Pioneer Investments: Pioneer Dynamic Credit Fund


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Pioneer Dynamic Credit Fund

Monthly Portfolio Holdings as of 6/30/2015

Security Name Coupon Maturity Date Par / Shares Market Value($)
MediArena Acquisition BV, Dollar Term B Loan (First Lien), 8/6/21 6.75 08/06/2021 997,487 988,759
The Williams Companies, Inc., 5.75%, 6/24/44 5.75 06/24/2044 2,000,000 1,858,182
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 5.0 10/15/2021 1,906,130 1,929,942
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 4.25 04/30/2028 300,000 296,910
TMS International Corp., Term B Loan, 10/2/20 4.5 10/02/2020 575,000 572,844
Taylor Morrison Communities, Inc., 5.875%, 4/15/23 5.875 04/15/2023 1,000,000 999,740
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 5.25 04/08/2020 204,579 204,579
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 430,000 392,017
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 294,350 297,912
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 3.0 07/15/2021 1,500,000 917,259
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 5.5 06/11/2021 1,707,750 1,712,019
ZIGGO BV, (USD) TLB3, 1/15/22 3.5 01/15/2022 587,872 582,031
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 5.273 12/11/2038 2,642,507 2,686,164
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 4.25 06/03/2019 847,816 846,226
Tank Holding Corp., Initial Term Loan, 7/9/19 5.2528 07/09/2019 640,845 643,383
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 6.1702 02/10/2051 1,250,000 1,289,580
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 4.625 05/15/2023 830,000 784,068
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 3.584 08/15/2031 1,400,000 1,397,195
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 1,671,000 347,551
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 490,000 526,649
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 4.939 07/10/2039 890,000 877,324
VeriSign, Inc., 4.625%, 5/1/23 4.625 05/01/2023 305,000 295,532
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (144A) 4.5101 06/28/2016 250,000 249,631
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 3.79 01/10/2031 1,000,000 966,439
QVC, Inc., 4.45%, 2/15/25 4.45 02/15/2025 1,500,000 1,472,633
CHS, 8.0%, 11/15/19 8.0 11/15/2019 1,075,000 1,143,770
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 5.5 02/20/2021 222,750 214,954
Coveris Holdings Sa Us 1st Lien Tl-B1 L + 3.5% 08may19 4.5 05/08/2019 300,000 301,062
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 3.25 08/17/2020 234,306 231,157
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 2.935 11/05/2030 1,900,000 1,876,351
Foresight Energy LLC, Term Loan, 8/21/20 5.5 08/21/2020 249,073 247,205
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 6.0 03/31/2021 707,622 578,835
Caleres, Inc., 7.125%, 5/15/19 7.125 05/15/2019 750,000 786,078
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 3.5007 12/20/2018 245,603 246,179
Golar LNG Partners LP, Floating Rate Note, 10/12/17 6.62 10/12/2017 2,000,000 268,376
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 180,000 185,719
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 3.688 06/11/2027 1,400,000 1,404,189
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 4.75 04/24/2021 39,110 39,273
Prudential Financial, Inc., Floating Rate Note, 9/15/42 5.875 09/15/2042 1,500,000 1,611,148
Sprint Corp., 7.25%, 9/15/21 7.25 09/15/2021 1,000,000 996,347
Kloeckner Pentaplast Of America 1st Lien Tl L + 4% 22apr20 5.0 04/22/2020 41,673 41,855
TIG FINCO Plc, Floating Rate Note, 3/2/20 (144A)   03/02/2020 35,665 60,056
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 8.25 12/15/2017 200,000 203,233
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125 12/31/2049 63,000 1,724,310
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 6.45 05/01/2036 300,000 341,748
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 3.75 07/11/2021 287,825 222,105
Mj Acquistion (Concentra) 1st Lien Tl-B L + 3% 08may22 4.0 05/08/2022 475,000 474,994
Vantiv LLC, Term B Loan, 6/12/21 3.75 06/12/2021 326,150 327,679
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 3.25 10/18/2018 170,625 170,398
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 4.5 01/24/2021 113,563 113,563
Gibraltar Industries, Inc., 6.25%, 2/1/21 6.25 02/01/2021 1,000,000 1,048,542
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 7.25 04/01/2019 250,000 258,281
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 5.4496 06/25/2033 1,749,811 312,048
Immucor, Inc., 11.125%, 8/15/19 11.125 08/15/2019 100,000 110,203
Capella Healthcare, Inc., 9.25%, 7/1/17 9.25 07/01/2017 200,000 214,000
DynCorp International, Inc., Term Loan, 7/7/16 6.25 07/07/2016 815,805 807,988
Liberty Tire Recycling Llc     3,071 31
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 5.75 10/07/2020 1,243,750 1,249,969
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7703 04/30/2018 650,000 633,625
Tasc Inc 1st Lien Tl-B L + 6% 23may20 7.0 05/23/2020 822,932 832,876
Monitronics International, Inc., Term B Loan (2013), 3/23/18 4.25 03/23/2018 249,779 250,351
West Corp., Term B-10 Loan, 6/30/18 3.25 06/30/2018 366,334 365,800
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 4.5 12/20/2019 195,122 176,830
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 6.0 08/09/2017 250,000 277,778
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,205 165,089
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 3.2855 02/15/2029 2,000,000 2,001,978
Appvion, Inc., Term Commitment, 6/28/19 5.7511 06/28/2019 982,500 920,070
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 3.75 04/16/2021 258,305 259,039
CHS, Incremental 2019 Term G Loan, 12/31/19 3.0318 12/31/2019 121,040 121,192
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 5.0 09/09/2017 739,886 730,946
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 9.25 06/01/2020 1,000,000 933,542
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 8.375 04/04/2021 100,000 109,504
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 2.0728 10/25/2033 23,000,000 142,943
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 8.375 09/30/2020 1,388,112 1,065,376
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 5.568 04/15/2047 1,200,000 1,216,518
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 5.574 11/12/2049 1,800,000 1,832,114
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 4.25 07/03/2019 740,111 740,343
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 4.56 04/15/2020 450,000 462,820
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 5.632 10/15/2048 1,500,000 1,534,688
WireCo WorldGroup, Inc., Term Loan, 2/15/17 6.0 02/15/2017 45,976 46,062
