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

                          E U R O P E

          Monday, April 25, 2022, Vol. 23, No. 76

                           Headlines



C Y P R U S

HELLENIC BANK: Moody's Upgrades Long Term Deposit Ratings to Ba3


F R A N C E

CONSTELLIUM SE: Moody's Affirms B2 CFR, Alters Outlook to Positive
EUTELSAT COMMUNICATIONS: Egan-Jones Retains BB+ Sr. Unsec. Ratings
IMERYS SA: Egan-Jones Retains BB+ Senior Unsecured Ratings
NEXANS SA: Egan-Jones Hikes Senior Unsecured Ratings to BB+
PAPREC HOLDING: Moody's Upgrades CFR & Senior Secured Notes to B1



G E R M A N Y

FINFISHER GROUP: Declares Bankruptcy, Halts Operations
REVOCAR 2020: S&P Affirms 'BB- (sf)' Rating on Class D-Dfrd Notes
THYSSENKRUPP AG: Egan-Jones Hikes Senior Unsecured Ratings to B+


I T A L Y

BANCA CARIGE: DBRS Puts 'B(low)' LT Issuer Rating Under Review
ITALY: Egan-Jones Retains BB+ Senior Unsecured Ratings
SHIBA BIDCO: S&P Assigns 'B' Long-Term ICR, Outlook Stable


N E T H E R L A N D S

AMSTERDAM TRADE: Declared Bankrupt by Dutch Court
NXP SEMICONDUCTORS: Egan-Jones Hikes Sr. Unsecured Ratings to BB+


P O R T U G A L

TRANSPORTES AEREOS: S&P Ups ICR to B+ on Eased Liquidity Pressure


S P A I N

PEPPER IBERIA 2022: S&P Assigns Prelim BB+ (sf) Rating to E Notes
REPSOL SA: Egan-Jones Hikes Senior Unsecured Ratings to BB+
SANTANDER CONSUMO 4: DBRS Confirms BB(low) Rating on E Notes


U K R A I N E

[] UKRAINE: Needs US$7 Bil. Every Month to Keep Functioning


U N I T E D   K I N G D O M

ATLAS FUNDING 2022-1: Moody's Gives (P)B1 Rating to Class X2 Notes
ATLAS FUNDING 2022-1: S&P Assigns B- (sf) Rating to X2-Dfrd Notes
GENESIS MORTGAGE 2022-1: S&P Assigns Prelim 'B-' Rating to X Notes
JOTA AVIATION: Enters Administration, Halts Operations
MORTIMER BTL 2022-1: Moody's Assigns (P)B2 Rating to Class X Notes

[*] UK: Company Insolvencies Up 39% to 2,114 in March 2022


X X X X X X X X

[*] BOND PRICING: For the Week April 18 to April 22, 2022

                           - - - - -


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C Y P R U S
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HELLENIC BANK: Moody's Upgrades Long Term Deposit Ratings to Ba3
----------------------------------------------------------------
Moody's Investors Service has upgraded Hellenic Bank Public Company
Ltd's long-term deposit ratings to Ba3 from B1, its senior
unsecured, junior senior unsecured and subordinate MTN program
ratings to (P)B3 from (P)Caa1, its long-term Counterparty Risk
Ratings (CRRs) to Ba2 from Ba3, its long-term Counterparty Risk
Assessment (CRA) to Ba2(cr) from Ba3(cr) and its Baseline Credit
Assessment (BCA) and Adjusted BCA to b2 from b3. The outlook on the
bank's long-term deposit ratings is positive.

RATINGS RATIONALE

The upgrade of Hellenic Bank's ratings and assessments reflects the
significant improvement in the bank's asset quality following its
agreement to sell a portfolio of nonperforming exposures (NPEs)
with a gross book value of EUR720 million to an entity managed and
advised by Pacific Investment Management Company LLC (PIMCO), a
global fixed-income investment manager. The bank expects to
complete the transaction, which is subject to regulatory approvals,
by the end of 2022.

Moody's expects the transaction will be concluded, which will
reduce Hellenic Bank's stock of NPEs to a pro-forma 11.6% of gross
loans as of December 2021, from 21.3% as of September 2021.
Excluding the NPEs that are guaranteed by the government, the
bank's NPEs/gross loans ratio is lower, at 4.4%,. The NPE ratio
drops further to 3.4% (excluding NPEs guaranteed by the government)
by also incorporating a recent acquisition of performing loans from
another domestic bank and other small NPE disposals, a figure that
is close to Hellenic Bank's strategic medium-term target of an NPE
ratio of around 3.0%. The coverage of residual NPEs (excluding
those guaranteed by the government) is relatively high at 69% as of
December 2021, pro-forma for the sale.

The NPE sale transaction is capital accretive adding 15 basis
points to Hellenic Bank's Common Equity Tier 1 (CET1) ratio upon
completion, based on December 2020 figures. Following the
completion of the transaction, risks to capital from legacy NPEs
will have significantly receded for Hellenic Bank, with the bank's
residual net NPEs (excluding those guaranteed by the government)
accounting for 6% of CET1 capital, based on pro-forma September
2021 data. Moody's expects Hellenic Bank's CET1 ratio to be around
18%, following the transaction and also incorporating the impact of
the full acquisition of performing loans.

The transaction has a total value of EUR357 million and comprises
the securitisation of the NPE portfolio and the sale of Hellenic
Bank's debt servicing platform, APS Debt Servicer. Hellenic Bank
will retain 66.7% of the Senior Note and 5% of each of the
Mezzanine and Junior Notes of the securitisation[1].

Hellenic Bank's ratings continue to also capture its strong, retail
deposit-based funding and ample liquid assets. At the same time,
the ratings capture elevated residual asset quality risks, in the
context of the still fragile post-pandemic economic recovery, with
lower economic growth than previously expected, following Russia's
invasion of Ukraine and considerable downward risks.

Hellenic Bank's Ba3 deposit ratings remain positioned at two
notches above its BCA, driven by the protection that Moody's
expects will be afforded to depositors from more loss-absorbing
junior securities, based on the rating agency's forward-looking
Advanced Loss Given Failure analysis. This analysis incorporates
the bank's planned upcoming MREL (minimum requirement for own funds
and eligible liabilities) eligible debt issuances over the coming
years. Moody's expect the bank to successfully proceed with
issuances in the next three years of at least 5% of Risk-Weighted
Assets (RWAs), to meet its binding minimum MREL requirement of
24.1% of RWA (excluding the combined buffer requirement)[2] by
year-end 2025.

RATINGS OUTLOOK

The positive outlook on Hellenic Bank's long-term deposit ratings
reflects Moody's expectations that Hellenic Bank will continue to
reduce total NPEs, while maintaining capital and liquidity buffers
well above regulatory minimums.

The positive outlook also reflects the possibility of further
improvement in the operating environment which could lead to
Moody's concluding that a lower portion of the bank's liabilities
are at a risk of loss in a resolution. This would be reflected in
Moody's assigning a higher macro profile score for Cyprus.

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

All of Hellenic Bank's ratings could be upgraded if Hellenic Bank
manages to further improve its asset quality and to strengthen its
profitability, while maintaining solid capital and liquidity
metrics. The ratings could also be upgraded if Moody's concludes
that the impact of the coronavirus pandemic and Russia's invasion
of Ukraine will not leave any lasting damage on the Cypriot
economy, which may in turn lead Moody's to decide that a lower
portion of the bank's liabilities are at a risk of loss in a
resolution.

Given the positive outlook, it is unlikely that there will be a
downgrade to the bank's ratings in the next 12-18 months. The
positive outlook could be changed back to stable if Moody's expects
the bank to experience a significant weakening in its capital and
overall solvency profile, possibly as a consequence of prolonged
economic disruption.

LIST OF AFFECTED RATINGS

Issuer: Hellenic Bank Public Company Ltd

Upgrades:

Adjusted Baseline Credit Assessment, Upgraded to b2 from b3

Baseline Credit Assessment, Upgraded to b2 from b3

Long-term Counterparty Risk Assessment, Upgraded to Ba2(cr) from
Ba3(cr)

Long-term Counterparty Risk Ratings, Upgraded to Ba2 from Ba3

Senior Unsecured Medium-Term Note Program, Upgraded to (P)B3 from
(P)Caa1

Junior Senior Unsecured Medium-Term Note Program, Upgraded to
(P)B3 from (P)Caa1

Subordinate Medium-Term Note Program, Upgraded to (P)B3 from
(P)Caa1

Long-term Bank Deposit Ratings, Upgraded to Ba3 from B1, Outlook
Remains Positive

Affirmations:

Short-term Counterparty Risk Assessment, Affirmed NP(cr)

Short-term Counterparty Risk Ratings, Affirmed NP

Short-term Bank Deposit Ratings, Affirmed NP

Outlook Action:

Outlook, Remains Positive

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Banks
Methodology published in July 2021.



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F R A N C E
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CONSTELLIUM SE: Moody's Affirms B2 CFR, Alters Outlook to Positive
------------------------------------------------------------------
Moody's Investors Service has changed to positive from stable the
outlook on all ratings of France-based high value-added aluminum
manufacturer Constellium SE (Constellium or group). Concurrently,
Moody's affirmed the group's B2 corporate family rating, the B2-PD
probability of default rating and the B2 instrument ratings on its
senior unsecured notes.

"The positive outlook reflects Constellium's significantly improved
credit metrics in 2021, supported by recovering shipments after the
pandemic-hit year 2020, favourable metal costs and debt repayments
from positive free cash flow in 2021", says Goetz Grossmann, a
Moody's Vice President – Senior Analyst and lead analyst for
Constellium. "For the remainder of 2022 and 2023, we expect
Constellium's operating performance to further strengthen against
continued strong demand and price increases largely offsetting cost
inflation, which could result in an upgrade over the next 12
months, even in a scenario of a weaker macroeconomic environment."

RATINGS RATIONALE

The outlook change to positive follows the considerable rebound in
Constellium's profitability in 2021 with a 25% year-over-year (yoy)
growth in company-adjusted EBITDA to EUR581 million, surpassing the
pre-pandemic EUR562 million EBITDA in 2019. Including positive
metal price lag effects of EUR187 million (EUR8 million negative in
2020), the group's Moody's-adjusted EBITDA even surged to a EUR743
million all-time high (+75% yoy). The positive outlook further
recognizes Constellium's consistent positive Moody's-adjusted FCF
of EUR146 million in 2021 (EUR470 million over the last three
years), despite increased working capital and capital spending,
that it primarily used for debt reduction including a $200 million
early redemption of its $500 million notes due 2026 in November
2021.

As a result, Constellium's leverage on a Moody's adjusted basis
fell to 3.8x gross debt/EBITDA in 2021, or 5.1x excluding the
positive metal price lag effects, from 7.6x in the prior year. At
the same time, the group's CFO less dividends / debt ratio improved
to 14.5% in 2021 (12.5% in 2020) thanks to an earnings
growth-driven increase in funds from operations, which more than
doubled yoy and offset significant working capital investments due
to the rebound in volumes. Both ratios are currently close to the
rating agency's defined levels for a higher rating of towards 4.5x
and 15%, respectively, which it expects Constellium to meet over
the next 12 months. The rating action favourably considers the
group's commitment to further leverage improvements.

For 2022, Moody's forecasts Constellium's earnings (excluding metal
price lag effects) to only moderately expand, due to the current
supply challenges and input cost inflation exacerbated by the
Russia-Ukraine military conflict, which will also dampen economic
growth and consumer sentiment. Although Moody's understands that
the group has hedged a significant portion of its energy cost
exposure for this year, rising natural gas and electricity prices,
for instance, are unlikely to be fully passed through via price
increases at least during 2022. Nevertheless, Moody's recognizes
the group's recent and expected additional price adjustments this
year, which should help it manage the cost increases. Moody's also
expects Constellium to sustain positive FCF generation, which will
benefit from lower interest costs following recent debt repayments.
While targeted growth capital spending of around EUR150 million per
annum in new can sheet capacity and a recycling project might limit
FCF from 2023, the investments will help the group meet the
anticipated growth in aluminum packaging demand, fueled by
substitution and sustainability trends, while improving its
productivity.

A possible upgrade over the next 12 months, as indicated by the
positive outlook, would also require Constellium to remain focused
on its de-leveraging strategy to a reported 2.5x net debt /EBITDA
ratio (3.4x at the end of 2021). A Moody's adjusted gross leverage
ratio falling towards 4.5x, as required for a B1 rating, should
already be achieved this year, assuming also an at least partial
repayment of a EUR180 million French state-guaranteed loan maturing
in May 2022.

The affirmed B2 ratings are further supported by Constellium's
sound business profile, illustrated by its diverse product mix and
strong market shares in high-value-added aluminum rolled and
extruded products; positive secular and sustainability-driven
growth trends in the packaging and automotive end-markets; and
solid liquidity.

Factors constraining the rating relate to Constellium's exposure to
cyclical end markets, such as automotive, aerospace, construction
and industrial; the high capital intensity of its business,
resulting in earnings sensitivity to volumes; and exposure to metal
premium price volatility, although a large share is usually passed
through to customers.

LIQUIDITY

Constellium's solid liquidity is underpinned by unrestricted cash
and cash equivalents of EUR118 million and access to EUR626 million
of additional liquidity as of December 31, 2021, including
committed European and US asset-based lending and factoring
facilities. These, together with Moody's projection of funds from
operations of more than EUR400 million in 2022 more than cover
expected internal cash needs including capital spending of around
EUR250 million in 2022 (increasing towards EUR350 million in 2023),
annual lease payments of around EUR30 million and Moody's standard
working cash assumption of 3% of group sales (around EUR200
million). Moody's liquidity assessment for Constellium further
rests on the expectation that the group will maintain adequate
capacity under its financial covenants.

RATIONALE FOR THE POSITIVE OUTLOOK

The positive outlook reflects Moody's expectation that
Constellium's operating performance will benefit from a further
recovery in demand across its main end-markets, including the
particularly pandemic-hit aerospace sector, supporting moderate
earnings growth and sustained positive FCF in 2022. A possible
upgrade over the next 12 months would also require Constellium's
Moody's-adjusted leverage to reduce towards 4.5x debt/EBITDA
(excluding metal price lag effects) and its liquidity to remain at
least adequate.

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

Upward pressure on the rating would build, if Constellium's (1)
Moody's-adjusted debt/EBITDA falls sustainably towards 4.5x, (2)
(CFO - dividends)/debt improves to at least 15%, (3) FCF remains
consistently positive.

Negative rating pressure would develop, if Constellium's (1)
leverage consistently exceeds 6.0x Moody's-adjusted debt/EBITDA,
(2) (CFO - dividends)/debt falls below 10%, (3) FCF turns
sustainably negative, (4) liquidity deteriorates.

LIST OF AFFECTED RATINGS:

Issuer: Constellium SE

Affirmations:

LT Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

BACKED Senior Unsecured Regular Bond/Debenture, Affirmed B2

Senior Unsecured Regular Bond/Debenture, Affirmed B2

Outlook Actions:

Outlook, Changed To Positive From Stable

PRINCIPAL METHODOLOGY

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

COMPANY PROFILE

Headquartered in France, Constellium SE (Constellium) is a global
leader in the designing and manufacturing of innovative and
high-value-added aluminum products for a broad range of
applications dedicated primarily to packaging, automotive and
aerospace end-markets. Constellium is organized in three business
segments: Packaging & Automotive Rolled Products (P&ARP); Aerospace
& Transportation (A&T), and Automotive Structures & Industry
(AS&I). In 2021, Constellium generated revenue of EUR6.2 billion
and company-adjusted EBITDA of EUR581 million (9.4% margin).

EUTELSAT COMMUNICATIONS: Egan-Jones Retains BB+ Sr. Unsec. Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on March 18, 2022, maintained its 'BB+'
foreign currency and local currency senior unsecured ratings on
debt issued by Eutelsat Communications.

Headquartered in Paris, France, Eutelsat Communications is a
KU-band satellite operator.


IMERYS SA: Egan-Jones Retains BB+ Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company on March 18, 2022, maintained its 'BB+'
foreign currency and local currency senior unsecured ratings on
debt issued by Imerys SA.

Headquartered in Paris, France, Imerys produces and distributes
chemicals, pigments, and additives.


NEXANS SA: Egan-Jones Hikes Senior Unsecured Ratings to BB+
-----------------------------------------------------------
Egan-Jones Ratings Company on March 11, 2022, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Nexans SA to BB+ from BB.

Headquartered in Paris, France, Nexans manufactures cables.


PAPREC HOLDING: Moody's Upgrades CFR & Senior Secured Notes to B1
-----------------------------------------------------------------
Moody's Investors Service has upgraded Paprec Holding's Corporate
Family Rating to B1 from B2, its Probability of Default rating to
B1-PD from B2-PD, and the ratings on the company's backed senior
secured notes to B1 from B2. The outlook remains positive.

RATINGS RATIONALE

The upgrade to B1 reflects Paprec's track record of improving its
financial performance over the last three years, and Moody's
expectation that this trend will continue over at least the next
12-18 coming months. Moody's rating action also captures the
strengthening of the balance sheet, with substantial equity
injections in 2021, supplemented by the issuance of ORAs
(Obligations Remboursables en Actions Bonds redeemable into shares)
to be mandatorily converted into shares in 2023. Finally, the
upgrade recognises that Paprec's larger scale and greater
diversification resulting from recent acquisitions have enhanced
its business risk profile.

The positive outlook reflects Moody's expectation that credit
metrics could strengthen further over the next 12-18 coming months,
as a result of (1) the favorable momentum driven by economic
fundamentals and stricter environmental regulations in France, (2)
a solid track record of commercial development despite fierce
competition; (3) the issuance of ORAs and their mandatory
conversion into shares; and (4) limited M&A operations expected in
line with the average spending over the last decade, excluding the
material investments completed in 2017 and 2021.

Consequently, Moody's estimates that there is a likelihood that the
company will achieve financial metrics commensurate with a Ba3
rating in due course. An upgrade to Ba3 would require a Moody's
adjusted gross debt/EBITDA ratio below 4.5x on a sustainable
basis.

Governance considerations are incorporated into today's rating
action. More particularly, the upgrade also captures the group's
change in financial policy following the arrival of two new major
shareholders, For Talents Transmission and Vauban Infrastructure
Partners (Vauban), in the capital structure. Paprec is now
committed to a leverage target of net debt not to exceed 3.5x
reported adjusted EBITDA. Moody's also considers positively the
group's continuous strategic focus on organic growth, albeit the
management does not rule out potential small to mid-size M&A
provided the 3.5x leverage threshold is not exceeded.

In 2021, Paprec exhibited a strong financial performance, as
evidenced by 49% EBITDA growth supported by (1) the rising price of
commodities, resulting from anticipated frictions in the
supply/demand balance; (2) Paprec's higher pricing of services
driven by limited supply for municipal and industrial waste
treatments; (3) substantial new commercial gains which generated
EUR130 supplemental revenue, or c. 7% of total sales in 2021,
equally split between public and private customers; and (4) the
inclusion of the newly acquired French waste-to-energy businesses.
This solid performance, supplemented with two capital increases
completed in 2021 for a total consideration of EUR176m,
significantly reduced the leverage of the company, reflected by the
decrease in the Moody's adjusted Debt/EBITDA ratio to 4.7x in 2021
from 6.0x in 2020.

Paprec has materially increased its scale, becoming the third
largest waste operator in France, with revenue of EUR1.9 billion in
2021 compared to EUR1.3 billion in 2020, and aims to reach EUR5
billion within the next ten years through organic and limited
external growth, including in Spain, leveraging its competence
outside its domestic market. The group also further diversified its
expertise into incineration in 2021, a segment of waste management
which it had not fully developed before. Paprec now has the full
range of waste treatments, including collecting, landfilling,
incinerating and recycling, giving more flexibility to decide how
to process the waste.

In March 2022, Vauban fully subscribed to a EUR150 million ORA.
This note will be mandatorily converted into shares in 2023, so
that the infrastructure fund will become a key shareholder
alongside the Petithuguenin Family and BPI France Participations.

Paprec's B1 rating continues to reflect (1) the group's strong
presence and diversification in waste treatments in its domestic
market as well as its well-spread network of collecting and
processing sites across France, which creates barriers to entry;
(2) the earnings diversification provided by the sound municipal
waste division since the acquisition of Coved in April 2017, as
well as the robust waste-to-energy activity, mainly contracted with
municipalities; (3) the underlying positive structural dynamics,
supported by stricter environmental regulations which will keep
favoring recycling or incineration of waste at the detriment of
landfilling; (4) the steady margins that the company is able to
achieve through protective indexation clauses in its waste
collection contracts, which limits the strain from volatile raw
material prices; and (5) the group's management's stated commitment
to their leverage target.

These factors are balanced by (1) the group's relatively high
leverage (defined as Moody's-adjusted gross debt/EBITDA); (2) its
dependence on the economic and regulatory environment in France,
representing over 90% of its sales in 2021; (3) the environmental
and reputational risks related to its landfill activities (around
6% of revenue), which are under increased regulatory scrutiny; and
(4) its exposure to fluctuations in volumes driven by the
prevalence of industrial customers (c. 80-85% of revenue).

STRUCTURAL CONSIDERATIONS

Paprec's B1 CFR is assigned at the holding company level. As of the
end of March 2022, Paprec's capital structure comprised EUR1,025
million of backed senior secured notes, a EUR114 million State
guaranteed loan and a EUR230 million super senior revolving credit
facility (RCF), all of which are issued/borrowed at the same
holding company level. Although the backed senior secured notes
rank pari passu with the RCF, the RCF has priority in case of
collateral enforcement. The B1 rating assigned to Paprec's backed
senior secured notes is in line with the company's CFR despite the
relative ranking of its senior secured notes as set out in the
intercreditor agreement, whereby the notes are contractually
subordinated to the RCF with respect to the collateral enforcement
proceeds, reflecting expected modest subordination.

The notes and the super senior RCF benefit from the same guarantor
package, including upstream guarantees from some of Paprec's
operating companies (excluding Coved), representing around 56% of
the company's EBITDA. Both the senior secured notes and the RCF are
secured, on a first-priority basis, by the same collateral,
essentially comprising pledges on stock, bank accounts and
intercompany receivables of a number of Paprec's operating
companies.

The capital structure is covenant-lite, with only a springing
covenant in the RCF protecting creditors, albeit with ample
capacity. This covenant is tested on a semi-annual basis only if
RCF outstandings are equal to or greater than 50% of the overall
commitment.

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

The ratings could be upgraded if leverage defined as Moody's
adjusted gross debt/EBITDA reduces below 4.5x on a sustainable
basis. In addition, Moody's would expect the group to maintain
positive free cash flow generation and an adequate liquidity
profile.

Paprec's ratings could be downgraded if leverage remains
sustainably above 5.5x; if free cash flow generation turns negative
over a prolonged period of time; or if its liquidity profile
weakens.

Headquartered in Paris, France, Paprec is a pure-play integrated
waste management company, which is mainly focused on the
collection, landfilling, incineration and recycling of nonhazardous
waste from private and municipal entities, mostly in France. In
2021, the group reported revenue of EUR1,892 million and EBITDA of
EUR370 million.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in April 2018.



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G E R M A N Y
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FINFISHER GROUP: Declares Bankruptcy, Halts Operations
------------------------------------------------------
Chiara Castro at TechRadar reports that a controversial
Munich-based spyware firm has declared bankruptcy and ceased its
business operations after having its accounts seized by German
authorities.

According to TechRadar, FinFisher Group, the company behind the
FinSpy "state Trojan" malware, is under investigation for helping
oppressive regimes around the world hack the phones and computers
of activists.

This comes amid a criminal complaint filed by the Gesellschaft fuer
Freiheitsrechte (GFF), Reporter without Borders (RSF Germany), the
blog netzpolitik.org and European Centre for Constitutional and
Human Rights (ECCHR) in March 2022, TechRadar notes.

"FinFisher is dead.  Its business with illegal exports of
surveillance software to repressive regimes has failed.  This is a
direct success of our criminal complaint," TechRadar quotes GFF
lawyer and case coordinator Sarah Lincoln as saying.

Despite evidence of the use of its products to target political
opponents, FinFisher has always claimed to provide these
governments with value-neutral surveillance technologies with the
scope of stopping terrorism and preserving national security,
TechRadar relates.


REVOCAR 2020: S&P Affirms 'BB- (sf)' Rating on Class D-Dfrd Notes
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'AAA (sf)', 'A (sf)', 'BBB (sf)',
and 'BB- (sf)' credit rating on Revocar 2020 UG
(Haftungsbeschraenkt)'s class A, B-Dfrd, C-Dfrd, and D-Dfrd notes,
respectively. At the same time, S&P removed the under criteria
observation (UCO) identifier from the ratings on the class C-Dfrd
and D-Dfrd notes, where S&P placed them following the publication
of its revised criteria for rating global ABS.

S&P said, "While our rating on the class A notes addresses the
timely payment of interest and the ultimate payment of principal,
our ratings on the class B-Dfrd to D-Dfrd notes address the
ultimate payment of principal and the ultimate payment of interest.
Furthermore, there is no compensation mechanism that would accrue
interest on deferred interest in this transaction.

"The affirmations follow our review of the transaction's
performance and the application of our current criteria, and
reflect our assessment of the payment structure according to the
transaction documents.

"We have also taken into account certain amendments to the
transaction documentation."

The main changes are:

-- A two-year extension of the revolving period;

-- The corresponding extension of the legal final maturity to June
2037 from June 2035;

-- The addition of early amortization events if the cumulative
loss ratios reach 0.9% from month 25 to months 36 after closing,
and 1.2% from month 37 to month 48 after closing; and

-- A reduction of the commingling reserve.

-- The transaction closed in June 2020 and revolved until now.

The revolving phase, which was originally scheduled to end in June
2022, will be extended by two years. Consequently, the maturity of
the notes will be postponed by two years to 2037 from 2035.

S&P said, "We have analyzed credit risk under our global auto ABS
criteria, using the transaction's historical gross loss data. In
our view, RevoCar 2020 has shown stable asset performance, with
cumulative gross losses generally performing better than our
assumptions at closing. As a result, we have decreased our
weighted-average base-case gross loss assumption to 2.55% from
2.65%. We also reduced our multiple to 4.8x from 4.9x at 'AAA'."

  Table 1

  Credit Assumptions

  PARAMETER                    CURRENT

  Gross loss base case (%)       2.55
  Gross loss multiple ('AAA')     4.8
  Gross loss multiple ('A')       2.8
  Gross loss multiple ('BBB')     1.9
  Gross loss multiple ('BB-')     1.6
  Recoveries base case (%)         40
  Recoveries haircut ('AAA') (%)   45
  Recoveries haircut ('A') (%)     35
  Recoveries haircut ('BBB') (%)   31
  Recoveries haircut ('BB-') (%)   23
  Stressed recovery rate ('AAA')   22
  Stressed recovery rate ('A')     26
  Stressed recovery rate ('BBB')   28
  Stressed recovery rate ('BB-')   31
  Balloon loss ('AAA') (%)        9.0
  Balloon loss ('A') (%)          4.7
  Balloon loss ('BBB') (%)        1.4
  Balloon loss ('BB-') (%)        N/A

N/A--Not available.


S&P said, "Our operational and legal analysis is unchanged since
closing. We consider that the transaction documents adequately
mitigate the transaction's exposure to counterparty risk through
the transaction bank account provider (The Bank of New York Mellon,
Frankfurt Branch) up to a 'AAA' rating.

"In our cash flow analysis, we also considered the reduction of the
funded commingling reserve amount, which has been decreased to 25%
from 60% of the scheduled interest and principal collections of the
succeeding month. We tested several sensitivities to address the
amortizing feature of the commingling reserve.

"Our analysis indicates that the available credit enhancement for
the class A, B-Dfrd, C-Dfrd, and D-Dfrd notes is sufficient to
withstand the credit and cash flow stresses that we apply at the
'AAA', 'A', 'BBB', and 'BB-' rating levels, respectively.

"Our analysis shows that the application of our revised auto ABS
criteria, does not affect the ratings of the notes, therefore we
removed the UCO from the C-Dfrd and D-Dfrd notes."

S&P Global Ratings acknowledges a high degree of uncertainty about
the extent, outcome, and consequences of the military conflict
between Russia and Ukraine. Irrespective of the duration of
military hostilities, sanctions and related political risks are
likely to remain in place for some time. The potential effects
could include dislocated commodities markets (notably for oil and
gas) supply chain disruptions, inflationary pressures, weaker
growth, and capital market volatility. As the situation evolves,
S&P will update its assumptions and estimates accordingly.

S&P does not expect the current inflationary economic environment
to increase the cost of the debt for the securitized borrowers
because the interest rate is fixed. However, borrowers could face
lower disposable incomes.

To account for the uncertainty related to the war and the pressure
on prices, S&P has kept a level of conservatism in its default base
case.


THYSSENKRUPP AG: Egan-Jones Hikes Senior Unsecured Ratings to B+
----------------------------------------------------------------
Egan-Jones Ratings Company, on March 16, 2022, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by thyssenkrupp AG to B+ from B.

Headquartered in Essen, Germany, thyssenkrupp AG manufactures
industrial components.




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

BANCA CARIGE: DBRS Puts 'B(low)' LT Issuer Rating Under Review
--------------------------------------------------------------
DBRS Ratings GmbH placed the ratings of Banca Carige S.p.A. (Carige
or the Bank) Under Review with Positive Implications, including the
Long-Term Issuer Rating of B (low) and the Short-Term Issuer Rating
of R-5. The Bank's Long-Term Deposits Rating is B, one notch above
the Intrinsic Assessment (IA), reflecting the legal framework in
place in Italy which has full depositor preference in bank
insolvency and resolution proceedings. The Bank's Long-Term
Critical Obligations Rating is B (high), two notches above the IA.
The Bank's IA is B (low), while the Support Assessment remains SA3.


KEY RATING CONSIDERATIONS

The review will focus on the impact on Carige's franchise and
credit fundamentals of the upcoming potential acquisition of Carige
by BPER Banca (BPER, unrated), which is expected to close by 30
June 2022, subject to the required regulatory approvals. The
acquisition would allow BPER to become the fourth largest banking
group in Italy, with total assets exceeding EUR 150 billion, and a
larger geographic footprint across the country, especially in the
regions of Liguria and Tuscany. DBRS Morningstar expects to
conclude the review when the transaction closes. The review with
positive implications reflects that the transaction should be
credit positive for Carige as a result of joining BPER's well
established and diversified franchise which is supported by a solid
credit profile.

On December 14, 2021, BPER submitted a non-binding offer to
Carige's main shareholders, Italy's Interbank Deposit Protection
Fund (FITD) and the Voluntary Intervention Scheme (VIS). This was
deemed not to comply with FITD's bylaws mainly due to the amount
requested by BPER to recapitalize Carige as a condition for the
deal. As a result, on January 9, 2022, BPER presented a new
non-binding offer upon which the FITD decided to grant BPER with a
due diligence exclusivity period of more than five weeks. Following
this, on February 14, 2022, BPER signed a binding agreement for the
acquisition of the approximately 80% of Carige held by the FITD and
VIS, and the subordinated bond issued by Carige in 2018 currently
worth EUR 5 million (nominal value), for a price of EUR 1. We note
that, prior to the closing, the deal envisages a capital
contribution of EUR 530 million, down from BPER's initial request
of EUR 1 billion, to be injected by the FITD into Carige with the
aim to cover integration costs, additional de-risking, and charges
arising from the early termination of some commercial and
operational agreements. After the closing, BPER would launch a
mandatory public purchase offer for Carige's remaining shares at a
price of EUR 0.80 per share.

The current B (low) Long-Term Issuer rating of Carige reflects the
significant deterioration which has occurred in its franchise in
Italy, as a result of past mismanagement issues. Due to these
issues, Carige has been in a restructuring phase for several years.
The rating also considers Carige's very poor albeit gradually
recovering profitability and its very weak capitalization despite
the recapitalization completed in late 2019. The ratings also
incorporate the significant progress Carige has made to reduce its
stock of non-performing loans (NPLs) in recent years as well as
improvements in the funding and liquidity profile.

If the acquisition does not go ahead and the Bank's stand-alone
status continues in the medium term, Carige will need to submit a
new strategic plan to the ECB, including a capital strengthening
plan, which should cover the period between June 2022 and end-2024.
The capital increase amount would need to ensure compliance with
the updated SREP minimum requirements of 8.83% and 13.75%
respectively for the CET1 and Total Capital ratios, starting from 1
March 2022. We note that the new requirements imply a Pillar 2
Requirement (P2R) of 3.25%, up from the previous 2.75%. However,
the requirements can be revised by the ECB depending on the
evolution of the ongoing business combination. As of end-2021,
Carige reported phased-in CET1 and Total Capital ratios of 10.9%
and 13.2% respectively (or 9.1% and 11.4% on a fully-loaded basis),
highlighting the shortfall on the Total Capital ratio. However, the
ECB's flexibility regime on capital ratios provides banks with the
option to operate below the Capital Conservation Buffer of 2.5%
until the end of 2022.

RATING DRIVERS

If the acquisition of Carige by BPER is completed, Carige's ratings
are likely to be upgraded to reflect the positive impact of
becoming part of a larger and stronger banking group.

If the acquisition does not go ahead as planned, the trend would
likely revert back to Stable. A downgrade would occur if the
acquisition fails and the Bank experiences a weakening in its
capital position. A material deterioration in the Bank's asset
quality and/or funding and liquidity profile would also contribute
to a downgrade.

Notes: All figures are in EUR unless otherwise noted.


ITALY: Egan-Jones Retains BB+ Senior Unsecured Ratings
------------------------------------------------------
Egan-Jones Ratings Company, on March 17, 2022, maintained its 'BB+'
foreign currency and local currency senior unsecured ratings on
debt issued by Republic of Italy.

Italy is a European country with a long Mediterranean coastline.



SHIBA BIDCO: S&P Assigns 'B' Long-Term ICR, Outlook Stable
----------------------------------------------------------
S&P Global Ratings assigned its 'B' long-term issuer credit rating
to Italian pet care retailer Shiba Bidco SpA (Arcaplanet) and its
'B' issue rating, with a '3' recovery rating, to the company's
EUR550 million senior secured notes.

S&P said, "The stable outlook reflects our expectations that the
combination of Arcaplanet and Maxi Zoo Italy will reinforce the
combined group's leading position in pet care retailing and
contribute to greater profitability, when planned synergies
translate into robust free operating cash flow (FOCF) after leases
of over EUR15 million to EUR20 million and an S&P Global
Ratings-adjusted debt to EBITDA of about 6.0x-6.5x in 2022 (pro
forma the full consolidation of Maxi Zoo Italy)."

The final ratings are in line with the preliminary ratings S&P
Global Ratings assigned in October 2021.

S&P said, "Our base-case assumptions remain in line with our
preliminary ratings. The Italian Competition Authority's approval,
in February 2022, of the merger of Arcaplanet and Maxi Zoo occurred
later than we had anticipated and with more conditions than
initially expected. Yet, none of these factors affect materially
the initial assumptions underpinning the 'B' rating that we
assigned. As per the conditions imposed by the Italian Competition
Authority, the merged group will have to dispose of 50-70 stores,
across both Arcaplanet and Maxi Zoo, and the integration process
will only occur after that process is finalized. However, we don't
expect that will meaningfully impact the business or our earnings
assumptions. We understand from the company that Arcaplanet and
Maxi Zoo's performance over 2021 was ahead of our expectations,
with revenue about 15% to 20% ahead of company guidance and our
forecast. Inflation expectations easily exceeded our forecast, but
we expect the company will be able to pass some of the increased
raw materials costs to customers, which should mitigate the impact
on margins."

The rating on Arcaplanet is constrained by high leverage at the
transaction's closing. On March 8, 2022, private equity fund Cinven
and German industrial group Fressnapf completed the acquisition of
Arcaplanet from private equity funds Permira and Winch Capital
Partners. Cinven owns 66% of Arcaplanet, Fressnapf owns 33% (after
accounting for the Maxi Zoo asset contribution), and Arcaplanet's
management retained 1%. To support the transaction, Arcaplanet's
holdco, Shiba Bidco Spa, issued EUR550 million senior secured notes
to finance Arcaplanet's acquisition and complete the Maxi Zoo deal.
The holdco also issued an EUR80 million RCF, of which EUR15 million
was drawn at the completion of the deal. S&P said, "We note that
the documentation underlying the financial instruments is
particularly permissive, given the absence of financial covenants
in the RCF and the generous permitted debt basket in the offering
memorandum. We view the Maxi Zoo acquisition as transformative for
Arcaplanet, leading to a significant increase in its S&P Global
Ratings-adjusted leverage to 6.0x-6.5x (pro forma the full
consolidation of Maxi Zoo) in 2022, from our estimate of 3.5x in
2020 for Arcaplanet on a stand-alone basis. We estimate total
adjusted debt of about EUR745 million, including EUR195 million of
lease liabilities. Equally, the group's unadjusted gross financial
leverage will reach about 7.5x, reflecting its aggressive financial
strategy at closing. That calculation incorporates our adjustments
to EBITDA, including the one-off costs associated with the Maxi Zoo
acquisition and integration."

S&P said, "The rating is underpinned by good cash flow generation,
a solid EBITDAR ratio, and our expectation that Arcaplanet will
focus on deleveraging, through a conservative financial policy.
Despite the high unadjusted gross leverage at closing, we expect
FOCF generation to support the rating level, thanks to a
structurally near-zero working capital profile, characterized by no
seasonality, and discretionary capital expenditure (capex) of about
EUR30 million-EUR35 million per year. We project reported FOCF
after finance leases of about EUR15 million-EUR20 million in 2022.
The cash flow generation will be primarily dictated by the high
capex needed to complete construction of the dry food factory and
expected restructuring costs incurred to integrate Maxi Zoo's
operations. At the same time, we project the EBITDAR coverage ratio
will remain stable, at about 2x, supporting good cash flow. The
shareholder agreement between Cinven and Fressnapf demands
Fressnapf's approval for, among others, any additional borrowings
that exceeds the leverage ratio at transaction close, corresponding
to 6.5x in S&P Global Ratings-adjusted terms. It also limits any
dividend distributions and debt-funded acquisitions, compensating
somewhat for the high starting leverage. We expect Cinven to adhere
to this conservative financial policy over the forecast period."

The acquisition of Maxi Zoo Italy reinforces Arcaplanet's leading
position in the Italian pet care retail market, with revenue of
more than EUR460 million (pro-forma 2020) The scale of the combined
business compares favorably with that of other Italian pet care
retailers, such as the second largest player Isola dei Tesori,
which generated 2020 revenue of about EUR140 million. Both
Arcaplanet and Maxi Zoo have shown steady, double-digit topline
growth over the past three years and performed well during the
pandemic. Pet care stores were deemed essential retailers by the
Italian government and allowed to remain open throughout various
COVID-19 lockdowns. As a result, store footfall suffered less than
that of other specialty retailers, and reduced traffic was
compensated by an increase in e-commerce sales.

Changing attitudes toward pets and premiumization trends will
support double-digit revenue growth. The steady growth of the
Italian pet care market over the past five years has been driven by
a shift toward higher-value products, primarily due to changing
attitudes toward pets that has led to an increased willingness to
spend to improve their living conditions. Customers now look for
pet food based on their pet's age, size, breed, and lifestyle, and
spend more on a diverse range of other products and services. This
premiumization trend is well embedded in Arcaplanet's value
offering of exclusive brands, which range from specialist to mass
market. Arcaplanet derives about 45% of revenue from the sale of
exclusive brands, and Maxi Zoo about 50%. S&P believes a similar or
higher share will be secured once the combination of the two
companies is completed.

Arcaplanet's integrated business model and brand awareness drive
above-average EBITDA margins. S&P said, "We expect Arcaplanet to
continue benefitting from a high S&P Global Ratings-adjusted EBITDA
margin of about 20%-22%. This is higher than that of larger pet
care retailers and other specialty retailers operating in other
geographies and markets. Arcaplanet derives about 80% of its
earnings from food products, which makes it akin to a specialized
food retailer, with limited seasonality in earnings. Its
profitability is much higher than traditional food retailers and
compares well to other publicly rated specialized food retailers,
such as Picard SAS or Euro Ethnic Food. Profitability is supported
by the high level of contribution of exclusive brands in revenue
and gross margins. In our view, the exclusive brand positioning has
been instrumental to building a strong image of quality pet food
and drives customer loyalty, while enabling strong cost control.
Moreover, we assess that demand for specialized and premium brands
is inelastic, because price is coupled to quality as a result of
the premiumization trends in the pet care market. We expect
profitability to improve once the dry food factory becomes
operational in early 2023. The future vertically-integrated
business model should give Arcaplanet greater control over the
quality of its products and improve EBITDA margins."

The small scale of Arcaplanet's operations and a lack of
geographical diversification constrain the rating. Arcaplanet's
leading position in pet care retail could be challenged by
increased penetration from pure play rivals in the Italian market,
such as Zooplus, and by Amazon. It could also face disruption from
traditional mass retailers, if they improve the quality of their
private label pet food. The company's limited scale makes it
vulnerable to aggressive strategies in the pet care market from
these competitors. S&P said, "That said, we do not forecast
imminent increased penetration from rivals, due to logistical
limits in handling fresh pet food. Moreover, we believe
Arcaplanet's supply chain and expertise will help the company
navigate changes in the competitive landscape in the medium-to-long
term. Our rating is also constrained by Arcaplanet's geographical
concentration in Italy, which accounts for 100% of revenue and
EBITDA. We view this as a weakness compared to more diversified pet
care and specialist retailers. Nevertheless, the Italian pet care
retail market is growing, particularly compared to more mature
markets such as the U.S. and the U.K., and it benefitted from
significant tailwinds during the pandemic. More than 80% of pet
owners increased spending on pet food and products during the
pandemic and, leading the market to expand by 4.6% in 2020."

Execution risks are partly mitigated by Arcaplanet's record of
previous acquisitions. S&P said, "We note that the group has
executed business integrations before, including smaller deals such
as Fortesan and Zoo Market, and that acquisitions are a fundamental
part of its strategy to increase market share. The transformational
acquisition of Maxi Zoo is Arcaplanet's largest deal so far. We
cannot rule out implementation risk, given the size of the
acquisition and the length of the integration project. Therefore,
we are taking a more conservative view on synergies identified by
the group. Arcaplanet aims to achieve about EUR20 million of
synergies over 2022-2023. The majority will be cost synergies,
including cost-optimization initiatives such as the integration of
information technology infrastructure, headcount reduction, and the
removal of duplicate functions. We expect limited improvement from
the increased penetration of exclusive brands, since we believe
Arcaplanet will discontinue Maxi Zoo's private labels."

S&P said, "The stable outlook reflects our expectations that
Arcaplanet will acquire Maxi Zoo Italy, achieve synergies within
the planned budget, complete its new production facility and
continue to materially increase its sales and EBITDA, ultimately
benefitting from a solid market position in the pet care retailing
industry. We forecast S&P Global Ratings-adjusted leverage at
6.0x-6.5x and positive FOCF after leases in excess of EUR15
million-EUR20 million in 2022, before a significant improvement in
credit metrics thanks to the realization of synergies and EBITDA
growth.

"Our deleveraging expectation is underpinned by the agreement
between the shareholders, which includes a maximum leverage target
and restricts dividend distributions and debt-funded
acquisitions."

S&P could lower its rating over the next 12 months if Arcaplanet
underperforms our base case and its operating performance weakens.
This could happen due to:

-- Integration challenges, such as delays in achieving synergies
and higher-than-anticipated integration costs;

-- Weaker macroeconomic conditions, due to a more prolonged and
severe impact from the pandemic; or

-- Increased competition that erodes Arcaplanet's market position,
coming in particular from online pure players and traditional mass
retailers.

This would translate into S&P Global Ratings-adjusted leverage
increasing above 6.5x and negative FOCF by year-end 2022. S&P could
also lower the ratings if the company undertakes debt-funded
acquisitions or dividend distributions, resulting in elevated
leverage ratios (both adjusted and unadjusted) or a weaker
liquidity position.

Although an upgrade is remote over the next 12 months, S&P could
raise its rating if Arcaplanet outperforms its current base case by
integrating Maxi Zoo Italy faster than expected, delivering
synergies, and increasing its EBITDA and FOCF, such that S&P Global
Ratings-adjusted debt to EBITDA declines below 5x and FOCF to debt
increases beyond 8% on a sustainable basis.

Any upgrade would be dependent on a clear commitment not to
releverage the business to current 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 Shiba Bidco SpA. This the case for most
rated entities owned by private-equity sponsors. We believe the
company's highly leveraged financial risk profile points to
corporate decision-making that prioritizes the interests of the
controlling owners. This also reflects the generally finite holding
periods and a focus on maximizing shareholder returns."




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

AMSTERDAM TRADE: Declared Bankrupt by Dutch Court
-------------------------------------------------
Radio Free Europe reports that a Dutch court has declared the
Russian-owned Amsterdam Trade Bank (ATB) bankrupt after it was
caught up in sanctions related to Moscow's invasion of Ukraine.

Amsterdam's district court issued the ruling on the bank, which is
a subsidiary of Russia's Alfa Bank, in a decision confirmed on
April 22 by the Dutch central bank, RFE relates.

The bank, founded in 1994, had around 23,000 customers, most of
whom are Dutch, but 6,000 are German, the Dutch central bank said
in a statement on its website.

The statement said ATB depositors would be covered up to EUR100,000
(US$108,000) each under the Netherlands' deposit guarantee system,
RFE notes.

One of the bank's largest owners is Mikhail Fridman, the
Russian-Israeli billionaire who is contesting Western sanctions
imposed on him following Russia's invasion of Ukraine, RFE relays,
citing filings at the Dutch Chamber of Commerce.

Alfa Bank, Russia's top private lender, is subject to U.S.
sanctions imposed on April 6, which froze all its assets linked to
the U.S. financial system, RFE discloses.  It is also subject to
British sanctions, RFE notes.

Alfa Bank has not been targeted by the European Union, and
Amsterdam Trade Bank itself had not been sanctioned, according to
RFE.

In a statement on its website, ATB confirmed that it had requested
bankruptcy. The bank said that U.S. and British sanctions had
"caused operational difficulties, as the majority of ATB's
counterparties, including corresponding banks . . . find it
difficult to continue supporting ATB", RFE relates.


NXP SEMICONDUCTORS: Egan-Jones Hikes Sr. Unsecured Ratings to BB+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on March 7, 2022, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by NXP Semiconductors NV to BB+ from BB-.

Headquartered in Eindhoven, Netherlands, NXP Semiconductors NV
operates as a global semiconductor company.




===============
P O R T U G A L
===============

TRANSPORTES AEREOS: S&P Ups ICR to B+ on Eased Liquidity Pressure
-----------------------------------------------------------------
S&P Global Ratings raised its long-term issuer credit rating on
Portugal-owned airline Transportes Aereos Portugueses S.A. (TAP)
to 'B+' from 'B-' and its issue rating on the unsecured debt to
'B+' from 'B-', based on the unchanged recovery rating of '4'. At
the same time, S&P withdrew its long-term issuer credit rating on
TAP's former parent Transportes Aereos Portugueses, SGPS, S.A.,
since it does not hold any interest in the airline.

The stable outlook reflects S&P's expectation that TAP's ratio of
liquidity sources to uses will remain above 1.2x in 2022, with the
Portuguese government willing and able to provide timely and
sufficient support if needed.

The state-aid approved by the EC boosted TAP's liquidity. It was
provided under EU guidelines on rescue and restructuring aid and
includes the conversion of a EUR1.2 billion state loan into equity,
as well as other equity measures of EUR1.35 billion. In addition,
the EC approved EUR107 million of compensation for COVID-19-related
losses incurred in second-half 2020. Approved state-aid implemented
so far includes a debt-to-equity swap and a series of capital
increases totaling about EUR542 million. The latter significantly
increased TAP's cash on hand to EUR813 million at Dec. 31, 2021,
from EUR398 million at Sept. 30, 2021. At the same time, S&P's
understand that about EUR1 billion of state-aid equity measures are
still outstanding.

S&P said, "We expect TAP's passenger demand to reach about 75% of
2019 levels in 2022, as measured by revenue-passenger-kilometers
(RPK). This is above the 50%-65% average we expect for the European
airline industry in general. We also believe that TAP should over
proportionally benefit from its focus on long-haul destinations
such as Brazil, North America, and Portuguese speaking Africa, for
which there is significant pent-up demand, as well as Portugal's
position as a popular leisure travel destination. That said, full
air traffic recovery depends on health conditions. Even though we
don't expect governments to resort to widespread lockdowns again,
the emergence of a new rapidly spreading COVID-19 variant could
cast a shadow over the revival of ticket sales. In addition, rising
interest rates as well as cost of living, linked to high energy
prices, could dampen demand for air travel. Furthermore, there is a
risk that an escalation of tensions related to the Russia-Ukraine
conflict could hamper consumer confidence and propensity to travel.
Therefore, the way forward is prone to uncertainties.

"We expect EBITDA to recover in 2022 but remain significantly below
2019 levels. Although we acknowledge TAP's progress in streamlining
its cost base, we expect elevated fuel prices will weigh on its
profitability this year. We understand that TAP's 2022 hedging
strategy is cautious, with 49% of expected jet fuel consumption
hedged in the first and second quarters and only 39% and 14% in the
third and fourth quarters as of April 11, 2022. At the same time,
it is uncertain if the airline can pass on increased fuel costs to
passengers in a full and timely manner. Depending on demand and
competition, TAP may also be at disadvantage to some of its
European peers, which have secured hedges for the higher proportion
of their anticipated fuel usage. In addition, we expect
nonfuel-related inflationary pressure (air traffic charges, among
others).

"TAP's cash burn in 2022 and high debt burden limit the SACP to
'b-'. We forecast that TAP's FOCF after lease payments, albeit
improving, will stay negative in 2022 and 2023, consuming cash on
hand and limiting deleveraging prospects in the medium term.
According to our base case, adjusted debt will remain elevated at
EUR3.7 billion at year-end 2022, positioning the financial risk
profile assessment at the lower end of our highly leveraged
category. Under our current base case, we assume adjusted debt to
EBITDA might start decreasing to close to 10x in 2023 thanks to air
passenger traffic recovery feeding into EBITDA improvement. We do
not deduct cash for our adjusted debt calculation (if cash were
deducted the ratio would be 6x, according to our base case).

"In our view, the outstanding restructuring aid will likely be
obtained in 2022. Although we do not factor it in our liquidity
assessment until completed, we view TAP's sole shareholder, the
Portuguese government, as almost certain to approve the aid,
considering the political aspects. According to the company, the
outstanding restructuring aid is part of the state budget expected
to be approved this summer. The corresponding cash inflow is
expected before year-end 2022. This should then cover TAP's
financial debt maturities and capital requirements until the
airline's operational recovery unfolds during 2022 and 2023.

"We see a moderately high likelihood that the Portuguese government
would provide extraordinary support to TAP in case of need.As a
result, we apply two notches of uplift from the SACP. Our view is
underpinned by the track record of state aid to date, and the
airline's importance to the government. We understand that the
government views the airline as a strategic asset that is important
to economic development and tourism. TAP Air Portugal is one of the
largest employers in the country and is the largest exporter of
domestic services. Furthermore, the airline provides reasonable air
connectivity to major trade partners' cities (apart from Spain),
given the peripheral location of Portugal in Europe, which would
otherwise be less efficiently accessible by alternative modes of
transport.

"The stable outlook reflects our expectation that TAP's ratio of
liquidity sources to uses will remain above 1.2x over the next 12
months, with the Portuguese government willing and able to provide
timely and sufficient support if needed.

"We could lower the rating by one or multiple notches if it appears
that the EBITDA recovery is dragging on or is weaker than expected,
accelerating cash burn, and this is not offset by timely and
sufficient financial support from the Portuguese government.

"We could also lower the rating if we believe that the likelihood
of government support has weakened or if we lower our sovereign
rating on Portugal to the noninvestment-grade category.

"We consider an upgrade unlikely in the near term. In the longer
term, we could upgrade TAP if its S&P Global Ratings-adjusted funds
from operations (FFO) to debt improves above 6% and FOCF after
leases nears break-even.

"If we raise our rating on Portugal, it would not automatically
lead to an upgrade of TAP."

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

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

-- Health and safety




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

PEPPER IBERIA 2022: S&P Assigns Prelim BB+ (sf) Rating to E Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its preliminary credit ratings to
Pepper Iberia Unsecured 2022 DAC's asset-backed floating-rate class
A, B-Dfrd, C-Dfrd, D-Dfrd, and E-Dfrd notes. At closing, Pepper
Iberia will also issue unrated class J notes. The class J notes
will be partially backed by assets (approximately 3.5% of the
closing pool) and the proceeds of this class will fund (i) part of
the purchase of the initial portfolio; (ii) the reserve; (iii) the
upfront premium due under the cap agreement; and (iv) issuer costs
and expenses.

This will be Pepper Iberia's second ABS transaction in Spain. S&P
rated its first transaction issued in 2019, Pepper Iberia Unsecured
2019 DAC.

The underlying collateral comprises consumer loan receivables that
are either point-of-sale (POS) or personal loans (PIL) granted to
obligors in Spain. All the loans reference a fixed interest rate.

The transaction has a 24-month revolving period, subject to early
amortization upon the occurrence of certain events, including
performance-based tests. The transaction also features a
pre-funding reserve ledger, which the issuer fund using a portion
of the notes' proceeds. The issuer will use these funds to purchase
additional assets during the revolving period once all principal
funds have been used.

A combination of excess spread, subordination, and the cash reserve
fund provides credit enhancement.

The notes pay one-month Euro Interbank Offered Rate (EURIBOR) plus
a margin subject to a floor of zero.

The transaction benefits from an interest rate cap on one-month
EURIBOR, with a strike rate of 3.0% based on a predefined schedule.
This predefined schedule incorporates a 20% constant payment rate
assumption that may not perfectly hedge the transaction in a low
prepayment scenario.

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 20% of the initial principal balance, the
seller may repurchase all receivables, provided the issuer has
sufficient funds to meet all the outstanding obligations.

S&P said, "Our preliminary ratings address the timely payment of
interest and ultimate payment of principal on the class A notes and
the ultimate payment of interest and principal on the class B-Dfrd,
C-Dfrd, D-Dfrd, and E-Dfrd notes. Once the notes become the most
senior outstanding, interest payments are due immediately.

"Our preliminary ratings in this transaction are not constrained by
our structured finance sovereign risk criteria or our counterparty
criteria. We expect the final documentation and the presented
remedy provisions at closing to adequately mitigate counterparty
risk in line with our counterparty criteria."

