Pioneer Investments: Pioneer Dynamic Credit Fund


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Pioneer Dynamic Credit Fund

Monthly Portfolio Holdings as of 10/31/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A)   10/20/2020 600,000 600,233
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 1,610,000 1,585,190
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 9.0101 06/06/2015 1,250,000 1,317,250
Pacific Drilling SA, Term Loan, 6/3/18 4.5 06/03/2018 543,125 522,305
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 4.0 11/08/2020 52,409 51,296
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 3.4251 01/17/2019 250,000 253,639
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 10.265 01/08/2015 250,000 255,407
Kane Flt% 30jul16   07/30/2016 805,000 859,579
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 5.0 09/09/2017 744,375 736,001
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 5.75 12/15/2018 680,000 687,971
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 7.25 05/01/2022 600,000 627,338
Big Heart Pet Brands, Initial Term Loan, 2/24/20 3.5 02/24/2020 314,721 303,429
Murray Energy Corp., 8.625%, 6/15/21 (144A) 8.625 06/15/2021 650,000 692,304
Frontier Communications Corp., 7.625%, 4/15/24 7.625 04/15/2024 250,000 269,597
Essar Steel Algoma, Inc., Term Loan, 11/15/14 12.25 11/15/2014 122,813 123,254
Bankrate, Inc., 6.125%, 8/15/18 (144A) 6.125 08/15/2018 1,150,000 1,141,870
SRAM LLC, Term Loan (First Lien), 4/10/20 4.0143 04/10/2020 662,410 652,474
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 5.0 04/18/2019 715,938 694,012
JobsOhio Beverage System, 3.985%, 1/1/29 3.985 01/01/2029 500,000 519,067
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 5.0195 08/17/2045 100,000 101,403
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 7.27 02/13/2015 250,000 255,190
Targus Group International, Inc., Term Loan, 5/24/16 12.0 05/24/2016 90,336 72,269
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 6.0 09/17/2021 1,625,000 1,593,769
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 11.28 11/10/2015 250,000 268,056
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 4.7 11/17/2025 350,000 350,127
J.P Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/29 (144   10/15/2029 1,850,000 1,851,009
Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A) 6.5 04/15/2021 190,000 183,899
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 694,237 688,163
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 4.0 03/01/2020 517,020 512,550
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 5.154 03/15/2018 1,300,000 1,306,024
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 4.5 06/19/2021 950,000 945,547
TransDigm, Inc., Tranche C Term Loan, 2/28/20 3.75 02/28/2020 296,231 291,973
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 6.625 04/07/2021 500,000 576,185
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5518 04/10/2038 1,000,000 1,006,250
Legg Mason, Inc., 3.95%, 7/15/24 3.95 07/15/2024 1,250,000 1,288,260
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 6.35 06/07/2017 250,000 264,323
Avis Budget Finance Plc, 6.0%, 3/1/21 (144A) 6.0 03/01/2021 150,000 199,233
Par Pharmaceutical Companies, Inc., Term B-2 Loan, 9/28/19 4.0 09/28/2019 884,745 870,921
Burlington Northern Santa Fe LLC, 4.55%, 9/1/44 4.55 09/01/2044 3,900,000 3,992,494
BlueScope Steel Finance, Ltd., 7.125%, 5/1/18 (144A) 7.125 05/01/2018 730,000 785,206
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 400,000 379,556
Univar, Inc., Term B Loan, 6/30/17 5.0 06/30/2017 266,515 265,182
T-Mobile USA, Inc., 6.0%, 3/1/23 6.0 03/01/2023 400,000 415,733
MASTR Adjustable Rate Mortgages Trust 2003-6, Floating Rate Note, 12/25/33 2.3969 12/25/2033 30,000,000 567,129
Charter Communications 1st Lien Tl-B L + 3.5% 12aug21   08/12/2021 390,000 393,616
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 5.152 08/27/2029 1,500,000 1,516,073
Prestige Brands, Inc., Term B-2 Loan, 8/18/21 4.5 08/18/2021 1,000,000 1,003,542
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 7.5 12/15/2021 1,360,000 1,167,333
USI, Inc. New York, 7.75%, 1/15/21 (144A) 7.75 01/15/2021 1,300,000 1,345,915
Advantage Sales & Marketing Inc 1st Lien Tl-B L + 3.25% 11jul21 4.25 07/11/2021 464,730 460,896
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 500,000 579,444
Grifols Worldwide Operations, Ltd., 5.25%, 4/1/22 (144A) 5.25 04/01/2022 645,000 663,947
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 0.0   1,000,000 668,781
JAZZ PHARMACEUTICALS INC, Tranche 2 Term Loan, 6/12/18 3.25 06/12/2018 338,053 335,941
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 5.5385 12/15/2044 1,600,000 1,636,671
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 4.25 09/30/2020 248,750 245,485
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 3.6225 07/28/2019 500,000 374,306
Wynn Las Vegas LLC, 4.25%, 5/30/23 (144A) 4.25 05/30/2023 205,000 209,167
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 16.28 11/10/2015 500,000 545,757
NANA Development Corp., 9.5%, 3/15/19 (144A) 9.5 03/15/2019 1,025,000 975,942
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 4.25 12/18/2019 918,747 910,325
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 1,000,000 1,073,611
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 6.7308 07/18/2019 28,691 25,463
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 4.5 01/24/2021 114,425 113,901
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 1,342,000 914,405
JLL, Initial Dollar Term Loan, 1/23/21 4.25 01/23/2021 448,875 437,333
NSG Holdings LLC, New Term Loan, 12/11/19 3.75 12/11/2019 220,870 218,937
Hercules Offshore, Inc., 6.75%, 4/1/22 (144A) 6.75 04/01/2022 965,000 574,778
Az Chem Us Inc 1st Lien Tl-B L + 3.5% 09jun21 4.5 06/09/2021 630,019 630,150
Fifth Third Bancorp, Floating Rate Note (Perpetual) 6.625 12/31/2049 14,900 404,237
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 8.75 05/15/2018 750,000 1,000,925
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 2,500 277,125
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 6.75 12/31/2049 1,150,000 1,274,631
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 6.25 12/18/2019 1,885,750 1,891,251
Advanced Micro Devices, Inc., 6.75%, 3/1/19 6.75 03/01/2019 1,095,000 1,047,094
Immucor, Inc., Term B-2 Loan, 8/19/18 5.0 08/19/2018 442,617 442,710
Terex Corp., U.S. Term Loan, 8/13/21   08/13/2021 111,057 110,571
Nn Inc 1st Lien Tl-B L + 5% 18jul21 6.0 07/18/2021 1,400,000 1,395,625
AECOM Technology Corp., 5.875%, 10/15/24 (144A) 5.875 10/15/2024 635,000 674,103
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 1,095,000 1,138,800
Entegris, Inc., 6.0%, 4/1/22 (144A) 6.0 04/01/2022 1,800,000 1,840,500
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 1,705,000 1,692,449
State of Washington, 5.0%, 6/1/41 5.0 06/01/2041 1,000,000 1,137,583
MDC Holdings, Inc., 5.5%, 1/15/24 5.5 01/15/2024 1,150,000 1,165,749
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 9.0101 03/12/2015 250,000 257,938
AEP Industries, Inc., 8.25%, 4/15/19 8.25 04/15/2019 485,000 502,541
Nationstar Mortgage LLC, 6.5%, 8/1/18 6.5 08/01/2018 355,000 353,669
Credit Suisse First Boston Mortgage Securities Corp., 4.898%, 3/15/36 (144A) 4.898 03/15/2036 1,000,000 45,617
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 6.625 10/01/2022 1,075,000 1,079,022
Bombardier, Inc., 4.75%, 4/15/19 (144A) 4.75 04/15/2019 825,000 849,429
Grays Harbor County Public Utility District No 1, 5.0%, 7/1/43 5.0 07/01/2043 1,000,000 1,108,377
RAMP Series 2004-RZ1 Trust, 4.82%, 3/25/34 (Step) 4.82 03/25/2034 3,164,644 1,073,810
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 1,105,000 1,189,226
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9.0 01/28/2017 100,000 101,471
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 3.75 06/10/2021 558,307 553,305
Crown Americas Llc 1st Lien Tl-B L + 3.25% 20oct21   10/20/2021 650,000 653,115
AES Corp. Virginia, 5.5%, 3/15/24 5.5 03/15/2024 1,500,000 1,544,292
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 6.875 11/01/2019 400,000 356,750
Empresas ICA SAB de CV, 8.375%, 7/24/17 (144A) 8.375 07/24/2017 150,000 160,885
