Holdings of Carmignac Portfolio Credit

Name: Holdings of Carmignac Portfolio Credit
Creator: Titelia

Carmignac Gestion Luxembourg S.A. · 422 declared positions · as of Dec 31, 2025

Fund report · Net assets 2.6B € · Ten largest lines: 9.3 % of net assets

Country breakdown

France 18.0 %
United Kingdom 9.7 %
Ireland 7.9 %
Italy 7.2 %
Netherlands 6.4 %
United States of America 6.1 %
Spain 5.0 %
Norway 4.2 %
Sweden 3.6 %
Austria 3.4 %
Greece 3.0 %
Others 25.7 %

Countries from the fund report. Weights in % of net assets.

Currency breakdown

EUR 78.5 %
USD 18.8 %
GBP 2.1 %
NOK 0.6 %

The quoted currency of each line, as declared.

Positions

Rank	Company	Currency	Shares	Value	Weight
1	EMEIS SA France	EUR	3,062,066	43.9M €	1.68 %
2	BANQUE FEDERATIVE DU CREDIT MUTUEL BFCM 3.75% 14-05-36 France	EUR	28,000,000	27.8M €	1.06 %
3	SAMHLLSBYGGNADSBOLAGET I NORDEN 1.125% 26-09-29 Sweden	EUR	28,750,000	23.6M €	0.90 %
4	ENI 3.375% PERP Italy	EUR	23,582,000	23.3M €	0.89 %
5	TOTALENERGIES SE FR 3.25% PERP France	EUR	25,000,000	22.4M €	0.86 %
6	SAMHALLSBYGGNADSBOLAGET I NORDEN AB 2.875% PERP Sweden	EUR	29,450,000	21.6M €	0.83 %
7	BANCO COMERCIAL PORTUGUES 4.75% 20-03-37 Portugal	EUR	20,000,000	20.9M €	0.80 %
8	ENI 4.875% PERP Italy	EUR	20,440,000	20.7M €	0.79 %
9	EMEIS E6R+4.75% 31-12-31 France	EUR	20,000,000	20M €	0.77 %
10	BP CAP MK 3.625% PERP United Kingdom	EUR	19,270,000	19.3M €	0.74 %
11	CAIXABANK 3.875% 14-05-38 EMTN Spain	EUR	19,100,000	18.9M €	0.73 %
12	BELFIUS SANV 6.125% PERP Belgium	EUR	17,000,000	17.5M €	0.67 %
13	VAR ENERGI A 3.875% 12-03-31 Norway	EUR	17,200,000	17.3M €	0.66 %
14	IWG US FINANCE LLC 6.5% 28-06-30 United States of America	EUR	14,546,000	15.9M €	0.61 %
15	RAIFFEISEN BANK INTL AG 7.375% PERP Austria	EUR	14,800,000	15.8M €	0.61 %
16	SANIIKOS FINANCIAL HOLDINGS 1 SARL 7.25% 31-07-30 Luxembourg	EUR	14,950,000	15.7M €	0.60 %
17	BNP PAR 6.875% PERP France	EUR	14,400,000	15.4M €	0.59 %
18	PARATUS ENERGY SERVICES 9.5% 27-06-29 Norway	USD	18,000,000	15.3M €	0.59 %
19	PARATUS ENERGY SERVICES LTD Norway	NOK	4,116,849	15.3M €	0.59 %
20	PERSHING SQUARE 4.25% 29-04-30 Guernsey	EUR	15,000,000	15.2M €	0.58 %
21	FINNAIR 4.75% 24-05-29 Finland	EUR	14,800,000	15.2M €	0.58 %
22	BORR IHC LTD BORR FINANCE LLC 10.375% 15-11-30 United States of America	USD	17,516,505	14.9M €	0.57 %
23	ATHORA 5.875% 10-09-34 Bermuda	EUR	13,850,000	14.7M €	0.56 %
24	DANONE 3.95% PERP EMTN France	EUR	14,500,000	14.5M €	0.56 %
25	LA POSTE 5.0% PERP France	EUR	13,600,000	14.1M €	0.54 %
26	REPSOL EUROPE FINANCE SARL 4.197% PERP Luxembourg	EUR	13,500,000	13.4M €	0.51 %
27	BANCO SANTANDER ALL SPAIN BRANCH 7.0% PERP Spain	EUR	12,400,000	13.4M €	0.51 %
28	OTP BANK 7.3% 30-07-35 EMTN Hungary	USD	14,500,000	13M €	0.50 %
29	SAMHALLSBYGGNAD FL.R 20-XX 14/003A Sweden	EUR	17,640,000	13M €	0.50 %
30	BANCO COMERCIAL PORTUGUES 3.125% 24-06-31 Portugal	EUR	13,000,000	13M €	0.50 %
31	ERSTE GR BK 7.0% PERP Austria	EUR	12,000,000	12.9M €	0.50 %
32	LLOYDS BANKING GROUP 4.0% 09-05-35 United Kingdom	EUR	12,686,000	12.9M €	0.49 %
33	BBVA 4.0% 25-02-37 Spain	EUR	12,300,000	12.4M €	0.48 %
34	BBVA BANCOMER SATEXAS 8.125% 08-01-39 United States of America	USD	13,307,000	12.3M €	0.47 %
35	AGEAS NV EX FORTIS 4.625% 02-05-56 Belgium	EUR	12,000,000	12.2M €	0.47 %
36	PERSHING SQUARE 5.5% 28-10-32 Guernsey	USD	14,080,000	12M €	0.46 %
37	BPCE 2.125% 13-10-46 France	EUR	13,000,000	11.7M €	0.45 %
38	IWG US FINANCE LLC 5.125% 14-05-32 United States of America	EUR	11,500,000	11.7M €	0.45 %
39	UNICREDIT 6.5% PERP EMTN Italy	EUR	10,909,000	11.7M €	0.45 %
40	BK IRELAND GROUP 6.125% PERP Ireland	EUR	11,001,000	11.3M €	0.43 %
41	BNP PAR 3.7796% 19-01-36 EMTN France	EUR	11,300,000	11.3M €	0.43 %
42	BBVA 6.875% PERP Spain	EUR	10,400,000	11.3M €	0.43 %
43	CA 6.5% PERP EMTN France	EUR	10,600,000	11.2M €	0.43 %
44	VODAFONE GROUP 4.625% 12-09-55 United Kingdom	EUR	11,200,000	11.1M €	0.43 %
45	ALPHA BANK 6.0% 13-09-34 EMTN Greece	EUR	10,230,000	11M €	0.42 %
46	DEUTSCHE LUFTHANSA AG 5.25% 15-01-55 Germany	EUR	10,600,000	11M €	0.42 %
