Pioneer Investments: Pioneer Dynamic Credit Fund


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Pioneer Dynamic Credit Fund

Monthly Portfolio Holdings as of 11/28/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-3, Floating Rate Note, 12/25/36 (144A) 0.3553 12/25/2036 3,184,259 695,477
American Airlines Inc 1st Lien Tl-B L + 3.5% 08oct21 4.25 10/08/2021 175,000 175,375
Atlantic Power LP, Term Loan, 2/20/21 4.75 02/20/2021 1,499,364 1,512,483
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 5.375 11/15/2021 200,000 201,706
Heckler & Koch GmbH, 9.5%, 5/15/18 (144A) 9.5 05/15/2018 100,000 93,727
Qwest Corp., 7.375%, 6/1/51 7.375 06/01/2051 4,400 116,908
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.771 05/15/2046 715,000 677,416
Foresight Energy LLC, Term Loan, 8/21/20 5.5 08/21/2020 249,073 250,630
Rosetta Resources, Inc., 5.625%, 5/1/21 5.625 05/01/2021 515,000 494,078
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 4.5 01/24/2021 114,425 114,675
Grifols Worldwide Operations, Ltd., 5.25%, 4/1/22 (144A) 5.25 04/01/2022 645,000 669,806
Belden, Inc., 5.5%, 9/1/22 (144A) 5.5 09/01/2022 1,860,000 1,901,282
NRG Energy, Inc., 6.25%, 7/15/22 6.25 07/15/2022 675,000 709,266
JPMorgan Chase & Co., Floating Rate Note (Perpetual) 5.15 12/31/2049 1,000,000 961,506
Lamar Media Corp., 5.375%, 1/15/24 5.375 01/15/2024 600,000 631,504
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 500,000 578,323
Merrill Lynch Mortgage Trust 2005-CKI1, Floating Rate Note, 11/12/37 5.2859 11/12/2037 2,150,000 2,160,156
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.0152 02/25/2015 600,000 605,557
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/29 (144A 6.3785 10/15/2029 1,850,000 1,858,023
Telenet Finance III Luxembourg SCA, 6.625%, 2/15/21 (144A) 6.625 02/15/2021 200,000 272,500
Sappi Papier Holding GmbH, 6.625%, 4/15/21 (144A) 6.625 04/15/2021 900,000 936,537
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 3.25 08/17/2020 235,498 229,684
Ensco Plc, 5.75%, 10/1/44 5.75 10/01/2044 3,950,000 4,156,029
NeuStar, Inc., 4.5%, 1/15/23 4.5 01/15/2023 675,000 603,619
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 1,050,000 1,270,415
Navistar International Corp., 8.25%, 11/1/21 8.25 11/01/2021 1,075,000 1,114,148
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 2,020,000 1,842,016
SM Energy Co., 5.0%, 1/15/24 5.0 01/15/2024 455,000 425,931
Government National Mortgage Association REMICS, Floating Rate Note, 11/16/54 1.0377 11/16/2054 3,400,000 314,167
NRG Energy, Inc., 8.25%, 9/1/20 8.25 09/01/2020 200,000 218,533
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 481,000 511,356
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 5.75 12/06/2016 850,000 898,788
Citigroup Capital XIII, Floating Rate Note, 10/30/40 7.875 10/30/2040 49,090 1,307,267
Radio Systems Corp., 8.375%, 11/1/19 (144A) 8.375 11/01/2019 600,000 655,658
Norcraft Companies LP, Initial Loan, 11/12/20 5.25 11/12/2020 198,500 198,500
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 4.456 09/27/2032 360,000 14,296
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 770,000 697,567
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 6.0 12/15/2020 540,000 570,960
Monitronics International, Inc., 9.125%, 4/1/20 9.125 04/01/2020 785,000 788,691
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 150,000 152,343
Sgms 10% 01dec22 144a 10.0 12/01/2022 800,000 749,778
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 1,325,000 1,392,833
GTECH S.p.A., Floating Rate Note, 3/31/66 (144A) 8.25 03/31/2066 300,000 409,499
COMM 2012-CCRE4 Mortgage Trust, Floating Rate Note, 10/17/45 (144A) 4.5756 10/17/2045 303,000 304,163
New Hampshire Health and Education Facilities Authority Act, 6.5%, 1/1/41 6.5 01/01/2041 150,000 174,098
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 6.407 08/28/2037 1,288,834 74,518
Advanced Micro Devices, Inc., 7.5%, 8/15/22 7.5 08/15/2022 445,000 407,917
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 900,000 984,319
Emdeon, Inc., Term B-2 Loan, 11/2/18 3.75 11/02/2018 777,886 775,212
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 5.8654 04/15/2045 1,400,000 1,412,247
Nationstar Mortgage LLC, 6.5%, 8/1/18 6.5 08/01/2018 355,000 348,363
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 4.5101 12/06/2016 800,000 835,040
Burlington Northern Santa Fe LLC, 4.55%, 9/1/44 4.55 09/01/2044 3,900,000 4,105,153
AECOM Technology Corp., 5.75%, 10/15/22 (144A) 5.75 10/15/2022 635,000 670,538
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 9.125 06/01/2018 400,000 440,047
ONEOK, Inc., 6.875%, 9/30/28 6.875 09/30/2028 1,450,000 1,668,996
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 6.625 05/15/2018 500,000 517,988
NPC International, Inc., Term Loan, 12/28/18 4.0 12/28/2018 563,356 543,639
Capella Healthcare, Inc., 9.25%, 7/1/17 9.25 07/01/2017 200,000 216,210
Wells Fargo & Co., Floating Rate Note, 12/29/49 5.9 12/29/2049 750,000 798,235
Gold Fields Orogen Holdings BVI, Ltd., 4.875%, 10/7/20 (144A) 4.875 10/07/2020 400,000 354,817
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 3.404 09/18/2031 1,200,000 1,110,877
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 1.875 09/01/2020 750,000 907,188
Range Resources Corp., 5.0%, 3/15/23 5.0 03/15/2023 400,000 401,861
Equinix, Inc., 7.0%, 7/15/21 7.0 07/15/2021 50,000 57,740
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 7.25 05/01/2022 600,000 618,383
HJ Heinz Co., Term B-2 Loan, 6/5/20 3.5 06/05/2020 395,000 395,371
GCI, Inc., 8.625%, 11/15/19 8.625 11/15/2019 458,000 480,375
Pacific Drilling SA, Term Loan, 6/3/18 4.5 06/03/2018 375,263 349,307
Kane Flt% 14jul15 0.0 07/14/2015 713,104 689,215
Pioneer Energy Services Corp., 6.125%, 3/15/22 6.125 03/15/2022 500,000 411,295
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 509,814 118,690
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.505 04/09/2015 750,000 768,575
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A)   01/08/2019 1,050,000 1,051,493
Private Colleges & Universities Authority, 5.0%, 10/1/43 5.0 10/01/2043 1,000,000 1,146,506
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 2.059 10/25/2033 23,000,000 146,640
Maine Health & Higher Educational Facilities Authority, 5.0%, 7/1/43 5.0 07/01/2043 1,000,000 1,117,776
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 6.375 04/15/2022 400,000 389,117
Anthem, Inc., 2.75%, 10/15/42 2.75 10/15/2042 300,000 527,696
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 5.632 10/15/2048 1,500,000 1,544,401
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 8.2319 05/07/2015 250,000 257,548
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 8.5 04/03/2018 76,767 76,691
WireCo WorldGroup, Inc., Term Loan, 2/15/17 6.0 02/15/2017 48,536 48,703
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/16 0.065 01/31/2016 3,860,000 3,859,692
Wynn Las Vegas LLC, 4.25%, 5/30/23 (144A) 4.25 05/30/2023 205,000 201,645
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 6.7525 05/23/2019 172,813 172,380
Rexel SA, 5.25%, 6/15/20 (144A) 5.25 06/15/2020 600,000 617,350
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 5.4432 07/12/2044 113,538 128,657
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 100,000 95,772
WF-RBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A) 5.4658 02/15/2044 1,200,000 1,303,719
World Kitchen LLC, U.S. Term Loan, 3/4/19 5.5 03/04/2019 186,556 186,789
MetLife, Inc., 6.4%, 12/15/66 6.4 12/15/2066 300,000 342,309
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5531 04/10/2038 1,000,000 1,006,610
Taminco Global Chemical Corp., 2/15/19 3.25 02/15/2019 342,055 341,628
Envision Healthcare Corp., Initial Term Loan, 5/25/18 4.0 05/25/2018 294,667 293,783
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 1,000,000 1,075,972
Appvion, Inc., Term Commitment, 6/28/19 5.75 06/28/2019 987,500 982,151
Towergate Finance Plc, 8.5%, 2/15/18 (144A) 8.5 02/15/2018 340,000 475,509
AES Corp. Virginia, 5.5%, 3/15/24 5.5 03/15/2024 1,500,000 1,546,958
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125 12/31/2049 63,000 1,736,280
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0 12/31/2049 1,600 1,614,050
Affiliated Managers Group, Inc., 4.25%, 2/15/24 4.25 02/15/2024 915,000 971,414
