# EDGAR Filing Document

**Accession Number:** 0001520478
**File Stem:** 0001398344-23-001627
**Filing Date:** 2023-1
**Character Count:** 17639
**Document Hash:** 6180b4b0fc04a1e7e4ddebe27821a701
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-001627.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001398344-23-001627

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RWC Asset Management LLP
- **CENTRAL INDEX KEY:** 0001520478
- **IRS NUMBER:** 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:** 23573518

**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:** 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:** 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  01-25-2023<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:** 1

**Form 13F Information Table Entry Total:** 129

**Form 13F Information Table Value Total:** $3185271632

      (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              |

### 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 |
| 360 DIGITECH INC | AMERICAN DEP | 88557W101 |  | 509000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| AIRBNB INC | NOTE     3/1 | 009066AB7 |  | 11614820 | 14000000 | PRN |  | SOLE |  | 0 | 0 | 14000000 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 27224960 | 28000000 | PRN |  | SOLE |  | 0 | 0 | 28000000 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 44389697 | 1033761 | SH |  | SOLE |  | 692419 | 0 | 341342 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 30058951 | 341230 | SH |  | SOLE |  | 341230 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 71693664 | 853496 | SH |  | SOLE |  | 579156 | 0 | 274340 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 16816517 | 6182543 | SH |  | SOLE |  | 5037275 | 0 | 1145268 |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 |  | 4752022 | 4500000 | PRN |  | SOLE |  | 0 | 0 | 4500000 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 69390153 | 1097251 | SH |  | SOLE |  | 733395 | 0 | 363856 |
| ARES CAPITAL CORP | NOTE 4.625% 3/0 | 04010LAW3 |  | 10615600 | 10000000 | PRN |  | SOLE |  | 0 | 0 | 10000000 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 44041101 | 1491402 | SH |  | SOLE |  | 990029 | 0 | 501373 |
| BANCO SANTANDER CHILE NEW | SP ADR REP COM | 05965X109 |  | 1208006 | 76263 | SH |  | SOLE |  | 76263 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 59203490 | 1787545 | SH |  | SOLE |  | 1200351 | 0 | 587194 |
| BARRICK GOLD CORP | COM | 067901108 |  | 77600514 | 4516910 | SH |  | SOLE |  | 4516910 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.125% 1/1 | 08265TAB5 |  | 7767172 | 8500000 | PRN |  | SOLE |  | 0 | 0 | 8500000 |
| BILIBILI INC | NOTE 1.375% 4/0 | 090040AB2 |  | 1430100 | 1200000 | PRN |  | SOLE |  | 0 | 0 | 1200000 |
| BILIBILI INC | NOTE 1.250% 6/1 | 090040AD8 |  | 800100 | 800000 | PRN |  | SOLE |  | 0 | 0 | 800000 |
| BILIBILI INC | NOTE 0.500%12/0 | 090040AF3 |  | 447000 | 600000 | PRN |  | SOLE |  | 0 | 0 | 600000 |
| BILL COM HLDGS INC | NOTE    12/0 | 090043AB6 |  | 5341492 | 5200000 | PRN |  | SOLE |  | 0 | 0 | 5200000 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 0.599% 8/0 | 09061GAH4 |  | 9569790 | 9000000 | PRN |  | SOLE |  | 0 | 0 | 9000000 |
| BLOCK INC | NOTE 0.125% 3/0 | 852234AF0 |  | 10498400 | 11000000 | PRN |  | SOLE |  | 0 | 0 | 11000000 |
| BOOKING HOLDINGS INC | NOTE 0.750% 5/0 | 09857LAN8 |  | 12048030 | 9000000 | PRN |  | SOLE |  | 0 | 0 | 9000000 |
| BOX INC | NOTE     1/1 | 10316TAB0 |  | 394809 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 16298347 | 718939 | SH |  | SOLE |  | 586016 | 0 | 132923 |
