MATERIAL SONORO EN EL MENSAJE DE HERRERA MOYA
CAPÍTULO 3.- ENFOQUE ESTÉTICO Y EFECTOS COMUNICATIVOS DEL MATERIAL SONORO EN EL MENSAJE DE HERRERA MOYA
Bonds
774,734,927.75 90.88%
United States of America
147,713,299.81 17.34%
AGCO CORP SUB 6.875 04-14 15/04S
129,315 EUR 127,414.07 0.01% ALABAMA POWER 6.00 09-39 01/03S
233,292 USD 172,186.39 0.02% ALLIED WASTE NORTH 6.50 03-10 15/11S
1,262,000 USD 918,790.54 0.11% ALLSTATE LIFE GBL FD 5.375 08-13 30/04S
136,561 USD 101,385.07 0.01% AMER.HONDA FIN EMTN 5.125 07-12 03/10A
102,309 EUR 108,659.32 0.01% AMERICAN AXLE MFG 7.875 07-17 01/03S
188,666 USD 111,115.36 0.01% AMERICAN EXPRESS EMTN 7.30 08-13 20/08S
120,629 USD 94,612.41 0.01% AMERICAN INTL GR G27 5.60 06-16 18/10S
203,964 USD 116,571.16 0.01% AMERICAN INTL GROUP 5.05 06-15 01/10S
163,171 USD 94,962.74 0.01% AMKOR TECHNOLOGY 7.125 04-11 15/03S 280,450 USD 200,356.34 0.02% AMKOR TECHNOLOGY 7.75 03-13 15/05S 50,991 USD 36,117.51 0.00% AMKOR TECHNOLOGY 9.25 06-16 01/06S 91,783 USD 67,969.64 0.01% APRIA HEALTH 144A A1 11.25 09-14 01/11S
320,223 USD 244,951.91 0.03% AT T CORP STP-UP FL.R 02-11 15/11S 398,303 USD 306,165.38 0.04% AT T WIRELESS 8.125 02-12 01/05S 165,011 USD 130,171.84 0.02% ATLAS ENERGY 10.75 09-18 01/02S 181,018 USD 139,414.45 0.02% AT&T INC 4.375 07-13 15/03A
94,635 EUR 98,955.09 0.01% BALDOR ELECTRIC CO 8.625 07-17 15/02S
152,973 USD 109,018.92 0.01% BANK OF AMERICA EMTN 7.00 09-16 15/06A
102,309 EUR 114,932.90 0.01% BANK OF AMERICA NA 5.3 07-17 15/03S 466,584 USD 321,500.20 0.04% BANK OF AMERICA -216- 6.00 06-36 15/10S 113,800 USD 77,375.15 0.01% BAXTER INTL 5.375 08-18 01/06S 125,181 USD 93,226.67 0.01% BE AEROSPACE SR 8.50 08-18 01/07S 257,198 USD 190,019.08 0.02% BLOCK FINL 5.125 04-14 30/10S 5,690 USD 4,073.68 0.00% BMW US CAPITAL LLC 5.00 08-15 28/05A 179,041 EUR 189,362.71 0.02% BNY MELLON G T.35 4.30 09-14 15/05S 182,081 USD 132,340.98 0.02% BRISTOL MYERS SQUIBB 5.45 08-18 01/05S
122,905 USD 91,432.68 0.01% BRISTOW GROUP 7.50 07-17 15/09S
203,964 USD 140,738.36 0.02% BURLINGTON COAT 11.125 06-14 15/04S
129,211 USD 92,985.10 0.01% CALFRAC HOLDINGS 144A 7.75 07-15 15/02S
229,459 USD 155,131.71 0.02% CALPINE -144A 8.00 09-16 01/06S
216,711 USD 155,575.77 0.02% CARGILL INC 6.25 08-15 24/07A
93,357 EUR 103,945.56 0.01% CARRIAGE SERVICES 7.875 05-15 15/01S
122,378 USD 80,817.68 0.01% CATERPILLAR FIN SERV 5.45 08-18 15/04S
113,800 USD 83,123.15 0.01% CCO HOLDINGS 8.75 04-13 15/11S
181,018 USD 129,478.81 0.02% CEDC FINANCE REG S 8.875 09-16 01/12S
119,711 EUR 120,607.64 0.01% CENTENE NOTES 7.25 07-14 01/04S 257,504 USD 177,681.80 0.02% CENT.EUROPE.DIST REGS 8.00 05-12 25/07S 130,531 EUR 135,099.58 0.02% CENTURY ALUMINIUM CO 8.00 09-14 15/05S 239,994 USD 163,090.54 0.02% CEQUEL COM HLDG 144A 8.625 09-17 15/11S
152,973 USD 107,686.17 0.01% CHARTER COMM -144A- 8.00 04-12 30/04S
101,982 USD 73,034.68 0.01% CHESAPEAKE ENE. 6.375 05-15 15/06S 203,964 USD 139,316.76 0.02% CHESAPEAKE ENEERGY 6.25 06-17 15/01S 249,136 EUR 226,713.76 0.03% CHESAPEAKE ENERGY 6.625 05-16 15/01S 173,369 USD 119,627.33 0.01% CHEVRON 4.95 09-19 03/03S 125,181 USD 91,897.99 0.01% CHS/COMMUNITY HLTH S. 8.875 07-15 15/07S 150,933 USD 108,880.06 0.01% CHUBB CORP 5.75 08-18 15/05S 187,771 USD 138,965.68 0.02% CINCINNATI BELL SUB 8.375 03-14 15/01S
142,774 USD 101,252.86 0.01% CISCO SYSTEMS INC 5.50 06-16 22/02S
136,561 USD 103,737.07 0.01% CITIGROUP 7.375 09-19 04/09A
180,780 EUR 197,193.02 0.02% CITIGROUP EMTN 3.95 06-13 10/10A
217,406 EUR 213,297.03 0.03% CITIGROUP INC 5.50 08-13 11/04S
569,004 USD 409,237.69 0.05% CITIZENS COMMUNIC. 9.00 01-31 15/08S
290,648 USD 199,032.36 0.02% CL CAPITAL TRUST I 7.047 02-XX 26/04A
99,751 EUR 92,729.52 0.01% CLEARWIRE CORP-144A- 12.00 09-15 01/12S 224,360 USD 158,721.30 0.02% CMS ENERGY 6.55 07-17 17/07S 155,522 USD 107,048.14 0.01% COCA-COLA 5.35 07-17 15/11S 91,040 USD 68,776.74 0.01% COMCAST CORP 4.95 05-16 15/06S 409,683 USD 291,192.68 0.03% COMCAST CORP 6.45 06-37 15/03S 102,420 USD 73,352.06 0.01% COMPUTER SCIENCES 5.50 09-13 15/03S 125,181 USD 92,380.64 0.01%
Quantity
Denomination
Quotationcurrency
Market value
% of netassets
CONOCO INC 6.95 99-29 15/04S
227,601 USD 177,897.05 0.02% COUCHE-TARD USLP SUB 7.50 03-13 15/12S
