Pioneer Investments: Pioneer Dynamic Credit Fund


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Pioneer Dynamic Credit Fund

Monthly Portfolio Holdings as of 12/31/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 5.8754 04/15/2045 1,400,000 1,401,004
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 5.75 11/19/2019 211,402 210,874
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 4.2766 01/25/2035 1,100,000 118,672
Kane Flt% 30jul16   07/30/2016 805,000 878,738
Telenet Finance III Luxembourg SCA, 6.625%, 2/15/21 (144A) 6.625 02/15/2021 200,000 262,912
Hologic, Inc., Refinancing Tranche B Term Loan, 8/1/19 3.25 08/01/2019 248,132 247,279
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 5.875 06/24/2019 405,000 410,525
BlueScope Steel Finance, Ltd., 7.125%, 5/1/18 (144A) 7.125 05/01/2018 730,000 764,219
JPMorgan Chase & Co., 1.0%, 9/20/17 500.0 12/20/2017 250,000 30,010
Fannie Mae, 0.5%, 12/15/33 0.5 12/15/2033 1,265,000 1,198,869
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 6.7525 05/23/2019 172,375 171,944
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125 12/31/2049 63,000 1,708,560
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 8.133 09/24/2073 1,190,000 1,409,943
MGM Resorts International, Term B Loan, 12/20/19 3.5 12/20/2019 264,600 258,812
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 7.75 01/31/2023 400,000 405,003
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 5.125 10/01/2021 1,430,000 1,479,613
Advantage Sales & Marketing Inc 1st Lien Dd L + 3.25% 21jul21 4.25 07/21/2021 15,491 15,360
SRAM LLC, Term Loan (First Lien), 4/10/20 4.0125 04/10/2020 653,188 633,320
Jan15 Vix C @ 15   01/21/2015 1,350 465,750
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 1,671,000 405,258
Brocade Communications Systems, Inc., 4.625%, 1/15/23 4.625 01/15/2023 1,415,000 1,388,577
Altrl Zero% 30jun17 0.0 06/30/2017 400,000 400,000
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 4.0 04/23/2019 484,761 471,026
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 1.2551 01/23/2021 172,782 172,134
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 4.25 11/20/2028 1,750,000 1,113,963
Wells Fargo Commercial Mortgage Trust, 4.0%, 11/18/43 (144A) 4.0 11/18/2043 100,000 88,271
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.0375 03/16/2016 250,000 266,425
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 4.25 05/09/2020 400,000 392,833
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 1.4617 12/10/2035 6,760,000 1,185,351
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 3.7703 04/24/2017 600,000 603,610
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.5051 04/09/2015 1,000,000 1,012,961
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 5.875 09/15/2022 1,235,000 1,268,512
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 3.79 01/10/2031 1,000,000 966,672
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 5.125 07/15/2024 1,360,000 1,425,535
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/8/31 (144A) 4.908 05/08/2031 300,000 298,247
Frontier Communications Corp., 7.625%, 4/15/24 7.625 04/15/2024 250,000 261,524
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 8.75 05/15/2018 750,000 941,886
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 5.918 09/25/2036 189,000 170,635
SAFENET, INC., Term Loan (First Lien), 2/28/20 5.5 02/28/2020 932,315 927,653
Epiq Systems, Inc., Term Loan, 8/27/20 4.25 08/27/2020 592,500 590,278
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 3.5038 03/18/2020 102,147 100,871
Brown Shoe Co, Inc., 7.125%, 5/15/19 7.125 05/15/2019 750,000 790,578
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 470,000 468,238
RTI International Metals, Inc., 1.625%, 10/15/19 1.625 10/15/2019 385,000 375,493
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 5.7707 03/17/2049 300,000 313,473
Marfrig Holding Europe BV, 8.375%, 5/9/18 (144A) 8.375 05/09/2018 200,000 199,419
Ferrexpo Finance Plc, 7.875%, 4/7/16 (144A) 7.875 04/07/2016 300,000 233,513
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 4.25 09/30/2020 248,750 241,443
Ukraine Government International Bond, 7.5%, 4/17/23 (144A) 7.5 04/17/2023 200,000 121,083
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 9.0 01/29/2019 340,000 359,380
Masco Corp., 7.125%, 3/15/20 7.125 03/15/2020 135,000 158,757
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 4.5 01/24/2021 114,138 113,709
AXA SA, 8.6%, 12/15/30 8.6 12/15/2030 250,000 340,588
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 3.0806 07/15/2023 750,000 721,910
The Ryland Group, Inc., 0.25%, 6/1/19 0.25 06/01/2019 1,000,000 925,833
Navistar International Corp., 8.25%, 11/1/21 8.25 11/01/2021 1,075,000 1,075,000
Kane Flt% 14jul15 0.0 07/14/2015 713,104 692,567
Gates Global Llc 1st Lien Tl-B L + 3.25% 12jun21 4.25 06/12/2021 623,438 607,963
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 3.75 07/31/2019 124,031 123,682
Air Medical Group Holdings, Inc., B-1 Term Loan, 6/30/18 5.0 06/30/2018 247,919 248,229
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 12/12/2017 26,383 25,591
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 8.625 12/31/2049 450,000 441,272
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 6.5 05/15/2021 425,000 432,780
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 6.0 08/17/2019 321,750 321,197
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 3.412 09/18/2031 1,200,000 1,152,482
Advantage Sales & Marketing Inc 1st Lien Tl-B L + 3.25% 11jul21 4.25 07/11/2021 464,730 460,809
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 4.5 02/21/2021 918,063 897,406
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 6.5 06/03/2020 902,606 889,066
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 5.125 07/15/2019 2,380,000 2,408,188
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 8.75 02/01/2016 272,000 281,917
Generac Power Systems, Inc., Term Loan B, 5/31/20 3.25 05/31/2020 662,400 642,528
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 4.0 02/01/2019 1,455,000 1,259,181
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 3.1679 07/15/2031 705,000 702,213
Kenya Government International Bond, 6.875%, 6/24/24 (144A) 6.875 06/24/2024 875,000 917,732
Linn Energy LLC, 6.5%, 5/15/19 6.5 05/15/2019 800,000 690,644
Kindred Healthcare Inc Bridge L + 6% 09oct15 7.0 10/09/2015 3,440,000 3,440,000
TransDigm, Inc., Tranche C Term Loan, 2/28/20 3.75 02/28/2020 295,477 290,922
Empresas ICA SAB de CV, 8.375%, 7/24/17 (144A) 8.375 07/24/2017 150,000 153,979
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 29,032 5,622
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 10.75 12/01/2020 208,000 181,527
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 330,000 362,111
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 5.5 02/20/2021 223,875 224,435
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 7.25 04/01/2019 250,000 265,469
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 3.0 07/15/2021 1,500,000 1,228,235
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 5.632 10/15/2048 1,500,000 1,540,537
On Assignment, Inc., Initial Term B Loan, 5/15/20 3.5 05/15/2020 367,182 363,051
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 4.456 09/27/2032 360,000 12,516
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 7.25 04/03/2024 2,600,000 2,600,578
T-Mobile USA, Inc., 6.0%, 3/1/23 6.0 03/01/2023 400,000 408,733
Garda World Security Corp., Term B Loan, 11/1/20 4.0 11/01/2020 204,873 200,520
The Williams Companies, Inc., 7.75%, 6/15/31 7.75 06/15/2031 100,000 107,437
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 5.0 06/15/2044 300,000 322,920
Dtz Us Borrower Llc 1st Lien Dd L + 4.5% 28oct21 5.5 10/28/2021 620,672 621,060
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 6.407 08/28/2037 1,288,834 71,477
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5221 04/10/2038 700,000 722,632
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 5.75 10/07/2020 1,250,000 1,243,750
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 5.25 12/31/2049 1,500,000 1,570,750
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 5.25 10/06/2019 1,450,000 1,438,974
Akorn, Inc., Loan, 11/13/20 4.5 11/13/2020 691,853 687,529
