Pioneer Dynamic Credit Fund

Top 10 Portfolio Holdings as of 5/29/2015
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 $252,825
A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A) 350,000 $351,070
A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A) 139,000 $139,450
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 1,129,903 $1,073,031
ACCELLENT INC, Initial Term Loan (First Lien), 2/21/21 915,750 $912,888
Accudyne Industries Borrower SCA, Refinancing Term Loan, 12/13/19 687,677 $668,981
Acgl Zero% 01jul16 700,000 $712,810
ACRE Commercial Mortgage Trust 2014-FL2, Floating Rate Note, 8/15/31 (144A) 1,400,000 $1,390,619
Advanced Micro Devices, Inc., 6.75%, 3/1/19 220,000 $199,746
Advanced Micro Devices, Inc., 7.5%, 8/15/22 445,000 $401,334
AECOM, 5.75%, 10/15/22 (144A) 635,000 $661,789
AECOM, 5.875%, 10/15/24 (144A) 635,000 $665,063
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 223,313 $218,846
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A) 208,000 $176,494
Affiliated Managers Group, Inc., 4.25%, 2/15/24 915,000 $974,459
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 961,651 $930,597
Agrokor dd, 8.875%, 2/1/20 (144A) 75,000 $84,364
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 500,000 $484,757
Air Canada 2013-1 Class C Pass Through Trust, 6.625%, 5/15/18 (144A) 500,000 $527,630
Aircastle, Ltd., 6.25%, 12/1/19 600,000 $679,396
Akorn, Inc., Loan, 11/13/20 690,119 $693,993
Albertsons LLC, Term B-2 Loan, 3/21/19 894,254 $900,178
Alkermes, Inc., 2019 Term Loan, 9/25/19 686,184 $687,470
Allegion US Holding Co, Inc., 5.75%, 10/1/21 930,000 $982,939
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 850,000 $848,672
Alliance One International, Inc., 9.875%, 7/15/21 800,000 $725,625
Alliant Holdings I LLC, Initial Term Loan, 12/20/19 488,540 $491,695
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 554,669 $558,205
Ally Financial, Inc., 4.625%, 5/19/22 250,000 $250,353
Ally Financial, Inc., 7.0% (Perpetual) (144A) 800 $812,000
Altisource Solutions Sarl, Term B Loan, 12/9/20 1,132,347 $1,024,774
Altrl Zero% 30jun16 2,501,147 $1,451,666
Altrl Zero% 30jun17 1,000,000 $1,024,700
American Airlines 1st Lien Tl-B L + 2.75% 27jun20 343,875 $344,305
American Airlines 2014-1 Class B Pass Through Trust, 4.375%, 10/1/22 1,550,000 $1,529,811
American Airlines Inc 1st Lien Tl-B L + 3% 10oct21 175,000 $175,788
Amgen, Inc., 5.375%, 5/15/43 2,500,000 $2,761,626
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 1,205,000 $1,235,627
Amsurg Corp., 5.625%, 7/15/22 545,000 $569,440
Apex Tool Group LLC, Term Loan, 1/31/20 637,368 $627,808
Applied Systems, Inc., Initial Term Loan (First Lien), 1/15/21 214,171 $214,997
Approach Resources, Inc., 7.0%, 6/15/21 1,000,000 $957,083
Appvion, Inc., Term Commitment, 6/28/19 982,500 $916,591
Arcelik AS, 5.0%, 4/3/23 (144A) 400,000 $387,499
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 678,498 $750,270
Arlington Flt% 01aug15 600,000 $683,100
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 $642,750
AT&T, Inc., 3.9%, 3/11/24 2,000,000 $2,079,490
Atlantic Power LP, Term Loan, 2/20/21 1,416,712 $1,423,796
Atlas IX Capital, Ltd., Floating Rate Note, 1/17/19 (Cat Bond) (144A) 250,000 $255,245
Atrium Innovations, Inc., Initial Tranche B-1 Term Loan (First Lien), 1/29/21 594,000 $577,665
Avago Technologies Ltd 1st Lien Tl-B L + 3% 16apr21 259,055 $259,894
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 $1,386,779
Axis Equipment Finance Receivables III LLC, 5.27%, 5/20/20 (144A) 500,000 $499,730
AXIS Equipment Finance Receivables II LLC, 4.94%, 7/20/18 (144A) 1,100,000 $1,130,786
AXIS Equipment Finance Receivables II LLC, 6.41%, 10/22/18 (144A) 250,000 $254,519
B&G Foods, Inc., 4.625%, 6/1/21 400,000 $408,699
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 1,250,000 $1,305,598
Banc of America Mortgage Trust 2004-2, 5.5%, 3/25/34 212,565 $56,563
Banco Santander SA, Floating Rate Note (Perpetual) 800,000 $798,998
Bank of America Corp., 6.11%, 1/29/37 400,000 $474,020
Bank of America Corp., Floating Rate Note, 10/23/49 800,000 $851,344
Bank of America Corp., Floating Rate Note, 9/29/49 925,000 $955,994
Bankrate, Inc., 6.125%, 8/15/18 (144A) 1,150,000 $1,147,544
Bayview Commercial Asset Trust 2004-1, Floating Rate Note, 4/25/34 (144A) 4,900,000 $400,697
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 7,450,000 $1,043,878
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/37 (Step) 1,288,834 $46,212
Bayview Opportunity Master Fund IIa Trust 2014-20NPL, 3.475%, 8/28/44 (Step) (144A) 460,000 $342,994
Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A) 1,750,000 $1,516,492
Bayview Opportunity Master Fund Trust IIIa 2014-12RPL, 3.6225%, 7/28/19 (Step) (144A) 500,000 $249,957
Bear Stearns ALT-A Trust 2003-3, Floating Rate Note, 10/25/33 23,000,000 $143,384
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A) 500,000 $523,954
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41 100,000 $100,423
Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42 1,600,000 $1,607,879
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 2,642,507 $2,696,297
Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16, Floating Rate Note, 6/11/40 2,000,000 $2,076,104
Belden, Inc., 5.5%, 4/15/23 300,000 $349,528
Belden, Inc., 5.5%, 9/1/22 (144A) 1,360,000 $1,412,492
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 200,000 $206,406
Beverage Packaging Holdings Luxembourg II SA, 6.0%, 6/15/17 (144A) 300,000 $311,250
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 292,369 $290,541
BioScrip, Inc., Initial Term B Loan, 7/31/20 487,281 $484,236
Blackstone Holdings Finance Co LLC, 5.0%, 6/15/44 (144A) 300,000 $316,866
Blackstone Holdings Finance Co LLC, 6.25%, 8/15/42 (144A) 750,000 $921,766
Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A) 750,000 $749,089
Boardwalk Pipelines LP, 4.95%, 12/15/24 2,000,000 $2,065,196
Bombardier Recreational Products, Inc., Term B Loan, 1/30/19 400,857 $401,442
Bonanza Creek Energy, Inc., 5.75%, 2/1/23 980,000 $925,127
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 345,000 $336,698
Booz Allen Hamilton, Inc., Refinance Tranche B, 7/31/19 124,031 $124,884
Bright Horizons Family Solutions, Inc., Term B Loan, 1/30/20 787,223 $789,930
Buckeye Partners LP, 4.15%, 7/1/23 1,750,000 $1,766,760
Builders Firstsource Inc Bridge L + 7.5% 13apr16 1,880,000 $1,880,000
C&S Group Enterprises LLC, 5.375%, 7/15/22 (144A) 1,150,000 $1,155,930
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 1,000,000 $1,023,617
Caleres, Inc., 7.125%, 5/15/19 750,000 $780,352
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 330,000 $320,856
Calpine Construction Finance Co LP, Term B-1 Loan, 5/3/20 525,638 $520,792
Calpine Corp., Term Loan (10/12), 10/9/19 439,239 $440,642
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 750,000 $168,396
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 400,000 $280,619
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 500,000 $538,260
Capella Healthcare, Inc., 9.25%, 7/1/17 200,000 $213,157
Caraustar Industries, Inc., Term Loan, 5/1/19 200,338 $202,843
Cardtronics, Inc., 1.0%, 12/1/20 1,000,000 $992,472
Cardtronics, Inc., 5.125%, 8/1/22 (144A) 1,000,000 $1,011,941
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 500,000 $464,252
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 1,665,000 $1,852,246
Catamaran Corp., 4.75%, 3/15/21 1,125,000 $1,262,695
CCO Holdings LLC, 5.75%, 9/1/23 475,000 $497,190
CCO Holdings LLC, 6.625%, 1/31/22 600,000 $651,500
CD 2005-CD1 Commercial Mortgage Trust, Floating Rate Note, 7/15/44 2,500,000 $2,519,058
CENGAGE LEARNING ACQUISITIONS INC, Term Loan, 3/6/20 250,000 $251,380
CenturyLink, Inc., 7.6%, 9/15/39 150,000 $147,781
CenturyLink, Inc., 7.65%, 3/15/42 1,300,000 $1,281,719
Cenveo Corp., 6.0%, 8/1/19 (144A) 1,210,000 $1,173,498
Cequel Communications LLC, Term Loan, 2/14/19 371,467 $372,893
Charter Communications Operating LLC, Term F Loan, 12/31/20 491,250 $488,706
Chiquita Brands International, Inc., 7.875%, 2/1/21 428,000 $476,591
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33 450,000 $52,477
CHS, 6.875%, 2/1/22 995,000 $1,084,785
CHS, 8.0%, 11/15/19 1,075,000 $1,145,771
CHS, Incremental 2019 Term G Loan, 12/31/19 121,040 $121,235
CHS, Incremental 2021 Term H Loan, 1/27/21 222,711 $223,646
Citadel Plastics Holdings Inc 1st Lien Tlb L + 4.25% 05nov20 366,083 $366,540
Citigroup, Inc., Floating Rate Note (Perpetual) 63,000 $1,764,000
Citigroup, Inc., Floating Rate Note (Perpetual) 640,000 $653,493
Citigroup, Inc., Floating Rate Note (Perpetual) 1,500,000 $1,523,938
Citigroup Capital XIII, Floating Rate Note, 10/30/40 41,110 $1,068,449
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49 300,000 $311,596
Citigroup Mortgage Loan Trust, Inc., 6.75%, 9/25/34 300,000 $56,164
Citrus Re, Ltd., Floating Rate Note, 4/18/17 (Cat Bond) (144A) 250,000 $245,044
Citrus Re, Ltd., Floating Rate Note, 4/24/17 (Cat Bond) (144A) 350,000 $342,993
CityCenter Holdings LLC, Term B Loan, 10/16/20 227,316 $228,493
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A) 750,000 $785,703
Cme: (Cdx.Na.Hy.23.V3) Usd 20dec19 Z91mw60e6 -101,714,200 $-9,458,140
Cme: (Cdx.Na.Hy.24.V1) Usd 20jun20 Z91r5q076 -10,315,000 $-832,000
CNL Commercial Mortgage Loan Trust 2003-1, Floating Rate Note, 5/15/31 (144A) 5,908,000 $402,661
CNO Financial Group, Inc., 6.375%, 10/1/20 (144A) 650,000 $699,496
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 1,200,000 $1,236,291
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 715,000 $675,184
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 220,000 $195,042
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 2,000,000 $2,039,651
COMM 2012-CCRE2 Mortgage Trust, Floating Rate Note, 8/17/45 (144A) 100,000 $102,827
COMM 2013-FL3 Mortgage Trust, Floating Rate Note, 10/13/28 1,400,000 $1,403,381
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 1,400,000 $1,399,946
COMM 2015-CCRE23 Mortgage Trust, 3.807%, 5/12/48 1,000,000 $952,281
Commercial Mortgage Trust 2007-GG11, Floating Rate Note, 12/10/49 1,600,000 $1,693,457
Commercial Vehicle Group, Inc., 7.875%, 4/15/19 400,000 $416,938
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 1,700,000 $1,883,010
CommScope, Inc., Tranche 3 Term Loan, 1/21/17 104,470 $104,361
CommScope, Inc., Tranche 4 Term Loan, 1/14/18 156,705 $156,754
Compass Re II, Ltd., Floating Rate Note, 12/8/15 (Cat Bond) (144A) 250,000 $237,500
Comstock Resources, Inc., 10.0%, 3/15/20 (144A) 1,000,000 $986,944
Confie seguros Holding II Co., Term B Loan (First Lien), 11/9/18 786,323 $788,452
Constellation Brands, Inc., 3.75%, 5/1/21 470,000 $474,357
Constellation Enterprises LLC, 10.625%, 2/1/16 (144A) 410,000 $375,200
Continental Airlines 1997-4 Class B Pass Through Trust, 6.9%, 1/2/17 250,000 $8,473
Continental Airlines 2001-1 Class B Pass Through Trust, 7.373%, 12/15/15 250,000 $52,565
ConvaTec, Inc., Dollar Term Loan, 12/22/16 89,732 $89,863
ConvaTec Healthcare E SA, 10.5%, 12/15/18 (144A) 100,000 $109,813
Copano Energy LLC, 7.125%, 4/1/21 373,000 $400,221
CorpGroup Banking SA, 6.75%, 3/15/23 (144A) 0 $5,977
Corporate Office Properties LP, 3.6%, 5/15/23 155,000 $148,728
Corsicanto, Ltd., 3.5%, 1/15/32 750,000 $794,063
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/34 (144A) 9,809,888 $267,914
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 1,900,000 $1,928,177
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A) 100,000 $103,544
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 6/25/33 1,749,811 $311,004
