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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, July 4, 2022, Vol. 23, No. 126

                           Headlines



A U S T R I A

NOVOMATIC AG: S&P Affirms 'BB' ICR & Alters Outlook to Positive


C R O A T I A

ZAGREB CITY: Moody's Puts Ba1 Issuer Rating on Review for Upgrade


F R A N C E

CERELIA PARTICIPATION: Moody's Alters Outlook on 'B3' CFR to Neg.


G E R M A N Y

ADLER PELZER: S&P Affirms 'B-' ICR & Alters Outlook to Negative


K A Z A K H S T A N

EURASIAN RESOURCES: S&P Upgrades ICR to 'B', Outlook Stable


N E T H E R L A N D S

AMMEGA GROUP: Fitch Affirms LongTerm IDR at 'B-', Outlook Stable


R U S S I A

ANTIPINSKY OIL: NST Blames Sberbank for Bankruptcy


U N I T E D   K I N G D O M

BULB: Chief Executive to Step Down Amid Sale Process
HAWK DEVELOPMENTS: Placed Into Creditors Voluntary Liquidation
ITS TUBULAR: Oil Tycoon Files GBP600MM Lawsuit Over Collapse
URBAN SPLASH: Peel to Continue Work at Wirral Housing Project
URBN CONSTRUCTION: Owes GBP3.5MM to Creditors, Documents Show



X X X X X X X X

[*] BOND PRICING: For the Week June 27 to July 1, 2022

                           - - - - -


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NOVOMATIC AG: S&P Affirms 'BB' ICR & Alters Outlook to Positive
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S&P Global Ratings revised its outlook on Novomatic AG to positive
from negative and affirmed its 'BB' ratings on the group and its
debt.

The positive outlook reflects the possibility of an upgrade over
the next 12 months if the company deleverages further, such that
S&P Global Ratings-adjusted debt to EBITDA drops to, or below, 2x
or below and S&P Global Ratings-adjusted FOCF to debt improves
sustainably above 20%.

Novomatic's operating performance is recovering faster than its
prior expectation, thanks to an increasing demand in the B2B
technology segment.

Following the lifting of pandemic-related restrictions, many
arcades resumed their plans to upgrade their land-based equipment,
prompting a surge in Novomatic's technology segment order book. As
a result, the technology segment's revenue increased 20.4% in 2021
to EUR806 million from EUR670 million a year earlier. This
contributed to total revenue growth of about 5.7% in 2021, marking
a pronounced improvement over the 33.1% reduction experienced
year-on-year in 2020. That said, the segment's revenue in 2021
recovered to only 85% of levels before the pandemic. Some
countries, such as Austria and Germany, lifted their full
COVID-19-related restrictions only recently, and land-based arcades
started to renew their equipment only in the first half of 2022.
S&P said, "Consequently, we believe that the segment will continue
to rebound over the remainder of the year. We forecast segment
revenue growth of about 30% in 2022 to about EUR1.1 billion,
thereby surpassing the 2019 revenue (EUR946 million) by about
11%."

Although the business-to-consumer segment (B2C) operations
segment's revenue still lags that of the other segments, it should
reach pre-pandemic levels by year-end. Revenue from the B2C gaming
operations segment in 2021, at about 60% of its 2019 level,
remained subdued, since they were affected by the pandemic-related
restrictions imposed in almost all Novomatic's markets. Even though
the group's online subsidiary Greentube performed well in 2021,
overall, the share of revenue that the company generates from
online and digital sources stands near 20%. This is significantly
lower than that of peers such as Aristocrat Leisure
(BB+/Positive/--), Entain (BB/Stable/--), or Flutter Entertainment
(BB+/Positive/--), which generate 45%-90% of their gaming revenue
online. Nevertheless, now that restrictions have been lifted in
almost all geographies in which Novomatic operates, we anticipate a
swift recovery of its land-based operations, particularly in
Germany and Austria. Moreover, the company is expanding its
geographical footprint of operations in this segment, both online
and offline. In our base case, we expect Novomatic's B2C operations
revenue to increase 55% this year to about EUR1.6 billion from
EUR1.0 billion in 2021, almost bouncing back entirely to
pre-pandemic levels.

S&P said, "Novomatic's 2021 profitability hit a record high thanks
to cost efficiency and optimization measures, but we expect the
EBITDA margin to normalize this year. In 2021, Novomatic's reported
EBITDA dropped about 15% to EUR588 million from EUR685 million in
2019. Despite the absolute level remaining subdued during 2021, the
EBITDA margin expanded to 31.1% in 2021 from 17.5% in 2020. This
came thanks to operational efficiency and optimization measures,
such as the unwinding of some gold reserves, subsidies received
from governments, tax redemptions, and much smaller foreign
exchange losses compared with 2020, boosting EBITDA. We expect
absolute EBITDA to recover to its pre-pandemic level in this fiscal
year. That said, profitability will decrease due to higher
marketing expenses, as the company enters new markets and the
impact from inflationary pressure in the majority of Novomatic's
geographies, namely Central and Western Europe. We anticipate an
adjusted EBITDA margin of 25%-26% in 2022."

Novomatic's management is proactively reducing debt and targets a
conservative financial policy of below 2.0x, based on
company-reported net leverage.In February 2022, the company
launched a cash tender offer to purchase more than half of its
existing traded bonds, financed via partial drawdowns of their
revolving credit facility (RCF), short-term financing, and cash on
balance sheet. As a result, over the past six months, Novomatic's
financial indebtedness outstanding has declined to EUR1.2 billion
from EUR1.4 billion at Dec. 31, 2021. S&P now forecasts S&P Global
Ratings-adjusted debt to EBITDA of 2.3x-2.5x in 2022, down from
3.0x in 2021. Novomatic is targeting a financial policy of
company-reported net debt to EBITDA of below 2.0x.

On top of the potential reputational risks, legal proceedings could
constrain Novomatic's ability to do business if current
investigations lead to prosecution or other actions. The Austrian
economic and corruption authorities' investigations into Novomatic,
including current and former employees, executives, and its
shareholders, continues. The allegations include attempting to
illegally influence gaming legislation and licensing in Austria and
seeking beneficial support from the government in return for
favors. The investigations are connected to broader allegations
surrounding a political scandal in Austria, which began in 2019,
and are likely to continue for some time. S&P said, "We understand
Novomatic and named parties deny any wrongdoing and are defending
themselves against all allegations, and we believe the
investigations have so far had a minimal impact on Novomatic's
business. However, the longer the investigations continue, the more
likely they are to harm the group's reputation. We particularly
note the potential reputational damage that could stem from legal
proceedings against the company or connected parties." Gaming
operators rely on their good standing and reputation, and that of
their key personnel, with regulators to maintain gaming licenses.
This has always been the case with Novomatic, unless an escalation
of the current legal issues complicates matters.

S&P said, "The positive outlook reflects our forecast that, in the
next 12 months, Novomatic could exceed pre-pandemic levels of
revenue and EBITDA and deleverage such that S&P Global
Ratings-adjusted debt to EBITDA decreases to 2.3x-2.5x and FOCF to
debt improves to about 15%-18%. In our view, material FOCF is key
to sustaining Novomatic's creditworthiness in the higher end of our
'BB' rating category since it demonstrates rising headroom and
financial flexibility to meet the group's operating, financing, and
strategic commitment and goals."

S&P could raise the rating on Novomatic in the next 12 months if:

-- The group decreases its leverage to 2x or below and remains
committed to a company reported net leverage ratio of comfortably
below this level;

-- Organic revenue and EBITDA continue to increase;

-- Adjusted FOCF to debt improves sustainably to 20% or above;
and

-- The ongoing investigations do not result in a detrimental
outcome for the group.

S&P could downgrade the company if:

-- Changes in regulatory, competitive, or economic conditions in
Novomatic's key markets hampered the group's recovery and constrain
EBITDA, such that adjusted debt to EBITDA surpasses 3x;

-- The company pursued material debt-financed acquisitions or
shareholder return such that the leverage ratios exceed the target
ratio over a prolonged period, and the group appeared to deviate
from its financial policy target;

-- FOCF underperformed our base case, such that adjusted FOCF to
debt fell below 15%;

-- The investigations led to, for example, prosecution or other
legal action, or revealed unethical behavior. Although it is not
our base-case scenario, we could consider lowering the rating if
investigations carried on much longer than expected and therefore
tainted Novomatic's reputation or standing in operating or
financial markets.

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

S&P said, "Social factors are now a moderately negative
consideration in our credit rating analysis of Novomatic, because
we believe the negative impact from the COVID-19 pandemic has
softened. The company now operates at 100% capacity, since
pandemic-related restrictions due to the pandemic are lifted in
almost all countries in which Novomatic operates. Like most gaming
companies, Novomatic is exposed to regulatory and social risks and
the associated costs related to increasing player health and safety
measures, prevention of money laundering, and changes to gaming
taxes and laws. Governance factors remain a negative consideration.
We note the ongoing investigation into allegations of potential
corruption and bribery involving the company and certain employees.
Novomatic denies involvement, is defending its position, and is
cooperating with authorities. We also note that as a privately held
company, the control and majority ownership of the group is held
predominately by its founding owner, and we believe that the
company is likely to prioritize the interests of its controlling
shareholder."




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ZAGREB CITY: Moody's Puts Ba1 Issuer Rating on Review for Upgrade
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Moody's Investors Service has placed the Ba1 long-term issuer
rating of the City of Zagreb and the Ba1 long-term issuer ratings
of Zagrebacki Holding D.O.O. (Zagrebacki Holding) on review for
upgrade. The City of Zagreb's Baseline Credit Assessment (BCA) of
ba1 was also placed on review for upgrade.

The rating action follows Moody's decision to place on review for
upgrade the Ba1 rating of the Government of Croatia's on June 24,
2022.

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

RATIONALE FOR INITIATING THE REVIEW FOR UPGRADE

The decision to place the ratings of Zagreb and Zagrebacki Holding
on review for upgrade follows the decision to place Croatia's
government rating on review for upgrade, caused by the
recommendation of the EU Economic and Financial Affairs Council on
June 17 proposing that Croatia adopt the euro as its domestic
currency as of January 1, 2023.

The review period will mirror the review period of the sovereign
rating and will likely last until mid-July to allow Moody's to
determine whether progress towards formalizing Croatia's membership
of the euro area through the adoption of the relevant EU legal acts
will take place as expected.              

An eventual adoption of the euro would have significant positive
implications for the country's credit profile with positive
repercussions for regional and local governments including the
capital city of Zagreb and its Zagrebacki Holding. Moody's expect
that the euro adoption will improve the operating environment for
the two entities, eliminate FX risk on existing debt, and allow
access to broader financial markets and funding sources.
Furthermore, it will have positive effects on the municipal economy
by reducing transaction costs and eliminating any remaining foreign
currency risks with the most important trade partners. Improved
economic prospects will likely attract investments which may
contribute to Zagreb's higher tax base in the future.

The Ba1 rating of the City of Zagreb reflects the city's large and
well diversified local economy contributing to a tax revenue base
with low volatility and a positive growth trend. Its traditionally
prudent budgetary management resulted in solid operating surplus of
7% of operating revenue in 2021, expected to further improve over
the coming two years. With total financial surpluses expected in
2022, the city's low direct debt will remain below 30% of operating
revenue this year. The net direct and indirect debt including the
debt of some of its city-owned companies, is moderate around 66% of
its operating revenues in 2022 and will further decline going
forward thanks to improving financial results and largely
self-funded capex.

Over the most recent years, the city was able to scale down its
capital expenditures, a reaction to lower revenue generation
capacity. In 2020 and 2021, capital expenditures were around 12%
and 13% of total expenditures, with some degree of flexibility, as
some projects can be delayed or abandoned if required. The
projections for 2022 capital expenditures indicate a level of
around 15% of total expenditures, which Moody's consider realistic
despite the risks surrounding the economic growth for the next few
years.

Moody's has placed on review for upgrade the city's Baseline Credit
Assessment (BCA) of ba1. The Ba1 rating for Zagreb also
incorporates a moderate level of extraordinary support from the
Government of Croatia, reflecting Moody's assessment of the city's
strategic importance to the national economy.

Zagrebacki Holding's issuer rating takes into account (1) the very
strong linkages between the Holding and its support provider, the
City of Zagreb, as reflected in Zagrebacki Holding's clear public
policy mandate (2) its key role in the city's utilities sector, and
(3) Moody's assessment that the City of Zagreb would provide timely
support should the entity face acute liquidity stress. As a result,
Moody's believes that it is not meaningful to distinguish between
the two entities and therefore the Holding's rating is solely
derived based on city's creditworthiness. Zagrebacki Holding's
rating benefits from the stable institutional and operational
framework and strict control over the Holding's operations
exercised by the City of Zagreb.

ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS

ZAGREB

Zagreb's ESG Credit Impact Score is neutral to low (CIS-2),
reflecting moderate exposure to environmental and low exposure to
social risks, while benefiting from the European integration is
further enhancing the city's institutional and governance
capacity.

Zagreb's overall Environmental issuer profile score is assessed as
moderately negative (E-3), reflecting moderate exposure to physical
climate risks. Laying on the bank of Sava river, the city has some
exposure to flood risk, but Zagreb has continuously taken measures
to protect against floods. The City of Zagreb is responsible for
investing in water and waste treatment facilities and
reconstruction of sewerage system to improve the collection of
water and storm water as well as waste thus raising the efficiency
of the infrastructure and service provision.

Zagreb's Social issuer profile score is assessed as neutral to low
(S-2). Zagreb is more exposed to net immigration flows. The
unemployment rate in Zagreb is lower than the average for Croatia,
and the average salary in Zagreb is higher than that in the
remaining parts of the country. Access to education, health care
facilities and provision of basic services are good.

Zagreb's solid institutions and governance strength is reflected in
a neutral to low Governance  issuer profile score (G-2). This is
underpinned by the city's high credibility in managing its
operations and development by using prudent financing planning,
which allows for multiyear forecasting of key trends. Zagreb has an
ability to identify potential pressures, allowing for sufficient
time to adopt mitigation measures.

ZAGREBACKI HOLDING D.O.O.

In the case of Zagrebacki Holding D.O.O. Moody's assess the
significance of ESG factors to its credit profile is as follows:

Environmental considerations are not material to Zagrebacki
Holding's credit profile.

Social considerations are not material to the Zagrebacki Holding's
rating. The Holding is exposed to risks stemming from socially
driven policy agendas, and it is also affected by the impact of
demographic trends and customer relationships on demand.
Nevertheless these risks are not material for the rating, given
Zagrebacki Holding's strategic role and the support coming from the
City of Zagreb.

Governance risks are material to Zagrebacki Holding's rating. The
governance framework is intrinsically intertwined with the
supporting government, which exerts strong oversight and ultimately
takes key decisions.

The specific economic indicators, as required by EU regulation, are
not available for these entities. The following national economic
indicators are relevant to the sovereign rating, which was used as
an input to this credit rating action.

Sovereign Issuer: Croatia, Government of

GDP per capita (PPP basis, US$): 32,943 (2021) (also known as Per
Capita Income)

Real GDP growth (% change): 10.2% (2021) (also known as GDP
Growth)

Inflation Rate (CPI, % change Dec/Dec): 5.2% (2021)

Gen. Gov. Financial Balance/GDP: -3.3% (2021) (also known as Fiscal
Balance)

Current Account Balance/GDP: 3.3% (2021) (also known as External
Balance)

External debt/GDP: 74.6% (2021)

Economic resiliency: baa1

Default history: No default events (on bonds or loans) have been
recorded since 1983.

SUMMARY OF MINUTES FROM RATING COMMITTEE

On June 23, 2022, a rating committee was called to discuss the
rating of Zagreb, City of; Zagrebacki Holding D.O.O. The main
points raised during the discussion were: The systemic risk in
which the issuers operate has materially decreased.

A rating downgrade is unlikely given the review for upgrade. Both
entities' ratings will likely be confirmed at current level, if the
sovereign rating is confirmed.

The rating of the city of Zagreb could be upgraded if the sovereign
rating is upgraded, provided that the city maintains good financial
performance and low direct debt levels.

The ratings of Zagrebacki Holding could be upgraded if the rating
of the city is upgraded.

The sovereign action on Croatia published on June 24, 2022 required
the publication of this credit rating action on a date that
deviates from the previously scheduled release date in the
sovereign release calendar, published on www.moodys.com.

The principal methodology used in rating Zagreb, City of was
Regional and Local Governments published in January 2018.




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CERELIA PARTICIPATION: Moody's Alters Outlook on 'B3' CFR to Neg.
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Moody's Investors Service has changed to negative from stable the
outlook on the ratings of Cerelia Participation Holding SAS, the
parent company of Cerelia Group ("Cerelia" or "the company"), a
leading pan-European manufacturer of chilled dough and pancakes
with a presence in North America. Concurrently, Moody's has
affirmed the company's B3 corporate family rating and B3-PD
probability of default rating as well as the B3 ratings on the
EUR495 million-equivalent senior secured term loan B due 2027
(comprising euro-denominated and US dollar-denominated tranches)
and the EUR100 million senior secured revolving credit facility
(RCF) due 2026, both borrowed by Cerelia Participation Holding
SAS.

"The outlook change to negative reflects Cerelia's weaker than
expected operating performance owing to increasing input costs and
operational challenges in North America. As a result, its margins
and cash flow have deteriorated, while its leverage will increase
to around 10x in 2022," says Valentino Balletta, a Moody's Analyst
and lead analyst for Cerelia.

"However, we have affirmed the B3 rating because Cerelia's
liquidity remains adequate following the recently signed financing
package that will restore availability under its EUR100 million
senior secured revolving credit facility due in 2026," adds Mr
Balletta.

RATINGS RATIONALE

Cerelia's operating performance has been severely impacted
year-to-date through April 2022 relative to the comparable period
in 2021 owing to (1) a persistent increase in input costs,
including raw materials, packaging, transport and energy prices,
which is currently only partially passed-through to customers and
with a time lag; (2) supply chain disruptions mostly in the North
American business, which have severely disrupted the ongoing
ramp-up phase of the Whitehall factory; and (3) the normalization
of consumption trends after benefitting from extraordinary at-home
food consumption trends during the pandemic.

While sales remained above last year (+3.5%) with price increases
more than offsetting the limited decline in volume (-1%), the
company's adjusted EBITDA declined by around 30% in the first 10
months of fiscal year 2022, to EUR52 million (EUR71 million in the
comparable period in 2021). This deterioration in operating
performance, coupled with higher-than-expected working capital
absorption, had a negative impact on cash flow, resulting in a
material cash burn and substantial deterioration in the company's
liquidity position.

The ratings affirmation reflects the expectation that Cerelia's
liquidity will remain adequate following the new financing package
comprising a EUR70 million term loan provided by a pool of banks
and 90% guaranteed by the Government of France (Aa2 stable) and an
up to EUR25 million equity injection from the existing shareholder,
mainly private equity firm Ardian, which includes a EUR10 million
upfront payment. The remaining EUR15 million equity injection is
conditional on (1) the company's cash balances falling below a
certain threshold or (2) the breach of the EUR65 million capex
covenant over the next 24 months.

The EUR70 million term loan is 90% guaranteed by the French
government, as part of a scheme aimed at supporting the country's
corporates amid the consequences triggered by the pandemic and the
economic spillovers of the Russia-Ukraine military conflict. The
loan is due in 12 months, although its maturity can be extended by
up to five years at Cerelia's discretion.

Although the new financing allows the company to keep an adequate
liquidity profile, which is considered to be a differentiating
factor at this stage, it structurally increases the company's gross
debt and financial leverage, with Moody's adjusted debt /EBITDA
expected to be at around 10x in fiscal year 2022 (pro forma for the
General Mills European Dough business acquisition and the new
financing), with limited deleveraging prospects to 8.0x through
fiscal year 2024.

While Moody's expects the company to be able to gradually improve
the overall profitability from current levels by implementing
pricing actions and reducing the time lag to pass on those
increases to customers by negotiating shorter-term price contracts,
visibility on the pace of improvement remains low, given the
current inflationary and supply chain headwinds as well as the
operational challenges in North America.

Cerelia's B3 CFR continues to be supported by the company's (1)
leading market shares in niche product categories, including pie
dough, pizza dough and pancakes, across its core European markets;
(2) geographically diversified sales, with pan-European presence
and exposure to North America; (3) track record of maintaining
long-term relationships with key private-label customers, which
provides a degree of revenue visibility, complemented by a
portfolio of own brands, which facilitate taking innovations to the
market; and (4) low production costs, with opportunities for
further reduction and high share of variable costs.

However, the rating is constrained by (1) the company's very high
leverage estimated to be at around 10x as of June 2022, though
expected to gradually decline over the next 12-18 months; (2)
Cerelia's modest scale, with revenue of EUR535 million, and focus
on relatively niche market segments; (3) the execution risks
related to the company's volume-driven growth strategy, which
primarily rests on its ability to launch new innovative products,
implement cross-selling, expand to new markets and pursue
co-manufacturing opportunities; and (4) near term margin pressure
stemming from the current inflationary environment and some
execution risk in restoring profitability in the North American
business.

LIQUIDITY

Cerelia's liquidity is adequate and is supported by approximately
EUR24 million of cash on balance sheet as of end-June 2022
(pro-forma for the new financing) and the restored full
availability under the EUR100 million committed senior secured
RCF.

The company's ambitious investment plan to support its growth
strategy has been mostly completed. However, Moody's does not
expect pressure on working capital to ease in the next 12 to 18
months owing to persistent supply chain challenges and the need to
allow for shorter payment terms to secure supplies. As a result,
Moody's expects Cerelia to generate negative Moody's-adjusted free
cash flow of around EUR15 million through FY 2023, while turning
positive only in FY 2024. The company will have no material debt
maturities until 2026, when its senior secured RCF is due.

The senior secured RCF includes a springing financial covenant of
senior secured net leverage not exceeding 9.0x, tested only when
drawings under the facility exceed 40%. As part of the financing,
Cerelia obtained a covenant holiday with testing starting only from
March 2023.

STRUCTURAL CONSIDERATIONS

The B3 ratings on the EUR495 million-equivalent senior secured term
loan B (comprising a EUR457.5 million euro-denominated tranche and
a EUR37.5 million-equivalent US dollar-denominated tranche) and the
EUR100 million senior secured RCF, both borrowed by Cerelia
Participation Holding SAS, are in line with the CFR, reflecting the
fact that these two instruments rank pari passu and represent the
majority of the company's financial debt. The senior secured term
loan B and the senior secured RCF have first priority ranking
pledges over the shares of the borrower as well as bank accounts
and intragroup loan receivables and are guaranteed by the group's
operating subsidiaries representing at least 80% of the
consolidated EBITDA. Moody's considers the security package to be
weak, in line with the rating agency's approach for share pledges.
In addition, the capital structure includes around EUR43 million of
real estate financing, partially secured with a specific security
on the financed real estate.

In June 2022, Cerelia raised a EUR70 million unsecured
state-guaranteed (PGE) loan. Moody's views this loan as
structurally subordinated to the company's senior secured loans, as
it does not benefit from operating companies' guarantees.

The B3-PD PDR assigned to Cerelia Participation Holding SAS
reflects Moody's assumption of a 50% family recovery rate, given
the weak security package and the covenant lite nature of the
financing.

RATIONALE FOR NEGATIVE OUTLOOK

Cerelia is weakly positioned in the B3 rating category, and there
is limited headroom for any deviation in operating performance
compared with Moody's expectations.

The negative outlook on the rating reflects Moody's expectation
that the company's Moody's adjusted leverage will remain above the
7.0x maximum leverage tolerance for the B3 rating category over the
next 12 to 18 months while FCF will remain negative at least
through FY 2023.

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

The ratings could be downgraded if the company (1) faces a
significant decline of sales volumes and revenue leading to a
sustained erosion of profit margins; (2) fails to sustainably
reduce its Moody's-adjusted gross debt to EBITDA ratio towards 7.0x
over the next 12 to 18 months; or (3) does not maintain adequate
liquidity.

An upgrade, although considered unlikely in the near term, would be
possible if it (1) successfully executes its strategy,
demonstrating a solid track record of sales growth and improving
margins; (2) achieves a sustainable profitability improvement in
North American business; (3) reduces Moody's-adjusted gross debt to
EBITDA ratio towards 6.0x; and (4) generates positive free cash
flow on a sustainable basis.

LIST OF AFFECTED RATINGS

Affirmations:

Issuer: Cerelia Participation Holding SAS

Probability of Default Rating, Affirmed B3-PD

LT Corporate Family Rating, Affirmed B3

Senior Secured Bank Credit Facility, Affirmed B3

Outlook Actions:

Issuer: Cerelia Participation Holding SAS

Outlook, Changed To Negative From Stable

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Consumer
Packaged Goods published in June 2022.

COMPANY PROFILE

Cerelia Participation Holding SAS is the parent company of Cerelia
Group, the leading pan-European manufacturer of ready-to-bake and
ready-to-heat bakery products with a presence in North America,
domiciled in France. The company produces primarily pie dough,
pizza dough and kits, pancakes, crepes and pancake bites, cookie
dough and baked cookies, crescent and other baked products. Cerelia
was created in 2012 through the merger of Eurodough and
L'Alsacienne de Ptes Menageres. The company employs over 1,600
people and operates 13 production facilities, including 4 in North
America, across 7 countries. For the year ended June 2021, the
company sold 228 thousand tonnes of bakery products and reported
revenue of EUR535 million and EBITDA of EUR77 million.




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ADLER PELZER: S&P Affirms 'B-' ICR & Alters Outlook to Negative
---------------------------------------------------------------
S&P Global Ratings revised its outlook on Germany-based auto
supplier Adler Pelzer Holding GmbH to negative from stable, and
affirmed its 'B-' ratings on the company and its EUR425 million
senior secured notes.

The negative outlook indicates that S&P could lower the ratings if
the group is unlikely to generate positive FOCF in 2022-2023, or if
it sees a weakening of liquidity due to delays in the refinancing
of upcoming debt maturities, operating setbacks, or additional
governance issues.

The pronounced uncertainty on auto production forecasts and rising
interest costs could hurt Adler Pelzer's earnings and cash flows.
Continuing supply chain constraints exacerbated by the
Russia-Ukraine war are causing volatility in auto production
because original equipment manufacturers (OEMs) must occasionally
stop production due to the shortage of certain components, such as
semiconductors. S&P said, "Our current base-case scenario envisions
an increase in auto production of 3%-4% in 2022 and 8%-10% in 2023.
For the first three months of 2022, auto production decreased by
about 3%. Our scenario therefore implies a recovery in volumes in
the second part of the year and a rebound in 2023. Given Adler's
high fixed costs, inherent to the capital intensity of the auto
industry, we think that a lower-than-expected recovery in
production volumes would likely dent the company's EBITDA and
FOCF." In addition, Adler's debt service costs will likely increase
after the refinancing of its EUR40 million super senior loan
maturing on June 25, 2023 (currently paying Euribor + 2.75%); and
of its EUR425 million 4.125% senior secured notes becoming due on
April 1, 2024, because central banks are raising policy rates to
combat persisting inflation. This represents an additional headwind
to Adler Pelzer's FOCF.

Adler Pelzer's optimized working capital boosts the company's FOCF.
The company exhibits long payable days: about 135 days at
December-end 2021 and about 139 days at March-end 2022. Standard
payment conditions for suppliers in the auto industry are closer to
90 days (except for tooling), S&P therefore notes that a
normalization in payment terms toward industry standard could also
adversely affect Adler Pelzer's FOCF prospects.

Adler relies on successful negotiations with OEMs to offset rising
costs on raw materials, energy, and transportation. As a
manufacturer of acoustic and thermal components, Adler Pelzer is
mostly exposed to raw materials derived from oil such as
polyurethane and thermoplast. The price of Brent crude oil surged
to $75 per barrel (/bbl) in 2021 from $40/bbl in 2020. S&P said,
"We estimate that it will increase further to $100/bbl on average
in 2022. To offset the increase in raw material costs (50% of 2021
sales including tooling and trading goods), energy (about 3%), and
transportation, Adler must negotiate with its customers
pass-through arrangements that generally come with a time lag of
three to six months. The company's EBITDA margin decreased to 7.9%
in 2021 from 9.9% in 2020, due to the volatility in auto production
induced by the semiconductors shortages as well as sharp
inflationary trends on input costs observed in the second half of
2021. Our expectation that Adler Pelzer will maintain its EBITDA
margin around 7%-9% in 2022-2023 implies that the company will
obtain meaningful compensation from customers." Adler Pelzer
reported an EBITDA margin of 8.2% in first-quarter 2022.

S&P said, "We continue to consider Adler Pelzer's liquidity as less
than adequate because of the company's reliance on short-term
credit lines that are usually rolled over yearly.Considering the
company's cash balances of about EUR170 million at end-March 2022
(after deducting EUR50 million of cash not readily accessible), we
expect that Adler Pelzer will cover its cash needs for the next 12
months. The company's next significant debt maturity is on June 25,
2023, with the EUR40 million super senior loan; followed by the
maturity of the EUR425 million senior secured notes on April 1,
2024.

"We have negatively reassessed Adler Pelzer's management and
governance to weak from fair.This is because Adler Pelzer has filed
its annual audited accounts with delays for the second time in the
past three years. In 2020, the company indicated that the late
filing of the 2019 accounts was due to the COVID-19 pandemic. This
year, the company attributed the delay to extra due diligence
procedures requested by auditors in relation to the acquisitions
completed in June and October 2021. Additionally, we note that
Adler's group structure is complex with several holdings above
Adler Pelzer Holding GmbH, namely Adlergroup S.p.A, Adler Plastic
S.p.A, and Gaia Holding Srl, that are controlled by a Japanese auto
supplier Hayashi Telempu Corp. (HTC) and the Scudieri family. FSI,
the Italian private equity fund, sold its 28% shares in Adlergroup
to Adler Plastic. We understand that, subsequently in March 2022,
HTC bought 28% of the shares in Adlergroup. We consider that Adler
Pelzer's transparency on public disclosure appears as generally
weaker than peers', on a relative basis.

"The negative outlook indicates that we could lower the ratings on
Adler Pelzer in the next 12 months if the group is unlikely to
generate positive FOCF in 2022-2023, or if we see a weakening of
liquidity because of delays in the refinancing of upcoming debt
maturities, operating setbacks, or additional governance issues."

S&P could lower its rating on Adler Pelzer if it thinks its capital
structure has become unsustainable due to:

-- Negative FOCF or debt to EBITDA remaining at or above 6x
Inability to refinance its EUR40 million super senior loan due in
June 2023 and its EUR425 million notes due in April 2024 well in
advance.

S&P said, "We could revise our outlook to stable if Adler Pelzer
manages cost inflation and improving its profitability such that
FOCF to debt trends toward 5% and debt to EBITDA approaches 5x. An
outlook revision to stable would also hinge on a stronger liquidity
profile, underpinned by higher cash balances, additional committed
credit lines, or a material reduction in short-term liabilities.
Alternatively, we could revise the outlook to stable if Adler
Pelzer's transparency on public disclosure improves, and the group
structure becomes simpler, leading us to review our management and
governance assessment."

Environmental, Social, And Governance

ESG credit indicators: To E-2, S-2, G-5; From E-2, S-2, G-4

Governance factors are a very negative consideration in S&P's
credit rating analysis, because the late filing of its 2019 and
2021 audited consolidated accounts, the lower transparency in the
public disclosure, as well as the group structure consisting of
several layers of holdings, could hinder the company's ability to
refinance its debt. Environmental factors are a neutral
consideration. AP primarily manufactures acoustic and thermal
components as well as hard trims for light vehicles and trucks, so
it bears limited exposure to ICE powertrains, resulting in low
exposure to the energy transition risks of the automotive sector.

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

-- Transparency and reporting




===================
K A Z A K H S T A N
===================

EURASIAN RESOURCES: S&P Upgrades ICR to 'B', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings raised its long-term issuer credit rating on
Kazakhstani miner Eurasian Resources Group S.a.r.l. (ERG) to 'B'
from 'B-' and affirmed its 'B' short-term rating.

The stable outlook reflects S&P's expectation that ERG will
maintain FFO to debt above 20% in the coming years, even under
normalized industry conditions, and abstain from increasing its
gross debt.

ERG will sustainably maintain FFO to debt above 20% if it keeps
debt at current levels. S&P said, "As expected, the group reduced
its gross debt to $7.1 billion in 2021--our key debt metric since
we don't net ERG's cash with debt. With the current asset setup, we
believe the group's EBITDA should be about $2 billion through the
cycle. Coupled with current debt levels, this should support debt
to EBITDA of below 3.5x, which corresponds to FFO to debt of about
20% through the cycle. To maintain its current debt levels, we
expect ERG to apply a balanced approach and finance its dividends,
capital expenditure (capex), and any potential acquisitions from
currently solid cash flows. ERG has a history of prioritizing
investments over debt reduction, which resulted in very weak credit
metrics, questioning the sustainability of the capital structure.
Therefore, any meaningful debt accumulation could lead to a
downgrade if we believe it would not support 20% FFO to debt
through the cycle."

S&P said, "EBITDA will likely reach $4.9 billion in 2022 but we
expect it to moderate toward a more normalized $2.1 billion-$2.4
billion in 2025 as industry conditions normalize. Demand for all of
ERG's products remains strong in 2022 with ferrochrome prices
exceeding $3 per pound in all key markets and Europe hitting an
all-time high, and cobalt exceeding $80,000 per ton, to stand short
of 2018 highs. Aluminum and copper prices also remained above their
multi-year averages in first-half 2022, all thanks to strong demand
from expanding global economies and expectations of structural
deficits in the coming years. Still, we expect prices for ERG's key
products to moderate over the next few years as central banks
tighten their monetary policies and global economic growth slows.
Copper and aluminum are very sensitive to economic growth, having
already experienced a meaningful correction in May-June 2022, and
we expect the trend to continue with other minerals affected as
well. We therefore assume ERG's EBITDA will stand at $3.3
billion-$3.6 billion in 2023, $2.3 billion-$2.6 billion in 2024,
and $2.1 billion-$2.4 billion in 2025."

The company has minimized its exposure to Russia, but geopolitical
risks could evolve quickly. S&P said, "Being based in Kazakhstan,
which generally has extensive links to Russia, we expect ERG to
face increased compliance risk globally in the near term as the
Russia-Ukraine conflict evolves and Russia faces mounting
sanctions. ERG has worked extensively to minimize its exposure to
Russia by cutting its reliance on certain Russian counterparties.
As part of its efforts, it suspended iron ore and pellets shipments
to Magnitogorsk Iron and Steel Works (MMK), one of Russia's largest
steel producers, due to concerns about the longer term stability of
that counterparty in the context of sanctions related to the
ongoing conflict. We understand that ERG currently has very limited
reliance on supplies from Russia as well as Russian transport
links, given much of its sales go to China through the
Kazakhstan/China border. Still, Kazakhstan is highly reliant on
Russia, particularly for oil transportation links, and geopolitical
risks create uncertainties for ERG's credit profile. We note, that
close to one-third of ERG's EBITDA now comes from the Democratic
Republic of Congo (DRC), which provides some diversification from
the Commonwealth of Independent States region."

S&P said, "ERG missed a payment to a non-Russian subsidiary of a
Russian bank, which we don't view as default, and has rescheduled
upcoming payments. In April 2022, ERG was unable to make an
interest payment to a non-Russian subsidiary of a Russian bank,
which is under U.S. sanctions. We also understand that the company
and its two largest Russian lending banks mutually agreed to
postpone payments on outstanding loans to 2024, which should give
all sides time to find a solution to make future payments. We don't
view missed payments to sanctioned entities as defaults if we
believe the company has the capacity and willingness to make the
payment (see "How Our Definition Of Default Takes Account Of
Sanctions And Other Types Of Payment Restrictions," published April
14, 2022, on RatingsDirect). We therefore think ERG did not default
given its strong operating performance and sufficient resources to
make the payments. That said, the situation could weigh on ERG's
credit profile in the longer run, given it is unable to repay debt
to its largest creditors and will have to accumulate cash until
repayment is possible. We also think that ERG has limited funding
options and increasingly depends upon its ability to generate
positive free cash flow.

"Our view of ERG's creditworthiness remains constrained by
governance factors.ERG's management and governance is weak, in our
opinion, reflecting the company's track record of not fully
efficient internal controls and what we see as a relatively
aggressive treasury policy. We note the group's track record of
increased spending on long-term expansion project RTR at the
expense of debt reduction. Also, ERG has a high exposure to a
single, relatively small bank in Kazakhstan (which is also a
related party), where it keeps roughly 40% of its currently
sizeable cash balances--an approach we see as fairly aggressive.
Furthermore, the U.K.'s criminal investigation into ERG's fully
owned subsidiary Eurasian Natural Resources Corp., which started in
2013, remains a risk. The investigation by the Serious Fraud Office
also weighs on the company's profile, although no official charges
have been placed and the potential financial consequences are hard
to estimate. We will continue monitoring developments to assess the
investigation's potential effects on ERG's credit quality.

"The stable outlook reflects our expectation that ERG will continue
to benefit from its diverse product portfolio and the supportive
market environment, resulting in EBITDA of $4.8 billion-$4.9
billion in 2022 and $3.3 billion-$3.6 billion in 2023. This should
allow the company to maintain FFO to debt of considerably above
20%, which we consider sufficient under supportive industry
conditions. We don't expect ERG to accumulate any additional gross
debt in the coming years.

"We also expect the company to maintain sufficient liquidity
sources to cover its needs amid limited external financing
availability and maintain a reasonably diversified treasury policy
that avoids accumulating more than half of its cash buffers at a
single bank.

"We could lower the rating on ERG if the company adopts a more
aggressive financial policy, prioritizing new investments and
dividends combined with debt accumulation, especially in less
supportive industry conditions. ERG's inability to maintain FFO to
debt at above 20% through the cycle could result in a downgrade."

Although unlikely for now, un upgrade of ERG could materialize
because of further gross debt reduction, supporting FFO to debt of
more than 30% through the cycle. An upgrade would also be dependent
upon materially lower funding and liquidity risks as well as
improvement of governance practices. Still, S&P sees this scenario
as currently unlikely because of ERG's limited capacity to reduce
debt, since it effectively cannot make payments to two of its key
creditors, which are under sanctions.

ESG credit indicators: E-3, S-4, G-5

S&P said, "Governance factors have a very negative influence on our
credit rating analysis on ERG due the company's track record of
project delays and not fully efficient internal controls. The
ongoing investigation by the U.K.'s Serious Fraud Office also
weighs on the company's profile, although no official charges have
been placed and potential financial consequences are hard to
estimate. Social factors are a negative consideration, because
Kazakhstan's government-related entities have limited flexibility
in managing their headcount, especially at times of stress, since
the government is keen to maintain employment at high levels. This
reduces ERG's flexibility in managing its cost base. Environmental
factors are a moderately negative consideration, reflecting the
company's focus on mining operations. Somewhat mitigating this, we
note that cobalt, one of the ERG's key products generating 28% of
revenue in 2020, is an important component in several types of
lithium-ion batteries, with good demand growth prospects, since
batteries are important for the energy transition and proliferation
of electric vehicles."




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

AMMEGA GROUP: Fitch Affirms LongTerm IDR at 'B-', Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed industrial belt manufacturer Ammega
Group B.V.'s Long-Term Issuer Default Rating (IDR) at 'B-' and
senior secured rating at 'B-' with a Recovery Rating of 'RR4'. The
Outlook on the IDR is Stable.

The rating reflects Ammega's leverage metrics, which Fitch expects
will improve from previous high levels, but remain somewhat weaker
than Fitch's expectations for a 'B-' rating in the medium term. As
a result of higher input costs and investments Ammega's 2021 EBITDA
margin was lower than Fitch previously forecasts, leading us to
revise Fitch's forecasts down for the second consecutive year.

The company's strong cash generation has been temporarily pressured
by working capital build-up and investments in organic growth, but
Fitch expects the free cash flow (FCF) margin to return to
mid-single digits in the medium term, which is reflected in the
Stable Outlook.

KEY RATING DRIVERS

Lower Margin Trajectory: Higher input costs combined with a lag in
implementing price increases resulted in lower profitability in
2021 than Fitch forecast, despite an improvement from the previous
year. As costs have continued to increase in 1H22, Fitch expects
further pressure on the margins. However, the Fitch forecast EBITDA
margin of 16.3% in 2022 is strong for the rating and the agency
expects an improvement from 2023, based on price increases,
productivity measures and cost savings within procurement and in
the manufacturing footprint. Fitch forecasts the EBITDA margin to
reach 17.2% in 2024, which is a lower trajectory than in Fitch's
previous forecasts.

Moderate Deleveraging: Management has not communicated a leverage
target, but Fitch sees some deleveraging ambition related to the
second-lien debt following the repayment of USD23 million of the
USD186 million facility in 2021. Fitch does not rule out additional
partial repayments ahead of maturity in 2026. Nevertheless, Fitch
forecasts total gross debt/EBITDA to remain high for the rating in
the medium term. Fitch expects total gross debt/EBITDA to
strengthen to 6.9x in 2022 from 7.7x in 2021, supported by
improving absolute EBITDA. Thereafter, Fitch forecasts continued
moderate deleveraging to 5.5x in 2025, a level which is within the
sensitivities for the current rating.

Recovered Growth: There was a strong recovery in Ammega's markets
in 2021, with double-digit revenue growth in all regions. This
resulted in overall revenue growth of 18%, with increasing market
shares mainly in rubber and modular belts. To keep up with demand,
Ammega has invested in growth initiatives, such as additional
production capacity, especially in the Americas and EMEA. Fitch
expects some demand volatility due to the inflationary and
uncertain market situation, but Fitch views Ammega as more
resilient than many other Fitch-rated manufacturing companies, due
to its exposure to the non-cyclical food industry and strong
replacement business.

Working Capital Pressuring FCF: Ammega has a profitable and
cash-generative financial profile, but the FCF margin turned
negative in 2021. This was a result of higher capex related to
capacity expansion and higher inventory to improve delivery times.
The inventory valuation was also driven by US dollar appreciation.
Fitch forecasts the FCF margin to remain negative at around 1% in
2022 as working capital and capex rise to support organic growth
and weigh on cash flow. As the inflationary pressure eases, Fitch
expects the FCF margin to return to mid-single digits from 2024,
while Fitch forecasts capex to stabilise around 5% of revenue,
which is in line with or somewhat higher than peers.

Lower Acquisition Appetite: Ammega has made continuous bolt-on
acquisitions since the merger of Ammeral Beltech and Megadyne in
2018, of which the acquisition of US-based Midwest Industrial
Rubber (MIR) in 2020 was the largest. High inflation and general
uncertainty about the economic outlook have decreased the
acquisition pace in the sector while multiples remain at high
levels. Fitch expects Ammega to remain a key player in
consolidation of the fragmented belt manufacturing industry.
However, in the short term Fitch forecasts growth to mainly be
organic through investments in the manufacturing footprint.

Supportive Product Demand: Fitch expects growth to come from
increasing application and installation of belt products to support
the rise of automation in industrial processes, and greater
precision and efficiency requirements from direct end-users, as
well as original equipment manufacturers and distributors. The belt
replacement cycle of up to two years drives Ammega's strong
replacement business. About 70% of revenue is generated from
replacing and upgrading belts. Fitch believes that Ammega's ability
to cross-sell products and retain recurring replacement sales will
support earnings resilience in the medium term.

DERIVATION SUMMARY

Ammega has market-leading positions within the niche
belt-manufacturing segment, supported by its diverse product
portfolio, geographical footprint and broad customer base. The
group's direct competitors are larger and more diversified
manufacturers, but their belting segment is smaller or equal to
Ammega's production capacities. In the belt segment, the group
faces direct competitors in Forbo, Rexnord Corporation and Gates.
These peers are bigger and more diversified but Ammega is exposed
to more stable end-markets and generates EBITDA and FCF margins in
line with peers, albeit with substantially higher leverage.

Ammega's EBITDA margin is higher than that of TK Elevator Holdco
GmbH (B/Stable) and Schoeller Packaging B.V. (B-Stable) and FCF
generation is somewhat better at low single digit numbers. Ammega
and Schoeller's small scale and the high gross leverage of TK
Elevator and Ammega constrain their ratings. INNIO Group Holding
GmbH (B/Stable) generates higher profitability than Ammega and has
somewhat lower leverage, which explains the one-notch rating
difference.

KEY ASSUMPTIONS

-Revenue to increase around 15% in 2022 followed by around 4%
annual growth 2023-2025;

-- Fitch-adjusted EBITDA margin to decrease to 16.3% in 2022 due
    to inflated costs before it recovers to around 17% on full-
    year impact of cost increases, accretive bolt-on acquisitions,

    cost synergies and efficiency improvements;

-- Capex around 6% of revenue in 2022 and around 5% of revenue
    2023-2025;

-- Working capital outflow of 4% of revenue in 2022 before it
    normalises at around 0.3%;

-- No dividend payment;s

-- Acquisitions of EUR16 million in 2022 and EUR25 million
    annually until 2025;

-- Extension of the revolving credit facility (RCF) with maturity

    in 2025;

-Partial prepayments of the second-lien debt financed by temporary
drawings of the RCF.

KEY RECOVERY ASSUMPTIONS

-- The recovery analysis assumed that Ammega would be
    restructured as going concern rather than liquidated in a
    default;

-- Fitch applies a distressed enterprise value/EBITDA multiple of

    5.5x to calculate a going-concern enterprise value, in line
    with an average multiple for industrial and manufacturing
    peers in the 'B' rating category. The multiple reflects
    Ammega's high share of recurring revenue and the critical
    nature of Ammega's products in customers' production
    processes;

-- Fitch estimates post-restructuring going-concern EBITDA at
    EUR110 million;

-- Fitch assumes the EUR205 million RCF is fully drawn in a post
    restructuring scenario;

-- After a 10% deduction for administrative claim Fitch's debt
    waterfall analysis generated a ranked recovery in the 'RR4'
    band, indicating a 'B-' instrument rating. The principal and
    interest waterfall analysis output percentage on current
    metrics and assumptions is 44%.

RATING SENSITIVITIES

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

-- Debt/EBITDA below 5.5x;

-- FFO gross leverage below 6.5x on a sustained basis;

-- EBITDA/interest paid above 2.5x;

-- FCF consistently above 5%.

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

-- Debt/EBITDA above 7.5x;

-- FFO gross leverage greater than 8.5x on a sustained basis;

-- EBITDA/interest paid below 2x;

-- EBITDA margin below 15%;

-- FCF consistently neutral to negative;

-- Acquisition activity increasing the group's risk profile.

BEST/WORST CASE RATING SCENARIO

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

LIQUIDITY AND DEBT STRUCTURE

Moderate Liquidity: As of end-1Q22, Ammega had a Fitch-adjusted
cash balance of around EUR54 million and EUR125 million undrawn of
the EUR150 million RCF, which was recently increased toEUR205
million. Fitch forecasts a slightly negative FCF margin in 2022 due
to negative working capital changes followed by low-to-mid-single
digits in 2023-2025. The EUR25 million drawdown on the revolving
credit facility was made in 1Q22 to have a buffer for working
capital requirements. Fitch does not rule out further drawdowns to
fund the currently high working capital build-up.

Moderate Refinancing Risk: Ammega has no debt maturities in the
next three to four years. Its debt comprises a seven-year senior
secured covenant-lite EUR980 million term loan B with maturity in
mid-2025 and an eight-year USD163 million (after USD23 million
repayment) second-lien facility with maturity in mid-2026. The
EUR205 million RCF (partly drawn) is due in January 2025.

ISSUER PROFILE

Ammega has leading market positions as a global manufacturer of
lightweight conveyor and power transmission belts to a number of
end-markets. With reported sales of EUR924 million in 2021, Ammega
operates in more than 40 countries across Europe, North America,
Latin America, Asia and Australia, with a distribution network
covering 150 countries.

ESG CONSIDERATIONS

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

   DEBT               RATING                   RECOVERY   PRIOR
   ----               ------                   --------   -----
Ammega Group B.V.    LT IDR    B-    Affirmed             B-

   senior secured    LT        B-    Affirmed    RR4      B-




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

ANTIPINSKY OIL: NST Blames Sberbank for Bankruptcy
--------------------------------------------------
Irene Garcia Perez at Bloomberg News reports that sanctioned
Russian lender Sberbank PJSC caused the bankruptcy of the
Antipinsky Oil Refinery in Western Siberia, according to Swiss
trader New Stream Trading AG.  

Sberbank "had full control of the management of Antipinsky" from
mid-November 2018 and took steps leading to it "procuring the
breaches" of the refinery's existing contracts, NST said, quoting
from a ruling by a tribunal constituted under the London Court of
International Arbitration, Bloomberg relates.  

A spokesperson for the LCIA declined to confirm NST's
interpretation of the case, citing confidentiality reasons.

NST, which marketed the refinery's products until the facility went
bankrupt in 2019, brought the case against Sberbank seeking the
return of its pre-payments for petroleum products that weren't
delivered, Bloomberg recounts.

