| EnfraGen Energia Sur, 5.375% 30dec2030, USD (USE4181LAA91) |
| EnfraGen Energia Sur, 5.375% 30dec2030, USD (USE4181LAA91) |
| INTERNATIONAL AIRPORT FINANCE, 12% 15mar2033, USD (USE6R69LAA27) |
| MEIF 5 Arena Holdings SA, FRN 1may2030, EUR (XS3038490176) |
| Obrascon Huarte Lain, 6.6% 31mar2026, EUR (XS2356570239) |
| Obrascon Huarte Lain, 6.6% 31mar2026, EUR (XS2356570239) |
| Banco Santander, 5.179% 19nov2025, USD (26) (US05971KAA79) |
| Iberdrola, 1.5% 27mar2030, EUR (Conv.) (XS3034368806) |
| Banco Bilbao (BBVA), 6.125% perp., USD (US05946KAF84) |
| Banco Bilbao (BBVA), 7.75% perp., USD (US05946KAS06) |
| Abengoa, 1.5% 26oct2024, EUR (Conv.) (XS1978209002) |
| Banco Santander, 4.75% perp., USD (US05971KAH23) |
| Banco Santander, 4.75% perp., USD (US05971KAH23) |
| ID Finance, 9.5% 25sep2025, EUR (XS2231806394) |
| ID Finance, 9.5% 25sep2025, EUR (XS2231806394) |
| Banco Santander, 2.749% 3dec2030, USD (100) (US05971KAG40) |
| Banco Santander, 2.749% 3dec2030, USD (100) (US05971KAG40) |
| Banco Santander, 7.5% perp., USD (XS1951093894) |
| Banco Santander, 4.75% perp., EUR (XS1793250041) |
| Anarafe, FRN 31dec2026, EUR (XS2425326274) |
| Anarafe, FRN 31dec2026, EUR (XS2425326274) |
| Abengoa, 1.5% 26apr2024, EUR (Conv.) (XS1978210273) |
| MEIF 5 Arena Holdings SA, FRN 1feb2027, EUR (XS2111944992) |
| Lorca Telecom Bondco, 4% 18sep2027, EUR (XS2240463674) |
| MEIF 5 Arena Holdings SA, FRN 1feb2027, EUR (XS2111944992) |
| Lorca Telecom Bondco, 4% 18sep2027, EUR (XS2240463674) |
| Banco Bilbao (BBVA), 6.5% perp., USD (US05946KAG67) |
| MEIF 5 Arena Holdings SA, 1.875% 1feb2028, EUR (XS2111944133) |
| Banco Santander, 3.2% 7jun2028, RON (113) (XS2348242368) |
| Banco Santander, 3.625% perp., EUR (XS2388378981) |
| MEIF 5 Arena Holdings SA, 1.875% 1feb2028, EUR (XS2111944133) |
| Banco Santander, 3.2% 7jun2028, RON (113) (XS2348242368) |
| Banco Santander, 3.625% perp., EUR (XS2388378981) |
| Banco Santander, 3.5% 17feb2035, EUR (246) (XS3002233628) |
| Tecnicas Reunidas, 5.4% 24apr2028, EUR (ES0378165015) |
| Banco Bilbao (BBVA), 6% perp., EUR (ES0813211028) |
| Banco Bilbao (BBVA), 6% perp., EUR (ES0813211028) |
| Banco Bilbao (BBVA), 7% 1dec2025, USD (US055291AC24) |
| AI CANDELARIA, 7.5% 15dec2028, USD (USE0R75QAA61) |
| Banco Santander, 4.175% 24mar2028, USD (141) (US05964HAQ83) |
| Banco Santander, 4.175% 24mar2028, USD (141) (US05964HAQ83) |
| Grifols, 3.875% 15oct2028, EUR (XS2393001891) |
| Grifols, 3.875% 15oct2028, EUR (XS2393001891) |
| Iberdrola, 1.782% 30oct2030, EUR (118) (XS1610777556) |
| International Airlines Group, 3.75% 25mar2029, EUR (B) (XS2322423539) |
| International Airlines Group, 3.75% 25mar2029, EUR (B) (XS2322423539) |
| Caixabank, 3.75% 15feb2029, EUR (XS1951220596) |
| Unicaja Banco, 4.875% perp., EUR (ES0880907003) |
| Unicaja Banco, 4.875% perp., EUR (ES0880907003) |
| Repsol, 4.5% 25mar2075, EUR (XS1207058733) |
| Iberdrola, 1.45% perp., EUR (XS2295335413) |
