Pioneer Dynamic Credit Fund

Top 10 Portfolio Holdings as of 3/31/2015
Default: sorted by market value

Security Name Par / Shares Market Value
14112z Zero% 01feb19 2,000,000 $2,084,800
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 350,000 $350,990
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 139,000 $139,475
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 1,129,903 $1,096,006
ACA CLO 2006-2, Ltd., Floating Rate Note, 1/20/21 (144A) 500,000 $493,362
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 918,063 $913,329
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 687,677 $654,153
Acgl Zero% 01jul16 700,000 $707,700
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 1,400,000 $1,390,904
Advanced Micro Devices, Inc., 6.75%, 3/1/19 595,000 $580,497
Advanced Micro Devices, Inc., 7.5%, 8/15/22 445,000 $430,352
AECOM, 5.75%, 10/15/22 (144A) 635,000 $674,974
AECOM, 5.875%, 10/15/24 (144A) 635,000 $684,885
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 223,875 $225,274
AEP Industries, Inc., 8.25%, 4/15/19 485,000 $516,788
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 208,000 $177,145
Affiliated Managers Group, Inc., 4.25%, 2/15/24 915,000 $981,940
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 961,651 $914,169
Agrokor dd, 8.875%, 2/1/20 (144A) 75,000 $83,026
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 500,000 $508,571
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 500,000 $535,989
Aircastle, Ltd., 6.25%, 12/1/19 600,000 $672,128
Air Medical Group Holdings, Inc., B-1 Term Loan, 6/30/18 247,399 $247,863
Akorn, Inc., Loan, 11/13/20 690,119 $693,570
Albertsons LLC, Term B-2 Loan, 3/21/19 894,254 $900,821
Alkermes, Inc., 2019 Term Loan, 9/25/19 687,943 $689,663
Allegion US Holding Co, Inc., 5.75%, 10/1/21 930,000 $998,588
Alliance One International, Inc., 9.875%, 7/15/21 800,000 $720,678
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 489,793 $490,304
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 554,669 $555,593
Ally Financial, Inc., 7.0% (Perpetual) (144A) 800 $821,125
Altice Financing SA, 6.5%, 1/15/22 (144A) 1,300,000 $1,351,964
Altisource Solutions Sarl, Term B Loan, 12/9/20 1,132,347 $832,275
Altrl Zero% 30jun16 2,501,147 $1,796,574
Altrl Zero% 30jun17 600,000 $608,880
American Airlines, Inc., Class B Term Loan, 6/27/19 343,875 $344,366
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 1,550,000 $1,565,182
American Airlines Inc 1st Lien Tl-B L + 3.5% 08oct21 175,000 $176,458
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 470,000 $380,405
Amgen, Inc., 5.375%, 5/15/43 2,500,000 $3,033,421
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 1,205,000 $1,215,209
Amsurg Corp., 5.625%, 7/15/22 545,000 $563,734
Apex Tool Group LLC, Term Loan, 1/31/20 637,368 $626,812
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 220,388 $220,746
Approach Resources, Inc., 7.0%, 6/15/21 1,000,000 $915,611
Appvion, Inc., Term Commitment, 6/28/19 985,000 $922,206
Apr15 Vix C @ 16.000000 500 $61,250
Apr15 Vix C @ 17.000000 500 $45,000
Arcelik AS, 5.0%, 4/3/23 (144A) 400,000 $391,689
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 678,498 $724,145
Arlington Flt% 01aug15 600,000 $669,540
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 493,750 $494,984
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 25,000 $642,000
AT&T, Inc., 3.9%, 3/11/24 3,500,000 $3,670,403
Atlantic Power LP, Term Loan, 2/20/21 1,416,712 $1,425,566
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 250,000 $258,004
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 594,000 $584,348
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 113,850 $113,850
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 400,000 $313,458
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 259,055 $259,913
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 1,246,875 $1,246,096
Avis Budget Car Rental LLC, 5.5%, 4/1/23 1,220,000 $1,288,625
Axiall Corp., 4.875%, 5/15/23 1,405,000 $1,420,338
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 1,100,000 $1,114,538
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 (144A) 250,000 $254,506
B&G Foods, Inc., 4.625%, 6/1/21 400,000 $405,667
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 1,250,000 $1,284,072
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 160,000 $141,483
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 212,565 $58,741
Banco Santander SA, Floating Rate Note (Perpetual) 800,000 $795,752
Bank of America Corp., 6.11%, 1/29/37 625,000 $767,634
Bank of America Corp., 7.75%, 5/14/38 200,000 $293,913
Bank of America Corp., Floating Rate Note, 10/23/49 575,000 $624,466
Bank of America Corp., Floating Rate Note, 9/29/49 925,000 $946,519
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,150,000 $1,144,625
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 4,900,000 $416,505
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 7,450,000 $1,084,987
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 1,288,834 $60,641
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, Floating Rate Note, 8/28/44 (144A) 460,000 $357,145
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 1,750,000 $1,562,893
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 500,000 $253,665
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 23,000,000 $144,293
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 500,000 $525,389
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $100,451
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 1,500,000 $1,508,434
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 2,642,507 $2,703,977
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 2,000,000 $2,063,389
Belden, Inc., 5.5%, 4/15/23 (144A) 300,000 $354,257
Belden, Inc., 5.5%, 9/1/22 (144A) 1,360,000 $1,400,233
Berkeley-Kane Flt% 12jun15 1,004,200 $1,051,598
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 200,000 $204,063
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 300,000 $306,050
