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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, May 16, 2022, Vol. 23, No. 91

                           Headlines



F R A N C E

IDEMIA GROUP: Moody's Affirms 'B3' CFR & Alters Outlook to Stable


I R E L A N D

BAIN CAPITAL 2022-1: Moody's Gives B3 Rating to EUR9.29MM F Notes
BAIN CAPITAL 2022-1: S&P Assigns B- Rating on Cl. F Notes
CAPITAL FOUR IV: Moody's Assigns (P)B3 Rating to EUR7.9MM F Notes
GLENBEIGH 2 ISSUER: DBRS Hikes Class F Notes Rating to BB(high)
TIKEHAU CLO III: Moody's Affirms 'B2' Rating on EUR12.6MM F Notes



I T A L Y

BANCO BPM: Moody's Upgrades Rating on Senior Unsecured Bond to Ba1
BRIGNOLE CQ 2022: DBRS Finalizes B(low) Rating on Class X Notes


N E T H E R L A N D S

TCG ACQUISITIONCO: Moody's Affirms 'B2' CFR, Alters Outlook Neg.


P O R T U G A L

HEFESTO STC: DBRS Confirms CCC Rating on Class B Notes


R U S S I A

[*] RUSSIA: US Treasury Weighs on Default Ahead of Debt Deadline


S P A I N

CAJAMAR PYME 4: DBRS Finalizes CCC(low) Rating on Series B Notes


S W I T Z E R L A N D

GATEGROUP HOLDING: S&P Affirms 'CCC+' ICR on Traffic Recovery


U N I T E D   K I N G D O M

ATLAS FUNDING 2022-1: Moody's Assigns B1 Rating to Class X2 Notes
ATLAS FUNDING 2022-1: S&P Assigns B- Rating on Class X2 Notes
BL CONSUMER II: DBRS Confirms CCC Rating on Class X Notes
DERBY COUNTY FOOTBALL: Kircher Says Takeover "Almost Complete"
GRANGEMOUTH REFINERY: Trade Union Seeks Meeting with Minister

MORTIMER BTL 2022-1: Moody's Assigns B2 Rating to GBP4.7MM X Notes
NEW BEGINNINGS: Enters Liquidation Following Financial Woes
PARK HALL: Goes Into Liquidation, Owes Almost GBP1 Million
PAVILLION POINT 2021-1A: DBRS Finalizes B Rating on 2 Tranches
SAFE HANDS: Gov't. Urged to Set Up Emergency Fund to Help Victims

US HOUSE: Enters Administration, Seeks Buyers for Assets


X X X X X X X X

[*] BOND PRICING: For the Week May 9 to May 13, 2022

                           - - - - -


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F R A N C E
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IDEMIA GROUP: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service has affirmed IDEMIA Group's (IDEMIA or
the company) B3 corporate family rating and B3-PD probability of
default rating. Concurrently, Moody's has affirmed the B3
instrument ratings of the EUR300 million backed senior secured
revolving credit facility due 2025 and EUR2.1 billion equivalent
backed senior secured term loan B (TLB) due 2026 borrowed by
IDEMIA. The outlook has been changed to stable from negative.

"The change in outlook to stable, from negative, reflects our
expectation that IDEMIA will maintain the growth momentum generated
over the course of 2021, leading to a continued improvement in its
credit metrics, with positive free cash flow (FCF) generation and
adequate liquidity", said Fabrizio Marchesi, Vice President and
Moody's lead analyst for the company. "The affirmation of IDEMIA's
B3 CFR reflects the fact that, irrespective of any forecast
improvement, IDEMIA's credit metrics will remain weak over the next
12-18 months, with forecast leverage of around 7x, interest
coverage of below 2x, and Moody's-adjusted FCF / debt of only 1-2%,
levels which are consistent with a B3 rating", added Mr. Marchesi.

RATINGS RATIONALE

IDEMIA's operating performance improved during the course 2021,
following a difficult 2020, with revenue increasing 2% and
company-adjusted EBITDA rising 9% when compared to the prior year,
or 6% and 15%, respectively, on a constant-perimeter basis. Moody's
estimates that company-adjusted EBITDA of EUR396 million in 2021
was around 6% higher than in 2019 after adjusting for certain asset
disposals made over the period. Management continued to
successfully reduce exceptional costs during the year, which also
contributed to an improvement in Moody's-adjusted EBITDA to EUR288
million in 2021 and a significant reduction in Moody's-adjusted
leverage to 7.9x, from 9.1x in 2020.

Moody's expects that IDEMIA's top line growth will continue at
around 3-4% per annum which, in combination with an improvement in
product mix and tight cost control, will help drive
company-adjusted EBITDA towards EUR420 million in 2022 and EUR440
million in 2023. As a result, Moody's-adjusted leverage is forecast
to improve to around 7.0x by December 2022 and 6.5x by December
2023, based on Moody's-adjusted EBITDA of around EUR325 million and
EUR350 million in 2022 and 2023, respectively. That said, the
rating agency expects Moody's-adjusted FCF / debt will remain weak,
at approximately 1-2% of total debt over the next 12-18 months,
owing to the company's high capital intensity and significant
interest payments.

Moody's considers that IDEMIA will also need to maintain its growth
momentum beyond the aforementioned time horizon, in order to ensure
the successful refinancing of its sizeable backed senior secured
TLB maturities ahead of their maturity in 2026, especially in the
context of a rising interest rate environment.

IDEMIA's B3 CFR is also constrained by the company's relatively
limited recurring revenue and a lack of visibility in certain
business lines, given the unevenness of new contracts and renewal
cycles; as well as technological risks inherent in its business
model. These factors are partly offset by the high barriers to
entry in IDEMIA's various business lines; the company's strong
market share in its key segments; its good geographical and
customer diversification; and its adequate liquidity.

Governance was considered a key rating driver in line with Moody's
ESG framework. The company is tightly controlled by Advent
International which, as majority owner, controls the board. As is
often the case in highly levered, private equity sponsored deals,
owners have a high tolerance for leverage/risk and governance is
relatively less transparent, when compared to publicly traded
companies.

LIQUIDITY

Moody's considers that IDEMIA benefits from an adequate liquidity
position, supported by EUR250 million of cash on balance at
December 31, 2021, as well as a fully undrawn EUR300 million backed
senior secured RCF. The backed senior secured RCF has a springing
leverage covenant which is only tested once 35% of the facility is
drawn. If tested, the maximum net leverage is set at 7.8x. Moody's
does not currently forecast a breach under the backed senior
secured RCF covenant.

STRUCTURAL CONSIDERATIONS

IDEMIA's EUR2,100 million equivalent backed senior secured TLB due
2026 and EUR300 million backed senior secured RCF due 2025 rank
pari-passu and are rated B3, in line with the CFR, reflecting the
absence of any significant liabilities ranking ahead or behind. The
backed senior secured facilities benefit from guarantees equivalent
to a minimum of 80% of EBITDA and gross assets. The security
package includes share pledges, along with pledges over bank
accounts and intercompany receivables, which Moody's considers as
weak.

The PDR of B3-PD is aligned with the B3 CFR, reflecting Moody's
assumption of a 50% family recovery rate in line with Moody's
practice for covenant-lite all-first-lien loan capital structures.

RATING OUTLOOK

The stable outlook reflects Moody's expectations of continued
growth in revenue and EBITDA over the next 12 to 18 months, such
that Moody's-adjusted leverage falls to around 7.0x and
Moody's-adjusted FCF remains at least in the low-single digits as a
percentage of Moody's-adjusted debt. The outlook also assumes no
material releveraging from any future debt-funded acquisitions or
shareholder distributions, as well as the company maintaining an
adequate liquidity profile.

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

Positive pressure on the rating could develop over time if the
company continues to record growth in revenue and Moody's-adjusted
EBITDA, such that Moody's-adjusted leverage improves to well below
6.0x on a sustained basis; and Moody's-adjusted FCF / debt rises
sustainably to mid single-digit levels.

Conversely, negative pressure could arise if IDEMIA fails to reduce
Moody's-adjusted leverage to around 7.0x on a sustainable basis;
free cash flow turns negative; or the company's liquidity
deteriorates so that it is no longer adequate.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Manufacturing
published in September 2021.

COMPANY PROFILE

Headquartered in Courbevoie, France, IDEMIA is an international
company that develops, manufactures and markets specialized
security technology products and services mainly in identity &
public security, payments and telecommunications markets. The
company has been majority-owned by funds controlled by private
equity sponsor Advent International since November 2011. IDEMIA
became the brand name for the Oberthur-Morpho combination following
Oberthur Technologies S.A.'s acquisition of Morpho on May 31, 2017.
Advent International has been joined by Bpifrance as a minority
investor following the transaction.



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I R E L A N D
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BAIN CAPITAL 2022-1: Moody's Gives B3 Rating to EUR9.29MM F Notes
-----------------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following definitive ratings to notes issued by Bain Capital Euro
CLO 2022-1 Designated Activity Company (the "Issuer"):

EUR1,000,000 Class X Senior Secured Floating Rate Notes due 2034,
Definitive Rating Assigned Aaa (sf)

EUR253,150,000 Class A Senior Secured Floating Rate Notes due
2034, Definitive Rating Assigned Aaa (sf)

EUR43,580,000 Class B Senior Secured Floating Rate Notes due 2034,
Definitive Rating Assigned Aa2 (sf)

EUR24,900,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned A2 (sf)

EUR28,800,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned Baa3 (sf)

EUR22,300,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned Ba3 (sf)

EUR9,290,000 Class F Senior Secured Deferrable Floating Rate Notes
due 2034, Definitive Rating Assigned B3 (sf)

RATINGS RATIONALE

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

The Issuer is a managed cash flow CLO. At least 90% of the
portfolio must consist of senior secured obligations and up to 10%
of the portfolio may consist of senior unsecured obligations,
second-lien loans, mezzanine obligations and high yield bonds. The
portfolio is expected to be 90% ramped as of the closing date and
to comprise of predominantly corporate loans to obligors domiciled
in Western Europe. The remainder of the portfolio will be acquired
during the 6-month ramp-up period in compliance with the portfolio
guidelines.

Bain Capital Credit U.S. CLO Manager, LLC, Series C will manage the
CLO. It will direct the selection, acquisition and disposition of
collateral on behalf of the Issuer and may engage in trading
activity, including discretionary trading, during the transaction's
4.5-year reinvestment period. Thereafter, subject to certain
restrictions, purchases are permitted using principal proceeds from
unscheduled principal payments and proceeds from sales of credit
risk obligations or credit improved obligations.

Interest and principal amortisation amounts due to the Class X
Notes are paid pro rata with payments to the Class A Notes. The
Class X Notes amortise by 17% or EUR166,666 over the six payment
dates starting on the second payment date.

