NPORT-P/A false 0001752724-20-114164 0000837274 XXXXXXXX S000007319 C000061781 C000020107 C000020106 Franklin Templeton Variable Insurance Products Trust 811-05583 0000837274 549300PIBKZH7YTTWU55 One Franklin Parkway San Mateo 94403-1906 650-312-2000 Franklin Mutual Global Discovery VIP Fund S000007319 YODRUTY3CCY05H8LZY15 2020-12-31 2020-03-31 N 395464722.62 1493030.69 393971691.93 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2758459.09000000 N BAE SYSTEMS PLC ORD GBP.025 8SVCSVKSGDWMW2QHOH83 000000000 847691.00000000 NS 5443362.69000000 1.381663404122 Long EC CORP GB N 2 N N N CHECK POINT SOFTWARE TECHNOLOGIES LTD ORD ILS.01 2549003ZVBH73EPNS513 M22465104 94267.00000000 NS USD 9477604.18000000 2.405656135741 Long EC CORP IL N 1 N N N N/A N/A 000000000 1.00000000 NC USD -5186.92000000 -0.00131657175 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 89546.05000000 USD 137315.30000000 AUD 2020-04-14 -5186.92000000 N N N N/A N/A 000000000 1.00000000 NC USD -31.23000000 -0.00000792696 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 43620.60000000 EUR 48078.63000000 USD 2020-04-07 -31.23000000 N N N ROYAL DUTCH SHELL PLC ORD GBP.07 A SHARES 21380068P1DRHMJ8KU70 000000000 226238.00000000 NS 3928370.06000000 0.997119879541 Long EC CORP GB N 2 N N N N/A N/A 000000000 1.00000000 NC USD 12259.39000000 0.003111743876 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 381580.04000000 USD 479836900.00000000 KRW 2020-04-17 12259.39000000 N N N N/A N/A 000000000 1.00000000 NC USD -15614.67000000 -0.00396339897 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 467433.90000000 GBP 564861.15000000 USD 2020-04-17 -15614.67000000 N N N N/A N/A 000000000 1.00000000 NC USD -1826.87000000 -0.00046370590 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 160057.08000000 USD 152263.90000000 CHF 2020-04-14 -1826.87000000 N N N AVAYA HOLDINGS CORP WTS EXP 12/15/2022 549300NZS2OZN6Q63A60 05351X119 5179.00000000 OU Warrants USD 828.64000000 0.000210329832 Long CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -1852.60000000 -0.00047023683 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 435373.75000000 CHF 450580.85000000 USD 2020-04-14 -1852.60000000 N N N ANTHEM INC COM USD.01 8MYN82XMYQH89CTMTH67 036752103 17632.00000000 NS USD 4003169.28000000 1.016105817245 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 148201.90000000 0.037617398162 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 9254589.00000000 EUR 10355237.27000000 USD 2020-04-07 148201.90000000 N N N N/A N/A 000000000 1.00000000 NC USD 1402.57000000 0.000356007811 N/A DFE N/A N N/A UBS AG BFM8T61CT2L1QCEMIK50 290947.66000000 USD 356186851.00000000 KRW 2020-04-17 1402.57000000 N N N BRITISH AMERICAN TOBACCO PLC SPONSORED ADR 213800FKA5MF17RJKT63 110448107 83985.00000000 NS USD 2871447.15000000 0.728846058947 Long EC CORP GB N 1 N N N HEWLETT PACKARD ENTERPRISE CO COM USD.01 549300BX44RGX6ANDV88 42824C109 376580.00000000 NS USD 3656591.80000000 0.928135669364 Long EC CORP US N 1 N N N WESTERN DIGITAL CORP COM USD.01 549300QQXOOYEF89IC56 958102105 99612.00000000 NS USD 4145851.44000000 1.052322165506 Long EC CORP US N 1 N N N ALLEGHANY CORP COM USD1 549300DCJE6AYX159479 017175100 2730.00000000 NS USD 1507915.50000000 0.382747169628 Long EC CORP US N 1 N N N CITIZENS FINANCIAL GROUP INC COM USD.01 2138004JDDA4ZQUPFW65 174610105 199223.00000000 NS USD 3747384.63000000 0.951181190618 Long EC CORP US N 1 N N N WELLS FARGO & CO COM USD.1666 PBLD0EJDB5FWOLXP3B76 949746101 