# EDGAR Filing Document

**Accession Number:** 0001752759
**File Stem:** 0001104659-25-111998
**Filing Date:** 2025-11
**Character Count:** 16120
**Document Hash:** f9a12740f76b2a806c9bcb9af9278706
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-111998.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001104659-25-111998

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DNCA FINANCE
- **CENTRAL INDEX KEY:** 0001752759

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24221
- **FILM NUMBER:** 251481539

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 19 PLACE VENDOME
- **CITY:** PARIS
- **PROVINCE COUNTRY:** I0
- **ZIP:** 75001
- **BUSINESS PHONE:** 158625500

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 19 PLACE VENDOME
- **CITY:** PARIS
- **PROVINCE COUNTRY:** I0
- **ZIP:** 75001

### 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:** DNCA FINANCE<br>**Address:** 19 PLACE VENDOME<br>PARIS, I0 75001

**Form 13F File Number:** 028-24221

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:** Geraldine COURTOIS PREVERT<br>**Title:** Chief Operating Officer<br>**Phone:** 33-1-58-62-55-11

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

Geraldine COURTOIS PREVERT  Paris, I0  11-05-2025<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:** 1

**Form 13F Information Table Entry Total:** 109

**Form 13F Information Table Value Total:** $1460365671

      (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   |
|:---|:---|:---|
|  | Natixis Investment Managers SA | 028-19314              |

