Pioneer Multi-Asset Income Fund

Top 10 Portfolio Holdings as of 1/30/2015
Default: sorted by market value

Security Name Par / Shares Market Value
14112z Zero% 01feb19 1,200,000 $1,216,560
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 100,000 $100,437
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 100,000 $100,508
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 1,006,078 $975,896
AbbVie, Inc. 124,366 $7,505,488
ACE Securities Corp Manufactured Housing Trust Series 2003-MH1, Floating Rate Note, 8/15/30 (144A) 50,000 $4,923
Advanced Micro Devices, Inc., 6.75%, 3/1/19 1,000,000 $978,125
Advanced Micro Devices, Inc., 7.0%, 7/1/24 4,350,000 $3,820,750
Advanced Micro Devices, Inc., 7.5%, 8/15/22 1,085,000 $1,061,492
Advanced Semiconductor Engineering, Inc. 1,273,000 $1,591,347
AECOM, 5.75%, 10/15/22 (144A) 655,000 $697,325
AECOM, 5.875%, 10/15/24 (144A) 655,000 $695,949
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 176,000 $158,066
AES Corp. Virginia, 4.875%, 5/15/23 175,000 $172,426
AES Tiete SA 553,802 $2,816,082
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 1,260,000 $1,285,830
Alliance One International, Inc., 9.875%, 7/15/21 2,075,000 $1,741,732
Alpha Natural Resources, Inc., 6.0%, 6/1/19 950,000 $266,000
Alpha Natural Resources, Inc., 7.5%, 8/1/20 (144A) 1,660,000 $867,004
Alstom SA 126,264 $4,139,915
Altice Finco SA, 8.125%, 1/15/24 (144A) 200,000 $208,222
Altria Group, Inc. 36,103 $1,917,069
Altrl Zero% 30jun16 187,586 $133,561
American Airlines Group, Inc. 127,563 $6,260,792
American Electric Power Co, Inc. 77,101 $4,842,714
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 2,650,000 $2,059,262
Amsurg Corp., 5.625%, 7/15/22 (144A) 1,425,000 $1,476,656
APERAM SA, 7.75%, 4/1/18 (144A) 150,000 $156,688
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 1,000,000 $905,000
Apollo Commercial Real Estate Finance, Inc., 5.5%, 3/15/19 595,000 $599,553
Apollo Investment Corp. 1,591,273 $11,329,864
Apple, Inc. 186,236 $21,819,410
Approach Resources, Inc., 7.0%, 6/15/21 1,580,000 $1,286,032
Appvion, Inc., 9.0%, 6/1/20 (144A) 435,000 $301,781
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 1,252,612 $1,261,720
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 1,000,000 $1,013,938
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 183,584 $183,985
Ares Capital Corp. 1,158,202 $19,284,063
Armor Re, Ltd., Floating Rate Note, 12/15/16 (Cat Bond) (144A) 500,000 $503,739
Ashtead Capital, Inc., 5.625%, 10/1/24 (144A) 1,085,000 $1,148,405
Atlas Pipeline Partners LP, 4.75%, 11/15/21 670,000 $678,394
Audatex North America, Inc., 6.125%, 11/1/23 (144A) 1,700,000 $1,798,281
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 465,000 $375,342
Avis Budget Car Rental LLC, 5.5%, 4/1/23 1,290,000 $1,339,450
Axiall Corp., 4.875%, 5/15/23 2,145,000 $2,113,451
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 40,000 $35,746
Bank of America Corp., Floating Rate Note, 10/23/49 1,550,000 $1,650,566
Bank of America Corp., Floating Rate Note, 9/29/49 2,075,000 $2,174,511
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,245,000 $1,258,375
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 321,166 $15,873
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, Floating Rate Note, 8/28/44 (144A) 450,000 $387,674
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 2,250,000 $2,137,922
Bear Stearns Asset Backed Securities Trust, 8.41%, 10/25/29 (Step) 2,500,000 $60,965
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 200,000 $211,101
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $100,495
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 1,500,000 $1,509,756
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 767,493 $786,144
Belden, Inc., 5.5%, 9/1/22 (144A) 410,000 $417,346
