Pioneer Dynamic Credit Fund

Top 10 Portfolio Holdings as of 2/28/2014
Default: sorted by market value

Security Name Par / Shares Market Value
A10 Securitization 2013-1 LLC, 4.7%, 11/15/25 (144A) 350,000 $349,408
A10 Securitization 2013-1 LLC, 6.41%, 11/15/25 (144A) 139,000 $138,902
Abengoa Finance SAU, 8.875%, 11/1/17 (144A) 900,000 $1,039,125
Accellent, Inc., 10.0%, 11/1/17 300,000 $333,625
Accellent, Inc., 8.375%, 2/1/17 525,000 $552,289
Accellent Inc Tl-B L + 3.5% 21feb21 925,000 $929,815
Accredited Mortgage Loan Trust 2003-3, 5.21%, 1/25/34 (Step) 3,700,000 $563,845
Accudyne Industries Borrower SCA, 12/13/19 732,528 $736,036
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 975,000 $1,084,748
Advanced Micro Devices, Inc., 6.75%, 3/1/19 (144A) 1,095,000 $1,101,502
Advanced Micro Devices, Inc., 7.5%, 8/15/22 445,000 $440,921
Advantage Sales & Marketing, Inc., 12/18/17 693,497 $698,092
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 225,000 $226,125
AEP Industries, Inc., 8.25%, 4/15/19 485,000 $531,641
Aeroflex, Inc., 11/9/19 126,184 $127,235
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 208,000 $180,866
Aeropuertos Dominicanos Siglo XXI SA, 9.25%, 11/13/19 (144A) 550,000 $463,513
AES Corp. Virginia, 4.875%, 5/15/23 995,000 $979,432
Affiliated Managers Group, Inc., 4.25%, 2/15/24 915,000 $924,521
Affinion Group, Inc., 10/9/16 973,889 $964,585
Agrokor dd, 8.875%, 2/1/20 (144A) 75,000 $81,742
AgStar Financial Services ACA, Floating Rate Note, 12/31/49 (Perpetual) (144A) 1,500 $1,498,969
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 500,000 $507,323
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 500,000 $519,753
Aircastle, Ltd., 6.25%, 12/1/19 200,000 $221,125
Air Medical Group Holdings, Inc., 6/30/18 250,000 $252,031
Akamai Technologies, Inc., 0.0%, 2/15/19 (144A) 760,000 $769,505
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 340,000 $352,920
Albany Molecular Research, Inc., 2.25%, 11/15/18 (144A) 1,080,000 $1,297,755
Albea Beauty Holdings SA, 8.375%, 11/1/19 (144A) 255,000 $280,606
Albertsons LLC, 3/21/19 348,749 $352,149
Albertsons LLC, Term B-1 Loan, 3/21/16 550,000 $554,741
Alkermes, Inc., 9/25/19 694,981 $696,719
Allegion US Holding Co, Inc., 5.75%, 10/1/21 (144A) 930,000 $992,523
Alliance One International, Inc., 9.875%, 7/15/21 1,300,000 $1,329,403
Alliant Holdings I, Inc., 12/20/19 500,000 $502,578
Allied Security Holdings LLC, Delayed Draw Term Loan (First Lien), 2/12/21 480,000 $480,300
Allison Transmission, Inc., 8/23/19 561,690 $563,211
Ally Financial, Inc., 7.0%, 12/31/49 (Perpetual) (144A) 1,600 $1,585,350
Altair Re, Floating Rate Note, 4/30/16 (Cat Bond) 224,993 $249,900
Alternative Loan Trust 2004-2CB, 5.75%, 3/25/34 75,000 $136,636
Altice Financing SA, 6.5%, 1/15/22 (144A) 600,000 $634,058
Altisource Solutions Sarl, 12/9/20 644,132 $647,353
Altrl Flt% 30jun16 2,400,000 $2,427,360
American Airlines, Inc., 6/27/19 348,250 $349,774
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) 990,000 $979,099
American Home Mortgage Investment Trust 2005-1, Floating Rate Note, 6/25/45 500,000 $53,786
AmeriGas Finance LLC, 7.0%, 5/20/22 165,000 $183,503
AMG Capital Trust II, 5.15%, 10/15/37 18,000 $1,101,938
Amkor Technology, Inc., 6.375%, 10/1/22 285,000 $302,545
Apex Tool Group LLC, 1/31/20 645,498 $640,173
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 223,178 $224,963
Approach Resources, Inc., 7.0%, 6/15/21 2,020,000 $2,110,451
Appvion, Inc., 6/28/19 995,000 $1,005,157
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 1,500,000 $1,645,313
Arc Automotive Group, Inc., 11/15/18 544,500 $548,584
Arcelik AS, 5.0%, 4/3/23 (144A) 400,000 $359,222
Ardagh Glass Finance Plc, 8.75%, 2/1/20 (144A) 600,000 $898,166
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 200,000 $208,975
Ardagh Packaging Finance Plc, 7.375%, 10/15/17 (144A) 150,000 $226,723
ARD Finance SA, 11.125%, 6/1/18 (144A) (PIK) 131,581 $147,905
Ares Capital Corp., 4.375%, 1/15/19 (144A) 1,170,000 $1,253,322
Ares Capital Corp., 4.875%, 11/30/18 700,000 $740,362
Armacell International GmbH, 7/2/20 500,000 $501,875
Armor Re, Ltd., Floating Rate Note, 5/14/14 (Cat Bond) (144A) 721,000 $723,214
Arysta Lifescience SPC LLC, 5/29/20 845,750 $852,622
Ashtead Capital, Inc., 6.5%, 7/15/22 (144A) 1,345,000 $1,470,496
Aspen Insurance Holdings, Ltd., Floating Rate Note, 12/31/49 (Perpetual) 25,000 $623,750
Astoria Financial Corp., 5.0%, 6/19/17 100,000 $109,439
Athlon Holdings LP, 7.375%, 4/15/21 (144A) 470,000 $511,295
Atlantic Power LP, Term Loan B, 2/20/21 1,200,000 $1,208,250
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 250,000 $256,734
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 600,000 $600,938
Atwood Oceanics, Inc., 6.5%, 2/1/20 900,000 $974,625
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 400,000 $375,167
Auxilium Pharmaceuticals, Inc., 1.5%, 7/15/18 988,000 $1,410,411
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A) 200,000 $224,500
Avis Budget Car Rental LLC, 5.5%, 4/1/23 220,000 $227,242
Avis Budget Finance Plc, 6.0%, 3/1/21 (144A) 150,000 $227,396
Aviv Healthcare Properties LP, 7.75%, 2/15/19 250,000 $270,861
Avon Products, Inc., 5.0%, 3/15/23 650,000 $664,037
AXA SA, 8.6%, 12/15/30 250,000 $327,039
Axiall Corp., 4.875%, 5/15/23 (144A) 500,000 $500,927
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 400,000 $401,059
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 250,000 $251,064
B&G Foods, Inc., 4.625%, 6/1/21 400,000 $403,125
Banco de Bogota SA, 5.375%, 2/19/23 (144A) 500,000 $490,896
Banc of America Merrill Lynch Commercial Mortgage, Inc., Floating Rate Note, 9/10/47 (144A) 160,000 $147,977
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 212,565 $85,799
Bank of America Corp., 6.11%, 1/29/37 625,000 $707,001
Bank of America Corp., 7.25%, 12/31/49 (Perpetual) 1,340 $1,545,074
Bank of America Corp., 7.75%, 5/14/38 200,000 $272,079
Bank of America Corp., Floating Rate Note, 12/31/49 (Perpetual) 300,000 $285,900
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,150,000 $1,214,943
Barry Callebaut Services NV, 5.5%, 6/15/23 (144A) 300,000 $312,154
Basic Energy Services, Inc., 7.75%, 10/15/22 280,000 $307,098
Bayview Commercial Asset Trust, Floating Rate Note, 4/25/34 (144A) 4,900,000 $537,896
Bayview Commercial Asset Trust, Floating Rate Note, 8/25/35 (144A) 1,400,000 $332,781
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/47 (Step) 1,288,834 $118,728
BBVA Banco Continental SA, 5.0%, 8/26/22 (144A) 250,000 $253,299
BBVA Bancomer SA Texas, 6.5%, 3/10/21 (144A) 400,000 $446,350
BC Mountain LLC, 7.0%, 2/1/21 (144A) 400,000 $400,333
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 19,000,000 $123,826
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 500,000 $444,544
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $101,794
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 2,642,507 $2,633,401
Belden, Inc., 5.5%, 4/15/23 (144A) 300,000 $428,058
Belden, Inc., 5.5%, 9/1/22 (144A) 1,860,000 $1,887,900
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 200,000 $208,625
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 300,000 $316,050
BioMarin Pharmaceutical, Inc., 0.75%, 10/15/18 200,000 $233,942
BioMarin Pharmaceutical, Inc., 1.5%, 10/15/20 200,000 $241,133
BioScrip, Inc., 7/31/20 568,227 $572,844
BioScrip, Inc., 7/31/20 340,936 $343,706
BioScrip, Inc., 8.875%, 2/15/21 (144A) 1,050,000 $1,081,427
Blackstone Holdings Finance Co LLC, 4.75%, 2/15/23 (144A) 250,000 $267,216
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 750,000 $882,505
