Pioneer Investments: Pioneer Global High Yield Fund


Mutual Funds
Funds Directory
Balanced / Flexible Funds
Equity Funds
International Equity Funds
Fixed Income Funds
Asset Allocation Series
Alternatives
Daily Pricing
Performance
Distributions
Historical Distributions
Morningstar Ratings
Historical Pricing
Holdings
Home Funds & Products Mutual Funds Printable Version
Pioneer Global High Yield Fund

Monthly Portfolio Holdings as of 6/30/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
Non-Profit Preferred Funding Trust I, Floating Rate Note, 9/15/37 (144A) 0.0 09/15/2037 8,875,000 2,139,674
Bombardier, Inc., 6.0%, 10/15/22 (144A) 6.0 10/15/2022 4,900,000 5,094,367
Ghana Government Bond, 26.0%, 6/5/17 26.0 06/05/2017 2,000,000 624,017
Long Haul Holdings, Ltd., Facility B Loan, 11/17/13 6.0371 11/17/2013 792,928 317,171
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 2,175,000 2,351,719
Arcos Dorados Holdings, Inc., 10.25%, 7/13/16 (144A) 10.25 07/13/2016 4,250,000 1,904,371
Berkeley-Kane Flt% 12jun15   06/12/2015 903,800 907,867
Comstock Resources, Inc., 7.75%, 4/1/19 7.75 04/01/2019 4,240,000 4,597,750
Ardagh Packaging Finance Plc, 9.25%, 10/15/20 (144A) 9.25 10/15/2020 2,100,000 3,191,192
PERSEUS HOLDING Corp., 0.0%, 12/31/49 (Perpetual) 0.0 12/31/2049 33,046 49,569
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 1,250,000 1,244,688
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 9.2804 06/06/2017 750,000 786,468
Pangaea Re, 0.0%, 10/1/15 (Cat Bond) 0.0 10/01/2015 3,550,000 3,987,005
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 6.875 11/01/2019 6,210,000 5,861,981
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 6.8855 04/07/2017 1,250,000 1,317,656
Windstream Corp., 7.5%, 6/1/22 7.5 06/01/2022 6,285,000 6,882,075
WESCO Distribution, Inc., 5.375%, 12/15/21 (144A) 5.375 12/15/2021 4,365,000 4,473,640
Swift Energy Co., 8.875%, 1/15/20 8.875 01/15/2020 2,410,000 2,665,276
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 5.918 09/25/2036 1,523,000 1,383,928
Star Gas Partners LP, 8.875%, 12/1/17 8.875 12/01/2017 2,437,000 2,600,756
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 7.25 05/01/2022 3,650,000 3,846,720
YPF SA, 8.875%, 12/19/18 (144A) 8.875 12/19/2018 1,000,000 1,057,958
Baytex Energy Corp., 5.125%, 6/1/21 (144A) 5.125 06/01/2021 5,000,000 5,049,045
First Data Corp., 12.625%, 1/15/21 12.625 01/15/2021 3,597,000 4,638,207
Perseus Holding Corp., 14.0%, 9/15/14 14.0 04/15/2014 17,350 1,422,700
Tonon Luxembourg SA, 10.5%, 5/14/24 (144A) 10.5 05/14/2024 1,625,000 1,728,526
Bumi Capital Pte, Ltd., 12.0%, 11/10/16 (144A) 12.0 11/10/2016 6,200,000 3,205,400
Cascn 5.5% 15jul22 144a 5.5 07/15/2022 4,290,000 4,287,140
Golar LNG, Ltd., 3.75%, 3/7/17 3.75 03/07/2017 800,000 1,080,293
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 3,000,000 3,176,875
MIE Holdings Corp., 7.5%, 4/25/19 (144A) 7.5 04/25/2019 5,000,000 5,360,350
Dva 5.125% 15jul24 5.125 07/15/2024 4,835,000 4,877,608
Live Nation Entertainment, Inc., 5.375%, 6/15/22 (144A) 5.375 06/15/2022 1,025,000 1,043,628
Freeport-McMoRan Copper & Gold, Inc.     95,846 3,498,379
Rwanda International Government Bond, 6.625%, 5/2/23 (144A) 6.625 05/02/2023 2,000,000 2,091,315
Tenet Healthcare Corp., 4.375%, 10/1/21 4.375 10/01/2021 3,945,000 4,006,641
Republic of Ghana, 7.875%, 8/7/23 (144A) 7.875 08/07/2023 2,335,000 2,332,665
WebMD Health Corp., 2.5%, 1/31/18 2.5 01/31/2018 3,485,000 3,700,150
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 6,300,000 5,894,254
Energy Transfer Partners LP, Floating Rate Note, 11/1/66 3.2429 11/01/2066 950,000 878,270
Heckler & Koch GmbH, 9.5%, 5/15/18 (144A) 9.5 05/15/2018 4,700,000 6,828,175
Endp 5.375% 15jan23 144a 5.375 01/15/2023 6,165,000 6,158,214
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 4.125 03/15/2018 10,750,000 8,744,005
First Horizon Mortgage Pass-Through Trust 2004-6, Floating Rate Note, 11/25/34 5.6605 11/25/2034 750,000 232,937
Abengoa Finance SAU, 8.875%, 11/1/17 (144A) 8.875 11/01/2017 6,900,000 7,899,063
Videotron, Ltd., 5.375%, 6/15/24 (144A) 5.375 06/15/2024 4,375,000 4,494,826
Nuance Communications, Inc., 2.75%, 11/1/31 2.75 11/01/2031 6,365,000 6,386,217
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 9.5 05/04/2020 20,248,000 22,071,164
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 11.2652 11/10/2015 375,000 396,122
AES Corp. Virginia, 5.5%, 3/15/24 5.5 03/15/2024 1,350,000 1,403,888
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 6.7525 05/07/2019 999,900 1,005,524
IAC, 4.875%, 11/30/18 4.875 11/30/2018 700,000 732,689
Affinion Group, Inc., Tranche B Term Loan, 10/9/16 6.75 10/09/2016 2,187,507 2,200,667
Nara Cable Funding, Ltd., 8.875%, 12/1/18 (144A) 8.875 12/01/2018 1,550,000 2,281,803
Ghana Government Bond, 21.0%, 10/26/15 21.0 10/26/2015 3,660,000 1,094,855
Desarrolladora Homex SAB de CV, 0.0%, 12/11/19 (144A) 0.0 12/11/2019 9,802,000 1,935,895
Pegasus Solutions, Inc., 13.0%, 9/15/14 (144A) 13.0 04/15/2014 11,940,241 11,434,764
