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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AAR CORP CV SR UNSEC NT 000361AM7 15,806 15,000,000 PRN   DFND 1,2,3,4 15,000,000 0 0
ACCURAY INC CV SR UNSEC NT PNC 004397AB1 6,971 6,640,000 PRN   DFND 1,2,3,4 6,640,000 0 0
AFFYMETRIX INC CV SR UNSEC NT PNC 00826TAH1 6,306 5,000,000 PRN   DFND 1,2,3,4 5,000,000 0 0
AIR LEASE CORP CV SR UNSEC NT 00912XAK0 78,180 60,600,000 PRN   DFND 1,2,3,4 60,600,000 0 0
AK STEEL CORP CV SR UNSEC NT 001546AP5 9,296 9,719,000 PRN   DFND 1,2,3,4 9,719,000 0 0
ALCATEL-LUCENT USA INC CV SR UNSEC NT SER A 2.75% MULTI-CPN PNC 549463AG2 10,829 10,843,000 PRN   DFND 1,2,3,4 10,843,000 0 0
ALERE INC 3% CV CUM PFD PERP SER B 01449J204 54,029 207,800 SH   DFND 1,2,3,4 207,800 0 0
ALERE INC CV SR SUB NT 01449JAA3 14,406 13,602,000 PRN   DFND 1,2,3,4 13,602,000 0 0
ALLIANCE HEALTHCARE SERVICES COMMON STOCK 018606301 131,707 4,756,490 SH   DFND 1,2,3,4 4,756,490 0 0
ALLIANCE ONE INTL INC CV SR SUB NT 018772AQ6 2,267 2,260,000 PRN   DFND 1,2,3,4 2,260,000 0 0
ALPHA APPALACHIA HOLDING CV SR UNSEC NT 576203AJ2 1,690 1,800,000 PRN   DFND 1,2,3,4 1,800,000 0 0
ALPHA NATURAL RESOURCES CV SR UNSEC NT 02076XAA0 9,212 9,774,000 PRN   DFND 1,2,3,4 9,774,000 0 0
ALPHA NATURAL RESOURCES CV SR UNSEC NT 02076XAE2 2,884 3,000,000 PRN   DFND 1,2,3,4 3,000,000 0 0
ALTRIA GROUP INC COMMON STOCK 02209S103 9,893 288,000 SH   DFND 1,2,3,4 288,000 0 0
AMERICA MOVIL AMERICA MOVIL 02364W105 2,102 106,127 SH   DFND 1,2,3,4 106,127 0 0
AMERICAN INTERNATIONAL GROUP COMMON STOCK 026874784 45,182 929,100 SH   DFND 1,2,3,4 929,100 0 0
ANNALY CAPITAL MGMT CV SR UNSEC NT 035710AB8 20,935 20,500,000 PRN   DFND 1,2,3,4 20,500,000 0 0
APOLLO GLOBAL MANAGEMENT - A COMMON STOCK 037612306 28,260 1,000,000 SH   DFND 1,2,3,4 1,000,000 0 0
ARCELORMITTAL CV SR UNSEC NT 03938LAK0 10,003 9,800,000 PRN   DFND 1,2,3,4 9,800,000 0 0
ARCELORMITTAL MAND 6% CV SR SUB NT L0302D178 20,009 930,000 PRN   DFND 1,2,3,4 930,000 0 0
ARES CAPITAL CORP CV SR UNSEC NT 04010LAG8 5,325 5,096,000 PRN   DFND 1,2,3,4 5,096,000 0 0
AV HOMES INC CV SR UNSEC NT 053494AG5 9,484 8,835,000 PRN   DFND 1,2,3,4 8,835,000 0 0
BALTIC TRADING LTD COMMON STOCK Y0553W103 4,401 900,000 SH   DFND 1,2,3,4 900,000 0 0
BGC PARTNERS INC CV SR UNSEC NT 05541TAD3 19,260 18,676,000 PRN   DFND 1,2,3,4 18,676,000 0 0
