Pioneer Investments: Pioneer Strategic Income Fund


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Pioneer Strategic Income Fund

Monthly Portfolio Holdings as of 8/29/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
Fannie Mae, 5.5%, 3/1/36 5.5 03/01/2036 900,090 112,731
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 3.75 09/04/2018 4,808,432 4,809,875
First Horizon Mortgage Pass-Through Trust 2005-AR2, Floating Rate Note, 6/25/35 2.5687 06/25/2035 16,257,000 3,190,265
Government National Mortgage Association I, 5.5%, 3/15/37 5.5 03/15/2037 5,905,797 264,819
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 1.125 09/01/2018 6,690,000 7,467,503
Entercom Radio LLC, Term B-2 Loan, 11/23/18 4.0 11/23/2018 1,344,410 1,345,755
Government National Mortgage Association I, 5.0%, 11/15/16 5.0 11/15/2016 1,229,667 51,082
Government National Mortgage Association I, 6.5%, 7/15/32 6.5 07/15/2032 800,000 10,745
Mohawk Industries, Inc., 3.85%, 2/1/23 3.85 02/01/2023 3,450,000 3,488,300
Government National Mortgage Association I, 4.5%, 9/15/33 4.5 09/15/2033 2,256,215 355,634
RALI Series 2003-QS14 Trust, 5.0%, 7/25/18 5.0 07/25/2018 8,600,000 576,935
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 4.0 03/28/2021 1,350,000 1,345,781
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.4325 01/09/2017 6,150,000 6,378,712
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 2.205 09/18/2031 2,400,000 2,370,038
RALI Series 2003-QS1 Trust, 5.0%, 1/25/33 5.0 01/25/2033 20,000,000 181,538
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 2/25/34 2.5252 02/25/2034 1,200,000 27,662
Fannie Mae, 6.5%, 10/1/32 6.5 10/01/2032 511,093 25,485
Fannie Mae, 4.0%, 5/1/42 4.0 05/01/2042 530,000 466,159
NSG Holdings LLC, New Term Loan, 12/11/19 3.75 11/15/2019 3,971,254 3,941,470
Tyco Electronics Group SA, 6.55%, 10/1/17 6.55 10/01/2017 4,485,000 5,260,235
Alkermes, Inc., 2019 Term Loan, 9/25/19 3.5 09/25/2019 687,750 684,598
Fannie Mae, 7.0%, 2/1/29 7.0 02/01/2029 43,569 639
Fannie Mae, 3.5%, 11/1/42 3.5 11/01/2042 1,050,000 994,802
Alternative Loan Trust 2004-4CB, 4.25%, 4/25/34 4.25 04/25/2034 12,915,000 563,584
Government National Mortgage Association I, 6.0%, 1/15/17 6.0 01/15/2017 5,010,192 70,444
FREMF Mortgage Trust 2012-K708, Floating Rate Note, 2/27/45 (144A) 3.8906 02/25/2045 25,000 25,447
American Homes 4 Rent 2014-SFR1, Floating Rate Note, 6/19/31 (144A) 1.6 06/19/2031 2,435,000 2,397,834
Fannie Mae, 4.0%, 8/1/43 4.0 08/01/2043 4,563,130 4,692,068
Remy International, Inc., Term B Loan 2013, 3/5/20 4.25 02/28/2020 4,762,763 4,756,809
Merrill Lynch Mortgage Investors Trust Series 2005-2, Floating Rate Note, 10/25/35 2.35 10/25/2035 4,594,419 1,187,152
Government National Mortgage Association I, 6.0%, 8/15/32 6.0 08/15/2032 6,200,000 275,488
Government National Mortgage Association I, 6.5%, 6/15/32 6.5 06/15/2032 150,000 7,845
Queen City Re, Floating Rate Note, 1/6/19 (Cat Bond) (144A) 3.5304 01/06/2019 1,000,000 1,001,656
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 3.75 05/20/2020 6,238,200 6,229,916
Government National Mortgage Association I, 7.0%, 5/15/29 7.0 05/15/2029 135,001 1,003
Government National Mortgage Association I, 6.5%, 12/15/31 6.5 12/15/2031 50,173 558
Turkiye Garanti Bankasi AS, 7.375%, 3/7/18 (144A) 7.375 03/07/2018 14,400,000 6,169,162
Bway Holding Co 1st Lien Tl-B L + 4.5% 08aug20 5.5 08/08/2020 1,160,000 1,170,875
CCO Holdings LLC, 6.625%, 1/31/22 6.625 01/31/2022 10,705,000 11,553,059
Government National Mortgage Association I, 4.5%, 4/15/35 4.5 04/15/2035 864,262 170,836
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 8.25 06/07/2021 3,635,000 4,158,516
Altisource Solutions Sarl, Term B Loan, 12/9/20 4.5 12/09/2020 2,500,000 2,412,500
Digital Realty Trust, Inc., 5.875% (Perpetual) 5.875   100,000 2,313,000
Government National Mortgage Association I, 5.5%, 10/15/19 5.5 10/15/2019 300,000 46,762
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 3,050,000 2,445,674
Houghton Mifflin Harcourt Publishing Co., Term Loan, 5/22/18 4.25 05/22/2018 2,272,688 2,279,790
Altrl Flt% 30jun16   06/30/2016 13,000,000 13,611,000
U.S. Treasury Bonds, 4.375%, 11/15/39 4.375 11/15/2039 23,290,000 29,321,430
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6.75 10/01/2020 2,475,000 2,321,395
Fannie Mae, 5.0%, 4/1/22 5.0 04/01/2022 327,117 17,985
FREMF Mortgage Trust 2011-K701, Floating Rate Note, 7/25/48 (144A) 4.4355 07/25/2048 4,100,000 4,331,891
Government National Mortgage Association I, 5.5%, 3/15/37 5.5 03/15/2037 2,000,000 239,210
CVS Pass-Through Trust, 5.773%, 1/10/33 (144A) 5.773 01/10/2033 6,090,000 6,403,509
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.75 07/25/2019 5,429,176 5,452,929
CEMEX Espana SA, 9.875%, 4/30/19 (144A) 9.875 04/30/2019 5,098,000 5,954,039
Microsemi Corp., Term Loan (2014), 3/14/21 3.25 03/14/2021 1,852,642 1,841,526
W&T Offshore, Inc., 8.5%, 6/15/19 8.5 06/15/2019 3,170,000 3,448,035
Marfrig Holding Europe BV, 8.375%, 5/9/18 (144A) 8.375 05/09/2018 4,150,000 4,516,540
VOLT XXIV LLC, 3.25%, 11/25/53 (Step) 3.25 11/25/2053 6,000,000 4,931,735
Indianapolis Airport Authority, 5.1%, 1/15/17 5.1 01/15/2017 3,450,000 3,805,471
Sappi Papier Holding GmbH, 6.625%, 4/15/21 (144A) 6.625 04/15/2021 1,100,000 1,182,328
CSM Bakery Solutions LLC, Term Loan (First Lien), 7/3/20 5.0 05/23/2020 3,242,250 3,236,845
Agrokor dd, 8.875%, 2/1/20 (144A) 8.875 02/01/2020 50,000 55,862
Fannie Mae, 6.0%, 12/1/32 6.0 12/01/2032 3,234,929 83,730
Federal Home Loan Mortgage Corp., 3.5%, 8/1/43 3.5 08/01/2043 6,782,428 6,775,200
Government National Mortgage Association I, 6.5%, 9/15/32 6.5 09/15/2032 500,414 49,107
Banco de Credito del Peru Panama, Floating Rate Note, 9/16/26 (144A) 6.875 09/16/2026 10,210,000 11,676,447
Fannie Mae, 5.5%, 2/1/33 5.5 02/01/2033 500,000 7,263
Bayview Commercial Asset Trust, 0.0%, 7/25/37 (Step) (144A) 0.0 07/25/2037 49,000,000 0
CHS, 2021 Term D Loan, 1/27/21 4.25 01/27/2021 6,144,723 6,170,648
Liberty Mutual Group, Inc., 5.0%, 6/1/21 (144A) 5.0 06/01/2021 6,970,000 7,791,248
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 6.75 07/15/2021 15,875,000 17,278,945
Newhall Land Development LLC     269,588 1,210,855
Enterprise Products Operating LLC, Floating Rate Note, 8/1/66 8.375 08/01/2066 3,683,000 4,138,298
Buckeye Partners LP, 6.05%, 1/15/18 6.05 01/15/2018 1,770,000 2,003,444
Yavapai County Industrial Development Authority, Floating Rate Note, 3/1/28 4.9 03/01/2028 1,400,000 1,479,553
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/22/2020 2,589,552 2,605,736
Emdeon, Inc., Term B-2 Loan, 11/2/18 3.75 11/02/2018 1,964 1,960
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 8.0 12/01/2018 3,875,000 4,106,639
Standard Chartered Plc, 3.95%, 1/11/23 (144A) 3.95 01/11/2023 5,400,000 5,432,953
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 6,425,000 6,899,986
Government National Mortgage Association II, 6.0%, 5/20/32 6.0 05/20/2032 3,000,000 99,316
Fannie Mae, 4.5%, 10/1/43 4.5 10/01/2043 6,481,868 6,131,136
BCAP LLC 2010-RR10 Trust REMICS, Floating Rate Note, 12/27/34 (144A) 2.4614 12/27/2034 0 0
Blackstone Holdings Finance Co LLC, 4.75%, 2/15/23 (144A) 4.75 02/15/2023 5,375,000 5,986,026
Federal Home Loan Mortgage Corp., 4.5%, 11/1/43 4.5 11/01/2043 4,841,006 4,375,829
Federal Home Loan Mortgage Corp., 5.0%, 11/1/39 5.0 11/01/2039 39,051,129 12,630,436
Intel Corp., 2.95%, 12/15/35 2.95 12/15/2035 13,987,000 18,216,611
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 6.8855 04/07/2017 6,300,000 6,649,281
Novatek OAO via Novatek Finance, Ltd., 4.422%, 12/13/22 (144A) 4.422 12/13/2022 15,700,000 13,532,743
Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates 2005-5, Floating Rate Note, 1 0.405 12/25/2035 15,800,000 1,725,159
Navistar, Inc., Tranche B Term Loan, 8/17/17 5.75 07/31/2017 400,000 403,913
Houston Higher Education Finance Corp., 5.0%, 5/15/40 5.0 05/15/2040 4,700,000 5,420,432
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 5,000,000 5,385,156
Irvine Core Office Trust 2013-IRV, Floating Rate Note, 5/15/48 (144A) 3.1731 05/15/2048 6,944,736 6,972,672
Alternative Loan Trust 2003-16T1, 5.25%, 9/25/33 5.25 09/25/2033 7,855,000 3,736,745
Essar Steel Algoma, Inc., Term Loan, 9/19/14 10.25 09/12/2014 564,938 567,409
Fannie Mae, 6.5%, 12/1/21 6.5 12/01/2021 8,650,000 163,842
Lion I Re, Ltd., Floating Rate Note, 4/28/17 (Cat Bond) (144A) 2.459 04/28/2017 1,300,000 1,710,108
Sunoco, Inc., 9.625%, 4/15/15 9.625 04/15/2015 25,000 27,178
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 13,000,000 14,088,028
Export-Import Bank of Korea, 5.875%, 1/14/15 5.875 01/14/2015 1,900,000 1,950,264
