.000 7/22/2022 EUR 51.450 Vontobel Financial P 9.500 6/24/2022 EUR 45.830 Bank Julius Baer & C 9.000 6/27/2022 CHF 61.300 Bank Julius Baer & C 11.000 6/27/2022 CHF 39.450 Vontobel Financial P 10.500 6/24/2022 EUR 54.580 Vontobel Financial P 13.500 6/24/2022 EUR 70.480 Bank Vontobel AG 9.501 12/12/2022 CHF 69.000 Bank Vontobel AG 8.500 12/12/2022 EUR 63.900 Vontobel Financial P 14.000 6/24/2022 EUR 51.060 Vontobel Financial P 8.500 6/24/2022 EUR 62.080 Vontobel Financial P 11.500 6/24/2022 EUR 70.430 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 58.980 DZ Bank AG Deutsche 19.200 6/24/2022 EUR 61.030 DZ Bank AG Deutsche 15.800 6/24/2022 EUR 55.630 Vontobel Financial P 20.000 6/24/2022 EUR 68.930 DZ Bank AG Deutsche 16.700 6/24/2022 EUR 74.490 DZ Bank AG Deutsche 10.500 3/23/2022 EUR 71.270 DZ Bank AG Deutsche 17.600 6/24/2022 EUR 39.490 Vontobel Financial P 11.000 6/24/2022 EUR 64.030 Landesbank Baden-Wue 5.150 6/24/2022 EUR 74.430 Landesbank Baden-Wue 6.000 6/24/2022 EUR 66.620 DZ Bank AG Deutsche 14.000 6/24/2022 EUR 48.190 Landesbank Baden-Wue 3.250 6/24/2022 EUR 67.930 DZ Bank AG Deutsche 13.800 6/24/2022 EUR 69.060 Leonteq Securities A 6.600 5/25/2022 EUR 74.560 Leonteq Securities A 16.000 06/01/2022 USD 27.500 Leonteq Securities A 11.00011/28/2022 EUR 75.980 Leonteq Securities A 10.000 12/01/2022 USD 52.240 Corner Banca SA 15.000 8/31/2022 EUR 45.030 Leonteq Securities A 15.000 8/31/2022 CHF 67.790 Luzerner Kantonalban 7.500 6/15/2022 CHF 64.440 Leonteq Securities A 11.000 06/01/2022 CHF 61.630 Societe Generale Eff 11.250 6/24/2022 EUR 50.920 Societe Generale Eff 13.250 6/24/2022 EUR 47.920 Vontobel Financial P 18.750 6/24/2022 EUR 27.210 Vontobel Financial P 18.250 6/24/2022 EUR 68.530 Vontobel Financial P 14.750 6/24/2022 EUR 71.830 Societe Generale Eff 11.250 6/24/2022 EUR 64.740 Societe Generale Eff 9.500 6/24/2022 EUR 73.000 Vontobel Financial P 17.000 6/24/2022 EUR 54.490 Vontobel Financial P 14.500 6/24/2022 EUR 25.830 Societe Generale Eff 7.250 6/24/2022 EUR 60.060 Societe Generale Eff 9.250 6/24/2022 EUR 54.780 Societe Generale Eff 12.250 6/24/2022 EUR 70.330 Societe Generale Eff 7.500 6/24/2022 EUR 74.860 Societe Generale Eff 8.500 6/24/2022 EUR 72.790 DZ Bank AG Deutsche 11.750 3/23/2022 EUR 62.100 DZ Bank AG Deutsche 11.000 6/22/2022 EUR 65.650 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 71.570 Vontobel Financial P 15.500 06/02/2022 EUR 74.730 Societe Generale SA 8.510 06/06/2024 USD 74.710 Landesbank Baden-Wue 5.10011/25/2022 EUR 49.350 Landesbank Baden-Wue 7.90011/25/2022 EUR 44.990 Landesbank Baden-Wue 3.80011/25/2022 EUR 67.550 Landesbank Baden-Wue 6.10011/25/2022 EUR 74.200 Landesbank Baden-Wue 3.80011/25/2022 EUR 70.460 Landesbank Baden-Wue 7.85011/25/2022 EUR 69.620 Landesbank Baden-Wue 5.35011/25/2022 EUR 56.340 Vontobel Financial P 7.000 6/24/2022 EUR 67.060 Vontobel Financial P 5.500 3/25/2022 EUR 68.230 DekaBank Deutsche Gi 2.60010/24/2023 EUR 64.460 Danske Bank A/S 7.141 07/09/2023 SEK 73.090 Skandinaviska Enskil 6.800 1/15/2024 SEK 74.380 Landesbank Baden-Wue 2.550 6/23/2023 EUR 74.930 Landesbank Baden-Wue 2.15012/23/2022 EUR 53.030 DekaBank Deutsche Gi 2.50010/24/2023 EUR 64.310 UniCredit Bank AG 4.500 10/05/2022 EUR 58.830 Bank Julius Baer & C 8.000 09/01/2022 CHF 78.050 Bank Julius Baer & C 7.250 06/02/2022 CHF 68.100 Zurcher Kantonalbank 10.000 06/08/2022 USD 46.340 Zurcher Kantonalbank 11.600 06/02/2022 USD 76.140 UniCredit Bank AG 12.000 6/16/2022 EUR 40.360 Societe Generale Eff 15.250 6/24/2022 EUR 45.570 Vontobel Financial P 6.750 6/24/2022 EUR 64.480 Vontobel Financial P 14.250 6/24/2022 EUR 78.530 Vontobel Financial P 9.000 6/24/2022 EUR 74.040 Societe Generale Eff 9.250 6/24/2022 EUR 68.150 Societe Generale Eff 11.000 6/24/2022 EUR 72.570 Societe Generale Eff 12.000 6/24/2022 EUR 70.990 Societe Generale Eff 8.500 6/24/2022 EUR 74.570 Vontobel Financial P 12.500 6/24/2022 EUR 77.620 Societe Generale Eff 5.250 6/24/2022 EUR 67.620 Societe Generale Eff 14.250 6/24/2022 EUR 67.480 DZ Bank AG Deutsche 6.500 3/23/2022 EUR 74.160 DZ Bank AG Deutsche 6.500 9/21/2022 EUR 73.180 Leonteq Securities A 7.400 12/01/2023 USD 75.830 Bank Julius Baer & C 10.000 06/02/2022 CHF 52.650 DZ Bank AG Deutsche 11.000 3/23/2022 EUR 74.710 Raiffeisen Centroban 7.500 07/07/2023 EUR 65.540 Zurcher Kantonalbank 12.500 12/02/2022 EUR 73.550 Vontobel Financial P 23.950 06/03/2022 EUR 20.580 Vontobel Financial P 26.800 06/03/2022 EUR 57.860 Landesbank Baden-Wue 2.00011/25/2022 EUR 72.570 Landesbank Baden-Wue 5.75011/25/2022 EUR 73.720 Landesbank Baden-Wue 2.00011/25/2022 EUR 64.210 Landesbank Baden-Wue 8.50011/25/2022 EUR 50.820 Landesbank Baden-Wue 6.60011/25/2022 EUR 50.870 Vontobel Financial P 16.500 6/24/2022 EUR 59.530 Vontobel Financial P 14.000 3/25/2022 EUR 74.550 Vontobel Financial P 12.500 6/24/2022 EUR 65.060 Vontobel Financial P 7.500 3/25/2022 EUR 68.320 Raiffeisen Switzerla 10.800 04/12/2022 CHF 69.570 Basler Kantonalbank 7.600 4/13/2023 CHF 71.360 Bank Vontobel AG 6.008 10/07/2022 CHF 68.800 Bank Vontobel AG 6.008 04/11/2023 EUR 67.900 Landesbank Baden-Wue 4.550 4/25/2022 EUR 72.350 Landesbank Baden-Wue 7.200 4/25/2022 EUR 40.430 Landesbank Baden-Wue 3.750 4/25/2022 EUR 64.560 Landesbank Baden-Wue 6.800 4/25/2022 EUR 71.840 Landesbank Baden-Wue 5.500 4/25/2022 EUR 75.390 Landesbank Baden-Wue 3.600 4/25/2022 EUR 64.770 Landesbank Baden-Wue 6.700 4/25/2022 EUR 44.940 Landesbank Baden-Wue 10.000 4/25/2022 EUR 40.340 Leonteq Securities A 22.340 4/14/2022 CHF 37.970 Zurcher Kantonalbank 15.000 4/22/2022 CHF 64.970 UBS AG/London 5.000 4/14/2023 CHF 69.450 UBS AG/London 6.250 4/14/2023 CHF 71.300 DZ Bank AG Deutsche 9.500 6/22/2022 EUR 65.290 DZ Bank AG Deutsche 8.700 6/24/2022 EUR 69.430 DZ Bank AG Deutsche 11.800 6/24/2022 EUR 64.720 DZ Bank AG Deutsche 10.800 6/24/2022 EUR 67.350 DZ Bank AG Deutsche 12.300 6/24/2022 EUR 68.340 Leonteq Securities A 11.200 11/07/2022 CHF 68.640 Leonteq Securities A 10.000 11/07/2022 CHF 68.000 Leonteq Securities A 11.000 08/10/2022 CHF 63.890 Landesbank Baden-Wue 3.00012/23/2022 EUR 59.630 Raiffeisen Switzerla 10.000 4/16/2024 USD 69.450 Vontobel Financial P 19.500 6/24/2022 EUR 72.860 Vontobel Financial P 11.500 6/24/2022 EUR 73.260 Vontobel Financial P 14.000 6/24/2022 EUR 70.300 Vontobel Financial P 18.000 6/24/2022 EUR 66.560 LP Portfolio Vagyonk 2.80011/30/2030 HUF 70.600 UniCredit Bank AG 10.600 7/22/2022 EUR 73.890 Leonteq Securities A 9.00010/19/2022 USD 80.470 Vontobel Financial P 13.000 6/24/2022 EUR 66.140 Vontobel Financial P 12.500 6/24/2022 EUR 60.720 VTB Bank PJSC 0.010 05/01/2025 RUB 61.550 Landesbank Baden-Wue 2.75011/25/2022 EUR 60.630 Landesbank Baden-Wue 3.20011/25/2022 EUR 40.240 Landesbank Baden-Wue 5.10011/25/2022 EUR 36.540 UBS AG/London 10.000 06/02/2022 CHF 67.500 UBS AG/London 8.250 12/02/2022 CHF 67.600 Sberbank of Russia P 0.010 12/08/2025 RUB 69.200 Bank Vontobel AG 13.259 7/29/2022 CHF 41.000 Vontobel Financial P 0.212 02/03/2023 EUR 55.900 Raiffeisen Switzerla 9.000 7/29/2022 CHF 65.060 UBS AG/London 11.250 02/03/2023 CHF 62.100 UBS AG/London 8.000 02/03/2023 CHF 67.800 UBS AG/London 10.250 08/03/2022 CHF 65.450 UBS AG/London 15.000 08/03/2022 CHF 63.350 Credit Suisse AG/Lon 2.920 04/02/2022 USD 66.350 Raiffeisen Switzerla 10.100 02/08/2023 CHF 74.730 Societe Generale SA 20.000 2/29/2024 USD 17.600 Leonteq Securities A 9.000 02/08/2023 CHF 65.750 Societe Generale SA 16.000 2/29/2024 USD 24.300 Leonteq Securities A 11.000 05/05/2022 CHF 44.430 Leonteq Securities A 11.000 08/05/2022 CHF 67.520 Raiffeisen Switzerla 7.300 1/25/2023 CHF 67.000 Leonteq Securities A 10.000 4/26/2022 CHF 64.820 Leonteq Securities A 15.000 4/28/2022 CHF 67.290 Corner Banca SA 16.000 4/29/2022 CHF 68.090 Leonteq Securities A 9.000 7/29/2022 CHF 64.930 Leonteq Securities A 15.200 4/29/2022 CHF 69.310 Landesbank Baden-Wue 3.100 8/26/2022 EUR 52.320 Landesbank Baden-Wue 6.000 8/26/2022 EUR 41.920 Landesbank Baden-Wue 8.100 8/26/2022 EUR 37.960 Landesbank Baden-Wue 4.650 8/26/2022 EUR 75.940 Landesbank Baden-Wue 6.450 8/26/2022 EUR 70.480 Landesbank Baden-Wue 2.800 8/26/2022 EUR 70.970 Landesbank Baden-Wue 5.550 8/26/2022 EUR 60.330 Landesbank Baden-Wue 4.050 8/26/2022 EUR 32.840 Landesbank Baden-Wue 3.150 8/26/2022 EUR 71.440 EFG International Fi 4.900 12/04/2023 USD 62.330 Bank Vontobel AG 10.000 5/16/2022 CHF 38.900 Societe Generale Eff 16.465 04/06/2022 EUR 62.020 Leonteq Securities A 10.000 4/26/2022 EUR 71.660 EFG International Fi 4.750 1/29/2024 USD 60.020 EFG International Fi 10.000 7/27/2022 CHF 66.300 Zurcher Kantonalbank 10.000 02/03/2023 CHF 68.460 Leonteq Securities A 9.000 02/01/2023 CHF 64.610 UBS AG/London 12.750 5/18/2022 CHF 71.000 Bank Vontobel AG 7.502 5/30/2022 CHF 67.100 Landesbank Baden-Wue 5.00011/25/2022 EUR 75.540 DZ Bank AG Deutsche 9.500 3/23/2022 EUR 71.610 UBS AG/London 15.000 06/03/2022 USD 41.200 EFG International Fi 10.000 06/02/2022 CHF 57.950 Sberbank of Russia P 0.010 12/02/2025 RUB 70.000 SG Issuer SA 1.05011/20/2025 EUR 17.430 Goldman Sachs & Co W 5.000 9/21/2022 EUR 72.870 Societe Generale Eff 4.750 6/24/2022 EUR 61.190 Societe Generale Eff 6.750 6/24/2022 EUR 54.250 Leonteq Securities A 10.000 07/06/2022 EUR 46.390 Sberbank of Russia P 0.946 2/17/2025 RUB 60.300 DZ Bank AG Deutsche 12.600 6/24/2022 EUR 76.310 DZ Bank AG Deutsche 14.500 6/24/2022 EUR 74.230 DZ Bank AG Deutsche 19.800 6/24/2022 EUR 69.530 SG Issuer SA 0.021 6/14/2033 EUR 71.930 DZ Bank AG Deutsche 8.750 9/21/2022 EUR 70.100 DZ Bank AG Deutsche 8.750 6/22/2022 EUR 72.340 DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.270 DZ Bank AG Deutsche 7.250 6/22/2022 EUR 74.990 Vontobel Financial P 5.750 6/24/2022 EUR 72.270 Leonteq Securities A 7.000 07/06/2022 EUR 38.960 Raiffeisen Schweiz G 12.000 07/12/2022 CHF 70.760 Raiffeisen Schweiz G 14.000 07/12/2022 CHF 46.520 Leonteq Securities A 6.000 8/17/2022 CHF 74.280 DZ Bank AG Deutsche 17.100 6/24/2022 EUR 53.830 DZ Bank AG Deutsche 16.500 6/24/2022 EUR 72.100 DZ Bank AG Deutsche 18.700 6/24/2022 EUR 70.340 DZ Bank AG Deutsche 8.500 3/23/2022 EUR 72.100 Vontobel Financial P 14.000 6/24/2022 EUR 57.170 DZ Bank AG Deutsche 6.000 9/21/2022 EUR 75.710 Leonteq Securities A 24.600 8/26/2022 USD 49.890 Raiffeisen Schweiz G 5.400 8/17/2022 CHF 74.040 Bank Julius Baer & C 9.50010/13/2022 CHF 47.150 Bank Julius Baer & C 6.70010/13/2022 CHF 74.000 Leonteq Securities A 12.000 06/08/2022 CHF 42.100 Leonteq Securities A 11.000 06/07/2022 CHF 60.210 Vontobel Financial P 12.800 06/08/2022 USD 64.170 UniCredit Bank AG 5.800 01/12/2024 EUR 64.360 DZ Bank AG Deutsche 16.400 9/23/2022 EUR 68.750 DZ Bank AG Deutsche 23.000 9/23/2022 EUR 60.520 DZ Bank AG Deutsche 11.100 9/23/2022 EUR 62.590 Vontobel Financial P 12.500 9/23/2022 EUR 70.760 Vontobel Financial P 6.250 6/24/2022 EUR 72.260 UniCredit Bank AG 7.450 09/07/2022 EUR 49.560 DZ Bank AG Deutsche 20.100 9/23/2022 EUR 26.540 DZ Bank AG Deutsche 18.300 9/23/2022 EUR 60.760 DZ Bank AG Deutsche 20.800 9/23/2022 EUR 60.540 Leonteq Securities A 13.000 6/21/2022 CHF 43.930 DZ Bank AG Deutsche 18.000 9/23/2022 EUR 40.920 Vontobel Financial P 11.050 12/08/2022 EUR 61.980 EFG International Fi 6.00012/22/2023 USD 16.150 DZ Bank AG Deutsche 12.900 9/23/2022 EUR 43.560 EFG International Fi 17.000 08/11/2022 CHF 66.040 EFG International Fi 15.000 2/13/2023 EUR 43.920 BNP Paribas Emission 10.000 6/23/2022 EUR 70.920 BNP Paribas Emission 8.000 9/22/2022 EUR 74.140 BNP Paribas Emission 10.000 6/23/2022 EUR 70.930 BNP Paribas Emission 15.000 6/23/2022 EUR 63.070 BNP Paribas Emission 12.000 9/22/2022 EUR 67.060 BNP Paribas Emission 15.000 9/22/2022 EUR 65.980 BNP Paribas Emission 12.00012/22/2022 EUR 68.740 BNP Paribas Emission 14.00012/22/2022 EUR 64.580 BNP Paribas Emission 12.000 9/22/2022 EUR 71.070 Zurcher Kantonalbank 8.00012/14/2022 CHF 70.480 DZ Bank AG Deutsche 15.000 8/24/2022 EUR 64.020 DZ Bank AG Deutsche 11.000 3/23/2022 EUR 68.990 DZ Bank AG Deutsche 10.000 8/24/2022 EUR 71.080 DZ Bank AG Deutsche 12.250 6/22/2022 EUR 73.230 Vontobel Financial P 9.000 6/24/2022 EUR 67.410 Vontobel Financial P 11.500 6/24/2022 EUR 68.020 Vontobel Financial P 8.000 9/23/2022 EUR 73.380 Vontobel Financial P 8.000 6/24/2022 EUR 71.680 Vontobel Financial P 20.000 6/24/2022 EUR 67.800 Vontobel Financial P 24.000 6/24/2022 EUR 56.620 Vontobel Financial P 7.500 9/23/2022 EUR 56.730 Raiffeisen Schweiz G 10.000 02/06/2023 EUR 41.800 Raiffeisen Schweiz G 12.000 11/09/2022 CHF 44.530 EFG International Fi 4.90012/15/2023 USD 62.740 Bank Julius Baer & C 5.250 08/10/2022 CHF 65.900 Leonteq Securities A 12.000 6/15/2022 CHF 40.130 Zurcher Kantonalbank 29.000 8/17/2022 CHF 57.850 DZ Bank AG Deutsche 17.400 6/24/2022 EUR 78.480 DZ Bank AG Deutsche 18.000 9/23/2022 EUR 66.050 DZ Bank AG Deutsche 12.700 9/23/2022 EUR 60.390 Vontobel Financial P 15.000 6/24/2022 EUR 74.920 Vontobel Financial P 9.500 9/23/2022 EUR 69.150 Vontobel Financial P 12.250 6/24/2022 EUR 57.950 Vontobel Financial P 4.050 7/15/2022 EUR 31.860 DZ Bank AG Deutsche 6.50012/19/2022 EUR 74.010 DZ Bank AG Deutsche 8.75012/19/2022 EUR 72.260 Raiffeisen Schweiz G 15.000 9/27/2022 CHF 43.440 Raiffeisen Schweiz G 18.500 9/27/2022 USD 53.900 DZ Bank AG Deutsche 7.500 9/23/2022 EUR 66.100 Vontobel Financial P 11.500 9/23/2022 EUR 65.360 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 72.040 DZ Bank AG Deutsche 9.50012/21/2022 EUR 74.590 DZ Bank AG Deutsche 7.750 3/23/2022 EUR 70.450 DZ Bank AG Deutsche 6.25012/21/2022 EUR 70.740 DZ Bank AG Deutsche 6.500 9/21/2022 EUR 67.610 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 74.670 DZ Bank AG Deutsche 10.50012/21/2022 EUR 71.680 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 66.790 DZ Bank AG Deutsche 7.750 3/23/2022 EUR 61.400 DZ Bank AG Deutsche 5.250 6/22/2022 EUR 65.320 DZ Bank AG Deutsche 6.25012/21/2022 EUR 68.470 DZ Bank AG Deutsche 8.75012/21/2022 EUR 66.950 DZ Bank AG Deutsche 11.50012/21/2022 EUR 72.400 Societe Generale Eff 8.500 8/26/2022 EUR 55.110 Leonteq Securities A 29.500 9/27/2022 CHF 57.370 Zurcher Kantonalbank 20.250 8/16/2022 CHF 64.860 Bank Vontobel AG 9.500 02/06/2023 CHF 68.300 Bank Vontobel AG 11.000 02/06/2023 CHF 65.400 DekaBank Deutsche Gi 2.900 1/13/2023 EUR 55.010 DZ Bank AG Deutsche 6.500 9/19/2022 EUR 75.360 DZ Bank AG Deutsche 4.75012/19/2022 EUR 72.050 DZ Bank AG Deutsche 10.000 9/19/2022 EUR 73.880 Leonteq Securities A 26.460 08/09/2022 CHF 39.620 DZ Bank AG Deutsche 9.000 6/22/2022 EUR 72.320 DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.420 Vontobel Financial P 2.000 9/23/2022 EUR 59.330 Bank Vontobel AG 10.253 6/14/2022 EUR 63.300 Vontobel Financial P 6.500 6/24/2022 EUR 68.070 Vontobel Financial P 16.500 9/23/2022 EUR 70.660 Vontobel Financial P 19.000 9/23/2022 EUR 68.780 Vontobel Financial P 9.000 9/23/2022 EUR 68.300 Raiffeisen Schweiz G 10.250 02/06/2023 CHF 65.450 Vontobel Financial P 13.000 6/24/2022 EUR 74.640 Leonteq Securities A 10.000 6/15/2022 CHF 70.670 Zurcher Kantonalbank 30.000 8/17/2022 USD 43.380 Bank Julius Baer & C 14.500 02/10/2023 CHF 53.300 Leonteq Securities A 22.310 08/10/2022 USD 28.340 EFG International Fi 6.20012/18/2023 USD 15.980 UBS AG/London 22.500 6/16/2022 USD 51.000 UBS AG/London 14.500 6/16/2022 CHF 66.650 UBS AG/London 11.750 6/16/2022 CHF 66.250 Zurcher Kantonalbank 10.000 6/28/2022 CHF 73.520 Zurcher Kantonalbank 10.000 8/18/2022 CHF 53.220 DZ Bank AG Deutsche 18.500 9/23/2022 EUR 75.880 DZ Bank AG Deutsche 14.800 9/23/2022 EUR 72.280 DZ Bank AG Deutsche 9.500 9/23/2022 EUR 73.460 DZ Bank AG Deutsche 14.500 9/23/2022 EUR 58.760 Vontobel Financial P 13.500 6/24/2022 EUR 68.440 Vontobel Financial P 12.500 6/24/2022 EUR 54.940 UniCredit Bank AG 9.650 09/07/2022 EUR 50.860 DZ Bank AG Deutsche 16.300 9/23/2022 EUR 63.010 DZ Bank AG Deutsche 20.400 9/23/2022 EUR 58.880 DZ Bank AG Deutsche 11.100 9/23/2022 EUR 70.270 DZ Bank AG Deutsche 20.200 6/24/2022 EUR 37.050 DZ Bank AG Deutsche 11.250 7/20/2022 EUR 45.400 DZ Bank AG Deutsche 14.750 7/20/2022 EUR 66.840 Erste Group Bank AG 9.000 1/31/2024 EUR 70.000 Vontobel Financial P 7.500 6/24/2022 EUR 71.400 UniCredit Bank AG 7.650 7/18/2022 EUR 44.950 Vontobel Financial P 16.500 6/24/2022 EUR 73.170 Vontobel Financial P 11.500 6/24/2022 EUR 65.760 Vontobel Financial P 6.000 6/24/2022 EUR 66.770 Vontobel Financial P 7.500 6/24/2022 EUR 62.940 Zurcher Kantonalbank 8.000 6/30/2022 CHF 68.420 Zurcher Kantonalbank 19.000 6/30/2022 USD 55.450 Zurcher Kantonalbank 18.000 6/30/2022 CHF 55.140 Bank Vontobel AG 7.000 9/19/2022 CHF 61.600 DZ Bank AG Deutsche 7.000 6/22/2022 EUR 71.810 Bank Vontobel AG 12.500 6/20/2022 CHF 68.000 Bank Vontobel AG 14.000 9/19/2022 CHF 42.900 Zurcher Kantonalbank 8.000 6/21/2023 CHF 66.630 Zurcher Kantonalbank 12.000 6/21/2022 CHF 61.560 DZ Bank AG Deutsche 7.75012/23/2022 EUR 69.700 DZ Bank AG Deutsche 7.300 6/24/2022 EUR 75.900 Vontobel Financial P 9.350 6/24/2022 EUR 75.930 Vontobel Financial P 6.250 6/24/2022 EUR 67.910 Vontobel Financial P 9.250 6/24/2022 EUR 52.010 Luzerner Kantonalban 10.12012/23/2022 CHF 43.350 Basler Kantonalbank 9.00012/23/2022 CHF 68.040 EFG International Fi 17.000 6/23/2022 CHF 44.570 Leonteq Securities A 14.000 9/14/2022 EUR 41.450 Corner Banca SA 12.000 6/14/2022 CHF 72.720 Leonteq Securities A 10.00012/14/2022 CHF 64.430 Vontobel Financial P 7.500 6/24/2022 EUR 51.130 UniCredit Bank AG 7.650 7/18/2022 EUR 73.160 Vontobel Financial P 14.500 6/24/2022 EUR 62.010 Vontobel Financial P 12.000 6/24/2022 EUR 75.870 Vontobel Financial P 13.500 6/24/2022 EUR 73.650 Vontobel Financial P 10.500 6/24/2022 EUR 78.220 Vontobel Financial P 7.500 6/24/2022 EUR 68.980 Leonteq Securities A 21.350 6/22/2022 CHF 62.590 Vontobel Financial P 11.000 6/24/2022 EUR 68.280 Bank Vontobel AG 14.00012/19/2022 CHF 31.600 Bank Vontobel AG 6.752 9/19/2022 CHF 63.500 Zurcher Kantonalbank 11.000 6/21/2022 CHF 61.970 DZ Bank AG Deutsche 6.10012/23/2022 EUR 75.600 Societe Generale Eff 11.500 5/27/2022 EUR 58.240 Vontobel Financial P 12.750 6/24/2022 EUR 64.910 Vontobel Financial P 19.500 6/24/2022 EUR 71.800 Basler Kantonalbank 