Banco Santander SA, Floating Rate Note (Perpetual) 6.375 12/31/2049 800,000 786,152
Cme: (Cdx.Na.Hy.23.V4) Usd 20dec19 Z91mw60e6 5.0 12/20/2019 -100,676,300 -9,298,049
Trans Union Llc 1st Lien Tl-B2 L + 3% 09apr21 3.75 04/09/2021 350,000 347,594
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 5.658 03/15/2045 304,000 308,276
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 6.0 09/29/2020 1,219,054 1,216,007
T-Mobile USA, Inc., 6.0%, 3/1/23 6.0 03/01/2023 400,000 417,500
Bank of America Corp., 6.11%, 1/29/37 6.11 01/29/2037 400,000 458,646
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5203 04/30/2018 350,000 339,421
Bankrate, Inc., 6.125%, 8/15/18 (144A) 6.125 08/15/2018 1,150,000 1,142,110
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 4.352 01/25/2043 250,000 218,580
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 3.9 01/15/2026 105,000 103,437
Boardwalk Pipelines LP, 4.95%, 12/15/24 4.95 12/15/2024 2,000,000 1,965,726
Ziggo Bv Us 1st Lien Tl-B1 L + 2.75% 15jan22 3.5 01/15/2022 554,681 549,169
Frontier Communications Corp., 7.625%, 4/15/24 7.625 04/15/2024 250,000 224,649
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 5.38 07/15/2020 700,000 724,138
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 5.5 03/25/2034 212,565 55,754
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 4.5051 12/06/2016 800,000 810,140
Navios Maritime Partners LP, Term Loan, 6/27/18 5.25 06/27/2018 874,860 874,313
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 3.5 03/28/2019 601,505 600,753
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 4.5 06/19/2021 942,875 941,696
Altisource Solutions Sarl, Term B Loan, 12/9/20 4.5 12/09/2020 1,132,347 1,010,620
Iron Mountain, Inc., 5.75%, 8/15/24 5.75 08/15/2024 500,000 511,174
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 4.2601 04/18/2017 250,000 245,089
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 3.686 12/15/2028 1,100,000 1,101,276
Griffon Corp., 5.25%, 3/1/22 5.25 03/01/2022 1,375,000 1,392,188
Belden, Inc., 5.5%, 9/1/22 (144A) 5.5 09/01/2022 1,360,000 1,374,733
Pangaea Zero% 01jul18 0.0 07/01/2018 2,000,000 36,000
Kane Zero% 19feb16 0.0 02/19/2016 1,500,000 1,594,950
American Airlines 1st Lien Tl-B L + 2.75% 27jun20 3.5 06/27/2020 343,875 341,296
Arlington Flt% 01aug15 0.0 08/01/2015 600,000 683,580
CenturyLink, Inc., 7.65%, 3/15/42 7.65 03/15/2042 1,300,000 1,205,783
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 5.0 09/15/2021 500,000 502,312
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 3.75 06/30/2019 289,851 288,161
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 330,000 306,785
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 3.6225 07/28/2019 500,000 201,368
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 4.0 05/26/2053 250,000 161,861
Univar, Inc., Term B Loan, 6/30/17 5.0089 06/30/2017 264,442 264,421
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 1,050,525 1,059,875
Apex Tool Group LLC, Term Loan, 1/31/20 4.5 01/31/2020 635,742 625,412
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21 4.75 10/10/2021 572,125 570,695
Akorn, Inc., Loan, 11/13/20 4.5 11/13/2020 688,385 691,397
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 1,129,903 1,183,573
T-Mobile USA, Inc., 6.625%, 4/1/23 6.625 04/01/2023 1,500,000 1,582,969
Prestige Brands, Inc., Term B-3 Loan, 9/3/21 3.5 09/03/2021 916,006 916,006
Genpact International, Inc., Term Loan, 8/30/19 3.5 08/30/2019 319,193 320,656
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 615,000 632,509
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 5.375 07/15/2022 1,150,000 1,109,502
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 1,000,000 1,062,778
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 5.7759 01/25/2033 450,000 51,534
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 4.25 01/15/2021 213,620 213,772
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 4.25 04/10/2021 488,819 490,190
Kindred Healthcare, Inc., 6.375%, 4/15/22 6.375 04/15/2022 400,000 404,883
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 7.0 05/15/2018 865,000 892,018
PPL Capital Funding, Inc., 5.9%, 4/30/73 5.9 04/30/2073 25,000 619,250
Nord Anglia Education Finance Llc 1st Lien Tl-B L + 3.5% 21mar21 4.5 03/21/2021 997,481 999,975
Wastequip LLC, Term Loan, 8/9/19 5.5 08/09/2019 481,567 480,965
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 500,000 508,760
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 4.0855 07/15/2031 705,000 699,416
CENGAGE LEARNING ACQUISITIONS INC, Term Loan, 3/6/20 7.0 03/06/2020 247,622 248,551
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 4.75 04/30/2020 491,744 478,835
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 2,050,000 1,963,980
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 2.5203 01/07/2019 250,000 254,430
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 7.875 04/15/2019 400,000 416,650
Protection One, Inc., Term Loan (2012), 3/21/19 4.25 03/21/2019 493,643 494,976
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9.0 01/28/2017 100,000 71,300
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 0.0   1,000,000 691,055
Emdeon, Inc., Term B-2 Loan, 11/2/18 3.75 11/02/2018 771,963 773,024
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 1.4854 12/10/2035 6,760,000 1,069,474
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 3.6142 06/25/2046 1,000,000 969,045
Axis Equipment Finance Receivables III LLC, 5.27%, 5/20/20 (144A) 5.27 05/20/2020 500,000 498,468
Landry's, Inc., B Term Loan, 4/24/18 4.0 04/24/2018 416,747 418,674
Frontier Communications Corp., 9.0%, 8/15/31 9.0 08/15/2031 200,000 188,800
Kane Flt% 31jul15   07/31/2015 1,100,000 1,100,000
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 5.125 08/01/2022 1,000,000 998,854
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 7.75 10/15/2021 950,000 951,293
Summit Midstream Holdings LLC, 7.5%, 7/1/21 7.5 07/01/2021 1,030,000 1,117,550
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 200,000 197,722
Steel Dynamics, Inc., 5.125%, 10/1/21 5.125 10/01/2021 930,000 943,776
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 1,433 10,324
JPMorgan Chase & Co., 1.0%, 9/20/17 5.0 12/20/2017 250,000 25,970
Nn Inc 1st Lien Tl-B L + 5% 18jul21 6.0 07/18/2021 1,345,000 1,351,709
The Ryland Group, Inc., 5.375%, 10/1/22 5.375 10/01/2022 95,000 97,227
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 4.25 09/30/2020 246,875 246,463
Cme: (Cdx.Na.Hy.24.V2) Usd 20jun20 Z91r5q076 5.0 06/20/2020 -10,211,850 -656,183
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 3.6856 01/15/2027 1,500,000 1,488,914
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 3.1253 07/15/2023 750,000 693,638