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 6.5051 01/09/2017 600,000 618,754
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 555,000 560,326
NRG Energy, Inc., 8.25%, 9/1/20 8.25 09/01/2020 200,000 219,000
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 1,035,000 1,020,366
MetLife, Inc., 6.4%, 12/15/66 6.4 12/15/2066 300,000 344,378
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.754 06/15/2029 1,530,000 1,522,217
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 481,000 522,794
Dana Holding Corp., 6.0%, 9/15/23 6.0 09/15/2023 830,000 877,863
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 3.75 07/31/2019 124,031 123,643
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 700,000 777,140
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 900,000 974,621
EV Energy Partners LP, 8.0%, 4/15/19 8.0 04/15/2019 1,150,000 1,136,839
Catamaran Corp., 4.75%, 3/15/21 4.75 03/15/2021 1,125,000 1,123,391
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 4.87 03/10/2027 600,000 303,603
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 8.6051 04/08/2016 1,000,000 1,049,856
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 2.9061 11/05/2030 1,900,000 1,904,154
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 5.95 12/31/2049 25,000 646,750
Bank of America Corp., 6.11%, 1/29/37 6.11 01/29/2037 625,000 741,083
Northshore Re, Ltd., Floating Rate Note, 7/5/16 (Cat Bond) (144A) 7.2675 07/05/2016 1,000,000 1,055,943
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 4.5 12/20/2019 196,623 192,281
WF-RBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A) 5.6473 02/15/2044 100,000 108,011
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 1.0 12/01/2020 1,000,000 982,917
Virginia Resources Authority, 5.0%, 11/1/42 5.0 11/01/2042 1,000,000 1,166,310
HJ Heinz Co., Term B-2 Loan, 6/5/20 3.5 06/05/2020 395,000 393,025
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 5.0 06/16/2018 543,532 525,867
Telenet Finance III Luxembourg SCA, 6.625%, 2/15/21 (144A) 6.625 02/15/2021 200,000 271,076
Lorillard Tobacco Co., 3.75%, 5/20/23 3.75 05/20/2023 175,000 177,048
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 500,000 440,923
Iap Worldwide Services Inc     4 3,056
Landry's, Inc., B Term Loan, 4/24/18 4.0 04/24/2018 440,397 439,709
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 490,000 525,231
Samson Investment Co., Tranche 1 Term Loan (Second Lien), 9/25/18 5.0 09/25/2018 1,000,000 930,000
PetroQuest Energy, Inc., 10.0%, 9/1/17 10.0 09/01/2017 500,000 505,833
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 7/25/34 2.4371 07/25/2034 406,549 66,130
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/03/2019 94,831 94,416
Sprint Corp., 7.125%, 6/15/24 (144A) 7.125 06/15/2024 1,725,000 1,818,869
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 5.5 10/18/2020 545,875 545,875
Fannie Mae, 4.5%, 8/1/40 4.5 08/01/2040 3,070,237 1,499,426
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 4,304,445 4,489,306
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 5.5 03/25/2034 212,565 71,559
Vantiv LLC, Term B Loan, 6/12/21 3.75 06/12/2021 384,038 381,539
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 2.7346 01/21/2017 105,000 104,738
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 5.875 02/15/2022 850,000 903,042
Dole Food Co, Inc., Tranche B Term Loan, 10/25/18 4.5004 10/25/2018 981,621 979,576
Fannie Mae, 4.0%, 9/1/43 4.0 09/01/2043 528,373 532,320
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 5.25 04/08/2020 206,133 205,103
Offshore Group Investment, Ltd., 7.5%, 11/1/19 7.5 11/01/2019 600,000 534,000
Syncreon Group BV, Term Loan, 9/26/20 5.25 09/26/2020 698,241 696,496
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 5.214 02/11/2041 100,000 100,877
VOLT XX LLC, 5.25%, 2/1/39 (Step) (144A) 5.25 02/01/2039 1,500,000 1,504,952
Unifrax I LLC, 7.5%, 2/15/19 (144A) 7.5 02/15/2019 630,000 649,425
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 4.0 04/23/2019 239,957 237,707
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 27,750 741,758
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 3.9 01/15/2026 105,000 104,631
Fannie Mae, 4.5%, 9/1/39 4.5 09/01/2039 2,945,000 1,317,419
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 7.5 04/10/2020 290,000 290,967
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 4.125 05/30/2023 200,000 202,671
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 4.403 10/13/2028 1,400,000 1,404,608
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 2.85 05/15/2024 1,000,000 621,687
Southern California Edison Co., Floating Rate Note (Perpetual) 6.25 12/31/2049 75,000 83,734
CenturyLink, Inc., 6.45%, 6/15/21 6.45 06/15/2021 500,000 559,683
DynCorp International, Inc., 10.375%, 7/1/17 10.375 07/01/2017 150,000 133,813
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 12.0101 03/12/2015 250,000 260,658
Advanced Micro Devices, Inc., 7.5%, 8/15/22 7.5 08/15/2022 445,000 414,221
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 2.73 01/15/2017 250,000 253,922
ViaSat, Inc., 6.875%, 6/15/20 6.875 06/15/2020 100,000 108,347
Loma Reinsurance, Ltd. Bermuda, Floating Rate Note, 1/8/18 (Cat Bond) (144A) 9.765 01/08/2018 500,000 538,500
On Assignment, Inc., Initial Term B Loan, 5/15/20 3.5 05/15/2020 367,182 365,116
Provincia de Buenos Aires Argentina, 10.875%, 1/26/21 (144A) 10.875 01/26/2021 100,000 93,120
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/16 0.065 01/31/2016 3,860,000 3,860,473
Vedanta Resources Plc, 6.0%, 1/31/19 (144A) 6.0 01/31/2019 1,450,000 1,514,767
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 7/25/35 2.575 07/25/2035 2,900,000 156,560
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 1,450,000 1,594,094
VOLT XXIV LLC, 4.75%, 11/25/53 (Step) 4.75 11/25/2053 1,000,000 999,501
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 4.0 04/23/2020 303,846 302,517
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 600,000 562,933
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 3.654 12/15/2028 1,100,000 1,100,535
The Bank of New York Mellon Corp., Floating Rate Note (Perpetual) 4.5 12/31/2049 1,250,000 1,203,281
Duff & Phelps LLC, Initial Term Loan, 4/23/20 4.5 04/23/2020 622,129 617,463
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 585,000 599,487
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 100,000 109,335
Meritor, Inc., 6.75%, 6/15/21 6.75 06/15/2021 400,000 432,200
Dartmouth Zero% 31dec14 0.0 12/31/2014 1,500,000 1,485,000
JPMorgan Chase & Co., Floating Rate Note (Perpetual) 5.15 12/31/2049 1,525,000 1,484,206
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 1,570,000 1,351,650
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 0.125 07/15/2024 16,600,000 16,178,553
Cepheid, 1.25%, 2/1/21 (144A) 1.25 02/01/2021 545,000 599,841
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 4.5 06/06/2019 994,950 973,807
Outerwall, Inc., 5.875%, 6/15/21 (144A) 5.875 06/15/2021 1,985,000 1,961,525
Milacron LLC, Term Loan, 3/28/20 4.0 03/28/2020 981,392 956,857
SandRidge Energy, Inc., 7.0% (Perpetual) 7.0 12/31/2049 7,500 632,813
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A) 6.75 04/06/2021 200,000 228,938
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 4.0362 05/25/2045 175,000 175,424
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 1,116,252 1,119,740
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0 12/31/2049 1,600 1,610,400
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 4.0 02/01/2019 1,455,000 1,336,781
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 5.574 11/12/2049 1,500,000 1,545,425
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.352 02/25/2035 2,208,000 353,037
Atwood Oceanics, Inc., 6.5%, 2/1/20 6.5 02/01/2020 900,000 919,125
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 9.31 07/20/2028 750,000 223,624
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 10.625 02/01/2016 475,000 402,117
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 11/29/2019 98,939 99,269
Windstream Corp., 8.125%, 9/1/18 8.125 09/01/2018 850,000 897,635
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 500,000 539,504
Burger King Worldwide Inc 2nd Lien Bridge L + 0% 26aug15   08/26/2015 2,000,000 2,000,000