Old HB, Inc., Term B Loan, 4/9/20 6.75 04/09/2020 674,900 688,398
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 1,610,000 1,541,586
ACA CLO 2006-2, Ltd., Floating Rate Note, 1/20/21 (144A) 0.9508 01/20/2021 500,000 492,301
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 3.53 05/05/2017 1,000,000 1,002,644
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 5.0 10/15/2021 84,291 85,134
SolarCity Corp., 1.625%, 11/1/19 (144A) 1.625 11/01/2019 1,345,000 1,221,069
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 10.7542 04/10/2015 650,000 674,371
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 5.875 02/15/2019 600,000 581,817
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 6.41 10/22/2018 250,000 253,839
Emdeon, Inc., Term B-2 Loan, 11/2/18 3.75 11/02/2018 775,912 763,949
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 4.5 06/19/2021 947,625 939,926
DuPont Fabros Technology LP, 5.875%, 9/15/21 5.875 09/15/2021 2,000,000 2,072,097
CenturyLink, Inc., 7.6%, 9/15/39 7.6 09/15/2039 150,000 151,857
Ensco Plc, 5.75%, 10/1/44 5.75 10/01/2044 3,950,000 4,021,347
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 7.35 07/15/2032 105,000 12,233
Theravance, Inc., 2.125%, 1/15/23 2.125 01/15/2023 500,000 391,774
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.7652 12/06/2016 600,000 617,420
Immucor, Inc., Term B-2 Loan, 8/19/18 5.0 08/19/2018 441,491 437,628
New World Resources NV, 4.0%, 10/7/20 (PIK) 4.0 10/07/2020 67,741 33,353
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 355,000 228,088
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 6.3333 09/10/2047 160,000 143,304
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 665,000 601,756
Foresight Energy LLC, Term Loan, 8/21/20 5.5 08/21/2020 249,073 245,960
American Airlines Inc 1st Lien Tl-B L + 3.5% 08oct21 4.25 10/08/2021 175,000 175,438
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 4.0161 12/13/2019 696,647 648,608
US Bancorp, Floating Rate Note (Perpetual) 6.5 12/31/2049 10,966 322,949
PQ Corp., 2014 Term Loan, 8/7/17 4.0 08/07/2017 686,000 673,652
JLL, Initial Dollar Term Loan, 1/23/21 4.2531 01/23/2021 447,750 435,857
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 5.9501 05/15/2046 1,813,000 1,883,693
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 6.8652 04/07/2020 1,000,000 1,058,796
Griffon Corp., 5.25%, 3/1/22 5.25 03/01/2022 1,875,000 1,788,281
CHS, 6.875%, 2/1/22 6.875 02/01/2022 1,495,000 1,626,591
MasTec, Inc., 4.875%, 3/15/23 4.875 03/15/2023 1,050,000 1,002,072
Navistar, Inc., Tranche B Term Loan, 8/17/17 5.75 08/17/2017 120,000 119,700
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 3.5 08/17/2020 422,650 417,895
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 6.41 11/17/2025 139,000 138,884
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 4.4 04/15/2019 150,000 152,184
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 3.0 04/29/2020 172,960 168,117
Microsemi Corp., Term Loan (2014), 3/14/21 3.25 03/14/2021 175,289 172,353
Summit Midstream Holdings LLC, 7.5%, 7/1/21 7.5 07/01/2021 1,030,000 1,120,125
Blackstone Holdings Finance Co LLC, 4.75%, 2/15/23 (144A) 4.75 02/15/2023 250,000 276,302
McKesson Corp., 4.883%, 3/15/44 4.883 03/15/2044 3,825,000 4,268,500
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 19,180 18,989
SBP HOLDINGS, Ltd., Term Loan (First Lien), 3/24/21 5.0 03/24/2021 447,750 420,885
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 6.75 07/15/2021 2,005,000 2,062,393
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 7/25/34 2.4567 07/25/2034 406,549 63,341
Wastequip LLC, Term Loan, 8/9/19 5.5 08/09/2019 492,500 490,653
SunPower Corp., 0.875%, 6/1/21 (144A) 0.875 06/01/2021 2,000,000 1,801,458
Bank of America Corp., 6.11%, 1/29/37 6.11 01/29/2037 625,000 754,095
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 5.273 12/11/2038 2,642,507 2,688,960
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 5.9897 02/10/2051 1,250,000 1,265,681
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 7.373 12/15/2015 250,000 52,680
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 4.0 04/23/2020 303,077 300,046
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 4.25 12/20/2019 489,793 483,518
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 7.25 06/01/2020 525,000 486,172
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 9.875 02/01/2020 300,000 325,844
Talos Production LLC, 9.75%, 2/15/18 (144A) 9.75 02/15/2018 420,000 397,670
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 3.0 05/03/2020 526,975 510,836
Offshore Group Investment, Ltd., 7.5%, 11/1/19 7.5 11/01/2019 390,000 295,425
Monitronics International, Inc., Term B Loan (2013), 3/23/18 4.25 03/23/2018 555,684 550,127
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6.75 10/01/2020 380,000 292,629
Sprint Corp., 7.125%, 6/15/24 7.125 06/15/2024 1,725,000 1,609,713
Hearthside Group Holdings Llc 1st Lien Tl L + 3.5% 24apr21 4.5 04/24/2021 248,750 248,128
Si Organization Inc 1st Lien Dd L + 0% 19nov19 5.75 11/19/2019 14,052 14,017
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 1/21/20 (144A) 0.0 01/21/2020 200,000 56,944
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 14,300 942,013
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 3.2351 04/01/2021 99,250 98,059
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 7.78 03/25/2027 5,850,000 261,201
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 7.5043 03/01/2022 200,000 167,003
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 400,000 495,720
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 6.75 03/15/2023 700,000 703,789
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 2,500,000 718,583
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 3.4944 06/25/2046 1,000,000 937,809
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 595,000 454,485
IASIS Healthcare LLC, Term B-2 Loan, 5/3/18 4.5 05/03/2018 192,570 191,126
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 3.75 12/12/2019 165,030 164,514
Brit Insurance Holdings BV, Floating Rate Note, 12/9/30 6.625 12/09/2030 850,000 1,353,452
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 2.5101 01/07/2019 250,000 250,472
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 6.0 07/25/2034 500,000 100,669
SandRidge Energy, Inc., 7.0% (Perpetual) 7.0 12/31/2049 7,500 415,313
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 4.625 05/15/2023 1,330,000 1,251,410
Swift Transportation Co Llc 1st Lien Tl-B L + 3% 09jun21 3.75 06/09/2021 168,707 166,936
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 5.0 04/18/2019 714,125 692,701
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 3.555 08/15/2031 1,400,000 1,390,411
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 5.75 02/01/2023 980,000 799,714
Par Pharmaceutical Companies, Inc., Term B-2 Loan, 9/28/19 4.0 09/28/2019 882,516 863,028
Sabre GLBL, Inc., Term B Loan, 2/19/19 4.0 02/19/2019 1,690,366 1,668,180
Bank of America Corp., 7.75%, 5/14/38 7.75 05/14/2038 200,000 284,484
Advanced Micro Devices, Inc., 7.5%, 8/15/22 7.5 08/15/2022 445,000 413,108
Avis Budget Finance Plc, 6.0%, 3/1/21 (144A) 6.0 03/01/2021 150,000 194,299
Verizon Communications, Inc., 6.55%, 9/15/43 6.55 09/15/2043 576,000 749,051
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 5.0 08/16/2020 443,087 442,810
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 4.125 03/15/2018 150,000 87,322
Berkeley-Kane Flt% 12jun15   06/12/2015 1,004,200 1,037,539
JPMorgan Chase & Co., 4.35%, 8/15/21 4.35 08/15/2021 200,000 220,622
Gold Fields Orogen Holdings BVI, Ltd., 4.875%, 10/7/20 (144A) 4.875 10/07/2020 400,000 340,550
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 7.75 10/15/2021 1,450,000 1,473,724
EV Energy Partners LP, 8.0%, 4/15/19 8.0 04/15/2019 675,000 585,150
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 1,815,000 1,887,323
NRG Energy, Inc., 8.25%, 9/1/20 8.25 09/01/2020 200,000 219,000
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 6.625 12/01/2021 1,300,000 1,066,677
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 4.2703 04/18/2017 250,000 251,593
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,150,000 1,163,936
