GLOBAL HIGH YIELD TABELLA DEGLI INVESTIMENTI AL 31 DICEMBRE 2015

Transcript

1 TABELLA DEGLI INVESTIMENTI AL 31 DICEMBRE 2015 Valore nominale 1) INVESTIMENTI A) VALORI MOBILIARI AMMESSI A UNA BORSA VALORI UFFICIALE O NEGOZIATI IN UN MERCATO REGOLAMENTATO 1) VALORI MOBILIARI QUOTATI: AZIONI STATI UNITI D AMERICA DigitalGlobe Inc 178 USD General Motors Co USD GMAC Capital Trust I 8.125% / preference USD ,32 Halcon Resources Corp USD ,01 JPMorgan Chase & Co 7.9% / preference USD ,09 Totale Stati Uniti d America ,42 TOTALE VALORI MOBILIARI QUOTATI: AZIONI ,42 2) VALORI MOBILIARI QUOTATI: WARRANT STATI UNITI D AMERICA General Motors Co 10/07/ USD General Motors Co 10/07/ USD Totale Stati Uniti d America TOTALE VALORI MOBILIARI QUOTATI: WARRANT ) VALORI MOBILIARI QUOTATI: OBBLIGAZIONI ANGOLA Angolan Government International Bond 9.5% 12/11/ USD ,07 Totale Angola ,07 ARGENTINA Argentine Republic Government International Bond 2.5% 31/12/ USD ,11 Argentine Republic Government International Bond 7.82% 31/12/ EUR ,08 Argentine Republic Government International Bond 8.28% 31/12/ USD ,41 Argentine Republic Government International Bond 8.28% 31/12/ USD ,03 Totale Argentina ,63 ARMENIA Armenia International Bond 6% 30/09/ USD ,06 Totale Armenia ,06 AUSTRIA OAS Investments GmbH 8.25% 19/10/ USD Totale Austria ISOLE BERMUDA Weatherford International Ltd/Bermuda 6.75% 15/09/ USD ,02 Totale Isole Bermuda ,02 209

2 BRASILE Banco Nacional de Desenvolvimento Economico e Social 5.75% 26/09/ USD ,02 Brazil Notas do Tesouro Nacional Serie B 6% 15/08/ BRL ,15 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/ BRL ,02 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/ BRL ,05 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/ BRL ,07 Brazilian Government International Bond 2.625% 05/01/ USD ,02 Brazilian Government International Bond 4.875% 22/01/ USD ,15 Brazilian Government International Bond 7.125% 20/01/ USD ,08 Totale Brasile ,56 CANADA Bombardier Inc 4.75% 15/04/ USD ,03 Bombardier Inc 6% 15/10/ USD ,05 Bombardier Inc 6.125% 15/01/ USD ,04 Teck Resources Ltd 3.75% 01/02/ USD ,01 Teck Resources Ltd 6% 15/08/ USD ,01 Teck Resources Ltd 6.25% 15/07/ USD ,03 Valeant Pharmaceuticals International Inc 7.5% 15/07/ USD ,06 Totale Canada ,23 ISOLE CAYMAN Lamar Funding Ltd 3.958% 07/05/ USD ,07 Marfrig Overseas Ltd 9.5% 04/05/ USD ,08 Mestenio Ltd 8.5% 02/01/2020* USD ,06 Shimao Property Holdings Ltd 8.375% 10/02/ USD ,03 Sukuk Funding No 3 Ltd 4.348% 03/12/ USD ,10 Transocean Inc 7.125% 15/12/ USD ,25 Transocean Inc 7.5% 15/04/ USD ,05 UPCB Finance V Ltd 7.25% 15/11/ USD ,04 Vale Overseas Ltd 6.875% 21/11/ USD ,02 Totale Isole Cayman ,70 CILE Corp Nacional del Cobre de Chile 4.5% 13/08/ USD ,01 Empresa Nacional del Petroleo 4.375% 30/10/ USD ,08 Totale Cile ,09 COLOMBIA Banco de Bogota SA 5.375% 19/02/ USD ,09 Colombia Government International Bond 5.625% 26/02/ USD ,15 Ecopetrol SA 7.375% 18/09/ USD ,01 Totale Colombia ,25 CIPRO Mriya Agro Holding Plc 9.45% 19/04/ USD ,02 Totale Cipro ,02 REPUBBLICA DOMINICANA Dominican Republic International Bond 6.85% 27/01/ USD ,16 Dominican Republic International Bond 7.5% 06/05/ USD ,05 Totale Repubblica Dominicana ,21 *Posizione bloccata per la negoziazione. 210

3 EGITTO Egypt Government International Bond 5.875% 11/06/ USD ,18 Totale Egitto ,18 EL SALVADOR El Salvador Government International Bond 5.875% 30/01/ USD ,06 El Salvador Government International Bond 6.375% 18/01/ USD ,11 El Salvador Government International Bond 7.625% 01/02/ USD ,01 El Salvador Government International Bond 7.65% 15/06/ USD ,03 Totale El Salvador ,21 ETIOPIA Ethiopia International Bond 6.625% 11/12/ USD ,32 Totale Etiopia ,32 FEDERAZIONE RUSSA Russian Federal Bond - OFZ 7.05% 19/01/ RUB ,31 Russian Federal Bond - OFZ 8.15% 03/02/ RUB ,01 Russian Foreign Bond - Eurobond 4.875% 16/09/ USD ,28 Totale Federazione Russa ,60 FRANCIA Numericable-SFR SAS 4.875% 15/05/ USD ,08 Numericable-SFR SAS 6% 15/05/ USD ,44 Totale Francia ,52 GABON Gabon Government International Bond 6.375% 12/12/ USD ,05 Gabon Government International Bond 6.95% 16/06/ USD ,03 Totale Gabon ,08 GEORGIA Georgia Government International Bond 6.875% 12/04/ USD ,14 Georgian Oil and Gas Corp JSC 6.875% 16/05/ USD ,05 Georgian Railway JSC 7.75% 11/07/ USD ,08 Totale Georgia ,27 GERMANIA Deutsche Bank AG 7.5% / perpetual USD ,07 Totale Germania ,07 GHANA Ghana Government International Bond 8.125% 18/01/ USD ,25 Totale Ghana ,25 GUATEMALA Guatemala Government Bond 5.75% 06/06/ USD ,04 Totale Guatemala ,04 211