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 292,369 $290,541
BioScrip, Inc., Initial Term B Loan, 7/31/20 487,281 $484,236
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 300,000 $329,751
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 750,000 $964,315
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 650,000 $665,405
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 750,000 $753,523
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 400,857 $400,941
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 980,000 $910,992
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 345,000 $346,251
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 124,031 $124,780
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 787,223 $790,012
Brocade Communications Systems, Inc., 4.625%, 1/15/23 800,000 $807,764
Brown Shoe Co, Inc., 7.125%, 5/15/19 750,000 $799,250
Buckeye Partners LP, 4.15%, 7/1/23 1,750,000 $1,748,913
Burger King Corp 1st Lien Tl-B L + 3.5% 25sep21 361,777 $365,814
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 1,150,000 $1,137,174
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 1,000,000 $1,049,315
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 330,000 $301,125
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 525,638 $519,478
Calpine Corp., Term Loan (10/12), 10/9/19 439,239 $441,008
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 750,000 $304,021
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 400,000 $402,187
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 500,000 $561,946
Capella Healthcare, Inc., 9.25%, 7/1/17 200,000 $211,750
Caraustar Industries, Inc., Term Loan, 5/1/19 202,339 $202,086
Cardtronics, Inc., 1.0%, 12/1/20 1,000,000 $992,708
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 1,000,000 $996,042
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 500,000 $463,117
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 1,665,000 $1,887,160
Catamaran Corp., 4.75%, 3/15/21 1,125,000 $1,252,531
CCO Holdings LLC, 5.75%, 9/1/23 475,000 $498,651
CCO Holdings LLC, 6.625%, 1/31/22 600,000 $647,985
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 2,500,000 $2,521,066
CenturyLink, Inc., 7.6%, 9/15/39 150,000 $154,163
CenturyLink, Inc., 7.65%, 3/15/42 1,300,000 $1,333,670
Cenveo Corp., 6.0%, 8/1/19 (144A) 1,210,000 $1,146,475
Cepheid, 1.25%, 2/1/21 545,000 $606,426
Cequel Communications LLC, Term Loan, 2/14/19 371,467 $372,453
Charter Communications 1st Lien Tl-B L + 3.5% 12aug21 390,000 $393,626
Charter Communications Operating LLC, Term F Loan, 12/31/20 491,250 $489,984
Chiquita Brands International, Inc., 7.875%, 2/1/21 428,000 $474,278
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 450,000 $55,261
CHS, 2021 Term D Loan, 1/27/21 343,752 $345,829
CHS, 6.875%, 2/1/22 1,495,000 $1,614,911
CHS, 8.0%, 11/15/19 1,075,000 $1,174,676
Citadel Plastics Holdings Inc 1st Lien Tlb L + 4.25% 05nov20 367,000 $367,918
Citigroup, Inc., Floating Rate Note (Perpetual) 63,000 $1,741,320
Citigroup, Inc., Floating Rate Note (Perpetual) 1,500,000 $1,522,558
Citigroup, Inc., Floating Rate Note (Perpetual) 640,000 $654,452
Citigroup Capital XIII, Floating Rate Note, 10/30/40 41,128 $1,090,715
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 300,000 $312,006
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 300,000 $58,948
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 250,000 $248,059
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 350,000 $345,873
CityCenter Holdings LLC, Term B Loan, 10/16/20 227,316 $228,500
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 750,000 $784,323
Cme: (Cdx.Na.Hy.23.V3) Usd 20dec19 Z91mw60e6 -101,714,200 $-9,758,978
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 5,908,000 $450,435
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 650,000 $706,469
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 91,720 $92,004
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 1,200,000 $1,232,730
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 220,000 $196,964
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 715,000 $682,853
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 2,000,000 $2,047,124
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 100,000 $102,609
COMM 2012-CCRE4 Mortgage Trust, Floating Rate Note, 10/17/45 (144A) 303,000 $305,789
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 1,400,000 $1,403,927
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 1,400,000 $1,399,528
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 1,600,000 $1,703,839
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 400,000 $429,525
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 1,700,000 $1,828,740
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 104,470 $104,339
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 156,705 $156,736
Comstock Resources, Inc., 7.75%, 4/1/19 1,200,000 $550,500
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 786,323 $784,685
Constellation Brands, Inc., 3.75%, 5/1/21 470,000 $487,919
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 475,000 $435,911
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 250,000 $8,355
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 250,000 $52,402
ConvaTec, Inc., Dollar Term Loan, 12/22/16 92,917 $93,322
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 100,000 $108,692
Copano Energy LLC, 7.125%, 4/1/21 373,000 $415,942
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 700,000 $695,395
Corporate Office Properties LP, 3.6%, 5/15/23 155,000 $152,540
Corsicanto, Ltd., 3.5%, 1/15/32 750,000 $804,292
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/34 (144A) 9,809,888 $269,363
Covanta Holding Corp., 5.875%, 3/1/24 1,130,000 $1,175,082
Coveris Holdings SA, USD Term Loan, 4/14/19 29,625 $29,829
Credit Agricole SA, Floating Rate Note, 12/31/64 (144A) 1,900,000 $1,907,547
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $103,818