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 6.0 06/15/2017 300,000 307,450
The Ryland Group, Inc., 5.375%, 10/1/22 5.375 10/01/2022 95,000 93,923
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 7/25/35 2.575 07/25/2035 2,900,000 155,691
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 3.5 03/28/2019 606,120 601,448
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 4.25 12/23/2036 1,800,000 847,314
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 5.5 10/18/2020 545,875 546,557
ORES 2014-LV3 LLC, 6.0%, 3/27/24 6.0 03/27/2024 1,000,000 998,698
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2043 400,000 421,490
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 595,000 460,204
Burger King Corp., Tranche B Term Loan (2012), 9/28/19 3.75 09/28/2019 76,440 76,428
Dartmouth Zero% 31dec14 0.0 12/31/2014 1,500,000 1,494,300
Trust F, 5.25%, 12/15/24 (144A) 5.25 12/15/2024 400,000 429,567
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 0.8547 06/15/2033 2,500,000 697,307
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 250,000 304,150
Lorillard Tobacco Co., 3.75%, 5/20/23 3.75 05/20/2023 175,000 173,674
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 1.0 12/01/2020 1,000,000 1,000,569
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 325,000 316,237
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 5.75 01/16/2024 1,700,000 1,855,113
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 8.005 07/09/2015 250,000 261,733
Sotheby's, 5.25%, 10/1/22 (144A) 5.25 10/01/2022 1,135,000 1,099,200
Altrl Zero% 30jun16 0.0 06/30/2016 4,000,000 4,436,800
Surgical Care Affiliates LLC, Class C Incremental Term Loan, 6/29/18 4.0 06/29/2018 543,125 538,033
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7601 04/30/2018 1,150,000 1,182,872
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 2.0152 04/07/2017 500,000 501,717
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 6.0 07/08/2019 500,000 501,750
Axiall Corp., 4.875%, 5/15/23 4.875 05/15/2023 1,405,000 1,362,001
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 4.4584 01/15/2048 400,000 401,694
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 600,000 588,025
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 5.25 04/08/2020 206,133 205,231
VOLT XXIV LLC, 4.75%, 11/25/53 (Step) 4.75 11/25/2053 1,000,000 996,000
IMS Health, Inc., 6.0%, 11/1/20 (144A) 6.0 11/01/2020 170,000 175,468
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 1,450,000 1,538,631
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 12.0101 03/12/2015 250,000 261,367
T-Mobile USA, Inc., 6.0%, 3/1/23 6.0 03/01/2023 400,000 411,600
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 6.0 08/17/2019 323,812 325,735
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 8.0152 06/06/2016 250,000 272,792
BioScrip, Inc., 8.875%, 2/15/21 (144A) 8.875 02/15/2021 1,050,000 1,000,796
NEP, Amendment No. 3 Incremental Term Loan (First Lien), 1/22/20 4.25 01/22/2020 445,763 440,934
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.505 04/09/2015 1,000,000 1,029,456
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 1,475,000 1,441,567
Citadel Plastics Holdings Inc 1st Lien Tlb L + 4.25% 05nov20 5.25 11/05/2020 367,000 367,918
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 7.5 04/10/2020 290,000 291,088
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 3.7502 06/01/2018 21,259 21,180
JobsOhio Beverage System, 4.532%, 1/1/35 4.532 01/01/2035 75,000 82,278
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 5.5 06/25/2020 413,327 409,194
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 6.7308 07/18/2019 28,691 25,248
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 6.5 12/15/2020 500,000 544,806
Jones Energy Holdings LLC, 6.75%, 4/1/22 (144A) 6.75 04/01/2022 400,000 365,350
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 1,300,000 1,279,534
Targus Group International, Inc., Term Loan, 5/24/16 12.0 05/24/2016 90,336 73,850
Az Chem Us Inc 1st Lien Tl-B L + 3.5% 09jun21 4.5 06/09/2021 630,019 630,807
Murphy Oil USA, Inc., 6.0%, 8/15/23 6.0 08/15/2023 1,000,000 1,074,833
Unifrax I LLC, 7.5%, 2/15/19 (144A) 7.5 02/15/2019 630,000 656,250
Bombardier, Inc., 4.75%, 4/15/19 (144A) 4.75 04/15/2019 825,000 846,290
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 200,000 200,056
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 4.2703 04/18/2017 250,000 253,069
Banco Santander SA, Floating Rate Note (Perpetual) 6.375 12/31/2049 1,000,000 993,765
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 4.655 10/20/2020 600,000 586,685
Basic Energy Services, Inc., 7.75%, 10/15/22 7.75 10/15/2022 230,000 172,379
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 6.875 02/15/2019 1,350,000 1,359,938
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 8.625 11/01/2018 284,000 254,101
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 10.75 12/01/2020 208,000 189,849
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 4.75 04/30/2020 495,497 491,626
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 6.75 10/01/2037 225,000 281,075
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 5.2453 06/17/2044 50,000 54,788
Dtz Us Borrower Llc 1st Lien Dd L + 4.5% 28oct21 5.5 10/28/2021 620,672 624,551
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 5.58 06/25/2058 250,000 259,223
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 1,350,000 1,505,944
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 4.87 03/10/2027 600,000 295,587
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.02 03/16/2016 250,000 271,625
Pangaea Zero% 01jul18 0.0 07/01/2018 2,000,000 2,109,600
Cenveo Corp., 6.0%, 8/1/19 (144A) 6.0 08/01/2019 1,210,000 1,124,897
McKesson Corp., 4.883%, 3/15/44 4.883 03/15/2044 3,825,000 4,131,357
Endo Finance LLC, 5.75%, 1/15/22 (144A) 5.75 01/15/2022 375,000 391,464
CHS, 6.875%, 2/1/22 6.875 02/01/2022 1,495,000 1,616,274
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 5.875 02/15/2019 600,000 593,683
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 5.135 10/15/2039 100,000 101,765
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/31/2020 487,281 489,718
Morgan Stanley, Floating Rate Note (Perpetual) 6.375 12/31/2049 96,200 2,472,340
VOLT XXIII LLC, 4.75%, 11/25/53 (Step) 4.75 11/25/2053 2,000,000 1,996,678
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 6.25 05/01/2024 1,075,000 1,104,413
Petco Holdings, Inc., 8.5%, 10/15/17 (144A) (PIK) 8.5 10/15/2017 1,000,000 1,020,389
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 3.6142 06/25/2046 1,000,000 950,260
JMC Steel Group, Inc., Term Loan, 4/1/17 4.75 04/01/2017 393,026 392,279
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 6.5 07/20/2020 1,097,250 1,091,764
Cme: (Cdx.Na.Hy.23.V1) Usd 20dec19 Z91mw60e6 500.0 12/20/2019 -18,250,000 -1,506,387
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 1,400,000 1,539,144
WMG Acquisition Corp., 6.0%, 1/15/21 (144A) 6.0 01/15/2021 171,000 178,667
Davita Healthcare Partners Inc 1st Lien Tl-B L + 2.75% 19jun21 3.5 06/19/2021 63,340 63,097
ExGen Renewables I LLC, Term Loan, 2/5/21 5.25 02/05/2021 1,079,323 1,093,827
Air Medical Group Holdings, Inc., B-1 Term Loan, 6/30/18 5.0 06/30/2018 248,439 249,837
Production Resource Group, Inc., 8.875%, 5/1/19 8.875 05/01/2019 100,000 74,440
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 800,000 181,616
TAL Advantage V LLC, 4.1%, 2/22/39 4.1 02/22/2039 600,000 557,185
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 4.0 01/30/2019 400,857 398,602
New World Resources NV, 4.0%, 10/7/20 (PIK) 4.0 10/07/2020 67,741 39,013
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 10.5 12/15/2018 100,000 110,658
Fly Leasing, Ltd., 6.375%, 10/15/21 6.375 10/15/2021 2,375,000 2,386,677
NCR Corp., 6.375%, 12/15/23 6.375 12/15/2023 1,660,000 1,774,609
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 11/29/2019 98,939 99,310
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 7.75 06/15/2019 325,000 352,724
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 4.5 06/07/2020 232,502 232,212
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 700,000 703,155
