Barings 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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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
3M CO	COM	88579Y101	225	2,039	SH		DFND	2	2,039	0	0
ABBOTT LABS	COM	002824100	301	3,107	SH		DFND	2	3,107	0	0
ABBVIE INC	COM	00287Y109	365	2,719	SH		DFND	2	2,719	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	394	1,531	SH		DFND	2	1,531	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	505	1,834	SH		DFND	2	1,834	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	8,052	201,341	SH		SOLE		201,341	0	0
AGCO CORP	COM	001084102	6,290	65,407	SH		DFND	2	65,407	0	0
AIR PRODS & CHEMS INC	COM	009158106	6,533	28,072	SH		DFND	2	28,072	0	0
ALBEMARLE CORP	COM	012653101	5,710	21,594	SH		DFND	2	21,594	0	0
ALLIANT ENERGY CORP	COM	018802108	213	4,022	SH		DFND	2	4,022	0	0
ALPHABET INC	CAP STK CL C	02079K107	1,131	11,760	SH		DFND	2	11,760	0	0
ALPHABET INC	CAP STK CL A	02079K305	883	9,230	SH		DFND	2	9,230	0	0
ALPHABET INC	CAP STK CL A	02079K305	407	4,260	SH		SOLE		4,260	0	0
AMAZON COM INC	COM	023135106	3,660	32,386	SH		DFND	2	32,386	0	0
AMAZON COM INC	COM	023135106	215	1,900	SH		SOLE		1,900	0	0
AMBEV SA	SPONSORED ADR	02319V103	3,311	1,170,019	SH		DFND	2	1,170,019	0	0
AMCOR PLC	ORD	G0250X107	5,443	507,256	SH		DFND	2	507,256	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	160	13,310	SH		DFND	2	13,310	0	0
AMGEN INC	COM	031162100	429	1,904	SH		DFND	2	1,904	0	0
ANGLOGOLD ASHANTI LIMITED	SPONSORED ADR	035128206	4,779	345,773	SH		DFND	2	345,773	0	0
ANGLOGOLD ASHANTI LIMITED	SPONSORED ADR	035128206	106	7,705	SH		SOLE		7,705	0	0
AON PLC	SHS CL A	G0403H108	3,713	13,861	SH		DFND	2	13,861	0	0
AON PLC	SHS CL A	G0403H108	258	962	SH		DFND	_	962	0	0
APPLE INC	COM	037833100	3,034	21,956	SH		DFND	2	21,956	0	0
ARBOR REALTY TRUST INC	NOTE 4.750%11/0	038923AP3	5,063	5,000,000	PRN		SOLE		5,000,000	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	7,792	96,852	SH		DFND	2	96,852	0	0
AUTODESK INC	COM	052769106	174	933	SH		DFND	2	933	0	0
AUTODESK INC	COM	052769106	141	754	SH		SOLE		754	0	0
AVAYA HLDGS CORP	NOTE 2.250% 6/1	05351XAB7	7,350	17,192,000	PRN		SOLE		17,192,000	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	12,616	3,428,338	SH		DFND	2	3,428,338	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	4,057	166,457	SH		DFND	2	166,457	0	0
BARINGS PARTN INVS	SH BEN INT	06761A103	975	86,128	SH		SOLE		86,128	0	0
BECTON DICKINSON & CO	COM	075887109	644	2,888	SH		DFND	2	2,888	0	0
BIOLIFE SOLUTIONS INC	COM NEW	09062W204	2,077	91,316	SH		SOLE		91,316	0	0
BK OF AMERICA CORP	COM	060505104	217	7,191	SH		DFND	2	7,191	0	0
BLACKROCK INC	COM	09247X101	313	569	SH		DFND	2	569	0	0
BLACKROCK TCP CAPITAL CORP	COM	09259E108	17,525	1,603,372	SH		SOLE		1,603,372	0	0
BLACKSTONE INC	COM	09260D107	250	2,990	SH		DFND	2	2,990	0	0
BLACKSTONE MORTGAGE TRUST IN	NOTE 4.750% 3/1	09257WAC4	5,930	6,000,000	PRN		SOLE		6,000,000	0	0
BM TECHNOLOGIES INC	CL A COM	05591L107	213	31,790	SH		SOLE		31,790	0	0
BOOKING HOLDINGS INC	COM	09857L108	243	148	SH		DFND	2	148	0	0
BUNGE LIMITED	COM	G16962105	7,959	96,386	SH		DFND	2	96,386	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	206	1,263	SH		DFND	2	1,263	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	1,105	322,034	SH		DFND	2	322,034	0	0