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,400,000 $1,326,089
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 1,150,000 $1,157,525
Crossmark Holdings, Inc., Term Loan (First Lien), 12/20/19 195,623 $185,108
Crown Castle 1st Lien Term-B2 L + 2.5% 31jan21 650,503 $650,284
Crowne Group Llc 1st Lien Tl-B L + 5% 29sep20 1,222,125 $1,219,070
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 645,125 $647,544
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 2,000,000 $2,001,502
CST Brands, Inc., 5.0%, 5/1/23 1,325,000 $1,353,524
Cummins, Inc., 5.65%, 3/1/98 350,000 $390,988
CWABS Asset-Backed Certificates Trust 2005-4, Floating Rate Note, 9/27/32 360,000 $3,924
CWGS Group LLC, Term Loan, 2/20/20 1,395,625 $1,407,096
Darling Ingredients, Inc., 5.375%, 1/15/22 1,060,000 $1,087,991
DaVita HealthCare Partners, Inc., 5.125%, 7/15/24 1,360,000 $1,400,588
DaVita HealthCare Partners, Inc., Tranche B Term Loan, 6/19/21 63,023 $63,298
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A) 113,538 $127,866
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 1,550,000 $1,281,017
Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A) 1,300,000 $1,303,199
Del Monte Foods, Inc., Initial Loan (First Lien), 11/26/20 245,202 $234,679
Delta Air Lines, Inc., 2014 Term B-1 Loan, 10/18/18 171,063 $171,357
Delta Air Lines 2010-1 Class B Pass Through Trust, 6.375%, 1/2/16 (144A) 400,000 $421,403
Delta Air Lines 2010-2 Class B Pass Through Trust, 6.75%, 11/23/15 (144A) 900,000 $923,321
Denbury Resources, Inc., 4.625%, 7/15/23 910,000 $846,158
DigitalGlobe, Inc., Term Loan, 1/31/20 791,434 $793,904
DIRECTV Holdings LLC, 5.15%, 3/15/42 1,000,000 $990,104
Dole Food Co, Inc., 7.25%, 5/1/19 (144A) 400,000 $415,336
DPx Holdings BV, 7.5%, 2/1/22 (144A) 705,000 $755,084
DR Horton, Inc., 5.75%, 8/15/23 765,000 $825,642
Drillships Financing Holding, Inc., Tranche B-1 Term Loan, 3/31/21 707,622 $610,767
Drug Royalty II LP 2, Floating Rate Note, 7/15/23 (144A) 750,000 $692,144
Dtz Us Borrower Llc 1st Lien Tl L + 4.5% 28oct21 1,658,357 $1,672,868
DuPont Fabros Technology LP, 5.875%, 9/15/21 1,000,000 $1,052,240
DynCorp International, Inc., Term Loan, 7/7/16 815,805 $810,707
Dynegy, Inc., Tranche B-2 Term Loan, 4/23/20 302,308 $304,260
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 250,000 $261,263
Eco Services Operations Llc 1st Lien Tl-B L + 3.75% 10oct21 573,563 $573,563
Electricite de France SA, Floating Rate Note (Perpetual) (144A) 1,000,000 $1,056,746
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/7/17 (Cat Bond) (144A) 1,000,000 $1,005,256
Emdeon, Inc., Term B-2 Loan, 11/2/18 773,937 $776,936
Empresas ICA SAB de CV, 8.9%, 2/4/21 (144A) 500,000 $482,464
Endo Finance LLC, 5.375%, 1/15/23 (144A) 875,000 $872,949
Enel Finance International NV, 5.125%, 10/7/19 (144A) 150,000 $167,664
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 1,190,000 $1,435,190
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 1,520,000 $821,729
Energy XXI, Ltd., 3.0%, 12/15/18 20,000 $6,875
EnPro Industries, Inc., 5.875%, 9/15/22 (144A) 1,235,000 $1,296,428
Ensco Plc, 5.75%, 10/1/44 1,950,000 $1,897,018
Entegris, Inc., 6.0%, 4/1/22 (144A) 1,000,000 $1,054,833
Envision Healthcare Corp., Initial Term Loan, 5/25/18 293,143 $294,120
EP Energy LLC, 6.375%, 6/15/23 (144A) 865,000 $866,388
EP Energy LLC, Tranche B-3 Loan, 5/24/18 176,667 $175,607
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 $530,252
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 300,000 $276,621
Essar Steel Algoma Inc 1st Lien Tl-B L + 6.5% 07aug19 348,250 $317,488
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 1,270,400 $1,254,520
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 $325,543
Fannie Mae, 3.5%, 5/1/44 6,475,000 $5,825,595
Fannie Mae, 4.0%, 5/1/44 1,445,896 $1,158,652
Fannie Mae, 4.0%, 9/1/43 528,373 $515,596
Fannie Mae, 4.5%, 9/1/39 2,945,000 $1,132,608
Fannie Mae, 4.5%, 9/1/40 2,868,485 $895,075
FCA US LLC, Tranche B Term Loan, 12/29/18 2,004,750 $2,009,345
FCI - FIDJI LUXEMBOURG BC4 SARL, Term Loan, 12/19/20 395,230 $395,724
Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 2,749,325 $837,465
Federal Home Loan Mortgage Corp., Floating Rate Note, 5/25/45 (144A) 175,000 $180,844
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 500,000 $526,474
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 246,869 $240,265
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 1,388,112 $1,155,603
Fifth Third Bancorp, Floating Rate Note (Perpetual) 12,456 $354,498
Firstar Realty LLC, 8.875% (Perpetual) (144A) 400 $498,625
First Data Corp., 2018 New Dollar Term Loan, 3/24/18 500,000 $500,179
Fitness International Llc 1st Lien Tl-B L + 4.5% 25jun20 411,255 $403,544
Fixed Income Trust Series 2013-A, 0.0%, 10/15/97 (Step) (144A) 1,000,000 $720,282
Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20 700,000 $725,049
Flextronics International, Ltd., 4.625%, 2/15/20 585,000 $622,141
Flextronics International, Ltd., 5.0%, 2/15/23 695,000 $738,148
Floatel 1st Lien Tl-B L + 5% 22may20 216,581 $174,686
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 1,070,000 $1,073,143
Fly Funding II Sarl, Loan, 8/8/18 706,036 $708,537
Fly Leasing, Ltd., 6.375%, 10/15/21 1,375,000 $1,399,707
FMG Resources August 2006 Pty, Ltd., 9.75%, 3/1/22 (144A) 700,000 $741,256
FMG Resources August 2006 Pty, Ltd., Loan, 6/30/19 221,762 $201,218
Foresight Energy LLC, Term Loan, 8/21/20 249,073 $247,828
FREMF Mortgage Trust 2013-K28, Floating Rate Note, 6/25/46 (144A) 1,000,000 $983,043
Frontier Communications Corp., 6.25%, 9/15/21 200,000 $195,229
Frontier Communications Corp., 7.625%, 4/15/24 250,000 $243,008
Frontier Communications Corp., 8.75%, 4/15/22 500,000 $527,344
Frontier Communications Corp., 9.0%, 8/15/31 200,000 $202,250