47	BARCLAYS 4.616% 26-03-37 EMTN United Kingdom	EUR	10,500,000	10.8M €	0.41 %
48	WINTERSHALL DEA FINANCE 2 BV 6.117% PERP Netherlands	EUR	10,568,000	10.8M €	0.41 %
49	EC FINANCE 3.0% 15-10-26 United Kingdom	EUR	10,650,000	10.5M €	0.40 %
50	BNP PAR 3.945% 18-02-37 EMTN France	EUR	10,500,000	10.5M €	0.40 %
51	ING GROEP NV 4.5% 23-05-29 Netherlands	EUR	10,000,000	10.4M €	0.40 %
52	HSBC 4.191% 19-05-36 EMTN United Kingdom	EUR	10,182,000	10.3M €	0.40 %
53	NATWEST GROUP 3.673% 05-08-31 United Kingdom	EUR	10,000,000	10.2M €	0.39 %
54	CAIXABANK 7.5% PERP Spain	EUR	9,200,000	10.2M €	0.39 %
55	MORGAN STANLEY 3.521% 22-05-31 United States of America	EUR	10,000,000	10.1M €	0.39 %
56	BNP PAR 3.979% 06-05-36 EMTN France	EUR	10,000,000	10M €	0.38 %
57	PUBLIC PROPERTY INVEST A 3.875% 16-10-31 Norway	EUR	10,217,000	10M €	0.38 %
58	ERSTE GR BK 6.375% PERP EMTN Austria	EUR	9,600,000	10M €	0.38 %
59	MERCK KGAA 3.75% 24-11-55 Germany	EUR	10,000,000	10M €	0.38 %
60	ING GROEP NV 4.125% 20-05-36 Netherlands	EUR	9,800,000	10M €	0.38 %
61	SKANDINAVISKA ENSKILDA BANKEN AB 3.125% 05-11-31 Sweden	EUR	10,000,000	9.9M €	0.38 %
62	BQ POSTALE 3.0% PERP France	EUR	10,600,000	9.9M €	0.38 %
63	SAMHALLSBYGGNAD FL.R 20-XX 30/04A Sweden	EUR	13,220,000	9.9M €	0.38 %
64	MURPHY OIL CORPORATION 5.875% 01-12-42 United States of America	USD	13,183,000	9.8M €	0.37 %
65	VIA OUTLETS BV 3.5% 29-10-32 Netherlands	EUR	9,990,000	9.8M €	0.37 %
66	CIBANCO SA INSTITUCION DE BANCA CIB3332 4.375% 22-07-31 Mexico	USD	12,930,000	9.7M €	0.37 %
67	UNICREDIT 4.175% 24-06-37 EMTN Italy	EUR	9,500,000	9.7M €	0.37 %
68	BNP PAR 4.1986% 16-07-35 EMTN France	EUR	9,400,000	9.6M €	0.37 %
69	TURKCELL ILETISIM HIZMETLERI AS 7.65% 24-01-32 Turkey	USD	10,500,000	9.5M €	0.36 %
70	CASTLE UK FIN 7.0% 15-05-29 United Kingdom	GBP	8,050,000	9.3M €	0.36 %
71	BREAKWATER ENERGY HLDGS S A R L 9.25% 15-11-30 Luxembourg	USD	10,500,000	9.3M €	0.36 %
72	TOTAL CAPITAL INTL 3.647% 01-07-35 France	EUR	9,200,000	9.1M €	0.35 %
73	MBH BANK 5.25% 29-01-30 EMTN Hungary	EUR	8,914,000	9.1M €	0.35 %
74	KBC GROUPE 6.0% PERP Belgium	EUR	8,800,000	9.1M €	0.35 %
75	BANCO BPM 4.0% 01-01-36 EMTN Italy	EUR	9,000,000	9M €	0.35 %
76	PIRAEUS BANK 7.25% 17-04-34 Greece	EUR	8,120,000	8.9M €	0.34 %
77	COOPERATIEVE RABOBANK UA 3.548% 08-10-35 Netherlands	EUR	9,000,000	8.9M €	0.34 %
78	HUNT OIL CO OF PERU LLC SUCURSAL PERU 7.75% 05-11-38 Peru	USD	9,300,000	8.7M €	0.33 %
79	OTP BANK 4.25% 16-10-30 EMTN Hungary	EUR	8,460,000	8.7M €	0.33 %
80	ODFJELL RIG III 7.25% 08-03-31 Norway	USD	10,000,000	8.7M €	0.33 %
81	CESKA SPORITELNA AS 3.743% 09-09-32 Czech Republic	EUR	8,500,000	8.5M €	0.33 %
82	CITADEL FINANCE LLC 3.375% 09-03-26 United States of America	USD	10,000,000	8.5M €	0.33 %
83	BOOKING 3.0% 07-11-30 United States of America	EUR	8,502,000	8.4M €	0.32 %
84	UNIPOL ASSICURAZIONI 4.9% 23-05-34 Italy	EUR	8,000,000	8.4M €	0.32 %
85	CLARIANE 7.875% 27-06-30 France	EUR	8,000,000	8.2M €	0.31 %
86	BANKINTER 4.125% 08-08-35 Spain	EUR	8,000,000	8.1M €	0.31 %
87	CANYON EURO CLO 20252 DAC E3R+3.25% 15-10-39 Ireland	EUR	8,000,000	8.1M €	0.31 %
88	CLARIANE 2.25% 15-10-28 France	EUR	9,100,000	8.1M €	0.31 %
89	ROYAL BANK OF CANADA 3.125% 27-09-31 Canada	EUR	8,000,000	8M €	0.31 %
90	ENI SPA FL.R 21-XX 11/06A Italy	EUR	8,334,000	8M €	0.30 %
91	GUNVOR GROUP 6.25% 07-01-26 Cyprus	USD	9,250,000	7.9M €	0.30 %
92	PUBLIC PROPERTY INVEST A 4.375% 01-10-32 Norway	EUR	8,000,000	7.9M €	0.30 %
93	NATIONWIDE BUILDING SOCIETY 3.125% 18-08-32 United Kingdom	EUR	8,000,000	7.9M €	0.30 %
94	BARINGS EURO CLO 20151 DAC E3R+2.5% 25-07-35 Ireland	EUR	7,800,000	7.8M €	0.30 %
95	ALPHA BANK 4.308% 23-07-36 Greece	EUR	7,700,000	7.8M €	0.30 %
96	WINTERSHALL DEA FINANCE BV 4.357% 03-10-32 Netherlands	EUR	7,770,000	7.8M €	0.30 %
97	ALLIANZ SE 4.431% 25-07-55 Germany	EUR	7,500,000	7.7M €	0.30 %
98	PROSUS NV 2.778% 19-01-34 Netherlands	EUR	8,363,000	7.7M €	0.29 %
99	BP CAP MK 4.375% 31-12-99 United Kingdom	EUR	7,500,000	7.6M €	0.29 %
100	BP CAP MK AUTRE R+6.0% 31-12-99 United Kingdom	GBP	6,460,000	7.6M €	0.29 %
101	OMV AG 4.3702% PERP Austria	EUR	7,500,000	7.6M €	0.29 %
