Pioneer Global High Yield Fund

Top 10 Portfolio Holdings as of 7/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 2,450,000 $2,529,625
Abengoa Finance SAU, 6.0%, 3/31/21 (144A) 2,725,000 $3,844,084
Abengoa Finance SAU, 8.875%, 11/1/17 (144A) 6,900,000 $7,855,219
Access Bank Plc, Floating Rate Note, 6/24/21 (144A) 3,485,000 $3,622,682
Accudyne Industries Borrower, 7.75%, 12/15/20 (144A) 1,995,000 $2,109,519
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 3,225,000 $3,549,560
Advanced Micro Devices, Inc., 6.75%, 3/1/19 (144A) 5,070,000 $5,344,097
Advanced Micro Devices, Inc., 7.0%, 7/1/24 (144A) 1,965,000 $1,933,069
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 1,034,998 $1,038,448
AEP Industries, Inc., 8.25%, 4/15/19 3,355,000 $3,604,249
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 3,775,000 $3,466,991
AES Corp. Virginia, 5.5%, 3/15/24 1,350,000 $1,352,700
Affinion Group, Inc., Tranche B Term Loan, 10/9/16 2,187,507 $2,172,696
Agrokor dd, 8.875%, 2/1/20 (144A) 1,960,000 $2,255,225
Agrokor dd, 9.875%, 5/1/19 (144A) 3,200,000 $4,863,405
Aguila 3 SA, 7.875%, 1/31/18 (144A) 3,900,000 $4,234,791
Aircraft Finance Trust, Floating Rate Note, 5/15/24 11,396,000 $2,741,810
Akbank TAS, 7.5%, 2/5/18 (144A) 4,500,000 $2,020,477
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 250,000 $252,550
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 995,000 $1,114,898
Alfa Bank OJSC Via Alfa Bond Issuance Plc, 7.5%, 9/26/19 (144A) 4,000,000 $3,964,167
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 1,039,503 $1,040,153
Alliance One International, Inc., 9.875%, 7/15/21 7,165,000 $7,066,581
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 1,855,032 $1,859,267
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 3,198 $3,203
Ally Financial, Inc., 7.0% (Perpetual) (144A) 3,100 $3,100,000
Alpha Natural Resources, Inc., 6.0%, 6/1/19 315,000 $215,775
Altair Re, Floating Rate Note, 4/30/16 (Cat Bond) 1,515,236 $1,893,136
Altice Financing SA, 6.5%, 1/15/22 (144A) 2,800,000 $2,885,089
Altice Finco SA, 8.125%, 1/15/24 (144A) 600,000 $639,667
Altice SA, 7.75%, 5/15/22 (144A) 2,025,000 $2,106,745
Alto Palermo SA, 7.875%, 5/11/17 (144A) 5,750,000 $5,505,625
Altrl Flt% 30jun16 5,300,000 $5,518,890
American Energy Partners Inc L + 7.75% 17jun15 6,970,000 $6,970,000
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 1,820,000 $1,761,223
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 2,770,000 $3,282,373
American Home Mortgage Investment Trust 2005-1 REMICS, Floating Rate Note, 6/25/45 8,800,000 $911,293
Amortizing Residential Collateral Trust 2002-BC1, Floating Rate Note, 1/25/32 8,200,000 $286,764
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 4,400,000 $4,448,889
Amsurg Corp., 5.625%, 7/15/22 (144A) 3,390,000 $3,414,895
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 1,900,000 $2,127,406
Arcos Dorados Holdings, Inc., 10.25%, 7/13/16 (144A) 4,250,000 $1,784,980
Ardagh Finance Holdings SA, 8.375%, 6/15/19 (144A) (PIK) 400,000 $540,404
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 2,960,000 $3,016,949
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 2,400,000 $423,435
Ardagh Packaging Finance Plc, 9.125%, 10/15/20 (144A) 5,000,000 $5,534,340
Ardagh Packaging Finance Plc, 9.25%, 10/15/20 (144A) 2,100,000 $3,135,810
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 1,291,609 $1,297,664
ARIAD Pharmaceuticals, Inc., 3.625%, 6/15/19 (144A) 1,675,000 $1,585,740
Arlington Flt% 01aug15 1,450,000 $1,471,750
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 450,000 $465,864
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 2,100,000 $2,215,850
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 6,210,000 $5,757,834
Banco de Credito del Peru Panama, Floating Rate Note, 11/6/69 (144A) 6,875,000 $8,494,206
Banco de Galicia y Buenos Aires SA, 8.75%, 5/4/18 (144A) 5,250,000 $5,308,516
Banco Macro SA, Floating Rate Note, 12/18/36 820,000 $739,350
Banco Nacional de Costa Rica, 6.25%, 11/1/23 (144A) 2,000,000 $2,081,250
