Pioneer Investments: Pioneer Dynamic Credit Fund


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Pioneer Dynamic Credit Fund

Monthly Portfolio Holdings as of 5/29/2015

Security Name Coupon Maturity Date Par / Shares Market Value($)
Fly Funding II Sarl, Loan, 8/8/18 3.5 08/08/2018 706,036 708,537
Caraustar Industries, Inc., Term Loan, 5/1/19 8.0 05/01/2019 200,338 202,843
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 5.78 03/16/2043 300,000 301,620
Sprint Corp., 7.125%, 6/15/24 7.125 06/15/2024 1,225,000 1,225,191
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 5.574 11/12/2049 1,800,000 1,849,034
Rural, Term Loan, 6/30/18 8.0 06/30/2018 86,695 80,626
On Assignment, Inc., Initial Term B Loan, 5/15/20 3.5 05/15/2020 367,182 367,641
CHS, 8.0%, 11/15/19 8.0 11/15/2019 1,075,000 1,145,771
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 5.135 10/15/2039 100,000 103,544
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 5.0 09/09/2017 740,625 734,145
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 38,709 16,583
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 4.75 04/24/2021 39,209 39,410
Garda World Security Corp., Term B Loan, 11/1/20 4.0 11/01/2020 203,839 203,839
Terex Corp., U.S. Term Loan, 8/13/21 3.5 08/13/2021 110,501 110,847
Talen Energy Supply LLC, 6.5%, 6/1/25 (144A) 6.5 06/01/2025 500,000 511,198
Alliant Holdings I LLC, Initial Term Loan, 12/20/19 5.0 12/20/2019 488,540 491,695
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 1,395,625 1,407,096
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 9.125 06/01/2018 400,000 430,149
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 3.0 04/29/2020 172,960 172,730
Allegion US Holding Co, Inc., 5.75%, 10/1/21 5.75 10/01/2021 930,000 982,939
Agrokor dd, 8.875%, 2/1/20 (144A) 8.875 02/01/2020 75,000 84,364
WireCo WorldGroup, Inc., Term Loan, 2/15/17 6.0 02/15/2017 46,094 46,267
NuVasive, Inc., 2.75%, 7/1/17 2.75 07/01/2017 322,000 431,321
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 4.0 01/30/2019 400,857 401,442
Jun15 Vix C @ 15.000000   06/17/2015 400 37,000
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 6.75 11/23/2015 900,000 923,321
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 3.2856 02/15/2029 2,000,000 2,001,502
McKesson Corp., 4.883%, 3/15/44 4.883 03/15/2044 1,500,000 1,602,484
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 0.0 09/18/2017 800,000 871,760
Caleres, Inc., 7.125%, 5/15/19 7.125 05/15/2019 750,000 780,352
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 1,050,000 1,273,416
Tribune Media Co., Initial Term Loan, 11/20/20 4.0 11/20/2020 500,000 501,313
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19 7.5 08/07/2019 348,250 317,488
Boardwalk Pipelines LP, 4.95%, 12/15/24 4.95 12/15/2024 2,000,000 2,065,196
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 6.75 04/15/2021 345,000 336,698
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 3.7601 04/24/2017 350,000 342,993
Amgen, Inc., 5.375%, 5/15/43 5.375 05/15/2043 2,500,000 2,761,626
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 6.41 11/17/2025 139,000 139,450
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 8.375 09/30/2020 1,388,112 1,155,603
Albertsons LLC, Term B-2 Loan, 3/21/19 5.375 03/21/2019 894,254 900,178
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 2.0203 04/07/2017 500,000 499,217
Frontier Communications Corp., 6.25%, 9/15/21 6.25 09/15/2021 200,000 195,229
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 5.658 03/15/2045 304,000 310,966
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 3.9 01/15/2026 105,000 103,858
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 4.4953 03/17/2048 200,000 197,625
Emdeon, Inc., Term B-2 Loan, 11/2/18 3.75 11/02/2018 773,937 776,936
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 550,600 552,472
Level 3 Financing Inc 1st Lien Tl-B2 L + 2.75% 31may22   05/31/2022 1,400,000 1,396,850
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 3.4642 01/17/2019 250,000 255,245
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 4.5 06/19/2021 945,250 948,795
ZIGGO BV, (USD) TLB3, 1/15/22 3.5 01/15/2022 587,872 586,660
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 720,000 701,870
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/31/2020 487,281 484,236
Comstock Resources, Inc., 10.0%, 3/15/20 (144A) 10.0 03/15/2020 1,000,000 986,944
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 5.5 02/20/2021 223,313 218,846
KB Home, 8.0%, 3/15/20 8.0 03/15/2020 200,000 225,583
Virgin Media Secured Finance Plc, 5.25%, 1/15/26 (144A) 5.25 01/15/2026 1,000,000 1,010,000
Targus Group International, Inc., Term Loan, 5/24/16 14.75 05/24/2016 304 252
Windstream Services LLC, 7.5%, 6/1/22 7.5 06/01/2022 1,305,000 1,239,478
TIG FINCO Plc, Floating Rate Note, 3/2/20 (144A)   03/02/2020 35,665 57,729
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 4.25 07/01/2021 126,457 126,852
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 5.0 09/15/2021 500,000 501,174
DynCorp International, Inc., Term Loan, 7/7/16 6.25 07/07/2016 815,805 810,707
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 3.95 05/15/2027 400,000 386,683
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 800,000 149,605
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 5.25 04/25/2032 509,814 107,316
Kane Zero% 22jan16 0.0 01/22/2016 1,200,000 1,220,880
Iap Worldwide Services Inc     4 2,786
Kloeckner Pentaplast Of America 1st Lien Tl L + 4% 22apr20 5.0 04/22/2020 41,673 41,927
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 3.5 12/11/2019 298,478 298,954
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 7.78 03/25/2027 5,850,000 247,727
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 6.0 09/29/2020 1,222,125 1,219,070
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 9.875 01/15/2019 142,000 157,923
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 6.75 10/01/2037 225,000 278,808
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 0.8856 06/15/2033 2,500,000 546,786
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 4.0 10/15/2024 425,000 441,378
NRG Energy, Inc., 6.25%, 5/1/24 6.25 05/01/2024 500,000 513,767
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 5.625 12/15/2016 200,000 206,406
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 4.625 05/15/2023 830,000 802,549
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 4.25 06/24/2019 449,184 448,809
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,205 163,558
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 5.7649 07/18/2019 28,547 26,549
Ally Financial, Inc., 4.625%, 5/19/22 4.625 05/19/2022 250,000 250,353
Wendy's International LLC, Term B Loan, 5/15/19 3.25 05/15/2019 745,047 746,630
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 6.75 03/15/2023 0 5,977
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 1,070,000 1,073,143
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 3.5 05/23/2019 606,375 606,691
