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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
Estimated average burden
hours per response: 23.8
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
ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 31,088 30,000,000 PRN   DFND   30,000,000 0 0
ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/1 02076XAA0 2,700 2,700,000 PRN   DFND   2,700,000 0 0
ANADARKO PETE CORP COM 032511107 1,187 14,965 SH   DFND   14,965 0 0
ANNALY CAP MGMT INC NOTE 5.000% 5/1 035710AB8 97,551 96,207,000 PRN   DFND   96,207,000 0 0
ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 74,415 70,200,000 PRN   DFND   70,200,000 0 0
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 8,430 7,824,000 PRN   DFND   7,824,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 6,222 5,800,000 PRN   DFND   5,800,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 19,147 18,000,000 PRN   DFND   18,000,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 29,791 28,100,000 PRN   DFND   28,100,000 0 0
BGC PARTNERS INC NOTE 4.500% 7/1 05541TAD3 6,008 5,773,000 PRN   DFND   5,773,000 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.750%10/1 09061GAE1 30,705 28,900,000 PRN   DFND   28,900,000 0 0
CANADIAN NATL RY CO COM 136375102 1,144 20,000 SH   DFND   20,000 0 0
CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 102,930 87,000,000 PRN   DFND   87,000,000 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 137 2,117 SH   DFND   2,117 0 0
CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 29,080 27,500,000 PRN   DFND   27,500,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 7,916 7,800,000 PRN   DFND   7,800,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 12,679 12,500,000 PRN   DFND   12,500,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 416 5,000 SH   DFND   5,000 0 0
CHURCH & DWIGHT INC COM 171340102 133 2,001 SH   DFND   2,001 0 0
CIENA CORP NOTE 0.875% 6/1 171779AE1 718 700,000 PRN   DFND   700,000 0 0
CIMAREX ENERGY CO COM 171798101 2,937 28,000 SH   DFND   28,000 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 537 600,000 PRN   DFND   600,000 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 139 1,374 SH   DFND   1,374 0 0
CONOCOPHILLIPS COM 20825C104 2,967 42,000 SH   DFND   42,000 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 2,037 43,112 SH   DFND   43,112 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 29,438 25,000,000 PRN   DFND   25,000,000 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 37,761 33,700,000 PRN   DFND   33,700,000 0 0
DISNEY WALT CO COM DISNEY 254687106 140 1,837 SH   DFND   1,837 0 0
DRESSER-RAND GROUP INC COM 261608103 2,424 40,643 SH   DFND   40,643 0 0
DRIL-QUIP INC COM 262037104 1,869 17,000 SH   DFND   17,000 0 0
EBAY INC COM 278642103 136 2,483 SH   DFND   2,483 0 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 57,147 53,580,000 PRN   DFND   53,580,000 0 0
EMERSON ELEC CO COM 291011104 2,105 30,000 SH   DFND   30,000 0 0
ENCANA CORP COM 292505104 1,087 60,000 SH   DFND   60,000 0 0
ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 345 150,000 PRN   DFND   150,000 0 0
ENERGEN CORP COM 29265N108 354 5,000 SH   DFND   5,000 0 0
EOG RES INC COM 26875P101 2,518 15,000 SH   DFND   15,000 0 0
EQT CORP COM 26884L109 2,604 29,000 SH   DFND   29,000 0 0
FLIR SYS INC COM 302445101 116 3,839 SH   DFND   3,839 0 0
FORD MTR CO DEL NOTE 4.250%11/1 345370CN8 8,287 4,550,000 PRN   DFND   4,550,000 0 0
GENERAL ELECTRIC CO COM 369604103 3,083 110,000 SH   DFND   110,000 0 0
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 113,496 34,350,000 PRN   DFND   34,350,000 0 0
GOOGLE INC CL A 38259P508 137 122 SH   DFND   122 0 0
GRAN TIERRA ENERGY INC COM 38500T101 1,119 152,800 SH   DFND   152,800 0 0
HALLIBURTON CO COM 406216101 3,186 62,783 SH   DFND   62,783 0 0
HEALTH CARE REIT INC NOTE 3.000%12/0 42217KAR7 1,506 1,350,000 PRN   DFND   1,350,000 0 0
HELMERICH & PAYNE INC COM 423452101 2,754 32,749 SH   DFND   32,749 0 0
HESS CORP COM 42809H107 3,569 43,000 SH   DFND   43,000 0 0
HOLLYFRONTIER CORP COM 436106108 248 5,000 SH   DFND   5,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 23,519 20,050,000 PRN   DFND   20,050,000 0 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 24,435 23,950,000 PRN   DFND   23,950,000 0 0
HOLOGIC INC FRNT 4.000%12/1 436440AG6 9,293 9,000,000 PRN   DFND   9,000,000 0 0
HOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 43713WAB3 1,351 1,300,000 PRN   DFND   1,300,000 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 4,465 4,000,000 PRN   DFND   4,000,000 0 0
INTEL CORP SDCV 3.250% 8/0 458140AF7 86,722 64,000,000 PRN   DFND   64,000,000 0 0
INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 2,681 3,000,000 PRN   DFND   3,000,000 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 134 1,563 SH   DFND   1,563 0 0
INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 75,700 71,100,000 PRN   DFND   71,100,000 0 0
INTUIT COM 461202103 133 1,746 SH   DFND   1,746 0 0
