Pioneer Investments: Pioneer High Yield Fund


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Pioneer High Yield Fund

Monthly Portfolio Holdings as of 8/29/2014

Security Name Coupon Maturity Date Par / Shares Market Value($)
Advanced Micro Devices, Inc., 6.75%, 3/1/19 (144A) 6.75 03/01/2019 4,205,000 4,549,810
Constellation Brands, Inc., 3.75%, 5/1/21 3.75 05/01/2021 4,100,000 4,155,948
Endologix, Inc., 2.25%, 12/15/18 2.25 12/15/2018 3,015,000 2,876,498
Parker Drilling Co., 7.5%, 8/1/20 7.5 08/01/2020 2,995,000 3,230,232
Penn Virginia Corp., 8.5%, 5/1/20 8.5 05/01/2020 4,995,000 5,634,846
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 5.875 02/15/2022 1,825,000 1,959,499
Stone Energy Corp., 7.5%, 11/15/22 7.5 11/15/2022 1,945,000 2,129,775
Rent-A-Center, Inc., 6.625%, 11/15/20 6.625 11/15/2020 2,590,000 2,627,096
Revlon Consumer Products Corp., 5.75%, 2/15/21 5.75 02/15/2021 2,495,000 2,538,403
Quebecor Media, Inc., 5.75%, 1/15/23 5.75 01/15/2023 5,975,000 6,195,951
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 7.5 12/15/2021 3,865,000 4,157,291
Basic Energy Services, Inc., 7.75%, 10/15/22 7.75 10/15/2022 9,355,000 10,468,830
Post Holdings, Inc., 2.5% (Perpetual) (144A) 2.5 12/31/2049 73,300 5,676,169
Joy Global, Inc.     109,200 6,895,980
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 0.5 04/15/2019 2,470,000 2,738,098
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 5.03 02/25/2015 1,500,000 1,517,308
Chaparral Energy, Inc., 8.25%, 9/1/21 8.25 09/01/2021 3,310,000 3,706,441
Xerium Technologies, Inc., 8.875%, 6/15/18 8.875 06/15/2018 2,660,000 2,868,782
Monitronics International, Inc., 9.125%, 4/1/20 9.125 04/01/2020 2,400,000 2,658,642
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 10.2825 01/08/2015 1,400,000 1,437,637
International Equipment Solutions LLC, Initial Loan, 8/16/19 6.75 07/25/2019 2,914,509 2,927,260
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/15 (Cat Bond) (144A) 13.2804 12/06/2015 2,000,000 2,166,169
Bio-Rad Laboratories, Inc.     46,569 5,600,388
Lennar Corp., 4.75%, 11/15/22 4.75 11/15/2022 8,730,000 8,719,997
Carriage Services, Inc., 2.75%, 3/15/21 (144A) 2.75 03/15/2021 2,195,000 2,394,852
MedAssets, Inc., 8.0%, 11/15/18 8.0 11/15/2018 1,400,000 1,500,917
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 6.75 05/02/2018 1,961,463 1,970,044
Dycom Investments, Inc., 7.125%, 1/15/21 7.125 01/15/2021 3,000,000 3,236,719
Windstream Corp., 6.375%, 8/1/23 6.375 08/01/2023 5,275,000 5,315,277
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 4.45 05/15/2048 575,000 579,459
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 8.625 02/01/2020 3,860,000 4,021,919
Exterran Partners LP, 6.0%, 10/1/22 (144A) 6.0 10/01/2022 5,175,000 5,311,275
Ford Motor Co., 4.25%, 11/15/16 4.25 11/15/2016 6,341,000 12,911,201
Iap Worldwide Services Inc     53 45,063
Memorial Production Partners LP, 7.625%, 5/1/21 7.625 05/01/2021 3,350,000 3,560,061
Resolute Forest Products, Inc., 5.875%, 5/15/23 5.875 05/15/2023 3,845,000 3,766,698
GMAC Capital Trust I, Floating Rate Note, 2/15/40 8.125 02/15/2040 358,975 9,649,248
Lennar Corp., 2.75%, 12/15/20 (144A) 2.75 12/15/2020 3,015,000 5,404,702
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 9.75 12/12/2017 592,324 594,545
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 6.5 10/10/2019 7,414,670 7,429,729
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 4.25 10/25/2020 1,622,758 1,613,224
Nuance Communications, Inc., 2.75%, 11/1/31 2.75 11/01/2031 19,972,000 20,078,656
Kennedy-Wilson, Inc., 5.875%, 4/1/24 5.875 04/01/2024 1,480,000 1,541,487
Kodiak Oil & Gas Corp., 5.5%, 2/1/22 5.5 02/01/2022 3,000,000 3,178,292
Concho Resources, Inc., 6.5%, 1/15/22 6.5 01/15/2022 2,925,000 3,226,641
Fts International Inc 1st Lien Term L + 4.75% 01apr21 5.75 04/01/2021 1,662,545 1,675,535
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9.75 05/15/2017 9,859,000 10,262,603
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 6.657 08/15/2020 3,350,000 3,572,232
Meritage Homes Corp., 7.0%, 4/1/22 7.0 04/01/2022 3,660,000 4,104,588
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 9.25 06/01/2020 1,990,000 2,209,632
BioScrip, Inc.     255,259 2,159,491
