/raid1/www/Hosts/bankrupt/TCREUR_Public/231225.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

                          E U R O P E

          Monday, December 25, 2023, Vol. 24, No. 257

                           Headlines



F R A N C E

IDEMIA GROUP: Fitch Affirms 'B+' Term Loan Rating
RENAULT S.A.: DBRS Confirms BB(high) Credit Rating
SIRONA HOLDCO: Moody's Lowers CFR to B3, Outlook Remains Stable


I T A L Y

TELECOM ITALIA: Egan-Jones Retains B Senior Unsecured Ratings


N E T H E R L A N D S

LEALAND FINANCE: DoubleLine ISF Marks $725,122 Loan at 44% Off
SPRINT BIDCO: Fitch Cuts Long Term IDR and Sr. Secured Debt to CCC


P O L A N D

MBANK SA: Fitch Lowers Rating on Sr. Non-Preferred LT Debt to 'BB+'


P O R T U G A L

SATA HOLDING: Moody's Alters Outlook on Ba1 Unsec. Rating to Stable


T U R K E Y

DENIZ FINANSAL: Fitch Affirms 'B-' Long-Term Foreign Curr. IDRs
VOLKSWAGEN DOGUS: Fitch Affirms 'B' LongTerm IDR, Outlook Stable


U K R A I N E

NAFTOGAZ: Fitch Ups LongTerm IDR to 'CC' on Eurobond Restructuring


U N I T E D   K I N G D O M

BE OFFICES: Goes Into Administration
FARRELLYS METAL: Bought Out of Administration
ROLLS-ROYCE: Fitch Hikes LongTerm IDR to 'BB+', Outlook Positive
STANLEY GIBBONS: Set to Enter Into Administration
ZEUS BIDCO: Moody's Affirms 'B1' CFR, Outlook Remains Stable

[*] UK: 4,500 Retailers in Critical Financial Distress


X X X X X X X X

[*] BOND PRICING: For the Week December 18 to December 22, 2023

                           - - - - -


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F R A N C E
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IDEMIA GROUP: Fitch Affirms 'B+' Term Loan Rating
-------------------------------------------------
Fitch Ratings has affirmed IDEMIA Group S.A.S.'s aggregate EUR1,800
million and USD750 million term loan facilities due in 2028 at 'B+'
with a Recovery Rating of 'RR3'. The borrowers are IDEMIA Group
S.A.S., IDEMIA France S.A.S. and IDEMIA America Corp.

The EUR300 million increase of the existing EUR1,500 million term
loan B (TLB) will be used together with available cash to fund a
EUR350 million preferred equity repayment to shareholders. The
additional debt delays deleveraging, with debt service and cash
flow metrics adequately positioned at the 'B' rating through to
2025. The rating gives the company flexibility to execute its
growth strategy or accommodate additional shareholder
distributions, which Fitch would view as event risk.

The 'B' IDR reflects IDEMIA's underlying earnings volatility, high
leverage and thin free cash flow (FCF) margins, owing to large
capex to remain technology-competitive. This is balanced by its
strong market position with global scale and diversification.

KEY RATING DRIVERS

Debt-Funded Dividend: Pro-forma for the EUR300 million TLB add-on,
Fitch forecasts EBITDA leverage at around 4.8x in 2024 before it
slightly reduces towards 4.6x in 2025. The extension of IDEMIA's
TLBs and revolving credit facility (RCF) earlier this year into
2028 is credit-positive for prudent liabilities management.
However, higher interest rates and gross debt, including the EUR300
million TLB add-on, weighs on FCF and interest coverage metrics.
Following the expiry of existing interest-rate hedges, Fitch
forecasts EBITDA interest cover at around 2.5x-3.0x in 2024-2025.

Reduced Recovery on TLB: The upsized EUR300 million add-on slightly
reduces its recovery estimates on the TLB. Based on current metrics
and assumptions, pro-forma for the additional EUR300 million TLB,
its recovery analysis generates a ranked recovery at 53% in the
'RR3' band for senior secured debt. This indicates a 'B+'
instrument rating for the TLB. Further debt incurrence without
corresponding increases in EBITDA may lead to negative action on
the instrument rating.

Strong 9M23 Performance: Revenues for 9M23 were up 11.4% yoy at
constant currency, with enterprise and government businesses up
9.9% and 7%, respectively. However, normalisation of volumes in
enterprise and, in particular, payment services, caused enterprise
revenue to fall 4% yoy in 3Q23 at constant currency, which was
counterbalanced by a high value product mix (personalisation, eSIM,
etc). Solid growth in the company's government business raised
revenues in 3Q23 by 11.3% yoy, with strong momentum in border
control, civil ID and transportation (TSA enrollment).

DERIVATION SUMMARY

IDEMIA's ratings are supported by strong global market positions in
identification, authentication, payment and connectivity solutions.
IDEMIA's broader technology peers, such as Nokia Corporation
(BBB-/Stable), Telefonaktiebolaget LM Ericsson (BBB-/Stable) and
STMicroelectronics N.V. (BBB+/Stable), are rated in the
investment-grade category. Despite higher volatility in both
revenue and margins than IDEMIA's, they have greater scale and
stronger cash flows as well as no or very low net leverage.

Fitch recognises IDEMIA's strong business position and technology
leadership within its chosen markets, but its smaller scale and
high leverage place its rating in the 'B' category. Higher-rated
fintech companies such as Nexi S.p.A. (BB+/Stable) benefit from
market leadership, strong growth prospects and healthy cash flow
generation.

Similarly-rated European software companies such as Dedalus SpA
(B-/Negative) and TeamSystem S.p.A (B/Stable) have
subscription-based recurring revenue platforms and demonstrate
better deleveraging prospects than IDEMIA and therefore have higher
leverage tolerance for their rating category.

IDEMIA is broadly comparable with the peers that Fitch covers in
its technology and credit opinion portfolios. It has slightly
higher leverage but benefits from market leadership in its core
operating segments, healthy liquidity and global diversification.

KEY ASSUMPTIONS

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

- Revenue growth of 8% in 2023, followed by low-to-mid single-digit
growth in 2024-2025

- Fitch-defined EBITDA margin at around 19.5% in 2023 and around
18.5%-19.0% in 2024

- Capex at around EUR165 million-EUR170 million per year in
2023-2025

- All restructuring charges are reflected in EBITDA and FFO

- A EUR350 million dividend by end-2023, followed by no M&A or
dividends to 2025

RECOVERY ANALYSIS

In conducting its bespoke recovery analysis, Fitch estimates that
IDEMIA's intellectual property, patents and recurring contracts, in
the event of default, would generate more value from a
going-concern restructuring than a liquidation of the business.

Fitch has assumed a 10% administrative claim in the recovery
analysis.

Its analysis assumes post-restructuring going-concern EBITDA of
around EUR300 million. This reflects stress assumptions of a loss
of major contracts following reputational damage, for example, as a
result of compromised technology (leading to sustained high
leverage and negative cash flow) or a major shift in technology
usage making IDEMIA's products obsolete.

Fitch has applied a 6x distressed multiple, reflecting IDEMIA's
scale, customer and geographical diversification as well as
exposure to secular growth in biometric-enabled identification
technology. Fitch also assumes a fully drawn EUR300 million RCF.

Fitch deducts administrative claims, EUR85 million of factoring,
and EUR65 million of senior debt at operating subsidiaries as
prior-ranking claims ahead of the RCF and TLB in the liability
waterfall. Based on current metrics and assumptions, the waterfall
analysis generates expected recoveries for the senior secured TLBs
at 53%, hence in the 'RR3' band, indicating a 'B+' instrument
rating.

RATING SENSITIVITIES

Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

- Structurally improved profitability with sustained
mid-single-digit FCF margins

- EBITDA gross leverage below 4.5x on a sustained basis, including
additional clarity around capital allocation and leverage targets

- EBITDA interest coverage above 3.0x

Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

- A material loss of market share or significant erosion of
business or technology leadership in core operations

- EBITDA gross leverage above 6.0x on a sustained basis without a
clear path for deleveraging

- Sustained neutral to negative FCF

- EBITDA interest coverage below 2.5x

LIQUIDITY AND DEBT STRUCTURE

Satisfactory Liquidity: IDEMIA had a reported cash position of
around EUR350 million as of September 2023, and so around EUR300
million of available cash pro-forma for the anticipated dividend
payment. Fitch forecasts positive FCF in 2023 and 2024, further
supported by an undrawn EUR300 million RCF, yielding satisfactory
liquidity.

Manageable Refinancing Risks: Fitch accesses refinancing risks as
manageable owing to some forecast deleveraging, and interest cover
metrics sustained within the 'b' level through to 2025. The RCF and
TLB maturities have been extended into 2028. Fitch expects
increased interest costs after expiry of interest hedging by
end-2023 and reduced but still positive FCF in 2024 and 2025.

ISSUER PROFILE

IDEMIA, headquartered in France, develops, manufactures and markets
specialised security technology products and services worldwide,
mainly for the payments, telecommunications, public security and
identity markets.

ESG CONSIDERATIONS

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt              Rating        Recovery   Prior
   -----------              ------        --------   -----
IDEMIA Group S.A.S.   LT IDR B   Affirmed            B

  senior secured      LT     B+  Affirmed   RR3      B+

IDEMIA America Corp.

   senior secured     LT     B+  Affirmed   RR3      B+

IDEMIA France S.A.S.

   senior secured     LT     B+  Affirmed   RR3      B+

RENAULT S.A.: DBRS Confirms BB(high) Credit Rating
--------------------------------------------------
DBRS Limited changed the trend on Renault S.A.'s (Renault or the
Company) Issuer Rating to Positive from Negative and confirmed the
credit rating at BB (high). The credit rating actions incorporate
the Company's ongoing earnings improvement, which has resulted in a
strengthening of its financial risk assessment (FRA) with the
industrial operations attaining a net cash position. Moreover,
potential proceeds from Renault's monetization of a 28.4% stake in
Nissan Motor Co., Ltd. (Nissan; rated BBB (low) with a Stable trend
by DBRS Morningstar), thereby reducing the Company's ownership
position in Nissan to 15%, in addition to a targeted initial public
offering (IPO) in its electric vehicle business Ampere, appear to
present Renault with meaningful additional flexibility as it
undertakes additional investments toward the electrification of its
vehicle portfolio and the development of new mobility businesses.

The Company's 2022 earnings performance improved year over year,
with Renault's automotive division attaining an operating margin of
3.3% (relative to essentially breakeven operating results the prior
year). Contributing factors included stronger pricing and firmer
product mix; these were partly offset by cost increases, including
higher raw material and purchasing costs. Through the first half of
2023, earnings performance continued to trend favorably with the
automotive segment attaining a sound operating margin of 6.2%;
Renault's earnings continued to benefit from firm pricing and
product mix in addition to higher volumes, partly offset by ongoing
cost headwinds. Going forward, despite market headwinds that
notably include interest rate/inflationary pressures, geopolitical
uncertainty, and an associated weakening in consumer sentiment,
DBRS Morningstar anticipates Renault's earnings to be rather
resilient to these challenges given the Company's continued product
offensive (that has meaningfully bolstered its pricing and per-unit
revenue) and attained efficiencies that have resulted in a 50%
reduction in its breakeven point (in volume terms, relative to a
2019 base).

Moreover, Renault appears reasonably well positioned to withstand
the sizable cost and investment requirements facing the automotive
sector in line with the progressive electrification of the industry
amid additional forays into new mobility businesses. Through the
restructuring of its automotive alliance (the Alliance) with Nissan
and Mitsubishi Motors Corporation, the Company recently transferred
a 28.4% ownership interest in Nissan to a French trust, with
Renault likely to commence divesting these holdings in 2024.
Additionally, the Company continues to target the IPO of a minority
stake in Ampere next year, subject to market conditions. DBRS
Morningstar estimates that the total proceeds of these transactions
could readily exceed EUR 5 billion, thereby meaningfully
alleviating Renault's medium-term investment burden. Regarding the
Company's liquidity position (absent the potential divestitures
outlined immediately above), DBRS Morningstar considers this to be
sound. As of June 30, 2023, the liquidity position of the Company's
automotive segment amounted to EUR 16.8 billion (consisting of EUR
13.5 billion in cash balances and EUR 3.3 billion in available
committed credit lines). DBRS Morningstar deems this sufficient in
the context of moderately positive gross free cash flow (i.e.,
before working capital effects) projected over the near to medium
term, with the automotive business also benefitting from ongoing
dividends from the financial services segment.

Consistent with the Positive trend, continued operating performance
over the next 12 to 18 months remaining essentially consistent with
recent results (allowing for some slight moderation thereof
recognizing the above-cited cost and investment headwinds) would
likely result in an upgrade. Conversely, markedly weaker
earnings—resulting in material negative free cash flow and
thereby adversely affecting credit metrics—could result in
negative credit rating actions, although DBRS Morningstar deems a
downgrade rather unlikely given the meaningful cushion afforded by
Renault's FRA within the current credit rating.

Notes: All figures are in euros unless otherwise noted.


SIRONA HOLDCO: Moody's Lowers CFR to B3, Outlook Remains Stable
---------------------------------------------------------------
Moody's Investors Service downgraded to B3 from B2 the long term
corporate family rating and to B3-PD from B2-PD the probability of
default rating on Sirona HoldCo (Seqens). Moody's also downgraded
to B3 from B2 the instrument ratings on Sirona BidCo France's
EUR930 million senior secured term loan B (TLB) and the EUR130
million senior secured revolving credit facility (RCF), both due
2028. The outlook on both entities remains stable.

The rating action follows a series of operational events which,
together with continued general weakness in demand, will result in
Seqens credit metrics remaining outside Moody's expectations for
its prior B2 rating over at least the next year.

Specifically:

-- The closure of Seqens' PCI plant in Newburyport/US following an
incident in May 2023 with one fatality, damages to its facilities,
associated restructuring and resulting negative EBITDA of around
EUR9 million. Seqens expects a claim reimbursement from its
insurance provider in 2024.

-- The ongoing customer dispute with Mithra Pharmaceuticals over
the Estetrol molecule resulting in restructuring at one of its
French manufacturing sites and unpaid receivables of EUR31 million.
Consequently, Seqens stopped the Estetrol production, which in turn
contributed no EBITDA, and will result in a reduction of 45 staff
in the first half of 2024 at a cost, to be incurred in 2024, of
EUR4 million to EUR5 million against recurring cost benefits of
EUR3 million annually.

-- Disruptions at its Wavelength manufacturing facilities in
Israel following the outbreak of the military conflict between
Israel and Hamas in October 2023. The halt of operations in
addition to lower sales from customer destocking results in
negative EBITDA of EUR6 million year-to-date whereas management had
factored in EUR5 million for 2023.

-- Lower contributions from the para amino phenol (PAP) products
as price and volume normalized after Chinese competitor Bayi
resumed production, competitors added capacity and destocking took
place.

-- Still sluggish demand dynamics in Seqens' Upstream business
resulting in low EBITDA contributions.

The above effects result in a sizeable EBITDA shortfall relative to
management's budget (around EUR155 million expected in 2023 against
budget of EUR194 million) and overall weaker metrics in 2023 and
2024. Moody's does not expect the recently launched cost savings
programme, which management expects to yield EUR30 million run-rate
savings in 2024 and EUR40 million thereafter, and working capital
optimization (expected inventory release of EUR40 million) to
sufficiently offset the operating challenges. Also, implementation
costs total around EUR15 million and precede cash benefits, further
weighing on free cash flow.

Moody's expects debt to EBITDA of 7.8x in 2023 and 8.2x in 2024
respectively, EBITDA to interest of below 2.0x, and negative free
cash flow (FCF) in 2023.

RATINGS RATIONALE

The B3 CFR reflects cost advantages due to the vertical integration
into solvents; potential for cost reduction and working capital
optimization in 2024 to offset metric weakness; and the receipt of
government subsidies for its new paracetamol production unit, which
limits Seqens' own capital expenditure.  High barriers to entry
related to the industry's significant regulatory requirements also
help protect Seqens market position.

The B3 CFR also takes into account high leverage, negative FCF and
weakened liquidity, as well as very high business risk. Business
risk includes Seqens' improving but still moderate size relative to
much larger and more diversified global competitors, exposure to
pharmaceutical regulation and quality controls because production
issues can have a significant effect on operating performance, and
the cyclicality of its commoditized solvents business.

Exposure to Social risk factors outlined above were one the rating
drivers for the rating action. The customer dispute in particular
has a material negative financial effect on Seqens' profitability,
while the Newburyport incident also affects Seqens' reputation.

LIQUIDITY

Seqens' liquidity is adequate. Liquidity strengthened in early 2023
when Seqens increased its senior secured term loan B by EUR100
million and used proceeds to fully repay drawings under it EUR130
million senior secured revolving credit facility, and from
divestment proceeds of PCAS Canada. Because of lower profitability,
weaker cash flows and high capital investments, Seqens at September
2023 had increased revolver drawings to EUR40 million and guides to
EUR60 million at year-end 2023 and in 2024. To preserve liquidity,
Seqens intends to significantly lower its 2024 capital spending to
around EUR43 million (net of subsidies and reimbursable advances),
against EUR78 million in 2022 and EUR66 million year-to-date 2023,
and to optimize its working capital by lowering inventories by
EUR40 million.

OUTLOOK

The outlook is stable. Moody's expects Seqens over the course of
2024 to establish a trajectory of achieving gross leverage between
6.0x and 7.0x to sustain the rating whilst maintaining adequate
liquidity.

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

Moody's could downgrade the ratings if Seqens fails to achieve an
improvement in operating performance such that credit metrics
remain strained (including, but not limited to, EBITDA to interest
expense falling below 1.5x; debt/EBITDA remaining above 7.0x); the
company does not generate positive FCF over the next 12-18 months;
or the company's liquidity position worsens.

For an upgrade of ratings Moody's would expect: debt to EBITDA
sustainably below 6.0x; EBITDA to interest expense well above 2.0x;
and a track record of positive FCF generation.

All metric reference is on a Moody's-adjusted basis.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Chemicals
published in October 2023.

COMPANY PROFILE

Seqens, headquartered in Ecully, France, is a producer of small
molecules active pharmaceutical ingredients (APIs), solvents for
pharmaceutical customers as well as chemicals for the cosmetics and
electronic industries. Seqens in 2022 generated revenues of around
EUR1,356 million and EBITDA of around EUR182 million. The company
is majority-owned (76.9%) by funds of private equity sponsor SK
Capital.



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I T A L Y
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TELECOM ITALIA: Egan-Jones Retains B Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on December 8, 2023, maintained its 'B'
foreign currency and local currency senior unsecured ratings on
debt issued by Telecom Italia S.p.A. EJR also withdraws the rating
on commercial paper issued by the Company.

Headquartered in Milano, Italy, Telecom Italia S.p.A., through
subsidiaries, offers fixed line and mobile telephone and data
transmission services in Italy and abroad.




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

LEALAND FINANCE: DoubleLine ISF Marks $725,122 Loan at 44% Off
--------------------------------------------------------------
DoubleLine Income Solutions Fund has marked its $725,122 loan
extended to Lealand Finance Company B.V to market at $403,893 or
56% of the outstanding amount, as of September 30, 2023, according
to a disclosure contained in DoubleLine ISF's Form N-CSR for the
Fiscal year ended September 30, 2023, filed with the Securities and
Exchange Commission on December 1, 2023.

DoubleLine ISF is a participant in a Senior Secured First Lien Term
Loan (1 Month Secured Overnight Financing Rate + 4.11%) to Lealand
Finance Company B.V. The loan accrues interest at a rate of 9.43%
per annum. The loan matures on June 30, 2025.

DoubleLine Income Solutions Fund was formed as a closed-end
management investment company registered under the Investment
Company Act of 1940, as amended, and originally classified as a
non-diversified fund. The Fund is currently operating as a
diversified fund.

Lealand Finance is an affiliate of CB&I Holdings B.V. and Chicago
Bridge & Iron Company B.V. The Company’s country of domicile is
the Netherlands.


SPRINT BIDCO: Fitch Cuts Long Term IDR and Sr. Secured Debt to CCC
-------------------------------------------------------------------
Fitch Ratings has downgraded Sprint BidCo B.V.'s (Accell Group
B.V.) Long-Term Issuer Default Rating (IDR) to 'CCC' from 'B-'.
Fitch has also downgraded Accell's senior secured debt rating to
'CCC' with Recovery Rating of 'RR4', from 'B-'. Ratings in the
'CCC' and below categories typically do not carry Outlooks since
the volatility of these ratings is very high.

The downgrade reflects its expectation that the group's EBITDA
margin will drop to low single digits in 2023-2024 because of
excess inventory stock in the market and weaker consumer demand,
which together with high competition will lead to a deeper discount
environment for a longer period than Fitch previously assumed. This
translates into a high working-capital requirement at end-2023
leading to eroded liquidity headroom and negative free cash flow
(FCF) for the year.

Fitch believes the current capital structure is unsustainable due
to a material drop in profit with only a gradual recovery assumed
from 2025. Accell has a corrective action plan, but it is subject
to meaningful execution risk, casting substantial uncertainty over
the near-term restoration of its credit profile.

KEY RATING DRIVERS

Unsustainable Capital Structure: Accell's 'CCC' IDR reflects an
unsustainable capital structure, with Fitch projecting EBITDA net
leverage to remain at double digits and EBITDA interest cover below
1.0x until 2025. Inventory build-up continues to weight on Accell's
cash flow generation, causing additional debt drawdown to fund
working-capital needs, further delaying deleveraging prospects that
are no longer commensurate with a 'B-' rating.

The company will remain dependent on shareholder support in the
absence of material progress in a near-term operational turnaround,
making a debt restructuring possible in the medium term.

Limited Liquidity: Accell's FCF and liquidity headroom have been
materially eroded by a significant increase of more than EUR500
million in working capital requirement in 2021-2022, and Fitch
projects a further up to EUR200 million outflow in 2023. This has
led to a full drawdown of the EUR180 million revolving credit
facility (RCF), in addition to using a EUR75 million asset-based
loan (ABL) and a EUR95 million shareholder loan (SHL), which Fitch
views as debt under its criteria.

Shareholder Support: Fitch understands Accell is in the process to
agree an additional cash injection in the form of SHL of up to
EUR150 million. This confirms the shareholder's commitment to the
business, and together with Accell's planned measures to reduce
inventories in 2024, should support the group's liquidity position.
Even so, Fitch is likely to treat the new SHL as debt and,
therefore, it will contribute to a further increase in EBITDA
leverage, which Fitch estimates to be above 10x until 2025 due to
depressed profit.

EBITDA Under Pressure: Fitch projects Fitch-adjusted EBITDA to drop
towards EUR11 million in 2023 (2022: EUR128 million) and remain
depressed at just above EUR30 million in 2024 due to a challenging
market environment with muted consumer demand and high inventory
stocks in the sales channel. The latter is likely to force most
manufacturers, including Accell, to discount aggressively in 2024
and Fitch only assumes moderate normalisation of market conditions
from 2025.

Fitch projects that improving market conditions together with the
company's cost-savings initiatives will allow for a gradual EBITDA
recovery toward EUR110 million in 2025 and towards more normalised
levels of above EUR130 million from 2026.

Meaningful Execution Risks: Fitch believes that execution risks
around the planned turnaround strategy remain high, with new
management in place and plans for product portfolio optimisation,
streamlining and simplification of manufacturing platforms and
components utilisation across the product types. The
costs-efficiency measures are planned across manufacturing,
logistics and procurement, which may affect the planned recovery
trajectory in 2024-2025.

Negative FCF: The 'CCC' IDR reflects its expectation that FCF will
remain negative until 2025, in contrast to its previous estimate of
strong positive FCF from 2024. In addition to recovery in EBITDA
levels, Fitch thinks working-capital normalisation will be key to
restoring the company's credit profile. Fitch estimates a gradual
unwinding of high inventories over the next two years, with the FCF
margin turning positive only from 2025.

Low-Margin Assembler and Marketer: Accell, as a consumer products
company, is characterised by a low EBITDA margin of around 8%-9%,
driven by its focus on designing and marketing bicycles assembled
in its own factories with parts produced by dedicated suppliers.
This leaves part of the added value with suppliers, to which Accell
is exposed given its high concentration. However, management
initiatives on cost reduction and optimisation of operating
processes, although subject to material execution risks, should
support EBITDA margin stabilisation.

DERIVATION SUMMARY

Fitch rates Accell under its Consumer Products Navigator. Accell's
credit profile is dragged down by very high leverage and weak
liquidity position, which make its credit profile incompatible with
a 'B' rating category. Fitch estimates Accell's EBITDA leverage
will remain high in 2023-2026, above that of the 5.6x Fitch
estimates for skincare company Sunshine Luxembourg VII SARL
(B/Positive) for 2024, with the credit profile of the latter also
benefiting from better FCF visibility. Both companies have good
growth fundamentals and product complexity, albeit the latter to a
lesser degree at Accell. Accell is also smaller.

Another comparable issuer is luxury branded footwear manufacturer
and distributor Golden Goose S.p.A. (B+/Stable), which Fitch rates
under the Non-Food Retail Navigator. Golden Goose has a materially
stronger EBITDA margin (25%) and Fitch does not see high execution
risks in its strategy, but it has a narrow brand and product
portfolio and is slightly smaller. Golden Goose's credit benefits
from stronger projected FCF and liquidity headroom.

KEY ASSUMPTIONS

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

- Revenue decline by 9.5% in 2023, with a rebound by 7.4% in 2024
from a low base, then moderate growth at 3% to 4% a year until
2026;

- EBITDA margin at 1% in 2023 and 2% in 2024, before rebounding to
more normal levels of 7% to 8% in 2025-2026

- Net working-capital outflow of EUR192 million in 2023, before
reversing to inflows of around EUR150 million in 2024-2025 as
working capital gradually normalises;

- Capex of EUR11 million in 2023, EUR17 million in 2024 and around
EUR30 million a year in 2025-2026;

- No bolt-on acquisitions or shareholder distributions to 2026;

- Voluntary debt repayments of around EUR100 million a year for
2025-2026, subject to working-capital normalisation.

RECOVERY ANALYSIS

The recovery analysis assumes that Accell would be reorganised as a
going concern (GC) in bankruptcy rather than liquidated. Fitch has
assumed a 10% administrative claim.

Fitch estimates Accell's GC EBITDA at EUR100 million, which is
based on an unattractive or uncompetitive product proposition,
impaired brand perception and supply chain challenges resulting in
pressures on its liquidity. The GC EBITDA reflects Fitch's view of
a sustainable, post-reorganisation EBITDA level upon which Fitch
bases the valuation of the company.

Fitch uses an enterprise value (EV)/EBITDA multiple of 5.5x to
calculate a post-reorganisation valuation, which is aligned with
that of peer consumer companies Sunshine Luxembourg VII SARL's and
International Design Group S.p.A. (B/Stable). It takes into account
the company's position as industry leader, which should allow it to
benefit from positive market trends, despite some challenges in its
supply chain.

Fitch views Accell's ABL facility and EUR100 million securitisation
facility as super senior to its term loan B (TLB) and RCF. Accell's
RCF of EUR180 million is assumed to be fully drawn on default and
ranks equally with its senior secured TLB of EUR705 million. Fitch
treats the new SHL of EUR100 million as debt, which ranks equally
with other senior secured debt.

The waterfall analysis generated a ranked recovery for the EUR705
million TLB and EUR180 million RCF in the 'RR4' band, indicating a
'CCC' rating. The waterfall generated recovery computation output
percentage is 36%, based on current metrics and assumptions after
adding additional debt to the capital structure. Fitch estimates
that potential drawdown of up to EUR150 million of additional SHL
will not impact the 'RR4' band for the instrument under the
unchanged assumptions for the GC EBITDA and (EV)/EBITDA multiple.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

- Rebound in operating performance as a result of successful
implementation of cost-saving measures or working-capital
normalization leading to recovery in EBITDA;

- Reduced FCF outflow and improving liquidity headroom sufficient
to cover operating needs;

- EBITDA leverage below 10x and EBITDA interest coverage above 1.5x
on a sustained basis.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

- Ineffective implementation of operational turnaround plan leading
to continuing decline in revenue or EBITDA;

- Accelerating cash outflow resulting in unfunded liquidity
position;

- Increased likelihood of a debt restructuring that Fitch would
view as a distressed debt exchange.

LIQUIDITY AND DEBT STRUCTURE

Minimal Liquidity Headroom: Fitch views Accell's liquidity position
is partly funded with full reliance on additional support from the
shareholder, given limited availability under the existing credit
facilities, but supported by an access to up to EUR100 million
securitisation funding. Accell's liquidity profile benefits from
medium-term debt maturity headroom with no significant debt
repayment before 2028.

ISSUER PROFILE

Sprint Bidco B.V. is a special purpose vehicle that owns the
Dutch-based bicycle company Accell.

ESG CONSIDERATIONS

Accell has an ESG Relevance Score of '4' [+] for GHG Emissions &
Air Quality due to the company's products contributing to reducing
greenhouse gas emissions and benefiting from a supportive
regulatory environment, which has a positive impact on the credit
profile, and is relevant to the ratings in conjunction with other
factors.

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt            Rating          Recovery   Prior
   -----------            ------          --------   -----
Sprint BidCo B.V.   LT IDR CCC  Downgrade            B-

   senior secured   LT     CCC  Downgrade   RR4      B-



===========
P O L A N D
===========

MBANK SA: Fitch Lowers Rating on Sr. Non-Preferred LT Debt to 'BB+'
-------------------------------------------------------------------
Fitch Ratings has downgraded mBank S.A.'s senior preferred (SP)
long-term debt rating to 'BBB-' from 'BBB' and senior non-preferred
(SNP) long-term debt rating to 'BB+' from 'BBB-' and removed them
from Rating Watch Negative (RWN).

mBank's Issuer Default Ratings (IDRs) and Viability Rating (VR) are
unaffected by this rating action and the Key Rating Drivers remain
as published in the last rating action commentary (see 'Fitch
Revises mBank's Outlook to Stable; Places Debt on RWN', dated 13
July 2023).

The downgrade of mBank's senior long-term debt ratings primarily
reflects the change in Fitch's expectations about the structure of
the bank's resolution buffer, including likely more extensive use
of SP debt, and Fitch's forecasts for mBank's capital ratios and
requirements. The bank's SNP and more junior debt buffer will not
sustainably exceed 10% of risk-weighted assets (RWA).

KEY RATING DRIVERS

mBank's SP debt ratings are aligned with its IDRs and its SNP debt
is rated one notch below its Long-Term IDR to reflect the risk of
below-average recoveries for SNP creditors in a resolution. This is
because Fitch expects mBank to use SP debt to meet its resolution
buffer requirements, and Fitch does not expect SNP and more junior
debt to sustainably exceed 10% of mBank's resolution group's RWAs.
Fitch's assessment of mBank's resolution debt buffer considers both
mBank's total and subordinated levels of minimum resolution
requirements, including combined buffer requirements, and its
expectation around the bank's growth and risks tied to evolution of
its capital buffers.

mBank's common equity Tier 1 (CET1) ratio stood at 14.6% at
end-3Q23. The capital structure of the bank is supplemented by
about PLN2.7 billion of outstanding subordinated debt (of which
about PLN2 billion is Tier 2-eligible), bringing the total capital
ratio to 16.9% at end-3Q23. Fitch estimates the bank's SNP and more
junior debt reached about 9.7% of the bank's 3Q23 of RWAs, but has
likely peaked.

Fitch believes the bank's core capital ratios will remain stable
over Fitch's rating horizon. However, Fitch estimates that the
bank's growth, expected internal capital generation and risks
around its foreign-currency mortgage loan portfolio mean that the
SNP and more junior debt buffers will likely narrow over the next
few years, increasing the possibility of using SP debt to meet
resolution requirements.

mBank's IDRs are driven by its standalone creditworthiness as
reflected in its VR. The 'bbb-' VR primarily reflects the bank's
well-established domestic franchise, conservative risk appetite,
solid capital position and a healthy funding and liquidity profile,
but also a sizable exposure to legacy foreign-currency mortgage
loans, which weighs on its assessment of the bank's company profile
and financial prospects.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

A downgrade of the bank's IDR would lead to a downgrade of the
bank's SP and SNP debt ratings.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

An upgrade of the bank's IDR would lead to an upgrade of the bank's
SP and SNP debt ratings.

Fitch would upgrade the SP and SNP debt ratings by one notch if
Fitch expects mBank to build up and maintain on a sustained basis a
buffer of subordinated and SNP debt of at least 10% of RWAs or if
Fitch expects the bank to be able to comfortably and sustainably
meet its total resolution debt requirements without using SP debt.

ESG CONSIDERATIONS

mBank has an ESG Relevance Score of '4' for Management Strategy due
to a high government intervention risk in the Polish banking
sector, which affects mBank's operating environment, its business
profile and ability to define and execute on its strategy. This has
a negative impact on the credit profile, and is relevant to the
rating[s] in conjunction with other factors.

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt                Rating          Prior
   -----------                ------          -----
mBank S.A.

   Senior preferred       LT BBB- Downgrade   BBB

   Senior non-preferred   LT BB+  Downgrade   BBB-



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

SATA HOLDING: Moody's Alters Outlook on Ba1 Unsec. Rating to Stable
-------------------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 backed senior
unsecured rating of SATA Holding S.A. The outlook was changed to
stable from negative.

The change in outlook was prompted by the revision of the outlook
to stable from negative on the Autonomous Region of Azores on
November 22, 2023. The Ba1 backed senior unsecured rating and the
stable outlook on SATA is based solely upon the unconditional and
irrevocable guarantee of scheduled principal and interest payment
(the "Guarantee") provided by the Autonomous Region of Azores
(Azores, Ba1 stable).

SATA is the current parent company of the SATA Group which is
responsible for the provision of connections between the 9 Azores
islands under public service obligations (through SATA Air Acores
S.A.) and for the majority of the connections to and from Azores
(through Azores Airlines).

RATINGS RATIONALE

The Ba1 rating on SATA's EUR65 million backed senior unsecured
notes is in line with the long-term issuer rating of Azores, which
provides unconditional and irrevocable guarantees of scheduled
principal and interest payment. The terms of the guarantees are
sufficient for credit substitution in accordance with Moody's
Guarantees, Letters of Credit and Other Forms of Credit
Substitution Methodology.

In particular, Moody's considers that the terms of the guarantees
have characteristics of strong guarantee arrangements:

-- the guarantees are irrevocable and unconditional and ensure
that obligations under the guarantee rank pari and passu with
Azores' present or future, direct, unconditional, unsecured and
unsubordinated obligations

-- the guarantees promise full and timely payment of the
obligations including interest and principal payments

-- the guarantees cover payment -- not merely collection

-- the guarantees extend as long as the term of the underlying
obligations will be reinstated and become effective again if
Noteholders have to return moneys after the date on which
guarantees has expired due to any insolvency proceeding or any
court proceeding

-- the guarantees are enforceable against the guarantor and also
in accordance with Portuguese law

-- the guarantees cannot be transferred, assigned or amended by
the guarantor

The guarantees do not explicitly state that they waive all
suretyship defenses, but there are provisions in the Deed of
Guarantee stating that the guarantor would pay all obligations in
full without any exception, reserve, condition or claim. All
payments to be made by the Guarantor under the guarantees shall
also be made without set off or counterclaim and without deduction
for or on account of any present or future taxes, duties,
withholdings or other charges.

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

The backed senior unsecured debt rating is fundamentally linked to
the rating of Azores. Any change in Azores' rating would be
expected to translate into a rating change on the backed senior
unsecured notes.

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Guarantees,
Letters of Credit and Other Forms of Credit Substitution
Methodology published in July 2022.

COMPANY PROFILE

SATA is the current parent company of the SATA Group, which holds
100% of SATA Air Acores, mainly responsible for the provision of
connections between the 9 Azores islands under public service
obligations. SATA also holds 100% of the airline company Azores
Airlines. Further to operating routes under PSO -- the linking
Lisbon to Santa Maria, Horta and Pico islands and routes linking
Ponta Delgada (São Miguel Island) to Funchal (Madeira Island) --
Azores Airlines operates international flights to countries with
important Portuguese and Azorean communities, especially in North
America.

The SATA Group plays a very important role in inter-island
connections, as well as in connections between the AAR and Portugal
mainland, thereby assuring territorial cohesion.

SATA Group is responsible for the operation and management of
Graciosa, Pico, Sao Jorge and Corvo islands airfields, as well as
Flores island terminal, through the company SATA Gestao de
Aerodromos.



===========
T U R K E Y
===========

DENIZ FINANSAL: Fitch Affirms 'B-' Long-Term Foreign Curr. IDRs
---------------------------------------------------------------
Fitch Ratings has affirmed three Turkish non-bank financial
institutions (NBFIs) at their 'B-' Long-Term Foreign-Currency
Issuer Default Ratings (LTFC IDRs). They are leasing companies -
Deniz Finansal Kiralama A.S. and QNB Finans Finansal Kiralama A.S.
- and factoring company QNB Finans Faktoring A.S..

The Outlooks on all three LTFC IDRs are Stable, mirroring those on
the companies' respective parents, Denizbank A.S and QNB Finansbank
Anonim Sirketi. A full list of rating actions is below.

KEY RATING DRIVERS

Support-Driven Ratings: The NBFIs' Long-Term IDRs are equalised
with those of their respective parents, reflecting Fitch's view
that they are core and highly integrated subsidiaries.

Fitch is not able to assess the subsidiaries' intrinsic strength as
all three companies are highly integrated within their respective
parents and their franchises rely heavily on their parents. The
ratings are underpinned by potential shareholder support, but
capped at 'B-' by their respective parents' LTFC IDRs, underlining
intervention risk from the Turkish government.

Highly Integrated Subsidiaries: The ratings of the NBFI
subsidiaries reflect their close integration within and ultimate
full or majority ownership by their respective parent banks, as
well as the reputational risk of default for their broader groups.
The subsidiaries offer leasing and factoring services in the
domestic Turkish market.

High Support Propensity: Cost of support for the relevant parent
banks would be limited as the subsidiaries are small with total
assets at no more than 3% of group assets. This, together with
other support factors listed above, means Fitch believes the
parents' propensity to support remains very high. However, the
ability to support is limited by the respective parents'
creditworthiness, as reflected in their ratings.

National Ratings Stable: All three companies' National Ratings and
their Outlooks are equalised with their respective parents'. Their
affirmation of the National Ratings reflects its view that their
creditworthiness in local currency relative to other Turkish
issuers' remains unchanged.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

The subsidiaries' Long-Term IDRs are sensitive to a downgrade of
their parents' Long-Term IDRs or a deterioration in the operating
environment, which for example could be triggered by a sovereign
downgrade.

A downgrade in the parents' National Ratings would also be likely
mirrored in the subsidiaries' ratings.

The ratings could be notched down from their respective parents' on
material deterioration in the parents' propensity or ability to
support or if the subsidiaries become materially larger relative to
the respective banks' ability to provide support.

The ratings could also be notched down from their respective
parents' if the subsidiaries' strategic importance is materially
reduced through, for example, a substantial reduction in business
referrals, reduced operational and management integration or
ownership, or a prolonged period of under-performance.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

An upgrade of the respective parent's ratings and/or an Outlook
revision to Positive would be reflected in the subsidiaries'
ratings and Outlooks.

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

All three companies' ratings are linked the ratings of their
respective parents.

ESG CONSIDERATIONS

All three companies have an ESG Relevance Score of '4' for
Management Strategy, mirroring those of the parents and reflecting
increased regulatory intervention in the Turkish banking sector.
The latter hinders the operational execution of management
strategy, constrains management ability to determine strategy and
price risk, and creates an additional operational burden for the
banks. This has a negative impact on the companies' credit profiles
and is relevant to their ratings in conjunction with other
factors.

Unless otherwise stated, the highest level of ESG credit relevance,
if present, 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 to the way in which they are being
managed by the entity. Fitch's ESG Relevance Scores are not inputs
in the rating process; they are an observation of the materiality
and relevance of ESG factors in the rating decision.

   Entity/Debt                      Rating              Prior
   -----------                      ------              -----
QNB Finans
Finansal
Kiralama A.S.     LT IDR              B-     Affirmed   B-
                  ST IDR              B      Affirmed   B
                  LC LT IDR           B      Affirmed   B
                  LC ST IDR           B      Affirmed   B
                  Natl LT             AA(tur)Affirmed   AA(tur)
                  Shareholder Support b-     Affirmed   b-

QNB Finans
Faktoring A.S.    LT IDR              B-     Affirmed   B-
                  ST IDR              B      Affirmed   B
                  LC LT IDR           B      Affirmed   B
                  LC ST IDR           B      Affirmed   B
                  Natl LT             AA(tur)Affirmed   AA(tur)
                  Shareholder Support b-     Affirmed   b-

Deniz Finansal
Kiralama A.S.     LT IDR              B-     Affirmed   B-
                  ST IDR              B      Affirmed   B
                  LC LT IDR           B      Affirmed   B
                  LC ST IDR           B      Affirmed   B
                  Natl LT             AA(tur)Affirmed   AA(tur)
                  Shareholder Support b-     Affirmed   b-

VOLKSWAGEN DOGUS: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed Volkswagen Dogus Finansman A.S.'s (VDF
Finans) Long-Term Issuer Default Rating (IDR) at 'B'. The Outlook
is Stable.

KEY RATING DRIVERS

Support-Driven Ratings: VDF Finans' IDRs are driven by support from
its controlling shareholder, Volkswagen Financial Services AG
(VWFS), and, ultimately Volkswagen AG (VW; A-/Stable), as reflected
in its Shareholder Support Rating (SSR) of 'b'. Fitch views VDF
Finans as strategically important for the VW group, given its role
in facilitating car sales in Turkiye.

Constrained by Country Ceiling: VDF Finans' Long-Term IDR and SSR
are capped by Turkiye's 'B' Country Ceiling. The Country Ceiling
captures transfer and convertibility risks and limits the extent to
which support from VWFS or VW can be factored into VDF Finans'
Long-Term Foreign-Currency IDR.

Joint-Venture: VDF Finans is fully owned by VDF Servis ve Ticaret,
which is in turn 51% owned by VW (via VWFS), and 49% by Dogus
Group. Dogus is a large Turkish conglomerate with diverse
operations, and the sole importer of VW vehicles in Turkiye. VW
exercises operational control over VDF Finans, but Dogus retains a
significant role in running the company. VDF Finans is increasingly
reliant on group funding, which has increased to 51% of total
funding at end-1H23 (end-2022: 21%).

Stable Market Share: VDF Finans is one of the leaders in Turkiye's
automotive financing sector, with a stable market share of around
14% in 1H23. VDF Finans finances retail customers, SMEs and
fleet-management companies. It works almost exclusively on VW
brands and operates over 100 sale points across Turkiye.

Improving Asset Quality: Asset quality remained strong with
non-performing loans (NPLs) at 0.7% of gross loans at end-1H23
(2022: 1.7%). Fitch expects a moderate deterioration in NPLs in
2024, but low loan-to-values should continue to support asset
quality.

Pressures on Profitability: VDF Finans' pre-tax return on average
assets improved to 5.7% in 1H23 from -1.8% in 2022 due to strong
earnings and low impairment charges. However, net interest margin
remained fairly weak at 2.3% (2022: 1.1%). Fitch expects VDF
Finans' profitability to decrease in 2024 as recent rises in
interest rates are reflected in bank loans.

Decrease in Leverage: VDF Finans' gross debt-to-tangible equity
decreased to 6.9x at end-1H23 from a very high 21.5x at end-2022.
This decrease is mainly due to a TRY600 million capital injection
in 1Q23 and higher earnings in 1H23. Fitch expects leverage to
increase as dividends are distributed to VDF Servis.

VDF Finans' regulatory equity/assets ratio also increased to 12.9%
at end-1H23 from 5.5% at end-2022. Fitch is not aware of any
planned capital injections in 2024. Fitch expects extraordinary
parental support would be forthcoming, if headroom against its
regulatory leverage limit of 3% shrinks markedly.

Stable FC Funding: VDF Finans' share of Turkish lira-denominated
funding remained stable at 57% at end-1H23 (end-2022: 56%).

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- The Long-Term IDR, National Rating and SSR would likely be
downgraded on a downgrade of Turkiye's Country Ceiling or a
revision of the sovereign Outlook to Negative

- Changes in the propensity of support from VW, for example, as a
result of dilution of ownership, a loss of operational control or
diminishing importance of the Turkish market, could also trigger a
downgrade of the IDR and SSR

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

An upgrade of Turkiye's Country Ceiling as a result of a sovereign
rating upgrade would likely be reflected in the Long-Term IDR.

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

VDF Finans' ratings are linked to the ratings of VW, and
constrained by Turkiye's Country Ceiling .

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. Fitch's ESG Relevance Scores are not inputs
in the rating process; they are an observation of the materiality
and relevance of ESG factors in the rating decision.

   Entity/Debt                       Rating              Prior
   -----------                       ------              -----
Volkswagen Dogus
Finansman A.S.    LT IDR              B       Affirmed   B
                  ST IDR              B       Affirmed   B
                  Natl LT             AAA(tur)Affirmed   AAA(tur)
                  Shareholder Support b       Affirmed   b



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

NAFTOGAZ: Fitch Ups LongTerm IDR to 'CC' on Eurobond Restructuring
------------------------------------------------------------------
Fitch Ratings has upgraded National Joint Stock Company Naftogaz of
Ukraine's (Naftogaz) Long-Term Issuer Default Rating (IDR) to 'CC'
from 'RD' (Restricted Default) following the completion of its
Eurobond restructuring. Fitch has affirmed the company's senior
unsecured notes issued by Kondor Finance plc at 'C'; the Recovery
Rating has been revised to 'RR6' from 'RR5'. Fich has revised
Naftogaz's Standalone Credit Profile (SCP) up to 'cc' from 'rd'.

Naftogaz's 'CC' IDR reflects its view that even after the
restructuring, the company's credit risk remains very high and a
default of some kind appears probable. Naftogaz's amended Eurobond
payment schedule assumes main principal payments starting from July
2024, and the company's projected liquidity remains extremely weak
and unpredictable, given very high operational risks in Ukraine
amid the ongoing war with Russia, slow payments for gas and limited
external funding options.

Fitch rates Naftogaz on a standalone basis as its SCP is in line
with the sovereign's rating (Ukraine; CC), based on Fitch's
Government-Related Entities Rating Criteria. Naftogaz's links with
Ukraine are fairly strong, although availability of state support
may be affected by Ukraine's weak credit position.

KEY RATING DRIVERS

Restructuring Completed: Naftogaz has finalised the Eurobond
restructuring process. Principal maturities have been extended,
with the first two significant payments now due in July 2024 and
July 2025 (around USD165.5 million each). The restructuring
somewhat improves Naftogaz's liquidity position, but it remains
extremely weak and unpredictable.

Infrastructure Remains Operational: Naftogaz's production has
remained broadly stable across 2021-2023 (the company expects
natural gas production to slightly increase in 2023 by around 5% on
the back of intensified capex), and largely meets domestic
consumption needs. Management expects that only moderate amounts of
gas will need to be purchased from Europe and from other domestic
suppliers in 2023. However, the gas balance situation hinges on
stable domestic production, and any significant operational
disruption, particularly during winter, could lead to the necessity
to buy expensive gas in Europe.

Receivable Collection Deteriorates: Naftogaz's receivables
collection has weakened since the war started, with natural
gas-related accounts receivable increasing by around UAH37 billion
in 2022, and remaining broadly stable throughout 1H23. Most overdue
receivables are from district heating companies. The payment
situation has somewhat improved in 2023 (as domestic prices
decreased), but Fitch believes that poor receivables collection may
continue to negatively affect Naftogaz's cash flows.

Improved Operating Performance, Negative FCF: After very weak 2022
results, Naftogaz's performance seems to have somewhat improved in
2023. In 1H23, its Fitch-calculated EBITDA was around UAH19 billion
(around USD515 million), although operating cash flows (around
UAH10 billion) were insufficient to cover capex (around UAH14
billion). Assuming no state support, Naftogaz is likely to generate
negative free cash flow (FCF) in 2023 and 2024.

Transit Revenue Generates FX: Naftogaz continues to receive
foreign-exchange revenue from Russia's Gazprom under a ship-or-pay
transit contract expiring in December 2024 (around USD800 million
per year), although it transfers the collected fees (in hryvnia) to
Gas Transmission Operator of Ukraine (also owned by the state),
which owns the gas remission infrastructure after Naftogaz's
unbundling. The arrangement remains an important source of
foreign-exchange revenue for Naftogaz.

No State Compensation in 2023: Since the war started, Naftogaz has
been operating under the public-service obligations (PSO) regime,
which implies that the company is obliged to provide gas to certain
customers at subsidised prices. A similar regime applied in
2015-21, and Naftogaz received compensation from the state for the
difference in tariffs (including UAH32 billion in 2020). No
compensation has been provided in 2023, although Naftogaz is
discussing with the state potential compensation to be provided in
2024 (including for losses incurred in 2022).

Fairly Strong Links With State: Naftogaz's support score under its
GRE criteria is 27.5. Fitch views Naftogaz's Status, Ownership and
Control, Socio-Political Implications of a Default and Financial
Implications of a Default as 'Strong', given its 100% state
ownership, significant market share, role as a supplier of last
resort, and its presence in the international debt markets. Fitch
views Naftogaz's Support Track Record as 'Moderate' given state
support has been irregular.

DERIVATION SUMMARY

Naftogaz's 'CC' rating reflects very weak projected liquidly, high
operational risks in Ukraine and limited external liquidity
options, which cast doubt over its ability to service debt even
following the recent restructuring. Fitch views Naftogaz's SCP at
'cc', in line with the sovereign 'CC' rating. Naftogaz's closest
international peer is Kazakhstan's JSC National Company QazaqGaz
(BBB-/Stable), which has a more diversified business, with exposure
to more profitable midstream operations and exports.

Other corporates Fitch rates in Ukraine include Ferrexpo plc (CCC+)
whose rating reflects lack of material financial debt but high risk
of operational disruptions; Metinvest B.V. (CCC), whose rating
reflects weak liquidity and high operational risks; DTEK Energy
B.V. and DTEK OIL & GAS PRODUCTION B.V. (both rated CC), which have
tight liquidity and high operational risks.

KEY ASSUMPTIONS

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

- European natural gas prices: USD13/mcf in 2023, USD12/mcf in
2024, USD10/mcf in 2025

- USD/UAH: 37 in 2023, 40 in 2024, 43 in 2025

- Broadly stable domestic natural gas production

RECOVERY ANALYSIS

The recovery analysis assumes that Naftogaz would be considered a
going concern (GC) in bankruptcy and that it would be reorganised
rather than liquidated. Naftogaz's recovery analysis assumes
post-reorganisation EBITDA at UAH10 billion (revised down from its
previous assessment of UAH15 billion to reflect weaker projected
profitability).

Fitch used a distressed enterprise value (EV)/EBITDA multiple of
3.0x to calculate post-reorganisation valuation. It is below the
mid-cycle multiple for EMEA oil and gas companies. It captures
higher-than-average business risks in Ukraine and reflects
Naftogaz's weaker business profile than peers.

Fitch treats all bank debt as senior-ranking. The notes are issued
by Kondor Finance on a limited recourse basis for the sole purpose
of funding a loan to Naftogaz. They constitute direct,
unconditional senior unsecured obligations of Naftogaz and rank
pari passu with all other present and future unsecured and
unsubordinated obligations.

After the deduction of 10% for administrative claims, its waterfall
analysis generated a waterfall-generated recovery computation
(WGRC) in the 'RR6' band, indicating a 'C' rating for the notes
issued by Kondor Finance plc. The WGRC output percentage on current
metrics and assumptions is 0%. The Recovery Rating has been
accordingly revised to 'RR6' from 'RR5'.

RATING SENSITIVITIES

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

- Positive rating action on Ukraine

- Naftogaz's improved liquidity position and reduced operational
risks may be positive for its SCP but not necessarily the IDR

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

- The IDR would be downgraded to 'C' if a default or default-like
event begins. This includes Naftogaz entering into a grace period,
or entering a temporary waiver or standstill following non-payment
of a financial obligation.

LIQUIDITY AND DEBT STRUCTURE

Weak, Uncertain Liquidity: At 30 June 2023, Naftogaz's cash
position was UAH56 billion (around USD1.5 billion), but its cash
balance is likely to have substantially decreased by the end of the
year. High operational risks, weak payments, negative FCF,
irregularity of state support and the possibility that Naftogaz may
need to buy higher amounts of gas abroad to meet domestic demand
(e.g. in case of lower domestic production or cold weather)
suggests that its projected liquidity profile is weak and
uncertain. Following the completed restructuring, Naftogaz's first
two significant payments are now due in July 2024 and July 2025
(around USD165.5 million each).

ISSUER PROFILE

Naftogaz is wholly state-owned and is strategically important to
Ukraine as the country's largest natural gas production,
distribution and trading company. In 2022, it produced almost 13
bcm of gas.

ESG CONSIDERATIONS

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt                 Rating         Recovery   Prior
   -----------                 ------         --------   -----
Kondor Finance plc

   senior unsecured   LT        C   Affirmed    RR6      C

National Joint Stock
Company Naftogaz of
Ukraine               LT IDR    CC  Upgrade              RD
                      LC LT IDR CC  Upgrade              RD



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

BE OFFICES: Goes Into Administration
------------------------------------
Saboor Bayat at BNN Breaking reports that BE Offices, a leading
serviced office operator in the United Kingdom, has fallen into
administration, marking a significant development in the office
rental sector.

The company's collapse, which comes amidst the broader challenges
of the pandemic, points towards the pressures within the commercial
real estate market, particularly in esteemed business locations
like London's financial district, BNN Breaking relates.