Star Energy Geothermal Wayang Windu, Ltd., 6.125%, 3/27/20 (144A) 6.125 03/27/2020 7,850,000 8,308,135
US Bancorp, Floating Rate Note (Perpetual) 6.0   783,175 21,451,163
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 13.5304 02/05/2015 400,000 416,620
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 8.0 05/02/2018 3,750,000 2,826,458
WaMu Mortgage Pass-Through Certificates Series 2004-AR14 Trust, Floating Rate Note, 1/25/35 2.3967 01/25/2035 44,086,340 9,655,864
GSR Mortgage Loan Trust 2005-AR1, Floating Rate Note, 1/25/35 2.6678 01/25/2035 12,727,000 2,862,032
Sunoco Logistics Partners Operations LP, 6.1%, 2/15/42 6.1 02/15/2042 10,390,000 12,202,532
Fannie Mae, 5.0%, 1/1/39 5.0 01/01/2039 27,744,910 3,026,511
NSG Holdings LLC, 7.75%, 12/15/25 (144A) 7.75 12/15/2025 2,879,000 3,155,804
Lorillard Tobacco Co., 3.75%, 5/20/23 3.75 05/20/2023 4,700,000 4,722,963
NuStar Logistics LP, Floating Rate Note, 1/15/43 7.625 01/15/2043 280,950 7,585,650
MedAssets, Inc., Term B Loan, 12/13/19 4.0 11/20/2019 1,732,800 1,729,537
Federal Home Loan Mortgage Corp., 4.5%, 3/1/44 4.5 03/01/2044 87,965 87,354
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 0.0   5,351,000 4,369,841
Fannie Mae, 3.5%, 12/1/25 3.5 12/01/2025 19,734,423 6,815,166
Cronos Containers Program, Ltd., 3.81%, 9/18/27 (144A) 3.81 09/18/2027 3,500,000 2,834,771
GS Mortgage Securities Trust 2006-GG8 REMICS, 5.56%, 11/10/39 5.56 11/10/2039 4,000,000 4,311,480
U.S. Treasury Notes, 2.5%, 5/15/24 2.5 05/15/2024 40,000,000 40,862,641
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 5.75 11/09/2018 3,156,908 3,166,774
Hexion US Finance Corp., 8.875%, 2/1/18 8.875 02/01/2018 3,590,000 3,750,291
Prudential Financial, Inc., Floating Rate Note, 6/15/43 5.625 06/15/2043 11,240,000 12,186,619
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 4.25 05/31/2019 3,375,909 3,373,377
Red de Carreteras de Occidente SAPIB de CV, 9.0%, 6/10/28 (144A) 9.0 06/10/2028 87,500,000 6,607,577
Vedanta Resources Jersey, Ltd., 5.5%, 7/13/16 5.5 07/13/2016 11,800,000 12,120,731
Sequoia Mortgage Trust 2013-7, Floating Rate Note, 6/25/43 3.0 06/25/2043 7,399,368 6,831,382
Volcan Cia Minera SAA, 5.375%, 2/2/22 (144A) 5.375 02/02/2022 3,360,000 3,441,247
Nsany Cp Zero% 24sep14 Usd 0.0 09/24/2014 7,225,000 7,223,846
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 5.875 03/30/2033 6,215,000 6,631,276
Alternative Loan Trust 2004-2CB, 5.75%, 3/25/34 5.75 03/25/2034 1,878,000 3,547,678
Embarcadero Reinsurance, Ltd., Floating Rate Note, 8/7/15 (Cat Bond) (144A) 5.0304 08/07/2015 5,300,000 5,424,763
Banc of America Mortgage Trust 2004-11, 5.75%, 1/25/35 5.75 01/25/2035 36,821,000 3,813,936
Aeroflex, Inc., Tranche B-1 Term Loan, 11/9/19 4.5 11/24/2019 8,631,098 8,661,591
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 1/21/20 (144A) 0.0 01/21/2020 2,275,000 643,351
Lincoln National Corp., 8.75%, 7/1/19 8.75 07/01/2019 2,600,000 3,384,676
Banc of America Mortgage 2003-I Trust, Floating Rate Note, 10/25/33 2.8185 10/25/2033 24,096,000 5,234,452
Fannie Mae, 4.0%, 2/1/43 4.0 02/01/2043 2,200,000 1,764,236
Univar, Inc., Term B Loan, 6/30/17 5.0 02/14/2017 6,445,365 6,462,149
Scotiabank Peru SAA, Floating Rate Note, 12/13/27 (144A) 4.5 12/13/2027 11,145,000 10,863,867
RALI Series 2002-QS14 Trust, 5.5%, 9/25/32 5.5 09/25/2032 2,400,000 706,662
Masco Corp., 7.125%, 3/15/20 7.125 03/15/2020 14,465,000 17,107,123
Protective Life Corp., 7.375%, 10/15/19 7.375 10/15/2019 7,805,000 9,860,472
Tidewater Auto Receivables Trust 2012-A, 2.83%, 10/15/19 2.83 10/15/2019 600,000 607,807
Government National Mortgage Association I, 4.5%, 3/15/38 4.5 03/15/2038 15,595,138 3,832,863
MetLife, Inc., 6.4%, 12/15/66 6.4 12/15/2036 5,875,000 6,702,396
Merrill Lynch Mortgage Investors Trust Series MLCC 2004-D REMICS, Floating Rate Note, 9/25/29 0.935 09/25/2029 6,295,000 1,119,583
LSTAR Commercial Mortgage Trust, Floating Rate Note, 6/25/43 (144A) 5.3392 06/25/2043 4,920,000 5,032,447
Expedia, Inc., 5.95%, 8/15/20 5.95 08/15/2020 9,760,000 11,064,387
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A) 6.75 04/06/2021 12,763,000 14,763,970
GS Mortgage Securities Corp II, 3.682%, 2/12/46 (144A) 3.682 02/10/2046 4,500,000 4,514,193
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 7,780,000 8,284,890
Hercules Capital Funding Trust 2012-1, 3.32%, 12/16/17 (144A) 3.32 12/16/2017 2,700,000 612,192
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 6.0102 04/10/2015 400,000 410,084
Oak Hill Advisors Residential Loan Trust 2014-NPL1, 2.8828%, 5/25/54 (Step) (144A) 2.8828 05/25/2054 5,870,000 5,150,199
Government National Mortgage Association I, 6.0%, 6/15/33 6.0 06/15/2033 2,500,000 116,796
EP Energy LLC, 9.375%, 5/1/20 9.375 05/01/2020 9,850,000 11,411,122
Federal National Mortgage Association REMICS, 4.5%, 6/25/29 4.5 06/25/2029 4,635,000 4,287,725
BioMed Realty LP, 4.25%, 7/15/22 4.25 07/15/2022 3,865,000 4,039,820
Immucor, Inc., Term B-2 Loan, 8/19/18 5.0 08/19/2018 8,088,204 8,105,051
GTP Cellular Sites LLC, 3.721%, 3/15/17 (144A) 3.721 03/15/2017 3,200,000 3,244,311
Selma Industrial Development Board, 6.25%, 11/1/33 6.25 11/01/2033 3,700,000 4,256,590
Capital Auto Receivables Asset Trust/ Ally, 2.19%, 9/20/21 2.19 09/20/2021 3,165,000 3,165,102
EuroChem Mineral & Chemical Co OJSC via EuroChem GI, Ltd., 5.125%, 12/12/17 (144A) 5.125 12/12/2017 3,650,000 3,544,530
Banc of America Commercial Mortgage Trust 2007-3, Floating Rate Note, 6/10/49 5.7646 06/10/2049 1,400,000 1,452,819
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 7,600,000 7,432,167
Government National Mortgage Association II, 4.5%, 3/20/35 4.5 03/20/2035 4,250,000 841,698
Fannie Mae, 3.5%, 7/1/26 3.5 07/01/2026 23,914,523 9,735,921
EverBank Mortgage Loan Trust, Floating Rate Note, 4/25/43 (144A) 2.5 04/25/2043 10,630,000 8,753,257
Global Mortgage Securitization, Ltd., Floating Rate Note, 4/25/32 (144A) 0.425 04/25/2032 84,170,000 8,326,118
Eaton Vance Corp., 6.5%, 10/2/17 6.5 10/02/2017 19,000 22,159
Texas Municipal Gas Acquisition & Supply Corp III, 5.0%, 12/15/31 5.0 12/15/2031 9,165,000 9,955,084
Newfield Exploration Co., 5.625%, 7/1/24 5.625 07/01/2024 6,125,000 6,801,315
Public Service Co of New Mexico, 7.95%, 5/15/18 7.95 05/15/2018 3,725,000 4,561,384
Alternative Loan Trust 2003-21T1, 5.75%, 12/25/33 5.75 12/25/2033 14,250,000 6,137,402
ACE Securities Corp Manufactured Housing Trust Series 2003-MH1, Floating Rate Note, 8/15/30 (144A) 6.5 08/15/2030 2,270,000 1,307,620
Fannie Mae, 4.5%, 2/1/44 4.5 02/01/2044 49,392,410 49,812,221
New Residential Mortgage Loan Trust 2014-1, Floating Rate Note, 1/25/54 (144A) 3.75 01/25/2054 8,000,000 7,926,522
Oasis Petroleum, Inc., 6.875%, 3/15/22 6.875 03/15/2022 4,420,000 4,968,126
Turkey Government Bond, 10.5%, 1/15/20 10.5 01/15/2020 10,900,000 5,460,113
First Investors Auto Owner Trust 2013-1, 2.53%, 1/15/20 (144A) 2.53 01/15/2020 1,600,000 1,603,431
CenturyLink, Inc., 6.45%, 6/15/21 6.45 06/15/2021 4,100,000 4,544,594
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 10/09/2017 2,133,794 2,147,130
Cemex SAB de CV, Floating Rate Note, 9/30/15 (144A) 5.2341 09/30/2015 4,700,000 4,879,864
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.7804 06/06/2015 7,100,000 7,551,274
Israel Electric Corp, Ltd., 9.375%, 1/28/20 (144A) 9.375 01/28/2020 1,330,000 1,653,633
Fannie Mae, 4.0%, 11/1/41 4.0 11/01/2041 7,857,077 3,229,584
Terex 1st Lien Tl L + 2.75% 13aug21   08/13/2021 1,647,338 1,648,030
DCT Industrial Operating Partnership LP, 4.5%, 10/15/23 4.5 10/15/2023 7,300,000 7,613,871
New York State Dormitory Authority, 5.0%, 12/15/30 5.0 12/15/2030 12,505,000 14,668,573
JP Morgan Mortgage Trust 2013-2, Floating Rate Note, 5/25/43 (144A) 3.5 05/25/2043 8,923,000 7,759,236
Bear Stearns Commercial Mortgage Securities Trust 2002-TOP6, Floating Rate Note, 10/15/36 (144A) 7.66 10/15/2036 4,400,000 100,640
Dolphin Energy, Ltd., 5.5%, 12/15/21 (144A) 5.5 12/15/2021 3,230,000 3,735,360
KazMunayGas National Co JSC, 4.4%, 4/30/23 (144A) 4.4 04/30/2023 3,500,000 3,563,583
Spirit Master Funding LLC, 5.74%, 3/20/42 (144A) 5.74 03/20/2042 1,250,704 1,399,479
MetroPCS Wireless, Inc., 6.625%, 11/15/20 6.625 11/15/2020 4,915,000 5,255,722
Sequoia Mortgage Trust 2013-8, Floating Rate Note, 6/25/43 2.25 06/25/2043 3,748,000 3,192,620
Vanguard Natural Resources LLC, 7.875%, 4/1/20 7.875 04/01/2020 3,650,000 3,997,092
SRAM LLC, Term Loan (First Lien), 4/10/20 4.0172 05/12/2018 1,456,729 1,440,341
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 6,050,000 6,022,943
Kinder Morgan Energy Partners LP, 5.95%, 2/15/18 5.95 02/15/2018 5,225,000 5,901,001
