Pioneer Multi-Asset Income Fund

Top 10 Portfolio Holdings as of 2/27/2015
Default: sorted by market value

Security Name Par / Shares Market Value
14112z Zero% 01feb19 1,200,000 $1,232,520
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 100,000 $100,143
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 100,000 $100,205
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 1,006,078 $984,950
AbbVie, Inc. 124,366 $7,524,143
Acer 5.92% 12jun23 15-1a-E 800,000 $799,837
ACE Securities Corp Manufactured Housing Trust Series 2003-MH1, Floating Rate Note, 8/15/30 (144A) 50,000 $4,525
Advanced Micro Devices, Inc., 6.75%, 3/1/19 1,000,000 $1,025,688
Advanced Micro Devices, Inc., 7.0%, 7/1/24 4,350,000 $4,006,713
Advanced Micro Devices, Inc., 7.5%, 8/15/22 1,085,000 $1,074,376
Advanced Semiconductor Engineering, Inc. 1,273,000 $1,712,535
AECOM, 5.75%, 10/15/22 (144A) 655,000 $700,968
AECOM, 5.875%, 10/15/24 (144A) 655,000 $711,116
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 176,000 $157,594
AES Tiete SA 553,802 $2,657,474
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 1,260,000 $1,351,035
Alliance One International, Inc., 9.875%, 7/15/21 2,075,000 $1,772,662
Alpha Natural Resources, Inc., 6.0%, 6/1/19 950,000 $301,150
Alpha Natural Resources, Inc., 7.5%, 8/1/20 (144A) 1,660,000 $748,038
Alstom SA 126,264 $4,167,084
Altice Finco SA, 8.125%, 1/15/24 (144A) 200,000 $213,821
Altria Group, Inc. 36,103 $2,032,238
Altrl Zero% 30jun16 187,586 $134,218
American Airlines Group, Inc. 118,681 $5,684,820
American Electric Power Co, Inc. 77,101 $4,439,476
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 2,650,000 $2,266,044
Amsg 5.625% 15jul22 1,425,000 $1,520,074
APERAM SA, 7.75%, 4/1/18 (144A) 150,000 $160,561
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 1,000,000 $935,250
Apollo Commercial Real Estate Finance, Inc., 5.5%, 3/15/19 595,000 $609,445
Apollo Investment Corp. 1,591,273 $12,396,017
Apple, Inc. 186,236 $23,923,877
Approach Resources, Inc., 7.0%, 6/15/21 1,580,000 $1,464,177
Appvion, Inc., 9.0%, 6/1/20 (144A) 435,000 $307,980
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 1,252,612 $1,324,624
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 1,000,000 $1,015,625
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 183,584 $184,301
Ares Capital Corp. 1,158,202 $20,036,895
Armor Re, Ltd., Floating Rate Note, 12/15/16 (Cat Bond) (144A) 500,000 $504,189
Ashtead Capital, Inc., 5.625%, 10/1/24 (144A) 1,085,000 $1,166,545
Atlas Pipeline Partners LP, 4.75%, 11/15/21 670,000 $685,805
Audatex North America, Inc., 6.125%, 11/1/23 (144A) 1,700,000 $1,835,841
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 465,000 $356,815
Avance Gas Holding, Ltd. 531,565 $8,717,779
Avis Budget Car Rental LLC, 5.5%, 4/1/23 1,290,000 $1,380,246
Axiall Corp., 4.875%, 5/15/23 2,145,000 $2,212,456
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 40,000 $35,474
Bank of America Corp., Floating Rate Note, 10/23/49 1,550,000 $1,677,497
Bank of America Corp., Floating Rate Note, 9/29/49 2,075,000 $2,196,978
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,245,000 $1,250,866
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 321,166 $15,920
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, Floating Rate Note, 8/28/44 (144A) 450,000 $388,881
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 2,250,000 $2,136,745
Bear Stearns Asset Backed Securities Trust, 8.41%, 10/25/29 (Step) 2,500,000 $60,778
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 200,000 $209,918
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $100,445
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 1,500,000 $1,508,427
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 767,493 $783,858
Belden, Inc., 5.5%, 9/1/22 (144A) 410,000 $431,337