RCMC LLC, 5.62346%, 12/17/18 (144A) 5.6235 12/17/2018 250,000 125,311
Legg Mason, Inc., 5.625%, 1/15/44 5.625 01/15/2044 500,000 584,897
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 556,073 550,512
COMM 2012-CCRE4 Mortgage Trust, Floating Rate Note, 10/17/45 (144A) 4.5756 10/17/2045 303,000 303,500
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 5.38 07/15/2020 700,000 714,651
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 4.125 01/31/2019 269,347 269,235
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 6.75 08/29/2049 2,360,000 2,556,175
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 800,000 177,804
MedAssets, Inc., 8.0%, 11/15/18 8.0 11/15/2018 175,000 183,789
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7601 04/30/2018 650,000 670,565
LifePoint Hospitals, Inc., 5.5%, 12/1/21 5.5 12/01/2021 700,000 718,958
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 7.5 12/15/2021 1,360,000 738,933
West Corp., Term B-10 Loan, 6/30/18 3.25 06/30/2018 366,334 359,923
Burger King Corp 1st Lien Tl-B L + 3.5% 25sep21 4.5 09/25/2021 365,000 365,163
Lennar Corp., 4.75%, 11/15/22 4.75 11/15/2022 450,000 443,731
Tenet Healthcare Corp., 4.375%, 10/1/21 4.375 10/01/2021 1,480,000 1,501,275
Duff & Phelps LLC, Initial Term Loan, 4/23/20 4.5 04/23/2020 620,556 614,350
Advanced Micro Devices, Inc., 7.0%, 7/1/24 7.0 07/01/2024 500,000 442,708
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 3.75 07/02/2021 203,254 199,866
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (Cat Bond) (144A) 4.0203 06/28/2016 750,000 766,917
Samson Investment Co., 9.75%, 2/15/20 9.75 02/15/2020 390,000 175,971
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 3.6608 12/15/2028 1,100,000 1,101,643
Government National Mortgage Association REMICS, Floating Rate Note, 11/16/54 1.0377 11/16/2054 3,400,000 310,815
AES Corp. Virginia, 5.5%, 3/15/24 5.5 03/15/2024 1,500,000 1,546,492
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 6.0 06/11/2021 1,716,375 1,716,375
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 5.377 12/10/2046 2,000,000 2,045,148
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 5.4585 07/12/2044 113,538 128,003
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 692,457 685,532
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 250,000 258,167
JobsOhio Beverage System, 4.532%, 1/1/35 4.532 01/01/2035 75,000 83,209
Windstream Corp., Tranche B-4 Term Loan, 1/23/20 3.5 01/23/2020 196,993 195,084
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 5.227 09/20/2019 1,499,000 1,501,394
Citicorp Residential Mortgage Trust Series 2006-2, 5.948%, 9/25/36 (Step) 5.948 09/25/2036 1,900,000 929,103
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 1.1695 01/25/2035 7,450,000 1,115,829
Elior Finance & Co SCA, 6.5%, 5/1/20 (144A) 6.5 05/01/2020 900,000 778,472
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 6.3853 10/15/2019 1,850,000 1,859,478
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 7.5 09/15/2020 650,000 638,354
Fannie Mae, 4.0%, 5/1/44 4.0 05/01/2044 1,445,896 1,405,831
Towergate Finance Plc, 8.5%, 2/15/18 (144A) 8.5 02/15/2018 340,000 486,585
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 9.25 06/01/2021 800,000 406,167
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 5.55 10/28/2020 500,000 457,856
GTP Acquisition Partners I LLC, 7.628%, 6/15/41 (144A) 7.628 06/15/2041 500,000 525,049
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 5.5 10/28/2021 1,041,842 1,042,493
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 5.625 06/21/2018 900,000 952,706
Nordea Bank AB, 4.25%, 9/21/22 (144A) 4.25 09/21/2022 250,000 262,533
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 250,000 25,234
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 3.75 06/03/2020 215,550 209,420
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 5.5343 12/15/2044 1,600,000 1,634,591
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 6.875 06/24/2019 1,605,000 1,494,796
TAL Advantage V LLC, 3.97%, 5/20/39 (144A) 3.97 05/20/2039 1,000,000 924,905
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 3.7502 06/01/2018 21,259 20,728
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 9.5 05/04/2020 100,000 102,504
Fannie Mae, 4.5%, 6/1/44 4.5 06/01/2044 8,396,974 8,418,884
Catamaran Corp., 4.75%, 3/15/21 4.75 03/15/2021 1,125,000 1,140,734
JLL, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 705,000 737,606
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 9.25 06/01/2020 1,000,000 1,042,708
NEP, Amendment No. 3 Incremental Term Loan (First Lien), 1/22/20 4.25 01/22/2020 444,646 438,717
Protection One, Inc., Term Loan (2012), 3/21/19 4.25 03/21/2019 496,186 493,085
VOLT XXIII LLC, 4.75%, 11/25/53 (Step) 4.75 11/25/2053 2,000,000 1,995,885
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 6.0 07/08/2019 500,000 510,042
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 4.25 06/24/2019 492,483 484,890
Firstar Realty LLC, 8.875% (Perpetual) (144A) 8.875 12/31/2049 400 489,125
AT&T, Inc., 3.9%, 3/11/24 3.9 03/11/2024 3,500,000 3,638,532
Calpine Corp., Term Loan (10/12), 10/9/19 4.0 10/09/2019 440,365 435,686
Lorillard Tobacco Co., 3.75%, 5/20/23 3.75 05/20/2023 175,000 174,081
CHS, 2021 Term D Loan, 1/27/21 4.25 01/27/2021 344,622 344,383
Kronos, Inc., Incremental Term Loan (First Lien), 10/30/19 4.5 10/30/2019 246,573 245,341
Credit Suisse First Boston Mortgage Securities Corp., 4.877%, 4/15/37 4.877 04/15/2037 1,500,000 1,509,896
Energy XXI, Ltd., 3.0%, 12/15/18 3.0 12/15/2018 1,665,000 491,197
WMG Acquisition Corp., 6.0%, 1/15/21 (144A) 6.0 01/15/2021 171,000 175,731
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 1,225,000 1,154,563
Belden, Inc., 5.5%, 4/15/23 (144A) 5.5 04/15/2023 300,000 380,940
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 5.95 12/31/2049 25,000 631,500
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.6695 02/25/2035 3,432,000 565,147
Wells Fargo & Co., 7.5% (Perpetual) 7.5 12/31/2049 1,050 1,273,120
Anthem, Inc., 2.75%, 10/15/42 2.75 10/15/2042 300,000 518,117
Outerwall, Inc., 6.0%, 3/15/19 6.0 03/15/2019 435,000 436,160
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 4.0 07/09/2018 1,250,000 1,261,007
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 6.0 08/09/2017 250,000 282,292
MetLife, Inc., 6.4%, 12/15/66 6.4 12/15/2066 300,000 335,353
Kane-Pi4 Zero% 18jul16 0.0 07/18/2016 1,505,000 1,686,654
Monty Parent Issuer 1 LLC, 3.47%, 11/20/28 (144A) 3.47 11/20/2028 1,750,000 644,708
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 2.748 11/15/2029 500,000 446,239
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 900,000 949,488
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 5.5 12/15/2053 750,000 608,887
MedAssets, Inc., Term B Loan, 12/13/19 4.0 12/13/2019 330,801 329,246
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 6.375 10/01/2020 650,000 696,109
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21   10/20/2021 330,315 331,038
Apex Tool Group LLC, Term Loan, 1/31/20 4.5 01/31/2020 638,994 621,422
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 2.875 01/15/2021 1,470,000 1,672,319
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 4.25 01/29/2021 595,500 579,124
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 4.25 04/30/2028 300,000 291,660
Sealy Corp., 8.0%, 7/15/16 (PIK) 8.0 07/15/2016 13,100 1,038,175
Post Holdings, Inc., 2.5% (Perpetual) (144A) 2.5 12/31/2049 11,800 994,888
Enel Finance International NV, 5.125%, 10/7/19 (144A) 5.125 10/07/2019 150,000 167,536
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 11/29/2019 98,939 99,125
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 8.5 10/15/2022 1,240,000 1,364,551
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 8.0 07/01/2019 1,520,000 585,707
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 8.25 03/15/2018 620,000 604,061
Interline Brands, Inc., Term Loan (First Lien), 3/12/21 4.0 03/12/2021 248,125 239,751
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 555,000 508,064
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 700,000 697,885
Gannett Co, Inc., 6.375%, 10/15/23 6.375 10/15/2023 1,620,000 1,739,003
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 5.444 06/25/2033 1,749,811 337,446