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 7,600,000 8,105,083
Sequoia Mortgage Trust 2004-9, Floating Rate Note, 10/20/34 0.4955 10/20/2034 25,450,610 2,731,723
Government National Mortgage Association I, 5.5%, 2/15/35 5.5 02/15/2035 5,109,070 294,071
Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15 REMICS, 2.979%, 4/17/47 2.979 04/17/2047 5,025,000 5,196,452
Fannie Mae, 4.5%, 11/1/43 4.5 11/01/2043 14,886,677 12,517,136
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5203 04/30/2018 1,300,000 1,310,530
Louisiana Local Government Environmental Facilities & Community Development Authority, 6.75%, 11/1/3 6.75 11/01/2032 7,370,000 8,366,295
HHI Holdings LLC, Additional Term Loan, 10/5/18 5.0 10/05/2018 3,077,688 3,090,193
Government National Mortgage Association I, 6.0%, 3/15/33 6.0 03/15/2033 250,000 5,384
Holcim US Finance Sarl & Cie SCS, 6.0%, 12/30/19 (144A) 6.0 12/30/2019 1,900,000 2,231,579
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 6,375,000 6,764,074
Stanley Black & Decker, Inc., Floating Rate Note, 12/15/53 5.75 12/15/2053 8,525,000 9,343,222
Hospitality Properties Trust, 5.0%, 8/15/22 5.0 08/15/2022 8,255,000 8,845,392
Impac CMB Trust Series 2004-6, Floating Rate Note, 10/25/34 0.955 10/25/2034 51,794,000 2,882,027
Kronos, Inc., Incremental Term Loan (First Lien), 10/30/19 4.5 10/02/2019 736,760 738,948
Fannie Mae, 4.5%, 12/1/43 4.5 12/01/2043 4,403,175 4,304,486
Fannie Mae, 4.5%, 12/1/40 4.5 12/01/2040 54,806,862 25,946,891
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 3.5 05/23/2019 214,795 213,157
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.5175 04/09/2015 3,400,000 3,503,917
Russian Federal Bond - OFZ, 7.6%, 7/20/22 7.6 07/20/2022 25,000 604
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 6,200,000 5,786,344
Federal Home Loan Mortgage Corp., 4.0%, 7/1/44 4.0 07/01/2044 2,000,000 2,125,137
Fannie Mae, 5.0%, 6/1/22 5.0 06/01/2022 639,720 44,099
Government National Mortgage Association I, 6.0%, 7/15/17 6.0 07/15/2017 2,966,457 184,230
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 1,328,000 1,500,216
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 4.75 04/24/2021 2,131,988 2,140,516
Government National Mortgage Association I, 5.0%, 6/15/21 5.0 06/15/2021 1,048,281 191,802
WCP Wireless Site Funding, 6.829%, 11/15/15 (144A) 6.829 11/15/2015 6,650,000 6,910,004
Samson Investment Co., Tranche 1 Term Loan (Second Lien), 9/25/18 5.0 09/25/2018 2,350,000 2,329,647
Fannie Mae, 4.0%, 9/1/37 4.0 09/01/2037 1,307,922 986,895
Lehman Brothers Small Balance Commercial Mortgage Trust 2007-3, Floating Rate Note, 10/25/37 (144A) 1.105 10/25/2037 4,690,000 1,343,948
Controladora Mabe SA de CV, 7.875%, 10/28/19 (144A) 7.875 10/28/2019 9,539,000 10,938,252
TAM Capital 3, Inc., 8.375%, 6/3/21 (144A) 8.375 06/03/2021 4,965,000 5,510,006
Fannie Mae, 6.0%, 7/1/17 6.0 07/01/2017 4,000,000 53,615
Macquarie Group, Ltd., 6.0%, 1/14/20 (144A) 6.0 01/14/2020 5,945,000 6,787,862
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A)   07/15/2031 4,775,000 4,778,789
Juniper Generation LLC, 6.79%, 12/31/14 (144A) 6.79 12/31/2014 4,950,000 116,280
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 12,650,000 13,403,070
Baylor University, 4.313%, 3/1/42 4.313 03/01/2042 4,550,000 4,690,118
DBUBS 2011-LC1 Mortgage Trust, Floating Rate Note, 11/13/46 (144A) 5.7303 11/10/2046 2,950,000 3,334,273
Federal Home Loan Mortgage Corp., 4.5%, 11/1/40 4.5 11/01/2040 2,993,000 1,551,245
Government National Mortgage Association I, 6.0%, 11/15/33 6.0 11/15/2033 3,200,000 427,287
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 4.5 05/23/2019 7,408,398 7,399,138
New York State Dormitory Authority, 5.0%, 7/1/40 5.0 07/01/2040 6,100,000 7,030,582
Time Warner Cable, Inc., 8.25%, 4/1/19 8.25 04/01/2019 1,100,000 1,421,393
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 6.5 02/24/2021 3,925,000 4,609,145
Government National Mortgage Association I, 5.5%, 8/15/19 5.5 08/15/2019 711,545 97,139
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/17/28 (144A) 1.955 04/15/2028 6,500,000 6,506,133
First Investors Auto Owner Trust 2013-2, 1.23%, 3/15/19 (144A) 1.23 03/15/2019 1,000,000 641,774
Bear Stearns ARM Trust 2004-6, Floating Rate Note, 9/25/34 2.9169 09/25/2034 23,789,800 2,759,557
Sequa Corp., Initial Term Loan, 6/19/17 5.25 05/29/2017 6,747,250 6,614,417
Aegis Asset Backed Securities Trust 2005-5, Floating Rate Note, 12/25/35 0.425 12/25/2035 11,700,000 3,172,017
JobsOhio Beverage System, 4.532%, 1/1/35 4.532 01/01/2035 4,480,000 4,777,461
Citigroup Capital XIII, Floating Rate Note, 10/30/40 7.875 10/30/2040 919,550 25,048,542
JBS USA LLC, 8.25%, 2/1/20 (144A) 8.25 02/01/2020 4,650,000 5,036,628
Government National Mortgage Association I, 5.75%, 10/15/38 5.75 10/15/2038 1,470,579 529,487
AmeriCredit Automobile Receivables Trust 2011-3, 4.04%, 7/10/17 4.04 07/10/2017 1,600,000 1,654,720
Coveris Holdings SA, USD Term Loan, 4/14/19 5.25 04/14/2019 4,169,050 4,217,690
Santander Bank NA, 8.75%, 5/30/18 8.75 05/30/2018 16,567,000 20,389,073
FREMF Mortgage Trust 2011-K702, Floating Rate Note, 4/25/44 (144A) 4.9361 04/25/2044 8,232,000 8,859,283
DuPont Fabros Technology LP, 5.875%, 9/15/21 5.875 09/15/2021 9,205,000 9,867,089
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 6.375 10/01/2020 125,000 137,048
Hyundai Capital America, 4.0%, 6/8/17 (144A) 4.0 06/08/2017 1,200,000 1,282,936
FREMF Mortgage Trust 2012-K501, Floating Rate Note, 11/26/46 (144A) 3.5998 11/25/2046 2,750,000 2,838,373
Government National Mortgage Association I, 6.0%, 7/15/17 6.0 07/15/2017 6,000,000 134,210
Unifrax I LLC, New Euro Term Loan, 11/28/18 5.25 11/01/2018 3,915,319 5,181,248
DynCorp International, Inc., Term Loan, 7/7/16 6.25 07/07/2016 2,487,204 2,487,826
Macquarie Group, Ltd., 6.25%, 1/14/21 (144A) 6.25 01/14/2021 7,750,000 8,998,417
LDK Solar Co, Ltd., 10.0%, 9/5/14 10.0 02/28/2014 12,000,000 547,757
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 7,011,250 7,059,452
Federal Home Loan Mortgage Corp., 6.0%, 3/1/33 6.0 03/01/2033 500,470 40,309
Croatia Government International Bond, 5.5%, 4/4/23 (144A) 5.5 04/04/2023 7,900,000 8,421,444
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 4.5 04/23/2021 8,960,000 8,859,200
Fannie Mae, 6.0%, 7/1/38 6.0 07/01/2038 2,040,000 195,102
Waste Industries USA, Inc., Term B Loan, 3/17/17 4.0 02/23/2017 3,507,020 3,501,174
Fannie Mae, 5.0%, 7/1/39 5.0 07/01/2039 17,025,069 2,069,022
Virtual Radiologic Corp., Term Loan B, 12/22/16 7.2527 12/22/2016 2,425,000 1,867,250
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 6.75 05/02/2018 1,749,626 1,757,280
Government National Mortgage Association I, 4.5%, 8/15/41 4.5 08/15/2041 17,565,000 8,560,877
GSAA Home Equity Trust 2005-11, Floating Rate Note, 10/25/35 0.405 10/25/2035 26,788,000 4,424,022
Federal Home Loan Mortgage Corp., 4.0%, 2/1/44 4.0 02/01/2044 1,000,000 1,055,219
Alexandria Real Estate Equities, Inc., 3.9%, 6/15/23 3.9 06/15/2023 4,802,000 4,864,426
Fannie Mae, 4.5%, 4/1/41 4.5 04/01/2041 25,000 11,899
FREMF Mortgage Trust 2011-K10 , Floating Rate Note, 11/25/49 (144A) 4.7744 11/25/2049 5,600,000 6,025,466
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 5.5 07/01/2032 4,550,000 6,244,711
BBVA Banco Continental SA, 5.0%, 8/26/22 (144A) 5.0 08/26/2022 50,000 52,778
State Street Corp., Floating Rate Note, 12/31/73 5.9 12/31/2073 236,600 6,175,260
Government National Mortgage Association I, 6.0%, 2/15/33 6.0 02/15/2033 3,907,246 139,318
FREMF Mortgage Trust 2013-K502, Floating Rate Note, 3/27/45 (144A) 3.3098 03/25/2045 1,000,000 1,006,021
Wells Fargo & Co., Floating Rate Note (Perpetual) 7.98 03/29/2049 2,450,000 2,858,109
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 5.4134 06/15/2044 2,000,000 2,163,128
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 1.7703 01/07/2019 950,000 954,671
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 6,646,000 7,055,171
Citicorp Residential Mortgage Trust Series 2007-1, 5.892%, 3/25/37 (Step) 5.892 03/25/2037 7,000,000 5,787,250
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 8.625 02/01/2020 3,220,000 3,355,072
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 8,873,929 8,891,952
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 4.0 12/13/2019 2,400,123 2,394,373
Government National Mortgage Association I, 5.5%, 12/15/18 5.5 12/15/2018 76,282 947
Fannie Mae, 6.5%, 3/1/32 6.5 03/01/2032 124,988 5,170
Fannie Mae, 3.0%, 9/16/14 3.0 09/16/2014 31,800,000 33,008,896
Bank of America Corp., 7.75%, 5/14/38 7.75 05/14/2038 17,800,000 25,338,842