Private Colleges & Universities Authority, 5.0%, 10/1/43 5.0 10/01/2043 1,000,000 1,144,477
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 4.25 06/24/2019 493,733 485,710
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 615,000 631,022
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 3.25 01/31/2021 653,797 648,621
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 8.625 02/01/2020 1,265,000 1,191,077
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 8.0 07/02/2021 860,000 826,842
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 1,950,000 1,785,469
JLL, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 705,000 730,415
Comstock Resources, Inc., 7.75%, 4/1/19 7.75 04/01/2019 1,200,000 1,183,750
USI, Inc. New York, Initial Term Loan 2013, 12/30/19 4.25 12/30/2019 196,515 194,550
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 3.5 08/05/2020 728,520 723,967
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 3.45 01/15/2023 3,600,000 3,570,834
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 500,000 513,448
Fannie Mae, 0.5%, 12/15/33 (144A) 0.5 12/15/2033 1,265,000 1,157,493
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 5.5 12/20/2026 800,000 761,226
Frontier Communications Corp., 6.25%, 9/15/21 6.25 09/15/2021 200,000 208,153
Ashland, Inc., 4.75%, 8/15/22 4.75 08/15/2022 1,000,000 1,017,528
Seadrill Operating LP, Initial Term Loan, 2/14/21 4.0 02/14/2021 843,625 800,690
World Kitchen LLC, U.S. Term Loan, 3/4/19 5.5 03/04/2019 186,556 185,973
Wheelabrator 1st Lien Tl-C L + 4% 15oct21   10/15/2021 84,291 84,660
New Residential Advance Receivables Trust Advance Receivables Backed 2014-VF1, 3.6491%, 3/15/45 3.6491 03/15/2045 1,000,000 1,001,323
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 7.78 03/25/2027 5,850,000 264,395
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 4.125 03/15/2018 150,000 97,541
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 1/21/20 (144A) 0.0 01/21/2020 200,000 53,878
Mastr Specialized Loan Trust, Floating Rate Note, 10/25/34 5.5 10/25/2034 775,000 803,303
The Hanover Insurance Group, Inc., 6.35%, 3/30/53 6.35 03/30/2053 40,000 982,400
Sabre GLBL, Inc., Term B Loan, 2/19/19 4.0 02/19/2019 1,694,678 1,672,011
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 3.5 05/23/2019 612,563 599,163
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 4.5101 12/06/2016 800,000 836,000
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 5.125 07/15/2019 2,380,000 2,405,709
Elior Finance & Co SCA, 6.5%, 5/1/20 (144A) 6.5 05/01/2020 900,000 818,773
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 6.0 12/15/2020 540,000 571,140
Arysta Lifescience SPC LLC, Initial Term Loan (First Lien), 5/29/20 4.5 05/29/2020 1,266,132 1,264,747
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 1,190,000 1,259,913
NRG Energy, Inc., 6.25%, 7/15/22 6.25 07/15/2022 675,000 717,797
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 4.5 12/23/2036 1,800,000 865,465
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 593,000 613,384
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 3.0 11/23/2016 525,937 520,843
AECOM Technology Corp., 5.75%, 10/15/22 (144A) 5.75 10/15/2022 635,000 670,873
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 6.625 12/15/2022 450,000 484,888
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 7.7517 05/15/2018 132,998 131,779
Intelsat Luxembourg SA, 7.75%, 6/1/21 7.75 06/01/2021 350,000 377,052
Microsemi Corp., Term Loan (2014), 3/14/21 3.25 03/14/2021 175,289 173,007
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 3.75 06/03/2020 216,104 213,132
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 8.25 03/15/2018 620,000 635,836
Albertsons LLC, Term B-2 Loan, 3/21/19 4.75 03/21/2019 894,254 893,136
Protection One, Inc., Term Loan (2012), 3/21/19 4.25 03/21/2019 497,457 496,317
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 3.95 05/15/2027 400,000 410,286
Ukraine Government International Bond, 7.5%, 4/17/23 (144A) 7.5 04/17/2023 200,000 170,583
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 6.41 11/17/2025 139,000 139,155
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 425,000 464,277
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 4.0 06/07/2020 1,439,375 1,410,138
Talos Production LLC, 9.75%, 2/15/18 (144A) 9.75 02/15/2018 420,000 431,795
KB Home, 7.5%, 9/15/22 7.5 09/15/2022 850,000 924,021
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 1.875 09/01/2020 750,000 877,969
West Corp., Term B-10 Loan, 6/30/18 3.25 06/30/2018 366,334 361,480
MedAssets, Inc., Term B Loan, 12/13/19 4.0 12/13/2019 332,187 330,210
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 4.0 04/27/2054 750,000 740,818
COMM 2012-CCRE4 Mortgage Trust, Floating Rate Note, 10/17/45 (144A) 4.728 10/17/2045 303,000 300,215
Wells Fargo & Co., 7.5% (Perpetual) 7.5 12/31/2049 1,050 1,264,200
Boart Longyear Management Pty, Ltd., 10.0%, 10/1/18 (144A) 10.0 10/01/2018 495,000 533,775
Fannie Mae Pool, 4.0%, 4/25/42 4.0 11/13/2013 6,875,000 7,308,483
RESI Finance LP, Floating Rate Note, 9/10/35 (144A) 1.5518 09/10/2035 1,983,893 373,832
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 8.0059 05/07/2015 250,000 262,229
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 5.658 03/15/2045 304,000 313,177
VeriSign, Inc., 4.625%, 5/1/23 4.625 05/01/2023 335,000 341,491
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 1,220,000 1,167,642
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 2.875 01/15/2021 1,470,000 1,518,275
Fidelity National Financial, Inc., 5.5%, 9/1/22 5.5 09/01/2022 250,000 274,102
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 9.0 01/29/2019 340,000 376,720
AgStar Financial Services ACA, Floating Rate Note (Perpetual) (144A) 6.75 12/31/2049 1,500 1,538,813
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 5.3257 02/13/2046 500,000 527,366
Iron Mountain, Inc., 5.75%, 8/15/24 5.75 08/15/2024 1,415,000 1,460,477
Frontier Communications Corp., 9.0%, 8/15/31 9.0 08/15/2031 200,000 220,800
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 300,000 327,382
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 7.75 10/15/2021 1,450,000 1,478,557
DynCorp International, Inc., Term Loan, 7/7/16 6.25 07/07/2016 65,805 65,740
Hexion US Finance Corp., 8.875%, 2/1/18 8.875 02/01/2018 1,700,000 1,718,594
Star West Generation LLC, Term B Advance, 3/13/20 4.25 03/13/2020 241,042 239,535
Springs Industries, Inc., 6.25%, 6/1/21 6.25 06/01/2021 400,000 402,917
Kane Flt% 14jul15 0.0 07/14/2015 713,104 686,291
Albea Beauty Holdings SA, 8.375%, 11/1/19 (144A) 8.375 11/01/2019 255,000 282,253
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 4.46 07/25/2033 400,000 260,656
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 400,000 425,836
DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A) 8.0 06/01/2021 1,765,000 1,787,749
SM Energy Co., 5.0%, 1/15/24 5.0 01/15/2024 455,000 432,124
Advantage Sales & Marketing Inc 1st Lien Dd L + 3.25% 21jul21 3.9167 07/21/2021 15,491 15,363
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 150,000 152,957
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 9.2601 06/06/2017 250,000 272,047
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 7.506 12/31/2049 1,835,000 1,972,991
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 9.0 04/01/2022 500,000 548,750
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 1,350,000 1,474,313
RTI International Metals, Inc., 1.625%, 10/15/19 1.625 10/15/2019 385,000 368,675
Davita Healthcare Partners Inc 1st Lien Tl-B L + 2.75% 19jun21 3.5 06/19/2021 63,340 62,826
Bosphorus Re, Ltd., Floating Rate Note, 5/3/16 (Cat Bond) (144A) 2.515 05/03/2016 250,000 250,614
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 6.75 03/15/2023 700,000 704,722
SFX Entertainment, Inc., 9.625%, 2/1/19 (144A) 9.625 02/01/2019 1,885,000 1,840,820
Altice Financing SA, 6.5%, 1/15/22 (144A) 6.5 01/15/2022 1,800,000 1,883,950
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 400,000 425,429
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 3.25 08/17/2020 236,094 230,044
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 400,000 363,375
Covanta Holding Corp., 5.875%, 3/1/24 5.875 03/01/2024 1,130,000 1,177,790
