# EDGAR Filing Document

**Accession Number:** 0001520478
**File Stem:** 0001398344-25-019808
**Filing Date:** 2025-10
**Character Count:** 23595
**Document Hash:** ff6e289b4ef1015c20caa2deac261ac0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-019808.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001398344-25-019808

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**EFFECTIVENESS DATE**: 20251027

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RWC Asset Management LLP
- **CENTRAL INDEX KEY:** 0001520478

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14481
- **FILM NUMBER:** 251418295

**BUSINESS ADDRESS:**
- **STREET 1:** VERDE 4TH FLOOR, 10 BRESSENDEN PLACE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1E 5DH
- **BUSINESS PHONE:** 011442072276000

**MAIL ADDRESS:**
- **STREET 1:** VERDE 4TH FLOOR, 10 BRESSENDEN PLACE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1E 5DH

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** RWC Asset Management LLP<br>**Address:** VERDE 4TH FLOOR 10 BRESSENDEN PLACE<br>LONDON, X0 SW1E 5DH

**Form 13F File Number:** 028-14481

**CRD Number (if applicable):** 000168656

**SEC File Number (if applicable):** 801-78533

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Fadi Freiha<br>**Title:** Compliance Officer<br>**Phone:** 44-0-20-7227-6150

**Signature, Place, and Date of Signing:**

/s/ Fadi Freiha  London, X0  10-23-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 188