| CARNIVAL CORP | NOTE 5.750%10/0 | 143658BT8 |  | 3879278 | 3500000 | PRN |  | SOLE |  | 0 | 0 | 3500000 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 17707471 | 4372215 | SH |  | SOLE |  | 4372215 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 64225201 | 189399 | SH |  | SOLE |  | 125560 | 0 | 63839 |
| CISCO SYS INC | COM | 17275R102 |  | 65602757 | 1377052 | SH |  | SOLE |  | 1123529 | 0 | 253523 |
| CITIGROUP INC | COM NEW | 172967424 |  | 61137617 | 1351705 | SH |  | SOLE |  | 1105402 | 0 | 246303 |
| CMS ENERGY CORP | COM | 125896100 |  | 20637030 | 325865 | SH |  | SOLE |  | 266186 | 0 | 59679 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 6142044 | 703556 | SH |  | SOLE |  | 275438 | 0 | 428118 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 27383152 | 59985 | SH |  | SOLE |  | 40707 | 0 | 19278 |
| CSX CORP | COM | 126408103 |  | 99433780 | 3209612 | SH |  | SOLE |  | 2137695 | 0 | 1071917 |
| CYBERARK SOFTWARE LTD | NOTE    11/1 | 23248VAB1 |  | 6903650 | 6500000 | PRN |  | SOLE |  | 0 | 0 | 6500000 |
| DATADOG INC | NOTE 0.125% 6/1 | 23804LAB9 |  | 2843152 | 2600000 | PRN |  | SOLE |  | 0 | 0 | 2600000 |
| DEXCOM INC | NOTE 0.250%11/1 | 252131AK3 |  | 6543960 | 6000000 | PRN |  | SOLE |  | 0 | 0 | 6000000 |
| DISH NETWORK CORPORATION | NOTE    12/1 | 25470MAF6 |  | 4024818 | 6300000 | PRN |  | SOLE |  | 0 | 0 | 6300000 |
| DROPBOX INC | NOTE     3/0 | 26210CAC8 |  | 7277440 | 8000000 | PRN |  | SOLE |  | 0 | 0 | 8000000 |
| EAGLE MATLS INC | COM | 26969P108 |  | 38582961 | 290425 | SH |  | SOLE |  | 197305 | 0 | 93120 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 146987450 | 286542 | SH |  | SOLE |  | 191054 | 0 | 95488 |
| EMERSON ELEC CO | COM | 291011104 |  | 19572801 | 203756 | SH |  | SOLE |  | 166067 | 0 | 37689 |
| ENPHASE ENERGY INC | NOTE     3/0 | 29355AAH0 |  | 8133516 | 7200000 | PRN |  | SOLE |  | 0 | 0 | 7200000 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 2937656 | 1900000 | PRN |  | SOLE |  | 0 | 0 | 1900000 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 20363311 | 242883 | SH |  | SOLE |  | 198581 | 0 | 44302 |
| EXELON CORP | COM | 30161N101 |  | 19857657 | 459349 | SH |  | SOLE |  | 374607 | 0 | 84742 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 34689639 | 333811 | SH |  | SOLE |  | 225813 | 0 | 107998 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 15320291 | 151626 | SH |  | SOLE |  | 123783 | 0 | 27843 |
| FIVE9 INC | NOTE 0.500% 6/0 | 338307AD3 |  | 4235818 | 4600000 | PRN |  | SOLE |  | 0 | 0 | 4600000 |
| FORD MTR CO DEL | NOTE     3/1 | 345370CZ1 |  | 11842375 | 12500000 | PRN |  | SOLE |  | 0 | 0 | 12500000 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 33501560 | 4187695 | SH |  | SOLE |  | 4187695 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 67757420 | 201575 | SH |  | SOLE |  | 135472 | 0 | 66103 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 39352998 | 3802222 | SH |  | SOLE |  | 3802222 | 0 | 0 |
| GRAN TIERRA ENERGY INC | COM | 38500T101 |  | 1665673 | 1671780 | SH |  | SOLE |  | 1671780 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 1072694 | 110246 | SH |  | SOLE |  | 110246 | 0 | 0 |
| HANNON ARMSTRONG SUST INFR C | NOTE     8/1 | 41068XAD2 |  | 190020 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| HP INC | COM | 40434L105 |  | 124280817 | 4625263 | SH |  | SOLE |  | 4625263 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 89170614 | 6324157 | SH |  | SOLE |  | 4233954 | 0 | 2090203 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 21661744 | 1202762 | SH |  | SOLE |  | 981905 | 0 | 220857 |
| INSMED INC | NOTE 0.750% 6/0 | 457669AB5 |  | 2243092 | 2700000 | PRN |  | SOLE |  | 0 | 0 | 2700000 |
