Pioneer Investments: Pioneer High Yield Fund


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Pioneer High Yield Fund

Monthly Portfolio Holdings as of 10/31/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
Chaparral Energy, Inc., 8.25%, 9/1/21 8.25 09/01/2021 3,310,000 3,372,063
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 6.75 04/15/2022 2,665,000 2,633,020
TE Connectivity, Ltd.     58,898 3,600,435
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 11/29/2019 2,469,527 2,477,758
Antero Resources Finance Corp., 6.0%, 12/1/20 6.0 12/01/2020 3,360,000 3,578,400
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 11.28 11/10/2015 375,000 402,084
Kane-Pi3 Flt% 07apr15 4.839 04/07/2015 1,255,400 1,297,958
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 4,685,000 4,729,963
CEVA GROUP Plc     2,282 2,110,906
CHS, 8.0%, 11/15/19 8.0 11/15/2019 11,400,000 12,732,533
CenturyLink, Inc., 6.45%, 6/15/21 6.45 06/15/2021 3,300,000 3,693,910
TIBCO Software, Inc., 2.25%, 5/1/32 2.25 05/01/2032 3,900,000 3,912,188
EP Energy LLC, 9.375%, 5/1/20 9.375 05/01/2020 13,000,000 14,811,875
Regal Entertainment Group, 5.75%, 3/15/22 5.75 03/15/2022 425,000 418,560
Meritage Homes Corp., 7.0%, 4/1/22 7.0 04/01/2022 3,660,000 3,992,450
Salix Pharmaceuticals, Ltd., 1.5%, 3/15/19 1.5 03/15/2019 3,720,000 8,319,005
Wells Fargo & Co., 7.5% (Perpetual) 7.5 12/31/2049 2,000 2,408,000
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 8.365 02/05/2015 1,200,000 1,232,162
Kane Flt% 30jul16   07/30/2016 1,450,000 1,547,440
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 3.2331 04/23/2020 8,491,292 8,399,306
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 7.375 02/01/2020 2,250,000 2,392,734
Frontier Communications Corp., 7.125%, 1/15/23 7.125 01/15/2023 4,750,000 5,158,401
Hologic, Inc., 2.0%, 12/15/37 (Step) 2.0 12/15/2037 2,081,000 2,610,470
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 1,380,000 1,414,174
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 13,358,000 14,376,176
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 5.25 02/01/2021 4,350,000 4,287,469
Aviv Healthcare Properties LP, 7.75%, 2/15/19 7.75 02/15/2019 2,675,000 2,852,516
Emulex Corp., 1.75%, 11/15/18 (144A) 1.75 11/15/2018 3,295,000 3,020,920
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 8.1051 01/07/2016 450,000 470,094
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.505 04/09/2015 2,000,000 2,052,067
Waters Corp.     17,606 1,950,745
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 6.375 04/15/2022 2,200,000 2,173,233
Chesapeake Energy Corp., 5.375%, 6/15/21 5.375 06/15/2021 8,435,000 8,964,765
Tesoro Corp., 5.375%, 10/1/22 5.375 10/01/2022 4,695,000 4,856,880
T-Mobile USA, Inc., 6.5%, 1/15/24 6.5 01/15/2024 1,200,000 1,279,967
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 6.75 07/02/2018 1,956,110 1,963,445
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 5.7601 12/06/2016 250,000 264,581
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 12.0 12/15/2019 1,595,000 1,818,832
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 7,459,000 7,365,452
BioScrip, Inc., 8.875%, 2/15/21 (144A) 8.875 02/15/2021 3,675,000 3,817,355
Boart Longyear Management Pty, Ltd., 10.0%, 10/1/18 (144A) 10.0 10/01/2018 2,755,000 2,970,808
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 16.28 11/10/2015 1,200,000 1,309,817
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 4.25 10/25/2020 1,618,681 1,595,817
Northern Oil and Gas, Inc., 8.0%, 6/1/20 8.0 06/01/2020 4,125,000 3,984,063
The Ryland Group, Inc., 5.375%, 10/1/22 5.375 10/01/2022 2,540,000 2,500,577
Jazz Investments I, Ltd., 1.875%, 8/15/21 (144A) 1.875 08/15/2021 2,050,000 2,373,516
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 10.0 08/15/2021 4,460,000 4,487,256
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 33,500 3,713,475
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 5,370,000 5,672,406
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 6.125 09/15/2023 3,285,000 3,581,722