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 1,433 10,228
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 5.75 08/25/2036 1,200,000 180,980
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 593,000 578,974
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 14,300 747,461
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 6.625 05/15/2018 500,000 527,630
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.5 08/23/2019 554,669 558,205
Landry's, Inc., B Term Loan, 4/24/18 4.0 04/24/2018 419,813 422,044
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 9.0051 06/06/2015 1,250,000 1,276,063
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 4.25 09/30/2020 247,500 247,087
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 500,000 536,042
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 7.25 06/01/2020 525,000 476,988
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 4.25 11/20/2028 1,750,000 633,324
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 1.9848 04/25/2034 4,900,000 400,697
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.7653 05/15/2046 715,000 675,184
MDC Holdings, Inc., 5.5%, 1/15/24 5.5 01/15/2024 890,000 895,006
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 1,110,000 1,026,692
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 500,000 527,344
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 5.9712 02/10/2051 1,250,000 1,305,598
Cme: (Cdx.Na.Hy.23.V3) Usd 20dec19 Z91mw60e6 5.0 12/20/2019 -101,714,200 -9,458,140
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 4.25 12/18/2019 914,119 915,262
Morgan Stanley, Floating Rate Note (Perpetual) 7.125 12/31/2049 18,000 509,040
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 5.1394 10/12/2042 1,600,000 1,607,879
Prudential Financial, Inc., Floating Rate Note, 9/15/42 5.875 09/15/2042 1,500,000 1,633,859
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 5.377 12/10/2046 2,000,000 2,039,651
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 4.6806 10/20/2020 600,000 600,787
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 700,000 676,057
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 3.1854 04/01/2021 99,000 99,383
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 4.2652 01/15/2021 214,171 214,997
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 4.25 04/30/2028 300,000 302,563
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 5.38 07/15/2020 700,000 725,049
VeriSign, Inc., 4.625%, 5/1/23 4.625 05/01/2023 335,000 332,061
Vers 2015-A Zero% 31dec17 0.0 12/31/2017 2,000,000 2,073,800
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 4.8573 08/17/2045 100,000 102,827
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 690,677 688,303
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 3.5375 05/05/2017 1,000,000 989,936
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 6.5 07/20/2020 1,089,132 1,096,606
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 3.157 01/25/2035 1,100,000 83,742
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 1,050,525 1,057,669
Cardtronics, Inc., 1.0%, 12/1/20 1.0 12/01/2020 1,000,000 992,472
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 5.5 12/15/2053 750,000 168,396
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 5.0 06/16/2018 540,740 519,787
Rosetta Resources, Inc., 5.625%, 5/1/21 5.625 05/01/2021 515,000 548,285
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 1,129,903 1,073,031
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 5.55 10/28/2020 500,000 501,717
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 200,000 198,976
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 8.5 05/15/2020 700,000 840,244
TIG FINCO Plc, 8.75%, 4/2/20 8.75 04/02/2020 202,103 314,955
Pacific Drilling SA, Term Loan, 6/3/18 4.5 06/03/2018 205,927 179,156
Restaurant Brands 1st Lien Tl-B L + 2.75% 12dec21 3.75 12/12/2021 277,941 278,983
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 5.75 02/01/2023 980,000 925,127
MedAssets, Inc., 8.0%, 11/15/18 8.0 11/15/2018 175,000 181,708
Sprint Corp., 7.25%, 9/15/21 7.25 09/15/2021 1,000,000 1,021,354
Chiquita Brands International, Inc., 7.875%, 2/1/21 7.875 02/01/2021 428,000 476,591
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 7.25 04/03/2024 500,000 540,740
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 6.0 08/17/2019 319,687 320,953
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 4.0 11/08/2020 52,145 52,145
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 5.875 09/15/2022 1,235,000 1,296,428
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 1,035,000 898,078
Masco Corp., 4.45%, 4/1/25 4.45 04/01/2025 1,000,000 1,034,408
Axis Equipment Finance Receivables III LLC, 5.27%, 5/20/20 (144A) 5.27 05/20/2020 500,000 499,730
Tasc Inc 1st Lien Tl-B L + 6% 23may20 7.0 05/23/2020 1,425,000 1,442,218
Liberty Tire Recycling Llc     3,071 31
Akorn, Inc., Loan, 11/13/20 4.5 11/13/2020 690,119 693,993
Gannett Co, Inc., 6.375%, 10/15/23 6.375 10/15/2023 1,120,000 1,201,725
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 6.25 12/18/2019 1,876,250 1,892,082
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 3.682 06/11/2027 1,400,000 1,399,946
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 5.25 10/06/2019 950,000 981,231
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 4.0 04/23/2019 239,957 229,458
Apex Tool Group LLC, Term Loan, 1/31/20 4.5 01/31/2020 637,368 627,808
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 5.0 10/15/2021 1,910,920 1,937,179
Denbury Resources, Inc., 4.625%, 7/15/23 4.625 07/15/2023 910,000 846,158
COMM 2015-CCRE23 Mortgage Trust, 3.807%, 5/12/48 3.807 05/12/2048 1,000,000 952,281
Bank of America Corp., 6.11%, 1/29/37 6.11 01/29/2037 400,000 474,020
EP Energy LLC, Tranche B-3 Loan, 5/24/18 3.5 05/24/2018 176,667 175,607
Frontier Communications Corp., 9.0%, 8/15/31 9.0 08/15/2031 200,000 202,250
Mj Acquistion (Concentra) 1st Lien Tl-B L + 3% 08may22   05/08/2022 475,000 477,375
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 3.75 12/12/2019 165,030 165,649
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 5.125 08/01/2022 1,000,000 1,011,941
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 4.352 01/25/2043 250,000 218,137
Mirabela Nickel, Ltd.     622,916 59,629
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 4.25 01/29/2021 594,000 577,665
T-Mobile USA, Inc., 6.625%, 4/1/23 6.625 04/01/2023 1,500,000 1,595,036
Hilton Worldwide Finance LLC, Initial Term Loan, 9/23/20 3.5 09/23/2020 321,579 322,494
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 10.0 08/15/2021 800,000 775,333
CityCenter Holdings LLC, Term B Loan, 10/16/20 4.25 10/16/2020 227,316 228,493
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 0.0 12/01/2019 500,000 525,550
CCO Holdings LLC, 5.75%, 9/1/23 5.75 09/01/2023 475,000 497,190
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 3.5 09/06/2019 368,872 370,440
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2043 400,000 425,926