In addition to the seven classes of notes rated by Moody's, the
Issuer will issue EUR33,200,000 of Class M-1 Subordinated Notes and
EUR500,000 of Class M-2 Notes which are not rated. The Class M-2
Notes accrue interest in an amount equivalent to a certain
proportion of the senior and subordinated management fees and its
notes' payment is pari passu with the payment of the senior and
subordinated management fee.

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

Methodology underlying the rating action:

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

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

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

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

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

Par Amount: EUR415,000,000

Diversity Score: 59

Weighted Average Rating Factor (WARF): 2981

Weighted Average Spread (WAS): 3.85%

Weighted Average Coupon (WAC): 4.00%

Weighted Average Recovery Rate (WARR): 44.0%

Weighted Average Life (WAL): 7.5 years

BAIN CAPITAL 2022-1: S&P Assigns B- Rating on Cl. F Notes
---------------------------------------------------------
S&P Global Ratings assigned its credit ratings to Bain Capital Euro
CLO 2022-1 DAC's class X, A, B, C, D, E, and F notes. At closing,
the issuer also issued unrated subordinated notes.

The ratings assigned to Bain Capital Euro CLO 2022-1's notes
reflect our assessment of:

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

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

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

-- The issuer's legal structure, which is bankruptcy remote.

-- The transaction's counterparty risks, which is in line with our
counterparty rating framework.

  Portfolio Benchmarks
                                                        CURRENT
  S&P Global Ratings weighted-average rating factor    2,802.65
  Default rate dispersion                                484.59
  Weighted-average life (years)                           5.101
  Obligor diversity measure                              141.50
  Industry diversity measure                              22.55
  Regional diversity measure                               1.26

  Transaction Key Metrics
                                                        CURRENT
  Portfolio weighted-average rating
    derived from S&P's CDO evaluator                          B
  'CCC' category rated assets (%)                           1.0
  Covenanted 'AAA' weighted-average recovery (%)          35.50
  Floating-rate assets                                    91.30
  Weighted-average spread (net of floors; %)               3.93

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

The portfolio's reinvestment period ends approximately 4.5 years
after closing.

The portfolio is well-diversified, primarily comprising broadly
syndicated speculative-grade senior secured term loans and senior
secured bonds. S&P said, "Therefore, we have conducted our credit
and cash flow analysis by applying our criteria for corporate cash
flow CDOs. As such, we have not applied any additional scenario and
sensitivity analysis when assigning ratings to any classes of notes
in this transaction."

S&P said, "In our cash flow analysis, we used the EUR415.00 million
target par, a weighted-average spread (3.85%), the reference
weighted-average coupon (4.00%), and the covenanted
weighted-average recovery rates as indicated by the issuer. We
applied various cash flow stress scenarios, using four different
default patterns, in conjunction with different interest rate
stress scenarios for each liability rating category. Our credit and
cash flow analysis indicates that the available credit enhancement
for the class B to D notes could withstand stresses commensurate
with higher ratings than those we have assigned. However, as the
CLO will be in its reinvestment phase starting from closing, during
which the transaction's credit risk profile could deteriorate, we
have capped our ratings assigned to the notes.

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

"We consider that the transaction's documented counterparty
replacement and remedy mechanisms adequately mitigate the exposure
to counterparty risk under our current counterparty criteria.

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

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

"In addition to our standard analysis, to provide an indication of
how rising pressures among speculative-grade corporates could
affect our ratings on European CLO transactions, we have also
included the sensitivity of the ratings on the class A to E notes
to five of the 10 hypothetical scenarios we looked at in "How
Credit Distress Due To COVID-19 Could Affect European CLO Ratings,"
published on April 2, 2020. The results shown in the chart below
are based on the actual weighted-average spread, coupon, and
recoveries."

Environmental, social, and governance (ESG) factors

S&P said, "We regard the exposure to ESG credit factors in the
transaction as being broadly in line with our benchmark for the
sector. Primarily due to the diversity of the assets within CLOs,
the exposure to environmental credit factors is viewed as below
average, social credit factors are below average, and governance
credit factors are average. For this transaction, the documents
prohibit assets from being related to the following industries
(non-exhaustive list): the manufacturing or marketing of
controversial weapons or thermal coal production. Accordingly,
since the exclusion of assets from these industries does not result
in material differences between the transaction and our ESG
benchmark for the sector, we have not made any specific adjustments
in our rating analysis to account for any ESG-related risks or
opportunities."

  Ratings

  CLASS    RATING     AMOUNT     CREDIT         INTEREST RATE
                    (MIL. EUR)  ENHANCEMENT (%)
  X        AAA (sf)      1.00      N/A       Three/six-month
                                             EURIBOR plus 0.60%

  A        AAA (sf)    253.15     39.00      Three/six-month  
                                             EURIBOR plus 1.24%

  B        AA (sf)      43.58     28.50      Three/six-month
                                             EURIBOR plus 2.40%

  C        A (sf)       24.90     22.50      Three/six-month
                                             EURIBOR plus 3.50%

  D        BBB (sf)     28.80     15.56      Three/six-month
                                             EURIBOR plus 4.60%

  E        BB- (sf)     22.30     10.19      Three/six-month
                                             EURIBOR plus 6.99%

  F        B- (sf)       9.29      7.95     Three/six-month
                                            EURIBOR plus 9.51%

  M-1      NR           33.20       N/A     N/A

  M-2      NR            0.50       N/A     N/A

  
NR--Not rated.
N/A--Not applicable.
EURIBOR--Euro Interbank Offered Rate.


CAPITAL FOUR IV: Moody's Assigns (P)B3 Rating to EUR7.9MM F Notes
-----------------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following provisional ratings to notes to be issued by Capital Four
CLO IV Designated Activity Company (the "Issuer"):

EUR213,900,000 Class A Senior Secured Floating Rate Notes due
2035, Assigned (P)Aaa (sf)

EUR40,000,000 Class B Senior Secured Floating Rate Notes due 2035,
Assigned (P)Aa2 (sf)

EUR17,200,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2035, Assigned (P)A2 (sf)

EUR23,600,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2035, Assigned (P)Baa3 (sf)

EUR19,400,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2035, Assigned (P)Ba3 (sf)

EUR7,900,000 Class F Senior Secured Deferrable Floating Rate Notes
due 2035, Assigned (P)B3 (sf)

RATINGS RATIONALE

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

The Issuer is a managed cash flow CLO. At least 90% of the
portfolio must consist of senior secured obligations and up to 10%
of the portfolio may consist of senior unsecured obligations,
second-lien loans, mezzanine obligations and high yield bonds. The
portfolio is expected to be around 90% ramped as of the closing
date and to comprise of predominantly corporate loans to obligors
domiciled in Western Europe. The remainder of the portfolio will be
acquired during the 4.6 months ramp-up period in compliance with
the portfolio guidelines.

Capital Four CLO Management II K/S ("Capital Four Management") will
manage the CLO. It will direct the selection, acquisition and
disposition of collateral on behalf of the Issuer and may engage in
trading activity, including discretionary trading, during the
transaction's approximately 2.1 years reinvestment period.
Thereafter, subject to certain restrictions, purchases are
permitted using principal proceeds from unscheduled principal
payments and proceeds from sales of credit risk obligations or
credit improved obligations.

In addition to the six classes of notes rated by Moody's, the
Issuer will issue EUR29,600,000 Subordinated Notes due 2035 which
are not rated.

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

Methodology underlying the rating action:

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

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

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

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

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

Target Par Amount: EUR350,000,000

Diversity Score: 45

Weighted Average Rating Factor (WARF): 3025

Weighted Average Spread (WAS): 3.85%

Weighted Average Coupon (WAC): 4.00%

Weighted Average Recovery Rate (WARR): 44%

Weighted Average Life (WAL): 6 years

GLENBEIGH 2 ISSUER: DBRS Hikes Class F Notes Rating to BB(high)
---------------------------------------------------------------
DBRS Ratings GmbH took the following rating actions on the notes
issued by Glenbeigh 2 Issuer Designated Activity Company (the
Issuer):

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

The rating on the Class A notes addresses the timely payment of
interest and the ultimate payment of principal on or before the
legal final maturity date in March 2046. The ratings on the Class B
and C notes address the ultimate payment of interest and principal
on or before the legal final maturity date while junior, and timely
payment of interest while the senior-most class outstanding. The
ratings on the Class D, Class E, and Class F notes address the
ultimate payment of interest and principal on or before the legal
final maturity date.

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

These rating actions are the result of an entire review of the
transaction following the upgrade of the Republic of Ireland's
Long-Term Foreign and Local Currency – Issuer Ratings to AA (low)
from A (high) on January 14, 2022.

DBRS Morningstar's credit ratings on structured finance
transactions consider sovereign, macroeconomic, and sovereign risk
of the country (or countries) in which transaction parties in a
securitization are domiciled.

The rating actions are also 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.

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

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

The transaction is a securitization of buy-to-let residential
mortgage loans originated in Ireland by Permanent TSB plc. The
legal title of the loans has been transferred to Pepper Finance
Corporation (Ireland) DAC (Pepper Ireland), which also acts as
servicer for the mortgage portfolio.

PORTFOLIO PERFORMANCE

As of December 2021, loans two to three months in arrears
represented 0.8% of the outstanding portfolio balance, the 90+
delinquency ratio was 1.3%, and the cumulative default ratio was
0.0%.

PORTFOLIO ASSUMPTIONS AND KEY DRIVERS

DBRS Morningstar conducted a loan-by-loan analysis of the remaining
pool of receivables and has updated its base case PD and LGD
assumptions to 4.9% and 17.4%, respectively.

CREDIT ENHANCEMENT

As of the December 2021 payment date, the credit enhancements
available to the Class A, Class B, Class C, Class D, Class E, and
Class F Notes were 31.0%, 24.6%, 20.2%, 16.6%, 13.5%, and 11.4%,
respectively, up from 30.0%, 23.8%, 19.5%, 16.0%, 13.0%, and 11.0%
at the DBRS Morningstar initial rating, respectively. Credit
enhancement to the notes is provided by subordination of junior
classes and the general reserve fund.

The general reserve fund is currently at its target level of EUR
148,582.2, equal to 2.5% of the original principal balance of the
Class A notes, minus the liquidity reserve target amount. The
general reserve fund is available to cover senior fees, interest,
and principal (via the principal deficiency ledgers) on the rated
notes.

The liquidity reserve fund is currently at its target level of EUR
5.1 million, equal to 2.5% of the outstanding principal balance of
the Class A Notes, and is available to cover senior fees and
interest on the Class A Notes.