Berry Petroleum Co LLC, 6.375%, 9/15/22 700,000 $499,858
BioScrip, Inc., 8.875%, 2/15/21 (144A) 1,555,000 $1,432,036
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 44,551 $44,514
BioScrip, Inc., Initial Term B Loan, 7/31/20 89,103 $89,029
BlackRock MuniVest Fund, Inc. 620,000 $6,528,600
BlackRock MuniYield Fund, Inc. 420,000 $6,405,000
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 250,000 $253,850
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 113,143 $110,833
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 935,000 $814,223
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 1,185,000 $1,084,127
BreitBurn Energy Partners LP, 7.875%, 4/15/22 430,000 $285,171
Bridgestone Corp. 181,500 $7,258,648
Bristow Group, Inc., 6.25%, 10/15/22 225,000 $218,453
Brown Shoe Co, Inc., 7.125%, 5/15/19 300,000 $316,138
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 250,000 $254,742
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 500,000 $527,044
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 435,000 $377,363
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 3,550,000 $3,138,693
Calumet Specialty Products Partners LP, 7.625%, 1/15/22 170,000 $155,276
Cambium Learning Group, Inc., 9.75%, 2/15/17 100,000 $102,996
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 350,000 $224,018
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 100,000 $112,489
Cardinal Health, Inc. 80,203 $6,672,088
CCO Holdings LLC, 5.75%, 1/15/24 165,000 $167,690
CCO Holdings LLC, 5.75%, 9/1/23 1,440,000 $1,492,500
CenturyLink, Inc., 5.8%, 3/15/22 200,000 $214,882
CenturyLink, Inc., 6.45%, 6/15/21 700,000 $763,519
CenturyLink, Inc., 6.75%, 12/1/23 1,325,000 $1,493,938
CenturyLink, Inc., 7.6%, 9/15/39 450,000 $467,420
Cenveo Corp., 6.0%, 8/1/19 (144A) 1,090,000 $1,065,475
CEVA GROUP Plc 22 $16,262
CEVA GROUP Plc, 0.0%, 12/31/14 49 $35,199
Chaparral Energy, Inc., 7.625%, 11/15/22 2,325,000 $1,385,926
Chevron Lubricants Lanka Plc 589,097 $1,782,591
Chiquita Brands International, Inc., 7.875%, 2/1/21 214,000 $242,454
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 130,000 $17,410
CHS, 6.875%, 2/1/22 2,540,000 $2,785,110
CHS, 8.0%, 11/15/19 1,065,000 $1,152,212
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 100,000 $90,098
Citigroup, Inc., Floating Rate Note (Perpetual) 37,000 $1,002,700
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 50,000 $52,265
Cobalt International Energy, Inc., 2.625%, 12/1/19 1,300,000 $875,063
CoBank ACB, Floating Rate Note (Perpetual) (144A) 1,000 $103,125
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 150,000 $150,445
Commercial Metals Co., 4.875%, 5/15/23 500,000 $477,646
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 350,000 $367,741
Comstock Resources, Inc., 7.75%, 4/1/19 1,110,000 $594,775
ContourGlobal Power Holdings SA, 7.125%, 6/1/19 (144A) 865,000 $870,947
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 250,000 $253,309
Corsicanto, Ltd., 3.5%, 1/15/32 350,000 $207,044
Cott Beverages, Inc., 5.375%, 7/1/22 (144A) 2,075,000 $1,871,607
Countrywide Asset-Backed Certificates, 5.557%, 1/25/36 (Step) 205,000 $207,516
Countrywide Asset-Backed Certificates, Floating Rate Note, 1/25/36 130,000 $57,329
Covanta Holding Corp., 5.875%, 3/1/24 380,000 $400,227
Coveris Holdings SA, 7.875%, 11/1/19 (144A) 800,000 $823,750
CPI International, Inc., 8.0%, 2/15/18 105,000 $112,124
Credit Suisse First Boston Mortgage Securities Corp., 5.5%, 6/25/33 100,000 $19,668
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $103,828
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 855,000 $866,934
Crestwood Midstream Partners LP, 6.0%, 12/15/20 340,000 $334,107
Crestwood Midstream Partners LP, 6.125%, 3/1/22 385,000 $384,238
Crown Americas LLC, 4.5%, 1/15/23 1,000,000 $1,002,000
CST Brands, Inc., 5.0%, 5/1/23 1,130,000 $1,161,075