Berry Petroleum Co LLC, 6.375%, 9/15/22 700,000 $576,705
BioScrip, Inc., 8.875%, 2/15/21 (144A) 1,555,000 $1,396,709
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 44,551 $44,607
BioScrip, Inc., Initial Term B Loan, 7/31/20 89,103 $89,214
BlackRock MuniVest Fund, Inc. 620,000 $6,355,000
BlackRock MuniYield Fund, Inc. 420,000 $6,321,000
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 250,000 $250,724
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 113,143 $112,209
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 935,000 $873,582
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 1,185,000 $1,190,851
BreitBurn Energy Partners LP, 7.875%, 4/15/22 430,000 $352,210
Bridgestone Corp. 181,500 $6,957,808
Bristow Group, Inc., 6.25%, 10/15/22 225,000 $225,695
Brown Shoe Co, Inc., 7.125%, 5/15/19 300,000 $318,116
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 250,000 $255,076
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 500,000 $527,413
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 435,000 $398,297
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 3,550,000 $3,581,999
Calumet Specialty Products Partners LP, 7.625%, 1/15/22 170,000 $174,948
Cambium Learning Group, Inc., 9.75%, 2/15/17 100,000 $99,102
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 350,000 $173,244
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 100,000 $112,409
Cardinal Health, Inc. 80,203 $7,057,062
CCO Holdings LLC, 5.75%, 1/15/24 165,000 $171,289
CCO Holdings LLC, 5.75%, 9/1/23 1,440,000 $1,534,710
CenturyLink, Inc., 5.8%, 3/15/22 200,000 $217,752
CenturyLink, Inc., 6.45%, 6/15/21 700,000 $777,405
CenturyLink, Inc., 6.75%, 12/1/23 1,325,000 $1,518,036
CenturyLink, Inc., 7.6%, 9/15/39 450,000 $474,485
Cenveo Corp., 6.0%, 8/1/19 (144A) 1,090,000 $1,032,230
CEVA GROUP Plc 22 $15,701
CEVA GROUP Plc, 0.0%, 12/31/14 49 $33,985
Chaparral Energy, Inc., 7.625%, 11/15/22 2,325,000 $1,771,222
Chevron Lubricants Lanka Plc 285,354 $876,545
Chiquita Brands International, Inc., 7.875%, 2/1/21 214,000 $236,129
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 130,000 $16,228
CHS, 6.875%, 2/1/22 2,540,000 $2,729,309
CHS, 8.0%, 11/15/19 1,065,000 $1,163,927
Citigroup, Inc., Floating Rate Note (Perpetual) 37,000 $1,014,910
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 50,000 $52,014
Cobalt International Energy, Inc., 2.625%, 12/1/19 1,300,000 $951,559
CoBank ACB, Floating Rate Note (Perpetual) (144A) 1,000 $103,094
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 150,000 $150,364
Commercial Metals Co., 4.875%, 5/15/23 500,000 $484,474
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 350,000 $371,558
CommScope Holding Co, Inc., 6.625%, 6/1/20 (144A) (PIK) 570,000 $584,826
Comstock Resources, Inc., 7.75%, 4/1/19 1,110,000 $723,327
ContourGlobal Power Holdings SA, 7.125%, 6/1/19 (144A) 865,000 $888,544
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 250,000 $252,693
Corsicanto, Ltd., 3.5%, 1/15/32 250,000 $187,872
Cott Beverages, Inc., 5.375%, 7/1/22 (144A) 2,685,000 $2,499,763
Countrywide Asset-Backed Certificates, 5.557%, 1/25/36 (Step) 205,000 $208,186
Countrywide Asset-Backed Certificates, Floating Rate Note, 1/25/36 130,000 $56,785
Covanta Holding Corp., 5.875%, 3/1/24 380,000 $406,176
CPI International, Inc., 8.0%, 2/15/18 105,000 $106,907
Cqp 5.625% 01mar25 144a 690,000 $693,450
Credit Suisse First Boston Mortgage Securities Corp., 5.5%, 6/25/33 100,000 $19,310
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $102,779
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 855,000 $865,006
Crestwood Midstream Partners LP, 6.0%, 12/15/20 340,000 $344,987
Crestwood Midstream Partners LP, 6.125%, 3/1/22 385,000 $398,519
Crown Americas LLC, 4.5%, 1/15/23 1,000,000 $1,027,875