Operating nearly 300,000 square feet of flexible workspace across
10 offices in London and additional locations, BE Offices was a
significant player in the serviced office market. At the time of
its latest accounts in 2021, the firm had 125 employees and a
client base of 500 across various industries, BNN Breaking
discloses.  However, the past year saw a sharp dip in the company's
fortunes, with the turnover falling to GBP24 million from GBP36.1
million, and a loss after tax of GBP20.5 million, BNN Breaking
notes.

In the case of BE Offices, the reasons behind the company's
insolvency have not been explicitly stated, but changing work
patterns, increased competition, and economic uncertainties
stemming from the pandemic are likely contributors, BNN Breaking
states.


FARRELLYS METAL: Bought Out of Administration
---------------------------------------------
Business Sale reports that Farrellys Metal Polishers, a
long-established metal finishing business based in the Black
Country, has been acquired out of administration.

The company, which operates from a site at Newman Park, Wednesbury,
fell into administration last month after being affected by
difficult trading conditions, Business Sale recounts.

The firm is among the largest of its kind in Europe and provides
metal polishing services for customers including Jaguar Princess
Yachts, BMW and Louis Vuitton. According to Business Sale, despite
its high-profile status in the market, the company has been
affected by adverse trading conditions, including rising energy
bills, the ongoing impact of Brexit and general economic
uncertainty, which made managing the business' debts more
complicated.

The company fell into administration on November 21, with Craig
Povey and Richard Toone of Begbies Traynor appointed as joint
administrators, Business Sale relates.  The joint administrators
subsequently completed a sale of the business to FMP (Midlands) on
December 15 in a deal that secured 28 skilled jobs, Business Sale
notes.


ROLLS-ROYCE: Fitch Hikes LongTerm IDR to 'BB+', Outlook Positive
----------------------------------------------------------------
Fitch Ratings has upgraded Rolls-Royce & Partners Finance Limited's
(RRPF) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB'.
The Outlook is Positive. The rating action follows the upgrade of
RRPF's 50% owner, Rolls-Royce plc (RR; BB+/Positive), to 'BB+' from
'BB'. The Positive Outlook on RRPF mirrors that on RR.

KEY RATING DRIVERS

SCP Correlated With RR: RRPF's IDRs are based on Fitch's assessment
of the company's standalone creditworthiness, but the ratings are
constrained by the strong correlation between RR's and RRPF's risk
profiles. RRPF's Long-Term IDR and Standalone Credit Profile (SCP)
are both one notch below its implied SCP as its assessment of its
funding, liquidity and coverage, which is closely linked to RR's
Long-Term IDR, has a strong impact on its overall view of RRPF's
credit profile.

Cross-acceleration Clause: RRPF's debt includes a clause resulting
in an event of default on all RRPF's debt in case of a default of
RR's debt. Specifically, should RR's borrowings (above GBP150
million or 2% of RR's consolidated net worth) be subject to
acceleration (due to an event of default at RR being triggered), it
would trigger an event of default at RRPF and give noteholders the
provision to declare all outstanding notes immediately due and
payable. As this applies to all of RRPF's debt, it results in a
strong correlation between RR's and RRPF's default probabilities
and constrains RRPF's Long-Term IDR.

Resilient Standalone Profile: RRPF's SCP reflects its contained
leverage, staggered funding profile and stable asset utilisation
rates, which should protect its profitability in the event of a
slower recovery of long-haul air traffic. The assessment also
reflects RRPF's monoline business model, the overall modest size
and cyclicality of the spare engine lease sector and the
concentration of RR within the lessee base (29% by revenue for
January-April 2023).

Limited Near-Term Refinancing: RRPF's funding base is secured and
reliant on wholesale sources. However, upcoming note maturities are
limited to USD150 million in 2025 following the repayment of USD300
million of its US private placement (USPP) notes in 4Q23.

SSR Upgraded: Fitch has upgraded RRPF's Shareholder Support Rating
(SSR) to 'bb' from 'bb-', one notch below RR's Long-Term IDR. Fitch
believes that RR's propensity to support RRPF is high, but that its
ability to do so is constrained by its own rating. RRPF's SSR
primarily reflects RR's ownership of only 50% given its
joint-venture (JV) nature, but also its role and relevance to RR.

Issuer Profile

RRPF is a JV between UK-based RR and US-based leasing group GATX
Corporation. Established in 1989, RRPF specialises in the leasing
of spare aircraft engines (largely from RR) to around 60 airlines
globally. RRPF is the world's largest lessor of RR engines.

RRPF Engine Leasing Limited is a fully owned UK-domiciled
subsidiary of RRPF. RRPF provides an unconditional and irrevocable
guarantee on the notes issued by RRPF Engine Leasing Limited.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- A downgrade of RR would likely lead to a downgrade of RRPF's
Long-Term IDR, in view of the cross-acceleration clauses included
in RRPF's debt terms

- Absent a downgrade of RR, a significant increase in leverage or
an unexpected material weakening of RRPF's franchise could also
lead to a downgrade

- A downgrade of RR or a reduced propensity to provide support
would result in a downgrade of RRPF's SSR

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- An upgrade of RR's Long-Term IDR would likely lead to an upgrade
of RRPF's IDR

- Removal of the cross-acceleration clause in RRPF's debt terms
could also lead to an upgrade of RRPF's Long-Term IDR

- An upgrade of RR would likely result in an upgrade of RRPF's SSR

DEBT AND OTHER INSTRUMENT RATINGS: KEY RATING DRIVERS

Under Fitch's criteria, secured debt of issuers with a
sub-investment-grade Long-Term IDR can be rated up to three notches
above the Long-Term IDR in case of outstanding recovery
expectations, subject to a cap at 'BBB-' for issuers with a
sub-investment-grade Long-Term IDR. The affirmation at the present
'BBB-' cap of RRPF Engine Leasing Limited's senior secured US
private placement notes, which are guaranteed by RRPF, and RRPF's
senior secured revolving credit facility (RCF), reflects Fitch's
expectation of outstanding recovery prospects for the RCF and the
notes, even under a stress scenario where engine values materially
drop.

Noteholders and RCF counterparties benefit from an identical
security package (ie. direct security interests over spare engines)
and financial covenants include a requirement for outstanding debt
not to exceed the lower of the net book value of pledged spare
engines and 80% of their externally appraised market value. The
asset pool backing the liabilities is also subject to concentration
limits regarding engine type, lessee and the proportion of
off-lease engines.

Fitch's expectations of outstanding recoveries are primarily
underpinned by consistently low loan-to-market-value ratios (LTV;
defined as current market values/outstanding gross debt; broadly
unchanged YoY at around 50% at end-2022 and remaining below 60%
following the 2008 global financial crisis) and the young average
age. This is supported by spare engines' typically better value
retention (compared with aircraft assets) and their more favourable
depreciation profile (in particular during the first phase of their
useful economic life).

DEBT AND OTHER INSTRUMENT RATINGS: RATING SENSITIVITIES

Factors That Could, Individually or Collectively, Lead to Negative
Action/Downgrade

- A downgrade of RRPF's Long-Term IDR.

- A material increase in RRPF's LTV (affecting its covenant
headroom), or changes to the underlying security package indicating
weaker recoveries could lead to a narrower notching between RRPF's
Long-Term IDR and the senior secured debt rating and a downgrade of
the senior secured notes. In addition, indications that projected
engine market value declines exceed Fitch's current expectations
could lead to a downgrade of the notes

Factors That Could, Individually or Collectively, Lead to Positive
Action/Upgrade

- The senior secured notes would likely be upgraded if RRPF's
Long-Term IDR is upgraded, and if Fitch concludes that recovery
prospects remain at least good. Further upgrades to the senior
secured notes would remain capped at one notch above the IDR.

ADJUSTMENTS

The 'bb+' SCP is below the 'bbb-' implied SCP due to the following
adjustment reason: funding, liquidity & coverage (negative).

The 'bb+' capitalisation & leverage score is below the 'bbb'
implied range due to the following adjustment reason: historical
and future metrics (negative)

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

RRPF's SSR and Long-Term IDR are linked to RR's Long-Term IDR.

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. Fitch's ESG Relevance Scores are not inputs
in the rating process; they are an observation of the materiality
and relevance of ESG factors in the rating decision.

   Entity/Debt                          Rating           Prior
   -----------                          ------           -----
Rolls-Royce &
Partners Finance
Limited              LT IDR              BB+  Upgrade    BB
                     ST IDR              B    Affirmed   B
                     Shareholder Support bb   Upgrade    bb-

    senior secured   LT                  BBB- Affirmed   BBB-

RRPF Engine
Leasing Limited

   senior secured    LT                  BBB- Affirmed   BBB-

STANLEY GIBBONS: Set to Enter Into Administration
-------------------------------------------------
Hugo Duncan and Dominic Ly at This is MONEY reports that Stanley
Gibbons looks set to fall into administration as part of a plan to
secure the future of the 167-year-old rare stamp dealer.

The firm, which is one of the most prominent names in the stamp and
coin collecting world, was expected to appoint administrators at
PricewaterhouseCooper on Dec. 22, This is MONEY discloses.

It comes just over a year after it was delisted in London and is
likely to alarm the 66 staff as well as customers and suppliers so
close to Christmas, This is MONEY states.

But the Mail understands it will be immediately bought back by its
owners Phoenix Asset Management in a "pre-pack" administration,
This is MONEY notes.

Stanley Gibbons, the world's longest established rare stamp
merchant, said it and its coin dealing business, AH Baldwin & Sons,
"have each filed a notice of intention to appoint an
administrator", This is MONEY relates.

According to This is MONEY, a spokesman for the firm said: "We
would like to reassure customers and wider stakeholders that we are
continuing to operate and are exploring all options to seek a
continuation of the business."

The company lost GBP2.9 million last year, having made a loss of
GBP2.6 million in the previous year, This is MONEY discloses.


ZEUS BIDCO: Moody's Affirms 'B1' CFR, Outlook Remains Stable
------------------------------------------------------------
Moody's Investors Service has affirmed the B1 long-term corporate
family rating of Zeus Bidco Limited (Zenith), and the B1 rating of
the GBP475 million fixed rate senior secured notes issued out of
Zenith Finco Plc. The issuers' outlooks remain stable.

RATINGS RATIONALE

The CFR of B1 reflects Zenith's moderate size, steady and good
level of cash flow generation, and debt servicing capacity,
relatively high leverage, and moderate liquidity profile.

Despite negative net income and tangible common equity stemming
from sizeable non-cash items, goodwill and customer intangibles,
the company can rely on its steady cash flow generated by its
long-term financing, management and maintenance contracts to cover
its capital spending and service debt. In addition, Zenith has a
long track record of strong residual value risk management
practices. It benefits from its multi brand, varied propulsion
technology vehicle fleet, targeting a diversified customer base.
This moderate risks to its earnings and balance sheet, especially
at times of fluctuating prices in the secondary car market and
evolving customer preferences.

At the same time, Zenith's CFR is weighed down by its elevated
leverage with Moody's Adjusted debt to EBITDA at 5.4x and moderate
funds from operations to debt at 8.2% as of March 2023. Moody's
expects these indicators to improve very modestly over the next 12
to 18 months.

Zenith's liquidity profile is supported by its funding profile
despite very high asset encumbrance and its refinancing risks are
contained with key funding sources such as its securitisations and
Zenith Finco Plc's senior secured debt not maturing before November
2025 or in the latter case, during 2027.

The B1 rating of the senior secured debt issuances of Zenith Finco
Plc reflects its priority of claim and asset coverage in the
company's current liability structure.

OUTLOOK

The stable outlook reflects Moody's expectation that Zenith's
credit fundamentals and capital structure will largely remain
steady. The medium-term maturity profile of its key funding sources
and access to liquidity via undrawn securitisation and revolving
credit facilities together with easing supply chain constraints
should support steady expansion of Zenith's fleet, customer base
and revenues.

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

The CFR could be upgraded if Zenith (i) improves its cashflow
generation, profitability and debt servicing capacity, (ii)
deleverages so that debt / EBITDA is maintained below 3.5; and/or
(iii) improves its liquidity profile with significantly lower
secured debt reliance and higher cashflow generation relative to
its outstanding debt. An upgrade of the CFR would likely result in
an upgrade of all ratings. The senior secured debt ratings of
Zenith Finco Plc could also be upgraded if there were significant
changes in the liability structure, which would result in an
increase in its expected recovery in a default scenario.

The CFR could be downgraded if the company (i) were unable to
maintain its cash flow generation; (ii) fails to maintain a
sustainable profitability; and/or (iii) significantly increases its
leverage for a prolonged time while consuming its cash balances.
Additionally, the CFR could be downgraded if the prudent residual
value management and risk appetite or its leading market position
weaken, deviating from its historical track record. The senior
secured debt rating of Zenith Finco Plc could also be downgraded if
there were significant changes in the liability structure, which
would result in a decrease in expected recoveries for secured
creditors in a default scenario or following the downgrade of the
CFR.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Finance
Companies Methodology published in November 2019.

[*] UK: 4,500 Retailers in Critical Financial Distress
------------------------------------------------------
Scott Reid at The Scotsman reports that nearly 4,500 UK retailers
including online-only merchants face an uncertain new year as
consumers continue to tighten their purse strings amid the
cost-of-living spending squeeze, a new report has warned.

Insolvency firm Begbies Traynor said poor consumer confidence,
sticky inflation and elevated interest rates were forcing consumers
to hold back from spending in a big way, even in the run up to
Christmas, The Scotsman relates.  According to The Scotsman, the
decision by many people to remain "very prudent on household
expenditure" during the most critical shopping period of the year
only adds to the pressures faced by the embattled retail sector,
the firm warned.

Retailers rely on the so-called "golden quarter" covering the
build-up to the festive season and post-festive sales to generate
the bulk of their profits, The Scotsman states.

According to The Scotsman, the Scottish Retail Consortium said
"alarm bells not tills" were ringing for Scotland's retailers in
the final countdown to Christmas after sales slipped for the fifth
month in a row during November.  Sales of big-ticket items such as
white goods, home entertainment equipment and furniture were said
to be particularly weak, The Scotsman notes.

Publishing its latest Red Flag Alert report, Begbies Traynor said
"critical financial distress" had risen considerably across the
whole retail sector, with food and drug retailers up about 10% and
"general" retailers up 13.7% on the prior quarter, The Scotsman
discloses.

Nearly 4,500 UK retailers are classed by the firm as being in
critical financial distress while almost 46,000 retail businesses
in the UK are now in "significant" financial distress -- 7.5%
higher than the previous quarter and 4.6% higher than the same
period last year, The Scotsman relays.  More than a fifth of all
retailers in critical financial distress are online-only
organisations, the report noted, according to The Scotsman.

"There is no doubt about it, the last 12 months have been
incredibly difficult for British retailers as an increasingly tough
economic backdrop continued to pile on the pressure, with
businesses that were only just standing on two feet again now
feeling the pain this Christmas.  And, after a year where consumers
faced one of the worst cost-of-living squeezes on their wallets,
the shopping bonanza many retailers were relying on this Christmas
does not seem to have materialised, pushing many businesses close
to financial ruin this winter," The Scotsman Julie Palmer, a
partner at Begbies Traynor, as saying.

The fresh data also highlights the shift away from online-only
retailers as consumers return to bricks and mortar stores,
favouring an omni-channel offer. During the fourth quarter of 2023,
the number of online-only businesses in critical financial distress
leapt 11.7% to 910, representing more than 20 per cent of all the
businesses in critical distress, while 7,393 online businesses were
in significant distress, up 6.5% on the prior quarter.




