# EDGAR Filing Document

**Accession Number:** 0001533497
**File Stem:** 0000950123-23-001207
**Filing Date:** 2023-2
**Character Count:** 18010
**Document Hash:** 7ca94cb845ac4499eea5b96e84c0b5e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-23-001207.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0000950123-23-001207

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liberty Mutual Group Asset Management Inc.
- **CENTRAL INDEX KEY:** 0001533497
- **IRS NUMBER:** 452105640
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14589
- **FILM NUMBER:** 23602568

**BUSINESS ADDRESS:**
- **STREET 1:** 175 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-357-9500

**MAIL ADDRESS:**
- **STREET 1:** 175 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Liberty Mutual Group Asset Management Inc.<br>**Address:** 175 Berkeley Street<br>Boston, MA 02116

**Form 13F File Number:** 028-14589

**SEC File Number (if applicable):** 028-14589

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:** Scott D. Fitzhenry<br>**Title:** Chief Compliance Officer Investments<br>**Phone:** 617-357-9500

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

/s/ Scott D. Fitzhenry  Boston, MA  02-08-2023<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:** 121

**Form 13F Information Table Value Total:** $371833

      (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   |
|:---|:---|:---|
|  | Liberty Mutual Fire Insurance Co            | 028-14033              |
|  | Liberty Mutual Retirement Plan Master Trust | 028-00169              |

