| Nan Hai Corporation, 2.9% 11jun2022, USD (XS2180859899) |
| Huaneng Guicheng Trust, FRN 17apr2021, CNY (ABS) (CNM100004R22) |
| Jinjiang Urban Construction Investment Development, 5.18% 17apr2021, CNY (CND1000160Y3) |
| China Guodian, 5.2% 19mar2021, CNY (CND100016HD2) |
| Changzhou Urban Construction (Group), 6.3% 5jan2023, CNY (CND100015KM9) |
| Kangde Xin Composite Material Group Co, 5.48% 14jul2022, CNY (CND100014786) |
| China Exim Bank, 0.9% 12jun2023, USD (XS2188543206) |
| China Railway (CR), 3.07% 5jun2025, CNY (CND100038FR0) |
| Xianyang Financial Holdings Group, 3.8% 22jun2023, USD (XS2149506003) |
| New Development Bank, 0.625% 23jun2023, USD (1) (XS2192077514) |
| Neijiang Investment Holding Group, 7.5% 30jun2023, USD (XS2191767834) |
| CNPC, 3.77% 9jan2024, CNY (CND10001WQC3) |
| Chenzhou Baifu Investment, 7.5% 28dec2023, CNY (CND1000201T5) |
| Hebei Port Group, 4.37% 5dec2023, CNY (CND10001TG07) |
| Fujian Zhangzhou City Construction Investment Group, 4.88% 13nov2023, CNY (CND10001RWD9) |
| TISCO, 4.39% 5nov2021, CNY (CND10001QWD1) |
| Guangyuan Investment Holding (Group), 6.33% 5nov2023, CNY (CND10001QVM4) |
| Jilin Provincial Expressway Group, 5.48% 12oct2023, CNY (CND10001ZX81) |
| Yunnan Highway Development&Investment, 5.8% 13sep2023, CNY (CND10001PNB6) |
| Shandong Sanxing Group, 7.8% 12sep2021, CNY (CND10001Q310) |
| Zhuzhou City Construction Development Group, 5.57% 23jul2025, CNY (CND1000181L6) |
| Beijing Yizhuang Investment Holdings, 4.67% 18jul2021, CNY (CND1000185X2) |
| Taizhou Urban Construction Investment, 5.38% 16jul2023, CNY (CND10001L3S8) |
| Longyuan Power, 3.8% 17jun2022, CNY (CND10002H3V7) |
| Central Huijin Investment, 3.45% 22may2022, CNY (CND10002B4H0) |
| Jin Hua Rong Sheng Investment and Development, 7.5% 22apr2024, CNY (CND100027PK7) |
| Zhejiang Hengyi Group, 6.68% 1apr2021, CNY (CND100025NV3) |
| Jiangsu Yancheng Port Dafeng Port Development Group, 7.49% 27mar2022, CNY (CND1000257Q3) |
| China Nuclear Engineering Group, 3.62% 27mar2022, CNY (CND100025BB0) |
| Changshu City Management Investment, 4.65% 25mar2024, CNY (CND1000259X5) |
| China National Chemical Corporation, 3.89% 25mar2022, CNY (CND100025DZ5) |
| Zhejiang Communications Investment Group, 3.65% 20mar2022, CNY (CND1000249L1) |
| Central Huijin Investment, 3.76% 8mar2024, CNY (CND1000238G4) |
| Haian Development Zone Construction Investment, 7.49% 27feb2022, CNY (CND100020VB9) |
| Jianhu County City Construction Investment, 7% 1feb2021, CNY (CND10001ZN75) |
| China Telecom, 3.42% 23jan2022, CNY (CND100020NC4) |
| China Reform Holdings, 3.99% 23jan2024, CNY (CND10001X902) |
| Shandong Sanxing Group, 8% 22jan2022, CNY (CND10001XQC1) |
| Qianxinan Xing'an Development And Investment, 8% 22jun2027, CNY (CND10003C647) |
| China Industrial International Trust, 2.9% 26mar2021, CNY (ABS) (CNM100004RG1) |
| China Industrial International Trust, FRN 26dec2022, CNY (ABS) (CNM100004RH9) |
| Shanghai International Trust, 2.89% 26apr2021, CNY (ABS) (CNM100004RR8) |
| Guangzhou Finance Holdings Group, 4.05% 18jul2024, CNY (CND10002F394) |
| China Nuclear Engineering Group, 3.93% 11jul2024, CNY (CND10002DLF5) |
| Changzhou Investment Group, 4.84% 8jul2022, CNY (CND10002DPF6) |
| AVIC International Shenzhen, 3.6% 5jul2022, CNY (CND10002DMZ1) |
| China Communications Construction, 3.65% 26jun2022, CNY (CND10002H1Z2) |
| China Southern Power Grid, 3.64% 21jun2022, CNY (CND10002H804) |
| Xi'an Hitech, 2.8% 29sep2020, CNY (CND10002LFY1) |
| China Railway Group, 2.14% 15may2023, CNY (CND1000376G2) |
