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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, January 2, 2023, Vol. 24, No. 2

                           Headlines



D E N M A R K

DFDS A/S: Egan-Jones Retains B+ Senior Unsecured Ratings


F I N L A N D

FINNAIR OYJ: Egan-Jones Retains CCC- Senior Unsecured Ratings


F R A N C E

VALEO: Egan-Jones Retains BB- Senior Unsecured Ratings


G E R M A N Y

FRESENIUS MEDICAL: Egan-Jones Retains BB+ Senior Unsecured Ratings
KME SA: Fitch Affirms Then Withdraws 'B-' LT IDR and Stable Outlook


G R E E C E

NAVIOS MARITIME: Egan-Jones Retains CCC Senior Unsecured Ratings


H U N G A R Y

ISD DUNAFERR: Put Into Liquidation Amid Liberty Acquisition Talks


I T A L Y

BRIGNOLE CQ 2022: Moody's Affirms B1 Rating on EUR6.9MM X Notes
CASSIA 2022-1: DBRS Confirms BB Rating on Class C Notes
ENEL SPA: Egan-Jones Retains BB Senior Unsecured Ratings
ICCREA BANCA: DBRS Confirms BB(high) LongTerm Issuer Rating


K A Z A K H S T A N

SAMRUK-KAZYNA: Fitch Assigns 'BB+' LongTerm IDR, Outlook Stable


L U X E M B O U R G

AMAGGI LUXEMBOURG: Fitch Affirms Sr. Debt at 'BB', Outlook Stable
LUNA III: Fitch Affirms LongTerm IDR at 'BB', Outlook Stable


N E T H E R L A N D S

SIGMA HOLDCO: Fitch Affirms 'B' LT IDR, Alters Outlook to Stable


N O R W A Y

NORWEGIAN AIR: Egan-Jones Retains C Senior Unsecured Ratings


P O R T U G A L

CAIXA ECONOMICA: Fitch Hikes LongTerm IDR to 'B', Outlook Positive


S W E D E N

OREXO AB: Egan-Jones Lowers Senior Unsecured Ratings to BB-


U K R A I N E

UKREXIMBANK: Fitch Affirms LongTerm Foreign Currency IDR at 'CCC-'


U N I T E D   K I N G D O M

ATLANTICA SUSTAINABLE: Egan-Jones Retains B- Sr. Unsecured Ratings
BRITISH STEEL: Chancellor Mulls Taxpayer Rescue of Two Furnaces
INTERNATIONAL GAME: Egan-Jones Retains B Senior Unsecured Ratings
IZODIA PLC: Shareholders Urged to Claim Uncashed Dividends
MARKS AND SPENCER: Egan-Jones Retains B Senior Unsecured Ratings

TOWN DISCOUNT: Director Faces Disqualification for Loans Abuse
WEST BROMWICH: Moody's Affirms Ba3 Deposit Ratings, Outlook Stable
YACHT SOLUTIONS: Unsecured Creditors Unlikely to Receive Payment


X X X X X X X X

[*] BOND PRICING: For the Week December 26 to December 30, 2022

                           - - - - -


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D E N M A R K
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DFDS A/S: Egan-Jones Retains B+ Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on December 13, 2022, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by DFDS A/S.

Headquartered in Copenhagen, Denmark, DFDS A/S operates focused
transport corridors combining ferry infrastructure, including port
terminals and rail connections, and logistics solutions including
door-door full/part loads for dry goods and cold chain as well as
contract logistics for select industries.




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F I N L A N D
=============

FINNAIR OYJ: Egan-Jones Retains CCC- Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on December 13, 2022, maintained its
'CCC-' foreign currency and local currency senior unsecured ratings
on debt issued by Finnair Oyj. EJR also maintained its 'C' rating
on commercial paper issued by the Company.

Headquartered in Vantaa, Finland, Finnair Oyj operates scheduled
passenger traffic, technical and ground handling operation,
catering, travel agencies, and reservation services.




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F R A N C E
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VALEO: Egan-Jones Retains BB- Senior Unsecured Ratings
------------------------------------------------------
Egan-Jones Ratings Company, on December 22, 2022, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by Valeo.

Headquartered in Paris, France, Valeo designs and manufactures
automobile components.




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G E R M A N Y
=============

FRESENIUS MEDICAL: Egan-Jones Retains BB+ Senior Unsecured Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on December 21, 2022, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Fresenius Medical Care AG & Co. KGaA.

Headquartered in Bad Homburg, Germany, Fresenius Medical Care AG &
Co. KGaA offers kidney dialysis services and manufactures and
distributes equipment and products used in the treatment of
dialysis patients.


KME SA: Fitch Affirms Then Withdraws 'B-' LT IDR and Stable Outlook
-------------------------------------------------------------------
Fitch Ratings has affirmed KME SA's Long-Term Issuer Default Rating
(IDR) at 'B-' with a Stable Outlook and concurrently withdrawn all
its ratings.

Fitch has withdrawn KME's senior secured notes' ratings as the
bonds were repaid and the IDR for commercial reasons. Accordingly,
Fitch will no longer provide ratings or analytical coverage of the
company.

KEY RATING DRIVERS

The affirmation is in line with the last rating action Fitch took
on KME on 22 November 2022 (see "Fitch Affirms KME at 'B-'; Outlook
Stable").

RATING SENSITIVITIES

NA

ISSUER PROFILE

KME is a producer of semi-finished and finished copper and copper
alloy products for use in other products and processes by a wide
range of end users and industries.

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.

   Entity/Debt             Rating         Prior
   -----------             ------         -----
KME SE              LT IDR B-  Affirmed      B-
                    LT IDR WD  Withdrawn     B-

   senior secured   LT     WD  Withdrawn    BB-



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G R E E C E
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NAVIOS MARITIME: Egan-Jones Retains CCC Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on December 13, 2022, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Navios Maritime Holdings Inc. EJR also maintained
its 'C' rating on commercial paper issued by the Company.

Headquartered in Piraeus, Greece, Navios Maritime Holdings Inc. is
a multinational, vertically integrated seaborne shipping and
logistics company focused on the transport and transshipment of
drybulk commodities including iron ore, coal and grain. Wikipedia




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H U N G A R Y
=============

ISD DUNAFERR: Put Into Liquidation Amid Liberty Acquisition Talks
-----------------------------------------------------------------
Tamas Csonka at bne Intellinews reports that Hungary's largest
steelworks is finally being put into liquidation, which could pave
the way for a rescue by the UK's Liberty Steel.

Hungarian courts launched the process of putting the ISD Dunaferr
plant into liquidation on Dec. 14 following a government amendment
to the bankruptcy law to ensure it could take place, bne
Intellinews relates.

The economy ministry is in talks with Liberty Steel, owned by
Indian-born British billionaire Sanjeev Gupta, which could
potentially buy the company, bne Intellinews relays, citing
financial news site Portfolio.hu.

Liberty had been in talks with Dunaferr over a potential purchase
in early 2021, with Mr. Gupta meeting Hungary's foreign affairs and
trade minister, Peter Szijjarto, to discuss the acquisition, bne
Intellinews recounts.  However, the company's interest cooled after
news broke of its financing problems, bne Intellinews notes.

Other buyers, including Metinvest and a consortium from Kazahkstan,
expressed interest in acquiring the company in 2021, according to
bne Intellinews.

Liberty Steel has been asked by Hungary to send coal to ISD
Dunaferr, to avoid a shutdown of the plant's coking batteries,
according to UK energy and commodities news website Argus, bne
Intellinews states.

Dunaferr, located 75km south of Budapest, is on the brink of
collapse from rising energy prices and has been late paying
employees, bne Intellinews notes.

Dunaferr idled both its blast furnaces in August and September
because of a lack of cash, and has been awaiting state help, bne
Intellinews discloses.  The company was days from shutting down its
remaining furnace, putting the entire operation at risk, which
prompted a swift intervention by the government, bne Intellinews
relays.

The impending liquidation procedure of the company could guarantee
its long-term operation with a change of ownership, bne Intellinews
notes.  The steelworks is 50% owned by Cyprus-registered Steelhold
Limited, with Russian and Ukrainian owners behind the offshore
entity, who have battled for control of the Hungarian company for
years. Russia's Vnesheconombank -- which is sanctioned by the US --
holds 50% plus two votes, according to bne Intellinews.

Dunaferr is one of Hungary's largest industrial companies and the
largest employer in the region with more than 4,000 employees.
Keeping the company's operations and safeguarding jobs is a
priority for the government, Portfolio was told by the energy
ministry, bne Intellinews notes.

The company has not yet published its 2020 and 2021 annual reports.
According to the last publicly available data, it incurred HUF54
billion (EUR132 million) in losses on net sales of HUF289 billion
in 2019, bne Intellinews states.




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I T A L Y
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BRIGNOLE CQ 2022: Moody's Affirms B1 Rating on EUR6.9MM X Notes
---------------------------------------------------------------
Moody's Investors Service has affirmed the following ratings to
Notes issued by Brignole CQ 2022 S.r.l. following the
implementation of an amendment to the transaction. Moody's affirmed
the ratings of the notes as they have sufficient credit enhancement
to maintain their current ratings.

EUR133,220,000 (Current Outstanding Balance EUR125,093,825.54)
Class A Asset Backed Floating Rate Notes due March 2038, Affirmed
Aa3 (sf); previously on Mar 24, 2022 Definitive Rating Assigned Aa3
(sf)

EUR27,130,000 Class B Asset Backed Floating Rate Notes due March
2038, Affirmed A1 (sf); previously on Mar 24, 2022 Definitive
Rating Assigned A1 (sf)

EUR2,460,000 Class C Asset Backed Floating Rate Notes due March
2038, Affirmed Baa2 (sf); previously on Mar 24, 2022 Definitive
Rating Assigned Baa2 (sf)

EUR1,640,000 Class D Asset Backed Floating Rate Notes due March
2038, Affirmed Ba3 (sf); previously on Mar 24, 2022 Definitive
Rating Assigned Ba3 (sf)

EUR6,900,000 (Current Outstanding Balance EUR3,500,000) Class X
Asset Backed Floating Rate Notes due March 2038, Affirmed B1 (sf);
previously on Mar 24, 2022 Definitive Rating Assigned B1 (sf)

RATINGS RATIONALE

The amendment replaces the interest rate cap, to mitigate the
interest rate mismatch between the portfolio of assets and the
Notes, with a swap agreement. Under the swap agreement, (i) the
issuer will pay a fixed rate of 1.50%, (ii) the swap counterparty
will pay one-month Euribor, (iii) the notional will be the lower of
(a) the outstanding balance of the rated notes (excluding Class X)
and (b) the outstanding balance of the portfolio excluding
defaults. There is no change in the counterparty, the swap will be
provided by Natixis (Aa3(cr), P-1(cr)).

The portfolio lifetime expected defaults assumption based on
original portfolio balance has been maintained at 8.5% on original
balance and the portfolio credit enhancement (PCE) at 25%. The
expected recovery assumption of 75% post insurance pay-out has also
been maintained.

The principal methodology used in these ratings was "'Moody's
Approach to Rating Consumer Loan Backed ABS" published in December
2022.

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

Factors that may cause an upgrade of the ratings of the notes
include significantly better than expected performance of the pool
together with an increase in credit enhancement of Notes or a
decrease of Italy's sovereign risk.

Factors that would lead to a downgrade of the ratings include: (i)
increased counterparty risk leading to potential operational risk
of servicing or cash management interruptions, (ii) economic
conditions being worse than forecast resulting in higher arrears
and losses or (iii) an increase of Italy's sovereign risk.

CASSIA 2022-1: DBRS Confirms BB Rating on Class C Notes
-------------------------------------------------------
DBRS Ratings GmbH confirmed its ratings on the following classes of
commercial mortgage-backed security (CMBS) notes issued by Cassia
2022-1 S.R.L. (the issuer):

-- Class A notes at AA (low) (sf)
-- Class B notes at BBB (high) (sf)
-- Class C notes at BB (sf)

The trend on all ratings remains Stable.

The rating confirmations result from a review of the transaction
also considering certain amendments applied to the issuer
transaction documents as a result of an inadvertent release of
funds from the issuer liquidity reserve on the August 2022 interest
payment date (IPD). DBRS Morningstar is of the view that the
amendments to the transaction documents will ensure that the
transaction's third-party liquidity provisions are correctly
replenished to a level that is sufficient to address potential
interest shortfalls on the Class A and the Class B notes (the
covered notes). Moreover, the rating confirmations reflect the
senior loans' stable performances since issuance.

The transaction is a two-loans conduit securitization arranged by
Bank of America Securities and Goldman Sachs International and
comprises two separate commercial real estate (CRE) senior loans
(the Thunder II Loan and the Jupiter Loan) advanced to borrowing
entities ultimately owned by The Blackstone Group Inc. (Blackstone
or the Sponsor). The two loans, totaling EUR 236.4 million as of 30
September 2021 are backed by 42 big-box and last-mile logistics
properties in Italy. On 1 October 2021, CBRE Ltd. (CBRE) conducted
valuations on the properties and appraised their market value (MV)
at EUR 384.6 million. CBRE assessed that the MV of the portfolio as
a single lot was EUR 394.9 million, which equates to a premium of
2.7% above the aggregated individual property values. The two
senior loans vary in size, but they have the same loan-to-value
(LTV) ratio of 59.9%. The floating rate loans are fully hedged at
borrower level via prepaid cap agreements with strike rates of
1.0%, which were provided by Merrill Lynch International. After the
expected note maturity date on May 22, 2027, the Euribor rate
payable at note level will be capped at 4.0%.

By loan amount, the larger loan is the Thunder II loan with an
outstanding balance of EUR 164.0 million at the August 2022 IPD,
whereas the Jupiter loan had an outstanding balance of EUR 72.4
million at the August 2022 IPD. Each loan bears interest at a
floating rate equal to three-month Euribor (subject to zero floor),
plus a margin that is a function of the weighted average (WA) of
the aggregate interest amounts payable on the notes. As a result,
there is no excess spread and the Sponsor pays the issuer costs in
accordance with the ongoing financing costs letter.

For the purpose of satisfying the applicable risk retention
requirements, Bank of America Europe DAC, Milan Branch (the VRR
Lender) advanced a EUR 6.2 million loan (the VRR Loan) to the
issuer on the closing date and Goldman Sachs Bank Europe SE (the
VRR Noteholder) subscribed for EUR 6.2 million in notes (the VRR
Notes and, together with the VRR Loan, the VRR Instruments) issued
by the issuer on the closing date. As at the closing date, the
aggregate principal amount of the VRR Instruments was EUR 12.4
million.

On the closing date, EUR 10,925,000 of the proceeds of issuance of
the Class A Notes together with EUR 575,000 of the amount drawn
under the VRR Instruments were used by the issuer to fund the
issuer liquidity reserve in an aggregate amount equal to EUR
11,500,000 and such amount was made available to provide liquidity
support to the covered notes and certain payments under the VRR
Instruments.

DBRS Morningstar understands that on the first IPD in August 2022,
an amount equal to EUR 1,818,153 has been inadvertently released
from the issuer liquidity reserve account as a result of a wrong
percentage reported in the definition of the issuer liquidity
reserve required amount in the issuer transactions documents. As a
result, 95% of the aforementioned amount was applied as principal
receipt to partially redeem the notes on a pro-rata basis, while
the remaining 5% was applied to pay the VRR Instruments
pre-acceleration liquidity reserve contribution amount into the
issuer liquidity reserve, in compliance with the pre-acceleration
principal allocation rules. However, no principal receipts occurred
on the securitized senior loans, whose outstanding balances
remained the same as at issuance.

As a result, the outstanding balance of the issuer liquidity
reserve stood at EUR 9,772,755 on the August 2022 IPD. DBRS
Morningstar estimates this amount to provide approximately 17.0
months of coverage, based on the cap strike rate of 1.0%, or 9.8
months of coverage, based on the 4% Euribor cap after the expected
note maturity date. The previous coverage, based on the initial
commitment amount of EUR 11,500,000, was instead equal to
approximately 20.0 months and 11.4 months based on the 1.0% cap
strike rate and the 4% Euribor cap, respectively. The estimated
coverage is therefore one-quarter shorter than the one estimated at
issuance. However, certain amendments were incorporated into the
Issuer transaction documents in order to replenish the issuer
liquidity reserve balance up the initial commitment amount.

In particular, the definition of issuer liquidity reserve required
amount has been amended to replace the reference to the wrong
percentage (5.18768395%) with the correct one (6.161873%).
Moreover, since the principal amount outstanding on the senior
loans is now exceeding the principal amount outstanding under the
notes by an amount equal to the funds inadvertently used to redeem
the notes (the rebalancing amount), there will be a surplus in the
interest paid on the senior loans over the interest payable for the
related period in respect of the notes. According to the amended
issuer transaction documents, this amount will be applied, on each
IPD going forward, to top-up the issuer liquidity reserve to its
required amount. In addition, as soon as there is a (voluntary or
mandatory) prepayment on a senior loan, an amount equal to the then
remaining rebalancing amount will be deducted from the note
principal receipts and will not be applied in accordance with the
pre-acceleration principal allocation rules. Such amount will
instead be applied as a super-senior item before the
pre-acceleration principal allocation rules are applied, to top-up
the issuer liquidity reserve to the corrected required amount.

DBRS Morningstar has reviewed the provisions included into the
amended issuer transaction documents, and has concluded that such
amendments will prevent a detrimental impact on the ratings
assigned to the notes as a result of the decreased availability of
third-party liquidity funds. Moreover, as both the senior loans are
performing well in line with expectations since issuance, DBRS
Morningstar did not revise any of its underwriting assumptions.

The loan maturity for both loans is May 2027, which is five years
after the utilization date. There are no extension options. The
final legal maturity of the Notes falls in May 2034, seven years
after the maturity of the loans. If necessary, DBRS Morningstar
believes that this provides sufficient time to enforce on the loan
collateral and repay the bondholders, given the security structure
and jurisdiction of the underlying loan.

Notes: All figures are in euros unless otherwise noted.


ENEL SPA: Egan-Jones Retains BB Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on December 15, 2022, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Enel SpA.

Headquartered in Rome, Italy, Enel SpA operates as a multinational
power company and an integrated player in the global power, gas,
and renewables markets.


ICCREA BANCA: DBRS Confirms BB(high) LongTerm Issuer Rating
-----------------------------------------------------------
DBRS Ratings GmbH confirmed the ratings of Iccrea Banca SpA (Iccrea
or the Bank), including the Long-Term Issuer Rating of BB (high)
and the Short-Term Issuer Rating of R-3. Concurrently, DBRS
Morningstar confirmed the Bank's Long-Term Deposit Rating at BBB
(low), which is one notch above the Intrinsic Assessment (IA),
reflecting the legal framework in place in Italy which has full
depositor preference in bank insolvency and resolution proceedings.
The trend on all ratings has been changed to Positive from Stable.
The Bank's IA is maintained at BB (high) and the Support Assessment
at SA3. See a full list of ratings at the end of this press
release.

KEY RATING CONSIDERATIONS

The confirmation of the ratings and the trend change to Positive
from Stable take into account Iccrea's key role as the central
entity of Gruppo Bancario Cooperativo Iccrea (GBCI or the Group),
the largest Italian cooperative banking group, its strong retail
funding and solid capital position, as well as the progress that
the Group is making to reduce its large stock of legacy
non-performing loans (NPLs) and simplify its structure. As a
result, in DBRS Morningstar's view, GBCI is in a stronger position
to withstand an expected deterioration in the operating environment
due to the ongoing high inflationary pressure, weaker economic
growth, and higher interest rates.

At the same time, we continue to view GBCI's underlying
profitability as relatively modest considering the low contribution
from fee income, modest operating efficiency and above-average
credit costs. However, in our view, the higher interest rates
coupled with further efficiency actions should support the Group's
core earnings generation going forward. GBCI's profitability in H2
2022 is also expected to benefit from the capital gain of over EUR
400 million resulting from the recent reorganization of the Group's
payment operations. Furthermore, while the combination of high
inflation and higher interest rates could pose risks to asset
quality in the medium term, we expect the cost of risk to remain
below the level experienced in recent years on the back of lower
stock of legacy NPLs.

The Bank's IA is positioned below the Intrinsic Assessment Range
(IAR). This in part reflects the scorecard results and the net
profitability level reported in H1 2022 which, in our view, was
boosted by non-recurring gains from the securities portfolio and
subdued credit costs.

RATING DRIVERS

An upgrade would require further improvements in asset quality and
core profitability while preserving sound capital buffers.

Given the Positive trend, a downgrade is unlikely at this time.
However, the trend could be revised to Stable in the event of a
significant formation of new NPLs or if GBCI fails to improve
profitability structurally.

RATING RATIONALE

Franchise Combined Building Block (BB) Assessment: Good/Moderate

Formed in March 2019, the Group is the largest cooperative network
in Italy with 120 small cooperative banks (BCCs) and total combined
assets of around EUR 176 billion at end-June 2022. The Group has an
extensive domestic footprint with around 2,500 branches and 22,000
employees evenly distributed across Italy, serving over 3 million
clients, mostly households and SMEs. Iccrea and the cooperative
banks are tied by a cohesion agreement which creates a framework
for more effective coordination and better controls within the
Group as well as the potential for more consolidation and
simplification of its complex structure. We note that the Group has
continued to streamline its operational structure by reducing the
number of BCCs and branches, while enhancing IT integration and
strengthening its commercial distribution model.

Earnings Combined Building Block (BB) Assessment: Moderate/Weak

GBCI's underlying profitability remains constrained by low margins,
subdued contribution from fee income, as well as modest operating
efficiency and above-average credit costs. However, the hike in
interest rates coupled with further efficiency actions and lower
loan loss provisions (LLPs) on the back of the improved risk
profile should support the Group's profitability going forward. In
H1 2022, GBCI reported net attributable income of EUR 676 million,
up 69% year-on-year (YoY), and an annualized Return on Equity (ROE)
of 12.4%, up from 7.5% in H1 2021. The increase was largely driven
by a higher contribution to net interest income (NII) from the
securities portfolio, mainly inflation-linked Italian government
bonds, as well as lower funding costs and lower LLPs. The
cost-to-income ratio was 62.6% in H1 2022, down from 65.7% in H1
2021, as calculated by DBRS Morningstar, thanks to the growth in
revenues. In H1 2022, GBCI's annualized cost of risk was 40 bps,
down from 90 bps in H1 2021. However, we expect the cost of risk to
increase from the level in H1 2022 due to increased risks to asset
quality resulting from high inflation and higher interest rates. In
addition, we expect H2 2022 results to benefit from the capital
gain on the disposal of BCC pay.

Risk Combined Building Block (BB) Assessment Moderate/Weak

As part of its de-risking strategy, the Group has continued to
reduce its stock of legacy NPLs, however its credit quality metrics
still compare unfavorably by international standards. Credit
quality has largely remained resilient during the pandemic, as loan
moratoria and other government-support measures have shielded the
Bank from a material asset quality deterioration. Most customers
have resumed their debt payments post moratoria.

As of end-June 2022, GBCI reported EUR 5.6 billion in gross NPLs,
down 33% YoY, corresponding to a gross NPL ratio of 5.9% (or 2.2%
net of provisions). At the same time, the total NPL coverage
strengthened to 64.1%, up from 57.4% one year earlier, also as a
result of the outcome of the ECB's Comprehensive Assessment. In
addition, we note that a high share of GBCI's NPLs are backed by
real estate collateral (71.5% of total, as of end-June 2022). Our
expectation is that the Group will continue to target a further
reduction in the stock of NPLs via disposals. This should more than
compensate for the impact of new NPL inflows that could materialize
from 2023 due to inflationary pressure and higher interest rates.

GBCI's risk profile also reflects a significant concentration in
Italian sovereign bonds which are largely classified at amortized
cost. The total portfolio of financial assets, including Italian
Sovereign bond securities, amounted to around EUR 71.5 billion as
of 1H 2022, of which 86% were classified at amortized cost,
therefore reducing capital sensitivity to credit spread changes.
Nevertheless, for the fixed income portfolio, we still take into
account the potential risks from unrealized losses on the back of
the recent spike in interest rates.

Funding and Liquidity Combined Building Block (BB) Assessment:
Good/Moderate

The Group maintains a stable funding position, mainly supported by
the large retail deposit base of the BCC's network. Access to the
wholesale market is centralized via Iccrea Banca. At end-H1 2022,
the Group had around EUR 109 billion in customer deposits (or 69%
of GBCI's total funding), up 6% YoY, and a loan-to-deposit ratio of
around 83%, as calculated by DBRS Morningstar. Households remain
the largest contributor to GBCI's deposit base, representing around
61% of the total. While remaining the Group's second main source of
funding at 18% of total, as of end-June 2022 GBCI's exposure to the
ECB was down 12% YoY, reflecting the partial repayment of TLTRO III
sources in Q2 2022, a trend we expect to continue. With the aim to
fulfil its MREL minimum requirements, the Bank recently issued a
EUR 350 million Senior Preferred bond with a maturity of five years
and a coupon of 6.375%.

Capitalization Combined Building Block (BB) Assessment: Moderate

GBCI's capitalization strengthened in recent years, supported by
retained earnings, de-risking, the supply of State-guaranteed
loans, and the issuance of subordinated instruments, which helped
to absorb the negative impact in the valuation reserve triggered by
the recent widening in the Italian sovereign spreads. However, the
Group's capital position remains constrained by the still high,
albeit reduced, level of NPLs and relatively modest underlying
internal capital generation. As of end-June 2022, GBCI's phased-in
CET1 and Total Capital ratios were 17.8% and 19% respectively, up
from 16.5% and 17.2% one year earlier. The resulting capital
buffers over regulatory minima were solid at 921 bps for CET1 ratio
and 567 bps for Total Capital ratio, excluding the ECB's flexible
regime on capital requirements which will end from January 1, 2023,
and incorporating the opportunity to partly fulfil the Pillar 2
Requirement (P2R) by CET1 Capital, with the P2R being 2.83% for
2022, up from the previous 2.5%. On a fully-loaded basis, the
Group's CET1 and Total Capital ratios stood at 17% and 18.2%
respectively, up from 15.4% and 16.1% at end-June 2021.

Notes: All figures are in EUR unless otherwise noted.




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

SAMRUK-KAZYNA: Fitch Assigns 'BB+' LongTerm IDR, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has assigned Samruk-Kazyna Invest LLP (SKI) Long-Term
Issuer Default Ratings (IDRs) of 'BB+' with a Stable Outlook.

The ratings reflect Fitch's view of SKI's links with Kazakhstan
(BBB/Stable) given its role as the investment arm of Sovereign
Wealth Fund Samruk-Kazyna JSC (SK, BBB/Stable), promoting equity
investments in non-recourse sectors.

Its assessment of support rating factors under Fitch's
Government-Related Entities (GRE) Criteria resulted in a score of
30 out of a maximum 60, which combined with a Standalone Credit
Profile (SCP) of 'b+', leads to SKI's IDR being two notches below
Kazakhstan's rating.

KEY RATING DRIVERS

Status, Ownership and Control: 'Strong'

Fitch views SKI as a public-mission GRE ultimately owned by the
state via its sole parent SK. SKI is tasked to aid its parent in
equity investment market development and national economy
diversification. The state's control over SKI is adequate via SK's
corporate governance and appointment of entity's the supervisory
council, which approves key management decisions and financial
statements.

In line with the national legislation, SKI is subject to
bankruptcy. However, its proximity to Kazakhstan underpins Fitch's
expectations of liability transfer to the state or its appointed
agent to prevent the entity's default.

Support Track Record: 'Very Strong'

SKI benefits from funding obtained from SK, this support includes
equity injections and debt purchase to cover mandated activities -
equity investments in renewable energy, agribusinesses and
processing industry and debt-funded operations on the capital
market.

Fitch expects quasi-state resources to remain the dominant funding
source for SKI's policy-driven activities over the medium term.
Departure from this in favour of market funding would lead to a
downward reassessment of the factor.

Socio-Political Implications of Default: 'Strong'

SKI's potential default would temporarily endanger the government's
economic diversification investment programmes and undermine its
efforts to develop a private-equity infrastructure in Kazakhstan.
SKI invests in projects in non-recourse sectors aiming to diversify
the national economy, aiding in the mission of its parent and
promotes development of private equity investment infrastructure.
Given the political sensitivities, Fitch sees significant political
repercussions for the sovereign if these services stopped due to
SKI's potential default.

Financial Implications of Default: 'Moderate'

A default by SKI would have a limited impact on Kazakhstan's or
other national GREs' borrowing capacity. This is primarily due to
modest size of its borrowing relative to other national GREs,
projected to remain on that level over the medium term, meaning
SKI's exposure to the capital market is low.

Fitch assesses SKI's SCP at 'b+' on the basis of its Non-Bank
Financial Institutions Rating Criteria. SKI's SCP is constrained by
a narrow franchise, which is fully dependent on the parent group
with the company operating as an investment arm of SK. Fitch also
considers a record of making losses largely stemming from high
exposure to market and currency risk, frequent changes in strategy
and a limited record of execution.

In its view, SKI's direct investment portfolio bears significant
risk, particularly considering its very high concentration (with
the seven largest investments amounting to 99% of these portfolio)
and a limited record of disposals with so far only one exit
completed. Management plans to reshape this portfolio, exiting most
of large legacy investments in 2023-2024 and replacing these with
new underwritings with a much smaller ticket. Fitch expects that
execution of this strategy could be very challenging particularly
on a tight timeline. Positively, direct investments are fully
funded with SKI's equity.

SKIs large portfolio of market instruments is mainly funded by US
dollar-denominated bonds issued by Bolashaq. These are long-term
placements (89% maturing in 2033) held by the parent.

A worsened leverage position, for example, if the entity's debt is
transferred to a third party, not linked with the Kazakh government
or new debt is issued to third parties could lead us to lower the
SCP. Conversely, Fitch could revises SKI's SCP upward if the
company establishes a much better-defined franchise and business
model, or stabilises and significantly improves earnings in the
long term.

Derivation Summary

Fitch classifies SKI as a GRE of Kazakhstan under its GRE Criteria,
as it looks through the chain of control despite ownership through
SK. Under the GRE Criteria, Fitch applies a top-down approach based
on its assessment of the strength of linkage with and incentive to
support by the sovereign.

SKI has a score of 30 points under its GRE Criteria, resulting in
its IDR being notched down twice from the Kazakhstan sovereign IDR,
given its 'b+' SCP, which at more than four notches away from the
sovereign is not a rating driver.

National Ratings

The 'AA(kaz)' National Long-Term Rating is mapped to SKI's
Long-Term Local-Currency IDR.

Liquidity and Debt Structure

SKI's debt totalled KZT118.8 billion at nominal value at end-2021,
issued by SKI's subsidiary Boloshaq Investments, and is solely
composed of local unsecured bonds, wholly US dollar-denominated

SKI's interim liquidity position is robust, underpinned by the
liquid nature of its market investments. The only near-term
maturity is a USD28 million bond (in 2024) currently held by the
related party. At end-2021 cash and cash equivalents increased to
KZT34.8 billion (2020: KZT15.3 billion).

Issuer Profile

SKI is an investment company, operating under SK, promoting
diversification of Kazakhstan's economy and development of
private-equity infrastructure. With assets worth of KZT173 billion,
SKI focuses on non-resource sectors of the economy, aiding SK in
fulfilling its mission of diversifying the economy.

RATING SENSITIVITIES

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

Changes in SKI's links to the state, leading to a weakening of
support by the sovereign could cause the rating notching to widen,
resulting in a downgrade. Negative rating action on Kazakhstan
would also be reflected in SKI's ratings.

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

Tighter integration with the sovereign could cause to narrower
notching, resulting in an upgrade. Positive rating action on the
sovereign's IDRs may also positively affect SKI's ratings.

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.

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

SKI's IDRs are linked to the Kazakhstan's sovereign IDRs

   Entity/Debt              Rating        
   -----------              ------        
Samruk-Kazyna
Invest LLP         LT IDR    BB+      New Rating
                   ST IDR    B        New Rating
                   LC LT IDR BB+      New Rating
                   LC ST IDR B        New Rating
                   Natl LT   AA(kaz)  New Rating



===================
L U X E M B O U R G
===================

AMAGGI LUXEMBOURG: Fitch Affirms Sr. Debt at 'BB', Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed Andre Maggi Participacoes S.A.'s
(Amaggi) Long-Term Foreign and Local Currency Issuer Default
Ratings (IDRs) at 'BB' and National Long-Term rating at 'AA+(bra)'.
Fitch has also affirmed Amaggi Luxembourg International S.a r.l.'s
senior debt at 'BB'. The Rating Outlook is Stable.

KEY RATING DRIVERS

Expected Decrease in RMI-Adjusted Net Leverage Ratio: Amaggi's RMI
net-adjusted leverage is projected to increase towards 3.8x in 2022
(3.6x in 2021), and decrease toward 3.5x in 2023. Net leverage in
2022 was impacted by higher capex following the acquisition of
Tropical land farms (USD120 million) and lower profitability from
the agro-division, due to weak cotton yields resulting from adverse
weather conditions and higher logistic costs.

Fitch expects total investments of about USD453 million in 2022
(USD142 million in 2021), and projects an increase of adjusted
EBITDA to close to USD500 million in 2022 (USD453 million in 2021),
driven by the good performance of the commodity segment due to
higher prices for corn and soybean. Fitch expects the production of
crops (soybean, corn, cotton) from the new land acquired to
materially contribute to EBITDA from 2024 onward.

For credit purposes, Fitch considers RMI-adjusted leverage when
evaluating agricultural processors and calculates RMI-adjusted
leverage by first subtracting the structural inventory required to
operate a downstream processing facility on a steady state basis.
This inventory is generally not readily available for liquidation
purposes with a going-concern entity. A 10% discount is taken for
the remaining merchandisable inventory (25% of cotton) to account
for potential basis risk loss. RMI is projected close to USD350
million at YE 2022.

Integrated Business Profile: Amaggi has a regionally-integrated
agribusiness footprint with a leading position in the production,
origination, and commercialization of grains from Mato Grosso state
in Brazil. The company produces and commercializes agricultural
products that include soybeans, corn, cotton (second crop), soybean
meal and fertilizers. The company is self-sufficient in terms of
energy and benefits from its logistic segment, which includes the
management of its own hydro transportation system (Hermasa) and
access to other navigation routes, warehouses and terminals through
JVs or companies where the group has a minority interest.

The group's competitive advantages include its location,
vertical-integration and export-driven business model.
Approximately 83% of revenues are generated outside Brazil. The
company owns 306,000 hectares of agricultural land, of which
175,000 hectares are farmable as of 3Q22. The company also leases
another 60,000 hectares of farmable land from third parties, for a
total of 235,000 hectares of land available for production.

Price and FX Risk Management: Amaggi and other agricultural
processors are subject to commodity price and margin call
variations affected by a wide range of unpredictable
macro-environmental conditions, and supply and demand imbalances
for commodities. Future contract transactions to avoid exposure to
commodity prices result in relevant volumes of margin calls that
the company closely monitors. Margin calls amounted to about
approximately USD244 million in 2021 and are expected to reach
approximately USD65 million in 2022.

Origination and Counterparty Risks: Amaggi is subject to intense
competition with other large multinational grain companies (ADM,
LDC, Cargill, Bunge) in the acquisition of grains in Mato Grosso,
which is an abundant region for soy and corn. This risk is
mitigated by the group's capacity to process large volumes thanks
to its logistics, which enable the company to compete with peers in
terms of market share.

Advances in financing to farmers are provided under strict criteria
with the use of CPRs (rural credit notes) for collateral. No single
producer represents more than 1.4% of Amaggi's annual origination.
Working capital is seasonal, and part of its grain origination
requires some advances to suppliers. Margin calls are subject to
price changes and volume originated. Net derivatives exposure (FX,
commodities, interest rates) was approximately -USD18 million and
USD160 million, respectively, as of YE 2021 and Sept. 30, 2022.

Country Ceiling Analyst: The Foreign Currency IDR is not capped by
Brazil's 'BB' Country Ceiling rating, due to the company's exports
in hard currency and cash abroad that cover Foreign Currency
interest expenses. A multi-notch downgrade of Brazil's Country
Ceiling could lead to a downgrade of the company's ratings.

DERIVATION SUMMARY

Fitch views Amaggi's business risk profile as weak relative to
peers, Bunge Limited (BBB/ Positive), Cargill Incorporated
(A/Stable), and Archer Daniels Midland Company (ADM) (A/Stable),
due to its smaller operational scale, lower diversification, and
substantial concentration in one region. Fitch also considers the
risks related to the agribusiness industry in Brazil, which
includes the exposure to great supply and demand imbalances,
weather patterns, trade-related wars, government policies,
agricultural crop breaks, deforestation and alternative usage of
the land.

Although Amaggi´s consolidated profitability is satisfactory, it
remains exposed to strong competition within the industry, with the
presence of important international groups operating with strong
credit profiles.

The company's operations are concentrated in Mato Grosso, Brazil,
which subjects the company to the Brazil's 'BB' Country Ceiling. As
most revenues are derived from export markets, Fitch believes the
rating could be maintained if the Brazilian country ceiling were
downgraded by no more than one notch. When combined with higher
average leverage, these factors result in lower ratings than peers
(Bunge, ADM, Cargill).

KEY ASSUMPTIONS

- Adjusted EBITDA of about USD500 million;

- Relatively stable yoy RMI levels close to USD350 million;

- RMI adjusted net leverage of about 3.8x by YE 2022 and toward
3.5x at YE 2023.

RATING SENSITIVITIES

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

- Improved scale and geographical diversification;

- RMI-adjusted net leverage (RMI adjusted total net debt to
operating EBITDA) below 2.5x range on a sustained basis;

- Liquidity ratio (cash and marketable securities+RMI+account
receivables/Total short-term liability) above 1x on a sustainable
basis;

- Secured debt/EBITDA below 1x.

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

- Loss of business diversification;

- RMI-adjusted net leverage (RMI adjusted total net debt to
operating EBITDA) sustained above 3.5x range on a sustainable
basis;

- Liquidity ratio (cash and marketable securities+RMI+account
receivables/Total short liabilities) below 0.8x at year-end;

- Secured debt/EBTIDA above 2.5x;

- A multi-notch downgrade of Brazil's Country Ceiling and inability
to cover hard currency interest expenses by offshore cash and
exports.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: The diversified sources of external liquidity
used for short-term working capital financing -- combined with
cash, short-term marketable securities and high levels of liquid
RMI -- provide Amaggi with adequate financial flexibility. As of
Sept. 31, 2022, Amaggi reported consolidated cash and marketable
securities of USD894 million, covering 0.7x the USD1.3 billion of
short-term debt. The company also has access to several uncommitted
bank lines and maintains a minimum cash policy of USD400million.
The company's liquidity ratio based on total current liabilities
was about 0.8x as of Sept. 30, 2022.

ISSUER PROFILE

Amaggi operates in an integrated and synergistic way throughout the
agribusiness chain: agricultural production, river and road
transport, port operations, origination, processing and
commercialization of grains and inputs, generation and
commercialization of electricity.

ESG CONSIDERATIONS

Andre Maggi Participacoes S.A. has an ESG Relevance Score of '4'
for Waste & Hazardous Materials Management; Ecological Impacts due
to due to the ecological impact related to land use, as a large
part of the volume of grain coming from the commodity business come
from Amazon and Cerrado Biomes, which has a negative impact on the
credit profile, and is relevant to the rating[s] in conjunction
with other factors.

Andre Maggi Participacoes S.A. has an ESG Relevance Score of '4'
for Group Structure due to related-party transaction and the
complexity of group structure, which has a negative impact on the
credit profile, and is relevant to the rating[s] in conjunction
with other factors.

Andre Maggi Participacoes S.A. has an ESG Relevance Score of '4'
for Governance Structure due to due to lack of board independence
as the company is privately controlled, which has a negative impact
on the credit profile, and is relevant to the rating[s] in
conjunction with other factors.

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.

   Entity/Debt                 Rating                 Prior
   -----------                 ------                 -----
Amaggi Luxembourg
International
S.a r.l.
  
   senior unsecured   LT        BB       Affirmed       BB

Andre Maggi
Participacoes
S.A.                  LT IDR    BB       Affirmed       BB
                      LC LT IDR BB       Affirmed       BB
                      Natl LT   AA+(bra) Affirmed   AA+(bra)

LUNA III: Fitch Affirms LongTerm IDR at 'BB', Outlook Stable
------------------------------------------------------------
Fitch Ratings has affirmed Luna III S.a.r.l's (Luna) Long-Term
Issuer Default Rating (IDR) at 'BB' and its EUR1,250 million term
loan's senior secured rating at 'BB+' with a Recovery Rating of
'RR2'. The Outlook on the Long-Term IDR is Stable.

The rating affirmation reflects a resilient business model under
the current inflationary and recessionary environment, with a
predictable revenue stream backed by long-term waste contracts with
municipalities with limited volume and price risk, largely in
Spain. The business is complemented by shorter-term and more
volatile contracted revenue with industrial and commercial (I&C)
counterparties. It also reflects a leveraged capital structure and
exposure to rising interest rates, which weakens coverage ratios
over the period to 2025.

The Stable Outlook reflects the positive growth trends in Luna's
main markets and lower-than-expected leverage in the short term,
with leverage metrics consistently within its rating sensitivities
for the 'BB' up to 2025. The rating is based on the consolidated
profile of Luna, the topco, and the Urbaser group.

KEY RATING DRIVERS

Resilient Against Cost Inflation: Contractual provisions to allow
for timely CPI adjustments or formulas to capture raw materials-,
fuel- and labour-cost increases are in place for the majority of
the company's contracts. At the same time, increased prices for
energy income and by-products are temporarily helping to offset
increased cost of energy in 2022-2023. Fitch forecasts
inflation-induced growth for Luna's existing portfolio revenue,
albeit with some time lag, which will allow Luna to defend its
profitability against cost inflation.

Growing Contract Backlog: Lunas's total backlog of contracts was an
all-time high EUR12.8 billion at end-2021 (up 8% y-o-y) and covered
around five years of total consolidated revenue, before it
increased further to EUR13.5 billion as of September 2022. Growing
backlog is due to a combination of inflation-induced growth of
existing contracts, new contract wins (or greater scope of services
for existing ones) and, secondarily, a perimeter-change effect
following recent bolt-on acquisitions. The contract renewal rate in
2021 stood at 85%, reflecting Luna's strong market position, high
barriers to entry, and good technological capabilities.

Lower Contract Renewal Risk: Luna was successful in renewing and
increasing the scope of services of flagship contracts (ie.
Barcelona and Madrid) in 2021 and 2022, while for 2023-2025 renewal
risk is likely to be lower as no relevant contracts are coming due.
New wins have fully offset contracts losses, (ie. the Las Lomas MSW
treatment plant) and non-core disposals (ie. Socamex, water
concessions, and Sirsa, indoor cleaning, both in Spain).

Positive Recent Trading: Luna's reported EBITDA increased 27% y-o-y
in 9M22, supported by repricing of existing contracts to account
for high inflation, new contracts wins largely in Spain and recent
business acquisitions. In addition, it was supported by recovery in
C&I volumes and waste-to-energy plants post-pandemic and increased
volumes and prices of recycled by-products. However, Fitch expects
energy and by-products prices to normalise in 2024-2025.

Lower-Than-Expected Leverage Post-Acquisition: Fitch projects funds
from operations (FFO) net leverage to decrease to 4.1x in 2022,
boosted by significantly higher cash flows in 2022, and for it to
be slightly below 5.0x for the remaining period to 2025, which is
below its sensitivity of 5.2x for the rating. This is better than
its last year's expectations of post-acquisition leverage breaches
until 2023. On the contrary, FFO interest coverage is weak for the
rating on average at around 2.5x (in line with its negative
sensitivity) given Luna's high exposure to floating-rate debt, in
particular for its EUR1,250 billion term loan.

High Capex Cycle: Following strong contract renewals in 2021-2022
and new acquisitions, Luna's capex will increase significantly in
2022-2023. Total capex plan for 2022-2025 is EUR1.3 billion, of
which around 70% is allocated to new projects. The peak in capex in
2023 at a high EUR470 million also reflects some slippage of capex
in 2022 due to supply-chain constraints. This drives material
negative free cash flow (FCF) and some re-leveraging in 2023 to
4.9x, from 4.1x in 2022.

Efficiency Savings Plan Underway: Luna's shareholder (Platinum
Equity) introduced an efficiency programme to improve the cost
structure of Luna, mainly linked to procurement process,
working-capital management and workforce productivity, and to
reinforce the ESG profile of the group. Operational improvements
expected in 2022 are around EUR20 million, 2x higher than the
original plan. Overall the efficiency plan is credit-positive as it
supports Luna's profitability, in its view.

Public Policy-Driven Growth in Europe: Public policies promoting
the circular economy provide growth opportunities for waste
collection and treatment in the EU. Fitch sees Europe, which
accounted for 78% of Luna's total revenues in 2021, as a key area
for growth as new incineration capacity is still needed to replace
landfill. Fitch expects the introduction of landfill taxes to have
a neutral impact as the costs will largely be passed on to
customers.

Moderate Concentration/Country Risk: Concentration risk is lower
than sector peers', with the top-20 contracts at around 31% of
total revenue and a revenue-weighted residual life of 9.5 years at
end-2021. Luna's contractual base is granular for the remaining
69%. It has a moderate presence in Argentina (8% of total revenue
in 2021), with risks related to hyperinflation and currency
depreciation being partially offset by contract indexation clauses
(revised every three months) and Argentinian peso-denominated debt.
Capex in Argentina is fully funded through own generated cash.

Senior Secured Warrant One-Notch Uplift: The senior secured lenders
benefit from pledges over the shares of the guarantors (totaling
around 80% of consolidated EBITDA), material bank accounts and
intercompany receivables, hence leading to the uplift of one notch
versus the IDR. This is based on its expectation of a stable level
of prior-ranking debt over the forecast period.

DERIVATION SUMMARY

Luna's credit rating is supported by a strong business profile that
compares favourably with most peers', while its higher leverage
than peers' constrains the rating to the 'BB' category.

Fitch sees local competitor, FCC Servicios Medio Ambiente Holding
S.A.U.'s (FCC MA; BBB-/Stable), as the closest peer for Luna. Fitch
sees only slightly better business risk for FCC MA due to its
stronger market positioning in Spain, slightly better credit
quality of its international expansion (mainly Europe and US for
FCC MA versus Latam and Europe for Urbaser) and higher execution
risk associated with bolt-on acquisitions for Urbaser. Luna's
current strategy to refocus on core activities and in developed
countries is narrowing the gap between the two in business profile,
although the acquisition of Urbaser by Platinum Equity has widened
the gap for leverage.

Seche Environnement S.A (BB/Stable; Séché), a French small waste
operator specialising in the niche markets of material recovery,
energy recovery and hazardous waste management, has a lower
contracted share of business and higher exposure to industrial
customers, which results in a lower debt capacity than Luna's.
However, this is fully offset by Séché's substantially lower
leverage metrics.

Luna is much smaller than Veolia Environnement S.A. (BBB/Stable)
and lacks meaningful diversification into energy. However, Veolia
has higher exposure to C&I customers for their waste operations.
Overall higher business risk for Luna and a stronger financial
profile for Veolia underpin the three-notch rating differential
between Luna and Veolia.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

- Tariff revision reflecting CPI forecasts and foreign exchange of
countries of operations

- Renewal rate of 83% for waste collection contracts and 90% for
waste treatment to 2025

- For 2022 Fitch expects (i) recent contract awards to bring EUR150
million in revenues, (ii) inflation indexation to add another EUR70
million, (iii) while construction & other activities represent a
turnover increase of EUR160 million. All in all, Fitch foresees
revenues to reach close to EUR3 billion in 2022 and remain at a
stable level until 2025.

- Fitch-defined EBITDA (including finance and operating leases as
expenses) margin on average at around 15.4% for 2022-2025

- Effective interest rate to average 7.5% for 2022-2025

- Fitch-assumed capex to average slightly above EUR300 million per
year for 2022-2025. Fitch expects a sharp rise in capex in
2022-2023 followed by normalisation to 2025

- No meaningful M&A until 2025

- No dividend distributions until 2025

- Restricted cash of EUR41.4 million linked to project-finance
reserve accounts, overseas blocked cash and working-capital needs

RATING SENSITIVITIES

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

- Deleveraging leading to FFO net leverage below 4.4x (or EBITDA
net leverage below 4.0x) and FFO interest coverage above 3.5x (or
EBITDA interest coverage above 3.8x) on a sustained basis

- Positive-to-neutral FCF

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

- FFO net leverage above 5.2x (or EBITDA net leverage above 4.7x)

- FFO interest coverage below 2.5x (or EBITDA interest coverage
below 2.8x) on a sustained basis

- Material changes to concessions or public-contract agreements or
regulatory frameworks, to the extent that such changes are not
financially favourable

LIQUIDITY AND DEBT STRUCTURE

Healthy Liquidity: Luna's liquidity position was enhanced by the
long-term structure of the financing package at the time of the
acquisition of Urbaser by Platinum Equity. Cash and cash
equivalents at end- 2021 were EUR313 million (after Fitch's
adjustments to readily available cash). Available committed credit
facilities of EUR340 million maturing in 2028 (EUR60 million RCF
drawn by end-2021) are sized to cover capex requirements to 2025.
Luna is a highly cash-generative business, but the ramp-up in capex
leads to negative FCF, largely in 2023. Luna's liquidity is enough
to cover small debt maturities and negative FCF to 2025.

Funding sources are concentrated in local and international
financial institutions. Luna has no capital market debt. It has no
maturities until 2028, when the EUR1,250 million term loan B
matures. Around EUR330 million of project funding debt has an
amortising profile.

ISSUER PROFILE

Luna is the ultimate parent of the Urbaser Group since the
acquisition of the latter by Platinum Equity in October 2021. It is
a holding, non-operating company that indirectly owns 100% of
Urbaser S.A.Unipersonal and the acquisition debt. Urbaser Group is
a leading Spanish integrated waste management company providing
domestic waste collection and street cleaning activities (44% of
EBITDA in 2021) as well as solid waste treatment activities (56%;
transfer, sorting, packaging, waste-to-energy, composting,
landfills).

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.

   Entity/Debt             Rating        Recovery   Prior
   -----------             ------        --------   -----
Luna III S.a r.l.   LT IDR BB  Affirmed                BB

   senior secured   LT     BB+ Affirmed     RR2       BB+



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

SIGMA HOLDCO: Fitch Affirms 'B' LT IDR, Alters Outlook to Stable
----------------------------------------------------------------
Fitch Ratings has revised the Outlook on Sigma Holdco BV's
(Upfield) Long-Term Issuer Default Rating (IDR) to Stable from
Negative and affirmed the IDR at 'B'. Fitch has also affirmed the
long-term senior secured rating on the senior secured facilities
issued by Upfield USA Corp and Upfield B.V. at 'B+'/RR3 and on the
company's senior unsecured notes at 'CCC+'/RR6.

The revision of the Outlook reflects its expectation of resilient
profit performance in 2022-2023 thanks to significant, albeit
delayed, price pass-through of input cost increases and the benefit
of cost-savings programmes. This should allow the company to
continue generating strong cash flow and resume its deleveraging
trajectory after a leverage spike in 2021-2022.

The 'B' rating continues to reflect the company's moderately strong
business profile of a geographically diversified global category
leader, with good EBITDA margins, counterbalanced by the persisting
execution risks from fully reversing the trend of volume declines
for margarine and spreads in developed markets.

KEY RATING DRIVERS

Resilient EBITDA: The company has experienced a significant
increase in input costs since end-2021. Thanks to price increases
implemented during 2022 profits began to recover in Q322, which
means Fitch expects a strong EBITDA performance for 2022 with an
increase of around 12%-14%. While price increases have led to an
acceleration of volume declines, margarine has continued to
demonstrate its value proposition in a recessionary environment,
with a price point around half the level of butter.

In 2023, Fitch expects the company will need to adjust its prices
down as the likely drop in vegetable oil inputs and substitute
butter will put downward pressure on prices. However, this process
will be gradual and should allow Upfield to retain the gross profit
improvement achieved in the year.

Excessive Leverage: Upfield's funds from operations (FFO) gross
leverage remains high, at 10x in 2020-2021 and based on its
projections for 2022, only slightly below 9.0x. However, Fitch
expects some deleveraging over 2022-2023 as both EBITDA and FFO
should grow and positive free cash flow (FCF) should allow
repayment of the drawn amounts under the revolving credit facility
(RCF). Fitch projects FFO-based leverage and EBITDA leverage will
drop below the negative rating sensitivities of 8.5x and 7.5x,
respectively, in 2023. This will enable the company to rebuild its
rating headroom and approach 2025, when most of its debt will need
to be refinanced, with more sustainable net debt/EBITDA of around
6.5x.

FCF Supports Cash Accumulation: Fitch expects Upfield to generate
positive FCF of around EUR200 million annually from 2022 as its
separation and restructuring charges have reduced from around
EUR300 million a year over 2019-2020. Fitch assumes annual cash
one-off charges will not exceed EUR50 million in 2022-2022 and that
limited capex of under EUR100 million will allow Upfield to
generate FCF at mid-to-high single digits of sales, despite
increased interest charges. The strong FCF margin differentiates
Upfield from its peers, allowing higher leverage than the 'B'
category median.

Volume Stabilisation: The margarine category is exposed to changing
eating habits driven by migration from yellow fats towards olive
oil and by consumer perceptions that butter is healthier and
tastier than margarine, particularly in developed markets. This is
reflected in Upfield's ESG Relevance Score of '4' for Exposure to
Social Impacts. The company managed to stabilise organic sales over
2019-2021, thanks to active marketing, product innovation and
relaunch plan to turn around the perception of its products,
leveraging on trends favouring consumption of plant-based food
products.

Fitch believes that once the pressure on volumes from prices
increases introduced in 2022 to pass on high input costs abates,
the company should start moderately growing volumes. This will be
particularly the case if its communication and product innovation
strategy is successful in key European countries such as Germany,
France, Poland, and the Nordics.

Global Category Leader: The rating is supported by Upfield's
leading position in the global margarine market, with major market
shares in the countries of wider consumption of the product. Its
sales are over three times larger than the second-leading company
in its broader reference market of butter and margarine. The rating
also considers Upfield's leading market shares in the high-growth
plant-based cheese category but this only accounts for around 5% of
its sales based on its estimates.

DERIVATION SUMMARY

Upfield is capable of generating significantly higher FCF than most
packaged-food companies with comparable revenue due to a
higher-than-average EBITDA margin and very low capex needs. These
considerations are also relevant when Fitch compares Upfield with
consumer goods companies such as Sunshine Luxembourg VII SARL
(Galderma; B/Stable) or Oriflame Investment Holding Plc
(B/Negative).

Upfield's profits also benefit from greater stability than those of
Galderma and Oriflame, despite the long-term decline in Upfield's
sales from its core product (margarine) and disruption to the
business suffered in 2020 from the carve-out process. However, this
is balanced by Upfield's significantly higher leverage compared
with rated peers in the packaged food segment, or relative to
Oriflame.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

Organic sales growth accelerating to around 18% in 2022, driven by
significant increase in sales prices but volumes contracting;
followed by mid-single digits in 2023 and flat in 2024-2025;

Low teens increase in EBITDA in 2022, albeit with the margin
reducing due to cost inflation; margin partly recovering toward 22%
in 2023-2025;

Annual one-off cash outflows related to business restructuring of
EUR50 million in 2022 and 2023;

Annual capex at around EUR90 million in 2022-2024, gradually
declining to EUR70 million in 2025

No M&A assumed until the RCF is repaid.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that Sigma would remain a going
concern in restructuring and that it would be reorganised rather
than liquidated. Fitch has assumed a 10% administrative claim in
the recovery analysis.

The EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganisation EBITDA level of EUR560 million, on which Fitch
bases the enterprise value, a level at which the capital structure
would become unsustainable. This represents a 20% discount to last
12 months (LTM) September 2022 EBITDA of EUR698 million.

Fitch also assumes a distressed multiple of 6.0x, reflecting
Sigma's large size, leading market positions and high inherent
profitability compared with sector peers. Fitch assumes Sigma's
EUR700 million RCF would be fully drawn in a restructuring
scenario.