GAHR Commercial Mortgage Trust 2015-NRF, Floating Rate Note, 12/15/34 (144A) 820,000 $784,369
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,000,000 $1,027,383
Gannett Co, Inc., 6.375%, 10/15/23 1,120,000 $1,201,725
Garda World Security Corp., Term B Delayed Draw Loan, 11/8/20 52,145 $52,145
Garda World Security Corp., Term B Loan, 11/1/20 203,839 $203,839
Gardner Denver, Inc., Initial Dollar Term Loan, 7/30/20 381,492 $373,099
Gator Re, Ltd., Floating Rate Note, 1/9/17 (Cat Bond) (144A) 600,000 $547,118
GE Business Loan Trust 2005-1, Floating Rate Note, 6/15/33 (144A) 2,500,000 $546,786
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A) 350,000 $352,446
Geely Automobile Holdings, Ltd., 5.25%, 10/6/19 (144A) 950,000 $981,231
GE Mortgage Services LLC, Floating Rate Note, 3/25/27 5,850,000 $247,727
Generac Power Systems, Inc., Term Loan B, 5/31/20 572,400 $572,472
Generic Drug Holdings, Inc., Closing Date Term Loan, 8/16/20 438,505 $438,048
Genpact International, Inc., Term Loan, 8/30/19 319,193 $320,151
Gibraltar Industries, Inc., 6.25%, 2/1/21 1,000,000 $1,053,160
GLC Trust 2013-1, 3.0%, 7/15/21 (144A) 1,500,000 $965,386
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 200,000 $203,875
Glenn Pool Oil & Gas Trust, Term Loan, 5/2/16 19,522 $19,473
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 800,000 $149,605
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 1,671,000 $356,613
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 509,814 $107,316
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32 2,500,000 $665,302
GMAC Capital Trust I, Floating Rate Note, 2/15/40 27,750 $723,165
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 570,000 $545,274
Golar LNG Partners LP, Floating Rate Note, 10/12/17 2,000,000 $269,403
Golden State RE II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A) 250,000 $249,919
Gray Television Inc. 1st Lien Tl L + 3% 10jun21 498,306 $499,915
Green Plains Inc 1st Lien Tl-B L + 5.5% 03jun20 0 $0
Griffon Corp., 5.25%, 3/1/22 1,375,000 $1,399,721
GRIFOLS WORLDWIDE OPERATIONS USA INC, U.S. Tranche B Term Loam, 4/1/21 99,000 $99,383
Grupo Famsa SAB de CV, 7.25%, 6/1/20 (144A) 525,000 $476,988
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 890,000 $878,898
GS Mortgage Securities Corp Trust 2014-NEW, 3.79%, 1/10/31 (144A) 1,000,000 $980,223
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 700,000 $718,121
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 1,000,000 $1,010,526
GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A) 705,000 $704,014
Guanay Finance, Ltd., 6.0%, 12/15/20 (144A) 540,000 $577,800
Gulfport Energy Corp., 7.75%, 11/1/20 1,190,000 $1,265,854
Halcon Resources Corp. 174,556 $183,284
Halcon Resources Corp., 8.875%, 5/15/21 300,000 $211,859
Halyard Health Inc 1st Lien Tl-B L + 3.25% 03oct21 434,647 $439,320
Harland Clarke Holdings Corp., Tranche B-4 Term Loan, 8/17/19 319,687 $320,953
Hawaiian Airlines 2013-1 Class A Pass Through Certificates, 3.9%, 1/15/26 105,000 $103,858
HCA, Inc., 5.375%, 2/1/25 1,000,000 $1,050,156
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 $662,786
Hilton USA Trust 2013-HLF, Floating Rate Note, 11/5/30 (144A) 1,900,000 $1,876,195
Hilton Worldwide Finance LLC, Initial Term Loan, 9/23/20 321,579 $322,494
HJ Heinz Co., Term B-2 Loan, 6/5/20 262,050 $262,476
HLSS Servicer Advance Receivables Trust, 4.4584%, 1/15/48 (144A) 400,000 $395,884
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 250,000 $165,603
Houghton Mifflin Harcourt Publishe 1st Lien Tl-B L + 3% 11may21 125,000 $124,844
Houghton Mifflin Harcourt Publishers, Inc., Term Loan, 5/22/18 107,369 $107,504
HSBC Bank USA NA New York NY, 6.0%, 8/9/17 250,000 $278,478
Iap Worldwide Services Inc 4 $2,786
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 28,547 $26,549
Ibis Re II, Ltd., Floating Rate Note, 6/28/16 (144A) 250,000 $250,525
Icon Brand Holdings LLC, 4.352%, 1/25/43 (144A) 250,000 $218,137
Igloo Holdings Corp., 8.25%, 12/15/17 (144A) (PIK) 200,000 $210,563
Immucor, Inc., 11.125%, 8/15/19 100,000 $109,495
Immucor, Inc., Term B-2 Loan, 8/19/18 440,365 $443,301
INEOS Group Holdings SA, 5.875%, 2/15/19 (144A) 600,000 $620,781
Infor US, Inc., Tranche B-5 Term Loan, 6/3/20 214,995 $214,508
Inkia Energy, Ltd., 8.375%, 4/4/21 (144A) 100,000 $108,178
Instituto Costarricense de Electricidad, 6.375%, 5/15/43 (144A) 1,000,000 $850,156
Intelsat Jackson Holdings SA, 7.25%, 4/1/19 250,000 $259,220
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 6/30/19 289,851 $289,235
Interactive Data 1st Lien Tl-B L + 3.75% 24apr21 39,209 $39,410
InterGen NV, 7.0%, 6/30/23 (144A) 850,000 $832,292
International Automotive Components Group SA, 9.125%, 6/1/18 (144A) 400,000 $430,149
International Equipment Solutions LLC, Initial Loan, 8/16/19 134,921 $135,342
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 525,000 $620,484
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 1,350,000 $1,299,445
inVentiv Health, Inc., Term B-3 Loan, 5/15/18 132,691 $132,801
Iron Mountain, Inc., 5.75%, 8/15/24 500,000 $520,885
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A) 700,000 $840,244
Israel Electric Corp, Ltd., 5.625%, 6/21/18 (144A) 900,000 $988,059
j2 Global, Inc., 8.0%, 8/1/20 705,000 $778,281
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,000,000 $927,215
James River Coal Co., 7.875%, 4/1/19 250,000 $33,383
Jazz Pharmaceuticals, Inc., Tranche 2 Term Loan, 6/12/18 336,350 $337,948
JBS Investments GmbH, 7.25%, 4/3/24 (144A) 500,000 $540,740
JinkoSolar Holding Co, Ltd., 4.0%, 2/1/19 (144A) 1,455,000 $1,419,676
JLL, Initial Dollar Term Loan, 1/23/21 446,625 $446,147
JMC Steel Group, Inc., Term Loan, 4/1/17 390,993 $390,830
JPMorgan Chase & Co., 1.0%, 9/20/17 250,000 $29,359