12.00012/23/2022 CHF 69.260 Leonteq Securities A 11.00012/14/2022 CHF 71.080 Vontobel Financial P 9.500 6/24/2022 EUR 67.030 Credit Suisse AG/Lon 14.500 6/23/2022 CHF 65.310 Credit Suisse AG/Lon 11.000 4/15/2022 USD 34.870 Vontobel Financial P 12.500 6/24/2022 EUR 73.470 Vontobel Financial P 15.500 6/24/2022 EUR 69.930 Vontobel Financial P 9.000 6/24/2022 EUR 72.360 Vontobel Financial P 9.000 6/24/2022 EUR 60.820 Vontobel Financial P 14.000 6/24/2022 EUR 57.000 Vontobel Financial P 14.000 6/24/2022 EUR 64.330 Vontobel Financial P 8.500 6/24/2022 EUR 72.800 Vontobel Financial P 16.500 6/24/2022 EUR 61.500 Vontobel Financial P 15.500 6/24/2022 EUR 62.940 Vontobel Financial P 16.000 6/24/2022 EUR 69.060 Vontobel Financial P 12.500 6/24/2022 EUR 71.670 Vontobel Financial P 15.500 6/24/2022 EUR 69.020 Vontobel Financial P 11.500 6/24/2022 EUR 73.240 Zurcher Kantonalbank 11.000 4/19/2022 EUR 70.900 Bank Julius Baer & C 13.000 4/20/2022 USD 43.300 Raiffeisen Schweiz G 14.000 06/01/2022 CHF 70.200 Vontobel Financial P 26.350 06/06/2022 EUR 56.130 Vontobel Financial P 20.000 6/24/2022 EUR 55.980 Vontobel Financial P 16.500 6/24/2022 EUR 26.290 UniCredit Bank AG 13.300 07/07/2022 EUR 72.690 Bank Julius Baer & C 8.800 09/05/2022 EUR 63.800 Leonteq Securities A 11.000 09/07/2022 CHF 64.860 Leonteq Securities A 23.390 4/19/2022 CHF 33.590 Zurcher Kantonalbank 8.000 4/22/2022 CHF 73.990 Zurcher Kantonalbank 9.850 4/22/2022 CHF 68.110 Raiffeisen Schweiz G 6.500 07/12/2022 CHF 71.700 Vontobel Financial P 14.500 6/24/2022 EUR 70.700 Vontobel Financial P 13.000 6/24/2022 EUR 72.470 Vontobel Financial P 12.000 6/24/2022 EUR 67.150 Vontobel Financial P 11.500 6/24/2022 EUR 58.790 Vontobel Financial P 7.000 6/24/2022 EUR 63.230 Vontobel Financial P 9.500 6/24/2022 EUR 71.480 Vontobel Financial P 11.500 6/24/2022 EUR 67.590 Vontobel Financial P 10.000 6/24/2022 EUR 70.070 Vontobel Financial P 13.500 6/24/2022 EUR 65.450 Vontobel Financial P 19.500 6/24/2022 EUR 58.190 Vontobel Financial P 10.500 6/24/2022 EUR 69.640 Vontobel Financial P 13.500 6/24/2022 EUR 64.880 Vontobel Financial P 3.500 6/24/2022 EUR 69.150 Vontobel Financial P 14.000 6/24/2022 EUR 71.640 Vontobel Financial P 16.500 6/24/2022 EUR 67.690 Corner Banca SA 12.000 06/01/2022 CHF 44.420 Landesbank Baden-Wue 5.00011/25/2022 EUR 53.240 Landesbank Baden-Wue 4.35011/25/2022 EUR 54.420 Landesbank Baden-Wue 5.40011/25/2022 EUR 52.390 Landesbank Baden-Wue 5.90011/25/2022 EUR 64.780 EFG International Fi 24.000 06/07/2022 USD 28.940 Zurcher Kantonalbank 10.500 06/10/2022 CHF 66.650 Zurcher Kantonalbank 19.000 06/10/2022 USD 60.420 Zurcher Kantonalbank 22.750 06/10/2022 USD 56.240 Zurcher Kantonalbank 21.750 06/10/2022 CHF 66.790 Zurcher Kantonalbank 13.000 06/10/2022 CHF 56.710 Raiffeisen Schweiz G 12.000 06/01/2022 CHF 54.560 Bank Julius Baer & C 8.500 06/03/2022 USD 76.950 Leonteq Securities A 23.690 06/03/2022 CHF 29.470 Leonteq Securities A 23.290 06/03/2022 CHF 67.320 Corner Banca SA 13.000 4/20/2022 CHF 72.060 Corner Banca SA 12.00010/19/2022 EUR 72.970 Vontobel Financial P 9.000 6/24/2022 EUR 65.110 Vontobel Financial P 4.000 6/24/2022 EUR 49.030 Leonteq Securities A 8.410 4/21/2022 EUR 50.080 DZ Bank AG Deutsche 9.750 6/22/2022 EUR 66.460 DZ Bank AG Deutsche 8.000 3/23/2022 EUR 65.280 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 66.890 DZ Bank AG Deutsche 5.750 3/23/2022 EUR 74.200 DZ Bank AG Deutsche 7.750 6/22/2022 EUR 69.120 DZ Bank AG Deutsche 9.250 3/23/2022 EUR 71.610 Zurcher Kantonalbank 10.000 06/02/2022 CHF 66.010 UBS AG/London 14.750 5/25/2022 CHF 39.650 Vontobel Financial P 18.000 6/24/2022 EUR 61.060 Vontobel Financial P 11.000 6/24/2022 EUR 69.120 Societe Generale Eff 10.250 6/24/2022 EUR 65.010 Societe Generale Eff 6.500 7/22/2022 EUR 68.880 Societe Generale Eff 10.000 7/22/2022 EUR 71.860 Societe Generale Eff 11.000 7/22/2022 EUR 70.430 Vontobel Financial P 12.250 6/24/2022 EUR 64.980 Vontobel Financial P 15.000 6/24/2022 EUR 69.310 Societe Generale Eff 8.000 7/22/2022 EUR 75.010 Vontobel Financial P 12.000 6/24/2022 EUR 71.190 Societe Generale Eff 10.500 7/22/2022 EUR 61.790 Societe Generale Eff 4.000 7/22/2022 EUR 69.320 Vontobel Financial P 12.400 3/16/2022 EUR 35.260 Vontobel Financial P 18.500 6/24/2022 EUR 48.430 Vontobel Financial P 7.000 6/24/2022 EUR 58.990 Vontobel Financial P 4.500 6/24/2022 EUR 52.680 DZ Bank AG Deutsche 12.000 6/24/2022 EUR 60.400 DZ Bank AG Deutsche 13.900 6/24/2022 EUR 57.770 Leonteq Securities A 8.000 6/28/2023 CHF 73.420 DZ Bank AG Deutsche 24.500 6/24/2022 EUR 53.560 Landesbank Baden-Wue 2.500 6/24/2022 EUR 53.370 Leonteq Securities A 18.000 9/28/2022 CHF 65.670 Leonteq Securities A 14.00012/28/2022 CHF 56.910 Leonteq Securities A 16.000 6/28/2022 CHF 42.950 Corner Banca SA 14.000 9/28/2022 CHF 68.220 Leonteq Securities A 17.000 6/28/2022 CHF 41.410 Raiffeisen Schweiz G 12.00012/28/2022 CHF 77.010 Leonteq Securities A 6.400 6/28/2023 CHF 65.810 Leonteq Securities A 12.000 6/28/2022 CHF 26.350 Leonteq Securities A 13.000 6/28/2022 EUR 73.520 Leonteq Securities A 22.560 6/24/2022 CHF 31.110 Leonteq Securities A 26.030 6/24/2022 CHF 38.530 Societe Generale Eff 3.000 6/24/2022 EUR 77.400 Landesbank Baden-Wue 4.200 6/24/2022 EUR 49.690 Landesbank Baden-Wue 7.150 6/24/2022 EUR 45.320 Landesbank Baden-Wue 9.500 6/24/2022 EUR 43.890 Vontobel Financial P 21.000 6/24/2022 EUR 69.760 Vontobel Financial P 11.500 6/24/2022 EUR 69.690 Vontobel Financial P 3.500 9/23/2022 EUR 65.130 Vontobel Financial P 3.000 6/24/2022 EUR 65.360 Vontobel Financial P 8.500 9/23/2022 EUR 55.790 Vontobel Financial P 15.000 9/23/2022 EUR 50.590 Vontobel Financial P 6.500 9/23/2022 EUR 65.890 Zurcher Kantonalbank 19.000 7/22/2022 CHF 59.430 Vontobel Financial P 7.500 9/23/2022 EUR 68.290 Raiffeisen Schweiz G 6.500 01/12/2023 CHF 70.450 Vontobel Financial P 10.000 07/06/2022 EUR 72.720 Landesbank Baden-Wue 10.500 6/24/2022 EUR 42.030 Landesbank Baden-Wue 4.000 6/24/2022 EUR 72.390 Landesbank Baden-Wue 5.500 6/24/2022 EUR 50.090 Landesbank Baden-Wue 7.250 7/22/2022 EUR 73.080 Leonteq Securities A 11.000 01/11/2023 CHF 48.690 Leonteq Securities A 12.000 01/11/2023 CHF 71.850 DZ Bank AG Deutsche 5.000 9/19/2022 EUR 72.040 DZ Bank AG Deutsche 6.250 9/19/2022 EUR 74.470 Leonteq Securities A 17.000 01/12/2023 USD 70.750 Raiffeisen Schweiz G 18.000 10/12/2022 CHF 63.220 DZ Bank AG Deutsche 5.500 6/22/2022 EUR 72.790 DZ Bank AG Deutsche 9.250 9/21/2022 EUR 73.670 Landesbank Baden-Wue 3.000 8/25/2023 EUR 65.550 UniCredit Bank AG 4.000 06/07/2022 EUR 71.520 UniCredit Bank AG 3.700 06/04/2022 EUR 48.810 Leonteq Securities A 7.000 7/15/2022 CHF 78.550 Zurcher Kantonalbank 7.000 7/25/2022 CHF 75.570 Zurcher Kantonalbank 8.500 7/25/2022 CHF 64.520 Credit Suisse AG/Lon 8.000 4/14/2022 CHF 59.960 Credit Suisse AG/Lon 12.000 4/15/2022 USD 46.310 Raiffeisen Switzerla 7.500 7/14/2022 CHF 63.110 Raiffeisen Switzerla 13.000 7/14/2022 CHF 67.560 Raiffeisen Schweiz G 11.000 7/14/2022 CHF 49.160 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 64.660 Leonteq Securities A 12.000 4/21/2022 CHF 60.870 EFG International Fi 6.300 5/18/2023 USD 35.290 DZ Bank AG Deutsche 6.500 3/23/2022 EUR 65.500 DZ Bank AG Deutsche 6.250 3/23/2022 EUR 72.090 DZ Bank AG Deutsche 4.250 6/22/2022 EUR 71.040 Societe Generale Eff 3.250 5/27/2022 EUR 76.080 Societe Generale Eff 11.250 5/27/2022 EUR 47.530 Societe Generale Eff 13.250 5/27/2022 EUR 44.670 DZ Bank AG Deutsche 7.000 6/22/2022 EUR 69.480 DZ Bank AG Deutsche 12.250 3/23/2022 EUR 71.860 DZ Bank AG Deutsche 10.000 6/22/2022 EUR 72.660 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 73.900 DZ Bank AG Deutsche 9.000 3/23/2022 EUR 71.600 DZ Bank AG Deutsche 12.000 3/23/2022 EUR 61.470 Societe Generale Eff 15.250 5/27/2022 EUR 42.400 Goldman Sachs & Co W 7.000 4/21/2022 EUR 65.120 Goldman Sachs & Co W 7.000 5/25/2022 EUR 64.370 Goldman Sachs & Co W 6.000 6/22/2022 EUR 64.950 Goldman Sachs & Co W 7.000 6/22/2022 EUR 64.700 Goldman Sachs & Co W 6.000 9/21/2022 EUR 65.470 Goldman Sachs & Co W 7.00012/21/2022 EUR 68.270 DZ Bank AG Deutsche 5.000 3/23/2022 EUR 61.360 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 61.390 Leonteq Securities A 20.940 5/19/2022 CHF 62.220 Corner Banca SA 6.50011/21/2022 CHF 50.850 Corner Banca SA 7.60011/18/2022 USD 50.910 Zurcher Kantonalbank 13.250 5/31/2022 CHF 55.600 Zurcher Kantonalbank 10.500 5/27/2022 USD 67.100 UBS AG/London 7.25011/21/2022 CHF 67.400 UBS AG/London 8.25011/21/2022 CHF 56.350 Technoleasing LLC 10.750 4/16/2026 RUB 68.010 Bank Vontobel AG 7.00411/14/2022 CHF 74.000 Bank Vontobel AG 9.25611/14/2022 CHF 66.700 Bank Vontobel AG 5.755 5/15/2023 CHF 66.300 EFG International Fi 13.00011/14/2022 CHF 56.620 Societe Generale Eff 7.500 5/27/2022 EUR 57.550 Raiffeisen Centroban 6.500 06/09/2023 EUR 69.130 Leonteq Securities A 5.050 06/02/2023 EUR 66.190 Landesbank Baden-Wue 6.300 6/24/2022 EUR 72.970 Landesbank Baden-Wue 3.100 6/24/2022 EUR 66.330 Landesbank Baden-Wue 4.350 6/24/2022 EUR 63.700 Landesbank Baden-Wue 8.300 5/27/2022 EUR 69.920 Landesbank Baden-Wue 4.550 5/27/2022 EUR 46.790 Landesbank Baden-Wue 6.400 5/27/2022 EUR 43.930 Landesbank Baden-Wue 8.500 5/27/2022 EUR 41.540 Landesbank Baden-Wue 3.500 5/27/2022 EUR 72.000 Landesbank Baden-Wue 5.150 5/27/2022 EUR 67.490 Landesbank Baden-Wue 7.000 5/27/2022 EUR 63.520 Landesbank Baden-Wue 4.800 5/27/2022 EUR 48.530 Landesbank Baden-Wue 7.700 5/27/2022 EUR 42.880 Landesbank Baden-Wue 3.550 6/24/2022 EUR 68.820 Landesbank Baden-Wue 2.050 6/24/2022 EUR 69.260 Landesbank Baden-Wue 3.300 5/27/2022 EUR 50.320 Landesbank Baden-Wue 6.700 5/27/2022 EUR 42.660 Landesbank Baden-Wue 13.880 5/27/2022 EUR 73.910 EFG International Fi 14.00011/21/2022 CHF 34.710 Leonteq Securities A 14.200 09/01/2022 CHF 62.680 Bank Julius Baer & C 8.800 5/19/2022 EUR 66.850 Leonteq Securities A 16.000 5/25/2022 CHF 21.810 DZ Bank AG Deutsche 12.640 5/27/2022 EUR 67.790 DZ Bank AG Deutsche 9.270 6/24/2022 EUR 49.610 Credit Suisse AG/Lon 12.500 8/22/2022 CHF 67.150 Leonteq Securities A 7.600 03/09/2023 EUR 74.350 Bank Julius Baer & C 6.300 07/06/2022 CHF 72.750 Zurcher Kantonalbank 11.250 07/06/2022 EUR 47.870 Societe Generale SA 16.000 08/01/2024 USD 39.150 Societe Generale SA 18.000 08/01/2024 USD 38.700 Societe Generale SA 15.000 08/01/2024 USD 44.300 DZ Bank AG Deutsche 7.500 7/20/2022 EUR 71.870 Vontobel Financial P 20.000 6/24/2022 EUR 68.850 DZ Bank AG Deutsche 4.750 9/21/2022 EUR 66.330 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 71.190 DZ Bank AG Deutsche 7.750 3/23/2022 EUR 71.220 Vontobel Financial P 8.000 6/24/2022 EUR 56.890 Vontobel Financial P 4.000 6/24/2022 EUR 74.830 Vontobel Financial P 8.000 6/24/2022 EUR 49.600 Vontobel Financial P 17.000 6/24/2022 EUR 72.790 Vontobel Financial P 7.250 6/24/2022 EUR 65.230 Vontobel Financial P 16.450 6/24/2022 EUR 75.330 Zurcher Kantonalbank 12.000 7/14/2022 CHF 47.480 Bank Vontobel AG 6.000 01/04/2023 CHF 69.900 Bank Vontobel AG 8.500 01/03/2023 EUR 71.100 Bank Vontobel AG 7.500 01/03/2023 EUR 45.600 Bank Vontobel AG 9.250 01/04/2023 CHF 38.300 Basler Kantonalbank 11.000 01/09/2023 CHF 65.270 EFG International Fi 10.000 01/09/2023 USD 47.490 EFG International Fi 17.000 07/08/2022 USD 47.130 Raiffeisen Schweiz G 8.000 01/05/2023 CHF 68.580 Zurcher Kantonalbank 7.500 4/29/2022 CHF 48.020 Zurcher Kantonalbank 8.000 4/29/2022 USD 48.100 UBS AG/London 15.250 7/21/2022 USD 45.550 Bank Vontobel AG 7.506 7/15/2022 CHF 63.600 DZ Bank AG Deutsche 6.750 3/23/2022 EUR 65.510 DZ Bank AG Deutsche 5.000 3/23/2022 EUR 64.630 Vontobel Financial P 9.000 6/24/2022 EUR 69.410 Goldman Sachs & Co W 6.000 3/22/2023 EUR 72.610 Vontobel Financial P 5.500 6/24/2022 EUR 71.450 Vontobel Financial P 8.750 6/24/2022 EUR 62.640 Vontobel Financial P 11.750 6/24/2022 EUR 56.220 Vontobel Financial P 14.750 6/24/2022 EUR 66.150 Vontobel Financial P 11.750 6/24/2022 EUR 74.230 Vontobel Financial P 12.000 6/24/2022 EUR 65.710 Vontobel Financial P 14.250 6/24/2022 EUR 68.690 Vontobel Financial P 14.500 6/24/2022 EUR 66.390 Vontobel Financial P 21.000 6/24/2022 EUR 59.150 Vontobel Financial P 19.000 6/24/2022 EUR 61.320 Vontobel Financial P 15.000 6/24/2022 EUR 73.690 Vontobel Financial P 16.500 6/24/2022 EUR 74.080 Vontobel Financial P 5.550 5/18/2022 EUR 55.800 Raiffeisen Schweiz G 12.000 8/17/2022 CHF 63.270 Vontobel Financial P 15.500 6/24/2022 EUR 75.580 Vontobel Financial P 20.500 6/24/2022 EUR 70.780 EFG International Fi 5.250 5/18/2023 EUR 68.750 Bank Julius Baer & C 11.200 5/18/2022 CHF 48.550 Bank Julius Baer & C 7.300 5/18/2022 CHF 70.400 Zurcher Kantonalbank 27.000 5/27/2022 USD 72.710 DZ Bank AG Deutsche 4.250 3/23/2022 EUR 68.930 Societe Generale Eff 9.250 5/27/2022 EUR 51.330 DZ Bank AG Deutsche 11.750 6/22/2022 EUR 66.960 Goldman Sachs & Co W 6.000 4/21/2022 EUR 65.270 Goldman Sachs & Co W 6.000 5/25/2022 EUR 64.600 Goldman Sachs & Co W 7.000 9/21/2022 EUR 66.200 Goldman Sachs & Co W 6.00012/21/2022 EUR 67.380 Credit Suisse AG/Lon 10.000 5/19/2022 CHF 47.700 UBS AG/London 10.25011/21/2022 CHF 51.750 UniCredit Bank AG 3.450 04/02/2024 EUR 70.410 EFG International Fi 18.000 6/30/2022 EUR 68.520 Zurcher Kantonalbank 15.250 07/06/2022 CHF 54.410 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 69.470 DZ Bank AG Deutsche 5.750 7/20/2022 EUR 64.520 DZ Bank AG Deutsche 7.000 9/21/2022 EUR 67.460 Leonteq Securities A 22.520 07/06/2022 CHF 26.940 Leonteq Securities A 20.000 07/06/2022 CHF 43.710 Vontobel Financial P 12.500 6/24/2022 EUR 58.050 Vontobel Financial P 5.000 6/24/2022 EUR 58.280 Vontobel Financial P 8.000 6/24/2022 EUR 59.910 Vontobel Financial P 9.000 6/24/2022 EUR 55.450 DekaBank Deutsche Gi 4.250 4/14/2022 EUR 38.070 Raiffeisen Switzerla 8.500 7/14/2022 CHF 63.670 UBS AG/London 13.500 07/07/2022 CHF 68.800 UBS AG/London 8.750 01/09/2023 CHF 60.800 UBS AG/London 8.250 07/07/2022 CHF 66.900 UBS AG/London 9.750 6/30/2022 CHF 51.350 DZ Bank AG Deutsche 4.750 3/23/2022 EUR 61.350 DZ Bank AG Deutsche 6.500 3/23/2022 EUR 61.380 EFG International Fi 9.350 01/12/2023 CHF 56.870 Zurcher Kantonalbank 8.250 7/20/2022 EUR 49.900 UniCredit Bank AG 4.50010/26/2022 EUR 71.210 Landesbank Baden-Wue 3.00012/23/2022 EUR 65.330 Raiffeisen Schweiz G 5.000 04/05/2022 CHF 73.840 UniCredit Bank AG 3.700 6/25/2022 EUR 46.210 Landesbank Baden-Wue 2.500 8/25/2023 EUR 63.400 UniCredit Bank AG 4.250 6/28/2022 EUR 47.050 UniCredit Bank AG 3.850 6/28/2022 EUR 70.320 UniCredit Bank AG 3.800 6/28/2022 EUR 34.540 Landesbank Baden-Wue 2.600 4/28/2023 EUR 67.320 UniCredit Bank AG 3.750 3/26/2022 EUR 63.360 UniCredit Bank AG 3.250 3/29/2022 EUR 17.550 SG Issuer SA 9.180 1/20/2025 SEK 53.370 UniCredit Bank AG 3.600 3/29/2022 EUR 65.020 Landesbank Baden-Wue 2.810 3/24/2023 EUR 63.370 Landesbank Baden-Wue 2.600 4/25/2022 EUR 71.240 Landesbank Baden-Wue 2.800 4/25/2022 EUR 69.910 Leonteq Securities A 5.600 5/16/2022 CHF 55.960 Landesbank Baden-Wue 2.300 7/22/2022 EUR 69.520 Landesbank Baden-Wue 2.000 7/22/2022 EUR 73.120 Citigroup Global Mar 7.200 5/24/2023 SEK 64.270 Landesbank Baden-Wue 3.000 6/23/2023 EUR 70.970 Landesbank Baden-Wue 3.25012/23/2022 EUR 64.480 DekaBank Deutsche Gi 1.000 1/20/2025 EUR 52.950 Leonteq Securities A 12.000 6/28/2022 CHF 72.090 EFG International Fi 4.90012/28/2023 USD 63.090 EFG International Fi 7.00012/29/2022 USD 8.770 Bank Vontobel AG 9.504 6/30/2022 CHF 46.600 UBS AG/London 15.500 6/30/2022 CHF 68.500 VTB Bank PJSC 0.010 12/09/2025 RUB 72.800 Leonteq Securities A 9.000 6/30/2022 CHF 74.270 Bank Vontobel AG 7.760 6/27/2022 CHF 68.800 Bank Vontobel AG 8.252 6/27/2022 CHF 69.300 UBS AG/London 12.500 6/23/2022 USD 43.700 UBS AG/London 6.25012/23/2022 CHF 53.800 DekaBank Deutsche Gi 2.500 02/02/2024 EUR 65.590 UBS AG/London 12.750 01/03/2023 CHF 73.500 UBS AG/London 7.500 6/23/2022 CHF 65.750 UBS AG/London 13.000 6/23/2022 CHF 43.950 UBS AG/London 8.750 6/23/2022 CHF 42.850 Bank Vontobel AG 6.254 6/30/2022 CHF 79.300 UBS AG/London 10.500 6/30/2022 CHF 70.750 VTB Bank PJSC 0.01011/25/2025 RUB 74.560 UBS AG/London 10.750 07/07/2022 EUR 72.700 UBS AG/London 16.250 07/07/2022 CHF 64.950 UBS AG/London 16.300 01/08/2024 EUR 6.020 UBS AG/London 16.500 6/30/2022 USD 33.600 Leonteq Securities A 15.000 3/30/2022 CHF 54.460 Landesbank Baden-Wue 5.05010/28/2022 EUR 61.080 Bank Vontobel AG 6.007 9/26/2022 CHF 61.000 Bank Vontobel AG 9.000 9/26/2022 EUR 72.900 Bank Vontobel AG 4.255 6/27/2022 CHF 59.000 Bank Vontobel AG 14.006 9/26/2022 CHF 38.500 Bank Vontobel AG 15.009 6/27/2022 CHF 40.300 Raiffeisen Switzerla 11.750 10/06/2022 CHF 69.160 Zurcher Kantonalbank 10.500 04/08/2022 CHF 68.280 UBS AG/London 10.250 9/30/2022 CHF 70.300 UBS AG/London 16.000 9/30/2022 CHF 42.300 Landesbank Baden-Wue 4.05010/28/2022 EUR 75.530 Bank Vontobel AG 6.007 9/26/2022 CHF 61.000 Bank Vontobel AG 9.009 9/26/2022 EUR 72.900 Bank Vontobel AG 12.751 6/27/2022 CHF 39.200 Bank Vontobel AG 22.008 6/27/2022 CHF 61.900 Bank Vontobel AG 28.506 3/28/2022 CHF 53.900 UniCredit Bank AG 7.850 4/21/2022 EUR 64.960 EFG International Fi 6.000 3/30/2023 USD 72.790 Leonteq Securities A 14.000 07/06/2022 CHF 67.550 Zurcher Kantonalbank 17.250 4/14/2022 CHF 55.770 UBS AG/London 9.500 9/30/2022 CHF 64.750 UBS AG/London 6.500 3/31/2023 USD 78.000 Raiffeisen Switzerla 14.000 3/29/2022 CHF 58.080 Landesbank Baden-Wue 7.85010/28/2022 EUR 54.070 Landesbank Baden-Wue 4.05010/28/2022 EUR 40.260 Landesbank Baden-Wue 7.10010/28/2022 EUR 65.300 Landesbank Baden-Wue 5.75010/28/2022 EUR 41.630 Zurcher Kantonalbank 10.000 4/13/2022 CHF 68.700 Landesbank Baden-Wue 7.40010/28/2022 EUR 66.350 Landesbank Baden-Wue 6.35010/28/2022 EUR 36.620 Landesbank Baden-Wue 3.50010/28/2022 EUR 45.480 Landesbank Baden-Wue 5.60010/28/2022 EUR 68.770 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 56.100 DZ Bank AG Deutsche 7.750 3/23/2022 EUR 61.400 DZ Bank AG Deutsche 6.500 3/23/2022 EUR 65.500 EFG International Fi 10.320 7/19/2022 USD 74.690 BNP Paribas Emission 10.000 6/23/2022 EUR 52.560 BNP Paribas Emission 10.000 6/23/2022 EUR 49.970 BNP Paribas Emission 14.000 6/23/2022 EUR 46.510 BNP