l1_bond run 01-20-2011

For Institutional Investor Use Only

Email: [email protected]: +305-808-9850

Prices as of 1/20/2011 and are Subject to Change777 BRICKELL AVE, SUITE 1010 -- MIAMI 33131

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Security Description ISIN Maturity Coupon CcyS&P RTG Bid Ask

ASK YTM %

Amt Outstanding (Millions)

ARGENTINA SovsBONAR V ARARGE03F243 3/28/2011 7.00 USD B 102.55 102.90 3.28 1,500,000.00 CITY OF BUENOS XS0074563015 4/11/2011 7.88 USD B 101.00 101.75 -0.30 83,350.00 BODEN 2012 ARARGE034678 8/3/2012 0.68 USD B 23.80 23.85 5.42 4,353,303.00 BODEN 2013 US$ ARARGE035709 4/30/2013 0.45 USD B 35.15 35.75 4.38 728,178.75 BODEN 2013 US$ ARARGE035709 4/30/2013 0.45 USD B 35.15 35.75 4.38 728,178.75 BONAR VII ARARGE03F342 9/12/2013 7.00 USD B 101.25 101.75 7.34 2,000,000.00 BODEN 2014 ARARGE03E931 9/30/2014 2.00 ARS B 42.50 42.50 3.67 7,443,567.00 PROV DEL NEUQUEN USP7920CAB48 10/18/2014 8.66 USD B 106.00 107.00 6.53 139,000.00 CITY OF BUENOS XS0500321756 4/6/2015 12.50 USD/A N/A 114.00 115.00 8.20 475,000.00 BODEN 2015 ARARGE03F144 10/3/2015 7.00 USD B 97.15 97.45 8.23 5,817,658.00 PROV BUENOS AIRE XS0234087590 4/15/2017 9.25 USD B 95.50 96.25 10.07 325,923.45 BONAR X ARARGE03F441 4/17/2017 7.00 USD/A N/A 91.25 92.75 8.94 6,855,447.00 ARGENT GLOBAL XS0501195480 6/2/2017 8.75 USD/A N/A 92.00 93.50 10.16 950,499.73 BOGAR 2018 ARBNAC030255 2/4/2018 2.00 ARS/A N/A 41.50 41.75 5.04 11,821,634.00 PROV BUENOS AIRE XS0270992380 9/14/2018 9.38 USD B 93.00 94.00 10.53 475,000.00 PROV BUENOS AIRE XS0290125391 4/18/2028 9.63 USD B 90.50 92.00 10.64 400,000.00 ARGENT-$DIS US040114GL81 12/31/2033 8.28 USD B 93.25 94.25 8.88 3,048,490.00 ARGENT-€DIS XS0205545840 12/31/2033 7.82 EUR B 81.85 82.85 9.75 2,263,500.00 ARGENT-$DIS XS0501194756 12/31/2033 8.28 USD/A N/A 93.00 95.00 8.80 957,395.49 PROV BUENOS AIRE XS0234084738 5/15/2035 4.00 USD B 48.25 49.25 9.30 446,452.17 ARGENT-GDP US040114GM64 12/15/2035 VARIABLE USD/A N/A 15.80 16.50 #N/A Fiel 14,386,423.01 ARGENT-GDP ARARGE03E147 12/15/2035 VARIABLE ARS/A N/A 3.75 3.90 #N/A Fiel 59,489.27 ARGENT-$PAR US040114GK09 12/31/2038 2.50 USD B 44.70 45.25 8.38 5,296,692.87 ARGENT-€PAR XS0205537581 12/31/2038 2.26 EUR B 38.75 39.65 8.75 5,034,916.41




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ASK YTM %


BRAZIL SovsBRAZIL REP OF XS0123149733 1/24/2011 9.50 EUR BBB- 100.00 100.06 2.01 1,000,000.00 BRAZIL REP OF US105756AY60 8/7/2011 10.00 USD BBB- 104.40 105.00 0.64 666,557.00 BRAZIL DEV FUND USG1317RAA70 12/12/2011 9.63 USD/A N/A 106.75 107.75 0.80 300,000.00 BRAZIL REP OF US105756AT75 1/11/2012 11.00 USD BBB- 109.00 109.50 1.07 889,689.00 BRAZIL REP OF XS0201110037 9/24/2012 8.50 EUR BBB- 110.05 110.35 2.10 1,000,000.00 BRAZIL REP OF US105756AX87 6/17/2013 10.25 USD BBB- 119.75 120.50 1.51 1,039,348.00 BRAZIL REP OF US105756BD15 7/14/2014 10.50 USD BBB- 127.75 128.75 1.90 794,607.00 BRAZIL REP OF XS0211229637 2/3/2015 7.38 EUR BBB- 115.50 116.25 3.03 800,000.00 BRAZIL REP OF US105756BG46 3/7/2015 7.88 USD BBB- 120.00 121.00 2.48 1,769,383.00 BRAZIL REP OF US105756BJ84 1/5/2016 12.50 BRL BBB- 117.00 117.75 8.07 3,400,000.00 BRAZIL REP OF US105756BM14 1/17/2017 6.00 USD BBB- 114.00 114.50 3.31 2,505,537.00 BRAZIL REP OF US105756BH29 1/15/2018 8.00 USD BBB- 118.00 118.50 4.84 2,848,432.00 BRAZIL REP OF US105756BQ28 1/15/2019 5.88 USD BBB- 112.25 113.25 3.92 2,300,000.00 BRAZIL REP OF US105756BE97 10/14/2019 8.88 USD BBB- 134.00 135.00 4.07 1,332,530.00 BRAZIL REP OF US105756AK66 1/15/2020 12.75 USD BBB- 162.00 165.00 4.04 683,215.00 BRAZIL REP OF US105756BS83 1/22/2021 4.88 USD/A N/A 103.75 104.00 4.38 1,537,500.00 BRAZIL REP OF US105756BL31 1/5/2022 12.50 BRL BBB- 119.50 120.50 9.45 3,000,000.00 BRAZIL-GLOBAL BD US105756AR10 4/15/2024 8.88 USD BBB- 138.50 139.50 4.80 1,816,696.00 BRAZIL REP OF US105756BF62 2/4/2025 8.75 USD BBB- 138.00 139.00 4.88 1,861,927.00 BRAZIL-GLOBAL BD US105756AE07 5/15/2027 10.13 USD BBB- 152.00 153.00 5.25 2,786,611.00 BRAZIL REP OF US105756BN96 1/10/2028 10.25 BRL BBB- 104.00 104.50 9.70 4,887,500.00 BRAZIL REP OF US105756AL40 3/6/2030 12.25 USD BBB- 182.00 185.00 5.19 844,211.00 BRAZIL REP OF US105756BB58 1/20/2034 8.25 USD BBB- 135.50 136.50 5.45 2,406,990.00 BRAZIL REP OF US105756BK57 1/20/2037 7.13 USD BBB- 121.00 122.00 5.52 3,013,304.00 BRAZIL FED REPUB US105756AP53 8/17/2040 11.00 USD BBB- 136.25 136.60 7.81 4,052,311.00 BRAZIL REP OF US105756BR01 1/7/2041 5.63 USD BBB- 100.50 101.00 5.56 1,825,000.00




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ASK YTM %


COLOMBIA SovsCOLOMBIA REP OF US195325AU91 2/25/2020 11.75 USD BBB- 152.00 154.00 4.46 796,059.00 COLOMBIA REP OF US195325AY14 1/23/2012 10.00 USD BBB- 108.30 108.80 1.10 900,000.00 COLOMBIA REP OF US195325BA29 1/15/2013 10.75 USD BBB- 117.00 117.75 1.59 750,000.00 COLOMBIA REP OF US195325BB02 1/28/2033 10.38 USD BBB- 150.00 153.00 6.00 340,511.00 COLOMBIA REP OF US195325BD67 5/21/2024 8.13 USD BBB- 128.00 129.50 5.05 1,000,000.00 COLOMBIA REP OF US195325BE41 12/22/2014 8.25 USD BBB- 119.85 120.60 2.67 1,000,000.00 COLOMBIA REP OF US195325BH71 11/16/2015 2.09 USD BBB- 101.50 102.50 1.57 400,000.00 COLOMBIA REP OF US195325BJ38 1/27/2017 7.38 USD BBB- 119.50 120.50 3.56 1,650,000.00 COLOMBIA REP OF US195325BK01 9/18/2037 7.38 USD BBB- 121.26 122.24 5.75 1,818,400.00 COLOMBIA REP OF US195325BL83 3/18/2019 7.38 USD BBB- 121.00 122.50 4.10 2,000,000.00 COLOMBIA REP OF US195325BM66 1/18/2041 6.13 USD BBB- 104.51 105.00 5.77 1,000,000.00