The arbitration tribunal discharged NST of its liabilities before
Sberbank and its Swiss unit, which amounted to more than one
billion dollars, and ordered Sberbank to reimburse 85% of NST's
legal fees, Bloomberg relays, citing NST's statement.

In response, Sberbank said the tribunal had "denied NST in full in
recovery of damages from the Bank," Bloomberg quotes a spokesperson
as saying by email.  NST "could not refute the concealment of
information about the off-balance multibillion-dollar guarantees
accepted by the Antipinsky Refinery and the withdrawal of money by
the management and the owner of the plant," the Sberbank statement
said, Bloomberg notes.  

The European Union approved sanctions earlier this month cutting
the Russian lender off from the international payments system
SWIFT, as punishment for the nation's invasion of Ukraine,
Bloomberg recounts.  Sberbank aims to complete the sale of its
Swiss unit by mid-July, first deputy chief executive officer
Alexander Vedyakhin said in an interview this month, according to
Bloomberg.

The refinery's bankruptcy "falls solely within the competence of
Russian courts," Sberbank, as cited by Bloomberg, said in its
statement.  The Tyumen regional arbitration court ruled Antipinsky
went bankrupt due to the "ineffective administration" of its former
owners and its "high debt overburden," they said.

Sberbank was the main lender to the debt-laden refinery, which was
previously controlled by New Stream and its owner Dmitri Mazurov,
Bloomberg discloses.  The bank gained control of the facility in
2019 after it filed for bankruptcy, Bloomberg relays.

NST, Bloomberg says, has also filed a claim in the cantonal court
of Zug, Switzerland against Sberbank and its Swiss unit seeking
compensation for Antipinsky Oil Refinery's default on its product
deliveries under prepaid contracts with NST, according to the
statement from the trader.




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

BULB: Chief Executive to Step Down Amid Sale Process
----------------------------------------------------
Nathalie Thomas and David Sheppard at The Financial Times report
that Bulb chief executive Hayden Wood will leave the collapsed
British energy supplier at the end of July, as the UK government
hopes to seal a sale of the group that was bailed out by
taxpayers.

Mr. Wood had stayed on at Bulb after it was placed into "special
administration" last year and propped up with a UK taxpayer loan,
initially of GBP1.7 billion, the FT discloses.

His continued presence at the company raised eyebrows given the
scale of the rescue -- it was the UK's biggest taxpayer bailout of
a company since government interventions in Royal Bank of Scotland
and HBOS in 2008, the FT notes.

He has been criticised by MPs for continuing to receive a
taxpayer-funded salary of GBP250,000 as he assisted special
administrators from Teneo in finding a buyer, the FT states.

Staff were informed at an internal briefing on June 30 that Mr.
Wood would depart at the end of July.  One person familiar with the
matter said he would not receive a severance package, the FT
relates.

The UK government is in the process of trying to auction off the
group, the FT relays.  Centrica, the owner of British Gas, pulled
out of the race this month, leaving UK rival Octopus Energy and
Masdar, an energy company from Abu Dhabi, as the only two confirmed
bidders in the running, the FT recounts.

No replacement chief executive has been appointed, the FT says.
Mr. Wood's roles will be divided among the remaining executive
team, according to the FT.

The company has continued to rack up losses and costs for consumers
since entering administration, with Bulb making an GBP886 million
loss in the six months since nationalisation, the FT relays, citing
reports from administrators released earlier this month.

Scores of creditors, many of them small businesses, are owed GBP585
million and are unlikely to be paid, the FT notes.

Bulb is Britain's seventh-biggest energy retailer, with around 1.5
million customers.


HAWK DEVELOPMENTS: Placed Into Creditors Voluntary Liquidation
--------------------------------------------------------------
James Pugh at Shropshire Star reports that Hawk Developments (UK)
Ltd has been dissolved, resulting in the loss of 29 jobs.

Mike Kienlen and Daryl Warwick of Armstrong Watson LLP have been
appointed joint liquidators of the Wem-based company, Shropshire
Star relates.

According to Shropshire Star, Mr. Warwick, restructuring and
insolvency partner, said: "I can confirm that Hawk Developments
(UK) Ltd was placed into Creditors Voluntary Liquidation on
June 15, 2022.

"I can also confirm that the company had ceased trading prior to
our involvement and that all 29 employees of the company had been
made redundant at the end of May 2022."

Hawk Developments had started work on a GBP4 million community-led
rural housing development of 27 energy efficient homes in Prees at
the beginning of the year.


ITS TUBULAR: Oil Tycoon Files GBP600MM Lawsuit Over Collapse
------------------------------------------------------------
Norman Silvester at Daily Record reports that Robert Kidd, 61, an
oil tycoon is suing his former lawyers and business partners in a
legal action worth almost GBP600 million.
If successful, it would be the largest payout awarded in Scotland,
Daily Record notes.

According to Daily Record, Mr. Kid is seeking initial compensation
of GBP175 million, dating back to 2008, for a business deal
involving his North Sea oil and gas drilling firm ITS Tubular
Services.  But the final payout could be about GBP580 million once
interest of eight per cent a year is added, Daily Record states.

Mr. Kidd's action is against Aberdeen law firm Ledingham Chalmers,
US private equity house Lime Rock Partners and employees of both
organisations, Daily Record discloses.

Last month, the Court of Session in Edinburgh gave his compensation
case the green light after they threw out a final appeal by
Texas-based Lime Rock and Ledingham, Daily Record recounts.

The legal dispute centres on a deal that saw Kidd sell Lime Rock a
GBP34.5 million stake in ITS, Daily Record states.  He retained a
majority shareholding but in 2013 the firm went into administration
with debts of about GBP145 million, Daily Record relates.

Mr. Kidd previously received a GBP19 million payout from another
Scottish firm, Burness Paull, which was involved in the Lime Rock
deal, Daily Record relays.

At last month's hearing, Lime Rock and Ledingham claimed Mr. Kidd
was suing for the same losses which were covered by the earlier
GBP19 million settlement with Burness Paull, Daily Record states.
They were appealing a decision last November at the Court of
Session to allow Mr. Kidd's claim to go ahead, Daily Record notes.


URBAN SPLASH: Peel to Continue Work at Wirral Housing Project
-------------------------------------------------------------
Elliott Ryder at Liverpool Echo reports that the future of a major
Wirral housing project has been secured after its original
developer collapsed.

Wirral Waters' East Float neighbourhood was set to deliver around
modular 350 homes, but the future of the development became
uncertain after House by Urban Splash, the lead developer, went
into administration with only a handful of the homes delivered to
site, Liverpool Echo discloses.  Following the collapse, Peel L&P
have now confirmed they will take over the housing scheme from the
modular house builder, Liverpool Echo relates.

On the same day House by Urban Splash's administration was
announced in May, a planning application for a further 55 modular
homes was submitted with Peel stating planning applications for the
"final two phases" of the development are expected to be submitted
next year, Liverpool Echo notes.  At the time Peel L&P confirmed
the wider Wirral Waters project would not be impacted by the
administration, but that it was working through the "implications"
of the news, Liverpool Echo states.

According to Liverpool Echo, Richard Mawdsley, Director of
Development for Peel L&P's Wirral Waters, has confirmed Peel will
now be "responsible for the development moving forward."

He said: "Since House by Urban Splash entered into administration,
Peel L&P have taken control of the East Float housing project and
will be responsible for the development moving forward.

"Our contractor, who is unaffected by the administration, is onsite
and key staff have been retained to ensure practical completion of
Phase One of the project which comprises 30 homes.  We expect to
achieve practical completion within a matter of weeks."


URBN CONSTRUCTION: Owes GBP3.5MM to Creditors, Documents Show
-------------------------------------------------------------
William Telford at PlymouthLive reports that Urbn Construction Ltd,
a Plymouth construction firm, has gone bust owing more than GBP3.5
million which won't be paid.

Urbn Construction, which was based in Burrington Way, went into
liquidation in May 2021, and now liquidators have revealed the full
scale of the firm's debts, PlymouthLive relays.

According to PlymouthLive, documents filed at Companies House
revealed about 200 claims were made for cash, most of them from
other firms in the construction industry.  Urbn Construction left
GBP56,876 in assets, but after costs were deducted it meant just
GBP16,090 was available, PlymouthLive discloses.

The company was faced with claims totalling more than GBP3.5
million for money owed, however, PlymouthLive notes.  Even the
taxman, HM Revenue and Customs, will not receive the full
GBP462,952 it is claiming, despite being a preferential creditor,
PlymouthLive states.

A newly-field annual report for Urbn Construction, in creditors'
voluntary liquidation, revealed that millions of pounds in cash
owed to the firm before it went under can not be collected,
PlymouthLive relays.  This includes nook debts of GBP143,232 which
were "heavily disputed" and written off as uneconomical to pursue,
according to PlymouthLive.

There was also a huge amount of money held back as "retentions", a
common practice in the construction industry, whereby payment is
withheld until a job is completed.  In Urbn Construction's case,
these retentions totalled GBP1,141,242, PlymouthLive discloses.
But debt recovery specialists employed by the liquidators also
found the debts were "unfortunately also uneconomical to pursue",
PlymouthLive notes.

Furthermore, GBP1,440,000 of work in progress could also not be
realised because contracts could not be completed, PlymouthLive
states.  According to PlymouthLive, the report said: "The contracts
were reviewed in the liquidation and it was concluded that it would
not be economical to complete any of the outstanding work in
progress".

Employees were owed GBP22,231 in respect of wage arrears, holiday
pay and unpaid pension contributions, but the vast majority of the
Urbn debt is owed to unsecured creditors with claims totalling
GBP2,956,127, PlymouthLive discloses.  

"Unfortunately insufficient funds have been realised to distribute
a dividend to any class of creditor," PlymouthLive quotes the
report as saying.