Blue Danube II, Ltd., Floating Rate Note, 5/23/16 (Cat Bond) (144A) 1,000,000 $1,019,397
BlueScope Steel Finance, Ltd., 7.125%, 5/1/18 (144A) 730,000 $791,138
BM&FBovespa SA, 5.5%, 7/16/20 (144A) 900,000 $952,313
Boart Longyear Management Pty, Ltd., 10.0%, 10/1/18 (144A) 220,000 $236,011
Boart Longyear Management Pty, Ltd., 7.0%, 4/1/21 (144A) 1,670,000 $1,267,808
Bombardier Recreational Products, Inc., 1/30/19 400,857 $402,861
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 345,000 $379,673
Booz Allen Hamilton, Inc., 7/31/19 149,244 $150,131
Bosphorus 1 Re, Ltd., Floating Rate Note, 5/3/16 (Cat Bond) (144A) 250,000 $251,169
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/15/28 (144A) 500,000 $480,685
BRF SA, 3.95%, 5/22/23 (144A) 250,000 $219,591
Bright Horizons Family Solutions, Inc., 1/30/20 495,000 $497,991
Brit Insurance Holdings BV, Floating Rate Note, 12/9/30 850,000 $1,419,677
Brocade Communications Systems, Inc., 4.625%, 1/15/23 (144A) 915,000 $870,082
Brookfield Residential Properties, Inc., 6.125%, 7/1/22 (144A) 280,000 $290,558
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 500,000 $538,111
Brown Shoe Co, Inc., 7.125%, 5/15/19 750,000 $810,734
Burger King Corp., 9/28/19 77,025 $77,540
BWAY Holding Co., 8/6/17 744,241 $749,707
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 500,000 $510,002
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 1,500,000 $1,572,654
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 385,000 $409,544
Calpine Construction Finance Co LP, 5/3/20 532,325 $527,002
Calpine Corp., 10/9/19 444,870 $447,512
CAM Mortgage Trust, 5.5%, 12/15/53 (Step) (144A) 750,000 $748,332
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 500,000 $539,875
Capella Healthcare, Inc., 9.25%, 7/1/17 200,000 $217,083
Caraustar Industries, Inc., 5/1/19 205,000 $209,911
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 1,000,000 $992,042
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 750,000 $799,437
CarNow Auto Receivables Trust 2012-1, 6.9%, 11/15/16 (144A) 100,000 $102,066
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 650,000 $737,479
CCO Holdings LLC, 5.75%, 9/1/23 (144A) 475,000 $491,625
CCO Holdings LLC, 6.5%, 4/30/21 100,000 $109,060
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 2,500,000 $2,540,154
Cemex SAB de CV, 5.875%, 3/25/19 (144A) 550,000 $580,502
Cemex SAB de CV, 7.25%, 1/15/21 (144A) 300,000 $324,529
Central American Bottling Corp., 6.75%, 2/9/22 (144A) 195,000 $204,092
CenturyLink, Inc., 6.45%, 6/15/21 500,000 $543,058
CenturyLink, Inc., 7.6%, 9/15/39 150,000 $146,632
CenturyLink, Inc., 7.65%, 3/15/42 800,000 $780,220
Cenveo Corp., 2/13/17 121,889 $123,565
Cepheid, Inc., 1.25%, 2/1/21 (144A) 545,000 $587,635
Cequel Communications LLC, 2/14/19 396,970 $397,589
CEVA Group Plc, 8.375%, 12/1/17 (144A) 200,000 $217,375
Charter Communications Operating LLC, 12/31/20 497,500 $495,764
Chemtura Corp., 5.75%, 7/15/21 930,000 $974,193
Chesapeake Energy Corp., 12/2/17 400,000 $409,250
Chiquita Brands International, Inc., 7.875%, 2/1/21 928,000 $1,028,746
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 200,000 $36,407
Chrysler Group LLC, 8.25%, 6/15/21 100,000 $114,992
Chrysler Group LLC, Tranche B Term Loan, 12/29/18 2,025,000 $2,022,469
CHS, 2021 Term D Loan, 1/27/21 348,103 $351,666
CHS, 6.875%, 2/1/22 (144A) 340,000 $363,883
CHS, 7.125%, 7/15/20 165,000 $181,765
CHS, 8.0%, 11/15/19 1,075,000 $1,219,647
Cia de Transporte de Energia Electrica en Alta Tension Transener SA, 9.75%, 8/15/21 (144A) 100,000 $62,433
Ciena Corp., 0.875%, 6/15/17 1,000,000 $1,035,597
Cincinnati Bell, Inc., 8.375%, 10/15/20 1,105,000 $1,239,411
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 (144A) 750,000 $1,106,878
Citicorp Residential Mortgage Trust Series 2006-1, 5.836%, 7/25/36 (Step) 100,000 $48,788
Citicorp Residential Mortgage Trust Series 2006-1, 5.939%, 7/25/36 (Step) 125,000 $96,400
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 189,000 $173,016
Citicorp Residential Mortgage Trust Series 2006-2, 5.948%, 9/25/36 (Step) 1,900,000 $1,002,076
Citicorp Residential Mortgage Trust Series 2007-1, 5.892%, 3/25/37 (Step) 125,000 $100,113
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 500,000 $496,312
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 350,000 $333,638
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 63,000 $1,678,950
Citigroup Capital XIII, Floating Rate Note, 10/30/40 54,200 $1,490,500
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/15/49 300,000 $313,394
Citigroup Mortgage Loan Trust, Inc., 6.75%, 8/25/34 300,000 $68,378
CityCenter Holdings LLC, 10/16/20 250,000 $252,902
City of Charlotte North Carolina, 5.6%, 7/1/27 1,250,000 $1,258,079
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 275,000 $310,330
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 5,908,000 $612,707
CNL Lifestyle Properties, Inc., 7.25%, 4/15/19 600,000 $646,433
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 650,000 $709,516
CNO Financial Group, Inc., 9/28/18 92,720 $93,010
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 (144A) 1,200,000 $1,222,572
CoBank ACB, Floating Rate Note, 12/31/49 (Perpetual) (144A) 5,000 $503,750
Coleman Cable, Inc., 9.0%, 2/15/18 200,000 $210,300
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 2,000,000 $1,987,954
COMM 2007-FL14 Mortgage Trust, Floating Rate Note, 6/15/22 (144A) 160,000 $35,804
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/15/45 (144A) 100,000 $95,629
COMM 2012-CCRE4 Mortgage Trust, Floating Rate Note, 10/15/45 (144A) 303,000 $281,867
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 1,400,000 $1,404,113
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 400,000 $422,400
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 1,700,000 $1,712,219
CommScope, Inc., 8.25%, 1/15/19 (144A) 191,000 $210,203
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 105,795 $106,192
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 158,693 $159,586
CommScope Holding Co, Inc., 6.625%, 6/1/20 (144A) (PIK) 650,000 $698,141
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 250,000 $263,850
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 250,000 $264,806
Comstock Resources, Inc., 7.75%, 4/1/19 1,200,000 $1,322,750
Concho Resources, Inc., 5.5%, 4/1/23 375,000 $400,469
Confie seguros Holding II Co., 11/9/18 293,892 $294,259
Conseco Financial Corp., 6.18%, 4/1/30 2,201,000 $261,657
Constellation Brands, Inc., 3.75%, 5/1/21 470,000 $462,950
Constellation Brands, Inc., 4.25%, 5/1/23 485,000 $482,171
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 475,000 $424,581
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 250,000 $12,569
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 250,000 $53,899
ConvaTec, Inc., 12/22/16 96,960 $97,566
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 100,000 $113,467
Cooper Tire & Rubber Co., 8.0%, 12/15/19 200,000 $222,378
Copano Energy LLC, 7.125%, 4/1/21 373,000 $436,210
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 700,000 $706,545
Corporate Office Properties LP, 3.6%, 5/15/23 225,000 $211,298
Corsicanto, Ltd., 3.5%, 1/15/32 1,250,000 $850,903
Cosan Luxembourg SA, 5.0%, 3/14/23 (144A) 240,000 $224,807
Countrywide Asset-Backed Certificates, Floating Rate Note, 10/25/35 360,000 $26,729
Countrywide Asset-Backed Certificates, Floating Rate Note, 11/25/36 (144A) 9,809,888 $463,957
County of York South Carolina, 5.7%, 1/1/24 100,000 $100,968
Covanta Holding Corp., 5.875%, 3/1/24 695,000 $708,858