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 6.2541 12/10/2049 1,600,000 1,693,457
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 9.31 07/20/2028 750,000 173,207
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7703 04/30/2018 650,000 652,135
MGM Resorts International, Term B Loan, 12/20/19 3.5 12/20/2019 263,925 264,090
Arlington Flt% 01aug15 0.0 08/01/2015 600,000 683,100
Sealy Corp., 8.0%, 7/15/16 (PIK) 8.0 07/15/2016 13,100 1,112,452
Wells Fargo & Co., Floating Rate Note (Perpetual) 5.875 12/31/2049 1,150,000 1,232,772
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 400,000 367,088
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125 12/31/2049 63,000 1,764,000
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 400,000 387,499
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 355,000 235,787
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 4.5 06/06/2019 989,899 992,052
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 4.931 05/09/2019 300,000 276,621
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 5.6402 07/12/2044 113,538 127,866
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 4.25 04/10/2021 488,819 491,874
Syncreon Group BV, Term Loan, 9/26/20 5.25 09/26/2020 694,724 624,817
Jazz Pharmaceuticals, Inc., Tranche 2 Term Loan, 6/12/18 3.25 06/12/2018 336,350 337,948
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 3.5 08/05/2020 728,520 729,248
NRG Energy, Inc., 7.625%, 1/15/18 7.625 01/15/2018 900,000 1,028,784
Buckeye Partners LP, 4.15%, 7/1/23 4.15 07/01/2023 1,750,000 1,766,760
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 4.5 05/09/2017 242,434 242,131
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 6.875 02/15/2019 1,350,000 1,299,445
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 0.6856 05/15/2031 5,908,000 402,661
Cummins, Inc., 5.65%, 3/1/98 5.65   350,000 390,988
Remy International, Inc., Term B Loan 2013, 3/5/20 4.25 03/05/2020 375,000 376,406
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 1,861,821
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 5.25 10/07/2021 827,693 831,092
AECOM, 5.875%, 10/15/24 (144A) 5.875 10/15/2024 635,000 665,063
Belden, Inc., 5.5%, 9/1/22 (144A) 5.5 09/01/2022 1,360,000 1,412,492
Weatherford International, Ltd. Bermuda, 5.95%, 4/15/42 5.95 04/15/2042 2,000,000 1,825,147
LKQ Corp., 4.75%, 5/15/23 4.75 05/15/2023 250,000 247,370
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 8.133 09/24/2073 1,190,000 1,435,190
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0051 06/06/2016 500,000 536,106
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.786 06/15/2029 1,530,000 1,531,079
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 5.0 02/15/2018 0 0
Tenet Healthcare Corp., 4.5%, 4/1/21 4.5 04/01/2021 265,000 264,304
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 5.25 04/25/2032 2,500,000 665,302
Verizon Communications, Inc., 4.15%, 3/15/24 4.15 03/15/2024 2,500,000 2,664,827
DPx Holdings BV, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 705,000 755,084
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 425,000 458,070
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 5.4496 06/25/2033 1,749,811 311,004
World Kitchen LLC, U.S. Term Loan, 3/4/19 5.5 03/04/2019 185,571 186,498
Tank Holding Corp., Initial Term Loan, 7/9/19 5.2528 07/09/2019 648,029 650,323
Transunion Llc 1st Lien Tl-B L + 3% 21mar21 4.0 03/21/2021 350,000 350,146
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 5.5 03/25/2034 212,565 56,563
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 (144A) 6.41 10/22/2018 250,000 254,519
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 3.6848 03/24/2018 500,000 500,179
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.6848 02/25/2035 3,432,000 521,017
NRG Energy, Inc., 8.25%, 9/1/20 8.25 09/01/2020 200,000 214,399
Talen Energy Supply LLC, 5.125%, 7/15/19 (144A) 5.125 07/15/2019 1,880,000 1,902,031
Builders Firstsource Inc Bridge L + 7.5% 13apr16   04/13/2016 1,880,000 1,880,000
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 3.631 05/08/2031 530,000 530,252
InterGen NV, 7.0%, 6/30/23 (144A) 7.0 06/30/2023 850,000 832,292
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,400,000 1,326,089
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 7.875 10/15/2019 500,000 538,260
Kane Flt% 12jun15   06/12/2015 1,100,000 1,099,230
Jun15 Vix C @ 14.500000   06/17/2015 350 36,750
Ziggo Bv Us 1st Lien Tl-B1 L + 2.75% 15jan22 3.5 01/15/2022 554,681 553,537
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 400,000 15,600
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 400,000 422,213
NCR Corp., 6.375%, 12/15/23 6.375 12/15/2023 1,160,000 1,228,694
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 950,000 1,013,027
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 6.0 12/15/2020 540,000 577,800
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 4.75 04/30/2020 492,995 485,846
Verizon Communications, Inc., 5.012%, 8/21/54 5.012 08/21/2054 576,000 555,578
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 765,000 825,642
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 7.0 05/15/2018 865,000 889,148
Steward Health Care System LLC, Term Loan, 4/10/20 6.75 04/10/2020 491,250 489,101
Tata Chemicals North America, Inc., Term Loan, 8/7/20 3.75 08/07/2020 245,625 245,392
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 4.5 10/13/2028 1,400,000 1,403,381
CHS, 6.875%, 2/1/22 6.875 02/01/2022 995,000 1,084,785
Fannie Mae, 4.5%, 9/1/39 4.5 09/01/2039 2,945,000 1,132,608
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 4.25 12/23/2036 1,800,000 803,316
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.7082 04/10/2038 700,000 718,121
Entegris, Inc., 6.0%, 4/1/22 (144A) 6.0 04/01/2022 1,000,000 1,054,833
Cme: (Cdx.Na.Hy.24.V1) Usd 20jun20 Z91r5q076 5.0 06/20/2020 -10,315,000 -832,000
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 5.875 02/15/2019 600,000 620,781
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 6.25 12/19/2020 395,230 395,724
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 1,205,000 1,235,627
Kane Zero% 22jan16 0.0 01/22/2016 500,000 510,350
DaVita HealthCare Partners, Inc., Tranche B Term Loan, 6/19/21 3.5 06/19/2021 63,023 63,298
Immucor, Inc., Term B-2 Loan, 8/19/18 5.0 08/19/2018 440,365 443,301
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 1.4815 12/10/2035 6,760,000 1,079,540
Affiliated Managers Group, Inc., 4.25%, 2/15/24 4.25 02/15/2024 915,000 974,459
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 555,000 535,170
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 2.5203 01/07/2019 250,000 254,824
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 533,600 536,108
Swift Transportation Co LLC, Tranche B Loan, 6/9/21 3.75 06/09/2021 168,282 169,071
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 3.75 07/31/2019 124,031 124,884
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 1.0 12/20/2019 2,000,000 -104,803