Talos Production LLC, 9.75%, 2/15/18 (144A) 9.75 02/15/2018 3,020,000 3,312,437
Magnesita Finance, Ltd., 8.625%, 12/31/49 (Perpetual) (144A) 8.625 04/29/2049 4,100,000 4,143,477
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 10.75 12/01/2020 3,775,000 3,437,908
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 3,900,000 3,887,731
Inversiones Alsacia SA, 8.0%, 8/18/18 (144A) 8.0 08/18/2018 7,630,000 3,995,154
Mexican Bonos, 7.5%, 6/3/27 7.5 06/03/2027 4,800,000 420,060
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 6.75 04/15/2021 1,270,000 1,376,998
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 7.0 12/01/2018 2,200,000 2,322,833
KP Germany Erste GmbH, 11.625%, 7/15/17 (144A) 11.625 07/15/2017 2,500,000 4,035,816
Banco de Galicia y Buenos Aires SA, 8.75%, 5/4/18 (144A) 8.75 05/04/2018 5,250,000 5,257,109
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 33,500 3,443,130
Mirabela Nickel, Ltd., 8.75%, 4/15/18 (144A) 8.75 04/15/2018 11,725,000 3,426,306
Kane Flt% 12jun15   06/12/2015 2,400,000 2,123,760
Nigeria Government Bond, 16.0%, 6/29/19 16.0 06/29/2019 542,795,000 4,163,039
Bumi Resources Tbk PT, Loan, 11/7/14 18.152 11/07/2014 4,700,000 2,820,000
Icon Health & Fitness, Inc., 11.875%, 10/15/16 (144A) 11.875 10/15/2016 5,000,000 5,050,347
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 4.0304 05/05/2017 1,600,000 1,601,138
Dycom Investments, Inc., 7.125%, 1/15/21 7.125 01/15/2021 2,230,000 2,470,515
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0304 06/06/2016 1,100,000 1,214,559
Frontier Communications Corp., 8.5%, 4/15/20 8.5 04/15/2020 2,940,000 3,521,957
Stone Energy Corp., 7.5%, 11/15/22 7.5 11/15/2022 3,800,000 4,225,917
CEVA GROUP Plc     1,584 1,742,015
Red de Carreteras de Occidente SAPIB de CV, 9.0%, 6/10/28 (144A) 9.0 06/10/2028 47,000,000 3,457,624
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 12.0304 06/06/2015 3,450,000 3,609,850
Intelsat Luxembourg SA, 7.75%, 6/1/21 7.75 06/01/2021 4,000,000 4,260,833
National Surgical Hospitals, Inc., Term Loan, 8/1/19 5.75 07/11/2019 1,492,500 1,499,030
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 8.25 10/19/2019 7,700,000 8,096,550
Towergate Finance Plc, 10.5%, 2/15/19 (144A) 10.5 02/15/2019 4,840,000 8,313,387
Windstream Corp., 7.75%, 10/1/21 7.75 10/01/2021 2,300,000 2,557,313
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 3,206 3,218
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 6.25 05/01/2024 7,100,000 7,505,785
PPL Capital Funding, Inc., 5.9%, 4/30/73 5.9 04/30/2073 212,000 5,200,360
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 12/15/35 (144A) 7.08 12/15/2035 9,000,000 4,828,806
Trilogy Energy Corp., 7.25%, 12/13/19 (144A) 7.25 12/13/2019 2,775,000 2,780,828
Countrywide Asset-Backed Certificates, Floating Rate Note, 11/25/34 1.127 11/25/2034 1,700,000 1,365,248
Aircraft Finance Trust, Floating Rate Note, 5/15/24 0.6318 05/15/2024 11,396,000 2,776,070
Altice Financing SA, 6.5%, 1/15/22 (144A) 6.5 01/15/2022 2,800,000 3,082,606
Rent-A-Center, Inc., 4.75%, 5/1/21 4.75 05/01/2021 2,710,000 2,582,404
NorthStar Realty Finance Corp., 3.0%, 9/30/14 3.0 09/30/2014 6,485,000 6,522,293
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 7.25 04/03/2024 6,800,000 7,158,511
Eqty14-Inns Flt% 08may19 E   05/08/2019 1,175,000 1,176,631
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 7.4015 02/13/2015 500,000 512,266
BBVA Bancomer SA Texas, 6.75%, 9/30/22 (144A) 6.75 09/30/2022 1,250,000 1,452,578
Gff 5.25% 01mar22 5.25 03/01/2022 6,750,000 6,829,875
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 2,400,000 2,684,800
Brazilian Government International Bond, 10.25%, 1/10/28 10.25 01/10/2028 2,950,000 1,462,939
Indo Energy Finance II BV, 6.375%, 1/24/23 (144A) 6.375 01/24/2023 1,900,000 1,638,374
Indonesia Treasury Bond, 7.0%, 5/15/22 7.0 05/15/2022 53,000,000,000 4,198,033
Transportadora de Gas del Sur SA, 9.625%, 5/14/20 9.625 05/14/2020 7,617,602 5,899,257
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 10.5 12/15/2018 5,750,000 6,251,208
Oasis Petroleum, Inc., 6.5%, 11/1/21 6.5 11/01/2021 2,840,000 3,083,767
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 8.5 03/13/2018 12,619,334 12,566,750
Cambium Learning Group, Inc., 9.75%, 2/15/17 9.75 02/15/2017 4,225,000 4,475,683
Cimarex Energy Co., 4.375%, 6/1/24 4.375 06/01/2024 4,800,000 4,905,750
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 8.3804 02/05/2015 1,250,000 1,260,559
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 4,435,000 805,230
Old AII, Inc., 0.0%, 12/15/16 0.0 12/15/2016 6,510,000 1,656,498
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 1,675,000 1,867,299
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 9.0 01/29/2019 995,000 1,099,973
Telenet Finance V Luxembourg SCA, 6.25%, 8/15/22 (144A) 6.25 08/15/2022 1,600,000 2,454,303
Frontier Communications Corp., 7.125%, 1/15/23 7.125 01/15/2023 5,200,000 5,682,842
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 2,000,000 2,301,200