Its waterfall analysis generates a ranked recovery for term loan B
(EUR4,473 million outstanding at end-September 2022) creditors in
the 'RR3' band, indicating a 'B+' instrument rating assigned to the
secured debt, one notch above the IDR. The waterfall analysis
output percentage on current metrics and assumptions is 57%.
Conversely, its analysis generates a ranked recovery in the 'RR6'
band, indicating a 'CCC+' rating for the unsecured notes (EUR1,176
million outstanding at end-September 2022) with 0% recovery
expectations based on current metrics and assumptions.

RATING SENSITIVITIES

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

- Steady profitability with FCF generation of mid-single digits on
a sustained basis.

- FFO gross leverage reducing towards 7.0x and EBITDA leverage
reducing towards 6.0x.

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

- Failure to execute the product relaunch strategy resulting in a
sustained organic decline in sales and structural deterioration of
the EBITDA margin.

- FFO gross leverage staying above 8.5x and EBITDA Leverage above
7.5x on a sustained basis.

- Inability to generate positive FCF margin at mid-single digits
due to higher-than-expected restructuring charges or unfavourable
changes in working capital.

- EBITDA interest coverage ratio below 2.0x

LIQUIDITY AND DEBT STRUCTURE

Satisfactory Liquidity: At end-September 2022, Upfield had
unrestricted cash of EUR206 million. Upfield has access to an RCF
of EUR700 million, of which EUR279 million was drawn as of 30
September 2022. Fitch expects the facility to be partially repaid
by the end of 2022, with a remaining balance of EUR100 million to
be repaid in 2023.

Liquidity is also supported by its expectation of good FCF
generation of around EUR200 million per year. The company also has
access to a factoring line, of which EUR94 million was utilised at
end-2021.

ISSUER PROFILE

Upfield is the largest margarine producer globally.

ESG CONSIDERATIONS

Upfield has an ESG Relevance Score of '4' for Exposure to Social
Impacts due to adverse impact on its revenue performance from
concerns by consumers in some of the company's markets about the
healthiness of its products, which has a negative impact on the
credit profile, and is relevant to the ratings in conjunction with
other factors.

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.

   Entity/Debt             Rating            Recovery   Prior
   -----------             ------            --------   -----
Upfield USA Corp
  
   senior secured     LT     B+    Affirmed     RR3        B+

Upfield B.V.

   senior secured     LT     B+    Affirmed     RR3        B+

Sigma Holdco BV       LT IDR B     Affirmed                B

   senior unsecured   LT     CCC+  Affirmed     RR6      CCC+



===========
N O R W A Y
===========

NORWEGIAN AIR: Egan-Jones Retains C Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on December 15, 2022, maintained its
'C' foreign currency and local currency senior unsecured ratings on
debt issued by Norwegian Air Shuttle ASA. EJR also maintained its
'D' rating on commercial paper issued by the Company.

Headquartered in Bærum, Norway, Norwegian Air Shuttle ASA provides
airline services.




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

CAIXA ECONOMICA: Fitch Hikes LongTerm IDR to 'B', Outlook Positive
------------------------------------------------------------------
Fitch Ratings has upgraded Caixa Economica Montepio Geral, Caixa
economica bancaria, S.A.'s (Banco Montepio) Long-Term Issuer
Default Rating (IDR) to 'B' from 'B-' and Viability Rating (VR) to
'b' from 'b-'. The Outlook on the Long-Term IDR is Positive.

The upgrade primarily reflects Banco Montepio's successful
reduction in its non-performing exposure (NPEs, as defined by the
European Banking Authority). This has resulted in a significant
decline in the level of capital encumbered by legacy problem assets
(NPEs, net foreclosed assets, investment properties and
restructuring funds). The resilience of the Portuguese economy in
2023, even in light of growing economic uncertainties, as well as
the bank's improved operating efficiency further underpin today's
upgrade.

The Positive Outlook reflects Banco Montepio's improved recurring
earnings prospects from a lower-risk balance sheet, better
operating efficiency and higher interest rates, which could result
in an upgrade of the bank if its NPEs ratio declines further in
line with its expectations.

KEY RATING DRIVERS

Capital, Asset Quality Drive Ratings: Banco Montepio's VR is one
notch below its 'b+' implied VR because Fitch considers the bank's
capitalisation and leverage (scored 'b') as its weakest link. Its
capitalisation remains vulnerable given high capital encumbrance
from unreserved problem assets.

Asset quality remains weaker than Portuguese peers' despite recent
notable progress, resulting in structurally high levels of problem
assets. The ratings also reflect weak and potentially volatile
profitability due to a moderate franchise and a business model that
is highly sensitive to interest-rate cycles, which at times makes
the bank reliant on the realisation of gains on the sale of
securities.

Vulnerable Capitalisation: Capitalisation has improved since 2020
and the total capital ratio reached 15.4% at end-September 2022.
This creates a modest buffer above Banco Montepio's overall capital
requirement of about 14% in 2022, including combined buffer
requirements. Unreserved problem assets accounted for about 80% the
bank's fully-loaded common equity Tier 1 (CET1) capital at
end-September 2022. This is lower than in the past but still
renders capital ratios vulnerable to asset-quality shocks and
remains materially above peers'.

Small Franchise in Portugal: Banco Montepio is a small bank in the
Portuguese market. The bank's business model is centred on
traditional retail-and-commercial banking with limited
diversification, and relies on net interest income. The recent
reduction of legacy problem assets and improved profitability
supports the long-term stability of its business profile. The
announced sale of Finibanco Angola, S.A. further simplifies Banco
Montepio's organisational structure and should reduce earnings
volatility.

Weaker Risk Profile Than Peers': Banco Montepio's risk profile has
improved over the economic cycle and appetite for higher-risk
lending has decreased in line with the improvement in the
Portuguese operating environment. This has led to better asset
quality due to active management of impaired loans and foreclosed
real estate assets, and more prudent underwriting standards. Banco
Montepio focuses on secured lending and is mainly exposed to retail
customers (individuals and small businesses).

High Level of Problem Assets: Fitch estimates that the problem
assets ratio has reduced to about 10.2% at end-September 2022, when
including net foreclosed assets and investment properties, which
remains higher than at higher-rated southern European banks. Its
NPE ratio fell to 6.9% at end-September 2022, and we expect it to
decrease further in 2023.

Fitch expects moderate inflows of new impaired loans in 2023, and
asset quality should continue to improve, mostly through the
organic reduction of its legacy real estate foreclosed assets. The
adequate quality of other earning assets (a large cash buffer and
securities portfolio) support our assessment of Banco Montepio's
asset quality.

Weak but Improving Profitability: Banco Montepio's weak core
profitability is due to a lack of scale and limited
diversification, as well as low operating efficiency. Lower
loan-impairment charges (LICs) resulted in a small profit for 2021,
and operating profit reached a moderate 1% of risk-weighted assets
(RWAs) in 9M22. This compares with an average of -0.15% for
2018-2021.

The bank's management has delivered to a large extent on its
operating efficiency plan, supporting a structural improvement in
earnings generation, which should also benefit from rising interest
rates from 2023.

Confidence-Sensitive Funding: Banco Montepio is mainly
deposit-funded and its liquid asset buffer is adequate in light of
low upcoming wholesale debt maturities. The bank's liquidity
profile remains sensitive to changes in creditor sentiment and to
the Portuguese operating environment, but has proved fairly stable
recently. Access to wholesale markets is less established than for
peers but will be pivotal to the bank meeting its minimum
requirement for own funds and eligible liabilities (MREL) within
the next two years.

RATING SENSITIVITIES

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

Fitch could revises the Outlook on the Long-Term IDR back to Stable
if Fitch no longer expects Banco Montepio's asset quality and
recurring profitability to improve, particularly if reduction in
foreclosed assets is lower than currently anticipated, which would
keep capital encumbrance at high levels.

Rating downside would also arise from a reduction in capital
buffers over regulatory requirements. This could result from strong
and unexpected economic shocks to the Portuguese economy, which
could lead to material deterioration of asset quality, large credit
losses and, ultimately, capital erosion. The ratings could also
come under pressure if Banco Montepio fails to remain profitable,
despite improved asset quality, illustrating structural weaknesses
of the business model and challenges in attracting new business.

Failure to comply with its MREL requirement would also be
rating-negative, as it would signal an inability to access
wholesale debt markets.

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

The Positive Outlook on Banco Montepio's Long-Term IDR indicates
that an upgrade is likely in the next 12-18 months, notably if the
bank continues to improve its capitalisation. This could be
achieved by further executing on its restructuring plan in line
with its expectations, thus improving organic capital generation.

Reduced capital encumbrance from net impaired loans and foreclosed
real estate assets closer to 60% of fully-loaded CET1, driven by a
sustained reduction in the problem assets ratio below 8%, and NPEs
ratio below 5%, while maintaining at least modest buffers over
regulatory capital requirements, are the most likely triggers for
an upgrade.

A longer record of improved profitability with an operating profit
consistently above 0.25% of RWAs would also be positive for the
banks' ratings in conjunction with further improvements in asset
quality and capital.

OTHER DEBT AND ISSUER RATINGS: KEY RATING DRIVERS

DEPOSIT RATINGS

Following the upgrade of the Long-Term IDR, Fitch has upgraded
Banco Montepio's long-term deposit rating to 'B+' from B and
affirmed the short-term deposit rating at 'B'. The long-term
deposit rating is one notch above the Long-Term IDR, reflecting the
lower vulnerability of deposits to default than senior debt, given
its expectation that depositors would be protected if the bank
fails, and because of full depositor preference in Portugal.

Banco Montepio must comply with a MREL requirement of 20.77% of
RWAs, excluding the 2.76% combined buffer requirements for 2022.
The uplift to the deposit rating above the Long-Term IDR reflects
its expectation that Banco Montepio will build up its MREL buffer
over the next 24 months.

SENIOR PREFERRED AND SENIOR NON-PREFERRED DEBT

The long-term senior preferred debt rating is one notch below the
bank's Long-Term IDR to reflect its assessment that recovery
prospects would be below average (RR5) for the bank's senior
preferred creditors in a default scenario. The bank's execution of
de-risking plan is reducing risks to its solvency, although capital
encumbrance by net problem assets remains high, while resolution
debt buffers remain small.

The short-term senior preferred debt rating of 'B' is in line with
Banco Montepio's Short-Term IDR because short-term bank debt
ratings incorporate only its assessment of the default risk on the
instrument and do not factor in recovery prospects.

The senior non-preferred debt programme rating is notched down
twice from the bank's IDR with a 'RR6' Recovery Rating. This is
because of full depositor preference in Portugal and the bank's
very thin resolution debt buffer, currently consisting of
subordinated debt, relative to net problem assets, which remains
high relative to the bank's capital base. This means that losses
for senior non-preferred creditors would likely be very large in a
default.

SUBORDINATED DEBT

Banco Montepio's subordinated notes ratings are notched down twice
from the bank's VR, in line with its baseline notching for
subordinated Tier 2 debt. The notching reflects the notes' poor
recovery prospects (RR6) if the bank becomes non-viable. Fitch does
not apply additional notching for incremental non-performance risk
relative to the VR as there is no coupon flexibility included in
the notes' terms and conditions.

GOVERNMENT SUPPORT RATING (GSR)

Banco Montepio's GSR of 'No Support' (ns) reflects its view that
although external extraordinary sovereign support is possible, it
cannot be relied upon. Senior creditors can no longer expect to
receive full extraordinary support from the government in the event
that the bank becomes non-viable.

The EU's Bank Recovery and Resolution Directive and the Single
Resolution Mechanism for eurozone banks provide a framework for
resolving banks that requires senior creditors participating in
losses, if necessary, instead of or ahead of a bank receiving
sovereign support.

OTHER DEBT AND ISSUER RATINGS: RATING SENSITIVITIES

Banco Montepio's deposit, senior preferred and senior non-preferred
are primarily sensitive to the IDRs and its subordinated debt
ratings are sensitive to the VR. The long-term deposit rating could
also be downgraded if Fitch no longer expects Banco Montepio to be
able to build its MREL buffer over time with more junior
instruments.

The long-term senior preferred and senior non-preferred debt
ratings could also be upgraded by one notch if its assessment of
recoveries for senior preferred creditors improves to average
(RR4), from below average (RR5) and for senior non-preferred
creditors improves to below average (RR5) from poor (RR6). This
could be driven by further improvement in the bank's asset quality,
translating into lower capital encumbrance by unreserved problem
assets than currently.

The long-term senior preferred and senior non-preferred debt
ratings could also be upgraded if Banco Montepio successfully
builds and maintains a buffer of resolution debts in line with its
expected MREL requirement. This is because in a resolution, losses
could be spread over a larger debt layer resulting in smaller
losses and higher recoveries for the bank's senior bondholders.

An upgrade of the GSR would be contingent on a positive change in
the sovereign's propensity to support the bank. In Fitch's view,
this is highly unlikely, although not impossible.

VR ADJUSTMENTS

Banco Montepio's VR of 'b' is one notch below the 'b+' implied VR,
due to the bank's vulnerable capitalisation and leverage, which
Fitch scores at 'b'.

The business profile score of 'b+' is below the 'bb' category
implied score, due to the following adjustment reason: business
model (negative).

The capitalisation & leverage score of 'b' is below the 'bbb'
category implied score, due to the following adjustment reasons:
reserve coverage and asset valuation (negative) and regulatory
capitalisation (negative).

The funding & liquidity score of 'bb-' is below the 'bbb' category
implied score, due to the following adjustment reason: non-deposit
funding (negative).

ESG CONSIDERATIONS

Banco Montepio has an ESG Relevance Score of '4' for governance
structure, reflecting negative implication on ratings from weaker
corporate governance than those of its domestic peers, although the
bank has been making progress.

Alleged disagreements between Banco Montepio's previous CEO and the
bank's majority shareholder, Montepio Geral Associacao Mutualista,
led to the nomination and appointment of a new management team,
within a new governance framework in March 2018. The stabilisation
of the bank's management and board of directors took longer than
expected and was completed early 2020.

Fitch believes this protracted process had weighed on the bank's
strategic execution until end-2020. Since beginning of 2021
execution has been significantly better resulting in improved asset
quality and restored capital levels. Banco Montepio's governance
structure has a negative impact on its credit profile and is
relevant to the bank's ratings in conjunction with other factors.

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.

   Entity/Debt                      Rating         Recovery  Prior
   -----------                      ------         --------  -----
Caixa Economica
Montepio Geral,
Caixa economica
bancaria, S.A.    LT IDR              B    Upgrade            B-
                  ST IDR              B    Affirmed           B
                  Viability           b    Upgrade            b-
                  Government Support  ns   Affirmed           ns

   Subordinated   LT                  CCC+ Upgrade    RR6    CCC

   long-term
   deposits       LT                  B+   Upgrade            B

   Senior
   non-preferred  LT                  CCC+ Upgrade    RR6    CCC

   Senior  
   preferred      LT                  B-   Upgrade    RR5   CCC+

   Senior
   preferred      ST                  B  Affirmed             B

   short-term
   deposits       ST                  B  Affirmed             B



===========
S W E D E N
===========

OREXO AB: Egan-Jones Lowers Senior Unsecured Ratings to BB-
-----------------------------------------------------------
Egan-Jones Ratings Company, on December 13, 2022, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Orexo AB to BB- from BB.

Headquartered in Uppsala, Sweden, Orexo AB operates as a
pharmaceutical company.




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

UKREXIMBANK: Fitch Affirms LongTerm Foreign Currency IDR at 'CCC-'
------------------------------------------------------------------
Fitch Ratings has downgraded JSC The State Export-Import Bank of
Ukraine's (Ukreximbank) Viability Rating (VR) to 'f' from 'cc'.
Fitch has affirmed the bank's Long-Term (LT) Foreign-Currency (FC)
Issuer Default Rating (IDR) at 'CCC-' and LT Local Currency (LC)
IDR at 'CCC'.

The downgrade of the VR follows a deterioration in Ukreximbank's
capitalisation, which has resulted in a breach of its minimum
regulatory ratio requirements. This amounts to a material capital
shortfall, which under Fitch's Bank Rating Criteria constitutes a
bank failure as Ukreximbank is now in need of extraordinary capital
support to restore its viability. In the meantime, it will likely
have to rely on prolonged regulatory forbearance to continue to
operate as Fitch believes recapitalisation is unlikely in the near
term. This drives the downgrade of the Government Support Rating
(GSR) to 'no support' (ns) from 'ccc-'.

KEY RATING DRIVERS

Regulatory Forbearance Needed: Ukreximbank's VR predominantly
reflects the capital shortfall arising from a surge in impairment
provisions caused by the war. In its view, in the absence of
extraordinary capital support the bank will need prolonged
regulatory forbearance, which meets Fitch's definition of failure.
The National Bank of Ukraine (NBU) has stated that it will not
apply corrective actions against banks that do not comply with
capital requirements for the duration of the conflict, unless
necessary to protect depositors. The 'f' VR is below the implied VR
of 'cc' to reflect the 'f' score on capitalisation and leverage,
which has a greater influence on the VR than the fixed weightings
would suggest.

Material Capital Shortfall: The bank's core and regulatory capital
adequacy ratios were 3.4% and 6.8%, respectively, at 1 November
2022 after it posted a loss of UAH 8.4 billion in 10M22 (2021 net
income: UAH2.7 billion), breaching the minimum regulatory ratio
requirements of 7% and 10%, respectively. Fitch believes that
Ukreximbank's capital ratios could remain below the minimum
regulatory thresholds for an extended period given the potential
for further capital impairment through incremental credit losses,
limited prospects for restoring its capitalisation through internal
capital generation, and the weak ability of the state to
recapitalise the bank due to the war.

LTFC IDR Affirmed: Ukreximbank's LTFC IDR reflects Fitch's view
that the risk of default on the bank's senior third-party
non-government creditors remains high. However, Fitch expects the
bank will continue to service its obligations in the near term.
This reflects the bank's stressed, but still generally adequate, FC
liquidity relative to its needs, supported by regulatory capital
and exchange controls in place since the outbreak of the war. The
bank's next Eurobond repayments are due in January 2023 (USD20.3
million), February 2023 (USD10.4 million), and July 2023 (USD20.3
million).

Aside from Eurobonds (4% of total funding at end-1H22), the bank's
other major non-deposit FC obligations include loans from
international financial institutions (10%). Available FC liquidity
- mostly comprising placements with foreign banks - fully covered
FC non-deposit liabilities due within a year at 1 December 2022.

Higher LTLC IDR: The bank's 'CCC'LTLC IDR, one notch above its LTFC
IDR, reflects limited regulatory restrictions and constraints on LC
operations. Support measures including limits on cash withdrawals,
a guarantee of all retail deposits for the duration of the war and
three months thereafter, and liquidity support offered to the banks
by the NBU have helped maintain domestic confidence in the banking
system and the banking sector's continued access to LC liquidity.
Deposits are Ukreximbank's main source of funding (74%) and
predominantly comprise corporate deposits. The bank recorded an
increase in retail hryvnia deposits of 11% since the start of the
war, lower than the sector's 25% due to the bank's corporate
focus.

IDRs Above the Sovereign; VR: Ukreximbank's LTFC and LTLC IDRs are
one notch above Ukraine's LTFC and LTLC IDRs of 'CC' and 'CCC-',
respectively, and above its VR. This reflects its view of a lower
risk the authorities will impose restrictions on banks servicing
their FC and LC obligations than of non-payment by the sovereign,
and that the bank has sufficient liquidity to continue to honour
its obligations in the near term despite its failure. This approach
is consistent with Fitch's criteria under certain circumstances
when bank and sovereign ratings are both at very low levels.

Extraordinarily Difficult Operating Conditions: The operating
environment presents exceptionally high risks to Ukreximbank's
standalone profile caused by the war, as reflected in its
assessment of the operating environment for Ukrainian banks of
'cc'. Fitch believes the prospects of a negotiated political
settlement are weak and it seems likely that the military conflict
- and the extraordinarily difficult operating conditions for banks
- will drag on well into 2023.Fitch expects Ukraine's GDP to grow
4% in 2023 but this largely reflects a low base effect following an
expected GDP contraction of 33% this year.

RATING SENSITIVITIES

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

Fitch would downgrade Ukreximbank's IDRs if it perceives an
increased likelihood the bank would default on or seek a
restructure of its senior obligations.

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

Fitch believes positive rating action is unlikely in the near term.
However, the bank's IDRs could be upgraded in case the sovereign
IDRs were upgraded to levels above those of the bank's current
IDRs.

Fitch would upgrade the bank's VR if it sustainably addresses its
capital shortfall.

OTHER DEBT AND ISSUER RATINGS: KEY RATING DRIVERS

The 'CCC-' ratings of Ukreximbank's senior unsecured debt, issued
by Biz Finance PLC, is aligned with the bank's LTFC IDR. The bank
proactively obtained covenant waivers from senior debtholders to
pre-empt breaches of covenants pertaining to capital adequacy
ratios

The rating of Ukreximbank's subordinated debt, issued by Biz
Finance PLC, has been affirmed at 'C', the lowest possible issue
rating. The Recovery Rating on the obligations of 'RR6' reflects
its view of likely poor recoveries in default.

Ukreximbank's GSR of 'ns', reflects the bank's material capital
shortfall and its view that a recapitalisation is unlikely for the
duration of war, notwithstanding its full state ownership and
systemic importance.

OTHER DEBT AND ISSUER RATINGS: RATING SENSITIVITIES

The senior debt rating is sensitive to change in the bank's LTFC
IDR.

The subordinated debt rating could be upgraded in case of an
upgrade of the bank's VR to 'ccc' or above.

The GSR could be upgraded if we viewed the government's ability to
support the bank as stronger.

VR ADJUSTMENTS

The assigned VR is below the implied VR, reflecting a negative
adjustment from the weakest link of capitalisation and leverage,
which has a greater impact on the VR than what the weighting
suggests.

The operating environment score of 'cc' is below the 'b' category
implied score due to the following adjustment reason: sovereign
rating (negative).

The business profile score of 'cc' is below the 'b' category
implied score due to the following adjustment reason: business
model (negative).

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

Ukreximbank's ratings are linked to Ukraine's sovereign ratings.

ESG CONSIDERATIONS

Ukreximbank has an ESG governance structure score of '4', which
reflects the high influence of the government over the bank's
business operations and strategy development. This has a moderately
negative impact on its credit profile due to governance risks and
potential involvement in directed financing, in Fitch's view, and
is relevant to the rating in conjunction with other factors.

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.

   Entity/Debt                      Rating         Recovery  Prior
   -----------                      ------         --------  -----
Biz Finance PLC

   senior
   unsecured      LT                 CCC- Affirmed    RR4    CCC-

   subordinated   LT                 C    Affirmed    RR6    C

JSC The State
Export-Import
Bank of Ukraine
(Ukreximbank)     LT IDR             CCC- Affirmed           CCC-
                  ST IDR             C    Affirmed           C
                  LC LT IDR          CCC  Affirmed           CCC
                  Viability          f    Downgrade          cc
                  Government Support ns   Downgrade          ccc-



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

ATLANTICA SUSTAINABLE: Egan-Jones Retains B- Sr. Unsecured Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on December 22, 2022, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by Atlantica Sustainable Infrastructure PLC. EJR
also maintained its 'B' rating on commercial paper issued by the
Company.

Headquartered in the United Kingdom, Atlantica Sustainable
Infrastructure PLC provides renewable energy solutions.


BRITISH STEEL: Chancellor Mulls Taxpayer Rescue of Two Furnaces
---------------------------------------------------------------
George Parker and Sylvia Pfeifer at The Financial Times report that
Jeremy Hunt, the chancellor, is considering whether to launch a
taxpayer rescue of British Steel's two blast furnaces, whose
closure would inflict a strategic blow to the UK economy and cause
heavy job losses.

Mr. Hunt is being urged by Michael Gove, levelling up secretary,
and Grant Shapps, business secretary, to consider a subsidy of
GBP300 million to the Chinese-owned company to keep the furnaces
open, the FT relays, citing people with knowledge of the
discussions.

Talks between the government and British Steel, owned by the
Chinese company Jingye since 2020, are under way.  Mr. Hunt is
considering the case, allies of the chancellor told the FT.

However, they said that Mr. Hunt wanted to look at broader support
for the industry to help the transition to green technology -- such
as electric arc furnaces -- and to protect jobs and global
competitiveness, the FT notes.

The chancellor is being lobbied by cabinet colleagues to save the
two British Steel blast furnaces in Scunthorpe on the east coast of
England, the FT discloses.  The country has four in total; the
other two are run by Tata Steel at Port Talbot in Wales, the FT
states.

According to the FT, in a letter to Hunt, seen by Sky News, Messrs.
Gove and Shapps warned that British Steel "does not have a viable
business without government support".

"Closing one blast furnace would be a stepping stone to closure of
the second blast furnace, resulting in a highly unstable business
model dependent on Chinese steel imports," Messrs. Shapps and Gove
wrote, says the report. "The local economic impact of closing both
blast furnaces is estimated to be in the region of GBP360 million
to GBP640 million with a further GBP500 million to GBP1 billion
liability for [the government] through compulsory liquidation,
insolvency and land liabilities, though GBP40 million could
potentially be raised through asset recovery."

Messrs. Gove and Shapps said they "would like officials to test
whether net government support in the region of GBP300 million for
British Steel could prevent closure, protect jobs and create a
cleaner viable long-term future for steel production in the United
Kingdom", the FT recounts.


INTERNATIONAL GAME: Egan-Jones Retains B Senior Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on December 13, 2022, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by International Game Technology.

Headquartered in London, United Kingdom, International Game
Technology designs and manufactures computerized casino gaming
systems.


IZODIA PLC: Shareholders Urged to Claim Uncashed Dividends
----------------------------------------------------------
Shareholders of Izodia plc, formerly Infobank International
(Multimedia) Plc and Infobank Multimedia Limited, who have
outstanding claims to dividends declared by the Company prior to
the commencement of its liquidation on November 8, 2012, will
forfeit their rights to any such dividend after twelve years from
the date when it was declared or became due for payment, and the
dividend will revert to the Company in accordance with its Articles
of Association.  Shareholders wishing to claim uncashed dividends
should send in their full forenames and surnames, their addresses
and descriptions, full particulars of their claims and the names
and addresses of their solicitors (if any), to the undersigned,
Jeremy Willmont, BDO LLP, 55 Baker Street London, WIU 7EU, the
Joint Liquidator of the said Company.

Jeremy Willmont and Phillip Sykes of RSM Restructuring Advisory LLP
were appointed Joint Liquidators of the Company on November 8,
2012.

For further details contact: Pauline Durrant, Tel: +44(0)20 7486
5888, E-mail: Pauline.Durrant@bdo.co.uk


MARKS AND SPENCER: Egan-Jones Retains B Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on December 23, 2022, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Marks and Spencer P.L.C.

Headquartered in London, United Kingdom, Marks and Spencer P.L.C.
operates a chain of retail stores.


TOWN DISCOUNT: Director Faces Disqualification for Loans Abuse
--------------------------------------------------------------
The Insolvency Service on Dec. 21 disclosed that Shahzad Arshad,
43, and Alexander Stewart Cooper, 70, from Glasgow, have been
disqualified as company directors following separate investigations
which found they had both made false claims in order to receive
Bounce Back Loans for their businesses.

Shahzad Arshad was the director of two companies -- Town Discount
Ltd and Naz Accessories Ltd -- which were both based in Glasgow.

Town Discount Ltd was incorporated in January 2020 and began
trading a month later as a retailer of games, toys, clothes,
watches and jewellery, until it went into liquidation in December
2021.

Naz Accessories was incorporated in December 2017 and traded as a
clothes retailer until it went into liquidation in January 2022.
Both companies traded from Dougrie Drive in the city.

Mr. Arshad applied for Bounce Back Loans for the two companies
during the Covid-19 pandemic in 2020, stating in the loan
application that Town Discount's turnover for 2019 was GBP250,000,
and Naz Accessories' turnover was GBP200,000.

Bounce Back Loans were a government scheme to support businesses
through the pandemic.  Under the rules of the scheme, companies
could apply for loans of between GBP2,000 and GBP50,000, up to a
maximum of 25% of their 2019 turnover.

Both companies received the maximum GBP50,000 loans based on Mr.
Arshad's application, but later went into liquidation owing a total
of more than GBP106,000, including around GBP93,400 that was owed
for the Bounce Back Loan, triggering an investigation by the
Insolvency Service.

Investigators discovered that Mr. Arshad had made a false claim
about Town Discount Ltd's turnover, as it had only begun trading in
February 2020.  It was therefore not entitled to any funding
through the Bounce Back Loan scheme.  And they found that Naz
Accessories Ltd's true turnover had been around £98,300, which
meant the maximum loan it could have claimed was GBP24,500.

Investigators also found that between June 2020, when Town Discount
Ltd received the loan, and August 2020, GBP16,000 had been
withdrawn from the company bank account in cash, and the remainder
of the loan money was paid out to expense and trade creditors.

But Mr. Arshad had been unable to prove that the money had been
used to provide an economic benefit to the business, as per the
rules of the scheme.

The second Glaswegian boss, Alexander Stewart Cooper, was appointed
as a director of Traprain Homes Ltd in August 2016, becoming sole
director in October 2019.  The company traded as a construction
company until it went into liquidation in June 2021.

Mr. Cooper applied for a Bounce Back Loan for Traprain Homes in
June 2020, stating that the company's turnover was GBP1,014,930.
Traprain Homes received the maximum loan of GBP50,000.

The company later went into liquidation, owing the full amount of
the loan, which triggered an investigation by the Insolvency
Service.

Investigators discovered that Traprain Homes Ltd had been insolvent
at the time Mr. Cooper applied for the loan.  Company accounts to
January 2020 had shown a loss of more than GBP113,000, and the
company had not been actively trading since February 2020.  The
business bank account had shown a balance of just GBP96 when the
loan was received.

They also discovered that once the loan had been received, Mr.
Cooper paid more than GBP9,400 to himself from the firm's account,
and later transferred more than GBP40,000 of the money between the
company's different bank accounts before paying it out to himself.

In October 2022 the Secretary of State for Business, Energy and
Industrial Strategy accepted disqualification undertakings from
both directors.

Mr. Cooper did not dispute he had caused his company to breach the
rules of the Bounce Back Loan scheme by claiming the loan when he
knew, or ought to have known, that Traprain Homes Ltd was not
eligible, and later misused the funds, resulting in Cooper being
banned for 10 years from November 14, 2022.

Mr. Arshad did not dispute that he had caused Town Discount Ltd to
apply for a loan to which the company was not entitled, and failed
to show that it had been used for the economic benefit of the
company.

And he also did not dispute that he had breached the terms of the
scheme by overstating Naz Accessories Ltd's turnover to obtain a
loan of GBP50,000 -- more than twice the amount it was entitled to
-- resulting in Arshad being banned for 11 years from November 21,
2022.

Mr. Cooper has fully repaid the loan for Traprain Homes following
recovery action by the company's liquidator.  Mr. Arshad had repaid
GBP3,549 and GBP3,333 respectively towards the Bounce Back Loans
for Town Discount Ltd and Naz Accessories Ltd, prior to their
liquidation.

Steven McGinty, Investigation Manager at the Insolvency Service,
said:

"Bounce Back Loans were an emergency measure made available to help
British businesses trading through the most testing of times.

"Cooper breached the eligibility criteria and then took the money
for personal gain, while Arshad should have known his companies
weren't entitled to the loans, yet he took them anyway.

"This abuse of government support has led to lengthy bans and
should serve as a warning to others that we will not hesitate to
take action against directors who have abused Covid-19 financial
support."



WEST BROMWICH: Moody's Affirms Ba3 Deposit Ratings, Outlook Stable
------------------------------------------------------------------
Moody's Investors Service affirmed West Bromwich Building Society's
("West Brom") Baseline Credit Assessment (BCA) of ba3, long-term
deposit ratings of Ba3, the long-term Counterparty Risk (CR)
Assessment of Ba1(cr) and long-term CR Ratings of Ba2. In the same
rating action, Moody's upgraded the ratings of West Brom's
Permanent Interest Bearing Shares (PIBS) to B3(hyb) from Ca(hyb).
The outlook on the long-term deposit ratings remains stable.

RATINGS RATIONALE

The affirmation of West Brom's BCA of ba3 reflects the gradual
improvements in its overall credit profile, which however, remains
constrained by (1) the high stock of problem loans, driven by the
legacy commercial real estate book, which although declining, still
exposes the Society to significant credit risks and continues to be
a drag on return on assets and capital; (2) lack of sustained
growth in net lending in its core residential mortgage portfolio;
(3) marginal improvement in core earnings, net of fair value
adjustments and provisions; and (4) concentration of revenue and
risks in UK residential mortgages. The Society's key strengths are
its strong risk-based capitalisation and nominal leverage as well
as sound liquidity.

The upgrade of West Brom's PIBS to B3(hyb) from Ca(hyb) reflects
the fact the Society has resumed interest payments on the
instruments.

West Brom's Ba3 long-term deposit rating is based on: (1) the
Society's ba3 BCA; (2) moderate loss-given-failure under Moody's
Advanced Loss Given Failure analysis, which does not result in any
uplift; and (3) a low probability of government support from the
Government of the United Kingdom (Aa3 negative), which also does
not result in any uplift.

OUTLOOK

The stable outlook on the long-term deposit ratings reflects
Moody's view that West Brom's capitalisation will help to
counterbalance potential further asset quality deterioration in its
commercial real estate portfolio, which has meaningful exposure to
the sectors particularly affected by the current inflationary and
weakening macroeconomic environment, including retail and leisure.

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

West Brom's long-term deposit, CR Ratings and CR Assessment could
be upgraded following an improvement in its BCA through better
asset quality, as evidenced by a meaningful reduction in the
commercial real estate loan portfolio, and an improvement in core
profitability, driven by sustained growth in its core mortgage
portfolio.

West Brom's BCA could be downgraded in the event of (1) a material
deterioration in profitability and asset quality, and (2) a
deterioration in capitalisation or in its funding structure and
liquidity position. A downgrade of the Society's BCA would likely
result in a downgrade of all ratings. West Brom's long-term deposit
ratings could also be downgraded in response to a reduction in the
volume of debt or deposits that could be bailed in, which would
increase loss-given-failure for depositors.

LIST OF AFFECTED RATINGS

Issuer: West Bromwich Building Society

Affirmations:

Long-term Counterparty Risk Ratings, affirmed Ba2

Short-term Counterparty Risk Ratings, affirmed NP

Long-term Bank Deposits, affirmed Ba3, outlook remains Stable

Short-term Bank Deposits, affirmed NP

Long-term Counterparty Risk Assessment, affirmed Ba1(cr)

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

Baseline Credit Assessment, affirmed ba3

Adjusted Baseline Credit Assessment, affirmed ba3

Upgrade:

Preferred Stock Non-cumulative, upgraded to B3(hyb) from Ca(hyb)

Outlook Action:

Outlook remains Stable

PRINCIPAL METHODOLOGY

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

YACHT SOLUTIONS: Unsecured Creditors Unlikely to Receive Payment
----------------------------------------------------------------
William Telford at Plymouth Herald reports that debts amounting to
hundreds of thousands of pounds are likely to remain unpaid after a
Plymouth boat refit company set up by two former Princess Yachts
employees fell into administration, it can be revealed.

Turnchapel-based Yacht Solutions Worldwide Ltd has been in the
hands of administrators for more than 18 months after struggling
through the Covid pandemic and being saddled with a huge tax bill,
leaving insolvency practitioners sorting through more than
GBP500,000 of claims, Plymouth Herald relates.

The insolvency has been extended until April 2023 but the outlook
for unsecured creditors already looks bleak with administrators
saying there is unlikely to be enough cash to pay them anything,
Plymouth Herald notes.  However, Yacht Solutions Worldwide sold its
entire assets and business to a new company, Yacht Solutions Europe
Ltd, in a pre-pack deal, Plymouth Herald recounts.

The new company is run by the same directors, Paul Eccles and David
Watson, who admitted to making mistakes running Yacht Solutions
Worldwide, and also trades from Turnchapel Wharf.  Pre-pack deals
are legal and the administrators said it was the best solution for
creditors as the assets were sold for GBP60,000, which was more
than a going concern sale or liquidation would have realised,
Plymouth Herald relays.

Nevertheless, debts are likely to remain unpaid, Plymouth Herald
states.  Already claims of GBP184,062 have come in from six
unsecured creditors, and it is possible that another 23 will submit
claims for a total of GBP69,542, Plymouth Herald discloses.

According to Plymouth Herald, a recently filed report from
administrator Steven Henson, at Newton Abbot's Castle Hill
Insolvency Ltd, said: "I do not anticipate that a dividend will be
available for unsecured creditors."

Documents filed at Companies House revealed assets of GBP108,300
were actually available.  But the administrators said only
preferential creditors are likely to get anything, Plymouth Herald
relates.

HM Revenue and Customs is claiming GBP203,061 in unpaid VAT and
income tax, with GBP138,245 of this as a preferential creditor,
according to Plymouth Herald.  It is also claiming GBP30,752 as an
unsecured creditor, Plymouth Herald states.  So it is unlikely to
receive all of what it is owed, Plymouth Herald notes.  In addition
to the unsecured claims Barclays Bank is due GBP90,574 as a secured
creditor but is likely to be paid just GBP17,500, according to
Plymouth Herald.




