Barings 13FHR Quarterly holdings report by institutional manager | SEC 9 May 23

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

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OMB Number:		3235-0006
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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
ABBOTT LABS	COM	002824100	252,644	2,495	SH		DFND	3	2,495	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	257,229	900	SH		DFND	3	900	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	328,335	852	SH		DFND	3	852	0	0
AGCO CORP	COM	001084102	9,251,736	68,430	SH		DFND	3	68,430	0	0
ALPHABET INC	CAP STK CL C	02079K107	976,040	9,385	SH		DFND	3	9,385	0	0
ALPHABET INC	CAP STK CL A	02079K305	596,448	5,750	SH		DFND	3	5,750	0	0
ALPHABET INC	CAP STK CL A	02079K305	441,890	4,260	SH		SOLE		4,260	0	0
AMAZON COM INC	COM	023135106	3,035,590	29,389	SH		DFND	3	29,389	0	0
AMAZON COM INC	COM	023135106	196,251	1,900	SH		SOLE		1,900	0	0
AMBEV SA	SPONSORED ADR	02319V103	2,839,266	1,006,832	SH		DFND	3	1,006,832	0	0
AMCOR PLC	ORD	G0250X107	5,772,573	507,256	SH		DFND	3	507,256	0	0
ANALOG DEVICES INC	COM	032654105	128,982	654	SH		DFND	3	654	0	0
ANALOG DEVICES INC	COM	032654105	143,773	729	SH		SOLE		729	0	0
ANGLOGOLD ASHANTI LIMITED	SPONSORED ADR	035128206	8,364,249	345,773	SH		DFND	3	345,773	0	0
ANGLOGOLD ASHANTI LIMITED	SPONSORED ADR	035128206	186,384	7,705	SH		SOLE		7,705	0	0
AON PLC	SHS CL A	G0403H108	3,386,530	10,741	SH		DFND	3	10,741	0	0
AON PLC	SHS CL A	G0403H108	303,309	962	SH		SOLE		962	0	0
APPLE INC	COM	037833100	2,099,012	12,729	SH		DFND	3	12,729	0	0
APPLIED MATLS INC	COM	038222105	263,593	2,146	SH		DFND	3	2,146	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	7,300,202	91,642	SH		DFND	3	91,642	0	0
AUTODESK INC	COM	052769106	123,855	595	SH		DFND	3	595	0	0
AUTODESK INC	COM	052769106	156,953	754	SH		SOLE		754	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	7,057,426	2,693,674	SH		DFND	3	2,693,674	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	4,183,064	166,457	SH		DFND	3	166,457	0	0
BANK AMERICA CORP	COM	060505104	201,029	7,029	SH		DFND	3	7,029	0	0
BARINGS PARTN INVS	SH BEN INT	06761A103	1,104,404	86,128	SH		SOLE		86,128	0	0
BECTON DICKINSON & CO	COM	075887109	538,647	2,176	SH		DFND	3	2,176	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	270,483	876	SH		DFND	3	876	0	0
BIOLIFE SOLUTIONS INC	COM NEW	09062W204	1,986,123	91,316	SH		SOLE		91,316	0	0
BLACKROCK TCP CAPITAL CORP	COM	09259E108	16,514,732	1,603,372	SH		SOLE		1,603,372	0	0
BM TECHNOLOGIES INC	CL A COM	05591L107	111,901	31,790	SH		SOLE		31,790	0	0
BROADCOM INC	COM	11135F101	252,767	394	SH		DFND	3	394	0	0
BUNGE LIMITED	COM	G16962105	8,814,012	92,274	SH		DFND	3	92,274	0	0
CF INDS HLDGS INC	COM	125269100	12,933,376	178,416	SH		DFND	3	178,416	0	0