Alpha Natural Resources, Inc., 6.0%, 6/1/19 6.0 06/01/2019 315,000 230,738
Scitor Corp., Term Loan, 2/15/17 5.0 01/21/2017 2,177,194 2,146,785
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 6.5 07/01/2036 2,334,717 365,221
Electricite de France SA, Floating Rate Note, 12/31/49 (Perpetual) (144A) 5.25 01/29/2049 7,150,000 7,452,421
Kane Flt% 01dec20 0.3219 12/01/2020 903,800 906,692
Altrl Flt% 30jun16   06/30/2016 5,300,000 5,487,090
Bombardier, Inc., 4.75%, 4/15/19 (144A) 4.75 04/15/2019 2,100,000 2,161,133
Independencia International, Ltd., 0.0%, 12/30/16 (144A) 0.0 12/30/2016 2,969,595 898,302
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 19.0304 12/06/2016 950,000 1,075,680
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9.0 01/28/2017 10,395,000 10,999,506
Alto Palermo SA, 7.875%, 5/11/17 (144A) 7.875 05/11/2017 5,750,000 5,640,391
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 8.25 03/15/2018 4,340,000 4,532,226
Russian Agricultural Bank OJSC Via RSHB Capital SA, 8.5%, 10/16/23 (144A) 8.5 10/16/2023 5,550,000 5,856,406
Extended Stay America Trust 2013-ESH MZ, 7.625%, 12/5/19 (144A) 7.625 12/05/2019 1,700,000 592,327
Bcbcn 5.375% 01jul22 144a 5.375 07/01/2022 3,200,000 3,211,344
CFG Investment SAC, 9.75%, 7/30/19 (144A) 9.75 07/30/2019 4,450,000 4,465,111
DTEK Finance Plc, 7.875%, 4/4/18 (144A) 7.875 04/04/2018 5,525,000 4,678,190
Ford Motor Co., 4.25%, 11/15/16 4.25 11/15/2016 4,894,000 9,805,401
Molycorp, Inc., 10.0%, 6/1/20 10.0 06/01/2020 5,300,000 4,920,167
General Cable Corp., 6.5%, 10/1/22 (144A) 6.5 10/01/2022 3,250,000 3,359,688
Ally Financial, Inc., 7.0%, 12/31/49 (Perpetual) (144A) 7.0   3,100 3,123,347
JBS Investments GmbH, 7.75%, 10/28/20 (144A) 7.75 10/28/2020 3,720,000 4,030,853
Regal Entertainment Group, 5.75%, 2/1/25 5.75 02/01/2025 1,115,000 1,155,651
SanDisk Corp., 0.5%, 10/15/20 (144A) 0.5 10/15/2020 155,000 195,173
Navistar International Corp., 8.25%, 11/1/21 8.25 11/01/2021 8,405,000 8,888,288
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 12.0304 03/12/2015 2,150,000 2,280,362
Sn 6.125% 15jan23 144a 6.125 01/15/2023 3,765,000 3,889,925
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 3.75 08/20/2025 700,000 468,291
SM Energy Co., 6.5%, 1/1/23 6.5 01/01/2023 1,650,000 1,839,750
Ecua 7.95% 20jun24 144a 7.95 06/20/2024 2,510,000 2,600,182
Sirius International Group, Ltd., Floating Rate Note, 12/31/49 (Perpetual) (144A) 7.506 05/29/2049 8,535,000 9,283,848
NuStar Logistics LP, Floating Rate Note, 1/15/43 7.625 01/15/2043 131,100 3,529,212
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 6,023,750 6,083,988
Tullow Oil Plc, 6.0%, 11/1/20 (144A) 6.0 11/01/2020 1,520,000 1,592,200
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 6,250,000 6,789,627
FPL Energy Wind Funding LLC, 6.876%, 6/27/17 (144A) 6.876 06/27/2017 2,465,000 254,705
CEVA GROUP Plc, 0.0%, 12/31/14 0.0 12/31/2014 3,428 3,770,987
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 16.5101 01/27/2015 875,000 916,679
Metalloinvest Finance, Ltd., 6.5%, 7/21/16 (144A) 6.5 07/21/2016 2,660,000 2,859,869
Banco de Credito del Peru Panama, Floating Rate Note, 11/6/69 (144A) 9.75 11/06/2069 6,875,000 8,438,346
Cincinnati Bell, Inc., 8.75%, 3/15/18 8.75 03/15/2018 8,378,000 9,002,277
Entegris, Inc., 6.0%, 4/1/22 (144A) 6.0 04/01/2022 4,025,000 4,206,125
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 8.5 10/15/2022 2,860,000 3,211,621
AEP Industries, Inc., 8.25%, 4/15/19 8.25 04/15/2019 3,355,000 3,597,958
Windstream Corp., 7.75%, 10/15/20 7.75 10/15/2020 6,765,000 7,442,252
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 833,000 921,159
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 8.625 02/01/2020 750,000 814,453
Green Field Energy Services, Inc., 0.0%, 11/15/16 (144A) 0.0 11/15/2016 54,000 12,389
TAM Capital 3, Inc., 8.375%, 6/3/21 (144A) 8.375 06/03/2021 4,250,000 4,638,934
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 8.1034 01/07/2016 450,000 475,406
Mrd 5.875% 01jul22 144a 5.875 07/01/2022 1,525,000 1,536,438
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 6.95 10/17/2022 4,500,000 4,654,288
DigitalGlobe, Inc., 5.25%, 2/1/21 5.25 02/01/2021 2,970,000 3,005,269
Aguila 3 SA, 7.875%, 1/31/18 (144A) 7.875 01/31/2018 3,900,000 4,243,322
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 5.9 12/31/2049 2,150,000 2,219,421
Lease Investment Flight Trust, Floating Rate Note, 7/15/31 0.5818 07/15/2031 1,102,000 540,525
Carrington Mortgage Loan Trust Series 2007-FRE1, Floating Rate Note, 2/25/37 0.352 02/25/2037 8,090,000 6,573,559
T-Mobile USA, Inc., 6.731%, 4/28/22 6.731 04/28/2022 1,300,000 1,439,564
NANA Development Corp., 9.5%, 3/15/19 (144A) 9.5 03/15/2019 1,475,000 1,479,384
Agrokor dd, 8.875%, 2/1/20 (144A) 8.875 02/01/2020 1,960,000 2,272,579
Alfa Bank OJSC Via Alfa Bond Issuance Plc, 7.5%, 9/26/19 (144A) 7.5 09/26/2019 4,000,000 4,204,167
JBS Finance II, Ltd., 8.25%, 1/29/18 (144A) 8.25 01/29/2018 4,690,000 5,134,768