CST Brands, Inc., 5.0%, 5/1/23 1,130,000 $1,185,088
CVS Health Corp. 30,570 $3,175,306
Daimler AG 17,512 $1,693,380
Darling Ingredients, Inc., 5.375%, 1/15/22 455,000 $462,471
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 1,865,000 $1,946,354
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 100,000 $112,922
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 300,000 $245,479
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 200,000 $200,394
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 700,000 $638,750
Denbury Resources, Inc., 4.625%, 7/15/23 1,250,000 $1,127,218
Denbury Resources, Inc., 5.5%, 5/1/22 1,125,000 $1,071,984
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 730,000 $710,974
Dish 5.875% 15nov24 1,720,000 $1,738,908
Dltr 5.75% 01mar23 144a 1,645,000 $1,732,676
Doha Bank QSC 124,968 $1,991,525
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 1,710,000 $1,775,942
Domino's Pizza Group Plc 159,113 $1,773,340
DR Horton, Inc., 5.75%, 8/15/23 300,000 $326,873
DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A) 3,440,000 $3,274,307
DynCorp International, Inc., 10.375%, 7/1/17 20,000 $18,479
easyJet Plc 246,121 $6,571,978
Eaton Corp Plc 125,136 $8,885,907
eBay, Inc. 73,699 $4,267,909
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 275,000 $277,308
Endo Finance LLC, 5.375%, 1/15/23 (144A) 1,255,000 $1,285,020
Endo Finance LLC, 5.75%, 1/15/22 (144A) 1,260,000 $1,336,379
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 1,455,000 $585,880
Energy Transfer Equity LP, 5.875%, 1/15/24 980,000 $1,055,477
Energy XXI, Ltd., 3.0%, 12/15/18 3,830,000 $1,478,699
Energy XXI Gulf Coast, Inc., 6.875%, 3/15/24 (144A) 144,000 $76,483
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 845,000 $448,026
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 1,270,000 $1,341,676
Entegris, Inc., 6.0%, 4/1/22 (144A) 2,100,000 $2,235,450
EPL Oil & Gas, Inc., 8.25%, 2/15/18 50,000 $36,024
EPR Properties 138,202 $8,431,704
European Investment Bank, 7.2%, 7/9/19 (144A) 95,470,000,000 $7,585,318
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 746,250 $737,295
ExamWorks Group, Inc., 9.0%, 7/15/19 100,000 $107,075
Exopac 7.875% 01nov19 144a 800,000 $832,475
Exopack Holding Corp., 10.0%, 6/1/18 (144A) 200,000 $216,333
Exterran Partners LP, 6.0%, 4/1/21 700,000 $661,150
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 125,000 $132,176
Federal Home Loan Mortgage Corp., Floating Rate Note, 9/26/44 (144A) 50,000 $51,850
Federal National Mortgage Association REMICS, 3.5%, 1/25/29 500,000 $9,340
Ferrellgas LP, 6.5%, 5/1/21 625,000 $639,766
Ferrellgas LP, 6.75%, 1/15/22 2,305,000 $2,346,634
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 856,610 $660,929
Fifth Third Bancorp, Floating Rate Note (Perpetual) 5,910 $163,884
Filtration Group, Inc., Initial Term Loan (Second Lien), 11/15/21 200,000 $201,000
First Data Corp., 11.75%, 8/15/21 130,000 $152,002
First Gulf Bank PJSC 173,481 $840,019
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 1,015,000 $1,068,985
Florida East Coast Holdings Corp., 9.75%, 5/1/20 (144A) 1,330,000 $1,338,894
Fortescue Metals Group, Ltd. 934,640 $1,813,085
Forum Energy Technologies, Inc., 6.25%, 10/1/21 500,000 $482,760
FREMF Mortgage Trust 2011-K12, Floating Rate Note, 1/25/46 (144A) 100,000 $108,158
Frontier Communications Corp., 6.25%, 9/15/21 300,000 $316,635
Frontier Communications Corp., 7.125%, 1/15/23 2,040,000 $2,146,611
Frontier Communications Corp., 8.5%, 4/15/20 317,000 $368,165
Frontier Communications Corp., 8.75%, 4/15/22 160,000 $187,072
Frontier Communications Corp., 9.25%, 7/1/21 800,000 $945,717
Gannett Co, Inc., 6.375%, 10/15/23 1,505,000 $1,668,371
GCI, Inc., 6.75%, 6/1/21 1,200,000 $1,236,825
GCI, Inc., 8.625%, 11/15/19 758,000 $811,763
GDF Suez 113,831 $2,527,961