CHEVRON CORP NEW	COM	166764100	11,402,110	69,883	SH		DFND	3	69,883	0	0
CISCO SYS INC	COM	17275R102	252,750	4,835	SH		DFND	3	4,835	0	0
CLOUDFLARE INC	CL A COM	18915M107	313,664	5,087	SH		DFND	3	5,087	0	0
CLOUDFLARE INC	CL A COM	18915M107	82,131	1,332	SH		SOLE		1,332	0	0
CNH INDL N V	SHS	N20944109	8,796,054	576,035	SH		DFND	3	576,035	0	0
COCA COLA CO	COM	191216100	346,872	5,592	SH		DFND	3	5,592	0	0
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	1,615,982	161,760	SH		DFND	3	161,760	0	0
CONOCOPHILLIPS	COM	20825C104	14,317,094	144,311	SH		DFND	3	144,311	0	0
CORTEVA INC	COM	22052L104	8,565,950	142,032	SH		DFND	3	142,032	0	0
COSTCO WHSL CORP NEW	COM	22160K105	351,287	707	SH		DFND	3	707	0	0
CREDICORP LTD	COM	G2519Y108	1,217,061	9,193	SH		DFND	3	9,193	0	0
CURIOSITYSTREAM INC	COM CL A	23130Q107	37,707	27,931	SH		SOLE		27,931	0	0
D MARKET ELECTR SVCS & TRADI	SPONSORED ADS	23292B104	1,066,420	795,836	SH		DFND	3	795,836	0	0
DANAHER CORPORATION	COM	235851102	213,982	849	SH		DFND	3	849	0	0
DARLING INGREDIENTS INC	COM	237266101	10,560,881	180,837	SH		DFND	3	180,837	0	0
DBX ETF TR	XTRACK HRVST CSI	233051879	9,228,213	313,033	SH		DFND	4	313,033	0	0
DEERE & CO	COM	244199105	16,907,023	40,949	SH		DFND	3	40,949	0	0
DIGITALBRIDGE GROUP INC	NOTE 5.000% 4/1	19624RAA4	21,467,750	21,500,000	PRN		SOLE		21,500,000	0	0
DISH NETWORK CORPORATION	NOTE 3.375% 8/1	25470MAB5	29,224,448	56,889,000	PRN		SOLE		56,889,000	0	0
DISNEY WALT CO	COM	254687106	1,083,607	10,822	SH		DFND	3	10,822	0	0
DOW INC	COM	260557103	6,910,116	126,051	SH		DFND	3	126,051	0	0
EOG RES INC	COM	26875P101	10,819,696	94,388	SH		DFND	3	94,388	0	0
EOS ENERGY ENTERPRISES INC	COM CL A	29415C101	3,095,385	1,204,430	SH		SOLE		1,204,430	0	0
EXXON MOBIL CORP	COM	30231G102	21,653,573	197,461	SH		DFND	3	197,461	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	785,340	14,455	SH		DFND	3	14,455	0	0
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	1,384,450	86,745	SH		DFND	3	86,745	0	0
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	5,087,697	318,778	SH		DFND	4	318,778	0	0
FIRST TR EXCHANGE TRADED FD	NASDQ CLN EDGE	33737A108	9,930,362	101,683	SH		DFND	4	101,683	0	0
FMC CORP	COM NEW	302491303	3,751,711	30,719	SH		DFND	3	30,719	0	0
GARRETT MOTION INC	PFD CONV SER A	366505204	20,947,507	2,356,300	SH		SOLE		2,356,300	0	0
GLOBAL X FDS	X EMERGING MKT	37954Y350	6,999,856	320,800	SH		DFND	2	320,800	0	0
GRAB HOLDINGS LIMITED	CLASS A ORD	G4124C109	9,471,052	3,323,176	SH		DFND	3	3,323,176	0	0
GREEN PLAINS INC	COM	393222104	10,928,004	352,630	SH		SOLE		352,630	0	0
H WORLD GROUP LTD	SPONSORED ADS	44332N106	60,615,648	1,242,888	SH		DFND	1	1,242,888	0	0
HALLADOR ENERGY COMPANY	COM	40609P105	636,306	69,239	SH		SOLE		69,239	0	0