Baytex Energy Corp., 5.125%, 6/1/21 (144A) 5,000,000 $5,001,649
Bayview Opportunity Master Fund Trust 2013-3RPL, 4.0%, 4/28/18 (Step) (144A) 1,000,000 $995,202
BBVA Bancomer SA Texas, 6.75%, 9/30/22 (144A) 1,250,000 $1,447,109
Belden, Inc., 5.25%, 7/15/24 (144A) 1,000,000 $1,002,458
Belden, Inc., 5.5%, 4/15/23 (144A) 1,800,000 $2,546,223
Belvedere SA, 12/23/16 5,578,091 $373,425
Berau Capital Resources Pte, Ltd., 12.5%, 7/8/15 (144A) 11,063,000 $11,524,727
Berau Coal Energy Tbk PT, 7.25%, 3/13/17 (144A) 3,750,000 $3,737,031
Berkeley-Kane Flt% 12jun15 903,800 $911,392
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 417,670 $423,413
BioScrip, Inc., Initial Term B Loan, 7/31/20 696,116 $705,688
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 250,000 $254,343
Blue Danube II, Ltd., Floating Rate Note, 5/23/16 (Cat Bond) (144A) 725,000 $736,897
Boing Group Financing Plc, 6.625%, 7/15/19 (144A) 3,285,000 $4,321,970
Bombardier, Inc., 4.75%, 4/15/19 (144A) 2,100,000 $2,067,071
Bombardier, Inc., 6.0%, 10/15/22 (144A) 3,676,000 $3,674,775
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 2,165,000 $2,126,195
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 1,270,000 $1,346,041
Brazilian Government International Bond, 10.25%, 1/10/28 2,112,000 $955,344
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/15/28 (144A) 5,250,000 $5,339,728
BreitBurn Energy Partners LP, 7.875%, 4/15/22 2,830,000 $3,022,971
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 2,100,000 $2,219,817
BTA Bank JSC (G.D.R.) (144A) 24,638 $14,783
Bumi Capital Pte, Ltd., 12.0%, 11/10/16 (144A) 6,200,000 $3,050,400
Bumi Resources Tbk PT, Loan, 11/7/14 4,700,000 $2,820,000
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 2,535,000 $2,504,923
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 1,925,000 $1,944,483
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 1,250,000 $1,296,760
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 2,175,000 $2,321,813
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 4,025,000 $4,193,435
Cambium Learning Group, Inc., 9.75%, 2/15/17 4,225,000 $4,414,949
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 3,045,000 $3,435,331
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 2,440,000 $2,447,142
Carrington Mortgage Loan Trust Series 2007-FRE1, Floating Rate Note, 2/25/37 8,090,000 $6,524,685
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 2,000,000 $2,221,667
Cascades, Inc., 5.5%, 7/15/22 (144A) 4,290,000 $4,263,903
CEDC Finance Corp International, Inc., 10.0%, 4/30/18 (PIK) 2,274,177 $2,092,875
CEDC Finance Corp International, Inc., 9.0%, 4/30/18 (Step) 4,829,992 $4,782,765
Cemex Finance LLC, 6.0%, 4/1/24 (144A) 600,000 $612,000
Cemex SAB de CV, 3.75%, 3/15/18 8,300,000 $12,105,896
Cengage Learning Holdings II LP 11,492 $402,938
CEVA GROUP Plc 1,584 $1,742,015
CEVA GROUP Plc, 0.0%, 12/31/14 3,428 $3,770,987
CFG Investment SAC, 9.75%, 7/30/19 (144A) 4,450,000 $4,339,955
Chaparral Energy, Inc., 7.625%, 11/15/22 2,596,000 $2,761,098
Chiquita Brands International, Inc., 7.875%, 2/1/21 2,705,000 $3,000,859
CHS, 6.875%, 2/1/22 (144A) 6,165,000 $6,581,134
Cia de Transporte de Energia Electrica en Alta Tension Transener SA, 9.75%, 8/15/21 (144A) 5,681,000 $4,743,398
Cincinnati Bell, Inc., 8.375%, 10/15/20 4,790,000 $5,315,270
Cincinnati Bell, Inc., 8.75%, 3/15/18 4,015,000 $4,329,000
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 6,950,000 $9,689,167
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 1,523,000 $1,377,699
Citigroup, Inc., Floating Rate Note (Perpetual) 160,000 $4,369,600
Citigroup, Inc., Floating Rate Note (Perpetual) 2,150,000 $2,195,465
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 1,945,000 $2,118,861
City of Buenos Aires Argentina, 12.5%, 4/6/15 (144A) 6,200,000 $6,416,569
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 1,480,000 $1,383,524
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 455,000 $384,254
Cobalt International Energy, Inc., 2.625%, 12/1/19 5,335,000 $4,764,822
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 1,250,000 $1,318,899