115,239 USD 81,725.51 0.01% CREDIT SUISSE NY 5.00 08-13 15/05S
273,122 USD 202,535.98 0.02% CROWN AMERICAS 7.625 05-13 15/11S
89,234 USD 64,216.13 0.01% CROWN CASTLE INTL 7.125 09-19 01/11S
91,783 USD 63,331.70 0.01% CSC HOLDINGS 144A 8.50 09-14 15/04S 186,117 USD 138,152.71 0.02% CVS CAREMARK 5.75 07-17 01/06S 125,181 USD 91,855.19 0.01% DELL 5.875 09-19 15/06S 125,181 USD 92,055.70 0.01% DELTA AIRLINES 144A 9.50 09-14 15/09S
318,693 USD 230,731.74 0.03% DINEGY-ROSE.DANSKAM-A-7.27 01-10 08/11S 65,040 USD 45,388.61 0.01% DOMINION RESOURCES -B-6.25 02-12 30/06S 102,420 USD 77,206.75 0.01% DOW CHEMICAL 7.60 09-14 15/05S 219,635 USD 173,069.66 0.02% DR HORTON 6.50 06-16 15/04S 81,585 USD 55,441.98 0.01% EL PASO PERFORM 7.75 06-11 15/07S 168,270 USD 120,232.69 0.01% ELI LILLY AND CO 5.55 07-37 15/03S
136,561 USD 94,677.12 0.01% EMERSON ELECTRIC 4.875 09-19 15/10S
130,871 USD 93,226.35 0.01% ENERGY FUTURE 10.875 07-17 01/11S
144,304 USD 82,222.36 0.01% ENERGY FUTURE PIK 11.25 08-17 01/11S
75,670 USD 37,314.18 0.00% EXELON GENERATION 6.20 07-17 01/10S
125,181 USD 93,656.90 0.01% EXOPACK HOLDING CORP 11.25 06-14 01/02S
229,459 USD 162,528.46 0.02% FIAT FIN.N.US EMTN 5.625 07-17 12/06A
280,701 EUR 257,905.27 0.03% FIRST DATA CORP 9.875 08-15 24/09S
132,576 USD 86,166.31 0.01% FORD MOTOR CREDIT 7.50 09-12 01/08S
203,964 USD 143,362.34 0.02% FORD MOTOR CREDIT 8.70 09-14 01/10S
214,162 USD 156,058.31 0.02% FRONTIER COMMUNICATION8.125 09-18 01/10S 81,585 USD 57,574.36 0.01% GENERAL ELECTRIC 5.00 03-13 01/02S 45,520 USD 33,592.46 0.00% GENERAL ELECTRIC 5.25 07-17 06/12S 227,601 USD 161,802.77 0.02% GENERAL ELECTRIC 810 4.80 08-13 01/05S 569,004 USD 415,956.12 0.05% GEORGIA-PACIFIC 8.875 01-31 15/05S 214,162 USD 158,223.89 0.02% GEORGIA-PACIFIC 144A 7.00 06-15 15/01S 101,982 USD 71,968.49 0.01% GLAXOSMITHKLINE 5.65 08-18 15/05S 125,181 USD 94,103.95 0.01% GMAC 144A 5.75 08-10 27/09A
121,664 USD 83,950.07 0.01% GMAC 144A 6.00 08-12 23/05A
24,299 USD 16,258.62 0.00% GOLDMAN SACHS GROUP 4.75 03-13 15/07S
671,425 USD 488,212.35 0.06% GOLDMAN SACHS GROUP 4.75 04-14 28/01A
127,451 EUR 130,689.54 0.02% GOLDMAN SACHS GROUP 5.125 07-14 16/10A
324,754 EUR 340,481.82 0.04% GOLDMAN SACHS GROUP 5.125 09-19 23/10A
124,049 EUR 125,631.86 0.01% GOODYEAR TIRE 8.625 07-11 01/12S 117,279 USD 84,807.08 0.01% GTE CORP 6.84 98-18 15/04S 256,052 USD 193,058.45 0.02% HANESBRANDS 8.00 09-16 15/12S 163,171 USD 115,860.22 0.01% HARRAHS OPERAT.144A 11.25 09-17 01/06S 117,279 USD 85,522.33 0.01% HARRAHS OPERRATING 10.75 09-16 01/02S 76,486 USD 43,447.36 0.01% HCA INC 9.25 07-16 15/11S 101,982 USD 76,322.13 0.01% HCA THE HEALTHCARE 8.75 00-10 01/09S
1,878,000 USD 1,340,026.13 0.16% HESS 7.875 99-29 01/10S 143,389 USD 119,645.36 0.01% HEWLETT-PACKARD 4.50 08-13 01/03S 45,520 USD 33,655.03 0.00% HEXION US FIN.-WI 9.75 07-14 15/11S 152,973 USD 104,487.57 0.01% HOME DEPOT 5.40 06-16 01/03S 130,871 USD 96,129.57 0.01% HOMER CITY FUNDING 8.137 01-19 01/10S
307,465 USD 210,012.68 0.02% HONEYWELL INTL 5.00 09-19 15/02S 119,491 USD 86,417.55 0.01% HSBC FINANCE CORP 5.50 06-16 19/01S 79,660 USD 57,416.62 0.01% HSBC FINANCE CORP 6.375 02-12 27/11S 170,701 USD 128,724.91 0.02% HUB INTL HLDGS -144A- 10.25 07-15 15/06S
152,973 USD 98,090.37 0.01% HUNTSMAN LLC-REGS 6.875 06-13 15/11A
211,296 EUR 198,618.25 0.02% IBM 4.75 02-12 29/11S 170,701 USD 127,628.20 0.01% IBRD 13.625 07-17 09/05A 175,465 TRY 89,549.34 0.01% INTL PAPER CO 7.50 09-21 15/08S 99,006 USD 76,702.35 0.01% INVISTA -144A- 9.25 04-12 01/05S 229,459 USD 162,328.55 0.02% IRON MOUNTAIN-EMTN-SUB6.75 06-18 15/10S 111,730 EUR 103,908.90 0.01% ISPAT INLAND 9.75 04-14 01/04S 132,576 USD 97,023.72 0.01% JOHN DEERE CAP CORP 4.50 08-13 03/04S
45,520 USD 33,505.68 0.00% JOHNSON JOHNSON 5.55 07-17 15/08S 136,561 USD 104,839.66 0.01% JP MORGAN CHASE 4.75 08-13 01/05S 273,122 USD 200,902.41 0.02% JPM CHASE 5.25 08-13 08/05A 358,082 EUR 384,261.37 0.05% JPM CHASE 6.00 07-18 15/01S 284,502 USD 214,115.45 0.03% JPM CHASE AA SUB 7.00 09-39 01/11S 242,396 USD 170,245.93 0.02%
Securities portfolio at 31/12/09
FORTIS L FUND Bond Europe Plus
Expressed in EUR
JPMORGAN CHASE AND CO 6.125 09-14 01/04A