Paribas Emission 11.000 6/23/2022 EUR 68.840 Vontobel Financial P 10.000 3/25/2022 EUR 68.420 BNP Paribas Emission 10.000 6/23/2022 EUR 73.100 BNP Paribas Emission 15.000 6/23/2022 EUR 36.120 BNP Paribas Emission 8.000 6/23/2022 EUR 71.300 Sberbank of Russia P 0.01010/31/2025 RUB 74.400 Sberbank of Russia P 0.01011/20/2025 RUB 70.200 UBS AG/London 13.500 5/18/2022 CHF 29.260 Vontobel Financial P 16.250 6/24/2022 EUR 73.520 Vontobel Financial P 11.000 6/24/2022 EUR 71.800 Zurcher Kantonalbank 11.000 7/15/2022 CHF 64.840 Bank Vontobel AG 8.250 01/04/2023 CHF 73.600 Bank Vontobel AG 17.500 07/04/2022 CHF 47.900 Vontobel Financial P 8.500 6/24/2022 EUR 53.890 Vontobel Financial P 16.500 6/24/2022 EUR 77.610 EFG International Fi 8.400 07/07/2023 CHF 74.820 Raiffeisen Schweiz G 10.000 07/05/2022 CHF 65.770 Raiffeisen Schweiz G 11.000 07/06/2022 CHF 67.520 Raiffeisen Schweiz G 13.000 07/05/2022 CHF 66.930 Zurcher Kantonalbank 10.750 7/15/2022 EUR 44.710 DZ Bank AG Deutsche 5.00012/23/2022 EUR 69.930 EFG International Fi 9.430 7/19/2022 USD 62.880 EFG International Fi 10.210 7/19/2022 USD 63.970 Leonteq Securities A 10.000 07/12/2023 CHF 67.360 Vontobel Financial P 16.500 6/24/2022 EUR 72.700 Vontobel Financial P 8.000 6/24/2022 EUR 68.070 Vontobel Financial P 12.500 6/24/2022 EUR 61.370 Vontobel Financial P 10.500 6/24/2022 EUR 64.560 Vontobel Financial P 15.000 6/24/2022 EUR 58.700 Vontobel Financial P 13.000 6/24/2022 EUR 52.140 Vontobel Financial P 17.500 6/24/2022 EUR 56.380 Vontobel Financial P 8.000 6/24/2022 EUR 57.070 Vontobel Financial P 9.500 6/24/2022 EUR 55.220 Vontobel Financial P 20.000 6/24/2022 EUR 54.360 Vontobel Financial P 11.000 6/24/2022 EUR 53.540 Vontobel Financial P 14.500 6/24/2022 EUR 50.750 Leonteq Securities A 22.130 07/08/2022 CHF 34.800 EFG International Fi 8.700 7/13/2023 EUR 46.650 Zurcher Kantonalbank 4.750 7/15/2022 CHF 66.910 Vontobel Financial P 9.250 6/24/2022 EUR 70.600 Societe Generale Eff 3.500 5/27/2022 EUR 68.080 Bank Julius Baer & C 17.000 05/09/2022 CHF 60.250 Leonteq Securities A 8.000 01/12/2023 CHF 67.170 Leonteq Securities A 12.000 10/12/2022 CHF 72.930 Leonteq Securities A 10.000 01/12/2023 CHF 75.900 Corner Banca SA 11.200 10/12/2022 EUR 56.640 Corner Banca SA 10.000 10/12/2022 CHF 46.400 Leonteq Securities A 10.000 10/12/2022 CHF 62.130 Leonteq Securities A 10.000 07/06/2022 EUR 37.950 Goldman Sachs & Co W 6.000 6/21/2023 EUR 69.600 Leonteq Securities A 12.000 01/12/2023 CHF 44.460 Goldman Sachs & Co W 7.00012/21/2022 EUR 68.190 Goldman Sachs & Co W 8.000 8/24/2022 EUR 73.200 Goldman Sachs & Co W 8.000 7/20/2022 EUR 74.010 Bank Vontobel AG 8.000 01/10/2023 CHF 70.100 Bank Vontobel AG 8.000 01/10/2023 CHF 70.100 Bank Vontobel AG 11.000 01/10/2023 CHF 70.300 Bank Vontobel AG 10.000 07/12/2022 CHF 78.300 Bank Vontobel AG 10.000 01/10/2023 EUR 67.600 DZ Bank AG Deutsche 9.500 3/23/2022 EUR 60.540 DZ Bank AG Deutsche 10.500 4/22/2022 EUR 36.370 DZ Bank AG Deutsche 7.500 3/23/2022 EUR 61.400 DZ Bank AG Deutsche 9.000 3/23/2022 EUR 61.420 DZ Bank AG Deutsche 11.250 3/23/2022 EUR 61.460 DZ Bank AG Deutsche 7.250 6/22/2022 EUR 65.830 DZ Bank AG Deutsche 8.750 6/22/2022 EUR 66.210 DZ Bank AG Deutsche 10.000 6/22/2022 EUR 63.740 DZ Bank AG Deutsche 8.500 3/23/2022 EUR 62.880 DZ Bank AG Deutsche 6.500 6/22/2022 EUR 64.250 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 61.230 DZ Bank AG Deutsche 7.500 3/23/2022 EUR 59.790 DZ Bank AG Deutsche 7.500 6/22/2022 EUR 62.820 DZ Bank AG Deutsche 7.500 3/23/2022 EUR 65.520 DZ Bank AG Deutsche 6.500 6/22/2022 EUR 68.640 DZ Bank AG Deutsche 5.500 6/22/2022 EUR 65.360 DZ Bank AG Deutsche 7.750 6/22/2022 EUR 58.920 UniCredit Bank AG 7.950 4/27/2022 EUR 64.350 UniCredit Bank AG 9.250 4/27/2022 EUR 71.800 SG Issuer SA 1.50012/30/2032 EUR 44.360 UBS AG/London 9.750 7/20/2022 CHF 62.550 Zurcher Kantonalbank 7.500 7/28/2022 CHF 64.550 UBS AG/London 7.750 7/20/2022 CHF 62.000 UBS AG/London 7.750 7/20/2022 CHF 43.550 Bank Vontobel AG 9.004 7/15/2022 CHF 72.600 Vontobel Financial P 9.000 3/25/2022 EUR 74.350 Vontobel Financial P 10.500 3/25/2022 EUR 66.110 Vontobel Financial P 9.000 3/25/2022 EUR 63.280 Vontobel Financial P 10.000 3/25/2022 EUR 63.320 Vontobel Financial P 5.000 3/25/2022 EUR 55.260 Vontobel Financial P 6.500 3/25/2022 EUR 55.110 Vontobel Financial P 5.500 3/25/2022 EUR 55.070 Vontobel Financial P 6.000 3/25/2022 EUR 55.090 Goldman Sachs & Co W 7.000 6/22/2022 EUR 68.170 Goldman Sachs & Co W 7.000 9/21/2022 EUR 69.150 Goldman Sachs & Co W 7.00012/21/2022 EUR 70.570 Vontobel Financial P 3.500 3/25/2022 EUR 60.270 Vontobel Financial P 6.000 3/25/2022 EUR 67.730 Vontobel Financial P 8.000 3/25/2022 EUR 66.000 Vontobel Financial P 9.000 3/25/2022 EUR 66.050 Goldman Sachs & Co W 8.000 6/22/2022 EUR 68.770 Goldman Sachs & Co W 8.000 9/21/2022 EUR 69.700 Goldman Sachs & Co W 7.00012/21/2022 EUR 70.640 Vontobel Financial P 14.000 3/25/2022 EUR 65.630 Vontobel Financial P 15.000 3/25/2022 EUR 65.660 Vontobel Financial P 13.000 3/25/2022 EUR 65.580 Vontobel Financial P 16.500 3/25/2022 EUR 67.070 Vontobel Financial P 12.500 3/25/2022 EUR 65.920 Vontobel Financial P 11.500 3/25/2022 EUR 65.880 Vontobel Financial P 3.500 3/25/2022 EUR 49.030 Vontobel Financial P 9.500 3/25/2022 EUR 68.120 Leonteq Securities A 14.000 4/26/2022 CHF 37.960 Leonteq Securities A 13.000 7/25/2022 USD 42.960 Leonteq Securities A 7.450 1/25/2023 EUR 47.150 Leonteq Securities A 7.000 7/22/2022 CHF 67.540 UBS AG/London 13.250 05/12/2022 USD 37.750 Sberbank of Russia P 0.010 11/11/2025 RUB 74.900 Sberbank of Russia P 0.01011/20/2025 RUB 64.700 BNP Paribas Emission 6.500 6/23/2022 EUR 77.010 BNP Paribas Emission 12.000 6/23/2022 EUR 68.290 EFG International Fi 6.500 3/24/2023 USD 69.890 BNP Paribas Emission 9.500 6/23/2022 EUR 72.140 BNP Paribas Emission 8.500 6/23/2022 EUR 42.700 BNP Paribas Emission 9.000 6/23/2022 EUR 40.980 Vontobel Financial P 16.000 3/22/2022 USD 72.030 DZ Bank AG Deutsche 8.250 3/21/2022 EUR 74.830 EFG International Fi 16.000 3/24/2022 USD 57.270 UBS AG/London 12.750 9/26/2022 CHF 70.400 DZ Bank AG Deutsche 8.000 3/23/2022 EUR 71.790 UniCredit Bank AG 11.550 4/21/2022 EUR 66.320 Bank Julius Baer & C 5.750 6/27/2022 EUR 68.750 Vontobel Financial P 26.400 3/28/2022 EUR 77.910 Vontobel Financial P 15.220 3/28/2022 EUR 66.880 Credit Suisse AG/Lon 8.000 6/27/2022 CHF 61.810 Zurcher Kantonalbank 8.600 04/01/2022 EUR 71.210 Vontobel Financial P 15.350 3/29/2023 EUR 69.920 Vontobel Financial P 24.950 3/29/2022 EUR 75.960 Vontobel Financial P 17.750 3/29/2023 EUR 72.560 Bank Julius Baer & C 10.000 3/28/2022 USD 45.100 EFG International Fi 7.250 02/09/2024 USD 57.180 Vontobel Financial P 17.500 3/25/2022 EUR 71.680 Raiffeisen Switzerla 7.500 02/08/2023 CHF 69.990 Raiffeisen Switzerla 11.000 08/05/2022 EUR 58.630 Vontobel Financial P 16.500 3/25/2022 EUR 65.930 Vontobel Financial P 5.500 3/25/2022 EUR 56.970 Vontobel Financial P 4.500 3/25/2022 EUR 74.790 Vontobel Financial P 5.000 3/25/2022 EUR 56.950 Vontobel Financial P 6.000 3/25/2022 EUR 56.990 Vontobel Financial P 8.000 3/25/2022 EUR 56.860 Vontobel Financial P 7.500 3/25/2022 EUR 56.840 Bank Vontobel AG 11.002 08/10/2022 CHF 70.400 UBS AG/London 7.750 08/10/2022 CHF 33.400 UBS AG/London 5.250 08/10/2022 CHF 74.600 UBS AG/London 13.750 08/10/2022 CHF 74.650 UBS AG/London 14.250 08/10/2022 USD 70.400 Vontobel Financial P 11.500 3/25/2022 EUR 59.200 Vontobel Financial P 9.000 3/25/2022 EUR 59.300 EFG International Fi 4.500 02/12/2024 USD 57.910 DZ Bank AG Deutsche 3.00012/23/2022 EUR 45.520 DZ Bank AG Deutsche 7.00012/23/2022 EUR 36.830 Leonteq Securities A 15.740 08/10/2022 USD 38.250 Bank Vontobel AG 21.502 05/12/2022 CHF 40.400 Bank Vontobel AG 16.000 05/12/2022 CHF 32.400 Leonteq Securities A 10.000 08/12/2022 CHF 72.400 Leonteq Securities A 10.000 08/12/2022 CHF 60.650 Leonteq Securities A 12.400 05/12/2022 CHF 52.660 Corner Banca SA 15.000 05/12/2022 CHF 59.120 Leonteq Securities A 18.000 05/12/2022 CHF 61.180 Raiffeisen Switzerla 8.000 08/12/2022 CHF 75.170 Raiffeisen Switzerla 10.500 05/12/2022 CHF 63.350 DZ Bank AG Deutsche 9.500 3/23/2022 EUR 73.460 DZ Bank AG Deutsche 10.000 3/23/2022 EUR 56.150 DZ Bank AG Deutsche 10.000 3/23/2022 EUR 55.240 Corner Banca SA 15.00011/21/2022 USD 65.380 Leonteq Securities A 13.00011/21/2022 USD 39.880 Basler Kantonalbank 11.000 05/12/2022 CHF 64.260 Leonteq Securities A 13.00011/17/2022 USD 75.830 Corner Banca SA 11.00011/17/2022 EUR 76.180 Leonteq Securities A 18.000 5/17/2022 USD 43.620 Leonteq Securities A 8.000 5/17/2023 CHF 76.910 Leonteq Securities A 13.200 5/13/2022 USD 49.220 Leonteq Securities A 9.000 8/17/2022 CHF 73.720 Leonteq Securities A 10.000 8/17/2022 CHF 61.100 Vontobel Financial P 11.300 5/17/2022 USD 48.100 Vontobel Financial P 15.350 5/17/2022 USD 73.260 Landesbank Baden-Wue 2.650 9/22/2023 EUR 70.760 Credit Suisse AG/Lon 9.000 05/05/2022 CHF 64.620 UBS AG/London 12.75010/28/2022 CHF 42.750 Bank Julius Baer & C 9.650 7/29/2022 USD 73.400 Credit Suisse AG/Lon 12.000 4/29/2022 USD 25.930 Zurcher Kantonalbank 8.000 05/10/2022 EUR 73.090 Vontobel Financial P 15.000 6/24/2022 EUR 58.450 Vontobel Financial P 16.500 6/24/2022 EUR 56.880 Vontobel Financial P 13.500 6/24/2022 EUR 60.170 Vontobel Financial P 15.500 6/24/2022 EUR 73.080 Vontobel Financial P 12.500 6/24/2022 EUR 71.790 Vontobel Financial P 16.000 6/24/2022 EUR 68.020 Vontobel Financial P 13.500 6/24/2022 EUR 70.420 Vontobel Financial P 15.000 6/24/2022 EUR 69.250 Vontobel Financial P 17.000 6/24/2022 EUR 66.850 Vontobel Financial P 16.000 6/24/2022 EUR 75.310 Vontobel Financial P 17.000 6/24/2022 EUR 73.850 Vontobel Financial P 6.000 6/24/2022 EUR 70.170 Vontobel Financial P 9.000 6/24/2022 EUR 63.090 Vontobel Financial P 17.000 6/24/2022 EUR 53.640 Vontobel Financial P 18.000 6/24/2022 EUR 55.820 Vontobel Financial P 13.000 6/24/2022 EUR 57.780 Vontobel Financial P 8.500 6/24/2022 EUR 71.620 Vontobel Financial P 13.000 6/24/2022 EUR 62.390 Vontobel Financial P 15.000 6/24/2022 EUR 38.310 Vontobel Financial P 10.000 6/24/2022 EUR 42.500 Vontobel Financial P 17.500 6/24/2022 EUR 36.730 Vontobel Financial P 7.500 6/24/2022 EUR 45.280 Vontobel Financial P 12.500 6/24/2022 EUR 40.210 Vontobel Financial P 7.500 6/24/2022 EUR 58.250 Vontobel Financial P 6.500 3/25/2022 EUR 59.420 Vontobel Financial P 6.500 6/24/2022 EUR 55.070 Vontobel Financial P 5.000 3/25/2022 EUR 55.370 Vontobel Financial P 11.000 6/24/2022 EUR 67.740 Vontobel Financial P 9.500 3/25/2022 EUR 69.080 Vontobel Financial P 12.000 3/25/2022 EUR 69.180 Vontobel Financial P 5.500 6/24/2022 EUR 60.840 Vontobel Financial P 10.500 6/24/2022 EUR 62.120 Vontobel Financial P 5.500 6/24/2022 EUR 54.780 Zurcher Kantonalbank 15.500 05/10/2022 CHF 68.090 Leonteq Securities A 11.000 7/29/2022 CHF 71.150 Leonteq Securities A 7.000 05/03/2023 CHF 68.350 Leonteq Securities A 24.350 4/29/2022 CHF 54.350 Leonteq Securities A 23.180 4/29/2022 USD 28.350 Leonteq Securities A 9.00010/31/2022 CHF 65.000 Leonteq Securities A 11.00010/31/2022 USD 55.550 Leonteq Securities A 10.00010/31/2022 USD 64.340 Leonteq Securities A 10.00010/31/2022 CHF 70.720 Zurcher Kantonalbank 18.000 05/06/2022 CHF 60.360 DZ Bank AG Deutsche 4.250 3/23/2022 EUR 70.140 DZ Bank AG Deutsche 6.750 6/22/2022 EUR 60.880 DZ Bank AG Deutsche 8.000 3/23/2022 EUR 61.660 Leonteq Securities A 8.000 7/26/2022 CHF 66.980 Zurcher Kantonalbank 8.000 05/04/2022 CHF 73.980 Raiffeisen Switzerla 12.00010/26/2022 CHF 57.370 Raiffeisen Switzerla 10.50010/26/2022 CHF 73.290 Landesbank Baden-Wue 5.650 4/28/2023 EUR 71.970 Landesbank Baden-Wue 7.000 4/28/2023 EUR 49.450 Landesbank Baden-Wue 5.700 4/28/2023 EUR 43.320 Vontobel Financial P 13.500 6/24/2022 EUR 71.760 Vontobel Financial P 15.000 6/24/2022 EUR 70.070 Vontobel Financial P 16.500 6/24/2022 EUR 68.490 Vontobel Financial P 6.000 6/24/2022 EUR 57.060 Vontobel Financial P 20.500 6/24/2022 EUR 35.380 Vontobel Financial P 9.000 3/25/2022 EUR 72.360 Vontobel Financial P 13.000 6/24/2022 EUR 69.900 Vontobel Financial P 12.000 6/24/2022 EUR 69.600 Vontobel Financial P 16.500 3/25/2022 EUR 67.370 Vontobel Financial P 11.500 3/25/2022 EUR 70.550 Vontobel Financial P 13.000 3/25/2022 EUR 70.820 Vontobel Financial P 14.500 3/25/2022 EUR 70.880 Vontobel Financial P 9.000 6/24/2022 EUR 65.680 Bank Vontobel AG 7.008 7/25/2022 CHF 68.300 DekaBank Deutsche Gi 4.400 5/27/2022 EUR 68.600 Landesbank Baden-Wue 5.200 4/28/2023 EUR 65.240 Landesbank Baden-Wue 3.350 4/28/2023 EUR 74.330 Landesbank Baden-Wue 4.200 4/28/2023 EUR 75.580 Landesbank Baden-Wue 3.800 4/28/2023 EUR 55.250 Landesbank Baden-Wue 3.200 4/28/2023 EUR 69.780 Landesbank Baden-Wue 5.250 4/28/2023 EUR 43.500 Landesbank Baden-Wue 3.150 4/28/2023 EUR 47.450 Landesbank Baden-Wue 2.300 4/28/2023 EUR 66.930 Landesbank Baden-Wue 4.350 4/28/2023 EUR 45.170 Landesbank Baden-Wue 3.000 4/28/2023 EUR 47.730 Vontobel Financial P 12.500 6/24/2022 EUR 73.690 Vontobel Financial P 6.500 3/25/2022 EUR 56.800 Vontobel Financial P 10.500 6/24/2022 EUR 72.010 Vontobel Financial P 13.000 3/25/2022 EUR 67.230 Vontobel Financial P 12.000 6/24/2022 EUR 72.060 Vontobel Financial P 13.500 6/24/2022 EUR 72.490 Vontobel Financial P 11.000 6/24/2022 EUR 71.770 Vontobel Financial P 4.500 3/25/2022 EUR 56.720 Zurcher Kantonalbank 12.250 05/05/2022 CHF 49.350 EFG International Fi 20.000 4/28/2022 USD 75.930 EFG International Fi 14.000 4/28/2022 CHF 69.830 EFG International Fi 9.00010/28/2022 CHF 70.740 UBS AG/London 8.75010/28/2022 CHF 75.200 UBS AG/London 12.750 4/28/2022 CHF 63.550 UBS AG/London 10.500 4/28/2023 CHF 70.050 UBS AG/London 9.50010/28/2022 CHF 68.050 UBS AG/London 8.750 4/28/2023 CHF 72.600 Zurcher Kantonalbank 6.400 11/07/2022 USD 47.140 Zurcher Kantonalbank 8.000 05/05/2022 CHF 74.420 Leonteq Securities A 15.000 4/13/2022 CHF 37.190 Zurcher Kantonalbank 5.000 4/27/2022 EUR 65.340 DZ Bank AG Deutsche 4.500 6/22/2022 EUR 71.650 DZ Bank AG Deutsche 5.500 3/23/2022 EUR 60.480 DZ Bank AG Deutsche 5.000 6/22/2022 EUR 60.440 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 65.760 Zurcher Kantonalbank 16.250 05/04/2022 EUR 67.810 EFG International Fi 5.000 4/26/2023 USD 71.060 Raiffeisen Switzerla 6.75010/26/2022 CHF 67.970 Raiffeisen Switzerla 8.00010/26/2022 EUR 65.070 Leonteq Securities A 11.50010/27/2022 CHF 65.660 UBS AG/London 10.500 11/11/2022 CHF 74.300 UBS AG/London 13.500 05/12/2022 USD 37.800 EFG International Fi 13.000 05/11/2022 CHF 71.130 UniCredit Bank AG 5.250 12/01/2023 EUR 42.850 UniCredit Bank AG 5.55010/26/2022 EUR 70.750 UniCredit Bank AG 4.00011/21/2022 EUR 59.730 Landesbank Baden-Wue 3.000 5/26/2023 EUR 69.160 UniCredit Bank AG 3.750 4/19/2022 EUR 51.010 DekaBank Deutsche Gi 3.900 4/25/2022 EUR 38.670 Nordea Bank Abp 4.100 7/20/2023 SEK 51.130 DekaBank Deutsche Gi 4.250 05/05/2022 EUR 72.520 Raiffeisen Switzerla 14.000 04/07/2022 CHF 61.250 Leonteq Securities A 25.630 04/12/2022 CHF 70.730 Leonteq Securities A 17.000 04/12/2022 EUR 67.300 Leonteq Securities A 22.860 04/12/2022 CHF 24.620 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 57.260 Goldman Sachs & Co W 7.000 4/21/2022 EUR 71.600 Goldman Sachs & Co W 6.000 5/25/2022 EUR 71.880 Goldman Sachs & Co W 8.000 5/25/2022 EUR 72.530 Goldman Sachs & Co W 15.000 5/25/2022 EUR 64.370 Goldman Sachs & Co W 23.000 5/25/2022 EUR 56.070 Goldman Sachs & Co W 15.000 6/22/2022 EUR 65.440 Goldman Sachs & Co W 10.000 9/21/2022 EUR 73.420 Goldman Sachs & Co W 15.00012/21/2022 EUR 65.150 Goldman Sachs & Co W 7.000 6/22/2022 EUR 66.070 Goldman Sachs & Co W 7.00012/21/2022 EUR 69.140 Goldman Sachs & Co W 9.000 3/22/2023 EUR 73.680 BNP Paribas Emission 7.700 4/22/2022 EUR 69.430 Bank Julius Baer & C 19.600 04/07/2022 CHF 49.400 Leonteq Securities A 18.000 04/08/2022 CHF 45.130 Raiffeisen Switzerla 10.500 04/06/2022 EUR 61.710 Zurcher Kantonalbank 10.000 4/19/2022 CHF 58.940 Zurcher Kantonalbank 10.500 4/20/2022 CHF 68.930 Leonteq Securities A 16.000 04/12/2022 CHF 70.790 Leonteq Securities A 18.000 04/12/2022 CHF 39.190 DZ Bank AG Deutsche 9.000 6/22/2022 EUR 74.360 DZ Bank AG Deutsche 7.500 6/22/2022 EUR 69.000 Goldman Sachs & Co W 8.000 4/21/2022 EUR 72.560 Bank Vontobel AG 10.006 10/03/2022 EUR 68.900 Bank Vontobel AG 13.005 10/03/2022 CHF 46.800 Bank Julius Baer & C 8.300 04/07/2022 USD 74.450 Bank Julius Baer & C 14.650 07/07/2022 USD 42.400 Leonteq Securities A 20.690 04/08/2022 CHF 60.590 Raiffeisen Switzerla 10.000 04/06/2022 CHF 64.010 Vontobel Financial P 14.500 6/24/2022 EUR 71.240 Vontobel Financial P 12.500 6/24/2022 EUR 74.640 Vontobel Financial P 17.000 6/24/2022 EUR 69.310 Vontobel Financial P 6.500 3/25/2022 EUR 65.280 Vontobel Financial P 6.000 6/24/2022 EUR 63.810 Credit Suisse AG/Lon 10.000 5/13/2022 USD 59.480 Vontobel Financial P 13.500 6/24/2022 EUR 60.910 Bank Julius Baer & C 8.800 04/06/2022 CHF 41.550 Leonteq Securities A 2.700 04/01/2026 EUR 39.510 Leonteq Securities A 19.000 04/08/2022 USD 45.340 Leonteq Securities A 15.000 04/08/2022 CHF 73.200 Leonteq Securities A 10.600 10/12/2022 CHF 62.570 UBS AG/London 14.250 10/07/2022 USD 42.700 UBS AG/London 15.500 04/07/2022 USD 45.200 UBS AG/London 9.500 04/11/2022 CHF 47.450 UBS AG/London 9.000 10/10/2022 CHF 69.900 Raiffeisen Schweiz G 7.200 10/06/2022 CHF 71.170 Zurcher Kantonalbank 14.250 4/19/2022 CHF 72.510 Bank Julius Baer & C 7.700 7/13/2022 CHF 50.250 Zurcher Kantonalbank 9.500 4/26/2022 CHF 77.240 Corner Banca SA 14.000 4/26/2022 USD 56.510 Zurcher Kantonalbank 20.000 4/14/2022 EUR 73.840 Zurcher Kantonalbank 11.500 4/14/2022 CHF 72.350 Zurcher Kantonalbank 15.000 4/20/2022 CHF 62.930 Bank Vontobel AG 11.003 10/03/2022 CHF 66.700 Bank Vontobel AG 9.007 10/03/2022 CHF 76.100 Goldman Sachs & Co W 10.000 5/25/2022 EUR 73.840 Goldman Sachs & Co W 19.000 5/25/2022 EUR 60.350 Goldman Sachs & Co W 18.000 6/22/2022 EUR 61.510 Goldman Sachs & Co W 22.000 6/22/2022 EUR 57.550 Goldman Sachs & Co W 14.000 9/21/2022 EUR 66.280 Goldman Sachs & Co W 19.000 9/21/2022 EUR 61.660 Goldman Sachs & Co W 10.00012/21/2022 EUR 72.710 Goldman Sachs & Co W 16.00012/21/2022 EUR 64.050 