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 6.75 04/15/2021 345,000 346,898
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 4.75 04/30/2020 495,497 491,471
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 5.227 09/20/2019 1,499,000 1,501,394
Copano Energy LLC, 7.125%, 4/1/21 7.125 04/01/2021 373,000 412,142
Morgan Stanley, Floating Rate Note (Perpetual) 7.125 12/31/2049 18,000 490,680
ONEOK, Inc., 6.875%, 9/30/28 6.875 09/30/2028 1,450,000 1,638,190
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 509,814 121,695
General Motors Financial Co, Inc., 4.25%, 5/15/23 4.25 05/15/2023 125,000 131,200
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 8.25 05/26/2021 590,000 537,638
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 6.5 05/15/2021 425,000 465,363
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 38,709 48,495
New Hampshire Health and Education Facilities Authority Act, 6.5%, 1/1/41 6.5 01/01/2041 150,000 173,643
Fly Leasing, Ltd., 6.375%, 10/15/21 6.375 10/15/2021 2,375,000 2,374,901
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 6.25 08/15/2042 750,000 943,128
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (Cat Bond) (144A) 4.025 06/28/2016 750,000 776,942
Steward Health Care System LLC, Term Loan, 4/10/20 6.75 04/10/2020 493,750 490,355
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 5.875 03/30/2033 165,000 172,435
Verizon Communications, Inc., 4.15%, 3/15/24 4.15 03/15/2024 3,500,000 3,658,983
NEP, Amendment No. 3 Incremental Term Loan (First Lien), 1/22/20 4.25 01/22/2020 445,763 436,848
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 8.0152 06/06/2016 250,000 274,036
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 6.625 12/01/2021 1,300,000 1,296,885
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 3.5 05/14/2020 296,250 292,300
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 4.45 05/15/2048 400,000 402,918
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 4.5 06/01/2041 2,749,325 1,001,250
WireCo WorldGroup, Inc., Term Loan, 2/15/17 6.0 02/15/2017 48,536 48,703
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 6.5 06/03/2020 947,625 947,625
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 7.375 11/01/2021 860,000 768,532
Gates Global Llc 1st Lien Tl-B L + 3.25% 12jun21 4.25 06/12/2021 625,000 618,918
CenturyLink, Inc., 7.65%, 3/15/42 7.65 03/15/2042 1,300,000 1,309,458
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 6.875 08/01/2022 1,090,000 1,008,099
Amkor Technology, Inc., 6.375%, 10/1/22 6.375 10/01/2022 285,000 286,870
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 325,000 316,308
Swift Transportation Co Llc 1st Lien Tl-B L + 3% 09jun21 3.75 06/09/2021 169,132 168,427
Cascades, Inc., 5.5%, 7/15/22 (144A) 5.5 07/15/2022 1,910,000 1,924,643
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.505 04/09/2015 750,000 769,525
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 3.5101 05/05/2017 1,000,000 1,022,014
Appvion, Inc., Term Commitment, 6/28/19 5.75 06/28/2019 987,500 981,328
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 12/12/2017 26,383 26,185
CHS, 2021 Term D Loan, 1/27/21 4.25 01/27/2021 345,492 346,248
Qwest Corp., 7.375%, 6/1/51 7.375 06/01/2051 4,400 116,072
Ocwen Financial Corp., 6.625%, 5/15/19 (144A) 6.625 05/15/2019 1,450,000 1,408,096
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 6.375 05/15/2043 1,000,000 894,396
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 990,000 1,074,975
Burger King Corp., Tranche B Term Loan (2012), 9/28/19 3.75 09/28/2019 76,440 76,416
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 2.5101 01/07/2019 250,000 250,338
Belden, Inc., 5.5%, 4/15/23 (144A) 5.5 04/15/2023 300,000 389,927
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 5.0 02/15/2018 764,609 738,804
Allegion US Holding Co, Inc., 5.75%, 10/1/21 5.75 10/01/2021 930,000 978,631
AES Corp. Virginia, 4.875%, 5/15/23 4.875 05/15/2023 995,000 1,014,879
Calpine Corp., Term Loan (10/12), 10/9/19 4.0 10/09/2019 441,491 437,663
Massachusetts Development Finance Agency, 5.25%, 4/1/37 5.25 04/01/2037 100,000 115,429
Deluxe Entertainment Services Group, Inc., 2/26/20 6.5 02/26/2020 0 0
Maine Turnpike Authority, 5.0%, 7/1/42 5.0 07/01/2042 1,000,000 1,135,257
Ensco Plc, 5.75%, 10/1/44 5.75 10/01/2044 3,950,000 4,125,641
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 6.0 06/11/2021 1,720,688 1,729,291
Murphy Oil USA, Inc., 6.0%, 8/15/23 6.0 08/15/2023 1,000,000 1,060,167
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 9.875 02/01/2020 300,000 325,031
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 5.625 12/15/2016 200,000 204,750
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 6.375 04/01/2021 500,000 532,656
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 250,000 23,047
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 3.5037 12/20/2018 246,859 246,139
Summit Midstream Holdings LLC, 7.5%, 7/1/21 7.5 07/01/2021 1,030,000 1,143,300
Floatel 1st Lien Tl-B L + 5% 22may20 6.0 05/22/2020 1,119,375 1,087,893
JMC Steel Group, Inc., Term Loan, 4/1/17 4.75 04/01/2017 393,026 388,523
Altisource Solutions Sarl, Term B Loan, 12/9/20 4.5 12/09/2020 1,138,051 1,024,246
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 8.005 07/09/2015 250,000 261,178
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 2,500,000 742,000
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 4.25 10/25/2020 361,357 356,253
Credit Agricole SA, Floating Rate Note, 12/31/64 (144A) 6.625 12/31/2064 2,900,000 2,852,188
Samson Investment Co., 9.75%, 2/15/20 9.75 02/15/2020 390,000 296,628
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 4.5 02/21/2021 920,375 909,446
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 4.25 11/20/2028 1,750,000 1,277,917
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 4.5 06/07/2020 232,502 229,887
Pangaea Zero% 01jul18 0.0 07/01/2018 2,000,000 2,093,600
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 6.75 05/23/2019 172,813 172,272
Motel 6 Trust, 4.2743%, 10/7/25 (144A) 4.2743 10/07/2025 1,327,000 1,306,767
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 3.75 09/28/2018 92,220 91,584
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 3.0 10/24/2019 444,347 446,939
Government National Mortgage Association REMICS, Floating Rate Note, 11/16/54 1.0378 11/16/2054 3,400,000 315,214
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 570,000 545,352
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 6.0 04/21/2019 345,763 346,411
Maine Health & Higher Educational Facilities Authority, 5.0%, 7/1/43 5.0 07/01/2043 1,000,000 1,114,587
Genpact International, Inc., Term Loan, 8/30/19 3.5 08/30/2019 320,818 320,016
Metinvest BV, 8.75%, 2/14/18 (144A) 8.75 02/14/2018 1,100,000 788,563
Pro Mach Group Inc 1st Lien Tl-B L + 4.5% 20oct21   10/20/2021 330,315 331,141
American Airlines, Inc., Class B Term Loan, 6/27/19 3.75 06/27/2019 345,625 341,305
NBTY, Inc., Term B-2 Loan, 10/1/17 3.5 10/01/2017 750,000 735,750
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 100,000 94,917
Gwinnett County School District, 5.0%, 2/1/36 5.0 02/01/2036 1,000,000 1,173,520
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 5.135 10/15/2039 100,000 101,270
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 1,300,000 1,279,299
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 4.0 01/30/2019 400,857 394,644
Basic Energy Services, Inc., 7.75%, 10/15/22 7.75 10/15/2022 230,000 225,042
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/27/29 (144A) 4.3975 08/27/2029 300,000 302,343
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 4.0 03/28/2021 648,375 642,702
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 6.057 04/15/2045 1,400,000 1,417,879
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.152 02/25/2035 3,432,000 576,384
Mirabela Nickel, Ltd.     922,916 59,667
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 4.4 04/15/2019 150,000 151,666
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 1,400,000 1,535,022
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7.0 02/01/2021 400,000 367,000
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 4.0101 05/05/2017 1,250,000 1,279,931