60,106 EUR 67,270.63 0.01% KB HOME 9.10 09-17 15/09S
119,828 USD 87,694.31 0.01% KEY ENERGY SERV 8.375 08-14 01/12S
219,771 USD 153,560.15 0.02% KIMBERLY-CLARK 7.50 08-18 01/11S
108,110 USD 91,414.62 0.01% KRAFT FOODS INC 5.75 08-12 20/03A
70,337 EUR 74,148.57 0.01% KRAFT FOODS INC 6.25 02-12 01/06S
176,391 USD 132,667.68 0.02% KROGER CO 5.50 03-13 01/02S
85,350 USD 63,579.20 0.01% KROGER CO 6.15 08-20 15/01S
227,601 USD 169,763.56 0.02% LAMAR MEDIA CORP 6.625 05-15 15/08S
101,982 USD 68,947.58 0.01% LAMAR MEDIA CORP 9.75 09-14 01/04S
66,288 USD 50,995.21 0.01% LAMAR MEDIA CORP -C- 6.625 07-15 15/08S
50,991 USD 34,118.38 0.00% LAMAR MEDIA 144A 6.625 06-15 15/08S
86,684 USD 58,000.79 0.01% LEHMAN BROTH.(DEFAULT)5.75 06-11 25/04S 426,753 USD 58,000.92 0.01% LEVI STRAUSS 09.75 04-15 15/01S 131,046 USD 95,904.03 0.01% LIN TELEVISION 6.50 03-13 15/05S 101,982 USD 68,592.18 0.01% MARKWEST ENERGY -B- 8.50 07-16 15/07S 198,864 USD 141,030.92 0.02% MASTEC 7.625 07-17 01/02S 191,216 USD 128,110.38 0.02% MBNA AM BK NATL -144A-7.125 02-12 15/11S
284,502 USD 217,828.09 0.03% MCDONALD'S CORP MTN 5.30 07-17 15/03S
170,701 USD 127,859.69 0.01% MEDIACOM 8.50 05-15 15/10S
142,774 USD 100,506.53 0.01% MERCK AND CO INC 5.00 09-19 30/06S
59,176 USD 42,915.08 0.01% MERCK CO INC 5.375 07-14 01/10A
97,193 EUR 106,144.47 0.01% MERRILL LYNCH 6.11 07-37 29/01S
198,864 USD 128,644.20 0.02% MERRILL LYNCH EMTN 4.625 03-13 02/10A
328,668 EUR 332,943.97 0.04% MERRILL LYNCH EMTN 6.75 08-13 21/05A
127,886 EUR 138,064.45 0.02% METLIFE INC 5.00 05-20 29/06S
136,561 USD 99,845.39 0.01% MICHAELS STORES SUB 11.375 07-16 01/11S
173,369 USD 127,179.56 0.01% MICROSOFT CORP 4.20 09-19 01/06S 55,762 USD 38,441.36 0.00% MIDAMERICAN ENERGY CO 5.30 08-18 15/03S 455,203 USD 324,832.07 0.04% MIDAMERICAN ENERGY CO 5.875 02-12 01/10S 227,601 USD 173,028.29 0.02% MORGAN STANLEY 1.99 07-14 06/06S 1,000,000,000 JPY 7,572,958.28 0.90% MORGAN STANLEY 4.00 05-15 17/11A
79,443 EUR 77,107.38 0.01% MORGAN STANLEY 4.50 09-10 29/10A
58,827 EUR 59,290.55 0.01% MORGAN STANLEY EMTN 3.75 06-13 01/03A
102,053 EUR 101,807.05 0.01% MORGAN STANLEY -G- 6.50 08-11 15/04A
239,147 EUR 250,171.68 0.03% MORGAN STANLEY SUB GL 4.75 04-14 01/04S
564,452 USD 395,777.35 0.05% NALCO COMPANY 9.00 03-13 15/11S
196,573 EUR 200,504.46 0.02% NEENAH PAPER 7.375 05-14 15/11S
335,520 USD 213,390.48 0.03% NEW YORK LIFE -144A- 4.65 08-13 09/05S
136,561 USD 100,339.02 0.01% NEWMARKET CORP 7.125 06-16 15/12S 178,468 USD 121,279.87 0.01% NEWMONT MINING 5.125 09-19 01/10S 136,561 USD 95,265.52 0.01% NEWS AMERICA 6.20 04-34 15/12S 68,280 USD 47,663.96 0.01% NEXTEL COM -D- 7.375 05-15 01/08S 372,234 USD 252,307.07 0.03% NISOURCE FINANCE 6.15 03-13 01/03S 159,321 USD 117,771.82 0.01% NORFOLK SOUTHERN 5.257 04-14 17/09S 170,701 USD 127,223.62 0.01% NOVARTIS CAPITAL CORP 4.125 09-14 10/02S
227,601 USD 166,287.41 0.02% NRG ENERGY INC 7.25 06-14 01/02S 56,600 USD 39,942.49 0.00% NRG ENERGY INC 7.375 06-16 01/02S 207,023 USD 144,472.40 0.02% NSG HOLDINGS -144A- 7.75 07-25 15/12S 152,973 USD 95,424.87 0.01% NUCOR CORP 5.75 07-17 01/12S 125,181 USD 93,589.41 0.01% NY LIFE GLOBAL FDG 4.375 07-17 19/01A
7,673 EUR 7,430.30 0.00% ORACLE CORP 5.75 08-18 15/04S 45,520 USD 34,120.33 0.00% OWENS ILLINOIS 7.80 98-10 15/05S 267,702 USD 187,983.80 0.02% PACIFIC GAS&ELEC 5.625 07-17 30/11S 102,420 USD 76,719.20 0.01% PANTRY INC -SUB 7.75 04-14 15/02S
280,450 USD 187,650.81 0.02% PEMEX PROJ 5.75 07-18 01/03S 56,897 USD 39,953.41 0.00% PEPSIAMERICAS 5.625 06-11 31/05S 119,491 USD 87,926.97 0.01% PETROHAWK ENERGY 10.50 09-14 01/08S 35,693 USD 27,178.67 0.00% PETROHAWK ENERGY WI 9.125 06-13 15/07A
127,477 USD 92,847.85 0.01% PFIZER INC REG-S 4.75 09-16 03/06A
337,620 EUR 359,217.59 0.04% P.H. GLATFELTER 7.125 06-16 01/05S 163,171 USD 113,017.04 0.01% PHI SERIE WI 7.125 06-13 15/04S 214,162 USD 144,230.03 0.02% PHILIP MORRIS 5.65 08-18 16/05S 116,077 USD 85,185.49 0.01% PHILIP MORRIS IN 4.25 09-12 23/03A
76,731 EUR 79,500.98 0.01% PHILIP MORRIS INT 5.75 09-16 24/03A
85,683 EUR 94,745.69 0.01% PLAINS ALL.AMER LP 6.50 08-18 01/05S
229,878 USD 173,675.51 0.02%
Quantity
Denomination
Quotationcurrency
Market value
% of netassets
POKAGON GAMING -144A- 10.37506-14 15/06S
