| Banco Santander, 2.41% 11apr2034, EUR (148) (XS2466078859) |
| Banco Santander, FRN 6may2024, EUR (SP-152) (XS2476266205) |
| Banco Santander, 3.892% 24may2024, USD (US05971KAM18) |
| Telefonica SA, 2.592% 25may2031, EUR (68) (XS2484587048) |
| Unicaja Banco, 4.5% 30jun2025, EUR (ES0380907057) |
| 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) |
| Banco Santander, 2.41% 11apr2034, EUR (148) (XS2466078859) |
| Banco Santander, FRN 6may2024, EUR (SP-152) (XS2476266205) |
| Banco Santander, 3.892% 24may2024, USD (US05971KAM18) |
| Telefonica SA, 2.592% 25may2031, EUR (68) (XS2484587048) |
| Unicaja Banco, 4.5% 30jun2025, EUR (ES0380907057) |
| Santander Consumo 7, FRN 20jul2038, EUR (7, ABS, C) (ES0305855027) |
| Banco Santander, 6.033% 17jan2035, USD (SNP-242) (US05964HBK05) |
| Caixabank, 6.25% perp., EUR (Conv.) (ES0840609061) |
| Kutxabank Emprestitos, 0% 23jan2026, EUR (364D) (ES05134248X6) |
| Amper, 0% 24mar2025, EUR (182D) (ES0509260974) |
| OKMobility, 0% 15jan2026, EUR (360D) (ES0505613382) |
| TSK Electronica y Electricidad, 0% 22sep2025, EUR (300D) (ES0505394793) |
| Abengoa, 4.5% 31mar2027, EUR (XS0481758307) |
| Abengoa, 0% 31mar2027, EUR (XS0882237729) |
| Empark Aparcamientos y Servicios, 6.75% 15dec2019, EUR (XS0982711045) |
| Obrascon Huarte Lain, 4.75% 15mar2022, EUR (XS1043961439) |
| Iberdrola, 1.875% 8oct2024, EUR (XS1116408235) |
| Banco Santander, FRN perp., EUR (II) (XS0202197694) |
| Abertis Infraestructuras, 2.5% 27feb2025, EUR (ES0211845294) |
| Banco Popular Espanol, 5.702% 22dec2019, EUR (ES0213790001) |
| Caixa Terrassa, 8% perp., EUR (XS0225115566) |
| Kutxabank, 4.4% 1mar2016, EUR (ES0314100076) |
| Autopistas del Atlantico, 3.75% 14dec2025, EUR (ES0211839214) |
| Repsol, 5.375% 27jan2031, EUR (XS1352121724) |
| Autopista del Sol, 3.75% 30dec2045, EUR (Class A1, A1) (XS1380416112) |
| Viesgo HoldCo, 2.875% 1jun2026, EUR (XS1419664997) |
| Banco Bilbao (BBVA), 4.6% 2feb2037, EUR (CH13) (ES0413211147) |
| Naviera Armas, FRN 31jul2023, EUR (XS1459821036) |
| Caixabank, 3.375% 15mar2027, EUR (ES0213307046) |
| Caixabank, 1.125% 17may2024, EUR (XS1614722806) |
| Iberdrola, 1.25% 13sep2027, EUR (120) (XS1682538183) |
| Tendam Brands, 5% 15sep2024, EUR (XS1681770464) |
| Caixabank, 0.75% 18apr2023, EUR (XS1752476538) |
| Banco Santander, FRN 21nov2024, EUR (XS1717591884) |
| Cirsa Gaming Corporation, 6.25% 20dec2023, EUR (XS1849558900) |
| ContourGlobal Power Holdings, 4.125% 1aug2025, EUR (XS1859543073) |
| MAPFRE, 4.125% 7sep2048, EUR (ES0224244097) |
| eDreams ODIGEO, 5.5% 1sep2023, EUR (XS1879565791) |
| Audax Renovables, 5.5% 10oct2023, EUR (ES0305039028) |
| Global Power Generation, FRN 15dec2033, BRL (001/001) (BRSISEDBS006) |
| Banco Bilbao (BBVA), 2.575% 22feb2029, EUR (XS1954087695) |
| Banco de Sabadell, 1.086% 21dec2026, EUR (ES0413860646) |
| Criteria Caixa, 1.375% 10apr2024, EUR (ES0305045009) |
| CEPSA, 1% 16feb2025, EUR (XS1996435688) |
| International Airlines Group, 0.5% 4jul2023, EUR (XS2020580945) |
| Caixabank, FRN 25jan2027, EUR (2019-1) (ES0413307150) |
| Banco Bilbao (BBVA), 4.25% 5oct2020, EUR (ES0305067B10) |
| AyT Promociones Inmobiliarias III, FRN 15dec2046, EUR (ABS) (ES0312379003) |
| TDA Ibercaja 4, FRN 26aug2044, EUR (ABS) (ES0338453014) |
| Wizink Master Credit Cards, 1.25% 28mar2033, EUR (2019-01, ABS) (ES0305279095) |
| Wizink Master Credit Cards, 1.25% 28mar2033, EUR (ABS) (ES0305279111) |
| BBVA RMBS 9, FRN 20sep2053, EUR (ABS) (ES0313199004) |
| BBVA-6 FTPYME, FRN 22mar2046, EUR (ABS) (ES0370460034) |
| IM Cajastur MBS 1, FRN 20dec2052, EUR (ABS) (ES0347458004) |
| Caixabank, 0.625% 1oct2024, EUR (XS2055758804) |
| Telefonica SA, 2.875% perp., EUR (XS2056371334) |
| Banco Bilbao (BBVA), 3.5% 2dec2024, EUR (Structured) (ES0305067C35) |
| Banco de Sabadell, FRN 20dec2024, EUR (ES0413860729) |
| Banco de Sabadell, 0.125% 10feb2028, EUR (ES0413860745) |
| Bankinter, 0.625% 6oct2027, EUR (ES0213679JR9) |
| Nexus Energia, 0% 30apr2020, EUR (90D) (ES0505280299) |
| Banco Santander, 0% 17mar2060, USD (1021, 14610D) (XS2125158761) |
| Banco Santander, 0.1% 27feb2032, EUR (ES0413900608) |