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 4.0 02/01/2019 1,455,000 1,324,030
Queen Street VIII Re, Ltd., Floating Rate Note, 6/8/16 (Cat Bond) (144A) 6.505 06/08/2016 250,000 256,869
AEP Industries, Inc., 8.25%, 4/15/19 8.25 04/15/2019 485,000 494,740
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,150,000 1,168,649
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 9.0 01/29/2019 340,000 370,600
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 5.2431 01/25/2035 1,100,000 134,607
Buckeye Partners LP, 4.15%, 7/1/23 4.15 07/01/2023 3,500,000 3,527,538
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 5.25 02/01/2021 865,000 845,285
Brocade Communications Systems, Inc., 4.625%, 1/15/23 4.625 01/15/2023 1,915,000 1,890,517
Windstream Corp., Tranche B-4 Term Loan, 1/23/20 3.5 01/23/2020 196,993 196,105
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 9.0 01/21/2025 750,000 255,664
Fannie Mae, 3.5%, 5/1/44 3.5 05/01/2044 6,475,000 6,576,030
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 5.125 10/01/2021 1,430,000 1,499,911
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 3.75 06/03/2020 216,104 213,673
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 9.25 06/01/2021 800,000 700,589
Vantiv LLC, Term B Loan, 6/12/21 3.75 06/12/2021 384,038 382,775
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 8.375 09/30/2020 1,846,407 1,672,152
ATKORE INTERNATIONAL INC, Term Loan (First Lien), 3/27/21 4.5 03/27/2021 897,750 894,383
Kleopatra Acquisition Corp., Term B-1 Loan, 12/21/16 4.75 12/21/2016 181,157 181,496
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 5.75 10/07/2020 1,250,000 1,246,875
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 5.658 03/15/2045 304,000 313,185
WireCo WorldGroup, Inc., 9.5%, 5/15/17 9.5 05/15/2017 100,000 102,369
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 4.0 03/01/2020 517,020 512,698
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 7.875 04/15/2019 400,000 418,850
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 3.5 06/08/2020 790,000 783,499
Banc of America Commercial Mortgage Trust 2007-3, Floating Rate Note, 6/10/49 5.547 06/10/2049 1,750,000 1,823,679
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 6.0 09/29/2020 575,000 569,250
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 3.75 06/30/2019 294,398 276,735
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0152 06/06/2016 500,000 558,839
Summit Midstream Holdings LLC, 7.5%, 7/1/21 7.5 07/01/2021 1,030,000 1,144,158
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 3.875 09/25/2018 248,121 238,196
Oasis Petroleum, Inc., 6.875%, 3/15/22 6.875 03/15/2022 500,000 477,066
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 5.485 07/12/2046 1,400,000 1,434,808
Russian Agricultural Bank OJSC Via RSHB Capital SA, 8.5%, 10/16/23 (144A) 8.5 10/16/2023 1,350,000 1,186,856
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 585,000 601,708
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 3.25 01/14/2018 157,500 157,269
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 27,750 733,710
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 6.75 04/30/2018 966,507 930,747
MedAssets, Inc., 8.0%, 11/15/18 8.0 11/15/2018 175,000 182,763
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 4.25 07/03/2019 743,868 743,403
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 6.75 03/15/2023 700,000 710,800
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 4.5 10/13/2021 1,768,689 1,778,086
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 4.0 04/23/2020 303,846 303,561
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 3.5 10/18/2018 171,938 170,095
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 5.75 08/25/2036 1,200,000 190,669
Elior Finance & Co SCA, 6.5%, 5/1/20 (144A) 6.5 05/01/2020 900,000 797,401
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 8.5 10/15/2022 1,240,000 1,373,782
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 4.0 10/03/2021 500,000 502,373
Corporate Office Properties LP, 3.6%, 5/15/23 3.6 05/15/2023 225,000 217,934
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 9.31 07/20/2028 750,000 214,869
Virginia Resources Authority, 5.0%, 11/1/42 5.0 11/01/2042 1,000,000 1,143,249
Duff & Phelps LLC, Initial Term Loan, 4/23/20 4.5 04/23/2020 622,129 620,963
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 5.3 12/26/2059 200,000 207,176
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 1/21/20 (144A) 0.0 01/21/2020 200,000 47,256
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 5.4416 06/25/2033 1,749,811 342,136
Salix Pharmaceuticals, Ltd., Term Loan, 12/17/19 4.25 12/17/2019 168,438 166,671
AMG Capital Trust II, 5.15%, 10/15/37 5.15 10/15/2037 28,000 1,722,000
ViaSat, Inc., 6.875%, 6/15/20 6.875 06/15/2020 100,000 108,862
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 5.5 05/20/2021 1,360,000 1,394,918
TransDigm, Inc., Tranche C Term Loan, 2/28/20 3.75 02/28/2020 296,231 294,300
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 3.5 09/06/2019 368,872 368,918
Prestige Brands, Inc., Term B-2 Loan, 8/18/21 4.5 08/18/2021 986,111 991,247
VOLT XX LLC, 5.25%, 2/1/39 (Step) (144A) 5.25 02/01/2039 1,500,000 1,504,512
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 3.0 11/23/2016 525,937 522,705
Fannie Mae, 4.5%, 8/1/40 4.5 08/01/2040 3,070,237 1,490,562
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 5.3999 07/15/2044 2,500,000 2,531,772
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/03/2019 94,831 94,732
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 5.375 04/15/2021 500,000 518,910
Morgan Stanley, 4.875%, 11/1/22 4.875 11/01/2022 250,000 270,594
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 3.75 06/10/2021 558,307 554,585
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 615,000 614,814
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 20.0456 12/06/2017 250,000 272,092
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 4.125 01/31/2019 280,230 280,697
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 1,610,000 1,541,228
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 4.56 04/15/2020 450,000 469,978
Prudential Financial, Inc., Floating Rate Note, 9/15/42 5.875 09/15/2042 3,775,000 4,047,088
Verizon Communications, Inc., 5.012%, 8/21/54 (144A) 5.012 08/21/2054 576,000 607,635
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 5.568 04/15/2047 1,200,000 1,227,948
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 5.5 02/01/2043 2,240,000 2,541,600
Ferrexpo Finance Plc, 7.875%, 4/7/16 (144A) 7.875 04/07/2016 300,000 252,473
Michaels Stores, Inc., Term B Loan, 1/28/20 3.75 01/28/2020 246,250 244,737
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 3.6225 07/28/2019 500,000 370,754
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 10.0 08/15/2021 800,000 799,111
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 19,180 18,989
Fly Leasing, Ltd., 6.75%, 12/15/20 6.75 12/15/2020 590,000 624,368
The Hanover Insurance Group, Inc., 6.35%, 3/30/53 6.35 03/30/2053 40,000 982,400
Hospitality Properties Trust, 5.0%, 8/15/22 5.0 08/15/2022 381,000 411,247
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 5.0 09/09/2017 744,375 740,033
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 1,095,000 1,149,020
NRG Energy, Inc., 7.625%, 1/15/18 7.625 01/15/2018 900,000 1,022,294
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 5.273 12/11/2038 2,642,507 2,669,723
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 500,000 580,347
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 5.38 07/15/2020 700,000 717,499
TAL Advantage V LLC, 3.97%, 5/20/39 (144A) 3.97 05/20/2039 1,000,000 947,379
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 4.0101 05/05/2017 1,250,000 1,275,069
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 4.5 12/20/2019 196,623 192,773
PARTY CITY HOLDINGS INC, 2014 Replacement Term Loan, 7/27/19 4.0 07/27/2019 929,973 922,562
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 4.5 02/21/2021 920,375 912,178
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 3.0 10/24/2019 444,347 446,754
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 3.75 07/11/2021 290,000 259,637
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.0 05/04/2018 392,180 390,985
