Pioneer Global High Yield Fund

Top 10 Portfolio Holdings as of 4/29/2016
Default: sorted by market value

Security Name Par / Shares Market Value
14112z Zero% 01feb19 3,900,000 $116,610
17079z Zero% 31mar18 2,400,000 $168,000
AAF Holdings LLC, 12.375%, 7/1/19 (144A) (PIK) 2,691,826 $2,759,122
Abengoa Finance SAU, 6.0%, 3/31/21 (144A) 640,000 $85,282
Abengoa Finance SAU, 8.875%, 11/1/17 (144A) 6,900,000 $858,188
Access Bank Plc, Floating Rate Note, 6/24/21 (144A) 3,485,000 $2,983,829
Acgl Zero% 01jul16 1,300,000 $97,370
Adrbid 7.875% 15nov20 144a 3,000,000 $3,761,521
AEP Industries, Inc., 8.25%, 4/15/19 3,355,000 $3,426,014
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 2,149,130 $1,898,623
Africa Finance Corp., 4.375%, 4/29/20 (144A) 1,845,000 $1,915,863
Agrokor dd, 9.875%, 5/1/19 (144A) 3,200,000 $4,033,927
Alamo Re, Ltd., Floating Rate Note, 6/7/18 (Cat Bond) (144A) 450,000 $466,710
Alfa Bank AO Via Alfa Bond Issuance Plc, 7.5%, 9/26/19 (144A) 4,000,000 $4,259,167
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 1,009,596 $966,688
Alliance One International, Inc., 9.875%, 7/15/21 6,165,000 $5,311,618
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3,142 $3,151
Ally Financial, Inc., 4.625%, 5/19/22 150,000 $156,872
Ally Financial, Inc., 5.75%, 11/20/25 1,640,000 $1,702,712
Alpha Natural Resources, Inc., 6.0%, 6/1/19 315,000 $19,688
Altice Financing SA, 6.5%, 1/15/22 (144A) 2,800,000 $2,881,589
Altice Financing SA, 6.625%, 2/15/23 (144A) 320,000 $318,183
Altice Finco SA, 8.125%, 1/15/24 (144A) 600,000 $599,354
Altrl Zero% 30jun17 1,669,825 $271,681
Anac 2% 15apr23 144a 1,065,000 $1,223,567
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 4,440,000 $4,073,700
A Preference Tig Finco 1,390 $0
A Preference Tig Finco 4,840 $71
Ardagh Finance Holdings SA, 8.375%, 6/15/19 (144A) (PIK) 452,686 $553,428
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 2,362,015 $2,509,838
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 2,400,000 $413,906
Ardagh Packaging Finance Plc, 9.25%, 10/15/20 (144A) 2,100,000 $2,534,690
Argent 7.5% 22apr26 144a 1,850,000 $1,881,219
Argos Merger Sub, Inc., 7.125%, 3/15/23 (144A) 2,285,000 $2,357,216
Arrgl Flt% 01may23 144a 145,000 $165,426
Ascent Resources - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 2,724,439 $119,639
Ascent Resources - Utica Llc 2nd Lien Tl L + 17.5% 01jul19 143,473 $36,227
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 810,000 $718,369
Ball Corp., 5.25%, 7/1/25 2,775,000 $2,967,530
Banbra Flt% 31dec49 Regs Perpetual 535,000 $401,651
Banco Macro SA, Floating Rate Note, 12/18/36 820,000 $853,637
Banco Nacional de Costa Rica, 6.25%, 11/1/23 (144A) 2,000,000 $2,064,500
Bank of America Corp., Floating Rate Note, 10/23/49 2,525,000 $2,660,298
Bank of America Corp., Floating Rate Note, 9/29/49 825,000 $836,115
Bank of America Corp., Floating Rate Note (Perpetual) 375,000 $396,159