Goldman Sachs & Co W 7.000 4/21/2022 EUR 68.550 Goldman Sachs & Co W 7.000 5/25/2022 EUR 65.880 Goldman Sachs & Co W 9.000 5/25/2022 EUR Goldman Sachs & Co W 7.000 9/21/2022 EUR 67.750 Goldman Sachs & Co W 15.000 3/22/2023 EUR 66.820 Bank Julius Baer & C 7.400 7/13/2022 CHF 65.550 Bank Julius Baer & C 6.600 7/13/2022 CHF 67.250 UniCredit Bank AG 8.500 6/16/2022 EUR 64.840 DZ Bank AG Deutsche 10.750 3/23/2022 EUR 69.030 DZ Bank AG Deutsche 12.700 6/24/2022 EUR 74.020 DZ Bank AG Deutsche 21.200 6/24/2022 EUR 59.920 Bank Julius Baer & C 11.200 05/12/2022 CHF 68.250 DZ Bank AG Deutsche 11.200 9/23/2022 EUR 70.920 DZ Bank AG Deutsche 11.700 9/23/2022 EUR 72.770 DZ Bank AG Deutsche 8.250 3/23/2022 EUR 65.290 DZ Bank AG Deutsche 4.750 9/19/2022 EUR 71.920 EFG International Fi 15.00011/14/2022 EUR 74.100 EFG International Fi 22.000 05/12/2022 CHF 64.190 EFG International Fi 14.000 05/12/2022 USD 54.650 UBS AG/London 14.75011/14/2022 CHF 53.350 UBS AG/London 11.50011/14/2022 EUR 71.950 UBS AG/London 10.50011/14/2022 CHF 50.550 UBS AG/London 11.25011/14/2022 CHF 71.200 UBS AG/London 11.75011/14/2022 CHF 52.300 Corner Banca SA 15.000 5/25/2022 CHF 50.200 Leonteq Securities A 9.450 5/13/2022 USD 25.210 Bank Vontobel AG 14.257 08/08/2022 CHF 71.400 DZ Bank AG Deutsche 6.250 3/23/2022 EUR 70.180 DZ Bank AG Deutsche 9.000 3/23/2022 EUR 72.140 DZ Bank AG Deutsche 4.500 6/22/2022 EUR 74.210 DZ Bank AG Deutsche 8.500 6/22/2022 EUR 63.620 DZ Bank AG Deutsche 18.800 5/27/2022 EUR 63.920 DZ Bank AG Deutsche 19.000 9/23/2022 EUR 63.190 DZ Bank AG Deutsche 6.750 6/20/2022 EUR 68.220 DZ Bank AG Deutsche 9.000 9/19/2022 EUR 74.600 Leonteq Securities A 9.00011/21/2022 CHF 65.480 Bank Julius Baer & C 8.550 5/13/2022 USD 49.200 Leonteq Securities A 10.00011/14/2022 CHF 69.750 Vontobel Financial P 18.500 6/24/2022 EUR 73.220 Vontobel Financial P 12.500 6/24/2022 EUR 73.830 Vontobel Financial P 18.500 6/24/2022 EUR 66.740 Vontobel Financial P 16.500 6/24/2022 EUR 68.880 Vontobel Financial P 14.000 6/24/2022 EUR 72.730 Vontobel Financial P 15.500 6/24/2022 EUR 70.960 Vontobel Financial P 16.000 6/24/2022 EUR 59.110 Vontobel Financial P 15.500 6/24/2022 EUR 73.120 Vontobel Financial P 7.500 6/24/2022 EUR 64.300 Vontobel Financial P 9.000 6/24/2022 EUR 78.050 Vontobel Financial P 18.500 6/24/2022 EUR 63.800 Vontobel Financial P 17.500 6/24/2022 EUR 56.220 Vontobel Financial P 17.000 6/24/2022 EUR 72.790 Zurcher Kantonalbank 15.750 5/20/2022 CHF 76.820 Zurcher Kantonalbank 10.000 5/20/2022 CHF 69.850 UniCredit Bank AG 6.500 9/15/2022 EUR 44.470 UniCredit Bank AG 7.300 6/14/2024 EUR 63.290 Zurcher Kantonalbank 20.500 5/19/2022 USD 68.720 Corner Banca SA 14.000 05/09/2022 CHF 39.020 EFG International Fi 4.900 11/10/2023 USD 70.170 Leonteq Securities A 13.000 05/09/2022 CHF 38.780 DZ Bank AG Deutsche 4.750 3/21/2022 EUR 74.830 Corner Banca SA 20.000 04/06/2022 USD 49.090 EFG International Fi 15.000 9/26/2022 CHF 56.260 UBS AG/London 26.250 9/26/2022 USD 53.350 Credit Suisse AG/Lon 8.500 3/24/2022 CHF 41.890 UBS AG/London 29.750 3/24/2022 CHF 39.500 Danske Bank A/S 7.500 01/09/2025 SEK 78.270 DZ Bank AG Deutsche 6.250 6/22/2022 EUR 71.710 BNP Paribas Emission 6.000 9/22/2022 EUR 72.460 BNP Paribas Emission 8.000 9/22/2022 EUR 67.680 Leonteq Securities A 10.000 6/29/2022 CHF 63.130 Leonteq Securities A 16.000 3/25/2022 CHF 70.940 Corner Banca SA 16.000 3/29/2022 EUR 65.320 Corner Banca SA 14.000 9/26/2022 USD 55.050 Leonteq Securities A 18.000 3/29/2022 CHF 39.720 DZ Bank AG Deutsche 6.250 3/23/2022 EUR 64.650 DZ Bank AG Deutsche 7.000 6/22/2022 EUR 68.930 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 61.260 DZ Bank AG Deutsche 10.000 6/22/2022 EUR 61.700 DZ Bank AG Deutsche 7.250 3/23/2022 EUR 60.500 DZ Bank AG Deutsche 8.500 3/23/2022 EUR 60.520 Bank Julius Baer & C 9.600 04/01/2022 EUR 68.950 BNP Paribas Emission 9.500 6/23/2022 EUR 53.540 BNP Paribas Emission 15.000 6/23/2022 EUR 45.580 Bank Julius Baer & C 19.800 04/04/2022 CHF 51.350 Corner Banca SA 16.000 04/06/2022 CHF 41.330 Vontobel Financial P 16.000 3/25/2022 EUR 63.080 Landesbank Baden-Wue 8.140 3/18/2022 EUR 63.970 Raiffeisen Schweiz G 8.000 10/06/2022 CHF 70.770 BNP Paribas Emission 7.500 6/23/2022 EUR 74.800 BNP Paribas Emission 8.000 6/23/2022 EUR 72.590 BNP Paribas Emission 13.000 6/23/2022 EUR 65.710 BNP Paribas Emission 11.000 6/23/2022 EUR 39.790 BNP Paribas Emission 8.000 6/23/2022 EUR 75.920 Raiffeisen Switzerla 14.000 3/22/2022 CHF 66.900 BNP Paribas Emission 9.000 6/23/2022 EUR 73.970 BNP Paribas Emission 8.000 6/23/2022 EUR 43.900 BNP Paribas Emission 16.000 6/23/2022 EUR 62.920 BNP Paribas Emission 5.500 6/23/2022 EUR 68.410 BNP Paribas Emission 6.000 6/23/2022 EUR 66.430 BNP Paribas Emission 7.500 6/23/2022 EUR 64.830 BNP Paribas Emission 8.000 6/23/2022 EUR 63.710 BNP Paribas Emission 9.500 6/23/2022 EUR 62.880 BNP Paribas Emission 12.000 6/23/2022 EUR 48.130 BNP Paribas Emission 15.000 6/23/2022 EUR 64.320 BNP Paribas Emission 14.000 6/23/2022 EUR 72.640 Leonteq Securities A 15.000 04/01/2022 CHF 65.690 Zurcher Kantonalbank 8.000 7/14/2022 CHF 72.040 BNP Paribas Emission 15.000 6/23/2022 EUR 44.100 BNP Paribas Emission 11.000 6/23/2022 EUR 71.140 BNP Paribas Emission 13.000 6/23/2022 EUR 38.270 BNP Paribas Emission 10.000 6/23/2022 EUR 67.640 BNP Paribas Emission 12.000 6/23/2022 EUR 70.070 Basler Kantonalbank 11.000 4/14/2022 CHF 73.620 Credit Suisse AG/Lon 13.250 05/04/2022 USD 52.320 Credit Suisse AG/Lon 9.500 05/10/2022 CHF 46.400 Bank Julius Baer & C 16.000 05/11/2022 EUR 27.400 BNP Paribas Emission 13.000 6/23/2022 EUR 64.660 EFG International Fi 10.000 9/26/2022 CHF 74.540 UBS AG/London 14.500 3/24/2022 CHF 67.250 UBS AG/London 21.250 3/24/2022 USD 62.350 UBS AG/London 15.500 3/24/2022 CHF 39.150 UBS AG/London 15.500 3/24/2022 CHF 31.400 Vontobel Financial P 13.000 6/24/2022 EUR 70.310 Vontobel Financial P 14.000 3/25/2022 EUR 69.810 Corner Banca SA 16.000 08/10/2022 EUR 67.140 Raiffeisen Switzerla 12.500 05/10/2022 EUR 36.240 Basler Kantonalbank 9.400 05/05/2022 CHF 69.490 Zurcher Kantonalbank 19.250 5/19/2022 CHF 77.760 Luzerner Kantonalban 5.000 05/11/2022 USD 52.900 Leonteq Securities A 21.420 05/11/2022 CHF 31.000 UniCredit Bank AG 7.200 9/15/2022 EUR 78.800 Leonteq Securities A 21.530 5/17/2022 CHF 29.640 Landesbank Baden-Wue 2.600 9/22/2023 EUR 72.560 Citigroup Global Mar 8.200 3/21/2024 SEK 70.290 Vontobel Financial P 9.000 06/08/2022 EUR 48.130 Leonteq Securities A 20.40011/16/2022 CHF 52.760 DZ Bank AG Deutsche 11.250 6/22/2022 EUR 74.280 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 60.500 DZ Bank AG Deutsche 13.500 6/22/2022 EUR 71.530 DZ Bank AG Deutsche 8.500 3/23/2022 EUR 58.060 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 60.150 DZ Bank AG Deutsche 7.500 6/22/2022 EUR 70.720 Raiffeisen Schweiz G 15.00011/15/2022 CHF 70.990 Credit Suisse AG/Lon 10.250 06/02/2022 USD 37.230 Leonteq Securities A 9.000 09/07/2022 CHF 66.980 Leonteq Securities A 9.400 12/07/2022 EUR 75.110 Leonteq Securities A 8.000 12/07/2022 CHF 42.120 Zurcher Kantonalbank 9.500 8/26/2022 CHF 42.370 Zurcher Kantonalbank 10.000 6/14/2022 CHF 68.920 Zurcher Kantonalbank 15.000 6/14/2022 CHF 63.250 Vontobel Financial P 11.000 9/23/2022 EUR 46.220 Vontobel Financial P 9.500 6/24/2022 EUR 73.630 Vontobel Financial P 10.500 6/24/2022 EUR 72.180 Vontobel Financial P 12.750 6/24/2022 EUR 70.970 Vontobel Financial P 8.500 9/23/2022 EUR 74.760 Vontobel Financial P 10.500 9/23/2022 EUR 72.650 Vontobel Financial P 14.000 9/23/2022 EUR 68.760 Vontobel Financial P 17.000 9/23/2022 EUR 66.530 Vontobel Financial P 11.250 6/24/2022 EUR 72.280 Vontobel Financial P 5.500 6/24/2022 EUR 72.940 Vontobel Financial P 15.500 6/24/2022 EUR 67.270 Vontobel Financial P 6.000 9/23/2022 EUR 59.220 Vontobel Financial P 3.000 6/24/2022 EUR 57.020 Leonteq Securities A 20.000 8/23/2022 CHF 68.520 Leonteq Securities A 13.000 8/23/2022 CHF 45.510 Raiffeisen Schweiz G 14.000 2/20/2023 CHF 57.850 Corner Banca SA 12.000 8/23/2022 EUR 70.810 Leonteq Securities A 15.00011/23/2022 CHF 48.770 Leonteq Securities A 20.000 8/23/2022 USD 37.450 Bank Julius Baer & C 9.85011/16/2022 CHF 48.000 Leonteq Securities A 12.000 06/08/2022 CHF 20.840 SG Issuer SA 2.100 5/16/2033 EUR 81.720 Zurcher Kantonalbank 14.000 6/14/2022 CHF 68.290 Zurcher Kantonalbank 9.500 6/15/2022 EUR 67.270 Vontobel Financial P 8.500 9/23/2022 EUR 48.480 Vontobel Financial P 19.000 6/24/2022 EUR 41.870 Vontobel Financial P 11.500 6/24/2022 EUR 70.790 Vontobel Financial P 11.000 9/23/2022 EUR 71.410 Vontobel Financial P 12.000 9/23/2022 EUR 70.480 Vontobel Financial P 13.000 9/23/2022 EUR 69.590 Vontobel Financial P 15.000 9/23/2022 EUR 67.970 Vontobel Financial P 9.500 6/24/2022 EUR 72.470 Vontobel Financial P 10.000 6/24/2022 EUR 51.940 Vontobel Financial P 16.500 6/24/2022 EUR 66.130 Vontobel Financial P 8.500 9/23/2022 EUR 63.640 DZ Bank AG Deutsche 5.000 9/19/2022 EUR 74.160 Zurcher Kantonalbank 11.600 11/10/2022 EUR 67.860 Basler Kantonalbank 9.40011/24/2022 CHF 73.790 DZ Bank AG Deutsche 5.250 3/23/2022 EUR 71.180 DZ Bank AG Deutsche 10.750 3/23/2022 EUR 71.270 Leonteq Securities A 24.00011/15/2022 CHF 73.840 DZ Bank AG Deutsche 13.000 3/23/2022 EUR 60.600 DZ Bank AG Deutsche 12.000 6/22/2022 EUR 62.210 Leonteq Securities A 30.00011/15/2022 CHF 60.560 DZ Bank AG Deutsche 6.750 6/22/2022 EUR 68.240 Leonteq Securities A 22.80011/16/2022 CHF 58.300 Raiffeisen Schweiz G 9.00011/15/2022 CHF 77.320 Vontobel Financial P 18.650 06/09/2022 EUR 22.460 UniCredit Bank AG 8.40012/14/2022 EUR 80.120 Goldman Sachs & Co W 19.000 6/22/2022 EUR 73.870 UniCredit Bank AG 7.400 12/09/2024 EUR 73.320 Credit Suisse AG/Lon 10.500 09/05/2022 EUR 67.840 Zurcher Kantonalbank 6.500 6/14/2022 CHF 64.630 Leonteq Securities A 10.000 12/07/2022 USD 72.840 Vontobel Financial P 14.000 9/23/2022 EUR 44.720 Credit Suisse AG/Lon 11.500 06/01/2022 EUR 65.420 Vontobel Financial P 22.000 6/24/2022 EUR 74.110 Vontobel Financial P 13.000 6/24/2022 EUR 69.600 Vontobel Financial P 12.000 6/24/2022 EUR 65.330 Vontobel Financial P 9.750 6/24/2022 EUR 39.070 DZ Bank AG Deutsche 7.000 9/19/2022 EUR 72.330 DZ Bank AG Deutsche 6.800 6/20/2022 EUR 74.880 Raiffeisen Centroban 10.500 9/22/2022 EUR 57.690 Leonteq Securities A 11.000 2/23/2023 CHF 45.070 Bank Julius Baer & C 8.000 09/08/2022 CHF 68.950 Leonteq Securities A 8.000 2/23/2023 USD 62.510 Zurcher Kantonalbank 19.250 6/15/2022 CHF 55.100 Vontobel Financial P 13.750 6/24/2022 EUR 40.210 DekaBank Deutsche Gi 4.000 07/07/2022 EUR 55.720 Leonteq Securities A 21.840 06/09/2022 CHF 73.310 Bank Vontobel AG 15.004 8/26/2022 CHF 37.600 DZ Bank AG Deutsche 8.750 6/22/2022 EUR 70.060 DZ Bank AG Deutsche 5.250 9/21/2022 EUR 67.610 DZ Bank AG Deutsche 5.75012/21/2022 EUR 67.300 Landesbank Baden-Wue 3.40011/25/2022 EUR 59.530 DZ Bank AG Deutsche 7.50012/21/2022 EUR 75.250 DZ Bank AG Deutsche 8.250 3/22/2023 EUR 67.750 DZ Bank AG Deutsche 11.250 6/22/2022 EUR 67.390 DZ Bank AG Deutsche 7.750 6/22/2022 EUR 71.110 DZ Bank AG Deutsche 5.500 3/22/2023 EUR 72.050 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 72.020 DZ Bank AG Deutsche 9.750 9/21/2022 EUR 73.390 DZ Bank AG Deutsche 8.00012/21/2022 EUR 71.480 DZ Bank AG Deutsche 6.250 9/21/2022 EUR 71.430 DZ Bank AG Deutsche 5.25012/21/2022 EUR 67.740 DZ Bank AG Deutsche 8.000 6/22/2022 EUR 74.200 DZ Bank AG Deutsche 6.750 9/21/2022 EUR 73.890 DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.940 Leonteq Securities A 30.000 1/18/2023 CHF 65.780 Societe Generale Eff 14.000 6/24/2022 EUR 62.710 DZ Bank AG Deutsche 18.800 9/23/2022 EUR 72.070 Societe Generale Eff 7.50010/28/2022 EUR 74.500 DZ Bank AG Deutsche 18.50011/25/2022 EUR 46.700 DZ Bank AG Deutsche 20.40012/23/2022 EUR 47.140 Landesbank Baden-Wue 3.000 9/23/2022 EUR 56.030 Vontobel Financial P 5.00012/23/2022 EUR 66.690 Vontobel Financial P 8.00012/23/2022 EUR 68.320 Vontobel Financial P 7.00012/23/2022 EUR 72.730 DZ Bank AG Deutsche 14.200 6/24/2022 EUR 62.640 DZ Bank AG Deutsche 21.600 6/24/2022 EUR 59.610 DZ Bank AG Deutsche 10.90011/25/2022 EUR 66.260 Vontobel Financial P 8.50012/23/2022 EUR 68.210 Vontobel Financial P 15.00012/23/2022 EUR 63.260 Vontobel Financial P 9.50012/23/2022 EUR 68.270 UniCredit Bank AG 6.30012/21/2022 EUR 69.380 UBS AG/London 11.250 12/09/2022 CHF 47.550 Societe Generale Eff 5.75010/28/2022 EUR 64.710 Credit Suisse AG/Lon 10.250 11/09/2022 USD 51.080 Credit Suisse AG/Lon 9.500 11/04/2022 CHF 81.060 Credit Suisse AG/Lon 15.750 11/10/2022 CHF 54.430 Leonteq Securities A 22.860 8/24/2022 CHF 64.810 Vontobel Financial P 9.000 6/24/2022 EUR 73.860 Vontobel Financial P 9.500 9/23/2022 EUR 61.090 DZ Bank AG Deutsche 12.200 9/23/2022 EUR 61.220 Leonteq Securities A 8.000 6/27/2023 USD 79.900 Vontobel Financial P 5.50012/23/2022 EUR 75.520 Vontobel Financial P 15.00012/23/2022 EUR 70.650 DZ Bank AG Deutsche 11.800 9/23/2022 EUR 64.970 Vontobel Financial P 9.50012/23/2022 EUR 67.100 Vontobel Financial P 11.50012/23/2022 EUR 71.100 Vontobel Financial P 14.50012/23/2022 EUR 73.460 Vontobel Financial P 6.00012/23/2022 EUR 62.900 Vontobel Financial P 9.50012/23/2022 EUR 68.830 Leonteq Securities A 23.40010/25/2022 CHF 62.100 UniCredit Bank AG 4.250 9/14/2022 EUR 61.190 Bank Julius Baer & C 9.000 07/01/2022 USD 50.900 Landesbank Baden-Wue 2.80012/23/2022 EUR 58.940 UniCredit Bank AG 3.500 2/13/2023 EUR 43.990 DZ Bank AG Deutsche 10.000 6/24/2022 EUR 70.950 DZ Bank AG Deutsche 10.00012/23/2022 EUR 70.200 Societe Generale Eff 25.250 7/22/2022 EUR 59.470 Leonteq Securities A 15.000 2/24/2023 USD 70.940 Leonteq Securities A 14.000 2/23/2023 CHF 69.490 DZ Bank AG Deutsche 19.100 6/24/2022 EUR 71.000 DZ Bank AG Deutsche 23.900 6/24/2022 EUR 68.740 Societe Generale Eff 13.500 9/23/2022 EUR 74.860 Societe Generale Eff 9.500 8/26/2022 EUR 72.250 Leonteq Securities A 20.00012/27/2022 USD 55.000 Societe Generale Eff 6.50010/28/2022 EUR 75.740 Societe Generale Eff 8.50010/28/2022 EUR 73.430 DZ Bank AG Deutsche 17.70012/23/2022 EUR 47.480 DZ Bank AG Deutsche 17.700 3/24/2023 EUR 49.350 Vontobel Financial P 10.00012/23/2022 EUR 64.790 Vontobel Financial P 16.00012/23/2022 EUR 68.600 Vontobel Financial P 11.00012/23/2022 EUR 68.710 Vontobel Financial P 5.50012/23/2022 EUR 72.050 Vontobel Financial P 7.50012/23/2022 EUR 69.390 DZ Bank AG Deutsche 6.700 3/24/2023 EUR 70.360 Vontobel Financial P 8.50012/23/2022 EUR 64.790 UniCredit Bank AG 4.550 9/28/2023 EUR 70.680 UniCredit Bank AG 3.750 9/14/2022 EUR 52.660 Societe Generale Eff 23.000 8/26/2022 EUR 60.610 Vontobel Financial P 4.900 7/13/2023 EUR 67.930 Societe Generale Eff 9.000 8/26/2022 EUR 75.500 Societe Generale Eff 7.500 9/23/2022 EUR 77.260 Landesbank Baden-Wue 3.85012/23/2022 EUR 72.400 Landesbank Baden-Wue 10.50012/23/2022 EUR 57.930 Vontobel Financial P 23.00012/23/2022 EUR 70.580 Landesbank Baden-Wue 3.400 2/24/2023 EUR 66.200 Vontobel Financial P 9.25012/23/2022 EUR 71.400 Vontobel Financial P 16.00012/23/2022 EUR 76.050 UniCredit Bank AG 5.150 01/02/2023 EUR 61.560 Landesbank Baden-Wue 3.400 1/27/2023 EUR 63.810 Landesbank Baden-Wue 6.70012/23/2022 EUR 72.940 SG Issuer SA 5.000 5/23/2024 EUR 58.140 Landesbank Baden-Wue 7.35012/23/2022 EUR 62.720 Landesbank Baden-Wue 10.00012/23/2022 EUR 57.100 Landesbank Baden-Wue 12.00012/23/2022 EUR 55.670 SG Issuer SA 5.000 04/02/2024 EUR 57.390 Landesbank Baden-Wue 6.00012/23/2022 EUR 63.390 Vontobel Financial P 10.50012/23/2022 EUR 74.120 Leonteq Securities A 20.400 11/01/2022 CHF 53.540 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 68.620 DZ Bank AG Deutsche 8.500 6/22/2022 EUR 65.980 DZ Bank AG Deutsche 7.250 6/22/2022 EUR 65.830 Vontobel Financial P 10.00012/23/2022 EUR 64.810 Vontobel Financial P 4.00012/23/2022 EUR 59.390 Vontobel Financial P 5.00012/23/2022 EUR 60.230 DZ Bank AG Deutsche 17.600 6/24/2022 EUR 63.570 DZ Bank AG Deutsche 15.600 9/23/2022 EUR 66.260 DZ Bank AG Deutsche 19.900 6/24/2022 EUR 68.750 DZ Bank AG Deutsche 18.000 6/24/2022 EUR 33.130 DZ Bank AG Deutsche 16.200 6/24/2022 EUR 74.510 Bank Julius Baer & C 17.200 02/06/2023 USD 63.100 UniCredit Bank AG 6.250 04/07/2022 EUR 58.250 UniCredit Bank AG 7.500 04/07/2022 EUR 73.600 Vontobel Financial P 15.50012/23/2022 EUR 50.980 Vontobel Financial P 16.700 05/06/2022 USD 73.130 Leonteq Securities A 24.000 11/04/2022 CHF 58.270 Vontobel Financial P 9.750 3/25/2022 EUR 61.690 Zurcher Kantonalbank 13.500 3/25/2022 CHF 57.750 DZ Bank AG Deutsche 8.250 3/23/2022 EUR 73.530 DZ Bank AG Deutsche 11.500 3/23/2022 EUR 49.180 Vontobel Financial P 14.000 3/25/2022 EUR 69.810 Vontobel Financial P 6.650 3/16/2022 EUR 66.290 Vontobel Financial P 11.100 3/16/2022 EUR 66.290 Vontobel Financial P 11.000 3/25/2022 EUR 73.720 UniCredit Bank AG 13.900 4/21/2022 EUR 56.170 Vontobel Financial P 9.000 4/13/2022 EUR 48.760 Leonteq Securities A 15.000 6/16/2022 EUR 66.830 Leonteq Securities A 15.000 6/16/2022 USD 46.840 Zurcher Kantonalbank 11.500 3/25/2022 CHF 45.360 UniCredit Bank AG 6.200 4/13/2022 EUR 41.350 UniCredit Bank AG 8.100 4/13/2022 EUR 66.950 Raiffeisen Switzerla 11.000 6/15/2022 CHF 68.910 Raiffeisen Switzerla 10.000 6/15/2022 CHF 72.370 Landesbank Baden-Wue 3.000 5/27/2022 EUR 37.450 Landesbank Baden-Wue 5.200 5/27/2022 EUR 33.880 Landesbank Baden-Wue 7.750 5/27/2022 EUR 31.160 Societe Generale Eff 16.25010/28/2022 EUR 73.170 Societe Generale Eff 18.25010/28/2022 EUR 71.620 Societe Generale Eff 22.25010/28/2022 EUR 69.260 Landesbank Baden-Wue 2.100 5/26/2023 EUR 74.420 Landesbank Baden-Wue 3.650 6/23/2023 EUR 72.280 Landesbank Baden-Wue 6.000 5/26/2023 EUR 72.480 Societe Generale Eff 6.50011/25/2022 EUR 75.420 Societe Generale Eff 7.50011/25/2022 EUR 74.170 Societe Generale Eff 10.750 6/24/2022 EUR 70.400 Societe Generale Eff 10.75011/25/2022 EUR 69.420 Vontobel Financial P 8.50012/23/2022 EUR 67.580 Landesbank Baden-Wue 4.000 5/26/2023 EUR 55.330 Landesbank Baden-Wue 6.200 5/26/2023 EUR 51.120 Landesbank Baden-Wue 7.850 5/26/2023 EUR 51.550 Societe Generale Eff 10.75011/25/2022 EUR 47.080 Societe Generale Eff 9.250 9/23/2022 EUR 72.070 Societe Generale Eff 