EPL Oil & Gas, Inc., 8.25%, 2/15/18 8.25 02/15/2018 4,980,000 5,483,810
Meritor, Inc., 6.75%, 6/15/21 6.75 06/15/2021 3,150,000 3,397,590
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 4,400,000 4,463,556
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 6.75 12/01/2021 1,375,000 1,468,672
Cengage Learning Holdings II LP     11,492 406,530
JP Morgan Mortgage Trust 2005-A1, Floating Rate Note, 2/25/35 2.9534 02/25/2035 5,923,886 2,344,753
Agrokor dd, 9.875%, 5/1/19 (144A) 9.875 05/01/2019 3,200,000 4,980,620
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 1.125 09/01/2018 1,000,000 1,128,750
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 9.25 06/01/2021 2,800,000 3,094,583
Accudyne Industries Borrower, 7.75%, 12/15/20 (144A) 7.75 12/15/2020 1,995,000 2,141,522
Cemex Finance LLC, 6.0%, 4/1/24 (144A) 6.0 04/01/2024 600,000 633,750
Kane Flt% 30jul16   07/30/2016 1,006,000 1,019,581
Golar LNG Partners LP, Floating Rate Note, 10/12/17 6.96 10/12/2017 12,000,000 2,089,352
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 10,650,000 13,125,635
Equinix, Inc., 5.375%, 4/1/23 5.375 04/01/2023 2,910,000 3,014,578
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 8.5262 01/05/2017 800,000 862,437
Inter-American Development Bank, 4.5%, 2/4/16 4.5 02/04/2016 11,650,000,000 964,027
IAP Worldwide Services, Inc., Term Loan (First Lien), 12/31/15 10.0 12/31/2015 1,926,073 558,561
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 6.75 05/02/2018 1,291,609 1,300,085
Blue Danube II, Ltd., Floating Rate Note, 5/23/16 (Cat Bond) (144A) 0.0234 05/23/2016 725,000 735,026
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 6,150,000 6,584,344
Rosetta Resources, Inc., 5.875%, 6/1/24 5.875 06/01/2024 1,935,000 2,022,505
Vimpel Communications Via VIP Finance Ireland, Ltd. OJSC, 7.748%, 2/2/21 (144A) 7.748 02/02/2021 7,800,000 8,771,631
Turkiye Is Bankasi, 6.0%, 10/24/22 (144A) 6.0 10/24/2022 1,500,000 1,517,500
CarNow Auto Receivables Trust 2012-1, 6.9%, 11/15/16 (144A) 6.9 11/15/2016 675,000 678,205
Monitronics International, Inc., Term B Loan (2013), 3/23/18 4.25 03/23/2018 2,263,118 2,270,898
Mexican Udibonos, 3.5%, 12/14/17 3.5 12/14/2017 2,050,000 888,097
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 4.25 05/31/2019 1,039,503 1,040,672
Horizon Lines, Inc.     2,370,345 947,901
Windstream Corp., 6.375%, 8/1/23 6.375 08/01/2023 1,760,000 1,830,950
Fresnillo Plc, 5.5%, 11/13/23 (144A) 5.5 11/13/2023 1,825,000 1,920,508
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 17.9804 01/07/2015 1,250,000 1,370,378
Access Flt% 24jun21 144a 9.25 06/24/2021 3,485,000 3,457,220
Wells Enterprises, Inc., 6.75%, 2/1/20 (144A) 6.75 02/01/2020 1,144,000 1,234,805
DAE Aviation Holdings, Inc., Replacement Tranche B-1 Loan, 11/2/18 5.0 11/02/2018 3,777,207 3,822,062
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 7,165,000 7,634,556
Nara Cable Funding, Ltd., 8.875%, 12/1/18 (144A) 8.875 12/01/2018 1,600,000 1,719,833
Csgrpe 5.375% 15jul22 144a 5.375 07/15/2022 2,535,000 2,547,675
Iadb 7.25% 17jul17 7.25 07/17/2017 5,140,000,000 432,270
BreitBurn Energy Partners LP, 7.875%, 4/15/22 7.875 04/15/2022 2,830,000 3,110,524
Suntech Power Holdings Co, Ltd., 0.0%, 3/15/13 0.0 03/15/2049 535,000 190,074
Mrfgbz 6.875% 24jun19 144a 6.875 06/24/2019 3,615,000 3,661,405
FPL Energy National Wind Portfolio LLC, 6.125%, 3/25/19 (144A) 6.125 03/25/2019 1,865,000 84,325
USI, Inc. New York, 7.75%, 1/15/21 (144A) 7.75 01/15/2021 4,900,000 5,209,857
Post Holdings, Inc., 6.0%, 12/15/22 (144A) 6.0 12/15/2022 5,340,000 5,472,610
Amsurg Corp Bridge L + 6% 29may15 1.75 05/29/2015 3,135,000 3,150,675
Indonesia Treasury Bond, 8.25%, 6/15/32 8.25 06/15/2032 81,459,000,000 6,483,561
Murray Energy Corp., 8.625%, 6/15/21 (144A) 8.625 06/15/2021 1,900,000 2,064,033
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/22/2020 696,116 700,467
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 4.4 04/15/2019 1,000,000 1,011,500
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 7.875 10/15/2019 3,045,000 3,429,063
Denbury Resources, Inc., 5.5%, 5/1/22 5.5 05/01/2022 3,695,000 3,812,573
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 4.75 01/31/2021 2,543,625 2,560,583
American Home Mortgage Investment Trust 2005-1, Floating Rate Note, 6/25/45 2.3219 06/25/2045 8,800,000 913,282
Prince Mineral Holding Corp., 11.5%, 12/15/19 (144A) 12.0 12/15/2019 1,560,000 1,767,220
Newhall Land Development LLC     161,215 725,468
Empresa Distribuidora Y Comercializadora Norte, 9.75%, 10/25/22 (144A) 9.75 10/25/2022 811,000 638,967
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 8.75 05/15/2018 6,950,000 9,981,492
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 5.75 06/17/2017 1,034,998 1,037,715
International Finance Corp., 8.25%, 6/10/21 8.25 06/10/2021 240,670,000 4,236,938
Expro Finance Luxembourg SCA, 8.5%, 12/15/16 (144A) 8.5 12/15/2016 1,297,000 1,360,265
North Atlantic Drilling, Ltd., 6.25%, 2/1/19 (144A) 6.25 02/01/2019 4,100,000 4,156,233