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

[*] BOND PRICING: For the Week December 26 to December 30, 2022
---------------------------------------------------------------
Issuer                 Coupon    Maturity Currency Price
------                 ------    -------- -------  -----
Orpea SA                2.625   3/10/2025    EUR   19.657
Orpea SA                2.000    4/1/2028    EUR   19.659
Castellum AB            3.125                EUR   60.919
Atento Luxco 1 SA       8.000   2/10/2026    USD   52.274
Orpea SA                0.375   5/17/2027    EUR   29.775
Gol Finance SA          7.000   1/31/2025    USD   39.743
Samhallsbyggnadsbola    2.875                EUR   37.539
Jababeka Internation    6.500   10/5/2023    USD   53.917
Metalcorp Group SA      8.500   6/28/2026    EUR   49.157
Movida Europe SA        5.250    2/8/2031    USD   73.354
Ulker Biskuvi Sanayi    6.950  10/30/2025    USD   73.257
Vedanta Resources Lt    6.125    8/9/2024    USD   61.247
Nobel Bidco BV          3.125   6/15/2028    EUR   67.552
Sigma Holdco BV         5.750   5/15/2026    EUR   71.099
EnfraGen Energia Sur    5.375  12/30/2030    USD   64.941
Castellum Helsinki F    0.875   9/17/2029    EUR   67.623
CECONOMY AG             1.750   6/24/2026    EUR   65.217
DEMIRE Deutsche Mitt    1.875  10/15/2024    EUR   68.731
Republic of Belarus     6.875   2/28/2023    USD   37.786
Gazprom PJSC via Gaz    1.500   2/17/2027    EUR   66.185
Samhallsbyggnadsbola    2.624                EUR   39.739
Tullow Oil PLC          7.000    3/1/2025    USD   70.117
VEON Holdings BV        3.375  11/25/2027    USD   72.750
Credit Suisse Group     0.625   1/18/2033    EUR   56.066
Kernel Holding SA       6.500  10/17/2024    USD   44.925
Vedanta Resources Fi    8.950   3/11/2025    USD   67.163
HSBC Holdings PLC       4.600                USD   71.868
DIC Asset AG            2.250   9/22/2026    EUR   59.650
Gazprom PJSC Via Gaz    3.125  11/17/2023    EUR   70.933
Air France-KLM          0.125   3/25/2026    EUR   16.128
Arrival SA              3.500   12/1/2026    USD   25.500
Casino Guichard Perr    3.992                EUR   17.596
Maxeda DIY Holding B    5.875   10/1/2026    EUR   66.877
Aroundtown SA           3.375                EUR   54.952
Vedanta Resources Fi    9.250   4/23/2026    USD   60.690
Corestate Capital Ho    1.375  11/28/2022    EUR    8.187
Telecom Italia SpA/M    5.250   3/17/2055    EUR   74.909
ATF Netherlands BV      3.750                EUR   74.468
MorphoSys AG            0.625  10/16/2025    EUR   48.610
JSM Global Sarl         4.750  10/20/2030    USD   64.005
Credit Suisse Group     5.100                USD   59.000
Heimstaden Bostad AB    2.625                EUR   61.578
Schoeller Packaging     6.375   11/1/2024    EUR   72.192
Gazprom PJSC Via Gaz    2.949   1/24/2024    EUR   70.000
Gazprom PJSC Via Gaz    2.250  11/22/2024    EUR   71.420
Credit Suisse Group     2.875    4/2/2032    EUR   74.239
Novafives SAS           5.000   6/15/2025    EUR   73.806
B2W Digital Lux Sarl    4.375  12/20/2030    USD   61.563
Credit Suisse Group     4.500                USD   56.000
Simpar Europe SA        5.200   1/26/2031    USD   73.008
Gazprom PJSC via Gaz    3.897                EUR   37.061
Romanian Government     3.375   1/28/2050    EUR   60.092
Casino Guichard Perr    4.262                EUR   16.125
Samhallsbyggnadsbola    2.625                EUR   38.793
AT Securities BV        5.250                USD   61.644
Allianz SE              3.875                USD   67.689
Gazprom PJSC Via Gaz    8.625   4/28/2034    USD   61.500
Casino Guichard Perr    3.580    2/7/2025    EUR   67.534
Carnival PLC            1.000  10/28/2029    EUR   41.714
Gazprom PJSC Via Gaz    7.288   8/16/2037    USD   73.000
MHP SE                  7.750   5/10/2024    USD   52.622
Republic of Belarus     5.875   2/24/2026    USD   36.477
Gazprom PJSC Via Gaz    1.450    3/6/2023    CHF   60.660
Gazprom PJSC Via Gaz    2.500   3/21/2026    EUR   70.052
MHP Lux SA              6.950    4/3/2026    USD   50.638
Accentro Real Estate    3.625   2/13/2023    EUR   45.625
Kenbourne Invest SA     4.700   1/22/2028    USD   70.880
Balder Finland Oyj      2.000   1/18/2031    EUR   65.340
Ukraine Government I    6.750   6/20/2028    EUR   19.458
Cimpress PLC            7.000   6/15/2026    USD   67.581
Barclays PLC            4.375                USD   74.290
NAK Naftogaz Ukraine    7.625   11/8/2026    USD   18.073
Romanian Government     4.625    4/3/2049    EUR   74.536
Audax Renovables SA     4.200  12/18/2027    EUR   59.932
VTR Finance NV          6.375   7/15/2028    USD   44.098
Development Bank of     6.750    5/2/2024    USD   22.667
Korian SA               1.875                EUR   31.559
Credit Suisse Group     6.375                USD   70.440
Mitsubishi UFJ Inves    6.398  12/15/2050    EUR   38.311
Signa Development Fi    5.500   7/23/2026    EUR   55.334
Vonovia SE              1.625    9/1/2051    EUR   55.329
Gazprom PJSC Via Gaz    5.150   2/11/2026    USD   62.000
Finnair Oyj             4.250   5/19/2025    EUR   74.554
ADLER Group SA          2.250   1/14/2029    EUR   38.767
Korian SA               0.875    3/6/2027    EUR   40.587
Kernel Holding SA       6.750  10/27/2027    USD   38.393
Credit Suisse Group     5.625                SGD   72.793
Gazprom PJSC via Gaz    4.599                USD   52.000
Banco Santander SA      3.625                EUR   69.686
Romanian Government     2.000   1/28/2032    EUR   69.304
Credit Suisse Group     3.000                CHF   67.463
GTC Aurora Luxembour    2.250   6/23/2026    EUR   71.389
SBB Treasury Oyj        0.750  12/14/2028    EUR   59.641
Balder Finland Oyj      1.000   1/20/2029    EUR   67.543
VGP NV                  2.250   1/17/2030    EUR   67.002
UBS Group AG            4.375                USD   68.720
Aroundtown SA           2.875                EUR   54.956
Casino Guichard Perr    6.625   1/15/2026    EUR   46.908
Metinvest BV            8.500   4/23/2026    USD   55.500
Credit Suisse Group     7.250                USD   74.740
Grand City Propertie    1.500                EUR   48.678
ams-OSRAM AG            2.125   11/3/2027    EUR   69.102
CPI Property Group S    4.875                EUR   52.325
Russian Foreign Bond    5.625    4/4/2042    USD   56.908
Mahle GmbH              2.375   5/14/2028    EUR   74.702
Banco Comercial Port    4.000   5/17/2032    EUR   70.050
Credit Suisse Group     5.250                USD   66.950
Gazprom PJSC via Gaz    2.950   1/27/2029    USD   48.500
Heimstaden Bostad AB    3.625                EUR   64.675
Romanian Government     2.750   4/14/2041    EUR   58.190
Gazprom PJSC via Gaz    2.950   4/15/2025    EUR   69.728
Fastighets AB Balder    2.873    6/2/2081    EUR   61.341
Teva Pharmaceutical     4.100   10/1/2046    USD   62.998
Atos SE                 1.000  11/12/2029    EUR   61.435
Anadolu Efes Biracil    3.375   6/29/2028    USD   71.202
NAK Naftogaz Ukraine    7.125   7/19/2024    EUR   18.175
Gazprom PJSC Via Gaz    4.250    4/6/2024    GBP   65.122
VGP NV                  1.500    4/8/2029    EUR   66.431
Gazprom PJSC via Gaz    3.250   2/25/2030    USD   64.000
ING Groep NV            3.875                USD   70.844
Takko Luxembourg 2 S    5.375  11/15/2023    EUR   74.108
Standard Chartered P    4.300                USD   68.430
Petrobras Global Fin    5.500   6/10/2051    USD   74.930
French Republic Gove    0.750   5/25/2052    EUR   62.407
SBB Treasury Oyj        1.125  11/26/2029    EUR   59.331
Citycon Oyj             4.496                EUR   62.567
Credit Suisse Group     3.875                CHF   74.792
Very Group Funding P    6.500    8/1/2026    GBP   73.905
Standard Chartered P    4.750                USD   72.415
Intesa Sanpaolo SpA     4.198    6/1/2032    USD   74.311
UBM Development AG      5.500                EUR   68.000
BNP Paribas SA          4.500                USD   73.746
Hungary Government I    2.125   9/22/2031    USD   74.545
Ukraine Government I    6.876   5/21/2031    USD   21.033
Allianz SE              3.200                USD   72.854
Constellation Automo    4.875   7/15/2027    GBP   65.646
BNP Paribas Fortis S    3.030                EUR   74.280
Gazprom PJSC Via Gaz    4.950   3/23/2027    USD   65.000
United Kingdom Gilt     1.125  10/22/2073    GBP   54.357
Gazprom PJSC via Gaz    1.850  11/17/2028    EUR   62.472
La Banque Postale SA    3.000                EUR   73.357
Berkeley Group PLC/T    2.500   8/11/2031    GBP   66.912
Romanian Government     2.000   4/14/2033    EUR   66.982
Allianz SE              2.625                EUR   74.060
Sigma Holdco BV         7.875   5/15/2026    USD   71.572
Heimstaden AB           6.750                EUR   45.948
Hungary Government I    1.750    6/5/2035    EUR   67.005
Vodafone Group PLC      5.125    6/4/2081    USD   70.707
Aggregate Holdings S    6.875   11/9/2025    EUR   36.675
Voltalia SA             1.000   1/13/2025    EUR   27.839
Casino Guichard Perr    5.250   4/15/2027    EUR   45.359
Aroundtown SA           0.375   4/15/2027    EUR   74.516
IWG International Ho    0.500   12/9/2027    GBP   73.020
Aroundtown SA           4.750                GBP   54.037
Gol Finance SA          8.000   6/30/2026    USD   57.977
Compact Bidco BV        5.750    5/1/2026    EUR   67.944
Hungary Government I    0.500  11/18/2030    EUR   69.512
Ukraine Government I    7.750    9/1/2026    USD   22.437
Cellnex Finance Co S    3.875    7/7/2041    USD   68.941
Atrium Finance Ltd      2.625    9/5/2027    EUR   70.144
Samhallsbyggnadsbola    1.000   8/12/2027    EUR   66.613
Hacienda Investments    5.350    2/8/2028    USD   42.000
Aroundtown SA           1.625                EUR   49.955
TUI AG                  5.000   4/16/2028    EUR   72.550
Intesa Sanpaolo SpA     4.125                EUR   74.626
ING Groep NV            4.250                USD   67.582
Hannover Rueck SE       1.375   6/30/2042    EUR   73.857
CPI Property Group S    1.625   4/23/2027    EUR   72.286
Trinseo Materials Op    5.125    4/1/2029    USD   64.677
Zorlu Yenilenebilir     9.000    6/1/2026    USD   73.194
Aroundtown SA           2.125                EUR   53.490
Ukraine Railways Via    8.250    7/9/2024    USD   19.851
Romanian Government     3.875  10/29/2035    EUR   74.756
Allianz SE              2.600                EUR   71.405
Gazprom PJSC via Gaz    3.000   6/29/2027    USD   62.875
HOCHTIEF AG             0.625   4/26/2029    EUR   74.760
TAG Immobilien AG       0.625   8/27/2026    EUR   71.473
Gazprom PJSC Via Gaz    4.364   3/21/2025    EUR   69.728
Standard Profil Auto    6.250   4/30/2026    EUR   59.992
Unicaja Banco SA        4.875                EUR   72.771
Rothschild & Co Cont    4.438                USD   68.143
Phosagro OAO Via Pho    2.600   9/16/2028    USD   63.000
CTP NV                  1.500   9/27/2031    EUR   59.545
HSE Finance Sarl        5.625  10/15/2026    EUR   55.667
Romanian Government     4.000   2/14/2051    USD   65.325
Russian Railways Via    2.100   10/2/2023    CHF   25.160
M2 Asset Management     5.500   1/15/2025    SEK   71.208
Lar Espana Real Esta    1.843   11/3/2028    EUR   67.628
Pro-Gest SpA            3.250  12/15/2024    EUR   62.120
Enel SpA                1.875                EUR   72.096
Orpea SA                2.200  12/15/2024    EUR   21.300
Sagax Euro Mtn NL BV    1.000   5/17/2029    EUR   71.364
Dtek Renewables Fina    8.500  11/12/2024    EUR   29.978
Altice France Holdin    4.000   2/15/2028    EUR   68.542
Fastighets AB Balder    1.125   1/29/2027    EUR   73.969
Aragvi Finance Inter    8.450   4/29/2026    USD   70.324
Diebold Nixdorf Dutc    9.000   7/15/2025    EUR   67.648
Hungary Government B    2.250   4/20/2033    HUF   60.046
Heimstaden AB           4.250    3/9/2026    EUR   72.311
Prosus NV               3.832    2/8/2051    USD   60.837
Ukraine Government I    9.750   11/1/2030    USD   24.276
Heimstaden Bostad AB    3.000                EUR   64.872
JT International Fin    2.250   9/14/2031    USD   74.087
Citycon Oyj             3.625                EUR   51.649
Credit Suisse Group     0.650   9/10/2029    EUR   68.297
NAK Naftogaz Ukraine    7.375   7/19/2022    USD   15.333
Barclays Bank PLC       1.710                EUR   74.447
AI Candelaria Spain     5.750   6/15/2033    USD   72.710
NPC Ukrenergo           6.875   11/9/2028    USD   16.134
Romanian Government     2.625   12/2/2040    EUR   57.534
Endo Luxembourg Fina    6.125    4/1/2029    USD   74.250
UniCredit SpA           0.850   1/19/2031    EUR   73.871
CPI Property Group S    1.500   1/27/2031    EUR   60.471
Gazprom PJSC via Gaz    3.500   7/14/2031    USD   52.750
CNP Assurances          4.875                USD   75.247
United Kingdom Gilt     1.500   7/31/2053    GBP   65.395
Russian Railways Via    2.200   5/23/2027    EUR   33.298
Zur Rose Group AG       2.500  11/21/2024    CHF   64.989
Gazprom PJSC Via Gaz    4.950    2/6/2028    USD   62.000
Serbia International    1.500   6/26/2029    EUR   74.737
GOL Equity Finance S    3.750   7/15/2024    USD   40.750
Romanian Government     4.125   3/11/2039    EUR   72.361
OSB Group PLC           6.000                GBP   73.003
Balder Finland Oyj      1.000   1/18/2027    EUR   74.636
Ideal Standard Inter    6.375   7/30/2026    EUR   48.467
Ukraine Government I    7.750    9/1/2029    USD   23.905
Korian SA               2.250  10/15/2028    EUR   68.328
EDP - Energias de Po    1.875   3/14/2082    EUR   72.617
Heimstaden AB           4.375    3/6/2027    EUR   71.187
Serbia International    1.000   9/23/2028    EUR   74.620
Slovakia Government     0.375   4/21/2036    EUR   65.510
Citycon Treasury BV     1.625   3/12/2028    EUR   73.528
Gazprom PJSC via Gaz    1.540   6/30/2027    CHF   49.997
Novolipetsk Steel Vi    1.450    6/2/2026    EUR   59.634
NatWest Group PLC       4.600                USD   68.500
Stellantis NV           1.250   6/20/2033    EUR   73.729
United Kingdom Gilt     1.125   1/31/2039    GBP   71.127
HSBC Bank PLC           3.127                USD   67.397
Vilmorin & Cie SA       1.375   3/26/2028    EUR   72.986
Barclays PLC            1.106   5/12/2032    EUR   74.188
Commerzbank AG          4.250                EUR   74.492
CPI Property Group S    4.875                EUR   54.399
Metro Bank PLC          5.500   6/26/2028    GBP   50.189
Haya Holdco 2 PLC       9.542  11/30/2025    EUR   57.640
ADLER Group SA          1.500   7/26/2024    EUR   42.863
Nitrogenmuvek Vegyip    7.000   5/14/2025    EUR   70.022
Ukraine Government B   15.840   2/26/2025    UAH   59.297
Republic of Belarus     6.378   2/24/2031    USD   30.000
Mutuelle Assurance D    3.500                EUR   71.143
Credit Suisse Group     3.091   5/14/2032    USD   69.965
International Consol    1.125   5/18/2028    EUR   72.724
Heimstaden Bostad AB    3.375                EUR   64.751
MMC Norilsk Nickel O    2.800  10/27/2026    USD   51.356
Iceland Bondco PLC      4.375   5/15/2028    GBP   69.861
Ukraine Government I    7.750    9/1/2028    USD   23.912
AerCap Ireland Capit    3.850  10/29/2041    USD   73.804
Swedbank AB             4.000                USD   74.061
ADLER Real Estate AG    3.000   4/27/2026    EUR   68.605
Just Eat Takeaway.co    0.625    2/9/2028    EUR   66.532
NGD Holdings BV         6.750  12/31/2026    USD   39.021
Kleopatra Holdings 2    6.500    9/1/2026    EUR   64.167
United Kingdom Gilt     1.750   7/22/2057    GBP   70.673
Aegon NV                0.496                NLG   68.629
CaixaBank SA            3.625                EUR   71.878
Enel Finance Interna    0.875   9/28/2034    EUR   70.772
Russian Railways Via    3.125                CHF    6.650
Orpea SA                2.130    7/3/2024    EUR   25.549
P3 Group Sarl           1.625   1/26/2029    EUR   74.203
ABN AMRO Bank NV        1.250   1/20/2034    EUR   73.855
Banco Santander SA      3.225  11/22/2032    USD   73.420
gategroup Finance Lu    3.000   2/28/2027    CHF   68.282
Rothesay Life PLC       5.000                GBP   68.247
Casino Guichard Perr    4.048    8/5/2026    EUR   45.520
Republic of Belarus     6.200   2/28/2030    USD   29.976
Akelius Residential     0.750   2/22/2030    EUR   73.890
Hellenic Republic Go    1.875   1/24/2052    EUR   61.420
Vnesheconombank Via     6.800  11/22/2025    USD    5.688
Rallye SA               4.000   2/28/2032    EUR    8.556
EP Infrastructure AS    2.045   10/9/2028    EUR   69.856
DDM Debt AB             9.000   4/19/2026    EUR   64.754
Liquid Telecommunica    5.500    9/4/2026    USD   70.151
Heimstaden Bostad Tr    1.625  10/13/2031    EUR   66.380
MMC Norilsk Nickel O    2.550   9/11/2025    USD   53.312
ADLER Group SA          1.875   1/14/2026    EUR   39.333
Intesa Sanpaolo Vita    2.375  12/22/2030    EUR   72.666
Peach Property Finan    4.375  11/15/2025    EUR   71.345
Rothesay Life PLC       4.875                USD   73.689
Russian Foreign Bond    5.250   6/23/2047    USD   41.480
Metinvest BV            5.625   6/17/2025    EUR   51.864
Grand City Propertie    0.125   1/11/2028    EUR   74.051
Logicor Financing Sa    2.000   1/17/2034    EUR   69.193
Phosagro OAO Via Pho    3.050   1/23/2025    USD   52.532
Altice France Holdin    6.000   2/15/2028    USD   66.310
Russian Railways Via    0.840   3/12/2026    CHF   18.524
EnBW Energie Baden-W    1.375   8/31/2081    EUR   73.268
United Kingdom Gilt     1.750   1/22/2049    GBP   71.906
Republic of Italy Go    3.875    5/6/2051    USD   68.203
Balder Finland Oyj      1.375   5/24/2030    EUR   63.663
Fastighets AB Balder    1.250   1/28/2028    EUR   69.619
Air Baltic Corp AS      6.750   7/30/2024    EUR   71.487
State Agency of Road    6.250   6/24/2030    USD   17.580
Prosus NV               4.027    8/3/2050    USD   61.582
Russian Foreign Bond    4.875   9/16/2023    USD   71.094
Castle UK Finco PLC     7.000   5/15/2029    GBP   69.817
Sberbank of Russia V    5.125  10/29/2022    USD    6.500
Sarens Finance Co NV    5.750   2/21/2027    EUR   74.952
Ukreximbank Via Biz     9.950  11/14/2029    USD   29.625
Russian Railways Via    4.600    3/6/2023    EUR   33.934
Vonovia SE              1.000   6/16/2033    EUR   69.952
BNP Paribas SA          0.837                EUR   74.000
Ocado Group PLC         0.750   1/18/2027    GBP   66.145
Ekosem-Agrar AG         8.500   12/7/2022    EUR   22.139
Prosus NV               1.288   7/13/2029    EUR   73.376
Tinkoff Bank JSC Via    6.000                USD   33.000
Romanian Government     3.500    4/3/2034    EUR   73.397
Deutsche Bahn Financ    0.625   12/8/2050    EUR   56.707
Serbia International    1.650    3/3/2033    EUR   64.772
Intesa Sanpaolo SpA     4.950    6/1/2042    USD   65.783
Idorsia Ltd             2.125    8/4/2028    CHF   69.987
Accor SA                0.700   12/7/2027    EUR   42.372
Vonovia SE              1.500   6/14/2041    EUR   61.716
Ukraine Railways Via    7.875   7/15/2026    USD   20.726
Metalloinvest Financ    3.375  10/22/2028    USD   57.500
Serbia International    2.050   9/23/2036    EUR   59.880
VTB Bank OJSC Via VT    6.950  10/17/2022    USD    7.111
United Kingdom Gilt     1.625  10/22/2054    GBP   67.906
CPI Property Group S    1.750   1/14/2030    EUR   64.743
EIG Pearl Holdings S    4.387  11/30/2046    USD   73.944
Hungary Government B    3.250  10/22/2031    HUF   70.195
Avianca Midco 2 PLC     9.000   12/1/2028    USD   74.250
Jaguar Land Rover Au    5.500   7/15/2029    USD   72.190
Vonovia SE              0.750    9/1/2032    EUR   69.578
MHP Lux SA              6.250   9/19/2029    USD   48.165
Credit Suisse Group     4.875   5/15/2045    USD   69.477
Heimstaden Bostad Tr    0.750    9/6/2029    EUR   69.890
Union Fenosa Prefere    2.843                EUR   65.923
Aroundtown SA           1.450    7/9/2028    EUR   73.974
TotalEnergies SE        2.125                EUR   73.933
EP Infrastructure AS    1.816    3/2/2031    EUR   64.440
Flamingo Lux II SCA     5.000   3/31/2029    EUR   74.630
Odea Bank AS            8.606    8/1/2027    USD   74.000
Deutsche Bank AG/New    3.035   5/28/2032    USD   74.492
ADLER Group SA          2.000  11/23/2023    EUR   48.606
Prosus NV               3.061   7/13/2031    USD   74.112
BICO Group AB           2.875   3/19/2026    SEK   65.345
Groupe des Assurance    1.850   4/21/2042    EUR   74.140
Russian Railways Via    4.375    3/1/2024    USD   29.044
Russian Foreign Bond    5.875   9/16/2043    USD   56.944
Dignity Finance PLC     4.696  12/31/2049    GBP   70.850
MRG Finance UK PLC      8.750  10/26/2023    EUR   56.068
Acef Holding SCA        1.250   4/26/2030    EUR   71.682
Vonovia SE              0.625   3/24/2031    EUR   72.757
Delivery Hero SE        1.000   4/30/2026    EUR   71.084
Fnac Darty SA           0.250   3/23/2027    EUR   64.200
Russian Railways Via    7.487   3/25/2031    GBP   25.650
Mallinckrodt Interna   10.000   6/15/2029    USD   51.938
SATO Oyj                1.375   2/24/2028    EUR   73.937
SPP-Distribucia AS      1.000    6/9/2031    EUR   65.237
EnBW Energie Baden-W    2.125   8/31/2081    EUR   67.189
Atento Luxco 1 SA       8.000   2/10/2026    USD   52.196
Grand City Propertie    2.500                EUR   70.301
Metinvest BV            7.750  10/17/2029    USD   40.500
Boparan Finance PLC     7.625  11/30/2025    GBP   67.563
Takko Luxembourg 2 S    7.137  11/15/2023    EUR   73.150
ASTM SpA                2.375  11/25/2033    EUR   74.322
Delivery Hero SE        2.125   3/10/2029    EUR   62.900
Enel Finance Interna    0.875   6/17/2036    EUR   67.786
VIC Properties SA       3.000   5/28/2025    EUR   75.000
EnBW International F    0.500    3/1/2033    EUR   71.307
Deutsche Bank AG/New    3.742    1/7/2033    USD   71.643
Russian Railways Via    0.898   10/3/2025    CHF   25.018
Czech Republic Gover    1.500   4/24/2040    CZK   60.888
adidas AG               0.625   9/10/2035    EUR   73.133
Foodco Bondco SA        6.250   5/15/2026    EUR   65.250
MMC Norilsk Nickel O    4.100   4/11/2023    USD   60.184
Russian Railways Via    5.700    4/5/2022    USD   24.849
Saga PLC                5.500   7/15/2026    GBP   70.719
BAT International Fi    2.250    9/9/2052    GBP   46.448
Ukreximbank Via Biz     9.750   1/22/2025    USD   29.500
Lukoil Securities BV    3.875    5/6/2030    USD   72.500
ZUR Rose Finance BV     2.750   3/31/2025    CHF   65.611
HOCHTIEF AG             1.250    9/3/2031    EUR   67.023
Fresenius Finance Ir    0.875   10/1/2031    EUR   71.363
Samhallsbyggnadsbola    1.125    9/4/2026    EUR   73.176
DVI Deutsche Vermoeg    2.500   1/25/2027    EUR   73.872
Brit Insurance Holdi    3.676   12/9/2030    GBP   72.307
Romanian Government     3.375    2/8/2038    EUR   68.881
Rothschild & Co Cont    3.030                EUR   67.958
Lloyds Banking Group    2.707   12/3/2035    GBP   74.930
Orpea SA                2.750    6/3/2033    EUR   20.350
Republic of Austria     0.250  10/20/2036    EUR   72.272
Vonovia Finance BV      1.125   9/14/2034    EUR   66.423
Croatia Government I    1.750    3/4/2041    EUR   71.760
Credit Suisse Group     3.500                CHF   64.863
Delivery Hero SE        1.500   1/15/2028    EUR   66.277
Assicurazioni Genera    1.713   6/30/2032    EUR   74.823
Prosus NV               2.031    8/3/2032    EUR   68.363
Neoen SA                2.000    6/2/2025    EUR   50.253
Prosus NV               2.778   1/19/2034    EUR   68.946
Ageas SA/NV             3.875                EUR   73.869
CPI Property Group S    3.750                EUR   54.899
Digital Intrepid Hol    1.375   7/18/2032    EUR   73.840
Lukoil Capital DAC      3.600  10/26/2031    USD   70.283
Shell International     1.750   9/10/2052    GBP   55.454
Merlin Properties So    1.875   12/4/2034    EUR   71.670
Bellis Finco PLC        4.000   2/16/2027    GBP   70.347
Thermo Fisher Scient    2.000  10/18/2051    EUR   70.159
Metinvest BV            7.650   10/1/2027    USD   50.287
Russian Foreign Bond    4.250   6/23/2027    USD   44.236
Deutsche Bank AG        1.375   2/17/2032    EUR   73.027
Russian Foreign Bond    7.500   3/31/2030    USD   64.385
United Group BV         5.250    2/1/2030    EUR   74.231
Nexity SA               0.250    3/2/2025    EUR   56.610
Sirius Real Estate L    1.750  11/24/2028    EUR   68.303
Royalty Pharma PLC      3.550    9/2/2050    USD   67.206
ADLER Group SA          2.250   4/27/2027    EUR   38.792
Societe Generale SA     3.625    3/1/2041    USD   63.226
Logicor Financing Sa    0.875   1/14/2031    EUR   69.004
Maison Finco PLC        6.000  10/31/2027    GBP   72.744
VF Ukraine PAT via V    6.200   2/11/2025    USD   53.994
Eustream AS             1.625   6/25/2027    EUR   64.951
Romanian Government     1.375   12/2/2029    EUR   73.359
Prosus NV               4.987   1/19/2052    USD   70.521
Raiffeisen Bank Inte    4.500                EUR   69.619
Phosagro OAO Via Pho    3.949   4/24/2023    USD   61.988
Imperial Brands Fina    1.750   3/18/2033    EUR   70.703
Fresenius SE & Co KG    1.125   1/28/2033    EUR   70.026
Rallye SA               4.371   2/28/2032    EUR    8.007
BNP Paribas SA          0.625   12/3/2032    EUR   71.337
MMC Norilsk Nickel O    6.625  10/14/2022    USD   53.098
Wellcome Trust Ltd/T    1.500   7/14/2071    GBP   52.596
Polyus Finance PLC      3.250  10/14/2028    USD   48.616
Orpea SA                2.564  11/30/2027    EUR   16.994
Swan Housing Capital    3.625    3/5/2048    GBP   73.994
Agri Resources Group    8.000   3/17/2026    EUR   58.147
MMC Norilsk Nickel O    3.375  10/28/2024    USD   64.422
Hacienda Investments    5.075   2/15/2023    USD   42.341
Glencore Capital Fin    1.250    3/1/2033    EUR   73.123
Altarea SCA             1.750   1/16/2030    EUR   73.967
Bank Gospodarstwa Kr    2.375  11/27/2040    PLN   47.997
Klepierre SA            0.875   2/17/2031    EUR   74.014
Russian Foreign Bond    4.375   3/21/2029    USD   41.196
Severstal OAO Via St    3.150   9/16/2024    USD    5.560
Sweden Government Bo    1.375   6/23/2071    SEK   67.447
Interpipe Holdings P    8.375   5/13/2026    USD   35.750
Nykredit Realkredit     1.000   10/1/2053    DKK   70.082
Herens Midco Sarl       5.250   5/15/2029    EUR   68.486
Societe Generale SA     1.113   7/17/2031    EUR   73.380
HSBC Bank PLC           4.420                USD   67.319
Slovenia Government     0.688    3/3/2081    EUR   39.343
Imerys SA               1.000   7/15/2031    EUR   69.627
University of Oxford    2.544   12/8/2117    GBP   65.782
Russian Foreign Bond    4.750   5/27/2026    USD   44.992
ADLER Group SA          3.250    8/5/2025    EUR   40.933
Verbund AG              0.900    4/1/2041    EUR   67.001
Shell International     3.000  11/26/2051    USD   71.668
Vonovia Finance BV      1.000   1/28/2041    EUR   56.600
Atos SE                 2.500   11/7/2028    EUR   63.962
Credit Mutuel Arkea     0.875   3/11/2033    EUR   72.972
MVM Energetika Zrt      0.875  11/18/2027    EUR   71.755
Just Group PLC          5.000                GBP   68.620
Credit Bank of Mosco    3.100   1/21/2026    EUR   18.583
NE Property BV          2.000   1/20/2030    EUR   69.460
Russian Railways Via    1.195    4/3/2028    CHF   14.432
Intermediate Capital    2.500   1/28/2030    EUR   73.077
BAT International Fi    2.000   3/13/2045    EUR   58.141
R-Logitech Finance S   10.250   9/26/2027    EUR   59.978
Deutsche Bank AG/New    3.729   1/14/2032    USD   73.849
Vodafone Group PLC      3.000   8/12/2056    GBP   68.531
Cofinimmo SA            0.875   12/2/2030    EUR   74.776
Momox Holding AG        7.498   7/10/2025    EUR   57.557
BCP V Modular Servic    6.750  11/30/2029    EUR   72.659
Borets Finance DAC      6.000   9/17/2026    USD   34.153
Standard Chartered P    3.603   1/12/2033    USD   74.324
Biocartis Group NV      4.000    5/9/2024    EUR   56.812
Mutuelle Assurance D    2.125   6/21/2052    EUR   69.839
Aedifica SA             0.750    9/9/2031    EUR   67.672
BPCE SA                 3.116  10/19/2032    USD   72.625
Tinkoff Bank JSC Via   11.002                USD   36.909
TotalEnergies Capita    3.386   6/29/2060    USD   72.757
Lloyds Banking Group    3.369  12/14/2046    USD   64.829
Novafives SAS           5.500   6/15/2025    EUR   73.969
UNEDIC ASSEO            0.100   5/25/2034    EUR   72.825
Electricite de Franc    1.000  11/29/2033    EUR   71.638
Cardea Europe AG        7.250   12/8/2023    EUR   42.917
Andorra Internationa    1.700  10/13/2041    EUR   73.548
Vnesheconombank Via     5.942  11/21/2023    USD    4.574
Samhallsbyggnadsbola    5.333                SEK   55.222
Chesnara PLC            4.750    8/4/2032    GBP   73.018
Jaguar Land Rover Au    5.500   7/15/2029    USD   71.721
Nestle Finance Inter    0.875   6/14/2041    EUR   70.295
Moby SpA                7.750   2/15/2023    EUR   65.867
EnfraGen Energia Sur    5.375  12/30/2030    USD   64.994
Standard Chartered P    2.678   6/29/2032    USD   74.252
Standard Chartered P    2.678   6/29/2032    USD   74.075
Julius Baer Group Lt    3.625                USD   69.541
Delete Group Oyj        6.458   4/19/2024    EUR   71.145
ALROSA Finance SA       3.100   6/25/2027    USD    9.979
Wirecard AG             0.500   9/11/2024    EUR   10.305
Unibail-Rodamco-West    1.750    7/1/2049    EUR   63.665
VTB Bank PJSC Via VT    9.500                USD    6.000
UNIQA Insurance Grou    2.375   12/9/2041    EUR   71.877
Evraz PLC               5.375   3/20/2023    USD   49.263
EQT AB                  0.875   5/14/2031    EUR   69.956
Muenchener Rueckvers    1.000   5/26/2042    EUR   71.908
ICADE                   1.000   1/19/2030    EUR   74.387
Credit Agricole Assu    1.500   10/6/2031    EUR   74.974
Evraz PLC               5.250    4/2/2024    USD   52.000
Standard Chartered P    3.265   2/18/2036    USD   72.641
FIGEAC-AERO             1.750  10/18/2028    EUR   21.911
alstria office REIT-    1.500  11/15/2027    EUR   72.457
Iren SpA                0.250   1/17/2031    EUR   70.541
Desenio Group AB        7.056  12/16/2024    SEK   49.833
ADLER Group SA          2.750  11/13/2026    EUR   39.083
Electricite de Franc    4.500   12/4/2069    USD   72.069
Audax Renovables SA     2.750  11/30/2025    EUR   67.930
Sibur Securities DAC    3.450   9/23/2024    USD   59.750
Paragon GmbH & Co KG    4.000   4/23/2023    CHF   50.110
Perrigo Finance Unli    4.900  12/15/2044    USD   67.300
Orsted AS               1.500   2/18/3021    EUR   73.793
Credit Bank of Mosco    5.150   2/20/2024    EUR   18.453
JDE Peet's NV           1.125   6/16/2033    EUR   73.804
Romania Government B    4.250   4/28/2036    RON   67.985
Russian Foreign Bond    2.875   12/4/2025    EUR   42.746
Novolipetsk Steel Vi    4.700   5/30/2026    USD   59.443
Global Ports Finance    6.500   9/22/2023    USD   25.000
Wuestenrot & Wuertte    2.125   9/10/2041    EUR   70.028
DOF Subsea AS          11.480  11/27/2023    NOK   69.499
Storebrand Livsforsi    1.875   9/30/2051    EUR   71.997
Thermo Fisher Scient    1.625  10/18/2041    EUR   71.765
JAB Holdings BV         4.500    4/8/2052    USD   66.864
DH Europe Finance II    1.350   9/18/2039    EUR   73.080
Becton Dickinson Eur    1.336   8/13/2041    EUR   66.453
Enel Finance Interna    2.250   7/12/2031    USD   74.852
Nykredit Realkredit     1.500   10/1/2053    DKK   74.613
Icade Sante SACA        1.375   9/17/2030    EUR   72.503
Bank Gospodarstwa Kr    2.125    6/5/2030    PLN   68.573
Raiffeisen Bank Inte    1.375   6/17/2033    EUR   69.138
HOCHDORF Holding AG     2.500                CHF   27.273
Czech Gas Networks I    0.450    9/8/2029    EUR   68.392
Deutsche Bahn Financ    1.125   5/29/2051    EUR   63.337
NatWest Group PLC       3.032  11/28/2035    USD   73.481
Maisons du Monde SA     0.125   12/6/2023    EUR   46.077
Prosus NV               1.985   7/13/2033    EUR   65.124
Barclays PLC            3.811   3/10/2042    USD   65.784
E.ON SE                 0.875  10/18/2034    EUR   74.261
SAS AB                  6.900                SEK   20.166
Republic of Poland G    2.000    3/8/2049    EUR   69.834
DOF Subsea AS           9.500   3/14/2023    USD   70.372
Island Offshore Ship    8.320   6/30/2024    NOK   15.250
Koninklijke KPN NV      0.875  11/15/2033    EUR   74.763
HSE Finance Sarl        7.512  10/15/2026    EUR   61.266
Czech Republic Gover    1.950   7/30/2037    CZK   70.713
BP Capital Markets B    1.467   9/21/2041    EUR   69.671
Credit Suisse Group     5.250                USD   68.960
BPCE SA                 2.125  10/13/2046    EUR   71.217
ABN AMRO Bank NV        3.324   3/13/2037    USD   72.552
Credit Bank of Mosco    8.875                USD   17.000
BUPA Finance PLC        4.000                GBP   65.106
Czech Republic Gover    0.050  11/29/2029    CZK   72.018
Bigben Interactive      1.125   2/19/2026    EUR   69.358
Ekosem-Agrar AG         2.500   7/31/2029    EUR   21.627
Linde PLC               1.000   9/30/2051    EUR   60.582
esure Group PLC         6.000                GBP   70.817
Beyond Housing Ltd      2.125   5/17/2051    GBP   60.587
Deutsche Telekom AG     1.750   12/9/2049    EUR   72.731
John Lewis PLC          4.250  12/18/2034    GBP   63.234
GOL Equity Finance S    3.750   7/15/2024    USD   40.500
Karlou BV               7.750   6/18/2024    USD   14.000
Medtronic Global Hol    1.500    7/2/2039    EUR   72.544
ALROSA Finance SA       4.650    4/9/2024    USD   11.281
TP ICAP Finance PLC     2.625  11/18/2028    GBP   72.934
Engie SA                1.375   6/21/2039    EUR   68.521
VTR Finance NV          6.375   7/15/2028    USD   43.912
Engie SA                1.875                EUR   72.457
ABN AMRO Bank NV        1.000    6/2/2033    EUR   74.683
Mobile Telesystems O    5.000   5/30/2023    USD   27.649
Bank Gospodarstwa Kr    1.750   3/12/2028    PLN   74.622
Mallinckrodt Interna   10.000   4/15/2025    USD   68.226
Barclays PLC            3.382   5/20/2032    AUD   72.353
VEON Holdings BV        3.375  11/25/2027    USD   72.500
Russian Foreign Bond    2.650   5/27/2036    EUR   40.000
Vienna Insurance Gro    1.000   3/26/2036    EUR   67.514
Orange SA               1.375    9/4/2049    EUR   73.284
Societe Generale SA     4.027   1/21/2043    USD   66.370
Canton of Zurich        0.100   6/23/2045    CHF   71.103
Hungary Government B    2.250   6/22/2034    HUF   57.903
Enel Finance Interna    1.250   1/17/2035    EUR   73.598
Home Credit & Financ    8.800                USD    8.286
Banque Federative du    0.957                EUR   74.767
JT International Fin    3.300   9/14/2051    USD   56.894
Medtronic Global Hol    1.750    7/2/2049    EUR   70.033
Amprion GmbH            0.625   9/23/2033    EUR   73.227
UBS Group AG            3.179   2/11/2043    USD   67.041
Traton Finance Luxem    1.250   3/24/2033    EUR   72.479
Agence Francaise de     0.500   5/31/2035    EUR   73.435
Groupe Bruxelles Lam    0.125   1/28/2031    EUR   74.976
Nexity SA               0.875   4/19/2028    EUR   42.743
Intesa Sanpaolo SpA     4.700   9/23/2049    USD   71.325
Credit Suisse Group     3.091   5/14/2032    USD   70.320
Orsted AS               2.500   2/18/3021    GBP   66.311
BAT International Fi    4.000  11/23/2055    GBP   63.493
Hera SpA                1.000   4/25/2034    EUR   72.687
BNP Paribas SA          4.245                USD   68.145
Suek Securities DAC     3.375   9/15/2026    USD   33.949
Eni SpA                 1.000  10/11/2034    EUR   73.291
Russian Federal Bond    6.100   7/18/2035    RUB   73.658
Sberbank of Russia V    5.250   5/23/2023    USD    6.524
Credit Bank of Mosco    3.875   9/21/2026    USD   20.746
Credit Suisse Group     2.125  11/15/2029    GBP   72.956
WPC Eurobond BV         0.950    6/1/2030    EUR   74.435
Russian Agricultural    8.500  10/16/2023    USD   13.414
MMK International Ca    4.375   6/13/2024    USD   29.904
Ukraine Government B   11.670  11/22/2023    UAH   59.375
Andrade Gutierrez In    9.500  12/30/2024    USD   54.543
Republic of Poland G    4.000   4/25/2047    PLN   65.048
BMW Finance NV          0.200   1/11/2033    EUR   74.581
Alfa Bank AO Via Alf    5.950   4/15/2030    USD    4.503
RWE AG                  1.000  11/26/2033    EUR   74.363
Klepierre SA            0.625    7/1/2030    EUR   73.838
Aroundtown SA           3.000  10/16/2029    GBP   74.992
Eurochem Finance DAC    5.500   3/13/2024    USD   50.109
UBS Group AG            0.625   2/24/2033    EUR   73.212
Bank Gospodarstwa Kr    0.500    7/8/2031    EUR   69.605
Vonovia Finance BV      1.625   10/7/2039    EUR   64.022
Investor AB             0.375  10/29/2035    EUR   69.813
Credit Suisse Group     6.375                USD   74.000
Sovcombank Via SovCo    7.600                USD    4.609
GTLK Europe Capital     5.950   4/17/2025    USD   26.787
CBRE Global Investor    0.900  10/12/2029    EUR   74.528
Cellnex Finance Co S    3.875    7/7/2041    USD   68.335
Orpea SA                2.000    8/9/2029    EUR   23.396
JAB Holdings BV         2.250  12/19/2039    EUR   70.348
Ilija Batljan Invest    8.350                SEK   47.735
Electricite de Franc    2.000   12/9/2049    EUR   65.131
GTLK Europe Capital     4.800   2/26/2028    USD   22.781
NIBC Bank NV            2.850   2/21/2040    EUR   72.152
Kenbourne Invest SA     4.700   1/22/2028    USD   70.907
Motability Operation    2.125   1/18/2042    GBP   71.324
Scandinavian Airline    0.625                CHF   12.650
Credit Suisse Group     7.250                USD   75.000
Senvion Holding GmbH    3.875  10/25/2022    EUR    0.310
Offshore Drilling Ho    8.375   9/20/2020    USD    3.876
Cie Generale des Eta    0.625   11/2/2040    EUR   63.257
Digital Intrepid Hol    0.625   7/15/2031    EUR   70.761
Jyske Realkredit A/S    1.000   10/1/2050    DKK   71.365
Direct Line Insuranc    4.750                GBP   71.627
Credit Bank of Mosco    4.700   1/29/2025    USD   19.142
Snam SpA                1.000   9/12/2034    EUR   71.411
GTLK Europe Capital     4.650   3/10/2027    USD   21.998
Thomas Cook Group PL    6.250   6/15/2022    EUR    0.188
PB International BV     7.625  12/31/2025    USD   44.698
Standard Chartered P    5.925                USD   76.750
Snam SpA                1.250   6/20/2034    EUR   74.006
ICADE                   0.625   1/18/2031    EUR   68.819
Finland Government B    0.250   9/15/2040    EUR   66.508
BNP Paribas SA          2.824   1/26/2041    USD   62.144
HSBC Bank PLC           2.977                USD   67.394
Digital Dutch Finco     1.000   1/15/2032    EUR   72.727
GlaxoSmithKline Capi    1.625   5/12/2035    GBP   74.499
Lithuania Government    0.500   7/28/2050    EUR   46.278
Mithra Pharmaceutica    4.250  12/17/2025    EUR   65.430
BP Capital Markets B    0.933   12/4/2040    EUR   66.065
DH Europe Finance II    1.800   9/18/2049    EUR   72.896
National Grid Electr    0.872  11/26/2040    EUR   61.689
Rusal Capital DAC       4.850    2/1/2023    USD   43.189
Deutsche Telekom AG     3.625   1/21/2050    USD   73.936
State of North Rhine    0.500   1/15/2052    EUR   57.141
BPCE SA                 2.277   1/20/2032    USD   74.971
Kreditanstalt fuer W    0.050   9/29/2034    EUR   73.957
Unibail-Rodamco-West    2.250   5/14/2038    EUR   74.379
Bank Gospodarstwa Kr    2.250   7/21/2033    PLN   61.167
Metropolitano de Ten    1.229   7/30/2036    EUR   73.651
Utmost Group PLC        4.000  12/15/2031    GBP   72.540
Ukraine Government B    9.790   5/26/2027    UAH   55.201
Genfit                  3.500  10/16/2025    EUR   24.882
Enel Finance Interna    2.875   7/12/2041    USD   62.279
Global Fashion Group    1.250   3/15/2028    EUR   73.545
Allied Irish Banks P   12.500   6/25/2035    GBP   55.141
Ulker Biskuvi Sanayi    6.950  10/30/2025    USD   73.157
Segro Capital Sarl      0.500   9/22/2031    EUR   71.649
Debenhams PLC           5.250   7/15/2021    GBP    0.440
Finland Government B    0.500   4/15/2043    EUR   67.494
UBS Group AG            3.179   2/11/2043    USD   67.475
Wirtschafts- und Inf    0.031   1/22/2036    EUR   66.544
Proximus SADP           0.750  11/17/2036    EUR   71.082
LEG Immobilien SE       0.750   6/30/2031    EUR   71.580
AstraZeneca PLC         2.125    8/6/2050    USD   61.255
Nykredit Realkredit     0.500   10/1/2053    DKK   69.245
Lithuania Government    0.300   2/12/2032    EUR   69.152
Ireland Government B    0.550   4/22/2041    EUR   68.565
Sibur Securities DAC    2.950    7/8/2025    USD   42.843
PJSC Koks via IMH Ca    5.900   9/23/2025    USD    7.242
Peabody Capital No 2    3.250   9/14/2048    GBP   74.032
NET4GAS sro             3.500   7/28/2026    EUR   68.676
Standard Chartered P    3.265   2/18/2036    USD   73.023
Havila Shipping ASA     7.410    1/2/2025    NOK   40.000
Euroboden GmbH          5.500  11/18/2025    EUR   70.454
BPCE SA                 3.116  10/19/2032    USD   72.350
Severn Trent Utiliti    2.000    6/2/2040    GBP   66.780
Econocom Group SA/NV    0.500    3/6/2023    EUR    7.921
Saderea DAC            12.500  11/30/2026    USD   64.359
Officine Maccaferri-    5.750    6/1/2021    EUR   17.672
Thomas Cook Finance     3.875   7/15/2023    EUR    1.474
Barclays PLC            3.330  11/24/2042    USD   69.273
Air Berlin PLC          8.250   4/19/2018    EUR    0.226
Unibail-Rodamco-West    1.375   5/25/2033    EUR   73.049
UNEDIC ASSEO            0.500   5/25/2036    EUR   72.379
Travelex Financing P    8.000   5/15/2022    EUR    0.271
Societe Generale SA     3.625    3/1/2041    USD   63.901
Gol Finance SA          8.000   6/30/2026    USD   58.205
Unibail-Rodamco-West    0.875   3/29/2032    EUR   71.161
Bayer AG                1.000   1/12/2036    EUR   70.560
TotalEnergies Capita    3.127   5/29/2050    USD   72.356
Shell International     0.875   11/8/2039    EUR   66.683
Icade Sante SACA        0.875   11/4/2029    EUR   74.569
Lithuania Government    0.750   7/15/2051    EUR   49.919
GTLK Europe Capital     4.949   2/18/2026    USD   26.012
Altice France Holdin    6.000   2/15/2028    USD   65.376
OMV AG                  1.000    7/3/2034    EUR   74.870
Motability Operation    1.500   1/20/2041    GBP   64.823
Movida Europe SA        5.250    2/8/2031    USD   73.046
Czech Gas Networks I    0.875   3/31/2031    EUR   66.886
La Poste SA             0.625   1/18/2036    EUR   68.974
GTLK Europe Capital     4.349   2/27/2029    USD   20.543
Smurfit Kappa Treasu    1.000   9/22/2033    EUR   72.168
Credit Bank of Mosco    7.500   10/5/2027    USD   18.000
Market Parent Finco     6.750   10/1/2029    GBP   61.972
AstraZeneca PLC         3.000   5/28/2051    USD   73.302
Orpea SA                3.144  12/22/2025    EUR   57.468
Offentliga Hus I Nor    8.521                SEK   63.658
University College L    1.625    6/4/2061    GBP   59.072
Ozon Holdings PLC       1.875   2/24/2026    USD   59.593
Nordiska Kreditmarkn   10.669                SEK   73.926
GTLK Europe DAC         5.125   5/31/2024    USD   30.898
Idavang A/S             9.052  11/11/2025    EUR   62.295
Vnesheconombank Via     6.025    7/5/2022    USD    5.125
Engie SA                1.250  10/24/2041    EUR   63.175
LEG Immobilien SE       1.000  11/19/2032    EUR   67.785
TMK OAO Via TMK Capi    4.300   2/12/2027    USD   16.286
Sovcombank Via SovCo    8.000    4/7/2030    USD    3.506
Lloyds Banking Group    4.344    1/9/2048    USD   73.034
TenneT Holding BV       0.500  11/30/2040    EUR   60.190
Republic of Croatia     1.000  11/27/2034    HRK   70.380
Hellenic Bank PCL      10.000                EUR   54.997
Places For People Tr    2.500   1/26/2036    GBP   73.030
Tullow Oil PLC          7.000    3/1/2025    USD   70.399
Derwent London PLC      1.875  11/17/2031    GBP   72.864
Orange SA               0.625  12/16/2033    EUR   74.676
Sanctuary Capital PL    2.375   4/14/2050    GBP   62.741
Saxa Gres Spa           7.000    8/4/2026    EUR   35.754
Realkredit Danmark A    1.000   10/1/2050    DKK   71.295
SCF Capital Designat    5.375   6/16/2023    USD   20.000
Enel Finance Interna    2.250   7/12/2031    USD   74.262
BAE Systems PLC         3.000   9/15/2050    USD   67.131
Orpea SA                3.000  11/25/2041    EUR   14.843
Intelsat Jackson Hol    5.500    8/1/2023    USD    0.486
Siemens Financiering    2.875   3/11/2041    USD   74.617
Annington Funding PL    2.924   10/6/2051    GBP   62.972
Deutsche Bahn Financ    0.875   6/23/2039    EUR   69.920
Intu Debenture PLC      5.562  12/31/2027    GBP   43.382
CNP Assurances          1.875  10/12/2053    EUR   73.377
Unibail-Rodamco-West    1.750   2/27/2034    EUR   74.656
CPI Property Group S    2.750   1/22/2028    GBP   69.447
Perrigo Co PLC          5.300  11/15/2043    USD   74.000
Ageas SA/NV             1.875  11/24/2051    EUR   73.282
Klepierre SA            1.625  12/13/2032    EUR   74.358
Samhallsbyggnadsbola    3.527   1/30/2027    SEK   73.619
Koninklijke Luchtvaa    0.750                CHF   17.800
Novolipetsk Steel Vi    4.000   9/21/2024    USD   60.481
DNB Bank ASA            3.716                USD   66.682
Nykredit Realkredit     0.500   10/1/2050    DKK   71.108
Eurotorg LLC Via Bon    9.000  10/22/2025    USD   54.897
Thames Water Utiliti    2.375   4/22/2040    GBP   65.602
Stichting Afwikkelin   11.250                EUR   45.000
Gazprom PJSC Via Gaz    7.288   8/16/2037    USD   73.000
Andrade Gutierrez In   11.000   8/20/2021    USD   51.735
SKF AB                  0.250   2/15/2031    EUR   74.224
Talanx AG               1.750   12/1/2042    EUR   74.901
Rallye SA               3.250   2/28/2032    CHF    8.560
BNG Bank NV             0.805   6/28/2049    EUR   62.486
European Financial S    0.700   1/17/2053    EUR   59.160
Sovereign Housing Ca    2.375   11/4/2048    GBP   65.672
BNP Paribas SA          2.588   8/12/2035    USD   73.380
PIK Securities DAC      5.625  11/19/2026    USD   32.400
Euronext NV             1.500   5/17/2041    EUR   65.227
TenneT Holding BV       0.125  11/30/2032    EUR   71.070
Klepierre SA            1.250   9/29/2031    EUR   74.599
Guinness Partnership    2.000   4/22/2055    GBP   56.177
EWE AG                  0.375  10/22/2032    EUR   69.801
Simon International     1.125   3/19/2033    EUR   74.357
Hyde Housing Associa    1.750   8/18/2055    GBP   53.093
Enel Finance Interna    1.125  10/17/2034    EUR   74.294
Clarion Funding PLC     3.125   4/19/2048    GBP   72.195
Wellcome Trust Ltd/T    2.517    2/7/2118    GBP   66.104
Allianz SE              3.200                USD   68.250
Nostrum Oil & Gas Fi    8.000   7/25/2022    USD   26.269
Carmila SA              1.625    4/1/2029    EUR   70.492
Standard Chartered P    4.750                USD   67.693
Tritax Big Box REIT     1.500  11/27/2033    GBP   68.268
Aroundtown SA           2.912   9/20/2030    EUR   70.641
BPCE SA                 3.648   1/14/2037    USD   74.398
NIBC Bank NV            1.315                EUR   72.490
Nordea Kredit Realkr    1.000   10/1/2050    DKK   71.405
Ukraine Government I    8.994    2/1/2026    USD   23.375
BNP Paribas SA          2.000   9/13/2036    GBP   67.526
Deutsche Wohnen SE      0.500    4/7/2031    EUR   69.656
Orpea SA                2.300    3/6/2025    EUR   25.743
Sibur Securities DAC    4.125   10/5/2023    USD   59.728
Republic of Poland G    2.000  10/25/2046    EUR   69.505
A2A SpA                 0.625   7/15/2031    EUR   72.163
Hera SpA                0.250   12/3/2030    EUR   74.803
Euroboden GmbH          5.500   10/1/2024    EUR   69.956
Norddeutsche Landesb    8.916                EUR   68.031
B2W Digital Lux Sarl    4.375  12/20/2030    USD   61.831
Credit Agricole SA      2.811   1/11/2041    USD   62.253
BNP Paribas SA          1.250   7/13/2031    GBP   72.168
Ukraine Government I    7.750    9/1/2026    USD   23.358
Russian Foreign Bond    1.125  11/20/2027    EUR   38.638
Rallye SA               4.000   2/28/2032    CHF    9.598
Ile-de-France Mobili    1.275   2/14/2042    EUR   73.513
UniCredit Bank Austr    0.050   9/21/2035    EUR   69.500
EXOR NV                 1.750  10/14/2034    EUR   74.428
National Grid Electr    2.000   4/17/2040    GBP   64.279
BNP Paribas SA          2.588   8/12/2035    USD   72.763
Intelsat Jackson Hol    9.750   7/15/2025    USD    0.486
Medtronic Global Hol    1.625  10/15/2050    EUR   67.346
Deutsche Bahn Financ    0.625   4/15/2036    EUR   71.389
Finland Government B    0.125   4/15/2036    EUR   71.951
Realkredit Danmark A    1.000   10/1/2053    DKK   70.084
