| Amundi Funds - Global Subordinated Bond | LU1883335082 | EUR | 802,161,632.85 M | 13.39% | 2.94 |
| Amundi Funds - European Subordinated Bond ESG | LU1328849788 | EUR | 603,953,677.47 M | 12.75% | 2.40 |
| Lazard Capital Fi SRI | FR0013236783 | CHF | 2,089,443,021.85 M | 11.86% | -0.89 |
| EdR SICAV - Corporate Hybrid Bonds | FR00140058Z6 | EUR | 731,423,030.99 M | 9.98% | 2.86 |
| Axiom Lux - Axiom Obligataire | LU1876461549 | EUR | 832,226,238.4 M | 9.85% | 3.23 |
| BlueBay Funds - BlueBay Financial Capital Bond Fund | LU1629054906 | EUR | 1,874,941,885.72 M | 9.75% | 2.23 |
| Welzia Capital Sub-Debt FI | ES0184532002 | EUR | 24,699,652.47 M | 9.33% | 2.51 |
| Mutuafondo Bonos Subordinados IV FI | ES0164743009 | EUR | 204,552,824.81 M | 9.19% | 3.70 |
| Swisscanto (LU) Bond Fund - Swisscanto (LU) Bond Fund Committed Corporate Hybrid | LU2508240509 | CHF | 222,973,446.73 M | 9.10% | N/A |
| Kairos International SICAV - Financial Income | LU1559732349 | EUR | 725,124,083.9 M | 9.06% | 2.06 |
| Assenagon Credit - Assenagon Credit Financial Opportunities | LU1483616147 | EUR | 103,891,349.51 M | 8.96% | 2.39 |
| Groupama Euro Financial Debt | FR0013259173 | EUR | 525,738,627 M | 8.95% | 2.47 |
| DWS Global Hybrid Bond Fund | DE000DWS3EZ0 | CHF | 213,257,446.22 M | 8.87% | N/A |
| EdR SICAV - Financial Bonds | FR0013233707 | EUR | 2,484,786,081.69 M | 8.62% | 2.34 |
| Caixabank Renta Fija Subordinada FI | ES0137794022 | EUR | 13,868,785.63 M | 8.47% | 2.89 |
| UBS (Lux) Key Selection SICAV - European Financial Debt (EUR) | LU2526003962 | EUR | 72,949,054.48 M | 8.42% | 1.90 |
| Lazard Credit Fi SRI | FR0010752543 | EUR | 2,573,889,168.31 M | 8.36% | 2.86 |
| La Française Sub Debt | FR0011766401 | EUR | 660,760,694.09 M | 8.21% | 1.82 |
| Tikehau Subfin Fund | LU1585264507 | EUR | 374,986,669.09 M | 8.13% | 2.15 |
| Groupama Corporate Hybrid | LU2023296085 | EUR | 141,291,259.96 M | 8.10% | 2.20 |
| Gesconsult Oportunidad Renta Fija FI | ES0140986003 | EUR | 15,478,716.32 M | 7.89% | 3.31 |
| Nordea 1 - European Financial Debt Fund | LU0772944145 | EUR | 1,750,823,829.22 M | 7.76% | 2.70 |
| Principal Global Investors Funds - Principal Capital Securities Fund | IE000D2U6QW4 | EUR | 92,936,478 M | 7.62% | 1.97 |
| R-co Conviction Subfin | FR00140060Y5 | EUR | 103,622,352.75 M | 7.62% | 1.95 |
| DWS Invest - Corporate Hybrid Bonds | LU1663847967 | EUR | 265,053,942.27 M | 7.61% | 2.56 |
| Financials Credit Fund FI | ES0136469006 | EUR | 197,409,271.4 M | 7.33% | 2.72 |
| Bestinver Deuda Corporativa FI | ES0114357009 | EUR | 85,058,554.22 M | 7.14% | 2.07 |
| Nomura Funds Ireland - Corporate Hybrid Bond Fund | IE000G69IJR0 | GBP | 415,648,109.86 M | 7.11% | N/A |
| iMGP European Subordinated Bonds Fund | LU1457568472 | EUR | 29,092,075.46 M | 7.00% | 1.61 |
| Robeco Corporate Hybrid bonds | LU1700711663 | EUR | 265,734,875.62 M | 6.97% | 2.05 |
| Robeco Financial Institutions Bonds | LU1171710608 | EUR | 2,269,370,390.02 M | 6.89% | 1.69 |
| La Française Flexible Financial Bonds | FR0013175221 | EUR | 17,701,272.62 M | 6.78% | 1.75 |
| Echiquier Hybrid Bonds | FR0013277571 | EUR | 152,824,191.5 M | 6.44% | 1.58 |
| GAM Star Fund plc - GAM Star Credit Opportunities (EUR) | IE00B544NZ88 | CHF | 430,845,058.88 M | 6.39% | -1.03 |
| JSS Twelve Sustainable Insurance Bond | LU1111708357 | EUR | 722,467,079.14 M | 6.33% | 1.55 |
| Lemanik SICAV - Selected Bond | LU1112682403 | EUR | 65,157,066.9 M | 6.10% | 1.66 |
| Generali Investments SICAV - Euro Subordinated Debt Fund | LU0183831360 | EUR | 40,962,781.05 M | 6.00% | 1.12 |
| Principal Global Investors Funds - High Grade Capital Securities Fund | IE0000R8LK58 | EUR | 179,086,209 M | 5.81% | 1.43 |
| Mutuafondo Bonos Financieros FI | ES0124143019 | EUR | 181,393,735.99 M | 5.78% | 1.66 |
| Algebris UCITS Funds plc - Algebris Financial Credit Fund | IE00BMMVVZ61 | GBP | 14,940,595,149.92 M | 5.29% | -0.95 |
| Caixabank Bonos Subordinados 2 FI | ES0118539016 | EUR | 49,785,307.71 M | 4.62% | 3.24 |
| UBS Hybrid and Subordinated Debt FI | ES0125104002 | EUR | 46,598,379.15 M | 4.58% | 3.43 |
| CS Investment Funds 1 - UBS (Lux) Financial Bond Fund | LU1238154758 | USD | 107,146,036.03 M | 4.48% | 0.26 |
| Caixabank Bonos Subordinados FI | ES0145883015 | EUR | 93,294,803.41 M | 4.27% | 3.04 |
| AZ Fund 1 AZ Bond - Hybrids | LU2056384741 | EUR | 1,450,241,500.3 M | 4.06% | 0.52 |
| Man Financial Credit Opportunities | IE000OU4PAF5 | USD | 40,480,254.12 M | 3.89% | N/A |
| Cape Capital SICAV UCITS - Cape Select Bond Fund | LU1968842978 | EUR | 77,184,884.02 M | 2.59% | -1.02 |
| Gestión Boutique II JMK Global FI | ES0168797035 | EUR | 593,733.5 M | 2.15% | 0.03 |
| Neuberger Berman Corporate Hybrid Bond Fund | IE00BDFBJ784 | USD | 2,498,009,951.67 M | 1.24% | -0.06 |
| Algebris UCITS Funds plc - Algebris IG Financial Credit Fund | IE00BK1KGY47 | USD | 1,185,869,792.54 M | 0.54% | -0.06 |
| Unifond Capital Financiero FI | ES0111046050 | EUR | 35,917,628.87 M | - | N/A |