Banque Centrale de Tunisie International Bond, 5.75%, 1/30/25 (144A) 2,655,000 $2,427,081
BBVA Bancomer SA Texas, 6.75%, 9/30/22 (144A) 1,250,000 $1,379,141
Belden, Inc., 5.25%, 7/15/24 (144A) 1,000,000 $990,458
Belden, Inc., 5.5%, 4/15/23 2,570,000 $2,987,685
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 411,787 $378,844
BioScrip, Inc., Initial Term B Loan, 7/31/20 686,312 $631,407
Blue Cube Spinco, Inc., 10.0%, 10/15/25 (144A) 460,000 $532,194
Blue Cube Spinco, Inc., 9.75%, 10/15/23 (144A) 460,000 $526,968
Blue Danube II, Ltd., Floating Rate Note, 5/23/16 (Cat Bond) (144A) 475,000 $479,330
BNP Paribas SA, Floating Rate Note (Perpetual) (144A) 3,625,000 $3,731,132
Boad 5.5% 06may21 144a 3,870,000 $3,874,644
Boing Group Financing Plc, 6.625%, 7/15/19 (144A) 3,285,000 $3,623,339
Boprln 5.5% 15jul21 144a 1,170,000 $1,625,830
B Preference Tig Finco 4,613,242 $5,593,390
Broadspectrum, Ltd., 8.375%, 5/15/20 (144A) 400,000 $449,540
Bslau 6.5% 15may21 144a 2,915,000 $2,973,300
Bumi Resources Tbk PT, Loan, 11/4/16 4,700,000 $940,000
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 2,535,000 $2,473,720
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 4,025,000 $2,788,878
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 3,045,000 $3,433,359
Cardtronics, Inc., 5.125%, 8/1/22 3,100,000 $3,147,500
Carrizo Oil & Gas, Inc., 6.25%, 4/15/23 3,225,000 $3,104,958
CCOH Safari LLC, 5.75%, 2/15/26 (144A) 1,615,000 $1,687,092
CEDC Finance Corp International, Inc., 10.0%, 4/30/18 (PIK) 2,632,642 $816,850
CEDC Finance Corp International, Inc., 10.0%, 4/30/18 (Step) 4,829,992 $3,478,802
Cemex SAB de CV, 3.72%, 3/15/20 4,875,000 $4,788,485
Cengage Learning Holdings II, Inc. 11,492 $221,221
Centene Corp., 5.625%, 2/15/21 (144A) 1,550,000 $1,650,750
Centene Corp., 6.125%, 2/15/24 (144A) 1,030,000 $1,100,669
CenturyLink, Inc., 5.625%, 4/1/25 2,260,000 $2,063,216
CenturyLink, Inc., 7.5%, 4/1/24 330,000 $332,544
CEVA GROUP Plc 1,584 $554,278
CEVA GROUP Plc, 0.0%, 12/31/14 3,428 $1,199,860
CFG Investment SAC, 9.75%, 7/30/19 (144A) 4,450,000 $3,308,111
Charter Communications Operating L 1st Lien Tl L + 0% 26may16 449,420 $449,420
Charter Communications Operating L 1st Lien Tl L + 0% 26may16 2,760,725 $2,760,725
CHS, 6.875%, 2/1/22 3,915,000 $3,610,364
Cimpress NV, 7.0%, 4/1/22 (144A) 3,650,000 $3,707,792
Cincinnati Bell, Inc., 8.375%, 10/15/20 2,290,000 $2,355,774
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 6,950,000 $5,882,540
Citigroup, Inc., Floating Rate Note (Perpetual) 346,000 $336,606
Citigroup, Inc., Floating Rate Note (Perpetual) 2,150,000 $2,171,404
Citigroup, Inc., Floating Rate Note (Perpetual) 854,000 $856,169
Citigroup Commercial Mortgage Trust 2014-GC23 REMICS, Floating Rate Note, 7/12/47 (144A) 1,500,000 $884,679
Citrix Systems, Inc., 0.5%, 4/15/19 1,840,000 $2,078,459
Clean Harbors, Inc., 5.125%, 6/1/21 (144A) 1,320,000 $1,358,088
Cliffs Natural Resources, Inc., 8.25%, 3/31/20 (144A) 0 $3,810