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 250,000 $252,659
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 1,650,000 $72,488
General Cable Corp., 4.5%, 11/15/29 (Step) 1,410,000 $998,985
General Cable Corp., 5.75%, 10/1/22 2,090,000 $1,867,371
General Electric Capital Corp., Floating Rate Note (Perpetual) 100,000 $119,195
Gentiva Health Services, Inc., 11.5%, 9/1/18 40,000 $44,712
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 1,000,000 $749,317
Global Display Co, Ltd. 315,000 $1,956,798
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 300,000 $63,928
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 296,900 $70,837
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 755,000 $173,807
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 137,171 $30,433
Global Partners LP, 6.25%, 7/15/22 (144A) 1,655,000 $1,650,805
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 210,000 $199,416
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 550,000 $551,024
Gol LuxCo SA, 8.875%, 1/24/22 (144A) 1,960,000 $1,682,429
Golub Capital BDC, Inc. 341,356 $6,062,483
Government National Mortgage Association, Floating Rate Note, 2/16/53 150,000 $9,959
Government National Mortgage Association, Floating Rate Note, 3/16/53 150,000 $9,307
Government National Mortgage Association, Floating Rate Note, 8/16/52 200,000 $9,902
Government National Mortgage Association, Floating Rate Note, 9/16/52 150,000 $9,987
Government National Mortgage Association REMICS, Floating Rate Note, 11/16/54 3,400,000 $308,031
Government National Mortgage Association REMICS, Floating Rate Note, 6/20/38 100,000 $2,184
Griffon Corp., 5.25%, 3/1/22 1,255,000 $1,268,570
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 675,000 $673,837
Gulfport Energy Corp., 7.75%, 11/1/20 100,000 $105,519
Gulfport Energy Corp., 7.75%, 11/1/20 (144A) 2,205,000 $2,326,688
Halcon Resources Corp. 3,707 $7,117
Halcon Resources Corp., 0.0% (Perpetual) 500 $173,875
Halcon Resources Corp., 8.875%, 5/15/21 175,000 $137,444
Halcon Resources Corp., 9.25%, 2/15/22 570,000 $427,979
Halcon Resources Corp., 9.75%, 7/15/20 1,710,000 $1,336,614
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 1,125,000 $1,206,836
Hexion US Finance Corp., 9.0%, 11/15/20 2,430,000 $1,593,473
Hiland Partners LP, 5.5%, 5/15/22 (144A) 370,000 $391,547
Hiland Partners LP, 7.25%, 10/1/20 (144A) 600,000 $673,263
Hitachi, Ltd. 629,000 $4,304,202
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 200,000 $179,513
Imperial Tobacco Group Plc 207,122 $10,185,691
Indonesia Treasury Bond, 8.375%, 3/15/24 46,167,000,000 $4,058,276
Indonesia Treasury Bond, 9.0%, 3/15/29 43,403,000,000 $4,064,882
Indo Tambangraya Megah Tbk PT 631,551 $824,925
Industrial & Commercial Bank of China, Ltd. 13,744,000 $10,027,927
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 2,960,000 $2,730,549
Iron Mountain, Inc., 5.75%, 8/15/24 1,025,000 $1,039,941
j2 Global, Inc., 8.0%, 8/1/20 325,000 $352,950
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 760,000 $799,789
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 225,000 $253,519
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 1,800,000 $1,888,563
JBS Investments GmbH, 7.75%, 10/28/20 (144A) 325,000 $350,458
Jefferies Finance LLC, 7.375%, 4/1/20 (144A) 200,000 $204,023
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 1,350,000 $1,228,303
Johnson & Johnson 218,868 $22,436,159
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 1,034,680 $920,865
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 540,000 $585,761
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 225,000 $229,916
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 1,960,000 $1,955,898
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 1,250,000 $1,251,531