4 INDIA Indian Railway Finance Corp Ltd 3.917% 26/02/ USD ,02 Totale India ,02 INDONESIA Indonesia Government International Bond 4.875% 05/05/ USD ,01 Indonesia Government International Bond 5.875% 15/01/2024 EMTN USD ,36 Indonesia Treasury Bond 8.375% 15/03/ IDR ,22 Indonesia Treasury Bond 9% 15/03/ IDR ,14 Pertamina Persero PT 4.3% 20/05/2023 EMTN USD ,07 Pertamina Persero PT 6% 03/05/ USD ,03 Pertamina Persero PT 6.5% 27/05/ USD ,19 Totale Indonesia ,02 IRAQ Iraq International Bond 5.8% 15/01/ USD ,19 Totale Iraq ,19 IRLANDA Alfa Bank AO Via Alfa Bond Issuance Plc 7.75% 28/04/ USD ,08 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 3.512% 15/12/ USD ,11 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6.25% 31/01/ USD ,04 EDC Finance Ltd 4.875% 17/04/ USD ,09 Vimpel Communications Via VIP Finance Ireland Ltd OJSC 7.748% 02/02/ USD ,10 Vnesheconombank Via VEB Finance Plc 6.902% 09/07/ USD ,08 Totale Irlanda ,50 ITALIA Telecom Italia SpA 5.303% 30/05/ USD ,20 Totale Italia ,20 COSTA D AVORIO Ivory Coast Government International Bond 5.75% 31/12/ USD ,22 Ivory Coast Government International Bond 6.375% 03/03/ USD ,07 Totale Costa d Avorio ,29 GIAMAICA Jamaica Government International Bond 7.875% 28/07/ USD ,17 Totale Giamaica ,17 GIAPPONE SoftBank Group Corp 4.5% 15/04/ USD ,12 SoftBank Group Corp 6% 30/07/ USD ,13 Totale Giappone ,25 KAZAKISTAN Kazakhstan Temir Zholy Finance BV 6.95% 10/07/ USD ,29 KazMunayGas National Co JSC 7% 05/05/ USD ,12 KazMunayGas National Co JSC 9.125% 02/07/2018 EMTN USD ,07 Totale Kazakistan ,48 212

5 KENYA Kenya Government International Bond 6.875% 24/06/ USD ,11 Totale Kenya ,11 LUSSEMBURGO Altice Financing SA 6.5% 15/01/ USD ,12 Altice Financing SA 6.625% 15/02/ USD ,29 Altice Finco SA 7.625% 15/02/ USD ,01 Altice Finco SA 8.125% 15/01/ USD ,09 ArcelorMittal 6.125% 01/06/ USD ,05 ArcelorMittal 6.5% 01/03/ USD ,04 ArcelorMittal 7.25% 25/02/ USD ,13 ArcelorMittal 8% 15/10/ USD ,09 Coveris Holdings SA 7.875% 01/11/ USD ,08 Intelsat Jackson Holdings SA 6.625% 15/12/ USD ,18 Intelsat Jackson Holdings SA 7.25% 01/04/ USD ,02 Intelsat Jackson Holdings SA 7.25% 15/10/ USD ,10 Intelsat Jackson Holdings SA 7.5% 01/04/ USD ,06 Intelsat Luxembourg SA 7.75% 01/06/ USD ,19 Rosneft Finance SA 7.875% 13/03/2018 EMTN USD ,06 Telecom Italia Capital SA 7.721% 04/06/ USD ,07 Wind Acquisition Finance SA 4.75% 15/07/ USD ,19 Wind Acquisition Finance SA 7.375% 23/04/ USD ,34 Totale Lussemburgo ,11 MAROCCO Morocco Government International Bond 4.25% 11/12/ USD ,04 Totale Marocco ,04 ISOLE MAURIZIO MTN Mauritius Investments Ltd 4.755% 11/11/ USD ,01 Totale Isole Maurizio ,01 MESSICO Alfa SAB de CV 6.875% 25/03/ USD ,11 Corp GEO SAB de CV 9.25% 30/06/ USD Mexican Bonos 5.75% 05/03/ MXN ,18 Mexican Bonos 8.5% 13/12/ MXN ,06 Mexican Udibonos 4.5% 22/11/ MXN ,11 Mexico Government International Bond 4% 02/10/ USD ,02 Mexico Government International Bond 5.55% 21/01/ USD ,15 Mexico Government International Bond 6.05% 11/01/ USD ,32 Petroleos Mexicanos 5.625% 23/01/2046 EMTN USD ,06 Petroleos Mexicanos 6.375% 23/01/ USD ,08 Petroleos Mexicanos 6.5% 02/06/ USD ,23 Petroleos Mexicanos 6.625% 15/06/ USD ,11 Urbi Desarrollos Urbanos SAB de CV 9.5% 21/01/ USD Urbi Desarrollos Urbanos SAB de CV 9.75% 03/02/ USD Totale Messico ,43 213