Cme: (Cdx.Na.Hy.25.V1) Usd 20dec20 Z91vrer63 4,415,000 $147,006
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 455,000 $408,745
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 1,480,000 $1,398,205
Cobalt International Energy, Inc., 2.625%, 12/1/19 4,155,000 $2,135,930
COMM 2007-C9 Mortgage Trust, Floating Rate Note, 12/10/49 (144A) 600,000 $566,291
CommScope, Inc., 5.0%, 6/15/21 (144A) 1,475,000 $1,524,986
CommScope Technologies Finance LLC, 6.0%, 6/15/25 (144A) 1,560,000 $1,634,360
Communications Sales & Leasing, Inc., 6.0%, 4/15/23 (144A) 2,620,000 $2,613,887
Comstock Resources, Inc., 9.5%, 6/15/20 274,000 $48,194
Concentra, Inc., Initial Term Loan (Second Lien), 4/8/23 2,790,000 $2,735,037
Continental Airlines 1998-1 Class B Pass Through Trust, 6.748%, 3/15/17 10,600,000 $1,238,208
Continental Resources, Inc., 3.8%, 6/1/24 2,385,000 $2,070,975
ContourGlobal Power Holdings SA, 7.125%, 6/1/19 (144A) 1,610,000 $1,641,697
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 5,750,000 $6,121,833
Countrywide Asset-Backed Certificates, Floating Rate Note, 11/25/34 1,700,000 $1,070,604
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 225,000 $217,986
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 2,250,000 $2,342,422
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 275,000 $261,111
CWGS Group LLC, Term Loan, 2/20/20 2,126,700 $2,124,042
Darling Global Finance BV, 4.75%, 5/30/22 (144A) 6,945,000 $8,376,193
DCP Midstream Operating LP, 5.6%, 4/1/44 1,288,000 $1,042,851
Denbury Resources, Inc., 5.5%, 5/1/22 3,595,000 $2,408,650
Desarrolladora Homex SAB de CV 1,443,476 $285,139
Digicel, Ltd., 6.0%, 4/15/21 (144A) 3,320,000 $3,046,653
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 1,335,000 $1,224,028
DPx Holdings BV, 7.5%, 2/1/22 (144A) 4,480,000 $4,620,000
DynCorp International, Inc., 10.375%, 7/1/17 2,433,000 $2,140,026
Ecuador Government International Bond, 10.5%, 3/24/20 (144A) 2,610,000 $2,494,616
Eden Re II, Ltd., 0.0%, 4/23/19 (Cat Bond) (144A) 800,000 $813,440
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 2,325,000 $2,272,261
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 2,250,000 $854,504
Endo Finance LLC, 5.875%, 1/15/23 (144A) 5,310,000 $5,176,181
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 2,995,000 $3,482,415
Enlk 5.05% 01apr45 448,000 $338,599
Enlk 5.6% 01apr44 1,299,000 $995,323
EPL Oil & Gas, Inc., 8.25%, 2/15/18 4,980,000 $348,600
EP PetroEcuador via Noble Sovereign Funding I, Ltd., Floating Rate Note, 9/24/19 2,510,000 $1,695,239
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 1,175,000 $1,126,779
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/10/19 (144A) 840,000 $730,815
Equinix, Inc., 5.375%, 4/1/23 955,000 $1,002,253
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 4,373,318 $4,296,785
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 5,800,000 $6,167,938
Far East Capital, Ltd. SA, 8.0%, 5/2/18 2,700,000 $1,146,900
