Pioneer Dynamic Credit Fund

Top 10 Portfolio Holdings as of 4/30/2015
Default: sorted by market value

Security Name Par / Shares Market Value
14112z Zero% 01feb19 2,000,000 $2,113,400
17079z Zero% 31mar18 250,000 $251,150
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 350,000 $350,969
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 139,000 $139,443
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 1,129,903 $1,079,057
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 915,750 $918,994
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 687,677 $671,058
Acgl Zero% 01jul16 700,000 $710,290
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 1,400,000 $1,391,113
Advanced Micro Devices, Inc., 6.75%, 3/1/19 220,000 $193,875
Advanced Micro Devices, Inc., 7.5%, 8/15/22 445,000 $371,946
AECOM, 5.75%, 10/15/22 (144A) 635,000 $658,848
AECOM, 5.875%, 10/15/24 (144A) 635,000 $659,448
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 223,313 $223,871
AEP Industries, Inc., 8.25%, 4/15/19 485,000 $492,841
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 208,000 $180,486
Affiliated Managers Group, Inc., 4.25%, 2/15/24 915,000 $974,942
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 961,651 $925,188
Agrokor dd, 8.875%, 2/1/20 (144A) 75,000 $84,185
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 500,000 $512,588
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 500,000 $546,224
Aircastle, Ltd., 6.25%, 12/1/19 600,000 $677,875
Akorn, Inc., Loan, 11/13/20 690,119 $692,707
Albertsons LLC, Term B-2 Loan, 3/21/19 894,254 $902,498
Alkermes, Inc., 2019 Term Loan, 9/25/19 686,184 $688,614
Allegion US Holding Co, Inc., 5.75%, 10/1/21 930,000 $983,281
Alliance One International, Inc., 9.875%, 7/15/21 800,000 $719,261
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 488,540 $490,525
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 554,669 $558,915
Ally Financial, Inc., 7.0% (Perpetual) (144A) 800 $819,100
Altisource Solutions Sarl, Term B Loan, 12/9/20 1,132,347 $979,480
Altrl Zero% 30jun16 2,501,147 $1,446,914
Altrl Zero% 30jun17 1,000,000 $1,019,800
American Airlines, Inc., Class B Term Loan, 6/27/19 343,875 $345,809
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 1,550,000 $1,539,386
American Airlines Inc 1st Lien Tl-B L + 3.5% 08oct21 175,000 $175,948
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 470,000 $372,718
Amgen, Inc., 5.375%, 5/15/43 2,500,000 $2,887,807
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 1,205,000 $1,250,355
Amsurg Corp., 5.625%, 7/15/22 545,000 $562,311
Apex Tool Group LLC, Term Loan, 1/31/20 637,368 $638,165
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 214,171 $215,376
Approach Resources, Inc., 7.0%, 6/15/21 1,000,000 $928,944
Appvion, Inc., Term Commitment, 6/28/19 982,500 $913,725
Arcelik AS, 5.0%, 4/3/23 (144A) 400,000 $384,036
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 678,498 $746,404
Arlington Flt% 01aug15 600,000 $676,440
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 493,750 $494,984
A Schulman Inc Bridge L + 0% 27mar16 1,945,000 $1,945,000
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 25,000 $643,250
AT&T, Inc., 3.9%, 3/11/24 3,500,000 $3,665,517
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 $254,673
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 594,000 $589,174
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 113,850 $114,419
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 259,055 $260,615
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 1,246,875 $1,255,447
Axiall Corp., 4.875%, 5/15/23 1,405,000 $1,450,633
Axis Equipment Finance Receivables III LLC, 5.27%, 5/20/20 (144A) 500,000 $498,766
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 1,100,000 $1,114,186
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 (144A) 250,000 $254,541
B&G Foods, Inc., 4.625%, 6/1/21 400,000 $408,708
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 1,250,000 $1,293,386
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 160,000 $141,187
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 212,565 $57,208
Banco Santander SA, Floating Rate Note (Perpetual) 800,000 $797,200
Bank of America Corp., 6.11%, 1/29/37 400,000 $477,597
Bank of America Corp., Floating Rate Note, 10/23/49 800,000 $851,156
Bank of America Corp., Floating Rate Note, 9/29/49 925,000 $956,540
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,150,000 $1,146,183
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 4,900,000 $411,360
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 7,450,000 $1,070,340
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 1,288,834 $51,142
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, 3.721%, 8/28/44 (Step) (144A) 460,000 $342,636
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 1,750,000 $1,519,684
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 500,000 $249,615
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 23,000,000 $143,849
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 500,000 $524,756
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $100,448
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 1,500,000 $1,508,363
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 2,642,507 $2,702,040
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 2,000,000 $2,065,167
Belden, Inc., 5.5%, 4/15/23 (144A) 300,000 $362,993
Belden, Inc., 5.5%, 9/1/22 (144A) 1,360,000 $1,409,867
Berkeley-Kane Flt% 12jun15 1,004,200 $1,056,318
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 200,000 $206,750
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 300,000 $310,550
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 292,369 $291,090