102	TRAFIGURA FUNDING 6.25% 16-07-30 Luxembourg	USD	8,600,000	7.6M €	0.29 %
103	NATL BANK OF GREECE 8.0% 03-01-34 Greece	EUR	6,700,000	7.5M €	0.29 %
104	VERIZON COMMUNICATION 3.9962% 15-06-56 United States of America	EUR	7,500,000	7.5M €	0.29 %
105	RAIFFEISEN BANK ZRT 4.191% 01-07-31 Hungary	EUR	7,400,000	7.4M €	0.28 %
106	REPSOL INTL FINANCE FL.R 20-XX 11/12A Netherlands	EUR	7,200,000	7.4M €	0.28 %
107	BANQUE FEDERATIVE DU CREDIT MUTUEL BFCM 4.0% 15-01-35 France	EUR	7,100,000	7.2M €	0.27 %
108	COMPASS DIVERSIFIED HOLDINGS LLC 5.0% 15-01-32 United States of America	USD	9,264,337	7.1M €	0.27 %
109	AIB GROUP 6.0% PERP Ireland	EUR	6,924,000	7.1M €	0.27 %
110	TIKEHAU CLO II DAC E3R+6.32% 07-09-35 Ireland	EUR	7,000,000	7.1M €	0.27 %
111	TORONTO DOMINION BANK 4.03% 23-01-36 Canada	EUR	6,950,000	7.1M €	0.27 %
112	GENTING NEW YORK LLC 7.25% 01-10-29 United States of America	USD	7,981,000	7M €	0.27 %
113	INTE 7.0% PERP Italy	EUR	6,400,000	6.9M €	0.27 %
114	INTE 6.375% PERP Italy	EUR	6,600,000	6.9M €	0.26 %
115	ENGIE FIX PERP France	EUR	6,900,000	6.9M €	0.26 %
116	ALEXANDRITE MONNET UK HOLD 10.5% 15-05-29 United Kingdom	EUR	6,300,000	6.8M €	0.26 %
117	BANCO SANTANDER ALL SPAIN BRANCH 8.0% PERP Spain	USD	7,200,000	6.8M €	0.26 %
118	SOGECAP 6.5% 16-05-44 France	EUR	5,900,000	6.7M €	0.26 %
119	TOTALENERGIES SE FR 4.5% PERP France	EUR	6,545,000	6.6M €	0.25 %
120	BNP PAR 7.375% PERP France	EUR	6,000,000	6.6M €	0.25 %
121	TIKEHAU CLO II DAC E3R+3.4% 07-09-35 Ireland	EUR	6,500,000	6.6M €	0.25 %
122	PROSUS NV 1.985% 13-07-33 EMTN Netherlands	EUR	7,500,000	6.6M €	0.25 %
123	BANCO MERCANTILE DEL NORTE SA GRAND 8.75% PERP Cayman Islands	USD	7,143,000	6.5M €	0.25 %
124	CIMKO CIMENTO VE BETON SANAYI TICARET AS 10.75% 21-05-30 Turkey	USD	7,200,000	6.5M €	0.25 %
125	LIBERTY MUTUAL GROUP 3.875% 26-09-35 United States of America	EUR	6,600,000	6.5M €	0.25 %
126	SG 4.125% 14-05-36 EMTN France	EUR	6,400,000	6.5M €	0.25 %
127	SOUND POINT EURO CLO V FUNDING DAC E3R+3.3% 25-07-35 Ireland	EUR	6,400,000	6.4M €	0.25 %
128	STANDARD CHARTERED 7.625% PERP United Kingdom	USD	7,000,000	6.4M €	0.24 %
129	ABN AMRO BK 3.0% 22-09-32 EMTN Netherlands	EUR	6,400,000	6.3M €	0.24 %
130	AZELIS FINANCE NV 4.75% 25-09-29 Belgium	EUR	6,072,000	6.2M €	0.24 %
131	GOLAR LNG 7.5% 02-10-30 Bermuda	USD	7,500,000	6.2M €	0.24 %
132	MOBILIARE LATAM SA MOBILIARE LATAM 6.75% 10-11-32 Panama	USD	7,300,000	6.2M €	0.24 %
133	PROVIDUS CLO IX DAC E3R+5.5% 18-01-38 Ireland	EUR	6,100,000	6.2M €	0.24 %
134	ACCOR 4.875% PERP France	EUR	6,000,000	6.2M €	0.24 %
135	ANADOLU EFES BIRACILIK VE MALT SANAYI AS 3.375% 29-06-28 Turkey	USD	7,775,000	6.2M €	0.24 %
136	ENGIE 4.75% PERP France	EUR	5,900,000	6.1M €	0.24 %
137	SG 6.125% PERP EMTN France	EUR	6,000,000	6.1M €	0.23 %
138	BNP PAR CARDIF 6.0% PERP France	EUR	6,000,000	6.1M €	0.23 %
139	BANCO SANTANDER ALL SPAIN BRANCH 6.0% PERP Spain	EUR	5,800,000	6M €	0.23 %
140	SG 3.875% 20-11-35 EMTN France	EUR	6,000,000	6M €	0.23 %
141	CONSTELLATION OIL SERVICES 9.375% 07-11-29 Luxembourg	USD	6,770,000	6M €	0.23 %
142	ERSTE GR BK 3.625% 26-11-35 Austria	EUR	6,000,000	6M €	0.23 %
143	BARRY CAL 4.25% 19-08-31 Belgium	EUR	5,800,000	6M €	0.23 %
144	BANCO DEL ESTADO DE CHILE 7.95% PERP Chile	USD	6,600,000	6M €	0.23 %
145	JUBILEE CLO BV E3R+6.1% 15-10-35 Ireland	EUR	6,000,000	5.9M €	0.23 %
146	EUROBANK S A 6.25% PERP Greece	EUR	6,000,000	5.9M €	0.23 %
147	CZECHOSLOVAK GROUP AS 5.25% 10-01-31 Czech Republic	EUR	5,700,000	5.9M €	0.23 %
148	TGS A FIX 15-01-30 Norway	USD	6,599,000	5.9M €	0.22 %
149	FINEBANK BANCA FINE 7.5% PERP Italy	EUR	5,400,000	5.8M €	0.22 %
150	BBVA 5.625% PERP Spain	EUR	5,800,000	5.8M €	0.22 %
151	TRANSOCEAN 8.5% 15-05-31 Bermuda	USD	6,800,000	5.7M €	0.22 %
152	VEOLIA ENVIRONNEMENT 4.322% PERP France	EUR	5,700,000	5.7M €	0.22 %
153	IPD 3 BV 5.5% 15-06-31 Netherlands	EUR	5,600,000	5.7M €	0.22 %
154	SG 3.75% 17-05-35 EMTN France	EUR	5,600,000	5.6M €	0.21 %
155	PIRAEUS BANK 6.75% 05-12-29 Greece	EUR	5,000,000	5.5M €	0.21 %
156	PIRAEUS BANK 6.125% PERP Greece	EUR	5,522,000	5.4M €	0.21 %