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

[*] BOND PRICING: For the Week June 27 to July 1, 2022
------------------------------------------------------
Issuer           Coupon Maturity Currency Price
------           ------  -------- -------------
Atos SE           1.000  11/12/2029  EUR  59.457
Orpea SA          2.625  03/10/2025  EUR  72.752
Orpea SA          2.000  04/01/2028  EUR  63.595
Atento Luxco 1    8.000  02/10/2026  USD  73.080
Fastighets AB B   2.873  06/02/2081  EUR  65.612
CECONOMY AG       1.750  6/24/2026   EUR  71.979
Russian Foreign  12.750  6/24/2028   USD  25.296
United Kingdom    1.125 10/22/2073   GBP  64.835
Ukraine Governm   7.750  09/01/2022  USD  61.947
Castellum AB      3.125              EUR  65.139
International P   9.750  11/12/2025  EUR  73.867
Telecom Italia    1.625  1/18/2029   EUR  73.237
Sigma Holdco BV   5.750  5/15/2026   EUR  61.375
Nobel Bidco BV    3.125  6/15/2028   EUR  68.942
NAK Naftogaz Uk   7.375  7/19/2022   USD  78.000
Banca Monte dei   5.375  1/18/2028   EUR  59.348
Credit Suisse G   4.500              USD  69.000
Vedanta Resourc   6.125  08/09/2024  USD  64.301
Gol Finance SA    7.000  1/31/2025   USD  69.334
Gazprom PJSC Vi   1.450  03/06/2023  CHF  45.244
Hellenic Republ   1.875  1/24/2052   EUR  60.226
Atos SE           2.500  11/07/2028  EUR  66.615
Yandex NV         0.750  03/03/2025  USD  49.625
Gazprom PJSC Vi   4.950  7/19/2022   USD  70.500
ADLER Group SA    2.250  1/14/2029   EUR  49.067
EnfraGen Energi   5.375 12/30/2030   USD  68.737
Maxeda DIY Hold   5.875  10/01/2026  EUR  72.492
Allianz SE        3.875              USD  70.828
State of North    0.950  01/10/2121  EUR  42.336
Cellnex Telecom   0.750 11/20/2031   EUR  68.305
Romanian Govern   4.625  04/03/2049  EUR  73.241
Russian Foreign   5.625  04/04/2042  USD  29.096
Nexi SpA          2.125  4/30/2029   EUR  71.984
Russian Foreign   4.750  5/27/2026   USD  17.866
Gazprom PJSC Vi   3.125 11/17/2023   EUR  32.497
Accentro Real E   3.625  2/13/2023   EUR  68.150
Mitsubishi UFJ    4.137 12/15/2050   EUR  34.228
Poste Italiane    2.625              EUR  71.924
Credit Suisse G   5.100              USD  74.600
TI Automotive F   3.750  4/15/2029   EUR  70.687
SBB Treasury Oy   1.125 11/26/2029   EUR  57.598
Vodafone Group    5.125  06/04/2081  USD  70.619
Casino Guichard   2.511              EUR  25.724
Desenio Group A   6.154 12/16/2024   SEK  49.333
HSE Finance Sar   5.625 10/15/2026   EUR  69.440
UniCredit SpA     3.875              EUR  72.835
Corestate Capit   3.500  4/15/2023   EUR  19.267
Electricite de    3.375              EUR  71.198
Lukoil Internat   4.563  4/24/2023   USD  68.552
VEON Holdings B   3.375 11/25/2027   USD  52.750
Balder Finland    1.000  1/20/2029   EUR  67.426
Frigoglass Fina   6.875  02/12/2025  EUR  53.110
Samhallsbyggnad   2.875              EUR  41.292
Banco Santander   3.625              EUR  70.787
SBB Treasury Oy   0.750 12/14/2028   EUR  57.353
Lukoil Capital    2.800  4/26/2027   USD  58.500
Turkey Governme  11.700 11/13/2030   TRY  72.900
Jababeka Intern   6.500  10/05/2023  USD  65.450
Endo Luxembourg   6.125  04/01/2029  USD  74.779
Aggregate Holdi   6.875  11/09/2025  EUR  32.170
Compact Bidco B   5.750  05/01/2026  EUR  70.939
HOCHTIEF AG       0.625  4/26/2029   EUR  71.080
Tinkoff Bank JS   6.000              USD  30.000
Vedanta Resourc   9.250  4/23/2026   USD  62.741
Gazprom PJSC Vi   8.625  4/28/2034   USD  36.435
Banca Monte dei  10.500  7/23/2029   EUR  69.511
Teva Pharmaceut   4.100  10/01/2046  USD  63.917
Lukoil Internat   4.750  11/02/2026  USD  60.312
Heimstaden AB     6.750              EUR  69.198
MHP SE            7.750  05/10/2024  USD  54.304
ING Groep NV      3.875              USD  73.777
VGP NV            1.500  04/08/2029  EUR  67.993
ADLER Group SA    1.500  7/26/2024   EUR  60.684
Air France-KLM    0.125  3/25/2026   EUR  15.447
Lukoil Securiti   3.875  05/06/2030  USD  51.390
Korian SA         0.875  03/06/2027  EUR  46.692
Air Baltic Corp   6.750  7/30/2024   EUR  72.407
CPI Property Gr   3.750              EUR  60.933
United Kingdom    0.500 10/22/2061   GBP  52.019
International C   3.750  3/25/2029   EUR  73.729
Intesa Sanpaolo   4.125              EUR  68.466
International C   1.500  07/04/2027  EUR  70.180
Casino Guichard   3.992              EUR  38.303
Aragvi Finance    8.450  4/29/2026   USD  69.200
Kleopatra Holdi   6.500  09/01/2026  EUR  65.000
Corestate Capit   1.375 11/28/2022   EUR  23.106
Russian Railway   2.200  5/23/2027   EUR  10.060
UBS Group AG      4.375              USD  75.770
Gazprom PJSC vi   3.897              EUR  16.048
Aydem Yenileneb   7.750  02/02/2027  USD  73.140
Casino Guichard   5.250  4/15/2027   EUR  71.630
EP Infrastructu   1.698  7/30/2026   EUR  70.491
Balder Finland    1.375  5/24/2030   EUR  63.474
FEL Energy VI S   5.750  12/01/2040  USD  73.130
Novolipetsk Ste   4.700  5/30/2026   USD  45.000
Cellnex Telecom   1.750 10/23/2030   EUR  73.848
ALROSA Finance    4.650  04/09/2024  USD  24.000
Mobilux Finance   4.250  7/15/2028   EUR  74.363
Republic of Bel   6.875  2/28/2023   USD  16.901
Eurotorg LLC Vi   9.000 10/22/2025   USD  58.750
ING Groep NV      4.250              USD  69.897
La Banque Posta   3.000              EUR  67.411
Telefonica Euro   2.376              EUR  72.757
Piraeus Financi   8.750              EUR  72.742
Gazprom PJSC Vi   5.150  02/11/2026  USD  30.426
Korian SA         1.875              EUR  33.707
Sigma Holdco BV   7.875  5/15/2026   USD  61.319
Samhallsbyggnad   2.624              EUR  49.558
French Republic   0.500  6/25/2044   EUR  67.806
NE Property BV    2.000  1/20/2030   EUR  72.090
Gazprom PJSC Vi   2.500  3/21/2026   EUR  27.066
EP Infrastructu   1.816  03/02/2031  EUR  62.148
Credit Suisse G   0.625  1/18/2033   EUR  65.778
Severstal OAO V   3.150  9/16/2024   USD  15.000
Samhallsbyggnad   2.625              EUR  45.440
Moby SpA          7.750  2/15/2023   EUR  71.946
NET4GAS sro       3.500  7/28/2026   EUR  65.032
Hungary Governm   0.500 11/18/2030   EUR  72.544
Russian Foreign   2.650  5/27/2036   EUR  22.967
Zalando SE        0.625  08/06/2027  EUR  69.411
Intesa Sanpaolo   1.350  2/24/2031   EUR  73.934
Heimstaden Bost   3.000              EUR  58.985
MHP Lux SA        6.950  04/03/2026  USD  52.998
Ocado Group PLC   0.750  1/18/2027   GBP  70.200
Carnival PLC      1.000 10/28/2029   EUR  58.827
ADLER Group SA    1.875  1/14/2026   EUR  54.583
VTB Bank PJSC V   9.500              USD   8.000
Heimstaden Bost   3.625              EUR  65.178
Korian SA         2.250 10/15/2028   EUR  75.397
Mahle GmbH        2.375  5/14/2028   EUR  71.621
Jaguar Land Rov   4.500  7/15/2028   EUR  73.038
Grupo Antolin-I   3.500  4/30/2028   EUR  67.439
Gazprom PJSC Vi   7.288  8/16/2037   USD  32.664
Orpea SA          2.130  07/03/2024  EUR  68.464
Standard Profil   6.250  4/30/2026   EUR  62.304
Bulgaria Govern   0.375  9/23/2030   EUR  74.784
Samhallsbyggnad   1.000  08/12/2027  EUR  63.077
Ukraine Governm   9.750  11/01/2028  USD  28.111
Romanian Govern   3.875 10/29/2035   EUR  75.122
ALROSA Finance    3.100  6/25/2027   USD  11.000
VEON Holdings B   4.000  04/09/2025  USD  70.000
Cellnex Finance   2.000  2/15/2033   EUR  68.943
PIK Securities    5.625 11/19/2026   USD   8.500
Arrival SA        3.500  12/01/2026  USD  41.125
Spain Governmen   1.900 10/31/2052   EUR  74.613
International C   1.125  5/18/2028   EUR  68.896
Ukraine Governm   4.375  1/27/2030   EUR  26.423
Sweden Governme   1.375  6/23/2071   SEK  65.391
Ideal Standard    6.375  7/30/2026   EUR  63.442
Balder Finland    2.000  1/18/2031   EUR  64.849
Ukraine Governm   6.750  6/20/2026   EUR  28.449
Altice France H   6.000  2/15/2028   USD  72.539
Boparan Finance   7.625 11/30/2025   GBP  72.410
Phosagro OAO Vi   3.949  4/24/2023   USD  27.000
Russian Railway   2.100  10/02/2023  CHF   4.937
Herens Midco Sa   5.250  5/15/2029   EUR  66.648
Novafives SAS     5.000  6/15/2025   EUR  67.566
Diebold Nixdorf   9.000  7/15/2025   EUR  73.200
Gazprom PJSC Vi   4.950  02/06/2028  USD  34.333
Eustream AS       1.625  6/25/2027   EUR  70.096
Sarens Finance    5.750  2/21/2027   EUR  69.029
VGP NV            2.250  1/17/2030   EUR  68.908
Gazprom PJSC Vi   4.950  3/23/2027   USD  29.023
Andrade Gutierr   9.500 12/30/2024   USD  54.090
Gazprom PJSC vi   4.599              USD  20.000
Ukraine Governm   7.750  09/01/2027  USD  28.476
SPP-Distribucia   1.000  06/09/2031  EUR  65.152
VTB Bank OJSC V   6.950 10/17/2022   USD   5.725
Accor SA          0.700  12/07/2027  EUR  42.909
Russian Railway   5.700  04/05/2022  USD   5.803
Tinkoff Bank JS   9.250              USD  10.000
Romanian Govern   3.750  02/07/2034  EUR  75.996
VF Ukraine PAT    6.200  02/11/2025  USD  67.349
Vonovia SE        1.625  09/01/2051  EUR  52.857
Lukoil Capital    3.600 10/26/2031   USD  53.375
Novolipetsk Ste   1.450  06/02/2026  EUR  33.751
Heimstaden Bost   2.625              EUR  60.354
State of North    1.450  1/19/2122   EUR  55.503
MMK Internation   4.375  6/13/2024   USD  26.257
Gazprom PJSC vi   2.950  1/27/2029   USD  28.911
Electricite de    1.000 11/29/2033   EUR  75.465
Faurecia SE       2.375  6/15/2029   EUR  71.741
Vnesheconombank   6.800 11/22/2025   USD   5.000
Serbia Internat   2.125  12/01/2030  USD  74.130
Gazprom PJSC vi   1.500  2/17/2027   EUR  26.057
Delivery Hero S   2.125  03/10/2029  EUR  58.297
Russian Railway   7.487  3/25/2031   GBP   9.574
ADLER Real Esta   3.000  4/27/2026   EUR  67.919
Romanian Govern   2.750  4/14/2041   EUR  59.826
Metinvest BV      8.500  4/23/2026   USD  60.500
Hungary Governm   1.750  06/05/2035  EUR  71.162
Sberbank of Rus   5.125 10/29/2022   USD  10.350
Kernel Holding    6.500 10/17/2024   USD  48.415
CaixaBank SA      3.625              EUR  70.305
Allianz SE        2.625              EUR  73.819
MMC Norilsk Nic   4.100  04/11/2023  USD  55.000
EP Infrastructu   2.045  10/09/2028  EUR  68.619
Anadolu Efes Bi   3.375  6/29/2028   USD  69.251
ams-OSRAM AG      2.125  11/03/2027  EUR  73.983
Zorlu Yenileneb   9.000  06/01/2026  USD  72.677
Ukraine Railway   8.250  07/09/2024  USD  30.751
Gazprom PJSC Vi   2.949  1/24/2024   EUR  30.098
Gazprom PJSC vi   1.540  6/30/2027   CHF  26.687
Renault SA        1.125  10/04/2027  EUR  73.791
Romanian Govern   2.875  4/13/2042   EUR  59.902
Allianz SE        2.600              EUR  71.380
Russian Railway   3.125              CHF   5.477
Aroundtown SA     1.625              EUR  68.744
Prosus NV         3.832  02/08/2051  USD  63.063
Vnesheconombank   5.942 11/21/2023   USD   5.684
Phosagro OAO Vi   2.600  9/16/2028   USD  31.000
Russian Railway   0.840  03/12/2026  CHF   6.287
Just Eat Takeaw   0.625  02/09/2028  EUR  54.790
Delivery Hero S   0.875  7/15/2025   EUR  70.633
Ctec II GmbH      5.250  2/15/2030   EUR  73.532
Cellnex Finance   2.000  9/15/2032   EUR  70.499
ADLER Group SA    2.250  4/27/2027   EUR  50.283
Kernel Holding    6.750 10/27/2027   USD  47.272
Mobile Telesyst   5.000  5/30/2023   USD  24.583
Orpea SA          2.200 12/15/2024   EUR  70.000
Gazprom PJSC Vi   2.250 11/22/2024   EUR  31.868
Credit Bank of    8.875              USD  12.500
Muenchener Ruec   1.000  5/26/2042   EUR  71.854
Gazprom PJSC vi   3.250  2/25/2030   USD  27.269
Citycon Treasur   1.625  03/12/2028  EUR  75.620
Electricite de    2.000  12/09/2049  EUR  62.577
Energizer Gamma   3.500  6/30/2029   EUR  72.627
Russian Foreign   2.875  12/04/2025  EUR  17.440
Telefonaktiebol   1.000  5/26/2029   EUR  75.495
Hungary Governm   3.250 10/22/2031   HUF  69.682
Metinvest BV      7.750  4/23/2023   USD  62.500
ADLER Group SA    3.250  08/05/2025  EUR  56.583
Nykredit Realkr   1.000  10/01/2053  DKK  72.567
Banca Monte dei   8.000  1/22/2030   EUR  63.166
Scandinavian Ai   0.625              CHF  18.510
Hungary Governm   2.250  4/20/2033   HUF  59.692
Voltalia SA       1.000  1/13/2025   EUR  28.632
NAK Naftogaz Uk   7.125  7/19/2024   EUR  32.500
Wintershall Dea   3.000              EUR  73.435
Borets Finance    6.000  9/17/2026   USD  31.966
TotalEnergies S   2.000              EUR  74.945
MorphoSys AG      0.625 10/16/2025   EUR  71.749
Russian Railway   0.898  10/03/2025  CHF   5.000
CTP NV            1.500  9/27/2031   EUR  61.470
Fnac Darty SA     0.250  3/23/2027   EUR  72.275
ASTM SpA          2.375 11/25/2033   EUR  73.597
Serbia Internat   1.500  6/26/2029   EUR  73.654
Czech Republic    1.500  4/24/2040   CZK  58.005
Heimstaden Bost   3.375              EUR  69.114
Novatek OAO Via   4.422 12/13/2022   USD  46.500
Severstal OAO V   5.900 10/17/2022   USD  15.000
UniCredit SpA     0.850  1/19/2031   EUR  73.527
Ukraine Governm   7.750  09/01/2024  USD  29.136
Gazprom PJSC vi   1.850 11/17/2028   EUR  27.690
Polyus Finance    3.250 10/14/2028   USD  26.988
Delivery Hero S   1.000  1/23/2027   EUR  69.207
Ukreximbank Via   9.750  1/22/2025   USD  55.150
CPI Property Gr   1.500  1/27/2031   EUR  67.877
ADLER Group SA    2.000 11/23/2023   EUR  61.651
Metalloinvest F   3.375 10/22/2028   USD  25.800
Assicurazioni G   1.713  6/30/2032   EUR  72.019
MMC Norilsk Nic   2.800 10/27/2026   USD  55.750
Lloyds Banking    3.369 12/14/2046   USD  70.630
Gazprom PJSC Vi   4.250  04/06/2024  GBP  29.997
Prosus NV         2.778  1/19/2034   EUR  71.880
Intesa Sanpaolo   4.950  06/01/2042  USD  68.300
Fastighets AB B   1.250  1/28/2028   EUR  72.061
MMC Norilsk Nic   6.625 10/14/2022   USD  66.500
Rallye SA         4.371  2/28/2032   EUR  14.049
Development Ban   6.750  05/02/2024  USD  11.590
ADLER Group SA    2.750 11/13/2026   EUR  53.775
MHP Lux SA        6.250  9/19/2029   USD  53.163
Mithra Pharmace   4.250 12/17/2025   EUR  73.091
Romanian Govern   1.750  7/13/2030   EUR  71.871
Raiffeisen Bank   1.375  6/17/2033   EUR  71.835
Russian Foreign   1.850 11/20/2032   EUR  14.995
NGD Holdings BV   6.750 12/31/2026   USD  42.983
Romanian Govern   4.125  03/11/2039  EUR  73.496
Snam SpA          1.250  6/20/2034   EUR  73.732
Dometic Group A   2.000  9/29/2028   EUR  73.697
BAT Internation   2.250  09/09/2052  GBP  49.437
Investor AB       0.375 10/29/2035   EUR  68.119
Romanian Govern   2.625  12/02/2040  EUR  59.608
Alfa Bank AO Vi   5.950  4/15/2030   USD  10.000
Ukraine Governm   6.876  5/21/2029   USD  27.503
Ukraine Governm   8.994  02/01/2024  USD  29.186
Banque Federati   1.125 11/19/2031   EUR  73.692
Gazprom PJSC vi   3.000  6/29/2027   USD  29.158
BAT Internation   4.000 11/23/2055   GBP  63.407
Odea Bank AS      7.625  08/01/2027  USD  64.179
Sberbank of Rus   5.250  5/23/2023   USD  12.472
Citycon Oyj       3.625              EUR  70.062
Ukraine Governm   7.750  09/01/2026  USD  28.670
Ozon Holdings P   1.875  2/24/2026   USD  26.562
Romanian Govern   3.375  02/08/2038  EUR  68.089
Raiffeisen Bank   4.500              EUR  66.588
Gazprom PJSC vi   3.500  7/14/2031   USD  27.780
Turkey Governme   5.250  3/13/2030   USD  75.056
Credit Bank of    7.500  10/05/2027  USD  21.500
Iceland Bondco    4.375  5/15/2028   GBP  67.984
Bellis Finco PL   4.000  2/16/2027   GBP  71.893
Ekosem-Agrar AG   7.500  08/01/2024  EUR  16.333
Nostrum Oil & G   8.000  7/25/2022   USD  25.481
Finland Governm   0.500  4/15/2043   EUR  70.001
EDP - Energias    1.875  3/14/2082   EUR  71.575
Teva Pharmaceut   1.625 10/15/2028   EUR  71.518
Societe General   4.027  1/21/2043   USD  70.544
Wirecard AG       0.500  09/11/2024  EUR  12.183
AerCap Ireland    3.850 10/29/2041   USD  72.506
Banca Monte dei   8.500  09/10/2030  EUR  65.092
Ekosem-Agrar AG   8.500  12/07/2022  EUR  28.125
Union Fenosa Pr   1.173              EUR  68.000
Royalty Pharma    3.550  09/02/2050  USD  69.485
Ukraine Governm   7.750  09/01/2025  USD  28.619
Offshore Drilli   8.375  9/20/2020   USD   6.533
Enel SpA          1.875              EUR  69.267
Consus Real Est   4.000 11/29/2022   EUR  66.677
BMW Finance NV    0.200  01/11/2033  EUR  74.815
NAK Naftogaz Uk   7.625  11/08/2026  USD  32.458
Interpipe Holdi   8.375  5/13/2026   USD  44.750
NPC Ukrenergo     6.875  11/09/2026  USD  32.680
Stellantis NV     1.250  6/20/2033   EUR  70.279
FIGEAC-AERO       1.750 10/18/2028   EUR  22.620
MMC Norilsk Nic   3.375 10/28/2024   USD  47.500
Ziggo Bond Co B   3.375  2/28/2030   EUR  71.501
Russian Railway   4.600  03/06/2023  EUR  10.011
Cardea Europe A   7.250  12/08/2023  EUR  57.735
MMC Norilsk Nic   2.550  09/11/2025  USD  55.500
Aliaxis Finance   0.875  11/08/2028  EUR  75.409
City of Lugano    0.150 11/28/2070   CHF  31.626
Prosus NV         4.987  1/19/2052   USD  73.955
Metinvest BV      5.625  6/17/2025   EUR  57.567
UNIQA Insurance   2.375  12/09/2041  EUR  75.441
Wendel SE         1.375  1/18/2034   EUR  66.811
Delivery Hero S   1.000  4/30/2026   EUR  65.155
Republic of Aus   1.500  11/02/2086  EUR  69.635
Albania Governm   3.500 11/23/2031   EUR  73.912
Ukraine Governm  15.840  2/26/2025   UAH  65.343
Slovakia Govern   0.375  4/21/2036   EUR  71.425
Croatia Governm   1.750  03/04/2041  EUR  71.735
Bank Gospodarst   2.125  06/05/2030  PLN  67.088
Rallye SA         4.000  2/28/2032   EUR  14.443
GTLK Europe DAC   5.125  5/31/2024   USD  16.000
Deutsche Bahn F   0.625  12/08/2050  EUR  52.452
Aeroports de Pa   1.125  6/18/2034   EUR  74.862
Credit Bank of    5.150  2/20/2024   EUR  20.222
Saxa Gres Spa     7.000  08/04/2026  EUR  69.008
Romanian Govern   1.375  12/02/2029  EUR  72.714
Prosus NV         4.027  08/03/2050  USD  64.787
State Agency of   6.250  6/24/2028   USD  26.736
Delivery Hero S   1.500  1/15/2028   EUR  60.681
Deutsche Bahn F   0.625  4/15/2036   EUR  70.974
Metro Bank PLC    5.500  6/26/2028   GBP  56.172
Just Eat Takeaw   1.250  4/30/2026   EUR  68.728
Lithuania Gover   0.500  7/28/2050   EUR  52.235
Iberdrola Inter   1.825              EUR  74.795
Fuerstenberg Ca   5.625              EUR  60.971
United Kingdom    1.500  7/31/2053   GBP  78.255
Czech Republic    1.200  3/13/2031   CZK  72.539
Societe General   3.625  03/01/2041  USD  68.319
Rothschild & Co   1.860              EUR  72.381
Credit Bank of    3.100  1/21/2026   EUR  20.053
Enel Finance In   0.875  9/28/2034   EUR  69.531
UNEDIC ASSEO      0.250  7/16/2035   EUR  75.694
Gazprom PJSC Vi   4.364  3/21/2025   EUR  29.995
BNP Paribas SA    2.824  1/26/2041   USD  68.430
Dana Financing    3.000  7/15/2029   EUR  73.072
Eurochem Financ   5.500  3/13/2024   USD  38.125
Credit Bank of    3.875  9/21/2026   USD  21.000
Dtek Renewables   8.500  11/12/2024  EUR  41.479
Metinvest BV      7.650  10/01/2027  USD  57.610
Realkredit Danm   1.000  10/01/2050  DKK  73.743
Vonovia SE        0.750  09/01/2032  EUR  70.504
Royalty Pharma    3.350  09/02/2051  USD  67.079
Orsted AS         2.500  2/18/3021   GBP  69.958
TotalEnergies S   3.250              EUR  72.210
Thermo Fisher S   2.000 10/18/2051   EUR  69.071
Bank Gospodarst   2.250  7/21/2033   PLN  59.414
State of North    0.500  1/15/2052   EUR  60.299
Vonovia Finance   1.125  9/14/2034   EUR  67.218
Metinvest BV      7.750 10/17/2029   USD  60.750
Phosagro OAO Vi   3.050  1/23/2025   USD  25.000
BASF SE           1.625 11/15/2037   EUR  75.372
Casino Guichard   4.048  08/05/2026  EUR  73.378
Digital Intrepi   0.625  7/15/2031   EUR  70.856
IWG Internation   0.500  12/09/2027  GBP  73.992
CPI Property Gr   1.750  1/14/2030   EUR  71.651
Credit Bank of    7.625              USD  15.000
EnBW Energie Ba   2.125  8/31/2081   EUR  69.111
TotalEnergies S   2.125              EUR  70.836
Czech Gas Netwo   0.450  09/08/2029  EUR  69.904
Fresnillo PLC     4.250  10/02/2050  USD  73.641
SCF Capital Des   3.850  4/26/2028   USD  20.505
Republic of Bel   6.378  2/24/2031   USD  14.333
BUPA Finance PL   4.000              GBP  69.115
BICO Group AB     2.875  3/19/2026   SEK  66.634
AstraZeneca PLC   2.125  08/06/2050  USD  65.995
Mutuelle Assura   3.500              EUR  73.891
Wuestenrot & Wu   2.125  09/10/2041  EUR  73.658
Deutsche Teleko   1.750  12/09/2049  EUR  66.789
University of O   2.544  12/08/2117  GBP  72.684
Enel Finance In   1.250  1/17/2035   EUR  72.368
Hacienda Invest   5.350  02/08/2028  USD  12.000
Republic of Pol   4.000  4/25/2047   PLN  63.604
Credit Bank of    4.700  1/29/2025   USD  24.400
E.ON SE           0.875 10/18/2034   EUR  74.720
Enel Finance In   0.875  6/17/2036   EUR  65.566
Gazprom PJSC vi   2.950  4/15/2025   EUR  27.005
United Kingdom    0.875  1/31/2046   GBP  69.810
Shell Internati   3.000 11/26/2051   USD  74.436
Prosus NV         2.031  08/03/2032  EUR  70.412
Polyus Finance    5.250  02/07/2023  USD  24.167
Econocom Group    0.500  03/06/2023  EUR   8.059
Republic of Bel   5.875  2/24/2026   USD  14.000
Nostrum Oil & G   7.000  2/16/2025   USD  24.796
Neoen SA          1.875  10/07/2024  EUR  41.029
EnBW Internatio   0.250 10/19/2030   EUR  75.473
Barclays PLC      3.330 11/24/2042   USD  74.261
Romanian Govern   3.500  04/03/2034  EUR  73.632
Home Credit & F   8.800              USD   5.382
Heimstaden Bost   1.625 10/13/2031   EUR  70.460
Evraz PLC         5.375  3/20/2023   USD  50.000
Czech Republic    0.050 11/29/2029   CZK  68.642
Castellum Helsi   0.875  9/17/2029   EUR  71.424
JT Internationa   3.300  9/14/2051   USD  67.604
A2A SpA           1.000  11/02/2033  EUR  71.670
Just Group PLC    5.000              GBP  73.155
Proximus SADP     0.750 11/17/2036   EUR  70.854
Celtic Resource   4.125  10/09/2024  USD   9.968
Czech Gas Netwo   0.875  3/31/2031   EUR  64.933
Engie SA          1.875              EUR  70.430
Mondelez Intern   1.250  09/09/2041  EUR  62.682
Russian Foreign   1.125 11/20/2027   EUR  15.005
Cofinimmo SA      0.875  12/02/2030  EUR  73.708
UBS Group AG      3.179  02/11/2043  USD  75.956
HOCHTIEF AG       1.250  09/03/2031  EUR  70.024
BNP Paribas SA    0.625  12/03/2032  EUR  73.286
BPCE SA           2.125 10/13/2046   EUR  72.542
Cellnex Finance   3.875  07/07/2041  USD  68.765
Societe Nationa   1.000  5/25/2040   EUR  74.355
GTLK Europe Cap   4.800  2/26/2028   USD  16.000
Holcim Finance    0.500  4/23/2031   EUR  75.124
Credit Bank of    5.550  2/14/2023   USD  21.500
RWE AG            1.000 11/26/2033   EUR  73.304
EnBW Internatio   0.500  03/01/2033  EUR  70.947
Suek Securities   3.375  9/15/2026   USD  10.050
Cie Generale de   0.250  11/02/2032  EUR  74.996
Realkredit Danm   1.000  10/01/2053  DKK  72.571
Slovenia Govern   0.688  03/03/2081  EUR  38.342
Biocartis Group   4.000  05/09/2024  EUR  71.451
Evraz PLC         5.250  04/02/2024  USD  58.020
Republic of Bel   6.200  2/28/2030   USD  13.667
Rickmers Holdin   8.875  06/11/2018  EUR   0.833
Global Ports Fi   6.500  9/22/2023   USD  11.050
GTLK Europe Cap   5.950  4/17/2025   USD  15.000
Hannover Rueck    1.375  6/30/2042   EUR  75.100
Fresenius SE &    1.125  1/28/2033   EUR  74.688
Altice France H   4.000  2/15/2028   EUR  70.232
TenneT Holding    0.125 11/30/2032   EUR  73.947
GTLK Europe Cap   4.349  2/27/2029   USD  14.988
JAB Holdings BV   2.250 12/19/2039   EUR  65.876
Credit Suisse G   4.500              USD  69.500
European Financ   0.700  1/17/2053   EUR  62.643
Hera SpA          1.000  4/25/2034   EUR  69.751
Unibail-Rodamco   1.375  12/04/2031  EUR  73.511
Portugal Obriga   1.150  04/11/2042  EUR  73.260
ABH Financial L   2.700  06/11/2023  EUR   5.587
Mallinckrodt In   4.750  4/15/2023   USD  41.500
Royalty Pharma    3.300  09/02/2040  USD  73.629
Andorra Interna   1.700 10/13/2041   EUR  69.746
HOWOGE Wohnungs   1.125  11/01/2033  EUR  75.904
VEON Holdings B   3.375 11/25/2027   USD  52.552
Finland Governm   0.125  4/15/2052   EUR  55.090
Upjohn Finance    1.908  6/23/2032   EUR  74.894
GTLK Europe Cap   4.949  2/18/2026   USD  16.000
GTLK Europe Cap   4.650  03/10/2027  USD  13.000
Neoen SA          2.000  06/02/2025  EUR  49.782
Credit Agricole   1.500  10/06/2031  EUR  75.730
Mutuelle Assura   2.125  6/21/2052   EUR  75.832
City of Kyiv Vi   7.500 12/15/2022   USD  36.382
Ukreximbank Via   9.950 11/14/2029   USD  39.990
La Poste SA       0.625  1/18/2036   EUR  66.961
BP Capital Mark   1.467  9/21/2041   EUR  65.665
Imerys SA         1.000  7/15/2031   EUR  72.674
Bank Gospodarst   2.375 11/27/2040   PLN  46.926
ABH Financial L   2.875  11/09/2022  CHF   3.500
Unibail-Rodamco   1.750  07/01/2049  EUR  50.977
Storebrand Livs   1.875  9/30/2051   EUR  75.598
Bayer AG          1.000  01/12/2036  EUR  68.113
Sovcombank Via    7.600              USD   4.700
Euroclear Inves   1.375  6/16/2051   EUR  73.208
Ukraine Railway   7.875  7/15/2026   USD  29.935
Enel Finance In   2.875  07/12/2041  USD  67.752
Altice France H   6.000  2/15/2028   USD  72.171
Deutsche Bahn F   1.125  5/29/2051   EUR  61.075
Adecco Internat   0.500  9/21/2031   EUR  75.278
Norddeutsche La   7.490              EUR  61.023
Republic of Arm   3.600  02/02/2031  USD  70.662
Wendel SE         1.000  06/01/2031  EUR  70.932
Digital Dutch F   1.250  02/01/2031  EUR  75.481
EnfraGen Energi   5.375 12/30/2030   USD  68.966
Credit Agricole   2.811  01/11/2041  USD  69.783
Vonovia Finance   1.000  1/28/2041   EUR  54.778
Global Fashion    1.250  3/15/2028   EUR  69.193
Becton Dickinso   1.213  02/12/2036  EUR  70.746
DNB Bank ASA      1.848              USD  67.967
Agence Francais   0.375  5/25/2036   EUR  74.750
PB Internationa   7.625 12/31/2025   USD  42.039
Jyske Realkredi   1.000  10/01/2050  DKK  73.801
Novolipetsk Ste   4.500  6/15/2023   USD  38.250
A2A SpA           0.625  7/15/2031   EUR  74.588
City of Bern Sw   0.040  10/02/2070  CHF  36.028
Merlin Properti   1.875  12/04/2034  EUR  72.264
Russian Railway   4.375  03/01/2024  USD  20.091
Prosus NV         1.985  7/13/2033   EUR  68.307
Nexity SA         0.250  03/02/2025  EUR  60.165
Thermo Fisher S   1.625 10/18/2041   EUR  71.269
Intelsat Jackso   8.500 10/15/2024   USD  42.125
National Grid E   0.872 11/26/2040   EUR  58.314
Heimstaden Bost   0.750  09/06/2029  EUR  72.301
Novolipetsk Ste   4.000  9/21/2024   USD  37.750
Pierre Et Vacan   2.000  04/01/2023  EUR  27.063
Hungary Governm   4.500  5/27/2032   HUF  76.637
Czech Republic    1.950  7/30/2037   CZK  67.324
Orange SA         1.375  09/04/2049  EUR  66.859
National Grid P   0.750  09/01/2033  EUR  72.468
Lithuania Gover   0.750  7/15/2051   EUR  64.638
Nordea Kredit R   1.000  10/01/2050  DKK  73.852
Sibur Securitie   3.450  9/23/2024   USD  28.200
BNP Paribas SA    2.824  1/26/2041   USD  68.587
Bank Gospodarst   1.750  03/12/2028  PLN  72.540
Thomas Cook Gro   6.250  6/15/2022   EUR   0.432
Republic of Aus   0.250 10/20/2036   EUR  76.100
Bank Gospodarst   1.875  4/27/2027   PLN  76.063
Russian Agricul   8.500 10/16/2023   USD   9.659
Unibail-Rodamco   1.375  5/25/2033   EUR  70.076
Lukoil Capital    3.600 10/26/2031   USD  52.375
Linde PLC         1.000  9/30/2051   EUR  54.563
Intelsat Jackso   9.750  7/15/2025   USD  42.125
TenneT Holding    0.875  6/16/2035   EUR  73.666
Smurfit Kappa T   1.000  9/22/2033   EUR  72.686
Wellcome Trust    2.517  02/07/2118  GBP  71.753
Rusal Capital D   4.850  02/01/2023  USD  40.523
SCF Capital Des   5.375  6/16/2023   USD  20.000
Lukoil Capital    2.800  4/26/2027   USD  55.063
Shell Internati   1.750  09/10/2052  GBP  58.274
Sibur Securitie   2.950  07/08/2025  USD  35.000
Enel Finance In   1.125 10/17/2034   EUR  73.004
Engie SA          1.000 10/26/2036   EUR  67.686
Alfa Bank AO Vi   6.950              USD  11.533
Vnesheconombank   6.025  07/05/2022  USD   5.000
Vienna Insuranc   1.000  3/26/2036   EUR  71.569
Russian Foreign   5.100  3/28/2035   USD  18.687
Investor AB       1.500  6/20/2039   EUR  73.956
DH Europe Finan   1.350  9/18/2039   EUR  69.093
Deutsche Bahn F   0.875  6/23/2039   EUR  69.128
UBS Group AG      0.625  2/24/2033   EUR  73.059
Holcim Finance    0.625  1/19/2033   EUR  70.895
State of North    0.200  1/27/2051   EUR  55.318
Aedifica SA       0.750  09/09/2031  EUR  70.910
National Grid E   0.823  07/07/2032  EUR  76.395
Traton Finance    1.250  3/24/2033   EUR  72.616
State of North    1.375  1/15/2120   EUR  53.519
Nykredit Realkr   0.500  10/01/2050  DKK  74.180
VTB Bank OJSC V   4.073 10/24/2024   CHF   4.944
Nordea Kredit R   1.000  10/01/2053  DKK  72.615
CM.com NV         2.000  09/09/2026  EUR  72.056
Regiao Autonoma   1.141  12/04/2034  EUR  76.797
Hera SpA          0.250  12/03/2030  EUR  74.552
Rallye SA         5.250  2/28/2032   EUR  13.604
Saderea DAC      12.500 11/30/2026   USD  73.455
HOCHDORF Holdin   2.500              CHF  47.926
Russian Railway   1.195  04/03/2028  CHF   6.347
Paragon GmbH &    4.000  4/23/2023   CHF  54.100
Verbund AG        0.900  04/01/2041  EUR  71.170
Fresenius Finan   0.875  10/01/2031  EUR  75.639
Karlou BV         7.750  6/18/2024   USD  14.399
Hungary Governm   2.250  6/22/2034   HUF  56.902
Cyprus Governme   1.250  1/21/2040   EUR  68.131
DH Europe Finan   1.800  9/18/2049   EUR  65.512
VEON Holdings B   4.000  04/09/2025  USD  67.788
Medtronic Globa   1.375 10/15/2040   EUR  69.999
Uralkali OJSC V   4.000 10/22/2024   USD  22.000
Bank Gospodarst   0.500  07/08/2031  EUR  75.639
Berkeley Group    2.500  08/11/2031  GBP  75.570
Intelsat Jackso   5.500  08/01/2023  USD  42.125
EA Partners II    6.750  06/01/2021  USD   0.390
Societe General   3.625  03/01/2041  USD  68.203
BNG Bank NV       1.550  2/19/2032   AUD  74.496
CTP NV            1.250  6/21/2029   EUR  70.748
Iren SpA          0.250  1/17/2031   EUR  73.340
ABN AMRO Bank N   1.250  1/20/2034   EUR  75.805
Realkredit Danm   1.000  10/01/2053  DKK  66.805
Lukoil Securiti   3.875  05/06/2030  USD  52.137
Digital Intrepi   1.375  7/18/2032   EUR  72.042
TMK OAO Via TMK   4.300  02/12/2027  USD   8.500
Euronext NV       1.500  5/17/2041   EUR  67.192
Rallye SA         3.400  2/28/2032   EUR  13.830
BPCE SA           3.582 10/19/2042   USD  74.466
Siemens Financi   0.500  09/05/2034  EUR  73.848
Orange SA         0.750  6/29/2034   EUR  74.316
NIBC Bank NV      1.315              EUR  72.157
BNP Paribas SA    2.000  9/13/2036   GBP  72.135
Becton Dickinso   1.336  8/13/2041   EUR  62.867
DOF Subsea AS     9.500  9/30/2022   USD  60.241
EQT AB            0.875  5/14/2031   EUR  73.305
BAE Systems PLC   3.000  9/15/2050   USD  69.850
Vonovia SE        1.500  6/14/2041   EUR  60.769
Sovcombank Via    8.000  04/07/2030  USD   4.544
Travelex Financ   8.000  5/15/2022   EUR   0.458
Alfa Bank AO Vi   5.900              USD   7.949
Credit Bank of    7.121  6/25/2024   USD  21.063
Nykredit Realkr   0.500  10/01/2053  DKK  72.343
Vonovia SE        0.625  3/24/2031   EUR  74.418
Sovcombank Via    3.400  1/26/2025   USD   5.199
Sovcombank Via    7.750              USD   3.657
Landesbank Bade   0.375  2/21/2031   EUR  75.258
Immigon Portfol   6.569              EUR  10.690
Russian Foreign   4.375  3/21/2029   USD  18.989
BAT Internation   2.000  3/13/2045   EUR  56.764
Glencore Capita   1.250  03/01/2033  EUR  73.008
Turkey Governme   8.000  03/12/2025  TRY  71.400
Nexity SA         0.875  4/19/2028   EUR  46.128
Gecina SA         0.875  1/25/2033   EUR  75.841
Allianz Finance   0.500 11/22/2033   EUR  76.031
Aggregate Holdi   5.500  5/17/2024   EUR  31.640
Metalloinvest F   3.375 10/22/2028   USD  18.000
FEL Energy VI S   5.750  12/01/2040  USD  73.131
Romania Governm   4.150 10/24/2030   RON  73.270
EWE AG            0.375 10/22/2032   EUR  72.456
Hellenic Bank P  10.000              EUR  54.875
Jyske Realkredi   1.000  10/01/2053  DKK  72.631
UPM-Kymmene Oyj   0.500  3/22/2031   EUR  75.897
Alfa Bank AO Vi   5.500 10/26/2031   USD   7.546
WPC Eurobond BV   0.950  06/01/2030  EUR  74.052
ALROSA Finance    4.650  04/09/2024  USD  10.750
ABN AMRO Bank N   0.625  1/24/2037   EUR  76.241
Sagax Euro Mtn    1.000  5/17/2029   EUR  74.031
Wellcome Trust    1.500  7/14/2071   GBP  56.628
A2A SpA           0.625 10/28/2032   EUR  72.135
Orpea SA          2.564 11/30/2027   EUR  68.848
Deutsche Bahn F   1.375  4/16/2040   EUR  74.037
Vodafone Group    3.000  08/12/2056  GBP  72.052
Segro Capital S   0.500  9/22/2031   EUR  75.869
Medtronic Globa   1.750  07/02/2049  EUR  67.613
Heineken NV       1.750  05/07/2040  EUR  72.621
Hungary Governm   2.125  9/22/2031   USD  77.490
Medtronic Globa   1.500  07/02/2039  EUR  73.510
Credit Agricole   0.750  1/20/2042   EUR  67.694
Agence Francais   0.375  5/25/2036   EUR  75.157
Banco Espirito    7.125 11/28/2023   EUR   0.181
O1 Properties F   0.500  9/27/2028   USD   6.040
Vonovia Finance   1.625  10/07/2039  EUR  62.335
Russian Foreign   4.875  9/16/2023   USD  26.769
Ukraine Governm   9.790  5/26/2027   UAH  81.145
Orpea SA          2.750  06/03/2033  EUR  60.963
ABN AMRO Bank N   1.000  06/02/2033  EUR  75.456
Sibur Securitie   4.125  10/05/2023  USD  31.067
Intu Debenture    5.562 12/31/2027   GBP  41.333
Credit Agricole   2.811  01/11/2041  USD  69.362
Societe Du Gran   0.300  09/02/2036  EUR  73.818
Societe General   4.027  1/21/2043   USD  70.987
Cadent Finance    0.750  03/11/2032  EUR  74.202
UBS Group AG      4.375              USD  74.800
Logicor Financi   0.875  1/14/2031   EUR  71.231
Societe Nationa   1.000  1/19/2061   EUR  51.938
Nederlandse Wat   0.500  4/26/2051   EUR  62.777
Logicor Financi   2.000  1/17/2034   EUR  72.074
JDE Peet's NV     1.125  6/16/2033   EUR  72.677
Medtronic Globa   1.625 10/15/2050   EUR  64.860
Nestle Finance    0.875  6/14/2041   EUR  65.512
Russian Foreign   5.250  6/23/2047   USD  17.800
Simon Internati   1.125  3/19/2033   EUR  75.009
DOF Subsea AS     9.230 11/27/2023   NOK  70.000
Terega SA         0.875  9/17/2030   EUR  74.947
DNB Bank ASA      0.954              USD  67.881
Eurogrid GmbH     0.741  4/21/2033   EUR  74.352
Orpea SA          2.568 12/22/2022   EUR  73.700
European Financ   0.050  1/18/2052   EUR  49.878
Vnesheconombank   6.800 11/22/2025   USD   5.000
Hacienda Invest   5.075  2/15/2023   USD  12.178
University Coll   1.625  06/04/2061  GBP  65.157
Nykredit Realkr   0.500  10/01/2050  DKK  73.087
BP Capital Mark   0.933  12/04/2040  EUR  60.378
Novafives SAS     4.500  6/15/2025   EUR  67.533
Gazprom PJSC Vi   4.950  7/19/2022   USD  72.000
Motability Oper   1.500  1/20/2041   GBP  70.072
EA Partners I B   6.875  9/28/2020   USD   0.500
Croatia Governm   1.250  03/03/2040  EUR  65.766
Havila Shipping   5.920  01/02/2025  NOK  37.606
Nestle Finance    0.375  12/03/2040  EUR  60.028
Cyprus Governme   2.250  4/16/2050   EUR  74.674
GOL Equity Fina   3.750  7/15/2024   USD  73.776
PJSC Koks via I   5.900  9/23/2025   USD   7.550
Rusal Capital D   5.300  05/03/2023  USD  30.000
Anchor Hanover    2.000  7/21/2051   GBP  66.453
BNP Paribas SA    1.575              USD  73.918
adidas AG         0.625  09/10/2035  EUR  72.621
Digital Dutch F   1.000  1/15/2032   EUR  71.651
Cooperatieve Ra   0.750  6/21/2039   EUR  74.849
LEG Immobilien    1.000 11/19/2032   EUR  69.474
Sigma Holdco BV   7.875  5/15/2026   USD  62.953
Orpea SA          3.000 11/25/2041   EUR  40.783
BPCE SFH SA       0.010  1/29/2036   EUR  70.729
Gecina SA         0.875  6/30/2036   EUR  67.842
JAB Holdings BV   3.750  5/28/2051   USD  69.646
Allied Irish Ba  12.500  6/25/2035   GBP  54.775
Koninklijke Luc   0.750              CHF  20.750
Idavang A/S       7.250  11/11/2025  EUR  65.953
nextbike GmbH     6.000  3/31/2025   EUR  65.000
Lukoil Internat   4.563  4/24/2023   USD  68.719
Polyus Finance    4.700  1/29/2024   USD  26.962
DXC Capital Fun   0.950  9/15/2031   EUR  75.688
Shell Internati   0.875  11/08/2039  EUR  65.477
Unibail-Rodamco   1.750  2/27/2034   EUR  71.370
Vonovia SE        1.000  6/16/2033   EUR  70.374
Unibail-Rodamco   0.875  3/29/2032   EUR  68.947
Havila Shipping   5.170  01/02/2025  NOK  30.000
Italgas SpA       0.500  2/16/2033   EUR  70.570
Chelyabinsk Pip   4.500  9/19/2024   USD  10.477
Veragold Mining   5.000 12/31/2022   EUR  59.000
Deutsche Bahn F   0.100  1/28/2036   CHF  74.336
Nykredit Realkr   1.000  10/01/2053  DKK  66.792
Telefonica Emis   1.864  7/13/2040   EUR  74.766
FF Group Financ   1.750  07/03/2019  EUR   4.974
Altarea SCA       1.750  1/16/2030   EUR  72.054
UNEDIC ASSEO      0.100  5/25/2034   EUR  76.360
Imperial Brands   1.750  3/18/2033   EUR  73.522
Romania Governm   4.250  4/28/2036   RON  63.479
Europejskie Cen  11.370  4/14/2023   PLN  49.000
ICADE             0.625  1/18/2031   EUR  74.152
DNB Bank ASA      0.929              USD  67.864
Cie Generale de   0.625  11/02/2040  EUR  60.188
PIK Securities    5.625 11/19/2026   USD   8.000
Finland Governm   0.250  9/15/2040   EUR  70.364
Pentracor GmbH    8.500  5/29/2025   EUR  14.900
TenneT Holding    1.125  06/09/2041  EUR  66.856
Snam SpA          1.000  09/12/2034  EUR  70.321
Celtic Resource   4.125  10/09/2024  USD   8.000
LEG Immobilien    0.750  6/30/2031   EUR  73.559
Gazprom PJSC vi   3.250  2/25/2030   USD  27.902
Russian Foreign   4.750  5/27/2026   USD  17.866
MMK Internation   4.375  6/13/2024   USD  26.257
Pfandbriefbank    0.250  08/04/2038  CHF  73.898
Clarion Funding   1.875  09/07/2051  GBP  62.761
SRV Group Oyj     6.875  3/23/2025   EUR  53.148
Amprion GmbH      0.625  9/23/2033   EUR  70.881
Pfandbriefzentr   0.200  5/22/2042   CHF  68.181
Platform HG Fin   1.625  08/10/2055  GBP  58.834
Rallye SA         3.250  2/28/2032   CHF  14.500
Allianz SE        3.200              USD  79.745
Deutsche Wohnen   1.300  04/07/2041  EUR  56.727
Orpea SA          2.300  03/06/2025  EUR  70.000
de Volksbank NV   0.375  9/16/2041   EUR  67.370
Ukraine Governm  11.670 11/22/2023   UAH  77.468
Republic of Cro   1.000 11/27/2034   HRK  73.786
Richemont Inter   1.625  5/26/2040   EUR  74.829
FF Group Financ   3.250  11/02/2021  CHF   5.489
Volkswagen Inte   1.500  1/21/2041   EUR  62.978
Enel Finance In   2.875  07/12/2041  USD  67.902
EYEMAXX Real Es   5.500  4/26/2023   EUR   1.908
Russian Foreign   4.250  6/23/2027   USD  18.075
Landesbank Hess   0.500  1/19/2037   EUR  75.406
TenneT Holding    0.500 11/30/2040   EUR  59.396
Ukraine Governm   7.750  09/01/2022  USD  60.000
OGX Austria Gmb   8.500  06/01/2018  USD   0.008
ABN AMRO Bank N   0.400  9/17/2041   EUR  67.342
Unibail-Rodamco   2.250  5/14/2038   EUR  66.663
Air Berlin PLC    8.250  4/19/2018   EUR   0.450
Orpea SA          2.000  08/09/2029  EUR  55.496
Caisse Francais   0.125  2/15/2036   EUR  72.131
Nykredit Realkr   1.500  10/01/2053  DKK  73.876
SRV Group Oyj     4.875  3/27/2025   EUR  53.125
TenneT Holding    1.500  06/03/2039  EUR  74.001
CNP Assurances    1.875  10/12/2053  EUR  74.118
Sveriges Sakers   0.750  06/09/2032  SEK  75.118
Metropolitano d   1.229  7/30/2036   EUR  76.285
Land Berlin       0.625  1/26/2052   EUR  63.720
Gazprom PJSC vi   3.500  7/14/2031   USD  28.947
ALROSA Finance    3.100  6/25/2027   USD  10.132
Engie SA          1.250 10/24/2041   EUR  61.808
Officine Maccaf   5.750  06/01/2021  EUR  16.600
UNEDIC ASSEO      0.500  5/25/2036   EUR  76.599
Hellenic Republ   2.085  7/25/2057   EUR  35.601
Hyde Housing As   1.750  8/18/2055   GBP  59.745
Diebold Nixdorf   9.000  7/15/2025   EUR  73.250
Annington Fundi   2.924  10/06/2051  GBP  70.258
Gazprom PJSC Vi   4.950  02/06/2028  USD  34.120
Rallye SA         4.000  2/28/2032   CHF  13.150
Russian Foreign  12.750  6/24/2028   USD  25.296
Credit Agricole   0.125  3/15/2033   EUR  75.510
Tinkoff Bank JS   6.000              USD  11.929
NPC Ukrenergo     6.875  11/09/2026  USD  29.669
Senvion Holding   3.875 10/25/2022   EUR   0.256
Ziton A/S         7.900  10/03/2022  EUR  69.687
Muenchener Hypo   0.010 10/19/2039   EUR  64.811
Kommunekredit     0.125  9/26/2040   EUR  65.542
Ukreximbank Via   9.750  1/22/2025   USD  52.222
Deutsche Lichtm   5.250  09/01/2025  EUR   3.850
Nykredit Realkr   0.500  10/01/2053  DKK  71.088
Flagship Financ   1.875  7/14/2061   GBP  61.119
Banca Popolare    9.500  9/29/2025   EUR   0.127
Luzerner Kanton   0.150  10/07/2044  CHF  62.916
Cooperatieve Ra   1.000  1/19/2034   EUR  76.109
TI Automotive F   3.750  4/15/2029   EUR  70.815
Severn Trent Ut   2.000  06/02/2040  GBP  73.634
Accentro Real E   4.125  3/23/2026   EUR  63.333
Engie SA          1.375  6/21/2039   EUR  66.590
DSV Finance BV    0.875  9/17/2036   EUR  69.357
Prosus NV         4.027  08/03/2050  USD  64.720
Saltaire Financ   1.527 11/23/2051   GBP  69.795
Phosagro OAO Vi   2.600  9/16/2028   USD  23.000
M Objekt Real E   6.000  7/22/2024   EUR  68.566
United Kingdom    1.250  7/31/2051   GBP  73.467
OGX Austria Gmb   8.375  04/01/2022  USD   0.032
Air Liquide Fin   0.375  9/20/2033   EUR  76.512
Realkredit Danm   0.500  10/01/2053  DKK  72.343
Phosagro OAO Vi   3.050  1/23/2025   USD  27.500
Intesa Sanpaolo   2.625  03/11/2036  GBP  70.757
Andrade Gutierr   9.500 12/30/2024   USD  51.192
Eni SpA           1.000  10/11/2034  EUR  75.136
Nordea Kredit R   1.500  10/01/2053  DKK  74.049
CK Hutchison Gr   2.625 10/17/2034   GBP  75.486
Gazprom PJSC Vi   7.288  8/16/2037   USD  32.724
Nederlandse Wat   0.375  9/28/2046   EUR  64.207
Orpea SA          2.770 12/18/2028   EUR  68.526
Deutsche Bahn F   0.750  7/16/2035   EUR  74.916
Republic of Pol   1.750  4/25/2032   PLN  63.507
Cooperatieve Ra   0.625  2/25/2033   EUR  75.034
Autonomous Regi   1.095  9/27/2036   EUR  76.205