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 22.0304 06/06/2016 1,750,000 2,161,678
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 5.75 06/17/2017 8,541 8,584
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 6.5 12/15/2020 2,100,000 2,257,063
Sealy Corp., 8.0%, 7/15/16 (PIK) 8.0 07/15/2016 143,000 11,332,750
Athlon Holdings LP, 6.0%, 5/1/22 (144A) 6.0 05/01/2022 3,095,000 3,249,234
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 12.0 12/15/2019 1,595,000 1,826,275
Theravance, Inc., 2.125%, 1/15/23 2.125 01/15/2023 9,215,000 10,696,599
Antero Resources Finance Corp., 6.0%, 12/1/20 6.0 12/01/2020 3,360,000 3,598,672
Sanchez Energy Corp., 7.75%, 6/15/21 7.75 06/15/2021 5,075,000 5,715,190
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 8.375 09/30/2020 5,168,665 5,284,422
Concho Resources, Inc., 5.5%, 4/1/23 5.5 04/01/2023 3,675,000 4,006,720
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 6.2703 01/08/2015 250,000 252,954
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9692 05/15/2046 1,935,000 1,791,633
Exterran Holdings, Inc., 7.25%, 12/1/18 7.25 12/01/2018 1,725,000 1,829,231
JLL, 7.5%, 2/1/22 (144A) 7.5 02/01/2022 5,610,000 5,756,094
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.5203 04/30/2018 350,000 352,835
Green Field Energy Services, Inc., 11/15/21 (144A)   11/15/2021 2,275 2,286
Flextronics International, Ltd., 4.625%, 2/15/20 4.625 02/15/2020 1,380,000 1,410,259
T-Mobile USA, Inc., 6.731%, 4/28/22 6.731 04/28/2022 2,000,000 2,121,966
Halcon Resources Corp., 5.75% (Perpetual) 5.75   715 691,048
Regal Entertainment Group, 5.75%, 3/15/22 5.75 03/15/2022 425,000 447,097
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond)   05/25/2018 2,400,000 2,397,600
Aguila 3 SA, 7.875%, 1/31/18 (144A) 7.875 01/31/2018 1,700,000 1,779,156
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 8.625 11/01/2018 6,910,000 7,556,157
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19   07/18/2019 424,120 381,708
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 7.27 02/13/2015 500,000 506,757
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 0.0 12/31/2049 33,500 3,590,195
Fifth Third Bancorp, Floating Rate Note (Perpetual) 6.625 12/31/2049 76,950 2,114,586
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 9.25 06/01/2021 2,800,000 3,095,031
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 11.0 10/01/2016 2,400,000 2,389,267
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A)   06/07/2017 250,000 255,950
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 5.918 09/25/2036 1,560,000 1,415,231
Post Holdings, Inc., 7.375%, 2/15/22 7.375 02/15/2022 2,100,000 2,211,453
FTS International, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 1,275,000 1,333,349
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 11.5 02/15/2018 8,775,000 2,786,977
Cigna Corp.     67,800 6,413,880
CenturyLink, Inc., 5.8%, 3/15/22 5.8 03/15/2022 3,625,000 3,920,740
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 8.625 06/15/2019 3,500,000 3,692,281
Lam Research Corp., 1.25%, 5/15/18 1.25 05/15/2018 5,491,000 7,405,414
Tesoro Corp., 5.375%, 10/1/22 5.375 10/01/2022 5,445,000 5,688,645
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 6.125 09/15/2023 3,285,000 3,705,720
Legacy Reserves LP, 6.625%, 12/1/21 6.625 12/01/2021 3,350,000 3,446,743
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 8.75 02/01/2016 1,532,000 1,579,183
CWGS Group LLC, Term Loan, 2/20/20 5.75 02/20/2020 7,105,063 7,153,910
Forest City Enterprises, Inc.     510,781 10,624,245
Commercial Vehicle Group, Inc.     482,433 3,869,113
Citigroup, Inc., Floating Rate Note (Perpetual) 7.125   411,000 11,442,240
Morgan Stanley, Floating Rate Note (Perpetual) 7.125   189,000 5,254,200
WebMD Health Corp., 2.5%, 1/31/18 2.5 01/31/2018 6,420,000 6,814,563
Equinix, Inc., 5.375%, 4/1/23 5.375 04/01/2023 5,465,000 5,695,877
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 4.25 05/31/2019 1,188,003 1,187,112
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 6.5 07/22/2020 1,232,125 1,239,826
Cincinnati Bell, Inc., 8.375%, 10/15/20 8.375 10/15/2020 13,358,000 14,912,955
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6.75 10/01/2020 6,445,000 6,045,007