Jupiter Resources, Inc., 8.5%, 10/1/22 (144A) 1,700,000 $1,441,222
Kane Flt% 12jun15 600,000 $580,860
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 825,900 $826,808
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,141,875 $1,144,730
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 800,400 $801,601
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 420,500 $421,425
Kane Zero% 19feb16 560,000 $576,968
Kane Zero% 29apr16 1,300,000 $1,331,330
Kbh 7.625% 15may23 4,305,000 $4,347,318
KB Home, 8.0%, 3/15/20 50,000 $54,811
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 685,000 $733,124
Kenedix Retail Reit Corp 331 $756,571
Kennedy-Wilson, Inc., 5.875%, 4/1/24 1,210,000 $1,251,127
Key Energy Services, Inc., 6.75%, 3/1/21 295,000 $206,887
Kilimanjaro Re, Ltd., Floating Rate Note, 11/25/19 (Cat Bond) (144A) 700,000 $702,056
Kinder Morgan Energy Partners LP, 5.0%, 8/15/42 100,000 $100,575
Kindred Healthcare, Inc., 6.375%, 4/15/22 3,175,000 $3,249,778
Kindred Healthcare, Inc., 8.0%, 1/15/20 (144A) 430,000 $473,239
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 250,000 $254,142
Kraft Foods Group, Inc. 80,404 $5,150,680
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 250,000 $251,349
Legacy Reserves LP, 6.625%, 12/1/21 1,025,000 $841,536
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 100,000 $84,492
Linn Energy LLC, 6.25%, 11/1/19 2,100,000 $1,832,906
Linn Energy LLC, 6.5%, 9/15/21 1,200,000 $1,044,617
LKQ Corp., 4.75%, 5/15/23 1,800,000 $1,797,463
LMI Aerospace, Inc., 7.375%, 7/15/19 (144A) 1,615,000 $1,633,264
Mapletree Industrial Trust 13,660,000 $15,487,066
Mapletree Logistics Trust 4,743,000 $4,279,692
MasTec, Inc., 4.875%, 3/15/23 1,685,000 $1,633,730
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 300,000 $29,791
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 350,000 $68,561
McDermott International, Inc., 8.0%, 5/1/21 (144A) 860,000 $615,760
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 891,000 $894,898
Mcron Finance Sub LLC, 8.375%, 5/15/19 (144A) 80,000 $87,717
MedAssets, Inc., 8.0%, 11/15/18 100,000 $106,664
Mediacom Broadband LLC, 5.5%, 4/15/21 1,745,000 $1,815,357
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 2,965,000 $2,765,326
Memorial Production Partners LP, 7.625%, 5/1/21 740,000 $726,888
Memorial Resource Development Corp., 5.875%, 7/1/22 (144A) 630,000 $610,660
Meritage Homes Corp., 7.0%, 4/1/22 170,000 $185,909
Meritor, Inc., 6.25%, 2/15/24 645,000 $657,743
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 500,000 $75,917
Merrill Lynch Mortgage Trust 2005-CKI1, Floating Rate Note, 11/12/37 2,300,000 $2,313,359
Metinvest BV, 8.75%, 2/14/18 (144A) 900,000 $318,923
MGM Resorts International, 6.0%, 3/15/23 2,835,000 $2,992,343
Microsoft Corp. 498,124 $21,842,737
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 175,000 $118,807
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 200,000 $129,971
Millar Western Forest Products, Ltd., 8.5%, 4/1/21 1,460,000 $1,561,774
Mirabela Nickel, Ltd. 229,303 $15,226
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 26,187 $21,092
Mitsubishi UFJ Financial Group, Inc. 2,634,600 $17,146,929
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 3,000,000 $3,033,817
Monitronics International, Inc., 9.125%, 4/1/20 965,256 $983,123
Monitronics International, Inc., Term B Loan (2013), 3/23/18 58,358 $58,513
Morgan Stanley, Floating Rate Note (Perpetual) 30,000 $845,100
Morgan Stanley Capital I Trust 2007-IQ15, Floating Rate Note, 6/11/49 100,000 $107,547
MPT Operating Partnership LP, 5.5%, 5/1/24 1,130,000 $1,223,649
Mu 5.5% 01feb25 144a 855,000 $879,902
Murphy Oil USA, Inc., 6.0%, 8/15/23 1,000,000 $1,068,417
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 500,000 $534,912
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 250,000 $267,755