Advanced Micro Devices, Inc., 6.75%, 3/1/19 (144A) 6.75 03/01/2019 5,070,000 5,524,716
Unit Corp., 6.625%, 5/15/21 6.625 05/15/2021 3,765,000 4,051,009
Bayview Opportunity Master Fund Trust 2013-3RPL, 4.0%, 4/28/18 (Step) (144A) 4.0 04/28/2018 1,000,000 996,859
International Finance Corp., 7.75%, 12/3/16 7.75 12/03/2016 241,840,000 4,090,363
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 10.2601 01/08/2015 1,500,000 1,557,765
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 9.0 04/01/2022 2,980,000 3,382,300
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 1,800,000 1,766,813
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 6.2178 02/15/2051 2,100,000 2,191,236
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 5,080,000 4,851,400
Corp Pesquera Inca SAC, 9.0%, 2/10/17 (144A) 9.0 02/10/2017 9,720,000 9,819,630
Grifols Worldwide Operations, Ltd., 5.25%, 4/1/22 (144A) 5.25 04/01/2022 1,740,000 1,832,909
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 11.2601 01/08/2015 1,000,000 1,043,038
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 6,995,000 7,344,021
Lear Corp., 11/9/14   11/09/2014 990 175,438
Trust F, 5.25%, 12/15/24 (144A) 5.25 12/15/2024 2,565,000 2,699,235
CHS, 6.875%, 2/1/22 (144A) 6.875 02/01/2022 7,895,000 8,600,890
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 6.75 03/15/2023 4,750,000 4,801,851
Arlington Flt% 01aug15   08/01/2015 1,450,000 1,461,745
American Energy Partners Inc L + 7.75% 17jun15   06/17/2015 6,970,000 6,970,000
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 3,000,000 3,105,000
Cobalt International Energy, Inc., 2.625%, 12/1/19 2.625 12/01/2019 7,610,000 7,036,872
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.03 03/16/2016 400,000 426,360
The Goodyear Tire & Rubber Co., 7.0%, 5/15/22 7.0 05/15/2022 2,810,000 3,144,234
Mentor Graphics Corp., 4.0%, 4/1/31 4.0 04/01/2031 1,025,000 1,265,234
Pesquera Exalmar S.A.A., 7.375%, 1/31/20 (144A) 7.375 01/31/2020 6,500,000 6,213,571
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 5.135 10/15/2039 1,502,000 1,366,697
Forest City Enterprises, Inc., 4.25%, 8/15/18 4.25 08/15/2018 2,805,000 3,214,686
Metinvest BV, 10.25%, 5/20/15 (144A) 10.25 05/20/2015 4,620,000 4,500,682
Spwr 0.875% 01jun21 144a 0.875 06/01/2021 2,290,000 2,681,844
Akbank TAS, 7.5%, 2/5/18 (144A) 7.5 02/05/2018 4,500,000 2,031,754
The PNC Financial Services Group, Inc., Floating Rate Note, 12/31/49 (Perpetual) 6.75 07/29/2049 13,430,000 15,347,133
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 5,810,000 6,218,314
VimpelCom Holdings BV, 9.0%, 2/13/18 (144A) 9.0 02/13/2018 130,000,000 3,801,272
Lennar Corp., 4.75%, 11/15/22 4.75 11/15/2022 4,450,000 4,454,759
Outr 5.875% 15jun21 144a 5.875 06/15/2021 3,205,000 3,240,544
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 2/3/22 (144A) 0.0 02/03/2022 7,500,000 1,190,625
New World Resources NV, 7.875%, 1/15/21 (144A) 7.875 01/15/2021 1,050,000 282,392
Kodiak Oil & Gas Corp., 8.125%, 12/1/19 8.125 12/01/2019 5,215,000 5,810,922
BTA Bank JSC (G.D.R.) (144A)     24,638 12,073
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 6.125 09/15/2023 3,225,000 3,605,662
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/15/28 (144A) 5.333 02/15/2028 5,250,000 5,403,021
EP Energy LLC, 9.375%, 5/1/20 9.375 05/01/2020 13,700,000 15,900,563
Banco Macro SA, Floating Rate Note, 12/18/36 9.75 12/18/2036 820,000 720,387
Belden, Inc., 5.5%, 4/15/23 (144A) 5.5 04/15/2023 1,800,000 2,611,012
LifePoint Hospitals, Inc., 5.5%, 12/1/21 (144A) 5.5 12/01/2021 4,300,000 4,523,958
Fig 12% 01jul19 144a 12.0 07/01/2019 2,450,000 2,514,313
Altice Finco SA, 8.125%, 1/15/24 (144A) 8.125 01/15/2024 600,000 688,448
Empresa de Telecomunicaciones de Bogota, 7.0%, 1/17/23 (144A) 7.0 01/17/2023 1,626,000,000 827,146
WPE International Cooperatief UA, 10.375%, 9/30/20 (144A) 10.375 09/30/2020 3,495,000 1,926,534
Berau Capital Resources Pte, Ltd., 12.5%, 7/8/15 (144A) 12.5 07/08/2015 11,063,000 12,073,267
GeoPark Latin America, Ltd. Agencia en Chile, 7.5%, 2/11/20 (144A) 7.5 02/11/2020 3,260,000 3,624,033
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 8.0 12/01/2018 9,820,000 10,376,467
CEDC Finance Corp International, Inc., 10.0%, 4/30/18 (PIK) 10.0 04/30/2018 2,274,177 1,948,843
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 797,807 804,788
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 5,120,000 5,490,418
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 7.125   160,000 4,423,840
Provincia de Buenos Aires Argentina, 11.75%, 10/5/15 (144A) 11.75 10/05/2015 2,125,000 2,131,523
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 4,790,000 5,335,727
Ukraine Government International Bond, 7.8%, 11/28/22 (144A) 7.8 11/28/2022 3,500,000 3,332,525
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 6.75 04/15/2022 1,000,000 1,015,375
Banco Nacional de Costa Rica, 6.25%, 11/1/23 (144A) 6.25 11/01/2023 2,000,000 2,070,833
WideOpenWest Finance LLC, Term B Loan, 4/1/19 4.75 03/27/2019 1,349,908 1,357,185
