Pioneer Dynamic Credit Fund

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

Security Name Par / Shares Market Value
14112z Zero% 01feb19 2,000,000 $2,027,600
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 350,000 $351,531
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 139,000 $139,706
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 $491,568
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 918,063 $895,111
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 687,677 $644,410
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 1,400,000 $1,390,475
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 1,200,000 $1,335,767
Advanced Micro Devices, Inc., 6.75%, 3/1/19 595,000 $581,984
Advanced Micro Devices, Inc., 7.0%, 7/1/24 500,000 $439,167
Advanced Micro Devices, Inc., 7.5%, 8/15/22 445,000 $435,358
Advantage Sales & Marketing Inc 1st Lien Dd L + 3.25% 21jul21 0 $0
Advantage Sales & Marketing Inc 1st Lien Tl-B L + 3.25% 11jul21 0 $0
AECOM, 5.75%, 10/15/22 (144A) 635,000 $676,032
AECOM, 5.875%, 10/15/24 (144A) 635,000 $674,699
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 223,875 $224,715
AEP Industries, Inc., 8.25%, 4/15/19 485,000 $501,631
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 208,000 $186,753
AES Corp. Virginia, 4.875%, 5/15/23 995,000 $980,365
Affiliated Managers Group, Inc., 4.25%, 2/15/24 915,000 $1,011,533
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 964,079 $903,824
Agrokor dd, 8.875%, 2/1/20 (144A) 75,000 $84,475
AgStar Financial Services ACA, Floating Rate Note (Perpetual) (144A) 1,500 $1,552,875
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 500,000 $496,965
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 500,000 $519,693
Aircastle, Ltd., 6.25%, 12/1/19 600,000 $654,146
Air Medical Group Holdings, Inc., B-1 Term Loan, 6/30/18 247,919 $248,617
Akorn, Inc., Loan, 11/13/20 691,853 $690,700
Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A) 340,000 $346,970
Albea Beauty Holdings SA, 8.375%, 11/1/19 (144A) 255,000 $274,364
Albertsons LLC, Term B-2 Loan, 3/21/19 894,254 $893,509
Alkermes, Inc., 2019 Term Loan, 9/25/19 687,943 $681,924
Allegion US Holding Co, Inc., 5.75%, 10/1/21 930,000 $994,325
Alliance One International, Inc., 9.875%, 7/15/21 800,000 $671,511
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 489,793 $482,906
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 556,073 $554,277
Ally Financial, Inc., 7.0% (Perpetual) (144A) 1,600 $1,608,050
Altice Financing SA, 6.5%, 1/15/22 (144A) 1,800,000 $1,841,200
Altisource Solutions Sarl, Term B Loan, 12/9/20 1,135,199 $879,779
Altrl Zero% 30jun16 2,501,147 $1,780,817
Altrl Zero% 30jun17 600,000 $602,880
American Airlines, Inc., Class B Term Loan, 6/27/19 344,750 $342,990
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 1,550,000 $1,621,930
American Airlines Inc 1st Lien Tl-B L + 3.5% 08oct21 175,000 $175,620
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 470,000 $365,228
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 990,000 $657,938
Amgen, Inc., 5.375%, 5/15/43 2,500,000 $3,101,318
Amkor Technology, Inc., 6.375%, 10/1/22 285,000 $288,919
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 1,705,000 $1,715,893
Amsurg Corp., 5.625%, 7/15/22 (144A) 1,545,000 $1,601,006
Anthem, Inc., 2.75%, 10/15/42 300,000 $550,117
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 400,000 $362,000
Apex Tool Group LLC, Term Loan, 1/31/20 638,994 $619,026
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 220,946 $219,703
Approach Resources, Inc., 7.0%, 6/15/21 1,520,000 $1,237,196
Appvion, Inc., Term Commitment, 6/28/19 985,000 $964,684
Aquarius + Investments Plc for Swiss Reinsurance Co, Ltd., Floating Rate Note, 9/1/24 1,500,000 $1,625,215
Arcelik AS, 5.0%, 4/3/23 (144A) 400,000 $394,500
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 678,498 $683,431
Arlington Flt% 01aug15 600,000 $655,800
Armacell International GmbH, Term Loan B (First Lien), 7/2/20 495,000 $492,525
Arysta Lifescience SPC LLC, Initial Term Loan (First Lien), 5/29/20 0 $0
Aspen Insurance Holdings, Ltd., Floating Rate Note (Perpetual) 25,000 $630,750
AT&T, Inc., 3.9%, 3/11/24 3,500,000 $3,768,018
ATKORE INTERNATIONAL INC, Term Loan (First Lien), 3/27/21 0 $0
Atlantic Power LP, Term Loan, 2/20/21 1,474,789 $1,471,102
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 250,000 $255,719
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 595,500 $575,402
Audio Visual Services Corp., Initial Term Loan (First Lien), 1/24/21 114,138 $113,709
Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A) 400,000 $322,875
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 298,500 $298,340
Avg Technologies Nv 1st Lien Tl-B L + 4.75% 07oct20 1,250,000 $1,234,375
Avis Budget Car Rental LLC, 5.5%, 4/1/23 1,220,000 $1,266,767
Avis Budget Finance Plc, 6.0%, 3/1/21 (144A) 150,000 $183,748
Axiall Corp., 4.875%, 5/15/23 1,405,000 $1,384,335
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 1,100,000 $1,116,077
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 (144A) 250,000 $254,469
Az Chem Us Inc 1st Lien Tl-B L + 3.5% 09jun21 614,697 $603,248
B&G Foods, Inc., 4.625%, 6/1/21 400,000 $401,083
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 1,250,000 $1,284,537
Banc of America Merrill Lynch Commercial Mortgage, Inc. REMICS, Floating Rate Note, 9/10/47 (144A) 160,000 $142,985
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 212,565 $71,490
Banco Santander SA, Floating Rate Note (Perpetual) 800,000 $794,058
Bank of America Corp., 6.11%, 1/29/37 625,000 $771,216
Bank of America Corp., 7.75%, 5/14/38 200,000 $295,137
Bank of America Corp., Floating Rate Note, 10/23/49 500,000 $532,441
Bank of America Corp., Floating Rate Note, 9/29/49 1,000,000 $1,047,957
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,150,000 $1,162,355
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 4,900,000 $435,792
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 7,450,000 $1,114,272
Bayview Commercial Asset Trust 2005-2, Floating Rate Note, 8/25/35 (144A) 1,400,000 $299,608
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 1,288,834 $64,078
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, Floating Rate Note, 8/28/44 (144A) 460,000 $396,289
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 1,750,000 $1,662,828
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 500,000 $281,550
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 23,000,000 $145,205
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 500,000 $527,753
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $100,495
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 1,500,000 $1,509,756
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 2,642,507 $2,706,723
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 2,000,000 $2,072,396
Belden, Inc., 5.5%, 4/15/23 (144A) 300,000 $360,385
Belden, Inc., 5.5%, 9/1/22 (144A) 1,360,000 $1,384,367
Berkeley-Kane Flt% 12jun15 1,004,200 $1,042,259