CommScope, Inc., 5.0%, 6/15/21 (144A) 1,475,000 $1,472,747
CommScope, Inc., 5.5%, 6/15/24 (144A) 1,405,000 $1,411,069
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 1,500,000 $1,520,290
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 1,000,000 $1,015,288
Comstock Resources, Inc., 7.75%, 4/1/19 4,240,000 $4,572,133
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 5,075,000 $4,837,109
Continental Airlines 1998-1 Class B Pass Through Trust, 6.748%, 3/15/17 10,600,000 $1,360,219
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 5,750,000 $6,244,021
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 4,750,000 $4,822,799
Corp Pesquera Inca SAC, 9.0%, 2/10/17 (144A) 9,720,000 $9,719,514
Cott Beverages, Inc., 5.375%, 7/1/22 (144A) 3,200,000 $3,177,678
Countrywide Asset-Backed Certificates, Floating Rate Note, 11/25/34 1,700,000 $1,362,627
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 1,502,000 $1,350,035
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 12/15/35 (144A) 9,000,000 $4,874,040
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 1,000,000 $1,078,438
CWGS Group LLC, Term Loan, 2/20/20 6,023,750 $6,083,988
DAE Aviation Holdings, Inc., Replacement Tranche B-1 Loan, 11/2/18 3,777,207 $3,812,638
Dartmouth Zero% 31dec14 3,260,000 $3,156,658
Denbury Resources, Inc., 5.5%, 5/1/22 3,695,000 $3,681,708
Desarrolladora Homex SAB de CV, 0.0%, 12/11/19 (144A) 9,802,000 $1,984,905
Digicel Group, Ltd., 8.25%, 9/30/20 (144A) 3,600,000 $3,978,825
DigitalGlobe, Inc., 5.25%, 2/1/21 2,970,000 $2,984,850
DTEK Finance Plc, 7.875%, 4/4/18 (144A) 5,525,000 $4,258,635
Dycom Investments, Inc., 7.125%, 1/15/21 2,230,000 $2,409,887
DynCorp International, Inc., 10.375%, 7/1/17 2,158,000 $2,211,725
East Lane Re, Ltd., Floating Rate Note, 3/13/15 (Cat Bond) (144A) 750,000 $764,409
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 400,000 $428,380
EC Finance Plc, 5.125%, 7/15/21 (144A) 3,695,000 $4,932,603
Ecuador Government International Bond, 7.95%, 6/20/24 (144A) 2,510,000 $2,639,401
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 7,150,000 $7,267,415
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 500,000 $514,375
Empresa de Telecomunicaciones de Bogota, 7.0%, 1/17/23 (144A) 1,626,000,000 $835,848
Empresa Distribuidora Y Comercializadora Norte, 9.75%, 10/25/22 (144A) 811,000 $645,556
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 6,450,000 $7,054,741
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 6,165,000 $5,977,760
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 2,995,000 $3,626,550
Energy Transfer Equity LP, 5.875%, 1/15/24 (144A) 2,790,000 $2,853,085
Energy Transfer Partners LP, Floating Rate Note, 11/1/66 950,000 $891,373
Entegris, Inc., 6.0%, 4/1/22 (144A) 4,025,000 $4,236,313
EP Energy LLC, 9.375%, 5/1/20 13,700,000 $15,493,844
EPL Oil & Gas, Inc., 8.25%, 2/15/18 4,980,000 $5,393,548
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/19 (144A) 1,175,000 $1,178,382
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/8/31 (144A) 840,000 $844,321
Equinix, Inc., 5.375%, 4/1/23 2,910,000 $2,976,688
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 12,619,334 $12,617,366
Expro Finance Luxembourg SCA, 8.5%, 12/15/16 (144A) 1,297,000 $1,351,618
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 6,800,000 $7,611,750
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 3,500,000 $2,589,222
Ferrexpo Finance Plc, 7.875%, 4/7/16 (144A) 11,475,000 $11,302,158
First Data Corp., 12.625%, 1/15/21 1,362,000 $1,642,666
First Horizon Mortgage Pass-Through Trust 2004-6, Floating Rate Note, 11/25/34 750,000 $229,358
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 3,370,000 $3,549,874
Ford Motor Co., 4.25%, 11/15/16 3,104,000 $6,142,730
Forest City Enterprises, Inc., 4.25%, 8/15/18 2,805,000 $3,179,039
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 1,950,000 $1,978,178
FPL Energy National Wind Portfolio LLC, 6.125%, 3/25/19 (144A) 1,865,000 $84,547
FPL Energy Wind Funding LLC, 6.876%, 6/27/17 (144A) 2,465,000 $222,122