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

DBRS Morningstar analyzed the transaction structure in Intex
DealMaker.

The Coronavirus Disease (COVID-19) and the resulting isolation
measures had caused an economic contraction, leading in some cases
to increases in unemployment rates and income reductions for
borrowers.

Notes: All figures are in euros unless otherwise noted.


TIKEHAU CLO III: Moody's Affirms 'B2' Rating on EUR12.6MM F Notes
-----------------------------------------------------------------
Moody's Investors Service has upgraded the rating on the following
notes issued by Tikehau CLO III DAC:

EUR28,600,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2030, Upgraded to A1 (sf); previously on Nov 9, 2021
Affirmed A2 (sf)

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

EUR244,700,000 (current outstanding amount EUR244,563,734) Class A
Senior Secured Floating Rate Notes due 2030, Affirmed Aaa (sf);
previously on Nov 9, 2021 Affirmed Aaa (sf)

EUR57,700,000 Class B Senior Secured Floating Rate Notes due 2030,
Affirmed Aa1 (sf); previously on Nov 9, 2021 Upgraded to Aa1 (sf)

EUR19,700,000 Class D Senior Secured Deferrable Floating Rate
Notes 2030, Affirmed Baa2 (sf); previously on Nov 9, 2021 Affirmed
Baa2 (sf)

EUR26,250,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed Ba2 (sf); previously on Nov 9, 2021
Affirmed Ba2 (sf)

EUR12,600,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed B2 (sf); previously on Nov 9, 2021
Affirmed B2 (sf)

RATINGS RATIONALE

The rating upgrade on the Class C notes is primarily a result of
the benefit of the transaction having reached the end of the
reinvestment period in December 2021.

In light of reinvestment restrictions during the amortisation
period, and therefore the limited ability to effect significant
changes to the current collateral pool, Moody's analysed the deal
assuming a higher likelihood that the collateral pool
characteristics would maintain an adequate buffer relative to
certain covenant requirements. In particular, Moody's assumed that
the deal will benefit from a shorter amortisation profile than it
had assumed at the last rating action in November 2021.

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

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

Performing par and principal proceeds balance: EUR417.01m

Defaulted Securities: none

Diversity Score: 53

Weighted Average Rating Factor (WARF): 2870

Weighted Average Life (WAL): 4.26 years

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

Weighted Average Coupon (WAC): 5.55%

Weighted Average Recovery Rate (WARR): 44.75%

Par haircut in OC tests and interest diversion test: none

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

Methodology Underlying the Rating Action:

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

Counterparty Exposure:

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

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

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

Additional uncertainty about performance is due to the following:

Portfolio amortisation: The main source of uncertainty in this
transaction is the pace of amortisation of the underlying
portfolio, which can vary significantly depending on market
conditions and have a significant impact on the notes' ratings.
Amortisation could accelerate as a consequence of high loan
prepayment levels or collateral sales by the collateral manager or
be delayed by an increase in loan amend-and-extend restructurings.
Fast amortisation would usually benefit the ratings of the notes
beginning with the notes having the highest prepayment priority.

In addition to the quantitative factors that Moody's explicitly
modelled, qualitative factors are part of the rating committee's
considerations. These qualitative factors include the structural
protections in the transaction, its recent performance given the
market environment, the legal environment, specific documentation
features, the collateral manager's track record and the potential
for selection bias in the portfolio. All information available to
rating committees, including macroeconomic forecasts, input from
other Moody's analytical groups, market factors, and judgments
regarding the nature and severity of credit stress on the
transactions, can influence the final rating decision.



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

BANCO BPM: Moody's Upgrades Rating on Senior Unsecured Bond to Ba1
------------------------------------------------------------------
Moody's Investors Service upgraded Banco BPM S.p.A.'s long-term
senior unsecured ratings to Ba1 from Ba2, its long-term deposit
ratings to Baa2 from Baa3 as well as the bank's standalone Baseline
Credit Assessment to ba2 from ba3. The outlooks on the long-term
deposit and senior unsecured ratings remain stable.

RATINGS RATIONALE

Baseline Credit Assessment

The upgrade of Banco BPM's BCA to ba2 from ba3 primarily reflects
the improvement in the bank's asset quality, which stems the
ongoing de-risking of its loan book. This has been completed
through the sales and securitisations of larger than initially
expected amounts of problem loans. The bank's gross problem loans
ratio decreased to 5.8% as of end-2021 from 7.7% one year earlier,
and Moody's expects the ratio to further dwindle below 5% following
additional sales that the bank will complete in the second quarter
of 2022.

However, Banco BPM's level of problem loans remains higher than the
Italian banking system average of 3.1% as of end-2021. Moreover,
Moody's expects a moderate increase in the inflow of Banco BPM's
problem loans in 2022 in line with the Italian banking system.

Banco BPM reported stable capitalization as of end 2021, with a
fully-loaded Common Equity Tier 1 (CET1) ratio of 13.4% compared
with 13.3% end-2020. It stands at almost 500 basis points above the
bank's Supervisory Review and Evaluation Process (SREP) minimum
requirement set by the European Central Bank (ECB).

The bank's net profit for 2021 amounted to EUR569 million, with a
return on tangible assets of 0.3%. The performance recovered from
just EUR21 million net profit reported in 2020 which was affected
by COVID-related loan losses of over EUR1 billion. Despite a
reduced cost of risk (81 bps in 2021 from 122 bps in 2020), the
bank's profitability remains below its pre-Covid level (EUR797
million net profit in 2019).

Deposit and senior unsecured ratings

Banco BPM's long-term deposit ratings were upgraded to Baa2 from
Baa3 because of the bank's BCA upgrade and unchanged extremely low
expected losses resulting from Moody's Advanced Loss Given Failure
(LGF) analysis, which results in a three-notch uplift from the
BCA.

Banco BPM's senior unsecured debt ratings were upgraded to Ba1 from
Ba2 because of the bank's BCA upgrade and unchanged low expected
losses resulting from Moody's Advanced LGF analysis, which results
in a one notch-uplift from the BCA.

OUTLOOK

The outlook on Banco BPM's long-term deposit and senior unsecured
ratings remains stable, reflecting Moody's expectation that the
bank's level of problem loans, capital, and profitability will
remain close to current levels over the next 12-18 months.
Furthermore, the stable outlook is also predicated on an unchanged
funding policy as per its recent public disclosures.

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

Banco BPM's BCA of ba2 could be upgraded if the bank were to
further reduce its stock of problem loans and strengthened its
profitability, while keeping good capital levels. An upgrade of the
BCA would likely result in upgrades of all ratings. Banco BPM's
senior unsecured and issuer ratings could also be upgraded
following the issuance of a higher amount of senior and/or
subordinated debt than currently expected.

The BCA could be downgraded following a material deterioration in
the bank's asset quality or by significant reported losses. Any
deterioration in the bank's liquidity profile could also result in
a downgrade of the BCA. A downgrade of the BCA would likely result
in a downgrade of all ratings. Banco BPM's senior unsecured and
issuer ratings could also be downgraded were the bank to issue
lower amount of senior and/or subordinated debt than currently
planned over the next 12 to 18 months.

LIST OF AFFECTED RATINGS

Issuer: Banco BPM S.p.A.

Upgrades:

Adjusted Baseline Credit Assessment, Upgraded to ba2 from ba3

Baseline Credit Assessment, Upgraded to ba2 from ba3

Long-term Counterparty Risk Assessment, Upgraded to Baa2(cr) from
Baa3(cr)

Short-term Counterparty Risk Assessment, Upgraded to P-2(cr) from
P-3(cr)

Long-term Counterparty Risk Ratings, Upgraded to Baa2 from Baa3

Short-term Counterparty Risk Ratings, Upgraded to P-2 from P-3

Long-term Issuer Rating, Upgraded to Ba1 from Ba2, Outlook Remains
Stable

Long-term Bank Deposit Ratings, Upgraded to Baa2 from Baa3,
Outlook Remains Stable

Short-term Bank Deposit Ratings, Upgraded to P-2 from P-3

Junior Senior Unsecured Regular Bond/Debenture, Upgraded to Ba2
from Ba3

Subordinate Medium-Term Note Program, Upgraded to (P)Ba3 from
(P)B1

Senior Unsecured Medium-Term Note Program, Upgraded to (P)Ba1 from
(P)Ba2

Junior Senior Unsecured Medium-Term Note Program, Upgraded to
(P)Ba2 from (P)Ba3

Pref. Stock Non-cumulative, Upgraded to B2 (hyb) from B3 (hyb)

Subordinate Regular Bond/Debenture, Upgraded to Ba3 from B1

Senior Unsecured Regular Bond/Debenture, Upgraded to Ba1 from Ba2,
Outlook Remains Stable

Outlook Action:.

Outlook, Remains Stable

PRINCIPAL METHODOLOGY

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

BRIGNOLE CQ 2022: DBRS Finalizes B(low) Rating on Class X Notes
---------------------------------------------------------------
DBRS Ratings GmbH finalized its provisional ratings on the
following classes of notes issued by Brignole CQ 2022 S.r.l. (the
Issuer):

-- Class A Notes at AA (low) (sf)
-- Class B Notes at A (sf)
-- Class C Notes at A (low) (sf)
-- Class D Notes at BB (low) (sf)
-- Class X Notes at B (low) (sf)

The rating on the Class A Notes addresses the timely payment of
interest and the ultimate repayment of principal by the legal
maturity date. The ratings on the Class B and Class C Notes address
the ultimate payment of interest and the ultimate repayment of
principal by the legal maturity date while junior to other
outstanding classes of notes, but the timely payment of interest
when they are the senior-most tranche, in accordance with the
Issuer's default definition (liquidation) provided in the
transaction documents. The ratings on the Class D and Class X Notes
address the ultimate payment of interest and the ultimate repayment
of principal by the legal maturity date. DBRS Morningstar does not
rate the Class R Notes also issued in this transaction.

The transaction represents the issuance of Class A, Class B, Class
C, Class D, and Class X Notes (collectively, the Rated Notes), as
well as the Class R Notes (together with the Rated Notes, the
Notes) backed by a pool of approximately EUR 164.48 million of
fixed-rate receivables related to Italian salary- and
pension-assignment loans as well as payment delegation loans
granted by Creditis Servizi Finanziari S.p.A. (Creditis; the
Originator and Servicer) to individuals residing in Italy. The
transaction envisages a six-month revolving period lasting from
closing to the payment date in September 2022 (included), during
which time the Issuer will purchase new receivables that the
Originator may offer provided that certain conditions set out in
the transaction documents are satisfied.