First Data Corp., 7.0%, 12/1/23 (144A) 1,260,000 $1,334,585
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 3,370,000 $3,517,438
Flt% 15jun16 500,000 $505,350
Flt% 31mar19 490,000 $490,000
Flt% 31mar19 1,100,000 $1,101,760
FMG Resources August 2006 Pty, Ltd., 9.75%, 3/1/22 (144A) 1,800,000 $1,921,590
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 320,805 $303,602
Ford Motor Co. 270,899 $3,673,390
FPL Energy National Wind Portfolio LLC, 6.125%, 3/25/19 (144A) 1,865,000 $55,694
FPL Energy Wind Funding LLC, 6.876%, 6/27/17 (144A) 2,465,000 $165,473
Frontier Communications Corp., 8.5%, 4/15/20 1,690,000 $1,793,559
Frontier Communications Corp., 8.75%, 4/15/22 8,145,000 $8,074,863
Gabonese Republic, 6.375%, 12/12/24 690,000 $619,782
GCI, Inc., 6.75%, 6/1/21 500,000 $519,063
GCI, Inc., 6.875%, 4/15/25 4,275,000 $4,330,813
General Cable Corp., 4.5%, 11/15/29 (Step) 1,250,000 $852,500
General Cable Corp., 5.75%, 10/1/22 3,250,000 $2,932,448
Genesis Energy LP, 5.75%, 2/15/21 1,090,000 $1,038,180
GeoPark Latin America, Ltd. Agencia en Chile, 7.5%, 2/11/20 (144A) 3,260,000 $2,368,933
Ghgb 24.5% 22apr19 9,405,000 $2,515,925
Global Partners LP, 7.0%, 6/15/23 2,645,000 $2,293,385
GMAC Capital Trust I, Floating Rate Note, 2/15/40 355,600 $8,914,892
Golar LNG, Ltd., 3.75%, 3/7/17 2,800,000 $2,659,302
Golar LNG Partners LP, Floating Rate Note, 10/12/17 13,000,000 $1,569,707
Gol LuxCo SA, 8.875%, 1/24/22 (144A) 0 $84,294
Griffon Corp., 5.25%, 3/1/22 6,750,000 $6,842,813
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 148,000 $140,605
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 1,500,000 $1,356,003
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 2,050,000 $1,962,129
Gulfport Energy Corp., 7.75%, 11/1/20 4,990,000 $5,233,263
Halcon Resources Corp., 12.0%, 2/15/22 (144A) 1,634,000 $1,205,620
Hilcorp Energy I LP, 5.0%, 12/1/24 (144A) 3,790,000 $3,603,658
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 1,300,000 $664,279
Horizon Holdings III SASU, 5.125%, 8/1/22 (144A) 950,000 $1,158,576
Horizon Holdings I SASU, 7.25%, 8/1/23 (144A) 725,000 $899,902
IAC, 4.875%, 11/30/18 662,000 $695,397
Iap Worldwide Services Inc 63 $84,949
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 494,593 $491,501
Icon Health & Fitness, Inc., 11.875%, 10/15/16 (144A) 3,235,000 $3,149,971
Ineos Finance Plc, 4.0%, 5/1/23 (144A) 4,988,000 $5,685,929
ING Groep NV, Floating Rate Note, 12/29/49 3,525,000 $3,254,750
Instituto Costarricense de Electricidad, 6.95%, 11/10/21 (144A) 940,000 $989,832
Intelsat Luxembourg SA, 7.75%, 6/1/21 2,500,000 $905,729
Inter-American Development Bank, 6.0%, 9/5/17 42,350,000 $656,450
International Finance Corp., 7.75%, 12/3/16 241,840,000 $3,765,514
International Finance Corp., 8.25%, 6/10/21 240,670,000 $3,988,557
Intesa Sanpaolo S.p.A., Floating Rate Note (Perpetual) (144A) 4,825,000 $4,508,534
Inversiones Alsacia SA, 8.0%, 12/31/18 (144A) 5,992,701 $524,983
Jazz Investments I, Ltd., 1.875%, 8/15/21 400,000 $446,583