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

[*] BOND PRICING: For the Week December 18 to December 22, 2023
---------------------------------------------------------------
Issuer               Coupon   Maturity Currency Price
------               ------   --------  ------- -----
United Kingdom Gilt    0.50010/22/2061   GBP   28.938
Republic of Austria G  0.850 6/30/2120   EUR   43.054
Signa Development Fin  5.500 7/23/2026   EUR    8.081
Tele Columbus AG       3.875  5/2/2025   EUR   64.011
Cullinan Holdco Scsp   4.62510/15/2026   EUR   74.738
Nitrogenmuvek Vegyipa  7.000 5/14/2025   EUR   63.863
United Kingdom Gilt    0.625 7/31/2035   GBP   66.618
CPI Property Group SA  4.875             EUR   26.033
Julius Baer Group Ltd  3.625             USD   65.235
CPI Property Group SA  1.750 1/14/2030   EUR   55.261
Heimstaden Bostad AB   3.248             EUR   43.637
United Kingdom Gilt    0.62510/22/2050   GBP   38.997
United Kingdom Gilt    0.875 7/31/2033   GBP   74.058
Clariane SE            0.875  3/6/2027   EUR   37.879
CPI Property Group SA  1.500 1/27/2031   EUR   51.836
BRANICKS Group AG      2.250 9/22/2026   EUR   36.473
CPI Property Group SA  1.625 4/23/2027   EUR   72.037
Clariane SE            1.875             EUR   25.173
Atos SE                1.750  5/7/2025   EUR   67.813
Clariane SE            4.125             GBP   59.833
ams-OSRAM AG           2.125 11/3/2027   EUR   75.109
CPI Property Group SA  4.875             EUR   26.276
Pro-Gest SpA           3.25012/15/2024   EUR   53.458
Heimstaden AB          4.250  3/9/2026   EUR   45.281
EnfraGen Energia Sur   5.37512/30/2030   USD   74.695
Heimstaden Bostad AB   2.625             EUR   30.325
Atos SE                1.00011/12/2029   EUR   45.976
SBB Treasury Oyj       1.12511/26/2029   EUR   52.905
Clariane SE            2.25010/15/2028   EUR   57.784
Heimstaden AB          6.750             EUR   19.307
GTC Aurora Luxembourg  2.250 6/23/2026   EUR   69.184
Turkiye Government In  5.750 5/11/2047   USD   71.020
Heimstaden AB          4.375  3/6/2027   EUR   40.619
DEMIRE Deutsche Mitte  1.87510/15/2024   EUR   55.490
Altice France Holding  8.000 5/15/2027   EUR   47.958
Deutsche Pfandbriefba  4.679 6/28/2027   EUR   72.853
Audax Renovables SA    4.20012/18/2027   EUR   72.860
CPI Property Group SA  3.750             EUR   20.497
French Republic Gover  0.750 5/25/2053   EUR   50.758
Heimstaden Bostad AB   3.625             EUR   36.643
Altice France Holding 10.500 5/15/2027   USD   52.730
Gol Finance SA         7.000 1/31/2025   USD   40.712
Braskem Netherlands F  5.875 1/31/2050   USD   70.882
Italy Buoni Poliennal  2.150  3/1/2072   EUR   56.443
Landesbank Baden-Wuer  4.000             EUR   69.592
Vedanta Resources Ltd  6.125  8/9/2024   USD   62.692
SBB Treasury Oyj       0.75012/14/2028   EUR   53.991
Banco Santander SA     3.625             EUR   70.319
Samhallsbyggnadsbolag  2.875             EUR   14.177
Dignity Finance PLC    4.69612/31/2049   GBP   73.333
Samhallsbyggnadsbolag  2.624             EUR   14.300
United Kingdom Inflat  0.125 3/22/2051   GBP   71.774
Mitsubishi UFJ Invest  8.45612/15/2050   EUR   46.325
United Kingdom Gilt    1.12510/22/2073   GBP   35.823
Barclays PLC           4.375             USD   73.316
Heimstaden Bostad Tre  0.750  9/6/2029   EUR   61.375
PCF GmbH               4.750 4/15/2026   EUR   69.178
Orpea SA               2.625 3/10/2025   EUR   19.920
MorphoSys AG           0.62510/16/2025   EUR   67.595
SIGNA Prime CM 2017 G  4.000 4/30/2047   EUR   18.355
Italy Buoni Poliennal  1.700  9/1/2051   EUR   57.279
Castellum AB           3.125             EUR   69.375
Eolo SpA               4.87510/21/2028   EUR   69.985
Kenbourne Invest SA    6.87511/26/2024   USD   69.753
Unigel Luxembourg SA   8.750 10/1/2026   USD   33.500
Eutelsat SA            1.50010/13/2028   EUR   72.809
Samhallsbyggnadsbolag  2.250 8/12/2027   EUR   62.091
Heimstaden Bostad AB   3.000             EUR   30.950
Romanian Government I  3.375 1/28/2050   EUR   62.074
VEON Holdings BV       3.37511/25/2027   USD   71.685
Atos SE                2.500 11/7/2028   EUR   52.162
Grupo Antolin-Irausa   3.500 4/30/2028   EUR   69.981
Kenbourne Invest SA    4.700 1/22/2028   USD   50.302
Heimstaden Bostad Tre  1.62510/13/2031   EUR   58.365
Allianz SE             3.875             USD   66.727
Turkiye Government In  4.875 4/16/2043   USD   65.850
Chrome Holdco SAS      5.000 5/31/2029   EUR   70.312
Deutsche Pfandbriefba  8.474             EUR   61.627
State of North Rhine-  0.950 1/10/2121   EUR   39.646
CPI Property Group SA  2.750 1/22/2028   GBP   68.266
B2W Digital Lux Sarl   4.37512/20/2030   USD   18.880
United Kingdom Gilt    1.250 7/31/2051   GBP   47.588
Heimstaden Bostad Tre  1.000 4/13/2028   EUR   68.648
Victoria PLC           3.750 3/15/2028   EUR   64.712
Liquid Telecommunicat  5.500  9/4/2026   USD   59.316
Samhallsbyggnadsbolag  2.625             EUR   14.322
InterCement Financial  5.750 7/17/2024   USD   67.435
Republic of Austria G  0.700 4/20/2071   EUR   42.054
HSE Finance Sarl       5.62510/15/2026   EUR   50.375
Citycon Oyj            4.496             EUR   69.875
United Kingdom Gilt    1.25010/22/2041   GBP   59.710
AT Securities BV       7.747             USD   48.500
ATF Netherlands BV     7.078             EUR   40.444
Heimstaden AB          9.966             SEK   27.667
Altice France SA/Fran  4.125 1/15/2029   EUR   72.270
Samhallsbyggnadsbolag  2.375  9/4/2026   EUR   69.798
Heimstaden Bostad Tre  1.375 7/24/2028   EUR   68.057
Altice France SA/Fran  5.125 7/15/2029   USD   72.374
Cie de Phalsbourg Sar  5.000 3/27/2029   EUR   63.887
Vedanta Resources Fin  8.950 3/11/2025   USD   71.381
Grand City Properties  1.500             EUR   41.260
Vedanta Resources Fin  9.250 4/23/2026   USD   56.229
Vodafone Group PLC     5.125  6/4/2081   USD   69.599
Altice France SA/Fran  3.375 1/15/2028   EUR   73.305
Carnival PLC           1.00010/28/2029   EUR   68.585
Romanian Government I  2.000 4/14/2033   EUR   71.070
Rothschild & Co Conti  3.650             EUR   65.947
IMMOFINANZ AG          2.50010/15/2027   EUR   71.415
Altice France SA/Fran  5.50010/15/2029   USD   72.628
Agps Bondco PLC        5.000 1/14/2029   EUR   31.621
ING Groep NV           4.250             USD   68.452
United Kingdom Gilt    0.875 1/31/2046   GBP   48.177
Heimstaden Bostad AB   3.375             EUR   39.377
Altice France SA/Fran  4.25010/15/2029   EUR   71.866
Casino Guichard Perra  4.498  3/7/2024   EUR    0.681
Italy Buoni Poliennal  1.500 4/30/2045   EUR   59.752
United Kingdom Gilt    1.125 1/31/2039   GBP   63.075
Brit Insurance Holdin  3.676 12/9/2030   GBP   72.569
Altice France Holding  6.000 2/15/2028   USD   40.295
Fastighets AB Balder   2.873  6/2/2081   EUR   69.067
Castellum Helsinki Fi  0.875 9/17/2029   EUR   72.876
Aroundtown SA          1.625             EUR   29.258
Grand City Properties  5.901             EUR   55.175
Altice France Holding  4.000 2/15/2028   EUR   38.292
Casino Guichard Perra  3.992             EUR    0.299
Orpea SA               2.000  4/1/2028   EUR   20.437
Teva Pharmaceutical F  4.100 10/1/2046   USD   64.181
UBS Group AG           4.375             USD   75.200
Casino Guichard Perra  4.469             EUR    0.259
Hungary Government In  1.750  6/5/2035   EUR   71.149
Metro Bank PLC         9.139 6/26/2028   GBP   45.563
Compact Bidco BV       5.750  5/1/2026   EUR   46.121
Proximus SADP          0.75011/17/2036   EUR   68.831
Raiffeisen Bank Inter  4.500             EUR   65.873
Prosus NV              3.832  2/8/2051   USD   60.193
Swedbank AB            4.000             USD   74.205
Aroundtown SA          2.125             EUR   32.850
Voltalia SA            1.000 1/13/2025   EUR   28.900
Romanian Government I  2.750 4/14/2041   EUR   61.461
United Kingdom Inflat  0.375 3/22/2062   GBP   72.638
Italy Buoni Poliennal  2.150  9/1/2052   EUR   62.397
United Kingdom Gilt    1.750  9/7/2037   GBP   72.633
Voyage Care BondCo PL  5.875 2/15/2027   GBP   72.417
Romanian Government I  2.000 1/28/2032   EUR   74.002
Romanian Government I  2.875 4/13/2042   EUR   61.430
United Kingdom Inflat  0.125 8/10/2048   GBP   74.189
VGP NV                 1.500  4/8/2029   EUR   75.143
NAK Naftogaz Ukraine   7.625 11/8/2028   USD   47.178
La Financiere Atalian  5.125 5/15/2025   EUR   72.366
Metalcorp Group SA     8.500 6/28/2026   EUR    1.275
Russian Foreign Bond   5.100 3/28/2035   USD   35.938
Berkeley Group PLC/Th  2.500 8/11/2031   GBP   72.146
Herens Midco Sarl      5.250 5/15/2029   EUR   57.125
Akelius Residential P  0.750 2/22/2030   EUR   73.371
Kudelski SA            1.500 9/27/2024   CHF   72.388
Bigben Interactive     1.125 2/19/2026   EUR   59.056
Aroundtown SA          2.875             EUR   32.106
Accor SA               0.700 12/7/2027   EUR   46.068
United Kingdom Gilt    1.500 7/31/2053   GBP   49.828
CTP NV                 1.500 9/27/2031   EUR   74.440
JSM Global Sarl        4.75010/20/2030   USD   18.880
Allianz SE             2.600             EUR   68.967
Citycon Oyj            3.625             EUR   56.591
Romanian Government I  2.625 12/2/2040   EUR   61.388
Air France-KLM         0.125 3/25/2026   EUR   17.612
Ukraine Government In  7.253 3/15/2035   USD   23.594
Aragvi Finance Intern  8.450 4/29/2026   USD   67.940
Paper Industries Inte  9.975  3/1/2025   EUR   71.066
Allianz SE             2.625             EUR   71.948
Prosus NV              2.778 1/19/2034   EUR   74.761
Intrum AB              3.000 9/15/2027   EUR   70.475
Hungary Government Bo  2.250 4/20/2033   HUF   71.838
Hellenic Republic Gov  1.875 1/24/2052   EUR   64.106
Intesa Sanpaolo SpA    4.950  6/1/2042   USD   66.395
Ukraine Government In  7.375 9/25/2034   USD   23.767
Spain Government Bond  1.00010/31/2050   EUR   51.680
gategroup Finance Lux  3.000 2/28/2027   CHF   67.933
Romanian Government I  4.000 2/14/2051   USD   66.618
Abengoa Abenewco 2 SA  1.50010/26/2024   EUR    1.066
Orpea SA               0.375 5/17/2027   EUR   38.658
French Republic Gover  0.750 5/25/2052   EUR   51.846
Ukraine Government In  6.750 6/20/2028   EUR   23.770
VTR Finance NV         6.375 7/15/2028   USD   17.734
Gazprom PJSC Via Gaz   2.500 3/21/2026   EUR   65.452
United Kingdom Inflat  0.12511/22/2065   GBP   64.274
Luzerner Kantonalbank  1.500             CHF   72.555
GRENKE AG              5.375             EUR   70.516
Vnesheconombank Via V  5.94211/21/2023   USD    9.872
CaixaBank SA           3.625             EUR   72.344
Balder Finland Oyj     1.000 1/20/2029   EUR   72.344
NatWest Group PLC      4.600             USD   71.100
Casino Guichard Perra  5.250 4/15/2027   EUR    1.036
Italy Buoni Poliennal  1.800  3/1/2041   EUR   68.473
United Kingdom Inflat  0.125 3/22/2058   GBP   67.334
Maxeda DIY Holding BV  5.875 10/1/2026   EUR   71.469
La Banque Postale SA   3.000             EUR   67.888
Endo Luxembourg Finan  6.125  4/1/2029   USD   64.250
Atento Luxco 1 SA      8.000 2/10/2026   USD    0.010
Agps Bondco PLC        6.000  8/5/2025   EUR   38.290
Ukraine Government In  4.375 1/27/2032   EUR   20.736
Hungary Government In  0.50011/18/2030   EUR   74.612
Moby SpA               7.750 2/15/2023   EUR   60.536
Nostrum Oil & Gas Fin  5.000 6/30/2026   USD   69.150
Agps Bondco PLC        4.250 7/31/2025   EUR   72.360
Mallinckrodt Internat 10.000 6/15/2029   USD    6.000
Hungary Government In  3.125 9/21/2051   USD   61.477
Nykredit Realkredit A  1.000 10/1/2050   DKK   73.985
United Kingdom Gilt    1.62510/22/2071   GBP   45.565
AI Candelaria Spain S  5.750 6/15/2033   USD   74.103
Unicaja Banco SA       4.875             EUR   74.437
Thames Water Kemble F  4.625 5/19/2026   GBP   58.666
Spain Government Bond  0.850 7/30/2037   EUR   69.988
NAK Naftogaz Ukraine   7.125 7/19/2026   EUR   46.511
Just Eat Takeaway.com  0.625  2/9/2028   EUR   72.240
UBS Group AG           0.625 1/18/2033   EUR   72.747
Rothesay Life PLC      5.000             GBP   69.393
Russian Foreign Bond   5.250 6/23/2047   USD   30.934
Idorsia Ltd            2.125  8/4/2028   CHF   39.517
Ellos Group AB/Boras  10.847 7/25/2024   SEK   72.016
NAK Naftogaz Ukraine   7.650 7/19/2025   USD   66.937
Orsted AS              2.500 2/18/3021   GBP   63.558
BICO Group AB          2.875 3/19/2026   SEK   70.089
Nexity SA              0.250  3/2/2025   EUR   59.078
United Kingdom Inflat  0.12511/22/2056   GBP   68.415
Ukraine Government In  7.750  9/1/2025   USD   29.703
Kernel Holding SA      6.75010/27/2027   USD   63.266
Serbia International   1.650  3/3/2033   EUR   69.798
Turkiye Government Bo 11.70011/13/2030   TRY   50.000
JT International Fina  3.300 9/14/2051   USD   62.421
Gol Finance SA         8.000 6/30/2026   USD   40.846
Spain Government Bond  1.000 7/30/2042   EUR   62.494
Fnac Darty SA          0.250 3/23/2027   EUR   68.583
Balder Finland Oyj     2.000 1/18/2031   EUR   69.192
Trinseo Materials Ope  5.125  4/1/2029   USD   38.522
CPI Property Group SA  5.800             SGD   44.443
Casino Guichard Perra  4.048  8/5/2026   EUR    1.000
Russian Railways Via   0.898 10/3/2025   CHF   63.810
Prosus NV              4.987 1/19/2052   USD   71.314
Kleopatra Holdings 2   6.500  9/1/2026   EUR   57.855
Orsted AS              1.500 2/18/3021   EUR   73.637
Aroundtown SA          3.375             EUR   38.758
Koninklijke Luchtvaar  0.750             CHF   27.500
Codere Finance 2 Luxe 11.000 9/30/2026   EUR   60.423
Kingdom of Belgium Go  0.400 6/22/2040   EUR   62.724
United Kingdom Gilt    1.750 7/22/2057   GBP   51.972
MHP Lux SA             6.250 9/19/2029   USD   63.486
Ukraine Government In  7.750  9/1/2027   USD   27.093
Balder Finland Oyj     1.375 5/24/2030   EUR   68.466
Ageas SA/NV            3.875             EUR   74.995
Ireland Government Bo  1.500 5/15/2050   EUR   68.255
EP Infrastructure AS   1.816  3/2/2031   EUR   72.983
Denmark Government Bo  0.25011/15/2052   DKK   50.566
Altice France SA/Fran  4.000 7/15/2029   EUR   71.255
UBM Development AG     5.500             EUR   74.601
Nexity SA              0.875 4/19/2028   EUR   36.153
Ukraine Government In  7.750  9/1/2024   USD   31.066
EnBW Energie Baden-Wu  2.125 8/31/2081   EUR   74.239
Slovakia Government B  2.250 6/12/2068   EUR   65.111
Casino Guichard Perra  3.580  2/7/2025   EUR    1.031
Idorsia Ltd            0.750 7/17/2024   CHF   60.828
Italy Buoni Poliennal  2.450  9/1/2050   EUR   68.545
Republic of Austria G  0.25010/20/2036   EUR   69.808
Optivo Finance PLC     3.283 3/22/2048   GBP   66.125
Intesa Sanpaolo SpA    4.700 9/23/2049   USD   70.126
EIG Pearl Holdings Sa  4.38711/30/2046   USD   74.539
Luzerner Kantonalbank  2.000             CHF   73.839
Abengoa Abenewco 2 SA  1.50010/26/2024   EUR    2.226
Signa Development Fin  5.500 7/23/2026   EUR    8.361
United Kingdom Gilt    1.750 1/22/2049   GBP   57.267
Samhallsbyggnadsbolag  7.599             SEK   15.150
Codere Finance 2 Luxe 12.75011/30/2027   EUR    7.457
Republic of Austria G  1.500 11/2/2086   EUR   56.813
Grand City Properties  6.332             EUR   59.489
Mutuelle Assurance De  3.500             EUR   71.721
Portugal Obrigacoes d  1.000 4/12/2052   EUR   53.064
Electricite de France  2.000 12/9/2049   EUR   59.682
Aroundtown SA          4.750             GBP   38.800
Rallye SA              4.000 2/28/2032   EUR    0.060
Aroundtown SA          1.450  7/9/2028   EUR   74.317
Russian Railways Via   0.840 3/12/2026   CHF   51.529
Vonovia SE             1.625  9/1/2051   EUR   52.706
Bulgaria Government I  1.375 9/23/2050   EUR   54.888
Czech Republic Govern  1.500 4/24/2040   CZK   66.920
Russian Foreign Bond   2.875 12/4/2025   EUR   61.108
Gazprom PJSC via Gaz   1.500 2/17/2027   EUR   61.992
Audax Renovables SA    2.75011/30/2025   EUR   74.048
OSB Group PLC          6.000             GBP   72.641
Shell International F  3.00011/26/2051   USD   67.891
Ocado Group PLC        0.750 1/18/2027   GBP   74.269
Prosus NV              4.027  8/3/2050   USD   62.435
MBT Systems GmbH       3.750 5/17/2029   EUR   71.542
Russian Foreign Bond   4.375 3/21/2029   USD   49.451
United Kingdom Gilt    2.500 7/22/2065   GBP   62.584
French Republic Gover  1.750 5/25/2066   EUR   64.544
Slovakia Government B  1.00010/13/2051   EUR   48.338
AnaCap Financial Euro  8.968  8/1/2024   EUR   65.270
Ukraine Government In  7.750  9/1/2026   USD   27.517
Ukraine Government In  9.750 11/1/2030   USD   28.558
Netherlands Governmen  0.500 1/15/2040   EUR   69.720
FIGEAC-AERO            1.75010/18/2028   EUR   15.757
Canary Wharf Group In  3.375 4/23/2028   GBP   66.454
Solocal Group         10.845 3/15/2025   EUR   24.986
BAT International Fin  4.00011/23/2055   GBP   57.754
Novo Banco SA/Luxembo  3.500 1/23/2043   EUR   73.343
SPP-Distribucia AS     1.000  6/9/2031   EUR   71.285
Metinvest BV           7.75010/17/2029   USD   58.480
Gazprom PJSC via Gaz   3.897             EUR   59.684
Wirecard AG            0.500 9/11/2024   EUR   15.967
Ukraine Government In  6.876 5/21/2031   USD   23.413
BAT International Fin  2.250  9/9/2052   GBP   40.632
Gazprom PJSC via Gaz   1.540 6/30/2027   CHF   61.251
Bayer AG               1.000 1/12/2036   EUR   67.008
Mithra Pharmaceutical  4.25012/17/2025   EUR   29.865
MMC Norilsk Nickel OJ  3.37510/28/2024   USD   74.625
Republic of Italy Gov  3.875  5/6/2051   USD   67.187
Casino Guichard Perra  6.625 1/15/2026   EUR    1.000
United Utilities Wate  1.875  6/3/2042   GBP   57.694
Delivery Hero SE       2.125 3/10/2029   EUR   71.701
Serbia International   2.050 9/23/2036   EUR   64.103
Russian Foreign Bond   4.750 5/27/2026   USD   54.014
alstria office REIT-A  1.50011/15/2027   EUR   72.868
Russian Railways Via   2.100 10/2/2023   CHF   66.446
Russian Railways Via   2.200 5/23/2027   EUR   65.206
Cellnex Finance Co SA  3.875  7/7/2041   USD   73.143
Ukraine Government In  7.750  9/1/2029   USD   27.521
Riverside Finance Plc  3.875 12/5/2044   GBP   74.220
Russian Foreign Bond   1.85011/20/2032   EUR   30.945
Maisons du Monde SA    0.125 12/6/2023   EUR   48.183
Rallye SA              4.371 2/28/2032   EUR    0.051
Ukraine Railways Via   8.250  7/9/2026   USD   53.317
Italy Buoni Poliennal  1.450  3/1/2036   EUR   73.670
Republic of Belarus I  6.378 2/24/2031   USD   35.497
Finland Government Bo  0.125 4/15/2052   EUR   44.804
Clariane SE            3.350 6/29/2028   EUR   61.370
United Kingdom Gilt    1.62510/22/2054   GBP   51.029
Delivery Hero SE       1.500 1/15/2028   EUR   74.837
Nykredit Realkredit A  1.000 10/1/2050   DKK   69.745
Electricite de France  4.500 12/4/2069   USD   68.668
Marginalen Bank Banka 10.09910/30/2028   SEK   60.000
Places For People Tre  2.500 1/26/2036   GBP   70.456
Fastator AB           10.614 9/26/2025   SEK   69.129
UBS Group AG           3.179 2/11/2043   USD   68.919
Turkiye Government Bo 10.500 8/11/2027   TRY   64.300
Croatia Government In  1.750  3/4/2041   EUR   71.371
Development Bank of t  6.750  5/2/2024   USD   41.390
Interpipe Holdings PL  8.375 5/13/2026   USD   72.796
Republic of Austria G  0.750 3/20/2051   EUR   55.666
Slovakia Government B  0.375 4/21/2036   EUR   65.853
Triodos Bank NV        2.250  2/5/2032   EUR   73.727
Logicor Financing Sar  0.875 1/14/2031   EUR   72.853
Slovenia Government B  0.688  3/3/2081   EUR   41.547
Ukraine Government In  7.750  9/1/2028   USD   27.637
PREOS Global Office R  7.500 12/9/2024   EUR    0.001
Oscar Properties Hold 11.320  7/5/2024   SEK   10.708
NGD Holdings BV        6.75012/31/2026   USD   70.147
Thomas Cook Group PLC  6.250 6/15/2022   EUR    0.688
Financiere Immobilier  6.000 1/30/2025   EUR    9.204
HSE Finance Sarl       9.75210/15/2026   EUR   50.794
Russian Foreign Bond   4.250 6/23/2027   USD   52.923
Republic of Belarus I  7.625 6/29/2027   USD   35.760
Caybon Holding AB     10.550  3/3/2025   SEK   50.000
French Republic Gover  1.500 5/25/2050   EUR   66.883
Barclays Bank PLC      4.33112/28/2040   EUR   69.561
Agps Bondco PLC        5.000 4/27/2027   EUR   33.591
Republic of Austria G  1.500 2/20/2047   EUR   71.674
Desenio Group AB       9.56112/16/2024   SEK   64.661
Dtek Renewables Finan  8.50011/12/2024   EUR   57.167
Magnolia Bostad AB    10.961 3/18/2025   SEK   70.000
Republic of Italy Gov  4.00010/17/2049   USD   70.336
Romanian Government I  3.375  2/8/2038   EUR   72.732
Hungary Government In  1.50011/17/2050   EUR   51.077
BNP Paribas SA         0.625 12/3/2032   EUR   75.189
Greenbit Energy AS    14.750 5/27/2025   NOK   71.148
Russian Railways Via   3.125             CHF   40.184
Gazprom PJSC via Gaz   2.950 4/15/2025   EUR   65.479
Novo Banco SA/Luxembo  3.500 2/19/2043   EUR   72.262
Aroundtown SA          3.00010/16/2029   GBP   69.509
Enel Finance Internat  0.875 9/28/2034   EUR   72.382
Imperial Brands Finan  1.750 3/18/2033   EUR   75.019
Diageo Finance PLC     2.750  6/8/2038   GBP   75.009
Covivio SA/France      0.875 1/20/2033   EUR   74.217
TotalEnergies Capital  3.127 5/29/2050   USD   70.068
Sydbank AS             3.252             EUR   63.409
Perrigo Finance Unlim  4.90012/15/2044   USD   75.735
Gazprom PJSC via Gaz   3.000 6/29/2027   USD   68.133
Vonovia SE             1.500 6/14/2041   EUR   60.896
Fresnillo PLC          4.250 10/2/2050   USD   71.495
Gazprom PJSC via Gaz   4.599             USD   51.421
Intesa Sanpaolo SpA    2.10011/13/2030   USD   74.990
Wuestenrot & Wuerttem  2.125 9/10/2041   EUR   73.027
Arrival SA             3.500 12/1/2026   USD    1.497
Flamingo Lux II SCA    5.000 3/31/2029   EUR   72.160
DDM Debt AB            9.000 4/19/2026   EUR   65.636
Cabonline Group Holdi 13.581 4/19/2026   SEK   67.434
Logicor Financing Sar  2.000 1/17/2034   EUR   72.653
Kingdom of Belgium Go  1.700 6/22/2050   EUR   68.946
Russian Railways Via   7.487 3/25/2031   GBP   67.181
Neoen SA               2.000  6/2/2025   EUR   44.425
Societe Generale SA    4.027 1/21/2043   USD   65.871
BPCE SFH SA            0.010 1/29/2036   EUR   66.860
R-Logitech Finance SA 10.250 9/26/2027   EUR   19.790
Global Fashion Group   1.250 3/15/2028   EUR   74.062
Agps Bondco PLC        5.50011/13/2026   EUR   36.532
Electricite de France  1.00011/29/2033   EUR   75.157
Prosus NV              2.031  8/3/2032   EUR   73.713
Evraz PLC              5.250  4/2/2024   USD   68.119
Bank Gospodarstwa Kra  2.000 11/3/2036   EUR   74.906
Vonovia SE             0.750  9/1/2032   EUR   72.868
BNP Paribas SA         2.000 9/13/2036   GBP   68.776
NIBC Bank NV           3.089             EUR   72.603
AerCap Ireland Capita  3.85010/29/2041   USD   75.328
Vnesheconombank Via V  6.80011/22/2025   USD    6.584
Ukraine Government In  8.994  2/1/2026   USD   29.833
Marginalen Bank Banka 13.061             SEK   45.002
Metinvest BV           8.500 4/23/2026   USD   69.300
K2A Knaust & Andersso 10.043             SEK   45.079
Latvia Government Int  1.375 5/16/2036   EUR   74.480
Mutuelle Assurance De  2.125 6/21/2052   EUR   73.770
SAS AB                 8.755             SEK    1.762
IOG Plc               13.403 9/20/2024   EUR   31.376
Gazprom PJSC via Gaz   3.250 2/25/2030   USD   57.624
Marginalen Bank Banka  9.947 8/28/2029   SEK   55.405
Russian Foreign Bond   7.500 3/31/2030   USD   65.139
Hellenic Republic Gov  2.085 7/25/2057   EUR   29.744
State of North Rhine-  2.150 3/21/2119   EUR   65.326
Schlote Holding GmbH   6.75011/21/2024   EUR   36.598
John Lewis PLC         4.25012/18/2034   GBP   67.074
Royalty Pharma PLC     3.300  9/2/2040   USD   70.694
Kingdom of Belgium Go  2.150 6/22/2066   EUR   72.287
EnBW International Fi  0.500  3/1/2033   EUR   74.795
Codere Finance 2 Luxe 13.62511/30/2027   USD    8.967
EnfraGen Energia Sur   5.37512/30/2030   USD   74.555
Slovenia Government B  0.48810/20/2050   EUR   47.119
VTB Bank OJSC Via VTB  6.95010/17/2022   USD    6.640
Tresu Investment Hold  8.972  1/2/2025   EUR   23.348
Elli Finance UK PLC    8.750 6/15/2019   GBP   43.294
Sweden Government Bon  0.50011/24/2045   SEK   62.850
Agps Bondco PLC        4.625 1/14/2026   EUR   37.722
Turkiye Government Bo 10.40010/13/2032   TRY   52.000
Slovakia Government B  2.00010/17/2047   EUR   69.570
Annington Funding PLC  2.924 10/6/2051   GBP   55.659
NPC Ukrenergo          6.875 11/9/2028   USD   26.286
Alfa Bank AO Via Alfa  5.950 4/15/2030   USD    1.381
Societe Generale SA    4.027 1/21/2043   USD   66.001
Turkiye Government Bo 12.400  3/8/2028   TRY   68.800
Rickmers Holding AG    8.875 6/11/2018   EUR    2.249
BAT International Fin  2.000 3/13/2045   EUR   58.520
MMC Norilsk Nickel OJ  2.550 9/11/2025   USD   74.000
Finland Government Bo  0.125 4/15/2036   EUR   69.640
AstraZeneca PLC        3.000 5/28/2051   USD   70.253
Deutsche Bahn Finance  0.625 12/8/2050   EUR   49.882
La Financiere Atalian  6.625 5/15/2025   GBP   71.827
Altice France SA/Fran  5.125 1/15/2029   USD   72.944
Turkiye Government Bo 10.600 2/11/2026   TRY   68.000
Euroboden GmbH         5.500 10/1/2024   EUR    1.400
Sberbank of Russia Vi  5.12510/29/2022   USD   32.532
Euroboden GmbH         5.50011/18/2025   EUR    1.416
Prosus NV              1.985 7/13/2033   EUR   70.985
Photon Energy NV       6.50011/23/2027   EUR   51.909
NIBC Bank NV           2.850 2/21/2040   EUR   60.371
Altice France Holding  6.000 2/15/2028   USD   40.025
HOCHDORF Holding AG    7.277             CHF   28.802
Nederlandse Gasunie N  0.75010/13/2036   EUR   70.342
Realkredit Danmark A/  1.000 10/1/2050   DKK   74.080
Just Group PLC         5.000             GBP   66.258
Kingdom of Belgium Go  2.250 6/22/2057   EUR   75.600
Deutsche Telekom AG    3.625 1/21/2050   USD   75.176
Ukraine Government Bo  9.790 5/26/2027   UAH   62.648
Shell International F  1.750 9/10/2052   GBP   48.151
Republic of Belarus I  6.200 2/28/2030   USD   33.599
Offentliga Hus I Nord 10.916             SEK   45.027
University of Oxford   2.544 12/8/2117   GBP   50.968
Samhallsbyggnadsbolag  6.849 1/30/2027   SEK   62.787
Kenbourne Invest SA    4.700 1/22/2028   USD   50.850
Siemens Financierings  0.500  9/5/2034   EUR   74.881
Allied Irish Banks PL 12.500 6/25/2035   GBP   55.821
Digital Intrepid Hold  0.625 7/15/2031   EUR   75.245
Selina Hospitality PL  6.000 11/1/2026   USD   10.128
Societe Generale SA    3.625  3/1/2041   USD   63.463
BUPA Finance PLC       4.000             GBP   65.471
Plusplus Capital Fina 11.000 7/29/2026   EUR   46.170
Ireland Government Bo  0.550 4/22/2041   EUR   65.365
Russian Railways Via   1.195  4/3/2028   CHF   50.031
Fastator AB           11.114 9/25/2026   SEK   70.015
PB International BV    7.62512/31/2025   USD   40.015
Chesnara PLC           4.750  8/4/2032   GBP   72.486
VTB Bank PJSC Via VTB  9.500             USD   17.569
WM Morrison Supermark  3.500 7/27/2026   GBP   70.841
Quant AB              10.00211/15/2025   EUR   69.464
Havila Shipping ASA    9.220  1/2/2025   NOK   47.694
Merlin Properties Soc  1.875 12/4/2034   EUR   74.153
BP Capital Markets PL  1.10411/15/2034   EUR   75.270
Lithuania Government   0.500 7/28/2050   EUR   44.459
Nykredit Realkredit A  2.000 10/1/2053   DKK   70.602
Bank Gospodarstwa Kra  2.000 11/3/2036   EUR   74.906
Kreditanstalt fuer Wi  0.875  7/4/2039   EUR   71.990
Verbund AG             0.900  4/1/2041   EUR   66.905
Ilija Batljan Invest   7.32712/15/2024   SEK   22.584
Senvion Holding GmbH   3.87510/25/2022   EUR    0.103
Altarea SCA            1.750 1/16/2030   EUR   73.918
Paul Tech AG           7.000 12/1/2025   EUR   56.773
Russian Foreign Bond   5.625  4/4/2042   USD   66.999
FF Group Finance Luxe  3.250 11/2/2021   CHF    6.637
Diageo Finance PLC     1.250 3/28/2033   GBP   73.390
State Agency of Roads  6.250 6/24/2030   USD   25.480
Gazprom PJSC via Gaz   2.950 1/27/2029   USD   63.109
Bank Gospodarstwa Kra  0.500  7/8/2031   EUR   75.134
UBS Group AG           4.375             USD   74.365
Nykredit Realkredit A  1.000 10/1/2053   DKK   73.136
STERIS Irish FinCo Un  3.750 3/15/2051   USD   72.601
Orpea SA               2.130  7/3/2024   EUR   23.583
Southern Gas Networks  3.100 9/15/2036   GBP   74.794
CK Hutchison Group Te  2.62510/17/2034   GBP   68.691
Gazprom PJSC Via Gaz   4.950  2/6/2028   USD   72.406
Russian Railways Via   4.375  3/1/2024   USD   75.000
Vodafone Group PLC     3.000 8/12/2056   GBP   57.459
Republic of Belarus I  5.875 2/24/2026   USD   34.712
Deutsche Bahn Finance  1.125 5/29/2051   EUR   57.262
Sweden Government Bon  1.375 6/23/2071   SEK   57.232
Russian Foreign Bond   1.12511/20/2027   EUR   39.038
Siemens Financierings  2.875 3/11/2041   USD   73.720
Thermo Fisher Scienti  2.00010/18/2051   EUR   64.388
Tinkoff Bank JSC Via  11.002             USD   55.000
Novo Banco SA/Luxembo  3.500  1/2/2043   EUR   72.833
Samhallsbyggnadsbolag  3.000  4/3/2040   EUR   46.767
Kenbourne Invest SA    6.87511/26/2024   USD   70.106
Thames Water Utilitie  1.250 1/31/2032   EUR   73.146
Finland Government Bo  1.375 4/15/2047   EUR   71.007
State of North Rhine-  1.450 1/19/2122   EUR   46.448
Royalty Pharma PLC     3.350  9/2/2051   USD   62.990
UBS Group AG           3.179 2/11/2043   USD   69.129
Scandinavian Airlines  0.625             CHF    2.524
Barclays PLC           3.33011/24/2042   USD   69.413
Holcim Finance Luxemb  0.625 1/19/2033   EUR   74.562
Vonovia Finance BV     1.125 9/14/2034   EUR   70.966
GTLK Europe Capital D  5.950 4/17/2025   USD   28.306
Bank Gospodarstwa Kra  2.37511/27/2040   PLN   62.840
Nykredit Realkredit A  1.500 10/1/2053   DKK   72.690
Shell International F  3.250  4/6/2050   USD   71.648
Cellnex Finance Co SA  3.875  7/7/2041   USD   72.811
BNP Paribas SA         2.824 1/26/2041   USD   65.164
Russian Federal Bond   7.250 5/10/2034   RUB   74.396
Nykredit Realkredit A  1.000 10/1/2053   DKK   68.237
Bank Gospodarstwa Kra  2.000 11/3/2036   EUR   74.906
Vonovia Finance BV     1.625 10/7/2039   EUR   64.671
Mitsubishi UFJ Invest  8.21512/30/2099   EUR    2.966
Republic of Poland Go  2.000  3/8/2049   EUR   64.905
Severstal OAO Via Ste  3.150 9/16/2024   USD    5.488
Prs Finance PLC        1.500 8/24/2034   GBP   72.815
Gecina SA              0.875 6/30/2036   EUR   69.564
Russian Foreign Bond   2.650 5/27/2036   EUR   34.338
Vonovia SE             1.000 6/16/2033   EUR   72.892
Credit Bank of Moscow  3.875 9/21/2026   USD   36.555
State of North Rhine-  1.375 1/15/2120   EUR   46.355
Novo Banco SA/Luxembo  3.500 3/18/2043   EUR   71.927
British Telecommunica  3.62511/21/2047   GBP   70.763
Ekosem-Agrar AG        2.500 7/31/2029   EUR   13.224
Becton Dickinson Euro  1.336 8/13/2041   EUR   62.954
Credit Bank of Moscow  3.100 1/21/2026   EUR   22.702
State of North Rhine-  1.950 9/26/2078   EUR   63.788
Air Berlin PLC         6.750  5/9/2019   EUR    0.354
Turkiye Government Bo 11.000 2/24/2027   TRY   63.500
BNP Paribas SA         2.824 1/26/2041   USD   64.802
ABH Financial Ltd Via  2.875 11/9/2022   CHF #N/A N/A
Air Berlin PLC         8.250 4/19/2018   EUR    0.385
Wellcome Trust Ltd/Th  1.500 7/14/2071   GBP   38.495
Sanctuary Capital PLC  2.375 4/14/2050   GBP   56.550
Utmost Group PLC       4.00012/15/2031   GBP   72.672
BAE Systems PLC        3.000 9/15/2050   USD   65.995
Southern Housing       3.50010/19/2047   GBP   68.635
Enel Finance Internat  0.875 6/17/2036   EUR   68.126
Republic of Ireland I  1.425 9/18/2119   EUR   48.584
Southern Housing       2.375 10/8/2036   GBP   69.724
Mallinckrodt Internat 10.000 4/15/2025   USD    7.000
Beyond Housing Ltd     2.125 5/17/2051   GBP   53.431
Vodafone Group PLC     3.375  8/8/2049   GBP   65.698
Agri Resources Group   8.000 3/17/2026   EUR   12.685
LEG Immobilien SE      1.00011/19/2032   EUR   73.653
CM.com NV              2.000  9/9/2026   EUR   64.129
Sberbank of Russia Vi  5.250 5/23/2023   USD   33.078
esure Group PLC        6.000             GBP   69.781
Unigel Luxembourg SA   8.750 10/1/2026   USD   33.250
Ekosem-Agrar AG        2.500 12/7/2027   EUR   11.130
Ukraine Railways Via   7.875 7/15/2028   USD   48.318
OGX Austria GmbH       8.375  4/1/2022   USD    0.016
Thames Water Utilitie  2.375 4/22/2040   GBP   57.767
UBS Group AG           0.625 2/24/2033   EUR   73.693
Eni SpA                1.00010/11/2034   EUR   74.084
Telefonica Emisiones   1.957  7/1/2039   EUR   75.368
UNEDIC ASSEO           0.500 5/25/2036   EUR   71.643
Abengoa Abenewco 2 SA  1.50010/26/2024   USD    1.150
Hungary Government Bo  2.250 6/22/2034   HUF   68.784
Cadent Finance PLC     2.750 9/22/2046   GBP   60.130
Wales & West Utilitie  3.000  8/3/2038   GBP   72.647
Gazprom PJSC via Gaz   1.85011/17/2028   EUR   59.378
Gazprom PJSC via Gaz   3.500 7/14/2031   USD   60.043
Thomas Cook Finance 2  3.875 7/15/2023   EUR    0.804
TotalEnergies Capital  3.386 6/29/2060   USD   69.687
Credit Bank of Moscow  5.150 2/20/2024   EUR   30.966
Lithuania Government   1.625 6/19/2049   EUR   61.691
ALROSA Finance SA      4.650  4/9/2024   USD   10.077
ING Bank NV            1.000 2/17/2037   EUR   74.854
Snam SpA               1.000 9/12/2034   EUR   73.911
Saxa Gres Spa          7.000  8/4/2027   EUR    4.471
UNEDIC ASSEO           0.250 7/16/2035   EUR   72.031
Deutsche Bahn Finance  0.625 4/15/2036   EUR   71.124
Tinkoff Bank JSC Via   6.000             USD   48.733
Medtronic Global Hold  1.750  7/2/2049   EUR   63.286
WPP Finance 2013       2.875 9/14/2046   GBP   59.742
Aroundtown SA          3.640 9/20/2030   EUR   70.346
OGX Austria GmbH       8.500  6/1/2018   USD    0.019
BUPA Finance PLC       4.125 6/14/2035   GBP   75.206
Andorra International  1.70010/13/2041   EUR   65.008
WM Morrison Supermark  4.750  7/4/2029   GBP   62.765
Siemens Financierings  3.300 9/15/2046   USD   73.817
Abengoa Abenewco 2 Bi  1.500 4/26/2024   EUR    0.498
Gazprom PJSC Via Gaz   4.364 3/21/2025   EUR   70.000
Grounds Real Estate D  6.000 2/18/2024   EUR   59.040
ALROSA Finance SA      3.100 6/25/2027   USD    8.584
Deutsche Telekom AG    1.750 12/9/2049   EUR   71.362
Novolipetsk Steel Via  1.450  6/2/2026   EUR   68.784
Medtronic Global Hold  1.500  7/2/2039   EUR   71.142
Deutsche Bahn Finance  1.85011/23/2043   EUR   69.506
GTLK Europe Capital D  4.349 2/27/2029   USD   21.629
British Telecommunica  4.250 11/8/2049   USD   76.365
Deutsche Bahn Finance  1.375 4/16/2040   EUR   72.484
State of North Rhine-  1.750 7/11/2068   EUR   62.240
Investor AB            1.500 6/20/2039   EUR   71.805
Societe Generale SA    3.625  3/1/2041   USD   63.877
Linde PLC              1.000 9/30/2051   EUR   54.163
Bank Gospodarstwa Kra  2.250 7/21/2033   PLN   74.427
BPCE SA                3.58210/19/2042   USD   66.551
ERWE Immobilien AG     7.50012/10/2023   EUR   23.051
Social Chain AG /The   5.750  4/7/2024   EUR    0.131
Altice France SA/Fran  5.125 7/15/2029   USD   71.896
Nykredit Realkredit A  1.000 10/1/2053   DKK   58.970
GTLK Europe DAC        5.125 5/31/2024   USD   35.411
Nykredit Realkredit A  1.500 10/1/2053   DKK   63.833
Affordable Housing Fi  2.893 8/11/2043   GBP   74.387
Engie SA               1.00010/26/2036   EUR   70.205
Amprion GmbH           0.625 9/23/2033   EUR   74.601
Vonovia Finance BV     1.000 1/28/2041   EUR   55.584
Nordea Kredit Realkre  1.000 10/1/2050   DKK   74.231
Yorkshire Water Finan  2.750 4/18/2041   GBP   63.809
Abengoa Abenewco 2 SA  1.50010/26/2024   USD    0.009
UNEDIC ASSEO           0.100 5/25/2034   EUR   73.509
Metinvest BV           7.650 10/1/2027   USD   63.478
Air Berlin PLC         5.625  5/9/2019   CHF    0.139
Anchor Hanover Group   2.000 7/21/2051   GBP   51.402
Republic of Poland Go  2.00010/25/2046   EUR   68.408
CNP Assurances SACA    1.87510/12/2053   EUR   75.120
Codere Finance 2 Luxe 13.62511/30/2027   USD    8.967
JAB Holdings BV        3.750 5/28/2051   USD   64.136
BNG Bank NV            0.805 6/28/2049   EUR   54.422
Fastator AB           10.618 9/24/2027   SEK   55.005
Shell International F  2.87511/26/2041   USD   72.536
Lendlease Europe Fina  3.500 12/2/2033   GBP   68.733
VTB Bank OJSC Via VTB  4.07310/24/2024   CHF   16.000
Vnesheconombank Via V  6.025  7/5/2022   USD    6.363
Borets Finance DAC     6.000 9/17/2026   USD   49.235
Southern Gas Networks  1.250 12/2/2031   GBP   72.682
Lehman Brothers UK Ca  5.125             EUR   32.757
GTLK Europe Capital D  4.650 3/10/2027   USD   22.704
Ukreximbank Via Biz F  9.95011/14/2029   USD   70.000
Trinseo Materials Ope  5.125  4/1/2029   USD   38.424
Russian Federal Bond   7.700 3/16/2039   RUB   72.334
Orbit Capital PLC      2.00011/24/2038   GBP   63.570
LEG Immobilien SE      1.500 1/17/2034   EUR   74.219
Flagship Finance PLC   1.875 7/14/2061   GBP   46.321
Becton Dickinson Euro  1.213 2/12/2036   EUR   72.902
BP Capital Markets BV  1.467 9/21/2041   EUR   65.541
Kreditanstalt fuer Wi  0.050 9/29/2034   EUR   73.054
Jyske Realkredit A/S   1.000 10/1/2050   DKK   74.061
Aroundtown SA          3.625 4/10/2031   GBP   67.239
RL Finance Bonds NO 4  4.875 10/7/2049   GBP   74.703
Nestle Finance Intern  0.875 6/14/2041   EUR   67.125
Intu Debenture PLC     5.56212/31/2027   GBP   39.779
Altice France SA/Fran  5.50010/15/2029   USD   72.478
Marston's Issuer PLC   7.890 7/16/2035   GBP   74.337
Turkiye Government Bo  8.000 3/12/2025   TRY   73.000
BNP Paribas SA         1.250 7/13/2031   GBP   74.009
Slovenia Government B  1.175 2/13/2062   EUR   55.162
Uliving@essex3 LLP     2.720 8/31/2066   GBP   49.490
MMK International Cap  4.375 6/13/2024   USD   27.957
Lloyds Banking Group   3.36912/14/2046   USD   64.571
Intesa Sanpaolo SpA    2.625 3/11/2036   GBP   68.103
Aberdeen City Council  0.100 2/28/2054   GBP   70.665
Paragon Treasury Plc   3.625 1/21/2047   GBP   71.011
Phosagro OAO Via Phos  2.600 9/16/2028   USD   66.488
Russian Agricultural   8.50010/16/2023   USD   26.042
Latvia Government Int  1.875 2/19/2049   EUR   67.378
BNP Paribas SA         4.500             USD   73.620
Bakkegruppen AS       11.730  2/3/2025   NOK   51.557
Bayerische Landesbank  0.620 5/14/2031   EUR   75.290
Credit Bank of Moscow  8.875             USD   20.000
European TopSoho Sarl  4.000 9/21/2021   EUR   52.875
Market Parent Finco P  6.750 10/1/2029   GBP   68.072
DXC Capital Funding D  0.950 9/15/2031   EUR   74.968
VK IPJSC               1.625 10/1/2025   USD   47.000
Tele Columbus AG       3.875  5/2/2025   EUR   63.499
Northern Powergrid No  1.875 6/16/2062   GBP   45.974
Nykredit Realkredit A  0.500 10/1/2053   DKK   67.922
Barclays PLC           3.811 3/10/2042   USD   69.987
Enel Finance Internat  1.12510/17/2034   EUR   74.042
Cyprus Government Int  1.250 1/21/2040   EUR   67.180
Manchester Airport Gr  2.875 9/30/2044   GBP   64.678
TotalEnergies Capital  3.461 7/12/2049   USD   74.338
Societe Nationale SNC  0.875 2/28/2051   EUR   47.339
TotalEnergies Capital  2.986 6/29/2041   USD   73.939
United Utilities Wate  2.000  7/3/2033   GBP   74.906
Republic of Croatia F  1.00011/27/2034   EUR   74.775
GTLK Europe Capital D  4.800 2/26/2028   USD   22.592
National Grid PLC      0.750  9/1/2033   EUR   73.215
Accent Capital PLC     2.625 7/18/2049   GBP   61.466
University College Lo  1.625  6/4/2061   GBP   46.181
Rallye SA              3.400 2/28/2032   EUR    0.067
Richemont Internation  1.625 5/26/2040   EUR   74.780
publity AG             5.500 6/19/2025   EUR   57.055
Jyske Realkredit A/S   1.000 10/1/2050   DKK   69.736
City of Lausanne Swit  0.050 9/28/2054   CHF   65.024
BP Capital Markets BV  0.933 12/4/2040   EUR   61.390
Unibail-Rodamco-Westf  1.750  7/1/2049   EUR   58.037
Atento Luxco 1 SA      8.000 2/10/2026   USD    0.001
Aroundtown SA          4.750 3/27/2032   USD   67.451
Nordea Kredit Realkre  1.000 10/1/2050   DKK   69.845
DZ Bank AG Deutsche Z  4.97211/24/2031   EUR   58.395
LEG Immobilien SE      1.62511/28/2034   EUR   72.159
Holcim Sterling Finan  2.250  4/4/2034   GBP   72.095
Magnolia Bostad AB    11.876 5/19/2026   SEK   66.000
Annington Funding PLC  3.935 7/12/2047   GBP   70.900
Nationwide Building S  0.500  5/5/2041   EUR   61.436
AstraZeneca PLC        2.125  8/6/2050   USD   58.546
VEON Holdings BV       3.37511/25/2027   USD   72.446
Tritax Big Box REIT P  1.50011/27/2033   GBP   67.902
Altice France Holding 10.500 5/15/2027   USD   52.878
Nykredit Realkredit A  1.500 10/1/2050   DKK   74.912
FF Group Finance Luxe  1.750  7/3/2019   EUR    5.729
Shell International F  0.875 11/8/2039   EUR   64.661
Lukoil Securities BV   3.875  5/6/2030   USD   72.461
Enel Finance Internat  1.250 1/17/2035   EUR   75.411
Wellcome Trust Ltd/Th  2.517  2/7/2118   GBP   51.109
Muenchener Hypotheken  0.010 11/2/2040   EUR   57.076
Espirito Santo Financ  9.75012/19/2025   EUR    0.562
Nederlandse Waterscha  0.500 4/26/2051   EUR   48.409
Croatia Government Bo  1.250  3/3/2040   EUR   66.437
A2A SpA                1.000 11/2/2033   EUR   73.747
Orange SA              1.375  9/4/2049   EUR   66.132
Northern Powergrid No  3.250  4/1/2052   GBP   68.056
Clarion Funding PLC    3.125 4/19/2048   GBP   65.539
Sibur Securities DAC   2.950  7/8/2025   USD   65.515
Cadent Finance PLC     2.625 9/22/2038   GBP   67.082
Credit Bank of Moscow  4.700 1/29/2025   USD   35.110
Deutsche Bahn Finance  0.875 6/23/2039   EUR   68.476
Caixa Economica Monte  6.679             EUR   75.000
Travelex Financing PL  8.000 5/15/2022   EUR    0.161
Credit Agricole SA     2.811 1/11/2041   USD   64.441
Telefonica Emisiones   1.864 7/13/2040   EUR   72.916
Cullinan Holdco Scsp   4.62510/15/2026   EUR   74.898
Ministeries Van de Vl  0.12510/15/2035   EUR   68.426
Ville de Paris         0.45010/20/2045   EUR   52.418
Heineken NV            1.750  5/7/2040   EUR   75.571
Suek Securities DAC    3.375 9/15/2026   USD   70.507
Societe Du Grand Pari  0.70010/15/2060   EUR   37.777
Commune de Marseille   0.50912/17/2041   EUR   58.456
Hacienda Investments   5.350  2/8/2028   USD   57.361
ABN AMRO Bank NV       1.125 4/23/2039   EUR   71.587
Republic of Belarus I  6.875 2/28/2023   USD   38.230
Yuksel Insaat AS       9.50011/10/2015   USD    0.492
GTLK Europe Capital D  4.949 2/18/2026   USD   19.136
Alno AG                8.000 3/21/2019   EUR   16.300
LSEGA Financing PLC    3.200  4/6/2041   USD   73.383
Cadent Finance PLC     3.125 3/21/2040   GBP   70.480
Lloyds Banking Group   4.344  1/9/2048   USD   73.560
Holcim Finance Luxemb  1.375 10/8/2036   EUR   65.873
Engie SA               1.25010/24/2041   EUR   62.254
EWE AG                 0.37510/22/2032   EUR   74.208
Societe Du Grand Pari  0.300  9/2/2036   EUR   67.225
Severn Trent Utilitie  2.000  6/2/2040   GBP   60.822
Orpea SA               2.20012/15/2024   EUR   22.901
NRW Bank               0.100  7/9/2035   EUR   70.622
University of Liverpo  3.375 6/25/2055   GBP   71.801
Wales & West Utilitie  1.875 5/28/2041   GBP   57.994
National Gas Transmis  1.125 1/14/2033   GBP   68.232
Intesa Sanpaolo SpA    4.700 9/23/2049   USD   65.224
Intesa Sanpaolo SpA    4.375 1/12/2048   USD   66.577
Landwirtschaftliche R  0.62510/31/2036   EUR   73.738
Realkredit Danmark A/  1.000 10/1/2053   DKK   58.871
Latvia Government Int  2.250 2/15/2047   EUR   72.711
Finland Government Bo  0.250 9/15/2040   EUR   62.271
Avangardco Investment 10.00010/29/2018   USD    0.109
Segro Capital Sarl     0.500 9/22/2031   EUR   74.821
Hera SpA               1.000 4/25/2034   EUR   74.797
Saltaire Finance PLC   1.52711/23/2051   GBP   47.980
Cardea Europe AG       7.250 12/8/2023   EUR    1.900
Lukoil Capital DAC     3.60010/26/2031   USD   72.000
Dexia Credit Local SA  5.732             EUR    2.235
Credit Bank of Moscow  7.625             USD   25.456
Finland Government Bo  0.500 4/15/2043   EUR   61.259
Solocal Group         10.845 3/15/2025   EUR   19.903
Barclays Bank PLC     12.000 9/24/2025   TRY   68.040
Rallye SA              3.250 2/28/2032   CHF    0.125
Segro PLC              2.87510/11/2037   GBP   73.938
Nestle Finance Intern  0.375 12/3/2040   EUR   62.061
Thermo Fisher Scienti  1.62510/18/2041   EUR   69.941
Grand City Properties  2.00010/25/2032   EUR   64.206
Gol Finance SA         8.000 6/30/2026   USD   42.288
Alfa Bank AO Via Alfa  5.900             USD    9.146
Engie SA               1.375 6/21/2039   EUR   67.872
Derwent London PLC     1.87511/17/2031   GBP   74.559
Nederlandse Waterscha  0.375 9/28/2046   EUR   52.822
Vedanta Resources Fin  8.950 3/11/2025   USD   71.878
Lehman Brothers UK Ca  5.750             EUR    7.000
United Utilities Wate  1.750 2/10/2038   GBP   63.306
Banco Espirito Santo   6.610             EUR    1.325
Nitrogenmuvek Vegyipa  7.000 5/14/2025   EUR   63.863
Lithuania Government   0.750 7/15/2051   EUR   46.824
Hacienda Investments   5.075 2/15/2023   USD   23.137
ABN AMRO Bank NV       0.625 1/24/2037   EUR   70.836
Bulgaria Government B  0.100 8/17/2031   BGN   71.604
Peabody Capital No 2   3.250 9/14/2048   GBP   66.828
Polyus Finance PLC     3.25010/14/2028   USD   60.615
Societe Nationale SNC  1.000 5/25/2040   EUR   65.916
Heimstaden Bostad AB   2.800  5/4/2035   EUR   52.840
Allergan Funding SCS   4.750 3/15/2045   USD   73.593
Saltaire Finance PLC   2.711  5/9/2052   GBP   64.967
Royalty Pharma PLC     3.550  9/2/2050   USD   66.162
Pandion AG             5.500  2/5/2026   EUR   72.661
Shell International F  3.125 11/7/2049   USD   69.436
Martlet Homes Ltd      3.000  5/9/2052   GBP   65.145
