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
SEVAN MARINE FRN 07-24.10.12 1,460,952.66 NOK 133,979.43 183,037.47 0.12
Page
120
Quantity /
Face value
Currency
455,037.28
516,315.04 0.34
SEK
SAS 13.5% 10-14.05.12 730,476.33 SEK 75,469.59 79,648.72 0.05
75,469.59
Cost Market Value % net assets
79,648.72 0.05
USD
ALLIS CHALMERS 8.5% 07-01.03.17 126,094.13 USD 61,345.11 88,733.95 0.06
ALLIS-CHALMERS EN. 9% 06-15.01.14 30,366.94 USD 17,875.77 22,950.49 0.02
AMER INTL 5.6% 06-18.10.16 TR27 MTN 280,086.38 USD 123,315.98 210,070.49 0.14
ARGENTINA 03-31.12.38 STEP-UP 184,204.09 USD 52,965.24 53,550.32 0.04
ARGENTINA 8.28% 03-31.12.33 PIK 178,262.02 USD 133,669.46 125,136.09 0.08
BERTIN 10.25% 06-05.10.16 REGS 2,174.04 USD 1,551.99 1,887.27 -
BNPP 7.195% 07-PERP 700,215.94 USD 507,637.12 498,767.53 0.33
BRAZIL 10.5% 04-14.07.14 59,420.67 USD 53,355.37 61,698.07 0.04
BRAZIL 11% 00-17.08.40 148,551.69 USD 146,376.40 162,240.30 0.11
BULGARIA 8.25% 02-15.01.15 REGS 74,275.84 USD 67,251.46 68,297.68 0.05
CHILE 5.5% 03-15.01.13 89,131.01 USD 62,360.28 79,376.97 0.05
CHINA EXIMBK 5.25% 04-29.07.14 REGS 106,957.21 USD 72,670.85 96,221.63 0.06
CODELCO 5.625% 05-21.09.35 REGS 59,420.67 USD 37,878.36 49,888.12 0.03
COLOMBIA 10% 01-23.01.12 41,594.47 USD 32,765.59 38,022.84 0.03
COLOMBIA 8.125% 04-21.05.24 47,536.54 USD 37,701.06 47,885.42 0.03
COLUMBIA 11.75% 00-25.02.20 95,073.08 USD 95,260.05 114,649.00 0.08
CROATIA 6.75% 09-05.11.19 REGS 59,420.67 USD 39,421.01 50,286.86 0.03
DDI HOLDING AS 9.3% 06-19.01.12 319,659.96 USD 164,929.20 250,243.46 0.17
DDI HOLDING 9.3% 06-26.04.12 5,690.67 USD 3,310.17 4,524.51 -
DIDON TUNISIA FRN 07-13.03.12 88,700.70 USD 56,449.61 65,460.44 0.04
DNO INTL 6.445% 08-12.10.12 173,922.94 USD 102,142.36 130,481.20 0.09
DYCOM INVESTMENTS 8.125% 05-15.10.15 8,696.15 USD 6,213.59 6,985.00 -
ECUADOR 12% 00-15.11.12 REGS/DEFAULT 71,304.81 USD 19,630.34 5,930.92 -
EL SALVADOR 7.65% 05-15.06.35 REG 59,420.67 USD 46,139.07 51,059.72 0.03
EL SALVADOR 7.75% 02-24.01.23 REG 86,159.98 USD 63,259.55 77,426.65 0.05
EL SALVADOR 8.5% 01-25.07.11 REG 29,710.34 USD 21,961.39 25,590.43 0.02
FUERST CAP FRN 09-PERP 742,565.63 USD 526,519.80 488,059.93 0.32
HERO 10.5% 09-15.10.17 52,176.88 USD 39,256.92 37,761.54 0.03
IKON OFF.SOL. 6.75% 05-01.12.25 787,742.94 USD 568,353.00 702,131.86 0.48
INDALEX HLD 11.5% 06-01.02.14 B 59,307.72 USD 37,709.76 1,329.99 -
INDONESIA 6.75% 04-10.03.14/REG 136,667.55 USD 94,534.72 123,009.71 0.08
INDONESIA 7.5% 05-15.01.16 REGS 59,420.67 USD 34,332.24 56,208.09 0.04
INDONESIA 8.5% 05-12.10.35 REGS 118,841.35 USD 93,535.38 122,470.65 0.08
ING CAP FDING III 8.439% PERP 234,795.96 USD 135,443.04 167,533.61 0.11
INTL COAL 9.125% 10-01.04.18 33,914.97 USD 25,756.74 27,746.00 0.02
IRAQ 5.8% 06-15.1.28 STEP-UP 148,551.69 USD 75,771.09 98,582.21 0.07
KAZMUNAIGAZ FIN. 8.375% 08-02.07.13 REG 148,551.69 USD 105,638.32 130,849.61 0.09
KAZMUNAIGAZ FIN. 9.125% 08-02.07.18 REG 59,420.67 USD 43,521.39 55,950.41 0.04
KELLWOOD 7.625% 97-15.10.17 87,831.08 USD 56,615.12 39,285.13 0.03
LEBANON 8.25% 06-12.04.21 35,652.40 USD 22,062.13 32,817.77 0.02
LEBANON 9% 08-02.05.14 112,899.28 USD 74,900.23 105,856.31 0.07
LIBERTY M 7.8% 07-15.03.37 144A 166,531.21 USD 102,960.89 114,071.78 0.08
The accompanying notes form an integral part of these financial statements.