**Form 13F Information Table Value Total:** $2067568323

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                             | Form 13F File Number   |
|:---|:---|:---|
|  | RWC Partners Ltd                 | 028-19398              |
|  | TORTOISE CAPITAL ADVISORS L.L.C. | 028-11123              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 375680 | 3848 | SH |  | SOLE |  | 3848 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 32997989 | 450423 | SH |  | SOLE |  | 450423 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 494861 | 2131 | SH |  | SOLE |  | 2131 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 332148 | 7386 | SH |  | SOLE |  | 7386 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 10414622 | 73638 | SH |  | SOLE |  | 73638 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 342945 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 7160999 | 126185 | SH |  | SOLE |  | 126185 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 218693 | 3250 | SH |  | SOLE |  | 3250 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 600849 | 2194 | SH |  | SOLE |  | 2194 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 18743870 | 185015 | SH |  | SOLE |  | 185015 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 14425970 | 65415 | SH |  | SOLE |  | 65415 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 22769383 | 826175 | SH |  | SOLE |  | 777415 | 0 | 48760 |
| HF SINCLAIR CORP | COM | 403949100 |  | 7517804 | 143634 | SH |  | SOLE |  | 143634 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 267463 | 3963 | SH |  | SOLE |  | 3963 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 13234614 | 30756 | SH |  | SOLE |  | 30756 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 274324 | 1595 | SH |  | SOLE |  | 1595 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 237328 | 1648 | SH |  | SOLE |  | 1648 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 3713956 | 133069 | SH |  | SOLE |  | 133069 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 626910 | 5033 | SH |  | SOLE |  | 5033 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 51100269 | 275592 | SH |  | SOLE |  | 275592 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 10819166 | 343030 | SH |  | SOLE |  | 257947 | 0 | 85083 |
| LEAR CORP | COM NEW | 521865204 |  | 57352529 | 570048 | SH |  | SOLE |  | 570048 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 572250 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 278358 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 574532 | 22513 | SH |  | SOLE |  | 22513 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 30704769 | 376607 | SH |  | SOLE |  | 376607 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 13099721 | 136101 | SH |  | SOLE |  | 80686 | 0 | 55415 |
| PACKAGING CORP AMER | COM | 695156109 |  | 229262 | 1052 | SH |  | SOLE |  | 1052 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 22799434 | 179863 | SH |  | SOLE |  | 179863 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 25246899 | 179770 | SH |  | SOLE |  | 179770 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 18926631 | 116687 | SH |  | SOLE |  | 116687 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 844566 | 6390 | SH |  | SOLE |  | 6390 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 24197808 | 289933 | SH |  | SOLE |  | 217826 | 0 | 72107 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 546621 | 2382 | SH |  | SOLE |  | 2382 | 0 | 0 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 47871425 | 1113807 | SH |  | SOLE |  | 1030665 | 0 | 83142 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 504702 | 7466 | SH |  | SOLE |  | 7466 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 11327858 | 119530 | SH |  | SOLE |  | 119530 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 44891850 | 545201 | SH |  | SOLE |  | 545201 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 15005025 | 341878 | SH |  | SOLE |  | 341878 | 0 | 0 |
| TELECOM ARGENTINA SA | SPON ADR REP B | 879273209 |  | 4869650 | 669828 | SH |  | SOLE |  | 669828 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 231355 | 477 | SH |  | SOLE |  | 477 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 775103 | 9493 | SH |  | SOLE |  | 9493 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 398199 | 1027 | SH |  | SOLE |  | 1027 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 623353 | 2232 | SH |  | SOLE |  | 2232 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 2843752 | 117075 | SH |  | SOLE |  | 40738 | 0 | 76337 |
| AES CORP | COM | 00130H105 |  | 6772031 | 514592 | SH |  | SOLE |  | 514592 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 321188 | 2398 | SH |  | SOLE |  | 2398 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 488086 | 2108 | SH |  | SOLE |  | 2108 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 714715 | 5478 | SH |  | SOLE |  | 5478 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 448556 | 3234 | SH |  | SOLE |  | 3234 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 1503465 | 1084000 | PRN |  | SOLE |  | 84000 | 0 | 1000000 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 |  | 17254998 | 18364000 | PRN |  | SOLE |  | 364000 | 0 | 18000000 |
