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
MAJAPAHIT HLD 7.875% 07-29.06.37 REG 59,420.67 USD 34,617.29 49,625.40 0.03
MCMORAN EXP 11.875% 07-15.11.14 73,917.25 USD 47,363.30 61,685.67 0.04
MEXICO 6.75% 04-27.09.34 GLOB 190,146.16 USD 143,596.07 177,881.17 0.12
MEXICO 8.125% 01-30.12.19 118,841.35 USD 99,111.49 123,803.17 0.08
NORSKE SKOG.7.625% 01-11-144A 65,221.10 USD 41,020.44 51,058.39 0.03
OCEAN GRD 9.25% 05-10/DEFAULT 59,133.80 USD 3,299.30 2,358.02 -
OXFORD IND 11.375% 09-15.07.15 8,609.19 USD 6,289.04 7,740.05 0.01
PA RESOURCES 10% 06-20.06.11 266,102.09 USD 187,258.81 215,910.94 0.14
PANAMA 8.875% 97-30.09.27 148,551.69 USD 128,625.25 161,053.14 0.11
PANAMA 9.375% 99-01.04.29 61,203.30 USD 53,882.38 69,248.61 0.05
PERU 7.35% 05-21.07.25 178,262.02 USD 137,208.33 173,363.20 0.12
PERU 8.375% 04-03.05.16 45,753.92 USD 36,225.21 45,612.14 0.03
PERU 8.75% 03-21.11.33 44,565.51 USD 38,064.83 48,959.18 0.03
PETRO DEV 12% 08-15.02.18 113,049.91 USD 76,059.37 94,953.44 0.06
PETROL VENEZ 5.25% 07-12.04.17 289,859.58 USD 111,443.11 128,360.78 0.09
PETROLEOS VEN. 5.375% 07-12.04.27 356,524.05 USD 98,993.33 130,324.18 0.09
PETRONA CAP. 7% 02-22.05.12 207,972.36 USD 154,082.33 185,250.75 0.12
PETROPLUS FIN 9.375% 9-15.09.19 121,746.06 USD 78,068.23 85,380.09 0.06
PETROQUEST 10.375% 05-15.05.12 52,176.88 USD 35,714.75 43,133.26 0.03
PHILIPPINES 7.5% 06-25.09.24 GLOBAL 178,262.02 USD 132,529.95 170,198.59 0.11
PHILIPPINES 9.375% 02-18.01.17 148,551.69 USD 133,569.42 154,905.38 0.10
P2021 RIG 13.5% 09-15.12.13 104,353.76 USD 79,472.37 85,947.40 0.06
P2021 13.5% 09-15.12.13 REGS 34,784.59 USD 23,512.11 29,358.27 0.02
REP.DOMINIC. 9.04% 05-23.01.18 REG/PIK 59,420.67 USD 40,853.65 58,587.69 0.04
REP.URUGUAY 8% 05-18.11.22 112,899.28 USD 86,370.32 111,067.19 0.07
RURAIL 5.739% 10-03.04.17 148,551.69 USD 117,196.98 119,367.45 0.08
RUSS.AGRIC. 7.175% 06-16.05.13 REG 178,262.02 USD 124,660.11 153,753.36 0.10
RUSSIA 7.5% 00-31.03.30 REG/STEP-UP 243,624.77 USD 172,227.61 205,802.63 0.14
SEVAN MARINE AS TV 07-14.05.13 109,571.45 USD 68,951.89 73,714.79 0.05
SEVAN 9.25% 06-20.12.11 234,795.96 USD 143,829.81 188,594.98 0.13
SKDP 1 LTD 12% 10-19.05.17 147,834.50 USD 116,117.11 121,156.05 0.08
STORA ENSO 7.25% 06-15.04.36 73,047.63 USD 43,439.88 47,654.01 0.03
STORA ENSO 7.25% 06-15.04.36 144A 148,269.30 USD 90,955.32 97,028.55 0.06
TEPPCO 7% (TV) 07-01.06.67 15,653.06 USD 9,868.92 11,232.73 0.01
TRISTAN OIL 10.5% 06-01.01.12 34,784.59 USD 18,144.69 17,422.23 0.01
TURKEY 6.875% 06-17.03.36 41,594.47 USD 27,550.06 34,997.29 0.02
TURKEY 7% 06-26.09.16 GLOBAL 178,262.02 USD 125,977.80 162,082.81 0.11
TURKEY 7.25% 04-15.03.15 106,957.21 USD 76,972.06 97,554.96 0.06
UKRAINE 6.385% 07-26.06.12 REGS 59,420.67 USD 40,118.83 47,801.10 0.03
UKRAINE 6.75% 07-14.11.17 144A 59,420.67 USD 40,296.13 44,821.11 0.03
UKRAINE 7.65% 03-11.06.13 REG 59,420.67 USD 33,228.64 49,075.48 0.03
ULTRAPETROL 9% 05-24.11.14 43,480.73 USD 28,148.40 34,394.92 0.02
UNIFI 11.5% 07-15.05.14 260,884.40 USD 169,787.42 217,120.40 0.14
UPM-KYMMENE 7.45% 97-27 144A 234,795.96 USD 154,348.11 162,746.94 0.11
URUGUAY 7.875% 03-15.01.33 PIK 77,246.88 USD 59,079.77 74,594.92 0.05
VENEZUELA 8.5% 04-08.10.14 GLOB 166,377.89 USD 106,341.49 105,989.08 0.07
7,838,818.86
Cost Market Value % net assets
9,223,701.85 6.14
Total - Bonds 36,138,838.77 36,990,316.27 24.62
The accompanying notes form an integral part of these financial statements.
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