6 MONGOLIA Development Bank of Mongolia LLC 5.75% 21/03/2017 EMTN USD ,12 Mongolia Government International Bond 4.125% 05/01/2018 EMTN USD ,06 Trade & Development Bank of Mongolia LLC 9.375% 19/05/2020 EMTN USD ,08 Totale Mongolia ,26 PAESI BASSI Constellium NV 5.75% 15/05/ USD ,07 Fiat Chrysler Automobiles NV 4.5% 15/04/ USD ,03 Lukoil International Finance BV 4.563% 24/04/ USD ,04 Myriad International Holdings BV 5.5% 21/07/ USD ,06 New World Resources NV 4% 07/10/ EUR New World Resources NV 8% 07/04/ EUR Petrobras Global Finance BV 3% 15/01/ USD ,03 Petrobras Global Finance BV 5.75% 20/01/ USD ,07 Petrobras Global Finance BV 6.25% 17/03/ USD ,07 Petrobras Global Finance BV 6.875% 20/01/ USD Petrobras Global Finance BV 7.875% 15/03/ USD ,11 Schaeffler Finance BV 4.25% 15/05/ USD ,18 Schaeffler Finance BV 4.75% 15/05/ USD ,08 Totale Paesi Bassi ,74 NIGERIA Zenith Bank Plc 6.25% 22/04/2019 EMTN USD ,04 Totale Nigeria ,04 PAKISTAN Pakistan Government International Bond 8.25% 15/04/ USD ,08 Pakistan Government International Bond 8.25% 30/09/ USD ,10 Totale Pakistan ,18 PARAGUAY Republic of Paraguay 6.1% 11/08/ USD ,22 Totale Paraguay ,22 PERÙ Peruvian Government International Bond 6.95% 12/08/ PEN ,24 Totale Perù ,24 ROMANIA Romanian Government International Bond 6.75% 07/02/2022 EMTN USD ,20 Totale Romania ,20 RUANDA Rwanda International Government Bond 6.625% 02/05/ USD ,16 Totale Ruanda ,16 SENEGAL Senegal Government International Bond 8.75% 13/05/ USD ,05 Totale Senegal ,05 214

7 SERBIA Serbia International Bond 5.25% 21/11/ USD ,09 Serbia International Bond 5.875% 03/12/ USD ,01 Serbia International Bond 7.25% 28/09/ USD ,20 Totale Serbia ,30 SINGAPORE ABJA Investment Co Pte Ltd 5.95% 31/07/ USD ,07 Totale Singapore ,07 SUDAFRICA Eskom Holdings SOC Ltd 6.75% 06/08/ USD ,21 Totale Sudafrica ,21 SPAGNA Abengoa Finance SAU 7.75% 01/02/ USD Totale Spagna SVIZZERA Credit Suisse Group AG 6.25% / perpetual USD ,04 Credit Suisse Group AG 7.5% / perpetual USD ,07 UBS Group AG 6.875% / perpetual USD ,07 UBS Group AG 7.125% / perpetual USD ,09 Totale Svizzera ,27 TUNISIA Banque Centrale de Tunisie International Bond 5.75% 30/01/ USD ,18 Totale Tunisia ,18 TURCHIA Turkey Government International Bond 4.875% 16/04/ USD ,05 Turkey Government International Bond 6.25% 26/09/ USD ,35 Turkey Government International Bond 6.75% 30/05/ USD ,06 Turkiye Garanti Bankasi AS 5.25% 13/09/ USD ,08 Totale Turchia ,54 UCRAINA Ukraine Government International Bond 7.75% 01/09/ USD ,01 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Ukraine Government International Bond 7.75% 01/09/ USD ,01 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Ukraine Government International Bond 7.75% 01/09/ USD ,05 Totale Ucraina ,37 215

8 EMIRATI ARABI UNITI Emirate of Dubai Government International Bonds 5.25% 30/01/2043 EMTN USD ,10 Totale Emirati Arabi Uniti ,10 REGNO UNITO Barclays Plc 6.625% / perpetual USD ,05 Barclays Plc 8.25% / perpetual USD ,17 DTEK Finance Plc % 28/03/ USD Royal Bank of Scotland Group Plc 7.5% / perpetual USD ,25 Royal Bank of Scotland Group Plc 8% / perpetual USD ,08 State Bank of India 3.25% 18/04/ USD ,06 Totale Regno Unito ,61 STATI UNITI D AMERICA Acadia Healthcare Co Inc 5.625% 15/02/ USD ,05 ADS Waste Holdings Inc 8.25% 01/10/ USD ,10 AECOM 5.75% 15/10/ USD ,04 AECOM 5.875% 15/10/ USD ,04 Alcatel-Lucent USA Inc 6.45% 15/03/ USD ,11 Ally Financial Inc 3.25% 13/02/ USD ,03 Ally Financial Inc 5.125% 30/09/ USD ,06 Ally Financial Inc 5.5% 15/02/ USD ,15 Ally Financial Inc 5.75% 20/11/ USD ,04 Ally Financial Inc 6.25% 01/12/ USD ,09 Ally Financial Inc 7.5% 15/09/ USD ,09 Ally Financial Inc 8% 01/11/ USD ,24 Ally Financial Inc 8% 15/03/ USD ,03 Aramark Services Inc 5.75% 15/03/ USD ,07 Ashtead Capital Inc 5.625% 01/10/ USD ,16 Associated Materials LLC / AMH New Finance Inc 9.125% 01/11/ USD ,17 Avis Budget Car Rental LLC / Avis Budget Finance Inc 5.5% 01/04/ USD ,04 Ball Corp 4.375% 15/12/ USD ,03 Ball Corp 5.25% 01/07/ USD ,08 Bank of America Corp 5.125% / perpetual USD ,02 Bank of America Corp 6.25% / perpetual USD ,04 Bank of America Corp 6.5% / perpetual USD ,22 Boyd Gaming Corp 6.875% 15/05/ USD ,09 BreitBurn Energy Partners LP / BreitBurn Finance Corp 7.875% 15/04/ USD ,02 Cablevision Systems Corp 5.875% 15/09/ USD ,10 Cablevision Systems Corp 8% 15/04/ USD ,09 CalAtlantic Group Inc 6.25% 15/12/ USD ,14 California Resources Corp 5.5% 15/09/ USD California Resources Corp 6% 15/11/ USD Calpine Corp 5.375% 15/01/ USD ,23 Calpine Corp 5.75% 15/01/ USD Carrizo Oil & Gas Inc 6.25% 15/04/ USD ,04 CCO Holdings LLC / CCO Holdings Capital Corp 6.5% 30/04/ USD ,22 CCO Holdings LLC / CCO Holdings Capital Corp 7% 15/01/ USD ,02 CenturyLink Inc 7.6% 15/09/ USD ,06 CenturyLink Inc 7.65% 15/03/ USD ,26 Chaparral Energy Inc 7.625% 15/11/ USD Chaparral Energy Inc 8.25% 01/09/ USD ,03 Chaparral Energy Inc 9.875% 01/10/ USD ,01 Chesapeake Energy Corp 4.875% 15/04/ USD ,01 Chesapeake Energy Corp 6.125% 15/02/ USD ,02 216