### 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 |
| ACROPOLIS INFRASTRUCTURE ACQ | CL A | 005029103 |  | 4975 | 500000 | SH |  | DFND |  | 500000 | 0 | 0 |
| ACROPOLIS INFRASTRUCTURE ACQ | *W EXP 03/30/202 | 005029111 |  | 20 | 166666 | SH |  | DFND |  | 166666 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 2673 | 37684 | SH |  | DFND | 7 | 37684 | 0 | 0 |
| AIRBNB INC | NOTE 3/1 | 009066AB7 |  | 3704 | 4500000 | SH |  | DFND | 2 | 4500000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 1/1 | 011642AB1 |  | 670 | 825000 | SH |  | DFND | 2 | 825000 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 3005 | 20628 | SH |  | DFND | 7 | 20628 | 0 | 0 |
| ALTUS POWER INC | COM CL A | 02217A102 |  | 19560 | 3000000 | SH |  | DFND |  | 3000000 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 12050 | 56876 | SH |  | DFND | 7 | 56876 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 194 | 6268 | SH |  | DFND | 7 | 6268 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 583 | 18805 | SH |  | DFND |  | 18805 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 5158 | 31934 | SH |  | DFND | 7 | 31934 | 0 | 0 |
| BANDWIDTH INC | NOTE 0.250% 3/0 | 05988JAB9 |  | 262 | 350000 | SH |  | DFND | 2 | 350000 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.125% 1/1 | 08265TAB5 |  | 2645 | 2900000 | SH |  | DFND | 2 | 2900000 | 0 | 0 |
| BILL COM HLDGS INC | NOTE 12/0 | 090043AB6 |  | 588 | 575000 | SH |  | DFND | 2 | 575000 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 |  | 887 | 825000 | SH |  | DFND | 2 | 825000 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 12510 | 1180169 | SH |  | DFND |  | 1180169 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 3127 | 295042 | SH |  | DFND | 2 | 295042 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 3127 | 295042 | SH |  | DFND |  | 295042 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 3127 | 295042 | SH |  | DFND |  | 295042 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 2502 | 236034 | SH |  | DFND |  | 236034 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 6880 | 649092 | SH |  | DFND |  | 649092 | 0 | 0 |
| BOOKING HOLDINGS INC | NOTE 0.750% 5/0 | 09857LAN8 |  | 3130 | 2350000 | SH |  | DFND | 2 | 2350000 | 0 | 0 |
| BOSTON PROPERTIES INC | COM | 101121101 |  | 2310 | 34179 | SH |  | DFND | 7 | 34179 | 0 | 0 |
| CABLE ONE INC | NOTE 3/1 | 12685JAE5 |  | 1866 | 2375000 | SH |  | DFND | 2 | 2375000 | 0 | 0 |
| CARNIVAL CORP | NOTE 5.750% 4/0 | 143658BE1 |  | 3003 | 2994000 | SH |  | DFND |  | 2994000 | 0 | 0 |
| CARNIVAL CORP | NOTE 5.750% 4/0 | 143658BE1 |  | 1577 | 1572000 | SH |  | DFND |  | 1572000 | 0 | 0 |
| CARNIVAL CORP | NOTE 5.750% 4/0 | 143658BE1 |  | 1354 | 1350000 | SH |  | DFND |  | 1350000 | 0 | 0 |
| CARNIVAL CORP | NOTE 5.750% 4/0 | 143658BE1 |  | 867 | 864000 | SH |  | DFND |  | 864000 | 0 | 0 |
| CERIDIAN HCM HLDG INC | NOTE 0.250% 3/1 | 15677JAD0 |  | 2542 | 2900000 | SH |  | DFND | 2 | 2900000 | 0 | 0 |
| COMMUNITY HEALTHCARE TR INC | COM | 20369C106 |  | 741 | 20710 | SH |  | DFND | 7 | 20710 | 0 | 0 |
| CONCORD ACQUISITION CORP II | COM CL A | 20607U108 |  | 1492 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| CONCORD ACQUISITION CORP II | *W EXP 99/99/999 | 20607U116 |  | 6 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| CONCORD ACQUISITION CORP III | COM CL A | 20607V106 |  | 2548 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| CONCORD ACQUISITION CORP III | *W EXP 99/99/999 | 20607V114 |  | 9 | 125000 | SH |  | DFND |  | 125000 | 0 | 0 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 1511 | 59763 | SH |  | DFND | 7 | 59763 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | NOTE 0.625% 6/1 | 22410JAB2 |  | 662 | 775000 | SH |  | DFND | 2 | 775000 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 4339 | 31992 | SH |  | DFND | 7 | 31992 | 0 | 0 |