CVS Health Corp. 30,570 $3,000,751
Darling Ingredients, Inc., 5.375%, 1/15/22 455,000 $454,949
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 1,865,000 $1,921,095
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 100,000 $114,424
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 300,000 $279,413
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 200,000 $200,568
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 700,000 $605,500
Denbury Resources, Inc., 4.625%, 7/15/23 1,250,000 $1,068,194
Denbury Resources, Inc., 5.5%, 5/1/22 1,125,000 $1,005,469
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 730,000 $720,182
Doha Bank QSC 86,759 $1,392,806
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 1,710,000 $1,747,406
Domino's Pizza Group Plc 159,113 $1,614,396
DR Horton, Inc., 5.75%, 8/15/23 300,000 $330,454
DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A) 3,440,000 $3,262,267
DynCorp International, Inc., 10.375%, 7/1/17 20,000 $18,173
easyJet Plc 150,996 $4,227,980
eBay, Inc. 119,499 $6,333,447
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 275,000 $279,290
Endo Finance LLC, 5.375%, 1/15/23 (144A) 1,255,000 $1,239,173
Endo Finance LLC, 5.75%, 1/15/22 (144A) 1,260,000 $1,282,120
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 1,455,000 $489,850
Energy Transfer Equity LP, 5.875%, 1/15/24 980,000 $1,019,505
Energy XXI, Ltd., 3.0%, 12/15/18 3,830,000 $1,173,103
Energy XXI Gulf Coast, Inc., 6.875%, 3/15/24 (144A) 144,000 $67,100
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 845,000 $392,573
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 1,270,000 $1,323,380
Entegris, Inc., 6.0%, 4/1/22 (144A) 2,100,000 $2,163,000
EPL Oil & Gas, Inc., 8.25%, 2/15/18 50,000 $34,777
EPR Properties 138,202 $8,991,422
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 748,125 $727,240
ExamWorks Group, Inc., 9.0%, 7/15/19 100,000 $106,400
Exopack Holding Corp., 10.0%, 6/1/18 (144A) 200,000 $213,833
Exterran Partners LP, 6.0%, 4/1/21 700,000 $612,500
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 125,000 $136,172
Federal Home Loan Mortgage Corp., Floating Rate Note, 9/26/44 (144A) 50,000 $52,310
Federal National Mortgage Association REMICS, 3.5%, 1/25/29 500,000 $7,390
Ferrellgas LP, 6.5%, 5/1/21 625,000 $622,656
Ferrellgas LP, 6.75%, 1/15/22 2,305,000 $2,254,290
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 856,610 $525,102
Fifth Third Bancorp, Floating Rate Note (Perpetual) 5,910 $162,939
Filtration Group, Inc., Initial Term Loan (Second Lien), 11/15/21 200,000 $200,000
First Data Corp., 11.75%, 8/15/21 130,000 $156,706
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 1,015,000 $1,019,441
Florida East Coast Holdings Corp., 9.75%, 5/1/20 (144A) 1,330,000 $1,329,169
Fortescue Metals Group, Ltd. 934,640 $1,692,018
Forum Energy Technologies, Inc., 6.25%, 10/1/21 500,000 $484,167
FREMF Mortgage Trust 2011-K12, Floating Rate Note, 1/25/46 (144A) 100,000 $108,663
Frontier Communications Corp., 6.25%, 9/15/21 300,000 $315,979
Frontier Communications Corp., 7.125%, 1/15/23 2,040,000 $2,122,960
Frontier Communications Corp., 8.5%, 4/15/20 317,000 $364,559
Frontier Communications Corp., 8.75%, 4/15/22 160,000 $185,722
Frontier Communications Corp., 9.25%, 7/1/21 800,000 $929,527
Gannett Co, Inc., 6.375%, 10/15/23 1,505,000 $1,631,075
GCI, Inc., 6.75%, 6/1/21 1,200,000 $1,210,500
GCI, Inc., 8.625%, 11/15/19 758,000 $804,964
GDF Suez 190,198 $4,228,096
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 250,000 $252,977
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 1,650,000 $73,092
General Cable Corp., 4.5%, 11/15/29 (Step) 1,410,000 $904,339
General Cable Corp., 5.75%, 10/1/22 2,090,000 $1,732,958
General Electric Capital Corp., Floating Rate Note (Perpetual) 100,000 $117,285