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 1,749,811 $324,906
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,400,000 $1,303,477
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,150,000 $1,162,354
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 195,623 $188,287
Crown Americas Llc 1st Lien Tl-B L + 3.25% 20oct21 648,375 $655,416
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 650,503 $649,853
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 572,125 $568,907
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 645,125 $644,561
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 2,000,000 $2,000,758
CST Brands, Inc., 5.0%, 5/1/23 1,325,000 $1,379,104
Cummins, Inc., 5.65%, 3/1/98 350,000 $412,960
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 360,000 $7,173
CWGS Group LLC, Term Loan, 2/20/20 1,395,625 $1,409,146
Darling Ingredients, Inc., 5.375%, 1/15/22 1,060,000 $1,079,978
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 1,360,000 $1,401,914
DaVita HealthCare Partners, Inc., Tranche B Term Loan, 6/19/21 63,023 $63,253
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 113,538 $128,528
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 1,550,000 $1,148,744
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 1,300,000 $1,306,427
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 245,823 $234,351
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 171,063 $171,246
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 400,000 $418,544
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 900,000 $948,870
Denbury Resources, Inc., 4.625%, 7/15/23 910,000 $789,210
DigitalGlobe, Inc., Term Loan, 1/31/20 692,419 $694,319
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 400,000 $418,083
DR Horton, Inc., 5.75%, 8/15/23 765,000 $833,733
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 709,423 $543,418
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 750,000 $717,619
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 1,658,357 $1,671,486
DuPont Fabros Technology LP, 5.875%, 9/15/21 1,000,000 $1,035,111
DynCorp International, Inc., Term Loan, 7/7/16 65,805 $65,476
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 302,308 $303,198
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 250,000 $261,650
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21 573,563 $577,147
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 1,000,000 $1,052,542
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 1,000,000 $1,011,787
Emdeon, Inc., Term B-2 Loan, 11/2/18 773,937 $776,356
Emergent Biosolutions, Inc., 2.875%, 1/15/21 670,000 $778,335
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 500,000 $440,796
Endo Finance LLC, 5.375%, 1/15/23 (144A) 875,000 $882,741
Enel Finance International NV, 5.125%, 10/7/19 (144A) 150,000 $171,495
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 1,190,000 $1,434,159
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 1,520,000 $592,800
Energy XXI, Ltd., 3.0%, 12/15/18 845,000 $248,323
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 1,235,000 $1,290,712
Ensco Plc, 5.75%, 10/1/44 3,950,000 $3,940,474
Entegris, Inc., 6.0%, 4/1/22 (144A) 1,000,000 $1,072,500
Envision Healthcare Corp., Initial Term Loan, 5/25/18 293,143 $294,472
EP Energy LLC, Tranche B-3 Loan, 5/24/18 176,667 $170,778
Epiq Systems, Inc., Term Loan, 8/27/20 589,902 $591,377
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 530,000 $529,977
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 300,000 $276,964
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19 348,250 $334,610
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 1,273,600 $1,260,546
ExGen Renewables I LLC, Term Loan, 2/5/21 1,079,323 $1,090,116
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 76,767 $76,839
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 300,000 $320,687
Fannie Mae, 0.5%, 12/15/33 1,265,000 $1,298,487
Fannie Mae, 3.5%, 5/1/44 6,475,000 $6,173,430
Fannie Mae, 4.0%, 5/1/44 1,445,896 $1,282,608
Fannie Mae, 4.0%, 9/1/43 528,373 $519,483
Fannie Mae, 4.5%, 9/1/39 2,945,000 $1,203,105
Fannie Mae, 4.5%, 9/1/40 2,868,485 $902,603
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 350,000 $137,589
FCA US LLC, Tranche B Term Loan, 12/29/18 2,009,813 $2,009,394
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 399,000 $400,247
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 2,749,325 $893,078
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 175,000 $180,480
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 500,000 $540,938
Fidelity National Financial, Inc., 5.5%, 9/1/22 250,000 $273,968
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 246,869 $231,440
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 1,846,407 $1,358,841
Fifth Third Bancorp, Floating Rate Note (Perpetual) 14,900 $420,925
Firstar Realty LLC, 8.875% (Perpetual) (144A) 400 $507,875
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 500,000 $500,365
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 411,255 $384,524
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 1,000,000 $734,782
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 700,000 $728,779
Flextronics International, Ltd., 4.625%, 2/15/20 585,000 $616,976
Flextronics International, Ltd., 5.0%, 2/15/23 695,000 $732,453
Floatel 1st Lien Tl-B L + 5% 22may20 216,581 $160,270
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 1,070,000 $1,108,119
Fly Funding II Sarl, Loan, 8/8/18 715,577 $719,155
Fly Leasing, Ltd., 6.375%, 10/15/21 1,375,000 $1,404,591
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 221,762 $201,091
Foresight Energy LLC, Term Loan, 8/21/20 249,073 $246,271
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 1,000,000 $990,299
Frontier Communications Corp., 6.25%, 9/15/21 200,000 $201,056
Frontier Communications Corp., 7.625%, 4/15/24 250,000 $269,102
Frontier Communications Corp., 8.75%, 4/15/22 500,000 $575,174