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7601 04/30/2018 2,575,000 2,671,795
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 10,874,000 7,409,272
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 2,435,000 2,559,794
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 4.0 04/27/2054 1,000,000 987,757
Concho Resources, Inc., 5.5%, 4/1/23 5.5 04/01/2023 3,675,000 3,903,156
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 8.625 06/15/2019 3,500,000 3,695,342
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 4,250,000 4,535,303
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) 3.0101 05/25/2018 2,400,000 2,439,560
USI, Inc. New York, 7.75%, 1/15/21 (144A) 7.75 01/15/2021 4,900,000 5,073,065
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 7.5 09/15/2020 2,150,000 2,192,104
Alere, Inc., 3.0%, 5/15/16 3.0 05/15/2016 9,460,000 10,211,676
Cigna Corp.     67,800 6,750,846
WebMD Health Corp., 2.5%, 1/31/18 2.5 01/31/2018 6,420,000 6,641,133
EMC Corp./MA     103,800 2,982,174
PDC Energy, Inc., 7.75%, 10/15/22 7.75 10/15/2022 4,960,000 5,226,176
FTS International, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 1,275,000 1,248,039
Halcon Resources Corp.     9,222 28,680
RKI Exploration & Production LLC, 8.5%, 8/1/21 (144A) 8.5 08/01/2021 7,285,000 7,275,894
Gannett Co, Inc., 6.375%, 10/15/23 6.375 10/15/2023 6,170,000 6,650,232
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 6.875 02/15/2019 2,950,000 2,970,691
Ferrellgas LP, 6.75%, 1/15/22 6.75 01/15/2022 3,585,000 3,683,139
Halcon Resources Corp., 0.0% (Perpetual) 0.0 12/31/2049 715 474,313
Sealy Corp., 8.0%, 7/15/16 (PIK) 8.0 07/15/2016 143,000 11,332,750
Alere, Inc., 3.0% (Perpetual) 3.0 12/31/2049 59,354 19,182,026
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 6.5 04/15/2021 6,525,000 6,348,100
Stone Energy Corp., 7.5%, 11/15/22 7.5 11/15/2022 1,945,000 1,880,977
BioScrip, Inc.     255,259 1,648,973
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 4.25 12/20/2019 1,239,020 1,221,984
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 2,400,000 2,278,000
Cengage Learning Holdings II LP     13,966 392,794
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125 12/31/2049 411,000 11,121,660
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 7.27 02/13/2015 500,000 510,381
Rice Energy, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 3,295,000 3,292,254
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 4.5 04/23/2021 1,995,000 1,975,050
Virtual Radiologic Corp., Term Loan A, 12/22/16 7.2515 12/22/2016 1,107,464 849,979
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 2.25 05/15/2041 3,755,000 3,322,236
Denbury Resources, Inc., 5.5%, 5/1/22 5.5 05/01/2022 4,670,000 4,729,088
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 17.9812 01/07/2015 1,250,000 1,298,404
Energy Transfer Equity LP, 5.875%, 1/15/24 5.875 01/15/2024 3,520,000 3,756,891
Ciena Corp., 0.875%, 6/15/17 0.875 06/15/2017 9,000,000 8,742,875
Exterran Holdings, Inc., 7.25%, 12/1/18 7.25 12/01/2018 1,725,000 1,824,547
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 7,396,040 7,419,153
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 6.875 08/01/2022 1,130,000 1,045,093
EPL Oil & Gas, Inc., 8.25%, 2/15/18 8.25 02/15/2018 5,205,000 5,139,504
Rexel SA, 5.25%, 6/15/20 (144A) 5.25 06/15/2020 5,200,000 5,342,133
Bombardier, Inc., 6.0%, 10/15/22 (144A) 6.0 10/15/2022 3,025,000 3,114,364
syncreon Group BV, 8.625%, 11/1/21 (144A) 8.625 11/01/2021 3,500,000 3,572,188
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2043 3,350,000 3,537,954
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 5,445,000 5,404,919
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 1,675,000 1,831,357
Kodiak Oil & Gas Corp., 8.125%, 12/1/19 8.125 12/01/2019 5,200,000 5,766,042
GLP Capital LP, 4.375%, 11/1/18 4.375 11/01/2018 2,075,000 2,177,453
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 8.75 02/01/2016 1,532,000 1,577,003
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 8.5 05/15/2018 7,495,000 8,060,456
Axiall Corp.     186,606 7,520,222
LyondellBasell Industries NV     77,355 7,088,039