234620.00000000 NS USD 6733594.00000000 1.709156809468 Long EC CORP US N 1 N N N N/A N/A 000000000 -128.00000000 NC USD 444253.12000000 0.112762700747 N/A DFE US N 1 JP MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 MORGAN STANLEY 9R7GPTSO7KV3UQJZQ078 Short GBP/USD Jun 20 Future GBP/USD Jun 20 Future 2020-06-15 -10409053.12000000 USD 443936.96000000 N N N DISH NETWORK CORP COM A USD.01 529900U350CWHH15G169 25470M109 42239.00000000 NS USD 844357.61000000 0.214319360323 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -107.40000000 -0.00002726084 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 163917.41000000 USD 266641.20000000 AUD 2020-04-14 -107.40000000 N N N CALTEX AUSTRALIA LTD ORD AUD1 5493009TD1CGVRZ27U11 000000000 141080.00000000 NS 1934372.73000000 0.490992822485 Long EC CORP AU N 1 N N N DUFRY AG ORD CHF5 549300X53WDBVW7TIF57 H2082J107 44773.00000000 NS 1373380.02000000 0.348598655216 Long EC CORP CH N 2 N N N WALTER ENERGY INC ESRW USD NPV REF SM # 560270 N/A 93317QAG0 966000.00000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N CVS HEALTH CORP COM USD1 549300EJG376EN5NQE29 126650100 155591.00000000 NS USD 9231214.03000000 2.343116071303 Long EC CORP US N 1 N N N ING GROEP NV ORD EUR.01 549300NYKK9MWM7GGW15 N4578E595 730668.00000000 NS 3742995.02000000 0.950066996352 Long EC CORP NL N 2 N N N LAFARGEHOLCIM LTD ORD CHF2 529900EHPFPYHV6IQO98 H4768E105 133134.00000000 NS 4856003.54000000 1.232576766165 Long EC CORP CH N 2 N N N ABBVIE INC COM USD NPV FR5LCKFTG8054YNNRU85 00287Y109 -23469.00000000 NS USD -1788103.11000000 -0.45386588595 Short EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 286377.19000000 0.072689788598 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 4726180.00000000 AUD 3189887.93000000 USD 2020-04-14 286377.19000000 N N N CHARTER COMMUNICATIONS INC COM USD.001 CL A 0J0XRGZE3PBRFEZ7MV65 16119P108 19886.00000000 NS USD 8676460.66000000 2.202305606652 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 50046.96000000 0.012703186808 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 8993308.28000000 GBP 11218252.75000000 USD 2020-04-17 50046.96000000 N N N JPMORGAN CHASE & CO COM USD1 8I5DZWZKVSZI1NUHU748 46625H100 64286.00000000 NS USD 5787668.58000000 1.469056964891 Long EC CORP US N 1 N N N INTERNATIONAL PAPER CO COM USD1 824LMFJDH41EY779Q875 460146103 134900.00000000 NS USD 4199437.00000000 1.065923538675 Long EC CORP US N 1 N N N CREDIT SUISSE GROUP AG ORD CHF 0.04 549300506SI9CRFV9Z86 H3698D419 647755.00000000 NS 5225541.15000000 1.326374776929 Long EC CORP CH N 2 N N N HEINEKEN NV ORD EUR1.6 724500K5PTPSST86UQ23 N39427211 7750.00000000 NS 657516.18000000 0.166894270189 Long EC CORP NL N 2 N N N N/A N/A 000000000 1.00000000 NC USD -536.28000000 -0.00013612145 N/A DFE N/A N N/A UBS AG BFM8T61CT2L1QCEMIK50 700000.00000000 EUR 771505.00000000 USD 2020-04-07 -536.28000000 N N N N/A N/A 000000000 1.00000000 NC USD -2773.39000000 -0.00070395666 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 98358.79000000 USD 91981.21000000 CHF 2020-04-14 -2773.39000000 N N N N/A N/A 000000000 1.00000000 NC USD 32372.54000000 0.008216971082 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 439169.36000000 USD 379713.78000000 GBP 2020-04-17 32372.54000000 N N N PLAINS ALL AMERICAN PIPELINE LP MLP USD NPV 5521FA2ITF25TVH63740 726503105 61910.00000000 OU Units USD 326884.80000000 0.082971646617 Long EC CORP US N 1 N N N MEDTRONIC PLC ORD USD.1 549300GX3ZBSQWUXY261 000000000 146210.00000000 NS USD 