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ASK YTM %


VENEZUELA All IssuesVENEZUELA USP97475AE09 4/20/2011 1.30 USD BB- 99.20 99.95 1.52 1,000,000.00 PETROLEOS DE VEN XS0444611296 7/10/2011 0.00 USD/A N/A 95.75 96.25 8.45 2,450,061.00 VENEZUELA US922646BJ29 9/19/2013 10.75 USD BB- 95.25 96.50 12.32 1,487,389.00 VENEZUELA US922646BM57 10/8/2014 8.50 USD BB- 85.50 86.25 13.31 1,500,000.00 PETROLEOS DE VEN XS0460546442 10/28/2014 4.90 USD/A N/A 65.00 65.75 17.76 3,000,000.00 PETROLEOS DE VEN XS0460546525 10/28/2015 5.00 USD/A N/A 59.00 59.75 17.91 1,413,224.80 VENEZUELA USP97475AF73 2/26/2016 5.75 USD BB- 71.50 73.00 13.20 1,500,057.00 PETROLEOS DE VEN XS0460546798 10/28/2016 5.13 USD/A N/A 54.40 55.40 17.81 434,838.40 PETROLEOS DE VEN XS0294364103 4/12/2017 5.25 USD B+ 59.00 60.00 15.50 3,000,000.00 PETROLEOS DE VEN USP7807HAK16 11/2/2017 8.50 USD B+ 68.50 69.00 16.19 3,000,000.00 VENEZUELA USP97475AD26 12/1/2018 7.00 USD BB- 66.50 67.25 14.00 1,000,000.00 VENEZUELA USP97475AN08 10/13/2019 7.75 USD BB- 68.25 69.25 13.95 2,495,963.00 VENEZUELA USP97475AG56 12/9/2020 6.00 USD BB- 59.00 60.00 13.43 1,500,057.00 VENEZUELA USP17625AC16 8/23/2022 12.75 USD BB- 88.50 89.00 14.75 3,000,000.00 VENEZUELA USP17625AA59 5/7/2023 9.00 USD BB- 69.25 70.00 14.23 2,000,000.00 VENEZUELA USP97475AP55 10/13/2024 8.25 USD BB- 65.00 66.25 13.79 2,495,963.00 VENEZUELA XS0217249126 4/21/2025 7.65 USD BB- 61.60 62.50 13.70 1,599,817.00 PETROLEOS DE VEN XS0294364954 4/12/2027 5.38 USD B+ 47.00 47.75 13.31 3,000,000.00 VENEZUELA US922646AS37 9/15/2027 9.25 USD BB- 75.00 75.75 12.80 4,000,000.00 VENEZUELA USP17625AB33 5/7/2028 9.25 USD BB- 68.50 69.50 13.96 2,000,000.00 VENZOD - 189000 US922646BL74 1/13/2034 9.38 USD BB- 68.75 70.25 13.64 1,500,000.00 PETROLEOS DE VEN XS0294367205 4/12/2037 5.50 USD B+ 46.00 47.25 12.27 1,500,000.00 VENEZUELA USP97475AJ95 3/31/2038 7.00 USD BB- 56.25 57.25 12.58 1,250,003.00




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MEXICO SovsMEXICAN UTD STS US91086QAH11 1/14/2012 7.50 USD BBB 106.00 107.00 0.28 864,137.00 MEXICAN UTD STS US91086QAK40 1/16/2013 6.38 USD BBB 110.05 110.75 0.88 1,191,414.00 MEXICAN UTD STS US91086QAQ10 1/15/2014 5.88 USD BBB 110.75 111.55 1.87 1,291,108.00 UNITED MEXICAN US91086QAX60 2/17/2014 5.88 USD BBB 110.70 111.65 1.94 1,500,000.00 MEXICAN UTD STS US91086QAL23 3/3/2015 6.63 USD BBB 115.45 116.50 2.38 1,343,649.00 MEXICAN UTD STS US593048BA88 9/15/2016 11.38 USD BBB 142.85 144.15 2.85 1,681,197.00 MEXICAN UTD STS US91086QAU22 1/15/2017 5.63 USD BBB 111.35 112.40 3.32 3,500,000.00 UNITED MEXICAN US91086QAW87 3/19/2019 5.95 USD BBB 112.35 113.45 4.00 3,000,000.00 MEXICAN UTD STS US593048BN00 12/30/2019 8.13 USD BBB 128.45 129.75 4.11 1,352,366.00 UNITED MEXICAN US91086QAY44 1/15/2020 5.13 USD BBB 105.60 106.55 4.24 2,000,000.00 MEXICAN UTD STS US91086QAJ76 9/24/2022 8.00 USD BBB 129.35 130.65 4.58 714,348.00 MEXICAN UTD STS US593048AX90 5/15/2026 11.50 USD BBB 171.35 173.65 4.70 338,580.00 MEXICAN UTD STS US91086QAG38 8/15/2031 8.30 USD BBB 132.35 133.65 5.54 1,641,047.00 MEXICAN UTD STS US91086QAN88 4/8/2033 7.50 USD BBB 121.85 123.15 5.66 1,105,207.00 MEXICAN UTD STS US91086QAS75 9/27/2034 6.75 USD BBB 113.00 114.50 5.63 3,333,444.00 UNITED MEXICAN US91086QAV05 1/11/2040 6.05 USD BBB 102.60 103.65 5.79 3,250,000.00




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ASK YTM %


ECUADOR - PANAMA - PERU - URUGUAYREPUBLIC OF PERU US715638AL65 2/21/2012 9.13 USD BBB- 108.35 108.95 0.75 312,172.00 REPUBLIC OF PERU US715638AN22 2/6/2015 9.88 USD BBB- 126.35 127.35 2.68 278,392.00 PANAMA US698299AU88 3/15/2015 7.25 USD BBB- 117.25 118.00 2.63 1,471,000.00 URUGUAY US917288AZ56 3/15/2015 7.50 USD BB+ 118.00 120.00 2.40 269,680.00 REP OF ECUADOR USP8055QDE90 12/15/2015 9.38 USD B- 95.00 97.00 10.16 650,000.00 REPUBLIC OF PERU US715638AQ52 5/3/2016 8.38 USD BBB- 123.75 124.25 3.32 581,211.00 URUGUAY US760942AR33 5/17/2017 9.25 USD/A N/A 129.00 131.00 3.70 457,400.00 REPUBLIC OF PERU US715638AW21 3/30/2019 7.13 USD BBB- 120.50 121.50 4.02 1,000,000.00 CHILE US168863AV04 8/5/2020 3.88 USD A+ 97.78 98.94 4.01 1,000,000.00 URUGUAY US917288BC52 11/18/2022 8.00 USD BB+ 125.00 126.00 5.05 1,804,800.00 REPUBLIC OF PERU US715638AS19 7/21/2025 7.35 USD BBB- 123.00 124.00 5.00 2,250,000.00 PANAMA US698299AD63 9/30/2027 8.88 USD BBB- 138.00 140.00 5.25 975,000.00 URUGUAY US917288BA96 1/15/2033 7.88 USD BB+ 122.25 124.25 5.89 1,123,231.77 REPUBLIC OF PERU US715638AP79 11/21/2033 8.75 USD BBB- 138.75 139.75 5.63 2,245,439.00 PANAMA US698299AW45 1/26/2036 6.70 USD BBB- 114.00 115.00 5.58 1,785,297.00 URUGUAY US760942AS16 3/21/2036 7.63 USD BB+ 121.00 124.00 5.80 1,420,630.90 REPUBLIC OF PERU US715638AU64 3/14/2037 6.55 USD BBB- 112.00 113.00 5.60 1,201,667.00




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Security Description ISIN INDUSTRY Maturity Coupon CcyS&P RTG Bid Ask