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 5.1608 03/15/2018 1,300,000 1,304,208
Bayview Commercial Asset Trust 2005-2, Floating Rate Note, 8/25/35 (144A) 0.4795 08/25/2035 1,400,000 302,312
Covanta Holding Corp., 5.875%, 3/1/24 5.875 03/01/2024 1,130,000 1,171,904
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 4.0 06/07/2020 1,435,731 1,410,161
Range Resources Corp., 5.0%, 3/15/23 5.0 03/15/2023 400,000 405,889
Amkor Technology, Inc., 6.375%, 10/1/22 6.375 10/01/2022 285,000 279,567
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9588 05/15/2046 220,000 189,641
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 5.1291 10/12/2042 1,500,000 1,508,894
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 0.8608 06/15/2033 2,500,000 675,307
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 4.4511 02/21/2049 1,200,000 1,206,083
Verizon Communications, Inc., 4.15%, 3/15/24 4.15 03/15/2024 2,500,000 2,618,634
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 5.0 02/15/2018 762,669 718,180
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 3.608 05/08/2031 530,000 532,376
Xerium Technologies, Inc., 8.875%, 6/15/18 8.875 06/15/2018 798,000 841,546
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 4.6655 10/20/2020 600,000 584,976
ONEOK, Inc., 6.875%, 9/30/28 6.875 09/30/2028 1,450,000 1,672,379
Renfro Corp., Tranche B Term Loan, 1/30/19 5.75 01/30/2019 383,895 366,620
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 12.0101 03/12/2015 250,000 261,467
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 8.9 02/04/2021 500,000 498,171
Murray Energy Corp., 8.625%, 6/15/21 (144A) 8.625 06/15/2021 650,000 623,242
GTECH S.p.A., Floating Rate Note, 3/31/66 (144A) 8.25 03/31/2066 300,000 414,531
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 6.0 09/29/2020 575,000 566,375
Ciena Corp., 0.875%, 6/15/17 0.875 06/15/2017 1,000,000 991,014
Zebra Technologies Corp., 7.25%, 10/15/22 (144A) 7.25 10/15/2022 1,105,000 1,177,163
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 3.75 06/30/2019 289,851 286,349
Unifrax I LLC, 7.5%, 2/15/19 (144A) 7.5 02/15/2019 630,000 638,400
Corporate Office Properties LP, 3.6%, 5/15/23 3.6 05/15/2023 180,000 173,780
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 4.25 12/18/2019 916,433 907,269
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 5.625 04/17/2020 400,000 308,153
SandRidge Energy, Inc., 7.5%, 2/15/23 7.5 02/15/2023 700,000 460,833
County of York South Carolina, 5.7%, 1/1/24 5.7 01/01/2024 100,000 102,935
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 1,100,000 1,164,096
WireCo WorldGroup, Inc., Term Loan, 2/15/17 6.0 02/15/2017 48,412 48,503
Davita Healthcare Partners Inc 1st Lien Tl-B L + 2.75% 19jun21 3.5 06/19/2021 63,182 62,674
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 1,000,000 1,027,778
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/03/2019 94,831 94,080
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 6.35 06/07/2017 250,000 261,125
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 6.625 04/07/2021 500,000 584,931
Houghton Mifflin Harcourt Publishing Co., Term Loan, 5/22/18 4.25 05/22/2018 145,875 145,510
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 4.0 11/08/2020 52,409 51,296
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 3.75 06/30/2019 293,655 268,266
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 6.051 12/10/2049 1,600,000 1,682,086
NCR Corp., 6.375%, 12/15/23 6.375 12/15/2023 1,660,000 1,731,103
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 5.75 11/09/2018 788,347 786,705
KB Home, 8.0%, 3/15/20 8.0 03/15/2020 200,000 223,711
NCR Corp., 5.0%, 7/15/22 5.0 07/15/2022 685,000 683,668
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 100.0 12/20/2019 2,000,000 -190,607
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 6.25 08/15/2042 750,000 953,795
Floatel 1st Lien Tl-B L + 5% 22may20 6.0 05/22/2020 892,128 727,084
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 1,705,000 1,700,264
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 6.875 02/15/2019 1,350,000 1,344,563
Salix Pharmaceuticals, Ltd., 6.0%, 1/15/21 (144A) 6.0 01/15/2021 755,000 790,988
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 3.45 01/15/2023 2,500,000 2,437,213
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 6.75 11/23/2015 900,000 942,413
Mastr Specialized Loan Trust, Floating Rate Note, 10/25/34 5.5 10/25/2034 775,000 800,029
NBTY, Inc., Term B-2 Loan, 10/1/17 3.5 10/01/2017 750,000 730,313
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 5.78 03/16/2043 300,000 298,557
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 4.56 04/15/2020 450,000 468,192
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 3.9 01/15/2026 105,000 105,051
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 4.125 11/15/2026 500,000 483,424
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 4.0 04/23/2019 239,957 233,158
Darling Ingredients, Inc., 5.375%, 1/15/22 5.375 01/15/2022 1,060,000 1,070,372
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 7.25 05/01/2019 400,000 403,833
Copano Energy LLC, 7.125%, 4/1/21 7.125 04/01/2021 373,000 411,762
Charter Communications Operating LLC, Term F Loan, 12/31/20 3.0 12/31/2020 492,500 483,530
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 5.25 02/01/2021 865,000 840,672
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 4.0 07/26/2022 325,000 312,722
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 1,413,750 1,408,448
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 6.75 04/15/2021 345,000 308,516
InterGen NV, 7.0%, 6/30/23 (144A) 7.0 06/30/2023 1,050,000 997,704
EP Energy LLC, Tranche B-3 Loan, 5/24/18 3.5 05/24/2018 176,667 168,275
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 5.5531 04/10/2038 1,000,000 1,007,474
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 5.625 03/30/2043 2,115,000 2,476,235
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 3.75 01/30/2020 789,237 778,385
Steward Health Care System LLC, Term Loan, 4/10/20 6.75 04/10/2020 492,500 488,338
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 0.0   1,000,000 719,535
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 1,265,000 1,368,379
Fannie Mae, 4.5%, 9/1/40 4.5 09/01/2040 2,868,485 900,226
Quikrete Holdings, Inc., Initial Loan (First Lien), 9/26/20 4.0 09/26/2020 562,647 556,317
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 5.2318 02/13/2046 500,000 521,944
Landry's, Inc., B Term Loan, 4/24/18 4.0 04/24/2018 440,397 438,333
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 3.0 01/23/2021 480,163 478,362
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 2,020,000 1,501,084
Signode Industrial Group Us Inc 1st Lien Tl-B L + 3% 21mar21 4.0 03/21/2021 890,833 857,427
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, Floating Rate Note, 8/28/44 (144A) 3.721 08/28/2044 460,000 404,187
ATKORE INTERNATIONAL INC, Term Loan (First Lien), 3/27/21 4.5 03/27/2021 895,500 880,948
Wells Fargo & Co., Floating Rate Note (Perpetual) 7.98 12/31/2049 400,000 450,899
Wynn Las Vegas LLC, 4.25%, 5/30/23 (144A) 4.25 05/30/2023 205,000 195,500
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 9.31 07/20/2028 750,000 206,929
CHS, 8.0%, 11/15/19 8.0 11/15/2019 1,075,000 1,158,551
NANA Development Corp., 9.5%, 3/15/19 (144A) 9.5 03/15/2019 1,025,000 951,172
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 8.75 12/15/2019 750,000 792,292
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 1,300,000 1,219,445
Production Resource Group, Inc., 8.875%, 5/1/19 8.875 05/01/2019 100,000 74,979
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 7.875 04/15/2019 400,000 419,650
PARTY CITY HOLDINGS INC, 2014 Replacement Term Loan, 7/27/19 4.0 07/27/2019 929,973 911,373
Southern California Edison Co., Floating Rate Note (Perpetual) 6.25 12/31/2049 75,000 85,109
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 2.907 11/05/2030 1,900,000 1,876,563
Kane Zero% 07jan16 0.0 01/07/2016 1,050,525 1,050,525
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 5.25 04/08/2020 205,615 204,587
Motel 6 Trust, 4.2743%, 10/7/25 (144A) 4.2743 10/07/2025 1,327,000 1,304,860