| ALARM COM HLDGS INC | NOTE 2.250% 6/0 | 011642AD7 |  | 2475200 | 2580000 | PRN |  | SOLE |  | 80000 | 0 | 2500000 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 13533463 | 2520198 | SH |  | SOLE |  | 1492707 | 0 | 1027491 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 2819905 | 525122 | SH |  | SOLE | 2 | 525122 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 26737293 | 149596 | SH |  | SOLE |  | 149596 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 5701807 | 84584 | SH |  | SOLE |  | 84584 | 0 | 0 |
| ALLIANT ENERGY CORP | NOTE 3.875% 3/1 | 018802AC2 |  | 4976852 | 4632000 | PRN |  | SOLE |  | 132000 | 0 | 4500000 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 24460054 | 10968634 | SH |  | SOLE |  | 10968634 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 4652843 | 44576 | SH |  | SOLE |  | 44576 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 2091775 | 20040 | SH |  | SOLE | 2 | 20040 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 7920450 | 70404 | SH |  | SOLE |  | 70404 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 3827588 | 34023 | SH |  | SOLE | 2 | 34023 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 39897553 | 207454 | SH |  | SOLE |  | 207454 | 0 | 0 |
| AMERICAN WTR CAP CORP | NOTE 3.625% 6/1 | 03040WBE4 |  | 10248005 | 10230000 | PRN |  | SOLE |  | 230000 | 0 | 10000000 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 3307572 | 23763 | SH |  | SOLE |  | 23763 | 0 | 0 |
| ASCENDIS PHARMA A/S | NOTE 2.250% 4/0 | 04351PAD3 |  | 2024186 | 1481000 | PRN |  | SOLE |  | 81000 | 0 | 1400000 |
| AVISTA CORP | COM | 05379B107 |  | 16097456 | 425746 | SH |  | SOLE |  | 253846 | 0 | 171900 |
| BALL CORP | COM | 058498106 |  | 354604 | 7033 | SH |  | SOLE |  | 7033 | 0 | 0 |
| BANCO SANTANDER CHILE NEW | SP ADR REP COM | 05965X109 |  | 22548002 | 850868 | SH |  | SOLE |  | 704311 | 0 | 146557 |
| BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 |  | 290276 | 852 | SH |  | SOLE |  | 852 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.125% 1/1 | 08265TAB5 |  | 4438674 | 4497000 | PRN |  | SOLE |  | 197000 | 0 | 4300000 |
| BRIDGEBIO PHARMA INC | NOTE 2.500% 3/1 | 10806XAB8 |  | 3015320 | 2154000 | PRN |  | SOLE |  | 154000 | 0 | 2000000 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 24124781 | 871560 | SH |  | SOLE |  | 871560 | 0 | 0 |
| CMS ENERGY CORP | NOTE 3.375% 5/0 | 125896BX7 |  | 3972516 | 3620000 | PRN |  | SOLE |  | 120000 | 0 | 3500000 |
| CENTERPOINT ENERGY INC | NOTE 4.250% 8/1 | 15189TBD8 |  | 6802331 | 6146000 | PRN |  | SOLE |  | 146000 | 0 | 6000000 |
| CISCO SYS INC | COM | 17275R102 |  | 52144593 | 762125 | SH |  | SOLE |  | 762125 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 21061420 | 745537 | SH |  | SOLE |  | 441927 | 0 | 303610 |
| CLOUDFLARE INC | NOTE  8/1 | 18915MAC1 |  | 8206315 | 6592000 | PRN |  | SOLE |  | 192000 | 0 | 6400000 |
| COINBASE GLOBAL INC | NOTE 0.500% 6/0 | 19260QAB3 |  | 446403 | 403000 | PRN |  | SOLE |  | 403000 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE 0.250% 4/0 | 19260QAF4 |  | 13138625 | 10521000 | PRN |  | SOLE |  | 421000 | 0 | 10100000 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 682907 | 27437 | SH |  | SOLE |  | 27437 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 41903116 | 127338 | SH |  | SOLE |  | 102979 | 0 | 24359 |
| COUPANG INC | CL A | 22266T109 |  | 5345200 | 166000 | SH |  | SOLE |  | 166000 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 30720186 | 502210 | SH |  | SOLE |  | 362533 | 0 | 139677 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 3746601 | 61249 | SH |  | SOLE | 2 | 61249 | 0 | 0 |
| DROPBOX INC | NOTE  3/0 | 26210CAD6 |  | 3316078 | 3208000 | PRN |  | SOLE |  | 108000 | 0 | 3100000 |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 |  | 11027653 | 10260000 | PRN |  | SOLE |  | 260000 | 0 | 10000000 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 12598505 | 208412 | SH |  | SOLE |  | 208412 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 2328125 | 58349 | SH |  | SOLE | 2 | 58349 | 0 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 264799 | 256000 | PRN |  | SOLE |  | 256000 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 9790998 | 137630 | SH |  | SOLE |  | 137630 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 347518 | 6352 | SH |  | SOLE |  | 6352 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 84436194 | 1875943 | SH |  | SOLE |  | 1730694 | 0 | 145249 |
| EXELON CORP | COM | 30161N101 |  | 4067869 | 90377 | SH |  | SOLE | 2 | 90377 | 0 | 0 |