ORES 2014-LV3 LLC, 6.0%, 3/27/24 6.0 03/27/2024 1,000,000 998,525
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.405 01/09/2019 1,000,000 1,048,728
CommScope Holding Co, Inc., 6.625%, 6/1/20 (144A) (PIK) 6.625 06/01/2020 1,650,000 1,782,172
Apex Tool Group LLC, Term Loan, 1/31/20 4.5 01/31/2020 640,620 608,589
Jupiter Resources, Inc., 8.5%, 10/1/22 (144A) 8.5 10/01/2022 1,655,000 1,477,340
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 4.25 01/15/2021 221,504 219,566
Tank Holding Corp., Initial Term Loan, 7/9/19 4.2633 07/09/2019 668,053 660,329
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 272 8,633
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 1,475,000 1,453,121
Countrywide Asset-Backed Certificates, Floating Rate Note, 11/25/36 (144A) 0.322 11/25/2036 9,809,888 331,337
Hologic, Inc., Refinancing Tranche B Term Loan, 8/1/19 3.25 08/01/2019 336,619 334,755
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 550,000 572,313
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 8.0 07/01/2019 1,520,000 1,283,640
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 3.0 07/15/2021 1,500,000 1,335,625
U.S. Treasury Floating Rate Note, 0.090001011%, 7/31/16 0.09 07/31/2016 3,840,000 3,842,258
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 1,430,000 1,423,635
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 3.7501 01/30/2020 791,250 781,607
State Street Corp., Floating Rate Note, 12/31/73 5.9 12/31/2073 29,300 764,730
Radio Systems Corp., 8.375%, 11/1/19 (144A) 8.375 11/01/2019 600,000 675,375
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 241,795 217,616
NRG Energy, Inc., 7.625%, 1/15/18 7.625 01/15/2018 900,000 1,030,456
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 8.25 06/07/2021 900,000 1,010,700
SolarCity Corp., 1.625%, 11/1/19 (144A) 1.625 11/01/2019 2,020,000 1,962,227
SBP HOLDINGS, Ltd., Term Loan (First Lien), 3/24/21 5.0 03/24/2021 448,875 442,142
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 4.625 05/15/2023 1,330,000 1,311,814
Kronos, Inc., Incremental Term Loan (First Lien), 10/30/19 4.5 10/30/2019 246,573 245,834
Morgan Stanley, Floating Rate Note (Perpetual) 6.375 12/31/2049 96,200 2,425,202
Tenet Healthcare Corp., 4.5%, 4/1/21 4.5 04/01/2021 265,000 266,656
Hearthside Group Holdings Llc 1st Lien Tl L + 3.5% 24apr21 4.5 04/24/2021 249,375 248,284
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 5.375 01/15/2023 1,375,000 1,368,903
LKQ Corp., 4.75%, 5/15/23 4.75 05/15/2023 250,000 247,076
Barry Callebaut Services NV, 5.5%, 6/15/23 (144A) 5.5 06/15/2023 300,000 321,296
Verizon Communications, Inc., 5.012%, 8/21/54 (144A) 5.012 08/21/2054 576,000 591,756
Taminco Global Chemical Corp., Initial Tranche B-3 Dollar Term Loan, 2/15/19 3.25 02/15/2019 342,055 341,200
Navistar, Inc., Tranche B Term Loan, 8/17/17 5.75 08/17/2017 120,000 120,525
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 1,445,896 1,512,752
LifePoint Hospitals, Inc., 5.5%, 12/1/21 5.5 12/01/2021 700,000 749,292
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 5.3 12/26/2059 200,000 207,285
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 4.5 05/09/2017 243,694 237,601
Bway Holding Co 1st Lien Tl-B L + 4.5% 08aug20 5.5 08/08/2020 399,000 400,995
Ciena Corp., 0.875%, 6/15/17 0.875 06/15/2017 1,000,000 971,431
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 1,671,000 424,324
Hospitality Properties Trust, 5.0%, 8/15/22 5.0 08/15/2022 381,000 405,653
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 7.5043 03/01/2022 200,000 202,001
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 200,000 199,491
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 5.7132 01/25/2033 450,000 65,504
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 705,000 773,738
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 9.25 06/01/2021 800,000 710,833
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 9.5 05/04/2020 100,000 110,296
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/31/2020 487,281 490,124
Generac Power Systems, Inc., Term Loan B, 5/31/20 3.25 05/31/2020 677,400 663,429
ExGen Renewables I LLC, Term Loan, 2/5/21 5.25 02/05/2021 1,079,323 1,093,827
Mueller Water Products, Inc., 7.375%, 6/1/17 7.375 06/01/2017 347,000 362,868
Agrokor dd, 8.875%, 2/1/20 (144A) 8.875 02/01/2020 75,000 83,414
Windstream Corp., 7.5%, 6/1/22 7.5 06/01/2022 1,305,000 1,427,344
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 6.75 04/30/2018 966,507 939,525
Quikrete Holdings, Inc., Initial Loan (First Lien), 9/26/20 4.0 09/26/2020 566,518 561,561
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.02 03/16/2016 250,000 271,627
Kenya Government International Bond, 6.875%, 6/24/24 (144A) 6.875 06/24/2024 875,000 953,097
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 3.5 03/28/2019 606,120 598,417
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 5.707 06/11/2040 2,000,000 2,055,246
Norcraft Companies LP, Initial Loan, 11/12/20 5.25 11/12/2020 198,500 198,252
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 5.918 09/25/2036 189,000 170,555
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 3.5 12/11/2019 298,478 296,186
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 6.55 04/25/2037 250,000 255,259
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.75 08/16/2019 660,927 660,514
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 8.25 10/19/2019 800,000 780,200
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0152 06/06/2016 500,000 560,950
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 5.75 02/01/2023 980,000 952,022
Bayview Commercial Asset Trust 2005-2, Floating Rate Note, 8/25/35 (144A) 0.462 08/25/2035 1,400,000 309,123
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 600,000 592,475
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 8.625 12/31/2049 450,000 452,803
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 1.4518 12/10/2035 6,760,000 1,215,699
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 5.75 11/09/2018 790,371 789,877
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6.75 10/01/2020 380,000 315,638
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 4.5 05/02/2016 31,323 31,401
Nordion 1st Lien Tl-B L + 3.5% 30jul21   07/30/2021 250,000 248,698
Towergate Finance Plc, 8.5%, 2/15/18 (144A) 8.5 02/15/2018 100,000 138,044
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 8.0 05/02/2018 350,000 195,922
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5101 04/30/2018 350,000 356,396
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 3.0 01/23/2021 481,372 478,424
American Energy-Permian Basin LLC, 7.125%, 11/1/20 (144A) 7.125 11/01/2020 1,500,000 1,324,516
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 3.9853 05/18/2016 500,000 516,770
Rural, Term Loan, 6/30/18 8.0 06/30/2018 86,041 82,169
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 5.75 08/25/2036 1,200,000 192,756
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 6.875 06/24/2019 1,605,000 1,668,002
Windstream Corp., Tranche B-4 Term Loan, 1/23/20 3.5 01/23/2020 196,993 195,392
Mirabela Nickel, Ltd., 9.5%, 6/24/19 9.5 06/24/2019 112,000 100,192
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 6.25 12/19/2020 409,500 411,548
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 3.75 04/16/2021 299,250 298,716
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 7.25 04/03/2024 2,600,000 2,777,161
MasTec, Inc., 4.875%, 3/15/23 4.875 03/15/2023 1,050,000 1,009,291
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 5.82 06/15/2019 750,000 750,465
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 5.5 09/15/2020 358,317 364,836
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 6.1967 02/15/2051 1,725,000 1,776,082
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 1,645,000 1,746,270
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 11.7604 11/10/2016 500,000 544,625
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 6.3333 09/10/2047 160,000 144,276
New Residential Advance Receivables Trust Advance Receivables Backed 2014-T1, 4.975%, 3/15/45 (144A) 4.975 03/15/2045 1,000,000 503,238
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 1.2331 01/23/2021 172,782 171,724