BOTTOMLINE TECHNOLOGIES CV SR UNSEC NT 101388AA4 21,061 18,250,000 PRN   DFND 1,2,3,4 18,250,000 0 0
BPZ RESOURCES INC CV SR UNSEC NT PNC 055639AB4 3,505 3,760,000 PRN   DFND 1,2,3,4 3,760,000 0 0
BRISTOW GROUP INC CV SR UNSEC NT 110394AC7 14,263 11,545,000 PRN   DFND 1,2,3,4 11,545,000 0 0
BROOKDALE SENIOR LIVING CV SR UNSEC NT 112463AA2 82,712 69,975,000 PRN   DFND 1,2,3,4 69,975,000 0 0
CADENCE DESIGN SYS INC CV SR UNSEC NT SER-B 127387AF5 8,019 8,000,000 PRN   DFND 1,2,3,4 8,000,000 0 0
CAPITAL PRODUCT PARTNERS LP COMMON STOCK Y11082107 8,505 944,988 SH   DFND 1,2,3,4 944,988 0 0
CEMEX SAB DE CV CV SUB NT 151290AV5 89,201 75,077,000 PRN   DFND 1,2,3,4 75,077,000 0 0
Cemex SA-Sponsored ADR Cemex SA-Sponsored ADR 151290889 1,596 142,784 SH   DFND 1,2,3,4 142,784 0 0
CENTRAL EURO MEDIA ENTER CV SEC NT 153443AH9 13,311 13,830,000 PRN   DFND 1,2,3,4 13,830,000 0 0
CHARTER COMMUNICATION-A COMMON STOCK 16117M305 122,589 909,683 SH   DFND 1,2,3,4 909,683 0 0
CHESAPEAKE ENERGY CORP CV SR UNSEC NT CPDI 165167BW6 3,128 3,000,000 PRN   DFND 1,2,3,4 3,000,000 0 0
CHESAPEAKE ENERGY CORP CV SR UNSEC NT CPDI 165167BZ9 7,480 7,500,000 PRN   DFND 1,2,3,4 7,500,000 0 0
CHESAPEAKE ENERGY CORP CV SR UNSEC NT CPDI 165167CB1 10,370 11,347,000 PRN   DFND 1,2,3,4 11,347,000 0 0
CHIQUITA BRANDS INTL CV SR UNSEC NT PNC 170032AT3 19,232 19,500,000 PRN   DFND 1,2,3,4 19,500,000 0 0
Cia Brasileira de Distribuicao Grupo Pao Cia Brasileira de Distribuicao Grupo Pao 20440T201 7,015 152,428 SH   DFND 1,2,3,4 152,428 0 0
CIENA CORP CV SR UNSEC NT 171779AE1 29,207 28,500,000 PRN   DFND 1,2,3,4 28,500,000 0 0
COBALT INTL ENERGY INC CV SR UNSEC NT 19075FAA4 152,599 144,500,000 PRN   DFND 1,2,3,4 144,500,000 0 0
COLONY FINANCIAL INC CV SR UNSEC NT REIT PNC 19624RAA4 32,486 31,520,000 PRN   DFND 1,2,3,4 31,520,000 0 0
COMMONWEALTH REIT 6.5% CV PERP PFD SER-D REIT 203233408 13,673 653,285 SH   DFND 1,2,3,4 653,285 0 0
COMPANHIA DE BEBIDAS SPON ADR PFD COMPANHIA DE BEBIDAS SPON ADR PFD 20441W203 1,809 47,180 SH   DFND 1,2,3,4 47,180 0 0
COMPANIA DE MINAS BUEN SPON ADR SER B COMPANIA DE MINAS BUEN SPON ADR SER B 204448104 4,435 378,727 SH   DFND 1,2,3,4 378,727 0 0
CRIMSON EXPLORATION INC COMMON STOCK 22662K207 46,730 15,524,818 SH   DFND 1,2,3,4 15,524,818 0 0
CUMULUS MEDIA INC-CL A COMMON STOCK 231082108 17,428 3,294,583 SH   DFND 1,2,3,4 3,294,583 0 0