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	2,501	311,496	SH		DFND	2	311,496	0	0
CF INDS HLDGS INC	COM	125269100	15,075	156,623	SH		DFND	2	156,623	0	0
CHEVRON CORP NEW	COM	166764100	10,713	74,567	SH		DFND	2	74,567	0	0
CISCO SYS INC	COM	17275R102	332	8,295	SH		DFND	2	8,295	0	0
CNH INDL N V	SHS	N20944109	4,137	370,396	SH		DFND	2	370,396	0	0
COCA COLA CO	COM	191216100	355	6,333	SH		DFND	2	6,333	0	0
COLGATE PALMOLIVE CO	COM	194162103	346	4,921	SH		DFND	2	4,921	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADS	20441B605	1,299	219,048	SH		DFND	2	219,048	0	0
CONOCOPHILLIPS	COM	20825C104	16,395	160,201	SH		DFND	2	160,201	0	0
CORTEVA INC	COM	22052L104	20,454	357,895	SH		DFND	2	357,895	0	0
COSTCO WHSL CORP NEW	COM	22160K105	685	1,450	SH		DFND	2	1,450	0	0
CREDICORP LTD	COM	G2519Y108	1,639	13,343	SH		DFND	2	13,343	0	0
CURIOSITYSTREAM INC	COM CL A	23130Q107	41	27,931	SH		SOLE		27,931	0	0
D MARKET ELECTR SVCS & TRADI	SPONSORED ADS	23292B104	767	795,836	SH		DFND	2	795,836	0	0
DANAHER CORPORATION	COM	235851102	243	941	SH		DFND	2	941	0	0
DARLING INGREDIENTS INC	COM	237266101	12,964	195,982	SH		DFND	2	195,982	0	0
DEERE & CO	COM	244199105	18,878	56,540	SH		DFND	2	56,540	0	0
DIGITALBRIDGE GROUP INC	NOTE 5.000% 4/1	19624RAA4	21,178	21,500,000	PRN		SOLE		21,500,000	0	0
DISH NETWORK CORPORATION	NOTE 3.375% 8/1	25470MAB5	39,584	57,111,000	PRN		SOLE		57,111,000	0	0
DISNEY WALT CO	COM	254687106	1,379	14,617	SH		DFND	2	14,617	0	0
DOW INC	COM	260557103	5,537	126,051	SH		DFND	2	126,051	0	0
EOG RES INC	COM	26875P101	10,903	97,586	SH		DFND	2	97,586	0	0
EOS ENERGY ENTERPRISES INC	COM CL A	29415C101	2,011	1,204,430	SH		SOLE		1,204,430	0	0
EXXON MOBIL CORP	COM	30231G102	18,912	216,612	SH		DFND	2	216,612	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	2,294	30,350	SH		DFND	2	30,350	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	71	937	SH		SOLE		937	0	0
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	4,494	269,073	SH		DFND	3	269,073	0	0
FMC CORP	COM NEW	302491303	3,247	30,719	SH		DFND	2	30,719	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	7,107	113,252	SH		DFND	2	113,252	0	0
GARRETT MOTION INC	PFD CONV SER A	366505204	16,753	2,356,300	SH		SOLE		2,356,300	0	0
GERDAU SA	SPON ADR REP PFD	373737105	1,298	287,104	SH		DFND	2	287,104	0	0
GLOBAL X FDS	X EMERGING MKT	37954Y350	3,005	151,300	SH		DFND	1	151,300	0	0
GRAB HOLDINGS LIMITED	CLASS A ORD	G4124C109	8,770	3,334,427	SH		DFND	2	3,334,427	0	0
GREEN PLAINS INC	COM	393222104	14,175	487,616	SH		SOLE		487,616	0	0
HALLADOR ENERGY COMPANY	COM	40609P105	389	69,239	SH		SOLE		69,239	0	0
HDFC BANK LTD	SPONSORED ADS	40415F101	338	5,780	SH		SOLE		5,780	0	0
HESS CORP	COM	42809H107	9,733	89,300	SH		DFND	2	89,300	0	0
HOME DEPOT INC	COM	437076102	242	876	SH		DFND	2	876	0	0
ILLINOIS TOOL WKS INC	COM	452308109	230	1,274	SH		DFND	2	1,274	0	0
INFOSYS LTD	SPONSORED ADR	456788108	239	14,099	SH		SOLE		14,099	0	0
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	2,526	27,807	SH		DFND	2	27,807	0	0
INTUIT	COM	461202103	396	1,023	SH		DFND	2	1,023	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	278,731	1,042,920	SH		DFND	1	1,042,920	0	0
