| Banco Bilbao (BBVA), 3.104% 15jul2031, GBP (167) (XS2206805769) |
| El Corte Ingles, 3.625% 15mar2024, EUR (XS2239813301) |
| Banco Santander, 1.192% 7dec2045, EUR (1068) (XS2266975783) |
| Caixabank, 0.5% 9feb2029, EUR (18) (XS2297549391) |
| Banco Santander, FRN 4sep2030, USD (ES0413900707) |
| Via Celere Desarrollos Inmobiliarios, 5.25% 1apr2026, EUR (XS2321651031) |
| Banco de Credito Social Cooperativo, 5.25% 27nov2031, EUR (2) (XS2332590632) |
| BBVA Global Markets, 0% 24jun2024, EUR (1098D, Structured) (XS2272069266) |
| Bankinter, 1.25% 23dec2032, EUR (ES0213679OF4) |
| Lorca Telecom Bondco, 4% 18sep2027, EUR (XS2397086252) |
| BBVA Global Markets, FRN 29apr2025, USD (Structured) (XS2311595172) |
| Banco Bilbao (BBVA), 0.875% 14jan2029, EUR (171) (XS2430998893) |
| Instituto de Credito Oficial, 0.575% 20oct2033, EUR (586) (XS2398289731) |
| Banco Santander, 3.496% 24mar2025, USD (US05964HAP01) |
| Banco Santander, 3.125% 6oct2026, GBP (145) (XS2450068379) |
| Grenergy Renovables, 4% 5apr2027, EUR (ES0305079016) |
| Caixabank, 1.625% 13apr2026, EUR (25) (XS2468378059) |
| Iberdrola, 3.724% 8dec2025, USD (126) (XS1924319301) |
| Santander Consumer Finance, 0.375% 17jan2025, EUR (XS2100690036) |
| Buran Energy IM 1, 0% 20may2020, EUR (121D, ABS) (ES0505410060) |
| Banco Santander, 2.746% 28may2025, USD (92) (US05971KAE91) |
| CEPSA, 2.25% 13feb2026, EUR (3) (XS2202744384) |
| Banco Bilbao (BBVA), 3.104% 15jul2031, GBP (167) (XS2206805769) |
| El Corte Ingles, 3.625% 15mar2024, EUR (XS2239813301) |
| Banco Santander, 1.192% 7dec2045, EUR (1068) (XS2266975783) |
| Caixabank, 0.5% 9feb2029, EUR (18) (XS2297549391) |
| Banco Santander, FRN 4sep2030, USD (ES0413900707) |
| Via Celere Desarrollos Inmobiliarios, 5.25% 1apr2026, EUR (XS2321651031) |
| Banco de Credito Social Cooperativo, 5.25% 27nov2031, EUR (2) (XS2332590632) |
| BBVA Global Markets, 0% 24jun2024, EUR (1098D, Structured) (XS2272069266) |
| Bankinter, 1.25% 23dec2032, EUR (ES0213679OF4) |
| Lorca Telecom Bondco, 4% 18sep2027, EUR (XS2397086252) |
| BBVA Global Markets, FRN 29apr2025, USD (Structured) (XS2311595172) |
| Banco Bilbao (BBVA), 0.875% 14jan2029, EUR (171) (XS2430998893) |
| Instituto de Credito Oficial, 0.575% 20oct2033, EUR (586) (XS2398289731) |
| Banco Santander, 3.496% 24mar2025, USD (US05964HAP01) |
| Banco Santander, 3.125% 6oct2026, GBP (145) (XS2450068379) |
| Grenergy Renovables, 4% 5apr2027, EUR (ES0305079016) |
| Caixabank, 1.625% 13apr2026, EUR (25) (XS2468378059) |
| Construcciones y Auxiliar de Ferrocarriles (CAF), 0% 20jun2025, EUR (121D) (ES0521975492) |
| The Nimo's, 0% 14jul2025, EUR (199D) (ES0505555542) |
| Avanza Grupo, 7.5% 1jun2018, EUR (XS0936772341) |
| Caixabank, 3.625% 18jan2021, EUR (ES0414970246) |
| Abengoa, 7% 31mar2027, EUR (XS1219438592) |
| Canal Isabel II, 1.68% 26feb2025, EUR (ES0205061007) |
| Viesgo HoldCo, 2.375% 27nov2023, EUR (1) (XS1326311070) |
| Banco Santander, 2.038% 29feb2036, EUR (ES0413900400) |
| Caja Rural de Navarra, 0.55% 15apr2023, EUR (ES0415306044) |
| Bankinter, 6% 18dec2028, EUR (ES0213679030) |
| Caixabank, 6% perp., EUR (XS1645651909) |