Kommunekredit     0.625 11/21/2039   EUR  73.916
Herens Midco Sa   5.250  5/15/2029   EUR  67.042
Communaute Fran   2.300  4/25/2089   EUR  81.426
Dexia Credit Lo   1.327              EUR   2.621
Erste Group Ban   0.500  01/12/2037  EUR  74.376
Realkredit Danm   0.500  10/01/2050  DKK  74.196
Unibail-Rodamco   2.000  5/29/2037   EUR  67.306
Genfit            3.500 10/16/2025   EUR  24.161
Privatbank CJSC  10.250  1/23/2018   USD   3.839
BP Capital Mark   1.104 11/15/2034   EUR  73.881
Lehman Brothers   5.125              EUR  17.127
Claranova SE      5.000  07/01/2023  EUR   1.130
Land Berlin       0.350  09/09/2050  EUR  59.101
Russian Foreign   5.875  9/16/2043   USD  24.755
Fuerstenberg Ca   1.020              EUR  58.066
Prosus NV         3.832  02/08/2051  USD  62.925
Thomas Cook Fin   3.875  7/15/2023   EUR   0.868
MHP Lux SA        6.250  9/19/2029   USD  53.138
Realkredit Danm   1.500  10/01/2053  DKK  73.996
Beyond Housing    2.125  5/17/2051   GBP  69.543
Aeroports de Pa   2.125  10/11/2038  EUR  75.412
TotalEnergies C   1.618  5/18/2040   EUR  74.042
National Grid G   1.125  1/14/2033   GBP  72.626
Cooperatieve Ra   0.010 11/27/2040   EUR  62.689
RTE Reseau de T   1.125  07/08/2040  EUR  68.291
Prosus NV         4.987  1/19/2052   USD  73.937
Severstal OAO V   3.150  9/16/2024   USD  10.000
Nostrum Oil & G   8.000  7/25/2022   USD  23.379
Zurich Finance    1.625  6/17/2039   EUR  74.447
Societe Du Gran   0.700 10/15/2060   EUR  49.862
Serbia Internat   2.125  12/01/2030  USD  74.083
Lehman Brothers   5.750              EUR   7.000
Lukoil Internat   4.750  11/02/2026  USD  60.457
Standard Charte   4.300              USD  74.600
Jain Internatio   7.125  3/31/2026   USD  27.547
Deutsche Wohnen   0.500  04/07/2031  EUR  73.277
Verimatrix SA     6.000  6/29/2022   EUR   3.692
EXOR NV           1.750 10/14/2034   EUR  75.422
Sberbank of Rus   5.125 10/29/2022   USD   9.981
United Utilitie   1.750  02/10/2038  GBP  74.720
Ukraine Governm   7.750  09/01/2025  USD  28.665
UK Municipal Bo   1.625  8/26/2060   GBP  64.298
Gazprom PJSC vi   4.599              USD  16.000
EYEMAXX Real Es   5.500  9/24/2024   EUR   2.876
Flughafen Zuric   0.200  2/26/2035   CHF  73.857
Guinness Partne   2.000  4/22/2055   GBP  66.356
Interpipe Holdi   8.375  5/13/2026   USD  44.000
Societe Du Gran   1.000 11/26/2051   EUR  64.322
Nordiska Kredit   8.816              SEK  71.377
WD Invest Sarl    1.900  10/02/2024  EUR  11.232
Gazprom PJSC Vi   4.950  3/23/2027   USD  29.172
European Financ   0.700  1/20/2050   EUR  65.231
Mitsubishi UFJ    3.802 12/30/2099   EUR   3.650
Ministeries Van   1.000  1/23/2051   EUR  65.705
Societe Nationa   0.875  2/28/2051   EUR  58.826
MHP SE            7.750  05/10/2024  USD  54.188
VF Ukraine PAT    6.200  02/11/2025  USD  67.120
Kommunekredit     0.010  05/04/2034  EUR  75.605
Hamon & CIE SA    3.300  1/31/2035   EUR  46.000
Gazprom PJSC Vi   8.625  4/28/2034   USD  38.600
Debenhams PLC     5.250  7/15/2021   GBP   0.500
Basque Governme   1.375 10/31/2070   EUR  50.192
Finland Governm   0.125  4/15/2036   EUR  75.989
Berner Kantonal   0.100  9/30/2039   CHF  66.849
Telenor ASA       0.875  2/14/2035   EUR  75.599
United Utilitie   1.875  06/03/2042  GBP  71.286
Wales & West Ut   1.875  5/28/2041   GBP  69.171
Canton of Ticin   0.400  6/27/2044   CHF  68.746
Onward Homes Lt   2.125  3/25/2053   GBP  68.889
State of North    0.600  06/04/2041  EUR  72.094
Ukraine Governm   7.253  3/15/2033   USD  27.293
Phosagro OAO Vi   3.949  4/24/2023   USD  29.945
Gol Finance SA    7.000  1/31/2025   USD  69.625
NET4GAS sro       2.750  7/17/2025   CZK  70.791
Ukraine Governm  10.950  11/01/2023  UAH  78.093
BPCE SA           3.582 10/19/2042   USD  73.517
LEG Immobilien    1.500  1/17/2034   EUR  71.295
LEG Immobilien    0.875  3/30/2033   EUR  68.279
Jababeka Intern   6.500  10/05/2023  USD  65.930
SABIC Capital I   3.000  9/14/2050   USD  70.530
Land Berlin       0.125 11/24/2045   EUR  59.504
Tresu Investmen   5.000  01/02/2025  EUR  48.790
Nordea Kredit R   0.500  10/01/2050  DKK  74.277
Raiffeisen-Land   0.500  5/27/2041   EUR  68.483
Societe Du Gran   1.000  2/18/2070   EUR  50.999
Niedersachsen I   0.250  7/16/2035   EUR  75.474
Holcim Finance    1.375  10/08/2036  EUR  69.700
DLR Kredit A/S    1.000  10/01/2050  DKK  73.649
State of Saxony   0.500  3/24/2051   EUR  62.213
Prologis Intern   0.750  3/23/2033   EUR  70.485
Jyske Realkredi   0.500  10/01/2050  DKK  74.346
Stichting Afwik   6.250 10/26/2020   EUR   5.375
City of Lausann   0.540  11/06/2062  CHF  51.807
Sanctuary Capit   2.375  4/14/2050   GBP  74.694
State of Rhinel   0.375  03/10/2051  EUR  58.991
City of Lausann   0.680  03/11/2058  CHF  59.628
NRW Bank          0.100  07/09/2035  EUR  74.040
Aster Treasury    1.405  1/27/2036   GBP  74.083
Canton of Genev   0.500 10/31/2056   CHF  58.277
Junta de Castil   1.275  04/07/2049  EUR  64.251
State of Bremen   0.450  2/24/2051   EUR  60.957
DSV Finance BV    0.750  07/05/2033  EUR  74.316
Linde PLC         0.375  9/30/2033   EUR  74.674
Turkey Governme   5.750  05/11/2047  USD  66.147
Stichting Afwik  11.250              EUR   0.622
Severstal OAO V   5.900 10/17/2022   USD  18.000
State of North    0.375  09/02/2050  EUR  59.113
Sovereign Housi   2.375  11/04/2048  GBP  75.805
Autonomous Comm   2.965  09/08/2039  JPY  66.744
Cie de Financem   0.600 10/25/2041   EUR  70.901
Cadent Finance    2.750  9/22/2046   GBP  72.449
Rallye SA         1.000  2/28/2032   EUR  15.715
Gazprom PJSC vi   2.950  1/27/2029   USD  27.126
Polski Koncern    2.875  3/25/2031   PLN  67.486
State of Brande   0.300  10/04/2049  EUR  58.651
LSF9 Balta Issu   3.000 12/31/2030   EUR  57.234
Orpea SA          3.144 12/22/2025   EUR  70.377
Russian Foreign   5.625  04/04/2042  USD  29.096
City of Lausann   0.050  9/28/2054   CHF  47.812
Parnassia Groep   1.200  12/01/2051  EUR  72.626
Caisse Francais   0.500  10/01/2046  EUR  64.059
Development Ban   6.750  05/02/2024  USD  11.000
City of Zurich    0.250 11/24/2051   CHF  60.178
Suek Securities   3.375  9/15/2026   USD  13.738
Yuksel Insaat A   9.500  11/10/2015  USD   0.105
Region Auvergne   0.892 10/21/2041   EUR  74.104
Virgolino de Ol  11.750  02/09/2022  USD   0.500
Jyske Realkredi   0.500  10/01/2050  DKK  73.155
Iberia Lineas A   3.750  5/28/2027   EUR  75.291
Malta Governmen   1.800  8/28/2051   EUR  72.760
AXA Bank Europe   0.250  06/09/2040  EUR  66.764
Ukraine Governm   6.876  5/21/2029   USD  27.066
University of S   2.250  04/11/2057  GBP  72.128
Norwegian Air S   5.450  02/07/2023  SEK  41.264
Evan Group PLC    6.000  7/31/2022   EUR  62.498
Hungary Governm   3.125  9/21/2051   USD  66.319
National Grid E   2.000  4/17/2040   GBP  70.950
Fastighets AB B   1.293  03/03/2031  EUR  59.536
Credit Agricole   1.000  1/17/2045   EUR  69.075
Pfandbriefbank    0.250  10/06/2042  CHF  68.646
RTE Reseau de T   1.125  09/09/2049  EUR  56.986
Region of Piemo   0.093 11/27/2036   EUR  74.354
Luzerner Kanton   0.500  7/26/2041   CHF  72.445
Air Berlin PLC    6.750  05/09/2019  EUR   0.338
EDOB Abwicklung   7.500  04/01/2012  EUR   1.388
Unibail-Rodamco   2.000  4/28/2036   EUR  70.315
Canton of Neuch   0.300  7/19/2039   CHF  70.948
Zurich Finance    1.600 12/17/2052   EUR  73.652
Polski Fundusz    1.375  8/30/2027   PLN  72.948
Elli Finance UK   8.750  6/15/2019   GBP  65.125
Offshore Drilli   8.375  9/20/2020   USD   6.533
Republic of Ire   1.425  9/18/2119   EUR  62.659
ESFIL-Espirito    5.250  06/12/2015  EUR   0.111
Fresnillo PLC     4.250  10/02/2050  USD  73.720
Anadolu Efes Bi   3.375  6/29/2028   USD  69.430
Romanian Govern   3.875 10/29/2035   EUR  75.145
WPP Finance 201   2.875  9/14/2046   GBP  67.627
Landwirtschaftl   0.010 11/26/2040   EUR  64.813
Kraftwerk Eglis   1.695  6/27/2024   CHF   1.010
Transports Publ   0.450 12/29/2056   CHF  54.287
AK BARS Bank Vi   8.000  7/13/2022   USD  25.274
National Grid G   1.625  1/14/2043   GBP  60.602
Gazprom PJSC Vi   5.150  02/11/2026  USD  28.768
CCEP Finance Ir   1.500  05/06/2041  EUR  66.310
Iberdrola Finan   1.000  02/02/2037  EUR  70.248
Metinvest BV      8.500  4/23/2026   USD  59.000
State of North    1.000 10/16/2046   EUR  74.470
City of Lausann   0.600  07/06/2050  CHF  65.012
Pfandbriefbank    0.125  8/17/2040   CHF  69.240
Deutsche Lichtm   5.250  02/01/2027  EUR   4.070
Land Thueringen   0.125  1/13/2051   EUR  54.484
Canton of Neuch   0.100 10/29/2049   CHF  53.646
Region Wallonne   1.050  6/22/2040   EUR  75.273
Platform HG Fin   1.926  9/15/2041   GBP  73.346
Metinvest BV      7.750 10/17/2029   USD  62.000
Republic of Bel   7.625  6/29/2027   USD  13.929
Bourbon Corp      8.305              EUR   0.658
St Galler Kanto   0.100  10/10/2041  CHF  65.920
Barclays Bank P  12.000  9/24/2025   TRY  43.127
CCEP Finance Ir   0.875  05/06/2033  EUR  76.040
Thames Water Ut   2.375  4/22/2040   GBP  74.474
Deutsche Lichtm   5.750  01/01/2023  EUR   5.000
Andrade Gutierr  11.000  8/20/2021   USD  57.174
TotalEnergies C   1.535  5/31/2039   EUR  75.326
Banco Espirito    2.612              EUR   0.349
NAK Naftogaz Uk   7.625  11/08/2026  USD  32.868
State Agency of   6.250  6/24/2028   USD  28.141
Luzerner Kanton   0.400  3/15/2038   CHF  75.233
Sigma Holdco BV   5.750  5/15/2026   EUR  61.740
Polski Fundusz    1.750  06/07/2027  PLN  75.340
Civitas Propert   4.000 11/24/2022   EUR  65.000
Petrobras Globa   4.750  04/02/2038  EUR  69.664
Nederlandse Gas   0.750 10/13/2036   EUR  72.581
Avangardco Inve  10.000 10/29/2018   USD   0.348
de Volksbank NV   0.125 11/19/2040   EUR  64.869
DLR Kredit A/S    0.500  10/01/2053  DKK  72.249
Espirito Santo    6.875 10/21/2019   EUR   0.244
Praktiker AG      5.875  02/10/2016  EUR   0.069
Republic of Bel   6.378  2/24/2031   USD  14.250
Caisse Francais   0.375  2/13/2040   EUR  69.108
NRW Bank          0.500  6/17/2041   EUR  70.764
Banco Espirito    2.432              EUR   0.120
Transcapitalban  10.000              USD  65.360
Credit Mutuel A   0.875  03/11/2033  EUR  74.876
City of Lausann   0.600 11/30/2056   CHF  59.562
Ukraine Governm  15.840  2/26/2025   UAH  65.343
State of Schles   0.200  8/15/2039   EUR  68.656
Samhallsbyggnad   2.750  04/03/2040  EUR  35.533
Sovcombank Via    7.750              USD   3.657
Autonomous Comm   1.850  5/13/2061   EUR  63.831
Hacienda Invest   5.350  02/08/2028  USD  11.000
Novolipetsk Ste   4.700  5/30/2026   USD  35.000
Vier Gas Transp   0.500  09/10/2034  EUR  64.733
Fuerstenberg Ca   1.609              EUR  56.931
BNG Bank NV       0.805  6/28/2049   EUR  69.812
Pfandbriefbank    0.375  6/15/2046   CHF  67.433
Action Logement   0.750  7/19/2041   EUR  71.086
VTB Bank PJSC V   9.500              USD   8.193
Muenchener Hypo   0.010  11/02/2040  EUR  63.409
Veneto Banca Sp   9.878  12/01/2025  EUR   0.237
Hylea Group SA    7.250  12/01/2022  EUR   3.750
Hellas Telecomm   6.054  1/15/2015   USD   0.001
Nordea Kredit R   0.500  10/01/2053  DKK  72.411
Land Thueringen   0.200  09/12/2039  EUR  68.483
Nordea Kredit R   1.000  10/01/2053  DKK  66.784
Severn Trent Ut   0.010 12/16/2055   GBP  77.948
New World Resou   4.000  10/07/2020  EUR   0.234
New World Resou   8.000  04/07/2020  EUR   0.001
Basque Governme   1.000 10/31/2050   EUR  56.548
Region of Ile d   0.610  07/02/2040  EUR  71.358
German Pellets    7.250 11/27/2019   EUR   1.545
Turkey Governme   5.875  6/26/2031   USD  75.849
DLR Kredit A/S    1.000  10/01/2053  DKK  72.616
Bilt Paper BV    10.360              USD   1.704
UkrLandFarming   10.875  3/26/2018   USD   1.358
Societe Du Gran   0.875  05/10/2046  EUR  68.085
Stonewater Fund   1.625  09/10/2036  GBP  76.096
Ukreximbank Via   7.623  02/09/2023  USD  31.848
DZ Bank AG Deut   0.550  4/29/2024   EUR  51.830
Investitionsban   0.050  03/02/2035  EUR  74.747
Manchester Airp   2.875  9/30/2044   GBP  75.767
Free and Hansea   0.200  09/03/2049  EUR  57.035
Land Thueringen   0.375  12/01/2051  EUR  58.680
Kelag-Kaerntner   1.150  4/16/2041   EUR  68.597
Region de Bruxe   1.400  03/11/2054  EUR  68.722
Akademiska Hus    0.650  02/08/2044  CHF  72.248
Virgolino de Ol  10.500  1/28/2018   USD   0.455
Ministeries Van   0.125 10/15/2035   EUR  74.016
Ukraine Governm   9.990  5/22/2024   UAH  65.912
Western Power D   1.625  10/07/2035  GBP  72.837
Kommunekredit     0.500  7/30/2027   TRY  14.417
Malta Governmen   1.500 10/22/2045   EUR  74.730
Aragvi Finance    8.450  4/29/2026   USD  71.000
Russian Foreign   2.875  12/04/2025  EUR  17.509
BAWAG PSK Bank    0.375  3/25/2041   EUR  66.985
State of Saarla   0.050  11/05/2040  EUR  64.925
BPCE SFH SA       0.375  3/18/2041   EUR  67.936
Autonomous Comm   1.515  6/21/2051   EUR  65.977
Societe Central   2.500  5/15/2023   EUR   6.870
Aegon Bank NV     0.375  06/09/2036  EUR  74.375
Credit Bank of    7.500  10/05/2027  USD  20.658
Orbit Capital P   2.000 11/24/2038   GBP  76.400
Kuntarahoitus O   0.050  09/10/2035  EUR  73.893
LiveWest Treasu   2.250  10/10/2043  GBP  77.009
EOS Imaging SA    6.000  5/31/2023   EUR   7.250
Luzerner Kanton   0.250  8/28/2040   CHF  69.909
Borets Finance    6.000  9/17/2026   USD  31.966
Air Berlin PLC    5.625  05/09/2019  CHF   0.479
Caisse Francais   0.625  1/20/2042   EUR  70.433
Region Wallonne   0.500  6/22/2037   EUR  73.248
CRC Breeze Fina   6.110  05/08/2026  EUR  31.448
Wingholding Zrt   3.500  5/20/2030   HUF  73.675
Luzerner Kanton   0.160 12/23/2043   CHF  65.765
KTG Agrar SE      7.125  06/06/2017  EUR   1.746
Cooperatieve Ra   0.500  7/30/2043   MXN  12.089
Metinvest BV      7.750  4/23/2023   USD  66.250
Lehman Brothers   3.875              EUR  17.125
Deutsche Lichtm   5.750  12/01/2023  EUR   9.987
Serbia Internat   2.050  9/23/2036   EUR  60.730
Deutsche Bank A   1.750 10/30/2028   USD  75.230
Lehman Brothers   6.900              USD   3.986
Privatbank CJSC  11.000  02/09/2021  USD   1.000
Pfandbriefzentr   0.020  1/30/2040   CHF  68.478
EYEMAXX Real Es   5.500  7/22/2025   EUR  75.000
Kernel Holding    6.750 10/27/2027   USD  46.682
Covivio           0.875  1/20/2033   EUR  74.682
BNG Bank NV       0.250 11/22/2036   EUR  73.593
BNG Bank NV       0.125  07/09/2035  EUR  74.989
Ukraine Governm  10.000  8/23/2023   UAH  74.941
Cirio Finance L   7.500  11/03/2002  EUR   0.908
Aydem Yenileneb   7.750  02/02/2027  USD  73.302
Northern Powerg   2.250  10/09/2059  GBP  66.871
Northern Powerg   1.875  6/16/2062   GBP  60.055
MHP Lux SA        6.950  04/03/2026  USD  53.259
ABN AMRO Bank N   1.115  03/03/2042  EUR  76.371
DLR Kredit A/S    0.500  10/01/2050  DKK  73.198
French Republic   0.750  5/25/2052   EUR  63.805
European Primar   1.732  11/09/2055  GBP  67.345
Privatbank CJSC  10.875  2/28/2018   USD   3.630
Nationwide Buil   0.485  07/11/2044  CHF  68.438
Banco Espirito    6.875  7/15/2016   EUR  24.500
Rhaetische Bahn   0.050  08/03/2050  CHF  55.331
Standard Profil   6.250  4/30/2026   EUR  62.545
Cellnex Telecom   1.900  7/31/2029   EUR  72.723
BAWAG PSK Bank    0.010 11/19/2035   EUR  70.656
Realkredit Danm   0.500  10/01/2053  DKK  71.104
Land Berlin       0.100  1/18/2041   EUR  65.258
Gazprom PJSC Vi   3.125 11/17/2023   EUR  32.497
LiveWest Treasu   1.875  2/18/2056   GBP  64.103
Alno AG           8.500  5/14/2018   EUR  14.500
Dexia SA          1.342              EUR   3.165
Italy Buoni Pol   2.150  09/01/2052  EUR  70.485
Wrekin Housing    2.500 10/22/2048   GBP  76.416
Canton of Genev   0.050  8/27/2041   CHF  66.680
Nationale-Neder   0.375  03/04/2041  EUR  67.710
Raiffeisenlande   0.200  06/09/2036  EUR  69.220
Ukraine Governm  12.520  5/13/2026   UAH  63.833
Alfa Bank AO Vi   5.950  4/15/2030   USD   8.000
Albania Governm   3.500 11/23/2031   EUR  74.083
Ukraine Governm   7.750  09/01/2026  USD  28.625
Ukraine Governm   9.790  5/26/2027   UAH  81.145
Banque Cantonal   0.100  11/01/2044  CHF  61.105
Ministeries Van   0.875  3/21/2046   EUR  68.062
AXA Home Loan S   0.125  6/25/2035   EUR  73.410
Barclays Bank P   0.500  1/28/2033   MXN  29.453
Region Wallonne   0.650  1/16/2051   EUR  56.465
V-Bank AG         4.000              EUR  61.312
Canton of Neuch   0.350  7/14/2050   CHF  58.960
Canton of Zuric   0.100  6/23/2045   CHF  63.790
Republic of Bel   6.875  2/28/2023   USD  17.036
Kommunekredit     0.500  6/19/2039   DKK  70.109
Romanian Govern   2.750  4/14/2041   EUR  60.220
Raiffeisen Land   0.250  03/04/2036  EUR  73.300
Cirio Holding L   6.250  2/16/2004   EUR   1.691
Societe General   3.920  12/09/2036  AUD  71.085
Banca Popolare    2.821 12/20/2017   EUR   0.362
Vnesheconombank   5.942 11/21/2023   USD   5.684
Sovcombank Via    7.600              USD   4.700
Sberbank of Rus   5.250  5/23/2023   USD  12.472
Agrokor dd        9.875  05/01/2019  EUR  15.000
Spain Governmen   1.000 10/31/2050   EUR  60.711
City of Lausann   0.230  11/01/2060  CHF  46.455
National Grid E   2.000  9/16/2038   GBP  73.039
Achmea Bank NV    0.250  9/29/2036   EUR  72.617
London & Quadra   2.000 10/20/2038   GBP  75.834
Turkey Governme   4.875  4/16/2043   USD  63.155
Nationwide Buil   0.500  05/05/2041  EUR  69.261
State of North    0.750  8/16/2041   EUR  73.937
Bayerische Land   0.380  1/22/2031   EUR  80.266
Ukraine Governm   7.375  9/25/2032   USD  27.110
Polski Fundusz    2.000  03/05/2030  PLN  67.900
Bank Vontobel A  15.000  11/07/2022  EUR  43.200
Kairos Global S   1.900  07/03/2035  USD  72.677
Paradigm Homes    2.250  5/20/2051   GBP  72.425
Romanian Govern   4.000  2/14/2051   USD  67.151
Romania Governm   3.650  9/24/2031   RON  68.184
Cellnex Finance   3.875  07/07/2041  USD  68.933
Prosus NV         2.778  1/19/2034   EUR  71.912
State of Brande   0.600 10/13/2051   EUR  63.585
Republic of Bel   5.875  2/24/2026   USD  14.000
Peine GmbH        2.000  07/05/2023  EUR  44.500
Pfandbriefbank    0.250  4/25/2042   CHF  69.256
Deutsche Bahn F   3.350  1/20/2042   AUD  75.516
Ukraine Governm   7.750  09/01/2023  USD  35.000
Alpine Holding    5.250  07/01/2015  EUR   3.084
Sairgroup Finan   4.375  06/08/2006  EUR   1.583
LEG Immobilien    1.625 11/28/2034   EUR  69.235
Republic of Bel   6.200  2/28/2030   USD  13.833
Swissgrid AG      0.050  6/30/2050   CHF  49.284
Alitalia-Societ   5.250  7/30/2020   EUR   0.100
Tennor Finance    5.750  6/17/2024   EUR  75.000
Jaguar Land Rov   4.500  7/15/2028   EUR  73.119
Bank Nadra Via    8.250  7/31/2018   USD   0.208
SNCF Reseau       2.581 10/30/2047   SEK  76.901
Region Wallonne   1.250  6/22/2071   EUR  57.068
DLR Kredit A/S    0.500  10/01/2050  DKK  74.216
Wessex Water Se   1.250  01/12/2036  GBP  69.959
VPV Lebensversi   3.597  8/17/2026   EUR  66.134
Malta Governmen   1.200  5/13/2037   EUR  76.890
Kardan NV         6.325  2/21/2021   ILS  17.010
Bank Julius Bae  13.250  01/05/2023  USD  42.750
Eurotorg LLC Vi   9.000 10/22/2025   USD  31.250
Romanian Govern   2.000  1/28/2032   EUR  69.189
Canton of Genev   0.600  07/04/2046  CHF  70.487
Joh Friedrich B   6.250  6/18/2024   EUR  31.501
Hema Bondco II    8.500  1/15/2023   EUR   0.113
Ile-de-France M   0.200 11/16/2035   EUR  74.071
London & Quadra   2.750  7/20/2057   GBP  76.331
Societe General   1.137  1/26/2037   EUR  71.191
Banco Santander   2.118              EUR   1.563
Sidetur Finance  10.000  4/20/2016   USD   0.770
Raiffeisen Cent   7.250  12/01/2023  EUR  69.770
Hampshire Trust   7.250  05/10/2028  GBP  73.000
Landesbank Bade   0.290 10/18/2030   EUR  75.992
Ukraine Governm   6.750  6/20/2026   EUR  29.308
Ukraine Governm   7.750  09/01/2027  USD  28.412
Nationale-Neder   0.050  11/12/2040  EUR  64.539
Italy Buoni Pol   1.800  03/01/2041  EUR  74.354
LIB-Landesimmob   0.620  7/15/2041   EUR  70.609
Region de Bruxe   1.121  05/11/2071  EUR  54.251
Department of L   0.515  5/25/2040   EUR  67.237
Nykredit Realkr   1.000  10/01/2050  DKK  73.730
State of North    0.500 11/25/2039   EUR  72.451
Muenchener Hypo   0.250  05/02/2036  EUR  73.726
State of Bremen   0.150  9/14/2040   EUR  66.240
Banco de Sabade   3.150  3/30/2037   EUR  65.375
Frigoglass Fina   6.875  02/12/2025  EUR  53.621
Free and Hansea   0.250  2/18/2041   EUR  67.216
Polyus Finance    3.250 10/14/2028   USD  26.696
Grupo Antolin-I   3.500  4/30/2028   EUR  67.508
Ziggo Bond Co B   3.375  2/28/2030   EUR  71.709
Cooperatieve Ra   0.500 10/30/2043   MXN  11.908
Credit Bank of    8.875              USD  12.985
Evraz PLC         5.250  04/02/2024  USD  42.367
Raiffeisenlande   0.375  1/15/2035   EUR  76.311
Ukraine Governm  11.670 11/22/2023   UAH  77.468
Solarworld AG     9.691  2/24/2019   EUR  25.000
Corporate Comme   8.250  08/08/2014  USD   0.308
Romanian Govern   4.625  04/03/2049  EUR  73.139
Orient Express    2.000              USD  19.802
Argenta Spaarba   0.500  10/08/2041  EUR  68.851
Region de Bruxe   0.562 12/23/2065   EUR  42.856
Metinvest BV      5.625  6/17/2025   EUR  57.978
Autobahnen- und   0.100  7/16/2035   EUR  74.689
State of Lower    0.250  4/15/2036   EUR  74.770
Uralkali OJSC V   4.000 10/22/2024   USD  20.007
MMC Norilsk Nic   6.625 10/14/2022   USD  65.000
Jyske Realkredi   0.500  10/01/2053  DKK  71.137
City of Zurich    0.400 11/21/2046   CHF  67.840
Kommunekredit     0.375  02/03/2045  DKK  61.884
Norwegian Air S   6.375 11/15/2024   USD  48.176
Gazprom PJSC vi   3.897              EUR  14.253
Ukraine Governm  11.500 10/25/2023   UAH  75.355
Energizer Gamma   3.500  6/30/2029   EUR  72.695
VON Der Heydt S   1.000  4/30/2031   EUR  70.898
Boparan Finance   7.625 11/30/2025   GBP  70.567
Land Berlin       0.050  08/06/2040  EUR  65.008
Bayerische Land   0.250  3/21/2036   EUR  74.974
Credit Bank of    4.700  1/29/2025   USD  21.000
UniCredit Bank    0.010  1/21/2036   EUR  71.543
Del Monte Finan   6.625  5/24/2006   EUR   1.401
Region Bretagne   0.544  12/07/2036  EUR  75.291
MMC Norilsk Nic   2.550  09/11/2025  USD  51.356
Senivita Social   6.500  05/12/2025  EUR   5.510
Muenchener Hypo   0.250  3/29/2041   CHF  67.922
Vasakronan AB     3.300  1/14/2042   AUD  74.599
OGX Austria Gmb   8.375  04/01/2022  USD   0.032
Sovcombank Via    8.000  04/07/2030  USD   4.544
Ukraine Governm   4.375  1/27/2030   EUR  26.597
MFB Magyar Fejl   2.900 10/22/2031   HUF  64.987
Grand City Prop   2.000 10/25/2032   EUR  72.649
Caisse de Refin   0.250  02/07/2035  EUR  76.030
Kreditanstalt f   1.000 10/19/2050   EUR  66.554
Zorlu Yenileneb   9.000  06/01/2026  USD  72.760
Kantonsspital S   0.300  9/30/2036   CHF  73.738
Nostrum Oil & G   7.000  2/16/2025   USD  24.741
Blend Funding P   2.467  6/16/2061   GBP  69.846
Junta de Castil   1.270 10/31/2044   EUR  69.251
Hungary Governm   3.125  9/21/2051   USD  66.501
Cirio Finanziar   8.000 12/21/2005   EUR   0.372
Region de Bruxe   1.220  6/23/2053   EUR  67.066
UniCredit Bank    0.050  9/21/2035   EUR  72.105
Midland Heart C   1.831  08/12/2050  GBP  65.328
Romanian Govern   3.375  1/28/2050   EUR  61.496
Republic of Ire   0.740 11/27/2120   EUR  36.243
Windreich GmbH    6.500  7/15/2016   EUR   4.475
Virgin Media Se   4.125  8/15/2030   GBP  74.665
Altice France H   4.000  2/15/2028   EUR  70.091
Pfandbriefbank    0.250  5/17/2040   CHF  71.394
Land Baden-Wuer   0.125 11/19/2040   EUR  66.203
Kommunalbanken    3.095  6/28/2028   PLN  78.098
Espirito Santo    9.750 12/19/2025   EUR   0.324
Endo Luxembourg   6.125  04/01/2029  USD  73.696
Alfa Bank AO Vi   5.900              USD   7.949
EVN AG            0.850 10/15/2035   EUR  69.549
Bellis Finco PL   4.000  2/16/2027   GBP  72.352
Region Occitani   0.728 11/16/2037   EUR  74.704
Jain Internatio   7.125  02/01/2022  USD  21.017
Romanian Govern   2.875  4/13/2042   EUR  60.130
Waste Italia Sp  10.500 11/15/2019   EUR   0.550
Pfandbriefzentr   0.050  10/06/2043  CHF  64.014
Alpine Holding    6.000  5/22/2017   EUR   3.084
Romanian Govern   2.625  12/02/2040  EUR  59.801
Norske Skogindu   2.000 12/30/2115   EUR   0.113
Assistance Publ   1.125  4/16/2047   EUR  70.603
Kleopatra Holdi   6.500  09/01/2026  EUR  65.402
Societe General  10.000  4/28/2034   USD  63.000
Phosphorus Hold  10.000  04/01/2019  GBP   1.348
MMC Norilsk Nic   4.100  04/11/2023  USD  56.885
Sovcombank Via    3.400  1/26/2025   USD   5.199
Novatek OAO Via   4.422 12/13/2022   USD  50.000
LBI ehf           6.100  8/25/2011   USD  10.662
Bayerische Land   1.550  2/13/2040   EUR  64.762
BNG Bank NV      10.010  6/17/2025   TRY  41.871
Land Thueringen   0.250  03/05/2040  EUR  68.475
Evraz PLC         5.375  3/20/2023   USD  45.022
Barclays Bank P   1.218  06/03/2036  USD  65.000
Barclays Bank P   1.750  9/29/2032   USD  64.093
Prosus NV         2.031  08/03/2032  EUR  70.612
Deutsche Bank A   1.050  09/01/2031  EUR  72.538
Moby SpA          7.750  2/15/2023   EUR  71.946
Finmek Internat   7.000  12/03/2004  EUR   2.193
Romanian Govern   1.750  7/13/2030   EUR  72.082
Depfa Funding I   2.056              EUR  48.324
Saleza AS         9.000  07/12/2021  EUR   0.203
Department of P   0.664 12/20/2039   EUR  69.878
Ukraine Governm  12.520  5/13/2026   UAH  63.833
Fortum Oyj        3.500  06/03/2043  EUR  73.341
VTB Bank OJSC V   6.950 10/17/2022   USD   5.725
Metinvest BV      7.650  10/01/2027  USD  57.297
La Banque Posta   0.250  02/12/2035  EUR  75.231
Region Wallonne   1.225  09/02/2120  EUR  44.643
CBo Territoria    3.750  07/01/2024  EUR   4.670
Barclays Bank P   1.092  7/28/2031   USD  58.917
State Savings B   7.293  1/19/2024   USD  30.625
Assistance Publ   0.634  8/27/2045   EUR  63.713
Deutsche Bank A   0.687  10/11/2049  EUR  51.157
Hellas Telecomm   8.500 10/15/2013   EUR   0.834
Novolipetsk Ste   1.450  06/02/2026  EUR  33.751
Nobel Bidco BV    3.125  6/15/2028   EUR  69.333
Land Berlin       0.125  06/04/2035  EUR  75.074
HSE Finance Sar   5.625 10/15/2026   EUR  69.583
Ukraine Governm   7.375  9/25/2032   USD  27.138
Region of Venet   0.112  12/07/2046  EUR  70.275
Caisse Francais   0.010 10/19/2035   EUR  71.574
Magyar Export-I   2.500  5/23/2029   HUF  70.790
Pfandbriefbank    0.375  9/23/2043   CHF  69.795
Societe General   1.700  1/19/2031   USD  74.454
Prosus NV         1.985  7/13/2033   EUR  68.483
City of Zurich    0.250  5/26/2039   CHF  73.078
Republic of Arm   3.600  02/02/2031  USD  70.376
Serbia Internat   1.500  6/26/2029   EUR  73.513
Nationale-Neder   0.050  9/24/2035   EUR  72.511
BNP Paribas SA    1.590  2/23/2051   EUR  65.871
Realkredit Danm   0.500  10/01/2050  DKK  73.119
Dana Financing    3.000  7/15/2029   EUR  72.950
Kingdom of Belg   0.459  7/23/2079   EUR  37.357
Steilmann SE      7.000  9/23/2018   EUR   1.429
Ukraine Governm   9.700  12/08/2032  UAH  42.710
KTG Agrar SE      7.250 10/15/2019   EUR   1.746
Nordea Kredit R   0.500  10/01/2050  DKK  73.221
Free State of B   0.010  1/18/2035   EUR  74.802
Gazprom PJSC vi   1.500  2/17/2027   EUR  27.302
Solon SE          1.375  12/06/2012  EUR   0.745
Sihltal Zuerich   0.250  4/30/2036   CHF  71.428
Landeskreditban   0.610 11/17/2050   EUR  63.251
Eurogrid GmbH     0.875 11/20/2040   EUR  61.891
Eurochem Financ   5.500  3/13/2024   USD  39.989
State of Rhinel   0.600 10/24/2046   EUR  65.882
Heimstaden Bost   2.800  05/04/2035  EUR  72.210
Single Platform   0.915  2/15/2043   EUR  64.724
Cie de Financem   0.010 10/29/2035   EUR  71.693
Single Platform   1.220  8/24/2047   EUR  63.427
Banco Santander   1.000  10/01/2033  EUR  73.057
Region of Pays    0.877 10/28/2041   EUR  73.464
Ville de Paris    0.450 10/20/2045   EUR  62.012
Ile-de-France M   0.950  5/28/2041   EUR  74.819
Muenchener Hypo   0.050  8/13/2036   CHF  72.514
Irish Bank Reso   0.566  6/21/2016   EUR   0.566
WEB Windenergie   5.500  04/08/2023  EUR  30.000
State of Brande   0.125  1/26/2046   EUR  59.338
Maxeda DIY Hold   5.875  10/01/2026  EUR  72.625
Ukraine Governm   9.750  11/01/2028  USD  28.271
Czech Republic    1.750  6/23/2032   CZK  74.165
NRW Bank          1.150  9/16/2051   EUR  69.779
Ukraine Governm  15.840  2/26/2025   UAH  65.343
Communaute Fran   0.788  8/30/2049   EUR  58.491
MMC Norilsk Nic   3.375 10/28/2024   USD  51.504
Quintet Private   3.650 11/13/2023   EUR  59.430
MMC Norilsk Nic   2.800 10/27/2026   USD  50.986
Ctec II GmbH      5.250  2/15/2030   EUR  73.597
BOA Offshore AS   0.409  7/17/2047   NOK   5.262
Pfandbriefbank    0.500  1/25/2044   CHF  71.475
Assistance Publ   0.791  8/27/2051   EUR  60.211
State of Lower    1.000  9/15/2121   EUR  47.673
Alfa Bank AO Vi   5.500 10/26/2031   USD   7.546
Region de Bruxe   0.444  3/19/2057   EUR  45.588
Hospices Civils   0.597 11/24/2031   EUR  75.064
Bulgaria Govern   1.375  9/23/2050   EUR  60.716
CB First Invest   8.000              EUR  58.455
Ukraine Governm   8.994  02/01/2024  USD  29.455
Caisse Francais   1.110  9/21/2046   EUR  72.288
Nomura Bank Int   1.130  4/23/2036   EUR  70.731
Communaute Fran   0.626  8/24/2040   EUR  68.688
Cirio Del Monte   7.750  3/14/2005   EUR   0.315
Ideal Standard    6.375  7/30/2026   EUR  63.231
Romanian Govern   3.375  1/28/2050   EUR  61.639
Nordea Kredit R   0.500  10/01/2053  DKK  71.138
Hungary Governm   3.000 10/27/2038   HUF  55.406
Single Platform   0.363  2/15/2041   EUR  57.862
Morhomes PLC      2.508  2/19/2051   GBP  71.255
Norske Skogindu   7.000 12/30/2026   EUR   0.010
Nederlandse Wat   0.125  09/03/2035  EUR  74.373
Landesbank Hess   1.250  8/25/2036   EUR  71.900
DZ Bank AG Deut  11.680  8/26/2022   EUR  35.090
Havenbedrijf Ro   1.100  3/23/2051   EUR  66.712
Pfandbriefbank    0.500  6/22/2040   CHF  75.050
Free State of S   0.400  05/12/2036  EUR  76.359
BPCE SA           1.912              EUR  62.730
Ville de Paris    0.750 11/30/2041   EUR  71.155
Banco Espirito    6.900  6/28/2024   EUR  24.500
Region de Bruxe   1.029  1/14/2048   EUR  66.955
Barclays Bank P   1.139  1/27/2031   USD  60.118
Ville de Paris    0.850  08/04/2051  EUR  62.680
Bank of Vallett   3.750  6/15/2031   EUR  75.117
Hemso Fastighet   2.975 10/25/2038   SEK  76.674
Pescanova SA      8.750  2/17/2019   EUR   0.319
Free and Hansea   0.400 11/23/2051   EUR  59.217
Hungary Governm   1.500 11/17/2050   EUR  56.142
Kingdom of Belg   1.400  6/22/2053   EUR  73.895
HSBC Holdings P   0.950  12/09/2032  EUR  75.552
Kernel Holding    6.500 10/17/2024   USD  48.090
Societe General  10.000  10/01/2036  USD  64.500
UBS Group AG      2.370  2/25/2036   USD  72.238
Jyske Realkredi   1.500  10/01/2053  DKK  74.028
Turkey Governme   6.625  2/17/2045   USD  72.089
Ukraine Governm  10.000  8/23/2023   UAH  74.941
Hungary Governm   3.000  4/25/2041   HUF  52.899
Rio Forte Inves   4.000  7/22/2014   EUR   5.117
Grupo Isolux Co   1.000 12/30/2021   EUR   0.100
Kreditanstalt f   1.115  5/17/2041   EUR  75.581
BPCE SA           2.614  03/04/2036  AUD  67.874
Swissgrid AG      0.125  6/30/2036   CHF  72.037
Portugal Teleco   6.250  7/26/2016   EUR   0.285
Credit Bank of    3.875  9/21/2026   USD  24.000
City of St Gall   0.140  9/16/2044   CHF  64.907
Land Thueringen   0.100  07/09/2035  EUR  74.559
Free and Hansea   0.010  11/05/2035  EUR  72.945
State of Bremen   0.400  8/20/2049   EUR  60.756
Ahtium PLC        9.750  04/04/2017  EUR   0.726
Gazprom PJSC vi   1.850 11/17/2028   EUR  27.690
Deutsche Teleko   3.500  4/15/2041   AUD  66.103
Natixis SA        0.300  6/25/2048   USD  31.675
Decipher Produc  12.500  9/27/2019   USD   1.500
Norddeutsche La   1.100 10/13/2034   EUR  74.953
Vasakronan AB     1.000  6/15/2041   EUR  65.706
Veneto Banca Sp   6.944  5/15/2025   EUR   0.199
LFA Foerderbank   0.050  9/29/2034   EUR  73.938
Mondelez Intern   1.250  09/09/2041  EUR  62.355
State of Brande   0.500 11/21/2039   EUR  72.768
Hemso Fastighet   1.130 10/31/2039   EUR  70.699
Golden Gate AG    6.500  10/11/2014  EUR  31.000
Ahtium PLC        4.000 12/16/2015   EUR   0.586
Basque Governme   2.000  4/30/2059   EUR  70.241
Bromford Housin   2.554  3/17/2054   GBP  78.495
Global Ports Fi   6.500  9/22/2023   USD  11.050
National Grid E   1.151  2/20/2040   EUR  59.813
Sveriges Sakers   1.378  7/13/2046   SEK  63.808
Caisse des Depo   0.398 12/15/2050   EUR  59.975
Ministeries Van   0.634 11/19/2060   EUR  48.427
International F   0.500  6/29/2027   ZAR  64.751
State of Rhinel   0.375  04/01/2041  EUR  69.171
Spain Governmen   1.200 10/31/2040   EUR  75.055
Landesbank Bade   0.500 11/25/2030   EUR  76.940
Barclays Bank P   1.580  04/12/2039  EUR  74.150
Gazprombank JSC   4.500  5/14/2032   USD  59.081
Iceland Bondco    4.375  5/15/2028   GBP  68.156
Kommunekredit     1.336  10/01/2032  AUD  73.168
Banco Santander   0.200  5/13/2031   EUR  76.811
Canton of Genev   0.250  6/15/2040   CHF  71.462
Single Platform   1.548 10/31/2050   EUR  52.587
Veneto Banca Sp   6.411              EUR   0.345
Romanian Govern   2.000  4/14/2033   EUR  65.771
Compact Bidco B   5.750  05/01/2026  EUR  71.283
Assistance Publ   1.183  4/16/2050   EUR  68.929
Deutsche Teleko   3.500  09/06/2039  AUD  67.684
Novolipetsk Ste   4.500  6/15/2023   USD  40.726
JAB Holdings BV   3.750  5/28/2051   USD  70.166
Deutsche Bahn F   3.100  5/20/2041   AUD  74.675
Ukraine Governm   3.700  6/22/2023   USD  54.447
State of Bremen   0.550  02/04/2050  EUR  63.301
Transmission Fi   2.701 10/16/2037   EUR  77.351
Grand City Prop   2.800  2/25/2039   EUR  68.675
Italy Buoni Pol   0.950  03/01/2037  EUR  69.887
French Republic   0.500  5/25/2040   EUR  73.041
Stelius Befekte   3.100  9/17/2030   HUF  66.500
National Grid E   2.920  9/30/2044   AUD  73.990
SNCF Reseau       1.425  8/14/2119   EUR  49.024
Region Wallonne   1.865  05/10/2051  EUR  78.597
Pfandbriefzentr   0.450  02/11/2042  CHF  72.504
Jyske Realkredi   0.500  10/01/2053  DKK  72.356
Single Platform   1.250  8/15/2051   EUR  62.557
Master & Fellow   3.068  4/28/2065   GBP  78.418
Region Auvergne   0.800  5/22/2040   EUR  71.920
Polski Fundusz    1.500  9/30/2027   PLN  73.139
Jyske Realkredi   1.000  10/01/2053  DKK  66.698
Turkey Governme   1.500  10/09/2024  TRY #N/A N/A
Espirito Santo    3.125  12/02/2018  EUR   0.324
Agrokor dd        9.125  02/01/2020  EUR  15.000
Novolipetsk Ste   4.000  9/21/2024   USD  39.411
Societe General   3.310 11/29/2033   AUD  73.371
Emissionszentra   0.100  11/02/2038  CHF  71.664
Land Berlin       0.500  6/19/2047   EUR  66.084
Pescanova SA      5.125  4/20/2017   EUR   0.319
Pfandbriefbank    0.375  07/08/2039  CHF  74.324
Land Berlin       0.150  2/22/2036   EUR  73.815
Muenchener Hypo   0.400  08/11/2031  EUR  76.064
Boparan Finance   7.625 11/30/2025   GBP  72.542
National Grid E   2.500  7/24/2035   AUD  74.130
Vnesheconombank   6.025  07/05/2022  USD   5.000
Elli Finance UK   8.750  6/15/2019   GBP  65.125
Emissionszentra   0.300 11/25/2039   CHF  72.825
Region de Bruxe   0.765  7/15/2052   EUR  57.751
United Kingdom    1.625 10/22/2071   GBP  79.212
Erotik-Abwicklu   7.750  07/09/2019  EUR   0.779
BNP Paribas SA    3.750  06/12/2040  AUD  76.998
Alpine Holding    5.250  06/10/2016  EUR   3.084
German Pellets    7.250  07/09/2018  EUR   1.545
State of Brande   0.050  08/10/2040  EUR  64.972
Credit Agricole   1.550  09/08/2031  AUD  75.242
Takarek Mortgag   1.750 12/22/2026   HUF  73.200
Barclays Bank P   5.000  11/01/2029  BRL  64.084
Region de Bruxe   0.592  12/10/2061  EUR  46.500
Deutsche Bank A  13.750  6/20/2026   TRY  21.942
Hunland Feed Kf   2.880  7/21/2031   HUF  67.200
BNP Paribas SA    0.857  2/22/2036   EUR  68.159
Swisscom AG       0.245 11/20/2034   CHF  76.144
Region Wallonne   1.000  9/16/2059   EUR  55.707
Barclays Bank P   0.475  2/28/2034   USD  55.625
Polski Fundusz    1.375  9/30/2027   PLN  72.620
Centre Hospital   0.490  12/01/2036  EUR  73.114
Landesbank Bade   3.300 11/25/2022   EUR  37.660
Banque Cantonal  22.200  08/02/2022  CHF  59.540
Italy Buoni Pol   1.500  4/30/2045   EUR  66.801
Societe Nationa   1.280  3/27/2120   EUR  43.930
Odea Bank AS      7.625  08/01/2027  USD  64.756
VTB Bank OJSC V   6.250  6/30/2035   USD  21.704
Communaute Fran   1.397  7/18/2059   EUR  69.145
Single Platform   1.390  6/25/2044   EUR  68.135
Air Berlin Fina   8.500  03/06/2019  EUR   0.457
OTP Munkavallal   4.500  7/14/2031   HUF  72.135
Assistance Publ   0.683  3/19/2041   EUR  68.940
Andrade Gutierr  11.000  8/20/2021   USD  57.174
Societe Du Gran   1.149  04/08/2069  EUR  56.584
DLR Kredit A/S    0.500  10/01/2053  DKK  68.659
Single Platform   0.887  9/20/2039   EUR  67.415
BNP Paribas SA    0.500 11/16/2032   MXN  31.321
Nederlandse Wat   1.900  1/31/2035   AUD  70.055
Takarek Mortgag   3.000 10/22/2031   HUF  60.600
Ukraine Governm   9.990  12/10/2031  UAH  44.855
DZ Bank AG Deut   2.000 12/29/2031   EUR  73.760
SG Issuer SA      5.150  01/10/2025  EUR  71.630
Sequa Petroleum   5.000  4/29/2020   USD  30.250
Deutsche Bahn F   1.850 11/23/2043   EUR  76.843
Hemso Fastighet   3.020  9/14/2048   SEK  71.207
Premium Green P   1.000  7/25/2040   EUR  67.370
Belfius Bank SA   0.125  6/19/2034   EUR  75.758
Intelsat Jackso   9.750  7/15/2025   USD  42.125
Intelsat Jackso   8.500 10/15/2024   USD  42.125
State of Brande   0.300 11/17/2045   EUR  62.151
Swissgrid AG      0.200  6/29/2040   CHF  66.193
Ukraine Governm  12.520  5/13/2026   UAH  63.833
Cooperatieve Ra   0.500 10/29/2027   MXN  59.044
Serbia Internat   1.000  9/23/2028   EUR  73.743
Aralco Finance   10.125  05/07/2020  USD   3.010
BAE Systems PLC   3.000  9/15/2050   USD  70.123
Kantonsspital B   0.350  9/30/2036   CHF  73.992
State of Lower    0.815  9/22/2056   EUR  61.797
Credit Bank of    7.625              USD  15.000
DZ Bank AG Deut   1.000  2/13/2042   EUR  73.303
Vilogia SA d'HL   1.500  08/07/2034  EUR  71.659
Comunidad Foral   0.550 10/22/2035   EUR  74.392
Bank Gospodarst   6.000  6/25/2045   PLN  81.226
Sairgroup Finan   6.625  10/06/2010  EUR   1.958
Comunidad Foral   1.450  05/08/2040  EUR  76.155
New World Resou   8.000  04/07/2020  EUR   0.001
Depfa Funding I   6.500              EUR  63.757
Walliser Kanton   0.010  03/12/2035  CHF  74.212
Pfandbriefbank    0.375  1/24/2042   CHF  71.600
Grupo Isolux Co   6.000 12/30/2021   EUR   0.267
Espirito Santo    5.050 11/15/2025   EUR   0.324
A-TEC Industrie   8.750 10/27/2014   EUR   0.100
GN Store Nord A   1.970  03/03/2036  EUR  74.446
Ville de Paris    1.165  06/09/2053  EUR  66.811
State of North    1.850  3/18/2089   EUR  67.165
ESB Finance DAC   2.000  4/17/2044   EUR  72.313
DXC Capital Fun   0.950  9/15/2031   EUR  75.796
O1 Properties F   0.500  9/27/2028   USD   6.040
niiio finance g   4.000  5/31/2026   EUR  42.420
Erste Group Ban   1.230  5/29/2033   EUR  76.564
UniCredit Bank    0.428 11/19/2029   EUR  72.442
Rikshem AB        3.250  5/31/2041   AUD  71.423
CDC Habitat SEM   0.853  2/15/2041   EUR  53.425
Polyus Finance    4.700  1/29/2024   USD  26.962
Cie Generale de   0.350 12/29/2056   CHF  55.170
HOCHTIEF AG       2.300  4/26/2034   EUR  72.467
Societe General   8.600  7/29/2022   USD  33.200
Elecnor SA        3.025  9/30/2035   EUR  76.329
Cattles Ltd       8.125  07/05/2017  GBP   0.027
Aeroports de la   2.500  07/09/2036  EUR  74.250
Stichting Afwik   6.625  5/14/2018   EUR   5.375
Pharmacy Chain   13.500 11/30/2029   RUB  60.500
Duna Aszfalt Ut   2.990 10/17/2029   HUF  68.000
Senvion Holding   3.875 10/25/2022   EUR   0.256
State of Rhinel   0.375  7/20/2048   EUR  60.667
Mondelez Intern   0.625  09/09/2032  EUR  72.936
Land Berlin       0.625  7/15/2039   EUR  74.794
Windreich GmbH    6.250  03/01/2015  EUR   4.475
Deutsche Agrar    7.250  9/28/2018   EUR   0.718
VTB Bank PJSC     5.000              USD  68.000
Muenchener Hypo   0.125  09/05/2035  EUR  73.838
Sibur Securitie   2.950  07/08/2025  USD  31.735
Region Occitani   0.766  10/07/2041  EUR  69.963
Caisse Francais   0.726 10/29/2039   EUR  75.626
HPI AG            3.500              EUR   2.000
Grenke Finance    2.040  4/16/2029   EUR  75.204
Assa Abloy AB     0.650  8/28/2034   EUR  74.459
Grand Delta Hab   1.285  11/06/2040  EUR  57.041
Autonomous Comm   1.655 10/31/2050   EUR  69.720
Romanian Govern   3.375  02/08/2038  EUR  68.130
Romanian Govern   2.124  7/16/2031   EUR  71.794
BNP Paribas SA    0.500  9/29/2029   AUD  68.088
Credit Bank of    5.150  2/20/2024   EUR  20.222
Hypo Vorarlberg   1.520  07/08/2050  EUR  65.656
Duna House Hold   4.500  01/12/2032  HUF  77.765
Malta Governmen   1.400  8/20/2046   EUR  71.211
Raiffeisenlande   0.998  11/04/2033  EUR  75.548
Ukraine Governm   7.750  09/01/2024  USD  29.325
Region Bourgogn   0.945  5/20/2039   EUR  74.422
Single Platform   0.780  03/05/2039  EUR  66.461
Bayerische Land   1.680 12/18/2037   EUR  81.976
Rena GmbH         7.000 12/15/2015   EUR   2.096
Single Platform   1.040  6/25/2044   EUR  63.862
Elli Investment  12.250  6/15/2020   GBP  52.250
Banco Santander   0.010  10/01/2032  EUR  71.097
Takarek Mortgag   2.600 10/22/2028   HUF  68.500
EnBW Internatio   2.080  1/21/2041   EUR  67.858
Single Platform   0.930  2/15/2041   EUR  65.032
4iG Nyrt          2.900  3/29/2031   HUF  68.215
Citigroup Globa   7.300  1/18/2030   EUR  74.420
Credit Suisse A   4.600  3/31/2023   USD   8.400
Joh Friedrich B   7.750  11/11/2020  EUR  32.000
Norddeutsche La   0.675  2/25/2033   EUR  73.772
Vasakronan AB     1.770 10/26/2033   NOK  73.243
German Pellets    7.250  04/01/2016  EUR   1.545