ASK YTM %


ARGENTINA CorpsPECOM ENERGIA SA XS0161563530 Oil Comp-Integrated 6/9/2011 1.46 USD BB- 98.00 100.00 1.53 87,413.99 TELEFONICA ARGEN US879378AK31 Telephone-Integrated 8/1/2011 8.85 USD B 103.25 104.00 1.11 117,880.00 PAN AMERICAN USP74828AA55 Oil Comp-Explor&Prodtn 2/9/2012 7.75 USD NR 102.75 103.13 4.64 246,787.00 ARGENTINE BEV USP04825AA63 Brewery 3/22/2012 7.38 USD A N/A 102.25 103.25 4.46 60,000.00 LOMA NEGRA CIASA USP63347AA92 Bldg Prod-Cement/Aggreg 3/15/2013 7.25 USD BB 103.75 104.75 4.88 100,000.00 PETROBRAS ENERG XS0179680920 Oil Comp-Integrated 10/30/2013 9.38 USD BB- 113.00 114.00 3.98 200,000.00 BANCO HIPOT SA USP1330HAZ75 Commer Banks Non-Us 12/1/2013 6.00 USD B 98.25 99.50 #N/A Fie 109,274.94 PROV BUENOS AIRE XS0546539486 Regional Authority 10/5/2015 11.75 USD B 106.50 107.00 9.84 800,000.00 BANCO HIPOT SA USP1330HBD54 Commer Banks Non-Us 4/27/2016 9.75 USD B 105.00 106.50 8.20 224,641.00 TRANSENER USP3058XAJ48 Electric-Transmission 12/15/2016 8.88 USD B- 98.75 100.00 8.87 151,364.00 BANCO MACRO SA US05963GAF54 Commer Banks Non-Us 2/1/2017 8.50 USD A N/A 103.25 104.50 7.56 105,595.00 INVERS REP Y SOC USP5880CAA82 Real Estate Oper/Develop 2/2/2017 8.50 USD B 101.50 102.50 7.97 150,000.00 ALTO PALERMO SA USP0245MAC30 Real Estate Mgmnt/Servic 5/11/2017 7.88 USD B 99.13 100.13 7.85 115,000.00 TRANSPORT DE GAS USP9308RAX19 Pipelines 5/14/2017 7.88 USD B 101.75 102.75 7.32 374,024.00 PETROBRAS ENERGI USP7873PAD89 Oil Comp-Integrated 5/15/2017 5.88 USD BBB- 103.13 104.63 5.00 300,000.00 AUTOPISTAS DEL S USP0605BAF42 Public Thoroughfares 5/23/2017 11.50 USD NR 39.00 54.00 27.03 6,539.22 EMP DISTRIB NORT US29244AAJ16 Electric-Distribution 10/9/2017 10.50 USD B- 106.00 107.90 8.90 24,796.00 ARCOR USP04559AB98 Food-Confectionery 11/9/2017 7.25 USD A N/A 107.50 108.25 5.76 200,000.00 MENDOZA PROVINCE USP6480JAD92 Diversified Finan Serv 9/4/2018 5.50 USD B 85.25 86.75 7.84 160,467.69 BANCO DE GALICIA USP09669BR53 Commer Banks Non-Us 1/1/2019 11.00 USD A N/A 103.50 104.50 12.21 218,210.75 ARCOS DORADOS BV USP04568AA23 Retail-Restaurants 10/1/2019 7.50 USD A N/A 108.75 109.50 6.07 450,000.00 INVERS REP Y SOC USP5880CAB65 Real Estate Oper/Develop 7/20/2020 11.50 USD B 115.75 117.00 8.82 150,000.00 PAN AMERICAN US69783UAA97 Oil Comp-Explor&Prodtn 5/7/2021 7.88 USD A N/A 107.75 108.50 6.72 500,000.00 EMP DISTRIB NORT USP3710FAJ32 Electric-Distribution 10/25/2022 9.75 USD A N/A 110.38 111.38 8.22 230,301.00 BANCO MACRO SA US05963GAB41 Commer Banks Non-Us 12/18/2036 9.75 USD A N/A 101.00 102.50 8.27 149,080.00




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BRAZIL CorpsJBS SA XS0243486957 Food-Meat Products 2/7/2011 9.38 USD BB 100.10 100.80 -12.43 272,632.00 BANCO BMG XS0365747806 Commer Banks Non-Us 5/23/2011 7.25 USD A N/A 101.50 102.50 -0.30 200,000.00 BANCO FIBRA SA XS0368719620 Commer Banks Non-Us 6/6/2011 7.00 USD BB- 100.00 102.00 1.50 150,000.00 PETROBRAS INTL US71645WAB72 Oil Comp-Integrated 7/6/2011 9.75 USD A N/A 102.50 104.00 0.82 235,360.00 BANCO SOFISA XS0374076155 Commer Banks Non-Us 7/7/2011 7.25 USD A N/A 102.00 103.00 0.60 85,000.00 ITAU UNIBANCO XS0134150647 Commer Banks Non-Us 8/15/2011 10.00 USD A N/A 101.50 102.50 5.38 180,000.00 BANCO CRUZEIRO XS0269109608 Commer Banks Non-Us 9/26/2011 9.38 USD A N/A 100.50 104.50 2.57 41,061.34 AMBEV US20441XAB82 Brewery 12/15/2011 10.50 USD BBB+ 107.75 108.25 1.17 497,432.00 BANCO BRADESCO US059460AB14 Commer Banks Non-Us 12/15/2011 10.25 USD A N/A 107.00 109.25 -0.12 120,273.00 BANCO CRUZEIRO XS0452252835 Commer Banks Non-Us 9/17/2012 8.00 USD A N/A 104.50 105.50 4.49 175,000.00 BCO PANAMERICANO XS0460315806 Commer Banks Non-Us 10/26/2012 7.00 USD A N/A 97.00 99.00 7.61 200,000.00 BANCO IND E COM XS0479889007 Commer Banks Non-Us 1/20/2013 6.25 USD A N/A 102.25 102.75 4.78 275,000.00 BANCO VOTORANTIM XS0485675507 Commer Banks Non-Us 2/8/2013 4.25 USD A N/A 101.50 102.75 2.85 500,000.00 BANCO BRADES CI USG0732RAE83 Commer Banks Non-Us 4/22/2013 3.13 USD BBB 101.25 101.75 2.32 250,000.00 BANCO FIBRA SA US05958XAB47 Commer Banks Non-Us 4/29/2013 5.13 USD A N/A 100.50 101.50 4.42 200,000.00 ARANTES INTL LTD USG04487AA53 Food-Meat Products 6/19/2013 10.25 USD A N/A 5.00 16.00 117.10 150,000.00 PETROBRAS INTL US71645WAG69 Oil Comp-Integrated 7/2/2013 9.13 USD A N/A 115.00 117.00 1.95 374,230.00 BANCO CRUZEIRO XS0523748639 Commer Banks Non-Us 7/8/2013 7.00 USD A N/A 102.50 103.50 5.46 200,000.00 ENERGIPE Y SAELP USP37201AA18 Electric-Distribution 7/19/2013 10.50 USD BB- 112.50 114.50 4.29 250,000.00 AMBEV US20441XAD49 Brewery 9/15/2013 8.75 USD BBB+ 115.25 116.00 2.46 494,669.00 BANCO BRADES CI US05946NAD75 Commer Banks Non-Us 10/24/2013 8.75 USD A N/A 115.00 115.25 2.93 488,160.00 CSN ISLANDS VIII USG2584XAA84 Steel-Specialty 12/16/2013 9.75 USD BBB- 116.25 117.00 3.52 550,000.00 BRASKEM SA US10553JAE82 Petrochemicals 1/22/2014 11.75 USD BB+ 120.63 122.00 3.89 250,000.00 VOTORANTIM OVER USG9393BAA29 Bldg Prod-Cement/Aggreg 1/23/2014 7.88 USD BBB 111.00 112.00 3.61 208,219.00 ODEBRECHT FINANC USG6710EAC42 Building-Heavy Construct 4/9/2014 9.63 USD BB 116.50 117.50 3.78 200,000.00 CCL FINANCE LTD KYG1986QAA91 Sugar 8/15/2014 9.50 USDBB /*+ 116.00 116.75 4.37 350,000.00 PETROBRAS INTL US71645WAJ09 Oil Comp-Integrated 9/15/2014 7.75 USD A N/A 116.88 117.50 2.67 397,900.00 BANCO DO BRASIL USG07402AE39 Commer Banks Non-Us 9/20/2014 8.50 USD A N/A 117.75 119.50 2.84 300,000.00 CSN ISLANDS IX USG25842AA66 Steel-Specialty 1/15/2015 10.00 USD BBB- 123.50 124.00 3.48 400,000.00 BANCO BRASL (CI) US05957PAQ90 Commer Banks Non-Us 1/22/2015 4.50 USD A N/A 104.00 104.50 3.29 950,000.00 BANCO CRUZEIRO US05955XAA90 Commer Banks Non-Us 2/20/2015 8.50 USD A N/A 101.50 102.75 7.70 250,000.00 BANCO DAYCOVAL XS0494896250 Commer Banks Non-Us 3/16/2015 6.50 USD BB 102.50 103.50 5.54 300,000.00 BANCO BRADES CI US05947LAG32 Commer Banks Non-Us 3/23/2015 4.10 USD BBB 102.25 102.38 3.48 750,000.00 BES INVESTIMENTO US05540NAA37 Commer Banks Non-Us 3/25/2015 5.63 USD BBB- 97.88 98.25 6.10 500,000.00 INDEPENDENCIA IN USG4756WAC40 Food-Meat Products 3/31/2015 15.00 USD A N/A 57.00 64.00 31.59 165,000.00 BANCO SANTANDER US05966UAB08 Commer Banks Non-Us 4/6/2015 4.50 USD A N/A 101.80 102.30 3.90 850,000.00 BRASKEM INTL LTD USP18533AF95 Petrochemicals 6/1/2015 9.38 USD BB+ 116.00 117.00 4.98 250,000.00 CAUE FINANCE LTD USG1970BAA01 Bldg Prod-Cement/Aggreg 8/1/2015 8.88 USD BB 115.00 116.50 4.77 150,000.00