198,864 USD 144,149.54 0.02% PRINCIPAL LIFE 5.125 06-11 01/03S
136,561 USD 98,206.91 0.01% PROCTER GAMBLE 4.70 09-19 15/02S
71,694 USD 51,303.18 0.01% PROCTER GAMBLE 4.875 07-27 11/05A
95,505 EUR 95,126.80 0.01% PROCTER GAMBLE 4.95 04-14 15/08S
113,800 USD 85,975.33 0.01% PROCTER GAMBLE 5.125 07-17 24/10A
191,829 EUR 208,765.57 0.02% PROGRESS ENERGY INC 6.85 02-12 15/04S
432,443 USD 327,964.05 0.04% PRUDENTIAL FIN 5.10 04-14 20/09S
113,800 USD 82,542.16 0.01% QUIKSILVER 6.875 05-15 15/04S
218,241 USD 124,730.87 0.01% QWEST COMMS INTL 7.25 05-11 15/02S
152,973 USD 107,153.07 0.01% QWEST COMMU.INTL.-B- 7.50 05-14 15/02S
117,279 USD 82,048.30 0.01% QWEST CORP DEBS 7.125 93-43 15/110
101,982 USD 58,285.58 0.01% RANGE RESOURCES 7.50 07-14 01/10S
50,991 USD 36,606.18 0.00% RANGE RESOURCES SUB. 7.50 06-16 15/05S
101,982 USD 73,034.68 0.01% RANGE RESSOURCES SUB. 6.375 05-15 12/03S
122,378 USD 84,655.97 0.01% REICHHOLD -144A- 9.00 06-14 15/08S
134,106 USD 78,514.76 0.01% REYNOLDS GRP ESC 144A 7.75 09-16 15/10S
152,973 USD 109,018.92 0.01% REYNOLDS REGS 7.75 09-16 04/11S
64,671 EUR 65,317.71 0.01% ROCHE HLDG INC -2- 5.625 09-16 04/03A
463,127 EUR 516,400.46 0.06% ROCKWOOD SPECIAL SUB 7.625 04-14 15/11S
64,313 EUR 63,991.44 0.01% RRI ENERGY 6.75 08-14 15/12S
161,539 USD 114,842.16 0.01% SANMINA SCI CORP 8.125 06-16 01/03S
178,468 USD 124,078.63 0.01% SCHERING PLOUGH 6.00 07-17 15/09S
91,040 USD 71,159.00 0.01% SELECT MEDICAL SUB 7.625 05-15 01/02S
308,495 USD 208,566.06 0.02% SIERRA PAC 8.625 04-14 15/03S
288,099 USD 208,079.87 0.02% SIMON PROPERTY 6.125 08-18 30/05S
130,871 USD 91,108.71 0.01% SINCLAIR BROADCT SUB 8.00 02-12 15/03S
147,873 USD 100,746.37 0.01% SMITHFIELD FOODS-144A10.00 09-14 15/07S
152,973 USD 115,682.66 0.01% SOLAR CAPITAL (SUNG) 9.125 06-13 15/08S
163,171 USD 116,571.02 0.01% SONAT INC 7 98-18 01/02S
305,946 USD 208,198.09 0.02% SOUTHERN STAR CENTRAL 6.75 06-16 01/03S
20,396 USD 13,718.16 0.00% SOUTHWEST ENERGY 7.50 08-18 01/02S
122,378 USD 90,413.44 0.01% SPRINT CAP CORP 8.75 02-32 15/03S
178,468 USD 117,237.22 0.01% STEEL DYNAMICS 7.375 08-12 01/11S
130,027 USD 93,345.74 0.01% SWISS RE TRE.US EMTN 7.00 09-14 19/05A
71,616 EUR 80,482.77 0.01% TENNESSEE GAS PIPEL 6.00 81-11 15/12S
101,982 USD 71,000.73 0.01% TIME WARNER 5.875 06-16 15/11S
102,420 USD 77,163.17 0.01% TIME WARNER 6.50 06-36 15/11S
204,841 USD 149,530.66 0.02% TIME WARNER CABLE 8.25 09-19 01/04S
113,800 USD 94,371.32 0.01% TOYOTA MOTOR CREDIT 5.25 09-12 03/02A
246,820 EUR 260,785.07 0.03% TOYS R US INC 7.875 03-13 15/04S
68,837 USD 48,218.28 0.01% TRANSDIGM SUB 7.75 06-14 15/07S
161,131 USD 113,709.80 0.01% TRAVELERS COS INC 5.90 09-19 02/06S
115,394 USD 86,485.03 0.01% TRAVELPORT LLC 10.875 07-16 01/09S 31,977 EUR 29,418.84 0.00% TRAVELPORT SR 9.875 07-14 01/09S 101,982 USD 73,390.07 0.01% TRICO SHIPPING AS 11.875 09-14 01/11S 221,301 USD 160,606.15 0.02% TRINITY INDUSTRIES 6.50 04-14 15/03S 178,060 USD 124,880.91 0.01% TRW AUTOMOTIVE 144A 8.875 09-17 01/12S 152,973 USD 110,884.77 0.01% TURNING STONE 144A 9.125 06-14 15/09S
89,234 USD 60,795.43 0.01% UBS AG STAMFORD -108- 5.875 07-17 20/12S
341,402 USD 240,706.24 0.03% UNILEVER CAP CORP 4.80 09-19 15/02S
170,701 USD 121,957.36 0.01% UNION PACIFIC CORP 5.70 08-18 15/08S
170,701 USD 125,665.88 0.01% UNITED PARCEL SVC 5.125 09-19 01/04S
136,561 USD 100,431.58 0.01% UNITED STATES INDEXEE 1.875 05-15 15/07S
7,100,000 USD 5,788,978.88 0.68% UNITED TECH CORP 4.875 05-15 01/05S
91,040 USD 67,690.25 0.01% UNITEDHEALTH GROUP 6.00 08-18 15/02S 113,800 USD 82,714.37 0.01% US BANCORP 4.20 09-14 15/05S 159,321 USD 115,119.73 0.01% US ONCOLOGY INC 9.125 09-17 15/08S 52,928 USD 38,734.56 0.00% US TREASURY NOTE 1.875 09-12 15/06S 20,000,000 USD 14,093,325.95 1.66% US TREASURY NOTES 1.125 09-11 30/06S 3,000,000 USD 2,099,696.79 0.25% US TREASURY NOTES 3.375 09-19 15/11S 1,052,791 USD 706,034.05 0.08% USA NTS INDEX 3.00 02-12 15/07S 6,700,000 USD 6,029,075.38 0.71% USA TREAS.BONDS(INDEX)3.375 01-32 15/04S 2,900,000 USD 3,028,847.16 0.36% USA TREASURY BONDS 6.25 93-23 15/08S
8,500,000 USD 7,078,742.01 0.84% USA TREASURY INF.INDX 2.625 07-17 15/07S
6,700,000 USD 5,352,141.25 0.63% USA TREASURY NOTES 2.25 09-14 31/05S