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 2,980,000 $3,158,800
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 3,800,000 $3,697,928
JBS USA LLC, 5.75%, 6/15/25 (144A) 3,135,000 $2,952,299
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 4,340,000 $4,212,151
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 2,100,000 $2,024,561
JP Morgan Mortgage Trust 2005-A1, Floating Rate Note, 2/25/35 5,923,886 $1,542,246
Kane Sac Zero% 15jun16 1,400,000 $1,399,860
Kane Zero% 30jun16 1,000,000 $30,000
Kane Zero% 30jun16 2,600,000 $51,220
Kane Zero% 30jun16 3,900,000 $79,560
KazMunayGas National Co JSC, 4.4%, 4/30/23 (144A) 1,000,000 $954,622
KB Home, 1.375%, 2/1/19 4,640,000 $4,467,450
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 2,175,000 $2,193,891
Kenya Government International Bond, 6.875%, 6/24/24 (144A) 3,130,000 $3,018,426
Kindred Healthcare, Inc., 6.375%, 4/15/22 2,400,000 $2,202,800
Kindred Healthcare, Inc., 8.0%, 1/15/20 1,320,000 $1,345,813
Lantheus Medical Imaging, Inc., Initial Term Loan, 6/25/22 5,075,536 $4,542,604
LDK Solar Co, Ltd., 5.535%, 12/31/18 2,393,896 $359,084
LDK Solar Co, Ltd. (A.D.R.) 158,800 $4,351
Lease Investment Flight Trust, Floating Rate Note, 7/15/31 12,652,000 $1,798,890
Lease Investment Flight Trust, Floating Rate Note, 7/15/31 1,102,000 $151,536
Lebac Zero% 11may16 33,494,289 $2,327,364
Lebac Zero% 28dec16 20,336,104 $1,189,571
Lennar Corp., 4.75%, 11/15/22 2,079,000 $2,155,721
Liberty Tire Recycling Llc 156,027 $1,560
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 3,461,374 $2,641,798
LKQ Corp., 4.75%, 5/15/23 1,250,000 $1,283,628
Lloyds Banking Group Plc, Floating Rate Note, 6/27/49 (Perpetual) 215,000 $241,758
Long Haul Holdings, Ltd., Facility B Loan, 11/17/13 1,034,769 $206,954
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 33,500 $83,750
Macquarie Bank, Ltd., 4.875%, 6/10/25 (144A) 2,475,000 $2,582,174
Marfrig Holdings Europe BV, 6.875%, 6/24/19 (144A) 3,615,000 $3,666,526
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 8,248,000 $8,839,450
Marie Brizard Wine & Spirits SA 87,811 $1,682,241
Marie Brizard Wine & Spirits SA, 12/23/16 29 $1
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 83,503 $3,513
Memorial Resource Development Corp., 5.875%, 7/1/22 2,870,000 $2,667,904
Mentor Graphics Corp., 4.0%, 4/1/31 490,000 $516,440
Mercer International, Inc., 7.0%, 12/1/19 2,025,000 $2,104,313
Mexican Udibonos, 2.0%, 6/9/22 35,138,000 $10,778,613
Mexican Udibonos, 3.5%, 12/14/17 1,720,000 $568,864
Mexico Government International Bond, 4.0%, 3/15/15 2,175,000 $2,173,873
MHP SA, 8.25%, 4/2/20 (144A) 5,300,000 $4,778,723
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 2,300,000 $123,146
Milea Flt% 15jul17 98,019,476 $916,496
Minerva Luxembourg SA, 12.25%, 2/10/22 (144A) 3,755,000 $4,041,553
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 8,150,000 $8,442,098