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 4.75 06/24/2021 400,000 399,250
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 7.78 03/25/2027 5,850,000 262,845
Ursa Re, Ltd., Floating Rate Note, 12/7/17 (Cat Bond) (144A)   12/07/2017 250,000 250,275
Neenah Paper, Inc., 5.25%, 5/15/21 (144A) 5.25 05/15/2021 365,000 373,045
Fly Funding II Sarl, Loan, 8/8/18 4.5 08/08/2018 725,118 726,025
Hercules Offshore, Inc., 6.75%, 4/1/22 (144A) 6.75 04/01/2022 965,000 497,819
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 4.2787 05/23/2018 750,000 762,160
SFX Entertainment, Inc., 9.625%, 2/1/19 (144A) 9.625 02/01/2019 1,885,000 1,770,107
Dole Food Co, Inc., Tranche B Term Loan, 10/25/18 4.5005 10/25/2018 981,621 980,190
Credit Agricole SA, Floating Rate Note, 12/31/64 (144A) 6.625 12/31/2064 2,900,000 2,887,141
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 3.0 07/15/2021 1,500,000 1,280,900
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 6.41 11/17/2025 139,000 139,311
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.771 05/15/2046 220,000 189,428
Frontier Communications Corp., 9.0%, 8/15/31 9.0 08/15/2031 200,000 220,700
Fidelity National Financial, Inc., 5.5%, 9/1/22 5.5 09/01/2022 250,000 275,351
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 4.0 03/28/2021 648,375 645,234
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 6.875 08/01/2022 1,090,000 953,977
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 5.1572 07/10/2045 350,000 354,823
Gannett Co, Inc., 6.375%, 10/15/23 6.375 10/15/2023 1,620,000 1,756,148
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 5.75 11/19/2019 211,934 212,640
CenturyLink, Inc., 6.45%, 6/15/21 6.45 06/15/2021 0 14,692
Sprint Corp., 7.125%, 6/15/24 7.125 06/15/2024 1,725,000 1,761,584
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 3.0 04/29/2020 172,960 170,906
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/16/28 (144A) 5.333 02/16/2028 500,000 512,703
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 4.5 06/19/2021 950,000 949,406
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 5.574 11/12/2049 1,500,000 1,555,370
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 3.875 01/31/2028 200,000 194,770
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 9.875 01/15/2019 142,000 157,514
The Geo Group, Inc., 5.875%, 10/15/24 5.875 10/15/2024 2,935,000 3,024,354
Halcon Resources Corp., 9.75%, 7/15/20 9.75 07/15/2020 1,180,000 945,524
Murray Energy Corp., 8.625%, 6/15/21 (144A) 8.625 06/15/2021 650,000 683,665
Amsurg Corp., 5.625%, 7/15/22 (144A) 5.625 07/15/2022 1,545,000 1,615,732
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 250,000 266,208
AECOM Technology Corp., 5.875%, 10/15/24 (144A) 5.875 10/15/2024 635,000 677,005
Bayview Commercial Asset Trust 2005-2, Floating Rate Note, 8/25/35 (144A) 0.4653 08/25/2035 1,400,000 306,063
Grays Harbor County Public Utility District No 1, 5.0%, 7/1/43 5.0 07/01/2043 1,000,000 1,111,616
Nordea Bank AB, 4.25%, 9/21/22 (144A) 4.25 09/21/2022 250,000 264,110
Charter Communications Operating LLC, Term F Loan, 12/31/20 3.0 12/31/2020 493,750 487,798
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21   10/20/2021 330,315 332,071
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 9.875 02/01/2020 300,000 325,835
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 4.5 06/06/2019 994,950 978,782
Kilimanjaro Re, Ltd., Floating Rate Note, 11/19/19 (Cat Bond) (144A) 0.0 11/19/2019 600,000 600,000
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 4.0 07/09/2018 1,250,000 1,262,292
Southern California Edison Co., Floating Rate Note (Perpetual) 6.25 12/31/2049 75,000 84,411
Frontier Communications Corp., 6.25%, 9/15/21 6.25 09/15/2021 200,000 206,760
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 5.25 10/06/2019 1,450,000 1,495,717
JPMorgan Chase & Co., 4.35%, 8/15/21 4.35 08/15/2021 200,000 220,002
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 1,430,000 1,362,184
MGM Resorts International, Term B Loan, 12/20/19 3.5 12/20/2019 265,275 262,152
CommScope Holding Co, Inc., 6.625%, 6/1/20 (144A) (PIK) 6.625 06/01/2020 1,650,000 1,774,174
Navios Maritime Partners LP, Term Loan, 6/27/18 5.25 06/27/2018 396,000 398,970
American Airlines, Inc., Class B Term Loan, 6/27/19 3.75 06/27/2019 345,625 342,961
WMG Acquisition Corp., Tranche B Refinancing Term Loan, 7/1/20 3.75 07/01/2020 678,150 664,757
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 5.9897 02/10/2051 1,250,000 1,273,810
Jan15 Vix C @ 15   01/21/2015 1,350 273,375
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 10.75 10/01/2020 650,000 573,508
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 8.0 07/01/2019 1,520,000 1,213,298
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 0.0   100,000 84,852
Jupiter Resources, Inc., 8.5%, 10/1/22 (144A) 8.5 10/01/2022 1,655,000 1,459,319
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 8.25 10/19/2019 800,000 375,333
Amgen, Inc., 5.375%, 5/15/43 5.375 05/15/2043 3,550,000 4,012,701
GTP Acquisition Partners I LLC, 7.628%, 6/15/41 (144A) 7.628 06/15/2041 500,000 527,160
Chiquita Brands International, Inc., 7.875%, 2/1/21 7.875 02/01/2021 928,000 1,030,834
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 8.25 01/15/2021 1,050,000 1,113,744
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 3.75 12/12/2019 165,030 164,858
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 7.7517 05/15/2018 132,998 132,111
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 4.404 10/13/2028 1,400,000 1,403,998
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 7.5 12/15/2021 1,360,000 1,107,267
Navistar, Inc., Tranche B Term Loan, 8/17/17 5.75 08/17/2017 120,000 121,463
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 100,000 109,853
CityCenter Holdings LLC, Term B Loan, 10/16/20 4.25 10/16/2020 227,316 227,401
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 3.2547 02/15/2029 2,000,000 2,007,356
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 5.95 12/31/2049 25,000 648,750
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 3.721 10/28/2019 1,750,000 1,756,400
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 7.25 04/03/2024 2,600,000 2,759,322
Northern Oil and Gas, Inc., 8.0%, 6/1/20 8.0 06/01/2020 750,000 693,417
Windstream Corp., 7.5%, 6/1/22 7.5 06/01/2022 1,305,000 1,389,281
FTS International, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 610,000 503,165
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 5.75 12/15/2018 680,000 678,262
Barry Callebaut Services NV, 5.5%, 6/15/23 (144A) 5.5 06/15/2023 300,000 325,970
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 1,190,000 1,220,973
Wheelabrator 1st Lien Tl-B L + 4% 15oct21   10/15/2021 1,915,709 1,934,268
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 330,000 309,238
Amkor Technology, Inc., 6.375%, 10/1/22 6.375 10/01/2022 285,000 283,652
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 11.265 01/08/2015 250,000 256,909
Fifth Third Bancorp, Floating Rate Note (Perpetual) 6.625 12/31/2049 14,900 407,962
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 11.5 02/15/2018 100,000 30,789
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 4.0 06/07/2020 1,439,375 1,424,621
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 6.8652 04/07/2020 1,500,000 1,596,775
Cepheid, 1.25%, 2/1/21 (144A) 1.25 02/01/2021 545,000 612,292
Chrysler Group LLC, Tranche B Term Loan, 12/29/18 3.25 12/29/2018 2,014,875 2,004,297
Sabre GLBL, Inc., Term B Loan, 2/19/19 4.0 02/19/2019 1,694,678 1,685,569
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 490,000 519,149
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 3.2351 04/01/2021 99,500 98,686
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 4.375 10/01/2022 1,550,000 1,583,126
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 430,000 403,818
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 400,000 426,413
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 2.828 01/21/2017 105,000 104,738
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 5.0 02/15/2018 764,609 735,937
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 5.125 07/15/2019 2,380,000 2,409,246