DEALERTRACK TECHNOLOGIES CV SR UNSEC NT 242309AB8 28,298 22,000,000 PRN   DFND 1,2,3,4 22,000,000 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK G27823106 175,260 3,000,000 SH   DFND 1,2,3,4 3,000,000 0 0
DFC GLOBAL CORP CV SR UNSEC NT 256664AC7 14,622 15,065,000 PRN   DFND 1,2,3,4 15,065,000 0 0
DOLLAR FINANCIAL CORP CV SR UNSEC NT 256664AB9 7,686 7,880,000 PRN   DFND 1,2,3,4 7,880,000 0 0
DRYSHIPS INC CV SR UNSEC NT 262498AB4 22,785 23,510,000 PRN   DFND 1,2,3,4 23,510,000 0 0
DYNEGY INC COMMON STOCK 26817R108 159,312 8,245,986 SH   DFND 1,2,3,4 8,245,986 0 0
E*TRADE FINANCIAL CORP COMMON STOCK 269246401 30,713 1,861,400 SH   DFND 1,2,3,4 1,861,400 0 0
ELECTRONIC ARTS INC CV SR UNSEC NT 285512AA7 6,858 6,273,000 PRN   DFND 1,2,3,4 6,273,000 0 0
EMC CORP/MA COMMON STOCK 268648102 10,224 400,000 SH   DFND 1,2,3,4 400,000 0 0
ENDEAVOUR INTERNATIONAL CV SR UNSEC NT 29257MAE0 13,190 15,600,000 PRN   DFND 1,2,3,4 15,600,000 0 0
EPR PROPERTIES 5.75% CV PERP PFD SER-C REIT 26884U208 20,231 949,821 SH   DFND 1,2,3,4 949,821 0 0
EPR PROPERTIES 9% CV PERP PFD SER-E REIT PNC 26884U307 3,171 107,500 SH   DFND 1,2,3,4 107,500 0 0
EXCO RESOURCES INC COMMON STOCK 269279402 247,890 36,778,946 SH   DFND 1,2,3,4 36,778,946 0 0
FIRST BANCORP PUERTO RICO COMMON STOCK 318672706 237,672 41,843,581 SH   DFND 1,2,3,4 41,843,581 0 0
FOREST CITY ENTERPRISES CV SR UNSEC NT PNC 345550AP2 72,660 65,171,000 PRN   DFND 1,2,3,4 65,171,000 0 0
GENERAL CABLE CORP CV SR UNSEC NT 369300AD0 11,521 11,495,000 PRN   DFND 1,2,3,4 11,495,000 0 0
GENESEE & WYOMING INC 5% CV MAND PFD EQUITY UNITS 371559204 54,143 427,500 SH   DFND 1,2,3,4 427,500 0 0
GETTY REALTY CORP COMMON STOCK REIT 374297109 27,634 1,422,221 SH   DFND 1,2,3,4 1,422,221 0 0
GOLDCORP INC CV SR UNSEC NT 380956AB8 4,018 3,968,000 PRN   DFND 1,2,3,4 3,968,000 0 0
Goldcorp Inc Goldcorp Inc 380956409 3,600 138,410 SH   DFND 1,2,3,4 138,410 0 0
GOLDEN STAR RESOURCES CV SR UNSEC NT 38119TAE4 3,300 5,000,000 PRN   DFND 1,2,3,4 5,000,000 0 0
GREENBRIER COS INC CV SR UNSEC NT 393657AH4 10,775 10,000,000 PRN   DFND 1,2,3,4 10,000,000 0 0
GROUP 1 AUTOMOTIVE INC CV SR UNSEC NT (PNC) 398905AE9 25,712 19,447,000 PRN   DFND 1,2,3,4 19,447,000 0 0
GRUPO TELEVISA SA DE SPN ADR REPORD GRUPO TELEVISA SA DE SPN ADR REPORD 40049J206 2,032 72,700 SH   DFND 1,2,3,4 72,700 0 0
GT ADV TECHNOLOGIES INC CV SR UNSEC NT 36191UAA4 10,508 8,000,000 PRN   DFND 1,2,3,4 8,000,000 0 0