| INTEGRA LIFESCIENCES HLDGS C | NOTE 0.500% 8/1 | 457985AM1 |  | 4867075 | 5000000 | PRN |  | SOLE |  | 0 | 0 | 5000000 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 44811876 | 1345298 | SH |  | SOLE |  | 909504 | 0 | 435794 |
| IONIS PHARMACEUTICALS INC | NOTE     4/0 | 462222AD2 |  | 3350088 | 3600000 | PRN |  | SOLE |  | 0 | 0 | 3600000 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 7167720 | 6000000 | PRN |  | SOLE |  | 0 | 0 | 6000000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 29325843 | 166011 | SH |  | SOLE |  | 135391 | 0 | 30620 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 1501493 | 73711 | SH |  | SOLE |  | 73711 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 15380337 | 2418292 | SH |  | SOLE |  | 2418292 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 88209956 | 1978689 | SH |  | SOLE |  | 1324835 | 0 | 653854 |
| LAM RESEARCH CORP | COM | 512807108 |  | 42997951 | 102303 | SH |  | SOLE |  | 69994 | 0 | 32309 |
| LAZARD LTD | SHS A | G54050102 |  | 37994992 | 1095904 | SH |  | SOLE |  | 716413 | 0 | 379491 |
| LENNAR CORP | CL A | 526057104 |  | 55062191 | 608422 | SH |  | SOLE |  | 413693 | 0 | 194729 |
| LENNAR CORP | CL B | 526057302 |  | 8441466 | 112884 | SH |  | SOLE |  | 62682 | 0 | 50202 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 7958122 | 390104 | SH |  | SOLE |  | 390104 | 0 | 0 |
| LI AUTO INC | NOTE 0.250% 5/0 | 50202MAB8 |  | 4640135 | 4600000 | PRN |  | SOLE |  | 0 | 0 | 4600000 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 |  | 17446469 | 897914 | SH |  | SOLE |  | 602960 | 0 | 294954 |
| LIBERTY MEDIA CORP DEL | NOTE 1.375%10/1 | 531229AB8 |  | 6083570 | 4900000 | PRN |  | SOLE |  | 0 | 0 | 4900000 |
| LITHIUM AMERS CORP NEW | COM NEW | 53680Q207 |  | 615572 | 32492 | SH |  | SOLE |  | 32492 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 20654338 | 296162 | SH |  | SOLE |  | 199355 | 0 | 96807 |
| LIVENT CORP | COM | 53814L108 |  | 438730 | 22080 | SH |  | SOLE |  | 22080 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 5617170 | 6500000 | PRN |  | SOLE |  | 0 | 0 | 6500000 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE     1/1 | 57164YAD9 |  | 2443612 | 2500000 | PRN |  | SOLE |  | 0 | 0 | 2500000 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 33902067 | 40062 | SH |  | SOLE |  | 40062 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 25212722 | 227244 | SH |  | SOLE |  | 185485 | 0 | 41759 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.125%11/1 | 595017AU8 |  | 7511980 | 7000000 | PRN |  | SOLE |  | 0 | 0 | 7000000 |
| MICROSOFT CORP | COM | 594918104 |  | 109925094 | 458365 | SH |  | SOLE |  | 306754 | 0 | 151611 |
| MONGODB INC | NOTE 0.250% 1/1 | 60937PAD8 |  | 4461048 | 3800000 | PRN |  | SOLE |  | 0 | 0 | 3800000 |
| NEWMONT CORP | COM | 651639106 |  | 94716806 | 2006712 | SH |  | SOLE |  | 2006712 | 0 | 0 |
| NICE LTD | NOTE     9/1 | 653656AB4 |  | 3020736 | 3200000 | PRN |  | SOLE |  | 0 | 0 | 3200000 |
| NRG ENERGY INC | DBCV 2.750% 6/0 | 629377CG5 |  | 3976100 | 4000000 | PRN |  | SOLE |  | 0 | 0 | 4000000 |
| OMNICELL COM | NOTE 0.250% 9/1 | 68213NAD1 |  | 2621655 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 3000000 |
| OMNICOM GROUP INC | COM | 681919106 |  | 30770488 | 377228 | SH |  | SOLE |  | 307778 | 0 | 69450 |
| ON SEMICONDUCTOR CORP | NOTE     5/0 | 682189AS4 |  | 863187 | 650000 | PRN |  | SOLE |  | 0 | 0 | 650000 |
| PACCAR INC | COM | 693718108 |  | 67061874 | 677598 | SH |  | SOLE |  | 452996 | 0 | 224602 |
| PALO ALTO NETWORKS INC | NOTE 0.750% 7/0 | 697435AD7 |  | 474474 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| PAYCHEX INC | COM | 704326107 |  | 21524437 | 186262 | SH |  | SOLE |  | 152189 | 0 | 34073 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 34189944 | 480061 | SH |  | SOLE |  | 323404 | 0 | 156657 |