JAB Holdings BV        4.500  4/8/2052   USD   73.983
Catena Media PLC      12.065             SEK   71.135
Eversholt Funding PLC  3.529  8/7/2042   GBP   74.093
CPI Property Group SA  2.696 3/21/2027   EUR   74.530
Volkswagen Internatio  1.500 1/21/2041   EUR   66.495
Espirito Santo Financ  6.87510/21/2019   EUR    0.136
GlaxoSmithKline Capit  1.625 5/12/2035   GBP   71.116
DSV Finance BV         0.875 9/17/2036   EUR   70.342
Kommunekredit          0.010  5/4/2034   EUR   73.082
Clarion Funding PLC    1.875 1/22/2035   GBP   69.662
TotalEnergies Capital  1.618 5/18/2040   EUR   73.589
Saderea DAC           12.50011/30/2026   USD   41.771
State of Schleswig-Ho  0.200 8/15/2039   EUR   62.949
Paragon Treasury Plc   2.000  5/7/2036   GBP   66.987
Medtronic Global Hold  1.62510/15/2050   EUR   60.970
Genfit SA              3.50010/16/2025   EUR   25.108
Scottish Hydro Electr  2.250 9/27/2035   GBP   72.777
Medtronic Global Hold  1.37510/15/2040   EUR   67.825
BAWAG PSK Bank fuer A  0.375 3/25/2041   EUR   59.510
Nordea Kredit Realkre  1.000 10/1/2053   DKK   73.405
Chancellor Masters &   2.350 6/27/2078   GBP   55.815
European Financial St  1.375 5/31/2047   EUR   68.514
Prologis Internationa  0.750 3/23/2033   EUR   72.787
Italgas SpA            0.500 2/16/2033   EUR   73.522
European Financial St  2.000 2/28/2056   EUR   72.681
Sovereign Housing Cap  2.375 11/4/2048   GBP   57.542
Sovcombank Via SovCom  7.600             USD    4.036
Alno AG                8.500 5/14/2018   EUR   15.628
Banco Espirito Santo   7.12511/28/2023   EUR    0.397
A2A SpA                0.62510/28/2032   EUR   74.120
Syngenta Finance NV    4.375 3/28/2042   USD   69.810
Realkredit Danmark A/  2.000 10/1/2053   DKK   70.604
Deutsche Bahn Finance  0.750 7/16/2035   EUR   73.693
Russian Federal Bond   6.100 7/18/2035   RUB   65.553
Nationale-Nederlanden  0.05011/12/2040   EUR   58.195
Credit Bank of Moscow  7.500 10/5/2027   USD   21.675
EYEMAXX Real Estate A  5.500 4/26/2023   EUR    1.313
DH Europe Finance II   1.800 9/18/2049   EUR   66.286
AOC I Die Stadtentwic  7.500  4/8/2027   EUR   50.241
London & Quadrant Hou  3.125 2/28/2053   GBP   63.247
City of Bern Switzerl  0.040 10/2/2070   CHF   57.273
European Financial St  1.800 7/10/2048   EUR   73.595
LEG Immobilien SE      0.875 3/30/2033   EUR   72.116
Alfa Bank AO Via Alfa  6.950             USD    8.466
Land Baden-Wuerttembe  0.12511/19/2040   EUR   59.498
Investor AB            0.37510/29/2035   EUR   68.939
Region Occitanie       0.72711/16/2037   EUR   69.523
State of North Rhine-  1.550 6/16/2048   EUR   69.674
Debenhams PLC          5.250 7/15/2021   GBP    0.529
Platform HG Financing  1.926 9/15/2041   GBP   61.842
National Grid Electri  2.000 4/17/2040   GBP   60.518
Guinness Partnership   2.000 4/22/2055   GBP   47.725
Yorkshire Water Finan  1.75010/27/2032   GBP   71.191
Region de Bruxelles-C  1.121 5/11/2071   EUR   41.530
Thames Water Utilitie  4.625  6/4/2046   GBP   75.060
Mondelez Internationa  1.250  9/9/2041   EUR   66.196
Luzerner Kantonalbank  0.16012/23/2043   CHF   75.630
JSM Global Sarl        4.75010/20/2030   USD   13.300
Braskem Netherlands F  5.875 1/31/2050   USD   70.935
Orbit Capital PLC      3.500 3/24/2045   GBP   72.171
Virgolino de Oliveira 10.500 1/28/2018   USD    0.172
Equinor ASA            3.25011/18/2049   USD   71.588
Metalloinvest Finance  3.37510/22/2028   USD   54.898
Siemens Financierings  2.875 3/11/2041   USD   72.983
BNG Bank NV            0.25011/22/2036   EUR   68.459
Church Commissioners   3.625 7/14/2052   GBP   75.274
Deutsche Bank AG       4.50011/27/2030   TRY   30.553
Vnesheconombank Via V  6.80011/22/2025   USD    6.584
Land Berlin            0.125  6/4/2035   EUR   71.636
ESFIL-Espirito Santo   5.250 6/12/2015   EUR    0.149
Realkredit Danmark A/  1.500 10/1/2053   DKK   72.689
BPCE SFH SA            0.500 1/23/2035   EUR   73.826
Rallye SA              5.250 2/28/2032   EUR    0.067
Immigon Portfolioabba 10.138             EUR   17.146
Deutsche Konsum REIT-  1.350 1/30/2025   EUR   70.678
State of North Rhine-  0.500 1/15/2052   EUR   47.714
Deutsche Wohnen SE     1.300  4/7/2041   EUR   61.142
City of Lugano Switze  0.15011/28/2070   CHF   56.727
NRW Bank               1.250 3/21/2044   EUR   68.579
MMC Norilsk Nickel OJ  3.37510/28/2024   USD   71.500
Berner Kantonalbank A  0.100 9/30/2039   CHF   75.736
Realkredit Danmark A/  1.000 10/1/2050   DKK   69.753
Thames Water Utilitie  1.760 8/28/2062   GBP   58.187
Parnassia Groep BV     1.200 12/1/2051   EUR   69.220
SCF Capital Designate  3.850 4/26/2028   USD   65.723
Societe Du Grand Pari  1.000 2/18/2070   EUR   39.227
Privatbank CJSC Via U 10.250 1/23/2018   USD    0.626
Pro-Gest SpA           3.25012/15/2024   EUR   53.905
Karlou BV              7.750 6/18/2024   USD   11.529
adidas AG              0.625 9/10/2035   EUR   73.384
UkrLandFarming PLC    10.875 3/26/2018   USD    2.398
European Financial St  1.200 2/17/2045   EUR   68.031
Luzerner Kantonalbank  0.150 10/7/2044   CHF   74.501
BNP Paribas SA         0.500 9/29/2029   AUD   70.518
East Slope Residencie  0.100 2/28/2062   GBP   59.982
Alitalia-Societa Aere  5.250 7/30/2020   EUR    0.050
Societe Du Grand Pari  1.625  4/8/2042   EUR   72.034
La Poste SA            0.625 1/18/2036   EUR   70.212
InterCement Financial  5.750 7/17/2024   USD   67.238
CCEP Finance Ireland   1.500  5/6/2041   EUR   69.366
Bulgaria Government B  1.500 6/21/2039   BGN   54.878
Realkredit Danmark A/  1.000 10/1/2053   DKK   73.227
CPI Hungary Investmen  2.250  8/7/2030   HUF   59.000
Prosus NV              3.832  2/8/2051   USD   60.044
Ilija Batljan Invest  10.827             SEK    3.400
Perrigo Co PLC         5.30011/15/2043   USD   71.495
TMK OAO Via TMK Capit  4.300 2/12/2027   USD   65.106
Offshore Drilling Hol  8.375 9/20/2020   USD    1.250
Muenchener Hypotheken  0.250  5/2/2036   EUR   69.560
Atos SE                1.125 4/17/2026   EUR   55.016
Bourbon Corp SA       11.652             EUR    0.904
Communaute Francaise   0.625 6/11/2035   EUR   72.623
RTE Reseau de Transpo  1.125  9/9/2049   EUR   59.481
National Grid Electri  1.625 10/7/2035   GBP   66.032
Veganz Group AG        7.500 2/24/2025   EUR   74.440
Agence Francaise de D  0.375 5/25/2036   EUR   68.804
Argenta Spaarbank NV   0.500 10/8/2041   EUR   60.149
Orbit Capital PLC      3.375 6/14/2048   GBP   68.847
Hexagon Housing Assoc  3.625 4/22/2048   GBP   68.103
National Grid Electri  2.000 9/16/2038   GBP   63.074
Blend Funding PLC      3.459 9/21/2047   GBP   72.435
B2W Digital Lux Sarl   4.37512/20/2030   USD   14.000
Saleza AS              9.000 7/12/2021   EUR    0.203
TBI Bank EAD           5.250 7/30/2031   EUR   52.028
NPC Ukrenergo          6.875 11/9/2028   USD   26.233
Banca Popolare di Vic  2.82112/20/2017   EUR    0.396
Transcapitalbank JSC  10.000             USD    1.130
Manchester Airport Gr  2.875 3/31/2039   GBP   70.871
EYEMAXX Real Estate A  5.500 9/24/2024   EUR    1.354
Interpipe Holdings PL  8.375 5/13/2026   USD   73.414
Barclays Bank PLC      2.700  6/1/2032   USD   76.565
Muenchener Hypotheken  0.01010/19/2039   EUR   59.117
Virgolino de Oliveira 11.750  2/9/2022   USD    0.425
VTR Finance NV         6.375 7/15/2028   USD   17.266
Jyske Realkredit A/S   1.500 10/1/2053   DKK   72.705
UK Municipal Bonds Ag  1.625 8/26/2060   GBP   39.373
Assura Financing PLC   1.625 6/30/2033   GBP   70.021
Region Wallonne Belgi  0.500 6/22/2037   EUR   66.942
National Grid Electri  0.87211/26/2040   EUR   61.435
SCF Capital Designate  5.375 6/16/2023   USD   73.041
Herens Midco Sarl      5.250 5/15/2029   EUR   57.325
Platform HG Financing  1.625 8/10/2055   GBP   43.887
BNG Bank NV            0.125  7/9/2035   EUR   70.883
Lehman Brothers UK Ca  3.875             EUR   32.757
Alfa Bank AO Via Alfa  5.50010/26/2031   USD    0.618
EIG Pearl Holdings Sa  4.38711/30/2046   USD   74.716
Junta de Castilla y L  1.275  4/7/2049   EUR   54.156
Motability Operations  2.125 1/18/2042   GBP   63.180
SNCF Reseau            2.000  2/5/2048   EUR   69.857
Telenor ASA            0.875 2/14/2035   EUR   74.888
DWR Cymru Financing U  1.375 3/31/2033   GBP   71.641
Orpea SA               2.56411/30/2027   EUR   23.502
Nederlandse Waterscha  0.125  9/3/2035   EUR   70.433
ABN AMRO Bank NV       0.400 9/17/2041   EUR   58.988
Sovcombank Via SovCom  7.750             USD    1.301
KTG Agrar SE           7.125  6/6/2017   EUR    0.515
Ministeries Van de Vl  1.000 1/23/2051   EUR   53.965
PIK Securities DAC     5.62511/19/2026   USD   47.369
South Eastern Power N  1.750 9/30/2034   GBP   70.789
Affinity Water Financ  3.278 8/22/2042   GBP   66.424
Chancellor Masters &   0.250 6/27/2068   GBP   54.750
Ukraine Government In  7.750  8/1/2041   USD   43.903
Societe Nationale SNC  1.000 1/19/2061   EUR   40.470
Ukraine Government Bo 12.520 5/13/2026   UAH   73.826
DH Europe Finance II   1.350 9/18/2039   EUR   70.722
Jigsaw Funding PLC     3.375  5/5/2052   GBP   70.775
Petrobras Global Fina  4.500  2/4/2033   EUR   62.483
Nostrum Oil & Gas Fin  5.000 6/30/2026   USD   69.150
Anglo American Capita  3.950 9/10/2050   USD   72.778
Nordea Kredit Realkre  0.500 10/1/2050   DKK   70.030
Autonomous Community   1.850 5/13/2061   EUR   53.103
Espirito Santo Financ  3.125 12/2/2018   EUR    0.215
WD Invest Sarl         1.900 10/2/2024   EUR   12.724
SABIC Capital I BV     3.000 9/14/2050   USD   64.968
Veneto Banca SpA       9.878 12/1/2025   EUR    0.635
SES SA                 5.300  4/4/2043   USD   70.524
Cooperatieve Rabobank  0.50010/29/2027   MXN   66.770
Credit Bank of Moscow  5.550 2/14/2023   USD   23.584
Nederlandse Waterscha  1.900 1/31/2035   AUD   68.323
DH Europe Finance II   3.40011/15/2049   USD   73.529
Hellas Telecommunicat  6.054 1/15/2015   USD    0.016
Motability Operations  2.375  7/3/2039   GBP   69.384
JAB Holdings BV        2.25012/19/2039   EUR   72.322
Steilmann SE           7.000 9/23/2018   EUR    1.429
Land Securities Capit  2.750 9/22/2059   GBP   57.374
Landesbank Hessen-Thu  0.500 1/19/2037   EUR   70.143
Samhallsbyggnadsbolag  6.400 8/27/2025   NOK   71.190
Credit Agricole SA     2.811 1/11/2041   USD   64.922
Russian Foreign Bond   5.875 9/16/2043   USD   62.539
Cardiff University     3.000 12/7/2055   GBP   66.356
Nordea Kredit Realkre  1.500 10/1/2053   DKK   63.844
Realkredit Danmark A/  1.000 10/1/2053   DKK   68.238
Jyske Realkredit A/S   2.000 10/1/2053   DKK   70.613
Heimstaden Bostad AB   2.800  5/4/2035   EUR   52.682
TotalEnergies Capital  1.535 5/31/2039   EUR   74.647
Annington Funding PLC  2.308 10/6/2032   GBP   73.472
Region Wallonne Belgi  1.050 6/22/2040   EUR   66.479
Home Credit & Finance  8.800             USD    5.354
Nykredit Realkredit A  0.500 10/1/2050   DKK   64.815
Prologis Internationa  3.000 2/22/2042   GBP   68.725
Euronext NV            1.500 5/17/2041   EUR   70.335
Zurich Finance Irelan  2.250 12/8/2031   USD   73.690
National Gas Transmis  1.625 1/14/2043   GBP   51.522
Banca Popolare di Vic  9.500 9/29/2025   EUR    0.380
Kommunekredit          0.125 9/26/2040   EUR   59.851
Kuntarahoitus Oyj      0.050 9/10/2035   EUR   70.272
Nykredit Realkredit A  0.500 10/1/2050   DKK   70.013
Nordea Kredit Realkre  1.500 10/1/2053   DKK   72.693
Dexia SA               5.752             EUR    2.750
Paper Industries Inte  9.975  3/1/2025   EUR   71.845
Hyde Housing Associat  1.750 8/18/2055   GBP   44.924
Cie de Financement Fo  0.60010/25/2041   EUR   62.093
Altice France SA/Fran  4.25010/15/2029   EUR   71.888
Swan Housing Capital   3.625  3/5/2048   GBP   71.443
Zurcher Kantonalbank  10.00010/25/2024   CHF   70.480
Chelyabinsk Pipe Plan  4.500 9/19/2024   USD   60.728
Bromford Housing Grou  3.125  5/3/2048   GBP   68.379
European Financial St  0.050 1/18/2052   EUR   40.087
Societe Du Grand Pari  0.875 5/10/2046   EUR   55.917
Russian Foreign Bond   4.250 6/23/2027   USD   52.923
DWR Cymru Financing U  2.375 3/31/2034   GBP   70.179
Housing & Care 21      3.288 11/8/2049   GBP   67.555
Nykredit Realkredit A  0.500 10/1/2053   DKK   62.664
State of North Rhine-  0.600  6/4/2041   EUR   63.861
Nostrum Oil & Gas Fin  7.000 2/16/2025   USD   24.315
State of Bremen        0.150 9/14/2040   EUR   59.497
Metropolitan Housing   1.875 7/28/2036   GBP   66.635
State of Bremen        0.400 8/20/2049   EUR   48.642
3i Group PLC           3.750  6/5/2040   GBP   73.885
Raiffeisen-Landesbank  0.500 5/27/2041   EUR   60.340
Nordea Kredit Realkre  2.000 10/1/2053   DKK   70.602
State of North Rhine-  0.200 1/27/2051   EUR   43.444
Sovcombank Via SovCom  3.400 1/26/2025   USD    3.095
Societe Generale SA   13.500 8/23/2024   USD   49.700
Societa di Progetto B  3.37512/31/2038   EUR   73.458
Linde PLC              0.375 9/30/2033   EUR   74.452
European Financial St  1.750 7/17/2053   EUR   69.172
RTE Reseau de Transpo  1.125  7/8/2040   EUR   67.901
Metinvest BV           7.75010/17/2029   USD   59.250
Realkredit Danmark A/  1.500 10/1/2050   DKK   74.916
SRV Group Oyj          4.875             EUR   40.000
Nats En Route PLC      1.750 9/30/2033   GBP   73.732
Jyske Realkredit A/S   1.000 10/1/2053   DKK   73.192
Blend Funding PLC      2.922  4/5/2054   GBP   60.893
Credit Bank of Moscow  7.121 6/25/2024   USD   23.530
Sibur Securities DAC   3.450 9/23/2024   USD   74.293
DWR Cymru Financing U  2.500 3/31/2036   GBP   73.689
Avanti Communications  9.000 10/1/2022   USD   13.750
Erste Group Bank AG    0.500 1/12/2037   EUR   69.084
Havila Shipping ASA    8.470  1/2/2025   NOK   44.544
Raiffeisenlandesbank   1.650 8/23/2046   EUR   72.115
Cooperatieve Rabobank  0.50010/30/2043   MXN   13.132
Niedersachsen Invest   0.250 7/16/2035   EUR   73.135
Allergan Funding SCS   4.850 6/15/2044   USD   75.335
Catalyst Housing Ltd   3.12510/31/2047   GBP   65.494
Northern Powergrid Yo  2.250 10/9/2059   GBP   50.639
EYEMAXX Real Estate A  5.500 7/22/2025   EUR   19.409
City of Lausanne Swit  0.540 11/6/2062   CHF   73.694
Lithuania Government   2.100 5/26/2047   EUR   72.979
Bayerische Landesbank  1.550 2/13/2040   EUR   48.724
Intesa Sanpaolo SpA    1.400  2/8/2031   GBP   70.192
Realkredit Danmark A/  0.500 10/1/2050   DKK   70.007
Aegon Bank NV          0.375  6/9/2036   EUR   69.754
Prosus NV              4.987 1/19/2052   USD   71.177
Sidetur Finance BV    10.000 4/20/2016   USD    0.515
Vedanta Resources Ltd  6.125  8/9/2024   USD   63.263
Kreditanstalt fuer Wi  0.375 5/20/2036   EUR   72.314
OGX Austria GmbH       8.375  4/1/2022   USD    0.016
BNG Bank NV            0.87510/24/2036   EUR   75.271
Jyske Realkredit A/S   1.500 10/1/2050   DKK   74.922
Cooperatieve Rabobank  0.750 6/21/2039   EUR   68.161
Raiffeisenlandesbank   0.998 11/4/2033   EUR   73.729
Ministeries Van de Vl  1.500 4/11/2044   EUR   68.669
Clarion Funding PLC    1.875  9/7/2051   GBP   46.899
London & Quadrant Hou  3.75010/27/2049   GBP   71.684
States of Guernsey Bo  3.37512/12/2046   GBP   74.028
British Telecommunica  4.250 11/8/2049   USD   75.183
Russian Federal Bond   5.900 3/12/2031   RUB   72.795
AI Candelaria Spain S  5.750 6/15/2033   USD   73.851
Credit Agricole Itali  0.125 3/15/2033   EUR   72.574
Vier Gas Transport Gm  0.500 9/10/2034   EUR   70.109
nextbike GmbH          6.000 3/31/2025   EUR   50.000
Senivita Social Estat  6.500 5/12/2025   EUR    3.860
Raiffeisenlandesbank   0.500 1/22/2035   EUR   73.307
Channel Link Enterpri  3.848 6/30/2050   GBP   65.908
blueplanet Investment  5.500 2/26/2026   EUR    0.080
Futures Treasury PLC   3.375  2/8/2044   GBP   73.257
Kommunekredit          0.62511/21/2039   EUR   68.178
Lehman Brothers UK Ca  6.900             USD    3.986
Abengoa Abenewco 2 SA  1.50010/26/2024   USD    1.150
Ukraine Government In  6.876 5/21/2031   USD   23.272
Deutsche Bahn Finance  3.350 1/20/2042   AUD   68.487
Air Liquide Finance S  3.500 9/27/2046   USD   75.215
Societe Du Grand Pari  1.700 5/25/2050   EUR   64.813
Deutsche Lichtmiete A  5.250  9/1/2025   EUR    0.400
Cie Generale des Etab  0.625 11/2/2040   EUR   62.205
DLR Kredit A/S         1.000 10/1/2053   DKK   74.933
Salerno Pompei Napoli  2.800 1/19/2045   EUR   71.995
Ile-de-France Mobilit  0.67511/24/2036   EUR   70.762
Hylea Group SA         7.250 12/1/2022   EUR    0.060
Deutsche Lichtmiete A  5.250  2/1/2027   EUR    0.400
BPCE SA                3.58210/19/2042   USD   65.791
Realkredit Danmark A/  1.500 10/1/2053   DKK   63.822
Bayerische Landesbode  0.250 3/21/2036   EUR   70.730
Muenchener Hypotheken  1.000 4/18/2039   EUR   72.174
Gol Finance SA         7.000 1/31/2025   USD   40.319
Atari SA               6.500 7/31/2026   EUR    0.120
Aragvi Finance Intern  8.450 4/29/2026   USD   68.042
Mallinckrodt Internat 10.000 4/15/2025   USD    6.643
State of Bremen        0.450 2/24/2051   EUR   47.860
Abengoa Abenewco 2 SA  1.50010/26/2024   USD    0.009
Banco Santander SA     6.199             EUR    2.348
O1 Properties Finance  0.500 9/27/2028   USD    5.261
Yandex NV              0.750 9/13/2022   USD   69.375
State of Lower Saxony  0.050  3/9/2035   EUR   71.598
Wessex Water Services  1.250 1/12/2036   GBP   59.896
Rallye SA              4.000 2/28/2032   CHF    0.135
Petrobras Global Fina  4.750  4/2/2038   EUR   47.965
Development Bank of t  6.750  5/2/2024   USD   41.390
Jyske Realkredit A/S   1.500 10/1/2053   DKK   63.817
Penarian Housing Fina  3.212  6/7/2052   GBP   67.460
NRW Bank               0.500 6/17/2041   EUR   62.155
Cyprus Government Int  2.250 4/16/2050   EUR   69.631
Jyske Realkredit A/S   1.000 10/1/2053   DKK   68.265
Grand City Properties  2.500 6/27/2039   EUR   64.763
Stichting Afwikkeling  6.250             EUR   67.625
Altice France Holding  8.000 5/15/2027   EUR   47.975
Pentracor GmbH         8.500 5/29/2025   EUR    0.152
Nederlandse Waterscha  0.955 2/13/2051   EUR   55.975
Land Securities Capit  2.625 9/22/2037   GBP   73.158
Santander UK Group Ho  5.625 9/15/2045   USD   76.274
La Banque Postale Hom  0.250 2/12/2035   EUR   71.522
Russian Federal Bond   7.000 7/30/2036   RUB   70.100
RHP Finance PLC        3.250  2/5/2048   GBP   71.097
de Volksbank NV        0.12511/19/2040   EUR   57.003
BAWAG PSK Bank fuer A  0.01011/19/2035   EUR   66.508
State of North Rhine-  0.750 8/16/2041   EUR   65.360
Romanian Government I  2.000 1/28/2032   EUR   73.942
Nordea Kredit Realkre  1.000 10/1/2053   DKK   68.272
London & Quadrant Hou  2.00010/20/2038   GBP   63.076
Intesa Sanpaolo SpA    2.50010/14/2031   USD   73.666
Caisse Francaise de F  1.555 2/12/2042   EUR   74.040
University of Leeds    3.12512/19/2050   GBP   70.528
New World Resources N  4.000 10/7/2020   EUR    0.897
European Financial St  0.700 1/17/2053   EUR   50.600
Agrokor dd             9.875  5/1/2019   EUR   15.000
Bilt Paper BV         10.360             USD    1.220
Ministeries Van de Vl  0.875 3/21/2046   EUR   57.165
United Utilities Wate  0.010 7/27/2040   GBP   62.845
Bayerische Landesbank  2.02010/14/2030   EUR   75.368
Siemens Financierings  3.300 9/15/2046   USD   73.209
Free and Hanseatic Ci  0.250 2/18/2041   EUR   60.334
Region de Bruxelles-C  1.500 6/22/2070   EUR   49.594
Magyar Export-Import   2.500 5/23/2029   HUF   73.273
SNCF Reseau            2.25012/20/2047   EUR   74.727
City of Zurich Switze  0.25011/24/2051   CHF   75.759
Liquid Telecommunicat  5.500  9/4/2026   USD   58.641
Herefordshire Capital  4.19311/28/2049   GBP   71.438
NAK Naftogaz Ukraine   7.625 11/8/2028   USD   46.703
Motability Operations  1.500 1/20/2041   GBP   57.642
Land Berlin            0.625 1/26/2052   EUR   50.296
German Pellets GmbH    7.25011/27/2019   EUR    1.267
Norwegian Air Shuttle  7.50011/10/2023   USD   73.375
Belano Medical AG      8.25012/14/2025   EUR  106.372
Eastern Power Network  1.875  6/1/2035   GBP   70.465
Land Berlin            0.12511/24/2045   EUR   50.180
Russian Federal Bond   7.100 5/15/2041   RUB   66.810
ACCIONA Financiacion   3.000 12/2/2039   EUR   74.983
Notting Hill Genesis   2.000  6/3/2036   GBP   67.696
Autonomous Community   1.25510/31/2048   EUR   54.209
de Volksbank NV        0.375 9/16/2041   EUR   58.778
State of North Rhine-  1.75010/26/2057   EUR   66.379
Land Berlin            0.100 1/18/2041   EUR   58.388
Fresnillo PLC          4.250 10/2/2050   USD   71.731
Deutsche Bahn Finance  2.005  6/7/2039   SEK   74.170
Caisse Francaise de F  0.500 10/1/2046   EUR   54.061
PCF GmbH               4.750 4/15/2026   EUR   69.744
National Grid Electri  1.657 7/28/2056   GBP   72.802
Turkiye Government Bo  9.100 2/16/2028   TRY   52.000
City of Lausanne Swit  0.230 11/1/2060   CHF   64.267
Region Wallonne Belgi  0.650 1/16/2051   EUR   45.964
Altice France SA/Fran  5.125 1/15/2029   USD   72.799
Dtek Renewables Finan  8.50011/12/2024   EUR   57.167
Vedanta Resources Fin  9.250 4/23/2026   USD   56.712
UniCredit Bank Austri  0.050 9/21/2035   EUR   67.846
Free State of Bavaria  0.010 1/18/2035   EUR   72.003
ESB Finance DAC        1.875 7/21/2035   GBP   70.372
University of Southam  2.250 4/11/2057   GBP   53.680
Island Offshore Shiph  9.990 6/30/2024   NOK   45.000
Citizen Treasury PLC   3.25010/20/2048   GBP   67.785
Ukraine Government In  6.750 6/20/2028   EUR   24.013
Terragon AG            6.500 5/24/2024   EUR    1.416
Lithuania Government   0.300 2/12/2032   EUR   72.874
Deutsche Lichtmiete A  5.750 12/1/2023   EUR    1.493
Santander Consumer Fi  8.250             EUR   92.858
ABN AMRO Bank NV       0.375 1/14/2035   EUR   73.105
Republic of Belarus I  5.875 2/24/2026   USD   34.712
BNG Bank NV            1.550 2/19/2032   AUD   74.824
Ukraine Government In  7.750  9/1/2026   USD   27.881
Basque Government      1.37510/31/2070   EUR   41.537
Eolo SpA               4.87510/21/2028   EUR   70.296
State of North Rhine-  0.50011/25/2039   EUR   65.645
Mallinckrodt Internat 10.000 6/15/2029   USD    6.624
Banco Espirito Santo   6.875 7/15/2016   EUR   20.000
Agence Francaise de D  1.125  3/2/2037   EUR   75.016
Nordea Kredit Realkre  0.500 10/1/2050   DKK   64.941
Cooperatieve Rabobank  0.500 7/30/2043   MXN   15.203
Gecci Investment KG    5.750  8/1/2025   EUR   15.052
Commune de Marseille   0.49812/17/2040   EUR   60.247
J&T Banka AS           7.000             EUR   70.498
Department of Gironde  0.765 4/29/2036   EUR   68.522
Samhallsbyggnadsbolag  5.23112/18/2025   SEK   70.138
Metinvest BV           7.650 10/1/2027   USD   62.802
Societe Du Grand Pari  1.00011/26/2051   EUR   50.980
Virgolino de Oliveira 10.500 1/28/2018   USD    0.172
Altice France SA/Fran  3.375 1/15/2028   EUR   73.393
Codere Finance 2 Luxe 11.000 9/30/2026   EUR   60.423
Gazprom PJSC via Gaz   2.950 1/27/2029   USD   63.109
Scottish Hydro Electr  2.125 3/24/2036   GBP   70.305
NRW Bank               1.200 3/28/2039   EUR   74.551
UBS AG/London          5.07011/23/2025   EUR   58.500
Cadent Finance PLC     2.25010/10/2035   GBP   69.464
Norske Skogindustrier  7.00012/30/2026   EUR    0.010
Ukraine Government In  7.253 3/15/2035   USD   23.585
DLR Kredit A/S         1.000 10/1/2053   DKK   69.853
JAB Holdings BV        3.750 5/28/2051   USD   63.167
State of North Rhine-  1.450 2/16/2043   EUR   72.831
MMC Norilsk Nickel OJ  2.550 9/11/2025   USD   72.717
European Financial St  0.700 1/20/2050   EUR   54.209
SNCF Reseau            0.750 5/25/2036   EUR   72.386
Eurovita SpA           6.00012/22/2025   EUR   36.889
TechnipFMC PLC         3.750 10/7/2033   EUR   71.561
Deutsche Telekom AG    3.625 1/21/2050   USD   75.035
EDOB Abwicklungs AG    7.500  4/1/2012   EUR    1.537
Steilmann SE           6.750 6/27/2017   EUR    2.184
Deutsche Pfandbriefba  1.000 12/2/2030   EUR   72.204
Landwirtschaftliche R  0.01011/26/2040   EUR   57.960
Abengoa Abenewco 2 Bi  1.500 4/26/2024   USD    0.584
Region of Pays de la   0.924 11/4/2044   EUR   57.284
British Telecommunica  1.739 6/25/2039   GBP   72.091
Karbon Homes Ltd       3.37511/15/2047   GBP   72.920
Cirio Finanziaria SpA  8.00012/21/2005   EUR    0.478
Aroundtown SA          2.970 9/26/2033   EUR   59.185
Assistance Publique H  1.75011/27/2041   EUR   74.305
Russian Foreign Bond   5.100 3/28/2035   USD   35.938
Polyus Finance PLC     3.25010/14/2028   USD   60.615
Nordea Kredit Realkre  1.000 10/1/2053   DKK   58.888
Transports Publics Du  0.45012/29/2056   CHF   68.907
AXA Bank Europe SCF    0.250  6/9/2040   EUR   60.211
Cirio Holding Luxembo  6.250 2/16/2004   EUR    1.900
SAG Solarstrom AG      6.25012/14/2015   EUR   31.000
Norske Skogindustrier  2.00012/30/2115   EUR    0.367
Jyske Realkredit A/S   0.500 10/1/2053   DKK   62.711
Goldman Sachs Interna 16.288 3/17/2027   USD   40.280
German Pellets GmbH    7.250  7/9/2018   EUR    1.267
Voyage Care BondCo PL  5.875 2/15/2027   GBP   73.807
SES SA                 5.300  4/4/2043   USD   70.627
NRW Bank               1.250 5/13/2049   EUR   62.919
Action Logement Servi  0.50010/30/2034   EUR   73.614
Credit Agricole Itali  0.750 1/20/2042   EUR   59.384
Societe Generale SA   10.000 6/28/2034   USD   71.600
Fastighets AB Balder   1.293  3/3/2031   EUR   60.805
Finmek International   7.000 12/3/2004   EUR    2.193
British Telecommunica  1.774 6/25/2042   GBP   72.504
Nostrum Oil & Gas Fin  8.000 7/25/2022   USD   25.933
Hungary Government In  3.125 9/21/2051   USD   61.521
European Primary Plac  1.732 11/9/2055   GBP   45.350
Bank Nadra Via NDR Fi  8.250 7/31/2018   USD    0.208
MHP Lux SA             6.250 9/19/2029   USD   63.427
Privatbank CJSC Via U 10.875 2/28/2018   USD    8.704
Norwegian Air Shuttle  7.137  2/7/2023   SEK   72.356
Intrum AB              3.000 9/15/2027   EUR   70.223
Espirito Santo Financ  5.05011/15/2025   EUR    0.389
DekaBank Deutsche Gir  0.400 1/29/2035   EUR   74.294
HYPO NOE Landesbank f  1.605 8/23/2046   EUR   73.724
Kreditanstalt fuer Wi  1.00010/19/2050   EUR   59.609
Orpea SA               2.000  8/9/2029   EUR   23.536
Ukraine Government In  7.750  9/1/2025   USD   29.775
Home Group Ltd         3.125 3/27/2043   GBP   68.218
State of Saxony-Anhal  0.500 3/24/2051   EUR   49.293
State of Bremen        0.550  2/4/2050   EUR   50.439
Action Logement Servi  0.750 7/19/2041   EUR   61.577
Prosus NV              4.027  8/3/2050   USD   62.521
Abengoa Abenewco 1 SA  6.000 6/10/2022   EUR    0.454
Free and Hanseatic Ci  0.40011/23/2051   EUR   46.185
Solon SE               1.375 12/6/2012   EUR    0.745
Agence Francaise de D  0.500 5/31/2035   EUR   73.193
Deutsche Bank AG       0.65011/30/2048   EUR   47.784
Celtic Resources Hold  4.125 10/9/2024   USD   14.533
CaixaBank SA           4.000  7/7/2042   EUR   75.306
Stonewater Funding PL  1.625 9/10/2036   GBP   65.706
Barclays Bank PLC      0.500 1/28/2033   MXN   41.172
Altice France SA/Fran  4.000 7/15/2029   EUR   71.485
Kommunekredit          0.500 6/19/2039   DKK   65.199
Grupo Antolin-Irausa   3.500 4/30/2028   EUR   70.327
Sovcombank Via SovCom  8.000  4/7/2030   USD    7.738
MFB Magyar Fejlesztes  4.200 4/20/2033   HUF   74.300
Tennor Finance BV      5.750 6/17/2024   EUR   29.000
BNP Paribas SA         1.590 2/23/2051   EUR   62.980
National Grid Electri  0.010 3/26/2036   GBP   71.306
Free State of Saxony   0.400 5/12/2036   EUR   72.280
Communaute Francaise   2.300 4/25/2089   EUR   68.673
Caisse Francaise de F  0.625 1/20/2042   EUR   62.180
Land Berlin            0.350  9/9/2050   EUR   46.978
Nederlandse Waterscha  1.625 1/29/2048   EUR   71.495
Romanian Government I  2.000 4/14/2033   EUR   71.104
UniCredit Bank AG      0.010 1/21/2036   EUR   67.681
Paradigm Homes Charit  2.250 5/20/2051   GBP   55.127
Anglo American Capita  3.950 9/10/2050   USD   72.708
DekaBank Deutsche Gir  1.10011/25/2030   EUR   72.525
State of North Rhine-  1.00010/16/2046   EUR   62.594
LiveWest Treasury PLC  2.25010/10/2043   GBP   62.368
Cirio Finance Luxembo  7.500 11/3/2002   EUR    1.240
Nykredit Realkredit A  1.000 10/1/2056   DKK   65.676
Metropolitano de Tene  1.229 7/30/2036   EUR   71.626
Air Liquide Finance S  3.500 9/27/2046   USD   74.111
Romanian Government I  3.375 1/28/2050   EUR   62.134
Realkredit Danmark A/  0.500 10/1/2053   DKK   67.921
Aroundtown SA          3.25011/12/2032   EUR   63.090
Aster Treasury Plc     1.405 1/27/2036   GBP   66.656
Chrome Holdco SAS      5.000 5/31/2029   EUR   70.250
Cooperatieve Rabobank  0.500 1/31/2033   MXN   39.398
Department of L'Eure   0.643 8/31/2041   EUR   57.939
London & Quadrant Hou  2.750 7/20/2057   GBP   56.110
Clarion Funding PLC    1.25011/13/2032   GBP   71.039
La Financiere Atalian  5.125 5/15/2025   EUR   72.175
Credit Suisse Interna  9.500 3/24/2026   UAH   61.990
Norske Skog Holding A  8.000 2/24/2021   EUR    0.006
Canary Wharf Group In  3.375 4/23/2028   GBP   66.552
State of Hesse         0.227 8/20/2049   EUR   49.990
BASF SE                1.025 8/13/2048   JPY   64.338
Region de Bruxelles-C  0.56212/23/2065   EUR   28.964
Gemeente Bergen OP Zo  0.440 9/20/2044   EUR   56.304
Veneto Banca SpA       6.411             EUR    0.345
ING-DiBa AG            1.000 5/23/2039   EUR   71.433
Moby SpA               7.750 2/15/2023   EUR   60.536
NRW Bank               1.000 6/24/2051   EUR   56.002
Societe Nationale SNC  2.842 3/31/2036   AUD   73.451
Onward Homes Ltd       2.125 3/25/2053   GBP   50.294
Aroundtown SA          2.70010/31/2028   EUR   74.297
Libra Longhurst Group  3.250 5/15/2043   GBP   69.579
DZ HYP AG              0.37511/10/2034   EUR   73.969
Joh Friedrich Behrens  6.250 6/18/2024   EUR    7.440
Caisse Francaise de F  0.375 2/13/2040   EUR   62.232
Russian Foreign Bond   5.250 6/23/2047   USD   30.934
Romanian Government I  4.000 2/14/2051   USD   66.887
Land Berlin            0.050  8/6/2040   EUR   58.556
AnaCap Financial Euro  8.968  8/1/2024   EUR   65.045
MMK International Cap  4.375 6/13/2024   USD   27.957
Russian Foreign Bond   4.375 3/21/2029   USD   49.451
Italy Buoni Poliennal  2.800  3/1/2067   EUR   68.450
JAB Holdings BV        4.500  4/8/2052   USD   72.723
A2Dominion Housing Gr  4.250 1/14/2039   GBP   74.738
La Veggia Finance SA   7.12511/14/2004   EUR    0.628
Societe Nationale SNC  2.45712/23/2050   USD   57.308
Barclays Bank PLC      2.180 3/18/2039   EUR   71.665
Malta Government Bond  2.000 7/10/2051   EUR   64.040
Cie de Financement Fo  0.01010/29/2035   EUR   67.547
HSE Finance Sarl       5.62510/15/2026   EUR   51.147
Ile-de-France Mobilit  1.275 2/14/2042   EUR   68.051
Proximus SADP          1.500 5/14/2040   EUR   68.356
WM Morrison Supermark  2.500 10/1/2031   GBP   38.072
Hellas Telecommunicat  8.50010/15/2013   EUR    0.781
German Pellets GmbH    7.250  4/1/2016   EUR    1.267
Autonomous Region of   1.095 9/27/2036   EUR   70.572
Kairos Global Solutio  1.900  7/3/2035   USD   72.325
Landesbank Baden-Wuer  0.980 7/15/2032   EUR   75.251
ABN AMRO Bank NV       1.115  3/3/2042   EUR   67.804
Flamingo Lux II SCA    5.000 3/31/2029   EUR   71.559
Turkiye Ihracat Kredi 12.540 9/14/2028   TRY   53.403
Caisse Francaise de F  0.125 2/15/2036   EUR   67.703
Stelius Befektetoe Za  3.100 9/17/2030   HUF   67.000
Nationale-Nederlanden  0.375  3/4/2041   EUR   60.273
Notting Hill Genesis   3.25010/12/2048   GBP   66.497
Phosphorus Holdco PLC 10.000  4/1/2019   GBP    0.500
British Telecommunica  3.924 6/25/2042   GBP   70.521
Banco Espirito Santo   6.790             EUR    0.672
Swissgrid AG           0.050 6/30/2050   CHF   63.287
Operateur de Reseaux   2.850  2/3/2045   EUR   74.248
Serbia International   1.650  3/3/2033   EUR   69.860
Bayerische Landesbank  1.820 5/12/2031   EUR   72.076
Muenchener Hypotheken  0.125  9/5/2035   EUR   69.981
Altice France SA/Fran  4.125 1/15/2029   EUR   72.430
Ville de Paris         2.017 5/25/2052   EUR   66.591
Serbia International   2.050 9/23/2036   EUR   64.133
Severn Trent Utilitie  0.01012/16/2055   GBP   38.954
Master & Fellows of U  3.068 4/28/2065   GBP   58.056
Endo Luxembourg Finan  6.125  4/1/2029   USD   62.000
Ahtium PLC             4.00012/16/2015   EUR    0.586
Kreditanstalt fuer Wi  0.980 6/28/2051   EUR   59.403
State of Hesse         0.750  8/4/2036   EUR   75.291
LSEGA Financing PLC    3.200  4/6/2041   USD   73.414
BPCE SFH SA            0.375 3/18/2041   EUR   60.038
Cirio Del Monte NV     7.750 3/14/2005   EUR    1.704
Sberbank of Russia Vi  5.12510/29/2022   USD   32.532
AXA Home Loan SFH SA   0.125 6/25/2035   EUR   69.576
Alliander NV           1.125  4/8/2035   EUR   73.416
Societe Nationale SNC  2.842 3/31/2036   AUD   73.383
Republic of Ireland I  1.560 2/16/2122   EUR   52.738
Ile-de-France Mobilit  0.950 5/28/2041   EUR   65.119
BNP Paribas Issuance  20.000 9/18/2026   EUR   53.160
Kernel Holding SA      6.75010/27/2027   USD   62.863
Cooperatieve Rabobank  0.01011/27/2040   EUR   56.284
Region de Bruxelles-C  1.220 6/23/2053   EUR   54.287
Severn Trent Utilitie  1.602 9/29/2056   GBP   72.085
Raiffeisen Landesbank  0.37511/13/2034   EUR   73.633
National Grid Electri  1.151 2/20/2040   EUR   58.558
Deutsche Bahn Finance  3.100 5/20/2041   AUD   66.342
Incommunities Treasur  3.250 3/21/2049   GBP   70.417
Prosus NV              2.778 1/19/2034   EUR   74.706
Nationwide Building S  0.750  5/8/2035   EUR   74.394
Bpifrance SACA         1.046 5/25/2050   EUR   52.113
Orpea SA               3.00011/25/2041   EUR   23.434
Investitionsbank Berl  0.050  3/2/2035   EUR   71.523
Elia Transmission Bel  1.560 1/30/2044   EUR   74.428
State of Rhineland-Pa  1.500 4/25/2052   EUR   66.040
LSF9 Balta Issuer SAR  3.00012/31/2030   EUR   65.002
National Grid Electri  1.541 12/1/2053   GBP   70.427
Ukraine Government In  4.375 1/27/2032   EUR   21.123
Gazprom PJSC via Gaz   3.250 2/25/2030   USD   57.624
DLR Kredit A/S         1.000 10/1/2050   DKK   71.281
Region de Bruxelles-C  0.444 3/19/2057   EUR   33.444
Jyske Realkredit A/S   0.500 10/1/2053   DKK   67.939
Credit Bank of Moscow  7.500 10/5/2027   USD   21.675
Credit Agricole Itali  1.000 1/17/2045   EUR   58.266
Gecci Investment KG    6.000 10/1/2027   EUR    7.445
Altice France Holding  4.000 2/15/2028   EUR   38.350
Orpea SA               2.750  6/3/2033   EUR   27.737
Elli Investments Ltd  12.250 6/15/2020   GBP   52.250
UBS AG/London         11.000  1/8/2024   CHF   20.860
Autonomous Community   1.13811/22/2052   EUR   48.247
New World Resources N  8.000  4/7/2020   EUR    0.105
Communaute Francaise   0.626 8/24/2040   EUR   60.411
Severn Trent Utilitie  1.399  2/9/2057   GBP   66.068
Midland Heart Capital  1.831 8/12/2050   GBP   49.160
niiio finance group A  4.000 5/31/2026   EUR   65.000
LIB-Landesimmobilien   0.620 7/15/2041   EUR   62.295
Autobahnen- und Schne  0.100 7/16/2035   EUR   70.832
Iberdrola Finanzas SA  1.000  2/2/2037   EUR   70.479
Sekerbank Turk AS     18.84012/10/2027   TRY #N/A N/A
Raiffeisen Landesbank  0.250  3/4/2036   EUR   68.716
Region of Ile de Fran  0.610  7/2/2040   EUR   62.451
Free and Hanseatic Ci  0.200  9/3/2049   EUR   45.957
National Grid Electri  1.676 9/24/2052   GBP   73.575
Ukraine Government In  7.750  9/1/2024   USD   31.291
State of Lower Saxony  0.250 4/15/2036   EUR   70.798
Landesbank Baden-Wuer  0.400 2/12/2031   EUR   75.034
Autostrade per l'Ital  3.625  6/9/2038   EUR   73.188
Nordea Kredit Realkre  1.500 10/1/2050   DKK   74.897
Yorkshire Water Servi  1.462  8/1/2051   GBP   67.207
Muenchener Hypotheken  0.300  9/6/2032   EUR   73.412
Severn Trent Utilitie  1.399  2/9/2057   GBP   65.533
Realkredit Danmark A/  0.500 10/1/2053   DKK   62.638
Regiao Autonoma Madei  1.141 12/4/2034   EUR   74.277
Republic of Ireland I  0.995 2/24/2121   EUR   35.541
Vasakronan AB          2.256 4/12/2044   EUR   62.026
Sairgroup Finance BV   6.625 10/6/2010   EUR    0.250
Jyske Realkredit A/S   0.500 10/1/2050   DKK   70.089
Scottish Hydro Electr  1.42910/20/2056   GBP   66.069
Golden Gate GmbH       6.50010/11/2014   EUR   33.070
Nordea Kredit Realkre  0.500 10/1/2053   DKK   68.008
Blend Funding PLC      3.508  5/4/2057   GBP   66.999
Ukraine Government In  7.375 9/25/2034   USD   23.763
LiveWest Treasury PLC  1.875 2/18/2056   GBP   46.550
Ukraine Government In  7.750  9/1/2027   USD   27.416
HSBC Bank PLC          0.500 6/23/2027   MXN   69.334
Metinvest BV           8.500 4/23/2026   USD   69.221
de Volksbank NV        1.500 7/23/2038   EUR   75.682
Republic of Ireland I  0.74011/27/2120   EUR   27.564
Wrekin Housing Group   2.50010/22/2048   GBP   58.131
DZ Bank AG Deutsche Z  5.122 11/2/2033   EUR   54.244
Barclays Bank PLC      1.750 9/29/2032   USD   67.292
Northern Electric Fin  2.750 5/24/2049   GBP   62.673
MBH Mortgage Bank Co   3.00010/22/2031   HUF   67.850
Hamon & CIE SA         3.300 1/31/2035   EUR   44.154
Comunidad Foral de Na  1.800 3/25/2042   EUR   70.292
Orpea SA               3.14412/22/2025   EUR   23.250
EVN AG                 0.85010/15/2035   EUR   71.388
Prosus NV              2.031  8/3/2032   EUR   73.573
HSE Finance Sarl       9.74210/15/2026   EUR   50.794
Alfa Bank AO Via Alfa  5.50010/26/2031   USD    0.618
Stadt Graz             1.87810/31/2046   EUR   73.203
Corporate Commercial   8.250  8/8/2014   USD    0.308
Caisse de Refinanceme  0.250  2/7/2035   EUR   71.447
Blend Funding PLC      2.467 6/16/2061   GBP   49.069
Celtic Resources Hold  4.125 10/9/2024   USD   14.533
Russian Foreign Bond   4.750 5/27/2026   USD   54.014
Rio Forte Investments  4.000 7/22/2014   EUR    2.771
NRW Bank               1.150 9/16/2051   EUR   58.571
Kelag-Kaerntner Elekt  1.150 4/16/2041   EUR   56.564
Compact Bidco BV       5.750  5/1/2026   EUR   46.671
Pfandbriefzentrale de  0.050 10/6/2043   CHF   75.151
Alpine Holding GmbH    5.250  7/1/2015   EUR    0.372
Sovcombank Via SovCom  8.000  4/7/2030   USD    7.738
VTB Bank OJSC Via VTB  6.250 6/30/2035   USD   23.335
Holcim US Finance Lux  2.24010/15/2031   USD   75.964
Romanian Government I  2.875 4/13/2042   EUR   61.515
Swedbank AB            0.350 9/22/2031   EUR   75.595
Anglian Water Service  1.141  8/1/2042   GBP   73.394
Free State of Bavaria  0.010 3/28/2036   EUR   68.138
Jyske Realkredit A/S   0.500 10/1/2050   DKK   64.821
Region Wallonne Belgi  1.865 5/10/2051   EUR   63.787
DLR Kredit A/S         0.500 10/1/2053   DKK   69.546
Alpine Holding GmbH    6.000 5/22/2017   EUR    0.372
Region de Bruxelles-C  1.710  5/5/2047   EUR   62.850
Prosus NV              1.985 7/13/2033   EUR   70.972
Raiffeisenlandesbank   0.375 1/15/2035   EUR   72.239
Autonomous Community   2.300 5/24/2049   EUR   69.041
Kommunekredit          0.500 7/30/2027   TRY   34.378
State Agency of Roads  6.250 6/24/2030   USD   25.591
Region Centre          0.711 11/2/2036   EUR   69.057
Land Baden-Wuerttembe  0.375 7/20/2048   EUR   49.227
NRW Bank               1.400 3/19/2070   EUR   52.302
DZ Bank AG Deutsche Z  1.026 9/23/2030   EUR   75.481
Elli Finance UK PLC    8.750 6/15/2019   GBP   43.294
Portugal Telecom Inte  6.250 7/26/2016   EUR    0.285
Deutsche Bank AG/Lond 13.750 6/20/2026   TRY   30.299
Solarworld AG          9.691 2/24/2019   EUR   14.875
GN Store Nord AS       1.970  3/3/2036   EUR   67.636
Assistance Publique H  1.099  4/6/2071   EUR   39.206
Pershing Square Holdi  3.000 7/15/2032   USD   71.170
State of Brandenburg   0.300 10/4/2049   EUR   47.692
Ahtium PLC             9.750  4/4/2017   EUR    0.726
Agatos SpA             4.75012/31/2026   EUR   29.800
Gazprom PJSC Via Gaz   4.950  2/6/2028   USD   72.406
Cie de Financement Fo  0.975 8/11/2046   EUR   60.914
SNCF Reseau            1.425 8/14/2119   EUR   37.205
Yorkshire Water Servi  1.758  2/1/2054   GBP   71.165
Rena GmbH              8.250 7/11/2018   EUR    0.054
Offshore Drilling Hol  8.375 9/20/2020   USD    1.250
CNH Industrial Financ  2.200 7/15/2039   EUR   69.924
Kingdom of Belgium Go  0.459 7/23/2079   EUR   28.589
British Telecommunica  3.883 6/25/2039   GBP   74.276
LFA Foerderbank Bayer  0.01012/15/2033   EUR   74.230
State of North Rhine-  0.800 7/30/2049   EUR   55.709
Del Monte Finance Lux  6.625 5/24/2006   EUR    1.000
Privatbank CJSC Via U 11.000  2/9/2021   USD    1.000
Deutsche Pfandbriefba  1.850 9/20/2032   EUR   72.428
Yarlington Treasury S  3.410 9/18/2057   GBP   62.723
DZ Bank AG Deutsche Z  0.600 2/19/2036   EUR   66.195
Bausparkasse Wuestenr  1.830  4/3/2043   EUR   74.964
Barclays Bank PLC      5.000 11/1/2029   BRL   73.379
BPCE SA                0.50010/21/2034   EUR   71.274
BPCE SFH SA            1.210 6/15/2039   EUR   70.898
Purple Protected Asse  1.600  9/8/2056   EUR   48.620
Finance and Credit Ba  9.250 1/25/2019   USD    0.139
Stonewater Funding PL  3.375 11/2/2045   GBP   73.096
Erdoel-Lagergesellsch  1.200  6/4/2043   EUR   66.699
Charm Finance PLC      3.509 4/12/2048   GBP   70.002
Abengoa Abenewco 2 Bi  1.500 4/26/2024   USD    0.584
Sairgroup Finance BV   4.375  6/8/2006   EUR    0.250
Landesbank Hessen-Thu  4.375 3/30/2042   USD   72.424
Uliving@Essex Issuerc  0.100 8/31/2058   GBP   63.221
Metalloinvest Finance  3.37510/22/2028   USD   54.898
Societe Generale SA   14.000  8/8/2024   USD   23.120
EnBW International Fi  2.080 1/21/2041   EUR   66.776
Rhaetische Bahn AG RH  0.050  8/3/2050   CHF   72.644
Barclays Bank PLC      4.100 1/29/2048   USD   73.136
National Grid Electri  1.541 12/1/2056   GBP   69.228
A-TEC Industries AG    8.75010/27/2014   EUR    0.100
Lloyds Bank PLC        0.500 7/26/2028   MXN   62.540
Kreditanstalt fuer Wi  1.100 9/16/2051   EUR   60.690
Suek Securities DAC    3.375 9/15/2026   USD   70.507
Ukraine Government In  7.750  9/1/2028   USD   27.548
Ministeries Van de Vl  1.00010/13/2036   EUR   74.898
Landesbank Baden-Wuer  0.905  4/1/2041   EUR   52.740
Jain International Tr  7.125  2/1/2022   USD   22.000
Republic of Belarus I  6.378 2/24/2031   USD   35.497
Landesbank Baden-Wuer  0.900 5/28/2035   EUR   67.896
Deutsche Pfandbriefba  1.34010/16/2051   EUR   61.806
PJSC Koks via IMH Cap  5.900 9/23/2025   USD    8.614
Severn Trent Utilitie  1.668  8/1/2057   GBP   73.285
Cie DU Chemin de Fer   0.28011/29/2052   CHF   63.747
Gazprom PJSC via Gaz   3.897             EUR   60.595
Cooperatieve Rabobank  0.50011/30/2027   MXN   67.434
Russian Foreign Bond   2.875 12/4/2025   EUR   61.108
Landesbank Baden-Wuer  1.080 7/16/2035   EUR   69.208
Jyske Realkredit A/S   1.000 10/1/2053   DKK   58.866
Sovcombank Via SovCom  7.600             USD    4.036
Tinkoff Bank JSC Via   6.000             USD   48.733
Deutsche Pfandbriefba  2.000  7/9/2032   EUR   73.921
National Grid Electri  1.541 12/1/2056   GBP   68.818
ESB Finance DAC        2.000 4/17/2044   EUR   65.966
Severstal OAO Via Ste  3.150 9/16/2024   USD    5.488
Caisse Francaise de F  0.01010/19/2035   EUR   67.315
Free and Hanseatic Ci  0.300 9/16/2050   EUR   46.166
VTB Bank PJSC Via VTB  9.500             USD   17.569
Caisse Francaise de F  1.699 1/18/2044   EUR   72.246
Sparekassen Bredebro   3.750 4/15/2031   DKK   72.646
Romanian Government I  2.750 4/14/2041   EUR   61.538
Yorkshire Water Servi  1.462  8/1/2051   GBP   68.538
Raiffeisenbank AS      8.891             EUR   71.935
Region Provence-Alpes  0.753  1/5/2037   EUR   68.393
Region of Pays de la   0.87710/28/2041   EUR   59.891
getgoods.de AG         7.750 10/2/2017   EUR    0.527
Vontobel Financial Pr  7.120 12/7/2023   EUR   54.950
Grupo Isolux Corsan S  6.00012/30/2021   EUR    0.673
Kreditanstalt fuer Wi  0.81612/19/2050   EUR   52.543
Free State of Saxony   0.01012/17/2035   EUR   69.413
Sibur Securities DAC   2.950  7/8/2025   USD   65.515
Land Thueringen        0.100  7/9/2035   EUR   71.150
Region Auvergne-Rhone  0.89210/21/2041   EUR   61.785
State of North Rhine-  0.375  9/2/2050   EUR   46.952
Alfa Bank AO Via Alfa  5.950 4/15/2030   USD    1.381
Marseille Provence Me  1.000 1/15/2038   EUR   69.727
Region de Bruxelles-C  1.000 4/21/2051   EUR   52.517
State of Bremen        1.000 5/27/2039   EUR   72.443
Heta Asset Resolution  4.54012/29/2023   EUR    1.384
Uliving@Essex2 Issuer  0.100 8/31/2063   GBP   60.060
Avanti Communications  9.000 10/1/2022   USD   13.750
Credit Agricole Corpo  2.400 5/17/2048   EUR   54.841
Stichting Afwikkeling  6.25010/26/2020   EUR   43.625
Societe Generale SA    1.00010/20/2031   USD   70.250
ACCIONA Financiacion   1.900 6/28/2034   EUR   72.055
MFB Magyar Fejlesztes  2.90010/22/2031   HUF   69.656
Societe Wallonne de F  0.88311/21/2044   EUR   53.174
Landeskreditbank Bade  0.61011/17/2050   EUR   53.851
Nostrum Oil & Gas Fin  8.000 7/25/2022   USD   25.933
La Financiere Atalian  6.625 5/15/2025   GBP   71.542
Heta Asset Resolution  4.72912/31/2023   EUR    1.384
Ukraine Government In  9.790 5/26/2027   UAH   62.648
Alpine Holding GmbH    5.250 6/10/2016   EUR    0.372
Societe Generale SA   22.75010/17/2024   USD   17.700
Thames Water Utilitie  2.620 3/22/2033   GBP   69.547
Hampshire Trust Bank   7.250 5/10/2028   GBP   72.238
Deutsche Bank AG       0.68710/11/2049   EUR   39.784
SAir Group             0.125  7/7/2005   CHF   10.000
DZ Bank AG Deutsche Z  1.000 2/13/2042   EUR   67.085
Societe Generale SA   14.300 8/22/2024   USD   17.770
CBo Territoria         7.000 6/30/2028   EUR    4.250
Erotik-Abwicklungsges  7.750  7/9/2019   EUR    0.779
Lea bank ASA          12.460             NOK   74.247
Concessio Estacions A  3.52012/31/2037   EUR   75.308
Societe Generale SA    1.137 1/26/2037   EUR   71.613
Codere Finance 2 Luxe 12.75011/30/2027   EUR    7.457