| EXPEDIA GROUP INC | NOTE  2/1 | 30212PBE4 |  | 12790282 | 12655000 | PRN |  | SOLE |  | 155000 | 0 | 12500000 |
| EYEPOINT PHARMACEUTICALS INC | COM NEW | 30233G209 |  | 230617 | 16195 | SH |  | SOLE |  | 16195 | 0 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 2231412 | 1882000 | PRN |  | SOLE |  | 82000 | 0 | 1800000 |
| FORD MTR CO | NOTE  3/1 | 345370CZ1 |  | 4693589 | 4625000 | PRN |  | SOLE |  | 325000 | 0 | 4300000 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 9417302 | 10280000 | PRN |  | SOLE |  | 280000 | 0 | 10000000 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 48345137 | 1152172 | SH |  | SOLE |  | 1043232 | 0 | 108940 |
| GRAN TIERRA ENERGY INC | COM | 38500T200 |  | 3320103 | 772507 | SH |  | SOLE |  | 772507 | 0 | 0 |
| GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 |  | 3685815 | 744609 | SH |  | SOLE |  | 744609 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 365258 | 5846 | SH |  | SOLE |  | 5846 | 0 | 0 |
| GUARDANT HEALTH INC | DEBT 1.250% 2/1 | 40131MAD1 |  | 2442168 | 1885000 | PRN |  | SOLE |  | 85000 | 0 | 1800000 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 289816 | 680 | SH |  | SOLE |  | 680 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 159891783 | 5871898 | SH |  | SOLE |  | 5871898 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 |  | 3293740 | 2332000 | PRN |  | SOLE |  | 132000 | 0 | 2200000 |
| IRHYTHM TECHNOLOGIES INC | NOTE 1.500% 9/0 | 450056AB2 |  | 2302349 | 1694000 | PRN |  | SOLE |  | 94000 | 0 | 1600000 |
| INSULET CORP | COM | 45784P101 |  | 201601 | 653 | SH |  | SOLE |  | 653 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 1.750% 6/1 | 462222AF7 |  | 3338100 | 2420000 | PRN |  | SOLE |  | 120000 | 0 | 2300000 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 214442 | 1129 | SH |  | SOLE |  | 1129 | 0 | 0 |
| ITRON INC | NOTE  3/1 | 465741AN6 |  | 3741306 | 3530000 | PRN |  | SOLE |  | 30000 | 0 | 3500000 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 4425776 | 43720 | SH |  | SOLE |  | 43720 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 424384 | 400000 | PRN |  | SOLE |  | 400000 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 3.125% 9/1 | 472145AH4 |  | 6190392 | 5200000 | PRN |  | SOLE |  | 0 | 0 | 5200000 |
| JD.COM INC | NOTE 0.250% 6/0 | 47215PAJ5 |  | 14513082 | 13490000 | PRN |  | SOLE |  | 290000 | 0 | 13200000 |
| KADANT INC | COM | 48282T104 |  | 301151 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 16592678 | 710303 | SH |  | SOLE |  | 710303 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 33462360 | 1311735 | SH |  | SOLE |  | 1311735 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 9100202 | 359124 | SH |  | SOLE |  | 359124 | 0 | 0 |
| LI AUTO INC | NOTE 0.250% 5/0 | 50202MAB8 |  | 2206283 | 1922000 | PRN |  | SOLE |  | 122000 | 0 | 1800000 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 1766638 | 1682000 | PRN |  | SOLE |  | 82000 | 0 | 1600000 |
| LIBERTY MEDIA CORP DEL | NOTE 3.750% 3/1 | 531229AP7 |  | 714825 | 685000 | PRN |  | SOLE |  | 85000 | 0 | 600000 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 1549212 | 1168000 | PRN |  | SOLE |  | 68000 | 0 | 1100000 |
| LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 54150E104 |  | 10586703 | 1436459 | SH |  | SOLE |  | 1436459 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 2939836 | 1745000 | PRN |  | SOLE |  | 145000 | 0 | 1600000 |
| LYFT INC | NOTE 0.625% 3/0 | 55087PAD6 |  | 1055158 | 1267000 | PRN |  | SOLE |  | 67000 | 0 | 1200000 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 2966301 | 2700000 | PRN |  | SOLE |  | 200000 | 0 | 2500000 |
| MACYS INC | COM | 55616P104 |  | 195478418 | 10902310 | SH |  | SOLE |  | 10902310 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 24451403 | 10463 | SH |  | SOLE |  | 9467 | 0 | 996 |
| MERCK  CO INC | COM | 58933Y105 |  | 18421124 | 219482 | SH |  | SOLE |  | 219482 | 0 | 0 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 2124779 | 2075000 | PRN |  | SOLE |  | 75000 | 0 | 2000000 |
| STRATEGY INC | NOTE 2.250% 6/1 | 594972AN1 |  | 258950 | 145000 | PRN |  | SOLE |  | 145000 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.750% 6/0 | 595017BG8 |  | 1628703 | 1676000 | PRN |  | SOLE |  | 176000 | 0 | 1500000 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 48675561 | 1075703 | SH |  | SOLE |  | 1075703 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 20829659 | 2733551 | SH |  | SOLE |  | 2733551 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 32089440 | 425082 | SH |  | SOLE |  | 327121 | 0 | 97961 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4281491 | 56716 | SH |  | SOLE | 2 | 56716 | 0 | 0 |
| NEXTERA ENERGY CAP HLDGS INC | NOTE 3.000% 3/0 | 65339KCY4 |  | 6557388 | 5544000 | PRN |  | SOLE |  | 144000 | 0 | 5400000 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 1578054 | 1570000 | PRN |  | SOLE |  | 70000 | 0 | 1500000 |