QBE Insurance Group, Ltd., 2.4%, 5/1/18 (144A) 2.4 05/01/2018 200,000 202,476
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 5.7601 12/06/2016 850,000 899,576
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 30,000 31,680
Spirit Master Funding LLC, 5.74%, 3/20/42 (144A) 5.74 03/20/2042 446,680 493,775
Halyard Health Inc 1st Lien Tl-B L + 3.25% 16sep21   09/16/2021 500,000 501,095
Enel Finance International NV, 5.125%, 10/7/19 (144A) 5.125 10/07/2019 150,000 167,073
AMG Capital Trust II, 5.15%, 10/15/37 5.15 10/15/2037 28,000 1,727,250
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 5.875 09/15/2022 1,235,000 1,274,945
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 5.485 07/12/2046 1,400,000 1,437,728
Post Holdings, Inc., 2.5% (Perpetual) (144A) 2.5 12/31/2049 11,800 919,663
Guggenheim Partners Investment Management Holdings LLC, Initial Term Loan, 7/22/20 4.25 07/22/2020 445,500 443,273
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.505 04/09/2015 1,000,000 1,030,944
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 7.875 10/15/2019 500,000 552,790
Griffon Corp., 5.25%, 3/1/22 5.25 03/01/2022 2,375,000 2,306,719
Monty Parent Issuer 1 LLC, 3.47%, 11/20/28 (144A) 3.47 11/20/2028 1,750,000 944,180
RCMC LLC, 5.62346%, 12/17/18 (144A) 5.6235 12/17/2018 250,000 140,868
CSM Bakery Solutions LLC, Term Loan (First Lien), 7/3/20 5.0 07/03/2020 864,563 858,439
Arlington Flt% 01aug15 0.0 08/01/2015 600,000 625,320
Charter Communications Operating LLC, Term F Loan, 12/31/20 3.0 12/31/2020 493,750 486,858
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 4.5 04/15/2023 1,940,000 1,982,577
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 4.125 01/31/2019 280,230 280,405
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 6.625 05/15/2018 500,000 529,324
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 1,050,000 1,255,621
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 3.721 10/28/2019 1,750,000 1,750,543
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 5.5 02/20/2021 224,438 224,438
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 8.375 04/04/2021 100,000 108,728
Ziggo Bv 1st Lien Tl-B2 L + 2.75% 15jan22 3.5 01/15/2022 357,447 348,670
GS Mortgage Securities Corp II Series 2004-GG2, Floating Rate Note, 8/10/38 5.9459 08/10/2038 200,000 88,934
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 5.58 06/25/2058 250,000 259,332
Tenet Healthcare Corp., 4.375%, 10/1/21 4.375 10/01/2021 1,480,000 1,492,333
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 4.2531 11/26/2020 497,494 468,266
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 5.625 03/15/2020 100,000 105,219
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 750,000 770,581
Ruby Western Pipeline Holdings LLC, Loan, 3/27/20 3.5 03/27/2020 250,392 249,766
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 4.4544 02/21/2049 1,200,000 1,212,191
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 4.0 07/09/2018 1,250,000 1,262,569
CoBank ACB, Floating Rate Note (Perpetual) (144A) 6.25 12/31/2049 5,000 522,657
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 1,325,000 1,393,532
FTS International, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 1,080,000 1,057,163
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9695 05/15/2046 220,000 185,062
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 5.623 05/12/2045 1,400,000 1,438,531
The Williams Companies, Inc., 7.75%, 6/15/31 7.75 06/15/2031 100,000 119,532
Alternative Loan Trust 2004-2CB, 5.75%, 3/25/34 5.75 03/25/2034 75,000 142,890
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5208 04/10/2038 700,000 722,901
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 6.8601 04/07/2020 1,500,000 1,598,683
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 700,000 739,443
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 6.75 10/01/2037 225,000 277,110
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 4.5 04/23/2021 1,276,800 1,264,032
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 4.75 04/24/2021 39,406 39,455
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 4.0 10/15/2024 425,000 433,606
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 8.25 12/15/2017 200,000 207,983
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 1,225,000 1,165,792
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 1,422,813 1,428,148
Envision Healthcare Corp., Initial Term Loan, 5/25/18 4.0 05/25/2018 294,667 292,964
Linn Energy LLC, 6.25%, 11/1/19 6.25 11/01/2019 900,000 857,550
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 6.75 08/29/2049 1,835,000 1,964,322
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 5.75 11/19/2019 211,934 212,287
Kane Flt% 12jun15   06/12/2015 1,100,000 1,019,920
Chiquita Brands International, Inc., 7.875%, 2/1/21 7.875 02/01/2021 928,000 1,036,750
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 5.625 03/30/2043 2,225,000 2,526,004
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 6.375 04/15/2022 400,000 395,133
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 7.373 12/15/2015 250,000 53,750
VOLT XXIII LLC, 4.75%, 11/25/53 (Step) 4.75 11/25/2053 2,000,000 2,004,422
Seven Seas Cruises S de RL LLC, 9.125%, 5/15/19 9.125 05/15/2019 200,000 220,915
Trust F, 5.25%, 12/15/24 (144A) 5.25 12/15/2024 400,000 429,933
Citigroup Capital XIII, Floating Rate Note, 10/30/40 7.875 10/30/2040 49,090 1,306,776
CityCenter Holdings LLC, Term B Loan, 10/16/20 4.25 10/16/2020 227,316 226,293
Verizon Communications, Inc., 6.55%, 9/15/43 6.55 09/15/2043 576,000 730,930
Wastequip LLC, Term Loan, 8/9/19 5.5 08/09/2019 493,750 493,750
Lennar Corp., 4.75%, 11/15/22 4.75 11/15/2022 450,000 453,106
Blackstone Holdings Finance Co LLC, 4.75%, 2/15/23 (144A) 4.75 02/15/2023 250,000 274,598
RKI Exploration & Production LLC, 8.5%, 8/1/21 (144A) 8.5 08/01/2021 1,345,000 1,343,319
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/16/28 (144A) 5.333 02/16/2028 500,000 508,129
Nordea Bank AB, 4.25%, 9/21/22 (144A) 4.25 09/21/2022 250,000 261,015
Affiliated Managers Group, Inc., 4.25%, 2/15/24 4.25 02/15/2024 915,000 956,561
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 5.875 06/24/2019 405,000 428,075
CHS, 6.875%, 2/1/22 (144A) 6.875 02/01/2022 2,140,000 2,342,631
Sanchez Energy Corp., 7.75%, 6/15/21 7.75 06/15/2021 380,000 398,726
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 11.265 01/08/2015 250,000 256,172
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 4.25 01/29/2021 597,000 567,150
Renfro Corp., Tranche B Term Loan, 1/30/19 5.7507 01/30/2019 383,895 364,701
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 4.4584 01/15/2048 400,000 409,233
Oasis Petroleum, Inc., 6.875%, 3/15/22 6.875 03/15/2022 500,000 524,392
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 3.653 06/11/2027 1,400,000 1,399,878
Waupaca Foundry, Inc., Term Loan, 6/29/17 4.0 06/29/2017 590,309 589,325
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 5.125 08/01/2022 2,500,000 2,520,599
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 6.41 10/22/2018 250,000 254,561
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 6.0 07/08/2019 500,000 501,917
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 3.6533 01/15/2027 1,500,000 1,501,149
Steel Dynamics, Inc., 5.25%, 4/15/23 5.25 04/15/2023 1,000,000 1,052,333
Petco Holdings, Inc., 8.5%, 10/15/17 (144A) (PIK) 8.5 10/15/2017 1,000,000 1,008,778
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 5.632 10/15/2048 1,500,000 1,545,710
Kane-Pi4 Zero% 18jul16 0.0 07/18/2016 1,505,000 1,597,859
Akorn, Inc., Loan, 11/13/20 4.5 11/13/2020 693,587 690,402
Bank of America Corp., 7.25% (Perpetual) 7.25 12/31/2049 323 369,257
Salix Pharmaceuticals, Ltd., Term Loan, 12/17/19 4.25 12/17/2019 168,438 168,573
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 3.2533 02/15/2029 2,000,000 2,007,995
Blue Danube II, Ltd., Floating Rate Note, 5/23/16 (Cat Bond) (144A) 4.2734 05/23/2016 750,000 770,079
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 5.375 04/15/2021 500,000 519,944
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 5.25 10/07/2021 775,000 750,975
Sotheby's, 5.25%, 10/1/22 (144A) 5.25 10/01/2022 1,135,000 1,117,266