157	PERSHING SQUARE 3.25% 01-10-31 Guernsey	USD	7,000,000	5.4M €	0.21 %
158	GOLDSTORY SAS 6.75% 01-02-30 France	EUR	5,200,000	5.4M €	0.21 %
159	BARCLAYS 6.125% PERP United Kingdom	EUR	5,400,000	5.4M €	0.21 %
160	MEDIOBANCABCA CREDITO FINANZ 4.25% 18-09-35 Italy	EUR	5,280,000	5.4M €	0.21 %
161	CA 5.875% PERP EMTN France	EUR	5,200,000	5.3M €	0.20 %
162	SAMHLLSBYGGNADSBOLAGET I NORDEN 0.75% 14-11-28 Sweden	EUR	6,301,000	5.3M €	0.20 %
163	BARCLAYS 4.918% 08-08-30 EMTN United Kingdom	EUR	5,000,000	5.3M €	0.20 %
164	SECHE ENVIRONNEMENT 5.87% PERP France	EUR	5,200,000	5.2M €	0.20 %
165	TIKEHAU CAPITAL 6.625% 14-03-30 France	EUR	4,700,000	5.2M €	0.20 %
166	UBS GROUP AG 6.6% PERP Switzerland	USD	6,000,000	5.2M €	0.20 %
167	LLOYDS BANKING GROUP 8.5% PERP United Kingdom	GBP	4,275,000	5.2M €	0.20 %
168	INTE 9.125% PERP Italy	EUR	4,465,000	5.2M €	0.20 %
169	PARATUS ENERGY SERVICES 9.0% 15-07-26 Norway	USD	6,053,182	5.2M €	0.20 %
170	AMBER FIN 6.625% 15-07-29 United Kingdom	EUR	4,903,000	5.2M €	0.20 %
171	ORANGE 3.875% PERP EMTN France	EUR	5,200,000	5.2M €	0.20 %
172	VODAFONE GROUP 4.125% 12-09-55 United Kingdom	EUR	5,160,000	5.1M €	0.20 %
173	BAWAG GROUP 6.75% 24-02-34 Austria	EUR	4,700,000	5.1M €	0.20 %
174	ENGIE 5.125% PERP France	EUR	4,800,000	5.1M €	0.19 %
175	AKER BP A 4.0% 29-05-32 EMTN Norway	EUR	5,000,000	5.1M €	0.19 %
176	BORR IHC LTD BORR FINANCE LLC 10.0% 15-11-28 United States of America	USD	5,848,415	5M €	0.19 %
177	FINNAIR 4.25% 27-11-30 Finland	EUR	5,000,000	5M €	0.19 %
178	CAPITAL FOUR CLO VIII DAC E3R+5.95% 25-10-37 Ireland	EUR	4,900,000	5M €	0.19 %
179	REDE DOR FINANCE SARL 4.5% 22-01-30 Luxembourg	USD	6,025,000	5M €	0.19 %
180	BARCLAYS 9.25% PERP United Kingdom	GBP	4,000,000	4.9M €	0.19 %
181	PROSUS NV 3.832% 08-02-51 Netherlands	USD	8,560,000	4.9M €	0.19 %
182	ALPHA BANK 7.5% PERP Greece	EUR	4,500,000	4.9M €	0.19 %
183	UNICREDIT 5.625% PERP EMTN Italy	EUR	4,839,000	4.9M €	0.19 %
184	HSBC 3.911% 13-05-34 EMTN United Kingdom	EUR	4,800,000	4.9M €	0.19 %
185	SWISS RE SUBORDINATED FINANCE 3.89% 26-03-33 United Kingdom	EUR	4,800,000	4.8M €	0.19 %
186	IBERCAJA 4.125% 18-08-36 Spain	EUR	4,800,000	4.8M €	0.19 %
187	CORPORACION INMOBILIARIA VESTA SAB DE CV 5.5% 30-01-33 Mexico	USD	5,600,000	4.8M €	0.18 %
188	BANCO DE CREDITO DEL PERU 6.45% 30-07-35 Peru	USD	5,400,000	4.8M €	0.18 %
189	EUROBANK S A 6.25% 25-04-34 Greece	EUR	4,477,000	4.8M €	0.18 %
190	ERSTE GR BK 4.25% PERP Austria	EUR	4,800,000	4.8M €	0.18 %
191	GOLAR LNG 7.75% 19-09-29 Bermuda	USD	5,600,000	4.8M €	0.18 %
192	NE PROPERTY BV 3.875% 30-09-33 Netherlands	EUR	4,800,000	4.8M €	0.18 %
193	EDF 4.375% PERP EMTN France	EUR	4,800,000	4.8M €	0.18 %
194	CASA ASSURANCES 6.25% PERP France	EUR	4,500,000	4.7M €	0.18 %
195	BANCO BPM 6.25% PERP Italy	EUR	4,546,000	4.7M €	0.18 %
196	CAIXABANK 8.25% PERP Spain	EUR	4,200,000	4.7M €	0.18 %
197	LA DORIA E3R+3.375% 30-12-30 Italy	EUR	4,600,000	4.7M €	0.18 %
198	AZULE ENERGY FINANCE 8.125% 23-01-30 United Kingdom	USD	5,426,000	4.6M €	0.18 %
199	STANDARD CHARTERED 4.3% PERP United Kingdom	USD	5,562,000	4.5M €	0.17 %
200	CAJA DE COMPENSACION DE ASIGNACION FAMI 7.0% 30-07-29 Chile	USD	5,000,000	4.5M €	0.17 %
201	CARLYLE GLOBAL MKT EURO CLO 20152 E3R+3.7% 10-11-35 Ireland	EUR	4,500,000	4.5M €	0.17 %
202	BANQUE FEDERATIVE DU CREDIT MUTUEL BFCM 3.375% 10-06-32 France	EUR	4,500,000	4.5M €	0.17 %
203	ERSTE GR BK 8.5% PERP Austria	EUR	4,000,000	4.4M €	0.17 %
204	PROSUS NV 3.832% 08-02-51 Netherlands	USD	7,748,000	4.4M €	0.17 %
205	PUBLIC PROPERTY INVEST A 4.625% 12-03-30 Norway	EUR	4,285,000	4.4M €	0.17 %
206	BILBAO CLO IV DAC E3R+6.21% 15-04-36 Ireland	EUR	4,355,000	4.4M €	0.17 %
207	PROJECT GRAND UK 9.0% 01-06-29 United Kingdom	EUR	4,200,000	4.4M €	0.17 %
208	NORDEA BKP 3.25% 19-11-35 EMTN Finland	EUR	4,400,000	4.3M €	0.17 %
209	TENNET HOLDING BV 4.875% PERP Netherlands	EUR	4,167,000	4.3M €	0.17 %
210	NE PROPERTY BV 4.25% 21-01-32 Netherlands	EUR	4,180,000	4.3M €	0.16 %
211	GAZ FINANCE PLC FL.R 20-99 31/12A United Kingdom	EUR	8,005,000	4.3M €	0.16 %
212	ENGIE 4.5% PERP France	EUR	4,300,000	4.3M €	0.16 %