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 4.0 03/01/2020 1,417,513 1,405,257
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 6.35 06/07/2017 250,000 264,323
Lennar Corp., 2.75%, 12/15/20 (144A) 2.75 12/15/2020 3,015,000 5,918,110
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 358,975 9,595,402
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 6.75 01/31/2021 3,350,000 3,482,534
Comstock Resources, Inc., 7.75%, 4/1/19 7.75 04/01/2019 3,832,000 3,780,108
Windstream Corp., 7.75%, 10/15/20 7.75 10/15/2020 3,460,000 3,696,818
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 8.0152 06/06/2016 500,000 548,072
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 6.7308 07/18/2019 423,060 375,465
Exterran Partners LP, 6.0%, 4/1/21 6.0 04/01/2021 2,750,000 2,667,500
Bank of America Corp., Floating Rate Note, 9/29/49 6.25 09/29/2049 4,600,000 4,638,972
Kennedy-Wilson, Inc., 5.875%, 4/1/24 5.875 04/01/2024 1,480,000 1,515,218
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 1.125 09/01/2018 4,900,000 5,619,688
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 6.625 12/15/2022 1,150,000 1,239,157
Commercial Vehicle Group, Inc.     482,433 3,159,936
North Atlantic Drilling, Ltd., 6.25%, 2/1/19 (144A) 6.25 02/01/2019 4,015,000 3,395,184
Iap Worldwide Services Inc     53 45,063
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 11.01 01/27/2015 875,000 885,230
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 3,200,000 3,152,533
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 4,995,000 5,094,900
Nationstar Mortgage LLC, 6.5%, 8/1/18 6.5 08/01/2018 1,820,000 1,813,175
Live Nation Entertainment, Inc., 7.0%, 9/1/20 (144A) 7.0 09/01/2020 3,050,000 3,276,208
T-Mobile USA, Inc., 6.731%, 4/28/22 6.731 04/28/2022 2,000,000 2,149,777
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 6.2601 01/08/2015 250,000 252,545
Forest City Enterprises, Inc.     429,214 8,966,280
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 6,085,000 6,678,288
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/31/2020 1,232,125 1,239,312
Legacy Reserves LP, 6.625%, 12/1/21 6.625 12/01/2021 3,350,000 3,341,974
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 3,845,000 3,785,750
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 2,150,000 2,521,735
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 6,975,000 7,488,438
GLP Capital LP, 4.875%, 11/1/20 4.875 11/01/2020 3,250,000 3,459,219
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 7,443 7,396
Univision Communications, Inc., 6.875%, 5/15/19 (144A) 6.875 05/15/2019 6,035,000 6,535,612
CCO Holdings LLC, 6.5%, 4/30/21 6.5 04/30/2021 9,250,000 9,760,420
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 8.625 11/01/2018 6,910,000 7,121,619
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 684,000 745,845
Horizon Lines, Inc.     4,099,666 1,619,368
Basic Energy Services, Inc., 7.75%, 10/15/22 7.75 10/15/2022 7,874,000 7,704,272
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 2,314,750 2,083,275
Auxilium Pharmaceuticals, Inc., 1.5%, 7/15/18 1.5 07/15/2018 1,470,000 2,060,818
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 4,565,000 5,053,899
Equinix, Inc., 5.375%, 4/1/23 5.375 04/01/2023 5,465,000 5,660,260
Hexion US Finance Corp., 9.0%, 11/15/20 9.0 11/15/2020 2,445,000 2,356,980
ON Semiconductor Corp., 2.625%, 12/15/26 2.625 12/15/2026 16,914,000 18,794,273
Post Holdings, Inc., 2.5% (Perpetual) (144A) 2.5 12/31/2049 73,300 5,712,819
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0 12/31/2049 6,450 6,491,925
Kodiak Oil & Gas Corp., 5.5%, 2/1/22 5.5 02/01/2022 3,000,000 3,101,250
MedAssets, Inc., 8.0%, 11/15/18 8.0 11/15/2018 1,400,000 1,504,144
TMS International Corp., 7.625%, 10/15/21 (144A) 7.625 10/15/2021 2,165,000 2,269,762
Cepheid, 1.25%, 2/1/21 (144A) 1.25 02/01/2021 1,905,000 2,096,691
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.7601 12/06/2016 800,000 836,820
Brown Shoe Co, Inc., 7.125%, 5/15/19 7.125 05/15/2019 2,350,000 2,544,707
Akamai Technologies, Inc., 0.0%, 2/15/19 (144A) 0.0 02/15/2019 4,555,000 4,614,784