Frontier Communications Corp., 9.0%, 8/15/31 200,000 $216,300
GAHR Commericial Mortgage Trust 2015-NRF, 3.38216%, 12/15/19 (144A) 820,000 $785,404
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,000,000 $1,041,556
Gannett Co, Inc., 6.375%, 10/15/23 1,120,000 $1,248,123
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 52,277 $52,125
Garda World Security Corp., Term B Loan, 11/1/20 204,356 $203,760
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 381,492 $362,823
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 600,000 $563,103
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 2,500,000 $577,088
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 350,000 $353,321
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 950,000 $1,003,695
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 5,850,000 $250,976
Generac Power Systems, Inc., Term Loan B, 5/31/20 632,400 $631,741
General Cable Corp., 4.5%, 11/15/29 (Step) 1,342,000 $1,087,188
General Electric Capital Corp., Floating Rate Note (Perpetual) 1,500,000 $1,792,094
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 443,087 $441,056
Genpact International, Inc., Term Loan, 8/30/19 319,193 $320,231
Gestamp Funding Luxembourg SA, 5.625%, 5/31/20 (144A) 1,215,000 $1,277,459
Gibraltar Industries, Inc., 6.25%, 2/1/21 1,000,000 $1,025,417
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 1,005,000 $1,039,421
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 1,500,000 $1,074,515
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 200,000 $206,452
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 22,861 $22,804
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 800,000 $157,317
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 1,671,000 $375,768
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 509,814 $112,948
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 2,500,000 $690,338
GMAC Capital Trust I, Floating Rate Note, 2/15/40 27,750 $728,438
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 570,000 $543,907
Golar LNG Partners LP, Floating Rate Note, 10/12/17 2,000,000 $256,842
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 250,000 $250,243
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 498,306 $498,555
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 426,480 $411,554
Griffon Corp., 5.25%, 3/1/22 1,375,000 $1,362,591
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 99,000 $99,019
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 525,000 $492,958
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 890,000 $885,989
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 1,000,000 $982,288
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 1,000,000 $1,008,230
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 700,000 $718,715
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 705,000 $704,128
GTP Acquisition Partners I LLC, 7.628%, 6/15/41 (144A) 500,000 $507,945
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 540,000 $567,090
Gulfport Energy Corp., 7.75%, 11/1/20 1,190,000 $1,258,177
Halcon Resources Corp., 8.875%, 5/15/21 595,000 $433,474
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 1,080,000 $1,162,050
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 498,750 $504,441
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 319,687 $321,286
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 105,000 $104,224
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 1,716,375 $1,733,539
Hexion, Inc., 8.875%, 2/1/18 700,000 $628,104
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 1,900,000 $1,880,239
HJ Heinz Co., Term B-2 Loan, 6/5/20 262,050 $262,557
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 400,000 $395,672
Hologic, Inc., Refinancing Tranche B Term Loan, 8/1/19 247,026 $247,586
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 250,000 $170,626
Houghton Mifflin Harcourt Publishers, Inc., Term Loan, 5/22/18 107,369 $107,012
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 250,000 $276,532
Iap Worldwide Services Inc 4 $2,697
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 28,619 $26,615
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 250,000 $226,969
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 200,000 $206,858
Immucor, Inc., 11.125%, 8/15/19 100,000 $108,797
Immucor, Inc., Term B-2 Loan, 8/19/18 440,365 $442,705
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 600,000 $597,754
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 214,995 $213,402
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 100,000 $107,368
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 1,000,000 $867,833
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 250,000 $268,188
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 289,851 $289,090
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 39,209 $39,448
InterGen NV, 7.0%, 6/30/23 (144A) 1,050,000 $1,034,454
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 400,000 $418,667
International Equipment Solutions LLC, Initial Loan, 8/16/19 416,389 $417,690
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 525,000 $627,083
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 1,350,000 $1,247,109
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 132,691 $132,801
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 700,000 $872,529
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 900,000 $971,155
j2 Global, Inc., 8.0%, 8/1/20 705,000 $770,800
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,000,000 $1,063,333
James River Coal Co., 7.875%, 4/1/19 250,000 $30,156
Jazz Pharmaceuticals, Inc., Tranche 2 Term Loan, 6/12/18 336,350 $337,682
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 500,000 $527,924
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 1,455,000 $1,365,578
JLL, 7.5%, 2/1/22 (144A) 705,000 $742,013
JLL, Initial Dollar Term Loan, 1/23/21 447,750 $446,351
JMC Steel Group, Inc., Term Loan, 4/1/17 390,993 $390,178
