Pioneer Investments: Pioneer Strategic Income Fund


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Pioneer Strategic Income Fund

Monthly Portfolio Holdings as of 5/30/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
Amortizing Residential Collateral Trust 2002-BC1, Floating Rate Note, 1/25/32 1.425 01/25/2032 9,500,000 362,259
Cpi International Inc 1st Lien Tl-B L + 3.25% 31mar21 4.25 03/31/2021 1,500,000 1,503,125
Samarco Mineracao SA, 5.75%, 10/24/23 (144A) 5.75 10/24/2023 3,900,000 4,083,300
Government National Mortgage Association I, 4.5%, 4/15/35 4.5 04/15/2035 1,135,738 185,521
The Williams Companies, Inc., 7.75%, 6/15/31 7.75 06/15/2031 8,880,000 10,869,361
DuPont Fabros Technology LP, 5.875%, 9/15/21 5.875 09/15/2021 9,205,000 9,641,343
Fannie Mae, 4.5%, 11/1/40 4.5 11/01/2040 12,358,351 5,774,705
Fn 30 Yr Pool 5% #Ma0980 01dec41 5.0 12/01/2041 1,801,282 1,113,417
Fannie Mae, 4.0%, 8/1/43 4.0 08/01/2043 4,563,130 4,702,507
Axalta Coating Systems US Holdings, Inc., 2/1/20 3.2254 02/01/2020 5,793,000 5,797,524
Syniverse Holdings, Inc., 4/23/19 4.0 04/23/2019 2,181,423 2,184,833
DBUBS 2011-LC3 Mortgage Trust, Floating Rate Note, 8/10/44 (144A) 5.418 08/10/2044 6,767,000 7,705,913
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 3,510,000 3,583,866
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 5.5 02/01/2043 21,530,000 23,360,703
Ozburn-Hessey Holding Co LLC, 5/23/19 6.7525 05/07/2019 2,620,200 2,628,388
Westgate Resorts 2012-2 LLC, 4.5%, 1/20/25 (144A) 4.5 01/20/2025 3,725,000 1,750,743
Banc of America Alternative Loan Trust 2004-12, 5.5%, 1/25/20 5.5 01/25/2020 14,500,000 1,900,029
Federal Home Loan Mortgage Corp., 6.0%, 12/1/36 6.0 12/01/2036 1,820,000 195,730
Terex Corp., 4/28/17 3.5 04/28/2017 1,651,488 1,658,971
Hospitality Properties Trust, 5.0%, 8/15/22 5.0 08/15/2022 15,725,000 17,002,298
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 13,000,000 14,397,500
The Bank of New York Mellon Corp., Floating Rate Note, 12/31/49 (Perpetual) 4.5 12/29/2049 5,450,000 5,126,406
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 4.25 04/30/2028 6,200,000 5,896,458
Drillships Financing Holding, Inc., 3/31/21 6.0 03/02/2021 5,682,063 5,705,501
Bear Stearns Commercial Mortgage Securities Trust 2002-TOP6, Floating Rate Note, 10/15/36 (144A) 7.417 10/15/2036 4,400,000 754,807
MASTR Alternative Loan Trust 2003-5, 6.5%, 6/25/33 6.5 06/25/2033 34,701,000 1,104,481
MacDermid, Inc., 6/7/20 4.0 06/06/2020 2,779,000 2,781,315
Federal Home Loan Mortgage Corp., 5.0%, 11/1/39 5.0 11/01/2039 39,051,129 13,098,713
Government National Mortgage Association I, 5.5%, 4/15/34 5.5 04/15/2034 3,032,660 334,573
Golar LNG Partners LP, Floating Rate Note, 10/12/17 6.96 10/12/2017 32,000,000 5,692,315
Rosetta Resources, Inc., 5.625%, 5/1/21 5.625 05/01/2021 870,000 898,003
Univision Communications, Inc., 3/1/20 4.0 03/01/2020 7,003,279 6,990,148
Fannie Mae, 4.0%, 4/1/41 4.0 04/01/2041 450,000 354,179
Sequoia Mortgage Trust 2013-4, Floating Rate Note, 4/25/43 1.55 04/25/2043 2,930,000 2,510,036
Prestige Brands, Inc., 1/31/19 3.75 01/31/2019 646,067 647,683
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 1.125 09/01/2018 6,690,000 7,490,709
Highwoods Realty LP, 3.625%, 1/15/23 3.625 01/15/2023 9,060,000 9,096,353
U.S. Treasury Bonds, 4.375%, 2/15/38 4.375 02/15/2038 5,085,000 6,168,913
Indonesia Treasury Bond, 8.25%, 6/15/32 8.25 06/15/2032 222,011,000,000 19,066,481
JP Morgan Mortgage Trust 2014-1, Floating Rate Note, 1/25/44 (144A) 3.5 01/25/2044 3,579,000 3,546,611
Fannie Mae, 4.5%, 11/1/43 4.5 11/01/2043 1,435,575 1,561,146
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 6.375 05/15/2043 6,100,000 5,367,428
Noranda Aluminum Acquisition Corp., 2/28/19 5.75 02/17/2019 1,058,400 1,018,710
Alkermes, Inc., 9/25/19 3.5 09/25/2019 689,500 689,212
Grede Holdings Llc 1st Lien Tl-B L + 3.75% 21may21   05/21/2021 1,525,000 1,530,719
Government National Mortgage Association I, 6.5%, 10/15/31 6.5 10/15/2031 463,882 9,731
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 8.5 05/15/2020 6,850,000 8,070,826
SandRidge Energy, Inc., 8.125%, 10/15/22 8.125 10/15/2022 1,840,000 2,015,503
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 11.0101 01/27/2015 3,150,000 3,211,373
Concho Resources, Inc., 6.5%, 1/15/22 6.5 01/15/2022 5,125,000 5,801,785
Ameriprise Financial, Inc., Floating Rate Note, 6/1/66 7.518 06/01/2066 8,324,000 9,531,729
Fannie Mae, 6.0%, 3/1/33 6.0 03/01/2033 250,000 11,761
Merrill Lynch Mortgage Investors Trust Series MLCC 2004-D, Floating Rate Note, 9/25/29 0.93 09/25/2029 6,295,000 1,265,664
Michael Foods Group, Inc., 2/25/18 5.25 02/14/2018 636,734 637,662
Mexican Udibonos, 2.0%, 6/9/22 2.0 06/09/2022 55,000,000 22,014,940
Offshore Group Investment, Ltd., 7.5%, 11/1/19 7.5 11/01/2019 4,400,000 4,647,500
US Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 6.5   234,750 6,796,013
Nuance Communications, Inc., 2.75%, 11/1/31 2.75 11/01/2031 9,565,000 9,622,789
Brocade Communications Systems, Inc., 4.625%, 1/15/23 4.625 01/15/2023 1,500,000 1,454,958
Amherst College, 3.794%, 11/1/42 3.794 11/01/2042 2,300,000 2,116,004
Delta Air Lines 2010-2 Class A Pass Through Trust, 4.95%, 5/23/19 4.95 05/23/2019 3,100,000 2,458,210
Lorillard Tobacco Co., 3.75%, 5/20/23 3.75 05/20/2023 4,700,000 4,646,415
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 8.549 01/05/2017 3,100,000 3,316,026
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 7.125   642,000 17,757,720
Bumi Capital Pte, Ltd., 12.0%, 11/10/16 (144A) 12.0 11/10/2016 1,850,000 935,638
FREMF Mortgage Trust 2010-K7, Floating Rate Note, 4/25/20 (144A) 5.4346 04/25/2020 3,900,000 4,408,832
JPMorgan Chase & Co., Floating Rate Note, 12/31/49 (Perpetual) 7.9 04/29/2049 20,727,000 23,506,145
Pinnacle Entertainment, Inc., 8/13/20 3.75 08/05/2020 4,209,882 4,213,545
Frontier Communications Corp., 8.5%, 4/15/20 8.5 04/15/2020 11,090,000 13,054,162
Credit-Based Asset Servicing and Securitization LLC, 5.70426%, 10/25/36 (Step) (144A) 5.4961 10/25/2036 1,600,000 1,569,542
Morgan Stanley Capital I Trust 2005-HQ6, Floating Rate Note, 8/13/42 5.073 08/13/2042 3,404,000 3,538,392
Fg 30 Yr Pool 4.5% #G07568 01sep41 4.5 09/01/2041 324,372 330,019
Queen City Re, Floating Rate Note, 1/6/19 (Cat Bond) (144A) 3.5456 01/06/2019 1,000,000 981,353
GSR Mortgage Loan Trust 2005-1F, 6.0%, 2/25/35 6.0 02/25/2035 4,585,000 2,798,720
Mueller Water Products, Inc., 7.375%, 6/1/17 7.375 06/01/2017 4,465,000 4,696,622
RESI Finance LP, Floating Rate Note, 9/10/35 (144A) 1.5503 09/10/2035 19,900,000 4,032,517
Building Materials Corp of America, 6.75%, 5/1/21 (144A) 6.75 05/01/2021 3,665,000 3,978,816
Government National Mortgage Association I, 7.5%, 8/15/29 7.5 08/15/2029 100,063 131
Allied Security Holdings LLC, 2/12/21 3.4834 02/12/2021 1,316,834 1,313,747
Fannie Mae, 4.0%, 9/1/37 4.0 09/01/2037 907,922 732,961
Commercial Mortgage Pass Through Certificates, 2.822%, 11/15/45 2.822 10/15/2045 3,875,000 3,816,475
Government National Mortgage Association I, 5.5%, 10/15/34 5.5 10/15/2034 2,500,000 347,300
Wells Fargo Mortgage Backed Securities 2005-AR10 Trust, Floating Rate Note, 6/25/35 2.6145 06/25/2035 4,600,000 1,577,533
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 50,000 54,882
Residential Asset Securitization Trust 2004-A10, 5.5%, 2/25/35 5.5 02/25/2035 26,205,000 884,994
United Airlines, Inc., 4/1/19 3.5 03/12/2019 990,000 992,970
Vertafore, Inc., 10/3/19 4.25 10/20/2019 5,768,666 5,784,288
Oasis Petroleum, Inc., 6.875%, 3/15/22 (144A) 6.875 03/15/2022 4,420,000 4,870,901
Select Medical Corp., 6/1/18 3.7502 06/01/2018 2,064,028 2,062,738
RCMC LLC, 5.62346%, 11/15/44 (144A) 5.6235 11/15/2044 2,512,000 2,176,404
Global Mortgage Securitization, Ltd., Floating Rate Note, 4/25/32 0.42 04/25/2032 80,580,000 8,628,167
Digital Realty Trust, Inc., 5.875%, 12/31/49 (Perpetual) 5.875   100,000 2,234,000
Provincia de Neuquen Argentina, 7.875%, 4/26/21 (144A) 7.875 04/26/2021 3,700,000 3,160,528
JBS USA LLC, 8.25%, 2/1/20 (144A) 8.25 02/01/2020 4,650,000 5,190,563
CFG Investment SAC, 9.75%, 7/30/19 (144A) 9.75 07/30/2019 6,385,000 6,480,775
Kleopatra Acquisition Corp., 12/21/16 4.75 12/14/2016 1,280,046 1,290,181
Velo Holdings, Inc., 2/2/18 15.0 12/03/2017 2,696 2,723
JP Morgan Mortgage Trust 2013-2, Floating Rate Note, 5/25/43 (144A) 3.7203 05/25/2043 3,983,000 3,804,473
Madison Avenue Manufactured Housing Contract Trust 2002-A, Floating Rate Note, 3/25/32 2.4 03/25/2032 7,961,000 4,547,759
Fannie Mae, 7.0%, 2/1/29 7.0 02/01/2029 43,569 687