Altisource Solutions Sarl, Term B Loan, 12/9/20 4.5 12/09/2020 1,132,347 1,024,774
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 6.2083 02/15/2051 1,725,000 1,781,651
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 5.85 05/21/2043 1,550,000 1,281,017
DIRECTV Holdings LLC, 5.15%, 3/15/42 5.15 03/15/2042 1,000,000 990,104
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 400,000 421,403
CENGAGE LEARNING ACQUISITIONS INC, Term Loan, 3/6/20 8.25 03/06/2020 250,000 251,380
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 4.25 10/01/2021 1,080,649 1,094,833
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 3.0 01/31/2021 650,503 650,284
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 2.75 01/23/2021 478,953 479,979
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 4.0 12/13/2019 687,677 668,981
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 6.0 09/17/2021 1,620,938 1,629,550
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 4.0 01/30/2020 787,223 789,930
CHS, Incremental 2021 Term H Loan, 1/27/21 4.0 01/27/2021 222,711 223,646
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 7.75 05/15/2018 132,691 132,801
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 5.25 04/21/2019 344,030 343,600
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 5.0101 02/07/2017 1,000,000 1,005,256
Kane Zero% 29apr16 0.0 04/29/2016 2,100,000 2,189,880
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 3.721 10/28/2019 1,750,000 1,516,492
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 5.2252 07/15/2044 2,500,000 2,519,058
NPC International, Inc., Term Loan, 12/28/18 4.0 12/28/2018 560,467 558,015
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 3.25 08/17/2020 234,306 232,988
RASC Series 2003-KS5 Trust, 4.96%, 7/25/33 (Step) 4.96 07/25/2033 400,000 247,470
Endo Finance LLC, 5.375%, 1/15/23 (144A) 5.375 01/15/2023 875,000 872,949
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 3.75 06/30/2019 289,851 289,235
American Airlines 1st Lien Tl-B L + 2.75% 27jun20 3.5 06/27/2020 343,875 344,305
Morgan Stanley, 4.875%, 11/1/22 4.875 11/01/2022 250,000 270,758
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 5.273 12/11/2038 2,642,507 2,696,297
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 5.568 04/15/2047 1,200,000 1,236,291
United Airlines, Inc., Class B Term Loan, 4/1/19 3.5 04/01/2019 245,000 245,796
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 8.5 04/03/2018 76,767 76,959
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5203 04/30/2018 350,000 351,881
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 180,000 186,031
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 4.456 09/27/2032 360,000 3,924
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 600,000 542,438
Hexion, Inc., 8.875%, 2/1/18 8.875 02/01/2018 700,000 662,786
Southern California Edison Co., Floating Rate Note (Perpetual) 6.25 12/31/2049 75,000 85,831
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0 12/31/2049 800 812,000
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 500,000 570,438
Advanced Micro Devices, Inc., 7.5%, 8/15/22 7.5 08/15/2022 445,000 401,334
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 3.25 10/18/2018 171,063 171,357
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 4.75 06/24/2021 498,000 500,117
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 6.7525 05/23/2019 171,938 172,367
Iron Mountain, Inc., 5.75%, 8/15/24 5.75 08/15/2024 500,000 520,885
CST Brands, Inc., 5.0%, 5/1/23 5.0 05/01/2023 1,325,000 1,353,524
Epiq Systems, Inc., Term Loan, 8/27/20 4.5 08/27/2020 589,902 589,902
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 1.1848 01/25/2035 7,450,000 1,043,878
Citigroup, Inc., Floating Rate Note (Perpetual) 5.95 12/31/2049 640,000 653,493
CenturyLink, Inc., 7.65%, 3/15/42 7.65 03/15/2042 1,300,000 1,281,719
Kane Flt% 14jul15 0.0 07/14/2015 713,104 707,898
B&G Foods, Inc., 4.625%, 6/1/21 4.625 06/01/2021 400,000 408,699
HJ Heinz Co., Term B-2 Loan, 6/5/20 3.25 06/05/2020 262,050 262,476
QVC, Inc., 4.45%, 2/15/25 4.45 02/15/2025 1,500,000 1,508,678
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 4.0 07/09/2018 1,250,000 1,254,618
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 4.0 04/23/2020 869,469 872,729
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 4.25 05/15/2020 475,000 478,412
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 6.0 08/09/2017 250,000 278,478
Kane Zero% 19feb16 0.0 02/19/2016 1,200,000 1,275,960
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 4.125 05/30/2023 200,000 203,875
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 5.5 07/02/2020 493,750 494,984
Energy XXI, Ltd., 3.0%, 12/15/18 3.0 12/15/2018 20,000 6,875
Foresight Energy LLC, Term Loan, 8/21/20 5.5 08/21/2020 249,073 247,828
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 6.0 03/31/2021 707,622 610,767
T-Mobile USA, Inc., 6.0%, 3/1/23 6.0 03/01/2023 400,000 421,183
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 4.0 03/28/2021 645,125 647,544
Qwest Corp., 7.375%, 6/1/51 7.375 06/01/2051 4,400 114,576
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 0.0 01/07/2016 294,350 296,440
Morgan Stanley, Floating Rate Note (Perpetual) 6.375 12/31/2049 66,200 1,728,482
Navitas Equipment Receivables LLC 2015-1, 5.75%, 5/17/21 (144A) 5.75 05/17/2021 710,500 713,539
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.7392 04/10/2038 1,000,000 1,010,526
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 585,000 622,141
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 5.375 04/15/2021 500,000 474,398
Pangaea Zero% 01jul18 0.0 07/01/2018 2,000,000 2,214,400
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 6.75 04/30/2018 961,651 930,597
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 430,000 409,294
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 25,000 19,176
Microsemi Corp., Term Loan (2014), 3/14/21 3.25 03/14/2021 155,398 155,819
HCA, Inc., 5.375%, 2/1/25 5.375 02/01/2025 1,000,000 1,050,156
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 5.75 10/07/2020 1,246,875 1,255,447
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 2,500 6,250
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 3.875 01/31/2028 200,000 197,083
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 10.75 12/01/2020 208,000 176,494
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 1,000,000 1,093,646
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 4.5 06/07/2020 232,502 232,938
Flextronics International, Ltd., 5.0%, 2/15/23 5.0 02/15/2023 695,000 738,148
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,150,000 1,157,525
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 3.4947 06/25/2046 1,000,000 983,043
EP Energy LLC, 6.375%, 6/15/23 (144A) 6.375 06/15/2023 865,000 866,388
Prestige Brands, Inc., Term B-3 Loan, 9/3/21 3.5 09/03/2021 916,006 918,868
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 6.875 08/01/2022 1,090,000 1,062,315