ISHARES INC	JP MRG EM CRP BD	464286251	4,236	102,520	SH		DFND	3	102,520	0	0
ISHARES INC	MSCI WORLD ETF	464286392	12,321	123,268	SH		DFND	2	123,268	0	0
ISHARES INC	MSCI WORLD ETF	464286392	1,014	10,146	SH		DFND	_	10,146	0	0
ISHARES INC	MSCI EURZONE ETF	464286608	9,656	301,925	SH		DFND	2	301,925	0	0
ISHARES INC	MSCI HONG KG ETF	464286871	6,007	329,314	SH		DFND	_	329,314	0	0
ISHARES TR	CORE S&P500 ETF	464287200	560,778	1,563,580	SH		DFND	1	1,563,580	0	0
ISHARES TR	CORE S&P500 ETF	464287200	59,322	165,403	SH		DFND	3	165,403	0	0
ISHARES TR	CORE US AGGBD ET	464287226	33,556	348,311	SH		DFND	3	348,311	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	4,264	41,622	SH		DFND	2	41,622	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	679	6,632	SH		DFND	3	6,632	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	7,571	73,900	SH		SOLE		73,900	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	3,074	30,006	SH		DFND	_	30,006	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	5,703	98,585	SH		DFND	2	98,585	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	2,930	50,642	SH		DFND	_	50,642	0	0
ISHARES TR	GLOB HLTHCRE ETF	464287325	11,267	149,534	SH		DFND	3	149,534	0	0
ISHARES TR	7-10 YR TRSY BD	464287440	20,850	217,207	SH		DFND	3	217,207	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	19,463	239,657	SH		DFND	3	239,657	0	0
ISHARES TR	EXPANDED TECH	464287515	5,563	22,241	SH		DFND	2	22,241	0	0
ISHARES TR	EXPANDED TECH	464287515	2,327	9,305	SH		DFND	_	9,305	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	280,663	1,358,550	SH		DFND	1	1,358,550	0	0
ISHARES TR	US HLTHCARE ETF	464287762	8,469	33,473	SH		DFND	2	33,473	0	0
ISHARES TR	U.S. ENERGY ETF	464287796	5,605	142,576	SH		DFND	2	142,576	0	0
ISHARES TR	MSCI AC ASIA ETF	464288182	2,978	50,884	SH		DFND	_	50,884	0	0
ISHARES TR	MSCI ACWI ETF	464288257	2,060	26,472	SH		DFND	_	26,472	0	0
ISHARES TR	MBS ETF	464288588	742	8,100	SH		SOLE		8,100	0	0
ISHARES TR	ISHS 1-5YR INVS	464288646	3,785	76,800	SH		SOLE		76,800	0	0
ISHARES TR	SHORT TREAS BD	464288679	17,705	160,950	SH		DFND	3	160,950	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	25,788	512,984	SH		DFND	3	512,984	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	51,828	1,031,000	SH		SOLE		1,031,000	0	0
ISHARES TR	CORE HIGH DV ETF	46429B663	57,158	626,119	SH		DFND	3	626,119	0	0
ISHARES TR	MSCI USA QLT FCT	46432F339	4,054	38,999	SH		DFND	2	38,999	0	0
ISHARES TR	MSCI USA QLT FCT	46432F339	50,112	482,129	SH		DFND	3	482,129	0	0
ISHARES TR	MSCI USA QLT FCT	46432F339	4,106	39,502	SH		DFND	_	39,502	0	0
ISHARES TR	0-5YR INVT GR CP	46434V100	1,423	30,026	SH		DFND	_	30,026	0	0
ISHARES TR	0-5YR HI YL CP	46434V407	3,917	98,063	SH		DFND	2	98,063	0	0
ISHARES TR	0-5YR HI YL CP	46434V407	1,575	39,442	SH		DFND	_	39,442	0	0
ISHARES TR	CORE MSCI EURO	46434V738	4,011	101,448	SH		DFND	_	101,448	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	107	5,087	SH		SOLE		5,087	0	0
ISHARES TR	ESG AWR US AGRGT	46435U549	6,775	145,893	SH		DFND	3	145,893	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	9,667	1,869,780	SH		DFND	2	1,869,780	0	0
JOHNSON & JOHNSON	COM	478160104	1,027	6,289	SH		DFND	2	6,289	0	0