JPMorgan Chase & Co., 1.0%, 9/20/17 250,000 $31,934
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 2,360,000 $2,587,150
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 1,400,000 $1,435,417
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 1,400,000 $1,409,329
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 1,725,000 $1,770,262
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 1,850,000 $1,858,891
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 1,100,000 $1,101,947
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 1,530,000 $1,530,884
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 7/25/35 2,900,000 $147,610
Kane Flt% 12jun15 1,100,000 $1,076,900
Kane Flt% 14jul15 713,104 $701,837
Kane Ilw Zero% 02feb16 1,050,000 $981,750
Kane-Pi4 Flt% 07jul16 1,503,871 $1,505,826
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,050,525 $1,054,622
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 533,600 $535,147
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 294,350 $295,616
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 550,600 $551,756
Kane Zero% 19feb16 1,200,000 $1,256,760
Kane Zero% 22jan16 500,000 $508,900
Kane Zero% 22jan16 1,200,000 $1,215,600
Kane Zero% 29apr16 2,100,000 $2,177,280
KB Home, 1.375%, 2/1/19 700,000 $670,979
KB Home, 7.0%, 12/15/21 500,000 $519,056
KB Home, 8.0%, 3/15/20 200,000 $216,711
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 405,000 $423,257
Key Energy Services, Inc., 6.75%, 3/1/21 355,000 $230,972
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $355,408
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 650,000 $665,649
Kindred Healthcare, Inc., 6.375%, 4/15/22 400,000 $415,258
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 490,050 $493,011
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 390,204 $392,155
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 1,500,000 $1,615,780
Kleopatra Acquisition Corp., Term B-1 Loan, 12/21/16 179,907 $181,068
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 1,800,000 $820,926
Landry's, Inc., B Term Loan, 4/24/18 419,813 $421,125
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 600,000 $610,100
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 540,740 $510,999
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 358,317 $363,707
Legacy Reserves LP, 6.625%, 12/1/21 1,300,000 $1,055,708
Legg Mason, Inc., 3.95%, 7/15/24 1,250,000 $1,314,750
Legg Mason, Inc., 5.625%, 1/15/44 500,000 $598,129
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-3, Floating Rate Note, 12/25/36 (144A) 0 $-8
Lennar Corp., 4.5%, 6/15/19 1,175,000 $1,228,756
Level 3 Financing Inc 1st Lien Tl-B5 L + 3.5% 31jan22 1,000,000 $1,006,518
Liberty Tire Recycling Llc 3,071 $31
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 79,000 $76,259
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 421,580 $420,614
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 712,313 $705,858
LKQ Corp., 4.75%, 5/15/23 250,000 $249,486
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 2,500 $314,500
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 1,432,087 $1,439,886
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 500,000 $605,435
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 450,000 $360,272
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 1,105,000 $959,719
Marfrig Holding Europe BV, 8.375%, 5/9/18 (144A) 200,000 $195,607
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 100,000 $98,379
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 1,100,000 $99,432
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 500,000 $96,782
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 1,876,250 $1,883,873
McKesson Corp., 4.883%, 3/15/44 1,500,000 $1,724,670
MDC Holdings, Inc., 5.5%, 1/15/24 890,000 $878,084
MedAssets, Inc., 8.0%, 11/15/18 175,000 $187,726
MedAssets, Inc., Term B Loan, 12/13/19 323,000 $322,596
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 1,090,000 $977,140
Memorial Production Partners LP, 7.625%, 5/1/21 770,000 $725,164
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 500,000 $500,628
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 1,200,000 $177,991
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 400,000 $369,050
MGM Resorts International, Term B Loan, 12/20/19 263,925 $263,458
MHP SA, 8.25%, 4/2/20 (144A) 500,000 $347,460
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 683,824 $685,675
Microsemi Corp., Term Loan (2014), 3/14/21 175,289 $175,377
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 25,000 $19,488
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 400,000 $399,253
Mirabela Nickel, Ltd. 922,916 $98,353
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 117,320 $91,997
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 914,119 $913,166
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 1,400,000 $1,438,003
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 2,000,000 $2,028,592
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 500,000 $490,609
MMM Holdings, Inc., MMM Term Loan, 12/12/17 25,608 $22,727
Monitronics International, Inc., Term B Loan (2013), 3/23/18 554,266 $555,565
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 1,750,000 $712,902
Morgan Stanley, 4.1%, 5/22/23 750,000 $791,552
Morgan Stanley, 4.875%, 11/1/22 250,000 $278,119
Morgan Stanley, Floating Rate Note (Perpetual) 96,200 $2,505,048
Morgan Stanley, Floating Rate Note (Perpetual) 18,000 $512,460
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 105,000 $7,585
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 1,800,000 $1,860,946
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 3,432,000 $547,218
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 2,208,000 $335,327
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 1,738,064 $1,749,077
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 100,000 $107,637
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 18,617 $16,522