55,000,000 USD 38,079,665.06 4.48%
The accompanying notes form an integral part of these financial statements
Securities portfolio at 31/12/09
FORTIS L FUND Bond Europe Plus
Expressed in EUR
USA TREASURY NOTES 2.625 09-16 30/04S
28,000,000 USD 18,916,856.39 2.23% USA TREASURY NTS INDX 0.875 04-10 15/04S
3,600,000 USD 2,870,995.32 0.34% USB CAP XIII TRUST 6.625 09-39 15/12S
125,181 USD 86,765.87 0.01% VERIZON COMM 5.55 06-16 15/02S
227,601 USD 170,153.29 0.02% VERIZON WIRELESS 8.50 08-18 15/11S
120,629 USD 103,980.45 0.01% VIRGINIA ELECT POW 5.40 08-18 30/04S
235,568 USD 171,540.41 0.02% VOLKSWAGEN CREDIT INC 5.125 08-11 19/05A
11,509 EUR 11,948.53 0.00% WACHOVIA CORP 4.375 06-16 01/08A
44,760 EUR 44,609.16 0.01% WALGREEN 4.875 08-13 01/08S
133,147 USD 99,843.12 0.01% WAL-MART STORES 5.80 07-18 15/02S
455,203 USD 352,067.64 0.04% WALT DISNEY COMPANY 5.625 06-16 15/09S
125,181 USD 94,486.46 0.01% WELLPOINT INC 5.25 06-16 15/01S
102,420 USD 72,706.15 0.01% WELLS FARGO & CO 5.375 05-35 07/02S
113,800 USD 75,009.73 0.01% WELLS FARGO CO 4.125 06-16 03/11A
130,444 EUR 128,951.72 0.02% WENDY'Y/ARBY'S 10.00 10-16 15/07S 198,864 USD 151,079.81 0.02% WEST CORP 9.50 07-14 15/10S 214,162 USD 151,506.84 0.02% WESTERN OIL 8.375 02-12 01/05S 81,936 USD 63,980.52 0.01% WESTINGHOUSE AIR 6.875 03-13 31/07S 263,623 USD 185,578.83 0.02% WHITING PETROLEUM SUB 7.25 04-12 01/05S
114,729 USD 80,364.28 0.01% WINDSTREAM CORP 8.625 06-16 01/08S 181,018 USD 128,374.85 0.02% WYETH 5.50 03-14 01/02S 91,040 USD 69,273.28 0.01% XEROX CORPORATION 6.875 04-11 15/08S 45,520 USD 34,000.87 0.00% XTO ENERGY 6.75 07-37 01/08S 113,800 USD 92,830.78 0.01% ZURICH FINANCE USA 4.50 04-14 17/09A
99,751 EUR 103,692.17 0.01% 3M CO -E- TR.5 4.375 08-13 15/08S 108,110 USD 80,102.38 0.01% ALLEMAGNE 3.50 09-19 04/07A 64,330,000 EUR 65,124,471.00 7.65%
Germany
130,878,405.85 15.36%
BAYER AG 6.00 02-12 10/04A 129,088 EUR 139,216.25 0.02% BERTELSMANN AG 4.75 06-16 26/09A 6,394 EUR 6,320.08 0.00% BERTELSMANN EMTN 7.875 09-14 16/01A102,309 EUR 116,429.69 0.01% BRD 1.25 09-11 16/11A
20,559,280 EUR 20,522,684.28 2.41% BRD GOVT 3.50 05-16 04/01A
2,084,000 EUR 2,167,360.00 0.25% COGNIS DEUSTCH. REGS 9.50 04-14 15/05S
215,479 EUR 220,865.98 0.03% COMMERZBANK AG 4.75 09-15 26/01A 69,058 EUR 72,778.14 0.01% COMMERZBANK AG 5.00 09-14 06/02A 115,097 EUR 122,208.84 0.01% COMMERZBANK S.271 6.50 00-10 12/07A 103,690 EUR 105,810.78 0.01% DAIMLER AG EMTN 4.625 09-14 02/09A
345,958 EUR 360,491.68 0.04% DEUTSCHE BANK AG EMTN 4.875 07-12 24/09A
255,772 EUR 271,998.16 0.03% DEUTSCHE BANK EMTN 5.125 07-17 31/08A
383,659 EUR 409,824.54 0.05% DEUTSCHLAND I/L BOND 1.50 06-16 15/04A
802,443 EUR 892,105.04 0.10% DEUTSCHLAND INDEXED 1.75 09-20 15/04U
325,690 EUR 341,528.48 0.04% EUROHYPO SA LUX-2241- 4.25 07-12 20/11A
51 EUR 53.67 0.00% EWE AG 4.875 04-19 14/10A 25,577 EUR 26,679.11 0.00% EWE AG 5.25 09-21 16/07A 24,119 EUR 25,243.18 0.00% GERMANY 4.25 08-18 04/07A 22,000,000 EUR 23,625,799.78 2.78% GERMANY INFL. INDEX 2.25 07-13 15/04A
511,084 EUR 571,773.61 0.07% GERMANY -06- 4.00 06-16 04/07A 1,480,000 EUR 1,576,259.17 0.18% GERMANY 154 2.25 09-14 11/04A 10,540,000 EUR 10,541,474.75 1.24% GERRESHEIMER HLD REGS 7.875 05-15 01/03S 92,532 EUR 94,382.64 0.01% HEIDELBERGCEMENT FIN 8.00 09-17 31/01S 168,888 EUR 175,221.29 0.02% HEIDELBERGCEMENT FIN 8.50 09-19 31/10S 28,868 EUR 30,599.50 0.00% HELLA KG HUECK 7.25 09-14 20/10A
82,559 EUR 82,971.80 0.01% HENKEL EMTN 4.625 09-14 19/03A
130,009 EUR 137,935.64 0.02% IESY REG-S 8.75 05-15 15/02S 43,481 EUR 45,220.24 0.01% KABEL DEUTSCHLAND 10.75 06-14 01/07S 12,383 EUR 13,033.12 0.00% KFW SERIE GMTN 3.50 06-21 04/07A 1,748,000 EUR 1,686,155.72 0.20% MAN AG 7.25 09-16 20/05A 63,943 EUR 73,881.66 0.01% MERCK FIN SERVIC 4.875 09-13 27/09A
61,232 EUR 65,004.50 0.01% METRO AG 5.75 09-14 14/07A
123,129 EUR 133,096.30 0.02% ROBERT BOSCH EMTN 3.75 09-13 12/06A
81,847 EUR 84,322.05 0.01% UNITY MEDIA GMBH REGS10.125 05-15 15/02S
148,964 EUR 156,412.19 0.02% UNITY MEDIA REG S 8.125 09-17 01/12A
97,695 EUR 99,160.43 0.01% UNITY MEDIA REG S 9.625 09-19 01/12S
210,526 EUR 212,894.42 0.02% UPC GERMANY 144A 8.125 09-17 01/12S
246,796 USD 173,948.39 0.02% VOLKSWAGEN FIN SERV 6.875 09-14 15/01A