13185217.80000000 3.346742436089 Long EC CORP IE N 1 N N N STANDARD CHARTERED PLC ORD USD.50 U4LOSYZ7YG4W3S5F2G91 G84228157 892332.00000000 NS 4930738.89000000 1.251546492044 Long EC CORP GB N 2 N N N NOVARTIS AG ADR 5493007HIVTX6SY6XD66 66987V109 149297.00000000 NS USD 12309537.65000000 3.124472621293 Long EC CORP CH N 1 N N N DEUTSCHE BANK AG ORD EUR NPV *REGISTERED* 7LTWFZYICNSX8D621K86 D18190898 370317.00000000 NS 2353495.75000000 0.597376866969 Long EC CORP DE N 2 N N N United States Treasury Bill 05/28/2020 TBLM 254900HROIFWPRGM1V77 912796TW9 1000000.00000000 PA USD 999837.31000000 0.253784048570 Long STIV UST US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -842.18000000 -0.00021376662 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 700000.00000000 EUR 771199.10000000 USD 2020-04-07 -842.18000000 N N N N/A N/A 000000000 1.00000000 NC USD -8567.80000000 -0.00217472477 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 232181.52000000 USD 363986.49000000 AUD 2020-04-14 -8567.80000000 N N N JXTG Holdings Inc ORD JPY NPV 3538001KQ5SAOZSQTT44 J29699105 897639.00000000 NS 3089924.76000000 0.784301213334 Long EC CORP JP N 1 N N N N/A N/A 000000000 1.00000000 NC USD -859.95000000 -0.00021827710 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 114086.45000000 USD 108957.12000000 CHF 2020-04-14 -859.95000000 N N N N/A N/A 000000000 1.00000000 NC USD 9056.03000000 0.002298649924 N/A DFE N/A N N/A UBS AG BFM8T61CT2L1QCEMIK50 356186851.00000000 KRW 301406.26000000 USD 2020-04-17 9056.03000000 N N N CAPITAL ONE FINANCIAL CORP COM USD0.01 ZUE8T73ROZOF6FLBAR73 14040H105 76488.00000000 NS USD 3856524.96000000 0.978883772361 Long EC CORP US N 1 N N N SCHLUMBERGER LTD ORD USD0.01 213800ZUA17OK3QLGM62 806857108 173200.00000000 NS USD 2336468.00000000 0.593054792478 Long EC CORP US N 1 N N N KINDER MORGAN INC COM USD NPV 549300WR7IX8XE0TBO16 49456B101 640670.00000000 NS USD 8918126.40000000 2.263646496100 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 7196.20000000 0.001826577936 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 193882.75000000 USD 327305.60000000 AUD 2020-04-14 7196.20000000 N N N N/A N/A 000000000 1.00000000 NC USD -3300.52000000 -0.00083775562 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 455845056.00000000 KRW 370846.94000000 USD 2020-04-17 -3300.52000000 N N N VOYA FINANCIAL INC COM USD NPV 549300T065Z4KJ686G75 929089100 129550.00000000 NS USD 5253252.50000000 1.333408619859 Long EC CORP US N 1 N N N Avaya Holdings Corp COM USD 0.0010 549300NZS2OZN6Q63A60 05351X101 4.00000000 NS USD 32.36000000 0.000008213788 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD ORD NPV 549300T15RIMIKZC5Q38 136385101 308400.00000000 NS 4217904.09000000 1.070610954136 Long EC CORP CA N 1 N N N N/A N/A 000000000 1.00000000 NC USD 227109.98000000 0.057646268666 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 5775383.58000000 CHF 6228796.35000000 USD 2020-04-14 227109.98000000 N N N INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP BRAZIL LLC COM USD1 ***PRIVATE PLACEMENT** N/A 45904F983 424073.00000000 NS USD 7991.66000000 0.002028485843 Long EC CORP US Y 3 N N N GLAXOSMITHKLINE PLC ORD GBP.25 5493000HZTVUYLO1D793 000000000 807616.00000000 NS 15145695.21000000 3.844361287940 Long EC CORP GB N 2 N N N VISTRA ENERGY CORP ESRW A/C USD NPV REF SM# 599782 * FMA ONLY* 549300KP43CPCUJOOG15 000000000 5912263.65000000 NS USD 3251.75000000 0.000825376560 Long EC CORP US N 3 N N N EVEREST RE GROUP LTD ORD USD.01 549300N24XF2VV0B3570 