BioScrip, Inc., Initial Term B Loan, 7/31/20 487,281 $485,149
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 300,000 $325,766
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 750,000 $930,763
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 750,000 $757,172
Boardwalk Pipelines LP, 4.95%, 12/15/24 2,000,000 $2,046,915
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 400,857 $403,613
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 980,000 $967,138
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 345,000 $352,073
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 124,031 $125,213
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 787,223 $792,062
Brown Shoe Co, Inc., 7.125%, 5/15/19 750,000 $802,766
Buckeye Partners LP, 4.15%, 7/1/23 1,750,000 $1,764,454
Burger King Corp 1st Lien Tl-B L + 3.5% 25sep21 361,777 $366,590
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 1,150,000 $1,159,575
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 1,000,000 $1,039,899
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 330,000 $309,788
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 525,638 $523,732
Calpine Corp., Term Loan (10/12), 10/9/19 439,239 $442,106
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 750,000 $231,037
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 400,000 $363,632
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 500,000 $545,734
Capella Healthcare, Inc., 9.25%, 7/1/17 200,000 $212,167
Caraustar Industries, Inc., Term Loan, 5/1/19 200,338 $201,465
Cardtronics, Inc., 1.0%, 12/1/20 1,000,000 $1,001,667
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 1,000,000 $1,005,313
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 500,000 $463,684
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 1,665,000 $1,867,605
Catamaran Corp., 4.75%, 3/15/21 1,125,000 $1,238,703
CCO Holdings LLC, 5.75%, 9/1/23 475,000 $484,302
CCO Holdings LLC, 6.625%, 1/31/22 600,000 $649,048
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 2,500,000 $2,519,619
CenturyLink, Inc., 7.6%, 9/15/39 150,000 $151,457
CenturyLink, Inc., 7.65%, 3/15/42 1,300,000 $1,319,208
Cenveo Corp., 6.0%, 8/1/19 (144A) 1,210,000 $1,143,450
Cepheid, 1.25%, 2/1/21 545,000 $603,247
Cequel Communications LLC, Term Loan, 2/14/19 371,467 $373,490
Charter Communications Operating LLC, Term F Loan, 12/31/20 491,250 $490,905
Chiquita Brands International, Inc., 7.875%, 2/1/21 428,000 $476,016
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 450,000 $53,879
CHS, 2021 Term D Loan, 1/27/21 343,752 $346,223
CHS, 6.875%, 2/1/22 995,000 $1,073,045
CHS, 8.0%, 11/15/19 1,075,000 $1,179,156
Citadel Plastics Holdings Inc 1st Lien Tlb L + 4.25% 05nov20 366,083 $366,540
Citigroup, Inc., Floating Rate Note (Perpetual) 1,500,000 $1,530,871
Citigroup, Inc., Floating Rate Note (Perpetual) 63,000 $1,747,620
Citigroup, Inc., Floating Rate Note (Perpetual) 640,000 $647,226
Citigroup Capital XIII, Floating Rate Note, 10/30/40 41,110 $1,064,338
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 300,000 $311,685
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 300,000 $57,998
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 250,000 $245,013
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 350,000 $343,370
CityCenter Holdings LLC, Term B Loan, 10/16/20 227,316 $229,163
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 750,000 $786,042
Cme: (Cdx.Na.Hy.23.V3) Usd 20dec19 Z91mw60e6 -101,714,200 $-8,877,070
Cme: (Cdx.Na.Hy.24.V1) Usd 20jun20 Z91r5q076 -10,315,000 $-782,710
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 5,908,000 $447,709
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 650,000 $690,828
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 91,720 $91,891
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 1,200,000 $1,231,622
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 715,000 $684,340
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 220,000 $197,678
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 2,000,000 $2,052,200
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 100,000 $102,277
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 1,400,000 $1,403,640
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 1,400,000 $1,399,757
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 1,600,000 $1,701,292
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 400,000 $415,900
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 1,700,000 $1,868,760
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 104,470 $104,404
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 156,705 $156,802
Comstock Resources, Inc., 7.75%, 4/1/19 1,200,000 $585,070
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 786,323 $788,289
Constellation Brands, Inc., 3.75%, 5/1/21 470,000 $488,213
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 410,000 $379,891
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 250,000 $8,365
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 250,000 $52,646
ConvaTec, Inc., Dollar Term Loan, 12/22/16 92,917 $93,284
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 100,000 $109,717
Copano Energy LLC, 7.125%, 4/1/21 373,000 $399,039
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 700,000 $700,258
Corporate Office Properties LP, 3.6%, 5/15/23 155,000 $151,947
Corsicanto, Ltd., 3.5%, 1/15/32 750,000 $743,667
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/34 (144A) 9,809,888 $268,729
Coveris Holdings SA, USD Term Loan, 4/14/19 29,625 $29,860
Credit Agricole SA, Floating Rate Note, 12/31/64 (144A) 1,900,000 $1,933,165
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $103,607
