The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED ENERGY INDUSTRIES INC CONVERTIBLE BOND 007973AE0   20,092 19,000 PRN   DFND 1,2 19,000 0 0
AKAMAI TECHNOLOGIES INC CONVERTIBLE BOND 00971TAL5   21,729 21,000 PRN   DFND 1,2 21,000 0 0
ALIBABA GROUP HOLDING LTD COMMON STOCK 01609W102   1,754,694 16,535 SH   DFND 1,2 16,535 0 0
ALVOTECH SA COMMON STOCK L01800108   1,413,053 118,744 SH   DFND 1,2 118,744 0 0
ANGLOGOLD ASHANTI PLC COMMON STOCK G0378L100   10,406,311 390,774 SH   DFND 1,2 390,774 0 0
ANYWHERE REAL ESTATE INC CONVERTIBLE BOND 75606DAP6   206,153 235,000 PRN   DFND 1,2 235,000 0 0
ASCENDIS PHARMA A/S CONVERTIBLE BOND 04351PAD3   27,980 24,000 PRN   DFND 1,2 24,000 0 0
BANCO BRADESCO SA COMMON STOCK 059460303   2,683,522 1,008,843 SH   DFND 1,2 1,008,843 0 0
CABLE ONE INC CONVERTIBLE BOND 12685JAE5   161,000 175,000 PRN   DFND 1,2 175,000 0 0
CMS ENERGY CORP CONVERTIBLE BOND 125896BX7   21,520 20,000 PRN   DFND 1,2 20,000 0 0
DAQO NEW ENERGY CORP COMMON STOCK 23703Q203   847,534 41,607 SH   DFND 1,2 41,607 0 0
ETSY INC CONVERTIBLE BOND 29786AAN6   25,417 31,000 PRN   DFND 1,2 31,000 0 0
FIRST MAJESTIC SILVER CORP CONVERTIBLE BOND 32076VAD5   23,098 26,000 PRN   DFND 1,2 26,000 0 0
FLUOR CORP CONVERTIBLE BOND 343412AJ1   28,198 23,000 PRN   DFND 1,2 23,000 0 0
FORD MOTOR CO CONVERTIBLE BOND 345370CZ1   11,790 12,000 PRN   DFND 1,2 12,000 0 0
FREEPORT-MCMORAN INC COMMON STOCK 35671D857   8,404,031 168,350 SH   DFND 1,2 168,350 0 0
GUARDANT HEALTH INC CONVERTIBLE BOND 40131MAB5   30,595 38,000 PRN   DFND 1,2 38,000 0 0
H WORLD GROUP LTD CONVERTIBLE BOND 44332NAB2   24,811 21,000 PRN   DFND 1,2 21,000 0 0
H WORLD GROUP LTD COMMON STOCK 44332N106   3,083,508 82,890 SH   DFND 1,2 82,890 0 0
HALOZYME THERAPEUTICS INC CONVERTIBLE BOND 40637HAF6   26,180 22,000 PRN   DFND 1,2 22,000 0 0
HDFC BANK LTD COMMON STOCK 40415F101   4,883,683 78,064 SH   DFND 1,2 78,064 0 0
INFOSYS LTD COMMON STOCK 456788108   2,768,717 124,325 SH   DFND 1,2 124,325 0 0
ISHARES MSCI INDIA ETF ETF 46429B598   12,496,272 213,502 SH   DFND 1,2 213,502 0 0
ITAU UNIBANCO HOLDING SA COMMON STOCK 465562106   4,099,139 616,412 SH   DFND 1,2 616,412 0 0
JD.COM INC COMMON STOCK 47215P106   5,515,560 137,889 SH   DFND 1,2 137,889 0 0
JETBLUE AIRWAYS CORP CONVERTIBLE BOND 477143AP6   18,450 20,000 PRN   DFND 1,2 20,000 0 0
JOYY INC COMMON STOCK 46591M109   2,416,519 66,681 SH   DFND 1,2 66,681 0 0
KANZHUN LTD COMMON STOCK 48553T106   2,595,493 149,510 SH   DFND 1,2 149,510 0 0
LIBERTY MEDIA CORP-LIBERTY FORMULA ONE CONVERTIBLE BOND 531229AQ5   34,221 31,000 PRN   DFND 1,2 31,000 0 0
LIVE NATION ENTERTAINMENT INC CONVERTIBLE BOND 538034BA6   14,801 12,000 PRN   DFND 1,2 12,000 0 0
NETEASE INC COMMON STOCK 64110W102   1,609,961 17,217 SH   DFND 1,2 17,217 0 0
NORWEGIAN CRUISE LINE HOLDINGS LTD CONVERTIBLE BOND 62886HBD2   24,292 25,000 PRN   DFND 1,2 25,000 0 0
NUTANIX INC CONVERTIBLE BOND 67059NAH1   22,752 19,000 PRN   DFND 1,2 19,000 0 0
ON SEMICONDUCTOR CORP CONVERTIBLE BOND 682189AU9   16,236 16,000 PRN   DFND 1,2 16,000 0 0
PDD HOLDINGS INC COMMON STOCK 722304102   2,700,379 20,031 SH   DFND 1,2 20,031 0 0
PEBBLEBROOK HOTEL TRUST CONVERTIBLE BOND 70509VAA8   79,292 86,000 PRN   DFND 1,2 86,000 0 0
PETROLEO BRASILEIRO SA COMMON STOCK 71654V408   4,034,497 279,979 SH   DFND 1,2 279,979 0 0
SAREPTA THERAPEUTICS INC CONVERTIBLE BOND 803607AD2   29,536 26,000 PRN   DFND 1,2 26,000 0 0
SHAKE SHACK INC CONVERTIBLE BOND 819047AB7   23,297 25,000 PRN   DFND 1,2 25,000 0 0
SOUTHERN CO/THE CONVERTIBLE BOND 842587DP9   37,850 34,000 PRN   DFND 1,2 34,000 0 0
TERNIUM SA COMMON STOCK 880890108   2,186,142 59,229 SH   DFND 1,2 59,229 0 0
TETRA TECH INC CONVERTIBLE BOND 88162GAB9   19,702 15,000 PRN   DFND 1,2 15,000 0 0
TRIP.COM GROUP LTD COMMON STOCK 89677Q107   3,393,452 57,100 SH   DFND 1,2 57,100 0 0
VALE SA COMMON STOCK 91912E105   5,142,692 440,299 SH   DFND 1,2 440,299 0 0
XP INC COMMON STOCK G98239109   678,257 37,807 SH   DFND 1,2 37,807 0 0
YPF SA COMMON STOCK 984245100   1,306,578 61,602 SH   DFND 1,2 61,602 0 0
YUM CHINA HOLDINGS INC COMMON STOCK 98850P109   3,232,796 71,808 SH   DFND 1,2 71,808 0 0
ZTO EXPRESS CAYMAN INC CONVERTIBLE BOND 98980AAB1   23,501 22,000 PRN   DFND 1,2 22,000 0 0