Virgin Media Investment Holdings, Ltd., 6/8/20 3.5 02/06/2020 25,310,000 25,139,942
Fannie Mae, 6.5%, 4/1/29 6.5 04/01/2029 40,000 401
Lehman Brothers Small Balance Commercial, Floating Rate Note, 9/25/30 (144A) 0.4 09/25/2030 11,903,557 2,138,174
RALI Series 2003-QS1 Trust, 5.0%, 1/25/33 5.0 01/25/2033 20,000,000 246,271
Volcan Cia Minera SAA, 5.375%, 2/2/22 (144A) 5.375 02/02/2022 3,360,000 3,368,797
CCO Holdings LLC, 7.375%, 6/1/20 7.375 06/01/2020 3,775,000 4,272,828
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 10,800,000 9,544,185
CHL Mortgage Pass-Through Trust 2004-J2, 5.5%, 3/25/34 5.5 03/25/2034 3,250,000 1,320,593
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 8.0 05/02/2018 3,750,000 3,061,667
International Finance Corp., 7.75%, 12/3/16 7.75 12/03/2016 1,036,140,000 18,265,827
Government National Mortgage Association II, 5.5%, 10/20/37 5.5 10/20/2037 50,000 16,412
Protection One, Inc., 3/21/19 4.25 03/20/2019 1,505,766 1,510,001
COMM 2012-LC4 Mortgage Trust, Floating Rate Note, 12/10/44 4.934 12/10/2044 1,550,000 1,709,583
Irwin Whole Loan Home Equity Trust 2005-C, Floating Rate Note, 3/25/25 0.85 03/25/2025 1,900,000 945,759
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 6.375 10/01/2020 125,000 136,953
Fn 30 Yr Pool 5% #Aa9701 01jul39 5.0 07/01/2039 2,516,008 1,110,782
Verint Systems, Inc., 9/6/19 3.5 09/06/2019 9,235,371 9,224,982
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 8.1034 01/07/2016 1,400,000 1,472,213
Banc of America Alternative Loan Trust 2004-3, 5.0%, 4/25/19 5.0 04/25/2019 2,680,000 330,089
Windstream Corp., 8.125%, 9/1/18 8.125 09/01/2018 1,740,000 1,866,694
KENT BSF PROJECT, 0.0%, 8/11/14 0.0 08/11/2014 243,000,000 2,714,895
Boart Longyear Management Pty, Ltd., 7.0%, 4/1/21 (144A) 7.0 04/01/2021 2,950,000 2,246,917
Spmf 5.74% 20mar42 14-3a 5.74 03/20/2042 1,250,703 1,394,776
WESCO Distribution, Inc., 12/12/19 3.75 12/04/2019 4,599,670 4,604,702
Apex Tool Group LLC, 1/31/20 4.5 02/01/2020 1,350,000 1,317,938
Government National Mortgage Association, 3.0%, 4/20/41 3.0 04/20/2041 8,800,000 8,294,393
Scitor Corp., 2/15/17 5.0 01/21/2017 1,656,399 1,631,884
Fannie Mae, 6.0%, 6/1/37 6.0 06/01/2037 4,500,000 393,323
Fannie Mae, 5.5%, 5/1/33 5.5 05/01/2033 750,000 77,266
WaMu Mortgage Pass-Through Certificates Series 2004-AR3 Trust, Floating Rate Note, 6/25/34 2.3784 06/25/2034 2,575,000 431,918
Allegheny Technologies, Inc., 9.375%, 6/1/19 9.375 06/01/2019 3,645,000 4,724,893
Fannie Mae, 4.0%, 12/1/40 4.0 12/01/2040 9,810,000 7,365,239
First Investors Auto Owner Trust 2013-1, 2.53%, 1/15/20 (144A) 2.53 01/15/2020 1,600,000 1,606,375
Spectrum Brands, Inc., 8/13/19 3.5 08/13/2019 198,645 198,784
Sdart 1.62% 15feb19 14-2-B 1.62 02/15/2019 1,350,000 1,357,837
Bayview Commercial Asset Trust, 4.13574%, 7/25/37 (Step) (144A) 4.1269 07/25/2037 49,000,000 140,716
FREMF Mortgage Trust 2010-K8, Floating Rate Note, 9/25/43 (144A) 5.2382 09/25/2043 1,980,000 2,209,973
CenturyLink, Inc., 6.45%, 6/15/21 6.45 06/15/2021 4,100,000 4,580,691
ACE Securities Corp Home Equity Loan Trust Series 2005-SD3, Floating Rate Note, 8/25/45 0.55 08/25/2045 9,500,000 63,157
Fresnillo Plc, 5.5%, 11/13/23 (144A) 5.5 11/13/2023 7,550,000 8,004,888
WR Grace & Co., 1/23/21 3.0 01/23/2021 777,469 775,234
Banc of America Mortgage Trust 2004-7, 4.5%, 8/25/19 4.5 08/25/2019 5,418,000 492,097
BBVA Bancomer SA Texas, 4.375%, 4/10/24 (144A) 4.375 04/10/2024 2,500,000 2,562,066
Yavapai County Industrial Development Authority, Floating Rate Note, 3/1/28 4.9 03/01/2028 1,400,000 1,462,804
Eaton Vance Corp., 6.5%, 10/2/17 6.5 10/02/2017 19,000 22,135
Government National Mortgage Association I, 5.5%, 1/15/34 5.5 01/15/2034 3,238,092 334,908
JobsOhio Beverage System, 3.985%, 1/1/29 3.985 01/01/2029 17,600,000 18,121,033
New York State Dormitory Authority, 5.0%, 7/1/40 5.0 07/01/2040 6,100,000 7,090,416
Government National Mortgage Association I, 4.5%, 7/15/41 4.5 07/15/2041 2,197,000 1,458,753
IASIS Healthcare LLC, 5/3/18 4.5 05/03/2018 4,673,662 4,684,762
Gnsf 30yr Pool 4% Jun/11 Tba 4.0 01/15/2041 43,250,000 46,228,844
U.S. Treasury Bonds, 3.625%, 2/15/44 3.625 02/15/2044 5,000,000 5,355,698
FREMF Mortgage Trust 2011-K10 , Floating Rate Note, 11/25/49 (144A) 4.6154 11/25/2049 5,600,000 6,047,584
Government National Mortgage Association I, 6.5%, 5/15/29 6.5 05/15/2029 169,368 3,111
Sirius International Group, Ltd., 6.375%, 3/20/17 (144A) 6.375 03/20/2017 6,200,000 6,981,305
JPMorgan Chase & Co., 4.25%, 11/2/18 4.25 11/02/2018 15,300,000 12,606,855
Samson Investment Co., 10.5%, 2/15/20 (144A) 10.5 02/15/2020 4,710,000 5,071,035
FREMF Mortgage Trust 2011-K11 REMICS, Floating Rate Note, 12/25/48 (144A) 4.4207 12/25/2048 3,300,000 3,524,559
Digital Realty Trust LP, 5.875%, 2/1/20 5.875 02/01/2020 1,445,000 1,628,862
Government National Mortgage Association II, 7.0%, 1/20/29 7.0 01/20/2029 500,000 7,582
EP Energy LLC, 5/24/18 3.5 05/24/2018 3,656,667 3,654,952
UCI International, Inc., 7/26/17 5.5 07/04/2017 2,022,075 2,030,922
Government National Mortgage Association I, 6.5%, 9/15/32 6.5 09/15/2032 1,709,146 119,496
Summit Materials LLC, 1/30/19 5.0 01/30/2019 983,806 989,340
Federal Home Loan Mortgage Corp., 5.0%, 4/1/23 5.0 04/01/2023 3,790,330 437,700
Macquarie Group, Ltd., 6.25%, 1/14/21 (144A) 6.25 01/14/2021 7,750,000 9,067,382
Monitronics International, Inc., 3/23/18 4.25 03/23/2018 7,561,320 7,578,651
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,900,000 1,914,630
Impac CMB Trust Series 2005-2, Floating Rate Note, 4/25/35 0.67 04/25/2035 47,979,361 6,246,064
CGG SA, 9.5%, 5/15/16 9.5 05/15/2016 61,000 62,706
Corp Financiera de Desarrollo SA, 4.75%, 2/8/22 (144A) 4.75 02/08/2022 3,705,000 3,903,320
Fannie Mae, 4.5%, 5/1/41 4.5 05/01/2041 24,220,767 8,828,178
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 2,050,000 1,985,994
Viterra, Inc., 5.95%, 8/1/20 (144A) 5.95 08/01/2020 12,880,000 14,740,610
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 4.125 05/30/2023 5,175,000 5,223,438
Lion I Re, Ltd., Floating Rate Note, 4/28/17 (Cat Bond) (144A) 2.579 04/28/2017 1,600,000 2,156,342
American Home Mortgage Investment Trust 2005-1, Floating Rate Note, 6/25/45 2.323 06/25/2045 21,700,000 3,214,402
Alexandria Real Estate Equities, Inc., 4.6%, 4/1/22 4.6 04/01/2022 11,010,000 11,798,191
GATX Corp., 6.0%, 2/15/18 6.0 02/15/2018 6,865,000 7,913,414
Government National Mortgage Association I, 5.5%, 9/15/19 5.5 09/15/2019 2,037,648 122,076
Government National Mortgage Association II, 6.0%, 5/20/32 6.0 05/20/2032 3,000,000 104,204
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 7,600,000 7,375,167
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 11.779 11/10/2016 250,000 267,747
First Horizon Mortgage Pass-Through Trust 2005-AR2, Floating Rate Note, 6/25/35 2.5711 06/25/2035 16,257,000 3,321,692
City of Houston Texas Airport System Revenue, 6.75%, 7/1/29 6.75 07/01/2029 10,250,000 10,569,134
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 9.055 06/06/2015 4,000,000 4,256,000
Delta Air Lines, Inc., 10/18/18 3.5 10/18/2018 5,317,289 5,313,492
ZIGGO BV, (USD) TLB3, 1/15/22   01/15/2022 2,743,404 2,706,253
The PNC Financial Services Group, Inc., Floating Rate Note, 2/21/49 (Perpetual) 4.447 05/29/2049 15,605,000 15,655,486
Government National Mortgage Association I, 5.5%, 12/15/35 5.5 12/15/2035 2,360,900 385,458
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 13.5456 02/05/2015 400,000 417,450
Calpine Construction Finance Co LP, 5/3/20 3.0 05/01/2020 1,416,682 1,392,480
Ajecorp BV, 6.5%, 5/14/22 (144A) 6.5 05/14/2022 10,260,000 9,624,593
Metinvest BV, 8.75%, 2/14/18 (144A) 8.75 02/14/2018 5,675,000 5,185,287
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 2,700,000 2,743,905
Countrywide Asset-Backed Certificates, Floating Rate Note, 2/25/36 5.069 02/25/2036 6,561,000 1,283,891
Fannie Mae, 6.5%, 10/1/32 6.5 10/01/2032 511,093 25,547
Health Care Real Estate Investment Trust, Inc., 3.75%, 3/15/23 3.75 03/15/2023 6,300,000 6,415,364
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 7.875 10/15/2019 12,855,000 13,835,997
Fannie Mae, 5.5%, 4/1/34 5.5 04/01/2034 2,750,000 217,458
Israel Electric Corp, Ltd., 9.375%, 1/28/20 (144A) 9.375 01/28/2020 1,330,000 1,701,430
Fn 30 Yr Pool 5% #826689 01aug35 5.0 08/01/2035 24,222,081 3,332,569
Raymond James Financial, Inc., 4.25%, 4/15/16 4.25 04/15/2016 9,000,000 9,582,764
Government National Mortgage Association I, 6.0%, 5/15/16 6.0 05/15/2016 192,300 2,041