213	BAWAG GROUP 7.25% PERP Austria	EUR	4,000,000	4.3M €	0.16 %
214	JYSKE BANK DNK 3.5% 19-11-31 Denmark	EUR	4,216,000	4.2M €	0.16 %
215	INVESTEC 2.625% 04-01-32 EMTN South Africa	GBP	3,750,000	4.2M €	0.16 %
216	BK IRELAND GROUP 7.594% 06-12-32 Ireland	GBP	3,500,000	4.2M €	0.16 %
217	CA 7.25% PERP EMTN France	EUR	3,900,000	4.2M €	0.16 %
218	AAREAL BK 5.625% 12-12-34 EMTN Germany	EUR	4,000,000	4.2M €	0.16 %
219	PKO BANK POLSKI 3.625% 20-11-32 Poland	EUR	4,182,000	4.2M €	0.16 %
220	TERNA RETE ELETTRICA NAZIONALE 4.75% PERP Italy	EUR	4,000,000	4.1M €	0.16 %
221	SG 8.125% PERP France	USD	4,616,000	4.1M €	0.16 %
222	TIKEHAU US CLO I TSFR3R+3.95% 18-01-35 Cayman Islands	USD	5,000,000	4.1M €	0.16 %
223	SAAVI ENERGIA SARL 8.875% 10-02-35 Luxembourg	USD	4,444,000	4.1M €	0.16 %
224	UBS GROUP AG 9.25% PERP Switzerland	USD	4,100,000	4.1M €	0.16 %
225	IR INVERSIONES Y REPRESENTACIONES 8.0% 31-03-35 Argentina	USD	4,800,000	4.1M €	0.16 %
226	RAIFFEISEN BANK INTL AG 6.375% PERP Austria	EUR	4,000,000	4.1M €	0.16 %
227	REPSOL EUROPE FINANCE SARL 4.5% PERP Luxembourg	EUR	4,000,000	4.1M €	0.16 %
228	INVESCO EURO CLO XV DAC E3R+3.4% 25-01-39 Ireland	EUR	4,000,000	4M €	0.15 %
229	CARLYLE EURO CLO 20171 DAC E3R+3.45% 15-07-34 Ireland	EUR	4,050,000	4M €	0.15 %
230	PROVIDUS CLO IX DAC E3R+3.15% 18-01-38 Ireland	EUR	4,000,000	4M €	0.15 %
231	PERSHING SQUARE 3.25% 15-11-30 Guernsey	USD	5,085,000	4M €	0.15 %
232	BARINGS EURO CLO 20212 DAC E3R+2.4% 15-10-34 Ireland	EUR	4,000,000	4M €	0.15 %
233	CARLYLE EURO CLO 20213 DAC E3R+6.46% 15-02-36 Ireland	EUR	4,000,000	4M €	0.15 %
234	CARLYLE GLB MKT STRAT EUR CLO 20162DAC E3R+2.4% 15-04-34 Ireland	EUR	4,000,000	4M €	0.15 %
235	CAIXA ECONOMICA MONTEPIO GERAL CEMG 8.5% 12-06-34 Portugal	EUR	3,500,000	4M €	0.15 %
236	KBC GROUPE 3.625% 26-08-36 Belgium	EUR	4,000,000	4M €	0.15 %
237	BNP PAR 3.494% 17-09-33 EMTN France	EUR	4,000,000	4M €	0.15 %
238	DANSKE BK 3.5% 19-11-35 EMTN Denmark	EUR	3,960,000	4M €	0.15 %
239	ABN AMRO BK 5.75% PERP Netherlands	EUR	3,900,000	3.9M €	0.15 %
240	NIPPON LIFE INSURANCE COMPANY 4.114% 23-01-55 Japan	EUR	3,960,000	3.9M €	0.15 %
241	SOUND POINT EURO CLO VII FUNDING DAC E3R+6.27% 25-01-35 Ireland	EUR	3,900,000	3.9M €	0.15 %
242	MBH BANK 8.625% 19-10-27 EMTN Hungary	EUR	3,750,000	3.9M €	0.15 %
243	ING GROEP NV 7.0% PERP Netherlands	USD	4,350,000	3.9M €	0.15 %
244	GENM CAPITAL LABUAN 3.882% 19-04-31 Malaysia	USD	5,000,000	3.9M €	0.15 %
245	OTP BANK 8.75% 15-05-33 EMTN Hungary	USD	4,234,000	3.8M €	0.15 %
246	PROSUS NV 4.987% 19-01-52 Netherlands	USD	5,625,000	3.8M €	0.15 %
247	CAIXABANK 6.25% PERP Spain	EUR	3,600,000	3.8M €	0.15 %
248	COMMERZBANK AKTIENGESELLSCHAFT 6.625% PERP Germany	EUR	3,600,000	3.8M €	0.15 %
249	DUOMO BID E3R+3.25% 15-01-32 Italy	EUR	3,700,000	3.7M €	0.14 %
250	BANCA TRANSILVANIA 5.125% 30-09-30 Romania	EUR	3,638,000	3.7M €	0.14 %
251	PIRAEUS BANK 6.75% PERP Greece	EUR	3,600,000	3.7M €	0.14 %
252	UBS GROUP AG 7.0% PERP Switzerland	USD	4,286,000	3.7M €	0.14 %
253	CAIRN CLO XII DAC E3R+6.42% 15-07-34 Ireland	EUR	3,700,000	3.7M €	0.14 %
254	WAGA BOND 8.5% 15-06-30 Jersey	GBP	3,500,000	3.7M €	0.14 %
255	SOC NATLA DE GAZE NATURALE ROMGAZ 4.625% 04-11-31 Romania	EUR	3,650,000	3.7M €	0.14 %
256	MV CREDIT EURO CLO III DESIGNATED E3R+3.9% 15-02-38 Ireland	EUR	3,600,000	3.6M €	0.14 %
257	ARES EUROPEAN CLO XXII DAC E3R+5.4% 15-07-38 Ireland	EUR	3,560,000	3.6M €	0.14 %
258	LA BANQUE POSTALE FL.R 19-XX 20/05S France	EUR	3,600,000	3.6M €	0.14 %
259	MEDCO CYPRESS TREE PTE 8.625% 19-05-30 Singapore	USD	4,000,000	3.6M €	0.14 %
260	NOVO BAN 9.875% 01-12-33 Portugal	EUR	3,100,000	3.6M €	0.14 %
261	BARCLAYS 5.746% 31-07-32 EMTN United Kingdom	GBP	3,000,000	3.6M €	0.14 %
262	BELFIUS SANV 3.25% 14-11-31 Belgium	EUR	3,600,000	3.5M €	0.14 %
263	PRYSMIAN 5.25% PERP Italy	EUR	3,400,000	3.5M €	0.14 %
264	MERCK KGAA 3.875% 27-08-54 Germany	EUR	3,500,000	3.5M €	0.14 %
265	EUROBANK S A 4.25% 30-04-35 Greece	EUR	3,520,000	3.5M €	0.14 %
266	ALPHA BANK 3.125% 30-10-31 Greece	EUR	3,530,000	3.5M €	0.13 %
