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
120
Quantity /
Face value
Currency
Cost Market Value % net assets
GIBRALTAR. IND. 8% 06-11.12.15/MUTLICP 89,563.24 USD 51,793.14 57,100.73 0.04
HYNIX SEMICO 7.875% 07-27.06.17 REGS 256,812.15 USD 127,703.82 156,352.14 0.12
IKON OFF.SOL. 6.75% 05-01.12.25 287,963.52 USD 188,339.43 193,424.22 0.14
INDALEX HLD 11.5% 06-01.02.14 B 54,733.09 USD 34,801.06
403.70 -
INDONESIA 6.75% 04-10.03.14/REG 136,576.08 USD 94,471.45 103,823.10 0.08
INDONESIA 7.5% 05-15.01.16 REGS 59,380.91 USD 34,309.27 46,689.92 0.03
INDONESIA 8.5% 05-12.10.35 REGS 118,761.81 USD 93,472.78 99,525.98 0.07
INTL COAL GRP 10.25% 06-15.07.14 155,756.57 USD 97,273.80 103,014.03 0.08
IRAQ 5.8% 06-15.1.28 STEP-UP 148,452.26 USD 75,720.38 79,930.67 0.06
KAZMUNAIGAZ FIN. 8.375% 08-02.07.13 REG 148,452.26 USD 105,567.62 111,301.75 0.08
KAZMUNAIGAZ FIN. 9.125% 08-02.07.18 REG 59,380.91 USD 43,492.26 45,863.56 0.03
LEBANON 7.125% 04-05.03.10 S.30 53,442.82 USD 34,973.77 37,493.85 0.03
LEBANON 8.25% 06-12.04.21 35,628.54 USD 22,047.36 27,394.18 0.02
LEBANON 9% 08-02.05.14 112,823.72 USD 74,850.10 88,710.86 0.07
LIBERTY M 7.8% 07-15.3.37 144A 153,686.02 USD 95,019.12 89,827.96 0.07
MAJAPAHIT HLD 7.875% 07-29.06.37 REG 59,380.91 USD 34,594.12 39,876.95 0.03
MCMORAN EXP 11.875% 07-15.11.14 132,418.76 USD 84,848.80 93,580.10 0.07
MEXICO 6.75% 04-27.09.34 GLOB 190,018.90 USD 143,499.96 139,530.98 0.10
MEXICO 8.125% 01-30.12.19 118,761.81 USD 99,045.16 101,230.36 0.08
NAVIOS MARITIM. 9.5% 07-15.12.14 12,038.07 USD 7,666.78 8,334.47 0.01
NAVIOS 8.875% 09-01.11.17 144A 16,050.76 USD 10,562.29 11,601.24 0.01
NORSKE SKOG.7.625% 01-11-144A 68,215.73 USD 42,903.89 44,736.68 0.03
OCEAN GRD 9.25% 05-10/DEFAULT 53,371.83 USD 3,044.82 1,856.86 -
OXFORD IND 11.375% 09-15.07.15 7,945.13 USD 5,803.94 6,081.23 -
PA RESOURCES 10% 06-20.06.11 109,145.16 USD 72,303.00 74,046.92 0.06
PANAMA 8.875% 97-30.09.27 148,452.26 USD 128,539.16 134,285.18 0.10
PANAMA 9.375% 99-01.04.29 61,162.33 USD 53,846.31 57,364.03 0.04
PERU 7.35% 05-21.07.25 178,142.72 USD 137,116.50 142,548.88 0.11
PERU 8.375% 04-03.05.16 65,319.00 USD 51,715.67 54,940.41 0.04
PERU 8.75% 03-21.11.33 44,535.68 USD 38,039.35 40,285.56 0.03
PETRO DEV 12% 08-15.02.18 126,479.98 USD 85,095.05 90,757.74 0.07
PETROL VENEZ 5.25% 07-12.04.17 504,737.70 USD 186,882.09 193,175.62 0.14
PETROLEOS VEN. 5.375% 07-12.04.27 356,285.43 USD 98,927.07 109,907.09 0.08
PETRONA CAP. 7% 02-22.05.12 207,833.17 USD 153,979.21 158,594.04 0.12
PETROPLUS FIN 9.375% 9-15.09.19 16,050.76 USD 10,837.68 11,112.62 0.01
PETROQUEST 10.375% 05-15.05.12 136,351.20 USD 93,331.55 95,706.27 0.07
PHI INC 7.125% 06-15.04.13 5,055.99 USD 3,353.03 3,394.93 -
PHILIPPINES 7.5% 06-25.09.24 GLOBAL 178,142.72 USD 132,441.25 139,721.15 0.10
PHILIPPINES 9.375% 02-18.01.17 148,452.26 USD 133,480.02 125,246.75 0.09
P2021 13.5% 09-15.12.13 REGS 32,101.52 USD 21,698.53 21,666.82 0.02
RBS GRP 9.118% 00-PERP 254,805.80 USD 120,177.38 161,342.43 0.12
REP.DOMINIC. 9.04% 05-23.01.18 REG/PIK 59,380.91 USD 40,826.30 49,140.07 0.04
REP.URUGUAY 8% 05-18.11.22 112,823.72 USD 86,312.52 89,825.63 0.07
RUSS.AGRIC. 7.175% 06-16.05.13 REG 178,142.72 USD 124,576.68 131,244.13 0.10
RUSSIA 7.5% 00-31.03.30 REG/STEP-UP 340,490.11 USD 261,636.31 267,127.72 0.21
SEVAN MARINE AS TV 07-14.05.13 91,489.33 USD 58,912.18 49,973.30 0.04
SEVAN 9.25% 06-20.12.11 216,685.25 USD 132,735.66 140,973.95 0.10
TEPPCO 7% (TV) 07-01.06.67 14,445.68 USD 9,107.69 8,895.68 0.01
TRISTAN OIL 10.5% 06-01.01.12 134,023.84 USD 69,910.88 34,738.11 0.03
TURKEY 6.875% 06-17.03.36 41,566.63 USD 27,531.62 29,241.11 0.02
TURKEY 7% 06-26.09.16 GLOBAL 178,142.72 USD 125,893.48 137,057.65 0.10
The accompanying notes form an integral part of these financial statements.