G3223R108 10778.00000000 NS USD 2073902.76000000 0.526409080266 Long EC CORP BM N 1 N N N N/A N/A 000000000 1.00000000 NC USD 12434.55000000 0.003156203923 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 498183605.00000000 KRW 421332.55000000 USD 2020-04-17 12434.55000000 N N N N/A N/A 000000000 1.00000000 NC USD -12195.07000000 -0.00309541783 N/A DFE N/A N N/A THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 657589.08000000 EUR 713070.53000000 USD 2020-04-07 -12195.07000000 N N N N/A N/A 000000000 1.00000000 NC USD -27.88000000 -0.00000707665 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 13895.39000000 USD 22572.80000000 AUD 2020-04-14 -27.88000000 N N N CIE FINANCIERE RICHEMONT SA ORD CHF1 549300YIPGJ6UX2QPS51 H25662182 56843.00000000 NS 3036898.41000000 0.770841781835 Long EC CORP CH N 2 N N N IHEARTMEDIA INC COM USD NPV CL B N/A 45174J608 1606.00000000 NS USD 9978.88000000 0.002532892642 Long EC CORP US N 3 N N N MERCK & CO INC COM USD.5 4YV9Y5M8S0BRK1RP0397 58933Y105 140345.00000000 NS USD 10798144.30000000 2.740842685194 Long EC CORP US N 1 N N N FIRST HORIZON NATIONAL CORP COM USD.625 TF3RXI1ZB1TQ30H9JV10 320517105 353473.00000000 NS USD 2848992.38000000 0.723146469240 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -6003.67000000 -0.00152388359 N/A DFE N/A N N/A UBS AG BFM8T61CT2L1QCEMIK50 505408.06000000 USD 452803.60000000 EUR 2020-04-07 -6003.67000000 N N N GENERAL ELECTRIC CO COM USD.06 3C7474T6CDKPR9K6YT90 369604103 681750.00000000 NS USD 5413095.00000000 1.373980697314 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -1425.10000000 -0.00036172649 N/A DFE N/A N N/A UBS AG BFM8T61CT2L1QCEMIK50 356186851.00000000 KRW 291185.51000000 USD 2020-05-15 -1425.10000000 N N N N/A N/A 000000000 1.00000000 NC USD 1491.85000000 0.000378669338 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 438681.64000000 USD 536288300.00000000 KRW 2020-04-17 1491.85000000 N N N HARTFORD FINANCIAL SERVICES GROUP INC COM USD.01 IU7C3FTM7Y3BQM112U94 416515104 220196.00000000 NS USD 7759707.04000000 1.969610304229 Long EC CORP US N 1 N N N SAMSUNG ELECTRONICS CO LTD ORD KRW 100 9884007ER46L6N7EI764 Y74718100 282257.00000000 NS 11055056.19000000 2.806053433901 Long EC CORP KR N 1 N N N BP PLC ORD GBP.25 213800LH1BZH3DI6G760 000000000 1728946.00000000 NS 7086315.21000000 1.798686391726 Long EC CORP GB N 2 N N N BASF SE ORD EUR NPV***REGISTERED SHARES*** 529900PM64WH8AF1E917 000000000 113111.00000000 NS 5285590.05000000 1.341616709593 Long EC CORP DE N 2 N N N WALGREENS BOOTS ALLIANCE INC COM USD.01 549300RPTUOIXG4LIH86 931427108 102904.00000000 NS USD 4707858.00000000 1.194973673600 Long EC CORP US N 1 N N N ELI LILLY & CO COM NPV FRDRIPF3EKNDJ2CQJL29 532457108 70484.00000000 NS USD 9777540.48000000 2.481787570092 Long EC CORP US N 1 N N N JOHNSON CONTROLS INTERNATIONAL PLC ORD USD.01 549300XQ6S1GYKGBL205 000000000 206500.00000000 NS USD 5567240.00000000 1.413106604874 Long EC CORP IE N 1 N N N RSA INSURANCE GROUP PLC ORD GBP1 549300HOGQ7E0TY86138 G7705H157 501149.00000000 NS 2613727.17000000 0.663430196518 Long EC CORP GB N 2 N N N N/A N/A 000000000 1.00000000 NC USD 9290.29000000 0.002358111049 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 230304.79000000 USD 192936.31000000 GBP 2020-04-17 9290.29000000 N N N N/A N/A 000000000 1.00000000 NC USD -53905.51000000 -0.01368258458 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 12689026047.00000000 KRW 10370240.31000000 USD 2020-05-15 -53905.51000000 N N N ORACLE CORP COM