Gentiva Health Services, Inc., 11.5%, 9/1/18 40,000 $44,317
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 1,000,000 $784,752
Global Display Co, Ltd. 315,000 $1,810,230
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 300,000 $65,113
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 296,900 $72,504
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 755,000 $178,703
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 137,171 $30,958
Global Partners LP, 6.25%, 7/15/22 (144A) 1,655,000 $1,626,497
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 210,000 $199,994
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 800,000 $800,773
Gol LuxCo SA, 8.875%, 1/24/22 (144A) 1,960,000 $1,759,052
Golub Capital BDC, Inc. 342,003 $6,101,334
Government National Mortgage Association, Floating Rate Note, 2/16/53 150,000 $10,469
Government National Mortgage Association, Floating Rate Note, 3/16/53 150,000 $9,477
Government National Mortgage Association, Floating Rate Note, 8/16/52 200,000 $10,422
Government National Mortgage Association, Floating Rate Note, 9/16/52 150,000 $10,383
Government National Mortgage Association REMICS, Floating Rate Note, 11/16/54 3,400,000 $312,826
Government National Mortgage Association REMICS, Floating Rate Note, 6/20/38 100,000 $2,083
Griffon Corp., 5.25%, 3/1/22 1,255,000 $1,232,253
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 675,000 $672,381
Gulfport Energy Corp., 7.75%, 11/1/20 100,000 $101,188
Gulfport Energy Corp., 7.75%, 11/1/20 (144A) 2,205,000 $2,231,184
Halcon Resources Corp., 0.0% (Perpetual) 500 $132,938
Halcon Resources Corp., 8.875%, 5/15/21 175,000 $119,654
Halcon Resources Corp., 9.25%, 2/15/22 570,000 $400,512
Halcon Resources Corp., 9.75%, 7/15/20 1,710,000 $1,148,835
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 1,125,000 $1,167,813
Hexion US Finance Corp., 9.0%, 11/15/20 2,430,000 $1,698,570
Hiland Partners LP, 5.5%, 5/15/22 (144A) 370,000 $388,171
Hiland Partners LP, 7.25%, 10/1/20 (144A) 600,000 $659,500
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 200,000 $164,500
Imperial Tobacco Group Plc 207,122 $9,726,835
Indonesia Government International Bond, 6.625%, 2/17/37 (144A) 842,000 $1,058,967
Indonesia Treasury Bond, 6.125%, 5/15/28 24,997,000,000 $1,820,283
Indonesia Treasury Bond, 8.375%, 3/15/24 59,621,000,000 $5,259,790
Indonesia Treasury Bond, 9.0%, 3/15/29 182,659,000,000 $17,167,655
Indo Tambangraya Megah Tbk PT 631,551 $838,962
Industrial & Commercial Bank of China, Ltd. 13,744,000 $9,851,084
Inter-American Development Bank, 6.0%, 9/5/17 303,000,000 $5,114,788
Inter-American Development Bank, 7.25%, 7/17/17 2,000,000,000 $164,413
International Finance Corp., 6.3%, 11/25/24 246,600,000 $4,126,693
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 2,960,000 $2,972,436
Iron Mountain, Inc., 5.75%, 8/15/24 1,025,000 $1,064,989
j2 Global, Inc., 8.0%, 8/1/20 325,000 $364,000
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 760,000 $796,417
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 225,000 $248,625
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 1,800,000 $1,830,175
JBS Investments GmbH, 7.75%, 10/28/20 (144A) 325,000 $341,159
Jefferies Finance LLC, 7.375%, 4/1/20 (144A) 200,000 $192,917
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 1,350,000 $1,139,721
Johnson & Johnson 218,868 $21,917,442
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 1,034,680 $869,778
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 540,000 $595,856
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 225,000 $231,022
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 1,960,000 $1,956,899
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 1,250,000 $1,251,851
Jupiter Resources, Inc., 8.5%, 10/1/22 (144A) 1,700,000 $1,328,385
Kane Flt% 12jun15 600,000 $575,040