Province of Salta Argentina, 9.5%, 3/16/22 (144A) 9.5 03/16/2022 4,900,000 4,724,999
Wells Fargo Home Equity Asset-Backed Securities 2005-3 Trust, Floating Rate Note, 12/25/35 0.53 12/25/2035 2,600,000 992,896
CVS Pass-Through Trust, 6.036%, 12/10/28 6.036 12/10/2028 1,300,000 1,205,781
Tidewater Auto Receivables Trust 2012-A, 2.83%, 10/15/19 2.83 10/15/2019 600,000 612,605
EnLink Midstream Partners LP, 4.4%, 4/1/24 4.4 04/01/2024 5,840,000 6,185,979
Banc of America Alternative Loan Trust 2004-3, 6.0%, 4/25/34 6.0 04/25/2034 5,500,000 1,311,419
Tufts University, 5.017%, 4/15/12 5.017   14,800,000 15,389,774
First Data Corp., 3/24/21 4.2351 03/24/2021 115,933 116,259
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 6.375 04/15/2022 3,200,000 3,281,467
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/15/28 (144A) 1.9511 04/15/2028 6,500,000 6,454,001
ALROSA Finance SA, 7.75%, 11/3/20 (144A) 7.75 11/03/2020 3,175,000 3,527,513
New Jersey Economic Development Authority, 0.0%, 2/15/18 0.0 02/15/2018 19,893,000 18,316,679
Fannie Mae, 4.0%, 10/1/43 4.0 10/01/2043 6,376,304 6,341,999
Fannie Mae, 7.0%, 7/1/31 7.0 07/01/2031 306,031 1,209
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 2.5304 01/07/2019 800,000 811,973
Massachusetts Institute of Technology, 5.6%, 7/1/11 5.6   4,025,000 5,254,248
JP Morgan Mortgage Trust 2004-A2, Floating Rate Note, 5/25/34 2.609 05/25/2034 8,822,000 672,876
Ghana Government Bond, 21.0%, 10/26/15 21.0 10/26/2015 3,770,000 1,214,394
Government National Mortgage Association I, 6.0%, 6/15/17 6.0 06/15/2017 2,359,004 49,216
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/36 0.33 06/25/2036 12,298,000 2,990,815
Valero Energy Corp., 9.375%, 3/15/19 9.375 03/15/2019 4,414,000 5,896,114
JP Morgan Mortgage Acquisition Corp 2005-OPT2, Floating Rate Note, 12/25/35 0.39 12/25/2035 3,316,000 142,728
On Assignment, Inc., 5/15/20 3.5 05/16/2020 1,994,750 1,991,425
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 4.5456 12/06/2016 1,750,000 1,809,763
Astoria Financial Corp., 5.0%, 6/19/17 5.0 06/19/2017 10,175,000 11,237,677
WASH Multifamily Laundry Systems LLC, 2/21/19 4.5032 01/22/2019 1,167,748 1,167,748
JBS Investments GmbH, 7.75%, 10/28/20 (144A) 7.75 10/28/2020 5,100,000 5,510,826
Norway Government Bond, 2.0%, 5/24/23 2.0 05/24/2023 63,500,000 10,155,473
Fannie Mae, 3.5%, 11/1/42 3.5 11/01/2042 1,050,000 1,029,054
Nara Cable Funding, Ltd., 8.875%, 12/1/18 (144A) 8.875 12/01/2018 2,160,000 3,298,695
RALI Series 2004-QS5 Trust, Floating Rate Note, 4/25/34 0.75 04/25/2034 13,200,000 839,480
Newfield Exploration Co., 5.625%, 7/1/24 5.625 07/01/2024 6,125,000 6,666,680
Massachusetts Development Finance Agency, 5.375%, 4/1/41 5.375 04/01/2041 2,075,000 2,302,375
Accredited Mortgage Loan Trust, Floating Rate Note, 9/25/36 0.3 09/25/2036 9,396,000 4,577,593
Sequoia Mortgage Trust 2013-8, Floating Rate Note, 6/25/43 2.25 06/25/2043 3,745,000 3,248,838
Fn15 3.5% 17jun14 3.5 06/17/2014 15,900,000 16,848,921
Fg 30 Yr Pool 4.5% #Q22116 01sep43 4.5 09/01/2043 147,265 158,592
Empresas ICA SAB de CV, 8.375%, 7/24/17 (144A) 8.375 07/24/2017 3,400,000 3,661,163
Fannie Mae, 3.5%, 12/1/25 3.5 12/01/2025 19,734,423 7,168,859
Impac Secured Assets Trust 2006-5, Floating Rate Note, 12/25/36 0.35 12/25/2036 25,100,000 6,192,442
Hexion US Finance Corp., 8.875%, 2/1/18 8.875 02/01/2018 3,590,000 3,848,779
Alternative Loan Trust Resecuritization 2003-23T2R, 4.25%, 9/25/33 4.25 09/25/2033 44,943,000 1,725,643
RFMSI Series 2005-S5 Trust, 5.25%, 7/25/35 5.25 07/25/2035 7,648,459 4,590,969
Nationstar Home Equity Loan Trust 2007-A, Floating Rate Note, 3/25/37 0.3 03/25/2037 2,350,000 1,620,045
Fannie Mae, 4.5%, 4/1/41 4.5 04/01/2041 25,000 12,210
Federal National Mortgage Association REMICS, 3.5%, 1/25/29 3.5 01/25/2029 6,000,000 158,623
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 8.625 02/01/2020 3,220,000 3,441,375
Bowdoin College, 4.693%, 7/1/12 4.693   4,550,000 4,428,852
JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2, 3.6159%, 11/15/43 (144A) 3.6159 11/15/2043 4,400,000 4,700,209
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 6.75 10/01/2037 5,400,000 6,540,016
AccentCare, Inc., 12/22/16 6.5 12/22/2016 2,319,129 1,426,264
Hyundai Capital Services, Inc., 4.375%, 7/27/16 (144A) 4.375 07/27/2016 2,550,000 2,759,872
Exxi 7.5% 15dec21 7.5 12/15/2021 16,950,000 18,595,563
Government National Mortgage Association I, 6.0%, 6/15/33 6.0 06/15/2033 3,345,634 393,741
AngloGold Ashanti Holdings Plc, 5.375%, 4/15/20 5.375 04/15/2020 6,715,000 6,793,691
LeasePlan Corp NV, 2.5%, 5/16/18 (144A) 2.5 05/16/2018 6,400,000 6,438,475
Sequa Corp., 6/19/17 5.25 05/29/2017 6,764,375 6,706,594
DynCorp International, Inc., 7/7/16 6.25 07/07/2016 3,002,338 3,014,848
VOLT XXIV LLC, 3.25%, 11/25/53 (Step) 3.25 11/25/2053 6,000,000 5,970,163
Government National Mortgage Association I, 5.5%, 8/15/19 5.5 08/15/2019 711,545 102,066
Government National Mortgage Association I, 5.0%, 9/15/33 5.0 09/15/2033 5,011,663 834,883
Fg 30 Yr Pool 4.5% #C03486 01jul40 4.5 07/01/2040 13,110,785 3,946,196
RALI Series 2003-QS14 Trust, 5.0%, 7/25/18 5.0 07/25/2018 8,600,000 632,259
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 5.5 09/15/2020 2,141,566 2,173,571
GSAA Home Equity Trust 2005-11, Floating Rate Note, 10/25/35 0.4 10/25/2035 26,788,000 5,842,046
Stx 4.75% 01jan25 144a 4.75 01/01/2025 3,900,000 3,877,169
Government National Mortgage Association I, 4.5%, 1/15/40 4.5 01/15/2040 1,883,000 1,243,224
Government National Mortgage Association I, 5.5%, 2/15/37 5.5 02/15/2037 172 28
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 5.5 07/01/2032 4,550,000 6,263,651
Fx Vanilla Option Put Usd/Call Try 2.154 12 01 2015 Tr   01/12/2015 19,969,957 437,766
Samson Investment Co., 9/25/18 5.0 09/25/2018 2,350,000 2,354,615
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 5.5 01/15/2021 1,900,000 2,001,228
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 11/15/36 (144A) 6.006 11/15/2036 4,615,000 2,473,575
Structured Asset Securities Corp Mortgage Pass-Through Ctfs Ser 2003-22A, Floating Rate Note, 6/25/3 2.5119 06/25/2033 33,888,000 3,358,387
Government National Mortgage Association I, 6.0%, 11/15/18 6.0 11/15/2018 197,092 2,493
Alternative Loan Trust 2003-21T1, 5.75%, 12/25/33 5.75 12/25/2033 14,250,000 6,510,580
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 11,000,000 12,019,333
Government National Mortgage Association I, 6.5%, 10/15/32 6.5 10/15/2032 302,974 18,232
Fannie Mae, 5.0%, 6/1/22 5.0 06/01/2022 639,720 49,360
Bank of America Corp., 7.75%, 5/14/38 7.75 05/14/2038 17,800,000 24,519,904
Inter-American Development Bank, 4.5%, 2/4/16 4.5 02/04/2016 92,300,000,000 7,715,680
Wells Fargo Mortgage Backed Securities 2004-V Trust, Floating Rate Note, 10/25/34 2.6219 10/25/2034 9,498,000 1,483,892
The Allstate Corp., Floating Rate Note, 1/15/53 5.1 01/15/2053 631,450 15,843,081
Fannie Mae, 5.5%, 4/1/36 5.5 04/01/2036 2,000,200 254,449
Goldcorp, Inc., 3.7%, 3/15/23 3.7 03/15/2023 7,300,000 7,223,876
Flowserve Corp., 3.5%, 9/15/22 3.5 09/15/2022 1,755,000 1,753,294
Wells Fargo Mortgage Backed Securities 2005-AR6 Trust, Floating Rate Note, 4/25/35 4.9772 04/25/2035 4,996,000 419,161
Government National Mortgage Association I, 5.0%, 11/15/16 5.0 11/15/2016 1,229,667 59,692
AMG Capital Trust II, 5.15%, 10/15/37 5.15 10/15/2037 101,000 6,274,625
Garda World Security Corp., 11/8/20 4.0 11/08/2020 175,576 175,192
JPMorgan Chase & Co., Floating Rate Note, 12/31/49 (Perpetual) 5.15 12/29/2049 13,860,000 13,295,783
Pride International, Inc., 6.875%, 8/15/20 6.875 08/15/2020 2,250,000 2,782,688
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 3,050,000 2,501,767
Fn 30 Yr Pool 4.5% #Ai8193 01aug41 4.5 08/01/2041 71,193,582 32,583,453
Fn 30 Yr Pool 5% #975116 01may38 5.0 05/01/2038 9,123,173 1,109,695
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 57,000 5,804,310
Fannie Mae, 4.0%, 11/1/41 4.0 11/01/2041 55,000 22,654
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 1,328,000 1,464,120
WireCo WorldGroup, Inc., 2/15/17 6.0 04/13/2017 961,039 968,848
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 4.0304 05/05/2017 7,650,000 7,632,150
Cobalt International Energy, Inc., 2.625%, 12/1/19 2.625 12/01/2019 15,310,000 14,496,656
Cummins, Inc., 6.75%, 2/15/27 6.75 02/15/2027 1,385,000 1,768,619
Government National Mortgage Association I, 6.0%, 6/15/17 6.0 06/15/2017 6,900,000 175,753
Star West Generation LLC, 3/13/20 4.25 03/13/2020 2,200,000 2,201,375