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 2,360,000 $2,625,058
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 1,400,000 $1,424,549
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP7 REMICS, Floating Rate Note, 4/15/45 1,400,000 $1,406,394
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51 1,725,000 $1,781,651
JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A 1,850,000 $1,861,821
JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 1,100,000 $1,101,923
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 1,530,000 $1,531,079
Jun15 Vix C @ 14.500000 350 $36,750
Jun15 Vix C @ 15.000000 400 $37,000
Kane Flt% 12jun15 1,100,000 $1,099,230
Kane Flt% 14jul15 713,104 $707,898
Kane Ilw Zero% 02feb16 1,050,000 $996,345
Kane-Pi4 Flt% 07jul16 1,503,871 $1,501,465
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 550,600 $552,472
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,050,525 $1,057,669
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 533,600 $536,108
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 294,350 $296,440
Kane Zero% 19feb16 1,200,000 $1,275,960
Kane Zero% 22jan16 1,200,000 $1,220,880
Kane Zero% 22jan16 500,000 $510,350
Kane Zero% 29apr16 2,100,000 $2,189,880
KB Home, 1.375%, 2/1/19 700,000 $676,057
KB Home, 7.0%, 12/15/21 500,000 $536,042
KB Home, 8.0%, 3/15/20 200,000 $225,583
Kenya Government International Bond, 5.875%, 6/24/19 (144A) 405,000 $428,676
Key Energy Services, Inc., 6.75%, 3/1/21 355,000 $235,787
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 650,000 $652,135
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $351,881
Kindred Healthcare, Inc., 6.375%, 4/15/22 400,000 $411,188
Kindred Healthcare 1st Lien Tl-B L + 3% 10apr21 488,819 $491,874
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 390,204 $393,537
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 1,500,000 $1,631,191
Kloeckner Pentaplast Of America 1st Lien Tl L + 4% 22apr20 41,673 $41,927
Kloeckner Pentaplast Of America 1st Lien Tl L + 4% 22apr20 17,809 $17,918
La Hipotecaria Panamanian Mortgage Trust 2007-1, Floating Rate Note, 12/23/36 (144A) 1,800,000 $803,316
Landry's, Inc., B Term Loan, 4/24/18 419,813 $422,044
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 600,000 $605,564
Laureate Education, Inc., New Series 2018 Extended Term Loan, 6/16/18 540,740 $519,787
Leaf Receivables Funding 10 LLC, 5.21%, 7/15/21 (144A) 750,000 $746,395
Leaf Receivables Funding 8 LLC, 5.5%, 9/15/20 (144A) 358,317 $363,224
Legacy Reserves LP, 6.625%, 12/1/21 1,300,000 $1,128,323
Legg Mason, Inc., 3.95%, 7/15/24 1,250,000 $1,306,001
Legg Mason, Inc., 5.625%, 1/15/44 500,000 $570,438
Lennar Corp., 4.5%, 6/15/19 675,000 $705,797
Level 3 Financing Inc 1st Lien Tl-B2 L + 2.75% 31may22 1,400,000 $1,396,850
Liberty Tire Recycling Llc 3,071 $31
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 79,000 $77,659
Live Nation Entertainment, Inc., Term B-1 Loan, 8/17/20 421,580 $422,542
Livingston International, Inc., Initial Term B-1 Loan (First Lien), 4/18/19 712,313 $708,306
LKQ Corp., 4.75%, 5/15/23 250,000 $247,370
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 $1,441,038
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A) 500,000 $590,556
Magnesita Finance, Ltd., 8.625% (Perpetual) (144A) 450,000 $383,930
Marfrig Holding Europe BV, 6.875%, 6/24/19 (144A) 1,105,000 $1,070,515
Masco Corp., 4.45%, 4/1/25 1,000,000 $1,034,408
MASTR Adjustable Rate Mortgages Trust 2005-1, Floating Rate Note, 1/25/35 1,100,000 $83,742
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 500,000 $95,641
MCGRAW-HILL SCHOOL EDUCATION HOLDINGS LLC, Term B Loan, 12/18/19 1,876,250 $1,892,082
McKesson Corp., 4.883%, 3/15/44 1,500,000 $1,602,484
MDC Holdings, Inc., 5.5%, 1/15/24 890,000 $895,006
MedAssets, Inc., 8.0%, 11/15/18 175,000 $181,708
MedAssets, Inc., Term B Loan, 12/13/19 323,000 $323,404
MediArena Acquisition BV, Dollar Term B Loan (First Lien), 8/6/21 1,000,000 $996,250
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 1,090,000 $1,062,315
Memorial Production Partners LP, 7.625%, 5/1/21 770,000 $759,330
Merna Re V, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 500,000 $499,217
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36 1,200,000 $180,980
Metalloinvest Finance, Ltd., 5.625%, 4/17/20 (144A) 400,000 $367,088
MGM Resorts International, Term B Loan, 12/20/19 263,925 $264,090
MHP SA, 8.25%, 4/2/20 (144A) 500,000 $426,646
Micro Focus Us Inc 1st Lien Tl-B L + 4.25% 07oct21 827,693 $831,092
Microsemi Corp., Term Loan (2014), 3/14/21 155,398 $155,819
Mid-State Capital Trust 2010-1, 7.0%, 12/15/45 (144A) 25,000 $19,176
Minerva Luxembourg SA, 7.75%, 1/31/23 (144A) 400,000 $422,213
Mirabela Nickel, Ltd. 622,916 $59,629
Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (PIK) 117,320 $93,823
Mirror BidCo Corp., New Incremental Term Loan, 12/18/19 914,119 $915,262
Mj Acquistion (Concentra) 1st Lien Tl-B L + 3% 08may22 475,000 $477,375
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 1,400,000 $1,436,965
ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49 2,000,000 $2,041,067
MMC Norilsk Nickel OJSC via MMC Finance, Ltd., 5.55%, 10/28/20 (144A) 500,000 $501,717
MMM Holdings, Inc., MMM Term Loan, 12/12/17 24,833 $20,487
Monitronics International, Inc., Term B Loan (2013), 3/23/18 249,779 $250,559
Monty Parent Issuer 1 LLC, 4.25%, 11/20/28 (144A) 1,750,000 $633,324
Morgan Stanley, 4.1%, 5/22/23 750,000 $771,127
Morgan Stanley, 4.875%, 11/1/22 250,000 $270,758
Morgan Stanley, Floating Rate Note (Perpetual) 18,000 $509,040
Morgan Stanley, Floating Rate Note (Perpetual) 66,200 $1,728,482
Morgan Stanley Capital I, Inc., Floating Rate Note, 7/15/32 (144A) 105,000 $4,501
Morgan Stanley Capital I Trust 2007-TOP25, Floating Rate Note, 11/12/49 1,800,000 $1,849,034
