| Yanbian Rural Commercial Bank, 5% 28dec2027, CNY (CND10000L586) |
| Zhuhai Rural Commercial Bank, 5.3% 5dec2020, CNY (CND10000L2Y9) |
| CCB Trust, FRN 26aug2022, CNY (ABS) (CNM100003KH6) |
| China Resources Trust, FRN 26aug2020, CNY (ABS) (CNM100003PD4) |
| Yingda International Trust, 3.39% 26jan2019, CNY (ABS) (CNM100003TP0) |
| Bank of China (New Zealand), 4.02% 19apr2023, NZD (NZBOCDT003C8) |
| Oceanwide Holdings, 12% 31oct2021, USD (XS1893891595) |
| China National Bluestar, 6.25% perp., USD (XS1897112980) |
| Geely, 4.875% 15nov2021, USD (XS1888985642) |
| Baidu, 4.375% 14may2024, USD (US056752AM06) |
| Zhengzhou Metro Group Co, 5% 20dec2021, USD (XS1918137586) |
| Fantasia Holdings Group, 12% 15jul2019, USD (XS1839694475) |
| China Fortune Land Development, 8.625% 28feb2021, USD (XS1953977326) |
| FU JI Food & Catering Services Holdings, 0% 18oct2010, CNY (Conv.) (XS0325832375) |
| China Travel Service (Hong Kong), 3.5% 21mar2022, USD (XS1964779349) |
| Yunnan Metropolitan Construction Investment Group, 5.5% 8apr2022, USD (XS1901086782) |
| Kaisa Group Holdings, 11.25% 9apr2022, USD (XS1973544700) |
| China Evergrande Group, 10% 11apr2023, USD (XS1982037779) |
| ICBC (Singapore Branch), 3.3% 25apr2022 (BRBR Bond), CNY (XS1982691237) |
| Bank of China (Hong Kong Branch), 2.45% 17apr2021, HKD (HK0000498771) |
| Yuexiu REIT, 3.6% 28may2024, HKD (XS2001183321) |
| VCREDIT Holdings, 11% 20jun2021, USD (XS2013677351) |
| JOYY, 1.375% 15jun2026, USD (Conv.) (USG9887YAC15) |
| Luye Pharma Group, 1.5% 9jul2024, USD (Conv.) (XS2019971279) |
| Jingrui Holdings, 12% 25jul2022, USD (XS2016006699) |
| CEFC Shanghai International Group, 7.5% perp., CNY (CND100014QL1) |
| Industrial Bank, 3.55% 18jul2022, CNY (CND10002DCY5) |
| State Power Investment Corporation, 2.99% 20oct2021, CNY (CND10000KSX2) |
| Guangxi Communication Investment Group, 3.5% 17sep2022, USD (XS2050613632) |
| JIC Leasing, 3.375% 25jul2022, USD (XS2021160275) |
| Hong Kong International (Qingdao), 4% 8oct2024, USD (XS2053240383) |
| Jumbo Fortune Enterprises, 8.5% 3oct2021, USD (XS2054446617) |
| China Construction Bank (Luxembourg Branch), 0.05% 22oct2022, EUR (XS2066776274) |
| Chengdu Economic&Technological Development Zone Construction&Development, 6.4% 3sep2022, USD (XS2039615963) |
| Guangzhou Metro Group, 4.4% 27aug2020, USD (XS1865076738) |
| Redsun Properties Group, 13% 30oct2021, USD (XS2069270895) |
| Kaisa Group Holdings, 11.95% 12nov2023, USD (XS2078247983) |
| Yango Group, 10% 12feb2023, USD (XS2056435246) |
| Chalieco Hong Kong Corporation, 5% perp., USD (XS2079799024) |
| Jintan Guofa International Investment Development, 7% 10dec2022, USD (XS2049471803) |
| Bank of Communications Financial Leasing, 3.68% 22may2022, CNY (CND100029N44) |
| Bank of Hunan, 3.7% 25apr2022, CNY (CND100027JY1) |
| Nanjing Yang Zi State-Owned Investment Group, 4.47% 19mar2024, CNY (CND100024850) |
| Chery HuiYin Motor Finance Service, 5% 11sep2022, CNY (CND10002G1X8) |
| Huishang Bank Corporation, 3.8% 8mar2024, CNY (CND100023DX5) |
| Taizhou Fengcheng River Construction, 6.58% 28mar2026, CNY (CND100025LG8) |
| Fortune Auto Finance, 6% 12sep2022, CNY (CND10002G1W0) |
| Changsha Chengbei Investment, 7% 26oct2025, CNY (CND10001QPJ2) |
| Bank of East Asia (China), 4.94% 25apr2029, CNY (CND100027JW5) |
| China Southern Power Grid, 3.59% 25oct2025, CNY (CND10002HSG9) |
| Jiangxi Heji Investment, 7.6% 27nov2022, CNY (CND10001SWY3) |
| Wuhu County Construction Investment, 7.2% 19aug2029, CNY (CND10002F5D2) |