HDFC BANK LTD	SPONSORED ADS	40415F101	385,353	5,780	SH		SOLE		5,780	0	0
HESS CORP	COM	42809H107	10,895,288	82,328	SH		DFND	3	82,328	0	0
HOME DEPOT INC	COM	437076102	295,710	1,002	SH		DFND	3	1,002	0	0
INFOSYS LTD	SPONSORED ADR	456788108	221,523	12,702	SH		SOLE		12,702	0	0
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	545,415	5,931	SH		DFND	3	5,931	0	0
INVESCO EXCH TRADED FD TR II	SOLAR ETF	46138G706	2,730,247	35,170	SH		DFND	1	35,170	0	0
INVESCO EXCH TRADED FD TR II	SOLAR ETF	46138G706	3,119,018	40,178	SH		DFND	3	40,178	0	0
INVESCO EXCHANGE TRADED FD T	S&P 500 GARP ETF	46137V431	4,068,810	47,700	SH		DFND	1	47,700	0	0
INVESCO EXCHANGE TRADED FD T	S&P 500 GARP ETF	46137V431	7,339,553	86,044	SH		DFND	3	86,044	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	5,330,968	16,611	SH		DFND	1	16,611	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	331,719,667	1,033,620	SH		DFND	2	1,033,620	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	4,945,210	15,409	SH		DFND	3	15,409	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	16,042,970	49,989	SH		DFND	4	49,989	0	0
ISHARES INC	JP MRG EM CRP BD	464286251	904,915	20,774	SH		DFND	3	20,774	0	0
ISHARES INC	JP MRG EM CRP BD	464286251	22,346,411	513,003	SH		DFND	4	513,003	0	0
ISHARES INC	MSCI WORLD ETF	464286392	6,029,764	51,243	SH		DFND	1	51,243	0	0
ISHARES INC	MSCI WORLD ETF	464286392	13,702,554	116,449	SH		DFND	3	116,449	0	0
ISHARES INC	MSCI EURZONE ETF	464286608	9,819,957	217,834	SH		DFND	3	217,834	0	0
ISHARES INC	MSCI HONG KG ETF	464286871	5,725,929	278,634	SH		DFND	1	278,634	0	0
ISHARES TR	CORE S&P500 ETF	464287200	648,018,290	1,576,380	SH		DFND	2	1,576,380	0	0
ISHARES TR	CORE S&P500 ETF	464287200	5,292,244	12,874	SH		DFND	3	12,874	0	0
ISHARES TR	CORE S&P500 ETF	464287200	82,688,742	201,150	SH		DFND	4	201,150	0	0
ISHARES TR	CORE US AGGBD ET	464287226	2,272,589	22,808	SH		DFND	3	22,808	0	0
ISHARES TR	CORE US AGGBD ET	464287226	73,665,347	739,315	SH		DFND	4	739,315	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	5,505,820	50,231	SH		DFND	1	50,231	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	7,763,567	70,829	SH		DFND	3	70,829	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	726,934	6,632	SH		DFND	4	6,632	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	73,646,959	671,900	SH		SOLE		671,900	0	0
ISHARES TR	7-10 YR TRSY BD	464287440	888,908	8,968	SH		DFND	3	8,968	0	0
ISHARES TR	7-10 YR TRSY BD	464287440	50,577,665	510,267	SH		DFND	4	510,267	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	16,606,261	202,121	SH		DFND	4	202,121	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	309,121,637	1,362,850	SH		DFND	2	1,362,850	0	0
ISHARES TR	EUROPE ETF	464287861	1,829,331	36,572	SH		DFND	3	36,572	0	0