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 200,000 $197,688
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 300,000 $296,861
Big Heart Pet Brands, Initial Term Loan, 2/24/20 313,930 $303,266
BioScrip, Inc., 8.875%, 2/15/21 (144A) 1,050,000 $966,970
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 292,369 $292,125
BioScrip, Inc., Initial Term B Loan, 7/31/20 487,281 $486,875
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 300,000 $338,055
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 750,000 $1,008,408
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 650,000 $660,904
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 750,000 $761,461
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 400,857 $392,673
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 980,000 $853,410
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 345,000 $315,632
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 124,031 $123,934
Bosphorus Re, Ltd., Floating Rate Note, 5/3/16 (Cat Bond) (144A) 250,000 $250,764
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 789,237 $783,071
Brit Insurance Holdings BV, Floating Rate Note, 12/9/30 850,000 $1,318,005
Brocade Communications Systems, Inc., 4.625%, 1/15/23 1,415,000 $1,378,996
Brown Shoe Co, Inc., 7.125%, 5/15/19 750,000 $790,344
Buckeye Partners LP, 4.15%, 7/1/23 1,750,000 $1,757,286
Burger King Corp 1st Lien Tl-B L + 3.5% 25sep21 365,000 $365,827
Bway Holding Co 1st Lien Tl-B L + 4.5% 08aug20 398,000 $398,166
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 1,150,000 $1,144,122
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 1,000,000 $1,053,899
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 330,000 $286,275
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 526,975 $511,693
Calpine Corp., Term Loan (10/12), 10/9/19 440,365 $436,197
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 750,000 $480,039
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 400,000 $402,054
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 500,000 $562,444
Capella Healthcare, Inc., 9.25%, 7/1/17 200,000 $210,042
Caraustar Industries, Inc., Term Loan, 5/1/19 202,871 $197,799
Cardtronics, Inc., 1.0%, 12/1/20 1,000,000 $939,792
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 1,000,000 $1,001,052
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 500,000 $461,275
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 2,115,000 $2,599,451
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 650,000 $652,167
Catamaran Corp., 4.75%, 3/15/21 1,125,000 $1,160,375
CCO Holdings LLC, 5.75%, 9/1/23 475,000 $492,318
CCO Holdings LLC, 6.625%, 1/31/22 600,000 $654,375
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 2,500,000 $2,523,894
CenturyLink, Inc., 7.6%, 9/15/39 150,000 $155,807
CenturyLink, Inc., 7.65%, 3/15/42 1,300,000 $1,350,570
Cenveo Corp., 6.0%, 8/1/19 (144A) 1,210,000 $1,182,775
Cepheid, 1.25%, 2/1/21 (144A) 545,000 $602,566
Cequel Communications LLC, Term Loan, 2/14/19 372,447 $369,214
Charter Communications 1st Lien Tl-B L + 3.5% 12aug21 390,000 $392,144
Charter Communications Operating LLC, Term F Loan, 12/31/20 492,500 $485,420
Chiquita Brands International, Inc., 7.875%, 2/1/21 428,000 $484,831
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 450,000 $60,265
CHS, 2021 Term D Loan, 1/27/21 344,622 $344,891
CHS, 6.875%, 2/1/22 1,495,000 $1,639,268
CHS, 8.0%, 11/15/19 1,075,000 $1,163,031
Ciena Corp., 0.875%, 6/15/17 132,000 $130,494
Cincinnati Bell, Inc., 8.375%, 10/15/20 1,105,000 $1,189,571
Citadel Plastics Holdings Inc 1st Lien Tlb L + 4.25% 05nov20 367,000 $364,706
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 189,000 $170,286
Citigroup, Inc., Floating Rate Note (Perpetual) 1,500,000 $1,538,933
Citigroup, Inc., Floating Rate Note (Perpetual) 640,000 $658,240
Citigroup, Inc., Floating Rate Note (Perpetual) 63,000 $1,707,300
Citigroup Capital XIII, Floating Rate Note, 10/30/40 49,090 $1,298,431
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 300,000 $313,589
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 300,000 $60,343
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 250,000 $252,353
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 350,000 $349,810
CityCenter Holdings LLC, Term B Loan, 10/16/20 227,316 $226,407
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 750,000 $790,260
Cme: (Cdx.Na.Hy.23.V1) Usd 20dec19 Z91mw60e6 -103,790,000 $-6,415,390
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 5,908,000 $473,352
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 650,000 $702,813
CNO Financial Group, Inc., Tranche B-2 Term Loan, 9/28/18 91,970 $91,251
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 1,200,000 $1,233,910
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 715,000 $681,827
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 220,000 $191,777
CoBank ACB, Floating Rate Note (Perpetual) (144A) 5,000 $515,625
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 2,000,000 $2,042,148
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 100,000 $104,566
COMM 2012-CCRE4 Mortgage Trust, Floating Rate Note, 10/17/45 (144A) 303,000 $311,547
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 1,400,000 $1,403,976
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 1,400,000 $1,395,917
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 1,600,000 $1,695,728
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 400,000 $420,275
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 1,700,000 $1,819,588
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 104,735 $104,255
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 157,102 $157,051
CommScope Holding Co, Inc., 6.625%, 6/1/20 (144A) (PIK) 1,150,000 $1,171,323
Comstock Resources, Inc., 7.75%, 4/1/19 1,200,000 $643,000
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 788,347 $787,198
Conseco Financial Corp., 6.18%, 4/1/30 2,201,000 $221,261
Constellation Brands, Inc., 3.75%, 5/1/21 470,000 $479,106
Constellation Brands, Inc., 4.25%, 5/1/23 485,000 $502,278
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 475,000 $399,297
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 250,000 $8,289
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 250,000 $52,330
ConvaTec, Inc., Dollar Term Loan, 12/22/16 92,917 $92,917
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 100,000 $106,852
Copano Energy LLC, 7.125%, 4/1/21 373,000 $414,948
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 700,000 $709,133
Corporate Office Properties LP, 3.6%, 5/15/23 155,000 $154,862
Corsicanto, Ltd., 3.5%, 1/15/32 1,250,000 $739,444
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/34 (144A) 9,809,888 $272,972
Covanta Holding Corp., 5.875%, 3/1/24 1,130,000 $1,190,149
Coveris Holdings SA, USD Term Loan, 4/14/19 29,700 $29,669
Credit Agricole SA, Floating Rate Note, 12/31/64 (144A) 1,900,000 $1,877,662