HANWHA SOLARONE CO LTD CV SR UNSEC NT 83415UAB4 31,756 34,146,000 PRN   DFND 1,2,3,4 34,146,000 0 0
HAWAIIAN HOLDINGS INC CV SR UNSEC NT 419879AD3 2,493 2,117,000 PRN   DFND 1,2,3,4 2,117,000 0 0
HDFC Bank Ltd. ADR HDFC Bank Ltd. ADR 40415F101 1,741 56,557 SH   DFND 1,2,3,4 56,557 0 0
HEADWATERS INC CV SR SUB NT 42210PAR3 7,394 6,846,000 PRN   DFND 1,2,3,4 6,846,000 0 0
HEALTH CARE REIT INC 6.5% CV PERP PFD SER-I REIT PNC 42217K601 26,638 462,874 SH   DFND 1,2,3,4 462,874 0 0
HEARTWARE INTERNATIONAL CV SR UNSEC NT 422368AA8 32,650 29,416,000 PRN   DFND 1,2,3,4 29,416,000 0 0
HELIX ENERGY SOLUTIONS CV SR UNSEC NT CPDI 42330PAG2 50,903 38,392,000 PRN   DFND 1,2,3,4 38,392,000 0 0
HOLOGIC INC CV SR UNSEC NT SER-2010 CPDI 436440AB7 29,638 26,179,000 PRN   DFND 1,2,3,4 26,179,000 0 0
HOLOGIC INC CV SR UNSEC NT 2% MULTI-CPN CPDI 436440AC5 38,269 37,575,000 PRN   DFND 1,2,3,4 37,575,000 0 0
HOLOGIC INC CV SR UNSEC NT MULTI-CPN 436440AG6 12,647 12,114,000 PRN   DFND 1,2,3,4 12,114,000 0 0
HOME INNS HTL MNGMT INC CV SR UNSEC NT 43713WAB3 15,650 16,474,000 PRN   DFND 1,2,3,4 16,474,000 0 0
HORNBECK OFFSHORE SERVICES CV SR UNSEC NT 440543AN6 101,754 78,830,000 PRN   DFND 1,2,3,4 78,830,000 0 0
HUTCHINSON TECHNOLOGY CV SR UNSEC NT PNC 448407AG1 5,570 6,045,000 PRN   DFND 1,2,3,4 6,045,000 0 0
ICONIX BRAND GROUP INC CV SR SUB NT 451055AE7 18,816 15,305,000 PRN   DFND 1,2,3,4 15,305,000 0 0
INTEGRA LIFESCIENCES HLD CV SR UNSEC NT 457985AK5 11,757 11,566,000 PRN   DFND 1,2,3,4 11,566,000 0 0
INTEL CORP CV JR SUB NT CPDI PNC 458140AD2 50,833 46,725,000 PRN   DFND 1,2,3,4 46,725,000 0 0
INTEL CORP CV JR SUB NT PNC CPDI 458140AF7 39,578 32,000,000 PRN   DFND 1,2,3,4 32,000,000 0 0
INTERMUNE INC CV SR UNSEC NT PNC 45884XAE3 7,955 8,782,000 PRN   DFND 1,2,3,4 8,782,000 0 0
INTEROIL CORP CV SR UNSEC NT PNC 460951AC0 6,368 6,400,000 PRN   DFND 1,2,3,4 6,400,000 0 0
JAKKS PACIFIC INC CV SR UNSEC NT 47012EAD8 1,072 1,150,000 PRN   DFND 1,2,3,4 1,150,000 0 0
JINKOSOLAR HOLDING CO LT CV SR UNSEC NT 144A 47759TAA8 13,141 13,653,000 PRN   DFND 1,2,3,4 13,653,000 0 0
KB HOME CV SR UNSEC NT 48666KAS8 30,084 29,500,000 PRN   DFND 1,2,3,4 29,500,000 0 0
LAM RESEARCH CORP CV SR UNSEC NT 512807AJ7 58,090 51,400,000 PRN   DFND 1,2,3,4 51,400,000 0 0
LAM RESEARCH CORP CV SR UNSEC NT SER B 512807AL2 12,011 10,000,000 PRN   DFND 1,2,3,4 10,000,000 0 0
