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
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 144,474 116,165,000 PRN   DFND 1,2,3,4 99,999,999 0 0
CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 108,121 114,171,000 PRN   DFND 1,2,3,4 99,999,999 0 0
MGM RESORTS INTL NOTE 4.260% 4/1 55303QAE0 116,752 109,165,000 PRN   DFND 1,2,3,4 99,999,999 0 0
SANDISK CORP NOTE 1.500% 80004CAD3 100,897 85,405,000 PRN   DFND 1,2,3,4 85,405,000 0 0
ON SEMICONDUCTOR CORP NOTE 2.625% 12/1 682189AH8 79,953 67,445,000 PRN   DFND 1,2,3,4 67,445,000 0 0
UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 78,388 66,010,000 PRN   DFND 1,2,3,4 66,010,000 0 0
MICRON TECHNOLOGY INC DEBT 1.875% 6/0 595112AK9 65,723 65,724,000 PRN   DFND 1,2,3,4 65,724,000 0 0
COVANTA HOLDING CORP NOTE 3.250% 6/1 22282EAC6 70,539 61,135,000 PRN   DFND 1,2,3,4 61,135,000 0 0
BROOKDALE SENIOR LIVING NOTE 2.750% 6/1 112463AA2 56,705 60,850,000 PRN   DFND 1,2,3,4 60,850,000 0 0
AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 62,039 52,500,000 PRN   DFND 1,2,3,4 52,500,000 0 0
LIBERTY MEDIA CORP NEW DEB 3.125% 3/3 530718AF2 61,385 50,870,000 PRN   DFND 1,2,3,4 50,870,000 0 0
FIRST BANCORP PUERTO RICO COM 318672706 223,012 50,684,485 SH   DFND 1,2,3,4 50,684,485 0 0
HELIX ENERGY SOLUTIONS GRP I NOTE 3.250% 3/1 42330PAG2 53,790 50,000,000 PRN   DFND 1,2,3,4 50,000,000 0 0
UNITED THERAPEUTICS CORP DEL NOTE 1.000% 9/1 91307CAE2 57,217 49,460,000 PRN   DFND 1,2,3,4 49,460,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 58,226 49,275,000 PRN   DFND 1,2,3,4 49,275,000 0 0
KNIGHT CAP GROUP INC NOTE 3.500% 3/1 499005AE6 44,587 47,110,000 PRN   DFND 1,2,3,4 47,110,000 0 0
SBA COMMUNICATIONS CORP NOTE 1.875% 5/0 78388JAN6 58,592 46,382,000 PRN   DFND 1,2,3,4 46,382,000 0 0
BPZ RESOURCES INC MTNF 6.500% 3/0 055639AB4 38,069 41,995,000 PRN   DFND 1,2,3,4 41,995,000 0 0
CHEMED CORP NOTE 1.875% 5/1 16359RAC7 42,486 41,499,000 PRN   DFND 1,2,3,4 41,499,000 0 0
LIFEPOINT HOSPITALS INC NOTE 3.500% 5/1 53219LAH2 43,554 41,467,000 PRN   DFND 1,2,3,4 41,467,000 0 0
STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 46,708 40,922,000 PRN   DFND 1,2,3,4 40,922,000 0 0
CHART INDUSTRIES INC NOTE 2.000% 8/0 16115QAC4 48,572 37,571,000 PRN   DFND 1,2,3,4 37,571,000 0 0
EXCO RESOURCES INC COM 269279402 243,844 36,778,946 SH   DFND 1,2,3,4 36,778,946 0 0
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 37,308 36,475,000 PRN   DFND 1,2,3,4 36,475,000 0 0
ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 44,420 35,247,000 PRN   DFND 1,2,3,4 35,247,000 0 0
DFC GLOBAL CORP NOTE 3.00% 4/0 256664AC7 41,890 35,072,000 PRN   DFND 1,2,3,4 35,072,000 0 0
NASH FINCH CO FRNT 1.631% 3/1 631158AD4 16,075 34,302,000 PRN   DFND 1,2,3,4 34,302,000 0 0
OMNICARE INC NOTE 3.750%12/1 681904AN8 46,911 32,645,000 PRN   DFND 1,2,3,4 32,645,000 0 0
SUNPOWER CORP DBCV 4.500% 3/1 867652AE9 28,596 31,817,000 PRN   DFND 1,2,3,4 31,817,000 0 0
OLD REPUBLIC INTL CORP NOTE 3.750% 3/1 680223AH7 29,161 30,323,000 PRN   DFND 1,2,3,4 30,323,000 0 0
NEWPARK RESOURCES INC NOTE 4.000%10/0 651718AC2 32,404 29,474,000 PRN   DFND 1,2,3,4 29,474,000 0 0
DRYSHIPS INC NOTE 5.000%12/0 262498AB4 24,645 29,000,000 PRN   DFND 1,2,3,4 29,000,000 0 0
NUVASIVE INC NOTE 2.750% 7/0 670704AC9 24,138 28,815,000 PRN   DFND 1,2,3,4 28,815,000 0 0
ROVI CORP NOTE 2.625% 2/1 779376AB8 30,304 28,741,000 PRN   DFND 1,2,3,4 28,741,000 0 0
TELEFLEX INC NOTE 3.875% 8/0 879369AA4 30,600 28,615,000 PRN   DFND 1,2,3,4 28,615,000 0 0
NAVISTAR INTL CORP NOTE 3.000%10/1 63934EAL2 30,918 28,075,000 PRN   DFND 1,2,3,4 28,075,000 0 0
RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 17,476 25,380,000 PRN   DFND 1,2,3,4 25,380,000 0 0
ICAHN ENTERPRISES LP FRNT 8/1 451102AB3 25,351 25,225,000 PRN   DFND 1,2,3,4 25,225,000 0 0
COMTECH TELECOMMUNICATIONS NOTE 3.000% 5/1 205826AF7 28,133 24,820,000 PRN   DFND 1,2,3,4 24,820,000 0 0
CACI INTERNATIONAL INC NOTE 2.125% 5/0 127190AD8 30,307 24,347,000 PRN   DFND 1,2,3,4 24,347,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 23,651 23,830,000 PRN   DFND 1,2,3,4 23,830,000 0 0
ALLIANCE HEALTHCARE SRVCS COM 018606202 35,674 23,782,451 SH   DFND 1,2,3,4 23,782,451 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 22,212 23,281,000 PRN   DFND 1,2,3,4 23,281,000 0 0
SOLARFUN POWER HOLDINGS CO L NOTE 3.500% 1/1 83415UAB4 15,773 23,271,000 PRN   DFND 1,2,3,4 23,271,000 0 0
ISTAR FINANCIAL INC FRNT 10/0 45031UBF7 22,737 23,201,000 PRN   DFND 1,2,3,4 23,201,000 0 0
TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 24,789 22,925,000 PRN   DFND 1,2,3,4 22,925,000 0 0
BARNES GROUP INC NOTE 3.375% 3/1 067806AD1 25,761 22,737,000 PRN   DFND 1,2,3,4 22,737,000 0 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 21,376 22,500,000 PRN   DFND 1,2,3,4 22,500,000 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 23,842 22,375,000 PRN   DFND 1,2,3,4 22,375,000 0 0
MGIC INVESTMENT CORP NOTE 5.00% 5/0 552848AD5 17,147 22,000,000 PRN   DFND 1,2,3,4 22,000,000 0 0