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $103,828
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 1,749,811 $332,632
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,150,000 $1,166,052
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,400,000 $1,278,439
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 196,123 $191,710
Crown Americas Llc 1st Lien Tl-B L + 3.25% 20oct21 650,000 $654,525
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 652,150 $642,653
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 573,563 $564,959
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 646,750 $640,121
CSM Bakery Solutions LLC, Term Loan (First Lien), 7/3/20 862,378 $846,208
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 2,000,000 $2,007,399
CST Brands, Inc., 5.0%, 5/1/23 1,325,000 $1,361,438
Cummins, Inc., 5.65%, 3/1/98 350,000 $444,932
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 360,000 $10,700
CWGS Group LLC, Term Loan, 2/20/20 1,413,750 $1,408,448
Darling Ingredients, Inc., 5.375%, 1/15/22 1,060,000 $1,059,882
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 1,360,000 $1,400,906
Davita Healthcare Partners Inc 1st Lien Tl-B L + 2.75% 19jun21 63,182 $62,984
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 113,538 $129,915
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 1,550,000 $1,443,631
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 1,300,000 $1,303,505
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 497,494 $463,291
Del Monte Foods, Inc., Initial Loan (Second Lien), 5/26/21 590,000 $510,350
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 171,500 $169,973
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 400,000 $417,054
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 900,000 $945,225
Denbury Resources, Inc., 4.625%, 7/15/23 910,000 $777,646
DigitalGlobe, Inc., Term Loan, 1/31/20 692,419 $690,359
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 400,000 $408,750
Dole Food Co, Inc., Tranche B Term Loan, 10/25/18 0 $0
DR Horton, Inc., 5.75%, 8/15/23 1,265,000 $1,393,415
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 985,000 $767,808
DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A) 1,265,000 $1,199,642
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 750,000 $710,796
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 1,662,513 $1,665,630
Duff & Phelps Corp., Initial Term Loan, 4/23/20 0 $0
DuPont Fabros Technology LP, 5.875%, 9/15/21 1,000,000 $1,059,694
DynCorp International, Inc., 10.375%, 7/1/17 150,000 $136,297
DynCorp International, Inc., Term Loan, 7/7/16 65,805 $65,504
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 303,077 $300,472
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 250,000 $267,125
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21 575,000 $572,125
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 1,500,000 $1,575,438
Elior Finance & Co SCA, 6.5%, 5/1/20 (144A) 900,000 $731,609
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 250,000 $254,262
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 1,000,000 $1,015,464
Emdeon, Inc., Term B-2 Loan, 11/2/18 775,912 $764,758
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 1,470,000 $1,689,622
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 500,000 $381,256
Endo Finance LLC, 5.375%, 1/15/23 (144A) 875,000 $863,965
Enel Finance International NV, 5.125%, 10/7/19 (144A) 150,000 $171,001
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 1,190,000 $1,446,585
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 1,520,000 $511,733
Energy XXI, Ltd., 3.0%, 12/15/18 1,665,000 $509,978
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 1,360,000 $631,833
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 1,235,000 $1,286,909
Ensco Plc, 5.75%, 10/1/44 3,950,000 $4,114,419
Entegris, Inc., 6.0%, 4/1/22 (144A) 1,300,000 $1,339,000
Envision Healthcare Corp., Initial Term Loan, 5/25/18 293,905 $292,803
EP Energy LLC, Tranche B-3 Loan, 5/24/18 176,667 $165,183
Epiq Systems, Inc., Term Loan, 8/27/20 592,500 $588,797
EQTY 2014-INNS Mortgage Trust, Floating Rate Note, 5/8/31 (144A) 530,000 $532,496
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 300,000 $295,458
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19 349,125 $340,397
EV Energy Partners LP, 8.0%, 4/15/19 0 $15,900
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 1,276,800 $1,241,156
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 $76,511
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A) 300,000 $326,813
Fannie Mae, 0.5%, 12/15/33 1,265,000 $1,212,046
Fannie Mae, 3.5%, 5/1/44 6,475,000 $6,550,646
Fannie Mae, 4.0%, 5/1/44 1,445,896 $1,386,526
Fannie Mae, 4.0%, 9/1/43 528,373 $532,234
Fannie Mae, 4.5%, 9/1/39 2,945,000 $1,245,396
Fannie Mae, 4.5%, 9/1/40 2,868,485 $901,048
Far East Capital, Ltd. SA, 8.0%, 5/2/18 (144A) 350,000 $129,422
FCA US LLC, Tranche B Term Loan, 12/29/18 2,009,813 $2,001,020
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 404,250 $405,513
Feb15 Vix C @ 17.000000 650 $292,500
Feb15 Vix C @ 19.000000 500 $165,000
Feb15 Vix C @ 20.000000 500 $141,250
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 2,749,325 $929,261
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 175,000 $181,411
Ferrexpo Finance Plc, 7.875%, 4/7/16 (144A) 300,000 $232,481
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 500,000 $541,875
Fidelity National Financial, Inc., 5.5%, 9/1/22 250,000 $282,437
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 247,495 $228,237
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 1,846,407 $1,131,847
Fifth Third Bancorp, Floating Rate Note (Perpetual) 14,900 $410,793
Firstar Realty LLC, 8.875% (Perpetual) (144A) 400 $501,250
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 500,000 $491,407
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 412,291 $393,223
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 1,000,000 $796,040
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 700,000 $717,980
Flextronics International, Ltd., 4.625%, 2/15/20 585,000 $619,413
Flextronics International, Ltd., 5.0%, 2/15/23 695,000 $738,824
Floatel 1st Lien Tl-B L + 5% 22may20 667,128 $504,794
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 1,070,000 $1,074,681
Fly Funding II Sarl, Loan, 8/8/18 725,118 $723,533
Fly Leasing, Ltd., 6.375%, 10/15/21 1,375,000 $1,375,988
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 293,655 $260,042
Foresight Energy LLC, Term Loan, 8/21/20 249,073 $240,356
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 1,000,000 $992,321
Frontier Communications Corp., 6.25%, 9/15/21 200,000 $210,653
Frontier Communications Corp., 7.625%, 4/15/24 250,000 $269,988
Frontier Communications Corp., 8.75%, 4/15/22 500,000 $580,382
Frontier Communications Corp., 9.0%, 8/15/31 200,000 $224,300
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,000,000 $1,034,122
Gannett Co, Inc., 6.375%, 10/15/23 1,120,000 $1,213,823