219,222 EUR 247,183.76 0.03% VOLKSWAGEN LEASING 4.125 06-11 31/05A
122,770 EUR 125,605.99 0.01%
Quantity
Denomination
Quotationcurrency
Market value
% of netassets
ASSICURAZ GENERALI 4.875 09-14 11/11A
203,160 EUR 215,694.96 0.03%
Italy
124,002,546.47 14.54%
ATLANTIA REG-S 5 EMTN 5.625 09-16 06/05A
238,636 EUR 259,953.35 0.03% AUTOSTRADE SPA EMTN 5.00 04-14 09/06A
12,788 EUR 13,559.38 0.00% A2A EMTN 4.50 09-16 02/11A
88,216 EUR 89,705.97 0.01% BANCO POP SOC COOP 4.125 09-14 22/10A
152,184 EUR 152,614.69 0.02% EDISON SPA -1- 4.25 09-14 22/07A
28,774 EUR 29,431.19 0.00% ENI SPA -4- 5.875 08-14 20/01A
127,886 EUR 142,434.31 0.02% ENI SPA -6- 4.125 09-19 16/09A
232,753 EUR 233,467.55 0.03% HERA SPA 4.50 09-19 03/12A
97,193 EUR 96,762.44 0.01% INTESA SAN PAOLO 3.75 09-16 23/11A
191,829 EUR 188,750.14 0.02% INTESA SAN PAOLO 8.375 09-XX 14/10A
67,779 EUR 71,151.01 0.01% INTESA SANPAOLO 5.375 08-13 19/12A
231,474 EUR 251,072.92 0.03% INTESA SANPAOLO 6.625 08-18 08/05A
97,193 EUR 99,426.50 0.01% INTESA SANPAOLO EMTN 5.00 09-19 23/09A
69,058 EUR 70,331.43 0.01% INTESA SANPAOLO 438 5.00 08-11 28/04A
112,540 EUR 117,349.97 0.01% ITALY BTP 3.75 05-15 01/08S 12,379,000 EUR 12,811,397.98 1.50% ITALY BTP 3.75 08-13 15/12S 8,140,000 EUR 8,472,681.63 0.99% ITALY BTP 4.00 05-37 01/02S 14,176,000 EUR 12,655,199.15 1.48% ITALY BTP 4.25 03-19 01/02S 34,369,000 EUR 35,507,989.69 4.15% ITALY BTP 4.25 04-14 01/08S 5,300,000 EUR 5,628,918.05 0.66% ITALY BTP 4.50 08-19 01/03S 6,588,000 EUR 6,919,837.23 0.81% ITALY BTP 4.75 08-23 01/08S 4,978,000 EUR 5,174,979.51 0.61% ITALY BTP 5.00 07-39 01/08S 12,593,000 EUR 13,103,269.62 1.54% ITALY BTP 6.50 97-27 01/11S 1,200,000 EUR 1,467,480.02 0.17% ITALY BTPSI (INDEXEE) 2.55 09-41 15/09S
213,415 EUR 226,975.77 0.03% ITALY BUONI DEL TESO 5.00 03-34 01/08S
12,142,000 EUR 12,625,858.82 1.48% ITALY INFL. INDEX 1.85 07-12 15/09S
712,622 EUR 783,191.92 0.09% ITALY INFL. INDEX 2.15 03-14 15/09S
862,570 EUR 1,030,464.38 0.12% ITALY INFL. INDEX 2.35 04-35 15/09S
841,693 EUR 992,058.54 0.12% ITALY INFL. INDEX 2.35 08-19 15/09S
748,625 EUR 802,548.16 0.09% ITALY INFL. INDEX 2.60 07-23 15/09S
1,596,720 EUR 1,789,736.86 0.21% LOTTOMATICA 5.375 09-16 05/12A
65,222 EUR 66,266.19 0.01% MEDIOBANCA EMTN 4.375 09-12 20/01A
153,463 EUR 158,898.65 0.02% MONTE DEI PASCHI EMTN 6.00 08-11 20/06A
294,138 EUR 309,033.13 0.04% MONTE PASCHI SIE.EMTN 4.875 06-16 31/05A
30,692 EUR 30,137.09 0.00% PIAGGIO & C 7.00 09-16 01/12S
67,423 EUR 67,591.57 0.01% SAN PAOLO IMI 6.375 00-10 06/04A
84,788 EUR 85,692.43 0.01% TELECOM ITALIA 8.25 09-16 21/03A
172,544 EUR 209,464.98 0.02% TELECOM ITALIA EMTN 5.375 04-19 29/01A
51,154 EUR 53,282.00 0.01% TELECOM ITALIA EMTN 7.875 09-14 22/01A
123,538 EUR 142,821.05 0.02% TERNA EMTN 4.875 09-19 03/10A
102,309 EUR 106,685.78 0.01% UBI BANCA SPCA 4.939 09-14 25/06A
147,632 EUR 155,745.85 0.02% UNICREDIT SPA 4.875 08-13 12/02A
135,559 EUR 142,918.51 0.02% UNICREDIT SPA 6.70 08-18 05/06A
76,731 EUR 77,393.20 0.01% UNICREDIT SPA -373- 5.25 09-14 14/01A
202,060 EUR 216,769.98 0.03% UNICREDIT SPA -382- 4.125 09-12 27/04A
127,886 EUR 131,974.52 0.02% UNICREDITO ITALIANO 3.95 06-16 01/02A
25,577 EUR 23,578.40 0.00%
AIR LIQUIDE FIN 6.125 08-12 28/11A
63,943 EUR 70,344.34 0.01%
France
109,000,065.04 12.78%
AIR LIQUIDE SA 4.375 09-15 03/06A
20,461 EUR 21,534.18 0.00% AREVA EMTN 4.375 09-19 06/11A
38,365 EUR 38,472.41 0.00% ASF SA EMTN 7.375 09-19 20/03A
133,001 EUR 162,282.50 0.02% AUCHAN 5.00 08-13 29/04A
102,309 EUR 109,070.60 0.01% AXA SA EMTN 4.50 09-15 23/01A
72,895 EUR 75,990.12 0.01% BANQUE PSA 8.50 09-12 04/05A
95,249 EUR 104,826.30 0.01% BFCM EMTN 4.25 07-14 05/02A
147,069 EUR 152,644.39 0.02% BNP PARIBAS 7.781 08-XX 02/07A
92,078 EUR 95,392.81 0.01% BNP PARIBAS EMTN 5.00 08-13 16/12A
389,158 EUR 420,742.05 0.05% BNP PARIBAS EMTN 5.25 02-12 17/12A
127,886 EUR 136,807.33 0.02% BOUYGUES 4.625 03-11 25/02A 20,461 EUR 21,099.59 0.00% BOUYGUES 6.125 08-15 03/07A 223,801 EUR 249,589.61 0.03% BPCE 5.10 08-18 27/06Q 19,385 EUR 20,160.39 0.00% BPCE 5.50 00-11 30/10A 14,323 EUR 15,146.57 0.00% CAISSE D EPARGNE 5.20 01-11 29/06A
10,230 EUR 10,615.68 0.00%
Securities portfolio at 31/12/09
FORTIS L FUND Bond Europe Plus
