Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976

Sparinvest SICAV
SPARINVEST - PROCEDO
Statement of Investments (continued) as at December 31, 2009
(expressed in EUR)
Description
118
Quantity /
Face value
Currency
Cost Market Value % net assets
C GERAL DEPOSITOS FRN 02-PERP 87,962.46 EUR 90,226.26 69,490.34 0.05
CCBP 9.25% 09-PERP 328,090.42 EUR 302,762.82 301,843.18 0.22
CEDCFC 8.875% 09-01.12.16 REGS 40,126.90 EUR 39,870.49 40,327.53 0.03
CLERICAL MEDICAL 4.25% 05-PERP 140,739.94 EUR 125,085.43 83,036.56 0.06
CLERI.MED. 6.45% 01-05.07.23 EMTN 619,255.72 EUR 513,911.87 495,404.57 0.37
COMMZBK CAP. 5.012% (TV) 06-PERP 158,332.43 EUR 139,994.37 73,563.67 0.05
C10 CAP SPV 6.277% (TV) 07-09.05.49 376,390.30 EUR 219,750.94 251,005.28 0.19
DANSKE BK A/S 4.878% 07-PERP 140,739.94 EUR 126,701.13 107,901.09 0.08
DSK BK 2.5% 09-21.09.10 833,388.20 EUR 832,371.47 842,305.46 0.63
EDCON HLDGS FRN 07-15.06.15 REGS 274,467.98 EUR 172,149.41 141,673.51 0.11
EDCON PROP.TV 07-15.06.14 REGS 48,152.28 EUR 41,973.89 30,788.08 0.02
ELM BV 5.252% (FRN) 06-PERP 422,219.81 EUR 370,414.23 350,442.44 0.26
EUREKO BV 6% 06-PERP 225,183.90 EUR 217,302.46 170,295.32 0.13
EUROHYPO CAP 6.445% 03-23.05.33 35,184.98 EUR 35,538.42 14,865.66 0.01
FINLAND 3.875% 06-15.09.17 666,710.56 EUR 682,064.91 692,245.58 0.52
FORTIS BK 6.5% 01-PERP 610,647.12 EUR 433,160.38 561,795.35 0.42
FURSTENB.CAP II 5.625% 05-PERP 70,369.97 EUR 60,283.84 38,527.56 0.03
GENERALI F. 5.317% (TV) 06-PERP 70,369.97 EUR 67,431.32 62,629.27 0.05
GERMANY 4.25% 04-04.07.14 2,083,470.51 EUR 2,225,167.34 2,245,772.86 1.66
GERMANY 4.25% 07-04.07.39 1,666,776.41 EUR 1,938,927.66 1,706,445.69 1.27
HANNOVER FIN. 5% (TV) 05-PERP 351,849.84 EUR 295,075.70 285,877.99 0.21
HENKEL 5.375% 05-PERP STEP-UP 123,147.44 EUR 114,353.48 111,933.64 0.08
HSBC CAP.8.03% 00-PERP 439,812.30 EUR 411,774.26 440,911.83 0.33
HT1 FDG 6.352% (TV) 06-PERP 237,498.64 EUR 217,784.14 137,749.21 0.10
HVB FDG TR 7.055% 02-PERP 591,448.12 EUR 470,257.20 478,333.67 0.36
HYBRID RAISING 6.625% 04-PERP 294,016.31 EUR 170,529.47 36,752.04 0.03
IF SKADEFORS. 4.943% (TV) 05-PERP 70,369.97 EUR 65,883.88 47,260.47 0.04
INTESA FRN 09-PERP 175,924.92 EUR 180,674.89 184,721.17 0.14
IRELAND 5.9% 09-18.10.19 2,083,470.51 EUR 2,238,001.52 2,250,981.54 1.67
ITALY 4% 05-01.02.37 BTP 2,500,164.61 EUR 2,128,115.12 2,228,896.75 1.65
ITALY 4.25% 03-01.02.19 BTP 1,666,776.41 EUR 1,690,111.28 1,722,446.74 1.28
ITALY 4.5% 08-01.08.18 BTP 1,666,776.41 EUR 1,680,827.33 1,759,782.53 1.31
KOMM.LDSPENS. 5.25% (TV) 06-PERP 154,813.93 EUR 147,150.64 128,494.01 0.10
LBG CAP2 15% 09-21.12.19 175,924.92 EUR 118,045.62 217,817.04 0.16
LINDE FIN. 7.375% (TV) 06-14.07.66 228,702.40 EUR 237,308.64 234,253.00 0.17
LLOYDS TSB CAP 1 7.375% 00-PERP 204,647.18 EUR 126,929.40 185,205.70 0.14
MAIN CAPITAL FD 5.5% 05-PERP 123,147.44 EUR 100,980.90 76,142.57 0.06
NORSKE SKOGIND 7% 07-26.06.17 186,991.34 EUR 115,350.23 125,885.24 0.09
NXP B V 10% 09-15.07.13 REGS 44,139.59 EUR 32,101.52 43,256.80 0.03
NYKREDIT FRN 09-PERP 351,849.84 EUR 351,849.84 370,761.77 0.28
NYKREDIT MTG BK FRN 05-20.09.13 96,758.71 EUR 95,712.74 94,097.84 0.07
NYKREDIT 5% 08-01.01.10 1,208,412.90 EUR 1,220,255.34 1,208,110.79 0.90
PEMEX 5.5% 09-09.01.17 296,904.53 EUR 294,858.86 296,418.24 0.22
ROYAL CARIBB. 5.625% 07-27.01.14 REGS 44,139.59 EUR 35,226.88 38,438.23 0.03
ROY.BK SCOT. 7.0916% (TV) 07-PERP 179,768.50 EUR 54,069.49 87,487.94 0.07
SG CAP TR 7.875% 00-PERP 80,253.80 EUR 72,700.50 78,247.45 0.06
SL MACS 5.314% 04-PERP 105,554.95 EUR 99,240.65 77,056.17 0.06
SOCGEN 9.375% (TV) 09-PERP/SUB 175,924.92 EUR 193,517.41 200,114.60 0.15
SOLVAY FIN. 6.375% 06-PERP 175,924.92 EUR 179,161.94 165,237.48 0.12
ST.GENERALE 6.999% 07-PERP 351,849.84 EUR 323,701.85 322,822.23 0.24
STOREBRD LIV. 9.404% (TV) 08-PERP 633,329.71 EUR 616,808.07 639,663.01 0.48
The accompanying notes form an integral part of these financial statements.