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 7.25 05/01/2019 400,000 408,833
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 593,000 572,121
Kane-Pi4 Flt% 07jul16 0.0 07/07/2016 1,503,871 1,506,277
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 4.5 10/13/2028 1,400,000 1,403,458
AT&T, Inc., 3.9%, 3/11/24 3.9 03/11/2024 2,000,000 2,040,793
World Kitchen LLC, U.S. Term Loan, 3/4/19 5.5 03/04/2019 185,078 185,541
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 6.7525 05/23/2019 171,938 171,723
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 6.0095 02/15/2051 1,725,000 1,769,360
Energy XXI, Ltd., 3.0%, 12/15/18 3.0 12/15/2018 20,000 4,727
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 6.0 06/15/2017 300,000 300,800
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.0 03/16/2016 250,000 253,088
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 6.25 08/15/2042 750,000 893,177
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 4.7 11/17/2025 350,000 351,127
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 4.0 04/23/2020 869,469 869,831
Advanced Micro Devices, Inc., 7.5%, 8/15/22 7.5 08/15/2022 320,000 291,467
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 0.0 12/01/2019 500,000 527,150
Denbury Resources, Inc., 4.625%, 7/15/23 4.625 07/15/2023 910,000 783,807
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 500,000 504,236
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 3.4355 09/18/2031 1,200,000 1,169,513
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 4.5 06/06/2019 987,374 986,449
US Bancorp, Floating Rate Note (Perpetual) 6.0 12/31/2049 6,690 178,155
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 11/29/2019 78,745 79,287
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 50,278 31,078
ONEOK, Inc., 6.875%, 9/30/28 6.875 09/30/2028 1,450,000 1,590,667
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 150,000 139,294
HCA, Inc., 5.375%, 2/1/25 5.375 02/01/2025 1,000,000 1,040,935
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 3.1866 04/01/2021 98,750 98,879
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 5.187 08/27/2029 1,500,000 1,516,297
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 800,000 736,428
NPC International, Inc., Term Loan, 12/28/18 4.0 12/28/2018 559,023 556,577
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 4.0 04/23/2019 484,761 459,311
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 1,205,000 1,221,234
United Airlines, Inc., Class B Term Loan, 4/1/19 3.5 04/01/2019 245,000 245,051
Axiall Corp., 4.875%, 5/15/23 4.875 05/15/2023 1,405,000 1,364,577
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 5.0 08/16/2020 438,505 437,683
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 5.7056 06/11/2040 2,000,000 2,071,303
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 3.875 01/31/2028 200,000 193,251
Fly Leasing, Ltd., 6.375%, 10/15/21 6.375 10/15/2021 1,375,000 1,410,693
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 4.8264 07/18/2019 28,547 27,976
InterGen NV, 7.0%, 6/30/23 (144A) 7.0 06/30/2023 850,000 786,415
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 4.0 07/09/2018 1,250,000 1,254,757
Swift Transportation Co LLC, Tranche B Loan, 6/9/21 3.75 06/09/2021 167,857 168,522
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 0.125 07/15/2024 16,600,000 16,143,381
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 3.45 01/15/2023 1,500,000 1,443,409
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 8.625 06/15/2019 707,758 764,503
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 7.5 04/10/2020 271,023 272,604
Halcon Resources Corp.     147,306 170,875
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 6.25 12/19/2020 393,750 394,242
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 6.8551 04/07/2020 1,000,000 1,020,506
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 5.85 05/21/2043 1,550,000 1,238,450
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 770,000 743,210
Tenet Healthcare Corp., 4.5%, 4/1/21 4.5 04/01/2021 265,000 265,331
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 4.935 05/09/2019 300,000 276,854
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 11.0 03/31/2021 79,000 78,408
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 38,709 16,824
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 5.1414 07/10/2045 350,000 351,612
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 8.75 12/15/2019 750,000 741,667
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 6.75 12/31/2049 625,000 709,648
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 2.22 01/08/2019 250,000 249,333
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 3.5375 05/05/2017 1,000,000 983,047
DIRECTV Holdings LLC, 5.15%, 3/15/42 5.15 03/15/2042 1,000,000 955,966
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 700,000 744,401
Tata Chemicals North America, Inc., Term Loan, 8/7/20 3.75 08/07/2020 237,875 237,797
Seagate HDD Cayman, 4.75%, 6/1/23 4.75 06/01/2023 885,000 902,369
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 7.25 06/01/2020 525,000 470,579
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 0.6855 05/15/2031 5,908,000 395,500
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 6.0487 12/10/2049 1,600,000 1,672,648
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 2.85 05/15/2024 1,000,000 202,315
Firstar Realty LLC, 8.875% (Perpetual) (144A) 8.875 12/31/2049 400 494,000
Protection One (Aka Apollo Securit 1st Lien Tl-B L + 4% 19jun21 5.0 06/19/2021 312,263 313,434
Copano Energy LLC, 7.125%, 4/1/21 7.125 04/01/2021 373,000 401,599
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 8.375 05/15/2020 805,000 865,940
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 4.125 05/30/2023 200,000 194,193
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5533 04/10/2038 1,000,000 1,006,143
Virgin Media Secured Finance Plc, 5.25%, 1/15/26 (144A) 5.25 01/15/2026 1,000,000 979,521
Cardtronics, Inc., 1.0%, 12/1/20 1.0 12/01/2020 1,000,000 982,083
Radio Systems Corp., 8.375%, 11/1/19 (144A) 8.375 11/01/2019 600,000 644,375
Cummins, Inc., 5.65%, 3/1/98 5.65   350,000 374,527
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 4.94 07/20/2018 1,100,000 1,129,485
Talen Energy Supply LLC, 5.125%, 7/15/19 (144A) 5.125 07/15/2019 1,880,000 1,886,828
Wells Fargo & Co., 7.5% (Perpetual) 7.5 12/31/2049 1,050 1,233,750
Top Co     34,794 8,758
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 330,000 358,811
Restaurant Brands 1st Lien Tl-B L + 2.75% 12dec21 3.75 12/12/2021 277,027 277,200
PQ Corp., 2014 Term Loan, 8/7/17 4.0 08/07/2017 682,500 682,671
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 5.186 03/15/2018 1,300,000 1,303,386
