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
EL SALVADOR 7.65% 05-15.06.35 REG 40,619.09 USD 31,539.99 27,956.98 0.05
EL SALVADOR 7.75% 02-24.01.23 REG 58,897.69 USD 43,243.30 43,569.29 0.08
EL SALVADOR 8.5% 01-25.07.11 REG 20,309.55 USD 15,012.48 15,014.08 0.03
FAIRFAX FIN.7.75% 04-26.04.12 44,620.79 USD 31,060.56 32,057.18 0.06
GIBRALTAR. IND. 8% 06-11.12.15/MUTLICP 45,114.48 USD 26,089.06 28,762.58 0.05
HYNIX SEMICO 7.875% 07-27.06.17 REGS 129,360.53 USD 64,326.53 78,757.16 0.15
IKON OFF.SOL. 6.75% 05-01.12.25 95,791.54 USD 62,870.48 64,363.70 0.12
INDALEX HLD 11.5% 06-01.02.14 B 27,569.96 USD 17,529.87
203.35 -
INDONESIA 6.75% 04-10.03.14/REG 93,423.92 USD 64,622.54 71,019.47 0.13
INDONESIA 7.5% 05-15.01.16 REGS 40,619.09 USD 23,469.01 31,937.92 0.06
INDONESIA 8.5% 05-12.10.35 REGS 81,238.19 USD 63,939.40 68,080.05 0.13
INTL COAL GRP 10.25% 06-15.07.14 78,457.16 USD 48,998.42 51,889.87 0.10
IRAQ 5.8% 06-15.1.28 STEP-UP 101,547.74 USD 51,796.00 54,676.02 0.10
KAZMUNAIGAZ FIN. 8.375% 08-02.07.13 REG 101,547.74 USD 72,212.79 76,135.19 0.14
KAZMUNAIGAZ FIN. 9.125% 08-02.07.18 REG 40,619.09 USD 29,750.58 31,372.64 0.06
LEBANON 7.125% 04-05.03.10 S.30 36,557.18 USD 23,923.56 25,647.41 0.05
LEBANON 8.25% 06-12.04.21 24,371.46 USD 15,081.35 18,738.79 0.03
LEBANON 9% 08-02.05.14 77,176.28 USD 51,200.69 60,682.04 0.11
LIBERTY M 7.8% 07-15.3.37 144A 77,414.19 USD 47,862.70 45,247.83 0.08
MAJAPAHIT HLD 7.875% 07-29.06.37 REG 40,619.09 USD 23,663.87 27,277.55 0.05
MCMORAN EXP 11.875% 07-15.11.14 66,701.52 USD 42,739.74 47,137.84 0.09
MEXICO 6.75% 04-27.09.34 GLOB 129,981.10 USD 98,160.15 95,445.19 0.18
MEXICO 8.125% 01-30.12.19 81,238.19 USD 67,751.15 69,245.93 0.13
NAVIOS MARITIM. 9.5% 07-15.12.14 6,063.77 USD 3,861.88 4,198.21 0.01
NAVIOS 8.875% 09-01.11.17 144A 8,085.03 USD 5,320.40 5,843.74 0.01
NORSKE SKOG.7.625% 01-11-144A 34,361.39 USD 21,611.40 22,534.61 0.04
OCEAN GRD 9.25% 05-10/DEFAULT 26,884.27 USD 1,533.72
935.33 -
OXFORD IND 11.375% 09-15.07.15 4,002.09 USD 2,923.54 3,063.22 0.01
PA RESOURCES 10% 06-20.06.11 54,978.22 USD 36,420.22 37,298.66 0.07
PANAMA 8.875% 97-30.09.27 101,547.74 USD 87,926.32 91,856.84 0.17
PANAMA 9.375% 99-01.04.29 41,837.67 USD 36,833.20 39,239.46 0.07
PERU 7.35% 05-21.07.25 121,857.28 USD 93,793.58 97,509.57 0.18
PERU 8.375% 04-03.05.16 44,681.00 USD 35,375.74 37,581.60 0.07
PERU 8.75% 03-21.11.33 30,464.32 USD 26,020.56 27,557.05 0.05
PETRO DEV 12% 08-15.02.18 63,710.06 USD 42,863.79 45,716.17 0.08
PETROL VENEZ 5.25% 07-12.04.17 345,262.30 USD 127,835.39 132,140.43 0.24
PETROLEOS VEN. 5.375% 07-12.04.27 243,714.57 USD 67,670.38 75,181.18 0.14
PETRONA CAP. 7% 02-22.05.12 142,166.83 USD 105,328.40 108,485.15 0.20
PETROPLUS FIN 9.375% 9-15.09.19 8,085.03 USD 5,459.12 5,597.61 0.01
PETROQUEST 10.375% 05-15.05.12 68,682.36 USD 47,012.64 48,208.83 0.09
PHI INC 7.125% 06-15.04.13 2,546.79 USD 1,688.98 1,710.08 -
PHILIPPINES 7.5% 06-25.09.24 GLOBAL 121,857.28 USD 90,595.51 95,575.27 0.18
PHILIPPINES 9.375% 02-18.01.17 101,547.74 USD 91,306.08 85,674.17 0.16
P2021 13.5% 09-15.12.13 REGS 16,170.07 USD 10,929.91 10,913.94 0.02
RBS GRP 9.118% 00-PERP 128,349.90 USD 60,535.34 81,270.85 0.15
REP.DOMINIC. 9.04% 05-23.01.18 REG/PIK 40,619.09 USD 27,926.95 33,613.92 0.06
REP.URUGUAY 8% 05-18.11.22 77,176.28 USD 59,041.47 61,444.59 0.11
RUSS.AGRIC. 7.175% 06-16.05.13 REG 121,857.28 USD 85,215.81 89,776.64 0.17
RUSSIA 7.5% 00-31.03.30 REG/STEP-UP 232,909.89 USD 178,970.49 182,726.85 0.33
SEVAN MARINE AS TV 07-14.05.13 46,084.69 USD 29,675.04 25,172.38 0.05
SEVAN 9.25% 06-20.12.11 109,147.95 USD 66,861.15 71,010.91 0.13
The accompanying notes form an integral part of these financial statements.
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