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
Cost Market Value % net assets
KELLWOOD 7.625% 97-15.10.17 44,063.88 USD 28,403.18 19,708.91 0.03
LEBANON 8.25% 06-12.04.21 24,347.60 USD 15,066.58 22,411.78 0.04
LEBANON 9% 08-02.05.14 77,100.72 USD 51,150.56 72,290.96 0.12
LIBERTY M 7.8% 07-15.03.37 144A 83,546.87 USD 51,654.34 57,228.55 0.10
MAJAPAHIT HLD 7.875% 07-29.06.37 REG 40,579.33 USD 23,640.70 33,889.97 0.06
MCMORAN EXP 11.875% 07-15.11.14 37,083.47 USD 23,761.65 30,947.02 0.05
MEXICO 6.75% 04-27.09.34 GLOB 129,853.84 USD 98,064.04 121,477.88 0.21
MEXICO 8.125% 01-30.12.19 81,158.65 USD 67,684.82 84,547.15 0.14
NORSKE SKOG.7.625% 01-11-144A 32,720.71 USD 20,579.50 25,615.43 0.04
OCEAN GRD 9.25% 05-10/DEFAULT 29,666.77 USD 1,655.22 1,182.99 -
OXFORD IND 11.375% 09-15.07.15 4,319.13 USD 3,155.14 3,883.10 0.01
PA RESOURCES 10% 06-20.06.11 133,500.48 USD 93,945.68 108,320.13 0.19
PANAMA 8.875% 97-30.09.27 101,448.31 USD 87,840.23 109,985.76 0.19
PANAMA 9.375% 99-01.04.29 41,796.70 USD 36,797.13 47,290.98 0.08
PERU 7.35% 05-21.07.25 121,737.98 USD 93,701.75 118,392.49 0.20
PERU 8.375% 04-03.05.16 31,246.08 USD 24,738.78 31,149.26 0.05
PERU 8.75% 03-21.11.33 30,434.49 USD 25,995.08 33,435.01 0.06
PETRO DEV 12% 08-15.02.18 56,715.89 USD 38,158.15 47,637.09 0.08
PETROL VENEZ 5.25% 07-12.04.17 188,493.86 USD 71,858.37 83,472.21 0.14
PETROLEOS VEN. 5.375% 07-12.04.27 243,475.95 USD 67,604.12 89,000.46 0.15
PETRONA CAP. 7% 02-22.05.12 142,027.64 USD 105,225.28 126,510.69 0.22
PETROPLUS FIN 9.375% 9-15.09.19 61,078.65 USD 39,165.97 42,834.25 0.07
PETROQUEST 10.375% 05-15.05.12 26,176.56 USD 17,917.70 21,639.48 0.04
PHILIPPINES 7.5% 06-25.09.24 GLOBAL 121,737.98 USD 90,506.81 116,231.32 0.20
PHILIPPINES 9.375% 02-18.01.17 101,448.31 USD 91,216.68 105,787.35 0.18
P2021 RIG 13.5% 09-15.12.13 52,353.13 USD 39,870.41 43,118.86 0.07
P2021 13.5% 09-15.12.13 REGS 17,451.04 USD 11,795.76 14,728.72 0.03
REP.DOMINIC. 9.04% 05-23.01.18 REG/PIK 40,579.33 USD 27,899.60 40,010.46 0.07
REP.URUGUAY 8% 05-18.11.22 77,100.72 USD 58,983.67 75,849.55 0.13
RURAIL 5.739% 10-03.04.17 101,448.31 USD 80,035.69 81,517.94 0.14
RUSS.AGRIC. 7.175% 06-16.05.13 REG 121,737.98 USD 85,132.38 105,000.62 0.18
RUSSIA 7.5% 00-31.03.30 REG/STEP-UP 166,375.23 USD 117,616.97 140,545.90 0.25
SEVAN MARINE AS TV 07-14.05.13 54,970.79 USD 34,592.40 36,981.90 0.06
SEVAN 9.25% 06-20.12.11 117,794.54 USD 72,157.83 94,616.02 0.16
SKDP 1 LTD 12% 10-19.05.17 74,166.93 USD 58,254.67 60,782.65 0.10
STORA ENSO 7.25% 06-15.04.36 36,647.19 USD 21,793.31 23,907.49 0.04
STORA ENSO 7.25% 06-15.04.36 144A 74,385.07 USD 45,631.28 48,678.15 0.08
TEPPCO 7% (TV) 07-01.06.67 7,852.97 USD 4,951.13 5,635.34 0.01
TRISTAN OIL 10.5% 06-01.01.12 17,451.04 USD 9,102.99 8,740.54 0.01
TURKEY 6.875% 06-17.03.36 28,405.53 USD 18,814.38 23,900.21 0.04
TURKEY 7% 06-26.09.16 GLOBAL 121,737.98 USD 86,032.24 110,688.94 0.19
TURKEY 7.25% 04-15.03.15 73,042.79 USD 52,565.44 66,621.83 0.11
UKRAINE 6.385% 07-26.06.12 REGS 40,579.33 USD 27,397.78 32,644.14 0.06
UKRAINE 6.75% 07-14.11.17 144A 40,579.33 USD 27,518.87 30,609.05 0.05
UKRAINE 7.65% 03-11.06.13 REG 40,579.33 USD 22,692.37 33,514.42 0.06
ULTRAPETROL 9% 05-24.11.14 21,813.80 USD 14,121.74 17,255.55 0.03
UNIFI 11.5% 07-15.05.14 130,882.82 USD 85,180.47 108,926.91 0.19
UPM-KYMMENE 7.45% 97-27 144A 117,794.54 USD 77,434.74 81,648.34 0.14
URUGUAY 7.875% 03-15.01.33 PIK 52,753.12 USD 40,346.52 50,942.06 0.09
The accompanying notes form an integral part of these financial statements.
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