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 1,749,811 $316,069
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,150,000 $1,159,145
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,400,000 $1,313,274
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 195,623 $181,929
Crown Americas Llc 1st Lien Tl-B L + 3.25% 20oct21 648,375 $653,235
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 650,503 $651,683
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 572,125 $570,337
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 645,125 $649,157
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 2,000,000 $2,006,087
CST Brands, Inc., 5.0%, 5/1/23 1,325,000 $1,397,875
Cummins, Inc., 5.65%, 3/1/98 350,000 $398,349
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 360,000 $5,556
CWGS Group LLC, Term Loan, 2/20/20 1,395,625 $1,413,202
Darling Ingredients, Inc., 5.375%, 1/15/22 1,060,000 $1,095,326
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 1,360,000 $1,404,493
DaVita HealthCare Partners, Inc., Tranche B Term Loan, 6/19/21 63,023 $63,325
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 113,538 $127,993
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 1,550,000 $1,210,550
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 1,300,000 $1,306,244
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 245,202 $235,803
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 171,063 $171,460
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 400,000 $419,389
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 900,000 $950,603
Denbury Resources, Inc., 4.625%, 7/15/23 910,000 $831,392
DigitalGlobe, Inc., Term Loan, 1/31/20 690,657 $692,984
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 400,000 $423,500
DPx Holdings BV, 7.5%, 2/1/22 (144A) 705,000 $752,588
DR Horton, Inc., 5.75%, 8/15/23 765,000 $839,311
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 707,622 $575,297
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 750,000 $690,796
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 1,658,357 $1,678,395
DuPont Fabros Technology LP, 5.875%, 9/15/21 1,000,000 $1,043,757
DynCorp International, Inc., Term Loan, 7/7/16 65,805 $65,614
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 302,308 $304,089
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 250,000 $260,925
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21 573,563 $579,298
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 1,000,000 $1,060,917
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 1,000,000 $1,014,300
Emdeon, Inc., Term B-2 Loan, 11/2/18 773,937 $777,807
Emergent Biosolutions, Inc., 2.875%, 1/15/21 670,000 $796,272
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 500,000 $471,854
Endo Finance LLC, 5.375%, 1/15/23 (144A) 875,000 $874,629
Enel Finance International NV, 5.125%, 10/7/19 (144A) 150,000 $167,628
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 1,190,000 $1,442,867
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 1,520,000 $739,733
Energy XXI, Ltd., 3.0%, 12/15/18 565,000 $216,160
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 1,235,000 $1,299,846
Ensco Plc, 5.75%, 10/1/44 3,950,000 $3,915,894
Entegris, Inc., 6.0%, 4/1/22 (144A) 1,000,000 $1,050,000
Envision Healthcare Corp., Initial Term Loan, 5/25/18 293,143 $295,128
EP Energy LLC, Tranche B-3 Loan, 5/24/18 176,667 $174,944
Epiq Systems, Inc., Term Loan, 8/27/20 589,902 $589,902
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 530,000 $530,120
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 300,000 $277,053
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19 348,250 $318,649
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 1,273,600 $1,270,303
ExGen Renewables I LLC, Term Loan, 2/5/21 1,026,327 $1,036,590
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 76,767 $76,959
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 300,000 $322,781
Fannie Mae, 0.5%, 12/15/33 1,265,000 $1,276,086
Fannie Mae, 3.5%, 5/1/44 6,475,000 $5,943,366
Fannie Mae, 4.0%, 5/1/44 1,445,896 $1,194,529
Fannie Mae, 4.0%, 9/1/43 528,373 $518,805
Fannie Mae, 4.5%, 9/1/39 2,945,000 $1,152,038
Fannie Mae, 4.5%, 9/1/40 2,868,485 $898,588
FCA US LLC, Tranche B Term Loan, 12/29/18 2,004,750 $2,009,545
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 399,000 $399,499
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 2,749,325 $877,044
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 175,000 $179,706
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 500,000 $527,656
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 246,869 $241,314
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 1,846,407 $1,444,813
Fifth Third Bancorp, Floating Rate Note (Perpetual) 14,900 $419,137
Firstar Realty LLC, 8.875% (Perpetual) (144A) 400 $506,250
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 500,000 $501,697
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 411,255 $391,378
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 1,000,000 $725,674
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 700,000 $725,976
Flextronics International, Ltd., 4.625%, 2/15/20 585,000 $617,037
Flextronics International, Ltd., 5.0%, 2/15/23 695,000 $747,511
Floatel 1st Lien Tl-B L + 5% 22may20 216,581 $163,519
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 1,070,000 $1,100,763
Fly Funding II Sarl, Loan, 8/8/18 715,577 $719,006
Fly Leasing, Ltd., 6.375%, 10/15/21 1,375,000 $1,385,771
FMG Resources August 2006 Pty, Ltd., 9.75%, 3/1/22 (144A) 700,000 $722,196
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 221,762 $200,864
Foresight Energy LLC, Term Loan, 8/21/20 249,073 $246,894