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ASK YTM %


BRAZIL Corps


BCO PANAMERICANO XS0530499663 Commer Banks Non-Us 8/4/2015 5.50 USD A N/A 94.00 95.00 6.80 300,000.00 BANCO IND E COM XS0552649021 Commer Banks Non-Us 10/25/2015 5.25 USD A N/A 99.00 99.35 5.40 400,000.00 BANCO DO NORDEST USP1193TAJ36 Regional Banks-Non Us 11/9/2015 3.63 USD BBB- 98.85 99.25 3.80 300,000.00 ELETROBRAS USP22854AE65 Electric-Integrated 11/30/2015 7.75 USD BBB- 117.00 118.50 3.56 300,000.00 LPG INTL INC US50212TAB17 Petrochemicals 12/20/2015 7.25 USD BBB- 109.50 112.00 4.50 246,000.00 VALE OVERSEAS US91911TAF03 Diversified Minerals 1/11/2016 6.25 USD BBB+ 111.06 112.02 3.58 1,000,000.00 BANCO BMG SA USP07785AB71 Commer Banks Non-Us 1/15/2016 9.15 USD BB- 106.00 109.00 6.98 300,000.00 CCSA FINANCE USG19863AA06 Bldg Prod-Cement/Aggreg 5/17/2016 7.88 USD BB 107.00 112.00 5.25 68,077.00 COSIPA COMM USP37064AA30 Invest Comp - Resources 6/14/2016 8.25 USD BBB- 115.75 116.75 4.69 200,000.00 JBS SA USP59695AC39 Food-Meat Products 8/4/2016 10.50 USD BB 111.00 111.50 7.89 300,000.00 BANCO VOTORANTIM XS0269263942 Commer Banks Non-Us 9/22/2016 6.75 USD BB+ 103.25 103.75 4.49 100,774.00 BERTIN LTDA USP1655PAB96 Food-Meat Products 10/5/2016 10.25 USD NR 109.00 110.00 8.02 350,000.00 PETROBRAS INTL US71645WAL54 Oil Comp-Integrated 10/6/2016 6.13 USD BBB- 110.00 111.00 3.95 899,100.00 SANEAMENTO BASIC USP3058WAB39 Water 11/3/2016 7.50 USD BB 110.00 113.00 4.89 140,000.00 BANCO FIBRA SA US05958XAA63 Commer Banks Non-Us 11/6/2016 8.50 USD A N/A 110.75 111.75 6.06 110,000.00 MARFRIG OVERSEAS USG5814RAA61 Import/Export 11/16/2016 9.63 USD B+ 106.50 107.25 8.03 375,000.00 INDEPENDENCIA IN USG4756WAD23 Food-Meat Products 12/30/2016 12.00 USD A N/A 1.00 32.00 41.62 254,787.33 VALE OVERSEAS US91911TAG85 Diversified Minerals 1/23/2017 6.25 USD BBB+ 109.74 111.98 3.98 1,250,000.00 EMBRAER OVERSEAS US29081YAB20 Aerospace/Defense 1/24/2017 6.38 USD BBB- 105.00 107.00 5.01 376,300.00 BRASKEM SA USP18533AK80 Petrochemicals 1/26/2017 8.00 USD BB+ 111.00 113.00 5.43 275,000.00 MINERVA OVERSE USG61473AA59 Import/Export 2/1/2017 9.50 USD B 99.00 104.00 8.63 74,483.00 COSAN FINANCE USG24419AA47 Sugar 2/1/2017 7.00 USDBB /*+ 107.00 109.00 5.24 400,000.00 GOL FINANCE US38045UAC45 Airlines 4/3/2017 7.50 USD A N/A 101.00 102.25 7.04 221,300.00 TAM CAPITAL INC US87484EAB74 Aerospace/Defense 4/25/2017 7.38 USD B /*+ 102.25 103.00 6.78 297,745.00 VOTORANTIM CIMEN XS0505532134 Diversified Operations 4/28/2017 5.25 EUR BBB 99.50 100.50 5.15 750,000.00 SADIA OVERSEAS USG77650AA01 Food-Meat Products 5/24/2017 6.88 USD BB+ 104.75 108.00 5.37 250,000.00 BANCO NAC DESENV XS0540449096 Sovereign Agency 9/15/2017 4.13 EUR BBB- 98.88 99.00 4.30 750,000.00 ODEBRECHT FINANC USG6710EAA85 Building-Heavy Construct 10/18/2017 7.50 USD BB 108.00 110.00 5.69 400,000.00 GTL TRADE FIN USG2440JAE58 Steel-Specialty 10/20/2017 7.25 USD BBB- 111.38 111.75 5.16 1,500,000.00 USIMINAS COMMERC USG93085AA94 Finance-Invest Bnkr/Brkr 1/18/2018 7.25 USD BBB- 110.75 112.75 5.06 400,000.00 PETROBRAS INTL US71645WAM38 Oil Comp-Integrated 3/1/2018 5.88 USD BBB- 107.11 108.06 4.53 1,750,000.00 BRASKEM FIN LTD USG1315RAA98 Petrochemicals 6/5/2018 7.25 USD BB+ 106.00 107.00 6.06 500,000.00 BANCO NAC DESENV USP14486AA54 Sovereign Agency 6/16/2018 6.37 USD BBB- 110.50 112.00 4.45 1,000,000.00 PETROBRAS INTL US71645WAH43 Oil Comp-Integrated 12/10/2018 8.38 USD BBB- 122.00 124.00 4.69 576,780.00 PETROBRAS INTL US71645WAN11 Oil Comp-Integrated 3/15/2019 7.88 USD BBB- 119.00 120.00 4.87 2,750,000.00 TELEMAR N L USP9037HAK97 Telephone-Integrated 4/23/2019 9.50 USD A N/A 118.75 125.00 5.66 142,058.00 BANCO NAC DESENV USP14486AC11 Sovereign Agency 6/10/2019 6.50 USD BBB- 111.50 111.50 4.81 1,000,000.00 CENT ELET BRASIL USP22854AF31 Electric-Integrated 7/30/2019 6.88 USD BBB- 113.25 114.00 4.85 1,000,000.00