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 5.5 12/20/2026 800,000 743,915
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 4.25 01/15/2021 221,504 220,646
LB-UBS Commercial Mortgage Trust 2006-C1, Floating Rate Note, 2/15/41 5.276 02/15/2041 1,963,990 2,000,326
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 3.9752 05/18/2016 750,000 765,615
Fannie Mae, 4.5%, 9/1/40 4.5 09/01/2040 2,868,485 903,998
Stanley Black & Decker, Inc., Floating Rate Note, 12/15/53 5.75 12/15/2053 600,000 657,717
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 6.41 10/22/2018 250,000 254,440
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 2,500,000 729,711
Brookfield Residential Properties, Inc., 6.125%, 7/1/22 (144A) 6.125 07/01/2022 280,000 301,051
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 8.5051 05/09/2016 500,000 537,564
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 3.6055 05/08/2031 530,000 532,067
Kane-Pi4 Flt% 07jul16 0.0 07/07/2016 1,503,871 1,500,562
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 5.214 02/11/2041 100,000 100,573
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 4.0 04/27/2054 750,000 738,121
NCR Corp., 5.0%, 7/15/22 5.0 07/15/2022 685,000 680,624
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 6.011 02/15/2051 1,725,000 1,766,343
QR Energy LP, 9.25%, 8/1/20 9.25 08/01/2020 416,000 488,281
Abengoa Finance SAU, 8.875%, 11/1/17 (144A) 8.875 11/01/2017 900,000 883,713
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 1,370,000 1,408,018
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 7.75 10/15/2021 1,450,000 1,492,735
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 6.129 09/10/2047 160,000 143,882
Tenet Healthcare Corp., 4.5%, 4/1/21 4.5 04/01/2021 265,000 262,284
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/17/28 (144A) 3.0501 04/17/2028 1,900,000 1,903,076
InterGen NV, 7.0%, 6/30/23 (144A) 7.0 06/30/2023 1,050,000 1,041,046
Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A) 6.5 04/15/2021 190,000 183,909
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 3.79 01/10/2031 1,000,000 970,143
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 6.375 05/15/2043 1,000,000 861,229
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 100.0 12/20/2019 2,000,000 -110,509
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 5.85 05/21/2043 1,550,000 1,542,328
Apex Tool Group LLC, Term Loan, 1/31/20 4.5 01/31/2020 640,620 628,342
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 3.2331 04/23/2020 925,965 923,650
General Motors Financial Co, Inc., 4.25%, 5/15/23 4.25 05/15/2023 125,000 128,005
Jan15 Vix C @ 14   01/21/2015 650 160,875
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 9.25 06/01/2020 1,000,000 1,105,736
Seven Seas Cruises S de RL LLC, 9.125%, 5/15/19 9.125 05/15/2019 200,000 217,450
Signode Industrial Group Us Inc 1st Lien Tl-B L + 3% 21mar21 4.0 03/21/2021 902,711 892,838
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 6.5 02/24/2021 525,000 622,543
CenturyLink, Inc., 7.65%, 3/15/42 7.65 03/15/2042 1,300,000 1,320,443
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/16 0.089 04/30/2016 3,860,000 3,860,643
Ciena Corp., 0.875%, 6/15/17 0.875 06/15/2017 1,000,000 980,236
Albertsons LLC, Term B-2 Loan, 3/21/19 4.75 03/21/2019 894,254 894,477
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/8/31 (144A) 4.906 05/08/2031 300,000 300,489
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 4.46 07/25/2033 400,000 259,796
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 2,500 280,125
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 4.1757 05/25/2045 175,000 175,309
JAZZ PHARMACEUTICALS INC, Tranche 2 Term Loan, 6/12/18 3.25 06/12/2018 338,053 338,317
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 6.45 05/01/2036 300,000 361,441
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 1,645,000 1,712,342
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 705,000 779,887
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 7.373 12/15/2015 250,000 54,091
Massachusetts Water Resources Authority, 5.0%, 8/1/37 5.0 08/01/2037 1,000,000 1,154,019
SRAM LLC, Term Loan (First Lien), 4/10/20 4.0198 04/10/2020 662,410 652,474
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.75 08/16/2019 660,927 662,579
County of York South Carolina, 5.7%, 1/1/24 5.7 01/01/2024 100,000 102,420
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 4.5 05/02/2016 29,625 29,700
Seagate HDD Cayman, 4.75%, 6/1/23 4.75 06/01/2023 885,000 953,595
Old HB, Inc., Term B Loan, 4/9/20 6.75 04/09/2020 676,600 693,092
RAMP Series 2004-RZ1 Trust, 4.82%, 3/25/34 (Step) 4.82 03/25/2034 3,164,644 1,075,150
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 5.25 10/07/2021 775,000 759,258
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 400,000 388,611
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 6.0 04/21/2019 345,763 345,331
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 6.75 08/29/2049 2,360,000 2,565,615
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 0.6547 05/15/2031 5,908,000 478,827
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 1,105,000 1,189,517
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.3553 02/25/2035 2,208,000 348,656
CCO Holdings LLC, 5.75%, 9/1/23 5.75 09/01/2023 475,000 484,348
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 6.625 12/01/2021 1,300,000 1,186,584
QBE Insurance Group, Ltd., 2.4%, 5/1/18 (144A) 2.4 05/01/2018 200,000 200,512
Landry's, Inc., B Term Loan, 4/24/18 4.0 04/24/2018 440,397 440,443
MedAssets, Inc., Term B Loan, 12/13/19 4.0 12/13/2019 332,187 330,526
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 5.227 09/20/2019 1,499,000 1,500,959
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 2.875 01/15/2021 1,470,000 1,592,306
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 400,000 341,625
Kronos, Inc., Incremental Term Loan (First Lien), 10/30/19 4.5 10/30/2019 246,573 247,313
Shutterfly, Inc., 0.25%, 5/15/18 0.25 05/15/2018 1,915,000 1,834,996
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 4.0 04/23/2019 239,957 236,257
Bank of America Corp., Floating Rate Note, 10/23/49 6.5 10/23/2049 500,000 517,625
Firstar Realty LLC, 8.875% (Perpetual) (144A) 8.875 12/31/2049 400 486,625
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 3.5 08/05/2020 728,520 725,276
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 2,815,000 2,905,745
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 7.25 06/01/2020 525,000 512,320
Northshore Re, Ltd., Floating Rate Note, 7/5/16 (Cat Bond) (144A) 7.2675 07/05/2016 1,000,000 1,058,282
Templar Energy Llc Tl-B L + 7.5% 25nov20 8.5 11/25/2020 2,045,000 1,809,825
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 3.4251 01/17/2019 250,000 254,280
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.7601 12/06/2016 600,000 631,098
Energy XXI, Ltd., 3.0%, 12/15/18 (144A) 3.0 12/15/2018 1,665,000 1,105,005
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 7.0 05/15/2018 1,365,000 1,379,841
CHS, 2021 Term D Loan, 1/27/21 4.25 01/27/2021 345,492 346,734
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 6.0 03/31/2021 987,500 920,021
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 3.95 05/15/2027 400,000 394,774
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 7.35 07/15/2032 105,000 13,785
Constellation Brands, Inc., 4.25%, 5/1/23 4.25 05/01/2023 485,000 484,809
Steel Dynamics, Inc., 5.25%, 4/15/23 5.25 04/15/2023 0 6,417
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 1,265,000 1,360,332
MDC Holdings, Inc., 5.5%, 1/15/24 5.5 01/15/2024 1,150,000 1,153,418
Tronox Finance LLC, 6.375%, 8/15/20 6.375 08/15/2020 1,610,000 1,679,901
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 3.75 04/16/2021 299,250 299,597
MasTec, Inc., 4.875%, 3/15/23 4.875 03/15/2023 1,050,000 1,015,897
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A) 6.75 04/06/2021 200,000 229,988
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 1,100,000 1,165,487
ZIGGO BV, (USD) TLB3, 1/15/22 3.5 01/15/2022 587,872 579,107
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 6.75 09/25/2034 300,000 61,314
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 4.0 04/23/2019 484,761 477,287