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 1,000,000 $988,170
Frontier Communications Corp., 6.25%, 9/15/21 200,000 $200,097
Frontier Communications Corp., 7.625%, 4/15/24 250,000 $255,535
Frontier Communications Corp., 8.75%, 4/15/22 500,000 $549,444
Frontier Communications Corp., 9.0%, 8/15/31 200,000 $214,300
GAHR Commericial Mortgage Trust 2015-NRF, Floating Rate Note, 12/15/19 (144A) 820,000 $784,197
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,000,000 $1,027,522
Gannett Co, Inc., 6.375%, 10/15/23 1,120,000 $1,215,573
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 52,145 $52,166
Garda World Security Corp., Term B Loan, 11/1/20 203,839 $203,924
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 381,492 $373,076
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 600,000 $555,289
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 2,500,000 $558,905
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 350,000 $352,993
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 950,000 $992,651
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 5,850,000 $249,909
Generac Power Systems, Inc., Term Loan B, 5/31/20 632,400 $633,520
General Cable Corp., 4.5%, 11/15/29 (Step) 1,342,000 $1,050,283
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 441,962 $441,041
Genpact International, Inc., Term Loan, 8/30/19 319,193 $320,510
Gibraltar Industries, Inc., 6.25%, 2/1/21 1,000,000 $1,030,625
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 1,500,000 $1,018,664
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 200,000 $205,085
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 21,188 $21,135
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 800,000 $154,407
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 1,671,000 $366,245
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 2,500,000 $677,823
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 509,814 $109,305
GMAC Capital Trust I, Floating Rate Note, 2/15/40 27,750 $729,270
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 570,000 $545,014
Golar LNG Partners LP, Floating Rate Note, 10/12/17 2,000,000 $275,879
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 250,000 $249,876
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 498,306 $500,746
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 404,858 $393,471
Griffon Corp., 5.25%, 3/1/22 1,375,000 $1,400,781
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 99,000 $99,439
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 525,000 $483,109
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 890,000 $900,434
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 1,000,000 $980,385
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 1,000,000 $1,011,402
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 700,000 $718,558
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 705,000 $704,072
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 $573,165
Gulfport Energy Corp., 7.75%, 11/1/20 1,190,000 $1,301,563
Halcon Resources Corp. 174,556 $260,088
Halcon Resources Corp., 8.875%, 5/15/21 300,000 $246,577
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 1,080,000 $1,142,400
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 434,647 $440,489
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 319,687 $322,285
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 105,000 $104,300
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 1,712,063 $1,721,736
Hexion, Inc., 8.875%, 2/1/18 700,000 $639,406
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 1,900,000 $1,876,335
HJ Heinz Co., Term B-2 Loan, 6/5/20 262,050 $262,656
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 400,000 $395,743
Hologic, Inc., Refinancing Tranche B Term Loan, 8/1/19 245,920 $247,015
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 250,000 $165,622
Houghton Mifflin Harcourt Publishers, Inc., Term Loan, 5/22/18 107,369 $107,101
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 250,000 $277,870
Iap Worldwide Services Inc 4 $2,786
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 28,547 $26,549
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 250,000 $217,743
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 200,000 $209,483
Immucor, Inc., 11.125%, 8/15/19 100,000 $109,849
Immucor, Inc., Term B-2 Loan, 8/19/18 440,365 $442,567
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 600,000 $614,942
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 214,995 $214,811
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 100,000 $108,128
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 1,000,000 $890,646
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 250,000 $260,573
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 289,851 $290,141
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 39,209 $39,521
InterGen NV, 7.0%, 6/30/23 (144A) 1,050,000 $1,035,329
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 400,000 $427,208
International Equipment Solutions LLC, Initial Loan, 8/16/19 230,492 $231,500
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 525,000 $621,721
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 1,350,000 $1,295,344
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 132,691 $132,801
Iron Mountain, Inc., 5.75%, 8/15/24 500,000 $523,594
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 700,000 $872,851
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 900,000 $991,406
j2 Global, Inc., 8.0%, 8/1/20 705,000 $775,500
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,000,000 $901,042
James River Coal Co., 7.875%, 4/1/19 250,000 $31,197
Jazz Pharmaceuticals, Inc., Tranche 2 Term Loan, 6/12/18 336,350 $338,411