Kane- Pi3 Zero% 18jul16 0.0 07/18/2016 4,010,500 4,209,020
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 6.75 04/01/2020 5,360,000 5,750,945
Kane Flt% 30jul16   07/30/2016 1,450,000 1,507,710
USI, Inc. New York, 7.75%, 1/15/21 (144A) 7.75 01/15/2021 4,900,000 5,094,469
DynCorp International, Inc., 10.375%, 7/1/17 10.375 07/01/2017 1,583,000 1,510,979
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 6.75 05/01/2019 4,250,000 4,584,953
PDC Energy, Inc., 7.75%, 10/15/22 7.75 10/15/2022 4,960,000 5,575,350
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 2.875 01/15/2021 5,787,000 6,306,926
Citigroup, Inc., Floating Rate Note (Perpetual) 5.9 12/31/2049 2,375,000 2,388,272
Live Nation Entertainment, Inc., 7.0%, 9/1/20 (144A) 7.0 09/01/2020 3,050,000 3,392,532
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 6.0102 04/10/2015 250,000 256,302
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 4.7703 04/30/2018 2,575,000 2,623,453
The KEYW Holding Corp., 2.5%, 7/15/19 2.5 07/15/2019 2,150,000 2,154,479
Outerwall, Inc., 5.875%, 6/15/21 (144A) 5.875 06/15/2021 4,010,000 4,012,882
TIBCO Software, Inc., 2.25%, 5/1/32 2.25 05/01/2032 3,900,000 3,943,631
PetroQuest Energy, Inc., 6.875% (Perpetual) 6.875   59,180 2,707,485
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 3.75 08/20/2025 700,000 437,775
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 7.0 05/15/2018 2,000,000 2,145,833
Talos Production LLC, 9.75%, 2/15/18 (144A) 9.75 02/15/2018 3,000,000 3,132,188
United Airlines, Inc., 4.5%, 1/15/15 4.5 01/15/2015 2,575,000 6,526,016
Oasis Petroleum, Inc., 6.5%, 11/1/21 6.5 11/01/2021 2,820,000 3,070,941
DR Horton, Inc., 5.75%, 8/15/23 5.75 08/15/2023 5,045,000 5,372,399
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 6.5 04/15/2021 6,525,000 6,685,406
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5.0 03/15/2022 5,445,000 5,609,106
Alliance One International, Inc., 9.875%, 7/15/21 9.875 07/15/2021 8,460,000 8,564,428
LyondellBasell Industries NV     78,836 9,014,897
Comstock Resources, Inc., 7.75%, 4/1/19 7.75 04/01/2019 3,832,000 4,213,577
Frontier Communications Corp., 8.5%, 4/15/20 8.5 04/15/2020 9,705,000 11,591,409
Cinedigm Digital Funding I LLC, Term Loan, 2/28/18 3.75 03/31/2016 1,213,075 1,215,350
Axiall Corp.     186,606 7,759,077
syncreon Group BV, 8.625%, 11/1/21 (144A) 8.625 11/01/2021 3,500,000 3,564,786
General Cable Corp., 4.5%, 11/15/29 (Step) 4.5 11/15/2029 10,874,000 9,800,193
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 10.3601 04/09/2015 250,000 259,903
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 7.5 09/15/2020 2,150,000 2,374,406
Marathon Oil Corp.     147,800 6,161,782
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18 8.625 10/15/2018 10,236,000 11,066,076
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 4.0 05/26/2053 1,400,000 1,040,388
EPL Oil & Gas, Inc., 8.25%, 2/15/18 8.25 02/15/2018 5,205,000 5,535,192
Key Energy Services, Inc., 6.75%, 3/1/21 6.75 03/01/2021 2,555,000 2,679,077
Dartmouth Zero% 31dec14 0.0 12/31/2014 4,080,000 3,982,488
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 4.0 04/27/2054 1,000,000 987,493
Viasystems, Inc., 7.875%, 5/1/19 (144A) 7.875 05/01/2019 5,300,000 5,623,466
NuStar Logistics LP, Floating Rate Note, 1/15/43 7.625 01/15/2043 130,000 3,510,000
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 12.0304 06/06/2015 3,450,000 3,708,520
Aetna, Inc.     108,880 8,942,314
Gannett Co, Inc., 6.375%, 10/15/23 (144A) 6.375 10/15/2023 6,170,000 6,703,127
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 7.25 01/15/2018 3,100,000 3,259,844
BioMarin Pharmaceutical, Inc., 1.5%, 10/15/20 1.5 10/15/2020 1,920,000 2,143,200
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 6.75 12/01/2021 1,775,000 1,837,902
Kennametal, Inc.     139,920 6,269,815
BioScrip, Inc., 8.875%, 2/15/21 (144A) 8.875 02/15/2021 3,675,000 3,798,840
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 2.25 05/15/2041 3,755,000 3,770,255
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 3.9853 05/18/2016 1,500,000 1,526,565
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 5.9692 05/15/2046 595,000 494,962