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,141,875 $1,143,017
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 825,900 $826,148
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 420,500 $420,794
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 800,400 $800,800
Kane Zero% 19feb16 560,000 $568,624
Kane Zero% 22jan17 1,300,000 $1,323,400
KB Home, 8.0%, 3/15/20 50,000 $53,949
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 685,000 $750,184
Kennedy-Wilson, Inc., 5.875%, 4/1/24 1,210,000 $1,247,974
Key Energy Services, Inc., 6.75%, 3/1/21 295,000 $185,297
Kilimanjaro Re, Ltd., Floating Rate Note, 11/25/19 (Cat Bond) (144A) 700,000 $701,278
Kinder Morgan Energy Partners LP, 5.0%, 8/15/42 100,000 $103,260
Kindred Healthcare, Inc., 6.375%, 4/15/22 3,175,000 $3,115,535
Kindred Healthcare, Inc., 8.0%, 1/15/20 (144A) 430,000 $460,425
Kindred Healthcare Inc Bridge L + 6% 09oct15 3,845,000 $3,845,000
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 250,000 $253,111
Kraft Foods Group, Inc. 80,404 $5,253,597
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 250,000 $242,646
Legacy Reserves LP, 6.625%, 12/1/21 150,000 $118,656
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 1,025,000 $810,818
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 100,000 $83,667
Linn Energy LLC, 6.25%, 11/1/19 2,100,000 $1,634,063
Linn Energy LLC, 6.5%, 9/15/21 1,200,000 $912,767
LKQ Corp., 4.75%, 5/15/23 1,800,000 $1,768,550
LMI Aerospace, Inc., 7.375%, 7/15/19 (144A) 1,160,000 $1,155,334
Lorillard, Inc. 107,683 $7,065,082
LyondellBasell Industries NV 37,013 $2,927,358
Mapletree Industrial Trust 13,660,000 $15,425,172
Mapletree Logistics Trust 4,743,000 $4,200,996
MasTec, Inc., 4.875%, 3/15/23 1,685,000 $1,598,082
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 300,000 $29,806
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 350,000 $69,830
McDermott International, Inc., 8.0%, 5/1/21 (144A) 860,000 $550,400
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 891,000 $891,742
Mcron Finance Sub LLC, 8.375%, 5/15/19 (144A) 80,000 $87,214
MedAssets, Inc., 8.0%, 11/15/18 100,000 $105,564
Mediacom Broadband LLC, 5.5%, 4/15/21 1,745,000 $1,781,984
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 2,965,000 $2,630,099
Memorial Production Partners LP, 7.625%, 5/1/21 740,000 $678,256
Memorial Resource Development Corp., 5.875%, 7/1/22 (144A) 630,000 $576,384
Meritage Homes Corp., 7.0%, 4/1/22 170,000 $183,317
Meritor, Inc., 6.25%, 2/15/24 645,000 $671,651
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 500,000 $76,443
Merrill Lynch Mortgage Trust 2005-CKI1, Floating Rate Note, 11/12/37 2,300,000 $2,315,404
Metinvest BV, 8.75%, 2/14/18 (144A) 1,100,000 $539,649
MGM Resorts International, 6.0%, 3/15/23 2,835,000 $2,894,535
Microsoft Corp. 498,124 $20,124,210
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 175,000 $101,646
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 200,000 $106,583
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 100,000 $32,399
Millar Western Forest Products, Ltd., 8.5%, 4/1/21 1,460,000 $1,541,517
Mirabela Nickel, Ltd. 229,303 $5,174
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 26,187 $21,429
Mitsubishi UFJ Financial Group, Inc. 2,634,600 $14,017,717
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 3,000,000 $3,040,851
Monitronics International, Inc., 9.125%, 4/1/20 965,256 $927,048
Monitronics International, Inc., Term B Loan (2013), 3/23/18 58,358 $58,188
Morgan Stanley, Floating Rate Note (Perpetual) 30,000 $838,500
Morgan Stanley Capital I Trust 2007-IQ15, Floating Rate Note, 6/11/49 100,000 $108,401
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 0 $0
MPT Operating Partnership LP, 5.5%, 5/1/24 1,130,000 $1,207,688
Murphy Oil USA, Inc., 6.0%, 8/15/23 1,000,000 $1,085,167