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 52,277 $51,068
Garda World Security Corp., Term B Loan, 11/1/20 204,356 $199,630
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 642,494 $601,936
Gates Global Llc 1st Lien Tl-B L + 3.25% 12jun21 623,438 $610,635
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 600,000 $539,923
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 2,500,000 $616,130
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 350,000 $354,167
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 950,000 $976,620
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 5,850,000 $259,144
Generac Power Systems, Inc., Term Loan B, 5/31/20 662,400 $648,937
General Cable Corp., 4.5%, 11/15/29 (Step) 1,342,000 $860,725
General Electric Capital Corp., Floating Rate Note (Perpetual) 1,500,000 $1,759,281
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 443,087 $441,702
Genpact International, Inc., Term Loan, 8/30/19 320,006 $318,506
Gentiva Health Services, Inc., 11.5%, 9/1/18 60,000 $66,475
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 1,113,440 $1,114,658
Gestamp Funding Luxembourg SA, 5.625%, 5/31/20 (144A) 1,215,000 $1,238,541
Gibraltar Industries, Inc., 6.25%, 2/1/21 1,000,000 $1,051,250
Gibson Energy, Inc., 6.75%, 7/15/21 (144A) 2,005,000 $2,028,559
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 1,500,000 $1,177,129
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 200,000 $194,460
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 26,230 $26,099
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 800,000 $173,635
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 1,671,000 $395,514
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 509,814 $115,061
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 (144A) 2,500,000 $714,841
GMAC Capital Trust I, Floating Rate Note, 2/15/40 27,750 $729,825
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 570,000 $542,841
Golar LNG Partners LP, Floating Rate Note, 10/12/17 2,000,000 $262,215
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 500,000 $500,453
Government National Mortgage Association, Floating Rate Note, 3/16/53 350,000 $22,114
Government National Mortgage Association REMICS, Floating Rate Note, 11/16/54 3,400,000 $312,826
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 498,306 $492,700
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 902,606 $855,219
Griffon Corp., 5.25%, 3/1/22 1,875,000 $1,841,016
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 99,250 $98,235
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 525,000 $494,488
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 1,000,000 $989,274
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 700,000 $722,094
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 1,000,000 $1,008,542
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 705,000 $702,185
GTP Acquisition Partners I LLC, 7.628%, 6/15/41 (144A) 500,000 $524,733
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 540,000 $564,390
Guggenheim Partners Investment Management Holdings LLC, Initial Term Loan, 7/22/20 0 $0
Gulfport Energy Corp., 7.75%, 11/1/20 1,190,000 $1,204,131
Halcon Resources Corp., 8.875%, 5/15/21 595,000 $406,823
Halyard Health, Inc., 6.25%, 10/15/22 (144A) 1,080,000 $1,121,100
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 500,000 $501,875
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 321,750 $321,901
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 105,000 $102,040
Hearthside Group Holdings Llc 1st Lien Tl L + 3.5% 24apr21 248,750 $248,128
Heckler & Koch GmbH, 9.5%, 5/15/18 (144A) 100,000 $85,393
Henniges Automotive Holdings Inc 1st Lien Tl-B L + 5% 11jun21 1,716,375 $1,724,957
Hexion US Finance Corp., 8.875%, 2/1/18 1,200,000 $1,082,250
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 1,900,000 $1,873,998
HJ Heinz Co., Term B-2 Loan, 6/5/20 342,038 $341,958
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 400,000 $412,674
Hologic, Inc., Refinancing Tranche B Term Loan, 8/1/19 247,026 $246,761
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 250,000 $169,760
Houghton Mifflin Harcourt Publishing Co., Term Loan, 5/22/18 145,875 $145,328
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 250,000 $283,641
Iap Worldwide Services Inc 4 $2,750
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 28,619 $25,471
IASIS Healthcare LLC, Term B-2 Loan, 5/3/18 192,570 $192,490
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 250,000 $224,975
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 200,000 $204,108
Immucor, Inc., 11.125%, 8/15/19 100,000 $112,630
Immucor, Inc., Term B-2 Loan, 8/19/18 441,491 $438,916
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 600,000 $586,254
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 215,550 $210,722
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 100,000 $107,722
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 1,000,000 $851,911
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 250,000 $265,729
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 289,851 $287,074
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 39,307 $39,246
InterGen NV, 7.0%, 6/30/23 (144A) 1,050,000 $987,875
Interline Brands, Inc., Term Loan (First Lien), 3/12/21 248,125 $243,163
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 400,000 $419,083
International Equipment Solutions LLC, Initial Loan, 8/16/19 652,239 $653,055
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 525,000 $644,100
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 1,350,000 $1,355,672
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 132,691 $131,530
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 700,000 $854,023
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 900,000 $959,484
j2 Global, Inc., 8.0%, 8/1/20 705,000 $789,600
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,000,000 $1,047,917
James River Coal Co., 7.875%, 4/1/19 250,000 $26,563
Jazz Pharmaceuticals, Inc., Tranche 2 Term Loan, 6/12/18 337,202 $336,956
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 500,000 $552,500
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 1,600,000 $1,626,822
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 1,455,000 $1,226,747
JLL, 7.5%, 2/1/22 (144A) 705,000 $740,250
JLL, Initial Dollar Term Loan, 1/23/21 447,750 $437,228
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 620,000 $532,373
JMC Steel Group, Inc., Term Loan, 4/1/17 392,009 $385,884
JPMorgan Chase & Co., 1.0%, 9/20/17 250,000 $30,620
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 2,360,000 $2,604,111
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 1,400,000 $1,443,898
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 1,400,000 $1,404,174
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 1,725,000 $1,771,169
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 1,850,000 $1,846,745