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 500,000 $524,319
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 1,455,000 $1,414,078
JLL, Initial Dollar Term Loan, 1/23/21 446,625 $447,834
JMC Steel Group, Inc., Term Loan, 4/1/17 390,993 $390,826
JPMorgan Chase & Co., 1.0%, 9/20/17 250,000 $28,914
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 2,360,000 $2,617,653
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 1,400,000 $1,431,766
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 1,400,000 $1,410,760
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 1,725,000 $1,769,753
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 1,850,000 $1,858,403
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 1,100,000 $1,101,959
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 1,530,000 $1,531,002
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 7/25/35 0 $340
Kane Flt% 12jun15 1,100,000 $1,088,230
Kane Flt% 14jul15 713,104 $704,903
Kane Ilw Zero% 02feb16 1,050,000 $989,205
Kane-Pi4 Flt% 07jul16 1,503,871 $1,497,254
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 533,600 $535,521
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 294,350 $295,969
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,050,525 $1,055,988
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 550,600 $552,032
Kane Zero% 19feb16 1,200,000 $1,275,960
Kane Zero% 22jan16 1,200,000 $1,218,240
Kane Zero% 22jan16 500,000 $509,650
Kane Zero% 29apr16 2,100,000 $2,106,300
KB Home, 1.375%, 2/1/19 700,000 $670,031
KB Home, 7.0%, 12/15/21 500,000 $534,472
KB Home, 8.0%, 3/15/20 200,000 $223,044
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 405,000 $427,298
Key Energy Services, Inc., 6.75%, 3/1/21 355,000 $240,069
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $351,418
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 650,000 $658,228
Kindred Healthcare, Inc., 6.375%, 4/15/22 400,000 $413,133
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 488,819 $493,401
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 390,204 $393,456
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 1,500,000 $1,617,332
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 1,800,000 $812,447
Landry's, Inc., B Term Loan, 4/24/18 419,813 $422,332
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 600,000 $616,475
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 540,740 $525,870
Leaf Receivables Funding 10 LLC, 5.21%, 7/15/21 (144A) 750,000 $750,008
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 358,317 $363,639
Legacy Reserves LP, 6.625%, 12/1/21 1,300,000 $1,127,885
Legg Mason, Inc., 3.95%, 7/15/24 1,250,000 $1,305,814
Legg Mason, Inc., 5.625%, 1/15/44 500,000 $581,505
Lennar Corp., 4.5%, 6/15/19 675,000 $706,725
Level 3 Financing Inc 1st Lien Tl-B5 L + 3.5% 31jan22 1,000,000 $1,005,729
Liberty Tire Recycling Llc 3,071 $31
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 79,000 $76,983
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 421,580 $423,424
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 712,313 $706,080
LKQ Corp., 4.75%, 5/15/23 250,000 $251,726
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 2,500 $6,250
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 1,432,087 $1,447,687
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 500,000 $590,590
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 450,000 $367,303
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 1,105,000 $1,010,250
Masco Corp., 4.45%, 4/1/25 1,000,000 $1,037,074
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 1,100,000 $83,747
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 500,000 $96,457
May15 Vix C @ 14.500000 250 $41,875
May15 Vix C @ 15.000000 250 $36,250
May15 Vix C @ 16.000000 500 $56,250
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 1,876,250 $1,890,322
McKesson Corp., 4.883%, 3/15/44 1,500,000 $1,672,664
MDC Holdings, Inc., 5.5%, 1/15/24 890,000 $899,963
MedAssets, Inc., 8.0%, 11/15/18 175,000 $188,893
MedAssets, Inc., Term B Loan, 12/13/19 323,000 $323,404
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 1,090,000 $1,040,609
Memorial Production Partners LP, 7.625%, 5/1/21 770,000 $782,031
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 500,000 $498,311
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 1,200,000 $178,936
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 400,000 $363,630
MGM Resorts International, Term B Loan, 12/20/19 263,925 $264,420
MHP SA, 8.25%, 4/2/20 (144A) 500,000 $403,323
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 683,824 $687,914
Microsemi Corp., Term Loan (2014), 3/14/21 175,289 $176,074
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 25,000 $19,296
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 400,000 $406,836
Mirabela Nickel, Ltd. 906,049 $96,752
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 117,320 $92,926
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 914,119 $913,738
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 1,400,000 $1,438,638
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 2,000,000 $2,038,396
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 500,000 $491,511
MMM Holdings, Inc., MMM Term Loan, 12/12/17 24,833 $20,859
Monitronics International, Inc., Term B Loan (2013), 3/23/18 249,779 $250,622
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 1,750,000 $693,329
Morgan Stanley, 4.1%, 5/22/23 750,000 $782,925
Morgan Stanley, 4.875%, 11/1/22 250,000 $276,925
Morgan Stanley, Floating Rate Note (Perpetual) 18,000 $510,300
Morgan Stanley, Floating Rate Note (Perpetual) 66,200 $1,727,820
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 105,000 $6,056