Poland Government Bond, 5.5%, 4/25/15 5.5 04/25/2015 13,000,000 4,416,480
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 1,100,000 1,104,875
MMM Holdings, Inc., 12/12/17 9.75 10/09/2017 2,743,365 2,765,654
State of Wisconsin, 5.75%, 5/1/33 5.75 05/01/2033 3,650,000 4,259,958
Fannie Mae, 4.0%, 11/1/41 4.0 11/01/2041 7,857,077 3,373,746
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/25/29 (144A) 4.395 08/25/2029 1,301,000 1,320,246
Ah4r Flt% 17jun31 14-Sfr1-B 1.4985 06/17/2031 2,435,000 2,430,166
Arc Automotive Group, Inc., 11/15/18 6.0 11/01/2018 4,338,633 4,376,596
Cengage Learning Holdings II LP     90,687 3,315,789
Wells Fargo & Co., Floating Rate Note, 12/31/49 (Perpetual) 7.98 03/29/2049 2,450,000 2,831,212
Calpine Corp., 10/9/19 4.0 09/27/2019 1,083,500 1,087,732
Government National Mortgage Association I, 6.5%, 11/15/32 6.5 11/15/2032 2,258,707 94,102
Rosneft Finance SA, 6.625%, 3/20/17 (144A) 6.625 03/20/2017 1,395,000 1,528,315
Fannie Mae, 4.5%, 12/1/41 4.5 12/01/2041 60,000 52,902
Ally Financial, Inc., 7.0%, 12/31/49 (Perpetual) (144A) 7.0   15,956 16,171,406
Bayview Opportunity Master Fund Trust IIB LP, Floating Rate Note, 1/28/33 (144A) 2.9814 01/28/2033 2,500,000 1,169,487
Fannie Mae, 5.0%, 4/1/22 5.0 04/01/2022 327,117 21,335
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 5.85 05/21/2043 17,150,000 16,234,619
US Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 6.0   783,175 21,913,237
Alternative Loan Trust 2004-4CB, 4.25%, 4/25/34 4.25 04/25/2034 12,915,000 678,195
Envision Healthcare Corp., 5/25/18 4.0 04/05/2018 1,974,605 1,977,692
Fannie Mae, 4.0%, 4/1/42 4.0 04/01/2042 4,500,000 3,295,909
Fannie Mae, 4.0%, 2/1/44 4.0 02/01/2044 3,344,903 3,552,561
Global SC Finance II SRL, 4.11%, 7/19/27 (144A) 4.11 07/19/2027 4,000,000 3,288,407
West Corp., 6/30/18 3.25 06/30/2018 2,207,012 2,187,700
NSG Holdings LLC, 12/11/19 3.75 11/15/2019 4,005,692 4,020,713
Novatek OAO via Novatek Finance, Ltd., 4.422%, 12/13/22 (144A) 4.422 12/13/2022 15,700,000 14,752,285
Continental Airlines 1999-1 Class B Pass Through Trust, 6.795%, 8/2/18 6.795 08/02/2018 3,500,000 453,058
ACE Securities Corp Manufactured Housing Trust Series 2003-MH1, Floating Rate Note, 8/15/30 (144A) 6.5 08/15/2030 2,270,000 1,346,100
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 3.75 08/20/2025 1,250,000 859,410
Fannie Mae, 5.5%, 2/1/33 5.5 02/01/2033 500,000 7,337
Fncl 30yr Pool 4% Jun/09 Tba 4.0 06/25/2039 35,000,000 37,137,311
Fannie Mae, 5.5%, 3/1/21 5.5 03/01/2021 5,000,000 725,468
Spirit Master Funding VII LLC, 3.8868%, 12/20/43 3.8868 12/20/2043 900,000 918,060
Credit Suisse First Boston Mortgage Securities Corp., 5.0%, 8/25/20 5.0 08/25/2020 7,662,500 629,640
Sequoia Mortgage Trust 2004-8, Floating Rate Note, 9/20/34 0.8493 09/20/2034 11,000,000 1,047,884
JBS Finance II, Ltd., 8.25%, 1/29/18 (144A) 8.25 01/29/2018 3,713,000 4,071,227
Spectrum Brands Canada, Inc., 12/17/19 5.0012 11/06/2019 417,283 384,306
LEAF Receivables Funding 9 LLC, 5.11%, 9/15/21 (144A) 5.11 09/15/2021 3,010,000 3,096,902
Credit Suisse Commercial Mortgage Trust Series 2007-C1, 5.361%, 2/15/40 5.361 02/15/2040 17,350,000 14,302,201
Macquarie Group, Ltd., 6.0%, 1/14/20 (144A) 6.0 01/14/2020 5,945,000 6,871,423
Romania Government Bond, 5.95%, 6/11/21 5.95 06/11/2021 24,950,000 8,728,408
New York City Transitional Finance Authority Future Tax Secured Revenue, 5.0%, 11/1/33 5.0 11/01/2033 1,400,000 1,605,627
Fannie Mae, 5.0%, 2/1/22 5.0 02/01/2022 6,603,277 445,086
Government National Mortgage Association I, 6.5%, 5/15/32 6.5 05/15/2032 1,000,000 31,701
HCA, Inc., 6.5%, 2/15/20 6.5 02/15/2020 3,800,000 4,390,478
Brookfield Residential Properties, Inc., 6.125%, 7/1/22 (144A) 6.125 07/01/2022 5,880,000 6,221,163
WaMu Mortgage Pass-Through Certificates Series 2005-AR3 Trust, Floating Rate Note, 3/25/35 2.4134 03/25/2035 8,065,000 1,967,975
Irvine Core Office Trust 2013-IRV, Floating Rate Note, 5/15/48 (144A) 3.1731 05/15/2048 6,944,736 6,971,499
Fannie Mae, 3.5%, 12/1/42 3.5 12/01/2042 2,047,400 1,880,900
Sequoia Mortgage Trust 2004-9, Floating Rate Note, 10/20/34 0.4893 10/20/2034 25,450,610 2,794,741
Trust F, 5.25%, 12/15/24 (144A) 5.25 12/15/2024 5,270,000 5,559,850
Ellington Loan Acquisition Trust 2007-2, Floating Rate Note, 5/25/37 (144A) 0.9772 05/25/2037 11,108,000 1,346,528
Inversiones CMPC SA, 4.375%, 5/15/23 (144A) 4.375 05/15/2023 2,500,000 2,457,692
Crown Castle Towers LLC, 6.113%, 1/15/20 (144A) 6.113 01/15/2020 3,135,000 3,645,879
Kane-Pi1 Flt% 07apr15 4.839 04/07/2015 3,766,000 3,832,047
Virtual Radiologic Corp., 12/22/16 7.2516 12/22/2016 2,431,250 1,762,656
GSR Mortgage Loan Trust 2005-AR1, Floating Rate Note, 1/25/35 2.6687 01/25/2035 12,727,000 2,960,826
Ardagh Packaging Finance Plc, 9.125%, 10/15/20 (144A) 9.125 10/15/2020 7,250,000 8,113,908
Fannie Mae, 5.0%, 6/1/22 5.0 06/01/2022 2,077,680 208,799
The University of Texas System, 5.0%, 8/15/43 5.0 08/15/2043 2,210,000 2,514,035
GS Mortgage Securities Corp II Series 2005-GG4, 4.782%, 7/10/39 4.782 07/10/2039 5,609,335 5,765,976
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 4,620,000 4,800,822
Pacific Rubiales Energy Corp., 5.375%, 1/26/19 (144A) 5.375 01/26/2019 3,375,000 3,607,441
Springleaf Funding Trust 2014-A, 2.41%, 12/25/22 (144A) 2.41 12/25/2022 5,000,000 5,015,896
International Equipment Solutions LLC, 8/16/19 6.75 07/25/2019 5,499,614 5,537,424
Dycom Investments, Inc., 7.125%, 1/15/21 7.125 01/15/2021 3,500,000 3,856,708
Prestige Auto Receivables Trust 2011-1, 3.9%, 7/16/18 (144A) 3.9 07/16/2018 2,900,000 2,747,785
Independencia International, Ltd., 0.0%, 12/30/16 (144A) 0.0 12/30/2016 1,038,898 303,531
Impac Secured Assets Trust 2006-2, Floating Rate Note, 8/25/36 0.5 08/25/2036 6,850,000 2,133,973
Banco Continental SA via Continental Trustees Cayman, Ltd., Floating Rate Note, 10/7/40 (144A) 7.375 10/07/2040 6,400,000 6,983,024
Government National Mortgage Association I, 5.5%, 9/15/19 5.5 09/15/2019 2,522,582 294,420
Government National Mortgage Association I, 5.0%, 10/15/18 5.0 10/15/2018 402,294 36,969
WPE International Cooperatief UA, 10.375%, 9/30/20 (144A) 10.375 09/30/2020 4,360,000 2,647,792
Energy Transfer Partners LP, Floating Rate Note, 11/1/66 3.2429 11/01/2066 4,234,000 3,906,722
Novelis, Inc. Georgia, 3/10/17 3.75 03/10/2017 1,730,113 1,734,006
COMM 2011-FL1 Mortgage Trust, Floating Rate Note, 7/17/28 (144A) 4.814 07/17/2028 1,800,000 582,570
Fieldwood Energy LLC, 9/30/20 8.375 09/30/2020 5,710,000 5,899,715
JP Morgan Mortgage Trust 2005-A4, Floating Rate Note, 7/25/35 2.2351 07/25/2035 9,500,000 1,572,157
COMM 2000-C1 Mortgage Trust, Floating Rate Note, 8/15/33 (144A) 6.85 08/15/2033 1,400,000 187,315
Banc of America Alternative Loan Trust 2004-6, 5.0%, 7/25/19 5.0 07/25/2019 23,017,290 3,673,707
Revlon Consumer Products Corp., 11/19/17 3.25 11/19/2017 2,738,789 2,742,212
William Marsh Rice University, 4.626%, 5/15/63 4.626 05/15/2063 5,100,000 5,073,624
Morgan Stanley, 4.875%, 11/1/22 4.875 11/01/2022 4,400,000 4,730,183
Federal Home Loan Mortgage Corp., 4.5%, 10/1/35 4.5 10/01/2035 8,240,814 944,934
Cequel Communications LLC, 2/14/19 3.5 01/31/2019 1,942,087 1,943,787
Skillsoft Corporation 1st Lien Tl L + 3.5% 23apr21 4.5 04/23/2021 7,560,000 7,567,878
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 (144A) 1.875 09/01/2020 7,685,000 8,648,027
Arysta Lifescience SPC LLC, 5/29/20 4.5 05/22/2020 5,359,498 5,372,896
Prudential Financial, Inc., Floating Rate Note, 6/15/43 5.625 06/15/2043 11,240,000 12,121,638
Braskem Finance, Ltd., 7.375%, 12/31/49 (Perpetual) (144A) 7.375 10/29/2049 1,590,000 1,626,128
VOLT XXII LLC, 3.625%, 10/27/53 (Step) 3.625 10/27/2053 6,500,000 6,529,124
Bear Stearns Asset Backed Securities Trust 2006-1, Floating Rate Note, 2/25/36 0.43 02/25/2036 18,000,000 761,285
Triton Container Finance LLC, 4.21%, 5/14/27 (144A) 4.21 05/14/2027 5,415,000 4,344,312
Hyundai Capital America, 4.0%, 6/8/17 (144A) 4.0 06/08/2017 1,200,000 1,309,317
Expro Finance Luxembourg SCA, 8.5%, 12/15/16 (144A) 8.5 12/15/2016 1,710,000 1,853,973
BioScrip, Inc., 7/31/20 6.5 07/22/2020 4,315,919 4,342,894
Panoche Energy Center LLC, 6.885%, 7/31/29 (144A) 6.885 07/31/2029 3,015,000 2,969,768
Bear Stearns Asset Backed Securities Trust 2005-3, Floating Rate Note, 9/25/35 0.6 09/25/2035 5,500,000 32,457
Sector Re V, Ltd., 0.0%, 12/1/17 (Cat Bond) (144A) 0.0 12/01/2017 22,798 0
Israel Electric Corp, Ltd., 6.7%, 2/10/17 (144A) 6.7 02/10/2017 4,150,000 4,613,647
RALI Series 2003-QS11 Trust, 5.25%, 6/25/33 5.25 06/25/2033 1,413,328 764,498