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 3,890,636 $1,569,926
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 2,000,000 $2,095,925
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 6.625%, 10/14/22 (144A) 700,000 $758,015
MMM Holdings, Inc., MMM Term Loan, 12/12/17 730,604 $476,719
Mobile Telesystems OJSC via MTS International Funding, Ltd., 5.0%, 5/30/23 (144A) 1,500,000 $1,529,583
Morgan Stanley, Floating Rate Note (Perpetual) 1,550,000 $1,559,830
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 531,145 $346,572
Namibia International Bonds, 5.25%, 10/29/25 (144A) 1,415,000 $1,428,303
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,475,000 $1,290,092
National Surgical Hospitals, Inc., Term Loan (First Lien), 5/15/22 1,323,333 $1,304,277
Nationstar Mortgage LLC, 6.5%, 6/1/22 4,870,000 $4,307,921
Nationstar Mortgage LLC, 6.5%, 7/1/21 3,000,000 $2,697,500
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 3,650,000 $2,331,438
NeuStar, Inc., 4.5%, 1/15/23 1,700,000 $1,416,525
New World Resources NV, 4.0%, 10/7/20 (PIK) 256,063 $49,620
New World Resources NV, Floating Rate Note, 10/7/20 101,612 $15,126
New World Resources NV, Floating Rate Note, 10/7/20 135,483 $32,580
Nexteer Automotive Group, Ltd., 5.875%, 11/15/21 (144A) 1,462,000 $1,541,811
Non-Profit Preferred Funding Trust I, Floating Rate Note, 9/15/37 (144A) 8,875,000 $550,428
Novatek OAO via Novatek Finance, Ltd., 4.422%, 12/13/22 (144A) 1,955,000 $1,900,555
NRG Energy, Inc., 6.25%, 5/1/24 6,240,000 $6,279,000
Oasis Petroleum, Inc., 6.875%, 3/15/22 3,240,000 $2,920,163
Oasis Petroleum, Inc., 7.25%, 2/1/19 785,000 $760,294
Oct22 Homex* C @ 12500000000 297,012 $0
Oct22 Homex* C @ 15000000000 297,012 $0
ONEOK, Inc., 7.5%, 9/1/23 2,385,000 $2,444,625
Ormat Funding Corp., 8.25%, 12/30/20 10,665,000 $4,192,741
Outerwall, Inc., 5.875%, 6/15/21 3,865,000 $3,197,107
Pacific Exploration and Production Corp., 5.375%, 1/26/19 (144A) 7,570,000 $1,446,317
Pangaea Zero% 01jul18 4,070,000 $73,260
Panolam Holdings Co. 894 $770,628
PDC Energy, Inc., 7.75%, 10/15/22 1,745,000 $1,812,086
Pesquera Exalmar SAA, 7.375%, 1/31/20 (144A) 6,500,000 $4,947,425
Petrobras International Finance Co., 5.375%, 1/27/21 5,165,000 $4,662,883
Petroleos Mexicanos, 7.19%, 9/12/24 (144A) 8,650,000 $446,302
Post Holdings, Inc., 6.0%, 12/15/22 (144A) 5,340,000 $5,604,553
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 1,375,000 $1,479,851
Post Holdings, Inc., 7.75%, 3/15/24 (144A) 800,000 $877,922
Prince Mineral Holding Corp., 11.5%, 12/15/19 (144A) 860,000 $787,712
Province of Salta Argentina, 9.5%, 3/16/22 (144A) 3,600,000 $2,616,260
Provincia de Buenos Aires Argentina, 9.125%, 3/16/24 (144A) 1,380,000 $1,485,441
QEP Resources, Inc., 5.375%, 10/1/22 1,285,000 $1,223,293
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 6,520,000 $5,824,533
Red de Carreteras de Occidente SAPIB de CV, 9.0%, 6/10/28 (144A) 47,000,000 $2,824,637