Windstream Services LLC, 7.5%, 6/1/22 7.5 06/01/2022 1,305,000 1,154,925
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 400,000 387,537
Caraustar Industries, Inc., Term Loan, 5/1/19 8.0 05/01/2019 200,338 201,339
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 27,750 720,945
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 1,190,000 1,261,896
Catamaran Corp., 4.75%, 3/15/21 4.75 03/15/2021 1,125,000 1,261,672
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 688,897 686,099
ExGen Renewables I LLC, Term Loan, 2/5/21 5.25 02/05/2021 1,026,327 1,036,590
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 1,000,000 903,111
MedAssets, Inc., 8.0%, 11/15/18 8.0 11/15/2018 175,000 183,008
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 2.7697 11/15/2029 500,000 474,672
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 5.3 12/26/2059 200,000 206,355
Hexion, Inc., 8.875%, 2/1/18 8.875 02/01/2018 700,000 657,635
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 3.5 05/23/2019 606,375 605,834
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 400,000 421,679
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 6.75 09/25/2034 300,000 55,894
Rosetta Resources, Inc., 5.625%, 5/1/21 5.625 05/01/2021 515,000 552,016
Atlantic Power LP, Term Loan, 2/20/21 4.75 02/20/2021 1,347,096 1,352,148
Legacy Reserves LP, 6.625%, 12/1/21 6.625 12/01/2021 650,000 530,089
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 7.5043 03/01/2022 200,000 200,503
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 4.8573 08/17/2045 100,000 99,333
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 1,050,000 1,260,400
Leaf Receivables Funding 10 LLC, 5.21%, 7/15/21 (144A) 5.21 07/15/2021 750,000 742,620
Wells Fargo & Co., Floating Rate Note (Perpetual) 5.875 12/31/2049 1,150,000 1,180,373
Sanders Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 3.9102 06/07/2017 500,000 496,071
FCA US LLC, Tranche B Term Loan, 12/29/18 3.25 12/29/2018 1,999,688 1,997,938
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 6.875 02/15/2019 1,350,000 1,290,563
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 1,815,000 1,900,935
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 8.625 12/31/2049 450,000 373,727
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 6.55 04/25/2037 250,000 203,271
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 25,000 18,958
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 5.125 07/15/2024 1,360,000 1,369,189
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 4.0 12/13/2019 687,677 666,760
Charter Communications Operating LLC, Term F Loan, 12/31/20 3.0 12/31/2020 490,000 484,641
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 5.7758 03/17/2049 300,000 309,809
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 533,600 537,869
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 665,000 713,143
Time Warner, Inc., 4.85%, 7/15/45 4.85 07/15/2045 1,500,000 1,460,636
Bank of America Corp., Floating Rate Note, 10/23/49 6.5 10/23/2049 800,000 837,822
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 7.75 05/15/2018 132,691 132,857
RCMC LLC, 5.62346%, 12/17/18 (144A) 5.6235 12/17/2018 250,000 104,476
MedAssets, Inc., Term B Loan, 12/13/19 4.0 12/13/2019 321,614 321,811
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 2.75 01/23/2021 477,744 477,872
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 3.721 10/28/2019 1,750,000 1,380,576
Morgan Stanley, Floating Rate Note (Perpetual) 7.125 12/31/2049 18,000 503,100
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 3.7501 01/30/2020 785,210 785,946
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.786 06/15/2029 1,530,000 1,526,710
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 4.0 02/01/2019 1,455,000 1,408,319
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/03/2019 94,584 94,726
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 (144A) 6.41 10/22/2018 250,000 255,586
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.687 02/25/2035 3,432,000 516,364
Terex Corp., U.S. Term Loan, 8/13/21 3.5 08/13/2021 110,224 110,403
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 4.5 06/07/2020 1,428,443 1,433,651
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 7.875 10/15/2019 500,000 558,398
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 5.625 03/30/2043 1,665,000 1,753,474
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 3.75 12/12/2019 165,030 165,236
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 9.875 02/01/2020 300,000 325,094
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 585,000 608,384
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 5.875 02/15/2019 600,000 616,317
Post Holdings, Inc., 2.5% (Perpetual) (144A) 2.5 12/31/2049 800 84,250
Syncreon Group BV, Term Loan, 9/26/20 5.25 09/26/2020 692,965 590,175
Springs Industries, Inc., 6.25%, 6/1/21 6.25 06/01/2021 400,000 393,083
Navistar, Inc., Tranche B Term Loan, 8/17/17 5.75 08/17/2017 120,000 120,375
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 3.75 06/10/2021 498,306 498,981
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 5.214 02/11/2041 100,000 100,408
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 300,000 301,416
McKesson Corp., 4.883%, 3/15/44 4.883 03/15/2044 1,500,000 1,512,201
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 900,000 958,214
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 5.25 04/21/2019 344,030 344,245
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 550,000 574,949
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 2.7576 01/15/2017 250,000 254,700
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 6.0 08/17/2019 0 0
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 0.0   100,000 87,931
Ensco Plc, 5.75%, 10/1/44 5.75 10/01/2044 1,950,000 1,765,805
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 5.377 12/10/2046 2,000,000 2,021,552
CHS, 6.875%, 2/1/22 6.875 02/01/2022 0 28,503
Xerium Technologies, Inc., 8.875%, 6/15/18 8.875 06/15/2018 798,000 829,078
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 4.45 05/15/2048 400,000 184,446
Kloeckner Pentaplast Of America 1st Lien Tl L + 4% 22apr20 5.0 04/22/2020 17,809 17,887
Albertsons LLC, Term B-2 Loan, 3/21/19 5.375 03/21/2019 892,018 896,757
New World Resources NV, 4.0%, 10/7/20 (PIK) 4.0 10/07/2020 67,741 20,946
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 5.25 10/07/2021 1,183,824 1,187,628
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 335,000 224,061
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 6.7003 01/09/2017 600,000 550,681
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 5.135 10/15/2039 100,000 102,557