PHH CORP NOTE 4.000% 9/0 693320AN3 21,237 21,975,000 PRN   DFND 1,2,3,4 21,975,000 0 0
ALERE INC NOTE 3.000% 5/1 01449JAA3 21,523 21,580,000 PRN   DFND 1,2,3,4 21,580,000 0 0
JAMES RIVER COAL CO NOTE 4.500%12/0 470355AF5 10,681 21,210,000 PRN   DFND 1,2,3,4 21,210,000 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 22,223 20,750,000 PRN   DFND 1,2,3,4 20,750,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 19,767 20,432,000 PRN   DFND 1,2,3,4 20,432,000 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 26,013 20,259,000 PRN   DFND 1,2,3,4 20,259,000 0 0
MEDIVATION INC NOTE 2.625% 58501NAA9 21,072 20,000,000 PRN   DFND 1,2,3,4 20,000,000 0 0
INTERPUBLIC GROUP COS NOTE 4.750% 3/1 460690BE9 22,279 19,645,000 PRN   DFND 1,2,3,4 19,645,000 0 0
APOLLO INVT CORP NOTE 5.750% 1/1 03761UAE6 19,391 19,630,000 PRN   DFND 1,2,3,4 19,630,000 0 0
HERCULES OFFSHORE LLC NOTE 3.375% 6/0 427093AD1 19,276 19,583,000 PRN   DFND 1,2,3,4 19,583,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 607,108 19,217,976 SH   DFND 1,2,3,4 19,217,976 0 0
LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AG2 14,408 18,200,000 PRN   DFND 1,2,3,4 18,200,000 0 0
GOLDCORP INC NOTE 2% 8/0 380956AB8 20,790 17,120,000 PRN   DFND 1,2,3,4 17,120,000 0 0
COGENT COMMUNICATIONS GROUP NOTE 1.000% 6/1 19239VAB0 15,557 17,000,000 PRN   DFND 1,2,3,4 17,000,000 0 0
PROSPECT CAPITAL CORP NOTE 5.500% 8/1 74348TAD4 16,295 16,800,000 PRN   DFND 1,2,3,4 16,800,000 0 0
CHARTER COMMUNICATION-A CL A 16117M305 1,061,761 16,733,819 SH   DFND 1,2,3,4 16,733,819 0 0
ARVINMERITOR INC FRNT 4.625% 3/0 043353AF8 15,304 16,527,000 PRN   DFND 1,2,3,4 16,527,000 0 0
INSULET CORPORATION NOTE 3.750% 6/1 45784PAC5 16,680 15,741,000 PRN   DFND 1,2,3,4 15,741,000 0 0
GROUP 1 AUTOMOTIVE INC FRNT 2.250% 6/1 398905AE9 17,342 15,535,000 PRN   DFND 1,2,3,4 15,535,000 0 0
CRIMSON EXPLORATION INC COM 22662K207 64,428 15,524,819 SH   DFND 1,2,3,4 15,524,819 0 0
ANNALY CAP MGMT INC NOTE 4.000% 2/1 035710AA0 18,178 15,500,000 PRN   DFND 1,2,3,4 15,500,000 0 0
CHENIERE ENERGY INC NOTE 2.250% 8/0 16411RAE9 15,032 15,035,000 PRN   DFND 1,2,3,4 15,035,000 0 0
GOLDEN STAR RES LTD CDA DBCV 4% 11/3 38119TAC8 14,716 14,760,000 PRN   DFND 1,2,3,4 14,760,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.250%12/1 165167CB1 11,473 14,000,000 PRN   DFND 1,2,3,4 14,000,000 0 0
CHARMING SHOPPES NOTE 1.125% 5/0 161133AE3 13,093 13,753,000 PRN   DFND 1,2,3,4 13,753,000 0 0
SPIRIT AIRLINES INC COM 848577102 261,256 13,017,261 SH   DFND 1,2,3,4 13,017,261 0 0