AEP Industries, Inc., 8.25%, 4/15/19 8.25 04/15/2019 485,000 498,297
Springs Industries, Inc., 6.25%, 6/1/21 6.25 06/01/2021 400,000 400,083
VOLT XXIV LLC, 4.75%, 11/25/53 (Step) 4.75 11/25/2053 1,000,000 996,313
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5101 04/30/2018 350,000 357,385
Caraustar Industries, Inc., Term Loan, 5/1/19 7.5 05/01/2019 202,871 201,730
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 3.5 05/23/2019 612,563 602,149
Salix Pharmaceuticals, Ltd., Term Loan, 12/17/19 4.25 12/17/2019 166,250 164,743
American Airlines, Inc., Class B Term Loan, 6/27/19 3.75 06/27/2019 344,750 341,561
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 4.25 12/23/2036 1,800,000 852,445
Radio Systems Corp., 8.375%, 11/1/19 (144A) 8.375 11/01/2019 600,000 651,875
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 4.7 11/17/2025 350,000 349,428
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 3.75 09/28/2018 91,970 89,901
Morgan Stanley, 4.875%, 11/1/22 4.875 11/01/2022 250,000 267,551
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 4.25 05/15/2020 475,000 475,792
Advanced Micro Devices, Inc., 6.75%, 3/1/19 6.75 03/01/2019 1,095,000 1,053,938
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 3.75 07/11/2021 289,275 240,098
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 600,000 583,475
Cepheid, 1.25%, 2/1/21 (144A) 1.25 02/01/2021 545,000 604,042
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 5.214 02/11/2041 100,000 100,558
SUAM Finance BV, 4.875%, 4/17/24 (144A) 4.875 04/17/2024 500,000 505,010
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 5.75 01/16/2024 1,700,000 1,855,302
Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A) 7.25 04/01/2019 1,960,000 1,407,525
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 10.0 12/01/2022 800,000 741,889
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 4.0 10/03/2021 500,000 500,783
AECOM, 5.75%, 10/15/22 (144A) 5.75 10/15/2022 635,000 657,909
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 3.0 10/24/2019 443,216 445,801
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 4.5026 05/09/2017 243,694 238,820
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 3.75 06/10/2021 498,306 491,704
New Hampshire Health and Education Facilities Authority Act, 6.5%, 1/1/41 6.5 01/01/2041 150,000 178,688
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 5.7072 06/11/2040 2,000,000 2,059,152
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 5.658 03/15/2045 304,000 311,576
Ocwen Financial Corp., 6.625%, 5/15/19 (144A) 6.625 05/15/2019 1,450,000 1,339,025
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 7.5296 10/15/2036 30,000 31,499
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 4.0 03/28/2021 646,750 639,878
Sanchez Energy Corp., 7.75%, 6/15/21 7.75 06/15/2021 380,000 354,709
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 3.6225 07/28/2019 500,000 309,351
Cme: (Cdx.Na.Hy.23.V1) Usd 20dec19 Z91mw60e6 500.0 12/20/2019 -146,340,000 -9,356,758
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 4.25 07/01/2021 126,775 125,190
Citigroup, Inc., Floating Rate Note (Perpetual) 5.95 12/31/2049 640,000 646,372
NuVasive, Inc., 2.75%, 7/1/17 2.75 07/01/2017 622,000 799,270
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 3.5 05/14/2020 295,500 285,404
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 4.8575 08/17/2045 100,000 102,057
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 5.5 07/02/2020 495,000 490,050
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 4.25 10/01/2021 1,091,565 1,094,976
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 5.568 04/15/2047 1,200,000 1,228,145
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22 4.7 10/15/2022 500,000 520,069
CommScope Holding Co, Inc., 6.625%, 6/1/20 (144A) (PIK) 6.625 06/01/2020 1,150,000 1,190,849
DynCorp International, Inc., Term Loan, 7/7/16 6.25 07/07/2016 65,805 65,586
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 700,000 744,401
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 5.5 03/25/2034 212,565 71,983
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 8.25 10/19/2019 800,000 285,200
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 4.5 06/06/2019 992,424 966,373
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 11.265 01/08/2015 250,000 257,213
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 6.75 09/25/2034 300,000 60,931
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 600,000 477,183
Ziggo Bv 1st Lien Tl-B2 L + 2.75% 15jan22 3.5 01/15/2022 357,447 348,511
KB Home, 7.5%, 9/15/22 7.5 09/15/2022 500,000 541,042
Dole Food Co, Inc., Tranche B Term Loan, 10/25/18 4.5 10/25/2018 972,431 963,922
Brookfield Residential Properties, Inc., 6.125%, 7/1/22 (144A) 6.125 07/01/2022 280,000 299,775
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/17/28 (144A) 3.0501 04/17/2028 1,900,000 1,901,942
Rural, Term Loan, 6/30/18 8.0 06/30/2018 86,260 80,869
Hercules Offshore, Inc., 8.75%, 7/15/21 (144A) 8.75 07/15/2021 905,000 452,814
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 3.25 01/14/2018 157,102 156,055
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 2.0152 04/07/2017 500,000 500,983
Syncreon Group BV, Term Loan, 9/26/20 5.25 09/26/2020 696,482 679,070
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 550,000 565,324
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 5.0203 02/07/2017 1,000,000 1,005,052
Coveris Holdings SA, USD Term Loan, 4/14/19 5.25 04/14/2019 29,700 29,638
Kane Zero% 19feb16 0.0 02/19/2016 1,200,000 1,200,000
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 1,035,000 895,304
Bank of America Corp., Floating Rate Note, 9/29/49 6.25 09/29/2049 1,000,000 1,008,576
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 1,645,000 1,654,767
Cubist Pharmaceuticals, Inc. 1.875 09/01/2020 750,000 1,024,688
Republic of Ghana, 7.875%, 8/7/23 (144A) 7.875 08/07/2023 1,100,000 1,052,150
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 5.1583 07/10/2045 350,000 354,341
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 2.2 01/08/2019 500,000 500,619
Lennar Corp., 4.5%, 6/15/19 4.5 06/15/2019 1,175,000 1,177,350
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 4.5152 12/06/2016 800,000 827,440
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 3.2521 04/23/2020 925,965 911,496
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 6.0 04/21/2019 345,763 344,898
Arlington Flt% 01aug15 0.0 08/01/2015 600,000 648,840
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 5.3999 07/15/2044 2,500,000 2,528,980
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 6.875 11/01/2019 400,000 332,583
Bway Holding Co 1st Lien Tl-B L + 4.5% 08aug20 5.5545 08/08/2020 399,000 397,379
StoneMor Partners LP, 7.875%, 6/1/21 7.875 06/01/2021 375,000 384,961
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 3.7291 03/24/2018 500,000 490,625
Spirit Master Funding LLC, 5.74%, 3/20/42 (144A) 5.74 03/20/2042 446,680 500,499
NSG Holdings LLC, New Term Loan, 12/11/19 3.75 12/11/2019 217,360 215,186
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 1,113,440 1,114,832
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 5.239 12/12/2049 2,000,000 2,026,198
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2043 400,000 419,084
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 1,430,000 1,384,905
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 1,105,000 1,179,787
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 6.75 10/01/2037 225,000 286,706
Prestige Brands, Inc., Term B-2 Loan, 8/18/21 4.5 08/18/2021 965,278 965,881
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 1,500,000 1,495,933
Murphy Oil USA, Inc., 6.0%, 8/15/23 6.0 08/15/2023 1,000,000 1,067,667
Outerwall, Inc., 5.875%, 6/15/21 (144A) 5.875 06/15/2021 1,485,000 1,388,640
New World Resources NV, Floating Rate Note, 10/7/20 0.0 10/07/2020 38,709 18,271
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 1,220,000 1,119,858
VOLT XXII LLC, 4.75%, 10/27/53 (Step) 4.75 10/27/2053 2,500,000 2,487,258
Fannie Mae, 3.5%, 5/1/44 3.5 05/01/2044 6,475,000 6,511,378
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 8.25 05/26/2021 590,000 507,400