Pershing Square Holdi  3.000 7/15/2032   USD   71.284
Land Thueringen        0.375 12/1/2051   EUR   45.829
Kuntarahoitus Oyj      0.940  6/9/2064   EUR   58.337
Societe Generale SA   16.000  7/3/2024   USD   32.250
Landesbank Baden-Wuer  0.290  8/6/2031   EUR   73.065
Ghelamco Invest        4.250 1/21/2027   EUR   70.081
IBP Markets Ltd        5.000             GBP   51.782
Yorkshire Water Servi  1.709  2/1/2058   GBP   69.757
Banco Santander SA     1.000 1/14/2034   EUR   73.000
Bayerische Landesbank  1.02011/12/2035   EUR   66.539
DZ Bank AG Deutsche Z  1.550 6/27/2041   EUR   74.604
Aareal Bank AG         1.800 7/21/2036   EUR   65.292
Deutsche Bank AG       1.750  4/9/2035   EUR   66.425
Bundesrepublik Deutsc  1.250 8/15/2048   EUR   75.377
Republic of Belarus I  6.200 2/28/2030   USD   33.599
DLR Kredit A/S         0.500 10/1/2053   DKK   64.182
State of Mecklenburg-  0.23911/17/2070   EUR   24.471
Region Wallonne Belgi  1.250 6/22/2071   EUR   48.015
Credit Agricole SA     4.400 2/24/2042   AUD   59.568
Windreich GmbH         6.500  3/1/2015   EUR    4.150
Nationale-Nederlanden  0.050 9/24/2035   EUR   68.328
Windreich GmbH         6.500 7/15/2016   EUR    4.150
Aareal Bank AG         1.741 1/12/2045   EUR   51.376
JAB Holdings BV        2.00012/19/2039   EUR   71.748
Assistance Publique H  2.000 5/25/2053   EUR   67.015
Achmea Bank NV         0.250 9/29/2036   EUR   67.779
SCC Power PLC          6.00012/31/2028   USD   52.470
United Utilities Wate  1.662 8/11/2056   GBP   74.011
GN Store Nord AS       3.20011/26/2036   GBP   73.638
United Utilities Wate  1.587 8/16/2056   GBP   72.176
Societe Generale SA   24.00011/14/2024   USD   54.300
Bayerische Landesbank  2.25010/17/2033   EUR   71.078
ALROSA Finance SA      4.650  4/9/2024   USD   10.077
Orpea SA               2.300  3/6/2025   EUR   22.900
United Utilities Wate  1.585 7/12/2057   GBP   73.880
Severn Trent Utilitie  1.589  2/1/2067   GBP   68.935
SiC Processing GmbH    7.125  3/1/2016   EUR    0.643
DXC Capital Funding D  0.950 9/15/2031   EUR   75.311
State of Rhineland-Pa  0.375 3/10/2051   EUR   46.830
Ministeries Van de Vl  0.63411/19/2060   EUR   35.889
Kleopatra Holdings 2   6.500  9/1/2026   EUR   57.609
Depfa Funding II LP    6.500             EUR   64.425
Communaute Francaise   0.788 8/30/2049   EUR   48.962
Land Thueringen        0.37511/14/2034   EUR   74.910
Norwegian Air Shuttle  7.50011/10/2023   USD   73.375
Gazprom PJSC via Gaz   1.85011/17/2028   EUR   59.378
SNCF Reseau            2.622 9/24/2049   USD   65.816
Peine GmbH             2.000  7/5/2023   EUR   44.500
Deutsche Bank AG       1.725 1/16/2045   EUR   43.429
UniCredit SpA          0.72511/27/2030   EUR   71.530
Ukraine Government In  9.750 11/1/2030   USD   28.684
DLR Kredit A/S         1.500 10/1/2053   DKK   72.814
Credit Bank of Moscow  8.875             USD   20.000
PIK Securities DAC     5.62511/19/2026   USD   47.369
Yorkshire Water Servi  1.823  2/1/2050   GBP   74.093
Grand Delta Habitat    1.285 11/6/2040   EUR   64.681
Bromford Housing Grou  2.554 3/17/2054   GBP   55.973
DZ Bank AG Deutsche Z  5.158 6/26/2029   EUR   74.580
Erste Group Bank AG    7.50011/29/2024   EUR   73.350
Dolphin Drilling ASA   4.490 8/28/2019   NOK    0.644
Societe Nationale SNC  1.400 5/18/2120   EUR   33.302
Malta Government Bond  1.50010/22/2045   EUR   60.550
Barclays Bank PLC      1.38211/27/2045   EUR   60.208
Anglian Water Service  1.76011/13/2035   GBP   64.990
UBS AG/London          1.860 2/28/2049   EUR   67.975
Orpea SA               2.77012/18/2028   EUR   23.434
Thames Water Utilitie  1.819 8/28/2049   GBP   66.065
Bulgaria Steel Financ 12.000  5/4/2013   EUR    0.216
DZ Bank AG Deutsche Z  1.000 2/18/2032   EUR   66.013
Department of Gironde  0.65012/17/2038   EUR   66.109
Air Berlin Finance BV  6.000  3/6/2019   EUR    0.278
Tonon Luxembourg SA   12.500 5/14/2024   USD    0.010
Officine Maccaferri-S  5.750  6/1/2021   EUR   16.625
Malta Government Bond  1.000 8/23/2035   EUR   74.259
Basque Government      1.00010/31/2050   EUR   48.722
Spain Government Bond  1.45010/31/2071   EUR   45.834
Societe Nationale SNC  1.280 3/27/2120   EUR   33.809
SG Issuer SA           0.600  3/7/2033   EUR   72.881
CDC Habitat SEM        0.853 2/15/2041   EUR   60.999
Ile-de-France Mobilit  1.586 2/23/2052   EUR   62.359
Landesbank Baden-Wuer  5.300 2/13/2034   AUD   73.793
Sovcombank Via SovCom  7.750             USD    1.301
International Finance  0.500 6/29/2027   ZAR   73.085
Vnesheconombank Via V  6.025  7/5/2022   USD    6.363
Russian Federal Bond   6.900  2/6/2036   RUB   70.697
Futureal Development   4.000 3/23/2031   HUF   69.000
Raiffeisen-Landesbank  2.010 12/7/2048   EUR   71.124
State of Saarland      0.050 11/5/2040   EUR   58.643
Banque Federative du   0.37610/15/2031   EUR   72.997
Region Wallonne Belgi  1.000 9/16/2059   EUR   43.565
Deutsche Wohnen SE     1.700 12/5/2036   EUR   70.533
Department of Bouches  0.48210/20/2045   EUR   51.033
Russian Foreign Bond   5.625  4/4/2042   USD   66.999
Russian Foreign Bond   7.500 3/31/2030   USD   65.139
Societe Generale SA   12.000  9/5/2024   USD   51.000
State of North Rhine-  1.491 8/23/2066   EUR   57.356
SNCF Reseau            0.350 7/25/2047   EUR   66.793
Nordea Kredit Realkre  0.500 10/1/2053   DKK   62.678
Bank of Valletta PLC   3.750 6/15/2031   EUR   75.098
Free and Hanseatic Ci  0.010 11/5/2035   EUR   69.673
BPCE SA                2.255 3/12/2040   AUD   54.173
Brussels Municipaliti  0.832 3/29/2041   EUR   62.848
BNP Paribas SA         2.840 8/26/2039   AUD   57.312
Virgolino de Oliveira 10.875 1/13/2020   USD   36.000
Veneto Banca SpA       6.950 2/25/2025   EUR    0.635
Region Wallonne Belgi  1.550 4/28/2120   EUR   45.432
Thames Water Utilitie  2.442 5/12/2050   GBP   45.647
Societe Generale SA    2.000 2/26/2033   USD   70.569
Landesbank Hessen-Thu  1.05011/17/2060   EUR   49.182
State of Brandenburg   0.30011/17/2045   EUR   53.569
UBS Group AG           2.21011/24/2035   USD   68.330
Kreditanstalt fuer Wi  0.600 2/16/2051   EUR   52.764
Rikshem AB             3.250 5/31/2041   AUD   59.789
Norddeutsche Landesba  1.35010/20/2038   EUR   64.940
AK BARS Bank Via AK B  8.000 7/13/2022   USD   31.000
Banco Espirito Santo   6.900 6/28/2024   EUR   19.998
Deutsche Pfandbriefba  0.640 9/10/2030   EUR   71.180
Societe Generale SA    0.83111/25/2031   EUR   71.318
Eurogrid GmbH          0.87511/20/2040   EUR   61.424
Societe Du Grand Pari  2.062 3/19/2070   EUR   60.482
Ville de Paris         1.165  6/9/2053   EUR   51.817
KTG Agrar SE           7.25010/15/2019   EUR    0.592
UBS AG/London          1.600 4/18/2049   EUR   63.862
Belfius Bank SA        0.125 6/19/2034   EUR   71.828
Region Occitanie       0.72811/16/2037   EUR   67.296
Lehman Brothers Treas  0.50012/20/2017   AUD    0.100
Kreditanstalt fuer Wi  0.93512/16/2039   EUR   71.308
NatWest Markets PLC    1.250 12/4/2034   EUR   74.742
Kreditanstalt fuer Wi  1.201 9/13/2051   EUR   62.730
State of Brandenburg   0.750  8/8/2036   EUR   75.220
BNG Bank NV            2.300  3/3/2036   AUD   68.955
BNG Bank NV            2.000 2/19/2038   AUD   65.260
Ramfort GmbH           6.750 3/15/2026   EUR   34.489
Bayerische Landesbank  0.360  4/9/2031   EUR   75.081
Kuntarahoitus Oyj      1.300  4/8/2061   EUR   63.862
Hemso Fastighets AB    3.020 9/14/2048   SEK   71.968
Banque et Caisse d'Ep  1.230 4/26/2046   EUR   67.808
GB Social Housing PLC  3.814  4/9/2047   GBP   70.023
Grand City Properties  2.600 2/25/2034   EUR   74.990
Ville de Paris         1.200 6/25/2039   EUR   71.290
Anselma Issuer SA      2.17412/31/2038   EUR   30.080
National Grid Electri  1.690 9/16/2041   GBP   53.768
Gazprom PJSC via Gaz   3.500 7/14/2031   USD   60.043
DZ Bank AG Deutsche Z  0.780  3/5/2030   EUR   73.672
Comunidad Foral de Na  1.450  5/8/2040   EUR   67.769
Swedbank Hypotek AB    1.500 7/13/2048   EUR   67.316
Republic of Belarus I  7.625 6/29/2027   USD   35.760
Havenbedrijf Rotterda  1.100 3/23/2051   EUR   58.795
NIBC Bank NV           0.410 1/27/2031   EUR   74.438
DNB Boligkreditt AS    0.980 6/20/2044   EUR   64.238
Department of Bouches  0.981 5/14/2047   EUR   56.179
BNG Bank NV           10.010 6/17/2025   TRY   67.300
SAir Group             4.250  2/2/2007   CHF   10.000
Borets Finance DAC     6.000 9/17/2026   USD   49.235
Canton of Neuchatel    0.10010/29/2049   CHF   71.194
Gold-Zack AG           7.00012/14/2005   EUR    6.001
Cooperatieve Rabobank  1.650 8/24/2036   EUR   71.817
Kommunekredit          0.375  2/3/2045   DKK   54.539
Ville de Paris         0.65011/25/2070   EUR   33.255
Landesbank Hessen-Thu  0.980 11/9/2060   EUR   47.778
Ukraine Government In  8.994  2/1/2026   USD   29.909
Landeskreditbank Bade  2.500 5/21/2036   AUD   68.239
ALROSA Finance SA      3.100 6/25/2027   USD    8.584
State of Brandenburg   0.60010/13/2051   EUR   50.318
Nomura Bank Internati  1.13812/19/2039   EUR   59.810
Kommunekredit          0.100 9/30/2033   DKK   73.803
Irish Bank Resolution  0.566 6/21/2016   EUR    0.076
DAH Holding GmbH       7.250 9/28/2018   EUR    0.718
Hypo-Wohnbaubank AG    1.700 7/25/2036   EUR #N/A N/A
MMC Norilsk Nickel OJ  6.62510/14/2022   USD   72.500
VTB Bank PJSC          9.700  4/2/2031   RUB   51.720
Nederlandse Waterscha  0.190 11/2/2050   EUR   45.328
Region de Bruxelles-C  0.27412/11/2040   EUR   57.358
Caisse Francaise de F  1.09310/14/2051   EUR   57.231
Yorkshire Water Servi  1.460  8/1/2056   GBP   66.215
Credit Mutuel Arkea S  0.73010/14/2036   EUR   67.291
Severn Trent Utilitie  1.626 8/11/2051   GBP   73.850
Deutsche Telekom AG    3.500  9/6/2039   AUD   69.898
Veneto Banca SpA       6.944 5/15/2025   EUR    0.635
OGX Austria GmbH       8.500  6/1/2018   USD    0.019
Cooperatieve Rabobank  0.50012/29/2027   MXN   66.257
VTB Bank PJSC          5.000             USD   56.000
State of Lower Austri  0.815 9/22/2056   EUR   46.709
Comunidad Foral de Na  0.55010/22/2035   EUR   69.941
Gazprom PJSC via Gaz   4.599             USD   51.421
Slovenska Sporitelna   4.490             EUR   61.010
Deutsche Bank Luxembo  1.560 10/6/2028   EUR   73.462
Spain Government Bond  1.90010/31/2052   EUR   63.941
Cie de Saint-Gobain S  3.00012/23/2049   EUR   72.658
State of Lower Austri  0.460 10/8/2049   EUR   47.995
Ville de Paris         0.75011/30/2041   EUR   61.977
Autonomous Community   1.900 5/24/2039   EUR   75.246
Kardan NV              6.325 2/21/2021   ILS #N/A N/A
Centre Hospitalier Re  0.800 6/28/2041   EUR   62.797
Die Schweizerische Po  0.18012/14/2061   CHF   58.205
Land Berlin            0.500 6/19/2047   EUR   53.266
NRW Bank               0.650 7/20/2037   EUR   70.763
Romanian Government I  3.375  2/8/2038   EUR   72.720
Kommunekredit          0.86911/12/2043   SEK   61.515
Grand Delta Habitat    1.500  6/2/2045   EUR   60.361
Landesbank Baden-Wuer  1.300 6/21/2049   EUR   54.436
Rena GmbH              7.00012/15/2015   EUR    0.054
National Grid Electri  1.541 12/1/2053   GBP   70.785
Credit Agricole SA     3.750  6/9/2040   AUD   64.762
Thames Water Utilitie  1.819 8/28/2049   GBP   65.354
Region de Bruxelles-C  1.400 3/11/2054   EUR   51.782
Bayerische Landesbank  3.500 7/28/2036   EUR   70.229
Ukraine Government Bo 11.720 7/30/2025   UAH   71.179
DZ HYP AG              1.43010/26/2046   EUR   66.816
Land Berlin            0.625 8/25/2036   EUR   73.698
Communaute Francaise   1.581 1/23/2120   EUR   45.404
Bayerische Landesbank  1.850  3/5/2031   EUR   72.918
Region de Bruxelles-C  1.100 6/22/2066   EUR   41.608
Nederlandse Waterscha  1.77012/23/2047   EUR   75.297
Affinity Water Financ  0.23011/22/2042   GBP   61.187
Landesbank Hessen-Thu  0.75012/17/2035   EUR   67.062
Liga Bank eG Regensbu  0.010 1/29/2036   EUR   64.916
Land Thueringen        0.125 1/13/2051   EUR   42.464
Region Hauts-de-Franc  0.691  7/9/2042   EUR   59.495
La Banque Postale Hom  0.640 1/27/2042   EUR   62.789
Mondelez Internationa  1.250  9/9/2041   EUR   66.363
Hypo Vorarlberg Bank   1.590 8/25/2050   EUR   51.030
Maxeda DIY Holding BV  5.875 10/1/2026   EUR   70.985
Chelyabinsk Pipe Plan  4.500 9/19/2024   USD   60.728
Comunidad Foral de Na  2.100 4/30/2044   EUR   70.699
State of Brandenburg   0.50011/21/2039   EUR   65.892
Thames Water Utilitie  1.846 8/28/2047   GBP   68.210
Thames Water Utilitie  1.846 8/28/2047   GBP   67.037
VST Building Technolo  7.000 6/28/2024   EUR    0.150
Societe Generale SA   15.760 8/13/2026   USD   54.100
Kommunekredit          2.200 9/27/2041   AUD   60.261
State of Brandenburg   0.375 1/29/2035   EUR   74.879
Agence France Locale   2.550 3/20/2036   AUD   70.861
Bayerische Landesbank  1.820 3/12/2031   EUR   72.434
Caisse des Depots et   0.91311/20/2050   EUR   49.601
Romanian Government I  2.625 12/2/2040   EUR   61.507
Gazprom PJSC via Gaz   1.500 2/17/2027   EUR   61.981
Land Berlin            0.625 7/15/2039   EUR   67.842
State of Rhineland-Pa  0.375  4/1/2041   EUR   61.969
Societe Generale SA    1.100 2/20/2034   EUR   73.373
DZ HYP AG              0.300 8/21/2035   EUR   69.824
Basque Government      2.350 4/11/2049   EUR   71.524
Air Berlin Finance BV  8.500  3/6/2019   EUR    0.278
Deutsche Bank AG       2.825 2/25/2043   EUR   71.016
Ukraine Government In 12.520 5/13/2026   UAH   73.826
Natixis SA             2.71910/25/2032   AUD   74.260
HSBC Bank PLC         10.30012/20/2024   TRY   74.700
Deutsche Pfandbriefba  0.613 9/30/2032   EUR   63.889
Hypo Vorarlberg Bank   6.125             EUR   73.850
Anselma Issuer SA      1.57412/31/2038   EUR   31.230
Zurcher Kantonalbank   9.000  5/8/2024   EUR   63.790
Telia Co AB            3.000 9/25/2064   EUR   72.895
Landeskreditbank Bade  1.862  4/6/2062   EUR   70.552
Cooperatieve Rabobank  1.099 6/28/2051   EUR   58.754
State of Saxony-Anhal  1.223  5/4/2046   EUR   70.541
Cie de Financement Fo  0.900 7/18/2058   EUR   49.925
Region de Bruxelles-C  1.813 1/22/2048   EUR   68.018
Caisse des Depots et   1.81511/27/2048   EUR   67.262
SpareBank 1 SMN        1.000  7/3/2034   EUR   74.062
Santander Consumer Ba  9.520             NOK   58.596
Region Auvergne-Rhone  1.090  4/8/2037   EUR   72.527
BPCE SFH SA            1.229 4/12/2049   EUR   60.850
State of North Rhine-  1.850 3/18/2089   EUR   55.210
Arkea Home Loans SFH   1.534 3/31/2043   EUR   73.232
Landesbank Hessen-Thu  1.000 7/15/2060   EUR   48.464
Deutsche Pfandbriefba  4.120 11/3/2031   EUR   51.173
Malta Government Bond  2.400 8/13/2052   EUR   69.752
O1 Properties Finance  0.500 9/27/2028   USD    5.261
Vasakronan AB          1.130 5/27/2042   JPY   68.173
Frigate Luxembourg SA  2.000  8/1/2032   EUR   51.720
Praktiker AG           5.875 2/10/2016   EUR    0.001
Thames Water Utilitie  1.771 8/28/2057   GBP   60.195
Pescanova SA           5.125 4/20/2017   EUR    1.246
German Real Estate Ca  3.000             EUR   70.500
Landesbank Baden-Wuer 10.000 1/26/2024   EUR   33.490
Vajda-Papir Gyarto Ke  3.500 5/17/2031   HUF   73.400
State of North Rhine-  1.960 1/24/2079   EUR   65.980
BOA Offshore AS        0.409 7/17/2047   NOK    4.769
Regie Autonome des Tr  0.640 8/13/2041   EUR   61.446
Nederlandse Waterscha  1.610 12/4/2052   EUR   67.638
Aareal Bank AG         0.30012/11/2030   EUR   70.783
BNG Bank NV            0.630 7/11/2067   EUR   38.011
Caisse des Depots et   1.000 2/26/2051   EUR   50.797
Malta Government Bond  1.400 8/20/2046   EUR   58.010
Caisse des Depots et   0.930 11/9/2050   EUR   49.915
Agence Francaise de D  1.95411/13/2053   EUR   69.098
Nederlandse Waterscha  1.370 3/23/2065   EUR   54.197
Ville de Paris         1.165  6/9/2053   EUR   51.939
Santander Internation  1.365 1/28/2061   EUR   51.385
Republic of Ireland I  2.045 3/22/2075   EUR   72.772
Societe Nationale SNC  2.503 1/14/2041   AUD   62.319
Vasakronan AB          2.400 6/20/2044   SEK   72.554
Republic of Ireland I  0.835  7/8/2080   EUR   39.868
Portugal Obrigacoes d  1.150 4/11/2042   EUR   67.043
National Grid Electri  3.350 6/10/2036   AUD   72.287
Landesbank Baden-Wuer  0.590 12/7/2035   EUR   64.190
National Grid Electri  1.823 5/26/2056   GBP   75.456
Hemso Fastighets AB    1.460  7/7/2042   JPY   74.679
State of Lower Austri  0.40010/13/2050   EUR   45.634
National Grid Electri  2.22612/19/2039   GBP   62.246
Region Occitanie       0.83411/22/2045   EUR   56.054
Societe Generale SA   13.01011/14/2024   USD   26.100
T-Centrum CZ AS       11.40010/30/2024   CZK   65.220
UBS AG/London         16.300  1/8/2024   EUR   29.320
Landesbank Hessen-Thu  2.00011/25/2036   EUR   63.650
Espirito Santo Financ  5.125 5/30/2016   EUR    0.147
Russian Foreign Bond   5.875 9/16/2043   USD   62.539
Kuntarahoitus Oyj      1.200 7/21/2061   EUR   61.487
RENE LEZARD Mode GmbH  7.25011/25/2017   EUR    0.151
COFIDUR SA             0.10012/31/2024   EUR   30.400
National Grid Electri  1.584 7/28/2056   GBP   70.662
Muenchener Hypotheken  1.495 10/5/2050   EUR   65.314
Kreditanstalt fuer Wi  1.087 1/21/2050   EUR   62.635
Republic of Ireland I  2.000 6/29/2064   EUR   68.672
Muenchener Hypotheken  1.300  5/7/2061   EUR   54.469
Agence Francaise de D  1.95511/21/2053   EUR   69.491
United Utilities Wate  0.387 10/5/2057   GBP   45.892
DZ Bank AG Deutsche Z  1.055 3/11/2031   EUR   71.367
Barclays Bank PLC      3.900 2/15/2042   AUD   65.125
Deutsche Bahn Finance  1.520  7/3/2035   SEK   75.251
Societe Generale SA    5.05011/25/2036   USD   48.321
State of Bremen        0.500  5/6/2041   EUR   62.621
Kingdom of Belgium Go  2.750 6/10/2071   USD   59.563
Republic of Ireland I  1.250 10/8/2121   EUR   43.279
Danske Bank A/S        0.91010/17/2039   JPY   72.372
Lukoil Capital DAC     3.60010/26/2031   USD   72.000
BAE Systems PLC        3.000 9/15/2050   USD   65.123
Deutsche Pfandbriefba  0.857 9/18/2037   EUR   62.560
Minicentrales Dos SA   0.010  6/6/2047   EUR   66.375
A-TEC Industries AG    2.750 5/10/2014   EUR    0.100
United Utilities Wate  1.591 9/25/2056   GBP   71.677
Agrokor dd             8.875  2/1/2020   USD   15.000
DEPFA PLC              4.234 1/26/2034   EUR    0.010
CBo Territoria         3.750  7/1/2024   EUR #N/A N/A
AKB Peresvet ZAO       0.510 6/23/2021   RUB   28.000
Banque Cantonale Vaud 17.050  6/6/2024   CHF   69.110
Banco Santander SA     0.010 10/1/2032   EUR   72.463
DZ Bank AG Deutsche Z  0.330 8/18/2033   EUR   75.320
Kommunekredit          1.062  9/9/2041   EUR   70.186
Lloyds Bank PLC        2.637 1/16/2040   AUD   65.378
Grand Delta Habitat    1.500  9/1/2049   EUR   56.863
UBS Group AG           2.490  3/4/2036   USD   70.109
Renovables Atlasol SA  2.20012/31/2038   EUR   72.091
Caisse des Depots et   0.39812/15/2050   EUR   42.451
Saechsische Aufbauban  0.300 2/18/2042   EUR   56.660
UniCredit SpA          1.49010/23/2035   EUR   73.612
State of Brandenburg   0.125 1/26/2046   EUR   49.987
Canton of Neuchatel    0.350 7/14/2050   CHF   76.353
Hypo Vorarlberg Bank   1.520  7/8/2050   EUR   50.216
Region de Bruxelles-C  0.765 7/15/2052   EUR   44.609
Kommunalkredit Austri  1.183  6/2/2031   EUR   74.209
SNCF Reseau            2.777 7/29/2115   EUR   70.387
Bayerische Landesbank  3.55010/14/2036   EUR   71.535
Morhomes PLC           2.508 2/19/2051   GBP   53.413
Republic of Ireland I  1.21010/27/2111   EUR   42.712
Lehman Brothers Treas  5.637 11/2/2035   EUR    0.100
BNP Paribas SA         1.15011/20/2034   EUR   75.300
SAG Solarstrom AG      7.500 7/10/2017   EUR   31.000
Barclays Bank PLC      9.260 11/8/2024   USD    9.890
Luzerner Kantonalbank 16.710 7/17/2024   CHF   73.470
SunDell Estate Nyrt    3.25011/12/2030   HUF   68.000
Credit Suisse AG/Lond  7.000 5/16/2024   CHF   62.940
Republic of Ireland I  1.230 6/23/2121   EUR   42.373
State of Saxony-Anhal  2.250  7/3/2028   EUR   60.000
Axial Javito Keresked  2.000 9/23/2030   HUF   69.631
ABN AMRO Bank NV       1.425 4/17/2045   EUR   66.748
Steilmann SE           7.000  3/9/2017   EUR    1.429
Turkiye Government Bo 12.600 10/1/2025   TRY   69.800
Banco Santander SA     2.280 2/28/2039   EUR   75.225
Nederlandse Waterscha  1.77012/28/2048   EUR   72.463
Ile-de-France Mobilit  1.200  4/8/2050   EUR   55.651
Region de Bruxelles-C  0.453 12/7/2055   EUR   35.293
SCF Capital Designate  3.850 4/26/2028   USD   65.723
UBS Group AG           2.300 12/3/2035   AUD   64.171
UBS AG/London          2.35012/17/2048   EUR   74.222
DZ Bank AG Deutsche Z  1.070 10/6/2042   EUR   66.788
Stadt Graz             1.82410/31/2047   EUR   71.231
Ministeries Van de Vl  0.40011/20/2043   EUR   53.711
Santander Internation  1.150  4/8/2041   EUR   63.894
State of Brandenburg   0.050 8/10/2040   EUR   58.777
Raiffeisen Bank Inter  0.370  2/3/2033   EUR   66.696
Batigere Grand Est SA  2.030 5/29/2070   EUR   68.374
Arkea Public Sector S  1.642 5/18/2043   EUR   73.487
Thomas Cook Group PLC  6.250 6/15/2022   EUR    0.688
Landesbank Hessen-Thu  0.75010/21/2033   EUR   71.860
Realkredit Danmark A/  0.500 10/1/2050   DKK   64.872
Region Occitanie       0.79211/23/2043   EUR   58.479
Credit Suisse AG/Lond 28.000 9/23/2024   USD    2.550
UBS AG/London          9.000 7/26/2024   CHF   72.250
MBH Mortgage Bank Co   3.000 1/28/2036   HUF   57.900
UBS AG/London          7.09010/18/2024   USD    9.930
VTB Bank PJSC          9.895             USD   55.100
MBH Mortgage Bank Co   3.000 8/21/2030   HUF   71.930
Societe Du Grand Pari  0.57610/29/2052   EUR   41.041
NRW Bank               0.106 8/17/2050   EUR   41.552
Region Bourgogne-Fran  0.397 12/3/2045   EUR   49.592
DZ Bank AG Deutsche Z  0.420 2/17/2033   EUR   72.860
Caisse des Depots et   1.015 7/22/2050   EUR   52.879
Bazalgette Finance Pl  0.074 5/16/2049   GBP   60.555
State of Saxony-Anhal  1.808 5/15/2048   EUR   74.761
Ville de Paris         0.963  6/8/2050   EUR   51.081
DZ Bank AG Deutsche Z  0.190 1/14/2031   EUR   75.059
Kingdom of Belgium Go  0.675  7/7/2080   EUR   33.718
City of Amsterdam Net  1.515 2/26/2044   EUR   72.635
Hemso Fastighets AB    2.127 4/18/2039   EUR   67.927
Aktia Bank Oyj         0.800 2/26/2036   EUR   69.405
Region Nouvelle-Aquit  0.81411/22/2044   EUR   57.252
Caisse des Depots et   1.365 11/2/2051   EUR   56.383
Batigere Grand Est SA  1.61010/23/2040   EUR   68.238
Credit Suisse AG/Lond  9.000 4/22/2024   USD   36.940
UBS AG/London          8.25011/19/2026   EUR   54.900
Nestle Hungaria Kft    1.750 5/31/2028   HUF   74.500
MVM Energetika Zrt     3.250  9/3/2031   HUF   70.000
Metal Hungaria Holdin  3.00011/17/2030   HUF   63.500
DZ Bank AG Deutsche Z  7.250 6/28/2024   EUR   70.240
Duna Aszfalt Ut Es Me  2.99010/17/2029   HUF   61.000
Region Wallonne Belgi  1.246 5/12/2070   EUR   45.397
Orient Express Bank P  2.000             USD   11.881
Landesbank Hessen-Thu  0.750 8/18/2036   EUR   65.845
City of Gothenburg Sw  1.990 2/20/2045   SEK   74.647
State of Saxony-Anhal  0.475 9/30/2050   EUR   50.079
Deutsche Pfandbriefba  0.906  3/4/2050   EUR   57.441
Kreditanstalt fuer Wi  0.620 1/14/2050   EUR   52.785
FNG Benelux Holding N  5.000 8/28/2023   EUR    1.013
Region de Bruxelles-C  0.59212/10/2061   EUR   33.148
Region Bourgogne-Fran  0.270 12/7/2035   EUR   66.218
Lloyds Bank PLC        2.450 7/23/2048   EUR   70.314
United Utilities Wate  0.359 10/5/2048   GBP   54.798
Department of Gironde  0.41811/12/2041   EUR   57.176
Landesbank Hessen-Thu  0.900 5/12/2036   EUR   67.765
Regie Autonome des Tr  0.875 8/18/2080   EUR   35.319
Landesbank Hessen-Thu  1.150 6/23/2036   EUR   69.866
Landesbank Baden-Wuer  1.050 7/17/2034   EUR   71.000
Region Hauts-de-Franc  0.402 2/18/2043   EUR   54.504
Kingdom of Belgium Go  1.170 5/12/2121   EUR   38.814
Regie Autonome des Tr  0.953 5/24/2052   EUR   52.491
Region de Bruxelles-C  1.00010/29/2059   EUR   41.708
Citigroup Global Mark  1.230 8/20/2039   EUR   66.901
Malta Government Bond  1.800 8/28/2051   EUR   60.325
Agence Francaise de D  2.30210/25/2044   USD   62.384
Region de Bruxelles-C  0.28310/24/2033   EUR   71.481
Kreditanstalt fuer Wi  0.788 11/4/2039   EUR   66.861
United Utilities Wate  1.43511/21/2056   GBP   69.083
Credit Agricole Corpo  1.81511/30/2033   USD   69.447
BNP Paribas Issuance   2.420 1/30/2034   EUR   44.710
Parnassia Groep BV     1.260 12/3/2046   EUR   73.721
Ukraine Government In  9.790 5/26/2027   UAH   62.648
Futureal Development   3.50011/16/2036   HUF   55.000
Cordia International   3.000 7/27/2030   HUF   67.000
ArmSwissBank CJSC      6.000  6/1/2026   USD    0.000
Rosselkhozbank JSC     0.01012/24/2023   RUB   65.000
Lloyds Bank PLC        2.450  2/1/2049   EUR   70.107
Aareal Bank AG         2.783 5/18/2037   EUR   72.362
Malta Government Bond  1.200 5/13/2037   EUR   72.535
Kreditanstalt fuer Wi  1.171 7/19/2051   EUR   62.427
Ukraine Government In  7.750  9/1/2029   USD   27.536
UniCredit Bank AG      0.31010/15/2035   EUR   69.617
Ville de Paris         0.758 8/20/2060   EUR   38.149
Bazalgette Finance Pl  0.010  8/5/2036   GBP   71.748
Regie Autonome des Tr  1.820 7/18/2048   EUR   67.855
Anglian Water Service  0.85012/23/2040   JPY   72.265
Nomura Bank Internati  1.175  7/8/2033   EUR   71.688
LR Realkredit AS       1.000 10/1/2050   DKK   68.673
BPCE SA                2.250 3/13/2040   AUD   54.447
Saastopankkien Keskus  0.975 8/18/2034   EUR   73.428
Santander Internation  1.320  8/8/2039   EUR   68.919
Region de Bruxelles-C  1.065 6/22/2047   EUR   56.052
Region de Bruxelles-C  1.419 6/22/2045   EUR   65.952
Barclays Bank PLC      1.340  2/1/2051   EUR   54.370
Banque Internationale  1.300 1/15/2041   EUR   62.983
La Banque Postale Hom  1.623 2/13/2042   EUR   73.757
Kuntarahoitus Oyj      0.040  2/9/2034   EUR   73.697
Hacienda Investments   5.350  2/8/2028   USD   57.361
Region de Bruxelles-C  0.650 2/15/2061   EUR   34.836
Kingdom of Belgium Go  0.558 9/24/2077   EUR   31.966
Espirito Santo Financ  4.87810/27/2024   EUR    0.152
Citigroup Global Mark  1.150 9/19/2039   EUR   65.580
Severn Trent Utilitie  1.566  2/1/2058   GBP   69.399
United Kingdom Inflat  0.250 3/22/2052   GBP   74.164
Deutsche Lichtmiete F  5.750  1/1/2023   EUR    5.010
Zurcher Kantonalbank  17.300 4/19/2024   USD   58.580
Joh Friedrich Behrens  7.75011/11/2020   EUR    8.111
Vontobel Financial Pr 14.300 8/21/2024   USD   73.840
UniCredit Bank AG      7.500 5/16/2024   EUR   73.620
Ville de Paris         0.850  8/4/2051   EUR   48.698
Communaute Francaise   1.040 7/19/2101   EUR   42.562
Cooperatieve Rabobank  0.500 8/21/2028   MXN   62.294
Landesbank Baden-Wuer  0.660 7/14/2036   EUR   63.327
Region de Bruxelles-C  1.225 6/21/2070   EUR   40.556
Ville de Paris         0.464 8/20/2040   EUR   60.797
Assistance Publique H  0.683 3/19/2041   EUR   61.841
Ukraine Government Bo  9.700  6/7/2028   UAH   51.069
Renovables Atlasol SA  2.20012/31/2038   EUR   72.091
Vasakronan AB          1.700 6/28/2044   EUR   33.884
Republic of Ireland I  2.000 6/29/2063   EUR   70.054
State of Lower Austri  0.55011/13/2080   EUR   28.785
Credito Padano Banca   3.100             EUR   36.337
Natixis SA             2.700 5/18/2036   USD   73.431
Caisse Francaise de F  0.865 2/17/2042   EUR   63.765
DZ Bank AG Deutsche Z  0.200 10/2/2034   EUR   66.148
Santander Internation  2.770  7/2/2035   USD   70.495
Landshypotek Bank AB   1.815 2/25/2041   SEK   73.501
Penarian Housing Fina  3.212  6/7/2052   GBP   68.202
Land Baden-Wuerttembe  1.150  4/5/2049   EUR   64.265
Muenchener Hypotheken  0.25010/31/2044   CHF   76.026
Region de Bruxelles-C  1.016 9/23/2057   EUR   43.569
Kommunekredit          1.336 10/1/2032   AUD   71.625
United Utilities Wate  1.70211/21/2057   GBP   73.407
VTB Bank OJSC Via VTB  6.250 6/30/2035   USD   23.335
Region de Bruxelles-C  1.05311/14/2059   EUR   42.659
Depfa Funding III LP   3.062             EUR   54.198
Elli Investments Ltd  12.250 6/15/2020   GBP   52.250
Mox Telecom AG         7.250 11/2/2017   EUR    2.270
Zurcher Kantonalbank  10.00010/25/2024   CHF   66.700
SG Issuer SA           0.021 8/15/2033   EUR   55.870
Abroncs Kereskedohaz   2.80012/17/2027   HUF   74.000
Russian Federal Bond   0.250 7/20/2044   RUB   15.000
Landesbank Baden-Wuer 15.000 2/23/2024   EUR   69.880
Kreditanstalt fuer Wi  1.270 6/29/2051   EUR   64.442
Virgolino de Oliveira 10.875 1/13/2020   USD   36.000
Muenchener Hypotheken  1.185  5/5/2059   EUR   53.711
Nederlandse Waterscha  1.870 11/8/2057   EUR   70.976
Kommunekredit          2.180 7/16/2040   AUD   60.553
Serbia Treasury Bonds  2.300 3/18/2047   EUR   57.148
Federal Grid Co - Ros  7.000 6/30/2048   RUB   55.000
LFA Foerderbank Bayer  0.050 9/29/2034   EUR   72.613
Region Wallonne Belgi  1.040 5/28/2040   EUR   63.784
Region Auvergne-Rhone  0.650 5/18/2038   EUR   65.736
DNB Boligkreditt AS    1.53012/21/2043   EUR   70.737
Kreditanstalt fuer Wi  1.267 3/22/2051   EUR   64.942
Metropole de Lyon      0.50012/28/2049   EUR   45.085
Region Wallonne Belgi  1.805 1/24/2040   EUR   72.608
Slovenska Sporitelna   4.820             EUR   63.925
Kreditanstalt fuer Wi  1.175 4/14/2051   EUR   63.320
State of Saarland      0.500 3/15/2051   EUR   49.158
Sovcombank Via SovCom  3.400 1/26/2025   USD    3.095
Ministeries Van de Vl  0.875  6/3/2045   EUR   54.518
Centre Hospitalier de  1.580 2/11/2061   EUR   70.670
Region de Bruxelles-C  0.640 7/20/2045   EUR   52.799
Cooperatieve Rabobank  1.460  6/1/2040   EUR   73.317
State of North Rhine-  1.467 6/12/2045   EUR   71.154
Region Auvergne-Rhone  0.543 9/28/2036   EUR   67.100
United Utilities Wate  0.010 9/30/2036   GBP   72.984
BNP Paribas SA         2.72012/12/2034   AUD   65.786
Nederlandse Waterscha  0.996 11/4/2049   EUR   59.246
Hemso Fastighets AB    1.13010/31/2039   EUR   62.945
Specialfastigheter Sv  1.280 9/20/2049   SEK   56.309
Assistance Publique H  1.502  5/9/2044   EUR   68.442
Solarwatt GmbH         7.000 11/1/2015   EUR   15.500
Batigere Grand Est SA  1.60011/14/2039   EUR   70.041
Kreditanstalt fuer Wi  1.00010/20/2050   EUR   60.254
MOL Hungarian Oil & G  1.900 4/12/2031   HUF   66.700
UniCredit Bank AG      0.900 3/24/2036   EUR   67.930
SALVATOR Vermoegensve  9.500             EUR    7.900
UBS AG/London         21.600  8/2/2027   SEK   60.480
Vontobel Financial Pr  8.200 4/26/2024   EUR   73.240
Vasutvillamosito Kft   3.000  2/3/2031   HUF   65.000
Region de Bruxelles-C  1.28612/17/2046   EUR   57.126
Republic of Ireland I  1.020 9/10/2086   EUR   42.725
Deutsche Pfandbriefba  0.710 9/10/2031   EUR   68.357
Raiffeisen-Landesbank  1.470  5/3/2069   EUR   50.892
National Grid Electri  2.920 9/30/2044   AUD   57.661
Batigere Grand Est SA  1.50012/15/2051   EUR   55.304
HSBC Bank PLC          2.102 1/30/2047   EUR   69.343
Grupo Isolux Corsan S  1.00012/30/2021   EUR    0.157
SNCF Reseau            2.303 7/11/2067   EUR   65.352
Landeskreditbank Bade  1.017 3/15/2061   EUR   53.113
Oberoesterreichische   0.285 11/6/2042   EUR   53.327
Ville de Paris         0.831 2/23/2056   EUR   43.878
NRW Bank               0.550 7/23/2035   EUR   74.568
Agence France Locale   0.586 6/20/2034   EUR   73.451
Region de Bruxelles-C  1.750 1/17/2048   EUR   68.172
Metropole de Lyon      0.466 12/7/2046   EUR   49.000
State of Rhineland-Pa  0.375 7/20/2048   EUR   50.643
Muenchener Hypotheken  0.550 2/18/2046   CHF   72.507
Landeskreditbank Bade  1.025  4/1/2061   EUR   53.406
BPCE SFH SA            1.512 4/20/2043   EUR   70.493
Belfius Bank SA        1.561 4/27/2043   EUR   72.534
Nederlandse Waterscha  2.010  5/3/2058   EUR   74.337
Credit Agricole Corpo  1.300  2/2/2061   EUR   50.241
Assistance Publique H  1.800 4/10/2048   EUR   67.754
Goldman Sachs Interna  2.300 5/25/2037   EUR   74.471
Tonon Luxembourg SA    9.250 1/24/2020   USD    0.586
DZ Bank AG Deutsche Z  1.850 2/19/2049   EUR   71.793
Landshypotek Bank AB   1.680 1/20/2042   SEK   70.852
Nomura Bank Internati  1.415 1/27/2042   EUR   64.570
Morgan Stanley & Co I  1.105 6/18/2041   EUR   63.488
Autonomous Community   1.515 6/21/2051   EUR   54.937
Landesbank Hessen-Thu  1.650 5/27/2030   EUR   42.066
Region Wallonne Belgi  1.150  9/2/2120   EUR   33.548
DZ Bank AG Deutsche Z  1.250 9/30/2060   EUR   53.043
Vasakronan AB          2.050 5/28/2044   EUR   37.560
Region Wallonne Belgi  1.13510/10/2069   EUR   44.291
Republic of Ireland I  1.32011/28/2119   EUR   38.002
State of Hesse         0.100 10/1/2037   EUR   65.973
Sibur Securities DAC   3.450 9/23/2024   USD   74.293
Region de Bruxelles-C  1.036  1/7/2060   EUR   42.249
Luminis SA             1.800  9/2/2059   EUR   43.366
Deutsche Bank AG       2.01012/10/2052   EUR   53.635
Luzerner Kantonalbank  5.10010/16/2026   USD   59.590
Raiffeisen Switzerlan  7.750 7/21/2025   CHF   72.220
Credit Suisse AG/Lond 24.000 3/22/2024   USD   70.910
Autonomous Community   1.646 7/30/2060   EUR   50.194
Phosphorus Holdco PLC 10.000  4/1/2019   GBP    0.500
Gebr Sanders GmbH & C  8.75010/22/2018   EUR    9.375
MOL Hungarian Oil & G  1.100 9/22/2030   HUF   58.500
Mifa Mitteldeutsche F  7.500 8/12/2018   EUR    1.505
Micro Small & Medium   6.900 8/28/2026   USD   57.891
Nederlandse Waterscha  1.675 4/26/2046   EUR   72.852
Phosagro OAO Via Phos  2.600 9/16/2028   USD   66.488
State of Lower Austri  1.000 9/15/2121   EUR   31.325
United Kingdom Gilt    1.500 7/22/2047   GBP   54.993
Deutsche Pfandbriefba  3.100  9/7/2046   USD   72.135
Kuntarahoitus Oyj      1.150 9/24/2051   EUR   65.903
Bayerische Landesbank  0.770 6/18/2032   EUR   73.076
BNG Bank NV            1.04011/28/2047   EUR   60.235
Department of Bouches  0.432  2/1/2046   EUR   49.838
Bazalgette Finance Pl  0.74011/30/2042   GBP   75.194
Grenke Finance PLC     0.819 2/15/2030   EUR   67.678
Caisse des Depots et   2.766  8/9/2049   USD   63.997
Communaute Francaise   1.397 7/18/2059   EUR   51.621
Vasakronan AB          2.162  5/4/2040   SEK   69.381
Societe Nationale SNC  2.820 4/28/2036   AUD   73.239
Wirtschafts- und Infr  0.20012/14/2045   EUR   49.152
ING Bank NV            0.465 4/21/2041   EUR   63.700
Basque Government      2.000 4/30/2059   EUR   60.158
Kreditanstalt fuer Wi  0.91810/11/2050   EUR   58.832
DNB Boligkreditt AS    1.634 2/13/2043   EUR   73.186
Centre Hospitalier Re  1.500 4/27/2050   EUR   74.555
Goldman Sachs Interna  2.500 7/26/2048   EUR   72.381
FLUVIUS System Operat  0.810  4/8/2033   EUR   72.364
DZ Bank AG Deutsche Z  1.20011/25/2050   EUR   54.802
Ministeries Van de Vl  0.60011/19/2055   EUR   39.736
Nederlandse Waterscha  1.650 5/27/2061   EUR   62.492
CDC Habitat SEM        1.060 5/22/2036   EUR   71.777
Nationale-Nederlanden  1.432 3/21/2039   EUR   75.337
Region Wallonne Belgi  0.638 6/21/2047   EUR   48.637
Agence Francaise de D  1.656  4/4/2054   EUR   64.018
Nykredit Realkredit A  1.000 10/1/2050   DKK   72.787
Vasakronan AB          1.000 6/15/2041   EUR   28.530
Bankinter SA           1.200  6/5/2035   EUR   75.314
Communaute Francaise   1.187 9/16/2069   EUR   51.810
Specialfastigheter Sv  1.180 12/2/2044   SEK   59.298
Caisse des Depots et   1.075 9/15/2050   EUR   52.482
Severn Trent Utilitie  1.457  8/1/2058   GBP   67.246
Severn Trent Utilitie  1.501  8/1/2058   GBP   68.511
National Grid Electri  1.797 7/14/2056   GBP   75.231
Societe Generale SA    3.920 12/9/2036   AUD   70.177
IT Holding Finance SA  9.87511/15/2012   EUR    0.015
Commune de Marseille   1.07911/19/2046   EUR   58.314
Bank Vontobel AG      18.000 6/28/2024   CHF   53.500
AutoWallis Nyrt        3.000 7/27/2031   HUF   70.100
Epito-Es Epuletkarban  3.00011/11/2030   HUF   65.500
VTB Bank PJSC         16.750             RUB   70.750
Landesbank Hessen-Thu  1.50011/17/2036   EUR   67.200
Rosseti Kuban PJSC    10.44011/21/2025   RUB   80.000
SG Issuer SA           2.10012/27/2033   EUR   45.060
Societe Generale SA    8.000 8/18/2026   USD   69.000
UBS AG/London         12.000 4/24/2025   USD   62.830
Region de Bruxelles-C  1.31012/15/2069   EUR   42.531
SG Issuer SA           0.100 6/11/2029   NZD   72.186
Nederlandse Waterscha  1.55111/24/2061   EUR   62.681
Sveriges Sakerstallda  1.378 7/13/2046   SEK   65.829
Landesbank Hessen-Thu  2.400 3/22/2052   EUR   68.546
Region de Bruxelles-C  0.900 6/28/2046   EUR   53.126
Region de Bruxelles-C  1.036 6/29/2049   EUR   50.143
Belfius Bank SA        1.296 2/20/2040   EUR   71.197
Region Occitanie       0.766 10/7/2041   EUR   61.849
State of North Rhine-  1.641 8/11/2066   EUR   60.604
Cooperatieve Rabobank  1.430  9/1/2036   EUR   72.995
State of Hesse         0.375  4/9/2040   EUR   62.138
DZ Bank AG Deutsche Z  1.84012/21/2048   EUR   71.370
UBS Group AG           2.370 2/25/2036   USD   68.964
United Utilities Wate  1.474 8/24/2031   USD   72.917
Assistance Publique H  0.800 3/23/2046   EUR   55.062
Region Wallonne Belgi  2.070 8/27/2049   EUR   70.267
Centre Hospitalier Un  1.160  9/6/2039   EUR   64.580
Ville de Paris         0.39512/18/2045   EUR   48.514
Region de Bruxelles-C  0.930  5/3/2051   EUR   49.095
Nederlandse Waterscha  0.932 12/2/2060   EUR   47.704
Autonomous Community   1.65510/31/2050   EUR   58.697
Assistance Publique H  1.81011/17/2043   EUR   72.571
Communaute Francaise   1.787 6/14/2044   EUR   69.278
Lloyds Bank PLC        2.450 7/20/2048   EUR   70.260
DZ Bank AG Deutsche Z  0.35011/10/2042   EUR   58.862
Santander Consumer Ba  9.520             NOK   61.217
Nordea Hypotek AB      2.25010/15/2048   SEK   76.534
Deutsche Pfandbriefba  0.50011/18/2030   EUR   69.554
Kreditanstalt fuer Wi  0.400 8/12/2040   EUR   64.360
Caisse des Depots et   1.902 9/11/2048   EUR   68.528
Landesbank Hessen-Thu  1.150  3/9/2037   EUR   69.081
Republic of Ireland I  1.230  6/1/2120   EUR   42.741
City of Hanover Germa  1.560  5/3/2048   EUR   71.478
Bausparkasse Wuestenr  0.485 6/25/2040   EUR   60.819
Department of L'Eure   1.110 6/18/2039   EUR   70.412
DZ HYP AG              0.205  6/5/2040   EUR   57.811
Landeskreditbank Bade  0.81212/16/2060   EUR   48.252
Caisse des Depots et   0.916 1/20/2051   EUR   50.058
Region de Bruxelles-C  1.065 6/12/2058   EUR   43.884
Aareal Bank AG         1.850 3/20/2035   EUR   68.734
Region de Bruxelles-C  0.910 1/31/2053   EUR   46.483
Nederlandse Waterscha  0.877 6/24/2054   EUR   50.240
Premium Green PLC      1.63012/30/2030   AUD   73.517
Republic of Ireland I  0.810 7/10/2079   EUR   39.610
Bayerische Landesbank  3.85011/18/2036   EUR   73.954
Agence Francaise de D  1.862 2/25/2054   EUR   67.821
Vasakronan AB          2.130 5/27/2041   SEK   71.028
Landesbank Baden-Wuer  0.880 5/29/2034   EUR   69.895
Lehman Brothers Treas  4.68012/12/2045   EUR    0.100
Caisse des Depots et   2.140 6/19/2045   EUR   74.866
FLUVIUS System Operat  3.00010/27/2044   EUR   75.061
Republic of Ireland I  1.10011/12/2096   EUR   42.002
DZ Bank AG Deutsche Z  2.240 8/22/2034   USD   78.486
Lehman Brothers Treas  5.637 10/5/2035   EUR    0.100
Severn Trent Utilitie  1.523  8/1/2058   GBP   68.697
Commerzbank AG         1.04612/18/2034   EUR   71.767
Sanctuary Capital PLC  2.48111/12/2037   GBP   69.068
Caisse Francaise de F  0.72610/29/2039   EUR   64.905
Agrokor dd             9.125  2/1/2020   EUR   15.000
Zurcher Kantonalbank   8.700 8/14/2024   EUR   65.030
Raiffeisenlandesbank   3.093  6/9/2036   EUR   54.370
Zurcher Kantonalbank  10.000 5/23/2024   CHF   66.160
Societe Generale SA   12.000 7/14/2026   USD   37.000
Raiffeisen Schweiz Ge 18.000  4/3/2024   CHF   54.290
UBS AG/London         26.000 3/22/2024   CHF   24.720
Quintet Private Bank   6.050 5/26/2026   USD   64.640
DZ Bank AG Deutsche Z  2.00012/29/2031   EUR   74.260
Leonteq Securities AG 30.000  2/6/2024   CHF   18.920
Specialfastigheter Sv  1.215 5/14/2035   SEK   73.963
Autonomous Community   1.744  7/1/2061   EUR   49.917
BNP Paribas SA         1.400  6/4/2041   EUR   66.019
Region Wallonne Belgi  1.961 5/22/2045   EUR   71.236
Vorosko Kereskedelmi   4.750 1/25/2032   HUF   70.500
Szinorg Universal zrt  3.000 5/15/2030   HUF   72.144
Banca Popolare di Son  1.59012/30/2035   EUR   74.609
Region Wallonne Belgi  1.272 10/3/2040   EUR   65.946
Credit Bank of Moscow  7.625             USD   25.456
Erste Group Bank AG    1.010 10/7/2041   EUR   56.074
Landesbank Hessen-Thu  1.370 9/22/2031   EUR   69.697
BPCE SA                2.160 10/6/2031   USD   75.914
Bayerische Landesbank  0.80010/16/2036   EUR   62.313
Vasakronan AB          1.77010/26/2033   NOK   72.300
Nederlandse Waterscha  2.000  8/6/2058   EUR   74.680
Batigere Grand Est SA  1.400 8/31/2050   EUR   53.861
Kuntarahoitus Oyj      1.449  3/1/2061   EUR   67.271
Caisse des Depots et   1.780 1/15/2048   EUR   67.361
Banque et Caisse d'Ep  1.270  5/7/2045   EUR   69.570
Region Auvergne-Rhone  0.645  4/9/2040   EUR   61.357
Oberbank AG            2.280 6/22/2038   EUR   71.853
Kuntarahoitus Oyj      0.983 11/3/2060   EUR   57.080
Serbia Treasury Bonds  1.500 3/26/2033   EUR   72.032
Intesa Sanpaolo Bank   3.10211/19/2035   AUD   65.568
Landesbank Saar        0.65011/19/2035   EUR   68.183
Credit Agricole Corpo  2.480 8/18/2050   USD   53.453
Bazalgette Finance Pl  0.174 5/16/2049   GBP   59.066
Cooperatieve Rabobank  1.850 3/29/2049   EUR   61.768
Ministeries Van de Vl  1.053  6/3/2050   EUR   52.568
Region Wallonne Belgi  2.160 2/23/2044   EUR   73.718
Evraz PLC              5.250  4/2/2024   USD   68.119
Bayerische Landesbank  0.400 7/15/2031   EUR   74.744
Tonon Luxembourg SA    9.250 1/24/2020   USD    0.586
United Utilities Wate  0.010 12/9/2036   GBP   72.231
Region Wallonne Belgi  1.000 6/22/2045   EUR   56.934
BNP Paribas SA         1.300 1/28/2037   EUR   70.832
Willhem AB             1.82410/18/2038   SEK   66.283
Kommunekredit          1.700 6/26/2045   EUR   74.392
PJSC Koks via IMH Cap  5.900 9/23/2025   USD    8.614
Landesbank Baden-Wuer  0.570 12/7/2034   EUR   66.292
Land Thueringen        0.200 9/12/2039   EUR   62.693
Barclays Bank PLC      2.325  1/2/2041   USD   72.563
DLR Kredit A/S         0.500 10/1/2050   DKK   71.541
State of Hesse         0.450 9/23/2044   EUR   55.453
Alfa Bank AO Via Alfa  5.900             USD    9.146
United Kingdom Inflat  0.125 3/22/2073   GBP   66.486
Lloyds Bank PLC        1.920 4/16/2044   EUR   66.105
Zurcher Kantonalbank   8.100  2/2/2024   CHF   69.930
Barclays Bank PLC      9.00010/23/2024   USD    9.820
Citigroup Global Mark  3.880  3/2/2026   EUR   65.050
UBS AG/London          7.540  7/3/2024   USD    9.840
UBS AG/London          7.950  7/3/2024   USD    9.880
Societe Generale SA    8.000 9/18/2036   USD   69.400
Zurcher Kantonalbank  12.000 10/4/2024   EUR   71.940
Societe Generale SA   14.40012/14/2023   USD   21.450
ArmSwissBank CJSC      9.000  6/1/2025   AMD    0.000
Vontobel Financial Pr  8.400 12/4/2023   EUR   71.410
Zurcher Kantonalbank  12.500 2/14/2024   CHF   63.310
Landesbank Baden-Wuer  1.500 4/16/2039   EUR   72.230
Zurcher Kantonalbank   8.500 8/19/2024   CHF   56.510
Zurcher Kantonalbank  10.150 8/19/2024   EUR   57.720
VTB Bank PJSC          3.750             EUR   45.000
Credit Suisse AG/Lond 14.30012/15/2023   USD   44.230
Opus Global Nyrt       2.80010/29/2029   HUF   70.000
ArmSwissBank CJSC      6.750 6/15/2024   USD    0.000
ABN AMRO Bank NV       1.070  3/3/2041   EUR   59.482
Credit Agricole Corpo  1.550  9/8/2031   AUD   72.321
Raiffeisen-Landesbank  0.050 9/13/2033   EUR   71.086
Bibby Offshore Servic  7.500 6/15/2021   GBP   11.625
Raiffeisenverband Sal  1.853  2/5/2049   EUR   69.375
Cooperatieve Rabobank  1.300 3/28/2039   EUR   74.321
NIBC Bank NV           0.660 7/14/2031   EUR   74.637
Hypo Vorarlberg Bank   0.500 6/23/2031   EUR   72.390
ASCE Group OJSC        7.000 6/11/2031   USD   60.796
Communaute Francaise   1.115 7/11/2039   EUR   67.025
Sequa Petroleum NV     5.000 4/29/2020   USD   30.250
Pick Szeged Szalamigy  2.000 12/6/2029   HUF   73.890
VTB Bank PJSC          7.600  4/2/2031   RUB   60.010
Ukraine Government Bo 11.900 10/8/2025   UAH   70.091
Belfius Bank SA        1.550 1/28/2039   EUR   75.265
Commerzbank AG         1.430 1/23/2040   EUR   69.625
Parnassia Groep BV     1.470 12/1/2045   EUR   63.148
NRW Bank               0.80010/22/2060   EUR   44.452
Nederlandse Waterscha  1.577 12/9/2039   GBP   64.299
BPCE SFH SA            1.403 1/13/2039   EUR   74.190
Republic of Ireland I  1.230 5/29/2120   EUR   42.527
Kuntarahoitus Oyj      1.005 12/7/2060   EUR   57.296
SG Issuer SA           2.70011/28/2034   ZAR   42.992
Sparkasse Oberoesterr  0.200 3/22/2033   EUR   75.450
Muenchener Hypotheken  1.003  3/9/2060   EUR   49.631
Barclays Bank PLC      3.020 3/26/2051   USD   60.960
Region Provence-Alpes  1.525 6/29/2037   EUR   75.754
Communaute Francaise   2.100 6/30/2067   EUR   64.098
Banque et Caisse d'Ep  0.900  8/6/2042   EUR   67.517
Muenchener Hypotheken  1.010  8/6/2044   EUR   56.696
Goldman Sachs Interna  2.034  7/7/2036   EUR   72.700
Region Auvergne-Rhone  0.697  8/2/2036   EUR   69.974
Muenchener Hypotheken  1.000 6/30/2037   EUR   67.344
Ukraine Government Bo  6.000 9/13/2028   UAH   40.731
Hungary Government Bo  4.000 4/28/2051   HUF   65.107
Deutsche Apotheker-un  1.616 1/15/2038   EUR   69.953
Nordea Eiendomskredit  2.200 6/17/2043   NOK   74.930
Muenchener Hypotheken  0.42012/10/2035   EUR   67.010
Kreditanstalt fuer Wi  1.143 4/15/2050   EUR   63.072
Republic of Ireland I  1.200 4/15/2120   EUR   41.104
Communaute Francaise   1.340  7/1/2054   EUR   54.181
Region Wallonne Belgi  2.100 6/26/2048   EUR   72.415