Reynolds Group Issuer, Inc., 9.0%, 4/15/19 9.0 04/15/2019 800,000 867,000
Offshore Group Investment, Ltd., 7.5%, 11/1/19 7.5 11/01/2019 3,650,000 3,822,615
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3.5 03/01/2021 3,365,000 3,963,269
Gibraltar Industries, Inc., 6.25%, 2/1/21 6.25 02/01/2021 2,750,000 2,866,970
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 3.5 02/06/2020 7,575,000 7,485,047
EP Energy LLC, 9.375%, 5/1/20 9.375 05/01/2020 13,000,000 15,060,365
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6.0 12/31/2049 20,400 2,241,552
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 5.0 08/25/2053 2,513,900 2,400,948
TE Connectivity, Ltd.     58,898 3,691,727
Halcon Resources Corp.     9,222 50,721
EMC Corp./MA     103,800 3,065,214
Ship Midco, Ltd., Facility B2A-II, 11/29/19 5.25 08/06/2017 2,469,527 2,487,278
NuVasive, Inc., 2.75%, 7/1/17 2.75 07/01/2017 459,000 519,304
NeuStar, Inc., 4.5%, 1/15/23 4.5 01/15/2023 5,048,000 4,432,775
Bankrate, Inc., 6.125%, 8/15/18 (144A) 6.125 08/15/2018 3,400,000 3,510,677
AMG Capital Trust II, 5.15%, 10/15/37 5.15 10/15/2037 48,000 3,081,000
Rexel SA, 5.25%, 6/15/20 (144A) 5.25 06/15/2020 5,200,000 5,360,875
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 3.755 06/15/2029 4,270,000 4,261,245
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 6.875 08/01/2022 2,000,000 1,996,424
Jarden Corp., 1.125%, 3/15/34 (144A) 1.125 03/15/2034 5,470,000 5,665,382
Brown Shoe Co, Inc., 7.125%, 5/15/19 7.125 05/15/2019 2,350,000 2,528,086
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 11.28 11/10/2015 375,000 391,777
Itron, Inc.     46,931 1,981,427
Navistar International Corp., 8.25%, 11/1/21 8.25 11/01/2021 6,850,000 7,293,680
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 8.3804 02/05/2015 1,200,000 1,232,237
Starbucks Corp.     59,425 4,623,859
Boart Longyear Management Pty, Ltd., 10.0%, 10/1/18 (144A) 10.0 10/01/2018 2,755,000 2,999,889
North Atlantic Drilling, Ltd., 6.25%, 2/1/19 (144A) 6.25 02/01/2019 5,000,000 4,875,174
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 5.375 01/15/2023 7,715,000 7,764,826
Crown Cork & Seal Co, Inc., 7.375%, 12/15/26 7.375 12/15/2026 13,120,000 14,830,383
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 4.75 01/01/2025 5,900,000 6,089,619
Level 3 Financing Inc Bridge L + 4.25% 15jun15 4.4807 06/15/2015 6,015,000 6,015,000
Altair Re, Floating Rate Note, 4/30/16 (Cat Bond) 0.0 04/30/2016 1,515,236 323,806
WEX, Inc., 4.75%, 2/1/23 (144A) 4.75 02/01/2023 1,770,000 1,705,973
Horizon Lines, Inc.     4,099,666 1,639,866
Mueller Water Products, Inc., 7.375%, 6/1/17 7.375 06/01/2017 6,155,000 6,359,547
Gulfport Energy Corp., 7.75%, 11/1/20 7.75 11/01/2020 7,615,000 8,381,206
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 6.5 07/01/2036 13,206,505 1,546,262
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 7.5175 04/09/2015 2,000,000 2,051,583
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 12.7775 12/06/2016 2,100,000 2,358,099
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 (144A) 1.875 09/01/2020 6,805,000 7,795,624
CCO Holdings LLC, 6.5%, 4/30/21 6.5 04/30/2021 9,250,000 10,028,542
Emulex Corp., 1.75%, 11/15/18 (144A) 1.75 11/15/2018 3,295,000 2,992,615
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 0.0 03/01/2018 3,587 120,099
Voya Financial, Inc., Floating Rate Note, 5/15/53 5.65 05/15/2053 4,200,000 4,342,713
Dana Holding Corp., 6.0%, 9/15/23 6.0 09/15/2023 4,650,000 5,080,125
Kodiak Oil & Gas Corp., 8.125%, 12/1/19 8.125 12/01/2019 5,200,000 5,824,451
Hologic, Inc., 2.0%, 3/1/42 (Step) 2.0 03/01/2042 3,450,000 3,738,746
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 1.0 12/01/2020 6,345,000 6,091,024
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 4.0 03/01/2020 1,421,083 1,414,570
Ferrellgas LP, 6.5%, 5/1/21 6.5 05/01/2021 1,850,000 1,940,624
RKI Exploration & Production LLC, 8.5%, 8/1/21 (144A) 8.5 08/01/2021 7,285,000 7,881,257
National Surgical Hospitals, Inc., Tranche B-2 Term Loan, 7/11/19 5.25 07/11/2019 1,513,563 1,527,752
Salix Pharmaceuticals, Ltd., 1.5%, 3/15/19 1.5 03/15/2019 4,270,000 10,498,863
WellCare Health Plans, Inc., 5.75%, 11/15/20 5.75 11/15/2020 5,370,000 5,654,722
