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
NOK
DDI HOLDING 10% 06-15.03.12 52,353.13 NOK 6,262.36 6,320.47 0.01
NORECO 12.9% 09-20.11.14 1,125,592.29 NOK 134,604.85 143,321.61 0.24
ROCKSOURCE ASA FRN 07-04.05.12 161,422.15 NOK 20,203.96 17,559.61 0.03
SEVAN MARINE FRN 07-24.10.12 732,943.82 NOK 67,216.00 91,827.88 0.16
Page
150
Quantity /
Face value
Currency
228,287.17
259,029.57 0.44
SEK
SAS 13.5% 10-14.05.12 366,471.91 SEK 37,862.26 39,958.88 0.07
37,862.26
Cost Market Value % net assets
39,958.88 0.07
USD
ALLIS CHALMERS 8.5% 07-01.03.17 63,260.03 USD 30,776.17 44,516.84 0.08
ALLIS-CHALMERS EN. 9% 06-15.01.14 15,234.76 USD 8,968.08 11,514.01 0.02
AMER INTL 5.6% 06-18.10.16 TR27 MTN 88,781.69 USD 39,088.66 66,588.08 0.11
ARGENTINA 03-31.12.38 STEP-UP 125,795.91 USD 36,170.80 36,570.37 0.06
ARGENTINA 8.28% 03-31.12.33 PIK 121,737.98 USD 91,285.00 85,457.43 0.15
BERTIN 10.25% 06-05.10.16 REGS 1,090.69 USD 778.61
946.82 -
BNPP 7.195% 07-PERP 221,954.24 USD 160,910.66 158,099.18 0.28
BRAZIL 10.5% 04-14.07.14 40,579.33 USD 36,437.23 42,134.60 0.07
BRAZIL 11% 00-17.08.40 101,448.31 USD 99,962.77 110,796.48 0.19
BULGARIA 8.25% 02-15.01.15 REGS 50,724.16 USD 45,927.10 46,641.57 0.08
CHILE 5.5% 03-15.01.13 60,868.99 USD 42,586.82 54,207.80 0.09
CHINA EXIMBK 5.25% 04-29.07.14 REGS 73,042.79 USD 49,628.08 65,711.29 0.11
CODELCO 5.625% 05-21.09.35 REGS 40,579.33 USD 25,867.74 34,069.39 0.06
COLOMBIA 10% 01-23.01.12 28,405.53 USD 22,376.14 25,966.40 0.04
COLOMBIA 8.125% 04-21.05.24 32,463.46 USD 25,746.65 32,701.71 0.06
COLUMBIA 11.75% 00-25.02.20 64,926.92 USD 65,054.61 78,295.63 0.13
CROATIA 6.75% 09-05.11.19 REGS 40,579.33 USD 26,921.24 34,341.70 0.06
DDI HOLDING AS 9.3% 06-19.01.12 160,369.87 USD 82,743.16 125,544.38 0.21
DDI HOLDING 9.3% 06-26.04.12 2,854.95 USD 1,660.68 2,269.90 -
DIDON TUNISIA FRN 07-13.03.12 44,500.16 USD 28,320.15 32,840.77 0.06
DNO INTL 6.445% 08-12.10.12 87,255.22 USD 51,243.69 65,460.98 0.11
DYCOM INVESTMENTS 8.125% 05-15.10.15 4,362.76 USD 3,117.29 3,504.30 0.01
ECUADOR 12% 00-15.11.12 REGS/DEFAULT 48,695.19 USD 13,405.87 4,050.32 0.01
EL SALVADOR 7.65% 05-15.06.35 REG 40,579.33 USD 31,509.11 34,869.50 0.06
EL SALVADOR 7.75% 02-24.01.23 REG 58,840.02 USD 43,200.96 52,875.89 0.09
EL SALVADOR 8.5% 01-25.07.11 REG 20,289.66 USD 14,997.79 17,476.11 0.03
FUERST CAP FRN 09-PERP 275,534.70 USD 195,410.02 181,098.40 0.32
HERO 10.5% 09-15.10.17 26,176.56 USD 19,694.76 18,944.55 0.03
IKON OFF.SOL. 6.75% 05-01.12.25 249,698.52 USD 180,156.36 222,561.54 0.39
INDALEX HLD 11.5% 06-01.02.14 B 29,754.03 USD 18,918.57
667.24 -
INDONESIA 6.75% 04-10.03.14/REG 93,332.45 USD 64,559.27 84,005.29 0.14
INDONESIA 7.5% 05-15.01.16 REGS 40,579.33 USD 23,446.04 38,385.40 0.07
INDONESIA 8.5% 05-12.10.35 REGS 81,158.65 USD 63,876.80 83,637.15 0.14
ING CAP FDING III 8.439% PERP 117,794.54 USD 67,950.28 84,049.76 0.14
INTL COAL 9.125% 10-01.04.18 17,014.77 USD 12,921.87 13,919.86 0.02
IRAQ 5.8% 06-15.1.28 STEP-UP 101,448.31 USD 51,745.29 67,323.36 0.12
KAZMUNAIGAZ FIN. 8.375% 08-02.07.13 REG 101,448.31 USD 72,142.09 89,359.29 0.15
KAZMUNAIGAZ FIN. 9.125% 08-02.07.18 REG 40,579.33 USD 29,721.45 38,209.42 0.07
The accompanying notes form an integral part of these financial statements.