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 1,800,000 $1,850,609
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 2,208,000 $325,934
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 3,432,000 $531,789
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 1,738,064 $1,746,909
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 100,000 $108,335
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 18,053 $15,165
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 247,500 $247,242
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 500,000 $521,625
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 1,360,000 $1,372,894
Nationstar Mortgage LLC, 6.5%, 6/1/22 720,000 $718,800
Nationstar Mortgage LLC, 6.5%, 7/1/21 725,000 $722,583
Navios Maritime Partners LP, Term Loan, 6/27/18 374,860 $377,672
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 600,000 $603,750
Navistar, Inc., Tranche B Term Loan, 8/17/17 120,000 $121,025
Navistar International Corp., 8.25%, 11/1/21 575,000 $592,250
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 750,000 $755,581
Navitas Equipment Receivables LLC 2015-1, 5.75%, 5/17/21 (144A) 710,500 $714,088
NBTY, Inc., Term B-2 Loan, 10/1/17 750,000 $747,188
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 600,000 $600,867
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 449,184 $448,809
NCR Corp., 6.375%, 12/15/23 1,160,000 $1,248,837
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 100,000 $105,099
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 398,000 $400,301
New World Resources NV, 4.0%, 10/7/20 (PIK) 67,741 $20,609
New World Resources NV, Floating Rate Note, 10/7/20 29,032 $5,223
New World Resources NV, Floating Rate Note, 10/7/20 38,709 $16,975
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 740,625 $732,293
Nn Inc 1st Lien Tl-B L + 5% 18jul21 1,362,500 $1,372,702
Norcraft Companies LP, Initial Loan, 11/12/20 197,500 $197,994
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 1,500,000 $1,515,864
NPC International, Inc., Term Loan, 12/28/18 560,467 $559,300
NRG Energy, Inc., 6.25%, 5/1/24 500,000 $526,875
NRG Energy, Inc., 7.625%, 1/15/18 900,000 $1,016,956
NRG Energy, Inc., 8.25%, 9/1/20 200,000 $213,750
NSG Holdings LLC, New Term Loan, 12/11/19 216,810 $217,081
Numericable-SFR SAS, 6.0%, 5/15/22 (144A) 850,000 $881,485
NuVasive, Inc., 2.75%, 7/1/17 622,000 $771,928
Oasis Petroleum, Inc., 6.875%, 3/15/22 18,000 $18,473
Ocwen Financial Corp., 6.625%, 5/15/19 (144A) 1,450,000 $1,389,170
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 706,520 $700,779
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 126,704 $84,258
Old HB, Inc., Term B Loan, 4/9/20 673,200 $688,347
On Assignment, Inc., Initial Term B Loan, 5/15/20 367,182 $367,794
ONEOK, Inc., 6.875%, 9/30/28 1,450,000 $1,662,048
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 200,000 $198,459
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 600,000 $260,277
ORES 2014-LV3 LLC, 6.0%, 3/27/24 1,000,000 $1,000,667
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 425,000 $442,006
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 700,000 $738,568
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 171,938 $172,367
Pacific Drilling SA, Term Loan, 6/3/18 205,927 $182,095
Pangaea Zero% 01jul18 2,000,000 $2,197,800
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 288,550 $218,757
PDL BioPharma, Inc., 4.0%, 2/1/18 593,000 $576,322
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 205,097 $205,354
Penn Virginia Corp., 6.0% (Perpetual) (144A) 14,300 $908,765
Penn Virginia Corp., 7.25%, 4/15/19 600,000 $562,933
Penn Virginia Corp., 8.5%, 5/1/20 430,000 $437,525
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 425,000 $466,426
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 142,000 $155,714
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 1,080,649 $1,097,535
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 172,960 $173,298
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 481,000 $526,401
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 232,502 $233,956
Post Holdings, Inc., 2.5% (Perpetual) (144A) 11,800 $1,105,513
Post Holdings, Inc., 7.375%, 2/15/22 550,000 $579,188
PPL Capital Funding, Inc., 5.9%, 4/30/73 25,000 $628,250
PQ Corp., 2014 Term Loan, 8/7/17 684,250 $685,405
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 220,375 $221,449
Prestige Brands, Inc., Term B-2 Loan, 8/18/21 902,778 $908,891
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 $444,638
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21 329,489 $332,010
Protection One, Inc., Term Loan (2012), 3/21/19 494,915 $497,695
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 1,000,000 $978,000
Prudential Financial, Inc., Floating Rate Note, 9/15/42 1,500,000 $1,638,760
Quebecor Media, Inc., 5.75%, 1/15/23 825,000 $869,733
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 234,902 $233,727
QVC, Inc., 4.45%, 2/15/25 1,500,000 $1,518,011
Qwest Corp., 7.375%, 6/1/51 4,400 $115,368
Radio Systems Corp., 8.375%, 11/1/19 (144A) 600,000 $672,375
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 550,000 $522,110
RASC Series 2003-KS5 Trust, 4.96%, 7/25/33 (Step) 400,000 $250,147
RCMC LLC, 5.62346%, 12/17/18 (144A) 250,000 $119,265
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 344,030 $345,105
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 1,940,000 $1,941,798
Rent-A-Center, Inc., 6.625%, 11/15/20 930,000 $946,692
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $611,647
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 1,250,000 $1,275,000
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $819,840