Altrl Zero% 30jun17 0.0 06/30/2017 1,000,000 1,030,000
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 4.3544 03/17/2048 200,000 189,332
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 1,445,896 1,120,207
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 9.125 06/01/2018 400,000 411,042
Chiquita Brands International, Inc., 7.875%, 2/1/21 7.875 02/01/2021 428,000 475,214
DPx Holdings BV, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 705,000 756,994
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/31/2020 487,281 484,033
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 14,300 817,781
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 8.133 09/24/2073 1,190,000 1,393,581
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 7.373 12/15/2015 250,000 50,954
NCR Corp., 6.375%, 12/15/23 6.375 12/15/2023 1,160,000 1,232,887
Morgan Stanley, 4.875%, 11/1/22 4.875 11/01/2022 250,000 267,958
Agrokor dd, 8.875%, 2/1/20 (144A) 8.875 02/01/2020 75,000 84,073
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 3.0 04/29/2020 172,960 172,433
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.7532 08/16/2019 0 0
CCO Holdings LLC, 6.625%, 1/31/22 6.625 01/31/2022 600,000 642,173
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 1,070,000 1,084,713
Morgan Stanley, Floating Rate Note (Perpetual) 6.375 12/31/2049 66,200 1,685,452
Verizon Communications, Inc., 4.15%, 3/15/24 4.15 03/15/2024 2,500,000 2,596,579
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 5.3863 02/13/2046 500,000 520,699
EP Energy LLC, 6.375%, 6/15/23 (144A) 6.375 06/15/2023 865,000 872,217
The Ryland Group, Inc., 0.25%, 6/1/19 0.25 06/01/2019 1,000,000 965,208
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 1,500,000 1,510,933
Virgin Media 1st Lien Tl-F L + 2.75% 30jun23 3.5 06/30/2023 531,924 527,436
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21 4.7531 10/20/2021 329,489 331,274
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 5.239 12/12/2049 2,000,000 2,031,996
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 5.75 02/01/2023 980,000 903,029
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2043 400,000 424,487
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 4.7725 12/23/2036 1,800,000 790,331
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 5.485 07/12/2046 1,400,000 1,426,922
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 6.41 11/17/2025 139,000 139,477
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 5.2664 06/17/2044 50,000 53,166
NRG Energy, Inc., 6.25%, 5/1/24 6.25 05/01/2024 500,000 501,458
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 500,000 410,198
Univar Inc 1st Lien Tl-B L + 3.25% 25jun22 4.25 06/25/2022 260,000 259,756
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 12/12/2017 24,833 20,239
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 1.187 01/25/2035 7,450,000 1,030,208
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 3.0 01/31/2021 648,856 646,180
JMC Steel Group, Inc., Term Loan, 4/1/17 4.75 04/01/2017 389,976 387,539
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 400,000 370,577
Bank of America Corp., Floating Rate Note, 9/29/49 6.25 09/29/2049 925,000 939,586
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 4.0 04/23/2019 239,957 227,359
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 6.0 09/17/2021 1,616,875 1,617,701
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 5.78 03/16/2043 300,000 302,232
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 6.75 08/29/2049 2,360,000 2,587,870
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 250,000 34,766
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 2.8623 01/25/2035 1,100,000 85,678
Pacific Drilling SA, Term Loan, 6/3/18 4.5 06/03/2018 205,403 167,061
PetSmart, Inc., Tranche B-1 Loan, 3/10/22 4.25 03/10/2022 500,000 500,085
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 555,000 516,389
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 6.5 02/24/2021 525,000 610,953
Enel Finance International NV, 5.125%, 10/7/19 (144A) 5.125 10/07/2019 150,000 166,238
CCO Holdings LLC, 5.75%, 9/1/23 5.75 09/01/2023 475,000 484,995
Sotheby's, 5.25%, 10/1/22 (144A) 5.25 10/01/2022 1,135,000 1,127,197
Amgen, Inc., 5.375%, 5/15/43 5.375 05/15/2043 2,500,000 2,670,105
Talen Energy Supply LLC, 6.5%, 6/1/25 (144A) 6.5 06/01/2025 500,000 503,792
Kane Zero% 22jan16 0.0 01/22/2016 500,000 511,100
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 4.5 02/21/2021 913,438 909,631
Epiq Systems, Inc., Term Loan, 8/27/20 4.5 08/27/2020 588,447 587,976
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 800,000 146,205
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.5 05/04/2018 389,216 391,223
Advanced Micro Devices, Inc., 6.75%, 3/1/19 6.75 03/01/2019 220,000 204,600
Fannie Mae, 4.5%, 9/1/40 4.5 09/01/2040 2,868,485 888,234
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 4.375 10/01/2022 1,550,000 1,516,899
DaVita HealthCare Partners, Inc., Tranche B Term Loan, 6/19/21 3.5 06/19/2021 62,864 62,962
Weatherford International, Ltd. Bermuda, 5.95%, 4/15/42 5.95 04/15/2042 2,000,000 1,715,718
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 5.25 10/06/2019 950,000 978,401
Tribune Media Co., Initial Term Loan, 11/20/20 4.0 11/20/2020 341,915 342,271
Gannett Co, Inc., 6.375%, 10/15/23 6.375 10/15/2023 1,120,000 1,181,273
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 6.0 07/25/2034 500,000 94,087
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 5.5 09/15/2020 358,317 362,956
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 5.623 05/12/2045 1,400,000 1,419,759
Rural, Term Loan, 6/30/18 8.0 06/30/2018 86,695 81,168
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 29,032 5,177
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 4.25 10/01/2021 1,080,649 1,094,639
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.43 01/09/2019 1,000,000 1,023,661
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0051 06/06/2016 500,000 519,494
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 765,000 825,605
SRAM LLC, Term Loan (First Lien), 4/10/20 4.0307 04/10/2020 641,868 641,868
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 4.25 07/30/2020 380,524 372,343
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 4.25 05/15/2020 420,192 423,125
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 3.5 03/18/2020 99,791 100,040
17079z Zero% 31mar18 0.0 03/31/2018 250,000 254,175
Navitas Equipment Receivables LLC 2015-1, 5.75%, 5/17/21 (144A) 5.75 05/17/2021 710,500 712,576
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 2,500 6,250
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 3.7513 06/01/2018 20,527 20,533