267	COCA COLA ICECEK SANAYI 4.5% 20-01-29 Turkey	USD	4,150,000	3.5M €	0.13 %
268	ALLIANZ SE 5.6% 03-09-54 Germany	USD	4,000,000	3.5M €	0.13 %
269	ASR NEDERLAND NV 7.0% 07-12-43 Netherlands	EUR	2,926,000	3.5M €	0.13 %
270	PARATUS ENERGY SERVICES 9.0% 15-07-26 Norway	USD	4,024,204	3.4M €	0.13 %
271	LIBERTY MUTUAL GROUP 4.3% 01-02-61 United States of America	USD	6,000,000	3.4M €	0.13 %
272	BANK POLSKA KA OPIEKI 4.0101% 27-02-36 Poland	EUR	3,400,000	3.4M €	0.13 %
273	CASTLE UK FIN E3R+4.25% 15-10-30 United Kingdom	EUR	3,334,000	3.4M €	0.13 %
274	GOLUB CAPITAL BDC 2.5% 24-08-26 United States of America	USD	4,000,000	3.4M €	0.13 %
275	BANQUE OUEST AFRICAINE DE DEVELOPPEMENT 8.2% 13-02-55 Togo	USD	3,900,000	3.4M €	0.13 %
276	PROSUS NV 4.343% 15-07-35 EMTN Netherlands	EUR	3,334,000	3.4M €	0.13 %
277	EFG INTERNATIONAL AG FL.R 21-XX 24/03A Switzerland	USD	4,000,000	3.3M €	0.13 %
278	TIKEHAU US CLO I TSFR3R+7.17161% 18-01-35 Cayman Islands	USD	5,400,000	3.3M €	0.13 %
279	ENEL SPA FL.R 21-XX 08/09A Italy	EUR	3,650,000	3.3M €	0.13 %
280	HARVEST CLO XXIV DAC E3R+3.25% 15-07-34 Ireland	EUR	3,300,000	3.3M €	0.13 %
281	PALMER SQUARE EUROPEAN CLO 20221 DAC E3R+6.36% 21-01-35 Ireland	EUR	3,300,000	3.3M €	0.13 %
282	SAMMONTANA ITALIA E3R+3.75% 15-10-31 Italy	EUR	3,200,000	3.2M €	0.12 %
283	ITHACA ENERGY NORTH SEA 5.5% 01-10-31 United Kingdom	EUR	3,200,000	3.2M €	0.12 %
284	BNP PAR 8.5% PERP France	USD	3,539,000	3.2M €	0.12 %
285	TORO EUROPEAN CLO 2 E3R+3.55% 25-07-34 Ireland	EUR	3,200,000	3.2M €	0.12 %
286	ASS GENERALI 4.083% 16-07-35 Italy	EUR	3,200,000	3.2M €	0.12 %
287	CRELAN 3.875% 15-09-36 EMTN Belgium	EUR	3,200,000	3.2M €	0.12 %
288	PINNACLE BID 8.25% 11-10-28 United Kingdom	EUR	3,000,000	3.1M €	0.12 %
289	HTA GROUP 7.5% 04-06-29 Mauritius	USD	3,500,000	3.1M €	0.12 %
290	CANARY WHARF GROUP INVESTMENT 1.75% 07-04-26 United Kingdom	EUR	3,100,000	3.1M €	0.12 %
291	OZLME VI DAC E3R+3.4% 15-10-34 Ireland	EUR	3,075,000	3.1M €	0.12 %
292	AEGIS LUX 1A SARL 5.625% 29-10-31 Luxembourg	EUR	3,000,000	3M €	0.12 %
293	NASSAU EURO CLO III DAC E3R+5.75% 15-10-39 Ireland	EUR	3,000,000	3M €	0.12 %
294	RAIFFEISEN BANK ZRT 5.15% 23-05-30 Hungary	EUR	2,900,000	3M €	0.12 %
295	AURIUM CLO E3R+5.5% 20-07-38 Ireland	EUR	3,000,000	3M €	0.12 %
296	CLARINDA PARK CLO DAC E3R+5.57% 22-02-34 Ireland	EUR	3,000,000	3M €	0.12 %
297	PEARL PETROLEUM 13.0% 15-05-28 British Virgin Islands	USD	3,250,000	3M €	0.12 %
298	TRANSOCEAN 8.25% 15-05-29 Bermuda	USD	3,500,000	3M €	0.11 %
299	BORR IHC LTD BORR FINANCE LLC 10.0% 15-11-28 United States of America	USD	3,500,000	3M €	0.11 %
300	RAIFFEISEN BANK INTL AG 3.5% 27-08-31 Austria	EUR	3,000,000	3M €	0.11 %
301	CARLYLE EURO CLO 20202 DAC E3R+6.06% 15-01-34 Ireland	EUR	2,950,000	2.9M €	0.11 %
302	HLD EUROPE SCA 4.125% 02-04-30 Luxembourg	EUR	2,880,000	2.9M €	0.11 %
303	NATIONWIDE BUILDING SOCIETY 4.0% 30-07-35 United Kingdom	EUR	2,880,000	2.9M €	0.11 %
304	SANTANDER BANK POLSKA SPOLKA AKCYJNA 3.5% 07-10-31 Poland	EUR	2,900,000	2.9M €	0.11 %
305	RCS RDS 4.625% 29-10-31 Romania	EUR	2,880,000	2.9M €	0.11 %
306	BPER BANCA 3.625% 15-01-31 Italy	EUR	2,834,000	2.9M €	0.11 %
307	BANK POLSKA KA OPIEKI 3.5% 23-09-32 Poland	EUR	2,866,000	2.9M €	0.11 %
308	INTL PERSONAL FINANCE 10.75% 14-12-29 United Kingdom	EUR	2,609,000	2.8M €	0.11 %
309	JULIUS BAER GRUPPE AG 7.5% PERP Switzerland	USD	3,200,000	2.8M €	0.11 %
310	TIKEHAU CAPITAL 4.25% 08-04-31 France	EUR	2,700,000	2.7M €	0.10 %
311	BARCLAYS 8.375% PERP United Kingdom	GBP	2,230,000	2.7M €	0.10 %
312	NATWEST GROUP 6.475% 01-06-34 United Kingdom	USD	3,059,000	2.7M €	0.10 %
313	FIDELITY GRAND HARBOUR CLO 20251 DAC E3R+5.8% 15-10-38 Ireland	EUR	2,670,000	2.7M €	0.10 %
314	ING GROEP NV 8.0% PERP Netherlands	USD	2,900,000	2.7M €	0.10 %
315	WINTERSHALL DEA FINANCE BV 1.823% 25-09-31 Netherlands	EUR	3,000,000	2.7M €	0.10 %
316	NEINOR HOMES 5.875% 15-02-30 Spain	EUR	2,500,000	2.6M €	0.10 %
317	ARKEMA 4.8% PERP EMTN France	EUR	2,500,000	2.6M €	0.10 %
318	BBVA BANCOMER SA INSTITUCION DE BANCA MU 8.45% 29-06-38 Mexico	USD	2,700,000	2.5M €	0.10 %