| CYBERARK SOFTWARE LTD | NOTE 11/1 | 23248VAB1 |  | 1534 | 1450000 | SH |  | DFND | 2 | 1450000 | 0 | 0 |
| DEXCOM INC | NOTE 0.250%11/1 | 252131AK3 |  | 4432 | 4075000 | SH |  | DFND | 2 | 4075000 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 1368 | 13639 | SH |  | DFND | 7 | 13639 | 0 | 0 |
| DIGITALOCEAN HLDGS INC | NOTE 12/0 | 25402DAB8 |  | 318 | 425000 | SH |  | DFND | 2 | 425000 | 0 | 0 |
| DISH NETWORK CORPORATION | NOTE 3.375% 8/1 | 25470MAB5 |  | 564 | 900000 | SH |  | DFND | 2 | 900000 | 0 | 0 |
| DRAFTKINGS INC NEW | NOTE 3/1 | 26142RAB0 |  | 265 | 428000 | SH |  | DFND | 2 | 428000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAD6 |  | 1203 | 1350000 | SH |  | DFND | 2 | 1350000 | 0 | 0 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 2832 | 75088 | SH |  | DFND | 7 | 75088 | 0 | 0 |
| ENPHASE ENERGY INC | NOTE 3/0 | 29355AAK3 |  | 1959 | 1675000 | SH |  | DFND | 2 | 1675000 | 0 | 0 |
| ENVESTNET INC | NOTE 0.750% 8/1 | 29404KAE6 |  | 2708 | 3000000 | SH |  | DFND | 2 | 3000000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 7266 | 11093 | SH |  | DFND | 7 | 11093 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 3228 | 54710 | SH |  | DFND | 7 | 54710 | 0 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 352 | 228000 | SH |  | DFND | 2 | 228000 | 0 | 0 |
| ETSY INC | NOTE 0.250% 6/1 | 29786AAN6 |  | 3074 | 3600000 | SH |  | DFND | 2 | 3600000 | 0 | 0 |
| EURONET WORLDWIDE INC | NOTE 0.750% 3/1 | 298736AL3 |  | 2671 | 2825000 | SH |  | DFND | 2 | 2825000 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 1155 | 1400000 | SH |  | DFND | 2 | 1400000 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 3194 | 21700 | SH |  | DFND | 7 | 21700 | 0 | 0 |
| FTI CONSULTING INC | NOTE 2.000% 8/1 | 302941AP4 |  | 393 | 250000 | SH |  | DFND | 2 | 250000 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 1294 | 12806 | SH |  | DFND | 7 | 12806 | 0 | 0 |
| FORD MTR CO DEL | NOTE 3/1 | 345370CZ1 |  | 4462 | 4729000 | SH |  | DFND | 2 | 4729000 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | NOTE 1.250% 3/1 | 40171VAA8 |  | 301 | 325000 | SH |  | DFND | 2 | 325000 | 0 | 0 |
| HANNON ARMSTRONG SUST INFR C | NOTE 8/1 | 41068XAD2 |  | 284 | 300000 | SH |  | DFND | 2 | 300000 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 2135 | 85151 | SH |  | DFND | 7 | 85151 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 2378 | 148174 | SH |  | DFND | 7 | 148174 | 0 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 425 | 43633 | SH |  | DFND | 7 | 43633 | 0 | 0 |
| ILLUMINA INC | NOTE 8/1 | 452327AK5 |  | 628 | 650000 | SH |  | DFND | 2 | 650000 | 0 | 0 |
| INSULET CORP | NOTE 0.375% 9/0 | 45784PAK7 |  | 2608 | 1847000 | SH |  | DFND | 2 | 1847000 | 0 | 0 |
| INTEGRA LIFESCIENCES HLDGS C | NOTE 0.500% 8/1 | 457985AM1 |  | 2715 | 2800000 | SH |  | DFND | 2 | 2800000 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 3638 | 122730 | SH |  | DFND | 7 | 122730 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 17543 | 238254 | SH |  | DFND |  | 238254 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 4600 | 3870000 | SH |  | DFND | 2 | 3870000 | 0 | 0 |