Freeport-McMoRan, Inc. 87,189 $3,245,175
Fresnillo Plc, 5.5%, 11/13/23 (144A) 1,825,000 $1,942,560
Frontier Communications Corp., 7.125%, 1/15/23 5,200,000 $5,398,467
Frontier Communications Corp., 8.5%, 4/15/20 2,940,000 $3,461,932
Frontier Communications Corp., 8.75%, 4/15/22 10,345,000 $12,059,827
FTS International, Inc., 6.25%, 5/1/22 (144A) 2,680,000 $2,775,754
Fts International Inc 1st Lien Term L + 4.75% 01apr21 1,200,000 $1,213,178
Fx Vanilla Option Call Usd/Put Try 2.95 12 01 2015 Tr -4,923,449 $-4,753
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,500,000 $1,537,092
GCI, Inc., 6.75%, 6/1/21 500,000 $506,875
General Cable Corp., 4.5%, 11/15/29 (Step) 1,250,000 $1,150,938
General Cable Corp., 5.75%, 10/1/22 3,250,000 $3,320,417
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 977,625 $982,819
Gentiva Health Services, Inc., 11.5%, 9/1/18 833,000 $922,895
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 1,029,538 $1,031,945
GeoPark Latin America, Ltd. Agencia en Chile, 7.5%, 2/11/20 (144A) 3,260,000 $3,632,183
Ghana Government Bond, 19.24%, 5/30/16 5,400,000 $1,490,995
Ghana Government Bond, 21.0%, 10/26/15 0 $-2,606
Ghana Government Bond, 26.0%, 6/5/17 2,000,000 $601,404
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 1,230,000 $1,325,940
GMAC Capital Trust I, Floating Rate Note, 2/15/40 355,600 $9,665,208
Golar LNG, Ltd., 3.75%, 3/7/17 800,000 $1,114,041
Golar LNG Partners LP, Floating Rate Note, 10/12/17 12,000,000 $2,014,777
Gol Finance, 9.25%, 7/20/20 (144A) 6,228,000 $6,401,303
Green Field Energy Services, Inc., 0.0%, 11/15/16 (144A) 54,000 $12,986
Green Field Energy Services, Inc., 11/15/21 (144A) 2,275 $2,286
Griffon Corp., 5.25%, 3/1/22 6,750,000 $6,758,156
Grifols Worldwide Operations, Ltd., 5.25%, 4/1/22 (144A) 1,740,000 $1,781,796
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 3,850,000 $3,992,771
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 2,050,000 $2,188,717
Gulfport Energy Corp., 7.75%, 11/1/20 4,990,000 $5,510,831
Halcon Resources Corp., 8.875%, 5/15/21 6,250,000 $6,601,476
Heckler & Koch GmbH, 9.5%, 5/15/18 (144A) 4,700,000 $6,431,923
Hilcorp Energy I LP, 5.0%, 12/1/24 (144A) 3,790,000 $3,754,206
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 1,300,000 $968,336
Horizon Lines, Inc. 2,370,345 $877,028
Hunter Defense Technologies, Inc., Series 1 New Term Loan, 8/22/14 2,650,539 $2,557,770
Hunter Defense Technologies, Inc., Term Loan, 8/22/14 1,377,867 $1,326,197
IAC, 4.875%, 11/30/18 700,000 $725,032
IAP Worldwide Services, Inc., Term Loan (First Lien) Retired 07/18/2014, 12/31/15 1,926,073 $558,561
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 1,925,000 $1,956,907
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 1,250,000 $1,264,047
Icon Health & Fitness, Inc., 11.875%, 10/15/16 (144A) 5,000,000 $4,999,826
Immucor, Inc., 11.125%, 8/15/19 3,200,000 $3,684,156
Independencia International, Ltd., 0.0%, 12/30/16 (144A) 2,969,595 $920,574
Indo Energy Finance II BV, 6.375%, 1/24/23 (144A) 1,900,000 $1,584,105
Indonesia Treasury Bond, 7.0%, 5/15/22 53,000,000,000 $4,370,275
Indonesia Treasury Bond, 8.25%, 6/15/32 81,459,000,000 $6,856,065
INEOS Group Holdings SA, 5.75%, 2/15/19 (144A) 4,325,000 $6,060,889
Instituto Costarricense de Electricidad, 6.95%, 11/10/21 (144A) 940,000 $1,034,599
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 4,300,000 $4,379,401
Intelsat Luxembourg SA, 7.75%, 6/1/21 4,000,000 $4,141,667
Inter-American Development Bank, 4.5%, 2/4/16 11,650,000,000 $993,435
Inter-American Development Bank, 7.25%, 7/17/17 5,140,000,000 $445,390
InterGen NV, 7.0%, 6/30/23 (144A) 1,500,000 $1,501,542
International Finance Corp., 7.75%, 12/3/16 241,840,000 $4,081,484
International Finance Corp., 8.25%, 6/10/21 240,670,000 $4,269,657
Inversiones Alsacia SA, 8.0%, 8/18/18 (144A) 7,630,000 $4,004,672
IRSA Inversiones y Representaciones SA, 8.5%, 2/2/17 (144A) 7,405,000 $7,421,764
James River Coal Co., 7.875%, 4/1/19 4,435,000 $778,897
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 2,980,000 $3,386,025