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 5.7956 12/06/2016 7,100,000 7,478,686
Desarrolladora Homex SAB de CV, 9.75%, 3/25/20 (144A) 9.75 03/25/2020 5,065,000 1,273,109
JP Morgan Mortgage Trust 2013-2, Floating Rate Note, 5/25/43 (144A) 3.5 05/25/2043 4,348,000 3,948,127
California Educational Facilities Authority, 5.0%, 6/1/43 5.0 06/01/2043 8,675,000 11,419,683
Newhall Land Development LLC     269,588 1,213,146
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/36 5.5 07/01/2036 40,000 47,278
JLL, Initial Dollar Term Loan, 1/23/21 4.25 01/23/2021 2,460,000 2,440,672
Piedmont Operating Partnership LP, 3.4%, 6/1/23 3.4 06/01/2023 11,130,000 10,813,129
COMM 2012-CCRE4 Mortgage Trust, 2.436%, 10/15/45 2.436 10/15/2045 4,047,000 4,023,596
Juniper Generation LLC, 6.79%, 12/31/14 (144A) 6.79 12/31/2014 4,950,000 234,689
ALROSA Finance SA, 8.875%, 11/17/14 (144A) 8.875 11/17/2014 100,000 102,856
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 4.0 04/10/2021 8,682,433 8,693,286
Asciano Finance, Ltd., 4.625%, 9/23/20 (144A) 4.625 09/23/2020 1,602,000 1,696,036
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 5,300,000 5,411,079
Government National Mortgage Association I, 5.5%, 3/15/37 5.5 03/15/2037 5,905,797 267,469
Worthington Industries, Inc., 4.55%, 4/15/26 4.55 04/15/2026 3,875,000 4,038,761
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 6,310,000 6,977,991
American Credit Acceptance Receivables Trust 2012-2, 4.05%, 2/15/18 (144A) 4.05 02/15/2018 1,839,000 1,874,969
Thornburg Mortgage Securities Trust 2004-1, Floating Rate Note, 3/25/44 1.5733 03/25/2044 22,479,999 3,827,553
Pelican Products, Inc., 4/8/20   04/08/2020 2,724,282 2,751,524
Government National Mortgage Association I, 6.5%, 7/15/35 6.5 07/15/2035 161,566 34,003
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 5.625 03/15/2020 4,350,000 4,662,656
Government National Mortgage Association I, 6.5%, 9/15/32 6.5 09/15/2032 500,414 49,255
Fn 30 Yr Pool 3.5% #Ap2422 01aug42 3.5 08/01/2042 48,680,354 44,126,969
Government National Mortgage Association I, 6.0%, 7/15/38 6.0 07/15/2038 8,868,732 1,139,101
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 8.3956 02/05/2015 3,200,000 3,289,587
Aspen Insurance Holdings, Ltd., Floating Rate Note, 12/31/49 (Perpetual) 5.95   250,000 6,340,000
Structured Asset Investment Loan Trust 2006-1, Floating Rate Note, 1/25/36 0.35 01/25/2036 8,100,000 2,208,263
Government National Mortgage Association I, 6.0%, 2/15/33 6.0 02/15/2033 1,085,291 175,597
Fannie Mae, 6.5%, 2/1/32 6.5 02/01/2032 99,991 1,709
Alfa Bank OJSC Via Alfa Bond Issuance Plc, 7.875%, 9/25/17 (144A) 7.875 09/25/2017 843,000 922,611
Blue Danube II, Ltd., Floating Rate Note, 5/23/16 (Cat Bond) (144A) 0.0234 05/23/2016 5,200,000 5,241,338
Federal National Mortgage Association REMICS, 4.5%, 6/25/29 4.5 06/25/2029 4,635,000 4,606,365
Fannie Mae, 4.5%, 7/1/41 4.5 07/01/2041 39,417,029 25,216,115
City Center Trust 2011-CCHP, Floating Rate Note, 7/15/28 (144A) 4.65 07/15/2028 4,500,000 4,510,029
Telesat Canada, 3/28/19 3.5 03/28/2019 6,699,654 6,702,167
Sensus USA, Inc., 5/9/17 4.75 04/13/2017 1,442,773 1,447,581
Tyco Electronics Group SA, 6.55%, 10/1/17 6.55 10/01/2017 4,485,000 5,256,629
GMACM Mortgage Loan Trust 2005-AR2, Floating Rate Note, 5/25/35 4.6202 05/25/2035 12,188,000 2,827,320
Rovi Solutions Corp., 3/29/19 3.5 03/29/2019 3,616,557 3,605,255
Nationstar Mortgage Advance Receivables Trust 2013-T2, 2.19%, 6/20/46 (144A) 2.19 06/20/2046 1,725,000 1,717,184
CVS Pass-Through Trust, 5.773%, 1/10/33 (144A) 5.773 01/10/2033 6,090,000 6,302,840
Firstar Realty LLC, 8.875%, 12/31/49 (Perpetual) (144A) 8.875   3,250 4,032,031
FREMF Mortgage Trust 2010-K9 REMICS, Floating Rate Note, 9/25/45 (144A) 5.1924 09/25/2045 4,160,000 4,632,665
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 6.75 07/15/2021 15,875,000 17,589,500
WF-RBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A) 5.392 02/15/2044 1,200,000 1,329,585
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 10,355,000 11,959,306
RPI Finance Trust, 11/9/18 3.25 11/09/2018 7,898,748 7,921,789
DDR Corp., 4.625%, 7/15/22 4.625 07/15/2022 3,695,000 4,041,289
Cronos Containers Program, Ltd., 3.81%, 9/18/27 (144A) 3.81 09/18/2027 3,500,000 2,953,652
Bear Stearns Asset Backed Securities Trust 2006-4, Floating Rate Note, 10/25/36 0.28 10/25/2036 10,448,000 554,842
Ghana Government Bond, 19.24%, 5/30/16 19.24 05/30/2016 19,000,000 6,422,126
Banc of America Commercial Mortgage Trust 2007-3, Floating Rate Note, 6/10/49 5.5907 06/10/2049 1,400,000 1,460,680
Nordea Bank AB, 4.25%, 9/21/22 (144A) 4.25 09/21/2022 17,800,000 18,579,424
Gruposura Finance, 5.7%, 5/18/21 (144A) 5.7 05/18/2021 4,710,000 5,120,045
Federal Home Loan Mortgage Corp., 5.5%, 10/1/16 5.5 10/01/2016 1,152,073 8,072
Romania Government Bond, 5.85%, 4/26/23 5.85 04/26/2023 83,320,000 28,000,266
Dubai Electricity & Water Authority, 8.5%, 4/22/15 (144A) 8.5 04/22/2015 9,750,000 10,485,854
Odebrecht Offshore Drilling Finance, Ltd., 6.625%, 10/1/22 (144A) 6.625 10/01/2022 2,800,000 3,034,451
Maryland Health & Higher Educational Facilities Authority, 5.0%, 7/1/41 5.0 07/01/2041 3,700,000 4,192,445
Exopack Holdings SA, 4/14/19 5.25 04/14/2019 4,179,525 4,244,830
Fannie Mae, 6.0%, 3/1/32 6.0 03/01/2032 100,000 2,841
Asciano Finance, Ltd., 5.0%, 4/7/18 (144A) 5.0 04/07/2018 4,200,000 4,561,654
Buckeye Partners LP, 6.05%, 1/15/18 6.05 01/15/2018 1,770,000 2,052,017
Exeter Automobile Receivables Trust 2012-2, 3.06%, 7/16/18 (144A) 3.06 07/16/2018 3,000,000 3,065,118
Masco Corp., 7.125%, 3/15/20 7.125 03/15/2020 14,465,000 17,141,628
JP Morgan Mortgage Trust 2013-2, Floating Rate Note, 5/25/43 3.5 05/25/2043 5,250,000 4,865,124
The Hillman Companies, Inc., 5/28/17 3.75 05/31/2016 3,404,778 3,410,454
Marfrig Holding Europe BV, 9.875%, 7/24/17 (144A) 9.875 07/24/2017 9,500,000 10,828,450
Sempra Energy, 9.8%, 2/15/19 9.8 02/15/2019 50,000 68,450
Federal National Mortgage Association REMICS, 5.0%, 9/25/39 5.0 09/25/2039 3,078,000 703,076
County of Sweetwater Wyoming, 5.6%, 12/1/35 5.6 12/01/2035 3,285,000 3,455,787
Fn 30 Yr Pool 3.5% #Ao4385 01jun42 3.5 06/01/2042 2,314,862 2,070,094
Bumi Resources Tbk PT, 11/7/14 6.2907 11/07/2014 1,135,833 823,479
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 6,200,000 6,247,533
BRF SA, 3.95%, 5/22/23 (144A) 3.95 05/22/2023 3,500,000 3,310,572
First Franklin Mortgage Loan Trust 2004-FF10, Floating Rate Note, 9/25/34 1.23 09/25/2034 3,950,826 189,129
PQ Corp., 8/7/17 4.0 08/07/2017 6,270,625 6,296,103
Del Coronado Trust 2013-DEL, Floating Rate Note, 3/15/26 (144A) 2.1011 03/15/2026 2,842,000 2,831,440
Bayview Commercial Asset Trust, Floating Rate Note, 1/25/35 (144A) 1.15 01/25/2035 10,450,000 1,702,180
Massachusetts Health & Educational Facilities Authority, 6.0%, 7/1/36 6.0 07/01/2036 3,150,000 3,836,165
Allison Transmission, Inc., 8/23/19 3.75 08/23/2019 2,964,328 2,970,331
DaVita HealthCare Partners, Inc., 10/20/16 4.5 10/20/2016 2,225,250 2,235,264
Fannie Mae, 6.0%, 12/1/33 6.0 12/01/2033 2,000,000 158,310
Mcron Finance Sub LLC, 8.375%, 5/15/19 (144A) 8.375 05/15/2019 120,000 132,747
GS Mortgage Securities Trust 2013-GCJ12, 3.135%, 6/10/46 3.135 06/10/2046 7,000,000 6,968,630
Adjustable Rate Mortgage Trust 2004-5, Floating Rate Note, 4/25/35 2.5271 04/25/2035 1,070,000 4,426
The Ryland Group, Inc., 0.25%, 6/1/19 0.25 06/01/2019 4,280,000 3,975,050
Alfa Bank OJSC Via Alfa Bond Issuance Plc, 8.625%, 4/26/16 (144A) 8.625 04/26/2016 246,800,000 6,812,491
Affinion Group, Inc., 10/9/16 6.75 10/09/2016 7,520,679 7,564,329
Fannie Mae, 6.5%, 5/1/31 6.5 05/01/2031 392,161 3,729
Wells Fargo Commercial Mortgage Trust, Floating Rate Note, 11/15/43 (144A) 5.5848 11/15/2043 4,800,000 5,401,369
Origen Manufactured Housing Contract Trust 2004-A, Floating Rate Note, 1/15/35 5.91 01/15/2035 4,650,000 2,179,408
Government National Mortgage Association I, 5.5%, 3/15/37 5.5 03/15/2037 2,000,000 253,273
HLSS Servicer Advance Receivables Trust, 3.96%, 10/15/45 (144A) 3.96 10/15/2045 976,000 996,067
The Hanover Insurance Group, Inc., 6.375%, 6/15/21 6.375 06/15/2021 12,600,000 14,991,604
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 7.75 06/15/2019 11,775,000 13,049,480
SLM Corp., Floating Rate Note, 7/25/14 4.0 07/25/2014 4,559,000 4,571,203
Lehman ABS Manufactured Housing Contract Trust 2001-B, 5.873%, 4/15/40 5.873 04/15/2040 5,950,000 966,117
Confie seguros Holding II Co., 11/9/18 5.75 11/09/2018 1,661,147 1,667,999