Regional Care Hospital Partners In 1st Lien Bridge L + 0% 13apr17 2,665,000 $2,669,997
Rent-A-Center, Inc., 4.75%, 5/1/21 3,010,000 $2,513,350
Resilience Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) 900,000 $903,225
Resolute Forest Products, Inc., 5.875%, 5/15/23 3,735,000 $2,911,770
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 5,790,000 $6,023,884
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 3,785,000 $3,991,650
Rgcare 8.25% 01may23 144a 1,175,000 $1,222,539
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 2,200,000 $2,220,167
Rice Energy, Inc., 6.25%, 5/1/22 1,750,000 $1,787,188
Rice Energy, Inc., 7.25%, 5/1/23 975,000 $1,020,094
Romania Government Bond, 5.85%, 4/26/23 8,220,000 $2,427,619
Rowan Companies, Inc., 5.4%, 12/1/42 2,306,000 $1,562,315
Rowan Companies, Inc., 5.85%, 1/15/44 237,000 $165,835
Royal Bank of Scotland Group Plc, Floating Rate Note (Perpetual) 1,773,000 $1,711,523
Royal Bank of Scotland Group Plc, Floating Rate Note (Perpetual) 1,020,000 $957,738
Russian Railways via RZD Capital Plc, 3.3744%, 5/20/21 1,325,000 $1,552,835
Rwanda International Government Bond, 6.625%, 5/2/23 (144A) 2,000,000 $2,016,282
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 4,000,000 $4,031,250
Sabre GLBL, Inc., 5.375%, 4/15/23 (144A) 2,540,000 $2,590,518
Samarco Mineracao SA, 4.125%, 11/1/22 (144A) 1,960,000 $1,217,013
Samarco Mineracao SA, 5.75%, 10/24/23 (144A) 910,000 $549,565
Sappi Papier Holding GmbH, 4.0%, 4/1/23 (144A) 935,000 $1,093,060
Sberbank of Russia Via SB Capital SA, 5.25%, 5/23/23 (144A) 750,000 $743,844
Scientific Games International, Inc., 10.0%, 12/1/22 12,500,000 $10,852,083
Scientific Games International, Inc., 6.25%, 9/1/20 625,000 $408,073
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 7,176 $50,472
Sector Re V, Ltd., 0.0%, 12/1/20 (Cat Bond) (144A) 1,150,000 $1,176,220
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 2,000,000 $9,200
SM Energy Co., 5.0%, 1/15/24 455,000 $385,486
Sprint Corp., 7.25%, 9/15/21 9,770,000 $7,979,783
Sri Lanka Government International Bond, 6.85%, 11/3/25 (144A) 1,360,000 $1,385,178
Star Energy Geothermal Wayang Windu, Ltd., 6.125%, 3/27/20 (144A) 500,000 $507,807
SunPower Corp., 0.875%, 6/1/21 2,290,000 $1,833,193
Suntech Power Holdings Co, Ltd., 3.0%, 12/31/15 535,000 $157,405
Swift Energy Co 5,886 $125,078
Talen Energy Supply LLC, 4.625%, 7/15/19 (144A) 3,760,000 $3,548,004
Talen Energy Supply LLC, 6.5%, 6/1/25 3,225,000 $2,949,789
TAM Capital 3, Inc., 8.375%, 6/3/21 (144A) 3,250,000 $3,081,587
TA MFG., Ltd., 3.625%, 4/15/23 3,265,000 $3,476,007
Targa Resources Partners LP, 4.25%, 11/15/23 2,650,000 $2,494,915
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 5,695,000 $1,974,187
Taylor Morrison Communities, Inc., 5.875%, 4/15/23 (144A) 2,625,000 $2,625,292
Tbill Zero% 19may16 3,650,000 $3,649,734
Terraform Global Operating LLC, 9.75%, 8/15/22 (144A) 5,395,000 $4,892,366
TerraForm Power Operating LLC, 5.875%, 2/1/23 (144A) 590,000 $523,441