JBS Finance II, Ltd., 8.25%, 1/29/18 (144A) 4,690,000 $4,950,100
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 4,800,000 $5,070,067
JBS Investments GmbH, 7.75%, 10/28/20 (144A) 3,720,000 $4,064,178
JLL, 7.5%, 2/1/22 (144A) 4,755,000 $5,072,000
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 4,340,000 $4,431,863
Jones Energy Holdings LLC, 6.75%, 4/1/22 (144A) 1,300,000 $1,381,250
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 2,100,000 $2,198,713
JP Morgan Mortgage Trust 2005-A1, Floating Rate Note, 2/25/35 5,923,886 $2,388,758
Juniper Generation LLC, 6.79%, 12/31/14 (144A) 2,850,000 $66,408
Kane Flt% 12jun15 2,400,000 $2,144,400
Kane Flt% 14jul15 814,976 $772,842
Kane Flt% 30jul16 1,006,000 $1,030,848
Kane-Pi2 Zero% 18jul16 1,806,000 $1,881,310
KazMunayGas National Co JSC, 4.4%, 4/30/23 (144A) 1,000,000 $1,008,622
KB Home, 1.375%, 2/1/19 4,640,000 $4,518,200
KB Home, 7.0%, 12/15/21 800,000 $867,156
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 2,175,000 $2,253,818
Kenya Government International Bond, 6.875%, 6/24/24 (144A) 4,355,000 $4,653,387
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $349,151
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 2,000,000 $2,010,581
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 2,400,000 $2,423,600
Kodiak Oil & Gas Corp., 8.125%, 12/1/19 5,215,000 $5,781,566
KP Germany Erste GmbH, 11.625%, 7/15/17 (144A) 2,500,000 $3,741,223
Lam Research Corp., 1.25%, 5/15/18 3,400,000 $4,573,472
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9,652,000 $9,826,540
LDK Solar Co, Ltd., 10.0%, 2/28/14 14,000,000 $622,694
Lear Corp., 11/9/14 990 $186,907
Lease Investment Flight Trust, Floating Rate Note, 7/15/31 12,652,000 $6,205,720
Lease Investment Flight Trust, Floating Rate Note, 7/15/31 1,102,000 $540,537
Lennar Corp., 4.75%, 11/15/22 4,450,000 $4,316,624
Level 3 Financing Inc Bridge L + 4.25% 15jun15 4,780,000 $4,780,000
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 5,080,000 $4,999,567
LifePoint Hospitals, Inc., 5.5%, 12/1/21 (144A) 4,300,000 $4,436,167
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 750,000 $808,594
Live Nation Entertainment, Inc., 5.375%, 6/15/22 (144A) 1,025,000 $1,035,407
LKQ Corp., 4.75%, 5/15/23 1,250,000 $1,218,785
Long Haul Holdings, Ltd., Facility B Loan, 11/17/13 792,928 $317,171
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 1,450,000 $1,473,667
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 33,500 $3,519,175
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 4,100,000 $4,113,240
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 3,615,000 $3,640,543
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 20,248,000 $21,921,666
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 2,334,717 $342,847
Mbnau 9.5% 20may19 144a 3,385,000 $3,421,624
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 3,225,000 $3,136,872
Memorial Production Partners LP, 7.625%, 5/1/21 3,000,000 $3,139,688
Memorial Resource Development Corp., 5.875%, 7/1/22 (144A) 1,525,000 $1,488,289
Mentor Graphics Corp., 4.0%, 4/1/31 1,025,000 $1,197,542
Meritor, Inc., 6.75%, 6/15/21 3,150,000 $3,366,169
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 1,800,000 $1,671,750
Metalloinvest Finance, Ltd., 6.5%, 7/21/16 (144A) 2,660,000 $2,698,053
Metinvest BV, 10.25%, 5/20/15 (144A) 4,620,000 $4,320,695
Metinvest BV, 8.75%, 2/14/18 (144A) 11,350,000 $9,968,595
Mexican Bonos, 7.5%, 6/3/27 4,800,000 $409,783
Mexican Udibonos, 2.0%, 6/9/22 44,000,000 $16,993,156
Mexican Udibonos, 3.5%, 12/14/17 2,050,000 $872,593
MHP SA, 8.25%, 4/2/20 (144A) 6,300,000 $6,000,566
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 2,800,000 $2,934,167
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 10,175,000 $5,471,465
MIE Holdings Corp., 7.5%, 4/25/19 (144A) 5,000,000 $5,381,250
Minerva Luxembourg SA, 12.25%, 2/10/22 (144A) 3,755,000 $4,536,744
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 18,000,000 $19,983,875
Mirabela Nickel, Ltd. 27,099,676 $2,770,210
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 4,000,000 $4,047,350