Intercorp Retail Trust, 8.875%, 11/14/18 (144A) 8.875 11/14/2018 5,650,000 6,166,661
Sirius International Group, Ltd., Floating Rate Note, 12/31/49 (Perpetual) (144A) 7.506 05/29/2049 12,390,000 13,425,110
Flextronics International, Ltd., 5.0%, 2/15/23 5.0 02/15/2023 10,030,000 10,353,189
Government National Mortgage Association, Floating Rate Note, 3/16/53 1.0489 03/16/2053 35,900,000 2,614,171
Cme: (Cdx.Na.Hy.22.V2) Usd 20jun19 Z91jjmp14 500.0 06/20/2019 0 -6,546,834
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 6,086 1,706,604
Government National Mortgage Association I, 5.5%, 7/15/33 5.5 07/15/2033 1,500,000 156,536
Magnesita Finance, Ltd., 8.625%, 12/31/49 (Perpetual) (144A) 8.625 04/29/2049 4,200,000 4,146,100
Valmont Industries, Inc., 6.625%, 4/20/20 6.625 04/20/2020 3,870,000 4,638,989
Government National Mortgage Association II, 4.5%, 1/20/35 4.5 01/20/2035 4,000,000 864,906
Par Pharmaceutical Companies, Inc., 9/28/19 4.0 09/28/2019 9,190,392 9,184,648
SBP DPR Finance Co., Floating Rate Note, 3/15/17 (144A) 2.9834 03/15/2017 3,900,000 2,473,773
AngloGold Ashanti Holdings Plc, 5.125%, 8/1/22 5.125 08/01/2022 3,900,000 3,834,086
Chesapeake Energy Corp., 2.25%, 12/15/38 2.25 12/15/2038 4,600,000 4,455,100
Government National Mortgage Association I, 6.0%, 10/15/33 6.0 10/15/2033 3,000,000 87,981
Richland Towers Funding LLC, 7.87%, 3/15/16 (144A) 7.87 03/15/2016 3,250,000 3,432,792
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 8.955 12/06/2015 2,750,000 2,922,043
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 13,200,000 13,304,861
Fannie Mae, 4.0%, 7/1/18 4.0 07/01/2018 75,000 5,463
WCP Wireless Site Funding, 6.829%, 11/15/15 (144A) 6.829 11/15/2015 6,650,000 6,967,066
Westgate Resorts 2012-2 LLC, 3.0%, 1/20/25 (144A) 3.0 01/20/2025 6,250,000 2,909,601
WebMD Health Corp., 2.5%, 1/31/18 2.5 01/31/2018 2,430,000 2,485,181
JP Morgan Mortgage Trust 2004-S1, 6.0%, 9/25/34 6.0 09/25/2034 15,700,000 3,195,304
Vedanta Resources Plc, 6.0%, 1/31/19 (144A) 6.0 01/31/2019 5,850,000 6,220,988
Government National Mortgage Association I, 6.0%, 5/15/33 6.0 05/15/2033 4,328,222 238,089
Dubai Electricity & Water Authority, 7.375%, 10/21/20 (144A) 7.375 10/21/2020 5,720,000 7,067,000
Minerva Luxembourg SA, 12.25%, 2/10/22 (144A) 12.25 02/10/2022 5,000,000 5,857,604
Commonwealth Edison Co., 6.95%, 7/15/18 6.95 07/15/2018 4,246,000 5,165,410
AES Corp. Virginia, 6/1/18 3.75 05/27/2018 100,595 100,847
Impac CMB Trust Series 2004-6, Floating Rate Note, 10/25/34 0.95 10/25/2034 51,794,000 3,064,803
RALI Series 2004-QS16 Trust, 5.5%, 12/25/34 5.5 12/25/2034 29,500,000 2,212,549
CEMEX Espana SA, 9.875%, 4/30/19 (144A) 9.875 04/30/2019 5,098,000 5,919,946
Poland Government International Bond, 4.0%, 1/22/24 4.0 01/22/2024 6,700,000 7,096,789
Lear Corp., 11/9/14   11/09/2014 547 97,021
CubeSmart LP, 4.8%, 7/15/22 4.8 07/15/2022 3,205,000 3,518,299
Government National Mortgage Association I, 7.0%, 5/15/31 7.0 05/15/2031 138,853 2,614
Fannie Mae, 4.0%, 8/1/43 4.0 08/01/2043 6,883,801 6,915,414
CHL Mortgage Pass-Through Trust 2003-42, Floating Rate Note, 9/25/33 3.0104 09/25/2033 2,550,000 14,653
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.0203 02/25/2015 4,500,000 4,541,925
Kane Flt% 01dec20   12/01/2020 2,635,000 2,635,000
Metaldyne LLC, 12/18/18 4.25 12/18/2018 4,937,878 4,953,926
Government National Mortgage Association I, 6.5%, 10/15/31 6.5 10/15/2031 316,324 6,947
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 6.875 11/01/2019 6,230,000 5,751,718
Citigroup Mortgage Loan Trust, Inc., Floating Rate Note, 9/25/35 2.6265 09/25/2035 15,600,000 1,190,527
Tengizchevroil Finance Co Sarl, 6.124%, 11/15/14 (144A) 6.124 11/15/2014 10,805,000 793,848
Lam Research Corp., 1.25%, 5/15/18 1.25 05/15/2018 12,606,000 16,765,105
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A)   04/30/2018 6,100,000 6,136,082
Impac CMB Trust Series 2004-5, Floating Rate Note, 10/25/34 0.87 10/25/2034 28,850,000 1,767,612
CenturyLink, Inc., 7.65%, 3/15/42 7.65 03/15/2042 3,100,000 3,161,690
Republic of Ghana, 7.875%, 8/7/23 (144A) 7.875 08/07/2023 16,455,000 16,453,663
Mondi Consumer Packaging International AG, 9.75%, 7/15/17 (144A) 9.75 07/15/2017 3,425,000 5,110,527
Horizon Lines, Inc.     1,695,067 610,224
Banc of America Alternative Loan Trust 2004-4, 5.25%, 5/25/34 5.25 05/25/2034 17,500,000 2,325,220
Federal Home Loan Mortgage Corp., 5.0%, 12/1/34 5.0 12/01/2034 4,668,054 478,253
Tronox Pigments BV, 3/19/20 4.0 01/24/2017 1,742,894 1,747,096
Linn Energy LLC, 8.625%, 4/15/20 8.625 04/15/2020 3,374,000 3,693,757
SanDisk Corp., 0.5%, 10/15/20 (144A) 0.5 10/15/2020 7,285,000 8,883,248
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 5.2855 03/07/2016 4,433,000 4,517,892
Domino's Pizza Master Issuer LLC, 5.216%, 1/25/42 (144A) 5.216 01/25/2042 14,228,000 14,932,563
Alpha Natural Resources, Inc., 6.25%, 6/1/21 6.25 06/01/2021 1,860,000 1,332,225
Fannie Mae, 6.0%, 1/1/34 6.0 01/01/2034 1,800,000 138,387
Government National Mortgage Association I, 6.0%, 5/15/33 6.0 05/15/2033 10,057,421 542,604
Hyundai Capital America, 3.75%, 4/6/16 (144A) 3.75 04/06/2016 1,240,000 1,307,722
State Street Corp., Floating Rate Note, 12/31/73 5.9 12/31/2073 236,600 6,182,358
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6.75 10/01/2020 2,475,000 2,230,594
Louisiana Local Government Environmental Facilities & Community Development Authority, 6.75%, 11/1/3 6.75 11/01/2032 7,370,000 8,336,244
Mill US Acquisition LLC, 7/3/20 4.75 05/23/2020 3,250,438 3,273,191
Impac CMB Trust Series 2004-4, Floating Rate Note, 9/25/34 0.79 09/25/2034 73,742,000 3,233,876
CSMC Series 2010-14R, Floating Rate Note, 11/26/37 (144A) 1.15 11/26/2037 3,017,034 2,816,581
Federal Home Loan Mortgage Corp., 3.5%, 8/1/43 3.5 08/01/2043 6,782,428 6,945,853
Red de Carreteras de Occidente SAPIB de CV, 9.0%, 6/10/28 (144A) 9.0 06/10/2028 87,500,000 6,687,508
Fannie Mae, 4.0%, 12/1/41 4.0 12/01/2041 45,515,613 29,478,281
Government National Mortgage Association I, 6.5%, 3/15/32 6.5 03/15/2032 205,947 3,347
Fannie Mae, 3.5%, 11/1/42 3.5 11/01/2042 500,000 463,774
Government National Mortgage Association, Floating Rate Note, 8/16/52 1.0709 08/16/2052 55,500,000 3,629,817
Fn 30 Yr Pool 5% #Ae6438 01oct40 5.0 10/01/2040 1,617,334 1,118,218
Bayview Opportunity Master Fund IIa Trust 2013 Trust 2013-2RPL, 3.721%, 3/28/18 (Step) (144A) 3.721 03/28/2018 2,250,000 914,551
Enterprise Products Operating LLC, Floating Rate Note, 8/1/66 8.375 08/01/2066 3,683,000 4,264,607
Federal Home Loan Mortgage Corp. REMICS, 5.0%, 6/15/34 5.0 06/15/2034 8,360,000 1,272,162
Government National Mortgage Association I, 5.5%, 7/15/34 5.5 07/15/2034 4,540,000 519,632
Government National Mortgage Association I, 6.0%, 7/15/17 6.0 07/15/2017 6,000,000 148,413
RAMP Series 2006-NC1 Trust, Floating Rate Note, 1/25/36 0.34 01/25/2036 10,885,231 889,528
RFMSI Series 2005-S6 Trust, 5.25%, 8/25/35 5.25 08/25/2035 100,000 31,969
Home Equity Asset Trust 2006-4, Floating Rate Note, 8/25/36 0.32 08/25/2036 7,062,778 2,288,724
Seagate HDD Cayman, 4.75%, 6/1/23 (144A) 4.75 06/01/2023 13,870,000 14,372,788
Platinum Underwriters Finance, Inc., 7.5%, 6/1/17 7.5 06/01/2017 12,025,000 13,929,820
The Hertz Corp., 3/11/18 3.75 03/11/2018 1,234,375 1,236,433
Federal Home Loan Mortgage Corp., 6.0%, 3/1/33 6.0 03/01/2033 500,470 40,408
Myriad International Holdings BV, 6.375%, 7/28/17 (144A) 6.375 07/28/2017 6,600,000 7,494,506
RALI Series 2003-QS11 Trust, Floating Rate Note, 6/25/33 0.72 06/25/2033 34,154,338 3,509,290
Banco de Credito del Peru Panama, Floating Rate Note, 11/6/69 (144A) 9.75 11/06/2069 1,753,000 2,112,803
Nomura Asset Acceptance Corp Alternative Loan Trust Series 2003-A3, 5.5%, 8/25/33 (Step) 5.5 08/25/2033 43,853,000 3,118,935
Mexican Udibonos, 3.5%, 12/14/17 3.5 12/14/2017 44,360,000 19,521,096
New Jersey Transportation Trust Fund Authority, 5.5%, 6/15/41 5.5 06/15/2041 10,540,000 12,036,059
Cemex SAB de CV, Floating Rate Note, 9/30/15 (144A) 5.2336 09/30/2015 4,700,000 4,906,180
Government National Mortgage Association I, 5.125%, 10/15/38 5.125 10/15/2038 1,865,279 1,085,975
FREMF Mortgage Trust 2012-K710, Floating Rate Note, 6/25/47 (144A) 3.8185 06/25/2047 3,661,000 3,823,424
Federal Home Loan Mortgage Corp., 5.0%, 5/1/34 5.0 05/01/2034 1,278,937 90,135
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.555 04/09/2015 3,400,000 3,530,220
Fannie Mae, 4.0%, 11/1/43 4.0 11/01/2043 8,931,305 9,421,594
Vedanta Resources Plc, 9.5%, 7/18/18 (144A) 9.5 07/18/2018 4,040,000 4,828,193