9 Chesapeake Energy Corp 6.625% 15/08/ USD ,03 CIT Group Inc 5.25% 15/03/ USD ,15 CIT Group Inc 5.5% 15/02/ USD ,01 Citigroup Inc 5.875% / perpetual USD ,16 Citigroup Inc 6.125% / perpetual USD ,06 Concho Resources Inc 5.5% 01/04/ USD ,08 Concho Resources Inc 5.5% 01/10/ USD ,02 Concho Resources Inc 7% 15/01/ USD ,04 Continental Airlines Class C Pass Thru Certificates 6.125% 29/04/ USD ,24 Denbury Resources Inc 5.5% 01/05/ USD ,01 DISH DBS Corp 5.875% 15/11/ USD ,27 DISH DBS Corp 6.75% 01/06/ USD ,16 EP Energy LLC / Everest Acquisition Finance Inc 9.375% 01/05/ USD ,08 Equinix Inc 4.875% 01/04/ USD ,09 Equinix Inc 5.375% 01/01/ USD ,08 Equinix Inc 5.375% 01/04/ USD ,17 Equinix Inc 5.75% 01/01/ USD ,12 Fresenius Medical Care US Finance II Inc 5.625% 31/07/ USD ,14 Fresenius Medical Care US Finance Inc 5.75% 15/02/ USD ,07 Frontier Communications Corp 6.875% 15/01/ USD ,01 Frontier Communications Corp 7.625% 15/04/ USD ,16 Frontier Communications Corp 8.125% 01/10/ USD ,09 Frontier Communications Corp 8.5% 15/04/ USD ,14 Frontier Communications Corp 9% 15/08/ USD ,02 General Motors Financial Co Inc 3.25% 15/05/ USD ,02 General Motors Financial Co Inc 4.75% 15/08/ USD ,05 Genworth Holdings Inc 4.9% 15/08/ USD ,04 Genworth Holdings Inc 7.2% 15/02/ USD ,02 Genworth Holdings Inc 7.625% 24/09/ USD ,11 Goldman Sachs Capital II 4% / perpetual USD ,20 Goodyear Tire & Rubber Co 6.5% 01/03/ USD ,10 Gulfmark Offshore Inc 6.375% 15/03/ USD ,07 HCA Holdings Inc 6.25% 15/02/ USD ,25 HCA Inc 3.75% 15/03/ USD ,04 HCA Inc 4.75% 01/05/ USD ,16 HCA Inc 5% 15/03/ USD ,27 HCA Inc 5.25% 15/04/ USD ,22 HCA Inc 5.875% 15/02/ USD ,09 HCA Inc 6.5% 15/02/ USD ,37 HCA Inc 7.5% 15/02/ USD ,28 HD Supply Inc 11.5% 15/07/ USD ,16 Hertz Corp 6.75% 15/04/ USD ,06 Hexion Inc 6.625% 15/04/ USD ,19 Hughes Satellite Systems Corp 6.5% 15/06/ USD ,05 Hughes Satellite Systems Corp 7.625% 15/06/ USD ,11 Huntsman International LLC 4.875% 15/11/ USD ,13 iheartcommunications Inc 9% 01/03/ USD iheartcommunications Inc 9% 15/12/ USD ,04 IHS Inc 5% 01/11/ USD ,11 Illinois Power Generating Co 6.3% 01/04/ USD ,06 International Lease Finance Corp 4.625% 15/04/ USD ,01 Jarden Corp 7.5% 01/05/ USD ,08 JBS USA LLC / JBS USA Finance Inc 7.25% 01/06/ USD ,05 JPMorgan Chase & Co 6.1% / perpetual USD ,19 KB Home 7.25% 15/06/ USD ,09 KB Home 7.625% 15/05/ USD ,03 Kinder Morgan Inc 8.05% 15/10/ USD ,01 217