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 247,500 $246,675
Murphy Oil USA, Inc., 6.0%, 8/15/23 1,000,000 $1,080,167
Murray Energy Corp., 8.625%, 6/15/21 (144A) 650,000 $695,757
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 500,000 $535,849
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 1,499,000 $1,436,135
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 1,360,000 $1,378,470
Nationstar Mortgage LLC, 6.5%, 6/1/22 720,000 $706,800
Nationstar Mortgage LLC, 6.5%, 7/1/21 725,000 $715,031
Navios Maritime Partners LP, Term Loan, 6/27/18 375,860 $379,149
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 600,000 $600,125
Navistar, Inc., Tranche B Term Loan, 8/17/17 120,000 $120,725
Navistar International Corp., 8.25%, 11/1/21 575,000 $578,953
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 750,000 $755,972
Navitas Equipment Receivables LLC 2015-1, 5.75%, 5/17/21 (144A) 710,500 $711,062
NBTY, Inc., Term B-2 Loan, 10/1/17 750,000 $741,329
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 600,000 $589,347
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 470,249 $470,249
NCR Corp., 5.0%, 7/15/22 685,000 $699,081
NCR Corp., 6.375%, 12/15/23 1,160,000 $1,257,174
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 100,000 $104,500
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 398,000 $399,493
New World Resources NV, 4.0%, 10/7/20 (PIK) 67,741 $19,517
New World Resources NV, Floating Rate Note, 10/7/20 29,032 $4,990
New World Resources NV, Floating Rate Note, 10/7/20 38,709 $16,219
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 740,625 $722,572
Nn Inc 1st Lien Tl-B L + 5% 18jul21 1,362,500 $1,368,461
Norcraft Companies LP, Initial Loan, 11/12/20 197,500 $198,241
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 1,500,000 $1,516,508
NPC International, Inc., Term Loan, 12/28/18 560,467 $552,761
NRG Energy, Inc., 6.25%, 5/1/24 500,000 $516,771
NRG Energy, Inc., 7.625%, 1/15/18 900,000 $1,005,613
NRG Energy, Inc., 8.25%, 9/1/20 200,000 $213,125
NSG Holdings LLC, New Term Loan, 12/11/19 216,810 $216,539
Numericable-SFR SAS, 6.0%, 5/15/22 (144A) 850,000 $867,142
NuVasive, Inc., 2.75%, 7/1/17 622,000 $780,999
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 860,000 $173,959
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 800,000 $147,700
Oasis Petroleum, Inc., 6.875%, 3/15/22 18,000 $17,605
Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A) 1,960,000 $1,207,850
Ocwen Financial Corp., 6.625%, 5/15/19 (144A) 1,450,000 $1,290,540
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 760,728 $742,503
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 126,704 $72,538
Old HB, Inc., Term B Loan, 4/9/20 673,200 $687,506
On Assignment, Inc., Initial Term B Loan, 5/15/20 367,182 $367,335
ONEOK, Inc., 6.875%, 9/30/28 1,450,000 $1,722,129
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 200,000 $198,332
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 600,000 $269,174
ORES 2014-LV3 LLC, 6.0%, 3/27/24 1,000,000 $1,000,667
Outerwall, Inc., 5.875%, 6/15/21 (144A) 985,000 $906,002
Outerwall, Inc., 6.0%, 3/15/19 435,000 $423,110
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 425,000 $450,799
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 700,000 $731,714
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 172,375 $173,237
Pacific Drilling SA, Term Loan, 6/3/18 205,927 $171,589
Pangaea Zero% 01jul18 2,000,000 $2,180,400
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 288,550 $196,249
PDL BioPharma, Inc., 4.0%, 2/1/18 593,000 $571,380
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 205,097 $204,649
Penn Virginia Corp., 6.0% (Perpetual) (144A) 14,300 $870,727
Penn Virginia Corp., 7.25%, 4/15/19 600,000 $563,058
Penn Virginia Corp., 8.5%, 5/1/20 430,000 $419,429
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 425,000 $457,749
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 142,000 $153,835
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 1,086,107 $1,096,968
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 172,960 $172,512
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 481,000 $523,194
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 232,502 $231,631
Post Holdings, Inc., 2.5% (Perpetual) (144A) 11,800 $1,098,875
Post Holdings, Inc., 7.375%, 2/15/22 550,000 $574,433
PPL Capital Funding, Inc., 5.9%, 4/30/73 25,000 $638,500
PQ Corp., 2014 Term Loan, 8/7/17 684,250 $682,617
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 236,699 $237,661
Prestige Brands, Inc., Term B-2 Loan, 8/18/21 916,667 $921,479
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 500,000 $509,417
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 1,250,000 $1,261,007
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 442,085 $444,296
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21 330,315 $333,154
Protection One, Inc., Term Loan (2012), 3/21/19 494,915 $495,636
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 1,425,000 $1,385,634
Prudential Financial, Inc., Floating Rate Note, 9/15/42 1,500,000 $1,633,292
Quebecor Media, Inc., 5.75%, 1/15/23 825,000 $863,718
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 234,902 $232,333
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 750,000 $763,750
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 1,000,000 $1,021,211
Qwest Corp., 7.375%, 6/1/51 4,400 $115,632
Radio Systems Corp., 8.375%, 11/1/19 (144A) 600,000 $667,438
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 550,000 $522,454
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 400,000 $252,682
RCMC LLC, 5.62346%, 12/17/18 (144A) 250,000 $119,490
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 344,896 $346,621
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 1,940,000 $2,000,078
Rent-A-Center, Inc., 6.625%, 11/15/20 930,000 $897,476
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $610,512
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 1,250,000 $1,272,375