| PEPSICO INC | COM | 713448108 |  | 32492785 | 179856 | SH |  | SOLE |  | 146806 | 0 | 33050 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 22600395 | 223302 | SH |  | SOLE |  | 182377 | 0 | 40925 |
| PINDUODUO INC | SPONSORED ADS | 722304102 |  | 86488831 | 1060562 | SH |  | SOLE |  | 1060562 | 0 | 0 |
| PINDUODUO INC | NOTE    12/0 | 722304AC6 |  | 1027834 | 1100000 | PRN |  | SOLE |  | 0 | 0 | 1100000 |
| PINTEREST INC | CL A | 72352L106 |  | 25929559 | 1067939 | SH |  | SOLE |  | 714316 | 0 | 353623 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 20068666 | 132414 | SH |  | SOLE |  | 108282 | 0 | 24132 |
| PROGRESSIVE CORP | COM | 743315103 |  | 36458498 | 281077 | SH |  | SOLE |  | 229400 | 0 | 51677 |
| PURE STORAGE INC | NOTE 0.125% 4/1 | 74624MAB8 |  | 4219156 | 3900000 | PRN |  | SOLE |  | 0 | 0 | 3900000 |
| QUALCOMM INC | COM | 747525103 |  | 48528286 | 441407 | SH |  | SOLE |  | 360007 | 0 | 81400 |
| SAREPTA THERAPEUTICS INC | DBCV 1.500%11/1 | 803607AB6 |  | 3774152 | 2050000 | PRN |  | SOLE |  | 0 | 0 | 2050000 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 125531269 | 1507702 | SH |  | SOLE |  | 1001072 | 0 | 506630 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 |  | 11008502 | 226559 | SH |  | SOLE |  | 151430 | 0 | 75129 |
| SEA LTD | NOTE 2.375%12/0 | 81141RAF7 |  | 6508062 | 6600000 | PRN |  | SOLE |  | 0 | 0 | 6600000 |
| SHIFT4 PMTS INC | NOTE    12/1 | 82452JAB5 |  | 6764130 | 6800000 | PRN |  | SOLE |  | 0 | 0 | 6800000 |
| SILICON LABORATORIES INC | NOTE 0.625% 6/1 | 826919AD4 |  | 3389148 | 2700000 | PRN |  | SOLE |  | 0 | 0 | 2700000 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 6101453 | 76421 | SH |  | SOLE |  | 76421 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | NOTE     9/1 | 83417MAD6 |  | 5355564 | 4300000 | PRN |  | SOLE |  | 0 | 0 | 4300000 |
| SOUTHWEST AIRLS CO | NOTE 1.250% 5/0 | 844741BG2 |  | 21498039 | 17800000 | PRN |  | SOLE |  | 0 | 0 | 17800000 |
| SPLUNK INC | NOTE 1.125% 9/1 | 848637AD6 |  | 8614106 | 9100000 | PRN |  | SOLE |  | 0 | 0 | 9100000 |
| SPOTIFY USA INC | NOTE     3/1 | 84921RAB6 |  | 322798 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 7127600 | 865000 | SH |  | SOLE |  | 865000 | 0 | 0 |
| STARWOOD PPTY TR INC | NOTE 4.375% 4/0 | 85571BAH8 |  | 492490 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 13329002 | 405630 | SH |  | SOLE |  | 271565 | 0 | 134065 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 97735424 | 1312061 | SH |  | SOLE |  | 987161 | 0 | 324900 |
| TAPESTRY INC | COM | 876030107 |  | 45160519 | 1185938 | SH |  | SOLE |  | 968295 | 0 | 217643 |
| TDCX INC | ADS | 87190U100 |  | 728724 | 58863 | SH |  | SOLE |  | 58863 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 13617309 | 395852 | SH |  | SOLE |  | 395852 | 0 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 5697308 | 6100000 | PRN |  | SOLE |  | 0 | 0 | 6100000 |
| VAIL RESORTS INC | NOTE     1/0 | 91879QAN9 |  | 1871970 | 2000000 | PRN |  | SOLE |  | 0 | 0 | 2000000 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 21626653 | 1274405 | SH |  | SOLE |  | 1274405 | 0 | 0 |
| VNET GROUP INC | NOTE     2/0 | 90138VAB3 |  | 415940 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| WESTERN DIGITAL CORP. | NOTE 1.500% 2/0 | 958102AP0 |  | 11310114 | 11850000 | PRN |  | SOLE |  | 0 | 0 | 11850000 |
| ZILLOW GROUP INC | NOTE 0.750% 9/0 | 98954MAE1 |  | 8638806 | 8300000 | PRN |  | SOLE |  | 0 | 0 | 8300000 |
| ZSCALER INC | NOTE 0.125% 7/0 | 98980GAB8 |  | 4722030 | 4500000 | PRN |  | SOLE |  | 0 | 0 | 4500000 |

---