MMM Holdings, Inc., MMM Term Loan, 12/12/17 1,066,897 $1,076,232
Monitronics International, Inc., Term B Loan (2013), 3/23/18 2,263,118 $2,264,885
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 1,675,000 $1,876,896
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 775,662 $778,571
Murray Energy Corp., 8.625%, 6/15/21 (144A) 1,900,000 $2,034,940
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 2,150,000 $2,222,097
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 800,000 $850,143
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 650,000 $685,327
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,475,000 $1,484,608
Nara Cable Funding, Ltd., 8.875%, 12/1/18 (144A) 1,600,000 $1,719,667
Nara Cable Funding, Ltd., 8.875%, 12/1/18 (144A) 1,550,000 $2,243,000
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 2,543,625 $2,555,282
National Surgical Hospitals, Inc., Term Loan, 8/1/19 1,488,750 $1,495,263
Nationstar Mortgage LLC, 6.5%, 6/1/22 8,870,000 $8,722,167
Nationstar Mortgage LLC, 6.5%, 7/1/21 3,000,000 $2,926,250
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 3,650,000 $3,795,772
Navistar International Corp., 8.25%, 11/1/21 8,405,000 $8,851,516
NeuStar, Inc., 4.5%, 1/15/23 1,700,000 $1,448,400
Newhall Land Development LLC 161,215 $725,468
New World Resources NV, 7.875%, 1/15/21 (144A) 1,050,000 $276,724
Nigeria Government Bond, 16.0%, 6/29/19 542,795,000 $4,004,491
Non-Profit Preferred Funding Trust I, Floating Rate Note, 9/15/37 (144A) 8,875,000 $874,099
North Atlantic Drilling, Ltd., 6.25%, 2/1/19 (144A) 4,100,000 $4,187,837
NorthStar Realty Finance Corp., 3.0%, 9/30/14 6,485,000 $6,554,422
Novellus Systems, Inc., 2.625%, 5/15/41 0 $4,156
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 7,100,000 $7,223,264
NSG Holdings LLC, 7.75%, 12/15/25 (144A) 357,000 $389,095
Nuance Communications, Inc., 2.75%, 11/1/31 6,365,000 $6,376,934
Numericable Group SA, 6.0%, 5/15/22 (144A) 1,250,000 $1,273,542
NuStar Logistics LP, Floating Rate Note, 1/15/43 131,100 $3,529,212
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 7,700,000 $8,033,988
Oasis Petroleum, Inc., 6.5%, 11/1/21 2,840,000 $3,056,550
Old AII, Inc., 0.0%, 12/15/16 6,510,000 $1,710,748
Ormat Funding Corp., 8.25%, 12/30/20 10,665,000 $5,515,668
Outerwall, Inc., 5.875%, 6/15/21 (144A) 3,205,000 $3,176,110
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 999,900 $1,003,025
Pacific Rubiales Energy Corp., 5.375%, 1/26/19 (144A) 7,570,000 $7,727,051
Pangaea Zero% 01jul18 4,070,000 $4,145,702
Panolam Holdings Co. 894 $700,002
Pegasus Solutions, Inc., 13.0%, 9/15/14 (144A) 11,940,241 $11,564,117
Penn Virginia Corp., 6.0% (Perpetual) (144A) 16,300 $1,632,641
PERSEUS HOLDING Corp., 0.0%, 12/31/49 (Perpetual) 33,046 $49,569
Perseus Holding Corp., 14.0%, 9/15/14 17,350 $1,422,700
Pesquera Exalmar S.A.A., 7.375%, 1/31/20 (144A) 6,500,000 $6,156,019
Post Holdings, Inc., 6.0%, 12/15/22 (144A) 5,340,000 $5,339,110
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 1,375,000 $1,443,750
Post Holdings, Inc., 7.375%, 2/15/22 1,675,000 $1,840,837
PPL Capital Funding, Inc., 5.9%, 4/30/73 212,000 $5,028,640
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 1,560,000 $1,772,095
Pro Mach, Inc., Term Loan, 7/6/17 1,418,897 $1,429,539
Province of Salta Argentina, 9.5%, 3/16/22 (144A) 3,600,000 $3,272,222
Provincia de Buenos Aires Argentina, 10.875%, 1/26/21 (144A) 3,025,000 $2,802,694
Provincia de Buenos Aires Argentina, 11.75%, 10/5/15 (144A) 1,125,000 $1,105,719
Provincia de Neuquen Argentina, 7.875%, 4/26/21 (144A) 2,600,000 $2,091,692
QR Energy LP, 9.25%, 8/1/20 2,450,000 $2,918,563
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 2,000,000 $2,033,700
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 750,000 $778,300
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 300,000 $308,993
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 900,000 $919,365
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 9,820,000 $10,294,633