JARDEN CORP NOTE 1.875% 9/1 471109AH1 27,518 19,600,000 PRN   DFND   19,600,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 6,203 5,800,000 PRN   DFND   5,800,000 0 0
LAM RESEARCH CORP NOTE 0.500% 5/1 512807AJ7 17,557 15,500,000 PRN   DFND   15,500,000 0 0
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 2,275 1,900,000 PRN   DFND   1,900,000 0 0
LAUDER ESTEE COS INC CL A 518439104 134 1,778 SH   DFND   1,778 0 0
LIFEPOINT HOSPITALS INC NOTE 3.500% 5/1 53219LAH2 24,810 22,700,000 PRN   DFND   22,700,000 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 112,691 98,345,000 PRN   DFND   98,345,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,934 49,000 SH   DFND   49,000 0 0
MARATHON OIL CORP COM 565849106 2,683 76,000 SH   DFND   76,000 0 0
MCGRAW HILL FINL INC COM 580645109 140 1,789 SH   DFND   1,789 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 133 1,583 SH   DFND   1,583 0 0
METLIFE INC UNIT 99/99/9999 59156R116 536 17,000 SH   DFND   17,000 0 0
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 95,209 69,600,000 PRN   DFND   69,600,000 0 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 691 400,000 PRN   DFND   400,000 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 9,225 2,840,000 PRN   DFND   2,840,000 0 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 3,270 3,200,000 PRN   DFND   3,200,000 0 0
NEXTERA ENERGY INC UNIT 09/01/2015 65339F887 481 8,500 SH   DFND   8,500 0 0
NOBLE ENERGY INC COM 655044105 4,891 71,810 SH   DFND   71,810 0 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 5,935 3,550,000 PRN   DFND   3,550,000 0 0
NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 527 500,000 PRN   DFND   500,000 0 0
NUANCE COMMUNICATIONS INC NOTE 2.750%11/0 67020YAF7 3,773 3,900,000 PRN   DFND   3,900,000 0 0
NUVASIVE INC NOTE 2.750% 7/0 670704AC9 4,888 4,500,000 PRN   DFND   4,500,000 0 0
OASIS PETE INC NEW COM 674215108 2,161 46,000 SH   DFND   46,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,187 23,001 SH   DFND   23,001 0 0
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 5,474 4,450,000 PRN   DFND   4,450,000 0 0
OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 186 2,500 SH   DFND   2,500 0 0
OMNICARE INC DBCV 3.250%12/1 681904AL2 57,822 54,000,000 PRN   DFND   54,000,000 0 0
OMNICOM GROUP INC NOTE 7/3 681919AV8 34,989 26,050,000 PRN   DFND   26,050,000 0 0
ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 3,082 2,800,000 PRN   DFND   2,800,000 0 0
PEPSICO INC COM 713448108 134 1,619 SH   DFND   1,619 0 0
PIONEER NAT RES CO COM 723787107 1,491 8,100 SH   DFND   8,100 0 0
PLANTRONICS INC NEW COM 727493108 139 2,998 SH   DFND   2,998 0 0
PRAXAIR INC COM 74005P104 1,625 12,500 SH   DFND   12,500 0 0
PRICELINE COM INC NOTE 1.250% 3/1 741503AN6 2,853 750,000 PRN   DFND   750,000 0 0
PRICELINE COM INC DEBT 1.000% 3/1 741503AQ9 90,325 65,300,000 PRN   DFND   65,300,000 0 0
PROCTER & GAMBLE CO COM 742718109 131 1,608 SH   DFND   1,608 0 0
PROLOGIS NOTE 3.250% 3/1 74340XAT8 67,736 59,850,000 PRN   DFND   59,850,000 0 0
PROSPECT CAPITAL CORPORATION MTNF 5.375%10/1 74348TAK8 21,145 20,000,000 PRN   DFND   20,000,000 0 0
QUALCOMM INC COM 747525103 134 1,810 SH   DFND   1,810 0 0
REX ENERGY CORPORATION COM 761565100 532 27,000 SH   DFND   27,000 0 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 2,952 3,000,000 PRN   DFND   3,000,000 0 0
RPM INTL INC NOTE 2.250%12/1 749685AT0 16,180 14,500,000 PRN   DFND   14,500,000 0 0
SALESFORCE COM INC NOTE 0.750% 1/1 79466LAB0 383 150,000 PRN   DFND   150,000 0 0
SALIX PHARMACEUTICALS INC NOTE 1.500% 3/1 795435AE6 443 300,000 PRN   DFND   300,000 0 0
SCHLUMBERGER LTD COM 806857108 4,425 49,103 SH   DFND   49,103 0 0
SM ENERGY CO COM 78454L100 3,408 41,000 SH   DFND   41,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 1,377 35,000 SH   DFND   35,000 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 33,439 30,300,000 PRN   DFND   30,300,000 0 0
STRYKER CORP COM 863667101 136 1,813 SH   DFND   1,813 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,307 94,000 SH   DFND   94,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.750%12/0 874054AC3 589 500,000 PRN   DFND   500,000 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 280 200,000 PRN   DFND   200,000 0 0
TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 40,985 38,357,000 PRN   DFND   38,357,000 0 0
TIBCO SOFTWARE INC NOTE 2.250% 5/0 88632QAB9 7,764 7,725,000 PRN   DFND   7,725,000 0 0
TRANSCANADA CORP COM 89353D107 1,375 30,000 SH   DFND   30,000 0 0
TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 60,057 45,285,000 PRN   DFND   45,285,000 0 0
UNIFIRST CORP MASS COM 904708104 136 1,274 SH   DFND   1,274 0 0
VALERO ENERGY CORP NEW COM 91913Y100 3,175 63,000 SH   DFND   63,000 0 0
VARIAN MED SYS INC COM 92220P105 132 1,705 SH   DFND   1,705 0 0
WELLPOINT INC NOTE 2.750%10/1 94973VBG1 77,856 57,750,000 PRN   DFND   57,750,000 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 6,630 6,000 SH   DFND   6,000 0 0
XILINX INC NOTE 2.625% 6/1 983919AF8 13,630 8,550,000 PRN   DFND   8,550,000 0 0