Credit Suisse First Boston Mortgage Securities Corp., 4.877%, 4/15/37 1,500,000 $1,522,278
Credit Suisse First Boston Mortgage Securities Corp., 4.898%, 3/15/36 (144A) 1,000,000 $833,198
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $90,348
Credit Suisse Group AG, Floating Rate Note, 12/31/49 (Perpetual) (144A) 200,000 $223,093
Credit Suisse Group Guernsey I, Ltd., Floating Rate Note, 2/24/41 650,000 $709,983
Credit Suisse Mortgage Capital Certificates, Floating Rate Note, 2/15/29 2,000,000 $2,001,696
Crossmark Holdings, Inc., 12/20/19 198,124 $197,629
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 658,737 $660,137
CST Brands, Inc., 5.0%, 5/1/23 1,325,000 $1,310,646
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 500,000 $616,109
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 (144A) 750,000 $946,992
Cummins, Inc., 5.65%, 3/1/98 350,000 $372,161
Cumulus Media Holdings, Inc., 7.75%, 5/1/19 450,000 $497,625
CWGS Group LLC, Term Loan, 2/20/20 1,450,000 $1,460,875
Dana Holding Corp., 6.0%, 9/15/23 830,000 $887,962
Darling International, Inc., 5.375%, 1/15/22 (144A) 1,060,000 $1,097,163
DaVita HealthCare Partners, Inc., 11/1/19 99,000 $99,482
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/10/44 (144A) 113,538 $124,867
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 1,550,000 $1,478,313
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 1,300,000 $1,306,506
Del Monte 1st Lien Tl-B L + 0% 24feb20 316,303 $317,225
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 590,000 $598,297
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 173,250 $173,993
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 400,000 $432,179
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 900,000 $979,538
DFC Global Corp., 3.25%, 4/15/17 815,000 $663,535
Diamond Foods, Inc., 7.0%, 3/15/19 (144A) 430,000 $444,441
Diamond Foods, Inc., Loan, 8/12/18 475,000 $477,074
DigitalGlobe, Inc., 1/31/20 699,466 $700,992
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 865,000 $860,134
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 400,000 $415,667
DR Horton, Inc., 5.75%, 8/15/23 905,000 $950,300
Drill Rigs Holdings, Inc., 6.5%, 10/1/17 (144A) 845,000 $910,135
Drillships Financing Holding, Inc., 3/31/21 995,000 $1,017,181
DTEK Finance Plc, 7.875%, 4/4/18 (144A) 500,000 $411,078
Duff & Phelps LLC, 4/23/20 626,851 $628,026
DynCorp International, Inc., 7/7/16 97,431 $98,283
Dynegy, Inc., 4/23/20 306,154 $308,040
East Lane Re, Ltd., Floating Rate Note, 3/13/15 (Cat Bond) (144A) 250,000 $261,664
East Lane Re, Ltd., Floating Rate Note, 3/14/14 (Cat Bond) (144A) 250,000 $252,995
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 250,000 $274,663
Electricite de France, Floating Rate Note, 12/31/49 (Perpetual) (144A) 1,500,000 $1,517,500
Elior Finance & Co SCA, 6.5%, 5/1/20 (144A) 900,000 $1,394,692
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 250,000 $258,360
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/4/16 (Cat Bond) (144A) 250,000 $254,499
Emdeon, Inc., 11/2/18 789,534 $792,659
Emdeon, Inc., 11.0%, 12/31/19 200,000 $234,728
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 1,160,000 $1,237,639
Empresas ICA SAB de CV, 8.375%, 7/24/17 (144A) 150,000 $154,854
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 700,000 $709,048
Emulex Corp., 1.75%, 11/15/18 (144A) 765,000 $777,915
Endo Finance Co., 5.75%, 1/15/22 (144A) 375,000 $391,500
Enel Finance International NV, 5.125%, 10/7/19 (144A) 150,000 $167,429
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 1,190,000 $1,372,260
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 (144A) 1,360,000 $1,442,733
Entegris Inc Bridge L + 0% 04feb15 905,000 $905,000
Envision Healthcare Corp., 5/25/18 296,953 $298,367
EP Energy LLC, 5/24/18 176,667 $177,127
Epiq Systems, Inc., 8/27/20 598,500 $602,241
Equinix, Inc., 7.0%, 7/15/21 50,000 $56,072
Essar Steel Algoma, Inc., 9/19/14 123,438 $124,248
EV Energy Partners LP, 8.0%, 4/15/19 1,150,000 $1,219,256
ExGen Renewables I LLC, Term Loan, 2/5/21 1,150,000 $1,173,000
Exopack Holdings SA, 4/14/19 30,000 $30,475
Expert Global Solutions, Inc., 4/3/18 224,967 $224,123
Extended Stay America Trust 2013-ESH MZ, 7.625%, 12/5/19 (144A) 450,000 $153,905
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 300,000 $321,219
Fannie Mae, 0.5%, 12/15/33 (144A) 1,000,000 $1,079,167
Fannie Mae, 4.5%, 8/1/40 3,070,237 $1,665,690
Fannie Mae, 4.5%, 9/1/39 2,945,000 $1,482,812
Fannie Mae, 4.5%, 9/1/40 2,868,485 $1,064,612
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 350,000 $326,006
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 420,000 $423,150
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 2,749,325 $1,146,232
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 175,000 $161,592
Ferrexpo Finance Plc, 7.875%, 4/7/16 (144A) 500,000 $470,750
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 500,000 $545,781
Fidelity National Financial, Inc., 5.5%, 9/1/22 250,000 $272,357
Fieldwood Energy LLC, 9/25/18 250,000 $251,068
Fieldwood Energy LLC, 9/30/20 1,518,000 $1,581,187
Fifth Third Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 37,400 $992,222
First American Financial Corp., 4.3%, 2/1/23 200,000 $195,509
Firstar Realty LLC, 8.875%, 12/31/49 (Perpetual) (144A) 400 $487,250
First Data Corp., 3/23/18 500,000 $502,143
First Data Corp., 8.25%, 1/15/21 (144A) 100,000 $109,554
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 1,000,000 $567,590
Flextronics International, Ltd., 4.625%, 2/15/20 85,000 $86,768
Flextronics International, Ltd., 5.0%, 2/15/23 145,000 $146,953
Fly Funding II Sarl, 8/8/18 753,741 $765,675
Fly Leasing, Ltd., 6.75%, 12/15/20 590,000 $618,025
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 296,629 $299,966
Foresight Energy LLC, 8/21/20 997,500 $1,008,722
Forest City Enterprises, Inc., 3.625%, 8/15/20 (144A) 1,265,000 $1,328,707
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 350,000 $358,379
FREMF Mortgage Trust 2012-K708, Floating Rate Note, 2/25/45 (144A) 200,000 $197,211
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 1,000,000 $857,915
Frontier Communications Corp., 7.625%, 4/15/24 250,000 $272,201
Frontier Communications Corp., 8.75%, 4/15/22 500,000 $589,028
Frontier Communications Corp., 9.0%, 8/15/31 200,000 $209,800
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,000,000 $1,051,283
Gannett Co, Inc., 6.375%, 10/15/23 (144A) 1,620,000 $1,751,558
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 52,806 $53,038
Garda World Security Corp., Term B Loan, 11/1/20 206,425 $207,328
Gardner Denver, Inc., 6.875%, 8/15/21 (144A) 855,000 $876,850
Gardner Denver, Inc., 7/30/20 649,000 $647,562
GCI, Inc., 8.625%, 11/15/19 458,000 $503,981
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 350,000 $352,561
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 5,850,000 $307,624
Generac Power Systems, Inc., 5/31/20 716,400 $718,788
General Cable Corp., 4.5%, 11/15/29 (Step) 1,342,000 $1,532,862
General Electric Capital Corp., Floating Rate Note, 12/31/49 (Perpetual) 200,000 $230,008
General Electric Capital Corp., Floating Rate Note, 12/31/49 (Perpetual) 1,000,000 $994,833
General Motors Financial Co, Inc., 4.25%, 5/15/23 125,000 $127,814
Generic Drug Holdings, Inc., 8/16/20 894,833 $901,544
Genpact International, Inc., 8/30/19 323,254 $324,465
Gentiva Health Services, Inc., 10/10/19 1,250,000 $1,264,063
Gentiva Health Services, Inc., 11.5%, 9/1/18 400,000 $450,000
Gestamp Funding Luxembourg SA, 5.625%, 5/31/20 (144A) 1,215,000 $1,277,838
Gibraltar Industries, Inc., 6.25%, 2/1/21 1,000,000 $1,060,208