16.000 9/23/2022 EUR 42.850 Societe Generale Eff 6.75011/25/2022 EUR 54.260 Credit Suisse AG/Lon 13.750 1/18/2023 CHF 77.750 Societe Generale Eff 26.250 7/22/2022 EUR 67.890 Societe Generale Eff 14.250 7/22/2022 EUR 77.650 Societe Generale Eff 16.250 7/22/2022 EUR 75.480 Societe Generale Eff 22.250 7/22/2022 EUR 70.270 Leonteq Securities A 10.00011/25/2022 CHF 49.080 Societe Generale Eff 20.25010/28/2022 EUR 70.330 Vontobel Financial P 15.000 3/24/2023 EUR 69.950 Societe Generale Eff 4.75011/25/2022 EUR 62.630 Societe Generale Eff 8.75011/25/2022 EUR 49.670 Landesbank Baden-Wue 6.50010/27/2023 EUR 54.650 Landesbank Baden-Wue 8.00010/27/2023 EUR 53.430 Societe Generale Eff 20.250 7/22/2022 EUR 71.780 Societe Generale Eff 19.00011/25/2022 EUR 70.890 Societe Generale Eff 21.00011/25/2022 EUR 69.810 Societe Generale Eff 28.250 7/22/2022 EUR 66.960 Societe Generale Eff 17.750 8/26/2022 EUR 73.120 Societe Generale Eff 21.750 8/26/2022 EUR 70.070 Societe Generale Eff 25.750 8/26/2022 EUR 67.900 Societe Generale Eff 20.000 9/23/2022 EUR 70.840 Societe Generale Eff 24.000 9/23/2022 EUR 68.560 Societe Generale Eff 18.250 7/22/2022 EUR 73.540 Leonteq Securities A 10.80011/29/2022 CHF 76.890 Landesbank Baden-Wue 5.500 5/26/2023 EUR 73.220 Vontobel Financial P 6.500 3/24/2023 EUR 58.170 Societe Generale Eff 15.00011/25/2022 EUR 73.880 Societe Generale Eff 17.00011/25/2022 EUR 72.240 Landesbank Baden-Wue 3.000 5/26/2023 EUR 72.530 Landesbank Baden-Wue 2.400 6/23/2023 EUR 74.850 Landesbank Baden-Wue 4.600 6/23/2023 EUR 70.660 Societe Generale Eff 15.750 8/26/2022 EUR 74.920 Societe Generale Eff 19.750 8/26/2022 EUR 71.480 Societe Generale Eff 23.750 8/26/2022 EUR 68.890 Societe Generale Eff 14.000 9/23/2022 EUR 75.690 Societe Generale Eff 22.000 9/23/2022 EUR 69.600 Societe Generale Eff 14.25010/28/2022 EUR 74.940 Societe Generale Eff 24.250 7/22/2022 EUR 68.980 Societe Generale Eff 13.750 8/26/2022 EUR 77.050 Societe Generale Eff 12.000 9/23/2022 EUR 77.830 Societe Generale Eff 16.000 9/23/2022 EUR 73.880 Societe Generale Eff 12.25010/28/2022 EUR 77.070 Leonteq Securities A 10.20011/25/2022 CHF 75.760 Leonteq Securities A 22.82011/25/2022 CHF 48.140 Landesbank Baden-Wue 4.35010/27/2023 EUR 76.010 Landesbank Baden-Wue 3.00010/25/2024 EUR 37.080 Vontobel Financial P 8.000 3/24/2023 EUR 67.870 Vontobel Financial P 7.50012/23/2022 EUR 65.730 Vontobel Financial P 9.50012/23/2022 EUR 67.300 Vontobel Financial P 8.50012/23/2022 EUR 66.510 Vontobel Financial P 10.00012/23/2022 EUR 67.700 Vontobel Financial P 7.500 3/24/2023 EUR 67.350 Vontobel Financial P 14.500 3/24/2023 EUR 74.160 Societe Generale Eff 7.550 8/23/2024 EUR 57.210 Nordea Bank Abp 7.150 7/20/2024 SEK 76.860 Nordea Bank Abp 6.063 7/20/2024 SEK 73.920 EFG International Fi 6.200 08/05/2022 EUR 24.970 Vontobel Financial P 9.010 08/08/2022 EUR 78.190 Bank Vontobel AG 6.500 8/28/2023 CHF 67.200 Bank Vontobel AG 5.50011/28/2022 CHF 72.600 Corner Banca SA 17.000 1/17/2023 EUR 61.580 Credit Suisse AG/Lon 9.250 08/11/2022 CHF 46.540 UBS AG/London 13.250 4/14/2023 USD 73.700 Basler Kantonalbank 12.00011/24/2022 CHF 72.030 Zurcher Kantonalbank 15.000 9/23/2022 CHF 51.370 Zurcher Kantonalbank 20.000 9/23/2022 CHF 71.140 Zurcher Kantonalbank 10.250 9/27/2022 CHF 69.630 Vontobel Financial P 7.500 3/24/2023 EUR 70.060 Vontobel Financial P 6.500 3/24/2023 EUR 71.050 Vontobel Financial P 8.50012/23/2022 EUR 69.200 Bank Vontobel AG 17.000 09/05/2022 CHF 47.000 Bank Vontobel AG 9.500 12/12/2022 CHF 75.000 Societe Generale SA 4.50012/29/2022 USD Zurcher Kantonalbank 8.00010/18/2022 CHF 46.460 UBS AG/London 10.750 3/15/2023 CHF 52.200 UBS AG/London 10.750 3/15/2023 USD 67.200 Vontobel Financial P 11.000 3/24/2023 EUR 69.830 Vontobel Financial P 13.00012/23/2022 EUR 69.570 Vontobel Financial P 14.50012/23/2022 EUR 65.590 Vontobel Financial P 8.500 3/24/2023 EUR 69.090 Vontobel Financial P 6.000 3/24/2023 EUR 66.490 Vontobel Financial P 5.50012/23/2022 EUR 64.930 Vontobel Financial P 7.00012/23/2022 EUR 68.020 Vontobel Financial P 7.50012/23/2022 EUR 68.400 Vontobel Financial P 9.00012/23/2022 EUR 69.600 Bank Vontobel AG 19.000 12/05/2022 CHF 51.500 Zurcher Kantonalbank 13.000 9/20/2022 USD 58.930 Zurcher Kantonalbank 12.000 9/20/2022 CHF 65.100 Credit Suisse AG/Lon 11.500 7/13/2022 CHF 45.030 Zurcher Kantonalbank 16.00010/14/2022 CHF 55.090 UBS AG/London 15.250 9/15/2023 USD 56.100 Credit Suisse AG/Lon 10.000 7/19/2022 EUR 37.330 Bank Vontobel AG 12.000 09/06/2022 USD 48.100 Bank Vontobel AG 7.000 10/02/2023 CHF 69.000 Bank Vontobel AG 13.500 3/31/2023 CHF 63.500 UBS AG/London 12.000 02/06/2023 USD 60.600 UBS AG/London 10.250 02/06/2023 CHF 65.450 Vontobel Financial P 9.500 3/24/2023 EUR 71.370 Vontobel Financial P 7.00012/23/2022 EUR 67.370 UniCredit Bank AG 6.500 2/20/2023 PLN 97.700 Bank Vontobel AG 8.750 4/18/2023 CHF 47.600 Vontobel Financial P 8.000 3/24/2023 EUR 70.590 UBS AG/London 15.000 09/09/2022 USD 50.500 Bank Vontobel AG 19.500 09/05/2022 CHF 32.000 Zurcher Kantonalbank 10.000 9/15/2022 CHF 72.870 Zurcher Kantonalbank 19.500 10/12/2022 CHF 57.800 UBS AG/London 15.500 07/07/2022 CHF 80.600 UBS AG/London 10.250 1/17/2023 USD 56.900 Bank Vontobel AG 8.000 03/06/2023 USD 66.800 Bank Vontobel AG 20.000 10/03/2022 CHF 67.800 Bank Vontobel AG 17.000 1/24/2023 CHF 45.000 Credit Suisse AG/Lon 9.50010/18/2022 CHF 43.540 Credit Suisse AG/Lon 13.50010/24/2022 USD 56.020 Raiffeisen Switzerla 10.000 1/18/2023 CHF 78.490 Raiffeisen Switzerla 17.400 1/17/2023 EUR 64.170 Zurcher Kantonalbank 10.000 01/11/2023 CHF 64.110 Societe Generale SA 4.50012/30/2024 USD 75.810 UBS AG/London 10.000 3/22/2023 CHF 67.050 Credit Suisse AG/Lon 10.000 7/22/2022 CHF 30.730 Credit Suisse AG/Lon 12.750 7/20/2022 CHF 45.740 Bank Vontobel AG 16.25011/28/2022 CHF 58.200 UBS AG/London 8.000 7/28/2022 EUR 53.100 Bank Vontobel AG 6.000 09/04/2023 CHF 68.900 Bank Vontobel AG 13.750 03/06/2023 EUR 42.700 UBS AG/London 17.25011/24/2022 EUR 45.800 UBS AG/London 21.250 2/20/2023 CHF 50.850 UBS AG/London 8.750 2/27/2023 USD 65.850 Credit Suisse AG/Lon 11.500 7/28/2022 USD 76.270 Credit Suisse AG/Lon 12.500 7/29/2022 USD 29.560 Credit Suisse AG/Lon 18.250 08/08/2022 USD 50.420 UBS AG/London 13.000 04/06/2023 USD 56.500 Zurcher Kantonalbank 14.50010/24/2022 USD 40.740 Zurcher Kantonalbank 10.00010/24/2022 USD 70.770 Vontobel Financial P 8.500 3/24/2023 EUR 70.360 Vontobel Financial P 11.000 3/24/2023 EUR 72.930 Zurcher Kantonalbank 10.000 07/11/2022 CHF 64.580 Societe Generale Eff 10.250 7/22/2022 EUR 71.610 UBS AG/London 7.250 07/10/2023 USD 73.850 Bank Vontobel AG 10.500 10/10/2022 CHF 72.000 Credit Suisse AG/Lon 9.000 10/07/2022 CHF 41.700 Bank Vontobel AG 20.00012/27/2022 CHF 65.700 Bank Vontobel AG 5.00012/27/2022 CHF 77.300 UBS AG/London 11.500 03/01/2023 USD 65.350 UBS AG/London 11.250 03/01/2023 CHF 45.350 UBS AG/London 9.750 03/01/2023 CHF 44.350 UBS AG/London 6.250 09/01/2023 EUR 73.150 Zurcher Kantonalbank 7.500 01/10/2023 CHF 70.540 Credit Suisse AG/Lon 11.000 10/03/2022 CHF 68.400 Credit Suisse AG/Lon 8.250 10/04/2022 EUR 75.150 Bank Vontobel AG 13.000 01/10/2023 CHF 47.800 Bank Vontobel AG 15.000 04/12/2023 EUR 53.800 UBS AG/London 10.250 03/09/2023 USD 48.400 Vontobel Financial P 11.000 3/24/2023 EUR 70.440 Vontobel Financial P 5.000 3/24/2023 EUR 65.450 Vontobel Financial P 7.00012/23/2022 EUR 66.110 Bank Vontobel AG 9.500 12/12/2022 CHF 75.500 Bank Vontobel AG 5.750 09/11/2023 CHF 66.100 Bank Vontobel AG 12.50011/28/2022 CHF 44.200 Zurcher Kantonalbank 21.000 9/16/2022 CHF 70.420 Credit Suisse AG/Lon 9.000 10/12/2022 EUR 71.210 Credit Suisse AG/Lon 13.500 7/18/2022 CHF 67.850 Zurcher Kantonalbank 13.00010/13/2022 CHF 71.380 Societe Generale SA 4.50012/29/2022 USD 0.380 Vontobel Financial P 9.00012/23/2022 EUR 73.900 UBS AG/London 12.000 3/22/2023 CHF 43.850 UBS AG/London 8.000 01/09/2023 CHF 70.150 UBS AG/London 17.250 7/14/2022 USD 74.000 UBS AG/London 21.250 7/14/2022 CHF 50.200 Zurcher Kantonalbank 19.500 09/08/2022 CHF 41.120 UBS AG/London 19.500 08/11/2022 CHF 43.700 Vontobel Financial P 10.50012/23/2022 EUR 67.600 Vontobel Financial P 7.500 3/24/2023 EUR 68.050 Vontobel Financial P 6.00012/23/2022 EUR 65.330 Vontobel Financial P 8.00012/23/2022 EUR 66.900 Vontobel Financial P 8.500 3/24/2023 EUR 71.100 Bank Vontobel AG 14.00011/28/2022 CHF 59.600 Credit Suisse AG/Lon 10.00012/28/2022 USD 47.120 Bank Vontobel AG 16.250 04/12/2023 CHF 63.700 Vontobel Financial P 12.50012/23/2022 EUR 71.670 Zurcher Kantonalbank 8.250 9/23/2022 CHF 73.430 UBS AG/London 9.250 2/13/2023 CHF 49.650 UBS AG/London 9.250 2/13/2023 USD 35.850 UBS AG/London 9.250 2/20/2023 CHF 45.000 Bank Vontobel AG 8.00011/28/2022 CHF 49.800 Bank Vontobel AG 11.00011/28/2022 CHF 77.600 Bank Vontobel AG 10.00011/28/2022 CHF 41.000 Zurcher Kantonalbank 25.000 9/20/2022 CHF 47.110 Credit Suisse AG/Lon 12.500 7/14/2022 USD 27.020 UBS AG/London 12.250 4/13/2023 CHF 48.650 UBS AG/London 5.500 3/15/2023 EUR 55.900 UBS AG/London 18.250 3/15/2023 CHF 46.150 UBS AG/London 8.500 9/22/2022 CHF 37.600 Zurcher Kantonalbank 20.000 10/12/2022 USD 57.890 Credit Suisse AG/Lon 9.50010/21/2022 EUR 70.940 Bank Vontobel AG 18.500 09/06/2022 USD 58.800 Bank Vontobel AG 13.00011/28/2022 CHF 53.100 Bank Vontobel AG 13.500 10/03/2022 CHF 71.300 Bank Vontobel AG 5.250 01/04/2023 CHF 68.300 Vontobel Financial P 11.50012/23/2022 EUR 68.380 UBS AG/London 11.750 08/04/2023 USD 68.600 UBS AG/London 9.250 03/01/2023 CHF 41.850 UBS AG/London 10.250 09/01/2022 EUR 75.950 Zurcher Kantonalbank 7.000 01/10/2023 CHF 75.230 Credit Suisse AG/Lon 7.25012/27/2022 CHF 67.440 Credit Suisse AG/Lon 14.500 9/30/2022 USD 42.480 Credit Suisse AG/Lon 13.700 9/25/2023 USD 58.440 Bank Vontobel AG 7.000 3/31/2023 CHF 66.500 Bank Vontobel AG 10.000 01/10/2023 CHF 60.900 UBS AG/London 15.750 03/09/2023 USD 54.450 Vontobel Financial P 7.500 3/24/2023 EUR 64.870 UBS AG/London 17.750 08/04/2022 CHF 47.250 UBS AG/London 8.750 08/04/2023 CHF 55.850 Bank Vontobel AG 5.250 3/24/2023 CHF 76.500 Credit Suisse AG/Lon 10.000 10/05/2022 USD 46.360 UBS AG/London 7.250 09/08/2023 CHF 73.550 Vontobel Financial P 10.000 3/24/2023 EUR 67.470 Vontobel Financial P 11.00012/23/2022 EUR 66.430 UBS AG/London 8.250 3/22/2023 CHF 69.050 Zurcher Kantonalbank 14.000 9/27/2022 USD 67.630 Credit Suisse AG/Lon 11.500 9/29/2022 CHF 41.240 Credit Suisse AG/Lon 7.500 10/03/2022 CHF 70.480 Credit Suisse AG/Lon 12.400 9/25/2023 EUR 60.650 Bank Vontobel AG 10.500 04/12/2023 CHF 52.900 Zurcher Kantonalbank 29.000 1/17/2023 CHF 66.370 Vontobel Financial P 12.000 3/24/2023 EUR 70.870 Vontobel Financial P 6.500 3/24/2023 EUR 67.010 Vontobel Financial P 9.000 3/24/2023 EUR 69.610 Bank Vontobel AG 6.50010/17/2022 CHF 67.400 Sberbank of Russia P 0.010 08/04/2025 RUB 73.310 Vontobel Financial P 8.500 3/24/2023 EUR 68.390 Vontobel Financial P 9.500 3/24/2023 EUR 69.430 Vontobel Financial P 13.50012/23/2022 EUR 64.550 Vontobel Financial P 8.500 3/24/2023 EUR 71.860 Vontobel Financial P 9.00012/23/2022 EUR 70.400 Vontobel Financial P 7.500 3/24/2023 EUR 70.820 Vontobel Financial P 7.50012/23/2022 EUR 69.210 Skandinaviska Enskil 7.800 7/15/2024 SEK 71.050 Skandinaviska Enskil 6.500 7/15/2024 SEK 71.370 Raiffeisen Schweiz G 16.00011/29/2022 CHF 65.170 Raiffeisen Schweiz G 9.000 5/26/2023 USD 69.670 Bank Vontobel AG 9.00011/20/2023 CHF 53.200 Bank Vontobel AG 7.500 5/26/2023 CHF 75.500 Bank Vontobel AG 21.750 5/26/2023 CHF 61.700 Bank Vontobel AG 12.500 2/27/2023 CHF 49.900 Bank Vontobel AG 9.000 5/26/2023 EUR 70.900 Bank Vontobel AG 12.00011/28/2022 CHF 68.800 Zurcher Kantonalbank 16.500 1/25/2023 CHF 69.200 Landesbank Baden-Wue 3.250 2/24/2023 EUR 66.940 Sberbank of Russia P 0.946 6/18/2025 RUB 63.600 Societe Generale Eff 11.50011/25/2022 EUR 78.380 Societe Generale Eff 14.50012/23/2022 EUR 74.490 Societe Generale Eff 18.50012/23/2022 EUR 71.120 Societe Generale Eff 14.250 9/23/2022 EUR 69.280 Societe Generale Eff 20.250 9/23/2022 EUR 64.530 Societe Generale Eff 8.75012/23/2022 EUR 76.700 Societe Generale Eff 10.75012/23/2022 EUR 72.850 Societe Generale Eff 12.75012/23/2022 EUR 70.160 Societe Generale Eff 16.75012/23/2022 EUR 66.680 Societe Generale Eff 13.750 8/26/2022 EUR 70.550 Societe Generale Eff 15.750 8/26/2022 EUR 68.150 Societe Generale Eff 19.750 8/26/2022 EUR 64.880 Societe Generale Eff 12.250 9/23/2022 EUR 71.840 UBS AG/London 18.000 01/12/2023 USD 76.200 Credit Suisse AG/Lon 8.50012/15/2022 EUR 63.820 EFG International Fi 18.00012/22/2022 CHF 78.220 Societe Generale Eff 12.50012/23/2022 EUR 76.950 Societe Generale Eff 16.50012/23/2022 EUR 72.620 Societe Generale Eff 20.50012/23/2022 EUR 69.920 Landesbank Baden-Wue 8.400 7/28/2023 EUR 71.200 Landesbank Baden-Wue 5.300 7/28/2023 EUR 74.600 Landesbank Baden-Wue 6.400 7/28/2023 EUR 77.890 Sberbank of Russia P 0.010 6/25/2025 RUB 65.700 DZ Bank AG Deutsche 14.500 1/25/2023 EUR 75.700 Leonteq Securities A 24.00012/21/2022 CHF 53.620 Leonteq Securities A 22.80012/21/2022 CHF 68.460 DZ Bank AG Deutsche 16.300 3/24/2023 EUR 74.340 DZ Bank AG Deutsche 23.300 6/24/2022 EUR 55.600 DZ Bank AG Deutsche 19.300 9/23/2022 EUR 58.490 DZ Bank AG Deutsche 21.600 9/23/2022 EUR 57.280 DZ Bank AG Deutsche 17.10012/23/2022 EUR 61.170 DZ Bank AG Deutsche 18.80012/23/2022 EUR 59.980 DZ Bank AG Deutsche 15.000 3/24/2023 EUR 62.560 DZ Bank AG Deutsche 16.300 3/24/2023 EUR 61.750 DZ Bank AG Deutsche 17.700 3/24/2023 EUR 60.940 Luzerner Kantonalban 7.00012/16/2024 USD 78.040 Bank Julius Baer & C 11.000 1/25/2023 EUR 76.300 Credit Suisse AG/Lon 15.500 1/19/2023 USD 78.180 EFG International Fi 7.000 5/23/2022 EUR 29.010 Leonteq Securities A 22.800 1/25/2023 CHF 75.250 Landesbank Baden-Wue 2.75011/25/2022 EUR 60.300 DZ Bank AG Deutsche 20.200 9/23/2022 EUR 73.090 UniCredit Bank AG 4.45012/29/2022 EUR 36.120 Raiffeisen Schweiz G 18.000 1/25/2023 CHF 75.500 Vontobel Financial P 16.00012/23/2022 EUR 72.690 Landesbank Baden-Wue 2.70010/28/2022 EUR 61.290 UniCredit Bank AG 4.400 12/10/2022 EUR 71.630 Raiffeisen Switzerla 9.000 7/21/2023 USD 78.790 SG Issuer SA 7.500 1/20/2025 SEK 50.090 DZ Bank AG Deutsche 24.80012/23/2022 EUR 68.270 DZ Bank AG Deutsche 21.900 6/24/2022 EUR 72.940 Vontobel Financial P 15.500 2/20/2023 EUR 72.920 UniCredit Bank AG 3.80012/29/2022 EUR 45.840 DekaBank Deutsche Gi 3.00012/29/2022 EUR 57.960 DZ Bank AG Deutsche 15.600 3/24/2023 EUR 49.560 Vontobel Financial P 11.50012/23/2022 EUR 73.810 Vontobel Financial P 4.00012/23/2022 EUR 78.520 Vontobel Financial P 13.00012/23/2022 EUR 67.140 Vontobel Financial P 6.50012/23/2022 EUR 70.680 Societe Generale Eff 5.600 09/04/2023 EUR 46.820 DZ Bank AG Deutsche 14.10012/23/2022 EUR 64.710 Vontobel Financial P 13.00012/23/2022 EUR 64.710 DZ Bank AG Deutsche 9.100 3/24/2023 EUR 67.610 Vontobel Financial P 4.00012/23/2022 EUR 54.180 EFG International Fi 11.04010/25/2022 EUR 49.400 Raiffeisen Schweiz G 10.000 6/29/2022 CHF 66.150 Raiffeisen Schweiz G 11.000 6/29/2022 CHF 62.510 Societe Generale Eff 10.50010/28/2022 EUR 48.360 Leonteq Securities A 14.000 2/22/2023 EUR 61.260 Leonteq Securities A 14.00012/27/2022 CHF 60.940 BNP Paribas Emission 3.000 6/23/2022 EUR 69.200 Leonteq Securities A 27.30011/22/2022 USD 46.530 SG Issuer SA 7.740 7/20/2025 SEK 59.040 Leonteq Securities A 12.000 6/27/2023 CHF 70.130 BNP Paribas Emission 3.000 6/23/2022 EUR 72.070 BNP Paribas Emission 3.000 6/23/2022 EUR 67.840 BNP Paribas Emission 3.000 9/22/2022 EUR 69.580 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 70.340 Leonteq Securities A 13.00012/27/2022 USD 80.370 BNP Paribas Emission 3.000 6/23/2022 EUR 66.530 Corner Banca SA 14.000 3/27/2023 CHF 71.950 BNP Paribas Emission 3.000 9/22/2022 EUR 67.040 BNP Paribas Emission 3.00012/22/2022 EUR 70.150 BNP Paribas Emission 4.00012/22/2022 EUR 68.500 DZ Bank AG Deutsche 8.25012/21/2022 EUR 72.960 DZ Bank AG Deutsche 5.25012/21/2022 EUR 68.140 DZ Bank AG Deutsche 8.25012/21/2022 EUR 69.960 DZ Bank AG Deutsche 9.000 6/22/2022 EUR 73.480 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 73.020 DZ Bank AG Deutsche 8.500 6/22/2022 EUR 69.020 DZ Bank AG Deutsche 6.750 9/21/2022 EUR 70.340 DZ Bank AG Deutsche 6.25012/21/2022 EUR 71.100 DZ Bank AG Deutsche 12.25012/21/2022 EUR 60.910 Raiffeisen Schweiz G 17.50012/27/2022 CHF 67.760 Credit Suisse AG/Lon 20.00012/21/2022 USD 63.890 Bank Vontobel AG 20.00012/27/2022 CHF 67.500 Bank Vontobel AG 9.50012/27/2023 CHF 59.600 Bank Vontobel AG 18.75012/27/2022 CHF 60.400 Bank Vontobel AG 25.00012/27/2022 CHF 71.900 Raiffeisen Switzerla 15.00012/27/2022 CHF 59.320 Raiffeisen Switzerla 9.000 6/27/2023 USD 74.310 DZ Bank AG Deutsche 4.500 9/21/2022 EUR 64.420 BNP Paribas Emission 3.000 9/22/2022 EUR 72.260 BNP Paribas Emission 3.00012/22/2022 EUR 72.670 DZ Bank AG Deutsche 8.50012/21/2022 EUR 74.090 Zurcher Kantonalbank 10.50011/16/2022 CHF 75.240 Leonteq Securities A 17.00010/25/2022 USD 63.550 Leonteq Securities A 10.000 4/25/2023 CHF 76.010 Bank Julius Baer & C 10.25012/29/2022 CHF 63.100 Vontobel Financial P 8.50012/23/2022 EUR 69.240 Credit Suisse AG/Lon 7.37012/28/2022 USD 9.730 Vontobel Financial P 10.00012/23/2022 EUR 66.670 Vontobel Financial P 9.00012/23/2022 EUR 72.850 Zurcher Kantonalbank 19.00011/15/2022 CHF 57.240 Zurcher Kantonalbank 20.00011/15/2022 USD 57.640 Vontobel Financial P 14.50012/23/2022 EUR 74.890 Vontobel Financial P 10.50012/23/2022 EUR 74.030 Vontobel Financial P 9.50012/23/2022 EUR 67.240 Zurcher Kantonalbank 6.40011/16/2022 USD 73.780 Landesbank Baden-Wue 2.700 9/22/2023 EUR 70.610 Raiffeisen Schweiz G 12.000 6/29/2022 CHF 67.110 Raiffeisen Schweiz G 13.000 6/29/2022 CHF 64.050 Raiffeisen Schweiz G 20.000 6/29/2022 CHF 42.230 EFG International Fi 11.780 07/11/2022 USD 76.430 DZ Bank AG Deutsche 10.750 9/21/2022 EUR 70.910 DZ Bank AG Deutsche 8.000 3/23/2022 EUR 63.080 DZ Bank AG Deutsche 7.250 6/22/2022 EUR 66.360 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 67.130 DZ Bank AG Deutsche 4.750 9/21/2022 EUR 74.130 DZ Bank AG Deutsche 6.750 9/21/2022 EUR 62.440 DZ Bank AG Deutsche 9.000 9/21/2022 EUR 63.570 DZ Bank AG Deutsche 11.000 9/21/2022 EUR 