Novellus Systems, Inc., 2.625%, 5/15/41 2.625 05/15/2041 1,750,000 3,547,432
Abengoa Finance SAU, 6.0%, 3/31/21 (144A) 6.0 03/31/2021 2,725,000 3,985,534
City of Buenos Aires Argentina, 12.5%, 4/6/15 (144A) 12.5 04/06/2015 7,300,000 7,643,201
Bdc 5.25% 15jul24 144a 5.25 07/15/2024 1,000,000 1,008,083
Provincia de Neuquen Argentina, 7.875%, 4/26/21 (144A) 7.875 04/26/2021 2,600,000 2,213,798
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 10.625 02/01/2016 5,075,000 4,919,049
ARD Finance SA, 11.125%, 6/1/18 (144A) (PIK) 11.125 06/01/2018 11,876,094 12,680,947
Province of Salta Argentina, 9.5%, 3/16/22 (144A) 9.5 03/16/2022 3,600,000 3,229,824
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 6.375 04/15/2022 2,400,000 2,446,850
Chiquita Brands International, Inc., 7.875%, 2/1/21 7.875 02/01/2021 2,705,000 3,033,827
Minerva Luxembourg SA, 12.25%, 2/10/22 (144A) 12.25 02/10/2022 4,755,000 5,601,291
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 5,850,000 5,845,206
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 8.0304 06/06/2016 550,000 600,466
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 10,345,000 12,191,295
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 6.2804 01/08/2015 250,000 254,350
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 13.5304 02/05/2015 1,925,000 1,948,389
Wells Fargo & Co., 7.5%, 12/31/49 (Perpetual) 7.5   445 540,230
JLL, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 4,755,000 5,066,056
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.75 04/30/2018 2,000,000 1,990,859
Continental Airlines 1998-1 Class B Pass Through Trust, 6.748%, 3/15/17 6.748 03/15/2017 10,600,000 1,348,105
Berau Coal Energy Tbk PT, 7.25%, 3/13/17 (144A) 7.25 03/13/2017 3,750,000 3,719,063
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 9.0304 06/06/2015 750,000 782,663
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 355,600 9,707,880
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 6,450,000 7,055,279
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5 04/30/2018 350,000 343,770
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 8.6152 04/08/2016 750,000 779,271
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 2.25 05/15/2041 1,605,000 1,556,449
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 4,315,000 4,610,917
GCI, Inc., 6.75%, 6/1/21 6.75 06/01/2021 500,000 509,063
Votorantim Cimentos SA, 7.25%, 4/5/41 (144A) 7.25 04/05/2041 3,700,000 3,972,207
Gol Finance, 9.25%, 7/20/20 (144A) 9.25 07/20/2020 7,363,000 7,943,706
VeriSign, Inc., 4.625%, 5/1/23 4.625 05/01/2023 4,430,000 4,410,545
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 4,640,000 4,689,783
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 1,675,000 1,857,761
Altair Re, Floating Rate Note, 4/30/16 (Cat Bond) 0.0 04/30/2016 1,515,236 1,901,166
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 22.0304 06/06/2016 1,850,000 2,239,014
Green Field Energy Services, Inc., 11/15/21 (144A)   11/15/2021 2,275 2,286
Amd 7% 01jul24 144a 7.0 07/01/2024 1,965,000 2,012,488
Sanchez Energy Corp., 7.75%, 6/15/21 (144A) 7.75 06/15/2021 1,500,000 1,632,667
Fx Vanilla Option Call Usd/Put Try 2.95 12 01 2015 Tr   01/12/2015 -4,923,449 -8,144
Windstream Corp., 8.125%, 9/1/18 8.125 09/01/2018 5,700,000 6,139,375
Argid 8.625% 15jun19 144a 8.625 06/15/2019 2,960,000 3,062,274
Kane-Pi2 Zero% 18jul16 0.0 07/18/2016 1,806,000 1,872,100
Jones Energy Holdings LLC, 6.75%, 4/1/22 (144A) 6.75 04/01/2022 1,300,000 1,393,438
Chaparral Energy, Inc., 7.625%, 11/15/22 7.625 11/15/2022 2,596,000 2,828,973
Pro Mach, Inc., Term Loan, 7/6/17 4.5 07/16/2017 1,418,897 1,429,539
Kenya 6.875% 24jun24 144a 6.875 06/24/2024 4,355,000 4,535,022
LKQ Corp., 4.75%, 5/15/23 4.75 05/15/2023 1,250,000 1,240,087
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 5.2855 03/07/2016 1,925,000 1,968,449
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 5.7804 12/06/2016 450,000 468,222
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 12.7804 12/06/2016 1,800,000 1,967,858
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 8.75 09/24/2073 2,995,000 3,597,224
Instituto Costarricense de Electricidad, 6.95%, 11/10/21 (144A) 6.95 11/10/2021 940,000 1,029,155
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 7.5043 03/01/2022 4,875,000 5,380,851
Aria 3.625% 15jun19 144a 3.625 06/15/2019 1,675,000 1,632,170
Virtual Radiologic Corp., Term Loan A, 12/22/16 7.2514 11/03/2016 1,427,063 1,041,756
Ferrexpo Finance Plc, 7.875%, 4/7/16 (144A) 7.875 04/07/2016 11,475,000 11,226,853
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 7.25 06/01/2020 3,850,000 3,950,260
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 800,000 874,489
Mbnau 9.5% 20may19 144a 9.5 05/20/2019 1,571,667 1,582,036
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 5.75 12/15/2018 1,850,000 1,947,228
Ukraine Government International Bond, 6.75%, 11/14/17 (144A) 6.75 11/14/2017 575,000 553,617