| JETBLUE AIRWAYS CORP | NOTE 0.500% 4/0 | 477143AP6 |  | 2297 | 3150000 | SH |  | DFND | 2 | 3150000 | 0 | 0 |
| JOHN BEAN TECHNOLOGIES CORP | NOTE 0.250% 5/1 | 477839AB0 |  | 279 | 325000 | SH |  | DFND | 2 | 325000 | 0 | 0 |
| KORE GROUP HLDGS INC | COMMON STOCK | 50066V107 |  | 2013 | 1598000 | SH |  | DFND |  | 1598000 | 0 | 0 |
| LCI INDS | NOTE 1.125% 5/1 | 501812AB7 |  | 864 | 1025000 | SH |  | DFND | 2 | 1025000 | 0 | 0 |
| LIVONGO HEALTH INC | NOTE 0.875% 6/0 | 539183AA1 |  | 546 | 625000 | SH |  | DFND | 2 | 625000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 1855 | 2163000 | SH |  | DFND | 2 | 2163000 | 0 | 0 |
| MAXEON SOLAR TECHNOLOGIES LT | NOTE 6.500% 7/1 | 57779BAB0 |  | 300 | 275000 | SH |  | DFND | 2 | 275000 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.125%11/1 | 595017AU8 |  | 644 | 600000 | SH |  | DFND | 2 | 600000 | 0 | 0 |
| MIDDLEBY CORP | NOTE 1.000% 9/0 | 596278AB7 |  | 2357 | 2005000 | SH |  | DFND | 2 | 2005000 | 0 | 0 |
| MONGODB INC | NOTE 0.250% 1/1 | 60937PAD8 |  | 616 | 525000 | SH |  | DFND | 2 | 525000 | 0 | 0 |
| NUVASIVE INC | NOTE 0.375% 3/1 | 670704AJ4 |  | 350 | 400000 | SH |  | DFND | 2 | 400000 | 0 | 0 |
| OKTA INC | NOTE 0.125% 9/0 | 679295AD7 |  | 580 | 660000 | SH |  | DFND | 2 | 660000 | 0 | 0 |
| OKTA INC | NOTE 0.375% 6/1 | 679295AF2 |  | 1512 | 1800000 | SH |  | DFND | 2 | 1800000 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 1208 | 43217 | SH |  | DFND | 7 | 43217 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 2418 | 1825000 | SH |  | DFND | 2 | 1825000 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 12 | 10428 | SH |  | DFND | 7 | 10428 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 36 | 31283 | SH |  | DFND |  | 31283 | 0 | 0 |
| OUTFRONT MEDIA INC | COM | 69007J106 |  | 3207 | 193446 | SH |  | DFND | 7 | 193446 | 0 | 0 |
| PALO ALTO NETWORKS INC | NOTE 0.375% 6/0 | 697435AF2 |  | 295 | 200000 | SH |  | DFND | 2 | 200000 | 0 | 0 |
| PEBBLEBROOK HOTEL TR | NOTE 1.750%12/1 | 70509VAA8 |  | 2755 | 3350000 | SH |  | DFND | 2 | 3350000 | 0 | 0 |
| PEGASYSTEMS INC | NOTE 0.750% 3/0 | 705573AB9 |  | 1628 | 1900000 | SH |  | DFND | 2 | 1900000 | 0 | 0 |
| PHYSICIANS RLTY TR | COM | 71943U104 |  | 2003 | 138408 | SH |  | DFND | 7 | 138408 | 0 | 0 |
| PIONEER NAT RES CO | NOTE 0.250% 5/1 | 723787AP2 |  | 466 | 200000 | SH |  | DFND | 2 | 200000 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 2177 | 49494 | SH |  | DFND | 7 | 49494 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 9852 | 87393 | SH |  | DFND | 7 | 87393 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 5917 | 21118 | SH |  | DFND | 7 | 21118 | 0 | 0 |
| PURE STORAGE INC | NOTE 0.125% 4/1 | 74624MAB8 |  | 619 | 575000 | SH |  | DFND | 2 | 575000 | 0 | 0 |
| RAPID7 INC | NOTE 0.250% 3/1 | 753422AF1 |  | 1913 | 2450000 | SH |  | DFND | 2 | 2450000 | 0 | 0 |
| REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 |  | 811 | 1775000 | SH |  | DFND | 2 | 1775000 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 1615 | 25843 | SH |  | DFND | 7 | 25843 | 0 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 4787 | 87617 | SH |  | DFND | 7 | 87617 | 0 | 0 |
| RINGCENTRAL INC | NOTE 3/0 | 76680RAF4 |  | 1052 | 1225000 | SH |  | DFND | 2 | 1225000 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | NOTE 2.875%11/1 | 780153BF8 |  | 1260 | 1287000 | SH |  | DFND |  | 1287000 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | NOTE 2.875%11/1 | 780153BF8 |  | 294 | 300000 | SH |  | DFND | 7 | 300000 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | NOTE 2.875%11/1 | 780153BF8 |  | 1163 | 1188000 | SH |  | DFND |  | 1188000 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 1452 | 17752 | SH |  | DFND | 7 | 17752 | 0 | 0 |
