Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...

Sparinvest SICAV
SPARINVEST - PROCEDO
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
Quantity /
Face value
Currency
EUROHYPO CAP 6.445% 03-23.05.33 35,010.80 EUR 35,362.48 13,938.67 0.01
FINLAND 3.875% 06-15.09.17 643,895.49 EUR 658,724.40 710,603.06 0.47
FORTIS BK 6.5% 01-PERP 245,075.58 EUR 222,703.68 233,193.33 0.16
FURSTENB.CAP II 5.625% 05-PERP 70,021.59 EUR 59,985.40 40,577.51 0.03
GENERALI F. 5.317% (TV) 06-PERP 70,021.59 EUR 67,097.49 59,098.23 0.04
GERMANY 3.25% 09-04.01.20 2,575,581.96 EUR 2,589,820.10 2,732,950.01 1.81
GERMANY 4.25% 04-04.07.14 1,046,330.17 EUR 1,127,487.56 1,171,366.63 0.78
GERMANY 4.25% 07-04.07.39 2,253,634.21 EUR 2,625,599.76 2,658,837.64 1.76
GREECE 4.3% 09-20.03.12 2,414,608.08 EUR 2,409,730.58 2,205,503.02 1.46
GROUPAMA SA 6.298% 07-PERP 239,144.04 EUR 194,924.13 153,650.04 0.10
GROUPAMA SA 7.875% 09-27.10.39 350,107.97 EUR 371,114.45 332,164.94 0.22
HT1 FDG 6.352% (TV) 06-PERP 236,322.88 EUR 216,705.98 139,491.94 0.09
HVB FDG TR 7.055% 02-PERP 681,692.60 EUR 583,738.88 554,727.35 0.37
HYBRID RAISING 6.625% 04-PERP 298,031.59 EUR 172,858.32 41,724.43 0.03
IF SKADEFORS. 4.943% (TV) 05-PERP 70,021.59 EUR 65,557.72 57,767.82 0.04
INTESA FRN 09-PERP 275,929.29 EUR 281,198.06 253,441.06 0.17
IRELAND 5.9% 09-18.10.19 2,012,173.40 EUR 2,161,416.31 2,079,782.43 1.38
ITALY 4% 05-01.02.37 BTP 2,414,608.08 EUR 2,055,290.26 2,103,123.64 1.40
ITALY 4.25% 03-01.02.19 BTP 1,609,738.72 EUR 1,632,275.07 1,648,694.40 1.10
ITALY 4.5% 08-01.08.18 BTP 1,609,738.72 EUR 1,623,308.82 1,684,269.63 1.12
KOMM.LDSPENS. 5.25% (TV) 06-PERP 154,047.51 EUR 146,422.16 142,806.66 0.10
LBG CAP2 15% 09-21.12.19 418,372.18 EUR 419,933.64 483,742.82 0.32
LINDE FIN. 7.375% (TV) 06-14.07.66 140,043.19 EUR 145,313.12 150,553.43 0.10
MAIN CAPITAL FD 5.5% 05-PERP 122,537.79 EUR 100,480.99 76,448.26 0.05
MOL HU O&G 5.875% 10-20.04.17 262,580.98 EUR 260,472.45 237,635.79 0.16
NORSKE SKOGIND 7% 07-26.06.17 202,620.22 EUR 124,991.29 132,430.70 0.09
PEMEX 5.5% 09-09.01.17 178,262.02 EUR 177,033.80 183,552.31 0.12
ROY.BK SCOT. 7.0916% (TV) 07-PERP 156,530.64 EUR 87,700.64 85,455.95 0.06
SL MACS 5.314% 04-PERP 819,353.15 EUR 698,947.04 612,958.10 0.41
SNS 11.25% 09-PERP 150,704.22 EUR 152,191.48 135,445.42 0.09
SOCGEN 9.375% (TV) 09-PERP/SUB 87,526.99 EUR 96,279.69 88,533.55 0.06
SPAIN 2.75% 09-30.04.12 804,869.36 EUR 804,780.83 805,432.77 0.54
ST.GENERALE 6.999% 07-PERP 87,526.99 EUR 80,524.83 73,450.03 0.05
STOREBRD LIV. 9.404% (TV) 08-PERP 350,107.97 EUR 340,974.72 363,237.02 0.24
THOMSON 5.75% (TV) 05-PERP 249,144.61 EUR 120,775.53 11,211.51 0.01
UBS AG JER 7.152% (TV) 07-PERP 105,032.39 EUR 108,246.38 94,529.15 0.06
VINCI 6.25% 06-PERP 70,021.59 EUR 67,666.77 68,275.26 0.05
26,944,476.64
26,346,239.44 17.54
GBP
AVIVA 5.9021% (TV) 04-PERP 358,804.12 GBP 334,877.72 324,900.24 0.22
FRIENDS PROV.6.875% 03-PERP 350,107.97 GBP 303,160.06 302,907.24 0.20
LBG CAP2 15% 09-21.12.19/SUB 139,138.35 GBP 186,998.62 196,603.74 0.13
825,036.40
Cost Market Value % net assets
824,411.22 0.55
NOK
DDI HOLDING 10% 06-15.03.12 104,353.76 NOK 12,482.56 12,598.38 0.01
NORECO 12.9% 09-20.11.14 2,243,605.88 NOK 268,303.40 285,678.21 0.19
ROCKSOURCE ASA FRN 07-04.05.12 321,757.43 NOK 40,271.89 35,000.98 0.02
The accompanying notes form an integral part of these financial statements.
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