of 20


ASK YTM %


BRAZIL Corps


VALE OVERSEAS US91911TAJ25 Diversified Minerals 9/15/2019 5.63 USD BBB+ 106.75 107.36 4.58 1,000,000.00 CSN ISLANDS XI USG2583XAA93 Steel-Specialty 9/21/2019 6.88 USD BBB- 110.00 111.00 5.27 750,000.00 VOTO-VOTORANTIM USG9393UAA00 Bldg Prod-Cement/Aggreg 9/25/2019 6.63 USD BBB 105.50 108.00 5.45 1,000,000.00 BANCO BRADES CI USG08010BH52 Commer Banks Non-Us 9/29/2019 6.75 USD A N/A 106.75 107.25 5.68 750,000.00 FIBRIA OVERSEAS USG3400PAA50 Paper&Related Products 10/30/2019 9.25 USD BB 112.00 115.00 6.93 63,237.00 BANCO BMG USP07785AD38 Commer Banks Non-Us 11/5/2019 9.95 USD A N/A 106.50 108.00 8.63 300,000.00 MINERVA OVERSEAS USG6147PAA69 Import/Export 11/15/2019 10.88 USD B 108.50 109.00 9.35 369,548.00 EMBRAER OVERSEAS US29081YAC03 Aerospace/Defense 1/15/2020 6.38 USD BBB- 106.00 108.75 5.14 500,000.00 PETROBRAS INTL US71645WAP68 Oil Comp-Integrated 1/20/2020 5.75 USD BBB- 105.00 105.63 4.97 2,500,000.00 GERDAU HLDGS INC USU37405AA20 Steel-Producers 1/20/2020 7.00 USD BBB- 110.75 111.38 5.39 1,250,000.00 BANCO VOTORANTIM USP1516SFE11 Commer Banks Non-Us 1/21/2020 7.38 USD A N/A 106.00 106.75 6.38 1,150,000.00 BANCO BRASL (CI) US05957PAR73 Commer Banks Non-Us 1/22/2020 6.00 USD A N/A 108.00 109.00 4.76 500,000.00 BFF INTL LTD USG3400TAA72 Food-Meat Products 1/28/2020 7.25 USD BB+ 107.00 108.00 6.08 750,000.00 TAM CAPITAL 2 USG86665AA70 Airlines 1/29/2020 9.50 USD B /*+ 110.25 111.25 7.74 300,000.00 BANCO ABC-BRASIL USP0763MBW03 Commer Banks Non-Us 4/8/2020 7.88 USD A N/A 104.50 105.50 7.05 300,000.00 ITAU UNIBANCO/KY US46556MAA09 Commer Banks Non-Us 4/15/2020 6.20 USD A N/A 102.50 103.25 5.74 1,000,000.00 ODEBRECHT FINANC USG6710EAD25 Building-Heavy Construct 4/21/2020 7.00 USD BB 108.70 109.50 5.66 500,000.00 BCO PANAMERICANO USP14996AG02 Commer Banks Non-Us 4/23/2020 8.50 USD A N/A 97.25 97.75 8.86 500,000.00 BANCO IND E COM USP1337QAT42 Commer Banks Non-Us 4/27/2020 8.50 USD A N/A 104.00 105.50 7.66 300,000.00 MARFRIG OVERSEAS USG5814RAB45 Import/Export 5/4/2020 9.50 USD B+ 105.75 106.50 8.47 500,000.00 FIBRIA OVERSEAS USG3400PAB34 Paper&Related Products 5/4/2020 7.50 USD BB 107.30 107.75 6.38 1,870,402.00 BRASKEM FIN LTD USG1315RAB71 Petrochemicals 5/7/2020 7.00 USD BB+ 104.25 105.00 6.28 750,000.00 VOTORANTIM OVER USG93932AA24 Bldg Prod-Cement/Aggreg 6/24/2020 7.75 USD BBB 111.00 112.50 5.99 400,000.00 BANCO NAC DESENV USP14486AD93 Sovereign Agency 7/12/2020 5.50 USD BBB- 103.00 104.75 4.87 1,000,000.00 BANCO MERCANTIL USP1400AAA27 Commer Banks Non-Us 7/16/2020 9.63 USD A N/A 102.00 111.00 7.95 250,000.00 BANCO BMG USP07785AE11 Commer Banks Non-Us 8/5/2020 8.88 USD A N/A 102.75 103.50 8.33 250,000.00 VALE OVERSEAS US91911TAL70 Diversified Minerals 9/15/2020 4.63 USD BBB+ 98.77 99.54 4.68 1,000,000.00 BANCO CRUZEIRO USP09133BF89 Commer Banks Non-Us 9/22/2020 8.88 USD A N/A 97.00 97.75 9.23 400,000.00 TELEMAR N L USP9037HAL70 Telephone-Integrated 10/23/2020 5.50 USD BBB- 98.75 99.75 5.53 1,787,025.00 BANCO BONSUCESSO USP07041AA72 Commer Banks Non-Us 11/3/2020 9.25 USD A N/A 97.25 98.25 9.52 125,000.00 BANCO BRASL USP3772WAB83 Commer Banks Non-Us 1/15/2021 5.38 USD A N/A 98.13 99.00 5.51 660,000.00 BANCO BRADES CI USG0732RAF58 Commer Banks Non-Us 1/16/2021 5.90 USD A N/A 99.50 100.40 5.85 1,100,000.00 ITAU UNIBANCO/KY US46556MAB81 Commer Banks Non-Us 1/22/2021 5.75 USD A N/A 99.75 100.50 5.68 1,000,000.00 SUZANO TRADING USG8600UAA19 Paper&Related Products 1/23/2021 5.88 USD BB+ 99.50 99.75 5.91 650,000.00 VOTO-VOTORANTIM USG9400PAA24 Diversified Operations 4/5/2021 6.75 USD BBB 106.50 108.00 5.70 750,000.00 GLOBO COMMUN PAR USP47773AJ81 Multimedia 4/26/2022 7.25 USD BBB- 108.25 108.75 6.16 200,000.00 VALE OVERSEAS US91911TAE38 Diversified Minerals 1/17/2034 8.25 USD BBB+ 121.09 124.65 6.22 800,000.00 VALE OVERSEAS US91911TAH68 Diversified Minerals 11/21/2036 6.88 USD BBB+ 106.29 109.31 6.15 2,500,000.00



of 20


ASK YTM %


BRAZIL Corps


VALE OVERSEAS US91911TAK97 Diversified Minerals 11/10/2039 6.88 USD BBB+ 107.25 109.14 6.19 1,750,000.00 PETROBRAS INTL US71645WAQ42 Oil Comp-Integrated 1/20/2040 6.88 USD BBB- 103.00 104.25 6.55 1,500,000.00 GOL FINANCE USG3980PAA33 Airlines ot Applicable 8.75 USD A N/A 98.00 100.00 8.75 200,000.00 ODBR-CALL12/10 XS0229458665 Building-Heavy Construct ot Applicable 9.63 USD NR 100.00 100.30 #N/A N/A - NET SERVICOS USP7161AAC47 Cable/Satellite Tv ot Applicable 9.25 USD BB+ 100.50 101.75 9.09 150,000.00 BANBRA-CALL01/11 USG07402AF04 Commer Banks Non-Us ot Applicable 7.95 USD A N/A 100.00 101.00 #N/A N/A 500,000.00 BANCO BRASL (CI) USP3772WAA01 Commer Banks Non-Us ot Applicable 8.50 USD A N/A 116.25 116.50 8.23 1,500,000.00 UNIBANCO CAYMAN USG9191BFV56 Commer Banks Non-Us ot Applicable 8.70 USD A N/A 99.00 102.00 8.52 500,000.00 REDE EMPRESAS USP8001VAD84 Electric-Integrated ot Applicable 11.13 USD A N/A 96.00 98.00 11.35 496,596.00 GP INVESTMENTS XS0282340230 Invest Mgmnt/Advis Serv ot Applicable 10.00 USD BB- 95.00 105.00 9.51 190,000.00 LUPATECH FINANCE USG57058AA01 Metal Processors&Fabrica ot Applicable 9.88 USD CCC 90.00 97.00 10.19 275,000.00 BRASKEM SA USP18533AH51 Petrochemicals ot Applicable 9.00 USD BB+ 100.25 101.50 8.86 200,000.00 ODEBRECHT FINANC USG6710EAF72 Building-Heavy Construct ot Applicable 7.50 USD BB 101.75 102.50 7.31 500,000.00 BR MALLS INTL FI USG1593PAA69 Real Estate Mgmnt/Servic ot Applicable 9.75 USD BB- 103.75 104.75 9.30 175,000.00 NATIONAL STEEL XS0242966017 Steel-Producers ot Applicable 9.88 USD BB 100.25 101.00 -13.71 450,000.00 COSAN SA INDUSTR USP31573AB77 Sugar ot Applicable 8.25 USDBB /*+ 100.00 101.00 8.16 450,000.00