Freeport-McMoRan, Inc.     264,669 7,543,067
Hexion US Finance Corp., 8.875%, 2/1/18 8.875 02/01/2018 2,756,000 2,786,144
ViaSat, Inc., 6.875%, 6/15/20 6.875 06/15/2020 3,000,000 3,250,417
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 3.9853 05/18/2016 1,500,000 1,550,310
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 6.0042 04/10/2015 250,000 254,242
Xerium Technologies, Inc., 8.875%, 6/15/18 8.875 06/15/2018 2,660,000 2,895,484
Frontier Communications Corp., 8.5%, 4/15/20 8.5 04/15/2020 9,705,000 11,221,676
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 4.75 01/31/2021 2,577,050 2,560,943
Chemtura Corp., 5.75%, 7/15/21 5.75 07/15/2021 2,725,000 2,764,323
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 3,100,000 3,274,676
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 9.25 06/01/2021 2,800,000 2,487,917
Aetna, Inc.     108,880 8,983,689
Entegris, Inc., 6.0%, 4/1/22 (144A) 6.0 04/01/2022 5,100,000 5,214,750
Dycom Investments, Inc., 7.125%, 1/15/21 7.125 01/15/2021 3,000,000 3,212,938
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 3,450,000 3,767,688
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 8.005 07/09/2015 500,000 522,356
Halcon Resources Corp., 9.25%, 2/15/22 9.25 02/15/2022 3,225,000 2,683,290
Endologix, Inc., 2.25%, 12/15/18 2.25 12/15/2018 3,015,000 2,788,121
Berkeley-Kane Flt% 12jun15   06/12/2015 1,004,200 1,028,000
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 8.9101 06/06/2017 1,750,000 1,859,813
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.405 01/09/2019 1,800,000 1,887,710
CenturyLink, Inc., 5.8%, 3/15/22 5.8 03/15/2022 3,625,000 3,869,365
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 7.5 12/15/2021 3,865,000 3,317,458
Morgan Stanley, Floating Rate Note (Perpetual) 7.125 12/31/2049 189,000 5,152,140
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 20.0456 12/06/2017 250,000 270,303
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 7,060,094 7,086,569
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 9.25 06/01/2020 1,990,000 2,210,973
NANA Development Corp., 9.5%, 3/15/19 (144A) 9.5 03/15/2019 1,800,000 1,713,850
PetroQuest Energy, Inc., 6.875% (Perpetual) 6.875 12/31/2049 59,180 2,500,355
General Cable Corp.     667,230 9,454,649
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 13.5101 02/05/2015 1,500,000 1,569,938
Ford Motor Co., 4.25%, 11/15/16 4.25 11/15/2016 6,341,000 10,567,100
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,250,000 1,387,750
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 5.9045 02/10/2051 2,000,000 2,030,761
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/03/2019 668,841 665,915
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 7.5 05/08/2021 3,863,910 3,747,993
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 22.0101 06/06/2016 1,750,000 2,129,225
Talos Production LLC, 9.75%, 2/15/18 (144A) 9.75 02/15/2018 3,000,000 3,084,250
Concho Resources, Inc., 6.5%, 1/15/22 6.5 01/15/2022 2,925,000 3,214,981
Crown Cork & Seal Co, Inc., 7.375%, 12/15/26 7.375 12/15/2026 13,120,000 14,863,138
Twitter, Inc., 0.25%, 9/15/19 0.25 09/15/2019 2,055,000 1,879,669
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 8.375 09/30/2020 5,168,665 4,995,515
Bankrate, Inc., 6.125%, 8/15/18 (144A) 6.125 08/15/2018 3,400,000 3,375,964
Numericable Group SA, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 1,575,000 1,630,388
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 8.625 02/01/2020 3,860,000 3,634,431
Dana Holding Corp., 6.0%, 9/15/23 6.0 09/15/2023 4,650,000 4,918,150
Kennametal, Inc.     139,920 5,402,311
RTI International Metals, Inc., 1.625%, 10/15/19 1.625 10/15/2019 3,805,000 3,643,657
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 8,170,000 8,043,195
Windstream Corp., 7.5%, 6/1/22 7.5 06/01/2022 11,030,000 12,064,063
Universal Hospital Services, Inc., 7.625%, 8/15/20 7.625 08/15/2020 1,265,000 1,200,102
Liberty Media Corp., 1.375%, 10/15/23 (144A) 1.375 10/15/2023 4,425,000 4,413,876
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 6.625 12/01/2021 3,850,000 3,840,776