Wells Fargo Commercial Mortgage Trust 2012-LC5, Floating Rate Note, 10/17/45 4.693 10/15/2045 1,775,000 1,875,991
Federal Home Loan Mortgage Corp., 6.0%, 1/1/34 6.0 01/01/2034 1,000,000 113,097
Kane Flt% 14jul15 0.0 07/14/2015 3,056,160 2,913,437
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 (144A) 1.875 09/01/2020 7,685,000 8,803,728
FREMF Mortgage Trust 2011-K14, Floating Rate Note, 2/25/47 (144A) 5.3328 02/25/2047 2,200,000 2,430,069
Government National Mortgage Association I, 4.5%, 6/15/41 4.5 06/15/2041 9,828,676 2,736,425
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (Cat Bond) (144A) 4.025 06/28/2016 3,850,000 3,913,611
Rosneft Finance SA, 6.625%, 3/20/17 (144A) 6.625 03/20/2017 1,395,000 1,463,975
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/15/28 (144A) 5.333 02/15/2028 17,900,000 18,297,775
Valeant Pharmaceuticals International, Inc., 7.5%, 7/15/21 (144A) 7.5 07/15/2021 8,085,000 8,888,447
Conseco Financial Corp., Floating Rate Note, 12/1/28 6.24 12/01/2028 4,121,000 218,791
Banc of America Alternative Loan Trust 2004-4, 5.25%, 5/25/19 5.25 05/25/2034 17,500,000 2,198,161
Federal Home Loan Mortgage Corp., 4.5%, 7/1/40 4.5 07/01/2040 10,363,430 2,928,227
Enel Finance International NV, 5.125%, 10/7/19 (144A) 5.125 10/07/2019 215,000 243,587
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 1/25/35 2.3725 01/25/2035 11,606,000 2,824,925
Government National Mortgage Association I, 5.5%, 9/15/19 5.5 09/15/2019 2,338,171 133,439
Fannie Mae, 4.0%, 2/1/44 4.0 02/01/2044 3,344,903 3,455,470
Central American Bottling Corp., 6.75%, 2/9/22 (144A) 6.75 02/09/2022 932,000 1,003,240
USI, Inc. New York, Initial Term Loan 2013, 12/30/19 4.25 12/30/2019 26,473,387 26,407,203
Pilot Travel Centers LLC, Refinancing Tranche B Term Loan, 3/30/18 3.75 03/30/2018 2,024,413 2,028,842
Fannie Mae, 4.0%, 2/1/44 4.0 02/01/2044 4,875,746 5,073,441
NRP Mortgage Trust 2013-1, Floating Rate Note, 7/25/43 (144A) 3.25 07/25/2043 11,115,000 10,555,803
Fannie Mae, 6.5%, 6/1/31 6.5 06/01/2031 25,095 405
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 1,100,000 1,101,014
Government National Mortgage Association I, 5.5%, 1/15/35 5.5 01/15/2035 2,028,000 225,155
RAIT 2014-FL2 Trust, Floating Rate Note, 5/15/31 (144A) 2.3058 05/15/2031 4,000,000 3,963,842
Fannie Mae, 5.0%, 10/1/40 5.0 10/01/2040 1,617,334 1,060,182
Fannie Mae, 5.5%, 3/1/21 5.5 03/01/2021 5,000,000 674,544
Banc of America Alternative Loan Trust 2004-6, 5.0%, 7/25/19 5.0 07/25/2019 26,751,040 4,029,325
Origen Manufactured Housing Contract Trust 2005-A, Floating Rate Note, 6/15/36 5.46 06/15/2036 2,518,000 1,338,557
COMM 2012-CCRE4 Mortgage Trust, 2.436%, 10/17/45 2.436 10/15/2045 4,047,000 4,017,693
Wells Fargo Mortgage Backed Securities 2005-AR10 Trust, Floating Rate Note, 6/25/35 2.6144 06/25/2035 4,600,000 1,455,985
Williams Partners LP, 4.3%, 3/4/24 4.3 03/04/2024 13,440,000 14,340,819
Government National Mortgage Association, 4.5%, 9/20/39 4.5 09/20/2039 9,820,000 10,758,871
Ormat Funding Corp., 8.25%, 12/30/20 8.25 12/30/2020 6,405,000 3,285,296
Fannie Mae, 5.0%, 2/1/22 5.0 02/01/2022 6,603,277 415,204
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 11/25/33 2.5733 11/25/2033 40,000,000 2,252,264
Adjustable Rate Mortgage Trust 2004-5, Floating Rate Note, 4/25/35 2.5289 04/25/2035 1,070,000 4,264
Electricite de France SA, 6.0%, 1/22/14 (144A) 6.0   23,175,000 27,112,765
Nevada Power Co., 6.5%, 8/1/18 6.5 08/01/2018 85,000 100,374
Permanent University Fund, 5.0%, 7/1/30 5.0 07/01/2030 2,550,000 3,126,796
Digital Realty Trust LP, 5.875%, 2/1/20 5.875 02/01/2020 1,445,000 1,625,351
Fannie Mae, 4.0%, 9/11/14 4.0 09/11/2014 55,000,000 58,352,520
U.S. Treasury Bonds, 3.75%, 8/15/41 3.75 08/15/2041 10,750,000 12,219,359
Fannie Mae, 4.0%, 11/1/43 4.0 11/01/2043 3,398,541 3,469,869
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/17/28 (144A) 3.0511 04/15/2028 4,570,000 4,577,833
Credit Suisse First Boston Mortgage Securities Corp., 5.0%, 8/25/20 5.0 08/25/2020 7,662,500 573,152
KLA-Tencor Corp., 6.9%, 5/1/18 6.9 05/01/2018 4,090,000 4,875,183
Liberty Mutual Insurance Co., 7.697% (Perpetual) (144A) 7.697   10,910,000 13,467,629
Trust F, 5.25%, 12/15/24 (144A) 5.25 12/15/2024 5,270,000 5,643,841
Weight Watchers International, Inc., Initial Tranche B-2 Term Loan, 4/2/20 4.0 04/02/2020 5,826,250 4,606,379
Hyundai Capital Services, Inc., 4.375%, 7/27/16 (144A) 4.375 07/27/2016 2,550,000 2,705,628
Wells Fargo Commercial Mortgage Trust 2014-LC16 REMICS, 2.819%, 8/17/50 2.819 08/17/2050 3,525,000 3,619,075
Noranda Aluminum Acquisition Corp., Term B Loan, 2/28/19 5.75 02/17/2019 1,055,700 1,029,308
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 6.0 06/11/2021 1,620,000 1,640,250
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 7.875 04/15/2019 1,125,000 1,203,223
Fannie Mae, 5.5%, 5/1/33 5.5 05/01/2033 750,000 77,019
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 7,925,000 8,675,609
Alexandria Real Estate Equities, Inc., 4.6%, 4/1/22 4.6 04/01/2022 11,010,000 11,934,343
Federal Home Loan Mortgage Corp., 4.0%, 1/1/44 4.0 01/01/2044 6,491,414 6,526,735
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 5.3 12/25/2059 1,100,000 1,140,119
Plains Exploration & Production Co., 6.75%, 2/1/22 6.75 02/01/2022 107,000 122,027
Fannie Mae, 4.0%, 12/1/43 4.0 12/01/2043 1,800,000 1,833,334
Nakilat, Inc., 6.067%, 12/31/33 (144A) 6.067 12/31/2033 1,965,000 2,230,494
Ziggo Bv 1st Lien Tl-B2 L + 2.75% 15jan22 3.5 01/15/2022 1,668,085 1,637,591
Linn Energy LLC, 8.625%, 4/15/20 8.625 04/15/2020 3,374,000 3,710,873
Loma Reinsurance, Ltd. Bermuda, Floating Rate Note, 1/8/18 (Cat Bond) (144A) 9.7625 01/08/2018 1,700,000 1,786,282
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 3.75 01/31/2019 646,067 645,260
Icon Brand Holdings LLC, 4.229%, 1/25/43 (144A) 4.229 01/25/2043 6,376,000 5,770,292
County of Sweetwater Wyoming, 5.6%, 12/1/35 5.6 12/01/2035 3,285,000 3,398,643
Fannie Mae, 3.5%, 12/1/42 3.5 12/01/2042 2,047,400 1,735,377
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.03 02/25/2015 4,500,000 4,551,925
FREMF Mortgage Trust 2011-K12, Floating Rate Note, 1/25/46 (144A) 4.9529 01/25/2046 3,953,000 4,174,804
Banc of America Alternative Loan Trust 2003-2, 5.75%, 4/25/33 5.75 04/25/2033 30,900,000 3,466,039
Federal Home Loan Mortgage Corp., 4.5%, 9/1/43 4.5 09/01/2043 147,265 146,479
SESI LLC, 7.125%, 12/15/21 7.125 12/15/2021 90,000 102,811
Federal National Mortgage Association REMICS, 3.5%, 1/25/29 3.5 01/25/2029 6,000,000 140,658
RALI Series 2003-QS11 Trust, 5.25%, 6/25/33 5.25 06/25/2033 1,413,328 729,060
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 5.25 04/08/2020 2,717,471 2,731,058
Offshore Group Investment, Ltd., 7.5%, 11/1/19 7.5 11/01/2019 4,400,000 4,608,083
Steward Health Care System LLC, Term Loan, 4/10/20 6.75 04/12/2020 2,227,500 2,213,578
Numericable Group SA, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 5,350,000 5,523,875
Fannie Mae, 6.0%, 11/1/32 6.0 11/01/2032 350,000 9,773
Government National Mortgage Association II, 6.0%, 10/20/33 6.0 10/20/2033 3,655,000 323,305
RALI Series 2003-QS11 Trust, Floating Rate Note, 6/25/33 0.725 06/25/2033 34,154,338 3,291,905
Akbank TAS, 7.5%, 2/5/18 (144A) 7.5 02/05/2018 11,000,000 4,630,998
Structured Asset Securities Corp Trust 2005-15, 6.0%, 8/25/35 6.0 08/25/2035 5,600,000 1,726,386
Inversiones CMPC SA, 4.5%, 4/25/22 (144A) 4.5 04/25/2022 8,625,000 8,791,618
Cme: (Cdx.Na.Hy.22.V2) Usd 20jun19 Z91jjmp14 500.0 06/20/2019 -69,795,000 -6,309,874
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 4.5 01/24/2021 1,261,838 1,263,415
Government National Mortgage Association I, 6.5%, 5/15/32 6.5 05/15/2032 1,000,000 31,787
Banc of America Mortgage Trust 2004-7, 4.5%, 8/25/19 4.5 08/25/2019 5,418,000 430,610
RALI Series 2004-QS3 Trust, 5.0%, 3/25/19 5.0 03/25/2019 7,800,000 513,009
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 4.4544 05/29/2049 15,605,000 15,634,081
Norway Government Bond, 5.0%, 5/15/15 5.0 05/15/2015 467,360,000 78,370,424
Fannie Mae, 5.0%, 7/1/39 5.0 07/01/2039 10,309,150 2,054,674
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 3,900,000 4,025,342
International Game Technology, 7.5%, 6/15/19 7.5 06/15/2019 120,000 138,725
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 465,150 12,503,232
Wells Fargo & Co., 7.5% (Perpetual) 7.5   31,527 38,335,886
Impac CMB Trust Series 2004-9, Floating Rate Note, 1/25/35 0.915 01/25/2035 43,500,000 2,998,939
Intesa Sanpaolo S.p.A., 3.625%, 8/12/15 (144A) 3.625 08/12/2015 11,625,000 11,898,054
Merrill Lynch Mortgage Investors Trust Series MLCC 2003-E, Floating Rate Note, 10/25/28 1.055 10/25/2028 5,273,350 972,367