64.570 DZ Bank AG Deutsche 7.250 9/21/2022 EUR 64.220 DZ Bank AG Deutsche 5.750 6/22/2022 EUR 73.600 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 74.150 DZ Bank AG Deutsche 7.250 6/22/2022 EUR 62.960 DZ Bank AG Deutsche 4.250 9/21/2022 EUR 61.780 DZ Bank AG Deutsche 6.000 9/21/2022 EUR 75.710 DZ Bank AG Deutsche 6.500 9/21/2022 EUR 73.580 DZ Bank AG Deutsche 6.000 6/22/2022 EUR 69.740 DZ Bank AG Deutsche 8.750 9/21/2022 EUR 68.810 DZ Bank AG Deutsche 6.500 9/21/2022 EUR 68.160 DZ Bank AG Deutsche 4.250 9/21/2022 EUR 65.220 DZ Bank AG Deutsche 5.250 6/22/2022 EUR 68.830 DZ Bank AG Deutsche 6.000 9/21/2022 EUR 64.360 DZ Bank AG Deutsche 7.000 3/23/2022 EUR 71.780 DZ Bank AG Deutsche 6.000 6/22/2022 EUR 71.650 DZ Bank AG Deutsche 5.000 9/21/2022 EUR 72.140 Vontobel Financial P 4.150 7/18/2023 EUR 70.010 Vontobel Financial P 9.40012/30/2022 CHF 38.120 Erste Group Bank AG 10.750 08/02/2022 EUR 56.900 Erste Group Bank AG 4.500 08/02/2025 EUR 73.650 Leonteq Securities A 20.000 6/29/2022 CHF 42.930 Zurcher Kantonalbank 7.000 01/09/2023 CHF 71.580 UniCredit Bank AG 9.250 7/27/2022 EUR 71.510 Zurcher Kantonalbank 15.750 07/08/2022 USD 52.050 Bank Vontobel AG 6.500 6/26/2023 CHF 70.500 Bank Vontobel AG 8.00512/27/2022 CHF 73.100 Bank Vontobel AG 7.00012/27/2022 CHF 57.600 Landesbank Baden-Wue 4.150 6/23/2023 EUR 51.620 Landesbank Baden-Wue 3.800 6/23/2023 EUR 52.100 Landesbank Baden-Wue 2.600 6/23/2023 EUR 55.060 Landesbank Baden-Wue 4.500 6/23/2023 EUR 69.130 Landesbank Baden-Wue 3.350 6/23/2023 EUR 71.070 Landesbank Baden-Wue 5.350 6/23/2023 EUR 66.570 Landesbank Baden-Wue 5.000 6/23/2023 EUR 49.850 Landesbank Baden-Wue 5.600 6/23/2023 EUR 52.730 Bank Julius Baer & C 5.80010/26/2022 CHF 58.000 DZ Bank AG Deutsche 10.50012/21/2022 EUR 74.140 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 66.830 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 70.740 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 73.070 DZ Bank AG Deutsche 11.00012/21/2022 EUR 66.160 Bank Julius Baer & C 14.50010/26/2022 EUR 74.450 Leonteq Securities A 15.00010/26/2022 USD 74.850 Leonteq Securities A 20.40010/26/2022 CHF 48.480 Leonteq Securities A 22.20010/26/2022 CHF 72.730 Raiffeisen Schweiz G 18.00010/25/2022 CHF 64.920 Raiffeisen Schweiz G 8.000 7/25/2023 CHF 73.850 Raiffeisen Schweiz G 10.000 4/25/2023 CHF 63.480 Bank Julius Baer & C 22.500 4/27/2022 USD 65.100 Vontobel Financial P 9.25012/23/2022 EUR 69.980 DZ Bank AG Deutsche 12.200 6/24/2022 EUR 70.750 DZ Bank AG Deutsche 15.300 6/24/2022 EUR 68.240 DZ Bank AG Deutsche 10.500 9/23/2022 EUR 72.540 DZ Bank AG Deutsche 12.800 9/23/2022 EUR 70.600 DZ Bank AG Deutsche 12.20010/28/2022 EUR 71.900 DZ Bank AG Deutsche 11.30012/23/2022 EUR 72.200 DZ Bank AG Deutsche 16.600 9/23/2022 EUR 46.190 DZ Bank AG Deutsche 18.80010/28/2022 EUR 45.950 DZ Bank AG Deutsche 14.80012/23/2022 EUR 48.670 DZ Bank AG Deutsche 17.30012/23/2022 EUR 47.580 Vontobel Financial P 8.25012/23/2022 EUR 74.480 EFG International Fi 16.00010/27/2022 CHF 58.700 Erste Group Bank AG 5.500 08/02/2025 EUR 66.150 Zurcher Kantonalbank 8.000 07/07/2022 EUR 72.600 UniCredit Bank AG 10.100 7/27/2022 EUR 45.500 UniCredit Bank AG 9.800 7/27/2022 EUR 58.550 Zurcher Kantonalbank 8.250 07/07/2022 CHF 72.760 Bank Vontobel AG 6.502 6/26/2023 CHF 69.700 Bank Vontobel AG 8.00512/27/2022 CHF 73.600 Bank Vontobel AG 5.750 6/26/2023 CHF 72.600 Zurcher Kantonalbank 10.400 07/08/2022 CHF 67.050 Landesbank Baden-Wue 2.800 6/23/2023 EUR 53.890 Landesbank Baden-Wue 4.650 6/23/2023 EUR 67.990 Landesbank Baden-Wue 3.400 6/23/2023 EUR 71.320 Landesbank Baden-Wue 1.800 6/23/2023 EUR 77.200 EFG International Fi 17.000 6/30/2022 CHF 45.390 EFG International Fi 10.010 6/30/2022 EUR 43.040 UBS AG/London 9.900 07/01/2024 EUR 65.440 Raiffeisen Centroban 11.750 08/04/2023 EUR 57.730 Bank Vontobel AG 18.000 8/29/2022 USD 55.800 Bank Vontobel AG 15.000 8/29/2022 USD 51.200 Credit Suisse AG/Lon 12.00010/18/2022 EUR 41.520 Credit Suisse AG/Lon 8.00010/25/2022 USD 77.090 UBS AG/London 10.50010/13/2022 CHF 74.750 UBS AG/London 14.750 4/14/2023 USD 63.650 UBS AG/London 13.250 4/14/2023 USD 55.400 Leonteq Securities A 15.000 4/21/2023 CHF 73.470 Leonteq Securities A 10.000 4/18/2023 USD 70.520 Zurcher Kantonalbank 23.00010/20/2022 CHF 63.560 Zurcher Kantonalbank 10.00010/25/2022 CHF 61.190 Zurcher Kantonalbank 26.80010/25/2022 CHF 65.550 UBS AG/London 10.00012/30/2022 CHF 53.900 UBS AG/London 13.000 10/06/2022 CHF 52.650 UBS AG/London 13.250 04/06/2023 USD 72.600 UBS AG/London 15.750 2/27/2023 CHF 56.600 Credit Suisse AG/Lon 12.250 7/28/2022 CHF 46.950 Credit Suisse AG/Lon 8.00010/28/2022 CHF 65.170 UBS AG/London 9.250 3/29/2023 USD 75.750 UBS AG/London 21.50011/25/2022 USD 73.750 Bank Vontobel AG 9.000 03/06/2023 CHF 66.900 Bank Vontobel AG 12.000 09/05/2022 EUR 51.800 Credit Suisse AG/Lon 16.000 08/05/2022 USD 40.920 Leonteq Securities A 17.000 1/18/2023 CHF 57.600 UBS AG/London 15.000 4/14/2023 USD 77.600 Corner Banca SA 16.000 1/24/2023 CHF 76.710 UBS AG/London 13.750 10/06/2023 USD 60.900 UBS AG/London 9.250 2/27/2023 CHF 47.200 UBS AG/London 11.000 2/27/2023 CHF 72.800 Credit Suisse AG/Lon 10.000 08/03/2022 EUR 35.370 Credit Suisse AG/Lon 9.500 08/03/2022 CHF 43.830 UBS AG/London 15.00011/25/2022 USD 73.850 Bank Vontobel AG 10.000 1/23/2023 CHF 46.000 UBS AG/London 18.750 02/06/2023 CHF 61.000 Bank Vontobel AG 11.000 12/05/2022 CHF 67.300 Credit Suisse AG/Lon 12.25010/24/2022 CHF 56.030 Credit Suisse AG/Lon 11.10010/13/2022 CHF 60.690 Vontobel Financial P 8.000 3/24/2023 EUR 74.810 UBS AG/London 8.000 01/09/2023 CHF 74.650 Credit Suisse AG/Lon 16.000 7/22/2022 USD 28.320 Bank Vontobel AG 14.750 1/16/2023 CHF 49.900 Bank Vontobel AG 8.500 1/23/2023 CHF 44.700 Bank Vontobel AG 25.000 8/25/2022 CHF 56.100 Leonteq Securities A 8.000 05/02/2023 CHF 17.530 Leonteq Securities A 12.000 05/02/2023 USD 62.910 Vontobel Financial P 14.50012/23/2022 EUR 73.280 Credit Suisse AG/Lon 4.550 2/23/2023 USD 9.750 Bank Vontobel AG 16.500 8/29/2022 CHF 43.000 UBS AG/London 8.500 1/30/2023 CHF 48.800 UBS AG/London 8.000 7/28/2023 CHF 68.300 Vontobel Financial P 15.00012/23/2022 EUR 71.270 Bank Vontobel AG 20.50011/21/2022 CHF 57.600 Bank Vontobel AG 20.00011/21/2022 CHF 61.100 Bank Vontobel AG 8.000 5/22/2023 CHF 68.300 Bank Vontobel AG 10.00011/21/2022 CHF 55.300 Bank Vontobel AG 18.00011/21/2022 USD 59.400 Bank Vontobel AG 10.750 5/22/2023 CHF 64.600 Bank Vontobel AG 12.000 2/20/2023 CHF 73.600 Bank Vontobel AG 14.000 5/22/2023 CHF 69.200 Bank Vontobel AG 10.000 1/23/2023 EUR 75.200 Bank Vontobel AG 15.00010/24/2022 CHF 58.700 Vontobel Financial P 10.50012/23/2022 EUR 70.090 Bank Vontobel AG 6.000 8/28/2023 CHF 68.700 Bank Vontobel AG 18.000 2/28/2023 CHF 54.700 Bank Vontobel AG 5.50011/28/2022 EUR 56.400 UBS AG/London 10.250 07/07/2022 EUR 45.800 UBS AG/London 8.750 1/16/2023 CHF 61.750 UBS AG/London 17.000 1/17/2023 USD 77.150 Bank Vontobel AG 12.250 12/05/2022 USD 66.900 Credit Suisse AG/Lon 5.20011/27/2023 USD 9.380 UBS AG/London 17.500 7/28/2022 CHF 48.700 Zurcher Kantonalbank 9.50010/20/2022 CHF 62.020 Credit Suisse AG/Lon 10.250 11/09/2022 USD 35.980 Credit Suisse AG/Lon 11.250 8/15/2022 EUR 58.160 Vontobel Financial P 8.50012/23/2022 EUR 68.520 Vontobel Financial P 12.000 3/24/2023 EUR 71.480 Vontobel Financial P 17.50012/23/2022 EUR 73.230 Vontobel Financial P 14.500 3/24/2023 EUR 74.080 Vontobel Financial P 15.000 3/24/2023 EUR 74.600 UBS AG/London 20.250 7/28/2022 USD 32.600 Leonteq Securities A 10.000 02/01/2023 CHF 38.920 Vontobel Financial P 12.500 3/24/2023 EUR 74.520 UBS AG/London 9.250 1/30/2023 USD 46.450 Leonteq Securities A 25.00011/29/2022 CHF 65.260 Leonteq Securities A 10.800 5/26/2023 EUR 66.560 Leonteq Securities A 17.600 5/30/2023 USD 67.500 Leonteq Securities A 10.00011/29/2023 EUR 73.820 Leonteq Securities A 8.000 03/01/2023 CHF 75.520 Leonteq Securities A 10.00011/29/2022 CHF 69.740 Raiffeisen Schweiz G 9.000 2/28/2023 CHF 66.230 Bank Vontobel AG 6.500 2/20/2023 CHF 45.600 Bank Vontobel AG 9.00011/20/2023 EUR 73.600 Bank Vontobel AG 8.00011/27/2023 EUR 61.500 Bank Vontobel AG 7.250 2/27/2023 CHF 74.800 Bank Vontobel AG 24.00011/28/2022 CHF 60.600 Bank Vontobel AG 18.250 5/26/2023 EUR 47.400 SG Issuer SA 7.600 1/20/2025 SEK 51.360 UBS AG/London 9.750 4/27/2023 USD 66.600 UBS AG/London 11.75010/27/2022 CHF 75.800 DZ Bank AG Deutsche 5.250 3/20/2023 EUR 73.410 Zurcher Kantonalbank 19.00010/26/2022 CHF 59.910 Landesbank Baden-Wue 9.25010/27/2023 EUR 76.270 Bank Vontobel AG 19.00010/31/2022 EUR 48.900 DZ Bank AG Deutsche 6.750 6/19/2023 EUR 72.510 Vontobel Financial P 17.75012/23/2022 EUR 55.740 Societe Generale Eff 12.75011/25/2022 EUR 45.530 Societe Generale Eff 18.000 7/22/2022 EUR 40.870 Leonteq Securities A 17.00011/22/2022 USD 55.850 Leonteq Securities A 13.000 2/22/2023 CHF 54.550 Zurcher Kantonalbank 16.00011/18/2022 CHF 67.590 Leonteq Securities A 18.50011/29/2022 CHF 65.150 Leonteq Securities A 10.800 5/26/2023 CHF 71.040 Leonteq Securities A 10.800 5/26/2023 EUR 70.510 Corner Banca SA 13.20011/29/2022 CHF 70.790 Leonteq Securities A 12.80011/29/2022 CHF 57.940 Corner Banca SA 11.00011/29/2022 CHF 46.650 Corner Banca SA 12.00011/29/2022 USD 60.550 Leonteq Securities A 10.00011/29/2022 CHF 67.360 Leonteq Securities A 11.000 5/30/2023 USD 70.990 UBS AG/London 7.640 4/20/2026 SEK 69.880 EFG International Fi 18.000 1/26/2023 USD 78.380 DZ Bank AG Deutsche 5.250 3/22/2023 EUR 70.400 DZ Bank AG Deutsche 5.750 3/22/2023 EUR 69.780 DZ Bank AG Deutsche 6.50012/21/2022 EUR 74.930 DZ Bank AG Deutsche 8.000 9/21/2022 EUR 74.680 DZ Bank AG Deutsche 6.00012/21/2022 EUR 72.280 DZ Bank AG Deutsche 8.750 9/21/2022 EUR 74.260 DZ Bank AG Deutsche 8.25012/21/2022 EUR 73.450 DZ Bank AG Deutsche 5.25012/21/2022 EUR 74.480 DZ Bank AG Deutsche 5.25012/21/2022 EUR 68.820 DZ Bank AG Deutsche 5.750 3/22/2023 EUR 72.460 DZ Bank AG Deutsche 9.250 3/22/2023 EUR 71.290 Sberbank of Russia P 0.010 7/24/2025 RUB 64.400 Landesbank Baden-Wue 3.500 8/26/2022 EUR 32.560 Landesbank Baden-Wue 5.450 8/26/2022 EUR 28.500 EFG International Fi 8.000 7/22/2022 CHF 60.900 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 71.900 DZ Bank AG Deutsche 6.00012/21/2022 EUR 68.680 DZ Bank AG Deutsche 8.50012/21/2022 EUR 73.630 DZ Bank AG Deutsche 12.250 9/21/2022 EUR 72.810 DZ Bank AG Deutsche 5.25012/21/2022 EUR 69.490 Sberbank of Russia P 0.010 7/23/2025 RUB 70.510 DVM Construction Fov 3.000 7/29/2030 HUF 69.200 Credit Suisse AG/Lon 15.250 1/20/2023 USD 70.820 DZ Bank AG Deutsche 4.25012/21/2022 EUR 73.520 Vontobel Financial P 17.50012/23/2022 EUR 76.240 Vontobel Financial P 14.50012/23/2022 EUR 72.450 Vontobel Financial P 16.50012/23/2022 EUR 71.510 Credit Suisse AG/Lon 8.500 2/14/2023 EUR 73.280 Zurcher Kantonalbank 10.000 1/20/2023 EUR 73.800 UBS AG/London 6.380 06/07/2023 USD 9.800 DekaBank Deutsche Gi 4.250 05/03/2022 EUR 41.340 Deutsche Bank AG/Lon 2.200 4/14/2023 EUR 74.970 Raiffeisen Switzerla 11.500 05/10/2022 CHF 64.640 Vontobel Financial P 18.500 3/25/2022 EUR 71.720 Vontobel Financial P 19.500 3/25/2022 EUR 71.760 Vontobel Financial P 13.500 3/25/2022 EUR 73.830 Vontobel Financial P 14.500 6/24/2022 EUR 70.760 Vontobel Financial P 16.000 3/25/2022 EUR 69.890 Vontobel Financial P 11.500 6/24/2022 EUR 69.890 SG Issuer SA 8.700 1/20/2025 SEK 52.460 UniCredit Bank AG 3.100 5/28/2023 EUR 72.820 Bank Vontobel AG 9.00012/18/2023 CHF 54.900 Bank Vontobel AG 7.500 6/19/2023 CHF 71.300 Corner Banca SA 13.000 3/17/2023 CHF 71.120 Leonteq Securities A 14.000 3/17/2023 CHF 51.880 Leonteq Securities A 22.80012/16/2022 CHF 66.710 Raiffeisen Schweiz G 12.50012/20/2022 CHF 53.100 Raiffeisen Switzerla 10.00012/20/2022 CHF 69.180 Bank Vontobel AG 11.000 6/19/2023 CHF 71.400 Bank Vontobel AG 14.00012/19/2022 CHF 71.800 Raiffeisen Switzerla 18.20012/20/2022 CHF 70.410 Bank Vontobel AG 17.25012/19/2022 CHF 72.900 Bank Vontobel AG 10.25012/19/2022 CHF 49.700 Bank Vontobel AG 13.00012/19/2022 EUR 49.300 Societe Generale Eff 16.250 9/23/2022 EUR 67.310 Societe Generale Eff 18.250 9/23/2022 EUR 65.760 Societe Generale Eff 14.75012/23/2022 EUR 68.160 Societe Generale Eff 18.75012/23/2022 EUR 65.560 Societe Generale Eff 11.750 8/26/2022 EUR 73.610 Societe Generale Eff 17.750 8/26/2022 EUR 66.310 Societe Generale Eff 10.250 9/23/2022 EUR 74.850 UBS AG/London 17.500 07/12/2023 USD 72.500 Leonteq Securities A 17.00012/20/2022 CHF 70.170 Leonteq Securities A 14.000 3/17/2023 USD 69.990 Raiffeisen Switzerla 7.800 6/20/2023 CHF 75.300 Societe Generale Eff 14.75011/25/2022 EUR 44.600 Societe Generale Eff 8.50011/25/2022 EUR 73.100 Societe Generale Eff 8.75011/25/2022 EUR 71.450 Zurcher Kantonalbank 30.000 1/18/2023 USD 65.930 Zurcher Kantonalbank 10.000 7/18/2022 CHF 70.510 Banque Cantonale Vau 21.150 8/22/2022 CHF 45.560 Societe Generale Eff 11.75010/28/2022 EUR 58.200 Skandinaviska Enskil 8.200 1/15/2024 SEK 76.830 DZ Bank AG Deutsche 6.250 3/22/2023 EUR 68.120 DZ Bank AG Deutsche 8.250 3/22/2023 EUR 71.430 DZ Bank AG Deutsche 5.250 3/22/2023 EUR 68.550 DZ Bank AG Deutsche 8.750 6/22/2022 EUR 66.980 DZ Bank AG Deutsche 5.750 9/21/2022 EUR 66.160 DZ Bank AG Deutsche 8.500 9/21/2022 EUR 68.610 DZ Bank AG Deutsche 8.250 3/22/2023 EUR 72.070 DZ Bank AG Deutsche 18.100 3/24/2023 EUR 68.190 Societe Generale Eff 22.250 9/23/2022 EUR 62.670 Societe Generale Eff 10.50010/28/2022 EUR 72.900 Societe Generale Eff 12.50010/28/2022 EUR 70.160 Societe Generale Eff 14.50010/28/2022 EUR 67.850 Societe Generale Eff 16.50010/28/2022 EUR 66.070 Societe Generale Eff 20.50010/28/2022 EUR 63.600 Societe Generale Eff 15.50011/25/2022 EUR 66.820 DZ Bank AG Deutsche 21.700 9/23/2022 EUR 65.500 DZ Bank AG Deutsche 24.600 9/23/2022 EUR 63.910 Leonteq Securities A 25.80012/16/2022 CHF 52.440 Bank Vontobel AG 8.000 06/12/2023 EUR 72.400 Vontobel Financial P 9.50012/23/2022 EUR 75.540 Vontobel Financial P 17.50012/23/2022 EUR 71.090 Vontobel Financial P 10.50012/23/2022 EUR 74.840 Vontobel Financial P 13.50012/23/2022 EUR 72.990 Vontobel Financial P 11.50012/23/2022 EUR 74.180 Vontobel Financial P 24.00012/23/2022 EUR 81.920 Vontobel Financial P 10.00012/23/2022 EUR 75.000 Vontobel Financial P 6.00012/23/2022 EUR 60.990 Leonteq Securities A 15.000 01/10/2023 CHF 56.120 Leonteq Securities A 20.000 01/10/2023 CHF 64.560 Societe Generale Eff 23.750 7/22/2022 EUR 53.010 Societe Generale Eff 20.500 9/23/2022 EUR 55.080 Bank Julius Baer & C 8.450 8/15/2022 USD 80.000 Vontobel Financial P 24.50012/23/2022 EUR 56.070 Vontobel Financial P 15.50012/23/2022 EUR 71.960 Vontobel Financial P 19.50012/23/2022 EUR 70.380 Vontobel Financial P 12.50012/23/2022 EUR 73.570 Vontobel Financial P 6.50012/23/2022 EUR 61.380 Sberbank of Russia P 0.010 08/12/2025 RUB 73.100 Raiffeisen Switzerla 9.000 07/06/2023 USD 72.240 Societe Generale Eff 21.750 8/26/2022 EUR 54.230 Societe Generale Eff 8.50010/28/2022 EUR 76.250 Societe Generale Eff 18.50010/28/2022 EUR 64.690 Societe Generale Eff 7.50011/25/2022 EUR 77.950 Societe Generale Eff 9.50011/25/2022 EUR 74.300 Societe Generale Eff 11.50011/25/2022 EUR 71.280 Societe Generale Eff 13.50011/25/2022 EUR 68.730 Societe Generale Eff 17.50011/25/2022 EUR 65.330 Societe Generale Eff 19.50011/25/2022 EUR 64.180 DZ Bank AG Deutsche 18.50012/23/2022 EUR 67.410 DZ Bank AG Deutsche 20.60012/23/2022 EUR 66.430 DZ Bank AG Deutsche 19.400 1/27/2023 EUR 67.010 DZ Bank AG Deutsche 21.300 1/27/2023 EUR 66.290 DZ Bank AG Deutsche 16.500 3/24/2023 EUR 68.990 Raiffeisen Switzerla 20.000 01/06/2023 CHF 76.980 Landesbank Baden-Wue 5.60010/27/2023 EUR 74.230 Landesbank Baden-Wue 5.25010/27/2023 EUR 56.790 Bank Vontobel AG 16.50010/31/2022 CHF 58.100 Bank Vontobel AG 16.00010/31/2022 CHF 73.200 UBS AG/London 11.50010/27/2022 EUR 43.750 DZ Bank AG Deutsche 7.000 3/20/2023 EUR 74.240 DZ Bank AG Deutsche 4.750 6/19/2023 EUR 74.430 UBS AG/London 9.500 4/27/2023 USD 66.800 Zurcher Kantonalbank 20.00010/26/2022 USD 59.840 DZ Bank AG Deutsche 5.500 6/19/2023 EUR 72.500 Zurcher Kantonalbank 12.00010/26/2022 USD 67.300 DekaBank Deutsche Gi 3.100 04/08/2022 EUR 48.560 DekaBank Deutsche Gi 3.300 04/08/2022 EUR 47.760 Landesbank Baden-Wue 3.150 6/24/2022 EUR 70.390 Landesbank Baden-Wue 2.500 6/24/2022 EUR 64.240 UniCredit Bank AG 5.150 4/24/2023 EUR 67.870 Landesbank Baden-Wue 2.750 9/23/2022 EUR 62.880 UniCredit Bank AG 6.900 3/16/2022 EUR 63.910 UniCredit Bank AG 9.100 3/16/2022 EUR 64.800 UniCredit Bank AG 13.200 3/16/2022 EUR 40.230 UBS AG/London 14.750 2/17/2023 CHF 39.450 Vontobel Financial P 4.800 06/01/2022 EUR 72.610 Leonteq Securities A 13.400 5/18/2022 CHF 63.810 Leonteq Securities A 14.000 5/19/2022 CHF 40.830 Bank Vontobel AG 10.506 8/19/2022 EUR 62.400 Bank Vontobel AG 7.756 8/19/2022 CHF 62.600 Bank Vontobel AG 10.508 8/19/2022 CHF 44.400 Bank Vontobel AG 10.507 8/19/2022 CHF 44.400 Bank Vontobel AG 12.008 8/19/2022 CHF 42.700 Leonteq Securities A 15.000 8/19/2022 CHF 72.260 Leonteq Securities A 15.000 5/19/2022 CHF 29.840 Leonteq Securities A 12.400 8/19/2022 EUR 66.160 Leonteq Securities A 11.400 5/19/2022 CHF 61.780 Corner Banca SA 19.000 5/23/2022 USD 30.490 Leonteq Securities A 16.000 5/19/2022 CHF 63.360 Leonteq Securities A 19.000 5/23/2022 USD 65.000 Leonteq Securities A 10.000 5/19/2022 CHF 46.040 Leonteq Securities A 5.700 8/19/2022 USD 64.030 DZ Bank AG Deutsche 5.000 6/22/2022 EUR 70.370 DZ Bank AG Deutsche 5.250 3/23/2022 EUR 74.300 DZ Bank AG Deutsche 6.750 3/23/2022 EUR 61.390 DZ Bank AG Deutsche 8.000 3/23/2022 EUR 67.700 DZ Bank AG Deutsche 8.750 3/23/2022 EUR 67.710 EFG International Fi 4.500 2/26/2024 USD 56.340 Vontobel Financial P 11.500 3/25/2022 EUR 73.740 Vontobel Financial P 10.000 3/25/2022 EUR 74.390 Vontobel Financial P 16.000 3/25/2022 EUR 71.620 Vontobel Financial P 17.500 3/25/2022 EUR 71.680 Vontobel Financial P 18.500 3/25/2022 EUR 71.720 Vontobel Financial P 19.000 3/25/2022 EUR 71.740 UniCredit Bank AG 10.100 3/23/2022 EUR 65.740 Vontobel Financial P 11.500 3/25/2022 EUR 62.450 Landesbank Baden-Wue 3.000 6/24/2022 EUR 67.030 Raiffeisen Switzerla 7.000 8/19/2022 CHF 63.990 Raiffeisen