The Class X Notes are not collateralized by receivables and
entirely rely on excess spread to pay interest and repay principal.
Their amortization with interest funds is expected to be completed
in 18 instalments, starting during the revolving period.

DBRS Morningstar based its ratings on the following analytical
considerations:

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

-- Credit enhancement levels that are sufficient to support DBRS
Morningstar's projected expected net losses under various stress
scenarios.

-- The ability of the transaction to withstand stressed cash flow
assumptions and repay investors according to the terms under which
they have invested.

-- Creditis' capabilities with respect to originations,
underwriting, servicing, and financial strength.

-- The appointment of a backup servicer facilitator upon closing.

-- The transaction parties' financial strength with regard to
their respective roles.

-- The credit quality, diversification of the collateral, and
historical and projected performance of the seller's portfolio.

-- The sovereign rating on the Republic of Italy, currently rated
BBB (high) with a Stable trend by DBRS Morningstar.

-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology, the presence of legal opinions that
address the true sale of the assets to the Issuer.

TRANSACTION'S STRUCTURE

The transaction envisages that principal on the Class A to Class D
Notes will be repaid on a fully sequential basis during the
amortization period. The Class X Notes' principal can only be
repaid with interest funds, junior to interest payments on the
Class A to Class D Notes and the respective principal deficiency
ledgers.

The transaction benefits from a cash reserve of EUR 1.63 million
funded with part of the proceeds of subscription to the Class X
Notes that the Issuer can use to cover shortfalls in senior
expenses and interest on the Class A to Class C Notes.

The Rated Notes pay interest indexed to one-month Euribor plus a
margin and the interest rate risk arising from the mismatch between
the floating-rate notes and the fixed-rate collateral is hedged
through an interest rate cap with an eligible counterparty up to
the clean-up option date.

COUNTERPARTIES

BNP Paribas Securities Services SCA/Milan (BNPSS Milan) is the
account bank for the transaction. DBRS Morningstar has a private
rating on BNPSS Milan, which meets DBRS Morningstar's criteria to
act in such capacity. The transaction documents contain downgrade
provisions consistent with DBRS Morningstar's criteria with respect
to BNPSS Milan's role as account bank.

The transaction is exposed to interest rate risk due to the
mismatch between the fixed-rate assets and the floating-rate
liabilities. The risk is mitigated by an interest rate cap with an
eligible counterparty set on a fixed amortization schedule of the
loans up to the clean-up option date, derived assuming a 8.0%
constant prepayment rate. Natixis S.A. (Natixis) is the cap
counterparty for the transaction. DBRS Morningstar does not
publicly rate Natixis, but maintains a private rating on the entity
and concluded that, despite the interest rate cap documentation not
being fully in line with its published Derivative Criteria for
European Structured Finance Transactions methodology, this does not
affect its analysis of the cap or the ratings assigned to the Rated
Notes.

DBRS Morningstar analyzed the transaction's structure in Intex
DealMaker.

CORONAVIRUS DISEASE (COVID-19) CONSIDERATIONS

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. The ratings are based on additional analysis to
expected performance as a result of the global efforts to contain
the spread of the coronavirus.

Notes: All figures are in euros unless otherwise noted.




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

TCG ACQUISITIONCO: Moody's Affirms 'B2' CFR, Alters Outlook Neg.
----------------------------------------------------------------
Moody's Investors Service affirmed TCG AcquisitionCO B.V. (TCG,
Tencate Grass or the company) B2 corporate family rating, the B2-PD
probability of default rating and the B2 instrument ratings of the
senior secured term loan B maturing in September 2028 and the
senior secured revolving credit facility maturing in March 2028.
Moody's also changed the outlook to negative from stable.

TCG plans to upsize the senior secured term loan B to about EUR590
million from EUR315 million and the senior secured revolving credit
facility to EUR90 million from EUR65 million. Proceeds of the
incremental term loan will fund the company's contemplated
acquisitions of Hellas in May 2022 for approximately EUR367
million, as well as repay outstanding drawings under the senior
secured revolving credit facility due to the acquisition of Geo
Sport Lighting, and pay transaction costs. Crestview, a US private
equity firm which owns the majority of TCG, will also contribute
equity financing, which together with equity rolled over from
Hellas and TCG management comprises about 30% of the total purchase
price.

RATINGS RATIONALE

The outlook change to negative reflects Moody's expectations that
the Hellas acquisition as well as the acquisition of Geo Sport
Lighting in Q1 2022 will delay TCG's deleveraging to below 5.5x
debt/EBITDA, the leverage expected for the B2 CFR, towards 2023,
particularly amid the current macroeconomic backdrop. A reduction
of GDP growth and cost inflation in the US and Europe in 2022 are
likely to pressure the company's margins and potentially end
markets, which TCG is partially offsetting by price increases.
TCG's Moody's-adjusted leverage remains high at about 6.5x debt
/EBITDA pro forma the acquisitions at end of 2021.

At the same time the acquisitions enhance the company's business
profile with increased sales diversification and access to the
strongly growing market for sports fields, especially in the South
of the US, as well as greater scale, with pro forma revenue
estimated at about EUR864 million in 2021 compared to about EUR500
million standalone. The company envisages to raise up to EUR10
million of synergies from the transaction by end of 2022. Hellas is
the largest downstream installer of artificial turf in the US,
which designs projects and manufactures the installed turf.

RATIONALE FOR THE RATING

TCG's B2 CFR is weakly positioned considering its (1) relatively
small albeit improved size with EUR864 million of revenue in 2021
pro forma for the acquisitions; (2) aggressive financial policy and
relatively high leverage for the B2 rating at above 6.0x expected
at year end 2022 and only falling below 5.5x by the end of 2023;
(3) fairly limited product and production diversification with 7
manufacturing plants producing artificial turf for sports and
landscape end-markets; (4) highly competitive end markets,
especially in the sports segment (about 80% of EBITDA in 2022)
where most new contracts are awarded through public or private
tenders (5) execution risk to integrate Hellas and the numerous
bolt-on acquisitions and to achieve the envisaged synergies; and
(6) relatively modest starting cash position.

TCG's (1) leading market position in the upstream, mid and
downstream segments in a very fragmented industry, (2) moderately
growing end markets at low single digits in sports and high single
digits in landscaping as artificial turf allows for increased usage
and water savings compared to natural grass; (3) vertical
integration along the value chain, which supports margins; (4)
widely diversified customer base with relatively low churn; (5)
some track record of improving operating performance and
integrating several acquired companies over the past 5 years
reflected in an EBITA-Margin of around 7.8.% for 2021 and expected
to improve towards 10% in 2022, as well as a strong backlog
providing some visibility for 2022; and (6) potential for
relatively good cash generation due to moderate working capital and
maintenance capex requirements, support the B2 CFR.

Since 2017 TCG expanded along the entire artificial turf value
chain through organic growth and the acquisition of about 15 small
to medium size companies. Moody's expects TCG to continue to direct
the majority of its free cash flow to further consolidate the
fairly fragmented industry and strengthen its market position.
Continuous bolt on acquisitions will likely help to deleverage the
group's balance sheet through incremental EBITDA at favorable
multiples, but at the same time expose the company to meaningful
integration risk and potentially require additional financing.

ESG

Governance considerations have been a driver of the rating action.
Private equity firm Crestview and management own TCG. Private
equity funds tend to have higher tolerance for leverage, a greater
propensity to favor shareholders over creditors as well as a
greater appetite for debt-funded M&A to maximize growth and their
return on their investment.

Environmental considerations support demand for synthetic turf due
to water and fertilizer savings as well as globally rising
temperatures.

LIQUIDITY

The proposed upsize of the senior secured revolving credit facility
to EUR90 million from EUR65 million, as well as balance sheet cash
support adequate, albeit relatively tight, liquidity for TCG.
Moody's expects revolver drawings of about EUR21 million and only
EUR16 million of cash on balance sheet to finance day to day cash
needs pro forma for the closure of the transaction. The rating
agency expects TCG to generate EUR1 millon to EUR10 million free
cash flow in 2022 (mainly due to a working capital built up of
EUR25 million driven by cost inflation in combination with growing
sales and high growth capex of EUR31 million), which is likely to
redeem a part of the drawn portion of the RCF and to fund bolt on
acquisitions on an opportunistic basis.

The RCF has a springing net leverage covenant at 8.0 times, which
only will be tested if the RCF is drawn by more than 40%. Moody's
expects TCG to remain well below the covenant level if tested.

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

An upward revision of the rating would likely result from (1)
adjusted EBITA margins reaching mid-teens; (2) Moody's-adjusted
leverage ratio declining well below 5.0x on a sustained basis and;
(3) material sustained positive cash flow generation as evidenced
by adj. FCF /debt in the high single digits in combination with an
excellent liquidity.

Downward pressure on the rating could occur if (1) adjusted EBITA
margins below 10% on a sustained basis; (2) Moody's-adjusted
debt/EBITDA ratio does not reduce over the next 12- 18 months to
below 5.5x; and (3) if the group's liquidity weakens as evidenced
by negative free cash flow or material debt funded acquisitions.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Manufacturing
published in September 2021.

COMPANY PROFILE

TenCate Grass Holding B.V. is a leading manufacturer, distributor
and installer of artificial turf solutions for both sports and
landscaping with reported revenues of EUR864 million end of 2021
pro forma for the acquisitions. The company operates a vertically
integrated business model along the artificial turf value chain and
has its headquarter in Nijverdal in the Netherlands and Hellas has
its headquarter in Austin, Texas in the United States. It is owned
by funds advised from the US based private equity firm Crestview
and by its senior management.



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

HEFESTO STC: DBRS Confirms CCC Rating on Class B Notes
------------------------------------------------------
DBRS Ratings GmbH took the following rating actions on the notes
issued by Hefesto STC, S.A. (Project Guincho) (the Issuer):

-- Class A upgraded to A (sf) from BBB (high) (sf)
-- Class B confirmed at CCC (sf)

DBRS Morningstar also changed the trends on both classes of notes
to Stable from Negative.

The transaction represents the issuance of Class A, Class B, Class
J, and Class R notes (collectively, the Notes). The rating on the
Class A notes addresses the timely payment of interest and the
ultimate payment of principal while the rating on the Class B notes
addresses the ultimate payment of interest and principal. DBRS
Morningstar does not rate the Class J or Class R notes.

As of the 30 September 2018 portfolio cut-off date, the Notes were
backed by a EUR 481 million portfolio by gross book value (the
Portfolio) consisting of unsecured and secured nonperforming loans
(NPLs) originated by Banco Santander Totta S.A.