Cummins, Inc., 5.65%, 3/1/98 5.65   14,150,000 16,370,800
Santander Drive Auto Receivables Trust 2012-1, 3.78%, 11/15/17 3.78 11/15/2017 2,420,000 2,492,932
Origen Manufactured Housing Contract Trust 2004-B, Floating Rate Note, 11/15/35 5.73 11/15/2035 1,500,000 716,245
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 8.7229 05/07/2015 250,000 260,342
Fx Vanilla Option Call Usd/Put Try 2.95 12 01 2015 Tr   01/12/2015 -19,969,960 -53,519
Houston Higher Education Finance Corp., 5.0%, 5/15/40 5.0 05/15/2040 4,700,000 5,293,244
Fn 30 Yr Pool 5% #829188 01jul35 5.0 07/01/2035 42,393,553 5,553,020
GCI, Inc., 8.625%, 11/15/19 8.625 11/15/2019 1,500,000 1,603,250
Carrington Mortgage Loan Trust Series 2005-NC4, Floating Rate Note, 9/25/35 0.55 09/25/2035 1,025,000 166,610
International Finance Corp., 5.0%, 12/21/15 5.0 12/21/2015 37,250,000 15,838,423
Beacon Container Finance LLC, 3.72%, 9/20/27 (144A) 3.72 09/20/2027 1,350,000 1,153,642
Sealed Air Corp., 10/3/18 3.0 10/03/2018 738,993 741,225
Lehman Brothers Small Balance Commercial Mortgage Trust 2007-3, Floating Rate Note, 10/25/37 (144A) 1.1 10/25/2037 4,690,000 1,427,667
Controladora Mabe SA de CV, 7.875%, 10/28/19 (144A) 7.875 10/28/2019 9,539,000 10,941,233
Unum Group, 5.625%, 9/15/20 5.625 09/15/2020 3,400,000 3,973,498
Turkey Government Bond, 10.5%, 1/15/20 10.5 01/15/2020 21,830,000 11,644,078
Targus Group International, Inc., 5/24/16 12.0 05/12/2016 4,110,325 3,486,933
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 10,771,000 11,936,437
New York State Dormitory Authority, 5.0%, 12/15/30 5.0 12/15/2030 12,505,000 14,604,534
Norway Government Bond, 4.5%, 5/22/19 4.5 05/22/2019 118,980,000 22,294,472
Federal Home Loan Mortgage Corp., 6.0%, 6/1/17 6.0 06/01/2017 14,424,315 208,587
FREMF Mortgage Trust 2011-K701, Floating Rate Note, 7/25/48 (144A) 4.286 07/25/2048 4,100,000 4,363,324
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 3.5304 05/05/2017 3,000,000 2,988,700
Ardagh Packaging Finance Plc, 9.25%, 10/15/20 (144A) 9.25 10/15/2020 11,058,000 16,841,265
Jefferies Resecuritization Trust 2009-R2, Floating Rate Note, 5/26/37 (144A) 2.5666 05/26/2037 3,350,000 856,068
Australia & New Zealand Banking Group, Ltd., 4.5%, 3/19/24 (144A) 4.5 03/19/2024 8,110,000 8,351,889
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.805 06/06/2015 7,100,000 7,577,850
Plains Exploration & Production Co., 6.75%, 2/1/22 6.75 02/01/2022 165,000 188,925
Fn15 3% 17jun14 3.0 06/17/2014 16,800,000 17,504,900
CCO Holdings LLC, 6.625%, 1/31/22 6.625 01/31/2022 10,705,000 11,811,183
IRSA Inversiones y Representaciones SA, 8.5%, 2/2/17 (144A) 8.5 02/02/2017 50,000 51,393
Banc of America Alternative Loan Trust 2003-2, 5.75%, 4/25/33 5.75 04/25/2033 30,900,000 3,658,959
Government National Mortgage Association II, 4.5%, 9/20/41 4.5 09/20/2041 17,265,000 9,857,125
Westgate Resorts 2012-A LLC, 2.25%, 8/20/25 (144A) 2.25 08/20/2025 3,750,000 2,557,306
Texas Municipal Gas Acquisition & Supply Corp III, 5.0%, 12/15/31 5.0 12/15/2031 9,165,000 9,891,102
Fannie Mae, 6.0%, 12/1/37 6.0 12/01/2037 7,118,373 485,974
Ship Midco, Ltd., 11/29/19 5.25 08/06/2017 2,270,659 2,290,527
Croatia Government International Bond, 5.5%, 4/4/23 (144A) 5.5 04/04/2023 7,900,000 8,303,339
HHI Holdings LLC, 10/5/18 5.0 10/05/2018 3,085,460 3,100,887
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 4.7304 01/07/2015 3,900,000 3,970,883
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 11.2652 11/10/2015 725,000 764,830
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 5.875 03/30/2033 6,215,000 6,539,993
Sierra Timeshare 2012-3 Receivables Funding LLC, 1.87%, 8/20/29 (144A) 1.87 08/20/2029 3,200,000 1,375,855
FREMF Mortgage Trust 2011-K702, Floating Rate Note, 4/25/44 (144A) 4.7704 04/25/2044 6,175,000 6,697,926
Ranpak Corp., 4/23/19 4.5 04/10/2019 3,088,845 3,108,150
Brazilian Government International Bond, 10.25%, 1/10/28 10.25 01/10/2028 14,150,000 7,006,571
Crown Castle Operating Co., 1/31/19 3.25 01/31/2019 0 0
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 3/25/34 2.8587 03/25/2034 16,200,000 1,171,124
National JSC Naftogaz of Ukraine, 9.5%, 9/30/14 9.5 09/30/2014 4,600,000 4,465,833
Resource Capital Corp CRE Notes 2013, Ltd., Floating Rate Note, 6/15/16 (144A) 2.3011 06/15/2016 4,950,000 4,955,087
TimberStar Trust 1, 5.668%, 10/15/36 (144A) 5.668 10/15/2036 750,000 830,252
GSAMP Trust 2006-HE8, Floating Rate Note, 1/25/37 0.28 01/25/2037 1,256,000 320,554
Gates Investments LLC, 9/29/16 3.75 09/29/2016 1,724,073 1,727,728
BRF SA, 5.875%, 6/6/22 (144A) 5.875 06/06/2022 7,810,000 8,637,046
Fannie Mae, 6.5%, 7/1/31 6.5 07/01/2031 125,419 2,996
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 13,776,000 13,769,112
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 2.25 05/15/2041 13,410,000 12,643,954
Fannie Mae, 5.5%, 7/1/33 5.5 07/01/2033 1,900,000 102,922
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/4/16 (Cat Bond) (144A) 6.6492 08/04/2014 250,000 252,744
Banc of America Funding 2010-R4 Trust, Floating Rate Note, 8/26/36 (144A) 0.2825 08/26/2036 6,900,000 1,490,241
Gazprom OAO Via Gaz Capital SA, 8.146%, 4/11/18 (144A) 8.146 04/11/2018 765,000 892,230
MASTR Alternative Loan Trust 2004-13, Floating Rate Note, 1/25/35 6.0269 01/25/2035 6,500,000 1,441,158
Fn 30 Yr Pool 4.5% #As1131 01nov43 4.5 11/01/2043 14,886,677 14,119,535
Merna Reinsurance V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A)   04/07/2017 3,800,000 3,802,280
Government National Mortgage Association II, 6.0%, 10/20/33 6.0 10/20/2033 3,655,000 342,085
Fn 30 Yr Pool 5% #995862 01jul39 5.0 07/01/2039 17,025,069 2,219,390
UCFC Manufactured Housing Contract, Floating Rate Note, 4/15/29 6.995 04/15/2029 1,500,000 205,588
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 05/15/2025 2,000,000 1,967,989
Long Haul Holdings, Ltd., Facility B Loan, 11/17/13 6.2907 11/17/2013 1,066,849 426,740
Fannie Mae, 6.0%, 1/1/33 6.0 01/01/2033 502,267 21,001
MedAssets, Inc., 12/13/19 4.0 11/20/2019 1,740,000 1,740,522
Waste Industries USA, Inc., 3/17/17 4.25 02/23/2017 3,515,921 3,523,245
Government National Mortgage Association I, 7.0%, 5/15/29 7.0 05/15/2029 55,127 584
Fannie Mae, 6.0%, 11/1/32 6.0 11/01/2032 350,000 9,932
Mexican Bonos, 6.5%, 6/9/22 6.5 06/09/2022 272,040,000 22,945,055
NuStar Logistics LP, Floating Rate Note, 1/15/43 7.625 01/15/2043 280,950 7,591,269
Fannie Mae, 4.0%, 12/1/42 4.0 12/01/2042 46,000 15,021
Reinsurance Group of America, Inc., 6.45%, 11/15/19 6.45 11/15/2019 8,470,000 10,094,348
Truman Capital Mortgage Loan Trust, Floating Rate Note, 1/25/34 1.85 01/25/2034 3,275,000 3,219,965
Government National Mortgage Association II, 4.5%, 3/20/35 4.5 03/20/2035 4,250,000 916,662
Activision Blizzard, Inc., 5.625%, 9/15/21 (144A) 5.625 09/15/2021 6,015,000 6,552,591
Fannie Mae, 4.0%, 4/1/42 4.0 04/01/2042 9,200,000 5,008,333
FREMF Mortgage Trust 2011-K701, Floating Rate Note, 7/25/48 (144A) 4.286 07/25/2048 4,775,000 4,987,914
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 6,375,000 6,783,398
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-2, Floating Rate Note, 9/25/36 (144A) 0.35 09/25/2036 7,795,976 1,859,390
Government National Mortgage Association I, 6.0%, 1/15/33 6.0 01/15/2033 4,325,436 200,590
Truven Health Analytics, Inc., 6/6/19 4.5 05/23/2019 6,927,154 6,879,530
Tasc Inc/Va 1st Lien Tl-B L + 5.5% 12may20   05/12/2020 1,449,388 1,434,532
Univision Communications, Inc., 3/1/20 4.0 03/01/2020 2,227,500 2,223,787
Aviation Capital Group Corp., 4.625%, 1/31/18 (144A) 4.625 01/31/2018 3,200,000 3,410,962
Chaparral Energy, Inc., 7.625%, 11/15/22 7.625 11/15/2022 3,475,000 3,712,651
California Republic Auto Receivables Trust 2012-1, 3.0%, 1/15/20 (144A) 3.0 01/15/2020 3,026,000 3,136,801
Government National Mortgage Association I, 5.5%, 2/15/35 5.5 02/15/2035 5,109,070 298,612
Ventas Realty LP, 4.75%, 6/1/21 4.75 06/01/2021 8,130,000 9,171,721
GS Mortgage Securities Corp II, 3.682%, 2/10/46 (144A) 3.682 02/10/2046 4,500,000 4,543,845
Ghana Government Bond, 26.0%, 6/5/17 26.0 06/05/2017 3,875,000 1,483,186
Capital One Bank USA NA, 8.8%, 7/15/19 8.8 07/15/2019 2,030,000 2,684,351
Citicorp Residential Mortgage Trust Series 2006-1, 5.939%, 7/25/36 (Step) 5.939 07/25/2036 8,200,000 6,085,222
Hilcorp Energy I LP, 7.625%, 4/15/21 (144A) 7.625 04/15/2021 5,768,000 6,364,948
The Hanover Insurance Group, Inc., 7.5%, 3/1/20 7.5 03/01/2020 6,267,000 7,621,035
Government National Mortgage Association I, 6.5%, 8/15/32 6.5 08/15/2032 344,471 5,583