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 805,000 $872,318
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 200,000 $194,115
Glenn Pool Oil & Gas Trust, 5/2/16 45,312 $45,822
Global Brass & Copper, Inc., 9.5%, 6/1/19 500,000 $589,375
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 1,671,000 $471,048
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 800,000 $216,718
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 509,814 $145,222
GMAC Capital Trust I, Floating Rate Note, 2/15/40 27,750 $753,413
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 570,000 $547,910
Golar LNG, Ltd., 3.75%, 3/7/17 1,100,000 $1,121,868
Golar LNG Partners LP, Floating Rate Note, 10/12/17 2,000,000 $350,619
Gold Fields Orogen Holding BVI, Ltd., 4.875%, 10/7/20 (144A) 400,000 $356,000
Goodman Funding Pty, Ltd., 6.375%, 4/15/21 (144A) 250,000 $290,121
Government National Mortgage Association, Floating Rate Note, 3/16/53 350,000 $26,562
Grays Harbor County Public Utility District No 1, 5.0%, 7/1/43 1,000,000 $1,048,047
Gray Television, Inc., 10/12/19 275,000 $277,320
Griffon Corp., 5.25%, 3/1/22 (144A) 2,375,000 $2,379,354
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 775,000 $806,484
GS Mortgage Securities Corp II, Floating Rate Note, 11/8/29 (144A) 950,000 $957,595
GS Mortgage Securities Corp II Series 2004-GG2, Floating Rate Note, 8/10/38 200,000 $200,972
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 1,475,000 $1,512,745
GS Mortgage Securities Trust 2012-GC6, Floating Rate Note, 1/10/45 (144A) 110,000 $112,710
Gtech Spa, Floating Rate Note, 3/31/66 (144A) 300,000 $475,153
GTP Acquisition Partners I LLC, 7.628%, 6/15/16 (144A) 155,000 $166,565
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 540,000 $569,359
Guggenheim Partners Investment Management Holdings LLC, 7/22/20 448,875 $454,065
Gulfport Energy Corp., 7.75%, 11/1/20 1,190,000 $1,315,942
Gwinnett County School District, 5.0%, 2/1/36 1,000,000 $1,119,087
Halcon Resources Corp., 8.875%, 5/15/21 570,000 $594,870
Halcon Resources Corp., 9.75%, 7/15/20 1,050,000 $1,118,206
Harland Clarke Holdings Corp., 8/17/19 330,000 $331,169
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 105,000 $101,061
Hearthside Food Solutions LLC, 6/7/18 246,257 $247,488
Heckler & Koch GmbH, 9.5%, 5/15/18 (144A) 100,000 $148,590
Hercules Offshore, Inc., 8.75%, 7/15/21 (144A) 905,000 $1,019,193
Hexion US Finance Corp., 8.875%, 2/1/18 1,700,000 $1,784,823
HHI Holdings LLC, 10/5/18 397,239 $401,046
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 1,900,000 $1,910,265
HJ Heinz Co., 6/5/20 398,000 $401,580
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 400,000 $405,713
Hologic, Inc., 2.0%, 3/1/42 (Step) 1,350,000 $1,398,938
Hologic, Inc., 8/1/19 339,937 $340,702
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 250,000 $205,174
Hospitality Properties Trust, 5.0%, 8/15/22 900,000 $940,299
Hostess Brands, Inc., 4/9/20 680,000 $708,050
Houghton Mifflin Harcourt Publishing Co., 5/22/18 147,375 $148,665
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 250,000 $284,097
Hunter Defense Technologies, Inc., 8/22/14 155,209 $141,240
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 380,000 $345,088
IAP Worldwide Services, Inc., 12/31/15 110,049 $34,941
IASIS Healthcare LLC, 5/3/18 194,535 $195,689
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (Cat Bond) (144A) 750,000 $764,317
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 200,000 $208,483
Immucor, Inc., 11.125%, 8/15/19 100,000 $113,244
Immucor, Inc., 8/19/18 445,996 $449,062
IMS Health, Inc., 6.0%, 11/1/20 (144A) 170,000 $185,300
INEOS Group Holdings SA, 5.875%, 2/15/19 600,000 $619,273
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 222,023 $222,162
ING US, Inc., Floating Rate Note, 5/15/53 615,000 $612,931
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 100,000 $111,420
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 1,000,000 $861,271
Intel Corp., 2.95%, 12/15/35 300,000 $344,056
Intel Corp., 3.25%, 8/1/39 (144A) 30,000 $40,600
Intelsat Jackson Holdings SA, 6/30/19 289,851 $292,085
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 (144A) 850,000 $908,638
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 250,000 $276,927
Intelsat Jackson Holdings SA, 7.5%, 4/1/21 150,000 $170,063
Intelsat Luxembourg SA, 7.75%, 6/1/21 (144A) 350,000 $383,469
Interactive Data Corp., 2/11/18 117,991 $118,433
InterGen NV, 7.0%, 6/30/23 (144A) 1,050,000 $1,122,829
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 400,000 $429,125
International Equipment Solutions LLC, 8/16/19 695,000 $698,041
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 525,000 $590,501
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 825,000 $854,792
inVentiv Health, Inc., 5/15/18 133,714 $133,129
inVentiv Health, Inc., 8/4/16 133,642 $134,060
Iron Mountain, Inc., 5.75%, 8/15/24 415,000 $405,686
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 700,000 $831,862
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 900,000 $965,644
ISS AS, 4/30/18 398,000 $399,294
iStar Financial, Inc., 4.875%, 7/1/18 170,000 $173,081
j2 Global, Inc., 8.0%, 8/1/20 705,000 $771,388
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,000,000 $1,125,625
James River Coal Co., 7.875%, 4/1/19 250,000 $50,078
JAZZ PHARMACEUTICALS INC, Tranche 2 Term Loan, 6/12/18 340,608 $342,098
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 500,000 $553,750
Jefferies Group LLC, 5.125%, 1/20/23 950,000 $1,019,312
JinkoSolar Holding Co, Ltd., 4.0%, 5/15/16 (144A) 50,000 $58,808
JLL, 7.5%, 2/1/22 (144A) 705,000 $722,919
JLL, Term Loan, 1/23/21 450,000 $449,156
JMC Steel Group, Inc., 4/1/17 396,076 $397,479
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 620,000 $668,386
JobsOhio Beverage System, 3.985%, 1/1/29 500,000 $484,971
JobsOhio Beverage System, 4.532%, 1/1/35 75,000 $73,324
Johnston Re, Ltd., Floating Rate Note, 5/8/14 (Cat Bond) (144A) 1,875,000 $1,918,344
Johnston Re, Ltd., Floating Rate Note, 5/8/14 (Cat Bond) (144A) 250,000 $256,503
JPMorgan Chase & Co., 1.0%, 9/20/17 250,000 $31,599
JPMorgan Chase & Co., 4.35%, 8/15/21 200,000 $216,061
JPMorgan Chase & Co., 5.0%, 12/20/18 -75,000,000 $-7,253,057
JPMorgan Chase & Co., Floating Rate Note, 12/31/49 (Perpetual) 1,525,000 $1,467,304
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 1,835,000 $1,940,168
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 950,000 $962,151
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7, Floating Rate Note, 4/15/45 1,400,000 $1,443,037
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 725,000 $719,261
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/15/28 (144A) 1,900,000 $1,899,380
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 10/25/35 2,900,000 $197,631
Kane-Pi4 Zero% 18jul16 1,505,000 $1,522,759
KB Home, 1.375%, 2/1/19 700,000 $757,677
KB Home, 7.0%, 12/15/21 1,400,000 $1,534,711
KB Home, 8.0%, 3/15/20 200,000 $232,878
Key Energy Services, Inc., 6.75%, 3/1/21 585,000 $632,531
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 325,000 $349,005
Kindred Healthcare, Inc., 6/1/18 493,753 $497,456
Kindred Healthcare, Inc., 8.25%, 6/1/19 400,000 $439,250
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 395,143 $397,020
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 1,150,000 $1,184,251
Kleopatra Acquisition Corp., 12/21/16 183,032 $185,167
Kronos, Inc., 10/30/19 246,821 $248,672
Lamar Media Corp., 5.375%, 1/15/24 600,000 $624,069
Lam Research Corp., 1.25%, 5/15/18 1,025,000 $1,226,726