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $819,400
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $535,961
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/19 (Cat Bond) (144A) 250,000 $257,461
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 6,760,000 $1,117,920
Resolute Forest Products, Inc., 5.875%, 5/15/23 1,110,000 $1,091,346
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 425,000 $459,230
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 330,000 $357,264
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 1,000,000 $257,645
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 1,880,000 $1,872,141
Rosetta Resources, Inc., 5.625%, 5/1/21 515,000 $496,170
Rosetta Resources, Inc., 5.875%, 6/1/22 665,000 $639,785
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 202,743 $202,236
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 1,075,000 $1,116,974
RTI International Metals, Inc., 1.625%, 10/15/19 385,000 $445,635
Rural, Term Loan, 6/30/18 86,479 $79,993
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 1,000,000 $1,015,935
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 865,000 $879,224
Salix Pharmaceuticals, Ltd., 6.25%, 1/15/21 (144A) 755,000 $847,467
Salix Pharmaceuticals, Ltd., Term Loan, 12/17/19 164,063 $164,237
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,000,000 $1,001,150
SandRidge Energy, Inc., 7.0% (Perpetual) 7,500 $289,688
SBP HOLDINGS, Ltd., Term Loan (First Lien), 3/24/21 0 $0
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 2,000,000 $-186,219
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 475,000 $478,933
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 800,000 $776,889
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 1,620,938 $1,626,791
Seadrill Operating LP, Initial Term Loan, 2/14/21 839,375 $669,177
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 1,100,000 $1,152,104
Seagate HDD Cayman, 4.75%, 6/1/23 885,000 $944,178
Sealy Corp., 8.0%, 7/15/16 (PIK) 13,100 $1,112,452
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 1,433 $17,304
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 500,000 $512,150
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 700,000 $873,390
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 250,000 $232,087
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 492,995 $487,448
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 20,527 $20,552
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 294,750 $293,829
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 242,434 $242,738
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 282,750 $283,869
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 945,250 $943,478
Ship Midco, Ltd., Facility B2A-II, 11/29/19 78,745 $79,254
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 750,000 $187,569
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 1,200,000 $1,200,725
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 400,000 $25,520
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 800,000 $841,280
Si Organization Inc 1st Lien Dd L + 0% 19nov19 14,052 $14,144
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 210,871 $212,255
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 1,335,000 $1,432,086
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 830,000 $813,377
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 245,603 $247,036
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 450,000 $465,496
SolarCity Corp., 1.625%, 11/1/19 (144A) 1,345,000 $1,201,314
Sotheby's, 5.25%, 10/1/22 (144A) 1,135,000 $1,144,931
Southern California Edison Co., Floating Rate Note (Perpetual) 75,000 $84,781
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 800,000 $766,222
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 500,000 $501,270
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 200,000 $206,891
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 250,000 $259,074
Springs Industries, Inc., 6.25%, 6/1/21 400,000 $403,333
Sprint Corp., 7.125%, 6/15/24 1,225,000 $1,220,074
SRAM LLC, Term Loan (First Lien), 4/10/20 643,966 $643,966
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 950,000 $974,449
Standard Pacific Corp., 6.25%, 12/15/21 1,000,000 $1,078,403
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 930,000 $962,556
Steward Health Care System LLC, Term Loan, 4/10/20 491,250 $490,476
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 200,000 $199,979
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 7/25/34 406,549 $61,113
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 3,319,800 $111,038
SUAM Finance BV, 4.875%, 4/17/24 (144A) 500,000 $528,604
Summit Midstream Holdings LLC, 7.5%, 7/1/21 1,030,000 $1,090,513
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 1,500,000 $1,486,804
SunPower Corp., 0.875%, 6/1/21 (144A) 2,000,000 $1,938,333
Swift Energy Co., 7.875%, 3/1/22 1,435,000 $583,417
Swift Transportation Co LLC, Tranche B Loan, 6/9/21 168,282 $169,018
Syncreon Group BV, Term Loan, 9/26/20 696,482 $670,364
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 239,957 $227,559
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 484,761 $459,715
Talos Production LLC, 9.75%, 2/15/18 (144A) 420,000 $299,233
Tank Holding Corp., Initial Term Loan, 7/9/19 660,961 $664,266
Targa Resources Partners LP, 4.25%, 11/15/23 555,000 $543,098
Targus Group International, Inc., Term Loan, 5/24/16 225 $183
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 100,000 $70,620
Tata Chemicals North America, Inc., Term Loan, 8/7/20 245,625 $245,471
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 603,043 $602,661
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 100,301 $100,531
Tenet Healthcare Corp., 4.375%, 10/1/21 1,480,000 $1,462,888
Tenet Healthcare Corp., 4.5%, 4/1/21 265,000 $265,663
Terex Corp., U.S. Term Loan, 8/13/21 110,501 $110,847
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 300,000 $383,204