ISHARES TR	EUROPE ETF	464287861	17,118,495	342,233	SH		DFND	4	342,233	0	0
ISHARES TR	MSCI AC ASIA ETF	464288182	2,724,709	40,146	SH		DFND	1	40,146	0	0
ISHARES TR	MSCI ACWI ETF	464288257	3,304,277	36,247	SH		DFND	1	36,247	0	0
ISHARES TR	MBS ETF	464288588	767,313	8,100	SH		SOLE		8,100	0	0
ISHARES TR	ISHS 1-5YR INVS	464288646	3,881,472	76,800	SH		SOLE		76,800	0	0
ISHARES TR	SHORT TREAS BD	464288679	3,996,122	36,164	SH		DFND	3	36,164	0	0
ISHARES TR	SHORT TREAS BD	464288679	4,932,389	44,637	SH		DFND	4	44,637	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	1,486,354	29,497	SH		DFND	3	29,497	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	6,331,151	125,643	SH		DFND	4	125,643	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	51,952,090	1,031,000	SH		SOLE		1,031,000	0	0
ISHARES TR	MSCI USA QLT FCT	46432F339	4,993,740	40,251	SH		DFND	3	40,251	0	0
ISHARES TR	0-5YR INVT GR CP	46434V100	925,047	19,081	SH		DFND	1	19,081	0	0
ISHARES TR	CORE MSCI EURO	46434V738	3,232,213	61,707	SH		DFND	1	61,707	0	0
ISHARES TR	CONV BD ETF	46435G102	2,451,942	33,764	SH		DFND	3	33,764	0	0
ISHARES TR	ESG AWR US AGRGT	46435U549	12,741,042	265,107	SH		DFND	4	265,107	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	6,705,313	1,376,861	SH		DFND	3	1,376,861	0	0
JOHNSON & JOHNSON	COM	478160104	256,215	1,653	SH		DFND	3	1,653	0	0
JPMORGAN CHASE & CO	COM	46625H100	459,212	3,524	SH		DFND	3	3,524	0	0
LAM RESEARCH CORP	COM	512807108	168,048	317	SH		DFND	3	317	0	0
LAM RESEARCH CORP	COM	512807108	145,783	275	SH		SOLE		275	0	0
LI AUTO INC	SPONSORED ADS	50202M102	5,964,422	239,055	SH		DFND	3	239,055	0	0
LI AUTO INC	SPONSORED ADS	50202M102	131,437	5,268	SH		SOLE		5,268	0	0
LINDE PLC	SHS	G54950103	30,662,742	86,267	SH		DFND	3	86,267	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	4,999,736	53,251	SH		DFND	3	53,251	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	1,033	11	SH		SOLE		11	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	1,046,621	2,880	SH		DFND	3	2,880	0	0
MCDONALDS CORP	COM	580135101	2,389,267	8,545	SH		DFND	3	8,545	0	0
MCGRATH RENTCORP	COM	580589109	274,425	2,941	SH		DFND	3	2,941	0	0
MERCK & CO INC	COM	58933Y105	337,256	3,170	SH		DFND	3	3,170	0	0
META PLATFORMS INC	CL A	30303M102	541,931	2,557	SH		DFND	3	2,557	0	0
META PLATFORMS INC	CL A	30303M102	367,504	1,734	SH		SOLE		1,734	0	0
MFA FINL INC	NOTE 6.250% 6/1	55272XAA0	14,190,000	15,000,000	PRN		SOLE		15,000,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	191,821	3,179	SH		DFND	3	3,179	0	0
MICRON TECHNOLOGY INC	COM	595112103	161,953	2,684	SH		SOLE		2,684	0	0
MICROSOFT CORP	COM	594918104	5,815,011	20,170	SH		DFND	3	20,170	0	0
MICROSOFT CORP	COM	594918104	531,337	1,843	SH		SOLE		1,843	0	0
MONDELEZ INTL INC	CL A	609207105	205,744	2,951	SH		DFND	3	2,951	0	0