LEAP WIRELESS INTL INC CV SR UNSEC NT 521863AL4 5,102 5,000,000 PRN   DFND 1,2,3,4 5,000,000 0 0
LEVEL 3 COMMUNICATIONS INC COMMON STOCK NEW 52729N308 40,796 1,528,500 SH   DFND 1,2,3,4 1,528,500 0 0
MANNKIND CORP CV SR UNSEC NT 56400PAA0 10,274 10,378,000 PRN   DFND 1,2,3,4 10,378,000 0 0
MASONITE INTERNATIONAL CORP COMMON STOCK 575385109 233,804 4,778,334 SH   DFND 1,2,3,4 4,778,334 0 0
MENTOR GRAPHICS CORP CV SUB UNSEC NT 587200AK2 54,144 41,306,000 PRN   DFND 1,2,3,4 41,306,000 0 0
MERITAGE HOMES CORP CV SR UNSEC NT 59001AAR3 30,940 28,650,000 PRN   DFND 1,2,3,4 28,650,000 0 0
MERITOR INC CV SR UNSEC STEP CPN NT 043353AH4 19,423 21,068,000 PRN   DFND 1,2,3,4 21,068,000 0 0
MGIC INVESTMENT CORP COMMON STOCK 552848103 87,360 12,000,000 SH   DFND 1,2,3,4 12,000,000 0 0
MGIC INVESTMENT CORP CV SR UNSEC NT 552848AD5 8,201 7,500,000 PRN   DFND 1,2,3,4 7,500,000 0 0
MGIC INVESTMENT CORP CV SR UNSEC NT 552848AE3 45,184 35,600,000 PRN   DFND 1,2,3,4 35,600,000 0 0
MGM RESORTS INTL CV SR UNSEC NT 55303QAE0 141,252 111,365,000 PRN   DFND 1,2,3,4 111,365,000 0 0
Mobile Telesystems OJSC Mobile Telesystems OJSC 607409109 1,622 72,853 SH   DFND 1,2,3,4 72,853 0 0
MOLYCORP INC CV SR UNSEC NT 608753AA7 2,501 3,500,000 PRN   DFND 1,2,3,4 3,500,000 0 0
MOLYCORP INC CV SR UNSEC NT PNC 608753AF6 11,135 13,800,000 PRN   DFND 1,2,3,4 13,800,000 0 0
MORGANS HOTEL GROUP CO CV SR SUB NT 61748WAB4 12,913 13,177,000 PRN   DFND 1,2,3,4 13,177,000 0 0
NAVISTAR INTL CORP CV SR SUB NT 63934EAL2 3,311 3,231,000 PRN   DFND 1,2,3,4 3,231,000 0 0
NETAPP INC COMMON STOCK 64110D104 15,769 370,000 SH   DFND 1,2,3,4 370,000 0 0
NRG ENERGY INC COMMON STOCK 629377508 36,212 1,325,000 SH   DFND 1,2,3,4 1,325,000 0 0
NUVASIVE INC CV SR UNSEC NT 670704AC9 6,509 6,647,000 PRN   DFND 1,2,3,4 6,647,000 0 0
NY COMMUNITY CAP TRUST V 6% CV PFD (BONUSES) PNC 64944P307 16,376 332,500 SH   DFND 1,2,3,4 332,500 0 0
OLD REPUBLIC INTL CORP CV SR UNSEC NT 680223AH7 19,207 16,113,000 PRN   DFND 1,2,3,4 16,113,000 0 0
OMNICARE INC CV SR UNSEC NT SER-OCR CPDI 681904AL2 3,531 3,309,000 PRN   DFND 1,2,3,4 3,309,000 0 0
OMNICARE INC CV SR SUB NT CPDI 681904AQ1 86,072 90,250,000 PRN   DFND 1,2,3,4 90,250,000 0 0
ON SEMICONDUCTOR CORP CV SR SUB NT SER-B 682189AH8 72,050 66,445,000 PRN   DFND 1,2,3,4 66,445,000 0 0