Berkeley-Kane Flt% 12jun15   06/12/2015 1,004,200 1,018,158
Standard Aero, Ltd., Replacement Tranche B-2 Loan, 11/2/18 5.0 11/02/2018 875,796 881,270
Nationstar Mortgage LLC, 6.5%, 7/1/21 6.5 07/01/2021 11,350,000 11,243,909
Targa Resources Partners LP, 4.25%, 11/15/23 4.25 11/15/2023 4,685,000 4,731,362
Regal Entertainment Group, 5.75%, 2/1/25 5.75 02/01/2025 4,895,000 4,929,911
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 8.5 05/15/2018 7,495,000 8,027,457
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 0.0 12/01/2018 2,150,000 2,332,105
ViaSat, Inc., 6.875%, 6/15/20 6.875 06/15/2020 3,000,000 3,252,969
PDL BioPharma, Inc., 4.0%, 2/1/18 4.0 02/01/2018 5,375,000 6,094,429
Hexion US Finance Corp., 8.875%, 2/1/18 8.875 02/01/2018 2,756,000 2,879,053
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 5.625 02/01/2021 6,775,000 7,178,324
DryShips, Inc., 5.0%, 12/1/14 5.0 12/01/2014 500,000 504,618
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 10.75 10/01/2020 4,155,000 4,781,337
Universal Hospital Services, Inc., 7.625%, 8/15/20 7.625 08/15/2020 1,265,000 1,269,019
Ally Financial, Inc., 7.0% (Perpetual) (144A) 7.0   6,450 6,517,121
Seitel, Inc., 9.5%, 4/15/19 9.5 04/15/2019 2,955,000 3,267,122
Forest City Enterprises, Inc., 3.625%, 8/15/20 3.625 08/15/2020 4,885,000 5,206,850
SEACOR Holdings, Inc., 3.0%, 11/15/28 (144A) 3.0 11/15/2028 2,170,000 2,089,981
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 9.03 03/16/2016 400,000 434,440
Cott Beverages, Inc., 5.375%, 7/1/22 (144A) 5.375 07/01/2022 3,995,000 4,014,392
Halcon Resources Corp., 8.875%, 5/15/21 8.875 05/15/2021 7,255,000 7,823,686
Lennar Corp., 4.5%, 6/15/19 4.5 06/15/2019 4,150,000 4,271,906
Nationstar Mortgage LLC, 6.5%, 6/1/22 6.5 06/01/2022 1,515,000 1,509,045
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 9.875 08/15/2019 4,565,000 5,080,227
Shutterfly, Inc., 0.25%, 5/15/18 0.25 05/15/2018 7,455,000 7,861,142
Kane-Pi3 Flt% 07apr15 4.839 04/07/2015 1,255,400 1,292,184
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 5.25 11/25/2032 3,319,000 905,923
The Ryland Group, Inc., 5.375%, 10/1/22 5.375 10/01/2022 2,540,000 2,569,519
Chesapeake Energy Corp., 5.375%, 6/15/21 5.375 06/15/2021 8,435,000 9,014,467
Kane Flt% 14jul15 0.0 07/14/2015 1,018,720 971,146
Halcon Resources Corp., 9.25%, 2/15/22 9.25 02/15/2022 3,225,000 3,475,273
Ascent Capital Group, Inc., 4.0%, 7/15/20 4.0 07/15/2020 2,710,000 2,496,588
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 12.0 07/01/2019 3,055,000 3,199,094
Hexion US Finance Corp., 9.0%, 11/15/20 9.0 11/15/2020 2,445,000 2,539,744
Orbital Sciences Corp.     150,232 4,021,711
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 8.9304 12/06/2015 1,750,000 1,857,299
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 8.5175 04/09/2015 1,150,000 1,185,148
Northern Oil and Gas, Inc., 8.0%, 6/1/20 8.0 06/01/2020 4,125,000 4,412,833
James River Coal Co., 7.875%, 4/1/19 7.875 04/01/2019 4,170,000 341,810
Nationstar Mortgage LLC, 6.5%, 8/1/18 6.5 08/01/2018 1,820,000 1,847,730
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 10.0304 06/06/2016 1,100,000 1,235,312
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 17.9821 01/07/2015 1,250,000 1,335,023
Freeport-McMoRan, Inc.     389,664 14,172,080
Entegris, Inc., 6.0%, 4/1/22 (144A) 6.0 04/01/2022 5,100,000 5,379,650
CHS, 8.0%, 11/15/19 8.0 11/15/2019 16,400,000 18,217,667
Vertafore, Inc., Term Loan (2013), 10/3/19 4.25 10/20/2019 668,841 669,259
QR Energy LP, 9.25%, 8/1/20 9.25 08/01/2020 3,075,000 3,536,101
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 6.375 04/15/2022 3,200,000 3,311,900
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 12.0203 03/12/2015 2,400,000 2,521,440
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 19.0304 12/06/2016 950,000 1,114,978
Axalta Coating Systems US Holdings, Inc., Refinanced Term B Loan, 2/1/20 4.0 02/01/2020 1,570,285 1,563,633
Cubist Pharmaceuticals, Inc.     104,790 7,233,654
CNL Lifestyle Properties, Inc., 7.25%, 4/15/19 7.25 04/15/2019 9,550,000 10,143,891
Cambium Learning Group, Inc., 9.75%, 2/15/17 9.75 02/15/2017 3,695,000 3,746,961
Green Field Energy Services, Inc., 0.0%, 11/15/16 (144A) 0.0 11/15/2016 54,000 13,562