Time Warner, Inc., 4.85%, 7/15/45 4.85 07/15/2045 1,500,000 1,510,089
Sanders Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 3.9152 06/07/2017 500,000 500,021
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 8.625 12/31/2049 450,000 383,930
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 665,000 729,313
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 330,000 320,856
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 1,671,000 356,613
Kloeckner Pentaplast Of America 1st Lien Tl L + 4% 22apr20 5.0 04/22/2020 17,809 17,918
Fifth Third Bancorp, Floating Rate Note (Perpetual) 6.625 12/31/2049 12,456 354,498
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 4.0 02/01/2019 1,455,000 1,419,676
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 6.375 10/01/2020 650,000 699,496
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 3.75 07/02/2021 202,743 202,490
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 5.5 06/25/2020 411,255 403,544
Vencore 1st Lien Tl L + 4.75% 19nov19 5.75 11/19/2019 207,411 208,902
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 2.75 01/23/2021 172,350 172,719
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 6.25 08/15/2042 750,000 921,766
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9.0 01/28/2017 100,000 71,450
PQ Corp., 2014 Term Loan, 8/7/17 4.0 08/07/2017 684,250 685,362
Banco Santander SA, Floating Rate Note (Perpetual) 6.375 12/31/2049 800,000 798,998
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 325,000 316,712
A Schulman Inc Bridge L + 0% 27mar16 0.2708 03/27/2016 1,945,000 1,945,000
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 5.125 07/15/2024 1,360,000 1,400,588
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 570,000 545,274
Corporate Office Properties LP, 3.6%, 5/15/23 3.6 05/15/2023 155,000 148,728
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 7.5 04/10/2020 275,500 277,222
Floatel 1st Lien Tl-B L + 5% 22may20 6.0 05/22/2020 216,581 174,686
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 750,000 771,127
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 3.45 01/15/2023 1,500,000 1,476,044
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 10.625 02/01/2016 410,000 375,200
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 18,053 14,894
Legg Mason, Inc., 3.95%, 7/15/24 3.95 07/15/2024 1,250,000 1,306,001
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 5.623 05/12/2045 1,400,000 1,424,549
Cequel Communications LLC, Term Loan, 2/14/19 3.5 02/14/2019 371,467 372,893
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.9848 02/25/2035 2,208,000 319,371
Post Holdings, Inc., 2.5% (Perpetual) (144A) 2.5 12/31/2049 11,800 1,032,500
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 0.125 07/15/2024 16,600,000 16,360,006
Calpine Corp., Term Loan (10/12), 10/9/19 4.0 10/09/2019 439,239 440,642
Navistar, Inc., Tranche B Term Loan, 8/17/17 5.75 08/17/2017 120,000 120,750
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 5.375 07/15/2022 1,150,000 1,155,930
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 3.75 04/16/2021 259,055 259,894
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 11/15/2026 500,000 484,757
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 11/29/2019 78,745 79,336
Ensco Plc, 5.75%, 10/1/44 5.75 10/01/2044 1,950,000 1,897,018
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 4.4 04/15/2019 150,000 151,824
Immucor, Inc., 11.125%, 8/15/19 11.125 08/15/2019 100,000 109,495
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.7532 08/16/2019 134,921 135,342
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 6.55 04/25/2037 250,000 208,260
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 4.25 01/31/2021 650,000 653,006
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 5.75 04/23/2021 1,270,400 1,254,520
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 6.7003 01/09/2017 600,000 547,118
FCA US LLC, Tranche B Term Loan, 12/29/18 3.25 12/29/2018 2,004,750 2,009,345
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 9.875 02/01/2020 300,000 325,543
Unifrax I LLC, 7.5%, 2/15/19 (144A) 7.5 02/15/2019 630,000 654,441
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 5.7621 01/25/2033 450,000 52,477
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 3.5007 12/20/2018 245,603 247,292
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 3.5 03/18/2020 100,046 100,484
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 8.25 12/15/2017 200,000 210,563
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 4.94 07/20/2018 1,100,000 1,130,786
Acgl Zero% 01jul16 0.0 07/01/2016 700,000 712,810
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 3.75 07/11/2021 288,550 226,872
Appvion, Inc., Term Commitment, 6/28/19 5.75 06/28/2019 982,500 916,591
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 8.375 04/04/2021 100,000 108,178
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 3.1253 07/15/2023 750,000 692,144
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 5.58 06/25/2058 250,000 258,914
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 6.375 04/01/2021 500,000 526,474
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 6.625 12/31/2049 1,900,000 1,928,177
Wells Fargo & Co., 7.5% (Perpetual) 7.5 12/31/2049 1,050 1,269,272
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 4.5 02/21/2021 915,750 912,888
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 5.485 07/12/2046 1,400,000 1,436,965
Xerium Technologies, Inc., 8.875%, 6/15/18 8.875 06/15/2018 798,000 860,385
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 10.5 12/15/2018 100,000 109,813
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 4.4584 01/15/2048 400,000 395,884
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 6.9 01/02/2017 250,000 8,473
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 2.22 01/08/2019 250,000 249,919
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 5.214 02/11/2041 100,000 100,423
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 5.239 12/12/2049 2,000,000 2,041,067
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 5.632 10/15/2048 1,500,000 1,541,943
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 7.875 04/15/2019 400,000 416,938
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 6.625 04/07/2021 500,000 590,556
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21 4.75 10/10/2021 573,563 573,563
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 5.875 06/24/2019 405,000 428,676
Golar LNG Partners LP, Floating Rate Note, 10/12/17 6.62 10/12/2017 2,000,000 269,403
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 5.95 12/31/2049 25,000 642,750
Kane Ilw Zero% 02feb16 0.0 02/02/2016 1,050,000 996,345
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 5.5 10/28/2021 1,658,357 1,672,868
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 615,000 639,510
New World Resources NV, 4.0%, 10/7/20 (PIK) 4.0 10/07/2020 67,741 20,414