Communaute Francaise   0.392 1/22/2041   EUR   56.500
Region Auvergne-Rhone  0.805 7/26/2039   EUR   65.542
BPCE SA                2.250 3/13/2040   AUD   54.945
Region of Pays de la   1.70410/23/2040   EUR   72.328
Autonomous Community   0.81010/31/2040   EUR   60.263
Nomura Bank Internati  0.400 11/5/2030   EUR   74.078
BNP Paribas SA         3.660  8/9/2039   AUD   70.134
NRW Bank               1.020  8/1/2049   EUR   55.399
Kuntarahoitus Oyj      1.078  5/6/2039   EUR   75.240
Deutsche Bank AG       2.330 2/11/2043   EUR   65.230
Region Auvergne-Rhone  0.800 5/22/2040   EUR   62.542
Hypo Tirol Bank AG     0.740 5/29/2040   EUR   63.854
Region Auvergne-Rhone  1.150  4/8/2039   EUR   70.001
Barclays Bank PLC      2.50012/29/2032   USD   70.921
Region Wallonne Belgi  1.300 6/16/2068   EUR   45.982
Landesbank Hessen-Thu  1.383 3/28/2042   EUR   71.993
Ministeries Van de Vl  1.874 3/28/2058   EUR   59.041
DZ Bank AG Deutsche Z  0.800 1/21/2041   EUR   64.815
Municipality of Eindh  1.785 5/30/2047   EUR   74.095
Deutsche Bank AG/Lond 14.900 5/30/2028   TRY   54.950
Premium Green PLC      1.63012/30/2030   AUD   73.517
Department of Bouches  1.068 5/21/2048   EUR   56.203
Jyske Realkredit A/S   1.000 10/1/2056   DKK   65.814
DZ Bank AG Deutsche Z  0.625 7/21/2036   EUR   65.360
Purple Protected Asse  1.518 1/25/2061   EUR   66.605
Deutsche Pfandbriefba  1.720  3/7/2042   EUR   75.172
BNP Paribas SA         0.720  7/1/2031   EUR   75.618
Region Auvergne-Rhone  0.49310/23/2037   EUR   65.200
Norddeutsche Landesba  1.09011/15/2043   EUR   67.025
ABN AMRO Bank NV       0.45012/12/2036   EUR   69.321
SCC Power PLC          6.00012/31/2028   USD   52.470
Communaute Francaise   2.350 8/18/2062   EUR   70.384
Natixis SA             2.920  9/5/2039   AUD   59.783
Erste Group Bank AG    1.230 5/29/2033   EUR   74.093
Landesbank Hessen-Thu  0.75011/14/2034   EUR   69.306
Housing & Care 21      3.288 11/8/2049   GBP   67.031
Department of Bouches  0.81012/16/2041   EUR   62.065
Commerzbank AG         1.200 2/25/2036   EUR   73.931
Kreditanstalt fuer Wi  1.07512/20/2049   EUR   62.433
Credit Agricole Corpo  0.650 11/5/2034   EUR   69.931
Credit Agricole SA     6.750 9/29/2042   AUD   73.205
NRW Bank               1.23512/16/2061   EUR   52.520
Raiffeisen-Landesbank  0.18010/10/2034   EUR   69.012
Communaute Francaise   1.367 1/20/2070   EUR   55.952
Commerzbank AG         1.21912/12/2039   EUR   67.847
HSBC Bank PLC         10.30012/10/2024   TRY   75.183
ING Groep NV           0.975 2/14/2034   EUR   74.448
Ile-de-France Mobilit  1.000 12/2/2043   EUR   61.868
Societe Generale SA    1.51012/20/2044   EUR   64.688
EDOB Abwicklungs AG    7.500  4/1/2012   EUR    1.537
Credit Agricole CIB F  0.810 11/1/2033   EUR   72.219
Ukraine Government In 12.520 5/13/2026   UAH   73.826
Northland Resources A  4.00010/15/2020   USD    0.271
Centrosolar Group AG   7.000 2/15/2016   EUR    2.505
BNP Paribas SA         0.50011/16/2032   MXN   39.884
SG Issuer SA           1.500 1/24/2034   EUR   61.150
Societe Generale SA   12.00012/31/2036   USD   64.700
Pongs & Zahn AG        8.500 11/1/2014   EUR    0.010
Credit Suisse AG/Lond 16.30012/26/2023   USD   39.090
DekaBank Deutsche Gir  2.500  2/2/2024   EUR   29.140
UBS AG/London         22.000 3/15/2024   CHF   56.350
Zurcher Kantonalbank  21.750  2/8/2024   CHF   45.450
Leonteq Securities AG 19.000 2/16/2024   CHF   44.370
Leonteq Securities AG 27.00012/22/2023   CHF   46.420
Zurcher Kantonalbank   6.900 5/10/2024   CHF   57.860
Region Occitanie       1.339 3/21/2042   EUR   68.509
State of North Rhine-  1.513 7/27/2065   EUR   58.442
SG Issuer SA           2.100 3/30/2034   EUR   70.280
SG Issuer SA           1.600 4/21/2034   EUR   66.810
BPCE SA                2.730 10/5/2036   AUD   65.104
DZ HYP AG              1.226 8/25/2036   EUR   67.447
Caisse des Depots et   2.345 1/29/2050   AUD   52.179
Agence Francaise de D  2.360 1/30/2045   AUD   56.086
Region Wallonne Belgi  1.240 5/28/2069   EUR   44.271
BNG Bank NV            1.87311/24/2047   EUR   72.661
Basque Government      1.750 4/22/2050   EUR   61.162
Credit Agricole SA     3.610 4/20/2036   AUD   64.926
Land Thueringen        0.250  3/5/2040   EUR   62.057
Cooperatieve Rabobank  2.255 9/20/2047   EUR   69.381
Ville de Paris         0.760 5/25/2066   EUR   35.098
Nederlandse Waterscha  2.030 9/28/2058   EUR   71.147
Raiffeisen-Landesbank  1.380 7/24/2059   EUR   54.360
Nederlandse Waterscha  2.032 1/23/2058   EUR   74.218
Raiffeisen-Landesbank  1.140 4/26/2051   EUR   55.981
Kreditanstalt fuer Wi  0.820 4/15/2050   EUR   58.064
Nederlandse Waterscha  1.955 6/28/2058   EUR   72.637
Hamburgische Investit  0.380 2/24/2042   EUR   61.963
Cooperatieve Rabobank  2.360 9/25/2047   EUR   70.758
National Grid Electri  2.020 3/12/2032   AUD   73.031
Hypo Vorarlberg Bank   0.375 11/4/2030   EUR   73.563
BPCE SA                2.31511/19/2035   AUD   63.611
Autonomous Community   1.08910/31/2049   EUR   51.251
Kuntarahoitus Oyj      1.15511/19/2060   EUR   48.841
French Republic Gover  0.500 6/25/2044   EUR   57.997
Caisse des Depots et   0.945 5/19/2051   EUR   50.890
Land Thueringen        1.127  4/2/2049   EUR   60.649
Region Wallonne Belgi  0.970 6/24/2043   EUR   59.311
Societe Generale SA    2.300 1/28/2036   USD   63.589
BNP Paribas SA         3.750 6/12/2040   AUD   73.827
Ministeries Van de Vl  1.095  6/3/2055   EUR   47.933
Republic of Austria G  0.100 7/10/2040   EUR   60.307
Agence Francaise de D  2.330 2/10/2041   AUD   60.743
Agence Metropolitaine  0.800  7/1/2040   EUR   64.694
State of North Rhine-  1.650 5/16/2047   EUR   72.156
Ministeries Van de Vl  1.39211/12/2041   EUR   66.242
Grand City Properties  2.800 2/25/2039   EUR   68.377
Kreditanstalt fuer Wi  1.115 5/17/2041   EUR   70.303
Deutsche Bank AG       2.267 8/25/2034   EUR   71.614
BNP Paribas SA         1.45011/17/2041   EUR   66.213
NRW Bank               1.245  9/7/2060   EUR   53.625
Citigroup Global Mark  1.010 12/1/2034   EUR   71.812
Caisse des Depots et   3.000 11/8/2051   AUD   59.853
Credit Mutuel Arkea S  1.165 9/23/2039   EUR   65.574
Norske Skogindustrier  7.12510/15/2033   USD    0.010
Lehman Brothers Treas  8.875 1/28/2011   HKD    0.100
Barclays Bank PLC      1.24011/14/2034   EUR   73.941
Landesbank Hessen-Thu  0.850 3/12/2035   EUR   69.496
BNP Paribas SA         1.000 11/5/2036   EUR   67.717
Italy Buoni Poliennal  2.700  3/1/2047   EUR   74.397
Windreich GmbH         6.750  3/1/2015   EUR    4.146
Natixis SA             3.60011/11/2041   AUD   63.157
Batigere Grand Est SA  1.60011/14/2044   EUR   62.432
Kreditanstalt fuer Wi  0.68011/12/2039   EUR   66.240
Barclays Bank PLC      1.988 12/1/2040   USD   70.450
Landesbank Baden-Wuer 10.000 6/28/2024   EUR   65.040
OPUS TIGAZ Gazhalozat  2.800 3/24/2031   HUF   64.000
Societe Generale SA    1.580 9/16/2024   USD    3.650
TKK OOO               10.90012/31/2033   RUB   60.100
UBS AG/London          7.060  5/6/2024   USD    9.940
Leonteq Securities AG 17.000 2/21/2024   CHF   52.290
Corner Banca SA       21.000 2/20/2024   CHF   45.310
Flextronics Internati  3.600 12/6/2031   HUF   70.000
DekaBank Deutsche Gir  6.200 12/7/2023   EUR   69.500
Market Epito Zrt       2.95010/22/2029   HUF   68.000
Credit Suisse AG/Lond  1.400 11/4/2025   CHF   60.610
Dr Wiesent Sozial gGm  7.000             EUR    0.001
ING Bank NV            2.900 6/23/2051   USD   64.530
Bayerische Landesbank  1.100 1/26/2024   EUR   53.430
Alteo Nyrt             2.450 10/8/2031   HUF   70.100
Ukraine Government Bo 11.940 6/24/2026   UAH   66.040
Credit Agricole SA     3.270 10/5/2041   AUD   56.773
Malta Government Bond  1.000 8/23/2035   EUR   74.000
Deutsche Pfandbriefba  1.500 8/25/2041   EUR   73.130
SG Issuer SA           3.00010/10/2034   ZAR   45.124
SG Issuer SA           3.300 9/26/2034   ZAR   46.995
Serbia Treasury Bonds  2.250 2/26/2041   EUR   62.617
Cooperatieve Rabobank  2.940 3/11/2036   AUD   72.033
Agence Francaise de D  1.600 7/25/2043   EUR   71.841
BNG Bank NV            2.020  8/7/2058   EUR   73.450
Kreditanstalt fuer Wi  0.650 2/24/2041   EUR   66.050
Ukraine Government Bo  8.12011/10/2035   UAH   30.663
Department of L'Eure   0.44210/25/2045   EUR   50.425
Hypo-Bank Burgenland   2.010  2/7/2048   EUR   72.281
Region Bourgogne-Fran  0.300 12/3/2040   EUR   57.642
Communaute Francaise   2.105 7/23/2068   EUR   64.462
DZ Bank AG Deutsche Z  0.52011/23/2033   EUR   71.213
Region Wallonne Belgi  2.05710/19/2043   EUR   72.710
Bayerische Landesbode  0.03010/22/2035   EUR   68.487
Goldman Sachs Interna  2.500 3/24/2040   EUR   75.976
Regie Autonome des Tr  0.938 5/25/2050   EUR   51.646
Lloyds Bank PLC        2.520  9/4/2038   SEK   74.972
BNG Bank NV            2.000  9/5/2058   EUR   68.486
Kreditanstalt fuer Wi  0.980  2/9/2042   EUR   69.199
Landesbank Hessen-Thu  1.200  2/9/2052   EUR   58.495
Landesbank Hessen-Thu  2.435  2/6/2048   EUR   69.050
BNG Bank NV            1.410 7/28/2031   AUD   75.201
Region Wallonne Belgi  1.222 6/24/2080   EUR   43.176
Societe Generale SA    2.300 4/20/2048   EUR   74.475
French Republic Gover  0.500 5/25/2040   EUR   64.982
Abengoa Abenewco 1 SA  6.000 6/10/2022   EUR    0.454
Region Wallonne Belgi  1.220 6/12/2050   EUR   54.799
Premium Green PLC      1.610 9/30/2030   AUD   74.345
SAir Group             6.25010/27/2002   CHF   10.000
UniCredit Bank AG      1.120 5/14/2057   EUR   51.984
Region de Bruxelles-C  1.620  2/8/2044   EUR   68.482
Department of Val d'O  0.929 5/19/2041   EUR   64.635
Deutsche Bank AG       0.650  6/3/2031   EUR   75.057
Landwirtschaftliche R  0.984  2/4/2042   EUR   65.596
Novolipetsk Steel Via  1.450  6/2/2026   EUR   69.255
BNG Bank NV            0.562  6/7/2051   EUR   56.975
Kreditanstalt fuer Wi  1.208 6/17/2051   EUR   63.767
Metropole de Lyon      0.50012/28/2048   EUR   46.462
Kommunalkredit Austri  0.570 9/15/2037   EUR   65.525
Kommunalkredit Austri  1.055 10/6/2031   EUR   72.595
Communaute Francaise   2.041 4/12/2069   EUR   64.434
UniCredit Bank AG      2.25010/14/2039   EUR   71.845
Communaute Francaise   0.785 8/24/2050   EUR   48.571
Assistance Publique H  0.490 9/30/2040   EUR   60.375
Region Centre          0.924 11/2/2043   EUR   58.732
NRW Bank               1.245 11/4/2051   EUR   59.879
Muenchener Hypotheken  1.692 11/6/2051   EUR   68.213
Espirito Santo Financ  5.05011/15/2025   EUR    0.389
United Utilities Wate  1.55610/25/2056   GBP   69.836
Stichting Afwikkeling  6.625 5/14/2018   EUR   43.625
KPNQwest NV            8.875  2/1/2008   EUR    0.783
Caisse des Depots et   0.606 9/30/2039   EUR   63.084
BNP Paribas SA         1.000 1/23/2040   MXN   22.691
HSBC Continental Euro  1.38511/18/2039   EUR   68.643
Assistance Publique H  0.750 12/3/2041   EUR   62.282
Heta Asset Resolution  4.09912/31/2023   EUR    1.384
Credit Suisse AG/Lond  4.700  7/1/2046   AUD   71.514
Nederlandse Waterscha  0.964 6/11/2059   EUR   51.802
Banco Espirito Santo  10.000 12/6/2021   EUR    0.397
Communaute Francaise   0.94810/11/2059   EUR   44.098
Autonomous Community   1.950 5/24/2041   EUR   72.432
Zurcher Kantonalbank  22.000  8/6/2024   USD   75.160
Swissquote Bank SA    27.050 7/31/2024   CHF   64.980
BNP Paribas Issuance   1.300 4/22/2026   EUR   57.220
Landesbank Hessen-Thu  0.75011/17/2036   EUR   71.100
Raiffeisen Switzerlan 17.50012/27/2023   CHF   42.470
Evan Group PLC         6.000 7/31/2022   EUR    2.022
SG Issuer SA           1.250 2/28/2033   EUR   47.000
Basler Kantonalbank   24.000  3/8/2024   CHF   27.530
Skandinaviska Enskild  4.500 11/7/2024   EUR   61.350
Landesbank Baden-Wuer  2.600 1/26/2024   EUR   58.090
Landesbank Baden-Wuer  6.750 4/26/2024   EUR   30.770
RUSAL Bratsk OJSC      0.010  4/7/2026   RUB   73.810
EFG International Fin 22.000  1/9/2024   CHF   55.400
Raiffeisen Switzerlan  9.000 2/24/2025   EUR   62.090
Rosbank PJSC           0.030 4/30/2024   RUB   70.000
ACBA Bank OJSC        11.500  3/1/2026   AMD    0.000
Zurcher Kantonalbank  12.25012/15/2023   CHF   53.350
Rosbank PJSC           0.040 4/30/2024   RUB   70.000
VTB Bank PJSC         18.750             RUB   70.010
Credit Suisse AG/Lond 20.00011/29/2024   USD   14.140
Citigroup Global Mark  1.000 9/30/2036   EUR   68.991
Erste Group Bank AG    0.950  5/5/2035   EUR   67.752
DZ Bank AG Deutsche Z  0.550  9/9/2036   EUR   69.747
Societe Publique de G  1.272 8/23/2036   EUR   73.653
MS Deutschland Beteil  6.87512/18/2017   EUR    0.151
Societe Generale SA   27.30010/20/2025   USD    9.000
Aareal Bank AG         0.255 9/17/2029   EUR   75.564
BPCE SFH SA            1.344 2/18/2041   EUR   71.487
Norske Skog Holding A  8.000 2/24/2023   USD    0.006
BNG Bank NV            1.627 4/25/2046   EUR   73.744
Agrokor dd Via Aquari  4.921  8/8/2017   EUR   14.625
Aareal Bank AG         1.300 9/19/2031   EUR   74.037
Region Wallonne Belgi  1.127 10/3/2036   EUR   72.090
Deutsche Bank AG       2.530 10/7/2036   USD   69.596
Raiffeisenlandesbank   0.620 9/29/2031   EUR   74.196
Hungary Government Bo  3.000 4/25/2041   HUF   61.992
BPCE SFH SA            1.53612/21/2038   EUR   75.776
Kreditanstalt fuer Wi  0.951  9/9/2050   EUR   57.728
Societe Generale SA    0.690 4/21/2033   EUR   74.679
Wirtschafts- und Infr  0.170 12/9/2041   EUR   56.872
Region de Bruxelles-C  1.500  8/2/2038   EUR   72.275
Cooperatieve Rabobank  3.000 3/25/2036   AUD   72.474
HSBC Bank PLC          2.230  9/6/2047   EUR   69.749
Natixis SA             2.800  3/3/2041   USD   68.888
Cooperatieve Rabobank  2.09012/27/2047   EUR   66.603
Standard Chartered Ba  3.000 4/30/2036   AUD   66.704
DZ Bank AG Deutsche Z  0.700 4/29/2036   EUR   72.364
Agence Francaise de D  1.774 3/24/2044   EUR   73.594
Deutsche Bank AG/Lond  4.320 6/15/2037   AUD   72.913
Assistance Publique H  0.630 7/30/2042   EUR   58.584
Ukraine Government Bo  6.000 8/28/2030   UAH   32.635
BNP Paribas SA         2.400 6/14/2048   EUR   75.346
Specialfastigheter Sv  2.375 6/25/2048   SEK   75.234
Agence Francaise de D  0.537 7/16/2040   EUR   63.855
Regie Autonome des Tr  1.900 6/26/2048   EUR   71.642
Kreditanstalt fuer Wi  0.990 2/12/2051   EUR   59.694
Land Berlin            0.150 2/22/2036   EUR   70.052
Credit Agricole Corpo  2.800 2/23/2041   AUD   60.720
Kuntarahoitus Oyj      1.005 11/4/2060   EUR   57.282
Agence France Locale   0.21012/20/2035   EUR   68.435
Agence Francaise de D  1.95011/19/2053   EUR   64.242
Ile-de-France Mobilit  0.20011/16/2035   EUR   68.882
Caisse Francaise de F  0.51011/19/2040   EUR   61.339
Credit Agricole Corpo  3.200 3/19/2041   AUD   63.912
Aareal Bank AG         1.465 7/24/2029   EUR   75.083
Wirtschafts- und Infr  0.650  2/8/2039   EUR   67.992
Caisse des Depots et   1.150  2/3/2042   EUR   63.965
Caisse Francaise de F  1.668 2/23/2043   EUR   73.761
Vasakronan AB          2.277 3/11/2039   EUR   43.302
French Republic Gover  0.500 5/25/2072   EUR   36.239
Region Wallonne Belgi  0.850 1/26/2071   EUR   36.945
Deutsche Bank AG/Lond  3.97710/10/2042   USD   73.797
Saastopankkien Keskus  0.860 1/18/2036   EUR   69.200
Caisse des Depots et   1.617 3/18/2049   EUR   63.865
Natixis SA             4.510 4/12/2043   AUD   71.808
Premium Green PLC      1.650 3/28/2031   AUD   72.451
Premium Green PLC      1.650 3/28/2031   AUD   72.732
Communaute Francaise   0.782  2/8/2061   EUR   39.523
Nykredit Realkredit A  1.182 1/17/2034   EUR   73.235
Kingdom of Belgium Go  1.400 6/22/2053   EUR   61.474
Aareal Bank AG         1.576 2/23/2032   EUR   75.089
Region de Bruxelles-C  1.500 2/15/2039   EUR   74.497
Nederlandse Waterscha  1.437  3/4/2042   EUR   73.297
de Volksbank NV        1.552 4/12/2040   EUR   75.103
Cie de Financement Fo  1.270 4/26/2039   EUR   73.824
Bayerische Landesbank  1.690 4/23/2037   EUR   69.883
Autonomous Community   1.44210/26/2049   EUR   56.385
Cie Generale de Navig  0.35012/29/2056   CHF   71.349
Kuntarahoitus Oyj      0.854 1/14/2060   EUR   55.322
Region de Bruxelles-C  2.344 2/14/2053   EUR   70.754
Department of L'Eure   0.515 5/25/2040   EUR   61.421
Region Centre          0.668 11/2/2035   EUR   71.038
Yorkshire Water Servi  1.758  2/1/2054   GBP   71.642
Banca di Cividale SpA  4.120 10/2/2036   EUR   69.966
Caisse des Depots et   1.410 5/21/2049   EUR   60.408
Cerruti Finance SA     6.500 7/26/2004   EUR    0.901
Region de Bruxelles-C  0.845 9/30/2059   EUR   39.050
Credit Agricole Corpo  1.280 12/5/2039   EUR   69.629
Aareal Bank AG         1.068 2/18/2050   EUR   57.666
Department of Bouches  0.500 10/5/2043   EUR   54.682
SpareBank 1 SR-Bank A  0.970 10/9/2040   EUR   59.857
Hypo Vorarlberg Bank   0.39010/21/2030   EUR   74.027
Caisse des Depots et   2.61511/15/2049   AUD   55.800
Caisse des Depots et   0.750 11/6/2048   EUR   50.909
Bayerische Landesbank  1.620 5/21/2036   EUR   70.954
Caisse des Depots et   1.474  6/5/2049   EUR   60.215
Aareal Bank AG         3.60012/11/2042   EUR   74.870
Opus Global Nyrt       3.200 4/29/2031   HUF   71.000
Landesbank Baden-Wuer  6.850 8/23/2024   EUR   74.580
UBS AG/London          7.300 10/3/2024   USD    9.880
LP Portfolio Vagyonke  2.80011/30/2030   HUF   70.000
Credit Suisse AG/Lond  7.00012/17/2026   EUR   70.290
Pannon Work Szemelyze  3.00010/30/2030   HUF   72.950
LP Portfolio Vagyonke  3.400 9/23/2031   HUF   64.600
ITK Holding zrt        2.900 6/23/2031   HUF   68.200
Infogroup Holding Kft  3.000 5/20/2031   HUF   69.750
Credit Suisse AG/Lond  7.250 8/14/2024   CHF   70.820
VTB Bank PJSC         10.000             RUB   58.560
Landesbank Hessen-Thu  1.500 1/20/2037   EUR   65.350
Bank Julius Baer & Co 13.600 6/17/2024   CHF   60.400
Appeninn Holding       3.50011/22/2029   HUF   71.000
Swissquote Bank SA    25.390 5/30/2024   CHF   56.480
Wingholding Zrt        3.000 9/22/2031   HUF   67.300
MKB-Leasing OOO       14.70012/22/2027   RUB   65.000
UBS AG/London         15.500 1/18/2024   CHF   56.350
SkyGreen Buildings Kf  3.00012/29/2030   HUF   68.750
Societe Generale SA   11.000 7/14/2026   USD   11.600
Vontobel Financial Pr 24.00012/22/2023   EUR   52.310
Societe Generale SA   20.000 1/29/2026   USD   16.750
MKB-Leasing OOO       16.00010/12/2026   RUB   70.020
Zurcher Kantonalbank  16.700 4/19/2024   CHF   58.840
Zurcher Kantonalbank  10.000  6/6/2024   CHF   67.030
Bank Julius Baer & Co 13.350 5/14/2024   CHF   65.150
Zurcher Kantonalbank  10.000 2/27/2024   CHF   71.370
Mercedes-Benz Manufac  1.500 3/16/2027   HUF   75.000
B+N Referencia Ipari   2.90012/20/2029   HUF   74.200
Bayerische Landesbank  1.450 1/26/2024   EUR   73.470
Hell Energy Magyarors  2.70012/18/2029   HUF   71.400
Lehman Brothers Treas  4.050 9/16/2008   EUR    0.100
Norddeutsche Landesba  1.280  9/2/2039   EUR   62.428
Lloyds Bank PLC        2.280 1/29/2044   EUR   70.235
Merrill Lynch BV       2.510 8/25/2036   USD   72.441
Assistance Publique H  0.634 8/27/2045   EUR   50.455
Landesbank Hessen-Thu  0.750 8/19/2036   EUR   62.734
Federal Grid Co - Ros  7.000 6/30/2048   RUB   55.000
Kreditanstalt fuer Wi  2.760  8/8/2046   USD   72.512
Landesbank Hessen-Thu  0.800 2/26/2035   EUR   69.169
Assistance Publique H  1.183 4/16/2050   EUR   55.824
Lloyds Bank PLC        1.765 8/17/2037   EUR   71.421
Muenchener Hypotheken  1.002 2/21/2050   EUR   57.429
Caisse des Depots et   0.571 2/18/2041   EUR   60.001
Lloyds Bank PLC        2.170 8/28/2038   EUR   74.416
BNP Paribas SA         3.180 7/23/2034   AUD   70.341
Caisse des Depots et   1.548  8/9/2038   EUR   75.380
Vasakronan AB          2.533 1/28/2044   EUR   39.871
Bayerische Landesbank  1.68012/18/2037   EUR   68.617
CDC Habitat SEM        1.170  5/4/2037   EUR   71.510
Brussels Municipaliti  0.33612/15/2035   EUR   68.748
Barclays Bank PLC      2.000  5/7/2036   MXN   30.641
Department of Val d'O  0.39011/18/2041   EUR   56.782
Societe Du Grand Pari  2.14511/26/2068   EUR   61.485
Societe Du Grand Pari  1.149  4/8/2069   EUR   40.665
BNP Paribas SA         3.580 7/23/2040   AUD   72.177
Landesbank Saar        0.680 3/29/2034   EUR   71.537
Kuntarahoitus Oyj      1.220 3/27/2060   EUR   61.931
Muenchener Hypotheken  1.17210/30/2047   EUR   64.033
BNP Paribas SA         1.050 3/29/2036   EUR   70.627
Caisse des Depots et   1.460 1/24/2052   EUR   57.602
Landesbank Hessen-Thu  1.350 3/16/2037   EUR   70.948
DNB Boligkreditt AS    1.569 1/31/2042   EUR   73.347
Senvion Holding GmbH   3.87510/25/2022   EUR    0.103
Region Wallonne Belgi  0.808 6/24/2038   EUR   66.494
CDC Habitat SEM        1.700 3/21/2039   EUR   73.549
BNG Bank NV            1.603 3/19/2048   EUR   68.959
DZ Bank AG Deutsche Z  0.550 1/21/2036   EUR   65.902
Spain Government Bond  1.20010/31/2040   EUR   67.564
BNP Paribas SA         1.660 2/26/2031   USD   74.994
Kingdom of Belgium Go  0.650 6/22/2071   EUR   39.749
Ministeries Van de Vl  1.56411/12/2046   EUR   64.908
DNB Boligkreditt AS    1.23011/18/2039   EUR   71.914
Deutsche Pfandbriefba  0.480 5/19/2031   EUR   67.605
Region Bourgogne-Fran  0.841 5/12/2037   EUR   68.398
Royal Schiphol Group   2.89010/25/2034   AUD   74.692
Kreditanstalt fuer Wi  2.820 11/8/2046   USD   73.455
SAir Group             2.125 11/4/2004   CHF   10.000
Credit Agricole SA     1.000  4/6/2035   EUR   70.430
National Grid Electri  1.608 8/24/2040   GBP   54.932
NRW Bank               0.71010/22/2036   EUR   73.911
BPCE SA                3.00011/18/2036   AUD   67.297
Landeskreditbank Bade  1.236 5/22/2045   EUR   68.868
Landesbank Baden-Wuer  0.560 9/22/2033   EUR   69.028
BNP Paribas SA         2.75010/24/2034   AUD   66.333
BNP Paribas SA         2.730 9/27/2034   AUD   66.357
HSBC Continental Euro  0.80012/13/2034   EUR   67.846
Landesbank Hessen-Thu  0.950 2/12/2035   EUR   70.563
HSBC Continental Euro  1.200 9/26/2039   EUR   66.564
Communaute Francaise   1.140 9/20/2059   EUR   46.634
Lehman Brothers Treas 10.600 4/22/2014   MXN    0.100
Department of Bouches  0.45010/15/2041   EUR   57.743
Collectivite Europeen  0.487 10/9/2045   EUR   51.154
Credit Bank of Moscow  4.700 1/29/2025   USD   35.110
Nederlandse Waterscha  0.50110/24/2039   EUR   64.917
Batigere Grand Est SA  1.55011/14/2039   EUR   69.106
Region Occitanie       0.83411/18/2044   EUR   57.553
Citigroup Global Mark  1.20012/23/2036   EUR   70.079
Vasakronan AB          1.870  6/3/2039   EUR   39.177
SG Issuer SA           1.750 4/21/2034   EUR   75.340
Bank Vontobel AG      12.000 9/23/2024   EUR   73.400
Zurcher Kantonalbank  15.000  4/3/2024   CHF   57.860
Credit Suisse AG/Lond 10.00010/31/2024   EUR   64.640
Nordea Bank Abp        3.050 7/20/2026   SEK   74.250
UBS AG/London         16.500 7/22/2024   CHF   56.150
SG Issuer SA           1.750 3/17/2034   EUR   63.580
Raiffeisen Switzerlan 20.000  5/8/2024   EUR   58.500
SG Issuer SA           1.05011/20/2025   EUR   10.170
Landesbank Hessen-Thu  1.00010/14/2036   EUR   64.950
Vontobel Financial Pr 12.000 7/22/2024   EUR   55.550
Leonteq Securities AG  8.000 5/30/2024   CHF   64.360
Leonteq Securities AG 11.000 12/7/2023   CHF   18.110
Zurcher Kantonalbank   8.500 6/19/2024   CHF   66.930
Zurcher Kantonalbank   8.500 7/19/2024   CHF   70.390
Leonteq Securities AG 28.000 5/30/2024   CHF   59.770
Zurcher Kantonalbank  12.000 4/26/2024   EUR   56.190
Bank Julius Baer & Co 15.300 6/17/2024   EUR   60.500
Zurcher Kantonalbank  17.000 3/13/2024   CHF   61.500
Nordea Bank Abp        2.000  2/3/2026   SEK   51.680
Societe Generale SA   24.000 8/30/2024   USD   48.620
SG Issuer SA           1.800 8/14/2034   EUR   62.950
Zurcher Kantonalbank  15.000  3/6/2024   CHF   65.180
MASTERPLAST Nyrt       2.900 8/25/2031   HUF   67.500
Landesbank Hessen-Thu  0.80011/26/2035   EUR   65.300
Veragold Mining Co Gm  5.00012/31/2025   EUR   73.000
ArmSwissBank CJSC      6.500  5/2/2025   USD    0.000
UBS AG/London          0.537  1/3/2024   USD    2.740
TKK OOO               12.000 9/20/2046   RUB   60.100
Citigroup Global Mark  1.80011/17/2036   EUR   64.680
UBS AG/London          8.000  4/7/2025   CHF   66.250
JP Morgan Structured  12.200 4/22/2025   USD    0.000
Raiffeisen Switzerlan  4.300 1/14/2025   CHF   75.660
Landesbank Hessen-Thu  1.750 2/16/2037   EUR   69.700
Landesbank Hessen-Thu  1.50012/10/2036   EUR   68.250
UniCredit Bank AG     10.600 6/28/2024   EUR   66.720
Hamburg Commercial Ba  2.597  2/1/2036   EUR   63.170
Zurcher Kantonalbank  17.400 4/19/2024   USD   57.610
Region of Chelyabinsk  6.00012/17/2027   RUB   70.000
Zurcher Kantonalbank   8.000  4/5/2024   CHF   68.950
Leonteq Securities AG 24.500 1/26/2024   CHF   16.700
Zurcher Kantonalbank   9.000  2/9/2024   CHF   69.930
UniCredit Bank AG      5.550  7/1/2024   EUR   70.700
Zurcher Kantonalbank  10.000 1/30/2024   USD   68.980
Raiffeisen Schweiz Ge 20.000 9/11/2024   CHF   64.820
Bank Vontobel AG       9.250 2/19/2024   EUR   53.700
DZ Bank AG Deutsche Z  5.000 6/28/2024   EUR   75.320
UBS AG/London         12.000 2/22/2024   CHF   50.600
Zurcher Kantonalbank   8.500 2/23/2024   CHF   64.870
DZ Bank AG Deutsche Z  1.74010/11/2050   EUR   57.510
SG Issuer SA           2.100 12/6/2033   EUR   45.120
DZ Bank AG Deutsche Z  3.41110/11/2050   EUR   57.510
Ist Saiberian Petrole 14.00012/28/2024   RUB   27.990
Bayerische Landesbank  2.350 2/23/2024   EUR   75.430
Araratbank OJSC        5.500 1/29/2024   USD    0.000
BNP Paribas Emissions 16.00012/21/2023   EUR   66.260
Morgan Stanley BV      0.028 8/26/2025   EUR   17.850
Rosbank PJSC           0.010 4/30/2024   RUB   70.000
Region de Bruxelles-C  1.144 1/14/2056   EUR   46.686
Credit Agricole CIB F  0.440  9/6/2033   EUR   69.554
Raiffeisenverband Sal  1.617 1/29/2048   EUR   66.357
Credit Agricole Corpo  0.720 5/10/2033   EUR   72.838
Region Centre          0.834 5/12/2042   EUR   59.709
Citigroup Global Mark  1.200 8/25/2041   EUR   62.657
Credit Agricole CIB F  0.440 8/30/2033   EUR   71.173
Citigroup Global Mark  1.000 8/31/2036   EUR   68.691
Ville de Paris         0.921 5/26/2053   EUR   48.064
Communaute Francaise   1.010 7/19/2051   EUR   50.843
PA Resources AB       13.500  3/3/2016   SEK    0.124
NRW Bank               1.510  3/7/2046   EUR   69.480
DNB Boligkreditt AS    0.846 7/14/2036   EUR   72.760
State of North Rhine-  0.880 7/12/2040   EUR   69.571
Ville de Paris         2.10010/23/2045   EUR   75.373
BPCE SFH SA            0.860 7/25/2036   EUR   72.610
AKB Peresvet ZAO       0.510  8/4/2034   RUB   28.010
Citigroup Global Mark 13.20012/18/2023   SEK   56.270
Federal Grid Co - Ros  7.690 4/27/2048   RUB   55.000
Federal Grid Co - Ros  6.150  9/7/2048   RUB   55.000
Nationwide Building S  1.336 2/26/2041   EUR   72.021
SNCF Reseau            1.475 3/30/2065   EUR   49.449
Akademiska Hus AB      2.080 4/17/2045   SEK   71.687
Credit Agricole CIB F  0.540 9/20/2033   EUR   71.844
Hypo-Bank Burgenland   0.810 9/17/2031   EUR   74.104
Vodafone Group PLC     4.600  8/9/2046   USD   75.611
Region Auvergne-Rhone  0.530 9/29/2036   EUR   68.040
New World Resources N  4.000 10/7/2020   EUR    0.897
Landesbank Hessen-Thu  0.90010/27/2036   EUR   66.894
SAir Group             6.250 4/12/2005   CHF   10.000
Natixis SA             3.00010/18/2051   USD   65.539
Credit Agricole Corpo 14.280 11/5/2026   TRY   61.440
Societe Generale SA    3.05011/23/2031   AUD   74.157
Oberoesterreichische   0.350 10/9/2041   EUR   56.439
Kreditanstalt fuer Wi  1.02710/26/2050   EUR   59.031
Landesbank Hessen-Thu  1.170 12/8/2036   EUR   69.433
Ville de Paris         0.963 12/6/2051   EUR   50.225
Hypo Tirol Bank AG     1.010 1/20/2040   EUR   67.810
Oberoesterreichische   0.64110/13/2035   EUR   62.531
Cooperatieve Rabobank  1.315 2/28/2039   EUR   73.238
BNG Bank NV            1.750  2/2/2043   EUR   75.604
Nederlandse Waterscha  0.70010/25/2050   EUR   52.099
Kreditanstalt fuer Wi  0.880 12/7/2050   EUR   58.053
DZ Bank AG Deutsche Z  0.640 12/7/2035   EUR   67.025
de Volksbank NV        1.51012/13/2038   EUR   75.543
Aktia Bank Oyj         0.96512/11/2040   EUR   62.046
Credit Agricole CIB F  1.000 4/26/2036   EUR   69.580
Region de Bruxelles-C  1.020 4/30/2060   EUR   41.506
Kreditanstalt fuer Wi  0.943  6/9/2050   EUR   59.701
Norddeutsche Landesba  0.675 2/25/2033   EUR   72.887
Societe Generale SA    2.670 3/24/2031   AUD   73.905
Berlin Hyp AG          0.750  3/4/2050   EUR   54.301
Credit Agricole Corpo  1.190 2/26/2040   EUR   66.813
DNB Boligkreditt AS    1.557 9/11/2042   EUR   72.232
Nederlandse Waterscha  1.880 9/28/2048   EUR   74.468
Purple Protected Asse  1.570 4/30/2061   EUR   47.411
Landesbank Hessen-Thu  0.60011/26/2035   EUR   65.828
DNB Boligkreditt AS    1.550  9/1/2042   EUR   72.640
Kreditanstalt fuer Wi  1.208 3/10/2051   EUR   63.946
Cooperatieve Rabobank  2.250 9/15/2047   EUR   69.320
Credit Agricole CIB F  0.500 2/23/2033   EUR   72.778
BNG Bank NV            0.632 7/12/2066   EUR   38.718
Caisse des Depots et   1.552 8/16/2038   EUR   75.120
Region of Pays de la   0.449  3/9/2035   EUR   70.596
Landesbank Baden-Wuer  0.580  3/2/2033   EUR   70.755
Wirtschafts- und Infr  0.500 8/28/2046   EUR   53.217
Region of Pays de la   0.427  3/9/2034   EUR   73.056
BPCE SA                2.320  3/4/2036   USD   66.173
Muenchener Hypotheken  1.000  5/7/2035   EUR   73.222
Credit Agricole CIB F  0.39012/16/2032   EUR   71.156
Credit Agricole Corpo 15.000 6/18/2026   TRY   63.902
CDC Habitat SEM        1.043 5/12/2036   EUR   71.675
Kreditanstalt fuer Wi  0.693  2/8/2050   EUR   52.497
UniCredit Bank Austri  0.150 4/29/2033   EUR   73.780
Region de Bruxelles-C  0.55612/23/2064   EUR   29.780
Caisse des Depots et   0.982 11/6/2050   EUR   52.042
Caisse des Depots et   1.005 11/5/2050   EUR   52.425
Kreditanstalt fuer Wi  0.830 12/9/2050   EUR   57.535
Deutsche Pfandbriefba  0.312 4/16/2029   EUR   75.357
Swedbank Hypotek AB    1.59511/20/2043   EUR   72.925
Credit Agricole CIB F  0.400 12/4/2032   EUR   71.327
Deutsche Telekom AG    3.500 4/15/2041   AUD   68.229
Kreditanstalt fuer Wi  0.683 2/22/2051   EUR   54.437
Raiffeisenlandesbank   1.174 7/11/2034   EUR   71.259
Batigere Grand Est SA  1.550 8/12/2041   EUR   66.205
Kreditanstalt fuer Wi  0.680 2/23/2051   EUR   54.742
Caisse Francaise de F  1.640 7/10/2048   EUR   69.400
Kuntarahoitus Oyj      0.726  1/8/2060   EUR   49.538
State of Rhineland-Pa  0.500 7/30/2036   EUR   73.336
Region de Bruxelles-C  1.250 1/10/2060   EUR   46.214
Caisse des Depots et   1.018 2/16/2051   EUR   51.126
Credit Agricole Corpo  2.610 7/27/2050   USD   55.159
Kuntarahoitus Oyj      0.858 2/22/2051   EUR   62.205
Raiffeisenlandesbank   0.750 6/20/2031   EUR   75.460
Landesbank Saar        0.710 12/6/2035   EUR   68.669
Landesbank Baden-Wuer  0.580 4/20/2032   EUR   73.083
Barclays Bank PLC      3.130  4/9/2051   USD   62.149
Nederlandse Waterscha  1.92810/23/2048   EUR   75.216
Kreissparkasse Koeln   0.350 2/19/2035   EUR   68.606
Landesbank Saar        0.835 2/19/2035   EUR   70.885
Credit Agricole CIB F  0.830  4/6/2036   EUR   68.583
Kreditanstalt fuer Wi  0.90211/16/2050   EUR   58.491
Credit Agricole Corpo  2.00011/23/2032   USD   73.733
Cie de Financement Fo  1.76011/15/2048   EUR   68.860
Caisse Francaise de F  1.720 11/6/2047   EUR   70.083
Societe Generale SA    1.040 3/25/2041   EUR   62.826
Credit Agricole CIB F  0.580  4/6/2033   EUR   71.488
Grand Delta Habitat    1.500  9/1/2047   EUR   52.456
Credit Agricole CIB F  0.550 3/17/2033   EUR   71.649
ING Bank NV            2.410 3/16/2031   AUD   73.791
NRW Bank               1.180  3/3/2051   EUR   59.760
Erste Group Bank AG    1.200 2/11/2040   EUR   60.939
Citigroup Global Mark  1.000 1/21/2036   EUR   69.479
SpareBank 1 SR-Bank A  1.650 2/24/2042   EUR   66.736
Agence Francaise de D  1.833 2/26/2052   EUR   67.943
Purple Protected Asse  1.580 5/25/2060   EUR   40.827
Purple Protected Asse  1.598  2/5/2061   EUR   67.647
Muenchener Hypotheken  1.285 4/19/2039   EUR   73.788
Landesbank Baden-Wuer  0.395 1/29/2031   EUR   75.421
Nederlandse Waterscha  1.486 4/24/2052   EUR   65.686
Wirtschafts- und Infr  0.192 1/28/2042   EUR   55.804
Landesbank Hessen-Thu  0.950 6/11/2035   EUR   70.211
Nationale-Nederlanden  1.400 3/18/2039   EUR   75.068
Assistance Publique H  1.795 3/30/2048   EUR   67.706
Kreditanstalt fuer Wi  0.730 1/21/2050   EUR   56.692
Bank of Ireland Mortg  1.548 4/17/2043   EUR   72.973
Raiffeisen-Landesbank  1.922 4/19/2058   EUR   67.611
Landesbank Baden-Wuer  0.436 9/25/2031   EUR   73.975
Caisse des Depots et   0.950 2/17/2051   EUR   49.977
Landesbank Baden-Wuer  0.400  7/2/2031   EUR   74.341
Agence Francaise de D  0.714 7/10/2045   EUR   56.771
Argentum Capital SA    0.50011/30/2033   EUR   64.445
Ukraine Government Bo  9.780 5/10/2029   UAH   47.444
SAir Group             5.125  3/1/2003   CHF   10.000
Agence Francaise de D  1.760 2/19/2047   EUR   70.723
Purple Protected Asse  1.56512/23/2060   EUR   64.523
Nederlandse Waterscha  1.850 2/11/2059   EUR   67.755
Kreditanstalt fuer Wi  0.953 1/24/2042   EUR   68.885
Societe Generale SA    3.160 1/24/2032   AUD   74.447
Landesbank Baden-Wuer  0.821 8/24/2032   EUR   74.326
Kreditanstalt fuer Wi  1.271 5/20/2051   EUR   64.553
Region Bourgogne-Fran  0.895 5/20/2038   EUR   70.200
Oberoesterreichische   0.610 1/28/2037   EUR   68.273
Credit Agricole CIB F  0.730  6/2/2033   EUR   72.380
Natixis SA             2.720 5/27/2036   USD   73.721
Norddeutsche Landesba  2.208  6/4/2036   EUR   72.198
Citigroup Global Mark  1.18012/23/2036   EUR   69.755
Office Public De L'Ha  1.70012/22/2060   EUR   66.378
DZ Bank AG Deutsche Z  0.390  7/2/2031   EUR   74.060
Credit Agricole CIB F  0.490 9/13/2033   EUR   71.492
Citigroup Global Mark  1.01010/28/2035   EUR   71.012
Hellas Telecommunicat  6.054 1/15/2015   USD    0.016
DZ Bank AG Deutsche Z  1.74010/11/2050   EUR   60.447
Barclays Bank PLC      1.000 8/31/2034   EUR   70.969
Landesbank Baden-Wuer  0.490  6/9/2031   EUR   74.741
Landesbank Baden-Wuer  0.520 12/9/2031   EUR   73.672
Grand Delta Habitat    1.75010/28/2061   EUR   67.976
Republic of Ireland I  1.190 10/7/2101   EUR   44.056
SAir Group             2.750 7/30/2004   CHF   10.000
Purple Protected Asse  2.08510/27/2060   EUR   44.978
Credit Agricole CIB F  0.85011/19/2033   EUR   72.012
Republic of Ireland I  0.740 9/22/2078   EUR   38.112
Muenchener Hypotheken  0.79012/21/2035   EUR   68.610
Standard Chartered Ba  0.500 9/11/2040   JPY   63.728
Credit Agricole CIB F  1.16010/25/2036   EUR   70.503
Landesbank Hessen-Thu  1.00012/10/2036   EUR   67.759
Caisse des Depots et   0.696 9/14/2040   EUR   62.072
Aareal Bank AG         0.625 9/16/2030   EUR   73.602
Muenchener Hypotheken  0.490 9/17/2032   EUR   74.604
Landesbank Hessen-Thu  0.80012/12/2034   EUR   69.599
Pescanova SA           6.750  3/5/2015   EUR    1.246
Heta Asset Resolution  5.73012/31/2023   EUR    1.384
Societa di Progetto B  3.37512/31/2038   EUR   73.458
Caisse des Depots et   1.270 10/1/2051   EUR   54.835
Credit Agricole Corpo 12.00011/17/2025   TRY   63.158
HSBC Continental Euro  1.41012/12/2039   EUR   68.654
Lehman Brothers Treas  1.680  3/5/2015   EUR    0.100
DekaBank Deutsche Gir  1.080 12/9/2039   EUR   65.299
Landesbank Baden-Wuer  0.90011/22/2034   EUR   69.417
Region de Bruxelles-C  0.875 6/22/2057   EUR   40.123
Credit Agricole Corpo  0.900 10/1/2034   EUR   71.407
ECM Real Estate Inves  5.000 10/9/2011   EUR   15.375
Barclays Bank PLC      3.10012/13/2044   AUD   54.191
Bulgaria Steel Financ 12.000  5/4/2013   EUR    0.216
Region Centre          0.712 12/3/2039   EUR   62.593
Kreditanstalt fuer Wi  1.030 12/6/2049   EUR   61.698
Junta de Castilla y L  1.27010/31/2044   EUR   60.146
Credit Agricole Corpo  1.10012/16/2034   EUR   72.794
Societe Generale SA    3.040 1/19/2032   AUD   73.816
Municipality of Tilbu  0.47011/14/2034   EUR   75.579
Minicentrales Dos SA   0.010  6/6/2047   EUR   58.375
Nationwide Building S  1.618 1/28/2041   EUR   75.039
Nationwide Building S  1.573  5/7/2041   EUR   74.697
Windreich GmbH         6.250  3/1/2015   EUR    4.150
Agrokor dd             9.875  5/1/2019   EUR   15.000
Region de Bruxelles-C  0.759 9/20/2049   EUR   48.331
DNB Boligkreditt AS    1.080 5/16/2039   EUR   70.903
Pescanova SA           8.750 2/17/2019   EUR    1.156
Instabank ASA i       12.250             NOK   73.175
Barclays Bank PLC      0.61311/15/2024   USD    9.770
UBS AG/London         16.120 5/14/2027   SEK   72.100
Credit Suisse AG/Lond  8.000 12/9/2024   CHF   72.980
Vontobel Financial Pr  5.000 3/26/2024   EUR   32.950
VTB Bank PJSC          0.010 4/22/2026   RUB   71.220
Bank Vontobel AG       9.500 12/4/2023   EUR   50.000
Senivita Social Estat  8.500 6/30/2025   EUR    0.020
Meta Wolf AG           6.750 3/10/2005   DEM    0.110
VTB Bank PJSC          0.010  4/8/2026   RUB   70.020
Societe Generale SA   15.840 8/30/2024   USD   18.800
SG Issuer SA           0.021 6/14/2033   EUR   74.720
SG Issuer SA           0.021  7/7/2033   EUR   65.540
UBS AG/London         15.750 7/25/2024   EUR   69.150
Raiffeisen Switzerlan 15.000  2/6/2024   CHF   36.940
Swissquote Bank SA    15.43012/12/2023   CHF   37.940
Zurcher Kantonalbank  12.300 2/16/2024   EUR   57.120
Landesbank Baden-Wuer  1.250  6/5/2039   EUR   69.150
UniCredit Bank AG      4.450  1/2/2024   EUR   40.870
Leonteq Securities AG 23.000 5/15/2024   CHF   69.700
Ardshinbank CJSC       4.000 7/12/2024   USD    0.000
SG Issuer SA           1.600 4/18/2034   EUR   69.500
Deutsche Bank AG       1.050  9/1/2031   EUR   74.670
Autonomous Community   1.550 5/11/2051   EUR   55.724
Bank fuer Kirche und   0.660 3/17/2036   EUR   68.057
Tonon Luxembourg SA   12.500 5/14/2024   USD    0.010
Bank fuer Kirche und   0.600  6/9/2036   EUR   67.131
Autonomous Community   1.931  4/4/2042   EUR   71.856
Austrian Anadi Bank A  6.000 7/19/2032   EUR   75.263
Wirtschafts- und Infr  0.250 8/11/2039   EUR   62.333
Decipher Production L 12.500 9/27/2019   USD    1.500
Aranynektar Termekgya  3.500  4/3/2030   HUF   67.109
La Banque Postale Hom  1.379  4/4/2040   EUR   73.198
Ukraine Government Bo  6.00011/20/2024   UAH   74.687
OP Corporate Bank plc  1.400 3/16/2035   EUR   75.985
Communaute Francaise   1.500 2/13/2045   EUR   64.596
Norske Skog Holding A  8.000 2/24/2021   EUR    0.006
Ukraine Government Bo 11.890  5/6/2026   UAH   66.622
BNP Paribas SA         1.395 2/12/2035   EUR   74.800
Caisse Francaise de F  1.110 9/21/2046   EUR   63.138
Landesbank Hessen-Thu  0.650 10/6/2031   EUR   74.611
Grupo Isolux Corsan S  6.00012/30/2021   USD    0.673
Vasakronan AB          0.914 5/27/2030   EUR   69.007
SpareBank 1 Boligkred  1.49012/14/2038   EUR   75.365
Credit Agricole Corpo  2.480  3/4/2036   USD   69.889
LFA Foerderbank Bayer  0.250 3/19/2037   EUR   70.270
Societe Generale SA    2.700 3/15/2031   AUD   74.152
BNG Bank NV            2.000 7/24/2058   EUR   73.100
Kuntarahoitus Oyj      1.400  3/5/2061   EUR   66.002
Societe Generale SA    3.330 7/26/2034   AUD   69.053
BPCE SA                2.614  3/4/2036   AUD   65.529
Credit Agricole SA     3.450  3/4/2041   AUD   52.601
Communaute Francaise   2.177 8/17/2068   EUR   66.478
Land Thueringen        1.100  7/3/2047   EUR   65.279
Department of Loiret   0.55012/18/2045   EUR   51.774
Lukoil Securities BV   3.875  5/6/2030   USD   72.461
Landesbank Baden-Wuer  0.327  5/7/2038   EUR   65.030
Caisse des Depots et   1.300 4/28/2051   EUR   55.499
ASH8 Debt Co UK 1 PLC  3.65112/31/2055   GBP   73.248
ING Bank NV            0.335 4/21/2036   EUR   68.992
BPCE SA                1.920 12/9/2030   AUD   75.005
BPCE SA                2.285 12/3/2035   AUD   63.283
Communaute Francaise   1.170  7/5/2049   EUR   54.839
Societe Generale SA    2.050 2/22/2031   AUD   71.074
Societe Generale SA    3.300  7/8/2034   AUD   68.783
Hamburgische Investit  0.372 2/22/2041   EUR   63.492
Ukraine Government Bo  8.750 4/20/2033   UAH   35.287
BNG Bank NV            1.990 6/12/2058   EUR   73.722
Societe Generale SA    2.710  7/8/2035   AUD   62.363
Agence France Locale   0.550 6/20/2040   EUR   62.426
BPCE SA                1.85010/30/2030   AUD   75.041
Credit Agricole Corpo  1.12011/21/2034   EUR   73.711
Agence Francaise de D  1.91110/26/2048   EUR   71.678
Kuntarahoitus Oyj      0.448 3/19/2040   EUR   64.048
Societe Generale SA    2.750 3/12/2040   AUD   53.530
Societe Generale SA    2.700 3/17/2031   AUD   74.207
BPCE SA                2.450 2/24/2035   AUD   66.556
Municipality of Utrec  0.950  3/2/2037   EUR   75.589
Nostrum Oil & Gas Fin  7.000 2/16/2025   USD   27.521
Deutsche Pfandbriefba  2.490 2/21/2033   EUR   74.862
BNG Bank NV            2.000 4/17/2058   EUR   74.042
BNG Bank NV            2.160  3/5/2058   EUR   75.427
Societe Generale SA    1.700 1/19/2031   USD   74.394
BPCE SA                2.550  6/9/2035   AUD   66.725
Hypo Tirol Bank AG     1.530 4/10/2043   EUR   70.476
Saastopankkien Keskus  1.445 6/23/2035   EUR   75.422
Credit Agricole SA     3.000 1/19/2041   AUD   48.934
Barclays Bank PLC      1.011  2/1/2041   EUR   56.384
Department of L'Eure   0.95911/25/2037   EUR   71.989
Agence Metropolitaine  0.500  7/7/2035   EUR   71.807
Nederlandse Waterscha  0.810  7/8/2050   EUR   54.399
Region Wallonne Belgi  0.865 7/20/2044   EUR   54.581
Hemso Fastighets AB    2.680 7/10/2035   AUD   65.846
Assistance Publique H  0.647 7/17/2040   EUR   62.775
NRW Bank               0.642  2/9/2051   EUR   50.317
SAir Group             5.500 7/23/2003   CHF   10.000
City of Amsterdam Net  1.359 2/26/2044   EUR   70.386
DekaBank Deutsche Gir  1.58512/28/2035   EUR   59.484
SG Issuer SA           0.900  4/7/2036   EUR   68.928
Bank fuer Kirche und   0.80011/12/2035   EUR   69.898
Bank fuer Kirche und   0.77010/12/2035   EUR   69.748
Portugal Telecom Inte  5.242 11/6/2017   EUR    0.694
SG Issuer SA           2.910 10/8/2034   AUD   65.328
La Banque Postale Hom  1.311  5/9/2040   EUR   72.243
Kreditanstalt fuer Wi  0.69910/20/2036   EUR   74.926
Region Wallonne Belgi  0.828 8/28/2048   EUR   50.593
Luminis SA             2.120  5/3/2029   EUR   73.889
Societe Wallonne de F  1.066 9/18/2046   EUR   54.236
Societe Generale SA    3.11010/28/2041   AUD   54.703
Batigere Grand Est SA  1.540 11/4/2041   EUR   65.714
HSBC Continental Euro  1.140 8/26/2049   EUR   55.300
Oberoesterreichische   1.014 9/16/2049   EUR   45.862
DNB Boligkreditt AS    1.080 5/16/2039   EUR   71.059
BLT Finance BV        12.000 2/10/2015   USD   10.500
Societe Generale SA    3.820 4/26/2039   AUD   64.294
BPCE SA                2.82012/18/2039   AUD   60.456
Ville de Rennes        0.50510/22/2034   EUR   70.081
Batigere Grand Est SA  1.48510/25/2039   EUR   68.456
A-TEC Industries AG    5.750 11/2/2010   EUR    0.100
BNP Paribas SA         3.700 10/4/2039   AUD   64.727
Societe Generale SA    3.31011/29/2033   AUD   70.876
Norddeutsche Landesba  1.150 12/6/2033   EUR   74.295
Lehman Brothers Treas  5.103 6/22/2046   EUR    0.100
LBI ehf                7.431             USD    0.001
NTRP Via Interpipe Lt 10.250  8/2/2017   USD    0.910
Vasakronan AB          3.300 1/14/2042   AUD   60.086
Standard Chartered Ba  3.040 1/18/2042   USD   70.249
Kaupthing ehf          5.082 12/1/2008   EUR    0.250
Saastopankkien Keskus  0.84010/22/2035   EUR   69.300
Societe Wallonne de F  0.90410/23/2047   EUR   50.842
Region Wallonne Belgi  0.05010/26/2032   EUR   73.016
Societe Wallonne de F  0.94810/23/2051   EUR   48.310
SG Issuer SA           2.91010/29/2034   AUD   65.197
Societe Generale SA    2.90010/24/2039   AUD   55.467
Bazalgette Finance Pl  0.688 6/27/2050   GBP   57.160
Societe Generale SA    2.370 9/17/2035   AUD   59.254
Societe Generale SA    2.880 9/10/2034   AUD   65.288
Raiffeisen Bank zrt   11.597             EUR   67.697
Landesbank Baden-Wuer  0.200 12/2/2030   EUR   73.187
Zurcher Kantonalbank  16.000  1/3/2024   CHF   53.360
Bank Vontobel AG      17.500  1/5/2024   CHF   66.500
Swissquote Bank SA    23.990  7/3/2024   CHF   60.100
Nordea Bank Abp        9.370 7/20/2029   SEK   75.570
BNP Paribas Emissions  3.000 6/27/2024   EUR   69.850
Federal Grid Co - Ros  7.000 3/23/2050   RUB   55.000
Federal Grid Co - Ros  7.000 3/23/2050   RUB   55.000
Federal Grid Co - Ros  7.69010/30/2048   RUB   55.000
Federal Grid Co - Ros  7.69010/30/2048   RUB   55.000
BNP Paribas Emissions 12.00012/21/2023   EUR   62.640
Metropole de Lyon      0.37612/22/2044   EUR   50.867
United Kingdom Inflat  0.125 3/22/2068   GBP   63.678
Societe Generale SA    4.740 3/24/2030   USD   75.352
LSF9 Balta Issuer SAR  3.00012/31/2030   EUR   65.002
Caisse Francaise de F  1.93012/14/2048   EUR   72.698
Credit Agricole Corpo 11.190 1/15/2026   TRY   60.648
Barclays Bank PLC      3.020 4/23/2036   NZD   72.282
Banque Internationale  1.08510/22/2040   EUR   61.145
Communaute Francaise   1.520 7/22/2069   EUR   53.076
Communaute Francaise   1.652 1/26/2038   EUR   75.630
Department of Gironde  0.846 4/29/2039   EUR   67.600
Communaute Francaise   1.940 2/19/2048   EUR   67.073
DZ Bank AG Deutsche Z  0.70011/30/2035   EUR   67.856
Communaute Francaise   1.950  8/9/2049   EUR   67.568
National Grid Electri  2.500 7/24/2035   AUD   67.068
Lloyds Bank PLC        2.480  7/5/2038   SEK   75.254
Assistance Publique H  1.053 5/25/2052   EUR   51.533
Nederlandse Waterscha  0.26011/10/2036   EUR   68.749
Banque Internationale  1.020 3/25/2040   EUR   61.377