Government National Mortgage Association I, 5.5%, 10/15/19 5.5 10/15/2019 3,000,000 421,752
EverBank Mortgage Loan Trust REMICS, Floating Rate Note, 4/25/43 (144A) 3.5067 04/25/2043 6,762,000 6,450,128
Fannie Mae, 4.5%, 11/1/40 4.5 11/01/2040 12,358,351 5,555,549
Fannie Mae, 4.0%, 11/1/41 4.0 11/01/2041 55,000 21,465
Citicorp Residential Mortgage Trust Series 2006-2, 5.948%, 9/25/36 (Step) 5.948 09/25/2036 2,300,000 1,136,679
CHL Mortgage Pass-Through Trust 2003-42, Floating Rate Note, 9/25/33 2.8983 09/25/2033 2,550,000 14,721
Federal Home Loan Mortgage Corp., 4.5%, 5/1/44 4.5 05/01/2044 204,050 217,495
Fannie Mae, 5.0%, 5/1/38 5.0 05/01/2038 9,123,173 993,093
TimberStar Trust 1 REMICS, 5.668%, 10/15/36 (144A) 5.668 10/15/2036 750,000 812,853
Federal Home Loan Mortgage Corp., 6.5%, 9/1/32 6.5 09/01/2032 100,000 2,734
Leaf Receivables Funding 8 LLC, 2.67%, 9/15/20 (144A) 2.67 09/15/2020 3,139,702 3,160,212
Government National Mortgage Association, Floating Rate Note, 2/16/53 1.0108 02/16/2053 50,450,000 3,702,115
RALI Series 2004-QS4 Trust, Floating Rate Note, 3/25/34 0.655 03/25/2034 19,206,500 1,771,938
Oi SA, 5.75%, 2/10/22 (144A) 5.75 02/10/2022 9,080,000 8,774,862
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 4.5 06/01/2016 4,354,215 4,365,101
Lear Corp., 11/9/14   11/09/2014 547 110,582
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1.0 05/05/2017 3,000,000 3,030,400
Pm Cp Zero% 03sep14 Usd 0.0 09/03/2014 7,230,000 7,229,928
Transportadora de Gas del Sur SA, 9.625%, 5/14/20 9.625 05/14/2020 6,450,467 4,926,601
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-2, Floating Rate Note, 9/25/36 (144A) 0.355 09/25/2036 7,795,976 1,854,294
Samson Investment Co., 9.75%, 2/15/20 9.75 02/15/2020 4,710,000 4,823,334
Fannie Mae, 5.5%, 12/1/35 5.5 12/01/2035 2,799,824 359,820
Fannie Mae, 5.0%, 9/11/14 5.0 09/11/2014 190,000,000 209,795,300
AmeriCredit Automobile Receivables Trust 2013-1, 1.57%, 1/8/19 1.57 01/08/2019 3,350,000 3,342,357
Turkiye Is Bankasi, 6.0%, 10/24/22 (144A) 6.0 10/24/2022 5,100,000 5,182,620
Countrywide Asset-Backed Certificates, Floating Rate Note, 12/25/35 5.069 02/25/2036 6,561,000 1,281,531
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 6,200,000 6,087,625
RCMC LLC, 5.62346%, 12/17/18 (144A) 5.6235 11/15/2044 2,512,000 1,740,274
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 05/15/2025 2,000,000 2,005,079
Del Coronado Trust 2013-DEL, Floating Rate Note, 3/16/26 (144A) 2.105 03/15/2026 2,842,000 2,836,180
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 6,310,000 7,128,150
Government National Mortgage Association II, 4.5%, 12/20/34 4.5 12/20/2034 8,150,000 1,607,638
Structured Asset Securities Corp Mortgage Pass-Through Ctfs Ser 2003-24A, Floating Rate Note, 7/25/3 2.447 07/25/2033 12,475,000 1,599,529
Federal Home Loan Mortgage Corp., 6.0%, 12/1/37 6.0 12/01/2037 5,000,000 354,640
AMG Capital Trust II, 5.15%, 10/15/37 5.15 10/15/2037 101,000 6,482,938
Federal Home Loan Mortgage Corp., 6.0%, 3/1/33 6.0 03/01/2033 563,857 11,425
Dubai Electricity & Water Authority, 8.5%, 4/22/15 (144A) 8.5 04/22/2015 9,750,000 10,508,182
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 4,650,000 5,041,327
Eastman Chemical Co., 4.8%, 9/1/42 4.8 09/01/2042 4,140,000 4,381,667
Federal Home Loan Mortgage Corp., 6.0%, 6/1/35 6.0 06/01/2035 4,500,000 183,028
Fannie Mae, 5.5%, 4/1/34 5.5 04/01/2034 2,750,000 204,066
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 6,500,000 1,992,811
Citicorp Residential Mortgage Trust Series 2007-2, 5.71876%, 6/25/37 (Step) 5.7188 06/25/2037 4,155,000 4,361,357
Government National Mortgage Association I, 6.0%, 1/15/33 6.0 01/15/2033 1,500,000 32,963
Parish of St John the Baptist Louisiana, 5.125%, 6/1/37 5.125 06/01/2037 8,470,000 9,000,477
La Hipotecaria Panamanian Mortgage Trust 2010-1, Floating Rate Note, 9/8/39 (144A) 2.75 09/08/2039 2,150,000 1,567,475
FREMF Mortgage Trust 2011-K11 REMICS, Floating Rate Note, 12/25/48 (144A) 4.5701 12/25/2048 3,300,000 3,511,165
Exterran Holdings, Inc., 7.25%, 12/1/18 7.25 12/01/2018 7,300,000 7,741,092
Wells Fargo Commercial Mortgage Trust, Floating Rate Note, 11/18/43 (144A) 5.7709 11/15/2043 4,800,000 5,405,140
First Investors Auto Owner Trust 2013-1, 2.02%, 1/15/19 (144A) 2.02 01/15/2019 500,000 501,347
Fannie Mae, 4.5%, 3/1/35 4.5 03/01/2035 2,520,000 353,093
JP Morgan Chase Commercial Mortgage Securities Trust 2006-FL2, Floating Rate Note, 11/15/18 (144A) 0.515 11/15/2018 9,525,000 3,020,041
Reinsurance Group of America, Inc., 6.45%, 11/15/19 6.45 11/15/2019 8,470,000 10,115,353
UCFC Manufactured Housing Contract, Floating Rate Note, 4/15/29 6.995 04/15/2029 1,500,000 184,681
Verizon Communications, Inc., 6.55%, 9/15/43 6.55 09/15/2043 9,186,000 12,107,165
Corporate Office Properties LP, 3.6%, 5/15/23 3.6 05/15/2023 6,450,000 6,308,906
Pacific Rubiales Energy Corp., 5.375%, 1/26/19 (144A) 5.375 01/26/2019 3,375,000 3,527,133
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 6.0 04/21/2019 3,209,456 3,241,551
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 3.0 01/23/2021 775,526 774,152
Inversiones Alsacia SA, 0.0%, 8/18/18 (144A) 0.0 08/18/2018 8,635,000 4,643,501
The University of Texas System, 5.0%, 8/15/43 5.0 08/15/2043 2,210,000 2,517,153
American Credit Acceptance Receivables Trust 2012-2, 4.05%, 2/15/18 (144A) 4.05 02/15/2018 1,839,000 1,868,223
Banc of America Alternative Loan Trust 2004-3, 6.0%, 4/25/34 6.0 04/25/2034 5,500,000 1,221,791
Government National Mortgage Association I, 6.0%, 5/15/33 6.0 05/15/2033 4,328,222 235,996
California Educational Facilities Authority, 5.0%, 6/1/43 5.0 06/01/2043 8,675,000 11,545,914
Government National Mortgage Association I, 4.5%, 11/15/40 4.5 11/15/2040 8,091,166 3,830,811
Language Line LLC, Tranche B Term Loan, 6/20/16 6.25 05/30/2016 2,376,997 2,382,198
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 13,200,000 13,594,140
MASTR Alternative Loan Trust 2004-10, 5.5%, 10/25/19 5.5 10/25/2019 28,445,000 2,460,542
Government National Mortgage Association I, 6.0%, 3/15/33 6.0 03/15/2033 1,027,097 85,574
Origen Manufactured Housing Contract Trust 2004-B, Floating Rate Note, 11/15/35 5.73 11/15/2035 1,500,000 687,563
Alfa Bank OJSC Via Alfa Bond Issuance Plc, 7.875%, 9/25/17 (144A) 7.875 09/25/2017 843,000 895,111
MCC Iowa LLC, Tranche H Term Loan, 1/29/21 3.25 05/23/2021 3,801,600 3,752,894
BBVA Bancomer SA Texas, 6.5%, 3/10/21 (144A) 6.5 03/10/2021 23,300,000 26,927,681
CHS, 6.875%, 2/1/22 (144A) 6.875 02/01/2022 1,000,000 1,068,038
Goldcorp, Inc., 3.7%, 3/15/23 3.7 03/15/2023 7,300,000 7,442,382
Impac CMB Trust Series 2005-2, Floating Rate Note, 4/25/35 0.675 04/25/2035 69,974,361 8,966,715
FREMF Mortgage Trust 2012-K709, Floating Rate Note, 4/25/45 (144A) 3.7407 04/25/2045 5,000,000 5,161,031
WaMu Mortgage Pass-Through Certificates Series 2004-AR12 Trust, Floating Rate Note, 10/25/44 0.5775 10/25/2044 4,700,000 356,616
Government National Mortgage Association I, 5.0%, 10/15/18 5.0 10/15/2018 402,294 32,352
Government National Mortgage Association I, 6.5%, 5/15/29 6.5 05/15/2029 169,368 3,013
Government National Mortgage Association I, 5.5%, 3/15/17 5.5 03/15/2017 251,260 22,367
Affinion Group, Inc., Tranche B Term Loan, 10/9/16 6.75 10/09/2016 7,501,877 7,447,699
International Finance Corp., 7.75%, 12/3/16 7.75 12/03/2016 1,036,140,000 17,535,689
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 1,551,325 1,557,143
Federal Home Loan Mortgage Corp., 6.0%, 10/1/37 6.0 10/01/2037 250,000 17,500
Government National Mortgage Association, Floating Rate Note, 9/16/52 1.0657 09/16/2052 55,000,000 4,205,446
Sequoia Mortgage Trust 2004-8, Floating Rate Note, 9/20/34 0.8555 09/20/2034 11,000,000 1,036,101
Impac CMB Trust Series 2004-4, Floating Rate Note, 9/25/34 0.795 09/25/2034 73,742,000 3,121,684
Wachovia Capital Trust III, Floating Rate Note (Perpetual) 5.5698 03/29/2049 660,000 654,458
Fannie Mae, 3.5%, 11/1/42 3.5 11/01/2042 1,335,000 1,333,334
JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2, 3.6159%, 11/15/43 (144A) 3.6159 11/15/2043 4,400,000 4,659,595
Federal Home Loan Mortgage Corp., 5.0%, 4/1/23 5.0 04/01/2023 3,790,330 413,458
Fannie Mae, 6.0%, 10/1/32 6.0 10/01/2032 200,552 4,581
Fannie Mae, 4.5%, 7/1/41 4.5 07/01/2041 39,417,029 24,040,345
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 3.5 03/28/2019 6,682,736 6,646,188
Crown Castle Towers LLC, 6.113%, 1/15/20 (144A) 6.113 01/15/2020 3,135,000 3,674,327
Sequoia Mortgage Trust 2005-2, Floating Rate Note, 3/20/35 0.3755 03/20/2035 20,245,000 2,101,519
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 3.4246 01/17/2019 500,000 517,056