Marathon Petroleum Corp.     73,900 6,717,510
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 7,615,000 8,062,381
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 2.875 01/15/2021 5,787,000 5,977,047
NRG Energy, Inc., 7.625%, 1/15/18 7.625 01/15/2018 4,700,000 5,381,272
Navistar International Corp., 8.25%, 11/1/21 8.25 11/01/2021 6,850,000 7,324,363
Monitronics International, Inc., 9.125%, 4/1/20 9.125 04/01/2020 2,400,000 2,490,250
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 4.25 06/03/2019 1,185,004 1,170,932
Seagate HDD Cayman, 4.75%, 6/1/23 4.75 06/01/2023 4,300,000 4,522,833
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 619,125 613,708
DAE Aviation Holdings, Inc., Replacement Tranche B-1 Loan, 11/2/18 5.0 11/02/2018 1,931,898 1,934,921
Kane Flt% 12jun15   06/12/2015 3,040,000 2,818,688
Gibraltar Industries, Inc., 6.25%, 2/1/21 6.25 02/01/2021 2,750,000 2,875,469
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 6.75 04/01/2020 5,360,000 5,591,150
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.754 06/15/2029 4,270,000 4,248,280
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 1,205,000 1,140,466
Nu Skin Enterprises, Inc.     51,889 2,741,296
Sector Re V, Ltd., 0.0%, 12/1/17 (Cat Bond) (144A) 0.0 12/01/2017 13,799 0
SEACOR Holdings, Inc., 3.0%, 11/15/28 (144A) 3.0 11/15/2028 2,170,000 2,106,437
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 6.375 04/01/2021 5,400,000 5,752,688
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.505 04/09/2015 1,150,000 1,185,586
Theravance, Inc., 2.125%, 1/15/23 2.125 01/15/2023 9,215,000 7,855,851
Surgery Center Holdings, Inc., Term Loan (First Lien), 4/11/19 7.0 04/11/2019 1,906,050 1,909,633
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 3,265,000 3,218,837
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 4.0101 05/05/2017 1,600,000 1,638,311
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 4,200,000 4,309,422
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 0.5 04/15/2019 2,470,000 2,580,155
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 4,100,000 4,182,000
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 3,587 113,846
Regal Entertainment Group, 5.75%, 2/1/25 5.75 02/01/2025 4,895,000 4,696,141
Ferrellgas LP, 6.5%, 5/1/21 6.5 05/01/2021 1,850,000 1,924,000
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 10.75 10/01/2020 4,155,000 3,735,172
Parker Drilling Co., 7.5%, 8/1/20 7.5 08/01/2020 2,995,000 2,946,331
AMG Capital Trust II, 5.15%, 10/15/37 5.15 10/15/2037 48,000 2,961,000
Lennar Corp., 4.5%, 6/15/19 4.5 06/15/2019 4,150,000 4,295,790
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 7,255,000 6,246,001
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 5.875 02/15/2022 1,825,000 1,938,885
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 2,590,000 2,578,471
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 3.653 06/11/2027 2,650,000 2,649,769
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 6.75 12/01/2021 1,775,000 1,822,703
Alpha Natural Resources, Inc., 3.75%, 12/15/17 3.75 12/15/2017 4,705,000 3,045,507
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 5,300,000 5,826,688
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 12/12/2017 791,470 785,534
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 5,975,000 6,284,040
Axalta Coating Systems US Holdings, Inc., Refinanced Term B Loan, 2/1/20 4.0 02/01/2020 1,497,356 1,475,832
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 5,900,000 6,085,481
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 9.0 04/01/2022 4,030,000 4,422,925
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 20,400 1,685,652
Cinedigm Digital Funding I LLC, Term Loan, 2/28/18 3.75 02/28/2018 1,125,011 1,125,011
BioMarin Pharmaceutical, Inc., 0.75%, 10/15/18 0.75 10/15/2018 1,920,000 2,209,840
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 8.25 03/15/2018 2,855,000 2,927,921
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 2,375,000 2,392,707