| SL GREEN RLTY CORP | COM | 78440X887 |  | 1353 | 40130 | SH |  | DFND | 7 | 40130 | 0 | 0 |
| SEA LTD | NOTE 2.375%12/0 | 81141RAF7 |  | 757 | 775000 | SH |  | DFND | 2 | 775000 | 0 | 0 |
| SEA LTD | NOTE 0.250% 9/1 | 81141RAG5 |  | 1230 | 1679000 | SH |  | DFND | 2 | 1679000 | 0 | 0 |
| SHAKE SHACK INC | NOTE 3/0 | 819047AB7 |  | 296 | 450000 | SH |  | DFND | 2 | 450000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 12/1 | 82452JAB5 |  | 2155 | 2175000 | SH |  | DFND | 2 | 2175000 | 0 | 0 |
| SHOPIFY INC | NOTE 0.125%11/0 | 82509LAA5 |  | 640 | 750000 | SH |  | DFND | 2 | 750000 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 4127 | 35130 | SH |  | DFND | 7 | 35130 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | NOTE 9/1 | 83417MAD6 |  | 1701 | 1370000 | SH |  | DFND | 2 | 1370000 | 0 | 0 |
| SOUTHWEST AIRLS CO | NOTE 1.250% 5/0 | 844741BG2 |  | 3321 | 2765000 | SH |  | DFND | 2 | 2765000 | 0 | 0 |
| SPIRIT RLTY CAP INC NEW | COM NEW | 84860W300 |  | 2099 | 52579 | SH |  | DFND | 7 | 52579 | 0 | 0 |
| SPLUNK INC | NOTE 1.125% 6/1 | 848637AF1 |  | 3396 | 4025000 | SH |  | DFND | 2 | 4025000 | 0 | 0 |
| SPOTIFY USA INC | NOTE 3/1 | 84921RAB6 |  | 664 | 825000 | SH |  | DFND | 2 | 825000 | 0 | 0 |
| BLOCK INC | NOTE 0.125% 3/0 | 852234AF0 |  | 3577 | 3760000 | SH |  | DFND | 2 | 3760000 | 0 | 0 |
| STAG INDL INC | COM | 85254J102 |  | 1528 | 47286 | SH |  | DFND | 7 | 47286 | 0 | 0 |
| SUMMIT MIDSTREAM PARTNERS LP | COM UNIT LTD | 866142409 |  | 850 | 50940 | SH |  | DFND |  | 50940 | 0 | 0 |
| SUMMIT MIDSTREAM PARTNERS LP | COM UNIT LTD | 866142409 |  | 565 | 33900 | SH |  | DFND |  | 33900 | 0 | 0 |
| SUMMIT MIDSTREAM PARTNERS LP | COM UNIT LTD | 866142409 |  | 345 | 20700 | SH |  | DFND |  | 20700 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 4490 | 31400 | SH |  | DFND | 7 | 31400 | 0 | 0 |
| TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 |  | 269 | 350000 | SH |  | DFND | 2 | 350000 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 3141 | 81108 | SH |  | DFND | 7 | 81108 | 0 | 0 |
| UBER TECHNOLOGIES INC | NOTE 12/1 | 90353TAJ9 |  | 3158 | 3750000 | SH |  | DFND | 2 | 3750000 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 59 | 4640 | SH |  | DFND | 7 | 4640 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 236 | 18558 | SH |  | DFND |  | 18558 | 0 | 0 |
| VMG CONSUMER ACQUISITION COR | CLASS A COM | 91842V102 |  | 5075 | 500000 | SH |  | DFND |  | 500000 | 0 | 0 |
| VMG CONSUMER ACQUISITION COR | *W EXP 11/03/202 | 91842V110 |  | 10 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 51784 | 668091 | SH |  | DFND | 7 | 668091 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 3329 | 73897 | SH |  | DFND | 7 | 73897 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 5944 | 183472 | SH |  | DFND | 7 | 183472 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 1260 | 19223 | SH |  | DFND | 7 | 19223 | 0 | 0 |
| WESTERN DIGITAL CORP. | NOTE 1.500% 2/0 | 958102AP0 |  | 714 | 750000 | SH |  | DFND | 2 | 750000 | 0 | 0 |
| ZILLOW GROUP INC | NOTE 1.375% 9/0 | 98954MAG6 |  | 2292 | 2275000 | SH |  | DFND | 2 | 2275000 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1030 | 253177 | SH |  | DFND | 7 | 253177 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1555 | 382122 | SH |  | DFND |  | 382122 | 0 | 0 |

---