Nestle Finance Inter    0.375   12/3/2040    EUR   63.717
Argenta Spaarbank NV    0.500   10/8/2041    EUR   65.206
Blend Funding PLC       2.922    4/5/2054    GBP   69.309
Sigma Holdco BV         7.875   5/15/2026    USD   71.579
DNB Bank ASA            3.320                USD   66.905
Intelsat Jackson Hol    8.500  10/15/2024    USD    0.486
Avianca Midco 2 PLC     9.000   12/1/2028    USD   74.477
Holcim Finance Luxem    0.625   1/19/2033    EUR   70.702
Bulgaria Government     0.250   5/24/2029    BGN   71.885
Standard Chartered P    3.603   1/12/2033    USD   74.330
Societe Generale SA     4.027   1/21/2043    USD   66.126
Holcim Finance Luxem    1.375   10/8/2036    EUR   60.477
Terragon AG             6.500   5/24/2024    EUR    5.000
CM.com NV               2.000    9/9/2026    EUR   67.649
Cooperatieve Raboban    0.625   2/25/2033    EUR   72.813
State of North Rhine    0.200   1/27/2051    EUR   52.171
Schlote Holding GmbH    6.750  11/21/2024    EUR   67.257
Accent Capital PLC      2.625   7/18/2049    GBP   68.344
Novolipetsk Steel Vi    4.500   6/15/2023    USD   61.652
Slovenia Government     1.175   2/13/2062    EUR   56.248
TenneT Holding BV       0.875   6/16/2035    EUR   73.472
Sovcombank Via SovCo    3.400   1/26/2025    USD    4.879
Gol Finance SA          7.000   1/31/2025    USD   39.512
Gazprom PJSC via Gaz    4.599                USD   52.000
Hungary Government I    2.125   9/22/2031    USD   74.833
K2A Knaust & Anderss    7.712                SEK   72.206
Landesbank Baden-Wue    0.375   2/21/2031    EUR   73.619
Credit Agricole Ital    0.125   3/15/2033    EUR   72.150
Claranova SE            5.000    7/1/2023    EUR    1.050
Marston's Issuer PLC    5.410   7/16/2035    GBP   74.824
A2A SpA                 1.000   11/2/2033    EUR   68.614
Sovcombank Via SovCo    7.750                USD    3.468
Gazprom PJSC Via Gaz    4.950    2/6/2028    USD   70.000
Samhallsbyggnadsbola    7.000   7/24/2023    SEK   63.322
de Volksbank NV         0.375   9/16/2041    EUR   63.084
Hacienda Investments    5.350    2/8/2028    USD   42.000
Ziton A/S              10.060   10/3/2024    EUR   70.402
Aroundtown SA           3.625   4/10/2031    GBP   74.266
JAB Holdings BV         3.750   5/28/2051    USD   57.328
Immigon Portfolioabb    6.569                EUR    9.985
Greene King Finance     4.602   3/15/2036    GBP   74.923
Portugal Obrigacoes     1.150   4/11/2042    EUR   71.568
Korian SA               3.350   6/29/2028    EUR   74.008
Societa di Progetto     3.375  12/31/2038    EUR   72.097
Credit Bank of Mosco    7.625                USD   15.433
Deutsche Wohnen SE      1.300    4/7/2041    EUR   54.449
Saleza AS               9.000   7/12/2021    EUR    0.203
State of North Rhine    1.375   1/15/2120    EUR   57.985
Scottish Hydro Elect    2.250   9/27/2035    GBP   74.009
ABN AMRO Bank NV        3.324   3/13/2037    USD   72.145
InterCement Financia    5.750   7/17/2024    USD   68.270
Orange SA               0.750   6/29/2034    EUR   74.444
ABN AMRO Bank NV        0.400   9/17/2041    EUR   64.482
BPCE SA                 2.277   1/20/2032    USD   74.692
Cooperatieve Raboban    1.000   1/19/2034    EUR   74.084
Chancellor Masters &    0.250   6/27/2068    GBP   66.962
Societe Du Grand Par    0.700  10/15/2060    EUR   45.305
SCF Capital Designat    3.850   4/26/2028    USD   19.428
GN Store Nord AS        1.970    3/3/2036    EUR   48.785
Nederlandse Watersch    0.125    9/3/2035    EUR   71.664
A2A SpA                 0.625  10/28/2032    EUR   69.591
Cooperatieve Raboban    0.500   7/30/2043    MXN   12.489
Shell International     2.875  11/26/2041    USD   74.927
Bulgaria Government     0.100   8/17/2031    BGN   59.926
BNP Paribas SA          2.824   1/26/2041    USD   61.739
Wales & West Utiliti    1.875   5/28/2041    GBP   64.292
Ukraine Government B   10.000   8/23/2023    UAH   59.375
Molnlycke Holding AB    0.625   1/15/2031    EUR   73.734
Ukraine Government I    7.750    9/1/2025    USD   25.127
NAK Naftogaz Ukraine    7.625   11/8/2026    USD   18.061
Orpea SA                2.770  12/18/2028    EUR   12.523
Chelyabinsk Pipe Pla    4.500   9/19/2024    USD   16.665
Ukraine Government B    9.990   5/22/2024    UAH   51.591
Cimpress PLC            7.000   6/15/2026    USD   66.785
Realkredit Danmark A    1.000   10/1/2053    DKK   74.678
Polyus Finance PLC      5.250    2/7/2023    USD   48.191
Zurich Finance Irela    1.625   6/17/2039    EUR   73.172
Pierre Et Vacances S    2.000    4/1/2023    EUR   26.479
National Grid Electr    2.000   9/16/2038    GBP   65.947
O1 Properties Financ    0.500   9/27/2028    USD    5.227
Jyske Realkredit A/S    1.000   10/1/2053    DKK   74.789
CK Hutchison Group T    2.625  10/17/2034    GBP   70.452
Becton Dickinson Eur    1.213   2/12/2036    EUR   73.714
Vedanta Resources Fi    8.950   3/11/2025    USD   67.046
Nationwide Building     0.500    5/5/2041    EUR   66.152
National Grid PLC       0.750    9/1/2033    EUR   72.463
Medtronic Global Hol    1.375  10/15/2040    EUR   69.567
Assura Financing PLC    1.625   6/30/2033    GBP   69.478
NPC Ukrenergo           6.875   11/9/2028    USD   18.486
Investor AB             1.500   6/20/2039    EUR   74.742
Polski Koncern Nafto    2.875   3/25/2031    PLN   72.486
Gazprom PJSC via Gaz    3.500   7/14/2031    USD   64.532
ABN AMRO Bank NV        0.625   1/24/2037    EUR   73.728
DSV Finance BV          0.750    7/5/2033    EUR   72.610
Anchor Hanover Group    2.000   7/21/2051    GBP   58.029
Royalty Pharma PLC      3.350    9/2/2051    USD   65.362
Jababeka Internation    6.500   10/5/2023    USD   54.609
AI Candelaria Spain     5.750   6/15/2033    USD   73.064
Land Securities Capi    2.750   9/22/2059    GBP   69.856
Northern Powergrid N    1.875   6/16/2062    GBP   57.932
Nostrum Oil & Gas Fi    7.000   2/16/2025    USD   25.383
Kernel Holding SA       6.500  10/17/2024    USD   44.276
Regiao Autonoma Made    1.141   12/4/2034    EUR   74.336
Platform HG Financin    1.625   8/10/2055    GBP   51.583
Gazprom PJSC Via Gaz    4.950   3/23/2027    USD   52.000
Credit Bank of Mosco    5.550   2/14/2023    USD   21.202
Jyske Realkredit A/S    1.500   10/1/2053    DKK   74.629
SCOR SE                 1.375   9/17/2051    EUR   71.906
Royalty Pharma PLC      3.300    9/2/2040    USD   72.096
UNEDIC ASSEO            0.250   7/16/2035    EUR   71.703
Prologis Internation    0.750   3/23/2033    EUR   70.136
Prosus NV               4.027    8/3/2050    USD   61.405
Nordea Kredit Realkr    1.000   10/1/2053    DKK   74.763
United Utilities Wat    1.875    6/3/2042    GBP   65.433
Gecina SA               0.875   1/25/2033    EUR   74.733
Nordea Kredit Realkr    1.500   10/1/2053    DKK   74.664
Dexia Credit Local S    3.533                EUR    2.048
Rusal Capital DAC       5.300    5/3/2023    USD   40.465
Societe Nationale SN    1.000   5/25/2040    EUR   69.698
Social Chain AG /The    5.750    4/7/2024    EUR   68.000
Northern Powergrid Y    2.250   10/9/2059    GBP   63.592
Simpar Europe SA        5.200   1/26/2031    USD   72.999
Bulgaria Government     1.500   6/21/2039    BGN   53.980
Banco Espirito Santo    7.125  11/28/2023    EUR    0.110
LEG Immobilien SE       1.500   1/17/2034    EUR   69.008
Societe Du Grand Par    1.000   2/18/2070    EUR   47.934
Cadent Finance PLC      2.750   9/22/2046    GBP   66.330
ABH Financial Ltd Vi    2.700   6/11/2023    EUR    6.987
Mondelez Internation    1.250    9/9/2041    EUR   66.906
Ukraine Government I    7.253   3/15/2035    USD   21.750
Lendlease Europe Fin    3.500   12/2/2033    GBP   67.026
RTE Reseau de Transp    1.125    7/8/2040    EUR   68.042
Rickmers Holding AG     8.875   6/11/2018    EUR    1.345
Enel Finance Interna    2.875   7/12/2041    USD   61.940
Gecina SA               0.875   6/30/2036    EUR   67.185
Hylea Group SA          7.250   12/1/2022    EUR    0.400
Royal Schiphol Group    0.750   4/22/2033    EUR   74.092
Hellenic Republic Go    2.085   7/25/2057    EUR   32.556
SABIC Capital I BV      3.000   9/14/2050    USD   72.392
Credit Suisse Group     4.500                USD   57.625
Credit Agricole SA      2.811   1/11/2041    USD   61.619
Alfa Bank AO Via Alf    6.950                USD    4.438
Ukraine Government B   16.000   5/24/2023    UAH   59.375
European Financial S    0.700   1/20/2050    EUR   61.570
Rallye SA               5.250   2/28/2032    EUR    7.856
Uralkali OJSC Via Ur    4.000  10/22/2024    USD   19.327
NatWest Markets NV      7.125  10/15/2093    USD   74.104
Clarion Funding PLC     1.875    9/7/2051    GBP   52.950
Vier Gas Transport G    0.500   9/10/2034    EUR   66.961
Prosus NV               3.832    2/8/2051    USD   60.635
EA Partners II BV       6.750    6/1/2021    USD    0.866
Tresu Investment Hol    6.228    1/2/2025    EUR   48.500
STERIS Irish FinCo U    3.750   3/15/2051    USD   72.252
Bulgaria Government     0.500  12/21/2029    BGN   70.879
Chancellor Masters &    2.350   6/27/2078    GBP   68.163
OGX Austria GmbH        8.375    4/1/2022    USD    0.002
BNP Paribas SA          4.500                USD   69.000
RTE Reseau de Transp    0.750   1/12/2034    EUR   74.667
Metalloinvest Financ    3.375  10/22/2028    USD   53.731
CCEP Finance Ireland    1.500    5/6/2041    EUR   71.674
Banco Espirito Santo    6.875   7/15/2016    EUR   18.250
Credit Bank of Mosco    7.121   6/25/2024    USD   22.717
City of Lausanne Swi    0.050   9/28/2054    CHF   55.015
Nordea Kredit Realkr    1.000   10/1/2053    DKK   70.139
Gazprom PJSC via Gaz    3.250   2/25/2030    USD   64.000
Engie SA                1.000  10/26/2036    EUR   69.455
WPP Finance 2013        2.875   9/14/2046    GBP   64.093
Kreditanstalt fuer W    0.375   5/20/2036    EUR   73.990
Air Berlin PLC          6.750    5/9/2019    EUR    0.304
Republic of Belarus     5.875   2/24/2026    USD   33.000
Latvia Government In    1.375   5/16/2036    EUR   74.010
Alfa Bank AO Via Alf    5.900                USD    4.396
Orbit Capital PLC       2.000  11/24/2038    GBP   66.572
Ministeries Van de V    0.125  10/15/2035    EUR   69.711
Croatia Government B    1.250    3/3/2040    EUR   63.143
Lukoil Capital DAC      3.600  10/26/2031    USD   70.000
Ukraine Government I   11.670  11/22/2023    UAH   59.375
Cooperatieve Raboban    0.750   6/21/2039    EUR   71.848
FF Group Finance Lux    1.750    7/3/2019    EUR    4.333
Ukraine Government I    7.750    9/1/2027    USD   23.322
Cadent Finance PLC      2.625   9/22/2038    GBP   71.279
Canton of Geneva Swi    0.500  10/31/2056    CHF   70.865
Ukraine Government B   10.950   11/1/2023    UAH   65.343
Gazprom PJSC via Gaz    1.500   2/17/2027    EUR   66.185
East Slope Residenci    0.100   2/28/2062    GBP   72.256
DLR Kredit A/S          1.500   10/1/2053    DKK   74.711
PREOS Global Office     7.500   12/9/2024    EUR   48.500
DNB Bank ASA            3.691                USD   66.663
Intesa Sanpaolo SpA     2.700   3/29/2031    USD   73.738
UniCredit Bank AG       0.010   1/21/2036    EUR   69.117
United Utilities Wat    1.750   2/10/2038    GBP   69.020
Realkredit Danmark A    1.500   10/1/2053    DKK   74.604
EYEMAXX Real Estate     5.500   4/26/2023    EUR    1.613
UBS Group AG            4.375                USD   73.259
Realkredit Danmark A    1.000   10/1/2053    DKK   64.387
Polyus Finance PLC      4.700   1/29/2024    USD   47.725
Fuerstenberg Capital    2.522                EUR   66.823
Caisse Francaise de     0.625   1/20/2042    EUR   66.941
Banco Espirito Santo    4.572                EUR    2.054
Telefonica Emisiones    1.864   7/13/2040    EUR   73.775
Unibail-Rodamco-West    2.000   5/29/2037    EUR   74.327
Slovakia Government     1.000  10/13/2051    EUR   56.795
Republic of Belarus     6.875   2/28/2023    USD   37.786
DWR Cymru Financing     1.375   3/31/2033    GBP   74.107
Aeroports de Paris      1.125   6/18/2034    EUR   73.688
Bayerische Landesban    1.850    3/5/2031    EUR   73.517
JSM Global Sarl         4.750  10/20/2030    USD   64.070
Republic of Poland G    1.750   4/25/2032    PLN   65.260
Mallinckrodt Interna   10.000   6/15/2029    USD   55.500
Prosus NV               3.061   7/13/2031    USD   73.999
NorteGas Energia Dis    0.905   1/22/2031    EUR   74.562
Gazprom PJSC Via Gaz    8.625   4/28/2034    USD   69.900
M2 Asset Management     6.246    2/4/2026    SEK   74.300
Metinvest BV            7.750  10/17/2029    USD   52.500
Volkswagen Internati    1.500   1/21/2041    EUR   65.600
Alno AG                 8.500   5/14/2018    EUR   13.662
Societe Nationale SN    1.000   1/19/2061    EUR   48.914
Espirito Santo Finan    9.750  12/19/2025    EUR    0.622
Suek Securities DAC     3.375   9/15/2026    USD   34.000
Petrobras Global Fin    4.750    4/2/2038    EUR   57.380
Kuntarahoitus Oyj       0.050   9/10/2035    EUR   71.422
EA Partners I BV        6.875   9/28/2020    USD    0.494
Anglo American Capit    3.950   9/10/2050    USD   74.726
Flagship Finance PLC    1.875   7/14/2061    GBP   54.553
Notting Hill Genesis    2.000    6/3/2036    GBP   69.946
EIG Pearl Holdings S    4.387  11/30/2046    USD   73.855
DLR Kredit A/S          1.000   10/1/2050    DKK   72.064
Air Liquide Finance     0.375   9/20/2033    EUR   74.925
Wendel SE               1.375   1/18/2034    EUR   70.037
Intesa Sanpaolo SpA     4.375   1/12/2048    USD   61.149
M Objekt Real Estate    6.000   7/22/2024    EUR   48.758
Stichting Afwikkelin    6.250  10/26/2020    EUR   45.341
Gazprom PJSC Via Gaz    5.150   2/11/2026    USD   73.040
Catalyst Housing Ltd    3.125  10/31/2047    GBP   72.773
Barclays Bank PLC      12.000   9/24/2025    TRY   57.993
Credit Suisse Group     5.100                USD   63.020
UkrLandFarming PLC     10.875   3/26/2018    USD    1.442
Hungary Government I    3.125   9/21/2051    USD   60.011
State of Schleswig-H    0.200   8/15/2039    EUR   66.260
Vnesheconombank Via     6.800  11/22/2025    USD    5.688
Development Bank of     6.750    5/2/2024    USD   23.440
Cyprus Government In    2.250   4/16/2050    EUR   71.690
Canton of Ticino        0.400   6/27/2044    CHF   74.893
Clarion Funding PLC     1.875   1/22/2035    GBP   71.247
London & Quadrant Ho    2.750   7/20/2057    GBP   63.942
Hampshire Trust Bank    7.250   5/10/2028    GBP   59.374
Russian Foreign Bond    5.625    4/4/2042    USD   56.908
Gazprom PJSC via Gaz    3.897                EUR   37.061
Celtic Resources Hol    4.125   10/9/2024    USD   13.417
Communaute Francaise    0.625   6/11/2035    EUR   74.636
Diebold Nixdorf Dutc    9.000   7/15/2025    EUR   68.359
Phosagro OAO Via Pho    2.600   9/16/2028    USD   63.000
Constellation Automo    4.875   7/15/2027    GBP   65.575
Ukraine Government B    9.840   2/15/2023    UAH   59.375
Espirito Santo Finan    6.875  10/21/2019    EUR    0.001
MHP SE                  7.750   5/10/2024    USD   52.677
Enagas Financiacione    0.375   11/5/2032    EUR   74.341
Landesbank Hessen-Th    0.500   1/19/2037    EUR   73.285
SNCF Reseau             0.750   5/25/2036    EUR   74.714
Kernel Holding SA       6.750  10/27/2027    USD   33.627
Fastighets AB Balder    1.293    3/3/2031    EUR   55.223
Electricite de Franc    1.875  10/13/2036    EUR   74.882
London & Quadrant Ho    3.125   2/28/2053    GBP   69.855
Saltaire Finance PLC    1.527  11/23/2051    GBP   58.232
MHP Lux SA              6.950    4/3/2026    USD   48.646
Nederlandse Watersch    0.500   4/26/2051    EUR   58.175
Land Berlin             0.100   1/18/2041    EUR   62.382
Aggregate Holdings S    5.500   5/17/2024    EUR   38.366
Russian Foreign Bond    5.875   9/16/2043    USD   56.944
Lithuania Government    1.625   6/19/2049    EUR   65.898
Nordea Kredit Realkr    0.500   10/1/2050    DKK   71.221
Deutsche Lichtmiete     5.750    1/1/2023    EUR    5.500
Ukraine Government B   15.970   4/19/2023    UAH   60.775
La Poste SA             1.000   9/17/2034    EUR   74.730
Russian Foreign Bond    4.875   9/16/2023    USD   71.094
Sberbank of Russia V    5.125  10/29/2022    USD    6.500
Intesa Sanpaolo SpA     2.625   3/11/2036    GBP   65.402
DSV Finance BV          0.875   9/17/2036    EUR   67.008
Evraz PLC               5.250    4/2/2024    USD   52.000
State of North Rhine    0.600    6/4/2041    EUR   68.977
Nykredit Realkredit     1.000   10/1/2053    DKK   64.500
Mitsubishi UFJ Inves    5.628  12/30/2099    EUR    5.142
Republic of Ireland     1.425   9/18/2119    EUR   64.842
LEG Immobilien SE       0.875   3/30/2033    EUR   65.759
United Kingdom Gilt     1.250   7/31/2051    GBP   61.708
Prologis Internation    3.000   2/22/2042    GBP   74.266
Societe Du Grand Par    1.000  11/26/2051    EUR   59.119
Deutsche Lichtmiete     5.750   12/1/2023    EUR    2.467
Erste Group Bank AG     0.500   1/12/2037    EUR   71.446
Trinseo Materials Op    5.125    4/1/2029    USD   63.475
Holcim Sterling Fina    2.250    4/4/2034    GBP   71.128
National Grid Gas PL    1.375    2/7/2031    GBP   74.986
Manchester Airport G    2.875   9/30/2044    GBP   67.508
Enexis Holding NV       0.375   4/14/2033    EUR   73.814
Annington Funding PL    2.308   10/6/2032    GBP   74.846
Shell International     3.125   11/7/2049    USD   73.278
Ukraine Government I    7.750    9/1/2024    USD   26.690
LEG Immobilien SE       1.625  11/28/2034    EUR   68.583
Southern Gas Network    1.250   12/2/2031    GBP   73.763
New World Resources     8.000    4/7/2020    EUR    0.103
Clarion Funding PLC     1.250  11/13/2032    GBP   71.726
Aster Treasury Plc      1.405   1/27/2036    GBP   67.773
FF Group Finance Lux    3.250   11/2/2021    CHF    5.368
Lehman Brothers UK C    3.875                EUR   13.474
UK Municipal Bonds A    1.625   8/26/2060    GBP   53.030
Wendel SE               1.000    6/1/2031    EUR   74.739
Muenchener Hypotheke    0.010  10/19/2039    EUR   62.336
Land Berlin             0.350    9/9/2050    EUR   56.129
Italgas SpA             0.500   2/16/2033    EUR   70.458
Cie de Financement F    0.010  10/29/2035    EUR   68.616
Paragon Treasury Plc    2.000    5/7/2036    GBP   71.677
Land Thueringen         0.125   1/13/2051    EUR   51.666
Accentro Real Estate    4.125   3/23/2026    EUR   50.001
Severn Trent Utiliti    0.010  12/16/2055    GBP   58.238
Avangardco Investmen   10.000  10/29/2018    USD    0.348
Vedanta Resources Fi    9.250   4/23/2026    USD   61.198
Free State of Bavari    0.010   1/18/2035    EUR   72.588
Lehman Brothers UK C    5.750                EUR    7.000
EYEMAXX Real Estate     5.500   9/24/2024    EUR    1.577
Pfandbriefbank schwe    0.125   8/17/2040    CHF   73.737
Jyske Realkredit A/S    0.500   10/1/2050    DKK   71.276
Polski Fundusz Rozwo    1.375   8/30/2027    PLN   74.909
Region Wallonne Belg    1.250   6/22/2071    EUR   57.451
Nederlandse Watersch    0.375   9/28/2046    EUR   60.798
Banco Espirito Santo    6.900   6/28/2024    EUR   20.654
Deutsche Bahn Financ    0.750   7/16/2035    EUR   74.011
Blend Funding PLC       2.467   6/16/2061    GBP   59.579
Wirtschafts- und Inf    0.101    9/8/2033    EUR   73.590
MHP Lux SA              6.250   9/19/2029    USD   47.961
European Financial S    0.050   1/18/2052    EUR   46.680
Russian Foreign Bond    5.100   3/28/2035    USD   40.087
Avianca Midco 2 PLC     9.000   12/1/2028    USD   73.486
Societe Nationale SN    0.875   2/28/2051    EUR   54.786
Ukraine Government I    6.876   5/21/2031    USD   21.753
Ukraine Government I    9.790   5/26/2027    UAH   55.201
Ukraine Government I    7.375   9/25/2034    USD   21.726
Russian Foreign Bond    4.250   6/23/2027    USD   44.236
Yandex NV               0.750   9/13/2022    USD   69.345
Ukraine Government I   15.840   2/26/2025    UAH   59.297
NA SA                   5.000                EUR   20.000
BAWAG PSK Bank fuer     0.375   3/25/2041    EUR   64.465
Agence France Locale    1.950   6/20/2030    AUD   74.853
Alfa Bank AO Via Alf    5.500  10/26/2031    USD    3.670
Barclays Bank PLC       5.000   11/1/2029    BRL   60.205
Latvia Government In    1.875   2/19/2049    EUR   71.403
PJSC Koks via IMH Ca    5.900   9/23/2025    USD    7.242
KTG Agrar SE            7.125    6/6/2017    EUR    2.007
Prosus NV               4.987   1/19/2052    USD   70.339
BPCE SFH SA             0.375   3/18/2041    EUR   64.114
Land Berlin             0.625   1/26/2052    EUR   60.513
Credit Suisse Group     4.875   5/15/2045    USD   71.730
Autonomous Community    2.965    9/8/2039    JPY   66.281
Privatbank CJSC Via    10.250   1/23/2018    USD    3.400
Bank of Valletta PLC    3.750   6/15/2031    EUR   73.688
BPCE SA                 3.582  10/19/2042    USD   65.834
Region Wallonne Belg    0.650   1/16/2051    EUR   54.021
Barclays Bank PLC       2.000    8/2/2030    USD   72.383
Ukraine Government B   12.520   5/13/2026    UAH   58.384
Bilt Paper BV          10.360                USD    1.399
Grand City Propertie    2.000  10/25/2032    EUR   71.272
RTE Reseau de Transp    1.125    9/9/2049    EUR   59.616
Caisse Francaise de     0.375   2/13/2040    EUR   65.610
Telenor ASA             0.875   2/14/2035    EUR   74.013
National Grid Gas PL    1.125   1/14/2033    GBP   67.605
National Grid Gas PL    1.625   1/14/2043    GBP   54.906
Nykredit Realkredit     0.500   10/1/2050    DKK   69.859
Hellas Telecommunica    6.054   1/15/2015    USD    0.014
Peach Property Finan    4.375  11/15/2025    EUR   70.750
Metinvest BV            8.500   4/23/2026    USD   44.000
TechnipFMC PLC          3.750   10/7/2033    EUR   69.883
Electricite de Franc    4.990  10/21/2056    USD   74.148
Ukraine Government I   10.000   8/23/2023    UAH   59.375
Ukraine Government I    9.750   11/1/2030    USD   24.784
Nobel Bidco BV          3.125   6/15/2028    EUR   68.141
Vedanta Resources Lt    6.125    8/9/2024    USD   61.798
Virgolino de Oliveir   11.750    2/9/2022    USD    0.499
NRW Bank                0.100    7/9/2035    EUR   71.488
DLR Kredit A/S          0.500   10/1/2050    DKK   71.714
Bourbon Corp           11.652                EUR    0.917
blueplanet Investmen    5.500   2/26/2026    EUR   31.401
State of Bremen         0.450   2/24/2051    EUR   57.756
Banca Popolare di Vi    9.500   9/29/2025    EUR    0.207
Yuksel Insaat AS        9.500  11/10/2015    USD    0.721
TenneT Holding BV       1.125    6/9/2041    EUR   67.237
Societe Du Grand Par    1.700   5/25/2050    EUR   74.209
ABN AMRO Bank NV        1.115    3/3/2042    EUR   74.734
Eversholt Funding PL    3.529    8/7/2042    GBP   74.949
Cooperatieve Raboban    0.500  10/29/2027    MXN   60.595
Credit Suisse AG/Lon    2.600   1/27/2032    USD   68.146
DZ Bank AG Deutsche     0.550   4/29/2024    EUR   72.527
Nordea Kredit Realkr    1.000   10/1/2053    DKK   64.419
Jyske Realkredit A/S    1.000   10/1/2053    DKK   70.142
Free and Hanseatic C    0.400  11/23/2051    EUR   56.554
HSBC Continental Eur    0.546                EUR   75.000
Agence Francaise de     0.375   5/25/2036    EUR   69.704
Republic of Belarus     6.378   2/24/2031    USD   23.000
Standard Chartered P    4.300                USD   64.655
Berner Kantonalbank     0.100   9/30/2039    CHF   70.895
Sigma Holdco BV         5.750   5/15/2026    EUR   71.175
Home Group Ltd          3.125   3/27/2043    GBP   74.877
Linde PLC               0.375   9/30/2033    EUR   74.405
Espirito Santo Finan    3.125   12/2/2018    EUR    0.610
Deutsche Lichtmiete     5.250    2/1/2027    EUR    3.000
London & Quadrant Ho    2.000  10/20/2038    GBP   65.584
St Galler Kantonalba    0.100  10/10/2041    CHF   70.811
Southern Housing Gro    2.375   10/8/2036    GBP   73.619
Nordea Kredit Realkr    1.500   10/1/2053    DKK   71.045
Region de Bruxelles-    1.121   5/11/2071    EUR   56.465
Salerno Pompei Napol    2.800   1/19/2045    EUR   72.829
Societe Du Grand Par    0.300    9/2/2036    EUR   68.668
Jyske Realkredit A/S    0.500   10/1/2053    DKK   69.260
DekaBank Deutsche Gi    3.625                EUR   65.406
State of Saxony-Anha    0.500   3/24/2051    EUR   59.523
Realkredit Danmark A    0.500   10/1/2050    DKK   71.126
Covivio                 0.875   1/20/2033    EUR   74.296
Ferrovie dello Stato    0.641   12/4/2030    EUR   73.754
Nykredit Realkredit     1.500   10/1/2053    DKK   70.977
Ministeries Van de V    1.000   1/23/2051    EUR   63.210
Solarworld AG           9.691   2/24/2019    EUR   14.883
Land Baden-Wuerttemb    0.125  11/19/2040    EUR   63.576
Muenchener Hypotheke    0.250   3/29/2041    CHF   73.690
Petrobras Global Fin    4.500    2/4/2033    EUR   70.044
Cirio Holding Luxemb    6.250   2/16/2004    EUR    1.822
Investitionsbank Ber    0.050    3/2/2035    EUR   72.087
Single Platform Inve    4.020    7/1/2052    EUR   72.809
Notting Hill Genesis    3.250  10/12/2048    GBP   73.565
Castle UK Finco PLC     7.000   5/15/2029    GBP   70.479
BNG Bank NV             0.125    7/9/2035    EUR   72.190
Realkredit Danmark A    0.500   10/1/2050    DKK   69.892
Gazprom PJSC via Gaz    2.950   1/27/2029    USD   53.000
Rallye SA               1.000   2/28/2032    EUR    7.743
Norwegian Air Shuttl    7.137    2/7/2023    SEK   40.467
Nordea Kredit Realkr    0.500   10/1/2050    DKK   70.002
Ile-de-France Mobili    0.950   5/28/2041    EUR   70.076
Canton of Geneva Swi    0.050   8/27/2041    CHF   72.101
Northern Electric Fi    2.750   5/24/2049    GBP   72.795
Yorkshire Water Fina    2.750   4/18/2041    GBP   74.433
State of North Rhine    0.500  11/25/2039    EUR   69.390
TenneT Holding BV       1.500    6/3/2039    EUR   74.947
Platform HG Financin    1.926   9/15/2041    GBP   65.981
University of Southa    2.250   4/11/2057    GBP   65.364
Very Group Funding P    6.500    8/1/2026    GBP   74.295
Basque Government       1.000  10/31/2050    EUR   56.058
City of Kyiv Via PBR    7.500  12/15/2022    USD   34.479
South Eastern Power     1.750   9/30/2034    GBP   73.136
Takarek Mortgage Ban    3.750   4/14/2026    HUF   75.000
Liquid Telecommunica    5.500    9/4/2026    USD   69.100
Land Thueringen         0.375   12/1/2051    EUR   55.717
Borets Finance DAC      6.000   9/17/2026    USD   34.153
Praktiker AG            5.875   2/10/2016    EUR    2.232
Phosagro OAO Via Pho    3.050   1/23/2025    USD   52.532
European Primary Pla    1.732   11/9/2055    GBP   56.918
Credit Suisse AG/Lon    3.220    2/8/2032    AUD   66.325
Free and Hanseatic C    0.250   2/18/2041    EUR   64.710
Alitalia-Societa Aer    5.250   7/30/2020    EUR    0.100
Nationale-Nederlande    0.050   9/24/2035    EUR   69.604
Romanian Government     4.000   2/14/2051    USD   65.325
Midland Heart Capita    1.831   8/12/2050    GBP   55.803
Credit Suisse AG        0.500  12/16/2025    BRL   65.890
Pfandbriefbank schwe    0.375   6/15/2046    CHF   72.808
Stonewater Funding P    1.625   9/10/2036    GBP   68.121
Sovcombank Via SovCo    7.750                USD    3.468
ESB Finance DAC         1.875   7/21/2035    GBP   73.652
DLR Kredit A/S          1.000   10/1/2053    DKK   70.935
Bayerische Landesban    1.820   3/12/2031    EUR   73.112
Nykredit Realkredit     0.500   10/1/2053    DKK   67.663
Dexia SA                3.484                EUR    3.554
Bayerische Landesban    1.820   5/12/2031    EUR   72.873
Privatbank CJSC Via    10.875   2/28/2018    USD    3.217
Banco Espirito Santo    4.752                EUR    0.301
Prosus NV               2.778   1/19/2034    EUR   68.933
EYEMAXX Real Estate     5.500   7/22/2025    EUR   16.000
City of Zurich Switz    0.250  11/24/2051    CHF   69.030
Wessex Water Service    1.250   1/12/2036    GBP   62.937
Evraz PLC               5.375   3/20/2023    USD   49.263
Free and Hanseatic C    0.200    9/3/2049    EUR   54.723
Canton of Neuchatel     0.100  10/29/2049    CHF   63.235
Ukraine Government I    7.750    9/1/2028    USD   24.188
Intesa Sanpaolo SpA     2.500  10/14/2031    USD   71.861
Metinvest BV            7.650   10/1/2027    USD   51.031
Societe Generale SA     2.000   2/26/2033    USD   70.611
NRW Bank                0.500   6/17/2041    EUR   67.898
MMC Norilsk Nickel O    6.625  10/14/2022    USD   53.098
VON Der Heydt Securi    1.000   4/30/2031    EUR   69.858
BNG Bank NV             1.550   2/19/2032    AUD   74.786
Uliving@essex3 LLP      2.720   8/31/2066    GBP   66.832
Lehman Brothers UK C    5.125                EUR   13.474
Onward Homes Ltd        2.125   3/25/2053    GBP   58.845
State of Lower Saxon    0.250   4/15/2036    EUR   72.294
National Grid Electr    1.625   10/7/2035    GBP   67.541
Deutsche Telekom AG     3.625   1/21/2050    USD   69.762
Romanian Government     3.875  10/29/2035    EUR   74.751
Haya Holdco 2 PLC       9.542  11/30/2025    EUR   57.640
Action Logement Serv    0.750   7/19/2041    EUR   66.043
Martlet Homes Ltd       3.000    5/9/2052    GBP   72.590
Signa Development Fi    5.500   7/23/2026    EUR   54.750
Iberdrola Finanzas S    1.000    2/2/2037    EUR   68.572
Russian Foreign Bond   12.750   6/24/2028    USD   72.435
State of North Rhine    0.750   8/16/2041    EUR   70.719
SRV Group Oyj           4.875                EUR   56.000
Eurochem Finance DAC    5.500   3/13/2024    USD   48.500
Ukreximbank Via Biz    10.426    2/9/2023    USD   30.735
JAB Holdings BV         3.750   5/28/2051    USD   57.078
Windreich GmbH          6.500   7/15/2016    EUR    2.847
KBC Group NV            3.125   7/24/2029    EUR   20.000
Santhera Pharmaceuti    7.500   8/17/2024    CHF   71.388
Finmek International    7.000   12/3/2004    EUR    2.193
Romanian Government     2.875   4/13/2042    EUR   58.367
FNG Benelux Holding     5.000   8/28/2023    EUR    1.000
Muenchener Hypotheke    0.010   11/2/2040    EUR   60.843
VST Building Technol    7.000   6/28/2024    EUR    0.230
State of Saarland       0.050   11/5/2040    EUR   62.524
ESFIL-Espirito Santo    5.250   6/12/2015    EUR    0.111
Ukraine Government I    4.375   1/27/2032    EUR   19.622
State of Bremen         0.150   9/14/2040    EUR   63.469
Privatbank CJSC Via    11.000    2/9/2021    USD    1.000
Caisse Francaise de     0.500   10/1/2046    EUR   60.949
SCF Capital Designat    5.375   6/16/2023    USD   20.000
Bayerische Landesbod    0.250   3/21/2036    EUR   72.650
Achmea Bank NV          0.250   9/29/2036    EUR   70.292
Russian Foreign Bond    5.250   6/23/2047    USD   41.480
EDOB Abwicklungs AG     7.500    4/1/2012    EUR    0.521
EOS Imaging SA          6.000   5/31/2023    EUR    7.250
Air Berlin PLC          5.625    5/9/2019    CHF    0.508
Elli Finance UK PLC     8.750   6/15/2019    GBP   62.279
Cie de Financement F    0.600  10/25/2041    EUR   67.088
Action Logement Serv    0.500  10/30/2034    EUR   74.526
Mallinckrodt Interna    4.750   4/15/2023    USD   38.500
Kommunekredit           0.125   9/26/2040    EUR   63.469
State of North Rhine    1.000  10/16/2046    EUR   71.371
Cadent Finance PLC      2.250  10/10/2035    GBP   72.030
Scottish Hydro Elect    2.125   3/24/2036    GBP   71.714
Ministeries Van de V    0.875   3/21/2046    EUR   64.599
Deutsche Lichtmiete     5.250    9/1/2025    EUR    3.250
JAB Holdings BV         4.500    4/8/2052    USD   68.383
Gazprom PJSC Via Gaz    3.125  11/17/2023    EUR   70.933
Niedersachsen Invest    0.250   7/16/2035    EUR   73.223
Lehman Brothers UK C    6.900                USD    3.986
Tinkoff Bank JSC Via    6.000                USD   37.186
Rallye SA               3.400   2/28/2032    EUR    8.008
Romania Government B    3.650   9/24/2031    RON   73.902
Fuerstenberg Capital    3.905                EUR   64.860
Region de Bruxelles-    1.220   6/23/2053    EUR   66.287
Deutsche Bahn Financ    3.100   5/20/2041    AUD   70.801
Republic of Belarus     7.625   6/29/2027    USD   22.400
Veneto Banca SpA        9.878   12/1/2025    EUR    0.541
Quintet Private Bank    3.650  11/13/2023    EUR   15.050
LiveWest Treasury PL    2.250  10/10/2043    GBP   67.529
Ukraine Government I   12.520   5/13/2026    UAH   58.384
Aroundtown SA           3.250  11/12/2032    EUR   71.126
Zurich Finance Irela    1.600  12/17/2052    EUR   71.214
BAWAG PSK Bank fuer     0.010  11/19/2035    EUR   67.842
nextbike GmbH           6.000   3/31/2025    EUR   65.000
Kommunekredit           0.500   6/19/2039    DKK   69.166
Senivita Social Esta    6.500   5/12/2025    EUR    5.110
Lukoil Securities BV    3.875    5/6/2030    USD   70.500
Serbia International    2.125   12/1/2030    USD   73.872
Cirio Del Monte NV      7.750   3/14/2005    EUR    0.368
Bank Julius Baer & C   13.250    1/5/2023    USD   46.500
Bayerische Landesban    1.550   2/13/2040    EUR   52.176
State of North Rhine    0.375    9/2/2050    EUR   56.081
Cooperatieve Raboban    0.500   1/31/2033    MXN   35.608
Nationale-Nederlande    0.050  11/12/2040    EUR   61.102
Transports Publics D    0.450  12/29/2056    CHF   61.199
BPCE SA                 3.648   1/14/2037    USD   74.087
Swissgrid AG            0.050   6/30/2050    CHF   55.815
Havila Shipping ASA     6.660    1/2/2025    NOK   31.101
Castellum AB            2.840    6/5/2029    SEK   73.932
de Volksbank NV         0.125  11/19/2040    EUR   61.704
Iceland Bondco PLC      4.375   5/15/2028    GBP   69.833
Novafives SAS           5.000   6/15/2025    EUR   73.708
Nordea Kredit Realkr    0.500   10/1/2053    DKK   69.330
Romanian Government     2.000   1/28/2032    EUR   69.405
City of Lugano Switz    0.150  11/28/2070    CHF   53.515
Ile-de-France Mobili    0.675  11/24/2036    EUR   72.833
State of Bremen         0.400   8/20/2049    EUR   57.656
Metropolitan Housing    1.875   7/28/2036    GBP   68.798
Ukraine Government I    9.990   5/22/2024    UAH   51.591
Gazprom PJSC via Gaz    1.850  11/17/2028    EUR   62.472
Realkredit Danmark A    0.500   10/1/2053    DKK   69.246
Region Wallonne Belg    1.050   6/22/2040    EUR   71.536
Credit Suisse AG/Lon    2.300   9/24/2031    USD   67.168
Kairos Global Soluti    1.900    7/3/2035    USD   70.284
Russian Foreign Bond    7.500   3/31/2030    USD   64.385
CBo Territoria          3.750    7/1/2024    EUR    4.230
WD Invest Sarl          1.900   10/2/2024    EUR   11.833
State Agency of Road    6.250   6/24/2030    USD   18.167
Cirio Finance Luxemb    7.500   11/3/2002    EUR    3.199
Bellis Finco PLC        4.000   2/16/2027    GBP   70.313
Nova Kreditna Banka     1.625   5/25/2027    EUR   73.170
Prosus NV               2.031    8/3/2032    EUR   68.353
BNG Bank NV             0.250  11/22/2036    EUR   70.564
Maxeda DIY Holding B    5.875   10/1/2026    EUR   66.792
Dtek Renewables Fina    8.500  11/12/2024    EUR   29.978
Raiffeisen-Landesban    0.500   5/27/2041    EUR   65.599
Autonomous Region of    1.095   9/27/2036    EUR   72.285
Lloyds Bank PLC         2.637   1/16/2040    AUD   64.489
New World Resources     4.000   10/7/2020    EUR    0.312
Offshore Drilling Ho    8.375   9/20/2020    USD    3.876
Societe Du Grand Par    0.875   5/10/2046    EUR   62.755
LiveWest Treasury PL    1.875   2/18/2056    GBP   55.227
Schoeller Packaging     6.375   11/1/2024    EUR   73.000
Andrade Gutierrez In    9.500  12/30/2024    USD   54.543
ALROSA Finance SA       4.650    4/9/2024    USD   11.281
Jyske Realkredit A/S    0.500   10/1/2053    DKK   67.711
Jyske Realkredit A/S    0.500   10/1/2050    DKK   69.928
BPCE SFH SA             0.010   1/29/2036    EUR   67.800
ABN AMRO Bank NV        0.375   1/14/2035    EUR   74.573
Grand City Propertie    2.081    8/8/2034    EUR   69.464
Norske Skogindustrie    2.000  12/30/2115    EUR    0.113
United Kingdom Gilt     1.500   7/22/2047    GBP   68.161
Luzerner Kantonalban    0.160  12/23/2043    CHF   70.617
Kommunekredit           0.010    5/4/2034    EUR   73.267
City of Lausanne Swi    0.600    7/6/2050    CHF   70.416
Sidetur Finance BV     10.000   4/20/2016    USD    0.770
Ukraine Government I   12.520   5/13/2026    UAH   58.384
Manchester Airport G    2.875   3/31/2039    GBP   72.805
Standard Profil Auto    6.250   4/30/2026    EUR   60.071
Interpipe Holdings P    8.375   5/13/2026    USD   38.395
Ukraine Government I   11.670  11/22/2023    UAH   59.375
Ukraine Government I    6.750   6/20/2028    EUR   19.322
Credit Suisse Group     4.875   5/15/2045    USD   71.705
Romanian Government     3.375   1/28/2050    EUR   60.204
Land Berlin             0.125  11/24/2045    EUR   56.812
Zorlu Yenilenebilir     9.000    6/1/2026    USD   74.926
Del Monte Finance Lu    6.625   5/24/2006    EUR    1.402
Metinvest BV            5.625   6/17/2025    EUR   51.864
Siemens Financiering    2.875   3/11/2041    USD   74.494
OGX Austria GmbH        8.500    6/1/2018    USD    0.002
Romanian Government     1.750   7/13/2030    EUR   72.257
Credit Suisse AG/Lon   13.300  11/29/2023    USD   51.550
Abengoa Abenewco 1 S    6.000   6/10/2022    EUR    0.352
Vilogia SA d'HLM        1.500    8/7/2034    EUR   71.369
Paradigm Homes Chari    2.250   5/20/2051    GBP   62.798
Wrekin Housing Group    2.500  10/22/2048    GBP   65.103
DLR Kredit A/S          0.500   10/1/2053    DKK   69.859
LSF9 Balta Issuer SA    3.000  12/31/2030    EUR   61.370
Wingholding Zrt         3.500   5/20/2030    HUF   73.770
KTG Agrar SE            7.250  10/15/2019    EUR    2.007
Andrade Gutierrez In   11.000   8/20/2021    USD   51.735
Credit Suisse AG/Lon   11.500   9/25/2023    CHF   66.370
Land Thueringen         0.100    7/9/2035    EUR   71.892
Endo Luxembourg Fina    6.125    4/1/2029    USD   74.388
Ville de Paris          0.450  10/20/2045    EUR   58.172
CRC Breeze Finance S    6.110    5/8/2026    EUR   31.300
Standard Chartered B    3.000   4/30/2036    AUD   67.548
Care Property Invest    2.050    7/8/2031    EUR   74.735
Deutsche Telekom AG     4.125   7/23/2049    USD   71.425
La Banque Postale Ho    0.250   2/12/2035    EUR   72.651
Realkredit Danmark A    1.500   10/1/2053    DKK   70.881
Veragold Mining Co G    5.000  12/31/2025    EUR   30.000
Vnesheconombank Via     5.942  11/21/2023    USD    4.574
Department of L'Eure    0.515   5/25/2040    EUR   64.919
Hospices Civils de L    0.597  11/24/2031    EUR   73.709
Hell Energy Magyaror    2.700  12/18/2029    HUF   59.100
BPCE SA                 3.582  10/19/2042    USD   65.337
Cooperatieve Raboban    0.010  11/27/2040    EUR   60.365
Italy Buoni Polienna    2.150    9/1/2052    EUR   71.005
Boparan Finance PLC     7.625  11/30/2025    GBP   66.784
Magyar Export-Import    2.000  10/27/2027    HUF   65.655
DLR Kredit A/S          0.500   10/1/2050    DKK   70.865
Virgolino de Oliveir   10.500   1/28/2018    USD    0.499
Russian Foreign Bond    4.375   3/21/2029    USD   41.196
Hellas Telecommunica    8.500  10/15/2013    EUR    0.834
Bayerische Landesban    1.500   7/14/2036    EUR   69.934
Norske Skogindustrie    7.000  12/30/2026    EUR    0.010
Cyprus Government In    1.250   1/21/2040    EUR   66.324
Master & Fellows of     3.068   4/28/2065    GBP   66.921
Herens Midco Sarl       5.250   5/15/2029    EUR   68.333
State of Rhineland-P    0.375    4/1/2041    EUR   66.700
Bayerische Landesban    1.860   3/13/2036    EUR   74.582
State of Brandenburg    0.125   1/26/2046    EUR   57.133
Nykredit Realkredit     1.000   10/1/2050    DKK   71.282
Ukraine Government I    7.750    9/1/2024    USD   27.502
Autobahnen- und Schn    0.100   7/16/2035    EUR   72.396
Region de Bruxelles-    1.400   3/11/2054    EUR   66.103
State of Bremen         0.550    2/4/2050    EUR   60.010
Anglo American Capit    3.950   9/10/2050    USD   74.394
Agence Francaise de     2.302  10/25/2044    USD   65.826
Kommunekredit           0.625  11/21/2039    EUR   71.680
Aragvi Finance Inter    8.450   4/29/2026    USD   70.630
Compact Bidco BV        5.750    5/1/2026    EUR   69.667
Gemeente Bergen OP Z    0.440   9/20/2044    EUR   63.281
LIB-Landesimmobilien    0.620   7/15/2041    EUR   68.353
Wirtschafts- und Inf    0.245   2/25/2036    EUR   70.175
Serbia International    1.650    3/3/2033    EUR   64.875
State of Brandenburg    0.600  10/13/2051    EUR   60.843
State of Brandenburg    0.500  11/21/2039    EUR   69.824
Aktia Bank Oyj          0.800   2/26/2036    EUR   71.693
Realkredit Danmark A    0.500   10/1/2053    DKK   67.677
Caisse Francaise de     0.125   2/15/2036    EUR   69.204
Muenchener Hypotheke    0.400   8/11/2031    EUR   74.459
Region Wallonne Belg    1.246   5/12/2070    EUR   56.726
Sovcombank Via SovCo    3.400   1/26/2025    USD    4.879
State of Brandenburg    0.050   8/10/2040    EUR   62.684
Sovcombank Via SovCo    8.000    4/7/2030    USD    3.506
Avianca Midco 2 PLC     9.000   12/1/2028    USD   73.486
Ukraine Government B    3.700   4/27/2023    USD   70.696
Phosagro OAO Via Pho    3.949   4/24/2023    USD   61.988
V-Bank AG               4.000                EUR   70.866
Anadolu Efes Biracil    3.375   6/29/2028    USD   72.432
Caisse de Refinancem    0.250    2/7/2035    EUR   72.923
Land Thueringen         0.200   9/12/2039    EUR   65.920
Agence Francaise de     2.360   1/30/2045    AUD   61.739
Prosus NV               1.288   7/13/2029    EUR   73.453
ISP Group AG            5.250                CHF   73.219
Region Wallonne Belg    0.500   6/22/2037    EUR   69.485
Nationale-Nederlande    0.375    3/4/2041    EUR   64.741
Hema Bondco II BV       8.500   1/15/2023    EUR    1.194
Hamon & CIE SA          3.300   1/31/2035    EUR   46.000
Cooperatieve Raboban    0.500  10/30/2043    MXN   11.327
Credit Suisse AG/Lon    1.250   2/22/2029    USD   72.869
Ukraine Government I    7.375   9/25/2034    USD   21.357
LBI ehf                 6.100   8/25/2011    USD   10.666
MVM Energetika Zrt      3.250    9/3/2031    HUF   59.000
Eastern Power Networ    1.875    6/1/2035    GBP   73.047
Banco Santander SA      3.236                EUR    1.547
Rhaetische Bahn AG R    0.050    8/3/2050    CHF   62.418
Havenbedrijf Rotterd    1.100   3/23/2051    EUR   66.056
State of North Rhine    0.800   7/30/2049    EUR   64.896
VF Ukraine PAT via V    6.200   2/11/2025    USD   53.624
Joh Friedrich Behren    7.750  11/11/2020    EUR   31.000
Cirio Finanziaria Sp    8.000  12/21/2005    EUR    0.415
Credit Agricole Corp   15.000   6/18/2026    TRY   65.214
Free State of Saxony    0.010  12/17/2035    EUR   70.308
Nordea Kredit Realkr    0.500   10/1/2053    DKK   67.712
BNP Paribas SA          1.590   2/23/2051    EUR   63.573
Banco Santander SA      1.000   10/1/2033    EUR   71.323
Caisse des Depots et    2.615  11/15/2049    AUD   63.308
State of Bremen         0.500    5/6/2041    EUR   67.437
Societe Generale SA     1.137   1/26/2037    EUR   70.432
Bayerische Landesban    0.630   3/19/2032    EUR   72.929
Norwegian Air Shuttl    7.500  11/10/2023    USD   74.304
Kingdom of Belgium G    1.400   6/22/2053    EUR   72.581
Magyar Export-Import    2.500   5/23/2029    HUF   63.445
Mallinckrodt Interna   10.000   4/15/2025    USD   65.843
Takarek Mortgage Ban    3.500  10/27/2027    HUF   66.800
Ukreximbank Via Biz     9.750   1/22/2025    USD   33.243
AlphaNotes ETP Dac      1.000   9/15/2032    USD   65.263
City of Bern Switzer    0.040   10/2/2070    CHF   54.322
Windreich GmbH          6.500    3/1/2015    EUR    2.846
Jyske Realkredit A/S    1.500   10/1/2053    DKK   71.002
BNP Paribas SA          1.019   5/25/2028    EUR   40.010
Windreich GmbH          6.750    3/1/2015    EUR    2.847
Romania Government B    4.750  10/11/2034    RON   73.768
Romanian Government     2.625   12/2/2040    EUR   57.675
Nederlandse Gasunie     0.750  10/13/2036    EUR   68.840
Zurcher Kantonalbank   24.800   4/12/2023    USD   40.000
Societe Generale SA     2.000   1/30/2036    USD   56.368
City of Lausanne Swi    0.600  11/30/2056    CHF   67.624
Intesa Sanpaolo SpA     4.700   9/23/2049    USD   71.092
Deutsche Telekom AG     3.500   4/15/2041    AUD   69.540
Norwegian Air Shuttl    6.375  11/15/2024    USD   47.629
Nostrum Oil & Gas Fi    8.000   7/25/2022    USD   26.269
Ukraine Government I    7.750    9/1/2029    USD   24.269
Credit Suisse AG/Lon    3.200   3/24/2032    USD   70.749
Intesa Sanpaolo SpA     2.000   6/15/2028    USD   73.960
Agrokor dd              9.875    5/1/2019    EUR   15.000
Societe Nationale SN    1.280   3/27/2120    EUR   42.208
DNB Bank ASA            1.185   1/14/2038    EUR   69.290
Junta de Castilla y     1.275    4/7/2049    EUR   62.544
Aroundtown SA           2.970   9/26/2033    EUR   67.462
Holcim US Finance Lu    2.240  10/15/2031    USD   73.953
Pro-Gest SpA            3.250  12/15/2024    EUR   62.708
Credit Suisse AG/Lon    1.500   3/19/2029    USD   69.545
Ville de Paris          0.750  11/30/2041    EUR   67.288
Serbia International    2.050   9/23/2036    EUR   60.093
Sovcombank Via SovCo    7.600                USD    4.609
Credit Agricole Ital    0.750   1/20/2042    EUR   64.053
Abengoa Abenewco 1 S    6.000   6/10/2022    EUR    0.352
Deutsche Bank AG        1.580  10/23/2031    EUR   72.426
Landwirtschaftliche     0.010  11/26/2040    EUR   62.251
Thames Water Utiliti    2.442   5/12/2050    GBP   56.909
Raiffeisenlandesbank    0.375   1/15/2035    EUR   73.266
CDC Habitat SEM         1.700   3/21/2039    EUR   72.052
Region of Pays de la    0.877  10/28/2041    EUR   70.359
Spain Government Bon    1.900  10/31/2052    EUR   73.273
Deutsche Wohnen SE      2.000   3/28/2034    EUR   73.681
United Group BV         5.250    2/1/2030    EUR   74.525
Europejskie Centrum    13.200   4/14/2023    PLN   49.489
Deutsche Pfandbriefb    1.020   7/29/2030    EUR   70.549
Serbia International    1.500   6/26/2029    EUR   74.938
Credit Bank of Mosco    8.875                USD   10.945
Nestle Hungaria Kft     1.750   5/31/2028    HUF   59.000
ING Groep NV            0.975   2/14/2034    EUR   67.209
Swissgrid AG            0.200   6/29/2040    CHF   69.659
Parnassia Groep BV      1.200   12/1/2051    EUR   69.229
Uralkali OJSC Via Ur    4.000  10/22/2024    USD   19.327
Credit Agricole Ital    1.000   1/17/2045    EUR   65.070
BPCE SA                 2.255   3/12/2040    AUD   48.055
Ahtium PLC              4.000  12/16/2015    EUR    0.586
Land Berlin             0.050    8/6/2040    EUR   62.264
Single Platform Inve    4.020    7/1/2052    EUR   72.809
SNCF Reseau             1.425   8/14/2119    EUR   45.890
Altice France Holdin    4.000   2/15/2028    EUR   68.438
Malta Government Bon    1.800   8/28/2051    EUR   65.340
ABN AMRO Bank NV        0.500  12/12/2039    EUR   68.175
VTB Bank OJSC Via VT    6.250   6/30/2035    USD   21.403
German Pellets GmbH     7.250  11/27/2019    EUR    1.515
Novolipetsk Steel Vi    4.700   5/30/2026    USD   59.443
Single Platform Inve    1.220   8/24/2047    EUR   61.667
Region de Bruxelles-    0.562  12/23/2065    EUR   42.690
Banca Popolare di Vi    2.821  12/20/2017    EUR    0.396
Region of Veneto Ita    0.112   12/7/2046    EUR   73.217
Rena GmbH               7.000  12/15/2015    EUR    0.059
Waste Italia SpA       10.500  11/15/2019    EUR    0.550
LSEGA Financing PLC     3.200    4/6/2041    USD   74.794
Credit Suisse AG/Lon   20.100    3/3/2023    USD   13.000
United Utilities Wat    1.474   8/24/2031    USD   70.502
Takko Luxembourg 2 S    7.137  11/15/2023    EUR   73.500
Akbank TAS              4.000   9/17/2029    EUR   74.200
Muenchener Hypotheke    0.125    9/5/2035    EUR   71.211
Region de Bruxelles-    0.274  12/11/2040    EUR   61.586
Novafives SAS           5.500   6/15/2025    EUR   73.455
Ukraine Government I   10.000   8/23/2023    UAH   59.375
Polski Fundusz Rozwo    2.000    3/5/2030    PLN   68.767
Espirito Santo Finan    5.050  11/15/2025    EUR    0.622
Muenchener Hypotheke    0.250    5/2/2036    EUR   71.094
niiio finance group     4.000   5/31/2026    EUR   41.000
AXA Bank Europe SCF     0.250    6/9/2040    EUR   63.927
Credit Bank of Mosco    3.875   9/21/2026    USD   20.746
Republic of Ireland     0.740  11/27/2120    EUR   38.107
Canton of Neuchatel     0.350   7/14/2050    CHF   67.729
Caisse Francaise de     0.726  10/29/2039    EUR   67.437
Transcapitalbank JSC   10.000                USD   65.000
BOA Offshore AS         0.409   7/17/2047    NOK   15.267
Credit Suisse AG/Lon    2.000   5/17/2029    USD   73.912
Caisse des Depots et    1.270   10/1/2051    EUR   73.214
Golfino AG              8.000  11/18/2023    EUR    0.010
Land Berlin             0.125    6/4/2035    EUR   72.422
Foodco Bondco SA        6.250   5/15/2026    EUR   65.398
Caisse des Depots et    2.345   1/29/2050    AUD   59.345
Republic of Ireland     1.320  11/28/2119    EUR   46.996
Wingholding Zrt         3.000   9/22/2031    HUF   66.250
Landesbank Baden-Wue    0.905    4/1/2041    EUR   57.579