NANA Development Corp., 9.5%, 3/15/19 (144A) 2,580,000 $2,484,576
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 1,500,000 $1,430,521
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 200,000 $204,369
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,995,000 $1,926,588
Nationstar Mortgage LLC, 6.5%, 7/1/21 1,915,000 $1,862,896
Nationstar Mortgage LLC, 6.5%, 8/1/18 455,000 $455,489
Navistar International Corp., 8.25%, 11/1/21 375,000 $386,930
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 250,000 $251,623
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 600,000 $587,320
Neopost SA 50,223 $2,707,093
NetApp, Inc. 266,851 $10,313,791
NeuStar, Inc., 4.5%, 1/15/23 1,290,000 $1,142,134
New Residential Advance Receivables Trust Advance Receivables Backed 2014-VF1, 3.6491%, 3/15/45 1,500,000 $1,501,633
Nippon Telegraph & Telephone Corp. 100,500 $6,235,157
Nordea Bank AB 239,749 $3,233,311
Novartis AG 39,994 $4,093,463
Nrg 6.25% 01may24 2,825,000 $2,938,883
NRG Energy, Inc., 6.25%, 7/15/22 600,000 $629,979
NRG Energy, Inc., 6.625%, 3/15/23 635,000 $685,798
NRG Energy, Inc., 7.625%, 1/15/18 75,000 $83,933
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 650,000 $110,464
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 625,000 $88,789
Oasis Petroleum, Inc., 6.875%, 3/15/22 250,000 $252,782
Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A) 895,000 $570,208
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 147,375 $141,434
Orange SA 225,101 $4,098,891
Outerwall, Inc., 5.875%, 6/15/21 (144A) 3,615,000 $3,368,866
Outerwall, Inc., 6.0%, 3/15/19 605,000 $606,311
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 450,000 $467,397
Pacific Textiles Holdings, Ltd. 2,321,000 $3,469,952
Pangaea Zero% 01jul18 1,050,000 $1,135,050
Parker Drilling Co., 6.75%, 7/15/22 175,000 $144,911
Parker Drilling Co., 7.5%, 8/1/20 170,000 $147,156
Parsley Energy LLC, 7.5%, 2/15/22 (144A) 1,570,000 $1,613,502
PAX Global Technology, Ltd. 2,012,000 $1,832,832
PC Nextco Holdings LLC, 8.75%, 8/15/19 700,000 $716,212
PDC Energy, Inc., 7.75%, 10/15/22 200,000 $213,726
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 230,775 $229,621
Penn Virginia Corp., 6.0% (Perpetual) (144A) 6,300 $374,456
Penn Virginia Corp., 7.25%, 4/15/19 200,000 $196,107
Penn Virginia Corp., 8.5%, 5/1/20 650,000 $654,956
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 350,000 $382,759
Petco Holdings, Inc., 8.5%, 10/15/17 (144A) (PIK) 460,000 $488,245
Petm 7.125% 15mar23 144a 1,550,000 $1,604,250
Petsmart Inc 1st Lien Bridge L + 7% 13dec15 4,050,000 $4,050,000
Pfizer, Inc. 904,202 $31,032,213
Pioneer Energy Services Corp., 6.125%, 3/15/22 775,000 $616,305
PLA Administradora Industrial S de RL de CV 498,730 $1,075,321
Polymer Group, Inc., 6.875%, 6/1/19 (144A) 500,000 $488,307
Post Holdings, Inc., 6.0%, 12/15/22 (144A) 1,775,000 $1,767,752
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 3,375,000 $3,505,992
PPL Capital Funding, Inc., 5.9%, 4/30/73 10,000 $253,600
Precision Castparts Corp. 18,643 $4,032,481
Premier Investment Corp. 345 $1,920,090
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 50,000 $51,267
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 400,000 $389,035
Prysmian S.p.A. 237,088 $4,735,248
QUALCOMM, Inc. 57,975 $4,203,767
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 500,000 $524,672
Radio Systems Corp., 8.375%, 11/1/19 (144A) 250,000 $276,805
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 950,000 $935,117
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 1,200,000 $1,171,325
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 139,000 $88,509
Rayonier AM Products, Inc., 5.5%, 6/1/24 (144A) 515,000 $448,458
Renfro Corp., Tranche B Term Loan, 1/30/19 142,909 $141,480