Landry's, Inc., 4/24/18 529,130 $533,320
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 600,000 $575,225
Laureate Education, Inc., 6/16/18 547,720 $539,505
LBC Tank Terminals Holding Netherlands BV, 6.875%, 5/15/23 (144A) 220,000 $237,103
LB-UBS Commercial Mortgage Trust 2005-C2, Floating Rate Note, 4/15/40 1,000,000 $1,015,714
LB-UBS Commercial Mortgage Trust 2006-C1, Floating Rate Note, 2/15/41 1,963,990 $1,994,485
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 145,527 $142,390
Legg Mason, Inc., 5.625%, 1/15/44 500,000 $515,366
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-3, Floating Rate Note, 12/25/36 (144A) 1,895,356 $441,343
Lennar Corp., 4.5%, 6/15/19 1,175,000 $1,202,759
Lennar Corp., 4.75%, 11/15/22 450,000 $436,044
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 100,000 $101,583
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 1,265,000 $1,302,555
Linn Energy LLC, 7.0%, 11/1/19 (144A) 900,000 $959,250
Live Nation Entertainment, Inc., 8/17/20 426,930 $428,261
Livingston International, Inc., 4/18/19 721,375 $725,884
LKQ Corp., 4.75%, 5/15/23 (144A) 250,000 $241,622
Loma Reinsurance, Ltd. Bermuda, Floating Rate Note, 1/8/18 (Cat Bond) (144A) 500,000 $510,500
Longpoint Re, Ltd., Floating Rate Note, 6/12/15 (Cat Bond) (144A) 500,000 $526,817
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 500,000 $510,056
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 2,500 $288,150
Lorillard Tobacco Co., 3.75%, 5/20/23 175,000 $167,152
M&T Bank Corp., Floating Rate Note, 12/31/49 (Perpetual) 1,430,000 $1,481,599
MacDermid, Inc., 6/7/20 845,750 $852,093
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 500,000 $581,321
Magnesita Finance, Ltd., 8.625%, 12/31/49 (Perpetual) (144A) 450,000 $429,038
Maine Health & Higher Educational Facilities Authority, 5.0%, 7/1/43 1,000,000 $1,051,493
Maine Turnpike Authority, 5.0%, 7/1/42 1,000,000 $1,077,153
Marfrig Holding Europe BV, 11.25%, 9/20/21 (144A) 700,000 $738,719
Marfrig Holding Europe BV, 8.375%, 5/9/18 (144A) 200,000 $197,211
Marfrig Holding Europe BV, 9.875%, 7/24/17 (144A) 200,000 $206,030
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 100,000 $101,338
Masco Corp., 7.125%, 3/15/20 135,000 $160,698
Massachusetts Development Finance Agency, 5.25%, 4/1/37 100,000 $108,566
Massachusetts Water Resources Authority, 5.0%, 8/1/37 1,000,000 $1,093,727
MasTec, Inc., 4.875%, 3/15/23 150,000 $148,872
MASTR Adjustable Rate Mortgages Trust 2003-6, Floating Rate Note, 12/25/33 30,000,000 $601,889
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 1,100,000 $183,499
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 500,000 $109,131
Mastr Specialized Loan Trust, Floating Rate Note, 11/25/34 (144A) 775,000 $757,668
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 1,900,000 $1,927,708
MDC Holdings, Inc., 5.5%, 1/15/24 1,150,000 $1,181,810
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 445,000 $487,553
MedAssets, Inc., 12/13/19 354,825 $356,378
MedAssets, Inc., 8.0%, 11/15/18 175,000 $192,466
Memorial Production Partners LP, 7.625%, 5/1/21 370,000 $399,754
Memorial Production Partners LP, 7.625%, 5/1/21 (144A) 400,000 $432,167
Mentor Graphics Corp., 4.0%, 4/1/31 175,000 $220,354
Meritor, Inc., 6.75%, 6/15/21 400,000 $430,700
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 1,200,000 $165,562
Metaldyne LLC, 12/18/18 596,618 $601,093
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 400,000 $395,375
Metinvest BV, 8.75%, 2/14/18 (144A) 1,100,000 $967,045
MetLife, Inc., 6.4%, 12/15/66 300,000 $316,953
MetroPCS Wireless, Inc., 7.875%, 9/1/18 100,000 $110,438
MGM Resorts International, 12/20/19 267,300 $267,384
MGM Resorts International, 4.25%, 4/15/15 550,000 $856,518
MGM Resorts International, 6.75%, 10/1/20 250,000 $283,281
MHP SA, 8.25%, 4/2/20 (144A) 500,000 $427,173
Michaels Stores, Inc., 1/28/20 248,125 $249,307
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 750,000 $786,320
Microsemi Corp., 2/19/20 350,578 $351,948
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 25,000 $20,928
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 650,000 $742,490
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 500,000 $540,313
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 100,000 $61,669
Milacron LLC, 3/28/20 387,299 $388,388
Mill US Acquisition LLC, 7/3/20 871,125 $878,476
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 400,000 $399,169
Mirabela Nickel, Ltd., 3.5%, 3/28/14 (144A) (PIK) 45,000 $44,794
Mirabela Nickel, Ltd., 8.75%, 4/15/18 (144A) 400,000 $105,222
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 925,690 $931,283
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 1,400,000 $1,389,923
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 500,000 $511,046
MMM Holdings, Inc., 12/12/17 35,884 $36,266
Molina Healthcare, Inc., 1.125%, 1/15/20 (144A) 1,100,000 $1,229,456
Molycorp, Inc., 10.0%, 6/1/20 50,000 $51,250
Monitronics International, Inc., 3/23/18 561,354 $564,277
Monitronics International, Inc., 9.125%, 4/1/20 785,000 $871,759
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22 500,000 $512,020
Morgan Stanley, 4.1%, 5/22/23 750,000 $754,998
Morgan Stanley, 4.875%, 11/1/22 250,000 $267,860
Morgan Stanley, Floating Rate Note, 12/31/49 (Perpetual) 18,000 $481,320
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 105,000 $33,613
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 1,500,000 $1,539,143
Motel 6 Trust, 4.2743%, 10/5/25 (144A) 1,327,000 $1,310,146
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 100,000 $107,189
MSO of Puerto Rico, Inc., 12/12/17 26,098 $26,293
Mueller Water Products, Inc., 7.375%, 6/1/17 400,000 $418,375
Multi Packaging Solutions 1st Lien Tl-B L + 3.25% 30sep20 250,000 $252,344
MULTI PACKAGING SOLUTIONS INC, Term Loan B, 9/30/20 200,000 $202,750
Murphy Oil USA, Inc., 6.0%, 8/15/23 (144A) 1,000,000 $1,020,167
Murray Energy Corp., 8.625%, 6/15/21 (144A) 650,000 $700,835
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 250,000 $265,463
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 500,000 $541,883
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 250,000 $270,635
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 250,000 $266,802
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A) 1,000,000 $1,081,248
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 500,000 $541,380
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 250,000 $262,958
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,025,000 $1,105,776
Nara Cable Funding II, Ltd., 8.5%, 3/1/20 (144A) 100,000 $169,533
National Financial Partners Corp., 7/1/20 726,042 $734,664
National JSC Naftogaz of Ukraine, 9.5%, 9/30/14 400,000 $372,939
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 1,360,000 $1,329,102
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,220,000 $1,163,575
Nationstar Mortgage LLC, 6.5%, 7/1/21 825,000 $790,625
Nationstar Mortgage LLC, 6.5%, 8/1/18 355,000 $359,585
Navios Maritime Partners LP, 6/27/18 399,000 $406,648
Navios South American Logistics, Inc., 9.25%, 4/15/19 560,000 $620,169
Navistar, Inc., 8/17/17 120,000 $121,925
Navistar International Corp., 8.25%, 11/1/21 1,075,000 $1,152,938
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 750,000 $751,258
NBTY, Inc., 10/1/17 750,000 $753,633
NCI Building Systems, Inc., 6/24/19 497,483 $499,286
NCR Corp., 5.0%, 7/15/22 185,000 $188,494
NCR Corp., 6.375%, 12/15/23 (144A) 660,000 $714,615
Neenah Paper, Inc., 5.25%, 5/15/21 (144A) 365,000 $367,905
Neiman Marcus Group, Ltd. LLC, 10/18/20 364,088 $368,740
