| Itau Unibanco (Nassau Branch), 5.25% 5jan2024, USD (XS1961016323) |
| BRF, 5.75% 21sep2050, USD (USP1905CAJ91) |
| Vast Infraestrutura, 7.5% 13jul2035, USD (2022-1) (USL0R80QAA10) |
| BRF, 5.75% 21sep2050, USD (USP1905CAJ91) |
| Vast Infraestrutura, 7.5% 13jul2035, USD (2022-1) (USL0R80QAA10) |
| Cemig GT, 9.25% 5dec2024, USD (USP2205LAC92) |
| Embraer, 6.95% 17jan2028, USD (USN29505AA70) |
| Natura Cosmeticos, 6% 19apr2029, USD (USL6S52VAA02) |
| Embraer, 6.95% 17jan2028, USD (USN29505AA70) |
| Natura Cosmeticos, 6% 19apr2029, USD (USL6S52VAA02) |
| Nexa Resources S.A., 5.375% 4may2027, USD (USP98118AA38) |
| Itau Unibanco (Grand Cayman Branch), 6.125% perp., USD (USP5R6DPAA84) |
| Oi S.A., 10% 27jul2025, USD (USP7354PAA23) |
| Eletrobras, 4.625% 4feb2030, USD (USP22835AB13) |
| Banrisul, 5.375% 28jan2031, USD (USP12445AC98) |
| B3 S.A. - Brasil, Bolsa, Balcao, 4.125% 20sep2031, USD (USP19118AA91) |
| Banco do Brasil (Grand Cayman Branch), 4.875% 11jan2029, USD (USP3772WAK82) |
| Eletrobras, 4.625% 4feb2030, USD (USP22835AB13) |
| Banrisul, 5.375% 28jan2031, USD (USP12445AC98) |
| B3 S.A. - Brasil, Bolsa, Balcao, 4.125% 20sep2031, USD (USP19118AA91) |
| Banco do Brasil (Grand Cayman Branch), 4.875% 11jan2029, USD (USP3772WAK82) |
| Raizen Energia, 5.3% 20jan2027, USD (USL7909CAA55) |
| Gerdau, 4.875% 24oct2027, USD (USG3925DAD24) |
| Banco BTG Pactual (Cayman Branch), 7.75% 15feb2029, USD (USP07790AE14) |
| Usiminas, 5.875% 18jul2026, USD (USL95806AA06) |
| Petrobras, 5.093% 15jan2030, USD (US71647NBE85) |
| Guara Norte, 5.198% 15jun2034, USD (USL4R02QAA86) |
| Petrobras, 5.093% 15jan2030, USD (US71647NBE85) |
| Guara Norte, 5.198% 15jun2034, USD (USL4R02QAA86) |
| Azul, 11.93% 28aug2028, USD (USU0551YAE50) |
| Banco Cruzeiro do Sul, 8.875% 22sep2020, USD (USP09133BF89) |
| Vale, 6.875% 21nov2036, USD (US91911TAH68) |
| InterCement Participacoes, 5.75% 17jul2024, USD (USN20137AD23) |
| Petrobras, 5.999% 27jan2028, USD (USN6945AAK36) |
| Novonor, 0% 10sep2058, USD (13747D) (USG6714UAA81) |
| Novonor, 0% 10sep2058, USD (13747D) (USG6714UAA81) |
| Light Servicos de Eletricidade, 2.26% 19dec2037, USD (US53222MAC64) |
| Nexa Resources S.A., 6.6% 8apr2037, USD (USL67359AC04) |
| OGX, 8.5% 1jun2018, USD (USP7356YAA12) |
| Petrobras, 6.625% 16jan2034, GBP (XS0982711474) |
| Vale, 6.25% 10aug2026, USD (US91911TAP84) |
| Ultrapar, 5.25% 6oct2026, USD (USL9412AAA53) |
| Azul Investments, 5.875% 26oct2024, USD (USU0551UAA17) |
| Klabin, 7% 3apr2049, USD (USA35155AB50) |
| Cia Siderurgica Nacional (CSN), 7.625% 17apr2026, USD (USL21779AD28) |
| Braskem, 8.5% 23jan2081, USD (USN15516AF97) |
| Gol Linhas Aereas, 8% 30jun2026, USD (USL4441RAC09) |
| Iochpe-Maxion, 5% 7may2028, USD (USA3R74HAA50) |
| XP Inc, 3.25% 1jul2026, USD (USG98239AA72) |
| Braskem, 8.5% 23jan2081, USD (USN15516AF97) |