EVN AG                  0.850  10/15/2035    EUR   70.069
Alpine Holding GmbH     5.250    7/1/2015    EUR    3.159
Portugal Telecom Int    6.250   7/26/2016    EUR    0.285
Russian Foreign Bond    4.750   5/27/2026    USD   44.992
Agrokor dd              8.875    2/1/2020    USD   15.000
Deutsche Bahn Financ    3.350   1/20/2042    AUD   70.951
OTP Munkavallalok I     4.500   7/14/2031    HUF   71.760
Turkey Government In    5.750   5/11/2047    USD   67.033
Deutsche Bank AG        1.500   2/26/2028    USD   72.530
MMC Norilsk Nickel O    3.375  10/28/2024    USD   64.422
Irish Bank Resolutio    0.566   6/21/2016    EUR    0.679
Ukraine Government I   15.840   2/26/2025    UAH   59.297
Serbia International    1.000   9/23/2028    EUR   74.847
DZ Bank AG Deutsche     1.070   10/6/2042    EUR   73.886
Ministeries Van de V    1.564  11/12/2046    EUR   73.641
Anglian Water Servic    1.760  11/13/2035    GBP   70.257
Heimstaden Bostad AB    2.800    5/4/2035    EUR   66.298
LSF9 Balta Issuer SA    3.000  12/31/2030    EUR   61.370
Spain Government Bon    1.200  10/31/2040    EUR   72.150
Ceske Drahy AS          3.000    6/4/2035    EUR   72.600
Mobile Telesystems O    5.000   5/30/2023    USD   27.649
Barclays Bank PLC       0.500   1/28/2033    MXN   30.350
Norske Skog Holding     8.000   2/24/2021    EUR    0.006
La Veggia Finance SA    7.125  11/14/2004    EUR    0.287
State of Brandenburg    0.300   10/4/2049    EUR   56.022
Ile-de-France Mobili    0.200  11/16/2035    EUR   69.901
Aegon Bank NV           0.375    6/9/2036    EUR   71.732
Standard Chartered B    0.520   1/22/2041    JPY   61.719
City of Lausanne Swi    0.540   11/6/2062    CHF   61.975
Raiffeisen Landesban    0.250    3/4/2036    EUR   70.693
Cooperatieve Raboban    0.500  12/29/2027    MXN   59.574
Free State of Bavari    0.010   3/28/2036    EUR   69.460
Land Berlin             0.150   2/22/2036    EUR   71.267
Jyske Realkredit A/S    1.000   10/1/2053    DKK   64.375
Sibur Securities DAC    2.950    7/8/2025    USD   42.843
Evan Group PLC          6.000   7/31/2022    EUR   17.011
State of Lower Austr    1.000   9/15/2121    EUR   39.732
MMC Norilsk Nickel O    2.550   9/11/2025    USD   53.312
HSE Finance Sarl        5.625  10/15/2026    EUR   55.940
DZ Bank AG Deutsche     1.055   3/11/2031    EUR   71.338
Erste Group Bank AG     1.230   5/29/2033    EUR   73.628
Windreich GmbH          6.250    3/1/2015    EUR    2.847
Celtic Resources Hol    4.125   10/9/2024    USD   13.417
Housing & Care 21       3.288   11/8/2049    GBP   74.853
City of Lausanne Swi    0.680   3/11/2058    CHF   68.017
Malta Government Bon    1.400   8/20/2046    EUR   67.324
Polski Fundusz Rozwo    1.375   9/30/2027    PLN   74.549
Deutsche Pfandbriefb    0.312   4/16/2029    EUR   71.936
State of Rhineland-P    0.375   3/10/2051    EUR   56.652
Futureal Development    4.000   3/23/2031    HUF   58.000
French Republic Gove    0.750   5/25/2053    EUR   61.172
Maison Finco PLC        6.000  10/31/2027    GBP   72.705
Richter Gedeon Nyrt     1.750    6/4/2031    HUF   60.000
Italy Buoni Polienna    0.950    3/1/2037    EUR   68.961
Credit Suisse AG/Lon    9.000   4/22/2024    USD   23.625
Muenchener Hypotheke    0.250  10/31/2044    CHF   69.913
Carmila SA              1.890   11/6/2031    EUR   65.622
Kreditanstalt fuer W    1.000  10/19/2050    EUR   66.264
Nomura Bank Internat    1.130   4/23/2036    EUR   66.619
Ville de Paris          0.650  11/25/2070    EUR   42.462
German Pellets GmbH     7.250    4/1/2016    EUR    1.515
Phosphorus Holdco PL   10.000    4/1/2019    GBP    1.386
Landesbank Baden-Wue    7.070   1/27/2023    EUR   35.860
Credit Suisse AG/Lon    5.800   7/26/2023    USD    9.250
Wellis Magyarorszag     3.000   2/26/2031    HUF   66.722
Russian Foreign Bond    2.875   12/4/2025    EUR   42.746
Stelius Befektetoe Z    3.100   9/17/2030    HUF   66.500
Bromford Housing Gro    2.554   3/17/2054    GBP   63.952
Malta Government Bon    2.000   7/10/2051    EUR   69.330
Severstal OAO Via St    3.150   9/16/2024    USD    5.560
Autostrade per l'Ita    3.240   6/10/2034    EUR   74.666
Single Platform Inve    4.020    7/1/2052    EUR   72.809
Getin Noble Bank SA    12.800   11/9/2023    PLN   33.865
Landesbank Baden-Wue    1.100    5/7/2040    EUR   65.764
MMK International Ca    4.375   6/13/2024    USD   29.904
Nykredit Realkredit     1.000   10/1/2050    DKK   74.314
Cooperatieve Raboban    0.500  11/30/2027    MXN   60.593
Cooperatieve Raboban    0.500   8/21/2028    MXN   55.647
Governo Portugues Co    2.750                EUR   74.510
HSBC Holdings PLC       0.950   12/9/2032    EUR   71.462
State of Lower Saxon    0.050    3/9/2035    EUR   72.283
Societa di Progetto     3.375  12/31/2038    EUR   72.097
NRW Bank                1.150   9/16/2051    EUR   70.853
TechnipFMC PLC          4.000   6/14/2032    EUR   73.795
Kuntarahoitus Oyj       0.940    6/9/2064    EUR   74.227
Autonomous Community    1.850   5/13/2061    EUR   62.868
MFB Magyar Fejleszte    4.200   4/20/2033    HUF   69.043
ABN AMRO Bank NV        1.070    3/3/2041    EUR   74.329
Communaute Francaise    0.626   8/24/2040    EUR   66.238
Hemso Fastighets AB     3.020   9/14/2048    SEK   70.904
Frigoglass Finance B    6.875   2/12/2025    EUR   37.564
Kreditanstalt fuer W    1.100   9/16/2051    EUR   67.987
Assa Abloy AB           0.650   8/28/2034    EUR   73.263
Landesbank Baden-Wue    0.327    5/7/2038    EUR   66.431
Vnesheconombank Via     6.025    7/5/2022    USD    5.125
Moby SpA                7.750   2/15/2023    EUR   65.867
Single Platform Inve    1.165    6/6/2046    EUR   62.624
Kleopatra Holdings 2    6.500    9/1/2026    EUR   64.370
Autonomous Community    1.655  10/31/2050    EUR   68.017
Republic of Ireland     0.835    7/8/2080    EUR   53.674
GTC Magyarorszag Zrt    2.600   3/17/2031    HUF   67.850
Free and Hanseatic C    0.300   9/16/2050    EUR   56.151
Kreditanstalt fuer W    1.000  10/20/2050    EUR   68.949
Vasakronan AB           1.655    9/5/2039    SEK   63.169
Joh Friedrich Behren    6.250   6/18/2024    EUR   30.261
Societe Generale SA     3.920   12/9/2036    AUD   70.870
OTP Munkavallalok Ii    4.500   7/14/2031    HUF   71.760
Russian Federal Bond    0.250   7/20/2044    RUB   13.000
Vasakronan AB           1.130   5/27/2042    JPY   71.583
Ukraine Government I   15.970   4/19/2023    UAH   60.775
Caisse des Depots et    0.945   5/19/2051    EUR   67.076
State of Lower Austr    0.815   9/22/2056    EUR   55.144
Single Platform Inve    0.780   2/15/2040    EUR   62.531
Novolipetsk Steel Vi    1.450    6/2/2026    EUR   59.634
Credit Bank of Mosco    7.500   10/5/2027    USD   18.000
Caisse des Depots et    1.460   1/24/2052    EUR   73.280
BASF SE                 1.025   8/13/2048    JPY   69.751
Credit Bank of Mosco    5.550   2/14/2023    USD   21.202
Romanian Government     2.000   4/14/2033    EUR   67.048
Bayerische Landesban    1.637    3/8/2035    EUR   73.819
Deutsche Telekom AG     3.500    9/6/2039    AUD   70.796
Credit Suisse AG/Lon    1.400   11/4/2025    CHF   30.390
Veneto Banca SpA        6.411                EUR    0.345
Kommunekredit           0.500   7/30/2027    TRY   25.179
Rosbank PJSC            0.040   4/30/2024    RUB   60.050
HSBC Bank PLC           0.500  11/25/2025    BRL   67.044
Societe Generale SA    10.000   6/28/2034    USD   60.847
DZ Bank AG Deutsche     1.000    2/8/2035    EUR   71.933
Landesbank Hessen-Th    0.750  11/17/2036    EUR   65.700
Raiffeisenlandesbank    1.500  10/21/2039    EUR   67.459
Stichting Afwikkelin    6.625   5/14/2018    EUR   45.375
Landesbank Baden-Wue    0.821   8/24/2032    EUR   73.202
Ahtium PLC              9.750    4/4/2017    EUR    0.726
Stichting Afwikkelin    4.252                EUR   45.000
Sairgroup Finance BV    4.375    6/8/2006    EUR    1.964
NIBC Bank NV            0.460   7/19/2029    EUR   73.967
Norddeutsche Landesb    0.750   1/15/2032    EUR   73.695
Societe Nationale SN    2.457  12/23/2050    USD   63.340
German Pellets GmbH     7.250    7/9/2018    EUR    1.515
Erste Group Bank AG     1.010   10/7/2041    EUR   62.560
DZ Bank AG Deutsche     2.000  12/29/2031    EUR   71.700
Sonnedix Energy Tau     2.200  12/31/2038    EUR    8.000
Landesbank Baden-Wue    0.250   5/27/2037    EUR   66.986
BAE Systems PLC         3.000   9/15/2050    USD   68.574
Landesbank Hessen-Th    0.950   2/12/2035    EUR   70.070
Boparan Finance PLC     7.625  11/30/2025    GBP   68.083
Grand Delta Habitat     1.285   11/6/2040    EUR   64.306
Single Platform Inve    1.108   2/15/2041    EUR   65.610
Bayerische Landesban    0.770  11/29/2032    EUR   71.917
MOL Hungarian Oil &     1.900   4/12/2031    HUF   54.600
Banque Federative du    0.376  10/15/2031    EUR   74.318
Ukraine Government I    9.840   2/15/2023    UAH   59.375
OGX Austria GmbH        8.375    4/1/2022    USD    0.002
Aareal Bank AG          0.300  12/11/2030    EUR   64.101
Anselma Issuer SA       2.174  12/31/2038    EUR   64.580
Batigere Grand Est S    1.345   4/18/2032    EUR   74.676
Landesbank Baden-Wue    0.395   1/29/2031    EUR   73.715
Zurcher Kantonalbank   16.750    4/4/2023    USD   37.990
Banque International    2.120   8/20/2040    EUR   70.073
Raiffeisen Landesban    0.375  11/13/2034    EUR   74.586
AXA Home Loan SFH SA    0.125   6/25/2035    EUR   70.702
Bank Nadra Via NDR F    8.250   7/31/2018    USD    0.208
Luzerner Kantonalban    0.150   10/7/2044    CHF   68.775
Norwegian Air Shuttl    7.500  11/10/2023    USD   74.304
State of Saarland       1.108   5/18/2046    EUR   73.857
HSBC Bank PLC           0.500  12/22/2025    BRL   66.402
Aeroports de la Cote    2.500    7/9/2036    EUR   67.415
BNP Paribas SA          0.857   2/22/2036    EUR   66.278
Region of Centre-Val    0.711   11/2/2036    EUR   73.798
Frigate Luxembourg S    2.000    8/1/2032    EUR   53.635
Raiffeisenlandesbank    0.200    6/9/2036    EUR   66.720
Mondelez Internation    1.250    9/9/2041    EUR   66.921
Free and Hanseatic C    0.010   11/5/2035    EUR   70.539
Landeskreditbank Bad    0.610  11/17/2050    EUR   62.374
MFB Magyar Fejleszte    2.900  10/22/2031    HUF   65.045
Alno AG                 8.000   3/21/2019    EUR   14.000
Alfa Bank AO Via Alf    5.950   4/15/2030    USD    4.503
Land Baden-Wuerttemb    0.375   7/20/2048    EUR   58.114
Kuntarahoitus Oyj       1.150   9/24/2051    EUR   72.291
Alpine Holding GmbH     6.000   5/22/2017    EUR    3.159
Global Ports Finance    6.500   9/22/2023    USD   35.000
Takarek Mortgage Ban    3.000  10/22/2031    HUF   52.140
Societe Generale SA    13.500   8/23/2024    USD   50.900
Wirtschafts- und Inf    0.500   8/28/2046    EUR   60.638
Commerzbank AG          2.565   5/15/2043    EUR   65.371
Land Thueringen         0.250    3/5/2040    EUR   65.628
Ukraine Government I   16.000   5/24/2023    UAH   59.375
Portugal Telecom Int    5.242   11/6/2017    EUR    0.694
Credit Suisse AG/Lon    4.430   9/25/2035    USD   72.632
Bayerische Landesban    0.710   12/1/2031    EUR   74.017
ING Bank NV             0.335   4/21/2036    EUR   70.466
Societe Generale SA     0.831  11/25/2031    EUR   73.833
Region of Ile de Fra    0.610    7/2/2040    EUR   67.233
Steilmann SE            6.750   6/27/2017    EUR    2.184
UBS AG/London           3.327  11/23/2025    EUR   58.500
Corporate Commercial    8.250    8/8/2014    USD    0.308
National Treasury Ma    1.560   2/16/2122    EUR   71.451
Republic of Belarus     6.200   2/28/2030    USD   24.000
Land Berlin             0.625   7/15/2039    EUR   71.585
Comunidad Foral de N    1.450    5/8/2040    EUR   73.991
Golden Gate AG          6.500  10/11/2014    EUR   36.230
Ministeries Van de V    1.874   3/28/2058    EUR   72.275
Tennor Finance BV       5.750   6/17/2024    EUR   75.000
State of Saxony-Anha    2.030    7/3/2028    EUR   60.000
Rio Forte Investment    4.000   7/22/2014    EUR    3.846
Prosus NV               1.985   7/13/2033    EUR   65.153
DZ Bank AG Deutsche     5.500   6/23/2023    EUR   71.660
TBI Bank EAD            5.250   7/30/2031    EUR   51.224
Grenke Finance PLC      0.819   2/15/2030    EUR   65.962
Region Auvergne-Rhon    0.892  10/21/2041    EUR   67.304
Region Hauts-de-Fran    0.691    7/9/2042    EUR   64.124
Kingdom of Belgium G    1.170   5/12/2121    EUR   45.909
UBS AG/London           1.600   4/18/2049    EUR   70.438
Single Platform Inve    0.840   6/20/2043    EUR   59.714
Societe Nationale SN    1.400   5/18/2120    EUR   44.201
Kardan NV               6.325   2/21/2021    ILS #N/A N/A
Grand City Propertie    2.500   6/27/2039    EUR   60.776
Malta Government Bon    1.000   8/23/2035    EUR   74.970
Eurohold Bulgaria AD    8.000  12/29/2026    EUR   65.706
Pfandbriefzentrale d    0.020   1/30/2040    CHF   73.092
MMC Norilsk Nickel O    4.100   4/11/2023    USD   60.184
Single Platform Inve    0.754   9/20/2039    EUR   62.816
Caisse Francaise de     0.010  10/19/2035    EUR   68.620
Department of Girond    0.846   4/29/2039    EUR   70.970
Credit Suisse Group     2.455    7/4/2034    EUR   67.204
Virgolino de Oliveir   10.500   1/28/2018    USD    0.499
Barclays Bank PLC       1.580   4/12/2039    EUR   67.500
Romanian Government     4.625    4/3/2049    EUR   74.605
Nederlandse Watersch    0.877   6/24/2054    EUR   63.654
Region de Bruxelles-    0.592  12/10/2061    EUR   47.728
Bayerische Landesban    3.180   2/16/2038    EUR   70.264
Kreditanstalt fuer W    1.270   6/29/2051    EUR   72.759
Ukraine Government I    9.790   5/26/2027    UAH   55.201
DZ Bank AG Deutsche     1.000   2/13/2042    EUR   70.272
Ukraine Government I   16.000   5/24/2023    UAH   59.375
Nomura Bank Internat    1.138  12/19/2039    EUR   57.524
Pescanova SA            5.125   4/20/2017    EUR    0.319
Pongs & Zahn AG         8.500   11/1/2014    EUR    0.152
Ile-de-France Mobili    1.586   2/23/2052    EUR   74.263
Mercedes-Benz Manufa    1.500   3/16/2027    HUF   63.000
Morhomes PLC            2.508   2/19/2051    GBP   63.141
Bayerische Landesban    2.250  10/17/2033    EUR   69.145
Societe Centrale des    2.500   5/15/2023    EUR    6.780
State of Bremen         0.936   9/28/2046    EUR   68.451
BPCE SA                 0.500  10/21/2034    EUR   74.284
ING Bank NV             0.465   4/21/2041    EUR   66.688
Single Platform Inve    0.835  10/14/2061    EUR   48.390
Ile-de-France Mobili    1.200    4/8/2050    EUR   66.715
Agrokor dd              9.875    5/1/2019    EUR   15.000
BCP V Modular Servic    6.750  11/30/2029    EUR   72.450
EnBW International F    2.080   1/21/2041    EUR   74.414
Bank Gospodarstwa Kr    2.000   11/3/2036    EUR   70.544
Kommunekredit           0.869  11/12/2043    SEK   65.383
Romanian Government     1.375   12/2/2029    EUR   73.447
Centre Hospitalier R    0.800   6/28/2041    EUR   67.096
Banco Espirito Santo   10.000   12/6/2021    EUR    0.110
VTB Bank PJSC Via VT    9.500                USD    6.000
Single Platform Inve    1.610   2/15/2043    EUR   72.829
Kingdom of Belgium G    0.459   7/23/2079    EUR   34.106
Credit Agricole Corp    1.550    9/8/2031    AUD   72.015
State of Saarland       0.500   3/15/2051    EUR   59.005
Credit Bank of Mosco    4.700   1/29/2025    USD   19.142
Nederlandse Watersch    1.900   1/31/2035    AUD   69.532
Autonomous Community    1.255  10/31/2048    EUR   61.745
Deutsche Bank AG        1.750  10/30/2028    USD   72.900
SunDell Estate Nyrt     3.250  11/12/2030    HUF   68.000
Kelag-Kaerntner Elek    1.150   4/16/2041    EUR   68.745
Premium Green PLC       1.050   9/15/2035    EUR   73.023
Banco Santander SA      2.210   3/12/2031    USD   73.196
Flamingo Lux II SCA     5.000   3/31/2029    EUR   74.379
Pfandbriefbank schwe    0.250   10/6/2042    CHF   73.792
Virgolino de Oliveir   10.875   1/13/2020    USD   36.000
BPCE SA                 2.250   3/13/2040    AUD   48.290
Single Platform Inve    0.930    7/2/2041    EUR   63.427
Muenchener Hypotheke    0.420  12/10/2035    EUR   66.065
Republic of Ireland     1.250   10/8/2121    EUR   59.392
MMC Norilsk Nickel O    2.800  10/27/2026    USD   51.356
Credit Bank of Mosco    7.121   6/25/2024    USD   22.717
Intelsat Jackson Hol    8.500  10/15/2024    USD    0.486
Single Platform Inve    0.833   2/15/2041    EUR   61.950
Erdoel-Lagergesellsc    1.200    6/4/2043    EUR   73.521
Barclays Bank PLC      13.810   4/16/2024    TRY   74.894
Junta de Castilla y     1.270  10/31/2044    EUR   66.769
Societe Generale SA    21.000    2/2/2023    USD   56.760
Single Platform Inve    0.363   2/15/2041    EUR   55.972
DekaBank Deutsche Gi    7.650   3/10/2023    EUR   33.470
Bulgaria Steel Finan   12.000    5/4/2013    EUR    0.216
Rena GmbH               8.250   7/11/2018    EUR    0.059
Lloyds Bank PLC         0.500   7/26/2028    MXN   56.060
Erotik-Abwicklungsge    7.750    7/9/2019    EUR    0.779
Steilmann SE            7.000   9/23/2018    EUR    1.429
Vontobel Financial P    7.500  12/23/2022    USD   53.470
Credit Agricole Corp    1.120  11/21/2034    EUR   72.023
CDC Habitat SEM         0.814   2/15/2040    EUR   61.237
Romanian Government     3.375    2/8/2038    EUR   68.908
Nostrum Oil & Gas Fi    7.000   2/16/2025    USD   25.383
Air Berlin Finance B    8.500    3/6/2019    EUR    0.381
SAir Group              2.125   11/4/2004    CHF   12.350
Spain Government Bon    0.850   7/30/2037    EUR   72.292
Agence France Locale    2.550   3/20/2036    AUD   72.705
Virgolino de Oliveir   10.875   1/13/2020    USD   36.000
Turkey Government In    4.875   4/16/2043    USD   63.986
Societe Generale SA     9.250   9/16/2024    USD   31.200
Communaute Francaise    1.040   7/19/2101    EUR   52.129
Banque Federative du    1.590    2/5/2031    USD   72.184
Caisse des Depots et    1.015   7/22/2050    EUR   69.083
Kreditanstalt fuer W    0.890   3/10/2041    EUR   72.466
Credito Padano Banca    3.100                EUR   34.598
Cimpress PLC            7.000   6/15/2026    USD   68.235
Credit Suisse AG/Lon    5.100    6/8/2041    USD   72.389
Transmission Finance    2.701  10/16/2037    EUR   73.487
Slovenska Sporitelna    4.820                EUR   71.997
CPI Hungary Investme    2.250    8/7/2030    HUF   51.000
Phones4u Finance PLC    9.500    4/1/2018    GBP   74.938
DNB Boligkreditt AS     0.980   6/20/2044    EUR   69.846
Getin Noble Bank SA    12.320   3/31/2023    PLN   39.955
MS Deutschland Betei    6.875  12/18/2017    EUR    0.211
Raiffeisenlandesbank    0.500   1/22/2035    EUR   74.737
SAir Group              0.125    7/7/2005    CHF   12.375
National Grid Electr    1.608   8/24/2040    GBP   58.594
Region Bretagne SCI     0.544   12/7/2036    EUR   71.728
National Grid Electr    2.020   3/12/2032    AUD   72.857
National Grid Electr    1.151   2/20/2040    EUR   63.058
Single Platform Inve    0.700   9/20/2041    EUR   58.829
BNP Paribas SA          1.271    1/2/2024    USD   43.500
Single Platform Inve    0.915   2/15/2043    EUR   62.371
SAir Group              5.500   7/23/2003    CHF   12.345
Centre Hospitalier R    1.500   4/27/2050    EUR   72.169
Odea Bank AS            8.606    8/1/2027    USD   59.538
Credit Suisse AG/Lon    0.875   5/21/2031    EUR   71.692
A-TEC Industries AG     8.750  10/27/2014    EUR    0.100
NET4GAS sro             2.750   7/17/2025    CZK   74.599
OGX Austria GmbH        8.500    6/1/2018    USD    0.002
Elli Investments Ltd   12.250   6/15/2020    GBP   52.250
BPCE SFH SA             1.229   4/12/2049    EUR   71.362
Grenke Finance PLC      2.040   4/16/2029    EUR   65.640
Novolipetsk Steel Vi    4.500   6/15/2023    USD   61.652
Finance and Credit B    9.250   1/25/2019    USD    0.001
Communaute Francaise    1.581   1/23/2120    EUR   55.009
Region Wallonne Belg    1.225    9/2/2120    EUR   42.848
United Kingdom Gilt     1.625  10/22/2071    GBP   67.364
Single Platform Inve    1.080   5/25/2066    EUR   50.571
PIK Securities DAC      5.625  11/19/2026    USD   33.200
Communaute Francaise    1.380   11/7/2046    EUR   68.840
SG Issuer SA            0.263   2/20/2025    EUR   19.990
Italy Buoni Polienna    1.700    9/1/2051    EUR   65.134
Vajda-Papir Gyarto K    3.500   5/17/2031    HUF   70.900
Societe Generale SA     2.420   5/27/2031    USD   73.570
State of Mecklenburg    0.239  11/17/2070    EUR   41.653
GTC Magyarorszag Zrt    2.250   12/7/2030    HUF   66.590
Alpine Holding GmbH     5.250   6/10/2016    EUR    3.159
Credit Suisse AG/Lon    4.450   6/28/2023    USD    8.980
Bpifrance SACA          1.046   5/25/2050    EUR   62.793
Elli Finance UK PLC     8.750   6/15/2019    GBP   62.279
Landesbank Baden-Wue    1.300   6/21/2049    EUR   56.556
VTB Bank OJSC Via VT    6.250   6/30/2035    USD   21.403
Getin Noble Bank SA    12.650   4/28/2023    PLN   35.965
Banco Santander SA      3.764   12/7/2033    AUD   74.496
Ukraine Government I    9.990   5/22/2024    UAH   51.591
Caisse des Depots et    0.398  12/15/2050    EUR   56.461
Bayerische Landesban    0.400   7/15/2031    EUR   73.466
Region Hauts-de-Fran    0.402   2/18/2043    EUR   59.045
UBS AG/London           5.000    1/9/2023    USD   52.100
Getin Noble Bank SA    11.720  11/30/2023    PLN   23.875
Romanian Government     2.750   4/14/2041    EUR   58.329
Single Platform Inve    1.220    4/1/2039    EUR   68.771
Banco Santander SA      0.010   10/1/2032    EUR   66.461
Landesbank Hessen-Th    0.700   11/2/2034    EUR   68.429
Landesbank Hessen-Th    0.500   12/6/2034    EUR   71.100
Caixa Economica Mont    5.000                EUR   52.250
Alfa Bank AO Via Alf    5.500  10/26/2031    USD    3.670
UniCredit Bank Austr    0.150   4/29/2033    EUR   74.810
Ukraine Government I   15.970   4/19/2023    UAH   60.775
Depfa Funding III LP    2.056                EUR   52.830
BNP Paribas SA          0.500   9/29/2029    AUD   68.791
Malta Government Bon    2.400   8/13/2052    EUR   72.880
Raiffeisen Switzerla    7.050   5/22/2023    EUR   53.570
Aareal Bank AG          1.576   2/23/2032    EUR   69.457
HSE Finance Sarl        7.512  10/15/2026    EUR   61.266
Ville de Paris          0.963   12/6/2051    EUR   58.319
Bayerische Landesban    0.450   2/12/2031    EUR   74.420
Raiffeisen Schweiz G    8.340    3/7/2023    EUR   59.900
Landesbank Baden-Wue    4.734   2/20/2034    EUR   73.740
UBS AG/London          17.040   5/26/2027    SEK   66.750
Rusal Capital DAC       4.850    2/1/2023    USD   43.189
Credit Agricole SA      3.750    6/9/2040    AUD   64.301
Hemso Fastighets AB     2.615  11/30/2043    EUR   62.585
Unibail-Rodamco-West    2.000   12/5/2033    EUR   74.326
Kommunekredit           0.375    2/3/2045    DKK   61.263
Getin Noble Bank SA    12.290   7/28/2023    PLN   29.965
Landesbank Hessen-Th    1.150  11/24/2036    EUR   69.596
Ministeries Van de V    0.400  11/20/2043    EUR   59.162
Willhem AB              1.824  10/18/2038    SEK   65.786
Eurotorg LLC Via Bon    9.000  10/22/2025    USD   54.897
Deutsche Pfandbriefb    0.857   9/18/2037    EUR   50.332
Turkey Government In    6.000   1/14/2041    USD   71.665
SG Issuer SA            0.600    3/7/2033    EUR   72.433
Credit Bank of Mosco    7.625                USD   15.433
Agence France Locale    0.570   9/20/2040    EUR   67.737
Hungary Government B    3.000   4/25/2041    HUF   53.263
Deutsche Bank AG        1.725   1/16/2045    EUR   44.789
Sveriges Sakerstalld    1.378   7/13/2046    SEK   67.855
Takarek Mortgage Ban    5.750   5/27/2032    HUF   65.360
Landesbank Baden-Wue    3.480   2/24/2023    EUR   50.050
Republic of Ireland     0.995   2/24/2121    EUR   49.533
Ville de Paris          0.850    8/4/2051    EUR   59.513
Nykredit Realkredit     1.182   1/17/2034    EUR   68.745
BNG Bank NV             0.630   7/11/2067    EUR   50.745
Bulgaria Government     1.375   9/23/2050    EUR   57.134
Grand Delta Habitat     1.500    9/1/2049    EUR   63.343
Societe Generale SA    21.000  12/23/2022    USD   29.200
State of Lower Austr    0.550  11/13/2080    EUR   36.130
Vajda-Papir Gyarto K    3.500  11/16/2030    HUF   65.500
Eurogrid GmbH           0.875  11/20/2040    EUR   66.268
Ukraine Government I    9.840   2/15/2023    UAH   59.375
Region of Centre-Val    0.712   12/3/2039    EUR   68.289
Intelsat Jackson Hol    9.750   7/15/2025    USD    0.486
HSBC Continental Eur    1.140   8/26/2049    EUR   61.787
Agence France Locale    0.330  12/20/2040    EUR   64.118
DekaBank Deutsche Gi    1.100  11/25/2030    EUR   72.402
Raiffeisen Bank Inte    0.370    2/3/2033    EUR   63.058
Solon SE                1.375   12/6/2012    EUR    0.745
Societe Generale SA    18.000   11/2/2023    USD    9.900
Caisse des Depots et    1.050   9/27/2049    EUR   69.802
Credit Suisse AG/Lon    1.352    4/8/2034    EUR   72.536
Depfa Funding II LP     6.500                EUR   57.625
Mox Telecom AG          7.250   11/2/2017    EUR    2.270
Leonteq Securities A    3.500   1/10/2023    EUR   15.660
DZ Bank AG Deutsche     0.530   7/26/2033    EUR   69.916
Landesbank Hessen-Th    4.734   2/11/2037    EUR   66.600
Landesbank Baden-Wue    1.600    4/3/2039    EUR   71.390
Landesbank Hessen-Th    1.500  11/17/2036    EUR   66.900
Single Platform Inve    0.800  12/20/2040    EUR   62.294
Centre Hospitalier U    1.160    9/6/2039    EUR   59.955
Societe Generale SA    10.000    8/3/2023    USD   66.000
Assistance Publique     0.490   9/30/2040    EUR   63.994
Jain International T    7.125    2/1/2022    USD   21.799
Getin Noble Bank SA    12.300   8/31/2023    PLN   45.520
Landesbank Hessen-Th    2.000  11/25/2036    EUR   66.000
Agence France Locale    0.210  12/20/2035    EUR   70.666
Intesa Sanpaolo Bank    3.102  11/19/2035    AUD   65.342
Societe Wallonne de     0.883  11/21/2044    EUR   61.019
Erste Group Bank AG     0.770  11/13/2033    EUR   70.033
Gecci Investment KG     6.000   10/1/2027    EUR   37.552
SiC Processing GmbH     7.125    3/1/2016    EUR    0.784
Bilt Paper BV          10.360                USD    1.399
Single Platform Inve    0.656   9/20/2050    EUR   49.534
Heimstaden Bostad AB    2.800    5/4/2035    EUR   67.113
Takarek Mortgage Ban    1.750  12/22/2026    HUF   65.140
Virgolino de Oliveir   11.750    2/9/2022    USD    0.499
Orient Express Bank     2.000                USD   19.402
UBS AG/London           7.500   6/22/2023    USD   70.050
Ville de Paris          1.165    6/9/2053    EUR   61.820
Single Platform Inve    0.901   2/15/2041    EUR   64.047
Societe Generale SA    15.140   7/16/2024    USD   27.000
Credit Suisse AG/Lon    4.530   7/12/2023    USD    8.520
Barclays Bank PLC       2.070  12/18/2035    USD   63.648
Landesbank Hessen-Th    9.468   9/21/2033    EUR   74.600
Futureal Development    3.500  11/16/2036    HUF   47.000
Credit Agricole Corp    2.400   5/17/2048    EUR   57.925
Credit Suisse AG/Lon    1.000  12/20/2027    EUR    2.910
Region de Bruxelles-    0.765   7/15/2052    EUR   55.285
Deutsche Wohnen SE      2.125   9/26/2033    EUR   72.573
Nationwide Building     0.485   7/11/2044    CHF   73.495
Purple Protected Ass    2.085  10/27/2060    EUR   59.832
Polyus Finance PLC      5.250    2/7/2023    USD   48.191
Societe Du Grand Par    0.576  10/29/2052    EUR   50.585
Hemso Fastighets AB     1.130  10/31/2039    EUR   67.178
HSBC Continental Eur    1.410  12/12/2039    EUR   71.402
Comunidad Foral de N    0.550  10/22/2035    EUR   72.321
Credit Suisse AG/Lon    6.250  10/31/2025    USD    9.010
Communaute Francaise    0.788   8/30/2049    EUR   57.339
Purple Protected Ass    1.580   5/25/2060    EUR   53.203
Societe Generale SA    15.760   8/13/2026    USD   53.800
DekaBank Deutsche Gi    3.970    2/9/2023    EUR   40.330
HPI AG                  3.500                EUR    0.400
Ukraine Government I    7.750    9/1/2025    USD   24.912
Ukraine Government I    7.750    9/1/2027    USD   22.565
Sairgroup Finance BV    6.625   10/6/2010    EUR    1.964
Single Platform Inve    3.505    8/6/2046    AUD   65.071
Elecnor SA              3.025   9/30/2035    EUR   70.552
BNP Paribas SA          1.275   10/2/2023    USD   23.540
Department of Loiret    0.915  11/23/2043    EUR   65.744
Erste Group Bank AG     7.000   12/1/2022    EUR   62.500
Barclays Bank PLC       2.000  12/21/2029    USD   73.423
Kingdom of Belgium G    2.750   6/10/2071    USD   69.213
Ukraine Government B    3.900   10/5/2023    USD   56.543
Credit Suisse AG/Lon    2.302    4/8/2037    EUR   71.935
Credit Suisse AG/Lon    2.100   3/31/2031    USD   67.878
Getin Noble Bank SA    12.650   4/29/2024    PLN   22.775
Credit Agricole Corp   14.280   11/5/2026    TRY   62.883
Royal Schiphol Group    2.890  10/25/2034    AUD   70.311
UBS AG/London           4.520    9/7/2023    USD    9.204
BNP Paribas Issuance    4.360  12/14/2022    EUR   69.710
Landesbank Baden-Wue    0.500  11/25/2030    EUR   74.983
CDC Habitat SEM         1.170    5/4/2037    EUR   68.185
Wirtschafts- und Inf    0.200   12/2/2043    EUR   58.126
DekaBank Deutsche Gi    5.970    2/9/2023    EUR   40.410
Region Bretagne SCI     0.815   6/12/2040    EUR   68.828
Kreditanstalt fuer W    0.689   6/18/2040    EUR   72.428
Kommunekredit           1.336   10/1/2032    AUD   71.520
City of Lausanne Swi    0.230   11/1/2060    CHF   55.169
Sberbank of Russia V    5.250   5/23/2023    USD    6.524
RENE LEZARD Mode Gmb    7.250  11/25/2017    EUR    0.500
ABN AMRO Bank NV        2.295   9/21/2026    EUR   20.000
La Banque Postale Ho    0.640   1/27/2042    EUR   69.033
Landesbank Hessen-Th    1.650   5/27/2030    EUR    4.938
Single Platform Inve    1.370   7/25/2053    EUR   62.514
Hamburgische Investi    0.380   2/24/2042    EUR   65.286
Saechsische Aufbauba    0.300   2/18/2042    EUR   61.441
Societe Generale SA    11.000   8/16/2024    USD   17.650
Polyus Finance PLC      3.250  10/14/2028    USD   48.616
Hemso Fastighets AB     0.473   2/18/2030    EUR   69.831
Societe Generale SA    16.000   10/3/2024    USD    8.550
Luzerner Kantonalban    0.250   8/28/2040    CHF   74.740
Ville de Paris          0.758   8/20/2060    EUR   46.739
Vasakronan AB           1.770  10/26/2033    NOK   69.518
Free State of Saxony    0.400   5/12/2036    EUR   73.787
Department of Loiret    0.478  10/30/2040    EUR   63.694
BNP Paribas SA          2.840   8/26/2039    AUD   56.936
State of Hesse          0.227   8/20/2049    EUR   55.945
United Kingdom Gilt     0.500  10/22/2061    GBP   43.786
Batigere Grand Est S    1.400   8/31/2050    EUR   59.852
Bibby Offshore Servi    7.500   6/15/2021    GBP   11.625
Heta Asset Resolutio    1.136  12/31/2023    EUR    0.017
Russian Railways JSC   13.630   4/29/2043    RUB   55.010
DAH Holding GmbH        7.250   9/28/2018    EUR    0.718
Cie de Financement F    0.975   8/11/2046    EUR   69.574
Raiffeisen Switzerla    7.050   5/23/2023    CHF   53.120
Barclays Bank PLC       2.975   2/21/2025    USD    8.978
Single Platform Inve    1.060    4/1/2042    EUR   64.983
VTB Bank PJSC           5.000                USD   54.500
UBS Group AG            2.370   2/25/2036    USD   66.181
Nitrogenmuvek Vegyip    7.000   5/14/2025    EUR   70.022
Caisse Francaise de     1.093  10/14/2051    EUR   69.085
Societe Generale SA     2.480   7/17/2040    USD   51.237
BNG Bank NV             0.632   7/12/2066    EUR   51.412
Societe Generale SA     3.300    7/8/2034    AUD   70.774
Landesbank Hessen-Th    0.800   2/26/2035    EUR   68.580
Region Wallonne Belg    1.135  10/10/2069    EUR   53.986
Getin Noble Bank SA    11.290   7/26/2024    PLN   34.875
Ministeries Van de V    0.634  11/19/2060    EUR   44.651
Batigere Grand Est S    1.600  11/14/2039    EUR   68.980
HOCHTIEF AG             2.300   4/26/2034    EUR   66.823
Societe Nationale SN    3.190   4/19/2041    AUD   73.337
Kommunekredit           2.200   9/27/2041    AUD   64.675
Basque Government       1.750   4/22/2050    EUR   69.564
Cattles Ltd             8.125    7/5/2017    GBP    0.027
Single Platform Inve    1.085   6/20/2050    EUR   57.561
State of Lower Austr    0.460   10/8/2049    EUR   54.675
Rosbank PJSC            0.030   4/30/2024    RUB   60.050
UkrLandFarming PLC     10.875   3/26/2018    USD    1.442
Agrokor dd              9.125    2/1/2020    EUR   15.000
New World Resources     4.000   10/7/2020    EUR    0.312
Region Wallonne Belg    1.150    9/2/2120    EUR   40.538
Zurcher Kantonalbank   12.000   2/16/2023    USD   62.150
Ukraine Government I    8.994    2/1/2026    USD   23.775
Region Provence-Alpe    0.753    1/5/2037    EUR   74.061
Kuntarahoitus Oyj       0.815   2/24/2061    EUR   63.715
Muenchener Hypotheke    0.550   2/18/2046    CHF   61.135
Hemso Fastighets AB     2.680   7/10/2035    AUD   65.709
CDC Habitat SEM         1.150   4/30/2037    EUR   67.954
United Kingdom Gilt     0.625  10/22/2050    GBP   51.418
Credit Suisse AG/Lon    9.000   3/23/2023    USD   59.070
City of Zurich Switz    0.400  11/21/2046    CHF   74.583
Single Platform Inve    0.785   3/20/2039    EUR   64.035
Sibur Securities DAC    3.450   9/23/2024    USD   57.671
Erste Group Bank AG     7.500  11/29/2024    EUR   59.950
Wirtschafts- und Inf    0.170   12/9/2041    EUR   63.534
Region Auvergne-Rhon    0.543   9/28/2036    EUR   71.371
Assistance Publique     1.665   4/10/2049    EUR   73.281
Free and Hanseatic C    1.095   6/13/2046    EUR   71.326
Credit Suisse AG/Lon    4.700    7/1/2046    AUD   74.694
A-TEC Industries AG     2.750   5/10/2014    EUR    0.100
City of St Gallen       0.140   9/16/2044    CHF   71.471
Deutsche Bank AG        2.825   2/25/2043    EUR   71.664
Caisse des Depots et    2.700   4/28/2041    AUD   68.353
Credit Suisse AG/Lon    4.460   7/26/2023    USD    9.190
Kommunalkredit Austr    1.055   10/6/2031    EUR   73.494
Landesbank Hessen-Th    0.650   10/6/2031    EUR   74.401
UBS AG                  9.000   3/31/2023    USD   50.100
Bayer Construct Epit    3.700  10/21/2031    HUF   66.340
Alfa Bank AO Via Alf    5.900                USD    4.396
Societe Du Grand Par    1.149    4/8/2069    EUR   57.682
BNP Paribas SA          3.580   7/23/2040    AUD   74.910
Grand City Propertie    2.800   2/25/2039    EUR   64.072
Kingdom of Belgium G    0.558   9/24/2077    EUR   37.759
Region Wallonne Belg    0.150   5/10/2035    EUR   69.834
Swissgrid AG            0.125   6/30/2036    CHF   74.869
Autonomous Community    0.810  10/31/2040    EUR   64.548
ABN AMRO Bank NV        0.450  12/12/2036    EUR   71.697
Bayerische Landesban    0.900  11/29/2035    EUR   65.040
CDC Habitat SEM         1.060   5/22/2036    EUR   67.951
Region de Bruxelles-    1.500   6/22/2070    EUR   66.575
SG Issuer SA            1.050  11/20/2025    EUR   18.350
Landesbank Hessen-Th    1.000  11/29/2034    EUR   70.900
Agrokor dd Via Aquar    4.921    8/8/2017    EUR   14.625
Russian Railways JSC   14.680  10/11/2038    RUB   55.010
Deutsche Pfandbriefb    0.500   7/23/2029    EUR   71.930
Erste Group Bank AG     5.250  11/30/2022    EUR   52.400
Societe Generale SA     7.010    8/1/2023    USD   73.740
Ideal Standard Inter    6.375   7/30/2026    EUR   48.731
Single Platform Inve    1.442   7/25/2053    EUR   64.244
Barclays Bank PLC       3.130    4/9/2051    USD   69.404
Societe Generale SA    16.000    8/1/2024    USD   16.150
Region de Bruxelles-    1.144   1/14/2056    EUR   59.753
Polyus Finance PLC      4.700   1/29/2024    USD   47.725
Sibur Holding PAO       1.500   10/1/2032    USD   46.000
Thomas Cook Group PL    6.250   6/15/2022    EUR    0.188
Grupo Isolux Corsan     1.000  12/30/2021    EUR    0.157
Region Provence-Alpe    0.394    9/1/2036    EUR   70.610
DekaBank Deutsche Gi    4.630  12/16/2022    EUR   72.700
Romanian Government     3.500    4/3/2034    EUR   73.471
Kreditanstalt fuer W    0.826  10/22/2041    EUR   73.413
UBS AG                  9.000   4/20/2023    USD   25.000
Hypo Vorarlberg Bank    1.520    7/8/2050    EUR   63.021
LP Portfolio Vagyonk    3.400   9/23/2031    HUF   56.200
Luzerner Kantonalban   10.120  12/23/2022    CHF    9.000
Nordea Bank Abp         3.050   7/20/2027    SEK   70.900
Ukraine Government I    4.375   1/27/2032    EUR   19.475
Rusal Capital DAC       5.300    5/3/2023    USD   40.465
Landesbank Hessen-Th    0.800  11/26/2035    EUR   66.850
Hungary Government I    3.125   9/21/2051    USD   59.682
Autonomous Community    1.138  11/22/2052    EUR   55.663
Caisse Francaise de     0.510  11/19/2040    EUR   66.526
State of Lower Austr    0.585  10/11/2049    EUR   56.968
Landesbank Baden-Wue    0.900  11/22/2034    EUR   66.279
Sibur Securities DAC    4.125   10/5/2023    USD   59.728
LP Portfolio Vagyonk    2.800  11/30/2030    HUF   60.950
UBS AG                  7.000    5/1/2024    USD   67.000
State of Rhineland-P    0.375   7/20/2048    EUR   58.903
Skandinaviska Enskil   10.150   1/15/2025    SEK   62.730
Rosbank PJSC            0.010   4/30/2024    RUB   60.050
Officine Maccaferri-    5.750    6/1/2021    EUR   17.672
Gold-Zack AG            7.000  12/14/2005    EUR    1.650
Wirtschafts- und Inf    0.060   8/31/2034    EUR   71.052
Ville de Paris          1.293   2/22/2049    EUR   69.630
Jain International T    7.125   3/31/2026    USD   27.543
Landesbank Saar         0.760    5/8/2034    EUR   71.663
Ile-de-France Mobili    1.000   12/2/2043    EUR   68.388
Societe Generale SA    14.400  12/14/2023    USD   28.600
Caisse des Depots et    0.859    3/2/2041    EUR   70.482
Single Platform Inve    1.235  12/20/2050    EUR   60.148
Single Platform Inve    1.013  12/20/2050    EUR   54.851
Communaute Francaise    0.782    2/8/2061    EUR   48.993
Raiffeisen Centroban   11.819   3/22/2023    EUR   73.800
Caisse des Depots et    2.766    8/9/2049    USD   69.084
Santander Internatio    1.150    4/8/2041    EUR   64.397
Ministeries Van de V    1.095    6/3/2055    EUR   59.267
TransFin-M PAO          9.400    2/4/2027    RUB   61.000
MOL Hungarian Oil &     1.100   9/22/2030    HUF   47.000
Bulgaria Government     0.375   9/23/2030    EUR   73.974
State of Rhineland-P    0.600  10/24/2046    EUR   62.747
Department of Girond    0.412  11/26/2037    EUR   68.144
Chelyabinsk Pipe Pla    4.500   9/19/2024    USD   16.665
Getin Noble Bank SA    11.300   8/30/2024    PLN   37.876
Ministeries Van de V    0.600  11/19/2055    EUR   45.922
Caisse des Depots et    0.913  11/20/2050    EUR   66.365
Deutsche Wohnen SE      1.700   12/5/2036    EUR   69.342
LR Realkredit AS        0.500   10/1/2050    DKK   68.883
Pescanova SA            6.750    3/5/2015    EUR    0.319
Land Berlin             0.500   6/19/2047    EUR   63.167
BPCE SA                 1.920   12/9/2030    AUD   66.707
Novolipetsk Steel Vi    4.000   9/21/2024    USD   60.481
Hungary Government B    4.000   4/28/2051    HUF   55.963
Region of Pays de la    0.570   3/10/2036    EUR   73.549
Societe Generale SA     2.630    3/2/2036    USD   62.292
Region Auvergne-Rhon    0.650   5/18/2038    EUR   70.125
Societe Nationale SN    2.910   1/27/2051    AUD   66.217
Centre Hospitalier B    0.950    2/5/2041    EUR   56.171
Single Platform Inve    0.830    9/6/2041    EUR   61.462
Region Occitanie        0.766   10/7/2041    EUR   66.230
Region Wallonne Belg    1.220   6/12/2050    EUR   64.040
InterCement Financia    5.750   7/17/2024    USD   69.297
International Financ    0.500   6/29/2027    ZAR   66.549
ABN AMRO Bank NV        1.171    4/4/2044    EUR   71.725
Region de Bruxelles-    1.528    4/5/2049    EUR   71.216
Department of L'Eure    1.110   6/18/2039    EUR   74.121
getgoods.de AG          7.750   10/2/2017    EUR    0.527
Deutsche Wohnen SE      1.250   7/31/2031    EUR   74.259
Norske Skogindustrie    7.125  10/15/2033    USD    0.010
Single Platform Inve    1.340   6/20/2041    EUR   70.419
Pfandbriefbank schwe    0.250   4/25/2042    CHF   74.083
BNP Paribas SA          1.300   1/28/2037    EUR   70.443
Vasakronan AB           3.300   1/14/2042    AUD   64.853
Banco Santander SA      3.600   11/5/2033    AUD   73.369
Caisse des Depots et    3.000   11/8/2051    AUD   67.950
Credit Suisse AG/Lon    9.000  11/28/2022    USD   38.790
Batigere Grand Est S    1.500  12/15/2051    EUR   63.083
Societe Generale SA    20.000  12/18/2025    USD   32.500
State of North Rhine    0.950   1/10/2121    EUR   47.319
Ukraine Government B    4.000   1/25/2024    USD   47.088
Turkiye Ihracat Kred   12.540   9/14/2028    TRY   49.899
Autonomous Community    1.515   6/21/2051    EUR   64.665
Single Platform Inve    1.200   11/1/2040    EUR   66.487
Agence Francaise de     0.537   7/16/2040    EUR   69.850
Cordia International    3.000   7/27/2030    HUF   57.000
Leonteq Securities A   13.000  11/30/2022    EUR   38.596
Single Platform Inve    0.740    4/1/2042    EUR   59.957
Landesbank Hessen-Th    1.000  10/14/2036    EUR   66.200
Batigere Grand Est S    1.550  11/14/2039    EUR   68.022
Single Platform Inve    0.559   2/15/2047    EUR   51.788
SG Issuer SA            2.910  10/29/2034    AUD   67.134
Zurcher Kantonalbank   20.000   1/18/2023    USD   68.050
LFA Foerderbank Baye    0.050   9/29/2034    EUR   72.519
Forras Vagyonkezeles    3.250   10/1/2030    HUF   68.580
Single Platform Inve    0.720   3/20/2051    EUR   51.149
Region de Bruxelles-    1.100   6/22/2066    EUR   56.757
Santander Internatio    1.365   1/28/2061    EUR   54.851
NRW Bank                0.106   8/17/2050    EUR   56.173
Landesbank Baden-Wue    1.080   7/16/2035    EUR   66.274
National Grid Electr    2.920   9/30/2044    AUD   66.084
Region Bretagne SCI     0.815   6/12/2040    EUR   68.828
Minicentrales Dos SA    0.010    6/6/2047    EUR   59.376
Steilmann SE            7.000    3/9/2017    EUR    1.429
Muenchener Hypotheke    0.886   3/26/2043    EUR   68.686
Polski Bank Spoldzie   10.850   9/14/2027    PLN   42.925
Russian Agricultural    8.500  10/16/2023    USD   13.414
Credit Suisse AG/Lon    3.110    3/3/2032    USD   71.014
Credit Suisse AG/Lon   10.500  12/27/2022    CHF    8.400
Hell Energy Magyaror    3.000   7/28/2031    HUF   65.900
Landesbank Saar         0.890    9/4/2034    EUR   72.131
Region of Centre-Val    0.822   5/12/2041    EUR   67.583
Banco Santander SA      1.000   1/14/2034    EUR   70.792
Muenchener Hypotheke    0.620   7/22/2033    EUR   69.751
Credit Suisse AG/Lon    8.000   6/28/2023    USD    9.620
Region Occitanie        0.728  11/16/2037    EUR   70.480
Corner Banca SA        14.000   3/27/2023    CHF   60.080
VTB Bank PJSC           3.750                EUR   50.000
SunDell Estate Nyrt     3.650    7/9/2031    HUF   69.500
4iG Nyrt                2.900   3/29/2031    HUF   68.510
BNP Paribas Emission    8.500   2/21/2023    USD   60.510
BNG Bank NV             0.562    6/7/2051    EUR   65.889
Norddeutsche Landesb    1.150    7/1/2036    EUR   67.930
Barclays Bank PLC       4.150    4/5/2039    AUD   71.818
Societe Generale SA     1.700   1/19/2031    USD   70.087
Eltex Kft               3.500  12/21/2028    HUF   69.600
Credit Agricole Corp    1.300    2/2/2061    EUR   53.353
Kingdom of Belgium G    0.650   6/22/2071    EUR   48.741
Portugal Obrigacoes     1.000   4/12/2052    EUR   57.919
Purple Protected Ass    1.598    2/5/2061    EUR   66.555
Credit Suisse AG/Lon    7.750  12/15/2022    CHF   34.170
Deutsche Pfandbriefb    4.120   11/3/2031    EUR   65.230
Landesbank Baden-Wue    0.750   8/12/2039    EUR   67.450
Cie de Financement F    0.900   7/18/2058    EUR   60.070
Landesbank Baden-Wue    1.000   8/12/2039    EUR   66.910
Region de Bruxelles-    1.225   6/21/2070    EUR   56.598
DZ Bank AG Deutsche     0.540  10/23/2031    EUR   74.289
Malta Government Bon    1.500  10/22/2045    EUR   65.690
Berlin Hyp AG           0.750    3/4/2050    EUR   64.878
Thomas Cook Finance     3.875   7/15/2023    EUR    1.474
Single Platform Inve    0.605   9/20/2042    EUR   57.403
Pfandbriefzentrale d    0.050   10/6/2043    CHF   69.392
Landesbank Hessen-Th    0.650  10/18/2034    EUR   67.955
Societe Generale SA     9.000  10/31/2034    USD   54.000
UniCredit Bank AG       1.120   5/14/2057    EUR   68.587
Deutsche Pfandbriefb    0.480   5/19/2031    EUR   64.889
Credit Suisse AG/Lon    2.000   9/30/2030    USD   68.946
Single Platform Inve    1.156   2/12/2041    EUR   65.909
Societe Generale SA     8.880   9/16/2024    USD   37.250
NatWest Markets PLC     1.250   12/4/2034    EUR   70.477
Societe Du Grand Par    1.923   5/25/2066    EUR   72.705
Slovenia Government     0.488  10/20/2050    EUR   49.667
SNCF Reseau             2.622   9/24/2049    USD   73.075
SAir Group              2.750   7/30/2004    CHF   12.350
Single Platform Inve    1.870  11/21/2044    EUR   71.160
SG Issuer SA            0.350  11/15/2023    EUR   26.890
Rosbank PJSC            0.020   4/30/2024    RUB   60.050
Pfandbriefzentrale d    0.200   5/22/2042    CHF   73.355
Assistance Publique     1.125   4/16/2047    EUR   65.614
Takarek Mortgage Ban    3.000   1/28/2036    HUF   43.330
Duna Aszfalt Ut Es M    2.990  10/17/2029    HUF   68.000
Lehman Brothers Trea    2.875   3/14/2013    CHF    0.100
Deutsche Bank AG        0.687  10/11/2049    EUR   50.960
Sequa Petroleum NV      5.000   4/29/2020    USD   30.250
Deutsche Bank AG        2.348   8/15/2034    EUR   71.764
Corner Banca SA        13.000   1/19/2023    USD   32.910
Kommunekredit           2.180   7/16/2040    AUD   64.756
Kuntarahoitus Oyj       1.220   3/27/2060    EUR   69.470
DZ Bank AG Deutsche     9.250   4/28/2023    EUR   42.760
Norddeutsche Landesb    0.900   12/8/2031    EUR   74.861
BNP Paribas SA          1.450  11/17/2041    EUR   67.688
MET Hungary Solar Pa    3.800   12/2/2031    HUF   68.100
Communaute Francaise    0.392   1/22/2041    EUR   60.441
Flextronics Internat    3.600   12/6/2031    HUF   58.000
Vontobel Financial P    6.000   3/24/2023    EUR   69.040
Caisse Francaise de     0.865   2/17/2042    EUR   70.554
Getin Noble Bank SA    12.110  12/21/2023    PLN   19.875
Landesbank Hessen-Th    0.800   9/29/2036    EUR   66.107
Deutsche Bank AG/Lon    2.200   4/14/2023    EUR   74.910
State of North Rhine    1.850   3/18/2089    EUR   69.503
Natixis SA              0.300   6/25/2048    USD   27.264
DZ Bank AG Deutsche     3.780  12/23/2022    EUR   72.720
Wirtschafts- und Inf    0.200  12/14/2045    EUR   56.560
VTB Bank PJSC          10.000                RUB   70.000
Landesbank Hessen-Th    0.350   5/27/2031    EUR   74.519
BNG Bank NV             0.772    8/5/2050    EUR   58.202
Republic of Austria     0.100   7/10/2040    EUR   64.419
Societe Generale SA     2.650   2/25/2030    USD   73.438
Hypo Tirol Bank AG      0.740   5/29/2040    EUR   69.038
DekaBank Deutsche Gi    2.200   3/24/2023    EUR   72.890
Kreditanstalt fuer W    1.267   3/22/2051    EUR   74.867
Getin Noble Bank SA    11.260   6/28/2024    PLN   24.876
Credit Suisse AG/Lon    2.500   7/23/2025    SEK   25.160
Banque Cantonale de     0.100   11/1/2044    CHF   66.344
DLR Kredit A/S          0.500   10/1/2053    DKK   69.094
Kreditanstalt fuer W    0.885  11/14/2039    EUR   73.959
State of Hesse          0.450   9/23/2044    EUR   62.758
Norddeutsche Landesb    0.850   12/7/2035    EUR   65.331
Landesbank Saar         0.650  11/19/2035    EUR   67.196
DekaBank Deutsche Gi    0.780  10/18/2035    EUR   68.665
Home Invest Belgium     1.850   1/15/2032    EUR   73.342
Region Wallonne Belg    1.000   9/16/2059    EUR   54.973
HSBC Bank PLC           0.500   6/23/2027    MXN   61.834
LFA Foerderbank Baye    0.250   9/30/2039    EUR   65.644
Takarek Mortgage Ban    2.600  10/22/2028    HUF   59.820
SCF Capital Designat    3.850   4/26/2028    USD   19.428
BPCE SA                 2.614    3/4/2036    AUD   57.988
UniCredit Bank AG       5.300    4/8/2025    EUR   68.160
Italy Buoni Polienna    1.500   4/30/2045    EUR   65.454
Republic of Poland G    1.250  10/25/2030    PLN   66.484
Wirtschafts- und Inf    0.192   1/28/2042    EUR   60.635
NTRP Via Interpipe L   10.250    8/2/2017    USD   26.500
Ferrovie Luganesi SA    0.280  12/31/2044    CHF   68.626
Zurcher Kantonalbank   30.000   1/18/2023    USD   26.490
Region Auvergne-Rhon    1.150    4/8/2039    EUR   74.905
Hypo Vorarlberg Bank    1.590   8/25/2050    EUR   61.965
Harp Issuer PLC         1.400   2/14/2032    USD   66.975
Landesbank Baden-Wue    3.120  12/23/2022    EUR   66.230
JP Morgan Structured   11.000  12/30/2026    ZMW #N/A N/A
Ukraine Government B   16.000   3/13/2024    UAH   60.286
Landesbank Baden-Wue    4.000   8/22/2025    EUR   45.890
Malta Government Bon    1.200   5/13/2037    EUR   72.070
Landesbank Hessen-Th    0.530   11/4/2031    EUR   73.449
Region de Bruxelles-    0.444   3/19/2057    EUR   44.530
Landesbank Baden-Wue    4.100  12/23/2022    EUR   62.060