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ASK YTM %


CHILE CorpsBANCO SANTANDER USP1506ADH79 Commer Banks Non-Us 9/22/2011 1.30 USD A+ 99.75 100.75 0.17 200,000.00 CHILE US168863AP36 Sovereign 1/11/2012 7.13 USD A+ 105.60 106.40 0.46 750,000.00 BANCO SANTANDER USP1506ADE49 Commer Banks Non-Us 4/20/2012 1.55 USD A+ 100.00 101.00 0.74 500,000.00 CODELCO INC USP3143NAD68 Non-Ferrous Metals 11/30/2012 6.38 USD A 106.85 107.83 2.04 435,000.00 CELULOSA ARAUCO US151191AL70 Paper&Related Products 7/9/2013 5.13 USD BBB 105.50 106.25 2.49 299,950.00 ENDESA (CHILE) US29245SAC61 Electric-Integrated 8/1/2013 8.35 USD BBB+ 112.00 114.00 2.57 395,200.00 CODELCO INC USP3143NAE42 Non-Ferrous Metals 10/15/2013 5.50 USD A 108.03 109.70 1.83 500,000.00 ENERSIS SA/CAYMA US29274FAE43 Electric-Integrated 1/15/2014 7.38 USD BBB+ 110.00 111.50 3.29 348,249.00 AES GENER SA US00105DAB10 Electric-Integrated 3/25/2014 7.50 USD BBB- 107.25 108.50 4.58 399,645.00 CODELCO INC USP3143NAF17 Non-Ferrous Metals 10/15/2014 4.75 USD A 106.91 107.83 2.53 500,000.00 CELULOSA ARAUCO US151191AN37 Paper&Related Products 4/20/2015 5.63 USD BBB 106.75 107.75 3.63 399,750.00 ENDESA (CHILE) US29245SAD45 Electric-Integrated 8/1/2015 8.63 USD BBB+ 118.50 120.25 3.72 195,800.00 BANCO SANTANDER USP1506ADF14 Commer Banks Non-Us 9/22/2015 3.75 USD A+ 100.13 101.00 3.51 500,000.00 TELEFONICA MOVIL USP90375AB57 Cellular Telecom 11/9/2015 2.88 USD BBB+ 96.68 97.24 3.50 300,000.00 ENERSIS SA/CAYMA US29274FAB04 Electric-Integrated 12/1/2016 7.40 USD BBB+ 114.00 114.50 4.55 350,000.00 CODELCO INC USP3143NAJ39 Non-Ferrous Metals 1/15/2019 7.50 USD A 122.60 124.14 3.95 600,000.00 ENAP USP37110AD80 Oil Comp-Explor&Prodtn 7/8/2019 6.25 USD BBB- 107.00 108.25 5.04 300,000.00 CELULOSA ARAUCO US151191AQ67 Paper&Related Products 7/29/2019 7.25 USD BBB 114.50 115.50 4.99 498,911.00 INVERSIONES CMPC USP58072AE24 Paper&Related Products 11/5/2019 6.13 USD BBB+ 104.75 106.50 5.19 500,000.00 SOC QUIMICA Y MI USP8718AAC01 Chemicals-Diversified 4/21/2020 5.50 USD BBB 103.00 104.00 4.95 250,000.00 ENAP USP37110AF39 Oil Comp-Explor&Prodtn 8/10/2020 5.25 USD BBB- 100.13 100.88 5.13 500,000.00 BANCO SANTANDER USP15069AL46 Commer Banks Non-Us 9/22/2020 6.50 CLP A+ 93.00 94.50 7.30 247,255,000.00 BANCO DEL ESTADO USP1027DEN77 Regional Banks-Non Us 10/7/2020 4.13 USD A+ 94.25 95.25 4.74 500,000.00 CODELCO INC USP3143NAM67 Non-Ferrous Metals 11/4/2020 3.75 USD A 94.93 95.69 4.30 1,000,000.00 CELULOSA ARAUCO USP21963AE65 Paper&Related Products 1/21/2021 5.00 USD BBB 99.00 99.75 5.03 400,000.00 CELULOSA ARAUCO USP21963AE65 Paper&Related Products 1/21/2021 5.00 USD BBB 99.00 99.75 5.03 400,000.00 PAMPA CALICHERA USP8716HAA16 Investment Companies 2/14/2022 7.75 USD BB- 109.00 110.75 6.38 250,000.00 CODELCO INC USP3143NAG99 Non-Ferrous Metals 9/21/2035 5.63 USD A 101.45 103.93 5.34 500,000.00 CODELCO INC USP3143NAH72 Non-Ferrous Metals 10/24/2036 6.15 USD A 108.65 111.31 5.34 500,000.00




of 20


ASK YTM %


COLOMBIA CorpsEEB INTERNATIONA USG2938AAA19 Electric-Transmission 10/31/2014 8.75 USD BB 107.75 109.00 6.04 610,000.00 CHIVOR SA ESP USP2559EAA12 Electric-Generation 12/30/2014 9.75 USD BB+ 116.00 117.00 4.94 170,000.00 BANCOLOMBIA US05968LAB80 Commer Banks Non-Us 7/26/2020 6.13 USD A N/A 101.50 102.00 5.85 620,000.00 PACIFIC RUBIALES USC71058AA68 Oil Comp-Integrated 11/10/2016 8.75 USD BB- 113.00 113.75 5.91 450,000.00 TERMOCANDELARIA XS0304293623 Independ Power Producer 12/31/2016 13.50 USD A N/A 109.00 112.00 10.71 57,271.88 BANCOLOMBIA US05968LAA08 Commer Banks Non-Us 5/25/2017 6.88 USD A N/A 108.50 109.75 5.06 400,000.00 TGI INTERNATIONA USG87734AA00 Transport-Services 10/3/2017 9.50 USD BB 112.25 113.00 7.03 750,000.00 ECOPETROL SA US279158AB56 Oil Comp-Integrated 7/23/2019 7.63 USD BB+ 116.00 117.50 5.07 1,492,541.00 EE. PP. MEDELLIN USP9379RAA51 Electric-Integrated 7/29/2019 7.63 USD A N/A 113.50 115.00 5.40 500,000.00