FIVE STAR QUALITY CARE I NOTE 3.750%10/1 33832DAB2 12,292 13,014,000 PRN   DFND 1,2,3,4 13,014,000 0 0
HANOVER COMPRESSOR CO NOTE 4.750% 410768AE5 11,873 12,980,000 PRN   DFND 1,2,3,4 12,980,000 0 0
OMNICARE INC DBCV 3.250%12/1 681904AL2 11,731 12,845,000 PRN   DFND 1,2,3,4 12,845,000 0 0
PROVIDENCE SERVICE CORP NOTE 6.500% 5/1 743815AB8 12,643 12,655,000 PRN   DFND 1,2,3,4 12,655,000 0 0
STERLITE INDS INDIA LTD NOTE 4.000%10/3 859737AB4 11,831 12,539,000 PRN   DFND 1,2,3,4 12,539,000 0 0
SALIX PHARMACEUTICALS INC NOTE 2.750% 795435AC0 16,731 12,454,000 PRN   DFND 1,2,3,4 12,454,000 0 0
RAIT FINANCIAL TRUST NOTE 7.000% 4/0 749227AA2 10,190 12,042,000 PRN   DFND 1,2,3,4 12,042,000 0 0
SUNTECH PWR HLDGS CO LTD NOTE 3.000% 3/1 86800CAE4 9,510 11,885,000 PRN   DFND 1,2,3,4 11,885,000 0 0
USEC INC NOTE 3.000%10/0 90333EAC2 5,010 10,455,000 PRN   DFND 1,2,3,4 10,455,000 0 0
CENTRAL EURO MEDIA ENTER NOTE 5.000%11/1 153443AH9 8,364 10,400,000 PRN   DFND 1,2,3,4 10,400,000 0 0
LIVE NATION ENTERTAINMENT NOTE 2.875% 7/1 538034AB5 9,766 10,184,000 PRN   DFND 1,2,3,4 10,184,000 0 0
RADISYS CORP NOTE 2.750% 2/1 750459AE9 10,107 10,184,000 PRN   DFND 1,2,3,4 10,184,000 0 0
VERENIUM CORP NOTE 5.500% 4/0 92340PAA8 9,873 10,080,000 PRN   DFND 1,2,3,4 10,080,000 0 0
ARCELORMITTAL SA LUXEMBOURG NOTE 5.000% 5/1 03938LAK0 9,798 9,040,000 PRN   DFND 1,2,3,4 9,040,000 0 0
CIT GROUP INC COM NEW 125581801 360,151 8,733,059 SH   DFND 1,2,3,4 8,733,059 0 0
RENTECH INC NOTE 4.000% 4/1 760112AA0 7,485 7,509,000 PRN   DFND 1,2,3,4 7,509,000 0 0
SUNPOWER CORP DBCV 4.750% 4/1 867652AC3 6,517 7,350,000 PRN   DFND 1,2,3,4 7,350,000 0 0
LUCENT TECHNOLOGIES INC DBCV 2.750% 6/1 549463AH0 6,313 7,000,000 PRN   DFND 1,2,3,4 7,000,000 0 0
DENDREON CORP NOTE 2.875% 1/1 24823QAC1 5,315 7,000,000 PRN   DFND 1,2,3,4 7,000,000 0 0
IXIA NOTE 3.000%12/1 45071RAB5 7,084 7,000,000 PRN   DFND 1,2,3,4 7,000,000 0 0
ALBANY INTL CORP FRNT 2.250% 3/1 012348AC2 6,199 6,832,000 PRN   DFND 1,2,3,4 6,832,000 0 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 5,536 6,750,000 PRN   DFND 1,2,3,4 6,750,000 0 0
EXIDE TECHNOLOGIES FRNT 9/1 302051AL1 5,788 6,740,000 PRN   DFND 1,2,3,4 6,740,000 0 0
COMPUCREDIT HLDG NOTE 3.625% 5/3 20478NAB6 6,449 6,702,000 PRN   DFND 1,2,3,4 6,702,000 0 0
TIME WARNER TELECOM INC DBCV 2.375% 887319AC5 8,302 6,632,000 PRN   DFND 1,2,3,4 6,632,000 0 0
CHIQUITA BRANDS INTL NOTE 4.250% 8/1 170032AT3 5,647 6,485,000 PRN   DFND 1,2,3,4 6,485,000 0 0