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 500,000 $535,603
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 250,000 $267,169
NANA Development Corp., 9.5%, 3/15/19 (144A) 2,580,000 $2,362,993
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 1,500,000 $1,441,260
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 200,000 $204,586
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,995,000 $1,737,313
Nationstar Mortgage LLC, 6.5%, 7/1/21 1,915,000 $1,666,848
Nationstar Mortgage LLC, 6.5%, 8/1/18 455,000 $436,800
Navistar International Corp., 8.25%, 11/1/21 375,000 $373,828
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 250,000 $252,769
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 600,000 $589,684
Neenah Paper, Inc., 5.25%, 5/15/21 (144A) 911,000 $923,286
Neopost SA 50,223 $2,603,662
NEP, Amendment No. 3 Incremental Term Loan (First Lien), 1/22/20 0 $0
NetApp, Inc. 266,851 $10,086,968
NeuStar, Inc., 4.5%, 1/15/23 1,290,000 $1,131,330
New Residential Advance Receivables Trust Advance Receivables Backed 2014-VF1, 3.6491%, 3/15/45 1,500,000 $1,501,482
Nippon Telegraph & Telephone Corp. 100,500 $5,963,295
Nordea Bank AB 239,749 $3,038,804
Novartis AG 39,994 $3,899,086
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 2,825,000 $2,862,078
NRG Energy, Inc., 6.25%, 7/15/22 600,000 $618,167
NRG Energy, Inc., 6.625%, 3/15/23 635,000 $674,705
NRG Energy, Inc., 7.625%, 1/15/18 75,000 $82,098
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 650,000 $111,764
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 625,000 $92,734
Oasis Petroleum, Inc., 6.875%, 3/15/22 250,000 $236,649
Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A) 895,000 $603,379
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 147,375 $138,330
Old HB, Inc., Term B Loan, 4/9/20 0 $0
Orange SA 455,013 $8,009,653
Outerwall, Inc., 5.875%, 6/15/21 (144A) 3,615,000 $3,389,088
Outerwall, Inc., 6.0%, 3/15/19 605,000 $606,613
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 450,000 $467,763
Pacific Textiles Holdings, Ltd. 2,321,000 $3,197,228
Pangaea Zero% 01jul18 1,050,000 $1,126,650
Parker Drilling Co., 6.75%, 7/15/22 175,000 $126,525
Parker Drilling Co., 7.5%, 8/1/20 170,000 $137,275
Parsley Energy LLC, 7.5%, 2/15/22 (144A) 1,570,000 $1,608,596
PAX Global Technology, Ltd. 2,012,000 $1,885,627
PC Nextco Holdings LLC, 8.75%, 8/15/19 700,000 $738,743
PDC Energy, Inc., 7.75%, 10/15/22 200,000 $197,564
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 230,775 $229,477
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6,300 $370,913
Penn Virginia Corp., 7.25%, 4/15/19 200,000 $169,269
Penn Virginia Corp., 8.5%, 5/1/20 650,000 $553,313
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 350,000 $378,428
Petco Holdings, Inc., 8.5%, 10/15/17 (144A) (PIK) 460,000 $478,413
Pfizer, Inc. 904,202 $28,256,313
Pioneer Energy Services Corp., 6.125%, 3/15/22 775,000 $558,495
PLA Administradora Industrial S de RL de CV 498,730 $1,069,871
Polymer Group, Inc., 6.875%, 6/1/19 (144A) 500,000 $483,229
Post Holdings, Inc., 6.0%, 12/15/22 (144A) 1,775,000 $1,708,733
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 3,375,000 $3,337,031
PPL Capital Funding, Inc., 5.9%, 4/30/73 10,000 $255,000
Precision Castparts Corp. 18,643 $3,730,464
Premier Investment Corp. 345 $1,842,856
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 50,000 $51,799
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 400,000 $385,450
Prysmian S.p.A. 237,088 $4,374,100
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 500,000 $522,047
Radio Systems Corp., 8.375%, 11/1/19 (144A) 250,000 $273,984
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 950,000 $948,417
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 1,200,000 $1,195,400