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 2,350,000 2,479,720
Numericable Group SA, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 1,250,000 1,311,042
Ardagh Packaging Finance Plc, 9.125%, 10/15/20 (144A) 9.125 10/15/2020 5,000,000 5,633,819
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 2,770,000 3,011,144
TAL Education Group, 2.5%, 5/15/19 (144A) 2.5 05/15/2019 1,270,000 1,574,359
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 4.0253 05/18/2016 1,450,000 1,469,543
Kane Flt% 14jul15   07/14/2015 814,976 769,908
Cia de Transporte de Energia Electrica en Alta Tension Transener SA, 9.75%, 8/15/21 (144A) 9.75 08/15/2021 5,681,000 4,583,620
BR Malls International Finance, Ltd., 8.5%, 12/31/49 (Perpetual) (144A) 8.5 01/29/2049 4,025,000 4,272,649
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/22/2020 417,670 420,280
BLAZE RECYCLING & METALS LLC/ BLAZE FINANCE CORP     6,615,974 396,958
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 3,500,000 3,509,333
Kenya 5.875% 24jun19 144a 5.875 06/24/2019 4,350,000 4,444,144
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 6.1632 05/15/2046 775,000 819,015
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 6.55 04/25/2037 1,500,000 1,484,893
CEDC Finance Corp International, Inc., 9.0%, 4/30/18 (Step) 9.0 04/30/2018 4,829,992 4,617,741
Ghana Government Bond, 19.24%, 5/30/16 19.24 05/30/2016 5,400,000 1,516,095
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.5175 04/09/2015 900,000 917,998
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 9,652,000 10,146,263
LDK Solar Co, Ltd., 10.0%, 2/28/14 10.0 02/28/2014 14,000,000 599,181
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 5,685,000 5,642,402
Hunter Defense Technologies, Inc., Term Loan, 8/22/14 3.48 08/22/2014 1,462,095 1,403,611
NSG Holdings LLC, 7.75%, 12/15/25 (144A) 7.75 12/15/2025 357,000 386,790
Seagate HDD Cayman, 4.75%, 6/1/23 (144A) 4.75 06/01/2023 6,925,000 7,004,349
Digicel Group, Ltd., 8.25%, 9/30/20 (144A) 8.25 09/30/2020 3,600,000 3,999,075
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 3,370,000 3,602,530
Unison Ground Lease Funding LLC, 5.78%, 3/15/20 (144A) 5.78 03/15/2020 2,750,000 2,834,956
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 9.875 02/01/2020 6,800,000 7,555,792
TI Group Automotive Systems LLC, Additional Term Loan, 3/28/19 5.5 03/27/2019 3,111,798 3,127,319
Vanguard Natural Resources LLC, 7.875%, 4/1/20 7.875 04/01/2020 1,245,000 1,372,223
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 4,990,000 5,466,129
Lease Investment Flight Trust, Floating Rate Note, 7/15/31 0.5418 07/15/2031 12,652,000 6,205,589
DynCorp International, Inc., 10.375%, 7/1/17 10.375 07/01/2017 2,158,000 2,367,056
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 24,000,000 26,460,167
NeuStar, Inc., 4.5%, 1/15/23 4.5 01/15/2023 1,700,000 1,505,775
Metinvest BV, 8.75%, 2/14/18 (144A) 8.75 02/14/2018 11,350,000 10,252,439
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 4.25 12/07/2019 1,858,822 1,865,793
Amortizing Residential Collateral Trust 2002-BC1, Floating Rate Note, 1/25/32 1.427 01/25/2032 8,200,000 314,268
Mexican Udibonos, 2.0%, 6/9/22 2.0 06/09/2022 44,000,000 17,328,630
International Finance Corp., 5.0%, 12/21/15 5.0 12/21/2015 11,200,000 4,859,923
IRSA Inversiones y Representaciones SA, 8.5%, 2/2/17 (144A) 8.5 02/02/2017 8,405,000 8,572,096
Juniper Generation LLC, 6.79%, 12/31/14 (144A) 6.79 12/31/2014 2,850,000 70,406
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 6.5 12/15/2020 2,100,000 2,226,817
Towergate Finance Plc, Floating Rate Note, 2/15/18 (144A) 6.0271 02/15/2018 1,200,000 2,019,626
Alaltd Flt% 07jun17 144a   06/07/2017 250,000 250,525
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 6.0 12/15/2020 2,050,000 2,164,096
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 6.75 07/15/2021 1,230,000 1,369,759
Romania Government Bond, 5.85%, 4/26/23 5.85 04/26/2023 24,770,000 8,647,154
Panolam Holdings Co.     894 700,002
Immucor, Inc., 11.125%, 8/15/19 11.125 08/15/2019 3,200,000 3,702,489
WebMD Health Corp., 1.5%, 12/1/20 (144A) 1.5 12/01/2020 3,750,000 4,178,906
Fts International Inc 1st Lien Term L + 4.75% 01apr21 5.75 04/01/2021 1,300,000 1,315,708
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 4,675,000 5,351,966
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 8.5152 05/09/2016 900,000 933,928
T-Mobile USA, Inc., 6.633%, 4/28/21 6.633 04/28/2021 1,940,000 2,154,739
KazMunayGas National Co JSC, 4.4%, 4/30/23 (144A) 4.4 04/30/2023 1,000,000 987,956
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 7.0 11/15/2020 2,400,000 442,141
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 0.0062 11/10/2016 650,000 701,953
Altice SA, 7.75%, 5/15/22 (144A) 7.75 05/15/2022 2,025,000 2,184,792
Intel 6.625% 15dec22 6.625 12/15/2022 6,300,000 6,594,175
Energy Transfer Equity LP, 5.875%, 1/15/24 (144A) 5.875 01/15/2024 2,790,000 3,010,710
Cemex SAB de CV, 3.75%, 3/15/18 3.75 03/15/2018 9,300,000 14,209,625