10 L Brands Inc 5.625% 15/02/ USD ,12 L Brands Inc 5.625% 15/10/ USD ,04 L Brands Inc 6.625% 01/04/ USD ,05 Lennar Corp 4.875% 15/12/ USD ,05 Levi Strauss & Co 6.875% 01/05/ USD ,19 LifePoint Health Inc 5.875% 01/12/ USD ,02 Linn Energy LLC / Linn Energy Finance Corp 6.25% 01/11/ USD ,01 Linn Energy LLC / Linn Energy Finance Corp 7.75% 01/02/ USD ,03 Linn Energy LLC / Linn Energy Finance Corp 8.625% 15/04/ USD ,01 Meritage Homes Corp 7.15% 15/04/ USD ,04 MGM Resorts International % 01/03/ USD ,05 MGM Resorts International 6% 15/03/ USD ,04 MGM Resorts International 6.625% 15/12/ USD ,47 MGM Resorts International 6.75% 01/10/ USD ,22 MGM Resorts International 7.75% 15/03/ USD ,18 Momentive Performance Materials Inc 3.88% 24/10/ USD ,07 Navient Corp 5% 15/06/ USD ,03 Navient Corp 5.5% 15/01/ USD ,15 Navient Corp 5.875% 25/03/ USD ,06 Navient Corp 8.45% 15/06/ USD ,07 Newfield Exploration Co 5.375% 01/01/ USD ,07 Oasis Petroleum Inc 6.5% 01/11/ USD ,01 Oasis Petroleum Inc 6.875% 15/03/ USD ,12 ONEOK Inc 7.5% 01/09/ USD ,06 Peabody Energy Corp 6% 15/11/ USD ,01 Peabody Energy Corp 6.25% 15/11/ USD Peabody Energy Corp 6.5% 15/09/ USD Post Holdings Inc 7.375% 15/02/ USD ,19 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 7.875% 15/08/ USD ,08 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 9% 15/04/ USD ,37 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 9.875% 15/08/ USD ,23 RHP Hotel Properties LP / RHP Finance Corp 5% 15/04/ USD ,03 RSP Permian Inc 6.625% 01/10/ USD ,12 Sally Holdings LLC / Sally Capital Inc 5.625% 01/12/ USD ,15 Samson Investment Co 9.75% 15/02/ USD SM Energy Co 5.625% 01/06/ USD ,04 Southern Copper Corp 5.875% 23/04/ USD ,02 Springleaf Finance Corp 6.9% 15/12/ USD ,13 Sprint Capital Corp 6.9% 01/05/ USD ,19 Sprint Capital Corp 8.75% 15/03/ USD ,07 Sprint Communications Inc 7% 15/08/ USD ,10 Sprint Communications Inc 8.375% 15/08/ USD ,12 Sprint Corp 7.125% 15/06/ USD ,03 Sprint Corp 7.25% 15/09/ USD ,38 Sprint Corp 7.625% 15/02/ USD ,05 Sprint Corp 7.875% 15/09/ USD ,41 Tenet Healthcare Corp 8.125% 01/04/ USD ,10 T-Mobile USA Inc 6.125% 15/01/ USD ,17 T-Mobile USA Inc 6.25% 01/04/ USD ,19 T-Mobile USA Inc 6.5% 15/01/ USD ,22 T-Mobile USA Inc 6.542% 28/04/ USD ,09 T-Mobile USA Inc 6.625% 01/04/ USD ,08 T-Mobile USA Inc 6.731% 28/04/ USD ,15 United Rentals North America Inc 4.625% 15/07/ USD ,13 United Rentals North America Inc 5.5% 15/07/ USD ,11 218

11 United Rentals North America Inc 7.375% 15/05/ USD ,18 United Rentals North America Inc 7.625% 15/04/ USD ,12 United Rentals North America Inc 8.25% 01/02/ USD ,03 US Airways Class B Pass Through Trust 6.75% 03/06/ USD ,04 US Airways Class C Pass Through Trust 5.45% 03/06/ USD ,05 US Airways Group Inc 6.125% 01/06/ USD ,09 VeriSign Inc 5.25% 01/04/ USD ,06 Weatherford International LLC 6.8% 15/06/ USD ,04 Wells Fargo & Co 5.875% / perpetual USD ,13 Whiting Petroleum Corp 5% 15/03/ USD ,10 Whiting Petroleum Corp 6.5% 01/10/ USD ,02 Windstream Services LLC 7.75% 01/10/ USD ,08 Windstream Services LLC 7.75% 15/10/ USD ,13 Windstream Services LLC 7.875% 01/11/ USD ,06 Totale Stati Uniti d America ,55 URUGUAY Uruguay Government International Bond 4.25% 05/04/ UYU ,18 Uruguay Government International Bond 5% 14/09/ UYU ,08 Uruguay Government International Bond 5.1% 18/06/ USD ,26 Totale Uruguay ,52 VENEZUELA Petroleos de Venezuela SA 5.25% 12/04/ USD ,04 Petroleos de Venezuela SA 8.5% 02/11/ USD ,04 Venezuela Government International Bond 7.75% 13/10/ USD ,21 Totale Venezuela ,29 ISOLE VERGINI QGOG Atlantic / Alaskan Rigs Ltd 5.25% 30/07/ USD ,02 Studio City Finance Ltd 8.5% 01/12/ USD ,10 Totale Isole Vergini ,12 ZAMBIA Zambia Government International Bond 8.97% 30/07/ USD ,17 Totale Zambia ,17 TOTALE VALORI MOBILIARI QUOTATI: OBBLIGAZIONI ,59 4) VALORI MOBILIARI QUOTATI: FONDI DI INVESTIMENTO IRLANDA ishares JP Morgan $ Emerging Markets Bond UCITS ETF USD ,92 Totale Irlanda ,92 TOTALE VALORI MOBILIARI QUOTATI: FONDI DI INVESTIMENTO ,92 TOTALE VALORI MOBILIARI AMMESSI A UNA BORSA VALORI UFFICIALE O NEGOZIATI IN UN MERCATO REGOLAMENTATO ,93 1 ETF. 219