  Preliminary Ratings

  CLASS     PRELIMINARY    CLASS SIZE (%)
            RATING*
  A          AAA (sf)         77.0

  B-Dfrd     AA (sf)           7.0

  C-Dfrd     A- (sf)           6.0

  D-Dfrd     BBB (sf)          4.5

  E-Dfrd     BB+ (sf)          2.0

  J§         NR                6.9

*S&P's preliminary ratings address timely payment of interest and
ultimate payment of principal on the class A notes and ultimate
payment of interest and principal on the class B-Dfrd, C-Dfrd,
D-Dfrd, and E-Dfrd notes.
§The reserve is funded through part of the proceeds of the class
J notes. The class J notes are partially backed by approximately
3.5% of the closing portfolio.
TBD--To be determined.
Dfrd--Deferrable.
NR--Not rated.

REPSOL SA: Egan-Jones Hikes Senior Unsecured Ratings to BB+
-----------------------------------------------------------
Egan-Jones Ratings Company, on March 18, 2022, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Repsol S.A. to BB+ from BB-.

Headquartered in Madrid, Spain, Repsol S.A., through subsidiaries,
explores for and produces crude oil and natural gas, refines
petroleum, and transports petroleum products and liquefied
petroleum gas (LPG).


SANTANDER CONSUMO 4: DBRS Confirms BB(low) Rating on E Notes
------------------------------------------------------------
DBRS Ratings GmbH confirmed its ratings on the following series of
notes (collectively, the Rated Notes) issued by FT Santander
Consumo 4 (the Issuer):

-- Series A Notes at AA (sf)
-- Series B Notes at A (high) (sf)
-- Series C Notes at A (low) (sf)
-- Series D Notes at BBB (low) (sf)
-- Series E Notes at BB (low) (sf)

DBRS Morningstar does not rate the Series F notes issued in this
transaction.

The rating on the Series A Notes addresses the timely payment of
interest and the ultimate payment of principal on or before the
legal final maturity date. The ratings on the Series B Notes,
Series C Notes, Series D Notes, and Series E Notes address the
ultimate payment of interest and the ultimate payment of principal
on or before the legal final maturity date in June 2038.

The confirmations follow an annual review of the transaction and
are based on the following analytical considerations:

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

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

-- No revolving termination event has occurred;

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

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

The transaction is a securitization collateralized by receivables
related to consumer loans granted by Banco Santander, S.A. (the
originator) to private individuals residing in Spain. The
originator also services the portfolio. The transaction closed in
February 2021 and includes a 13-month revolving period scheduled to
end in March 2022 payment date (included).

PORTFOLIO PERFORMANCE

As of December 2021, loans that were one to two months and two to
three months in arrears represented 0.1% and 0.2% of the
outstanding portfolio balance, respectively, while loans more than
three months delinquent represented 0.5%. The gross cumulative
defaults amounted to 0.4% of the aggregate initial portfolio
balance, with no recoveries to date.

PORTFOLIO ASSUMPTIONS AND KEY DRIVERS

DBRS Morningstar maintained its base case PD and LGD assumptions at
6.1% and 78.4%, respectively, based on a worst-case portfolio
composition as permitted by the concentration limits applicable
during the revolving period.

CREDIT ENHANCEMENT

The subordination of the respective junior obligations provides
credit enhancement to the Rated Notes. As of the December 2021
payment date, credit enhancement to the Series A, Series B, Series
C, Series D, and Series E Notes was 15.8%, 8.8%, 6.0%, 2.9%, and
0.0%, respectively. The credit enhancement levels have remained
unchanged since the DBRS Morningstar initial rating as the
transaction is still in the revolving period. The repayment of the
Rated Notes will start after the end of the revolving period on the
first principal payment date in June 2022 on a pro rata basis
unless certain events such as breach of performance triggers,
insolvency of the servicer, or termination of the servicer occur.
Under these circumstances, the principal repayment of the Rated
Notes will become fully sequential, and the switch is not
reversible.

The transaction benefits from an amortizing cash reserve funded
through the subscription proceeds of the Series F Notes, which
represents 2.0% of the Rated Notes. The cash reserve can be used to
cover senior costs and interest on the Series A Notes, Series B
Notes, Series C Notes, Series D Notes, and Series E Notes. The cash
reserve is currently at its targeted amount of EUR 30.0 million.

Banco Santander SA (Banco Santander) acts as the account bank for
the transaction. Based on the DBRS Morningstar rating of Banco
Santander at A (high), one notch below the DBRS Morningstar public
Long-Term Critical Obligations Rating (COR) of Banco Santander at
AA (low), the downgrade provisions outlined in the transaction's
documents, and other mitigating factors inherent in the
transaction's structure, DBRS Morningstar considers the risk
arising from the exposure to the account bank to be consistent with
the ratings assigned to the notes, as described in DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.

An interest rate swap is in place to hedge fixed-floating interest
rate risk, with Banco Santander acting as the swap counterparty.
Based on its COR and the collateral posting provisions included in
the documentation, DBRS Morningstar considers the risk arising from
the swap counterparty to be consistent with the ratings assigned to
the notes, in accordance with the “Derivative Criteria for
European Structured Finance Transactions” methodology.

DBRS Morningstar analyzed the transaction structure in Intex
DealMaker.

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

Notes: All figures are in euros unless otherwise noted.



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

[] UKRAINE: Needs US$7 Bil. Every Month to Keep Functioning
-----------------------------------------------------------
BBC News reports that Ukraine's president has told the world's
finance ministers his country needs US$7 billion (GBP5.4 billion)
every month until the summer to keep functioning.

According to BBC, Volodymyr Zelensky also said "we will need
hundreds of billions of dollars to rebuild all this later".

He was addressing an International Monetary Fund (IMF) and World
Bank conference via video link from Kyiv.

The World Bank has estimated that about US$60 billion of physical
damage has so far been inflicted on Ukraine, BBC discloses.

Mr. Zelensky also said the global community needed to exclude
Russia immediately from international financial institutions,
including the World Bank, IMF and others, BBC notes.

According to BBC, asked whether the IMF would be able to secure the
immediate funding that Ukraine needs, the organisation's managing
director Kristalina Georgieva told BBC economics editor Faisal
Islam: "We found it for the first and second month.

"We believe that over time this amount is going to go down as the
Ukrainian economy in the parts of the country that are not under
occupation picks up, and as remittances from those who now work
somewhere else start flowing."

Meanwhile, US Treasury Secretary Janet Yellen said Russia should be
made to pay some of the cost of rebuilding Ukraine after the war,
BBC relates.

It came as some nations have called for seized Russian assets to be
used to fund the country's reconstruction, BBC notes.

However, Ms. Yellen cautioned that using seized Russian central
bank reserves in the US to rebuild Ukraine would be a "significant
step" that would need discussions and agreement with international
partners, BBC discloses.

Ukrainian Prime Minister Denys Shmyhal, who attended the conference
in person, said the country's economic output could decline by as
much as 50%, with direct and indirect losses so far totalling
US$560 billion, BBC relates.

That figure is more than three times the size of Ukraine's gross
domestic product (GDP), which stood at US$155.5 billion in 2020,
according to the World Bank, BBC notes.




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

ATLAS FUNDING 2022-1: Moody's Gives (P)B1 Rating to Class X2 Notes
------------------------------------------------------------------
Moody's Investors Service has assigned provisional ratings to Notes
to be issued by Atlas Funding 2022-1 PLC:

GBP []M Class A Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)Aaa (sf)

GBP []M Class B Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)Aa2 (sf)

GBP []M Class C Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)Aa3 (sf)

GBP []M Class D Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)A2 (sf)

GBP []M Class E Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)Baa2 (sf)

GBP []M Class X1 Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)Ba2 (sf)

GBP []M Class X2 Mortgage Backed Floating Rate Notes due February
2060, Assigned (P)B1 (sf)

GBP []M Class Z1 Mortgage Backed Fixed Rate Notes due February
2060, Assigned (P)Caa3 (sf)

Moody's has not assigned a rating to the subordinated GBP []M Class
Z2 Mortgage Backed Fixed Rate Notes due February 2060.

RATINGS RATIONALE

The Notes are backed by a pool of Buy-to-Let (BTL) mortgage loans
originated by Lendco Limited. This represents the second issuance
under the Atlas label for Lendco Limited. The transaction may
include pre-funding up to a maximum of GBP60 million, with all new
assets being added to the pool, prior to the first interest payment
date.

The portfolio of assets amount to approximately GBP 306 million as
of January 31, 2022 pool cutoff date. The Liquidity Reserve Fund
will be funded to 1.5% of the Classes A-E note balances at closing
and the total credit enhancement for the Class A Notes will be
16.5%.

The ratings are primarily based on the credit quality of the
portfolio, the structural features of the transaction and its legal
integrity.

According to Moody's, the transaction benefits from various credit
strengths such as a granular portfolio, an amortising liquidity
reserve sized at 1.5% of the Class A-E Note balances and a
fixed-floating swap. However, Moody's notes that the transaction
features some credit weaknesses such as an unrated servicer. This
weakness is mitigated by the inclusion of BCMGlobal Mortgage
Services Limited ("BCMGlobal") as a back-up servicer, who can
continue to service the mortgages given a 60-day notice period.
BCMGlobal also have prior experience servicing Lendco Limited's
mortgage book.

Moody's determined the portfolio lifetime expected loss of 2.0% and
Aaa MILAN credit enhancement ("MILAN CE") of 16.0% related to
borrower receivables. The expected loss captures Moody's
expectations of performance considering the current economic
outlook, while the MILAN CE captures the loss Moody's expect the
portfolio to suffer in the event of a severe recession scenario.
Expected defaults and MILAN CE 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
the ABSROM cash flow model to rate RMBS.

Portfolio expected loss of 2.0%: This is higher than the UK BTL
RMBS sector and is based on Moody's assessment of the lifetime loss
expectation for the pool taking into account: (i) the collateral
performance of Lendco Limited's originated loans to date, as
provided by the originator and observed in previously securitised
portfolios; (ii) the borrower and regional concentration, which is
higher than the average BTL UK RMBS transaction and (iii) the
current macroeconomic environment in the United Kingdom and the
impact of future interest rate rises on the performance of the
mortgage loans.

MILAN CE of 16.0%: This is higher than the United Kingdom BTL RMBS
sector average and follows Moody's assessment of the loan-by-loan
information taking into account the following key drivers: (i) the
borrower and regional concentration, which is higher than the
average BTL UK RMBS transaction; (ii) limited seasoning of the
loans; and (iii) the weighted average current loan to value of
70.3% which is slightly higher than in comparable transactions.

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
February 2022.

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

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

Factors that would lead to an upgrade of the ratings include: (i)
significantly better than expected performance of the pool; or (ii)
a deleveraging of the capital structure.

Factors that would lead to a downgrade of the ratings include: (i)
increased counterparty risk leading to potential operational risk
of servicing interruptions; or (ii) economic conditions being worse
than forecast resulting in higher arrears and losses.

ATLAS FUNDING 2022-1: S&P Assigns B- (sf) Rating to X2-Dfrd Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its preliminary credit ratings to Atlas
Funding 2022-1 PLC's mortgage-backed notes.

At closing, the issuer will prefund the acquisition of an
additional portfolio of up to GBP60 million that may be purchased
before and up to the first interest payment date (IPD).

The loans in the pool were originated between 2018 and 2022 by
Lendco Ltd., a non-bank specialist lender.

The collateral comprises loans granted to experienced portfolio
landlords and professional residential property investors, none of
whom have had a county court judgement in the two years before
origination.

The transaction benefits from liquidity support provided by a
liquidity reserve fund that can be used to pay senior fees, hedging
related costs, and interest on the class A notes.

Credit enhancement for the rated notes will consist of
subordination and excess spread from the closing date.

The transaction incorporates a swap to hedge the mismatch between
the notes, which pay a coupon based on compounded daily Sterling
Over Night Index Average (SONIA), and the loans, which pay a fixed
rate of interest until they revert to three-month term SONIA-based
floating rate (the expected average SONIA rate over a three-month
period).

At closing, Atlas Funding 2022-1 will use the notes' proceeds to
purchase and accept the assignment of the Lendco's rights against
the borrowers in the closing portfolio and subsequently (within the
first IPD period) to purchase any additional portfolio. The
noteholders will benefit from the security granted in favor of the
security trustee, BNY Mellon Corporate Trustee Services Ltd.

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

  Preliminary Ratings

  CLASS    PRELIM. RATING*   CLASS SIZE (%)

  A          AAA (sf)          85.00
  B-Dfrd     AA (sf)            7.00
  C-Dfrd     A (sf)             4.00
  D-Dfrd     BBB (sf)           2.50
  E-Dfrd     BB (sf)            1.25
  Z1-Dfrd    CCC (sf)           0.25
  X1-Dfrd    BB (sf)            1.49
  X2-Dfrd    B- (sf)            2.00
  Z2         NR                 1.49

*S&P's preliminary ratings address timely receipt of interest and
ultimate repayment of principal on the class A notes, and the
ultimate payment of interest and principal on all the other rated
notes. S&P's preliminary ratings also address timely receipt of
interest on all the rated notes other than class A notes when they
become the most senior outstanding note.
NR--Not rated.


GENESIS MORTGAGE 2022-1: S&P Assigns Prelim 'B-' Rating to X Notes
------------------------------------------------------------------
S&P Global Ratings assigned preliminary ratings to Genesis Mortgage
Funding 2022-1 PLC's class A to X-Dfrd notes. At closing, the
issuer will also issue unrated class F notes and certificates.

Genesis Mortgage Funding 2022-1 is an RMBS transaction that
securitizes a portfolio of owner-occupied and buy-to-let (BTL)
mortgage loans that are secured over properties in the U.K.

The loans in the pool were originated between 2018 and 2022 by
Bluestone Mortgages Ltd., a nonbank specialist lender. This is the
second RMBS transaction originated by Bluestone Mortgages in the
U.K. that we have rated. The first one was Genesis Mortgage Funding
2019-1 PLC.

The collateral comprises complex income borrowers, borrowers with
immature credit profiles, and borrowers with credit impairments,
and there is a high exposure to self-employed borrowers and
first-time buyers. Approximately 4.4% of the pool comprises BTL
loans and the remaining 95.6% are owner-occupier loans.

The transaction includes a prefunded amount where the issuer can
purchase additional loans until the first interest payment date,
subject to the eligibility criteria outlined in the transaction
documentation.

The transaction benefits from a fully funded general reserve fund,
and principal can be used to pay senior fees and expenses, senior
swap payments, and interest on the most senior class of notes
outstanding. A further liquidity reserve can be funded from within
the transaction to support the payment of senior fees and expenses,
senior swap payments, and interest on the class A notes.

The transaction incorporates a balance-guaranteed swap to hedge the
mismatch between the notes, which pay a coupon based on the
compounded daily Sterling Overnight Index Average Rate (SONIA), and
the loans, 88% of which currently pay an initial fixed-rate of
interest before reversion.

At closing, the issuer will use the issuance proceeds to purchase
the full beneficial interest in the mortgage loans from the seller.
The issuer grants security over all of its assets in the security
trustee's favor.

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

Bluestone Mortgages is the servicer in this transaction.

Of the pool, 14.1% has had a prior payment holiday related to
COVID-19.

S&P said, "We expect U.K. inflation to reach 6.3% in 2022. Although
high inflation is overall credit negative for all borrowers,
inevitably some borrowers will be more negatively affected than
others, and to the extent inflationary pressures materialize more
quickly or more severely than currently expected, risks may emerge.
We consider the borrowers in the transaction to be nonconforming
and as such will generally have lower resilience to inflationary
pressures than prime borrowers. Borrowers in this transaction are
largely paying a fixed rate of interest on average until 2024. As a
result, in the short to medium term, they are protected from rate
rises but will feel the effect of rising cost of living pressures.
We have considered these risks in our loan characteristic and
originator adjustments.

"Our credit and cash flow analysis and related assumptions consider
the transaction's ability to withstand the potential repercussions
of the COVID-19 outbreak, namely higher defaults and longer
recovery timing. Considering these factors, we believe that the
available credit enhancement is commensurate with the preliminary
ratings assigned."

  Preliminary Ratings

  CLASS    PRELIMINARY RATING*   CLASS SIZE (%)

  A           AAA (sf)             85.00

  B-Dfrd      AA (sf)               4.50

  C-Dfrd      A+ (sf)               3.50

  D-Dfrd      A- (sf)               2.25

  E-Dfrd      BB+ (sf)              2.25

  F           NR                    2.50

  X-Dfrd      B- (sf)               3.25

  Certificates   NR                  N/A

*S&P's preliminary ratings address timely receipt of interest and
ultimate repayment of principal on the class A notes, and the
ultimate payment of interest and principal on all the other rated
notes. Its ratings also address the timely receipt of interest and
full immediate repayment of previously deferred interest on the
class B-Dfrd to F notes when they become most senior outstanding.
NR--Not rated.
N/A—Not applicable.


JOTA AVIATION: Enters Administration, Halts Operations
------------------------------------------------------
Mark Wakefield at Liverpool Echo reports that Liverpool could
reportedly be set to be dealt a blow to their Premier League
preparations after a major flight operator suspended its
operations.

The Reds are one of several top flight clubs to use airline Jota
Aviation, as do Manchester City, Manchester United, Chelsea,
Arsenal and Tottenham Hotspur, Liverpool Echo.  All six of these
clubs have used the airline to charter flights domestically this
season.

However, Jota has suddenly stopped operating, leaving top-flight
clubs including Liverpool facing last minute preparations and
facing huge extra costs or trying to find alternative ways to
travel, Liverpool Echo relates.  It has also been reported that
Jota has gone into administration, Liverpool Echo notes.

Liverpool have used Jota Aviation for domestic flights this season,
including a 175-mile trip from Luton airport to Liverpool John
Lennon after the away trip to Watford this season, Liverpool Echo
discloses.  It's unclear as to whether Jota were set to be used for
any further Liverpool matches this season, Liverpool Echo states.

According to Liverpool Echo, Jota's shutdown means that Liverpool
and other Premier League clubs are likely to be forced into looking
into alternate forms of transport for their remaining domestic
matches.


MORTIMER BTL 2022-1: Moody's Assigns (P)B2 Rating to Class X Notes
------------------------------------------------------------------
Moody's Investors Service has assigned provisional ratings to Notes
to be issued by Mortimer BTL 2022-1 PLC:

GBP []M Class A Mortgage Backed Floating Rate Notes due June 2054,
Assigned (P)Aaa (sf)

GBP []M Class B Mortgage Backed Floating Rate Notes due June 2054,
Assigned (P)Aa3 (sf)

GBP []M Class C Mortgage Backed Floating Rate Notes due June 2054,
Assigned (P)Aa3 (sf)

GBP []M Class D Mortgage Backed Floating Rate Notes due June 2054,
Assigned (P)A1 (sf)

GBP []M Class E Mortgage Backed Floating Rate Notes due June 2054,
Assigned (P)Ba2 (sf)

GBP []M Class X Floating Rate Notes due June 2054, Assigned (P)B2
(sf)

RATINGS RATIONALE

The Notes are backed by a pool of prime UK buy-to-let ("BTL")
mortgage loans originated by LendInvest BTL Limited ("LendInvest",
NR). This represents the third rated RMBS issuance from
LendInvest.

The portfolio of assets amount to approximately GBP[270] million as
of 4 April 2022 pool cut-off date. The Liquidity Reserve Fund will
be funded to [1.35]% of the balance of Class A Notes at closing and
the subordination for the Class A Notes will be [13.0]%.

The ratings are primarily based on the credit quality of the
portfolio, the structural features of the transaction and its legal
integrity.

According to Moody's, the transaction benefits from various credit
strengths such as a static structure and a relatively low
weighted-average loan-to-value ("LTV"). However, Moody's notes that
the transaction features some credit weaknesses such as an unrated
originator with a relatively short history also acting as servicer
and the absence of a balance guaranteed basis swap. Various
mitigants have been included in the transaction structure such as
an experienced contractual servicer, Pepper (UK) Limited (NR), and
a back-up servicer facilitator which is obliged to appoint a
replacement servicer if certain triggers are breached.

Moody's determined the portfolio lifetime expected loss of [1.3]%
and [13]% MILAN Credit Enhancement ("MILAN CE") related to borrower
receivables. The expected loss captures Moody's expectations of
performance considering the current economic outlook, while the
MILAN CE captures the loss we expect the portfolio to suffer in the
event of a severe recession scenario. Expected defaults and MILAN
CE 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 the ABSROM cash flow
model to rate RMBS.

Portfolio expected loss of [1.3]%: This is broadly in line with the
recent UK BTL RMBS sector average and is based on Moody's
assessment of the lifetime loss expectation for the pool taking
into account: (i) the collateral performance of Lendinvest
originated loans to date, with cumulative losses of 0% during the
past 4 years; (ii) the performance of previously securitised
portfolios, with cumulative losses of 0% to date; (iii) very low
CCJs in the pool; (iv) [17.9]% of the loans in the pool backed by
multifamily properties; (v) the current macroeconomic environment
in the UK and the impact of future interest rate rises on the
performance of the mortgage loans; and (vi) benchmarking with other
UK BTL transactions.

MILAN CE for this pool is [13.0]%, which is in line with other UK
BTL RMBS transactions, owing to: (i) the WA current LTV for the
pool of [72.8]%; (ii) top 20 borrowers constituting [10.4]% of the
pool; (iii) static nature of the pool; (iv) the fact that all the
loans in the pool are interest-only; (v) the share of self-employed
borrowers of [11.8]%, and legal entities of [75.0]%; (vi) [17.9]%
of the loans in the pool backed by multifamily properties; and
(vii) benchmarking with similar UK BTL transactions.

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
February 2022.

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

Significantly different actual losses compared with Moody's
expectations at close due to either a change in economic conditions
from Moody's central scenario forecast or idiosyncratic performance
factors would lead to rating actions. For instance, should economic
conditions be worse than forecast, the higher defaults and loss
severities resulting from a greater unemployment, worsening
household affordability and a weaker housing market could result in
a downgrade of the ratings. Deleveraging of the capital structure
or conversely a deterioration in the Notes available credit
enhancement could result in an upgrade or a downgrade of the
ratings, respectively.

[*] UK: Company Insolvencies Up 39% to 2,114 in March 2022
----------------------------------------------------------
Business Sale reports that company insolvencies in the UK rose by
39% last month as businesses with heavy debt burdens saw their
financial issues exacerbated by issues such as rising interest
rates, growing energy costs and the withdrawal of government
financial support.

According to official figures from the UK's Insolvency Service,
there were 2,114 company insolvencies in March 2022, a 39% increase
on February 2022 and up 34% compared to March 2019, prior to the
start of the COVID-19 pandemic, Business Sale discloses.  Overall,
the first quarter of 2022 has seen 5,197 company insolvencies, the
highest quarterly figure since Q3 2017, Business Sale states.

The bulk of these were made up of Creditors' Voluntary Liquidations
(CVLs), with 1,844 CVLs in March 2022, more than twice the number
of CVLs recorded in March 2021 and up by 62% on figures from March
2019, Business Sale notes.

This surge in CVLs has been described by Jeremy Whiteson of
restructuring and insolvency firm Fladgate as being "predictable"
in the wake of the withdrawal of government support and the ending
of restrictions on creditors and landlords taking action against
businesses, Business Sale relays.

Tax and advisory firm Mazars, meanwhile, said that recent increases
in interest rates had made it more expensive for businesses to
service their debts, likely pushing many that had borrowed money
under government-backed schemes during the pandemic into
insolvency, Business Sale notes.

Aside from debts accrued during the pandemic, businesses have also
had to contend with exponential increases in energy costs this
year, a situation that has been worsened by the ongoing conflict in
Ukraine, according to Business Sale.

Mazars warned that more businesses will be poised to fall into
insolvency over the coming months, with a moratorium on winding-up
petitions having ended on March 31, Business Sale relates.
Following this, creditors are once again able to apply to make a
business insolvent over unpaid debts, Business Sale notes.

According to Business Sale, a widespread observation among several
experts is that the "wave of insolvencies" that has long been
predicted to follow the withdrawal of government support and
protection is finally happening.