Vedanta Resources Plc, 6.0%, 1/31/19 (144A) 6.0 01/31/2019 1,450,000 1,438,158
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 5.75 02/01/2023 980,000 882,905
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 400,000 423,327
LB-UBS Commercial Mortgage Trust 2005-C2, Floating Rate Note, 4/15/40 5.2029 04/15/2040 1,000,000 1,024,794
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 1,116,252 1,120,263
Iap Worldwide Services Inc     4 3,056
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 470,000 469,021
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 4.3556 03/17/2048 200,000 194,423
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 700,000 808,640
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 5.5 02/20/2021 224,438 225,279
RCMC LLC, 5.62346%, 12/17/18 (144A) 5.6235 12/17/2018 250,000 125,785
Sequa Corp., 6/19/17 5.25 06/19/2017 0 0
U.S. Treasury Floating Rate Note, 0.090001%, 7/31/16 0.09 07/31/2016 3,840,000 3,840,447
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 5.5 03/25/2034 212,565 69,576
Altisource Solutions Sarl, Term B Loan, 12/9/20 4.5 12/09/2020 1,138,051 1,001,485
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 4.25 11/28/2018 318,701 316,576
Arysta Lifescience SPC LLC, Initial Term Loan (First Lien), 5/29/20 4.5 05/29/2020 1,266,132 1,265,136
VOLT XXII LLC, 4.75%, 10/27/53 (Step) 4.75 10/27/2053 2,500,000 2,485,790
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 2.902 11/05/2030 1,900,000 1,876,256
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 1,950,000 1,636,538
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 9.0101 03/12/2015 250,000 257,638
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 272 6,806
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) 9.5 06/24/2019 112,000 94,299
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 570,000 540,985
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 6.75 04/15/2021 345,000 330,596
AgStar Financial Services ACA, Floating Rate Note (Perpetual) (144A) 6.75 12/31/2049 1,500 1,536,000
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 3.53 05/05/2017 1,000,000 1,014,936
Mastr Specialized Loan Trust, Floating Rate Note, 10/25/34 5.5 10/25/2034 775,000 803,374
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 7.506 12/31/2049 1,835,000 1,974,582
NBTY, Inc., Term B-2 Loan, 10/1/17 3.5 10/01/2017 750,000 739,018
Terex Corp., U.S. Term Loan, 8/13/21 2.9832 08/13/2021 111,057 110,640
AXA SA, 8.6%, 12/15/30 8.6 12/15/2030 250,000 347,899
NSG Holdings LLC, New Term Loan, 12/11/19 3.75 12/11/2019 220,870 220,318
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 6.75 12/31/2049 1,150,000 1,281,934
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 665,000 657,717
Generac Power Systems, Inc., Term Loan B, 5/31/20 3.25 05/31/2020 677,400 663,005
On Assignment, Inc., Initial Term B Loan, 5/15/20 3.5 05/15/2020 367,182 365,499
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 8.5304 01/05/2017 1,000,000 1,082,210
Credit Suisse First Boston Mortgage Securities Corp., 4.898%, 3/15/36 (144A) 4.898 03/15/2036 1,000,000 43,638
Denbury Resources, Inc., 4.625%, 7/15/23 4.625 07/15/2023 910,000 780,066
Charter Communications 1st Lien Tl-B L + 3.5% 12aug21   08/12/2021 390,000 393,260
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 3.7501 01/30/2020 791,250 786,107
SandRidge Energy, Inc., 7.5%, 2/15/23 7.5 02/15/2023 700,000 554,167
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 4.94 07/20/2018 1,100,000 1,113,565
Republic of Ghana, 7.875%, 8/7/23 (144A) 7.875 08/07/2023 1,100,000 1,107,920
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 6.75 11/23/2015 900,000 937,013
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 4.125 03/15/2018 150,000 91,366
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 550,000 567,218
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 12/12/2017 26,383 25,591
Catamaran Corp., 4.75%, 3/15/21 4.75 03/15/2021 1,125,000 1,134,578
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 1,422,813 1,423,702
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 7.375 11/01/2021 860,000 715,415
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 3.1587 07/15/2031 705,000 705,500
Gates Global Llc 1st Lien Tl-B L + 3.25% 12jun21 4.25 06/12/2021 625,000 619,754
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 8.375 05/15/2020 805,000 872,022
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 3.5 12/11/2019 298,478 296,905
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 6.625 10/01/2022 1,075,000 1,057,901
Advantage Sales & Marketing Inc 1st Lien Dd L + 3.25% 21jul21 4.25 07/21/2021 15,491 15,404
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 7.2575 02/13/2015 250,000 251,478
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.1553 02/25/2035 3,432,000 569,047
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 8.9101 06/06/2017 750,000 799,704
Wells Fargo & Co., 7.5% (Perpetual) 7.5 12/31/2049 1,050 1,288,901
Dana Holding Corp., 6.0%, 9/15/23 6.0 09/15/2023 830,000 879,662
Star West Generation LLC, Term B Advance, 3/13/20 4.25 03/13/2020 241,042 240,138
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 4.25 01/29/2021 597,000 582,821
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 1.3553 04/25/2034 4,900,000 458,458
Government National Mortgage Association, Floating Rate Note, 3/16/53 1.016 03/16/2053 350,000 23,621
FREMF Mortgage Trust 2012-K708, Floating Rate Note, 2/27/45 (144A) 3.8906 02/27/2045 200,000 201,629
Cequel Communications LLC, Term Loan, 2/14/19 3.5 02/14/2019 382,262 379,395
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.405 01/09/2019 1,000,000 1,049,783
PetroQuest Energy, Inc., 10.0%, 9/1/17 10.0 09/01/2017 500,000 479,722
SBP HOLDINGS, Ltd., Term Loan (First Lien), 3/24/21 5.0 03/24/2021 447,750 439,355
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 9.0 04/01/2022 500,000 552,250
Kane Flt% 12jun15   06/12/2015 1,100,000 1,030,480
Ukraine Government International Bond, 7.5%, 4/17/23 (144A) 7.5 04/17/2023 200,000 147,790
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 1,225,000 1,162,797
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 4.125 05/30/2023 200,000 203,410
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 6.125 09/15/2023 1,700,000 1,870,153
Altice Financing SA, 6.5%, 1/15/22 (144A) 6.5 01/15/2022 1,800,000 1,861,550
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 1,671,000 414,458
Numericable-SFR, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 850,000 878,138
Blackstone Holdings Finance Co LLC, 4.75%, 2/15/23 (144A) 4.75 02/15/2023 250,000 279,016
Metinvest BV, 8.75%, 2/14/18 (144A) 8.75 02/14/2018 700,000 471,185
Bank of America Corp., Floating Rate Note, 9/29/49 6.25 09/29/2049 1,000,000 1,008,958
Hexion US Finance Corp., 8.875%, 2/1/18 8.875 02/01/2018 1,700,000 1,655,953
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 1.1553 01/25/2035 7,450,000 1,134,190
CoBank ACB, Floating Rate Note (Perpetual) (144A) 6.25 12/31/2049 5,000 518,125
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 7.5043 03/01/2022 200,000 187,919
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 3.0806 07/15/2023 750,000 720,045
Immucor, Inc., 11.125%, 8/15/19 11.125 08/15/2019 100,000 112,214
Wheelabrator 1st Lien Tl-C L + 4% 15oct21   10/15/2021 84,291 85,108
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 6.625 12/15/2022 0 13,581
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 4.352 01/25/2043 100,000 91,627
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 500,000 512,694
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 3.5 08/17/2020 423,720 422,039
Frontier Communications Corp., 7.625%, 4/15/24 7.625 04/15/2024 250,000 266,705
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 11/15/2026 500,000 481,678
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 5.82 06/15/2019 750,000 751,274
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 5.5 12/15/2053 750,000 752,320
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 4.25 06/24/2019 493,733 488,076
Empresas ICA SAB de CV, 8.375%, 7/24/17 (144A) 8.375 07/24/2017 150,000 158,487