Red de Carreteras de Occidente SAPIB de CV, 9.0%, 6/10/28 (144A) 47,000,000 $3,391,239
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 10,750,000 $8,740,646
Rent-A-Center, Inc., 4.75%, 5/1/21 2,710,000 $2,450,856
Republic of Ghana, 7.875%, 8/7/23 (144A) 2,335,000 $2,349,436
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 3,450,000 $3,629,285
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 750,000 $785,100
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 450,000 $469,820
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 950,000 $1,086,853
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 1,800,000 $1,980,960
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,850,000 $2,239,466
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 550,000 $601,229
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,100,000 $1,218,971
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 750,000 $791,767
Resolute Forest Products, Inc., 5.875%, 5/15/23 5,685,000 $5,471,260
Rex Energy Corp., 6.25%, 8/1/22 (144A) 1,960,000 $1,940,264
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 2,400,000 $2,635,300
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 7,490,000 $7,905,279
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 3,785,000 $4,291,212
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 2,200,000 $2,291,667
Romania Government Bond, 5.85%, 4/26/23 24,770,000 $8,592,560
Romania Government Bond, 5.95%, 6/11/21 1,220,000 $411,782
Rosetta Resources, Inc., 5.875%, 6/1/22 6,995,000 $7,185,905
Rosetta Resources, Inc., 5.875%, 6/1/24 1,935,000 $1,993,278
Russian Agricultural Bank OJSC Via RSHB Capital SA, 8.5%, 10/16/23 (144A) 5,550,000 $5,383,454
Rwanda International Government Bond, 6.625%, 5/2/23 (144A) 2,000,000 $2,112,757
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 4,000,000 $4,252,500
Sanchez Energy Corp., 6.125%, 1/15/23 (144A) 3,765,000 $3,777,367
Sanchez Energy Corp., 7.75%, 6/15/21 1,500,000 $1,642,354
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) 1,600,000 $1,583,040
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,600,000 $1,600,071
Scitor Corp., Term Loan, 2/15/17 2,177,194 $2,155,858
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 3,900,000 $3,873,919
Seagate HDD Cayman, 4.75%, 6/1/23 (144A) 6,925,000 $7,049,073
Sector Re V, Ltd., 0.0%, 12/1/17 (Cat Bond) (144A) 13,799 $0
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 2,350,000 $2,507,685
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 3,533 $221,328
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 1,000,000 $1,029,700
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 1,500,000 $1,486,412
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 2,835,000 $3,066,230
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 2,000,000 $2,331,600
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 8,535,000 $9,059,591
SM Energy Co., 6.5%, 1/1/23 1,650,000 $1,778,563
Standard Aero, Ltd., Replacement Tranche B-2 Loan, 11/2/18 1,712,338 $1,722,506
Standard Pacific Corp., 6.25%, 12/15/21 5,810,000 $6,059,749
Star Gas Partners LP, 8.875%, 12/1/17 2,437,000 $2,600,990
Stone Energy Corp., 7.5%, 11/15/22 3,800,000 $4,135,667
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 875,000 $883,779
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 375,000 $397,392
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 950,000 $996,609
SunPower Corp., 0.875%, 6/1/21 (144A) 2,290,000 $2,580,464
Suntech Power Holdings Co, Ltd., 0.0%, 3/15/13 535,000 $188,703
Surgery Center Holdings, Inc., Term Loan (First Lien), 4/11/19 1,872,000 $1,874,340
Swift Energy Co., 8.875%, 1/15/20 2,410,000 $2,527,956
Talos Production LLC, 9.75%, 2/15/18 (144A) 3,020,000 $3,269,024
TAM Capital 3, Inc., 8.375%, 6/3/21 (144A) 4,250,000 $4,668,595
Targa Resources Partners LP, 4.25%, 11/15/23 5,850,000 $5,726,988
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 900,000 $936,285
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 9,395,000 $9,354,985
Telenet Finance V Luxembourg SCA, 6.25%, 8/15/22 (144A) 1,600,000 $2,398,335