| Hunan Loudi Economic And Technological Development Investment Construction, 6.4% 11may2025, CNY (CND100037F10) |
| CITIC Trust, 3.5% 2dec2020, CNY (CND100039312) |
| Urumqi City Construction Investment, 3.95% 11jun2025, CNY (CND10003BRX7) |
| Beijing Tourism Group, 2.5% 23jul2020, CNY (CND10003B789) |
| Chongqing Free Trade Port Area Development Management Group, 2.3% 5mar2021, CNY (CND10003BBY9) |
| CITIC Securities Company, 2.2% 11sep2020, CNY (CND10003CBM2) |
| Jiangsu Guoxin Investment Group, 3.92% 27sep2024, CNY (CND10002T8H1) |
| Fuzhou Urban Construction Investment Group, 3.9% 23sep2024, CNY (CND10002GXF3) |
| Tianjin Infrastructure Constructing&Investment Group, 3.97% 20sep2022, CNY (CND10002H4P7) |
| Jurong City Urban Construction Investment, 5.8% 18sep2023, CNY (CND10002H655) |
| Qingdao Huatong State-owned Capital Investment and Operation Group, 4.7% 30aug2024, CNY (CND10002FGX3) |
| SDIC, 3.37% 21aug2022, CNY (CND10002FP50) |
| Chongqing International Logistics Hub Park Construction, 3.4% 20aug2024, CNY (CND10002FWT8) |
| Shandong Chenming Paper Holdings, 6.5% 13aug2022, CNY (CND10002FSD0) |
| Nanjing New Industrial Investment, 3.79% 24jul2022, CNY (CND10002DZS8) |
| Jiangsu Communications Holding, 3.97% 22jul2024, CNY (CND10002DTS1) |
| Shandong Energy Group, 4.2% 15jul2023, USD (XS2199572111) |
| Shandong Energy Group, 4% 16jul2023, USD (XS2201820706) |
| Beijing Supply and Marketing Cooperatives, 5.5% 1jul2023, CNY (CND10003CNC8) |
| Agricultural Bank of China, 4.39% perp., CNY (CND10002F5F7) |
| Bank of Communications, 4.2% perp., CNY (CND10002G2V0) |
| CITIC Bank Corporation, 4.2% perp., CNY (CND10002JRN3) |
| China Foreign Economy and Trade Trust (FOTIC), 2.89% 26jan2021, CNY (ABS) |
| China Foreign Economy and Trade Trust (FOTIC), 2.75% 26oct2021, CNY (ABS) (CNM100004SL9) |
| Guangdong Guangzhu Intercity Railway, 4.49% 18sep2020, CNY (CND100012152) |
| Wuxi Guolian Development Group, 4.9% 11jun2022, CNY (CND100011WG5) |
| Asian Infrastructure Investment Bank (AIIB), 0.25% 6aug2021, HKD (XS2213084176) |
| JiShi Media, 4.2% 22aug2022, CNY (CND10002FL21) |
| Sichuan Road & Bridge Group, 4.39% 18jun2022, CNY (CND10002H6N7) |
| Hubei Fuxing, 7.6% 15jun2021, CNY (CND10001L0G9) |
| Tsinghua Tongfang, 3.46% 15jul2021, CNY (CND100013663) |
| Tsinghua Tongfang, 3.24% 14jan2021, CNY (CND100012WY6) |
| Ming Yang Smart Energy Group, 6.1% 2may2021, CNY (CND100016JY4) |
| China Resources Trust, FRN 19oct2020, CNY (ABS) (CND1000198B1) |
| China Railway Trust (CRTC), FRN 22jul2028, CNY (ABS) (CND1000364Q7) |
| China Huaneng Group, 5.8% 7mar2021, CNY (CND10001K982) |
| Agricultural Development Bank of China (ADBC), 3.06% 5aug2023, CNY (CND10003J8Y7) |
| Hangzhou Binjiang Real Estate, 4.5% 17oct2020, CNY (CND10002HND7) |
| Chongqing Changshou Development & Investment , 5.75% 24jul2025, CNY (CND10003H1X6) |
| Jinke Property, 5.58% 30jul2024, CNY (CND10003J1S4) |
| Changzhou Investment Group, 3% 27apr2021, CNY (CND10003HS05) |
| Wuxi Guolian Development Group, 1.89% 27oct2020, CNY (CND10003J6F0) |
| Air China, 1.65% 3nov2020, CNY (CND10003HKD1) |
| Shanghai Pudong Development Bank, 0% 11dec2020, CNY (134D) (CND10003J3Z5) |
| CITIC Bank Corporation, 0% 30oct2020, CNY (92D) (CND10003HSQ6) |
| Shaanxi International Trust, 5.8% 27apr2040, CNY (ABS) (CND10003H9H2) |
| Zhongtai Financial International, 3.85% 12aug2023, USD (XS2203111120) |
| Guilin Bank, 4.8% perp., CNY (CND1000317S1) |
| Agricultural Bank of China (Macao Branch), 0% 25jun2021, USD (364D) (HK0000612090) |
| Bank of China (Hong Kong Branch), 0.93% 16jun2021, USD (HK0000611720) |