Expressed in EUR
CARREFOUR 5.375 08-15 12/06A
255,772 EUR 279,123.99 0.03% CARREFOUR EMTN 3.625 05-13 06-05A
15,346 EUR 15,756.36 0.00% CASINO GUICHARD 6.375 08-13 04/04A
15,346 EUR 16,764.58 0.00% CASINO GUICHARD 7.875 09-12 09/08A
138,117 EUR 154,718.65 0.02% CASINO GUICHARD EMTN 5.50 09-15 30/01A
6,394 EUR 6,820.10 0.00% CCAMA SUB 5.875 99-29 22/07Q
66,245 EUR 65,840.90 0.01% CGG VERITAS 7.75 07-17 15/05S
209,573 USD 144,973.83 0.02% CIE DE SAINT GOBAIN 4.875 06-16 31/05A
245,541 EUR 251,301.39 0.03% CIE FIN CRD-MUTL 5.375 09-14 22/04A
167,531 EUR 181,620.36 0.02% CIE SAINT GOBAIN EMTN 4.75 07-17 11/04A
46,039 EUR 46,422.96 0.01% CMA CGM SA REGS 5.50 07-12 16/05S
70,450 EUR 44,970.56 0.01% COFIROUTE SA 5.00 06-21 24/05A
12,788 EUR 13,171.14 0.00% CREDIT AGRICOLE 302 5.875 09-19 11/06A
143,232 EUR 157,711.31 0.02% ELECT.DE FRANCE -144A-6.50 09-19 26/01S
341,402 USD 268,488.32 0.03% EUROPCAR REG-S SUB 8.125 06-14 15/05S
168,833 EUR 142,663.88 0.02% FRANCE GOVT 4.50 09-41 25/04A
246,000 EUR 256,297.56 0.03% FRANCE OAT 3.00 04-15 25/10A
15,000,000 EUR 15,120,598.95 1.77% FRANCE OAT 3.75 06-17 25/04A
120,355 EUR 124,714.27 0.01% FRANCE OAT 4.00 03-13 25/10A
4,200,000 EUR 4,472,370.04 0.52% FRANCE OAT 4.00 04-55 25/04A
2,000,000 EUR 1,918,240.06 0.22% FRANCE OAT 4.00 06-38 25/10A
7,360,000 EUR 7,080,835.27 0.83% FRANCE OAT 4.25 03-19 25/04A
21,330,000 EUR 22,541,972.10 2.65% FRANCE OAT 4.25 06-23 25/10A
14,817,000 EUR 15,247,876.88 1.79% FRANCE OAT 4.25 07-18 25/10A
21,000,000 EUR 22,262,940.00 2.62% FRANCE OAT 4.75 01-12 25/10A
255,772 EUR 276,410.24 0.03% FRANCE OAT 5.00 01-16 25/10A
2,925,919 EUR 3,271,558.13 0.38% FRANCE OAT INDEX 2.10 08-23 25/07A
352,228 EUR 385,349.26 0.05% FRANCE OAT INDEX 2.25 03-20 25/07A
1,137,041 EUR 1,389,568.48 0.16% FRANCE OAT INDEX 3.00 01-12 25/07A
752,707 EUR 945,454.35 0.11% FRANCE OAT INDEX 3.40 99-29 25/07A
449,100 EUR 683,472.76 0.08% FRANCE OAT INDEX 1.60 03-11 25/07A
944,596 EUR 1,075,315.17 0.13% FRANCE OAT INDEXE 1.80 06-40 25/07A
368,188 EUR 398,648.02 0.05% FRANCE OAT INDEXEE 1.00 05-17 25/07A
1,157,269 EUR 1,232,573.85 0.14% FRANCE OAT INDEXEE 1.60 04-15 25/07A
791,865 EUR 914,474.36 0.11% FRANCE OAT INDEXEE 2.50 02-13 25/07A
968,907 EUR 1,179,760.22 0.14% FRANCE OAT INDEXEE 3.15 02-32 25/07A
574,923 EUR 832,454.08 0.10% FRANCE TELECOM 5.625 08-18 22/05A
255,772 EUR 280,817.17 0.03% FRANCE TELECOM EMTN 7.25 03-13 28/01A
270,582 EUR 305,357.21 0.04% FRANCE TELECOM EMTN 8.125 03-33 28/01A
40,156 EUR 54,010.22 0.01% GDF SUEZ 5.625 09-16 18/01A
205,206 EUR 227,280.01 0.03% GDF SUEZ 6.875 08-19 24/01A
164,794 EUR 198,336.16 0.02% LAFARGE EMTN 5.50 09-19 16/12A
100,646 EUR 99,690.88 0.01% LAFARGE SA EMTN 7.625 09-14 27/05A
153,438 EUR 174,198.18 0.02% LVMH MOET HENNESSY 4.375 09-14 12/05A
89,520 EUR 93,701.48 0.01% LVMH MOET HENNESSY 4.625 04-11 01/07A
26,779 EUR 27,845.34 0.00% NOVASEP HOLDING REG-S 9.625 09-16 15/12S
68,799 EUR 67,519.33 0.01% PPR SA 8.625 09-14 03/04A
88,037 EUR 103,601.06 0.01% RCI BANQUE SA 4.00 09-11 21/10A
89,955 EUR 90,745.70 0.01% RCI BANQUE SA 8.125 09-12 15/05A
89,520 EUR 97,761.20 0.01% REXEL 8.25 09-16 15/12S
90,815 EUR 92,177.22 0.01% SANOFI AVENTIS 3.50 09-13 17/05A
75,964 EUR 78,157.08 0.01% SCHNEIDER ELECTRIC 3.125 05-10 11/08A
120,213 EUR 121,575.25 0.01% SOCIETE GENERALE 5.25 08-13 28.03A
107,424 EUR 115,249.83 0.01% SOCIETE GENERALE EMTN 5.125 08-13 19/12A
191,829 EUR 206,361.98 0.02% SOCIETE GENERALE SUB 5.625 02-12 13/02A
90,543 EUR 95,862.40 0.01% SODEXHO 4.50 07-14 28/03A
15,346 EUR 15,921.93 0.00% SODEXHO 6.25 09-15 30/01A
45,783 EUR 51,156.55 0.01% SUEZ ENVIRONNEMENT 5.50 09-24 22/07A
26,856 EUR 28,384.37 0.00% SUEZ ENVIRONNEMENT CO 4.875 09-14 08/04A
25,577 EUR 27,115.19 0.00% TEREOS EUROPE REGS 6.375 07-14 15/04S
145,909 EUR 133,506.73 0.02% TOTAL CAPITAL 3.50 09-14 27/02A
215,309 EUR 221,245.08 0.03% TOTAL CAPITAL 4.875 09-19 28/01A
102,309 EUR 109,984.22 0.01% VEOLIA ENVIRONNEMENT 5.875 02-12 01/02A
50,617 EUR 53,923.31 0.01% VEOLIA ENV. EMTN REGS 4.875 03-13 28/05A
60,490 EUR 63,663.31 0.01% VEOLIA ENVIRONN. 5.125 07-22 24/05A
127,886 EUR 129,911.72 0.02% VEOLIA ENVIRONNEMENT 4.375 05-20 11/12A
63,943 EUR 62,105.28 0.01%
Quantity