Switzerla 7.700 8/19/2022 CHF 69.640 Raiffeisen Switzerla 13.000 5/19/2022 CHF 63.130 BNP Paribas Emission 8.000 9/22/2022 EUR 61.730 Societe Generale Eff 4.000 7/22/2022 EUR 55.500 BNP Paribas Emission 6.000 6/23/2022 EUR 66.520 BNP Paribas Emission 6.000 9/22/2022 EUR 67.500 Bank Vontobel AG 20.004 08/10/2022 CHF 72.400 UBS AG/London 11.000 8/24/2022 CHF 45.900 Credit Suisse AG/Lon 7.250 5/18/2022 CHF 66.640 Credit Suisse AG/Lon 8.100 8/23/2022 CHF 62.860 Vontobel Financial P 14.250 6/24/2022 EUR 55.830 Vontobel Financial P 8.000 6/24/2022 EUR 65.870 Leonteq Securities A 10.000 2/13/2023 USD 75.800 Leonteq Securities A 16.00011/16/2022 CHF 64.610 Leonteq Securities A 12.00011/16/2022 CHF 48.700 Bank Vontobel AG 6.500 2/13/2023 CHF 69.900 Bank Vontobel AG 10.000 8/15/2022 CHF 68.400 Bank Vontobel AG 14.500 2/13/2023 EUR 62.000 Bank Julius Baer & C 19.600 5/16/2022 CHF 44.100 Societe Generale Eff 3.500 8/26/2022 EUR 58.240 Bank Vontobel AG 7.756 2/13/2023 CHF 74.700 Bank Vontobel AG 7.508 05/12/2022 CHF 69.700 Leonteq Securities A 9.000 8/26/2022 CHF 64.330 Zurcher Kantonalbank 21.500 8/23/2022 USD 51.600 Zurcher Kantonalbank 20.500 8/23/2022 CHF 61.930 Vontobel Financial P 10.50012/23/2022 EUR 71.450 Vontobel Financial P 8.50012/23/2022 EUR 72.870 Vontobel Financial P 11.00012/23/2022 EUR 62.280 Vontobel Financial P 5.50012/23/2022 EUR 72.320 Vontobel Financial P 7.00012/23/2022 EUR 65.250 Vontobel Financial P 11.00012/23/2022 EUR 74.890 Vontobel Financial P 8.50012/23/2022 EUR 66.010 Vontobel Financial P 4.50012/23/2022 EUR 60.360 Vontobel Financial P 5.50012/23/2022 EUR 69.170 Vontobel Financial P 7.00012/23/2022 EUR 70.300 Vontobel Financial P 13.00012/23/2022 EUR 74.830 Bank Julius Baer & C 9.90010/21/2022 USD 57.100 Vontobel Financial P 6.50012/23/2022 EUR 75.420 Vontobel Financial P 10.50012/23/2022 EUR 70.930 Vontobel Financial P 15.50012/23/2022 EUR 68.340 Vontobel Financial P 12.00012/23/2022 EUR 52.340 Vontobel Financial P 8.50012/23/2022 EUR 69.430 Vontobel Financial P 7.50012/23/2022 EUR 75.510 Vontobel Financial P 10.00012/23/2022 EUR 73.040 Vontobel Financial P 14.00012/23/2022 EUR 69.610 Vontobel Financial P 16.50012/23/2022 EUR 68.110 Vontobel Financial P 15.50012/23/2022 EUR 68.440 Leonteq Securities A 10.000 1/18/2023 USD 68.090 Leonteq Securities A 12.000 1/18/2023 CHF 66.340 Leonteq Securities A 8.000 4/19/2023 CHF 73.220 Raiffeisen Centroban 10.429 3/22/2023 EUR 67.010 Raiffeisen Centroban 11.819 3/22/2023 EUR 67.150 Raiffeisen Centroban 7.648 3/22/2023 EUR 64.330 Raiffeisen Centroban 9.038 3/22/2023 EUR 64.450 Raiffeisen Centroban 10.429 3/22/2023 EUR 64.660 Leonteq Securities A 11.00010/18/2022 CHF 46.620 Goldman Sachs & Co W 10.00011/23/2022 EUR 74.670 Leonteq Securities A 21.60010/18/2022 CHF 50.230 Leonteq Securities A 30.00010/18/2022 CHF 70.590 DZ Bank AG Deutsche 10.750 6/22/2022 EUR 67.490 DZ Bank AG Deutsche 10.750 9/21/2022 EUR 63.590 DZ Bank AG Deutsche 7.500 3/23/2022 EUR 73.690 DZ Bank AG Deutsche 4.250 6/22/2022 EUR 74.140 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 71.430 DZ Bank AG Deutsche 8.750 9/21/2022 EUR 73.210 DZ Bank AG Deutsche 9.250 3/23/2022 EUR 68.660 Raiffeisen Schweiz G 18.00010/19/2022 CHF 65.690 Raiffeisen Schweiz G 13.00010/18/2022 CHF 48.800 Raiffeisen Schweiz G 20.00010/19/2022 CHF 48.450 Leonteq Securities A 24.24010/19/2022 CHF 57.650 UniCredit Bank AG 9.25011/16/2022 EUR 50.630 UniCredit Bank AG 6.55011/16/2022 EUR 71.750 UniCredit Bank AG 6.80011/16/2022 EUR 62.960 UniCredit Bank AG 5.05011/16/2022 EUR 66.870 UniCredit Bank AG 7.55011/17/2022 EUR 61.720 Bank Julius Baer & C 10.400 1/24/2023 USD 67.350 Bank Julius Baer & C 10.200 5/30/2023 EUR 11.600 Vontobel Financial P 8.50012/23/2022 EUR 74.860 Vontobel Financial P 13.00012/23/2022 EUR 52.190 Vontobel Financial P 10.75012/23/2022 EUR 64.800 Vontobel Financial P 18.50012/23/2022 EUR 68.680 Vontobel Financial P 6.500 3/25/2022 EUR 53.520 Vontobel Financial P 5.500 3/25/2022 EUR 53.480 Vontobel Financial P 15.500 3/25/2022 EUR 64.320 Leonteq Securities A 27.000 11/04/2022 CHF 67.610 UBS AG/London 9.250 03/10/2023 CHF 64.750 UBS AG/London 10.750 09/12/2022 CHF 61.250 UBS AG/London 16.500 09/12/2022 CHF 65.950 Raiffeisen Switzerla 8.500 09/08/2022 CHF 60.860 Goldman Sachs & Co W 15.000 4/21/2022 EUR 73.040 Goldman Sachs & Co W 19.000 4/21/2022 EUR 68.120 Goldman Sachs & Co W 15.000 6/22/2022 EUR 72.050 Goldman Sachs & Co W 19.000 6/22/2022 EUR 68.090 Goldman Sachs & Co W 12.000 3/22/2023 EUR 72.030 Vontobel Financial P 17.750 3/25/2022 EUR 32.720 Goldman Sachs & Co W 8.000 4/21/2022 EUR 69.110 Goldman Sachs & Co W 10.000 4/21/2022 EUR 65.350 Goldman Sachs & Co W 13.00012/21/2022 EUR 70.040 Goldman Sachs & Co W 10.000 3/22/2023 EUR 75.330 Goldman Sachs & Co W 7.00012/21/2022 EUR 68.890 Goldman Sachs & Co W 8.00012/21/2022 EUR 69.920 Goldman Sachs & Co W 7.000 3/22/2023 EUR 70.350 Goldman Sachs & Co W 8.000 3/22/2023 EUR 71.530 Goldman Sachs & Co W 15.000 4/21/2022 EUR 68.100 Goldman Sachs & Co W 19.000 4/21/2022 EUR 62.780 Goldman Sachs & Co W 17.000 6/22/2022 EUR 64.700 Goldman Sachs & Co W 15.000 9/21/2022 EUR 67.920 Goldman Sachs & Co W 21.000 4/21/2022 EUR 65.920 Leonteq Securities A 8.000 3/15/2023 CHF 65.500 Zurcher Kantonalbank 8.500 06/10/2022 EUR 53.630 Landesbank Baden-Wue 9.750 3/25/2022 EUR 74.880 Corner Banca SA 11.000 9/15/2022 CHF 53.000 Zurcher Kantonalbank 19.000 3/24/2022 CHF 58.450 Zurcher Kantonalbank 10.500 3/24/2022 CHF 64.410 Zurcher Kantonalbank 15.000 3/24/2022 USD 49.220 Vontobel Financial P 10.00012/23/2022 EUR 54.520 Vontobel Financial P 17.00012/23/2022 EUR 48.910 Vontobel Financial P 6.00012/23/2022 EUR 56.300 Vontobel Financial P 9.00012/23/2022 EUR 53.980 Vontobel Financial P 6.00012/23/2022 EUR 64.020 Vontobel Financial P 10.00012/23/2022 EUR 74.800 Vontobel Financial P 11.00012/23/2022 EUR 72.480 Vontobel Financial P 15.50012/23/2022 EUR 72.430 Vontobel Financial P 12.50012/23/2022 EUR 74.280 Vontobel Financial P 8.50012/23/2022 EUR 74.780 Vontobel Financial P 9.00012/23/2022 EUR 73.700 Vontobel Financial P 10.50012/23/2022 EUR 72.050 Vontobel Financial P 11.50012/23/2022 EUR 71.470 Vontobel Financial P 13.00012/23/2022 EUR 70.060 Vontobel Financial P 14.50012/23/2022 EUR 68.820 Leonteq Securities A 9.300 8/24/2022 USD 54.120 BNP Paribas Emission 8.000 6/23/2022 EUR 63.290 BNP Paribas Emission 10.000 6/23/2022 EUR 60.450 BNP Paribas Emission 8.000 9/22/2022 EUR 64.960 UBS AG/London 10.250 8/24/2022 CHF 75.900 UBS AG/London 6.500 8/24/2022 CHF 30.700 EFG International Fi 15.000 8/24/2022 CHF 65.570 Vontobel Financial P 6.000 6/24/2022 EUR 72.400 Vontobel Financial P 6.250 6/24/2022 EUR 73.630 Vontobel Financial P 16.250 6/24/2022 EUR 69.370 Vontobel Financial P 20.000 6/24/2022 EUR 46.230 EFG International Fi 8.200 03/01/2023 USD 49.470 Corner Banca SA 10.000 2/13/2023 EUR 51.460 Corner Banca SA 13.000 8/16/2022 CHF 47.270 Leonteq Securities A 14.000 2/13/2023 CHF 59.220 Leonteq Securities A 13.00011/16/2022 USD 68.630 Bank Vontobel AG 10.000 8/15/2022 CHF 68.400 Bank Vontobel AG 9.500 2/13/2023 CHF 77.000 Bank Vontobel AG 7.500 2/13/2023 EUR 68.600 Bank Vontobel AG 6.507 8/17/2022 CHF 60.700 Bank Vontobel AG 6.505 2/27/2023 CHF 63.000 Leonteq Securities A 10.000 06/01/2022 CHF 54.490 Leonteq Securities A 20.000 8/16/2022 CHF 71.010 Leonteq Securities A 26.150 8/16/2022 CHF 43.400 Zurcher Kantonalbank 18.500 8/22/2022 USD 67.580 Zurcher Kantonalbank 17.500 8/22/2022 CHF 76.680 DZ Bank AG Deutsche 7.750 3/23/2022 EUR 65.520 Bank Julius Baer & C 5.750 8/17/2022 CHF 70.700 Zurcher Kantonalbank 12.900 8/17/2022 CHF Vontobel Financial P 9.000 6/24/2022 EUR 72.920 Vontobel Financial P 14.500 6/24/2022 EUR 70.530 Vontobel Financial P 12.500 6/24/2022 EUR 72.680 Vontobel Financial P 9.500 9/23/2022 EUR 63.690 Luzerner Kantonalban 7.600 8/16/2022 CHF 71.530 Zurcher Kantonalbank 15.000 8/25/2022 EUR 55.750 Zurcher Kantonalbank 11.750 8/25/2022 CHF 76.650 Leonteq Securities A 22.160 8/17/2022 CHF 39.320 UniCredit Bank AG 6.450 9/14/2022 EUR 77.900 UniCredit Bank AG 11.600 9/14/2022 EUR 72.980 UniCredit Bank AG 7.450 9/14/2022 EUR 65.620 UniCredit Bank AG 5.800 9/14/2022 EUR 62.020 UniCredit Bank AG 9.950 9/14/2022 EUR 62.700 Raiffeisen Schweiz G 11.000 2/13/2023 CHF 70.680 Raiffeisen Schweiz G 15.00011/16/2022 CHF 42.220 Raiffeisen Schweiz G 10.000 2/13/2023 CHF 67.740 Bank Vontobel AG 8.251 2/13/2023 CHF 73.100 EFG International Fi 10.000 2/20/2023 CHF 67.370 Zurcher Kantonalbank 11.250 8/26/2022 USD 62.460 Zurcher Kantonalbank 15.000 8/24/2022 CHF 46.560 Bank Julius Baer & C 10.500 8/19/2022 CHF 70.000 Vontobel Financial P 6.500 9/23/2022 EUR 75.000 Vontobel Financial P 10.500 9/23/2022 EUR 71.320 Vontobel Financial P 8.500 9/23/2022 EUR 73.070 Vontobel Financial P 12.500 6/24/2022 EUR 69.450 Vontobel Financial P 10.000 6/24/2022 EUR 71.670 Vontobel Financial P 14.500 6/24/2022 EUR 58.740 Vontobel Financial P 13.000 6/24/2022 EUR 59.540 Vontobel Financial P 15.500 6/24/2022 EUR 57.850 Vontobel Financial P 11.000 6/24/2022 EUR 61.560 Bank Julius Baer & C 8.550 8/19/2022 USD 63.250 Bank Julius Baer & C 8.450 8/19/2022 USD 59.400 Bank Julius Baer & C 8.000 8/19/2022 USD 69.800 Bank Julius Baer & C 8.250 8/19/2022 EUR 73.250 EFG International Fi 10.300 8/23/2024 USD 76.730 Leonteq Securities A 27.170 8/19/2022 EUR 46.800 Leonteq Securities A 12.60011/23/2022 CHF 66.280 Vontobel Financial P 9.500 9/23/2022 EUR 68.620 Vontobel Financial P 9.500 6/24/2022 EUR 70.690 Vontobel Financial P 12.500 9/23/2022 EUR 65.160 Vontobel Financial P 16.500 9/23/2022 EUR 62.870 Vontobel Financial P 8.500 6/24/2022 EUR 69.120 Vontobel Financial P 17.500 6/24/2022 EUR 61.190 Vontobel Financial P 13.000 6/24/2022 EUR 64.750 Vontobel Financial P 12.500 6/24/2022 EUR 72.240 Vontobel Financial P 17.000 6/24/2022 EUR 69.000 Vontobel Financial P 11.000 6/24/2022 EUR 73.440 Vontobel Financial P 15.500 6/24/2022 EUR 70.020 Vontobel Financial P 14.000 6/24/2022 EUR 71.100 Vontobel Financial P 18.000 6/24/2022 EUR 67.900 Vontobel Financial P 12.000 9/23/2022 EUR 70.510 Vontobel Financial P 10.000 6/24/2022 EUR 72.470 Vontobel Financial P 13.500 6/24/2022 EUR 69.070 Vontobel Financial P 17.000 6/24/2022 EUR 66.130 Vontobel Financial P 8.000 6/24/2022 EUR 71.190 Vontobel Financial P 9.500 6/24/2022 EUR 69.420 Vontobel Financial P 11.500 6/24/2022 EUR 67.900 Vontobel Financial P 13.000 6/24/2022 EUR 66.370 Vontobel Financial P 15.000 6/24/2022 EUR 65.080 Vontobel Financial P 7.000 9/23/2022 EUR 72.580 Vontobel Financial P 8.500 9/23/2022 EUR 71.220 Vontobel Financial P 6.000 9/23/2022 EUR 74.320 Vontobel Financial P 9.500 9/23/2022 EUR 69.710 Vontobel Financial P 11.000 9/23/2022 EUR 68.570 Vontobel Financial P 13.500 9/23/2022 EUR 66.340 Vontobel Financial P 12.000 9/23/2022 EUR 67.280 Vontobel Financial P 15.000 9/23/2022 EUR 65.480 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 73.260 UBS AG/London 14.000 11/10/2022 CHF 71.800 Vontobel Financial P 14.00012/23/2022 EUR 64.640 Vontobel Financial P 7.50012/23/2022 EUR 68.700 Vontobel Financial P 11.00012/23/2022 EUR 71.350 Raiffeisen Schweiz G 10.000 05/01/2023 USD 66.700 Bank Vontobel AG 7.000 3/31/2023 CHF 74.700 Banque International 10.000 05/04/2023 CHF 77.460 Leonteq Securities A 22.800 11/02/2022 CHF 69.730 Leonteq Securities A 23.400 11/02/2022 CHF 57.640 Banque International 18.000 11/02/2022 EUR 59.350 DZ Bank AG Deutsche 24.900 9/23/2022 EUR 70.570 DZ Bank AG Deutsche 17.000 6/24/2022 EUR 70.510 DZ Bank AG Deutsche 13.300 9/23/2022 EUR 72.080 DZ Bank AG Deutsche 15.700 9/23/2022 EUR 71.480 DZ Bank AG Deutsche 15.800 9/23/2022 EUR 36.510 DZ Bank AG Deutsche 20.200 6/24/2022 EUR 73.600 DZ Bank AG Deutsche 13.000 6/24/2022 EUR 71.900 EFG International Fi 12.000 11/03/2022 CHF 77.760 EFG International Fi 15.000 11/03/2022 CHF 77.990 Vontobel Financial P 9.25012/23/2022 EUR 57.120 UBS AG/London 7.250 05/03/2023 EUR 72.950 UBS AG/London 7.250 11/03/2023 CHF 77.000 Vontobel Financial P 13.950 05/05/2022 CHF 42.130 Corner Banca SA 20.00011/15/2022 CHF 60.210 Leonteq Securities A 9.000 05/12/2023 CHF 57.820 Landesbank Baden-Wue 11.50011/25/2022 EUR 76.290 Societe Generale Eff 7.500 5/27/2022 EUR 63.620 Landesbank Baden-Wue 4.15011/25/2022 EUR 63.610 Landesbank Baden-Wue 8.30011/25/2022 EUR 53.460 Bank Vontobel AG 14.250 11/07/2022 CHF 37.200 Bank Vontobel AG 13.750 05/08/2023 CHF 58.400 Bank Vontobel AG 14.00011/14/2022 CHF 51.000 Bank Vontobel AG 9.000 05/12/2023 CHF 76.900 Bank Vontobel AG 14.000 05/12/2023 CHF 71.800 Bank Vontobel AG 18.75011/14/2022 CHF 55.700 Bank Vontobel AG 8.750 05/12/2023 CHF 66.500 Vontobel Financial P 10.500 9/23/2022 EUR 71.790 Vontobel Financial P 5.00012/23/2022 EUR 55.660 Vontobel Financial P 8.000 9/23/2022 EUR 72.260 Vontobel Financial P 8.00012/23/2022 EUR 70.420 Vontobel Financial P 11.50012/23/2022 EUR 73.960 Vontobel Financial P 12.000 9/23/2022 EUR 72.310 Vontobel Financial P 13.00012/23/2022 EUR 68.390 Vontobel Financial P 5.000 9/23/2022 EUR 69.130 Vontobel Financial P 14.00012/23/2022 EUR 75.680 Vontobel Financial P 14.000 9/23/2022 EUR 76.460 Vontobel Financial P 16.00012/23/2022 EUR 74.230 Vontobel Financial P 8.00012/23/2022 EUR 75.420 Vontobel Financial P 12.00012/23/2022 EUR 71.110 Vontobel Financial P 15.00012/23/2022 EUR 68.650 Vontobel Financial P 12.500 9/23/2022 EUR 69.920 Vontobel Financial P 15.500 9/23/2022 EUR 67.970 Vontobel Financial P 14.000 9/23/2022 EUR 68.900 Vontobel Financial P 6.00012/23/2022 EUR 71.360 Vontobel Financial P 10.00012/23/2022 EUR 66.590 Vontobel Financial P 9.500 9/23/2022 EUR 66.260 Vontobel Financial P 8.00012/23/2022 EUR 68.790 Vontobel Financial P 15.00012/23/2022 EUR 63.270 Vontobel Financial P 10.500 9/23/2022 EUR 64.870 Vontobel Financial P 17.000 9/23/2022 EUR 61.580 Vontobel Financial P 12.000 9/23/2022 EUR 63.860 Vontobel Financial P 15.000 9/23/2022 EUR 62.080 Vontobel Financial P 10.000 9/23/2022 EUR 71.760 Vontobel Financial P 12.00012/23/2022 EUR 73.410 Vontobel Financial P 13.00012/23/2022 EUR 74.180 Vontobel Financial P 13.50012/23/2022 EUR 74.600 Vontobel Financial P 12.500 9/23/2022 EUR 71.970 Vontobel Financial P 15.000 9/23/2022 EUR 73.310 Vontobel Financial P 17.000 9/23/2022 EUR 74.370 Vontobel Financial P 10.50012/23/2022 EUR 69.860 Vontobel Financial P 12.00012/23/2022 EUR 71.040 Vontobel Financial P 10.500 9/23/2022 EUR 67.580 Vontobel Financial P 8.50012/23/2022 EUR 70.080 Vontobel Financial P 12.000 9/23/2022 EUR 68.300 Vontobel Financial P 10.00012/23/2022 EUR 68.670 Vontobel Financial P 8.500 9/23/2022 EUR 65.800 Vontobel Financial P 10.000 9/23/2022 EUR 66.580 Vontobel Financial P 10.50012/23/2022 EUR 72.850 Vontobel Financial P 7.500 9/23/2022 EUR 69.310 Vontobel Financial P 10.500 9/23/2022 EUR 70.920 Vontobel Financial P 9.000 9/23/2022 EUR 70.120 Vontobel Financial P 11.50012/23/2022 EUR 73.530 Vontobel Financial P 9.500 9/23/2022 EUR 70.060 Vontobel Financial P 10.500 9/23/2022 EUR 70.600 Vontobel Financial P 8.000 9/23/2022 EUR 69.270 Vontobel Financial P 11.500 9/23/2022 EUR 71.130 Vontobel Financial P 12.000 9/23/2022 EUR 71.400 Vontobel Financial P 13.000 9/23/2022 EUR 71.940 DZ Bank AG Deutsche 10.500 5/25/2022 EUR 43.190 DZ Bank AG Deutsche 7.75012/21/2022 EUR 63.720 Societe Generale Eff 13.000 7/22/2022 EUR 66.320 Societe Generale Eff 12.250 8/26/2022 EUR 67.040 DZ Bank AG Deutsche 6.000 9/21/2022 EUR 61.210 Bank Vontobel AG 11.000 10/03/2022 EUR 62.900 Bank Vontobel AG 9.500 3/31/2023 EUR 72.900 Bank Vontobel AG 16.500 01/03/2023 EUR 51.900 Bank Vontobel AG 8.500 11/03/2023 CHF 54.000 Bank Vontobel AG 14.250 11/07/2022 CHF 51.100 Bank Vontobel AG 8.000 02/06/2023 EUR 73.600 Leonteq Securities A 15.000 11/08/2022 CHF 50.820 Leonteq Securities A 17.000 02/08/2023 CHF 74.750 Leonteq Securities A 14.000 02/08/2023 USD 58.260 Vontobel Financial P 27.900 05/09/2022 EUR 42.940 Erste Group Bank AG 6.500 12/01/2026 EUR 69.850 Erste Group Bank AG 7.000 12/01/2022 EUR 84.100 Leonteq Securities A 21.600 11/08/2022 CHF 60.890 DZ Bank AG Deutsche 11.500 9/21/2022 EUR 63.960 DZ Bank AG Deutsche 6.50012/21/2022 EUR 72.640 DZ Bank AG Deutsche 8.500 6/22/2022 EUR 66.680 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 65.000 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 66.230 DZ Bank AG Deutsche 4.75012/19/2022 EUR 72.700 DZ Bank AG Deutsche 4.750 3/20/2023 EUR 73.480 DZ Bank AG Deutsche 4.75012/19/2022 EUR 70.920 DZ Bank AG Deutsche 6.25012/19/2022 EUR 72.430 DZ Bank AG Deutsche 6.250 3/20/2023 EUR 68.160 DZ Bank AG Deutsche 4.750 3/20/2023 EUR 74.170 Banque International 11.000 11/09/2022 CHF 50.340 Leonteq Securities A 21.600 11/09/2022 CHF 42.620 Leonteq Securities A 25.200 11/09/2022 CHF 66.650 UniCredit Bank AG 8.15011/30/2022 EUR 58.340 DZ Bank AG Deutsche 20.400 9/23/2022 EUR 72.290 DZ Bank AG Deutsche 14.70012/23/2022 EUR 41.000 DZ Bank AG Deutsche 15.60012/23/2022 EUR 75.890 DZ Bank AG Deutsche 15.100 9/23/2022 EUR 68.870 DZ Bank AG Deutsche 12.50012/23/2022 EUR 70.360 DZ Bank AG Deutsche 14.50012/23/2022 EUR 76.280 DZ Bank AG Deutsche 15.20012/23/2022 EUR 75.750 DZ Bank AG Deutsche 15.90012/23/2022 EUR 75.350 DZ Bank AG Deutsche 16.60012/23/2022 EUR 74.940 DZ Bank AG Deutsche 17.30012/23/2022 EUR 74.510 DZ Bank AG Deutsche 6.60012/23/2022 EUR 75.310 DZ Bank AG Deutsche 11.20012/23/2022 EUR 70.310 DZ Bank AG Deutsche 16.000 9/23/2022 EUR 67.280 Vontobel Financial P 9.50012/23/2022 EUR 46.570 Zurcher Kantonalbank 20.500 11/04/2022 CHF 74.410 Vontobel Financial P 14.00012/23/2022 EUR 69.400 Vontobel Financial P 16.00012/23/2022 EUR 67.970 Vontobel Financial P 7.500 9/23/2022 EUR 75.390 Vontobel Financial P 10.000 9/23/2022 EUR 72.480 Vontobel Financial P 6.500 9/23/2022 EUR 77.090 Vontobel Financial P 11.000 9/23/2022 EUR 71.030 Vontobel Financial P 8.500 9/23/2022 EUR 73.760 Vontobel Financial P 17.00012/23/2022 EUR 67.350 Vontobel Financial P 18.500 9/23/2022 EUR 66.350 Vontobel Financial P 17.000 9/23/2022 EUR 67.130 Vontobel Financial P 11.50012/23/2022 EUR 65.180 Vontobel Financial P 6.000 9/23/2022 EUR 70.820 