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $536,628
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 6,760,000 $1,103,357
Resolute Forest Products, Inc., 5.875%, 5/15/23 1,110,000 $1,099,833
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 425,000 $459,496
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 330,000 $358,536
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 1,000,000 $244,558
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 1,880,000 $1,875,470
Rosetta Resources, Inc., 5.625%, 5/1/21 515,000 $530,128
Rosetta Resources, Inc., 5.875%, 6/1/22 665,000 $679,616
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 202,743 $203,820
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 1,075,000 $1,121,785
Rural, Term Loan, 6/30/18 86,695 $77,592
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 1,000,000 $1,036,893
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 865,000 $903,733
Salix Pharmaceuticals, Ltd., 6.25%, 1/15/21 (144A) 491,000 $566,542
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,000,000 $993,117
Sanders Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 500,000 $499,500
SandRidge Energy, Inc. 14,179 $26,798
SandRidge Energy, Inc., 7.0% (Perpetual) 7,500 $285,000
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 2,000,000 $-134,002
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 475,000 $479,649
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 800,000 $777,556
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 1,620,938 $1,639,285
Seadrill Operating LP, Initial Term Loan, 2/14/21 839,375 $689,206
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 1,100,000 $1,145,561
Seagate HDD Cayman, 4.75%, 6/1/23 885,000 $945,974
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 $17,456
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 500,000 $519,850
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 1,205 $1,525
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 250,000 $219,125
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 492,995 $485,600
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 20,527 $20,591
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 294,750 $294,811
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 242,434 $242,283
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 282,750 $284,458
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 945,250 $949,976
Ship Midco, Ltd., Facility B2A-II, 11/29/19 78,745 $79,631
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 750,000 $180,302
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 1,200,000 $1,204,034
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 $856,800
Si Organization Inc 1st Lien Dd L + 0% 19nov19 14,052 $14,166
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 210,871 $212,585
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 585,000 $627,546
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 830,000 $822,801
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 245,603 $247,368
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 450,000 $464,583
SolarCity Corp., 1.625%, 11/1/19 (144A) 1,345,000 $1,329,229
Sotheby's, 5.25%, 10/1/22 (144A) 1,135,000 $1,137,128
Southern California Edison Co., Floating Rate Note (Perpetual) 75,000 $85,627
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 800,000 $772,889
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 500,000 $501,110
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 200,000 $206,822
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 250,000 $259,039
Springs Industries, Inc., 6.25%, 6/1/21 400,000 $405,917
Sprint Corp., 7.125%, 6/15/24 1,225,000 $1,210,504
Sprint Corp., 7.25%, 9/15/21 1,000,000 $1,013,014
SRAM LLC, Term Loan (First Lien), 4/10/20 641,868 $642,938
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 950,000 $948,522
Standard Pacific Corp., 6.25%, 12/15/21 1,000,000 $1,088,611
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 930,000 $954,897
Steward Health Care System LLC, Term Loan, 4/10/20 491,250 $490,329
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 200,000 $199,228
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 3,319,800 $110,743
SUAM Finance BV, 4.875%, 4/17/24 (144A) 500,000 $525,448
Summit Midstream Holdings LLC, 7.5%, 7/1/21 1,030,000 $1,096,950
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 1,500,000 $1,484,768
SunPower Corp., 0.875%, 6/1/21 (144A) 2,000,000 $2,036,042
Swift Energy Co., 7.875%, 3/1/22 1,285,000 $614,391
Swift Transportation Co LLC, Tranche B Loan, 6/9/21 168,282 $169,281
Syncreon Group BV, Term Loan, 9/26/20 694,724 $673,882
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 239,957 $233,208
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 484,761 $471,127
Talos Production LLC, 9.75%, 2/15/18 (144A) 420,000 $369,845
Tank Holding Corp., Initial Term Loan, 7/9/19 655,214 $660,672
Targa Resources Partners LP, 4.25%, 11/15/23 555,000 $552,001
Targus Group International, Inc., Term Loan, 5/24/16 304 $252
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 100,000 $70,739
Tata Chemicals North America, Inc., Term Loan, 8/7/20 245,625 $245,779
Taylor Morrison Communities, Inc., 5.875%, 4/15/23 1,000,000 $1,022,448
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 603,043 $604,802
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 100,046 $100,562
Tenet Healthcare Corp., 4.375%, 10/1/21 1,480,000 $1,483,083
Tenet Healthcare Corp., 4.5%, 4/1/21 265,000 $265,000
Terex Corp., U.S. Term Loan, 8/13/21 110,501 $110,819
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 300,000 $374,209
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 225,000 $283,890