### 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 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 91295939 | 176264 | SH |  | DFND | 1 | 176264 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 81488442 | 436748 | SH |  | DFND | 1 | 436748 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 80343335 | 330495 | SH |  | DFND | 1 | 330495 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 79987201 | 108918 | SH |  | DFND | 1 | 108918 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 | BBG000N8GJR8 | 73174732 | 281047 | SH |  | DFND | 1 | 281047 | 0 | 0 |
| CRH PLC | ORD | G25508105 | BBG000BDCN13 | 67725276 | 548185 | SH |  | DFND | 1 | 548185 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 61769980 | 180942 | SH |  | DFND | 1 | 180942 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5S69 | 55094970 | 167000 | SH |  | DFND | 1 | 167000 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 48024105 | 465982 | SH |  | DFND | 1 | 465982 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 47141679 | 214700 | SH |  | DFND | 1 | 214700 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG000CL9VN6 | 43500414 | 36283 | SH |  | DFND | 1 | 36283 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 41886635 | 164500 | SH |  | DFND | 1 | 164500 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG000BQLY10 | 39658215 | 141012 | SH |  | DFND | 1 | 141012 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 | BBG00BS9K4L1 | 34443645 | 71219 | SH |  | DFND | 1 | 69745 | 0 | 1474 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 30886383 | 54300 | SH |  | DFND | 1 | 54300 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG000C6CH10 | 25483200 | 32000 | SH |  | DFND | 1 | 32000 | 0 | 0 |
| QIAGEN NV | COM SHS | N72482206 | BBG000H50QW6 | 24736031 | 558481 | SH |  | DFND | 1 | 558481 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 23713712 | 75179 | SH |  | DFND | 1 | 75179 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG00K6S0L00 | 22573320 | 32340 | SH |  | DFND | 1 | 32340 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG0014GJCT9 | 21695711 | 106550 | SH |  | DFND | 1 | 106550 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG000BH1NH9 | 20567555 | 44980 | SH |  | DFND | 1 | 44980 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8KW8 | 19256977 | 127648 | SH |  | DFND | 1 | 127648 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 18988200 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 18967482 | 193605 | SH |  | DFND | 1 | 193605 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG000DQTXY6 | 17794350 | 105000 | SH |  | DFND | 1 | 105000 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG000BLBVN4 | 17002301 | 3149 | SH |  | DFND | 1 | 3149 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 15547200 | 65600 | SH |  | DFND | 1 | 65600 | 0 | 0 |
| 3M CO | COM | 88579Y101 | BBG000BP52R2 | 15518000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZDM1 | 15194625 | 37500 | SH |  | DFND | 1 | 37500 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | BBG0068J0HN3 | 15044558 | 103250 | SH |  | DFND | 1 | 103250 | 0 | 0 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CC1 | 14250000 | 30000 | SH |  | DFND | 1 | 30000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG000GQPB11 | 13692131 | 5859 | SH |  | DFND | 1 | 5859 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKS03 | 12740072 | 25980 | SH |  | DFND | 1 | 25980 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG000BH4R78 | 11896665 | 103901 | SH |  | DFND | 1 | 103901 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 | BBG005845P91 | 11476983 | 38525 | SH |  | DFND | 1 | 38525 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 10711159 | 23950 | SH |  | DFND | 1 | 23950 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG000BM7HL0 | 10324275 | 32500 | SH |  | DFND | 1 | 32500 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG000BSFRF3 | 10203305 | 20680 | SH |  | DFND | 1 | 20680 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG000BBQCY0 | 10184681 | 62950 | SH |  | DFND | 1 | 62950 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 | BBG006HFPX77 | 8981750 | 12500 | SH |  | DFND | 1 | 12500 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG000M1R011 | 8761066 | 9520 | SH |  | DFND | 1 | 9520 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 | BBG011PCV4J9 | 8458733 | 629370 | SH |  | DFND | 1 | 629370 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 | BBG003NJHZT9 | 8301920 | 58300 | SH |  | DFND | 1 | 58300 | 0 | 0 |