ORBOTECH LTD COMMON STOCK M75253100 9,644 804,356 SH   DFND 1,2,3,4 804,356 0 0
PETROLEO BRASILEIRO SA SPONSORED ADR PETROLEO BRASILEIRO SA SPONSORED ADR 71654V408 10,206 658,860 SH   DFND 1,2,3,4 658,860 0 0
PHOTRONICS INC CV SR UNSEC NT 719405AH5 36,541 32,698,000 PRN   DFND 1,2,3,4 32,698,000 0 0
PREFORMED LINE PRODUCTS CO COMMON STOCK 740444104 7,566 105,181 SH   DFND 1,2,3,4 105,181 0 0
PRICELINE.COM INC CV SR UNSEC NT 741503AQ9 7,646 5,925,000 PRN   DFND 1,2,3,4 5,925,000 0 0
PROSPECT CAPITAL CORP CV SR UNSEC NT 74348TAD4 10,423 10,000,000 PRN   DFND 1,2,3,4 10,000,000 0 0
PROSPECT CAPITAL CORP CV SR UNSEC NT 74348TAK8 3,105 3,000,000 PRN   DFND 1,2,3,4 3,000,000 0 0
PROSPECT CAPITAL CORP CV SR UNSEC NT 74348TAL6 7,546 7,304,000 PRN   DFND 1,2,3,4 7,304,000 0 0
PROVIDENCE SERVICE CORP CV SR SUB NT 743815AB8 11,752 11,382,000 PRN   DFND 1,2,3,4 11,382,000 0 0
PULSE ELECTRONICS CORP COMMON STOCK 74586W205 14,994 3,844,658 SH   DFND 1,2,3,4 3,844,658 0 0
RADIAN GROUP INC CV SR UNSEC NT PNC 750236AN1 10,475 7,150,000 PRN   DFND 1,2,3,4 7,150,000 0 0
REDWOOD TRUST INC CV SR UNSEC NT REIT 758075AB1 27,805 26,250,000 PRN   DFND 1,2,3,4 26,250,000 0 0
RF MICRO DEVICES INC CV SUB NT 749941AJ9 4,057 4,000,000 PRN   DFND 1,2,3,4 4,000,000 0 0
RTI INTERNATIONAL METALS CV SR UNSEC NT 74973WAA5 36,636 31,975,000 PRN   DFND 1,2,3,4 31,975,000 0 0
RTI INTERNATIONAL METALS CV SR UNSEC NT 74973WAB3 45,323 43,600,000 PRN   DFND 1,2,3,4 43,600,000 0 0
SALIX PHARMACEUTICALS LTD CV SR UNSEC NT 795435AE6 110,622 89,905,000 PRN   DFND 1,2,3,4 89,905,000 0 0
SANDISK CORP CV SR UNSEC NT 80004CAD3 87,604 65,930,000 PRN   DFND 1,2,3,4 65,930,000 0 0
STAR BULK CARRIERS CORP COMMON STOCK Y8162K121 39,161 3,865,888 SH   DFND 1,2,3,4 3,865,888 0 0
STARWOOD PROPERTY TRUST CV SR UNSEC NT REIT 85571BAA3 20,897 20,000,000 PRN   DFND 1,2,3,4 20,000,000 0 0
STARWOOD PROPERTY TRUST CV SR UNSEC NT REIT 85571BAB1 31,189 30,000,000 PRN   DFND 1,2,3,4 30,000,000 0 0
STERLITE INDUSTRIES LTD CV SR UNSEC NT PNC 859737AB4 18,628 18,961,000 PRN   DFND 1,2,3,4 18,961,000 0 0
STILLWATER MINING COMPANY CV SR UNSEC NT 86074QAL6 20,397 19,432,000 PRN   DFND 1,2,3,4 19,432,000 0 0
STONE ENERGY CORP CV SR UNSEC NT 861642AN6 88,948 81,700,000 PRN   DFND 1,2,3,4 81,700,000 0 0
TAIWAN SEMICONDUCTOR SPONSORED ADR TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 7,228 426,184 SH   DFND 1,2,3,4 426,184 0 0