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 1,200,000 $1,212,203
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 750,000 $855,516
The Ryland Group, Inc., 0.25%, 6/1/19 1,000,000 $943,542
The Ryland Group, Inc., 5.375%, 10/1/22 95,000 $97,088
The Williams Companies, Inc., 5.75%, 6/24/44 2,000,000 $1,922,119
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 100,000 $91,611
TIG FINCO Plc, 8.75%, 4/2/20 202,103 $312,338
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 126,457 $126,852
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 30,000 $31,054
T-Mobile USA, Inc., 6.0%, 3/1/23 400,000 $411,620
T-Mobile USA, Inc., 6.542%, 4/28/20 490,000 $525,207
T-Mobile USA, Inc., 6.625%, 4/1/23 1,500,000 $1,565,581
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,035,000 $751,266
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 869,469 $873,272
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 805,000 $888,413
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 325,000 $316,757
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 300,000 $310,760
Tribune Media Co., Initial Term Loan, 11/20/20 500,000 $503,125
Trust F, 5.25%, 12/15/24 (144A) 200,000 $215,967
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 989,899 $993,599
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 543,125 $545,332
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 400,000 $400,122
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 16,600,000 $16,511,080
UBS AG, 7.625%, 8/17/22 1,050,000 $1,278,262
Unifrax I LLC, 7.5%, 2/15/19 (144A) 630,000 $658,875
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 317,100 $317,100
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 300,000 $302,346
United Airlines, Inc., Class B Term Loan, 4/1/19 245,000 $245,919
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 150,000 $151,977
Univar, Inc., Term B Loan, 6/30/17 265,133 $266,541
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 612,563 $614,039
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 525,937 $526,792
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 400,000 $412,901
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 200,000 $212,131
US Bancorp, Floating Rate Note (Perpetual) 8,803 $237,681
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 740,111 $745,200
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 298,478 $299,742
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 728,520 $731,393
Vantiv LLC, Term B Loan, 6/12/21 327,113 $329,154
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 750,000 $745,681
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 368,872 $370,256
VeriSign, Inc., 4.625%, 5/1/23 335,000 $342,579
Verizon Communications, Inc., 4.15%, 3/15/24 2,500,000 $2,658,747
Verizon Communications, Inc., 5.012%, 8/21/54 576,000 $574,383
Verizon Communications, Inc., 6.55%, 9/15/43 576,000 $725,521
Vers 2015-A Zero% 31dec17 2,000,000 $2,061,600
Vertafore, Inc., Term Loan (2013), 10/3/19 94,831 $95,281
Viasystems, Inc., 7.875%, 5/1/19 (144A) 950,000 $1,037,281
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 200,000 $200,501
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 675,299 $676,650
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 500,000 $471,888
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 250,000 $254,281
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 250,000 $254,396
Voya Financial, Inc., Floating Rate Note, 5/15/53 615,000 $660,235
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 300,000 $275,785
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 1,600,000 $1,623,242
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 304,000 $310,808
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 1,500,000 $1,543,615
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 1,813,000 $1,917,672
Wastequip LLC, Term Loan, 8/9/19 481,567 $481,366
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 1,089,132 $1,100,690
WCA Waste Corp., Term Loan, 3/23/18 690,677 $688,087
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 400,000 $426,775
Weatherford International, Ltd. Bermuda, 5.95%, 4/15/42 2,000,000 $1,828,307
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,815,000 $1,972,023
Wells Fargo & Co., 7.5% (Perpetual) 1,050 $1,279,688
Wells Fargo & Co., Floating Rate Note (Perpetual) 1,150,000 $1,240,267
Wells Fargo Commercial Mortgage Trust 2010-C1, 4.0%, 11/18/43 (144A) 0 $333
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 1,500,000 $1,486,299
Wendy's International LLC, Term B Loan, 5/15/19 745,047 $749,005
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 165,030 $165,683
West Corp., Term B-10 Loan, 6/30/18 366,334 $367,479
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 1,000,000 $238,188
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 800,000 $654,266
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 50,000 $54,504
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 200,000 $198,194
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 1,910,920 $1,941,160
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 84,291 $85,625
Windstream Services LLC, 7.5%, 6/1/22 1,305,000 $1,283,794
WireCo WorldGroup, Inc., Term Loan, 2/15/17 46,094 $46,209
World Kitchen LLC, U.S. Term Loan, 3/4/19 185,571 $186,962
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 172,350 $172,781
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 478,953 $480,150
Xerium Technologies, Inc., 8.875%, 6/15/18 798,000 $854,680
ZIGGO BV, (USD) TLB3, 1/15/22 587,872 $589,179
Ziggo Bv Us 1st Lien Tl-B1 L + 2.75% 15jan22 554,681 $555,913
Ziggo Bv Us 1st Lien Tl-B2 L + 2.75% 15jan22 357,447 $358,241

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