ARIAD Pharmaceuticals, Inc., 3.625%, 6/15/19 (144A) 3.625 06/15/2019 1,340,000 1,290,243
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 8.5051 05/09/2016 1,000,000 1,073,817
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 4,538,000 4,693,994
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 575,414 569,659
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 7.0 11/15/2020 4,300,000 798,493
Kane- Pi3 Zero% 18jul16 0.0 07/18/2016 4,010,500 4,261,156
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 11.5 02/15/2018 8,775,000 2,530,369
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 5.28 03/07/2016 575,000 592,461
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 1.0 12/01/2020 6,345,000 6,236,606
Reynolds Group Issuer, Inc., 9.0%, 4/15/19 9.0 04/15/2019 800,000 839,200
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 3.5 06/08/2020 7,575,000 7,485,047
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 3.75 08/20/2025 700,000 408,309
QR Energy LP, 9.25%, 8/1/20 9.25 08/01/2020 3,075,000 3,538,172
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 12,235,000 11,202,672
Starbucks Corp.     59,425 4,490,153
Pangaea Zero% 01jul18 0.0 07/01/2018 5,120,000 5,359,616
Windstream Corp., 6.375%, 8/1/23 6.375 08/01/2023 2,775,000 2,840,039
Thermo Fisher Scientific, Inc.     95,749 11,257,210
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 7.0 05/15/2018 2,000,000 2,129,556
Nuance Communications, Inc., 2.75%, 11/1/31 2.75 11/01/2031 16,972,000 16,791,673
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 8,460,000 8,325,286
ServiceNow, Inc., 0.0%, 11/1/18 (144A) 0.0 11/01/2018 2,235,000 2,538,122
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 8.5 04/03/2018 13,780,672 13,756,556
Aguila 3 SA, 7.875%, 1/31/18 (144A) 7.875 01/31/2018 1,700,000 1,738,091
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7.0 02/01/2021 7,901,000 7,249,168
Athlon Holdings LP, 6.0%, 5/1/22 (144A) 6.0 05/01/2022 3,095,000 3,425,778
Offshore Group Investment, Ltd., 7.5%, 11/1/19 7.5 11/01/2019 3,650,000 3,248,500
CEVA GROUP Plc, 0.0%, 12/31/14 0.0 12/31/2014 4,940 4,569,546
Ascent Capital Group, Inc., 4.0%, 7/15/20 4.0 07/15/2020 2,710,000 2,479,387
Videotron, Ltd., 5.375%, 6/15/24 (144A) 5.375 06/15/2024 9,050,000 9,505,265
Fly Leasing, Ltd., 6.375%, 10/15/21 6.375 10/15/2021 5,000,000 4,999,792
Exterran Partners LP, 6.0%, 10/1/22 (144A) 6.0 10/01/2022 5,175,000 4,993,875
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 4.45 05/15/2048 575,000 579,195
Forest City Enterprises, Inc., 3.625%, 8/15/20 3.625 08/15/2020 4,885,000 5,221,590
Standard Aero, Ltd., Replacement Tranche B-2 Loan, 11/2/18 5.0 11/02/2018 875,796 876,343
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6.75 10/01/2020 6,445,000 5,353,378
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 10.3551 04/09/2015 250,000 257,875
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9695 05/15/2046 595,000 500,508
Tronox Finance LLC, 6.375%, 8/15/20 6.375 08/15/2020 5,195,000 5,407,779
Live Nation Entertainment, Inc., 5.375%, 6/15/22 (144A) 5.375 06/15/2022 1,300,000 1,333,917
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 6.5 07/01/2036 429,211 4,682
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.0 05/04/2018 2,397,863 2,384,375
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9695 05/15/2046 1,935,000 1,794,299
Lear Corp., 11/9/14   11/09/2014 2,230 413,085
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 2,555,000 2,302,694
GS Mortgage Securities Corp II Series 2004-GG2, Floating Rate Note, 8/10/38 5.9459 08/10/2038 1,000,000 444,668
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 6.75 04/30/2018 1,988,067 1,932,566
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 2,350,000 2,538,392
Albany Molecular Research, Inc., 2.25%, 11/15/18 (144A) 2.25 11/15/2018 3,370,000 5,412,220
Bio-Rad Laboratories, Inc.     46,569 5,253,915
Insulet Corp., 2.0%, 6/15/19 2.0 06/15/2019 960,000 1,107,973
Bristow Group, Inc., 6.25%, 10/15/22 6.25 10/15/2022 4,245,000 4,426,592
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 5.58 06/25/2058 400,000 414,931