Neiman Marcus Group, Ltd. LLC, 8.0%, 10/15/21 (144A) 625,000 $688,368
Neiman Marcus Group, Ltd. LLC, 8.75%, 10/15/21 (144A) (PIK) 500,000 $553,299
NEP, 1/22/20 250,000 $251,250
NEP, Refinanced New Term Loan (First Lien), 1/22/20 198,000 $199,073
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 100,000 $107,844
New Hampshire Health and Education Facilities Authority Act, 6.5%, 1/1/41 150,000 $165,787
New World Resources NV, 7.875%, 1/15/21 (144A) 300,000 $68,381
New York Mortgage Securitization Trust 2012-1, Floating Rate Note, 12/27/47 (144A) 300,000 $301,831
New York State Dormitory Authority, 5.0%, 10/1/41 1,000,000 $1,106,433
Nexeo Solutions Llc 1st Lien Tl-B L + 3.5% 09sep17 750,000 $750,938
Norcraft Companies LP, Initial Loan, 11/12/20 200,000 $201,500
Nordea Bank AB, 4.25%, 9/21/22 (144A) 250,000 $257,022
Northern Oil and Gas, Inc., 8.0%, 6/1/20 880,000 $954,800
Northshore Re, Ltd., Floating Rate Note, 7/5/16 (Cat Bond) (144A) 500,000 $526,141
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/25/29 (144A) 300,000 $304,053
NorthStar 2013-1, Floating Rate Note, 8/25/29 (144A) 1,500,000 $1,497,033
NovaStar Mortgage Funding Trust Series 2003-1, Floating Rate Note, 5/25/33 10,571,000 $315,644
Novellus Systems, Inc., 2.625%, 5/15/41 100,000 $163,148
NPC International, Inc., 12/28/18 567,208 $571,817
NRG Energy, Inc., 6.25%, 7/15/22 (144A) 250,000 $261,476
NRG Energy, Inc., 7.625%, 1/15/18 900,000 $1,025,769
NRG Energy, Inc., 7.625%, 5/15/19 79,000 $84,526
NRG Energy, Inc., 8.25%, 9/1/20 200,000 $230,250
NSG Holdings LLC, 12/11/19 223,909 $225,028
Nuance Communications, Inc., 2.75%, 11/1/31 700,000 $700,292
NuVasive, Inc., 2.75%, 7/1/17 1,300,000 $1,511,521
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 800,000 $800,200
Oasis Petroleum, Inc., 6.875%, 3/15/22 (144A) 500,000 $557,491
Ocean Rig UDW, Inc., 9.5%, 4/27/16 400,000 $434,589
Ocwen Loan Servicing LLC, 2/15/18 770,431 $777,890
Offshore Group Investment, Ltd., 3/28/19 397,000 $402,955
Offshore Group Investment, Ltd., 7.5%, 11/1/19 600,000 $661,500
On Assignment, Inc., 5/15/20 367,182 $367,332
OneBeacon US Holdings, Inc., 4.6%, 11/9/22 1,000,000 $1,014,955
ONEOK, Inc., 6.875%, 9/30/28 1,450,000 $1,664,674
ON Semiconductor Corp., 2.625%, 12/15/26 1,000,000 $1,223,667
Outerwall, Inc., 6.0%, 3/15/19 435,000 $464,435
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 700,000 $747,610
Ozburn-Hessey Holding Co LLC, 5/23/19 174,125 $175,975
Pacific Drilling SA, 5.375%, 6/1/20 (144A) 450,000 $461,672
Pacific Drilling SA, 6/3/18 547,250 $551,765
Pacira Pharmaceuticals, Inc. Delaware, 3.25%, 2/1/19 95,000 $303,010
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 340,000 $351,404
Pangaea Re, 0.0%, 10/1/15 (Cat Bond) 500,000 $546,430
Par Pharmaceutical Companies, Inc., 7.375%, 10/15/20 610,000 $677,320
Par Pharmaceutical Companies, Inc., 9/30/19 395,010 $397,281
Par Pharmaceutical Companies, Inc., Term B-2 Loan, 9/28/19 500,000 $501,407
Party City Holdings Inc 1st Lien Tl-B L + 3% 27jul19 937,000 $937,000
PATHEON INC, Bridge Loan, 12/11/14 2,675,000 $2,675,000
PDL BioPharma, Inc., 3.75%, 5/1/15 16,000 $22,330
PDL BioPharma, Inc., 4.0%, 2/1/18 975,000 $1,004,480
Pelican Products, Inc., Repriced Term Loan (First Lien), 6/9/18 443,250 $447,268
Penn Virginia Corp., 7.25%, 4/15/19 600,000 $641,933
Penn Virginia Corp., 8.5%, 5/1/20 430,000 $485,183
Petco Holdings, Inc., 8.5%, 10/15/17 (144A) (PIK) 1,000,000 $1,053,361
Petroleos Mexicanos, 3.5%, 7/18/18 900,000 $937,513
Petroleos Mexicanos, 6.375%, 1/23/45 (144A) 950,000 $1,014,964
PetroQuest Energy, Inc., 10.0%, 9/1/17 500,000 $558,750
Phosagro OAO via Phosagro Bond Funding, Ltd., 4.204%, 2/13/18 (144A) 200,000 $199,170
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 142,000 $160,832
Pinnacle Foods Finance LLC, 4/29/20 198,500 $198,345
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 535,000 $596,109
Post Holdings, Inc., 2.5%, 12/31/49 (Perpetual) (144A) 11,800 $1,337,088
Post Holdings, Inc., 7.375%, 2/15/22 200,000 $218,406
PPL Capital Funding, Inc., 5.9%, 4/30/73 25,000 $563,000
PQ Corp., 8/7/17 693,000 $697,331
Preferred Proppants LLC, 12/15/16 152,675 $118,832
Prestige Brands, Inc., 1/31/19 323,760 $325,851
Prince Mineral Holding Corp., 11.5%, 12/15/19 (144A) 265,000 $304,559
Private Colleges & Universities Authority, 5.0%, 10/1/43 1,000,000 $1,111,172
Production Resource Group, Inc., 8.875%, 5/1/19 100,000 $79,208
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 1,250,000 $1,256,319
Progressive Waste Solutions, Ltd., 10/24/19 447,739 $448,298
Pro Mach, Inc., 7/6/17 892,989 $898,012
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 1,425,000 $1,416,806
Provincia de Buenos Aires Argentina, 10.875%, 1/26/21 (144A) 100,000 $84,057
Prudential Financial, Inc., Floating Rate Note, 9/15/42 400,000 $426,836
Psav Presentation Services 1st Lien Tl-B L + 3.5% 24jan21 115,000 $115,863
PVR Partners LP, 6.5%, 5/15/21 425,000 $460,759
QBE Insurance Group, Ltd., 2.4%, 5/1/18 (144A) 200,000 $196,978
QR Energy LP, 9.25%, 8/1/20 640,000 $692,933
Qtel International Finance, Ltd., 3.875%, 1/31/28 (144A) 200,000 $183,669
Quebecor Media, Inc., 5.75%, 1/15/23 1,325,000 $1,357,647
Quebecor Media, Inc., 8/17/20 237,287 $235,359
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 750,000 $782,019
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 1,000,000 $1,067,561
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 1,000,000 $1,053,964
Qwest Corp., 7.375%, 6/1/51 4,400 $111,760
Radio Systems Corp., 8.375%, 11/1/19 (144A) 600,000 $684,250
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 1,050,000 $1,092,569
RAMP Series 2004-RZ1 Trust, 4.82%, 3/25/34 (Step) 3,164,644 $1,062,717
RAMP Series 2006-RZ3 Trust, Floating Rate Note, 8/25/36 350,000 $106,867
Range Resources Corp., 5.0%, 3/15/23 400,000 $416,222
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 400,000 $275,656
RCMC LLC, 5.62346%, 11/15/44 (144A) 250,000 $221,751
Regal Entertainment Group, 5.75%, 2/1/25 470,000 $461,090
Regal Entertainment Group, 5.75%, 3/15/22 675,000 $690,188
RegionalCare Hospital Partners, Inc., 11/4/18 347,505 $341,423
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 490,000 $500,818
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 150,000 $121,259
Renfro Corp., 1/30/19 397,870 $396,876
Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A) 190,000 $190,866
Republic of Ghana, 7.875%, 8/7/23 (144A) 1,100,000 $1,023,275
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $648,276
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 1,250,000 $1,347,938
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 250,000 $267,928
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 250,000 $281,076
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 250,000 $264,569
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $837,380
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 250,000 $280,047
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $568,006
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 250,000 $250,825
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 250,000 $265,960
RESI Finance LP, Floating Rate Note, 9/10/35 (144A) 1,983,893 $382,424
Resolute Forest Products, Inc., 5.875%, 5/15/23 (144A) 1,610,000 $1,605,651
Rexel SA, 5.25%, 6/15/20 (144A) 600,000 $617,150
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 425,000 $465,871
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 330,000 $373,523
RKI Exploration & Production LLC, 8.5%, 8/1/21 (144A) 1,345,000 $1,455,402
