Pioneer High Yield Fund

Top 10 Portfolio Holdings as of 10/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 3,055,000 $3,177,200
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 3,285,000 $3,581,722
Advanced Micro Devices, Inc., 6.75%, 3/1/19 4,205,000 $4,021,031
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 8,519 $8,487
AECOM Technology Corp., 5.75%, 10/15/22 (144A) 1,385,000 $1,463,243
AECOM Technology Corp., 5.875%, 10/15/24 (144A) 1,390,000 $1,475,596
AES Corp. Virginia, 5.5%, 3/15/24 1,650,000 $1,698,721
Aetna, Inc. 108,880 $8,983,689
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 1,988,067 $1,932,566
Aguila 3 SA, 7.875%, 1/31/18 (144A) 1,700,000 $1,738,091
Akamai Technologies, Inc., 0.0%, 2/15/19 (144A) 4,555,000 $4,614,784
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 250,000 $264,323
Albany Molecular Research, Inc., 2.25%, 11/15/18 (144A) 3,370,000 $5,412,220
Alere, Inc., 3.0%, 5/15/16 9,460,000 $10,211,676
Alere, Inc., 3.0% (Perpetual) 59,354 $19,182,026
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 1,185,004 $1,170,932
Alliance One International, Inc., 9.875%, 7/15/21 8,460,000 $8,325,286
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 1,239,020 $1,221,984
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 7,443 $7,396
Ally Financial, Inc., 7.0% (Perpetual) (144A) 6,450 $6,491,925
Alpha Natural Resources, Inc., 3.75%, 12/15/17 4,705,000 $3,045,507
Altrl Flt% 30jun16 6,500,000 $6,984,900
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3,365,000 $3,653,829
AMG Capital Trust II, 5.15%, 10/15/37 48,000 $2,961,000
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5,445,000 $5,404,919
Antero Resources Finance Corp., 6.0%, 12/1/20 3,360,000 $3,578,400
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7,901,000 $7,249,168
Approach Resources, Inc., 7.0%, 6/15/21 1,205,000 $1,140,466
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 3,500,000 $3,695,342
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 3,350,000 $3,482,534
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 4,300,000 $798,493
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 1,956,110 $1,963,445
ARIAD Pharmaceuticals, Inc., 3.625%, 6/15/19 (144A) 1,340,000 $1,290,243
Arlington Flt% 01aug15 1,200,000 $1,250,640
Ascent Capital Group, Inc., 4.0%, 7/15/20 2,710,000 $2,479,387
Athlon Holdings LP, 6.0%, 5/1/22 (144A) 3,095,000 $3,425,778
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 450,000 $470,094
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 2,350,000 $2,538,392
Auxilium Pharmaceuticals, Inc., 1.5%, 7/15/18 1,470,000 $2,060,818
Aviv Healthcare Properties LP, 7.75%, 2/15/19 2,675,000 $2,852,516
Axalta Coating Systems US Holdings, Inc., Refinanced Term B Loan, 2/1/20 1,497,356 $1,475,832
Axiall Corp. 186,606 $7,520,222
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 2,000,000 $2,030,761
Bank of America Corp., Floating Rate Note, 9/29/49 4,600,000 $4,638,972
Bankrate, Inc., 6.125%, 8/15/18 (144A) 3,400,000 $3,375,964
Basic Energy Services, Inc., 7.75%, 10/15/22 7,874,000 $7,704,272
Berkeley-Kane Flt% 12jun15 1,004,200 $1,028,000
BioMarin Pharmaceutical, Inc., 0.75%, 10/15/18 1,920,000 $2,209,840
BioMarin Pharmaceutical, Inc., 1.5%, 10/15/20 1,920,000 $2,258,480
Bio-Rad Laboratories, Inc. 46,569 $5,253,915
BioScrip, Inc. 255,259 $1,648,973
BioScrip, Inc., 8.875%, 2/15/21 (144A) 3,675,000 $3,817,355
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 1,232,125 $1,239,312
BioScrip, Inc., Initial Term B Loan, 7/31/20 2,053,542 $2,065,521
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 250,000 $254,242
Boart Longyear Management Pty, Ltd., 10.0%, 10/1/18 (144A) 2,755,000 $2,970,808
Bombardier, Inc., 6.0%, 10/15/22 (144A) 3,025,000 $3,114,364
Bristow Group, Inc., 6.25%, 10/15/22 4,245,000 $4,426,592
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 2,100,000 $2,288,067
Brown Shoe Co, Inc., 7.125%, 5/15/19 2,350,000 $2,544,707
Burger King Worldwide Inc 2nd Lien Bridge L + 0% 26aug15 12,525,000 $12,525,000
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 575,000 $592,461
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 2,435,000 $2,559,794
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 6,525,000 $6,348,100