| OCULAR THERAPEUTIX INC | COM | 67576A100 |  | 189857 | 16241 | SH |  | SOLE |  | 16241 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE  5/0 | 682189AS4 |  | 3783296 | 3314000 | PRN |  | SOLE |  | 114000 | 0 | 3200000 |
| PG CORP | NOTE 4.250%12/0 | 69331CAL2 |  | 4902493 | 4837000 | PRN |  | SOLE |  | 337000 | 0 | 4500000 |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 |  | 5128425 | 4500000 | PRN |  | SOLE |  | 0 | 0 | 4500000 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 |  | 3776422 | 3313000 | PRN |  | SOLE |  | 113000 | 0 | 3200000 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 11701980 | 924327 | SH |  | SOLE |  | 924327 | 0 | 0 |
| PINNACLE WEST CAP CORP | NOTE 4.750% 6/1 | 723484AK7 |  | 5257021 | 4878000 | PRN |  | SOLE |  | 78000 | 0 | 4800000 |
| PLANET LABS PBC | COM CL A | 72703X106 |  | 549314 | 42320 | SH |  | SOLE |  | 42320 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 1576531 | 1569000 | PRN |  | SOLE |  | 69000 | 0 | 1500000 |
| REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 |  | 884112 | 877000 | PRN |  | SOLE |  | 77000 | 0 | 800000 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 200768 | 1988 | SH |  | SOLE |  | 1988 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 8874781 | 8525000 | PRN |  | SOLE |  | 225000 | 0 | 8300000 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 |  | 226716 | 245000 | PRN |  | SOLE |  | 245000 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 6891997 | 61426 | SH |  | SOLE |  | 61426 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 |  | 7211860 | 7338000 | PRN |  | SOLE |  | 338000 | 0 | 7000000 |
| SHOPIFY INC | NOTE 0.125%11/0 | 82509LAA5 |  | 5085797 | 4830000 | PRN |  | SOLE |  | 130000 | 0 | 4700000 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 16150332 | 14545000 | PRN |  | SOLE |  | 545000 | 0 | 14000000 |
| STANTEC INC | COM | 85472N109 |  | 266654 | 2472 | SH |  | SOLE |  | 2472 | 0 | 0 |
| SUNOPTA INC | COM | 8676EP108 |  | 276375 | 47163 | SH |  | SOLE |  | 47163 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 7494247 | 433444 | SH |  | SOLE |  | 256930 | 0 | 176514 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 7083827 | 99702 | SH |  | SOLE |  | 99702 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 7740640 | 18197 | SH |  | SOLE |  | 18197 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 409005 | 12253 | SH |  | SOLE |  | 12253 | 0 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 1707101 | 1581000 | PRN |  | SOLE |  | 81000 | 0 | 1500000 |
| TRIP COM GROUP LTD | NOTE 0.750% 6/1 | 89677QAB3 |  | 8630814 | 6762000 | PRN |  | SOLE |  | 362000 | 0 | 6400000 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 1190343 | 1085000 | PRN |  | SOLE |  | 85000 | 0 | 1000000 |
| UGI CORP NEW | NOTE 5.000% 6/0 | 902681AB1 |  | 2424611 | 1901000 | PRN |  | SOLE |  | 101000 | 0 | 1800000 |
| UBER TECHNOLOGIES INC | NOTE 12/1 | 90353TAJ9 |  | 5453283 | 4465000 | PRN |  | SOLE |  | 165000 | 0 | 4300000 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 3530232 | 2400000 | PRN |  | SOLE |  | 0 | 0 | 2400000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 261737 | 758 | SH |  | SOLE |  | 758 | 0 | 0 |
| VEON LTD | SPONSORED ADS | 91822M502 |  | 2047548 | 37618 | SH |  | SOLE |  | 37618 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 21192041 | 1951385 | SH |  | SOLE |  | 1951385 | 0 | 0 |
| VENTAS RLTY LTD PARTNERSHIP | NOTE 3.750% 6/0 | 92277GAZ0 |  | 6581781 | 5125000 | PRN |  | SOLE |  | 125000 | 0 | 5000000 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1436374 | 32682 | SH |  | SOLE |  | 32682 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | NOTE 2.250% 9/1 | 928298AR9 |  | 1556250 | 1718000 | PRN |  | SOLE |  | 118000 | 0 | 1600000 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 13722470 | 398909 | SH |  | SOLE |  | 345864 | 0 | 53045 |
| VISTRA CORP | COM | 92840M102 |  | 12276543 | 62661 | SH |  | SOLE |  | 62661 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 6990817 | 35682 | SH |  | SOLE | 2 | 35682 | 0 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAP1 |  | 219529 | 184000 | PRN |  | SOLE |  | 184000 | 0 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAR7 |  | 12878565 | 10500000 | PRN |  | SOLE |  | 0 | 0 | 10500000 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 6654270 | 30133 | SH |  | SOLE |  | 30133 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2396447 | 10852 | SH |  | SOLE | 2 | 10852 | 0 | 0 |
| WORKIVA INC | NOTE 1.250% 8/1 | 98139AAD7 |  | 1380771 | 1399000 | PRN |  | SOLE |  | 99000 | 0 | 1300000 |
| XCEL ENERGY INC | COM | 98389B100 |  | 15906196 | 197225 | SH |  | SOLE |  | 197225 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 800188 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 14557034 | 66310 | SH |  | SOLE |  | 66310 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 1366012 | 75387 | SH |  | SOLE |  | 75387 | 0 | 0 |

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