12 B) ALTRI VALORI MOBILIARI NEGOZIATI SU UN ALTRO MERCATO REGOLAMENTATO 1) ALTRI MERCATI ORGANIZZATI: AZIONI STATI UNITI D AMERICA Bank of America Corp 8.125% / preference USD ,09 Totale Stati Uniti d America ,09 TOTALE ALTRI MERCATI ORGANIZZATI: AZIONI ,09 2) ALTRI MERCATI ORGANIZZATI: OBBLIGAZIONI AUSTRALIA Broadspectrum Ltd 8.375% 15/05/ USD ,09 FMG Resources August 2006 Pty Ltd 9.75% 01/03/ USD ,13 Totale Australia ,22 ISOLE BERMUDA Aircastle Ltd 5.5% 15/02/ USD ,04 Digicel Group Ltd 8.25% 30/09/ USD ,17 Digicel Ltd 6% 15/04/ USD ,04 Digicel Ltd 6.75% 01/03/ USD ,09 Digicel Ltd 7% 15/02/ USD ,08 NCL Corp Ltd 4.625% 15/11/ USD ,09 Sea Production Ltd % 14/03/ USD ,02 Totale Isole Bermuda ,53 BRASILE Brazil Notas do Tesouro Nacional Serie B 6% 15/08/ BRL ,07 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/ BRL ,17 Totale Brasile ,24 CANADA BC ULC / New Red Finance Inc 4.625% 15/01/ USD , BC ULC / New Red Finance Inc 6% 01/04/ USD ,26 Air Canada 6.75% 01/10/ USD ,09 Air Canada 8.75% 01/04/ USD ,05 ATS Automation Tooling Systems Inc 6.5% 15/06/ USD ,10 Bombardier Inc 6% 15/10/ USD ,04 Bombardier Inc 7.75% 15/03/ USD ,02 Brookfield Residential Properties Inc / Brookfield Residential US Corp 6.125% 01/07/ USD ,06 Brookfield Residential Properties Inc 6.375% 15/05/ USD ,12 Brookfield Residential Properties Inc 6.5% 15/12/ USD ,08 Concordia Healthcare Corp 7% 15/04/ USD ,11 Lundin Mining Corp 7.5% 01/11/ USD ,01 Lundin Mining Corp 7.875% 01/11/ USD ,05 MEG Energy Corp 6.5% 15/03/ USD ,06 MEG Energy Corp 7% 31/03/ USD ,04 New Gold Inc 6.25% 15/11/ USD ,07 Norbord Inc 6.25% 15/04/ USD ,07 Novelis Inc 8.375% 15/12/ USD ,12 220

13 Paramount Resources Ltd 6.875% 30/06/ USD ,09 Stone Container Finance Co of Canada II 7.375% 15/07/ USD Ultra Petroleum Corp 6.125% 01/10/ USD ,01 Valeant Pharmaceuticals International Inc 5.875% 15/05/ USD ,21 Valeant Pharmaceuticals International Inc 6.125% 15/04/ USD ,09 Valeant Pharmaceuticals International Inc 6.75% 15/08/ USD ,02 Valeant Pharmaceuticals International Inc 7.5% 15/07/ USD ,13 Totale Canada ,04 ISOLE CAYMAN Comcel Trust via Comunicaciones Celulares SA 6.875% 06/02/ USD ,01 EP PetroEcuador via Noble Sovereign Funding I Ltd % 24/09/ USD ,07 Seagate HDD Cayman 4.875% 01/06/ USD ,03 UPCB Finance IV Ltd 5.375% 15/01/ USD ,17 Totale Isole Cayman ,28 CILE Empresa Electrica Angamos SA 4.875% 25/05/ USD ,05 Inversiones Alsacia SA 8% 31/12/ USD ,02 SACI Falabella 3.75% 30/04/ USD ,08 Totale Cile ,15 REPUBBLICA DOMINICANA Dominican Republic International Bond 5.875% 18/04/ USD ,06 Dominican Republic International Bond 7.45% 30/04/ USD ,14 Totale Repubblica Dominicana ,20 GERMANIA Unitymedia GmbH 6.125% 15/01/ USD ,07 Totale Germania ,07 GUATEMALA Guatemala Government Bond 4.875% 13/02/ USD ,01 Totale Guatemala ,01 HONDURAS Honduras Government International Bond 8.75% 16/12/ USD ,19 Totale Honduras ,19 IRLANDA AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 4.25% 01/07/ USD ,03 AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 4.625% 01/07/ USD ,04 AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 4.625% 30/10/ USD ,02 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 30/06/ USD ,04 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 7% 15/11/ USD ,02 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 9.125% 15/10/ USD ,05 Ardagh Packaging Finance Plc 9.125% 15/10/ USD ,09 Endo Ltd / Endo Finance LLC / Endo Finco Inc 6% 15/07/ USD ,26 James Hardie International Finance Ltd 5.875% 15/02/ USD ,07 Totale Irlanda ,62 221

14 LUSSEMBURGO Altice US Finance SA 7.75% 15/07/ USD ,01 Ardagh Finance Holdings SA 8.625% 15/06/ USD ,17 Intelsat Jackson Holdings SA 5.5% 01/08/ USD ,07 Intelsat Luxembourg SA 8.125% 01/06/ USD ,04 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 4.875% 15/04/ USD ,01 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 5.5% 15/04/ USD ,01 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 5.625% 15/10/ USD ,01 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 5.75% 01/08/ USD ,09 Mallinckrodt International Finance SA 3.5% 15/04/ USD ,02 Mallinckrodt International Finance SA 4.75% 15/04/ USD ,08 Nielsen Co Luxembourg SARL 5.5% 01/10/ USD ,04 Totale Lussemburgo ,55 MESSICO Oceanografia SA de CV 11.25% 15/07/ USD Totale Messico MOZAMBICO EMATUM Via Mozambique EMATUM Finance 2020 BV 6.305% 11/09/ USD ,09 Totale Mozambico ,09 PAESI BASSI Constellium NV 8% 15/01/ USD ,03 UPC Holding BV 6.75% 15/03/2023 EMTN CHF ,06 VTR Finance BV 6.875% 15/01/ USD ,12 Zhaikmunai LLP 7.125% 13/11/ USD ,07 Totale Paesi Bassi ,28 PERÙ Peruvian Government International Bond 7.84% 12/08/ PEN ,18 Totale Perù ,18 SPAGNA Abengoa Greenfield SA 6.5% 01/10/ USD ,01 Totale Spagna ,01 SVIZZERA Credit Suisse Group AG 7.5% / perpetual USD ,31 Totale Svizzera ,31 TANZANIA Tanzania Government International Bond % 09/03/ USD ,10 Totale Tanzania ,10 UCRAINA Ukraine Government International Bond 0% 31/05/ USD ,04 Totale Ucraina ,04 222