Cambium Learning Group, Inc., 9.75%, 2/15/17 3,695,000 $3,697,155
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 575,000 $579,195
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 6,345,000 $6,236,606
Carriage Services, Inc., 2.75%, 3/14/21 (144A) 2,195,000 $2,371,454
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 2,150,000 $2,192,104
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18 10,236,000 $10,684,678
CCO Holdings LLC, 6.5%, 4/30/21 9,250,000 $9,760,420
Cengage Learning Holdings II LP 13,966 $392,794
CenturyLink, Inc., 5.8%, 3/15/22 3,625,000 $3,869,365
CenturyLink, Inc., 6.45%, 6/15/21 3,300,000 $3,693,910
Cepheid, 1.25%, 2/1/21 (144A) 1,905,000 $2,096,691
CEVA GROUP Plc 2,282 $2,110,906
CEVA GROUP Plc, 0.0%, 12/31/14 4,940 $4,569,546
Chaparral Energy, Inc., 8.25%, 9/1/21 3,310,000 $3,372,063
Chemtura Corp., 5.75%, 7/15/21 2,725,000 $2,764,323
Chesapeake Energy Corp., 5.375%, 6/15/21 8,435,000 $8,964,765
CHS, 8.0%, 11/15/19 11,400,000 $12,732,533
Ciena Corp., 0.875%, 6/15/17 9,000,000 $8,742,875
Cigna Corp. 67,800 $6,750,846
Cincinnati Bell, Inc., 8.375%, 10/15/20 13,358,000 $14,376,176
Cinedigm Digital Funding I LLC, Term Loan, 2/28/18 1,125,011 $1,125,011
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 1,560,000 $1,407,758
Citigroup, Inc., Floating Rate Note (Perpetual) 411,000 $11,121,660
Citigroup, Inc., Floating Rate Note (Perpetual) 2,375,000 $2,392,707
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 2,470,000 $2,580,155
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 595,000 $500,508
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 1,935,000 $1,794,299
Cobalt International Energy, Inc., 2.625%, 12/1/19 7,895,000 $5,953,323
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 1,250,000 $1,298,404
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 2,650,000 $2,649,769
Commercial Vehicle Group, Inc. 482,433 $3,159,936
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 1,400,000 $1,430,277
Comstock Resources, Inc., 7.75%, 4/1/19 3,832,000 $3,780,108
Concho Resources, Inc., 5.5%, 4/1/23 3,675,000 $3,903,156
Concho Resources, Inc., 6.5%, 1/15/22 2,925,000 $3,214,981
Constellation Brands, Inc., 3.75%, 5/1/21 4,100,000 $4,182,000
Corsicanto, Ltd., 3.5%, 1/15/32 4,815,000 $2,914,546
Crestwood Midstream Partners LP, 6.125%, 3/1/22 4,810,000 $4,907,202
Crown Cork & Seal Co, Inc., 7.375%, 12/15/26 13,120,000 $14,863,138
Cubist Pharmaceuticals, Inc. 104,790 $7,575,269
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 4,900,000 $5,619,688
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 6,805,000 $7,966,103
CWGS Group LLC, Term Loan, 2/20/20 7,060,094 $7,086,569
DAE Aviation Holdings, Inc., Replacement Tranche B-1 Loan, 11/2/18 1,931,898 $1,934,921
Dana Holding Corp., 6.0%, 9/15/23 4,650,000 $4,918,150
Dartmouth Zero% 31dec14 4,080,000 $4,039,200
Denbury Resources, Inc., 5.5%, 5/1/22 4,670,000 $4,729,088
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 4,350,000 $4,287,469
DR Horton, Inc., 5.75%, 8/15/23 5,045,000 $5,440,472
Dycom Investments, Inc., 7.125%, 1/15/21 3,000,000 $3,212,938
DynCorp International, Inc., 10.375%, 7/1/17 1,583,000 $1,412,168
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 400,000 $434,603
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 500,000 $510,381
EMC Corp./MA 103,800 $2,982,174
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 5,787,000 $5,977,047
Emulex Corp., 1.75%, 11/15/18 (144A) 3,295,000 $3,020,920
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 2,715,000 $2,702,962
Endologix, Inc., 2.25%, 12/15/18 3,015,000 $2,788,121
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 4,155,000 $3,508,898
Energy Transfer Equity LP, 5.875%, 1/15/24 3,520,000 $3,756,891
Energy XXI, Ltd., 3.0%, 12/15/18 (144A) 1,000,000 $721,958
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 3,865,000 $3,317,458
Entegris, Inc., 6.0%, 4/1/22 (144A) 5,100,000 $5,214,750
EP Energy LLC, 9.375%, 5/1/20 13,000,000 $14,811,875
EPL Oil & Gas, Inc., 8.25%, 2/15/18 5,205,000 $5,139,504
Equinix, Inc., 5.375%, 4/1/23 5,465,000 $5,660,260
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 1,995,000 $1,975,050
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 13,780,672 $13,756,556