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 1,100,000 $1,101,517
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 1,530,000 $1,534,632
JP Morgan Mortgage Trust 2005-A7, Floating Rate Note, 7/25/35 2,900,000 $153,858
Kane Flt% 12jun15 1,100,000 $1,054,240
Kane Flt% 14jul15 713,104 $695,633
Kane Flt% 30jul16 805,000 $878,738
Kane Ilw Zero% 02feb16 1,050,000 $966,840
Kane-Pi4 Flt% 07jul16 1,503,871 $1,496,953
Kane-Pi4 Zero% 18jul16 1,505,000 $1,696,436
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 550,600 $550,765
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 294,350 $294,556
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,050,525 $1,051,576
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 533,600 $533,867
Kane Zero% 19feb16 1,200,000 $1,218,480
Kane Zero% 22jan16 1,200,000 $1,206,360
Kane Zero% 22jan16 500,000 $503,800
Kane Zero% 22jan17 2,100,000 $2,137,800
KB Home, 1.375%, 2/1/19 700,000 $655,813
KB Home, 7.0%, 12/15/21 500,000 $504,472
KB Home, 8.0%, 3/15/20 200,000 $215,794
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 405,000 $407,379
Kenya Government International Bond, 6.875%, 6/24/24 (144A) 314,000 $328,454
Key Energy Services, Inc., 6.75%, 3/1/21 355,000 $222,984
KGHM International, Ltd., 7.75%, 6/15/19 (144A) 325,000 $336,343
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $354,603
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 650,000 $664,403
Kindred Healthcare, Inc., 6.375%, 4/15/22 400,000 $392,508
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 490,050 $483,924
Kindred Healthcare Inc Bridge L + 6% 09oct15 3,440,000 $3,440,000
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 391,192 $387,559
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 2,240,000 $2,800,777
Kleopatra Acquisition Corp., Term B-1 Loan, 12/21/16 180,532 $180,532
Kronos, Inc., Incremental Term Loan (First Lien), 10/30/19 0 $0
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 1,800,000 $835,102
Landry's, Inc., B Term Loan, 4/24/18 431,781 $430,881
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 600,000 $582,350
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 542,136 $510,963
LBC Tank Terminals Holding Netherlands BV, 6.875%, 5/15/23 (144A) 220,000 $225,393
LB-UBS Commercial Mortgage Trust 2005-C2, Floating Rate Note, 4/15/40 1,000,000 $1,008,019
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 358,317 $364,385
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 1,300,000 $1,028,354
Legg Mason, Inc., 3.95%, 7/15/24 1,250,000 $1,319,789
Legg Mason, Inc., 5.625%, 1/15/44 500,000 $614,583
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-3, Floating Rate Note, 12/25/36 (144A) 3,184,259 $687,241
Lennar Corp., 4.5%, 6/15/19 1,175,000 $1,193,506
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 100,000 $83,667
Linn Energy LLC, 6.25%, 11/1/19 900,000 $700,313
Linn Energy LLC, 6.5%, 5/15/19 800,000 $632,978
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 422,650 $418,952
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 714,125 $692,701
LKQ Corp., 4.75%, 5/15/23 250,000 $245,632
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 2,500 $286,500
MacDermid, Inc., Tranche B Term Loan (First Lien), 6/7/20 1,435,731 $1,434,611
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 500,000 $602,608
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 450,000 $398,803
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 1,105,000 $966,395
Marfrig Holding Europe BV, 8.375%, 5/9/18 (144A) 200,000 $192,215
Marfrig Overseas, Ltd., 9.5%, 5/4/20 (144A) 100,000 $95,644
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 1,100,000 $109,288
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 500,000 $99,757
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 1,881,000 $1,882,567
McKesson Corp., 4.883%, 3/15/44 1,500,000 $1,802,029
MDC Holdings, Inc., 5.5%, 1/15/24 890,000 $860,986
MedAssets, Inc., 8.0%, 11/15/18 175,000 $184,737
MedAssets, Inc., Term B Loan, 12/13/19 330,801 $329,660
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 1,090,000 $966,883
Memorial Production Partners LP, 7.625%, 5/1/21 770,000 $705,753
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 500,000 $500,361
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 1,200,000 $183,463
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 400,000 $309,348
Metinvest BV, 8.75%, 2/14/18 (144A) 700,000 $343,413
MGM Resorts International, Term B Loan, 12/20/19 264,600 $260,896
MHP SA, 8.25%, 4/2/20 (144A) 500,000 $321,199
Michaels Stores, Inc., Term B Loan, 1/28/20 0 $0
Michaels Stores Inc 1st Lien Tl-B2 L + 3% 28jan20 0 $0
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 775,000 $753,446
Microsemi Corp., Term Loan (2014), 3/14/21 175,289 $173,799
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 25,000 $19,822
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 650,000 $377,542
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 800,000 $426,333
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 100,000 $32,399
Milacron LLC, Term Loan, 3/28/20 0 $0
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 400,000 $400,500
Mirabela Nickel, Ltd. 922,916 $20,824
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 117,320 $96,005
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 916,433 $906,314
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 1,400,000 $1,435,064
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 2,000,000 $2,027,234
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 500,000 $443,519
MMM Holdings, Inc., MMM Term Loan, 12/12/17 25,608 $24,839
Monitronics International, Inc., 9.125%, 4/1/20 785,000 $753,927
Monitronics International, Inc., Term B Loan (2013), 3/23/18 555,684 $554,063
Monty Parent Issuer 1 LLC, 3.47%, 11/20/28 (144A) 1,750,000 $68,974
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 1,750,000 $723,880
Morgan Stanley, 4.1%, 5/22/23 750,000 $782,042
Morgan Stanley, 4.875%, 11/1/22 250,000 $274,764
Morgan Stanley, Floating Rate Note (Perpetual) 18,000 $503,100
Morgan Stanley, Floating Rate Note (Perpetual) 96,200 $2,492,542
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 105,000 $10,710
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 1,500,000 $1,554,522
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 2,208,000 $343,210
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 3,432,000 $559,872
Motel 6 Trust, 4.2743%, 10/7/25 (144A) 1,327,000 $1,315,444
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 1,755,588 $1,755,431
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 100,000 $111,053
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 18,617 $18,431
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 248,125 $242,852
Murphy Oil USA, Inc., 6.0%, 8/15/23 1,000,000 $1,085,167
Murray Energy Corp., 8.625%, 6/15/21 (144A) 650,000 $627,914
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 250,000 $262,567
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 250,000 $253,338