15 REGNO UNITO Inmarsat Finance Plc 4.875% 15/05/ USD ,12 International Game Technology Plc 6.25% 15/02/ USD ,09 Virgin Media Finance Plc 6% 15/10/ USD ,03 Virgin Media Finance Plc 6.375% 15/04/ USD ,15 Virgin Media Secured Finance Plc 5.25% 15/01/ USD ,06 Virgin Media Secured Finance Plc 5.375% 15/04/ USD ,20 Totale Regno Unito ,65 STATI UNITI D AMERICA Acosta Inc 7.75% 01/10/ USD ,09 AES Corp/VA % 01/06/ USD ,03 Ahern Rentals Inc 7.375% 15/05/ USD ,16 Altice US Finance I Corp 5.375% 15/07/ USD ,08 Altice US Finance II Corp 7.75% 15/07/ USD ,03 American Airlines Class B Pass Through Trust 5.6% 15/07/ USD ,06 American Airlines Group Inc 4.625% 01/03/ USD ,03 American Airlines Group Inc 5.5% 01/10/ USD ,12 American Builders & Contractors Supply Co Inc 5.75% 15/12/ USD ,09 Antero Resources Corp 5.125% 01/12/ USD ,05 Antero Resources Corp 5.625% 01/06/ USD ,07 Antero Resources Corp 6% 01/12/ USD ,03 Ashland Inc 4.75% 15/08/ USD ,14 Aspect Software Inc % 15/05/ USD ,06 Atrium Windows & Doors Inc 7.75% 01/05/ USD ,11 Aviation Capital Group Corp 4.625% 31/01/ USD ,05 Aviation Capital Group Corp 6.75% 06/04/ USD ,18 Bank of America Corp 8% / preference USD ,10 Beacon Roofing Supply Inc 6.375% 01/10/ USD ,11 Beazer Homes USA Inc 5.75% 15/06/ USD ,07 Beazer Homes USA Inc 7.25% 01/02/ USD ,10 Beazer Homes USA Inc 7.5% 15/09/ USD ,09 Beazer Homes USA Inc 9.125% 15/05/ USD ,09 Berry Petroleum Co LLC 6.375% 15/09/ USD ,03 Blue Racer Midstream LLC / Blue Racer Finance Corp 6.125% 15/11/ USD ,09 BMC Software Finance Inc 8.125% 15/07/ USD ,15 Boxer Parent Co Inc 9% 15/10/ USD ,04 Builders FirstSource Inc 10.75% 15/08/ USD ,13 Builders FirstSource Inc 7.625% 01/06/ USD ,12 Building Materials Corp of America 6% 15/10/ USD ,08 BWAY Holding Co 9.125% 15/08/ USD ,25 Cablevision Systems Corp 7.75% 15/04/ USD ,17 CalAtlantic Group Inc 8.375% 15/01/ USD ,01 California Resources Corp 8% 15/12/ USD ,03 Calpine Corp 5.875% 15/01/ USD ,02 Calpine Corp 6% 15/01/ USD ,06 Calpine Corp 7.875% 15/01/ USD ,09 Carmike Cinemas Inc 6% 15/06/ USD ,04 Carrizo Oil & Gas Inc 7.5% 15/09/ USD ,07 CBL & Associates LP 5.25% 01/12/ USD ,12 CBRE Services Inc 5.25% 15/03/ USD ,14 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 01/05/ USD ,02 CCO Holdings LLC / CCO Holdings Capital Corp 5.25% 30/09/ USD ,03 CCO Holdings LLC / CCO Holdings Capital Corp 5.75% 15/01/ USD ,04 CCO Holdings LLC / CCO Holdings Capital Corp 5.875% 01/05/ USD ,21 223

16 CCO Holdings LLC / CCO Holdings Capital Corp 6.625% 31/01/ USD ,12 CCO Holdings LLC / CCO Holdings Capital Corp 7.375% 01/06/ USD ,05 CCO Safari II LLC 4.908% 23/07/ USD ,17 CCOH Safari LLC 5.75% 15/02/ USD ,16 CDW LLC / CDW Finance Corp 5.5% 01/12/ USD ,02 Cequel Communications Holdings I LLC / Cequel Capital Corp 6.375% 15/09/ USD ,05 Ceridian HCM Holding Inc 11% 15/03/ USD ,09 Chemours Co 6.625% 15/05/ USD ,02 Chemours Co 7% 15/05/ USD ,04 CHS/Community Health Systems Inc 5.125% 15/08/ USD ,27 CHS/Community Health Systems Inc 6.875% 01/02/ USD ,24 CHS/Community Health Systems Inc 7.125% 15/07/ USD ,31 CHS/Community Health Systems Inc 8% 15/11/ USD ,15 CIT Group Inc 5.5% 15/02/ USD ,44 Citgo Holding Inc 10.75% 15/02/ USD ,13 CITGO Petroleum Corp 6.25% 15/08/ USD ,05 Citigroup Inc 5.9% / perpetual USD ,09 Claire s Stores Inc 9% 15/03/ USD ,14 Clear Channel Worldwide Holdings Inc 6.5% 15/11/ USD ,15 Clear Channel Worldwide Holdings Inc 6.5% 15/11/2022 Shs B USD ,04 Clear Channel Worldwide Holdings Inc 7.625% 15/03/ USD ,22 Clearwater Paper Corp 5.375% 01/02/ USD ,18 Cleaver-Brooks Inc 8.75% 15/12/ USD ,04 CNH Industrial Capital LLC 3.875% 16/07/ USD ,03 Communications Sales & Leasing Inc / CSL Capital LLC 8.25% 15/10/ USD ,14 Comstock Resources Inc 10% 15/03/ USD ,06 Constellation Brands Inc 4.25% 01/05/ USD ,21 Continental Airlines Class B Pass Through Trust 6.903% 19/04/ USD ,03 CoreLogic Inc 7.25% 01/06/ USD ,13 Cott Beverages Inc 6.75% 01/01/ USD ,09 CPG Merger Sub LLC 8% 01/10/ USD ,04 Crown Castle International Corp 5.25% 15/01/ USD ,18 CrownRock LP / CrownRock Finance Inc 7.125% 15/04/ USD ,20 CrownRock LP / CrownRock Finance Inc 7.75% 15/02/ USD ,01 CSC Holdings LLC 6.75% 15/11/ USD ,11 DaVita HealthCare Partners Inc 5.75% 15/08/ USD ,08 Delta Air Lines Class B Pass Through Trust 6.375% 02/01/ USD ,04 Delta Air Lines Class B Pass Through Trust 6.875% 07/05/ USD ,03 Denali Borrower LLC / Denali Finance Corp 5.625% 15/10/ USD ,27 Denbury Resources Inc 4.625% 15/07/ USD ,06 DISH DBS Corp 5% 15/03/ USD ,06 DISH DBS Corp 7.875% 01/09/ USD ,05 DJO Finco Inc / DJO Finance LLC / DJO Finance Corp 8.125% 15/06/ USD ,07 Dollar Tree Inc 5.25% 01/03/ USD ,01 Dollar Tree Inc 5.75% 01/03/ USD ,16 DR Horton Inc 3.75% 01/03/ USD ,08 DR Horton Inc 4.75% 15/02/ USD ,04 DuPont Fabros Technology LP 5.875% 15/09/ USD ,18 Dynegy Inc 6.75% 01/11/ USD ,11 Dynegy Inc 7.375% 01/11/ USD ,03 Elwood Energy LLC 8.159% 05/07/ USD ,10 Emdeon Inc 6% 15/02/ USD ,05 Ensemble S Merger Sub Inc 9% 30/09/ USD ,03 Equinix Inc 5.875% 15/01/ USD ,15 ExamWorks Group Inc 5.625% 15/04/ USD ,05 Felcor Lodging LP 5.625% 01/03/ USD ,07 224