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 139,000 $89,353
Rayonier AM Products, Inc., 5.5%, 6/1/24 (144A) 515,000 $443,758
Renfro Corp., Tranche B Term Loan, 1/30/19 142,909 $137,729
Rent-A-Center, Inc., 4.75%, 5/1/21 1,985,000 $1,720,747
Rent-A-Center, Inc., 6.625%, 11/15/20 1,135,000 $1,105,474
Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A) 1,875,000 $1,668,855
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 350,000 $361,224
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $628,131
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 500,000 $517,438
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 250,000 $273,769
Resolute Forest Products, Inc., 5.875%, 5/15/23 2,155,000 $2,084,753
Revlon Consumer Products Corp., 5.75%, 2/15/21 1,150,000 $1,206,366
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 950,000 $975,333
Rice Energy, Inc., 6.25%, 5/1/22 785,000 $769,791
Roche Holding AG 41,789 $11,288,176
Rosetta Resources, Inc., 5.875%, 6/1/22 1,370,000 $1,301,215
Rosetta Resources, Inc., 5.875%, 6/1/24 680,000 $627,158
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 1,115,000 $1,133,680
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 290,000 $298,519
Sabine Pass Liquefaction LLC, 5.75%, 5/15/24 1,365,000 $1,388,395
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 500,000 $493,789
Salix Pharmaceuticals, Ltd., 6.0%, 1/15/21 (144A) 805,000 $859,472
Sanchez Energy Corp., 6.125%, 1/15/23 (144A) 2,830,000 $2,512,254
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) (144A) 500,000 $496,300
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 250,000 $250,783
SandRidge Energy, Inc., 7.5%, 2/15/23 50,000 $35,229
SandRidge Energy, Inc., 7.5%, 3/15/21 380,000 $274,867
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 3,100,000 $2,904,528
Scientific Games International, Inc., 6.25%, 9/1/20 3,125,000 $2,268,880
Sealed Air Corp., 6.875%, 7/15/33 (144A) 2,350,000 $2,427,681
Sekisui Chemical Co, Ltd. 519,000 $5,668,106
Seventy Seven Energy, Inc., 6.5%, 7/15/22 300,000 $120,117
SFX Entertainment, Inc., 9.625%, 2/1/19 (144A) 2,650,000 $2,638,406
Shire Plc 222,150 $16,232,568
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 1,200,000 $1,176,550
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 700,000 $712,040
SM Energy Co., 5.0%, 1/15/24 1,300,000 $1,169,639
Societatea Nationala de Gaze Naturale ROMGAZ SA 26,968 $236,559
Sotheby's, 5.25%, 10/1/22 (144A) 1,885,000 $1,823,738
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 270,000 $264,900
Spirit Master Funding LLC, 5.74%, 3/20/42 (144A) 178,672 $200,177
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 100,000 $103,552
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 250,000 $259,274
Springs Industries, Inc., 6.25%, 6/1/21 680,000 $659,883
Sprint Corp., 7.125%, 6/15/24 2,455,000 $2,409,838
Sprint Corp., 7.25%, 9/15/21 1,280,000 $1,313,138
Sri Lanka Government Bonds, 9.0%, 5/1/21 160,000,000 $1,323,851
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 2,675,000 $2,675,855
Standard Pacific Corp., 5.875%, 11/15/24 580,000 $583,695
Standard Pacific Corp., 6.25%, 12/15/21 505,000 $519,133
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 1,455,000 $1,517,151
Stone Energy Corp., 7.5%, 11/15/22 1,789,000 $1,584,756
StoneMor Partners LP, 7.875%, 6/1/21 735,000 $766,697
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 250,000 $263,691
Summit Midstream Holdings LLC, 7.5%, 7/1/21 325,000 $344,094
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 665,000 $709,472
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 1,095,000 $1,168,228
Swedbank AB 83,776 $2,024,494
Swift Energy Co., 7.875%, 3/1/22 1,345,000 $518,245
Swift Energy Co., 8.875%, 1/15/20 355,000 $125,650
Syngenta AG 15,935 $5,185,843
TCP Capital Corp. 688,276 $10,847,230