Vontobel Financial P 13.00012/23/2022 EUR 64.700 Vontobel Financial P 14.00012/23/2022 EUR 63.950 Vontobel Financial P 13.500 9/23/2022 EUR 62.920 Vontobel Financial P 7.000 9/23/2022 EUR 69.100 Vontobel Financial P 8.000 9/23/2022 EUR 67.500 Vontobel Financial P 16.50012/23/2022 EUR 63.040 Vontobel Financial P 20.000 9/23/2022 EUR 65.660 Vontobel Financial P 13.500 9/23/2022 EUR 72.510 Vontobel Financial P 16.000 9/23/2022 EUR 73.830 Vontobel Financial P 13.000 9/23/2022 EUR 68.930 Vontobel Financial P 9.500 9/23/2022 EUR 68.910 Vontobel Financial P 12.50012/23/2022 EUR 71.190 Vontobel Financial P 10.500 9/23/2022 EUR 67.560 Vontobel Financial P 13.500 9/23/2022 EUR 69.100 Vontobel Financial P 12.000 9/23/2022 EUR 67.660 Vontobel Financial P 8.00012/23/2022 EUR 70.880 Vontobel Financial P 11.50012/23/2022 EUR 73.640 Vontobel Financial P 7.000 9/23/2022 EUR 69.040 Vontobel Financial P 8.500 9/23/2022 EUR 69.850 Vontobel Financial P 10.000 9/23/2022 EUR 70.660 Vontobel Financial P 12.500 9/23/2022 EUR 72.000 Vontobel Financial P 9.00012/23/2022 EUR 71.560 Vontobel Financial P 10.00012/23/2022 EUR 72.350 Vontobel Financial P 11.500 9/23/2022 EUR 71.460 Vontobel Financial P 9.000 9/23/2022 EUR 69.790 DZ Bank AG Deutsche 8.250 6/22/2022 EUR 74.470 DZ Bank AG Deutsche 8.250 9/21/2022 EUR 71.510 DZ Bank AG Deutsche 8.25012/21/2022 EUR 72.960 DZ Bank AG Deutsche 13.000 6/22/2022 EUR 72.080 DZ Bank AG Deutsche 7.500 6/22/2022 EUR 69.610 DZ Bank AG Deutsche 6.750 9/21/2022 EUR 70.830 DZ Bank AG Deutsche 7.25012/21/2022 EUR 71.880 DZ Bank AG Deutsche 6.00012/21/2022 EUR 62.410 Societe Generale Eff 15.000 5/27/2022 EUR 64.610 DZ Bank AG Deutsche 15.750 5/25/2022 EUR 71.160 Landesbank Baden-Wue 3.000 4/25/2022 EUR 64.250 EFG International Fi 16.000 11/10/2022 USD 73.470 Vontobel Financial P 8.50012/23/2022 EUR 67.870 Vontobel Financial P 12.50012/23/2022 EUR 65.410 Bank Vontobel AG 9.000 2/21/2023 CHF 71.500 Bank Vontobel AG 12.25011/28/2022 CHF 63.900 Bank Vontobel AG 7.000 5/26/2023 EUR 72.600 Leonteq Securities A 2.380 11/10/2022 EUR 59.200 Societe Generale Eff 14.250 6/24/2022 EUR 69.560 Bank Vontobel AG 12.000 05/09/2023 EUR 67.800 Zurcher Kantonalbank 13.550 11/04/2022 CHF 70.980 Raiffeisen Switzerla 19.000 12/06/2022 CHF 58.240 Leonteq Securities A 15.00011/15/2022 CHF 72.410 Leonteq Securities A 18.00011/15/2022 CHF 61.400 Leonteq Securities A 14.000 2/15/2023 CHF 53.860 Corner Banca SA 10.000 5/15/2023 USD 68.590 Vontobel Financial P 27.900 6/24/2022 EUR 71.140 Landesbank Baden-Wue 2.70011/25/2022 EUR 74.030 Landesbank Baden-Wue 3.75011/25/2022 EUR 76.730 Landesbank Baden-Wue 5.85011/25/2022 EUR 73.560 Vontobel Financial P 9.50012/23/2022 EUR 73.350 Vontobel Financial P 8.500 9/23/2022 EUR 70.690 Vontobel Financial P 11.50012/23/2022 EUR 74.900 Vontobel Financial P 13.000 9/23/2022 EUR 73.060 Vontobel Financial P 15.500 9/23/2022 EUR 74.400 Vontobel Financial P 6.500 9/23/2022 EUR 69.590 Vontobel Financial P 7.50012/23/2022 EUR 73.510 Vontobel Financial P 11.50012/23/2022 EUR 73.060 Vontobel Financial P 7.00012/23/2022 EUR 55.880 Vontobel Financial P 7.50012/23/2022 EUR 69.250 Vontobel Financial P 10.500 9/23/2022 EUR 64.170 Vontobel Financial P 12.000 9/23/2022 EUR 64.980 Vontobel Financial P 10.50012/23/2022 EUR 66.410 Vontobel Financial P 14.000 9/23/2022 EUR 66.050 Vontobel Financial P 8.000 9/23/2022 EUR 70.380 Vontobel Financial P 16.500 9/23/2022 EUR 74.330 Vontobel Financial P 19.000 9/23/2022 EUR 72.380 Vontobel Financial P 18.00012/23/2022 EUR 72.930 Vontobel Financial P 6.00012/23/2022 EUR 77.950 Vontobel Financial P 9.50012/23/2022 EUR 72.740 Leonteq Securities A 13.000 11/08/2022 CHF 58.810 DZ Bank AG Deutsche 8.50012/21/2022 EUR 70.150 DZ Bank AG Deutsche 8.50012/21/2022 EUR 74.090 Zurcher Kantonalbank 7.750 11/03/2022 CHF 72.940 Credit Suisse AG/Lon 10.50010/26/2022 CHF 42.540 Credit Suisse AG/Lon 7.00010/31/2022 CHF 75.180 Credit Suisse AG/Lon 14.000 11/02/2022 CHF 53.470 Credit Suisse AG/Lon 15.000 11/02/2022 USD 53.120 Credit Suisse AG/Lon 9.000 11/03/2022 CHF 49.500 DZ Bank AG Deutsche 10.75012/21/2022 EUR 65.970 AKB Peresvet ZAO 0.510 2/14/2032 RUB 13.000 DZ Bank AG Deutsche 15.400 9/23/2022 EUR 42.020 Leonteq Securities A 16.000 6/21/2022 USD 40.870 Basler Kantonalbank 10.000 2/13/2023 CHF 67.700 BNP Paribas Emission 6.000 6/23/2022 EUR 73.080 BNP Paribas Emission 14.000 6/23/2022 EUR 64.890 BNP Paribas Emission 6.000 9/22/2022 EUR 74.500 BNP Paribas Emission 12.000 9/22/2022 EUR 67.490 BNP Paribas Emission 10.00012/22/2022 EUR 68.930 BNP Paribas Emission 8.000 6/23/2022 EUR 72.870 BNP Paribas Emission 8.000 9/22/2022 EUR 74.530 BNP Paribas Emission 14.000 6/23/2022 EUR 65.660 BNP Paribas Emission 14.000 6/23/2022 EUR 68.690 BNP Paribas Emission 14.000 6/23/2022 EUR 67.930 BNP Paribas Emission 8.00012/22/2022 EUR 75.630 BNP Paribas Emission 12.000 9/22/2022 EUR 65.580 BNP Paribas Emission 10.000 9/22/2022 EUR 73.490 BNP Paribas Emission 12.000 9/22/2022 EUR 70.510 BNP Paribas Emission 8.000 6/23/2022 EUR 42.950 BNP Paribas Emission 10.000 6/23/2022 EUR 40.060 BNP Paribas Emission 12.000 6/23/2022 EUR 37.690 BNP Paribas Emission 8.000 9/22/2022 EUR 44.910 BNP Paribas Emission 10.000 9/22/2022 EUR 42.580 BNP Paribas Emission 12.000 9/22/2022 EUR 40.740 BNP Paribas Emission 14.000 9/22/2022 EUR 39.300 BNP Paribas Emission 8.00012/22/2022 EUR 43.450 BNP Paribas Emission 10.00012/22/2022 EUR 42.160 BNP Paribas Emission 12.00012/22/2022 EUR 41.240 BNP Paribas Emission 10.000 6/23/2022 EUR 67.400 Bank Julius Baer & C 9.600 08/12/2022 USD 48.900 Leonteq Securities A 26.380 08/12/2022 CHF 58.060 Leonteq Securities A 17.140 08/12/2022 CHF 71.250 Leonteq Securities A 18.480 08/12/2022 CHF 71.340 Landesbank Baden-Wue 6.750 8/26/2022 EUR 44.260 Landesbank Baden-Wue 6.250 8/26/2022 EUR 76.550 Landesbank Baden-Wue 8.700 8/26/2022 EUR 71.310 Landesbank Baden-Wue 10.100 8/26/2022 EUR 67.480 Landesbank Baden-Wue 3.600 8/26/2022 EUR 77.480 Landesbank Baden-Wue 5.000 8/26/2022 EUR 72.230 Landesbank Baden-Wue 4.800 8/26/2022 EUR 47.180 Landesbank Baden-Wue 3.000 8/26/2022 EUR 74.990 Landesbank Baden-Wue 5.000 8/26/2022 EUR 71.070 BNP Paribas Emission 14.000 6/23/2022 EUR 69.880 BNP Paribas Emission 12.000 9/22/2022 EUR 72.500 BNP Paribas Emission 10.00012/22/2022 EUR 73.660 BNP Paribas Emission 10.000 6/23/2022 EUR 73.610 BNP Paribas Emission 10.000 9/22/2022 EUR 75.900 BNP Paribas Emission 6.00012/22/2022 EUR 68.200 BNP Paribas Emission 6.00012/22/2022 EUR 64.840 BNP Paribas Emission 8.00012/22/2022 EUR 63.260 Bank Julius Baer & C 9.400 09/12/2022 EUR 71.050 Bank Julius Baer & C 6.900 6/13/2022 EUR 72.700 Bank Julius Baer & C 9.150 6/13/2022 USD 72.600 Leonteq Securities A 10.00012/14/2022 CHF 72.410 Leonteq Securities A 24.870 6/14/2022 CHF 23.320 Zurcher Kantonalbank 24.000 6/17/2022 CHF 60.550 Societe Generale Eff 7.500 5/27/2022 EUR 65.440 Societe Generale Eff 9.500 5/27/2022 EUR 61.790 Societe Generale Eff 7.000 6/24/2022 EUR 72.800 Societe Generale Eff 8.000 6/24/2022 EUR 70.700 Societe Generale Eff 9.000 6/24/2022 EUR 68.870 DekaBank Deutsche Gi 3.400 7/19/2024 EUR 73.360 UniCredit Bank AG 3.000 11/12/2022 EUR 67.030 DZ Bank AG Deutsche 9.200 7/22/2022 EUR 73.740 Bank Vontobel AG 7.25511/21/2022 CHF 70.000 Zurcher Kantonalbank 8.500 08/11/2022 CHF 72.620 Sberbank of Russia P 0.010 08/03/2028 RUB 75.000 DZ Bank AG Deutsche 17.200 6/24/2022 EUR 49.910 DZ Bank AG Deutsche 19.700 6/24/2022 EUR 75.020 DZ Bank AG Deutsche 11.300 6/24/2022 EUR 73.550 DZ Bank AG Deutsche 9.300 6/24/2022 EUR 74.260 DZ Bank AG Deutsche 16.200 6/24/2022 EUR 64.050 DZ Bank AG Deutsche 14.800 6/24/2022 EUR 79.230 UBS AG/London 10.250 5/30/2023 CHF 59.800 UBS AG/London 8.500 5/27/2022 CHF 66.900 Bank Julius Baer & C 8.400 08/08/2022 EUR 74.000 UniCredit Bank AG 3.600 09/02/2024 EUR 53.940 Leonteq Securities A 22.810 08/09/2022 CHF 44.440 Vontobel Financial P 6.250 6/24/2022 EUR 74.400 Vontobel Financial P 18.500 6/24/2022 EUR 52.980 Vontobel Financial P 16.500 6/24/2022 EUR 73.140 Credit Suisse AG/Lon 10.000 5/30/2022 CHF 44.560 Leonteq Securities A 10.000 02/06/2023 CHF 43.920 Leonteq Securities A 11.000 08/09/2022 CHF 74.740 Leonteq Securities A 11.200 02/06/2023 CHF 52.260 Zurcher Kantonalbank 12.300 06/07/2022 CHF 73.760 Leonteq Securities A 13.000 02/06/2023 USD 69.350 Leonteq Securities A 16.000 08/09/2022 EUR 64.520 EFG International Fi 4.800 08/05/2022 USD 47.510 Leonteq Securities A 10.000 02/06/2023 CHF 68.000 Vontobel Financial P 21.000 6/24/2022 EUR 46.820 Vontobel Financial P 13.500 6/24/2022 EUR 73.690 Vontobel Financial P 12.500 9/23/2022 EUR 73.650 Vontobel Financial P 10.500 6/24/2022 EUR 70.140 Vontobel Financial P 12.500 6/24/2022 EUR 70.710 Vontobel Financial P 12.500 6/24/2022 EUR 73.730 Vontobel Financial P 15.500 6/24/2022 EUR 74.600 Vontobel Financial P 16.500 6/24/2022 EUR 73.660 Societe Generale Eff 13.25010/28/2022 EUR 50.550 Zurcher Kantonalbank 18.500 09/09/2022 CHF 52.210 Zurcher Kantonalbank 18.000 9/13/2022 CHF 49.270 Leonteq Securities A 26.200 09/07/2022 CHF 50.890 Leonteq Securities A 24.800 09/07/2022 CHF 58.850 Leonteq Securities A 8.500 12/07/2022 EUR 66.770 DZ Bank AG Deutsche 6.500 9/19/2022 EUR 74.630 DZ Bank AG Deutsche 5.90012/19/2022 EUR 75.190 DZ Bank AG Deutsche 15.50012/21/2022 EUR 64.420 DZ Bank AG Deutsche 9.750 9/21/2022 EUR 46.940 DZ Bank AG Deutsche 14.500 9/21/2022 EUR 43.940 DZ Bank AG Deutsche 6.250 9/19/2022 EUR 71.410 DZ Bank AG Deutsche 5.000 9/19/2022 EUR 74.120 DZ Bank AG Deutsche 9.750 3/23/2022 EUR 73.750 DZ Bank AG Deutsche 14.000 3/23/2022 EUR 73.820 DZ Bank AG Deutsche 6.250 9/21/2022 EUR 67.080 DZ Bank AG Deutsche 5.25012/19/2022 EUR 72.520 DZ Bank AG Deutsche 9.250 9/19/2022 EUR 67.420 DZ Bank AG Deutsche 8.750 9/19/2022 EUR 72.610 Goldman Sachs & Co W 22.000 3/23/2022 EUR 69.170 Goldman Sachs & Co W 16.000 3/23/2022 EUR 74.740 Goldman Sachs & Co W 21.000 3/23/2022 EUR 71.820 Goldman Sachs & Co W 23.000 4/21/2022 EUR 63.560 Goldman Sachs & Co W 15.000 5/25/2022 EUR 69.240 Goldman Sachs & Co W 18.000 5/25/2022 EUR 66.750 Goldman Sachs & Co W 22.000 5/25/2022 EUR 64.700 Goldman Sachs & Co W 23.000 6/22/2022 EUR 64.100 Goldman Sachs & Co W 13.000 7/20/2022 EUR 70.850 Goldman Sachs & Co W 19.000 7/20/2022 EUR 67.070 Goldman Sachs & Co W 22.000 7/20/2022 EUR 65.540 Goldman Sachs & Co W 10.000 8/24/2022 EUR 74.050 Goldman Sachs & Co W 15.000 8/24/2022 EUR 69.930 Goldman Sachs & Co W 20.000 8/24/2022 EUR 66.790 Goldman Sachs & Co W 19.000 9/21/2022 EUR 67.810 Goldman Sachs & Co W 16.00012/21/2022 EUR 70.210 Goldman Sachs & Co W 10.000 6/21/2023 EUR 74.430 Goldman Sachs & Co W 12.000 6/21/2023 EUR 71.990 UniCredit Bank AG 11.450 9/28/2022 EUR 74.480 UniCredit Bank AG 6.650 9/28/2022 EUR 72.640 Leonteq Securities A 12.000 09/07/2022 EUR 59.080 Raiffeisen Schweiz G 13.000 09/06/2022 CHF 43.470 Raiffeisen Schweiz G 12.500 09/06/2022 CHF 74.840 Raiffeisen Schweiz G 17.000 09/07/2022 USD 49.600 Raiffeisen Schweiz G 8.500 03/03/2023 USD 74.410 Raiffeisen Schweiz G 18.000 06/03/2022 CHF 50.530 Leonteq Securities A 25.000 09/07/2022 CHF 46.510 UniCredit Bank AG 4.650 9/28/2022 EUR 76.240 DZ Bank AG Deutsche 19.500 9/23/2022 EUR 55.750 DZ Bank AG Deutsche 21.300 9/23/2022 EUR 54.260 DZ Bank AG Deutsche 23.200 9/23/2022 EUR 53.050 DZ Bank AG Deutsche 22.000 6/24/2022 EUR 57.430 DZ Bank AG Deutsche 24.100 9/23/2022 EUR 56.720 DZ Bank AG Deutsche 10.800 6/24/2022 EUR 63.440 DZ Bank AG Deutsche 10.200 9/23/2022 EUR 65.350 DZ Bank AG Deutsche 17.600 9/23/2022 EUR 67.410 DZ Bank AG Deutsche 19.900 9/23/2022 EUR 65.080 Leonteq Securities A 10.00010/26/2022 CHF 63.060 Leonteq Securities A 8.400 1/26/2023 CHF 74.100 Vontobel Financial P 10.500 9/23/2022 EUR 57.220 Vontobel Financial P 7.000 6/24/2022 EUR 71.270 Vontobel Financial P 4.000 9/23/2022 EUR 78.080 Vontobel Financial P 7.000 6/24/2022 EUR 64.230 Vontobel Financial P 9.500 6/24/2022 EUR 64.950 Zurcher Kantonalbank 12.500 08/03/2022 CHF 63.200 Vontobel Financial P 5.000 6/24/2022 EUR 66.480 Vontobel Financial P 11.500 9/23/2022 EUR 67.410 Vontobel Financial P 7.000 6/24/2022 EUR 67.010 Zurcher Kantonalbank 27.500 08/02/2022 CHF 66.980 Societe Generale Eff 7.750 8/26/2022 EUR 75.670 Societe Generale Eff 11.250 7/22/2022 EUR 68.790 DZ Bank AG Deutsche 6.200 6/20/2022 EUR 74.690 DZ Bank AG Deutsche 5.300 6/20/2022 EUR 76.000 DZ Bank AG Deutsche 6.500 9/19/2022 EUR 74.490 Corner Banca SA 8.200 7/26/2023 CHF 72.090 Leonteq Securities A 20.000 7/26/2022 CHF 73.300 Leonteq Securities A 10.00010/26/2022 CHF 49.280 Leonteq Securities A 12.000 1/26/2023 CHF 52.490 DZ Bank AG Deutsche 9.250 6/20/2022 EUR 71.330 DZ Bank AG Deutsche 9.500 9/19/2022 EUR 73.140 Raiffeisen Schweiz G 12.500 7/26/2022 CHF 48.440 Raiffeisen Schweiz G 14.000 7/26/2022 CHF 66.620 Bank Julius Baer & C 6.40010/27/2022 CHF 74.400 Zurcher Kantonalbank 14.000 08/02/2022 CHF 60.870 Landesbank Baden-Wue 3.000 1/27/2023 EUR 77.470 Landesbank Baden-Wue 3.300 1/27/2023 EUR 61.740 Landesbank Baden-Wue 7.200 1/27/2023 EUR 55.330 Landesbank Baden-Wue 5.400 1/27/2023 EUR 70.030 Landesbank Baden-Wue 5.400 1/27/2023 EUR 48.650 Landesbank Baden-Wue 7.250 1/27/2023 EUR 46.540 Bank Vontobel AG 9.000 06/05/2023 CHF 76.700 Bank Vontobel AG 15.000 12/05/2022 CHF 57.700 Credit Suisse AG/Lon 7.020 12/05/2024 USD 9.530 Raiffeisen Schweiz G 7.700 11/08/2023 CHF 74.590 Leonteq Securities A 11.210 06/06/2023 CHF 52.480 Corner Banca SA 12.600 12/06/2022 CHF 58.100 Leonteq Securities A 9.200 12/06/2022 CHF 74.650 Leonteq Securities A 17.100 12/06/2022 CHF 46.080 Leonteq Securities A 14.800 12/06/2022 CHF 49.920 Leonteq Securities A 19.000 12/06/2022 CHF 63.770 Leonteq Securities A 15.800 12/06/2022 USD 49.990 Leonteq Securities A 8.000 12/06/2022 CHF 66.580 Leonteq Securities A 12.000 12/06/2022 CHF 51.830 Bank Vontobel AG 11.500 06/05/2023 CHF 50.200 Bank Vontobel AG 9.000 12/04/2023 EUR 75.100 Bank Vontobel AG 7.000 06/05/2023 CHF 68.900 Bank Julius Baer & C 10.000 9/26/2022 CHF 66.400 Leonteq Securities A 21.600 12/06/2022 CHF 52.870 Leonteq Securities A 22.800 12/06/2022 CHF 57.080 Raiffeisen Switzerla 17.500 11/08/2022 USD 58.550 Bank Julius Baer & C 7.900 2/13/2023 EUR 75.050 Vontobel Financial P 14.00012/23/2022 EUR 74.490 Vontobel Financial P 15.00012/23/2022 EUR 74.320 Vontobel Financial P 12.50012/23/2022 EUR 75.280 Credit Suisse AG/Lon 15.00011/29/2022 USD 56.840 Bank Vontobel AG 10.500 5/26/2023 CHF 75.200 Leonteq Securities A 26.40011/15/2022 USD 60.740 Leonteq Securities A 18.000 3/22/2022 USD 30.630 DZ Bank AG Deutsche 6.000 3/21/2022 EUR 69.530 Zurcher Kantonalbank 6.750 07/01/2022 CHF 74.080 Vontobel Financial P 10.000 3/25/2022 EUR 70.120 Vontobel Financial P 11.000 3/25/2022 EUR 70.160 Vontobel Financial P 4.000 3/25/2022 EUR 53.620 Vontobel Financial P 3.000 3/25/2022 EUR 53.580 Vontobel Financial P 4.500 3/25/2022 EUR 53.430 Vontobel Financial P 3.500 3/25/2022 EUR 53.600 DZ Bank AG Deutsche 9.000 3/23/2022 EUR 64.090 DZ Bank AG Deutsche 5.750 3/23/2022 EUR 71.060 DZ Bank AG Deutsche 5.500 6/22/2022 EUR 67.380 Vontobel Financial P 14.000 3/25/2022 EUR 65.620 DZ Bank AG Deutsche 5.000 6/22/2022 EUR 73.650 EFG International Fi 7.000 3/23/2023 USD 11.980 UBS AG/London 10.000 3/23/2026 USD 57.450 Zurcher Kantonalbank 18.000 04/01/2022 USD 71.090 Zurcher Kantonalbank 11.500 04/01/2022 EUR 72.640 Zurcher Kantonalbank 11.000 04/01/2022 CHF 72.390 UniCredit Bank AG 8.000 4/20/2022 EUR 51.650 UniCredit Bank AG 9.90010/20/2022 EUR 67.840 Credit Suisse AG/Lon 8.500 06/08/2022 CHF 56.980 Credit Suisse AG/Lon 6.900 3/20/2023 USD 1.390 Credit Suisse AG/Lon 12.000 05/09/2022 USD 47.450 Vontobel Financial P 7.00012/23/2022 EUR 68.430 Vontobel Financial P 8.500 9/23/2022 EUR 67.810 Vontobel Financial P 10.00012/23/2022 EUR 70.800 Vontobel Financial P 5.500 9/23/2022 EUR 66.190 Vontobel Financial P 11.000 9/23/2022 EUR 69.400 Vontobel Financial P 9.000 9/23/2022 EUR 68.330 Vontobel Financial P 7.500 9/23/2022 EUR 67.520 Vontobel Financial P 9.00012/23/2022 EUR 68.190 Vontobel Financial P 9.500 9/23/2022 EUR 66.700 Vontobel Financial P 10.500 9/23/2022 EUR 67.240 Vontobel Financial P 8.500 9/23/2022 EUR 66.160 Vontobel Financial P 12.000 9/23/2022 EUR 67.930 Vontobel Financial P 10.50012/23/2022 EUR 69.330 Vontobel Financial P 8.50012/23/2022 EUR 67.710 Vontobel Financial P 10.000 9/23/2022 EUR 66.720 Vontobel Financial P 11.000 9/23/2022 EUR 67.350 Vontobel Financial P 8.000 9/23/2022 EUR 65.650 Vontobel Financial P 9.000 9/23/2022 EUR 66.180 Vontobel Financial P 5.50012/23/2022 EUR 61.350 Vontobel Financial P 8.50012/23/2022 EUR 58.210 Vontobel Financial P 11.50012/23/2022 EUR 55.890 Vontobel Financial P 15.00012/23/2022 EUR 54.630 Vontobel Financial P 10.00012/23/2022 EUR 74.610 Vontobel Financial P 15.00012/23/2022 EUR 72.050 Vontobel Financial P 13.00012/23/2022 EUR 72.540 Vontobel Financial P 17.00012/23/2022 EUR 73.110 Vontobel Financial P 14.50012/23/2022 EUR 74.420 Vontobel Financial P 16.00012/23/2022 EUR 73.600 Vontobel Financial P 7.50012/23/2022 EUR 72.270 Vontobel Financial P 14.50012/23/2022 EUR 67.580 Vontobel Financial P 12.00012/23/2022 EUR 68.740 Vontobel Financial P 8.00012/23/2022 EUR 73.310 Vontobel Financial P 10.00012/23/2022 EUR 72.160 Vontobel Financial P 14.00012/23/2022 EUR 70.360 Vontobel Financial P 12.00012/23/2022 EUR 71.180 Vontobel Financial P 13.50012/23/2022 EUR 75.060 EFG International Fi 19.000 11/10/2022 CHF 50.700 Vontobel Financial P 8.25012/23/2022 EUR 62.640 Credit Suisse AG/Lon 13.50011/28/2022 CHF 57.020 Leonteq Securities A 26.400 11/08/2022 CHF 54.450 Leonteq Securities A 22.800 11/11/2022 CHF 41.360 Zurcher Kantonalbank 11.000 11/08/2022 CHF 75.960 Societe Generale Eff 6.000 7/22/2022 EUR 67.380 Societe Generale Eff 7.000 8/26/2022 EUR 62.100 Societe Generale Eff 10.250 9/23/2022 EUR 54.220 Societe Generale Eff 11.25010/28/2022 EUR 52.810 Societe Generale Eff 15.25010/28/2022 EUR 48.930 Bank Julius Baer & C 9.300 01/09/2023 USD 67.900 Bank Julius Baer & C 9.250 10/07/2022 USD 57.300 ********* 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 * * *