Windstream Holdings, Inc.     585,800 6,139,184
NuVasive, Inc., 2.75%, 7/1/17 2.75 07/01/2017 459,000 555,868
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 19.0101 12/06/2016 950,000 1,117,770
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 7.625 08/15/2021 3,635,000 3,920,701
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 6,775,000 7,192,086
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 3,055,000 3,177,200
Jarden Corp., 1.125%, 3/15/34 (144A) 1.125 03/15/2034 5,470,000 5,853,926
Advanced Micro Devices, Inc., 6.75%, 3/1/19 6.75 03/01/2019 4,205,000 4,021,031
Mueller Water Products, Inc., 7.375%, 6/1/17 7.375 06/01/2017 6,155,000 6,436,463
Cubist Pharmaceuticals, Inc.     104,790 7,575,269
Mentor Graphics Corp., 4.0%, 4/1/31 4.0 04/01/2031 5,815,000 6,826,568
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 4.25 07/01/2021 3,011,142 2,988,558
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 6,700,000 7,319,192
PPL Capital Funding, Inc., 5.9%, 4/30/73 5.9 04/30/2073 214,000 5,210,900
JLL, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 5,610,000 5,812,241
The Geo Group, Inc., 5.875%, 10/15/24 5.875 10/15/2024 6,405,000 6,634,779
Corsicanto, Ltd., 3.5%, 1/15/32 3.5 01/15/2032 4,815,000 2,914,546
Cambium Learning Group, Inc., 9.75%, 2/15/17 9.75 02/15/2017 3,695,000 3,697,155
Fifth Third Bancorp, Floating Rate Note (Perpetual) 6.625 12/31/2049 60,650 1,645,435
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 3,319,000 867,837
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 4,300,000 4,609,171
Outerwall, Inc., 5.875%, 6/15/21 (144A) 5.875 06/15/2021 4,010,000 3,962,576
NuStar Logistics LP, Floating Rate Note, 1/15/43 7.625 01/15/2043 130,000 3,463,200
Arlington Flt% 01aug15 0.0 08/01/2015 1,200,000 1,250,640
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 7.0 12/01/2018 1,800,000 1,893,000
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.75 08/16/2019 2,876,697 2,874,899
Revlon Consumer Products Corp., 5.75%, 2/15/21 5.75 02/15/2021 2,495,000 2,525,287
NCR Corp.     107,427 2,972,505
Kane Flt% 14jul15 0.0 07/14/2015 1,018,720 980,416
Vanguard Natural Resources LLC, 7.875%, 4/1/20 7.875 04/01/2020 4,700,000 4,672,094
Monitronics International, Inc., Term B Loan (2013), 3/23/18 4.25 03/23/2018 5,962,846 5,949,805
SandRidge Energy, Inc., 7.0% (Perpetual) 7.0 12/31/2049 33,162 2,798,044
National Surgical Hospitals, Inc., Tranche B-2 Term Loan, 7/11/19 5.25 07/11/2019 1,509,779 1,513,553
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0152 06/06/2016 1,100,000 1,234,090
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18 8.625 10/15/2018 10,236,000 10,684,678
T-Mobile USA, Inc., 6.633%, 4/28/21 6.633 04/28/2021 2,865,000 3,068,086
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 6.25 05/01/2024 1,450,000 1,544,955
Lennar Corp., 4.75%, 11/15/22 4.75 11/15/2022 8,730,000 8,790,261
Sanchez Energy Corp., 7.75%, 6/15/21 7.75 06/15/2021 5,075,000 5,325,085
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 5,345,000 5,014,798
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 10,350,000 9,849,750
Carriage Services, Inc., 2.75%, 3/14/21 (144A) 2.75 03/14/2021 2,195,000 2,371,454
United Airlines, Inc., 4.5%, 1/15/15 4.5 01/15/2015 1,960,000 5,501,720
Intelsat Luxembourg SA, 7.75%, 6/1/21 7.75 06/01/2021 3,900,000 4,201,438
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/31/2020 2,053,542 2,065,521
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 12.0101 06/06/2015 3,450,000 3,701,045
WESCO Distribution, Inc., 5.375%, 12/15/21 5.375 12/15/2021 5,145,000 5,275,197
Burger King Worldwide Inc 2nd Lien Bridge L + 0% 26aug15   08/26/2015 12,525,000 12,525,000
DynCorp International, Inc., 10.375%, 7/1/17 10.375 07/01/2017 1,583,000 1,412,168
Marathon Oil Corp.     147,800 5,232,120
BioMarin Pharmaceutical, Inc., 1.5%, 10/15/20 1.5 10/15/2020 1,920,000 2,258,480
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 4,170,000 384,422
Sprint Corp., 7.25%, 9/15/21 (144A) 7.25 09/15/2021 2,490,000 2,656,242