TDC A/S 557,466 $4,128,193
Templar Energy Llc Tl-B L + 7.5% 25nov20 2,955,000 $1,773,000
The Bank of New York Mellon Corp., Floating Rate Note (Perpetual) 400,000 $373,800
The Geo Group, Inc., 5.875%, 10/15/24 3,050,000 $3,204,216
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 30,000 $34,169
The Ryland Group, Inc., 5.375%, 10/1/22 205,000 $202,523
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 25,000 $26,286
Titan International, Inc., 6.875%, 10/1/20 500,000 $442,083
T-Mobile USA, Inc., 6.0%, 3/1/23 3,000,000 $3,140,500
T-Mobile USA, Inc., 6.5%, 1/15/24 215,000 $223,684
T-Mobile USA, Inc., 6.625%, 11/15/20 100,000 $105,374
T-Mobile USA, Inc., 6.836%, 4/28/23 335,000 $349,428
TMS International Corp., 7.625%, 10/15/21 (144A) 2,005,000 $2,039,990
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,290,000 $1,021,823
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 200,000 $105,360
Tonon Luxembourg SA, 10.5%, 5/14/24 (144A) 550,000 $413,852
TPG Specialty Lending, Inc. 17,365 $303,540
TRAC Intermodal LLC, 11.0%, 8/15/19 100,000 $113,572
Transcend Information, Inc. 199,000 $627,681
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 635,000 $690,677
TriplePoint Venture Growth BDC Corp. 290,000 $4,019,400
Triumph Group, Inc., 5.25%, 6/1/22 550,000 $546,563
Tronox Finance LLC, 6.375%, 8/15/20 2,500,000 $2,548,490
Trswap: Jpnk400 Index Jpy Buy -2,016,026,773 $692,403
Truven Health Analytics, Inc., 10.625%, 6/1/20 80,000 $79,417
Unifrax I LLC, 7.5%, 2/15/19 (144A) 200,000 $205,917
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 100,000 $99,519
United Continental Holdings, Inc., 6.0%, 7/15/26 2,300,000 $2,240,008
United Rentals North America, Inc., 5.75%, 11/15/24 640,000 $657,369
Universal Hospital Services, Inc., 7.625%, 8/15/20 2,085,000 $1,897,683
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 58,909 $58,108
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 150,000 $154,137
Valero Energy Corp., 6.625%, 6/15/37 100,000 $121,718
Vers 2015-A Zero% 31dec17 800,000 $806,240
Vertafore, Inc., Term Loan (2013), 10/3/19 95,549 $95,071
Viasystems, Inc., 7.875%, 5/1/19 (144A) 2,520,000 $2,711,363
VOLT XXIII LLC, 4.75%, 11/25/53 (Step) 1,900,000 $1,894,079
Voya Financial, Inc., Floating Rate Note, 5/15/53 300,000 $305,078
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 84,000 $86,090
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 25,000 $26,140
Wasion Group Holdings, Ltd. 202,000 $187,666
Waterjet Holdings, Inc., 7.625%, 2/1/20 (144A) 2,505,000 $2,669,391
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 100,000 $104,771
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,000,000 $1,049,639
Wells Fargo & Co., Floating Rate Note (Perpetual) 2,100,000 $2,197,242
West Corp., Term B-10 Loan, 6/30/18 0 $0
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 800,000 $708,949
Westgate Resorts LLC, 9.5%, 2/20/25 (144A) 5,000,000 $1,846,621
WFRBS Commercial Mortgage Trust 2011-C3, Floating Rate Note, 3/15/44 (144A) 100,000 $112,328
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 100,000 $99,645
Windstream Corp., 6.375%, 8/1/23 2,680,000 $2,554,375
Windstream Corp., 7.5%, 6/1/22 770,000 $777,700
Windstream Corp., 7.75%, 10/1/21 590,000 $614,092
WMG Acquisition Corp., 5.625%, 4/15/22 (144A) 1,900,000 $1,917,219
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 1,625,000 $1,496,828
WR Grace & Co-Conn, 5.625%, 10/1/24 (144A) 2,350,000 $2,569,945
Wynn Macau, Ltd., 5.25%, 10/15/21 (144A) 1,120,000 $1,107,213
Xerium Technologies, Inc., 8.875%, 6/15/18 1,130,000 $1,193,665
XPO Logistics, Inc., 7.875%, 9/1/19 (144A) 1,375,000 $1,473,484
Yahoo!, Inc. 68,198 $3,000,030
Zebra Technologies Corp., 7.25%, 10/15/22 (144A) 1,150,000 $1,257,924
Zurich Insurance Group AG 7,116 $2,362,018

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