TAKE-TWO INTERACTIVE SOFTWARE CV SR UNSEC NT 874054AC3 35,754 29,828,000 PRN   DFND 1,2,3,4 29,828,000 0 0
TAKE-TWO INTERACTIVE SOFTWARE CV SR UNSEC NT 874054AD1 30,388 27,500,000 PRN   DFND 1,2,3,4 27,500,000 0 0
Tata Motors Tata Motors 876568502 7,121 267,500 SH   DFND 1,2,3,4 267,500 0 0
TELEF BRASIL TELEF BRASIL 87936R106 6,781 302,200 SH   DFND 1,2,3,4 302,200 0 0
TITAN MACHINERY INC CV SR UNSEC NT 88830RAB7 9,400 10,474,000 PRN   DFND 1,2,3,4 10,474,000 0 0
TMS INTERNATIONAL CORP-A COMMON STOCK 87261Q103 24,109 1,382,425 SH   DFND 1,2,3,4 1,382,425 0 0
TOWER GROUP INTL LTD CV SR UNSEC NT 891777AC8 10,444 12,284,000 PRN   DFND 1,2,3,4 12,284,000 0 0
TTM TECHNOLOGIES CV SR UNSEC NT 87305RAC3 17,506 17,143,000 PRN   DFND 1,2,3,4 17,143,000 0 0
TURKCELL ILETISIM HIZM SPONSORED ADR TURKCELL ILETISIM HIZM SPONSORED ADR 900111204 1,206 81,796 SH   DFND 1,2,3,4 81,796 0 0
UNITED TECHNOLOGIES CORP 7.50% CV MAND PFD EQUITY UNITS 913017117 31,744 489,950 SH   DFND 1,2,3,4 489,950 0 0
US STEEL CORP CV SR UNSEC NT 912909AE8 5,144 5,000,000 PRN   DFND 1,2,3,4 5,000,000 0 0
US STEEL CORP CV SR UNSEC NT PNC 912909AH1 27,519 24,740,000 PRN   DFND 1,2,3,4 24,740,000 0 0
Vale S.A. PFD Vale S.A. PFD 91912E204 9,786 688,700 SH   DFND 1,2,3,4 688,700 0 0
VECTOR GROUP LTD CV SR UNSEC VARIABLE NT CPDI 92240MAY4 25,189 21,185,000 PRN   DFND 1,2,3,4 21,185,000 0 0
VISHAY INTERTECHNOLOGY INC COMMON STOCK 928298108 35,448 2,750,000 SH   DFND 1,2,3,4 2,750,000 0 0
VOLCANO CORP CV SR UNSEC NT 928645AB6 35,351 33,960,000 PRN   DFND 1,2,3,4 33,960,000 0 0
WABASH NATIONAL CORP CV SR UNSEC NT 929566AH0 28,993 21,980,000 PRN   DFND 1,2,3,4 21,980,000 0 0
WALTER INVESTMENT MGMT CV SR SUB NT 93317WAA0 37,578 35,505,000 PRN   DFND 1,2,3,4 35,505,000 0 0
WEB.COM GROUP INC CV SR UNSEC NT PNC 94733AAA2 33,010 29,000,000 PRN   DFND 1,2,3,4 29,000,000 0 0
WEBMD HEALTH CORP CV SR UNSEC NT 94770VAF9 6,626 7,000,000 PRN   DFND 1,2,3,4 7,000,000 0 0
WRIGHT MEDICAL GROUP INC CV SR UNSEC NT 98235TAC1 70,710 57,612,000 PRN   DFND 1,2,3,4 57,612,000 0 0
WSP HOLDINGS LTD-ADR COMMON STOCK 92934F203 2,916 1,408,800 SH   DFND 1,2,3,4 1,408,800 0 0
XPO LOGISTICS INC CV SR UNSEC NT PNC 983793AA8 28,572 19,650,000 PRN   DFND 1,2,3,4 19,650,000 0 0
YRC WORLDWIDE INC CV SEC 2ND LIEN 10% PIK NT SER-A 984249AB8 12,090 13,000,000 PRN   DFND 1,2,3,4 13,000,000 0 0