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

[*] BOND PRICING: For the Week April 18 to April 22, 2022
---------------------------------------------------------
Issuer              Coupon    Maturity Currency  Price
------              ------    -------- --------  -----
Gazprom PJSC Via Gaz   2.250   7/19/2022  CHF    51.760
Russian Railways Via   5.700   04/05/2022 USD     9.000
Gazprom PJSC Via Gaz   1.450   03/06/2023 CHF    25.694
Corestate Capital Ho   3.500   4/15/2023  EUR    63.875
Russian Railways Via   0.840   03/12/2026 CHF     7.445
Gazprom PJSC Via Gaz   8.625   4/28/2034  USD    29.750
Ukraine Government I   7.750   09/01/2022 USD    56.750
Gazprom PJSC Via Gaz   3.125  11/17/2023  EUR    26.939
Gazprom PJSC Via Gaz   4.950   7/19/2022  USD    58.000
Russian Railways Via   2.100   10/02/2023 CHF     5.255
Severstal OAO Via St   3.150   9/16/2024  USD    19.500
Kernel Holding SA      6.500  10/17/2024  USD    53.201
Lukoil International   4.563   4/24/2023  USD    47.000
Gunvor Group Ltd       6.250   9/30/2026  USD    86.644
Gazprom PJSC via Gaz   3.897              EUR    18.809
Gazprom PJSC Via Gaz   5.150   02/11/2026 USD    37.500
MHP Lux SA             6.950   04/03/2026 USD    51.684
MHP SE                 7.750   05/10/2024 USD    50.983
Eustream AS            1.625   6/25/2027  EUR    74.228
Lukoil Securities BV   3.875   05/06/2030 USD    36.250
Gazprom PJSC via Gaz   1.540   6/30/2027  CHF    25.997
Russian Railways Via   2.200   5/23/2027  EUR    10.000
Yandex NV              0.750   03/03/2025 USD    46.500
Lukoil International   4.750   11/02/2026 USD    42.000
Russian Railways Via   7.487   3/25/2031  GBP    15.413
ADLER Group SA         2.250   1/14/2029  EUR    75.204
Gazprom PJSC Via Gaz   4.250   04/06/2024 GBP    25.311
Gazprom PJSC via Gaz   1.500   2/17/2027  EUR    27.024
Corestate Capital Ho   1.375  11/28/2022  EUR    59.301
Gazprom PJSC Via Gaz   2.949   1/24/2024  EUR    25.000
Kernel Holding SA      6.750  10/27/2027  USD    52.843
Gazprom PJSC Via Gaz   2.500   3/21/2026  EUR    24.986
Russian Railways Via   3.125              CHF     9.251
VEON Holdings BV       3.375  11/25/2027  USD    57.149
Russian Railways Via   0.898   10/03/2025 CHF     6.090
Republic of Belarus    6.875   2/28/2023  USD    14.200
Russian Railways Via   4.600   03/06/2023 EUR    10.053
Gazprom PJSC Via Gaz   2.250  11/22/2024  EUR    32.153
Russian Foreign Bond   2.875   12/04/2025 EUR    15.242
Sberbank of Russia V   5.125  10/29/2022  USD    10.350
Gazprom PJSC via Gaz   2.950   1/27/2029  USD    27.850
Banca Monte dei Pasc   5.375   1/18/2028  EUR    63.202
Metinvest BV           8.500   4/23/2026  USD    54.250
Lukoil International   6.656   06/07/2022 USD    69.050
Gazprom Neft OAO Via   4.375   9/19/2022  USD    21.000
Gazprom PJSC via Gaz   4.599              USD    23.000
Credit Bank of Mosco   3.100   1/21/2026  EUR    10.000
Novolipetsk Steel Vi   1.450   06/02/2026 EUR    24.993
Lukoil Capital DAC     3.600  10/26/2031  USD    36.000
Gazprom PJSC Via Gaz   7.288   8/16/2037  USD    28.500
Ukraine Government I   6.750   6/20/2026  EUR    32.748
Gazprom PJSC via Gaz   3.250   2/25/2030  USD    24.000
Mitsubishi UFJ Inves   3.971  12/15/2050  EUR    36.687
Credit Bank of Mosco   3.875   9/21/2026  USD    14.563
Lukoil Capital DAC     2.800   4/26/2027  USD    37.500
Gazprom PJSC via Gaz   3.000   6/29/2027  USD    25.500
MHP Lux SA             6.250   9/19/2029  USD    51.184
Ukraine Government I   7.750   09/01/2025 USD    34.265
Gazprom PJSC via Gaz   2.950   4/15/2025  EUR    24.998
Borets Finance DAC     6.000   9/17/2026  USD    29.968
NAK Naftogaz Ukraine   7.625   11/08/2026 USD    32.042
NAK Naftogaz Ukraine   7.125   7/19/2024  EUR    31.547
Credit Bank of Mosco   7.500   10/05/2027 USD    23.000
NPC Ukrenergo          6.875   11/09/2026 USD    33.395
ALROSA Finance SA      3.100   6/25/2027  USD    11.000
Gazprom PJSC Via Gaz   4.364   3/21/2025  EUR    25.000
Ukraine Government I   6.876   5/21/2029  USD    32.000
Novolipetsk Steel Vi   4.700   5/30/2026  USD    30.000
Gazprom PJSC via Gaz   3.500   7/14/2031  USD    30.500
Metinvest BV           7.750  10/17/2029  USD    53.500
Frigoglass Finance B   6.875   02/12/2025 EUR    70.120
Moby SpA               7.750   2/15/2023  EUR    73.501
Credit Bank of Mosco   7.625              USD     6.750
ALROSA Finance SA      4.650   04/09/2024 USD    24.000
Tinkoff Bank JSC Via   6.000              USD    20.000
Phosagro OAO Via Pho   3.949   4/24/2023  USD    29.000
VTB Bank OJSC Via VT   6.950  10/17/2022  USD    89.900
Gazprom PJSC via Gaz   1.850  11/17/2028  EUR    25.000
Casino Guichard Perr   2.511              EUR    25.861
MMC Norilsk Nickel O   4.100   04/11/2023 USD    53.000
Aggregate Holdings S   6.875   11/09/2025 EUR    45.072
Polyus Finance PLC     3.250  10/14/2028  USD    28.000
VTB Bank PJSC Via VT   9.500              USD    36.561
Gazprom PJSC Via Gaz   4.950   02/06/2028 USD    26.000
MMC Norilsk Nickel O   2.550   09/11/2025 USD    46.000
Eurochem Finance DAC   5.500   3/13/2024  USD    41.500
Gazprom Neft OAO Via   6.000  11/27/2023  USD    32.809
Vnesheconombank Via    6.800  11/22/2025  USD    33.500
Credit Bank of Mosco   4.700   1/29/2025  USD    15.025
MMC Norilsk Nickel O   6.625  10/14/2022  USD    65.375
Credit Bank of Mosco   5.150   2/20/2024  EUR    14.965
VEON Holdings BV       7.250   4/26/2023  USD    70.282
MMK International Ca   4.375   6/13/2024  USD    31.000
Hellenic Republic Go   1.875   1/24/2052  EUR    70.246
State of North Rhine   1.450   1/19/2122  EUR    71.346
NGD Holdings BV        6.750  12/31/2026  USD    39.837
Banca Monte dei Pasc  10.500   7/23/2029  EUR    71.774
Gazprom PJSC Via Gaz   4.950   3/23/2027  USD    42.250
MMC Norilsk Nickel O   2.800  10/27/2026  USD    47.500
Dtek Renewables Fina   8.500   11/12/2024 EUR    36.881
Evraz PLC              5.375   3/20/2023  USD    35.234
Alfa Bank AO Via Alf   5.950   4/15/2030  USD    10.000
Russian Foreign Bond   2.650   5/27/2036  EUR    14.377
Metinvest BV           7.750   4/23/2023  USD    43.000
Metalloinvest Financ   3.375  10/22/2028  USD    91.470
Casino Guichard Perr   3.992              EUR    43.815
VF Ukraine PAT via V   6.200   02/11/2025 USD    53.046
Ukraine Government I   8.994   02/01/2024 USD    36.815
State Agency of Road   6.250   6/24/2028  USD    32.333
Standard Profil Auto   6.250   4/30/2026  EUR    71.571
Novatek OAO Via Nova   4.422  12/13/2022  USD    40.000
Sberbank of Russia V   5.250   5/23/2023  USD   100.475
Rallye SA              4.000   2/28/2032  EUR    14.870
Delivery Hero SE       2.125   03/10/2029 EUR    66.303
Fuerstenberg Capital   5.625              EUR    65.602
Mobile Telesystems O   5.000   5/30/2023  USD    27.000
Ozon Holdings PLC      1.875   2/24/2026  USD    26.000
Ukreximbank Via Biz    9.750   1/22/2025  USD    94.400
Phosagro OAO Via Pho   3.050   1/23/2025  USD    25.000
State of North Rhine   0.950   01/10/2121 EUR    54.274
Gtlk Europe Capital    4.650   03/10/2027 USD    22.130
Metinvest BV           7.650   10/01/2027 USD    52.346
VEON Holdings BV       4.000   04/09/2025 USD    62.535
Russian Railways Via   1.195   04/03/2028 CHF     5.819
Hungary Government B   2.250   4/20/2033  HUF    65.954
Russian Foreign Bond   1.125  11/20/2027  EUR    15.141
Romanian Government    2.875   4/13/2042  EUR    70.210
Severstal OAO Via St   5.900  10/17/2022  USD    13.000
Russian Railways Via   4.375   03/01/2024 USD    20.930
Korian SA              0.875   03/06/2027 EUR    51.024
Evraz PLC              5.250   04/02/2024 USD    51.000
Metinvest BV           5.625   6/17/2025  EUR    52.463
Tinkoff Bank JSC Via   9.250              USD   100.550
Eurotorg LLC Via Bon   9.000  10/22/2025  USD    29.749
Ukraine Railways Via   8.250   07/09/2024 USD    29.250
MMC Norilsk Nickel O   3.375  10/28/2024  USD    58.750
Credit Bank of Mosco   5.550   2/14/2023  USD    99.000
Phosagro OAO Via Pho   2.600   9/16/2028  USD    24.250
Vnesheconombank Via    5.942  11/21/2023  USD     5.000
United Kingdom Gilt    0.500  10/22/2061  GBP    62.090
Slovakia Government    1.000  10/13/2051  EUR    71.239
Ekosem-Agrar AG        8.500   12/07/2022 EUR     6.539
Bank Gospodarstwa Kr   2.250   7/21/2033  PLN    63.773
Delivery Hero SE       1.000   4/30/2026  EUR    73.487
VEON Holdings BV       5.950   2/13/2023  USD    72.500
Accor SA               0.700   12/07/2027 EUR    49.473
Polyus Finance PLC     5.250   02/07/2023 USD    99.990
Borets Finance DAC     6.500   04/07/2022 USD    36.739
GTLK Europe DAC        5.125   5/31/2024  USD    22.250
Russian Agricultural   8.500  10/16/2023  USD     7.250
Russian Foreign Bond   4.500   04/04/2022 USD    23.326
Rallye SA              4.371   2/28/2032  EUR    15.015
Gtlk Europe Capital    4.349   2/27/2029  USD    16.593
Suek Securities DAC    3.375   9/15/2026  USD    15.000
Delivery Hero SE       1.500   1/15/2028  EUR    67.663
Turkiye Is Bankasi A   6.125   4/25/2024  USD    98.910
Ekosem-Agrar AG        7.500   08/01/2024 EUR    10.356
Vnesheconombank Via    6.025   07/05/2022 USD     5.000
Hacienda Investments   5.350   02/08/2028 USD    91.500
PIK Securities DAC     5.625  11/19/2026  USD     6.350
Carnival PLC           1.000  10/28/2029  EUR    70.840
NAK Naftogaz Ukraine   7.375   7/19/2022  USD    68.500
Banca Monte dei Pasc   8.000   1/22/2030  EUR    66.250
Uralkali OJSC Via Ur   4.000  10/22/2024  USD    37.000
Global Fashion Group   1.250   3/15/2028  EUR    71.878
Polyus Finance PLC     4.700   1/29/2024  USD    99.305
Gtlk Europe Capital    5.950   4/17/2025  USD    13.000
Interpipe Holdings P   8.375   5/13/2026  USD    38.109
Korian SA              1.875              EUR    38.570
Ukraine Government B  15.840   2/26/2025  UAH    55.455
ABH Financial Ltd Vi   2.700   06/11/2023 EUR     5.000
Novolipetsk Steel Vi   4.500   6/15/2023  USD    47.000
Vonovia SE             1.625   09/01/2051 EUR    68.469
Chelyabinsk Pipe Pla   4.500   9/19/2024  USD    10.000
Ukreximbank Via Biz    9.625   4/27/2022  USD    26.283
Voltalia SA            1.000   1/13/2025  EUR    29.916
Sweden Government Bo   1.375   6/23/2071  SEK    65.261
VEON Holdings BV       4.950   6/16/2024  USD    61.350
Gtlk Europe Capital    4.800   2/26/2028  USD    20.250
Credit Bank of Mosco   8.875              USD     8.750
Andrade Gutierrez In   9.500  12/30/2024  USD    61.625
Serbia International   2.050   9/23/2036  EUR    69.168
Sovcombank Via SovCo   8.000   04/07/2030 USD   100.000
Gtlk Europe Capital    4.949   2/18/2026  USD    13.000
Novolipetsk Steel Vi   4.000   9/21/2024  USD    38.000
VEON Holdings BV       3.375  11/25/2027  USD    57.185
Metro Bank PLC         5.500   6/26/2028  GBP    64.700
Rusal Capital DAC      4.850   02/01/2023 USD    30.653
Quadient SA            3.375              EUR    58.321
Rusal Capital DAC      5.300   05/03/2023 USD    40.000
VTB Bank OJSC Via VT   4.073  10/24/2024  CHF     5.000
Banca Monte dei Pasc   8.500   09/10/2030 EUR    67.884
SCF Capital Designat   3.850   4/26/2028  USD    92.779
Serbia International   1.650   03/03/2033 EUR    72.356
FIGEAC-AERO            1.125  10/18/2022  EUR    22.347
Nostrum Oil & Gas Fi   8.000   7/25/2022  USD    21.500
Nexity SA              0.250   03/02/2025 EUR    61.829
TMK OAO Via TMK Capi   4.300   02/12/2027 USD    21.110
Home Credit & Financ   8.800              USD     5.000
Bank Gospodarstwa Kr   2.125   06/05/2030 PLN    71.288
Ukraine Railways Via   7.875   7/15/2026  USD    27.450
Royalty Pharma PLC     3.350   09/02/2051 USD    71.493
Prosus NV              3.832   02/08/2051 USD    67.968
Alfa Bank AO Via Alf   6.950              USD    11.533
Idavang A/S            7.250   11/11/2025 EUR    65.002
Sovcombank Via SovCo   3.400   1/26/2025  USD     5.197
Global Ports Finance   6.500   9/22/2023  USD     8.625
Alfa Bank AO Via Alf   5.900              USD     9.223
ABH Financial Ltd Vi   2.875   11/09/2022 CHF     4.000
Lithuania Government   0.500   7/28/2050  EUR    65.249
Air France-KLM         0.125   3/25/2026  EUR    16.098
Czech Republic Gover   1.500   4/24/2040  CZK    64.374
Mallinckrodt Interna   5.750   08/01/2022 USD    52.000
Sovcombank Via SovCo   7.600              USD     5.000
Neoen SA               2.000   06/02/2025 EUR    52.958
Haya Real Estate SA    5.250  11/15/2022  EUR    69.645
Hacienda Investments   5.075   2/15/2023  USD    12.904
Romanian Government    2.625   12/02/2040 EUR    69.609
Sibur Securities DAC   2.950   07/08/2025 USD    27.500
Russian Federal Bond   6.100   7/18/2035  RUB    73.901
Intelsat Jackson Hol   8.500  10/15/2024  USD    44.491
VEON Holdings BV       4.000   04/09/2025 USD    62.404
Sovcombank Via SovCo   7.750              USD     4.969
Sibur Securities DAC   3.450   9/23/2024  USD    26.000
Celtic Resources Hol   4.125   10/09/2024 USD    30.000
PB International BV    7.625  12/31/2025  USD    43.017
Intelsat Jackson Hol   5.500   08/01/2023 USD    42.750
Intelsat Jackson Hol   9.750   7/15/2025  USD    44.512
Rallye SA              4.000   2/28/2032  CHF    12.000
Neoen SA               1.875   10/07/2024 EUR    42.543
Lukoil Capital DAC     3.600  10/26/2031  USD    36.500
O1 Properties Financ   0.500   9/27/2028  USD     6.203
BP Capital Markets B   0.933   12/04/2040 EUR    72.701
Vonovia Finance BV     1.000   1/28/2041  EUR    67.948
BAT International Fi   2.250   09/09/2052 GBP    55.639
Cardea Europe AG       7.250   12/08/2023 EUR    68.007
Mallinckrodt Interna   4.750   4/15/2023  USD    41.250
Russian Foreign Bond   4.875   9/16/2023  USD    27.247
SCF Capital Designat   5.375   6/16/2023  USD    21.121
Karlou BV              7.750   6/18/2024  USD    17.040
Maisons du Monde SA    0.125   12/06/2023 EUR    47.017
Russian Foreign Bond   5.250   6/23/2047  USD    19.413
Russian Foreign Bond   5.100   3/28/2035  USD    15.000
Biocartis Group NV     4.000   05/09/2024 EUR    72.252
Arrival SA             3.500   12/01/2026 USD    66.011
Bank Gospodarstwa Kr   2.375  11/27/2040  PLN    52.326
State of North Rhine   0.500   1/15/2052  EUR    72.768
Pierre Et Vacances S   2.000   04/01/2023 EUR    27.763
Deutsche Bahn Financ   0.625   12/08/2050 EUR    67.276
Ukreximbank Via Biz    9.950  11/14/2029  USD    26.830
Credit Bank of Mosco   7.121   6/25/2024  USD    99.537
Prosus NV              4.027   08/03/2050 USD    71.590
State of North Rhine   1.375   1/15/2120  EUR    70.917
Czech Republic Gover   0.050  11/29/2029  CZK    71.695
Republic of Poland G   4.000   4/25/2047  PLN    69.358
Turkey Government Bo  11.000   2/24/2027  TRY    69.500
Wirecard AG            0.500   09/11/2024 EUR    12.181
Lukoil Capital DAC     2.800   4/26/2027  USD    47.500
Union Fenosa Prefere   1.173              EUR    67.420
PJSC Koks via IMH Ca   5.900   9/23/2025  USD     5.660
Lukoil Securities BV   3.875   05/06/2030 USD    36.000
Sibur Securities DAC   4.125   10/05/2023 USD    27.036
Rallye SA              3.400   2/28/2032  EUR    14.761
MHP SE                 7.750   05/10/2024 USD    50.948
Rallye SA              5.250   2/28/2032  EUR    14.191
Lukoil International   6.656   06/07/2022 USD    72.000
Alfa Bank AO Via Alf   5.500  10/26/2031  USD     8.900
Gazprom PJSC Via Gaz   8.625   4/28/2034  USD    26.000
Gazprom PJSC Via Gaz   4.950   02/06/2028 USD    41.000
Ziton A/S              7.900   10/03/2022 EUR    70.389
Senvion Holding GmbH   3.875  10/25/2022  EUR     0.286
HOCHDORF Holding AG    2.500              CHF    48.325
Luzerner Kantonalban   0.150   10/07/2044 CHF    72.293
Offshore Drilling Ho   8.375   9/20/2020  USD     5.000
Banque Cantonale de    0.100   11/01/2044 CHF    70.359
Hungary Government B   2.250   6/22/2034  HUF    63.269
DNB Bank ASA           0.954              USD    74.531
Russian Foreign Bond   4.250   6/23/2027  USD    20.000
Nostrum Oil & Gas Fi   7.000   2/16/2025  USD    24.625
State of Rhineland-P   0.375   03/10/2051 EUR    71.499
MHP Lux SA             6.250   9/19/2029  USD    51.105
SRV Group Oyj          4.875   3/27/2025  EUR    70.585
Hungary Government B   2.000   5/23/2029  HUF    72.662
Russian Foreign Bond   5.625   04/04/2042 USD    21.951
Societe Nationale SN   0.875   2/28/2051  EUR    68.565
Suek Securities DAC    3.375   9/15/2026  USD    13.000
Nexity SA              0.875   4/19/2028  EUR    50.510
Econocom Group SA/NV   0.500   03/06/2023 EUR     8.036
PREOS Global Office    7.500   12/09/2024 EUR    63.500
State of Brandenburg   0.300  11/17/2045  EUR    71.427
Mallinckrodt Interna   5.625  10/15/2023  USD    52.500
Rallye SA              3.250   2/28/2032  CHF    15.000
Ukraine Government B   9.790   5/26/2027  UAH    48.452
Eurochem Finance DAC   5.500   3/13/2024  USD    40.000
Intu Debenture PLC     5.562  12/31/2027  GBP    41.125
Lukoil International   4.563   4/24/2023  USD    54.000
Credit Bank of Mosco   3.875   9/21/2026  USD     3.000
Paragon GmbH & Co KG   4.000   4/23/2023  CHF    25.000
Gazprom PJSC Via Gaz   4.950   7/19/2022  USD    60.500
EYEMAXX Real Estate    5.500   7/22/2025  EUR    75.000
Galapagos Holding SA   7.000   6/15/2022  EUR     4.000
Turkey Government Bo   8.000   03/12/2025 TRY    72.500
EA Partners II BV      6.750   06/01/2021 USD     0.541
Severstal OAO Via St   3.150   9/16/2024  USD    11.191
FF Group Finance Lux   1.750   07/03/2019 EUR     4.479
Travelex Financing P   8.000   5/15/2022  EUR     1.583
Linde PLC              1.000   9/30/2051  EUR    70.616
Turkey Government Bo  10.500   08/11/2027 TRY    67.000
MHP Lux SA             6.950   04/03/2026 USD    51.025
Ukraine Government I   7.253   3/15/2033  USD    32.161
NPC Ukrenergo          6.875   11/09/2026 USD    33.474
Ukraine Government I   7.750   09/01/2022 USD    57.012
Celtic Resources Hol   4.125   10/09/2024 USD    31.965
Metinvest BV           8.500   4/23/2026  USD    54.000
Haya Real Estate SA    5.125  11/15/2022  EUR    69.889
Kernel Holding SA      6.750  10/27/2027  USD    52.730
Fuerstenberg Capital   1.020              EUR    63.481
Lithuania Government   0.750   7/15/2051  EUR    71.171
Ukraine Government I   7.750   09/01/2025 USD    34.870
Wellcome Trust Ltd/T   1.500   7/14/2071  GBP    69.346
Mallinckrodt Interna   5.500   4/15/2025  USD    53.000
DOF Subsea AS          9.110  11/27/2023  NOK    36.833
Unibail-Rodamco-West   1.750   07/01/2049 EUR    72.205
Immigon Portfolioabb   5.772              EUR    10.766
Gazprom PJSC via Gaz   4.599              USD    15.000
Kernel Holding SA      6.500  10/17/2024  USD    53.741
Tinkoff Bank JSC Via   6.000              USD    10.213
VEON Holdings BV       7.250   4/26/2023  USD    69.564
Credit Bank of Mosco   4.700   1/29/2025  USD    19.250
Thomas Cook Group PL   6.250   6/15/2022  EUR     0.518
Kommunekredit          0.125   9/26/2040  EUR    73.000
Metinvest BV           7.750  10/17/2029  USD    52.500
DOF Subsea AS          9.500   4/30/2022  USD    37.457
PIK Securities DAC     5.625  11/19/2026  USD     6.350
Shell International    1.750   09/10/2052 GBP    67.251
Air Berlin PLC         8.250   4/19/2018  EUR     0.892
Gazprom Neft OAO Via   6.000  11/27/2023  USD    27.500
DNB Bank ASA           0.758              USD    74.584
State of North Rhine   0.200   1/27/2051  EUR    66.848
EA Partners I BV       6.875   9/28/2020  USD     1.000
Gazprom PJSC via Gaz   3.250   2/25/2030  USD    42.500
Metalloinvest Financ   3.375  10/22/2028  USD    20.500
Scandinavian Airline   0.625              CHF    15.649
Societe Du Grand Par   0.700  10/15/2060  EUR    61.612
Claranova SE           5.000   07/01/2023 EUR     1.070
Allied Irish Banks P  12.500   6/25/2035  GBP    55.973
VEON Holdings BV       5.950   2/13/2023  USD    70.282
Flagship Finance PLC   1.875   7/14/2061  GBP    72.515
Hylea Group SA         7.250   12/01/2022 EUR     3.750
Nestle Finance Inter   0.375   12/03/2040 EUR    72.053
AstraZeneca PLC        2.125   08/06/2050 USD    68.966
State of Saxony-Anha   0.500   3/24/2051  EUR    74.213
Russian Foreign Bond   4.375   3/21/2029  USD    14.807
Koninklijke Luchtvaa   0.750              CHF    20.500
Lukoil International   4.750   11/02/2026 USD    40.000
Metinvest BV           7.650   10/01/2027 USD    52.390
Norddeutsche Landesb   7.490              EUR    62.757
EYEMAXX Real Estate    5.500   4/26/2023  EUR     3.985
Slovenia Government    0.688   03/03/2081 EUR    51.385
Deutsche Lichtmiete    5.750   01/01/2023 EUR     5.000
City of Kyiv Via PBR   7.500  12/15/2022  USD    35.000
Russian Foreign Bond   4.750   5/27/2026  USD    20.495
NAK Naftogaz Ukraine   7.625   11/08/2026 USD    31.644
VEON Holdings BV       4.950   6/16/2024  USD    62.987
Aggregate Holdings S   5.500   5/17/2024  EUR    49.764
Ukraine Government I   7.750   09/01/2024 USD    35.306
Gazprom PJSC Via Gaz   7.288   8/16/2037  USD    45.000
Russian Foreign Bond   5.875   9/16/2043  USD    22.784
Rickmers Holding AG    8.875   06/11/2018 EUR     0.810
Hellenic Bank PCL     10.000              EUR    57.019
BAT International Fi   2.000   3/13/2045  EUR    67.990
Deutsche Wohnen SE     1.300   04/07/2041 EUR    71.481
Ukraine Government I   6.876   5/21/2029  USD    32.380
City of Lugano Switz   0.150  11/28/2070  CHF    53.281
Russian Foreign Bond   2.875   12/04/2025 EUR    15.191
Polski Koncern Nafto   2.875   3/25/2031  PLN    70.539
ALROSA Finance SA      4.650   04/09/2024 USD    20.000
Borets Finance DAC     6.000   9/17/2026  USD    22.635
National Grid Gas PL   1.625   1/14/2043  GBP    68.455
Dexia Credit Local S   1.206              EUR     2.906
VTB Bank OJSC Via VT   6.950  10/17/2022  USD     7.515
OGX Austria GmbH       8.375   04/01/2022 USD     0.003
Genfit                 3.500  10/16/2025  EUR    25.028
European Financial S   0.050   1/18/2052  EUR    62.348
Autonomous Community   2.965   09/08/2039 JPY    67.257
MMK International Ca   4.375   6/13/2024  USD    25.000
Eurotorg LLC Via Bon   9.000  10/22/2025  USD    29.000
Sberbank of Russia V   5.125  10/29/2022  USD   100.375
Gazprom PJSC Via Gaz   4.950   3/23/2027  USD    93.000
Pentracor GmbH         8.500   5/29/2025  EUR    14.700
Phosagro OAO Via Pho   2.600   9/16/2028  USD    19.500
Air Berlin PLC         6.750   05/09/2019 EUR     0.415
Metinvest BV           7.750   4/23/2023  USD    52.020
Lehman Brothers UK C   5.125              EUR    35.000
FF Group Finance Lux   3.250   11/02/2021 CHF     6.705
Clarion Funding PLC    1.875   09/07/2051 GBP    73.826
Banco Espirito Santo   7.125  11/28/2023  EUR     0.523
Cooperatieve Raboban   0.010  11/27/2040  EUR    70.652
Societe Nationale SN   1.000   1/19/2061  EUR    63.004
BAT International Fi   4.000  11/23/2055  GBP    72.528
Gazprom PJSC via Gaz   2.950   1/27/2029  USD    24.500
Evraz PLC              5.250   04/02/2024 USD    61.050
Officine Maccaferri-   5.750   06/01/2021 EUR    16.959
City of Lausanne Swi   0.050   9/28/2054  CHF    61.630
VF Ukraine PAT via V   6.200   02/11/2025 USD    50.119
University College L   1.625   06/04/2061 GBP    75.378
Republic of Belarus    6.378   2/24/2031  USD    12.625
Novolipetsk Steel Vi   4.700   5/30/2026  USD    35.000
Gazprom PJSC Via Gaz   5.150   02/11/2026 USD    24.667
Alno AG                8.500   5/14/2018  EUR    17.864
Societe Du Grand Par   1.000   2/18/2070  EUR    64.082
Cie Generale des Eta   0.625   11/02/2040 EUR    72.227
Ukreximbank Via Biz    9.625   4/27/2022  USD    26.283
Mallinckrodt Interna   5.750   08/01/2022 USD    48.250
Land Berlin            0.050   08/06/2040 EUR    72.737
Rallye SA              1.000   2/28/2032  EUR    15.731
Land Baden-Wuerttemb   0.125  11/19/2040  EUR    73.977
ALROSA Finance SA      3.100   6/25/2027  USD    88.500
Ukreximbank Via Biz    7.623   02/09/2023 USD    31.731
Senivita Social Esta   4.000   05/12/2025 EUR     5.120
Caisse Francaise de    0.500   10/01/2046 EUR    74.427
Interpipe Holdings P   8.375   5/13/2026  USD    36.467
Ukraine Government B  10.000   8/23/2023  UAH    69.318
Republic of Belarus    6.200   2/28/2030  USD    12.750
Barclays Bank PLC      0.500   1/28/2033  MXN    32.137
Ukraine Government B   9.990   5/22/2024  UAH    55.440
Ukraine Government B   3.700   4/27/2023  USD    51.431
Uralkali OJSC Via Ur   4.000  10/22/2024  USD    20.767
Hamon & CIE SA         3.300   1/31/2035  EUR    46.000
Stichting Afwikkelin  11.250              EUR     0.622
Credit Bank of Mosco   3.100   1/21/2026  EUR    13.513
Debenhams PLC          5.250   7/15/2021  GBP     0.500
TenneT Holding BV      0.500  11/30/2040  EUR    71.292
Hellenic Republic Go   2.085   7/25/2057  EUR    37.993
Hyde Housing Associa   1.750   8/18/2055  GBP    70.226
EYEMAXX Real Estate    5.500   9/24/2024  EUR     4.013
Avangardco Investmen  10.000  10/29/2018  USD     0.348
Havila Shipping ASA    5.920   01/02/2025 NOK    32.247
Deutsche Lichtmiete    5.250   02/01/2027 EUR    10.509
Gazprom Neft OAO Via   4.375   9/19/2022  USD    31.102
Vnesheconombank Via    6.800  11/22/2025  USD     5.000
Gazprom PJSC via Gaz   3.500   7/14/2031  USD    24.667
Ukraine Government I   7.750   09/01/2026 USD    34.481
Portugal Telecom Int   6.250   7/26/2016  EUR     0.285
Yuksel Insaat AS       9.500   11/10/2015 USD     0.100
Deutsche Lichtmiete    5.250   09/01/2025 EUR    11.500
Mitsubishi UFJ Inves   3.802  12/30/2099  EUR     5.100
Privatbank CJSC Via   10.250   1/23/2018  USD     4.000
MMC Norilsk Nickel O   2.800  10/27/2026  USD    50.000
Ukreximbank Via Biz    9.750   1/22/2025  USD    41.178
Ukraine Government I  15.840   2/26/2025  UAH    55.455
Alfa Bank AO Via Alf   5.950   4/15/2030  USD    10.000
State of Bremen        0.400   8/20/2049  EUR    72.041
Severstal OAO Via St   5.900  10/17/2022  USD    31.000
Sberbank of Russia V   5.250   5/23/2023  USD    12.091
City of Lausanne Swi   0.540   11/06/2062 CHF    69.284
Hellas Telecommunica   6.054   1/15/2015  USD     0.001
Novatek OAO Via Nova   4.422  12/13/2022  USD    21.125
VTB Bank OJSC Via VT   6.250   6/30/2035  USD    22.000
Prosus NV              4.027   08/03/2050 USD    71.444
Nordiska Kreditmarkn   8.816              SEK    72.108
Gazprom PJSC Via Gaz   3.125  11/17/2023  EUR    26.939
Northern Powergrid N   1.875   6/16/2062  GBP    71.050
City of Bern Switzer   0.040   10/02/2070 CHF    54.070
ESFIL-Espirito Santo   5.250   06/12/2015 EUR     0.111
State of North Rhine   0.375   09/02/2050 EUR    71.090
Republic of Belarus    5.875   2/24/2026  USD    13.000
Credit Bank of Mosco   7.625              USD    17.750
Swissgrid AG           0.050   6/30/2050  CHF    62.655
Deutsche Lichtmiete    5.750   12/01/2023 EUR    10.000
Lehman Brothers UK C   5.750              EUR     7.000
Ukraine Government I   9.750   11/01/2028 USD    34.224
Andrade Gutierrez In  11.000   8/20/2021  USD    57.257
Bourbon Corp           8.305              EUR     0.544
Landwirtschaftliche    0.010  11/26/2040  EUR    73.012
Banca Popolare di Vi   9.500   9/29/2025  EUR     0.049
Sovcombank Via SovCo   7.600              USD     5.000
Gazprom PJSC via Gaz   3.897              EUR    18.809
Ukraine Government I   7.375   9/25/2032  USD    31.875
MMC Norilsk Nickel O   6.625  10/14/2022  USD   102.620
Lehman Brothers UK C   3.875              EUR    35.000
Phosagro OAO Via Pho   3.949   4/24/2023  USD    28.329
VTB Bank PJSC          5.000              USD    58.580
Ukraine Government B  11.670  11/22/2023  UAH    64.886
Alfa Bank AO Via Alf   5.900              USD     9.223
Global Ports Finance   6.500   9/22/2023  USD    10.000
Novolipetsk Steel Vi   1.450   06/02/2026 EUR    27.000
Land Thueringen        0.375   12/01/2051 EUR    71.050
Stichting Afwikkelin   6.250  10/26/2020  EUR     5.375
Basque Government      1.375  10/31/2070  EUR    58.642
Phosagro OAO Via Pho   3.050   1/23/2025  USD    22.500
Turkey Government In   5.750   05/11/2047 USD    72.588
Romanian Government    2.875   4/13/2042  EUR    70.280
Polyus Finance PLC     5.250   02/07/2023 USD    24.143
Muenchener Hypotheke   0.010  10/19/2039  EUR    72.280
UK Municipal Bonds A   1.625   8/26/2060  GBP    75.105
Ukraine Government B  11.000   6/21/2023  UAH    71.439
Ghelamco Invest        4.500   5/23/2022  EUR    40.010
Ukraine Government I   7.750   09/01/2023 USD    42.217
Republic of Poland G   1.750   4/25/2032  PLN    66.950
Credit Bank of Mosco   7.500   10/05/2027 USD     5.893
Thomas Cook Finance    3.875   7/15/2023  EUR     0.548
Region Wallonne Belg   0.650   1/16/2051  EUR    67.228
RTE Reseau de Transp   1.125   09/09/2049 EUR    73.434
Gazprom PJSC via Gaz   1.500   2/17/2027  EUR    27.024
Virgolino de Oliveir  10.500   1/28/2018  USD     0.010
OGX Austria GmbH       8.500   06/01/2018 USD     0.002
State Agency of Road   6.250   6/24/2028  USD    23.080
Banco Espirito Santo   2.223              EUR     0.120
Prosus NV              3.832   02/08/2051 USD    68.803
Polyus Finance PLC     3.250  10/14/2028  USD    28.050
VPV Lebensversicheru   3.477   8/17/2026  EUR    64.812
UkrLandFarming PLC    10.875   3/26/2018  USD     1.522
Hacienda Investments   5.350   02/08/2028 USD    10.024
Evraz PLC              5.375   3/20/2023  USD    60.050
Tresu Investment Hol   5.000   01/02/2025 EUR    48.800
Agrokor dd             9.875   05/01/2019 EUR    15.000
Ukraine Government I   4.375   1/27/2030  EUR    32.496
Verimatrix SA          6.000   6/29/2022  EUR     3.829
Ukraine Government B  10.950   11/01/2023 UAH    69.763
Republic of Ireland    0.995   2/24/2121  EUR    69.107
Virgolino de Oliveir  11.750   02/09/2022 USD     0.500
VTB Bank PJSC          3.750              EUR
Single Platform Inve   0.695   6/25/2039  EUR    73.664
Sovcombank Via SovCo   7.750              USD     4.969
MMC Norilsk Nickel O   4.100   04/11/2023 USD    52.115
Region de Bruxelles-   1.121   05/11/2071 EUR    66.936
Norske Skogindustrie   7.000  12/30/2026  EUR     0.010
Barclays Bank PLC      0.348   5/30/2034  USD    64.607
LSF9 Balta Issuer SA   3.000  12/31/2030  EUR    69.935
Virgolino de Oliveir  10.500   1/28/2018  USD     0.455
Tennor Finance BV      5.750   6/17/2024  EUR    75.000
Ukraine Government I   7.750   09/01/2027 USD    34.339
Alfa Bank AO Via Alf   5.500  10/26/2031  USD     8.900
MMC Norilsk Nickel O   3.375  10/28/2024  USD    50.000
Platform HG Financin   1.625   08/10/2055 GBP    70.092
EOS Imaging SA         6.000   5/31/2023  EUR     7.250
Sovcombank Via SovCo   3.400   1/26/2025  USD     5.197
New World Resources    8.000   04/07/2020 EUR     0.001
Alitalia-Societa Aer   5.250   7/30/2020  EUR     0.100
Land Berlin            0.350   09/09/2050 EUR    70.774
Fuerstenberg Capital   1.609              EUR    61.493
KTG Agrar SE           7.125   06/06/2017 EUR     1.869
Green City Energy Kr   4.000  12/30/2026  EUR    12.100
Barclays Bank PLC      2.468   11/01/2031 USD    70.729
Transcapitalbank JSC  10.000              USD    65.354
Ukraine Government I  12.520   5/13/2026  UAH    41.993
Norwegian Air Shuttl   5.000   02/07/2023 SEK    41.500
SCF Capital Designat   5.375   6/16/2023  USD    21.121
Deutsche Bank AG/Lon   1.625  10/31/2034  USD    67.727
Ukraine Government I  15.840   2/26/2025  UAH    55.455
SAS AB                 5.854              SEK    27.199
Barclays Bank PLC     12.000   9/24/2025  TRY    56.192
Mallinckrodt Interna   5.500   4/15/2025  USD    53.000
BPCE SA                2.255   03/12/2040 AUD    65.557
WD Invest Sarl         1.900   10/02/2024 EUR    11.576
State of Saarland      0.050   11/05/2040 EUR    72.685
Societe Centrale des   2.500   5/15/2023  EUR     6.970
Saleza AS              9.000   07/12/2021 EUR     0.203
Cirio Finance Luxemb   7.500   11/03/2002 EUR     1.426
Elli Finance UK PLC    8.750   6/15/2019  GBP    65.125
State of Bremen        0.450   2/24/2051  EUR    72.550
Espirito Santo Finan   3.125   12/02/2018 EUR     0.290
Societe Generale SA   10.000   10/01/2036 USD    75.250
Borets Finance DAC     6.500   04/07/2022 USD    36.739
Region Wallonne Belg   1.250   6/22/2071  EUR    68.401
Russian Federal Bond   0.250   7/20/2044  RUB    50.500
Civitas Properties F   4.000  11/24/2022  EUR    65.000
Barclays Bank PLC      1.139   1/27/2031  USD    72.372
MMC Norilsk Nickel O   2.550   09/11/2025 USD    44.737
Espirito Santo Finan   9.750  12/19/2025  EUR     0.290
MFB Magyar Fejleszte   2.900  10/22/2031  HUF    70.632
Sovcombank Via SovCo   8.000   04/07/2030 USD     5.000
Veneto Banca SpA       9.878   12/01/2025 EUR     0.571
VTB Bank PJSC Via VT   9.500              USD     8.086
Canton of Neuchatel    0.100  10/29/2049  CHF    66.571
Land Berlin            0.125  11/24/2045  EUR    69.192
Cirio Holding Luxemb   6.250   2/16/2004  EUR     0.723
Metinvest BV           5.625   6/17/2025  EUR    52.484
Mobile Telesystems O   5.000   5/30/2023  USD    23.452
EDOB Abwicklungs AG    7.500   04/01/2012 EUR     2.789
Spain Government Bon   1.000  10/31/2050  EUR    71.603
Solarworld AG          9.691   2/24/2019  EUR    20.875
Jain International T   7.125   3/31/2026  USD    28.000
VTB Bank PJSC          4.763              USD    58.120
Praktiker AG           5.875   02/10/2016 EUR     0.069
Privatbank CJSC Via   11.000   02/09/2021 USD     1.000
Muenchener Hypotheke   0.010   11/02/2040 EUR    71.112
Societe Generale SA   11.000  10/30/2036  USD    73.500
Corporate Commercial   8.250   08/08/2014 USD     0.308
Solon SE               1.375   12/06/2012 EUR     0.745
Gazprom PJSC via Gaz   1.850  11/17/2028  EUR    27.562
Land Thueringen        0.125   1/13/2051  EUR    65.536
Banco Santander SA     1.909              EUR     1.663
Ukraine Government I   8.994   02/01/2024 USD    37.131
Jain International T   7.125   02/01/2022 USD    22.424
Ukraine Government I   6.750   6/20/2026  EUR    32.851
Banco Espirito Santo   6.875   7/15/2016  EUR    24.500
Russian Foreign Bond   5.250   6/23/2047  USD    17.625
Offshore Drilling Ho   8.375   9/20/2020  USD     5.000
Frigoglass Finance B   6.875   02/12/2025 EUR    70.218
Credit Bank of Mosco   5.550   2/14/2023  USD    16.968
La Veggia Finance SA   7.125  11/14/2004  EUR     0.287
Barclays Bank PLC      2.328  11/29/2030  USD    70.706
Chelyabinsk Pipe Pla   4.500   9/19/2024  USD    10.000
niiio finance group    4.000   5/31/2026  EUR    75.000
LBI ehf                6.100   8/25/2011  USD    10.709
Cooperatieve Raboban   0.500  10/30/2043  MXN    13.302
Andrade Gutierrez In   9.500  12/30/2024  USD    61.375
Republic of Belarus    7.625   6/29/2027  USD    12.088
Intelsat Jackson Hol   8.500  10/15/2024  USD    44.491
Espirito Santo Finan   6.875  10/21/2019  EUR     0.244
Cirio Finanziaria Sp   8.000  12/21/2005  EUR     0.750
Landesbank Hessen-Th   1.650   5/27/2030  EUR     1.095
Novolipetsk Steel Vi   4.500   6/15/2023  USD    35.758
Vnesheconombank Via    6.025   07/05/2022 USD     5.132
Ville de Paris         0.450  10/20/2045  EUR    71.588
New World Resources    4.000   10/07/2020 EUR     0.376
Air Berlin PLC         5.625   05/09/2019 CHF     0.678
Havila Shipping ASA    5.170   01/02/2025 NOK    40.000
de Volksbank NV        0.125  11/19/2040  EUR    72.711
Mallinckrodt Interna   5.625  10/15/2023  USD    52.323
RUSNANO AO             6.750   12/12/2023 RUB    68.900
Quintet Private Bank   3.650  11/13/2023  EUR    51.300
State of Lower Austr   0.460   10/08/2049 EUR    70.445
Dexia SA               1.230              EUR     3.125
BPCE SA                1.703              EUR    65.898
Hema Bondco II BV      8.500   1/15/2023  EUR     0.113
German Pellets GmbH    7.250   07/09/2018 EUR     1.879
Land Berlin            0.100   1/18/2041  EUR    73.163
Bank Vontobel AG      15.000   11/07/2022 EUR    50.200
Nostrum Oil & Gas Fi   8.000   7/25/2022  USD    26.763
Norske Skogindustrie   2.000  12/30/2115  EUR     0.113
Banca Popolare di Vi   2.821  12/20/2017  EUR     0.100
Sairgroup Finance BV   4.375   06/08/2006 EUR     1.568
WPE International Co  10.375   9/30/2020  USD     5.000
Standard Profil Auto   6.250   4/30/2026  EUR    71.414
Free and Hanseatic C   0.200   09/03/2049 EUR    67.866
Polski Fundusz Rozwo   2.000   03/05/2030 PLN    70.306
Region de Bruxelles-   0.765   7/15/2052  EUR    69.618
German Pellets GmbH    7.250  11/27/2019  EUR     1.879
Rusal Capital DAC      5.300   05/03/2023 USD    40.000
Alpine Holding GmbH    6.000   5/22/2017  EUR     3.084
Nationale-Nederlande   0.050   11/12/2040 EUR    73.122
Sidetur Finance BV    10.000   4/20/2016  USD     0.770
Region Wallonne Belg   1.225   09/02/2120 EUR    57.652
Ukraine Government I   9.790   5/26/2027  UAH    48.452
Bilt Paper BV         10.360              USD     1.345
Rhaetische Bahn Stam   0.050   08/03/2050 CHF    67.757
Transports Publics D   0.450  12/29/2056  CHF    66.307
Enertronica Santerno   7.000  12/31/2022  EUR    69.000
Finmek International   7.000   12/03/2004 EUR     2.193
State of Lower Austr   1.000   9/15/2121  EUR    66.969
Polyus Finance PLC     4.700   1/29/2024  USD    26.665
City of Zurich Switz   0.250  11/24/2051  CHF    72.238
Ukraine Government I  11.670  11/22/2023  UAH    64.886
Novolipetsk Steel Vi   4.000   9/21/2024  USD    30.521
OGX Austria GmbH       8.375   04/01/2022 USD     0.002
Lehman Brothers UK C   6.900              USD     3.986
Midland Heart Capita   1.831   08/12/2050 GBP    74.800
CBo Territoria         3.750   07/01/2024 EUR     4.700
Joh Friedrich Behren   6.250   6/18/2024  EUR    28.812
Vnesheconombank Via    5.942  11/21/2023  USD     5.000
Ukraine Government I  12.520   5/13/2026  UAH    41.993
Kairos Global Soluti   1.900   07/03/2035 USD    69.704
Dolphin Drilling ASA   4.490   8/28/2019  NOK     0.644
Banco Espirito Santo   6.900   6/28/2024  EUR    24.500
Russian Railways JSC   7.850   07/10/2028 RUB    68.620
Windreich GmbH         6.500   7/15/2016  EUR     4.475
Free and Hanseatic C   0.400  11/23/2051  EUR    71.297
Dtek Renewables Fina   8.500   11/12/2024 EUR    36.881
Cooperatieve Raboban   0.500   7/30/2043  MXN    13.535
State Savings Bank o   7.293   1/19/2024  USD    26.460
Andrade Gutierrez In  11.000   8/20/2021  USD    57.257
AK BARS Bank Via AK    8.000   7/13/2022  USD    24.745
Russian Foreign Bond   5.625   04/04/2042 USD    22.131
Ukraine Government B  12.520   5/13/2026  UAH    41.993
Kommunekredit          0.869   11/12/2043 SEK    68.490
KTG Agrar SE           7.250  10/15/2019  EUR     1.869
Sibur Securities DAC   4.125   10/05/2023 USD    27.036
SAir Group             5.500   7/23/2003  CHF    12.625
Golfino AG             8.000  11/18/2023  EUR     0.020
Kommunekredit          0.869   11/12/2043 SEK    68.059
State of Brandenburg   0.125   1/26/2046  EUR    69.147
CB First Investment    8.000              EUR    71.610
Turkiye Is Bankasi A   6.125   4/25/2024  USD    99.240
Russian Agricultural   8.500  10/16/2023  USD     5.026
Rusal Capital DAC      4.850   02/01/2023 USD    30.653
Lloyds Bank PLC        0.256   9/29/2034  USD    69.145
CRC Breeze Finance S   6.110   05/08/2026 EUR    31.525
Communaute Francaise   0.788   8/30/2049  EUR    68.773
Cirio Del Monte NV     7.750   3/14/2005  EUR     0.355
Agrokor dd             9.125   02/01/2020 EUR    15.000
Assistance Publique    1.099   04/06/2071 EUR    66.427
Canton of Neuchatel    0.350   7/14/2050  CHF    71.791
Bank Nadra Via NDR F   8.250   7/31/2018  USD     0.208
State of Brandenburg   0.050   08/10/2040 EUR    72.754
Home Credit & Financ   8.000   06/01/2026 RUB    76.010
Takarek Mortgage Ban   3.000  10/22/2031  HUF    68.700
Romanian Government    3.375   1/28/2050  EUR    71.114
Assistance Publique    0.791   8/27/2051  EUR    70.834
Barclays Bank PLC      1.444  10/30/2034  USD    66.408
Stichting Afwikkelin   6.625   5/14/2018  EUR     5.375
Virgolino de Oliveir  10.875   1/13/2020  USD    36.000
Region Wallonne Belg   1.246   05/12/2070 EUR    67.180
Credit Suisse AG       0.500  12/16/2025  BRL    64.838
Region de Bruxelles-   1.100   6/22/2066  EUR    68.079
BPCE SA                2.450   2/24/2035  AUD    73.871
Pfandbriefzentrale d   0.050   10/06/2043 CHF    72.791
Grupo Isolux Corsan    1.000  12/30/2021  EUR     0.100
UBS AG/London         13.250   05/04/2022 USD    28.100
Sibur Holding PAO      1.500   10/01/2032 USD    26.000
Credit Bank of Mosco   8.875              USD     5.321
PJSC Koks via IMH Ca   5.900   9/23/2025  USD     5.660
City of Lausanne Swi   0.230   11/01/2060 CHF    61.560
Waste Italia SpA      10.500  11/15/2019  EUR     0.550
Kommunekredit          0.500   7/30/2027  TRY    20.201
BPCE SA                2.285   12/03/2035 AUD    70.970
Cattles Ltd            8.125   07/05/2017 GBP     0.027
Barclays Bank PLC      5.000   11/01/2029 BRL    62.782
Tonon Luxembourg SA    9.250   1/24/2020  USD     0.500
V-Bank AG              4.000              EUR    62.808
BASF SE                1.025   8/13/2048  JPY    71.715
Deutsche Bank AG       0.687   10/11/2049 EUR    55.193
Kingdom of Belgium G   0.459   7/23/2079  EUR    49.689
Serbia International   2.050   9/23/2036  EUR    69.199
NTRP Via Interpipe L  10.250   08/02/2017 USD    29.088
Erotik-Abwicklungsge   7.750   07/09/2019 EUR     0.779
Hellas Telecommunica   8.500  10/15/2013  EUR     0.834
Batigere Grand Est S   1.500  12/15/2051  EUR    70.355
Basque Government      1.000  10/31/2050  EUR    66.544
VTB Bank OJSC Via VT   6.250   6/30/2035  USD    22.000
Sberbank of Russia P   7.000   03/11/2031 RUB    70.000
Bank Julius Baer & C  13.250   01/05/2023 USD    45.700
Single Platform Inve   0.656   9/20/2050  EUR    64.372
Phosphorus Holdco PL  10.000   04/01/2019 GBP     1.500
Banco Espirito Santo   2.403              EUR     0.254
Haya Real Estate SA    5.250  11/15/2022  EUR    69.708
Republic of Ireland    1.230   6/23/2121  EUR    72.610
Barclays Bank PLC      1.092   7/28/2034  USD    64.336
Privatbank CJSC Via   10.875   2/28/2018  USD     8.000
Lloyds Bank PLC        0.444   7/29/2033  USD    65.475
Bayer Construct Epit   3.700  10/21/2031  HUF
Societe Nationale SN   1.280   3/27/2120  EUR    55.832
Turkey Government Bo   1.500   10/09/2024 TRY
VTB Bank PJSC          3.750              EUR    56.000
Ukraine Government B   3.700  12/22/2022  USD    68.002
VTB Bank PJSC          7.600   04/02/2031 RUB    62.000
Stichting Afwikkelin   2.275              EUR     0.622
A-TEC Industries AG    8.750  10/27/2014  EUR     0.100
Sibur Securities DAC   2.950   07/08/2025 USD    27.454
J&T Energy Financing   4.250   2/18/2027  EUR    76.358
Irish Bank Resolutio   0.566   6/21/2016  EUR     0.500
Norwegian Air Shuttl   6.375  11/15/2024  USD    46.912
Russian Post FGUP      5.070  11/17/2023  RUB    60.090
BOA Offshore AS        0.409   7/17/2047  NOK     5.256
Agrokor dd Via Aquar   4.921   08/08/2017 EUR    14.625
Infogroup Holding Kf   3.000   5/20/2031  HUF    65.350
Moby SpA               7.750   2/15/2023  EUR    73.501
State of Brandenburg   0.300   10/04/2049 EUR    70.086
Muenchener Hypotheke   0.250  10/31/2044  CHF    73.117
Green City Energy Kr   5.000  12/31/2036  EUR    12.100
SiC Processing GmbH    7.125   03/01/2016 EUR     1.449
Ukraine Government I  11.670  11/22/2023  UAH    64.886
Orient Express Bank    2.000              USD    19.964
Serbia International   1.650   03/03/2033 EUR    72.261
Resa SA/Belgium        1.950   7/22/2036  EUR    50.010
Kingdom of Belgium G   1.170   05/12/2121 EUR    67.133
Alno AG                8.000   3/21/2019  EUR    15.000
Free and Hanseatic C   0.300   9/16/2050  EUR    69.504
Russian Foreign Bond   5.875   9/16/2043  USD    22.460
Region Wallonne Belg   1.000   9/16/2059  EUR    67.473
BPCE SA                2.550   06/09/2035 AUD    74.232
Steilmann SE           7.000   9/23/2018  EUR     1.429
Caisse des Depots et   0.398  12/15/2050  EUR    71.135
Romanian Government    2.625   12/02/2040 EUR    69.869
SCF Capital Designat   3.850   4/26/2028  USD    15.114
Bulgaria Steel Finan  12.000   05/04/2013 EUR     0.216
Credit Agricole SA     3.000   1/28/2041  AUD    65.333
Barclays Bank PLC      1.072  12/30/2030  USD    72.051
Ukraine Government I  10.000   8/23/2023  UAH    69.318
NRW Bank               0.106   8/17/2050  EUR    67.539
VIS Finance LLC        9.150   3/22/2024  RUB    71.800
OR PJSC               12.000   9/22/2022  RUB    18.700
Del Monte Finance Lu   6.625   5/24/2006  EUR     4.335
LP Portfolio Vagyonk   3.400   9/23/2031  HUF    60.000
Ukraine Government I   7.750   09/01/2027 USD    34.249
MOL Hungarian Oil &    1.900   04/12/2031 HUF    61.700
Steilmann SE           7.000   03/09/2017 EUR     1.429
Russian Foreign Bond   1.850  11/20/2032  EUR    15.093
Societe Du Grand Par   0.576  10/29/2052  EUR    67.123
Republic of Ireland    1.320  11/28/2119  EUR    61.265
Deutsche Bank AG       1.725   1/16/2045  EUR    63.078
SNCF Reseau            1.425   8/14/2119  EUR    66.025
Russian Foreign Bond   4.875   9/16/2023  USD    26.319
DZ Bank AG Deutsche    0.550   4/29/2024  EUR    42.126
Ville de Paris         0.831   2/23/2056  EUR    69.708
Romanian Government    3.375   1/28/2050  EUR    71.135
Credit Suisse Intern   9.500   3/24/2026  UAH    63.550
Ahtium PLC             4.000  12/16/2015  EUR     0.586
Region de Bruxelles-   0.592   12/10/2061 EUR    58.432
DekaBank Deutsche Gi   7.650   03/10/2023 EUR    32.330
Leonteq Securities A   8.380   7/20/2022  CHF    40.600
Virgolino de Oliveir  11.750   02/09/2022 USD     0.500
Regie Autonome des T   0.938   5/25/2050  EUR    72.761
Ukraine Government B   3.890   02/02/2023 USD    63.855
Kingdom of Belgium G   0.650   6/22/2071  EUR    57.924
Elli Investments Ltd  12.250   6/15/2020  GBP    52.250
Barclays Bank PLC     10.200   2/16/2023  USD    51.200
Grupo Isolux Corsan    6.000  12/30/2021  EUR     0.263
Windreich GmbH         6.250   03/01/2015 EUR     4.475
Ville de Paris         0.850   08/04/2051 EUR    73.425
Turkey Government In   4.875   4/16/2043  USD    68.838
Espirito Santo Finan   5.050  11/15/2025  EUR     0.290
Van Lanschot Kempen    1.410   04/04/2024 EUR   100.150
OR PJSC               12.000  11/14/2024  RUB    17.380
Windreich GmbH         6.500   03/01/2015 EUR     4.475
Gebr Sanders GmbH &    8.750  10/22/2018  EUR     9.375
Landeskreditbank Bad   0.610  11/17/2050  EUR    73.636
Legenda OOO            9.950   04/08/2025 RUB    70.100
Russian Foreign Bond   4.375   3/21/2029  USD    13.000
Assistance Publique    0.634   8/27/2045  EUR    73.190
Finance and Credit B   9.250   1/25/2019  USD     0.001
Windreich GmbH         6.750   03/01/2015 EUR     4.475
WEB Windenergie AG     2.250   9/25/2028  EUR     0.010
DZ Bank AG Deutsche   11.680   8/26/2022  EUR    51.470
Norske Skog Holding    8.000   2/24/2021  EUR     0.006
Romanian Government    2.750   4/14/2041  EUR    70.442
Region de Bruxelles-   0.444   3/19/2057  EUR    55.173
Single Platform Inve   0.363   2/15/2041  EUR    67.233
