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

Sparinvest SICAV
SPARINVEST - SECURUS
Statement of Investments (continued) as at December 31, 2009
(expressed in EUR)
Description
Quantity /
Face value
Currency
Cost Market Value % net assets
C GERAL DEPOSITOS FRN 02-PERP 27,888.00 EUR 28,605.72 22,031.52 0.04
CCBP 9.25% 09-PERP 116,004.12 EUR 107,433.33 106,723.79 0.20
CEDCFC 8.875% 09-01.12.16 REGS 20,212.58 EUR 20,083.42 20,313.65 0.04
CLERICAL MEDICAL 4.25% 05-PERP 44,620.79 EUR 39,657.62 26,326.27 0.05
CLERI.MED. 6.45% 01-05.07.23 EMTN 196,331.50 EUR 162,932.83 157,065.20 0.29
COMMZBK CAP. 5.012% (TV) 06-PERP 50,198.39 EUR 44,384.42 23,322.94 0.04
C10 CAP SPV 6.277% (TV) 07-09.05.49 189,594.02 EUR 110,692.19 126,435.51 0.23
DANSKE BK A/S 4.878% 07-PERP 44,620.79 EUR 40,169.87 34,209.42 0.06
DSK BK 2.5% 09-21.09.10 4,166,611.80 EUR 4,161,528.53 4,211,194.54 7.77
EDCON HLDGS FRN 07-15.06.15 REGS 138,254.06 EUR 86,714.51 71,363.29 0.13
EDCON PROP.TV 07-15.06.14 REGS 24,255.10 EUR 21,142.94 15,508.47 0.03
ELM BV 5.252% (FRN) 06-PERP 133,862.38 EUR 117,437.72 111,105.78 0.21
EUREKO BV 6% 06-PERP 71,393.27 EUR 68,894.51 53,991.16 0.10
EUROHYPO CAP 6.445% 03-23.05.33 11,155.20 EUR 11,267.25 4,713.07 0.01
FINLAND 3.875% 06-15.09.17 133,289.44 EUR 136,359.09 138,394.42 0.26
FORTIS BK 6.5% 01-PERP 261,616.64 EUR 176,410.63 240,687.31 0.44
FURSTENB.CAP II 5.625% 05-PERP 22,310.40 EUR 19,112.65 12,214.94 0.02
GENERALI F. 5.317% (TV) 06-PERP 22,310.40 EUR 21,378.71 19,856.25 0.04
GERMANY 4.25% 04-04.07.14 416,529.49 EUR 444,857.66 448,977.14 0.83
GERMANY 4.25% 07-04.07.39 333,223.59 EUR 387,632.34 341,154.31 0.63
GERMANY 4.25% 07-12.10.12 S.151 2,400,000.00 EUR 2,550,240.00 2,568,240.00 4.75
HANNOVER FIN. 5% (TV) 05-PERP 111,551.99 EUR 93,552.07 90,635.99 0.17
HENKEL 5.375% 05-PERP STEP-UP 39,043.20 EUR 36,255.12 35,487.92 0.07
HSBC CAP.8.03% 00-PERP 139,439.98 EUR 130,550.68 139,788.58 0.26
HT1 FDG 6.352% (TV) 06-PERP 75,297.59 EUR 69,047.22 43,672.60 0.08
HVB FDG TR 7.055% 02-PERP 199,401.31 EUR 156,581.79 161,265.80 0.30
HYBRID RAISING 6.625% 04-PERP 104,751.69 EUR 60,755.98 13,093.96 0.02
IF SKADEFORS. 4.943% (TV) 05-PERP 22,310.40 EUR 20,888.11 14,983.66 0.03
INTESA FRN 09-PERP 55,775.99 EUR 57,281.94 58,564.79 0.11
IRELAND 3.9% 09-05.03.12 1,000,000.00 EUR 1,038,490.00 1,034,000.00 1.91
IRELAND 4% 08-11.11.11 2,500,000.00 EUR 2,611,375.00 2,589,500.00 4.77
IRELAND 4% 09-15.01.14 1,400,000.00 EUR 1,436,932.00 1,438,220.00 2.66
IRELAND 5.9% 09-18.10.19 416,529.49 EUR 447,423.48 450,018.46 0.83
ITALY 4% 05-01.02.37 BTP 499,835.39 EUR 425,454.88 445,603.25 0.82
ITALY 4.25% 03-01.02.19 BTP 333,223.59 EUR 337,888.72 344,353.26 0.64
ITALY 4.5% 08-01.08.18 BTP 333,223.59 EUR 336,032.67 351,817.47 0.65
KOMM.LDSPENS. 5.25% (TV) 06-PERP 49,082.87 EUR 46,653.27 40,738.29 0.08
LBG CAP2 15% 09-21.12.19 55,775.99 EUR 37,425.69 69,057.65 0.13
LINDE FIN. 7.375% (TV) 06-14.07.66 72,508.79 EUR 75,237.35 74,268.58 0.14
LLOYDS TSB CAP 1 7.375% 00-PERP 103,084.17 EUR 63,936.44 93,291.17 0.17
MAIN CAPITAL FD 5.5% 05-PERP 39,043.20 EUR 32,015.42 24,140.57 0.04
NORSKE SKOGIND 7% 07-26.06.17 94,190.63 EUR 58,103.82 63,410.48 0.12
NXP B V 10% 09-15.07.13 REGS 22,233.84 EUR 16,170.07 21,789.16 0.04
NYKREDIT FRN 09-PERP 111,551.99 EUR 111,551.99 117,547.91 0.22
NYKREDIT MTG BK FRN 05-20.09.13 30,676.80 EUR 30,345.18 29,833.18 0.06
NYKREDIT 5% 08-01.01.10 1,691,587.10 EUR 1,705,018.16 1,691,164.21 3.12
PEMEX 5.5% 09-09.01.17 203,095.47 EUR 201,696.14 202,762.83 0.37
ROYAL CARIBB. 5.625% 07-27.01.14 REGS 22,233.84 EUR 17,744.36 19,361.97 0.04
ROY.BK SCOT. 7.0916% (TV) 07-PERP 90,552.37 EUR 27,235.70 44,069.12 0.08
SG CAP TR 7.875% 00-PERP 40,425.16 EUR 36,620.44 39,414.54 0.07
SL MACS 5.314% 04-PERP 33,465.60 EUR 31,463.68 24,430.22 0.05
The accompanying notes form an integral part of these financial statements.
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