Bankrate, Inc., 6.125%, 8/15/18 (144A) 6.125 08/15/2018 1,150,000 1,096,110
Charter Communications 1st Lien Tl-B L + 3.5% 12aug21   08/12/2021 390,000 392,464
Trust F, 5.25%, 12/15/24 (144A) 5.25 12/15/2024 400,000 412,973
DigitalGlobe, Inc., Term Loan, 1/31/20 3.75 01/31/2020 692,419 687,875
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 4.125 05/30/2023 200,000 195,862
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 3.5 06/08/2020 790,000 778,150
NeuStar, Inc., 4.5%, 1/15/23 4.5 01/15/2023 675,000 602,944
Fannie Mae, 4.5%, 8/1/40 4.5 08/01/2040 3,070,237 1,475,849
Fannie Mae, 4.0%, 9/1/43 4.0 09/01/2043 528,373 530,274
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 3.25 01/31/2021 652,150 642,123
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 9.25 01/24/2020 750,000 446,505
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 1,370,000 1,371,713
Gibraltar Industries, Inc., 6.25%, 2/1/21 6.25 02/01/2021 1,000,000 1,041,042
Envision Healthcare Corp., Initial Term Loan, 5/25/18 4.0 05/25/2018 293,905 291,242
TAL Advantage V LLC, 4.1%, 2/22/39 4.1 02/22/2039 600,000 543,902
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 593,000 576,940
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 3.4251 01/17/2019 250,000 257,239
CenturyLink, Inc., 7.65%, 3/15/42 7.65 03/15/2042 1,300,000 1,322,783
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/27/29 (144A) 4.403 08/27/2029 300,000 301,642
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 3.875 09/25/2018 247,495 235,275
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 4.25 07/03/2019 741,990 731,788
Surgical Care Affiliates LLC, Class C Incremental Term Loan, 6/29/18 4.0 06/29/2018 541,750 537,687
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 5.5 12/20/2026 800,000 725,172
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 425,000 448,871
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 1,342,000 976,473
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 1.3695 04/25/2034 4,900,000 451,743
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 6.5 02/24/2021 525,000 619,386
Michaels Stores Inc 1st Lien Tl-B2 L + 3% 28jan20 4.0 01/28/2020 498,750 492,516
Star West Generation LLC, Term B Advance, 3/13/20 4.25 03/13/2020 240,417 238,013
MHP SA, 8.25%, 4/2/20 (144A) 8.25 04/02/2020 500,000 350,198
WF-RBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A) 5.4658 02/15/2044 1,200,000 1,297,214
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 6.0 03/31/2021 987,500 787,531
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 6.625 05/15/2018 500,000 514,933
LBC Tank Terminals Holding Netherlands BV, 6.875%, 5/15/23 (144A) 6.875 05/15/2023 220,000 223,033
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 6.0118 02/15/2051 1,725,000 1,755,733
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 6.55 04/25/2037 250,000 247,157
US Bancorp, Floating Rate Note (Perpetual) 6.0 12/31/2049 15,910 431,479
Linn Energy LLC, 6.25%, 11/1/19 6.25 11/01/2019 900,000 769,875
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 4.5 10/13/2021 1,755,588 1,749,443
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.75 08/16/2019 652,239 650,609
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 4.5 04/23/2021 1,276,800 1,255,733
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 7.5 04/10/2020 290,000 289,275
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 585,000 603,996
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 5.3 12/26/2059 200,000 207,176
Windstream Corp., 7.5%, 6/1/22 7.5 06/01/2022 1,305,000 1,309,894
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 9.0152 06/06/2015 1,250,000 1,291,125
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 7.0 12/15/2045 25,000 20,072
Guggenheim Partners Investment Management Holdings LLC, Initial Term Loan, 7/22/20 4.2532 07/22/2020 445,500 442,437
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 615,000 613,290
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 490,000 519,549
Hospitality Properties Trust, 5.0%, 8/15/22 5.0 08/15/2022 381,000 408,687
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 481,000 512,372
Merrill Lynch Mortgage Trust 2005-CKI1, Floating Rate Note, 11/12/37 5.2879 11/12/2037 2,150,000 2,167,049
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 100,000 86,000
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19   08/07/2019 350,000 348,688
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 6.375 01/02/2016 400,000 428,679
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 7.506 12/31/2049 1,335,000 1,440,116
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 4.75 04/24/2021 39,307 39,121
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/31/2020 487,281 489,718
Axiall Corp., 4.875%, 5/15/23 4.875 05/15/2023 1,405,000 1,334,721
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 3.6608 01/15/2027 1,500,000 1,500,958
Navios Maritime Partners LP, Term Loan, 6/27/18 5.25 06/27/2018 395,000 389,075
Buckeye Partners LP, 4.15%, 7/1/23 4.15 07/01/2023 2,500,000 2,488,320
Seadrill Operating LP, Initial Term Loan, 2/14/21 4.0 02/14/2021 841,500 657,212
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/34 (144A) 0.3395 06/25/2034 9,809,888 298,747
Belden, Inc., 5.5%, 9/1/22 (144A) 5.5 09/01/2022 1,860,000 1,880,150
Burlington Northern Santa Fe LLC, 4.55%, 9/1/44 4.55 09/01/2044 2,500,000 2,725,307
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 6.125 09/15/2023 1,200,000 1,314,642
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 6.9 01/02/2017 250,000 12,766
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 6.7308 07/18/2019 28,691 25,535
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 27,750 732,045
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 1,475,000 1,460,496
Tenet Healthcare Corp., 4.5%, 4/1/21 4.5 04/01/2021 265,000 268,644
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 2.73 01/15/2017 250,000 254,826
ExGen Renewables I LLC, Term Loan, 2/5/21 5.25 02/05/2021 1,079,323 1,084,719
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 6.25 12/18/2019 1,881,000 1,880,216
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 5.727 01/25/2033 450,000 63,722
Atlantic Power LP, Term Loan, 2/20/21 4.75 02/20/2021 1,474,789 1,460,041
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 6.75 04/30/2018 964,079 905,029
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 4.2531 11/26/2020 497,494 457,694
Denbury Resources, Inc., 4.625%, 7/15/23 4.625 07/15/2023 910,000 808,832
RAMP Series 2004-RZ1 Trust, 4.82%, 3/25/34 (Step) 4.82 03/25/2034 3,164,644 1,077,213
DynCorp International, Inc., 10.375%, 7/1/17 10.375 07/01/2017 150,000 135,281
Fannie Mae, 4.5%, 9/1/39 4.5 09/01/2039 2,945,000 1,265,352
B&G Foods, Inc., 4.625%, 6/1/21 4.625 06/01/2021 400,000 391,982
AES Corp. Virginia, 4.875%, 5/15/23 4.875 05/15/2023 995,000 993,736
Vers 2015-A Zero% 31dec17 0.0 12/31/2017 2,000,000 2,000,000
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 5.875 03/30/2033 165,000 176,015
Chiquita Brands International, Inc., 7.875%, 2/1/21 7.875 02/01/2021 522,000 576,460
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 4.0 03/01/2020 515,669 505,356
New Residential Advance Receivables Trust Advance Receivables Backed 2014-VF1, 3.6491%, 3/15/45 3.6491 03/15/2045 1,000,000 1,001,182
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 5.1695 08/27/2029 1,500,000 1,515,646
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 4.2787 05/23/2018 750,000 759,087
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 60,000 66,140
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 6.25 01/08/2015 250,000 253,843
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 3.0 11/23/2016 525,937 522,979
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 0.6608 05/15/2031 5,908,000 476,010
PPL Capital Funding, Inc., 5.9%, 4/30/73 5.9 04/30/2073 25,000 622,500
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 6.25 05/01/2024 1,075,000 1,105,010
AgStar Financial Services ACA, Floating Rate Note (Perpetual) (144A) 6.75 12/31/2049 1,500 1,545,844
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7.0 02/01/2021 400,000 353,667
Kane Ilw Zero% 02feb16 0.0 02/02/2016 1,050,000 959,385