Communaute Francaise   1.600 6/22/2047   EUR   63.959
Landesbank Saar        0.54011/18/2033   EUR   70.913
Banque Internationale  0.77511/18/2032   EUR   72.859
Muenchener Hypotheken  1.54311/16/2048   EUR   67.313
Grand Delta Habitat    1.820 3/18/2050   EUR   61.435
Department of Bouches  0.668  4/1/2042   EUR   59.687
Communaute Francaise   2.500  7/6/2087   EUR   73.878
Banque Internationale  1.000 2/18/2036   EUR   68.263
Communaute Francaise   1.976  2/5/2048   EUR   67.653
Vasakronan AB          0.950 3/22/2039   JPY   72.201
Credit Bank of Moscow  3.100 1/21/2026   EUR   22.702
Banque Internationale  1.190 1/18/2041   EUR   61.761
Communaute Francaise   1.815 3/26/2049   EUR   66.118
Communaute Francaise   1.820 3/27/2049   EUR   66.193
Region Wallonne Belgi  1.600 3/29/2039   EUR   73.670
DZ Bank AG Deutsche Z  0.510 1/25/2036   EUR   65.499
Banque Internationale  0.510 2/10/2031   EUR   75.294
Communaute Francaise   1.617  2/7/2039   EUR   73.228
DZ Bank AG Deutsche Z  0.400  9/1/2033   EUR   75.456
Societe Du Grand Pari  1.955 4/16/2069   EUR   57.278
Communaute Francaise   1.700 4/15/2049   EUR   63.866
Communaute Francaise   1.725 4/23/2049   EUR   67.960
Communaute Francaise   1.925 4/18/2059   EUR   63.019
Banque Internationale  1.01012/12/2039   EUR   61.599
Region de Bruxelles-C  1.472 4/29/2044   EUR   67.938
Communaute Francaise   1.363 4/16/2040   EUR   68.869
Communaute Francaise   0.818 8/28/2050   EUR   49.081
Communaute Francaise   1.000 10/8/2069   EUR   41.613
DNB Bank ASA           1.185 1/14/2038   EUR   70.504
Communaute Francaise   0.886 6/22/2057   EUR   44.235
Communaute Francaise   0.500 6/27/2046   EUR   49.182
Virgolino de Oliveira 11.750  2/9/2022   USD    0.425
Lehman Brothers Treas  0.500  8/1/2020   EUR    0.100
VTB Bank PJSC          0.01010/14/2026   RUB   70.010
Biznes Nedvizhimost J 10.80012/18/2026   RUB   62.000
SG Issuer SA           5.000  4/2/2024   EUR   54.700
Leonteq Securities AG  6.00012/27/2023   CHF   64.420
Leonteq Securities AG 28.000 4/11/2024   CHF   32.150
Leonteq Securities AG 24.000 4/11/2024   CHF   51.590
Leonteq Securities AG 23.000 6/26/2024   CHF   56.580
Leonteq Securities AG 23.000 3/13/2024   USD   42.320
Ardshinbank CJSC       9.250  2/8/2025   AMD    0.000
Leonteq Securities AG 20.000 6/19/2024   CHF   55.390
Leonteq Securities AG 22.000  1/9/2024   CHF   46.970
Leonteq Securities AG 24.00012/15/2023   CHF   44.250
Leonteq Securities AG 24.000 5/22/2024   CHF   59.650
Rosbank PJSC           0.020 4/30/2024   RUB   70.000
Credit Suisse AG/Lond  1.660  2/2/2035   EUR   69.564
UniCredit Bank AG      6.600 7/20/2028   EUR #N/A N/A
Bank Vontobel AG       7.200 1/19/2027   EUR    9.900
Landesbank Hessen-Thu  1.250  4/7/2037   EUR   75.400
UBS AG/London          9.500 12/8/2023   USD   54.650
Swissquote Bank SA    29.720 12/5/2023   CHF   18.200
SG Issuer SA           2.270  2/4/2032   EUR   64.390
Rosselkhozbank JSC    10.100             RUB   75.000
VTB Bank PJSC          8.400 5/21/2030   RUB   75.000
Societe Generale SA    4.251 8/29/2034   USD   70.038
UniCredit Bank AG      0.610  5/2/2033   EUR   73.337
BNP Paribas SA         3.170  1/7/2041   AUD   62.253
Kuntarahoitus Oyj      0.130  9/2/2033   EUR   75.598
Natixis SA             2.530 8/30/2036   AUD   61.919
Credit Agricole Corpo  1.000 1/31/2033   AUD   65.734
Landwirtschaftliche R  0.400 7/29/2036   EUR   71.531
Landesbank Baden-Wuer  0.060  9/1/2031   EUR   74.228
NRW Bank               1.021 8/11/2051   EUR   56.323
Belfius Bank SA        0.780 7/22/2036   EUR   71.850
MMC Norilsk Nickel OJ  6.62510/14/2022   USD   72.500
UniCredit Bank AG      4.05012/27/2023   EUR   42.190
Leonteq Securities AG  7.000 1/31/2024   CHF   13.950
Kingdom of Belgium Go  1.600 6/22/2047   EUR   69.963
Norske Skog Holding A  8.000 2/24/2023   USD    0.006
Region Wallonne Belgi  1.741  4/7/2039   EUR   74.109
Ukraine Government Bo 11.570  3/1/2028   UAH   56.631
Region Wallonne Belgi  1.717  2/2/2038   EUR   76.036
Region Wallonne Belgi  1.107 10/3/2036   EUR   71.882
New World Resources N  8.000  4/7/2020   EUR    0.105
Credit Suisse AG/Lond  1.000 9/24/2035   EUR   70.643
Nederlandse Waterscha  0.750 10/4/2041   EUR   64.744
Landesbank Hessen-Thu  0.530 11/4/2031   EUR   74.394
Landesbank Baden-Wuer  0.14010/20/2031   EUR   74.361
Department of Bouches  0.457 10/8/2040   EUR   59.920
Department of Loiret   0.50010/30/2042   EUR   56.389
UBS AG/London          0.120 5/25/2040   MXN   15.710
Rikshem AB             2.900 1/23/2035   AUD   68.240
Department of Loiret   0.47810/30/2040   EUR   60.053
DNB Boligkreditt AS    1.594 1/29/2043   EUR   73.129
Department of Bouches  0.467 12/8/2044   EUR   52.232
Region Provence-Alpes  1.54711/29/2038   EUR   73.900
Santander Internation  1.100 12/7/2040   EUR   64.674
Region Wallonne Belgi  1.250 4/30/2055   EUR   50.063
Assistance Publique H  1.073 4/16/2045   EUR   60.385
Thomas Cook Finance 2  3.875 7/15/2023   EUR    0.804
Department of Bouches  0.445 12/8/2043   EUR   53.609
Department of Bouches  0.490 12/8/2045   EUR   50.936
Italy Buoni Poliennal  0.150 5/15/2051   EUR   60.204
Department of Bouches  0.671  5/5/2042   EUR   59.556
Societe Publique d'Ad  2.003 9/27/2044   EUR   73.835
DZ HYP AG              1.965 7/19/2058   EUR   67.264
Credito Padano Banca   3.100             EUR   36.620
Region Wallonne Belgi  2.168 7/26/2047   EUR   71.250
HSBC Continental Euro  1.500 7/26/2049   EUR   61.162
Department of Bouches  0.561 9/15/2035   EUR   73.001
Department of Bouches  0.558 3/15/2035   EUR   74.218
Ukraine Government Bo  8.52011/10/2033   UAH   33.863
Citigroup Global Mark  0.520 3/19/2033   EUR   71.605
Hypo Vorarlberg Bank   0.40012/22/2031   EUR   70.177
Barclays Bank PLC      2.07012/18/2035   USD   65.457
Kuntarahoitus Oyj      0.87010/11/2050   EUR   62.738
HSBC Continental Euro  2.220 1/24/2048   EUR   71.981
Caisse des Depots et   1.275  5/5/2051   EUR   55.263
Societe Generale SA    2.970 4/15/2036   USD   68.469
Barclays Bank PLC      1.23511/27/2040   EUR   63.488
State of North Rhine-  0.200 7/17/2034   EUR   74.627
Region Wallonne Belgi  0.150 5/10/2035   EUR   68.348
Kreditanstalt fuer Wi  0.21011/18/2037   EUR   66.114
Purple Protected Asse  1.48011/30/2060   EUR   40.585
Region Wallonne Belgi  1.94510/20/2039   EUR   75.284
Deutsche Bank Luxembo  2.386 4/27/2029   EUR   73.812
Region Wallonne Belgi  1.93010/20/2039   EUR   75.113
Muenchener Hypotheken  1.666  8/7/2042   EUR   75.657
Department of Bouches  0.54312/15/2034   EUR   74.698
Aareal Bank AG         1.475 7/19/2029   EUR   75.199
NRW Bank               1.182  8/7/2050   EUR   57.912
Republic of Ireland I  1.180 5/25/2087   EUR   46.928
Department of Bouches  0.906 5/20/2039   EUR   68.183
Department of Bouches  0.87212/18/2037   EUR   70.900
Barclays Bank PLC      2.000 10/8/2042   EUR   66.533
HSBC Continental Euro  2.200 2/27/2049   EUR   71.760
Communaute Francaise   0.749 9/16/2080   EUR   46.773
Societe Generale SA    2.120  1/6/2036   USD   62.242
Bayerische Landesbode  0.700 6/12/2037   EUR   70.847
Wirtschafts- und Infr  0.208 1/28/2043   EUR   53.718
Region Wallonne Belgi  0.25012/29/2036   EUR   64.817
Deutsche Bank AG/Lond  0.500  4/5/2038   MXN   24.160
AB Financial Products  3.952 7/30/2040   EUR   71.170
Barclays Bank PLC      2.320 1/11/2041   USD   58.983
Italy Buoni Poliennal  0.950  3/1/2037   EUR   66.850
Credit Agricole Corpo  2.700  6/3/2035   AUD   69.869
BPCE SFH SA            1.390 3/11/2039   EUR   73.419
Region Wallonne Belgi  1.165 6/29/2059   EUR   48.734
LFA Foerderbank Bayer  0.160  1/2/2040   EUR   61.997
Erste Group Bank AG    1.540 3/18/2034   EUR   74.143
Department of Gironde  0.979 6/25/2040   EUR   66.915
Bayerische Landesbank  0.380 1/22/2031   EUR   75.082
BNG Bank NV            0.772  8/5/2050   EUR   51.847
Caisse des Depots et   0.642 2/12/2041   EUR   59.233
Communaute Francaise   1.380 11/7/2046   EUR   61.231
Department of Bouches  0.855 5/20/2038   EUR   69.754
Barclays Bank PLC      6.400 6/16/2031   MXN   69.514
Landeskreditbank Bade  0.605 6/16/2036   EUR   74.771
Landesbank Hessen-Thu  0.900  7/8/2036   EUR   64.966
BNP Paribas SA         1.130 5/26/2036   EUR   70.039
Deutsche Bank AG       2.348 8/15/2034   EUR   72.287
BNP Paribas SA         1.010 10/5/2035   EUR   67.356
Societe Du Grand Pari  1.923 5/25/2066   EUR   56.992
Norske Skogindustrier  7.12510/15/2033   USD    0.010
Lehman Brothers Treas  8.00012/27/2032   JPY    0.100
Banque Cantonale de F  0.100 11/1/2044   CHF   74.004
Deutsche Bank AG/Lond 11.210 6/26/2025   TRY   72.624
Norddeutsche Landesba  1.00010/13/2036   EUR   65.919
NRW Bank               0.92110/20/2041   EUR   66.633
Rio Forte Investments  4.75011/10/2015   EUR    2.388
Banco Santander SA     1.020  1/4/2034   EUR   71.686
Region de Bruxelles-C  1.810 3/22/2053   EUR   61.849
Communaute Francaise   0.771 8/25/2050   EUR   46.963
Region Wallonne Belgi  1.225  9/2/2120   EUR   35.288
DZ Bank AG Deutsche Z  0.750 9/21/2035   EUR   68.546
Astana Finance BV      7.875  6/8/2010   EUR   16.000
KPNQwest NV            7.125  6/1/2009   EUR    0.783
Region de Bruxelles-C  1.922 4/24/2059   EUR   58.990
Erste Group Bank AG    1.400  5/7/2034   EUR   72.497
Landesbank Hessen-Thu  1.23512/10/2049   EUR   60.079
BNP Paribas SA         3.080 8/28/2039   AUD   59.551
Santander Internation  1.70012/12/2049   EUR   49.752
Erste Group Bank AG    0.77011/13/2033   EUR   69.111
Lehman Brothers Treas  5.500 6/22/2010   USD    0.100
LBI ehf                8.650  5/1/2011   ISK    7.750
Oberbank AG            0.230 10/7/2041   EUR   57.537
Berlin Hyp AG          1.157 12/9/2039   EUR   62.260
National Grid Electri  3.12012/10/2039   AUD   64.836
Berlin Hyp AG          0.34912/10/2031   EUR   74.247
Credit Agricole Corpo 10.20012/13/2027   TRY   49.619
LBI ehf                2.250 2/14/2011   CHF    7.750
Region Wallonne Belgi  0.591 2/10/2040   EUR   59.067
Credit Agricole Corpo 10.150  2/5/2025   TRY   72.332
Kreditanstalt fuer Wi  0.88511/14/2039   EUR   70.845
Region Wallonne Belgi  1.890 5/22/2045   EUR   70.225
Norske Skogindustrier  7.00012/30/2026   EUR    0.010
Norske Skogindustrier  2.00012/30/2115   EUR    0.367
Credit Suisse AG/Lond  4.750  6/7/2046   AUD   71.859
Bilt Paper BV         10.360             USD    1.220
Kreditanstalt fuer Wi  0.66011/12/2039   EUR   68.920
Lloyds Bank PLC        2.580 3/28/2039   SEK   75.403
SG Issuer SA           0.263 2/20/2025   EUR   23.700
Leonteq Securities AG 20.000 4/24/2024   CHF   57.540
Landesbank Baden-Wuer  4.00012/22/2023   EUR   71.440
Landesbank Baden-Wuer 11.000 3/22/2024   EUR   40.530
JP Morgan Structured  13.000 6/28/2033   ZMW   56.668
Nordea Bank Abp        3.050 7/20/2027   SEK   67.250
Mostotrest PJSC        0.010 7/29/2026   RUB   66.500
DZ Bank AG Deutsche Z  5.000 6/26/2024   EUR   68.840
Raiffeisen Switzerlan  6.000 1/18/2024   CHF   53.910
Rosselkhozbank JSC     9.000             RUB   74.360
UBS AG/London         18.000  4/8/2024   CHF   40.200
Barclays Bank PLC      2.300 8/31/2036   USD   66.096
Ukraine Government In  7.750  8/1/2041   USD   43.762
Landesbeteiligungen B  1.450 6/15/2046   EUR   58.317
Communaute Francaise   2.000 4/14/2076   EUR   64.857
Danske Bank A/S        0.805 8/12/2036   EUR   72.215
Landesbank Hessen-Thu  0.700 11/4/2033   EUR   69.745
Bayerische Landesbank  1.320 9/16/2033   EUR   74.213
Hungary Government Bo  3.00010/27/2038   HUF   64.990
Santander Internation  1.192 12/7/2045   EUR   60.948
Banque Internationale  2.120 8/20/2040   EUR   74.452
Landesbank Baden-Wuer  0.620 2/18/2036   EUR   63.818
Ministeries Van de Vl  0.940 5/12/2050   EUR   48.028
Communaute Francaise   1.91712/14/2045   EUR   69.991
Ukraine Government Bo  6.00010/11/2028   UAH   40.342
Republic of Austria G  2.100 9/20/2117   EUR   70.444
Citigroup Global Mark  2.900 3/15/2041   USD   69.587
Cooperatieve Rabobank  1.485  9/3/2041   EUR   73.186
Natixis SA             2.710 5/26/2036   USD   73.639
State of Lower Austri  1.886  3/2/2048   EUR   72.138
Raiffeisen-Landesbank  0.550 1/20/2031   EUR   74.407
Ukraine Government Bo  9.000 7/17/2030   UAH   41.515
Credit Bank of Moscow  5.150 2/20/2024   EUR   30.966
Natixis SA             0.300 6/25/2048   USD   32.023
Region de Bruxelles-C  1.100 5/25/2051   EUR   53.382
Landesbank Hessen-Thu  1.15011/24/2036   EUR   69.237
DZ Bank AG Deutsche Z  0.500 8/30/2034   EUR   68.958
Lehman Brothers Treas  1.750  2/7/2010   EUR    0.100
Eika Boligkreditt AS   0.56011/29/2039   EUR   63.303
Assa Abloy AB          0.650 8/28/2034   EUR   72.297
Kreditanstalt fuer Wi  0.250 10/6/2036   CAD   53.306
Municipality of Arnhe  0.605 2/24/2040   EUR   66.191
Turkiye Government Bo 10.280 9/15/2027   TRY   60.500
Region de Bruxelles-C  0.976 11/4/2058   EUR   41.968
Landesbank Baden-Wuer  0.650 12/1/2031   EUR   74.673
Cie de Financement Fo  1.101 5/17/2039   EUR   71.250
Bank Vontobel AG       6.500  9/5/2024   CHF   73.600
Leonteq Securities AG 11.00012/11/2024   CHF   59.730
Swissquote Bank SA    24.040 9/11/2024   CHF   67.650
Leonteq Securities AG 22.000 9/11/2024   CHF   66.260
Leonteq Securities AG 18.000 9/11/2024   CHF   72.180
HSBC Trinkaus & Burkh 19.000 6/28/2024   EUR   66.400
HSBC Trinkaus & Burkh 20.750 3/22/2024   EUR   62.870
HSBC Trinkaus & Burkh  8.50012/30/2024   EUR   74.040
Bank Julius Baer & Co  8.850  9/9/2024   EUR   65.200
Leonteq Securities AG 25.00012/11/2024   CHF   59.920
HSBC Trinkaus & Burkh 15.000 6/28/2024   EUR   70.970
HSBC Trinkaus & Burkh  9.000 3/22/2024   EUR   68.680
Leonteq Securities AG  7.000  2/9/2024   CHF   54.550
Landesbank Hessen-Thu  2.000 3/16/2037   EUR   70.400
Landesbank Baden-Wuer  3.000 2/27/2026   EUR   68.890
Landesbank Baden-Wuer  4.000 2/27/2026   EUR   73.130
Bank Julius Baer & Co  5.750 2/12/2024   CHF   54.300
Leonteq Securities AG  5.200 2/14/2024   EUR   70.410
Leonteq Securities AG  8.000 2/14/2024   CHF   55.680
Leonteq Securities AG  5.000 2/14/2024   CHF   70.300
Landesbank Baden-Wuer  3.000 2/27/2026   EUR   63.470
Landesbank Baden-Wuer  3.000 2/27/2026   EUR   55.570
Bank Vontobel AG      10.750 2/12/2024   CHF   64.000
UBS AG/London          6.250  3/4/2024   CHF   55.450
UBS AG/London          7.750  3/4/2024   USD   68.700
UBS AG/London          5.250  3/4/2024   EUR   58.850
SG Issuer SA           0.300 2/16/2032   EUR   31.720
Raiffeisen Schweiz Ge  6.100 2/21/2024   CHF   69.550
Raiffeisen Schweiz Ge  7.200 2/21/2024   CHF   56.070
Landesbank Baden-Wuer  3.100 2/26/2027   EUR   65.310
Leonteq Securities AG  8.000 2/22/2024   CHF   59.300
UBS AG/London         12.250 3/11/2024   CHF   13.820
UBS AG/London         12.250 3/11/2024   EUR   45.050
Raiffeisen Schweiz Ge  6.700 2/14/2024   CHF   70.390
Luzerner Kantonalbank  8.000 2/14/2024   CHF   54.810
Bank Vontobel AG       5.750 2/16/2024   CHF   67.700
UBS AG/London         16.000 3/11/2024   CHF   14.760
Basler Kantonalbank   22.000  9/6/2024   CHF   66.440
UniCredit Bank AG     14.800 9/27/2024   EUR   73.620
UniCredit Bank AG     15.800 9/27/2024   EUR   72.230
UniCredit Bank AG     18.000 9/27/2024   EUR   69.890
UniCredit Bank AG     19.100 9/27/2024   EUR   68.870
Leonteq Securities AG 20.000 8/28/2024   CHF   57.130
UniCredit Bank AG     14.800 2/23/2024   EUR   74.190
Vontobel Financial Pr 18.000 9/27/2024   EUR   59.060
Zurcher Kantonalbank   8.000 8/21/2024   CHF   73.210
Swissquote Bank SA    23.200 8/28/2024   CHF   64.020
Leonteq Securities AG 22.000 8/28/2024   CHF   49.900
Leonteq Securities AG 10.000 2/25/2025   CHF   72.550
Raiffeisen Schweiz Ge 20.000 8/28/2024   CHF   70.730
Leonteq Securities AG 24.000 8/14/2024   CHF   63.260
Leonteq Securities AG 22.000 8/14/2024   CHF   59.160
UBS AG/London          9.500 8/15/2029   EUR   62.740
Leonteq Securities AG 21.000 8/14/2024   CHF   56.790
DZ Bank AG Deutsche Z  4.500 3/20/2024   EUR   70.110
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   71.410
Zurcher Kantonalbank  10.000 7/12/2024   EUR   74.060
Swissquote Bank SA    26.040 7/17/2024   CHF   48.780
Leonteq Securities AG 12.00010/14/2024   CHF   73.760
Raiffeisen Switzerlan 10.000 7/17/2024   CHF   73.000
Vontobel Financial Pr 20.000 9/27/2024   EUR   65.270
Vontobel Financial Pr 11.500 9/27/2024   EUR   70.930
Vontobel Financial Pr 15.500 9/27/2024   EUR   67.320
Vontobel Financial Pr 10.500 9/27/2024   EUR   72.660
Vontobel Financial Pr 12.500 9/27/2024   EUR   69.330
Vontobel Financial Pr 14.000 9/27/2024   EUR   68.230
Vontobel Financial Pr 17.000 9/27/2024   EUR   66.540
Vontobel Financial Pr 18.500 9/27/2024   EUR   65.910
Landesbank Baden-Wuer  7.250 7/26/2024   EUR   70.360
Zurcher Kantonalbank  10.10010/10/2024   USD   68.490
Swissquote Bank SA    21.320 7/17/2024   CHF   65.520
Leonteq Securities AG 21.000 7/17/2024   CHF   65.390
Raiffeisen Schweiz Ge  9.000 1/14/2025   CHF   73.100
DZ Bank AG Deutsche Z  6.500 6/26/2024   EUR   74.140
DZ Bank AG Deutsche Z  9.750 6/26/2024   EUR   74.370
DZ Bank AG Deutsche Z  4.250 9/25/2024   EUR   73.420
DZ Bank AG Deutsche Z  6.250 9/25/2024   EUR   69.620
DZ Bank AG Deutsche Z  4.500 9/25/2024   EUR   74.770
Zurcher Kantonalbank  17.750 3/20/2024   CHF   74.100
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   74.270
DZ Bank AG Deutsche Z  6.250 9/25/2024   EUR   64.120
DZ Bank AG Deutsche Z  9.00012/27/2024   EUR   71.660
Societe Generale Effe 10.750 9/27/2024   EUR   72.530
Leonteq Securities AG  6.400  2/3/2025   EUR   70.300
Vontobel Financial Pr 12.000  2/9/2024   EUR   61.540
Bank Vontobel AG       8.000  8/5/2024   EUR   67.100
Credit Suisse AG/Lond  7.250 8/22/2024   CHF   71.330
Vontobel Financial Pr  9.500 9/27/2024   EUR   73.840
Leonteq Securities AG 22.000 10/2/2024   CHF   71.420
Bank Julius Baer & Co  6.350 7/18/2024   CHF   66.400
Zurcher Kantonalbank  10.000 7/12/2024   CHF   69.870
Zurcher Kantonalbank  15.000 7/12/2024   CHF   61.820
Zurcher Kantonalbank  10.000 7/12/2024   CHF   73.600
UniCredit Bank AG     13.800 9/27/2024   EUR   75.100
UniCredit Bank AG     16.900 9/27/2024   EUR   71.020
DZ Bank AG Deutsche Z 17.000 3/22/2024   EUR   74.450
DZ Bank AG Deutsche Z 23.000 6/28/2024   EUR   70.850
UniCredit Bank AG     19.500 6/28/2024   EUR   74.020
UniCredit Bank AG     13.500 3/22/2024   EUR   58.170
UniCredit Bank AG     15.100 3/22/2024   EUR   65.960
UniCredit Bank AG     16.300 3/22/2024   EUR   60.990
EFG International Fin  4.90012/15/2023   USD   43.230
Leonteq Securities AG 11.00010/11/2024   CHF   60.390
Corner Banca SA       13.000 7/11/2024   CHF   69.960
Vontobel Financial Pr 11.000 3/22/2024   EUR   66.620
UniCredit Bank AG      5.800 1/12/2024   EUR   23.010
Vontobel Financial Pr 21.000 9/27/2024   EUR   62.860
Raiffeisen Schweiz Ge 20.000  8/7/2024   CHF   51.450
DZ Bank AG Deutsche Z 26.000 3/22/2024   EUR   64.140
UniCredit Bank AG     19.70012/22/2023   EUR   68.860
Swissquote Bank SA    16.380 7/31/2024   CHF   47.360
UniCredit Bank AG     17.300 3/22/2024   EUR   75.400
Bank Julius Baer & Co  6.900  2/7/2025   CHF   73.450
UniCredit Bank AG     11.60012/31/2024   EUR   68.710
Vontobel Financial Pr 11.250 3/22/2024   EUR   71.190
UniCredit Bank AG     23.20012/22/2023   EUR   55.410
UniCredit Bank AG     19.100 3/22/2024   EUR   70.900
DekaBank Deutsche Gir  2.000 1/12/2024   EUR   62.780
Unibank OJSC           5.300  2/5/2024   USD    0.000
UniCredit Bank AG      1.550 7/18/2031   EUR   74.280
UniCredit Bank AG     10.850  2/1/2024   EUR   72.740
DZ Bank AG Deutsche Z 23.900 6/28/2024   EUR   73.850
Basler Kantonalbank   10.000 1/20/2025   CHF   72.930
UBS AG/London         19.500 7/19/2024   CHF   71.400
BNP Paribas Emissions  3.000 3/21/2024   EUR   70.150
BNP Paribas Emissions  4.000 6/27/2024   EUR   73.380
BNP Paribas Emissions  6.000 6/27/2024   EUR   70.030
BNP Paribas Emissions  6.000 9/26/2024   EUR   71.280
BNP Paribas Emissions  7.00012/30/2024   EUR   72.520
Bank Vontobel AG       5.000 7/19/2024   CHF   64.900
Bank Vontobel AG      18.000 7/19/2024   CHF   54.300
Bank Vontobel AG       7.500 7/19/2024   CHF   42.500
Leonteq Securities AG 27.000 7/24/2024   CHF   49.680
Leonteq Securities AG 20.000  8/7/2024   CHF   46.400
Leonteq Securities AG 30.000  8/7/2024   CHF   44.600
Nordea Bank Abp        2.00012/29/2025   SEK   52.980
Zurcher Kantonalbank  10.000 1/24/2025   CHF   68.470
Vontobel Financial Pr 24.000 9/27/2024   EUR   59.550
Vontobel Financial Pr 22.500 9/27/2024   EUR   61.210
Vontobel Financial Pr 19.000 9/27/2024   EUR   71.670
Vontobel Financial Pr 23.000 9/27/2024   EUR   69.390
UniCredit Bank AG     17.20012/22/2023   EUR   72.100
UniCredit Bank AG     19.000 3/22/2024   EUR   72.880
ObedinenieAgroElita O 13.750 5/22/2024   RUB   43.000
Societe Generale SA   21.000 2/23/2026   USD   49.750
Landesbank Hessen-Thu  1.000  3/6/2035   EUR   68.250
Leonteq Securities AG 24.000 7/10/2024   CHF   59.820
Leonteq Securities AG 26.000 7/10/2024   CHF   45.810
Bank Julius Baer & Co  8.950  7/8/2024   EUR   63.850
Zurcher Kantonalbank  10.000  7/3/2024   CHF   70.890
Societe Generale Effe 10.750 6/28/2024   EUR   67.930
BNP Paribas Emissions  9.000 3/21/2024   EUR   71.260
BNP Paribas Emissions  8.500 3/21/2024   EUR   66.930
BNP Paribas Emissions 11.000 3/21/2024   EUR   67.630
BNP Paribas Emissions 12.000 3/21/2024   EUR   65.370
BNP Paribas Emissions 13.000 3/21/2024   EUR   63.290
BNP Paribas Emissions 15.000 3/21/2024   EUR   63.850
BNP Paribas Emissions  6.500 6/27/2024   EUR   74.050
BNP Paribas Emissions 11.000 6/27/2024   EUR   68.110
BNP Paribas Emissions 13.000 6/27/2024   EUR   64.520
BNP Paribas Emissions  7.00012/21/2023   EUR   69.380
BNP Paribas Emissions  8.50012/21/2023   EUR   65.110
BNP Paribas Emissions 11.00012/21/2023   EUR   65.210
BNP Paribas Emissions 14.00012/21/2023   EUR   62.730
BNP Paribas Emissions 15.00012/21/2023   EUR   60.380
BNP Paribas Emissions 19.00012/21/2023   EUR   60.530
BNP Paribas Emissions  7.000 3/21/2024   EUR   70.700
BNP Paribas Emissions  9.50012/30/2024   EUR   71.320
BNP Paribas Emissions 10.00012/30/2024   EUR   69.540
BNP Paribas Emissions 11.00012/30/2024   EUR   68.390
BNP Paribas Emissions 14.00012/30/2024   EUR   68.430
Vontobel Financial Pr 10.250 6/28/2024   EUR   69.420
Leonteq Securities AG 24.000 7/10/2024   CHF   48.840
Swissquote Bank SA    26.120 7/10/2024   CHF   49.720
Swissquote Bank SA    14.080 7/10/2024   CHF   72.480
Zurcher Kantonalbank   8.500  7/4/2025   CHF   74.570
Citigroup Global Mark 14.650 7/22/2024   HKD   34.410
Raiffeisen Switzerlan 20.000 7/10/2024   CHF   59.240
DZ Bank AG Deutsche Z  4.250 6/26/2024   EUR   65.370
DZ Bank AG Deutsche Z  5.000 9/25/2024   EUR   68.860
Reneszansz Kofarago z  3.200  4/9/2031   HUF   73.000
Landesbank Baden-Wuer  3.400 6/27/2025   EUR   65.810
Landesbank Baden-Wuer  4.200 6/27/2025   EUR   64.060
Raiffeisen Switzerlan 10.000 4/16/2024   USD   52.060
Citigroup Global Mark  2.500 4/29/2025   EUR   19.530
Citigroup Global Mark  2.560 4/29/2025   EUR   25.200
UniCredit Bank AG      1.120 1/20/2031   EUR   73.670
Otthon Centrum Holdin  3.000 4/19/2031   HUF   72.400
DekaBank Deutsche Gir  2.500 5/17/2024   EUR   53.600
DekaBank Deutsche Gir  2.400 5/17/2024   EUR   33.680
UBS AG/London          7.800 4/20/2026   EUR   45.840
ArmSwissBank CJSC      6.500 5/24/2025   USD    0.000
Swissquote Bank SA    10.300 4/18/2024   CHF   73.180
Credit Suisse AG/Lond  7.500 4/18/2024   CHF   60.540
DZ Bank AG Deutsche Z 12.700 3/22/2024   EUR   74.340
DZ Bank AG Deutsche Z 18.900 3/22/2024   EUR   63.970
DZ Bank AG Deutsche Z 22.900 3/22/2024   EUR   59.720
DZ Bank AG Deutsche Z 17.500 3/22/2024   EUR   67.860
DZ Bank AG Deutsche Z 21.60012/22/2023   EUR   63.990
DZ Bank AG Deutsche Z 18.700 3/22/2024   EUR   68.330
Vontobel Financial Pr 19.500 6/28/2024   EUR   57.240
Vontobel Financial Pr 20.000 6/28/2024   EUR   71.890
Vontobel Financial Pr 23.500 6/28/2024   EUR   68.000
Vontobel Financial Pr 18.500 6/28/2024   EUR   74.350
Vontobel Financial Pr 21.500 6/28/2024   EUR   69.690
Vontobel Financial Pr 16.500 6/28/2024   EUR   55.780
Vontobel Financial Pr 14.500 6/28/2024   EUR   57.860
Vontobel Financial Pr 12.000 6/28/2024   EUR   59.990
Vontobel Financial Pr 19.500 6/28/2024   EUR   54.670
Vontobel Financial Pr 10.500 6/28/2024   EUR   63.300
Vontobel Financial Pr 21.500 6/28/2024   EUR   64.640
Vontobel Financial Pr 11.000 6/28/2024   EUR   48.360
Vontobel Financial Pr 17.000 6/28/2024   EUR   72.270
Vontobel Financial Pr 20.000 6/28/2024   EUR   69.410
UBS AG/London         11.250 4/12/2024   USD   73.150
Basler Kantonalbank   17.000 7/19/2024   CHF   58.620
Credit Suisse AG/Lond  8.000 4/19/2024   CHF   60.000
Vontobel Financial Pr 14.000 6/28/2024   EUR   49.510
Vontobel Financial Pr 10.500 3/22/2024   EUR   52.210
Bank Vontobel AG       7.000 4/15/2024   CHF   59.500
Bank Vontobel AG       8.000 4/15/2024   CHF   38.400
UBS AG/London          7.00010/14/2024   CHF   72.300
UBS AG/London         14.50010/14/2024   CHF   64.000
UniCredit Bank AG      6.800 5/24/2027   EUR   67.720
BNP Paribas Emissions  5.500 8/19/2024   EUR   70.800
Leonteq Securities AG  8.000 4/24/2025   CHF   69.290
Leonteq Securities AG 30.000 4/24/2024   CHF   32.780
Vontobel Financial Pr  9.000 3/22/2024   EUR   61.870
Zurcher Kantonalbank  18.000 4/17/2024   CHF   31.760
Zurcher Kantonalbank   5.300 4/15/2024   CHF   63.780
BNP Paribas Emissions  5.00012/21/2023   EUR   60.000
BNP Paribas Emissions  3.000 3/21/2024   EUR   65.920
BNP Paribas Emissions  5.000 3/21/2024   EUR   62.090
BNP Paribas Emissions  7.000 3/21/2024   EUR   58.380
BNP Paribas Emissions  5.000 6/27/2024   EUR   65.570
BNP Paribas Emissions  7.000 6/27/2024   EUR   61.940
BNP Paribas Emissions  8.000 6/27/2024   EUR   58.840
BNP Paribas Emissions 13.000 6/27/2024   EUR   75.810
BNP Paribas Emissions 14.000 3/21/2024   EUR   73.890
Leonteq Securities AG 13.00010/21/2024   EUR   61.180
Leonteq Securities AG 22.000 4/24/2024   USD   74.430
Leonteq Securities AG  8.00010/21/2024   CHF   64.180
DekaBank Deutsche Gir  2.55012/22/2023   EUR   63.860
DekaBank Deutsche Gir  1.00012/23/2024   EUR   64.420
Vontobel Financial Pr 12.500  2/9/2024   EUR   61.620
Leonteq Securities AG 22.000  8/7/2024   CHF   53.510
BNP Paribas Issuance   1.200 8/12/2026   EUR   74.790
Bank Vontobel AG      20.500 11/4/2024   CHF   50.200
BNP Paribas Emissions 18.000 6/27/2024   EUR   64.190
BNP Paribas Emissions 12.00012/30/2024   EUR   71.640
BNP Paribas Emissions 10.000 3/21/2024   EUR   71.570
BNP Paribas Emissions 17.000 3/21/2024   EUR   64.460
Sberbank of Russia PJ  0.01011/23/2026   RUB   67.900
DekaBank Deutsche Gir  3.20012/20/2024   EUR   64.380
Citigroup Global Mark  4.95010/19/2029   CHF    9.415
Raiffeisen Schweiz Ge  7.000 5/22/2024   CHF   65.880
DekaBank Deutsche Gir  3.400  1/5/2024   EUR   57.340
Basler Kantonalbank    7.400  6/3/2024   CHF   67.740
Bank Vontobel AG       7.500  2/5/2024   CHF   57.700
Leonteq Securities AG 20.000 9/18/2024   CHF   72.420
Leonteq Securities AG 22.000 9/18/2024   CHF   60.070
UniCredit Bank AG     17.70012/22/2023   EUR   60.320
UniCredit Bank AG     17.300 3/22/2024   EUR   64.400
UniCredit Bank AG     17.800 6/28/2024   EUR   66.320
UniCredit Bank AG     19.70012/31/2024   EUR   68.340
DZ Bank AG Deutsche Z  6.750 3/20/2024   EUR   70.230
DZ Bank AG Deutsche Z  8.500 6/26/2024   EUR   64.130
Leonteq Securities AG 20.000 8/30/2024   CHF   70.590
EFG International Fin  8.000  3/5/2024   CHF   52.650
SG Issuer SA           5.000 5/30/2029   EUR   51.260
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   65.520
Leonteq Securities AG 17.000 12/5/2023   CHF   14.940
DZ Bank AG Deutsche Z 18.700 6/28/2024   EUR   74.410
Raiffeisen Schweiz Ge  5.800  2/7/2024   CHF   68.410
UniCredit Bank AG      4.900 3/10/2025   EUR   68.370
UniCredit Bank AG     20.00012/22/2023   EUR   63.010
UniCredit Bank AG     19.100 3/22/2024   EUR   67.410
UniCredit Bank AG     19.400 6/28/2024   EUR   69.330
UniCredit Bank AG     19.10012/31/2024   EUR   72.500
UniCredit Bank AG     20.00012/31/2024   EUR   71.740
UniCredit Bank AG     17.10012/22/2023   EUR   65.660
DekaBank Deutsche Gir  2.10012/13/2024   EUR   73.990
DekaBank Deutsche Gir  3.70012/15/2025   EUR   72.380
UniCredit Bank AG      4.55012/22/2025   EUR   50.660
BNP Paribas Emissions 17.000 6/27/2024   EUR   66.730
BNP Paribas Emissions 20.000 6/27/2024   EUR   65.270
BNP Paribas Emissions 11.00012/30/2024   EUR   72.920
BNP Paribas Emissions 13.00012/30/2024   EUR   70.510
BNP Paribas Emissions 14.000 3/21/2024   EUR   65.970
BNP Paribas Emissions 20.000 3/21/2024   EUR   62.070
Landesbank Hessen-Thu  0.50012/23/2036   EUR   64.750
HSBC Trinkaus & Burkh 14.750 4/26/2024   EUR   65.330
HSBC Trinkaus & Burkh 10.000 4/26/2024   EUR   68.370
HSBC Trinkaus & Burkh 16.250 5/24/2024   EUR   65.300
HSBC Trinkaus & Burkh 14.750 7/26/2024   EUR   66.880
HSBC Trinkaus & Burkh 20.250 6/28/2024   EUR   61.410
HSBC Trinkaus & Burkh 18.750 9/27/2024   EUR   64.390
Swissquote Bank SA    28.320 9/18/2024   CHF   66.470
UniCredit Bank AG     19.100 3/22/2024   EUR   62.620
UniCredit Bank AG     19.200 6/28/2024   EUR   65.060
UniCredit Bank AG     18.80012/31/2024   EUR   68.940
Landesbank Hessen-Thu  1.50012/16/2036   EUR   70.300
Landesbank Baden-Wuer  3.00011/28/2025   EUR   73.900
Landesbank Baden-Wuer  3.00011/28/2025   EUR   67.000
Bank Vontobel AG       6.250  5/7/2024   CHF   67.800
Metal Hungaria Holdin  3.50011/16/2031   HUF   70.000
Leonteq Securities AG  3.500 5/15/2024   EUR   69.160
DekaBank Deutsche Gir  2.70012/13/2024   EUR   69.570
UniCredit Bank AG      7.400 12/9/2024   EUR   40.760
BNP Paribas Emissions 22.000 3/21/2024   EUR   62.640
Leonteq Securities AG  9.000 1/31/2024   CHF   54.140
Leonteq Securities AG  5.000 1/31/2024   CHF   67.350
Leonteq Securities AG  7.000 1/31/2024   CHF   57.400
Raiffeisen Schweiz Ge  6.000 1/31/2024   CHF   67.470
UBS AG/London         15.240 1/31/2024   USD    5.237
EFG International Fin  8.000  2/2/2024   CHF   59.080
Landesbank Hessen-Thu  3.000 3/10/2037   EUR   68.600
Sberbank of Russia PJ  0.010  2/4/2027   RUB   67.600
Landesbank Hessen-Thu  1.000  3/9/2037   EUR   71.800
HSBC Trinkaus & Burkh  8.600 9/27/2024   EUR   59.420
HSBC Trinkaus & Burkh  6.20012/30/2024   EUR   65.690
Landesbank Baden-Wuer  7.500 6/27/2025   EUR   69.650
Raiffeisen Schweiz Ge 20.000 9/25/2024   CHF   65.070
Raiffeisen Schweiz Ge 20.000 9/25/2024   CHF   62.760
UniCredit Bank AG     11.70012/22/2023   EUR   57.640
UniCredit Bank AG     13.30012/22/2023   EUR   55.550
UniCredit Bank AG     14.900 3/22/2024   EUR   59.220
UniCredit Bank AG     16.400 3/22/2024   EUR   57.660
UniCredit Bank AG     19.600 3/22/2024   EUR   55.010
UniCredit Bank AG     15.800 6/28/2024   EUR   61.280
UniCredit Bank AG     17.000 6/28/2024   EUR   60.140
UniCredit Bank AG     19.500 6/28/2024   EUR   58.250
UniCredit Bank AG     17.20012/31/2024   EUR   64.330
UniCredit Bank AG     18.80012/31/2024   EUR   63.290
Bank Vontobel AG       6.000 6/26/2024   CHF   61.700
Bank Vontobel AG      13.000 6/26/2024   CHF   45.500
Bank Vontobel AG       9.000 6/17/2025   CHF   70.100
Bank Vontobel AG      18.50012/16/2024   CHF   47.900
DZ Bank AG Deutsche Z 20.400 3/22/2024   EUR   67.290
DZ Bank AG Deutsche Z 16.400 6/28/2024   EUR   73.660
DZ Bank AG Deutsche Z 24.100 6/28/2024   EUR   62.300
Bank Vontobel AG      20.000 6/26/2024   CHF   48.600
DZ Bank AG Deutsche Z 15.400 6/28/2024   EUR   74.940
DZ Bank AG Deutsche Z 18.900 3/22/2024   EUR   70.750
DZ Bank AG Deutsche Z 22.000 3/22/2024   EUR   66.070
DZ Bank AG Deutsche Z 17.400 6/28/2024   EUR   72.430
DZ Bank AG Deutsche Z 18.500 6/28/2024   EUR   71.320
UBS AG/London          9.75012/23/2024   CHF   67.450
UBS AG/London         10.250 6/21/2024   CHF   62.500
Vontobel Financial Pr 18.500 6/28/2024   EUR   67.890
Vontobel Financial Pr 22.500 6/28/2024   EUR   64.410
Vontobel Financial Pr 21.500 6/28/2024   EUR   70.300
Vontobel Financial Pr 17.500 6/28/2024   EUR   72.630
Banque Internationale 24.70012/21/2023   EUR   56.500
Vontobel Financial Pr 21.500 3/22/2024   EUR   68.760
Vontobel Financial Pr 23.500 3/22/2024   EUR   75.150
DZ Bank AG Deutsche Z  4.75012/18/2023   EUR   52.860
DZ Bank AG Deutsche Z 20.100 3/22/2024   EUR   71.050
DZ Bank AG Deutsche Z 21.000 9/27/2024   EUR   74.070
UniCredit Bank AG     15.40012/22/2023   EUR   53.640
UniCredit Bank AG     17.80012/22/2023   EUR   51.890
UniCredit Bank AG     17.900 3/22/2024   EUR   56.240
UniCredit Bank AG     18.200 6/28/2024   EUR   59.120
UniCredit Bank AG     18.00012/31/2024   EUR   63.780
UniCredit Bank AG     19.60012/31/2024   EUR   62.870
DZ Bank AG Deutsche Z  4.500 9/25/2024   EUR   65.540
DZ Bank AG Deutsche Z  4.70012/18/2023   EUR   68.340
DZ Bank AG Deutsche Z  7.75012/20/2023   EUR   59.760
Vontobel Financial Pr 15.000 3/22/2024   EUR   74.350
Vontobel Financial Pr 20.000 3/22/2024   EUR   70.420
Basler Kantonalbank   18.000 6/21/2024   CHF   68.100
DZ Bank AG Deutsche Z 24.200 3/22/2024   EUR   74.610
Vontobel Financial Pr 24.000 6/28/2024   EUR   51.780
Vontobel Financial Pr 23.000 6/28/2024   EUR   53.900
Leonteq Securities AG  6.000 1/31/2024   USD   67.660
Zurcher Kantonalbank   5.100 1/31/2025   CHF   21.080
Leonteq Securities AG  6.000  2/7/2024   CHF   44.660
Raiffeisen Schweiz Ge  5.500  2/7/2024   CHF   53.920
Leonteq Securities AG  7.000  2/7/2024   CHF   65.210
DZ Bank AG Deutsche Z  2.12012/29/2031   EUR   74.990
Bank Vontobel AG       6.200  2/2/2024   CHF   69.100
UBS AG/London          7.750 2/23/2024   EUR   69.550
UBS AG/London         19.000 7/12/2024   CHF   44.550
UBS AG/London         14.250 7/12/2024   EUR   54.500
Leonteq Securities AG  8.000 1/20/2025   EUR   73.890
DZ Bank AG Deutsche Z  7.500 9/27/2024   EUR   71.590
Ameriabank CJSC        9.500 7/14/2024   AMD    9.000
Basler Kantonalbank   21.000  7/5/2024   CHF   60.250
Zurcher Kantonalbank  10.000 7/12/2024   CHF   67.170
Societe Generale Effe  9.000 7/26/2024   EUR   72.270
Societe Generale Effe 11.000 7/26/2024   EUR   69.270
Societe Generale Effe 13.000 7/26/2024   EUR   67.370
DZ Bank AG Deutsche Z  9.900 7/26/2024   EUR   65.720
SG Issuer SA          11.170 7/20/2025   SEK   55.440
Raiffeisen Schweiz Ge 10.20010/28/2024   CHF   63.240
Raiffeisen Schweiz Ge  8.000  5/2/2025   CHF   68.330
Bank Vontobel AG      10.500 7/29/2024   EUR   56.100
DZ Bank AG Deutsche Z  0.680  6/7/2024   EUR   62.180
UBS AG/London         12.000 11/4/2024   EUR   62.100
Basler Kantonalbank   26.000  5/8/2024   CHF   37.170
UniCredit Bank AG     18.90012/22/2023   EUR   71.080
UniCredit Bank AG     19.200 6/28/2024   EUR   72.780
UniCredit Bank AG     19.600 3/22/2024   EUR   74.280
UniCredit Bank AG     14.500 3/22/2024   EUR   74.620
UniCredit Bank AG     18.100 3/22/2024   EUR   68.170
UniCredit Bank AG     18.00012/22/2023   EUR   72.470
UniCredit Bank AG     19.00012/22/2023   EUR   70.780
UniCredit Bank AG     20.00012/22/2023   EUR   69.170
UniCredit Bank AG     16.800 3/22/2024   EUR   75.730
UniCredit Bank AG     17.500 3/22/2024   EUR   74.330
UniCredit Bank AG     18.200 3/22/2024   EUR   72.980
UniCredit Bank AG     18.900 3/22/2024   EUR   71.680
UniCredit Bank AG     19.700 3/22/2024   EUR   70.450
UniCredit Bank AG     16.800 6/28/2024   EUR   76.730
UniCredit Bank AG     17.400 6/28/2024   EUR   75.700
UniCredit Bank AG     18.000 6/28/2024   EUR   74.690
UniCredit Bank AG     18.600 6/28/2024   EUR   73.720
Swissquote Bank SA    21.060 4/11/2024   CHF   36.560
Raiffeisen Schweiz Ge  9.000  5/2/2025   CHF   67.870
Raiffeisen Schweiz Ge 18.400  5/2/2024   CHF   33.780
Bank Vontobel AG      23.500 4/29/2024   CHF   32.800
UniCredit Bank AG      6.800 7/25/2024   EUR   63.590
Leonteq Securities AG 30.000  5/8/2024   CHF   39.380
Societe Generale Effe 12.750 9/27/2024   EUR   70.630
EFG International Fin  4.900 12/4/2023   USD   47.510
Bank Vontobel AG       9.500  7/1/2024   EUR   60.500
Vontobel Financial Pr  9.000 9/27/2024   EUR   70.100
HSBC Trinkaus & Burkh  7.000 1/26/2024   EUR   70.180
DZ Bank AG Deutsche Z  0.88012/30/2030   EUR   73.550
BNP Paribas Issuance  19.000 9/18/2026   EUR   52.620
UniCredit Bank AG     16.550 8/18/2025   USD   40.010
Zurcher Kantonalbank  24.673 6/28/2024   CHF   72.010
Bank Vontobel AG      10.000 6/28/2024   USD   72.900
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   68.490
Credit Suisse AG/Lond  9.50010/25/2024   CHF   67.270
Bank Vontobel AG      28.000  9/9/2024   CHF   65.400
Leonteq Securities AG  9.000  7/8/2024   CHF   55.840
Erste Group Bank AG   14.500  8/2/2024   EUR   51.050
Bank Vontobel AG      22.000  7/1/2024   CHF   57.600
BNP Paribas Issuance  16.000 9/18/2026   EUR   73.880
Leonteq Securities AG 25.00012/18/2024   CHF   61.130
HSBC Trinkaus & Burkh  6.700 9/27/2024   EUR   63.210
HSBC Trinkaus & Burkh  6.000 8/23/2024   EUR   66.390
Landesbank Baden-Wuer  6.100 6/27/2025   EUR   75.230
Leonteq Securities AG  9.200  7/7/2025   CHF   33.800
Landesbank Baden-Wuer  6.750 6/27/2025   EUR   72.550
HSBC Trinkaus & Burkh 10.500 9/27/2024   EUR   72.860
Bank Vontobel AG      20.000  1/5/2024   CHF   19.100
Citigroup Global Mark  6.220 9/25/2024   SGD    5.114
Landesbank Baden-Wuer  8.900 6/27/2025   EUR   68.190
HSBC Trinkaus & Burkh 15.200 3/22/2024   EUR   70.150
HSBC Trinkaus & Burkh  5.100 3/28/2025   EUR   67.380
HSBC Trinkaus & Burkh  6.200 1/26/2024   EUR   65.750
Landesbank Baden-Wuer  8.500 6/27/2025   EUR   66.420
HSBC Trinkaus & Burkh  8.300 9/27/2024   EUR   75.650
Landesbank Baden-Wuer  7.10011/22/2024   EUR   71.540
HSBC Trinkaus & Burkh  9.400 3/22/2024   EUR   76.260
Landesbank Baden-Wuer  7.70011/22/2024   EUR   66.430
HSBC Trinkaus & Burkh  5.00012/22/2023   EUR   67.930
HSBC Trinkaus & Burkh  6.900 9/27/2024   EUR   65.120
HSBC Trinkaus & Burkh  5.80012/30/2024   EUR   66.400
HSBC Trinkaus & Burkh  7.200 1/26/2024   EUR   64.570
HSBC Trinkaus & Burkh  6.900 2/23/2024   EUR   65.020
HSBC Trinkaus & Burkh  6.700 8/23/2024   EUR   65.650
Vontobel Financial Pr  8.500 6/28/2024   EUR   72.500
HSBC Trinkaus & Burkh 12.60012/22/2023   EUR   73.230
Landesbank Baden-Wuer  7.200 6/28/2024   EUR   63.990
HSBC Trinkaus & Burkh 11.20012/22/2023   EUR   70.000
Leonteq Securities AG 12.000 11/8/2024   CHF   70.660
Leonteq Securities AG 17.000  8/5/2024   USD   68.780
Societe Generale Effe  7.500 6/28/2024   EUR   72.750
Vontobel Financial Pr 12.00012/22/2023   EUR   66.710
Vontobel Financial Pr 11.00012/22/2023   EUR   69.690
Vontobel Financial Pr 11.50012/22/2023   EUR   68.190
Vontobel Financial Pr 13.50012/22/2023   EUR   64.130
Vontobel Financial Pr 10.50012/22/2023   EUR   71.150
Vontobel Financial Pr  9.50012/22/2023   EUR   72.800
Vontobel Financial Pr 19.50012/22/2023   EUR   54.560
Vontobel Financial Pr 18.00012/22/2023   EUR   56.340
Vontobel Financial Pr 14.50012/22/2023   EUR   61.690
Vontobel Financial Pr 16.50012/22/2023   EUR   58.400
Vontobel Financial Pr 12.50012/22/2023   EUR   65.350
Vontobel Financial Pr 15.50012/22/2023   EUR   60.500
Vontobel Financial Pr 14.00012/22/2023   EUR   62.910
Bank Vontobel AG      19.000  4/9/2024   CHF   22.100
DZ Bank AG Deutsche Z  5.50012/18/2023   EUR   72.960
DZ Bank AG Deutsche Z  6.20012/18/2023   EUR   71.900
Vontobel Financial Pr 17.50012/22/2023   EUR   68.970
Vontobel Financial Pr 21.00012/22/2023   EUR   63.700
Vontobel Financial Pr 20.00012/22/2023   EUR   65.150
Vontobel Financial Pr 15.50012/22/2023   EUR   73.590
Vontobel Financial Pr 19.00012/22/2023   EUR   67.000
Vontobel Financial Pr 16.50012/22/2023   EUR   71.060
SG Issuer SA          11.680 1/31/2024   CHF   43.200
DekaBank Deutsche Gir  2.450 8/30/2024   EUR   72.790
Landesbank Baden-Wuer  2.600 3/22/2024   EUR   71.610
Sberbank of Russia PJ  0.010 7/24/2028   RUB   66.000
Landesbank Baden-Wuer  2.250 8/22/2025   EUR   70.880
Landesbank Baden-Wuer  2.000 8/22/2025   EUR   71.280
Landesbank Baden-Wuer  4.000 8/22/2025   EUR   51.890
Landesbank Baden-Wuer  3.250 8/22/2025   EUR   53.430
UniCredit Bank AG      4.100  9/1/2025   EUR   71.880
Societe Generale SA   12.300 7/31/2024   USD   60.960
Erste Group Bank AG    4.500 8/31/2025   EUR   40.950
Landesbank Baden-Wuer  2.400 8/22/2025   EUR   71.870
Landesbank Baden-Wuer  2.500 8/22/2025   EUR   73.890
DZ Bank AG Deutsche Z  1.620 6/25/2031   EUR   71.590
Sberbank of Russia PJ  0.010  8/3/2028   RUB   65.020
DZ Bank AG Deutsche Z  4.250 9/25/2024   EUR   66.200
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   71.770
DZ Bank AG Deutsche Z  6.500 9/25/2024   EUR   62.740
DZ Bank AG Deutsche Z  5.000 3/20/2024   EUR   73.580
DZ Bank AG Deutsche Z  8.000 3/20/2024   EUR   62.280
DZ Bank AG Deutsche Z  6.75012/20/2023   EUR   65.670
DZ Bank AG Deutsche Z  7.500 6/26/2024   EUR   55.830
DZ Bank AG Deutsche Z  7.750 9/25/2024   EUR   67.110
Wellis Magyarorszag K  3.000 2/26/2031   HUF   71.155
Landesbank Baden-Wuer  3.200 3/27/2026   EUR   64.600
EFG International Fin  4.500 2/26/2024   USD   38.830
UniCredit Bank AG      4.600 3/26/2024   EUR   68.040
Landesbank Baden-Wuer  4.100 6/27/2025   EUR   66.730
Landesbank Hessen-Thu  1.400  3/5/2036   EUR   65.450
Societe Generale SA   14.000  4/3/2024   USD   14.500
UniCredit Bank AG      5.300  4/8/2025   EUR   61.540
Sberbank of Russia PJ  0.010  3/6/2028   RUB   68.800
DekaBank Deutsche Gir  2.250 7/14/2026   EUR   68.200
Landesbank Baden-Wuer  4.100 6/27/2025   EUR   59.350
DekaBank Deutsche Gir  2.000 6/28/2024   EUR   68.090
DekaBank Deutsche Gir  3.400 7/19/2024   EUR   31.740
Societe Generale Effe 11.250 8/23/2024   EUR   70.000
Societe Generale Effe 13.250 8/23/2024   EUR   68.160
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   68.500
UniCredit Bank AG     19.600 3/22/2024   EUR   70.220
UniCredit Bank AG     19.800 6/28/2024   EUR   71.820
UniCredit Bank AG     19.30012/31/2024   EUR   74.450
Zurcher Kantonalbank  19.000 8/23/2024   CHF   64.870
Societe Generale Effe  9.250 8/23/2024   EUR   73.050
DZ Bank AG Deutsche Z  6.800 6/28/2024   EUR   73.550
DZ Bank AG Deutsche Z 11.100 8/23/2024   EUR   67.430
DZ Bank AG Deutsche Z  7.20012/31/2024   EUR   72.860
DZ Bank AG Deutsche Z  8.30012/31/2024   EUR   70.900
DZ Bank AG Deutsche Z  9.50012/31/2024   EUR   69.250
DZ Bank AG Deutsche Z 12.50012/31/2024   EUR   67.170
EFG International Fin 11.500 12/8/2023   USD   57.450
UBS AG/London         13.75012/11/2023   CHF   16.740
DekaBank Deutsche Gir  2.100 9/27/2024   EUR   75.210
DekaBank Deutsche Gir  2.350 9/27/2024   EUR   38.690
UniCredit Bank AG     10.300 9/27/2024   EUR   37.250
DekaBank Deutsche Gir  2.85010/11/2024   EUR   65.170
DekaBank Deutsche Gir  2.25010/11/2024   EUR   72.340
Raiffeisen Schweiz Ge  4.000 9/10/2024   CHF   63.700
Erste Group Bank AG    4.500 10/1/2025   EUR   25.950
Landesbank Baden-Wuer  3.85010/24/2025   EUR   60.890
Landesbank Baden-Wuer  3.00010/24/2025   EUR   71.820
Landesbank Hessen-Thu  1.200 9/17/2036   EUR   64.900
UniCredit Bank AG      6.15010/21/2024   EUR   23.050
DZ Bank AG Deutsche Z  0.61012/30/2030   EUR   75.170
Societe Generale SA   20.000 9/18/2026   USD    9.500
Sberbank of Russia PJ  0.010 9/21/2026   RUB   73.100
Landesbank Baden-Wuer  3.000 9/25/2026   EUR   68.060
Landesbank Hessen-Thu  1.50010/27/2036   EUR   60.900
Landesbank Baden-Wuer  2.500 4/28/2025   EUR   73.640
Sberbank of Russia PJ  0.010 9/21/2028   RUB   67.010
DekaBank Deutsche Gir  4.450 4/27/2026   EUR   64.590
EFG International Fin 15.500  4/4/2024   CHF   49.830
Erste Group Bank AG    6.000  5/2/2026   EUR   62.400
Communication Technol  5.250 1/27/2032   HUF   65.000
IDBank CJSC            9.250 5/25/2024   AMD    0.000
Citigroup Global Mark  7.800 4/19/2027   EUR   63.160
BNP Paribas Emissions  8.00012/21/2023   EUR   73.280
BNP Paribas Emissions  9.00012/21/2023   EUR   67.730
BNP Paribas Emissions 11.00012/21/2023   EUR   63.010
BNP Paribas Emissions 14.00012/21/2023   EUR   48.130
BNP Paribas Emissions 15.00012/21/2023   EUR   46.260
BNP Paribas Emissions 12.00012/21/2023   EUR   65.710
BNP Paribas Emissions 10.00012/21/2023   EUR   56.630
BNP Paribas Emissions 15.00012/21/2023   EUR   43.910
BNP Paribas Emissions  7.00012/21/2023   EUR   75.370
BNP Paribas Emissions  8.00012/21/2023   EUR   70.430
BNP Paribas Emissions  9.00012/21/2023   EUR   66.100
BNP Paribas Emissions 12.00012/21/2023   EUR   74.810
BNP Paribas Emissions 12.00012/21/2023   EUR   52.380
BNP Paribas Emissions 10.00012/21/2023   EUR   57.960
BNP Paribas Emissions 11.00012/21/2023   EUR   55.270
BNP Paribas Emissions  7.00012/21/2023   EUR   66.610
BNP Paribas Emissions 10.00012/21/2023   EUR   59.370
BNP Paribas Emissions  6.00012/21/2023   EUR   62.510
BNP Paribas Emissions  8.00012/21/2023   EUR   56.930
BNP Paribas Emissions 10.00012/21/2023   EUR   52.290
BNP Paribas Emissions 11.00012/21/2023   EUR   50.650
BNP Paribas Emissions 12.00012/21/2023   EUR   48.370
BNP Paribas Emissions 12.00012/21/2023   EUR   55.390
BNP Paribas Emissions 14.00012/21/2023   EUR   49.590
BNP Paribas Emissions 12.00012/21/2023   EUR   51.050