JPMORGAN CHASE & CO	COM	46625H100	300	2,871	SH		DFND	2	2,871	0	0
LI AUTO INC	SPONSORED ADS	50202M102	4,483	194,832	SH		DFND	2	194,832	0	0
LI AUTO INC	SPONSORED ADS	50202M102	99	4,288	SH		SOLE		4,288	0	0
LILLY ELI & CO	COM	532457108	764	2,363	SH		DFND	2	2,363	0	0
LINDE PLC	SHS	G5494J103	13,844	51,352	SH		DFND	2	51,352	0	0
LOCKHEED MARTIN CORP	COM	539830109	307	796	SH		DFND	2	796	0	0
MARATHON PETE CORP	COM	56585A102	275	2,772	SH		DFND	2	2,772	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	1,203	4,232	SH		DFND	2	4,232	0	0
MCDONALDS CORP	COM	580135101	2,423	10,502	SH		DFND	2	10,502	0	0
MEDTRONIC PLC	SHS	G5960L103	237	2,932	SH		DFND	2	2,932	0	0
MERCK & CO INC	COM	58933Y105	298	3,461	SH		DFND	2	3,461	0	0
META PLATFORMS INC	CL A	30303M102	678	4,999	SH		DFND	2	4,999	0	0
META PLATFORMS INC	CL A	30303M102	168	1,239	SH		SOLE		1,239	0	0
MFA FINL INC	NOTE 6.250% 6/1	55272XAA0	13,463	15,000,000	PRN		SOLE		15,000,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	185	3,696	SH		DFND	2	3,696	0	0
MICRON TECHNOLOGY INC	COM	595112103	110	2,204	SH		SOLE		2,204	0	0
MICROSOFT CORP	COM	594918104	5,832	25,041	SH		DFND	2	25,041	0	0
MICROSOFT CORP	COM	594918104	438	1,879	SH		SOLE		1,879	0	0
MOSAIC CO NEW	COM	61945C103	12,117	250,710	SH		DFND	2	250,710	0	0
NEXTERA ENERGY INC	COM	65339F101	221	2,816	SH		DFND	2	2,816	0	0
NIKE INC	CL B	654106103	853	10,264	SH		DFND	2	10,264	0	0
NUTRIEN LTD	COM	67077M108	10,193	122,250	SH		DFND	2	122,250	0	0
NUTRIEN LTD	COM	67077M108	21,567	258,658	SH		DFND	_	258,658	0	0
NVIDIA CORPORATION	COM	67066G104	546	4,497	SH		DFND	2	4,497	0	0
NVIDIA CORPORATION	COM	67066G104	166	1,367	SH		SOLE		1,367	0	0
ORACLE CORP	COM	68389X105	350	5,728	SH		DFND	2	5,728	0	0
ORBITAL INFRASTRUCTURE GRP I	COM	68559A109	479	1,007,998	SH		SOLE		1,007,998	0	0
PENNYMAC CORP	NOTE 5.500%11/0	70932AAD5	15,683	17,000,000	PRN		SOLE		17,000,000	0	0
PEPSICO INC	COM	713448108	870	5,330	SH		DFND	2	5,330	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	5,805	523,923	SH		DFND	2	523,923	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	2,483	201,176	SH		DFND	2	201,176	0	0
PFIZER INC	COM	717081103	283	6,466	SH		DFND	2	6,466	0	0
PROCTER AND GAMBLE CO	COM	742718109	604	4,781	SH		DFND	2	4,781	0	0
PROGRESSIVE CORP	COM	743315103	286	2,457	SH		DFND	2	2,457	0	0
QUALCOMM INC	COM	747525103	303	2,685	SH		DFND	2	2,685	0	0
QUALCOMM INC	COM	747525103	113	1,000	SH		SOLE		1,000	0	0
ROYAL CARIBBEAN GROUP	NOTE 4.250% 6/1	780153BB7	4,881	5,000,000	PRN		SOLE		5,000,000	0	0
SABRE CORP	COM	78573M104	58	11,309	SH		DFND	2	11,309	0	0
SALESFORCE INC	COM	79466L302	513	3,567	SH		DFND	2	3,567	0	0
SALESFORCE INC	COM	79466L302	201	1,400	SH		SOLE		1,400	0	0
SCHLUMBERGER LTD	COM STK	806857108	281	7,831	SH		DFND	2	7,831	0	0
SEA LTD	SPONSORD ADS	81141R100	23,171	413,405	SH		DFND	2	413,405	0	0
SEA LTD	SPONSORD ADS	81141R100	1,103	19,670	SH		DFND	_	19,670	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	1,495	12,345	SH		DFND	3	12,345	0	0
SERVICENOW INC	COM	81762P102	228	605	SH		DFND	2	605	0	0
SHERWIN WILLIAMS CO	COM	824348106	5,533	27,021	SH		DFND	2	27,021	0	0
SOCIEDAD QUIMICA Y MINERA DE	SPON ADR SER B	833635105	9,209	101,478	SH		DFND	2	101,478	0	0