Rosetta Resources, Inc., 5.625%, 5/1/21 515,000 $540,106
Roundy's Supermarkets, Inc., 2/13/19 191,379 $191,539
Rovi Solutions Corp., 3/29/19 340,555 $339,916
RTI International Metals, Inc., 1.625%, 10/15/19 385,000 $380,385
Ruby Western Pipeline Holdings LLC, 3/27/20 275,243 $275,622
Rural, 6/30/18 85,610 $81,383
Russian Agricultural Bank OJSC Via RSHB Capital SA, 8.5%, 10/16/23 (144A) 1,350,000 $1,404,844
Sabine Pass Liquefaction LLC, 5.875%, 2/1/21 (144A) 1,645,000 $1,694,179
Sabre GLBL, Inc., 2/19/19 200,000 $200,656
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 1,365,000 $1,478,447
Salix Pharmaceuticals, Ltd., 1.5%, 3/15/19 500,000 $887,521
Salix Pharmaceuticals, Ltd., 6.0%, 1/15/21 (144A) 1,855,000 $2,004,637
Salix Pharmaceuticals, Ltd., Term Loan, 12/17/19 175,000 $177,005
Samson Investment Co., 10.5%, 2/15/20 (144A) 390,000 $435,251
Samson Investment Co., 9/25/18 1,000,000 $1,010,250
Sanchez Energy Corp., 7.75%, 6/15/21 (144A) 380,000 $403,317
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,250,000 $1,256,681
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,000,000 $1,005,839
SanDisk Corp., 0.5%, 10/15/20 (144A) 460,000 $484,642
SandRidge Energy, Inc., 7.0%, 12/31/49 (Perpetual) 7,500 $769,219
SandRidge Energy, Inc., 7.5%, 2/15/23 700,000 $740,833
Sappi Papier Holding GmbH, 6.625%, 4/15/21 (144A) 400,000 $418,011
Schaeffler AG, 1/27/17 475,000 $478,646
Schaeffler Finance BV, 4.75%, 5/15/21 (144A) 1,000,000 $1,026,486
Schaeffler Holding Finance BV, 6.875%, 8/15/18 (144A) (PIK) 520,000 $555,389
Scientific Games International, Inc., 9.25%, 6/15/19 100,000 $108,203
Scottrade Financial Services, Inc., 6.125%, 7/11/21 (144A) 900,000 $914,691
Seadrill Operating LP, Initial Term Loan, 2/14/21 850,000 $854,857
Seagate HDD Cayman, 4.75%, 6/1/23 (144A) 885,000 $873,384
Seagate HDD Cayman, 7.0%, 11/1/21 200,000 $226,333
Sealy Corp., 8.0%, 7/15/16 (PIK) 13,100 $1,038,175
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 250,000 $254,725
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 250,000 $311,875
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 250,000 $246,835
Securus Technologies Holdings, Inc., 4/30/20 499,250 $498,751
Sedgwick Claims Management Services, Inc., Term Loan B (First Lien), 6/12/18 497,500 $500,190
Sedgwick Inc 1st Lien Tl-B L + 2.75% 11feb21 510,000 $507,928
Select Medical Corp., 6/1/18 45,365 $45,686
Seminole Hard Rock Entertainment, Inc., 5/14/20 298,500 $299,060
Sensus USA, Inc., 5/9/17 245,583 $247,079
Sequa Corp., 6/19/17 742,500 $732,755
Serena Software, Inc., 3/10/16 450,000 $446,344
ServiceNow, Inc., 0.0%, 11/1/18 (144A) 980,000 $1,130,063
Seven Seas Cruises S de RL LLC, 9.125%, 5/15/19 200,000 $226,374
Seven Seas Cruises S de RL LLC, Term B2 Loan, 12/21/18 466,528 $471,193
Shelf Drilling Holdings, Ltd., 4/15/18 495,995 $497,235
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 1,215,000 $1,344,094
Ship Midco, Ltd., 11/29/19 98,939 $100,028
Shutterfly, Inc., 0.25%, 5/15/18 (144A) 1,915,000 $2,111,500
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 750,000 $296,513
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 400,000 $410,280
Sirius International Group, Ltd., Floating Rate Note, 12/31/49 (Perpetual) (144A) 110,000 $116,976
Sirius XM Holdings, Inc., 4.625%, 5/15/23 (144A) 370,000 $352,839
Sirius XM Holdings, Inc., 5.25%, 8/15/22 (144A) 200,000 $207,467
SIWF Merger Sub, Inc., 6.25%, 6/1/21 (144A) 400,000 $416,250
Six Flags Theme Parks, Inc., 12/20/18 248,744 $250,764
SM Energy Co., 5.0%, 1/15/24 (144A) 455,000 $446,532
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 450,000 $449,326
Sotheby's, 5.25%, 10/1/22 (144A) 260,000 $256,588
Sourcehov LLC, 4/30/18 497,500 $502,372
Southern California Edison Co., Floating Rate Note, 12/31/49 (Perpetual) 75,000 $79,891
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 800,000 $795,556
Spirit Master Funding LLC, 5.74%, 3/20/25 (144A) 500,000 $466,634
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 500,000 $505,486
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 250,000 $249,994
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/25/59 (144A) 200,000 $202,954
Sprint Corp., 7.125%, 6/15/24 (144A) 1,725,000 $1,838,221
Sri Lanka Government International Bond, 6.0%, 1/14/19 (144A) 750,000 $793,375
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 1,050,000 $1,150,122
Standard Pacific Corp., 6.25%, 12/15/21 1,000,000 $1,080,694
Stanley Black & Decker, Inc., Floating Rate Note, 12/15/53 600,000 $653,433
Star West Generation LLC, 3/13/20 248,125 $249,366
State of Washington, 5.0%, 6/1/41 1,000,000 $1,084,010
State Street Corp., Floating Rate Note, 12/31/73 29,300 $744,220
Steel Dynamics, Inc., 5.25%, 4/15/23 1,000,000 $1,047,333
Steward Health Care System LLC, 4/10/20 497,500 $497,189
Stone Energy Corp., 7.5%, 11/15/22 150,000 $164,938
StoneMor Partners LP, 7.875%, 6/1/21 (144A) 375,000 $401,133
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 200,000 $200,320
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 7/25/34 406,549 $74,329
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 3,319,800 $120,067
Structured Asset Securities Corp Trust 2005-15, 6.0%, 8/25/35 50,000 $16,992
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 500,000 $525,038
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 250,000 $268,959
Summit Midstream Holdings LLC, 7.5%, 7/1/21 (144A) 1,030,000 $1,104,675
SunCoke Energy, Inc., 7/26/18 137,989 $138,334
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 300,000 $319,844
SunPower Corp., 0.75%, 6/1/18 (144A) 1,115,000 $1,583,300
Surgical Care Affiliates, Inc., 6/29/18 547,250 $550,328
Swift Energy Co., 7.875%, 3/1/22 1,950,000 $2,075,531
Swift Transportation Co LLC, 12/21/17 255,490 $258,108
Syniverse Holdings, Inc., 4/23/19 484,761 $487,185
Syniverse Holdings, Inc., 4/23/19 239,957 $241,306
TAL Advantage LLC, 4.1%, 2/22/39 600,000 $604,916
Talos Production LLC, 9.75%, 2/15/18 (144A) 420,000 $442,820
Taminco Global Chemical Corp., Initial Tranche B-3 Dollar Term Loan, 2/15/19 344,640 $345,645
Tank Holding Corp., 7/9/19 750,791 $751,354
Targa Resources Partners LP, 4.25%, 11/15/23 (144A) 740,000 $704,860
Targus Group International, Inc., 5/24/16 93,223 $83,900
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 500,000 $540,832
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 100,000 $95,828
Tata Chemicals North America, Inc., 8/7/20 248,750 $250,149
Telenet Finance III Luxembourg SCA, 6.625%, 2/15/21 (144A) 200,000 $301,383
Telesat Canada, 3/28/19 610,735 $613,251
Tempur Sealy International, Inc., 3/18/20 127,113 $127,328
Tenet Healthcare Corp., 4.375%, 10/1/21 980,000 $974,896
Terex Corp., New U.S. Term Loan (2013), 4/28/17 111,616 $112,523
The Bank of New York Mellon Corp., Floating Rate Note, 12/31/49 (Perpetual) 1,250,000 $1,168,906
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 300,000 $338,298
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 225,000 $266,040
The Goodyear Tire & Rubber Co., 7.0%, 5/15/22 210,000 $238,478
The Hanover Insurance Group, Inc., 6.35%, 3/30/53 40,000 $922,400
The Hillman Companies, Inc., 5/28/17 221,565 $223,134
The PNC Financial Services Group, Inc., Floating Rate Note, 12/31/49 (Perpetual) 325,000 $299,691
The PNC Financial Services Group, Inc., Floating Rate Note, 12/31/49 (Perpetual) 1,150,000 $1,237,975
The PNC Financial Services Group, Inc., Floating Rate Note, 2/21/49 (Perpetual) 1,200,000 $1,202,388
The Quikrete Companies, Inc., 9/26/20 279,300 $281,119
Theravance, Inc., 2.125%, 1/15/23 500,000 $745,108