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 500,000 $534,175
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,025,000 $938,786
National Financial Partners 1st Lien Tl-B L + 3.5% 01jul20 0 $0
Nations Equipment Finance Funding II LLC, 5.227%, 9/20/19 (144A) 1,499,000 $1,440,299
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 1,360,000 $1,391,186
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,220,000 $1,062,417
Nationstar Mortgage LLC, 6.5%, 7/1/21 1,225,000 $1,066,260
Navios Maritime Partners LP, Term Loan, 6/27/18 395,000 $391,544
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 600,000 $583,875
Navistar, Inc., Tranche B Term Loan, 8/17/17 120,000 $120,075
Navistar International Corp., 8.25%, 11/1/21 1,075,000 $1,071,641
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 750,000 $758,308
NBTY, Inc., Term B-2 Loan, 10/1/17 750,000 $729,492
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 600,000 $589,606
NCI Building Systems, Inc., Tranche B Term Loan, 6/24/19 492,483 $489,405
NCR Corp., 5.0%, 7/15/22 685,000 $672,822
NCR Corp., 6.375%, 12/15/23 1,160,000 $1,221,649
Neenah Paper, Inc., 5.25%, 5/15/21 (144A) 274,000 $277,695
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 0 $0
NEP, Amendment No. 3 Incremental Term Loan (First Lien), 1/22/20 0 $0
Neuberger Berman Group LLC, 5.625%, 3/15/20 (144A) 100,000 $106,500
NeuStar, Inc., 4.5%, 1/15/23 675,000 $591,975
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 399,000 $394,711
New Residential Advance Receivables Trust Advance Receivables Backed 2014-VF1, 3.6491%, 3/15/45 1,000,000 $1,000,988
New World Resources NV, 4.0%, 10/7/20 (PIK) 67,741 $31,421
New World Resources NV, Floating Rate Note, 10/7/20 38,709 $17,048
New World Resources NV, Floating Rate Note, 10/7/20 29,032 $5,246
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 742,500 $710,016
Nn Inc 1st Lien Tl-B L + 5% 18jul21 1,380,000 $1,378,275
Norcraft Companies LP, Initial Loan, 11/12/20 198,000 $197,753
Nordion 1st Lien Tl-B L + 3.5% 30jul21 0 $0
NorthStar 2012-1 Mortgage Trust, Floating Rate Note, 8/27/29 (144A) 300,000 $301,190
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 1,500,000 $1,522,108
NPC International, Inc., Term Loan, 12/28/18 561,912 $550,674
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 1,075,000 $1,089,109
NRG Energy, Inc., 6.25%, 7/15/22 675,000 $695,438
NRG Energy, Inc., 7.625%, 1/15/18 900,000 $985,175
NRG Energy, Inc., 8.25%, 9/1/20 200,000 $218,875
NSG Holdings LLC, New Term Loan, 12/11/19 217,360 $215,730
Numericable-SFR, 6.0%, 5/15/22 (144A) 850,000 $892,982
NuVasive, Inc., 2.75%, 7/1/17 622,000 $781,647
OAS Finance, Ltd., 8.0%, 7/2/21 (144A) 860,000 $147,872
OAS Investments GmbH, 8.25%, 10/19/19 (144A) 800,000 $118,700
Oasis Petroleum, Inc., 6.875%, 3/15/22 500,000 $473,299
Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A) 1,960,000 $1,321,367
Ocwen Financial Corp., 6.625%, 5/15/19 (144A) 1,450,000 $1,144,030
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 762,669 $715,860
Offshore Group Investment, Ltd., 7.5%, 11/1/19 90,000 $60,188
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 127,027 $80,980
Old HB, Inc., Term B Loan, 4/9/20 674,900 $689,242
On Assignment, Inc., Initial Term B Loan, 5/15/20 367,182 $363,739
ONEOK, Inc., 6.875%, 9/30/28 1,450,000 $1,746,980
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 200,000 $202,907
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 600,000 $284,992
ORES 2014-LV3 LLC, 6.0%, 3/27/24 1,000,000 $999,811
Outerwall, Inc., 5.875%, 6/15/21 (144A) 1,485,000 $1,392,198
Outerwall, Inc., 6.0%, 3/15/19 435,000 $436,160
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 425,000 $445,467
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 700,000 $727,631
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 172,375 $172,590
Pacific Drilling SA, Term Loan, 6/3/18 374,313 $290,404
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 272,000 $283,900
Pangaea Zero% 01jul18 2,000,000 $2,146,000
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 289,275 $223,465
Par Pharmaceutical Companies, Inc., Term B-2 Loan, 9/28/19 0 $0
PDL BioPharma, Inc., 4.0%, 2/1/18 593,000 $577,063
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 205,615 $204,459
Penn Virginia Corp., 6.0% (Perpetual) (144A) 14,300 $841,913
Penn Virginia Corp., 7.25%, 4/15/19 600,000 $507,808
Penn Virginia Corp., 8.5%, 5/1/20 430,000 $366,038
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 425,000 $459,519
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 142,000 $152,208
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 1,088,836 $1,092,919
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 172,960 $169,123
Pioneer Energy Services Corp., 6.125%, 3/15/22 500,000 $360,319
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 481,000 $517,984
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 232,502 $228,143
Post Holdings, Inc., 2.5% (Perpetual) (144A) 11,800 $1,094,450
Post Holdings, Inc., 7.375%, 2/15/22 550,000 $578,329
PPL Capital Funding, Inc., 5.9%, 4/30/73 25,000 $637,500
PQ Corp., 2014 Term Loan, 8/7/17 686,000 $676,396
Prestige Brands, Inc., Term B-1 Loan, 1/31/19 258,464 $258,626
Prestige Brands, Inc., Term B-2 Loan, 8/18/21 944,444 $946,097
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 265,000 $274,533
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 500,000 $510,042
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 1,250,000 $1,262,569
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 443,216 $444,324
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21 330,315 $331,141
Protection One, Inc., Term Loan (2012), 3/21/19 496,186 $492,465
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 1,425,000 $1,373,166
Prudential Financial, Inc., Floating Rate Note, 9/15/42 1,500,000 $1,627,042
Quebecor Media, Inc., 5.75%, 1/15/23 825,000 $855,811
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 235,498 $228,875
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 750,000 $760,075
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 1,000,000 $1,016,244
Quikrete Holdings, Inc., Initial Loan (First Lien), 9/26/20 0 $0
Qwest Corp., 7.375%, 6/1/51 4,400 $117,524
Radio Systems Corp., 8.375%, 11/1/19 (144A) 600,000 $657,563
Rain CII Carbon LLC, 8.25%, 1/15/21 (144A) 1,050,000 $1,045,975
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step) 400,000 $257,131
RCMC LLC, 5.62346%, 12/17/18 (144A) 250,000 $125,327
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 344,896 $343,172
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 1,940,000 $1,970,881
ReneSola, Ltd., 4.125%, 3/15/18 (144A) 150,000 $84,838
Renfro Corp., Tranche B Term Loan, 1/30/19 382,891 $369,011
Rent-A-Center, Inc., 6.625%, 11/15/20 930,000 $905,807
Republic of Ghana, 7.875%, 8/7/23 (144A) 1,100,000 $1,004,128
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $619,095
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 1,250,000 $1,293,750