Since the transfer of the Portfolio, the secured loans held by
individuals are serviced by Whitestar Asset Solutions S.A.
(Whitestar) and the secured loans held by corporates are serviced
by HG PT, Unipessoal, Lda (HG PT; together with Whitestar, the
Special Servicers). In May 2021, Whitestar took over management of
the unsecured positions from Proteus Asset Management, Unipessoal,
Lda.

RATING RATIONALE

The upgrade and confirmation follows a review of the transaction
and are based on the following analytical considerations:

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

-- The Special Servicers' updated business plan as of October
2021, received in January 2022, and a comparison with the initial
collection expectations.

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

-- Transaction liquidating structure: except for the Class R
notes, the order of priority entails a fully sequential
amortization of the Notes (i.e., the Class B notes will begin to
amortize following the full repayment of the Class A notes and the
Class J notes will amortize following the repayment of the Class B
notes). Additionally, interest payments on the Class B notes become
subordinated to principal payments on the Class A notes if the
cumulative collection ratio or the net present value cumulative
profitability ratio is lower than 90%. These triggers were not
breached on the November 2021 interest payment date, at which time
the actual figures were 128.2% and 158.1%, respectively, according
to the latest investor report.

-- Liquidity support: the transaction benefits from an amortizing
cash reserve providing liquidity to the structure, covering
potential interest shortfall on the Class A notes and senior fees.
The cash reserve, whose target amount is equal to 3.0% of the Class
A notes' principal outstanding balance, is currently fully funded.

TRANSACTION AND PERFORMANCE

According to the latest investor report from November 2021, the
outstanding principal amounts of the Class A, Class B, Class J, and
Class R notes were EUR 22.4 million, EUR 14.0 million, EUR 25.0
million, and EUR 1.2 million, respectively. As of the November 2021
payment date, the balance of the Class A notes had amortized by
approximately 73.4% since issuance and the current aggregated
transaction balance was EUR 62.6 million.

As of October 2021, the transaction was performing above the
Special Servicers' business plans expectations. The actual
cumulative gross collections equaled EUR 80.8 million whereas the
Special Servicers' initial business plan estimated cumulative gross
collections of EUR 75.1 million for the same period. Therefore, as
of October 2021, the transaction was overperforming by EUR 5.8
million (+7.7%) compared with the initial business plan
expectations.

At issuance, DBRS Morningstar estimated cumulative gross
collections for the same period of EUR 41.5 million at the BBB
(low) (sf) stressed scenario and of EUR 56.4 million at the CCC
(sf) stressed scenario. Therefore, as of October 2021, the
transaction was overperforming compared with DBRS Morningstar's
initial stressed expectations.

In January 2022, the Special Servicers provided DBRS Morningstar
with revised business plans starting from November 1, 2020. The
updated portfolio business plans, combined with the actual
cumulative gross collections of EUR 80.8 million as of October
2021, result in a total of EUR 157.0 million, which is 0.5% higher
than the total gross disposition proceeds of EUR 156.2 million
estimated in the initial business plan.

Without including actual collections, the Special Servicers'
expected collections from November 2021 were EUR 76.1 million
versus EUR 81.1 million in the initial business plans. Hence, the
Special Servicers revised their expectation for collection on the
remaining Portfolio downward. The updated DBRS Morningstar A (sf)
rating stress assumes a haircut of 58.2% to the Special Servicers'
executed business plans, considering future expected collections.
In DBRS Morningstar's CCC (sf) scenario, the Special Servicers'
forecast was only adjusted in terms of actual collections to date
as well as timing of future expected collections.

The final maturity date of the transaction is in November 2038.

DBRS Morningstar analyzed the transaction structure using Intex
DealMaker.

The Coronavirus Disease (COVID-19) and the resulting isolation
measures had caused an economic contraction, leading in some cases
to increases in unemployment rates and income reductions for many
borrowers. For this transaction, DBRS Morningstar incorporated its
expectation of a moderate medium-term decline in commercial real
estate prices.

Notes: All figures are in euros unless otherwise noted.




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

[*] RUSSIA: US Treasury Weighs on Default Ahead of Debt Deadline
----------------------------------------------------------------
Daniel Flatley and Sydney Maki at Bloomberg News report that as
Russia faces another round of payments on its sovereign debt, Biden
administration officials are weighing whether forcing Moscow into
default for its invasion of Ukraine would really be the best
outcome.

Treasury Secretary Janet Yellen said on May 10 that the matter is
being "actively examined" before a crucial deadline in two weeks,
and a decision will be made shortly, Bloomberg relates.

Russia is constrained by economic sanctions over its invasion of
Ukraine and won't be able to service its foreign debt, unless the
US acts before May 25 to extend a license that permits American
banks and individuals to accept the payments, Bloomberg states.
The Treasury could grant exceptions for certain cases, Bloomberg
notes.

"We want to make sure we understand what the potential consequences
and spillovers would be of allowing the license to expire, and we
have not yet made a decision," Bloomberg quotes Ms. Yellen as
saying without elaborating on the pros and cons.

Although it's not unusual for such licenses to be extended --
Venezuela is a recent example -- Russia's situation is unique
because President Vladimir Putin's forces are engaged in active
military operations against a US ally that's being armed with
American weapons, Bloomberg discloses.  Any easing of penalties on
the country could be viewed as a concession, according to Timothy
Ash, a senior strategist at Bluebay Asset Management, Bloomberg
notes.

"If they do extend the license, the market assumption will be that
the financial stranglehold on Russia has eased," Bloomberg quotes
Mr. Ash as saying.  "So they've got themselves in a bit of a tangle
actually."

Some Treasury officials have argued privately that allowing Russia
to pay its debt would further drain its coffers and redirect
resources that would otherwise be spent on weapons and military
operations in Ukraine, Bloomberg relays, citing a person familiar
with the matter who discussed the internal deliberations on
condition of anonymity.

Additional concerns include limiting the impact of the sanctions on
the financial systems of the US and allies and not hurting American
investors in Russian bonds, Bloomberg stats.  There's also concern
that if Russia is unable to pay its bondholders, and a default is
declared, that the country could contest its liability in any legal
proceedings that would follow, Bloomberg notes.

"Ultimately, I think that the US and its allies still see an
interest in the Russian government paying their American and global
investors, especially if it drains Russia's new assets," Rachel
Ziemba, an adjunct senior fellow at the Center for a New American
Security, as cited by Bloomberg, said.  "We could see additional
restrictions on what funds Russia can use for these payments or
other tweaks, but my hunch is that a version of the general license
will be extended.  This reflects a preference to allow payment for
global investors who made investments legally at the time."

Others, including Mr. Ash, counter that forcing Russia into default
would have a greater impact on its ability to sustain the Ukraine
invasion than trying to drain the assets via bond payments, which
represent a fraction of what the country takes in every day through
energy sales, Bloomberg states.

Payments due May 27 on two of Russia's foreign bonds, which mature
in 2026 and 2036, can be made in currencies other than the US
dollar, according to their covenants, so the impact of the May 25
deadline may not be felt until later in the summer if the US
doesn't extend it, Bloomberg discloses.  The bonds due in 2036 are
denominated in euros.

The next sovereign transfer stipulating payment in dollars is on
June 24, when the interest on a 2028 sovereign note comes due,
Bloomberg states.  Overall, Russia is staring down more than US$490
million in foreign-currency bond payments owed to creditors by the
end of June, Bloomberg notes.

Russia, Bloomberg says, has so far been able to stave off a messy
external debt default, though measures imposed against the nation
have already severely complicated payments, hindering and blocking
the movement of money.

Should Treasury extend the waiver, Russia should be able to keep
paying via its unsanctioned banks so long as it has the dollars and
other currencies available domestically, Bloomberg discloses.  For
now, Moscow has plenty of cash, thanks to the billions flooding in
weekly from its sales of oil, gas and other commodities, including
to Europe, according to Bloomberg.

But if the waiver ends, and regulators in the European Union and UK
impose similar restrictions, default would be back on the table as
another important payment route is cut off, Bloomberg states.




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

CAJAMAR PYME 4: DBRS Finalizes CCC(low) Rating on Series B Notes
----------------------------------------------------------------
DBRS Ratings GmbH finalized the provisional ratings on the
following series of notes issued by IM BCC Cajamar PYME 4, FT (the
Issuer):

-- Series A Notes at AA (sf)
-- Series B Notes at CCC (low) (sf)

The transaction is a cash flow securitization collateralized by a
portfolio of secured and unsecured loans originated by Cajamar Caja
Rural S.C.C. (Cajamar or the Originator; rated BB (high) with a
Negative trend by DBRS Morningstar) to small and medium-size
enterprises (SME) and self-employed individuals based in Spain. As
of 16 March 2022, the transaction's final portfolio included 20,307
loans to 17,068 obligor groups, totaling EUR 900 million.

The rating of the Series A Notes addresses the timely payment of
interest and the ultimate payment of principal on or before the
legal maturity date in July 2064. The rating of the Series B Notes
addresses the ultimate payment of interest and principal on or
before the legal maturity date.

Interest and principal payments on the Notes will be made monthly,
with the first payment date on 23 May 2022. The Notes will pay a
fixed interest rate equal to 0.5% until November 22, 2023. After
that, the Notes will pay an interest rate of one-month Euribor plus
a 0.20% and 0.30% margin for the Series A and Series B notes,
respectively.

The securitized pool exhibits low borrower concentration. The
largest obligor group represents 0.5% of the portfolio balance and
the top ten and top twenty borrowers represent 3.5% and 5.4% of the
outstanding pool balance, respectively. As per DBRS Morningstar's
Industry classification, the pool exhibits a high industry
concentration in Farming/Agriculture, which represents 38.2% of the
pool balance, followed by Building and Development and Business
Equipment and Services at 11.5% and 7.7%, respectively. There is a
high concentration of borrowers in Andalusia (40.2% of the
portfolio balance), which is expected given that Andalusia is the
home region of the Originator. Additionally, 7.9% of the
outstanding balance of the portfolio corresponds to refinance
loans, which have a higher default expectation.

The Series A Notes benefit from 25.0% credit enhancement through
subordination of the Series B Notes and the presence of a reserve
fund. The Series B Notes benefit from 3.0% credit enhancement
provided by the reserve fund. The reserve fund will be funded
through a subordinated loan and is available to cover senior fees
and interest and principal on the Series A Notes and, once the
Series A Notes are fully amortized, interest and principal on the
Series B Notes. The reserve fund will not amortize during the life
of the transaction. The Series B Notes interest and principal
payments are subordinated to the Series A Notes payments.