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 3,432,000 $521,017
MortgageIT Trust 2005-1, Floating Rate Note, 2/25/35 2,208,000 $319,371
Mpg Holdco I Inc 1st Lien Tl-B L + 3.5% 13oct21 1,458,286 $1,463,438
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 100,000 $108,630
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 18,053 $14,894
Multi Packaging Solutions, Inc., Initial Dollar Tranche B Term, 9/30/20 247,500 $247,087
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A) 500,000 $522,173
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 650,000 $653,006
Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A) 1,360,000 $1,369,728
Nationstar Mortgage LLC, 6.5%, 6/1/22 720,000 $701,870
Nationstar Mortgage LLC, 6.5%, 7/1/21 725,000 $716,411
Navios Maritime Partners LP, Term Loan, 6/27/18 874,860 $878,870
Navios South American Logistics, Inc., 7.25%, 5/1/22 (144A) 600,000 $584,004
Navistar, Inc., Tranche B Term Loan, 8/17/17 120,000 $120,750
Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19 750,000 $755,516
Navitas Equipment Receivables LLC 2015-1, 5.75%, 5/17/21 (144A) 710,500 $713,539
NBTY, Inc., Term B-2 Loan, 10/1/17 750,000 $746,719
NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A) 600,000 $600,787
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 $1,228,694
New Albertsons Inc 1st Lien Tl L + 3.75% 24jun21 498,000 $500,117
New World Resources NV, 4.0%, 10/7/20 (PIK) 67,741 $20,414
New World Resources NV, Floating Rate Note, 10/7/20 38,709 $16,583
New World Resources NV, Floating Rate Note, 10/7/20 29,032 $5,102
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 740,625 $734,145
Nn Inc 1st Lien Tl-B L + 5% 18jul21 1,362,500 $1,370,999
Nord Anglia Education Finance Llc 1st Lien Tl-B L + 3.5% 21mar21 997,481 $1,001,845
NorthStar 2013-1, Floating Rate Note, 8/27/29 (144A) 1,500,000 $1,522,124
NPC International, Inc., Term Loan, 12/28/18 560,467 $558,015
NRG Energy, Inc., 6.25%, 5/1/24 500,000 $513,767
NRG Energy, Inc., 7.625%, 1/15/18 900,000 $1,028,784
NRG Energy, Inc., 8.25%, 9/1/20 200,000 $214,399
NSG Holdings LLC, New Term Loan, 12/11/19 216,810 $217,081
Numericable-SFR SAS, 6.0%, 5/15/22 (144A) 850,000 $872,313
NuVasive, Inc., 2.75%, 7/1/17 322,000 $431,321
Oasis Petroleum, Inc., 6.875%, 3/15/22 18,000 $18,663
Ocwen Loan Servicing LLC, Initial Term Loan, 2/15/18 0 $0
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 50,601 $36,243
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 $367,641
ONEOK, Inc., 6.875%, 9/30/28 1,450,000 $1,661,725
Ooredoo International Finance, Ltd., 3.875%, 1/31/28 (144A) 200,000 $197,083
Orange Lake Timeshare Trust 2012-A, 4.87%, 3/10/27 (144A) 600,000 $251,875
ORES 2014-LV3 LLC, 6.0%, 3/27/24 1,000,000 $1,000,500
Oversea-Chinese Banking Corp, Ltd., Floating Rate Note, 10/15/24 (144A) 425,000 $441,378
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 700,000 $741,781
Ozburn-Hessey Holding Co LLC, Term Loan, 5/23/19 171,938 $172,367
Pacific Drilling SA, Term Loan, 6/3/18 205,927 $179,156
Pangaea Zero% 01jul18 2,000,000 $2,214,400
Paragon Offshore Finance Co Tl-B L + 2.75% 11jul21 288,550 $226,872
PDL BioPharma, Inc., 4.0%, 2/1/18 593,000 $578,974
Pelican Products, Inc., Term Loan (First Lien), 4/8/20 205,097 $205,226
Penn Virginia Corp., 6.0% (Perpetual) (144A) 14,300 $747,461
Penn Virginia Corp., 7.25%, 4/15/19 600,000 $542,438
Penn Virginia Corp., 8.5%, 5/1/20 430,000 $409,294
Penn Virginia Resource Partners LP, 6.5%, 5/15/21 425,000 $455,048
Physio-Control International, Inc., 9.875%, 1/15/19 (144A) 142,000 $157,923
Pilot Travel Centers Llc 1st Lien Tl-B L + 3.25% 01oct21 1,080,649 $1,094,833
Pinnacle Foods Finance LLC, New Term Loan G, 4/29/20 172,960 $172,730
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 481,000 $507,856
Polarpak, Inc., USD Term Loan (U.S. Borrower Portion), 6/7/20 232,502 $232,938
Post Holdings, Inc., 2.5% (Perpetual) (144A) 11,800 $1,032,500
Post Holdings, Inc., 7.375%, 2/15/22 550,000 $574,662
PPL Capital Funding, Inc., 5.9%, 4/30/73 25,000 $643,250
PQ Corp., 2014 Term Loan, 8/7/17 684,250 $685,362
Prestige Brands, Inc., Term B-3 Loan, 9/3/21 916,006 $918,868
Progreso Receivables Funding II LLC, 6.0%, 7/8/19 (144A) 500,000 $508,708
Progreso Receivables Funding I LLC, 4.0%, 7/9/18 (144A) 1,250,000 $1,254,618
Progressive Waste Solutions, Ltd., Term B Loan, 10/24/19 442,085 $444,155
Pro Mach Group, Inc., Dollar Term Loan (First Lien), 10/20/21 329,489 $331,240
Protection One, Inc., Term Loan (2012), 3/21/19 494,915 $497,076
Provident Funding Associates LP, 6.75%, 6/15/21 (144A) 1,000,000 $980,938
Prudential Financial, Inc., Floating Rate Note, 9/15/42 1,500,000 $1,633,859
Quebecor Media, Inc., 5.75%, 1/15/23 825,000 $877,680
Quebecor Media, Inc., Facility B-1 Tranche, 8/17/20 234,306 $232,988
QVC, Inc., 4.45%, 2/15/25 1,500,000 $1,508,678
Qwest Corp., 7.375%, 6/1/51 4,400 $114,576
Radio Systems Corp., 8.375%, 11/1/19 (144A) 600,000 $650,548
RASC Series 2003-KS5 Trust, 4.96%, 7/25/33 (Step) 400,000 $247,470
RCMC LLC, 5.62346%, 12/17/18 (144A) 250,000 $119,039
RegionalCare Hospital Partners, Inc., Term Loan (First Lien), 4/21/19 344,030 $343,600
Reliance Steel & Aluminum Co., 4.5%, 4/15/23 1,940,000 $1,942,361
Remy International, Inc., Term B Loan 2013, 3/5/20 375,000 $376,406
Rent-A-Center, Inc., 6.625%, 11/15/20 930,000 $923,267
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 600,000 $612,156
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 1,250,000 $1,276,063
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $818,740
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $536,106
RESI Finance LP 2003-D, Floating Rate Note, 12/10/35 (144A) 6,760,000 $1,079,540
Resolute Forest Products, Inc., 5.875%, 5/15/23 1,110,000 $1,026,692