AMERICAN EQTY INVT LIFE HLD NOTE 5.250%12/0 025676AE7 6,846 6,465,000 PRN   DFND 1,2,3,4 6,465,000 0 0
EAGLE BULK SHIPPING INC COM Y2187A101 11,980 6,175,000 SH   DFND 1,2,3,4 6,175,000 0 0
GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 6,033 6,000,000 PRN   DFND 1,2,3,4 6,000,000 0 0
VOLCANO CORP NOTE 2.875% 9/0 928645AA8 6,511 5,640,000 PRN   DFND 1,2,3,4 5,640,000 0 0
ISIS PHARMACEUTICALS INC NOTE 2.625% 2/1 464337AE4 5,256 5,439,000 PRN   DFND 1,2,3,4 5,439,000 0 0
GOODRICH PETE CORP NOTE 5.000%10/0 382410AC2 5,233 5,290,000 PRN   DFND 1,2,3,4 5,290,000 0 0
GENON ENERGY INC COM 37244E107 10,400 5,000,000 SH   DFND 1,2,3,4 5,000,000 0 0
SPARTAN STORES INC NOTE 3.375% 846822AE4 4,478 4,898,000 PRN   DFND 1,2,3,4 4,898,000 0 0
OLD REPUBLIC INTL CORP NOTE 8.000% 5/1 680223AF1 4,812 4,743,000 PRN   DFND 1,2,3,4 4,743,000 0 0
HAWAIIAN HOLDINGS INC NOTE 5.000% 3/1 419879AD3 4,322 4,649,000 PRN   DFND 1,2,3,4 4,649,000 0 0
CUMULUS MEDIA INC-CL A CL A 231082108 13,911 3,985,983 SH   DFND 1,2,3,4 3,985,983 0 0
GREENBRIER COS INC NOTE 2.375% 5/1 393657AD3 3,510 3,835,000 PRN   DFND 1,2,3,4 3,835,000 0 0
MORGANS HOTEL GROUP CO NOTE 2.375%10/1 61748WAB4 2,447 3,000,000 PRN   DFND 1,2,3,4 3,000,000 0 0
POWERWAVE TECHNOLOGIES INC NOTE 3.875%10/0 739363AF6 1,416 2,972,000 PRN   DFND 1,2,3,4 2,972,000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 33,440 2,750,000 SH   DFND 1,2,3,4 2,750,000 0 0
FURNITURE BRANDS INTL INC COM 360921100 4,368 2,600,000 SH   DFND 1,2,3,4 2,600,000 0 0
ALLIANCE ONE INTL INC NOTE 5.500% 7/1 018772AQ6 2,553 2,582,000 PRN   DFND 1,2,3,4 2,582,000 0 0
CAESARS ENTERTAINMENT CORP COM 127686103 37,409 2,537,957 SH   DFND 1,2,3,4 2,537,957 0 0
K V PHARMACEUTICAL NOTE 2.500% 482740AC1 625 2,500,000 PRN   DFND 1,2,3,4 2,500,000 0 0
RAMBUS INC DEL NOTE 5.000% 6/1 750917AC0 2,444 2,500,000 PRN   DFND 1,2,3,4 2,500,000 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 5,605 2,287,900 SH   DFND 1,2,3,4 2,287,900 0 0
STEWART ENTERPRISES INC NOTE 3.125% 7/1 860370AH8 2,230 2,250,000 PRN   DFND 1,2,3,4 2,250,000 0 0
AVATAR HLDGS INC NOTE 7.500% 2/1 053494AG5 1,946 2,000,000 PRN   DFND 1,2,3,4 2,000,000 0 0
GENERAL MOTORS CO JR PFD CNV SRB 37045V209 79,615 1,902,400 SH   DFND 1,2,3,4 1,902,400 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T107 9,620 1,512,532 SH   DFND 1,2,3,4 1,512,532 0 0
AMYLIN PHARMACEUTICALS INC NOTE 3.000% 6/1 032346AF5 1,400 1,491,000 PRN   DFND 1,2,3,4 1,491,000 0 0
WSP HOLDINGS LIMITED ADR NEW 92934F203 2,719 1,408,800 SH   DFND 1,2,3,4 1,408,800 0 0