The ratings are based on DBRS Morningstar's "Rating CLOs Backed by
Loans to European SMEs" methodology and the following analytical
considerations:

-- The probability of default (PD) for the portfolio was
determined using the historical performance information supplied.
The historical data has been provided separately for refinance
loans and "regular" loans. DBRS Morningstar adjusted the annual PD
for the loans of the portfolio that have an internal rating by
Cajamar of 1 and those loans with internal rating model for cured
loans (C) and refinance loans (R) considering an annual PD of 20.0%
for those borrowers. For the remaining portfolio, DBRS Morningstar
assumed an annual PD of 1.7% for the standard loans and an annual
PD of 3.6% for refinance loans based on the historical performance
data provided. DBRS Morningstar applied additional adjustments to
expected performance in the context of the current Coronavirus
Disease (COVID-19) pandemic.

-- The assumed weighted-average life (WAL) of the portfolio is 4.0
years.

-- The PD and WAL were used in the DBRS Morningstar Diversity
Model to generate the hurdle rates for the respective ratings.

-- The recovery rate was determined by considering the security
level, the type of collateral and, if applicable, the respective
market value decline rates for Spain. For the Series A Notes, DBRS
Morningstar applied a 62.7% recovery rate for secured loans and a
15.8% recovery rate for unsecured loans. For the Series B Notes,
DBRS Morningstar applied a 79.2% recovery rate for secured loans,
and a 21.5% recovery rate for unsecured loans.

-- The break-even rates for the interest rate stresses and default
timings were determined using the DBRS Morningstar proprietary cash
flow tool.

The transaction structure was analyzed in a proprietary Excel-based
cash flow engine, considering the default rates at which the Notes
did not return all specified cash flows.

The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an economic contraction, leading to increases
in unemployment rates and income reductions for many borrowers.
DBRS Morningstar anticipates that delinquencies may increase in the
coming months for many SME transactions, some meaningfully. The
ratings are based on additional analysis and adjustments to
expected performance as a result of the global efforts to contain
the spread of the coronavirus. For this transaction, DBRS
Morningstar increased the expected default rate for obligors in
certain industries based on their perceived exposure to the adverse
disruptions of the coronavirus.

Notes: All figures are in euros unless otherwise noted.




=====================
S W I T Z E R L A N D
=====================

GATEGROUP HOLDING: S&P Affirms 'CCC+' ICR on Traffic Recovery
-------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' issuer rating on airline
caterer gategroup Holding AG.

S&P said, "The stable outlook reflects our view that gategroup will
sustain its adequate liquidity position, that financial leverage
will remain high for the next 12 months, and that the company is
dependent upon favorable air traffic conditions to turn cash-flow
positive, restore its balance sheet, and meet its financial
commitments.

"We think the positive air traffic momentum, which resumed in the
second quarter of 2022 after the short-lived omicron-related
disruption in the first quarter, will accelerate over the summer
months and continue through the rest of the year.  The omicron
variant of the coronavirus constrained passenger volumes in
first-quarter 2022, but pent-up demand should support a strong
summer season. Assuming no renewed and protracted travel
restrictions beyond those currently in place, we anticipate
European airline traffic will reach 50%-65% of 2019 levels in 2022,
70%-85% in 2023, and nearly 100% of the 2019 base by 2024. We
believe that short-haul leisure and visits to friends and relatives
will buoy domestic destinations and cross-Europe air passenger
numbers. We anticipate air travel between Europe and North America
increasing to 50%-65% of 2019 levels in 2022, after North Atlantic
destinations reopened for vaccinated travelers in November 2021. By
contrast, air travel between Europe and Asia will continue to lag
other regions because of severe mobility restrictions in major
markets, especially China and Hong Kong. We also anticipate a
delayed recovery of business and corporate traffic, typically one
of gategroup's most profitable segments. The pandemic has
accelerated work-from-home trends and the use of digital
technologies, which could have a lasting impact on demand for
corporate travel. Companies are also likely to rethink their
cost-savings efforts and support a greener agenda, which we expect
will depress demand."

Gategroup's EBITDA performance should continue to recover in 2022,
when airlines are expected to build capacity in response to
improving demand for air travel.  Gategroup derives most of its
revenue from on-board catering and the sale of food and nonfood
products to air travelers, meaning that much of its earnings are
positively correlated to increasing passenger volumes. Nonetheless,
a delayed and subdued recovery of the more profitable business and
long-haul traffic (in particular on Asian routes), will constrain
the recovery of its EBITDA to pre-pandemic levels. S&P said, "We
note that during the pandemic, gategroup accelerated its expansion
into adjacent non-aviation markets in an effort to reduce its
reliance on air travel. For example, its deSter division designs
and produces sustainable food packaging. Gategroup can also
leverage its existing asset base for non-aviation related food
preparation, including direct-to-consumer. While we view this
development as revenue enhancing, it will not offset the likely
burden of the only gradual recovery in air traffic in the short
term."

S&P expects gategroup to preserve its sound liquidity profile
largely due to liquidity sources on-hand. Gategroup's available
liquidity sources will be sufficient to cover its liquidity needs
amid a continued recovery in air traffic. This assessment is
underpinned by the company's ample available cash on hand, the
undrawn portion of a liquidity line from the shareholders (Swiss
franc (CHF) 475 million), and forecast lower negative free
operating cash flow (FOCF). Gategroup is no longer subject to
financial maintenance covenants, which have been replaced by a
minimum liquidity test of EUR25 million. Its liquidity is further
supported by an absence of material debt repayments before 2026.

Gategroup's capacity to deleverage is limited in the short term and
its debt burden remains considerable, resulting in a highly
leveraged financial profile. S&P said, "We forecast that
gategroup's S&P Global Ratings-adjusted leverage (debt-to-EBITDA
ratio) will remain elevated in 2022. This is based on our base-case
EBITDA of CHF120 million-CHF150 million, which is well below 2019
levels, but up from the about CHF60 million reported in 2021 and
negative EBITDA in 2020. FOCF is unlikely to be positive in 2022,
according to our base-case scenario, because the company is likely
to require some working capital investments as business prospects
improve and may see a moderate growth in capex created by limited
spending in the past two years."

S&P said, "The stable outlook reflects our view that gategroup will
sustain its adequate liquidity position, while its financial
leverage will remain high for the next 12 months, and that the
company is dependent upon favorable air traffic conditions to turn
cash-flow positive, restore its balance sheet, and meet its
financial commitments.

"We could lower our rating if passenger demand fell short of our
expectation of an uninterrupted recovery over the rest of 2022,
hindering a recovery of gategroup's EBITDA and leading to a large
FOCF deficit and dwindling liquidity headroom. We could also lower
our rating if we considered a distressed debt restructuring or any
other specific default scenario to be likely within 12 months.

"To upgrade gategroup, we would need to be confident that air
travel demand was robust enough to enable the company to restore
its financial strength. This would include EBITDA generation
trending toward pre-pandemic levels, FOCF turning positive, and
adjusted debt to EBITDA dropping to below 10x, while the company
would also have to demonstrate a stable liquidity position."

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

S&P said, "Social factors are a very negative consideration in our
credit rating analysis of gategroup, reflecting the susceptibility
of the aviation industry to health and safety disruptions.
Gategroup's cash flows and liquidity have been hit by the
pandemic-related decline in air travel, which forced the company to
restructure its debt. Gategroup derives most of its revenue from
on-board catering and directly selling food and non-food products
to passengers, meaning the vast majority of its earnings are
directly correlated to air passenger volumes. Although the
near-term traffic outlook is improving, passenger volumes will stay
below pre-pandemic levels in 2022 and 2023, according to our
base-case scenario. This will weigh on the company's EBITDA
generation and delay recovery in cash flow and leverage. Governance
factors are a moderately negative consideration. Our assessment of
gategroup's financial risk profile as highly leveraged reflects
corporate decision-making that prioritizes the interests of the
controlling owners, in line with our view of the majority of rated
entities owned by private-equity sponsors. Our assessment also
reflects the owners' generally finite holding period and their
focus on maximizing shareholder returns."




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

ATLAS FUNDING 2022-1: Moody's Assigns B1 Rating to Class X2 Notes
-----------------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to Notes
issued by Atlas Funding 2022-1 PLC:

GBP310.952M Class A Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Aaa (sf)

GBP25.607M Class B Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Aa2 (sf)

GBP14.633M Class C Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Aa3 (sf)

GBP9.145M Class D Mortgage Backed Floating Rate Notes due February
2060, Definitive Rating Assigned A2 (sf)

GBP4.572M Class E Mortgage Backed Floating Rate Notes due February
2060, Definitive Rating Assigned Baa2 (sf)

GBP5.473M Class X1 Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Ba2 (sf)

GBP7.316M Class X2 Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned B1 (sf)

GBP0.918M Class Z1 Mortgage Backed Fixed Rate Notes due February
2060, Definitive Rating Assigned Caa3 (sf)

Moody's has not assigned a rating to the subordinated GBP5.474M
Class Z2 Mortgage Backed Fixed Rate Notes due February 2060.

RATINGS RATIONALE

The Notes are backed by a pool of United Kingdom 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 GBP 60
million, with all new assets being added to the pool, prior to the
first interest payment date.

The portfolio of assets amount to approximately GBP306 million as
of April 30, 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 United
Kingdom 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- Rating on Class X2 Notes
-------------------------------------------------------------
S&P Global Ratings assigned its credit ratings to Atlas Funding
2022-1 PLC's mortgage-backed notes.

At closing, the issuer prefunded 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 consists 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 used 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 benefit from the security granted in favor of the
security trustee, BNY Mellon Corporate Trustee Services Ltd.

S&P said, "There are no rating constraints in the transaction under
our counterparty, operational risk, or structured finance sovereign
risk criteria. We consider the issuer to be bankruptcy remote in
accordance with our legal criteria."

  Ratings

  CLASS     RATING*     AMOUNT (GBP)

  A         AAA (sf)     310,952,000

  B-Dfrd    AA (sf)       25,607,000

  C-Dfrd    A (sf)        14,633,000

  D-Dfrd    BBB (sf)       9,145,000

  E-Dfrd    BB (sf)        4,572,000

  Z1-Dfrd   CCC (sf)         918,000

  X1-Dfrd   BB (sf)        5,473,000

  X2-Dfrd   B- (sf)        7,316,000

  Z2        NR             5,474,000

*S&P's 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 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.


BL CONSUMER II: DBRS Confirms CCC Rating on Class X Notes
---------------------------------------------------------
DBRS Ratings GmbH confirmed the ratings on the notes issued by BL
Consumer Issuance Platform II S.a r.l., acting in respect of its
Compartment BL Consumer Credit 2021 (the Issuer) as follows:

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

The ratings on the Class A and Class B notes address the timely
payment of interest and ultimate repayment of principal on or
before the legal final maturity date. The ratings on the Class C,
Class D, Class E, Class F, and Class X notes address the ultimate
payment of interest and principal on or before the legal final
maturity date, and the timely payment of interest while the
senior-most class outstanding.