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 4.4584 01/15/2048 400,000 404,089
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 3.75 06/30/2019 221,199 196,937
RASC Series 2003-KS5 Trust, 4.96%, 7/25/33 (Step) 4.96 07/25/2033 400,000 243,696
Kane Zero% 22jan16 0.0 01/22/2016 1,200,000 1,224,480
Ziggo Bv Us 1st Lien Tl-B2 L + 2.75% 15jan22 3.5 01/15/2022 357,447 353,895
On Assignment Inc 1st Lien Tl-B L + 3% 05jun22 3.75 06/05/2022 274,455 275,198
Verizon Communications, Inc., 6.55%, 9/15/43 6.55 09/15/2043 576,000 684,887
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 6.375 05/15/2043 1,000,000 846,896
Sealy Corp., 8.0%, 7/15/16 (PIK) 8.0 07/15/2016 13,100 1,112,452
Masco Corp., 4.45%, 4/1/25 4.45 04/01/2025 1,000,000 1,014,490
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 4.5 06/07/2020 232,502 231,921
KB Home, 8.0%, 3/15/20 8.0 03/15/2020 200,000 224,711
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 4.5 10/24/2019 442,085 443,879
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 930,000 916,948
Ally Financial, Inc., 4.625%, 5/19/22 4.625 05/19/2022 250,000 248,224
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 6.0 07/08/2019 500,000 508,792
DigitalGlobe, Inc., Term Loan, 1/31/20 3.75 01/31/2020 789,415 791,142
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 6.4105 10/15/2019 1,850,000 1,860,425
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 2.0051 04/07/2017 500,000 500,206
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 4.25 11/28/2018 260,046 259,965
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 3.4642 01/17/2019 250,000 256,440
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 825,000 825,046
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 5.5 10/18/2020 541,750 537,687
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 6.75 10/01/2037 225,000 267,710
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 1.6875 10/19/2033 3,319,800 110,016
MGM Resorts International, Term B Loan, 12/20/19 3.5 12/20/2019 263,250 261,879
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 325,000 317,727
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 4.0 03/28/2021 643,500 643,366
Entegris, Inc., 6.0%, 4/1/22 (144A) 6.0 04/01/2022 1,000,000 1,042,500
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 9.0 01/21/2025 1,000,000 199,979
GAHR Commercial Mortgage Trust 2015-NRF, Floating Rate Note, 12/15/34 (144A) 3.3822 12/15/2034 820,000 772,185
Legg Mason, Inc., 3.95%, 7/15/24 3.95 07/15/2024 1,250,000 1,286,856
Builders Firstsource Inc Bridge L + 7.5% 13apr16   04/13/2016 1,880,000 1,880,000
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 3.75 06/03/2020 214,441 211,895
MDC Holdings, Inc., 5.5%, 1/15/24 5.5 01/15/2024 890,000 896,996
ConvaTec, Inc., Dollar Term Loan, 12/22/16 4.25 12/22/2016 100,000 100,167
Zero% 30nov19 0.0 11/30/2019 2,000,000 2,009,800
Verizon Communications, Inc., 5.012%, 8/21/54 5.012 08/21/2054 576,000 538,955
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 4.75 06/24/2021 496,749 498,053
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 6.875 06/24/2019 1,105,000 1,053,990
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 725,000 698,719
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 4.4 04/15/2019 150,000 151,579
Allegion US Holding Co, Inc., 5.75%, 10/1/21 5.75 10/01/2021 930,000 973,594
NSG Holdings LLC, New Term Loan, 12/11/19 3.75 12/11/2019 210,560 210,033
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 705,000 784,900
Seadrill Operating LP, Initial Term Loan, 2/14/21 4.0 02/14/2021 837,250 636,011
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 5.625 12/15/2016 200,000 200,125
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 5.9482 05/15/2046 1,813,000 1,900,602
Amsurg Corp., 5.625%, 7/15/22 5.625 07/15/2022 545,000 563,905
Fannie Mae, 3.5%, 5/1/44 3.5 05/01/2044 6,475,000 5,646,410
Old HB, Inc., Term B Loan, 4/9/20 6.75 04/09/2020 469,200 480,930
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 10.0 08/15/2021 800,000 778,222
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 6.25 12/18/2019 1,871,500 1,882,808
Belden, Inc., 5.5%, 4/15/23 5.5 04/15/2023 300,000 349,510
AECOM, 5.75%, 10/15/22 (144A) 5.75 10/15/2022 635,000 650,646
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 5.25 04/25/2032 509,814 105,279
Kane Zero% 29apr16 0.0 04/29/2016 2,100,000 2,206,680
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 1,035,000 874,604
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 4.25 07/01/2021 126,457 126,299
Microsemi Corp., Term Loan (2014), 3/14/21 2.7818 03/14/2021 155,398 155,631
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 4.6806 10/20/2020 600,000 600,720
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 4.25 12/18/2019 911,805 911,045
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 3.5 05/14/2020 294,000 293,571
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 400,000 416,003
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 5.357 12/15/2044 1,600,000 1,615,819
NRG Energy, Inc., 7.625%, 1/15/18 7.625 01/15/2018 900,000 1,018,269
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 4.87 03/10/2027 600,000 244,651
Generac Power Systems, Inc., Term Loan B, 5/31/20 3.25 05/31/2020 572,400 568,584
Alliant Holdings I LLC, Initial Term Loan, 12/20/19 5.0 12/20/2019 487,287 488,201
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19 7.5 08/07/2019 347,375 318,137
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 5.5 07/02/2020 492,500 493,116
COMM 2015-CCRE23 Mortgage Trust, 3.807%, 5/12/48 3.807 05/12/2048 1,000,000 952,492
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 11.8764 11/10/2016 500,000 511,513
EP Energy LLC, Tranche B-3 Loan, 5/24/18 3.5 05/24/2018 176,667 175,563
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 6.95 10/17/2022 300,000 273,980
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 4.3682 05/23/2018 750,000 749,001
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 6.75 04/15/2021 345,000 331,804
SandRidge Energy, Inc.     14,179 12,435
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 6.625 04/07/2021 500,000 580,438
ORES 2014-LV3 LLC, 6.0%, 3/27/24 6.0 03/27/2024 1,000,000 1,000,667
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 5.5 12/20/2026 800,000 627,624
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 4.0 10/03/2021 434,647 438,722
Hilton Worldwide Finance LLC, Initial Term Loan, 9/23/20 3.5 09/23/2020 321,579 321,936
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 5.75 08/25/2036 1,200,000 178,562
Kane Ilw Zero% 02feb16 0.0 02/02/2016 1,050,000 1,004,325
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 500,000 546,439