Kingdom of Belg   1.170  05/12/2121  EUR  50.219
Region de Bruxe   1.810  3/22/2053   EUR  78.464
Emissionszentra   0.150  09/09/2041  CHF  69.183
Centre Hospital   0.950  02/05/2041  EUR  61.452
Assistance Publ   1.073  4/16/2045   EUR  71.412
Free and Hansea   0.300  9/16/2050   EUR  58.035
Virgolino de Ol  11.750  02/09/2022  USD   0.500
Finance and Cre   9.250  1/25/2019   USD   0.001
Barclays Bank P  17.000  9/27/2023   TRY  70.015
Ukreximbank Via   7.623  02/09/2023  USD  31.848
Landesbank Bade   5.300  2/13/2034   AUD  75.544
SCF Capital Des   3.850  4/26/2028   USD  20.505
Sibur Securitie   4.125  10/05/2023  USD  31.067
Gazprom PJSC     17.690 10/21/2043   RUB  70.000
Credit Suisse A   0.500 12/16/2025   BRL  66.368
Bpifrance SACA    1.046  5/25/2050   EUR  67.797
SiC Processing    7.125  03/01/2016  EUR   0.789
Single Platform   1.051  04/01/2042  EUR  65.131
Autonomous Comm   1.550  05/11/2051  EUR  66.279
Ukraine Governm  11.670 11/22/2023   UAH  77.468
National Grid E   3.120  12/10/2039  AUD  77.285
Grand Delta Hab   1.750 10/28/2061   EUR  65.785
Autonomous Comm   1.646  7/30/2060   EUR  60.689
Banco Santander   0.180  6/22/2031   EUR  76.319
Steilmann SE      6.750  6/27/2017   EUR   2.184
Single Platform   0.465  2/27/2035   EUR  69.636
Credit Agricole   3.750  06/09/2040  AUD  70.127
Muenchener Hypo   0.250 10/31/2044   CHF  62.815
UBS AG/London     7.800 11/17/2022   CHF  60.500
Russian Foreign   5.250  6/23/2047   USD  17.800
Region Bourgogn   0.895  5/20/2038   EUR  75.228
Pfandbriefbank    0.250  1/24/2041   CHF  70.555
Communaute Fran   2.177  8/17/2068   EUR  79.988
Solarwatt GmbH    7.000  11/01/2015  EUR  15.500
NRW Bank          1.000  6/24/2051   EUR  71.019
Region de Bruxe   1.065  6/22/2047   EUR  67.730
Harp Issuer PLC   1.400  2/14/2032   USD  68.704
Barclays Bank P   2.320  01/11/2041  USD  66.832
Czech Republic    2.000 10/13/2033   CZK  73.764
Kommunekredit     0.342  09/01/2042  EUR  66.957
GTC Magyarorsza   2.600  3/17/2031   HUF  67.690
Sibur Holding P   1.500  10/01/2032  USD  26.000
Sonnedix Energy   2.200 12/31/2038   EUR  74.500
Vontobel Financ   5.800  7/22/2022   USD  75.080
Turkey Governme   6.000  1/14/2041   USD  67.881
Barclays Bank P   0.360  8/15/2033   USD  55.559
State of Hesse    0.227  8/20/2049   EUR  56.830
KPNQwest NV      10.000  3/15/2012   EUR   0.453
Romanian Govern   3.500  04/03/2034  EUR  73.654
Bulgaria Steel   12.000  05/04/2013  EUR   0.216
Libra Internet    4.250  9/28/2028   EUR  73.304
State of Saxony   0.475  9/30/2050   EUR  61.915
Kuntarahoitus O   0.940  06/09/2064  EUR  71.885
Norske Skog Hol   8.000  2/24/2021   EUR   0.006
Deutsche Pfandb   0.857  9/18/2037   EUR  58.310
Credit Bank of    5.550  2/14/2023   USD  23.468
City of St Gall   0.560  4/23/2040   CHF  76.228
Muenchener Hypo   0.580 10/14/2035   EUR  69.425
Novafives SAS     5.000  6/15/2025   EUR  67.536
Region Nouvelle   0.814 11/22/2044   EUR  67.643
BNP Paribas SA    2.300  9/17/2027   PLN  74.208
Akademiska Hus    1.252  2/13/2043   SEK  59.659
Free State of S   0.010 12/17/2035   EUR  72.709
Kreditanstalt f   0.980  6/28/2051   EUR  72.755
Landesbank Bade   1.600  04/03/2039  EUR  75.313
Republic of Ire   0.835  07/08/2080  EUR  52.763
Ukraine Governm   8.750  4/20/2033   UAH  38.867
Thomas Cook Gro   6.250  6/15/2022   EUR   0.432
Aareal Bank AG    1.576  2/23/2032   EUR  75.310
Department of G   0.846  4/29/2039   EUR  73.196
Hemso Fastighet   0.473  2/18/2030   EUR  73.763
Lehman Brothers   2.234  10/05/2035  EUR   0.100
Pfandbriefbank    0.500  6/17/2041   CHF  74.131
Pfandbriefzentr   0.250  06/12/2040  CHF  71.392
DekaBank Deutsc   3.970  02/09/2023  EUR  59.830
Credit Suisse A  13.850 10/31/2022   USD  59.110
DZ Bank AG Deut   9.410  8/26/2022   EUR  22.140
BNP Paribas Iss   1.560  02/02/2039  EUR  55.970
BNP Paribas Iss   5.000  11/05/2024  EUR  38.510
Norske Skog Hol   8.000  2/24/2021   EUR   0.006
Ukraine Governm   6.000  11/06/2024  UAH  61.097
Single Platform   0.559  2/15/2047   EUR  52.971
Region de Bruxe   1.100  6/22/2066   EUR  55.603
Deutsche Wohnen   1.700  12/05/2036  EUR  66.931
Windreich GmbH    6.500  03/01/2015  EUR   4.475
Steilmann SE      7.000  03/09/2017  EUR   1.429
Caisse des Depo   1.015  7/22/2050   EUR  72.388
NRW Bank          0.106  8/17/2050   EUR  57.121
Mobile Telesyst   5.000  5/30/2023   USD  24.583
PJSC Koks via I   5.900  9/23/2025   USD   7.550
Emissionszentra   0.350  4/27/2040   CHF  74.024
Minicentrales D   0.010  06/06/2047  EUR  59.125
Single Platform   1.050  3/17/2039   EUR  68.968
ING Bank NV       2.900  6/23/2051   USD  71.014
BNP Paribas SA    3.580  7/23/2040   AUD  75.588
Credit Suisse A   0.900 12/20/2031   EUR  75.538
Single Platform   0.860  2/15/2040   EUR  64.827
Spain Governmen   0.850  7/30/2037   EUR  75.217
Credit Bank of    3.100  1/21/2026   EUR  20.053
Single Platform   1.370  7/25/2053   EUR  63.909
Batigere Grand    1.485 10/25/2039   EUR  60.160
Societe General  24.050  8/18/2022   USD  49.750
DekaBank Deutsc   7.650  03/10/2023  EUR  36.080
Landesbank Hess   1.300  09/02/2036  EUR  71.550
Vontobel Financ   7.500 12/23/2022   USD  54.370
OTP Munkavallal   4.500  7/14/2031   HUF  72.135
Skandinaviska E   6.400  1/15/2025   SEK  42.750
UniCredit SpA     1.490 10/23/2035   EUR  66.297
Norske Skog Hol   8.000  2/24/2023   USD   0.006
Rusal Capital D   4.850  02/01/2023  USD  40.523
Republic of Ire   0.995  2/24/2121   EUR  48.677
Vasakronan AB     2.400  6/20/2044   SEK  62.239
Die Schweizeris   0.370  3/17/2036   CHF  75.805
Liga Bank eG Re   0.010  1/29/2036   EUR  69.943
CDC Habitat SEM   1.170  05/04/2037  EUR  65.089
Kingdom of Belg   0.650  6/22/2071   EUR  46.825
Deutsche Bank A   1.725  1/16/2045   EUR  50.954
BNP Paribas SA    3.950  07/11/2039  AUD  75.386
Sibur Securitie   3.450  9/23/2024   USD  24.705
NRW Bank          1.182  08/07/2050  EUR  74.073
Single Platform   1.510  2/13/2043   EUR  71.000
La Banque Posta   0.640  1/27/2042   EUR  73.918
Nordea Hypotek    2.250 10/15/2048   SEK  71.312
Vasakronan AB     2.777  04/12/2039  SEK  75.005
Tonon Luxembour  12.500  5/14/2024   USD   0.399
Skandinaviska E   9.600  1/15/2024   SEK  66.090
Communaute Fran   0.749  9/16/2080   EUR  55.419
Kingdom of Belg   0.400  6/22/2040   EUR  70.029
Ukraine Governm   8.880  05/10/2032  UAH  40.414
Credit Agricole   4.400  2/24/2042   AUD  71.927
Virgolino de Ol  10.875  1/13/2020   USD  36.000
MS Deutschland    6.875 12/18/2017   EUR   0.610
Russian Railway  18.100  5/30/2040   RUB  50.010
Skandinaviska E   9.200  7/15/2024   SEK  56.210
Natixis SA        2.920  09/05/2039  AUD  69.268
Grand Delta Hab   1.425  2/26/2048   EUR  50.544
Nykredit Realkr   1.000  10/01/2050  DKK  76.802
BNG Bank NV       2.300  03/03/2036  AUD  72.252
City of Kyiv Vi   7.500 12/15/2022   USD  36.382
Banque Internat   2.120  8/20/2040   EUR  75.290
Kommunekredit     0.869  11/12/2043  SEK  65.398
Heimstaden Bost   2.800  05/04/2035  EUR  73.879
State of Saarla   0.500  3/15/2051   EUR  61.681
Credit Agricole   3.000  1/28/2041   AUD  56.503
DZ HYP AG         1.300  7/18/2041   EUR  77.792
UniCredit SpA     1.050  1/23/2031   EUR  75.416
State of Hesse    0.450  9/23/2044   EUR  64.811
DNB Bank ASA      1.185  1/14/2038   EUR  68.493
Deutsche Bank A   0.700  10/07/2031  EUR  69.501
State of Lower    0.050  03/09/2035  EUR  74.852
Transports Publ   0.320 10/28/2037   CHF  64.811
Nederlandse Wat   0.750  10/04/2041  EUR  74.034
DZ HYP AG         1.430 10/26/2046   EUR  76.130
Hypo Vorarlberg   0.920  07/08/2036  EUR  70.329
Assistance Publ   0.750  12/03/2041  EUR  68.856
VTB Bank PJSC     5.587              USD  54.001
Banque Cantonal  12.360  6/27/2023   CHF  71.940
Regie Autonome    0.875  8/18/2080   EUR  53.925
Ukraine Governm   3.890  02/02/2023  USD  68.441
Chelyabinsk Pip   4.500  9/19/2024   USD  10.477
Region Wallonne   1.000  6/22/2045   EUR  66.454
Deutsche Bank A   0.700 10/28/2031   EUR  72.026
Caisse des Depo   1.365  11/02/2051  EUR  75.362
Caisse des Depo   0.916  1/20/2051   EUR  66.148
Single Platform   1.340  05/10/2044  EUR  67.570
Portugal Obriga   1.000  04/12/2052  EUR  58.521
Espirito Santo    1.097 10/27/2024   EUR   0.297
Region Hauts-de   0.402  2/18/2043   EUR  62.879
Muenchener Hypo   1.300  05/07/2061  EUR  71.766
Department of B   1.068  5/21/2048   EUR  68.588
Societe Nationa   2.842  3/31/2036   AUD  76.734
Sweden Governme   0.500 11/24/2045   SEK  73.583
Agrokor dd        9.875  05/01/2019  EUR  15.000
UBS AG/London     0.904 11/23/2025   EUR  63.750
Kreditanstalt f   1.270  6/29/2051   EUR  75.154
Kreditanstalt f   1.100  9/16/2051   EUR  69.064
FLUVIUS System    0.810  04/08/2033  EUR  75.185
Carmila SA        1.890  11/06/2031  EUR  67.092
WEB Windenergie   4.500              EUR   0.010
DZ Bank AG Deut   0.440  1/21/2036   EUR  68.184
Muenchener Hypo   1.172 10/30/2047   EUR  75.130
Credit Suisse A   0.800 10/15/2031   EUR  75.491
Russian Federal   0.250  7/20/2044   RUB  15.000
Bank J Safra Sa   7.750 12/22/2022   CHF  70.490
Takarek Mortgag   3.000  8/21/2030   HUF  63.500
Landesbank Hess   1.500 10/20/2036   EUR  72.300
DZ Bank AG Deut   4.690 11/25/2022   EUR  40.500
Credit Suisse A  20.000 11/29/2024   USD  11.150
Credit Suisse A   6.100  09/08/2022  USD   9.450
Leonteq Securit   8.610  7/20/2022   CHF  64.550
Nederlandse Wat   2.340  04/10/2047  SEK  74.936
Virgolino de Ol  10.500  1/28/2018   USD   0.010
OGX Austria Gmb   8.500  06/01/2018  USD   0.008
State of Meckle   0.239 11/17/2070   EUR  43.798
Specialfastighe   2.205  10/11/2038  SEK  75.938
Deutsche Bank A   0.650  06/03/2031  EUR  75.610
Region of Centr   0.712  12/03/2039  EUR  70.605
Department of G   0.650 12/17/2038   EUR  71.206
Single Platform   0.740  04/01/2042  EUR  62.267
Deutsche Bank A   0.500  9/16/2031   EUR  75.449
Deutsche Wohnen   1.250  7/31/2031   EUR  76.094
Ministeries Van   0.875  06/03/2045  EUR  68.062
Single Platform   0.946  5/25/2036   EUR  72.164
Canton of Genev   0.300 11/28/2039   CHF  73.021
Berner Oberland   0.450  5/30/2036   CHF  74.990
Bank J Safra Sa   7.000  7/21/2022   CHF  72.320
Skandinaviska E   8.520  1/15/2024   SEK  64.050
Pfandbriefbank    0.250  3/15/2041   CHF  70.604
Kreditanstalt f   1.171  7/19/2051   EUR  73.174
Polyus Finance    5.250  02/07/2023  USD  25.137
Ile-de-France M   1.586  2/23/2052   EUR  75.671
Dtek Renewables   8.500  11/12/2024  EUR  41.479
Region Hauts-de   0.691  07/09/2042  EUR  67.414
National Grid E   1.690  9/16/2041   GBP  64.414
Ukraine Governm  12.300  07/03/2024  UAH  70.661
Free State of B   0.010  3/28/2036   EUR  71.587
Societe General   9.000  6/15/2023   USD  38.000
Luzerner Kanton  13.700  9/29/2022   EUR  63.070
Landesbank Bade   3.480  2/24/2023   EUR  40.210
UBS AG/London    12.660  1/17/2024   USD   7.062
Skandinaviska E   7.450  1/15/2025   SEK  45.390
Szinorg Univers   3.000  5/15/2030   HUF  62.821
Bayer Construct   3.700 10/21/2031   HUF  66.775
Caixa Economica   5.000              EUR  50.020
Single Platform   1.850  2/15/2041   NOK  73.839
Italy Buoni Pol   1.700  09/01/2051  EUR  64.799
Purple Protecte   2.100  4/15/2060   EUR  66.289
Region of Pays    0.448  9/25/2040   EUR  65.858
Batigere Grand    1.345  4/18/2032   EUR  76.150
Slovenia Govern   1.175  2/13/2062   EUR  61.086
MFB Magyar Fejl   4.200  4/20/2033   HUF  69.933
Swiss Confedera   0.500  5/24/2055   CHF  73.333
SpareBank 1 Nor   1.580  3/13/2034   EUR  75.276
Raiffeisen Bank   0.370  02/03/2033  EUR  71.953
Deutsche Pfandb   0.710  09/10/2031  EUR  73.299
Communaute Fran   1.581  1/23/2120   EUR  53.024
Ville de Paris    1.165  06/09/2053  EUR  66.914
Norddeutsche La   1.600  08/01/2039  EUR  75.085
Windreich GmbH    6.750  03/01/2015  EUR   4.475
Municipality of   0.605  2/24/2040   EUR  73.840
Virgolino de Ol  10.875  1/13/2020   USD  36.000
Deutsche Bahn F   2.005  06/07/2039  SEK  73.914
Wellis Magyaror   3.000  2/26/2031   HUF  68.831
Specialfastighe   2.375  6/25/2048   SEK  71.575
Caisse des Depo   1.075  9/15/2050   EUR  73.508
Italy Buoni Pol   2.150  03/01/2072  EUR  64.559
Aargau Verkehr    0.270 11/29/2049   CHF  66.567
DekaBank Deutsc   1.585 12/28/2035   EUR  73.084
Credit Suisse A   7.370 12/28/2022   USD   9.570
SFO Social Deve  10.210  01/08/2027  RUB  60.050
DekaBank Deutsc   8.100  8/26/2022   EUR  49.650
JP Morgan Struc  11.000 12/30/2026   ZMW #N/A N/A
COFIDUR SA        0.100 12/31/2024   EUR  25.050
Trans-Sped Logi   2.500  3/16/2030   HUF  66.755
DZ Bank AG Deut   0.600  2/19/2036   EUR  74.342
Turkiye Ihracat  12.540  9/14/2028   TRY  39.906
Single Platform   1.150  5/25/2066   EUR  53.018
Single Platform   0.745  2/15/2047   EUR  56.061
Autonomous Comm   1.138 11/22/2052   EUR  57.380
State of Bremen   0.500  05/06/2041  EUR  70.261
Caisse Francais   1.093 10/14/2051   EUR  72.338
Muenchener Hypo   0.550  2/18/2046   CHF  53.546
Norske Skogindu   7.125 10/15/2033   USD   0.010
Ville de Paris    0.650 11/25/2070   EUR  43.694
TBI Bank EAD      5.250  7/30/2031   EUR  56.808
Russian Foreign   4.375  3/21/2029   USD  18.989
Credit Suisse A   4.710  8/24/2022   USD #N/A N/A
Russian Railway   7.850  07/10/2028  RUB  75.090
Communaute Fran   1.040  7/19/2101   EUR  52.392
Akademiska Hus    2.305  5/16/2040   SEK  76.057
Banca dell Elba   4.890 12/16/2032   EUR  72.717
Romanian Govern   4.000  2/14/2051   USD  67.436
Unibail-Rodamco   2.000  12/05/2033  EUR  72.083
UBS AG/London     0.120  5/25/2040   MXN  13.066
Svensk Exportkr   0.500  6/20/2029   AUD  74.531
Willhem AB        1.824 10/18/2038   SEK  63.033
Royal Schiphol    2.890 10/25/2034   AUD  72.997
Bank Severnyy M  12.000              RUB  75.000
Landesbank Hess   0.900 11/20/2035   EUR  73.000
Societe General   8.500 10/28/2022   EUR  68.850
Barclays Bank P  10.200  2/16/2023   USD  41.800
KESZ Holding Bu   4.100 11/17/2031   HUF  75.155
Nordea Bank Abp   4.000  1/20/2029   SEK  67.340
Department of L   0.959 11/25/2037   EUR  76.801
Banque Federati   2.460  06/07/2032  AUD  76.237
Republic of Bel   7.625  6/29/2027   USD  14.071
Credit Suisse A   0.875  5/21/2031   EUR  75.776
Banque Internat   1.000  2/18/2036   EUR  74.655
SCF Capital Des   5.375  6/16/2023   USD  20.000
DNB Boligkredit   0.980  6/20/2044   EUR  70.641
Landesbank Hess   1.340  06/04/2042  EUR  68.758
Autonomous Comm   1.250 10/31/2040   EUR  72.713
La Veggia Finan   7.125 11/14/2004   EUR   0.287
Single Platform   1.800  7/25/2053   EUR  74.649
BPCE SA           2.315 11/19/2035   AUD  64.051
Caisse des Depo   0.945  5/19/2051   EUR  68.404
State of Lower    0.460  10/08/2049  EUR  58.844
Romania Governm   4.750  10/11/2034  RON  69.945
Romanian Govern   1.375  12/02/2029  EUR  72.882
Republic of Ire   1.230  6/23/2121   EUR  53.871
Banque Internat   1.300  1/15/2041   EUR  72.046
Ukraine Governm   9.700  06/02/2032  UAH  43.267
Commerzbank AG    2.350  2/24/2042   EUR  73.686
Cooperatieve Ra   0.500  1/31/2033   MXN  35.065
Hungary Governm   4.000  4/28/2051   HUF  55.972
Kommunekredit     2.180  7/16/2040   AUD  69.308
Communaute Fran   1.600  6/22/2047   EUR  75.526
Caisse Francais   0.865  2/17/2042   EUR  75.520
Hellas Telecomm   6.054  1/15/2015   USD   0.001
DNB Boligkredit   1.080  5/16/2039   EUR  76.939
Landesbank Hess   1.000  03/06/2035  EUR  73.650
GVC George's Ve   2.500 12/18/2030   HUF  70.375
Credit Suisse A  24.000  1/16/2024   USD  46.100
Russian Railway  18.830  5/20/2044   RUB  55.010
Futureal Develo   3.500 11/16/2036   HUF  74.000
JP Morgan Struc  12.000  8/28/2026   ZMW #N/A N/A
Skandinaviska E   7.000  1/15/2024   SEK  72.380
Kreditanstalt f   1.027 10/26/2050   EUR  72.373
Region of Centr   0.924  11/02/2043  EUR  70.292
Nederlandse Wat   0.190  11/02/2050  EUR  57.940
Raiffeisen Bank   0.290  11/11/2030  EUR  76.622
Region de Bruxe   0.540  9/13/2044   EUR  62.171
Deutsche Bank A   1.750  04/09/2035  EUR  68.486
Kingdom of Belg   0.558  9/24/2077   EUR  41.045
Region Auvergne   0.805  7/26/2039   EUR  72.330
Caisse Francais   0.510 11/19/2040   EUR  69.548
Rena GmbH         8.250  07/11/2018  EUR   2.096
Ukraine Governm   3.700 12/22/2022   USD  69.540
BNP Paribas SA    2.670  3/13/2030   AUD  76.412
UBS AG/London     1.860  2/28/2049   EUR  74.777
Erste Group Ban   1.065  5/17/2041   EUR  65.781
Santander Inter   1.192  12/07/2045  EUR  64.955
Erste Group Ban   1.170  1/28/2037   EUR  73.115
Region Wallonne   1.135  10/10/2069  EUR  53.347
Berlin Hyp AG     0.625  6/30/2031   EUR  76.209
Single Platform   0.932  6/15/2039   EUR  68.348
getgoods.de AG    7.750  10/02/2017  EUR   0.527
BPCE SA           2.550  06/09/2035  AUD  66.956
Assistance Publ   1.099  04/06/2071  EUR  52.542
Single Platform   1.340  6/20/2041   EUR  74.436
Centre Hospital   0.800  6/28/2041   EUR  69.998
Santander Inter   1.365  1/28/2061   EUR  58.102
Turkey Governme  10.600  02/11/2026  TRY  72.400
Ukraine Governm  10.000  8/23/2023   UAH  74.941
Kreditanstalt f   0.730  1/21/2050   EUR  70.958
Parnassia Groep   1.470  12/03/2046  EUR  66.803
Kreditanstalt f   0.613  06/10/2040  EUR  69.220
Vasakronan AB     2.084  8/26/2030   AUD  75.838
Takarek Mortgag   3.000  1/28/2036   HUF  50.900
SG Issuer SA      7.500  1/20/2025   SEK  28.690
Russian Railway  18.830 11/29/2028   RUB  60.010
Russian Railway  18.830  06/08/2028  RUB  55.010
Banque Internat  15.000  01/05/2023  EUR  44.670
Leonteq Securit   8.380  7/20/2022   CHF  31.690
Wingholding Zrt   3.000  9/22/2031   HUF  56.950
Landesbank Hess   0.975  9/17/2036   EUR  72.500
Credit Suisse A  12.250  10/05/2026  USD  73.500
MET Hungary Sol   3.800  12/02/2031  HUF  67.100
Landesbank Bade   2.410  8/26/2022   EUR  66.330
Landesbank Hess   1.000  3/13/2035   EUR  75.000
Basque Governme   1.750  4/22/2050   EUR  70.684
Landesbank Hess   0.620  4/18/2036   EUR  72.361
Intelsat Jackso   9.750  7/15/2025   USD  42.125
Russian Agricul   8.500 10/16/2023   USD   9.659
Romania Governm   2.500 10/25/2027   RON  74.302
Republic of Pol   0.250 10/25/2026   PLN  74.642
Landesbank Hess   1.050 11/17/2060   EUR  67.322
Single Platform   0.780  2/15/2040   EUR  64.453
Bilt Paper BV    10.360              USD   1.704
Land Baden-Wuer   0.375  7/20/2048   EUR  61.676
Ukraine Governm   3.700  5/25/2023   USD  56.915
New World Resou   4.000  10/07/2020  EUR   0.234
Elia Transmissi   1.560  1/30/2044   EUR  72.674
Metropole de Ly   0.540  12/07/2050  EUR  56.020
Romanian Govern   2.000  1/28/2032   EUR  68.978
Region Nouvelle   0.630 11/22/2039   EUR  70.134
Single Platform   0.656  9/20/2050   EUR  51.561
Autonomous Comm   1.744  07/01/2061  EUR  61.640
Kreditanstalt f   1.267  3/22/2051   EUR  77.521
Ville de Paris    0.963  06/08/2050  EUR  65.439
Erdoel-Lagerges   1.200  06/04/2043  EUR  77.535
Dyadya Doner OO  13.500  4/25/2023   RUB  16.990
Credit Suisse A   4.450  6/28/2023   USD   9.210
Credit Suisse A   5.800  7/26/2023   USD   9.290
Credit Agricole   3.270  10/05/2041  AUD  60.526
Bausparkasse Wu   0.485  6/25/2040   EUR  68.030
Societe Nationa   3.190  4/19/2041   AUD  75.908
Norddeutsche La   1.390  07/09/2038  EUR  70.051
NRW Bank          1.000  2/26/2050   EUR  74.873
French Republic   0.750  5/25/2053   EUR  62.274
Landesbank Bade   0.710  05/12/2036  EUR  65.262
Ukraine Governm  15.500  09/11/2024  UAH  77.280
Credit Suisse A   0.500  01/08/2026  BRL  66.005
Parnassia Groep   1.430  12/01/2043  EUR  67.582
Region Auvergne   0.493 10/23/2037   EUR  71.261
Region Wallonne   1.220  06/12/2050  EUR  66.202
A-TEC Industrie   5.750  11/02/2010  EUR   0.100
Befimmo SA        2.050  09/04/2035  EUR  72.360
Region de Bruxe   0.640  7/20/2045   EUR  61.945
Raiffeisen Schw   8.400  8/23/2023   CHF  59.690
MOL Hungarian O   1.900  04/12/2031  HUF  54.200
Landesbank Hess   1.000  1/21/2036   EUR  70.600
Dr Wiesent Sozi   7.000              EUR   0.003
Societe General   5.750  9/23/2022   EUR  72.210
Credit Suisse A  13.700  9/25/2023   USD  29.020
Nordea Bank Abp   3.050  7/20/2027   SEK  74.570
Goldman Sachs I   0.070  1/13/2025   EUR  59.950
Credit Bank of    4.000  7/15/2022   RUB  96.160
Bank Julius Bae   8.000  10/07/2022  USD  56.650
Specialfastighe   1.280  9/20/2049   SEK  53.665
Regie Autonome    0.953  5/24/2052   EUR  65.811
Region Wallonne   1.550  4/28/2120   EUR  56.343
Credit Agricole   3.450  03/04/2041  AUD  59.358
Grand City Prop   2.500  6/27/2039   EUR  65.312
Thomas Cook Fin   3.875  7/15/2023   EUR   0.868
Cooperatieve Ra   1.850  3/29/2049   EUR  74.273
Caisse des Depo   0.950  2/17/2051   EUR  69.956
Nomura Bank Int   1.138 12/19/2039   EUR  65.915
BASF SE           1.025  8/13/2048   JPY  72.467
Region de Bruxe   1.528  04/05/2049  EUR  73.841
ING Bank NV       2.250  2/26/2036   USD  74.666
Barclays Bank P   1.072 12/30/2030   USD  71.358
Region Wallonne   1.250  4/30/2055   EUR  58.564
Landesbank Saar   0.890  09/04/2034  EUR  75.825
Region Occitani   1.339  3/21/2042   EUR  77.367
Societe General   1.100  2/20/2034   EUR  69.952
Caisse des Depo   0.913 11/20/2050   EUR  70.480
Heta Asset Reso   0.429 12/31/2023   EUR   4.007
Single Platform   0.931  2/15/2040   EUR  66.415
Societe Nationa   1.400  5/18/2120   EUR  47.204
Norske Skogindu   7.125 10/15/2033   USD   0.010
Kreditanstalt f   1.201  9/13/2051   EUR  72.763
Single Platform   1.600  2/15/2041   EUR  74.108
Landesbank Saar   0.720  6/29/2035   EUR  72.486
Eurohold Bulgar   8.000 12/29/2026   EUR  67.728
Republic of Ire   1.020  09/10/2086  EUR  56.661
Single Platform   1.233  6/25/2044   EUR  72.442
UBS AG/London     1.600  4/18/2049   EUR  70.342
Landesbank Bade   1.000  3/18/2039   EUR  63.706
Getin Noble Ban  10.020  04/04/2024  PLN  35.010
Bank Julius Bae  29.500  6/27/2022   CHF  30.450
Single Platform   1.240  5/25/2052   EUR  61.425
Grenke Finance    0.819  2/15/2030   EUR  66.546
Grand City Prop   2.600  2/25/2034   EUR  73.865
NTRP Via Interp  10.250  08/02/2017  USD  27.500
Batigere Grand    2.030  5/29/2070   EUR  62.864
Grand Delta Hab   1.820  3/18/2050   EUR  55.326
Agrokor dd Via    4.921  08/08/2017  EUR  14.625
Batigere Grand    1.800  08/12/2050  EUR  52.762
Canton of St Ga   0.200 11/28/2041   CHF  69.107
Parnassia Groep   1.470  12/01/2045  EUR  67.214
Lehman Brothers   2.234  11/02/2035  EUR   0.100
EFG Internation   8.000  9/26/2022   USD  58.580
VTB Bank PJSC     3.750              EUR  60.000
Leonteq Securit  10.400  9/28/2022   CHF  57.830
DekaBank Deutsc   5.970  02/09/2023  EUR  57.890
Pharmacy Chain   14.000  06/04/2030  RUB  61.200
Societe General   4.000 11/22/2022   USD  51.140
Forras Vagyonke   3.250  10/01/2030  HUF  68.155
Societe General   2.000  2/26/2033   USD  76.260
Ukraine Governm   3.700  4/27/2023   USD  59.533
Single Platform   1.100  6/25/2044   EUR  64.855
Vasakronan AB     1.655  09/05/2039  SEK  62.175
Department of L   0.478 10/30/2040   EUR  66.188
Regie Autonome    0.640  8/13/2041   EUR  69.724
DZ HYP AG         0.300  8/21/2035   EUR  73.687
Deutsche Apothe   1.715  2/13/2037   EUR  75.675
Magyar Export-I   2.000 10/27/2027   HUF  71.326
Land Thueringen   1.100  07/03/2047  EUR  76.169
Deutsche Pfandb   1.340 10/16/2051   EUR  75.113
Credit Agricole   2.800  2/23/2041   AUD  72.595
Natixis SA        3.000  8/28/2049   AUD  67.217
Sveriges Sakers   0.649  9/18/2032   SEK  73.658
ABN AMRO Bank N   1.070  03/03/2041  EUR  77.244
Nomura Bank Int   1.175  07/08/2033  EUR  75.107
Nederlandse Wat   1.551 11/24/2061   EUR  75.309
City of Gothenb   1.990  2/20/2045   SEK  72.738
Credit Agricole   0.310  2/24/2033   EUR  72.840
Single Platform   1.103  5/25/2052   EUR  59.514
NIBC Bank NV      0.410  1/27/2031   EUR  70.438
Region de Bruxe   0.650  2/15/2061   EUR  48.692
Landesbank Bade   0.400  07/02/2031  EUR  74.382
Berlin Hyp AG     1.157  12/09/2039  EUR  61.813
Kreditanstalt f   0.683  2/22/2051   EUR  69.109
National Grid E   2.020  03/12/2032  AUD  74.402
Privatbank CJSC  10.875  2/28/2018   USD   3.630
Brown's Pharma    3.900  07/09/2031  EUR  72.091
BPCE SA           2.255  03/12/2040  AUD  57.609
Ministeries Van   1.874  3/28/2058   EUR  76.451
Region de Bruxe   0.556 12/23/2064   EUR  43.385
Single Platform   0.950  7/25/2047   EUR  60.730
Caisse des Depo   1.460  1/24/2052   EUR  74.756
Landesbank Hess   1.580 12/16/2036   EUR  75.200
Vajda-Papir Gya   3.500  5/17/2031   HUF  71.600
Kreditanstalt f   0.816 12/19/2050   EUR  69.345
Metropole de Ly   0.376 12/22/2044   EUR  60.414
Erste Group Ban   1.010  10/07/2041  EUR  64.379
Region Nouvelle   0.777  05/12/2041  EUR  70.304
ING Groep NV      0.975  2/14/2034   EUR  68.817
Region Auvergne   0.543  9/28/2036   EUR  75.832
Bayerische Land   0.710  12/01/2031  EUR  80.337
Turkey Governme  11.000  2/24/2027   TRY  74.000
Standard Charte   2.140  1/29/2036   USD  73.729
Norske Skogindu   7.000 12/30/2026   EUR   0.010
Parnassia Groep   1.260  12/03/2046  EUR  76.351
Kuntarahoitus O   0.500  7/30/2029   AUD  74.932
Nordea Hypotek    0.793 10/22/2032   SEK  74.146
Batigere Grand    1.500 12/15/2051   EUR  48.600
AutoWallis Nyrt   3.000  4/15/2030   HUF  66.395
Leonteq Securit  10.000 10/19/2022   CHF  39.360
Polyplast OAO/M   9.500  4/18/2023   RUB  89.010
Alno AG           8.000  3/21/2019   EUR  14.510
MOL Nyrt Kueloe   4.950  1/26/2032   HUF  74.140
Landesbank Hess   1.500  1/13/2037   EUR  74.150
Credit Suisse A  20.650  9/23/2022   USD  46.500
BNP Paribas Iss   5.750  7/20/2024   SEK  64.880
Hell Energy Mag   3.000  7/28/2031   HUF  65.400
Befimmo SA        1.269  2/24/2031   EUR  75.924
United Utilitie   1.474  8/24/2031   USD  75.097
Muenchener Hypo   1.000  6/30/2037   EUR  67.632
Portugal Teleco   5.242  11/06/2017  EUR   0.694
Land Thueringen   1.127  04/02/2049  EUR  75.495
Akademiska Hus    0.850  2/17/2033   SEK  71.899
Cie DU Chemin d   0.280 11/29/2052   CHF  42.773
Landeskreditban   0.700  03/11/2041  EUR  71.567
LFA Foerderbank   0.160  01/02/2040  EUR  67.335
Kuntarahoitus O   0.448  3/19/2040   EUR  68.312
CDC Habitat SEM   0.814  2/15/2040   EUR  54.213
Communaute Fran   1.120  7/19/2038   EUR  74.149
Republic of Pol   1.250 10/25/2030   PLN  65.014
Landesbank Bade   0.520  03/06/2034  EUR  67.935
SNCF Reseau       2.490  06/12/2047  SEK  75.081
Engie SA          2.750 11/20/2045   EUR  75.285
Proximus SADP     1.500  5/14/2040   EUR  75.852
Region de Bruxe   0.690  6/22/2050   EUR  57.823
Credit Bank of    7.121  6/25/2024   USD  23.296
BNP Paribas SA    2.840  8/26/2039   AUD  64.230
NRW Bank          0.600  1/28/2051   EUR  65.877
State of Saarla   1.108  5/18/2046   EUR  76.324
State of North    2.000  4/16/2038   SEK  75.447
Landesbank Saar   0.710  12/06/2035  EUR  71.683
UniCredit SpA     2.360  1/26/2035   EUR  75.745
Leonteq Securit  24.020  6/29/2022   CHF  25.030
Raiffeisen Schw   5.000  8/24/2022   CHF  65.930
Societe General   8.000  5/28/2027   USD  32.550
Danske Bank A/S   5.300  7/15/2023   SEK  40.260
Landesbank Bade   2.800 12/23/2022   EUR  45.880
UBS AG/London     8.750 10/28/2022   CHF  70.450
Landesbank Hess   1.000  7/15/2060   EUR  65.633
Wirtschafts- un   0.250  09/08/2037  EUR  71.092
Communaute Fran   1.010  7/19/2051   EUR  60.651
Ukraine Governm   8.120  11/10/2035  UAH  34.509
Kuntarahoitus O   1.200  7/21/2061   EUR  69.838
Cooperatieve Ra   1.099  6/28/2051   EUR  72.579
Svensk Exportkr   0.500  4/24/2029   AUD  75.087
Bibby Offshore    7.500  6/15/2021   GBP  11.625
Landesbank Hess   1.650  5/27/2030   EUR   1.531
Region de Bruxe   1.144  1/14/2056   EUR  62.203
Ville de Paris    0.963  12/06/2051  EUR  64.169
Batigere Grand    1.600 11/14/2044   EUR  53.212
Stichting Afwik   2.275              EUR   0.622
Societe General   0.831 11/25/2031   EUR  75.569
Dr Max Funding    5.050  6/23/2028   EUR  65.770
State of Saxony   1.223  05/04/2046  EUR  78.005
Communaute Fran   0.800  8/24/2049   EUR  62.468
UBS AG/London     9.750  3/17/2023   CHF  55.150
Raiffeisen Schw   6.000  09/02/2022  CHF  73.080
WEB Windenergie   5.250  04/08/2023  EUR   0.010
Gazprom PJSC     17.690 10/21/2043   RUB  70.000
JP Morgan Struc  12.000  01/04/2027  ZMW #N/A N/A
Luzerner Kanton   8.400 12/27/2022   USD  73.000
Landesbank Hess   1.000  08/06/2035  EUR  75.000
Landesbank Hess   1.000  8/19/2036   EUR  72.250
Barclays Bank P   0.433  3/14/2023   USD   8.030
SG Issuer SA      8.410  1/20/2027   SEK  33.460
Societe General  16.000  07/03/2024  USD  26.600
Erste Group Ban   6.500  6/30/2022   EUR  52.000
EFG Internation  10.000  12/07/2022  USD  74.810
Alfa-Bank AO     10.200  02/10/2025  RUB  68.000
Societe General  10.000  6/28/2034   USD  73.250
Skandinaviska E  10.150  1/15/2025   SEK  45.410
SecurAsset SA     5.250  6/30/2022   EUR  34.550
UBS AG/London    17.400  4/14/2027   SEK  57.440
Textura Kereske   5.500  2/28/2032   HUF  70.250
Credit Agricole   1.920 10/16/2032   USD  75.100
Single Platform   1.610  2/15/2043   EUR  77.397
Ukraine Governm  12.700 10/30/2024   UAH  72.030
NatWest Markets   1.250  12/04/2034  EUR  72.724
HSBC Continenta   2.025  3/19/2049   EUR  75.400
DekaBank Deutsc   1.300  4/23/2035   EUR  72.930
Krakowski Bank    8.020  9/20/2023   PLN  77.500
Thames Water Ut   2.442  05/12/2050  GBP  65.953
ABN AMRO Bank N   0.450  12/12/2036  EUR  74.194
Single Platform   1.842  2/15/2044   EUR  76.230
National Grid E   2.710  10/04/2034  AUD  76.885
Kuntarahoitus O   1.155 11/19/2060   EUR  70.935
Landesbank Saar   0.760  05/08/2034  EUR  75.174
Department of B   0.810 12/16/2041   EUR  69.740
Assistance Publ   0.490  9/30/2040   EUR  66.548
Region de Bruxe   1.040  05/03/2061  EUR  57.814
Nederlandse Wat   1.000 11/24/2050   EUR  73.239
Ukraine Governm  11.780  5/27/2026   UAH  61.822
Landesbank Bade   1.100  05/07/2040  EUR  68.527
Region Bourgogn   0.397  12/03/2045  EUR  59.657
BNP Paribas SA    1.400  06/04/2041  EUR  68.793
Ukraine Governm   9.790  5/26/2027   UAH  81.145
Getin Noble Ban   8.040  8/30/2024   PLN  49.875
Natixis SA        3.600 11/16/2041   AUD  75.864
Societe Du Gran   1.955  4/16/2069   EUR  75.174
Credit Bank of    0.100  02/12/2023  RUB  89.330
Deutsche Bank A   1.560  6/18/2031   EUR  74.430
Skandinaviska E  10.400  1/15/2024   SEK  73.030
Societe General   1.950 10/22/2031   USD  74.416
Ukraine Governm   9.990  5/22/2024   UAH  65.912
Kreditanstalt f   1.175  4/14/2051   EUR  76.294
Commerzbank AG    2.565  5/15/2043   EUR  72.681
Ville de Paris    0.373 12/21/2044   EUR  61.494
Region Provence   0.709  6/29/2040   EUR  71.997
UniCredit Bank    0.030  2/28/2033   EUR  76.676
Ukraine Governm   9.990  8/27/2031   UAH  45.154
Single Platform   1.440  7/18/2042   EUR  69.848
Muenchener Hypo   0.867  2/25/2047   EUR  72.939
ING Bank NV       0.465  4/21/2041   EUR  70.328
ING Bank NV       0.335  4/21/2036   EUR  74.748
Societe General   3.100  4/22/2036   AUD  67.547
Societe Nationa   2.910  1/27/2051   AUD  69.212
National Treasu   1.560  2/16/2122   EUR  70.372
Lehman Brothers   2.875  3/14/2013   CHF   0.100
ING Bank NV       2.830  9/28/2051   USD  69.522
Rio Forte Inves   4.750  11/10/2015  EUR   3.326
Kuntarahoitus O   0.854  1/14/2060   EUR  66.327
Societe General  17.604  8/24/2023   USD #N/A N/A
RENE LEZARD Mod   7.250 11/25/2017   EUR   0.120
Mifa Mitteldeut   7.500  08/12/2018  EUR   2.411
Credit Bank of    0.010  9/18/2023   RUB  84.450
Leonteq Securit  10.000 12/13/2022   USD  45.450
Credit Suisse A  20.000 12/21/2022   USD  50.900
Societe General  11.750  9/18/2024   USD  40.430
Zurcher Kantona   4.800  12/08/2023  CHF  71.090
Erste Group Ban   5.500  6/30/2025   EUR  67.550
Resa SA/Belgium   1.950  7/22/2036   EUR  50.010
Kalita OOO       13.000  8/18/2024   RUB   6.350
Societe General   8.200  06/08/2023  USD  43.750
Kometa 99 Elelm   5.000  2/21/2032   HUF  72.600
Ville de Paris    0.831  2/23/2056   EUR  57.153
Nederlandse Wat   0.230 10/22/2035   EUR  74.812
NRW Bank          0.612 10/21/2050   EUR  65.854
Agence France L   0.210 12/20/2035   EUR  74.500
Royal Schiphol    3.090  07/01/2034  AUD  74.750
SNCF Reseau       2.455  6/22/2047   SEK  74.510
Gemeente Bergen   0.440  9/20/2044   EUR  67.011
Wirtschafts- un   0.500  8/28/2046   EUR  64.463
Region Auvergne   0.645  04/09/2040  EUR  69.313
Banque et Caiss   1.000  01/04/2042  EUR  75.841
Republic of Ire   1.320 11/28/2119   EUR  47.714
Kreditanstalt f   1.030  12/06/2049  EUR  74.487
Nederlandse Wat   0.955  2/13/2051   EUR  69.609
SAir Group        0.125  07/07/2005  CHF  12.625
Republic of Ire   1.180  5/25/2087   EUR  61.787
Region de Bruxe   1.286 12/17/2046   EUR  72.102
Region de Bruxe   1.100  5/25/2051   EUR  65.436
SAG Solarstrom    6.250 12/14/2015   EUR  31.000
Regie Autonome    0.938  5/25/2050   EUR  62.547
French Republic   0.500  5/25/2072   EUR  43.669
Eika Boligkredi   0.560 11/29/2039   EUR  68.949
Raiffeisenlande   1.174  07/11/2034  EUR  75.342
Republic of Ire   1.210 10/27/2111   EUR  53.132
Single Platform   0.428  2/15/2040   EUR  60.758
Landeskreditban   1.017  3/15/2061   EUR  68.421
Communaute Fran   1.340  07/01/2054  EUR  70.491
Saechsische Auf   0.300  2/18/2042   EUR  66.475
Hypo Tirol Bank   1.090  1/21/2041   EUR  64.240
DZ Bank AG Deut   0.530  7/26/2033   EUR  75.230
Rusal Capital D   5.300  05/03/2023  USD  30.000
Nederlandse Wat   1.370  3/23/2065   EUR  72.486
Credit Industri   0.900  02/04/2041  EUR  52.203
Communaute Fran   1.700  4/15/2049   EUR  75.070
Dolphin Drillin   4.490  8/28/2019   NOK   0.644
Republic of Ire   1.230  5/29/2120   EUR  54.596
Ville de Marsei   1.079 11/19/2046   EUR  70.094
Grand Delta Hab   1.500  06/02/2045  EUR  53.271
Spain Governmen   1.000  7/30/2042   EUR  70.647
EDOB Abwicklung   7.500  04/01/2012  EUR   1.388
Wirtschafts- un   0.170  12/09/2041  EUR  64.145
Barclays Bank P   1.382 11/27/2045   EUR  73.104
Mox Telecom AG    7.250  11/02/2017  EUR   2.270
Cooperatieve Ra   0.500 11/30/2027   MXN  58.633
Landshypotek Ba   1.815  2/25/2041   SEK  75.763
Aareal Bank AG    0.380  9/16/2031   EUR  67.581
Communaute Fran   1.367  1/20/2070   EUR  64.595
VTB Bank PJSC     0.010  12/09/2025  RUB  55.580
UBS AG/London    14.000  07/07/2022  USD  48.000
OR PJSC          11.000 12/29/2024   RUB   9.120
DZ Bank AG Deut   0.097  10/11/2050  EUR  74.800
OR PJSC          12.000  9/22/2022   RUB  36.190
Credit Bank of    0.010  11/12/2023  RUB  60.080
Hypo Vorarlberg   0.400 12/22/2031   EUR  74.519
Kuntarahoitus O   0.875 11/14/2034   SEK  76.037
Department of L   0.790 11/22/2039   EUR  71.714
Metropole de Ly   0.500 12/28/2049   EUR  56.564
Single Platform   0.800 12/20/2040   EUR  65.028
Hemso Fastighet   2.680  07/10/2035  AUD  71.817
Credit Agricole   1.190  2/26/2040   EUR  68.365
Ukraine Governm   9.980  04/10/2030  UAH  47.168
Specialfastighe   1.120  2/19/2044   SEK  56.367
Credit Agricole   1.000  4/26/2036   EUR  72.702
Deutsche Bank A   2.348  8/15/2034   EUR  75.059
Autonomous Comm   1.255 10/31/2048   EUR  64.407
Muenchener Hypo   0.420  12/10/2035  EUR  67.417
LSF9 Balta Issu   3.000 12/31/2030   EUR  57.234
Skandinaviska E   8.600  7/17/2023   SEK  57.600
AutoWallis Nyrt   3.000  7/27/2031   HUF  59.300
Leonteq Securit   8.000  09/05/2022  CHF  57.270
Main Road JSC     6.900 10/30/2029   RUB  90.500
Credit Suisse A   5.200 12/28/2022   USD   9.260
Erste Group Ban   5.000  10/01/2022  EUR  75.250
OR PJSC          16.000 11/26/2025   RUB  27.470
Bank Julius Bae   8.400  11/02/2022  CHF  74.750
OR PJSC          16.000 11/22/2025   RUB  20.660
Credit Suisse A  14.250  07/04/2022  CHF  56.300
OR PJSC          12.600  9/28/2025   RUB  11.000
Bank Vontobel A  22.300  08/02/2022  CHF  28.000
Leonteq Securit  20.070  07/11/2022  USD  57.380
OR PJSC          12.000 11/14/2024   RUB   9.000
Hamburgische In   0.380  2/24/2042   EUR  67.023
Single Platform   0.776  1/23/2051   EUR  53.653
BPCE SFH SA       1.229  04/12/2049  EUR  75.610
Department of L   1.110  6/18/2039   EUR  76.496
Slovenia Govern   0.488 10/20/2050   EUR  55.012
Vasakronan AB     2.162  05/04/2040  SEK  67.027
Vasakronan AB     1.700  6/28/2044   EUR  72.143
DZ Bank AG Deut   0.740  11/02/2035  EUR  76.000
Bayerische Land   1.600  7/21/2036   EUR  82.801
Veneto Banca Sp   6.950  2/25/2025   EUR   0.152
Italy Buoni Pol   0.150  5/15/2051   EUR  67.038
KPNQwest NV       7.125  06/01/2009  EUR   0.453
Societe General   2.630  03/02/2036  USD  70.270
Kreditanstalt f   0.210 11/18/2037   EUR  69.504
DZ Bank AG Deut   0.660 11/23/2035   EUR  75.096
Muenchener Hypo   0.490  9/17/2032   EUR  75.915
Credit Agricole   2.000 11/23/2032   USD  75.483
Muenchener Hypo   1.000  05/07/2035  EUR  74.392
Credit Agricole   2.480  03/04/2036  USD  72.634
Bayerische Land   0.030 10/22/2035   EUR  72.897
Barclays Bank P   1.072 12/30/2030   USD  59.266
Region de Bruxe   0.845  9/30/2059   EUR  52.343
Landesbank Saar   0.670  03/10/2034  EUR  74.582
BNG Bank NV       1.040 11/28/2047   EUR  75.363
Specialfastighe   1.180  12/02/2044  SEK  57.193
Communaute Fran   0.782  02/08/2061  EUR  49.790
Landesbank Bade   0.395  1/29/2031   EUR  75.639
Region de Bruxe   0.658  01/07/2041  EUR  68.296
Societe Du Gran   2.062  3/19/2070   EUR  79.994
NRW Bank          1.400  3/19/2070   EUR  72.540
Lehman Brothers   6.000  6/21/2011   EUR   0.100
Air Berlin Fina   6.000  03/06/2019  EUR   0.451
Republic of Ire   1.250  10/08/2121  EUR  58.435
Aareal Bank AG    0.625  9/16/2030   EUR  72.308
Credit Agricole   1.300  02/02/2061  EUR  56.872
IT Holding Fina   9.875 11/15/2012   EUR   0.015
Landesbank Saar   0.680  3/29/2034   EUR  74.595
Agence Francais   2.114  09/08/2034  AUD  72.692
DZ Bank AG Deut   0.640  12/07/2035  EUR  74.850
Ukraine Governm   6.000  1/14/2026   UAH  51.010
Ukraine Governm   3.900  10/05/2023  USD  41.652
Region de Bruxe   1.225  6/21/2070   EUR  57.165
Credit Suisse A   1.000  9/24/2035   EUR  67.084
Ministeries Van   1.053  06/03/2050  EUR  61.338
Agrokor dd        8.875  02/01/2020  USD  15.000
Aareal Bank AG    1.068  2/18/2050   EUR  71.168
Hemso Fastighet   2.615 11/30/2043   EUR  69.312
Kuntarahoitus O   0.500  05/08/2029  AUD  75.305
BNG Bank NV       1.980  4/19/2040   SEK  74.621
DZ Bank AG Deut   0.600  12/04/2035  EUR  74.753
Greenleaves Cap   2.665  9/25/2031   AUD  76.864
Single Platform   0.901  2/15/2041   EUR  65.693
Kreditanstalt f   0.689  6/18/2040   EUR  74.947
Bank Vontobel A   9.504  6/30/2022   CHF  31.500
Credit Suisse A   5.880  6/28/2023   USD   9.100
Skandinaviska E   7.600  1/15/2024   SEK  62.610
I-Teco AO        14.500  9/22/2022   RUB  61.000
SG Issuer SA      6.130  1/20/2024   SEK  59.030
Landesbank Bade   2.910  7/22/2022   EUR  56.710
EFG Internation   7.500  7/26/2022   USD  34.260
Raiffeisen Schw  14.000  7/19/2022   USD  63.170
Skandinaviska E   9.500  7/17/2023   SEK  58.460
Credit Agricole   2.280  1/19/2036   USD  70.936
NRW Bank          1.235 12/16/2061   EUR  69.362
Natixis SA        3.000 10/18/2051   USD  69.656
Credit Agricole  10.320  7/22/2026   TRY  40.986
Ukraine Governm   9.000  7/17/2030   UAH  43.526
Republic of Aus   0.100  07/10/2040  EUR  67.642
Muenchener Hypo   0.805  4/16/2036   EUR  67.967
Ukraine Governm   8.750  11/10/2032  UAH  39.356
Vacse AB          2.067  4/20/2034   SEK  75.450
Credit Agricole   3.610  4/20/2036   AUD  69.425
Societe General   2.000  1/30/2036   USD  64.914
Single Platform   1.220  04/01/2039  EUR  70.993
Lehman Brothers  11.000 12/20/2017   AUD   0.100
SBAB Bank AB      0.928  11/07/2034  SEK  70.829
Region de Bruxe   0.500  6/22/2040   EUR  68.079
Societe General   2.970  4/15/2036   USD  73.213
Lehman Brothers   6.250  09/05/2011  EUR   0.100
NRW Bank          1.022 12/23/2041   EUR  77.322
NRW Bank          1.048  10/11/2041  EUR  76.643
Communaute Fran   1.380  11/07/2046  EUR  71.504
Region de Bruxe   0.750  6/24/2042   EUR  68.544
Kreditanstalt f   0.250  10/06/2036  CAD  49.719
LBI ehf           6.100  8/25/2011   USD  10.662
Bibby Offshore    7.500  6/15/2021   GBP  11.625
SAir Group        2.750  7/30/2004   CHF  12.625
Premium Green P   0.600 10/31/2046   EUR  64.776
Region Wallonne   0.828  8/28/2048   EUR  60.646
Landesbeteiligu   1.450  6/15/2046   EUR  65.153
Luminis SA        1.800  09/02/2059  EUR  52.604
VTB Bank OJSC V   6.250  6/30/2035   USD  21.704
Credit Suisse A  14.000  3/17/2023   USD  59.370
UniCredit Bank    1.500  1/31/2040   EUR  63.340
Uniservice Capi   8.800  1/21/2029   RUB  52.000
BNP Paribas Iss   5.680  4/25/2023   EUR  62.450
Credit Suisse A   7.500  7/13/2022   CHF  54.020
Leonteq Securit  18.000  10/06/2022  CHF  42.020
Nordea Bank Abp   6.060  7/20/2023   SEK  68.120
Landesbank Hess   1.000 10/29/2035   EUR  72.700
Russian Post FG   2.750  12/06/2023  RUB  60.070
Golfino AG        8.000 11/18/2023   EUR   0.020
Bank Julius Bae  10.250  10/05/2022  USD  35.000
UniCredit Bank   10.300  9/27/2024   EUR  62.190
Credit Suisse A   7.500  10/12/2022  USD  55.930
Landesbank Bade   5.950  9/23/2022   EUR  60.160
Raiffeisen Swit   3.890  8/26/2022   CHF  66.850
Bank Vontobel A  20.000  4/17/2023   CHF  70.000
Landesbank Bade   3.940 11/25/2022   EUR  68.390
Goldman Sachs I   0.098  1/13/2025   EUR  56.550
Goldman Sachs I   0.100  1/13/2025   EUR  62.700
SG Issuer SA      2.100  12/06/2033  EUR  41.480
