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
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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
AKAMAI TECHNOLOGIES INC CONVERTIBLE BOND 00971TAL5   18,452 19,000 PRN   DFND 1,2 19,000 0 0
ALIBABA GROUP HOLDING LTD COMMON STOCK 01609W102   1,017,360 14,130 SH   DFND 1,2 14,130 0 0
ALPHATEC HOLDINGS INC CONVERTIBLE BOND 02081GAB8   15,542 16,000 PRN   DFND 1,2 16,000 0 0
ALVOTECH SA COMMON STOCK L01800108   1,443,927 118,744 SH   DFND 1,2 118,744 0 0
ANGLOGOLD ASHANTI PLC COMMON STOCK G0378L100   17,178,968 683,604 SH   DFND 1,2 683,604 0 0
ASCENDIS PHARMA A/S CONVERTIBLE BOND 04351PAD3   18,984 17,000 PRN   DFND 1,2 17,000 0 0
BANCO BRADESCO SA COMMON STOCK 059460303   8,343,130 3,724,611 SH   DFND 1,2 3,724,611 0 0
BRIDGEBIO PHARMA INC CONVERTIBLE BOND 10806XAD4   9,562 12,000 PRN   DFND 1,2 12,000 0 0
CABLE ONE INC CONVERTIBLE BOND 12685JAE5   176,880 201,000 PRN   DFND 1,2 201,000 0 0
ENVESTNET INC CONVERTIBLE BOND 29404KAG1   32,295 30,000 PRN   DFND 1,2 30,000 0 0
ETSY INC CONVERTIBLE BOND 29786AAN6   24,457 31,000 PRN   DFND 1,2 31,000 0 0
FIRST MAJESTIC SILVER CORP CONVERTIBLE BOND 32076VAD5   21,569 26,000 PRN   DFND 1,2 26,000 0 0
FORD MOTOR CO CONVERTIBLE BOND 345370CZ1   35,472 35,000 PRN   DFND 1,2 35,000 0 0
FREEPORT-MCMORAN INC COMMON STOCK 35671D857   12,575,347 258,752 SH   DFND 1,2 258,752 0 0
GERDAU SA COMMON STOCK 373737105   2,147,923 650,885 SH   DFND 1,2 650,885 0 0
GREEN PLAINS INC CONVERTIBLE BOND 393222AK0   10,688 12,000 PRN   DFND 1,2 12,000 0 0
GUARDANT HEALTH INC CONVERTIBLE BOND 40131MAB5   29,481 38,000 PRN   DFND 1,2 38,000 0 0
H WORLD GROUP LTD CONVERTIBLE BOND 44332NAB2   22,428 21,000 PRN   DFND 1,2 21,000 0 0
H WORLD GROUP LTD COMMON STOCK 44332N106   4,682,592 140,534 SH   DFND 1,2 140,534 0 0
HDFC BANK LTD COMMON STOCK 40415F101   4,880,717 75,870 SH   DFND 1,2 75,870 0 0
INSMED INC CONVERTIBLE BOND 457669AB5   10,556 5,000 PRN   DFND 1,2 5,000 0 0
ISHARES MSCI INDIA ETF ETF 46429B598   8,684,053 155,684 SH   DFND 1,2 155,684 0 0
ITAU UNIBANCO HOLDING SA COMMON STOCK 465562106   4,191,677 717,753 SH   DFND 1,2 717,753 0 0
JD.COM INC COMMON STOCK 47215P106   8,479,809 328,166 SH   DFND 1,2 328,166 0 0
JETBLUE AIRWAYS CORP CONVERTIBLE BOND 477143AP6   17,642 20,000 PRN   DFND 1,2 20,000 0 0
JOYY INC COMMON STOCK 46591M109   2,236,559 74,329 SH   DFND 1,2 74,329 0 0
LANTHEUS HOLDINGS INC CONVERTIBLE BOND 516544AB9   14,968 12,000 PRN   DFND 1,2 12,000 0 0
LIBERTY MEDIA CORP-LIBERTY FORMULA ONE CONVERTIBLE BOND 531229AQ5   33,035 31,000 PRN   DFND 1,2 31,000 0 0
LIVE NATION ENTERTAINMENT INC CONVERTIBLE BOND 538034BA6   18,834 17,000 PRN   DFND 1,2 17,000 0 0
MARRIOTT VACATIONS WORLDWIDE CORP CONVERTIBLE BOND 57164YAF4   9,150 10,000 PRN   DFND 1,2 10,000 0 0
NORWEGIAN CRUISE LINE HOLDINGS LTD CONVERTIBLE BOND 62886HAX9   13,400 11,000 PRN   DFND 1,2 11,000 0 0
NUTANIX INC CONVERTIBLE BOND 67059NAH1   18,736 16,000 PRN   DFND 1,2 16,000 0 0
ON SEMICONDUCTOR CORP CONVERTIBLE BOND 682189AU9   19,235 20,000 PRN   DFND 1,2 20,000 0 0
PEBBLEBROOK HOTEL TRUST CONVERTIBLE BOND 70509VAA8   14,200 16,000 PRN   DFND 1,2 16,000 0 0
PETROLEO BRASILEIRO SA COMMON STOCK 71654V408   6,903,238 476,414 SH   DFND 1,2 476,414 0 0
SAREPTA THERAPEUTICS INC CONVERTIBLE BOND 803607AD2   14,179 11,000 PRN   DFND 1,2 11,000 0 0
SEA LTD CONVERTIBLE BOND 81141RAG5   43,675 50,000 PRN   DFND 1,2 50,000 0 0
SHAKE SHACK INC CONVERTIBLE BOND 819047AB7   43,500 50,000 PRN   DFND 1,2 50,000 0 0
SHIFT4 PAYMENTS INC CONVERTIBLE BOND 82452JAD1   35,131 37,000 PRN   DFND 1,2 37,000 0 0
SOLAREDGE TECHNOLOGIES INC CONVERTIBLE BOND 83417MAD6   16,497 18,000 PRN   DFND 1,2 18,000 0 0
SOUTHERN CO/THE CONVERTIBLE BOND 842587DP9   34,771 34,000 PRN   DFND 1,2 34,000 0 0
TERNIUM SA COMMON STOCK 880890108   3,790,559 100,947 SH   DFND 1,2 100,947 0 0
TRIP.COM GROUP LTD COMMON STOCK 89677Q107   3,042,639 64,737 SH   DFND 1,2 64,737 0 0
UNITY SOFTWARE INC CONVERTIBLE BOND 91332UAB7   52,856 61,000 PRN   DFND 1,2 61,000 0 0
VALE SA COMMON STOCK 91912E105   12,702,479 1,137,196 SH   DFND 1,2 1,137,196 0 0
YPF SA COMMON STOCK 984245100   3,378,188 167,902 SH   DFND 1,2 167,902 0 0