JAKKS PACIFIC INC COM 47012E106 23,279 1,334,017 SH   DFND 1,2,3,4 1,334,017 0 0
HEADWATERS INC NOTE 2.500% 2/0 42210PAD4 1,174 1,330,000 PRN   DFND 1,2,3,4 1,330,000 0 0
ENTERTAINMENT PROPERTIES PFD C CNV 5.75 29380T402 20,909 1,002,821 SH   DFND 1,2,3,4 1,002,821 0 0
SAFEWAY INC COM NEW 786514208 20,210 1,000,000 SH   DFND 1,2,3,4 1,000,000 0 0
COMCAST CORP-CLASS A CL A 20030N101 28,194 939,500 SH   DFND 1,2,3,4 939,500 0 0
PARKER DRILLING CO NOTE 2.125% 7/1 701081AR2 924 925,000 PRN   DFND 1,2,3,4 925,000 0 0
CARRIZO OIL & GAS INC NOTE 4.375% 6/1 144577AA1 847 850,000 PRN   DFND 1,2,3,4 850,000 0 0
OMNICARE CAP TRUST II PFD B 68214Q200 40,084 835,260 SH   DFND 1,2,3,4 835,260 0 0
STILLWATER MNG CO NOTE 1.875% 3/1 86074QAF9 788 795,000 PRN   DFND 1,2,3,4 795,000 0 0
APACHE CORP PFD CONV SER D 037411808 35,393 668,700 SH   DFND 1,2,3,4 668,700 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 16,725 650,000 SH   DFND 1,2,3,4 650,000 0 0
METLIFE INC UNIT 99/99/9999 59156R116 40,614 574,300 PRN   DFND 1,2,3,4 574,300 0 0
TIME WARNER CABLE INC COM 88732J207 44,092 541,000 SH   DFND 1,2,3,4 541,000 0 0
VALE SA ADR 91912E105 12,266 525,754 SH   DFND 1,2,3,4 525,754 0 0
Melco PBL Entertainment ADR 585464100 5,955 436,612 SH   DFND 1,2,3,4 436,612 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 7,292 416,700 SH   DFND 1,2,3,4 416,700 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 5,766 292,400 SH   DFND 1,2,3,4 292,400 0 0
GOLDCORP INC NEW COM 380956409 13,155 291,950 SH   DFND 1,2,3,4 291,950 0 0
FIFTH THIRD BANCORP CNV PFD DEP1/250 316773209 38,608 270,380 PRN   DFND 1,2,3,4 270,380 0 0
COMMONWEALTH REIT 6.50% PFD CUM 203233408 5,142 240,711 PRN   DFND 1,2,3,4 240,711 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 5,910 238,000 SH   DFND 1,2,3,4 238,000 0 0
COMPANIA DE MINAS BUEN SPON ADR SER B SPONSORED ADR 204448104 6,427 159,444 SH   DFND 1,2,3,4 159,444 0 0
RIO TINTO PLC SPONSORED ADR 767204100 7,866 141,500 SH   DFND 1,2,3,4 141,500 0 0
STANLEY BLACK & DECKER INC UNIT 99/99/9999 854502309 16,884 138,760 PRN   DFND 1,2,3,4 138,760 0 0
ENTERTAINMENT PROPERTIES CONV PFD 9 SR E 29380T600 2,442 87,500 SH   DFND 1,2,3,4 87,500 0 0
SINA COM ORD ORD G81477104 2,620 40,300 SH   DFND 1,2,3,4 40,300 0 0
BANK OF AMERICA CORP 7.25% CNV PFD L 060505682 16,936 17,415 PRN   DFND 1,2,3,4 17,415 0 0
TELEFONICA BRASIL SA ADR 87936R106 282 9,200 SH   DFND 1,2,3,4 9,200 0 0
Southern Copper Corp COM 84265V105 287 9,052 SH   DFND 1,2,3,4 9,052 0 0