| AEROVIRONMENT INC N | NOTE 7/1 | 008073AA6 | BBG01VVSLGQ7 | 8087154 | 6550000 | PRN |  | DFND | 1 | 6550000 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 7512010 | 11000 | SH |  | DFND | 1 | 11000 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C60FN3 | 7186394 | 42950 | SH |  | DFND | 1 | 42950 | 0 | 0 |
| TOAST INC | CL A | 888787108 | BBG00BTJVK94 | 7143182 | 195650 | SH |  | DFND | 1 | 195650 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 7029729 | 25170 | SH |  | DFND | 1 | 25170 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNJ4 | 6867998 | 30450 | SH |  | DFND | 1 | 30450 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG000F1ZSN5 | 6582708 | 13200 | SH |  | DFND | 1 | 13200 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG000DN7P92 | 5811212 | 15720 | SH |  | DFND | 1 | 15720 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 5718078 | 16210 | SH |  | DFND | 1 | 16210 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG000BNWG87 | 5385822 | 56550 | SH |  | DFND | 1 | 56550 | 0 | 0 |
| NASDAQ INC | COM | 631103108 | BBG000F5VVB6 | 5001848 | 56550 | SH |  | DFND | 1 | 56550 | 0 | 0 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 | BBG0026ZJ304 | 4962206 | 68050 | SH |  | DFND | 1 | 68050 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG000BBPFB9 | 4197170 | 20500 | SH |  | DFND | 1 | 20500 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG000D9D830 | 3956697 | 16045 | SH |  | DFND | 1 | 16045 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG000C0GFS4 | 3690500 | 110000 | SH |  | DFND | 1 | 110000 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 | BBG000BCQ6J8 | 3583631 | 27577 | SH |  | DFND | 1 | 27577 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 | BBG01T61V2V3 | 3447080 | 26000 | SH |  | DFND | 1 | 26000 | 0 | 0 |
| XYLEM INC | COM | 98419M100 | BBG001D8R5D0 | 3414625 | 23150 | SH |  | DFND | 1 | 23150 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 2897136 | 19800 | SH |  | DFND | 1 | 19800 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG000BVDLH9 | 2813116 | 5800 | SH |  | DFND | 1 | 5800 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 | BBG000PXGT62 | 2740725 | 32500 | SH |  | DFND | 1 | 32500 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG000BH3JF8 | 2577380 | 13000 | SH |  | DFND | 1 | 13000 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 | BBG00YRS5632 | 2561684 | 277173 | SH |  | DFND | 1 | 237494 | 0 | 39679 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG000BJSBJ0 | 2442102 | 32350 | SH |  | DFND | 1 | 32350 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00DYNJGH9 | 1962300 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| KLARNA GROUP PLC | SHS | G5279N105 | BBG01MG54LV6 | 1832500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| WABTEC | COM | 929740108 | BBG000BDD940 | 1816258 | 9060 | SH |  | DFND | 1 | 9060 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG000BWVSR1 | 1678308 | 7600 | SH |  | DFND | 1 | 7600 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG000BNBDC2 | 1602300 | 2100 | SH |  | DFND | 1 | 2100 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 | BBG000BFL116 | 1563558 | 7090 | SH |  | DFND | 1 | 7090 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC N | NOTE 3.625%10/1 | 76954AAD5 | BBG01JNQSW94 | 1526015 | 1620000 | PRN |  | DFND | 1 | 1620000 | 0 | 0 |
| SNOWFLAKE INC N | NOTE 10/0 | 833445AD1 | BBG01PZY0Y50 | 1493085 | 950000 | PRN |  | DFND | 1 | 950000 | 0 | 0 |
| UBER TECHNOLOGIES INC N | NOTE 0.875%12/0 | 90353TAM2 | BBG01K8CD1G5 | 1489732 | 1010000 | PRN |  | DFND | 1 | 1010000 | 0 | 0 |