Linn Energy LLC, 6.25%, 11/1/19 6.25 11/01/2019 12,635,000 12,039,049
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 3,350,000 3,373,031
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 1,440,000 1,565,120
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 5.918 09/25/2036 1,560,000 1,407,758
PC Nextco Holdings LLC, 8.75%, 8/15/19 8.75 08/15/2019 2,805,000 2,898,890
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 2,000,000 2,420,800
Polymet Mining Corp.     1,002,650 1,052,783
WebMD Health Corp., 1.5%, 12/1/20 (144A) 1.5 12/01/2020 5,145,000 5,350,800
Fts International Inc 1st Lien Term L + 4.75% 01apr21 5.75 04/01/2021 1,281,545 1,263,924
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 12.0101 03/12/2015 2,400,000 2,502,320
Crestwood Midstream Partners LP, 6.125%, 3/1/22 6.125 03/01/2022 4,810,000 4,907,202
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 4.0 05/26/2053 1,400,000 1,040,505
Energy XXI, Ltd., 3.0%, 12/15/18 (144A) 3.0 12/15/2018 1,000,000 721,958
AES Corp. Virginia, 5.5%, 3/15/24 5.5 03/15/2024 1,650,000 1,698,721
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 6.5 12/15/2020 2,100,000 2,288,067
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 3,100,000 3,592,556
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 11,400,000 11,033,063
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 10.265 01/08/2015 1,400,000 1,430,277
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.02 03/16/2016 400,000 434,603
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 9.2601 06/06/2017 800,000 870,551
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 8.6051 04/08/2016 1,450,000 1,522,291
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 8,375,000 9,182,722
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 5.75 07/10/2017 8,519 8,487
AECOM Technology Corp., 5.875%, 10/15/24 (144A) 5.875 10/15/2024 1,390,000 1,475,596
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 8.0 07/01/2019 4,155,000 3,508,898
Scientific Games International, Inc., 6.25%, 9/1/20 6.25 09/01/2020 700,000 563,500
Oasis Petroleum, Inc., 6.5%, 11/1/21 6.5 11/01/2021 2,820,000 2,982,150
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/15 (Cat Bond) (144A) 13.2601 12/06/2015 2,000,000 2,171,422
SolarCity Corp., 1.625%, 11/1/19 (144A) 1.625 11/01/2019 6,160,000 5,983,820
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 1,515,000 1,449,981
The KEYW Holding Corp., 2.5%, 7/15/19 2.5 07/15/2019 2,150,000 1,920,368
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 8.5 10/15/2022 4,290,000 4,660,132
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 2,513,900 2,405,193
Shutterfly, Inc., 0.25%, 5/15/18 0.25 05/15/2018 7,455,000 7,198,010
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.03 02/25/2015 1,500,000 1,530,901
Orbital Sciences Corp.     130,345 3,428,074
NeuStar, Inc., 4.5%, 1/15/23 4.5 01/15/2023 5,048,000 4,433,406
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 5,045,000 5,440,472
Dartmouth Zero% 31dec14 0.0 12/31/2014 4,080,000 4,039,200
Cobalt International Energy, Inc., 2.625%, 12/1/19 2.625 12/01/2019 7,895,000 5,953,323
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5101 04/30/2018 350,000 356,396
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 8.0 12/01/2018 1,750,000 1,860,833
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 5.375 01/15/2023 2,715,000 2,702,962
Altrl Flt% 30jun16   06/30/2016 6,500,000 6,984,900
AECOM Technology Corp., 5.75%, 10/15/22 (144A) 5.75 10/15/2022 1,385,000 1,463,243
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 5.5 01/15/2021 1,400,000 1,443,672
T-Mobile USA, Inc., 6.125%, 1/15/22 6.125 01/15/2022 965,000 1,017,385
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 1.875 09/01/2020 6,805,000 7,966,103
Joy Global, Inc.     109,200 5,747,196
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 2,100,000 2,185,196
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 3,365,000 3,653,829
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 12.7601 12/06/2016 2,100,000 2,363,393

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