The Williams Companies, Inc., 4.55%, 6/24/24 1,375,000 $1,207,142
The Williams Companies, Inc., 5.75%, 6/24/44 2,850,000 $2,280,811
TIG FINCO Plc, 8.75%, 4/2/20 954,047 $1,184,761
TIG FINCO Plc, Floating Rate Note, 3/2/20 (144A) 168,361 $250,535
TI Group Automotive Systems LLC, 8.75%, 7/15/23 (144A) 2,475,000 $2,489,266
T-Mobile USA, Inc., 6.0%, 4/15/24 1,155,000 $1,214,194
Tonon Luxembourg SA, 10.5%, 5/14/24 (144A) 1,625,000 $848,589
Top Co 132,750 $1,939
Trade & Development Bank of Mongolia LLC, 9.375%, 5/19/20 (144A) 1,355,000 $1,316,662
Trader Corp., 9.875%, 8/15/18 (144A) 1,675,000 $1,772,732
Tronox Finance LLC, 7.5%, 3/15/22 (144A) 4,635,000 $3,891,469
Turkiye Is Bankasi, 5.375%, 10/6/21 (144A) 2,990,000 $3,062,094
UBS AG, 7.625%, 8/17/22 3,528,000 $4,116,907
Unifin Financiera SAB de CV SOFOM ENR, 6.25%, 7/22/19 (144A) 4,000,000 $3,923,950
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 2,750,000 $2,714,989
Unit Corp., 6.625%, 5/15/21 2,420,000 $1,713,478
Valeant Pharmaceuticals International, Inc., 4.5%, 5/15/23 3,475,000 $3,243,446
Valeant Pharmaceuticals International, Inc., 5.875%, 5/15/23 (144A) 4,180,000 $3,613,987
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 5,145,000 $4,260,060
Vers 2015-A Zero% 31dec17 3,800,000 $55,480
Vertafore, Inc., Term Loan (Second Lien), 10/29/17 2,000,000 $2,006,500
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 2,860,000 $2,699,204
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 3,375,000 $3,645,024
VimpelCom Holdings BV, 9.0%, 2/13/18 (144A) 124,400,000 $1,900,859
Vishay Intertechnology, Inc., 2.25%, 5/15/41 1,605,000 $1,253,505
Vnesheconombank Via VEB Finance Plc, 6.902%, 7/9/20 (144A) 2,725,000 $2,919,764
Votora 3.5% 13jul22 Regs 240,000 $237,614
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 775,000 $773,142
WebMD Health Corp., 1.5%, 12/1/20 2,645,000 $3,552,566
WellCare Health Plans, Inc., 5.75%, 11/15/20 3,130,000 $3,342,101
WESCO Distribution, Inc., 5.375%, 12/15/21 3,915,000 $4,053,221
Westgate Resorts 2014-A LLC, 6.25%, 10/20/26 (144A) 750,000 $336,518
Whiting Petroleum Corp., 1.25%, 4/1/20 (144A) 2,585,000 $1,954,368
Whiting Petroleum Corp., 5.0%, 3/15/19 575,000 $512,549
Whiting Petroleum Corp., 6.25%, 4/1/23 500,000 $418,854
Windstream Services LLC, 7.5%, 6/1/22 2,580,000 $2,196,225
Windstream Services LLC, 7.75%, 10/15/20 4,765,000 $4,326,308
YPF SA, 8.5%, 3/23/21 (144A) 1,435,000 $1,512,450
Zambia Government International Bond, 5.375%, 9/20/22 (144A) 3,700,000 $2,774,044
Zero% 01feb18 800,000 $813,840
Zero% 01feb18 1,750,000 $1,796,725
Zero% 17jan17 1,300,000 $1,361,799
Zero% 30nov20 1,600,000 $1,646,080
Zero% 30nov20 3,000,000 $3,074,700
Zero% 30nov20 3,500,000 $3,545,850
Zero% 30nov20 2,600,000 $2,652,260
Zero% 30nov20 3,500,000 $3,707,900
Zero% 31aug16 1,300,000 $1,480,440
ZF North America Capital, Inc., 4.75%, 4/29/25 (144A) 1,670,000 $1,733,066

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