WireCo WorldGroup, Inc., 9.5%, 5/15/17 9.5 05/15/2017 100,000 106,381
Wells Fargo & Co., Floating Rate Note (Perpetual) 7.98 12/31/2049 400,000 444,953
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 6.5 12/15/2020 500,000 544,778
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 6.5 07/20/2020 1,097,250 1,089,935
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 9.875 01/15/2019 142,000 157,134
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 6.25 10/15/2022 1,080,000 1,106,925
Endo Finance LLC, 5.75%, 1/15/22 (144A) 5.75 01/15/2022 375,000 383,224
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 10.75 10/01/2020 650,000 584,323
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 5.5 06/25/2020 413,327 410,795
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 4.352 01/25/2043 100,000 91,005
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 4.25 05/09/2020 400,000 400,818
Cummins, Inc., 5.65%, 3/1/98 5.65   350,000 406,658
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 5.75 10/07/2020 1,250,000 1,230,469
Corsicanto, Ltd., 3.5%, 1/15/32 3.5 01/15/2032 1,250,000 756,632
NCR Corp., 5.0%, 7/15/22 5.0 07/15/2022 685,000 691,660
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 7.25 05/01/2019 400,000 417,500
US Bancorp, Floating Rate Note (Perpetual) 6.5 12/31/2049 12,250 359,048
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 7.0 05/15/2018 1,365,000 1,453,422
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 770,000 775,294
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 470,000 479,400
Energy XXI, Ltd., 3.0%, 12/15/18 (144A) 3.0 12/15/2018 1,665,000 1,202,061
Bank of America Corp., 7.75%, 5/14/38 7.75 05/14/2038 200,000 283,792
Signode Industrial Group Us Inc 1st Lien Tl-B L + 3% 21mar21 4.0 03/21/2021 918,548 903,622
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 5.5 07/02/2020 496,250 495,320
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22 4.7 10/15/2022 500,000 523,617
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 557,477 553,993
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 5.9646 03/17/2049 300,000 314,169
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 6.125 09/15/2023 1,700,000 1,853,555
Houghton Mifflin Harcourt Publishing Co., Term Loan, 5/22/18 4.25 05/22/2018 146,250 145,884
Gold Fields Orogen Holdings BVI, Ltd., 4.875%, 10/7/20 (144A) 4.875 10/07/2020 400,000 357,300
New World Resources NV, 4.0%, 10/7/20 (144A) (PIK) 4.0 10/07/2020 67,741 39,268
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 6.75 09/25/2034 300,000 62,070
Denbury Resources, Inc., 4.625%, 7/15/23 4.625 07/15/2023 910,000 853,005
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 3.875 01/31/2028 200,000 195,391
NuVasive, Inc., 2.75%, 7/1/17 2.75 07/01/2017 1,300,000 1,574,354
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 5.25 02/01/2021 865,000 852,566
SandRidge Energy, Inc., 7.5%, 2/15/23 7.5 02/15/2023 700,000 634,083
Gannett Co, Inc., 6.375%, 10/15/23 6.375 10/15/2023 1,620,000 1,746,090
Nov14 Vix C @ 19.000000   11/19/2014 1,350 108,000
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 7.75 06/15/2019 325,000 354,015
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 6.95 10/17/2022 300,000 286,411
QR Energy LP, 9.25%, 8/1/20 9.25 08/01/2020 640,000 736,400
PQ Corp., 2014 Term Loan, 8/7/17 4.0 08/07/2017 687,750 681,732
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 4.75 06/24/2021 400,000 396,000
WellPoint, Inc., 2.75%, 10/15/42 2.75 10/15/2042 300,000 524,242
Cme: (Cdx.Na.Hy.22.V2) Usd 20jun19 Z91jjmp14 500.0 06/20/2019 -46,309,931 -3,753,617
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.03 02/25/2015 600,000 612,360
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9695 05/15/2046 715,000 663,010
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 11.5 02/15/2018 100,000 28,836
Lamar Media Corp., 5.375%, 1/15/24 5.375 01/15/2024 600,000 630,496
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 3.4035 09/18/2031 1,200,000 1,128,857
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 500,000 565,855
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 5.568 04/15/2047 1,200,000 1,226,956
VOLT XXII LLC, 4.75%, 10/27/53 (Step) 4.75 10/27/2053 2,500,000 2,495,449
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 430,000 438,600
Wells Fargo Commercial Mortgage Trust, 4.0%, 11/18/43 (144A) 4.0 11/18/2043 100,000 87,683
NeuStar, Inc., 4.5%, 1/15/23 4.5 01/15/2023 675,000 592,819
Stone Energy Corp., 7.5%, 11/15/22 7.5 11/15/2022 150,000 145,063
Altrl Flt% 30jun16   06/30/2016 4,000,000 4,298,400
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 585,000 527,231
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 6.0 09/29/2020 575,000 569,250
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 2.25 05/15/2041 1,480,000 1,309,430
Citicorp Residential Mortgage Trust Series 2006-2, 5.948%, 9/25/36 (Step) 5.948 09/25/2036 1,900,000 915,957
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 1.352 04/25/2034 4,900,000 458,230
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 5.273 12/11/2038 2,642,507 2,687,760
Phosagro OAO via Phosagro Bond Funding, Ltd., 4.204%, 2/13/18 (144A) 4.204 02/13/2018 200,000 194,822
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 9.0 01/21/2025 750,000 272,817
Seven Seas Cruises S de RL LLC, Term B2 Loan, 12/21/18 3.75 12/21/2018 463,029 462,450
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 800,000 185,846
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 3.75 07/02/2021 203,764 198,543
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/31/2020 292,369 294,074
Credit Suisse First Boston Mortgage Securities Corp., 4.877%, 4/15/37 4.877 04/15/2037 1,500,000 1,517,343
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 2.0592 10/25/2033 23,000,000 147,122
Fly Funding II Sarl, Loan, 8/8/18 4.5 08/08/2018 734,659 734,946
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 5.136 10/12/2042 1,500,000 1,509,821
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 4.4965 03/17/2048 200,000 192,009
Corporate Office Properties LP, 3.6%, 5/15/23 3.6 05/15/2023 225,000 220,392
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 3.2331 04/23/2020 925,965 915,934
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 5.25 10/06/2019 1,450,000 1,487,911
Sequa Corp., Initial Term Loan, 6/19/17 5.25 06/19/2017 736,875 702,610
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 6.0 06/15/2017 300,000 306,050
DuPont Fabros Technology LP, 5.875%, 9/15/21 5.875 09/15/2021 2,000,000 2,095,014
Advanced Micro Devices, Inc., 7.0%, 7/1/24 7.0 07/01/2024 1,500,000 1,355,625
T-Mobile USA, Inc., 6.633%, 4/28/21 6.633 04/28/2021 555,000 594,341
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 4.25 04/30/2028 300,000 288,035
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 3.25 04/29/2020 172,960 169,960
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 8.5051 05/09/2016 500,000 536,908
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 9.125 06/01/2018 400,000 431,208
Stanley Black & Decker, Inc., Floating Rate Note, 12/15/53 5.75 12/15/2053 600,000 659,533
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 5.125 07/15/2024 1,360,000 1,413,918
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 3.25 01/14/2018 157,500 157,402
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 3.603 05/08/2031 530,000 532,063
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-3, Floating Rate Note, 12/25/36 (144A) 0.352 12/25/2036 3,184,259 693,508
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 14,300 1,181,609
Wheelabrator 1st Lien Tl-B L + 4% 15oct21   10/15/2021 1,915,709 1,924,090
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 2,815,000 2,973,524
Rex Energy Corp., 6.25%, 8/1/22 (144A) 6.25 08/01/2022 915,000 876,621
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 6.75 04/01/2020 445,000 464,191
Equinix, Inc., 7.0%, 7/15/21 7.0 07/15/2021 50,000 55,531
Cequel Communications LLC, Term Loan, 2/14/19 3.5 02/14/2019 382,262 378,747
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 1,265,000 1,364,162
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 12.0 12/15/2019 265,000 302,188