Landesbank Bade   9.150 10/28/2022   EUR  73.820
Credit Suisse A   7.750 12/15/2022   CHF  60.900
UBS AG/London    11.000  1/16/2023   CHF  62.100
Credit Suisse A   6.190  9/14/2022   USD   9.630
Skandinaviska E   6.350  7/15/2024   SEK  54.050
UBS AG/London    16.000  04/01/2024  USD  76.700
Wingholding Zrt   5.000  2/17/2032   HUF  77.105
Collectivite Eu   0.487  10/09/2045  EUR  61.091
Region de Bruxe   0.950  05/07/2049  EUR  63.800
WPE Internation  10.375  9/30/2020   USD   5.000
WPE Internation  10.375  9/30/2020   USD   5.000
Muenchener Hypo   0.300  09/06/2032  EUR  74.156
NRW Bank          0.800 10/22/2060   EUR  62.486
Berlin Hyp AG     0.440 10/29/2035   EUR  66.730
Irish Bank Reso   4.000  4/23/2018   EUR  33.250
Single Platform   1.425  5/25/2052   EUR  65.703
Region of Centr   0.755  11/02/2037  EUR  74.461
Nomura Bank Int   1.415  1/27/2042   EUR  67.668
SAG Solarstrom    7.500  07/10/2017  EUR  31.000
Minicentrales D   0.010  06/06/2047  EUR  66.875
Banque Internat   2.160  6/27/2039   EUR  76.714
Cie de Financem   0.975  08/11/2046  EUR  72.428
BPCE SA           2.320  03/04/2036  USD  66.030
Canton of Zuric   0.250  07/12/2039  CHF  74.064
Deutsche Apothe   1.090 12/16/2039   EUR  64.112
Region de Bruxe   1.419  6/22/2045   EUR  76.351
Waste Italia Sp  10.500 11/15/2019   EUR   0.550
Aralco Finance   10.125  05/07/2020  USD   3.010
BNP Paribas SA    1.660  03/04/2031  USD  73.172
State of North    1.513  7/27/2065   EUR  77.125
Kommunekredit     1.375  5/18/2046   SEK  71.265
Ukraine Governm  12.940  2/14/2024   UAH  75.340
Landesbank Bade   0.680  6/22/2034   EUR  69.070
Department of L   0.915 11/23/2043   EUR  69.851
Norddeutsche La   0.850  12/07/2035  EUR  69.953
ING Bank NV       2.220  1/20/2036   USD  74.523
Region of Centr   0.822  05/12/2041  EUR  70.913
Landesbank Bade   0.900 11/22/2034   EUR  69.564
Citigroup Globa   1.500  5/13/2051   EUR  65.285
Landesbank Bade   0.510  08/02/2033  EUR  69.708
KPNQwest NV       8.875  02/01/2008  EUR   0.453
Natixis SA        2.520  8/24/2036   AUD  69.385
Single Platform   1.690  7/25/2053   EUR  72.693
Barclays Bank P   2.300  8/31/2036   USD  72.197
BPCE SFH SA       0.430  05/07/2040  EUR  67.873
State of Lower    0.550 11/13/2080   EUR  38.183
Purple Protecte   1.480 11/30/2060   EUR  66.042
BNG Bank NV       0.630  07/11/2067  EUR  58.295
Kuntarahoitus O   1.449  03/01/2061  EUR  78.448
NRW Bank          1.070  03/10/2051  EUR  71.854
SNCF Reseau       2.425  6/22/2047   SEK  74.040
UkrLandFarming   10.875  3/26/2018   USD   1.358
Landesbank Bade   0.570  2/27/2034   EUR  68.431
CDC Habitat SEM   1.700  3/21/2039   EUR  66.375
Centre Hospital   1.500  4/27/2050   EUR  75.664
Wirtschafts- un   0.138  8/23/2044   EUR  60.209
International B   8.250  10/09/2024  USD  60.375
National Treasu   1.190  10/07/2101  EUR  54.237
Natixis SA        2.530  08/05/2036  AUD  69.475
Barclays Bank I   1.650  03/11/2047  EUR  71.458
Deutsche Bank A   2.330  02/11/2043  EUR  69.092
Societe General   2.300  4/20/2048   EUR  76.555
Single Platform   1.105  2/15/2041   EUR  67.320
Single Platform   1.840  7/25/2053   EUR  75.513
Bayerische Land   0.460 12/23/2030   EUR  81.216
Muenchener Hypo   1.010  08/06/2044  EUR  58.275
Landesbank Bade   0.905  04/01/2041  EUR  60.435
Communaute Fran   1.925  4/18/2059   EUR  76.084
Single Platform   2.050  09/01/2044  NOK  73.810
Espirito Santo    5.050 11/15/2025   EUR   0.324
Hemso Fastighet   2.127  4/18/2039   EUR  67.564
A-TEC Industrie   2.750  05/10/2014  EUR   0.100
Corner Banca SA   6.600  08/02/2022  CHF   0.920
Erste Group Ban   9.000  1/31/2024   EUR  44.900
SunDell Estate    3.250  11/12/2030  HUF  67.000
SG Issuer SA      8.700  1/20/2025   SEK  30.730
OR PJSC          11.500  7/28/2024   RUB  10.900
Quintet Private   6.050  5/26/2026   USD  63.960
Bank Julius Bae   8.800  8/19/2022   USD  74.400
Leonteq Securit   7.000 12/21/2022   CHF  72.870
Societe Nationa   2.503  1/14/2041   AUD  68.226
HSBC Continenta   0.900  03/02/2035  EUR  72.930
National Grid E   2.037  2/15/2039   EUR  74.457
Hungary Governm   3.000  8/21/2030   HUF  70.722
Saastopankkien    0.860  1/18/2036   EUR  74.228
BNP Paribas SA    3.170  01/07/2041  AUD  67.099
Single Platform   3.505  08/06/2046  AUD  72.889
BrokerCreditSer   2.572  12/06/2031  USD  73.213
Landesbank Bade   1.050  7/17/2034   EUR  71.316
Deutsche Bahn F   1.520  07/03/2035  SEK  76.123
Credit Agricole   5.400  1/31/2028   BRL  71.211
Deutsche Bank A   2.530  10/07/2036  USD  69.696
Ukraine Governm   6.000  9/13/2028   UAH  38.509
Societe General   2.120  01/06/2036  USD  65.746
Single Platform   0.419  2/15/2040   EUR  60.233
Deutsche Bank A   2.267  8/25/2034   EUR  74.283
Lehman Brothers  15.000  06/04/2009  CHF   0.100
DZ Bank AG Deut   1.070  10/06/2042  EUR  76.152
Tonon Luxembour   9.250  1/24/2020   USD   0.500
Santander Inter   1.150  04/08/2041  EUR  67.278
Single Platform   1.250  05/10/2044  EUR  66.291
Svensk Exportkr   0.500  6/29/2029   AUD  74.413
Communaute Fran   1.000  10/08/2069  EUR  50.303
Muenchener Hypo   0.568  6/15/2032   EUR  77.612
Kuntarahoitus O   1.000 10/25/2049   EUR  72.355
Swedbank AB       0.350  9/22/2031   EUR  76.598
Region of Centr   0.825  6/18/2040   EUR  71.444
Societe General   0.570  6/30/2031   EUR  73.216
Ville de Paris    1.293  2/22/2049   EUR  74.011
Raiffeisen Swit   7.300  1/25/2023   CHF  51.170
Credit Suisse A   8.000  6/27/2022   CHF  45.590
SG Issuer SA      9.180  1/20/2025   SEK  31.560
Corner Banca SA  16.000  10/05/2022  CHF  51.740
OR PJSC          13.500 10/22/2025   RUB  10.200
GTC Magyarorsza   2.250  12/07/2030  HUF  66.275
UBS AG/London    17.500  7/28/2022   CHF  51.000
Leonteq Securit   6.300  7/17/2023   EUR  69.150
DekaBank Deutsc   4.810 12/23/2022   EUR  49.250
Landesbank Hess   1.750 10/29/2036   EUR  76.000
Kalita OOO       13.000  9/21/2025   RUB   8.350
Landesbank Bade   4.160  7/22/2022   EUR  72.690
Leonteq Securit  26.350  08/03/2022  CHF  46.320
Societe General  16.000  07/03/2024  USD  17.600
Bayerische Land   2.100 10/28/2022   EUR  71.980
Landesbank Bade   0.500 10/18/2039   EUR  68.990
Skandinaviska E   8.500  7/15/2024   SEK  60.040
Basler Kantonal  16.000  08/05/2022  CHF  57.190
Erste Group Ban   7.250  03/03/2023  EUR  77.750
Kreditanstalt f   0.620  1/14/2050   EUR  66.982
Bayerische Land   0.700  06/12/2037  EUR  77.063
Grand Delta Hab   1.500  09/01/2047  EUR  61.401
Landesbank Hess   0.650  9/16/2036   EUR  71.700
Caisse des Depo   1.000  2/26/2051   EUR  72.421
Deutsche Apothe   0.800 12/21/2035   EUR  67.790
HSBC Bank PLC     0.500  6/23/2027   MXN  59.779
LR Realkredit A   0.500  10/01/2050  DKK  71.862
Single Platform   1.860  2/15/2041   NOK  74.012
Caisse des Depo   0.930  11/09/2050  EUR  69.920
Akademiska Hus    2.080  4/17/2045   SEK  69.710
HSBC Bank PLC     0.500 11/25/2025   BRL  65.788
Erste Group Ban   0.520  11/02/2033  EUR  71.452
Kuntarahoitus O   1.400  03/05/2061  EUR  75.470
Ville de Sion     0.355  09/12/2039  CHF  74.313
Russian Foreign   4.250  6/23/2027   USD  18.075
SAir Group        4.250  02/02/2007  CHF  12.625
Ville de Paris    0.921  5/26/2053   EUR  62.156
Single Platform   0.780  04/01/2042  EUR  61.262
Region Auvergne   1.150  04/08/2039  EUR  77.302
Societe General   3.110 10/28/2041   AUD  63.651
Santander Inter   1.700  12/12/2049  EUR  39.092
Republic of Ire   1.200  4/15/2120   EUR  47.902
Societe General   2.050  2/18/2031   AUD  69.551
Commerzbank AG    1.046 12/18/2034   EUR  74.990
Societe Wallonn   0.948 10/23/2051   EUR  58.372
NRW Bank          0.921 10/20/2041   EUR  76.266
Single Platform   2.085  1/24/2044   NOK  71.534
Espirito Santo    5.125  5/30/2016   EUR   0.528
LFA Foerderbank   0.010 12/15/2033   EUR  75.523
Caisse des Depo   2.730  03/02/2041  AUD  71.385
UBS Group AG      2.210 11/24/2035   USD  71.118
Landesbank Saar   0.540 11/18/2033   EUR  73.628
Wirtschafts- un   0.208  1/28/2043   EUR  63.343
Department of B   1.100  07/08/2039  EUR  76.305
ABN AMRO Bank N   0.500  12/12/2039  EUR  70.789
Region Provence   0.753  01/05/2037  EUR  77.582
Region de Bruxe   1.000  4/21/2051   EUR  62.205
Single Platform   1.416  2/15/2041   EUR  76.220
Centre Hospital   1.160  09/06/2039  EUR  64.089
Swedbank AB       2.070  09/09/2031  AUD  77.344
Region de Bruxe   1.541  6/22/2057   EUR  69.681
Norddeutsche La   1.310  3/23/2039   EUR  69.444
de Volksbank NV   0.831  7/19/2038   EUR  75.988
Single Platform   1.340  04/04/2042  EUR  77.615
Kuntarahoitus O   1.005  12/07/2060  EUR  66.025
Caisse des Depo   1.098  7/31/2049   EUR  75.215
Akademiska Hus    2.185 11/21/2038   SEK  76.505
Credit Agricole   1.770  4/26/2035   EUR  76.800
Region de Bruxe   1.472  4/29/2044   EUR  76.973
BPCE SA           2.285  12/03/2035  AUD  63.735
Municipality of   1.134 10/18/2066   EUR  77.017
BPCE SFH SA       0.843  7/19/2044   EUR  70.223
ACCIONA Financi   3.090  04/07/2027  PLN  76.245
Deutsche Bank A   2.825  2/25/2043   EUR  75.529
Single Platform   0.833  2/15/2041   EUR  63.588
Norddeutsche La   1.250  03/08/2034  EUR  77.846
Norddeutsche La   1.500  3/16/2037   EUR  73.532
Astana Finance    7.875  06/08/2010  EUR  16.000
Bulgaria Steel   12.000  05/04/2013  EUR   0.216
Skandinaviska E   7.800  7/15/2024   SEK  58.780
Bayerische Land   2.350  2/23/2024   EUR  70.620
Duna House Hold   3.000  09/02/2030  HUF  73.800
DZ Bank AG Deut   0.097  10/11/2050  EUR  74.800
Societe General#N/A N/A  3/29/2035   USD  74.000
Opus Global Nyr   3.200  4/29/2031   HUF  71.000
Bayerische Land   2.100  7/22/2022   EUR  71.860
Reneszansz Kofa   3.200  04/09/2031  HUF  73.000
CDC Habitat SEM   1.150  4/30/2037   EUR  64.866
Landesbank Hess   0.750  8/19/2036   EUR  68.484
Muenchener Hypo   0.047  1/15/2031   EUR  77.294
Deutsche Bank A   0.610  9/30/2031   EUR  75.286
NRW Bank          0.780  03/04/2050  EUR  69.095
Societe General   5.400 11/17/2037   USD  59.914
Region Wallonne   1.165  6/29/2059   EUR  58.722
Ville de Paris    0.395 12/18/2045   EUR  60.553
Credit Agricole  11.340  02/12/2026  TRY  44.477
Ukraine Governm   9.760  7/23/2031   UAH  44.515
Deutsche Pfandb   0.906  03/04/2050  EUR  71.292
Rio Forte Inves   3.900  07/10/2014  USD   4.210
BPCE SA           2.450  2/24/2035   AUD  66.703
Agence Metropol   0.800  07/01/2040  EUR  71.056
Caisse des Depo   1.300  4/28/2051   EUR  74.802
Ukraine Governm   6.000 12/23/2026   UAH  45.491
Agence France L   2.550  3/20/2036   AUD  73.875
Region Auvergne   0.530  9/29/2036   EUR  76.039
Region Provence   0.575  07/06/2039  EUR  71.753
Kuntarahoitus O   1.300  04/08/2061  EUR  72.600
Societe General   1.230  1/30/2035   EUR  73.708
Barclays Bank P   2.000  06/12/2029  TRY  14.701
Heta Asset Reso   0.297 12/31/2023   EUR   4.007
Kuntarahoitus O   1.150  9/24/2051   EUR  72.299
Svensk Exportkr   0.500  8/29/2029   AUD  73.846
NRW Bank          1.070 10/29/2049   EUR  75.556
Lehman Brothers   6.650  8/24/2011   AUD   0.100
Ile-de-France M   1.000  12/02/2043  EUR  73.079
Region de Bruxe   0.274  12/11/2040  EUR  64.198
Leonteq Securit   7.000  3/29/2023   CHF  66.430
Raiffeisen Cent   6.500  9/22/2023   EUR  71.800
Pannon Work Sze   3.000 10/30/2030   HUF  62.600
Bank Julius Bae   7.200  12/01/2022  CHF  74.300
Raiffeisen Schw   8.000  2/27/2023   CHF  58.630
Bank Otkritie F   0.010  2/26/2023   RUB  85.000
ENEL RUSSIA PJS   8.600 12/15/2022   RUB  61.000
SG Issuer SA      2.250 10/28/2029   EUR  74.060
WEB Windenergie   6.500              EUR   0.010
DeltaCredit Ban   1.000  5/18/2026   RUB  70.010
Societe General  10.000  5/31/2034   USD  64.400
Leonteq Securit   5.710  9/23/2022   USD  32.700
Leonteq Securit  20.000  8/16/2022   CHF  52.830
Bank Julius Bae  14.580  09/09/2022  USD  21.800
Leonteq Securit  10.000  10/12/2022  CHF  49.350
Bank Vontobel A  18.000  8/29/2022   USD  40.200
Societe General  24.000 11/14/2024   USD  51.775
Leonteq Securit   2.380  11/10/2022  EUR  35.380
Sberbank of Rus   0.010  02/01/2029  RUB  64.600
VTB Bank PJSC     0.010  06/03/2026  RUB  82.050
EFG Internation  10.320  7/19/2022   USD  49.460
Credit Suisse A  19.250  12/08/2022  CHF  44.610
DekaBank Deutsc   6.670  8/26/2022   EUR  74.210
Nordea Bank Abp  10.134  1/20/2027   SEK  66.250
VTB Bank PJSC     0.010  12/06/2024  RUB  62.500
Sberbank of Rus   0.010  2/26/2027   RUB  68.600
Zurcher Kantona  21.250  10/04/2022  CHF  53.050
Banque Internat   8.000  11/08/2023  USD  73.990
Leonteq Securit  23.200  8/30/2022   CHF  68.000
Skandinaviska E   6.500  1/15/2024   SEK  61.120
Barclays Bank P   2.730  9/27/2024   EUR  39.040
Pick Szeged Sza   2.000  12/06/2029  HUF  64.010
Bayerische Land   0.650 12/22/2023   EUR  75.500
Bayerische Land   2.150  1/27/2023   EUR  65.820
Bayerische Land   2.300  2/24/2023   EUR  70.950
Pongs & Zahn AG   8.500  11/01/2014  EUR   0.101
Bayerische Land   2.150  9/23/2022   EUR  73.270
Bayerische Land   2.050  8/26/2022   EUR  74.500
Market Epito Zr   2.950 10/22/2029   HUF  68.000
UBS AG/London    12.750  8/16/2023   EUR  71.650
Sberbank of Rus   0.010  11/03/2026  RUB  66.500
Kuntarahoitus O   0.858  2/22/2051   EUR  70.891
Phosphorus Hold  10.000  04/01/2019  GBP   1.348
Norddeutsche La   0.750 11/23/2032   EUR  76.100
Deutsche Bank A   1.580 10/23/2031   EUR  76.501
Vasakronan AB     2.130  5/27/2041   SEK  67.402
Department of G   0.412 11/26/2037   EUR  70.050
Heta Asset Reso   0.288 12/31/2023   EUR   4.007
Landesbank Hess   0.980  11/09/2060  EUR  65.648
Gebr Sanders Gm   8.750 10/22/2018   EUR   9.375
Natixis SA        2.800  03/03/2041  USD  73.253
NRW Bank          0.510  9/23/2039   EUR  71.647
Norddeutsche La   1.560 10/20/2038   EUR  72.449
Batigere Grand    1.400  8/31/2050   EUR  46.485
Ile-de-France M   1.200  04/08/2050  EUR  69.648
Kreditanstalt f   0.820  4/15/2050   EUR  72.729
Wirtschafts- un   0.321  2/18/2041   EUR  68.017
Lloyds Bank PLC   0.500  7/26/2028   MXN  54.536
Kreditanstalt f   0.990  02/12/2051  EUR  71.001
HSBC Bank PLC    10.300  12/10/2024  TRY  49.789
Citigroup Globa   0.610  05/05/2031  EUR  75.900
NRW Bank          1.155  9/21/2050   EUR  73.199
Landesbank Bade   0.650  06/01/2034  EUR  68.855
Raiffeisen-Land   1.500  02/10/2061  EUR  58.073
Cerruti Finance   6.500  7/26/2004   EUR   2.058
Single Platform   1.720  2/15/2041   EUR  75.752
Region Wallonne   1.246  05/12/2070  EUR  55.868
Kuntarahoitus O   0.514  10/07/2039  EUR  72.409
State of North    1.267  9/16/2051   EUR  76.996
Intesa Sanpaolo   3.102 11/19/2035   AUD  71.810
Caisse des Depo   1.065  9/20/2049   EUR  74.509
Region of Pays    0.924  11/04/2044  EUR  69.050
Single Platform   0.950  2/15/2044   EUR  63.277
Communaute Fran   2.100  6/30/2067   EUR  77.550
Norddeutsche La   1.200  8/20/2035   EUR  71.452
Agence France L   0.550  6/20/2040   EUR  71.834
Ukraine Governm   7.253  3/15/2033   USD  26.852
Credit Agricole   6.000  2/26/2027   BRL  76.011
Bayerische Land   0.745 12/15/2031   EUR  82.518
Region de Bruxe   1.750  1/17/2048   EUR  78.867
Grand Delta Hab   1.500  09/01/2049  EUR  50.324
Single Platform   1.060  04/01/2042  EUR  68.043
Muenchener Hypo   0.620  7/22/2033   EUR  72.156
UniCredit Bank    2.250 10/14/2039   EUR  77.116
Deutsche Bank A   0.600  10/08/2030  EUR  76.609
Norddeutsche La   1.090 11/15/2043   EUR  71.789
State of Rhinel   0.100  10/01/2040  EUR  64.752
Republic of Ire   0.740  9/22/2078   EUR  50.509
Citigroup Globa   1.370  7/27/2051   EUR  61.717
Credit Agricole   2.750  12/12/2034  AUD  76.822
Landesbank Hess   1.200  02/09/2052  EUR  78.255
Getin Noble Ban   8.290  7/28/2023   PLN  62.875
State of North    0.800  7/30/2049   EUR  68.372
Societe Du Gran   1.923  5/25/2066   EUR  73.948
Morgan Stanley    1.105  6/18/2041   EUR  65.961
BNG Bank NV       0.799  7/25/2039   EUR  76.705
Lehman Brothers   2.234  3/16/2035   EUR   0.100
Landesbank Bade   0.250  5/27/2037   EUR  70.851
Metropole de Ly   0.462  12/07/2045  EUR  60.670
Agrokor dd        9.125  02/01/2020  EUR  15.000
Petromena ASA     9.750  5/24/2016   NOK   0.607
State of Lower    0.585  10/11/2049  EUR  61.286
Single Platform   0.870  6/20/2043   EUR  62.738
Single Platform   1.442  7/25/2053   EUR  66.361
Lehman Brothers   5.100  05/08/2017  HKD   0.100
Raiffeisenlande   1.500 10/21/2039   EUR  70.211
Region of Chely   6.000 12/17/2027   RUB  62.060
UBS AG/London     9.500  6/30/2022   USD  69.250
Region of Chely   6.000 12/17/2027   RUB  62.060
SkyGreen Buildi   3.000 12/29/2030   HUF  61.800
SG Issuer SA      2.270  02/04/2032  EUR  57.320
Erste Group Ban   6.250  3/29/2023   EUR  56.000
Leonteq Securit  20.000  6/29/2022   CHF  23.880
SG Issuer SA      7.740  7/20/2025   SEK  37.680
Resursosberezhe  11.000  6/17/2031   RUB  60.050
Reso-Leasing OO   7.500  06/02/2024  RUB  86.510
Nordea Bank Abp   7.250  7/20/2023   EUR  71.250
Societe General  18.000  5/31/2024   USD  30.850
DeltaCredit Ban   1.000  9/29/2026   RUB  65.010
SG Issuer SA     11.170  7/20/2025   SEK  23.080
ENVIEN Magyaror   2.500  5/18/2031   HUF  67.580
Raiffeisen Swit  11.000  7/26/2022   CHF  51.580
UBS AG/London     8.250  4/21/2023   CHF  69.100
Landesbank Hess   1.000  06/12/2035  EUR  75.750
RUSNANO AO        6.750  3/26/2024   RUB  72.950
Kalita OOO       15.000  09/12/2023  RUB   8.810
Landesbank Bade   2.234  2/20/2034   EUR  76.900
Societe General  16.000  08/01/2024  USD  17.500
Region de Bruxe   1.250  01/10/2060  EUR  62.478
BNP Paribas SA    3.590  7/20/2040   AUD  71.737
Caisse des Depo   1.290  05/05/2051  EUR  75.925
Credit Agricole   2.400  5/17/2048   EUR  61.030
Standard Charte   0.520  1/22/2041   JPY  70.098
Ukraine Governm   5.000  2/20/2032   UAH  27.067
Oberoesterreich   0.315  9/14/2035   EUR  73.409
Ukraine Governm   6.000  06/12/2030  UAH  33.854
Belfius Bank SA   0.190  1/28/2031   EUR  76.514
Lehman Brothers   8.000  3/21/2018   USD   0.100
Credit Agricole  15.000  6/18/2026   TRY  50.242
Office Public D   1.700 12/22/2060   EUR  77.618
Natixis SA        2.300 12/24/2035   AUD  67.678
Region de Bruxe   1.310 12/15/2069   EUR  59.981
Ukraine Governm  10.570  05/10/2027  UAH  55.526
Ukraine Governm   8.220  05/10/2035  UAH  35.208
Lehman Brothers  11.000 12/20/2017   AUD   0.100
Republic of Aus   0.850  6/30/2120   EUR  43.842
Purple Protecte   1.598  02/05/2061  EUR  70.142
Agence Francais   0.368  01/12/2046  EUR  64.299
Credit Agricole  10.800  3/24/2026   TRY  43.206
Credit Agricole  10.200  08/06/2026  TRY  40.643
Ukraine Governm   6.000  5/16/2029   UAH  36.527
Ukraine Governm   6.000  06/04/2031  UAH  31.843
Ukraine Governm   9.700  06/07/2028  UAH  50.158
Region Provence   0.569  10/01/2038  EUR  70.827
LBI ehf           7.431              USD   0.001
Department of G   0.765  4/29/2036   EUR  77.511
Raiffeisen-Land   1.470  05/03/2069  EUR  73.891
SAir Group        5.500  7/23/2003   CHF  12.625
SAir Group        6.250 10/27/2002   CHF  12.625
MFB Magyar Fejl   3.000 10/27/2027   HUF  76.925
Tonon Luxembour   9.250  1/24/2020   USD   0.500
Brussels Munici   0.336 12/15/2035   EUR  75.003
Harp Issuer PLC   1.400  2/14/2032   USD  73.856
Ukraine Governm   9.990  5/22/2024   UAH  65.912
BNP Paribas SA    1.125  11/05/2034  EUR  72.342
Lehman Brothers   7.375  9/20/2008   EUR   0.100
Deutsche Bank A   0.710  9/24/2031   EUR  69.685
Single Platform   1.010  3/20/2051   EUR  59.113
Single Platform   1.033  2/15/2046   EUR  61.384
Deutsche Bank A   2.480  12/10/2035  EUR  74.387
Region Bretagne   0.815  06/12/2040  EUR  71.326
Single Platform   0.695  6/25/2039   EUR  63.929
Single Platform   1.050  6/25/2044   EUR  64.788
Allgemeine Spar   2.040  9/20/2033   EUR  73.953
Ringkjoebing La   1.875  06/06/2039  EUR  74.143
Credit Agricole  12.000 11/17/2025   TRY  46.983
NRW Bank          0.835  9/24/2041   EUR  74.491
Kreditanstalt f   0.951  09/09/2050  EUR  70.867
Standard Charte   0.500  09/11/2040  JPY  70.039
Zurcher Kantona   6.750  07/01/2022  CHF  65.260
VTB Bank PJSC     2.000  4/29/2026   RUB  85.010
SG Issuer SA      6.700  07/10/2024  EUR  54.610
Societe General   1.580  9/16/2024   USD   0.090
Erste Group Ban   1.700 11/30/2027   RON  68.450
Maxima Telecom    9.750  5/21/2024   RUB  72.560
Agrar Mezogazda   2.900  8/24/2031   HUF  66.880
Skandinaviska E   6.700  7/15/2024   SEK  69.680
Aragon OOO       24.000  3/16/2029   RUB 101.500
Raiffeisen Schw  18.000  10/12/2022  CHF  49.630
Barclays Bank P   0.750  08/02/2029  EUR  74.200
UniCredit Bank    4.050 11/19/2024   EUR  74.580
Leonteq Securit  12.000  01/11/2023  CHF  40.490
Sberbank of Rus   0.010  03/06/2028  RUB  76.310
Landesbank Hess   1.100 12/27/2034   EUR  76.000
Societe General  18.000  11/02/2023  USD  27.350
Rosbank PJSC      0.040  4/30/2024   RUB  60.050
Rosbank PJSC      0.030  4/30/2024   RUB  60.050
Rosbank PJSC      0.020  4/30/2024   RUB  60.050
Rosbank PJSC      0.010  4/30/2024   RUB  60.050
Landesbank Hess   1.000 10/23/2035   EUR  74.000
United Confecti   7.000  04/03/2023  RUB 100.230
Pervyi Konteine   0.010  02/06/2026  RUB  69.050
Bank Vontobel A   9.250  12/04/2023  EUR  64.400
Leonteq Securit  25.200  10/04/2022  CHF  44.270
DZ Bank AG Deut   5.800  9/23/2022   EUR  66.040
EFG Internation  15.400 12/23/2022   USD  31.590
DZ Bank AG Deut   7.000  7/22/2022   EUR  67.470
Luzerner Kanton   7.600  8/16/2022   CHF  54.970
Maxima Telecom   10.750  7/14/2026   RUB  69.300
Landesbank Hess   1.350  7/30/2035   EUR  76.200
Raiffeisen Schw  18.520  7/13/2022   CHF  27.070
Leonteq Securit   9.250  7/29/2022   EUR  67.990
Credit Suisse A  16.000  08/05/2022  USD  22.760
UBS AG/London    13.250  04/06/2023  USD  71.100
UBS AG/London    21.250  2/20/2023   CHF  33.850
Zurcher Kantona  12.000 10/26/2022   USD  67.660
EFG Internation  10.000  9/20/2023   USD  72.630
KESZ Holding Bu   2.800  6/17/2031   HUF  68.925
Vontobel Financ   8.850  07/08/2022  EUR  63.850
DZ Bank AG Deut   3.050  7/22/2022   EUR  67.070
Raiffeisen Schw  18.500  9/27/2022   USD  36.980
Leonteq Securit  10.000  12/07/2022  USD  75.440
Landesbank Bade   6.750 11/25/2022   EUR  41.950
Bank Julius Bae   6.600 12/16/2022   USD  58.850
Landesbank Bade   6.200  9/23/2022   EUR  72.830
UBS AG/London     9.750  3/15/2023   CHF  27.620
Leonteq Securit  15.000  4/21/2023   CHF  47.030
Biznes Nedvizhi  10.800 12/18/2026   RUB  62.000
Landesbank Bade   4.950  3/24/2023   EUR  78.830
UniCredit Bank   10.850  04/12/2023  EUR  61.800
Basler Kantonal  19.000  2/16/2023   CHF  66.230
MKB-Leasing OOO  21.700 12/22/2027   RUB  65.000
UBS AG/London     7.000  1/26/2024   USD  59.650
MKB-Leasing OOO  23.000  10/12/2026  RUB  70.000
Credit Suisse A   7.500  9/29/2022   USD  66.420
UBS AG/London     5.750 12/29/2023   CHF  65.350
Corner Banca SA  11.000 11/29/2022   CHF  27.400
Barclays Bank P  24.450 11/29/2022   USD  40.500
Zurcher Kantona  15.200  9/21/2022   USD  27.660
Credit Suisse A   9.500  01/12/2023  USD  74.020
BNP Paribas SA   23.000 11/25/2022   USD  60.500
Zurcher Kantona   7.000 11/22/2022   CHF  26.580
Leonteq Securit  10.000  4/25/2023   USD  78.720
Barclays Bank P   2.650  11/04/2031  EUR  73.650
SG Issuer SA      5.000  5/23/2024   EUR  54.260
Corner Banca SA  10.400 12/14/2022   CHF  29.290
Banque Internat   7.500  7/28/2022   USD  68.180
Societe General  22.000  11/03/2022  USD  58.100
Muehl Product &   6.750  03/10/2005  DEM   0.106
Specialized Fin  14.000  8/18/2023   RUB  60.050
Aragon OOO        9.500  07/10/2029  RUB 101.000
Landesbank Hess   1.000 11/29/2034   EUR  75.900
DeltaCredit Ban   1.000 10/20/2025   RUB  72.060
Alteo Nyrt        3.150 10/28/2029   HUF  59.500
DeloPorts LLC     0.010 11/14/2025   RUB  72.930
Vontobel Financ  25.700 12/27/2022   CHF  64.370
Nordea Bank Abp   6.100  7/20/2024   SEK  64.250
ITK Holding zrt   2.900  6/23/2031   HUF  57.600
Bank Julius Bae   7.000  07/06/2023  CHF  78.550
SUN Group Keres   5.500  1/17/2032   HUF  69.050
Bank Julius Bae  10.500  03/07/2023  EUR  75.450
Landesbank Bade   4.400 11/25/2022   EUR  74.050
Bayerische Land   1.770  5/15/2036   EUR  84.080
Nederlandse Wat   1.080 10/26/2050   EUR  71.888
NRW Bank          1.245  11/04/2051  EUR  74.373
Deutsche Apothe   1.616  1/15/2038   EUR  73.511
NRW Bank          1.021  08/11/2051  EUR  71.634
Nykredit Realkr   1.182  1/17/2034   EUR  73.126
Ukraine Governm   7.750  09/01/2023  USD  35.609
HSBC Continenta   2.890  09/11/2039  AUD  69.013
Single Platform   0.462  2/15/2040   EUR  61.396
Landshypotek Ba   1.680  1/20/2042   SEK  73.354
Lehman Brothers   1.280  11/06/2010  JPY   0.100
Kreditanstalt f   1.000 10/20/2050   EUR  71.889
Assistance Publ   0.666  3/19/2040   EUR  69.899
Kreditanstalt f   1.208  03/10/2051  EUR  76.601
Credit Mutuel A   1.165  9/23/2039   EUR  65.243
NRW Bank          1.180  03/03/2051  EUR  76.898
Wirtschafts- un   0.250  9/16/2037   EUR  70.707
Deutsche Pfandb   0.765  09/12/2036  EUR  59.174
Nederlandse Wat   0.877  6/24/2054   EUR  68.924
Municipality of   0.460  9/20/2049   EUR  63.420
Societe General   2.880  09/10/2034  AUD  66.618
Single Platform   2.080  4/30/2045   EUR  76.691
Single Platform   1.762  5/25/2066   EUR  62.893
Citigroup Globa   0.660  8/25/2033   EUR  72.609
Norddeutsche La   1.750  4/14/2037   EUR  77.003
Hamburgische In   0.372  2/22/2041   EUR  68.150
Cooperatieve Ra   0.500  8/21/2028   MXN  54.328
ABN AMRO Bank N   1.171  04/04/2044  EUR  74.967
Norddeutsche La   1.600  4/14/2037   EUR  76.292
Region Bourgogn   0.799  05/06/2041  EUR  70.134
Region Wallonne   0.250 12/29/2036   EUR  70.541
SG Issuer SA      0.900  04/07/2036  EUR  72.708
Banque et Caiss   0.900  08/06/2042  EUR  76.331
Agence Francais   2.330  02/10/2041  AUD  66.842
Societe General   2.050  2/18/2031   AUD  69.500
Banque Internat   1.500  1/20/2037   EUR  73.055
Region de Bruxe   0.460 12/15/2051   EUR  51.875
Credit Industri   1.170  1/28/2037   EUR  63.459
BNG Bank NV       0.562  06/07/2051  EUR  67.449
Single Platform   1.535  5/25/2052   EUR  67.581
Societe General   2.300  1/28/2036   USD  67.313
Region Wallonne   0.850  1/26/2071   EUR  46.095
Wirtschafts- un   0.192  1/28/2042   EUR  64.466
Single Platform   1.013 12/20/2050   EUR  58.218
Caisse des Depo   1.018  2/16/2051   EUR  71.120
Turkey Governme   6.750  5/30/2040   USD  73.800
Northland Resou  15.000  7/15/2019   USD   2.621
Hema Bondco II    8.500  1/15/2023   EUR   0.113
Single Platform   0.950  5/17/2038   EUR  69.532
Credit Mutuel A   1.555  5/14/2035   EUR  76.922
HSBC Continenta   1.200  9/26/2039   EUR  69.228
Specialfastighe   1.215  5/14/2035   SEK  70.147
Assistance Publ   0.800  3/23/2046   EUR  66.327
Lehman Brothers   7.060 12/29/2008   EUR   0.100
Natixis SA        2.150 10/23/2035   USD  72.242
Region de Bruxe   1.500  6/22/2070   EUR  65.461
Goldman Sachs I   2.520  03/03/2036  USD  75.277
SG Issuer SA      0.600  03/07/2033  EUR  75.275
DZ Bank AG Deut   1.200 11/25/2050   EUR  67.841
Ministeries Van   0.600 11/19/2055   EUR  50.893
Ministeries Van   0.400 11/20/2043   EUR  62.606
Republic of Ire   1.100  11/12/2096  EUR  52.424
Lloyds Bank PLC   2.637  1/16/2040   AUD  69.611
Societe General   0.570  3/15/2036   EUR  76.883
Credit Agricole  11.400 10/28/2025   TRY  46.145
NRW Bank          0.642  02/09/2051  EUR  66.716
Communaute Fran   1.115  07/11/2039  EUR  73.648
Credit Agricole   1.280  12/05/2039  EUR  71.357
Aktia Bank Oyj    0.690  02/04/2036  EUR  73.440
Landeskreditban   2.500  5/21/2036   AUD  73.638
Nederlandse Wat   0.448  10/08/2040  EUR  70.182
Oberbank AG       0.230  10/07/2041  EUR  64.154
Single Platform   1.165  06/06/2046  EUR  65.245
Region de Bruxe   0.930  05/03/2051  EUR  62.363
Lehman Brothers   5.500  6/22/2010   USD   0.100
Societe General   3.040  1/19/2032   AUD  76.402
Societe Wallonn   0.913  7/31/2040   EUR  64.825
Cooperatieve Ra   0.540  08/03/2040  EUR  68.432
Free and Hansea   1.095  6/13/2046   EUR  74.957
DZ Bank AG Deut   0.200  10/02/2034  EUR  72.844
Kuntarahoitus O   0.815  2/24/2061   EUR  62.917
BNG Bank NV       0.680  03/04/2050  EUR  61.512
Credit Agricole   1.000  04/06/2035  EUR  71.896
Single Platform   0.810  04/01/2042  EUR  61.691
CDC Habitat SEM   1.060  5/22/2036   EUR  66.603
Nederlandse Wat   0.932  12/02/2060  EUR  66.191
Wirtschafts- un   0.650  02/08/2039  EUR  67.827
Single Platform   1.850  11/05/2040  EUR  75.874
Lehman Brothers   7.600  3/26/2009   EUR   0.100
LFA Foerderbank   0.250  9/30/2039   EUR  68.687
Department of B   0.432  02/01/2046  EUR  60.025
Agence France L   0.330 12/20/2040   EUR  68.026
BPCE SA           1.920  12/09/2030  AUD  72.455
Lehman Brothers   4.000  2/28/2010   EUR   0.100
UBS Group AG      2.300  12/03/2035  AUD  68.308
State of Bremen   0.936  9/28/2046   EUR  70.817
Ukraine Governm  11.940  6/24/2026   UAH  61.927
Lehman Brothers   7.550 12/29/2008   USD   0.100
Cie de Financem   0.900  7/18/2058   EUR  59.842
SAir Group        2.125  11/04/2004  CHF  12.625
Muenchener Hypo   0.420 11/16/2033   EUR  75.644
Ukraine Governm   9.500  7/16/2025   UAH  61.516
Norddeutsche La   1.470  06/04/2035  EUR  75.151
Communaute Fran   0.948  10/11/2059  EUR  59.057
Raiffeisen-Land   0.050  9/13/2033   EUR  75.974
Region Occitani   0.834 11/18/2044   EUR  67.928
BNP Paribas SA    3.700  10/04/2039  AUD  69.473
Hypo Vorarlberg   1.020  1/17/2035   EUR  72.588
Credito Padano    3.100              EUR  33.849
SAir Group        6.250  04/12/2005  CHF  12.625
Kommunalkredit    0.570  9/15/2037   EUR  72.893
Barclays Bank P   3.130  04/09/2051  USD  70.563
Ukraine Governm  11.900  10/08/2025  UAH  64.874
BNP Paribas SA    3.180  7/23/2034   AUD  73.827
Communaute Fran   1.520  7/22/2069   EUR  63.495
Hypo Vorarlberg   0.741 10/16/2036   EUR  66.932
United Kingdom    0.625 10/22/2050   GBP  61.672
Lehman Brothers   8.000  4/20/2009   EUR   0.100
DZ HYP AG         0.205  06/05/2040  EUR  63.152
Kreditanstalt f   0.918  10/11/2050  EUR  70.305
Deutsche Bank A   0.500  04/05/2038  MXN  21.017
Lehman Brothers   3.000  08/08/2017  EUR   0.100
Single Platform   1.920  11/05/2040  EUR  77.735
Single Platform   1.235 12/20/2050   EUR  62.330
Region de Bruxe   1.922  4/24/2059   EUR  76.365
Ringkjoebing La   1.100 10/30/2035   EUR  69.681
DZ Bank AG Deut   0.300  5/30/2035   EUR  75.331
Batigere Grand    1.610 10/23/2040   EUR  59.323
Landesbank Bade   1.000  7/17/2039   EUR  70.920
VTB Bank PJSC     0.010 11/25/2025   RUB  88.520
UBS AG/London    16.500  6/30/2022   USD  43.200
VTB Bank PJSC     0.010 12/29/2023   RUB  83.690
Landesbank Bade   1.250  7/17/2039   EUR  70.660
Eltex Kft         3.500 12/21/2028   HUF  69.000
Credit Suisse A  16.300 12/26/2023   USD  51.960
Leonteq Securit   7.500  6/28/2022   CHF  65.810
WEB Windenergie   2.250  9/25/2028   EUR   0.010
Societe General   0.705  11/12/2035  EUR  67.190
UBS AG/London    11.500 11/14/2022   EUR  66.450
Leonteq Securit   5.200  10/03/2022  CHF  49.160
EFG Internation   8.400  10/10/2022  CHF  53.050
Landesbank Bade   1.500  4/24/2039   EUR  72.510
EFG Internation   3.900  08/03/2022  USD  59.970
Erste Group Ban  14.500  5/31/2026   EUR  60.650
UBS AG/London    10.500 10/28/2022   USD  52.900
UBS AG/London    11.000 10/28/2022   USD  64.250
Leonteq Securit   9.000 10/31/2022   CHF  51.460
Daniella Keresk   3.000  7/30/2030   HUF  65.660
Danske Bank A/S   9.430  07/09/2024  SEK  58.890
Banque Internat   1.215  03/05/2040  EUR  71.609
Hypo Vorarlberg   1.020  7/15/2041   EUR  65.157
Muenchener Hypo   0.040  1/17/2031   EUR  77.341
Region de Bruxe   0.910  1/31/2053   EUR  60.408
Hypo Tirol Bank   0.645  7/21/2031   EUR  76.817
Citigroup Globa   1.010 10/28/2035   EUR  71.620
Region de Bruxe   0.844 12/22/2047   EUR  63.293
Region Wallonne   1.222  6/24/2080   EUR  51.334
Societe Nationa   2.931  1/14/2051   AUD  70.616
Banque Internat   1.190  1/18/2041   EUR  71.102
Credit Agricole   3.100  4/28/2041   AUD  74.488
Single Platform   1.450  9/14/2040   EUR  72.911
Landesbank Hess   0.550  8/19/2032   EUR  75.856
NRW Bank          0.533  1/21/2041   EUR  69.930
Lehman Brothers   4.100  06/10/2014  SGD   0.100
NIBC Bank NV      0.660  7/14/2031   EUR  70.834
Natixis SA        2.780  10/05/2036  AUD  72.254
Kingdom of Belg   0.675  07/07/2080  EUR  43.401
Banco Santander   1.020  01/04/2034  EUR  72.646
Lehman Brothers   4.800 11/16/2012   HKD   0.100
Ukraine Governm   9.700  12/08/2027  UAH  51.470
LBI ehf           7.431              USD   0.001
Credit Agricole   0.650  11/05/2034  EUR  70.645
Nomura Bank Int   1.150  10/06/2036  EUR  69.716
Muenchener Hypo   1.002  2/21/2050   EUR  70.499
Credit Agricole   3.020  4/22/2036   AUD  78.338
Ireland Governm   0.550  4/22/2041   EUR  71.572
Muenchener Hypo   0.190  7/23/2030   EUR  76.777
Norddeutsche La   1.520  02/11/2038  EUR  71.208
Hypo-Bank Burge   1.010 10/29/2049   EUR  70.098
Single Platform   1.075  6/26/2052   EUR  58.795
Natixis SA        3.630  6/14/2039   AUD  76.401
Region Wallonne   1.150  09/02/2120  EUR  41.797
Credit Agricole  14.280  11/05/2026  TRY  48.016
Norddeutsche La   0.900 10/20/2036   EUR  68.761
Region Wallonne   1.300  6/16/2068   EUR  58.501
Region de Bruxe   1.065  06/12/2058  EUR  58.773
Credit Agricole  10.500  2/16/2027   TRY  39.498
Officine Maccaf   5.750  06/01/2021  EUR  16.600
Hypo Vorarlberg   1.590  8/25/2050   EUR  65.526
Hypo Vorarlberg   0.860 10/24/2034   EUR  71.675
Deutsche Bank A   0.510  9/16/2031   EUR  74.400
National Grid E   1.608  8/24/2040   GBP  64.597
Batigere Grand    1.709  11/04/2042  EUR  56.867
Region Auvergne   0.250 10/23/2034   EUR  75.595
Communaute Fran   2.000  4/14/2076   EUR  74.710
Credit Agricole  11.190  1/15/2026   TRY  44.744
Hemso Fastighet   2.418 11/30/2038   EUR  70.886
Wirtschafts- un   0.200 12/14/2045   EUR  59.893
Corner Banca SA  10.080  3/22/2023   CHF  63.110
Credit Suisse A   6.900  3/20/2023   USD   1.490
Landesbank Bade   0.500  08/12/2038  EUR  71.090
Leonteq Securit  12.000  6/29/2022   CHF  46.400
Credit Suisse A   8.000  8/30/2024   USD   8.690
Barclays Bank P   2.150  4/28/2031   EUR  69.680
Raiffeisen Swit   6.500  04/12/2023  CHF  59.090
Appeninn Holdin   3.500 11/22/2029   HUF  60.800
Sberbank of Rus   0.010  1/19/2026   RUB  82.710
Corner Banca SA  12.000 10/19/2022   EUR  66.200
LP Portfolio Va   2.800 11/30/2030   HUF  59.300
Landesbank Bade   4.100  6/27/2025   EUR  72.380
State of Saxony   1.722  07/03/2028  EUR  60.000
Basler Kantonal  10.000  2/13/2023   CHF  54.910
Basler Kantonal  12.000 12/22/2022   CHF  52.760
STAVMAT Epitoan   3.000  7/20/2031   HUF  65.100
Zurcher Kantona  12.000  7/14/2022   CHF  27.270
DekaBank Deutsc   2.700  01/12/2024  EUR  70.270
Credit Suisse A  12.400  9/25/2023   EUR  30.490
Zurcher Kantona  18.000  9/20/2022   USD  76.400
UBS AG/London     9.250  1/30/2023   USD  31.050
VTB Bank PJSC     0.010 12/20/2024   RUB  61.510
VTB Bank PJSC     0.010 12/13/2024   RUB  59.260
Leonteq Securit  12.000  5/30/2023   CHF  73.740
MOL Nyrt Kueloe   4.950  1/26/2032   HUF  74.140
BNP Paribas Emi   7.950  03/07/2023  EUR  72.660
Zurcher Kantona   9.000 12/30/2022   CHF  39.660
Banque Internat  11.000  3/21/2023   CHF  65.520
Landesbank Bade   7.600  9/23/2022   EUR  73.760
SG Issuer SA      0.010  6/22/2033   EUR  71.810
EFG Internation   7.400  6/23/2023   CHF  77.310
UBS AG/London    17.750  08/04/2022  CHF  27.080
Nordea Bank Abp   4.600  1/20/2029   SEK  62.970
Societe General  10.260  7/28/2025   USD  64.070
Hell Energy Mag   2.700 12/18/2029   HUF  58.600
Landesbank Bade   0.500  1/17/2040   EUR  69.000
B+N Referencia    2.900 12/20/2029   HUF  64.300
LP Portfolio Va   2.640  01/08/2030  HUF  70.755
Landesbank Bade   1.250  06/05/2039  EUR  71.720
Landesbank Bade   1.000  06/05/2039  EUR  72.300
Landesbank Bade   1.000  6/26/2039   EUR  71.670
Landesbank Bade   1.250  6/26/2039   EUR  70.720
Landesbank Bade#N/A N/A  6/26/2039   EUR  70.540
Nordea Bank Abp   7.050  7/20/2024   SEK  62.250
Landesbank Hess   0.600  9/27/2034   EUR  74.200
MARSO Ltd         2.300 12/17/2029   HUF  69.300
Landesbank Bade   0.700  09/05/2039  EUR  68.300
Landesbank Bade   0.150  09/11/2039  EUR  67.180
Skandinaviska E   7.150  1/15/2025   SEK  53.700
Landesbank Bade   0.400  11/08/2039  EUR  68.170
Gold-Zack AG      7.000 12/14/2005   EUR   1.500
Landesbank Hess   0.500  12/06/2034  EUR  75.600
ENSI Kft          4.750  1/25/2032   HUF  67.000
Danske Bank A/S   6.500  01/09/2027  SEK  71.500
Leonteq Securit  18.000  08/02/2022  CHF  53.500
Corner Banca SA  12.800  12/07/2022  CHF  50.130
Anselma Issuer    1.574 12/31/2038   EUR  73.730
Luzerner Kanton  14.480  2/14/2023   CHF  77.370
Biggeorge Prope   5.100  2/18/2032   HUF  77.810
Landesbank Bade   0.500  12/02/2039  EUR  69.280
Caisse des Depo   0.571  2/18/2041   EUR  71.700
Assistance Publ   1.665  04/10/2049  EUR  78.907
Landeskreditban   0.547  2/18/2041   EUR  68.682
DZ Bank AG Deut   1.470  1/20/2042   EUR  73.232
State of Lower    0.400 10/13/2050   EUR  56.627
Norddeutsche La   0.725  9/14/2033   EUR  73.111
Oberoesterreich   0.285  11/06/2042  EUR  62.979
Single Platform   1.270  5/15/2035   EUR  77.081
Banque Internat   1.085 10/22/2040   EUR  69.714
Credit Agricole  15.000  7/14/2026   TRY  49.958
Oberoesterreich   1.014  9/16/2049   EUR  57.845
Citigroup Globa   1.380  11/04/2041  EUR  68.508
Caisse des Depo   1.114  9/20/2049   EUR  75.486
UBS Group AG      2.490  03/04/2036  USD  73.278
Norddeutsche La   1.470 12/23/2037   EUR  70.516
Single Platform   0.873  5/25/2052   EUR  53.771
Societe General   1.290 12/19/2034   EUR  74.171
Credit Agricole  11.640  3/24/2027   TRY  41.528
BNP Paribas SA    2.720  12/12/2034  AUD  69.261
Norddeutsche La   1.350 10/20/2038   EUR  70.694
Caisse des Depo   0.642  02/12/2041  EUR  72.151
Banque Internat   1.010  12/12/2039  EUR  69.768
Muenchener Hypo   0.790 12/21/2035   EUR  67.612
Credit Agricole   1.830  02/04/2031  AUD  77.000
Banque Internat   1.250  2/18/2041   EUR  72.443
Banque Internat   1.020  3/25/2040   EUR  69.703
Region Provence   0.623 10/15/2035   EUR  77.812
DZ HYP AG         1.033  12/06/2049  EUR  70.317
Barclays Bank P   1.340  02/01/2051  EUR  69.677
Vasakronan AB     1.310  12/10/2040  EUR  69.310
Norddeutsche La   0.700  03/12/2036  EUR  67.026
Communaute Fran   0.392  1/22/2041   EUR  65.503
Bayerische Land   0.450  02/12/2031  EUR  80.783
HSBC Continenta   2.040  3/29/2049   EUR  75.625
DekaBank Deutsc   1.850  3/20/2045   EUR  66.844
Caisse des Depo   2.630  9/16/2049   AUD  66.842
Centrosolar Gro   7.000  2/15/2016   EUR   2.505
Raiffeisenlande   2.070  6/18/2049   EUR  73.305
Landesbank Hess   0.900  07/08/2036  EUR  70.586
Deutsche Bank A   0.700  02/06/2032  EUR  75.526
Nederlandse Wat   0.260  11/10/2036  EUR  73.348
Landesbank Bade   1.300  6/21/2049   EUR  59.148
Gemeinde Weinfe   0.630  8/27/2046   CHF  76.294
Czech Republic    0.950  5/15/2030   CZK  72.767
Credit Agricole   3.200  3/19/2041   AUD  75.846
Banco Espirito   10.000  12/06/2021  EUR   0.181
Natixis SA        3.550  11/12/2041  AUD  74.580
NIBC Bank NV      2.105  10/10/2033  EUR  75.351
Single Platform   1.080  7/18/2036   EUR  73.359
Banque Internat   0.775 11/18/2032   EUR  76.597
Landesbank Bade   0.327  05/07/2038  EUR  70.654
Kreditanstalt f   0.650  2/24/2041   EUR  73.296
Lehman Brothers   3.600  3/19/2018   JPY   0.100
Citigroup Globa   1.000  3/19/2041   EUR  63.723
SNCF Reseau       1.475  3/30/2065   EUR  62.067
Banque Internat   1.300  03/04/2041  EUR  73.028
Landeskreditban   0.730  10/04/2050  EUR  67.756
Communaute Fran   1.187  9/16/2069   EUR  59.950
BNP Paribas SA    1.450 11/17/2041   EUR  69.384
Erste Group Ban   1.200  02/11/2040  EUR  69.296
BNG Bank NV       0.632  07/12/2066  EUR  58.915
Norddeutsche La   0.800  04/08/2036  EUR  68.129
Region de Bruxe   1.016  9/23/2057   EUR  58.145
Landesbank Bade   0.710  11/09/2035  EUR  66.459
Single Platform   1.000  7/15/2036   EUR  73.099
Single Platform   0.924  2/18/2049   EUR  54.469
Credit Agricole  15.000  6/18/2026   TRY  50.595
Landesbank Hess   1.235  12/10/2049  EUR  73.615
Single Platform   1.250 10/18/2035   EUR  76.368
DekaBank Deutsc   2.140  5/18/2046   EUR  71.554
Citigroup Globa   1.080  10/01/2036  EUR  70.710
Citigroup Globa   1.150  10/06/2036  EUR  71.536
Credit Agricole  10.800  3/24/2026   TRY  39.517
Caisse des Depo   0.820  03/10/2050  EUR  69.363
Credit Agricole   2.610  7/27/2050   USD  61.599
Societe General   1.270 11/25/2034   EUR  74.095
Ukraine Governm  12.500  2/21/2024   UAH  74.754
Single Platform   1.301  6/25/2044   EUR  66.012
Norddeutsche La   0.950  6/16/2033   EUR  76.461
Russian Foreign   5.100  3/28/2035   USD  18.687
HSBC Continenta   0.800 12/13/2034   EUR  73.354
Transports Publ   0.900  4/28/2037   CHF  74.543
HSBC Continenta   1.500  7/26/2049   EUR  67.617
BPCE SA           3.000 11/18/2036   AUD  71.028
Commerzbank AG    1.430  1/23/2040   EUR  71.726
Novafives SAS     4.500  6/15/2025   EUR  67.198
Norddeutsche La   1.000 10/13/2036   EUR  69.654
Credit Agricole   0.900  10/01/2034  EUR  72.475
Citigroup Globa   1.010  4/20/2036   EUR  70.489
Banque Federati   0.376 10/15/2031   EUR  77.028