| Iberdrola, 1.45% perp., EUR (XS2295335413) |
| Telefonica SA, 7.045% 20jun2036, USD (US87938WAC73) |
| TdA, 4.25% 10apr2031, EUR (A6) (ES0371622020) |
| DIA Corporate, 0.875% 30jun2026, EUR (3) (XS1589970968) |
| Kaixo Bondco Telecom, 5.125% 30sep2029, EUR (XS2397198487) |
| Kaixo Bondco Telecom, 5.125% 30sep2029, EUR (XS2397198487) |
| Telefonica SA, 5.375% 2feb2026, GBP (4) (XS0241945582) |
| NorteGas Energia Distribucion, 2.065% 28sep2027, EUR (XS1691349952) |
| Food Delivery Brands, 6.25% 15may2026, EUR (XS1990733898) |
| Abertis Infraestructuras, 3.248% perp., EUR (XS2256949749) |
| Audax Renovables, 4.2% 18dec2027, EUR (ES0236463008) |
| Abertis Infraestructuras, 2.625% perp., EUR (XS2282606578) |
| Grupo Antolin, 3.5% 30apr2028, EUR (XS2355632584) |
| Grifols, 4.75% 15oct2028, USD (USE57009AA55) |
| Abertis Infraestructuras, 3.248% perp., EUR (XS2256949749) |
| Audax Renovables, 4.2% 18dec2027, EUR (ES0236463008) |
| Abertis Infraestructuras, 2.625% perp., EUR (XS2282606578) |
| Grupo Antolin, 3.5% 30apr2028, EUR (XS2355632584) |
| Grifols, 4.75% 15oct2028, USD (USE57009AA55) |
| Grifols, 3.2% 1may2025, EUR (XS1598757760) |
| Banco de Sabadell, 5.75% perp., EUR (XS2310945048) |
| Banco Santander, 1.722% 14sep2027, USD (114) (US05964HAN52) |
| Banco de Sabadell, 5.75% perp., EUR (XS2310945048) |
| Banco Santander, 1.722% 14sep2027, USD (114) (US05964HAN52) |
| Banco Santander, 6.97% 9dec2031, RON (239) (XS2953734071) |
| Abengoa, 0% 31mar2027, EUR (XS0498817542) |
| Banco Bilbao (BBVA), 0.75% 11sep2022, EUR (XS1678372472) |
| Arena Luxembourg Investments, 2.875% 1nov2024, EUR (XS1577948174) |
| FC Barcelona, 2.44% 23may2024, EUR (XS2001195416) |
| Banco Santander, 4.375% perp., EUR (XS2102912966) |
| Banco Bilbao (BBVA), 1% 16jan2030, EUR (164) (XS2104051433) |
| ABANCA Corporacion Bancaria, 6% perp., EUR (ES0865936019) |
| Banco Santander, 0.2% 11feb2028, EUR (101) (XS2298304499) |
| International Airlines Group, 2.75% 25mar2025, EUR (XS2322423455) |
| Banco Santander, 2.958% 25mar2031, USD (107) (US05964HAM79) |
| International Airlines Group, 1.125% 18may2028, EUR (Conv.) (XS2343113101) |
| Banco Santander, 4.375% perp., EUR (XS2102912966) |
| Banco Bilbao (BBVA), 1% 16jan2030, EUR (164) (XS2104051433) |
| ABANCA Corporacion Bancaria, 6% perp., EUR (ES0865936019) |
| Banco Santander, 0.2% 11feb2028, EUR (101) (XS2298304499) |
| International Airlines Group, 2.75% 25mar2025, EUR (XS2322423455) |
| Banco Santander, 2.958% 25mar2031, USD (107) (US05964HAM79) |
| International Airlines Group, 1.125% 18may2028, EUR (Conv.) (XS2343113101) |
| Neinor Homes, 5.875% 15feb2030, EUR (XS2933536034) |
| Banca March, 3.373% 28nov2028, EUR (ES0313040083) |
| Banco Bilbao (BBVA), 4% 25feb2037, EUR (191) (XS3009012470) |
| FADE FTA, 6.25% 17mar2025, EUR (9, ABS) (ES0378641080) |
| Codere, 12.75% 30nov2027, EUR (XS1513765922) |
| Banco Santander, 4.379% 12apr2028, USD (38) (US05964HAJ41) |