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.7653 05/15/2046 220,000 194,432
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 7.25 05/01/2022 600,000 581,750
14112z Zero% 01feb19 0.0 02/01/2019 2,000,000 2,116,200
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 0.8855 06/15/2033 2,500,000 537,795
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 5.82 06/15/2019 750,000 755,393
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 7.78 03/25/2027 5,850,000 177,997
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 355,000 217,438
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 500,000 448,171
Oasis Petroleum, Inc., 6.875%, 3/15/22 6.875 03/15/2022 18,000 18,634
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 9.31 07/20/2028 750,000 166,578
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.959 05/15/2046 715,000 674,771
Southern California Edison Co., Floating Rate Note (Perpetual) 6.25 12/31/2049 75,000 84,753
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 400,000 15,600
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 5.5 10/28/2021 1,654,201 1,669,193
Steward Health Care System LLC, Term Loan, 4/10/20 6.75 04/10/2020 491,250 487,873
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 6.625 10/01/2022 1,075,000 1,116,992
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 11/15/2026 500,000 477,121
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 5.458 07/12/2044 113,538 126,157
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 5.2252 07/15/2044 2,500,000 2,518,916
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 5.5 05/20/2021 1,360,000 1,366,094
Lennar Corp., 4.5%, 6/15/19 4.5 06/15/2019 675,000 689,850
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 6.75 04/30/2018 959,222 924,450
Affiliated Managers Group, Inc., 4.25%, 2/15/24 4.25 02/15/2024 915,000 957,516
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 4.5026 05/09/2017 242,434 241,374
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 6.5 07/20/2020 1,086,388 1,091,128
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 6.9 01/02/2017 250,000 8,477
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0 12/31/2049 800 812,375
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 6.625 12/31/2049 1,900,000 1,857,197
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 5.2559 10/12/2042 1,600,000 1,606,320
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 6.625 05/15/2018 500,000 527,933
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 1,110,000 1,018,433
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 3.631 05/08/2031 530,000 530,403
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 4.25 01/29/2021 592,500 579,909
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 1,000,000 1,043,438
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5223 04/10/2038 700,000 714,328
NRG Energy, Inc., 8.25%, 9/1/20 8.25 09/01/2020 200,000 215,000
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 5.0 06/16/2018 539,344 505,635
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 3.0 05/03/2020 524,300 515,999
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 5.5 02/01/2043 1,500,000 1,552,653
Darling Ingredients, Inc., 5.375%, 1/15/22 5.375 01/15/2022 1,060,000 1,086,272
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 4.25 05/09/2020 400,000 393,840
Fly Funding II Sarl, Loan, 8/8/18 3.5 08/08/2018 706,036 707,507
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 3.0 11/23/2016 520,625 520,137
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 2.75 01/23/2021 171,918 171,964
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 570,000 545,137
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 18,053 14,713
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 3.75 01/30/2019 400,857 401,179
Compass Re II, Ltd., Floating Rate Note, 12/8/15 (Cat Bond) (144A) 0.0 12/08/2015 250,000 238,100
Kane Sac Zero% 15jun16 0.0 06/15/2016 400,000 383,920
FMG Resources August 2006 Pty, Ltd., 9.75%, 3/1/22 (144A) 9.75 03/01/2022 700,000 734,883
Npo 5.875% 15sep22 5.875 09/15/2022 1,235,000 1,277,976
Citigroup, Inc., Floating Rate Note (Perpetual) 5.95 12/31/2049 640,000 646,372
Scientific Games International, Inc., 10.0%, 12/1/22 10.0 12/01/2022 800,000 772,667
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 5.0 10/15/2021 84,291 85,344
Aircastle, Ltd., 6.25%, 12/1/19 6.25 12/01/2019 600,000 653,345
Qwest Corp., 7.375%, 6/1/51 7.375 06/01/2051 4,400 114,356
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 5.875 06/24/2019 405,000 413,968
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 481,000 511,169
Flextronics International, Ltd., 5.0%, 2/15/23 5.0 02/15/2023 695,000 721,715
Remy International, Inc., Term B Loan 2013, 3/5/20 4.25 03/05/2020 375,000 375,469
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.987 02/25/2035 2,208,000 316,579
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 5.5 06/25/2020 410,219 395,990
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 6.375 04/01/2021 500,000 527,969
Altrl Zero% 30jun16 0.0 06/30/2016 2,501,147 1,457,168
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 3.875 09/25/2018 246,243 234,977
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 3.5 08/05/2020 728,520 726,972
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 5.375 04/15/2021 500,000 468,606
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 3.04 12/11/2019 298,478 298,250
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 750,000 754,733
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 5.55 10/28/2020 500,000 500,421
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 5.375 11/15/2021 200,000 199,544
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 700,000 685,198
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, 3.475%, 8/28/44 (Step) (144A) 3.475 08/28/2044 460,000 334,110
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 5.25 12/31/2049 1,000,000 1,023,417
Envision Healthcare Corp., Initial Term Loan, 5/25/18 4.0 05/25/2018 292,382 292,869
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 4.0 10/15/2024 425,000 438,783
Comstock Resources, Inc., 10.0%, 3/15/20 (144A) 10.0 03/15/2020 1,000,000 932,080
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 4.25 11/26/2020 245,202 234,475
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 5.0 04/18/2019 710,500 704,283
Endo Finance LLC, 5.375%, 1/15/23 (144A) 5.375 01/15/2023 875,000 885,749
CST Brands, Inc., 5.0%, 5/1/23 5.0 05/01/2023 1,325,000 1,329,417
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 600,000 525,183
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 7.25 04/03/2024 500,000 526,361