The Ryland Group, Inc., 0.25%, 6/1/19 2,000,000 $1,953,750
The Ryland Group, Inc., 5.375%, 10/1/22 95,000 $95,465
The SI Organization, Inc., 11/22/16 243,761 $240,105
The Williams Companies, Inc., 7.75%, 6/15/31 100,000 $111,876
TIBCO Software, Inc., 2.25%, 5/1/32 1,245,000 $1,266,009
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 100,000 $68,377
TI Group Automotive Systems LLC, 3/28/19 128,057 $128,978
TimberStar Trust 1, 7.5296%, 10/15/36 (144A) 30,000 $30,867
T-Mobile USA, Inc., 6.542%, 4/28/20 490,000 $533,363
T-Mobile USA, Inc., 6.633%, 4/28/21 555,000 $604,162
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,035,000 $1,184,011
Tomkins LLC, 9/29/16 472,541 $475,258
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A) 750,000 $655,880
TOPRE_13-LTR, 3.47%, 11/20/28 (144A) 1,750,000 $1,370,660
TOPRE_13-LTR, Floating Rate Note, 11/20/28 (144A) 1,750,000 $1,576,440
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 932,962 $934,128
Towergate Finance Plc, 8.5%, 2/15/18 (144A) 100,000 $179,109
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 250,000 $252,532
TransDigm, Inc., 2/28/20 298,492 $300,192
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 325,000 $297,046
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 300,000 $268,285
Trilogy Energy Corp., 7.25%, 12/13/19 (144A) 820,000 $785,979
Tronox Finance LLC, 6.375%, 8/15/20 1,270,000 $1,308,523
Trust F, 5.25%, 12/15/24 (144A) 400,000 $399,808
TurboCombustor Technology, Inc., 10/18/20 550,000 $550,690
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 400,000 $366,689
TWCC Holding Corp., 2/13/17 488,813 $475,859
tw telecom holdings inc, 5.375%, 10/1/22 100,000 $104,240
UBS AG, 7.625%, 8/17/22 1,800,000 $2,141,320
Ukraine Government International Bond, 7.5%, 4/17/23 (144A) 200,000 $181,583
Ukraine Government International Bond, 7.8%, 11/28/22 (144A) 200,000 $180,030
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 680,000 $720,880
Unifrax I LLC, 11/28/18 321,124 $323,181
Unifrax I LLC, 7.5%, 2/15/19 (144A) 630,000 $673,050
Unison Ground Lease Funding LLC, 5.78%, 3/15/20 (144A) 300,000 $290,130
Unit Corp., 6.625%, 5/15/21 550,000 $596,479
United Airlines, Inc., 4/1/19 248,125 $250,064
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 150,000 $150,134
United Continental Holdings, Inc., 6.0%, 7/15/26 475,000 $451,329
United States Steel Corp., 2.75%, 4/1/19 250,000 $303,177
Univar, Inc., 6/30/17 268,588 $267,301
Univision Communications, Inc., 5.125%, 5/15/23 (144A) 750,000 $780,068
Univision Communications, Inc., 6.875%, 5/15/19 (144A) 150,000 $164,286
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 520,927 $522,935
Urbi Desarrollos Urbanos SAB de CV, 0.0%, 1/21/20 (144A) 200,000 $43,611
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 618,750 $620,426
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 531,250 $533,109
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 400,000 $407,652
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 200,000 $206,415
US Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 16,400 $451,984
US Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 12,250 $338,468
US Finco LLC, 5/30/20 497,500 $499,366
USI, Inc. New York, 7.75%, 1/15/21 (144A) 500,000 $524,951
USI, Inc. New York, Initial Term Loan 2013, 12/30/19 198,004 $198,994
US Renal Care, Inc., 7/3/19 649,000 $655,084
Valeant Pharmaceuticals International, 6.375%, 10/15/20 (144A) 510,000 $569,458
Valeant Pharmaceuticals International, Inc., 12/11/19 345,625 $347,537
Valeant Pharmaceuticals International, Inc., 8/5/20 843,516 $852,026
Validus Holdings, Ltd., 8.875%, 1/26/40 200,000 $275,251
Vantage Pipeline Canada ULC, 8/21/20 65,891 $66,385
Vantage Pipeline US LP, 8/22/20 284,109 $286,240
Vedanta Resources Plc, 6.0%, 1/31/19 (144A) 650,000 $652,221
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 900,000 $964,575
Ventas Realty LP, 4.75%, 6/1/21 150,000 $163,218
Verint Systems, Inc., 9/6/19 346,500 $347,799
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 500,000 $501,688
VeriSign, Inc., 4.625%, 5/1/23 335,000 $331,790
Verizon Communications, Inc., 6.55%, 9/15/43 1,030,000 $1,291,454
Vertafore, Inc., 10/3/19 95,443 $96,070
ViaSat, Inc., 6.875%, 6/15/20 100,000 $107,826
Viasystems, Inc., 7.875%, 5/1/19 (144A) 550,000 $605,000
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 210,000 $245,618
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 200,000 $216,154
Virginia Resources Authority, 5.0%, 11/1/42 1,000,000 $1,095,387
Virgin Media Investment Holdings, Ltd., 6/8/20 790,000 $790,000
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 500,000 $525,153
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 1,480,000 $1,349,205
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 250,000 $255,131
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 250,000 $250,550
Volt Flt% 27oct53 14-Npl1-A2 2,500,000 $2,436,469
VOLT XX LLC, 5.25%, 2/1/39 (Step) (144A) 1,500,000 $1,451,973
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 300,000 $312,267
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 304,000 $305,618
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 1,813,000 $1,869,153
Wastequip LLC, 8/9/19 497,500 $499,988
Waupaca Foundry, Inc., 6/29/17 316,499 $317,290
WCA Waste Corp., 3/23/18 699,577 $702,113
WCP ISSUER LLC, 6.657%, 8/15/20 (144A) 400,000 $416,276
WebMD Health Corp., 1.5%, 12/1/20 (144A) 1,300,000 $1,379,913
WebMD Health Corp., 2.5%, 1/31/18 100,000 $102,465
Wedgewood Real Estate Trust 2013-1, Floating Rate Note, 7/25/43 (144A) 1,000,000 $44,126
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,365,000 $1,446,341
WellPoint, Inc., 2.75%, 10/15/42 300,000 $411,679
Wells Fargo & Co., 7.5%, 12/31/49 (Perpetual) 1,050 $1,236,900
Wells Fargo & Co., Floating Rate Note, 12/31/49 (Perpetual) 400,000 $470,719
Wells Fargo Commercial Mortgage Trust, 4.0%, 11/15/43 (144A) 100,000 $85,259
Wendy's International, Inc., 5/15/19 754,526 $755,738
WESCO Distribution, Inc., 12/12/19 165,030 $165,649
West Corp., Term B-10 Loan, 6/30/18 416,842 $415,865
Westgate Resorts 2012-2 LLC, 9.0%, 1/20/25 (144A) 750,000 $408,151
WEX, Inc., 4.75%, 2/1/23 (144A) 400,000 $377,583
WF-RBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A) 100,000 $104,700
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/15/44 (144A) 50,000 $52,213
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/15/48 (144A) 200,000 $182,026
WideOpenWest Finance LLC, 4/1/19 618,883 $623,331
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 165,000 $168,241
Windstream Corp., 1/23/20 198,496 $198,931
Windstream Corp., 7.5%, 6/1/22 1,305,000 $1,407,769
Windstream Corp., 8.125%, 9/1/18 850,000 $941,906
WireCo WorldGroup, Inc., 2/15/17 49,375 $49,838
WireCo WorldGroup, Inc., 9.5%, 5/15/17 100,000 $105,797
WMG Acquisition Corp., 6.0%, 1/15/21 (144A) 171,000 $180,006
WMG Acquisition Corp., 7/1/20 683,288 $683,821
Wna Holdings Inc Tl-B L + 3.25% 07jun20 250,000 $252,500
World Kitchen LLC, 3/4/19 188,034 $190,384
WR Grace & Co., Delayed Draw Term Loan, 1/23/21 172,782 $172,944
WR Grace & Co., U.S. Term Loan, 1/23/21 483,791 $484,245
Wynn Las Vegas LLC, 4.25%, 5/30/23 (144A) 205,000 $201,565
Xerium Technologies, Inc., 8.875%, 6/15/18 798,000 $868,811
Ziggo Bv 1st Lien Tl-B1 L + 2.75% 15jan22 554,681 $552,861
Ziggo Bv 1st Lien Tl-B2 L + 2.75% 15jan22 357,447 $356,274
Ziggo Bv 1st Lien Tl-B3 L + 2.75% 15jan22 587,872 $585,944

The portfolio is actively managed, and current holdings may be different.

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