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 5.9482 05/15/2046 1,813,000 1,914,360
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 4.0 05/26/2053 250,000 165,603
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 5.186 03/15/2018 1,300,000 1,303,199
Copano Energy LLC, 7.125%, 4/1/21 7.125 04/01/2021 373,000 400,221
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 5.625 03/30/2043 1,665,000 1,852,246
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 5.75 11/09/2018 786,323 788,452
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 8.375 05/15/2020 805,000 860,134
The Williams Companies, Inc., 5.75%, 6/24/44 5.75 06/24/2044 2,000,000 2,087,539
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 5.82 06/15/2019 750,000 755,516
Houghton Mifflin Harcourt Publishe 1st Lien Tl-B L + 3% 11may21   05/11/2021 125,000 124,844
Nn Inc 1st Lien Tl-B L + 5% 18jul21 6.0 07/18/2021 1,362,500 1,370,999
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 1,445,896 1,158,652
Navios Maritime Partners LP, Term Loan, 6/27/18 5.25 06/27/2018 874,860 878,870
Houghton Mifflin Harcourt Publishers, Inc., Term Loan, 5/22/18 4.25 05/22/2018 107,369 107,504
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 4.7 11/17/2025 350,000 351,070
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 330,000 359,305
FMG Resources August 2006 Pty, Ltd., 9.75%, 3/1/22 (144A) 9.75 03/01/2022 700,000 741,256
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 3.7513 06/01/2018 20,527 20,578
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 1,190,000 1,265,854
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 9.0 01/21/2025 1,000,000 218,360
Vantiv LLC, Term B Loan, 6/12/21 3.75 06/12/2021 327,113 328,951
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 800,000 725,625
Amsurg Corp., 5.625%, 7/15/22 5.625 07/15/2022 545,000 569,440
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.43 01/09/2019 1,000,000 1,027,383
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 4.25 11/26/2020 245,202 234,679
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 5.357 12/15/2044 1,600,000 1,620,660
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.7551 12/06/2016 600,000 612,156
Firstar Realty LLC, 8.875% (Perpetual) (144A) 8.875 12/31/2049 400 498,625
Scientific Games International, Inc., 10.0%, 12/1/22 10.0 12/01/2022 800,000 816,000
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 2.931 11/05/2030 1,900,000 1,876,195
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 1,100,000 1,148,238
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 5.5 09/15/2020 358,317 363,224
The Ryland Group, Inc., 5.375%, 10/1/22 5.375 10/01/2022 95,000 97,262
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 5.375 11/15/2021 200,000 201,550
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 4.56 04/15/2020 450,000 463,742
Talos Production LLC, 9.75%, 2/15/18 (144A) 9.75 02/15/2018 115,000 106,742
Aircastle, Ltd., 6.25%, 12/1/19 6.25 12/01/2019 600,000 679,396
Generac Power Systems, Inc., Term Loan B, 5/31/20 3.25 05/31/2020 572,400 572,472
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 6.0 07/25/2034 500,000 95,641
NSG Holdings LLC, New Term Loan, 12/11/19 3.75 12/11/2019 216,810 217,081
Enel Finance International NV, 5.125%, 10/7/19 (144A) 5.125 10/07/2019 150,000 167,664
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 900,000 988,059
ExGen Renewables I LLC, Term Loan, 2/5/21 5.25 02/05/2021 1,026,327 1,036,590
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 3.75 06/30/2019 221,762 201,218
Legacy Reserves LP, 6.625%, 12/1/21 6.625 12/01/2021 1,300,000 1,128,323
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 5.4347 06/17/2044 50,000 54,378
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 6.5 05/15/2021 425,000 455,048
Seagate HDD Cayman, 4.75%, 6/1/23 4.75 06/01/2023 885,000 940,996
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.7653 05/15/2046 220,000 195,042
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 3.79 01/10/2031 1,000,000 980,223
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 5.75 01/16/2024 1,700,000 1,883,010
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 3.75 06/03/2020 214,995 214,508
Top Co     34,794 8,514
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 3.0 10/24/2019 442,085 444,155
Fannie Mae, 3.5%, 5/1/44 3.5 05/01/2044 6,475,000 5,825,595
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 4.5 12/20/2019 195,623 185,108
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 3.75 06/10/2021 498,306 499,915
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 4.45 05/15/2048 400,000 280,619
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 6.1003 04/15/2045 1,400,000 1,406,394
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 0.0   1,000,000 720,282
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 5.0 10/15/2021 84,291 85,450
ORES 2014-LV3 LLC, 6.0%, 3/27/24 6.0 03/27/2024 1,000,000 1,000,500
JLL, Initial Dollar Term Loan, 1/23/21 4.25 01/23/2021 446,625 446,147
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 1,815,000 1,913,502
Advanced Micro Devices, Inc., 6.75%, 3/1/19 6.75 03/01/2019 220,000 199,746
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 550,000 574,662
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 4.375 10/01/2022 1,550,000 1,529,811
MediArena Acquisition BV, Dollar Term B Loan (First Lien), 8/6/21 6.75 08/06/2021 1,000,000 996,250
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 29,032 5,102
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 250,000 33,383
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 4.939 07/10/2039 890,000 878,898
Steel Dynamics, Inc., 5.125%, 10/1/21 5.125 10/01/2021 930,000 949,436
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 3.4356 09/18/2031 1,200,000 1,203,876
Kane-Pi4 Flt% 07jul16 0.0 07/07/2016 1,503,871 1,501,465
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 7.75 10/15/2021 950,000 955,641
DigitalGlobe, Inc., Term Loan, 1/31/20 3.75 01/31/2020 791,434 793,904
Griffon Corp., 5.25%, 3/1/22 5.25 03/01/2022 1,375,000 1,399,721
Capella Healthcare, Inc., 9.25%, 7/1/17 9.25 07/01/2017 200,000 213,157
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 4.25 07/03/2019 740,111 742,424
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 4.5 06/07/2020 1,432,087 1,441,038
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (144A) 4.5101 06/28/2016 250,000 250,525
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 300,000 211,859
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 4.25 06/03/2019 850,000 848,672
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 8.0 07/01/2019 1,520,000 821,729
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 500,000 482,464
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 3.5 03/28/2019 603,043 603,164
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 3.75 10/13/2021 1,458,286 1,463,438
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 4.87 03/10/2027 600,000 251,875