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

-- Portfolio performance, in terms of charge-off rates, principal
payment rates, yield rates, and delinquencies as of the February
2022 payment date;

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

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

-- No revolving termination events have occurred.

The transaction is a securitization of revolving credit receivables
and fixed-rated instalment loans, originated and serviced by Buy
Way Personal Finance SA (Buy Way) in Belgium and Luxembourg.

The collateral portfolio consists of four main product types:
revolving credit cards, revolving loans without credit cards,
Special Drawings, and fixed-rate instalment loans. The transaction
is currently in its three-year revolving period, scheduled to end
on the March 2025 payment date, provided no early amortization
events occur. The legal final maturity date is on the September
2038 payment date.

PORTFOLIO PERFORMANCE

As of the February 2022 payment date, the monthly principal payment
rate (MPPR) on the revolving portion of the portfolio was 8.0%,
averaging 8.6% since closing. The annualized gross charge-off rate
on the revolving portion of the portfolio was 3.3%, averaging 2.2%
since closing.

As of the February 2022 payment date, cumulative defaults for
instalment loans was low at 1.5% of the total instalment loans
purchased since closing.

As of the February 2022 payment date, the annualized yield rate on
the overall portfolio was 9.7%, averaging 9.6% since closing.

As of the February 2022 payment date, receivables that were two to
three months in arrears and receivables more than three months in
arrears represented 0.1% of the outstanding receivables balance in
both cases.

PORTFOLIO ASSUMPTIONS AND KEY DRIVERS

DBRS Morningstar maintained its base case MPPR, charge-off rate,
yield rate and recovery rate assumptions on the revolving portion
of the portfolio at 6.5%, 4.4%, 11.6%, and 25%, respectively.

DBRS Morningstar maintained its base case default rate and recovery
rate assumptions on the instalment portion of the portfolio at
7.0%, and 25%, respectively.

CREDIT ENHANCEMENT

The credit enhancement (CE) to each class of notes consists of
subordination of more junior classes of notes and has been stable
since closing due to the transaction revolving period. CE to each
class of notes is as follows:

-- CE to the Class A Notes at 28.0%,
-- CE to the Class B Notes at 21.0%,
-- CE to the Class C Notes at 15.0%,
-- CE to the Class D Notes at 7.5%,
-- CE to the Class E Notes at 4.5%,
-- CE to the Class F Notes at 2.3%,
-- CE to the Class X Notes at 0.0.%.

The transaction benefits from a General Reserve that covers senior
expenses, swap payments, and interest shortfall on the Class A,
Class B, and Class C Notes, subject to certain trigger events. The
General Reserve is permitted to amortize, with the target level set
at 1.2% of outstanding balances of the Class A, Class B, and Class
C notes, subject to a floor of EUR 1.3 million. The General Reserve
is currently at its target level of EUR 3.1 million.

Citibank Europe plc, Luxembourg Branch (Citibank Luxembourg) acts
as the Issuer Account Bank for the transaction. Based on DBRS
Morningstar's private rating on the parent company of the account
bank, the downgrade provisions outlined in the transaction
documents, and other mitigating factors inherent in the transaction
structure, DBRS Morningstar considers the risk arising from the
exposure to the account bank to be consistent with the rating
assigned to the Class A Notes, as described in DBRS Morningstar's
"Legal Criteria for European Structured Finance Transactions"
methodology.

Natixis S.A. (Natixis) acts as the swap counterparty for the
transaction. DBRS Morningstar's private rating of Natixis is above
the First Rating Threshold as described in DBRS Morningstar's
"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 credit card
transactions. The ratings are based on additional analysis to
expected performance as a result of the global efforts to contain
the spread of the coronavirus.

Notes: All figures are in euros unless otherwise noted.


DERBY COUNTY FOOTBALL: Kircher Says Takeover "Almost Complete"
--------------------------------------------------------------
Matt Davies and Matt Lee at DerbysyhireLive report that Chris
Kirchner's takeover of the Derby County Football Club is "almost
complete", the American businessman has said on Twitter on May 15.

According to DerbysyhireLive, Mr. Kirchner secured another
extension to his exclusivity period on Friday, May 13, which was
due to end at midnight on Saturday (May 14), but he has now been
given another 48 hours to wrap up the takeover.

The exclusivity period is a timeframe in which only one party can
complete a takeover of the club -- former Newcastle United owner
Mike Ashley is reportedly waiting in the wings in case Mr.
Kirchner's attempt fails, DerbysyhireLive states.

Derby County FC have been in administration for eight months and
Mr. Kirchner was named as the preferred bidder in April,
DerbysyhireLive notes.  On the proposed takeover, the
administrators said on May 9 there are now "just a small number of
outstanding matters to be agreed with the EFL and in relation to
the club's stadium at Pride Park", DerbysyhireLive relates.

                 About Derby County Football Club

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

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


GRANGEMOUTH REFINERY: Trade Union Seeks Meeting with Minister
-------------------------------------------------------------
Alex Lawson at The Guardian reports that trade union bosses are
seeking an urgent meeting with Scottish first minister Nicola
Sturgeon amid uncertainty surrounding the future of the Grangemouth
oil refinery.

Grangemouth is one of just six oil refineries in Great Britain and
supplies two-thirds of the petrol and diesel for forecourts in
Scotland as well as large volumes for the north of England and
Northern Ireland.

Located at Falkirk in Scotland, it is owned by Petroineos, a joint
venture formed in 2011 between the state-owned Chinese oil giant
PetroChina and Ineos, part of the billionaire Jim Ratcliffe's
petrochemical empire.

According to The Guardian, city sources have said PetroChina is
keen to sell its stake.  However, there are fears that the business
could fall into administration if a buyer is not found, The
Guardian notes.

PetroChina is responsible for most of the financing requirements at
the refinery, which made significant losses during the pandemic as
oil demand collapsed, The Guardian states.  The Unite union has
asked for meetings with Sturgeon and Alister Jack, the secretary of
state for Scotland, to discuss the situation and whether the
government might need to intervene to save jobs, The Guardian
relates.

About 2,000 people are employed at the Grangemouth site including
600 within the refinery itself.  Refining has taken place at
Grangemouth since 1919.

According to The Guardian, Pat Rafferty, Scottish secretary of
Unite, said the union has been informed that there is "no threat of
sale or significant restructuring". But he added: "We believe that
in light of the strategic national importance of the site to the
UK's energy needs, and in the context of reducing our exposure to
Russia, it would be diligent to assess potential scenarios that
involve changes to the Grangemouth oil refinery."

In November 2020, Grangemouth scaled back its capacity from
processing 210,000 barrels a day to 150,000, The Guardian
recounts.

Petroineos Manufacturing Scotland took a GBP44.7 million impairment
charge as a result, according to The Guardian.  In its latest
accounts, losses grew to GBP89.9 million in 2020, from a loss of
GBP26.1 million in 2019, The Guardian notes.


MORTIMER BTL 2022-1: Moody's Assigns B2 Rating to GBP4.7MM X Notes
------------------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to Notes
issued by Mortimer BTL 2022-1 PLC:

GBP234.9M Class A Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Aaa (sf)

GBP16.2M Class B Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Aa3 (sf)

GBP9.5M Class C Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Aa3 (sf)

GBP4.1M Class D Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned A1 (sf)

GBP5.4M Class E Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Ba2 (sf)

GBP4.7M Class X Mortgage Backed Floating Rate Notes due March 2054
Definitive Rating Assigned 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 GBP270 million as
of April 4, 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.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities 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:

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.

NEW BEGINNINGS: Enters Liquidation Following Financial Woes
-----------------------------------------------------------
Mkfm106.3 reports that New Beginnings Bridal Boutique in Newport
Pagnell, Milton Keynes, released a statement on May 13 stating that
the store has gone into liquidation.

According to Mkfm106.3, the statement reads: "Choosing to close the
business was not a decision that came lightly.  It was a very
thought out process, but ultimately we made the decision to close
with a plan in place to ensure all brides with items on order would
still receive their dresses.

"Like all business, we make a profit in order to survive.  In
addition to this, the way business to business trading works is
that all items are on invoice terms.  This means they only become
due for payment once we have been invoiced for them.  We are only
invoiced once the items are made and available.

"The decision was made to use any profit that we had accumulated
and all balances that we had to still collect from orders we have
in store.  This way, all orders would be paid for and fulfilled and
there would be no detriment to any of our customers or designers
from us closing our business.

"Sadly, as soon as we announced that we were closing, rumours began
spreading.  We are fully aware of where these began and the
intentions behind them.  These rumours, as they so often do,
spiralled out of control despite attempts to set the record
straight.  A very unfortunate result of these rumours; however, was
that many Brides were led to believe that they would not get their
dresses nor their money which was completely untrue.  This then
resulted in many people requesting full refunds, issuing
chargebacks and refusing to pay the remaining balances on their
orders.

"It became apparent at the start of this week that due to the
above; we were in a very precarious and difficult financial
situation, which we would not have been in had these rumours not
spread.

"We have not made contact during this week whilst we assessed the
situation, made attempts to rectify the situation and reviewed our
options.  We did not want to provide information that would cause
more panic or provide false hope.

"Unfortunately, we have no other option than to go into
liquidation.  We have sought guidance every step of the way during
this very difficult period and have done everything with the best
interests of our Brides in mind.

"We recognise and understand how stressful this situation is and
sincerely apologise for any upset caused.

"This was never our intention.  We have had to take this action due
to the situation that we have been left in."


PARK HALL: Goes Into Liquidation, Owes Almost GBP1 Million
----------------------------------------------------------
Jamie Lopez at LancsLive reports that the business behind an iconic
Lancashire hotel which closed down after a failed attempt to
convert it to asylum accommodation is being wound down with debts
of almost GBP1 million.

Park Hall Hotel in Charnock Richard closed down in February at
almost no notice for staff and visitors as the then owners
attempted to strike a deal with the Government over the potential
new use, LancsLive recounts.  That move left employees out of work
and almost all planned functions and weddings cancelled without
warning, LancsLive notes.

However, the plan which would have seen the rural Chorley hotel
used as temporary accommodation for people awaiting asylum
decisions and it has since only reopened once for a club night
celebrating the anniversary of Wigan Pier, LancsLive relays.  Owner
Aysha King has now placed the company in liquidation in a process
being handled by Smith & Barnes Insolvency Practitioners; a company
which is also known as Affordable Liquidators, LancsLive discloses.
According to LancsLive, a first Statement of Affairs prepared by
the firm reveals that the company has no assets and debts of
GBP960,000.