USD0.01 1Z4GXXU7ZHVWFCD8TV52 68389X105 120000.00000000 NS USD 5799600.00000000 1.472085461670 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -5439.92000000 -0.00138078956 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 504844.28000000 USD 452803.57000000 EUR 2020-04-07 -5439.92000000 N N N ALTRIA GROUP INC COM USD.3333 XSGZFLO9YTNO9VCQV219 02209S103 107584.00000000 NS USD 4160273.28000000 1.055982793997 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 28765.96000000 0.007301529675 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 585160.22000000 USD 747981050.00000000 KRW 2020-04-17 28765.96000000 N N N United States Treasury Bill 04/07/2020 TBLM 254900HROIFWPRGM1V77 9127962A6 1500000.00000000 PA USD 1499984.06000000 0.380733969146 Long STIV UST US N 1 N N N CHINA PACIFIC INSURANCE GROUP CO LTD ORD HKD1 CL H 529900BA5ILEL308WX03 000000000 1523508.00000000 NS 4608264.61000000 1.169694347181 Long EC CORP CN N 1 N N N KONINKLIJKE KPN NV ORD EUR.04 549300YO0JZHAL7FVP81 N4297B146 866942.00000000 NS 2072649.80000000 0.526091047264 Long EC CORP NL N 2 N N N N/A N/A 000000000 -167.00000000 NC USD 641642.81000000 0.162865206598 N/A DFE US N 1 MORGAN STANLEY 9R7GPTSO7KV3UQJZQ078 JP MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 Short EUR/USD Jun 20 Future EUR/USD Jun 20 Future 2020-06-15 -23707474.13000000 USD 641230.32000000 N N N N/A N/A 000000000 1.00000000 NC USD -833.70000000 -0.00021161418 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 14761.54000000 USD 22671.00000000 AUD 2020-04-14 -833.70000000 N N N N/A N/A 000000000 1.00000000 NC USD -2584.57000000 -0.00065602936 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 100862.52000000 USD 94572.23000000 CHF 2020-04-14 -2584.57000000 N N N N/A N/A 000000000 1.00000000 NC USD -6.39000000 -0.00000162194 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 17923.59000000 USD 17241.60000000 CHF 2020-04-14 -6.39000000 N N N TRIBUNE MEDIA CO CLASS 1C LITIGATION INTERESTS 5493003IDYU5GPPRFU47 000000000 57340.16000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N RENESAS ELECTRONICS CORP ORD JPY NPV 5299000EPC47VJQOFB81 000000000 933897.00000000 NS 3377989.99000000 0.857419469264 Long EC CORP JP N 1 N N N Guotai Junan Securities Co Ltd ORD HKD 1 300300E1005431000017 000000000 1275797.00000000 NS 1899053.53000000 0.482027914416 Long EC CORP CN N 1 N N N N/A N/A 000000000 1.00000000 NC USD -4881.61000000 -0.00123907633 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 86589.65000000 USD 133000.00000000 AUD 2020-04-14 -4881.61000000 N N N iHeartMedia Inc COM USD NPV CL A N/A 45174J509 95199.00000000 NS USD 695904.69000000 0.176638246923 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -14129.12000000 -0.00358632873 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 690014.18000000 USD 650399.78000000 CHF 2020-04-14 -14129.12000000 N N N CRESCENT POINT ENERGY CORP ORD CAD NPV 549300FTKUHZK8OC7N74 22576C101 670900.00000000 NS 519560.21000000 0.131877548728 Long EC CORP CA N 1 N N N N/A N/A 000000000 1.00000000 NC USD -5539.14000000 -0.00140597411 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 89898.27000000 USD 137315.30000000 AUD 2020-04-14 -5539.14000000 N N N N/A N/A 000000000 1.00000000 NC USD -9685.89000000 -0.00245852435 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 491636.31000000 USD 463777.74000000 CHF 2020-04-14 -9685.89000000 N N N N/A N/A 000000000 1.00000000 NC USD 6294.34000000 0.001597663012 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 