MOSAIC CO NEW	COM	61945C103	9,313,365	202,994	SH		DFND	3	202,994	0	0
NUTRIEN LTD	COM	67077M108	15,363,244	211,382	SH		DFND	3	211,382	0	0
NUTRIEN LTD	COM	67077M108	21,689,456	298,424	SH		DFND	_	298,424	0	0
NVIDIA CORPORATION	COM	67066G104	612,483	2,205	SH		DFND	3	2,205	0	0
NVIDIA CORPORATION	COM	67066G104	361,934	1,303	SH		SOLE		1,303	0	0
ORBITAL INFRASTRUCTURE GRP I	COM	68559A109	612,779	4,199,992	SH		SOLE		4,199,992	0	0
PDD HOLDINGS INC	SPONSORED ADS	722304102	47,580,951	626,890	SH		DFND	1	626,890	0	0
PDD HOLDINGS INC	SPONSORED ADS	722304102	2,836,838	37,376	SH		DFND	3	37,376	0	0
PENNYMAC CORP	NOTE 5.500%11/0	70932AAD5	15,810,000	17,000,000	PRN		SOLE		17,000,000	0	0
PEPSICO INC	COM	713448108	1,089,607	5,977	SH		DFND	3	5,977	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	7,783,498	838,739	SH		DFND	3	838,739	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	2,232,156	214,013	SH		DFND	3	214,013	0	0
PROCTER AND GAMBLE CO	COM	742718109	603,384	4,058	SH		DFND	3	4,058	0	0
QUALCOMM INC	COM	747525103	191,625	1,502	SH		DFND	3	1,502	0	0
QUALCOMM INC	COM	747525103	127,580	1,000	SH		SOLE		1,000	0	0
S&P GLOBAL INC	COM	78409V104	207,552	602	SH		DFND	3	602	0	0
SALESFORCE INC	COM	79466L302	247,328	1,238	SH		DFND	3	1,238	0	0
SALESFORCE INC	COM	79466L302	148,437	743	SH		SOLE		743	0	0
SEA LTD	SPONSORD ADS	81141R100	1,702,438	19,670	SH		DFND	1	19,670	0	0
SEA LTD	SPONSORD ADS	81141R100	32,316,904	373,390	SH		DFND	3	373,390	0	0
SENDAS DISTRIBUIDORA S A	SPON ADS	81689T104	1,162,786	74,110	SH		DFND	3	74,110	0	0
SHERWIN WILLIAMS CO	COM	824348106	6,787,604	30,198	SH		DFND	3	30,198	0	0
SOCIEDAD QUIMICA Y MINERA DE	SPON ADR SER B	833635105	4,611,179	56,886	SH		DFND	3	56,886	0	0
SPDR SER TR	BBG CONV SEC ETF	78464A359	815,638	12,161	SH		DFND	4	12,161	0	0
STRYKER CORPORATION	COM	863667101	898,374	3,147	SH		DFND	3	3,147	0	0
SUNCOR ENERGY INC NEW	COM	867224107	1,257,649	40,504	SH		DFND	3	40,504	0	0
SUNCOR ENERGY INC NEW	COM	867224107	39,135,110	1,260,390	SH		DFND	_	1,260,390	0	0
SYNOPSYS INC	COM	871607107	140,981	365	SH		DFND	3	365	0	0
SYNOPSYS INC	COM	871607107	154,500	400	SH		SOLE		400	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	915,031	7,670	SH		DFND	3	7,670	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	75,875	636	SH		SOLE		636	0	0
TDCX INC	ADS	87190U100	3,855,631	433,217	SH		DFND	3	433,217	0	0
TESLA INC	COM	88160R101	294,801	1,421	SH		DFND	3	1,421	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	1,270,319	2,204	SH		DFND	3	2,204	0	0
TJX COS INC NEW	COM	872540109	1,510,311	19,274	SH		DFND	3	19,274	0	0
TRACTOR SUPPLY CO	COM	892356106	12,766,198	54,315	SH		DFND	3	54,315	0	0
TRIP COM GROUP LTD	ADS	89677Q107	29,764,159	790,129	SH		DFND	1	790,129	0	0
TRIP COM GROUP LTD	ADS	89677Q107	75,378	2,001	SH		DFND	3	2,001	0	0