This includes GBP228,000 owed to HMRC; GBP130,000 owed to Mr. King
from a director's loan; and GBP39,000 owed to former partner Best
Western, LancsLive states.  A further GBP29,000 is outstanding to
Chorley Borough Council, LancsLive notes.

Several smaller, local businesses are also facing the prospect of
missing out on money for goods and services provided in the past,
LancsLive relays.

Documents submitted to Companies House confirm that the liquidator
was officially appointed on May 4, when a resolution was passed to
begin the winding up process, LancsLive discloses.  According to
LancsLive, Although the business was sold to Harwinder Singh for
GBP3 million during the pandemic,
Ms. Khan remains registered as the sole director and she is listed
as chairperson in the winding up resolution.

LancsLive has previously reported that, prior to its formal
appointment, Smith & Barnes contacted potential creditors to warn
of the impending liquidation.  In its letter, it stated the
company's "tangible assets and business were sold to Mr. Singh" for
GBP3 million, with the funds used to repay Goldcrest Finance Ltd
which had provided a loan for the previous purchase of the hotel in
2019, LancsLive states.  According to Smith & Barnes, "this will be
reviewed by the duly appointed liquidator".

The letter went on to blame the pandemic as the cause of the
financial problems which have led to the impending collapse of the
business, LancsLive relates.  According to LancsLive, it stated:
"Due to the Covid-19 pandemic, the Company was unable to trade due
to the restrictions put in place.  Even when the business was able
to trade, substantial trading restrictions were still in place and
the Company was unable to trade to its full capacity, and therefore
began with cash flow problems.

"The Company secured a small bounce-back loan from the government
funding scheme which was utilised to pay the expenses of the
Company.  This removed some pressure in the short term, but
unfortunately, this was not sufficient to support the Company's
cash flow and ongoing cost. "

It concluded that the company was unable to continue to pay its
debts as and when they fell due, the GBP3 million offer was made
and accepted, LancsLive states.  This was used to pay the majority
of the near GBP4 million debt to Goldcrest, with the shortfall
written off, according to LancsLive.


PAVILLION POINT 2021-1A: DBRS Finalizes B Rating on 2 Tranches
--------------------------------------------------------------
DBRS Ratings Limited finalized its provisional ratings on the
following classes of notes issued by Pavillion Point of Sale
2021-1A PLC (the Issuer):

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

DBRS Morningstar did not rate the Class Z Notes, Class R Notes,
Class S1 Certificate, Class S2 Certificate, or Class Y Certificate
also issued in this transaction.

The ratings on the Class A and Class B Notes address the timely
payment of scheduled interest and the ultimate repayment of
principal by the legal final maturity date. The ratings on the
Class C, Class D, Class E, Class F, and Class X Notes address the
ultimate payment of interest and repayment of principal by the
legal final maturity date.

The collateralized notes are backed by a portfolio of
interest-free, unsecured, amortizing point-of-sale loans granted to
private individuals domiciled in the UK and serviced by Clydesdale
Financial Services Limited (CFS, trading as Barclays Partner
Finance; the originator and servicer), an indirect wholly owned
subsidiary of Barclays PLC (Barclays).

The ratings are based on the following analytical considerations:

-- The transaction's capital structure, including form and
sufficiency of available credit enhancement;

-- Credit enhancement levels that are sufficient to support DBRS
Morningstar's projected expected net loss assumptions under various
stressed scenarios;

-- The ability of the transaction to withstand stressed cash flow
assumptions and repay investors according to the terms of the
notes;

-- The originator's capabilities with regard to originations,
underwriting, and servicing as well as the financial strength of
its parent;

-- The transaction parties' financial strength with regard to
their respective roles;

-- The credit quality of the collateral, and historical and
projected performance of the portfolio;

-- DBRS Morningstar's sovereign rating on the United Kingdom of
Great Britain and Northern Ireland, currently at AA (high) with a
Stable trend; and

-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.

TRANSACTION STRUCTURE

The transaction includes an 11-month revolving period until January
2023. During the revolving period, the originator may offer
additional receivables that the Issuer will purchase, provided that
the eligibility criteria and portfolio criteria set out in the
transaction documents are satisfied. The revolving period may end
earlier than scheduled if certain events occur, such as the breach
of performance triggers, insolvency of the originator, or
replacement of the servicer.

The transaction allocates payments in separate interest and
principal priorities and benefits from a liquidity reserve, with a
target balance equal to 1.25% of the outstanding Class A and Class
B Notes' balance. The liquidity reserve can be used to cover
shortfalls in senior expenses, servicing fees, swap payments,
interest payments on the Class A Notes, Class S1 Certificate
payments, Class S2 Certificate payments, and interest payments on
the Class B Notes when interest collections are not sufficient.
Principal funds can also be reallocated to cover the above
shortfalls if the interest collections and the liquidity reserve
are insufficient.

At the end of the revolving period, the notes will be repaid on a
fully sequential basis.

COUNTERPARTIES

Barclays Bank PLC (Barclays Bank) is the account bank for the
transaction. DBRS Morningstar currently has a Long-Term Issuer
Rating of "A" and a Long Term Critical Obligations Rating of AA
(low) with Stable trends on Barclays Bank. Based on the downgrade
provisions outlined in the transaction documents and other
mitigating factors inherent in the transaction structure, DBRS
Morningstar considers the risk arising from the exposure to the
account bank to be consistent with the assigned ratings, as
described in DBRS Morningstar's "Legal Criteria for European
Structured Finance Transactions" methodology.

Barclays Bank is also the interest rate swap counterparty for the
transaction, which meets DBRS Morningstar's criteria to act in such
capacity. The transaction documents also contain downgrade
provisions that are not fully consistent with the criteria as the
replacement swap provider may not have DBRS Morningstar rating.

DBRS Morningstar analyzed the transaction structure in Intex
Dealmaker.

COVID-19 CONSIDERATIONS

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 asset-backed
security transactions.

ESG CONSIDERATIONS

In December 2020, the Financial Conduct Authority issued a section
166 notice and required CFS to appoint a skilled person to
undertake a review of its lending portfolio to establish whether
there was any evidence of any actual and/or potential customer harm
caused by (1) poor broker practices and inadequate affordability
processes, or (2) weaknesses in the current broker oversight
framework and affordability assessment. The unaudited analysis of
the portfolio shows that under 1% of receivables have potential
indicators of customer distress with an additional 2% still under
assessment. Under the terms of the purchase, Barclays (via its
subsidiaries) agrees to indemnify the Issuer for any purchased
receivables that are affected by remediation matters.

DBRS Morningstar considers that the legal and regulatory risk
implication from the skilled person's review is relevant under
'Transaction Governance' in DBRS Morningstar's environmental,
social, and governance (ESG) analytical framework for structured
finance transactions, but not significant enough to cause any
rating notching compared with the level implied by the cash flow
analysis.

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


SAFE HANDS: Gov't. Urged to Set Up Emergency Fund to Help Victims
-----------------------------------------------------------------
Zoe Wood at The Guardian reports that the government has been urged
to set up an emergency fund to help victims of failed funeral
companies, after a recent collapse of a firm left 46,000 people
facing losses.

In March, Safe Hands collapsed into administration, in a blow for
customers who had used it to cover their funeral costs, The
Guardian recounts.

Campaigners have warned that other firms could also fail, leaving
customers in "funeral poverty", The Guardian notes.

According to The Guardian, FRP, the restructuring firm appointed to
handle Safe Hands' administration, says the company does not have
enough money in its coffers to cover its commitments.

For the next six months, Dignity, one of the UK's biggest
undertakers, has agreed to provide funerals for Safe Hands
customers on a "not-for-profit" basis and will offer plans to
surviving customers, The Guardian discloses.

However, many are set to lose money as a result of the collapse,
The Guardian states.

The Safe Hands failure comes at a critical time for the
funeral-selling industry, which will face tough new rules from July
29, when it comes under the remit of the Financial Conduct
Authority (FCA), The Guardian relays.

Campaigners have started a petition calling on the government to
create a fund for victims of failed companies, The Guardian states.
They fear more people will find themselves in the same situation
as Safe Hands customers and are calling on the government to
"protect the victims from funeral poverty", according to The
Guardian.  If the petition gathers 10,000 signatures, the
government will have to respond, The Guardian states.

FRP is still getting to the bottom of what happened to Safe Hands'
cash but its recent update painted a grim picture, The Guardian
notes.

The private equity-backed company used two fund managers to invest
customers' money, FRP says, one of which has gone into liquidation.
According to The Guardian, it has about GBP4 million in cash as
well as shares in UK-listed firms, which can be sold.  However, a
significant proportion has gone into high-risk investments, often
in offshore jurisdictions, The Guardian says.

Dignity will ask customers who opt to transfer their plan to make
additional contributions, The Guardian relates.  It says it will
price these new plans as "cheaply as possible", with customers
potentially able to spread the cost over five years, The Guardian
discloses.


US HOUSE: Enters Administration, Seeks Buyers for Assets
--------------------------------------------------------
Business Sale reports that the US House Group modular housing joint
venture has fallen into administration, with buyers set to be
sought for various assets.

According to Business Sale, the company, which operates a factory
in Alfreton, Derbyshire, collapsed as a result of operational
issues relating to the facility and has reported losses in recent
financial accounts.

The group is a joint venture between Urban Splash and Sekisui House
UK, the UK subsidiary of Japanese firm, with each owning 48 per
cent and the remaining 4 per cent stake owned by Homes England.
The US House Group collectively comprises seven firms: Urban Splash
House Holdings Ltd; Urban Splash House Investments Ltd; Urban
Splash House Ltd; Urban Splash Modular Ltd; Port Loop Holdings Ltd;
Port Loop Ltd and Port Loop (Subco1) Ltd.

The company is involved in a number of ongoing developments,
including the Northstowe site in Cambridge, which forms part of a
wider proposed development of 10,000 houses on Homes England land.
The US House Group has also been involved in schemes such as East
Float at Wirral Waters, New Islington in Manchester, Port Loop in
Birmingham and Grappenhall Woods in Warrington.

Formed in 2018, the group was established through Urban Splash's
acquisition of SIG's modular subsidiary, including the firm's
Derbyshire factory.  In 2019, Sekisui House acquired its stake in a
deal which saw it make a GBP22 million initial investment, while
Homes England also invested GBP30 million in debt and equity
funding, Business Sale discloses.

Daniel Smith and Adrian Berry of Teneo Financial Advisory Limited
were appointed joint administrators to the companies within the
group on May 11 and will look to oversee the completion or sale of
the group's ongoing development sites, as well as exploring sale
options for the Alfreton factory, Business Sale relates.




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

[*] BOND PRICING: For the Week May 9 to May 13, 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.


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