| CITIC Trust, FRN 12jan2020, CNY (ABS) (CNM100004556) |
| China Resources Trust, FRN 26sep2021, CNY (ABS) (CNM100004200) |
| CITIC Trust, FRN 26jun2029, CNY (ABS) (CNM100004929) |
| China Resources Trust, FRN 19feb2039, CNY (ABS) (CNM1000048W3) |
| CCB Trust, FRN 26aug2041, CNY (ABS) (CNM100004B46) |
| China Resources Trust, 3.8% 26mar2020, CNY (ABS) (CNM1000045H0) |
| Shanghai International Trust, 3.63% 26aug2020, CNY (ABS) (CNM100004317) |
| China Resources Trust, 4.14% 26oct2020, CNY (ABS) (CNM1000041Z1) |
| Bank of Communications International Trust, 3.12% 26mar2021, CNY (ABS) (CNM100004GF6) |
| China Huaneng Group, 2.6% 10dec2024, USD (XS2080205797) |
| Chengdu Xingrong Environment, 4.26% 29apr2024, CNY (CND100027SW6) |
| ICBC Financial Leasing, 4.08% 29oct2021, CNY (CND10001QP09) |
| Bank of Shaoxing, 4.04% 23nov2021, CNY (CND10001RTP9) |
| China Industrial International Trust, FRN 17mar2021, CNY (ABS) (CNM100004F42) |
| Chongqing International Trust, FRN 26apr2022, CNY (ABS) (CNM100004FQ5) |
| Shanxi Jinzhong State Owned Asset Operation, 7.5% 5may2026, CNY (CND100028XV6) |
| Wuxi Huiji Industry Development, 5.27% 7dec2025, CNY (CND10001TMM7) |
| Kunming Airport Investment Development Group, 7.5% 28jan2026, CNY (CND10001XSC7) |
| Tongxiang Industry Development and Investment, 5.16% 24may2026, CNY (CND100029RX2) |
| Weinan City Industrial Investment Development Group, 7.5% 28apr2026, CNY (CND100027T16) |
| Pearl River Life Insurance, 7.25% 28mar2029, CNY (CND100025G39) |
| Fangchenggang City Cultural Tourism Group, 7.95% 11oct2025, CNY (CND10001Q6Z1) |
| State Grid Corporation of China, 2.25% 19jun2020, CNY (CND10002H1B3) |
| Beijing Energy International Holding, 8% 20jan2022, USD (XS2082299400) |
| China Construction Bank, 0% 14feb2020, USD (262D, ECP) (US16891MBE84) |
| China Communications Construction, 3.425% perp., USD (XS2102904864) |
| China National Nuclear Corporation, 4.6% 26apr2022, CNY (CND10000KRQ8) |
| Bank of China (Sydney Branch), FRN 20apr2022, AUD (AU3FN0035473) |
| Bank of Communications, 3.725% perp., USD (XS2085545494) |
| Beijing Properties (Holdings), 5.95% 27feb2023, USD (XS2092236780) |
| ICBC (Sydney Branch), FRN 24feb2023, AUD (130) (AU3FN0053161) |
| Jinxinyue Development, 4% 10mar2023, USD (XS2126005474) |
| Beijing Infrastructure Investment, 4.3% 5sep2029, CNY (CND10002G1Q2) |
| Bank of China (Hong Kong Branch), 2.475% 16jul2020, USD (HK0000516499) |
| Bank of China (Hong Kong Branch), 2.08% 18nov2020, USD (HK0000545688) |
| Bank of China (Hong Kong Branch), 2.08% 17dec2020, USD (HK0000554987) |
| Bank of China (Hong Kong Branch), 2.2% 24mar2020, USD (HK0000555174) |
| Bank of China (Hong Kong Branch), 2.06% 31mar2020, USD (HK0000555257) |
| Bank of China (Hong Kong Branch), 1.32% 8jan2021, USD (HK0000555356) |
| Bank of China (Hong Kong Branch), 1.84% 10jul2020, HKD (HK0000555406) |
| Bank of China (Hong Kong Branch), 2% 20jan2021, USD (HK0000564986) |
| China Development Bank Corp (Hong Kong Branch), 2.95% 7aug2020, CNY (HK0000520731) |
| China Development Bank Corp (Hong Kong Branch), FRN 2nov2021, USD (HK0000545944) |
| China Merchants Bank (Hong Kong Branch), 4.1% 28oct2021, CNY (HK0000313046) |
| Bank of China (Hong Kong Branch), 1.38% 24aug2020, USD (HK0000565777) |
| Ningbo Yinzhou Rural Commercial Bank, 3.62% 24dec2022, CNY (CND10002JYF5) |
| Bank of China, 3.25% 5dec2021, CNY (CND10002HXV8) |
| Xi'an Investment, 5.95% 5nov2026, CNY (CND10002HT96) |