North East Independent School District Texas, 5.25%, 2/1/31 5.25 02/01/2031 11,120,000 14,409,176
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 4.25 12/07/2019 1,694,360 1,693,287
Fannie Mae, 5.0%, 7/1/35 5.0 07/01/2035 17,501,965 2,098,175
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 14,941,131 4,698,776
Banc of America Alternative Loan Trust 2004-12, 5.5%, 1/25/20 5.5 01/25/2020 15,665,000 1,889,565
InterGen NV, 7.0%, 6/30/23 (144A) 7.0 06/30/2023 4,750,000 4,876,667
SandRidge Energy, Inc., 7.5%, 3/15/21 7.5 03/15/2021 1,860,000 2,016,938
Highwoods Realty LP, 3.625%, 1/15/23 3.625 01/15/2023 9,060,000 9,062,140
BTA Bank JSC (G.D.R.) (144A)     4,633 2,673
Fannie Mae, 3.5%, 9/11/14 3.5 09/11/2014 35,000,000 36,071,995
Fannie Mae, 6.0%, 3/1/33 6.0 03/01/2033 350,000 8,974
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 2,700,000 2,791,744
Credit Acceptance Auto Loan Trust 2012-2, 2.21%, 9/15/20 (144A) 2.21 09/15/2020 2,500,000 2,530,940
WINDSOR QUALITY FOOD CO, Ltd., Term B Loan, 12/23/20 5.0 12/23/2020 866,250 855,422
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 3.609 05/08/2031 5,200,000 5,215,696
Service Corp International United States, 8.0%, 11/15/21 8.0 11/15/2021 3,322,000 3,997,473
Federal Home Loan Mortgage Corp., Floating Rate Note, 9/26/44 (144A) 4.3042 09/25/2044 5,065,000 5,245,128
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 11.28 11/10/2015 725,000 757,435
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 08/06/2017 2,270,659 2,286,980
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 16,775,000 19,946,473
Romania Government Bond, 5.85%, 4/26/23 5.85 04/26/2023 83,320,000 28,252,537
Government National Mortgage Association I, 6.0%, 10/15/37 6.0 10/15/2037 4,575,221 644,792
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/27/29 (144A) 4.402 08/25/2029 1,301,000 1,315,979
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 8.75 05/15/2018 3,750,000 5,228,348
Credit-Based Asset Servicing and Securitization LLC, Floating Rate Note, 4/25/37 0.245 04/25/2037 5,678,000 1,217,463
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 5.625 03/30/2043 24,815,000 29,351,343
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 3,500,000 4,130,000
Federal Home Loan Mortgage Corp., 4.0%, 7/1/44 4.0 07/01/2044 20,000,000 21,173,583
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 5,300,000 5,554,455
Wynn Las Vegas LLC, 5.375%, 3/15/22 5.375 03/15/2022 11,470,000 12,326,068
The Goodyear Tire & Rubber Co., Loan (Second Lien), 4/30/19 4.75 03/27/2019 9,925,000 9,970,407
Fannie Mae, 3.5%, 9/16/14 3.5 09/16/2014 15,900,000 16,822,531
Government National Mortgage Association I, 6.0%, 9/15/33 6.0 09/15/2033 2,000,000 161,932
Government National Mortgage Association I, 5.5%, 7/15/34 5.5 07/15/2034 4,540,000 484,831
Fannie Mae, 6.0%, 1/1/33 6.0 01/01/2033 502,267 20,128
Nigeria Government Bond, 16.0%, 6/29/19 16.0 06/29/2019 2,507,000,000 18,534,825
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 3.9 01/15/2026 2,795,000 2,808,626
IPIC GMTN, Ltd., 5.5%, 3/1/22 (144A) 5.5 03/01/2022 11,820,000 14,034,444
CFG Investment SAC, 9.75%, 7/30/19 (144A) 9.75 07/30/2019 6,385,000 6,197,441
Fannie Mae, 4.5%, 5/1/41 4.5 05/01/2041 24,220,767 8,326,640
NRP Mortgage Trust 2013-1, Floating Rate Note, 7/25/43 (144A) 3.25 07/25/2043 5,285,000 5,083,923
On Assignment, Inc., Initial Term B Loan, 5/15/20 3.5 05/16/2020 1,994,750 1,987,270
Queensland Treasury Corp., 5.75%, 7/22/24 5.75 07/22/2024 11,750,000 12,797,406
Asciano Finance, Ltd., 4.625%, 9/23/20 (144A) 4.625 09/23/2020 1,602,000 1,739,633
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 9.2804 06/06/2017 2,250,000 2,423,791
Fannie Mae, 4.5%, 12/1/41 4.5 12/01/2041 60,000 41,635
BRF SA, 5.875%, 6/6/22 (144A) 5.875 06/06/2022 7,810,000 8,746,875
Thornburg Mortgage Securities Trust 2004-1, Floating Rate Note, 3/25/44 1.6357 03/25/2044 22,479,999 3,700,392
Government National Mortgage Association I, 5.0%, 9/15/33 5.0 09/15/2033 5,011,663 813,587
WP Carey, Inc., 4.6%, 4/1/24 4.6 04/01/2024 6,680,000 7,119,471
Morgan Stanley Capital I Trust 2007-HQ13, 5.569%, 12/15/44 5.569 12/15/2044 5,000,000 5,379,771
The Allstate Corp., Floating Rate Note, 1/15/53 5.1 01/15/2053 631,450 16,165,120
Government National Mortgage Association I, 5.5%, 4/15/33 5.5 04/15/2033 184,273 6,766
Appvion, Inc., Term Commitment, 6/28/19 5.7525 06/04/2019 11,756,250 11,763,598
Federal Home Loan Mortgage Corp., 5.0%, 9/1/38 5.0 09/01/2038 6,942,604 721,084
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 5.875 06/24/2019 4,385,000 4,603,245
Platinum Underwriters Finance, Inc., 7.5%, 6/1/17 7.5 06/01/2017 12,025,000 13,869,042
Ajecorp BV, 6.5%, 5/14/22 (144A) 6.5 05/14/2022 10,260,000 10,045,965
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 9.0304 06/06/2015 4,250,000 4,512,438
ALROSA Finance SA, 7.75%, 11/3/20 (144A) 7.75 11/03/2020 3,175,000 3,359,650
Asciano Finance, Ltd., 5.0%, 4/7/18 (144A) 5.0 04/07/2018 4,200,000 4,645,902
Allied Security Holdings LLC, Closing Date Term Loan (First Lien), 2/12/21 4.25 02/12/2021 1,313,701 1,306,517
Government National Mortgage Association I, 6.0%, 8/15/16 6.0 08/15/2016 43,573 390
Sequoia Mortgage Trust 2013-4, Floating Rate Note, 4/27/43 1.55 04/27/2043 2,930,000 2,487,721
Vitality Re IV, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 2.7703 01/09/2017 2,200,000 2,260,955
Federal Home Loan Mortgage Corp., 5.5%, 10/1/16 5.5 10/01/2016 1,152,073 6,536
FREMF Mortgage Trust 2013-K713, Floating Rate Note, 4/25/46 (144A) 3.165 04/25/2046 3,400,000 3,400,919
Arlington Flt% 01aug15 0.0 08/01/2015 3,033,000 3,108,218
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 5.25 01/29/2049 5,285,000 5,480,655
Federal National Mortgage Association, 5.0%, 12/1/41 5.0 12/01/2041 1,801,282 1,106,238
Hilcorp Energy I LP, 7.625%, 4/15/21 (144A) 7.625 04/15/2021 5,768,000 6,379,949
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 6.5 07/01/2036 804,533 94,197
CoBank ACB, Floating Rate Note (Perpetual) (144A) 6.25   87,500 9,108,208
Federal Home Loan Mortgage Corp., 6.0%, 8/1/34 6.0 08/01/2034 3,000,000 226,897
CVS Pass-Through Trust, 6.036%, 12/10/28 6.036 12/10/2028 1,300,000 1,188,175
Axalta Coating Systems US Holdings, Inc., Refinanced Term B Loan, 2/1/20 4.0 02/01/2020 5,778,408 5,753,931
Fannie Mae, 6.0%, 3/1/33 6.0 03/01/2033 250,000 11,207
Mufg 0.1% 03sep14 Usd 0.1 09/03/2014 16,550,000 16,549,977
Federal National Mortgage Association REMICS, 5.0%, 9/25/39 5.0 09/25/2039 3,078,000 648,922
AccentCare, Inc., Term Loan, 12/22/16 6.5 12/22/2016 2,302,074 1,841,659
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 3.0 11/23/2016 357,991 357,633
DBUBS 2011-LC3 Mortgage Trust, Floating Rate Note, 8/12/44 (144A) 5.5778 08/10/2044 6,767,000 7,638,286
Fannie Mae, 4.5%, 9/1/43 4.5 09/01/2043 17,709,372 15,617,822
AngloGold Ashanti Holdings Plc, 5.125%, 8/1/22 5.125 08/01/2022 3,900,000 3,827,056
Fannie Mae, 4.0%, 12/1/41 4.0 12/01/2041 17,790,000 8,941,410
CEVA GROUP Plc     1,069 1,282,440
Banc of America Alternative Loan Trust 2003-7, 5.5%, 9/25/33 5.5 09/25/2033 17,910,000 3,802,526
Nomura Asset Acceptance Corp Alternative Loan Trust Series 2003-A3, 5.5%, 8/25/33 (Step) 5.5 08/25/2033 43,853,000 3,052,493
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 3,685,175 3,683,638
Golar LNG, Ltd., 3.75%, 3/7/17 3.75 03/07/2017 1,700,000 2,377,501
JP Morgan Mortgage Trust 2013-2, Floating Rate Note, 5/25/43 3.5 05/25/2043 5,615,000 4,918,767
Kane-Pi1 Flt% 07apr15 4.839 04/07/2015 3,766,000 3,878,230
Digicel, Ltd., 8.25%, 9/1/17 (144A) 8.25 09/01/2017 6,600,000 6,977,987
Sequoia Mortgage Trust 2013-8, Floating Rate Note, 6/25/43 3.0 06/25/2043 4,155,000 3,777,995
Bayview Opportunity Master Fund Trust, Floating Rate Note, 1/28/33 (144A) 2.9814 01/28/2033 2,500,000 825,174
Federal Home Loan Mortgage Corp., Floating Rate Note, 11/26/46 (144A) 3.5998 11/25/2046 3,600,000 3,694,348
Wyle 1st Lien Tl-B L + 4% 22may21 5.0 05/22/2021 640,341 642,543
Myriad International Holdings BV, 6.375%, 7/28/17 (144A) 6.375 07/28/2017 6,050,000 6,651,481
Pro Mach, Inc., Term Loan, 7/6/17 4.5 07/16/2017 2,743,769 2,750,628
ALROSA Finance SA, 8.875%, 11/17/14 (144A) 8.875 11/17/2014 100,000 103,712
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,900,000 1,987,970
Fannie Mae, 4.0%, 4/1/42 4.0 04/01/2042 9,200,000 4,980,198
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 10,355,000 12,403,348
Fannie Mae, 4.0%, 2/1/42 4.0 02/01/2042 5,800,000 3,236,179
Banco do Estado do Rio Grande do Sul SA, 7.375%, 2/2/22 (144A) 7.375 02/02/2022 2,400,000 2,558,967