319	KEPLER E3R+4.125% 18-12-29 Italy	EUR	2,500,000	2.5M €	0.10 %
320	BANCO MERCANTILE DEL NORTE SA GRAND 6.625% PERP Cayman Islands	USD	3,025,000	2.5M €	0.10 %
321	SONA FIOS CLO E3R+3.3% 25-08-38 Ireland	EUR	2,500,000	2.5M €	0.10 %
322	SONA FIOS CLO E3R+2.45% 25-08-38 Ireland	EUR	2,500,000	2.5M €	0.10 %
323	SONA FIOS CLO E3R+5.85% 25-08-38 Ireland	EUR	2,450,000	2.5M €	0.10 %
324	ROQUETTE FRERES 3.774% 25-11-31 France	EUR	2,500,000	2.5M €	0.10 %
325	MOBILUX FINANCE SAS 7.0% 15-05-30 France	EUR	2,400,000	2.5M €	0.10 %
326	SCC POWER 8.0% 31-12-28 United Kingdom	USD	4,728,698	2.5M €	0.10 %
327	STEDIN HOLDING NV 1.5% PERP Netherlands	EUR	2,500,000	2.5M €	0.09 %
328	FORD OTOMOTIV SANAYI AS 7.125% 25-04-29 Turkey	USD	2,770,000	2.4M €	0.09 %
329	INVESTEC 9.125% 06-03-33 EMTN South Africa	GBP	1,980,000	2.4M €	0.09 %
330	ELENIA VERKKO OYJ 3.375% 09-06-33 Finland	EUR	2,500,000	2.4M €	0.09 %
331	TORNATOR OYJ 3.75% 17-10-31 Finland	EUR	2,400,000	2.4M €	0.09 %
332	YAPI VE KREDI BANKASI AS 7.55% 11-06-36 Turkey	USD	2,800,000	2.4M €	0.09 %
333	SOTHEBYS BIDFAIR 5.875% 01-06-29 United States of America	USD	3,000,000	2.4M €	0.09 %
334	JULIUS BAER GRUPPE AG 6.625% PERP Switzerland	EUR	2,310,000	2.4M €	0.09 %
335	RAIFFEISEN BANK INTL AG 3.625% 13-11-33 Austria	EUR	2,400,000	2.4M €	0.09 %
336	CAIXABANK 5.875% PERP Spain	EUR	2,400,000	2.4M €	0.09 %
337	COMPANIA DE MINAS BUENAVENTURA 6.8% 04-02-32 Peru	USD	2,694,000	2.4M €	0.09 %
338	PROSUS NV 4.987% 19-01-52 Netherlands	USD	3,500,000	2.4M €	0.09 %
339	YINSON BERGENIA PRODUCTION BV 8.498% 31-01-45 Netherlands	USD	2,500,000	2.2M €	0.09 %
340	CEDACRI E3R+5.5% 15-05-28 Italy	EUR	2,200,000	2.2M €	0.09 %
341	PERMANENT TSB GROUP 3.875% 22-12-35 Ireland	EUR	2,230,000	2.2M €	0.09 %
342	IPSOS 3.75% 22-01-30 France	EUR	2,200,000	2.2M €	0.09 %
343	AGROSUPER 4.6% 20-01-32 Chile	USD	2,700,000	2.2M €	0.08 %
344	INVESCO EURO CLO E3R+5.99% 15-07-34 Ireland	EUR	2,244,000	2.2M €	0.08 %
345	OCP EURO 20171 DAC E3R+6.34% 15-07-32 Ireland	EUR	2,200,000	2.2M €	0.08 %
346	BANCO DE CREDITO DEL PERU 5.65% 15-01-37 Peru	USD	2,500,000	2.1M €	0.08 %
347	TAV HAVALIMANLARI HOLDING AS 8.5% 07-12-28 Turkey	USD	2,400,000	2.1M €	0.08 %
348	AIB GROUP 4.625% 20-05-35 EMTN Ireland	EUR	2,040,000	2.1M €	0.08 %
349	CAIRN CLO XII DAC E3R+3.6% 15-07-34 Ireland	EUR	2,100,000	2.1M €	0.08 %
350	IBERDROLA FINANZAS SAU 3.75% PERP Spain	EUR	2,100,000	2.1M €	0.08 %
351	BANCO DE BADELL 6.5% PERP Spain	EUR	2,000,000	2.1M €	0.08 %
352	DELLA TOFFOLA FRANCE E3R+4.25% 05-11-31 Italy	EUR	2,062,000	2.1M €	0.08 %
353	BANKINTER 6.0% PERP Spain	EUR	2,000,000	2.1M €	0.08 %
354	DEUCE FIN E3R+3.5% 20-11-32 United Kingdom	EUR	2,000,000	2M €	0.08 %
355	COOPERATIEVE RABOBANK UA 4.875% PERP Netherlands	EUR	2,000,000	2M €	0.08 %
356	NASSAU EURO CLO III DAC E3R+3.4% 15-10-39 Ireland	EUR	2,000,000	2M €	0.08 %
357	ARES EUROPEAN CLO XI BV E3R+5.99% 15-04-32 Ireland	EUR	2,000,000	2M €	0.08 %
358	CARLYLE GLB MKT STRAT EUR CLO 20162DAC E3R+3.6% 15-04-34 Ireland	EUR	2,000,000	2M €	0.08 %
359	CORP QUIPORT 9.0% 15-12-37 Ecuador	USD	2,200,000	2M €	0.08 %
360	BQ POSTALE 3.5% 02-12-32 EMTN France	EUR	2,000,000	2M €	0.08 %
361	CLARIANE 1.875% PERP CV France	EUR	45,167	1.9M €	0.07 %
362	TRANSPORTES AEREOS PORTUGUESES 5.125% 15-11-29 Portugal	EUR	1,800,000	1.9M €	0.07 %
363	BANCO MERCANTILE DEL NORTE SA GRAND 8.375% PERP Cayman Islands	USD	2,032,000	1.8M €	0.07 %
364	PUERTO DE LIVERPOOL SAB 6.658% 22-01-37 Mexico	USD	2,000,000	1.8M €	0.07 %
365	AURIUM CLO V DAC E3R+3.5% 17-04-34 Ireland	EUR	1,800,000	1.8M €	0.07 %
366	AURIUM CLO IX DAC E3R+6.7% 28-10-34 Ireland	EUR	1,750,000	1.8M €	0.07 %
367	BLUE OWL CREDIT INCOME 4.25% 31-01-31 United States of America	EUR	1,819,000	1.8M €	0.07 %
368	MACIF 2.125 21-52 21/06A France	EUR	2,000,000	1.8M €	0.07 %
369	CZECHOSLOVAK GROUP AS 6.5% 10-01-31 Czech Republic	USD	2,000,000	1.8M €	0.07 %
370	MEDCO MAPLE TREE PTE 8.96% 27-04-29 Singapore	USD	1,933,000	1.7M €	0.07 %
371	BANKINTER 7.375% PERP Spain	EUR	1,600,000	1.7M €	0.07 %
372	AURIUM CLO VI DAC E3R+3.3% 22-05-34 Ireland	EUR	1,700,000	1.7M €	0.07 %