Hypo Tirol Bank   1.010  1/20/2040   EUR  76.145
Republic of Ire   1.230  06/01/2120  EUR  57.162
DZ Bank AG Deut   1.000  2/18/2032   EUR  74.538
Norddeutsche La   0.850  05/12/2036  EUR  68.808
Svensk Exportkr   0.500  3/28/2029   AUD  75.186
Landesbank Hess   0.500 10/13/2033   EUR  72.536
Barclays Bank P   3.020  3/26/2051   USD  69.105
Norddeutsche La   1.170 11/24/2038   EUR  68.360
Romanian Govern   2.124  7/16/2031   EUR  71.605
Credito Padano    3.100              EUR  34.068
Caisse des Depo   0.323  06/04/2035  EUR  77.626
Region Auvergne   0.697  08/02/2036  EUR  76.275
Nomura Bank Int   1.450  12/10/2041  EUR  67.586
Credit Agricole   2.850  9/15/2051   AUD  68.968
Landeskreditban   0.812 12/16/2060   EUR  62.007
Single Platform   1.785  7/30/2042   EUR  76.861
Region de Bruxe   0.980  01/10/2051  EUR  62.079
Societe General   1.323  1/31/2034   USD  66.653
Region Auvergne   0.650  5/18/2038   EUR  72.195
Northland Resou   4.000 10/15/2020   NOK   0.271
Sidetur Finance  10.000  4/20/2016   USD   0.770
Nomura Bank Int   0.450  12/03/2030  EUR  75.697
Ukraine Governm  10.710  4/26/2028   UAH  53.277
Barclays Bank P   2.000 12/21/2029   USD  75.069
NRW Bank          1.245  09/07/2060  EUR  71.236
Societe General   6.100  04/03/2023  EUR  71.520
EFG Internation   8.620  8/24/2022   CHF  66.930
Societe General   5.600  09/04/2023  EUR  36.070
Vajda-Papir Gya   3.500 11/16/2030   HUF  65.900
Landesbank Hess   1.850  6/16/2036   EUR  73.100
DZ Bank AG Deut   0.097  10/11/2050  EUR  74.800
UBS AG/London     7.750 11/18/2022   USD  76.700
Otthon Centrum    3.000  4/19/2031   HUF  70.200
Vontobel Financ  10.000  07/06/2022  EUR  68.300
Landesbank Bade   7.000  4/28/2023   EUR  70.170
Skandinaviska E   6.800  1/15/2024   SEK  61.550
LFA Foerderbank   0.125  9/30/2038   EUR  68.685
Getin Noble Ban  11.720 11/30/2023   PLN  41.875
Hungary Governm   2.000  5/23/2029   HUF  68.711
Romanian Govern   2.000  4/14/2033   EUR  65.994
Republic of Aus   0.700  4/20/2071   EUR  52.433
Ukraine Governm   8.420  05/10/2034  UAH  36.703
Societe Nationa   2.820  4/28/2036   AUD  76.329
Ukraine Governm   9.700  10/06/2027  UAH  51.927
Ukraine Governm   9.820  02/12/2031  UAH  45.310
Lehman Brothers   4.600  10/11/2017  ILS   0.100
Lehman Brothers  10.000 10/22/2008   USD   0.100
Nederlandse Wat   1.200 11/26/2049   EUR  77.541
Slovakia Govern   1.000 10/13/2051   EUR  60.468
Region Provence   0.785  6/18/2040   EUR  72.022
Single Platform   0.767  2/15/2041   EUR  62.919
Nederlandse Wat   1.125  07/08/2050  EUR  73.095
Bayerische Land   0.940  7/16/2032   EUR  81.265
Serbia Internat   1.000  9/23/2028   EUR  73.967
Serbia Internat   2.050  9/23/2036   EUR  60.741
Bank Vontobel A  15.001  9/13/2022   CHF  28.900
VTB Bank PJSC     0.010  6/17/2025   RUB  90.010
Landesbank Bade   2.150 10/28/2022   EUR  76.150
Leonteq Securit   8.000  2/23/2023   USD  64.710
Leonteq Securit   7.400  12/01/2023  USD  63.560
Progress Ettere   3.000  9/18/2030   HUF  64.100
Axial Javito Ke   2.000  9/23/2030   HUF  59.829
Credit Suisse A   8.000  6/27/2022   EUR  61.600
Credit Suisse A   8.250  8/24/2022   EUR  61.670
Baromfi-Coop Te   3.000  7/19/2031   HUF  64.600
Leonteq Securit   8.000  2/13/2023   CHF  66.490
Basler Kantonal   7.000  7/14/2023   CHF  70.500
Leonteq Securit  22.520  07/06/2022  CHF  15.420
Zurcher Kantona  30.000  08/09/2022  USD  38.910
Credit Suisse A  12.000  7/14/2022   USD  48.910
Credit Suisse A  11.500  7/28/2022   USD  29.310
Landesbank Hess   1.000 10/14/2036   EUR  72.100
UBS AG/London     9.250  2/13/2023   USD  34.400
Credit Suisse A  11.500  7/13/2022   CHF  24.180
UBS AG/London     8.250  1/30/2023   CHF  69.000
MetMax Europe Z   3.000  12/11/2030  HUF  63.600
BNP Paribas Emi  14.000  9/22/2022   EUR #N/A N/A
Credit Suisse A  10.000  1/18/2023   USD  77.330
Credit Suisse A   8.500  1/18/2023   CHF  63.770
Credit Suisse A  13.750  1/18/2023   CHF  66.840
Credit Suisse A   9.000 12/29/2022   CHF  61.970
UBS AG/London     9.500  12/08/2023  USD  62.350
Leonteq Securit  21.360  08/08/2022  CHF  52.580
Citigroup Globa   9.160 12/18/2023   EUR  72.070
Credit Suisse A   9.000  2/22/2023   USD  68.890
DZ Bank AG Deut   7.500 12/21/2022   EUR  73.340
Credit Suisse A  15.000  07/07/2022  USD  25.680
DZ Bank AG Deut  24.900  2/24/2023   EUR  69.150
Credit Suisse A  13.500  8/17/2022   CHF  19.600
UBS AG/London     6.500  10/02/2024  USD #N/A N/A
Leonteq Securit  12.000  1/18/2023   CHF  54.720
SALVATOR Vermoe   9.500              EUR   7.900
DZ Bank AG Deut   0.910  6/25/2029   EUR  66.375
Leonteq Securit   7.150  7/26/2022   EUR  72.030
Infogroup Holdi   3.000  5/20/2031   HUF  59.900
Landesbank Bade   5.600  6/23/2023   EUR  66.920
Nordea Bank Abp   9.625  1/20/2027   SEK  65.920
Nordea Bank Abp   6.125  1/20/2027   SEK  72.550
Landesbank Bade   4.800  8/25/2023   EUR  53.000
Spain Governmen   1.450 10/31/2071   EUR  55.067
Landesbank Bade   0.400  02/12/2031  EUR  75.444
Region de Bruxe   1.535  04/05/2049  EUR  73.969
BNP Paribas SA    0.564  9/15/2031   EUR  75.127
Hemso Fastighet   2.000  2/15/2033   EUR  76.402
Ville de Paris    0.760  5/25/2066   EUR  48.407
Landesbank Bade   0.440 10/19/2035   EUR  73.901
BPCE SA           1.850 10/30/2030   AUD  72.345
UniCredit Bank    0.310 10/15/2035   EUR  74.220
Collectivite Eu   0.200  11/05/2035  EUR  72.424
Credit Agricole   2.105 10/22/2035   USD  69.743
Russian Foreign   5.875  9/16/2043   USD  24.755
Russian Foreign   4.875  9/16/2023   USD  26.769
Vasakronan AB     3.100  09/09/2039  AUD  70.679
Hungary Governm   1.625  4/28/2032   EUR  76.400
Serbia Internat   1.650  03/03/2033  EUR  64.151
Serbia Internat   1.650  03/03/2033  EUR  64.118
Maisons du Mond   0.125  12/06/2023  EUR  46.632
Region de Bruxe   0.900  4/14/2050   EUR  61.978
Pescanova SA      6.750  03/05/2015  EUR   0.319
Region of Centr   0.725  12/12/2039  EUR  70.735
Denmark Governm   0.250 11/15/2052   DKK  59.444
Republic of Aus   0.750  3/20/2051   EUR  67.752
BNP Paribas SA    1.000  1/23/2040   MXN  19.711
Kreditanstalt f   1.027  8/31/2046   EUR  77.503
Autonomous Comm   1.089 10/31/2049   EUR  60.165
Single Platform   1.048  2/15/2041   EUR  65.799
Region of Centr   0.668  11/02/2035  EUR  77.637
Deutsche Wohnen   2.125  9/26/2033   EUR  76.561
Single Platform   0.815  04/01/2042  EUR  59.510
DZ Bank AG Deut   0.550  09/09/2036  EUR  74.952
Muenchener Hypo   1.185  05/05/2059  EUR  71.173
Region Occitani   1.282  5/25/2040   EUR  77.841
Ukraine Governm  15.500  09/04/2024  UAH  77.399
Getin Noble Ban  10.930  4/29/2024   PLN  31.875
BPCE SA           1.980  10/06/2030  AUD  73.303
Lehman Brothers  10.000  6/17/2009   USD   0.100
Swiss Confedera   0.500  5/30/2058   CHF  71.568
Credit Industri   2.060  03/07/2036  EUR  73.153
Turkey Governme  10.500  08/11/2027  TRY  74.000
Ukraine Governm  11.890  05/06/2026  UAH  62.270
Ukraine Governm  11.780  06/03/2026  UAH  61.758
Getin Noble Ban   7.230  7/26/2024   PLN  40.612
Barclays Bank P  13.810  4/16/2024   TRY  59.536
Lehman Brothers   5.103  6/22/2046   EUR   0.100
Northland Resou   4.000 10/15/2020   USD   0.271
Credit Industri   0.805  9/21/2033   EUR  69.072
Societe General   2.200 12/17/2040   USD  59.290
Ukraine Governm   3.900  3/30/2023   USD  62.404
UBS AG/London     5.500  07/04/2022  CHF  74.850
UniCredit Bank    5.500  8/14/2023   EUR  72.000
Vontobel Financ   5.500  1/29/2024   EUR  72.020
Erste Group Ban   6.250  02/01/2026  EUR  72.550
VTB Bank PJSC     0.010  12/02/2025  RUB  56.530
UBS AG/London     8.250  07/07/2022  CHF  49.200
UBS AG/London     8.750  01/09/2023  CHF  31.500
UBS AG/London     8.250  07/07/2022  CHF  61.550
UBS AG/London    11.250  01/09/2023  CHF  65.750
UBS AG/London     8.250  07/07/2022  CHF  49.150
UBS AG/London    16.250  07/07/2022  CHF  28.140
UBS AG/London    16.300  01/08/2024  EUR  11.060
Zurcher Kantona   8.500  6/28/2022   USD  61.800
Leonteq Securit   9.000  6/30/2022   CHF  58.350
Bank Vontobel A   7.760  6/27/2022   CHF  51.900
Bank Vontobel A   8.252  6/27/2022   CHF  51.500
Bank Vontobel A   6.254  6/30/2022   CHF  56.100
UBS AG/London    10.500  6/30/2022   CHF  56.100
Sberbank of Rus   0.010  01/05/2024  RUB  51.150
UBS AG/London    15.500  6/30/2022   CHF  45.800
Republic of Udm   6.400 12/28/2025   RUB  61.020
Bank Vontobel A   7.758  01/09/2023  CHF  63.300
UBS AG/London    13.500  07/07/2022  CHF  49.650
UBS AG/London    10.750  07/07/2022  EUR  62.400
UBS AG/London     9.750  6/30/2022   CHF  29.960
UniCredit Bank    4.100  08/02/2023  EUR  64.530
Promsvyazbank P   0.010 12/14/2022   RUB  60.050
DekaBank Deutsc   1.000  1/20/2025   EUR  27.760
Sberbank of Rus   0.010 12/17/2025   RUB  73.400
UBS AG/London     6.250 12/23/2022   CHF  36.400
DekaBank Deutsc   2.500  02/02/2024  EUR  35.390
EFG Internation   7.000 12/29/2022   USD  14.220
Sberbank of Rus   0.010 12/22/2025   RUB  74.900
Sberbank of Rus   0.010 12/23/2024   RUB  86.610
Leonteq Securit  12.000  6/28/2022   CHF  69.000
Leonteq Securit   8.000  6/28/2022   CHF  53.470
DekaBank Deutsc   2.850  02/03/2023  EUR  66.990
Landesbank Hess   1.000  3/20/2035   EUR  72.150
EFG Internation   4.900 12/28/2023   USD  50.960
Leonteq Securit  10.000  6/28/2022   CHF  53.970
Leonteq Securit  10.000  6/28/2022   CHF  48.480
Rosselkhozbank    0.010 12/24/2023   RUB  65.020
UBS AG/London    12.750  01/03/2023  CHF  68.800
SG Issuer SA      4.950  01/10/2025  EUR  65.450
Sberbank of Rus   0.010 12/17/2025   RUB  74.500
Landesbank Hess   2.000  04/09/2035  EUR  71.850
Sberbank of Rus   1.550  09/12/2023  RUB  75.000
Zurcher Kantona   9.000  6/28/2022   CHF  55.220
EFG Internation   6.000 12/22/2023   USD  35.590
DZ Bank AG Deut   2.340 12/30/2030   EUR  74.460
Landesbank Bade   3.100  8/26/2022   EUR  41.940
Landesbank Bade   6.000  8/26/2022   EUR  32.580
Landesbank Bade   8.100  8/26/2022   EUR  29.000
Landesbank Bade   5.600  8/26/2022   EUR  74.620
Landesbank Bade   3.400  8/26/2022   EUR  72.490
Landesbank Bade   2.800  8/26/2022   EUR  46.770
Landesbank Bade   5.550  8/26/2022   EUR  38.640
Landesbank Bade   3.350  8/26/2022   EUR  74.810
Landesbank Bade   5.200  8/26/2022   EUR  67.850
Landesbank Bade   3.800  8/26/2022   EUR  74.530
Landesbank Bade   3.300  8/26/2022   EUR  74.230
Landesbank Bade   4.450  8/26/2022   EUR  68.800
Landesbank Bade   9.300  8/26/2022   EUR  70.960
Landesbank Bade   4.050  8/26/2022   EUR  25.110
Landesbank Bade   3.150  8/26/2022   EUR  53.640
Vontobel Financ   0.212  02/03/2023  EUR  50.500
Raiffeisen Swit   9.000  7/29/2022   CHF  51.990
UBS AG/London     9.000  02/03/2023  CHF  60.700
UBS AG/London     7.250  02/03/2023  CHF  59.950
UBS AG/London    14.250  02/03/2023  CHF  58.250
UBS AG/London    11.250  02/03/2023  CHF  62.100
UBS AG/London     8.000  02/03/2023  CHF  51.600
UBS AG/London    10.250  08/03/2022  CHF  51.950
UBS AG/London    15.000  08/03/2022  CHF  42.850
Raiffeisen Swit  10.100  02/08/2023  CHF  56.200
Leonteq Securit   9.000  02/08/2023  CHF  52.160
Citigroup Globa  12.379 11/13/2023   SEK  66.220
UniCredit Bank    4.000 11/21/2022   EUR  36.670
Landesbank Bade   2.650 10/27/2023   EUR  59.820
SG Issuer SA      7.000  7/20/2023   SEK  68.240
BNP Paribas Iss   6.310  07/05/2023  SEK  61.310
DZ Bank AG Deut   2.380 12/27/2028   EUR  75.255
Nordea Bank Abp   6.470  1/22/2024   SEK  67.870
Landesbank Bade   3.250 12/23/2022   EUR  54.800
Danske Bank A/S   8.050  07/09/2023  SEK  62.890
BNP Paribas Iss   3.000  01/08/2024  SEK  62.440
DekaBank Deutsc   3.350 11/28/2022   EUR  60.860
Vontobel Financ   3.000  09/05/2023  EUR  64.040
Landesbank Bade   2.150 12/23/2022   EUR  57.400
Zurcher Kantona   8.000  07/01/2022  CHF  54.100
Zurcher Kantona  17.250  07/01/2022  CHF  74.570
Zurcher Kantona  18.000  07/01/2022  USD  66.270
Zurcher Kantona   6.250  10/05/2022  CHF  73.380
Zurcher Kantona   9.000  07/05/2022  EUR  70.820
Bank Julius Bae   4.000  6/26/2023   CHF  70.050
Societe General   5.000  7/22/2022   EUR  70.700
Societe General   7.000  7/22/2022   EUR  66.250
Societe General  12.750  7/22/2022   EUR  70.660
Societe General   8.750  7/22/2022   EUR  63.500
Societe General   8.500  7/22/2022   EUR  64.150
Societe General   3.750  7/22/2022   EUR  74.730
Societe General   5.750  7/22/2022   EUR  68.920
Societe General   8.000  7/22/2022   EUR  69.410
Societe General   9.000  7/22/2022   EUR  67.470
Societe General   7.750  7/22/2022   EUR  67.420
Societe General   8.750  7/22/2022   EUR  65.830
Societe General   3.250  7/22/2022   EUR  73.620
Societe General   8.000  7/22/2022   EUR  64.570
Societe General   9.000  7/22/2022   EUR  62.910
Societe General  10.000  7/22/2022   EUR  67.500
Societe General   4.000  7/22/2022   EUR  61.930
Societe General   8.000  7/22/2022   EUR  46.730
Societe General   7.000  7/22/2022   EUR  69.160
Societe General   9.000  7/22/2022   EUR  63.720
Societe General  13.000  7/22/2022   EUR  56.510
Societe General   6.250  7/22/2022   EUR  63.410
Societe General   8.250  7/22/2022   EUR  59.220
Bank Julius Bae   9.000  6/27/2022   CHF  50.600
Leonteq Securit   8.000  6/28/2023   CHF  59.170
Leonteq Securit  16.000  6/28/2022   CHF  20.110
Leonteq Securit  18.000  9/28/2022   CHF  47.440
Corner Banca SA  14.000  9/28/2022   CHF  48.030
Corner Banca SA  17.000  6/28/2022   EUR  52.390
Leonteq Securit  17.000  6/28/2022   CHF  27.030
Leonteq Securit  14.000 12/28/2022   CHF  30.320
Raiffeisen Schw  12.000 12/28/2022   CHF  66.130
Leonteq Securit   8.000 12/28/2022   CHF  68.990
Leonteq Securit   6.400  6/28/2023   CHF  51.180
Leonteq Securit  12.000  9/28/2022   CHF  65.830
Leonteq Securit  12.000  6/28/2022   CHF  17.190
Leonteq Securit   8.000 12/28/2022   EUR  72.360
Leonteq Securit  13.000  6/28/2022   EUR  68.950
Leonteq Securit  17.000  6/28/2022   USD  23.660
Leonteq Securit   9.000 12/28/2022   USD  69.440
Raiffeisen Schw  12.000  6/29/2022   CHF  48.420
Raiffeisen Schw  13.000  6/29/2022   CHF  38.680
Raiffeisen Schw  10.000  6/29/2022   CHF  47.550
Raiffeisen Schw  20.000  6/29/2022   CHF  26.710
Raiffeisen Schw  11.000  6/29/2022   CHF  47.840
Raiffeisen Schw   7.200 12/29/2022   USD  74.550
EFG Internation  11.780  07/11/2022  USD  55.190
DZ Bank AG Deut  10.750  9/21/2022   EUR  45.260
DZ Bank AG Deut   8.500  9/21/2022   EUR  58.250
DZ Bank AG Deut   6.750  9/21/2022   EUR  57.290
DZ Bank AG Deut   9.000  9/21/2022   EUR  57.810
DZ Bank AG Deut  11.000  9/21/2022   EUR  58.280
DZ Bank AG Deut   6.250  9/21/2022   EUR  64.930
DZ Bank AG Deut   6.000  9/21/2022   EUR  65.840
DZ Bank AG Deut   6.500  9/21/2022   EUR  64.630
DZ Bank AG Deut   5.000  9/21/2022   EUR  70.600
DZ Bank AG Deut   5.750  9/21/2022   EUR  69.410
DZ Bank AG Deut   6.000  9/21/2022   EUR  61.660
DZ Bank AG Deut   6.250  9/21/2022   EUR  75.830
DZ Bank AG Deut   5.000  9/21/2022   EUR  67.280
Vontobel Financ   4.150  7/18/2023   EUR  56.040
Vontobel Financ   4.000  7/18/2023   EUR  66.950
Vontobel Financ   9.400 12/30/2022   CHF  36.130
Erste Group Ban  10.750  08/02/2022  EUR  45.500
Erste Group Ban   5.500  08/02/2025  EUR  60.800
Zurcher Kantona   7.000  01/09/2023  CHF  69.680
Zurcher Kantona   8.000  07/07/2022  EUR  69.650
Leonteq Securit   7.030  6/28/2023   CHF  57.820
UniCredit Bank   10.100  7/27/2022   EUR  35.980
UniCredit Bank    6.300  7/27/2022   EUR  36.760
UniCredit Bank    9.800  7/27/2022   EUR  55.900
UniCredit Bank    9.250  7/27/2022   EUR  58.710
Zurcher Kantona   6.500  1/13/2023   CHF  65.110
Zurcher Kantona  10.000  07/07/2022  CHF  60.920
Zurcher Kantona   5.000  1/13/2023   CHF  63.200
Zurcher Kantona  15.750  07/08/2022  USD  32.090
Bank Vontobel A   6.500  6/26/2023   CHF  49.700
Bank Vontobel A   6.502  6/26/2023   CHF  49.800
Bank Vontobel A   8.005 12/27/2022   CHF  55.200
Bank Vontobel A   6.000 12/27/2022   CHF  74.600
Bank Vontobel A   7.000 12/27/2022   CHF  53.400
Bank Vontobel A   5.750  6/26/2023   CHF  64.100
UniCredit Bank    4.650  7/30/2024   EUR  73.370
UniCredit Bank    3.950  7/30/2024   EUR  75.260
Zurcher Kantona  10.400  07/08/2022  CHF  50.180
Landesbank Bade   2.000  7/22/2022   EUR  59.840
Landesbank Bade   3.000  5/26/2023   EUR  51.620
Landesbank Hess   1.000  3/17/2036   EUR  70.250
Bank Vontobel A   8.008  08/05/2022  EUR  39.600
Bank Vontobel A  11.002  08/10/2022  CHF  60.200
Nordea Bank Abp   7.110  7/20/2023   SEK  67.870
UniCredit Bank    3.500  8/24/2022   EUR  43.450
UniCredit Bank    4.200  8/24/2022   EUR  54.430
SG Issuer SA      9.000  7/20/2023   SEK  63.250
Landesbank Bade   2.300  9/23/2022   EUR  63.080
TransFin-M PAO   15.650  02/04/2027  RUB  61.000
EFG Internation   6.200  2/20/2023   CHF  71.060
Raiffeisen Schw   4.600  2/20/2023   CHF  68.420
EFG Internation   8.160  2/26/2025   EUR  61.950
Leonteq Securit   6.000  2/20/2023   CHF  49.260
Leonteq Securit   6.800  2/20/2023   CHF  60.930
Credit Suisse A   6.000  8/22/2022   CHF  64.920
Leonteq Securit   5.040  2/21/2023   CHF  62.860
Raiffeisen Schw   4.500  2/21/2023   CHF  67.610
Raiffeisen Schw   6.000  8/24/2022   CHF  66.240
BNP Paribas Iss   7.050  01/05/2024  SEK  71.070
Citigroup Globa   7.200  5/24/2023   SEK #N/A N/A
UniCredit Bank    6.600  7/20/2028   EUR  25.710
Landesbank Bade   3.000  6/23/2023   EUR  53.370
Landesbank Bade   3.000  8/25/2023   EUR  50.290
SG Issuer SA      3.100  5/18/2028   EUR  67.310
Landesbank Bade   2.300  9/23/2022   EUR  62.470
VTB Bank PJSC     0.010  11/11/2025  RUB  48.950
VTB Bank PJSC     0.010 11/18/2025   RUB  53.400
VTB Bank PJSC     0.010 12/15/2023   RUB  87.390
Raiffeisen Swit   4.000  8/30/2022   CHF  28.070
Landesbank Bade   3.000  9/23/2022   EUR  46.790
UniCredit Bank    4.250  9/14/2022   EUR  66.460
Landesbank Bade   2.700  9/22/2023   EUR  54.770
Landesbank Hess   1.000  9/13/2034   EUR  75.800
Raiffeisen Schw   5.400  8/17/2022   CHF  67.720
Specialized Fin  15.342  2/15/2031   RUB  70.000
TransFin-M PAO   10.500  6/28/2027   RUB  60.000
Leonteq Securit   4.000  08/10/2022  CHF  54.260
Skandinaviska E   8.300  7/17/2023   SEK  57.280
UniCredit Bank    3.700  6/25/2022   EUR  41.820
Landesbank Bade   2.500  8/25/2023   EUR  48.940
Landesbank Bade   2.750  9/23/2022   EUR  48.140
TKK OOO          10.012 12/31/2033   RUB  60.100
UniCredit Bank    3.000  11/12/2022  EUR  51.640
TKK OOO          10.908 12/31/2033   RUB  60.100
Landesbank Bade   3.250  2/24/2023   EUR  57.680
Raiffeisen Cent  10.000  3/24/2023   EUR  48.160
Bank Vontobel A   9.008  8/19/2022   CHF  57.200
Bank Vontobel A  10.508  8/19/2022   CHF  43.900
Bank Vontobel A  10.507  8/19/2022   CHF  43.900
Leonteq Securit  15.000  8/19/2022   CHF  40.310
Leonteq Securit  12.400  8/19/2022   EUR  53.320
Leonteq Securit   9.000  08/11/2022  CHF  55.990
Leonteq Securit  15.740  08/10/2022  USD  19.110
Leonteq Securit   8.000  08/12/2022  CHF  56.940
Leonteq Securit  10.000  08/12/2022  CHF  41.430
Raiffeisen Swit   7.200  2/15/2023   CHF  58.150
DekaBank Deutsc   2.900  3/17/2023   EUR  68.500
Zurcher Kantona   7.000  10/06/2022  USD  73.630
Zurcher Kantona   8.750  07/01/2022  CHF  65.550
Societe General   6.000  7/22/2022   EUR  68.300
Societe General   6.750  7/22/2022   EUR  66.860
Societe General   7.750  7/22/2022   EUR  65.040
Societe General  12.000  7/22/2022   EUR  39.560
Societe General  14.000  7/22/2022   EUR  37.070
Societe General   6.500  7/22/2022   EUR  69.080
Societe General  10.500  7/22/2022   EUR  60.560
Societe General   4.750  7/22/2022   EUR  71.510
Societe General   7.000  7/22/2022   EUR  71.600
Societe General  10.000  7/22/2022   EUR  65.690
Societe General  11.000  7/22/2022   EUR  64.020
Societe General   7.250  7/22/2022   EUR  68.350
Societe General   8.250  7/22/2022   EUR  66.560
Societe General   9.250  7/22/2022   EUR  65.060
Societe General   4.250  7/22/2022   EUR  69.460
Societe General   5.250  7/22/2022   EUR  66.090
Societe General   8.000  7/22/2022   EUR  71.420
Societe General   6.000  7/22/2022   EUR  52.590
Societe General  10.000  7/22/2022   EUR  42.620
Societe General  11.000  7/22/2022   EUR  59.790
Societe General   7.250  7/22/2022   EUR  61.150
Bank Julius Bae  11.000  6/27/2022   CHF  22.350
UniCredit Bank    4.650  09/11/2023  EUR  63.180
Leonteq Securit   6.000  8/17/2022   CHF  67.650
EFG Internation   4.900  11/10/2023  USD  58.560
UBS AG/London    10.500  11/11/2022  CHF  58.450
UniCredit Bank    5.250  12/01/2023  EUR  35.130
Epito-Es Epulet   3.000  11/11/2030  HUF  65.500
Sberbank of Rus   0.010 10/28/2024   RUB  89.010
Sberbank of Rus   0.010  11/05/2025  RUB  73.600
Bank Vontobel A   6.006 11/14/2022   EUR  68.800
Sberbank of Rus   0.010 10/31/2025   RUB  75.500
Sberbank of Rus   0.010 11/20/2025   RUB  71.020
Sberbank of Rus   0.010 11/24/2025   RUB  78.910
Mostotrest PJSC   0.010  7/29/2026   RUB  56.950
Sberbank of Rus   0.010  11/12/2025  RUB  74.200
EFG Internation   7.500  5/19/2023   CHF  65.080
UBS AG/London    12.250 11/18/2022   EUR  31.500
Landesbank Bade   2.200  1/27/2023   EUR  24.450
DekaBank Deutsc   3.250  08/11/2023  EUR  47.950
DekaBank Deutsc   3.100  7/22/2022   EUR  46.700
DekaBank Deutsc   3.250  7/22/2022   EUR  78.580
DekaBank Deutsc   3.400  7/22/2022   EUR  63.310
DekaBank Deutsc   2.800 10/20/2023   EUR  32.000
Nordea Bank Abp   4.100  7/20/2023   SEK  50.500
UniCredit Bank    3.100  5/28/2023   EUR  61.460
Deutsche Bank A   2.200  4/14/2023   EUR  74.020
Landesbank Bade   2.400  7/22/2022   EUR  60.870
Leonteq Securit  11.000  08/05/2022  CHF  50.290
UniCredit Bank    5.750  2/26/2024   EUR  47.870
EFG Internation   6.500  02/09/2024  USD  76.330
Bank Vontobel A   8.002  08/05/2022  EUR  39.600
SG Issuer SA      8.300  7/21/2025   SEK  39.610
Leonteq Securit   5.400  7/25/2022   CHF  49.830
Landesbank Bade   2.500  8/25/2023   EUR  52.790
UniCredit Bank    3.350  9/14/2022   EUR  56.540
UniCredit Bank    4.550  9/28/2023   EUR  58.750
UniCredit Bank    3.750  9/14/2022   EUR  44.540
AKB Peresvet ZA   0.510  2/14/2032   RUB  13.000
UniCredit Bank    4.200  9/21/2022   EUR  37.920
Landesbank Bade   2.650  9/22/2023   EUR  54.910
SG Issuer SA      1.500 10/19/2033   EUR  77.870
Landesbank Bade   2.200 12/23/2022   EUR  63.800
Landesbank Bade   3.000 12/23/2022   EUR  50.260
Vasutvillamosit   3.000  02/03/2031  HUF  65.000
Raiffeisen Swit   7.500  02/08/2023  CHF  53.690
Raiffeisen Swit  11.000  08/05/2022  EUR  54.980
UBS AG/London    13.000  05/06/2024  USD  35.460
EFG Internation  13.000  11/07/2022  CHF  62.340
Leonteq Securit   6.700  11/04/2022  USD  46.950
Credit Suisse A   8.000  08/05/2022  EUR  62.140
Credit Suisse A   8.000  11/07/2022  USD  70.060
UBS AG/London     9.500  11/07/2022  CHF  60.800
UBS AG/London    12.750  11/07/2022  USD  39.600
UBS AG/London    12.750  11/07/2022  CHF  60.300
UBS AG/London    10.500  11/07/2022  CHF  53.800
UBS AG/London    10.250  11/07/2022  CHF  53.800
UBS AG/London    11.000  05/05/2023  CHF  59.150
UBS AG/London    12.750  11/07/2022  CHF  69.800
UBS AG/London     5.250  05/05/2023  CHF  63.100
UBS AG/London    14.500  11/07/2022  CHF  27.280
UBS AG/London    19.250  11/07/2022  CHF  65.800
Sberbank of Rus   0.010  05/07/2026  RUB  74.400
Luzerner Kanton   6.000  05/10/2023  CHF  57.450
Sberbank of Rus   0.010  05/10/2028  RUB  62.400
Bank Julius Bae   9.000  11/07/2022  USD  52.200
Vontobel Financ   7.450  05/09/2023  EUR  69.410
Leonteq Securit  11.000  11/07/2022  CHF  72.480
Bank Julius Bae   8.650  08/05/2022  USD  66.450
EFG Internation   5.000  05/11/2023  EUR  79.780
DekaBank Deutsc   5.100  06/04/2024  EUR  65.930
Leonteq Securit  11.200  11/07/2022  CHF  74.760
Leonteq Securit   7.000  11/07/2022  CHF  64.340
Leonteq Securit  14.000  08/10/2022  CHF  63.260
Leonteq Securit  10.000  11/07/2022  CHF  57.130
Leonteq Securit  10.000  08/10/2022  CHF  68.860
Leonteq Securit   8.000  11/07/2022  CHF  61.570
Leonteq Securit  11.000  08/10/2022  CHF  41.630
Zurcher Kantona   8.500  11/10/2022  EUR  60.040
Zurcher Kantona   8.500  11/10/2022  CHF  59.820
Bank Julius Bae   6.550  05/10/2023  CHF  65.250
Zurcher Kantona   7.000  08/10/2022  USD  48.780
DZ Bank AG Deut   4.800  9/19/2022   EUR  70.060
DZ Bank AG Deut   5.400  9/19/2022   EUR  68.810
Corner Banca SA  16.000  08/10/2022  EUR  42.350
Zurcher Kantona  10.000  5/19/2023   CHF  60.190
Zurcher Kantona   9.100  05/11/2023  CHF  59.190
UniCredit Bank    6.500  9/15/2022   EUR  20.290
Zurcher Kantona   7.000  11/11/2022  CHF  60.660
UniCredit Bank    7.300  6/14/2024   EUR  50.720
UniCredit Bank    5.300  6/14/2024   EUR  68.180
Bank Vontobel A   6.508  05/08/2023  CHF  77.700
Bank Vontobel A  15.010  08/08/2022  USD  21.600
Bank Vontobel A  14.257  08/08/2022  CHF  21.700
DZ Bank AG Deut  15.200  9/23/2022   EUR  68.920
DZ Bank AG Deut   8.900  9/23/2022   EUR  69.290
DZ Bank AG Deut   6.700  9/23/2022   EUR  71.660
DZ Bank AG Deut   8.600  9/23/2022   EUR  67.980
DZ Bank AG Deut  10.800  9/23/2022   EUR  64.830
DZ Bank AG Deut   5.500  9/23/2022   EUR  70.320
DZ Bank AG Deut   7.100  9/23/2022   EUR  66.070
DZ Bank AG Deut   9.100  9/23/2022   EUR  62.480
DZ Bank AG Deut  11.200  9/23/2022   EUR  59.380
DZ Bank AG Deut   5.600  9/23/2022   EUR  67.770
DZ Bank AG Deut  10.500  9/23/2022   EUR  70.730
DZ Bank AG Deut   5.000  9/23/2022   EUR  76.350
DZ Bank AG Deut   6.500  9/23/2022   EUR  72.930
DZ Bank AG Deut  10.200  9/23/2022   EUR  67.270
DZ Bank AG Deut   7.100  9/23/2022   EUR  71.130
DZ Bank AG Deut   9.500  9/23/2022   EUR  65.430
DZ Bank AG Deut   6.000  9/23/2022   EUR  66.490
DZ Bank AG Deut   8.300  9/23/2022   EUR  62.340
DZ Bank AG Deut  10.800  9/23/2022   EUR  58.980
DZ Bank AG Deut   6.800  9/23/2022   EUR  72.830
DZ Bank AG Deut   7.800  9/23/2022   EUR  70.220
DZ Bank AG Deut   9.000  9/23/2022   EUR  67.870
DZ Bank AG Deut  11.400  9/23/2022   EUR  63.720
DZ Bank AG Deut  13.300  9/23/2022   EUR  64.110
DZ Bank AG Deut  19.000  9/23/2022   EUR  36.720
DZ Bank AG Deut   8.700  9/23/2022   EUR  71.660
DZ Bank AG Deut  11.700  9/23/2022   EUR  66.070
DZ Bank AG Deut   4.500  9/23/2022   EUR  71.090
DZ Bank AG Deut  12.200  9/23/2022   EUR  60.820
DZ Bank AG Deut  13.000  9/23/2022   EUR  71.620
DZ Bank AG Deut   5.000  9/19/2022   EUR  64.610
DZ Bank AG Deut   6.250  9/19/2022   EUR  73.210
DZ Bank AG Deut   6.500  9/19/2022   EUR  75.840
EFG Internation  15.000 11/14/2022   EUR  67.490
Credit Suisse A   8.000  08/12/2022  CHF  74.360
UBS AG/London    14.750 11/14/2022   CHF  31.900
UBS AG/London    10.500 11/14/2022   CHF  30.350
UBS AG/London    11.250 11/14/2022   CHF  49.500
UBS AG/London     6.500 11/14/2022   CHF  61.050
UBS AG/London     5.500  05/12/2023  EUR  74.350
UBS AG/London     6.000 11/14/2022   EUR  73.950
UBS AG/London    11.750 11/14/2022   CHF  31.150
Corner Banca SA  15.000 11/21/2022   USD  33.890
Leonteq Securit  10.000 11/21/2022   CHF  61.000
Leonteq Securit  13.000 11/21/2022   USD  41.570
Leonteq Securit   9.000 11/21/2022   CHF  34.800
UniCredit Bank    4.350  6/14/2024   EUR  76.220
Vontobel Financ   4.550 11/14/2022   EUR  71.230
Leonteq Securit   1.650  1/25/2023   EUR  69.040
Leonteq Securit   7.450  1/25/2023   EUR  41.690
Luzerner Kanton   8.000  08/04/2022  CHF  69.710
EFG Internation   4.750  1/29/2024   USD  48.330
UniCredit Bank    3.450  04/02/2024  EUR  63.130
Credit Suisse A   6.000  08/08/2022  CHF  68.210
Bayerische Land   1.550  2/23/2024   EUR  69.670
Sberbank of Rus   0.010  02/06/2023  RUB  90.000
Sberbank of Rus   0.010  8/25/2025   RUB  50.000
Landesbank Hess   1.000  10/01/2035  EUR  74.150
Leonteq Securit   0.010 10/16/2023   EUR  68.050
UBS AG/London    14.500 10/17/2022   USD  28.200
EFG Internation   4.900 10/16/2023   USD  56.660
EFG Internation   4.900 10/20/2023   USD  53.520
Sberbank of Rus   0.010 10/23/2025   RUB  73.200
Zurcher Kantona   6.300 12/16/2022   CHF  39.120
Leonteq Securit   7.600  1/23/2023   CHF  47.880
Danske Bank A/S   6.860  07/09/2022  SEK  25.870
DekaBank Deutsc   2.000  02/10/2023  EUR  67.140
Raiffeisen Schw   6.900  7/27/2022   CHF  70.860
Leonteq Securit   7.400  1/24/2023   CHF  74.330
Corner Banca SA   5.250  1/24/2023   CHF  72.200
Sberbank of Rus   0.010  1/27/2025   RUB  70.000
DekaBank Deutsc   3.500  2/24/2023   EUR  62.520
Leonteq Securit   4.750  7/28/2022   CHF  73.650
Leonteq Securit   7.000  7/28/2022   USD  74.240
EFG Internation  11.800  02/04/2025  USD  76.620
Credit Suisse A   6.200  7/29/2022   CHF  67.740
Bank Julius Bae   8.350  1/30/2023   CHF  62.350
UniCredit Bank    7.600  2/19/2024   EUR  73.240
Raiffeisen Schw   7.200  1/31/2023   CHF  72.270
Leonteq Securit   6.400  1/31/2023   CHF  70.750
Raiffeisen Schw   6.900  08/03/2022  CHF  68.960
Sberbank of Rus   1.351  08/03/2023  RUB  80.000
Skandinaviska E   5.800  1/15/2025   SEK  50.810
Skandinaviska E   6.000  1/15/2025   SEK  41.950
Societe General  10.000  03/02/2023  USD  71.400
EFG Internation   7.000  08/10/2023  CHF  71.770
EFG Internation   4.900  9/21/2023   USD  58.460
VTB Bank PJSC     0.010  9/22/2023   RUB  70.630
Sberbank of Rus   0.010  9/22/2025   RUB  74.250
SFO VTB Investm   0.010 11/13/2023   RUB  72.810
Leonteq Securit   5.400  10/03/2022  CHF  74.760
Sberbank of Rus   0.010  10/04/2024  RUB  73.030
Raiffeisen Schw   5.400  10/04/2022  CHF  74.600
Raiffeisen Schw   6.000  10/04/2022  CHF  74.840
Nordea Bank Abp   5.813  7/20/2024   SEK  46.600
Nordea Bank Abp   7.450  7/20/2024   SEK  45.280
DekaBank Deutsc   3.200  11/04/2022  EUR  63.590
UBS AG/London     6.750  10/10/2022  CHF  74.150
EFG Internation  10.060 10/14/2022   USD  68.510
Landesbank Bade   3.600  6/23/2023   EUR  50.400
UniCredit Bank    4.150  05/08/2023  EUR  60.040
UniCredit Bank    4.900  5/22/2023   EUR  61.690
TKK OOO           8.200  9/23/2033   RUB  60.100
TKK OOO           8.700  9/20/2046   RUB  60.100
UniCredit Bank    4.250  6/28/2022   EUR  39.640
Landesbank Hess   1.500 12/16/2036   EUR  75.000
Vontobel Financ  12.250  6/28/2022   EUR  65.030
UniCredit Bank    3.850  6/28/2022   EUR  48.730
UniCredit Bank    3.600  6/28/2022   EUR  73.650
UniCredit Bank    3.800  6/28/2022   EUR  38.390
Bank Julius Bae  13.000 11/30/2022   EUR  61.700
UBS AG/London     7.500  08/10/2022  CHF  70.000
UBS AG/London     7.750  08/10/2022  CHF  18.100
UBS AG/London     5.250  08/10/2022  CHF  53.000
UBS AG/London     9.750  02/10/2023  USD  75.250
UBS AG/London    13.750  08/10/2022  CHF  68.950
UBS AG/London    14.250  08/10/2022  USD  28.240
EFG Internation   4.500  02/12/2024  USD  46.140
Skandinaviska E   9.020  7/17/2023   SEK  54.810
SG Issuer SA      4.000  6/22/2026   EUR  65.000
Landesbank Bade   3.000  9/23/2022   EUR  51.890
UniCredit Bank    4.200  7/26/2022   EUR  17.480
UniCredit Bank    4.450  7/23/2022   EUR  49.250
UniCredit Bank    4.150  7/26/2022   EUR  39.540
UniCredit Bank    3.650  7/23/2022   EUR  40.660
Skandinaviska E  10.360  7/17/2023   SEK  65.070
Landesbank Bade   2.500  8/25/2023   EUR  51.830
UniCredit Bank    3.000  08/03/2023  EUR  67.840
UniCredit Bank    5.350  2/27/2023   EUR  43.030
Landesbank Bade   2.700 10/28/2022   EUR  47.170
UniCredit Bank    4.400  12/10/2022  EUR  68.970
Landesbank Bade   1.500  4/16/2039   EUR  74.020
Citigroup Globa   8.200  3/21/2024   SEK  64.480
Leonteq Securit  10.000 11/14/2022   CHF  64.310
Leonteq Securit  13.000 11/17/2022   USD  43.490
Corner Banca SA  11.000 11/17/2022   EUR  62.470
Leonteq Securit   9.000 11/17/2022   CHF  55.260
Leonteq Securit   8.000  5/17/2023   CHF  62.340
Leonteq Securit  10.000 11/14/2022   EUR  64.820
Corner Banca SA  11.000 11/17/2022   USD  62.450
Leonteq Securit  10.000  8/17/2022   CHF  27.410
Bank Vontobel A  11.008 11/14/2022   CHF  53.800
Leonteq Securit  10.000 11/17/2022   USD  66.420
Leonteq Securit   8.500 11/14/2022   EUR  66.730
Leonteq Securit   8.500 11/17/2022   CHF  66.210
Raiffeisen Schw  12.000  8/17/2022   CHF  53.290
Raiffeisen Schw   5.500  5/17/2023   CHF  78.640
Raiffeisen Schw   6.500 11/17/2023   CHF  61.790
Bank Vontobel A  14.505 11/14/2022   EUR  56.300
Bank Vontobel A  14.505 11/14/2022   EUR  56.300
Goldman Sachs &   8.000 12/21/2022   EUR  69.180
DZ Bank AG Deut   8.500  9/21/2022   EUR  68.110
DZ Bank AG Deut   6.250  9/21/2022   EUR  61.240
DZ Bank AG Deut   5.000  9/21/2022   EUR  62.500
DZ Bank AG Deut   5.750  9/21/2022   EUR  72.990
DZ Bank AG Deut   5.250  9/21/2022   EUR  71.710
DZ Bank AG Deut   7.000  9/21/2022   EUR  66.820
Corner Banca SA   6.500 11/21/2022   CHF  34.610
Corner Banca SA   7.600 11/18/2022   USD  34.600
UBS AG/London     7.250 11/21/2022   CHF  65.150
UBS AG/London    10.250 11/21/2022   CHF  30.150
UBS AG/London     5.250  5/19/2023   CHF  68.000
UBS AG/London    19.250 11/21/2022   CHF  75.500
UBS AG/London     8.000  5/18/2023   EUR  75.200
UBS AG/London     8.250 11/21/2022   CHF  49.750
Bank Vontobel A   7.004 11/14/2022   CHF  51.900
Bank Vontobel A   9.256 11/14/2022   CHF  61.600
Bank Vontobel A   9.003 11/14/2022   CHF  46.700
Bank Vontobel A   5.755  5/15/2023   CHF  60.300
Bank Vontobel A  12.004  8/15/2022   CHF  51.100
EFG Internation  13.000 11/14/2022   CHF  33.490
Raiffeisen Cent   6.500  06/09/2023  EUR  50.540
Leonteq Securit  12.500  8/25/2022   CHF  53.910
Leonteq Securit  10.000 11/21/2022   EUR  66.300
EFG Internation   8.000 11/21/2022   CHF  65.750
Raiffeisen Swit   3.600 11/20/2023   CHF  72.000
EFG Internation  17.000 11/21/2022   EUR  57.070
Leonteq Securit   5.050  06/02/2023  EUR  50.460
EFG Internation  14.000 11/21/2022   CHF  22.620
Leonteq Securit  14.200  09/01/2022  CHF  27.730
Banque Cantonal   8.900 11/18/2022   CHF  74.250
Leonteq Securit  17.000  8/25/2022   CHF  52.260
Leonteq Securit  10.000  5/25/2023   EUR  64.890
Credit Suisse A  12.500  8/22/2022   CHF  47.210
Raiffeisen Swit  10.500  07/11/2024  USD  14.160
Landesbank Bade   3.000  8/26/2022   EUR  53.550
UBS AG/London     8.750  2/17/2023   CHF  74.350
Bank Vontobel A  10.506  8/19/2022   EUR  63.700
Bank Vontobel A   6.505  2/20/2023   EUR  56.000
Bank Vontobel A   7.756  8/19/2022   CHF  46.200
Bank Vontobel A  12.008  8/19/2022   CHF  27.200
Leonteq Securit   5.700  8/19/2022   USD  40.780
UniCredit Bank    4.350  7/31/2023   EUR  57.840
Leonteq Securit   8.310  7/19/2022   EUR  46.860
Citigroup Globa   5.000  08/01/2033  EUR  68.110
DekaBank Deutsc   2.400  5/17/2024   EUR  40.200
UBS AG/London     7.800  4/20/2026   EUR  57.910
Leonteq Securit  10.000  7/20/2022   CHF  30.650
Raiffeisen Cent   4.966  5/17/2023   EUR  62.350
Raiffeisen Cent   6.456  5/17/2023   EUR  71.770
DekaBank Deutsc   2.000  5/19/2023   EUR  71.100
Bank Vontobel A   7.501 10/16/2023   CHF  58.000
UniCredit Bank    4.300  8/15/2022   EUR  38.250
UBS AG/London     8.250 10/21/2022   CHF  56.900
UBS AG/London     7.000  4/21/2023   USD  52.050
UBS AG/London     9.000 10/21/2022   CHF  30.900
UBS AG/London    23.750 10/21/2022   USD  66.650
UBS AG/London    10.500  4/21/2023   CHF  30.100
EFG Internation   5.700  4/26/2023   USD  41.020
Bank Julius Bae   9.300  7/22/2022   USD  37.850
Leonteq Securit   8.000  4/26/2023   CHF  69.090
UniCredit Bank    1.550  7/18/2031   EUR  71.420
Raiffeisen Swit  12.000  7/19/2022   CHF  58.960
Raiffeisen Swit  12.000  7/19/2022   EUR  61.400
VTB Bank PJSC     0.010  05/01/2025  RUB  65.570
UniCredit Bank    4.900  5/14/2024   USD  75.010
Sberbank of Rus   0.010  4/22/2026   RUB  76.800
Sberbank of Rus   0.010  4/23/2026   RUB  70.600
Leonteq Securit  18.000  7/26/2022   CHF  66.300
Landesbank Bade   3.260  4/28/2023   EUR  76.430
Landesbank Bade   3.060  4/26/2024   EUR  75.600
Leonteq Securit   9.000 10/26/2022   EUR  61.170
Zurcher Kantona   8.500 10/26/2022   USD  74.470
Raiffeisen Cent   5.750  5/19/2023   EUR  48.540
Nordea Bank Abp   3.200  7/20/2026   SEK  70.870
EFG Internation   5.000  4/26/2023   USD  57.700
Raiffeisen Swit   6.750 10/26/2022   CHF  55.070
Raiffeisen Swit  12.000 10/26/2022   CHF  37.900
Raiffeisen Swit   8.000 10/26/2022   EUR  60.460
Landesbank Bade   2.650  1/27/2023   EUR  45.690
Societe General   7.000  8/26/2022   EUR  67.640
Societe General   8.000  8/26/2022   EUR  65.820
Societe General   7.750  8/26/2022   EUR  65.350
Societe General  10.000  8/26/2022   EUR  67.620
Societe General  11.250  7/22/2022   EUR  67.510
Societe General   5.750  8/26/2022   EUR  69.240
Societe General   4.500  8/26/2022   EUR  72.130
Societe General   6.500  8/26/2022   EUR  67.220
Societe General   7.500  8/26/2022   EUR  65.420
DZ Bank AG Deut   5.600  9/19/2022   EUR  62.920
DZ Bank AG Deut   5.000  9/19/2022   EUR  66.990
Leonteq Securit  20.000  7/26/2022   CHF  59.450
Leonteq Securit  10.000 10/26/2022   CHF  29.210
Leonteq Securit  12.000  1/26/2023   CHF  31.400
Leonteq Securit   8.000  1/26/2023   CHF  70.840
DZ Bank AG Deut   6.750  9/19/2022   EUR  73.890
Leonteq Securit   9.000  7/26/2023   USD  69.950
Zurcher Kantona   7.500  08/04/2022  CHF  71.860
Raiffeisen Schw  12.500  7/26/2022   CHF  27.840
Raiffeisen Schw   5.400  1/23/2023   CHF  79.440
Raiffeisen Schw  14.000  7/26/2022   CHF  52.400
Raiffeisen Schw   8.000  1/23/2023   CHF  59.720
Bank Julius Bae   8.250  7/27/2022   CHF  55.500
Bank Julius Bae   7.600 10/27/2022   CHF  64.000
Vontobel Financ  10.450  8/29/2022   EUR  40.030
Vontobel Financ   9.300  8/29/2022   EUR  75.370
DekaBank Deutsc   2.800  09/01/2023  EUR  43.430
DVM Constructio   3.000  7/29/2030   HUF  60.400
Landesbank Bade   3.100  8/26/2022   EUR  55.730
Landesbank Bade   4.100  8/26/2022   EUR  74.660
Landesbank Bade   3.500  8/26/2022   EUR  24.990
Landesbank Bade   5.450  8/26/2022   EUR  21.440
Landesbank Bade   3.100  8/26/2022   EUR  69.960
Landesbank Bade   3.250  8/26/2022   EUR  73.210
Sberbank of Rus   0.010  08/07/2025  RUB  78.100
SFO VTB Investm   0.010  03/10/2023  RUB  71.000
Bank Otkritie F   0.010  7/28/2023   RUB  83.010
Landesbank Bade   3.000 10/25/2024   EUR  30.190
Leonteq Securit   8.690  7/26/2023   CHF  62.860
Vontobel Financ   3.500  9/23/2022   EUR  52.120
Leonteq Securit  28.020  7/22/2022   CHF  55.120
Leonteq Securit  13.000  7/22/2022   CHF  50.880
UBS AG/London    12.000  1/16/2023   CHF  30.050
Raiffeisen Schw  16.000  7/19/2022   EUR  63.670
Raiffeisen Schw  12.000 10/19/2022   CHF  68.210
Raiffeisen Schw  11.000  7/19/2022   CHF  55.120
Raiffeisen Schw   8.000  7/19/2023   CHF  58.660
Raiffeisen Schw   6.000  7/19/2023   CHF  75.690
Sberbank of Rus   0.010  7/23/2026   RUB  70.200
Societe General   4.000  8/26/2022   EUR  65.440
Societe General   5.000  8/26/2022   EUR  62.330
Societe General   7.000  8/26/2022   EUR  57.770
Societe General   8.000  8/26/2022   EUR  56.000
Societe General   8.500  8/26/2022   EUR  65.010
Societe General  13.500  8/26/2022   EUR  33.910
Societe General   8.000  8/26/2022   EUR  75.520
Raiffeisen Cent   6.381  9/21/2022   EUR  66.420
Raiffeisen Cent   7.232  9/21/2022   EUR  66.190
Raiffeisen Cent  11.061  9/21/2022   EUR  70.050
Societe General  10.500  8/26/2022   EUR  69.610
Societe General  11.500  8/26/2022   EUR  67.970
Raiffeisen Cent   0.851  9/21/2022   EUR  57.510
Raiffeisen Cent   5.530  9/21/2022   EUR  60.540
Societe General  12.000  7/22/2022   EUR  65.140
Societe General   3.000  8/26/2022   EUR  69.700
Societe General   6.750  8/26/2022   EUR  70.820
Societe General  10.750  8/26/2022   EUR  61.300
Societe General   5.500  8/26/2022   EUR  47.310
Societe General   7.500  8/26/2022   EUR  42.010
Societe General   9.500  8/26/2022   EUR  38.460
Societe General  11.500  8/26/2022   EUR  35.900
DekaBank Deutsc   3.190  2/17/2023   EUR  69.290
Leonteq Securit  10.000  7/26/2022   CHF  59.510
Leonteq Securit   7.000  7/26/2023   CHF  70.210
Leonteq Securit  10.000 10/26/2022   CHF  50.340
Vontobel Financ   7.500  9/23/2022   EUR  63.470
Vontobel Financ   5.500  9/23/2022   EUR  68.860
Zurcher Kantona  10.000  08/03/2022  CHF  77.530
Zurcher Kantona  10.000  08/03/2022  CHF  57.030
Zurcher Kantona  12.500  08/03/2022  CHF  49.860
Vontobel Financ  11.200  7/26/2022   EUR  44.710
Zurcher Kantona  28.500  08/02/2022  USD  44.310
Zurcher Kantona  27.500  08/02/2022  CHF  57.750
Bank Julius Bae  10.000  7/26/2022   USD  56.600
Bank Vontobel A   5.500  1/22/2024   CHF  73.700
Bank Vontobel A   4.500  7/21/2023   CHF  71.200
Bank Vontobel A   9.500  1/23/2023   CHF  61.600
Bank Vontobel A   6.500  1/24/2023   CHF  56.700
Bank Vontobel A  12.500  1/24/2023   CHF  51.800
Bank Vontobel A  12.500  1/24/2023   CHF  52.100
BNP Paribas Emi   6.900  8/25/2022   EUR  70.690
Societe General   6.500  8/26/2022   EUR  68.680
Societe General   7.500  8/26/2022   EUR  66.730
Societe General   8.750  8/26/2022   EUR  63.820
Societe General   8.000  8/26/2022   EUR  71.410
Societe General   9.500  8/26/2022   EUR  65.740
Societe General   4.750  8/26/2022   EUR  71.710
Societe General   6.750  8/26/2022   EUR  67.090
Societe General   3.500  8/26/2022   EUR  75.760
Societe General   5.500  8/26/2022   EUR  69.440
Societe General   8.500  8/26/2022   EUR  63.880
DZ Bank AG Deut   4.800  9/19/2022   EUR  64.180
DZ Bank AG Deut   5.700  9/19/2022   EUR  65.740