| Banco Santander, FRN 28mar2023, EUR (XS1689234570) |
| Administrador de Infraructructas Ferroviarias (ADIF), 9.9% 19dec2024, EUR (ES0200190405) |
| Inmobiliaria Colonial, 1.625% 28nov2025, EUR (3) (XS1725677543) |
| Asset-Backed European Securitisation Transaction Thirteen, FRN 23aug2030, EUR (ABS) (ES0305106009) |
| Instituto de Credito Oficial, 0.75% 31oct2023, EUR (XS1915152000) |
| Caixabank, 0.875% 25mar2024, EUR (2019-1) (ES0313307201) |
| Banco Santander, 0.25% 19jun2024, EUR (XS2014287937) |
| Abertis Infraestructuras, 0.625% 15jul2025, EUR (5) (XS2025466413) |
| TDA-28, FRN 28oct2050, EUR (ABS) (ES0377930039) |
| Bancaja 8, FRN 25oct2037, EUR (ABS) (ES0312887013) |
| Driver Espana Five, FRN 21dec2028, EUR (ABS) (ES0305319008) |
| GS Pastor Hipotecario 5, FRN 30jun2046, EUR (ABS) (ES0332235029) |
| Bankinter 10, FRN 21jun2043, EUR (ABS) (ES0313529010) |
| Hipocat 8, FRN 15mar2038, EUR (ABS) (ES0345784021) |
| Merlin Properties Socimi, 1.875% 4dec2034, EUR (XS2089229806) |
| Servicios Medio Ambiente Holding, 0.815% 4dec2023, EUR (XS2081491727) |
| Servicios Medio Ambiente Holding, 1.661% 4dec2026, EUR (XS2081500907) |
| Amper, 0% 28may2020, EUR (182D) (ES0509260008) |
| IM BCC Cajamar 2, FRN 22dec2061, EUR (ABS) (ES0305459010) |
| Banco Bilbao (BBVA), FRN 20dec2024, EUR (Structured) (ES0305067C50) |
| Ibercaja Banco, 2.75% 23jul2030, EUR (ES0244251015) |
| Telefonica SA, 0.664% 3feb2030, EUR (64) (XS2112289207) |
| Ormazabal, 0% 9mar2020, EUR (28D) (ES0505457053) |
| Redexis Gas, 1.875% 28may2025, EUR (3) (XS2178957077) |
| Banco Bilbao (BBVA), 0.75% 4jun2025, EUR (166) (XS2182404298) |
| Repsol, 3.75% perp., EUR (XS2185997884) |
| Tubacex, 0% 21sep2020, EUR (125D) (ES05329451S1) |
| FSL Issuer, 1.683% 31dec2041, EUR (XS2180488111) |
| Banco Bilbao (BBVA), 0.875% 18sep2023, USD (US05946KAH41) |
| Banco Bilbao (BBVA), 1.125% 18sep2025, USD (US05946KAJ07) |
| Global Agrajes, FRN 22dec2025, EUR (NO0010912801) |
| Cellnex Telecom, 0.75% 15nov2026, EUR (1) (XS2300292617) |
| Acciona, 1.7% 23mar2027, EUR (41) (XS2318337149) |
| Cobra Instalaciones y Servicios, 0% 12oct2021, EUR (180D) (ES0505390189) |
| Via Celere Desarrollos Inmobiliarios, 0% 17sep2021, EUR (133D) (ES0505514069) |
| Merlin Properties Socimi, 1.375% 1jun2030, EUR (XS2347367018) |
| Banco Bilbao (BBVA), 0.01% 28dec2021, EUR (ES0305067D75) |
| Bankinter, FRN 21may2026, EUR (Structured) (ES0213679NT7) |
| Banco de Sabadell, 0.875% 16jun2028, EUR (1) (XS2353366268) |
| Banco Santander, 0.701% 30jun2024, USD (US05971KAK51) |
| Autonoria Spain 2021, FRN 31jan2039, EUR (ABS, A) (ES0305565006) |
| Helios RE Socimi, 1.75% 22jul2026, EUR (XS2363989273) |
| Vidrala, 0% 11apr2022, EUR (276D) (ES0583746294) |
| ABANCA Corporacion Bancaria, 0.5% 8sep2027, EUR (ES0265936023) |
| Werfen, 0.5% 28oct2026, EUR (XS2392462730) |
| Telefonica SA, 2.88% perp., EUR (XS2410367747) |
| BBVA Global Markets, FRN 1dec2026, USD (Structured) (XS2317514243) |
| Banco de Sabadell, FRN 30nov2026, EUR (ES0213860333) |
| Banco Santander, 0.1% 26jan2025, EUR (XS2436160779) |
| BBVA Global Markets, 0% 9feb2027, USD (1825D, Structured) (XS2339660537) |