Hamburgische Investi    0.372   2/22/2041    EUR   66.329
Single Platform Inve    1.000  10/31/2040    EUR   64.116
Muenchener Hypotheke    1.692   11/6/2051    EUR   69.720
Single Platform Inve    0.815    4/1/2042    EUR   59.096
Slovenska Sporitelna    4.490                EUR   61.351
Nederlandse Watersch    0.955   2/13/2051    EUR   65.142
Wirtschafts- und Inf    0.450   12/1/2038    EUR   69.666
Banco Santander SA      0.790   9/30/2031    EUR   74.211
Alfa-Bank AO           10.200   2/10/2025    RUB   65.000
Banque International    0.800  12/22/2032    EUR   73.865
Barclays Bank PLC       2.700   3/26/2031    AUD   74.502
CB First Investment     8.000                EUR   70.614
Assistance Publique     1.099    4/6/2071    EUR   48.330
Single Platform Inve    1.051    4/1/2042    EUR   63.540
Bayerische Landesban    1.800   1/25/2036    EUR   74.154
Natixis SA              3.600  11/11/2041    AUD   66.828
Skandinaviska Enskil    8.520   1/15/2024    SEK   74.220
Societe Generale SA     2.050   2/18/2031    AUD   68.348
Credit Agricole Corp    1.900   1/15/2031    AUD   74.766
Caisse des Depots et    1.365   11/2/2051    EUR   74.592
TransFin-M PAO          9.150    2/4/2027    RUB   61.000
Kreditanstalt fuer W    0.980   6/28/2051    EUR   69.504
Region de Bruxelles-    0.750   6/24/2042    EUR   65.379
Bayerische Landesban    1.100   3/24/2023    EUR   73.380
Ministeries Van de V    0.875    6/3/2045    EUR   60.064
Grand City Propertie    2.600   2/25/2034    EUR   68.923
Single Platform Inve    1.650    6/3/2038    EUR   74.907
Assistance Publique     0.800   3/23/2046    EUR   61.326
Single Platform Inve    1.083   2/15/2041    EUR   64.967
Deutsche Bank AG/Lon    4.320   6/15/2037    AUD   72.977
Deutsche Pfandbriefb    0.613   9/30/2032    EUR   60.665
Getin Noble Bank SA    12.320    4/4/2024    PLN   32.635
Ville de Paris          0.760   5/25/2066    EUR   45.137
Credit Agricole Corp    0.650   11/5/2034    EUR   67.852
SBAB Bank AB            0.928   11/7/2034    SEK   74.278
Credit Suisse AG/Lon   20.000  11/29/2024    USD   11.229
National Grid Electr    2.226  12/19/2039    GBP   66.143
Kreditanstalt fuer W    1.115   5/17/2041    EUR   70.138
Landesbank Hessen-Th    1.370   9/22/2031    EUR   71.198
Societe Generale SA     1.100   2/20/2034    EUR   70.371
Erste Group Bank AG     0.100   9/30/2032    EUR   69.350
Municipality of Arnh    0.605   2/24/2040    EUR   70.435
EFG International Fi    4.900  11/24/2023    USD   50.120
Deutsche Apotheker-u    1.090  12/16/2039    EUR   63.700
Region de Bruxelles-    0.556  12/23/2064    EUR   43.172
Communaute Francaise    1.600   6/22/2047    EUR   73.405
BNG Bank NV             2.300    3/3/2036    AUD   71.550
Single Platform Inve    1.082   3/17/2039    EUR   66.940
Zurcher Kantonalbank    7.100   12/2/2022    USD   61.070
Assistance Publique     1.073   4/16/2045    EUR   66.706
Basque Government       2.000   4/30/2059    EUR   69.831
Hospices Civils de L    0.380   8/28/2030    EUR   74.733
BNP Paribas SA          1.125   11/5/2034    EUR   70.478
Lehman Brothers Trea   11.750    3/1/2010    EUR    0.100
Danske Bank A/S         0.910  10/17/2039    JPY   72.328
Landesbeteiligungen     1.450   6/15/2046    EUR   65.900
Landesbank Saar         0.842   1/24/2033    EUR   74.975
WEB Windenergie AG      4.000  12/17/2025    EUR    0.010
Dr Wiesent Sozial gG    7.000                EUR    0.002
Commerzbank AG          1.400   7/21/2031    EUR   73.043
Phosphorus Holdco PL   10.000    4/1/2019    GBP    1.386
Russian Railways JSC   13.630  10/15/2040    RUB   50.010
Deutsche Pfandbriefb    3.100    9/7/2046    USD   72.926
Caisse des Depots et    1.075   9/15/2050    EUR   70.178
Skandinaviska Enskil    7.520   7/15/2024    SEK   70.990
DZ Bank AG Deutsche     4.000  12/23/2022    EUR   65.120
Communaute Francaise    1.010   7/19/2051    EUR   59.542
STAVMAT Epitoanyag K    3.000   7/20/2031    HUF   64.600
VTB Bank PJSC          13.000                RUB   74.900
Single Platform Inve    0.810    4/1/2042    EUR   60.177
UniCredit Bank AG       0.610    5/2/2033    EUR   73.448
Sberbank of Russia P    0.010    2/4/2027    RUB   68.900
Single Platform Inve    1.120   7/25/2045    JPY   67.458
Landesbank Hessen-Th    1.750   2/16/2037    EUR   70.100
Landesbank Hessen-Th    9.468  11/16/2033    EUR   74.300
Santander Consumer B    8.100                NOK   56.499
Landesbank Hessen-Th    1.500  12/16/2036    EUR   69.900
Ville de Paris          0.831   2/23/2056    EUR   52.062
Wirtschafts- und Inf    0.650    2/8/2039    EUR   72.057
Zurcher Kantonalbank   22.500  12/20/2022    USD   66.780
Bayerische Landesban    1.716    1/8/2037    EUR   71.971
French Republic Gove    0.500   6/25/2044    EUR   65.363
Barclays Bank PLC       2.600   3/30/2031    AUD   73.844
Grenke Finance PLC      2.237   1/29/2029    EUR   72.710
Ukraine Government B    3.700   5/25/2023    USD   67.297
Bazalgette Finance P    0.074   5/16/2049    GBP   65.145
Vasakronan AB           0.950   3/22/2039    JPY   74.837
Vontobel Financial P    3.900   1/19/2023    EUR   58.060
BNP Paribas SA          1.660    3/4/2031    USD   71.277
CDC Habitat SEM         0.853   2/15/2041    EUR   61.189
Bayerische Landesban    0.350  12/23/2030    EUR   74.653
Wirtschafts- und Inf    0.400  11/23/2039    EUR   67.861
Raiffeisenlandesbank    0.998   11/4/2033    EUR   73.065
Santander Internatio    1.320    8/8/2039    EUR   68.095
Credit Suisse AG/Lon   18.300    8/1/2023    USD   18.500
NRW Bank                1.400   3/19/2070    EUR   68.919
FLUVIUS System Opera    0.810    4/8/2033    EUR   72.362
Assistance Publique     0.647   7/17/2040    EUR   66.438
ASCE Group OJSC         7.000   6/11/2031    USD   71.786
Assistance Publique     0.750  11/30/2039    EUR   68.614
Kommunalkredit Austr    0.570   9/15/2037    EUR   69.073
Agence Francaise de     2.114    9/8/2034    AUD   72.247
Landesbank Hessen-Th    1.600   6/12/2035    EUR   72.300
Kreditanstalt fuer W    0.613   6/10/2040    EUR   67.251
Kreditanstalt fuer W    1.208   6/17/2051    EUR   74.969
NORD/LB Luxembourg S    0.542   9/30/2037    EUR   69.343
Getin Noble Bank SA    11.250   5/31/2024    PLN   36.016
Getin Noble Bank SA    12.300   1/31/2024    PLN   37.875
Regie Autonome des T    0.875   8/18/2080    EUR   44.426
Landesbank Hessen-Th    1.300   9/25/2035    EUR   69.400
Region Wallonne Belg    0.050  10/26/2032    EUR   73.681
Societe Generale SA     9.200   5/22/2025    USD   63.560
Raiffeisen Bank Inte    0.290  11/11/2030    EUR   73.002
LFA Foerderbank Baye    0.010  12/15/2033    EUR   73.875
Metal Hungaria Holdi    3.000  11/17/2030    HUF   62.000
Communaute Francaise    1.363   4/16/2040    EUR   73.375
Landesbank Hessen-Th    0.750  11/14/2034    EUR   68.606
National Grid Electr    1.690   9/16/2041    GBP   58.488
MASTERPLAST Nyrt        2.000   12/6/2026    HUF   74.000
Santander Internatio    1.700  12/12/2049    EUR   43.755
s Wohnbaubank AG        0.750   1/27/2035    EUR   65.500
Vontobel Financial P    7.150   12/9/2022    CHF   28.550
Kuntarahoitus Oyj       1.400    3/5/2061    EUR   74.562
Assistance Publique     0.683   3/19/2041    EUR   65.884
Batigere Grand Est S    1.550   8/12/2041    EUR   66.416
Senivita Social Esta    8.500   6/30/2025    EUR    0.020
NIBC Bank NV            0.410   1/27/2031    EUR   68.319
Landesbank Hessen-Th    1.300    6/4/2035    EUR   72.641
ALROSA Finance SA       3.100   6/25/2027    USD    9.979
Wirtschafts- und Inf    0.250   8/11/2039    EUR   65.886
Phones4u Finance PLC    9.500    4/1/2018    GBP   74.938
Pongs & Zahn AG         8.500                EUR    0.003
Landesbank Hessen-Th    1.500   7/26/2034    EUR   71.200
BNG Bank NV            10.010   6/17/2025    TRY   57.138
Deutsche Bank AG/Lon   13.750   6/20/2026    TRY   25.153
Getin Noble Bank SA    11.750   5/31/2023    PLN   36.965
Privatbank CJSC Via    10.875   2/28/2018    USD    3.217
Resa SA/Belgium         1.950   7/22/2036    EUR   20.000
International Bank o    8.250   10/9/2024    USD   60.375
KPNQwest NV             8.875    2/1/2008    EUR    0.453
Credit Agricole SA      4.400   2/24/2042    AUD   63.417
Deutsche Bank AG        0.700   10/7/2031    EUR   66.808
DekaBank Deutsche Gi    4.810  12/23/2022    EUR   54.770
Infogroup Holding Kf    3.000   5/20/2031    HUF   61.050
UBS AG/London           7.000   3/31/2023    USD   57.950
Single Platform Inve    1.050   6/25/2044    EUR   62.294
Landeskreditbank Bad    0.547   2/18/2041    EUR   67.855
SG Issuer SA            8.800   7/20/2023    SEK   68.130
MOL Nyrt Kueloenlege    4.950   1/26/2032    HUF   73.430
Societe Generale SA     2.650   1/26/2032    USD   73.199
Bank J Safra Sarasin    7.750  12/22/2022    CHF   67.690
Landesbank Saar         0.710   12/6/2035    EUR   68.039
Deutsche Bank AG        2.000   3/31/2032    USD   73.950
Ville de Paris          1.165    6/9/2053    EUR   61.944
VTB Bank PJSC          11.250    5/6/2037    RUB   74.000
Anselma Issuer SA       1.574  12/31/2038    EUR   64.230
Single Platform Inve    0.950   7/25/2047    EUR   58.446
Region Nouvelle-Aqui    0.630  11/22/2039    EUR   67.272
Cooperatieve Raboban    1.850   3/29/2049    EUR   73.182
Landesbank Baden-Wue    0.310   12/9/2039    EUR   51.557
Credit Suisse AG/Lon   19.500  12/12/2022    USD   45.420
NRW Bank                1.235  12/16/2061    EUR   68.203
Ville de Paris          0.395  12/18/2045    EUR   57.431
Credit Industriel Et    0.900    2/4/2041    EUR   62.621
Agence Francaise de     2.330   2/10/2041    AUD   64.454
Societe Nationale SN    2.931   1/14/2051    AUD   66.962
Bank Vontobel AG       11.500  12/12/2022    EUR   59.300
UBS AG/London           6.750    1/9/2023    CHF   66.850
UBS AG/London           7.850   11/2/2023    USD   47.500
KESZ Holding Busines    4.100  11/17/2031    HUF   74.850
UniCredit Bank AG       0.900   3/24/2036    EUR   68.020
Republic of Austria     0.750   3/20/2051    EUR   64.468
Republic of Ireland     1.200   4/15/2120    EUR   52.336
Kreditanstalt fuer W    0.820   4/15/2050    EUR   70.695
Berlin Hyp AG           0.895   7/20/2050    EUR   66.055
KESZ Holding Busines    2.800   6/17/2031    HUF   69.430
Kingdom of Belgium G    0.400   6/22/2040    EUR   67.218
VTB Bank PJSC           0.010   5/13/2025    RUB   72.010
Landesbank Baden-Wue    1.585   2/22/2034    EUR   74.834
DZ Bank AG Deutsche     0.780    3/5/2030    EUR   72.209
Wirtschafts- und Inf    0.421   3/17/2039    EUR   68.054
Landesbank Hessen-Th    1.806   5/11/2037    EUR   70.392
Kommunekredit           0.100   9/30/2033    DKK   74.363
Credit Suisse AG/Lon    3.214   10/6/2023    SEK    8.690
Daniella Kereskedelm    3.000   7/30/2030    HUF   67.450
Communaute Francaise    1.000   10/8/2069    EUR   51.889
Single Platform Inve    0.780    4/1/2042    EUR   59.795
Rikshem AB              1.910  11/16/2032    NOK   73.485
Kreditanstalt fuer W    0.220  11/19/2035    EUR   72.727
Agence Francaise de     2.360  10/17/2044    AUD   61.861
Alteo Nyrt              3.150  10/28/2029    HUF   59.800
EFG International Fi    9.100   9/20/2023    EUR   36.130
EFG International Fi   10.000   9/20/2023    USD   35.420
National Grid Electr    3.120  12/10/2039    AUD   70.508
Vorosko Kereskedelmi    4.750   1/25/2032    HUF   65.000
State of Rhineland-P    0.100   10/1/2040    EUR   63.553
Deutsche Pfandbriefb    0.765   9/12/2036    EUR   51.206
Wirtschafts- und Inf    0.138   8/23/2044    EUR   56.403
MetMax Europe Zrt       3.000  12/11/2030    HUF   63.400
Ville de Marseille      0.498  12/17/2040    EUR   65.358
Landeskreditbank Bad    1.017   3/15/2061    EUR   62.881
BPCE SFH SA             0.430    5/7/2040    EUR   64.600
Landesbank Hessen-Th    1.035   5/21/2035    EUR   69.500
Department of Val d'    0.390  11/18/2041    EUR   60.771
Landeskreditbank Bad    2.500   5/21/2036    AUD   70.913
Hungary Government I    1.625   4/28/2032    EUR   72.314
Kuntarahoitus Oyj       0.870  10/11/2050    EUR   72.583
UBS AG/London           1.500    2/2/2031    USD   74.666
Wirtschafts- und Inf    0.208   1/28/2043    EUR   59.431
Communaute Francaise    0.750    2/4/2061    EUR   48.057
Skandinaviska Enskil    8.300   7/17/2023    SEK   66.530
Landesbank Baden-Wue    1.050   7/17/2034    EUR   68.380
Landesbank Hessen-Th    1.000    9/3/2035    EUR   69.000
Assistance Publique     0.630   7/30/2042    EUR   63.164
Agence France Locale    0.550   6/20/2040    EUR   67.758
SG Issuer SA            6.130   1/20/2024    SEK   71.120
LBI ehf                 6.100   8/25/2011    USD   10.666
Heta Asset Resolutio    4.350  12/31/2023    EUR    0.776
Veneto Banca SpA        6.950   2/25/2025    EUR    0.579
Landesbank Hessen-Th    0.500   2/14/2035    EUR   70.400
Agrokor dd              8.875    2/1/2020    USD   15.000
Astana Finance BV       7.875    6/8/2010    EUR   16.000
Minicentrales Dos SA    0.010    6/6/2047    EUR   66.743
Deutsche Apotheker-u    1.444    9/1/2036    EUR   71.026
Kuntarahoitus Oyj       0.854   1/14/2060    EUR   66.920
United Kingdom Gilt     0.625   7/31/2035    GBP   71.909
Ringkjoebing Landbob    1.875    6/6/2039    EUR   70.744
Single Platform Inve    1.785   7/30/2042    EUR   73.196
Caisse des Depots et    1.150    2/3/2042    EUR   73.625
Vontobel Financial P    8.000  12/23/2022    EUR   65.090
Bayerische Landesban    2.200   4/26/2024    EUR   69.890
Norddeutsche Landesb    1.450   5/10/2039    EUR   67.247
Nomura Bank Internat    1.415   1/27/2042    EUR   63.977
Societe Generale SA    12.264   11/2/2023    USD   20.000
Credit Agricole Corp   17.520   1/27/2027    TRY   72.133
Assistance Publique     0.750   12/3/2041    EUR   66.061
Single Platform Inve    1.416   2/15/2041    EUR   71.976
MOL Nyrt Kueloenlege    4.950   1/26/2032    HUF   73.430
Bank Vontobel AG        9.250    1/4/2023    CHF   20.700
Landesbank Saar         0.680   3/29/2034    EUR   71.270
Landesbank Hessen-Th    1.000   4/28/2036    EUR   68.520
DZ Bank AG Deutsche     1.850  12/29/2031    EUR   69.880
Credit Suisse AG/Lon    8.000   6/16/2023    USD   32.250
Department of L'Eure    0.643   8/31/2041    EUR   64.656
Sintekom TH OOO        13.000   1/23/2025    RUB   50.500
Credit Suisse AG/Lon    0.900  12/20/2031    EUR   71.830
Liga Bank eG Regensb    0.010   1/29/2036    EUR   66.684
Region de Bruxelles-    0.650   2/15/2061    EUR   47.616
Deutsche Pfandbriefb    1.340  10/16/2051    EUR   73.274
Landesbank Hessen-Th    0.850   2/18/2036    EUR   64.550
Communaute Francaise    0.749   9/16/2080    EUR   55.238
Grupo Isolux Corsan     0.250  12/30/2018    EUR    0.157
Credit Suisse AG/Lon    9.750   4/27/2023    USD   56.530
Reneszansz Kofarago     3.200    4/9/2031    HUF   73.000
Aareal Bank AG          0.570    8/7/2029    EUR   70.979
Raiffeisen-Landesban    1.380   7/24/2059    EUR   70.979
Hypo Vorarlberg Bank    1.022   7/31/2034    EUR   70.863
Department of Val d'    0.735    7/3/2040    EUR   67.673
Agence Metropolitain    0.500    7/7/2035    EUR   74.201
Norddeutsche Landesb    0.900    7/5/2032    EUR   73.509
Skandinaviska Enskil    8.200   1/15/2024    SEK   73.820
Autonomous Community    1.744    7/1/2061    EUR   61.470
HSBC Continental Eur    0.900    3/2/2035    EUR   72.498
Kreditanstalt fuer W    1.201   9/13/2051    EUR   71.101
Deutsche Pfandbriefb    0.710   9/10/2031    EUR   65.726
Leonteq Securities A   10.000  12/13/2022    USD   27.840
Hungary Government B    3.000   8/21/2030    HUF   71.253
Frigoglass Finance B    6.875   2/12/2025    EUR   37.504
Bayerische Landesban    3.100   2/24/2023    EUR   65.470
Barclays Bank PLC       1.750   9/29/2032    USD   65.204
Municipality of Eind    1.134  10/18/2066    EUR   72.854
UniCredit SpA           1.490  10/23/2035    EUR   66.362
SG Issuer SA            2.200   1/10/2025    EUR   71.230
OR PJSC                12.000  11/14/2024    RUB   62.660
Communaute Francaise    0.948  10/11/2059    EUR   58.399
DZ Bank AG Deutsche     0.520  11/23/2033    EUR   73.006
DZ Bank AG Deutsche     0.660  11/23/2035    EUR   70.058
UBS Group AG            2.210  11/24/2035    USD   65.286
Barclays Bank PLC       1.235  11/27/2040    EUR   72.813
Hypo Vorarlberg Bank    0.741  10/16/2036    EUR   64.178
Natixis SA              2.719  10/25/2032    AUD   72.615
Batigere Grand Est S    1.485  10/25/2039    EUR   67.312
Kreditanstalt fuer W    1.027  10/26/2050    EUR   69.378
Ukreximbank Via Biz    10.426    2/9/2023    USD   30.735
Single Platform Inve    1.130    5/1/2030    EUR   73.702
Deutsche Pfandbriefb    1.850   9/20/2032    EUR   69.903
Caisse des Depots et    2.940    3/2/2051    AUD   67.511
Single Platform Inve    1.103   5/25/2052    EUR   57.097
Republic of Ireland     1.230   5/29/2120    EUR   56.901
Societe Generale SA     8.000   5/31/2023    USD   65.775
AutoWallis Nyrt         3.000   4/15/2030    HUF   66.470
UniCredit Bank AG      10.700   2/17/2025    EUR   68.750
Assistance Publique     1.183   4/16/2050    EUR   63.878
Landesbank Baden-Wue    0.980   7/15/2032    EUR   73.673
Region Wallonne Belg    1.222   6/24/2080    EUR   53.481
Oberoesterreichische    0.350   10/9/2041    EUR   63.232
Standard Chartered P    5.925                USD   73.435
SALVATOR Vermoegensv    9.500                EUR    7.900
A-TEC Industries AG     5.750   11/2/2010    EUR    0.100
Bazalgette Finance P    0.688   6/27/2050    GBP   74.523
Premium Green PLC       1.000   7/25/2040    EUR   65.353
Communaute Francaise    1.367   1/20/2070    EUR   66.642
Akademiska Hus AB       2.080   4/17/2045    SEK   72.923
Veneto Banca SpA        6.944   5/15/2025    EUR    0.579
Tonon Luxembourg SA    12.500   5/14/2024    USD    0.399
Pescanova SA            8.750   2/17/2019    EUR    0.319
Bank Otkritie Financ    0.010   9/24/2025    RUB   71.030
Vasakronan AB           2.084   8/26/2030    AUD   73.138
Duna House Holding N    3.000    9/2/2030    HUF   74.050
Wirtschafts- und Inf    0.250    9/8/2037    EUR   66.418
Credit Suisse AG/Lon    7.000   2/10/2023    EUR   68.840
Leonteq Securities A   10.000   7/21/2023    CHF   60.330
Hunland Feed Kft        2.880   7/21/2031    HUF   67.540
Kuntarahoitus Oyj       1.200   7/21/2061    EUR   70.462
Commerzbank AG          2.350   2/24/2042    EUR   66.153
DZ Bank AG Deutsche     4.850  12/23/2022    EUR   57.330
Credit Agricole SA      1.000    4/6/2035    EUR   71.000
Regie Autonome des T    0.938   5/25/2050    EUR   60.200
Autonomous Community    1.550   5/11/2051    EUR   64.234
Nomura Bank Internat    1.380   1/19/2037    EUR   68.592
Credit Suisse AG/Lon   18.250   3/14/2023    CHF   22.470
Single Platform Inve    1.413   3/20/2051    EUR   62.971
Italy Buoni Polienna    0.150   5/15/2051    EUR   71.258
Nederlandse Watersch    1.577   12/9/2039    GBP   71.768
Landesbank Baden-Wue    6.820  12/23/2022    EUR   60.340
Societe Generale SA     2.050   2/22/2031    AUD   68.679
BNG Bank NV             2.000   2/19/2038    AUD   66.767
DZ Bank AG Deutsche     2.150  12/23/2022    EUR   65.760
EFG International Fi   18.000  12/22/2022    CHF   56.380
Single Platform Inve    0.800    4/7/2042    EUR   60.110
Barclays Bank PLC       3.900   2/15/2042    AUD   68.756
Banco Santander SA      1.020    1/4/2034    EUR   70.952
Bank Julius Baer & C    5.700    1/5/2023    CHF   70.000
Credit Suisse AG/Lon    5.800   7/12/2023    USD    7.980
Raiffeisen Schweiz G   18.800  12/27/2022    CHF   63.570
Societe Generale SA     2.670   3/24/2031    AUD   71.971
Caisse des Depots et    2.160   12/7/2050    AUD   56.419
MASTERPLAST Nyrt        2.100  12/21/2027    HUF   68.000
Ville de Paris          0.373  12/21/2044    EUR   58.751
Aktia Bank Oyj          0.850  12/21/2040    EUR   65.746
Kreditanstalt fuer W    0.816  12/19/2050    EUR   66.268
Assistance Publique     1.053   5/25/2052    EUR   59.770
Landesbank Saar         0.720   6/29/2035    EUR   68.773
Wirtschafts- und Inf    0.350   3/31/2036    EUR   71.149
Corner Banca SA        12.800   12/7/2022    CHF   47.220
Basler Kantonalbank    10.000   12/8/2022    CHF   62.940
Barclays Bank PLC       6.400   6/16/2031    MXN   65.805
Ville de Marseille      1.079  11/19/2046    EUR   67.090
Belfius Bank SA         0.125   6/19/2034    EUR   73.068
Corner Banca SA        10.000  11/30/2022    CHF   59.520
Bazalgette Finance P    0.174   5/16/2049    GBP   72.554
Landesbank Baden-Wue    1.500   4/16/2039    EUR   71.470
Bank Vontobel AG       11.000    2/6/2023    CHF   32.400
DekaBank Deutsche Gi    1.585  12/28/2035    EUR   60.801
Standard Chartered B    3.040   1/18/2042    USD   71.560
Bank J Safra Sarasin   12.400  12/28/2022    CHF   58.130
SR-Boligkreditt AS      1.252   12/2/2041    EUR   74.913
Landesbank Hessen-Th    0.500   12/3/2031    EUR   73.217
Zurcher Kantonalbank    7.500   1/10/2023    CHF   63.770
Region de Bruxelles-    0.900   4/14/2050    EUR   59.567
Kuntarahoitus Oyj       1.300    4/8/2061    EUR   71.889
Region Auvergne-Rhon    0.805   7/26/2039    EUR   70.064
Region Auvergne-Rhon    0.697    8/2/2036    EUR   74.137
Raiffeisen Switzerla    5.300   6/14/2023    CHF   69.070
Kingdom of Belgium G    0.675    7/7/2080    EUR   39.824
Credit Suisse AG/Lon    5.880   6/28/2023    USD    8.510
UniCredit Bank AG      15.050   4/28/2023    EUR   44.700
DZ Bank AG Deutsche     4.000   6/23/2023    EUR   62.390
Credit Suisse AG/Lon    2.100   3/15/2037    EUR   72.696
Single Platform Inve    0.803   3/20/2041    EUR   60.921
Single Platform Inve    0.885   7/24/2036    EUR   69.074
Kreditanstalt fuer W    1.208   3/10/2051    EUR   73.996
Barclays Bank PLC       2.550   3/18/2031    AUD   73.712
DZ Bank AG Deutsche     1.000   2/18/2032    EUR   67.209
Republic of Ireland     0.740   9/22/2078    EUR   51.414
Landesbank Baden-Wue    0.690   10/8/2035    EUR   62.089
Norddeutsche Landesb    1.000  10/26/2035    EUR   66.944
Region Wallonne Belg    1.272   10/3/2040    EUR   73.541
Nederlandse Watersch    0.750   10/4/2041    EUR   70.376
SG Issuer SA            2.910   10/8/2034    AUD   67.198
Credit Industriel Et    2.160  10/29/2035    USD   67.736
Oberoesterreichische    0.285   11/6/2042    EUR   60.777
Nederlandse Watersch    0.190   11/2/2050    EUR   56.279
Single Platform Inve    1.200  11/15/2037    EUR   70.245
Bayerische Landesban    2.150   1/27/2023    EUR   43.300
Landesbank Baden-Wue    0.500   1/17/2040    EUR   66.210
Skandinaviska Enskil    5.750   1/15/2025    SEK   67.550
Wirtschafts- und Inf    0.395   9/23/2038    EUR   67.881
Landesbank Baden-Wue    0.500  10/18/2039    EUR   65.740
State of Hesse          0.100   10/1/2037    EUR   65.949
Kuntarahoitus Oyj       0.514   10/7/2039    EUR   71.564
Erste Group Bank AG     1.065   5/17/2041    EUR   63.308
Societe Generale SA     2.360   5/25/2031    USD   73.199
Kommunekredit           1.375   5/18/2046    SEK   71.376
Kreditanstalt fuer W    1.271   5/20/2051    EUR   73.749
Landesbank Hessen-Th    1.050  11/17/2060    EUR   63.578
State of Brandenburg    0.300  11/17/2045    EUR   60.484
Hungary Government I    1.500  11/17/2050    EUR   49.684
Credit Agricole Corp    9.450    3/8/2027    TRY   50.014
Region Auvergne-Rhon    0.493  10/23/2037    EUR   69.298
Landesbank Hessen-Th    1.100  12/27/2034    EUR   70.900
Single Platform Inve    0.887   9/20/2039    EUR   64.923
DZ Bank AG Deutsche     2.000  12/23/2022    EUR   63.010
Bayerische Landesban    0.800  10/16/2036    EUR   62.880
Wirtschafts- und Inf    0.250   9/16/2037    EUR   66.389
Societe Generale SA     2.880   9/10/2034    AUD   65.006
Wirtschafts- und Inf    0.267   8/29/2044    EUR   57.876
Kreditanstalt fuer W    0.880   12/7/2050    EUR   66.934
UniCredit SpA           0.725  11/27/2030    EUR   71.318
Serbia International    2.125   12/1/2030    USD   72.970
Credit Agricole Corp    3.020   4/22/2036    AUD   73.458
Kreditanstalt fuer W    1.000   4/27/2041    EUR   73.743
Landesbank Baden-Wue    0.210   2/26/2031    EUR   70.501
NRW Bank                1.070   3/10/2051    EUR   68.742
Societe Generale SFH    0.570   3/15/2036    EUR   73.488
Landesbank Baden-Wue    0.850   5/27/2033    EUR   70.244
Single Platform Inve    1.425   5/25/2052    EUR   63.399
Region Wallonne Belg    1.550   4/28/2120    EUR   55.268
CDC Habitat SEM         1.043   5/12/2036    EUR   67.553
Deutsche Bank AG        0.510   9/16/2031    EUR   73.853
State of Saxony-Anha    0.475   9/30/2050    EUR   60.843
OR PJSC                11.000  12/29/2024    RUB    4.980
Ukraine Government B    3.700   6/22/2023    USD   68.029
Region Auvergne-Rhon    0.530   9/29/2036    EUR   71.949
Emissionszentrale fu    0.150    9/9/2041    CHF   74.504
BNG Bank NV             0.680    3/4/2050    EUR   56.760
NRW Bank                1.021   8/11/2051    EUR   68.435
Oberbank AG             0.230   10/7/2041    EUR   61.891
Bibby Offshore Servi    7.500   6/15/2021    GBP   11.625
Vasakronan AB           2.400   6/20/2044    SEK   68.392
Peine GmbH              2.000    7/5/2023    EUR   44.500
Mifa Mitteldeutsche     7.500   8/12/2018    EUR    2.120
Hypo Tirol Bank AG      1.010   1/20/2040    EUR   73.010
Norske Skog Holding     8.000   2/24/2021    EUR    0.006
United Kingdom Gilt     1.250  10/22/2041    GBP   69.852
DekaBank Deutsche Gi    1.300   4/23/2035    EUR   72.331
Deutsche Bank AG        2.480  12/10/2035    EUR   71.151
Aareal Bank AG          1.800   7/21/2036    EUR   74.646
State Savings Bank o   10.186   1/19/2024    USD   32.523
OR PJSC                11.500   7/28/2024    RUB    5.800
KPNQwest NV            10.000   3/15/2012    EUR    0.453
Landesbank Baden-Wue    1.000    6/5/2039    EUR   69.850
Nederlandse Watersch    0.964   6/11/2059    EUR   66.017
Baromfi-Coop Termelo    3.000   7/19/2031    HUF   64.200
Societe Generale SA     8.760   7/31/2024    USD   37.800
Credit Suisse AG/Lon   10.920   2/16/2023    GBP   63.390
Corner Banca SA        14.000   2/14/2023    CHF   58.180
BPCE SA                 2.250   3/13/2040    AUD   48.760
Kuntarahoitus Oyj       0.448   3/19/2040    EUR   63.296
Landesbank Hessen-Th    0.900   6/10/2036    EUR   67.549
Landwirtschaftliche     0.400   7/29/2036    EUR   73.536
Ukraine Government B    3.900   3/30/2023    USD   74.583
Societe Generale SA    12.500  12/14/2023    USD   33.500
Single Platform Inve    1.233   6/25/2044    EUR   67.100
Sberbank of Russia P    0.010   3/27/2028    RUB   61.800
Leonteq Securities A    6.000   2/20/2023    CHF   49.390
Vasakronan AB           2.533   1/28/2044    EUR   57.289
Bank Julius Baer & C   10.500   2/16/2023    USD   72.250
Purple Protected Ass    1.518   1/25/2061    EUR   65.466
DZ Bank AG Deutsche     3.900   3/24/2023    EUR   67.390
Finland Government B    0.125   4/15/2052    EUR   53.632
DZ Bank AG Deutsche    10.900   3/24/2023    EUR   48.230
Purple Protected Ass    1.565  12/23/2060    EUR   63.330
Norddeutsche Landesb    1.600    8/1/2039    EUR   68.056
HSBC Continental Eur    1.500   7/26/2049    EUR   68.183
Batigere Grand Est S    1.800   8/12/2050    EUR   66.669
UBS AG/London           8.000    3/9/2027    USD    9.300
Region de Bruxelles-    0.500   6/22/2040    EUR   64.794
Bayerische Landesban    1.000   3/22/2024    EUR   54.950
Spain Government Bon    1.000   7/30/2042    EUR   68.219
SG Issuer SA            5.000    4/2/2024    EUR   53.690
Single Platform Inve    0.950   5/17/2038    EUR   66.914
Luminis SA              1.800    9/2/2059    EUR   52.425
Uliving@Essex2 Issue    0.100   8/31/2063    GBP   72.543
Cie Generale de Navi    0.350  12/29/2056    CHF   63.314
Landesbank Baden-Wue    0.540   10/7/2031    EUR   72.390
Transports Publics N    0.320  10/28/2037    CHF   68.324
Bayerische Landesbod    0.030  10/22/2035    EUR   70.787
Caisse des Depots et    0.750   11/6/2048    EUR   64.627
Caisse des Depots et    1.114   9/20/2049    EUR   71.030
Single Platform Inve    1.000   7/15/2036    EUR   70.239
Republic of Ireland     1.180   5/25/2087    EUR   62.749
Credit Suisse AG/Lon    1.600  11/27/2030    USD   65.884
Landesbank Hessen-Th    1.000  12/28/2035    EUR   67.400
Credit Agricole Corp    2.650   1/29/2035    AUD   72.097
Nederlandse Watersch    0.996   11/4/2049    EUR   69.751
Single Platform Inve    0.462   2/15/2040    EUR   59.408
Department of Bouche    0.482  10/20/2045    EUR   56.682
Land Thueringen         1.100    7/3/2047    EUR   74.660
HSBC Continental Eur    1.385  11/18/2039    EUR   71.335
Caisse des Depots et    0.982   11/6/2050    EUR   68.349
TKK OOO                10.900  12/31/2033    RUB   60.100
Credit Suisse AG/Lon    5.000   3/29/2023    USD    9.500
Corestate Capital Ho    3.500   4/15/2023    EUR    5.522
Otthon Centrum Holdi    3.000   4/19/2031    HUF   69.700
UBS Group AG            2.490    3/4/2036    USD   67.201
NRW Bank                1.180    3/3/2051    EUR   74.294
Batigere Grand Est S    2.030   5/29/2070    EUR   72.001
Landesbank Baden-Wue    0.850   6/15/2035    EUR   64.240
Assistance Publique     0.666   3/19/2040    EUR   67.219
Kommunalkredit Austr    1.183    6/2/2031    EUR   74.619
ING Bank NV             2.220   1/20/2036    USD   70.350
French Republic Gove    0.500   5/25/2072    EUR   45.734
Deutsche Bank AG/Lon   14.900   5/30/2028    TRY   59.521
Metropole de Lyon       0.466   12/7/2046    EUR   54.988
Department of Bouche    0.467   12/8/2044    EUR   57.569
Landesbank Hessen-Th    0.900  10/22/2035    EUR   68.118
SpareBank 1 SR-Bank     0.970   10/9/2040    EUR   65.884
Department of Bouche    0.500   10/5/2043    EUR   59.637
Department of Bouche    0.457   10/8/2040    EUR   63.513
Department of Bouche    0.450  10/15/2041    EUR   61.763
Centrosolar Group AG    7.000   2/15/2016    EUR    2.505
Tonon Luxembourg SA    12.500   5/14/2024    USD    0.399
Fuerstenberg Capital    5.625                EUR   66.731
Societe Generale SA     4.740   3/24/2030    USD   72.140
BNP Paribas SA          1.000   1/23/2040    MXN   19.539
AK BARS Bank Via AK     8.000   7/13/2022    USD   31.081
Bayerische Landesban    2.300   2/24/2023    EUR   46.780
COFIDUR SA              0.100  12/31/2024    EUR   25.300
SAir Group              4.250    2/2/2007    CHF   12.345
Barclays Bank PLC       2.000   6/12/2029    TRY   21.078
Zurcher Kantonalbank    7.500   7/26/2023    EUR   55.780
Region de Bruxelles-    1.310  12/15/2069    EUR   59.227
Bank Julius Baer & C   14.500   1/13/2023    USD   31.000
Societe Generale SA    21.000    5/1/2025    USD   42.300
Credit Suisse AG/Lon   19.250   12/8/2022    CHF   46.720
Raiffeisen Centroban    7.500    9/1/2023    EUR   38.020
Illes Holding Zrt       5.000   2/22/2032    HUF   71.700
Credit Suisse AG/Lon    9.000    5/3/2023    CHF   74.720
Zurcher Kantonalbank   12.500   2/16/2023    USD   66.510
Deutsche Bank AG        0.610   9/30/2031    EUR   74.620
AutoWallis Nyrt         3.000   7/27/2031    HUF   61.500
National Treasury Ma    1.190   10/7/2101    EUR   57.204
Citigroup Global Mar    2.650   3/17/2040    USD   69.307
Bayerische Landesban    0.490    4/9/2035    EUR   62.632
Barclays Bank PLC       2.000    5/7/2036    MXN   19.208
Region de Bruxelles-    1.040    5/3/2061    EUR   58.687
UBS AG/London           5.520   4/29/2041    USD   43.610
Landesbank Hessen-Th    2.400    6/9/2036    EUR   64.350
Landshypotek Bank AB    1.680   1/20/2042    SEK   74.746
Credit Suisse AG/Lon   12.000   1/31/2023    USD   65.940
UBS AG/London          19.250   1/26/2023    USD   57.150
Santander Consumer B    8.100                NOK   56.499
DekaBank Deutsche Gi    3.350  11/28/2022    EUR   48.510
Region Occitanie        1.339   3/21/2042    EUR   73.784
Landesbank Baden-Wue    0.150   8/11/2031    EUR   74.618
Single Platform Inve    1.690   7/25/2053    EUR   69.621
Danske Bank A/S         6.600    1/9/2027    SEK   72.280
Befimmo SA              1.269   2/24/2031    EUR   70.886
Kreditanstalt fuer W    0.680   2/23/2051    EUR   67.681
Norddeutsche Landesb    0.600   2/24/2031    EUR   74.777
Leonteq Securities A   14.000    2/8/2023    USD   28.300
Swissquote Bank SA     27.000   8/15/2023    CHF   55.210
OR PJSC                16.000  11/26/2025    RUB   23.030
Wirtschafts- und Inf    0.321   2/18/2041    EUR   63.859
SG Issuer SA            5.500   1/20/2025    SEK   70.750
SG Issuer SA            8.410   1/20/2027    SEK   49.590
Parnassia Groep BV      1.470   12/3/2046    EUR   61.565
Credit Suisse AG/Lon   13.500  11/28/2022    CHF    8.370
Credit Suisse AG/Lon   15.000  11/29/2022    USD    8.110
Norddeutsche Landesb    1.500   3/16/2037    EUR   70.904
Greenergy Holding Va    3.000   9/21/2031    HUF   65.596
Single Platform Inve    1.010   3/20/2051    EUR   57.143
Societe Generale SA    12.000   7/14/2026    USD   24.980
Zurcher Kantonalbank   11.500   2/23/2023    USD   73.270
Single Platform Inve    0.767   2/15/2041    EUR   61.652
Landesbank Baden-Wue    0.350   1/20/2031    EUR   73.170
Office Public De L'H    1.700  12/22/2060    EUR   72.037
DZ Bank AG Deutsche     0.500    5/4/2034    EUR   72.032
Credit Agricole Corp    2.750  12/12/2034    AUD   72.883
Societe Generale SA    15.800   12/5/2024    USD   50.300
Bayerische Landesban    1.680  12/18/2037    EUR   70.619
Bank Vontobel AG       15.000  11/28/2022    CHF   47.600
Ville de Paris          0.921   5/26/2053    EUR   58.333
Landesbank Baden-Wue    4.734   1/30/2034    EUR   73.920
Societe Generale SA    17.000    7/3/2024    USD   20.590
Banque Federative du    2.460    6/7/2032    AUD   72.105
Merrill Lynch BV        2.510   8/25/2036    USD   73.142
Norddeutsche Landesb    0.400   8/23/2030    EUR   74.992
Kommunekredit           0.342    9/1/2042    EUR   65.091
Single Platform Inve    0.908   2/15/2041    EUR   63.081
UniCredit Bank AG       6.600   7/20/2028    EUR   16.820
Region Nouvelle-Aqui    0.814  11/22/2044    EUR   63.058
Credit Suisse AG/Lon    7.500   3/29/2023    CHF   67.900
Merrill Lynch BV        2.580   8/11/2036    AUD   66.000
OR PJSC                16.000  11/22/2025    RUB   20.030
Credit Suisse AG/Lon    8.500  12/15/2022    EUR   36.930
Metropole de Lyon       0.500  12/28/2048    EUR   53.028
BNP Paribas SA          1.660   2/26/2031    USD   71.144
Aktia Bank Oyj          0.690    2/4/2036    EUR   70.191
Societe Generale SA    20.000   2/29/2024    USD    4.430
Kreditanstalt fuer W    0.160   2/16/2036    EUR   71.076
NRW Bank                0.642    2/9/2051    EUR   65.193
Grand Delta Habitat     1.750  10/28/2061    EUR   72.003
UBS AG/London          16.300    1/8/2024    EUR   12.360
Barclays Bank PLC       2.320   1/11/2041    USD   58.587
DZ Bank AG Deutsche    15.200   6/23/2023    EUR   33.010
Credit Suisse AG/Lon    7.500    1/5/2023    CHF   67.060
Credit Suisse AG/Lon    8.250  12/14/2022    USD   67.370
Muenchener Hypotheke    0.420  11/16/2033    EUR   71.514
OR PJSC                13.500  10/22/2025    RUB   12.210
Societe Generale SA    11.000  11/22/2024    USD   33.800
UBS AG/London          12.000   11/6/2023    USD   73.300
SAir Group              5.125    3/1/2003    CHF   12.750
Tonon Luxembourg SA     9.250   1/24/2020    USD    0.500
UBS AG/London          23.250   8/15/2025    USD    8.400
Landesbank Hessen-Th    1.300   4/30/2035    EUR   72.810
Single Platform Inve    0.955   2/15/2041    EUR   63.304
State of Rhineland-P    0.500   7/30/2036    EUR   74.694
OPUS TIGAZ Gazhaloza    2.800   3/24/2031    HUF   70.000
SG Issuer SA            1.750   11/9/2033    EUR   74.960
Corner Banca SA        15.000  12/14/2022    USD   71.780
Santander Internatio    2.770    7/2/2035    USD   67.351
Agence Francaise de     0.714   7/10/2045    EUR   64.617
BNP Paribas SA          3.590   7/20/2040    AUD   70.799
Region de Bruxelles-    1.250   1/10/2060    EUR   61.062
Lloyds Bank PLC         2.560    9/4/2038    SEK   74.977
SG Issuer SA            8.120   7/20/2023    SEK   66.840
DZ Bank AG Deutsche     0.520   6/23/2031    EUR   74.895
Deutsche Bank AG        4.210  10/29/2031    EUR   73.640
Credit Suisse AG/Lon   17.316   6/21/2024    USD   28.900
Credit Agricole Corp    1.190   2/26/2040    EUR   65.607
Spain Government Bon    1.000  10/31/2050    EUR   59.677
Republic of Ireland     1.020   9/10/2086    EUR   57.594
Landeskreditbank Bad    0.812  12/16/2060    EUR   55.801
Ville de Paris          0.963    6/8/2050    EUR   62.626
Department of Girond    0.900  12/15/2039    EUR   70.687
Republic of Ireland     1.230    6/1/2120    EUR   58.391
UBS AG/London           8.500  12/16/2022    EUR   53.550
Landesbank Baden-Wue    0.510  10/14/2030    EUR   74.864
Societe Generale SA     8.000  11/30/2032    USD   66.230
Landesbank Baden-Wue    4.734   3/14/2034    EUR   75.000
Bayerische Landesban    2.350   2/23/2024    EUR   46.730
Single Platform Inve    0.853   3/20/2040    EUR   63.035
Aareal Bank AG          0.625   9/16/2030    EUR   67.143
Region Wallonne Belg    1.305   9/29/2041    EUR   72.708
Credit Suisse AG/Nas    3.750  10/20/2036    USD   68.131
Credit Suisse AG/Lon    2.500   10/7/2025    SEK   25.690
Deutsche Bank AG/Lon    0.500  10/18/2038    MXN   16.594
Landesbank Baden-Wue    1.500   4/24/2039    EUR   70.060
Ville de Paris          0.464   8/20/2040    EUR   65.021
Collectivite Europee    0.200   11/5/2035    EUR   70.336
Landesbank Hessen-Th    0.600  11/26/2035    EUR   65.095
Bayerische Landesban    1.020  11/12/2035    EUR   66.542
Landesbank Baden-Wue    0.500   12/2/2039    EUR   66.840
Societe Generale SA     1.290  12/19/2034    EUR   73.044
Skandinaviska Enskil    6.400   1/15/2025    SEK   60.790
Credit Mutuel Arkea     1.165   9/23/2039    EUR   63.740
Credit Suisse AG/Lon    2.449   5/18/2036    EUR   74.230
Region de Bruxelles-    0.845   9/30/2059    EUR   52.329
Norddeutsche Landesb    1.350  10/20/2038    EUR   67.358
Landesbank Baden-Wue    0.550   11/9/2032    EUR   70.451
ENVIEN Magyarorszag     2.500   5/18/2031    HUF   68.130
Caisse des Depots et    0.930   11/9/2050    EUR   66.687
Kreditanstalt fuer W    0.210  11/18/2037    EUR   67.584
Purple Protected Ass    1.480  11/30/2060    EUR   54.735
Landesbank Saar         0.540  11/18/2033    EUR   70.344
Kuntarahoitus Oyj       1.155  11/19/2060    EUR   63.836
Landesbank Baden-Wue    0.430   12/9/2030    EUR   73.933
Bayerische Landesban    1.690   4/23/2037    EUR   71.463
Societe Generale SA     3.820   4/26/2039    AUD   66.667
OR PJSC                12.600   9/28/2025    RUB    5.620
Market Epito Zrt        2.950  10/22/2029    HUF   68.000
Credit Agricole Corp    2.810  10/29/2034    AUD   73.639
Landesbank Baden-Wue    0.400   11/8/2039    EUR   65.130
Ringkjoebing Landbob    1.100  10/30/2035    EUR   67.000
Kreditanstalt fuer W    0.788   11/4/2039    EUR   73.868
DZ HYP AG               1.033   12/6/2049    EUR   67.806
Landesbank Baden-Wue    0.500  12/23/2039    EUR   66.360
HSBC Continental Eur    0.800  12/13/2034    EUR   72.927
Skandinaviska Enskil    7.450   1/15/2025    SEK   63.160
Pick Szeged Szalamig    2.000   12/6/2029    HUF   64.250
Landesbank Baden-Wue    0.500    9/5/2039    EUR   66.610
Credit Agricole Corp    2.950   8/22/2039    AUD   68.389
Landesbank Baden-Wue    1.750   5/15/2039    EUR   68.940
Landesbank Baden-Wue    1.250   5/15/2039    EUR   69.840
DZ Bank AG Deutsche     0.700   11/2/2035    EUR   70.562
Single Platform Inve    1.163   5/25/2066    EUR   53.055
Nederlandse Watersch    0.230  10/22/2035    EUR   72.336
Zurcher Kantonalbank   19.000   1/18/2023    USD   60.580
Citigroup Global Mar    2.930   9/15/2025    EUR   40.900
NRW Bank                0.510   9/23/2039    EUR   69.028
Deutsche Pfandbriefb    0.903  11/19/2029    EUR   72.210
Bayerische Landesban    0.820  11/29/2033    EUR   69.397
Bayerische Landesban    0.870  11/29/2034    EUR   66.487
UBS AG/London           2.700   9/16/2044    AUD   61.192
Single Platform Inve    1.260   1/22/2049    EUR   60.677
UBS AG/London           2.630    9/3/2044    AUD   60.347
Nomura Bank Internat    0.400   12/3/2030    EUR   72.721
DZ Bank AG Deutsche     0.640   12/7/2035    EUR   69.832
Ville de Marseille      0.509  12/17/2041    EUR   64.134
Muenchener Hypotheke    0.805   4/16/2036    EUR   65.457
Republic of Austria     0.700   4/20/2071    EUR   51.126
Credit Agricole SA      3.610   4/20/2036    AUD   64.470
Societe Generale SA     3.100   4/22/2036    AUD   64.640
Opus Global Nyrt        3.200   4/29/2031    HUF   71.000
Stichting Afwikkelin    8.450   8/20/2018    USD   45.375
Muenchener Hypotheke    1.000   6/30/2037    EUR   65.462
Barclays Bank PLC       7.830   7/26/2038    MXN   54.687
Luzerner Kantonalban    6.000    7/6/2023    EUR   47.620
Purple Protected Ass    1.570   4/30/2061    EUR   66.874
Barclays Bank PLC       3.020   3/26/2051    USD   67.962
Credit Agricole Corp    2.610   7/27/2050    USD   61.433
Proximus SADP           1.500   5/14/2040    EUR   70.018
Region Bourgogne-Fra    0.270   12/7/2035    EUR   70.882
Region Bourgogne-Fra    0.397   12/3/2045    EUR   55.156
UBS AG/London           7.000  11/28/2022    CHF   43.600
Hypo Tirol Bank AG      1.090   1/21/2041    EUR   63.685
Goldman Sachs & Co W    5.000  12/21/2022    EUR   73.200
AB Booster Capital L    2.000    3/8/2032    USD   66.368
SG Issuer SA            1.250   2/28/2033    EUR   55.340
Oberoesterreichische    0.705   1/29/2036    EUR   64.478
Hypo Vorarlberg Bank    6.125                EUR   74.900
Nomura Bank Internat    1.150   10/6/2036    EUR   66.090
Region Wallonne Belg    0.970   6/24/2043    EUR   64.940
Societe Generale SA    20.000   8/31/2023    USD   12.780
Societe Generale SA     3.700  10/23/2037    USD   68.216
Pannon Work Szemelyz    3.000  10/30/2030    HUF   64.150
DVM Construction Fov    3.000   7/29/2030    HUF   60.200
Landesbank Hessen-Th    0.750   8/14/2034    EUR   69.396
Oberoesterreichische    0.763  12/15/2050    EUR   62.715
LBI ehf                 7.431                USD    0.001
Lloyds Bank PLC         2.480    7/5/2038    SEK   74.287
SG Issuer SA            8.300   7/21/2025    SEK   46.680
EFG International Fi   10.000   2/13/2023    USD   59.550
Bayerische Landesban    0.940   7/16/2032    EUR   74.455
Lehman Brothers Trea   10.442  11/22/2008    CHF    0.100
Opus Global Nyrt        2.800  10/29/2029    HUF   69.500
Single Platform Inve    1.117   5/25/2066    EUR   51.691
Zurcher Kantonalbank   18.200   1/18/2023    USD   74.330
Hema Bondco II BV       8.500   1/15/2023    EUR    1.194
Russian Post FGUP       2.750   12/6/2023    RUB   60.080
SAG Solarstrom AG       6.250  12/14/2015    EUR   31.000
SAG Solarstrom AG       7.500   7/10/2017    EUR   31.000
Sidetur Finance BV     10.000   4/20/2016    USD    0.770
Landesbank Baden-Wue    0.750   4/24/2034    EUR   74.830
Landesbank Baden-Wue    1.000   4/24/2034    EUR   74.740
Landesbank Baden-Wue    1.250   4/24/2039    EUR   69.660
Vasakronan AB           1.700   6/28/2044    EUR   61.817
Royal Schiphol Group    3.090    7/1/2034    AUD   72.060
Hamburg Commercial B    3.000   7/17/2035    EUR   71.159
Banca Popolare di Vi    9.500   10/2/2025    EUR    0.207
DZ Bank AG Deutsche     2.200   6/24/2026    EUR   71.200
Lehman Brothers Trea    4.734   3/16/2035    EUR    0.100
Meta Wolf AG            6.750   3/10/2005    DEM    0.121
Lehman Brothers Trea   14.900   9/15/2008    EUR    0.100
Bulgaria Steel Finan   12.000    5/4/2013    EUR    0.216
Espirito Santo Finan    5.125   5/30/2016    EUR    0.528
Russian Railways JSC   18.830  11/29/2028    RUB   55.010
Elli Investments Ltd   12.250   6/15/2020    GBP   52.250
Hypo Vorarlberg Bank    1.020   1/17/2035    EUR   69.684
Aareal Bank AG          1.741   1/12/2045    EUR   69.206
State of North Rhine    0.880   7/12/2040    EUR   73.645
Decipher Production    12.500   9/27/2019    USD    1.500
Gebr Sanders GmbH &     8.750  10/22/2018    EUR    9.375
WEB Windenergie AG      6.500                EUR    0.010
WEB Windenergie AG      6.250                EUR    0.010
LBI ehf                 8.650    5/1/2011    ISK   10.625
Standard Chartered B    0.500   9/11/2040    JPY   62.089
Cie de Financement F    1.101   5/17/2039    EUR   74.376
Landesbank Baden-Wue    1.250    6/5/2039    EUR   69.250
Landesbank Baden-Wue    1.000   6/26/2039    EUR   68.990
Landesbank Baden-Wue    1.250   6/26/2039    EUR   68.140
Vontobel Financial P   18.500  12/23/2022    EUR   70.080
Harp Issuer PLC         1.400   2/14/2032    USD   68.365
Luzerner Kantonalban   11.000   12/8/2022    CHF   70.770
Romanian Government     2.875   4/13/2042    EUR   58.334
Kometa 99 Elelmiszer    5.000   2/21/2032    HUF   71.700
UBS AG/London           0.120   5/25/2040    MXN   12.737
Caisse des Depots et    1.290    5/5/2051    EUR   73.148
Raiffeisen Switzerla   20.000    1/6/2023    CHF   65.790
Single Platform Inve    1.510   2/13/2043    EUR   68.916
Landesbank Baden-Wue    2.720   6/23/2023    EUR   69.860
Barclays Bank PLC       1.450   9/24/2038    MXN   23.085
DZ Bank AG Deutsche     1.370  12/30/2030    EUR   74.420
Landesbank Baden-Wue    5.690   2/24/2023    EUR   59.510
Vontobel Financial P    3.650   12/6/2022    EUR   58.380
Spain Government Bon    1.450  10/31/2071    EUR   55.458
Single Platform Inve    0.946   5/25/2036    EUR   70.027
DZ Bank AG Deutsche    10.500  12/23/2022    EUR   47.670
Single Platform Inve    1.390   6/25/2044    EUR   66.280
Deutsche Bank AG        2.530   10/7/2036    USD   67.343
Corner Banca SA        20.000  12/13/2022    CHF   61.070
Credit Suisse AG/Lon    9.500   12/7/2022    USD   49.390
Leonteq Securities A   17.000    3/7/2023    CHF   24.270
Landesbank Hessen-Th    2.000   3/10/2037    EUR   74.000
Credit Suisse AG/Lon    8.500    3/1/2023    CHF   54.450
Raiffeisenlandesbank    0.725   8/27/2041    EUR   68.597
Agrar Mezogazdasagi     2.900   8/24/2031    HUF   67.390
Bank Vontobel AG        6.250    5/7/2024    CHF   66.800
Vasakronan AB           2.390   1/17/2039    EUR   59.734
Landesbank Baden-Wue    0.150   9/20/2030    EUR   73.411
UBS AG/London           8.250  11/19/2026    EUR   68.490
Citigroup Global Mar    7.200   5/24/2023    SEK   69.220
Bank Vontobel AG       11.000    2/6/2023    EUR   32.800
Muenchener Hypotheke    0.100   8/14/2034    EUR   72.261
Leonteq Securities A   14.000  12/20/2022    EUR   49.800
Landesbank Baden-Wue    0.490  12/23/2030    EUR   74.259
Single Platform Inve    1.180    4/1/2039    EUR   68.366
Landesbank Hessen-Th    2.400   3/22/2052    EUR   73.041
Leonteq Securities A   23.400   1/18/2023    CHF   30.060
Vontobel Financial P    3.000  12/23/2022    EUR   64.940
Region Provence-Alpe    0.623  10/15/2035    EUR   74.509
Landesbank Baden-Wue    0.360  12/30/2030    EUR   73.350
Agence Francaise de     0.368   1/12/2046    EUR   58.506
Municipality of Leva    0.750  11/17/2036    EUR   74.001
Societe Generale SA     3.310  11/29/2033    AUD   71.165
Grupo Isolux Corsan     6.000  12/30/2021    EUR    0.253
UBS AG/London          13.250    4/6/2023    USD   52.900
Landesbank Baden-Wue    2.900  12/23/2022    EUR   60.420
SAir Group              6.250  10/27/2002    CHF   12.345
Italy Buoni Polienna    2.150    3/1/2072    EUR   65.168
Basler Kantonalbank     7.600   4/13/2023    CHF   53.600
Specialized Financia   15.342   2/15/2031    RUB   70.000
Kalita OOO             15.000   9/12/2023    RUB    3.070
Region Auvergne-Rhon    0.645    4/9/2040    EUR   66.849
State of Hesse          0.375    4/9/2040    EUR   66.180
Alfa-Bank AO           11.750                RUB   75.000
UBS AG/London          12.500  12/16/2022    CHF   40.500
Credit Agricole Corp   10.200    8/6/2026    TRY   54.358
Landesbank Baden-Wue    0.660   10/9/2034    EUR   64.059
Credit Suisse AG/Lon    3.500   3/28/2032    USD   73.757
Single Platform Inve    1.490   3/20/2051    EUR   63.311
Region de Bruxelles-    0.256   2/26/2035    EUR   71.535
Ministeries Van de V    1.053    6/3/2050    EUR   61.517
BNG Bank NV             1.040  11/28/2047    EUR   68.277
Landesbank Hessen-Th    0.750    4/9/2035    EUR   67.765
DZ Bank AG Deutsche     0.570  12/30/2030    EUR   75.000
Credit Agricole Corp    3.200   3/19/2041    AUD   69.749
Senvion Holding GmbH    3.875  10/25/2022    EUR    0.310
AKB Peresvet ZAO        0.510   2/14/2032    RUB   15.010
Credit Suisse AG/Lon    3.880  10/31/2036    USD   66.340
Hemso Fastighets AB     1.800    5/5/2032    EUR   71.051
Landesbank Baden-Wue    0.380  11/18/2030    EUR   73.727
Landesbank Baden-Wue    0.460  10/28/2030    EUR   74.424