Depfa Funding II LP    6.500              EUR    61.379
Credit Bank of Mosco   7.121   6/25/2024  USD    20.909
Intelsat Jackson Hol   9.750   7/15/2025  USD    44.512
Societe Generale SA   21.000  12/23/2022  USD    62.800
Joh Friedrich Behren   7.750   11/11/2020 EUR    29.250
German Pellets GmbH    7.250   04/01/2016 EUR     1.879
Sairgroup Finance BV   6.625   10/06/2010 EUR     1.568
Pescanova SA           5.125   4/20/2017  EUR     0.319
Alpine Holding GmbH    5.250   07/01/2015 EUR     3.084
Ukraine Government I   7.253   3/15/2033  USD    32.250
State of Rhineland-P   0.375   7/20/2048  EUR    70.368
Agrokor dd             8.875   02/01/2020 USD    15.000
Rio Forte Investment   4.000   7/22/2014  EUR     4.411
Stichting Afwikkelin   8.450   8/20/2018  USD     5.375
Futureal Development   3.500  11/16/2036  HUF    74.000
Vontobel Financial P   9.400   5/13/2022  EUR    41.970
Credit Bank of Mosco   4.500   7/15/2022  RUB    61.020
Societe Generale SA   17.604   8/24/2023  USD    48.500
Credit Bank of Mosco   5.150   2/20/2024  EUR    14.965
Land Baden-Wuerttemb   0.375   7/20/2048  EUR    71.570
Grenke Finance PLC     0.819   2/15/2030  EUR    70.853
Region Hauts-de-Fran   0.402   2/18/2043  EUR    72.009
Republic of Ireland    0.740  11/27/2120  EUR    50.909
Centrosolar Group AG   7.000   2/15/2016  EUR     2.505
Single Platform Inve   1.023   2/15/2046  EUR    73.867
Sibur Securities DAC   3.450   9/23/2024  USD    38.000
Steilmann SE           6.750   6/27/2017  EUR     2.184
State of Mecklenburg   0.239  11/17/2070  EUR    57.921
Cooperatieve Raboban   0.500  10/29/2027  MXN    59.186
Aralco Finance SA     10.125   05/07/2020 USD     3.224
Spain Government Bon   1.450  10/31/2071  EUR    64.379
UBS AG/London         16.000  12/29/2022  CHF    67.150
Alteo Nyrt             3.150  10/28/2029  HUF    66.700
Slovenia Government    1.175   2/13/2062  EUR    73.031
Republic of Ireland    0.835   07/08/2080 EUR    70.406
Societe Du Grand Par   1.149   04/08/2069 EUR    65.831
Single Platform Inve   1.150   5/25/2066  EUR    70.979
Regie Autonome des T   0.875   8/18/2080  EUR    76.050
BNG Bank NV           10.010   6/17/2025  TRY    54.948
Muenchener Hypotheke   0.550   2/18/2046  CHF    71.360
ITK Holding zrt        2.900   6/23/2031  HUF    63.100
Credit Bank of Mosco   0.010  10/27/2023  RUB
Lloyds Bank PLC        1.836  10/25/2033  USD    67.981
Senvion Holding GmbH   3.875  10/25/2022  EUR     0.286
Autonomous Community   1.744   07/01/2061 EUR    70.504
EFG International Fi   8.000   06/10/2022 CHF    63.250
WEB Windenergie AG     4.500              EUR     0.010
Caixa Economica Mont   5.000              EUR    50.010
Specialfastigheter S   1.120   2/19/2044  SEK    68.395
Grand Delta Habitat    1.285   11/06/2040 EUR    73.270
Minicentrales Dos SA   0.010   06/06/2047 EUR    59.125
Haya Real Estate SA    5.125  11/15/2022  EUR    69.769
Batigere Grand Est S   1.400   8/31/2050  EUR    67.280
Autonomous Community   1.138  11/22/2052  EUR    67.880
Region Wallonne Belg   1.550   4/28/2120  EUR    67.961
Chelyabinsk Pipe Pla   7.900   06/08/2027 RUB    92.660
Single Platform Inve   0.932   2/15/2041  EUR    73.575
Elli Finance UK PLC    8.750   6/15/2019  GBP    65.125
Kardan NV              6.325   2/21/2021  ILS
Air Berlin Finance B   8.500   03/06/2019 EUR     0.401
Region de Bruxelles-   0.640   7/20/2045  EUR    71.748
Slovenia Government    0.488  10/20/2050  EUR    64.683
Single Platform Inve   1.548  10/31/2050  EUR    58.911
Golden Gate AG         6.500   10/11/2014 EUR    33.000
Societe Generale SA   10.000   5/31/2034  USD    71.750
B+N Referencia Ipari   3.500   6/24/2031  HUF    70.200
Lloyds Bank PLC        0.500   7/26/2028  MXN    55.105
Single Platform Inve   0.559   2/15/2047  EUR    64.605
State of Hesse         0.227   8/20/2049  EUR    67.122
Thomas Cook Group PL   6.250   6/15/2022  EUR     0.518
BPCE SA                2.315  11/19/2035  AUD    71.296
JP Morgan Structured  12.000   01/04/2027 ZMW
Societe Generale SA    8.600   7/29/2022  USD    43.800
Credit Suisse AG/Lon   4.700  11/30/2022  USD     9.523
COFIDUR SA             0.100  12/31/2024  EUR    24.050
VTB Bank PJSC         13.000              RUB    65.050
OGX Austria GmbH       8.500   06/01/2018 USD     0.002
French Republic Gove   0.500   5/25/2072  EUR    54.457
Ville de Paris         0.650  11/25/2070  EUR    56.173
International Financ   0.500   6/29/2027  ZAR    63.921
Nostrum Oil & Gas Fi   7.000   2/16/2025  USD    27.428
Deutsche Bank AG/Lon   0.348  11/26/2034  USD    61.681
Baromfi-Coop Termelo   3.000   7/19/2031  HUF    72.500
Leonteq Securities A   8.510   5/27/2022  USD    26.580
Maxima Telecom        10.750   7/14/2026  RUB    65.020
Hell Energy Magyaror   3.000   7/28/2031  HUF    73.400
SALVATOR Vermoegensv   9.500              EUR     7.400
Russian Railways JSC  10.150   9/20/2039  RUB    60.080
Single Platform Inve   0.745   2/15/2047  EUR    68.041
UniCredit Bank AG      4.450   4/29/2022  EUR    66.000
State of Lower Austr   0.400  10/13/2050  EUR    68.249
Region de Bruxelles-   0.910   1/31/2053  EUR    72.257
International Bank o   8.250   10/09/2024 USD    60.375
Russian Railways JSC   9.130   4/29/2043  RUB    60.080
Zurcher Kantonalbank  15.200   9/21/2022  USD    30.560
Russian Railways JSC   9.730   8/18/2033  RUB    60.080
Minicentrales Dos SA   0.010   06/06/2047 EUR    66.875
Barclays Bank PLC      1.092   7/28/2031  USD    70.812
Region Wallonne Belg   0.638   6/21/2047  EUR    69.145
Russian Foreign Bond   4.500   04/04/2022 USD    23.326
Transports Publics N   0.320  10/28/2037  CHF    71.673
Ukraine Government I   9.790   5/26/2027  UAH    48.452
Cooperatieve Raboban   0.500   1/31/2033  MXN    34.614
Ukraine Government I  10.000   8/23/2023  UAH    69.318
Communaute Francaise   1.010   7/19/2051  EUR    72.337
Ukraine Government B  10.710   4/26/2028  UAH    30.492
Finland Government B   0.125   4/15/2052  EUR    67.061
Espirito Santo Finan   5.050  11/15/2025  EUR     0.290
UkrLandFarming PLC    10.875   3/26/2018  USD     1.522
UBS AG/London          6.500   8/15/2022  USD    58.700
Banque International  15.000   01/05/2023 EUR    39.160
Republic of Belarus    5.875   2/24/2026  USD    13.000
Single Platform Inve   0.740   04/01/2042 EUR    73.313
O1 Properties Financ   0.500   9/27/2028  USD     6.203
Single Platform Inve   0.833   2/15/2041  EUR    73.593
Bibby Offshore Servi   7.500   6/15/2021  GBP    11.625
Portugal Obrigacoes    1.000   04/12/2052 EUR    69.055
BNP Paribas SA         0.500  11/16/2032  MXN    31.610
getgoods.de AG         7.750   10/02/2017 EUR     0.527
Veneto Banca SpA       6.411              EUR     0.345
DZ Bank AG Deutsche    4.000   6/24/2022  EUR    73.560
VTB Bank PJSC          0.010   05/01/2025 RUB    62.510
OR PJSC               11.500   7/28/2024  RUB    18.380
BNP Paribas Issuance   5.000   11/05/2024 EUR    38.680
Region Wallonne Belg   1.222   6/24/2080  EUR    62.757
Republic of Ireland    0.740   9/22/2078  EUR    67.472
Krakowski Bank Spold   8.020   9/20/2023  PLN    70.000
Intelsat Jackson Hol   9.750   7/15/2025  USD    44.512
State of Saxony-Anha   0.475   9/30/2050  EUR    72.604
National Grid Electr   1.690   9/16/2041  GBP    72.604
BNP Paribas SA         0.500   9/29/2029  AUD    72.006
Region de Bruxelles-   0.808   1/31/2050  EUR    70.848
Rio Forte Investment   4.750   11/10/2015 EUR     4.423
Lehman Brothers Trea   1.214   10/05/2035 EUR     0.100
Wirtschafts- und Inf   0.500   8/28/2046  EUR    72.908
Ville de Paris         0.758   8/20/2060  EUR    64.997
BNP Paribas SA        20.200   5/31/2022  USD    37.750
Luzerner Kantonalban  23.000   06/07/2022 CHF    21.370
DZ Bank AG Deutsche    8.900   6/24/2022  EUR    71.000
Deutsche Bank AG/Lon  13.750   6/20/2026  TRY    46.958
Ukraine Government I   9.990   5/22/2024  UAH    55.440
Specialfastigheter S   1.180   12/02/2044 SEK    69.769
Republic of Austria    0.700   4/20/2071  EUR    66.342
Astana Finance BV      7.875   06/08/2010 EUR    16.000
Republic of Belarus    6.200   2/28/2030  USD    13.000
Russian Railways JSC   6.850   07/05/2027 RUB    67.800
Gazprombank JSC        5.650   6/27/2024  RUB    76.150
Credit Suisse AG/Lon   5.800   7/26/2023  USD     9.570
Wingholding Zrt        3.000   9/22/2031  HUF    63.400
Credit Suisse AG/Lon   8.450   06/07/2023 USD     9.770
Hell Energy Magyaror   2.700  12/18/2029  HUF    65.900
DekaBank Deutsche Gi   7.050   4/28/2023  EUR    52.150
Russian Post FGUP      2.750   12/06/2023 RUB    60.090
Decipher Production   12.500   9/27/2019  USD     1.500
Ukraine Government B   3.900   10/05/2023 USD    41.225
Sequa Petroleum NV     5.000   4/29/2020  USD    30.250
Ministeries Van de V   0.634  11/19/2060  EUR    60.641
Grand Delta Habitat    1.500   09/01/2049 EUR    71.526
VTB Bank PJSC         11.250   05/06/2037 RUB    58.000
SkyGreen Buildings K   3.000  12/29/2030  HUF    67.300
VTB Bank PJSC         10.000              RUB    50.030
Tonon Luxembourg SA    9.250   1/24/2020  USD     0.500
Republic of Austria    0.850   6/30/2120  EUR    55.709
Peine GmbH             2.000   07/05/2023 EUR    44.500
Region de Bruxelles-   0.562  12/23/2065  EUR    53.623
Alpine Holding GmbH    5.250   06/10/2016 EUR     3.084
State of Lower Austr   0.550  11/13/2080  EUR    50.547
Luminis SA             1.800   09/02/2059 EUR    54.195
National Treasury Ma   1.190   10/07/2101 EUR    71.324
Agrokor dd             9.125   02/01/2020 EUR    15.000
Portugal Telecom Int   5.242   11/06/2017 EUR     0.694
Russian Foreign Bond   4.750   5/27/2026  USD    20.313
Communaute Francaise   1.000   10/08/2069 EUR    60.344
Tonon Luxembourg SA   12.500   5/14/2024  USD     0.399
UBS AG/London          0.120   5/25/2040  MXN    14.308
Corner Banca SA        6.600   08/02/2022 CHF    24.430
AKB Peresvet ZAO       0.510   2/14/2032  RUB    13.000
Veragold Mining Co G   5.000  12/31/2022  EUR    56.000
Retail Bel Finance L  10.350   03/05/2026 RUB    77.550
TBI Bank EAD           5.250   7/30/2031  EUR    56.225
Agrokor dd             9.875   05/01/2019 EUR    15.000
Ahtium PLC             9.750   04/04/2017 EUR     0.726
Ministeries Van de V   1.095   06/03/2055 EUR    72.593
Deutsche Agrar Holdi   7.250   9/28/2018  EUR     0.726
Region Wallonne Belg   1.135   10/10/2069 EUR    64.896
Communaute Francaise   0.392   1/22/2041  EUR    70.874
A-TEC Industries AG    2.750   05/10/2014 EUR     0.100
Depfa Funding III LP   0.235              EUR    61.051
Region de Bruxelles-   1.020   4/30/2060  EUR    69.022
Ukreximbank Via Biz    7.623   02/09/2023 USD    31.731
Societe Generale SA   18.000   05/02/2024 USD    36.850
Landesbank Baden-Wue   3.300  11/25/2022  EUR    67.870
DZ Bank AG Deutsche   12.200   9/23/2022  EUR    74.250
DZ Bank AG Deutsche    5.800   9/23/2022  EUR    75.510
DeltaCredit Bank JSC   1.000   5/18/2026  RUB    55.860
Pongs & Zahn AG        8.500   11/01/2014 EUR     0.130
Ukraine Government I   9.990   5/22/2024  UAH    55.440
Ukraine Government B  10.570   05/10/2027 UAH    33.412
Region Wallonne Belg   1.165   6/29/2059  EUR    70.131
Specialfastigheter S   1.280   9/20/2049  SEK    66.978
Communaute Francaise   1.581   1/23/2120  EUR    65.334
Mox Telecom AG         7.250   11/02/2017 EUR     2.270
OR PJSC               11.000  12/29/2024  RUB    15.610
SFO VTB Investment P   0.010   03/10/2023 RUB    79.000
Retail Bel Finance L   9.450   5/28/2025  RUB    81.500
Skandinaviska Enskil   9.500   7/17/2023  SEK    68.430
Sberbank of Russia P   0.010   6/22/2028  RUB    54.900
Trans-Sped Logisztik   2.500   3/16/2030  HUF
Credit Bank of Mosco   0.010   9/18/2023  RUB
Russian Railways JSC   9.390   2/28/2040  RUB    60.080
JP Morgan Structured  11.000  12/30/2026  ZMW    67.712
Dr Wiesent Sozial gG   7.000              EUR     0.011
Ukraine Government I   7.750   09/01/2026 USD    34.497
Ukraine Government B   8.120   11/10/2035 UAH    18.336
Single Platform Inve   0.924   2/18/2049  EUR    66.881
Wirtschafts- und Inf   0.200  12/14/2045  EUR    68.437
Ukraine Government B  12.940   2/14/2024  UAH    62.921
KPNQwest NV           10.000   3/15/2012  EUR     0.453
Hungary Government I   1.500  11/17/2050  EUR    64.948
Harp Issuer PLC        1.400   2/14/2032  USD    72.366
Officine Maccaferri-   5.750   06/01/2021 EUR    16.959
LSF9 Balta Issuer SA   3.000  12/31/2030  EUR    69.935
Russian Railways JSC   9.130   5/29/2035  RUB    79.000
Societe Generale SA   17.000   1/17/2030  USD    63.700
Erste Group Bank AG    4.500  10/15/2022  EUR    58.900
Leonteq Securities A   7.500   6/28/2022  CHF    67.640
Erste Group Bank AG    4.100   4/30/2022  EUR    34.750
UBS AG/London          9.750   3/17/2023  CHF    46.050
United Engine Corp J  11.500   6/26/2024  RUB    61.070
SAir Group             4.250   02/02/2007 CHF    12.625
Republic of Belarus    6.378   2/24/2031  USD    13.333
Russian Foreign Bond   5.100   3/28/2035  USD    14.167
KPNQwest NV            8.875   02/01/2008 EUR     0.453
Ukraine Government B  11.780   5/27/2026  UAH    40.269
CDC Habitat SEM        0.853   2/15/2041  EUR    71.064
Heta Asset Resolutio   7.500  12/31/2023  ATS     4.870
OPUS TIGAZ Gazhaloza   2.800   3/24/2031  HUF    73.200
Societe Generale SA   15.000   05/02/2024 USD    31.950
Bank Vontobel AG      20.504   05/12/2022 CHF    55.000
VTB Bank PJSC         10.000              RUB    62.000
RENE LEZARD Mode Gmb   7.250  11/25/2017  EUR     0.111
DekaBank Deutsche Gi   3.970   02/09/2023 EUR    72.750
Credit Suisse AG/Lon   4.450   6/28/2023  USD     9.210
DZ Bank AG Deutsche   12.640   5/27/2022  EUR    59.350
Credit Suisse AG/Lon   4.710   8/24/2022  USD     9.820
Landesbank Baden-Wue   3.900   6/24/2022  EUR    65.190
VTB Bank PJSC          8.400   5/21/2030  RUB    65.000
Russian Railways JSC   9.390   2/28/2040  RUB    60.080
VTB Bank PJSC          0.010  11/18/2025  RUB    55.050
Sberbank of Russia P   0.010  11/30/2028  RUB    55.700
Leonteq Securities A  22.220   9/16/2022  CHF    41.620
Kalita OOO            13.000   8/18/2024  RUB     8.300
Russian Railways JSC   9.130  11/29/2028  RUB    60.080
SAir Group             0.125   07/07/2005 CHF    12.625
Ukraine Government B  11.290   11/10/2025 UAH    42.945
Barclays Bank PLC      0.475   2/28/2034  USD    67.579
Ville de Paris         0.921   5/26/2053  EUR    73.312
Republic of Poland G   1.250  10/25/2030  PLN    68.085
Cooperatieve Raboban   0.500  11/30/2027  MXN    58.121
Vontobel Financial P   7.500  12/23/2022  USD    60.500
Russian Railways JSC   9.130   06/08/2028 RUB    60.080
Sonnedix Energy Tau    2.200  12/31/2038  EUR    75.000
DVM Construction Fov   3.000   7/29/2030  HUF    66.500
UBS AG/London          8.250  11/21/2022  CHF    57.900
Bank Vontobel AG      11.000   02/06/2023 CHF    49.100
Societe Generale Eff   4.000  11/22/2022  USD    56.630
BF Garant-Invest OOO  10.000  12/25/2023  RUB    72.210
VTB Bank PJSC          0.010   10/06/2023 RUB    65.010
RUSAL Bratsk OJSC      0.010   04/07/2026 RUB    65.510
WEB Windenergie AG     6.250              EUR     0.010
Norske Skog Holding    8.000   2/24/2021  EUR     0.006
Barclays Bank PLC      1.072  12/30/2030  USD    68.125
Veneto Banca SpA       6.950   2/25/2025  EUR     0.571
Rena GmbH              7.000  12/15/2015  EUR     2.096
Republic of Ireland    0.810   07/10/2079 EUR    69.787
ECM Real Estate Inve   5.000   10/09/2011 EUR    15.375
City of Kyiv Via PBR   7.500  12/15/2022  USD    35.000
Banca Popolare di Vi   9.500   10/02/2025 EUR     0.049
Vasakronan AB          2.400   6/20/2044  SEK    72.293
Region de Bruxelles-   0.731   8/25/2060  EUR    61.161
A-TEC Industries AG    5.750   11/02/2010 EUR     0.100
Ukraine Government B  12.300   07/03/2024 UAH    54.171
New World Resources    8.000   04/07/2020 EUR     0.001
Cie Generale de Navi   0.350  12/29/2056  CHF    63.969
Kalita OOO            13.000   9/21/2025  RUB     8.800
Naftatrans Plyus OOO  12.000   2/20/2026  RUB    76.800
State of Saxony-Anha   1.258   07/03/2028 EUR    60.000
Societe Generale SA   21.660   2/24/2028  USD    71.750
Eltex Kft              3.500  12/21/2028  HUF    72.250
Leonteq Securities A   6.770   5/27/2022  USD    52.360
UBS AG/London          6.500   10/02/2024 USD    71.500
Takarek Mortgage Ban   3.000   8/21/2030  HUF    71.300
Credit Suisse AG/Lon  18.500  12/14/2026  USD    68.240
Sberbank of Russia P   0.010  11/13/2026  TRY    67.100
Nordea Bank Abp        5.813   7/20/2024  SEK    68.100
Federal Grid Co Unif   9.390   3/23/2050  RUB    62.480
Federal Grid Co Unif   9.390   3/23/2050  RUB    61.880
Leonteq Securities A  14.000   02/03/2023 CHF    58.330
MET Hungary Solar Pa   3.800   12/02/2031 HUF    72.900
Societe Generale SA    2.050   12/02/2035 USD    68.315
Ukraine Government I   7.750   09/01/2023 USD    41.855
Societe Generale SA    2.200  12/17/2040  USD    71.490
Region de Bruxelles-   0.274   12/11/2040 EUR    72.374
BPCE SA                2.250   3/13/2040  AUD    66.373
Turkey Government Bo  11.700  11/13/2030  TRY    64.450
French Republic Gove   0.750   5/25/2053  EUR    73.980
Ukraine Government B  11.800   3/25/2026  UAH    41.368
Lehman Brothers Trea   2.000   3/16/2035  EUR     0.100
Bulgaria Steel Finan  12.000   05/04/2013 EUR     0.216
Lehman Brothers Trea   2.875   3/14/2013  CHF     0.100
Norske Skogindustrie   7.125  10/15/2033  USD     0.010
New World Resources    4.000   10/07/2020 EUR     0.376
Mriya Agro Holding P   9.450   4/19/2018  USD     4.667
Deutsche Bank AG/Lon   0.500  10/18/2038  MXN    15.142
Nordea Bank Abp        4.100   7/20/2023  SEK    50.880
Takarek Mortgage Ban   2.600  10/22/2028  HUF    74.500
Federal Grid Co Unif  10.150   09/07/2048 RUB    60.080
Russian Railways JSC  10.150   9/19/2033  RUB    71.000
MS Deutschland Betei   6.875  12/18/2017  EUR     0.700
SG Issuer SA           6.130   1/20/2024  SEK    73.440
Maxima Telecom         9.750   5/21/2024  RUB    61.850
Pannon Work Szemelyz   3.000  10/30/2030  HUF    67.500
DZ Bank AG Deutsche    4.050   5/27/2022  EUR    79.430
VTB Bank PJSC          0.010   6/17/2026  RUB
SAir Group             5.125   03/01/2003 CHF    12.750
Vontobel Financial P   6.500   6/24/2022  EUR    71.830
UniCredit Bank AG      4.500  10/26/2022  EUR    74.220
Raiffeisen Schweiz G   9.500   05/02/2023 CHF    76.590
Credit Suisse AG/Lon  13.700   9/25/2023  USD    48.290
Muehl Product & Serv   6.750   03/10/2005 DEM     0.104
Commerzbank AG         0.060  11/19/2029  EUR    75.330
Ukraine Government B   8.750   2/16/2033  UAH    20.402
Norske Skogindustrie   7.125  10/15/2033  USD     0.010
Banco Espirito Santo  10.000   12/06/2021 EUR     0.523
Hungary Government B   4.000   4/28/2051  HUF    64.963
UBS AG/London          5.520   4/29/2041  USD    57.993
Region de Bruxelles-   1.225   6/21/2070  EUR    70.351
Credito Padano Banca   3.100              EUR    34.008
Kreditanstalt fuer W   0.693   02/08/2050 EUR    70.954
Credit Agricole SA     3.270   10/05/2041 AUD    69.155
Societe Generale SA    2.050   2/22/2031  AUD    75.043
Region de Bruxelles-   0.845   9/30/2059  EUR    63.552
Waste Italia SpA      10.500  11/15/2019  EUR     0.550
Aargau Verkehr AG      0.270  11/29/2049  CHF    73.534
Societe Generale SA    5.000   01/10/2023 USD    42.470
Zurcher Kantonalbank  21.250   10/04/2022 CHF    71.100
DekaBank Deutsche Gi  11.200  12/23/2022  EUR    48.370
Russian Post FGUP      6.600  11/13/2030  RUB    67.260
VTB Bank PJSC          2.000   11/10/2023 RUB    62.010
Societe Generale SA   10.000   6/28/2034  USD    70.250
UniCredit Bank AG      4.500   10/05/2022 EUR    59.060
DekaBank Deutsche Gi   5.970   02/09/2023 EUR    67.180
Leonteq Securities A  24.020   6/29/2022  CHF    30.130
Zurcher Kantonalbank   3.000   09/06/2022 EUR    73.810
BNP Paribas Issuance   6.310   07/05/2023 SEK    73.050
UniCredit Bank AG      6.600   7/20/2028  EUR    38.290
DekaBank Deutsche Gi   5.600   4/25/2022  EUR    61.620
Zurcher Kantonalbank   6.000   4/14/2023  CHF    63.390
Societe Generale SA   24.000  11/20/2025  USD    68.150
Opus Global Nyrt       2.800  10/29/2029  HUF    74.500
UniCredit Bank AG      4.750   12/04/2023 EUR    71.290
SFO VTB Investment P   0.010  11/13/2023  RUB    65.000
Northland Resources   15.000   7/15/2019  USD     2.621
Ukraine Government B   6.000   4/23/2031  UAH    15.570
Single Platform Inve   0.815   04/01/2042 EUR    69.695
Solarwatt GmbH         7.000   11/01/2015 EUR    15.500
Ukraine Government B  12.500   3/27/2024  UAH    60.954
Societe Generale SA    2.696   6/30/2035  USD    66.219
NatWest Markets PLC    0.576   8/18/2031  USD    71.123
Agence Francaise de    0.368   01/12/2046 EUR    73.998
Region de Bruxelles-   1.040   05/03/2061 EUR    69.901
Autonomous Community   1.089  10/31/2049  EUR    70.284
Ministeries Van de V   0.400  11/20/2043  EUR    71.847
Region Wallonne Belg   1.150   09/02/2120 EUR    54.319
Single Platform Inve   0.810   04/01/2042 EUR    72.111
BPCE SA                2.250   3/13/2040  AUD    65.927
Heta Asset Resolutio   0.297  12/31/2023  EUR     4.870
Communaute Francaise   1.040   7/19/2101  EUR    65.143
Societe Nationale SN   1.400   5/18/2120  EUR    60.623
Lehman Brothers Trea  11.000  12/20/2017  AUD     0.100
DZ Bank AG Deutsche    9.410   8/26/2022  EUR    34.070
Skandinaviska Enskil   6.500   1/15/2024  SEK    74.850
SG Issuer SA           6.940   1/20/2025  SEK    66.920
Federal Grid Co Unif   9.730   4/27/2048  RUB    60.080
VTB Bank PJSC          0.010   5/19/2024  RUB    51.850
VTB Bank PJSC          0.010   04/05/2024 RUB    68.010
Skandinaviska Enskil   8.600   7/17/2023  SEK    67.490
DZ Bank AG Deutsche   18.800   9/23/2022  EUR    69.630
Leonteq Securities A  21.420   05/11/2022 CHF    23.180
Credit Suisse AG/Lon  13.250   05/04/2022 USD    41.290
Leonteq Securities A   6.300   7/17/2023  EUR    77.590
Credit Suisse AG/Lon  10.000   7/22/2022  CHF    21.220
DZ Bank AG Deutsche   11.500   6/24/2022  EUR    71.110
EFG International Fi  10.600   8/23/2023  EUR    63.630
Severo-Zapadnaya Kon  12.150   9/26/2031  RUB    57.010
Progress Etteremhalo   3.000   9/18/2030  HUF    71.300
Russian Railways JSC   5.910  10/15/2040  RUB    60.080
Norske Skog Holding    8.000   2/24/2023  USD     0.006
Espirito Santo Finan   0.606  10/27/2024  EUR     0.297
Muenchener Hypotheke   1.010   08/06/2044 EUR    71.856
Region de Bruxelles-   0.540   9/13/2044  EUR    71.309
Wirtschafts- und Inf   0.138   8/23/2044  EUR    67.837
Credit Agricole Corp   2.610   7/27/2050  USD    69.041
Pescanova SA           8.750   2/17/2019  EUR     0.319
Region de Bruxelles-   0.690   6/22/2050  EUR    68.414
Elli Investments Ltd  12.250   6/15/2020  GBP    52.250
Region Wallonne Belg   0.850   1/26/2071  EUR    56.209
Lehman Brothers Trea   8.000  10/23/2008  USD     0.100
Akademiska Hus AB      1.252   2/13/2043  SEK    70.912
Agence Francaise de    2.360   1/30/2045  AUD    74.430
Cooperatieve Raboban   0.500  12/29/2027  MXN    57.486
Single Platform Inve   0.780   2/15/2040  EUR    73.770
Credit Agricole SA     3.000   1/19/2041  AUD    63.254
Communaute Francaise   0.782   02/08/2061 EUR    59.714
Ukraine Government B   6.000   11/12/2025 UAH    33.900
Agrokor dd             8.875   02/01/2020 USD    15.000
Ukraine Government B   9.500   3/19/2025  UAH    45.516
Ukraine Government B  11.970   4/16/2025  UAH    48.706
Single Platform Inve   1.075   6/26/2052  EUR    73.029
Credit Suisse AG/Lon   8.500   09/09/2022 EUR    67.540
Skandinaviska Enskil   8.300   7/17/2023  SEK    67.170
Credit Suisse AG/Lon  10.000  11/30/2022  CHF    34.400
VTB Bank PJSC          0.010   9/14/2024  RUB    55.440
Landesbank Baden-Wue   4.050   3/24/2023  EUR    37.300
DekaBank Deutsche Gi   2.600   08/12/2022 EUR    74.420
B+N Referencia Ipari   2.900  12/20/2029  HUF    68.900
Russian Railways JSC   9.130   5/20/2044  RUB    60.080
Credit Bank of Mosco   0.010  12/19/2022  RUB    62.000
Credit Bank of Mosco   4.000   7/15/2022  RUB    61.000
DZ Bank AG Deutsche    5.000   6/24/2022  EUR    72.880
Bank Julius Baer & C  22.500   05/03/2022 CHF    47.200
Credit Suisse AG/Lon   4.600   11/09/2022 USD
Citigroup Global Mar  12.000   2/13/2024  SEK    79.060
Societe Generale SA   18.000   5/31/2024  USD    32.323
Credit Suisse AG/Lon   4.460   7/26/2023  USD     9.430
Banque International   7.500   7/28/2022  USD    53.980
OR PJSC               13.500  10/22/2025  RUB    22.100
Credit Suisse AG/Lon   8.250   6/17/2022  CHF    53.770
Barclays Bank PLC      4.000   11/08/2023 USD     9.294
AutoWallis Nyrt        3.000   7/27/2031  HUF    64.700
Federal Passenger Co   6.900   11/05/2029 RUB    76.510
Societe Generale SA   18.000   11/02/2023 USD    41.130
Alteo Nyrt             2.450   10/08/2031 HUF    60.900
Main Road JSC          6.900  10/30/2029  RUB    61.020
UBS Group AG           2.300   12/03/2035 AUD    73.672
Cie de Financement F   0.900   7/18/2058  EUR    72.227
Ukraine Government B   9.820   02/12/2031 UAH    23.934
Ukraine Government B   9.700   03/10/2032 UAH    22.937
Republic of Belarus    6.875   2/28/2023  USD    14.500
Metropole de Lyon      0.500  12/28/2049  EUR    66.510
State of Rhineland-P   0.100   10/01/2040 EUR    72.267
Metropole de Lyon      0.466   12/07/2046 EUR    69.111
HSBC Bank PLC         10.300   12/10/2024 TRY    61.798
Metropole de Lyon      0.540   12/07/2050 EUR    66.045
BLT Finance BV        12.000   02/10/2015 USD    10.500
SAir Group             6.250  10/27/2002  CHF    12.625
Kingdom of Belgium G   0.558   9/24/2077  EUR    53.703
Santander Internatio   1.700   12/12/2049 EUR    44.696
Region de Bruxelles-   1.036   01/07/2060 EUR    69.144
Region de Bruxelles-   0.944   6/22/2057  EUR    68.269
Credit Agricole Corp  10.800   3/24/2026  TRY    51.774
Republic of Belarus    7.625   6/29/2027  USD    11.856
Region de Bruxelles-   0.556  12/23/2064  EUR    54.097
Kuntarahoitus Oyj      0.815   2/24/2061  EUR    73.859
Thomas Cook Finance    3.875   7/15/2023  EUR     0.548
BrokerCreditService    1.484   12/06/2031 USD    72.730
Lehman Brothers Trea   5.100   05/08/2017 HKD     0.100
Hungary Government B   3.000   4/25/2041  HUF    61.056
Single Platform Inve   1.013  12/20/2050  EUR    72.040
Republic of Ireland    1.200   4/15/2120  EUR    61.479
CDC Habitat SEM        0.814   2/15/2040  EUR    70.722
Kuntarahoitus Oyj      1.005   11/04/2060 EUR    73.247
Lehman Brothers Trea   4.300   06/04/2012 USD     0.100
DZ Bank AG Deutsche   14.800   6/24/2022  EUR    74.760
Leonteq Securities A  16.000   5/25/2022  CHF    18.580
SG Issuer SA           2.270   02/04/2032 EUR    71.260
Raiffeisen Schweiz G  10.000  12/31/2024  CHF    64.570
Federal Grid Co Unif   9.730   4/27/2048  RUB    60.080
Credit Suisse AG/Lon  10.250   06/02/2022 USD    31.460
VTB Bank PJSC          0.010   5/19/2024  RUB
RosDorBank PJSC        9.500   12/12/2024 RUB    60.000
EFG International Fi   6.200   08/05/2022 EUR    25.930
Sberbank of Russia P   0.016   3/15/2032  RUB    72.900
STAVMAT Epitoanyag K   3.000   7/20/2031  HUF    72.900
Appeninn Holding       3.500  11/22/2029  HUF    66.500
Erste Group Bank AG    6.250   3/29/2023  EUR    67.050
Leonteq Securities A   8.000   05/02/2023 CHF    17.530
Credit Suisse AG/Lon   9.500  10/18/2022  CHF    31.770
VTB Bank PJSC          0.010   1/27/2026  RUB    62.510
DZ Bank AG Deutsche   22.700   6/24/2022  EUR    65.420
UBS AG/London         16.250   05/03/2023 USD    52.550
VTB Bank PJSC          0.010   08/12/2026 RUB    59.000
UBS AG/London          8.250  11/19/2026  EUR    67.970
DZ Bank AG Deutsche   15.600  12/23/2022  EUR    71.610
Severo-Zapadnaya Kon  12.150   9/26/2031  RUB    79.000
UBS AG/London         16.250   07/07/2022 CHF    69.500
WEB Windenergie AG     5.500   04/08/2023 EUR   100.500
Bank Otkritie Financ   0.010   09/10/2023 RUB    60.000
WEB Windenergie AG     6.500              EUR     0.010
HPI AG                 3.500              EUR     3.011
Ukraine Government B   9.700   12/08/2027 UAH    29.532
Metropole de Lyon      0.376  12/22/2044  EUR    69.624
Bulgaria Government    1.375   9/23/2050  EUR    70.809
SAG Solarstrom AG      6.250  12/14/2015  EUR    31.000
Barclays Bank PLC      0.360   8/15/2033  USD    66.382
Republic of Ireland    1.210  10/27/2111  EUR    70.381
SAG Solarstrom AG      7.500   07/10/2017 EUR    31.000
Veneto Banca SpA       6.944   5/15/2025  EUR     0.571
BNP Paribas SA         2.840   8/26/2039  AUD    70.677
Single Platform Inve   0.803   3/20/2041  EUR    72.196
Single Platform Inve   0.532   2/15/2044  EUR    67.148
Russian Foreign Bond   4.250   6/23/2027  USD    19.967
DZ Bank AG Deutsche    0.350   11/10/2042 EUR    73.737
LBI ehf                7.431              USD     0.001
Heta Asset Resolutio   5.030  12/31/2023  EUR     4.870
Credito Padano Banca   3.100              EUR    33.799
Nederlandse Watersch   0.190   11/02/2050 EUR    68.467
Bibby Offshore Servi   7.500   6/15/2021  GBP    11.625
SAir Group             2.125   11/04/2004 CHF    12.625
LBI ehf                6.100   8/25/2011  USD    10.709
State of Lower Austr   0.585   10/11/2049 EUR    73.122
Single Platform Inve   0.780   04/01/2042 EUR    71.641
BPCE SA                2.320   03/04/2036 USD    70.612
Leonteq Securities A  10.000   6/28/2022  CHF    53.790
Credit Suisse AG/Lon  15.000   6/29/2022  USD    19.040
UBS AG/London          8.250   7/21/2022  USD    69.650
EFG International Fi  10.000   9/20/2023  USD    62.620
UniCredit Bank AG      1.500   1/31/2040  EUR    71.810
UBS AG/London         11.500  11/14/2022  EUR    71.850
Corner Banca SA       15.000   5/25/2022  CHF    40.400
Gold-Zack AG           7.000  12/14/2005  EUR     1.524
EFG International Fi  11.120  12/27/2024  EUR    23.400
SFO VTB RKS-1          8.000   12/01/2030 RUB    73.650
BNP Paribas Emission  10.000  12/22/2022  EUR    63.970
Danske Bank A/S        7.470   07/09/2023 SEK    72.860
PRE Motor Technologi  11.750   9/29/2026  RUB    69.850
Otthon Centrum Holdi   3.000   4/19/2031  HUF    73.900
Banque Cantonale Vau  10.600   05/05/2022 CHF    62.420
Dyadya Doner OOO      13.500   4/25/2023  RUB    17.880
Societe Generale SA    4.500  12/30/2024  USD    73.460
Societe Generale Eff  20.000   9/23/2022  EUR    53.410
Zurcher Kantonalbank  11.600   11/10/2022 EUR    57.860
Raiffeisen Schweiz G  16.000   7/19/2022  EUR    64.800
OR PJSC               12.600   9/28/2025  RUB    16.780
Sberbank of Russia P   0.010   10/09/2026 RUB    66.200
Credit Suisse AG/Lon  15.000   11/02/2022 USD    45.640
Aerofuels JSC          9.900   9/26/2024  RUB    71.000
Bank Otkritie Financ   0.010   7/16/2025  RUB    60.130
Mifa Mitteldeutsche    7.500   08/12/2018 EUR     2.410
VTB Bank PJSC          0.010   8/29/2023  RUB    69.790
Russian Railways JSC   8.400   10/11/2038 RUB    60.080
Ukraine Government B   9.000   7/17/2030  UAH    22.745
Ukraine Government B   6.000   12/11/2030 UAH    15.879
Ukraine Government B   9.990   12/10/2031 UAH    23.673
Wirtschafts- und Inf   0.200   12/02/2043 EUR    70.430
Single Platform Inve   0.950   7/25/2047  EUR    73.622
Ukraine Government B   8.420   05/10/2034 UAH    19.280
Single Platform Inve   0.457   2/15/2046  EUR    64.244
Single Platform Inve   0.776   1/23/2051  EUR    66.952
BNP Paribas SA         3.080   8/28/2039  AUD    73.475
Oberbank AG            0.230   10/07/2041 EUR    72.392
Region Wallonne Belg   0.828   8/28/2048  EUR    70.051
Vasakronan AB          1.655   09/05/2039 SEK    72.962
Heta Asset Resolutio   4.875  12/31/2023  EUR     4.870
Ukraine Government B   6.000  11/26/2025  UAH    33.566
Lehman Brothers Trea   4.820  12/18/2036  EUR     0.100
Lehman Brothers Trea  10.000  10/23/2008  USD     0.100
Wirtschafts- und Inf   0.192   1/28/2042  EUR    72.047
Single Platform Inve   0.767   2/15/2041  EUR    72.761
Norske Skogindustrie   2.000  12/30/2115  EUR     0.113
Leonteq Securities A  14.000   07/06/2022 CHF    59.340
EFG International Fi   5.500  12/30/2025  EUR    75.240
UBS AG/London          4.650  10/31/2023  USD     9.380
Sberbank of Russia P   0.010   11/05/2024 RUB    74.000
Societe Generale SA   16.000   08/01/2024 USD
UBS AG/London         11.750   7/21/2022  CHF    54.600
LLMC AirLoans         13.250   05/06/2025 RUB    71.920
Banque International  10.000  11/23/2022  CHF    73.950
SG Issuer SA           4.000   6/22/2026  EUR    69.600
Vontobel Financial P  15.500  12/23/2022  EUR    79.220
Zurcher Kantonalbank  12.300   06/07/2022 CHF    68.490
Leonteq Securities A  18.000   05/12/2022 CHF    56.420
Societe Generale SA   10.800   3/31/2026  USD    64.850
Leonteq Securities A   7.000   3/29/2023  CHF    74.300
Credit Suisse AG/Lon   8.000   6/27/2022  CHF    56.370
Bank Julius Baer & C  29.500   6/27/2022  CHF    37.700
Russian Railways JSC   7.550   4/15/2027  RUB    70.500
Skandinaviska Enskil   6.500   7/15/2024  SEK    73.860
Corner Banca SA        8.000   06/08/2022 EUR    68.430
Societe Generale SA   20.000   01/03/2024 USD    12.550
Bayerische Landesban   1.100   1/26/2024  EUR    76.550
SEZ Im Sergo Orgonik  10.750   9/14/2027  RUB    75.330
Federal Grid Co Unif   9.730  10/30/2048  RUB    66.090
UBS AG/London         10.500  10/21/2022  USD    44.000
Credit Suisse AG/Lon  11.000   6/15/2022  CHF    31.500
Danske Bank A/S       10.300   07/09/2023 SEK    11.600
Bank Julius Baer & C   8.200   9/19/2022  USD    44.500
MFC Webbanker LLC     12.750   01/02/2025 RUB    71.500
Credit Suisse AG/Lon  10.000   6/16/2022  USD    56.510
Zurcher Kantonalbank  19.250   6/15/2022  CHF    46.910
Leonteq Securities A  21.840   06/09/2022 CHF    51.160
Societe Generale SA    6.000   06/06/2022 USD     0.190
Bank Julius Baer & C  21.150   08/09/2022 CHF    37.900
CFP Microfinance Co   13.000   7/18/2024  RUB    74.860
UniCredit Bank AG      4.200   9/21/2022  EUR    49.060
UBS AG/London          5.000   4/14/2023  CHF    65.650
Zurcher Kantonalbank   7.000   08/10/2022 USD    41.290
UBS AG/London         19.750   05/05/2022 USD    42.750
Bank Julius Baer & C   8.400   05/06/2022 USD    69.950
Russian Railways JSC   8.650   02/04/2032 RUB    74.830
EFG International Fi   9.100   9/20/2023  EUR    64.090
OR PJSC               16.000  11/22/2025  RUB    49.100
Leonteq Securities A  24.190   8/30/2022  CHF    28.150
VTB Bank PJSC          0.010   06/09/2023 RUB    79.010
Russian Railways JSC   5.910   5/30/2040  RUB    60.080
Bank Vontobel AG      10.000   2/28/2023  CHF    74.000
Credit Suisse AG/Lon  11.500   07/04/2022 CHF    28.220
Credit Suisse AG/Lon  12.500   8/18/2022  CHF    30.700
UBS AG/London          9.750   04/06/2023 USD    41.900
Credit Suisse AG/Lon  10.350   2/27/2023  CHF    37.870
Leonteq Securities A  12.000   05/02/2023 USD    60.640
Credit Suisse AG/Lon  11.250   8/15/2022  EUR    56.970
Bank Vontobel AG      22.300   08/02/2022 CHF    61.700
Zurcher Kantonalbank  17.000   7/27/2022  CHF    51.940
VTB Bank PJSC          0.010   02/03/2026 RUB    63.000
Credit Suisse AG/Lon  19.250   12/06/2022 USD    44.830
BNP Paribas Emission  20.000   6/23/2022  EUR    70.070
Sberbank of Russia P   0.010   2/14/2025  RUB    55.000
DZ Bank AG Deutsche   10.000   6/24/2022  EUR    71.230
VTB Bank PJSC          0.010   2/24/2026  RUB    58.010
Sberbank of Russia P   0.010  11/23/2026  RUB    54.400
Leonteq Securities A  12.000   01/11/2023 CHF    44.880
DZ Bank AG Deutsche   18.800  12/23/2022  EUR    73.890
Sberbank of Russia P   0.010   1/15/2027  RUB    75.700
Sberbank of Russia P   0.010   10/05/2028 RUB    54.800
Bayerische Landesban   1.350  12/23/2022  EUR    63.280
Leonteq Securities A  16.000   6/21/2022  USD    26.590
Kalita OOO            15.000   09/12/2023 RUB    10.950
Bank Julius Baer & C   7.000   6/22/2022  CHF    60.050
Societe Generale SA   10.000  11/30/2022  USD    67.400
Pongs & Zahn AG        8.500              EUR     0.002
SG Issuer SA           0.850  10/16/2024  EUR    14.480
Zalaco Sutoipari zrt   3.500   7/24/2030  HUF    70.480
Vontobel Financial P  10.000   6/24/2022  EUR    72.520
Leonteq Securities A  20.400   1/18/2023  CHF    65.120
AKB Peresvet ZAO       0.510   08/04/2034 RUB    13.370
Federal Grid Co Unif   9.130  10/30/2048  RUB    60.080
Vasakronan AB          1.000   6/15/2041  EUR    72.812
Region Bourgogne-Fra   0.397   12/03/2045 EUR    68.974
Region Bourgogne-Fra   0.300   12/03/2040 EUR    72.350
Ukraine Government B   9.760   7/23/2031  UAH    23.430
Intelsat SA            4.500   6/15/2025  USD     9.500
Ukraine Government B   9.700   10/06/2027 UAH    30.700
Phosphorus Holdco PL  10.000   04/01/2019 GBP     1.500
Metropole de Lyon      0.500  12/28/2048  EUR    67.485
BNP Paribas SA         3.170   01/07/2041 AUD    72.972
HSBC Bank PLC         10.300  12/20/2024  TRY    61.586
Ukraine Government B  13.300   6/28/2023  UAH    73.001
Department of Loiret   0.550  12/18/2045  EUR    71.412
Ukraine Government I   7.750   09/01/2024 USD    34.765
Ukraine Government B   8.310   11/10/2034 UAH    18.923
Wirtschafts- und Inf   0.170   12/09/2041 EUR    71.946
Ukraine Government B  12.500   2/21/2024  UAH    62.161
Ukraine Government B   3.900   3/30/2023  USD    58.712
Irish Bank Resolutio   4.000   4/23/2018  EUR    33.250
Single Platform Inve   1.117   5/25/2066  EUR    70.277
Ukraine Government B   6.500   08/02/2023 UAH    65.301
Single Platform Inve   0.678   2/15/2041  EUR    70.673
Department of Loiret   0.500  10/30/2042  EUR    73.336
Societe Generale SA    1.323   1/31/2034  USD    66.910
Credit Agricole Corp  10.800   3/24/2026  TRY    54.681
Cie DU Chemin de Fer   0.280  11/29/2052  CHF    54.818
Pescanova SA           6.750   03/05/2015 EUR     0.319
Single Platform Inve   0.605   9/20/2042  EUR    70.075
Single Platform Inve   0.462   2/15/2040  EUR    70.680
Kingdom of Belgium G   0.675   07/07/2080 EUR    56.786
Hellas Telecommunica   8.500  10/15/2013  EUR     0.834
Ukraine Government B  11.870   01/06/2027 UAH    37.274
Grupo Isolux Corsan    6.000  12/30/2021  USD     0.263
Societe Generale SA    3.110  10/28/2041  AUD    72.773
Ministeries Van de V   0.600  11/19/2055  EUR    61.774
Single Platform Inve   0.873   5/25/2052  EUR    67.271
Department of Girond   0.418   11/12/2041 EUR    72.920
Turkey Government Bo  12.400   03/08/2028 TRY    73.000
Communaute Francaise   0.886   6/22/2057  EUR    64.914
Lehman Brothers Trea   5.000  10/24/2008  CHF     0.100
Batigere Grand Est S   1.600  11/14/2044  EUR    73.083
Rio Forte Investment   3.900   07/10/2014 USD     4.423
Region de Bruxelles-   0.900   4/14/2050  EUR    72.915
Single Platform Inve   1.010   3/20/2051  EUR    73.353
Centre Hospitalier B   0.950   02/05/2041 EUR    72.330
Communaute Francaise   0.750   02/04/2061 EUR    60.179
BPCE SA                2.820  12/18/2039  AUD    72.629
Credit Agricole SA     3.450   03/04/2041 AUD    67.636
Premium Green PLC      0.508  10/25/2038  EUR    73.355
Privatbank CJSC Via   10.875   2/28/2018  USD     8.000
Turkiye Ihracat Kred  12.540   9/14/2028  TRY    48.199
Air Berlin Finance B   6.000   03/06/2019 EUR     0.372
Societe Generale SA    1.192   8/29/2034  USD    66.625
Vontobel Financial P   4.050   7/15/2022  EUR    27.120
JD Capital PLC         5.000   5/21/2028  EUR    70.000
Corner Banca SA       13.680  10/28/2022  EUR    54.000
Bank Julius Baer & C  14.580   09/09/2022 USD    23.500
EFG International Fi   9.800   06/07/2023 USD    71.880
Bank Vontobel AG       8.758   06/02/2022 CHF    36.600
Leonteq Securities A  16.600   6/17/2022  USD    26.460
Bayerische Landesban   2.350   08/05/2022 EUR    76.340
VTB Bank PJSC          2.000  11/17/2023  RUB    67.210
Credit Suisse AG/Lon  14.000   6/16/2022  USD    59.440
BNP Paribas Issuance   7.980   1/20/2025  SEK    68.150
Deutsche Bank AG/Lon   2.200   4/14/2023  EUR    73.880
VTB Bank PJSC          0.010   08/01/2023 RUB    56.010
Societe Generale SA    4.500  12/29/2022  USD     0.260
Getin Noble Bank SA   10.930   04/04/2024 PLN    73.875
EFG International Fi   7.500   7/26/2022  USD    57.180
VTB Bank PJSC          0.010   8/26/2026  RUB    58.000
VTB Bank PJSC          0.010   09/09/2026 RUB    60.010
VTB Bank PJSC          0.010   7/15/2026  RUB    58.000
SG Issuer SA           7.700   1/20/2024  SEK    75.520
VTB Bank PJSC          0.010   5/13/2025  RUB    66.880
VTB Bank PJSC          0.010  12/13/2024  RUB    72.500
DekaBank Deutsche Gi   4.630  12/16/2022  EUR    78.250
SG Issuer SA           6.020   1/20/2024  SEK    73.270
SG Issuer SA           6.500   1/20/2025  SEK    64.850
BNP Paribas Emission  20.000   6/23/2022  EUR    72.410
Sberbank of Russia P   0.010   02/03/2027 RUB    71.400
Rosselkhozbank JSC    18.600   7/15/2025  RUB   100.000
Sberbank of Russia P   0.010   1/19/2026  RUB    65.100
Sberbank of Russia P   0.010   1/19/2026  RUB    65.900
Bank Julius Baer & C  10.050   7/29/2022  USD    47.150
RUSNANO AO             6.750   3/26/2024  RUB    65.260
Forras Vagyonkezeles   3.250   10/01/2030 HUF
Raiffeisen Schweiz G  11.000   7/19/2022  CHF    71.670
Bank Vontobel AG      20.000   06/12/2023 EUR    48.500
VTB Bank PJSC          0.010   9/22/2023  RUB    64.020
OOO SPV Structural I   0.010   09/01/2023 RUB    66.740
VTB Bank PJSC          0.010   9/15/2023  RUB    65.030
TransFin-M PAO         8.500   06/04/2025 RUB    70.200
Bank Julius Baer & C  11.700   4/26/2022  CHF    26.600
Ukraine Government B   6.000   1/28/2032  UAH    14.917
Ukraine Government B   9.700   8/25/2032  UAH    22.672
Ville de Paris         0.395  12/18/2045  EUR    70.020
Ukraine Government B   9.990   8/27/2031  UAH    23.889
Ukraine Government B   6.000   10/11/2028 UAH    19.634
Ukraine Government B   8.880   05/10/2032 UAH    21.050
Ukraine Government B   9.150   05/10/2031 UAH    22.320
Ukraine Government B  10.360   11/10/2027 UAH    31.144
Ukraine Government B   8.750   11/10/2032 UAH    20.511
Ukraine Government B   9.610   10/11/2029 UAH    25.164
Cooperatieve Raboban   0.500   8/21/2028  MXN    54.569
Getin Noble Bank SA    9.930   6/28/2024  PLN    74.375
Credit Agricole Corp  10.200   08/06/2026 TRY    51.563
Bilt Paper BV         10.360              USD     1.345
HSBC Bank PLC          0.500   6/23/2027  MXN    59.851
IT Holding Finance S   9.875  11/15/2012  EUR     0.015
Region Wallonne Belg   1.300   6/16/2068  EUR    71.208
Rena GmbH              8.250   07/11/2018 EUR     2.096
Ukraine Government B  12.700  10/30/2024  UAH    54.220
Credit Agricole Corp   5.400   1/31/2028  BRL    71.705
Societe Wallonne de    0.913   7/31/2040  EUR    67.626
SAir Group             6.250   04/12/2005 CHF    12.625
Ukraine Government B   9.500   7/16/2025  UAH    42.444
Ukraine Government B  11.570   03/01/2028 UAH    32.594
Ukraine Government B  11.540   12/10/2025 UAH    42.735
BNG Bank NV            0.680   03/04/2050 EUR    71.516
Region de Bruxelles-   1.016   9/23/2057  EUR    69.829
Deutsche Bank AG/Lon   0.500   04/05/2038 MXN    22.402
DZ HYP AG              0.205   06/05/2040 EUR    70.397
Lehman Brothers Trea   4.100   06/10/2014 SGD     0.100
Single Platform Inve   0.800   04/07/2042 EUR    71.938
Virgolino de Oliveir  10.875   1/13/2020  USD    36.000
Polski Bank Spoldzie   9.430   9/14/2027  PLN    71.800
Lehman Brothers Trea   7.500  10/24/2008  USD     0.100
Landesbank Baden-Wue   0.310   12/09/2039 EUR    67.508
Region Wallonne Belg   1.240   5/28/2069  EUR    69.173
Sidetur Finance BV    10.000   4/20/2016  USD     0.770
Hellas Telecommunica   6.054   1/15/2015  USD     0.001
Single Platform Inve   0.656   2/15/2046  EUR    66.858
Single Platform Inve   1.033   2/15/2046  EUR    73.650
Wirtschafts- und Inf   0.208   1/28/2043  EUR    71.239
Russian Foreign Bond  12.750   6/24/2028  USD    24.585
Getin Noble Bank SA    7.230   7/26/2024  PLN    66.865
Region de Bruxelles-   1.053  11/14/2059  EUR    69.627
Communaute Francaise   0.500   6/27/2046  EUR    67.012
Leonteq Securities A  17.000   07/05/2022 EUR    33.220
Zurcher Kantonalbank  15.500   11/08/2022 USD    70.210
Sberbank of Russia P   0.010  11/27/2026  RUB    74.700
EFG International Fi  16.000  10/27/2022  CHF    54.970
Raiffeisen Switzerla  12.000   9/22/2022  CHF    42.250
Vita Line OOO          9.750  10/28/2025  RUB    74.040
Russian Federal Bond   5.900   03/12/2031 RUB    76.982
MetMax Europe Zrt      3.000   12/11/2030 HUF    70.700
UBS AG/London         18.000   6/16/2022  USD    43.000
Sberbank of Russia P   0.010   08/03/2028 RUB    75.000
Bank Otkritie Financ   0.010   7/28/2023  RUB    59.000
Corner Banca SA       15.400   4/26/2022  CHF    67.800
Erste Group Bank AG    6.250   8/31/2022  EUR    56.000
Sberbank of Russia P   0.010  11/24/2025  RUB    73.600
Bank Otkritie Financ   0.010   6/16/2023  RUB    55.000
Bank Julius Baer & C  10.250   10/05/2022 USD    41.900
Region Produkt OOO    11.500   09/03/2026 RUB    68.510
OR PJSC               16.000  11/26/2025  RUB    48.990
UBS AG/London         13.750   9/22/2022  CHF    73.950
Zurcher Kantonalbank  15.000   9/26/2022  EUR    77.430
VTB Bank PJSC          0.010   08/08/2023 RUB    71.110
UBS AG/London         14.250   08/10/2022 USD    70.450
VTB Bank PJSC          0.010  12/20/2024  RUB    57.030
Sberbank of Russia P   0.010   12/05/2024 RUB    70.010
DekaBank Deutsche Gi   8.100   8/26/2022  EUR    42.980
Axial Javito Kereske   2.000   9/23/2030  HUF    64.240
Bank Julius Baer & C   8.000   10/07/2022 USD    44.900
Russian Foreign Bond  12.750   6/24/2028  USD    24.754
Ukraine Government B   6.000  10/15/2031  UAH    15.184
Ukraine Government B   9.700  10/13/2032  UAH    22.684
Mriya Agro Holding P  10.950   3/30/2016  USD     4.667
Ukraine Government B   9.700   06/02/2032 UAH    22.772
Ukraine Government B   9.700   12/08/2032 UAH    22.521
KPNQwest NV            7.125   06/01/2009 EUR     0.453
United Kingdom Gilt    0.625  10/22/2050  GBP    70.071
Turkey Government Bo  10.600   02/11/2026 TRY    72.450
Caisse des Depots et   2.160   12/07/2050 AUD    69.208
Romanian Government    2.750   4/14/2041  EUR    70.256
Single Platform Inve   0.419   2/15/2040  EUR    69.319
Single Platform Inve   0.720   3/20/2051  EUR    65.872
Heta Asset Resolutio   5.730  12/31/2023  EUR     4.870
Hungary Government B   3.000  10/27/2038  HUF    63.744
Hema Bondco II BV      8.500   1/15/2023  EUR     0.113
Ukraine Government B  11.580   02/02/2028 UAH    32.802
Ukraine Government B   6.500   9/20/2023  UAH    62.673
Grupo Isolux Corsan    0.250  12/30/2018  EUR     0.100
Ukraine Government I   7.375   9/25/2032  USD    32.227
Barclays Bank PLC     13.810   4/16/2024  TRY    71.741
Natixis SA             2.930   7/29/2051  AUD    73.105
Lehman Brothers Trea   2.500   8/23/2012  GBP     0.100
Development Bank of    6.750   05/02/2024 USD     5.934
Development Bank of    6.750   05/02/2024 USD     5.934