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $827,800
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $547,400
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/19 (Cat Bond) (144A) 250,000 $262,353
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 6,760,000 $1,124,518
Resolute Forest Products, Inc., 5.875%, 5/15/23 1,110,000 $1,073,817
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 425,000 $448,074
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 330,000 $365,651
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 1,000,000 $277,772
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 2,380,000 $2,314,021
Rosetta Resources, Inc., 5.625%, 5/1/21 515,000 $492,630
Rosetta Resources, Inc., 5.875%, 6/1/22 665,000 $631,611
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 203,254 $199,443
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 1,075,000 $1,093,010
RTI International Metals, Inc., 1.625%, 10/15/19 385,000 $357,245
Rural, Term Loan, 6/30/18 86,479 $81,938
Russian Agricultural Bank OJSC Via RSHB Capital SA, 8.5%, 10/16/23 (144A) 435,000 $302,136
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 1,645,000 $1,693,322
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 865,000 $854,255
Salix Pharmaceuticals, Ltd., 6.0%, 1/15/21 (144A) 755,000 $806,088
Salix Pharmaceuticals, Ltd., Term Loan, 12/17/19 166,250 $165,765
Samson Investment Co., Tranche 1 Term Loan (Second Lien), 9/25/18 178,082 $112,370
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,000,000 $1,001,019
SandRidge Energy, Inc., 7.0% (Perpetual) 7,500 $310,313
SandRidge Energy, Inc., 7.5%, 2/15/23 700,000 $493,208
SBP HOLDINGS, Ltd., Term Loan (First Lien), 3/24/21 447,750 $394,020
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 2,000,000 $-257,850
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 475,000 $477,375
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 800,000 $749,556
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 1,625,000 $1,607,734
Seadrill Operating LP, Initial Term Loan, 2/14/21 841,500 $669,782
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 1,100,000 $1,168,073
Seagate HDD Cayman, 4.75%, 6/1/23 885,000 $951,189
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 $60,489
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 500,000 $506,250
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 272 $6,929
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 700,000 $826,910
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 250,000 $242,756
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 494,246 $488,994
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 21,259 $21,100
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 295,500 $287,620
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 243,064 $238,203
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 290,000 $288,731
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 947,625 $942,295
Ship Midco, Ltd., Facility B2A-II, 11/29/19 98,939 $98,881
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 750,000 $199,464
Signode Industrial Group Us Inc 1st Lien Tl-B L + 3% 21mar21 0 $0
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 1,200,000 $1,176,436
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 400,000 $55,080
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 800,000 $813,760
Si Organization Inc 1st Lien Dd L + 0% 19nov19 14,052 $14,034
Si Organization Inc 1st Lien Tl L + 4.75% 19nov19 211,402 $211,138
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 1,335,000 $1,401,757
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 830,000 $786,229
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 246,231 $246,590
SM Energy Co., 5.0%, 1/15/24 455,000 $409,374
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 450,000 $467,613
SolarCity Corp., 1.625%, 11/1/19 (144A) 1,345,000 $1,172,452
Sotheby's, 5.25%, 10/1/22 (144A) 1,135,000 $1,098,113
Southern California Edison Co., Floating Rate Note (Perpetual) 75,000 $85,875
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 800,000 $784,889
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 500,000 $505,325
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 200,000 $207,104
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 250,000 $259,274
Springs Industries, Inc., 6.25%, 6/1/21 400,000 $388,167
Sprint Corp., 7.125%, 6/15/24 1,225,000 $1,202,465
SRAM LLC, Term Loan (First Lien), 4/10/20 653,188 $641,349
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 950,000 $950,303
Standard Pacific Corp., 6.25%, 12/15/21 1,000,000 $1,027,986
Star West Generation LLC, Term B Advance, 3/13/20 231,667 $228,481
Steel Dynamics, Inc., 5.125%, 10/1/21 (144A) 930,000 $969,725
Steward Health Care System LLC, Term Loan, 4/10/20 492,500 $488,191
Stone Energy Corp., 7.5%, 11/15/22 150,000 $132,875
StoneMor Partners LP, 7.875%, 6/1/21 375,000 $391,172
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 200,000 $202,372
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 7/25/34 406,549 $62,732
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 3,319,800 $111,351
SUAM Finance BV, 4.875%, 4/17/24 (144A) 500,000 $514,347
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 2,500,000 $2,474,753
SunPower Corp., 0.875%, 6/1/21 (144A) 2,000,000 $1,750,417
Surgical Care Affiliates LLC, Class C Incremental Term Loan, 6/29/18 0 $0
Swift Energy Co., 7.875%, 3/1/22 1,635,000 $629,986
Swift Transportation Co Llc 1st Lien Tl-B L + 3% 09jun21 168,707 $168,426
Syncreon Group BV, Term Loan, 9/26/20 696,482 $689,518
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 239,957 $232,558
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 484,761 $469,814
Talos Production LLC, 9.75%, 2/15/18 (144A) 420,000 $380,083
Tank Holding Corp., Initial Term Loan, 7/9/19 660,961 $649,945
Targa Resources Partners LP, 4.25%, 11/15/23 555,000 $523,905
Targus Group International, Inc., Term Loan, 5/24/16 4 $3
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 100,000 $66,390
Tata Chemicals North America, Inc., Term Loan, 8/7/20 246,250 $243,172
Telenet Finance III Luxembourg SCA, 6.625%, 2/15/21 (144A) 200,000 $247,565
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 604,581 $600,047
Templar Energy Llc Tl-B L + 7.5% 25nov20 0 $0
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 102,147 $100,871
Tenet Healthcare Corp., 4.375%, 10/1/21 1,480,000 $1,483,546
Tenet Healthcare Corp., 4.5%, 4/1/21 265,000 $271,625
Terex Corp., U.S. Term Loan, 8/13/21 110,779 $110,225
The Geo Group, Inc., 5.875%, 10/15/24 2,935,000 $3,083,401
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 300,000 $382,121
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 225,000 $300,518
The Hanover Insurance Group, Inc., 6.35%, 3/30/53 40,000 $1,007,600
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 1,150,000 $1,309,804
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 1,200,000 $1,210,534