Gn30 4.5% 21aug14 4.5 08/21/2014 15,000,000 16,374,677
First Data Corp., 2021 New Dollar Term Loan, 3/24/21 4.2351 03/24/2021 115,933 115,897
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36 5.5 11/15/2036 20,250,000 23,918,726
HLSS Servicer Advance Receivables Trust, 1.2437%, 1/17/45 1.2437 01/17/2045 6,500,000 6,509,218
Ghana Government Bond, 19.24%, 5/30/16 19.24 05/30/2016 19,000,000 4,870,229
International Finance Corp., 8.25%, 6/10/21 8.25 06/10/2021 1,040,880,000 18,518,942
Fannie Mae, 6.0%, 12/1/37 6.0 12/01/2037 7,118,373 432,376
Impac CMB Trust Series 2004-7, Floating Rate Note, 11/25/34 0.895 11/25/2034 142,771,000 9,709,032
Raymond James Financial, Inc., 4.25%, 4/15/16 4.25 04/15/2016 9,000,000 9,605,831
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 4.0 04/10/2021 8,682,433 8,644,447
Norway Government Bond, 2.0%, 5/24/23 2.0 05/24/2023 63,500,000 10,174,735
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 3,510,000 3,693,690
Fannie Mae, 6.0%, 5/1/33 6.0 05/01/2033 1,200,000 158,124
Norway Government Bond, 4.25%, 5/19/17 4.25 05/19/2017 234,080,000 40,950,324
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 3.125%, 4/27/54 (Step) (144A) 3.125 04/27/2054 4,220,000 4,199,183
JLL, Initial Dollar Term Loan, 1/23/21 4.25 01/23/2021 2,460,000 2,442,320
Nara Cable Funding, Ltd., 8.875%, 12/1/18 (144A) 8.875 12/01/2018 2,160,000 3,069,854
Wells Fargo Mortgage Backed Securities 2004-V Trust, Floating Rate Note, 10/25/34 2.6085 10/25/2034 0 0
Impac Secured Assets Trust 2006-5, Floating Rate Note, 12/25/36 0.355 12/25/2036 25,100,000 5,847,235
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 5.75 06/17/2017 1,363,664 1,370,482
Government National Mortgage Association, 3.0%, 4/20/41 3.0 04/20/2041 8,800,000 7,888,633
Government National Mortgage Association II, 4.5%, 9/20/41 4.5 09/20/2041 17,265,000 9,311,337
Banc of America Mortgage Trust 2005-9, 4.75%, 10/25/20 4.75 10/25/2020 14,530,000 109,164
Fannie Mae, 4.5%, 8/1/41 4.5 08/01/2041 71,193,582 30,905,632
The Ryland Group, Inc., 0.25%, 6/1/19 0.25 06/01/2019 4,280,000 4,047,245
Frontier Communications Corp., 8.5%, 4/15/20 8.5 04/15/2020 11,090,000 13,245,619
Government National Mortgage Association I, 5.5%, 12/15/35 5.5 12/15/2035 2,360,900 340,210
Novelis, Inc. Georgia, Initial Term Loan, 3/10/17 3.75 03/10/2017 1,725,650 1,723,493
Building Materials Corp of America, 6.75%, 5/1/21 (144A) 6.75 05/01/2021 3,665,000 4,012,488
CEVA GROUP Plc, 0.0%, 12/31/14 0.0 12/31/2014 2,313 2,776,140
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 10.2825 01/08/2015 3,150,000 3,234,683
US Bancorp, Floating Rate Note (Perpetual) 6.5   234,750 6,845,310
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 11,000,000 11,797,500
Government National Mortgage Association I, 6.0%, 9/15/19 6.0 09/15/2019 1,044,422 34,762
Government National Mortgage Association I, 6.5%, 10/15/32 6.5 10/15/2032 302,974 17,921
Government National Mortgage Association I, 4.5%, 6/15/40 4.5 06/15/2040 6,803,817 2,733,991
Tesoro Corp., 5.375%, 10/1/22 5.375 10/01/2022 9,480,000 9,904,197
Fannie Mae, 6.5%, 7/1/31 6.5 07/01/2031 125,419 2,936
Government National Mortgage Association I, 4.5%, 1/15/40 4.5 01/15/2040 1,883,000 1,199,845
VTB Bank OJSC Via VTB Capital SA, 6.0%, 4/12/17 (144A) 6.0 04/12/2017 7,800,000 7,901,400
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 3/25/34 2.859 03/25/2034 16,200,000 979,874
Health Care Real Estate Investment Trust, Inc., 5.25%, 1/15/22 5.25 01/15/2022 3,150,000 3,559,382
Fannie Mae, 3.5%, 4/1/29 3.5 04/01/2029 7,000,000 7,047,522
Government National Mortgage Association I, 7.0%, 6/15/31 7.0 06/15/2031 245,234 484
Fannie Mae, 4.0%, 8/1/43 4.0 08/01/2043 6,883,801 6,782,852
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 8.5025 05/07/2015 250,000 260,308
AWAS Finance Luxembourg 2012 SA, Term Loan, 7/16/18 3.5 06/25/2018 3,780,651 3,776,712
Government National Mortgage Association I, 6.5%, 7/15/32 6.5 07/15/2032 350,000 5,839
Scitor Corp., Term Loan, 2/15/17 5.0 01/21/2017 1,656,399 1,642,927
Reynolds Group Holdings, Inc., Incremental U.S. Term Loan, 12/31/18 4.0 12/31/2018 3,793,677 3,792,493
Provincia de Neuquen Argentina, 7.875%, 4/26/21 (144A) 7.875 04/26/2021 3,700,000 2,995,885
RALI Series 2004-QS16 Trust, 5.5%, 12/25/34 5.5 12/25/2034 29,500,000 1,930,856
Banco de Credito del Peru Panama, Floating Rate Note, 11/6/69 (144A) 9.75 11/06/2069 1,753,000 2,179,636
Windstream Corp., 7.75%, 10/15/20 7.75 10/15/2020 8,680,000 9,604,963
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 4.75 04/13/2017 1,439,064 1,438,165
Government National Mortgage Association I, 5.125%, 10/15/38 5.125 10/15/2038 1,865,279 1,077,548
Government National Mortgage Association I, 6.5%, 11/15/31 6.5 11/15/2031 1,537,088 54,087
Nakilat, Inc., 6.267%, 12/31/33 (144A) 6.267 12/31/2033 4,240,000 4,356,994
COMM 2012-CCRE2 Mortgage Trust REMICS, 3.791%, 8/17/45 3.791 08/15/2045 1,900,000 1,977,797
Fannie Mae, 5.0%, 8/1/35 5.0 08/01/2035 24,222,081 3,060,927
PQ Corp., 2014 Term Loan, 8/7/17 4.0 08/07/2017 6,254,750 6,255,307
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 4.0 04/23/2019 2,181,423 2,166,426
State of Wisconsin, 5.75%, 5/1/33 5.75 05/01/2033 3,650,000 4,375,207
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 4.0 03/01/2020 6,985,727 6,953,711
Ardagh Packaging Finance Plc, 9.125%, 10/15/20 (144A) 9.125 10/15/2020 7,250,000 8,186,836
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 0.0   6,250,000 4,145,950
Banco Nacional de Costa Rica, 4.875%, 11/1/18 (144A) 4.875 11/01/2018 5,000,000 5,230,573
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 2/3/22 (144A) 0.0 02/03/2022 3,975,000 1,127,161
F Cp Zero% 03sep14 Usd 0.0 09/03/2014 18,095,000 18,094,598
Gazprom OAO Via Gaz Capital SA, 8.146%, 4/11/18 (144A) 8.146 04/11/2018 765,000 867,474
Time Warner Cable, Inc., 8.75%, 2/14/19 8.75 02/14/2019 640,000 818,006
ORES 2014-LV3 LLC, 3.0%, 3/27/24 (144A) 3.0 03/27/2024 6,435,000 5,784,885
Revlon Consumer Products Corp., Replacement Term Loan, 11/19/17 3.25 11/19/2017 2,738,789 2,738,789
VimpelCom Holdings BV, 9.0%, 2/13/18 (144A) 9.0 02/13/2018 430,000,000 11,019,614
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 50,000 53,514
Alfa Bank OJSC Via Alfa Bond Issuance Plc, 7.5%, 9/26/19 (144A) 7.5 09/26/2019 12,500,000 12,382,292
Fannie Mae, 4.0%, 12/1/41 4.0 12/01/2041 45,515,613 28,351,286
Bear Stearns Asset Backed Securities Trust 2006-1, Floating Rate Note, 2/25/36 0.435 02/25/2036 18,000,000 646,303
Worthington Industries, Inc., 4.55%, 4/15/26 4.55 04/15/2026 3,875,000 4,143,059
RESI Finance LP, Floating Rate Note, 9/10/35 (144A) 1.557 09/10/2035 19,900,000 3,878,040
UCI International, Inc., Term Loan, 7/26/17 5.5 07/04/2017 2,016,850 2,021,892
Government National Mortgage Association I, 4.5%, 10/15/33 4.5 10/15/2033 2,387,368 257,345
Federal Home Loan Mortgage Corp. REMICS, 5.0%, 6/15/34 5.0 06/15/2034 8,360,000 777,179
Government National Mortgage Association I, 5.5%, 6/15/35 5.5 06/15/2035 2,028,692 241,251
Horizon Lines, Inc.     1,695,067 678,027
Sempra Energy, 9.8%, 2/15/19 9.8 02/15/2019 50,000 65,986
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 5.5 06/25/2020 4,043,158 4,033,050
BBVA Bancomer SA Texas, 4.375%, 4/10/24 (144A) 4.375 04/10/2024 2,500,000 2,611,285
Banc of America Mortgage 2005-H Trust, Floating Rate Note, 9/25/35 5.1082 09/25/2035 8,356,245 1,680,730
Government National Mortgage Association I, 5.5%, 7/15/33 5.5 07/15/2033 1,500,000 154,381
WF-RBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A) 5.392 02/15/2044 1,200,000 1,331,936
Alpha Natural Resources, Inc., 6.0%, 6/1/19 6.0 06/01/2019 4,260,000 3,098,440
COMM 2011-FL1 Mortgage Trust, Floating Rate Note, 7/19/28 (144A) 4.814 07/17/2028 1,800,000 581,242
Morgan Stanley, Floating Rate Note (Perpetual) 7.125   324,400 9,018,320
Thornburg Mortgage Securities Trust 2004-1, Floating Rate Note, 3/25/44 1.7738 03/25/2044 44,865,000 3,417,834
Government National Mortgage Association II, 6.5%, 1/20/28 6.5 01/20/2028 32,371 454
Massachusetts Development Finance Agency, 5.25%, 4/1/37 5.25 04/01/2037 6,550,000 7,595,899
JBS Investments GmbH, 7.75%, 10/28/20 (144A) 7.75 10/28/2020 5,100,000 5,641,946
Sequoia Mortgage Trust, Floating Rate Note, 12/26/42 2.5 12/26/2042 9,000,000 7,048,118
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 4,620,000 5,441,398
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 4.7321 01/07/2015 3,900,000 3,961,913
Windstream Corp., 6.375%, 8/1/23 6.375 08/01/2023 9,870,000 9,945,362
HSBC Home Equity Loan Trust USA 2007-3, Floating Rate Note, 11/20/36 1.3555 11/20/2036 1,000,000 259,950