Barclays Bank PLC     10.200   2/14/2025  TRY    58.045
Single Platform Inve   1.080   5/25/2066  EUR    68.899
Ukraine Government B   6.000   1/14/2026  UAH    32.470
Lehman Brothers Trea   4.350   08/08/2016 SGD     0.100
Laurel GmbH            7.125  11/16/2017  EUR     7.750
Region de Bruxelles-   0.720  10/17/2051  EUR    69.108
Ukraine Government I   9.750   11/01/2028 USD    34.365
Region de Bruxelles-   0.460  12/15/2051  EUR    62.275
Petromena ASA          9.750   5/24/2016  NOK     0.607
Ukraine Government I   4.375   1/27/2030  EUR    32.421
Agence Francaise de    2.360  10/17/2044  AUD    74.485
Bank Julius Baer & C  13.300   02/01/2023 CHF    65.800
Leonteq Securities A  12.000   05/03/2022 CHF    71.910
Landesbank Baden-Wue   8.100   8/26/2022  EUR    32.610
Landesbank Baden-Wue   2.800   8/26/2022  EUR    65.880
Landesbank Baden-Wue   4.400   8/26/2022  EUR    65.390
Landesbank Baden-Wue   3.100   8/26/2022  EUR    45.760
Landesbank Baden-Wue   4.650   8/26/2022  EUR    76.450
Landesbank Baden-Wue   6.450   8/26/2022  EUR    70.000
Landesbank Baden-Wue   6.000   8/26/2022  EUR    36.170
Landesbank Baden-Wue   5.550   8/26/2022  EUR    54.870
Landesbank Baden-Wue   2.650   8/26/2022  EUR    73.020
Landesbank Baden-Wue   4.050   8/26/2022  EUR    30.670
Landesbank Baden-Wue   3.150   8/26/2022  EUR    71.180
Raiffeisen Switzerla   9.000   7/29/2022  CHF    63.670
UBS AG/London         15.000   08/03/2022 CHF    57.900
Raiffeisen Switzerla  10.100   02/08/2023 CHF    69.560
BNP Paribas Emission   3.000   6/23/2022  EUR    74.400
UBS AG/London         11.250   02/03/2023 CHF    62.100
Vontobel Financial P   0.212   02/03/2023 EUR    49.900
Landesbank Baden-Wue   3.300   8/26/2022  EUR    75.290
BNP Paribas Emission  14.000   6/23/2022  EUR    68.260
VTB Bank PJSC          0.010   03/11/2026 RUB    56.070
DZ Bank AG Deutsche    6.250   6/22/2022  EUR    69.650
Bank Vontobel AG      11.003   10/03/2022 CHF    67.900
Bank Vontobel AG      10.009   10/03/2022 EUR    67.100
Bank Julius Baer & C  14.650   07/07/2022 USD    32.050
Leonteq Securities A  10.600   10/12/2022 CHF    61.160
UBS AG/London         14.250   10/07/2022 USD    36.850
UBS AG/London         13.000   04/11/2023 CHF    72.200
UBS AG/London          9.000   10/10/2022 CHF    67.200
Raiffeisen Schweiz G   7.200   10/06/2022 CHF    67.860
DekaBank Deutsche Gi   4.250   05/05/2022 EUR    58.460
Corner Banca SA       12.600   10/12/2022 EUR    66.710
EFG International Fi  12.000   10/12/2022 CHF    50.950
Vontobel Financial P   5.500   6/17/2022  USD    36.630
Bank Julius Baer & C   9.300   07/07/2022 EUR    71.600
Bank Vontobel AG      10.006   10/03/2022 EUR    67.100
Bank Vontobel AG      13.005   10/03/2022 CHF    35.200
BNP Paribas Emission   6.000   6/23/2022  EUR    68.850
BNP Paribas Emission   7.500   6/23/2022  EUR    65.620
BNP Paribas Emission  10.000   6/23/2022  EUR    63.880
BNP Paribas Emission  12.000   6/23/2022  EUR    59.440
BNP Paribas Emission  11.000   6/23/2022  EUR    66.670
BNP Paribas Emission  11.000   6/23/2022  EUR    35.750
BNP Paribas Emission  15.000   6/23/2022  EUR    32.070
BNP Paribas Emission   8.000   6/23/2022  EUR    58.830
BNP Paribas Emission   8.000   6/23/2022  EUR    55.030
BNP Paribas Emission   5.500   6/23/2022  EUR    70.010
BNP Paribas Emission   9.500   6/23/2022  EUR    75.000
BNP Paribas Emission   8.000   6/23/2022  EUR    39.760
BNP Paribas Emission   8.500   6/23/2022  EUR    38.610
BNP Paribas Emission   9.000   6/23/2022  EUR    36.990
BNP Paribas Emission  11.000   6/23/2022  EUR    68.460
BNP Paribas Emission   9.000   6/23/2022  EUR    71.880
BNP Paribas Emission   7.000   6/23/2022  EUR    76.760
BNP Paribas Emission  12.000   6/23/2022  EUR    67.430
Sberbank of Russia P   0.010   04/06/2026 RUB    66.300
DZ Bank AG Deutsche    5.250   6/22/2022  EUR    70.360
UBS AG/London          9.250   04/08/2026 EUR    74.160
DZ Bank AG Deutsche    5.250   9/21/2022  EUR    74.990
DZ Bank AG Deutsche    6.500   6/22/2022  EUR    69.780
Zurcher Kantonalbank   8.000   7/14/2022  CHF    64.180
BNP Paribas Emission   5.500   6/23/2022  EUR    66.780
BNP Paribas Emission  10.000   6/23/2022  EUR    75.770
BNP Paribas Emission  11.000   6/23/2022  EUR    73.890
BNP Paribas Emission  13.000   6/23/2022  EUR    68.680
BNP Paribas Emission   6.000   6/23/2022  EUR    64.780
BNP Paribas Emission   7.500   6/23/2022  EUR    63.070
BNP Paribas Emission   9.500   6/23/2022  EUR    38.370
BNP Paribas Emission  10.000   6/23/2022  EUR    35.750
BNP Paribas Emission   9.000   6/23/2022  EUR    71.910
BNP Paribas Emission  10.000   6/23/2022  EUR    72.340
BNP Paribas Emission  18.000   6/23/2022  EUR    74.980
BNP Paribas Emission   6.500   6/23/2022  EUR    67.730
BNP Paribas Emission   8.000   6/23/2022  EUR    63.570
BNP Paribas Emission  11.000   6/23/2022  EUR    62.040
BNP Paribas Emission  13.000   6/23/2022  EUR    57.080
BNP Paribas Emission  20.000   6/23/2022  EUR    68.920
BNP Paribas Emission  13.000   6/23/2022  EUR    34.200
BNP Paribas Emission  12.000   6/23/2022  EUR    73.720
BNP Paribas Emission   4.500   6/23/2022  EUR    72.460
BNP Paribas Emission   8.500   6/23/2022  EUR    74.280
BNP Paribas Emission   9.000   6/23/2022  EUR    77.010
BNP Paribas Emission   9.500   6/23/2022  EUR    72.130
BNP Paribas Emission   6.500   6/23/2022  EUR    78.000
BNP Paribas Emission  10.000   6/23/2022  EUR    52.020
BNP Paribas Emission  13.000   6/23/2022  EUR    49.550
BNP Paribas Emission   8.500   6/23/2022  EUR    72.690
BNP Paribas Emission  16.000   6/23/2022  EUR    60.040
Sberbank of Russia P   0.010   04/06/2026 RUB    56.000
Sberbank of Russia P   0.010   04/05/2028 RUB    73.100
VTB Bank PJSC          0.010   03/11/2026 RUB    60.110
Landesbank Baden-Wue   3.100   4/23/2027  EUR    74.820
BNP Paribas Emission   8.500   6/23/2022  EUR    77.690
BNP Paribas Emission  12.000   6/23/2022  EUR    71.170
BNP Paribas Emission   8.000   6/23/2022  EUR    61.910
BNP Paribas Emission  11.000   6/23/2022  EUR    66.970
EFG International Fi   6.000   3/30/2023  USD    65.450
UniCredit Bank AG      5.300   05/12/2025 EUR    75.800
BNP Paribas Emission   9.500   6/23/2022  EUR    60.960
BNP Paribas Emission  10.000   6/23/2022  EUR    37.620
BNP Paribas Emission  12.000   6/23/2022  EUR    34.350
BNP Paribas Emission  14.000   6/23/2022  EUR    33.120
BNP Paribas Emission  15.000   6/23/2022  EUR    32.420
BNP Paribas Emission  15.000   6/23/2022  EUR    31.360
BNP Paribas Emission  13.000   6/23/2022  EUR    70.850
Raiffeisen Schweiz G   8.000   10/06/2022 CHF    65.340
Vontobel Financial P  14.500   6/24/2022  EUR    62.810
Vontobel Financial P   5.000   9/23/2022  EUR    73.060
Vontobel Financial P  12.000   9/23/2022  EUR    65.340
Vontobel Financial P  13.500   9/23/2022  EUR    60.400
Vontobel Financial P  11.500   9/23/2022  EUR    75.160
Vontobel Financial P  13.500   9/23/2022  EUR    72.850
Vontobel Financial P  16.500   9/23/2022  EUR    69.810
Vontobel Financial P   4.500   9/23/2022  EUR    71.610
Vontobel Financial P  11.000   9/23/2022  EUR    62.010
Vontobel Financial P  13.500   9/23/2022  EUR    59.830
Vontobel Financial P   7.500   9/23/2022  EUR    66.140
Vontobel Financial P   8.500   6/24/2022  EUR    64.500
EFG International Fi   6.000  12/22/2023  USD    21.860
Vontobel Financial P  13.750   6/24/2022  EUR    44.600
Vontobel Financial P   9.000   6/24/2022  EUR    70.520
Basler Kantonalbank   12.000  10/14/2022  CHF    64.520
Vontobel Financial P   7.000   9/23/2022  EUR    69.960
Vontobel Financial P   5.000   9/23/2022  EUR    72.880
Vontobel Financial P   7.500   9/23/2022  EUR    67.780
Vontobel Financial P  10.500   9/23/2022  EUR    63.710
Vontobel Financial P  12.000   6/24/2022  EUR    61.460
Vontobel Financial P  12.500   9/23/2022  EUR    73.970
Vontobel Financial P  12.000   9/23/2022  EUR    60.770
Vontobel Financial P  10.000   6/24/2022  EUR    62.760
Vontobel Financial P  11.500   6/24/2022  EUR    61.150
Vontobel Financial P   6.500   9/23/2022  EUR    67.820
Vontobel Financial P   8.000   9/23/2022  EUR    65.350
Vontobel Financial P  10.750   6/24/2022  EUR    40.460
Vontobel Financial P  16.750   6/24/2022  EUR    55.080
Vontobel Financial P   6.250   6/24/2022  EUR    68.550
Vontobel Financial P  17.750   6/24/2022  EUR    43.380
EFG International Fi   8.000   1/19/2023  CHF    61.170
EFG International Fi   9.000   1/16/2023  CHF    38.270
Raiffeisen Schweiz G  16.000   7/13/2022  CHF    66.420
Societe Generale Eff   4.000   7/22/2022  USD    38.930
Sberbank of Russia P   0.010  12/17/2025  RUB    66.200
GVC George's Venture   2.500  12/18/2030  HUF
Bank Julius Baer & C   7.750   7/15/2022  USD    55.400
Leonteq Securities A  13.000   6/21/2022  CHF    36.410
Raiffeisen Schweiz G  18.520   7/13/2022  CHF    26.250
Vontobel Financial P  11.000   6/24/2022  EUR    74.580
Vontobel Financial P   9.000   9/23/2022  EUR    65.650
Vontobel Financial P   7.000   6/24/2022  EUR    69.150
Vontobel Financial P  14.500   9/23/2022  EUR    71.780
Vontobel Financial P  18.500   9/23/2022  EUR    68.050
Vontobel Financial P   8.500   9/23/2022  EUR    64.580
Vontobel Financial P  13.000   6/24/2022  EUR    59.650
Vontobel Financial P   5.500   9/23/2022  EUR    69.640
Vontobel Financial P  10.000   9/23/2022  EUR    63.340
Vontobel Financial P  14.000   9/23/2022  EUR    74.740
Vontobel Financial P   7.000   9/23/2022  EUR    76.760
Vontobel Financial P   8.500   9/23/2022  EUR    73.510
Vontobel Financial P  10.500   9/23/2022  EUR    70.790
Vontobel Financial P  18.000   9/23/2022  EUR    68.680
Raiffeisen Schweiz G  12.000   07/12/2022 CHF    57.700
Raiffeisen Schweiz G   6.500   01/12/2023 CHF    65.740
Vontobel Financial P  11.000   9/23/2022  EUR    74.160
DZ Bank AG Deutsche    7.000   6/20/2022  EUR    75.010
Vontobel Financial P  15.000   9/23/2022  EUR    71.120
Vontobel Financial P  15.000   6/24/2022  EUR    73.970
Vontobel Financial P  13.000   9/23/2022  EUR    68.590
Vontobel Financial P  10.500   6/24/2022  EUR    71.890
Zurcher Kantonalbank  10.000   6/28/2022  CHF    65.910
Zurcher Kantonalbank   8.000   6/28/2022  EUR    69.890
EFG International Fi  10.030   7/26/2022  USD    45.290
Sberbank of Russia P   0.010  12/17/2025  RUB    66.100
Sberbank of Russia P   0.010  12/17/2025  RUB    62.900
UBS AG/London         12.500   6/23/2022  USD    34.900
UBS AG/London          6.250  12/23/2022  CHF    41.950
Corner Banca SA       13.000  10/19/2022  CHF    35.770
Leonteq Securities A  10.000   1/19/2023  CHF    67.200
Corner Banca SA       11.200   7/19/2022  CHF    32.970
Corner Banca SA        8.000   1/16/2023  CHF    57.320
Corner Banca SA       13.000   1/19/2023  USD    44.620
Leonteq Securities A  10.400   1/19/2023  CHF    60.490
Leonteq Securities A  10.000  10/19/2022  CHF    42.590
Vontobel Financial P  10.000   9/23/2022  EUR    47.690
Vontobel Financial P  16.500   9/23/2022  EUR    43.130
Vontobel Financial P  11.500   6/24/2022  EUR    45.220
Vontobel Financial P  11.500   9/23/2022  EUR    53.560
Vontobel Financial P   6.500   6/24/2022  EUR    58.680
Vontobel Financial P   7.000   9/23/2022  EUR    46.340
Vontobel Financial P   6.000   9/23/2022  EUR    47.740
Vontobel Financial P   8.500   9/23/2022  EUR    45.290
Landesbank Baden-Wue   3.100   7/22/2022  EUR    72.370
Landesbank Baden-Wue   2.300   7/22/2022  EUR    75.400
Landesbank Baden-Wue   3.150   7/22/2022  EUR    72.060
Landesbank Baden-Wue   4.700   7/22/2022  EUR    67.550
Landesbank Baden-Wue   6.250   7/22/2022  EUR    47.320
Societe Generale Eff   9.000   6/24/2022  EUR    35.430
Societe Generale Eff  10.750   6/24/2022  EUR    32.060
Societe Generale Eff   4.250   7/22/2022  EUR    44.940
Societe Generale Eff   8.250   7/22/2022  EUR    35.400
EFG International Fi   6.200  12/18/2023  USD    17.170
DZ Bank AG Deutsche   20.200   6/24/2022  EUR    27.820
Raiffeisen Switzerla   7.500   02/08/2023 CHF    65.510
DZ Bank AG Deutsche   17.500   6/24/2022  EUR    64.760
Vontobel Financial P  15.000   9/23/2022  EUR    70.500
Vontobel Financial P  12.500   9/23/2022  EUR    73.680
Vontobel Financial P  17.000   9/23/2022  EUR    71.720
Vontobel Financial P  15.000   9/23/2022  EUR    66.480
Vontobel Financial P  13.000   6/24/2022  EUR    68.700
Vontobel Financial P  13.000   9/23/2022  EUR    74.610
Vontobel Financial P   8.500   9/23/2022  EUR    43.380
Vontobel Financial P  15.000   9/23/2022  EUR    39.380
Vontobel Financial P   4.500   9/23/2022  EUR    57.650
Vontobel Financial P  13.000   9/23/2022  EUR    57.210
Vontobel Financial P   9.000   6/24/2022  EUR    57.350
Vontobel Financial P   6.000   9/23/2022  EUR    60.350
Zurcher Kantonalbank   9.500   7/22/2022  CHF    71.220
Zurcher Kantonalbank  19.000   7/22/2022  CHF    44.600
UBS AG/London         22.500   6/16/2022  USD    42.450
UBS AG/London         14.500   6/16/2022  CHF    61.350
Raiffeisen Schweiz G  10.000   10/12/2022 EUR    58.800
Raiffeisen Schweiz G  12.000  10/13/2022  CHF    65.560
Societe Generale Eff  14.750   6/24/2022  EUR    29.110
Societe Generale Eff  12.250   7/22/2022  EUR    31.430
Vontobel Financial P  15.750   6/24/2022  EUR    66.980
DZ Bank AG Deutsche   18.500   6/24/2022  EUR    60.830
Vontobel Financial P   5.500   9/23/2022  EUR    46.580
Vontobel Financial P  11.500   9/23/2022  EUR    40.980
Vontobel Financial P   7.500   9/23/2022  EUR    54.960
Vontobel Financial P   3.500   9/23/2022  EUR    57.660
Vontobel Financial P   6.500   9/23/2022  EUR    58.470
Vontobel Financial P   4.500   9/23/2022  EUR    61.080
Vontobel Financial P   3.500   9/23/2022  EUR    59.330
Zurcher Kantonalbank  20.000   7/22/2022  USD    35.690
UBS AG/London         11.750   6/16/2022  CHF    63.750
Landesbank Baden-Wue   4.750   7/22/2022  EUR    73.160
DZ Bank AG Deutsche   15.000   6/24/2022  EUR    73.330
Landesbank Baden-Wue   4.800   7/22/2022  EUR    68.120
Landesbank Baden-Wue   4.000   7/22/2022  EUR    51.260
Societe Generale Eff  12.750   6/24/2022  EUR    30.410
Landesbank Baden-Wue   3.150   7/22/2022  EUR    53.860
Landesbank Baden-Wue   7.200   7/22/2022  EUR    47.160
Landesbank Baden-Wue   9.250   7/22/2022  EUR    45.310
DZ Bank AG Deutsche   15.900   6/24/2022  EUR    64.880
Raiffeisen Switzerla  11.000   08/05/2022 EUR    50.060
Vontobel Financial P  11.000   6/24/2022  EUR    74.610
Vontobel Financial P  11.500   6/24/2022  EUR    74.570
DZ Bank AG Deutsche    8.000   7/20/2022  EUR    72.320
DZ Bank AG Deutsche    8.750   6/22/2022  EUR    70.040
Vontobel Financial P  14.000   6/24/2022  EUR    42.010
DZ Bank AG Deutsche    5.000   7/20/2022  EUR    72.000
DZ Bank AG Deutsche    8.000   7/20/2022  EUR    67.640
DZ Bank AG Deutsche    5.250   9/21/2022  EUR    70.980
Bank Julius Baer & C  15.000   7/13/2022  USD    42.500
DZ Bank AG Deutsche    7.000   9/21/2022  EUR    73.110
Vasutvillamosito Kft   3.000   02/03/2031 HUF    73.200
DZ Bank AG Deutsche    6.100   6/20/2022  EUR    69.490
DZ Bank AG Deutsche    5.100   6/20/2022  EUR    70.940
DZ Bank AG Deutsche    7.000   6/22/2022  EUR    74.000
Zurcher Kantonalbank  15.000   7/20/2022  CHF    54.940
EFG International Fi   6.000   7/13/2022  EUR    57.360
Leonteq Securities A  11.000   08/05/2022 CHF    62.870
DZ Bank AG Deutsche    7.250   9/21/2022  EUR    71.380
Vontobel Financial P   9.250   6/24/2022  EUR    68.000
DZ Bank AG Deutsche    9.000   9/21/2022  EUR    62.060
DZ Bank AG Deutsche    6.500   9/19/2022  EUR    67.100
DZ Bank AG Deutsche    6.250   6/20/2022  EUR    65.210
Bank Julius Baer & C  14.500   1/13/2023  USD    34.400
Vontobel Financial P   9.000   9/23/2022  EUR    70.250
Vontobel Financial P   5.500   9/23/2022  EUR    74.010
Vontobel Financial P  12.500   9/23/2022  EUR    73.030
Vontobel Financial P   6.000   9/23/2022  EUR    52.810
Credit Suisse AG/Lon   9.000   05/05/2022 CHF    58.660
Vontobel Financial P  23.500   6/24/2022  EUR    75.750
BNP Paribas Emission   4.000   6/23/2022  EUR    74.020
Vontobel Financial P   9.500   9/23/2022  EUR    70.520
Vontobel Financial P  16.000   6/24/2022  EUR    62.970
Vontobel Financial P  11.000   9/23/2022  EUR    67.360
Vontobel Financial P  14.000   9/23/2022  EUR    64.890
Vontobel Financial P   8.000   9/23/2022  EUR    70.310
SG Issuer SA           0.021   07/07/2033 EUR    72.110
Bank Vontobel AG      10.500   1/16/2023  CHF    53.600
Bank Vontobel AG       8.000   7/18/2022  CHF    29.300
Vontobel Financial P  13.500   9/23/2022  EUR    45.190
Vontobel Financial P  11.000   6/24/2022  EUR    53.050
Vontobel Financial P  15.000   9/23/2022  EUR    41.200
Vontobel Financial P   9.500   9/23/2022  EUR    44.150
Vontobel Financial P  11.000   9/23/2022  EUR    43.330
Sberbank of Russia P   0.010  12/22/2025  RUB    64.800
Leonteq Securities A  12.000   6/28/2022  CHF    68.780
Sberbank of Russia P   0.010  12/29/2025  RUB    72.200
Vontobel Financial P   8.400   12/04/2023 EUR    77.120
Societe Generale Eff  13.250   6/24/2022  EUR    74.500
EFG International Fi  10.000   7/27/2022  CHF    61.350
Leonteq Securities A   9.000   02/01/2023 CHF    62.750
Leonteq Securities A  15.000   4/28/2022  CHF    63.530
Leonteq Securities A   9.000   7/29/2022  CHF    60.500
Societe Generale Eff  16.250   5/27/2022  EUR    69.860
Societe Generale Eff  13.500   8/26/2022  EUR    72.810
Raiffeisen Switzerla   7.300   1/25/2023  CHF    60.820
Erste Group Bank AG    7.250   03/03/2026 EUR    42.950
Leonteq Securities A  10.000   4/26/2022  CHF    58.320
Landesbank Baden-Wue   4.700  10/28/2022  EUR    66.780
Bank Vontobel AG       6.007   9/26/2022  CHF    68.000
Bank Vontobel AG       9.009   9/26/2022  EUR    64.300
Bank Vontobel AG      12.751   6/27/2022  CHF    31.300
Bank Vontobel AG      15.009   6/27/2022  CHF    29.400
Bank Vontobel AG      22.008   6/27/2022  CHF    54.000
UBS AG/London          9.750   9/30/2022  CHF    80.700
UBS AG/London         16.000   9/30/2022  CHF    37.550
Landesbank Baden-Wue   3.750  10/28/2022  EUR    69.350
Landesbank Baden-Wue   3.500  10/28/2022  EUR    42.920
Bank Vontobel AG       9.000   9/26/2022  EUR    64.300
Bank Vontobel AG       4.255   6/27/2022  CHF    66.500
Bank Vontobel AG      14.006   9/26/2022  CHF    32.200
Bank Vontobel AG      12.508   9/26/2022  CHF    62.200
Bank Vontobel AG       5.507   9/25/2023  CHF    72.100
Landesbank Baden-Wue   7.500  10/28/2022  EUR    74.490
Landesbank Baden-Wue   5.600  10/28/2022  EUR    70.760
Landesbank Baden-Wue   5.050  10/28/2022  EUR    49.400
Landesbank Baden-Wue   4.050  10/28/2022  EUR    40.960
Landesbank Baden-Wue   6.350  10/28/2022  EUR    36.880
Landesbank Baden-Wue   7.100  10/28/2022  EUR    58.350
Vontobel Financial P   9.250  12/23/2022  EUR    47.260
UBS AG/London          7.250   11/03/2023 CHF    73.550
Leonteq Securities A   3.790   1/25/2023  EUR    75.130
EFG International Fi  15.000   11/03/2022 CHF    67.260
Leonteq Securities A   7.000   7/22/2022  CHF    64.390
Nordea Bank Abp        7.100   7/20/2024  SEK    70.490
Nordea Bank Abp        9.000   7/20/2024  SEK    67.030
UniCredit Bank AG      4.350   7/31/2023  EUR    59.560
Sberbank of Russia P   0.010   1/21/2026  RUB    63.700
UBS AG/London          9.750   7/20/2022  CHF    57.250
Zurcher Kantonalbank   8.000   4/29/2022  USD    46.430
DZ Bank AG Deutsche   15.600   9/23/2022  EUR    58.210
DZ Bank AG Deutsche   19.900   6/24/2022  EUR    59.270
DZ Bank AG Deutsche   15.700   9/23/2022  EUR    62.500
DZ Bank AG Deutsche   15.800   9/23/2022  EUR    28.990
DZ Bank AG Deutsche   20.200   6/24/2022  EUR    64.650
UniCredit Bank AG     10.700   02/03/2025 EUR    72.800
UniCredit Bank AG     10.700   2/17/2025  EUR    73.480
Sberbank of Russia P   0.010   1/21/2026  RUB    64.100
DZ Bank AG Deutsche   17.600   6/24/2022  EUR    54.900
DZ Bank AG Deutsche   17.500   9/23/2022  EUR    60.160
DZ Bank AG Deutsche   17.000   6/24/2022  EUR    68.410
DZ Bank AG Deutsche   18.000   6/24/2022  EUR    25.420
UBS AG/London          7.750   7/20/2022  CHF    47.600
DZ Bank AG Deutsche   13.500   9/23/2022  EUR    72.040
Bank Vontobel AG       7.506   7/15/2022  CHF    57.100
Zurcher Kantonalbank   7.500   4/29/2022  CHF    46.310
Zurcher Kantonalbank   7.500   7/28/2022  CHF    59.950
DZ Bank AG Deutsche   21.100   6/24/2022  EUR    57.240
DZ Bank AG Deutsche   24.900   9/23/2022  EUR    54.710
DZ Bank AG Deutsche   13.300   9/23/2022  EUR    70.380
DZ Bank AG Deutsche    8.600   6/24/2022  EUR    63.300
DZ Bank AG Deutsche    7.900   9/23/2022  EUR    69.600
UBS AG/London          7.750   7/20/2022  CHF    56.850
UBS AG/London         15.250   7/21/2022  USD    34.450
DZ Bank AG Deutsche   16.200   6/24/2022  EUR    69.180
DZ Bank AG Deutsche   13.000   6/24/2022  EUR    55.110
Bank Julius Baer & C  11.050   11/03/2022 USD    75.650
Leonteq Securities A  14.000   4/26/2022  CHF    31.390
Leonteq Securities A  13.000   7/25/2022  USD    31.340
Leonteq Securities A   7.450   1/25/2023  EUR    36.710
UBS AG/London          7.250   05/03/2023 EUR    72.000
EFG International Fi   4.750   1/29/2024  USD    57.110
Sberbank of Russia P   0.010   11/02/2028 RUB    68.400
DZ Bank AG Deutsche    7.750   6/22/2022  EUR    69.970
DZ Bank AG Deutsche    5.500   6/22/2022  EUR    75.000
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    74.600
Vontobel Financial P  13.000   9/23/2022  EUR    74.330
Vontobel Financial P  14.500   9/23/2022  EUR    72.760
Vontobel Financial P  19.000   9/23/2022  EUR    68.750
Vontobel Financial P  15.500   9/23/2022  EUR    73.070
Vontobel Financial P  12.500   9/23/2022  EUR    66.070
Vontobel Financial P  16.000   9/23/2022  EUR    64.020
Bank Julius Baer & C  15.000   6/15/2022  USD    67.900
Zurcher Kantonalbank  11.500   07/06/2022 CHF    75.530
Zurcher Kantonalbank  11.250   07/06/2022 EUR    41.470
Leonteq Securities A  11.000   9/15/2022  CHF    34.960
Vontobel Financial P  11.500   6/24/2022  EUR    73.800
Vontobel Financial P  11.500   6/24/2022  EUR    70.790
Societe Generale Eff   9.000   8/26/2022  EUR    71.830
DZ Bank AG Deutsche    7.500   7/20/2022  EUR    65.060
Vontobel Financial P  20.000   6/24/2022  EUR    53.590
DZ Bank AG Deutsche    4.750   9/21/2022  EUR    60.340
Leonteq Securities A  14.000   10/05/2022 CHF    61.480
Corner Banca SA       16.000   10/05/2022 CHF    59.940
Vontobel Financial P   8.000   9/23/2022  EUR    62.360
Vontobel Financial P   7.000   9/23/2022  EUR    61.950
Leonteq Securities A  10.000  12/14/2022  CHF    59.950
Leonteq Securities A   9.000   01/06/2023 CHF    65.350
Vontobel Financial P  15.000   6/24/2022  EUR    54.320
Federal Grid Co Unif   7.500   5/21/2036  RUB    66.180
DZ Bank AG Deutsche    8.250   6/22/2022  EUR    74.870
DZ Bank AG Deutsche    8.000   9/21/2022  EUR    64.660
Vontobel Financial P  16.000   9/23/2022  EUR    71.310
Vontobel Financial P  14.000   9/23/2022  EUR    74.290
Vontobel Financial P  10.500   9/23/2022  EUR    78.200
Vontobel Financial P  14.500   9/23/2022  EUR    74.150
Vontobel Financial P  14.500   9/23/2022  EUR    65.090
Vontobel Financial P   3.500   9/23/2022  EUR    55.640
Vontobel Financial P   8.500   9/23/2022  EUR    66.640
Leonteq Securities A  20.000   6/15/2022  CHF    33.000
DZ Bank AG Deutsche    7.000   6/22/2022  EUR    69.270
DZ Bank AG Deutsche    5.750   9/21/2022  EUR    70.560
DZ Bank AG Deutsche    5.250   9/21/2022  EUR    72.970
DZ Bank AG Deutsche    5.250   9/21/2022  EUR    73.790
Vontobel Financial P   8.000   9/23/2022  EUR    70.300
Vontobel Financial P   3.750   01/03/2023 EUR    37.920
Vontobel Financial P  13.000   9/23/2022  EUR    75.350
Vontobel Financial P  14.000   9/23/2022  EUR    72.850
Vontobel Financial P  12.500   9/23/2022  EUR    73.750
Vontobel Financial P  19.000   9/23/2022  EUR    71.090
Vontobel Financial P  17.500   9/23/2022  EUR    72.140
Vontobel Financial P  15.000   9/23/2022  EUR    71.810
Bank Julius Baer & C   6.900   07/06/2022 CHF    72.100
Bank Julius Baer & C   6.300   07/06/2022 CHF    69.950
Zurcher Kantonalbank  11.500   07/06/2022 EUR    70.090
Zurcher Kantonalbank  15.250   07/06/2022 CHF    39.260
Leonteq Securities A  15.000   6/15/2022  CHF    25.640
Vontobel Financial P  17.000   9/23/2022  EUR    71.190
Vontobel Financial P  13.500   6/24/2022  EUR    70.440
Vontobel Financial P  10.500  10/18/2022  EUR    36.280
Zurcher Kantonalbank  15.000   7/13/2022  CHF    36.810
Credit Suisse AG/Lon  15.000   6/14/2022  CHF    66.120
Vontobel Financial P  15.500   9/23/2022  EUR    72.840
Vontobel Financial P   5.000   9/23/2022  EUR    68.730
DZ Bank AG Deutsche    5.250   7/20/2022  EUR    73.500
Vontobel Financial P  16.000   6/24/2022  EUR    77.300
Societe Generale Eff   8.000   8/26/2022  EUR    73.490
DZ Bank AG Deutsche    5.750   7/20/2022  EUR    63.140
DZ Bank AG Deutsche    8.750   7/20/2022  EUR    68.810
Leonteq Securities A   5.710   9/23/2022  USD    49.530
Bank Julius Baer & C   7.350   9/23/2022  USD    68.250
Vontobel Financial P  15.500   6/24/2022  EUR    66.980
DZ Bank AG Deutsche    5.000   7/20/2022  EUR    78.440
DZ Bank AG Deutsche    7.000   9/21/2022  EUR    61.250
DZ Bank AG Deutsche    6.500   6/22/2022  EUR    75.060
Zurcher Kantonalbank  11.000   6/22/2022  USD    57.640
Vontobel Financial P  11.500   6/24/2022  EUR    67.110
Vontobel Financial P  15.500   6/24/2022  EUR    59.910
Sberbank of Russia P   0.010   07/05/2028 RUB    59.700
Sberbank of Russia P   0.010   07/06/2026 RUB    74.000
Sberbank of Russia P   0.010   07/03/2026 RUB    55.800
EFG International Fi  18.000   6/30/2022  EUR    65.280
DZ Bank AG Deutsche    6.000   6/22/2022  EUR    73.840
DZ Bank AG Deutsche    8.500   6/22/2022  EUR    70.520
DZ Bank AG Deutsche   16.000   6/22/2022  EUR    73.390
Vontobel Financial P  17.500   9/23/2022  EUR    69.980
Vontobel Financial P  11.500   9/23/2022  EUR    76.630
Vontobel Financial P   9.500   9/23/2022  EUR    68.770
Vontobel Financial P   6.500   9/23/2022  EUR    64.270
Raiffeisen Schweiz G   7.500   3/17/2023  USD    55.600
Vontobel Financial P  13.500   6/24/2022  EUR    68.800
Vontobel Financial P  17.000   6/24/2022  EUR    65.150
Vontobel Financial P  14.000   6/24/2022  EUR    76.980
Leonteq Securities A  12.000   8/31/2022  CHF    64.920
Zurcher Kantonalbank   6.500   06/07/2022 CHF    64.580
Raiffeisen Schweiz G  17.500   9/14/2022  CHF    74.230
Raiffeisen Schweiz G   7.250   9/13/2023  CHF    74.200
Erste Group Bank AG    4.000   10/01/2025 EUR    58.300
Societe Generale Eff   9.250   6/24/2022  EUR    73.030
Societe Generale Eff   7.000  10/28/2022  EUR    74.370
Vontobel Financial P  13.500   6/24/2022  EUR    69.030
Vontobel Financial P  10.500   6/24/2022  EUR    68.290
Vontobel Financial P   8.000   6/24/2022  EUR    51.310
Vontobel Financial P  12.500   6/24/2022  EUR    52.040
Vontobel Financial P  11.000   6/24/2022  EUR    69.810
Vontobel Financial P  13.250   9/23/2022  EUR    55.160
Societe Generale Eff  10.500  10/28/2022  EUR    70.800
Societe Generale Eff  10.500  10/28/2022  EUR    35.730
Vontobel Financial P   7.000   9/23/2022  EUR    64.960
Vontobel Financial P  18.500   9/23/2022  EUR    54.810
Vontobel Financial P   6.000   9/23/2022  EUR    66.060
Vontobel Financial P   9.000   9/23/2022  EUR    61.620
Vontobel Financial P   8.500   9/23/2022  EUR    53.890
Societe Generale Eff  13.750  10/28/2022  EUR    71.660
Raiffeisen Schweiz G  16.000   9/20/2022  CHF    33.480
Vontobel Financial P  11.000   6/24/2022  EUR    70.710
Vontobel Financial P  18.000   6/24/2022  EUR    70.890
Leonteq Securities A  25.680   9/23/2022  CHF    36.180
Vontobel Financial P  15.000   9/23/2022  EUR    44.150
Vontobel Financial P  13.000   9/23/2022  EUR    45.230
Vontobel Financial P   9.000   9/23/2022  EUR    48.010
Vontobel Financial P   9.000   9/23/2022  EUR    73.660
Vontobel Financial P  13.500   9/23/2022  EUR    69.530
Vontobel Financial P  13.500   6/24/2022  EUR    69.110
Vontobel Financial P  12.500   9/23/2022  EUR    68.190
Vontobel Financial P  16.000   9/23/2022  EUR    65.800
Vontobel Financial P  11.000   9/23/2022  EUR    69.670
Basler Kantonalbank   12.000  12/22/2022  CHF    65.180
Vontobel Financial P  12.500   9/23/2022  EUR    58.250
Vontobel Financial P  16.250   6/24/2022  EUR    59.880
VTB Bank PJSC          0.010   06/03/2026 RUB    65.200
Leonteq Securities A  20.880   9/23/2022  CHF    30.960
Vontobel Financial P   5.000   6/24/2022  EUR    57.070
Vontobel Financial P   8.000   6/24/2022  EUR    47.530
Vontobel Financial P  17.500   9/23/2022  EUR    55.290
Vontobel Financial P  10.000   9/23/2022  EUR    60.750
Basler Kantonalbank    8.000   3/22/2023  CHF    68.080
Vontobel Financial P   7.250   6/24/2022  EUR    59.050
Leonteq Securities A  14.000   9/23/2022  CHF    66.970
Leonteq Securities A  10.000  12/23/2022  CHF    71.250
Societe Generale Eff   6.500  10/28/2022  EUR    43.010
Societe Generale Eff   8.500  10/28/2022  EUR    38.280
Societe Generale Eff  12.500  10/28/2022  EUR    34.040
Societe Generale Eff  16.250   9/23/2022  EUR    57.140
Societe Generale Eff   5.500  10/28/2022  EUR    74.920
Societe Generale Eff   6.500  10/28/2022  EUR    73.110
Societe Generale Eff   7.500  10/28/2022  EUR    71.610
Societe Generale Eff   8.500  10/28/2022  EUR    70.360
Societe Generale Eff   7.250   6/24/2022  EUR    76.750
Societe Generale Eff  13.500   9/23/2022  EUR    66.810
Societe Generale Eff   8.000  10/28/2022  EUR    72.450
Leonteq Securities A  22.520   07/06/2022 CHF    22.460
Leonteq Securities A  20.000   07/06/2022 CHF    32.020
Vontobel Financial P  15.500   6/24/2022  EUR    66.980
Vontobel Financial P  10.000   6/24/2022  EUR    73.560
Vontobel Financial P   5.000   9/23/2022  EUR    68.870
Vontobel Financial P   5.500   9/23/2022  EUR    67.430
Vontobel Financial P   7.500   9/23/2022  EUR    63.720
Vontobel Financial P  11.000   9/23/2022  EUR    59.940
Vontobel Financial P  11.500   9/23/2022  EUR    58.970
Vontobel Financial P  14.500   9/23/2022  EUR    56.950
Vontobel Financial P  13.500   9/23/2022  EUR    57.580
Vontobel Financial P   9.250   9/23/2022  EUR    74.140
Societe Generale Eff   8.500  10/28/2022  EUR    73.940
Societe Generale Eff  14.500  10/28/2022  EUR    33.080
Societe Generale Eff   6.250   9/23/2022  EUR    75.910
Societe Generale Eff  11.750  10/28/2022  EUR    74.320
Sberbank of Russia P   0.010   9/21/2028  RUB    55.100
Raiffeisen Schweiz G  16.000   9/20/2022  CHF    39.660
Raiffeisen Schweiz G   7.500   3/17/2023  CHF    63.230
Vontobel Financial P   7.500   6/24/2022  EUR    79.340
Vontobel Financial P   8.000   6/24/2022  EUR    58.270
Vontobel Financial P  17.500   9/23/2022  EUR    43.440
Vontobel Financial P  11.000   9/23/2022  EUR    46.510
Vontobel Financial P   7.000   9/23/2022  EUR    49.790
Vontobel Financial P  11.000   9/23/2022  EUR    71.370
Vontobel Financial P  11.500   6/24/2022  EUR    74.260
Vontobel Financial P  17.000   6/24/2022  EUR    64.820
Vontobel Financial P  11.500   9/23/2022  EUR    33.300
Vontobel Financial P   5.500   9/23/2022  EUR    52.080
Vontobel Financial P  10.500   6/24/2022  EUR    71.810
Vontobel Financial P  14.000   9/23/2022  EUR    66.830
Vontobel Financial P  15.500   9/23/2022  EUR    56.360
Vontobel Financial P  16.500   9/23/2022  EUR    55.810
Vontobel Financial P   8.500   9/23/2022  EUR    62.740
Vontobel Financial P   6.000   9/23/2022  EUR    76.190
Leonteq Securities A  17.000   1/18/2023  CHF    44.680
Vontobel Financial P   5.500   6/24/2022  EUR    70.050
Vontobel Financial P  12.750   6/24/2022  EUR    42.980
Vontobel Financial P   6.250   6/24/2022  EUR    75.590
Leonteq Securities A  10.000   4/18/2023  USD    55.760
Leonteq Securities A  18.000   10/06/2022 CHF    58.840
Leonteq Securities A  18.000   07/06/2022 CHF    64.470
Landesbank Baden-Wue   2.500   8/25/2023  EUR    60.010
UniCredit Bank AG      3.700   6/25/2022  EUR    48.360
Leonteq Securities A   2.500   06/05/2024 EUR    66.450
UniCredit Bank AG      3.850   6/28/2022  EUR    60.370
UniCredit Bank AG      3.800   6/28/2022  EUR    33.860
UniCredit Bank AG      4.250   6/28/2022  EUR    46.230
Vontobel Financial P   7.350   6/15/2022  USD    44.120
DZ Bank AG Deutsche   22.800   6/24/2022  EUR    64.130
DZ Bank AG Deutsche    6.500   9/21/2022  EUR    74.420
Vontobel Financial P   7.750   6/24/2022  EUR    73.900
Bank Julius Baer & C   6.850   6/15/2022  CHF    71.550
Societe Generale Eff  14.250   6/24/2022  EUR    75.000
DZ Bank AG Deutsche    6.500   6/22/2022  EUR    71.810
DZ Bank AG Deutsche    9.500   6/22/2022  EUR    62.940
DZ Bank AG Deutsche    7.500  12/23/2022  EUR    56.370
Vontobel Financial P   9.350   6/24/2022  EUR    69.440
Vontobel Financial P   7.700   08/02/2022 CHF    43.900
Leonteq Securities A  24.480   9/21/2022  CHF    44.800
Leonteq Securities A  10.000   10/05/2022 CHF    31.300
Vontobel Financial P   6.000   9/23/2022  EUR    73.330
Vontobel Financial P  12.500   9/23/2022  EUR    32.500
Vontobel Financial P   7.500   6/24/2022  EUR    63.960
Corner Banca SA       12.000   6/14/2022  CHF    62.340
Societe Generale Eff   5.500   9/23/2022  EUR    48.540
DZ Bank AG Deutsche    6.750   6/22/2022  EUR    73.340
DZ Bank AG Deutsche   14.500  12/21/2022  EUR    68.230
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    72.580
Societe Generale Eff  11.500   5/27/2022  EUR    55.160
Vontobel Financial P   6.250   6/24/2022  EUR    67.190
Corner Banca SA       12.000   01/05/2023 EUR    74.690
Leonteq Securities A  10.000   10/05/2022 CHF    73.080
Corner Banca SA       16.000   07/06/2022 CHF    64.540
Vontobel Financial P  16.000   9/23/2022  EUR    72.280
Leonteq Securities A  14.000   9/14/2022  EUR    34.020
Corner Banca SA       10.400  12/14/2022  CHF    37.640
Vontobel Financial P   9.000   6/24/2022  EUR    46.460
Vontobel Financial P  15.500   6/24/2022  EUR    41.070
Vontobel Financial P  10.500   6/24/2022  EUR    44.900
Leonteq Securities A  14.000   9/14/2022  CHF    50.360
Leonteq Securities A  25.460   07/01/2022 CHF    26.270
Vontobel Financial P  11.500   6/24/2022  EUR    59.610
Vontobel Financial P   6.500   6/24/2022  EUR    66.430
Corner Banca SA       17.000   1/17/2023  EUR    46.310
Vontobel Financial P  18.000   6/24/2022  EUR    24.930
Vontobel Financial P  19.500   6/24/2022  EUR    62.430
Vontobel Financial P   9.250   6/24/2022  EUR    40.210
Leonteq Securities A   6.000   07/05/2023 CHF    74.210
Leonteq Securities A  21.520   07/01/2022 CHF    21.600
Vontobel Financial P   8.000   6/24/2022  EUR    59.040
DZ Bank AG Deutsche   15.500   6/22/2022  EUR    70.300
DZ Bank AG Deutsche    5.000   9/21/2022  EUR    71.860
Bank Julius Baer & C   7.600   07/01/2022 EUR    68.250
Citigroup Global Mar   2.600   10/12/2028 EUR    77.020
DZ Bank AG Deutsche   15.500   9/21/2022  EUR    68.440
Bank Julius Baer & C   9.000   07/01/2022 USD    41.450
Bank Julius Baer & C   6.200  12/21/2022  CHF    71.200
Zurcher Kantonalbank   8.000   6/21/2023  CHF    64.030
Zurcher Kantonalbank  11.000   6/21/2022  CHF    65.490
Zurcher Kantonalbank  12.000   6/21/2022  CHF    57.030
DZ Bank AG Deutsche   10.000  12/23/2022  EUR    51.470
Vontobel Financial P  18.000   9/23/2022  EUR    32.220
DZ Bank AG Deutsche   10.000   6/24/2022  EUR    50.320
Vontobel Financial P  16.500   6/24/2022  EUR    60.370
Zurcher Kantonalbank  12.500   10/05/2022 USD    49.110
Bank Julius Baer & C   7.500   11/11/2022 EUR    71.100
Bank Julius Baer & C   7.900   2/13/2023  EUR    73.300
UBS AG/London          7.500   9/29/2023  CHF    70.550
UBS AG/London         14.750   3/29/2023  CHF    61.850
UBS AG/London         13.000   3/29/2023  USD    46.800
UBS AG/London          8.750   3/29/2023  CHF    65.100
UBS AG/London         14.250   4/20/2023  USD    55.400
UBS AG/London          4.750   7/21/2022  EUR    72.000
UBS AG/London          9.000   7/21/2023  EUR    71.450
Landesbank Baden-Wue   9.150  10/28/2022  EUR    65.480
Credit Suisse AG/Lon   6.000  11/28/2022  CHF    74.660
Credit Suisse AG/Lon  10.000   09/09/2022 USD    53.080
Credit Suisse AG/Lon   7.250   12/01/2022 CHF    70.850
Credit Suisse AG/Lon  16.000   6/27/2022  EUR    63.640
Credit Suisse AG/Lon  10.000   9/26/2022  EUR    68.100
Credit Suisse AG/Lon  10.000   10/03/2022 CHF    54.240
Credit Suisse AG/Lon   7.500   09/08/2022 EUR    65.760
Credit Suisse AG/Lon   8.500   9/13/2022  CHF    29.460
Credit Suisse AG/Lon  15.000   9/15/2022  USD    37.690
Credit Suisse AG/Lon   8.500  12/16/2022  CHF    60.680
Bank Vontobel AG       7.250   3/24/2023  CHF    71.800
Vontobel Financial P   4.500  12/23/2022  EUR    77.220
Vontobel Financial P  10.500  12/23/2022  EUR    74.270
Vontobel Financial P   4.500   9/23/2022  EUR    79.450
Vontobel Financial P   5.500  12/23/2022  EUR    47.270
Vontobel Financial P  11.500  12/23/2022  EUR    43.030
Vontobel Financial P  15.000  12/23/2022  EUR    42.260
UBS AG/London          9.500   6/30/2022  EUR    67.950
UBS AG/London          4.500   07/01/2024 CHF    73.750
UBS AG/London         11.000   6/30/2022  CHF    28.300
Vontobel Financial P  16.500  12/23/2022  EUR    68.030
UBS AG/London          6.000   6/30/2023  CHF    59.300
Vontobel Financial P  10.000  12/23/2022  EUR    73.510
Vontobel Financial P  15.000  12/23/2022  EUR    70.370
Vontobel Financial P  13.000  12/23/2022  EUR    71.070
Vontobel Financial P  14.500  12/23/2022  EUR    67.990
Vontobel Financial P   7.500  12/23/2022  EUR    57.620
Vontobel Financial P   4.000  12/23/2022  EUR    62.850
Vontobel Financial P   8.000  12/23/2022  EUR    69.170
Vontobel Financial P   5.000  12/23/2022  EUR    72.980
Vontobel Financial P  13.000  12/23/2022  EUR    73.720
Vontobel Financial P  12.000  12/23/2022  EUR    66.800
Bank Vontobel AG       7.500   1/16/2023  EUR    73.100
Bank Vontobel AG      13.000  10/17/2022  CHF    39.000
Vontobel Financial P   8.500  12/23/2022  EUR    71.770
Vontobel Financial P   7.500  12/23/2022  EUR    73.360
Vontobel Financial P  12.000  12/23/2022  EUR    68.980
Vontobel Financial P  10.000  12/23/2022  EUR    70.540
Vontobel Financial P  14.000  12/23/2022  EUR    67.580
Vontobel Financial P  10.500  12/23/2022  EUR    69.940
Vontobel Financial P  13.500  12/23/2022  EUR    68.130
Vontobel Financial P  11.500  12/23/2022  EUR    69.610
Vontobel Financial P  15.000  12/23/2022  EUR    67.380
Vontobel Financial P  12.500  12/23/2022  EUR    68.380
Vontobel Financial P   5.500  12/23/2022  EUR    71.920
EFG International Fi  19.000   11/10/2022 CHF    43.650
Leonteq Securities A   9.000   05/11/2023 CHF    73.500
Vontobel Financial P   8.500  12/23/2022  EUR    58.580
Vontobel Financial P   8.250  12/23/2022  EUR    36.320
Vontobel Financial P  12.500  12/23/2022  EUR    39.440
Leonteq Securities A   2.380   11/10/2022 EUR    43.480
DekaBank Deutsche Gi   7.260   5/30/2022  EUR    69.070
Leonteq Securities A  26.400   11/08/2022 CHF    48.820
Leonteq Securities A  26.400  11/15/2022  USD    54.190
Leonteq Securities A  22.800   11/11/2022 CHF    33.920
Societe Generale Eff  14.250   6/24/2022  EUR    66.030
Societe Generale Eff  11.750   9/23/2022  EUR    71.770
UBS AG/London          6.250   11/10/2023 CHF    70.100
Bank Vontobel AG      12.000   05/09/2023 EUR    60.000
Bank Vontobel AG      24.000   08/09/2022 CHF    42.000
Zurcher Kantonalbank  11.000   11/08/2022 CHF    70.210
Zurcher Kantonalbank  12.500   11/04/2022 CHF    64.400
Zurcher Kantonalbank  13.550   11/04/2022 CHF    61.650
Landesbank Baden-Wue  29.630  10/28/2022  EUR    75.140
Leonteq Securities A  18.000  11/15/2022  CHF    42.760
Corner Banca SA       20.000  11/15/2022  CHF    52.810
Leonteq Securities A  14.000   2/15/2023  CHF    43.160
Leonteq Securities A   9.000   05/12/2023 CHF    51.420
Corner Banca SA       10.000   5/15/2023  USD    45.050
Corner Banca SA       10.000   05/12/2023 CHF    70.870
Leonteq Securities A   7.000   05/12/2023 CHF    70.690
Vontobel Financial P  27.900   6/24/2022  EUR    64.930
Landesbank Baden-Wue   4.000  11/25/2022  EUR    71.280
Landesbank Baden-Wue  11.500  11/25/2022  EUR    72.990
Societe Generale Eff  14.000   5/27/2022  EUR    68.280
Societe Generale Eff   7.500   5/27/2022  EUR    45.590
Landesbank Baden-Wue   4.350  11/25/2022  EUR    75.730
Landesbank Baden-Wue   5.650  11/25/2022  EUR    78.570
Landesbank Baden-Wue   3.750  11/25/2022  EUR    76.160
Landesbank Baden-Wue   5.850  11/25/2022  EUR    72.520
Landesbank Baden-Wue   4.150  11/25/2022  EUR    57.180
Landesbank Baden-Wue   8.300  11/25/2022  EUR    46.990
Bank Vontobel AG      13.750   05/08/2023 CHF    53.600
Bank Vontobel AG      14.000  11/14/2022  CHF    41.800
Bank Vontobel AG       9.000   05/12/2023 CHF    72.900
Bank Vontobel AG      14.000   05/12/2023 CHF    66.800
Bank Vontobel AG      18.750  11/14/2022  CHF    40.700
Bank Vontobel AG       8.750   05/12/2023 CHF    58.800
Vontobel Financial P  18.000   9/23/2022  EUR    72.270
Vontobel Financial P  12.500  12/23/2022  EUR    70.800
Vontobel Financial P  13.500  12/23/2022  EUR    69.570
Vontobel Financial P  14.500  12/23/2022  EUR    68.420
Vontobel Financial P  16.000  12/23/2022  EUR    67.700
Vontobel Financial P  19.500  12/23/2022  EUR    65.290
Vontobel Financial P  18.000  12/23/2022  EUR    65.820
Vontobel Financial P  17.000  12/23/2022  EUR    66.730
Vontobel Financial P  12.500   9/23/2022  EUR    70.120
Vontobel Financial P  15.500   9/23/2022  EUR    67.240
Vontobel Financial P  20.500   9/23/2022  EUR    63.850
Vontobel Financial P  14.000   9/23/2022  EUR    68.630
Vontobel Financial P  17.500   9/23/2022  EUR    66.140
Vontobel Financial P  19.000   9/23/2022  EUR    64.960
Vontobel Financial P  22.000   9/23/2022  EUR    62.850
Vontobel Financial P  17.500  12/23/2022  EUR    74.670
Vontobel Financial P  20.000   9/23/2022  EUR    73.760
Vontobel Financial P  18.000   9/23/2022  EUR    74.910
Vontobel Financial P   3.000  12/23/2022  EUR    77.140
Vontobel Financial P  17.500  12/23/2022  EUR    70.070
Vontobel Financial P   8.000  12/23/2022  EUR    65.340
Vontobel Financial P  11.500  12/23/2022  EUR    67.650
Vontobel Financial P   7.000  12/23/2022  EUR    54.290
Vontobel Financial P   7.500  12/23/2022  EUR    67.700
Vontobel Financial P   8.000  12/23/2022  EUR    71.060
Vontobel Financial P   5.000   9/23/2022  EUR    67.800
Vontobel Financial P  14.000  12/23/2022  EUR    63.360
Vontobel Financial P  12.000  12/23/2022  EUR    65.280
Vontobel Financial P  16.500   9/23/2022  EUR    60.960
Vontobel Financial P  14.000   9/23/2022  EUR    63.340
Vontobel Financial P  19.000   9/23/2022  EUR    58.890
Vontobel Financial P  18.000  12/23/2022  EUR    60.350
Vontobel Financial P  16.000  12/23/2022  EUR    61.720
Vontobel Financial P   8.000  12/23/2022  EUR    64.970
Vontobel Financial P   9.500  12/23/2022  EUR    62.560
Vontobel Financial P  12.000  12/23/2022  EUR    61.080
Vontobel Financial P  11.500   9/23/2022  EUR    66.100
Vontobel Financial P  14.000  12/23/2022  EUR    59.630
Vontobel Financial P  16.000  12/23/2022  EUR    58.370
Vontobel Financial P   7.500   9/23/2022  EUR    64.640
Vontobel Financial P  10.000   9/23/2022  EUR    61.950
Vontobel Financial P  15.000  12/23/2022  EUR    58.950
Vontobel Financial P  11.000   9/23/2022  EUR    60.610
Vontobel Financial P   8.500   9/23/2022  EUR    63.090
Vontobel Financial P  17.000  12/23/2022  EUR    57.850
Vontobel Financial P  12.500   9/23/2022  EUR    59.630
Vontobel Financial P  15.500   9/23/2022  EUR    57.890
Vontobel Financial P  14.000   9/23/2022  EUR    58.720
Vontobel Financial P  18.500   9/23/2022  EUR    56.380
Vontobel Financial P  17.000   9/23/2022  EUR    57.070
Vontobel Financial P   6.000  12/23/2022  EUR    42.390
Vontobel Financial P  10.000  12/23/2022  EUR    40.270
Vontobel Financial P  11.500  12/23/2022  EUR    39.770
Vontobel Financial P   6.000   9/23/2022  EUR    41.280
Vontobel Financial P   9.500   9/23/2022  EUR    38.950
Vontobel Financial P   8.000  12/23/2022  EUR    41.170
Vontobel Financial P  13.000  12/23/2022  EUR    39.830
Vontobel Financial P  15.000  12/23/2022  EUR    39.450
Vontobel Financial P  14.000  12/23/2022  EUR    39.610
Vontobel Financial P  10.500   9/23/2022  EUR    38.240
Vontobel Financial P  13.500   9/23/2022  EUR    37.470
Vontobel Financial P   7.000   9/23/2022  EUR    40.350
Vontobel Financial P  17.000   9/23/2022  EUR    37.120
Vontobel Financial P   8.000   9/23/2022  EUR    39.500
Vontobel Financial P  12.000   9/23/2022  EUR    37.830
Vontobel Financial P  16.500  12/23/2022  EUR    39.650
Vontobel Financial P  15.000   9/23/2022  EUR    37.170
Vontobel Financial P  20.000   9/23/2022  EUR    55.750
Vontobel Financial P   4.500  12/23/2022  EUR    77.630
Vontobel Financial P   7.000   9/23/2022  EUR    76.730
Vontobel Financial P   7.000   9/23/2022  EUR    69.150
Vontobel Financial P   7.500   9/23/2022  EUR    64.780
DZ Bank AG Deutsche    9.500   5/25/2022  EUR    73.070
DZ Bank AG Deutsche   12.000   6/22/2022  EUR    66.060
DZ Bank AG Deutsche   13.000   6/22/2022  EUR    65.460
DZ Bank AG Deutsche   10.500   5/25/2022  EUR    30.450
DZ Bank AG Deutsche    6.000  12/21/2022  EUR    60.650
Societe Generale Eff  10.250  10/28/2022  EUR    72.240
Societe Generale Eff  15.000   5/27/2022  EUR    60.990
Societe Generale Eff  13.000   7/22/2022  EUR    63.070
Societe Generale Eff  12.250   8/26/2022  EUR    63.900
DZ Bank AG Deutsche   15.750   5/25/2022  EUR    64.090
DZ Bank AG Deutsche   15.750   6/22/2022  EUR    73.690
DZ Bank AG Deutsche    7.250   9/21/2022  EUR    73.820
DZ Bank AG Deutsche    6.250  12/21/2022  EUR    74.180
DZ Bank AG Deutsche    5.500   3/22/2023  EUR    73.820
Leonteq Securities A  21.600   12/06/2022 CHF    40.920
Leonteq Securities A  22.800   12/06/2022 CHF    53.530
Leonteq Securities A   8.800   12/07/2023 CHF    76.400
Credit Suisse AG/Lon  13.500  11/28/2022  CHF    35.730
Credit Suisse AG/Lon  15.000  11/29/2022  USD    36.360
Bank Vontobel AG       9.000   2/21/2023  CHF    66.200
Bank Vontobel AG      12.250  11/28/2022  CHF    58.100
Bank Vontobel AG       7.000   5/26/2023  EUR    71.100
DZ Bank AG Deutsche    6.750  12/21/2022  EUR    76.940
Raiffeisen Schweiz G   8.200   12/06/2023 CHF    76.230
Raiffeisen Switzerla  19.000   12/06/2022 CHF    52.210
Leonteq Securities A  22.200   12/07/2022 CHF    48.530
Sberbank of Russia P   0.010   12/07/2026 RUB    61.200
DZ Bank AG Deutsche   16.800   9/23/2022  EUR    72.530
DZ Bank AG Deutsche   16.700  12/23/2022  EUR    55.020
DZ Bank AG Deutsche   16.800   9/23/2022  EUR    76.980
DZ Bank AG Deutsche   19.100  12/23/2022  EUR    67.820
DZ Bank AG Deutsche   20.500   9/23/2022  EUR    71.110