231738.20000000 USD 191678.06000000 GBP 2020-04-17 6294.34000000 N N N N/A N/A 000000000 1.00000000 NC USD -47.54000000 -0.00001206685 N/A DFE N/A N N/A UBS AG BFM8T61CT2L1QCEMIK50 62045.08000000 EUR 68382.98000000 USD 2020-04-07 -47.54000000 N N N COVESTRO AG ORD EUR NPV 3912005AWHKLQ1CPLV11 000000000 122646.00000000 NS 3721068.01000000 0.944501365509 Long EC CORP DE N 2 N N N VOLKSWAGEN AG PRF EUR NPV 529900NNUPAGGOMPXZ31 D94523103 72588.00000000 NS 8359616.20000000 2.121882452784 Long EP CORP DE N 2 N N N BRITISH AMERICAN TOBACCO PLC ORD GBP.25 213800FKA5MF17RJKT63 000000000 224633.00000000 NS 7647868.97000000 1.941222967704 Long EC CORP GB N 2 N N N N/A N/A 000000000 1.00000000 NC USD 1599.41000000 0.000405970792 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 68604.88000000 USD 114274.80000000 AUD 2020-04-14 1599.41000000 N N N KRAFT HEINZ CO/THE COM USD.01 N/A 500754106 305300.00000000 NS USD 7553122.00000000 1.917173785506 Long EC CORP US N 1 N N N CIT GROUP INC COM USD NPV N8O96ZZJQRFYQUJY7K79 125581801 8452.00000000 NS USD 145881.52000000 0.037028426911 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -11464.92000000 -0.00291008725 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 653416.32000000 EUR 709198.47000000 USD 2020-04-07 -11464.92000000 N N N VODAFONE GROUP PLC ORD GBP.2095 213800TB53ELEUKM7Q61 G93882192 1960056.00000000 NS 2710100.35000000 0.687892152028 Long EC CORP GB N 2 N N N N/A N/A 000000000 1.00000000 NC USD 408320.52000000 0.103642096212 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 14942142549.00000000 KRW 12672498.13000000 USD 2020-04-17 408320.52000000 N N N N/A N/A 000000000 1.00000000 NC USD -19383.61000000 -0.00492005146 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 272461.02000000 USD 411945.91000000 AUD 2020-04-14 -19383.61000000 N N N N/A N/A 000000000 1.00000000 NC USD -74.65000000 -0.00001894806 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 62045.05000000 EUR 68355.84000000 USD 2020-04-07 -74.65000000 N N N Elanco Animal Health Inc COM USD 1 549300SHPNDCE059M934 28414H103 35110.00000000 NS USD 786112.90000000 0.199535376805 Long EC CORP US N 1 N N N FRONTIER COMMUNICATIONS CORP 11.00% 09/15/2025 *DEFAULTED* 549300ZCZ76HYCS0H445 35906AAZ1 4065000.00000000 PA USD 1087387.50000000 0.276006505612 Long DBT CORP US N 2 2025-09-15 Fixed 11.00000000 Y N N N N N COGNIZANT TECHNOLOGY SOLUTIONS CORP COM USD.01 CL A 5493006IEVQEFQO40L83 192446102 135160.00000000 NS USD 6280885.20000000 1.594247842841 Long EC CORP US N 1 N N N ALLERGAN PLC ORD USD.0033 635400FWJZQC1IPYUH69 000000000 27100.00000000 NS USD 4799410.00000000 1.218211891440 Long EC CORP IE N 1 N N N THE WILLIAMS COS INC COM USD1 D71FAKCBLFS2O0RBPG08 969457100 297101.00000000 NS USD 4203979.15000000 1.067076451459 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 832.15000000 0.000211220759 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 164006.64000000 EUR 181717.72000000 USD 2020-04-07 832.15000000 N N N NN GROUP NV ORD EUR NPV 724500OHYNDT9OY6Q215 N64038107 297394.00000000 NS 8079707.97000000 2.050834650179 Long EC CORP NL N 2 N N N N/A N/A 000000000 1.00000000 NC USD -6039.07000000 -0.00153286901 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 358043.57000000 CHF 366034.09000000 USD 2020-04-14 -6039.07000000 N N N N/A N/A 000000000 1.00000000 NC USD 52251.54000000 0.013262765084 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 10362618.25000000 USD 12689026047.00000000 KRW 2020-04-17 52251.54000000 