373	SOC NATLA DE GAZE NATURALE ROMGAZ 4.75% 07-10-29 Romania	EUR	1,625,000	1.7M €	0.06 %
374	GIVAUDAN FINANCE EUROPE BV 2.875% 09-09-29 Netherlands	EUR	1,650,000	1.6M €	0.06 %
375	REPSOL INTL FINANCE 2.50 21-XX 22/03A Netherlands	EUR	1,643,000	1.6M €	0.06 %
376	INTL DESIGN GROUP 10.0% 15-11-28 Italy	EUR	1,522,400	1.6M €	0.06 %
377	BBVA BANCOMER SATEXAS 5.875% 13-09-34 United States of America	USD	1,800,000	1.5M €	0.06 %
378	ST PAUL S CLO VII DAC E3R+3.5% 18-07-34 Ireland	EUR	1,500,000	1.5M €	0.06 %
379	AVIVA PLC FL.R 20-55 03/06S United Kingdom	GBP	1,500,000	1.5M €	0.06 %
380	GOLUB CAPITAL BDC 2.05% 15-02-27 United States of America	USD	1,700,000	1.4M €	0.05 %
381	SIERRACOL ENERGY ANDINA LLC 6.0% 15-06-28 United States of America	USD	1,743,000	1.4M €	0.05 %
382	ITHACA ENERGY NORTH SEA 8.125% 15-10-29 United Kingdom	USD	1,500,000	1.3M €	0.05 %
383	IVANHOE MINES 7.875% 23-01-30 Canada	USD	1,500,000	1.3M €	0.05 %
384	STANDARD CHARTERED 4.75% PERP United Kingdom	USD	1,630,000	1.3M €	0.05 %
385	BARINGS EURO CLO 20151 DAC E3R+3.65% 25-07-35 Ireland	EUR	1,300,000	1.3M €	0.05 %
386	RONESANS HOLDING ANONIM SIRKETI 8.5% 10-10-29 Turkey	USD	1,500,000	1.3M €	0.05 %
387	HSBC 7.05% PERP United Kingdom	USD	1,450,000	1.3M €	0.05 %
388	BUBBLES BID 6.5% 30-09-31 Italy	EUR	1,200,000	1.2M €	0.05 %
389	SAMMONTANA ITALIA E3R+3.75% 15-10-31 Italy	EUR	1,200,000	1.2M €	0.05 %
390	CAIRN CLO XVI DESIGNATED ACTIVITY E3R+7.72% 15-01-37 Ireland	EUR	1,200,000	1.2M €	0.05 %
391	TIDEWATER 9.125% 15-07-30 United States of America	USD	1,300,000	1.2M €	0.05 %
392	PHOENIX GROUP HOLDINGS FL.R 20-31 04/09S United Kingdom	USD	1,351,000	1.1M €	0.04 %
393	BPCE 4.25% 16-07-35 EMTN France	EUR	1,100,000	1.1M €	0.04 %
394	PROSUS NV 4.027% 03-08-50 EMTN Netherlands	USD	1,878,000	1.1M €	0.04 %
395	RINO MASTROTTO GROUP E3R+4.75% 31-07-31 Italy	EUR	1,115,000	1.1M €	0.04 %
396	BREAKWATER ENERGY HLDGS S A R L 9.25% 15-11-30 Luxembourg	USD	1,200,000	1.1M €	0.04 %
397	INVESCO EURO CLO VIII DAC E3R+8.62% 25-07-36 Ireland	EUR	1,048,619	1M €	0.04 %
398	ROQUETTE FRERES 5.494% PERP France	EUR	1,000,000	1M €	0.04 %
399	HENLEY CLO I DAC E3R+5.96% 25-07-34 Ireland	EUR	1,000,000	1M €	0.04 %
400	AXACTOR AB E3R+5.35% 15-09-26 Norway	EUR	1,000,000	1M €	0.04 %
401	VATTENFALL AB 3.0% 19-03-77 Sweden	EUR	1,000,000	995.9K €	0.04 %
402	BORR IHC LTD BORR FINANCE LLC 10.375% 15-11-30 United States of America	USD	1,101,553	937.6K €	0.04 %
403	NATIONWIDE BUILDING SOCIETY 5.5% 14-07-36 United Kingdom	GBP	800,000	929.6K €	0.04 %
404	ASMODEE GROUP AB 5.75% 15-12-29 Sweden	EUR	693,333	729.5K €	0.03 %
405	JULIUS BAER GRUPPE AG 6.875% PERP Switzerland	USD	800,000	688.4K €	0.03 %
406	RAY FINANCING LLC 6.5% 15-07-31 United States of America	EUR	650,000	663.7K €	0.03 %
407	PROSUS NV 3.68% 21-01-30 Netherlands	USD	800,000	654.3K €	0.03 %
408	BUFFALO ENERGY MEXI 7.875% 15-02-39 Mexico	USD	630,774	588.6K €	0.02 %
409	SCC POWER 4.0% 17-05-32 United Kingdom	USD	2,561,374	566.2K €	0.02 %
410	ST PAULS CLO S8X B2 1.95% 17-07-30 Ireland	EUR	550,000	535K €	0.02 %
411	INPOST 4.0% 01-04-31 Poland	EUR	500,000	501.1K €	0.02 %
412	SVEAFASTIGHETER AB 4.75% 29-01-27 Sweden	EUR	400,000	399.8K €	0.02 %
413	BORR IHC LTD BORR FINANCE LLC 10.375% 15-11-30 United States of America	USD	451,456	384.2K €	0.01 %
414	NATIONWIDE BUILDING SOCIETY 7.875% PERP United Kingdom	GBP	300,000	363.1K €	0.01 %
415	NABORS INDUSTRIES 7.625% 15-11-32 United States of America	USD	400,000	334.7K €	0.01 %
416	BRISTOW GROUP 6.875% 01-03-28 United States of America	USD	325,000	277.5K €	0.01 %
417	CHANNEL LINK ENTERPRISES FINANCE 2.706% 30-06-50 United Kingdom	EUR	270,000	268.8K €	0.01 %
418	ENDEAVOUR MINING 7.0% 28-05-30 United Kingdom	USD	300,000	264.3K €	0.01 %
419	MC BRAZIL DOWNSTREAM TRADING SARL 7.25% 30-06-31 Luxembourg	USD	331,711	248.7K €	0.01 %
420	JSW HYDRO ENERGY 4.125% 18-05-31 India	USD	145,950	116K €	0.00 %
421	INDIA CLEANTECH ENERGY 4.7% 10-08-26 Mauritius	USD	40,227	34K €	0.00 %
422	ITALMATCH CHEMICALS 10.0% 06-02-28 Italy	EUR	4,000	4.2K €	0.00 %

Source: report published by Carmignac Portfolio Credit.