WireCo WorldGroup, Inc., 9.5%, 5/15/17 9.5 05/15/2017 1,100,000 1,143,603
Pacific Rubiales Energy Corp., 5.375%, 1/26/19 (144A) 5.375 01/26/2019 7,570,000 8,134,727
Eqty14-Inmz Flt% 08may31 M 4.901 05/08/2031 840,000 841,488
inVentiv Health, Inc., Consolidated Term Loan, 8/4/16 7.5 08/04/2016 1,115,878 1,122,853
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 5,000,000 5,350,833
CommScope, Inc., 5.5%, 6/15/24 (144A) 5.5 06/15/2024 1,405,000 1,434,485
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 8,870,000 8,918,046
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 6.5 04/15/2021 4,025,000 4,171,633
Standard Aero, Ltd., Replacement Tranche B-2 Loan, 11/2/18 5.0 11/02/2018 1,712,338 1,733,742
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 3,533 219,209
East Lane Re, Ltd., Floating Rate Note, 3/13/15 (Cat Bond) (144A) 6.6804 03/13/2015 750,000 763,190
Lam Research Corp., 1.25%, 5/15/18 1.25 05/15/2018 3,400,000 4,650,681
Pva 6% 31dec49 144a Perpetual 6.0 12/31/2049 16,300 1,949,643
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 5.0 10/04/2019 980,094 986,219
Sabine Pass Liquefaction LLC, 5.75%, 5/15/24 (144A) 5.75 05/15/2024 1,935,000 2,029,909
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 6.2273 04/10/2015 250,000 257,570
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.5175 04/09/2015 2,000,000 2,028,583
FTS International, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 2,680,000 2,775,196
Ormat Funding Corp., 8.25%, 12/30/20 8.25 12/30/2020 10,665,000 5,636,473
Surgery Center Holdings, Inc., Term Loan (First Lien), 4/11/19 6.0 04/11/2019 1,872,000 1,881,360
QR Energy LP, 9.25%, 8/1/20 9.25 08/01/2020 2,450,000 2,771,052
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 8.25 06/07/2021 12,660,000 14,248,830
Hilcrp 5% 01dec24 144a 5.0 12/01/2024 3,790,000 3,790,000
Sector Re V, Ltd., 0.0%, 12/1/17 (Cat Bond) (144A) 0.0 12/01/2017 13,799 0
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 6.375 09/01/2024 1,900,000 2,133,938
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 8.0 05/02/2018 3,500,000 2,933,389
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 0.5 04/15/2019 1,945,000 2,060,917
INEOS Group Holdings SA, 5.75%, 2/15/19 (144A) 5.75 02/15/2019 4,325,000 6,242,303
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 4,000,000 4,322,500
Hunter Defense Technologies, Inc., Series 1 New Term Loan, 8/22/14 6.48 08/22/2014 1,941,681 1,873,722
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 5.55 10/28/2020 4,000,000 4,058,850
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 8.5 05/15/2018 7,490,000 7,917,762
Grupo Papelero Scribe SA de CV, 8.875%, 4/7/20 (144A) 8.875 04/07/2020 100,000 103,357
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.4253 01/09/2017 1,500,000 1,554,542
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 10/09/2017 1,097,346 1,106,948
Vertafore, Inc., Term Loan (Second Lien), 10/29/17 9.75 10/18/2017 3,500,000 3,571,096
Argid 8.375% 15jun19 144a 8.375 06/15/2019 400,000 555,721
Provincia de Buenos Aires Argentina, 10.875%, 1/26/21 (144A) 10.875 01/26/2021 3,025,000 3,030,514
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 2,880,000 3,190,474
Belvedere SA, 12/23/16   12/23/2016 5,578,091 458,385
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 8.625 11/01/2018 2,835,000 3,074,203
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 7.5 09/15/2020 2,000,000 2,239,167
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 1,029,538 1,031,469
InterGen NV, 7.0%, 6/30/23 (144A) 7.0 06/30/2023 1,500,000 1,601,542
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond)   05/25/2018 1,600,000 1,584,160
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 4.0 05/26/2053 1,300,000 969,304
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.0203 02/25/2015 1,950,000 1,970,323
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 11.5 02/15/2018 10,175,000 5,469,345
CommScope, Inc., 5.0%, 6/15/21 (144A) 5.0 06/15/2021 1,475,000 1,510,851
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 10.581 04/09/2015 300,000 309,199
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 9.25 01/24/2020 4,400,000 4,324,497
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,000,000 1,012,900
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 16.275 11/10/2015 950,000 986,356

The portfolio is actively managed, and current holdings may be different.

For fund descriptions, historical and current performance, standardized returns as of the most recent quarter-end, risk disclosure or a prospectus, please click here.

Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus.

You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.

 

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.

U.S. Home | Global Home | Site Map | Careers | Privacy and Security | Legal | Business Continuity
Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA. 02109. Underwriter of Pioneer mutual funds, Member SIPC © 2014 Pioneer Investments.