17 Ferrellgas LP / Ferrellgas Finance Corp 6.75% 15/06/ USD ,07 First Data Corp 5% 15/01/ USD ,04 First Data Corp 5.75% 15/01/ USD ,22 First Data Corp 6.75% 01/11/ USD ,52 First Data Corp 7% 01/12/ USD ,03 Freescale Semiconductor Inc 5% 15/05/ USD ,03 Freescale Semiconductor Inc 6% 15/01/ USD ,03 Frontier Communications Corp 10.5% 15/09/ USD ,04 Frontier Communications Corp 11% 15/09/ USD ,20 Frontier Communications Corp 8.875% 15/09/ USD ,09 FTS International Inc 8.012% 15/06/ USD ,03 Gates Global LLC / Gates Global Co 6% 15/07/ USD ,17 Genesis Energy LP / Genesis Energy Finance Corp 6% 15/05/ USD ,10 Genesis Energy LP / Genesis Energy Finance Corp 6.75% 01/08/ USD ,09 Gibraltar Industries Inc 6.25% 01/02/ USD ,07 Glen Meadow Pass-Through Trust 6.505% 12/02/ USD ,17 Griffon Corp 5.25% 01/03/ USD ,12 Halcon Resources Corp 8.625% 01/02/ USD ,07 HCA Inc 5.875% 01/05/ USD ,01 HD Supply Inc 5.25% 15/12/ USD ,04 HD Supply Inc 7.5% 15/07/ USD ,11 HealthSouth Corp 5.75% 01/11/ USD ,03 HealthSouth Corp 5.75% 01/11/ USD ,03 HealthSouth Corp 5.75% 15/09/ USD ,04 Hexion Inc 10% 15/04/ USD ,02 Hologic Inc 5.25% 15/07/ USD ,07 Huntington Ingalls Industries Inc 5% 15/11/ USD ,05 iheartcommunications Inc % 15/03/ USD ,13 ILFC E-Capital Trust II 4.74% 21/12/ USD ,14 Illinois Power Generating Co 7% 15/04/ USD ,03 Infor US Inc 5.75% 15/08/ USD ,02 Infor US Inc 6.5% 15/05/ USD ,15 International Lease Finance Corp 5.875% 01/04/ USD ,19 International Lease Finance Corp 6.25% 15/05/ USD ,24 Iron Mountain Inc 6% 01/10/ USD ,07 K Hovnanian Enterprises Inc 7% 15/01/ USD ,03 K Hovnanian Enterprises Inc 7.25% 15/10/ USD ,19 K Hovnanian Enterprises Inc 8% 01/11/ USD ,04 K Hovnanian Enterprises Inc 9.125% 15/11/ USD ,05 KB Home 4.75% 15/05/ USD ,05 KB Home 7% 15/12/ USD ,07 Kronos Acquisition Holdings Inc 9% 15/08/ USD ,04 L Brands Inc 6.875% 01/11/ USD ,03 Laredo Petroleum Inc 7.375% 01/05/ USD ,16 Latam Airlines Pass Through Trust A 4.2% 15/11/ USD ,07 Lennar Corp 4.75% 15/11/ USD ,10 Lennar Corp 6.95% 01/06/ USD ,05 Level 3 Financing Inc 5.125% 01/05/ USD ,10 Level 3 Financing Inc 5.375% 01/05/ USD ,06 Level 3 Financing Inc 5.375% 15/01/ USD ,07 LifePoint Health Inc 5.5% 01/12/ USD ,06 LifePoint Health Inc 6.625% 01/10/ USD ,12 Lincoln National Corp 7% 17/05/ USD ,19 MEDNAX Inc 5.25% 01/12/ USD ,09 Men s Wearhouse Inc 7% 01/07/ USD ,06 Meritor Inc 6.25% 15/02/ USD ,05 225