| Gol Linhas Aereas, 8% 30jun2026, USD (USL4441RAC09) |
| Iochpe-Maxion, 5% 7may2028, USD (USA3R74HAA50) |
| XP Inc, 3.25% 1jul2026, USD (USG98239AA72) |
| Petrobras, 5.093% 15jan2030, USD (USN6945AAL19) |
| Itau Unibanco (Grand Cayman Branch), 3.875% 15apr2031, USD (US46556M2A90) |
| Hidrovias do Brasil, 4.95% 8feb2031, USD (USL48008AB91) |
| Itau Unibanco (Grand Cayman Branch), 3.875% 15apr2031, USD (US46556M2A90) |
| Hidrovias do Brasil, 4.95% 8feb2031, USD (USL48008AB91) |
| Unigel Participacoes, 13.5% 31dec2027, USD (USL9467UAD92) |
| Gol Linhas Aereas Intelligentes, 8.75% perp., USD (USG3980PAA33) |
| Gol Linhas Aereas, 3.75% 15jul2024, USD (Conv.) (USL4441GAA87) |
| Banco BTG Pactual, 4.5% 10jan2025, USD (US05971BAE92) |
| Banco Bradesco (Grand Cayman Branch), 3.2% 27jan2025, USD (US05947LAZ13) |
| Lojas Americanas, 4.75% 20oct2030, USD (USL5788AAA99) |
| Brava Energia, 15% 27may2025, BRL (002/001) (BRSP3RDBS003) |
| Banco Bradesco (Grand Cayman Branch), 3.2% 27jan2025, USD (US05947LAZ13) |
| Lojas Americanas, 4.75% 20oct2030, USD (USL5788AAA99) |
| Brava Energia, 15% 27may2025, BRL (002/001) (BRSP3RDBS003) |
| Light, 0% 31aug2027, USD (984D) (US53223N2080) |
| Banco Bradesco, 8.875% perp., USD (USG0732RAB45) |
| Great Energy, 12% 22jun2028, USD (XS1741488487) |
| Hidrovias do Brasil, 5.95% 24jan2025, USD (USL48008AA19) |
| Petrobras, 6.75% 3jun2050, USD (US71647NBG34) |
| Petrobras, 6.75% 3jun2050, USD (US71647NBG34) |
| Ceagro Agricola, 10.75% 16may2016, USD (USP3465UAA62) |
| Petrobras, 5.375% 1oct2029, GBP (XS0835891838) |
| Suzano, 2.5% 15sep2028, USD (US86964WAL63) |
| Suzano, 2.5% 15sep2028, USD (US86964WAL63) |
| Itau Unibanco Holding, FRN 20feb2028, USD (19) (XS3010601816) |
| Andrade Gutierrez, 9.5% 30dec2024, USD (USL01795AD20) |
| Andrade Gutierrez, 9.5% 30dec2024, USD (USL01795AD20) |
| Banco do Brasil (Grand Cayman Branch), 9.250% perp., USD (USP3772WAC66) |
| Grupo Virgolino de Oliveira, 11.75% 9feb2022, USD (USL9668KAA45) |
| BRF, 4.35% 29sep2026, USD (USA08163AA41) |
| Suzano, 4% 14jan2025, USD (USN8438JAA62) |
| Petrobras, 5.299% 27jan2025, USD (US71647NAV10) |
| Americanas, 4.375% 20dec2030, USD (USL0527QAA15) |
| Americanas, 4.375% 20dec2030, USD (USL0527QAA15) |
| Vale, 6.4368% 15oct2036, BRL (010/002) (BRVALEDBS0B3) |
| OGX, 8.375% 1apr2022, USD (USA6111FAA69) |
| Petrobras, 5.625% 20may2043, USD (US71647NAA72) |
| Rumo, 4.2% 18jan2032, USD (USL79090AD51) |
| Lupatech, 0.4% perp., USD (USG57058AD40) |
| Rumo, 4.2% 18jan2032, USD (USL79090AD51) |
| Lupatech, 0.4% perp., USD (USG57058AD40) |
| Oi S.A., 5.75% 10feb2022, USD (USP18445AG42) |
| Petrobras, 4.75% 14jan2025, EUR (XS0982711714) |
| Petrobras, 6.25% 17mar2024, USD (US71647NAM11) |
| Banco do Brasil (Grand Cayman Branch), 4.75% 20mar2024, USD (USP1R027AA25) |
| OEC, 7% 21oct2024, USD (USG6714RAA52) |