| LUMENTUM HLDGS INC N | NOTE 0.500% 6/1 | 55024UAF6 | BBG015SGY343 | 1327842 | 950000 | PRN |  | DFND | 1 | 950000 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG000BVWLJ6 | 1253430 | 11400 | SH |  | DFND | 1 | 11400 | 0 | 0 |
| ON SEMICONDUCTOR CORP N | NOTE 0.500% 3/0 | 682189AU9 | BBG01FMYDM67 | 1084804 | 1170000 | PRN |  | DFND | 1 | 1170000 | 0 | 0 |
| SPOTIFY USA INC N | NOTE 3/1 | 84921RAB6 | BBG00ZFDC5N7 | 1054921 | 770000 | PRN |  | DFND | 1 | 770000 | 0 | 0 |
| CLOUDFLARE INC N | NOTE 8/1 | 18915MAC1 | BBG012314YD5 | 971121 | 780000 | PRN |  | DFND | 1 | 780000 | 0 | 0 |
| GLOBAL PMTS INC N | NOTE 1.500% 3/0 | 37940XAU6 | BBG01LM394L0 | 918075 | 1000000 | PRN |  | DFND | 1 | 1000000 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 | BBG019Q32XJ9 | 906185 | 8500 | SH |  | DFND | 1 | 8500 | 0 | 0 |
| TRIP COM GROUP LTD N | NOTE 0.750% 6/1 | 89677QAB3 | BBG01N60FK73 | 898861 | 700000 | PRN |  | DFND | 1 | 700000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC N | NOTE 1.000% 8/1 | 40637HAF6 | BBG0196010D6 | 887027 | 630000 | PRN |  | DFND | 1 | 630000 | 0 | 0 |
| PARSONS CORP DEL N | NOTE 2.625% 3/0 | 70202LAD4 | BBG01LNSJZ43 | 856496 | 750000 | PRN |  | DFND | 1 | 750000 | 0 | 0 |
| REPLIGEN CORP N | NOTE 1.000%12/1 | 759916AD1 | BBG01KH10Q78 | 810275 | 800000 | PRN |  | DFND | 1 | 800000 | 0 | 0 |
| MKS INC. N | NOTE 1.250% 6/0 | 55306NAB0 | BBG01MVF4CQ3 | 771107 | 700000 | PRN |  | DFND | 1 | 700000 | 0 | 0 |
| JD.COM INC N | NOTE 0.250% 6/0 | 47215PAJ5 | BBG01N0D01K4 | 699307 | 650000 | PRN |  | DFND | 1 | 650000 | 0 | 0 |
| FORD MTR CO N | NOTE 3/1 | 345370CZ1 | BBG00ZNKGD88 | 659612 | 650000 | PRN |  | DFND | 1 | 650000 | 0 | 0 |
| SHIFT4 PMTS INC N | NOTE 0.500% 8/0 | 82452JAD1 | BBG011WYS0V1 | 630214 | 640000 | PRN |  | DFND | 1 | 640000 | 0 | 0 |
| DROPBOX INC N | NOTE 3/0 | 26210CAC8 | BBG00ZF28315 | 593997 | 600000 | PRN |  | DFND | 1 | 600000 | 0 | 0 |
| SHOPIFY INC N | NOTE 0.125%11/0 | 82509LAA5 | BBG00XDHT691 | 579308 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| BENTLEY SYS INC N | NOTE 0.375% 7/0 | 08265TAD1 | BBG011KG2MY0 | 566308 | 600000 | PRN |  | DFND | 1 | 600000 | 0 | 0 |
| EXPEDIA GROUP INC N | NOTE 2/1 | 30212PBE4 | BBG00Z9C5GC2 | 555878 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| VARONIS SYS INC N | NOTE 1.000% 9/1 | 922280AD4 | BBG01PLZZNM9 | 542186 | 500000 | PRN |  | DFND | 1 | 500000 | 0 | 0 |
| NEXTERA ENERGY CAP HLDGS INC N | NOTE 3.000% 3/0 | 65339KCY4 | BBG01LQWGL54 | 533541 | 450000 | PRN |  | DFND | 1 | 450000 | 0 | 0 |
| HAEMONETICS CORP MASS N | NOTE 2.500% 6/0 | 405024AD2 | BBG01N0QDBL8 | 511979 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| WAYFAIR INC N | NOTE 3.250% 9/1 | 94419LAP6 | BBG019K2VZR1 | 481303 | 320000 | PRN |  | DFND | 1 | 320000 | 0 | 0 |
| EXACT SCIENCES CORP N | NOTE 0.375% 3/0 | 30063PAC9 | BBG00RZB0YW7 | 417484 | 450000 | PRN |  | DFND | 1 | 450000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL N | NOTE 2.250% 8/1 | 531229AQ5 | BBG0194CJ221 | 399061 | 300000 | PRN |  | DFND | 1 | 300000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC N | NOTE 1.125% 2/1 | 00971TAN1 | BBG01HWS4MC8 | 376767 | 400000 | PRN |  | DFND | 1 | 400000 | 0 | 0 |
| WORKIVA INC N | NOTE 1.250% 8/1 | 98139AAD7 | BBG01HWMCL52 | 346084 | 350000 | PRN |  | DFND | 1 | 350000 | 0 | 0 |
| H WORLD GROUP LTD N | NOTE 3.000% 5/0 | 44332NAB2 | BBG00TR60PJ7 | 337397 | 300000 | PRN |  | DFND | 1 | 300000 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG000NWKS18 | 327936 | 9600 | SH |  | DFND | 1 | 9600 | 0 | 0 |
| DEXCOM INC N | NOTE 0.375% 5/1 | 252131AM9 | BBG01GHVC2V4 | 319699 | 350000 | PRN |  | DFND | 1 | 350000 | 0 | 0 |
| DROPBOX INC N | NOTE 3/0 | 26210CAD6 | BBG00ZF28WL9 | 258250 | 250000 | PRN |  | DFND | 1 | 250000 | 0 | 0 |
| FLUOR CORP N | NOTE 1.125% 8/1 | 343412AJ1 | BBG01HT5QR64 | 237413 | 200000 | PRN |  | DFND | 1 | 200000 | 0 | 0 |
| NIO INC N | NOTE 4.625%10/1 | 62914VAK2 | BBG01JG05PL5 | 190647 | 180000 | PRN |  | DFND | 1 | 180000 | 0 | 0 |

---