DZ Bank AG Deut   6.500  9/19/2022   EUR  64.520
Corner Banca SA   8.200  7/26/2023   CHF  58.390
Corner Banca SA  10.000  1/23/2023   CHF  69.040
DZ Bank AG Deut   4.750  9/19/2022   EUR  70.750
DZ Bank AG Deut   8.250  9/19/2022   EUR  58.530
DZ Bank AG Deut   7.000  9/19/2022   EUR  60.180
Zurcher Kantona  11.000  08/03/2022  CHF  56.480
Raiffeisen Schw  10.000  7/26/2022   CHF  50.800
Raiffeisen Schw  13.500  7/26/2022   CHF  61.840
Raiffeisen Schw   9.500  1/26/2023   CHF  59.770
Raiffeisen Schw   8.500  1/23/2023   CHF  67.620
Raiffeisen Schw   9.000  1/23/2023   CHF  76.900
Raiffeisen Schw   7.000  1/23/2023   CHF  71.580
Bank Julius Bae   6.400 10/27/2022   CHF  68.800
Zurcher Kantona  21.500  08/03/2022  CHF  72.450
Societe General  10.500  7/22/2022   EUR  72.370
Leonteq Securit  21.420  7/27/2022   CHF  25.130
Sberbank of Rus   0.010  7/24/2025   RUB  76.800
Sberbank of Rus   0.010  7/23/2025   RUB  69.600
Landesbank Bade   3.250  3/24/2023   EUR  74.120
Landesbank Bade   4.300  3/24/2023   EUR  69.740
Landesbank Bade   4.050  3/24/2023   EUR  30.980
Landesbank Bade   7.250  3/24/2023   EUR  74.340
Landesbank Bade   3.700  3/24/2023   EUR  73.950
Vontobel Financ  16.450  03/03/2023  EUR  42.860
Raiffeisen Cent  10.192  9/21/2022   EUR  54.200
Raiffeisen Cent   7.644  9/21/2022   EUR  57.860
Raiffeisen Cent   8.918  9/21/2022   EUR  55.680
Vontobel Financ   5.000  3/26/2024   EUR  71.400
UBS AG/London     9.750  09/05/2022  CHF  54.850
UBS AG/London    10.000  03/03/2023  CHF  58.550
UBS AG/London    11.250  03/03/2023  CHF  58.950
UBS AG/London    15.000  09/05/2022  CHF  61.100
EFG Internation   6.400  03/08/2023  USD  59.090
Nordea Bank Abp   7.100  7/20/2024   SEK  48.840
Nordea Bank Abp   9.000  7/20/2024   SEK  41.700
Vontobel Financ  10.000  9/23/2022   EUR  65.940
Vontobel Financ  12.500  9/23/2022   EUR  63.240
Vontobel Financ   6.000  9/23/2022   EUR  59.440
Vontobel Financ  11.000  9/23/2022   EUR  53.660
Vontobel Financ  13.500  9/23/2022   EUR  63.310
Vontobel Financ  11.000  9/23/2022   EUR  67.340
Vontobel Financ  13.000  9/23/2022   EUR  67.630
Vontobel Financ  10.000  9/23/2022   EUR  72.330
Vontobel Financ  12.000  9/23/2022   EUR  69.110
Vontobel Financ  14.000  9/23/2022   EUR  66.220
Vontobel Financ   9.500  9/23/2022   EUR  64.260
Vontobel Financ  12.500  9/23/2022   EUR  60.190
Vontobel Financ  11.000  9/23/2022   EUR  72.420
Vontobel Financ  12.500  9/23/2022   EUR  20.910
Vontobel Financ  11.500  9/23/2022   EUR  21.400
Vontobel Financ   8.500  9/23/2022   EUR  53.300
UBS AG/London     8.000  1/16/2023   CHF  75.100
Sberbank of Rus   0.010  7/24/2028   RUB  58.600
Societe General   6.000  8/26/2022   EUR  59.820
Societe General   9.000  8/26/2022   EUR  64.360
Societe General   7.000  8/26/2022   EUR  77.450
Raiffeisen Cent   8.508  9/21/2022   EUR  66.510
Raiffeisen Cent   8.508  9/21/2022   EUR  70.410
Raiffeisen Cent  14.038  9/21/2022   EUR  70.540
Societe General   9.500  8/26/2022   EUR  71.340
Raiffeisen Cent   0.851  9/21/2022   EUR  58.690
Raiffeisen Cent   1.702  9/21/2022   EUR  62.400
Societe General   8.750  8/26/2022   EUR  65.300
Societe General  12.750  8/26/2022   EUR  58.180
Societe General  10.500  8/26/2022   EUR  66.170
Societe General   3.500  8/26/2022   EUR  56.450
Leonteq Securit  11.000  1/26/2023   USD  58.710
Leonteq Securit   8.400  1/26/2023   CHF  61.720
Vontobel Financ  10.500  9/23/2022   EUR  58.560
Vontobel Financ   5.000  9/23/2022   EUR  69.480
Vontobel Financ   4.000  9/23/2022   EUR  61.980
Zurcher Kantona  12.500  08/03/2022  CHF  70.570
Vontobel Financ   7.000  9/23/2022   EUR  62.540
Vontobel Financ   8.000  9/23/2022   EUR  53.260
Societe General   3.000  7/22/2022   USD   9.140
Erste Group Ban   5.550  8/30/2022   EUR  60.050
UniCredit Bank    5.550  7/19/2022   EUR  57.000
Landesbank Bade   2.500  3/22/2024   EUR  75.110
Bank Julius Bae   5.700 10/24/2022   EUR  69.200
Bank Julius Bae   7.300 10/24/2022   USD  64.900
Bank Julius Bae   7.400  7/22/2022   USD  73.200
Vontobel Financ  10.000  9/23/2022   EUR  71.440
Vontobel Financ   7.000  9/23/2022   EUR  57.770
Vontobel Financ   9.500  9/23/2022   EUR  54.890
Vontobel Financ   8.000  9/23/2022   EUR  72.000
Vontobel Financ   7.500  9/23/2022   EUR  77.910
Vontobel Financ   8.500  9/23/2022   EUR  76.010
Vontobel Financ   9.000  9/23/2022   EUR  74.070
Vontobel Financ  11.000  9/23/2022   EUR  70.680
Vontobel Financ   6.500  9/23/2022   EUR  69.150
Vontobel Financ  10.000  9/23/2022   EUR  21.830
Vontobel Financ  14.000  9/23/2022   EUR  20.600
Vontobel Financ  15.000  9/23/2022   EUR  20.210
Raiffeisen Swit   7.000  05/03/2023  CHF  56.310
Landesbank Hess   1.800  06/09/2036  EUR  73.050
Nordea Bank Abp   6.450  1/22/2024   SEK  71.750
Bank Vontobel A   9.006 10/31/2022   CHF  22.400
Leonteq Securit   9.000 12/21/2022   CHF  44.010
Leonteq Securit  12.000  7/26/2022   EUR  59.240
Leonteq Securit  10.000 10/26/2022   USD  24.060
Leonteq Securit   7.000  4/26/2023   CHF  60.790
Leonteq Securit   8.000  7/26/2022   CHF  58.940
Raiffeisen Swit   7.200  4/26/2023   CHF  74.840
Raiffeisen Swit  10.500 10/26/2022   CHF  55.960
EFG Internation  10.000 12/16/2022   CHF  27.880
UBS AG/London    11.250 12/16/2022   USD  58.950
UBS AG/London     8.250  6/16/2023   CHF  59.750
VTB Bank PJSC     0.010  06/01/2024  RUB  79.660
Goldman Sachs &   7.000  7/20/2022   EUR  61.370
Goldman Sachs &  12.000  7/20/2022   EUR  61.680
Goldman Sachs &  10.000  7/20/2022   EUR  64.750
Goldman Sachs &   5.000  6/21/2023   EUR  72.120
Goldman Sachs &   8.000  6/21/2023   EUR  69.250
Goldman Sachs &   5.000  6/21/2023   EUR  74.150
Goldman Sachs &   6.000  6/21/2023   EUR  63.280
Goldman Sachs &   7.000  6/21/2023   EUR  64.240
Goldman Sachs &   5.000 12/21/2022   EUR  77.630
Bank Julius Bae   9.250  9/19/2022   EUR  60.450
Bank Julius Bae   8.200  9/19/2022   USD  55.700
Bank Julius Bae  12.000  9/19/2022   USD  52.050
Leonteq Securit  10.000  9/21/2022   EUR  64.260
Credit Suisse A   8.250  9/19/2022   EUR  59.330
Vontobel Financ   8.500  7/13/2022   EUR  47.930
VTB Bank PJSC     0.010  5/20/2026   RUB  65.900
UniCredit Bank    3.500  2/13/2023   EUR  34.920
Leonteq Securit  11.000  7/29/2022   CHF  53.490
Leonteq Securit  11.000 10/31/2022   USD  55.830
Credit Suisse A   8.000  08/03/2022  CHF  28.590
SG Issuer SA      7.700  1/20/2024   SEK  60.920
TMK PJSC          7.350  2/28/2025   RUB  60.160
Vontobel Financ   5.500  09/09/2022  EUR  64.400
Raiffeisen Swit   8.200  11/03/2022  CHF  54.020
Raiffeisen Swit   6.500  11/03/2022  CHF  56.390
Bank Vontobel A  11.006 10/31/2022   CHF  47.500
Bank Vontobel A   8.503 10/31/2022   CHF  59.300
Landesbank Hess   2.234  06/09/2036  EUR  69.500
UniCredit Bank    1.560  1/20/2031   EUR  72.690
Bank Vontobel A   9.001 10/17/2022   CHF  54.800
Bank Vontobel A   8.000 10/17/2022   CHF  59.800
UBS AG/London    13.250 10/21/2022   CHF  46.450
UBS AG/London    13.250 10/21/2022   CHF  48.250
EFG Internation   5.800  4/26/2023   EUR  32.200
Leonteq Securit  12.000  7/22/2022   CHF  55.620
UniCredit Bank    0.900  7/18/2031   EUR  75.650
Raiffeisen Swit   8.200 10/19/2022   CHF  56.370
Raiffeisen Swit   7.000  4/19/2023   CHF  71.720
Landesbank Bade   7.250  7/22/2022   EUR  58.510
Landesbank Bade   5.000  7/22/2022   EUR  64.370
Vontobel Financ   3.500  07/03/2023  EUR  65.110
Landesbank Hess   1.100  7/23/2036   EUR  73.050
VTB Bank PJSC     0.010  5/19/2024   RUB  72.020
UBS AG/London    12.500 12/16/2022   CHF  44.350
UBS AG/London     8.000 12/16/2022   CHF  55.700
UBS AG/London     9.000 12/16/2022   CHF  71.350
Goldman Sachs &   5.000  3/22/2023   EUR  77.030
Landesbank Bade   4.000  7/25/2025   EUR  42.410
Bank Julius Bae   7.850  9/19/2022   USD  67.550
Leonteq Securit  10.520 12/21/2022   USD  57.890
DekaBank Deutsc   2.000  2/23/2024   EUR  69.950
DekaBank Deutsc   3.400  2/23/2024   EUR  70.160
Erste Group Ban   7.250  03/03/2026  EUR  34.500
EFG Internation  10.000  7/27/2022   CHF  47.400
Sberbank of Rus   0.010  1/29/2024   RUB  85.930
SG Issuer SA      1.250  2/28/2033   EUR  64.240
Bank Vontobel A   7.756  2/13/2023   CHF  56.800
Bank Vontobel A   6.507  8/17/2022   CHF  67.200
Bank Vontobel A  12.505  8/19/2022   CHF  43.500
Bank Vontobel A   6.505  2/27/2023   CHF  47.900
Leonteq Securit   9.000  8/26/2022   CHF  47.690
Leonteq Securit  14.000  8/26/2022   USD  19.820
Leonteq Securit   8.000  03/01/2023  CHF  50.850
Leonteq Securit  11.000  8/26/2022   CHF  30.080
Raiffeisen Swit   7.500  03/01/2023  CHF  55.600
Landesbank Bade   3.150  3/24/2023   EUR  54.070
Sberbank of Rus   0.010  03/04/2026  RUB  77.210
UBS AG/London    16.250  09/05/2022  CHF  43.500
Landesbank Hess   1.400  03/05/2036  EUR  71.850
Landesbank Hess   1.000  04/09/2035  EUR  73.400
UniCredit Bank    4.400  04/12/2023  EUR  61.480
Societe General   2.000 10/19/2022   EUR  63.750
UniCredit Bank    5.150  4/24/2023   EUR  58.210
Bank Vontobel A  20.004  08/10/2022  CHF  43.700
UBS AG/London    11.000  8/24/2022   CHF  42.250
UBS AG/London     6.500  2/24/2023   CHF  54.350
UBS AG/London    11.250  8/24/2022   CHF  52.900
EFG Internation  15.000  8/24/2022   CHF  49.800
EFG Internation   8.200  03/01/2023  USD  34.490
Landesbank Hess   1.000  04/03/2035  EUR  72.600
Danske Bank A/S   7.500  01/09/2025  SEK  44.130
VTB Bank PJSC     0.010  3/25/2025   RUB  87.010
Raiffeisen Swit   7.000  8/19/2022   CHF  47.750
Erste Group Ban   9.500  3/29/2024   EUR  51.450
Credit Suisse A   7.250  9/19/2022   CHF  70.170
Raiffeisen Cent   8.250  05/11/2023  EUR  57.040
Nordea Bank Abp   3.450  7/20/2026   SEK  71.620
Bank Julius Bae   9.650  7/29/2022   USD  70.200
Leonteq Securit  10.000 10/31/2022   USD  39.080
Leonteq Securit  10.000 10/31/2022   CHF  65.550
Vontobel Financ  15.750  08/03/2022  EUR  30.310
UBS AG/London     5.520  4/29/2041   USD  50.391
Leonteq Securit  11.500 10/27/2022   CHF  52.350
Landesbank Bade   3.350  4/28/2023   EUR  41.240
Landesbank Bade   7.000  4/28/2023   EUR  43.480
Landesbank Bade   7.000  4/28/2023   EUR  74.110
Landesbank Bade   5.250  4/28/2023   EUR  34.360
Landesbank Bade   2.150  4/28/2023   EUR  72.220
Landesbank Bade   5.200  4/28/2023   EUR  37.730
Landesbank Bade   2.000  4/28/2023   EUR  72.300
Landesbank Bade   3.150  4/28/2023   EUR  37.920
Landesbank Bade   2.300  4/28/2023   EUR  51.190
Landesbank Bade   6.000  4/28/2023   EUR  65.620
Landesbank Bade   4.350  4/28/2023   EUR  37.590
Bank Vontobel A   7.504  4/24/2023   CHF  72.700
Bank Vontobel A  12.005 10/24/2022   CHF  48.000
EFG Internation   9.000 10/28/2022   CHF  63.410
UBS AG/London    10.500  4/28/2023   CHF  65.500
UBS AG/London     8.000 10/28/2022   CHF  62.050
UBS AG/London    13.750 10/28/2022   EUR  58.350
UBS AG/London     8.750 10/28/2022   CHF  52.750
UBS AG/London     9.500 10/28/2022   CHF  55.300
UBS AG/London     8.750  4/28/2023   CHF  59.200
SG Issuer SA      7.740  1/20/2024   SEK  60.970
Leonteq Securit  10.000 10/31/2022   EUR  67.030
Leonteq Securit   7.000  05/03/2023  CHF  56.650
Nordea Bank Abp   4.250  7/20/2027   SEK  70.380
Bank Vontobel A   6.503  4/24/2023   EUR  52.900
Bank Vontobel A   7.252  4/24/2023   CHF  53.400
Bank Vontobel A   7.008  7/25/2022   CHF  51.500
Landesbank Bade   3.100  3/24/2023   EUR  72.090
UBS AG/London     7.750 10/28/2022   CHF  61.800
UBS AG/London    12.750 10/28/2022   CHF  36.050
Zurcher Kantona   6.400  11/07/2022  USD  31.810
Sberbank of Rus   0.010  04/04/2025  RUB  75.000
Landesbank Hess   1.000  4/30/2035   EUR  76.100
Pravourmiiskoe    9.500  3/31/2028   RUB  92.010
Landesbank Bade   3.350  4/28/2023   EUR  68.090
Landesbank Bade   3.800  4/28/2023   EUR  51.360
Landesbank Bade   4.200  4/28/2023   EUR  73.710
Landesbank Bade   6.100  4/28/2023   EUR  65.080
Landesbank Bade   3.200  4/28/2023   EUR  68.150
Landesbank Bade   4.000  4/28/2023   EUR  73.620
Landesbank Bade   5.700  4/28/2023   EUR  35.800
Landesbank Bade   3.000  4/28/2023   EUR  40.130
Bank Vontobel A   7.504  4/24/2023   CHF  72.700
DekaBank Deutsc   1.460 10/27/2022   EUR  71.680
UBS AG/London    13.500  4/29/2024   USD  35.410
Raiffeisen Swit   7.700  8/19/2022   CHF  52.820
Leonteq Securit   9.300  8/24/2022   USD  33.770
UBS AG/London    10.250  8/24/2022   CHF  57.050
UBS AG/London     6.250  8/24/2022   CHF  56.400
UBS AG/London     6.500  8/24/2022   CHF  16.780
Credit Suisse A   8.100  8/23/2022   CHF  58.460
EFG Internation  13.000  8/24/2022   CHF  40.960
Vontobel Financ  20.500  8/17/2022   EUR  54.750
DekaBank Deutsc   1.000  3/17/2025   EUR  55.810
DekaBank Deutsc   2.100  3/17/2023   EUR  69.080
UBS AG/London    14.750  2/17/2023   CHF  34.100
EFG Internation   4.500  2/26/2024   USD  44.560
Bank Vontobel A  10.006  1/23/2023   EUR  67.900
Bank Vontobel A  10.008  7/22/2022   CHF  53.000
Leonteq Securit  13.000  7/25/2022   USD  21.840
Leonteq Securit   5.500  1/25/2023   USD  49.470
Zurcher Kantona  11.500  08/12/2022  CHF  70.540
DZ Bank AG Deut   3.000 12/23/2022   EUR  32.950
DZ Bank AG Deut   7.000 12/23/2022   EUR  25.900
Leonteq Securit  10.000  08/12/2022  CHF  64.190
Corner Banca SA  12.000  08/12/2022  CHF  56.190
Raiffeisen Swit   8.000  08/12/2022  CHF  56.880
VTB Bank PJSC     3.750              EUR  64.000
Landesbank Bade   2.300  9/23/2022   EUR  60.340
Landesbank Bade   3.050  9/23/2022   EUR  50.700
Skandinaviska E   6.500  7/15/2024   SEK  54.320
EFG Internation  13.360  10/12/2022  CHF  63.340
Leonteq Securit  11.000  10/12/2022  CHF  65.360
DZ Bank AG Deut   5.250  7/20/2022   EUR  69.940
DZ Bank AG Deut   4.750  9/21/2022   EUR  52.350
DZ Bank AG Deut   5.000  7/20/2022   EUR  70.600
DZ Bank AG Deut   5.500  9/21/2022   EUR  63.520
Landesbank Hess   0.850  2/18/2036   EUR  69.550
Nordea Bank Abp   2.000  02/03/2026  SEK  64.660
VTB Bank PJSC     0.010  5/13/2025   RUB  65.060
VTB Bank PJSC     0.010  5/13/2025   RUB  69.550
Goldman Sachs &   5.000  3/22/2023   EUR  77.200
EFG Internation  12.000  10/12/2022  CHF  35.880
Bank Julius Bae   7.150  07/06/2022  CHF  72.550
Bank Julius Bae   6.900  07/06/2022  CHF  58.450
Zurcher Kantona  11.250  07/06/2022  EUR  36.260
DZ Bank AG Deut   5.750  7/20/2022   EUR  65.600
DZ Bank AG Deut   5.000  7/20/2022   EUR  72.750
DZ Bank AG Deut   8.750  7/20/2022   EUR  59.370
Zurcher Kantona   6.500 12/21/2022   EUR  61.530
VTB Bank PJSC     0.010  04/08/2026  RUB  77.590
Leonteq Securit  10.000 12/21/2022   USD  31.920
EFG Internation   6.000  3/30/2023   USD  59.450
Raiffeisen Schw   7.250  02/06/2023  CHF  69.950
Landesbank Bade   2.550  6/23/2023   EUR  67.770
SG Issuer SA      6.850  1/20/2024   SEK  64.460
Goldman Sachs &   6.000 12/21/2022   EUR  63.450
DZ Bank AG Deut   5.000  7/20/2022   EUR  69.600
DZ Bank AG Deut  10.000  7/20/2022   EUR  48.190
DZ Bank AG Deut   7.000  9/21/2022   EUR  52.870
SG Issuer SA      7.600  1/20/2025   SEK  30.140
DZ Bank AG Deut  12.700  9/23/2022   EUR  29.010
DZ Bank AG Deut  14.500  9/23/2022   EUR  28.220
DZ Bank AG Deut  14.900  9/23/2022   EUR  68.210
Vontobel Financ  21.000  9/23/2022   EUR  63.850
Vontobel Financ   8.000  9/23/2022   EUR  73.390
Vontobel Financ   9.000  9/23/2022   EUR  58.520
Vontobel Financ  12.000  9/23/2022   EUR  59.040
Vontobel Financ  10.500  9/23/2022   EUR  73.580
UniCredit Bank    9.650  09/07/2022  EUR  21.670
DZ Bank AG Deut  17.100  9/23/2022   EUR  61.520
DZ Bank AG Deut  16.300  9/23/2022   EUR  44.340
Sberbank of Rus   0.010  04/05/2028  RUB  64.000
Goldman Sachs &   5.000  9/21/2022   EUR  64.730
Goldman Sachs &   5.000 12/21/2022   EUR  77.850
EFG Internation  11.560  10/12/2022  CHF  66.720
Zurcher Kantona  15.250  07/06/2022  CHF  38.830
Zurcher Kantona   8.250  7/20/2022   EUR  54.140
DZ Bank AG Deut   7.500  7/20/2022   EUR  55.850
Bank Julius Bae   8.450  8/15/2022   USD  54.950
Vontobel Financ  14.500  9/23/2022   EUR  78.490
UBS AG/London     7.750  7/20/2022   CHF  45.550
Leonteq Securit   5.000  2/27/2024   CHF  72.510
DSTelecom SA      2.456  05/07/2028  EUR   1.440
Lehman Brothers   3.500  6/20/2011   EUR   0.100
Lehman Brothers   7.500  2/14/2010   AUD   0.100
Erste Group Ban   0.770 11/13/2033   EUR  72.170
Lehman Brothers   7.600  1/31/2013   AUD   0.100
Credit Agricole   3.000  1/19/2041   AUD  55.339
Credit Agricole  10.200 12/13/2027   TRY  36.997
DZ Bank AG Deut   0.800  1/21/2041   EUR  71.798
Region Bretagne   0.150  1/19/2035   EUR  74.038
Lehman Brothers   4.000  03/10/2011  EUR   0.100
Brussels Munici   0.832  3/29/2041   EUR  71.432
Muenchener Hypo   1.003  03/09/2060  EUR  65.643
BNP Paribas SA    1.010  10/05/2035  EUR  71.294
Lehman Brothers   8.000  3/19/2012   USD   0.100
Standard Charte   3.000  4/30/2036   AUD  74.464
DekaBank Deutsc   1.350 11/15/2044   EUR  71.307
Vasakronan AB     2.752 11/20/2031   AUD  76.868
Lehman Brothers   7.150  3/21/2013   USD   0.100
Region Wallonne   0.638  6/21/2047   EUR  59.739
Getin Noble Ban   8.400  1/31/2024   PLN  48.875
Landesbank Bade   0.750  08/05/2031  EUR  76.135
Societe General   1.900  1/15/2031   AUD  68.780
Ukraine Governm   9.710 11/19/2031   UAH  43.922
Norddeutsche La   0.825  02/12/2036  EUR  67.955
Citigroup Globa   0.300  1/19/2032   EUR  72.645
Norddeutsche La   1.420  4/28/2039   EUR  70.383
Credit Agricole  15.700  10/07/2026  TRY  47.458
Erste Group Ban   0.560  9/29/2033   EUR  72.568
Region de Bruxe   0.609  12/03/2049  EUR  56.877
Department of P   0.671  7/17/2040   EUR  69.212
Region de Bruxe   1.053 11/14/2059   EUR  57.785
Kreditanstalt f   1.000  4/27/2041   EUR  76.705
Societe General   2.900 12/23/2031   AUD  74.894
Raiffeisenlande   2.310  2/27/2040   EUR  64.056
Caisse des Depo   2.615 11/15/2049   AUD  66.619
Assistance Publ   0.647  7/17/2040   EUR  68.946
Credit Agricole   1.900  1/15/2031   AUD  77.353
Norddeutsche La   1.000  8/13/2036   EUR  69.058
Norddeutsche La   0.400  8/13/2031   EUR  76.702
Norddeutsche La   0.700  2/15/2036   EUR  66.659
Lehman Brothers   6.300 12/21/2018   USD   0.100
Lehman Brothers  11.000  2/16/2009   CHF   0.100
Lehman Brothers   7.000  2/15/2010   CHF   0.100
Lehman Brothers   5.375  02/04/2014  USD   0.100
Lehman Brothers  13.000  2/16/2009   CHF   0.100
Lehman Brothers  10.000  2/16/2009   CHF   0.100
BNP Paribas SA    4.000  02/11/2029  PLN  79.294
Landesbank Bade   0.490  12/11/2030  EUR  76.460
Department of L   0.550 12/18/2045   EUR  61.989
Societe General   5.050 11/25/2036   USD  58.858
Barclays Bank P   2.070 12/18/2035   USD  71.520
Erste Group Ban   1.110  6/17/2035   EUR  73.305
Credit Agricole   2.100 12/18/2035   USD  69.384
Aktia Bank Oyj    0.850 12/21/2040   EUR  69.107
Banque Internat   0.800 12/22/2032   EUR  76.721
Deutsche Bank A   2.010  12/10/2052  EUR  59.128
Landesbank Bade   0.980  7/15/2032   EUR  75.348
Societe General   2.680  4/13/2031   AUD  73.382
Landesbank Bade   1.080  7/16/2035   EUR  69.678
Heta Asset Reso   7.500 12/31/2023   ATS   4.157
Municipality of   0.210  9/14/2035   EUR  75.488
Brussels Munici   0.892  3/29/2041   EUR  72.890
Brussels Munici   0.892  9/29/2041   EUR  72.175
Raiffeisen-Land   1.100 11/13/2036   EUR  70.056
Agence Francais   0.714  07/10/2045  EUR  70.588
BNG Bank NV       0.772  08/05/2050  EUR  67.721
Wirtschafts- un   0.101  09/08/2033  EUR  77.197
Single Platform   1.080  5/25/2066   EUR  51.814
Landesbank Bade   0.890  08/06/2035  EUR  67.706
Landesbank Hess   0.500  2/18/2036   EUR  70.871
Norddeutsche La   1.570  09/09/2038  EUR  72.645
Ukraine Governm   6.000  09/10/2031  UAH  31.317
Ukraine Governm   6.000 10/15/2031   UAH  31.155
Citigroup Globa   0.200  1/19/2031   EUR  74.766
Lehman Brothers   0.500 12/20/2017   AUD   0.100
Lehman Brothers   0.500 12/20/2017   AUD   0.100
Bayerische Land   0.350 12/23/2030   EUR  80.418
Ukraine Governm   9.700 10/13/2032   UAH  42.810
Ukraine Governm   8.750  2/16/2033   UAH  39.036
Lehman Brothers   0.500 12/20/2017   AUD   0.100
Lehman Brothers   9.300 12/21/2010   EUR   0.100
Ukraine Governm   9.980  03/06/2030  UAH  47.319
Ukraine Governm   9.700  03/10/2032  UAH  43.469
Ukraine Governm   9.700  8/25/2032   UAH  42.950
Ukraine Governm   6.000  1/28/2032   UAH  30.679
Lehman Brothers   0.500 12/20/2017   AUD   0.100
Ukraine Governm   9.730  9/24/2031   UAH  44.153
Lehman Brothers   4.000  01/04/2011  USD   0.100
Lehman Brothers   0.500 12/20/2017   AUD   0.100
Ukraine Governm   9.950  05/08/2030  UAH  46.968
Ukraine Governm   6.000 11/28/2029   UAH  35.099
BNP Paribas SA    1.150 11/20/2034   EUR  75.524
Muenchener Hypo   0.030  1/14/2031   EUR  77.255
Lehman Brothers   8.000 12/31/2010   USD   0.100
Region Wallonne   0.865  7/20/2044   EUR  65.430
Lehman Brothers   0.500 12/20/2017   USD   0.100
Republic of Ire   0.810  07/10/2079  EUR  52.368
DZ Bank AG Deut   0.500  8/18/2036   EUR  73.562
Landesbank Hess   0.460  7/20/2032   EUR  75.459
Societe General   1.290  2/27/2040   EUR  67.000
Lehman Brothers   0.500 12/20/2017   USD   0.100
Lehman Brothers   0.500 12/20/2017   USD   0.100
Lehman Brothers   0.500 12/20/2017   USD   0.100
Landesbank Bade   0.060  10/04/2030  EUR  74.469
Landeskreditban   0.842  05/03/2041  EUR  75.726
Caisse des Depo   2.700  4/28/2041   AUD  70.842
HSBC Continenta   1.385 11/18/2039   EUR  71.541
Hypo Tirol Bank   1.320  7/16/2041   EUR  67.078
Lehman Brothers   6.000  3/18/2015   USD   0.100
UBS Group AG      3.030 11/18/2034   AUD  76.730
Barclays Bank P   2.000  05/07/2036  MXN  25.162
Single Platform   0.750  8/15/2050   EUR  55.464
Erste Group Ban   0.940  5/22/2034   EUR  72.826
Lehman Brothers   1.000  2/26/2010   USD   0.100
Lehman Brothers  11.750  03/01/2010  EUR   0.100
Berlin Hyp AG     0.750  03/04/2050  EUR  66.894
Societe General   2.710  07/08/2035  AUD  64.212
Landesbank Hess   0.490  2/28/2035   EUR  72.895
DZ Bank AG Deut   0.700  4/29/2036   EUR  77.089
Bayerische Land   1.800  1/25/2036   EUR  85.402
Single Platform   1.180  04/01/2039  EUR  70.757
Aareal Bank AG    1.125  6/28/2030   EUR  75.895
Region Wallonne   0.808  6/24/2038   EUR  74.556
Region Wallonne   0.970  6/24/2043   EUR  67.881
Kreditanstalt f   1.143  4/15/2050   EUR  74.515
Kuntarahoitus O  12.000  6/26/2023   TRY  70.200
Region Occitani   0.786 12/14/2046   EUR  64.811
Landesbank Hess   0.490  1/24/2035   EUR  73.100
Region de Bruxe   0.450 12/22/2056   EUR  46.917
Metropole de Ly   0.500 12/28/2048   EUR  57.701
Landesbank Bade   0.350  1/20/2031   EUR  75.210
Landesbank Bade   0.510  4/15/2031   EUR  75.909
Landesbank Bade   0.460  01/07/2031  EUR  76.961
Landesbank Bade   0.490 12/23/2030   EUR  76.388
Landesbank Hess   0.550  1/21/2036   EUR  71.513
Landesbank Bade   0.520  01/07/2032  EUR  74.535
Norddeutsche La   1.050  01/06/2039  EUR  64.983
Getin Noble Ban  12.110 12/21/2023   PLN  54.875
Grupo Isolux Co   1.000 12/30/2021   USD   0.100
Region Occitani   0.776  10/06/2041  EUR  69.389
Department of V   0.735  07/03/2040  EUR  70.146
Grupo Isolux Co   6.000 12/30/2021   USD   0.267
BNP Paribas SA    3.180 11/19/2039   AUD  67.135
Landesbank Hess   0.700  11/04/2033  EUR  74.223
Muenchener Hypo   1.495  10/05/2050  EUR  68.378
Landesbank Bade   0.340  03/04/2030  EUR  76.159
Caisse des Depo   0.696  9/14/2040   EUR  74.046
Lehman Brothers   6.000  03/04/2015  USD   0.100
Landesbank Bade   0.370  01/06/2031  EUR  75.433
Purple Protecte   1.565 12/23/2060   EUR  67.185
Lehman Brothers  13.000  7/25/2012   EUR   0.100
Kommunekredit     2.200  9/27/2041   AUD  70.302
Landesbank Bade   0.360 12/30/2030   EUR  75.406
Caisse des Depo   2.205  9/28/2041   AUD  65.034
Norddeutsche La   1.410  07/07/2037  EUR  70.750
Kreissparkasse    0.350  2/19/2035   EUR  70.084
Purple Protecte   1.518  1/25/2061   EUR  69.008
Credit Agricole   7.000  06/12/2023  TRY  70.288
Landesbank Bade   1.020  7/15/2033   EUR  73.343
Barclays Bank P   3.020  4/23/2036   NZD  73.097
Ukraine Governm  11.300  05/10/2025  UAH  66.096
Ukraine Governm  11.290  11/10/2025  UAH  63.189
Ukraine Governm  10.360  11/10/2027  UAH  53.467
Ukraine Governm   9.780  05/10/2029  UAH  48.265
Ukraine Governm   9.610  11/10/2029  UAH  46.727
Ukraine Governm   9.150  05/10/2031  UAH  42.712
Ukraine Governm   9.010  11/10/2031  UAH  41.511
Ukraine Governm   8.630  05/10/2033  UAH  38.394
Ukraine Governm   8.520  11/10/2033  UAH  37.504
Ukraine Governm   8.310  11/10/2034  UAH  35.898
Ukraine Governm   6.000  12/11/2030  UAH  32.768
Lehman Brothers   8.800 12/27/2009   EUR   0.100
Lehman Brothers  11.000 12/20/2017   AUD   0.100
Landesbank Bade   0.570  4/23/2031   EUR  76.391
Ukraine Governm   6.000  4/23/2031   UAH  32.024
Ukraine Governm   9.790  5/14/2031   UAH  44.888
Ukraine Governm   6.000  03/12/2031  UAH  32.231
Ukraine Governm   9.800  04/02/2031  UAH  45.049
Lehman Brothers   2.500  8/23/2012   GBP   0.100
Societe General   0.690  4/21/2033   EUR  73.902
Region Hauts-de   0.643  07/09/2040  EUR  68.848
DZ Bank AG Deut   0.500  02/04/2036  EUR  73.055
Single Platform   1.000  07/08/2034  EUR  76.141
Lehman Brothers   3.000  8/13/2011   EUR   0.100
Landesbank Bade   0.440  05/07/2031  EUR  75.268
Landesbank Bade   0.540  4/21/2033   EUR  70.531
Lehman Brothers  14.900 11/16/2010   EUR   0.100
Grand Delta Hab   1.630  03/06/2045  EUR  54.757
Nederlandse Wat   0.810  07/08/2050  EUR  70.152
Single Platform   0.930  07/02/2041  EUR  65.786
Norddeutsche La   0.500  02/10/2033  EUR  72.333
DZ Bank AG Deut   0.550  1/21/2036   EUR  73.774
BPCE SA           2.160  10/06/2031  USD  75.178
Agence Metropol   0.500  07/07/2035  EUR  76.541
Landesbank Bade   0.500  7/30/2031   EUR  75.170
Caisse des Depo   1.275  05/05/2051  EUR  76.319
Irish Bank Reso   6.750 11/30/2013   BGN  33.250
Landesbank Hess   0.600  2/18/2036   EUR  71.887
Lehman Brothers  16.000  10/08/2008  CHF   0.100
Ukraine Governm   6.000 11/22/2028   UAH  37.920
Single Platform   1.200  11/01/2040  EUR  68.671
BPCE SA           2.730  10/05/2036  AUD  68.332
Bayerische Land   1.020  11/12/2035  EUR  76.658
Raiffeisen-Land   1.140  4/26/2051   EUR  74.620
Single Platform   0.725  03/07/2039  EUR  65.268
Region de Bruxe   0.730  2/25/2050   EUR  58.908
Lehman Brothers   3.500 12/20/2027   USD   0.100
Ukraine Governm   6.000  1/22/2031   UAH  32.506
Ukraine Governm   6.000  8/28/2030   UAH  33.337
Ukraine Governm   9.700  12/06/2028  UAH  48.939
Ukraine Governm   6.000  9/19/2029   UAH  35.565
Ukraine Governm   9.910  08/07/2030  UAH  46.417
Ukraine Governm   6.000  9/18/2030   UAH  33.209
Ukraine Governm   6.000  10/11/2028  UAH  38.263
Single Platform   1.200 11/15/2037   EUR  72.490
Ukraine Governm   6.000  1/27/2027   UAH  44.988
Region Occitani   0.580  10/06/2036  EUR  74.864
Lehman Brothers   1.500  10/12/2010  EUR   0.100
Grupo Isolux Co   0.250 12/30/2018   EUR   0.100
ECM Real Estate   5.000  10/09/2011  EUR  15.375
Region de Bruxe   0.256  2/26/2035   EUR  75.113
Societe General   1.192  8/29/2034   USD  66.250
Lehman Brothers   8.000 10/23/2008   USD   0.100
Lehman Brothers   7.000 10/22/2010   EUR   0.100
Lehman Brothers   3.400  9/21/2009   HKD   0.100
Citigroup Globa   1.180 12/23/2036   EUR  71.464
Batigere Grand    1.550 11/14/2039   EUR  60.763
Single Platform   0.840  6/20/2043   EUR  62.540
Caisse des Depo   0.750  11/06/2048  EUR  62.923
Societe General   2.920  2/21/2035   USD  74.604
Single Platform   0.938  2/15/2041   EUR  64.307
Norddeutsche La   0.825  5/18/2033   EUR  75.366
Bayerische Land   0.630  3/19/2032   EUR  79.301
BNP Paribas SA    3.310  2/27/2040   AUD  67.120
Petromena ASA    10.850 11/19/2018   USD   0.622
Landesbank Bade   0.780  4/21/2036   EUR  66.051
Landesbank Bade   0.610  05/11/2034  EUR  68.547
Landesbank Bade   0.500  05/11/2032  EUR  72.761
Lehman Brothers   5.200  11/09/2011  EUR   0.100
Societe General   2.900 10/24/2039   AUD  60.196
Lehman Brothers  18.250  10/02/2008  USD   0.100
Lehman Brothers   6.000  9/20/2011   EUR   0.100
Single Platform   0.785  3/20/2039   EUR  66.069
Single Platform   0.932  2/15/2041   EUR  63.688
Kreditanstalt f   0.885 11/14/2039   EUR  77.256
Landesbank Bade   0.500  4/21/2031   EUR  75.804
Norddeutsche La   1.910  11/10/2036  EUR  77.159
Single Platform   0.803  3/20/2041   EUR  62.337
ECM Real Estate   5.000  10/09/2011  EUR  15.375
Lehman Brothers   4.000  10/12/2010  USD   0.100
Liga Bank eG Re   0.680  3/17/2036   EUR  71.699
Lehman Brothers   9.000  05/06/2011  CHF   0.100
Lehman Brothers   7.000  4/24/2009   USD   0.100
Lehman Brothers  10.000 10/23/2008   USD   0.100
Lehman Brothers  10.600  4/22/2014   MXN   0.100
Bayerische Land   0.770 11/29/2032   EUR  78.953
Bayerische Land   0.820 11/29/2033   EUR  77.663
Lehman Brothers   4.600  08/01/2013  EUR   0.100
Lehman Brothers   8.000  5/22/2009   USD   0.100
Lehman Brothers  16.000  11/09/2008  USD   0.100
Bayerische Land   0.870 11/29/2034   EUR  76.492
Lehman Brothers  10.000  5/22/2009   USD   0.100
Lehman Brothers   1.000  05/09/2012  EUR   0.100
Lehman Brothers   4.300  06/04/2012  USD   0.100
Stichting Afwik   8.450  8/20/2018   USD   5.375
Caisse des Depo   2.340 11/27/2049   AUD  62.478
Lehman Brothers   2.300  06/06/2013  USD   0.100
Lehman Brothers   4.000  06/05/2011  USD   0.100
Bayerische Land   1.637  03/08/2035  EUR  84.195
DZ Bank AG Deut   0.500  03/02/2038  EUR  69.336
Landesbank Bade   0.400  01/12/2032  EUR  74.524
Lehman Brothers  13.500  06/02/2009  USD   0.100
Lehman Brothers  23.300  9/16/2008   USD   0.100
Lehman Brothers   3.000  06/03/2010  EUR   0.100
Lehman Brothers  12.400  06/12/2009  USD   0.100
Caisse des Depo   1.270  10/01/2051  EUR  77.635
BPCE SA           2.250  3/13/2040   AUD  58.382
Lehman Brothers   6.450  2/20/2010   AUD   0.100
Berlin Hyp AG     0.895  7/20/2050   EUR  68.831
Lehman Brothers   5.500  4/23/2014   EUR   0.100
Single Platform   1.870 11/21/2044   EUR  73.565
Agence Francais   0.537  7/16/2040   EUR  73.083
Single Platform   0.605  9/20/2042   EUR  59.775
BNG Bank NV       1.410  7/28/2031   AUD  75.177
Landesbank Bade   0.350  1/13/2031   EUR  76.972
HSBC Bank PLC    10.300 12/20/2024   TRY  49.581
Oberoesterreich   0.655  1/25/2036   EUR  67.842
Lehman Brothers   7.500  5/30/2010   AUD   0.100
Barclays Bank P   2.230  1/26/2036   USD  72.503
Single Platform   0.678  2/15/2041   EUR  60.848
Norddeutsche La   1.175  11/10/2036  EUR  71.467
SpareBank 1 SR-   1.020  10/08/2036  EUR  73.435
Societe General   2.480  7/17/2040   USD  62.480
Goldman Sachs &   7.000  9/21/2022   EUR  66.130
Goldman Sachs &   6.000  3/22/2023   EUR  71.630
Vontobel Financ  13.130  8/17/2022   EUR  55.260
UniCredit Bank    4.250  07/01/2022  USD  55.900
Vontobel Financ   8.000  9/23/2022   EUR  61.250
Vontobel Financ   3.500  9/23/2022   EUR  48.780
Vontobel Financ   6.000  9/23/2022   EUR  55.350
Vontobel Financ   5.000  9/23/2022   EUR  69.350
Vontobel Financ   4.000  9/23/2022   EUR  64.170
Vontobel Financ   5.500  9/23/2022   EUR  64.550
Vontobel Financ   5.000  9/23/2022   EUR  64.420
Vontobel Financ   6.500  9/23/2022   EUR  55.470
Vontobel Financ   2.500  9/23/2022   EUR  54.560
Vontobel Financ   4.500  9/23/2022   EUR  56.280
Vontobel Financ   3.500  9/23/2022   EUR  54.530
Vontobel Financ   5.000 12/23/2022   EUR  65.480
Vontobel Financ   4.500 12/23/2022   EUR  66.050
Vontobel Financ  12.500 12/23/2022   EUR  35.980
Vontobel Financ   6.000 12/23/2022   EUR  65.490
Vontobel Financ   7.500 12/23/2022   EUR  69.290
Vontobel Financ   6.500 12/23/2022   EUR  62.780
Vontobel Financ   6.500  9/23/2022   EUR  61.210
Vontobel Financ   5.000  9/23/2022   EUR  71.350
Vontobel Financ  10.000  9/23/2022   EUR  65.760
Vontobel Financ   7.000 12/23/2022   EUR  66.500
Vontobel Financ   8.000  9/23/2022   EUR  64.680
Vontobel Financ   6.500  9/23/2022   EUR  64.800
Vontobel Financ   7.000  9/23/2022   EUR  64.920
Vontobel Financ   7.000 12/23/2022   EUR  66.580
Vontobel Financ   5.500 12/23/2022   EUR  65.840
Vontobel Financ   8.000 12/23/2022   EUR  67.080
Vontobel Financ   5.500  9/23/2022   EUR  64.550
Vontobel Financ   8.000  9/23/2022   EUR  65.170
Vontobel Financ   4.500 12/23/2022   EUR  56.040
Vontobel Financ   5.500  9/23/2022   EUR  55.230
Vontobel Financ  13.500 12/23/2022   EUR  63.560
Vontobel Financ   3.000 12/23/2022   EUR  60.150
Vontobel Financ   4.500 12/23/2022   EUR  60.900
Vontobel Financ   3.500 12/23/2022   EUR  60.400
Vontobel Financ   4.000 12/23/2022   EUR  60.650
Vontobel Financ   9.500 12/23/2022   EUR  67.740
Vontobel Financ   7.500 12/23/2022   EUR  70.490
Vontobel Financ   7.000 12/23/2022   EUR  63.030
Vontobel Financ   6.000 12/23/2022   EUR  69.770
Vontobel Financ   6.000  3/24/2023   EUR  58.100
Vontobel Financ   3.000  3/24/2023   EUR  58.750
Vontobel Financ   4.000  3/24/2023   EUR  59.490
Vontobel Financ   3.500  3/24/2023   EUR  59.120
Vontobel Financ   4.500  3/24/2023   EUR  59.870
Vontobel Financ   8.000  3/24/2023   EUR  58.890
Vontobel Financ   8.000 12/23/2022   EUR  57.650
Vontobel Financ   7.000  3/24/2023   EUR  65.240
Vontobel Financ   8.500  3/24/2023   EUR  62.950
Vontobel Financ  12.000  3/24/2023   EUR  65.290
Vontobel Financ  10.500  3/24/2023   EUR  74.360
Vontobel Financ  13.500 12/23/2022   EUR  69.780
Vontobel Financ  11.500 12/23/2022   EUR  73.240
Vontobel Financ  16.500 12/23/2022   EUR  74.940
Vontobel Financ  14.500  3/24/2023   EUR  74.940
Vontobel Financ  18.000 12/23/2022   EUR  72.680
Vontobel Financ  11.750  3/24/2023   EUR  63.110
Vontobel Financ   8.500  3/24/2023   EUR  67.060
Vontobel Financ  13.500  3/24/2023   EUR  68.790
Vontobel Financ   8.500  3/24/2023   EUR  68.920
Vontobel Financ  10.000  3/24/2023   EUR  66.010
Vontobel Financ  11.500  3/24/2023   EUR  67.120
Vontobel Financ  10.500  6/23/2023   EUR  67.680
Vontobel Financ   9.000  6/23/2023   EUR  69.850
Vontobel Financ  11.500  6/23/2023   EUR  68.680
Vontobel Financ  13.000  6/23/2023   EUR  70.180
DekaBank Deutsc   3.600  07/01/2022  EUR  46.390
Stadtsparkasse    1.000  11/03/2031  EUR  77.231
Bayerische Land   1.440  11/03/2033  EUR  83.620
Stadtsparkasse    1.040 11/14/2031   EUR  77.265
Brussels Munici   0.384  6/15/2035   EUR  76.637
Lehman Brothers   6.000  7/28/2010   EUR   0.100
Hellas Telecomm   8.500 10/15/2013   EUR   0.834
NORD/LB Luxembo   0.542  9/30/2037   EUR  71.228
Credit Agricole   0.700  4/15/2033   EUR  75.525
Single Platform   1.083  2/15/2041   EUR  66.593
Landesbank Bade   0.660  7/14/2036   EUR  64.525
Bayerische Land   0.520 11/26/2031   EUR  80.711
Department of B   1.368  05/06/2044  EUR  76.902
Lehman Brothers   4.150  8/25/2020   EUR   0.100
Department of L   0.442 10/25/2045   EUR  60.491
Single Platform   1.490  3/20/2051   EUR  65.988
Lehman Brothers   6.000  12/06/2016  USD   0.100
Caisse des Depo   2.160  12/07/2050  AUD  59.540
Region Wallonne   0.591  02/10/2040  EUR  68.617
Lehman Brothers   4.000  4/24/2009   USD   0.100
Department of G   0.900 12/15/2039   EUR  73.076
Lehman Brothers  15.000  3/30/2011   EUR   0.100
Region Bretagne   0.700  12/02/2038  EUR  71.902
Lehman Brothers   0.250 10/19/2012   CHF   0.100
Citigroup Globa   1.250  11/02/2036  EUR  72.409
Lehman Brothers   7.000  2/15/2012   EUR   0.100
Norske Skogindu   2.000 12/30/2115   EUR   0.113
Landesbank Bade   0.530  03/03/2031  EUR  76.934
Lehman Brothers   3.500 10/24/2011   USD   0.100
Nederlandse Wat   0.964  06/11/2059  EUR  71.063
Lehman Brothers   5.200  3/19/2018   EUR   0.100
Lehman Brothers  14.900  9/15/2008   EUR   0.100
Lehman Brothers   6.000  2/14/2012   EUR   0.100
Lehman Brothers   6.600  2/22/2012   EUR   0.100
Lehman Brothers   4.690  2/19/2017   EUR   0.100
Ukraine Governm   9.500  3/19/2025   UAH  63.780
Landesbank Bade   0.560  7/13/2034   EUR  67.786
Lehman Brothers   2.000 10/28/2010   EUR   0.100
Lehman Brothers  11.000  6/29/2009   EUR   0.100
Lehman Brothers   5.500  6/15/2009   CHF   0.100
Lehman Brothers   1.500 10/25/2011   EUR   0.100
Heta Asset Reso   4.350 12/31/2023   EUR   4.007
Astana Finance    9.000 11/16/2011   USD  15.250
Region Bretagne   0.770  12/01/2039  EUR  71.385
DZ Bank AG Deut   0.600  5/15/2036   EUR  75.750
Norddeutsche La   1.000  01/12/2034  EUR  75.366
Liga Bank eG Re   0.760  12/08/2036  EUR  71.524
Citigroup Globa   1.030 10/25/2034   EUR  72.254
Landesbank Bade   0.370 10/20/2031   EUR  73.492
Lehman Brothers   7.250  10/06/2008  EUR   0.100
Lehman Brothers  10.500  08/09/2010  EUR   0.100
Lehman Brothers   9.000  6/13/2009   USD   0.100
Lehman Brothers   7.000 11/28/2008   CHF   0.100
Lehman Brothers   8.000  5/22/2009   USD   0.100
SG Issuer SA      0.100  06/11/2029  NZD  66.007
Credit Industri   2.275  10/08/2035  EUR  76.233
Region de Bruxe   0.796  07/02/2042  EUR  69.210
Lehman Brothers   7.000  4/14/2009   EUR   0.100
Wirtschafts- un   0.500  12/01/2038  EUR  72.376
Lehman Brothers   7.750  1/30/2009   EUR   0.100
Wirtschafts- un   0.450  12/01/2038  EUR  73.084
Communaute Fran   0.818  8/28/2050   EUR  58.338
Barclays Bank P   1.000  8/31/2034   EUR  77.183
Region Bretagne   0.642  6/16/2037   EUR  73.802
Landesbank Bade   0.140 10/20/2031   EUR  76.489
BNP Paribas SA    2.750 10/24/2034   AUD  69.706
Lehman Brothers   7.585 11/22/2009   MXN   0.100
Norddeutsche La   1.200  1/13/2037   EUR  71.346
Region Bretagne   0.815  06/12/2040  EUR  71.418
Region Bretagne   0.607  06/11/2036  EUR  75.646
Single Platform   0.960  7/22/2038   EUR  68.814
Aktia Bank Oyj    0.800  2/26/2036   EUR  74.612
Lehman Brothers   2.300  6/27/2013   USD   0.100
Muenchener Hypo   0.510  01/10/2035  EUR  77.305
Bayerische Land   1.320  9/16/2033   EUR  82.688
DZ Bank AG Deut   0.650 12/22/2036   EUR  75.604
Ukraine Governm   6.500  9/20/2023   UAH  71.516
Landesbank Bade   0.150  9/20/2030   EUR  75.236
Transports Publ   0.220 10/28/2032   CHF  75.319
Landeskreditban   1.025  04/01/2061  EUR  66.199
Region Bourgogn   0.300  12/03/2040  EUR  63.720
Lehman Brothers   5.220  03/01/2024  EUR   0.100
Natixis SA        2.180  8/24/2035   USD  72.740
Cooperatieve Ra   0.500 12/29/2027   MXN  57.525
Kuntarahoitus O   1.170  9/22/2056   EUR  73.840
Single Platform   1.156  02/12/2041  EUR  68.031
Region de Bruxe   0.557  08/07/2048  EUR  57.420
Lehman Brothers  10.000  3/27/2009   USD   0.100
Lehman Brothers   5.000 10/24/2008   CHF   0.100
SAir Group        2.750  7/30/2004   CHF  12.625
Lehman Brothers   4.500  03/06/2013  CHF   0.100
Lehman Brothers   9.000  3/17/2009   GBP   0.100
Lehman Brothers   3.860  9/21/2011   SGD   0.100
Lehman Brothers   3.850  4/24/2009   USD   0.100
Region de Bruxe   0.731  8/25/2060   EUR  50.106
Region de Bruxe   0.761  07/02/2041  EUR  70.176
BNP Paribas SA    0.720  07/01/2031  EUR  76.825
Liga Bank eG Re   0.650  6/26/2034   EUR  74.310
Lehman Brothers  11.000 12/19/2011   USD   0.100
Department of G   0.979  6/25/2040   EUR  73.559
NRW Bank          1.200 10/25/2049   EUR  77.960
Norddeutsche La   0.950  08/03/2033  EUR  75.959
Lehman Brothers   8.000  08/03/2009  USD   0.100
Lehman Brothers   2.500 12/15/2011   GBP   0.100
Natixis SA        2.950 10/28/2034   AUD  74.374
Norddeutsche La   1.050  1/13/2037   EUR  70.296
Communaute Fran   0.771  8/25/2050   EUR  56.932
Communaute Fran   0.785  8/24/2050   EUR  57.831
Lehman Brothers   6.000 10/24/2008   EUR   0.100
Batigere Grand    1.540  11/04/2041  EUR  56.318
Norddeutsche La   0.700  08/03/2033  EUR  74.157
Banque Internat   1.600  07/07/2036  EUR  74.631
Lehman Brothers   4.000 11/24/2016   EUR   0.100
Agence Francais   2.360 10/17/2044   AUD  64.682
Kuntarahoitus O   0.960 10/25/2049   EUR  71.614
DekaBank Deutsc   0.780 10/18/2035   EUR  73.248
Region de Bruxe   0.720 10/17/2051   EUR  57.965
Lehman Brothers   4.350  08/08/2016  SGD   0.100
Norddeutsche La   0.925  7/23/2036   EUR  69.755
Region de Bruxe   0.875  6/22/2057   EUR  55.260
Lehman Brothers   4.000  4/13/2011   CHF   0.100
Region of Centr   0.825  6/18/2041   EUR  70.387
Lehman Brothers   0.250  7/21/2014   EUR   0.100
Credit Agricole   2.810 10/29/2034   AUD  77.625
Credit Agricole  17.520  1/27/2027   TRY  57.379
HSBC Continenta   1.300 10/23/2039   EUR  70.376
Lehman Brothers   5.750  6/15/2009   CHF   0.100
Lehman Brothers   7.500 10/24/2008   USD   0.100
Bank fuer Kirch   0.800  11/12/2035  EUR  73.812
Bank fuer Kirch   0.770  10/12/2035  EUR  73.624
DNB Boligkredit   1.080  5/16/2039   EUR  76.915
DZ Bank AG Deut   0.500 10/20/2036   EUR  73.784
Natixis SA        2.955  5/28/2050   USD  69.113
Single Platform   0.853  3/20/2040   EUR  64.509
Norddeutsche La   0.825  10/12/2033  EUR  74.388
BNP Paribas SA    3.660  08/09/2039  AUD  72.430
Hypo Tirol Bank   0.740  5/29/2040   EUR  71.797
Aareal Bank AG    0.570  08/07/2029  EUR  75.566
Lehman Brothers   6.000  7/28/2010   EUR   0.100
City of Amsterd   0.490 12/16/2036   EUR  75.336
Barclays Bank P  13.350  9/28/2023   TRY  67.397



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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Rousel Elaine T. Fernandez, Joy A. Agravante,
Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.

Copyright 2022.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
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