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 241,181 181,388
USI, Inc. New York, Initial Term Loan 2013, 12/30/19 4.25 12/30/2019 196,019 192,711
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 4.46 07/25/2033 400,000 258,619
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 10.625 02/01/2016 475,000 393,904
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 11.7874 11/10/2016 500,000 542,872
Golar LNG Partners LP, Floating Rate Note, 10/12/17 6.84 10/12/2017 2,000,000 269,219
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 4.352 01/25/2043 250,000 228,499
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 6.5 07/20/2020 1,094,500 1,089,028
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 2.85 05/15/2024 1,000,000 287,123
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 3.5 12/11/2019 298,478 296,053
Michaels Stores, Inc., Term B Loan, 1/28/20 3.75 01/28/2020 246,250 242,095
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 4.0 05/26/2053 250,000 176,399
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 5.375 01/15/2023 875,000 881,146
Jazz Pharmaceuticals, Inc., Tranche 2 Term Loan, 6/12/18 3.25 06/12/2018 337,202 334,673
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 8.25 06/07/2021 505,000 502,728
Neenah Paper, Inc., 5.25%, 5/15/21 (144A) 5.25 05/15/2021 365,000 374,749
Cequel Communications LLC, Term Loan, 2/14/19 3.5 02/14/2019 372,447 367,714
Chemtura Corp., 5.75%, 7/15/21 5.75 07/15/2021 930,000 931,408
Samson Investment Co., Tranche 1 Term Loan (Second Lien), 9/25/18 5.0 09/25/2018 863,014 682,500
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 1,635,000 889,031
The Hanover Insurance Group, Inc., 6.35%, 3/30/53 6.35 03/30/2053 40,000 1,000,000
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 3.659 06/11/2027 1,400,000 1,397,752
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 5.0 09/15/2021 500,000 502,728
Allegion US Holding Co, Inc., 5.75%, 10/1/21 5.75 10/01/2021 930,000 996,844
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 6.25 12/19/2020 404,250 405,513
Verizon Communications, Inc., 5.012%, 8/21/54 (144A) 5.012 08/21/2054 576,000 606,325
LB-UBS Commercial Mortgage Trust 2005-C2, Floating Rate Note, 4/15/40 5.4412 04/15/2040 1,000,000 1,010,155
ZIGGO BV, (USD) TLB3, 1/15/22 3.5 01/15/2022 587,872 573,176
Bombardier, Inc., 4.75%, 4/15/19 (144A) 4.75 04/15/2019 825,000 836,367
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 4.0 01/30/2019 400,857 393,842
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 4.25 10/25/2020 361,357 354,481
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 4.411 10/13/2028 1,400,000 1,404,249
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 6.375 05/15/2043 1,000,000 843,146
Albea Beauty Holdings SA, 8.375%, 11/1/19 (144A) 8.375 11/01/2019 255,000 271,309
Sotheby's, 5.25%, 10/1/22 (144A) 5.25 10/01/2022 1,135,000 1,087,472
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 5.623 05/12/2045 1,400,000 1,441,242
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 5.82 06/15/2019 750,000 753,898
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 6.375 04/01/2021 500,000 532,969
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 7.2575 02/13/2015 250,000 252,683
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 4.5 06/07/2020 232,502 228,724
Jan15 Vix C @ 16   01/21/2015 700 206,500
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 5.1 08/15/2038 1,400,000 1,257,197
QBE Insurance Group, Ltd., 2.4%, 5/1/18 (144A) 2.4 05/01/2018 200,000 200,821
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 5.75 12/15/2018 680,000 629,038
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 3.95 05/15/2027 400,000 398,079
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 570,000 540,615
Metinvest BV, 8.75%, 2/14/18 (144A) 8.75 02/14/2018 700,000 408,309
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 5.2453 06/17/2044 50,000 54,597
Bosphorus Re, Ltd., Floating Rate Note, 5/3/16 (Cat Bond) (144A) 2.5608 05/03/2016 250,000 250,293
Kane Flt% 12jun15   06/12/2015 1,100,000 1,042,910
Capella Healthcare, Inc., 9.25%, 7/1/17 9.25 07/01/2017 200,000 217,000
Monitronics International, Inc., 9.125%, 4/1/20 9.125 04/01/2020 785,000 759,242
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 6.625 10/01/2022 1,075,000 1,018,544
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 4.0362 05/25/2045 175,000 174,777
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 5.5 06/25/2020 412,291 397,861
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 5.5 05/20/2021 1,360,000 1,391,254
Mirabela Nickel, Ltd.     922,916 21,879
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 8.375 05/15/2020 805,000 865,940
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 6.0 12/15/2020 540,000 563,715
Frontier Communications Corp., 6.25%, 9/15/21 6.25 09/15/2021 200,000 204,611
SM Energy Co., 5.0%, 1/15/24 5.0 01/15/2024 455,000 404,065
JobsOhio Beverage System, 3.985%, 1/1/29 3.985 01/01/2029 500,000 528,568
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 825,000 845,671
Albertsons LLC, Term B-2 Loan, 3/21/19 4.75 03/21/2019 894,254 890,527
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.7608 06/15/2029 1,530,000 1,512,959
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 7/25/35 2.575 07/25/2035 2,900,000 154,967
Bank of America Corp., Floating Rate Note, 10/23/49 6.5 10/23/2049 500,000 515,089
Nn Inc 1st Lien Tl-B L + 5% 18jul21 6.0 07/18/2021 1,380,000 1,379,138
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 5.125 08/01/2022 1,500,000 1,495,172
Fidelity National Financial, Inc., 5.5%, 9/1/22 5.5 09/01/2022 250,000 276,952
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 4.4584 01/15/2048 400,000 401,793
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 8.25 01/15/2021 1,050,000 1,113,569
Arysta Lifescience SPC LLC, Initial Term Loan (First Lien), 5/29/20 4.5 05/29/2020 1,266,132 1,260,856
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 1,450,000 1,548,781
Affiliated Managers Group, Inc., 4.25%, 2/15/24 4.25 02/15/2024 915,000 967,997
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 6.95 10/17/2022 300,000 226,286
Pacific Drilling SA, Term Loan, 6/3/18 4.5 06/03/2018 374,313 308,808
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.405 01/09/2019 1,000,000 1,047,167
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/16/28 (144A) 5.333 02/16/2028 500,000 503,823
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 4.5 12/20/2019 196,123 192,364
UBS AG, 7.625%, 8/17/22 7.625 08/17/2022 1,050,000 1,266,025
Vedanta Resources Plc, 6.0%, 1/31/19 (144A) 6.0 01/31/2019 1,450,000 1,420,517
Ziggo Bv 1st Lien Tl-B1 L + 2.75% 15jan22 3.5 01/15/2022 554,681 540,814
Vantiv LLC, Term B Loan, 6/12/21 3.75 06/12/2021 383,075 380,499
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 3.5 08/05/2020 728,520 723,208
Arcelik AS, 5.0%, 4/3/23 (144A) 5.0 04/03/2023 400,000 390,129
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 2.0588 10/25/2033 23,000,000 145,652
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 6.25 10/15/2022 1,080,000 1,110,075
JMC Steel Group, Inc., Term Loan, 4/1/17 4.75 04/01/2017 392,009 384,659
Fly Leasing, Ltd., 6.375%, 10/15/21 6.375 10/15/2021 1,375,000 1,375,802
The Bank of New York Mellon Corp., Floating Rate Note (Perpetual) 4.5 12/31/2049 1,250,000 1,154,063
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 0.0 12/01/2019 500,000 502,600
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 3.25 08/17/2020 235,498 227,771
JPMorgan Chase & Co., Floating Rate Note (Perpetual) 5.15 12/31/2049 1,000,000 950,583
Lamar Media Corp., 5.375%, 1/15/24 5.375 01/15/2024 600,000 632,871
Northern Oil and Gas, Inc., 8.0%, 6/1/20 8.0 06/01/2020 419,000 320,074
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 9.0 04/01/2022 500,000 551,250
DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A) 8.0 06/01/2021 1,265,000 1,145,352
General Electric Capital Corp., Floating Rate Note (Perpetual) 7.125 12/31/2049 1,500,000 1,750,375
Qwest Corp., 7.375%, 6/1/51 7.375 06/01/2051 4,400 117,920
Milacron LLC, Term Loan, 3/28/20 4.0 03/28/2020 978,926 954,453
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 3.2608 02/15/2029 2,000,000 2,007,741