of 20


ASK YTM %


MEXICO CorpsPEMEX MASTER TR US70645KAR05 Oil Comp-Explor&Prodtn 12/3/2012 0.90 USD BBB 99.20 99.95 0.93 687,141.00 AMERICA MOVIL SA US02364WAF23 Cellular Telecom 3/1/2014 5.50 USD A- 109.26 110.21 2.08 795,000.00 CEMEX FIN EUROPE XS0289333048 Bldg&Construct Prod-Misc 3/5/2014 4.75 EUR B 89.00 91.00 8.13 900,000.00 CORP JAVER SA CV USP8585LAA00 Bldg&Construct Prod-Misc 8/4/2014 13.00 USD A N/A 113.50 114.50 8.18 210,000.00 ALESTRA SA US01446PAJ30 Telecom Services 8/11/2014 11.75 USD B+ 115.50 116.50 6.47 194,400.00 PETROTEMEX USP49802AA24 Gas-Distribution 8/19/2014 9.50 USD BB /*- 111.00 112.00 5.73 275,000.00 CORP GEO USP3R23NAA86 Bldg&Construct Prod-Misc 9/25/2014 8.88 USD BB- 112.00 113.00 4.95 250,000.00 PEMEX MASTER TR US706451AH49 Oil Comp-Explor&Prodtn 12/15/2014 7.38 USD BBB 113.50 115.50 3.11 362,995.00 MAXCOM TELECOMUN US57773AAJ16 Telecom Services 12/15/2014 11.00 USD B 80.00 90.00 14.44 199,500.00 AMERICA MOVIL SA US02364WAH88 Cellular Telecom 1/15/2015 5.75 USD A- 111.60 112.16 2.52 473,350.00 TELEFONOS MEXICO US879403AS24 Telephone-Integrated 1/27/2015 5.50 USD A- 109.23 109.63 2.94 799,800.00 PETROLEOS MEXICA US71656MAB54 Oil Comp-Integrated 3/15/2015 4.88 USD BBB 105.38 106.88 3.09 37,562.00 PETROLEOS MEXICA US71654QAV41 Oil Comp-Integrated 3/15/2015 4.88 USD BBB 106.25 107.00 3.06 1,462,438.00 AMERICA MOVIL SA USP0280ADV00 Cellular Telecom 3/30/2015 3.63 USD A- 104.74 104.93 2.38 750,000.00 FINANCIERA INDEP USP4173SAB09 Finance-Consumer Loans 3/30/2015 10.00 USDBB- /*- 105.65 106.80 8.05 200,000.00 AMERICA MOVIL SA US02364WAU99 Cellular Telecom 3/30/2015 3.63 USD A- 103.50 104.30 2.53 750,000.00 CREDITO REAL SA USP32506AA86 Finance-Consumer Loans 4/14/2015 10.25 USD BB- 105.25 107.50 8.11 210,000.00 BANCO MERCANTIL USP14008AA79 Commer Banks Non-Us 7/19/2015 4.38 USD BBB- 103.00 103.38 3.55 300,000.00 GRUPO FAMSA SA USP7700WCF51 Retail-Major Dept Store 7/20/2015 11.00 USD B 106.10 107.10 9.04 200,000.00 DESARROLLA HOMEX US25030WAB63 Bldg&Construct Prod-Misc 9/28/2015 7.50 USD BB- 103.00 104.50 6.37 249,935.00 PEMEX MASTER TR US706451BF73 Oil Comp-Explor&Prodtn 12/15/2015 5.75 USD BBB 110.25 111.25 3.24 234,372.00 URBI DESARROLLOS USP9592YAF09 Bldg&Construct Prod-Misc 4/19/2016 8.50 USD B+ 104.75 105.25 7.27 150,000.00 HIPO SU CASITA USP5159KCP95 Finance-Mtge Loan/Banker 10/4/2016 8.50 USD CC 35.00 45.00 28.59 150,000.00 BANCO MERCANTIL USP1393WAB11 Commer Banks Non-Us 10/13/2016 6.14 USD A N/A 101.00 101.50 2.63 400,000.00 CEMEX FINANCE USU12763AA37 Bldg Prod-Cement/Aggreg 12/14/2016 9.50 USD B 106.00 107.00 7.98 1,750,000.00 AXTEL SAB USP06064AA01 Telephone-Integrated 2/1/2017 7.63 USD B+ 95.25 96.50 8.38 275,000.00 CEMEX ESPANA LUX XS0500982573 Bldg Prod-Light Fixtures 5/12/2017 8.88 EUR A N/A 86.40 94.82 10.00 115,346.00 BBVA BANCOMER SA XS0300999744 Commer Banks Non-Us 5/17/2017 4.80 EUR A N/A 97.25 97.75 3.41 600,000.00 AMERICA MOVIL SA US02364WAN56 Cellular Telecom 11/15/2017 5.63 USD A- 110.57 111.52 3.70 600,000.00 CEMEX FINANCE XS0473787884 Bldg Prod-Cement/Aggreg 12/14/2017 9.63 EUR B 100.00 101.00 9.42 350,000.00 PEMEX MASTER TR US706451BS94 Oil Comp-Explor&Prodtn 3/1/2018 5.75 USD BBB 106.63 107.40 4.52 2,483,988.00 GRUPO TELEVISA US40049JAX54 Broadcast Serv/Program 5/15/2018 6.00 USD BBB+ 109.95 111.27 4.19 499,425.00 PETROLEOS MEXICA US71654QAU67 Oil Comp-Integrated 5/3/2019 8.00 USD BBB 120.75 121.75 4.78 1,936,686.00 AXTEL SAB USP06064AB83 Telephone-Integrated 9/22/2019 9.00 USD B+ 98.50 99.25 9.12 490,000.00 AMERICA MOVIL SA US02364WAX39 Cellular Telecom 10/16/2019 5.00 USD A- 104.57 105.09 4.30 746,900.00 AMERICA MOVIL SA USP0280ADQ15 Cellular Telecom 10/16/2019 5.00 USD A- 105.61 106.80 4.07 3,100.00 CONTROLADORA MAB USP3100SAA26 Consumer Products-Misc 10/28/2019 7.88 USD BBB- 112.13 114.30 5.77 350,000.00 MEXICHEM SAB USP57908AB45 Petrochemicals 11/6/2019 8.75 USD A N/A 115.00 116.25 6.31 350,000.00




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ASK YTM %


MEXICO Corps


TELEFONOS MEXICO US879403AV52 Telephone-Integrated 11/15/2019 5.50 USD A- 105.75 106.87 4.55 496,260.00 TELEFONOS MEXICO USP9048DEC94 Telephone-Integrated 11/15/2019 5.50 USD A- 104.65 105.40 4.74 3,740.00 DESARROLLA HOMEX USP35053AA86 Bldg&Construct Prod-Misc 12/11/2019 9.50 USD BB- 114.25 115.75 7.08 250,000.00 SIGMA ALIMENTOS USP8674JAB54 Food-Meat Products 12/16/2019 6.88 USD BBB- 104.34 106.00 5.99 250,000.00 URBI DESARROLLOS USP9592YAD50 Bldg&Construct Prod-Misc 1/21/2020 9.50 USD A N/A 115.00 116.50 7.00 300,000.00 PETROLEOS MEXICA US71654QAW24 Oil Comp-Integrated 3/5/2020 6.00 USD BBB 106.25 107.25 5.00 990,802.00 PETROLEOS MEXICA US71656MAC38 Oil Comp-Integrated 3/5/2020 6.00 USD BBB 106.75 110.75 4.55 9,198.00 AMERICA MOVIL SA US02364WAV72 Cellular Telecom 3/30/2020 5.00 USD A- 104.54 105.31 4.30 1,998,590.00 AMERICA MOVIL SA USP0280ADW82 Cellular Telecom 3/30/2020 5.00 USD A- 106.33 107.90 3.96 1,410.00 GRUPO PAPELERO USP49768AA59 Paper&Related Products 4/7/2020 8.88 USD BB- 92.00 97.00 9.36 300,000.00 BBVA BANCOMER SA USP1R23DAA49 Commer Banks Non-Us 4/22/2020 7.25 USD A N/A 104.50 105.25 6.48 1,000,000.00 CEMEX ESPANA LUX USE28087AA77 Bldg Prod-Light Fixtures 5/12/2020 9.25 USD A N/A 103.88 104.50 8.54 1,067,665.00 GRUPO BIMBO SAB USP4949BAG97 Food-Baking 6/30/2020 4.88 USD A N/A 100.61 102.51 4.55 800,000.00 CORP GEO USP3142CDA47 Bldg&Construct Prod-Misc 6/30/2020 9.25 USD BB- 113.75 114.25 7.15 250,000.00 PETROLEOS MEXICA US71654QAX07 Oil Comp-Integrated 1/21/2021 5.50 USD BBB 101.00 102.00 5.24 1,997,607.00 BANCO MERCANTIL USP1393WAA38 Commer Banks Non-Us 10/13/2021 6.86 USD A N/A 101.00 102.00 5.08 200,000.00 BBVA BANCOMER SA USG09077AB73 Commer Banks Non-Us 5/17/2022 6.01 USD A N/A 99.00 100.50 4.47 500,000.00 GRUPO TELEVISA US40049JAV98 Broadcast Serv/Program 3/18/2025 6.63 USD BBB+ 110.30 111.54 5.45 600,000.00 GRUPO TELEVISA US40049JAT43 Broadcast Serv/Program 3/11/2032 8.50 USD BBB+ 126.35 129.14 6.04 300,000.00 AMERICA MOVIL SA US02364WAJ45 Cellular Telecom 3/1/2035 6.38 USD A- 108.26 108.95 5.69 1,000,000.00 PEMEX MASTER TR US706451BG56 Oil Comp-Explor&Prodtn 6/15/2035 6.63 USD BBB 100.67 102.34 6.43 2,746,800.00 AMERICA MOVIL SA US02364WAP05 Cellular Telecom 11/15/2037 6.13 USD A- 104.97 105.53 5.72 400,000.00 PEMEX MASTER TR US706451BR12 Oil Comp-Explor&Prodtn 6/15/2038 6.63 USD BBB 100.00 101.00 6.55 491,175.00 AMERICA MOVIL SA US02364WAW55 Cellular Telecom 3/30/2040 6.13 USD A- 105.44 106.03 5.70 1,234,000.00 PETROLEOS MEXICA US71656MAF68 Oil Comp-Integrated ot Applicable 6.63 USD BBB 100.00 101.00 6.55 1,000,000.00 C8 CAPITAL SPV USG2024RAA98 Bldg Prod-Cement/Aggreg ot Applicable 6.64 USD B- 71.50 73.50 7.30 368,882.00 C10 CAPITAL USG23491AA40 Bldg Prod-Cement/Aggreg ot Applicable 6.72 USD B- 71.50 74.50 7.79 448,893.00 GRUMA SA DE CV USP4948KAC91 Food-Flour&Grain ot Applicable 7.75 USD B+ 99.50 100.00 7.75 300,000.00