BNP Paribas Emissions 13.00012/21/2023   EUR   49.990
BNP Paribas Emissions  7.00012/21/2023   EUR   69.500
BNP Paribas Emissions  7.00012/21/2023   EUR   65.240
BNP Paribas Emissions 10.00012/21/2023   EUR   57.260
Raiffeisen Schweiz Ge  8.600  1/4/2024   CHF   49.540
Raiffeisen Schweiz Ge  6.200  4/4/2024   CHF   64.700
UBS AG/London          7.250  4/3/2024   USD    9.264
Leonteq Securities AG 12.000 6/17/2024   CHF   71.000
Leonteq Securities AG 16.000 3/20/2024   CHF   49.800
Corner Banca SA       22.000 3/20/2024   CHF   28.170
Bank Julius Baer & Co  7.10012/20/2024   CHF   65.750
Zurcher Kantonalbank  16.000 6/14/2024   CHF   54.700
UBS AG/London         14.000 6/14/2024   USD   63.850
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   71.410
Bank Vontobel AG       7.000 12/4/2023   CHF   60.800
UBS AG/London          9.750 6/10/2024   CHF   62.700
Leonteq Securities AG  9.600 6/13/2024   CHF   65.350
Bank Vontobel AG       8.00012/11/2023   CHF   47.100
BNP Paribas Emissions  6.00012/21/2023   EUR   56.860
BNP Paribas Emissions  7.00012/21/2023   EUR   56.900
BNP Paribas Emissions  8.00012/21/2023   EUR   52.220
BNP Paribas Emissions  9.00012/21/2023   EUR   52.260
BNP Paribas Emissions 10.00012/21/2023   EUR   48.300
BNP Paribas Emissions 12.00012/21/2023   EUR   44.960
BNP Paribas Emissions 12.00012/21/2023   EUR   63.910
BNP Paribas Emissions 16.00012/21/2023   EUR   52.530
BNP Paribas Emissions  8.00012/21/2023   EUR   57.890
BNP Paribas Emissions 14.00012/21/2023   EUR   46.660
BNP Paribas Emissions 13.00012/21/2023   EUR   75.060
BNP Paribas Emissions 14.00012/21/2023   EUR   67.200
BNP Paribas Emissions  7.00012/21/2023   EUR   70.340
BNP Paribas Emissions  9.50012/21/2023   EUR   62.960
BNP Paribas Emissions 10.00012/21/2023   EUR   76.170
BNP Paribas Emissions 13.00012/21/2023   EUR   70.310
BNP Paribas Emissions 15.00012/21/2023   EUR   74.000
BNP Paribas Emissions 15.00012/21/2023   EUR   74.170
BNP Paribas Emissions 12.00012/21/2023   EUR   66.210
BNP Paribas Emissions 16.00012/21/2023   EUR   55.540
BNP Paribas Emissions 13.00012/21/2023   EUR   75.360
Bank Vontobel AG      10.000 8/19/2024   CHF   49.300
Swissquote Bank SA     8.320 8/21/2024   CHF   71.940
Corner Banca SA       23.000 8/21/2024   CHF   46.940
Leonteq Securities AG 24.000 8/21/2024   CHF   61.960
Raiffeisen Switzerlan 12.300 8/21/2024   CHF   54.320
UniCredit Bank AG     16.800 3/22/2024   EUR   48.350
UniCredit Bank AG     15.200 3/22/2024   EUR   49.550
Leonteq Securities AG 22.000  6/5/2024   CHF   72.240
Leonteq Securities AG 28.000  6/5/2024   CHF   38.210
Leonteq Securities AG  9.000 12/2/2024   CHF   67.650
Leonteq Securities AG 24.000  6/5/2024   CHF   56.130
Vontobel Financial Pr  8.000 6/28/2024   EUR   62.500
Vontobel Financial Pr 11.000 6/28/2024   EUR   60.410
Leonteq Securities AG  5.000  1/4/2024   CHF   64.240
Landesbank Baden-Wuer  4.60012/22/2023   EUR   26.570
Landesbank Baden-Wuer  2.40012/22/2023   EUR   33.600
Landesbank Baden-Wuer  3.00012/22/2023   EUR   56.860
Landesbank Baden-Wuer  9.50012/22/2023   EUR   68.200
Landesbank Baden-Wuer  5.30012/22/2023   EUR   70.080
Landesbank Baden-Wuer  6.00012/22/2023   EUR   65.100
Landesbank Baden-Wuer  7.50012/22/2023   EUR   56.700
Landesbank Baden-Wuer  2.70012/22/2023   EUR   75.270
Landesbank Baden-Wuer  6.50012/22/2023   EUR   54.370
Landesbank Baden-Wuer  3.10012/22/2023   EUR   62.620
Landesbank Baden-Wuer  8.10012/22/2023   EUR   37.580
Landesbank Baden-Wuer  3.00012/22/2023   EUR   59.680
Landesbank Baden-Wuer  4.30012/22/2023   EUR   60.420
Landesbank Baden-Wuer  6.10012/22/2023   EUR   59.620
Landesbank Baden-Wuer  3.10012/22/2023   EUR   28.560
Landesbank Baden-Wuer  4.15012/22/2023   EUR   60.160
Landesbank Baden-Wuer  4.50012/22/2023   EUR   37.300
Landesbank Baden-Wuer  6.00012/22/2023   EUR   74.120
Landesbank Baden-Wuer  4.30012/22/2023   EUR   52.750
Landesbank Baden-Wuer  6.75012/22/2023   EUR   74.700
UBS AG/London          5.75012/29/2023   CHF   61.800
Raiffeisen Switzerlan  6.500  1/3/2024   CHF   64.630
Landesbank Hessen-Thu  1.000 6/12/2035   EUR   70.400
Leonteq Securities AG 20.000  7/3/2024   CHF   50.290
Leonteq Securities AG 20.000  7/3/2024   CHF   60.560
Zurcher Kantonalbank  10.000 6/26/2024   CHF   68.460
UniCredit Bank AG      9.30012/31/2024   EUR   71.780
SG Issuer SA           5.000 5/23/2024   EUR   53.800
Vontobel Financial Pr 12.750 6/28/2024   EUR   64.260
Vontobel Financial Pr  9.000 6/28/2024   EUR   60.810
Vontobel Financial Pr 24.750 6/28/2024   EUR   48.500
Leonteq Securities AG 14.000 7/24/2024   CHF   70.120
Leonteq Securities AG 15.000 7/24/2024   CHF   47.310
Leonteq Securities AG 23.000 7/24/2024   CHF   47.150
Leonteq Securities AG  9.000 1/21/2025   CHF   72.310
Leonteq Securities AG 10.000 1/21/2025   EUR   73.580
Swissquote Bank SA    11.580 7/24/2024   CHF   69.290
Raiffeisen Switzerlan 10.250 1/21/2025   EUR   72.950
Raiffeisen Schweiz Ge 20.000 7/24/2024   CHF   54.670
Raiffeisen Schweiz Ge 16.000 7/24/2024   CHF   71.780
Bank Vontobel AG      25.000 7/22/2024   USD   47.700
Societe Generale SA    7.280  5/6/2024   USD   40.250
Basler Kantonalbank   26.00012/29/2023   USD   43.660
UBS AG/London         13.750  7/1/2024   CHF   60.100
Leonteq Securities AG 24.120  1/4/2024   CHF   40.900
Finca Uco Cjsc         6.500 4/20/2024   USD    0.000
Evocabank CJSC        11.000 9/28/2024   AMD   10.300
Evocabank CJSC         5.000 9/28/2024   USD    0.000
Leonteq Securities AG  7.000  6/7/2024   CHF   57.630
UniCredit Bank AG      5.600 6/30/2025   EUR   60.090
Raiffeisen Schweiz Ge 10.000 12/7/2023   CHF   28.730
Vontobel Financial Pr 25.000 6/28/2024   EUR   57.240
Vontobel Financial Pr 23.500 6/28/2024   EUR   67.600
HSBC Trinkaus & Burkh  7.700 9/27/2024   EUR   63.530
HSBC Trinkaus & Burkh  6.90012/30/2024   EUR   64.230
HSBC Trinkaus & Burkh  9.90012/22/2023   EUR   58.160
HSBC Trinkaus & Burkh  5.30012/22/2023   EUR   56.640
HSBC Trinkaus & Burkh  8.400 3/22/2024   EUR   60.020
HSBC Trinkaus & Burkh  6.200 6/28/2024   EUR   63.410
HSBC Trinkaus & Burkh 12.300 3/22/2024   EUR   50.490
HSBC Trinkaus & Burkh  6.400 9/27/2024   EUR   60.240
HSBC Trinkaus & Burkh 15.10012/22/2023   EUR   47.710
HSBC Trinkaus & Burkh  9.400 3/22/2024   EUR   53.870
HSBC Trinkaus & Burkh  6.700 3/22/2024   EUR   58.210
Leonteq Securities AG 14.000  7/3/2024   CHF   48.010
Leonteq Securities AG 24.000  7/3/2024   CHF   57.890
Landesbank Baden-Wuer  6.000  1/3/2025   EUR   73.480
Bank Vontobel AG       8.50012/23/2024   CHF   66.200
Vontobel Financial Pr 16.750 6/28/2024   EUR   60.180
Vontobel Financial Pr  7.000 6/28/2024   EUR   63.700
Vontobel Financial Pr  8.500 6/28/2024   EUR   71.030
Leonteq Securities AG 26.000  7/3/2024   CHF   45.670
Corner Banca SA       15.000  7/3/2024   CHF   71.000
Ardshinbank CJSC       9.750  7/3/2025   AMD    0.000
Zurcher Kantonalbank  10.000 6/26/2024   EUR   66.800
HSBC Trinkaus & Burkh  7.100 3/28/2025   EUR   65.570
HSBC Trinkaus & Burkh  6.200 3/28/2025   EUR   66.550
HSBC Trinkaus & Burkh  5.200 6/27/2025   EUR   68.000
HSBC Trinkaus & Burkh  6.300 7/26/2024   EUR   67.530
HSBC Trinkaus & Burkh  5.60011/22/2024   EUR   68.220
HSBC Trinkaus & Burkh 18.000 9/27/2024   EUR   76.490
DZ Bank AG Deutsche Z  5.00012/20/2023   EUR   71.340
DZ Bank AG Deutsche Z  6.750 2/21/2024   EUR   70.600
DZ Bank AG Deutsche Z  5.000 3/20/2024   EUR   73.510
DZ Bank AG Deutsche Z  5.000 6/26/2024   EUR   70.670
Leonteq Securities AG 10.000 5/30/2024   CHF   52.310
UBS AG/London          5.250 1/12/2024   USD   58.600
UBS AG/London          9.500 1/12/2024   CHF   46.950
UBS AG/London          5.500 1/12/2024   CHF   62.150
Landesbank Baden-Wuer  5.90012/22/2023   EUR   23.980
Landesbank Baden-Wuer  5.00012/22/2023   EUR   49.520
Landesbank Baden-Wuer  4.20012/22/2023   EUR   72.510
Landesbank Baden-Wuer  4.90012/22/2023   EUR   64.630
Landesbank Baden-Wuer  8.50012/22/2023   EUR   47.690
Landesbank Baden-Wuer  4.10012/22/2023   EUR   66.990
Landesbank Baden-Wuer  2.30012/22/2023   EUR   66.060
Landesbank Baden-Wuer  6.30012/22/2023   EUR   42.820
Landesbank Baden-Wuer  2.50012/22/2023   EUR   68.970
Landesbank Baden-Wuer  9.20012/22/2023   EUR   48.940
Landesbank Baden-Wuer  7.00012/22/2023   EUR   21.250
Landesbank Baden-Wuer  2.50012/22/2023   EUR   66.090
Landesbank Baden-Wuer  3.00012/22/2023   EUR   41.920
Landesbank Baden-Wuer  3.10012/22/2023   EUR   58.130
UBS AG/London          4.75012/29/2023   CHF   62.600
UBS AG/London          4.75012/29/2023   EUR   56.650
UBS AG/London          6.50012/29/2023   CHF   44.200
Bank Vontobel AG       5.000  1/4/2024   CHF   63.600
Leonteq Securities AG  7.000  1/5/2024   CHF   46.490
Raiffeisen Switzerlan  5.900  1/3/2024   CHF   64.740
VTB Bank PJSC          0.01011/25/2026   RUB   67.900
Landesbank Baden-Wuer  4.100 1/23/2026   EUR   72.520
Erste Group Bank AG    5.250 1/31/2026   EUR   30.000
UBS AG/London          6.25012/22/2023   CHF   44.350
UBS AG/London          8.00012/22/2023   USD   73.400
Unibank OJSC           9.800 2/26/2024   AMD    9.450
Leonteq Securities AG  7.00012/27/2023   CHF   46.700
Leonteq Securities AG  7.00012/27/2023   USD   64.770
Bank Vontobel AG       5.50012/27/2023   CHF   67.400
Sberbank of Russia PJ  0.01012/11/2026   RUB   69.110
Raiffeisen Schweiz Ge  6.30012/27/2023   CHF   40.120
Raiffeisen Schweiz Ge  6.00012/27/2023   CHF   64.380
UBS AG/London          6.250 1/12/2024   CHF   65.300
UBS AG/London          6.500 1/12/2024   CHF   61.500
Landesbank Baden-Wuer  2.300 7/24/2026   EUR   73.390
Landesbank Baden-Wuer  2.500 7/24/2026   EUR   63.960
Raiffeisen Bank Inter 10.000 2/12/2024   EUR   75.960
Landesbank Hessen-Thu  1.800  7/7/2036   EUR   65.900
DekaBank Deutsche Gir  3.500 6/28/2024   EUR   56.370
Landesbank Baden-Wuer  3.200 6/27/2025   EUR   67.950
DekaBank Deutsche Gir  3.100 6/28/2024   EUR   64.580
Sberbank of Russia PJ  0.010  6/4/2026   RUB   74.900
Sberbank of Russia PJ  0.010  6/2/2028   RUB   74.200
Erste Group Bank AG    7.250 6/30/2026   EUR   60.200
Erste Group Bank AG    5.500 6/30/2025   EUR   48.750
UniCredit Bank AG      4.050  7/1/2024   EUR   71.380
UniCredit Bank AG      5.250  7/1/2024   EUR   14.900
Landesbank Baden-Wuer  3.350 6/26/2026   EUR   68.410
Richter Gedeon Nyrt    1.750  6/4/2031   HUF   72.500
DekaBank Deutsche Gir  4.250 6/30/2025   EUR   61.430
Finca Uco Cjsc        13.000 5/30/2025   AMD   10.604
UBS AG/London          8.250 1/13/2025   CHF   67.650
Leonteq Securities AG  8.010 6/27/2024   CHF   63.490
Swissquote Bank SA    22.44012/27/2023   CHF   60.740
Leonteq Securities AG 16.000 3/27/2024   CHF   49.610
Vontobel Financial Pr 21.50012/22/2023   EUR   73.060
Vontobel Financial Pr 23.50012/22/2023   EUR   69.540
Vontobel Financial Pr 21.50012/22/2023   EUR   58.010
DZ Bank AG Deutsche Z  4.25012/20/2023   EUR   71.350
DZ Bank AG Deutsche Z  4.500 3/20/2024   EUR   72.060
EFG International Fin 15.000 7/12/2024   CHF   63.800
Leonteq Securities AG 24.000 7/17/2024   CHF   50.270
Vontobel Financial Pr  5.750  4/9/2024   EUR   75.310
Bank Julius Baer & Co  8.900 10/7/2024   EUR   58.600
Leonteq Securities AG  7.00012/20/2023   CHF   60.300
Raiffeisen Schweiz Ge  8.00012/20/2023   CHF   64.170
Raiffeisen Schweiz Ge  6.30012/20/2023   CHF   64.580
Bank Vontobel AG       9.00012/18/2023   EUR   67.900
Bank Vontobel AG       6.00012/18/2023   CHF   38.600
Sberbank of Russia PJ  0.01012/21/2026   RUB   68.100
UBS AG/London          8.250 1/12/2024   CHF   75.200
DekaBank Deutsche Gir  6.600 1/17/2025   EUR   32.430
Erste Group Bank AG    4.250 1/31/2026   EUR   70.950
UBS AG/London          5.25012/22/2023   CHF   63.750
DZ Bank AG Deutsche Z 10.000 6/28/2024   EUR   72.240
DZ Bank AG Deutsche Z 21.00012/22/2023   EUR   73.230
DZ Bank AG Deutsche Z 24.70012/22/2023   EUR   59.850
DZ Bank AG Deutsche Z  4.75012/18/2023   EUR   59.060
Landesbank Baden-Wuer  9.200 8/23/2024   EUR   31.630
Landesbank Baden-Wuer  5.300 8/23/2024   EUR   73.650
Zurcher Kantonalbank  12.500  3/8/2024   CHF   48.840
BNP Paribas Emissions 24.00012/21/2023   EUR   58.040
BNP Paribas Emissions 14.000 6/27/2024   EUR   73.690
BNP Paribas Emissions 18.000 6/27/2024   EUR   64.940
Raiffeisen Switzerlan  9.100 8/26/2024   CHF   65.260
BNP Paribas Emissions 14.00012/21/2023   EUR   69.090
Vontobel Financial Pr 23.500 6/28/2024   EUR   59.540
Vontobel Financial Pr 19.000 6/28/2024   EUR   71.380
Vontobel Financial Pr 22.000 6/28/2024   EUR   62.140
Vontobel Financial Pr 16.000 6/28/2024   EUR   69.390
UBS AG/London          6.250 5/19/2025   EUR   56.450
UBS AG/London          9.75011/18/2024   EUR   58.550
Zurcher Kantonalbank  10.000 5/17/2024   CHF   67.020
Zurcher Kantonalbank  21.000 5/17/2024   CHF   45.520
DZ Bank AG Deutsche Z  5.000 3/20/2024   EUR   70.250
DZ Bank AG Deutsche Z  4.750 6/26/2024   EUR   68.620
DZ Bank AG Deutsche Z  7.25012/20/2023   EUR   53.140
DZ Bank AG Deutsche Z  6.750 3/20/2024   EUR   54.590
Vontobel Financial Pr  9.500 3/22/2024   EUR   68.660
Vontobel Financial Pr 12.000 3/22/2024   EUR   64.340
Vontobel Financial Pr  8.500 3/22/2024   EUR   71.280
Vontobel Financial Pr 11.500 6/28/2024   EUR   64.940
Vontobel Financial Pr 21.000 6/28/2024   EUR   58.130
Vontobel Financial Pr 10.500 6/28/2024   EUR   66.820
Vontobel Financial Pr  8.000 6/28/2024   EUR   73.510
Vontobel Financial Pr 18.000 6/28/2024   EUR   59.770
Vontobel Financial Pr 15.000 6/28/2024   EUR   61.640
Vontobel Financial Pr  9.000 6/28/2024   EUR   71.160
Vontobel Financial Pr 20.000 3/22/2024   EUR   57.550
Vontobel Financial Pr 24.500 3/22/2024   EUR   55.540
Vontobel Financial Pr 16.000 3/22/2024   EUR   60.050
Vontobel Financial Pr 23.500 3/22/2024   EUR   48.400
MirLand Development C  1.00012/31/2023   ILS   53.000
UBS AG/London         15.500 5/24/2024   CHF   72.800
UniCredit Bank AG      7.800 6/27/2024   EUR   65.660
UniCredit Bank AG     15.400 6/27/2024   EUR   72.500
Luzerner Kantonalbank 11.790 5/19/2025   CHF   73.270
Leonteq Securities AG 27.000 5/30/2024   CHF   52.250
Leonteq Securities AG  8.000 8/26/2024   CHF   64.780
Ameriabank CJSC       10.000 2/20/2025   AMD   10.000
HSBC Trinkaus & Burkh  8.800 3/22/2024   EUR   62.330
HSBC Trinkaus & Burkh  7.80012/30/2024   EUR   63.110
HSBC Trinkaus & Burkh  5.200 3/28/2025   EUR   66.380
HSBC Trinkaus & Burkh 10.100 3/22/2024   EUR   58.470
HSBC Trinkaus & Burkh 10.70012/22/2023   EUR   49.560
DZ Bank AG Deutsche Z 22.700 6/28/2024   EUR   67.430
HSBC Trinkaus & Burkh  5.700 2/23/2024   EUR   63.500
HSBC Trinkaus & Burkh  8.100 9/27/2024   EUR   56.730
HSBC Trinkaus & Burkh  5.000 9/27/2024   EUR   64.820
Bank Vontobel AG       9.250 9/10/2024   CHF   65.100
Bank Vontobel AG      15.000 3/11/2024   CHF   46.100
Bank Vontobel AG      21.000 3/11/2024   CHF   47.900
Bank Vontobel AG      11.000 9/10/2024   EUR   57.800
Basler Kantonalbank   11.200 9/16/2024   CHF   72.040
Basler Kantonalbank   18.000 6/17/2024   CHF   52.930
UBS AG/London         11.250 9/16/2024   EUR   58.250
Leonteq Securities AG 12.00012/16/2024   CHF   72.850
Leonteq Securities AG 16.000 6/20/2024   CHF   40.930
Leonteq Securities AG 28.000 3/20/2024   CHF   64.180
Landesbank Baden-Wuer  7.300 3/22/2024   EUR   64.070
Landesbank Baden-Wuer 14.000 3/22/2024   EUR   73.010
Landesbank Baden-Wuer  7.000 3/22/2024   EUR   70.580
Landesbank Baden-Wuer  9.500 3/22/2024   EUR   62.390
Landesbank Baden-Wuer  8.200 3/22/2024   EUR   72.000
Raiffeisen Switzerlan 15.000 6/19/2024   CHF   58.810
Vontobel Financial Pr  9.000 3/22/2024   EUR   68.530
Vontobel Financial Pr 16.250 3/22/2024   EUR   32.640
Vontobel Financial Pr  9.750 3/22/2024   EUR   66.520
Vontobel Financial Pr  9.750 3/22/2024   EUR   72.770
BNP Paribas Emissions 18.000 6/27/2024   EUR   69.150
BNP Paribas Emissions 21.000 6/27/2024   EUR   67.720
BNP Paribas Emissions 16.00012/21/2023   EUR   71.890
BNP Paribas Emissions  9.00012/30/2024   EUR   68.420
BNP Paribas Emissions  8.50012/30/2024   EUR   70.220
BNP Paribas Emissions 19.00012/21/2023   EUR   67.810
BNP Paribas Emissions 20.00012/21/2023   EUR   64.120
BNP Paribas Emissions 11.00012/21/2023   EUR   60.920
BNP Paribas Emissions 12.00012/21/2023   EUR   57.950
BNP Paribas Emissions 15.00012/21/2023   EUR   55.340
BNP Paribas Emissions  9.000 6/27/2024   EUR   69.700
BNP Paribas Emissions 10.000 6/27/2024   EUR   70.230
BNP Paribas Emissions 12.000 6/27/2024   EUR   63.490
BNP Paribas Emissions 16.000 6/27/2024   EUR   59.360
BNP Paribas Emissions  9.00012/21/2023   EUR   66.010
BNP Paribas Emissions 18.00012/21/2023   EUR   73.610
Zurcher Kantonalbank   9.000 3/13/2024   CHF   68.180
Swissquote Bank SA    11.700 6/19/2024   CHF   66.210
Landesbank Baden-Wuer  6.00012/22/2023   EUR   62.910
Raiffeisen Bank Inter 12.518 9/25/2024   EUR   67.850
Raiffeisen Bank Inter 13.503 9/25/2024   EUR   65.870
Raiffeisen Bank Inter 14.558 9/25/2024   EUR   63.570
UBS AG/London          8.000 7/24/2024   USD    9.815
Bank Julius Baer & Co  8.100  5/3/2024   CHF   71.400
DZ Bank AG Deutsche Z  8.250 6/26/2024   EUR   63.250
DZ Bank AG Deutsche Z 16.25012/20/2023   EUR   69.530
UBS AG/London         18.750 4/26/2024   CHF   30.050
DekaBank Deutsche Gir  7.500 5/31/2024   EUR   61.020
UBS AG/London          8.500 4/26/2024   CHF   60.050
Luzerner Kantonalbank 12.750 6/12/2024   CHF   54.320
Credit Suisse AG/Lond  8.500 3/11/2024   CHF   58.390
Bank Vontobel AG      22.250 6/17/2024   CHF   31.700
UBS AG/London          8.000 9/12/2024   USD    9.750
Swissquote Bank SA    20.120 6/20/2024   CHF   41.570
Leonteq Securities AG 30.000 3/20/2024   CHF   27.130
Landesbank Baden-Wuer  5.300 3/22/2024   EUR   70.280
Landesbank Baden-Wuer 10.000 3/22/2024   EUR   59.230
Landesbank Baden-Wuer 12.500 3/22/2024   EUR   71.850
Raiffeisen Switzerlan 20.000 6/19/2024   CHF   56.270
BNP Paribas Emissions 25.00012/21/2023   EUR   60.970
BNP Paribas Emissions 17.000 6/27/2024   EUR   71.920
BNP Paribas Emissions 17.00012/21/2023   EUR   67.740
BNP Paribas Emissions  9.50012/30/2024   EUR   66.770
BNP Paribas Emissions  8.00012/30/2024   EUR   73.420
BNP Paribas Emissions 22.00012/21/2023   EUR   64.200
BNP Paribas Emissions 23.00012/21/2023   EUR   60.900
BNP Paribas Emissions 10.00012/21/2023   EUR   66.050
BNP Paribas Emissions 13.00012/21/2023   EUR   61.000
BNP Paribas Emissions 14.00012/21/2023   EUR   58.020
BNP Paribas Emissions 18.00012/21/2023   EUR   51.820
BNP Paribas Emissions 11.000 6/27/2024   EUR   65.870
BNP Paribas Emissions 13.000 6/27/2024   EUR   61.350
BNP Paribas Emissions 14.00012/21/2023   EUR   71.820
Credit Suisse AG/Lond  8.000 9/13/2024   CHF   63.530
UBS AG/London         18.500 6/14/2024   CHF   34.550
Raiffeisen Schweiz Ge  6.600 5/13/2024   CHF   62.760
Raiffeisen Schweiz Ge  6.200 5/13/2024   CHF   69.600
Raiffeisen Schweiz Ge  6.400 5/13/2024   CHF   51.020
Bank Julius Baer & Co 10.150 5/21/2024   USD   61.050
Leonteq Securities AG 25.000  5/2/2024   CHF   34.060
Vontobel Financial Pr 10.750 6/28/2024   EUR   56.730
UniCredit Bank AG      8.30012/31/2024   EUR   74.040
UniCredit Bank AG     10.50012/31/2024   EUR   70.260
Vontobel Financial Pr 11.750 6/28/2024   EUR   55.020
Leonteq Securities AG  8.000 5/16/2024   CHF   69.880
UBS AG/London          8.440 5/26/2027   SEK   57.920
UBS AG/London         17.040 5/26/2027   SEK   65.050
Leonteq Securities AG  9.000  5/2/2025   CHF   70.860
HSBC Trinkaus & Burkh 17.300 9/27/2024   EUR   74.670
Landesbank Hessen-Thu  1.000 7/10/2035   EUR   70.500
Vontobel Financial Pr 16.50012/22/2023   EUR   65.950
Vontobel Financial Pr 12.00012/22/2023   EUR   76.620
Raiffeisen Switzerlan 10.800 6/27/2024   USD   62.610
DZ Bank AG Deutsche Z 13.00012/20/2023   EUR   73.610
DZ Bank AG Deutsche Z  5.500 1/24/2024   EUR   68.790
DZ Bank AG Deutsche Z  7.500 3/20/2024   EUR   67.780
DZ Bank AG Deutsche Z 22.10012/22/2023   EUR   62.870
DZ Bank AG Deutsche Z 15.60012/22/2023   EUR   56.940
Bank Vontobel AG      16.00012/27/2023   CHF   42.100
Finca Uco Cjsc         7.500 5/30/2025   USD    0.000
UBS AG/London         25.000 7/12/2024   CHF   61.350
Landesbank Hessen-Thu  1.600 6/12/2035   EUR   73.100
Bank Julius Baer & Co  7.500 4/29/2024   EUR   54.150
Landesbank Baden-Wuer  8.500 4/28/2025   EUR   69.110
Societe Generale Effe 13.250 4/26/2024   EUR   56.340
Landesbank Baden-Wuer  6.250 4/28/2025   EUR   67.200
Landesbank Baden-Wuer  7.300 4/28/2025   EUR   72.730
Societe Generale Effe  8.250 4/26/2024   EUR   64.600
Leonteq Securities AG 20.000  5/2/2024   CHF   34.500
Leonteq Securities AG  8.40010/28/2024   CHF   63.290
Swissquote Bank SA    12.050  5/2/2024   CHF   64.410
Leonteq Securities AG 27.500  5/2/2024   CHF   34.870
Credit Suisse AG/Lond  7.00011/11/2024   CHF   70.820
Luzerner Kantonalbank  3.600  7/6/2026   EUR   42.450
DZ Bank AG Deutsche Z  4.250 6/26/2024   EUR   68.360
DZ Bank AG Deutsche Z  4.500 9/25/2024   EUR   66.730
Zurcher Kantonalbank  10.000 7/19/2024   CHF   69.290
Zurcher Kantonalbank   7.500 7/19/2024   CHF   68.570
Zurcher Kantonalbank  10.000 7/19/2024   EUR   70.890
DZ Bank AG Deutsche Z  4.250 9/25/2024   EUR   66.130
DZ Bank AG Deutsche Z  7.000 6/26/2024   EUR   60.410
Landesbank Baden-Wuer  5.250 4/28/2025   EUR   71.580
Landesbank Baden-Wuer  7.500 4/28/2025   EUR   63.890
DZ Bank AG Deutsche Z  4.500 6/26/2024   EUR   65.510
Corner Banca SA       13.000  4/3/2024   CHF   34.740
Erste Group Bank AG    5.500  8/2/2025   EUR   33.950
UBS AG/London         13.000 9/30/2024   CHF   23.140
UniCredit Bank AG      4.650 7/30/2024   EUR   70.830
UniCredit Bank AG      3.950 7/30/2024   EUR   53.790
Citigroup Global Mark  1.000 7/14/2025   EUR   62.030
Unibank OJSC           5.250 5/20/2024   USD    0.000
TMK PJSC               7.350 2/28/2025   RUB   60.150
Landesbank Hessen-Thu  1.800  6/9/2036   EUR   66.100
Landesbank Baden-Wuer  4.100 6/27/2025   EUR   64.550
Societe Generale SA   18.000 5/31/2024   USD   15.350
HSBC Trinkaus & Burkh 11.500 3/22/2024   EUR   70.640
Landesbank Baden-Wuer  7.200 6/28/2024   EUR   69.890
Landesbank Baden-Wuer  9.00011/22/2024   EUR   66.040
Landesbank Baden-Wuer  6.10011/22/2024   EUR   71.000
HSBC Trinkaus & Burkh  8.60012/22/2023   EUR   62.700
HSBC Trinkaus & Burkh  9.000 9/27/2024   EUR   62.460
HSBC Trinkaus & Burkh  5.100 9/27/2024   EUR   68.620
Vontobel Financial Pr  9.750 6/28/2024   EUR   74.360
Landesbank Baden-Wuer  5.000 6/28/2024   EUR   75.150
Landesbank Baden-Wuer  9.500 6/28/2024   EUR   58.250
Zurcher Kantonalbank  10.000  5/2/2024   CHF   61.750
Societe Generale Effe 12.500 6/28/2024   EUR   63.630
Raiffeisen Switzerlan 10.500  8/5/2024   CHF   65.100
Raiffeisen Switzerlan 20.000 5/10/2024   CHF   57.070
BNP Paribas Emissions 12.00012/21/2023   EUR   69.650
BNP Paribas Emissions 16.00012/21/2023   EUR   62.880
BNP Paribas Emissions 17.00012/21/2023   EUR   60.530
BNP Paribas Emissions 12.000 6/27/2024   EUR   72.500
BNP Paribas Emissions 13.000 6/27/2024   EUR   69.060
BNP Paribas Emissions 14.000 6/27/2024   EUR   67.160
BNP Paribas Emissions 15.000 6/27/2024   EUR   65.430
BNP Paribas Emissions 13.00012/21/2023   EUR   65.370
BNP Paribas Emissions 15.00012/21/2023   EUR   65.440
Raiffeisen Switzerlan  6.000 10/7/2024   CHF   51.210
DZ Bank AG Deutsche Z  8.25012/20/2023   EUR   65.320
Leonteq Securities AG 15.300  8/7/2024   CHF   60.800
Zurcher Kantonalbank   8.500 1/27/2025   EUR   67.470
UBS AG/London          7.250  8/5/2024   CHF   63.550
HSBC Trinkaus & Burkh 17.600 9/27/2024   EUR   70.680
HSBC Trinkaus & Burkh 15.10012/30/2024   EUR   72.920
HSBC Trinkaus & Burkh 17.800 9/27/2024   EUR   75.160
HSBC Trinkaus & Burkh 16.10012/30/2024   EUR   76.240
HSBC Trinkaus & Burkh 17.700 7/26/2024   EUR   75.390
HSBC Trinkaus & Burkh 17.100 8/23/2024   EUR   75.910
HSBC Trinkaus & Burkh  7.700 3/28/2025   EUR   64.340
HSBC Trinkaus & Burkh  6.300 7/26/2024   EUR   66.260
UniCredit Bank AG     19.30012/22/2023   EUR   75.850
UBS AG/London          8.560 6/29/2027   SEK   59.830
SG Issuer SA           1.600 6/26/2034   EUR   14.450
Bank Vontobel AG      14.00012/27/2023   CHF   36.000
Raiffeisen Schweiz Ge  7.300  7/1/2024   CHF   59.070
Raiffeisen Switzerlan  9.300  1/4/2024   CHF   55.890
UBS AG/London          9.000  7/2/2027   USD   71.980
UBS AG/London         10.000  7/1/2024   CHF   70.650
UBS AG/London         16.250  1/4/2024   CHF   70.600
UBS AG/London         10.00012/29/2023   EUR   50.750
UniCredit Bank AG      6.60012/22/2023   EUR   62.680
UniCredit Bank AG      5.40012/22/2023   EUR   68.000
UniCredit Bank AG      5.90012/22/2023   EUR   65.170
UniCredit Bank AG      8.90012/22/2023   EUR   56.130
UniCredit Bank AG      8.10012/22/2023   EUR   58.150
UniCredit Bank AG      7.30012/22/2023   EUR   60.320
UniCredit Bank AG      9.80012/22/2023   EUR   54.250
UniCredit Bank AG     10.70012/22/2023   EUR   52.320
UniCredit Bank AG     13.00012/22/2023   EUR   69.170
UniCredit Bank AG     15.80012/22/2023   EUR   60.400
UniCredit Bank AG     12.00012/22/2023   EUR   72.720
UniCredit Bank AG     13.90012/22/2023   EUR   65.960
UniCredit Bank AG     14.80012/22/2023   EUR   63.050
UniCredit Bank AG     15.60012/22/2023   EUR   60.800
UniCredit Bank AG     13.00012/22/2023   EUR   67.710
UniCredit Bank AG     14.30012/22/2023   EUR   64.060
UniCredit Bank AG     11.70012/22/2023   EUR   71.650
UniCredit Bank AG     11.90012/22/2023   EUR   71.590
UniCredit Bank AG     14.30012/22/2023   EUR   74.370
UBS AG/London         16.000  1/8/2024   CHF   34.550
Bank Julius Baer & Co  8.00010/11/2024   CHF   67.600
Landesbank Baden-Wuer  6.300 4/26/2024   EUR   62.750
SG Issuer SA           4.000 6/22/2026   EUR   74.690
SG Issuer SA           1.750 4/21/2034   EUR   62.840
DZ Bank AG Deutsche Z  6.25012/18/2023   EUR   59.120
Nordea Bank Abp        8.260 7/20/2028   SEK   74.540
Landesbank Baden-Wuer  3.200 7/25/2025   EUR   72.610
Landesbank Baden-Wuer  9.250 3/22/2024   EUR   44.400
Landesbank Baden-Wuer  8.500 3/22/2024   EUR   64.410
Landesbank Baden-Wuer  3.100 7/24/2026   EUR   64.560
DZ Bank AG Deutsche Z  7.500 3/20/2024   EUR   68.910
Bank Vontobel AG      15.50011/18/2024   CHF   55.000
UniCredit Bank AG     13.100 2/23/2024   EUR   71.640
UniCredit Bank AG     14.900 2/23/2024   EUR   75.320
UniCredit Bank AG      8.500 2/23/2024   EUR   69.430
Landesbank Hessen-Thu  1.25011/10/2036   EUR   66.300
Bank Julius Baer & Co 17.200 2/16/2024   CHF   49.150
UBS AG/London          5.500 2/12/2024   CHF   58.450
UBS AG/London          7.250 2/12/2024   CHF   47.300
UBS AG/London         14.250 8/19/2024   CHF   43.500
Vontobel Financial Pr 22.00012/22/2023   EUR   28.940
Vontobel Financial Pr 20.00012/22/2023   EUR   33.260
Vontobel Financial Pr 21.50012/22/2023   EUR   67.770
Vontobel Financial Pr 20.50012/22/2023   EUR   69.390
Vontobel Financial Pr 25.00012/22/2023   EUR   60.650
Vontobel Financial Pr 24.00012/22/2023   EUR   61.930
Vontobel Financial Pr 23.50012/22/2023   EUR   63.300
Vontobel Financial Pr 23.00012/22/2023   EUR   64.720
Vontobel Financial Pr 22.00012/22/2023   EUR   66.200
Vontobel Financial Pr 18.50012/22/2023   EUR   74.860
Vontobel Financial Pr 19.00012/22/2023   EUR   72.940
Vontobel Financial Pr 20.00012/22/2023   EUR   71.130
UBS AG/London         16.000 4/19/2024   CHF   32.250
Inecobank CJSC        10.000 4/28/2025   AMD   10.957
Leonteq Securities AG 10.00011/26/2024   CHF   52.860
Vontobel Financial Pr 11.250 6/28/2024   EUR   51.800
Vontobel Financial Pr 11.250 6/28/2024   EUR   59.360
Swissquote Bank SA    13.400 5/30/2024   CHF   73.730
UniCredit Bank AG     14.800 3/22/2024   EUR   74.380
UniCredit Bank AG     15.500 3/22/2024   EUR   51.340
UniCredit Bank AG     14.200 6/28/2024   EUR   54.500
UniCredit Bank AG     13.000 6/28/2024   EUR   55.880
DZ Bank AG Deutsche Z  4.250 6/26/2024   EUR   65.520
HSBC Trinkaus & Burkh 15.20012/22/2023   EUR   71.070
HSBC Trinkaus & Burkh 14.00012/22/2023   EUR   27.430
HSBC Trinkaus & Burkh  6.00012/22/2023   EUR   40.200
HSBC Trinkaus & Burkh  5.90012/22/2023   EUR   71.040
Leonteq Securities AG  9.00010/21/2024   CHF   62.740
Credit Suisse AG/Lond 14.300  3/4/2024   USD   57.250
Vontobel Financial Pr 11.500 3/22/2024   EUR   61.990
Vontobel Financial Pr 24.750 3/22/2024   EUR   72.450
DZ Bank AG Deutsche Z 15.700 6/28/2024   EUR   71.700
UBS AG/London         10.000 5/27/2024   CHF   62.400
UBS AG/London          8.250 5/26/2025   CHF   63.350
UniCredit Bank AG     10.10011/22/2024   EUR   67.340
Basler Kantonalbank   12.000 8/26/2024   CHF   67.540
UniCredit Bank AG     12.300 8/23/2024   EUR   57.220
UniCredit Bank AG      9.400 2/23/2024   EUR   58.200
UniCredit Bank AG     14.100 2/23/2024   EUR   52.090
UniCredit Bank AG     11.00011/22/2024   EUR   61.130
UniCredit Bank AG     12.400 2/23/2024   EUR   53.760
UniCredit Bank AG      9.400 8/23/2024   EUR   62.290
UniCredit Bank AG      8.10011/22/2024   EUR   71.380
UniCredit Bank AG      9.00011/22/2024   EUR   69.320
UniCredit Bank AG      7.30011/22/2024   EUR   73.880
UniCredit Bank AG     13.400 2/23/2024   EUR   74.170
Basler Kantonalbank   17.900 5/30/2024   CHF   67.740
UniCredit Bank AG     11.300 8/23/2024   EUR   58.740
UniCredit Bank AG      9.40011/22/2024   EUR   66.160
UniCredit Bank AG     10.800 2/23/2024   EUR   56.020
UniCredit Bank AG      8.00011/22/2024   EUR   69.090
UniCredit Bank AG     10.300 8/23/2024   EUR   60.470
UniCredit Bank AG     13.400 8/23/2024   EUR   55.810
UniCredit Bank AG     10.20011/22/2024   EUR   64.310
UniCredit Bank AG     11.80011/22/2024   EUR   59.680
UniCredit Bank AG      8.70011/22/2024   EUR   67.910
UniCredit Bank AG     12.70011/22/2024   EUR   58.370
Leonteq Securities AG 10.000 5/26/2025   CHF   70.220
Vontobel Financial Pr  7.500 6/28/2024   EUR   72.750
Vontobel Financial Pr 12.250 6/28/2024   EUR   52.300
Bank Vontobel AG      10.000 5/28/2024   CHF   43.000
Bank Vontobel AG       5.500 5/28/2024   CHF   59.400
UBS AG/London         14.000 1/18/2024   USD    6.040
DekaBank Deutsche Gir  2.000 2/23/2024   EUR   74.760
Erste Group Bank AG    7.250  3/3/2026   EUR   22.100
EFG International Fin  4.750 1/29/2024   USD   42.160
Zurcher Kantonalbank   4.800 12/8/2023   CHF   63.470
Zurcher Kantonalbank   5.450 12/8/2023   USD   63.620
Basler Kantonalbank    5.200  9/9/2024   CHF   68.210
Landesbank Baden-Wuer  2.500 9/26/2025   EUR   72.350
Landesbank Baden-Wuer  3.000 9/26/2025   EUR   56.970
Sberbank of Russia PJ  0.010 3/25/2026   RUB   73.710
Leonteq Securities AG 28.000 8/21/2024   CHF   63.300
Vontobel Financial Pr  7.000 9/27/2024   EUR   63.680
Sberbank of Russia PJ  0.010  4/6/2026   RUB   73.400
Citigroup Global Mark  2.500 5/16/2031   EUR   71.150
Landesbank Hessen-Thu  0.700 1/12/2037   EUR   70.900
Banque Internationale  6.20011/25/2024   CHF   67.780
Vontobel Financial Pr 19.000 6/28/2024   EUR   74.920
Ameriabank CJSC        9.750 2/19/2024   AMD    0.000
Vontobel Financial Pr 11.000 6/28/2024   EUR   55.520
Vontobel Financial Pr 16.500 6/28/2024   EUR   70.290
Vontobel Financial Pr  8.000 3/22/2024   EUR   58.830
Vontobel Financial Pr 10.000 6/28/2024   EUR   58.840
Vontobel Financial Pr  9.000 6/28/2024   EUR   54.410
Societe Generale SA   15.800 12/5/2024   USD   45.580
Landesbank Hessen-Thu  0.850 2/18/2036   EUR   63.650
Raiffeisen Switzerlan 13.400 5/30/2024   CHF   63.290
BNP Paribas Emissions  1.400  6/4/2026   EUR   72.720
Swissquote Bank SA    26.980  6/5/2024   CHF   38.090
Raiffeisen Schweiz Ge 19.500  6/6/2024   CHF   68.840
UniCredit Bank AG     10.700  2/3/2025   EUR   37.720
Bank Vontobel AG      16.00012/27/2023   EUR   60.500
Landesbank Baden-Wuer  9.000 6/28/2024   EUR   72.730
Landesbank Baden-Wuer 11.000 6/28/2024   EUR   64.040
Landesbank Baden-Wuer  4.000 6/28/2024   EUR   45.120
Landesbank Baden-Wuer  5.100 6/28/2024   EUR   39.290
Landesbank Baden-Wuer  7.000 6/28/2024   EUR   34.050
Landesbank Baden-Wuer  8.000 6/28/2024   EUR   31.760
Landesbank Baden-Wuer  3.950 6/28/2024   EUR   68.710
Landesbank Baden-Wuer  4.400 6/28/2024   EUR   65.570
Landesbank Baden-Wuer  4.900 6/28/2024   EUR   62.730
Landesbank Baden-Wuer  5.350 6/28/2024   EUR   72.510
National Mortgage Co   8.500  3/4/2024   AMD    0.000
DekaBank Deutsche Gir  4.300 4/26/2024   EUR   55.480
DekaBank Deutsche Gir  3.100 4/26/2024   EUR   68.550
Landesbank Baden-Wuer  4.000 4/23/2027   EUR   61.580
Landesbank Baden-Wuer  3.100 4/23/2027   EUR   63.020
DekaBank Deutsche Gir  2.300 5/10/2024   EUR   74.070
UBS AG/London          9.250  4/8/2026   EUR   45.240
Raiffeisen Switzerlan 17.500 5/30/2024   CHF   68.070
Leonteq Securities AG 21.000  6/5/2024   CHF   54.560
Corner Banca SA       13.000  9/5/2024   CHF   60.850
Raiffeisen Switzerlan  9.000  6/2/2025   EUR   72.420
UniCredit Bank AG     10.700 2/17/2025   EUR   37.970
Leonteq Securities AG  4.290 1/21/2025   EUR   58.180
Vontobel Financial Pr 19.500 3/22/2024   EUR   72.660
Vontobel Financial Pr  8.500 6/28/2024   EUR   50.190
Vontobel Financial Pr  7.500 6/28/2024   EUR   59.770
Vontobel Financial Pr  9.000 3/22/2024   EUR   59.180
Vontobel Financial Pr 14.000 6/28/2024   EUR   57.180
Vontobel Financial Pr 12.500 6/28/2024   EUR   56.360
Vontobel Financial Pr 10.000 3/22/2024   EUR   59.480
Vontobel Financial Pr 13.500 6/28/2024   EUR   57.790
Societe Generale SA   20.00011/28/2025   USD    5.750
Sovcombank Leasing OO  9.250 5/19/2025   RUB   65.000
Leonteq Securities AG 14.00012/23/2024   CHF   71.860
Vontobel Financial Pr 14.000 6/28/2024   EUR   73.260
Corner Banca SA       18.500 9/23/2024   CHF   45.910
Swissquote Bank SA    10.000 6/26/2024   CHF   65.860
Vontobel Financial Pr  7.250 6/24/2024   EUR   56.550
Leonteq Securities AG 20.000 8/21/2024   CHF   70.890
Landesbank Baden-Wuer  6.500 8/23/2024   EUR   71.730
Landesbank Hessen-Thu  1.500 10/1/2036   EUR   66.400
BNP Paribas Emissions  3.000 3/21/2024   EUR   71.680
BNP Paribas Emissions  5.000 9/26/2024   EUR   71.910
BNP Paribas Emissions  6.000 9/26/2024   EUR   69.980
BNP Paribas Emissions  6.000 3/27/2025   EUR   72.410
VTB Bank PJSC          0.010 3/25/2026   RUB   70.990
DekaBank Deutsche Gir  3.200 7/21/2025   EUR   55.810
DekaBank Deutsche Gir  2.750 7/21/2025   EUR   69.560
Landesbank Baden-Wuer  2.500 7/25/2025   EUR   73.400
Landesbank Baden-Wuer  7.800 3/22/2024   EUR   49.110
Landesbank Baden-Wuer 12.500 3/22/2024   EUR   37.530
Sberbank of Russia PJ  0.010 6/22/2028   RUB   66.600
Landesbank Baden-Wuer  6.700 3/22/2024   EUR   70.670
Leonteq Securities AG  5.500 8/26/2024   CHF   48.470
Leonteq Securities AG 10.340 8/31/2026   EUR   62.530
Vontobel Financial Pr  7.500 9/27/2024   EUR   68.800
UniCredit Bank AG     14.200 2/23/2024   EUR   70.840
Landesbank Baden-Wuer  2.200 2/28/2025   EUR   74.210
DekaBank Deutsche Gir  2.100 9/20/2024   EUR   61.750
Sberbank of Russia PJ  0.010 8/31/2028   RUB   64.900
Leonteq Securities AG 28.000  9/5/2024   CHF   65.880
UniCredit Bank AG     10.500 9/23/2024   EUR   38.880
UniCredit Bank AG     10.400 2/28/2025   EUR   73.230
Landesbank Baden-Wuer  2.600 2/28/2025   EUR   61.880
Sberbank of Russia PJ  0.010  9/4/2026   RUB   73.700
Leonteq Securities AG 25.000  9/5/2024   EUR   65.850
Swissquote Bank SA    29.000  6/4/2024   CHF   62.370
Leonteq Securities AG 24.000  9/4/2024   CHF   64.600
Swissquote Bank SA    27.700  9/4/2024   CHF   53.610
Landesbank Baden-Wuer  2.700 4/28/2025   EUR   72.830
UniCredit Bank AG      5.400 4/30/2024   EUR   42.050
Landesbank Baden-Wuer  3.000 4/23/2027   EUR   65.290
Landesbank Hessen-Thu  1.900 5/12/2036   EUR   66.500
Zurcher Kantonalbank   4.700  4/8/2024   CHF   13.750
Landesbank Hessen-Thu  1.750 5/19/2036   EUR   67.700
Leonteq Securities AG  2.700  4/1/2026   EUR   42.610
Leonteq Securities AG 27.600 6/26/2024   CHF   40.550
Leonteq Securities AG 21.600 6/26/2024   CHF   52.880
Leonteq Securities AG 10.200 6/26/2024   EUR   65.630
Bank Vontobel AG      16.000 6/17/2024   USD   63.500
Landesbank Baden-Wuer  3.500 6/27/2025   EUR   64.830
Landesbank Baden-Wuer  4.000 6/27/2025   EUR   60.660
Sberbank of Russia PJ  0.010 3/27/2028   RUB   70.400
Bank Vontobel AG       4.501 6/11/2024   CHF   70.900
Landesbank Baden-Wuer  3.100 7/25/2025   EUR   69.390
DZ Bank AG Deutsche Z  7.20012/18/2023   EUR   64.060
DZ Bank AG Deutsche Z  9.00012/20/2023   EUR   56.060
Societe Generale SA   10.010 8/29/2024   USD   17.150
Landesbank Baden-Wuer  2.50010/24/2025   EUR   74.860
Zurcher Kantonalbank   2.550 8/26/2024   CHF   13.560
SG Issuer SA           7.600 1/20/2025   SEK   66.880
Vontobel Financial Pr 16.750 3/22/2024   EUR   70.430
DekaBank Deutsche Gir  6.150 8/29/2025   EUR   66.250
BNP Paribas Emissions 22.00012/21/2023   EUR   69.470
DZ Bank AG Deutsche Z  6.25012/20/2023   EUR   71.390
Araratbank OJSC        4.250 12/8/2024   USD    0.000
Bank Vontobel AG      19.500  2/5/2024   CHF   62.000
DZ Bank AG Deutsche Z  8.50012/18/2023   EUR   52.990
BNP Paribas Emissions  4.750 8/12/2026   EUR   70.950
Leonteq Securities AG 10.000 8/12/2024   CHF   73.100
BNP Paribas Emissions  3.750 8/26/2026   EUR   73.700
DZ Bank AG Deutsche Z 13.30012/18/2023   EUR   72.530
Armenian Economy Deve 10.500  5/4/2025   AMD   11.232
Societe Generale Effe 19.498 1/26/2024   EUR   48.210
Bank Vontobel AG       5.250 5/28/2024   CHF   65.800
Leonteq Securities AG 20.000 9/26/2024   USD   49.470
Vontobel Financial Pr 11.750 6/28/2024   EUR   73.240
Raiffeisen Switzerlan 20.000 6/26/2024   CHF   46.940
Raiffeisen Switzerlan  9.250 6/23/2025   CHF   70.360
Landesbank Baden-Wuer  3.250  1/2/2026   EUR   57.470
HSBC Trinkaus & Burkh 11.250 6/27/2025   EUR   73.490
HSBC Trinkaus & Burkh 23.250 3/22/2024   EUR   54.280
HSBC Trinkaus & Burkh 15.500 6/27/2025   EUR   67.470
Societe Generale SA   15.000 9/29/2025   USD    7.250
Landesbank Baden-Wuer  3.250 8/23/2024   EUR   67.450
Raiffeisen Switzerlan  7.400  2/5/2024   CHF   59.780
DZ Bank AG Deutsche Z  5.90012/18/2023   EUR   59.320
DZ Bank AG Deutsche Z 14.10012/18/2023   EUR   67.900
UBS AG/London         15.750  2/5/2024   CHF   37.650
Landesbank Baden-Wuer  4.750 9/25/2026   EUR   68.580
Bank Julius Baer & Co 18.000  2/9/2024   CHF   43.900
Credit Suisse AG/Lond  8.000  6/6/2024   CHF   60.970
UniCredit Bank AG     17.90012/22/2023   EUR   57.200
Vontobel Financial Pr 22.50012/22/2023   EUR   72.280
UniCredit Bank AG      6.600 9/22/2025   EUR   43.980
UniCredit Bank AG      5.500 9/22/2025   EUR   73.270
BNP Paribas Emissions  8.000 6/27/2024   EUR   70.510
BNP Paribas Emissions  9.500 6/27/2024   EUR   67.340
BNP Paribas Emissions 12.000 6/27/2024   EUR   60.920
BNP Paribas Emissions 13.000 6/27/2024   EUR   58.670
BNP Paribas Emissions 16.000 6/27/2024   EUR   58.540
DZ Bank AG Deutsche Z  5.25012/20/2023   EUR   61.220
DZ Bank AG Deutsche Z  4.250 9/25/2024   EUR   69.030
UBS AG/London         10.250  7/5/2024   CHF   68.050
Vontobel Financial Pr 20.00012/22/2023   EUR   74.620
Vontobel Financial Pr 18.50012/22/2023   EUR   70.900
Raiffeisen Switzerlan 19.000 3/13/2024   CHF   49.320
SG Issuer SA           1.600  8/7/2034   EUR   13.530
BNP Paribas Emissions  9.50012/21/2023   EUR   64.250
BNP Paribas Emissions 11.00012/21/2023   EUR   64.300
BNP Paribas Emissions 14.00012/21/2023   EUR   58.960
BNP Paribas Emissions 17.00012/21/2023   EUR   54.480
BNP Paribas Emissions 19.00012/21/2023   EUR   54.560
BNP Paribas Emissions  9.000 6/27/2024   EUR   71.190
BNP Paribas Emissions 10.000 6/27/2024   EUR   71.720
BNP Paribas Emissions  9.500 6/27/2024   EUR   67.380
BNP Paribas Emissions 11.000 6/27/2024   EUR   68.160
BNP Paribas Emissions 12.000 6/27/2024   EUR   63.410
BNP Paribas Emissions 15.000 6/27/2024   EUR   60.520
BNP Paribas Emissions  8.00012/21/2023   EUR   68.430
BNP Paribas Emissions  9.00012/21/2023   EUR   68.470
BNP Paribas Emissions  6.00012/21/2023   EUR   69.340
BNP Paribas Emissions  8.00012/21/2023   EUR   69.410
BNP Paribas Emissions  7.50012/21/2023   EUR   65.070
BNP Paribas Emissions  9.50012/21/2023   EUR   65.150
BNP Paribas Emissions  9.00012/21/2023   EUR   62.540
BNP Paribas Emissions 10.00012/21/2023   EUR   62.570
BNP Paribas Emissions  9.50012/21/2023   EUR   60.160
BNP Paribas Emissions 11.00012/21/2023   EUR   60.220
BNP Paribas Emissions 12.00012/21/2023   EUR   56.990
BNP Paribas Emissions 14.00012/21/2023   EUR   57.070
BNP Paribas Emissions 15.00012/21/2023   EUR   54.180
BNP Paribas Emissions 17.00012/21/2023   EUR   54.250
BNP Paribas Emissions 18.00012/21/2023   EUR   52.500
BNP Paribas Emissions 20.00012/21/2023   EUR   52.580
BNP Paribas Emissions  7.000 6/27/2024   EUR   69.980
Landesbank Baden-Wuer  7.200 8/23/2024   EUR   34.540
DZ Bank AG Deutsche Z 10.100 6/28/2024   EUR   73.530
DZ Bank AG Deutsche Z 11.40012/22/2023   EUR   56.630
DZ Bank AG Deutsche Z  7.50012/22/2023   EUR   65.410
DZ Bank AG Deutsche Z  8.70012/22/2023   EUR   62.180
DZ Bank AG Deutsche Z 22.20012/22/2023   EUR   68.180
UniCredit Bank AG     17.30012/22/2023   EUR   47.980
UniCredit Bank AG     14.90012/22/2023   EUR   49.910
UniCredit Bank AG     13.900 3/22/2024   EUR   53.020
UniCredit Bank AG     17.30012/22/2023   EUR   70.990
Leonteq Securities AG 10.000 9/10/2024   CHF   68.350
Leonteq Securities AG 19.000 6/10/2024   CHF   52.990
Leonteq Securities AG 11.000 3/10/2025   CHF   72.720
Leonteq Securities AG 30.000 3/13/2024   CHF   30.330
Leonteq Securities AG  8.000 8/30/2024   CHF   64.570
UBS AG/London         12.250  3/8/2024   EUR   57.450
UBS AG/London         10.250 3/10/2025   CHF   69.900
Zurcher Kantonalbank  20.000  3/8/2024   CHF   47.310
BNP Paribas Emissions 22.00012/21/2023   EUR   57.970
BNP Paribas Emissions 16.000 6/27/2024   EUR   68.860
BNP Paribas Emissions 18.00012/21/2023   EUR   63.010
UBS AG/London         18.000 2/26/2024   CHF   40.750
DZ Bank AG Deutsche Z 17.600 3/22/2024   EUR   73.220
UniCredit Bank AG     14.700 6/28/2024   EUR   64.030
UniCredit Bank AG     19.40012/22/2023   EUR   74.500
UniCredit Bank AG     19.200 6/28/2024   EUR   75.380
Vontobel Financial Pr 22.000 3/22/2024   EUR   73.010
Vontobel Financial Pr 23.500 3/22/2024   EUR   71.430
Vontobel Financial Pr 20.000 3/22/2024   EUR   74.600
Vontobel Financial Pr 24.50012/22/2023   EUR   70.070
Vontobel Financial Pr 16.000 3/22/2024   EUR   74.590
Vontobel Financial Pr 19.500 3/22/2024   EUR   70.200
DZ Bank AG Deutsche Z 11.60012/18/2023   EUR   67.020
Raiffeisen Switzerlan  9.00012/10/2024   CHF   68.830
Raiffeisen Switzerlan 20.000 3/13/2024   CHF   27.190
Raiffeisen Switzerlan  7.800 9/10/2024   CHF   60.270
BNP Paribas Emissions  8.500 6/27/2024   EUR   66.810
BNP Paribas Emissions  9.000 6/27/2024   EUR   64.670
BNP Paribas Emissions 10.000 6/27/2024   EUR   65.190
BNP Paribas Emissions 11.000 6/27/2024   EUR   63.470
Swissquote Bank SA    14.560 3/13/2024   CHF   44.370
Leonteq Securities AG 26.000 3/13/2024   CHF   29.000
Zurcher Kantonalbank  15.000  3/7/2024   CHF   46.770
DZ Bank AG Deutsche Z  6.250 3/20/2024   EUR   71.190
Landesbank Baden-Wuer  5.500 8/23/2024   EUR   39.280
Landesbank Baden-Wuer  6.500 8/23/2024   EUR   68.890
Landesbank Baden-Wuer  7.900 8/23/2024   EUR   64.940
Landesbank Baden-Wuer  7.000 8/23/2024   EUR   73.900
DZ Bank AG Deutsche Z 10.500 3/20/2024   EUR   65.570
Zurcher Kantonalbank   4.500  9/2/2024   CHF   67.240
UniCredit Bank AG      4.200 9/29/2025   EUR   40.210
Landesbank Baden-Wuer  3.500 6/28/2024   EUR   62.970
UniCredit Bank AG      7.300 6/14/2024   EUR   20.230
UniCredit Bank AG      5.300 6/14/2024   EUR   64.130
UniCredit Bank AG      7.200 6/14/2024   EUR   70.180
Landesbank Baden-Wuer  3.500 6/27/2025   EUR   69.070
UniCredit Bank AG      7.700 2/23/2024   EUR   72.330
UniCredit Bank AG      9.300 2/23/2024   EUR   66.720
UniCredit Bank AG     10.200 2/23/2024   EUR   64.310
UniCredit Bank AG     11.200 2/23/2024   EUR   62.150
UniCredit Bank AG     12.100 2/23/2024   EUR   60.210
Leonteq Securities AG  8.000 9/23/2024   CHF   70.430
Landesbank Baden-Wuer  4.000 7/25/2025   EUR   34.890
Landesbank Baden-Wuer  4.000 7/25/2025   EUR   66.370
HSBC Trinkaus & Burkh 11.750 5/24/2024   EUR   67.950
HSBC Trinkaus & Burkh  8.500 5/24/2024   EUR   71.920
HSBC Trinkaus & Burkh 17.50012/30/2024   EUR   66.800
HSBC Trinkaus & Burkh 22.750 3/22/2024   EUR   57.480
DZ Bank AG Deutsche Z  8.000 6/28/2024   EUR   70.410
DZ Bank AG Deutsche Z 24.900 3/22/2024   EUR   77.360
Basler Kantonalbank   24.000  7/5/2024   CHF   47.510
UBS AG/London         19.000 7/15/2024   CHF   56.550
UBS AG/London          8.000  1/6/2025   CHF   69.200
Bank Vontobel AG      14.500 1/16/2024   CHF   61.100
UniCredit Bank AG     24.400 6/28/2024   EUR   53.790
UniCredit Bank AG     15.900 3/22/2024   EUR   51.520
UniCredit Bank AG     19.800 6/28/2024   EUR   71.870
HH Finance PLC         5.000 5/19/2028   EUR   50.050
Landesbank Baden-Wuer  2.20010/24/2025   EUR   74.220
UniCredit Bank AG     14.600 3/22/2024   EUR   63.480
Swissquote Bank SA    22.120 4/11/2024   CHF   52.400
Raiffeisen Schweiz Ge  4.000 9/27/2024   CHF   23.270


                           *********


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 * * *