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 11/15/2026 500,000 499,800
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 5.125 10/01/2021 1,430,000 1,490,636
NPC International, Inc., Term Loan, 12/28/18 4.0 12/28/2018 563,356 539,414
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 400,000 484,160
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2043 400,000 422,442
Michaels Stores, Inc., Term B Loan, 1/28/20 3.75 01/28/2020 246,250 242,479
Shutterfly, Inc., 0.25%, 5/15/18 0.25 05/15/2018 1,915,000 1,848,986
Citigroup, Inc., Floating Rate Note (Perpetual) 5.95 12/31/2049 640,000 645,626
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 5.25 12/31/2049 1,500,000 1,576,375
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 5.4001 07/15/2044 2,500,000 2,533,200
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 9.25 01/24/2020 750,000 626,193
Theravance, Inc., 2.125%, 1/15/23 2.125 01/15/2023 500,000 426,253
Prudential Financial, Inc., Floating Rate Note, 9/15/42 5.875 09/15/2042 3,775,000 4,029,839
Seagate HDD Cayman, 4.75%, 6/1/23 4.75 06/01/2023 885,000 930,862
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 6.0 08/09/2017 250,000 281,973
Capella Healthcare, Inc., 9.25%, 7/1/17 9.25 07/01/2017 200,000 215,417
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 3.5525 08/15/2031 1,400,000 1,402,346
MGM Resorts International, Term B Loan, 12/20/19 3.5 12/20/2019 265,275 262,498
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 6.051 12/10/2049 1,600,000 1,680,551
JPMorgan Chase & Co., 4.35%, 8/15/21 4.35 08/15/2021 200,000 216,627
GCI, Inc., 8.625%, 11/15/19 8.625 11/15/2019 458,000 495,680
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 3.75 12/12/2019 165,030 164,618
Fannie Mae, 4.5%, 6/1/44 4.5 06/01/2044 8,396,974 8,727,152
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 8.5 10/15/2022 1,240,000 1,346,984
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 8.625 11/01/2018 1,215,000 1,252,209
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 5.6246 07/12/2044 113,538 127,574
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 3.6142 06/25/2046 1,000,000 949,860
Belden, Inc., 5.5%, 9/1/22 (144A) 5.5 09/01/2022 1,860,000 1,909,600
Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A) 7.25 04/01/2019 1,960,000 1,687,642
Masco Corp., 7.125%, 3/15/20 7.125 03/15/2020 135,000 155,467
Air Medical Group Holdings, Inc., B-1 Term Loan, 6/30/18 5.0 06/30/2018 248,439 249,837
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 5.0 08/16/2020 444,211 445,322
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 25,000 20,383
JobsOhio Beverage System, 4.532%, 1/1/35 4.532 01/01/2035 75,000 81,208
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 4.25 11/28/2018 318,701 316,311
US Bancorp, Floating Rate Note (Perpetual) 6.0 12/31/2049 16,400 443,784
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 2,500,000 2,518,639
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 4.94 07/20/2018 1,100,000 1,112,448
Kleopatra Acquisition Corp., Term B-1 Loan, 12/21/16 4.75 12/21/2016 181,157 181,383
Burger King Corp 1st Lien Tl-B L + 3.5% 25sep21 4.5 09/25/2021 365,000 365,279
Republic of Ghana, 7.875%, 8/7/23 (144A) 7.875 08/07/2023 1,100,000 1,127,363
Epiq Systems, Inc., Term Loan, 8/27/20 4.25 08/27/2020 594,000 591,030
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 6.25 05/01/2024 1,075,000 1,145,398
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 1.152 01/25/2035 7,450,000 1,147,086
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 0.0   100,000 82,351
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 4.5 10/13/2021 1,768,689 1,767,032
Banco Santander SA, Floating Rate Note (Perpetual) 6.375 12/31/2049 1,000,000 995,500
Neiman Marcus Group, Ltd. LLC, 8.75%, 10/15/21 (144A) (PIK) 8.75 10/15/2021 500,000 536,944
Fannie Mae, 4.5%, 9/1/40 4.5 09/01/2040 2,868,485 903,150
Hercules Offshore, Inc., 8.75%, 7/15/21 (144A) 8.75 07/15/2021 905,000 602,516
IMS Health, Inc., 6.0%, 11/1/20 (144A) 6.0 11/01/2020 170,000 181,475
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 7.25 06/01/2020 525,000 517,234
EP Energy LLC, Tranche B-3 Loan, 5/24/18 3.5 05/24/2018 176,667 173,023
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 20.0456 12/06/2017 250,000 270,303
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 4.0 04/10/2021 491,281 486,983
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/8/31 (144A) 4.903 05/08/2031 300,000 301,320
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.0 05/04/2018 392,180 389,974
Atlantic Power LP, Term Loan, 2/20/21 4.75 02/20/2021 1,505,672 1,500,025
Nov14 Vix C @ 20   11/19/2014 700 47,250
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 5.2431 01/25/2035 1,100,000 152,240
County of York South Carolina, 5.7%, 1/1/24 5.7 01/01/2024 100,000 101,977
TAL Advantage V LLC, 4.1%, 2/22/39 4.1 02/22/2039 600,000 559,765
GS Mortgage Securities Trust 2012-GC6, Floating Rate Note, 1/12/45 (144A) 5.8258 01/12/2045 110,000 116,228
Chrysler Group LLC, Tranche B Term Loan, 12/29/18 3.25 12/29/2018 2,014,875 1,999,135
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 7.875 04/15/2019 400,000 415,400
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125 12/31/2049 63,000 1,704,780
Banc of America Commercial Mortgage Trust 2007-3, Floating Rate Note, 6/10/49 5.5632 06/10/2049 1,750,000 1,823,252
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 330,000 365,342
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 2,020,000 1,911,818
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 6.375 09/01/2024 1,500,000 1,579,688
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 250,000 293,225
IASIS Healthcare LLC, Term B-2 Loan, 5/3/18 4.5 05/03/2018 193,061 193,242
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 8.75 12/15/2019 750,000 840,417
Drill Rigs Holdings, Inc., 6.5%, 10/1/17 (144A) 6.5 10/01/2017 845,000 798,877
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 6.5 02/24/2021 525,000 615,525
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 4.375 10/01/2022 1,550,000 1,570,102
Cenveo Corp., 6.0%, 8/1/19 (144A) 6.0 08/01/2019 1,210,000 1,182,775
Coveris Holdings SA, USD Term Loan, 4/14/19 5.25 04/14/2019 29,775 29,980
Rosetta Resources, Inc., 5.625%, 5/1/21 5.625 05/01/2021 515,000 514,034
ATKORE INTERNATIONAL INC, Term Loan (First Lien), 3/27/21 4.5 03/27/2021 897,750 891,017
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 3.79 01/10/2031 1,000,000 962,869
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 5.85 05/21/2043 1,550,000 1,570,925
AXA SA, 8.6%, 12/15/30 8.6 12/15/2030 250,000 344,685
DigitalGlobe, Inc., Term Loan, 1/31/20 3.75 01/31/2020 694,181 691,144
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 3.0806 07/15/2023 750,000 720,487
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 7.25 04/01/2019 250,000 264,010
LB-UBS Commercial Mortgage Trust 2005-C2, Floating Rate Note, 4/15/40 5.3657 04/15/2040 1,000,000 1,021,989
The Ryland Group, Inc., 5.375%, 10/1/22 5.375 10/01/2022 95,000 93,526
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 5.3259 07/10/2045 350,000 355,310
Emulex Corp., 1.75%, 11/15/18 (144A) 1.75 11/15/2018 765,000 701,367
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 3.75 06/30/2019 294,398 287,722
United Airlines, Inc., Class B Term Loan, 4/1/19 3.5 04/01/2019 246,250 242,064
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 5.239 12/12/2049 2,000,000 2,021,596
Sappi Papier Holding GmbH, 6.625%, 4/15/21 (144A) 6.625 04/15/2021 900,000 938,650
ZIGGO BV, (USD) TLB3, 1/15/22   01/15/2022 587,872 573,438
Pioneer Energy Services Corp., 6.125%, 3/15/22 (144A) 6.125 03/15/2022 500,000 468,913
Axiall Corp., 4.875%, 5/15/23 4.875 05/15/2023 1,405,000 1,394,433
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 6.75 11/23/2015 900,000 964,913
Wendy's International LLC, Term B Loan, 5/15/19 3.25 05/15/2019 748,838 745,963
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,150,000 1,169,800
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 8.375 05/15/2020 805,000 894,825
StoneMor Partners LP, 7.875%, 6/1/21 (144A) 7.875 06/01/2021 375,000 403,242
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5