STANLEY BLACK & DECKER INC	COM	854502101	448	5,952	SH		DFND	2	5,952	0	0
STRYKER CORPORATION	COM	863667101	882	4,357	SH		DFND	2	4,357	0	0
SUNCOR ENERGY INC NEW	COM	867224107	648	23,026	SH		DFND	2	23,026	0	0
SUNCOR ENERGY INC NEW	COM	867224107	22,666	805,176	SH		DFND	_	805,176	0	0
SYNOPSYS INC	COM	871607107	197	646	SH		DFND	2	646	0	0
SYNOPSYS INC	COM	871607107	122	400	SH		SOLE		400	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	1,086	9,967	SH		DFND	2	9,967	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	120	1,098	SH		SOLE		1,098	0	0
TARGET CORP	COM	87612E106	205	1,379	SH		DFND	2	1,379	0	0
TDCX INC	ADS	87190U100	4,103	437,921	SH		DFND	2	437,921	0	0
TESLA INC	COM	88160R101	597	2,249	SH		DFND	2	2,249	0	0
TEXAS INSTRS INC	COM	882508104	290	1,876	SH		DFND	2	1,876	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	958	1,888	SH		DFND	2	1,888	0	0
TJX COS INC NEW	COM	872540109	1,781	28,666	SH		DFND	2	28,666	0	0
TRACTOR SUPPLY CO	COM	892356106	10,053	54,082	SH		DFND	2	54,082	0	0
TYSON FOODS INC	CL A	902494103	1,551	23,528	SH		DFND	2	23,528	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	3,602	7,133	SH		DFND	2	7,133	0	0
VALARIS LIMITED	CL A	G9460G101	971	19,835	SH		SOLE		19,835	0	0
VALE S A	SPONSORED ADS	91912E105	7,284	546,831	SH		DFND	2	546,831	0	0
VALERO ENERGY CORP	COM	91913Y100	7,359	68,870	SH		DFND	2	68,870	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	656	5,310	SH		DFND	3	5,310	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	13,375	169,560	SH		DFND	3	169,560	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	7,755	104,407	SH		DFND	3	104,407	0	0
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	2,926	50,188	SH		DFND	3	50,188	0	0
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	61,264	453,267	SH		DFND	3	453,267	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	11,233	36,545	SH		DFND	3	36,545	0	0
VISA INC	COM CL A	92826C839	1,400	7,882	SH		DFND	2	7,882	0	0
VISA INC	COM CL A	92826C839	207	1,166	SH		SOLE		1,166	0	0
VISTA ENERGY S.A.B. DE C.V.	SPONSORED ADS	92837L109	2,815	298,852	SH		DFND	2	298,852	0	0
WALMART INC	COM	931142103	274	2,114	SH		DFND	2	2,114	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833118	867	26,861	SH		SOLE		26,861	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	2,322	71,758	SH		DFND	2	71,758	0	0
WILLSCOT MOBIL MINI HLDNG CO	COM CL A	971378104	797	19,774	SH		DFND	2	19,774	0	0
YANDEX N V	SHS CLASS A	N97284108	0	1,703,559	SH		DFND	2	1,703,559	0	0
YUM CHINA HLDGS INC	COM	98850P109	8,215	173,579	SH		DFND	2	173,579	0	0
YUM CHINA HLDGS INC	COM	98850P109	205	4,333	SH		SOLE		4,333	0	0
YUM CHINA HLDGS INC	COM	98850P109	16,586	350,425	SH		DFND	_	350,425	0	0
ZHIHU INC	ADS	98955N108	2,002	1,888,411	SH		DFND	_	1,888,411	0	0
ZOETIS INC	CL A	98978V103	337	2,271	SH		DFND	2	2,271	0	0
ZTO EXPRESS CAYMAN INC	SPONSORED ADS A	98980A105	25,066	1,043,103	SH		DFND	_	1,043,103	0	0
BARINGS PARTN INVS TRUST	COM	05616B100	1,625	143,404	SH		SOLE		143,404	0	0
BARINGS CORPORATE INVS	COM	05617K109	2,845	219,664	SH		SOLE		219,664	0	0
BARINGS BDC, INC.	COM	06759L103	112,800	13,639,681	SH		SOLE		13,639,681	0	0
BARINGS GLOBAL SHORT DURATION	COM	06760L100	135	11,011	SH		SOLE		11,011	0	0