Merrill Lynch International Investment Funds Audited Annual Report ...
Merrill Lynch International Investment Funds Audited Annual Report ...
Merrill Lynch International Investment Funds Audited Annual Report ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Global Capital Securities Absolute Return Fund (1)<br />
Portfolio of <strong>Investment</strong>s 31 December 2006<br />
Transferable Securities Admitted to an Official Stock Exchange<br />
Listing or Dealt in on Another Regulated Market<br />
Holding Description Value (€) %<br />
BONDS<br />
Australia<br />
£290,000 Insurance Australia Group 5.625%<br />
21/12/2026 426,384 0.42<br />
€450,000 Macquarie Bank EMTN FRN 20/6/2013 453,548 0.44<br />
€200,000 National Australia Bank EMTN FRN<br />
23/9/2014 200,600 0.20<br />
US$1,050,000 National Capital Trust II '144A' 5.486%<br />
23/3/2015 (Perpetual) 771,963 0.75<br />
£150,000 Stockland Finance Pty EMTN 5.625%<br />
25/10/2013<br />
___________<br />
221,292<br />
______<br />
0.22<br />
___________<br />
2,073,787<br />
______<br />
2.03<br />
Austria<br />
€120,000 BAWAG PSK – Bank fuer Arbeit und<br />
Wirtschaft und Oesterreichische<br />
Postsparkasse EMTN 4.35%<br />
28/5/2013<br />
___________<br />
118,916<br />
______<br />
0.11<br />
Canada<br />
€550,000 Bombardier FRN 15/11/2013 551,690 0.54<br />
US$570,000 Royal Bank of Canada 5.65%<br />
20/7/2011<br />
___________<br />
440,677<br />
______<br />
0.43<br />
___________<br />
992,367<br />
______<br />
0.97<br />
Cayman Islands<br />
€350,000 Mizuho Financial Group (Cayman)<br />
4.75% 15/4/2014 353,386 0.35<br />
€250,000 Norinchukin Finance (Cayman) EMTN<br />
4.25% 28/9/2016 247,987 0.24<br />
US$650,000 Santander Central Hispano Issuances<br />
7.625% 3/11/2009 523,226 0.51<br />
US$140,000 Santander Central Hispano Issuances<br />
7.625% 14/9/2010<br />
___________<br />
114,879<br />
______<br />
0.11<br />
___________<br />
1,239,478<br />
______<br />
1.21<br />
Denmark<br />
€743,000 Danica Pension Livsforsikringsaktieselskab<br />
4.35% 6/10/2011 (Perpetual) 736,153 0.72<br />
£300,000 Danske Bank EMTN 5.684%<br />
15/2/2017 (Perpetual) 440,857 0.43<br />
€150,000 FIH Erhvervsbank EMTN FRN<br />
3/11/2009<br />
___________<br />
149,992<br />
______<br />
0.15<br />
___________<br />
1,327,002<br />
______<br />
1.30<br />
France<br />
€230,000 Alcatel 4.375% 17/2/2009 232,024 0.23<br />
€220,000 Alstom 6.25% 3/3/2010 231,550 0.23<br />
US$1,000,000 AXA '144A' 6.463% 14/12/2018<br />
(Perpetual) 749,336 0.73<br />
£850,000 AXA EMTN 6.667% 6/7/2016<br />
(Perpetual) 1,302,444 1.27<br />
US$150,000 Caisse Nationale des Caisses<br />
d'Epargne et de Prevoyance 6.75%<br />
27/1/2012 (Perpetual) 116,481 0.11<br />
€100,000 Caisse Nationale des Caisses<br />
d'Epargne et de Prevoyance EMTN<br />
5.25% 30/7/2014 (Perpetual) 103,201 0.10<br />
Transferable Securities Admitted to an Official Stock Exchange<br />
Listing or Dealt in on Another Regulated Market<br />
Holding Description Value (€) %<br />
€200,000 Carrefour EMTN 3.625% 6/5/2013 192,191 0.19<br />
€230,000 Casino Guichard Perrachon EMTN<br />
4.75% 21/7/2011 230,496 0.23<br />
€500,000 CNP Assurances 4.75%<br />
22/12/2016 (Perpetual) 490,751 0.48<br />
€100,000 Compagnie de Saint-Gobain<br />
4.25% 31/5/2011 99,309 0.10<br />
€160,000 France Telecom EMTN 8.125%<br />
28/1/2033 217,346 0.21<br />
€350,000 Pernod-Ricard 4.625% 6/12/2013<br />
___________<br />
345,908<br />
______<br />
0.34<br />
___________<br />
4,311,037<br />
______<br />
4.22<br />
Germany<br />
€1,000,000 Commerzbank EMTN 4.125%<br />
13/9/2016 986,895 0.97<br />
€750,000 HT1 Funding 6.352% 30/6/2017<br />
(Perpetual)<br />
___________<br />
796,792<br />
______<br />
0.78<br />
___________<br />
1,783,687<br />
______<br />
1.75<br />
Guernsey<br />
€150,000 ABB <strong>International</strong> Finance 6.5%<br />
30/11/2011 163,395 0.16<br />
€400,000 Credit Suisse Group Finance<br />
Guernsey 3.625% 23/1/2018<br />
___________<br />
383,476<br />
______<br />
0.38<br />
___________<br />
546,871<br />
______<br />
0.54<br />
Hungary<br />
€475,000 MOL Hungarian Oil & Gas 3.875%<br />
5/10/2015<br />
___________<br />
429,818<br />
______<br />
0.42<br />
India<br />
US$2,010,000 ICICI Bank 7.25% 31/10/2016<br />
(Perpetual)<br />
___________<br />
1,580,129<br />
______<br />
1.54<br />
Ireland<br />
€100,000 Allied Irish Banks 7.5% 28/2/2011<br />
(Perpetual) 111,370 0.11<br />
€700,000 Anglo Irish Bank EMTN FRN 25/6/2014 704,375 0.69<br />
€750,000 Irish Life & Permanent EMTN FRN<br />
7/12/2015 748,135 0.73<br />
£200,000 Irish Nationwide Building Society<br />
EMTN 5.5% 10/1/2018 294,840 0.29<br />
£130,000 Lambay Capital Securities EMTN<br />
6.25% 16/6/2015 (Perpetual)<br />
___________<br />
189,161<br />
______<br />
0.19<br />
___________<br />
2,047,881<br />
______<br />
2.01<br />
Italy<br />
€300,000 SanPaolo IMI EMTN 3.75% 9/6/2015<br />
___________<br />
294,996<br />
______<br />
0.29<br />
Japan<br />
US$340,000 Aiful 4.45% 16/2/2010 247,996 0.24<br />
€500,000 Bank of Tokyo-Mitsubishi UFJ EMTN<br />
3.5% 16/12/2015 483,905 0.48<br />
€900,000 Resona Bank EMTN 3.75% 15/4/2015 882,103 0.86<br />
€200,000 Shinsei Bank 3.75% 23/2/2016 194,108 0.19<br />
€500,000 Sumitomo Mitsui Banking 4.375%<br />
27/10/2014<br />
___________<br />
500,755<br />
______<br />
0.49<br />
___________<br />
2,308,867<br />
______<br />
2.26<br />
(1) New Fund launched, see Note 1, for further details.<br />
The notes on pages 213 to 219 form an integral part of these financial statements.<br />
<strong>Audited</strong> <strong>Annual</strong> <strong>Report</strong> and Accounts 117
Change language