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
Estimated average burden
hours per response: 23.8
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
ALCON AG ORD SHS H01301128   1,336,616 19,569 SH   DFND   19,569 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   22,325,353 253,438 SH   DFND   253,438 0 0
BAIDU INC SPON ADR REP A 056752108   4,579,890 40,041 SH   DFND   40,041 0 0
BEIGENE LTD SPONSORED ADR 07725L102   549,850 2,500 SH   DFND   2,500 0 0
BHP GROUP LTD SPONSORED ADS 088606108   4,999,803 80,577 SH   DFND   80,577 0 0
BILIBILI INC SPONS ADS REP Z 090040106   456,246 19,259 SH   DFND   19,259 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898   6,369,310 563,680 SH   DFND   563,680 0 0
DOLE PLC ORD SHS G27907107   1,022,832 105,993 SH   DFND   105,993 0 0
ENLIVEX THERAPEUTICS LTD COM M4130Y106   72,073 18,887 SH   DFND   18,887 0 0
EXXON MOBIL CORP COM 30231G102   1,204,885 10,932 SH   DFND   10,932 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108   703,534 34,119 SH   DFND   34,119 0 0
GILAT SATELLITE NETWORKS LTD SHS NEW M51474118   84,376 15,131 SH   DFND   15,131 0 0
GLOBAL X FDS LITHIUM BTRY ETF 37954Y855   3,816,038 65,109 SH   DFND   65,109 0 0
GRAB HOLDINGS LIMITED CLASS A ORD G4124C109   501,348 155,698 SH   DFND   155,698 0 0
HALEON PLC SPON ADS 405552100   1,391,200 173,900 SH   DFND   173,900 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300   161,320 47,447 SH   DFND   47,447 0 0
ISHARES INC MSCI SWITZERLAND 464286749   444,458 10,600 SH   DFND   10,600 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772   16,833,225 419,154 SH   DFND   419,154 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822   770,762 14,158 SH   DFND   14,158 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   28,193,394 996,233 SH   DFND   996,233 0 0
ISHARES TR CORE US AGGBD ET 464287226   8,237,555 84,932 SH   DFND   84,932 0 0
ISHARES TR IBOXX INV CP ETF 464287242   18,442,237 174,924 SH   DFND   174,924 0 0
ISHARES TR JPMORGAN USD EMG 464288281   36,978,011 437,144 SH   DFND   437,144 0 0
ISHARES TR MSCI UK ETF NEW 46435G334   766,255 24,992 SH   DFND   24,992 0 0
JD.COM INC SPON ADR CL A 47215P106   4,480,746 79,828 SH   DFND   79,828 0 0
KE HLDGS INC SPONSORED ADS 482497104   685,227 49,085 SH   DFND   49,085 0 0
KRANESHARES TR CSI CHI INTERNET 500767306   4,495,361 148,853 SH   DFND   148,853 0 0
LEONARDO DRS INC COM 52661A108   192,593 14,908 SH   DFND   14,908 0 0
LINDE PLC SHS G5494J103   259,151 795 SH   DFND   795 0 0
NETEASE INC SPONSORED ADS 64110W102   3,892,387 53,592 SH   DFND   53,592 0 0
NVIDIA CORPORATION COM 67066G104   1,281,502 8,769 SH   DFND   8,769 0 0
ORMAT TECHNOLOGIES INC COM 686688102   542,272 6,169 SH   DFND   6,169 0 0
SEA LTD SPONSORD ADS 81141R100   3,799,283 73,021 SH   DFND   73,021 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,047,978 11,981 SH   DFND   11,981 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   27,458,504 368,620 SH   DFND   368,620 0 0
TESLA INC COM 88160R101   760,144 6,171 SH   DFND   6,171 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109   269,055 4,334 SH   DFND   4,334 0 0
TOYOTA MOTOR CORP ADS 892331307   829,041 6,070 SH   DFND   6,070 0 0
TRANSOCEAN INC DEB 0.500% 1/3 893830BJ7   0 47,000 PRN   DFND   0 0 0
TRIP COM GROUP LTD ADS 89677Q107   2,607,004 75,785 SH   DFND   75,785 0 0
UBS GROUP AG SHS H42097107   349,922 18,813 SH   DFND   18,813 0 0
UNITED STATES STL CORP NEW COM 912909108   2,550,516 101,817 SH   DFND   101,817 0 0
VANECK ETF TRUST VANECK RUSSIA ET 92189F403   1,076,370 190,508 SH   DFND   190,508 0 0
XPENG INC ADS 98422D105   1,152,195 115,915 SH   DFND   115,915 0 0
YUM CHINA HLDGS INC COM 98850P109   3,857,088 70,578 SH   DFND   70,578 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105   1,031,297 38,381 SH   DFND   38,381 0 0