Theravance, Inc., 2.125%, 1/15/23 500,000 $347,660
The Ryland Group, Inc., 0.25%, 6/1/19 1,000,000 $919,167
The Ryland Group, Inc., 5.375%, 10/1/22 95,000 $93,852
The Williams Companies, Inc., 7.75%, 6/15/31 100,000 $113,073
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 100,000 $96,350
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 126,775 $126,399
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 30,000 $31,543
T-Mobile USA, Inc., 6.0%, 3/1/23 400,000 $418,733
T-Mobile USA, Inc., 6.542%, 4/28/20 490,000 $507,878
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,035,000 $819,835
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 923,632 $911,509
Towergate Finance Plc, 8.5%, 2/15/18 (144A) 340,000 $471,404
TransDigm, Inc., Tranche C Term Loan, 2/28/20 0 $0
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 805,000 $875,583
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 325,000 $315,427
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 300,000 $294,473
Tribune Media Co., Initial Term Loan, 11/20/20 500,000 $494,063
Trust F, 5.25%, 12/15/24 (144A) 400,000 $424,025
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 992,424 $962,652
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 544,500 $541,431
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 400,000 $395,825
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 16,600,000 $16,725,400
UBS AG, 7.625%, 8/17/22 1,050,000 $1,289,791
Ukraine Government International Bond, 7.5%, 4/17/23 (144A) 200,000 $104,196
Ultra Petroleum Corp., 5.75%, 12/15/18 (144A) 680,000 $627,196
Unifrax I LLC, 7.5%, 2/15/19 (144A) 630,000 $648,638
Unifrax I LLC, New Term B Dollar Loan, 11/28/18 317,900 $315,384
Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A) 300,000 $298,557
United Airlines, Inc., Class B Term Loan, 4/1/19 245,625 $243,885
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 150,000 $152,216
United Continental Holdings, Inc., 6.0%, 7/15/26 1,475,000 $1,436,527
Univar, Inc., Term B Loan, 6/30/17 265,824 $257,384
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 515,669 $508,659
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 612,563 $606,514
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 525,937 $523,308
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 400,000 $406,154
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 200,000 $205,516
US Bancorp, Floating Rate Note (Perpetual) 3,540 $104,713
US Bancorp, Floating Rate Note (Perpetual) 13,407 $364,134
USI, Inc. New York, Initial Term Loan 2013, 12/30/19 196,019 $193,323
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 741,990 $733,643
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 298,478 $296,892
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 728,520 $724,675
Vantiv LLC, Term B Loan, 6/12/21 328,075 $326,363
Vedanta Resources Plc, 6.0%, 1/31/19 (144A) 1,450,000 $1,311,767
Vedanta Resources Plc, 8.25%, 6/7/21 (144A) 80,000 $76,174
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 750,000 $738,752
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 368,872 $367,581
VeriSign, Inc., 4.625%, 5/1/23 335,000 $336,780
Verizon Communications, Inc., 4.15%, 3/15/24 2,500,000 $2,729,784
Verizon Communications, Inc., 5.012%, 8/21/54 (144A) 576,000 $647,584
Verizon Communications, Inc., 6.55%, 9/15/43 576,000 $792,337
Vers 2015-A Zero% 31dec17 2,000,000 $2,015,600
Vertafore, Inc., Term Loan (2013), 10/3/19 94,831 $94,356
Viasystems, Inc., 7.875%, 5/1/19 (144A) 950,000 $1,022,141
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 740,000 $828,821
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 200,000 $172,470
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 790,000 $779,446
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 500,000 $526,663
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 250,000 $253,531
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 250,000 $250,146
VOLT XXIII LLC, 4.75%, 11/25/53 (Step) 2,000,000 $1,993,767
VOLT XXII LLC, 4.75%, 10/27/53 (Step) 2,500,000 $2,491,197
VOLT XXIV LLC, 4.75%, 11/25/53 (Step) 1,000,000 $996,616
Voya Financial, Inc., Floating Rate Note, 5/15/53 615,000 $625,411
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 300,000 $202,523
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 1,600,000 $1,631,167
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 304,000 $311,565
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 1,500,000 $1,551,026
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 1,813,000 $1,895,645
Wastequip LLC, Term Loan, 8/9/19 492,500 $490,653
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 1,094,500 $1,092,448
WCA Waste Corp., Term Loan, 3/23/18 692,457 $683,801
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 400,000 $419,084
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,815,000 $1,905,095
Wells Fargo & Co., 7.5% (Perpetual) 1,050 $1,305,150
Wells Fargo & Co., Floating Rate Note, 12/29/49 750,000 $776,279
Wells Fargo & Co., Floating Rate Note (Perpetual) 400,000 $451,059
Wells Fargo Commercial Mortgage Trust 2010-C1, 4.0%, 11/18/43 (144A) 100,000 $90,256
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 1,500,000 $1,478,869
Wendy's International LLC, Term B Loan, 5/15/19 746,942 $744,141
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 165,030 $164,824
West Corp., Term B-10 Loan, 6/30/18 366,334 $362,499
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 1,000,000 $299,028
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 800,000 $708,949
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 50,000 $55,130
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 200,000 $199,289
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 1,915,709 $1,929,479
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 84,291 $84,897
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 165,000 $182,047
Windstream Corp., 7.5%, 6/1/22 1,305,000 $1,318,050
Windstream Corp., Tranche B-4 Term Loan, 1/23/20 196,491 $195,116
WireCo WorldGroup, Inc., Term Loan, 2/15/17 48,412 $48,503
WMG Acquisition Corp., Tranche B Refinancing Term Loan, 7/1/20 0 $0
World Kitchen LLC, U.S. Term Loan, 3/4/19 186,063 $185,598
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 172,782 $172,539
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 480,163 $479,487
Xerium Technologies, Inc., 8.875%, 6/15/18 798,000 $842,960
Zebra Technologies Corp., 7.25%, 10/15/22 (144A) 1,105,000 $1,208,701
ZIGGO BV, (USD) TLB3, 1/15/22 587,872 $573,858
Ziggo Bv 1st Lien Tl-B1 L + 2.75% 15jan22 554,681 $541,458
Ziggo Bv 1st Lien Tl-B2 L + 2.75% 15jan22 357,447 $348,926

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

For fund descriptions, historical and current performance, standardized returns as of the most recent quarter-end, risk disclosure or a prospectus, please click here.

Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus. You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.