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 5.5 02/01/2043 2,240,000 2,602,306
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 11.5 02/15/2018 100,000 31,878
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 990,000 714,450
Avis Budget Car Rental LLC, 5.5%, 4/1/23 5.5 04/01/2023 1,220,000 1,261,175
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 6.375 09/01/2024 1,500,000 1,591,763
Altice Financing SA, 6.5%, 1/15/22 (144A) 6.5 01/15/2022 1,800,000 1,813,450
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 4.5 04/15/2023 1,940,000 1,919,739
Jupiter Resources, Inc., 8.5%, 10/1/22 (144A) 8.5 10/01/2022 1,655,000 1,285,636
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 4.75 04/30/2020 494,246 488,892
Cummins, Inc., 5.65%, 3/1/98 5.65   350,000 437,030
Numericable-SFR, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 850,000 873,942
Altisource Solutions Sarl, Term B Loan, 12/9/20 4.5 12/09/2020 1,135,199 885,455
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 9.875 01/15/2019 142,000 156,986
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 3.5037 12/20/2018 246,859 246,654
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 5.25 10/07/2021 775,000 747,229
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 5.0 06/16/2018 542,136 519,095
Constellation Brands, Inc., 4.25%, 5/1/23 4.25 05/01/2023 485,000 484,798
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 5.5 09/15/2020 358,317 363,775
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 0.0 09/18/2017 800,000 800,000
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 4.0 10/15/2024 425,000 438,759
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 4.25 07/30/2020 642,494 603,844
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A) 6.75 04/06/2021 200,000 229,688
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 3.721 10/28/2019 1,750,000 1,689,312
AECOM, 5.875%, 10/15/24 (144A) 5.875 10/15/2024 635,000 658,096
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0 12/31/2049 1,600 1,607,350
Immucor, Inc., 11.125%, 8/15/19 11.125 08/15/2019 100,000 112,203
NRG Energy, Inc., 6.25%, 7/15/22 6.25 07/15/2022 675,000 709,641
Kleopatra Acquisition Corp., Term B-1 Loan, 12/21/16 4.75 12/21/2016 181,157 181,043
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 430,000 350,092
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.0 05/04/2018 391,192 387,606
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 5.5 10/18/2020 544,500 540,416
American Energy-Permian Basin LLC, 7.125%, 11/1/20 (144A) 7.125 11/01/2020 750,000 573,664
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.5051 04/09/2015 750,000 758,012
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 9.5 06/24/2019 117,320 99,769
OneBeacon US Holdings, Inc., 4.6%, 11/9/22 4.6 11/09/2022 1,000,000 1,046,720
Fly Funding II Sarl, Loan, 8/8/18 4.5 08/08/2018 725,118 723,306
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 330,000 280,913
Altrl Zero% 30jun16 0.0 06/30/2016 2,501,147 2,740,507
Legg Mason, Inc., 3.95%, 7/15/24 3.95 07/15/2024 1,250,000 1,292,841
Agrokor dd, 8.875%, 2/1/20 (144A) 8.875 02/01/2020 75,000 83,698
Wendy's International LLC, Term B Loan, 5/15/19 3.25 05/15/2019 746,942 742,274
Morgan Stanley, Floating Rate Note (Perpetual) 7.125 12/31/2049 18,000 495,540
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 5.85 05/21/2043 1,550,000 1,513,575
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 1.9695 02/25/2035 2,208,000 346,452
Univar, Inc., Term B Loan, 6/30/17 5.0 06/30/2017 265,824 257,897
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 6.875 08/01/2022 1,090,000 862,538
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 4.45 05/15/2048 400,000 402,240
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9.0 01/28/2017 100,000 103,485
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 3.5 09/06/2019 368,872 366,475
Targus Group International, Inc., Term Loan, 5/24/16 12.0 05/24/2016 90,314 73,606
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 7.75 06/15/2019 325,000 335,869
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 6.0 06/15/2017 300,000 293,300
ORES 2014-LV3 LLC, 6.0%, 3/27/24 6.0 03/27/2024 1,000,000 999,266
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 4.375 10/01/2022 1,550,000 1,593,029
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 5.0 10/15/2021 1,915,709 1,934,866
SFX Entertainment, Inc., 9.625%, 2/1/19 (144A) 9.625 02/01/2019 1,385,000 1,333,207
VeriSign, Inc., 4.625%, 5/1/23 4.625 05/01/2023 335,000 330,882
Tribune Media Co., Initial Term Loan, 11/20/20 4.0 11/20/2020 500,000 493,438
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 7.7517 05/15/2018 132,998 132,665
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 1,190,000 1,178,596
Flextronics International, Ltd., 5.0%, 2/15/23 5.0 02/15/2023 695,000 722,028
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 4.25 01/15/2021 220,946 217,577
United Airlines, Inc., Class B Term Loan, 4/1/19 3.5 04/01/2019 246,250 243,233
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 4.94 07/20/2018 1,100,000 1,109,852
LKQ Corp., 4.75%, 5/15/23 4.75 05/15/2023 250,000 241,517
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 5.375 07/15/2022 1,150,000 1,170,736
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 4.87 03/10/2027 600,000 293,129
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 1,350,000 1,512,562
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 4.3556 03/17/2048 200,000 192,842
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 4.16 03/20/2043 200,000 198,837
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 8.375 04/04/2021 100,000 108,024
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 5.625 03/15/2020 100,000 106,156
NPC International, Inc., Term Loan, 12/28/18 4.0 12/28/2018 561,912 547,864
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 6.5051 01/09/2017 600,000 499,000
World Kitchen LLC, U.S. Term Loan, 3/4/19 5.5 03/04/2019 186,556 185,623
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 1,095,000 1,127,850
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 5.75 08/25/2036 1,200,000 185,774
CCO Holdings LLC, 5.75%, 9/1/23 5.75 09/01/2023 475,000 490,042
LB-UBS Commercial Mortgage Trust 2006-C1, Floating Rate Note, 2/15/41 5.276 02/15/2041 1,963,990 1,990,691
FREMF Mortgage Trust 2012-K708, Floating Rate Note, 2/27/45 (144A) 3.7586 02/27/2045 200,000 204,283
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 700,000 818,370
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 8.375 09/30/2020 1,846,407 1,359,879
CCO Holdings LLC, 6.625%, 1/31/22 6.625 01/31/2022 600,000 654,173
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 272 6,869
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 705,000 782,256
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 10.5 12/15/2018 100,000 105,967
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 500,000 567,986
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 9.0 01/21/2025 1,000,000 324,513
Heckler & Koch GmbH, 9.5%, 5/15/18 (144A) 9.5 05/15/2018 100,000 94,388
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/31/2020 292,369 293,831
HJ Heinz Co., Term B-2 Loan, 6/5/20 3.5 06/05/2020 342,038 340,632
Kilimanjaro Re, Ltd., Floating Rate Note, 11/25/19 (Cat Bond) (144A) 3.765 11/25/2019 600,000 597,900
Citigroup Capital XIII, Floating Rate Note, 10/30/40 7.875 10/30/2040 49,090 1,304,812
Aircastle, Ltd., 6.25%, 12/1/19 6.25 12/01/2019 600,000 636,125
Stone Energy Corp., 7.5%, 11/15/22 7.5 11/15/2022 150,000 130,438
Morgan Stanley, Floating Rate Note (Perpetual) 6.375 12/31/2049 96,200 2,434,822
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 770,000 625,785
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 8.0 07/02/2021 860,000 309,409
Banc of America Commercial Mortgage Trust 2007-3, Floating Rate Note, 6/10/49 5.547 06/10/2049 1,750,000 1,817,085
FCA US LLC, Tranche B Term Loan, 12/29/18 3.25 12/29/2018 2,014,875 2,001,653
Oasis Petroleum, Inc., 6.875%, 3/15/22 6.875 03/15/2022 500,000 465,122
Morgan Stanley, 4.1%, 5/22/23 4.1 05/22/2023 750,000 762,660
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 5.25 04/25/2032 509,814