Bayerische Landesban    1.400   1/26/2024    EUR   66.300
Single Platform Inve    0.745   2/15/2047    EUR   54.743
Raiffeisen Schweiz G    8.000   7/19/2023    USD   39.340
Region de Bruxelles-    1.100   5/25/2051    EUR   63.692
Landesbank Saar         0.835   2/19/2035    EUR   70.183
Barclays Bank PLC       1.382  11/27/2045    EUR   72.983
DZ Bank AG Deutsche     0.700  11/30/2035    EUR   70.677
Barclays Bank PLC       0.500   10/1/2031    TRY    9.696
Bayerische Landesban    0.650  12/22/2023    EUR   52.260
Commerzbank AG          1.219  12/12/2039    EUR   66.787
Norddeutsche Landesb    0.650  11/18/2030    EUR   74.992
Caisse des Depots et    1.022   9/13/2049    EUR   67.830
Natixis SA              3.000   8/28/2049    AUD   58.332
Department of Bouche    0.432    2/1/2046    EUR   55.506
United Utilities Wat    0.387   10/5/2057    GBP   69.602
Department of Bouche    0.490   12/8/2045    EUR   56.641
BPCE SA                 2.285   12/3/2035    AUD   54.991
Raiffeisen Switzerla    3.000  11/28/2023    USD   68.000
Communication Techno    5.250   1/27/2032    HUF   65.000
Caisse des Depots et    1.300   4/28/2051    EUR   70.163
Kreditanstalt fuer W    0.935  12/16/2039    EUR   74.489
Lehman Brothers Trea    7.500   5/30/2010    AUD    0.100
UBS AG/London          10.250   5/30/2023    CHF   39.850
Single Platform Inve    1.270   5/15/2035    EUR   74.097
Leonteq Securities A   10.000   12/1/2022    USD   34.880
Credit Bank of Mosco    3.100   1/21/2026    EUR   18.583
Landesbank Baden-Wue    0.430   1/22/2031    EUR   73.703
NRW Bank                0.600   1/28/2051    EUR   58.497
Region Wallonne Belg    0.250  12/29/2036    EUR   68.092
Landesbank Hessen-Th    0.300   9/15/2031    EUR   72.098
Basler Kantonalbank    10.000   2/13/2023    CHF   43.070
Landesbank Hessen-Th    0.850   7/17/2035    EUR   71.500
Vasakronan AB           1.668  10/16/2030    USD   74.972
Corner Banca SA         7.350   1/16/2023    CHF   74.390
Bank Otkritie Financ    0.010   7/16/2025    RUB   74.110
Intelsat Jackson Hol    9.750   7/15/2025    USD    0.486
Bayerische Landesbod    0.700   6/12/2037    EUR   74.288
Hellas Telecommunica    8.500  10/15/2013    EUR    0.834
Transports publics f    0.500   6/27/2041    CHF   71.557
Norske Skog Holding     8.000   2/24/2023    USD    0.006
SNCF Reseau             1.475   3/30/2065    EUR   58.953
Credit Agricole Corp   10.500   2/16/2027    TRY   52.619
Belfius Bank SA         0.780   7/22/2036    EUR   74.560
Russian Railways JSC   15.300   9/20/2039    RUB   55.010
Landesbank Baden-Wue    0.590   9/22/2034    EUR   63.586
UBS AG/London          16.000  12/29/2022    CHF   42.050
Hypo Vorarlberg Bank    1.020   7/15/2041    EUR   61.792
NIBC Bank NV            0.660   7/14/2031    EUR   68.842
DZ Bank AG Deutsche     5.000   3/24/2023    EUR   66.970
Raiffeisen Schweiz G   10.000   2/21/2023    CHF   55.750
DZ Bank AG Deutsche     4.050   6/23/2023    EUR   56.910
Single Platform Inve    1.240   5/25/2052    EUR   59.217
Dyadya Doner OOO       13.500   4/25/2023    RUB   19.060
Single Platform Inve    0.750   8/15/2050    EUR   52.583
DZ Bank AG Deutsche     5.000  12/23/2022    EUR   73.570
Oberoesterreichische    0.610   1/28/2037    EUR   73.191
DZ Bank AG Deutsche     5.000  12/23/2022    EUR   57.290
Norddeutsche Landesb    1.300   2/11/2037    EUR   68.969
Autonomous Community    1.646   7/30/2060    EUR   60.191
Purple Protected Ass    1.600    9/8/2056    EUR   64.556
Single Platform Inve    1.340    4/4/2042    EUR   71.567
Grand Delta Habitat     1.425   2/26/2048    EUR   62.855
Berlin Hyp AG           1.057   2/21/2059    EUR   66.341
NRW Bank                0.675   2/25/2041    EUR   70.602
Landesbank Baden-Wue    0.600    3/5/2036    EUR   60.717
Zurcher Kantonalbank   18.000   4/14/2023    USD   63.980
Landesbank Hessen-Th    1.170   12/8/2036    EUR   69.888
UBS AG/London          18.000   2/23/2023    CHF   62.350
Deutsche Bank AG        2.330   2/11/2043    EUR   65.831
Region de Bruxelles-    1.065   6/22/2047    EUR   64.869
Wirtschafts- und Inf    0.500   12/1/2038    EUR   67.869
Parnassia Groep BV      1.470   12/1/2045    EUR   61.956
Raiffeisen Switzerla   15.000   12/6/2022    CHF   54.430
Leonteq Securities A    9.000    3/9/2023    CHF   73.590
BPCE SA                 2.730   10/5/2036    AUD   58.179
Single Platform Inve    1.548  10/31/2050    EUR   63.627
Muenchener Hypotheke    1.495   10/5/2050    EUR   67.071
Commerzbank AG          0.900   10/7/2030    EUR   72.538
Luzerner Kantonalban    8.400  12/27/2022    USD   64.570
Deutsche Apotheker-u    1.616   1/15/2038    EUR   72.196
Single Platform Inve    1.040   6/25/2044    EUR   61.199
Single Platform Inve    1.250   5/10/2044    EUR   64.033
DZ Bank AG Deutsche     5.250   6/21/2023    EUR   69.300
Szabo Fogaskerekgyar    5.500   2/23/2032    HUF   74.200
Societe Generale SA     3.060  11/24/2031    AUD   73.521
DZ Bank AG Deutsche     1.980  12/29/2031    EUR   74.400
Luzerner Kantonalban    1.750  10/27/2025    CHF   57.620
Leonteq Securities A   10.000   12/7/2022    USD   60.670
Landesbank Baden-Wue    0.770   6/23/2036    EUR   62.200
BNP Paribas SA          1.130   5/26/2036    EUR   68.525
Leonteq Securities A    7.400   12/1/2023    USD   60.940
Credit Agricole Corp   15.000   7/14/2026    TRY   64.952
Raiffeisen Schweiz G    8.000    5/5/2023    CHF   57.490
Zurcher Kantonalbank   10.000    5/9/2023    USD   54.780
Norddeutsche Landesb    0.725   9/22/2036    EUR   63.500
Natixis SA              2.520   8/24/2036    AUD   62.688
Bank fuer Kirche und    0.660   3/17/2036    EUR   67.985
Credit Suisse AG/Lon    8.000   8/30/2024    USD    8.180
DZ Bank AG Deutsche     0.550    9/9/2036    EUR   71.772
Natixis SA              2.530   8/30/2036    AUD   62.828
Deutsche Bank AG/Lon    0.500    4/5/2038    MXN   20.188
Landeskreditbank Bad    1.236   5/22/2045    EUR   73.210
MASTERPLAST Nyrt        2.900   8/25/2031    HUF   59.000
Region Provence-Alpe    0.358   8/31/2035    EUR   72.401
Credit Agricole CIB     0.440   8/30/2033    EUR   70.909
Landesbank Baden-Wue    0.200   9/22/2031    EUR   70.819
Raiffeisen Schweiz G    7.000   2/27/2023    CHF   67.390
Bayerische Landesban    1.730    4/1/2036    EUR   73.296
Russian Foreign Bond    5.100   3/28/2035    USD   40.087
Region de Bruxelles-    1.419   6/22/2045    EUR   73.045
Landesbank Hessen-Th    0.850    9/2/2036    EUR   66.688
Landesbank Baden-Wue    0.260   7/29/2030    EUR   74.437
Landesbank Hessen-Th    0.340    8/6/2031    EUR   74.251
Landesbank Baden-Wue    0.510    8/2/2033    EUR   67.532
Single Platform Inve    1.250   8/15/2051    EUR   61.016
Natixis SA              2.530    8/5/2036    AUD   62.920
Banque International    0.950    8/6/2031    EUR   73.854
Landesbank Baden-Wue    0.270    3/7/2031    EUR   72.782
Landesbank Baden-Wue    0.290    6/9/2031    EUR   72.190
Landesbank Baden-Wue    0.320   12/9/2031    EUR   71.008
Citigroup Global Mar    0.430   8/15/2031    EUR   72.962
Landesbank Baden-Wue    0.060    9/1/2031    EUR   73.838
Zurcher Kantonalbank    7.750   2/10/2023    EUR   60.180
Region Provence-Alpe    0.393   8/26/2036    EUR   72.499
Landesbank Hessen-Th    0.400   9/17/2031    EUR   74.444
Landesbank Hessen-Th    0.650   9/16/2036    EUR   64.720
Landesbank Baden-Wue    0.290    8/6/2031    EUR   71.717
Credit Suisse AG/Lon   16.000  12/16/2022    USD   54.780
Barclays Bank PLC       1.011    2/1/2041    EUR   69.926
Credit Agricole Corp   11.190   3/12/2027    TRY   54.046
Landesbank Baden-Wue    0.640   2/26/2036    EUR   61.136
Kreditanstalt fuer W    0.600   2/16/2051    EUR   62.939
Landesbank Baden-Wue    0.620   2/18/2036    EUR   60.949
UBS AG/London           9.750   2/10/2023    USD   52.050
Credit Agricole Corp   11.190   1/15/2026    TRY   59.197
VTB Bank PJSC           3.750                EUR   45.000
Credit Suisse AG/Lon   16.300  12/26/2023    USD   38.950
DZ Bank AG Deutsche     0.500    2/4/2036    EUR   68.023
Societe Nationale SN    2.503   1/14/2041    AUD   65.745
Credit Agricole Corp   11.340   2/12/2026    TRY   59.127
Societe Generale SA     1.900   1/15/2031    AUD   67.748
Zurcher Kantonalbank   17.500   12/9/2022    USD   48.160
Deutsche Bank AG        0.700  10/28/2031    EUR   67.876
Morgan Stanley & Co     3.100  10/28/2041    AUD   65.593
BPCE SA                 3.000  11/18/2036    AUD   60.511
Region of Centre-Val    0.924   11/2/2043    EUR   65.944
Republic of Ireland     1.210  10/27/2111    EUR   56.175
BNP Paribas Emission    3.000   4/21/2026    EUR   62.250
Societe Generale SA     5.050  11/25/2036    USD   43.904
DNB Boligkreditt AS     1.230  11/18/2039    EUR   74.814
UBS AG/London           5.000   4/14/2023    CHF   70.050
Muenchener Hypotheke    1.010    8/6/2044    EUR   57.561
BNP Paribas SA          3.310   2/27/2040    AUD   66.658
Landesbank Baden-Wue    1.000   7/17/2039    EUR   67.530
Romanian Government     2.124   7/16/2031    EUR   71.992
BNG Bank NV             0.799   7/25/2039    EUR   73.412
Communaute Francaise    1.397   7/18/2059    EUR   68.339
Communaute Francaise    1.520   7/22/2069    EUR   65.162
Morgan Stanley & Co     1.105   6/18/2041    EUR   61.975
Landesbank Hessen-Th    1.000   7/15/2060    EUR   63.414
City of Kyiv Via PBR    7.500  12/15/2022    USD   34.479
Republic of Ireland     1.230   6/23/2121    EUR   56.420
Landesbank Baden-Wue    0.720   6/22/2035    EUR   63.633
Credit Agricole Corp   10.800   3/24/2026    TRY   54.034
DZ HYP AG               0.205    6/5/2040    EUR   60.636
Region de Bruxelles-    1.286  12/17/2046    EUR   69.007
UBS AG/London           1.860   2/28/2049    EUR   74.612
Landesbank Baden-Wue    0.340    3/4/2030    EUR   74.327
Landesbank Baden-Wue    0.700   3/30/2034    EUR   66.661
Landesbank Baden-Wue    0.760   3/31/2036    EUR   62.253
UBS AG/London           9.750   3/17/2023    CHF   34.150
Natixis SA              2.900   1/29/2040    AUD   61.346
Bayerische Landesban    1.682    5/2/2036    EUR   72.687
Bayerische Landesban    1.770   5/15/2036    EUR   73.204
Landesbank Hessen-Th    1.000  10/23/2035    EUR   68.000
Credit Agricole Corp   11.400  10/28/2025    TRY   60.973
DZ Bank AG Deutsche     1.250   9/30/2060    EUR   63.671
Landesbank Hessen-Th    1.000  10/29/2035    EUR   66.800
Landesbank Hessen-Th    0.700  10/29/2035    EUR   66.254
Landesbank Hessen-Th    1.590   1/18/2034    EUR   73.663
AB Financial Product    1.605   7/30/2040    EUR   57.988
Bayerische Landesban    1.480    4/8/2036    EUR   70.763
Credit Agricole Corp    2.480   8/18/2050    USD   59.669
Ebis OOO               13.000   8/11/2023    RUB    5.740
Berlin Hyp AG           0.440  10/29/2035    EUR   62.713
Societe Generale SA     2.900  10/24/2039    AUD   57.595
Region de Bruxelles-    1.053  11/14/2059    EUR   56.670
SG Issuer SA            6.940   1/20/2025    SEK   63.340
Landesbank Hessen-Th    0.850  10/17/2034    EUR   69.700
Specialfastigheter S    1.280   9/20/2049    SEK   58.824
Caisse des Depots et    1.065   9/20/2049    EUR   70.096
Norddeutsche Landesb    1.560  10/20/2038    EUR   69.730
Single Platform Inve    1.340   5/10/2044    EUR   65.574
Landesbank Baden-Wue    0.490   5/28/2031    EUR   73.488
Credit Agricole Corp   15.000   6/18/2026    TRY   65.497
Citigroup Global Mar    1.500   5/13/2051    EUR   60.282
Landesbank Baden-Wue    0.740    6/2/2036    EUR   61.934
Landesbank Hessen-Th    0.750  12/17/2035    EUR   66.416
Kreditanstalt fuer W    0.480  11/19/2040    EUR   68.373
Russian Foreign Bond    1.850  11/20/2032    EUR   41.226
BPCE SA                 2.315  11/19/2035    AUD   55.303
Autonomous Community    1.089  10/31/2049    EUR   58.641
Landesbank Hessen-Th    0.700  12/28/2035    EUR   66.000
Norddeutsche Landesb    1.170  11/24/2038    EUR   64.084
Skandinaviska Enskil    5.520   7/15/2024    SEK   66.370
Region de Bruxelles-    0.875   6/22/2057    EUR   53.849
Leonteq Securities A    7.200   2/14/2023    CHF   28.040
Republic of Italy Go    4.000  10/17/2049    USD   71.497
Societe Generale SA     3.110  10/28/2041    AUD   59.383
Credit Agricole Corp   12.000  11/17/2025    TRY   61.670
Kreditanstalt fuer W    0.660  11/12/2039    EUR   72.811
Credit Suisse AG/Lon    1.000   9/24/2035    EUR   62.980
Kreditanstalt fuer W    1.030   12/6/2049    EUR   71.186
Department of Girond    0.650  12/17/2038    EUR   69.108
Barclays Bank PLC       3.100  12/13/2044    AUD   57.914
Vasakronan AB           1.310  12/10/2040    EUR   47.160
Region de Bruxelles-    0.658    1/7/2041    EUR   65.177
Berlin Hyp AG           1.157   12/9/2039    EUR   66.927
Landesbank Baden-Wue    0.700    9/5/2039    EUR   65.720
Skandinaviska Enskil    9.020   7/17/2023    SEK   66.150
Landesbank Hessen-Th    0.900  11/20/2035    EUR   67.000
Landesbank Baden-Wue    0.440  10/19/2035    EUR   71.632
Morgan Stanley & Co     3.470   1/27/2042    AUD   69.068
Landesbank Hessen-Th    0.850  11/19/2035    EUR   67.482
Caisse des Depots et    2.630   9/16/2049    AUD   63.527
Communaute Francaise    1.187   9/16/2069    EUR   61.943
Caisse des Depots et    2.670   9/17/2049    AUD   64.054
Communaute Francaise    0.584   9/17/2039    EUR   64.136
SAir Group              2.750   7/30/2004    CHF   12.375
Credit Agricole Corp   10.200  12/13/2027    TRY   49.118
Caisse des Depots et    2.340  11/27/2049    AUD   59.336
Landesbank Hessen-Th    0.600   9/27/2034    EUR   68.700
Landesbank Baden-Wue    0.150   9/11/2039    EUR   64.800
Single Platform Inve    1.050   3/17/2039    EUR   66.568
Metropole de Lyon       0.540   12/7/2050    EUR   51.534
Vontobel Financial P    0.080   12/5/2022    EUR   59.400
Single Platform Inve    1.600   2/15/2041    EUR   72.106
Ebis OOO               12.000    4/9/2024    RUB    4.490
Landesbank Baden-Wue    0.780   4/21/2036    EUR   62.413
Caisse des Depots et    1.275    5/5/2051    EUR   73.664
Caisse des Depots et    2.730    3/2/2041    AUD   68.874
Landesbank Hessen-Th    1.400    3/5/2036    EUR   67.000
Credit Agricole Corp   11.640   3/24/2027    TRY   55.108
Landesbank Hessen-Th    0.820  12/17/2035    EUR   67.598
Landesbank Hessen-Th    0.800   4/15/2036    EUR   66.683
Basler Kantonalbank     8.000  11/28/2022    CHF   65.540
Quintet Private Bank    6.050   5/26/2026    USD   64.280
Single Platform Inve    1.440   7/18/2042    EUR   68.055
DZ Bank AG Deutsche     0.510   1/25/2036    EUR   68.480
Region Wallonne Belg    0.850   1/26/2071    EUR   46.400
Region Wallonne Belg    1.250   4/30/2055    EUR   60.148
Societe Generale SA     2.060   3/12/2031    USD   71.899
Landesbank Hessen-Th    0.620    2/6/2036    EUR   65.699
Merrill Lynch BV        2.580   8/20/2036    USD   73.832
Norddeutsche Landesb    0.325   9/15/2031    EUR   71.543
Credit Agricole Corp   10.320   7/22/2026    TRY   54.748
Republic of Austria     0.850   6/30/2120    EUR   48.810
Landesbank Hessen-Th    0.620   1/11/2036    EUR   65.847
Norddeutsche Landesb    0.725   9/14/2033    EUR   69.482
Norddeutsche Landesb    0.550   9/10/2031    EUR   72.772
Erste Group Bank AG     0.570   8/14/2032    EUR   71.765
Landesbank Hessen-Th    1.000   8/27/2035    EUR   69.378
Kreditanstalt fuer W    0.400   8/12/2040    EUR   68.284
Landeskreditbank Bad    0.170  12/10/2035    EUR   72.038
Caisse des Depots et    1.005   11/5/2050    EUR   68.793
Norddeutsche Landesb    2.180   9/20/2034    EUR   74.870
Nomura Bank Internat    0.450   12/3/2030    EUR   73.430
Kuntarahoitus Oyj       1.005   12/7/2060    EUR   65.422
Ukraine Government I    7.253   3/15/2035    USD   21.143
Societe Wallonne de     0.913   7/31/2040    EUR   55.715
Cooperatieve Raboban    0.540    8/3/2040    EUR   65.429
Banque et Caisse d'E    0.900    8/6/2042    EUR   73.676
Takarek Mortgage Ban    3.000   8/21/2030    HUF   54.840
Regie Autonome des T    0.640   8/13/2041    EUR   67.354
Norddeutsche Landesb    0.925   9/10/2036    EUR   65.560
Landesbank Hessen-Th    0.620   4/18/2036    EUR   65.296
Landesbank Hessen-Th    0.550   8/18/2033    EUR   70.465
Nordea Bank Abp         0.620  10/14/2026    SEK   46.680
Landesbank Hessen-Th    0.450   9/15/2033    EUR   65.535
LBI ehf                 7.431                USD    0.001
Lehman Brothers Trea   16.000  12/26/2008    USD    0.100
Axial Javito Kereske    2.000   9/23/2030    HUF   59.094
NRW Bank                0.360  10/15/2035    EUR   74.063
Collectivite Europee    0.487   10/9/2045    EUR   56.801
BNP Paribas Issuance    1.560    2/2/2039    EUR   51.050
Lehman Brothers Trea    8.280   7/31/2013    GBP    0.100
Lehman Brothers Trea    6.650   8/24/2011    AUD    0.100
Communaute Francaise    1.340    7/1/2054    EUR   69.793
IT Holding Finance S    9.875  11/15/2012    EUR    0.015
Kreditanstalt fuer W    0.250   10/6/2036    CAD   51.120
Bayerische Landesban    1.600   7/21/2036    EUR   71.507
United Confectioners    7.000    4/3/2023    RUB   70.000
Russian Railways JSC   15.300   9/19/2033    RUB   55.010
Turkey Government In    6.625   2/17/2045    USD   74.557
BPCE SFH SA             0.500   1/23/2035    EUR   74.903
DekaBank Deutsche Gi    1.850   3/20/2045    EUR   68.638
Deutsche Bank AG        1.750    4/9/2035    EUR   65.597
DekaBank Deutsche Gi    1.340   8/22/2036    EUR   70.908
State of North Rhine    1.491   8/23/2066    EUR   72.357
Bayerische Landesban    1.320   9/16/2033    EUR   74.273
Raiffeisen Bank Inte    0.430    9/9/2030    EUR   74.478
Norddeutsche Landesb    1.570    9/9/2038    EUR   68.651
Landesbank Hessen-Th    0.750  10/15/2035    EUR   66.848
Bayerische Landesban    1.620   5/21/2036    EUR   71.926
Lloyds Bank PLC         1.920   4/16/2044    EUR   73.810
Kreditanstalt fuer W    1.171   7/19/2051    EUR   71.056
Romanian Government     1.750   7/13/2030    EUR   72.222
SG Issuer SA            2.270    2/4/2032    EUR   59.190
Denmark Government B    0.250  11/15/2052    DKK   62.705
Corner Banca SA        10.000   1/23/2023    CHF   39.150
Centre Hospitalier U    0.490   12/1/2036    EUR   71.154
UBS AG/London           7.500   7/12/2023    CHF   61.650
UBS AG/London          10.000   8/23/2023    CHF   49.050
Credit Suisse AG/Lon    8.500   1/23/2023    USD   58.470
Norddeutsche Landesb    1.090  11/15/2043    EUR   68.400
Leonteq Securities A    9.000  12/14/2022    CHF   58.650
Landesbank Hessen-Th    0.500    2/2/2032    EUR   72.784
Landesbank Hessen-Th    0.450    1/7/2032    EUR   74.117
SpareBank 1 SR-Bank     1.020   10/8/2036    EUR   72.332
UBS AG/London           9.500  11/30/2022    CHF   40.700
Metal Hungaria Holdi    3.500  11/16/2031    HUF   65.000
Rikshem AB              2.137   1/29/2036    EUR   72.057
Landesbank Hessen-Th    0.750  10/27/2031    EUR   74.919
ENEL RUSSIA PJSC        8.600  12/15/2022    RUB   61.010
Sberbank of Russia P    0.010    8/6/2026    RUB   73.500
Credit Suisse AG/Lon   10.000  12/12/2022    CHF    6.960
State of North Rhine    1.450   1/19/2122    EUR   61.008
Credit Suisse AG/Lon   10.000    2/2/2023    USD    7.590
Caisse des Depots et    1.018   2/16/2051    EUR   67.867
Landesbank Hessen-Th    2.435    2/6/2048    EUR   69.964
Hungary Government B    3.000  10/27/2038    HUF   56.364
SkyGreen Buildings K    3.000  12/29/2030    HUF   63.500
Credit Suisse AG/Lon    7.000   12/8/2022    CHF   61.520
Raiffeisen Schweiz G    9.500    5/2/2023    CHF   45.970
VTB Bank PJSC           8.191                USD   37.800
Region of Centre-Val    0.755   11/2/2037    EUR   72.334
Zurcher Kantonalbank   19.000    4/6/2023    CHF   71.000
Russian Railways JSC   13.630   5/30/2040    RUB   50.010
Barclays Bank PLC       2.680   4/14/2031    AUD   74.065
NRW Bank                1.000   2/26/2050    EUR   69.002
Romanian Government     2.124   7/16/2031    EUR   72.119
Landesbank Hessen-Th    1.000    3/6/2035    EUR   68.850
Nykredit Realkredit     1.000   10/1/2053    DKK   74.660
French Republic Gove    0.500   5/25/2040    EUR   69.902
Region Provence-Alpe    0.785   6/18/2040    EUR   68.947
Region Wallonne Belg    1.300   6/16/2068    EUR   54.907
CTP NV                  1.250   6/21/2029    EUR   66.944
DekaBank Deutsche Gi    3.000  12/29/2022    EUR   53.170
BNP Paribas Emission   19.000   6/22/2023    EUR   63.690
Credit Bank of Mosco    5.150   2/20/2024    EUR   18.453
Landesbank Saar         0.670   3/10/2034    EUR   71.267
Banque Cantonale Vau    7.300   9/16/2024    CHF   27.990
Italy Buoni Polienna    1.800    3/1/2041    EUR   72.876
Landesbank Baden-Wue    0.590   10/7/2032    EUR   70.014
Republic of Austria     1.500   11/2/2086    EUR   69.260
Kreditanstalt fuer W    0.620   1/14/2050    EUR   60.012
Bayerische Landesban    1.100   1/26/2024    EUR   68.460
Landesbank Baden-Wue    2.200   1/27/2023    EUR   65.950
Deutsche Pfandbriefb    2.000    7/9/2032    EUR   71.652
Barclays Bank PLC       2.730   9/27/2024    EUR   48.480
Landesbank Baden-Wue    0.710   11/9/2035    EUR   63.246
Single Platform Inve    1.301   6/25/2044    EUR   63.733
Nederlandse Watersch    0.260  11/10/2036    EUR   70.788
Basque Government       1.375  10/31/2070    EUR   49.897
Oberbank AG             1.850   4/18/2039    EUR   72.419
Skandinaviska Enskil    6.500   1/15/2024    SEK   72.050
Batigere Grand Est S    1.540   11/4/2041    EUR   66.093
Batigere Grand Est S    1.610  10/23/2040    EUR   67.867
Erste Group Bank AG     4.500   10/1/2025    EUR   44.500
Department of Bouche    0.810  12/16/2041    EUR   66.584
State of Lower Austr    0.400  10/13/2050    EUR   52.940
Credit Industriel Et    1.170   1/28/2037    EUR   71.453
Russian Foreign Bond   12.750   6/24/2028    USD   72.435
Solarwatt GmbH          7.000   11/1/2015    EUR   15.500
Republic of Belarus     7.625   6/29/2027    USD   34.688
Bayerische Landesban    1.350  12/23/2022    EUR   57.810
DZ Bank AG Deutsche     2.240   8/22/2034    USD   73.639
Sparekassen Bredebro    3.750   4/15/2031    DKK   68.418
Raiffeisen Schweiz G    7.000   9/20/2023    CHF   65.910
UBS AG/London           7.000   1/23/2023    USD   67.600
United Kingdom Gilt     0.875   1/31/2046    GBP   59.391
Bank Vontobel AG       15.000   6/26/2023    EUR   70.200
BNP Paribas Emission    6.000  12/22/2022    EUR   35.090
Skandinaviska Enskil    9.500   7/17/2023    SEK   67.330
Skandinaviska Enskil   10.360   7/17/2023    SEK   70.595
Hungary Government B    2.000   5/23/2029    HUF   69.945
Nederlandse Watersch    1.125    7/8/2050    EUR   68.773
Lehman Brothers Trea   13.432    1/8/2009    ILS    0.100
Batigere Grand Est S    1.600  11/14/2044    EUR   65.147
Progress Etteremhalo    3.000   9/18/2030    HUF   63.800
Nederlandse Watersch    1.080  10/26/2050    EUR   67.381
Astana Finance BV       9.000  11/16/2011    USD   15.250
Northland Resources    12.250   3/26/2016    USD    2.621
Credit Suisse AG/Lon    0.500    1/8/2026    BRL   65.378
Norske Skogindustrie    7.125  10/15/2033    USD    0.010
Region de Bruxelles-    1.015   1/23/2051    EUR   61.075
State of North Rhine    1.513   7/27/2065    EUR   73.901
New World Resources     8.000    4/7/2020    EUR    0.103
Waste Italia SpA       10.500  11/15/2019    EUR    0.550
Bank Julius Baer & C    9.600   3/30/2023    USD   67.600
DZ Bank AG Deutsche     4.800  12/19/2022    EUR   72.660
DZ Bank AG Deutsche     5.800  12/19/2022    EUR   71.170
DZ Bank AG Deutsche     4.900   3/20/2023    EUR   73.940
DZ Bank AG Deutsche     6.100  12/19/2022    EUR   50.970
DZ Bank AG Deutsche     5.600   3/20/2023    EUR   52.370
Leonteq Securities A   15.000    1/3/2023    CHF   71.830
Leonteq Securities A    8.000   6/30/2023    USD   59.880
DZ Bank AG Deutsche     8.250  12/19/2022    EUR   49.150
DZ Bank AG Deutsche     6.250   3/20/2023    EUR   48.100
VTB Bank PJSC           0.010  11/25/2026    RUB   65.000
Biznes Nedvizhimost    10.800  12/18/2026    RUB   62.000
Bank Vontobel AG       10.000   8/16/2023    CHF   73.200
Vontobel Financial P   18.750  12/23/2022    EUR   45.200
Vontobel Financial P   15.000  12/23/2022    EUR   69.670
Vontobel Financial P   24.000  12/23/2022    EUR   55.580
Vontobel Financial P    9.000  12/23/2022    EUR   49.890
Vontobel Financial P   12.000  12/23/2022    EUR   46.160
Vontobel Financial P   11.000  12/23/2022    EUR   46.830
Vontobel Financial P    7.500  12/23/2022    EUR   51.560
Vontobel Financial P   10.000  12/23/2022    EUR   48.310
Vontobel Financial P   13.500  12/23/2022    EUR   30.990
Vontobel Financial P    6.500  12/23/2022    EUR   53.390
Vontobel Financial P    8.000  12/23/2022    EUR   71.120
Vontobel Financial P    7.500  12/23/2022    EUR   64.870
Landesbank Hessen-Th    1.000   2/11/2037    EUR   68.119
Bank Vontobel AG       20.000    1/3/2023    CHF   64.500
Bank Vontobel AG        7.000   3/30/2023    CHF   50.500
Credit Suisse AG/Lon   16.000  12/29/2022    CHF   60.810
Credit Suisse AG/Lon   12.000  12/29/2022    CHF   54.750
Vontobel Financial P   14.500  12/23/2022    EUR   69.630
Vontobel Financial P    8.500  12/23/2022    EUR   73.870
Vontobel Financial P    9.500  12/23/2022    EUR   71.890
Vontobel Financial P   17.000  12/23/2022    EUR   63.680
Vontobel Financial P   16.500  12/23/2022    EUR   71.250
Vontobel Financial P   20.000  12/23/2022    EUR   67.110
Vontobel Financial P   18.000  12/23/2022    EUR   69.820
Vontobel Financial P   15.500  12/23/2022    EUR   72.800
Vontobel Financial P   19.000  12/23/2022    EUR   68.420
Vontobel Financial P   18.500  12/23/2022    EUR   62.290
Vontobel Financial P   17.000  12/23/2022    EUR   63.030
Zurcher Kantonalbank   16.500   2/14/2023    USD   52.050
Vontobel Financial P    7.000  12/23/2022    EUR   64.450
Vontobel Financial P   15.000  12/23/2022    EUR   64.980
Vontobel Financial P   14.500  12/23/2022    EUR   43.860
Vontobel Financial P   11.000  12/23/2022    EUR   66.370
Vontobel Financial P    5.000  12/23/2022    EUR   65.980
Vontobel Financial P    8.350   2/20/2023    EUR   74.410
DZ Bank AG Deutsche    12.300  12/23/2022    EUR   29.640
DZ Bank AG Deutsche    11.600  12/23/2022    EUR   73.250
Landesbank Baden-Wue    3.500   2/24/2023    EUR   62.970
DZ Bank AG Deutsche    18.900  12/23/2022    EUR   47.180
Landesbank Baden-Wue    2.000   2/24/2023    EUR   69.400
Landesbank Baden-Wue    3.350   2/24/2023    EUR   63.210
SG Issuer SA            2.000  12/22/2036    EUR   66.260
Zurcher Kantonalbank    9.000  12/30/2022    CHF   55.290
Zurcher Kantonalbank    7.000  12/30/2022    CHF   38.960
MKB-Leasing OOO         9.200  12/22/2027    RUB   65.000
Landesbank Baden-Wue    7.500   2/24/2023    EUR   39.220
Landesbank Baden-Wue    2.500   2/24/2023    EUR   61.160
Landesbank Baden-Wue    4.000   2/24/2023    EUR   59.230
Landesbank Baden-Wue   10.000   2/24/2023    EUR   70.470
UniCredit Bank AG       3.700   1/27/2025    EUR   58.420
Landesbank Baden-Wue    3.300   2/24/2023    EUR   47.580
Landesbank Baden-Wue    2.700   3/24/2023    EUR   68.130
Landesbank Baden-Wue    4.200   3/24/2023    EUR   64.330
Landesbank Baden-Wue    2.200   2/24/2023    EUR   62.740
Landesbank Baden-Wue    4.700   2/24/2023    EUR   56.420
Erste Group Bank AG     1.360   2/23/2036    EUR   74.482
Vontobel Financial P   13.500  12/23/2022    EUR   42.990
Vontobel Financial P   15.500   2/20/2023    EUR   70.910
Vontobel Financial P   12.250  12/23/2022    EUR   67.990
Leonteq Securities A   24.000    1/6/2023    CHF   13.720
Vontobel Financial P   21.000  12/23/2022    EUR   59.740
Vontobel Financial P   15.000  12/23/2022    EUR   73.910
Vontobel Financial P   14.500  12/23/2022    EUR   62.700
Vontobel Financial P   16.500  12/23/2022    EUR   60.900
Vontobel Financial P   18.500  12/23/2022    EUR   59.200
Vontobel Financial P   10.500  12/23/2022    EUR   66.700
Vontobel Financial P   20.000  12/23/2022    EUR   74.850
Vontobel Financial P    7.500  12/23/2022    EUR   71.400
Vontobel Financial P    6.000  12/23/2022    EUR   74.000
Vontobel Financial P   10.500  12/23/2022    EUR   74.370
Vontobel Financial P   12.500  12/23/2022    EUR   64.630
Vontobel Financial P    9.000  12/23/2022    EUR   68.960
Vontobel Financial P   12.000  12/23/2022    EUR   72.410
Vontobel Financial P   15.500  12/23/2022    EUR   68.870
Vontobel Financial P   17.000  12/23/2022    EUR   67.220
Vontobel Financial P    7.000  12/23/2022    EUR   55.760
Vontobel Financial P   14.000  12/23/2022    EUR   70.610
Vontobel Financial P    4.500  12/23/2022    EUR   60.030
Vontobel Financial P    8.500  12/23/2022    EUR   53.880
Vontobel Financial P   17.000  12/23/2022    EUR   46.340
Vontobel Financial P   15.000  12/23/2022    EUR   47.630
Vontobel Financial P   10.000  12/23/2022    EUR   52.140
Vontobel Financial P    5.500  12/23/2022    EUR   57.790
Vontobel Financial P   19.000  12/23/2022    EUR   45.140
Vontobel Financial P   11.500  12/23/2022    EUR   50.510
Vontobel Financial P   13.500  12/23/2022    EUR   49.040
Vontobel Financial P   13.500  12/23/2022    EUR   69.040
Vontobel Financial P   11.000  12/23/2022    EUR   72.200
Vontobel Financial P   10.000  12/23/2022    EUR   73.940
Vontobel Financial P   10.000  12/23/2022    EUR   72.510
Vontobel Financial P   15.500  12/23/2022    EUR   65.420
Vontobel Financial P   11.500  12/23/2022    EUR   69.940
Vontobel Financial P   19.000  12/23/2022    EUR   61.490
Vontobel Financial P   13.500  12/23/2022    EUR   67.600
Vontobel Financial P   14.500  12/23/2022    EUR   67.570
Vontobel Financial P   12.500  12/23/2022    EUR   70.600
Vontobel Financial P   22.500  12/23/2022    EUR   60.080
Vontobel Financial P   18.500  12/23/2022    EUR   63.560
Vontobel Financial P   16.000  12/23/2022    EUR   66.170
Vontobel Financial P   20.000  12/23/2022    EUR   62.360
Vontobel Financial P   16.500  12/23/2022    EUR   71.920
Vontobel Financial P   21.000  12/23/2022    EUR   61.180
Vontobel Financial P   17.000  12/23/2022    EUR   64.830
Vontobel Financial P    4.500  12/23/2022    EUR   66.660
Vontobel Financial P    9.500  12/23/2022    EUR   57.490
Vontobel Financial P   16.000  12/23/2022    EUR   50.790
Vontobel Financial P    7.500  12/23/2022    EUR   73.630
Vontobel Financial P   14.500  12/23/2022    EUR   70.690
Vontobel Financial P    9.500  12/23/2022    EUR   69.440
Vontobel Financial P   11.500  12/23/2022    EUR   65.750
Vontobel Financial P   15.500  12/23/2022    EUR   59.500
Vontobel Financial P   13.500  12/23/2022    EUR   62.500
Vontobel Financial P   18.000  12/23/2022    EUR   56.880
Vontobel Financial P   20.500  12/23/2022    EUR   54.510
Vontobel Financial P   18.500  12/23/2022    EUR   65.970
Vontobel Financial P   11.500  12/23/2022    EUR   42.390
Vontobel Financial P   11.000  12/23/2022    EUR   44.150
Vontobel Financial P   15.500  12/23/2022    EUR   40.970
Vontobel Financial P   13.500  12/23/2022    EUR   42.510
Vontobel Financial P    3.500  12/23/2022    EUR   52.840
Vontobel Financial P    5.000  12/23/2022    EUR   50.290
Vontobel Financial P    9.000  12/23/2022    EUR   46.000
Vontobel Financial P    7.000  12/23/2022    EUR   48.050
Vontobel Financial P   17.000  12/23/2022    EUR   74.450
Vontobel Financial P   17.000  12/23/2022    EUR   72.630
Vontobel Financial P   14.000  12/23/2022    EUR   74.710
Vontobel Financial P   10.500  12/23/2022    EUR   74.060
Vontobel Financial P   15.000  12/23/2022    EUR   68.730
Vontobel Financial P   12.500  12/23/2022    EUR   71.280
Vontobel Financial P   17.000  12/23/2022    EUR   66.340
Vontobel Financial P    5.000  12/23/2022    EUR   56.570
Vontobel Financial P    8.500  12/23/2022    EUR   51.030
Vontobel Financial P    9.000  12/23/2022    EUR   50.070
Vontobel Financial P   11.000  12/23/2022    EUR   48.280
Vontobel Financial P   13.000  12/23/2022    EUR   46.660
Vontobel Financial P    7.000  12/23/2022    EUR   53.110
Vontobel Financial P    7.500  12/23/2022    EUR   52.040
Vontobel Financial P    6.000  12/23/2022    EUR   54.180
Vontobel Financial P   10.000  12/23/2022    EUR   49.170
Vontobel Financial P   13.500  12/23/2022    EUR   45.890
Vontobel Financial P   14.500  12/23/2022    EUR   45.100
Vontobel Financial P   16.500  12/23/2022    EUR   43.710
Vontobel Financial P   17.500  12/23/2022    EUR   37.570
Vontobel Financial P    6.500  12/23/2022    EUR   49.020
Vontobel Financial P   14.500  12/23/2022    EUR   39.800
Vontobel Financial P   24.500  12/23/2022    EUR   36.820
Vontobel Financial P    9.000  12/23/2022    EUR   45.470
Vontobel Financial P   13.000  12/23/2022    EUR   59.360
Vontobel Financial P    9.000  12/23/2022    EUR   66.410
Vontobel Financial P   11.000  12/23/2022    EUR   62.670
Vontobel Financial P   19.000  12/23/2022    EUR   51.380
Vontobel Financial P   15.000  12/23/2022    EUR   56.400
Vontobel Financial P   17.000  12/23/2022    EUR   53.760
Vontobel Financial P   21.500  12/23/2022    EUR   49.260
Vontobel Financial P   17.000  12/23/2022    EUR   71.120
Vontobel Financial P   18.500  12/23/2022    EUR   69.460
Vontobel Financial P   15.500  12/23/2022    EUR   72.860
Vontobel Financial P   20.000  12/23/2022    EUR   67.900
Vontobel Financial P   14.000  12/23/2022    EUR   69.970
Vontobel Financial P   16.000  12/23/2022    EUR   67.490
Vontobel Financial P   11.500  12/23/2022    EUR   72.650
Vontobel Financial P    7.000  12/23/2022    EUR   46.560
Vontobel Financial P   19.500  12/23/2022    EUR   73.600
Vontobel Financial P    5.500  12/23/2022    EUR   49.100
Vontobel Financial P    6.000  12/23/2022    EUR   47.780
Vontobel Financial P    8.000  12/23/2022    EUR   45.410
Vontobel Financial P    8.500  12/23/2022    EUR   44.290
Vontobel Financial P    5.000  12/23/2022    EUR   50.510
Vontobel Financial P    9.500  12/23/2022    EUR   43.260
Vontobel Financial P   15.500  12/23/2022    EUR   38.080
Vontobel Financial P   14.500  12/23/2022    EUR   38.840
Vontobel Financial P   16.500  12/23/2022    EUR   37.350
Vontobel Financial P   17.500  12/23/2022    EUR   36.660
Vontobel Financial P   19.500  12/23/2022    EUR   35.370
Vontobel Financial P   18.500  12/23/2022    EUR   36.000
Vontobel Financial P   10.500  12/23/2022    EUR   42.280
Vontobel Financial P   13.500  12/23/2022    EUR   39.640
Vontobel Financial P   11.500  12/23/2022    EUR   41.360
Vontobel Financial P   12.500  12/23/2022    EUR   40.470
Vontobel Financial P   15.500  12/23/2022    EUR   65.230
Vontobel Financial P   12.500  12/23/2022    EUR   72.320
Vontobel Financial P   16.000  12/23/2022    EUR   68.780
Vontobel Financial P   18.000  12/23/2022    EUR   70.530
Vontobel Financial P   15.000  12/23/2022    EUR   73.890
Vontobel Financial P   16.500  12/23/2022    EUR   72.170
Vontobel Financial P   11.500  12/23/2022    EUR   70.830
Vontobel Financial P   10.500  12/23/2022    EUR   52.460
Vontobel Financial P   12.000  12/23/2022    EUR   67.760
Vontobel Financial P   13.500  12/23/2022    EUR   66.090
Vontobel Financial P   16.000  12/23/2022    EUR   62.990
Vontobel Financial P   14.500  12/23/2022    EUR   64.510
Vontobel Financial P   12.000  12/23/2022    EUR   74.890
Vontobel Financial P   15.000  12/23/2022    EUR   71.720
Vontobel Financial P   16.500  12/23/2022    EUR   70.240
Vontobel Financial P   13.500  12/23/2022    EUR   73.260
Vontobel Financial P   19.000  12/23/2022    EUR   21.780
Vontobel Financial P   24.000  12/23/2022    EUR   19.160
Vontobel Financial P    3.000  12/23/2022    EUR   60.560
Vontobel Financial P    4.000  12/23/2022    EUR   57.790
Vontobel Financial P    3.500  12/23/2022    EUR   59.140
Vontobel Financial P    5.500  12/23/2022    EUR   55.350
Vontobel Financial P   17.500  12/23/2022    EUR   43.070
Vontobel Financial P   15.500  12/23/2022    EUR   44.410
Vontobel Financial P   12.000  12/23/2022    EUR   47.460
Vontobel Financial P   18.500  12/23/2022    EUR   42.430
Vontobel Financial P   17.000  12/23/2022    EUR   71.730
Vontobel Financial P    8.500  12/23/2022    EUR   73.470
Vontobel Financial P    9.500  12/23/2022    EUR   71.450
Vontobel Financial P   10.500  12/23/2022    EUR   69.520
Raiffeisen Schweiz G   12.000  12/30/2022    CHF   58.040
Basler Kantonalbank    11.000    8/9/2023    CHF   74.740
Zurcher Kantonalbank    8.800   7/26/2023    CHF   74.980
Zurcher Kantonalbank   10.000   1/26/2023    CHF   65.210
EFG International Fi    4.660   1/26/2023    EUR   69.560
UBS AG/London           9.170   1/30/2024    USD    8.469
EFG International Fi    3.120   1/31/2023    EUR   68.230
Leonteq Securities A   20.000    2/1/2023    CHF   64.620
Erste Group Bank AG     1.170   1/28/2037    EUR   70.136
Raiffeisen Schweiz G   13.000   1/31/2023    CHF   53.130
Raiffeisen Schweiz G   19.000   1/31/2023    CHF   34.240
Citigroup Global Mar    1.000   1/21/2036    EUR   67.457
Zurcher Kantonalbank   10.500   1/27/2023    EUR   52.500
Bank Vontobel AG       12.000   1/30/2023    CHF   13.800
Credit Suisse AG/Lon    8.750   1/27/2023    CHF   69.340
Bank Vontobel AG       18.250   1/30/2023    CHF   15.300
Bank Vontobel AG        7.000   7/28/2023    CHF   70.400
Credit Suisse AG/Lon    9.250   1/27/2023    USD   55.990
UBS AG/London          16.350   1/31/2024    USD    7.433
UBS AG/London          15.800   1/31/2024    USD    7.463
DZ Bank AG Deutsche    10.700   6/23/2023    EUR   50.750
DZ Bank AG Deutsche     7.900   6/23/2023    EUR   70.930
DZ Bank AG Deutsche    10.000   6/23/2023    EUR   68.070
DZ Bank AG Deutsche     6.400   6/23/2023    EUR   59.150
DZ Bank AG Deutsche    10.800   3/24/2023    EUR   69.150
DZ Bank AG Deutsche     9.300   6/23/2023    EUR   67.390
DZ Bank AG Deutsche     7.300   6/23/2023    EUR   68.500
DZ Bank AG Deutsche    10.400   6/23/2023    EUR   63.830
DZ Bank AG Deutsche    20.100   3/24/2023    EUR   71.630
DZ Bank AG Deutsche    14.400  12/23/2022    EUR   74.780
Leonteq Securities A   14.000    1/3/2023    CHF   30.100
Leonteq Securities A    9.000   6/30/2023    CHF   50.170
EFG International Fi   18.000   2/16/2023    CHF   26.290
DZ Bank AG Deutsche     5.100  12/19/2022    EUR   52.130
DZ Bank AG Deutsche     4.800   3/20/2023    EUR   53.320
UBS AG/London           8.400   9/11/2023    EUR   72.290
Corner Banca SA        18.000    1/3/2023    USD   62.840
DZ Bank AG Deutsche     6.250  12/19/2022    EUR   68.960
DZ Bank AG Deutsche     5.000   3/20/2023    EUR   55.020
Raiffeisen Switzerla    9.000   6/30/2023    USD   71.290
VTB Bank PJSC           0.010  12/13/2024    RUB   74.040
Luzerner Kantonalban    5.000   6/28/2023    CHF   69.560
Zurcher Kantonalbank    6.800  12/28/2022    CHF   74.080
Societe Generale Eff    4.930   2/17/2023    USD   74.110
Vontobel Financial P   16.000  12/23/2022    EUR   72.450
Vontobel Financial P   15.000  12/23/2022    EUR   74.170
Vontobel Financial P   19.000  12/23/2022    EUR   67.770
EFG International Fi   19.000  12/29/2022    USD   67.660
Vontobel Financial P    6.000  12/23/2022    EUR   37.550
Vontobel Financial P   21.000  12/23/2022    EUR   59.550
Vontobel Financial P   12.500  12/23/2022    EUR   45.490
Vontobel Financial P    9.500  12/23/2022    EUR   49.090
Vontobel Financial P   10.500  12/23/2022    EUR   47.560
Vontobel Financial P   18.000  12/23/2022    EUR   40.870
Vontobel Financial P    7.500  12/23/2022    EUR   35.320
Vontobel Financial P   12.000  12/23/2022    EUR   31.730
Vontobel Financial P   18.000  12/23/2022    EUR   64.180
Vontobel Financial P    7.000  12/23/2022    EUR   52.450
Vontobel Financial P    7.500  12/23/2022    EUR   62.820
Vontobel Financial P    8.000  12/23/2022    EUR   59.330
Vontobel Financial P    5.500  12/23/2022    EUR   57.370
Leonteq Securities A   25.200   2/17/2023    CHF   19.140
Banque International   10.000    8/9/2023    CHF   67.200
Leonteq Securities A   22.800   2/15/2023    CHF   51.440
Credit Suisse AG/Lon   11.500  12/23/2022    USD   37.620
Leonteq Securities A   24.120  12/30/2022    CHF   61.500
Landesbank Baden-Wue    2.300  12/22/2023    EUR   69.770
Landesbank Baden-Wue    5.900  12/22/2023    EUR   46.070
Landesbank Baden-Wue    9.500  12/22/2023    EUR   57.510
Landesbank Baden-Wue    4.800  12/22/2023    EUR   72.630
Landesbank Baden-Wue    2.600  12/22/2023    EUR   60.680
Landesbank Baden-Wue    4.300  12/22/2023    EUR   74.220
Landesbank Baden-Wue    7.000  12/22/2023    EUR   35.110
Landesbank Baden-Wue    4.150  12/22/2023    EUR   56.260
UniCredit Bank AG       7.000   3/15/2023    EUR   70.750
UniCredit Bank AG       7.600   3/15/2023    EUR   40.620
Credit Suisse AG/Lon    8.500   5/10/2023    USD   69.770
Vontobel Financial P    8.000  12/23/2022    EUR   73.090
UBS AG/London           7.250  12/29/2023    CHF   68.900
UBS AG/London           8.500   6/29/2023    CHF   64.600
UBS AG/London           6.500  12/29/2023    CHF   63.650
UBS AG/London          17.500  12/29/2022    USD   54.950
Societe Generale Eff    8.000   1/27/2023    EUR   56.880
Vontobel Financial P    5.000   3/24/2023    EUR   61.180
Vontobel Financial P   21.500  12/23/2022    EUR   65.020
Vontobel Financial P   15.000   3/24/2023    EUR   68.120
Vontobel Financial P   11.500  12/23/2022    EUR   71.670
Vontobel Financial P   14.000  12/23/2022    EUR   69.280
Vontobel Financial P   11.000   3/24/2023    EUR   72.440
Credit Suisse AG/Lon    4.600   3/31/2023    USD    8.810
Credit Suisse AG/Lon    6.200   3/31/2023    USD    8.890
Vontobel Financial P   13.000  12/23/2022    EUR   71.690
Vontobel Financial P   18.500   3/24/2023    EUR   65.980
Vontobel Financial P    7.500  12/23/2022    EUR   55.790
Vontobel Financial P   12.000  12/23/2022    EUR   50.550
Vontobel Financial P   17.500  12/23/2022    EUR   46.380
Vontobel Financial P   17.000   3/24/2023    EUR   70.700
Vontobel Financial P   15.000   3/24/2023    EUR   73.790
Vontobel Financial P   16.500   3/24/2023    EUR   70.140
Vontobel Financial P   13.500   3/24/2023    EUR   73.790
Vontobel Financial P   16.000  12/23/2022    EUR   67.710
Vontobel Financial P   19.500  12/23/2022    EUR   64.230
Vontobel Financial P   18.000  12/23/2022    EUR   65.940
Vontobel Financial P   13.500  12/23/2022    EUR   74.160
Vontobel Financial P   16.500  12/23/2022    EUR   70.880
Vontobel Financial P   18.000  12/23/2022    EUR   69.350
Vontobel Financial P   19.500  12/23/2022    EUR   67.890
Vontobel Financial P   20.500  12/23/2022    EUR   66.470
Banque Cantonale Vau   12.360   6/27/2023    CHF   73.020
Vontobel Financial P   13.500   3/24/2023    EUR   69.320
Vontobel Financial P   11.500  12/23/2022    EUR   71.590
Vontobel Financial P   13.000  12/23/2022    EUR   69.720
Vontobel Financial P   18.000  12/23/2022    EUR   72.730
Vontobel Financial P   16.000  12/23/2022    EUR   74.590
Vontobel Financial P   15.500   3/24/2023    EUR   71.290
Vontobel Financial P   14.500   3/24/2023    EUR   68.230
Vontobel Financial P   13.000   3/24/2023    EUR   50.600
Vontobel Financial P   10.000   3/24/2023    EUR   52.780
Vontobel Financial P    8.000   3/24/2023    EUR   55.720
Vontobel Financial P   14.000   3/24/2023    EUR   49.490
Vontobel Financial P   11.500   3/24/2023    EUR   51.640
Vontobel Financial P   19.000  12/23/2022    EUR   45.140
Vontobel Financial P   17.000   3/24/2023    EUR   47.830
Vontobel Financial P   15.500   3/24/2023    EUR   48.620
Vontobel Financial P   10.500  12/23/2022    EUR   52.170
Vontobel Financial P   10.000  12/23/2022    EUR   74.300
Vontobel Financial P   12.500   3/24/2023    EUR   70.470
Vontobel Financial P   14.500   3/24/2023    EUR   68.810
Vontobel Financial P    9.500   3/24/2023    EUR   74.550
Vontobel Financial P   17.500   3/24/2023    EUR   65.600
Vontobel Financial P   19.000   3/24/2023    EUR   64.180
Vontobel Financial P   13.000  12/23/2022    EUR   70.040
Vontobel Financial P   15.000  12/23/2022    EUR   67.700
Vontobel Financial P   16.000   3/24/2023    EUR   67.140
Vontobel Financial P   11.000  12/23/2022    EUR   72.570
Vontobel Financial P   21.500  12/23/2022    EUR   61.660
Vontobel Financial P   17.500  12/23/2022    EUR   65.560
Vontobel Financial P   19.500  12/23/2022    EUR   63.540
Vontobel Financial P   16.000   3/24/2023    EUR   74.520
Vontobel Financial P   17.000   3/24/2023    EUR   73.050
DZ Bank AG Deutsche    15.400   6/23/2023    EUR   60.970
DZ Bank AG Deutsche    17.000   6/23/2023    EUR   58.520
DZ Bank AG Deutsche    13.900   6/23/2023    EUR   63.790
DZ Bank AG Deutsche    18.600   6/23/2023    EUR   56.400
DZ Bank AG Deutsche     7.400   2/24/2023    EUR   52.200
DZ Bank AG Deutsche     9.600   2/24/2023    EUR   50.140
DZ Bank AG Deutsche     3.800   6/23/2023    EUR   55.500
DZ Bank AG Deutsche     5.000   6/23/2023    EUR   53.190
DZ Bank AG Deutsche     6.400   6/23/2023    EUR   51.290
DZ Bank AG Deutsche     8.000   6/23/2023    EUR   49.750
DZ Bank AG Deutsche     9.400   2/24/2023    EUR   71.620
DZ Bank AG Deutsche     8.200   6/23/2023    EUR   70.850
DZ Bank AG Deutsche     6.100   6/23/2023    EUR   56.410
DZ Bank AG Deutsche    12.500   6/23/2023    EUR   67.690
Sberbank of Russia P    0.010  12/30/2026    RUB   73.800
Leonteq Securities A    7.000    1/5/2024    CHF   72.160
DZ Bank AG Deutsche     4.700   6/23/2023    EUR   74.310
DZ Bank AG Deutsche     6.800   6/23/2023    EUR   70.320
DZ Bank AG Deutsche    12.400   2/24/2023    EUR   62.840
DZ Bank AG Deutsche     8.800   6/23/2023    EUR   66.010
DZ Bank AG Deutsche     7.900   6/23/2023    EUR   70.380
DZ Bank AG Deutsche    22.800   2/24/2023    EUR   66.800
DZ Bank AG Deutsche    24.900   2/24/2023    EUR   63.120
DZ Bank AG Deutsche    18.100   6/23/2023    EUR   72.740
DZ Bank AG Deutsche    19.500   6/23/2023    EUR   69.770
DZ Bank AG Deutsche    20.900   6/23/2023    EUR   67.060
DZ Bank AG Deutsche    22.400   6/23/2023    EUR   64.430
DZ Bank AG Deutsche    13.600   6/23/2023    EUR   74.340
Leonteq Securities A    9.000    1/3/2023    USD   57.440
Leonteq Securities A    8.000   6/30/2023    CHF   66.000
VTB Bank PJSC           0.010  12/20/2024    RUB   74.850
Raiffeisen Schweiz G   14.200   2/14/2023    CHF   54.080
Raiffeisen Schweiz G   15.000   2/14/2023    CHF   71.500
Raiffeisen Switzerla    8.600   8/11/2023    USD   67.530
DZ Bank AG Deutsche     5.600   3/20/2023    EUR   72.620
Leonteq Securities A    7.000   2/13/2023    EUR   56.110
Leonteq Securities A   24.120  12/28/2022    CHF    8.990
UBS AG/London           5.250   9/11/2023    EUR   70.740
Leonteq Securities A    8.000   6/30/2023    CHF   66.020
Leonteq Securities A   12.000   3/30/2023    CHF   16.180
DZ Bank AG Deutsche     4.750  12/19/2022    EUR   48.960
Raiffeisen Switzerla   15.000  12/30/2022    CHF   57.060
Raiffeisen Switzerla   20.000  12/30/2022    CHF   66.230
Raiffeisen Switzerla    6.500    1/3/2024    CHF   67.140
Raiffeisen Switzerla   12.000  12/30/2022    CHF   36.200
BNP Paribas Emission    3.000   2/11/2026    EUR   64.200
Credit Suisse AG/Lon   12.000   2/13/2023    CHF   14.350
Credit Suisse AG/Lon    8.000   2/13/2023    CHF   74.160
Zurcher Kantonalbank    9.000   6/28/2023    CHF   71.180
Vontobel Financial P    7.500  12/23/2022    EUR   59.030
Vontobel Financial P    3.500   3/24/2023    EUR   67.360
Vontobel Financial P    7.500   3/24/2023    EUR   59.120
Bank Julius Baer & C   13.500   2/15/2023    CHF   57.650
Basler Kantonalbank    15.000   5/24/2023    CHF   20.000
UBS AG/London          16.750    3/2/2023    USD   63.300
UBS AG/London          11.500    3/2/2023    USD   73.750
UBS AG/London          14.000    3/2/2023    CHF   63.650
Vontobel Financial P   13.500  12/23/2022    EUR   57.710
Vontobel Financial P   19.500  12/23/2022    EUR   56.160
Landesbank Baden-Wue    2.400  12/22/2023    EUR   56.230
Landesbank Baden-Wue    5.000  12/22/2023    EUR   63.110
Landesbank Baden-Wue    4.200  12/22/2023    EUR   56.260
Landesbank Baden-Wue    2.300  12/22/2023    EUR   56.950
Landesbank Baden-Wue    6.300  12/22/2023    EUR   59.460
Landesbank Baden-Wue    3.000  12/22/2023    EUR   68.230
Landesbank Baden-Wue    9.200  12/22/2023    EUR   72.560
Landesbank Baden-Wue    2.500  12/22/2023    EUR   59.260
Landesbank Baden-Wue    3.000  12/22/2023    EUR   56.340
Landesbank Baden-Wue    5.600  12/22/2023    EUR   71.120
Societe Generale Eff   15.750  12/23/2022    EUR   62.770
Societe Generale Eff    4.750  12/23/2022    EUR   62.810
Vontobel Financial P    6.500  12/23/2022    EUR   74.990
Vontobel Financial P    8.250  12/23/2022    EUR   66.480
Vontobel Financial P   13.250  12/23/2022    EUR   59.970