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 1.6862 10/19/2033 3,319,800 110,291
Catamaran Corp., 4.75%, 3/15/21 4.75 03/15/2021 1,125,000 1,262,695
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 5.1848 08/27/2029 1,500,000 1,522,124
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 5.5 12/20/2026 800,000 637,762
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 5.969 03/17/2049 300,000 311,596
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 4.0856 07/15/2031 705,000 704,014
Radio Systems Corp., 8.375%, 11/1/19 (144A) 8.375 11/01/2019 600,000 650,548
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 4.3682 05/23/2018 750,000 749,089
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/31/2020 292,369 290,541
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 150,000 147,781
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 5.25 04/08/2020 205,097 205,226
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 700,000 741,781
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 3.6225 07/28/2019 500,000 249,957
Altrl Zero% 30jun16 0.0 06/30/2016 2,501,147 1,451,666
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 4.0 04/27/2054 750,000 745,554
Vencore 1st Lien Dd L + 0% 19nov19 5.75 11/19/2019 14,052 14,153
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 4.0 10/03/2021 434,647 439,320
AECOM, 5.75%, 10/15/22 (144A) 5.75 10/15/2022 635,000 661,789
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 5.3041 07/10/2045 350,000 352,446
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 6.625 10/01/2022 1,075,000 1,129,672
Corsicanto, Ltd., 3.5%, 1/15/32 3.5 01/15/2032 750,000 794,063
DuPont Fabros Technology LP, 5.875%, 9/15/21 5.875 09/15/2021 1,000,000 1,052,240
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 3.6856 01/15/2027 1,500,000 1,505,466
Sotheby's, 5.25%, 10/1/22 (144A) 5.25 10/01/2022 1,135,000 1,141,928
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 500,000 522,861
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 4.5051 12/06/2016 800,000 818,740
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 4.25 07/30/2020 381,492 373,099
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 500,000 426,646
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 5.0 08/16/2020 438,505 438,048
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 6.875 06/24/2019 1,105,000 1,070,515
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 4.0 04/23/2019 484,761 463,552
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 5.3 12/26/2059 200,000 206,698
Taylor Morrison Communities, Inc., 5.875%, 4/15/23 5.875 04/15/2023 1,000,000 1,020,931
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 3.5 08/17/2020 421,580 422,542
Old HB, Inc., Term B Loan, 4/9/20 6.75 04/09/2020 673,200 688,347
Kindred Healthcare, Inc., 6.375%, 4/15/22 6.375 04/15/2022 400,000 411,188
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 5.25 12/31/2049 1,000,000 1,056,746
ConvaTec, Inc., Dollar Term Loan, 12/22/16 4.0 12/22/2016 89,732 89,863
Bankrate, Inc., 6.125%, 8/15/18 (144A) 6.125 08/15/2018 1,150,000 1,147,544
Compass Re II, Ltd., Floating Rate Note, 12/8/15 (Cat Bond) (144A) 0.0 12/08/2015 250,000 237,500
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 2.7697 11/15/2029 500,000 464,252
Protection One, Inc., Term Loan (2012), 3/21/19 4.25 03/21/2019 494,915 497,076
Charter Communications Operating LLC, Term F Loan, 12/31/20 3.0 12/31/2020 491,250 488,706
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 1,500,000 1,523,938
CCO Holdings LLC, 6.625%, 1/31/22 6.625 01/31/2022 600,000 651,500
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 6.75 12/31/2049 750,000 851,906
Envision Healthcare Corp., Initial Term Loan, 5/25/18 4.0 05/25/2018 293,143 294,120
Darling Ingredients, Inc., 5.375%, 1/15/22 5.375 01/15/2022 1,060,000 1,087,991
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 7.25 04/01/2019 250,000 259,220
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 5.8965 06/11/2040 2,000,000 2,076,104
PPL Capital Funding, Inc., 5.9%, 4/30/73 5.9 04/30/2073 25,000 643,250
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.5 05/04/2018 390,204 393,537
JMC Steel Group, Inc., Term Loan, 4/1/17 4.75 04/01/2017 390,993 390,830
GAHR Commercial Mortgage Trust 2015-NRF, Floating Rate Note, 12/15/34 (144A) 3.3822 12/15/2034 820,000 784,369
US Bancorp, Floating Rate Note (Perpetual) 6.0 12/31/2049 6,753 181,926
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 3.875 09/25/2018 246,869 240,265
Axiall Corp., 4.875%, 5/15/23 4.875 05/15/2023 1,405,000 1,386,779
Springs Industries, Inc., 6.25%, 6/1/21 6.25 06/01/2021 400,000 406,431
17079z Zero% 31mar18 0.0 03/31/2018 250,000 252,825
Oasis Petroleum, Inc., 6.875%, 3/15/22 6.875 03/15/2022 18,000 18,663
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 7.25 05/01/2019 400,000 415,336
Frontier Communications Corp., 7.625%, 4/15/24 7.625 04/15/2024 250,000 243,008
Lennar Corp., 4.5%, 6/15/19 4.5 06/15/2019 675,000 705,797
Tenet Healthcare Corp., 4.375%, 10/1/21 4.375 10/01/2021 1,480,000 1,477,199
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/03/2019 94,831 95,234
Cenveo Corp., 6.0%, 8/1/19 (144A) 6.0 08/01/2019 1,210,000 1,173,498
Citigroup Capital XIII, Floating Rate Note, 10/30/40 7.875 10/30/2040 41,110 1,068,449
Seadrill Operating LP, Initial Term Loan, 2/14/21 4.0 02/14/2021 839,375 691,610
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 3.25 01/14/2018 156,705 156,754
Verizon Communications, Inc., 6.55%, 9/15/43 6.55 09/15/2043 576,000 707,518
Belden, Inc., 5.5%, 4/15/23 5.5 04/15/2023 300,000 349,528
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 0.0   100,000 91,074
Altrl Zero% 30jun17 0.0 06/30/2017 1,000,000 1,024,700
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 4.5 04/15/2023 1,940,000 1,942,361
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 4.5 06/01/2041 2,749,325 837,465
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 1,000,000 1,051,094
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 481,000 507,856
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 5.5 10/18/2020 543,125 544,143
Fannie Mae, 4.0%, 9/1/43 4.0 09/01/2043 528,373 515,596
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 4.25 11/28/2018 317,100 317,100
MedAssets, Inc., Term B Loan, 12/13/19 4.0 12/13/2019 323,000 323,404
The Ryland Group, Inc., 0.25%, 6/1/19 0.25 06/01/2019 1,000,000 957,493
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 6.5 02/24/2021 525,000 620,484
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 3.686 12/15/2028 1,100,000 1,101,923
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 5.5 06/11/2021 1,712,063 1,721,736
Nord Anglia Education Finance Llc 1st Lien Tl-B L + 3.5% 21mar21 4.5 03/21/2021 997,481 1,001,845
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 12/12/2017 24,833 20,487
Wastequip LLC, Term Loan, 8/9/19 5.5 08/09/2019 481,567 481,366