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 5.95 12/31/2049 25,000 630,000
Memp 6.875% 01aug22 6.875 08/01/2022 1,090,000 1,017,129
CityCenter Holdings LLC, Term B Loan, 10/16/20 4.25 10/16/2020 227,316 227,742
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 5.0101 02/07/2017 1,000,000 1,008,012
A Schulman Inc Bridge L + 0% 27mar16 0.2818 03/27/2016 1,945,000 1,945,000
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 6.75 06/15/2021 1,000,000 958,000
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 425,000 454,183
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 720,000 661,800
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 1.0 12/20/2019 2,000,000 -150,332
Alkermes, Inc., 2019 Term Loan, 9/25/19 3.5 09/25/2019 684,424 685,422
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 9.5 06/24/2019 122,892 99,285
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 470,000 463,538
CHS, Incremental 2021 Term H Loan, 1/27/21 4.0 01/27/2021 222,711 223,283
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 5.75 11/09/2018 784,301 786,262
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 5.75 04/23/2021 1,270,400 1,244,652
Volt Flt% 26jun45 15-Npl8 4.5 06/26/2045 1,000,000 981,560
Zero% 31aug16 0.0 08/31/2016 500,000 503,550
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 3.75 07/02/2021 202,232 201,063
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,150,000 1,155,839
Sprint Corp., 7.125%, 6/15/24 7.125 06/15/2024 1,225,000 1,140,189
Immucor, Inc., Term B-2 Loan, 8/19/18 5.0 08/19/2018 439,239 441,435
Calpine Corp., Term Loan (10/12), 10/9/19 4.0 10/09/2019 438,113 438,626
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 6.75 11/23/2015 900,000 922,163
Cenveo Corp., 6.0%, 8/1/19 (144A) 6.0 08/01/2019 1,210,000 1,167,650
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 100,000 109,106
Targus Group International, Inc., Term Loan, 5/24/16 14.75 05/24/2016 454 375
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 4.5 05/02/2016 17,865 17,820
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 600,000 623,675
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 3.95 05/15/2027 400,000 378,587
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 4.25 06/24/2019 449,184 448,809
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 1,285,000 541,306
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 8.5 04/03/2018 76,767 76,959
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 6.1003 04/15/2045 1,400,000 1,405,366
Mirabela Nickel, Ltd.     622,916 55,260
Houghton Mifflin Harcourt Publishe 1st Lien Tl-B L + 3% 11may21 4.0 05/11/2021 125,000 124,609
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 550,600 553,738
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 3.5 08/17/2020 420,510 421,120
JLL, Initial Dollar Term Loan, 1/23/21 4.25 01/23/2021 445,500 443,432
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 3.5 09/06/2019 368,872 369,933
Garda World Security Corp., Term B Loan, 11/1/20 4.0 11/01/2020 203,839 203,499
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 3.75 07/31/2019 124,031 124,589
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 4.0 04/23/2020 301,538 302,449
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.5 08/23/2019 553,265 555,080
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 4.456 09/27/2032 360,000 1,051
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 6.0 12/15/2020 540,000 558,828
Level 3 Financing Inc 1st Lien Tl-B2 L + 2.75% 31may22   05/31/2022 1,400,000 1,391,688
Fannie Mae, 4.5%, 9/1/39 4.5 09/01/2039 2,945,000 1,094,451
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 5.75 01/16/2024 1,700,000 1,889,302
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 1,100,000 1,119,362
Cequel Communications LLC, Term Loan, 2/14/19 3.5 02/14/2019 371,467 370,420
NBTY, Inc., Term B-2 Loan, 10/1/17 3.5 10/01/2017 750,000 746,250
Coveris Holdings SA, USD Term Loan, 4/14/19 4.5 04/14/2019 23,862 23,957
Tenet Healthcare Corp., 4.375%, 10/1/21 4.375 10/01/2021 1,480,000 1,479,075
CWGS Group LLC, Term Loan, 2/20/20 5.25 02/20/2020 1,377,500 1,386,970
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 4.1755 05/25/2045 175,000 178,762
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 10.75 12/01/2020 208,000 172,806
TIG FINCO Plc, 8.75%, 4/2/20 8.75 04/02/2020 202,103 321,454
Acgl Zero% 01jul16 0.0 07/01/2016 700,000 715,540
Mpg Holdco I Inc Us 1st Lien Tl-B L + 3.5% 13oct21 3.75 10/13/2021 1,431,093 1,431,685
Floatel 1st Lien Tl-B L + 5% 22may20 6.0 05/22/2020 0 0
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 4.5 04/15/2023 1,940,000 1,926,899
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 4.25 11/20/2028 1,750,000 585,811
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 6.407 08/28/2037 1,288,834 37,924
Fannie Mae, 4.0%, 9/1/43 4.0 09/01/2043 528,373 505,727
Vencore 1st Lien Tl L + 4.75% 19nov19 5.75 11/19/2019 212,271 213,300
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 5.25 04/25/2032 2,500,000 652,717
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 4.25 01/31/2021 1,150,000 1,150,000
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 4.5 06/01/2041 2,749,325 832,358
American Airlines Inc 1st Lien Tl-B L + 3% 10oct21 3.75 10/10/2021 175,000 174,891
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 4.0 11/08/2020 52,145 52,058
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 7.35 07/15/2032 105,000 2,969
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/31/2020 292,369 290,420
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 1.987 04/25/2034 4,900,000 392,920
Vers 2015-A Zero% 31dec17 0.0 12/31/2017 2,000,000 2,095,600
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 0.0 09/18/2017 800,000 888,320
Charter Communications Operating L 1st Lien Bridge L + 6.625% 26may16   05/26/2016 1,015,000 1,015,000
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 5.58 06/25/2058 250,000 258,873
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 6.5 05/15/2021 425,000 452,967
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 3.25 01/14/2018 109,659 109,768
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 10.5 12/15/2018 100,000 105,967
HJ Heinz Co., Term B-2 Loan, 6/5/20 3.25 06/05/2020 262,050 262,410
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 3.687 03/24/2018 500,000 499,024
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 500,000 517,806
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 3.7601 04/24/2017 350,000 343,459
Iap Worldwide Services Inc     4 2,876
DuPont Fabros Technology LP, 5.875%, 9/15/21 5.875 09/15/2021 1,000,000 1,029,799

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

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