Rent-A-Center, Inc., 4.75%, 5/1/21 1,985,000 $1,727,818
Rent-A-Center, Inc., 6.625%, 11/15/20 1,135,000 $1,094,089
Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A) 1,875,000 $1,901,276
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 350,000 $362,156
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $628,318
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 500,000 $517,525
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 250,000 $273,894
Resolute Forest Products, Inc., 5.875%, 5/15/23 2,155,000 $2,115,798
Revlon Consumer Products Corp., 5.75%, 2/15/21 1,150,000 $1,181,138
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 950,000 $985,071
Rice Energy, Inc., 6.25%, 5/1/22 785,000 $781,320
Rite Aid Corporation 1st Lien Bridge L + 6% 10feb16 4,185,000 $4,185,000
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 2,765,000 $2,740,451
Roche Holding AG 41,789 $11,324,446
Rosetta Resources, Inc., 5.875%, 6/1/22 1,370,000 $1,334,651
Rosetta Resources, Inc., 5.875%, 6/1/24 680,000 $652,255
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 1,115,000 $1,153,158
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 290,000 $298,111
Sabine Pass Liquefaction LLC, 5.75%, 5/15/24 1,365,000 $1,418,169
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 500,000 $515,014
Salix Pharmaceuticals, Ltd., 6.0%, 1/15/21 (144A) 805,000 $907,850
Sanchez Energy Corp., 6.125%, 1/15/23 (144A) 2,830,000 $2,617,229
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) (144A) 500,000 $496,517
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 250,000 $251,336
SandRidge Energy, Inc., 7.5%, 2/15/23 50,000 $35,885
SandRidge Energy, Inc., 7.5%, 3/15/21 380,000 $292,679
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 3,100,000 $3,121,528
Scientific Games International, Inc., 6.25%, 9/1/20 3,125,000 $2,502,279
Sealed Air Corp., 6.875%, 7/15/33 (144A) 2,350,000 $2,486,798
Sekisui Chemical Co, Ltd. 519,000 $6,662,229
Seventy Seven Energy, Inc., 6.5%, 7/15/22 300,000 $158,329
SFX Entertainment, Inc., 9.625%, 2/1/19 (144A) 2,650,000 $2,629,380
Shire Plc 222,150 $17,959,637
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 1,200,000 $1,191,268
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 700,000 $723,310
SM Energy Co., 5.0%, 1/15/24 1,300,000 $1,268,764
Societatea Nationala de Gaze Naturale ROMGAZ SA 26,968 $229,407
Sotheby's, 5.25%, 10/1/22 (144A) 1,885,000 $1,882,997
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 270,000 $254,775
Spirit Master Funding LLC, 5.74%, 3/20/42 (144A) 178,672 $205,035
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 100,000 $103,470
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 250,000 $259,090
Springs Industries, Inc., 6.25%, 6/1/21 1,365,000 $1,355,456
Sprint Corp., 7.125%, 6/15/24 2,455,000 $2,478,195
Sprint Corp., 7.25%, 9/15/21 2,000,000 $2,104,403
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 2,675,000 $2,764,965
Standard Pacific Corp., 5.875%, 11/15/24 580,000 $602,201
Standard Pacific Corp., 6.25%, 12/15/21 505,000 $536,650
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 1,455,000 $1,526,381
Stone Energy Corp., 7.5%, 11/15/22 1,789,000 $1,737,939
StoneMor Partners LP, 7.875%, 6/1/21 855,000 $911,884
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 250,000 $254,306
Summit Midstream Holdings LLC, 7.5%, 7/1/21 325,000 $345,922
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 665,000 $695,278
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 1,095,000 $1,144,857
Swedbank AB 83,776 $2,177,540
Swift Energy Co., 7.875%, 3/1/22 1,345,000 $711,127
Swift Energy Co., 8.875%, 1/15/20 355,000 $181,263
Syngenta AG 15,935 $5,616,172
TCP Capital Corp. 727,109 $12,070,009
TDC A/S 557,466 $4,405,967
Templar Energy Llc 1st Lien Tl-B L + 7.5% 25nov20 2,955,000 $2,275,350