N N N GENERAL MOTORS CO COM USD.01 54930070NSV60J38I987 37045V100 198100.00000000 NS USD 4116518.00000000 1.044876595024 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 6293.52000000 0.001597454875 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 364378.89000000 USD 451611200.00000000 KRW 2020-04-17 6293.52000000 N N N N/A N/A 000000000 1.00000000 NC USD -1742.75000000 -0.00044235411 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 104399.20000000 AUD 62394.50000000 USD 2020-04-14 -1742.75000000 N N N CITIGROUP INC COM USD0.01 6SHGI4ZSSLCXXQSBB395 172967424 77850.00000000 NS USD 3279042.00000000 0.832303961722 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 144037.33000000 0.036560324751 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 9254589.00000000 EUR 10351072.70000000 USD 2020-04-07 144037.33000000 N N N ROYAL DUTCH SHELL PLC ORD EUR.07 A SHARES 21380068P1DRHMJ8KU70 G7690A100 90745.00000000 NS 1573175.58000000 0.399311831845 Long EC CORP GB N 2 N N N N/A N/A 000000000 1.00000000 NC USD 5983.70000000 0.001518814707 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 489563.03000000 USD 399043.91000000 GBP 2020-04-17 5983.70000000 N N N Walt Disney Co/The COM USD.01 549300GZKULIZ0WOW665 254687106 102991.00000000 NS USD 9948930.60000000 2.525290726159 Long EC CORP US N 1 N N N M&G PLC ORD GBP.05 254900TWUJUQ44TQJY84 000000000 998386.00000000 NS 1387979.69000000 0.352304421467 Long EC CORP GB N 2 N N N AMERICAN INTERNATIONAL GROUP INC COM USD2.5 ODVCVCQG2BP6VHV36M30 026874784 193933.00000000 NS USD 4702875.25000000 1.193708925370 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD 2622.37000000 0.000665623965 N/A DFE N/A N N/A BANK OF AMERICA NA B4TYDEB6GKMZO031MB27 107912.08000000 USD 100220.18000000 EUR 2020-04-07 2622.37000000 N N N N/A N/A 000000000 1.00000000 NC USD -8360.77000000 -0.00212217531 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 913033.12000000 USD 1102213585.00000000 KRW 2020-04-17 -8360.77000000 N N N United States Treasury Bill 07/23/2020 TBLM 254900HROIFWPRGM1V77 912796WX3 2500000.00000000 PA USD 2499244.70000000 0.634371644256 Long STIV UST US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -7015.51000000 -0.00178071423 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 466429692.00000000 KRW 375819.59000000 USD 2020-04-17 -7015.51000000 N N N FRONTIER COMMUNICATIONS CORP 10.50% 09/15/2022 *DEFAULTED* 549300ZCZ76HYCS0H445 35906AAW8 3610000.00000000 PA USD 973566.46000000 0.247115841047 Long DBT CORP US N 2 2022-09-15 Fixed 10.50000000 Y N N N N N ACCOR SA ORD EUR3 969500QZC2Q0TK11NV07 F00189120 213326.00000000 NS 5729665.44000000 1.454334297962 Long EC CORP FR N 2 N N N CNH INDUSTRIAL NV ORD EUR.01 549300WGC2HZ5J67V817 N20944109 468811.00000000 NS 2669288.93000000 0.677533179331 Long EC CORP NL N 2 N N N CISCO SYSTEMS INC COM USD NPV 8E6NF1YAL0WT6CWXXV93 17275R102 110580.00000000 NS USD 4346899.80000000 1.103353334526 Long EC CORP US N 1 N N N N/A N/A 000000000 1.00000000 NC USD -7963.79000000 -0.00202141173 N/A DFE N/A N N/A HSBC BANK PLC MP6I5ZYZBEU3UXPYFY54 299868.31000000 USD 355643820.00000000 KRW 2020-04-17 -7963.79000000 N N N United States Treasury Bill 05/21/2020 TBLM 254900HROIFWPRGM1V77 912796SR1 1500000.00000000 PA USD 1499822.40000000 0.380692935741 Long STIV UST US N 1 N N N U S TREASURY NOTE N/A 912833LQ1 16.87000000 PA USD 16.87000000 0.000004282033 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 16.87000000 USD 17.21000000 USD UST N N N U S TREASURY NOTE