DZ Bank AG Deutsche   17.300  12/23/2022  EUR    73.640
Sberbank of Russia P   0.010   12/07/2026 RUB    59.000
Ebis OOO              14.500  11/25/2025  RUB    70.000
SG Issuer SA           2.100  12/27/2033  EUR    63.370
DZ Bank AG Deutsche   23.900   6/24/2022  EUR    61.400
Societe Generale Eff  13.500   9/23/2022  EUR    60.420
DZ Bank AG Deutsche   17.700  12/23/2022  EUR    36.210
DZ Bank AG Deutsche   13.500   3/24/2023  EUR    38.610
DZ Bank AG Deutsche   18.300  12/23/2022  EUR    75.170
DZ Bank AG Deutsche   20.200   6/24/2022  EUR    75.940
DZ Bank AG Deutsche   10.500  12/23/2022  EUR    64.310
DZ Bank AG Deutsche   12.000   3/24/2023  EUR    63.440
DZ Bank AG Deutsche   10.000   3/24/2023  EUR    75.440
UniCredit Bank AG      6.300  12/21/2022  EUR    51.570
Societe Generale Eff   5.500  10/28/2022  EUR    73.160
DZ Bank AG Deutsche   18.500  11/25/2022  EUR    35.330
DZ Bank AG Deutsche   14.200   9/23/2022  EUR    74.240
DZ Bank AG Deutsche   21.600   6/24/2022  EUR    56.100
Bank Vontobel AG       7.750   2/20/2023  CHF    73.600
Bank Vontobel AG      20.000  11/21/2022  CHF    54.300
Bank Vontobel AG      10.750   5/22/2023  CHF    64.000
Societe Generale Eff  15.000   7/22/2022  EUR    77.700
DZ Bank AG Deutsche   18.800   9/23/2022  EUR    65.350
DZ Bank AG Deutsche   11.500  11/25/2022  EUR    70.830
DZ Bank AG Deutsche    8.300   3/24/2023  EUR    74.170
DZ Bank AG Deutsche   12.500   3/24/2023  EUR    73.690
DZ Bank AG Deutsche   15.700  11/25/2022  EUR    35.760
DZ Bank AG Deutsche   16.700   9/23/2022  EUR    59.580
DZ Bank AG Deutsche   14.100  12/23/2022  EUR    62.000
DZ Bank AG Deutsche   11.800   3/24/2023  EUR    70.600
DZ Bank AG Deutsche   10.100   3/24/2023  EUR    73.980
DZ Bank AG Deutsche   15.800  12/23/2022  EUR    67.900
DZ Bank AG Deutsche   19.100   6/24/2022  EUR    63.820
Societe Generale Eff   7.500  10/28/2022  EUR    70.230
Societe Generale Eff   8.500  10/28/2022  EUR    69.090
DZ Bank AG Deutsche   18.700   6/24/2022  EUR    71.380
DZ Bank AG Deutsche   24.700   6/24/2022  EUR    73.050
DZ Bank AG Deutsche   10.900  11/25/2022  EUR    63.800
DZ Bank AG Deutsche    6.700   3/24/2023  EUR    68.460
DZ Bank AG Deutsche   10.000   3/24/2023  EUR    72.240
Leonteq Securities A  15.000   2/24/2023  USD    69.170
DZ Bank AG Deutsche   15.600   9/23/2022  EUR    67.240
DZ Bank AG Deutsche    9.100   3/24/2023  EUR    65.370
DZ Bank AG Deutsche   13.700   3/24/2023  EUR    69.330
DZ Bank AG Deutsche   12.100  11/25/2022  EUR    72.020
Bank Vontobel AG      14.000   5/22/2023  CHF    64.700
Leonteq Securities A  14.000   2/23/2023  CHF    67.340
Societe Generale Eff  14.000   6/24/2022  EUR    59.340
DZ Bank AG Deutsche   14.000  11/25/2022  EUR    68.880
DZ Bank AG Deutsche   13.400  12/23/2022  EUR    69.480
DZ Bank AG Deutsche   14.600   6/24/2022  EUR    66.760
Societe Generale Eff   9.500   8/26/2022  EUR    67.770
Societe Generale Eff   6.500  10/28/2022  EUR    71.540
DZ Bank AG Deutsche   20.400  12/23/2022  EUR    36.220
DZ Bank AG Deutsche   15.600   3/24/2023  EUR    38.520
DZ Bank AG Deutsche   17.700   3/24/2023  EUR    38.700
DZ Bank AG Deutsche   16.300   3/24/2023  EUR    77.410
DZ Bank AG Deutsche   14.200   6/24/2022  EUR    59.730
DZ Bank AG Deutsche   11.800   9/23/2022  EUR    62.360
EFG International Fi   9.400  11/24/2022  CHF    69.740
Basler Kantonalbank   12.000  11/24/2022  CHF    67.830
Societe Generale Eff  10.250   7/22/2022  EUR    66.990
UBS AG/London         21.500  11/25/2022  USD    61.250
Bank Vontobel AG      20.500  11/21/2022  CHF    54.400
Bank Vontobel AG       8.000   5/22/2023  CHF    62.600
Bank Vontobel AG      18.000  11/21/2022  USD    51.000
Bank Vontobel AG      10.000  11/21/2022  CHF    46.300
Skandinaviska Enskil   9.020   7/17/2023  SEK    66.260
SecurAsset SA          5.250   6/30/2022  EUR    30.050
UBS AG/London         15.000  11/25/2022  USD    64.450
Landesbank Baden-Wue   3.000   6/24/2022  EUR    59.930
Landesbank Baden-Wue   3.000   4/25/2022  EUR    56.090
Societe Generale SA    6.000   05/09/2022 USD     0.190
Bank Julius Baer & C  14.500  10/26/2022  EUR    67.850
Leonteq Securities A  20.400  10/26/2022  CHF    35.540
Leonteq Securities A  22.200  10/26/2022  CHF    66.510
UBS AG/London         10.250   08/04/2023 CHF    76.250
Raiffeisen Schweiz G  18.000  10/25/2022  CHF    52.550
Raiffeisen Schweiz G   8.000   7/25/2023  CHF    64.260
Raiffeisen Schweiz G  10.000   4/25/2023  CHF    42.920
Vontobel Financial P   9.250  12/23/2022  EUR    55.610
DZ Bank AG Deutsche    9.600   6/24/2022  EUR    74.650
DZ Bank AG Deutsche   12.200   6/24/2022  EUR    71.260
DZ Bank AG Deutsche   15.300   6/24/2022  EUR    68.310
DZ Bank AG Deutsche    8.500   9/23/2022  EUR    76.060
DZ Bank AG Deutsche   10.500   9/23/2022  EUR    73.340
DZ Bank AG Deutsche   12.800   9/23/2022  EUR    71.000
DZ Bank AG Deutsche   10.100  10/28/2022  EUR    73.940
DZ Bank AG Deutsche    9.600  12/23/2022  EUR    74.760
DZ Bank AG Deutsche   12.200  10/28/2022  EUR    71.790
DZ Bank AG Deutsche    8.000  12/23/2022  EUR    76.980
DZ Bank AG Deutsche   11.300  12/23/2022  EUR    72.790
DZ Bank AG Deutsche   16.600   9/23/2022  EUR    37.890
DZ Bank AG Deutsche   18.800  10/28/2022  EUR    38.000
DZ Bank AG Deutsche   14.800  12/23/2022  EUR    40.710
DZ Bank AG Deutsche   17.300  12/23/2022  EUR    39.840
Vontobel Financial P   5.500  12/23/2022  EUR    74.350
Vontobel Financial P   8.250  12/23/2022  EUR    68.570
Vontobel Financial P   9.750  12/23/2022  EUR    74.670
Leonteq Securities A  14.000  10/28/2022  CHF    72.570
UniCredit Bank AG      7.250   12/09/2022 EUR    75.590
Bank Julius Baer & C  10.100  11/14/2022  USD    72.100
UBS AG/London          4.250   3/29/2023  EUR    71.750
UBS AG/London         10.750  10/20/2022  EUR    52.650
UBS AG/London         10.500   1/23/2023  CHF    39.200
Credit Suisse AG/Lon  11.500   8/25/2022  USD    31.780
Credit Suisse AG/Lon   7.500  11/28/2022  USD    70.330
Credit Suisse AG/Lon   8.500   6/30/2022  CHF    27.410
Credit Suisse AG/Lon   8.500   6/24/2022  CHF    27.080
Credit Suisse AG/Lon  15.000   6/27/2022  USD    28.760
Credit Suisse AG/Lon   7.000   9/28/2022  CHF    76.710
UBS AG/London         19.500   09/01/2022 USD    50.600
UBS AG/London          8.250   03/01/2023 CHF    55.100
UBS AG/London         10.500   2/27/2023  CHF    72.950
Credit Suisse AG/Lon  11.750   09/08/2022 USD    38.220
Credit Suisse AG/Lon   7.000   12/08/2022 CHF    70.310
Credit Suisse AG/Lon  10.500   09/12/2022 CHF    29.240
Credit Suisse AG/Lon   7.750  12/15/2022  CHF    72.220
Bank Vontobel AG       6.750   3/17/2023  CHF    69.600
Bank Vontobel AG       7.750   3/17/2023  CHF    72.700
Bank Vontobel AG       8.500   3/17/2023  CHF    43.200
Bank Vontobel AG      11.500   3/17/2023  CHF    61.400
Bank Vontobel AG      20.000  12/19/2022  CHF    44.000
Bank Vontobel AG      10.500  12/27/2022  CHF    47.400
Vontobel Financial P   8.500  12/23/2022  EUR    70.370
Vontobel Financial P   8.500  12/23/2022  EUR    44.760
UBS AG/London          8.250   6/30/2023  CHF    71.400
Vontobel Financial P   9.000  12/23/2022  EUR    73.010
UBS AG/London         14.500   6/30/2022  CHF    53.550
Vontobel Financial P  17.000  12/23/2022  EUR    66.560
Vontobel Financial P  16.000  12/23/2022  EUR    67.100
Vontobel Financial P  14.500  12/23/2022  EUR    53.710
Vontobel Financial P  12.000  12/23/2022  EUR    54.600
Vontobel Financial P  15.000  12/23/2022  EUR    72.890
Vontobel Financial P  10.000  12/23/2022  EUR    67.890
Vontobel Financial P  14.000  12/23/2022  EUR    65.870
Bank Vontobel AG       9.250   1/16/2023  CHF    67.400
Corner Banca SA       16.000   4/29/2022  CHF    55.880
Bank Vontobel AG      13.259   7/29/2022  CHF    32.800
Banque Cantonale Vau  22.200   08/02/2022 CHF    71.580
Societe Generale Eff   4.750  10/28/2022  EUR    76.650
Leonteq Securities A  20.000   11/08/2022 USD    66.510
Leonteq Securities A  13.000   11/08/2022 CHF    53.020
Raiffeisen Schweiz G  16.000  11/29/2022  CHF    58.440
Raiffeisen Schweiz G   9.000   2/28/2023  CHF    63.100
Raiffeisen Schweiz G   6.600  11/29/2023  CHF    72.880
Bank Vontobel AG       6.500   2/20/2023  CHF    34.400
Bank Vontobel AG       9.000  11/20/2023  EUR    70.600
Bank Vontobel AG       7.500   5/26/2023  CHF    67.500
Bank Vontobel AG      12.500   2/27/2023  CHF    39.700
Bank Vontobel AG      24.000  11/28/2022  CHF    46.100
Bank Vontobel AG      12.000  11/28/2022  CHF    61.400
EFG International Fi  14.600  11/29/2022  USD    66.590
DZ Bank AG Deutsche    8.000   6/22/2022  EUR    72.170
DZ Bank AG Deutsche   12.000  12/21/2022  EUR    70.490
DZ Bank AG Deutsche   14.750  12/21/2022  EUR    72.180
DZ Bank AG Deutsche   11.000   9/21/2022  EUR    69.600
DZ Bank AG Deutsche    8.000  12/21/2022  EUR    72.170
DZ Bank AG Deutsche    5.250   3/22/2023  EUR    75.190
DZ Bank AG Deutsche    6.250  12/21/2022  EUR    76.460
DZ Bank AG Deutsche    7.500   9/21/2022  EUR    73.880
DZ Bank AG Deutsche    6.000  12/21/2022  EUR    74.610
Landesbank Baden-Wue   6.150   3/24/2023  EUR    77.530
Landesbank Baden-Wue   3.500   3/24/2023  EUR    48.680
Landesbank Baden-Wue   6.200   3/24/2023  EUR    42.170
Landesbank Baden-Wue   8.650   3/24/2023  EUR    39.470
Landesbank Baden-Wue   3.350   3/24/2023  EUR    71.130
Landesbank Baden-Wue   8.900   3/24/2023  EUR    71.170
Landesbank Baden-Wue   3.650   3/24/2023  EUR    62.730
Landesbank Baden-Wue   6.200   3/24/2023  EUR    58.450
Leonteq Securities A  12.000   9/30/2022  CHF    71.930
Vontobel Financial P  18.500   9/23/2022  EUR    66.790
Vontobel Financial P  16.750   9/23/2022  EUR    50.270
Vontobel Financial P  13.250   9/23/2022  EUR    75.910
Vontobel Financial P  15.000   9/23/2022  EUR    63.870
Vontobel Financial P   9.000   9/23/2022  EUR    66.080
Vontobel Financial P  16.500   9/23/2022  EUR    63.280
DekaBank Deutsche Gi   4.790   9/23/2022  EUR    64.420
Sberbank of Russia P   0.010   10/03/2028 RUB    58.600
Luzerner Kantonalban  23.100   8/15/2022  CHF    47.920
Leonteq Securities A  18.500  11/29/2022  CHF    58.960
Leonteq Securities A  25.000  11/29/2022  CHF    63.110
Leonteq Securities A  10.800   5/26/2023  EUR    58.410
Corner Banca SA       10.000  11/29/2022  EUR    70.800
Leonteq Securities A  17.600   5/30/2023  USD    62.540
Leonteq Securities A  10.800   5/26/2023  CHF    68.140
Leonteq Securities A  10.800   5/26/2023  EUR    70.740
Corner Banca SA       13.200  11/29/2022  CHF    64.740
Leonteq Securities A  12.800  11/29/2022  CHF    48.330
Leonteq Securities A   7.800  11/29/2023  CHF    71.700
Corner Banca SA       11.000  11/29/2022  CHF    35.700
Leonteq Securities A   8.000   03/01/2023 CHF    68.160
Corner Banca SA       12.000  11/29/2022  USD    50.250
Leonteq Securities A  10.000  11/29/2022  CHF    59.980
Leonteq Securities A  11.000   5/30/2023  USD    59.410
Leonteq Securities A  10.000  11/29/2022  CHF    66.890
Raiffeisen Schweiz G   9.000   5/26/2023  USD    63.030
Raiffeisen Schweiz G   7.000  11/29/2023  CHF    75.670
Bank Vontobel AG       9.000  11/20/2023  CHF    43.000
Bank Vontobel AG       8.000  11/27/2023  EUR    54.400
Bank Vontobel AG      21.750   5/26/2023  CHF    49.300
Bank Vontobel AG       7.250   2/27/2023  CHF    71.800
Bank Vontobel AG       9.000   5/26/2023  EUR    70.000
Bank Vontobel AG      18.250   5/26/2023  EUR    41.600
Bank Vontobel AG       9.500   3/31/2023  EUR    71.700
Bank Vontobel AG      14.250   11/07/2022 CHF    39.800
Leonteq Securities A  15.000   11/08/2022 CHF    36.990
Leonteq Securities A  14.000   02/08/2023 USD    49.170
Sberbank of Russia P   0.010  10/21/2026  RUB    60.200
EFG International Fi  18.000  10/20/2022  CHF    52.530
Vontobel Financial P   8.500  12/23/2022  EUR    70.440
Vontobel Financial P   5.500  12/23/2022  EUR    65.110
Vontobel Financial P   7.000  12/23/2022  EUR    69.030
Vontobel Financial P  20.000   9/23/2022  EUR    66.990
Vontobel Financial P  13.000  12/23/2022  EUR    66.550
Vontobel Financial P  13.500   9/23/2022  EUR    64.330
Vontobel Financial P  21.000  12/23/2022  EUR    74.430
Vontobel Financial P   8.000  12/23/2022  EUR    71.060
Vontobel Financial P  18.500  12/23/2022  EUR    75.950
Vontobel Financial P  17.500   9/23/2022  EUR    71.800
Vontobel Financial P  12.500   9/23/2022  EUR    77.300
UBS AG/London         18.500   06/08/2023 USD    58.100
Vontobel Financial P  15.500  12/23/2022  EUR    65.440
Vontobel Financial P  15.500   9/23/2022  EUR    72.310
Vontobel Financial P   4.500  12/23/2022  EUR    74.390
Vontobel Financial P   3.000  12/23/2022  EUR    76.850
Vontobel Financial P   3.000   9/23/2022  EUR    76.550
Vontobel Financial P   4.900   7/13/2023  EUR    67.750
Societe Generale Eff  18.250   7/22/2022  EUR    74.240
Societe Generale Eff  16.750   8/26/2022  EUR    75.300
Societe Generale Eff  25.250   7/22/2022  EUR    42.910
Societe Generale Eff   9.000   8/26/2022  EUR    58.480
Societe Generale Eff  23.000   8/26/2022  EUR    44.500
Societe Generale Eff   7.500   9/23/2022  EUR    61.500
Societe Generale Eff   6.000  12/23/2022  EUR    66.180
EFG International Fi  17.400   06/10/2022 USD    70.900
EFG International Fi   7.000   06/09/2023 CHF    71.470
EFG International Fi  10.000   12/09/2022 USD    43.550
Leonteq Securities A  21.880   06/10/2022 CHF    62.930
Leonteq Securities A  21.760   06/10/2022 CHF    27.840
BNP Paribas Emission   3.000   6/23/2022  EUR    75.440
BNP Paribas Emission   3.000   6/23/2022  EUR    73.780
BNP Paribas Emission   3.000  12/22/2022  EUR    76.270
BNP Paribas Emission   4.000  12/22/2022  EUR    74.820
BNP Paribas Emission   4.000   3/23/2023  EUR    75.020
Zurcher Kantonalbank   8.100  12/14/2022  USD    45.910
DZ Bank AG Deutsche   10.000  12/23/2022  EUR    49.880
DZ Bank AG Deutsche   12.200   9/23/2022  EUR    59.290
DZ Bank AG Deutsche    9.400   9/23/2022  EUR    68.850
DZ Bank AG Deutsche   11.700   9/23/2022  EUR    65.740
DZ Bank AG Deutsche   10.800   9/23/2022  EUR    70.960
DZ Bank AG Deutsche   13.800   6/24/2022  EUR    72.640
DZ Bank AG Deutsche   13.400   9/23/2022  EUR    61.140
Societe Generale Eff   9.500   6/24/2022  EUR    74.600
DZ Bank AG Deutsche    8.100  12/19/2022  EUR    76.110
DZ Bank AG Deutsche    7.600   3/20/2023  EUR    76.330
Bank Julius Baer & C   9.150   6/13/2022  USD    68.400
DZ Bank AG Deutsche    5.000  12/19/2022  EUR    67.690
DZ Bank AG Deutsche    9.500  12/19/2022  EUR    76.540
DZ Bank AG Deutsche    8.500  12/19/2022  EUR    69.950
DZ Bank AG Deutsche    6.750   3/20/2023  EUR    75.770
DZ Bank AG Deutsche    4.750   3/20/2023  EUR    77.480
Leonteq Securities A  10.000  12/14/2022  CHF    65.000
UBS AG/London          9.900   07/01/2024 EUR    57.680
Raiffeisen Centroban  11.750   08/04/2023 EUR    52.540
Landesbank Baden-Wue   6.000   1/27/2023  EUR    56.480
Raiffeisen Schweiz G   9.000   03/10/2023 USD    57.410
Raiffeisen Schweiz G  10.000   03/10/2023 CHF    62.190
Erste Group Bank AG    4.500   10/01/2025 EUR    65.500
Societe Generale Eff   9.750   7/22/2022  EUR    70.190
Bank Julius Baer & C   7.250   9/14/2022  CHF    65.700
UBS AG/London          4.520   09/07/2023 USD     9.273
Vontobel Financial P  14.000   9/23/2022  EUR    72.300
Vontobel Financial P  11.500   6/24/2022  EUR    68.970
Vontobel Financial P  18.500   6/24/2022  EUR    72.160
Vontobel Financial P  15.000   9/23/2022  EUR    67.100
Vontobel Financial P  14.000   6/24/2022  EUR    67.200
DZ Bank AG Deutsche   10.600   9/23/2022  EUR    67.980
DZ Bank AG Deutsche   13.600   9/23/2022  EUR    67.650
DZ Bank AG Deutsche   15.900   9/23/2022  EUR    66.630
DZ Bank AG Deutsche   19.000   9/23/2022  EUR    63.230
DZ Bank AG Deutsche   21.000   9/23/2022  EUR    60.450
DZ Bank AG Deutsche   17.500   6/24/2022  EUR    62.940
DZ Bank AG Deutsche   10.500   9/23/2022  EUR    65.260
DZ Bank AG Deutsche   17.600   9/23/2022  EUR    63.120
BNP Paribas Issuance   9.000   5/18/2022  SEK    63.720
Vontobel Financial P  12.500   6/24/2022  EUR    56.270
Bank Julius Baer & C  10.300   5/25/2022  CHF    72.600
Bank Julius Baer & C   6.300   5/25/2022  CHF    69.100
DZ Bank AG Deutsche   15.750   6/22/2022  EUR    62.400
Vontobel Financial P   9.000   6/24/2022  EUR    68.130
DZ Bank AG Deutsche    9.000   6/22/2022  EUR    59.380
Vontobel Financial P  12.500   6/24/2022  EUR    75.590
Bank Julius Baer & C  10.800   5/25/2022  USD    35.300
EFG International Fi   5.700   5/24/2023  USD    57.530
Zurcher Kantonalbank   9.500   06/07/2022 USD    70.530
Societe Generale Eff  10.250   5/27/2022  EUR    70.910
DZ Bank AG Deutsche   14.300   6/24/2022  EUR    58.600
DZ Bank AG Deutsche   17.200   6/24/2022  EUR    43.420
DZ Bank AG Deutsche    7.300   6/24/2022  EUR    68.710
DZ Bank AG Deutsche   14.000   6/24/2022  EUR    64.250
DZ Bank AG Deutsche   19.700   6/24/2022  EUR    66.040
DZ Bank AG Deutsche   22.000   6/24/2022  EUR    76.980
DZ Bank AG Deutsche    9.700   6/24/2022  EUR    60.910
Leonteq Securities A  23.000   09/09/2022 CHF    45.770
UniCredit Bank AG     10.300   9/27/2024  EUR    66.670
DekaBank Deutsche Gi   1.000   3/17/2025  EUR    66.770
Zurcher Kantonalbank  10.500   06/02/2022 CHF    61.260
EFG International Fi  11.000   09/10/2024 USD    66.810
Bank Vontobel AG       7.255  11/21/2022  CHF    68.300
DZ Bank AG Deutsche   20.200   6/24/2022  EUR    51.700
DZ Bank AG Deutsche    9.900   6/24/2022  EUR    67.170
DZ Bank AG Deutsche   15.500   6/24/2022  EUR    74.360
DZ Bank AG Deutsche    9.300   6/24/2022  EUR    78.750
DZ Bank AG Deutsche    8.900   6/24/2022  EUR    61.350
DZ Bank AG Deutsche   11.300   6/24/2022  EUR    55.390
DZ Bank AG Deutsche   19.900   6/24/2022  EUR    60.520
DZ Bank AG Deutsche   17.600   6/24/2022  EUR    65.490
Leonteq Securities A  22.000   09/09/2022 CHF    32.340
LLC Online Microfina  12.500   05/04/2024 RUB    73.940
Societe Generale Eff  16.750   6/24/2022  EUR    27.650
Societe Generale Eff  16.000   7/22/2022  EUR    28.690
Vontobel Financial P  18.000   9/23/2022  EUR    61.100
Vontobel Financial P  17.000   9/23/2022  EUR    62.980
Vontobel Financial P  14.000   9/23/2022  EUR    46.780
EFG International Fi  15.000   5/27/2022  CHF    71.440
UBS AG/London         10.250   5/30/2023  CHF    51.150
UBS AG/London          9.750  11/28/2022  EUR    73.000
UBS AG/London          8.250   5/27/2022  CHF    30.800
Leonteq Securities A  15.000   9/13/2022  CHF    41.170
Leonteq Securities A   9.000   03/10/2023 CHF    64.560
Leonteq Securities A   7.000   9/13/2023  CHF    77.010
Corner Banca SA       20.000   9/13/2022  CHF    43.170
Leonteq Securities A  10.000  12/13/2022  USD    41.690
Societe Generale Eff  15.250   8/26/2022  EUR    30.080
Corner Banca SA       15.000   05/12/2022 CHF    49.630
Raiffeisen Switzerla  10.500   05/12/2022 CHF    59.180
UBS AG/London         14.750   2/17/2023  CHF    34.150
Vontobel Financial P   4.800   06/01/2022 EUR    66.400
DZ Bank AG Deutsche    7.500   9/19/2022  EUR    75.320
Leonteq Securities A  13.400   5/18/2022  CHF    58.040
EFG International Fi  12.000   12/09/2022 CHF    42.630
UBS AG/London         11.250   12/09/2022 CHF    36.550
UBS AG/London          8.000   06/09/2023 CHF    60.550
UBS AG/London          8.250   06/09/2023 CHF    68.000
UBS AG/London          6.000   06/09/2022 EUR    48.600
UBS AG/London         10.500   06/09/2023 CHF    59.650
Raiffeisen Schweiz G  15.000   06/07/2022 CHF    60.260
Raiffeisen Schweiz G   6.300   12/07/2022 CHF    77.000
BNP Paribas Emission   4.000   6/23/2022  EUR    77.320
BNP Paribas Emission   3.000   9/22/2022  EUR    76.380
BNP Paribas Emission   4.000   9/22/2022  EUR    74.490
BNP Paribas Emission   3.000   3/23/2023  EUR    75.730
BNP Paribas Emission   5.000   6/22/2023  EUR    73.840
DZ Bank AG Deutsche   13.800   9/23/2022  EUR    69.740
DZ Bank AG Deutsche   12.800   6/24/2022  EUR    68.490
DZ Bank AG Deutsche   10.300   9/23/2022  EUR    64.460
DZ Bank AG Deutsche   11.900   9/23/2022  EUR    62.730
Societe Generale Eff   5.500   5/27/2022  EUR    68.990
Bank Julius Baer & C   9.400   09/12/2022 EUR    67.550
DZ Bank AG Deutsche    6.250  12/19/2022  EUR    72.730
DZ Bank AG Deutsche    8.250  12/19/2022  EUR    74.360
EFG International Fi  17.000   6/30/2022  CHF    35.010
EFG International Fi  10.010   6/30/2022  EUR    33.320
Landesbank Baden-Wue   6.200   1/27/2023  EUR    74.620
Landesbank Baden-Wue   5.100   1/27/2023  EUR    69.760
Societe Generale Eff   7.500   5/27/2022  EUR    62.460
Societe Generale Eff   9.500   5/27/2022  EUR    58.850
Societe Generale Eff   5.000   6/24/2022  EUR    76.760
Societe Generale Eff   7.000   6/24/2022  EUR    71.200
Societe Generale Eff   9.000   6/24/2022  EUR    67.110
Zurcher Kantonalbank   7.500   01/10/2023 CHF    65.370
Leonteq Securities A  24.870   6/14/2022  CHF    20.210
Zurcher Kantonalbank  24.000   6/17/2022  CHF    48.430
Landesbank Baden-Wue  10.500   1/27/2023  EUR    68.430
Landesbank Baden-Wue   7.200   1/27/2023  EUR    69.100
Landesbank Baden-Wue  10.500   1/27/2023  EUR    49.860
Landesbank Baden-Wue   7.000   1/27/2023  EUR    74.060
Societe Generale Eff   6.000   6/24/2022  EUR    73.740
Societe Generale Eff   8.000   6/24/2022  EUR    68.950
DekaBank Deutsche Gi   3.400   7/19/2024  EUR    69.420
Landesbank Baden-Wue   2.100  11/24/2023  EUR    75.930
Zurcher Kantonalbank   7.000   01/10/2023 CHF    65.840
Vontobel Financial P   7.500   6/24/2022  EUR    60.680
Vontobel Financial P  12.000   6/24/2022  EUR    54.670
Vontobel Financial P  14.500   6/24/2022  EUR    52.200
Vontobel Financial P  12.000   6/24/2022  EUR    43.480
Vontobel Financial P  16.000   6/24/2022  EUR    51.180
Vontobel Financial P  17.000   6/24/2022  EUR    39.980
Vontobel Financial P  13.500   6/24/2022  EUR    42.180
Vontobel Financial P  11.000   6/24/2022  EUR    67.160
Leonteq Securities A  14.000   1/17/2023  CHF    71.590
Leonteq Securities A  15.740   08/10/2022 USD    31.190
Sberbank of Russia P   0.010   5/23/2028  RUB    68.900
Vontobel Financial P   8.500   5/25/2022  USD    36.710
Vontobel Financial P  10.000   6/24/2022  EUR    59.270
Vontobel Financial P  15.000   6/24/2022  EUR    53.670
Vontobel Financial P   8.000   6/24/2022  EUR    62.770
Vontobel Financial P  19.500   6/24/2022  EUR    76.210
Bank Vontobel AG      18.006   5/24/2023  EUR    57.800
Raiffeisen Schweiz G   8.000  11/21/2022  CHF    69.360
Vontobel Financial P   9.000   6/24/2022  EUR    57.770
Vontobel Financial P  10.250   6/24/2022  EUR    64.140
Vontobel Financial P   6.500   6/24/2022  EUR    74.460
DZ Bank AG Deutsche    7.000   6/22/2022  EUR    59.520
Zurcher Kantonalbank  11.000   06/07/2022 USD    72.900
Zurcher Kantonalbank  17.000   06/07/2022 USD    62.880
Societe Generale Eff  14.250   9/23/2022  EUR    30.720
Societe Generale Eff   8.250   5/27/2022  EUR    74.780
Zurcher Kantonalbank  24.500   06/02/2022 CHF    55.620
Bank Vontobel AG       6.502   5/23/2023  CHF    70.200
DZ Bank AG Deutsche   13.500   6/24/2022  EUR    70.940
DZ Bank AG Deutsche   13.200   6/24/2022  EUR    76.660
DZ Bank AG Deutsche   11.300   6/24/2022  EUR    76.300
DZ Bank AG Deutsche   20.200   6/24/2022  EUR    71.030
DZ Bank AG Deutsche   13.000   6/24/2022  EUR    69.420
DZ Bank AG Deutsche   18.400   6/24/2022  EUR    30.840
DZ Bank AG Deutsche   13.300   6/24/2022  EUR    56.060
DZ Bank AG Deutsche   16.200   6/24/2022  EUR    50.200
Vontobel Financial P   4.100  12/16/2022  EUR    71.810
Credit Suisse AG/Lon  10.000   8/26/2022  EUR    78.580
UBS AG/London         11.750  11/28/2022  CHF    41.400
UBS AG/London          8.500   5/27/2022  CHF    62.650
UBS AG/London          9.000   5/30/2023  CHF    71.050
UBS AG/London          8.500  11/28/2022  EUR    55.150
UBS AG/London         12.000  11/28/2022  CHF    73.850
Corner Banca SA       14.600  12/13/2022  CHF    42.170
Corner Banca SA       17.000  12/13/2022  USD    52.110
Leonteq Securities A  10.000   03/10/2023 CHF    35.390
Leonteq Securities A  18.000   9/13/2022  USD    46.760
Basler Kantonalbank    8.000  11/28/2022  CHF    72.180
Societe Generale Eff   5.250   8/26/2022  EUR    43.910
Societe Generale Eff  10.000   6/24/2022  EUR    73.250
Societe Generale Eff   9.500   7/22/2022  EUR    73.960
APRI Fly Planing OOO  13.000   09/02/2025 RUB    63.200
Bank Vontobel AG       7.754   5/24/2023  EUR    68.600
DZ Bank AG Deutsche    3.000  12/23/2022  EUR    47.940
DZ Bank AG Deutsche    7.000  12/23/2022  EUR    38.230
Bank Vontobel AG      21.502   05/12/2022 CHF    34.000
Leonteq Securities A  10.000   08/12/2022 CHF    67.750
Leonteq Securities A  10.000   08/12/2022 CHF    59.040
Leonteq Securities A  12.400   05/12/2022 CHF    49.680
Vontobel Financial P   9.750   9/23/2022  EUR    73.520
Landesbank Baden-Wue   4.550   5/27/2022  EUR    47.580
Landesbank Baden-Wue   3.500   5/27/2022  EUR    65.600
Leonteq Securities A  10.000   1/18/2023  USD    42.260
Landesbank Baden-Wue   3.550   6/24/2022  EUR    68.220
Landesbank Baden-Wue   2.050   6/24/2022  EUR    68.830
Raiffeisen Centroban  10.429   3/22/2023  EUR    59.670
Raiffeisen Centroban   7.648   3/22/2023  EUR    56.900
Leonteq Securities A  14.200   09/01/2022 CHF    58.960
Goldman Sachs & Co W  17.000   6/22/2022  EUR    75.350
DZ Bank AG Deutsche    9.270   6/24/2022  EUR    45.270
Leonteq Securities A  21.600  10/18/2022  CHF    38.680
Sberbank of Russia P   0.010   5/25/2026  RUB    70.400
Bank Julius Baer & C   8.800   5/19/2022  EUR    64.750
DZ Bank AG Deutsche   10.750   9/21/2022  EUR    61.240
Societe Generale Eff  16.250   8/26/2022  EUR    74.610
BNP Paribas Emission   6.150   6/23/2022  EUR    71.300
Societe Generale Eff  13.750   5/27/2022  EUR    34.690
DZ Bank AG Deutsche    5.700   6/20/2022  EUR    74.010
DZ Bank AG Deutsche    5.000   9/19/2022  EUR    75.050
Raiffeisen Schweiz G   7.000   03/10/2023 CHF    66.850
Raiffeisen Switzerla  12.500   9/13/2022  CHF    71.090
DZ Bank AG Deutsche   15.750   9/21/2022  EUR    57.970
DZ Bank AG Deutsche    5.750   6/22/2022  EUR    73.180
Bank Julius Baer & C  13.500   9/14/2022  CHF    31.600
DZ Bank AG Deutsche    5.250   6/22/2022  EUR    73.160
DZ Bank AG Deutsche    5.250   9/21/2022  EUR    68.360
Bank Julius Baer & C   6.000   9/14/2022  CHF    57.050
Bank Julius Baer & C   5.350   9/14/2022  CHF    79.100
Leonteq Securities A  24.040   9/14/2022  CHF    68.930
Leonteq Securities A  20.410   9/14/2022  CHF    25.780
Vontobel Financial P  16.500   9/23/2022  EUR    74.030
Vontobel Financial P  15.000   9/23/2022  EUR    75.030
Goldman Sachs & Co W   7.000  12/21/2022  EUR    76.660
Credit Suisse AG/Lon  10.000   5/30/2022  CHF    31.800
BNP Paribas Issuance   3.300   5/23/2022  EUR    44.500
Raiffeisen Schweiz G  16.200   9/14/2022  CHF    42.040
Raiffeisen Switzerla  10.000   03/10/2023 EUR    33.540
Bank Vontobel AG      16.000   05/12/2022 CHF    24.400
BNP Paribas Emission   8.000   9/22/2022  EUR    66.050
Corner Banca SA        8.000   9/26/2022  CHF    83.290
DZ Bank AG Deutsche    8.250   6/22/2022  EUR    59.270
DZ Bank AG Deutsche    7.250   6/22/2022  EUR    59.560
DZ Bank AG Deutsche    6.500   6/22/2022  EUR    59.190
DZ Bank AG Deutsche    6.500   6/22/2022  EUR    60.430
DZ Bank AG Deutsche    5.500   6/22/2022  EUR    64.050
Sberbank of Russia P   0.010   3/25/2026  RUB    55.400
Vontobel Financial P  17.750   3/29/2023  EUR    70.760
UniCredit Bank AG      9.900  10/20/2022  EUR    63.100
Credit Suisse AG/Lon   6.900   3/20/2023  USD     1.440
EFG International Fi  10.000   9/26/2022  CHF    65.980
UBS AG/London          9.750   9/26/2022  CHF    60.450
Sberbank of Russia P   0.010   3/25/2026  RUB    67.800
Sberbank of Russia P   0.010   3/27/2028  RUB    55.800
BNP Paribas Emission   6.000   9/22/2022  EUR    71.150
Leonteq Securities A  10.000   6/29/2022  CHF    57.900
Corner Banca SA       14.000   9/26/2022  USD    43.520
DZ Bank AG Deutsche    7.000   6/22/2022  EUR    65.200
DZ Bank AG Deutsche    9.500   6/22/2022  EUR    70.520
DZ Bank AG Deutsche    8.000   6/22/2022  EUR    56.260
DZ Bank AG Deutsche    7.750   6/22/2022  EUR    57.370
Landesbank Baden-Wue   8.900  10/28/2022  EUR    75.820
UBS AG/London         10.000   3/23/2026  USD    44.290
Bank Julius Baer & C   9.450   12/01/2022 EUR    72.650
Credit Suisse AG/Lon   8.500   06/08/2022 CHF    51.690
Credit Suisse AG/Lon  12.000   05/09/2022 USD    35.520
EFG International Fi   6.500   3/24/2023  USD    61.400
Landesbank Baden-Wue   4.000   6/27/2025  EUR    76.680
EFG International Fi  15.000   9/26/2022  CHF    50.380
UBS AG/London         12.750   9/26/2022  CHF    68.100
UBS AG/London         12.250   9/26/2022  EUR    79.450
UBS AG/London         26.250   9/26/2022  USD    38.950
Bank Julius Baer & C   5.750   6/27/2022  EUR    68.050
Vontobel Financial P  15.350   3/29/2023  EUR    70.400
Vontobel Financial P  13.950   05/05/2022 CHF    28.660
Leonteq Securities A  10.000   4/26/2022  EUR    72.670
Societe Generale Eff   5.000   5/27/2022  EUR    57.300
Societe Generale SA   24.000   11/08/2024 USD    66.750
Bank Julius Baer & C  17.200   02/06/2023 USD    53.900
Sberbank of Russia P   0.010  10/23/2026  RUB    67.100
Zurcher Kantonalbank  10.000   02/03/2023 CHF    63.890
Sberbank of Russia P   0.010  10/23/2026  RUB    66.600
DZ Bank AG Deutsche   10.000   6/22/2022  EUR    59.540
Landesbank Baden-Wue   4.050  10/28/2022  EUR    75.800
Landesbank Baden-Wue   7.400  10/28/2022  EUR    66.110
Landesbank Baden-Wue   7.850  10/28/2022  EUR    42.990
Landesbank Baden-Wue   5.750  10/28/2022  EUR    39.040
Landesbank Baden-Wue   6.850  10/28/2022  EUR    73.640
Landesbank Baden-Wue   2.700  10/28/2022  EUR    73.730
Vontobel Financial P  16.700   05/06/2022 USD    56.560
Leonteq Securities A  24.000   11/04/2022 CHF    43.650
Leonteq Securities A  27.000   11/04/2022 CHF    62.560
Leonteq Securities A  15.200   4/29/2022  CHF    62.350
Bank Vontobel AG      16.500   01/03/2023 EUR    42.700
Bank Vontobel AG       8.500   11/03/2023 CHF    49.700
Bank Vontobel AG       8.000   02/06/2023 EUR    70.400
Vontobel Financial P  14.750   1/30/2023  EUR    69.930
Vontobel Financial P   5.500  12/23/2022  EUR    71.640
Vontobel Financial P   8.500  12/23/2022  EUR    68.930
Vontobel Financial P  13.000  12/23/2022  EUR    38.120
Vontobel Financial P  10.750  12/23/2022  EUR    57.090
Vontobel Financial P  13.000  12/23/2022  EUR    69.780
Vontobel Financial P  15.500  12/23/2022  EUR    38.720
Vontobel Financial P  18.500  12/23/2022  EUR    58.150
Societe Generale Eff   5.750   8/26/2022  EUR    72.430
Leonteq Securities A  22.820  11/25/2022  CHF    37.780
Leonteq Securities A  10.000  11/25/2022  CHF    37.440
Landesbank Baden-Wue   2.850   5/26/2023  EUR    67.350
Landesbank Baden-Wue   3.000   5/26/2023  EUR    75.140
Landesbank Baden-Wue   2.200   6/23/2023  EUR    77.830
Landesbank Baden-Wue   5.850   5/26/2023  EUR    75.170
Landesbank Baden-Wue   6.200   5/26/2023  EUR    45.510
Vontobel Financial P  17.750  12/23/2022  EUR    41.240
Societe Generale Eff   5.500  11/25/2022  EUR    72.980
Societe Generale Eff   6.500  11/25/2022  EUR    71.300
Societe Generale Eff   8.500  11/25/2022  EUR    68.900
Societe Generale Eff  10.750   6/24/2022  EUR    65.590
Societe Generale Eff   4.750  11/25/2022  EUR    47.230
Societe Generale Eff   8.750  11/25/2022  EUR    74.150
Societe Generale Eff   4.750  11/25/2022  EUR    76.410
Societe Generale Eff   6.750  11/25/2022  EUR    71.730
Societe Generale Eff   8.750  11/25/2022  EUR    68.630
Societe Generale Eff  10.750  11/25/2022  EUR    66.410
Societe Generale Eff   7.000  11/25/2022  EUR    76.700
Societe Generale Eff  10.000  11/25/2022  EUR    72.520
Societe Generale Eff  12.000  11/25/2022  EUR    70.370
Vontobel Financial P   8.500  12/23/2022  EUR    51.350
Raiffeisen Switzerla  11.750   10/06/2022 CHF    70.380
UBS AG/London          6.500   3/31/2023  USD    46.200
UBS AG/London         10.250   9/30/2022  CHF    70.200
UBS AG/London          9.500   9/30/2022  CHF    59.450
Vontobel Financial P  20.000   9/23/2022  EUR    66.790
Vontobel Financial P  23.000   9/23/2022  EUR    65.020
Vontobel Financial P  17.500   9/23/2022  EUR    69.080
DZ Bank AG Deutsche    9.500  12/21/2022  EUR    66.330
DZ Bank AG Deutsche    5.250  12/21/2022  EUR    75.320
DZ Bank AG Deutsche    9.250  10/26/2022  EUR    73.990
DZ Bank AG Deutsche    5.500  12/21/2022  EUR    75.430
DZ Bank AG Deutsche    6.000  12/21/2022  EUR    72.390
DZ Bank AG Deutsche    7.750  12/21/2022  EUR    73.530
DZ Bank AG Deutsche   11.500  12/21/2022  EUR    65.890
Societe Generale Eff  13.000   7/22/2022  EUR    71.940
Societe Generale Eff  12.250   8/26/2022  EUR    72.680
Societe Generale Eff   7.750   9/23/2022  EUR    42.190
Leonteq Securities A  29.500   9/27/2022  CHF    48.470
Vontobel Financial P  14.500   9/23/2022  EUR    71.510
Vontobel Financial P  12.000   9/23/2022  EUR    74.500
Vontobel Financial P  22.000   9/23/2022  EUR    58.110
Sberbank of Russia P   0.010   9/24/2026  RUB    62.900
Leonteq Securities A   8.000   9/27/2023  CHF    70.780
Leonteq Securities A  11.000  12/27/2022  CHF    70.250
Vontobel Financial P  20.500   9/23/2022  EUR    56.750
Vontobel Financial P  18.000   9/23/2022  EUR    58.510
Vontobel Financial P   8.500   9/23/2022  EUR    56.420
Leonteq Securities A  20.000   9/27/2022  USD    45.080
Vontobel Financial P   8.000   9/23/2022  EUR    74.370
Bank Julius Baer & C  16.000   9/23/2022  CHF    29.750
Leonteq Securities A  12.000  12/28/2022  CHF    68.410
Leonteq Securities A  14.000  12/27/2022  CHF    36.470
Vontobel Financial P  15.500   9/23/2022  EUR    60.530
Vontobel Financial P  11.500   9/23/2022  EUR    66.090
Vontobel Financial P  13.500   9/23/2022  EUR    63.130
Vontobel Financial P  10.500   9/23/2022  EUR    54.410
Vontobel Financial P  15.500   9/23/2022  EUR    51.640
Leonteq Securities A  12.000  12/28/2022  USD    42.360
Vontobel Financial P  11.000   9/23/2022  EUR    67.170
Leonteq Securities A  10.000   3/24/2023  USD    52.580
SG Issuer SA           7.740   7/20/2025  SEK    57.290
Danske Bank A/S        5.300   7/15/2023  SEK    40.830
Leonteq Securities A   4.000   08/10/2022 CHF    59.160
Landesbank Baden-Wue   3.150   3/24/2023  EUR    70.510
Raiffeisen Centroban   7.644   9/21/2022  EUR    71.720
Raiffeisen Centroban   8.918   9/21/2022  EUR    68.320
Leonteq Securities A  17.600   06/08/2022 USD    28.300
Landesbank Baden-Wue   6.000   3/24/2023  EUR    71.910
Bank Vontobel AG      10.506   8/19/2022  EUR    62.600
Bank Vontobel AG       7.756   8/19/2022  CHF    58.000
Bank Vontobel AG      12.008   8/19/2022  CHF    33.900
Corner Banca SA       11.000   5/19/2022  CHF    71.610
Leonteq Securities A  15.000   5/19/2022  CHF    26.300
Leonteq Securities A  12.400   8/19/2022  EUR    69.050
Leonteq Securities A  11.400   5/19/2022  CHF    58.000
Leonteq Securities A  16.000   5/19/2022  CHF    59.080
Raiffeisen Centroban  10.192   9/21/2022  EUR    65.800
Goldman Sachs & Co W   7.000   6/22/2022  EUR    69.800
Goldman Sachs & Co W   7.000   7/20/2022  EUR    70.340
Goldman Sachs & Co W   7.000   3/22/2023  EUR    73.230
Bank Vontobel AG      10.000   01/10/2023 EUR    60.500
BrokerCreditService    8.000   1/30/2024  USD    62.170
Sberbank of Russia P   0.010   11/05/2025 RUB    68.400
Societe Generale Eff   4.750   6/24/2022  EUR    44.320
Leonteq Securities A  10.000   02/06/2023 CHF    35.570
Vontobel Financial P   8.750   9/23/2022  EUR    41.930
Leonteq Securities A  13.000   08/09/2022 CHF    76.300
Vontobel Financial P  12.000   6/24/2022  EUR    47.580
Vontobel Financial P  13.000   6/24/2022  EUR    50.650
Vontobel Financial P  12.000   6/24/2022  EUR    41.930
Zurcher Kantonalbank   6.500   8/16/2022  CHF    69.180
Bank Vontobel AG      10.000   08/08/2022 CHF    26.400
Bank Vontobel AG       9.500   02/06/2023 CHF    65.400
Bank Vontobel AG      11.000   02/06/2023 EUR    34.400
Bank Vontobel AG       8.500   02/06/2023 EUR    75.900
Vontobel Financial P  20.000   6/24/2022  EUR    65.940
Vontobel Financial P  14.500   6/24/2022  EUR    38.670
Leonteq Securities A  22.130   07/08/2022 CHF    25.520
VTB Bank PJSC          0.010   11/03/2023 RUB    66.010
Corner Banca SA       11.200   10/12/2022 EUR    44.580
Corner Banca SA       10.000   10/12/2022 CHF    32.940
Goldman Sachs & Co W   6.000   6/21/2023  EUR    75.740
Goldman Sachs & Co W   6.000   6/21/2023  EUR    68.440
UniCredit Bank AG      4.400   04/12/2023 EUR    58.750
DZ Bank AG Deutsche    5.000  12/23/2022  EUR    45.670
UniCredit Bank AG      5.150   4/24/2023  EUR    60.890
Vontobel Financial P   9.250   6/24/2022  EUR    40.040
Societe Generale Eff   3.500   5/27/2022  EUR    49.290
Leonteq Securities A   8.000   01/12/2023 CHF    62.450
Leonteq Securities A  10.000   07/12/2022 CHF    57.330
Leonteq Securities A  10.000   01/12/2023 CHF    73.740
Leonteq Securities A  10.000   10/12/2022 CHF    56.250
Leonteq Securities A  10.000   07/06/2022 EUR    28.130
UniCredit Bank AG      3.600   09/02/2024 EUR    41.520
Leonteq Securities A  12.000   01/12/2023 CHF    34.550
Goldman Sachs & Co W   7.000   9/21/2022  EUR    71.480
Goldman Sachs & Co W   7.000  12/21/2022  EUR    69.830
Goldman Sachs & Co W   7.000  12/21/2022  EUR    69.790
Goldman Sachs & Co W   6.000  12/21/2022  EUR    72.510
Vontobel Financial P  14.000   6/24/2022  EUR    71.900
Goldman Sachs & Co W   5.000   9/21/2022  EUR    72.320
Sberbank of Russia P   0.010   11/06/2025 RUB    64.700
Corner Banca SA       14.000   05/09/2022 CHF    32.360
Leonteq Securities A  11.200   02/06/2023 CHF    43.680
Leonteq Securities A  18.000   08/09/2022 USD    40.140
Leonteq Securities A  13.000   02/06/2023 USD    50.740
Leonteq Securities A  10.000   02/06/2023 CHF    49.640
Leonteq Securities A   8.000   02/06/2023 USD    71.410
Zurcher Kantonalbank   6.000   2/13/2023  CHF    71.980
Vontobel Financial P  12.500   9/23/2022  EUR    67.780
Vontobel Financial P  13.500   9/23/2022  EUR    51.950
Vontobel Financial P  16.000   6/24/2022  EUR    48.710
Vontobel Financial P  13.000   9/23/2022  EUR    42.810
Vontobel Financial P  16.000   6/24/2022  EUR    39.810
Bank Julius Baer & C  17.000   05/09/2022 CHF    59.900
Leonteq Securities A  10.000   01/09/2023 EUR    76.260
UniCredit Bank AG      6.750   08/03/2022 EUR    79.550
Goldman Sachs & Co W   7.000   5/25/2022  EUR    71.260
Goldman Sachs & Co W   7.000   6/21/2023  EUR    72.020
Vontobel Financial P   6.250   6/24/2022  EUR    71.740
Goldman Sachs & Co W   7.000   7/20/2022  EUR    76.310
BrokerCreditService    3.500   4/30/2024  USD    53.000
Goldman Sachs & Co W   8.000   7/20/2022  EUR    67.160
Bank Vontobel AG       8.000   01/10/2023 CHF    64.900
Bank Vontobel AG       8.000   01/10/2023 CHF    64.900
Leonteq Securities A  22.810   08/09/2022 CHF    32.060
Goldman Sachs & Co W   7.000   8/24/2022  EUR    72.920
Goldman Sachs & Co W   7.000   5/25/2022  EUR    75.270
Goldman Sachs & Co W   7.000   6/22/2022  EUR    75.810
Goldman Sachs & Co W   7.000   6/21/2023  EUR    75.020
Bank Vontobel AG      11.000   01/10/2023 CHF    71.300
Vontobel Financial P  16.500   6/24/2022  EUR    52.690
Goldman Sachs & Co W   6.000   3/22/2023  EUR    75.620
Goldman Sachs & Co W   7.000   9/21/2022  EUR    77.410
Goldman Sachs & Co W   7.000   3/22/2023  EUR    75.610
Goldman Sachs & Co W   8.000   8/24/2022  EUR    69.810
Goldman Sachs & Co W   8.000   6/21/2023  EUR    70.280
Sberbank of Russia P   0.010   11/05/2025 RUB    64.700
Leonteq Securities A  10.000   07/06/2022 EUR    42.350
Skandinaviska Enskil   6.800   1/15/2024  SEK    75.320
Leonteq Securities A   9.000   01/12/2023 USD    47.770
Vontobel Financial P  13.000   6/24/2022  EUR    70.770
Vontobel Financial P  13.500   6/24/2022  EUR    77.540
Vontobel Financial P  15.500   6/24/2022  EUR    75.440
Vontobel Financial P  13.000   6/24/2022  EUR    39.800
Vontobel Financial P  17.500   6/24/2022  EUR    68.790
Vontobel Financial P   8.000   6/24/2022  EUR    43.820
Vontobel Financial P   9.500   6/24/2022  EUR    42.320
EFG International Fi   8.700   7/13/2023  EUR    38.690
Vontobel Financial P  12.250   6/24/2022  EUR    75.030
Citigroup Global Mar   8.200   3/21/2024  SEK    66.560
Sberbank of Russia P   0.010  11/20/2025  RUB    68.400
Mostotrest PJSC        0.010   7/29/2026  RUB    49.400
UBS AG/London         13.500   5/18/2022  CHF    24.420
UBS AG/London         12.250  11/18/2022  EUR    35.150
UBS AG/London         12.750   5/18/2022  CHF    64.500
Landesbank Baden-Wue   2.200   1/27/2023  EUR    29.510
DekaBank Deutsche Gi   3.250   08/11/2023 EUR    71.770
DekaBank Deutsche Gi   2.800  10/20/2023  EUR    52.740
EFG International Fi   4.670  11/23/2022  EUR    71.500
Zurcher Kantonalbank  10.750   7/15/2022  EUR    41.890
Leonteq Securities A  10.000   07/12/2023 CHF    61.990
Vontobel Financial P  16.500   6/24/2022  EUR    67.720
Vontobel Financial P  11.500   6/24/2022  EUR    79.810
Landesbank Baden-Wue   2.500   6/24/2022  EUR    65.170
Bank Julius Baer & C   7.950   10/11/2022 EUR    73.600
EFG International Fi   9.430   7/19/2022  USD    50.870
EFG International Fi  10.210   7/19/2022  USD    44.930
Vontobel Financial P  14.500   6/24/2022  EUR    69.160
Vontobel Financial P  12.500   6/24/2022  EUR    75.370
Vontobel Financial P  10.500   6/24/2022  EUR    79.070
Vontobel Financial P  15.000   6/24/2022  EUR    71.940
Vontobel Financial P  11.000   6/24/2022  EUR    40.960
Zurcher Kantonalbank   4.750   7/15/2022  CHF    64.550
Landesbank Baden-Wue   3.100   3/24/2023  EUR    77.700
Vontobel Financial P  16.450   03/03/2023 EUR    65.460
DekaBank Deutsche Gi   3.250  11/25/2022  EUR    54.290
Leonteq Securities A  16.400   06/02/2022 CHF    28.100
Landesbank Baden-Wue   4.550   3/24/2023  EUR    76.130
DekaBank Deutsche Gi   3.200   9/23/2022  EUR    65.950
DekaBank Deutsche Gi   3.500   7/22/2022  EUR    68.420
SG Issuer SA           8.700   1/20/2025  SEK    49.190
Nordea Bank Abp        9.000   1/20/2025  SEK    72.900
DekaBank Deutsche Gi   3.900   4/25/2022  EUR    37.640
Landesbank Baden-Wue   2.650   6/24/2022  EUR    73.810
Societe Generale Eff   6.100   04/03/2023 EUR    64.470
Societe Generale Eff   7.550   8/23/2024  EUR    57.020
Landesbank Baden-Wue   3.000   5/26/2023  EUR    65.290
Nordea Bank Abp        6.063   7/20/2024  SEK    68.480
Nordea Bank Abp        7.150   7/20/2024  SEK    70.370
UBS AG/London         13.250   4/29/2022  CHF    53.750
DekaBank Deutsche Gi   3.300   08/12/2022 EUR    79.560
Bank Otkritie Financ   0.010   2/26/2023  RUB    84.880
Leonteq Securities A   7.600   03/09/2023 EUR    70.120
UniCredit Bank AG      3.450   04/02/2024 EUR    62.160
Sberbank of Russia P   0.010   03/11/2025 RUB    74.400
Leonteq Securities A  16.000   06/01/2022 USD    23.390
Leonteq Securities A  11.000  11/28/2022  EUR    72.380
Leonteq Securities A  10.000   12/01/2022 USD    42.790
Leonteq Securities A  10.000   12/01/2022 CHF    79.870
Corner Banca SA       15.000   8/31/2022  EUR    37.490
Leonteq Securities A  15.000   8/31/2022  CHF    64.450
Luzerner Kantonalban   7.500   6/15/2022  CHF    59.420
Leonteq Securities A  11.000   06/01/2022 CHF    54.760
Bank Julius Baer & C   9.000   09/01/2022 CHF    72.200
Bank Julius Baer & C   7.250   06/02/2022 CHF    61.550
Zurcher Kantonalbank  10.000   06/08/2022 USD    35.250
Vontobel Financial P   7.500   6/24/2022  EUR    72.710
Vontobel Financial P  11.500   6/24/2022  EUR    72.390
UniCredit Bank AG     12.000   6/16/2022  EUR    31.100
Societe Generale Eff  11.250   6/24/2022  EUR    36.420
Societe Generale Eff  13.250   6/24/2022  EUR    34.110
Societe Generale Eff  15.250   6/24/2022  EUR    32.400
Vontobel Financial P  18.750   6/24/2022  EUR    19.830
Vontobel Financial P   6.750   6/24/2022  EUR    63.330
Vontobel Financial P  18.250   6/24/2022  EUR    59.200
Vontobel Financial P  14.750   6/24/2022  EUR    61.720
Vontobel Financial P   7.000   6/24/2022  EUR    76.730
Vontobel Financial P  14.250   6/24/2022  EUR    57.840
Vontobel Financial P   9.000   6/24/2022  EUR    71.960
Vontobel Financial P   5.500   6/24/2022  EUR    70.150
Vontobel Financial P   9.000   6/24/2022  EUR    69.060
Societe Generale Eff   5.250   6/24/2022  EUR    75.770
Societe Generale Eff   7.250   6/24/2022  EUR    69.600
Societe Generale Eff   9.250   6/24/2022  EUR    65.110
Societe Generale Eff  11.250   6/24/2022  EUR    61.610
Societe Generale Eff  10.000   6/24/2022  EUR    72.360
Societe Generale Eff  11.000   6/24/2022  EUR    70.540
Societe Generale Eff  12.000   6/24/2022  EUR    68.860
Societe Generale Eff   8.500   6/24/2022  EUR    74.650
Societe Generale Eff  10.500   6/24/2022  EUR    70.750
Societe Generale Eff   8.000   6/24/2022  EUR    76.510
Societe Generale Eff   9.000   6/24/2022  EUR    74.390
Vontobel Financial P  17.000   6/24/2022  EUR    49.950
Vontobel Financial P  14.500   6/24/2022  EUR    18.670
Societe Generale Eff   5.250   6/24/2022  EUR    49.470
Societe Generale Eff   7.250   6/24/2022  EUR    43.320
Societe Generale Eff   9.250   6/24/2022  EUR    39.260
Societe Generale Eff   8.250   6/24/2022  EUR    71.980
Societe Generale Eff  10.250   6/24/2022  EUR    67.770
Societe Generale Eff  12.250   6/24/2022  EUR    64.390
Societe Generale Eff  14.250   6/24/2022  EUR    61.590
Societe Generale Eff   5.500   6/24/2022  EUR    73.210
Societe Generale Eff   6.500   6/24/2022  EUR    70.490
Societe Generale Eff   7.500   6/24/2022  EUR    68.160
Societe Generale Eff   8.500   6/24/2022  EUR    66.150
Societe Generale Eff  10.000   6/24/2022  EUR    74.520
Landesbank Baden-Wue   4.100   6/27/2025  EUR    76.060
DZ Bank AG Deutsche    5.500   6/22/2022  EUR    74.890
DZ Bank AG Deutsche    6.500   9/21/2022  EUR    72.740
Leonteq Securities A   7.400   12/01/2023 USD    72.910
Bank Julius Baer & C  10.000   06/02/2022 CHF    42.450
DZ Bank AG Deutsche   10.250   6/22/2022  EUR    70.790
DZ Bank AG Deutsche   11.000   6/22/2022  EUR    70.120
DZ Bank AG Deutsche    6.000   6/22/2022  EUR    69.120
DZ Bank AG Deutsche    5.000   9/21/2022  EUR    70.250
Leasing-Trade OOO     11.000   4/30/2026  RUB    57.600
Raiffeisen Centroban   7.500   07/07/2023 EUR    50.270
Zurcher Kantonalbank  12.500   12/02/2022 EUR    74.480
Vontobel Financial P  23.950   06/03/2022 EUR    14.880
Vontobel Financial P  26.800   06/03/2022 EUR    32.750
Vontobel Financial P  15.500   06/02/2022 EUR    70.610
Societe Generale SA    8.510   06/06/2024 USD    74.710
Landesbank Baden-Wue   3.300  11/25/2022  EUR    72.180
Landesbank Baden-Wue   4.000  11/25/2022  EUR    70.050