Tenet Healthcare Corp., 4.375%, 10/1/21 3,945,000 $3,811,445
The Goodyear Tire & Rubber Co., 7.0%, 5/15/22 1,000,000 $1,099,778
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 13,430,000 $15,422,676
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 3,111,798 $3,118,606
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 4,315,000 $4,595,016
T-Mobile USA, Inc., 6.542%, 4/28/20 2,880,000 $3,011,170
T-Mobile USA, Inc., 6.633%, 4/28/21 1,940,000 $2,038,072
T-Mobile USA, Inc., 6.731%, 4/28/22 1,300,000 $1,362,479
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 4,400,000 $4,044,914
Tonon Luxembourg SA, 10.5%, 5/14/24 (144A) 1,625,000 $1,702,120
Towergate Finance Plc, 10.5%, 2/15/19 (144A) 4,840,000 $7,952,588
Towergate Finance Plc, Floating Rate Note, 2/15/18 (144A) 1,200,000 $1,976,084
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 250,000 $250,470
Transportadora de Gas del Sur SA, 9.625%, 5/14/20 7,617,602 $5,959,365
Trilogy Energy Corp., 7.25%, 12/13/19 (144A) 2,775,000 $2,723,384
Trust F, 5.25%, 12/15/24 (144A) 2,565,000 $2,700,838
Tullow Oil Plc, 6.0%, 11/1/20 (144A) 1,520,000 $1,565,600
Turkiye Is Bankasi, 6.0%, 10/24/22 (144A) 1,500,000 $1,543,000
UBS AG, 7.625%, 8/17/22 5,650,000 $6,913,815
Ukraine Government International Bond, 6.75%, 11/14/17 (144A) 575,000 $554,839
Ukraine Government International Bond, 7.8%, 11/28/22 (144A) 1,650,000 $1,602,398
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 1,850,000 $1,937,592
Unifin Financiera SA de CV, 6.25%, 7/22/19 (144A) 4,000,000 $3,947,457
Unison Ground Lease Funding LLC, 5.78%, 3/15/20 (144A) 2,750,000 $2,833,203
Unit Corp., 6.625%, 5/15/21 3,765,000 $4,005,908
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 1,000,000 $1,010,263
United Continental Holdings, Inc., 6.0%, 7/15/26 3,500,000 $3,434,958
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 2/3/22 (144A) 7,500,000 $1,340,625
USI, Inc. New York, 7.75%, 1/15/21 (144A) 4,900,000 $4,880,128
Vanguard Natural Resources LLC, 7.875%, 4/1/20 1,245,000 $1,358,606
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 12,660,000 $14,494,118
VeriSign, Inc., 4.625%, 5/1/23 4,430,000 $4,370,472
Vertafore, Inc., Term Loan (Second Lien), 10/29/17 3,500,000 $3,566,721
Viasystems, Inc., 7.875%, 5/1/19 (144A) 6,150,000 $6,517,078
Videotron, Ltd., 5.375%, 6/15/24 (144A) 4,375,000 $4,405,048
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 2,860,000 $3,210,429
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 4,875,000 $5,118,594
VimpelCom Holdings BV, 9.0%, 2/13/18 (144A) 161,000,000 $4,389,476
Vimpel Communications Via VIP Finance Ireland, Ltd. OJSC, 7.748%, 2/2/21 (144A) 7,800,000 $8,305,243
Virtual Radiologic Corp., Term Loan A, 12/22/16 1,423,375 $1,056,856
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 1,605,000 $1,516,324
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 4,500,000 $4,334,975
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 775,000 $821,177
WebMD Health Corp., 1.5%, 12/1/20 (144A) 3,750,000 $4,258,594
WebMD Health Corp., 2.5%, 1/31/18 3,485,000 $3,759,686
WellCare Health Plans, Inc., 5.75%, 11/15/20 5,120,000 $5,284,551
Wells Enterprises, Inc., 6.75%, 2/1/20 (144A) 1,144,000 $1,231,230
WESCO Distribution, Inc., 5.375%, 12/15/21 4,365,000 $4,493,192
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 700,000 $452,460
Westgate Resorts 2014-A LLC, 6.25%, 10/20/26 (144A) 750,000 $751,693
WideOpenWest Finance LLC, Term B Loan, 4/1/19 1,349,908 $1,356,129
Windstream Corp., 6.375%, 8/1/23 1,760,000 $1,794,100
Windstream Corp., 7.5%, 6/1/22 6,285,000 $6,850,650
Windstream Corp., 7.75%, 10/1/21 2,300,000 $2,540,542
Windstream Corp., 7.75%, 10/15/20 6,765,000 $7,392,924
Windstream Corp., 8.125%, 9/1/18 5,700,000 $6,135,219
WireCo WorldGroup, Inc., 9.5%, 5/15/17 1,100,000 $1,138,561
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 1,000,000 $993,500
WPE International Cooperatief UA, 10.375%, 9/30/20 (144A) 3,495,000 $1,694,626
YPF SA, 8.875%, 12/19/18 (144A) 1,000,000 $1,045,354

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