Denomination
Quotationcurrency
Market value
% of netassets
VEOLIA ENVRNMT 5.25 09-14 24/04A
59,697 EUR 64,048.31 0.01% VEOLIA ENVRNMT 6.75 09-19 24/04A
28,135 EUR 32,855.77 0.00% VIVENDI 4.875 09-19 02/12A 76,731 EUR 76,737.13 0.01% VIVENDI SA 7.75 09-14 23/01A 107,424 EUR 123,854.48 0.01% WENDEL 4.875 04-14 04/11A 97,695 EUR 87,925.50 0.01% WENDEL INVESTISSEMENT 4.375 05-17 09/08A
103,199 EUR 81,527.21 0.01%
ALLIANCE & LEICS 5.00 07-10 04/10A
109,752 EUR 112,250.28 0.01%
United Kingdom
98,623,622.15 11.57%
ANGLO AMER CAPITAL 4.375 09-16 02/12A
65,477 EUR 65,410.22 0.01% ANGLO AMERCAN CAPITAL 4.25 09-13 30/09A
25,577 EUR 26,365.03 0.00% ASTRAZENECA 5.40 07-12 15/09S
91,040 USD 69,248.96 0.01% BARCLAYS BANK 5.25 09-14 27/05A
133,027 EUR 141,971.73 0.02% BARCLAYS BANK EMTN 4.875 09-19 13/08A
117,655 EUR 119,861.02 0.01% BARCLAYS BANK PLC 5.00 09-16 22/09S
341,402 USD 244,055.54 0.03% BARCLAYS BANK PLC 5.75 01-11 08/03A
76,731 EUR 79,553.93 0.01% BARCLAYS BK REG-S SUB 6.00 08-18 23/01A
83,075 EUR 87,679.02 0.01% BARCLAYS BK SUB EMTN 4.875 03-13 31/03A
12,788 EUR 13,234.42 0.00% BAT INTERNATIONAL FIN 4.875 09-21 24/02A
69,595 EUR 69,627.70 0.01% BAT INTERNATIONAL FIN 5.375 07-17 29/06A
108,703 EUR 115,808.92 0.01% BP CAPITAL MARKETS 4.75 09-19 10/03S
109,248 USD 78,241.32 0.01% BP CAPITAL PLC 4.25 08-11 10/01A
68,802 EUR 70,926.61 0.01% BRITISH TELECOM 6.125 09-14 11/07A
70,542 EUR 76,444.25 0.01% BRITISH TELECOM PLC 6.50 08-15 07/07A
115,097 EUR 125,941.43 0.01% CREDIT AGRICOLE 251 6.00 08-13 24/06A
143,232 EUR 158,365.89 0.02% CREDIT SUISSE EMTN 6.125 08-13 05/08A
291,453 EUR 321,816.57 0.04% CREDIT SUISSE LD EMTN 6.125 08-14 16/05A
255,772 EUR 283,438.86 0.03% DEUTSCHE BK LONDON 6.00 07-17 01/09S
136,561 USD 102,795.52 0.01% DIAGEO CAP PLC 5.75 07-17 23/10S
91,040 USD 68,011.33 0.01% DIAGEO CAPITAL PLC 6.625 08-14 05/12A
94,635 EUR 107,846.98 0.01% EFG HELLAS PLC 4.375 09-13 11/02A
95,454 EUR 94,269.41 0.01% FCE BANK EMTN 7.125 07-12 16/01A
305,469 EUR 300,529.57 0.04% FCE BANK EMTN 9.375 09-14 17/01A
89,439 EUR 90,612.89 0.01% GALLAHER GROUP PLC 4.625 04-11 10/06A
66,500 EUR 68,938.56 0.01% GLAXOSMITHKLINE EMTN 5.125 07-12 13/12A
215,872 EUR 231,140.62 0.03% GLB CROSSING UK 11.75 05-14 15/12S
86,935 GBP 99,924.61 0.01% HSBC BANK 4.50 09-14 30/04A
97,116 EUR 102,172.84 0.01% HSBC BANK EMTN 3.75 09-16 30/11A
133,922 EUR 134,276.90 0.02% HSBC HOLDINGS 6.25 08-18 19/03A
166,252 EUR 183,513.94 0.02% HSBC HOLDINGS SUB 6.00 09-10 10/06A
76,731 EUR 83,560.06 0.01% INEOS GRP REG-S 7.875 06-16 15/02S
244,375 EUR 154,567.20 0.02% ISS FINANCING PLC 11.00 09-14 15/06S
163,742 EUR 176,841.38 0.02% LEHMAN BROT (IN DEFAULT) 06-XX 28/02A
382,380 EUR 2,600.19 0.00% LLOYDS TSB BANK EMTN 6.25 09-14 15/04A
219,606 EUR 239,010.38 0.03% LLOYDS TSB GROUP SUB 4.75 99-11 18/03A
63,943 EUR 64,314.51 0.01% NATIONAL GRID EMTN 4.125 06-13 21/03A
34,478 EUR 35,373.74 0.00% NATIONAL GRID EMTN 4.75 03-10 10/12A
1,250,000 GBP 1,447,127.01 0.17% NATIONAL GRID EMTN 5.125 08-13 15/05A
94,635 EUR 100,985.95 0.01% NGG FINANCE 6.125 01-11 23/08A
53,712 EUR 57,058.27 0.01% OTE PLC EMTN 3.75 05-11 11/11A
125,328 EUR 127,197.89 0.01% OTE PLC EMTN 4.625 06-16 20/05A
74,174 EUR 73,361.79 0.01% RBS 5.375 09-19 30/09A
102,667 EUR 100,197.86 0.01% REXAM PLC 4.375 06-13 15/03A
39,644 EUR 40,034.50 0.00% ROYAL BK OF SCOT SUB 4.35 06-17 23/01A
85,683 EUR 69,707.41 0.01% ROYAL BK SCOTLAND 5.25 08-13 15/05A
143,846 EUR 148,646.16 0.02% ROYAL BK SCOTLAND 5.625 08-13 23/05A
125,840 EUR 133,012.87 0.02% ROYAL BK SCOTLAND SUB 6.00 01-13 10/05A
57,548 EUR 56,788.37 0.01% ROYAL BK SCOTLAND SUB 6.934 08-18 09/04A
179,041 EUR 166,096.32 0.02% SABMILLER PLC-144A- 6.50 06-16 01/07S
113,800 USD 87,271.68 0.01% STANDARD CHART SUB FL.R 05-17 03/02A
135,380 EUR 132,297.40 0.02% STANDARD CHARTERED 5.75 09-14 30/04A
89,520 EUR 97,046.84 0.01% STANDARD CHARTERED 5.875 07-17 26/09A
38,365 EUR 40,076.86 0.00% TESCO 5.875 08-16 12/09A
178,273 EUR 199,013.29 0.02% TESCO EMTN 4.75 02-10 13/04A
25,577 EUR 25,833.00 0.00% UBS AG LONDON 5.625 09-14 19/05A
395,143 EUR 424,166.23 0.05% UBS AG LONDON 6.00 08-18 18/04A
80,568 EUR 87,428.36 0.01% UBS LONDON EMTN 6.25 08-13 03/09A
62,664 EUR 68,311.91 0.01%