Restaurant Brands 1st Lien Tl-B L + 2.75% 12dec21 277,941 $278,983
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 425,000 $458,070
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 330,000 $359,305
Rialto Capital Management LLC, 2.85%, 5/15/24 (144A) 1,000,000 $234,423
Rosetta Resources, Inc., 5.625%, 5/1/21 515,000 $548,285
Rosetta Resources, Inc., 5.875%, 6/1/22 665,000 $729,313
Rovi Solutions Corp 1st Lien Tl-B L + 3% 02jul21 202,743 $202,490
RSP Permian, Inc., 6.625%, 10/1/22 (144A) 1,075,000 $1,129,672
Rural, Term Loan, 6/30/18 86,695 $80,626
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 1,000,000 $1,051,094
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 865,000 $889,148
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,000,000 $989,936
Sanders Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 500,000 $500,021
SandRidge Energy, Inc. 14,179 $17,298
Scds: (Do) Usd 20dec19 Buy Bnr1c7tr9 2,000,000 $-104,803
Schaeffler (Aka Ina Beteiligungsge 1st Lien Tl-B L + 3.5% 15may20 475,000 $478,412
Scientific Games International, Inc., 10.0%, 12/1/22 800,000 $816,000
Scientific Games International Inc 1st Lien Tl-B2 L + 5% 17sep21 1,620,938 $1,629,550
Seadrill Operating LP, Initial Term Loan, 2/14/21 839,375 $691,610
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 1,100,000 $1,148,238
Seagate HDD Cayman, 4.75%, 6/1/23 885,000 $940,996
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 $10,228
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 500,000 $525,550
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 1,205 $163,558
Security National Mortgage Loan Trust 2007-1, Floating Rate Note, 4/25/37 (144A) 250,000 $208,260
Securus Technologies Holdings, Inc., Initial Term Loan (First Lien), 4/30/20 492,995 $485,846
Select Medical Corp., Series E Tranche B Term Loan, 6/1/18 20,527 $20,578
Seminole Hard Rock Entertainment, Inc., New Term Loan B, 5/14/20 294,750 $294,566
Sensus USA, Inc., Term Loan (First Lien), 5/9/17 242,434 $242,131
Serena Software Inc 1st Lien Term L + 6.5% 10apr20 275,500 $277,222
Shearers Foods Llc 1st Lien Tl L + 3.5% 19jun21 945,250 $948,795
Ship Midco, Ltd., Facility B2A-II, 11/29/19 78,745 $79,336
Sierra Timeshare 2011-3 Receivables Funding LLC, 9.31%, 7/20/28 (144A) 750,000 $173,207
Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A) 1,200,000 $1,203,876
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 400,000 $15,600
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 800,000 $871,760
Sirius International Group, Ltd., Floating Rate Note (Perpetual) (144A) 355,000 $383,808
Sirius XM Radio, Inc., 4.625%, 5/15/23 (144A) 830,000 $802,549
Six Flags Theme Parks, Inc., Tranche B Term Loan, 12/20/18 245,603 $247,292
SNAAC Auto Receivables Trust 2013-1, 4.56%, 4/15/20 (144A) 450,000 $463,742
Sotheby's, 5.25%, 10/1/22 (144A) 1,135,000 $1,141,928
Southern California Edison Co., Floating Rate Note (Perpetual) 75,000 $85,831
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 800,000 $775,333
Springleaf Funding Trust 2013-A, 5.0%, 9/15/21 (144A) 500,000 $501,174
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/26/59 (144A) 200,000 $206,698
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 250,000 $258,914
Springs Industries, Inc., 6.25%, 6/1/21 400,000 $406,431
Sprint Corp., 7.125%, 6/15/24 1,225,000 $1,225,191
Sprint Corp., 7.25%, 9/15/21 1,000,000 $1,021,354
SRAM LLC, Term Loan (First Lien), 4/10/20 641,868 $642,129
Stackpole International Intermediate, 7.75%, 10/15/21 (144A) 950,000 $955,641
Standard Pacific Corp., 6.25%, 12/15/21 1,000,000 $1,093,646
Steel Dynamics, Inc., 5.125%, 10/1/21 930,000 $949,436
Steward Health Care System LLC, Term Loan, 4/10/20 491,250 $489,101
STORE Master Funding LLC, 4.16%, 3/20/43 (144A) 200,000 $198,976
Structured Asset Mortgage Investments Trust 2003-AR1, Floating Rate Note, 10/19/33 3,319,800 $110,291
SUAM Finance BV, 4.875%, 4/17/24 (144A) 500,000 $522,861
Summit Midstream Holdings LLC, 7.5%, 7/1/21 1,030,000 $1,108,323
Sunoco Logistics Partners Operations LP, 3.45%, 1/15/23 1,500,000 $1,476,044
Swift Energy Co., 7.875%, 3/1/22 1,285,000 $590,417
Swift Transportation Co LLC, Tranche B Loan, 6/9/21 168,282 $169,071
Syncreon Group BV, Term Loan, 9/26/20 694,724 $624,817
Syniverse Holdings, Inc., Initial Term Loan, 4/23/19 239,957 $229,458
Syniverse Holdings, Inc., Tranche B Term Loan, 4/23/19 484,761 $463,552
Talen Energy Supply LLC, 5.125%, 7/15/19 (144A) 1,880,000 $1,902,031
Talen Energy Supply LLC, 6.5%, 6/1/25 (144A) 500,000 $511,198
Talos Production LLC, 9.75%, 2/15/18 (144A) 115,000 $106,742
Tank Holding Corp., Initial Term Loan, 7/9/19 648,029 $650,323
Targa Resources Partners LP, 4.25%, 11/15/23 555,000 $535,170
Targus Group International, Inc., Term Loan, 5/24/16 304 $252
Tarjeta Naranja SA, 9.0%, 1/28/17 (144A) 100,000 $71,450
Tasc Inc 1st Lien Tl-B L + 6% 23may20 1,425,000 $1,442,218
Tata Chemicals North America, Inc., Term Loan, 8/7/20 245,625 $245,392
Taylor Morrison Communities, Inc., 5.875%, 4/15/23 1,000,000 $1,020,931
Telesat Canada, U.S. Term B-2 Loan, 3/28/19 603,043 $603,164
Tempur Sealy International, Inc., New Term B Loan, 3/18/20 100,046 $100,484
Tenet Healthcare Corp., 4.375%, 10/1/21 1,480,000 $1,477,199
Tenet Healthcare Corp., 4.5%, 4/1/21 265,000 $264,304
Terex Corp., U.S. Term Loan, 8/13/21 110,501 $110,847
The Goldman Sachs Group, Inc., 6.45%, 5/1/36 300,000 $356,852
The Goldman Sachs Group, Inc., 6.75%, 10/1/37 225,000 $278,808
The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual) 750,000 $851,906
The Ryland Group, Inc., 0.25%, 6/1/19 1,000,000 $957,493
The Ryland Group, Inc., 5.375%, 10/1/22 95,000 $97,262
The Williams Companies, Inc., 5.75%, 6/24/44 2,000,000 $2,087,539