UNITED RENTALS INC	COM	911363109	747,195	1,888	SH		DFND	3	1,888	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	3,478,262	7,360	SH		DFND	3	7,360	0	0
VALARIS LIMITED	CL A	G9460G101	1,282,134	19,835	SH		SOLE		19,835	0	0
VALE S A	SPONSORED ADS	91912E105	7,625,290	483,225	SH		DFND	3	483,225	0	0
VALERO ENERGY CORP	COM	91913Y100	8,669,858	62,105	SH		DFND	3	62,105	0	0
VANECK ETF TRUST	BDC INCOME ETF	92189F411	908,100	61,234	SH		DFND	3	61,234	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	1,231,059	13,368	SH		DFND	3	13,368	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	62,094,445	674,280	SH		DFND	4	674,280	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,812,667	44,868	SH		DFND	3	44,868	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	33,156,967	820,717	SH		DFND	4	820,717	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	9,252,416	121,375	SH		DFND	4	121,375	0	0
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	3,009,272	50,188	SH		DFND	4	50,188	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	916,648	2,378	SH		DFND	3	2,378	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	4,578,998	11,879	SH		DFND	4	11,879	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	232,837	739	SH		DFND	3	739	0	0
VISA INC	COM CL A	92826C839	1,305,413	5,790	SH		DFND	3	5,790	0	0
VISA INC	COM CL A	92826C839	236,508	1,049	SH		SOLE		1,049	0	0
VISTA ENERGY S.A.B. DE C.V.	SPONSORED ADS	92837L109	1,599,586	80,828	SH		DFND	3	80,828	0	0
WALMART INC	COM	931142103	307,286	2,084	SH		DFND	3	2,084	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833118	1,594,200	26,861	SH		SOLE		26,861	0	0
WILLSCOT MOBIL MINI HLDNG CO	COM CL A	971378104	927,005	19,774	SH		DFND	3	19,774	0	0
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	19,619,203	518,204	SH		DFND	4	518,204	0	0
YANDEX N V	SHS CLASS A	N97284108	0	1,002,695	SH		DFND	3	1,002,695	0	0
YUM CHINA HLDGS INC	COM	98850P109	10,439,192	164,682	SH		DFND	3	164,682	0	0
YUM CHINA HLDGS INC	COM	98850P109	215,399	3,398	SH		SOLE		3,398	0	0
YUM CHINA HLDGS INC	COM	98850P109	18,040,287	284,592	SH		DFND	_	284,592	0	0
ZOETIS INC	CL A	98978V103	353,019	2,121	SH		DFND	3	2,121	0	0
ZTO EXPRESS CAYMAN INC	SPONSORED ADS A	98980A105	6,244,727	217,890	SH		DFND	1	217,890	0	0
ZTO EXPRESS CAYMAN INC	SPONSORED ADS A	98980A105	41,385	1,444	SH		DFND	3	1,444	0	0
BARINGS PARTN INVS TRUST	COM	05616B100	1,838,439	143,404	SH		SOLE		143,404	0	0
BARINGS CORPORATE INVS	COM	05617K109	3,108,246	219,664	SH		SOLE		219,664	0	0
BARINGS BDC, INC.	COM	06759L103	108,299,067	13,639,681	SH		SOLE		13,639,681	0	0
BARINGS GLOBAL SHORT DURATION	COM	06760L100	148,999	11,550	SH		SOLE		11,550	0	0

Barings 13F-HRQuarterly holdings report by institutional manager