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

Sparinvest SICAV
SPARINVEST - SECURUS
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
Quantity /
Face value
Currency
EUREKO BV 6% 06-PERP 239,945.70 EUR 212,880.81 182,701.85 0.31
EUROHYPO CAP 6.445% 03-23.05.33 11,097.71 EUR 11,209.19 4,418.28 0.01
FINLAND 3.875% 06-15.09.17 156,104.51 EUR 159,699.60 172,276.94 0.29
FORTIS BK 6.5% 01-PERP 77,683.98 EUR 70,592.55 73,917.55 0.13
FURSTENB.CAP II 5.625% 05-PERP 22,195.42 EUR 19,014.15 12,862.25 0.02
GENERALI F. 5.317% (TV) 06-PERP 22,195.42 EUR 21,268.54 18,732.94 0.03
GERMANY 2.5% 10-27.02.15 1,000,000.00 EUR 1,016,820.00 1,048,300.00 1.79
GERMANY 3.25% 09-04.01.20 2,024,418.04 EUR 2,105,317.90 2,148,109.99 3.68
GERMANY 4.25% 04-04.07.14 1,753,669.83 EUR 1,912,620.44 1,963,233.37 3.36
GERMANY 4.25% 07-04.07.39 546,365.79 EUR 636,544.24 644,602.36 1.10
GERMANY 4.25% 07-12.10.12 S.151 1,700,000.00 EUR 1,806,420.00 1,839,910.00 3.15
GREECE 4.3% 09-20.03.12 4,285,391.92 EUR 4,249,214.42 3,914,276.98 6.70
GROUPAMA SA 6.298% 07-PERP 119,975.92 EUR 97,791.28 77,084.53 0.13
GROUPAMA SA 7.875% 09-27.10.39 110,977.12 EUR 117,635.75 105,289.54 0.18
HT1 FDG 6.352% (TV) 06-PERP 74,909.55 EUR 68,691.40 44,216.11 0.08
HVB FDG TR 7.055% 02-PERP 244,995.37 EUR 209,040.67 199,364.99 0.34
HYBRID RAISING 6.625% 04-PERP 106,838.16 EUR 61,966.13 14,957.35 0.03
IF SKADEFORS. 4.943% (TV) 05-PERP 22,195.42 EUR 20,780.47 18,311.22 0.03
INTESA FRN 09-PERP 106,096.59 EUR 106,616.60 97,449.71 0.17
IRELAND 3.9% 09-05.03.12 1,000,000.00 EUR 1,038,490.00 1,020,100.00 1.75
IRELAND 4% 08-11.11.11 1,500,000.00 EUR 1,566,825.00 1,537,950.00 2.63
IRELAND 4% 09-15.01.14 1,400,000.00 EUR 1,436,932.00 1,404,760.00 2.40
IRELAND 5.9% 09-18.10.19 487,826.60 EUR 524,008.69 504,217.57 0.86
ITALY 4% 05-01.02.37 BTP 585,391.92 EUR 498,279.74 509,876.36 0.87
ITALY 4.25% 03-01.02.19 BTP 390,261.28 EUR 395,724.93 399,705.60 0.68
ITALY 4.5% 08-01.08.18 BTP 390,261.28 EUR 393,551.18 408,330.37 0.70
KOMM.LDSPENS. 5.25% (TV) 06-PERP 48,829.93 EUR 46,412.85 45,266.81 0.08
LBG CAP2 15% 09-21.12.19 177,558.61 EUR 188,979.89 205,302.14 0.35
LINDE FIN. 7.375% (TV) 06-14.07.66 44,390.85 EUR 46,061.31 47,722.38 0.08
MAIN CAPITAL FD 5.5% 05-PERP 38,841.99 EUR 31,850.43 24,232.55 0.04
MOL HU O&G 5.875% 10-20.04.17 83,232.84 EUR 82,564.48 75,325.72 0.13
NORSKE SKOGIND 7% 07-26.06.17 101,652.33 EUR 62,706.75 66,439.02 0.11
PEMEX 5.5% 09-09.01.17 121,737.98 EUR 120,899.20 125,350.79 0.21
ROY.BK SCOT. 7.0916% (TV) 07-PERP 78,529.69 EUR 43,998.44 42,872.31 0.07
SL MACS 5.314% 04-PERP 281,724.06 EUR 238,481.99 210,757.76 0.36
SNS 11.25% 09-PERP 75,606.64 EUR 76,352.79 67,951.47 0.12
SOCGEN 9.375% (TV) 09-PERP/SUB 27,744.28 EUR 30,518.71 28,063.34 0.05
SPAIN 2.75% 09-30.04.12 1,445,130.64 EUR 1,444,971.67 1,446,142.23 2.47
ST.GENERALE 6.999% 07-PERP 27,744.28 EUR 25,524.74 23,282.17 0.04
STOREBRD LIV. 9.404% (TV) 08-PERP 110,977.12 EUR 108,082.06 115,138.76 0.20
THOMSON 5.75% (TV) 05-PERP 124,993.10 EUR 60,591.75 5,624.69 0.01
UBS AG JER 7.152% (TV) 07-PERP 33,293.14 EUR 34,311.91 29,963.82 0.05
VINCI 6.25% 06-PERP 22,195.42 EUR 21,448.99 21,641.87 0.04
26,518,346.87
26,040,406.74 44.55
GBP
AVIVA 5.9021% (TV) 04-PERP 115,339.88 GBP 107,540.52 104,441.26 0.18
FRIENDS PROV.6.875% 03-PERP 110,977.12 GBP 96,095.58 96,015.45 0.16
LBG CAP2 15% 09-21.12.19/SUB 69,804.17 GBP 93,815.14 98,633.93 0.17
297,451.24
The accompanying notes form an integral part of these financial statements.
Cost Market Value % net assets
299,090.64 0.51
Page
149