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 7.506 05/29/2049 12,390,000 13,226,449
Sequoia Mortgage Trust 2003-5, Floating Rate Note, 9/20/33 0.7755 09/20/2033 24,486,444 1,166,825
Spirit Master Funding VII LLC, 3.8868%, 12/20/43 3.8868 12/20/2043 900,000 930,675
Federal Home Loan Mortgage Corp., 5.0%, 5/1/34 5.0 05/01/2034 1,278,937 82,989
Federal Home Loan Mortgage Corp., 4.0%, 5/1/44 4.0 05/01/2044 13,500,000 14,137,973
GSAMP Trust 2006-SEA1, Floating Rate Note, 5/25/36 (144A) 0.455 05/25/2036 6,500,000 596,206
Westgate Resorts 2012-A LLC, 2.25%, 8/20/25 (144A) 2.25 08/20/2025 3,750,000 2,323,941
Arc Automotive Group, Inc., Term Loan, 11/15/18 6.0 11/01/2018 4,327,345 4,348,982
Pinnacle Entertainment, Inc., Tranche B-2 Term Loan, 8/13/20 3.75 08/05/2020 3,885,151 3,876,409
Healthcare Realty Trust, Inc., 5.75%, 1/15/21 5.75 01/15/2021 3,370,000 3,832,588
Star West Generation LLC, Term B Advance, 3/13/20 4.25 03/13/2020 2,148,148 2,155,757
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 5.75 11/19/2019 4,610,486 4,640,260
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond)   05/25/2018 3,500,000 3,496,500
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 4.25 12/18/2019 7,077,584 7,068,737
Government National Mortgage Association I, 6.0%, 3/15/33 6.0 03/15/2033 300,000 17,209
General Electric Capital Corp., Floating Rate Note (Perpetual) 7.125 12/29/2049 20,800,000 24,826,750
Garda World Security Corp., Term B Loan, 11/1/20 4.0 11/01/2020 684,618 682,051
Fannie Mae, 4.0%, 11/1/43 4.0 11/01/2043 8,931,305 9,393,770
AXA SA, 8.6%, 12/15/30 8.6 12/15/2030 10,060,000 13,780,154
WASH Multifamily Laundry Systems LLC, U.S. Term Loan, 2/21/19 4.5032 01/22/2019 1,164,799 1,164,799
Structured Asset Mortgage Investments Trust 2003-AR2, Floating Rate Note, 12/19/33 0.8955 12/19/2033 91,824,870 4,838,504
Government National Mortgage Association I, 6.0%, 6/15/17 6.0 06/15/2017 2,359,004 45,202
Fannie Mae, 4.0%, 7/1/18 4.0 07/01/2018 75,000 4,799
Chesapeake Funding LLC, Floating Rate Note, 5/7/24 (144A) 1.3085 05/07/2024 1,700,000 1,710,108
Domino's Pizza Master Issuer LLC, 5.216%, 1/25/42 (144A) 5.216 01/25/2042 14,228,000 14,662,544
Fannie Mae, 5.0%, 6/1/22 5.0 06/01/2022 2,077,680 199,471
Citicorp Residential Mortgage Trust Series 2006-3, 5.703%, 11/25/36 (Step) 5.703 11/25/2036 16,725,000 9,465,504
Fannie Mae, 5.0%, 7/1/35 5.0 07/01/2035 42,393,553 4,824,085
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/20/2019 5,768,666 5,772,272
Home Equity Asset Trust 2006-4, Floating Rate Note, 8/25/36 0.325 08/25/2036 7,062,778 2,091,882
The Hanover Insurance Group, Inc., 6.375%, 6/15/21 6.375 06/15/2021 12,600,000 14,841,480
JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16, 3.07%, 12/17/46 3.07 12/17/2046 10,620,000 11,039,990
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7703 04/30/2018 8,650,000 8,812,764
Cengage Learning Holdings II LP     90,687 2,879,312
National JSC Naftogaz of Ukraine, 9.5%, 9/30/14 9.5 09/30/2014 4,600,000 4,610,503
Republic of Ghana, 7.875%, 8/7/23 (144A) 7.875 08/07/2023 16,455,000 16,023,570
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 8.9304 12/06/2015 2,750,000 2,918,613
Government National Mortgage Association I, 5.5%, 9/15/19 5.5 09/15/2019 2,037,648 115,177
Spectra Energy Capital LLC, 6.75%, 7/15/18 6.75 07/15/2018 2,140,000 2,465,230
Federal National Mortgage Association, 4.0%, 8/1/44 4.0 08/01/2044 1,200,000 1,275,411
Government National Mortgage Association I, 6.0%, 9/15/33 6.0 09/15/2033 1,501,891 84,164
Government National Mortgage Association I, 5.5%, 4/15/34 5.5 04/15/2034 3,032,660 311,648
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 2,050,000 1,960,779
Bear Stearns ARM Trust 2003-5, Floating Rate Note, 8/25/33 2.325 08/25/2033 12,112,000 959,320
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 1.2341 01/23/2021 277,667 277,176
Berkeley-Kane Flt% 12jun15   06/12/2015 2,646,751 2,683,541
Government National Mortgage Association I, 6.0%, 11/15/16 6.0 11/15/2016 1,500,000 16,915
ON Semiconductor Corp., 2.625%, 12/15/26 2.625 12/15/2026 1,255,000 1,490,116
Prudential Financial, Inc., Floating Rate Note, 9/15/42 5.875 09/15/2042 7,575,000 8,323,615
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 8.0304 06/06/2016 4,500,000 4,957,600
Federal Home Loan Mortgage Corp., 4.5%, 9/1/41 4.5 09/01/2041 324,372 311,745
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 16,300,000 17,187,888
Alpha Natural Resources, Inc., 6.25%, 6/1/21 6.25 06/01/2021 1,860,000 1,302,840
Energy Transfer Partners LP, Floating Rate Note, 11/1/66 3.2571 11/01/2066 4,234,000 3,959,314
RFMSI Series 2005-S5 Trust, 5.25%, 7/25/35 5.25 07/25/2035 7,648,459 4,306,734
ZIGGO BV, (USD) TLB3, 1/15/22   01/15/2022 2,743,404 2,693,252
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 6.375 09/01/2024 7,500,000 8,408,047
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 7.5 12/15/2021 16,950,000 18,231,844
Israel Electric Corp, Ltd., 6.7%, 2/10/17 (144A) 6.7 02/10/2017 4,150,000 4,526,497
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22 4.7 10/15/2022 11,560,000 12,315,446
Federal Home Loan Mortgage Corp., 5.0%, 11/1/34 5.0 11/01/2034 750,000 89,702
Tengizchevroil Finance Co Sarl, 6.124%, 11/15/14 (144A) 6.124 11/15/2014 10,805,000 799,583
Fannie Mae, 5.5%, 2/1/23 5.5 02/01/2023 12,500,000 563,661
Cequel Communications LLC, Term Loan, 2/14/19 3.5 01/31/2019 1,937,130 1,929,020
Par Pharmaceutical Companies, Inc., Term B-2 Loan, 9/28/19 4.0 09/28/2019 9,190,392 9,153,060
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 8.6 04/08/2016 4,800,000 5,033,093
Residential Asset Securitization Trust 2004-A7, Floating Rate Note, 10/25/34 0.605 10/25/2034 28,000,000 2,098,429
JPMorgan Chase & Co., Floating Rate Note (Perpetual) 7.9 04/29/2049 16,552,000 18,746,519
Poland Government International Bond, 4.0%, 1/22/24 4.0 01/22/2024 6,700,000 7,050,693
Government National Mortgage Association I, 6.5%, 9/15/32 6.5 09/15/2032 1,709,146 118,997
Fannie Mae, 5.5%, 3/1/25 5.5 03/01/2025 8,000,000 1,049,725
The Hertz Corp., Tranche B-1 Term Loan, 3/11/18 3.75 03/11/2018 1,231,250 1,227,402
New Jersey Economic Development Authority, 0.0%, 2/15/18 0.0 02/15/2018 19,893,000 18,405,203
Waupaca Foundry, Inc., Term Loan, 6/29/17 4.0 06/29/2017 3,833,881 3,835,480
Structured Asset Securities Corp Mortgage Loan Trust 2007-BC2, Floating Rate Note, 3/25/37 0.285 03/25/2037 1,300,000 838,416
Alterra Finance LLC, 6.25%, 9/30/20 6.25 09/30/2020 9,380,000 11,234,836
LeasePlan Corp NV, 2.5%, 5/16/18 (144A) 2.5 05/16/2018 6,400,000 6,513,249
Government National Mortgage Association I, 6.5%, 8/15/32 6.5 08/15/2032 300,000 5,010
Federal Home Loan Mortgage Corp., 5.0%, 12/1/34 5.0 12/01/2034 4,668,054 459,966
Tronox Pigments BV, New Term Loan, 3/19/20 4.0 01/24/2017 1,738,504 1,738,911
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 4.0 06/06/2020 2,772,000 2,761,893
Dubai Electricity & Water Authority, 7.375%, 10/21/20 (144A) 7.375 10/21/2020 5,720,000 7,201,063
Inter-American Development Bank, 4.5%, 2/4/16 4.5 02/04/2016 92,300,000,000 7,820,883
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 4.25 07/01/2021 7,534,231 7,534,231
Government National Mortgage Association I, 5.5%, 10/15/34 5.5 10/15/2034 2,500,000 346,814
IndyMac INDX Mortgage Loan Trust 2005-AR3, Floating Rate Note, 4/25/35 2.6738 04/25/2035 12,532,000 2,434,082
Government National Mortgage Association I, 4.0%, 9/18/14 4.0 09/18/2014 63,250,000 67,579,550
Tank Holding Corp., Initial Term Loan, 7/9/19 4.2757 06/08/2019 1,642,817 1,640,147
GTP Acquisition Partners I LLC, 7.628%, 6/15/41 (144A) 7.628 06/15/2016 10,580,000 11,231,086
JP Morgan Mortgage Trust 2014-1 REMICS, Floating Rate Note, 1/25/44 (144A) 4.0 01/25/2044 2,749,964 2,679,738
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 2,956,899 2,950,893
Ghana Government Bond, 26.0%, 6/5/17 26.0 06/05/2017 3,875,000 1,099,442
Firstar Realty LLC, 8.875% (Perpetual) (144A) 8.875   3,250 4,044,219
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.5175 04/09/2015 3,150,000 3,231,244
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 7.75 06/15/2019 11,775,000 12,833,523
Sierra Timeshare 2012-3 Receivables Funding LLC, 1.87%, 8/20/29 (144A) 1.87 08/20/2029 3,200,000 1,206,793
GMAT 2013-1 Trust, 3.9669%, 8/25/53 (Step) 3.9669 08/25/2053 8,507,000 8,043,325
US Silica Co., Term Loan, 7/23/20 4.0 05/31/2020 1,906,443 1,906,443
Federal Home Loan Mortgage Corp., 4.0%, 7/1/44 4.0 07/01/2044 1,500,000 1,593,900
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 16.28 11/10/2015 1,750,000 1,816,984