First Horizon Mortgage Pass-Through Trust 2004-AR5, Floating Rate Note, 10/25/34 5.2127 10/25/2034 13,679,000 985,473
MASTR Adjustable Rate Mortgages Trust 2003-3, Floating Rate Note, 9/25/33 2.1105 09/25/2033 2,950,000 931,613
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A)   04/30/2018 1,300,000 1,302,210
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (Cat Bond) (144A) 4.0203 06/28/2016 3,850,000 3,888,628
BioScrip, Inc., 7/31/20 6.5 07/22/2020 2,589,552 2,605,736
Fannie Mae, 4.0%, 2/1/43 4.0 02/01/2043 2,200,000 1,841,618
Banc of America Mortgage 2003-H Trust, Floating Rate Note, 9/25/33 2.7535 09/25/2033 46,300,000 2,864,352
Windstream Corp., 7.75%, 10/15/20 7.75 10/15/2020 8,680,000 9,503,756
Wynn Las Vegas LLC, 5.375%, 3/15/22 5.375 03/15/2022 11,470,000 12,116,303
CHS, 1/27/21 4.25 01/27/2021 6,160,162 6,202,513
IPIC GMTN, Ltd., 5.5%, 3/1/22 (144A) 5.5 03/01/2022 11,820,000 13,768,494
CEVA GROUP Plc     1,069 1,188,929
RegionalCare Hospital Partners, Inc., 4/21/19 6.0 04/21/2019 3,209,456 3,199,427
Impac CMB Trust Series 2004-9, Floating Rate Note, 1/25/35 0.91 01/25/2035 43,500,000 3,084,948
Federal Home Loan Mortgage Corp., 6.5%, 9/1/32 6.5 09/01/2032 100,000 2,755
Bosphorus 1 Re, Ltd., Floating Rate Note, 5/3/16 (Cat Bond) (144A) 2.5456 05/03/2016 1,400,000 1,403,974
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 0.0   5,351,000 3,992,667
Fannie Mae, 4.0%, 5/1/42 4.0 05/01/2042 150,000 132,508
Fannie Mae, 5.5%, 6/1/33 5.5 06/01/2033 852,000 46,663
Government National Mortgage Association I, 6.0%, 6/15/33 6.0 06/15/2033 2,500,000 117,644
Electricite de France, Floating Rate Note, 12/31/49 (Perpetual) (144A) 5.25 01/29/2049 16,300,000 17,045,325
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 6.5 12/15/2020 3,460,000 3,754,004
Liberty Mutual Group, Inc., 5.0%, 6/1/21 (144A) 5.0 06/01/2021 6,970,000 7,898,306
GTP Towers Issuer LLC, 4.436%, 2/15/15 (144A) 4.436 02/15/2015 8,065,000 8,229,151
Norway Government Bond, 4.25%, 5/19/17 4.25 05/19/2017 234,080,000 42,135,686
Desarrolladora Homex SAB de CV, 0.0%, 12/11/19 (144A) 0.0 12/11/2019 3,140,000 576,975
Bear Stearns ARM Trust 2004-9, Floating Rate Note, 11/25/34 3.4299 11/25/2034 27,154,758 3,733,170
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 7,925,000 8,294,194
Mack-Cali Realty LP, 3.15%, 5/15/23 3.15 05/15/2023 5,975,000 5,474,367
CEVA GROUP Plc, 0.0%, 12/31/14 0.0 12/31/2014 2,313 2,573,713
DBUBS 2011-LC1 Mortgage Trust, Floating Rate Note, 11/10/46 (144A) 5.5572 11/10/2046 2,950,000 3,351,970
Appvion, Inc., 6/28/19 5.75 06/04/2019 11,785,938 11,892,753
DDR Corp., 4.75%, 4/15/18 4.75 04/15/2018 1,261,000 1,386,753
Microsemi 1st Lien Tl L + 2.5% 14mar21 3.25 03/14/2021 1,852,642 1,844,825
Fannie Mae, 4.5%, 11/1/43 4.5 11/01/2043 3,906,562 4,251,367
Walter Energy, Inc., 4/2/18 7.25 02/03/2018 3,035,847 2,948,251
Fifth Third Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 6.625 12/31/2049 316,400 8,432,060
Kinder Morgan Energy Partners LP, 4.15%, 3/1/22 4.15 03/01/2022 11,960,000 12,551,434
Bear Stearns ARM Trust 2004-12, Floating Rate Note, 2/25/35 4.8222 02/25/2035 7,000,000 1,177,324
Entercom Radio LLC, 11/23/18 4.0171 11/23/2018 1,395,724 1,400,522
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 6.2273 04/10/2015 400,000 411,244
Government National Mortgage Association, Floating Rate Note, 2/16/53 1.026 02/16/2053 50,450,000 3,841,928
Central American Bottling Corp., 6.75%, 2/9/22 (144A) 6.75 02/09/2022 2,795,000 3,024,889
FREMF Mortgage Trust 2012-K708, Floating Rate Note, 2/25/45 (144A) 3.7586 02/25/2045 25,000 25,448
General Electric Capital Corp., Floating Rate Note, 12/31/49 (Perpetual) 7.125 12/29/2049 20,800,000 25,227,367
AdvancePierre Foods, Inc., 7/10/17 5.75 06/17/2017 1,367,125 1,367,125
Digital Realty Trust LP, 3.625%, 10/1/22 3.625 10/01/2022 6,300,000 6,014,343
Pangaea Re, 0.0%, 10/1/15 (Cat Bond) 0.0 10/01/2015 8,384,338 9,416,450
The Goodyear Tire & Rubber Co., 4/30/19 4.75 03/27/2019 9,925,000 9,995,219
Federal Home Loan Mortgage Corp., 5.0%, 9/1/38 5.0 09/01/2038 10,000,000 1,112,050
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 4.0253 05/18/2016 5,000,000 5,040,167
Windstream Corp., 6.375%, 8/1/23 6.375 08/01/2023 9,870,000 10,005,713
Springleaf Funding Trust 2013-A, 2.58%, 9/15/21 (144A) 2.58 09/15/2021 10,000,000 10,074,837
Indonesia Treasury Bond, 7.0%, 5/15/22 7.0 05/15/2022 34,113,000,000 2,755,572
Reliance Holding USA, Inc., 4.5%, 10/19/20 (144A) 4.5 10/19/2020 3,125,000 3,289,834
Government National Mortgage Association I, 7.0%, 8/15/29 7.0 08/15/2029 712,236 10,847
The PNC Financial Services Group, Inc., Floating Rate Note, 12/31/49 (Perpetual) 6.75 07/29/2049 25,567,000 28,753,287
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 32,775,000 40,087,325
Federal Home Loan Mortgage Corp., 6.0%, 1/1/34 6.0 01/01/2034 1,000,000 117,942
RALI Series 2004-QS5 Trust, 5.75%, 4/25/34 5.75 04/25/2034 2,000,000 2,057,915
Ardent Medical Services, Inc., 7/2/18 6.75 05/02/2018 1,886,125 1,895,556
Oi SA, 5.75%, 2/10/22 (144A) 5.75 02/10/2022 9,080,000 9,057,931
Soundview Home Loan Trust 2006-1, Floating Rate Note, 2/25/36 0.34 02/25/2036 8,154,887 1,342,702
AmeriCredit Automobile Receivables Trust 2013-1, 1.57%, 1/8/19 1.57 01/08/2019 3,350,000 3,365,879
Kiowa Power Partners LLC, 5.737%, 3/30/21 (144A) 5.737 03/30/2021 3,775,000 4,000,657
Fannie Mae, 6.0%, 12/1/32 6.0 12/01/2032 3,234,929 83,603
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 9.5 05/04/2020 6,750,000 7,309,313
Nakilat, Inc., 6.267%, 12/31/33 (144A) 6.267 12/31/2033 4,240,000 4,406,712
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 5,000,000 5,446,969
COMM 2012-CCRE2 Mortgage Trust, 3.791%, 8/15/45 3.791 08/15/2045 1,900,000 1,972,512
Government National Mortgage Association I, 6.0%, 11/15/16 6.0 11/15/2016 1,500,000 18,833
Xerium Technologies, Inc., 5/17/19 6.2907 05/02/2019 792,000 798,600
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 6,200,000 5,963,625
JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2, Floating Rate Note, 11/15/43 (144A) 5.5082 11/15/2043 1,300,000 1,469,137
Rural, 6/30/18 8.0 03/28/2018 1,540,921 1,463,875
Lincoln National Corp., 8.75%, 7/1/19 8.75 07/01/2019 2,600,000 3,494,065
Government National Mortgage Association I, 5.5%, 3/15/37 5.5 03/15/2037 8,000,000 506,446
Government National Mortgage Association, Floating Rate Note, 9/16/52 1.0665 09/16/2052 55,000,000 4,348,819
Government National Mortgage Association I, 6.5%, 6/15/32 6.5 06/15/2032 124,988 4,659
Westgate Resorts LLC, 2.5%, 3/20/25 (144A) 2.5 03/20/2025 2,450,000 1,348,009
WR Grace & Co., 1/23/21 2.4836 01/23/2021 277,667 276,869
Government National Mortgage Association I, 6.0%, 10/15/37 6.0 10/15/2037 4,575,221 669,282
Banc of America Funding 2005-8 Trust, 5.5%, 1/25/36 5.5 01/25/2036 13,132,000 4,224,738
Option One Mortgage Loan Trust 2005-1, Floating Rate Note, 2/25/35 0.95 02/25/2035 6,200,000 2,087,037
Forethought Financial Group, Inc., 8.625%, 4/15/21 (144A) 8.625 04/15/2021 3,200,000 3,696,556
ConvaTec, Inc., 12/22/16 4.0 12/01/2016 3,954,363 3,965,487
Fg 30 Yr Pool 4.5% #G08549 01sep43 4.5 09/01/2043 10,925,958 10,464,604
Government National Mortgage Association I, 5.0%, 10/15/18 5.0 10/15/2018 2,975,000 185,577
Fannie Mae, 5.5%, 3/1/25 5.5 03/01/2025 8,000,000 1,100,818
Fn 30 Yr Pool 3.5% #Aq0220 01nov42 3.5 11/01/2042 2,205,966 2,070,094
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 5,795,000 6,550,241
Valeant Pharmaceuticals International, Inc., 8/5/20 3.75 05/20/2020 7,204,833 7,205,331
GE Business Loan Trust 2007-1, Floating Rate Note, 4/16/35 (144A) 0.3211 04/16/2035 6,500,000 2,970,573
Emdeon, Inc., 11/2/18 3.75 11/02/2018 1,964 1,965
Wachovia Bank NA, 6.0%, 11/15/17 6.0 11/15/2017 2,195,000 2,531,655
Golar LNG, Ltd., 3.75%, 3/7/17 3.75 03/07/2017 1,700,000 1,963,556
AmeriGas Finance LLC, 7.0%, 5/20/22 7.0 05/20/2022 5,350,000 5,923,193
JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8, Floating Rate Note, 10/15/45 (144A) 3.9767 10/15/2045 4,000,000 4,123,564
Oxford Finance Funding Trust 2012-1, 3.9%, 3/15/17 (144A) 3.9 03/15/2017 3,100,000 525,802
LSTAR Commercial Mortgage Trust, Floating Rate Note, 6/25/43 (144A) 5.3697 06/25/2043 4,920,000 5,197,306
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/34 2.48 06/25/2034 38,089,920 5,431,343
Phosagro OAO via Phosagro Bond Funding, Ltd., 4.204%, 2/13/18 (144A) 4.204 02/13/2018 5,550,000 5,564,497
Conseco Financial Corp., Floating Rate Note, 12/1/28