Landesbank Baden-Wue   5.500  11/25/2022  EUR    66.470
Landesbank Baden-Wue   5.100  11/25/2022  EUR    46.660
Landesbank Baden-Wue   7.900  11/25/2022  EUR    42.160
Landesbank Baden-Wue   2.000  11/25/2022  EUR    72.640
Landesbank Baden-Wue   3.800  11/25/2022  EUR    67.200
Landesbank Baden-Wue   6.700  11/25/2022  EUR    73.810
Landesbank Baden-Wue   6.300  11/25/2022  EUR    78.030
Landesbank Baden-Wue   3.800  11/25/2022  EUR    69.850
DZ Bank AG Deutsche   15.500   6/24/2022  EUR    71.340
Landesbank Baden-Wue   5.750  11/25/2022  EUR    73.680
Landesbank Baden-Wue   7.850  11/25/2022  EUR    69.500
Landesbank Baden-Wue   2.000  11/25/2022  EUR    61.100
Landesbank Baden-Wue   5.350  11/25/2022  EUR    49.880
Landesbank Baden-Wue   8.500  11/25/2022  EUR    44.520
Landesbank Baden-Wue   4.350  11/25/2022  EUR    51.850
Landesbank Baden-Wue   5.400  11/25/2022  EUR    49.750
Landesbank Baden-Wue   6.600  11/25/2022  EUR    48.110
Landesbank Baden-Wue   5.900  11/25/2022  EUR    59.670
DekaBank Deutsche Gi   3.050   7/22/2022  EUR    64.550
UniCredit Bank AG      4.100   08/02/2023 EUR    76.300
Skandinaviska Enskil   7.800   7/15/2024  SEK    72.610
Vontobel Financial P  17.000   6/24/2022  EUR    64.820
Vontobel Financial P  12.500   6/24/2022  EUR    70.280
UniCredit Bank AG      7.300   6/14/2024  EUR    58.930
UniCredit Bank AG      7.200   6/14/2024  EUR    74.870
Vontobel Financial P  19.500   6/24/2022  EUR    63.350
Vontobel Financial P  22.500   6/24/2022  EUR    59.230
Bank Vontobel AG      15.010   08/08/2022 USD    51.400
Bank Vontobel AG      14.257   08/08/2022 CHF    50.500
Societe Generale SA    6.820   5/18/2026  USD    66.900
DZ Bank AG Deutsche   14.800   6/24/2022  EUR    74.830
DZ Bank AG Deutsche   15.200   9/23/2022  EUR    73.500
DZ Bank AG Deutsche    8.500   6/22/2022  EUR    58.450
DZ Bank AG Deutsche    5.500   9/23/2022  EUR    75.740
DZ Bank AG Deutsche    7.100   9/23/2022  EUR    71.590
DZ Bank AG Deutsche    9.100   9/23/2022  EUR    68.130
DZ Bank AG Deutsche   11.200   9/23/2022  EUR    65.190
DZ Bank AG Deutsche   20.400   5/27/2022  EUR    66.310
DZ Bank AG Deutsche   12.000   6/24/2022  EUR    74.480
DZ Bank AG Deutsche    9.100   6/24/2022  EUR    72.110
DZ Bank AG Deutsche    8.300   9/23/2022  EUR    73.870
DZ Bank AG Deutsche   10.800   9/23/2022  EUR    70.350
DZ Bank AG Deutsche   15.000   6/24/2022  EUR    73.420
DZ Bank AG Deutsche   16.500   6/24/2022  EUR    73.620
DZ Bank AG Deutsche   14.500   9/23/2022  EUR    73.090
DZ Bank AG Deutsche   18.800   5/27/2022  EUR    63.570
DZ Bank AG Deutsche   21.200   6/24/2022  EUR    59.210
DZ Bank AG Deutsche   19.000   9/23/2022  EUR    62.890
DZ Bank AG Deutsche    8.700   9/23/2022  EUR    75.420
DZ Bank AG Deutsche   11.700   9/23/2022  EUR    70.390
DZ Bank AG Deutsche    6.250   6/20/2022  EUR    74.890
DZ Bank AG Deutsche    9.500   6/20/2022  EUR    71.700
EFG International Fi  15.000  11/14/2022  EUR    73.800
EFG International Fi  22.000   05/12/2022 CHF    59.390
EFG International Fi  14.000   05/12/2022 USD    45.830
Credit Suisse AG/Lon   8.000   08/12/2022 CHF    79.590
UBS AG/London         14.750  11/14/2022  CHF    40.950
UBS AG/London         10.500  11/14/2022  CHF    38.600
UBS AG/London         11.250  11/14/2022  CHF    62.800
UBS AG/London          5.500   05/12/2023 EUR    74.900
UBS AG/London         11.750  11/14/2022  CHF    39.800
Corner Banca SA       15.000  11/21/2022  USD    61.140
Leonteq Securities A  13.000  11/21/2022  USD    35.740
Leonteq Securities A   9.000  11/21/2022  CHF    54.590
Basler Kantonalbank   11.000   05/12/2022 CHF    68.000
Bank Julius Baer & C   8.550   5/13/2022  USD    39.500
Bank Julius Baer & C   6.000   5/13/2022  EUR    70.850
Leonteq Securities A   9.450   5/13/2022  USD    18.200
Leonteq Securities A  28.960   5/17/2022  CHF    55.070
Leonteq Securities A  10.000  11/14/2022  CHF    73.700
Vontobel Financial P  18.500   6/24/2022  EUR    64.900
Vontobel Financial P  16.500   6/24/2022  EUR    71.820
Vontobel Financial P  10.500   6/24/2022  EUR    74.340
Vontobel Financial P  12.500   6/24/2022  EUR    71.270
Vontobel Financial P  14.500   6/24/2022  EUR    68.480
Vontobel Financial P  18.500   6/24/2022  EUR    63.650
Vontobel Financial P  16.500   6/24/2022  EUR    65.950
Vontobel Financial P  11.000   6/24/2022  EUR    69.260
Vontobel Financial P   8.000   6/24/2022  EUR    73.770
Vontobel Financial P   9.500   6/24/2022  EUR    71.430
Vontobel Financial P  12.500   6/24/2022  EUR    67.250
Vontobel Financial P  14.000   6/24/2022  EUR    65.390
Vontobel Financial P  15.500   6/24/2022  EUR    63.660
Vontobel Financial P  17.000   6/24/2022  EUR    62.040
Vontobel Financial P   7.500   6/24/2022  EUR    69.300
Vontobel Financial P   8.000   6/24/2022  EUR    65.030
Vontobel Financial P   9.000   6/24/2022  EUR    66.190
Vontobel Financial P  16.000   6/24/2022  EUR    54.650
Credit Suisse AG/Lon  10.000   5/13/2022  USD    46.640
Vontobel Financial P  18.500   6/24/2022  EUR    77.310
Vontobel Financial P  13.500   6/24/2022  EUR    46.600
Vontobel Financial P  17.500   6/24/2022  EUR    42.800
Corner Banca SA       11.000  11/17/2022  EUR    61.200
Leonteq Securities A   9.000  11/17/2022  CHF    70.500
Leonteq Securities A  18.000   5/17/2022  USD    38.790
Leonteq Securities A  13.200   5/13/2022  USD    38.660
Leonteq Securities A   9.000   8/17/2022  CHF    70.780
Leonteq Securities A  10.000   8/17/2022  CHF    48.700
Vontobel Financial P  11.300   5/17/2022  USD    35.130
Vontobel Financial P  15.350   5/17/2022  USD    66.960
Bank Vontobel AG      11.008  11/14/2022  CHF    75.500
Vontobel Financial P   5.500   6/24/2022  EUR    64.920
Vontobel Financial P   8.750   6/24/2022  EUR    60.690
Vontobel Financial P   5.250   6/24/2022  EUR    74.810
Vontobel Financial P  11.750   6/24/2022  EUR    48.350
Vontobel Financial P  14.750   6/24/2022  EUR    66.180
Vontobel Financial P  11.750   6/24/2022  EUR    70.520
Vontobel Financial P  12.000   6/24/2022  EUR    60.310
Vontobel Financial P  14.250   6/24/2022  EUR    66.630
Leonteq Securities A  20.000   8/16/2022  CHF    68.750
Zurcher Kantonalbank  17.500   8/22/2022  CHF    61.290
Landesbank Baden-Wue   2.750  11/25/2022  EUR    54.310
Landesbank Baden-Wue   5.000  11/25/2022  EUR    75.720
Landesbank Baden-Wue   3.200  11/25/2022  EUR    37.930
Landesbank Baden-Wue   5.100  11/25/2022  EUR    34.260
Vontobel Financial P  14.500   6/24/2022  EUR    64.650
Vontobel Financial P   9.500   9/23/2022  EUR    61.890
UBS AG/London         10.000   06/02/2022 CHF    65.050
UBS AG/London          8.250   12/02/2022 CHF    62.400
Luzerner Kantonalban   7.600   8/16/2022  CHF    65.830
EFG International Fi  10.000   06/02/2022 CHF    46.540
Sberbank of Russia P   0.010   12/05/2025 RUB    64.600
Sberbank of Russia P   0.010   12/08/2025 RUB    65.400
SG Issuer SA           1.050  11/20/2025  EUR    15.550
Leonteq Securities A  12.000   06/08/2022 CHF    34.670
Leonteq Securities A  10.000   06/08/2022 EUR    64.610
Leonteq Securities A  11.000   06/07/2022 CHF    55.430
Nordea Bank Abp        2.000  12/29/2025  SEK    72.320
Vontobel Financial P  12.800   06/08/2022 USD    51.870
Raiffeisen Switzerla   7.500   06/07/2022 CHF    60.620
UniCredit Bank AG      5.800   01/12/2024 EUR    52.740
Vontobel Financial P   7.150   12/09/2022 CHF    67.110
UBS AG/London          7.250   12/09/2022 CHF    62.500
UBS AG/London         16.000   06/09/2022 USD    61.400
UBS AG/London         10.500   06/09/2022 CHF    34.950
UBS AG/London         12.250   06/09/2022 CHF    34.700
EFG International Fi  11.000   06/10/2022 USD    39.080
DekaBank Deutsche Gi   2.900   1/13/2023  EUR    43.650
DekaBank Deutsche Gi   2.000   01/12/2024 EUR    74.780
DekaBank Deutsche Gi   2.300   1/13/2023  EUR    75.060
Zurcher Kantonalbank   8.000  12/14/2022  CHF    65.770
Bank Vontobel AG       7.504   6/13/2022  CHF    33.400
Bank Vontobel AG       9.006   6/14/2022  CHF    58.900
Bank Vontobel AG      10.253   6/14/2022  EUR    62.400
Skandinaviska Enskil   7.450   1/15/2025  SEK    67.240
Nordea Bank Abp        8.500   1/20/2025  SEK    60.520
Landesbank Baden-Wue   3.150   3/24/2023  EUR    75.750
Sberbank of Russia P   0.010   9/25/2025  RUB    76.000
SG Issuer SA           2.200   01/10/2025 EUR    71.850
UniCredit Bank AG      4.800   05/06/2022 EUR    68.080
EFG International Fi   9.800  12/27/2022  CHF    60.400
Societe Generale SA   27.300  10/20/2025  USD    33.650
Skandinaviska Enskil   6.400   1/15/2025  SEK    65.220
Landesbank Baden-Wue   3.600   6/23/2023  EUR    60.090
Sberbank of Russia P   1.169   12/12/2024 RUB    73.200
Erste Group Bank AG    7.500   1/30/2025  EUR    73.200
Sberbank of Russia P   0.010   09/01/2025 RUB    73.600
UBS AG/London          6.750   5/16/2022  CHF    53.450
Bank Vontobel AG      10.003   9/19/2022  CHF    51.600
UBS AG/London         16.500   9/15/2022  USD    31.100
Zurcher Kantonalbank  10.500  11/18/2022  USD    64.080
Bank Vontobel AG      29.000   1/24/2023  CHF    54.400
UniCredit Bank AG      4.200   06/05/2023 EUR    63.130
Zurcher Kantonalbank   6.300  12/16/2022  CHF    45.200
Leonteq Securities A   6.600   01/09/2023 CHF    57.000
EFG International Fi  15.000   01/09/2023 USD    67.800
EFG International Fi   4.900  10/20/2023  USD    62.910
Skandinaviska Enskil   5.750   1/15/2025  SEK    70.160
EFG International Fi   4.900  10/16/2023  USD    65.570
Sberbank of Russia P   0.010  10/20/2025  RUB    69.100
UBS AG/London          9.250  10/21/2022  CHF    48.350
Sberbank of Russia P   0.010  10/23/2025  RUB    66.000
Sberbank of Russia P   0.010  10/22/2025  RUB    70.800
Sberbank of Russia P   0.010  10/23/2025  RUB    62.000
UniCredit Bank AG      6.600   9/13/2023  EUR    66.640
UBS AG/London         14.500  10/17/2022  USD    26.900
UniCredit Bank AG      4.150   05/08/2023 EUR    57.360
UniCredit Bank AG      4.900   5/22/2023  EUR    67.590
Sberbank of Russia P   3.200   9/24/2025  RUB    73.900
Sberbank of Russia P   0.010   9/17/2025  RUB    68.400
Bayerische Landesban   2.150   1/27/2023  EUR    76.620
Bayerische Landesban   3.500   1/26/2024  EUR    72.230
Bank Vontobel AG       9.501   12/12/2022 CHF    66.700
Bank Vontobel AG       9.750   12/12/2022 CHF    69.800
Landesbank Baden-Wue   7.500   7/22/2022  EUR    70.740
Landesbank Baden-Wue   3.100   7/22/2022  EUR    55.900
Landesbank Baden-Wue   5.850   7/22/2022  EUR    47.850
Landesbank Baden-Wue   3.250   7/22/2022  EUR    76.710
Landesbank Baden-Wue   4.300   7/22/2022  EUR    71.300
DZ Bank AG Deutsche   24.000   6/24/2022  EUR    42.080
DZ Bank AG Deutsche   24.400   6/24/2022  EUR    42.620
DZ Bank AG Deutsche   20.400   6/24/2022  EUR    56.700
Sberbank of Russia P   0.010  12/16/2025  RUB    68.700
Societe Generale Eff   3.000   6/24/2022  EUR    52.590
Societe Generale Eff  11.250   6/24/2022  EUR    56.880
Societe Generale Eff   6.250   7/22/2022  EUR    38.920
Societe Generale Eff  14.250   7/22/2022  EUR    30.070
Vontobel Financial P   9.500   6/24/2022  EUR    43.150
Leonteq Securities A  11.000   05/05/2022 CHF    36.540
Leonteq Securities A   9.000   02/08/2023 CHF    63.480
Vontobel Financial P   7.000   6/24/2022  EUR    72.510
Vontobel Financial P   7.500   9/23/2022  EUR    71.930
Vontobel Financial P  12.000   9/23/2022  EUR    67.230
Vontobel Financial P  15.000   9/23/2022  EUR    64.630
Sberbank of Russia P   1.165   2/24/2025  RUB    74.300
Raiffeisen Schweiz G   6.000   8/24/2022  CHF    73.390
Landesbank Baden-Wue   2.000   6/24/2022  EUR    73.470
DZ Bank AG Deutsche   16.900   6/24/2022  EUR    31.830
DZ Bank AG Deutsche   11.250   6/22/2022  EUR    74.830
DZ Bank AG Deutsche   14.600   6/24/2022  EUR    69.660
DZ Bank AG Deutsche    8.300   6/24/2022  EUR    64.670
Bank Vontobel AG       8.500   12/12/2022 EUR    64.900
Landesbank Baden-Wue   8.600   6/24/2022  EUR    39.210
Landesbank Baden-Wue   5.100   6/24/2022  EUR    45.500
DZ Bank AG Deutsche   24.400   6/24/2022  EUR    46.440
DZ Bank AG Deutsche   14.000   6/24/2022  EUR    34.210
DZ Bank AG Deutsche    8.000   6/22/2022  EUR    57.440
DZ Bank AG Deutsche   10.200   6/24/2022  EUR    69.030
DZ Bank AG Deutsche   17.500   6/24/2022  EUR    65.770
DZ Bank AG Deutsche    4.600   6/24/2022  EUR    71.610
DZ Bank AG Deutsche   10.800   6/24/2022  EUR    61.940
UBS AG/London          7.250   07/05/2022 EUR    70.420
Landesbank Baden-Wue   3.250   6/24/2022  EUR    67.340
DZ Bank AG Deutsche   16.800   6/24/2022  EUR    52.260
DZ Bank AG Deutsche   19.200   6/24/2022  EUR    49.310
DZ Bank AG Deutsche   15.400   6/24/2022  EUR    51.040
Landesbank Baden-Wue   8.250   7/22/2022  EUR    70.310
Vontobel Financial P   8.750   6/24/2022  EUR    67.900
DZ Bank AG Deutsche   16.700   6/24/2022  EUR    65.960
Landesbank Baden-Wue   4.000   6/24/2022  EUR    72.090
Landesbank Baden-Wue   4.500   6/24/2022  EUR    61.360
Vontobel Financial P  15.000   6/24/2022  EUR    69.270
Vontobel Financial P   7.500   6/24/2022  EUR    73.110
Vontobel Financial P  17.500   6/24/2022  EUR    65.280
Vontobel Financial P   5.500   6/24/2022  EUR    54.530
Raiffeisen Schweiz G   8.000   9/14/2022  EUR    65.100
Raiffeisen Schweiz G  11.000  12/14/2022  CHF    73.100
Raiffeisen Schweiz G   5.000   8/24/2022  CHF    73.050
Bank Vontobel AG       9.502   12/12/2022 CHF    66.700
Bank Vontobel AG       7.502   12/12/2022 CHF    64.800
Bank Vontobel AG      15.001   9/13/2022  CHF    31.400
Vontobel Financial P  18.000   6/24/2022  EUR    62.110
Vontobel Financial P  20.000   6/24/2022  EUR    68.830
Vontobel Financial P  16.500   6/24/2022  EUR    74.610
Vontobel Financial P   7.500   6/24/2022  EUR    55.670
Vontobel Financial P  18.000   6/24/2022  EUR    53.630
Raiffeisen Schweiz G  10.000  12/14/2022  CHF    60.020
Vontobel Financial P   9.500   6/24/2022  EUR    67.700
Vontobel Financial P  16.000   6/24/2022  EUR    58.410
Vontobel Financial P   7.500   6/24/2022  EUR    71.660
Vontobel Financial P  20.500   6/24/2022  EUR    53.830
Leonteq Securities A   6.800   2/20/2023  CHF    70.010
Vontobel Financial P  11.000   6/24/2022  EUR    68.890
Vontobel Financial P  13.500   6/24/2022  EUR    68.800
Vontobel Financial P  18.000   6/24/2022  EUR    72.470
Vontobel Financial P  15.500   6/24/2022  EUR    64.570
Vontobel Financial P  13.500   6/24/2022  EUR    61.090
Vontobel Financial P  11.000   6/24/2022  EUR    64.120
Leonteq Securities A   6.000   2/20/2023  CHF    63.580
VTB Bank PJSC          2.000   4/29/2026  RUB    63.000
Credit Suisse AG/Lon   6.000   8/22/2022  CHF    71.870
EFG International Fi   9.800   6/21/2023  EUR    42.420
Bank Vontobel AG       7.550   1/30/2023  CHF    68.300
Leonteq Securities A  10.000  10/31/2022  USD    49.960
Zurcher Kantonalbank  18.000   05/06/2022 CHF    50.550
Leonteq Securities A  15.000   08/02/2022 CHF    27.630
Leonteq Securities A  10.000   1/30/2023  EUR    78.480
Leonteq Securities A  17.000   08/02/2022 USD    34.510
Leonteq Securities A  26.350   08/03/2022 CHF    65.330
Leonteq Securities A   9.000  10/31/2022  CHF    61.200
Leonteq Securities A  12.000   6/21/2022  CHF    32.450
Leonteq Securities A  20.000   7/29/2022  CHF    35.930
Leonteq Securities A  22.450   7/29/2022  CHF    33.700
Vontobel Financial P   6.500   6/24/2022  EUR    69.790
Zurcher Kantonalbank  11.000   6/28/2022  CHF    76.180
Leonteq Securities A  11.000  10/31/2022  USD    47.150
Landesbank Baden-Wue   5.650   5/27/2022  EUR    43.680
Vontobel Financial P   8.000   6/24/2022  EUR    69.960
Vontobel Financial P   9.500   6/24/2022  EUR    67.870
Vontobel Financial P  14.000   6/24/2022  EUR    62.470
Vontobel Financial P  17.000   6/24/2022  EUR    59.460
Vontobel Financial P  21.000   6/24/2022  EUR    74.420
Vontobel Financial P  16.500   6/24/2022  EUR    66.420
Vontobel Financial P   5.500   6/24/2022  EUR    68.560
Vontobel Financial P  15.500   6/24/2022  EUR    71.630
Vontobel Financial P  13.000   6/24/2022  EUR    76.420
Vontobel Financial P  10.000   6/24/2022  EUR    31.100
Credit Suisse AG/Lon   8.250   9/19/2022  EUR    69.350
Zurcher Kantonalbank   8.000   08/08/2022 CHF    69.780
Vontobel Financial P  10.500   6/24/2022  EUR    62.160
Zurcher Kantonalbank  15.500   05/10/2022 CHF    69.780
Vontobel Financial P   8.000   6/24/2022  EUR    64.950
Vontobel Financial P  17.500   6/24/2022  EUR    72.570
Vontobel Financial P  13.500   6/24/2022  EUR    57.120
Vontobel Financial P  18.000   6/24/2022  EUR    59.360
Vontobel Financial P  12.500   6/24/2022  EUR    65.360
Vontobel Financial P  16.000   6/24/2022  EUR    61.610
Vontobel Financial P  16.500   6/24/2022  EUR    76.320
Vontobel Financial P  16.000   6/24/2022  EUR    72.710
Vontobel Financial P   7.500   6/24/2022  EUR    60.730
Sberbank of Russia P   0.010   03/04/2026 RUB    64.900
UBS AG/London          9.750   09/05/2022 CHF    66.400
UBS AG/London         16.250   09/05/2022 CHF    57.300
Leonteq Securities A  20.000   06/01/2022 EUR    67.750
EFG International Fi   6.400   03/08/2023 USD    70.100
UniCredit Bank AG      5.300   04/08/2025 EUR    75.230
Zurcher Kantonalbank  13.000   6/17/2022  CHF    64.630
Sberbank of Russia P   0.010   03/06/2028 RUB    57.300
Bank Vontobel AG      23.008   06/02/2022 CHF    41.800
Bank Vontobel AG      10.506   09/02/2022 CHF    66.500
Bank Vontobel AG       8.252   09/02/2022 EUR    70.100
Bank Vontobel AG       7.259   06/03/2022 CHF    65.300
Sberbank of Russia P   0.010   03/05/2026 RUB    68.000
Bank Vontobel AG       7.250   06/03/2022 CHF    51.600
Bank Vontobel AG       5.254   09/02/2022 CHF    69.600
Bank Vontobel AG      14.004   09/02/2022 CHF    40.500
Sberbank of Russia P   0.010   03/04/2026 RUB    64.200
Leonteq Securities A  14.000   06/08/2022 CHF    39.770
Leonteq Securities A  17.000   06/08/2022 USD    31.280
Zurcher Kantonalbank   7.000   09/08/2022 CHF    79.770
Bank Vontobel AG      25.504   5/24/2022  CHF    35.800
Bank Vontobel AG      15.004   8/26/2022  CHF    30.400
Bank Vontobel AG      15.004   8/26/2022  CHF    30.400
DZ Bank AG Deutsche    8.000   6/20/2022  EUR    75.160
Bank Julius Baer & C   7.000   06/10/2022 CHF    49.500
DZ Bank AG Deutsche    5.500   6/22/2022  EUR    73.920
Leonteq Securities A  16.000   06/10/2022 CHF    32.190
Aerofuels JSC          9.250   2/28/2024  RUB    71.380
UBS AG/London          9.250   03/10/2023 CHF    59.800
UBS AG/London         10.750   09/12/2022 CHF    56.200
UBS AG/London         16.500   09/12/2022 CHF    60.950
Raiffeisen Switzerla   8.500   09/08/2022 CHF    56.490
Vontobel Financial P   3.000   09/05/2023 EUR    75.570
Landesbank Baden-Wue   2.200  12/23/2022  EUR    74.920
Landesbank Baden-Wue   2.150  12/23/2022  EUR    55.420
Landesbank Baden-Wue   3.000  12/23/2022  EUR    60.930
DekaBank Deutsche Gi   2.500  10/24/2023  EUR    65.980
SG Issuer SA           8.120   7/20/2023  SEK    68.580
UniCredit Bank AG      3.600   10/05/2022 EUR    55.530
DekaBank Deutsche Gi   2.600  10/24/2023  EUR    66.120
Landesbank Baden-Wue   2.600   9/22/2023  EUR    70.160
Danske Bank A/S        7.141   07/09/2023 SEK    68.360
Bank Julius Baer & C   8.900   6/17/2022  USD    63.450
Vontobel Financial P   8.250   6/24/2022  EUR    44.030
Vontobel Financial P   4.200   9/16/2022  EUR    75.630
Vontobel Financial P   8.500   7/13/2022  EUR    69.660
VTB Bank PJSC          0.010   5/20/2026  RUB    66.150
Credit Suisse AG/Lon  12.000   4/29/2022  USD    19.110
Vontobel Financial P  16.500   6/24/2022  EUR    53.670
Vontobel Financial P  15.000   6/24/2022  EUR    62.820
Vontobel Financial P   9.000   6/24/2022  EUR    48.490
Vontobel Financial P  17.000   6/24/2022  EUR    40.810
Vontobel Financial P  13.000   6/24/2022  EUR    44.180
Vontobel Financial P   5.000   6/24/2022  EUR    65.750
Vontobel Financial P  10.500   6/24/2022  EUR    56.640
Leonteq Securities A  24.350   4/29/2022  CHF    54.020
UniCredit Bank AG     12.000   8/18/2022  EUR    50.600
Societe Generale Eff   4.750   6/24/2022  EUR    38.960
Bank Vontobel AG      11.000   08/01/2022 EUR    43.700
Vontobel Financial P  11.500   6/24/2022  EUR    72.660
Vontobel Financial P  12.500   6/24/2022  EUR    70.920
Vontobel Financial P  15.000   6/24/2022  EUR    67.810
Vontobel Financial P  14.000   6/24/2022  EUR    69.360
Vontobel Financial P  16.500   6/24/2022  EUR    64.570
Vontobel Financial P  15.000   6/24/2022  EUR    26.970
Vontobel Financial P  10.500   6/24/2022  EUR    68.290
Vontobel Financial P  13.500   6/24/2022  EUR    64.020
Vontobel Financial P  17.000   6/24/2022  EUR    60.450
Vontobel Financial P  11.500   6/24/2022  EUR    74.660
Vontobel Financial P  17.000   6/24/2022  EUR    66.500
Vontobel Financial P   7.500   6/24/2022  EUR    33.260
Vontobel Financial P   5.500   6/24/2022  EUR    58.160
Leonteq Securities A  12.000   7/29/2022  CHF    62.470
Leonteq Securities A   7.000   05/03/2023 CHF    65.400
Vontobel Financial P   8.250   6/24/2022  EUR    62.800
Vontobel Financial P   9.750   6/24/2022  EUR    71.160
Leonteq Securities A  10.000   11/02/2022 CHF    48.260
Leonteq Securities A   5.000   1/30/2023  USD    46.180
Leonteq Securities A   2.800   7/29/2022  EUR    52.350
Leonteq Securities A  23.180   4/29/2022  USD    21.640
Zurcher Kantonalbank  10.000   6/24/2022  CHF    68.930
Zurcher Kantonalbank   9.000   6/28/2022  CHF    77.830
Vontobel Financial P  12.000   6/24/2022  EUR    31.680
Goldman Sachs & Co W  15.000   6/22/2022  EUR    67.460
Goldman Sachs & Co W  19.000   6/22/2022  EUR    63.340
Goldman Sachs & Co W  12.000   3/22/2023  EUR    66.070
Goldman Sachs & Co W  10.000   6/22/2022  EUR    72.450
Goldman Sachs & Co W  10.000   9/21/2022  EUR    74.860
Goldman Sachs & Co W   7.000  12/21/2022  EUR    74.350
Goldman Sachs & Co W  10.000  12/21/2022  EUR    69.730
Goldman Sachs & Co W  13.000  12/21/2022  EUR    63.740
Goldman Sachs & Co W   8.000   3/22/2023  EUR    73.410
Goldman Sachs & Co W  10.000   3/22/2023  EUR    69.300
Goldman Sachs & Co W  10.000   9/21/2022  EUR    74.860
Goldman Sachs & Co W  17.000   6/22/2022  EUR    57.840
Goldman Sachs & Co W   8.000   9/21/2022  EUR    73.090
Goldman Sachs & Co W   9.000   9/21/2022  EUR    70.000
Goldman Sachs & Co W  15.000   9/21/2022  EUR    61.290
DekaBank Deutsche Gi   3.350   04/08/2024 EUR    67.610
DekaBank Deutsche Gi   3.250   04/06/2023 EUR    72.780
Leonteq Securities A   8.000   3/15/2023  CHF    61.210
Zurcher Kantonalbank   8.500   06/10/2022 EUR    40.450
Vontobel Financial P  16.000   6/24/2022  EUR    70.210
Vontobel Financial P  14.000   6/24/2022  EUR    72.390
Vontobel Financial P  14.000   6/24/2022  EUR    71.170
Vontobel Financial P  15.000   6/24/2022  EUR    27.820
Vontobel Financial P  10.500   6/24/2022  EUR    58.560
Zurcher Kantonalbank   7.750   05/10/2022 CHF    76.890
Bank Julius Baer & C   9.250   9/19/2022  EUR    71.300
Bank Julius Baer & C   8.450   6/17/2022  USD    73.350
Bank Julius Baer & C  12.000   9/19/2022  USD    69.450
Landesbank Baden-Wue   3.000   8/26/2022  EUR    70.120
Vontobel Financial P   8.500   6/24/2022  EUR    71.570
Vontobel Financial P  17.500   6/24/2022  EUR    75.040
Vontobel Financial P  16.000   6/24/2022  EUR    67.970
Vontobel Financial P  18.000   6/24/2022  EUR    68.050
Vontobel Financial P  17.500   6/24/2022  EUR    26.580
Vontobel Financial P  12.500   6/24/2022  EUR    29.310
Landesbank Baden-Wue   4.000   7/25/2025  EUR    48.610
Societe Generale Eff   6.500   6/24/2022  EUR    34.620
Vontobel Financial P   7.500   6/24/2022  EUR    70.460
Vontobel Financial P  19.500   6/24/2022  EUR    57.090
Zurcher Kantonalbank   9.250   05/10/2022 CHF    72.090
Vontobel Financial P  18.500   6/24/2022  EUR    63.710
Goldman Sachs & Co W   7.000   6/22/2022  EUR    75.440
Vontobel Financial P   9.500   6/24/2022  EUR    67.670
Vontobel Financial P  11.500   6/24/2022  EUR    65.140
Vontobel Financial P  15.500   6/24/2022  EUR    60.750
Vontobel Financial P  13.500   6/24/2022  EUR    62.840
Vontobel Financial P  12.500   6/24/2022  EUR    64.140
Vontobel Financial P  10.500   6/24/2022  EUR    65.860
Zurcher Kantonalbank  20.500   08/09/2022 CHF    46.890
Vontobel Financial P  12.000   6/24/2022  EUR    59.200
Vontobel Financial P   8.500   6/24/2022  EUR    63.420
Vontobel Financial P   7.500   6/24/2022  EUR    31.920
Vontobel Financial P  12.500   6/24/2022  EUR    28.330
Vontobel Financial P  17.500   6/24/2022  EUR    25.830
Zurcher Kantonalbank   8.000   05/10/2022 EUR    73.400
EFG International Fi   8.560   6/17/2022  CHF    67.900
Leonteq Securities A  21.290   6/17/2022  CHF    64.380
Vontobel Financial P  15.000   6/24/2022  EUR    55.320
Leonteq Securities A  20.760   6/17/2022  CHF    26.260
Vontobel Financial P   6.000   6/24/2022  EUR    54.290
Vontobel Financial P   5.500   6/24/2022  EUR    68.090
Vontobel Financial P  13.500   6/24/2022  EUR    53.180
Vontobel Financial P   6.000   6/24/2022  EUR    73.610
Vontobel Financial P  10.500   6/24/2022  EUR    74.490
Vontobel Financial P  10.000   6/24/2022  EUR    29.960
Vontobel Financial P  13.500   6/24/2022  EUR    59.760
Vontobel Financial P  17.000   6/24/2022  EUR    50.350
Societe Generale Eff   5.000   5/27/2022  EUR    37.370
Vontobel Financial P  17.500   6/24/2022  EUR    58.840
Vontobel Financial P   6.500   6/24/2022  EUR    72.210
Vontobel Financial P  15.500   6/24/2022  EUR    60.910
Vontobel Financial P  17.500   6/24/2022  EUR    65.030
Landesbank Baden-Wue   2.650   9/22/2023  EUR    68.210
Leonteq Securities A  23.690   06/03/2022 CHF    24.540
Leonteq Securities A  23.290   06/03/2022 CHF    63.800
Leonteq Securities A  11.000   09/07/2022 CHF    60.860
EFG International Fi   9.850   06/08/2022 USD    71.890
Erste Group Bank AG    8.000   6/30/2022  EUR    66.300
Erste Group Bank AG    6.500   6/30/2022  EUR    66.000
Erste Group Bank AG    4.250   6/30/2022  EUR    65.900
UniCredit Bank AG      4.050   07/01/2024 EUR    73.220
UBS AG/London         11.000  11/30/2022  CHF    34.450
UBS AG/London          6.500  11/30/2022  CHF    69.750
UBS AG/London          5.250   5/31/2023  CHF    75.700
UBS AG/London         10.250  11/30/2022  CHF    61.500
UBS AG/London          5.250   5/31/2023  EUR    65.100
UBS AG/London         12.500  11/30/2022  CHF    59.650
Leonteq Securities A  14.000   06/08/2022 CHF    38.410
Leonteq Securities A  12.000   06/08/2022 CHF    17.540
Zurcher Kantonalbank   9.500   6/15/2022  EUR    67.740
Zurcher Kantonalbank   9.250   6/15/2022  CHF    72.000
Vontobel Financial P  12.750   6/24/2022  EUR    67.040
Vontobel Financial P  10.000   6/24/2022  EUR    63.630
Raiffeisen Centroban  12.652   9/21/2022  EUR    70.140
Vontobel Financial P  12.000   6/24/2022  EUR    63.720
Vontobel Financial P   9.750   6/24/2022  EUR    34.550
DZ Bank AG Deutsche    7.000   9/19/2022  EUR    72.330
DZ Bank AG Deutsche    6.200   6/20/2022  EUR    73.660
DZ Bank AG Deutsche    5.400   9/19/2022  EUR    74.930
Raiffeisen Switzerla  13.000   5/19/2022  CHF    58.040
Leonteq Securities A   9.300   8/24/2022  USD    43.760
UBS AG/London         11.000   8/24/2022  CHF    49.350
UBS AG/London         11.250   8/24/2022  CHF    67.150
Credit Suisse AG/Lon   7.250   5/18/2022  CHF    60.170
Credit Suisse AG/Lon   8.100   8/23/2022  CHF    67.160
UniCredit Bank AG      4.450  12/29/2022  EUR    35.590
EFG International Fi   7.000   5/23/2022  EUR    31.670
SG Issuer SA           7.500   1/20/2025  SEK    46.800
Landesbank Baden-Wue   2.750  11/25/2022  EUR    56.690
UniCredit Bank AG      3.800  12/29/2022  EUR    41.550
DekaBank Deutsche Gi   3.000  12/29/2022  EUR    55.290
Landesbank Baden-Wue   3.400   2/24/2023  EUR    68.030
Leonteq Securities A  17.140   08/12/2022 CHF    66.710
Leonteq Securities A  18.480   08/12/2022 CHF    69.790
Landesbank Baden-Wue   6.750   8/26/2022  EUR    34.340
Landesbank Baden-Wue   9.000   9/23/2022  EUR    76.700
Landesbank Baden-Wue  10.100   8/26/2022  EUR    63.890
Landesbank Baden-Wue   5.000   8/26/2022  EUR    74.520
Landesbank Baden-Wue   4.800   8/26/2022  EUR    36.730
Landesbank Baden-Wue   5.000   8/26/2022  EUR    70.730
BNP Paribas Emission   8.000   6/23/2022  EUR    56.080
BNP Paribas Emission  14.000   6/23/2022  EUR    51.560
BNP Paribas Emission   5.000   9/22/2022  EUR    63.800
BNP Paribas Emission   8.000   9/22/2022  EUR    58.230
BNP Paribas Emission  12.000   9/22/2022  EUR    54.400
BNP Paribas Emission   5.000  12/22/2022  EUR    65.020
BNP Paribas Emission   8.000  12/22/2022  EUR    60.260
BNP Paribas Emission  10.000   6/23/2022  EUR    69.580
BNP Paribas Emission   8.000   9/22/2022  EUR    71.360
BNP Paribas Emission   8.000  12/22/2022  EUR    73.160
BNP Paribas Emission   8.000   9/22/2022  EUR    70.060
BNP Paribas Emission   8.000  12/22/2022  EUR    71.990
BNP Paribas Emission   8.000  12/22/2022  EUR    72.290
BNP Paribas Emission  10.000  12/22/2022  EUR    56.140
BNP Paribas Emission  10.000   6/23/2022  EUR    68.880
BNP Paribas Emission  10.000   9/22/2022  EUR    71.360
BNP Paribas Emission  10.000   6/23/2022  EUR    77.120
BNP Paribas Emission  10.000   9/22/2022  EUR    77.330
BNP Paribas Emission  14.000   9/22/2022  EUR    70.100
BNP Paribas Emission   8.000  12/22/2022  EUR    76.730
BNP Paribas Emission  14.000  12/22/2022  EUR    72.580
BNP Paribas Emission   6.000  12/22/2022  EUR    53.980
BNP Paribas Emission   6.000  12/22/2022  EUR    51.140
BNP Paribas Emission   8.000  12/22/2022  EUR    49.900
BNP Paribas Emission   8.000   9/22/2022  EUR    48.090
BNP Paribas Emission  12.000   9/22/2022  EUR    72.500
BNP Paribas Emission  12.000  12/22/2022  EUR    75.080
Societe Generale Eff   4.000   7/22/2022  EUR    40.230
BNP Paribas Emission   6.000   6/23/2022  EUR    51.300
BNP Paribas Emission   8.000   6/23/2022  EUR    48.670
BNP Paribas Emission  10.000   6/23/2022  EUR    46.370
BNP Paribas Emission   6.000   9/22/2022  EUR    52.780
BNP Paribas Emission   8.000   9/22/2022  EUR    50.680
BNP Paribas Emission  12.000   6/23/2022  EUR    74.770
BNP Paribas Emission   5.000   6/23/2022  EUR    62.420
Vontobel Financial P   6.000   6/24/2022  EUR    72.300
Vontobel Financial P  11.250   6/24/2022  EUR    75.050
Vontobel Financial P   6.250   6/24/2022  EUR    66.690
Vontobel Financial P  14.250   6/24/2022  EUR    43.350
Vontobel Financial P  16.250   6/24/2022  EUR    65.870
Vontobel Financial P   5.750   6/24/2022  EUR    75.990
Vontobel Financial P   8.000   6/24/2022  EUR    63.960
Vontobel Financial P  20.000   6/24/2022  EUR    35.890
Vontobel Financial P   5.250   6/24/2022  EUR    74.800
Vontobel Financial P   9.000   6/24/2022  EUR    74.910
Leonteq Securities A  10.000   2/13/2023  USD    61.510
Leonteq Securities A  16.000  11/16/2022  CHF    63.010
Leonteq Securities A  12.000  11/16/2022  CHF    38.360
Corner Banca SA       10.000   2/13/2023  EUR    44.500
Corner Banca SA       13.000   8/16/2022  CHF    36.010
Leonteq Securities A  14.000   2/13/2023  CHF    50.940
Leonteq Securities A  13.000  11/16/2022  USD    70.140
Bank Vontobel AG       6.500   2/13/2023  CHF    66.100
Bank Vontobel AG      10.000   8/15/2022  CHF    64.800
Bank Vontobel AG      10.000   8/15/2022  CHF    64.800
Bank Vontobel AG      14.500   2/13/2023  EUR    59.200
Bank Vontobel AG       7.500   2/13/2023  EUR    64.600
Bank Julius Baer & C  19.600   5/16/2022  CHF    30.550
Societe Generale Eff  13.000   5/27/2022  EUR    78.800
Societe Generale Eff  15.000   5/27/2022  EUR    76.300
Societe Generale Eff  14.000   6/24/2022  EUR    77.510
Societe Generale Eff   3.500   8/26/2022  EUR    42.730
Societe Generale Eff  13.250   7/22/2022  EUR    78.300
Societe Generale Eff  12.500   8/26/2022  EUR    79.060
Corner Banca SA       12.000   06/01/2022 CHF    36.270
Zurcher Kantonalbank  21.500   8/23/2022  USD    45.860
Zurcher Kantonalbank   6.020   8/16/2022  CHF    79.040
Zurcher Kantonalbank  11.500   8/23/2022  EUR    74.630
Leonteq Securities A  26.150   8/16/2022  CHF    35.740
Zurcher Kantonalbank  18.500   8/22/2022  USD    52.460
Landesbank Baden-Wue   5.000  11/25/2022  EUR    46.970
Landesbank Baden-Wue   3.200  11/25/2022  EUR    73.300
DZ Bank AG Deutsche    5.000   8/24/2022  EUR    70.980
ID Collect LLC        12.000   7/25/2024  RUB    71.150
Bank Julius Baer & C   5.750   8/17/2022  CHF    65.250
Zurcher Kantonalbank  12.900   8/17/2022  CHF    39.960
EFG International Fi   4.900   12/04/2023 USD    59.820
UBS AG/London         15.000   06/03/2022 USD    32.600
Sberbank of Russia P   0.010   12/02/2025 RUB    67.100
T-Centrum CZ AS        6.940  10/30/2024  CZK    72.000
DekaBank Deutsche Gi   3.350  11/28/2022  EUR    74.780
Basler Kantonalbank   10.000   2/13/2023  CHF    64.370
EFG International Fi  15.000   2/13/2023  EUR    37.410
BNP Paribas Emission  10.000   6/23/2022  EUR    68.840
BNP Paribas Emission   6.000   6/23/2022  EUR    66.220
BNP Paribas Emission   6.000   9/22/2022  EUR    67.790
BNP Paribas Emission   6.000  12/22/2022  EUR    69.150
BNP Paribas Emission   6.000   6/23/2022  EUR    74.060
BNP Paribas Emission  12.000   6/23/2022  EUR    68.910
BNP Paribas Emission   6.000   9/22/2022  EUR    75.560
BNP Paribas Emission  10.000   9/22/2022  EUR    74.040
BNP Paribas Emission  14.000   6/23/2022  EUR    72.860
BNP Paribas Emission   8.000   6/23/2022  EUR    75.360
BNP Paribas Emission  10.000   6/23/2022  EUR    70.760
BNP Paribas Emission   8.000   9/22/2022  EUR    77.150
BNP Paribas Emission  12.000   9/22/2022  EUR    69.780
BNP Paribas Emission   8.000  12/22/2022  EUR    74.140
BNP Paribas Emission  10.000  12/22/2022  EUR    71.310
BNP Paribas Emission  12.000   9/22/2022  EUR    75.540
BNP Paribas Emission   8.000   9/22/2022  EUR    70.570
BNP Paribas Emission   5.000  12/22/2022  EUR    74.150
BNP Paribas Emission   8.000  12/22/2022  EUR    72.350
BNP Paribas Emission   4.000   6/23/2022  EUR    74.410
BNP Paribas Emission   5.000   6/23/2022  EUR    69.320
BNP Paribas Emission   5.000   9/22/2022  EUR    69.710
BNP Paribas Emission   8.000   9/22/2022  EUR    65.470
BNP Paribas Emission  10.000   6/23/2022  EUR    61.570
BNP Paribas Emission  14.000   6/23/2022  EUR    58.680
BNP Paribas Emission  15.000   6/23/2022  EUR    57.000
BNP Paribas Emission  12.000   9/22/2022  EUR    61.510
BNP Paribas Emission  15.000   6/23/2022  EUR    70.000
BNP Paribas Emission   5.000  12/22/2022  EUR    70.560
BNP Paribas Emission   8.000  12/22/2022  EUR    67.260
BNP Paribas Emission  10.000   9/22/2022  EUR    66.960
BNP Paribas Emission  10.000   9/22/2022  EUR    64.170
BNP Paribas Emission   5.000  12/22/2022  EUR    71.750
BNP Paribas Emission   8.000  12/22/2022  EUR    69.250
BNP Paribas Emission  14.000   9/22/2022  EUR    28.940
BNP Paribas Emission  12.000  12/22/2022  EUR    31.030
EFG International Fi  17.000   08/11/2022 CHF    63.340
Societe Generale Eff  12.000   5/27/2022  EUR    75.050
Societe Generale Eff  13.250   6/24/2022  EUR    75.940
Societe Generale Eff  15.250   6/24/2022  EUR    73.160
Societe Generale Eff  14.500   7/22/2022  EUR    74.060
BNP Paribas Emission   6.000   6/23/2022  EUR    72.170
Societe Generale Eff   6.500   6/24/2022  EUR    71.660
BNP Paribas Emission  14.000   6/23/2022  EUR    58.140
BNP Paribas Emission  12.000   9/22/2022  EUR    60.940
BNP Paribas Emission  10.000  12/22/2022  EUR    62.580
BNP Paribas Emission  10.000   9/22/2022  EUR    71.200
BNP Paribas Emission  12.000   9/22/2022  EUR    70.780
BNP Paribas Emission  14.000   6/23/2022  EUR    67.070
BNP Paribas Emission  10.000   9/22/2022  EUR    73.220
BNP Paribas Emission  14.000   6/23/2022  EUR    77.540
BNP Paribas Emission  10.000  12/22/2022  EUR    75.630
BNP Paribas Emission   6.000   9/22/2022  EUR    73.630
BNP Paribas Emission  14.000   6/23/2022  EUR    59.540
BNP Paribas Emission   5.000   6/23/2022  EUR    68.590
BNP Paribas Emission  14.000   6/23/2022  EUR    59.640
BNP Paribas Emission   4.000   9/22/2022  EUR    75.550
BNP Paribas Emission   8.000   6/23/2022  EUR    65.240
BNP Paribas Emission  15.000   9/22/2022  EUR    60.210
BNP Paribas Emission  12.000  12/22/2022  EUR    63.540
BNP Paribas Emission  14.000  12/22/2022  EUR    59.290
BNP Paribas Emission  10.000   6/23/2022  EUR    74.900
Societe Generale Eff  13.750   8/26/2022  EUR    74.910
BNP Paribas Emission  12.000   9/22/2022  EUR    62.400
BNP Paribas Emission   4.000  12/22/2022  EUR    75.780
BNP Paribas Emission  12.000   9/22/2022  EUR    63.550
BNP Paribas Emission   5.000   6/23/2022  EUR    72.530
BNP Paribas Emission  10.000   6/23/2022  EUR    64.400
BNP Paribas Emission   5.000   9/22/2022  EUR    73.650
BNP Paribas Emission   5.000  12/22/2022  EUR    74.390
BNP Paribas Emission   8.000  12/22/2022  EUR    67.970
BNP Paribas Emission   5.000   9/22/2022  EUR    70.640
BNP Paribas Emission   8.000   9/22/2022  EUR    67.330
BNP Paribas Emission  12.000   9/22/2022  EUR    61.470
BNP Paribas Emission   8.000   6/23/2022  EUR    30.690
BNP Paribas Emission  10.000   6/23/2022  EUR    28.560
BNP Paribas Emission  12.000   6/23/2022  EUR    26.790
BNP Paribas Emission   8.000   9/22/2022  EUR    32.770
BNP Paribas Emission  10.000   9/22/2022  EUR    31.150
BNP Paribas Emission  12.000   9/22/2022  EUR    29.900
BNP Paribas Emission   8.000  12/22/2022  EUR    32.210
BNP Paribas Emission  10.000  12/22/2022  EUR    31.480
BNP Paribas Emission  10.000   6/23/2022  EUR    65.690
UniCredit Bank AG     10.000   9/15/2022  EUR    77.390
Bank Julius Baer & C   9.600   08/12/2022 USD    42.200
Leonteq Securities A  26.380   08/12/2022 CHF    53.130
Landesbank Baden-Wue   8.700   8/26/2022  EUR    68.090
Landesbank Baden-Wue   3.600   8/26/2022  EUR    69.370
Landesbank Baden-Wue   3.000   8/26/2022  EUR    75.100
Zurcher Kantonalbank  12.000   8/23/2022  CHF    74.900
Zurcher Kantonalbank  20.500   8/23/2022  CHF    56.070
DZ Bank AG Deutsche    9.700   6/24/2022  EUR    71.970
DZ Bank AG Deutsche   24.500   6/24/2022  EUR    39.630
Landesbank Baden-Wue  10.500   6/24/2022  EUR    42.120
Landesbank Baden-Wue   2.500   6/24/2022  EUR    54.880
Landesbank Baden-Wue   9.500   6/24/2022  EUR    37.460
Landesbank Baden-Wue   2.500   6/24/2022  EUR    51.660
Landesbank Baden-Wue   2.000   6/24/2022  EUR    70.930
Landesbank Baden-Wue   8.000   6/24/2022  EUR    54.370
Zurcher Kantonalbank  10.000   6/23/2022  CHF    75.720
EFG International Fi  18.000   6/16/2022  CHF    28.110
SG Issuer SA           0.263   2/20/2025  EUR    19.910
UBS AG/London         11.250  12/16/2022  USD    69.150
UBS AG/London          8.250   6/16/2023  CHF    66.750
Landesbank Baden-Wue   3.500   6/24/2022  EUR    67.550
Landesbank Baden-Wue   5.250   6/24/2022  EUR    79.040
DZ Bank AG Deutsche    7.300   6/24/2022  EUR    67.690
Landesbank Baden-Wue   4.200   6/24/2022  EUR    50.810
Landesbank Baden-Wue   7.150   6/24/2022  EUR    45.910
Landesbank Baden-Wue   7.250   7/22/2022  EUR    68.630
EFG International Fi  10.000  12/16/2022  CHF    38.260
DZ Bank AG Deutsche   13.000   6/24/2022  EUR    62.590
DZ Bank AG Deutsche   16.900   6/24/2022  EUR    56.420
Landesbank Baden-Wue   6.000   6/24/2022  EUR    65.940
Landesbank Baden-Wue   5.000   7/22/2022  EUR    74.700
Vontobel Financial P   3.500   07/03/2023 EUR    49.780
Vontobel Financial P  10.000   07/06/2022 EUR    71.910
DZ Bank AG Deutsche   17.400   6/24/2022  EUR    48.290
DZ Bank AG Deutsche   19.500   6/24/2022  EUR    45.920
DZ Bank AG Deutsche   21.700   6/24/2022  EUR    43.870
DZ Bank AG Deutsche    6.200   6/24/2022  EUR    67.870
Landesbank Baden-Wue   1.500   6/24/2022  EUR    72.310
Landesbank Baden-Wue   2.500   6/24/2022  EUR    72.030
DZ Bank AG Deutsche   15.800   6/24/2022  EUR    42.210
Landesbank Baden-Wue   5.500   6/24/2022  EUR    43.130
Credit Suisse AG/Lon   6.000   8/24/2022  CHF    71.830
UBS AG/London         12.500  12/16/2022  CHF    54.700
UBS AG/London          8.000  12/16/2022  CHF    66.100
DZ Bank AG Deutsche   11.600   6/24/2022  EUR    75.530
Landesbank Baden-Wue   8.750   7/22/2022  EUR    43.250
DZ Bank AG Deutsche   11.300   6/24/2022  EUR    66.390
Landesbank Baden-Wue  10.000   7/22/2022  EUR    73.970
Landesbank Baden-Wue   2.000   7/22/2022  EUR    56.960
Societe Generale Eff  10.250   7/22/2022  EUR    33.070
Landesbank Baden-Wue   4.500   7/22/2022  EUR    51.030
Vontobel Financial P  13.000   9/23/2022  EUR    80.190
Vontobel Financial P  17.000   9/23/2022  EUR    70.860
UniCredit Bank AG     10.400   08/11/2022 EUR    58.905
EFG International Fi   4.900  12/15/2023  USD    59.830
Leonteq Securities A  10.000   6/15/2022  CHF    65.220
SG Issuer SA           0.015   11/07/2033 EUR    75.060
SG Issuer SA           0.021   8/15/2033  EUR    61.050
Landesbank Baden-Wue   3.600   7/22/2022  EUR    73.320
Landesbank Baden-Wue   2.700   7/22/2022  EUR    48.510
Landesbank Baden-Wue   6.000   7/22/2022  EUR    38.520
Landesbank Baden-Wue   8.550   7/22/2022  EUR    35.420
Landesbank Baden-Wue   6.500   7/22/2022  EUR    63.680
Leonteq Securities A  12.000   6/15/2022  CHF    31.880
Landesbank Baden-Wue   5.500   7/22/2022  EUR    75.740
Landesbank Baden-Wue   2.500   7/22/2022  EUR    75.720
Landesbank Baden-Wue   3.300   7/22/2022  EUR    73.610
UBS AG/London          8.000   02/03/2023 CHF    62.850
UBS AG/London         10.250   08/03/2022 CHF    63.300
Vontobel Financial P   9.500   6/24/2022  EUR    68.640
Zurcher Kantonalbank   9.000   7/21/2022  CHF    74.720
DZ Bank AG Deutsche    5.800   6/20/2022  EUR    74.520
EFG International Fi   7.210   6/16/2022  USD    41.490
Vontobel Financial P  13.000   6/24/2022  EUR    75.750
Vontobel Financial P   7.500   6/24/2022  EUR    75.400
Vontobel Financial P  19.000   6/24/2022  EUR    60.780
Societe Generale Eff   3.000   7/22/2022  USD    10.810
Zurcher Kantonalbank   9.800   6/17/2022  USD    43.750
Vontobel Financial P   8.000   6/24/2022  EUR    62.980
Vontobel Financial P  20.000   6/24/2022  EUR    72.760
Vontobel Financial P  16.000   6/24/2022  EUR    72.150
Vontobel Financial P  12.500   6/24/2022  EUR    44.100
Vontobel Financial P  10.500   6/24/2022  EUR    46.120
Vontobel Financial P  17.000   6/24/2022  EUR    40.810
Vontobel Financial P  19.000   6/24/2022  EUR    68.830
Vontobel Financial P  16.000   6/24/2022  EUR    71.760
Vontobel Financial P  18.000   6/24/2022  EUR    64.950
Vontobel Financial P  18.500   6/24/2022  EUR    64.790
Vontobel Financial P  16.500   6/24/2022  EUR    63.060
Credit Suisse AG/Lon  13.000   6/16/2022  CHF    59.590
UBS AG/London          9.000   6/16/2022  CHF    30.700
VTB Bank PJSC          0.010   06/01/2024 RUB    63.000
Vontobel Financial P  11.500   6/24/2022  EUR    68.450
Vontobel Financial P  14.000   6/24/2022  EUR    65.610
Vontobel Financial P   6.500   6/24/2022  EUR    63.440
Vontobel Financial P  17.000   6/24/2022  EUR    77.070
Vontobel Financial P   7.000   6/24/2022  EUR    51.110
Vontobel Financial P  15.000   6/24/2022  EUR    42.390
UBS AG/London         10.250   6/16/2022  CHF    29.520
Vontobel Financial P  19.500   6/24/2022  EUR    39.470
Vontobel Financial P  15.000   6/24/2022  EUR    73.250
Vontobel Financial P   9.000   6/24/2022  EUR    74.280
Vontobel Financial P   9.000   6/24/2022  EUR    74.160
Vontobel Financial P  14.500   6/24/2022  EUR    71.990
Vontobel Financial P   7.500   6/24/2022  EUR    63.990
Vontobel Financial P   8.500   6/24/2022  EUR    48.410
Vontobel Financial P  19.000   6/24/2022  EUR    75.510
Vontobel Financial P  19.500   6/24/2022  EUR    68.000
DZ Bank AG Deutsche   20.000   6/24/2022  EUR    29.770
DZ Bank AG Deutsche   17.600   6/24/2022  EUR    34.920
DZ Bank AG Deutsche   11.900   6/24/2022  EUR    74.220
Landesbank Baden-Wue   6.500   7/22/2022  EUR    73.150
Vontobel Financial P  11.000   6/24/2022  EUR    62.330
DZ Bank AG Deutsche   13.800   6/24/2022  EUR    69.080
DZ Bank AG Deutsche   12.000   6/24/2022  EUR    46.050
DZ Bank AG Deutsche   13.900   6/24/2022  EUR    43.890
Landesbank Baden-Wue   5.150   6/24/2022  EUR    73.650
Vontobel Financial P   6.000   6/24/2022  EUR    62.660
Vontobel Financial P  11.500   6/24/2022  EUR    77.220
Credit Suisse AG/Lon  18.500   12/04/2023 USD    74.000
Vontobel Financial P  12.250   6/28/2022  EUR    74.870
Reso-Leasing OOO       8.000   5/19/2031  RUB    79.990
Leonteq Securities A  12.000   06/07/2022 CHF    61.880
Credit Suisse AG/Lon  10.500   09/05/2022 EUR    67.650
Zurcher Kantonalbank   6.500   6/14/2022  CHF    59.480
Leonteq Securities A  10.000   12/07/2022 USD    69.070
Leonteq Securities A   9.000   09/07/2022 CHF    61.570
Leonteq Securities A   9.400   12/07/2022 EUR    71.790
Leonteq Securities A   8.000   12/07/2022 CHF    37.550
Zurcher Kantonalbank  14.000   6/14/2022  CHF    65.080
Zurcher Kantonalbank  10.000   6/14/2022  CHF    68.050
Zurcher Kantonalbank  15.000   6/14/2022  CHF    65.420
Credit Suisse AG/Lon  11.500   06/01/2022 EUR    65.610
Bank Vontobel AG      17.500   06/02/2022 CHF    49.800
Raiffeisen Centroban  10.735   9/21/2022  EUR    70.310
Vontobel Financial P   9.500   6/24/2022  EUR    68.210
Vontobel Financial P  11.250   6/24/2022  EUR    69.010
Vontobel Financial P   5.500   6/24/2022  EUR    66.720
Vontobel Financial P   6.250   6/24/2022  EUR    73.770
Vontobel Financial P  10.000   6/24/2022  EUR    52.220
Vontobel Financial P  16.000   6/24/2022  EUR    23.370
DZ Bank AG Deutsche    7.000   6/20/2022  EUR    70.680
DZ Bank AG Deutsche    9.500   6/20/2022  EUR    66.370
DZ Bank AG Deutsche    5.000   9/19/2022  EUR    66.920
DZ Bank AG Deutsche    5.800   6/20/2022  EUR    76.270
DZ Bank AG Deutsche    4.800   6/20/2022  EUR    76.290
DZ Bank AG Deutsche    5.500   6/20/2022  EUR    74.770
DZ Bank AG Deutsche    4.900   9/19/2022  EUR    75.910
Credit Suisse AG/Lon  10.000   06/07/2022 CHF    31.020
Vontobel Financial P   9.000   06/08/2022 EUR    38.760
Bank Julius Baer & C   8.000   09/08/2022 CHF    64.900
Bank Julius Baer & C   7.250   06/09/2022 CHF    70.250
Zurcher Kantonalbank  20.000   6/15/2022  USD    47.120
Raiffeisen Centroban   9.202   9/21/2022  EUR    69.110
Vontobel Financial P  13.750   6/24/2022  EUR    23.350
DekaBank Deutsche Gi   4.000   07/07/2022 EUR    51.270
DekaBank Deutsche Gi   2.450   4/25/2022  EUR    72.960
DZ Bank AG Deutsche   12.000   6/22/2022  EUR    59.850
DZ Bank AG Deutsche    6.500   6/22/2022  EUR    69.180
DZ Bank AG Deutsche    6.750   6/22/2022  EUR    66.130
DZ Bank AG Deutsche    5.250   6/22/2022  EUR    75.560
DZ Bank AG Deutsche   13.500   6/22/2022  EUR    71.230
DZ Bank AG Deutsche    8.250   6/22/2022  EUR    55.240
Leonteq Securities A  21.000   06/09/2022 CHF    34.160