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7.0 02/01/2021 400,000 371,178
SunPower Corp., 0.875%, 6/1/21 (144A) 0.875 06/01/2021 2,000,000 1,880,667
Houghton Mifflin Harcourt Publishing Co., Term Loan, 5/22/18 4.25 05/22/2018 146,250 146,159
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 6.75 07/15/2021 2,005,000 2,160,638
Allegion US Holding Co, Inc., 5.75%, 10/1/21 5.75 10/01/2021 930,000 985,115
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 4.0 10/15/2024 425,000 440,217
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 400,000 489,480
Griffon Corp., 5.25%, 3/1/22 5.25 03/01/2022 2,375,000 2,301,573
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 4.25 12/18/2019 918,747 913,005
Legg Mason, Inc., 3.95%, 7/15/24 3.95 07/15/2024 1,250,000 1,301,754
State Street Corp., Floating Rate Note, 12/31/73 5.9 12/31/2073 29,300 766,488
Monty Parent Issuer 1 LLC, 3.47%, 11/20/28 (144A) 3.47 11/20/2028 1,750,000 906,767
Albea Beauty Holdings SA, 8.375%, 11/1/19 (144A) 8.375 11/01/2019 255,000 270,686
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 4.75 04/24/2021 39,406 39,640
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21   10/10/2021 575,000 576,438
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 3.5547 08/15/2031 1,400,000 1,401,656
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 8.375 04/04/2021 100,000 107,530
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 5.75 11/09/2018 790,371 790,619
Gibraltar Industries, Inc., 6.25%, 2/1/21 6.25 02/01/2021 1,000,000 1,047,986
Brit Insurance Holdings BV, Floating Rate Note, 12/9/30 6.625 12/09/2030 850,000 1,439,539
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 3.658 06/11/2027 1,400,000 1,396,268
CST Brands, Inc., 5.0%, 5/1/23 5.0 05/01/2023 1,325,000 1,340,090
Milacron LLC, Term Loan, 3/28/20 4.0 03/28/2020 981,392 971,578
NuVasive, Inc., 2.75%, 7/1/17 2.75 07/01/2017 997,000 1,231,327
JLL, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 705,000 743,481
Microsemi Corp., Term Loan (2014), 3/14/21 3.25 03/14/2021 175,289 173,974
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 1.2331 01/23/2021 172,782 172,199
Nordion 1st Lien Tl-B L + 3.5% 30jul21   07/30/2021 250,000 249,896
Syncreon Group BV, Term Loan, 9/26/20 5.25 09/26/2020 698,241 689,513
JLL, Initial Dollar Term Loan, 1/23/21 4.25 01/23/2021 448,875 439,785
Hercules Offshore, Inc., 8.75%, 7/15/21 (144A) 8.75 07/15/2021 905,000 445,775
CSM Bakery Solutions LLC, Term Loan (First Lien), 7/3/20 5.0 07/03/2020 864,563 852,675
Tenet Healthcare Corp., 4.375%, 10/1/21 4.375 10/01/2021 1,480,000 1,473,319
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 3.0 05/03/2020 528,313 518,186
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 5.55 10/28/2020 500,000 482,390
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 500,000 516,715
Loma Reinsurance, Ltd. Bermuda, Floating Rate Note, 1/8/18 (Cat Bond) (144A) 9.765 01/08/2018 500,000 525,042
OneBeacon US Holdings, Inc., 4.6%, 11/9/22 4.6 11/09/2022 1,000,000 1,039,959
West Corp., Term B-10 Loan, 6/30/18 3.25 06/30/2018 366,334 363,014
DynCorp International, Inc., 10.375%, 7/1/17 10.375 07/01/2017 150,000 133,973
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 8.625 06/15/2019 650,000 695,507
Zebra Technologies Corp., 7.25%, 10/15/22 (144A) 7.25 10/15/2022 1,105,000 1,190,760
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 8.0 05/02/2018 350,000 161,350
LifePoint Hospitals, Inc., 5.5%, 12/1/21 5.5 12/01/2021 700,000 745,286
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22 4.7 10/15/2022 500,000 520,387
Bank of America Corp., 6.11%, 1/29/37 6.11 01/29/2037 625,000 753,515
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 11.7604 11/10/2016 500,000 542,747
Gestamp Funding Luxembourg SA, 5.625%, 5/31/20 (144A) 5.625 05/31/2020 1,215,000 1,248,982
NANA Development Corp., 9.5%, 3/15/19 (144A) 9.5 03/15/2019 1,025,000 993,766
Kane Flt% 30jul16   07/30/2016 805,000 869,239
Alkermes, Inc., 2019 Term Loan, 9/25/19 3.5 09/25/2019 689,703 684,961
Wastequip LLC, Term Loan, 8/9/19 5.5 08/09/2019 493,750 495,602
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21   10/01/2021 1,091,565 1,097,023
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 4.25 07/30/2020 644,120 629,359
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 3.5037 12/20/2018 246,859 246,448
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 5.918 09/25/2036 189,000 170,641
Linn Energy LLC, 6.25%, 11/1/19 6.25 11/01/2019 900,000 809,313
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 5.625 12/15/2016 200,000 205,625
USI, Inc. New York, Initial Term Loan 2013, 12/30/19 4.25 12/30/2019 196,515 194,550
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 5.625 03/15/2020 100,000 105,406
PQ Corp., 2014 Term Loan, 8/7/17 4.0 08/07/2017 687,750 684,066
Brown Shoe Co, Inc., 7.125%, 5/15/19 7.125 05/15/2019 750,000 785,828
SAFENET, INC., Term Loan (First Lien), 2/28/20 5.5 02/28/2020 932,315 931,150
Mirabela Nickel, Ltd.     922,916 27,487
Epiq Systems, Inc., Term Loan, 8/27/20 4.25 08/27/2020 594,000 591,030
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 990,000 906,895
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 12.0 12/15/2019 265,000 303,337
Alternative Loan Trust 2004-2CB, 5.75%, 3/25/34 5.75 03/25/2034 666 1,350
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 9.5 05/04/2020 100,000 107,160
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 60,000 65,737
DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A) 8.0 06/01/2021 1,765,000 1,759,019
Citicorp Residential Mortgage Trust Series 2006-2, 5.948%, 9/25/36 (Step) 5.948 09/25/2036 1,900,000 926,334
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 6.25 12/19/2020 409,500 411,803
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 3.5 03/18/2020 102,407 101,447
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 4.8575 08/17/2045 100,000 102,399
Fannie Mae, 4.0%, 12/11/14 4.0 12/11/2014 6,875,000 7,347,775
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9.0 01/28/2017 100,000 106,223
Michaels Stores Inc 1st Lien Tl-B2 L + 3% 28jan20 4.0 01/28/2020 498,750 497,815
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 330,000 364,989
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 5.875 09/15/2022 1,235,000 1,283,675
Verizon Communications, Inc., 4.15%, 3/15/24 4.15 03/15/2024 3,500,000 3,716,148
Sealy Corp., 8.0%, 7/15/16 (PIK) 8.0 07/15/2016 13,100 1,038,175
Berkeley-Kane Flt% 12jun15   06/12/2015 1,004,200 1,032,418
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 4.7 11/17/2025 350,000 350,549
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/27/29 (144A) 4.4005 08/27/2029 300,000 301,977
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 2.73 01/15/2017 250,000 254,352
Sanchez Energy Corp., 7.75%, 6/15/21 7.75 06/15/2021 380,000 387,716
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 750,000 764,999
Ocwen Financial Corp., 6.625%, 5/15/19 (144A) 6.625 05/15/2019 1,450,000 1,377,611
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 6.375 10/01/2020 650,000 698,926
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 5.727 01/25/2033 450,000 64,496
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 1,445,896 1,457,850
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 5.7707 03/17/2049 300,000 314,933
Lennar Corp., 4.5%, 6/15/19 4.5 06/15/2019 1,175,000 1,199,088
Linn Energy LLC, 6.5%, 5/15/19 6.5 05/15/2019 800,000 721,022
Athlon Holdings LP, 7.375%, 4/15/21 7.375 04/15/2021 305,000 351,052
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 2,500,000 2,523,861
Wells Fargo & Co., Floating Rate Note (Perpetual) 7.98 12/31/2049 400,000 448,561
Jan15 Vix C @ 16   01/21/2015 700 117,250
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 3.75 09/28/2018 92,220 91,932
Ziggo Bv 1st Lien Tl-B1 L + 2.75% 15jan22 3.25 01/15/2022 554,681 546,410
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 14,300 851,744
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 1,342,000 910,715
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 1.654 10/19/2033 3,319,800 114,055
Akorn, Inc., Loan, 11/13/20 4.5 11/13/2020 693,587 697,055
Cme: (Cdx.Na.Hy.22.V2) Usd 20jun19 Z91jjmp14 500.0 06/20/2019 -46,309,931 -4,037,746