Tiers Trust, Floating Rate Note, 10/15/97 (144A) 100,000 $91,074
TIG FINCO Plc, 8.75%, 4/2/20 202,103 $314,955
TIG FINCO Plc, Floating Rate Note, 3/2/20 (144A) 35,665 $57,729
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 126,457 $126,852
TimberStar Trust I, 7.5296%, 10/15/36 (144A) 180,000 $186,031
Time Warner, Inc., 4.85%, 7/15/45 1,500,000 $1,510,089
T-Mobile USA, Inc., 6.0%, 3/1/23 400,000 $421,183
T-Mobile USA, Inc., 6.542%, 4/28/20 490,000 $529,038
T-Mobile USA, Inc., 6.625%, 4/1/23 1,500,000 $1,595,036
TMS International Corp., Term B Loan, 10/2/20 575,000 $576,438
TMX Finance LLC, 8.5%, 9/15/18 (144A) 1,035,000 $898,078
Top Co 34,794 $8,514
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 869,469 $872,729
Transfield Services, Ltd., 8.375%, 5/15/20 (144A) 805,000 $860,134
Transnet SOC, Ltd., 4.0%, 7/26/22 (144A) 325,000 $316,712
Transportadora de Gas del Peru SA, 4.25%, 4/30/28 (144A) 300,000 $302,563
Transunion Llc 1st Lien Tl-B L + 3% 21mar21 350,000 $350,146
Tribune Media Co., Initial Term Loan, 11/20/20 500,000 $501,313
Truven Health Analytics, Inc., New Tranche B Term Loan, 6/6/19 989,899 $992,052
TurboCombustor Technology, Inc., Initial Term Loan, 10/18/20 543,125 $544,143
Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 5/9/20 (144A) 400,000 $394,504
U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24 16,600,000 $16,360,006
UBS AG, 7.625%, 8/17/22 1,050,000 $1,273,416
Unifrax I LLC, 7.5%, 2/15/19 (144A) 630,000 $654,441
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 $301,620
United Airlines, Inc., Class B Term Loan, 4/1/19 245,000 $245,796
United Auto Credit Securitization Trust 2013-1, 4.4%, 4/15/19 (144A) 150,000 $151,824
Univar, Inc., Term B Loan, 6/30/17 265,133 $265,257
US Airways, Inc., Tranche B-1 Term Loan (Consenting), 5/23/19 606,375 $606,691
US Airways, Inc., Tranche B-2 Term Loan (Consenting), 11/23/16 520,625 $520,544
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 400,000 $386,683
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21 200,000 $201,550
US Bancorp, Floating Rate Note (Perpetual) 6,753 $181,926
US Renal Care, Inc., Tranche B-2 Term Loan (First Lien), 7/3/19 740,111 $742,424
Valeant Pharmaceuticals International, Inc., Series C-2 Tranche B Term Loan, 12/11/19 298,478 $298,954
Valeant Pharmaceuticals International, Inc., Series E1 Tranche B Term Loan, 8/5/20 728,520 $729,248
Vantiv LLC, Term B Loan, 6/12/21 327,113 $328,951
Vencore 1st Lien Dd L + 0% 19nov19 14,052 $14,153
Vencore 1st Lien Tl L + 4.75% 19nov19 207,411 $208,902
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 750,000 $745,554
Verint Systems, Inc., Tranche B Incremental Term Loan, 9/6/19 368,872 $370,440
VeriSign, Inc., 4.625%, 5/1/23 335,000 $332,061
Verizon Communications, Inc., 4.15%, 3/15/24 2,500,000 $2,664,827
Verizon Communications, Inc., 5.012%, 8/21/54 576,000 $555,578
Verizon Communications, Inc., 6.55%, 9/15/43 576,000 $707,518
Vers 2015-A Zero% 31dec17 2,000,000 $2,073,800
Vertafore, Inc., Term Loan (2013), 10/3/19 94,831 $95,234
Viasystems, Inc., 7.875%, 5/1/19 (144A) 950,000 $1,013,027
VimpelCom Holdings BV, 7.5043%, 3/1/22 (144A) 200,000 $206,210
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 531,924 $531,633
Virgin Media Secured Finance Plc, 5.25%, 1/15/26 (144A) 1,000,000 $1,010,000
Virgin Media Secured Finance Plc, 5.375%, 4/15/21 (144A) 500,000 $474,398
Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A) 250,000 $254,662
Vitality Re V, Ltd., Floating Rate Note, 1/7/19 (Cat Bond) (144A) 250,000 $254,824
Voya Financial, Inc., Floating Rate Note, 5/15/53 615,000 $639,510
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22 (144A) 300,000 $286,590
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 1,600,000 $1,620,660
Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45 304,000 $310,966
Wachovia Bank Commercial Mortgage Trust Series 2006-C28, Floating Rate Note, 10/15/48 1,500,000 $1,541,943
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 1,813,000 $1,914,360
Wastequip LLC, Term Loan, 8/9/19 481,567 $481,366
Wausau Paper 1st Lien Tl-B L + 5.5% 20jul20 1,089,132 $1,096,606
WCA Waste Corp., Term Loan, 3/23/18 690,677 $688,303
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 400,000 $425,926
Weatherford International, Ltd. Bermuda, 5.95%, 4/15/42 2,000,000 $1,825,147
WellCare Health Plans, Inc., 5.75%, 11/15/20 1,815,000 $1,913,502
Wells Fargo & Co., 7.5% (Perpetual) 1,050 $1,269,272
Wells Fargo & Co., Floating Rate Note (Perpetual) 1,150,000 $1,232,772
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 1,500,000 $1,505,466
Wendy's International LLC, Term B Loan, 5/15/19 745,047 $746,630
WESCO Distribution, Inc., Tranche B-1 Loan, 12/12/19 165,030 $165,649
West Corp., Term B-10 Loan, 6/30/18 366,334 $366,563
Westgate Resorts 2012-2 LLC, 9.0%, 1/21/25 (144A) 1,000,000 $218,360
Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A) 800,000 $637,762
WFRBS Commercial Mortgage Trust 2011-C4, Floating Rate Note, 6/17/44 (144A) 50,000 $54,378
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A) 200,000 $197,625
Wheelabrator 1st Lien Tl-B L + 4% 15oct21 1,910,920 $1,937,179
Wheelabrator 1st Lien Tl-C L + 4% 15oct21 84,291 $85,450
Windstream Services LLC, 7.5%, 6/1/22 1,305,000 $1,239,478
WireCo WorldGroup, Inc., Term Loan, 2/15/17 46,094 $46,267
World Kitchen LLC, U.S. Term Loan, 3/4/19 185,571 $186,498
WR Grace & Co-Conn, Delayed Draw Term Loan, 1/23/21 172,350 $172,719
WR Grace & Co-Conn, U.S. Term Loan, 1/23/21 478,953 $479,979
Xerium Technologies, Inc., 8.875%, 6/15/18 798,000 $860,385
ZIGGO BV, (USD) TLB3, 1/15/22 587,872 $586,660
Ziggo Bv Us 1st Lien Tl-B1 L + 2.75% 15jan22 554,681 $553,537
Ziggo Bv Us 1st Lien Tl-B2 L + 2.75% 15jan22 357,447 $356,710

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