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 225,000 $303,031
The Hanover Insurance Group, Inc., 6.35%, 3/30/53 30,000 $753,900
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 750,000 $842,606
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 1,200,000 $1,208,226
The Ryland Group, Inc., 0.25%, 6/1/19 1,000,000 $974,583
The Ryland Group, Inc., 5.375%, 10/1/22 95,000 $97,316
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 100,000 $92,555
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 126,457 $126,562
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 30,000 $31,104
T-Mobile USA, Inc., 6.0%, 3/1/23 400,000 $411,876
T-Mobile USA, Inc., 6.542%, 4/28/20 490,000 $521,335
T-Mobile USA, Inc., 6.625%, 4/1/23 1,500,000 $1,619,063
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,035,000 $738,760
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 871,801 $872,619
Towergate Finance Plc, 8.5%, 2/15/18 (144A) 340,000 $520,461
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 805,000 $882,794
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 325,000 $318,644
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 300,000 $303,758
Tribune Media Co., Initial Term Loan, 11/20/20 500,000 $501,063
Trust F, 5.25%, 12/15/24 (144A) 400,000 $436,183
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 989,899 $990,196
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 543,125 $544,483
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 400,000 $394,706
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 16,600,000 $16,338,938
UBS AG, 7.625%, 8/17/22 1,050,000 $1,283,306
Unifrax I LLC, 7.5%, 2/15/19 (144A) 630,000 $639,188
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 317,100 $316,783
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 300,000 $300,159
United Airlines, Inc., Class B Term Loan, 4/1/19 245,000 $244,388
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 150,000 $151,438
United Continental Holdings, Inc., 6.0%, 7/15/26 1,475,000 $1,493,683
Univar, Inc., Term B Loan, 6/30/17 265,133 $265,195
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 612,563 $611,907
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 525,937 $525,499
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 400,000 $408,710
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 200,000 $210,256
US Bancorp, Floating Rate Note (Perpetual) 9,700 $264,907
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 740,111 $742,193
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 298,478 $298,685
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 728,520 $729,203
Vantiv LLC, Term B Loan, 6/12/21 327,113 $328,950
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 750,000 $741,097
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 368,872 $369,103
VeriSign, Inc., 4.625%, 5/1/23 335,000 $340,618
Verizon Communications, Inc., 4.15%, 3/15/24 2,500,000 $2,690,159
Verizon Communications, Inc., 5.012%, 8/21/54 576,000 $600,860
Verizon Communications, Inc., 6.55%, 9/15/43 576,000 $751,720
Vers 2015-A Zero% 31dec17 2,000,000 $2,052,000
Vertafore, Inc., Term Loan (2013), 10/3/19 94,831 $94,979
Viasystems, Inc., 7.875%, 5/1/19 (144A) 950,000 $1,031,047
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 200,000 $191,001
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 675,299 $675,346
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 500,000 $536,767
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 250,000 $255,605
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 250,000 $255,513
VOLT XXIV LLC, 4.75%, 11/25/53 (Step) 1,000,000 $997,792
Voya Financial, Inc., Floating Rate Note, 5/15/53 615,000 $655,802
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 300,000 $257,946
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 1,600,000 $1,623,414
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 304,000 $310,628
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 1,500,000 $1,546,072
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 1,813,000 $1,920,285
Wastequip LLC, Term Loan, 8/9/19 491,250 $491,557
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 1,091,750 $1,099,938
WCA Waste Corp., Term Loan, 3/23/18 690,677 $686,648
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 400,000 $424,955
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,815,000 $1,945,176
Wells Fargo & Co., 7.5% (Perpetual) 1,050 $1,284,150
Wells Fargo & Co., Floating Rate Note (Perpetual) 1,150,000 $1,228,887
Wells Fargo Commercial Mortgage Trust 2010-C1, 4.0%, 11/18/43 (144A) 100,000 $95,453
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 1,500,000 $1,484,438
Wendy's International LLC, Term B Loan, 5/15/19 745,047 $745,978
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 165,030 $165,512
West Corp., Term B-10 Loan, 6/30/18 366,334 $366,105
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 1,000,000 $257,825
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 800,000 $673,265
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 50,000 $54,712
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 200,000 $198,117
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 1,910,920 $1,934,806
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 84,291 $85,345
Windstream Corp., 7.5%, 6/1/22 1,305,000 $1,291,950
Windstream Corp., Tranche B-4 Term Loan, 1/23/20 195,990 $196,112
WireCo WorldGroup, Inc., Term Loan, 2/15/17 48,288 $48,288
World Kitchen LLC, U.S. Term Loan, 3/4/19 185,571 $185,803
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 172,350 $172,612
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 478,953 $479,680
Xerium Technologies, Inc., 8.875%, 6/15/18 798,000 $844,788
Zebra Technologies Corp., 7.25%, 10/15/22 (144A) 1,105,000 $1,227,578
ZIGGO BV, (USD) TLB3, 1/15/22 587,872 $584,750
Ziggo Bv Us 1st Lien Tl-B1 L + 2.75% 15jan22 554,681 $551,734
Ziggo Bv Us 1st Lien Tl-B2 L + 2.75% 15jan22 357,447 $355,548

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