Vontobel Financial P   11.000  12/23/2022    EUR   52.260
Vontobel Financial P   21.750  12/23/2022    EUR   68.160
Vontobel Financial P   22.000  12/23/2022    EUR   44.890
UBS AG/London           9.500   6/29/2023    CHF   41.100
UBS AG/London           6.500  12/29/2023    USD   39.200
UBS AG/London           6.000   6/29/2023    CHF   69.100
UBS AG/London          13.750  12/29/2022    CHF   62.650
Societe Generale Eff    6.000   1/27/2023    EUR   60.980
Vontobel Financial P    7.710   3/30/2023    EUR   74.860
Vontobel Financial P    7.000   3/24/2023    EUR   57.380
Vontobel Financial P   10.000  12/23/2022    EUR   73.580
Vontobel Financial P   16.500   3/24/2023    EUR   66.800
Vontobel Financial P   11.500   3/24/2023    EUR   71.840
Vontobel Financial P   15.000  12/23/2022    EUR   67.990
Vontobel Financial P   10.000   3/24/2023    EUR   73.770
Vontobel Financial P   12.000   3/24/2023    EUR   73.030
Vontobel Financial P    6.500  12/23/2022    EUR   57.860
Vontobel Financial P   15.500  12/23/2022    EUR   47.660
Vontobel Financial P   13.500  12/23/2022    EUR   49.040
Vontobel Financial P    9.000  12/23/2022    EUR   53.910
Vontobel Financial P   19.000   3/24/2023    EUR   67.960
Vontobel Financial P   14.500   3/24/2023    EUR   72.510
Vontobel Financial P   19.000   3/24/2023    EUR   68.160
Vontobel Financial P   17.500   3/24/2023    EUR   69.040
Vontobel Financial P   15.000   3/24/2023    EUR   69.170
Vontobel Financial P   11.500  12/23/2022    EUR   73.870
Credit Suisse AG/Lon    9.250  12/27/2022    CHF    8.320
Credit Suisse AG/Lon    8.500   3/24/2023    USD   56.550
Zurcher Kantonalbank    9.000  12/27/2022    CHF   70.660
Vontobel Financial P   15.000  12/23/2022    EUR   72.470
DZ Bank AG Deutsche     7.700   6/23/2023    EUR   71.240
Leonteq Securities A   19.000    1/3/2023    CHF   31.830
DZ Bank AG Deutsche    13.100  12/23/2022    EUR   66.630
DZ Bank AG Deutsche    10.200   2/24/2023    EUR   65.650
DZ Bank AG Deutsche    12.100   6/23/2023    EUR   61.950
DZ Bank AG Deutsche    10.900   6/23/2023    EUR   66.630
DZ Bank AG Deutsche    23.000  12/23/2022    EUR   68.790
DZ Bank AG Deutsche    21.900   3/24/2023    EUR   67.580
DZ Bank AG Deutsche    23.800   3/24/2023    EUR   64.190
DZ Bank AG Deutsche    17.800  12/23/2022    EUR   70.050
DZ Bank AG Deutsche    15.300   3/24/2023    EUR   73.440
DZ Bank AG Deutsche     9.700   2/24/2023    EUR   71.310
Leonteq Securities A   11.000   3/30/2023    CHF   39.000
Raiffeisen Schweiz G   11.300   2/14/2023    CHF   49.980
EFG International Fi   16.000   2/16/2023    USD   61.660
Landesbank Hessen-Th    1.510    4/3/2036    EUR   74.348
Corner Banca SA        10.000   8/25/2023    CHF   69.890
Leonteq Securities A   14.000   2/28/2023    EUR   51.400
Bank Vontobel AG       11.000   2/23/2024    CHF   25.100
Credit Suisse AG/Lon   10.250   5/22/2023    EUR   55.160
DZ Bank AG Deutsche     4.250   3/22/2023    EUR   50.590
DZ Bank AG Deutsche     7.750   3/22/2023    EUR   74.160
Bank Julius Baer & C   15.000   8/29/2023    CHF   27.650
UBS AG/London          15.000   3/16/2023    EUR   61.750
Credit Suisse AG/Lon    6.000   1/13/2023    CHF   70.620
Bank Vontobel AG        8.250   7/14/2023    EUR   73.100
Bank Vontobel AG        6.750   7/14/2023    CHF   62.100
Landesbank Baden-Wue    4.850   9/22/2023    EUR   56.560
NRW Bank                1.033   1/27/2042    EUR   74.060
Erste Group Bank AG     6.750   2/15/2023    EUR   71.000
Erste Group Bank AG     4.750   2/15/2023    EUR   73.500
Banque International   11.000   7/12/2023    EUR   56.180
BNP Paribas Emission    3.000   3/23/2023    EUR   69.230
BNP Paribas Emission    4.000   3/23/2023    EUR   59.540
BNP Paribas Emission    4.000   3/23/2023    EUR   57.380
Bank Julius Baer & C   11.750   4/18/2023    USD   73.050
Landesbank Baden-Wue    1.600   4/28/2023    EUR   57.510
Landesbank Baden-Wue    3.600   4/28/2023    EUR   49.840
Landesbank Baden-Wue    5.250   4/28/2023    EUR   46.010
Landesbank Baden-Wue    5.750   4/28/2023    EUR   70.950
Landesbank Baden-Wue    1.750   4/28/2023    EUR   67.610
Landesbank Baden-Wue    3.000   4/28/2023    EUR   62.700
Landesbank Baden-Wue    3.300   4/28/2023    EUR   68.340
Landesbank Baden-Wue    6.500   4/28/2023    EUR   43.930
Landesbank Baden-Wue    2.000   4/28/2023    EUR   74.950
Landesbank Baden-Wue    3.000   4/28/2023    EUR   71.560
Landesbank Baden-Wue    4.750   4/28/2023    EUR   65.790
Raiffeisen Schweiz G   10.000  10/11/2023    CHF   57.840
Zurcher Kantonalbank    9.400  10/11/2023    EUR   71.210
Sberbank of Russia P    0.010   1/15/2027    RUB   66.000
Vontobel Financial P   12.000  12/23/2022    EUR   51.420
Vontobel Financial P    6.000  12/23/2022    EUR   73.370
Vontobel Financial P    7.250  12/23/2022    EUR   59.820
Credit Suisse AG/Lon    8.000   1/17/2023    CHF   49.580
Zurcher Kantonalbank    7.250   7/17/2023    CHF   73.560
Zurcher Kantonalbank    7.500   1/17/2023    CHF   73.530
Zurcher Kantonalbank    8.000   1/17/2023    CHF   69.850
Zurcher Kantonalbank   29.000   1/17/2023    CHF   40.840
Zurcher Kantonalbank   15.500   1/17/2023    CHF   65.710
Zurcher Kantonalbank   21.500   1/17/2023    CHF   71.700
Zurcher Kantonalbank   12.000   1/17/2023    EUR   32.060
Zurcher Kantonalbank   17.700   1/17/2023    CHF   60.560
Raiffeisen Centroban   10.234   3/22/2023    EUR   65.320
Landesbank Baden-Wue   10.750   1/27/2023    EUR   67.000
Landesbank Baden-Wue    5.030   1/27/2023    EUR   73.670
Single Platform Inve    1.762   5/25/2066    EUR   61.636
Leonteq Securities A   12.000   4/24/2023    USD   56.320
Leonteq Securities A   14.000   1/24/2023    EUR   30.580
Corner Banca SA        10.000   7/24/2023    USD   63.990
Leonteq Securities A   17.000   1/24/2023    CHF   54.340
Leonteq Securities A   15.000   4/21/2023    CHF   39.950
Corner Banca SA        16.000   1/24/2023    CHF   14.920
Leonteq Securities A   14.000   4/21/2023    CHF   52.410
Leonteq Securities A   13.000   4/21/2023    CHF   59.060
Leonteq Securities A   15.000   1/24/2023    CHF   57.500
Leonteq Securities A    8.000   7/21/2023    CHF   70.800
Societe Generale Eff    9.500  12/23/2022    EUR   74.540
Societe Generale Eff   10.500  12/23/2022    EUR   73.080
Societe Generale Eff   10.250  12/23/2022    EUR   72.600
Societe Generale Eff   16.750  12/23/2022    EUR   56.510
Societe Generale Eff    9.750  12/23/2022    EUR   49.820
Societe Generale Eff    6.250  12/23/2022    EUR   60.550
Societe Generale Eff    8.250  12/23/2022    EUR   57.050
Societe Generale Eff   10.250  12/23/2022    EUR   54.410
BNP Paribas Emission    5.300    9/1/2023    EUR   74.200
UniCredit Bank AG       8.200   3/30/2023    EUR   73.070
Sberbank of Russia P    0.010   2/26/2027    RUB   69.500
Vontobel Financial P    3.450   2/27/2023    EUR   70.050
Credit Suisse AG/Lon   14.750   8/18/2023    USD   62.510
UBS AG/London          18.000   4/15/2024    USD   64.300
Bank Julius Baer & C    9.000   5/25/2023    USD   57.250
Leonteq Securities A   26.400   2/24/2023    CHF   19.410
Leonteq Securities A    9.000   8/24/2023    CHF   72.150
Luzerner Kantonalban   15.750   2/21/2023    CHF   51.580
Corner Banca SA        15.000   5/30/2023    CHF   53.920
Leonteq Securities A   12.000   5/30/2023    CHF   54.010
Basler Kantonalbank     7.000   7/14/2023    CHF   68.770
Norddeutsche Landesb    0.400   8/13/2031    EUR   72.221
Norddeutsche Landesb    1.000   8/13/2036    EUR   66.361
Landesbank Hessen-Th    1.000   8/19/2036    EUR   66.500
EFG International Fi    9.000   1/16/2023    CHF   11.550
Corner Banca SA         8.000   1/12/2023    CHF   65.020
Progressio Infrastru    1.250   4/25/2033    EUR   74.900
Goldman Sachs & Co W    7.000   6/21/2023    EUR   74.510
Leonteq Securities A    5.600   7/19/2023    CHF   73.110
Leonteq Securities A   10.000   1/19/2023    CHF   47.110
Leonteq Securities A   10.400   1/19/2023    CHF   34.000
Leonteq Securities A   10.000   1/16/2023    CHF   45.720
Bank Vontobel AG       10.500   1/16/2023    CHF   42.200
Landesbank Hessen-Th    0.450   8/19/2031    EUR   73.382
Leonteq Securities A   10.000   1/19/2023    USD    9.290
Leonteq Securities A   11.000   1/19/2023    CHF   68.960
Corner Banca SA        22.000   9/19/2023    EUR   58.940
DZ Bank AG Deutsche     7.250   9/20/2023    EUR   40.210
DZ Bank AG Deutsche     8.500  12/21/2022    EUR   74.500
Vontobel Financial P   16.500   6/23/2023    EUR   69.030
Vontobel Financial P    7.500   9/22/2023    EUR   58.360
Vontobel Financial P   13.000   9/22/2023    EUR   73.760
BNP Paribas Emission    3.000   3/23/2023    EUR   72.930
Leonteq Securities A   25.000   7/18/2023    CHF   51.210
Corner Banca SA        27.000   7/18/2023    USD   64.260
DZ Bank AG Deutsche    11.000  12/21/2022    EUR   60.120
Bank Julius Baer & C   12.150   7/19/2023    CHF   67.550
UBS AG/London          19.000   7/15/2024    CHF   59.600
Bank Vontobel AG        6.000  10/16/2023    CHF   69.300
Bank Vontobel AG       16.500   7/17/2023    CHF   45.000
Vontobel Financial P   10.750   3/21/2023    EUR   36.460
DZ Bank AG Deutsche     4.000  12/23/2022    EUR   59.870
Societe Generale Eff   10.500   1/27/2023    EUR   73.770
Societe Generale Eff   12.500   1/27/2023    EUR   70.080
DekaBank Deutsche Gi    3.000   1/27/2023    EUR   74.360
Leonteq Securities A   14.000   5/22/2023    CHF   49.430
Leonteq Securities A   22.000   2/22/2023    CHF   47.150
Leonteq Securities A   12.000   5/22/2023    CHF   69.990
Leonteq Securities A   12.000   8/18/2023    CHF   64.850
Leonteq Securities A   10.000   8/18/2023    CHF   58.590
Leonteq Securities A   18.000   2/22/2023    CHF   51.310
Corner Banca SA        20.000   2/22/2023    CHF   35.810
Credit Suisse AG/Lon   10.250   2/15/2023    USD   69.780
Zurcher Kantonalbank    6.500   2/15/2023    CHF   43.120
Zurcher Kantonalbank   12.000   2/15/2023    CHF   24.680
Zurcher Kantonalbank   21.800   2/15/2023    CHF   57.520
Norddeutsche Landesb    1.390    7/9/2038    EUR   67.621
Landesbank Hessen-Th    0.520   7/14/2031    EUR   74.135
Leonteq Securities A   10.000   7/12/2023    CHF   52.280
Leonteq Securities A    8.000   1/12/2023    CHF   68.830
Leonteq Securities A    9.000   1/12/2023    USD   55.890
EFG International Fi   13.000    1/5/2023    CHF   49.400
EFG International Fi    8.700   7/13/2023    EUR   20.120
DekaBank Deutsche Gi    3.100   7/21/2023    EUR   67.670
EFG International Fi   13.000    1/6/2023    USD   40.540
Goldman Sachs & Co W    6.000   3/22/2023    EUR   45.820
Goldman Sachs & Co W    6.000   6/21/2023    EUR   62.770
Goldman Sachs & Co W    6.000  12/21/2022    EUR   71.180
Goldman Sachs & Co W    6.000   3/22/2023    EUR   72.670
Goldman Sachs & Co W    6.000   6/21/2023    EUR   71.290
Goldman Sachs & Co W    7.000  12/21/2022    EUR   41.610
Goldman Sachs & Co W    7.000  12/21/2022    EUR   61.040
Goldman Sachs & Co W    7.000   3/22/2023    EUR   68.110
Bank Vontobel AG        8.000   1/10/2023    CHF   51.700
Bank Vontobel AG       11.000   1/10/2023    CHF   66.800
Goldman Sachs & Co W    5.000   3/22/2023    EUR   48.190
Goldman Sachs & Co W    3.000   3/22/2023    EUR   53.530
Goldman Sachs & Co W    3.000   6/21/2023    EUR   57.310
SG Issuer SA            0.021   6/14/2033    EUR   74.760
DekaBank Deutsche Gi    2.300   8/11/2023    EUR   57.240
Landesbank Baden-Wue    0.500   7/30/2031    EUR   73.260
Zurcher Kantonalbank   22.100   9/10/2024    USD   72.200
Zurcher Kantonalbank    6.800   1/16/2023    CHF   65.140
SG Issuer SA            0.015   11/7/2033    EUR   64.330
SG Issuer SA            0.021   8/15/2033    EUR   55.140
Landesbank Baden-Wue    2.100   8/22/2025    EUR   73.450
Landesbank Baden-Wue    3.000   8/22/2025    EUR   74.860
Raiffeisen Schweiz G    6.300   7/12/2023    CHF   69.190
Landesbank Hessen-Th    0.460   7/20/2032    EUR   70.040
Landesbank Baden-Wue    6.000   9/22/2023    EUR   74.360
Landesbank Baden-Wue   13.000   9/22/2023    EUR   61.880
DekaBank Deutsche Gi    3.550   8/11/2025    EUR   71.670
Zurcher Kantonalbank    4.500   7/14/2023    CHF   39.190
EFG International Fi    8.000   1/19/2023    CHF   35.960
Hypo Tirol Bank AG      1.320   7/16/2041    EUR   66.563
Leonteq Securities A    8.400   1/16/2023    CHF   38.740
Corner Banca SA         8.000   1/16/2023    CHF   50.070
Landesbank Hessen-Th    0.550   8/19/2032    EUR   70.388
Bank Vontobel AG       10.500   1/16/2023    CHF   42.200
Bank Vontobel AG       10.000   1/16/2023    EUR   21.700
Landesbank Hessen-Th    0.750   8/19/2036    EUR   61.289
Luzerner Kantonalban    7.500    8/9/2023    CHF   13.370
Vontobel Financial P    6.250   1/20/2023    EUR   58.790
DZ Bank AG Deutsche     6.000   3/24/2023    EUR   65.450
Raiffeisen Schweiz G    8.000   10/4/2023    CHF   74.820
Vontobel Financial P   12.050    5/3/2023    EUR   69.360
Corner Banca SA        10.000   10/4/2023    EUR   58.870
Raiffeisen Schweiz G   15.000    7/5/2023    CHF   59.940
Raiffeisen Schweiz G   15.300    4/4/2023    CHF   52.260
Leonteq Securities A   14.400    7/4/2023    CHF   54.370
Leonteq Securities A    9.400    4/4/2023    USD   61.490
Leonteq Securities A   15.000   10/4/2023    CHF   66.410
Zurcher Kantonalbank   22.800   3/31/2023    USD   67.580
Zurcher Kantonalbank   15.500   3/30/2023    USD   65.380
Zurcher Kantonalbank   10.000   3/31/2023    EUR   63.600
Zurcher Kantonalbank   10.500   3/31/2023    CHF   65.230
Bank Vontobel AG       10.000    4/3/2023    CHF   52.700
Bank Vontobel AG        7.500   10/2/2023    CHF   62.300
Bank Vontobel AG       18.000    4/3/2023    CHF   60.700
Bank Vontobel AG        9.000   10/2/2023    EUR   60.900
Bank Vontobel AG       14.000   10/2/2023    CHF   33.900
UBS AG/London          16.000    4/1/2024    USD   69.100
UBS AG/London          14.750    4/1/2024    USD   64.950
UBS AG/London          16.000   10/2/2023    CHF   59.900
UBS AG/London          12.250    4/1/2024    USD   66.650
Credit Suisse AG/Lon   10.000   3/28/2023    CHF   20.060
Credit Suisse AG/Lon   12.000   3/29/2023    CHF   54.370
Credit Suisse AG/Lon    8.250   3/29/2023    CHF   68.430
Credit Suisse AG/Lon   18.000   3/31/2023    USD   53.940
UniCredit Bank AG      10.850   1/18/2023    EUR   65.290
DZ Bank AG Deutsche    16.000  12/23/2022    EUR   41.260
Landesbank Hessen-Th    1.050   1/20/2037    EUR   68.488
Raiffeisen Schweiz G   19.710  12/14/2022    CHF   58.450
UniCredit Bank AG      10.850   1/18/2023    EUR   53.250
DZ Bank AG Deutsche     8.250  12/19/2022    EUR   69.060
DZ Bank AG Deutsche     6.250   3/20/2023    EUR   74.220
Vontobel Financial P   12.000  12/23/2022    EUR   67.870
Vontobel Financial P   16.500  12/23/2022    EUR   65.210
Vontobel Financial P   15.500  12/23/2022    EUR   62.930
Vontobel Financial P   17.500  12/23/2022    EUR   60.770
Vontobel Financial P    9.000  12/23/2022    EUR   73.780
Vontobel Financial P   13.500  12/23/2022    EUR   68.400
Vontobel Financial P   14.000  12/23/2022    EUR   65.320
Vontobel Financial P   16.000  12/23/2022    EUR   69.680
Vontobel Financial P   14.000  12/23/2022    EUR   72.680
UniCredit Bank AG       8.550   1/18/2023    EUR   54.520
EFG International Fi    6.530  12/13/2022    USD   43.490
DekaBank Deutsche Gi    7.050   4/28/2023    EUR   60.470
UniCredit Bank AG      20.000    1/9/2023    EUR   65.200
Bank Vontobel AG        7.500   12/8/2023    CHF   71.100
Bank Vontobel AG       10.000   6/12/2023    CHF   13.400
Bank Vontobel AG        5.000  12/11/2023    CHF   68.000
Bank Vontobel AG        7.000  12/11/2023    CHF   67.000
DZ Bank AG Deutsche    10.250  12/21/2022    EUR   28.710
Basler Kantonalbank    11.000  12/22/2022    CHF   63.080
Bank Julius Baer & C    8.450  12/14/2022    CHF   45.850
Vontobel Financial P   10.500   3/24/2023    EUR   40.460
Vontobel Financial P   10.500   3/24/2023    EUR   62.280
Vontobel Financial P    9.000   3/24/2023    EUR   63.700
Vontobel Financial P    4.500  12/23/2022    EUR   72.310
Vontobel Financial P    5.500  12/23/2022    EUR   69.720
Vontobel Financial P    9.500  12/23/2022    EUR   63.030
Vontobel Financial P   11.000   3/24/2023    EUR   69.120
Vontobel Financial P   10.000   3/24/2023    EUR   71.030
Vontobel Financial P   14.000   3/24/2023    EUR   65.970
Vontobel Financial P   12.000  12/23/2022    EUR   68.200
Vontobel Financial P   13.500  12/23/2022    EUR   66.080
Vontobel Financial P   23.500   3/24/2023    EUR   57.630
Vontobel Financial P   14.000   3/24/2023    EUR   72.340
Vontobel Financial P    7.000   3/24/2023    EUR   71.950
Vontobel Financial P   16.000   3/24/2023    EUR   51.730
Vontobel Financial P   18.000  12/23/2022    EUR   48.090
Vontobel Financial P   19.500  12/23/2022    EUR   74.480
Vontobel Financial P    8.000   3/24/2023    EUR   73.400
Vontobel Financial P    9.000   3/24/2023    EUR   71.790
Vontobel Financial P    7.000   3/24/2023    EUR   74.930
Vontobel Financial P   12.500   3/24/2023    EUR   67.840
Vontobel Financial P   16.000   3/24/2023    EUR   64.490
Vontobel Financial P   10.500  12/23/2022    EUR   70.030
Vontobel Financial P   13.500  12/23/2022    EUR   66.670
Vontobel Financial P   15.000  12/23/2022    EUR   65.140
Vontobel Financial P   23.000  12/23/2022    EUR   73.270
Vontobel Financial P   19.500   9/22/2023    EUR   71.860
Vontobel Financial P   18.000   9/22/2023    EUR   73.320
Vontobel Financial P   20.500   9/22/2023    EUR   70.260
Vontobel Financial P   14.000   6/23/2023    EUR   70.770
Vontobel Financial P    8.000   9/22/2023    EUR   65.850
Vontobel Financial P   17.500   6/23/2023    EUR   74.740
BNP Paribas Emission    5.000   9/21/2023    EUR   73.690
DekaBank Deutsche Gi    3.200   7/21/2023    EUR   70.570
DekaBank Deutsche Gi    3.000   7/21/2023    EUR   74.340
Leonteq Securities A    8.000   1/12/2023    CHF   36.190
Leonteq Securities A   10.000   1/12/2023    CHF   24.940
Leonteq Securities A    9.000   1/12/2023    CHF   56.280
Leonteq Securities A    6.200   7/12/2023    CHF   66.190
Leonteq Securities A   10.000    1/9/2023    EUR   67.300
Goldman Sachs & Co W    6.000  12/21/2022    EUR   43.720
Goldman Sachs & Co W    6.000   6/21/2023    EUR   46.950
Leonteq Securities A   12.000   1/12/2023    CHF   29.930
Goldman Sachs & Co W    7.000   3/22/2023    EUR   43.920
Goldman Sachs & Co W    7.000   6/21/2023    EUR   44.670
Goldman Sachs & Co W    7.000   6/21/2023    EUR   67.160
Goldman Sachs & Co W    8.000   6/21/2023    EUR   43.260
Bank Vontobel AG        8.000   1/10/2023    CHF   51.700
Bank Vontobel AG        7.000   1/10/2023    CHF   66.900
Goldman Sachs & Co W    5.000  12/21/2022    EUR   47.000
Goldman Sachs & Co W    5.000   6/21/2023    EUR   49.000
Goldman Sachs & Co W    5.000  12/21/2022    EUR   73.950
Goldman Sachs & Co W    5.000   6/21/2023    EUR   73.310
Goldman Sachs & Co W    3.000  12/21/2022    EUR   52.970
Goldman Sachs & Co W    3.000   6/21/2023    EUR   53.800
Landesbank Hessen-Th    1.000   8/18/2036    EUR   68.250
DekaBank Deutsche Gi    2.100   8/11/2023    EUR   73.690
DekaBank Deutsche Gi    2.300    8/9/2024    EUR   70.710
SG Issuer SA            0.021    7/7/2033    EUR   65.470
Raiffeisen Schweiz G    6.500   1/12/2023    CHF   53.070
Landesbank Hessen-Th    0.750   8/18/2036    EUR   65.834
DZ Bank AG Deutsche     0.500   8/18/2036    EUR   68.268
DZ Bank AG Deutsche     0.110   8/17/2032    EUR   74.185
Landesbank Baden-Wue   10.000   9/22/2023    EUR   66.070
EFG International Fi   11.000    8/9/2023    CHF   59.100
EFG International Fi   20.000    2/9/2023    USD   29.540
Vontobel Financial P   19.000   3/24/2023    EUR   62.300
Vontobel Financial P   15.500  12/23/2022    EUR   66.530
Vontobel Financial P   14.000  12/23/2022    EUR   69.440
Vontobel Financial P   19.500  12/23/2022    EUR   61.530
Vontobel Financial P   16.000   3/24/2023    EUR   65.740
Vontobel Financial P   17.500  12/23/2022    EUR   63.930
Norddeutsche Landesb    1.300   3/16/2037    EUR   68.829
Vontobel Financial P   20.000   3/24/2023    EUR   63.200
Vontobel Financial P   18.500   3/24/2023    EUR   64.630
Vontobel Financial P   17.000   3/24/2023    EUR   66.160
Vontobel Financial P   18.500  12/23/2022    EUR   64.460
Vontobel Financial P   15.500  12/23/2022    EUR   69.130
Vontobel Financial P   12.500  12/23/2022    EUR   74.620
Vontobel Financial P   17.000  12/23/2022    EUR   66.710
Vontobel Financial P   13.000   3/24/2023    EUR   73.600
Vontobel Financial P   14.500   3/24/2023    EUR   72.200
Vontobel Financial P   14.500  12/23/2022    EUR   72.630
Vontobel Financial P   12.000   3/24/2023    EUR   72.280
Vontobel Financial P   13.000  12/23/2022    EUR   74.650
Vontobel Financial P   17.500   3/24/2023    EUR   63.960
DZ Bank AG Deutsche     5.000   3/22/2023    EUR   74.650
DZ Bank AG Deutsche    10.750  12/21/2022    EUR   33.920
DZ Bank AG Deutsche     8.500   3/22/2023    EUR   30.940
DZ Bank AG Deutsche     6.250  12/21/2022    EUR   50.480
Natixis SA              2.780   10/5/2036    AUD   65.135
Landesbank Baden-Wue    2.250   3/24/2023    EUR   57.140
Landesbank Baden-Wue    4.900   3/24/2023    EUR   50.200
Landesbank Baden-Wue    6.150   3/24/2023    EUR   68.090
Leonteq Securities A   21.000   2/14/2023    CHF   18.560
Landesbank Baden-Wue    3.500   3/24/2023    EUR   58.220
Landesbank Baden-Wue    8.650   3/24/2023    EUR   41.180
Landesbank Baden-Wue    3.000   3/24/2023    EUR   65.030
Landesbank Baden-Wue    8.900   3/24/2023    EUR   46.490
Landesbank Baden-Wue    3.650   3/24/2023    EUR   62.650
Landesbank Baden-Wue    5.500   3/24/2023    EUR   69.010
Landesbank Baden-Wue    3.000   3/24/2023    EUR   58.300
UBS AG/London           7.000   9/25/2023    CHF   68.350
Natixis SA              2.930   7/29/2051    AUD   56.791
Landesbank Baden-Wue    2.000   8/22/2025    EUR   62.390
EFG International Fi    6.370    3/6/2023    USD   48.270
Banque Cantonale Vau    5.400   12/6/2023    CHF   49.400
UniCredit Bank AG       4.500    9/1/2025    EUR   69.480
Basler Kantonalbank     8.400   1/30/2023    CHF   70.980
Norddeutsche Landesb    0.550   8/30/2033    EUR   68.044
Norddeutsche Landesb    0.825   8/30/2033    EUR   70.382
DZ Bank AG Deutsche     6.500  12/21/2022    EUR   58.010
Bank Julius Baer & C   12.900    4/5/2023    EUR   60.700
BNP Paribas Emission   12.000   3/23/2023    EUR   72.240
BNP Paribas Emission   11.000   3/23/2023    EUR   72.450
BNP Paribas Emission   14.000   3/23/2023    EUR   66.640
BNP Paribas Emission   15.000   3/23/2023    EUR   65.450
BNP Paribas Emission   10.000   6/22/2023    EUR   70.830
BNP Paribas Emission   11.000   6/22/2023    EUR   69.020
BNP Paribas Emission   19.000   6/22/2023    EUR   73.210
BNP Paribas Emission   18.000  12/21/2023    EUR   73.300
BNP Paribas Emission   18.000  12/21/2023    EUR   71.690
BNP Paribas Emission   12.000   3/23/2023    EUR   70.280
BNP Paribas Emission   10.000  12/21/2023    EUR   74.690
BNP Paribas Emission   10.000  12/21/2023    EUR   72.290
BNP Paribas Emission   12.000  12/21/2023    EUR   72.010
BNP Paribas Emission   18.000   3/23/2023    EUR   66.080
BNP Paribas Emission   13.000   6/22/2023    EUR   70.520
BNP Paribas Emission   15.000   6/22/2023    EUR   68.090
BNP Paribas Emission   18.000   6/22/2023    EUR   65.470
BNP Paribas Emission   15.000  12/21/2023    EUR   69.330
BNP Paribas Emission   10.000  12/21/2023    EUR   70.790
BNP Paribas Emission   11.000  12/21/2023    EUR   70.470
BNP Paribas Emission   14.000  12/22/2022    EUR   74.110
BNP Paribas Emission   13.000  12/22/2022    EUR   73.910
BNP Paribas Emission   15.000  12/22/2022    EUR   70.590
BNP Paribas Emission   16.000  12/22/2022    EUR   66.040
BNP Paribas Emission    7.000   3/23/2023    EUR   73.570
BNP Paribas Emission   10.000   3/23/2023    EUR   69.760
BNP Paribas Emission   12.000   3/23/2023    EUR   66.230
BNP Paribas Emission    7.000  12/21/2023    EUR   73.450
BNP Paribas Emission    8.000  12/21/2023    EUR   71.460
BNP Paribas Emission    9.000  12/22/2022    EUR   65.730
BNP Paribas Emission   10.000  12/22/2022    EUR   62.530
BNP Paribas Emission    7.000   3/23/2023    EUR   70.600
EFG International Fi   11.000   1/30/2023    USD   46.790
Vontobel Financial P    9.250  12/23/2022    EUR   71.860
UniCredit Bank AG       4.100    9/1/2025    EUR   74.670
Landesbank Baden-Wue    7.700   2/24/2023    EUR   73.450
Leonteq Securities A   17.000  12/13/2022    USD   40.010
Leonteq Securities A    7.000  12/13/2023    CHF   70.690
Credit Suisse AG/Lon   19.250   12/6/2022    USD   42.900
BNP Paribas Emission    9.000  12/22/2022    EUR   69.350
BNP Paribas Emission   11.000  12/22/2022    EUR   64.170
BNP Paribas Emission    9.000   3/23/2023    EUR   67.710
BNP Paribas Emission    8.000   6/22/2023    EUR   71.960
BNP Paribas Emission   19.000   3/23/2023    EUR   70.740
BNP Paribas Emission   16.000  12/22/2022    EUR   65.970
BNP Paribas Emission   11.000   3/23/2023    EUR   61.340
BNP Paribas Emission   12.000   3/23/2023    EUR   57.830
BNP Paribas Emission    5.000  12/21/2023    EUR   68.500
BNP Paribas Emission    7.000  12/21/2023    EUR   63.570
BNP Paribas Emission   10.000  12/21/2023    EUR   60.740
BNP Paribas Emission   16.000  12/22/2022    EUR   55.280
BNP Paribas Emission    9.000   3/23/2023    EUR   63.590
BNP Paribas Emission    7.000  12/21/2023    EUR   60.070
BNP Paribas Emission    9.000  12/21/2023    EUR   57.820
BNP Paribas Emission   13.000  12/22/2022    EUR   70.230
BNP Paribas Emission   14.000  12/22/2022    EUR   67.520
BNP Paribas Emission   17.000  12/22/2022    EUR   65.140
BNP Paribas Emission   18.000  12/22/2022    EUR   63.600
BNP Paribas Emission   19.000  12/22/2022    EUR   62.140
BNP Paribas Emission   11.000  12/22/2022    EUR   74.580
BNP Paribas Emission   17.000  12/22/2022    EUR   69.260
BNP Paribas Emission   19.000  12/22/2022    EUR   69.180
BNP Paribas Emission   15.000   6/22/2023    EUR   73.090
BNP Paribas Emission    7.000  12/22/2022    EUR   60.250
BNP Paribas Emission    8.000   3/23/2023    EUR   56.820
BNP Paribas Emission   12.000   3/23/2023    EUR   53.500
BNP Paribas Emission    5.000   6/22/2023    EUR   61.250
BNP Paribas Emission    7.000   6/22/2023    EUR   57.080
BNP Paribas Emission   10.000   6/22/2023    EUR   54.300
BNP Paribas Emission   11.000   6/22/2023    EUR   53.270
BNP Paribas Emission   12.000   6/22/2023    EUR   51.640
BNP Paribas Emission    6.000  12/21/2023    EUR   64.020
BNP Paribas Emission   12.000   6/22/2023    EUR   71.890
BNP Paribas Emission   19.000   3/23/2023    EUR   69.780
BNP Paribas Emission   14.000  12/22/2022    EUR   74.420
BNP Paribas Emission   15.000  12/22/2022    EUR   72.700
BNP Paribas Emission   19.000  12/22/2022    EUR   68.050
BNP Paribas Emission   20.000  12/22/2022    EUR   66.630
BNP Paribas Emission   16.000  12/22/2022    EUR   67.320
BNP Paribas Emission   18.000  12/22/2022    EUR   62.730
BNP Paribas Emission   12.000   3/23/2023    EUR   74.910
BNP Paribas Emission   14.000   3/23/2023    EUR   70.310
BNP Paribas Emission   16.000   3/23/2023    EUR   66.340
BNP Paribas Emission   19.000   3/23/2023    EUR   65.820
NIBC Bank NV            2.105  10/10/2033    EUR   73.224
Skandinaviska Enskil    7.600   1/15/2024    SEK   73.150
EFG International Fi   12.000   1/30/2023    CHF   45.210
DZ Bank AG Deutsche    10.500   6/21/2023    EUR   54.580
Landesbank Baden-Wue    0.460    1/7/2031    EUR   74.967
Landesbank Baden-Wue    0.520    1/7/2032    EUR   72.742
Berlin Hyp AG           0.349  12/10/2031    EUR   74.389
UBS AG/London          14.000   3/23/2023    USD   72.750
UBS AG/London          14.250   3/23/2023    CHF   64.850
Citigroup Global Mar    1.040    8/4/2036    EUR   66.383
Landesbank Baden-Wue    3.250   8/22/2025    EUR   70.420
Vontobel Financial P    4.200   6/16/2023    USD   56.320
Vontobel Financial P    5.100   6/16/2023    USD   60.480
Vontobel Financial P   16.520   1/30/2023    EUR   60.820
Zurcher Kantonalbank   11.400   1/30/2023    CHF   71.120
Vontobel Financial P    9.750  12/23/2022    EUR   67.680
DZ Bank AG Deutsche     7.500  12/21/2022    EUR   73.510
DZ Bank AG Deutsche     6.000   3/22/2023    EUR   74.960
Bank Vontobel AG       10.250   5/19/2023    CHF   72.500
DZ Bank AG Deutsche     4.800   3/20/2023    EUR   72.640
DZ Bank AG Deutsche     7.500   6/19/2023    EUR   73.220
Leonteq Securities A   24.000   2/22/2023    CHF   63.970
Vontobel Financial P   18.700   2/24/2023    USD   60.990
DZ Bank AG Deutsche    14.300   3/24/2023    EUR   65.760
DZ Bank AG Deutsche     7.700   3/24/2023    EUR   64.420
DZ Bank AG Deutsche    13.400   3/24/2023    EUR   56.380
DZ Bank AG Deutsche    19.600   3/24/2023    EUR   56.560
DZ Bank AG Deutsche    23.800   3/24/2023    EUR   50.940
DZ Bank AG Deutsche    14.900   3/24/2023    EUR   68.170
DZ Bank AG Deutsche    11.700   3/24/2023    EUR   73.090
DZ Bank AG Deutsche    16.000   3/22/2023    EUR   54.180
DZ Bank AG Deutsche     5.250   6/21/2023    EUR   73.410
DZ Bank AG Deutsche    10.600   3/24/2023    EUR   65.500
DZ Bank AG Deutsche    14.100   3/24/2023    EUR   60.280
DZ Bank AG Deutsche    19.600   3/24/2023    EUR   47.130
DZ Bank AG Deutsche    22.400  12/23/2022    EUR   74.750
DZ Bank AG Deutsche     5.000   6/21/2023    EUR   72.950
Bank Vontobel AG       17.000   2/20/2023    EUR   50.100
Credit Suisse AG/Lon    7.000   2/17/2023    CHF   74.830
Bank Julius Baer & C    6.000   2/22/2023    CHF   54.600
Zurcher Kantonalbank    8.800   2/16/2023    CHF   38.260
Citigroup Global Mar    1.180  12/23/2036    EUR   67.699
Bank Julius Baer & C   13.900   2/22/2023    USD   74.050
DZ Bank AG Deutsche     6.800   3/20/2023    EUR   70.130
DZ Bank AG Deutsche     8.400   3/20/2023    EUR   74.510
DZ Bank AG Deutsche     5.800   3/20/2023    EUR   52.630
DZ Bank AG Deutsche     5.300   6/19/2023    EUR   51.050
DZ Bank AG Deutsche     6.900   6/19/2023    EUR   49.670
Vontobel Financial P   20.700   2/24/2023    USD   29.630
DZ Bank AG Deutsche    11.900   3/24/2023    EUR   68.430
DZ Bank AG Deutsche    15.300   3/24/2023    EUR   61.750
DZ Bank AG Deutsche     5.500  12/21/2022    EUR   49.660
DZ Bank AG Deutsche    22.800  12/23/2022    EUR   52.000
DZ Bank AG Deutsche    21.000   3/24/2023    EUR   54.470
DZ Bank AG Deutsche    11.200   3/24/2023    EUR   66.620
DZ Bank AG Deutsche    23.000   3/24/2023    EUR   45.620
DZ Bank AG Deutsche    22.700  12/23/2022    EUR   66.910
Credit Suisse AG/Lon   10.750    2/3/2023    USD   73.610
Bank Vontobel AG       18.500    2/6/2023    CHF   14.800
Bank Vontobel AG        7.500    2/5/2024    CHF   70.500
Bank Vontobel AG       10.750    5/8/2023    CHF   66.100
Bank Vontobel AG       12.250    8/4/2023    EUR   34.900
Bank Vontobel AG       12.000    8/4/2023    EUR   72.800
Bank Vontobel AG       10.500    8/4/2023    EUR   70.300
Bank Vontobel AG       17.000    2/6/2023    CHF   66.700
Zurcher Kantonalbank    7.000    2/3/2023    CHF   45.360
Zurcher Kantonalbank   26.000    2/3/2023    CHF   39.580
Vontobel Financial P    8.500   3/24/2023    EUR   42.020
Vontobel Financial P   14.500   3/24/2023    EUR   37.970
Vontobel Financial P   14.000   3/24/2023    EUR   58.340
Vontobel Financial P   12.500  12/23/2022    EUR   59.340
Vontobel Financial P   11.000  12/23/2022    EUR   61.120
Vontobel Financial P   14.000  12/23/2022    EUR   57.640
Vontobel Financial P   16.000  12/23/2022    EUR   56.100
Vontobel Financial P    8.500  12/23/2022    EUR   72.970
Vontobel Financial P   12.500   3/24/2023    EUR   67.450
Vontobel Financial P   10.000  12/23/2022    EUR   70.480
Vontobel Financial P   17.500   3/24/2023    EUR   66.530
Vontobel Financial P   15.500  12/23/2022    EUR   64.100
Vontobel Financial P   19.500  12/23/2022    EUR   62.320
Vontobel Financial P   24.000  12/23/2022    EUR   56.500
Vontobel Financial P   15.500  12/23/2022    EUR   69.660
Vontobel Financial P   20.500   3/24/2023    EUR   61.620
Vontobel Financial P    8.500   3/24/2023    EUR   72.950
Vontobel Financial P   15.000   3/24/2023    EUR   74.460
Vontobel Financial P   10.000   3/24/2023    EUR   72.880
Vontobel Financial P    6.000  12/23/2022    EUR   71.710
Vontobel Financial P   14.000  12/23/2022    EUR   72.220
Vontobel Financial P   10.000   3/24/2023    EUR   43.780
Vontobel Financial P   22.500  12/23/2022    EUR   71.490
Vontobel Financial P   10.500   3/24/2023    EUR   70.460
Vontobel Financial P   15.000   3/24/2023    EUR   65.580
Vontobel Financial P   13.500   3/24/2023    EUR   66.590
Vontobel Financial P    8.000  12/23/2022    EUR   73.840
Vontobel Financial P   11.500   3/24/2023    EUR   69.190
Vontobel Financial P    9.500  12/23/2022    EUR   71.890
Vontobel Financial P   12.000  12/23/2022    EUR   68.300
Vontobel Financial P   20.000  12/23/2022    EUR   60.970
Vontobel Financial P   18.500  12/23/2022    EUR   62.290
Vontobel Financial P   17.000  12/23/2022    EUR   63.710
Vontobel Financial P   21.500  12/23/2022    EUR   74.870
Landesbank Hessen-Th    1.580  12/16/2036    EUR   70.100
Barclays Bank PLC       3.070   12/3/2032    AUD   73.153
DZ Bank AG Deutsche     9.000   3/20/2023    EUR   71.250
Leonteq Securities A   21.600  12/14/2022    CHF   65.140
Leonteq Securities A   25.800  12/14/2022    CHF   23.760
Danske Bank A/S         3.725    1/9/2027    SEK   70.420
Raiffeisen Schweiz G   10.810  12/14/2022    CHF   47.560
Credit Suisse AG/Lon    8.500  12/15/2023    USD   69.800
Raiffeisen Switzerla   14.500   2/22/2023    CHF   34.560
Raiffeisen Schweiz G   13.000   2/21/2023    CHF   16.320
Raiffeisen Schweiz G    7.500   8/18/2023    CHF   72.920
Raiffeisen Schweiz G   18.000   2/22/2023    CHF   49.050
Credit Suisse AG/Lon    1.400   2/21/2032    EUR   74.966
Landesbank Baden-Wue    3.100   2/26/2027    EUR   72.980
Leonteq Securities A   22.200   2/22/2023    CHF   49.030
Single Platform Inve    1.480   7/25/2053    EUR   65.819
UBS AG/London          14.750   3/11/2024    CHF   70.000
UBS AG/London          12.250   3/11/2024    EUR   61.000
UBS AG/London          16.250   3/11/2024    CHF   72.000
Vontobel Financial P    7.550   2/23/2023    EUR   61.210
Bank Julius Baer & C    5.250   2/22/2023    CHF   73.750
Bank Julius Baer & C    6.650   2/22/2023    CHF   69.650
UBS AG/London           8.750   3/11/2024    USD   63.150
UBS AG/London          15.500    3/9/2023    USD   65.000
Societe Generale Eff   10.750   1/27/2023    EUR   74.750
Vontobel Financial P    8.350   2/22/2023    EUR   65.550
Leonteq Securities A   14.000   2/22/2023    USD   51.390
Basler Kantonalbank    12.000    3/2/2023    CHF   67.590
UBS AG/London          14.000   3/11/2024    USD   62.700
DZ Bank AG Deutsche     7.700   3/20/2023    EUR   50.800
Raiffeisen Switzerla   10.000   8/18/2023    USD   57.250
Leonteq Securities A   16.000  12/13/2022    CHF   65.890
Zurcher Kantonalbank   25.500   12/6/2022    CHF   57.610
Leonteq Securities A   11.000   3/10/2023    CHF   31.820
Leonteq Securities A   20.400  12/13/2022    CHF    9.100
Vontobel Financial P   12.540  12/14/2022    EUR   74.930
Leonteq Securities A    7.000  12/13/2023    CHF   69.430
Leonteq Securities A   24.000  12/13/2022    CHF   13.060
DZ Bank AG Deutsche    14.750  12/21/2022    EUR   44.150
DZ Bank AG Deutsche    13.000   3/22/2023    EUR   47.090
Basler Kantonalbank     9.000   6/22/2023    CHF   64.620
Credit Suisse AG/Lon    9.500    3/8/2023    USD   69.890
Vontobel Financial P    8.000  12/23/2022    EUR   65.540
Vontobel Financial P    8.500  12/23/2022    EUR   42.220
Leonteq Securities A   20.400   12/9/2022    CHF   11.350
Citigroup Global Mar    0.660   8/25/2033    EUR   69.316
Leonteq Securities A   15.000   6/13/2023    CHF   55.040
Corner Banca SA        15.000   3/10/2023    CHF   50.860
EFG International Fi    4.250   12/8/2022    EUR   71.120
Landesbank Baden-Wue    6.850   3/24/2023    EUR   72.920
Landesbank Baden-Wue    2.000   3/24/2023    EUR   58.230
Leonteq Securities A   12.000   5/11/2023    CHF   18.170
Leonteq Securities A   20.000   2/14/2023    USD   48.300
Zurcher Kantonalbank   25.500    2/8/2023    CHF   74.520
Credit Suisse AG/Lon    9.000    2/8/2023    CHF   63.310
Credit Agricole Corp   15.700   10/7/2026    TRY   62.008
Credit Agricole SA      3.270   10/5/2041    AUD   54.243
Leonteq Securities A    7.000   10/4/2023    CHF   62.390
Leonteq Securities A   10.000    1/4/2023    CHF    8.800
Leonteq Securities A    7.400   10/4/2023    CHF   70.150
Leonteq Securities A   15.000    1/4/2023    CHF   28.870
Landesbank Baden-Wue    3.000   2/27/2026    EUR   73.660
DZ Bank AG Deutsche     0.850  10/15/2036    EUR   74.733
Citigroup Global Mar    1.010  10/28/2035    EUR   67.988
Societe Generale Eff   11.250  12/23/2022    EUR   72.560
UniCredit Bank AG       3.650  10/29/2024    EUR   69.930
Natixis SA              3.000  10/18/2051    USD   62.626
VTB Bank PJSC           0.010   9/16/2026    RUB   72.130
Raiffeisen Schweiz G   12.000    1/4/2023    CHF    9.690
Raiffeisen Schweiz G    8.250   10/4/2023    CHF   69.240
Sberbank of Russia P    0.010   10/5/2026    RUB   73.100
Banque International   16.000    2/8/2023    EUR   33.510
Leonteq Securities A   26.400   2/14/2023    CHF   23.900
Raiffeisen Schweiz G   10.200   8/11/2023    CHF   72.410
Leonteq Securities A   21.600   2/14/2023    CHF   65.370
Landesbank Hessen-Th    0.700   11/4/2033    EUR   67.274
DZ Bank AG Deutsche    10.750  12/21/2022    EUR   68.600
DZ Bank AG Deutsche     5.500  12/21/2022    EUR   61.320
DZ Bank AG Deutsche    11.750  12/21/2022    EUR   57.010
BNP Paribas SA          1.010   10/5/2035    EUR   69.316
DZ Bank AG Deutsche    10.250  12/21/2022    EUR   57.500
DZ Bank AG Deutsche     9.000  12/21/2022    EUR   63.690
Bank Julius Baer & C    5.200    1/5/2023    CHF   71.200
Banque International   15.000    1/5/2023    EUR   39.030
Erste Group Bank AG     4.500   11/2/2025    EUR   61.150
Landesbank Hessen-Th    0.900  11/10/2036    EUR   67.180
Citigroup Global Mar    1.150   10/6/2036    EUR   67.537
Citigroup Global Mar    1.080   10/1/2036    EUR   66.826
Sberbank of Russia P    0.010   10/5/2028    RUB   58.700
Landesbank Hessen-Th    1.250  11/10/2036    EUR   67.800
EFG International Fi   10.000    4/6/2023    CHF   63.180
Goldman Sachs & Co W    7.000  12/21/2022    EUR   74.070
Goldman Sachs & Co W    9.000  12/21/2022    EUR   71.460
Goldman Sachs & Co W   15.000  12/21/2022    EUR   62.660
Goldman Sachs & Co W   18.000  12/21/2022    EUR   59.000
Goldman Sachs & Co W    8.000   3/22/2023    EUR   73.290
Goldman Sachs & Co W   10.000   3/22/2023    EUR   69.020
Goldman Sachs & Co W   15.000   3/22/2023    EUR   62.530
Goldman Sachs & Co W    3.000   6/21/2023    EUR   67.510
Goldman Sachs & Co W    4.000   6/21/2023    EUR   59.140
Goldman Sachs & Co W    5.000   6/21/2023    EUR   57.180
Goldman Sachs & Co W    6.000   6/21/2023    EUR   54.340
Goldman Sachs & Co W    7.000   6/21/2023    EUR   51.890
Goldman Sachs & Co W    8.000   6/21/2023    EUR   50.620
Goldman Sachs & Co W   10.000   6/21/2023    EUR   49.220
Goldman Sachs & Co W   13.000   6/21/2023    EUR   45.360
Goldman Sachs & Co W    2.000   9/20/2023    EUR   70.230
Goldman Sachs & Co W    3.000   9/20/2023    EUR   63.180
Goldman Sachs & Co W    3.000   9/20/2023    EUR   67.720
Goldman Sachs & Co W    4.000   9/20/2023    EUR   59.890
Goldman Sachs & Co W    5.000   9/20/2023    EUR   58.210
Goldman Sachs & Co W    6.000   9/20/2023    EUR   55.650
Goldman Sachs & Co W    7.000   9/20/2023    EUR   53.470
Goldman Sachs & Co W    8.000   9/20/2023    EUR   52.440
Goldman Sachs & Co W   10.000   9/20/2023    EUR   49.310
Goldman Sachs & Co W   12.000   9/20/2023    EUR   47.610
Bank Julius Baer & C    9.100    1/9/2023    USD   61.850
Bank Julius Baer & C    9.300    1/9/2023    USD   47.400
Landesbank Baden-Wue    0.530    3/3/2031    EUR   74.992
Caisse des Depots et    0.820   3/10/2050    EUR   65.517
DZ Bank AG Deutsche     0.800   3/20/2035    EUR   72.674
UniCredit Bank AG       3.450    4/2/2024    EUR   52.680
Landesbank Hessen-Th    0.510   3/10/2032    EUR   73.394
Landesbank Hessen-Th    0.510   3/10/2032    EUR   73.394
NRW Bank                0.591   3/19/2040    EUR   73.213
Landesbank Hessen-Th    2.000    4/9/2035    EUR   66.950
Bayerische Landesban    0.360    4/9/2031    EUR   73.521
DZ Bank AG Deutsche     1.370  12/28/2029    EUR   71.010
Bayerische Landesban    0.150    4/9/2031    EUR   74.787
Bayerische Landesban    0.390    4/9/2032    EUR   70.962
Bayerische Landesban    0.430    4/8/2033    EUR   68.391
Societe Generale SA     2.750   3/12/2040    AUD   55.770
Barclays Bank PLC       0.940    8/2/2049    JPY   66.725
Bayerische Landesban    0.280   10/9/2030    EUR   74.233
Banque International    1.020   3/25/2040    EUR   65.973
Landesbank Hessen-Th    1.000   3/20/2035    EUR   67.200
Nederlandse Watersch    1.370   3/23/2065    EUR   66.277
Landesbank Baden-Wue    7.850   4/28/2023    EUR   59.000
Landesbank Baden-Wue    5.000   4/28/2023    EUR   70.510
Landesbank Baden-Wue    7.000   4/28/2023    EUR   67.990
Landesbank Baden-Wue    5.700   4/28/2023    EUR   72.270
Landesbank Baden-Wue    3.350   4/28/2023    EUR   51.480
Landesbank Baden-Wue    2.150   4/28/2023    EUR   55.160
Landesbank Baden-Wue    5.200   4/28/2023    EUR   40.910
Landesbank Baden-Wue    3.350   4/28/2023    EUR   46.120
Landesbank Baden-Wue    5.650   4/28/2023    EUR   65.420
Landesbank Baden-Wue    4.200   4/28/2023    EUR   70.880
Landesbank Baden-Wue    7.000   4/28/2023    EUR   43.180
Landesbank Baden-Wue    3.800   4/28/2023    EUR   54.610
Landesbank Baden-Wue    4.200   4/28/2023    EUR   53.450
Landesbank Baden-Wue    3.000   4/28/2023    EUR   57.630
Landesbank Baden-Wue    2.000   4/28/2023    EUR   62.750
Landesbank Baden-Wue    6.100   4/28/2023    EUR   72.950
Landesbank Baden-Wue    4.000   4/28/2023    EUR   74.620
Landesbank Baden-Wue    5.300   5/26/2023    EUR   73.610
Landesbank Baden-Wue    4.200   4/28/2023    EUR   74.280
Landesbank Baden-Wue    5.000   4/28/2023    EUR   52.170
Landesbank Baden-Wue    4.000   4/28/2023    EUR   54.880
Landesbank Baden-Wue    3.000   4/28/2023    EUR   58.020
Landesbank Baden-Wue    2.000   4/28/2023    EUR   62.890
Landesbank Baden-Wue    3.000   4/28/2023    EUR   69.630
Landesbank Baden-Wue    4.650   4/28/2023    EUR   71.050
Landesbank Baden-Wue    5.250   4/28/2023    EUR   24.700
Landesbank Baden-Wue    3.150   4/28/2023    EUR   27.570
Landesbank Baden-Wue    2.300   4/28/2023    EUR   34.560
Landesbank Baden-Wue    6.250   4/28/2023    EUR   71.140
Landesbank Baden-Wue    6.000   4/28/2023    EUR   61.150
Landesbank Baden-Wue    4.000   4/28/2023    EUR   71.030
Landesbank Baden-Wue    5.700   4/28/2023    EUR   37.560
Landesbank Baden-Wue    4.350   4/28/2023    EUR   40.310
Landesbank Baden-Wue    3.000   4/28/2023    EUR   43.970
Bank Vontobel AG        6.503   4/24/2023    EUR   42.900
Bank Vontobel AG        7.252   4/24/2023    CHF   55.400
Bank Vontobel AG        7.504   4/24/2023    CHF   74.600
Bank Vontobel AG        7.504   4/24/2023    CHF   74.600
Landeskreditbank Bad    0.842    5/3/2041    EUR   73.385
UBS AG/London          13.500   4/29/2024    USD   35.410
UBS AG/London          10.500   4/28/2023    CHF   65.850
UBS AG/London           8.750   4/28/2023    CHF   53.550
Region Nouvelle-Aqui    0.777   5/12/2041    EUR   66.962
Landesbank Hessen-Th    0.500    6/4/2031    EUR   74.323
UniCredit Bank AG       4.850   5/23/2025    EUR   75.000
Raiffeisen Centroban    8.250   5/11/2023    EUR   60.420
Leonteq Securities A    7.000    5/3/2023    CHF   52.180
Corner Banca SA         6.000    5/3/2023    CHF   57.200
Raiffeisen-Landesban    1.470    5/3/2069    EUR   69.170
Erste Group Bank AG    14.500   5/31/2026    EUR   61.950
Nordea Bank Abp         4.250   7/20/2027    SEK   72.400
Region de Bruxelles-    0.930    5/3/2051    EUR   59.675
Landesbank Hessen-Th    0.680  10/12/2033    EUR   71.173
Landesbank Hessen-Th    0.800   7/30/2035    EUR   68.309
Landesbank Hessen-Th    0.710   5/12/2034    EUR   65.672
TMK PJSC                7.350   2/28/2025    RUB   60.150
Standard Chartered B    2.500    5/7/2031    AUD   74.589
Credit Agricole Corp    1.000   5/10/2036    EUR   69.205
Credit Agricole Corp    0.720   5/10/2033    EUR   73.167
Raiffeisen Switzerla    7.000    5/3/2023    CHF   56.130
Region Bourgogne-Fra    0.799    5/6/2041    EUR   67.289
Landesbank Hessen-Th    1.800    6/9/2036    EUR   68.100
Muenchener Hypotheke    1.300    5/7/2061    EUR   67.219
UBS AG/London          13.000    5/6/2024    USD   34.210
Region of Centre-Val    0.725  12/12/2039    EUR   68.419
UBS AG/London          11.000    5/5/2023    CHF   46.150
UBS AG/London           5.250    5/5/2023    CHF   63.150
Region of Centre-Val    0.807   5/12/2040    EUR   68.851
Region of Centre-Val    0.834   5/12/2042    EUR   66.393
Autonomous Community    1.250  10/31/2040    EUR   69.497
Hypo Vorarlberg Bank    0.410    5/6/2031    EUR   74.181
Luzerner Kantonalban    6.000   5/10/2023    CHF   52.120
Vontobel Financial P    7.750    6/1/2023    EUR   74.440
Landesbank Baden-Wue    4.100   6/27/2025    EUR   73.100
Sberbank of Russia P    0.010   5/10/2028    RUB   73.900
Region Bourgogne-Fra    0.841   5/12/2037    EUR   74.256
Muenchener Hypotheke    1.185    5/5/2059    EUR   67.376
DekaBank Deutsche Gi    5.100    6/4/2024    EUR   73.380
Corner Banca SA         8.000   5/10/2023    CHF   71.530
SG Issuer SA            0.900    4/7/2036    EUR   69.951
EFG International Fi   20.000   5/11/2023    USD   74.810
Landesbank Baden-Wue    6.300   6/23/2023    EUR   70.380
Landesbank Baden-Wue    2.400   6/23/2023    EUR   65.480
Landesbank Baden-Wue    4.000   6/23/2023    EUR   60.780
Landesbank Baden-Wue    6.300   6/23/2023    EUR   56.780
Landesbank Baden-Wue   12.000   5/26/2023    EUR   40.470
Leonteq Securities A    7.030   6/28/2023    CHF   59.110
Bank Vontobel AG        6.000  12/27/2022    CHF   68.600
Bank Vontobel AG        7.000  12/27/2022    CHF   39.800
Landesbank Baden-Wue    4.150   6/23/2023    EUR   47.570
Landesbank Baden-Wue    2.800   6/23/2023    EUR   51.160
Landesbank Baden-Wue    5.150   6/23/2023    EUR   47.660
Landesbank Baden-Wue    4.200   6/23/2023    EUR   49.720
Landesbank Baden-Wue    3.000   6/23/2023    EUR   53.010
Landesbank Baden-Wue    2.000   6/23/2023    EUR   57.010
Landesbank Baden-Wue    3.800   6/23/2023    EUR   31.020
Landesbank Baden-Wue    2.600   6/23/2023    EUR   34.080
Landesbank Baden-Wue    4.500   6/23/2023    EUR   35.270
Landesbank Baden-Wue    2.250   6/23/2023    EUR   39.050
Landesbank Baden-Wue    7.300   6/23/2023    EUR   57.370
Landesbank Baden-Wue    3.500   6/23/2023    EUR   72.550
Landesbank Baden-Wue    4.650   6/23/2023    EUR   61.500
Landesbank Baden-Wue    3.500   6/23/2023    EUR   73.700
Landesbank Baden-Wue    5.000   6/23/2023    EUR   29.060
Landesbank Baden-Wue    7.250   6/23/2023    EUR   46.160
Landesbank Baden-Wue    5.600   6/23/2023    EUR   49.860
Landesbank Baden-Wue    2.700   6/23/2023    EUR   60.420
Landesbank Baden-Wue    4.500   6/23/2023    EUR   72.210
Landesbank Baden-Wue    4.750   6/23/2023    EUR   72.380
Landesbank Baden-Wue    3.500   6/23/2023    EUR   53.730
Landesbank Baden-Wue    2.550   6/23/2023    EUR   56.010
Landesbank Baden-Wue    5.350   7/28/2023    EUR   69.830
Landesbank Baden-Wue    4.250   7/28/2023    EUR   72.950
Landesbank Baden-Wue    4.100   6/23/2023    EUR   63.100
Landesbank Baden-Wue    3.500   6/23/2023    EUR   65.020
Landesbank Baden-Wue    2.750   6/23/2023    EUR   67.800
Landesbank Baden-Wue    2.000   6/23/2023    EUR   70.840
Landesbank Baden-Wue    4.250   6/23/2023    EUR   46.700
Landesbank Baden-Wue    3.000   6/23/2023    EUR   49.250
Landesbank Baden-Wue    2.250   6/23/2023    EUR   51.700
Raiffeisen Centroban   11.750    8/4/2023    EUR   46.990
Norddeutsche Landesb    0.925   7/23/2036    EUR   65.638



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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 2023.  All rights reserved.  ISSN 1529-2754.

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

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

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


                * * * End of Transmission * * *