The Bank of New York Mellon Corp., Floating Rate Note (Perpetual) 400,000 $380,400
The Geo Group, Inc., 5.875%, 10/15/24 3,050,000 $3,271,030
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 30,000 $33,356
The Ryland Group, Inc., 5.375%, 10/1/22 205,000 $206,424
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 25,000 $26,187
Titan International, Inc., 6.875%, 10/1/20 500,000 $469,036
T-Mobile USA, Inc., 6.0%, 3/1/23 3,000,000 $3,215,530
T-Mobile USA, Inc., 6.5%, 1/15/24 215,000 $229,032
T-Mobile USA, Inc., 6.625%, 11/15/20 100,000 $107,395
T-Mobile USA, Inc., 6.836%, 4/28/23 335,000 $359,940
TMS International Corp., 7.625%, 10/15/21 (144A) 2,005,000 $2,076,519
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,290,000 $1,088,097
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 200,000 $90,247
Tonon Luxembourg SA, 10.5%, 5/14/24 (144A) 550,000 $327,433
Toyota Motor Corp. 25,200 $1,699,801
TRAC Intermodal LLC, 11.0%, 8/15/19 100,000 $109,397
Transcend Information, Inc. 199,000 $654,412
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 635,000 $691,491
TriplePoint Venture Growth BDC Corp. 290,000 $4,312,300
Triumph Group, Inc., 5.25%, 6/1/22 550,000 $548,728
Tronox Finance LLC, 6.375%, 8/15/20 2,500,000 $2,496,380
T Rowe Price Group, Inc. 9,883 $816,336
Trswap: Jpnk400 Index Jpy Buy -2,016,026,773 $2,035,643
Truven Health Analytics, Inc., 10.625%, 6/1/20 80,000 $84,254
Unifrax I LLC, 7.5%, 2/15/19 (144A) 200,000 $202,542
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 100,000 $101,081
United Continental Holdings, Inc., 6.0%, 7/15/26 2,300,000 $2,293,483
United Rentals North America, Inc., 5.75%, 11/15/24 640,000 $685,729
Universal Hospital Services, Inc., 7.625%, 8/15/20 2,085,000 $1,783,203
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 58,909 $58,840
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 150,000 $156,590
Uvn 5.125% 15feb25 144a 1,060,000 $1,074,608
Valero Energy Corp., 6.625%, 6/15/37 100,000 $126,489
Vers 2015-A Zero% 31dec17 800,000 $806,240
Vertafore, Inc., Term Loan (2013), 10/3/19 95,549 $95,559
Viasystems, Inc., 7.875%, 5/1/19 (144A) 2,520,000 $2,723,096
VOLT XXIII LLC, 4.75%, 11/25/53 (Step) 1,900,000 $1,893,124
Voya Financial, Inc., Floating Rate Note, 5/15/53 300,000 $316,100
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 84,000 $85,826
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 25,000 $26,067
Wasion Group Holdings, Ltd. 202,000 $200,182
Waterjet Holdings, Inc., 7.625%, 2/1/20 (144A) 2,505,000 $2,619,525
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 100,000 $107,129
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,000,000 $1,066,451
Wells Fargo & Co., Floating Rate Note (Perpetual) 2,100,000 $2,222,245
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 800,000 $689,053
Westgate Resorts LLC, 9.5%, 2/20/25 (144A) 5,000,000 $1,686,637
WFRBS Commercial Mortgage Trust 2011-C3, Floating Rate Note, 3/15/44 (144A) 100,000 $111,087
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 100,000 $98,502
Windstream Corp., 6.375%, 8/1/23 2,680,000 $2,478,414
Windstream Corp., 7.5%, 6/1/22 770,000 $772,406
Windstream Corp., 7.75%, 10/1/21 590,000 $614,571
WMG Acquisition Corp., 5.625%, 4/15/22 (144A) 1,900,000 $1,939,484
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 1,625,000 $1,584,273
WR Grace & Co-Conn, 5.625%, 10/1/24 (144A) 2,350,000 $2,585,734
Wynn Macau, Ltd., 5.25%, 10/15/21 (144A) 1,120,000 $1,122,123
Xerium Technologies, Inc., 8.875%, 6/15/18 1,130,000 $1,195,536
XPO Logistics, Inc., 7.875%, 9/1/19 (144A) 1,375,000 $1,516,840
Yahoo!, Inc. 68,198 $3,019,807
Zebra Technologies Corp., 7.25%, 10/15/22 (144A) 1,150,000 $1,272,802
Zurich Insurance Group AG 7,116 $2,271,414

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