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 8.625 06/15/2019 678,498 750,270
Halcon Resources Corp.     174,556 183,284
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 6.407 08/28/2037 1,288,834 46,212
ONEOK, Inc., 6.875%, 9/30/28 6.875 09/30/2028 1,450,000 1,661,725
Gibraltar Industries, Inc., 6.25%, 2/1/21 6.25 02/01/2021 1,000,000 1,053,160
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 8.75 12/15/2019 750,000 785,703
West Corp., Term B-10 Loan, 6/30/18 3.25 06/30/2018 366,334 366,563
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 3.0 07/15/2021 1,500,000 965,386
Ziggo Bv Us 1st Lien Tl-B2 L + 2.75% 15jan22 3.5 01/15/2022 357,447 356,710
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 2.6854 01/21/2017 104,470 104,361
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 770,000 759,330
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 5.5 05/20/2021 1,360,000 1,369,728
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 2.7576 01/15/2017 250,000 254,662
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 3.5 06/08/2020 531,924 531,633
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 3.5803 08/15/2031 1,400,000 1,390,619
SRAM LLC, Term Loan (First Lien), 4/10/20 4.0307 04/10/2020 641,868 642,129
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 6.75 08/29/2049 2,360,000 2,625,058
NBTY, Inc., Term B-2 Loan, 10/1/17 3.5 10/01/2017 750,000 746,719
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 3.0 11/23/2016 520,625 520,544
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 50,601 36,243
CHS, Incremental 2019 Term G Loan, 12/31/19   12/31/2019 121,040 121,235
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 11.0 03/31/2021 79,000 77,659
SandRidge Energy, Inc.     14,179 17,298
Monitronics International, Inc., Term B Loan (2013), 3/23/18 4.25 03/23/2018 249,779 250,559
Bank of America Corp., Floating Rate Note, 10/23/49 6.5 10/23/2049 800,000 851,344
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 705,000 778,281
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 600,000 605,564
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 11.8349 11/10/2016 500,000 522,173
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 6.0 06/15/2017 300,000 311,250
Summit Midstream Holdings LLC, 7.5%, 7/1/21 7.5 07/01/2021 1,030,000 1,108,323
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.0101 03/16/2016 250,000 261,263
RCMC LLC, 5.62346%, 12/17/18 (144A) 5.6235 12/17/2018 250,000 119,039
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 930,000 923,267
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 4.2601 04/18/2017 250,000 245,044
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 6.375 05/15/2043 1,000,000 850,156
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 6.75 09/25/2034 300,000 56,164
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 3.5 05/14/2020 294,750 294,566
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 9.25 06/01/2020 1,000,000 927,215
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 4.25 05/09/2020 400,000 394,504
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 725,000 716,411
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 5.5 02/01/2043 1,500,000 1,631,191
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 300,000 316,866
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 7.2601 07/15/2032 105,000 4,501
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 6.5 06/03/2020 0 0
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 2.0731 10/25/2033 23,000,000 143,384
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 5.0 04/18/2019 712,313 708,306
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 100,000 108,630
14112z Zero% 01feb19 0.0 02/01/2019 2,000,000 2,113,400
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 6.95 10/17/2022 300,000 286,590
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/34 (144A) 0.3548 06/25/2034 9,809,888 267,914
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, 3.475%, 8/28/44 (Step) (144A) 3.475 08/28/2044 460,000 342,994
Atlantic Power LP, Term Loan, 2/20/21 4.75 02/20/2021 1,416,712 1,423,796
Alkermes, Inc., 2019 Term Loan, 9/25/19 3.5 09/25/2019 686,184 687,470
Fannie Mae, 4.5%, 9/1/40 4.5 09/01/2040 2,868,485 895,075
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 1,285,000 590,417
Univar, Inc., Term B Loan, 6/30/17 5.0 06/30/2017 265,133 265,257
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21 4.75 10/20/2021 329,489 331,240
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 490,000 529,038
Leaf Receivables Funding 10 LLC, 5.21%, 7/15/21 (144A) 5.21 07/15/2021 750,000 746,395
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 7.373 12/15/2015 250,000 52,565
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 4.036 05/25/2045 175,000 180,844
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 2.85 05/15/2024 1,000,000 234,423
American Airlines Inc 1st Lien Tl-B L + 3% 10oct21 3.75 10/10/2021 175,000 175,788
Fly Leasing, Ltd., 6.375%, 10/15/21 6.375 10/15/2021 1,375,000 1,399,707
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 4.0 04/23/2020 302,308 304,260
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 9.5 06/24/2019 117,320 93,823
Citadel Plastics Holdings Inc 1st Lien Tlb L + 4.25% 05nov20 5.25 11/05/2020 366,083 366,540
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 1,000,000 957,083
Genpact International, Inc., Term Loan, 8/30/19 3.5 08/30/2019 319,193 320,151
Numericable-SFR SAS, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 850,000 872,313
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 6.45 05/01/2036 300,000 356,852
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 5.2187 02/13/2046 500,000 523,954
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 7.25 05/01/2022 600,000 584,004
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 4.5 05/02/2016 19,522 19,473
JPMorgan Chase & Co., 1.0%, 9/20/17 5.0 12/20/2017 250,000 29,359
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 27,750 723,165
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 6.75 06/15/2021 1,000,000 980,938
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 470,000 474,357
Bank of America Corp., Floating Rate Note, 9/29/49 6.25 09/29/2049 925,000 955,994
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 7.506 12/31/2049 355,000 383,808
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 3.0 05/03/2020 525,638 520,792
TMS International Corp., Term B Loan, 10/2/20 4.5 10/02/2020 575,000 576,438
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 825,000 877,680
AT&T, Inc., 3.9%, 3/11/24 3.9 03/11/2024 2,000,000 2,079,490
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 6.8551 04/07/2020 1,000,000 1,023,617
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 6.0 07/08/2019 500,000 508,708
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 7.5043 03/01/2022 200,000 206,210

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

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