Alpha Natural Resources, Inc., 3.75%, 12/15/17 3.75 12/15/2017 4,705,000 4,094,820
Insulet Corp., 2.0%, 6/15/19 2.0 06/15/2019 960,000 1,021,920
PPL Capital Funding, Inc., 5.9%, 4/30/73 5.9 04/30/2073 214,000 5,208,760
AES Corp. Virginia, 5.5%, 3/15/24 5.5 03/15/2024 1,650,000 1,722,485
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 5.5 01/15/2021 1,400,000 1,486,625
Windstream Holdings, Inc.     585,800 6,619,540
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 7.375 11/01/2021 2,275,000 2,232,107
Alere, Inc., 3.0%, 5/15/16 3.0 05/15/2016 9,460,000 10,015,775
MMM Holdings, Inc., MMM Term Loan, 12/12/17 9.75 10/09/2017 814,722 819,814
Bristow Group, Inc., 6.25%, 10/15/22 6.25 10/15/2022 4,245,000 4,567,355
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 5.25 02/01/2021 4,350,000 4,324,897
Molina Healthcare, Inc., 1.125%, 1/15/20 1.125 01/15/2020 4,225,000 5,464,113
Denbury Resources, Inc., 5.5%, 5/1/22 5.5 05/01/2022 4,670,000 4,872,367
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 9.875 08/15/2018 1,675,000 1,794,954
Lear Corp., 11/9/14   11/09/2014 2,230 450,817
Energy Transfer Equity LP, 5.875%, 1/15/24 5.875 01/15/2024 3,520,000 3,743,850
CenturyLink, Inc., 6.45%, 6/15/21 6.45 06/15/2021 3,300,000 3,657,844
The Ryland Group, Inc., 0.25%, 6/1/19 0.25 06/01/2019 2,870,000 2,713,924
Surgery Center Holdings, Inc., Term Loan (First Lien), 4/11/19 6.0 04/11/2019 1,915,875 1,918,270
CEVA GROUP Plc, 0.0%, 12/31/14 0.0 12/31/2014 4,940 5,928,060
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 8.0 11/15/2018 1,600,000 1,745,333
Seagate HDD Cayman, 4.75%, 6/1/23 4.75 06/01/2023 4,300,000 4,490,245
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 7.0 11/15/2020 4,300,000 787,596
CEVA GROUP Plc     2,282 2,738,472
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 7.625 08/15/2021 3,635,000 3,919,174
WCA Waste Corp., Term Loan, 3/23/18 4.0 03/23/2018 620,713 620,454
Polymet Mining Corp.     1,181,694 1,358,948
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 8.6 04/08/2016 1,450,000 1,520,414
Corsicanto, Ltd., 3.5%, 1/15/32 3.5 01/15/2032 4,815,000 4,180,022
T-Mobile USA, Inc., 6.5%, 1/15/24 6.5 01/15/2024 1,200,000 1,257,750
Auxilium Pharmaceuticals, Inc., 1.5%, 7/15/18 1.5 07/15/2018 9,880,000 10,034,375
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 7.375 02/01/2020 2,250,000 2,420,867
T-Mobile USA, Inc., 6.125%, 1/15/22 6.125 01/15/2022 965,000 1,007,370
Wells Fargo & Co., 7.5% (Perpetual) 7.5   2,000 2,431,940
Cengage Learning Holdings II LP     13,966 443,421
Standard Pacific Corp., 6.25%, 12/15/21 6.25 12/15/2021 6,975,000 7,484,320
Virtual Radiologic Corp., Term Loan A, 12/22/16 7.2528 11/03/2016 1,110,341 838,307
Windstream Corp., 7.75%, 10/15/20 7.75 10/15/2020 8,460,000 9,361,519
T-Mobile USA, Inc., 6.542%, 4/28/20 6.542 04/28/2020 4,300,000 4,540,005
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3.75 08/23/2019 7,462 7,446
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 20.0456 12/06/2017 250,000 268,381
Flextronics International, Ltd., 5.0%, 2/15/23 5.0 02/15/2023 2,295,000 2,374,369
BioScrip, Inc., Initial Term B Loan, 7/31/20 6.5 07/22/2020 2,053,542 2,066,377
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 0.0 03/30/2019 1,250,000 1,307,875
Bayview Opportunity Master Fund Trust 2013-3RPL, 4.0%, 4/28/18 (Step) (144A) 4.0 04/28/2018 1,000,000 996,618
Live Nation Entertainment, Inc., 5.375%, 6/15/22 (144A) 5.375 06/15/2022 1,300,000 1,348,077
T-Mobile USA, Inc., 6.633%, 4/28/21 6.633 04/28/2021 2,865,000 3,032,305
Waters Corp.     17,606 1,820,989
Windstream Corp., 7.5%, 6/1/22 7.5 06/01/2022 11,030,000 12,199,640
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 6.375 04/01/2021 5,400,000 5,920,481
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 9.2804 06/06/2017 800,000 861,792
Tronox Finance LLC, 6.375%, 8/15/20 6.375 08/15/2020 5,195,000 5,364,649
ServiceNow, Inc., 0.0%, 11/1/18 (144A) 0.0 11/01/2018 2,235,000 2,429,166
BioMarin Pharmaceutical, Inc., 0.75%, 10/15/18 0.75 10/15/2018 1,920,000 2,069,400
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 6.875 02/15/2019 2,950,000 3,039,576
Hologic, Inc., 2.0%, 12/15/37 (Step) 2.0 12/15/2037 2,081,000 2,531,883
