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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADECOAGRO S A COM L00849106   1,360,944 145,400 SH   DFND 1,2 145,400 0 0
APTIV PLC SHS G6095L109   7,828,772 76,685 SH   DFND 1,2 76,685 0 0
AUTOLIV INC COM 052800109   5,006,560 58,873 SH   DFND 1,2 58,873 0 0
GENERAL MTRS CO COM 37045V100   4,372,704 113,400 SH   DFND 1,2 113,400 0 0
ISHARES GOLD TR ISHARES NEW 464285204   56,753,990 1,559,604 SH   DFND 1,2 1,559,604 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   311,231 9,597 SH   DFND 1,2 9,597 0 0
KT CORP SPONSORED ADR 48268K101   5,189,932 459,286 SH   DFND 1,2 459,286 0 0
LEAR CORP COM NEW 521865204   3,761,441 26,203 SH   DFND 1,2 26,203 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   1,780,194 59,123 SH   DFND 1,2 59,123 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   1,448,759 40,627 SH   DFND 1,2 40,627 0 0