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ASK YTM %


Peru CorpsBANCO CRED PERU USP09646AC75 Commer Banks Non-Us 9/16/2020 5.38 USD A N/A 98.25 99.25 5.48 800,000.00 BANCO INTER PERU USP1342SAC00 Commer Banks Non-Us 10/7/2020 5.75 USD A N/A 97.00 98.00 6.02 400,000.00 BANCO CONTNTL USG23909AA53 Special Purpose Entity 10/7/2040 7.38 USD BB 103.00 104.50 6.86 200,000.00




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ASK YTM %


Russian CorpsJSC VTB BANK XS0372322460 Commer Banks Non-Us 6/30/2011 8.25 EUR BBB 102.50 102.69 1.86 899,758.00 TNK-BP FINANCE XS0261906142 Diversified Finan Serv 7/18/2011 6.88 USD BBB- 102.45 102.85 0.94 500,000.00 MDM BANK XS0257792589 Commer Banks Non-Us 7/21/2011 9.75 USD B 102.50 103.50 2.54 200,000.00 PROMSVYAZBK XS0272236489 Commer Banks Non-Us 10/20/2011 8.75 USD NR 103.25 104.00 3.22 225,000.00 SBERBANK XS0274505808 Commer Banks Non-Us 11/14/2011 5.93 USD A N/A 103.38 103.75 1.23 750,000.00 MOBILE TELE FIN XS0211216493 Finance-Other Services 1/28/2012 8.00 USD BB 105.53 105.78 2.19 400,000.00 TATFONDBANK XS0483419262 Commer Banks Non-Us 2/2/2012 12.00 USD A N/A 103.75 104.75 7.10 225,000.00 OJSC RASPADSKAYA XS0301347372 Coal 5/22/2012 7.50 USD A N/A 103.63 104.03 4.34 300,000.00 TRANSNEFT XS0306899765 Commer Banks Non-Us 6/27/2012 6.10 USD BBB 105.37 105.83 1.93 500,000.00 AK BARS BANK XS0470427476 Commer Banks Non-Us 12/3/2012 10.25 USD A N/A 108.00 109.00 5.10 280,000.00 GAZPROM OAO XS0164067836 Oil Comp-Explor&Prodtn 3/1/2013 9.63 USD BBB 113.25 113.75 2.84 1,750,000.00 GAZPROM XS0356943828 Oil Comp-Explor&Prodtn 4/11/2013 7.34 USD BBB 108.75 109.50 2.88 400,000.00 EVRAZ GROUP SA XS0360055056 Steel-Producers 4/24/2013 8.88 USD B 108.19 108.69 4.75 1,155,900.00 VIMPELCOM XS0361041550 Cellular Telecom 4/30/2013 8.38 USDBB+ /*- 108.60 109.08 4.13 800,647.00 BANK OF MOSCOW XS0253894256 Commer Banks Non-Us 5/13/2013 7.34 USD A N/A 106.38 106.88 4.17 500,000.00 ALFA MTN INVEST XS0371926600 Commer Banks Non-Us 6/24/2013 9.25 USD B+ 108.50 109.25 5.13 400,000.00 SEVERSTAL OAO XS0376189857 Steel-Producers 7/29/2013 9.75 USDBB- /*+ 111.65 112.15 4.58 543,552.00 TRANSNEFT XS0288747669 Commer Banks Non-Us 3/5/2014 5.67 USD BBB 106.32 106.78 3.36 1,300,000.00 SEVERSTAL OAO XS0190490606 Steel-Producers 4/19/2014 9.25 USDBB- /*+ 111.88 112.13 5.13 375,000.00 GAZPROM XS0442348404 Oil Comp-Explor&Prodtn 7/31/2014 8.13 USD BBB 113.25 113.63 3.94 1,250,000.00 LUKOIL INTL FIN XS0463663442 Oil Comp-Integrated 11/5/2014 6.38 USD BBB- 107.50 108.00 4.07 900,000.00 TNK-BP FINANCE XS0484208771 Diversified Finan Serv 2/2/2015 6.25 USD BBB- 107.00 107.50 4.20 500,000.00 JSC VTB BANK XS0491998133 Commer Banks Non-Us 3/4/2015 6.47 USD BBB 105.50 106.00 4.84 1,250,000.00 BANK OF MOSCOW XS0494095754 Commer Banks Non-Us 3/11/2015 6.70 USD A N/A 103.63 104.00 5.60 750,000.00 ALLIANCE OIL CO XS0493579238 Oil Comp-Explor&Prodtn 3/11/2015 9.88 USD B+ 106.50 107.50 7.71 350,000.00 ALFA MTN ISS XS0494933806 Commer Banks Non-Us 3/18/2015 8.00 USD B+ 104.88 105.38 6.50 600,000.00 SBERBANK XS0524435715 Commer Banks Non-Us 7/7/2015 5.50 USD A N/A 103.38 103.63 4.59 1,500,000.00 EVRAZ GROUP SA XS0234987153 Steel-Producers 11/10/2015 8.25 USD B 108.88 109.13 6.03 576,700.00 VIMPELCOM XS0253861834 Cellular Telecom 5/23/2016 8.25 USDBB+ /*- 110.38 110.75 5.87 600,000.00 PROMSVYAZBK XS0524658852 Commer Banks Non-Us 7/8/2016 11.25 USD A N/A 108.88 109.38 9.03 200,000.00 NOMOS BANK XS0271914870 Commer Banks Non-Us 10/20/2016 9.75 USD A N/A 101.00 101.50 8.36 125,000.00 GAZPROM XS0276456315 Oil Comp-Explor&Prodtn 11/22/2016 6.21 USD BBB 106.00 106.75 4.87 1,350,000.00 RUSSIAN RAILWAYS XS0499245180 Commer Banks Non-Us 4/3/2017 5.74 USD BBB 104.75 105.25 4.75 1,500,000.00 LUKOIL INTL FIN XS0304273948 Oil Comp-Integrated 6/7/2017 6.36 USD BBB- 106.00 106.38 5.17 500,000.00 EVRAZ GROUP SA XS0359381331 Steel-Producers 4/24/2018 9.50 USD B 114.88 115.38 6.78 511,200.00 JSC VTB BANK XS0365923977 Commer Banks Non-Us 5/29/2018 6.88 USD BBB 106.88 107.25 5.65 1,705,800.00 TNK-BP FINANCE XS0484209159 Diversified Finan Serv 2/2/2020 7.25 USD BBB- 110.38 110.88 5.69 500,000.00 MTS INTL FDG XS0513723873 Cellular Telecom 6/22/2020 8.63 USD BB 114.63 115.00 6.47 750,000.00




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ASK YTM %


Russian Corps


VEB XS0524610812 Commer Banks Non-Us 7/9/2020 6.90 USD BBB 104.50 105.00 6.19 1,600,000.00 LUKOIL INTL FIN XS0304274599 Oil Comp-Integrated 6/7/2022 6.66 USD BBB- 103.75 104.50 6.10 500,000.00



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l1_bond run 01-20-2011

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