Linn Energy LLC, 6.25%, 11/1/19 6.25 11/01/2019 14,935,000 15,728,940
SandRidge Energy, Inc., 7.0% (Perpetual) 7.0   33,162 3,208,424
TMS International Corp., 7.625%, 10/15/21 (144A) 7.625 10/15/2021 2,165,000 2,362,218
GLP Capital LP, 4.375%, 11/1/18 4.375 11/01/2018 2,075,000 2,182,821
GLP Capital LP, 4.875%, 11/1/20 4.875 11/01/2020 3,250,000 3,448,622
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 9.0 04/01/2022 4,030,000 4,623,418
Akamai Technologies, Inc., 0.0%, 2/15/19 (144A) 0.0 02/15/2019 4,555,000 4,685,956
Crestwood Midstream Partners LP, 6.125%, 3/1/22 (144A) 6.125 03/01/2022 4,810,000 5,124,838
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 3.2306 04/23/2020 8,512,680 8,488,743
Videotron, Ltd., 5.375%, 6/15/24 (144A) 5.375 06/15/2024 9,050,000 9,332,341
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 6.75 01/31/2021 3,350,000 3,435,844
Ciena Corp., 0.875%, 6/15/17 0.875 06/15/2017 9,000,000 9,016,406
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 7.5 05/08/2021 3,863,910 3,883,230
Sprint Corp., 7.25%, 9/15/21 (144A) 7.25 09/15/2021 2,490,000 2,722,141
KB Home, 1.375%, 2/1/19 1.375 02/01/2019 11,400,000 11,434,002
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 6.0 06/15/2021 2,350,000 2,520,375
Thermo Fisher Scientific, Inc.     95,749 11,509,987
Approach Resources, Inc., 7.0%, 6/15/21 7.0 06/15/2021 1,205,000 1,270,773
Cobalt International Energy, Inc., 2.625%, 12/1/19 2.625 12/01/2019 8,895,000 7,896,444
NCR Corp.     101,437 3,465,088
Pangaea Zero% 01jul18 0.0 07/01/2018 5,120,000 5,266,432
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 8.1046 01/07/2016 450,000 471,772
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 10.0 08/15/2021 4,460,000 4,545,483
Gentiva Health Services, Inc., 11.5%, 9/1/18 11.5 09/01/2018 684,000 772,702
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 16.28 11/10/2015 1,200,000 1,245,932
j2 Global, Inc., 8.0%, 8/1/20 8.0 08/01/2020 6,085,000 6,687,077
Affinion Group, Inc., Tranche B Term Loan, 10/9/16 6.75 10/09/2016 1,993,062 1,978,668
Intelsat Luxembourg SA, 7.75%, 6/1/21 7.75 06/01/2021 3,900,000 4,189,223
Arlington Flt% 01aug15 0.0 08/01/2015 1,200,000 1,229,760
Penn Virginia Corp., 7.25%, 4/15/19 7.25 04/15/2019 5,845,000 6,223,098
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 8.0 07/01/2019 4,155,000 4,231,637
Monitronics International, Inc., Term B Loan (2013), 3/23/18 4.25 03/23/2018 5,978,019 5,988,295
Numericable Group SA, 6.0%, 5/15/22 (144A) 6.0 05/15/2022 1,575,000 1,626,188
PC Nextco Holdings LLC, 8.75%, 8/15/19 (144A) 8.75 08/15/2019 2,805,000 2,892,364
GS Mortgage Securities Corp II Series 2004-GG2, Floating Rate Note, 8/10/38 5.9657 08/10/2038 1,000,000 1,003,594
United Continental Holdings, Inc., 6.0%, 7/15/26 6.0 07/15/2026 3,200,000 3,142,000
Bombardier, Inc., 6.0%, 10/15/22 (144A) 6.0 10/15/2022 4,335,000 4,517,070
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 6.25 05/01/2024 1,450,000 1,529,599
Mentor Graphics Corp., 4.0%, 4/1/31 4.0 04/01/2031 5,815,000 7,248,721
TMX Finance LLC, 8.5%, 9/15/18 (144A) 8.5 09/15/2018 3,265,000 3,579,936
SunPower Corp., 0.875%, 6/1/21 (144A) 0.875 06/01/2021 2,860,000 3,335,604
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 8.25 02/15/2021 6,700,000 7,334,406
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 4.75 01/31/2021 2,583,525 2,586,754
Sector Re V, Ltd., 0.0%, 12/1/17 (Cat Bond) (144A) 0.0 12/01/2017 13,799 0
Albany Molecular Research, Inc., 2.25%, 11/15/18 (144A) 2.25 11/15/2018 3,755,000 5,340,314
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 6.75 04/15/2022 5,475,000 5,564,995
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 3.657 06/11/2027 2,650,000 2,640,940
Nu Skin Enterprises, Inc.     43,613 1,950,373
General Cable Corp.     667,230 14,325,428
Frontier Communications Corp., 7.125%, 1/15/23 7.125 01/15/2023 4,750,000 5,053,555
Swift Energy Co., 7.875%, 3/1/22 7.875 03/01/2022 14,720,000 15,958,780
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 8.0325 07/09/2015 500,000 520,778
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 5.58 06/25/2058 400,000 415,134
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 8.25 03/15/2018 2,855,000 2,998,642