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 5.0 04/18/2019 715,938 694,907
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 8.25 05/26/2021 590,000 514,775
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 8.75 05/15/2018 750,000 970,912
Theravance, Inc., 2.125%, 1/15/23 2.125 01/15/2023 500,000 408,017
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 5.5 10/28/2021 1,041,842 1,048,353
Comstock Resources, Inc., 7.75%, 4/1/19 7.75 04/01/2019 1,200,000 1,124,983
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 5.875 03/30/2033 165,000 174,719
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 4.0 12/13/2019 708,224 693,912
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 1.4543 12/10/2035 6,760,000 1,201,350
Crown Americas Llc 1st Lien Tl-B L + 3.25% 20oct21   10/20/2021 650,000 653,770
Copano Energy LLC, 7.125%, 4/1/21 7.125 04/01/2021 373,000 412,065
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 3.75 07/02/2021 203,764 201,122
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 29,032 36,103
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 1,705,000 1,696,949
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 4.5 05/09/2017 243,694 239,429
Springs Industries, Inc., 6.25%, 6/1/21 6.25 06/01/2021 400,000 403,361
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 6.2601 01/08/2015 250,000 253,011
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 5.875 02/15/2022 0 14,426
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 6.5 05/15/2021 425,000 440,949
RTI International Metals, Inc., 1.625%, 10/15/19 1.625 10/15/2019 385,000 366,274
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 4.25 09/30/2020 248,750 245,952
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 4.4 04/15/2019 150,000 151,653
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 5.239 12/12/2049 2,000,000 2,027,400
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 5.0 08/16/2020 444,211 444,767
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 4,304,445 4,452,385
Guggenheim Partners Investment Management Holdings LLC, Initial Term Loan, 7/22/20 4.25 07/22/2020 445,500 445,389
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 30,000 31,640
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 5.25 12/31/2049 1,500,000 1,580,625
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 300,000 329,508
Covanta Holding Corp., 5.875%, 3/1/24 5.875 03/01/2024 1,130,000 1,174,478
Gwinnett County School District, 5.0%, 2/1/36 5.0 02/01/2036 1,000,000 1,175,319
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5101 04/30/2018 350,000 356,956
Genpact International, Inc., Term Loan, 8/30/19 3.5 08/30/2019 320,818 321,570
LBC Tank Terminals Holding Netherlands BV, 6.875%, 5/15/23 (144A) 6.875 05/15/2023 220,000 231,588
Garda World Security Corp., Term B Loan, 11/1/20 4.0 11/01/2020 204,873 202,483
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 1,035,000 1,011,684
Hologic, Inc., Refinancing Tranche B Term Loan, 8/1/19 3.25 08/01/2019 336,619 336,048
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 8.0 07/02/2021 860,000 406,493
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 6.25 10/15/2022 1,080,000 1,104,075
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 3.25 01/31/2021 653,797 652,326
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 10.7542 04/10/2015 650,000 678,169
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 5.125 07/15/2024 1,360,000 1,426,989
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 16.28 11/10/2015 500,000 526,213
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 8.625 12/31/2049 450,000 455,822
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 435,000 342,128
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 4.5 04/23/2021 1,276,800 1,266,311
Phosagro OAO via Phosagro Bond Funding, Ltd., 4.204%, 2/13/18 (144A) 4.204 02/13/2018 200,000 186,476
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 694,237 688,271
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 5.78 03/16/2043 300,000 303,375
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 7.25 04/01/2019 250,000 264,483
Tank Holding Corp., Initial Term Loan, 7/9/19 4.25 07/09/2019 660,961 654,352
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, Floating Rate Note, 8/28/44 (144A) 3.721 08/28/2044 460,000 423,517
American Energy-Permian Basin LLC, 7.125%, 11/1/20 (144A) 7.125 11/01/2020 750,000 625,164
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.755 06/15/2029 1,530,000 1,521,157
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 7.5 09/15/2020 650,000 669,771
Steward Health Care System LLC, Term Loan, 4/10/20 6.75 04/10/2020 493,750 490,973
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 4.25 12/20/2019 490,798 485,277
New Residential Advance Receivables Trust Advance Receivables Backed 2014-VF1, 3.6491%, 3/15/45 3.6491 03/15/2045 1,000,000 1,000,876
Verizon Communications, Inc., 6.55%, 9/15/43 6.55 09/15/2043 576,000 751,744
Tribune Media Co., Initial Term Loan, 11/20/20 4.0 11/20/2020 500,000 498,750
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 600,000 548,317
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 12.7601 12/06/2016 500,000 564,021
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 0.0   1,000,000 691,276
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 700,000 744,265
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 6.5 06/03/2020 947,625 942,887
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 4.25 11/20/2028 1,750,000 1,198,153
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 500,000 404,131
Big Heart Pet Brands, Initial Term Loan, 2/24/20 3.5 02/24/2020 314,721 304,530
The Williams Companies, Inc., 7.75%, 6/15/31 7.75 06/15/2031 100,000 121,758
Samson Investment Co., 9.75%, 2/15/20 9.75 02/15/2020 390,000 236,210
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 557,477 556,693
Darling Ingredients, Inc., 5.375%, 1/15/22 5.375 01/15/2022 1,060,000 1,091,807
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 241,795 201,899
KB Home, 8.0%, 3/15/20 8.0 03/15/2020 200,000 226,039
Cascades, Inc., 5.5%, 7/15/22 (144A) 5.5 07/15/2022 1,910,000 1,937,589
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 3.5 05/14/2020 296,250 293,905
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 1,220,000 1,155,509
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 6.625 04/07/2021 500,000 584,522
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 593,000 603,369
B&G Foods, Inc., 4.625%, 6/1/21 4.625 06/01/2021 400,000 394,147
United Airlines, Inc., Class B Term Loan, 4/1/19 3.5 04/01/2019 246,250 243,711
MGM Resorts International, 6.0%, 3/15/23 6.0 03/15/2023 1,825,000 1,853,592
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 4.25 10/25/2020 361,357 359,651
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 25,000 20,210
Iron Mountain, Inc., 5.75%, 8/15/24 5.75 08/15/2024 0 23,505
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 6.95 10/17/2022 300,000 258,933
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 5.375 07/15/2022 1,150,000 1,185,366
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 4.25 05/15/2020 475,000 476,451
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 3.5 05/23/2019 612,563 603,680
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 38,709 48,137
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 6.5051 01/09/2017 600,000 621,005
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 8.25 03/15/2018 620,000 632,064
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19   08/07/2019 350,000 350,438
Fannie Mae, 4.5%, 9/1/39 4.5 09/01/2039 2,945,000 1,284,368
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 5.623 05/12/2045 1,400,000 1,439,980
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 5.155 03/15/2018 1,300,000 1,304,816
Bosphorus Re, Ltd., Floating Rate Note, 5/3/16 (Cat Bond) (144A) 2.515 05/03/2016 250,000 251,125
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 5.5 09/15/2020 358,317 363,055
Hearthside Group Holdings Llc 1st Lien Tl L + 3.5% 24apr21 4.5 04/24/2021 249,375 250,310
Fannie Mae, 4.5%, 6/1/44 4.5 06/01/2044 8,396,974 8,625,552
Aircastle, Ltd., 6.25%, 12/1/19 6.25 12/01/2019