Leonteq Securities A  22.870   06/09/2022 CHF    35.140
Credit Suisse AG/Lon  11.000   06/08/2022 USD    37.520
Credit Suisse AG/Lon  11.000   06/08/2022 CHF    60.480
Vontobel Financial P  18.650   06/09/2022 EUR    17.070
Goldman Sachs & Co W  19.000   5/25/2022  EUR    75.300
Goldman Sachs & Co W  25.000   5/25/2022  EUR    66.240
Goldman Sachs & Co W  18.000   7/20/2022  EUR    74.210
Bank Vontobel AG       6.504   12/05/2022 CHF    68.800
Bank Vontobel AG       6.504   12/05/2022 CHF    68.800
Bank Vontobel AG       9.000   12/05/2022 CHF    72.000
Bank Vontobel AG       9.004   12/05/2022 CHF    72.000
Bank Vontobel AG       7.508   12/05/2022 EUR    64.600
Bank Vontobel AG       7.504   12/05/2022 EUR    64.600
Bank Vontobel AG      10.000   12/05/2022 CHF    59.900
Bank Vontobel AG       7.756   06/06/2023 EUR    68.000
BNP Paribas Emission   4.000   6/23/2022  EUR    76.430
BNP Paribas Emission   5.000   6/23/2022  EUR    76.390
BNP Paribas Emission   5.000   6/23/2022  EUR    76.020
BNP Paribas Emission   5.000   6/23/2022  EUR    75.640
BNP Paribas Emission   6.000   6/23/2022  EUR    75.060
BNP Paribas Emission   6.000   6/23/2022  EUR    73.790
BNP Paribas Emission   3.000   6/23/2022  EUR    74.200
BNP Paribas Emission   3.000   6/23/2022  EUR    73.640
BNP Paribas Emission   3.000   6/23/2022  EUR    73.640
BNP Paribas Emission   3.000   6/23/2022  EUR    73.130
BNP Paribas Emission   5.000   9/22/2022  EUR    76.520
BNP Paribas Emission   6.000   9/22/2022  EUR    75.530
BNP Paribas Emission   6.000   9/22/2022  EUR    75.600
BNP Paribas Emission   3.000   9/22/2022  EUR    73.880
Landesbank Baden-Wue   5.000   6/24/2022  EUR    56.830
Vontobel Financial P   7.000   6/24/2022  EUR    63.240
Vontobel Financial P  10.000   6/24/2022  EUR    58.750
Vontobel Financial P  13.500   6/24/2022  EUR    55.080
Vontobel Financial P   7.500   6/24/2022  EUR    72.120
Vontobel Financial P   9.500   6/24/2022  EUR    69.200
Vontobel Financial P  11.500   6/24/2022  EUR    66.540
Vontobel Financial P   7.500   6/24/2022  EUR    71.110
Vontobel Financial P  13.500   6/24/2022  EUR    63.330
Vontobel Financial P  14.000   6/24/2022  EUR    64.210
Vontobel Financial P   6.000   6/24/2022  EUR    75.420
Vontobel Financial P   6.000   6/24/2022  EUR    73.450
Vontobel Financial P   9.000   6/24/2022  EUR    68.940
Vontobel Financial P  10.500   6/24/2022  EUR    66.930
Vontobel Financial P  12.000   6/24/2022  EUR    65.060
Vontobel Financial P   7.000   6/24/2022  EUR    62.070
Zurcher Kantonalbank   8.000   07/01/2022 CHF    62.600
Zurcher Kantonalbank   8.750   07/01/2022 CHF    72.660
Sberbank of Russia P   0.010   6/25/2026  RUB    68.000
Societe Generale Eff   6.750   7/22/2022  EUR    75.490
Societe Generale Eff   8.750   7/22/2022  EUR    72.100
Societe Generale Eff  12.000   7/22/2022  EUR    34.940
Societe Generale Eff  14.000   7/22/2022  EUR    33.240
Societe Generale Eff   8.500   7/22/2022  EUR    61.990
Societe Generale Eff  10.000   7/22/2022  EUR    69.930
Societe Generale Eff  11.000   7/22/2022  EUR    68.410
Vontobel Financial P   8.250   6/24/2022  EUR    75.200
Vontobel Financial P   5.750   6/24/2022  EUR    68.760
Vontobel Financial P  15.000   6/24/2022  EUR    72.000
Vontobel Financial P  15.000   6/24/2022  EUR    64.740
Vontobel Financial P  11.750   6/24/2022  EUR    72.400
Societe Generale Eff   9.000   7/22/2022  EUR    73.480
Societe Generale Eff  11.000   7/22/2022  EUR    69.390
Bank Julius Baer & C  11.000   6/27/2022  CHF    28.000
Vontobel Financial P  14.000   6/24/2022  EUR    39.970
Vontobel Financial P  18.500   6/24/2022  EUR    37.670
Vontobel Financial P   7.000   6/24/2022  EUR    46.770
Vontobel Financial P  20.000   6/24/2022  EUR    65.060
Leonteq Securities A  16.000   6/28/2022  CHF    30.750
Corner Banca SA       17.000   6/28/2022  EUR    73.120
Leonteq Securities A  14.000  12/28/2022  CHF    43.520
Leonteq Securities A  12.000   6/28/2022  CHF    17.900
Leonteq Securities A  13.000   6/28/2022  EUR    70.910
Leonteq Securities A  22.560   6/24/2022  CHF    22.160
Leonteq Securities A  26.030   6/24/2022  CHF    27.280
Raiffeisen Schweiz G  13.000   6/29/2022  CHF    44.380
Raiffeisen Schweiz G  11.000   6/29/2022  CHF    55.810
EFG International Fi  11.780   07/11/2022 USD    59.050
DZ Bank AG Deutsche    9.000   9/21/2022  EUR    61.520
DZ Bank AG Deutsche   11.000   9/21/2022  EUR    62.330
DZ Bank AG Deutsche    6.500   9/21/2022  EUR    65.610
DZ Bank AG Deutsche    6.000   6/22/2022  EUR    64.370
DZ Bank AG Deutsche    5.500   9/21/2022  EUR    74.450
DZ Bank AG Deutsche    5.750   9/21/2022  EUR    74.790
DZ Bank AG Deutsche    5.250   6/22/2022  EUR    67.080
DZ Bank AG Deutsche    6.000   9/21/2022  EUR    62.660
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    73.590
DZ Bank AG Deutsche    6.000   6/22/2022  EUR    69.610
DZ Bank AG Deutsche    5.000   9/21/2022  EUR    70.460
Vontobel Financial P   4.150   7/18/2023  EUR    64.340
Vontobel Financial P   9.400  12/30/2022  CHF    31.890
Erste Group Bank AG   10.750   08/02/2022 EUR    54.100
Erste Group Bank AG    5.500   08/02/2025 EUR    62.500
Leonteq Securities A  20.000   6/29/2022  CHF    31.520
Zurcher Kantonalbank   8.000   07/07/2022 EUR    73.380
Leonteq Securities A   7.030   6/28/2023  CHF    71.730
UniCredit Bank AG     10.100   7/27/2022  EUR    46.190
UniCredit Bank AG      6.300   7/27/2022  EUR    42.000
UniCredit Bank AG      9.800   7/27/2022  EUR    75.620
UniCredit Bank AG      9.250   7/27/2022  EUR    65.750
Zurcher Kantonalbank   8.250   07/07/2022 CHF    76.890
Zurcher Kantonalbank  10.000   07/07/2022 CHF    72.920
Zurcher Kantonalbank  15.750   07/08/2022 USD    48.810
Bank Vontobel AG       6.500   6/26/2023  CHF    59.400
Bank Vontobel AG       6.502   6/26/2023  CHF    59.300
Bank Vontobel AG       7.000  12/27/2022  CHF    58.200
Bank Vontobel AG       5.750   6/26/2023  CHF    69.900
Zurcher Kantonalbank  10.400   07/08/2022 CHF    59.010
Landesbank Baden-Wue   4.150   6/23/2023  EUR    49.540
Landesbank Baden-Wue   2.800   6/23/2023  EUR    51.970
Landesbank Baden-Wue   6.650   6/23/2023  EUR    74.430
Landesbank Baden-Wue   3.800   6/23/2023  EUR    49.960
Landesbank Baden-Wue   2.600   6/23/2023  EUR    53.020
Landesbank Baden-Wue   4.500   6/23/2023  EUR    68.880
Landesbank Baden-Wue   3.350   6/23/2023  EUR    71.060
Landesbank Baden-Wue   2.250   6/23/2023  EUR    74.640
Landesbank Baden-Wue   7.300   6/23/2023  EUR    72.270
Landesbank Baden-Wue   5.350   6/23/2023  EUR    66.260
Landesbank Baden-Wue   4.650   6/23/2023  EUR    67.830
Landesbank Baden-Wue   3.400   6/23/2023  EUR    71.440
Landesbank Baden-Wue   3.500   6/23/2023  EUR    70.080
Landesbank Baden-Wue   2.500   6/23/2023  EUR    76.520
Landesbank Baden-Wue   5.000   6/23/2023  EUR    47.620
Landesbank Baden-Wue   7.250   6/23/2023  EUR    45.410
Landesbank Baden-Wue   5.600   6/23/2023  EUR    47.140
Landesbank Baden-Wue   2.700   6/23/2023  EUR    53.320
Landesbank Baden-Wue   2.650   6/23/2023  EUR    72.680
Landesbank Baden-Wue   1.800   6/23/2023  EUR    75.460
Basler Kantonalbank   10.000   9/30/2022  CHF    76.070
Raiffeisen Switzerla  10.500   07/11/2024 USD    14.570
Vontobel Financial P  15.000   6/24/2022  EUR    67.480
Vontobel Financial P  12.000   6/24/2022  EUR    70.610
Zurcher Kantonalbank  17.000   6/24/2022  CHF    73.400
Goldman Sachs & Co W   8.000   5/25/2022  EUR    71.460
Goldman Sachs & Co W  10.000   7/20/2022  EUR    73.080
Goldman Sachs & Co W   8.000   6/21/2023  EUR    78.060
Bank Julius Baer & C   9.650   7/29/2022  USD    57.500
Sberbank of Russia P   0.010   06/04/2026 RUB    62.800
Bank Julius Baer & C   8.800   09/05/2022 EUR    62.200
Sberbank of Russia P   0.010   06/02/2028 RUB    69.300
Erste Group Bank AG    7.250   6/30/2026  EUR    77.300
UniCredit Bank AG      5.250   07/01/2024 EUR    72.550
UBS AG/London          7.750   5/31/2023  CHF    73.100
UBS AG/London          8.500  11/30/2022  CHF    55.300
UBS AG/London         12.000  11/30/2022  EUR    33.750
UniCredit Bank AG      7.750   5/27/2022  EUR    68.680
Vontobel Financial P   9.000   6/24/2022  EUR    71.650
Vontobel Financial P  17.000   6/24/2022  EUR    70.950
Vontobel Financial P  13.500   6/24/2022  EUR    69.190
Zurcher Kantonalbank  11.200   6/30/2022  CHF    63.280
Zurcher Kantonalbank   6.400   11/07/2022 USD    37.190
Zurcher Kantonalbank  11.000   6/24/2022  CHF    64.870
Zurcher Kantonalbank  20.250   6/24/2022  CHF    57.560
Zurcher Kantonalbank   8.000   05/05/2022 CHF    69.330
Zurcher Kantonalbank  21.500   6/24/2022  USD    47.930
Zurcher Kantonalbank  14.000   6/24/2022  CHF    29.460
Societe Generale Eff  16.500   6/24/2022  EUR    71.960
Societe Generale Eff  10.250   6/24/2022  EUR    51.550
Societe Generale Eff   7.750   7/22/2022  EUR    73.680
Societe Generale Eff   4.500   7/22/2022  EUR    72.160
Societe Generale Eff   6.500   7/22/2022  EUR    66.150
Societe Generale Eff  10.500   7/22/2022  EUR    58.870
Societe Generale Eff   7.000   7/22/2022  EUR    75.440
Societe Generale Eff   8.000   7/22/2022  EUR    73.400
Societe Generale Eff   9.000   7/22/2022  EUR    71.580
Vontobel Financial P  12.250   6/24/2022  EUR    61.560
Vontobel Financial P  16.750   6/24/2022  EUR    71.320
Societe Generale Eff   8.000   7/22/2022  EUR    77.310
Societe Generale Eff  10.000   7/22/2022  EUR    73.530
Societe Generale Eff   4.000   7/22/2022  EUR    51.720
Societe Generale Eff   6.000   7/22/2022  EUR    44.600
Societe Generale Eff   8.000   7/22/2022  EUR    40.100
Societe Generale Eff  10.000   7/22/2022  EUR    37.080
Vontobel Financial P   9.500   6/24/2022  EUR    40.670
Vontobel Financial P  12.000   6/24/2022  EUR    67.340
Societe Generale Eff  13.000   7/22/2022  EUR    66.140
Societe Generale Eff   6.250   7/22/2022  EUR    73.510
Societe Generale Eff   7.250   7/22/2022  EUR    71.200
Societe Generale Eff   8.250   7/22/2022  EUR    69.130
Bank Julius Baer & C   9.000   6/27/2022  CHF    58.400
Vontobel Financial P  10.500   6/24/2022  EUR    43.010
Societe Generale Eff   3.000   6/24/2022  EUR    59.050
Leonteq Securities A   8.000   6/28/2023  CHF    68.810
Leonteq Securities A  18.000   9/28/2022  CHF    58.810
Corner Banca SA       14.000   9/28/2022  CHF    60.480
Leonteq Securities A  17.000   6/28/2022  CHF    30.690
Leonteq Securities A  14.000   6/24/2022  CHF    71.080
Leonteq Securities A   6.400   6/28/2023  CHF    60.430
Leonteq Securities A  17.000   6/28/2022  USD    51.810
Raiffeisen Schweiz G  12.000   6/29/2022  CHF    66.410
Raiffeisen Schweiz G  10.000   6/29/2022  CHF    58.330
Raiffeisen Schweiz G  20.000   6/29/2022  CHF    29.360
DZ Bank AG Deutsche   10.750   9/21/2022  EUR    72.560
DZ Bank AG Deutsche    7.250   6/22/2022  EUR    63.430
DZ Bank AG Deutsche    8.500   9/21/2022  EUR    63.320
DZ Bank AG Deutsche    4.750   9/21/2022  EUR    74.690
DZ Bank AG Deutsche    6.750   9/21/2022  EUR    60.610
DZ Bank AG Deutsche    5.750   6/22/2022  EUR    65.100
Landesbank Baden-Wue   3.400  11/25/2022  EUR    60.720
SG Issuer SA           5.000   04/02/2024 EUR    54.570
Landesbank Baden-Wue   3.400   1/27/2023  EUR    65.410
SG Issuer SA           5.000   5/23/2024  EUR    57.780
UniCredit Bank AG      5.150   01/02/2023 EUR    62.600
Citigroup Global Mar  13.200  12/18/2023  SEK    67.320
Vontobel Financial P  14.500   6/24/2022  EUR    61.250
Vontobel Financial P  10.000   6/24/2022  EUR    67.780
Vontobel Financial P  21.000   6/24/2022  EUR    53.910
Vontobel Financial P  19.000   6/24/2022  EUR    56.110
Vontobel Financial P  15.000   6/24/2022  EUR    69.610
Vontobel Financial P  16.500   6/24/2022  EUR    69.850
Vontobel Financial P   5.550   5/18/2022  EUR    49.530
Raiffeisen Schweiz G  12.000   8/17/2022  CHF    63.490
Raiffeisen Schweiz G   6.500  11/17/2023  CHF    75.720
Vontobel Financial P  15.500   6/24/2022  EUR    67.530
Bank Julius Baer & C  11.200   5/18/2022  CHF    34.350
Bank Julius Baer & C   7.300   5/18/2022  CHF    66.150
Zurcher Kantonalbank  27.000   5/27/2022  USD    66.060
Bank Vontobel AG       6.505   2/20/2023  EUR    67.800
Bank Vontobel AG      10.508   8/19/2022  CHF    36.900
Bank Vontobel AG      10.507   8/19/2022  CHF    36.900
Leonteq Securities A  15.000   8/19/2022  CHF    69.630
Corner Banca SA       19.000   5/23/2022  USD    27.090
Leonteq Securities A  19.000   5/23/2022  USD    61.300
Leonteq Securities A   5.700   8/19/2022  USD    51.590
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    68.540
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    72.420
Bank Julius Baer & C   8.800   5/23/2022  CHF    54.550
DZ Bank AG Deutsche   11.000   6/22/2022  EUR    70.170
Raiffeisen Switzerla   7.700   8/19/2022  CHF    63.970
Bank Vontobel AG      20.004   08/10/2022 CHF    39.100
EFG International Fi  13.000   8/24/2022  CHF    46.030
EFG International Fi   8.200   03/01/2023 USD    45.050
Bank Vontobel AG       7.508   05/12/2022 CHF    62.700
Bank Vontobel AG       6.507   8/17/2022  CHF    69.200
Bank Vontobel AG       6.505   2/27/2023  CHF    59.000
Leonteq Securities A  10.000   06/01/2022 CHF    44.100
Leonteq Securities A   8.000   03/01/2023 CHF    62.200
Leonteq Securities A  11.000   8/26/2022  CHF    37.190
DZ Bank AG Deutsche   16.400   6/24/2022  EUR    59.870
DZ Bank AG Deutsche    9.500   7/22/2022  EUR    67.210
DZ Bank AG Deutsche   10.000   7/22/2022  EUR    68.830
DZ Bank AG Deutsche   10.800   7/22/2022  EUR    71.290
EFG International Fi   6.600   4/29/2022  CHF    72.530
Raiffeisen Switzerla   8.200   11/03/2022 CHF    44.860
Raiffeisen Switzerla   7.000   05/03/2023 CHF    70.260
Vontobel Financial P  11.500   9/23/2022  EUR    71.620
Vontobel Financial P   8.000   9/23/2022  EUR    75.200
Vontobel Financial P  11.500   9/23/2022  EUR    69.550
Vontobel Financial P  14.000   9/23/2022  EUR    67.500
Vontobel Financial P   9.000   6/24/2022  EUR    73.590
Vontobel Financial P  12.000   6/24/2022  EUR    72.570
Vontobel Financial P  14.000   6/24/2022  EUR    69.270
Vontobel Financial P  14.500   9/23/2022  EUR    74.950
Societe Generale SA   15.000   8/30/2024  USD    33.200
Vontobel Financial P  11.000   6/24/2022  EUR    75.100
Vontobel Financial P  16.000   6/24/2022  EUR    68.550
Vontobel Financial P  18.500   6/24/2022  EUR    65.700
Vontobel Financial P   7.000   6/24/2022  EUR    47.620
Bank Vontobel AG      11.006  10/31/2022  CHF    70.800
Bank Vontobel AG      16.500   08/05/2022 CHF    48.700
UBS AG/London         13.000   05/06/2024 USD    39.420
EFG International Fi   6.080   05/05/2022 USD    38.840
Raiffeisen Switzerla   7.000   8/19/2022  CHF    59.290
UBS AG/London          6.500   8/24/2022  CHF    21.960
EFG International Fi  15.000   8/24/2022  CHF    61.500
Leonteq Securities A   9.000   8/26/2022  CHF    59.640
Leonteq Securities A  14.000   8/26/2022  USD    31.810
Leonteq Securities A  12.000   06/01/2022 CHF    26.920
Leonteq Securities A  10.000   5/19/2022  CHF    35.790
DZ Bank AG Deutsche    8.000   6/20/2022  EUR    69.490
Raiffeisen Centroban  10.000   3/24/2023  EUR    41.030
Leonteq Securities A  14.000   5/19/2022  CHF    32.800
EFG International Fi   4.500   2/26/2024  USD    53.180
Bank Vontobel AG       7.500   7/18/2022  CHF    67.600
Leonteq Securities A  10.000   1/19/2023  USD    23.740
Leonteq Securities A  11.000   1/19/2023  CHF    60.730
Leonteq Securities A  12.000   6/28/2022  CHF    64.030
Vontobel Financial P   7.000   9/23/2022  EUR    51.220
Vontobel Financial P  15.500   6/24/2022  EUR    41.930
Vontobel Financial P   4.500   9/23/2022  EUR    63.360
Vontobel Financial P   7.500   9/23/2022  EUR    57.560
Vontobel Financial P  13.500   9/23/2022  EUR    51.920
Vontobel Financial P   8.500   6/24/2022  EUR    55.630
Vontobel Financial P   9.500   6/24/2022  EUR    43.070
Vontobel Financial P  11.000   6/24/2022  EUR    41.770
Vontobel Financial P  13.500   9/23/2022  EUR    41.760
Vontobel Financial P  14.500   6/24/2022  EUR    39.570
Vontobel Financial P  12.500   6/24/2022  EUR    40.580
EFG International Fi   7.000  12/29/2022  USD     6.350
Credit Suisse AG/Lon  16.300  12/26/2023  USD    46.920
EFG International Fi   8.160   2/26/2025  EUR    75.240
Vontobel Financial P  18.500   6/24/2022  EUR    65.390
Vontobel Financial P  18.500   6/24/2022  EUR    73.930
Vontobel Financial P  14.500   6/24/2022  EUR    65.250
Vontobel Financial P  14.500   6/24/2022  EUR    61.700
Vontobel Financial P  16.000   6/24/2022  EUR    53.310
Vontobel Financial P  20.500   6/24/2022  EUR    59.460
Vontobel Financial P  11.000   6/24/2022  EUR    70.040
Vontobel Financial P  18.000   6/24/2022  EUR    55.950
EFG International Fi   6.100   4/29/2022  CHF    72.030
Zurcher Kantonalbank   8.500   08/11/2022 CHF    67.780
Raiffeisen Switzerla   6.500   11/03/2022 CHF    65.690
Raiffeisen Schweiz G  12.000   05/03/2022 USD    42.350
Landesbank Baden-Wue   3.000   8/26/2022  EUR    76.110
Landesbank Baden-Wue   5.000   8/26/2022  EUR    71.270
Societe Generale SA   16.000   8/30/2024  USD    28.200
Vontobel Financial P  15.500   6/24/2022  EUR    74.050
Vontobel Financial P   7.000   6/24/2022  EUR    77.480
Vontobel Financial P  15.500   6/24/2022  EUR    65.850
Vontobel Financial P  12.500   6/24/2022  EUR    68.610
Vontobel Financial P  16.000   9/23/2022  EUR    65.520
Vontobel Financial P  11.500   9/23/2022  EUR    73.270
Vontobel Financial P  14.000   6/24/2022  EUR    70.940
Vontobel Financial P  13.500   9/23/2022  EUR    69.870
Vontobel Financial P   8.500   6/24/2022  EUR    78.740
Vontobel Financial P  13.000   9/23/2022  EUR    43.330
Vontobel Financial P  13.500   6/24/2022  EUR    71.700
Vontobel Financial P  12.000   6/24/2022  EUR    42.720
Vontobel Financial P   9.500   9/23/2022  EUR    45.860
Vontobel Financial P   8.500   6/24/2022  EUR    45.790
DZ Bank AG Deutsche    5.250   6/22/2022  EUR    73.090
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    70.320
BrokerCreditService   14.000   09/09/2022 USD    45.000
Bank Vontobel AG       9.006  10/31/2022  CHF    35.100
Bank Vontobel AG      11.501   05/02/2022 EUR    68.700
Zurcher Kantonalbank   6.100   2/13/2023  EUR    72.110
Societe Generale SA   10.000   8/30/2024  USD    47.850
Sberbank of Russia P   0.010   08/06/2026 RUB    70.900
Bank Julius Baer & C   8.400   08/08/2022 EUR    70.750
Bank Julius Baer & C  15.000   08/04/2022 CHF    33.150
Vontobel Financial P  18.000   6/24/2022  EUR    60.970
Vontobel Financial P   7.500   6/24/2022  EUR    71.660
Vontobel Financial P   8.000   6/24/2022  EUR    69.350
Vontobel Financial P  16.500   6/24/2022  EUR    54.340
Leonteq Securities A  28.120   08/04/2022 CHF    36.030
Leonteq Securities A   3.280   08/03/2022 EUR    75.850
DZ Bank AG Deutsche   13.700   9/23/2022  EUR    62.970
DZ Bank AG Deutsche   12.900   9/23/2022  EUR    72.250
Zurcher Kantonalbank   7.000   08/11/2022 CHF    70.700
Sberbank of Russia P   0.010   08/05/2026 RUB    68.300
Vontobel Financial P   5.500   09/09/2022 EUR    75.630
DekaBank Deutsche Gi   1.000   1/20/2025  EUR    44.660
Sberbank of Russia P   0.010  12/17/2025  RUB    63.100
UBS AG/London          7.500   6/23/2022  CHF    61.050
UBS AG/London         13.000   6/23/2022  CHF    35.150
UBS AG/London          8.750   6/23/2022  CHF    34.550
Bank Vontobel AG      10.500   1/16/2023  CHF    53.600
Bank Vontobel AG      10.000   1/16/2023  EUR    75.100
Bank Vontobel AG      10.000   7/18/2022  EUR    69.600
DekaBank Deutsche Gi   2.500   02/02/2024 EUR    54.930
Leonteq Securities A  10.000   7/19/2022  CHF    18.700
Vontobel Financial P   6.000   6/24/2022  EUR    51.960
Vontobel Financial P   6.000   9/23/2022  EUR    60.250
Vontobel Financial P   9.500   9/23/2022  EUR    55.390
Vontobel Financial P  13.500   6/24/2022  EUR    50.750
Vontobel Financial P   8.000   6/24/2022  EUR    44.480
Vontobel Financial P  12.000   9/23/2022  EUR    42.400
Vontobel Financial P  16.000   6/24/2022  EUR    38.570
EFG International Fi   4.900  12/28/2023  USD    58.900
Leonteq Securities A  16.000   6/21/2022  USD    32.270
Leonteq Securities A  12.000   7/15/2022  CHF    55.540
Leonteq Securities A  24.610   7/15/2022  CHF    46.990
Leonteq Securities A  20.000   7/13/2022  CHF    35.080
Leonteq Securities A   9.000   7/15/2022  CHF    67.340
Vontobel Financial P  14.500   6/24/2022  EUR    62.940
Vontobel Financial P  12.000   6/24/2022  EUR    70.740
EFG International Fi  18.000   7/14/2022  CHF    71.750
Societe Generale Eff  14.000   6/24/2022  EUR    67.030
Raiffeisen Schweiz G  13.200   08/02/2022 USD    29.510
Zurcher Kantonalbank  29.250   08/09/2022 CHF    50.970
Credit Suisse AG/Lon   8.000   08/03/2022 CHF    33.900
Vontobel Financial P  19.000   6/24/2022  EUR    61.130
Bank Julius Baer & C   8.250   05/04/2022 CHF    61.000
DZ Bank AG Deutsche   11.100   7/22/2022  EUR    74.920
DZ Bank AG Deutsche   12.300   7/22/2022  EUR    63.800
DZ Bank AG Deutsche   15.600   6/24/2022  EUR    69.390
DZ Bank AG Deutsche   11.800   7/22/2022  EUR    73.260
Credit Suisse AG/Lon   7.250   9/19/2022  CHF    79.540
Credit Suisse AG/Lon  11.000   6/20/2022  USD    37.760
Raiffeisen Schweiz G  12.500   08/02/2022 CHF    40.000
Zurcher Kantonalbank  19.000   08/10/2022 CHF    60.220
DZ Bank AG Deutsche    7.250   8/24/2022  EUR    65.730
Vontobel Financial P  11.000   6/24/2022  EUR    64.120
Vontobel Financial P  12.000   6/24/2022  EUR    66.440
Vontobel Financial P  15.000   6/24/2022  EUR    58.250
Vontobel Financial P  17.000   6/24/2022  EUR    60.810
Bank Julius Baer & C   7.650   05/04/2022 CHF    73.000
Corner Banca SA       14.000   11/02/2022 CHF    31.880
Zurcher Kantonalbank  14.000   05/11/2022 CHF    71.370
Leonteq Securities A  10.000   1/30/2023  USD    38.590
Leonteq Securities A  20.000   08/03/2022 CHF    34.840
DZ Bank AG Deutsche    6.250   8/24/2022  EUR    70.760
DZ Bank AG Deutsche    8.000   8/24/2022  EUR    70.090
DZ Bank AG Deutsche    6.750   9/21/2022  EUR    78.240
Raiffeisen Schweiz G  10.000   08/02/2022 CHF    45.000
Raiffeisen Schweiz G  13.000   08/02/2022 CHF    62.520
Zurcher Kantonalbank  12.750   05/11/2022 CHF    62.370
Vontobel Financial P  15.750   08/03/2022 EUR    28.200
Vontobel Financial P  19.000   6/24/2022  EUR    53.590
Leonteq Securities A  11.000   7/29/2022  CHF    65.490
Vontobel Financial P  12.500   6/24/2022  EUR    71.380
Vontobel Financial P  14.750   6/24/2022  EUR    27.120
Vontobel Financial P  17.750   6/24/2022  EUR    30.350
Vontobel Financial P  11.750   6/24/2022  EUR    36.900
Corner Banca SA       12.500  10/31/2022  CHF    76.420
UniCredit Bank AG      4.250   07/01/2022 USD    73.820
Societe Generale Eff   8.750   6/24/2022  EUR    31.980
Zurcher Kantonalbank  12.500   08/09/2022 EUR    54.940
Bank Vontobel AG       7.550   1/30/2023  CHF    68.300
DZ Bank AG Deutsche    5.000   8/24/2022  EUR    77.530
DZ Bank AG Deutsche    5.750   9/21/2022  EUR    68.570
DZ Bank AG Deutsche    5.250   6/22/2022  EUR    57.010
Societe Generale Eff   3.000   6/24/2022  EUR    47.220
Bank Julius Baer & C   9.500   11/03/2022 CHF    67.150
Zurcher Kantonalbank  20.000   08/10/2022 USD    50.060
Zurcher Kantonalbank  30.000   08/09/2022 USD    36.720
DZ Bank AG Deutsche    6.750  12/21/2022  EUR    75.440
Leonteq Securities A   6.200   5/20/2022  EUR    52.940
Societe Generale Eff   5.750   5/27/2022  EUR    49.870
Societe Generale Eff  15.750   5/27/2022  EUR    32.800
Vontobel Financial P  12.250   6/24/2022  EUR    64.290
Vontobel Financial P  10.500   6/24/2022  EUR    51.190
Landesbank Baden-Wue   3.500  12/22/2023  EUR    73.310
DZ Bank AG Deutsche    5.000   6/20/2022  EUR    75.380
DZ Bank AG Deutsche    6.500   6/20/2022  EUR    72.620
VTB Bank PJSC          0.010   7/29/2026  RUB    58.000
Raiffeisen Schweiz G  13.000  10/18/2022  CHF    34.660
Leonteq Securities A  24.240  10/19/2022  CHF    40.050
UniCredit Bank AG      6.800  11/16/2022  EUR    34.710
UniCredit Bank AG      5.050  11/16/2022  EUR    51.390
Societe Generale Eff  18.000   5/27/2022  EUR    75.410
Vontobel Financial P  15.000  12/23/2022  EUR    74.460
Vontobel Financial P  16.500  12/23/2022  EUR    71.750
Vontobel Financial P  14.000  12/23/2022  EUR    73.810
Vontobel Financial P  14.500  12/23/2022  EUR    75.090
Vontobel Financial P  11.000  12/23/2022  EUR    72.090
Vontobel Financial P   4.500  12/23/2022  EUR    75.240
Vontobel Financial P   8.500  12/23/2022  EUR    70.920
Sberbank of Russia P   0.010   06/03/2026 RUB    68.800
DZ Bank AG Deutsche   15.400   6/24/2022  EUR    71.170
EFG International Fi  24.000   06/07/2022 USD    25.850
Raiffeisen Schweiz G   8.000  11/28/2022  CHF    70.090
Zurcher Kantonalbank  10.500   06/10/2022 CHF    70.930
Zurcher Kantonalbank  19.000   06/10/2022 USD    53.660
Zurcher Kantonalbank  22.750   06/10/2022 USD    38.260
Zurcher Kantonalbank  21.750   06/10/2022 CHF    48.780
Zurcher Kantonalbank  13.000   06/10/2022 CHF    44.440
Raiffeisen Schweiz G  12.000   06/01/2022 CHF    44.960
Raiffeisen Schweiz G  14.000   06/01/2022 CHF    68.110
Vontobel Financial P  26.350   06/06/2022 EUR    31.710
Vontobel Financial P  20.000   6/24/2022  EUR    32.670
Vontobel Financial P  16.500   6/24/2022  EUR    18.960
Vontobel Financial P  14.500   6/24/2022  EUR    72.230
Societe Generale SA   18.000   07/03/2024 USD    40.000
UniCredit Bank AG     13.300   07/07/2022 EUR    71.530
Sberbank of Russia P   0.010   7/24/2025  RUB    77.000
DekaBank Deutsche Gi   2.800   09/01/2023 EUR    66.540
Landesbank Baden-Wue   3.100   8/26/2022  EUR    73.860
Goldman Sachs & Co W  25.000   5/25/2022  EUR    74.690
Goldman Sachs & Co W  10.000   5/25/2022  EUR    71.740
Goldman Sachs & Co W  23.000   5/25/2022  EUR    52.900
Goldman Sachs & Co W   9.000   6/22/2022  EUR    72.330
Goldman Sachs & Co W  18.000   6/22/2022  EUR    58.840
Goldman Sachs & Co W  14.000   9/21/2022  EUR    63.990
Goldman Sachs & Co W  10.000  12/21/2022  EUR    71.110
Goldman Sachs & Co W  15.000  12/21/2022  EUR    62.990
Goldman Sachs & Co W  16.000  12/21/2022  EUR    61.810
Goldman Sachs & Co W   6.000   3/22/2023  EUR    75.690
Goldman Sachs & Co W   8.000   3/22/2023  EUR    74.500
Goldman Sachs & Co W  15.000   3/22/2023  EUR    65.140
Bank Julius Baer & C   6.600   7/13/2022  CHF    64.500
Sberbank of Russia P   0.010   08/07/2025 RUB    66.700
VTB Bank PJSC          0.010   7/25/2023  RUB    67.000
Sberbank of Russia P   1.219   7/23/2025  RUB    71.200
Basler Kantonalbank    7.600   4/13/2023  CHF    66.360
Bank Vontobel AG       8.001   10/07/2022 CHF    38.900
Bank Vontobel AG       6.008   04/11/2023 EUR    66.200
Bank Vontobel AG      10.010   10/07/2022 EUR    71.600
Raiffeisen Schweiz G   6.500   07/12/2022 CHF    64.350
Vontobel Financial P   8.500   6/24/2022  EUR    72.540
Vontobel Financial P  10.000   6/24/2022  EUR    70.290
Vontobel Financial P  14.500   6/24/2022  EUR    63.490
Vontobel Financial P  10.500   6/24/2022  EUR    69.180
Vontobel Financial P   9.000   6/24/2022  EUR    69.480
Vontobel Financial P  12.000   6/24/2022  EUR    64.050
Vontobel Financial P   8.000   6/24/2022  EUR    72.680
Vontobel Financial P   2.000   6/24/2022  EUR    71.480
Vontobel Financial P  11.500   6/24/2022  EUR    56.820
Vontobel Financial P   7.000   6/24/2022  EUR    61.600
Vontobel Financial P   7.500   6/24/2022  EUR    73.850
Vontobel Financial P  15.000   6/24/2022  EUR    60.670
Vontobel Financial P  11.000   6/24/2022  EUR    66.460
Vontobel Financial P  14.000   6/24/2022  EUR    61.690
Vontobel Financial P  19.000   6/24/2022  EUR    56.030
Vontobel Financial P   8.500   6/24/2022  EUR    70.620
Vontobel Financial P  13.500   6/24/2022  EUR    62.850
Vontobel Financial P  19.500   6/24/2022  EUR    55.160
Vontobel Financial P  17.500   6/24/2022  EUR    57.780
Vontobel Financial P   6.500   6/24/2022  EUR    76.110
Vontobel Financial P   3.500   6/24/2022  EUR    67.760
Vontobel Financial P  15.000   6/24/2022  EUR    73.680
Vontobel Financial P   6.500   6/24/2022  EUR    75.500
Basler Kantonalbank    9.400   05/05/2022 CHF    67.930
Vontobel Financial P   5.500   6/24/2022  EUR    58.090
Vontobel Financial P  10.000   6/24/2022  EUR    69.460
UBS AG/London          7.250  10/21/2022  EUR    75.900
UBS AG/London         13.250  10/21/2022  CHF    57.300
UBS AG/London         13.250  10/21/2022  CHF    61.300
Vontobel Financial P  11.500   6/24/2022  EUR    46.280
Vontobel Financial P  17.500   6/24/2022  EUR    64.010
Vontobel Financial P  15.500   6/24/2022  EUR    71.950
Leonteq Securities A  21.530   5/17/2022  CHF    24.390
UniCredit Bank AG      6.500   9/15/2022  EUR    32.170
UniCredit Bank AG      8.500   6/16/2022  EUR    46.590
Bank Julius Baer & C   9.300   7/22/2022  USD    53.900
Vontobel Financial P   6.000   6/24/2022  EUR    34.480
Vontobel Financial P  11.000   6/24/2022  EUR    30.120
Vontobel Financial P  13.000   6/24/2022  EUR    28.410
Vontobel Financial P  15.500   6/24/2022  EUR    64.410
Vontobel Financial P   8.500   6/24/2022  EUR    32.090
Raiffeisen Switzerla  12.000   7/19/2022  EUR    64.970
Vontobel Financial P   8.000   6/24/2022  EUR    40.720
Vontobel Financial P  13.000   6/24/2022  EUR    35.450
Vontobel Financial P  16.000   6/24/2022  EUR    33.540
Vontobel Financial P   5.500   6/24/2022  EUR    44.250
Vontobel Financial P  15.500   6/24/2022  EUR    53.760
Vontobel Financial P  13.500   6/24/2022  EUR    56.470
Vontobel Financial P   7.000   6/24/2022  EUR    45.220
Vontobel Financial P   9.000   6/24/2022  EUR    42.210
Vontobel Financial P   6.000   6/24/2022  EUR    46.930
Vontobel Financial P  11.500   6/24/2022  EUR    39.740
Vontobel Financial P  10.500   6/24/2022  EUR    40.960
Vontobel Financial P   8.000   6/24/2022  EUR    43.600
Vontobel Financial P  13.000   6/24/2022  EUR    38.700
Vontobel Financial P  16.500   6/24/2022  EUR    35.870
Vontobel Financial P  15.500   6/24/2022  EUR    36.770
Vontobel Financial P  14.000   6/24/2022  EUR    37.660
Vontobel Financial P  10.500   6/24/2022  EUR    37.830
Vontobel Financial P   9.000   6/24/2022  EUR    62.910
Vontobel Financial P  11.000   6/24/2022  EUR    59.420
Vontobel Financial P   8.000   6/24/2022  EUR    63.340
Vontobel Financial P  17.000   6/24/2022  EUR    52.360
Vontobel Financial P  11.500   6/24/2022  EUR    70.990
Vontobel Financial P  10.500   6/24/2022  EUR    58.960
Vontobel Financial P   5.500   6/24/2022  EUR    68.560
Vontobel Financial P  14.000   6/24/2022  EUR    55.430
Vontobel Financial P   6.000   6/24/2022  EUR    58.240
Landesbank Baden-Wue   2.750   9/23/2022  EUR    58.970
UniCredit Bank AG      3.000   11/12/2022 EUR    61.090
DZ Bank AG Deutsche   16.000   9/23/2022  EUR    62.810
DZ Bank AG Deutsche    8.100  12/23/2022  EUR    70.440
DZ Bank AG Deutsche   13.600  12/23/2022  EUR    64.850
DZ Bank AG Deutsche   12.100  12/23/2022  EUR    73.470
DZ Bank AG Deutsche   12.500   9/23/2022  EUR    73.330
DZ Bank AG Deutsche   10.400  12/23/2022  EUR    74.630
DZ Bank AG Deutsche    7.700  12/23/2022  EUR    72.340
DZ Bank AG Deutsche   12.200  12/23/2022  EUR    68.280
DZ Bank AG Deutsche   16.800  12/23/2022  EUR    64.150
Societe Generale Eff   9.000  10/28/2022  EUR    71.590
Societe Generale Eff   7.750   5/27/2022  EUR    76.600
Societe Generale Eff   8.750   5/27/2022  EUR    75.060
Societe Generale Eff   9.750   5/27/2022  EUR    73.740
Societe Generale Eff  10.750   5/27/2022  EUR    72.540
Societe Generale Eff  11.750   5/27/2022  EUR    71.480
Societe Generale Eff  12.750   5/27/2022  EUR    70.510
Societe Generale Eff  11.000   6/24/2022  EUR    72.680
Societe Generale Eff  10.000   7/22/2022  EUR    74.130
Societe Generale Eff   8.000   8/26/2022  EUR    76.960
Societe Generale Eff   8.750  10/28/2022  EUR    76.010
Vontobel Financial P   9.500  12/23/2022  EUR    33.760
Zurcher Kantonalbank  20.500   11/04/2022 CHF    67.550
Vontobel Financial P   7.000  12/23/2022  EUR    75.910
Vontobel Financial P  13.000  12/23/2022  EUR    71.140
Vontobel Financial P  15.000  12/23/2022  EUR    70.580
Vontobel Financial P  11.500  12/23/2022  EUR    72.150
Vontobel Financial P  16.500  12/23/2022  EUR    69.790
Vontobel Financial P  10.000  12/23/2022  EUR    73.270
Vontobel Financial P  15.500  12/23/2022  EUR    73.070
Vontobel Financial P  12.000  12/23/2022  EUR    74.860
Vontobel Financial P  14.500  12/23/2022  EUR    73.720
Vontobel Financial P  13.000  12/23/2022  EUR    74.100
UBS AG/London          7.250   11/10/2023 CHF    62.500
UBS AG/London         14.000   11/10/2022 CHF    75.500
UBS AG/London          8.500   11/10/2023 CHF    75.300
UBS AG/London          9.250   11/10/2023 CHF    70.050
UBS AG/London          9.750   05/10/2023 USD    63.850
Vontobel Financial P   8.500  12/23/2022  EUR    74.760
Vontobel Financial P  14.000  12/23/2022  EUR    70.560
Vontobel Financial P   7.500  12/23/2022  EUR    66.280
Vontobel Financial P  11.000  12/23/2022  EUR    68.590
Vontobel Financial P   6.000  12/23/2022  EUR    65.460
Vontobel Financial P   8.000  12/23/2022  EUR    68.320
Vontobel Financial P   5.000  12/23/2022  EUR    65.700
Raiffeisen Switzerla  17.500   11/08/2022 USD    52.620
Raiffeisen Schweiz G   7.700   11/08/2023 CHF    71.140
Societe Generale Eff  11.250   7/22/2022  EUR    72.040
Societe Generale Eff  12.250   7/22/2022  EUR    71.010
Societe Generale Eff  13.250   7/22/2022  EUR    70.080
Societe Generale Eff   9.250   8/26/2022  EUR    74.590
Societe Generale Eff  10.250   8/26/2022  EUR    73.260
Societe Generale Eff  11.250   8/26/2022  EUR    72.150
Societe Generale Eff  12.250   8/26/2022  EUR    71.160
Societe Generale Eff   8.500   9/23/2022  EUR    75.530
Societe Generale Eff   9.500   9/23/2022  EUR    74.200
Societe Generale Eff  10.500   9/23/2022  EUR    73.000
Societe Generale Eff  15.000   5/27/2022  EUR    68.100
Societe Generale Eff  12.000   6/24/2022  EUR    71.100
Societe Generale Eff  12.000  10/28/2022  EUR    71.670
Bank Vontobel AG      14.505  11/14/2022  EUR    80.100
Bank Vontobel AG      14.505  11/14/2022  EUR    80.100
Societe Generale Eff  11.250   5/27/2022  EUR    33.570
Societe Generale Eff  13.250   5/27/2022  EUR    31.480
DZ Bank AG Deutsche    7.500   6/22/2022  EUR    69.340
DZ Bank AG Deutsche    6.250   9/21/2022  EUR    70.760
DZ Bank AG Deutsche    5.000   9/21/2022  EUR    73.630
DZ Bank AG Deutsche    7.000   9/21/2022  EUR    72.370
DZ Bank AG Deutsche   11.750   6/22/2022  EUR    60.260
DZ Bank AG Deutsche    8.500   6/22/2022  EUR    73.550
Societe Generale Eff  15.250   5/27/2022  EUR    29.750
DekaBank Deutsche Gi   5.100   6/15/2022  EUR    74.720
Leonteq Securities A  20.940   5/19/2022  CHF    65.950
Corner Banca SA        6.500  11/21/2022  CHF    41.200
Zurcher Kantonalbank  13.250   5/31/2022  CHF    60.840
Zurcher Kantonalbank   5.000   5/31/2022  CHF    70.870
UBS AG/London          7.250  11/21/2022  CHF    66.900
UBS AG/London         10.250  11/21/2022  CHF    38.400
UBS AG/London          5.250   5/19/2023  CHF    73.150
Vontobel Financial P  14.000   6/24/2022  EUR    74.210
Vontobel Financial P   9.500   6/24/2022  EUR    74.180
Vontobel Financial P   4.000   6/24/2022  EUR    58.520
Vontobel Financial P  16.500   6/24/2022  EUR    49.960
Basler Kantonalbank    8.000   4/28/2022  CHF    74.790
Bank Vontobel AG       8.502  10/17/2022  EUR    74.900
Bank Vontobel AG       9.001  10/17/2022  CHF    75.000
Raiffeisen Switzerla  12.500   05/10/2022 EUR    27.640
DZ Bank AG Deutsche    5.800   6/20/2022  EUR    75.850
DZ Bank AG Deutsche    5.400   6/20/2022  EUR    74.370
Corner Banca SA       16.000   08/10/2022 EUR    67.280
Zurcher Kantonalbank   8.500   5/19/2022  CHF    74.030
Vontobel Financial P   3.500   6/24/2022  EUR    60.030
Bank Julius Baer & C  16.000   05/11/2022 EUR    22.550
Vontobel Financial P  14.000   6/24/2022  EUR    71.820
Vontobel Financial P   8.000   6/24/2022  EUR    51.280
Vontobel Financial P  20.000   6/24/2022  EUR    75.670
EFG International Fi   5.800   4/26/2023  EUR    40.020
Litana-Kaliningrad O  13.000   05/01/2024 RUB    58.640
Leonteq Securities A  12.000   7/22/2022  CHF    65.140
Vontobel Financial P  15.500   6/24/2022  EUR    27.050
Credit Suisse AG/Lon  12.500   8/22/2022  CHF    69.990
Leonteq Securities A  30.000  10/18/2022  CHF    62.530
Sberbank of Russia P   0.010   5/25/2026  RUB    69.700
Societe Generale Eff  15.000   5/27/2022  EUR    73.210
Societe Generale Eff  11.750   5/27/2022  EUR    37.110
Vontobel Financial P   5.750   6/24/2022  EUR    75.600
DZ Bank AG Deutsche    5.700   9/19/2022  EUR    73.940
Raiffeisen Schweiz G  18.000  10/19/2022  CHF    54.750
Raiffeisen Schweiz G  20.000  10/19/2022  CHF    35.890
Erste Group Bank AG    8.700   11/12/2026 EUR
UniCredit Bank AG      9.250  11/16/2022  EUR    39.590
UniCredit Bank AG      6.550  11/16/2022  EUR    60.220
Epito-Es Epuletkarba   3.000   11/11/2030 HUF    73.600
Raiffeisen Schweiz G  10.250   02/06/2023 CHF    62.430
Sberbank of Russia P   0.010   11/05/2025 RUB    69.400
Leonteq Securities A  20.000   08/10/2022 CHF    37.690
Leonteq Securities A  22.310   08/10/2022 USD    22.480
Zurcher Kantonalbank  10.000   8/18/2022  CHF    57.130
Zurcher Kantonalbank  10.000   8/18/2022  CHF    73.580
Zurcher Kantonalbank   8.000   8/18/2022  CHF    76.440
DZ Bank AG Deutsche   12.700   9/23/2022  EUR    72.780
DZ Bank AG Deutsche   14.500   6/24/2022  EUR    66.040
DZ Bank AG Deutsche   14.400   6/24/2022  EUR    77.670
DZ Bank AG Deutsche    7.100   9/23/2022  EUR    69.270
DZ Bank AG Deutsche    9.500   9/23/2022  EUR    64.710
DZ Bank AG Deutsche   11.300   9/23/2022  EUR    71.610
DZ Bank AG Deutsche   11.100   9/23/2022  EUR    48.650
DZ Bank AG Deutsche   14.900   9/23/2022  EUR    74.700
Vontobel Financial P   9.000   9/23/2022  EUR    70.250
Vontobel Financial P  10.500   9/23/2022  EUR    68.730
Vontobel Financial P  13.000   6/24/2022  EUR    66.580
Vontobel Financial P   9.000   6/24/2022  EUR    70.380
Vontobel Financial P  11.000   6/24/2022  EUR    68.400
Vontobel Financial P  15.000   6/24/2022  EUR    64.870
Vontobel Financial P  11.000   6/24/2022  EUR    68.890
Vontobel Financial P  16.000   9/23/2022  EUR    73.100
Vontobel Financial P  12.250   6/24/2022  EUR    51.300
Raiffeisen Schweiz G  12.000   07/12/2022 CHF    71.960
Raiffeisen Schweiz G  14.000   07/12/2022 CHF    32.140
Bank Julius Baer & C   6.700  10/13/2022  CHF    69.200
DZ Bank AG Deutsche    5.200  12/19/2022  EUR    73.110
DZ Bank AG Deutsche    7.250  12/19/2022  EUR    75.060
Vontobel Financial P  12.000   08/09/2022 EUR    63.640
Leonteq Securities A  14.880   08/09/2022 CHF    62.000
DZ Bank AG Deutsche    5.500   6/22/2022  EUR    67.120
DZ Bank AG Deutsche    7.250   6/22/2022  EUR    75.260
DZ Bank AG Deutsche    8.250   8/24/2022  EUR    68.520
Vontobel Financial P  11.000   6/24/2022  EUR    72.230
Vontobel Financial P  16.500   6/24/2022  EUR    65.000
Vontobel Financial P  20.000   6/24/2022  EUR    62.140
Vontobel Financial P  14.000   6/24/2022  EUR    68.430
Vontobel Financial P  18.500   9/23/2022  EUR    53.840
Vontobel Financial P  24.000   6/24/2022  EUR    52.020
Vontobel Financial P   8.000   9/23/2022  EUR    75.440
Vontobel Financial P   8.000   6/24/2022  EUR    73.690
Vontobel Financial P  10.000   9/23/2022  EUR    73.680
Vontobel Financial P  12.000   9/23/2022  EUR    70.490
Vontobel Financial P  14.000   9/23/2022  EUR    67.650
Vontobel Financial P  16.500   9/23/2022  EUR    65.360
Vontobel Financial P  19.000   9/23/2022  EUR    63.380
Vontobel Financial P  13.500   6/24/2022  EUR    70.440
Vontobel Financial P  15.500   9/23/2022  EUR    68.350
Raiffeisen Schweiz G   9.500   02/06/2023 USD    50.360
Raiffeisen Schweiz G  12.000   11/09/2022 CHF    39.830
Sberbank of Russia P   0.010  10/28/2024  RUB    73.200
DZ Bank AG Deutsche   17.400   6/24/2022  EUR    65.930
DZ Bank AG Deutsche   18.500   9/23/2022  EUR    64.570
DZ Bank AG Deutsche   12.600   9/23/2022  EUR    68.790
DZ Bank AG Deutsche   12.800   9/23/2022  EUR    58.950
DZ Bank AG Deutsche   16.400   9/23/2022  EUR    62.500
DZ Bank AG Deutsche   18.000   9/23/2022  EUR    60.080
DZ Bank AG Deutsche   23.000   9/23/2022  EUR    54.470
DZ Bank AG Deutsche   12.700   9/23/2022  EUR    46.880
DZ Bank AG Deutsche   14.500   9/23/2022  EUR    45.610
Vontobel Financial P  12.000   9/23/2022  EUR    67.320
Vontobel Financial P  14.000   9/23/2022  EUR    66.690
Vontobel Financial P  12.000   9/23/2022  EUR    67.770
Vontobel Financial P  15.000   6/24/2022  EUR    65.330
Vontobel Financial P   6.000   6/24/2022  EUR    75.530
Vontobel Financial P  21.500   6/24/2022  EUR    72.650
Vontobel Financial P  18.000   6/24/2022  EUR    75.690
Vontobel Financial P  18.500   6/24/2022  EUR    70.990
Vontobel Financial P  10.000   6/24/2022  EUR    68.210
Vontobel Financial P   6.250   6/24/2022  EUR    67.940
Vontobel Financial P  12.500   6/24/2022  EUR    41.990
UniCredit Bank AG     10.150   09/07/2022 EUR    72.910
UniCredit Bank AG      7.450   09/07/2022 EUR    50.980
UniCredit Bank AG      9.650   09/07/2022 EUR    35.000
DZ Bank AG Deutsche   14.100   6/24/2022  EUR    61.160
DZ Bank AG Deutsche   10.500   9/23/2022  EUR    66.850
DZ Bank AG Deutsche   12.300   9/23/2022  EUR    67.090
DZ Bank AG Deutsche   14.300   9/23/2022  EUR    61.260
DZ Bank AG Deutsche   16.500   9/23/2022  EUR    61.880
DZ Bank AG Deutsche   17.100   9/23/2022  EUR    68.900
DZ Bank AG Deutsche   15.100   6/24/2022  EUR    75.980
DZ Bank AG Deutsche   20.100   9/23/2022  EUR    21.290
DZ Bank AG Deutsche   16.300   9/23/2022  EUR    55.120
DZ Bank AG Deutsche   18.300   9/23/2022  EUR    52.940
DZ Bank AG Deutsche   20.400   9/23/2022  EUR    51.130
DZ Bank AG Deutsche    6.500   9/23/2022  EUR    73.440
DZ Bank AG Deutsche    8.600   9/23/2022  EUR    70.520
DZ Bank AG Deutsche   11.100   9/23/2022  EUR    67.980
DZ Bank AG Deutsche   20.800   9/23/2022  EUR    46.720
DZ Bank AG Deutsche   15.400   9/23/2022  EUR    30.890
DZ Bank AG Deutsche   18.000   9/23/2022  EUR    30.180
DZ Bank AG Deutsche    8.400   9/23/2022  EUR    70.810
Goldman Sachs & Co W   5.000   9/21/2022  EUR    74.370
Goldman Sachs & Co W   5.000   5/25/2022  EUR    72.920
Goldman Sachs & Co W   5.000   6/22/2022  EUR    73.300
Goldman Sachs & Co W   5.000   7/20/2022  EUR    73.670
Goldman Sachs & Co W   5.000   8/24/2022  EUR    74.070
DZ Bank AG Deutsche   20.200   6/24/2022  EUR    26.030
DZ Bank AG Deutsche   12.900   9/23/2022  EUR    31.930
Societe Generale Eff   6.750   5/27/2022  EUR    36.850
Societe Generale Eff   5.250   5/27/2022  EUR    77.120
Societe Generale Eff   9.250   5/27/2022  EUR    65.430
Societe Generale Eff  14.750   5/27/2022  EUR    26.470
Societe Generale Eff  10.250   5/27/2022  EUR    63.330
Erste Group Bank AG    9.500   3/29/2024  EUR    65.100
Zurcher Kantonalbank  11.000   7/15/2022  CHF    42.830
Bank Vontobel AG       6.000   01/04/2023 CHF    65.300
Bank Vontobel AG       8.500   01/03/2023 EUR    70.500
Bank Vontobel AG      11.250   01/03/2023 EUR    73.500
Bank Vontobel AG      11.250   01/03/2023 EUR    73.500
Bank Vontobel AG      17.500   07/04/2022 CHF    27.400
Sberbank of Russia P   0.010   4/22/2026  RUB    64.520
Leonteq Securities A  18.000   7/26/2022  CHF    63.900
Leonteq Securities A  12.000   7/26/2022  EUR    60.250
Corner Banca SA       17.200   4/26/2022  CHF    53.460
Leonteq Securities A   9.000  10/26/2022  EUR    64.610
Vontobel Financial P   7.000   6/24/2022  EUR    42.430
Vontobel Financial P  12.500   6/24/2022  EUR    57.910
Vontobel Financial P  10.000   6/24/2022  EUR    41.610
Vontobel Financial P  13.500   6/24/2022  EUR    38.170
Vontobel Financial P  12.500   6/24/2022  EUR    39.250
Vontobel Financial P  16.500   6/24/2022  EUR    36.400
Vontobel Financial P   9.500   6/24/2022  EUR    39.240
Vontobel Financial P  11.000   6/24/2022  EUR    40.340
Vontobel Financial P   6.500   6/24/2022  EUR    46.060
DZ Bank AG Deutsche    7.000   6/20/2022  EUR    71.320
DZ Bank AG Deutsche    8.000   6/20/2022  EUR    71.470
DZ Bank AG Deutsche    7.000   6/20/2022  EUR    64.790
DZ Bank AG Deutsche    5.300   6/20/2022  EUR    69.790
Corner Banca SA       14.000   4/26/2022  USD    57.350
Zurcher Kantonalbank   5.000   4/27/2022  EUR    64.900
DZ Bank AG Deutsche    5.000   6/22/2022  EUR    58.760
DZ Bank AG Deutsche    6.750   6/22/2022  EUR    59.030
DZ Bank AG Deutsche   10.500   6/22/2022  EUR    71.910
DZ Bank AG Deutsche   12.000   6/22/2022  EUR    80.660
DZ Bank AG Deutsche    9.000   6/22/2022  EUR    75.820
DZ Bank AG Deutsche    8.000   6/22/2022  EUR    60.480
Leonteq Securities A   8.000   7/26/2022  CHF    62.310
Zurcher Kantonalbank  16.250   05/04/2022 EUR    65.120
Zurcher Kantonalbank   8.000   05/04/2022 CHF    72.880
EFG International Fi   5.000   4/26/2023  USD    63.610
Raiffeisen Switzerla   6.750  10/26/2022  CHF    63.230
Raiffeisen Switzerla  12.000  10/26/2022  CHF    40.660
Raiffeisen Switzerla  10.500  10/26/2022  CHF    65.230
Raiffeisen Switzerla   8.000  10/26/2022  EUR    63.830
Leonteq Securities A  11.500  10/27/2022  CHF    62.180
Landesbank Baden-Wue   7.000   4/28/2023  EUR    74.960
Landesbank Baden-Wue   5.200   4/28/2023  EUR    59.070
Landesbank Baden-Wue   3.350   4/28/2023  EUR    63.880
Landesbank Baden-Wue   5.650   4/28/2023  EUR    71.860
Landesbank Baden-Wue   4.200   4/28/2023  EUR    75.820
Landesbank Baden-Wue   7.000   4/28/2023  EUR    40.100
Landesbank Baden-Wue   3.800   4/28/2023  EUR    46.610
Landesbank Baden-Wue   3.200   4/28/2023  EUR    69.280
Landesbank Baden-Wue   2.000   4/28/2023  EUR    73.190
Landesbank Baden-Wue   4.650   4/28/2023  EUR    68.210
Landesbank Baden-Wue   3.300   4/28/2023  EUR    72.230
Landesbank Baden-Wue   5.250   4/28/2023  EUR    41.280
Landesbank Baden-Wue   3.150   4/28/2023  EUR    45.350
Landesbank Baden-Wue   2.300   4/28/2023  EUR    66.870
Landesbank Baden-Wue   6.000   4/28/2023  EUR    73.930
Landesbank Baden-Wue   5.700   4/28/2023  EUR    41.130
Landesbank Baden-Wue   4.350   4/28/2023  EUR    43.040
Landesbank Baden-Wue   3.000   4/28/2023  EUR    45.700
Vontobel Financial P  13.500   6/24/2022  EUR    62.570
Vontobel Financial P  15.000   6/24/2022  EUR    60.920
Vontobel Financial P  11.000   6/24/2022  EUR    66.330
Vontobel Financial P   9.500   6/24/2022  EUR    68.380
Vontobel Financial P  12.500   6/24/2022  EUR    64.420
Vontobel Financial P  16.500   6/24/2022  EUR    59.390
Vontobel Financial P  16.000   6/24/2022  EUR    75.370



                           *********


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 * * *