N/A 912834FB9 3.89000000 PA USD 3.89000000 0.000000987380 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 3.89000000 USD 3.97000000 USD UST N N N U S TREASURY NOTE N/A 912833LM0 1597945.56000000 PA USD 1597945.56000000 0.405599080525 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 1597945.56000000 USD 1629904.47000000 USD UST N N N U S TREASURY NOTE N/A 912834JB5 2292042.69000000 PA USD 2292042.69000000 0.581778522911 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 2292042.69000000 USD 2337883.54000000 USD UST N N N U S TREASURY NOTE N/A 912833LW8 16.39000000 PA USD 16.39000000 0.000004160197 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 16.39000000 USD 16.72000000 USD UST N N N U S TREASURY NOTE N/A 912833PD6 7.23000000 PA USD 7.23000000 0.000001835157 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 7.23000000 USD 7.37000000 USD UST N N N U S TREASURY NOTE N/A 912833LR9 1.28000000 PA USD 1.28000000 0.000000324896 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 1.28000000 USD 1.31000000 USD UST N N N U S TREASURY NOTE N/A 912834PB8 4087611.12000000 PA USD 4087611.12000000 1.037539296281 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 4087611.12000000 USD 4169363.34000000 USD UST N N N U S TREASURY NOTE N/A 912833WQ9 9.55000000 PA USD 9.55000000 0.000002424032 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 9.55000000 USD 9.74000000 USD UST N N N U S TREASURY NOTE N/A 912833XP0 5916807.31000000 PA USD 5916807.31000000 1.501835647382 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 5916807.31000000 USD 6035143.46000000 USD UST N N N U S TREASURY NOTE N/A 912833LX6 3.63000000 PA USD 3.63000000 0.000000921385 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 3.63000000 USD 3.70000000 USD UST N N N U S TREASURY NOTE N/A 912834UH9 0.19000000 PA USD 0.19000000 0.000000048226 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 0.19000000 USD 0.19000000 USD UST N N N U S TREASURY NOTE N/A 912833RY8 27.77000000 PA USD 27.77000000 0.000007048729 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 27.77000000 USD 28.33000000 USD UST N N N U S TREASURY NOTE N/A 9128337N4 9228.84000000 PA USD 9228.84000000 0.002342513482 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 9228.84000000 USD 9413.42000000 USD UST N N N U S TREASURY NOTE N/A 912833PE4 0.03000000 PA USD 0.03000000 0.000000007614 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 0.03000000 USD 0.03000000 USD UST N N N U S TREASURY NOTE N/A 912834KB3 3708389.64000000 PA USD 3708389.64000000 0.941283273890 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 3708389.64000000 USD 3782557.43000000 USD UST N N N U S TREASURY NOTE N/A 912828XH8 611802.69000000 PA USD 611802.69000000 0.155291027891 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 611802.69000000 USD 624038.74000000 USD UST N N N U S TREASURY NOTE N/A 912833QB9 0.05000000 PA USD 0.05000000 0.000000012691 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 0.05000000 USD 0.05000000 USD UST N N N U S TREASURY NOTE N/A 9128334W7 3.00000000 PA USD 3.00000000 0.000000761476 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 3.00000000 USD 3.06000000 USD UST N N N U S TREASURY NOTE N/A 912834TF5 76082.27000000 PA USD 76082.27000000 0.019311608310 Short RA CORP US N 2 Repurchase Y 0.00000000 2020-04-01 76082.27000000 USD 77603.92000000 USD UST N N N 2020-04-30 Robert Kubilis Robert Kubilis Robert Kubilis Chief Financial Officer, Chief Accounting Officer and Treasurer XXXX