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 5.75 03/28/2019 2,320,625 2,317,242
Cepheid, 1.25%, 2/1/21 (144A) 1.25 02/01/2021 1,905,000 1,823,574
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 6.1931 02/10/2051 2,000,000 2,070,284
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 8.53 05/09/2016 1,000,000 1,062,864
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 4.0203 05/05/2017 1,600,000 1,619,467
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 8.7804 06/06/2015 800,000 850,848
Kane Flt% 12jun15   06/12/2015 3,040,000 2,753,024
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 8.5 03/13/2018 13,890,043 13,910,878
ARIAD Pharmaceuticals, Inc., 3.625%, 6/15/19 (144A) 3.625 06/15/2019 2,340,000 2,278,226
DAE Aviation Holdings, Inc., Replacement Tranche B-1 Loan, 11/2/18 5.0 11/02/2018 1,931,898 1,942,765
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 1.0 12/06/2016 250,000 263,769
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 0.0 09/16/2016 2,000,000 2,360,000
RTI International Metals, Inc., 1.625%, 10/15/19 1.625 10/15/2019 3,805,000 3,918,555
Jazz Investments I, Ltd., 1.875%, 8/15/21 (144A) 1.875 08/15/2021 2,050,000 2,311,909
NANA Development Corp., 9.5%, 3/15/19 (144A) 9.5 03/15/2019 1,800,000 1,815,375
Liberty Media Corp., 1.375%, 10/15/23 (144A) 1.375 10/15/2023 4,425,000 4,566,738
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 13.5304 02/05/2015 1,500,000 1,562,325
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 4.25 07/01/2021 3,018,689 3,018,689
APERAM, 7.375%, 4/1/16 (144A) 7.375 04/01/2016 2,615,000 2,753,659
Marathon Petroleum Corp.     73,900 6,725,639
Chemtura Corp., 5.75%, 7/15/21 5.75 07/15/2021 2,725,000 2,853,586
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 7.4325 01/09/2017 1,800,000 1,866,940
Ferrellgas LP, 6.75%, 1/15/22 (144A) 6.75 01/15/2022 3,585,000 3,740,723
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 1.125 09/01/2018 4,900,000 5,469,472
Alere, Inc., 3.0% (Perpetual) 3.0   83,308 26,306,584
ON Semiconductor Corp., 2.625%, 12/15/26 2.625 12/15/2026 16,914,000 20,082,732
Fannie Mae, 0.5%, 12/15/33 (144A) 0.5 12/15/2033 4,050,000 4,039,031
Frontier Communications Corp., 8.75%, 4/15/22 8.75 04/15/2022 3,100,000 3,713,219
Rosetta Resources, Inc., 5.875%, 6/1/22 5.875 06/01/2022 8,170,000 8,492,914
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 8.0304 06/06/2016 500,000 550,844
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 6.625 12/01/2021 3,850,000 3,961,182
Altrl Flt% 30jun16   06/30/2016 6,500,000 6,805,500
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 7.0 12/01/2018 1,800,000 1,903,150
Rice Energy, Inc., 6.25%, 5/1/22 (144A) 6.25 05/01/2022 3,295,000 3,440,644
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 6.625 12/15/2022 1,150,000 1,217,622
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 8.0 12/01/2018 1,750,000 1,854,611
Exterran Partners LP, 6.0%, 4/1/21 6.0 04/01/2021 2,750,000 2,845,792
Vanguard Natural Resources LLC, 7.875%, 4/1/20 7.875 04/01/2020 4,700,000 5,146,941
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 7.5 12/01/2020 2,435,000 2,632,336
WESCO Distribution, Inc., 5.375%, 12/15/21 5.375 12/15/2021 5,145,000 5,266,926
Aviv Healthcare Properties LP, 7.75%, 2/15/19 7.75 02/15/2019 2,675,000 2,837,451
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 16.5253 01/27/2015 875,000 897,247
NRG Energy, Inc., 7.625%, 1/15/18 7.625 01/15/2018 4,700,000 5,336,997
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 4.25 12/07/2019 1,241,557 1,240,771
ESCO Technologies, Inc.     28,022 1,008,792
Univision Communications, Inc., 6.875%, 5/15/19 (144A) 6.875 05/15/2019 6,035,000 6,518,114
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 8.5 10/15/2022 4,290,000 4,877,194
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 4.0 05/04/2018 2,403,903 2,397,035
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7.0 02/01/2021 7,901,000 7,510,998
KB Home, 7.0%, 12/15/21 7.0 12/15/2021 8,375,000 9,167,135
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 5.2855 03/07/2016 575,000 589,200
WebMD Health Corp., 1.5%, 12/1/20 (144A) 1.5 12/01/2020 5,145,000 5,713,951

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