Exterran Holdings, Inc., 7.25%, 12/1/18 1,725,000 $1,824,547
Exterran Partners LP, 6.0%, 10/1/22 (144A) 5,175,000 $4,993,875
Exterran Partners LP, 6.0%, 4/1/21 2,750,000 $2,667,500
Ferrellgas LP, 6.5%, 5/1/21 1,850,000 $1,924,000
Ferrellgas LP, 6.75%, 1/15/22 3,585,000 $3,683,139
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 5,400,000 $5,752,688
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 5,168,665 $4,995,515
Fifth Third Bancorp, Floating Rate Note (Perpetual) 60,650 $1,645,435
Flextronics International, Ltd., 4.625%, 2/15/20 1,380,000 $1,414,174
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 4,250,000 $4,535,303
Fly Leasing, Ltd., 6.375%, 10/15/21 5,000,000 $4,999,792
Ford Motor Co., 4.25%, 11/15/16 6,341,000 $10,567,100
Forest City Enterprises, Inc. 429,214 $8,966,280
Forest City Enterprises, Inc., 3.625%, 8/15/20 4,885,000 $5,221,590
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 1,500,000 $1,530,901
Freeport-McMoRan, Inc. 264,669 $7,543,067
Frontier Communications Corp., 7.125%, 1/15/23 4,750,000 $5,158,401
Frontier Communications Corp., 8.5%, 4/15/20 9,705,000 $11,221,676
Frontier Communications Corp., 8.75%, 4/15/22 3,100,000 $3,592,556
FTS International, Inc., 6.25%, 5/1/22 (144A) 1,275,000 $1,248,039
Fts International Inc 1st Lien Term L + 4.75% 01apr21 1,281,545 $1,263,924
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,800,000 $1,887,710
Gannett Co, Inc., 6.375%, 10/15/23 6,170,000 $6,650,232
General Cable Corp. 667,230 $9,454,649
General Cable Corp., 4.5%, 11/15/29 (Step) 10,874,000 $7,409,272
Gentiva Health Services, Inc., 11.5%, 9/1/18 684,000 $745,845
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 7,396,040 $7,419,153
Gibraltar Industries, Inc., 6.25%, 2/1/21 2,750,000 $2,875,469
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 3,319,000 $867,837
GLP Capital LP, 4.375%, 11/1/18 2,075,000 $2,177,453
GLP Capital LP, 4.875%, 11/1/20 3,250,000 $3,459,219
GMAC Capital Trust I, Floating Rate Note, 2/15/40 358,975 $9,595,402
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 2,513,900 $2,405,193
GS Mortgage Securities Corp II Series 2004-GG2, Floating Rate Note, 8/10/38 1,000,000 $444,668
Gulfport Energy Corp., 7.75%, 11/1/20 7,615,000 $8,062,381
Halcon Resources Corp. 9,222 $28,680
Halcon Resources Corp., 0.0% (Perpetual) 715 $474,313
Halcon Resources Corp., 8.875%, 5/15/21 7,255,000 $6,246,001
Halcon Resources Corp., 9.25%, 2/15/22 3,225,000 $2,683,290
Hexion US Finance Corp., 8.875%, 2/1/18 2,756,000 $2,786,144
Hexion US Finance Corp., 9.0%, 11/15/20 2,445,000 $2,356,980
Hologic, Inc., 2.0%, 12/15/37 (Step) 2,081,000 $2,610,470
Hologic, Inc., 2.0%, 3/1/42 (Step) 3,450,000 $3,767,688
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 1,400,000 $1,040,505
Horizon Lines, Inc. 4,099,666 $1,619,368
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6,445,000 $5,353,378
Iap Worldwide Services Inc 53 $45,063
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 423,060 $375,465
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 1,200,000 $1,232,162
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 1,500,000 $1,569,938
Insulet Corp., 2.0%, 6/15/19 960,000 $1,107,973
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 1,150,000 $1,239,157
Intelsat Luxembourg SA, 7.75%, 6/1/21 3,900,000 $4,201,438
International Equipment Solutions LLC, Initial Loan, 8/16/19 2,876,697 $2,874,899
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 2,950,000 $2,970,691
j2 Global, Inc., 8.0%, 8/1/20 6,085,000 $6,678,288
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,990,000 $2,210,973
James River Coal Co., 7.875%, 4/1/19 4,170,000 $384,422
Jarden Corp., 1.125%, 3/15/34 (144A) 5,470,000 $5,853,926
Jazz Investments I, Ltd., 1.875%, 8/15/21 (144A) 2,050,000 $2,373,516
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 4,030,000 $4,422,925
JLL, 7.5%, 2/1/22 (144A) 5,610,000 $5,812,241
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 2,855,000 $2,927,921
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 3,863,910 $3,747,993
Joy Global, Inc. 109,200 $5,747,196
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 4,270,000 $4,248,280
Kane Flt% 12jun15 3,040,000 $2,818,688
Kane Flt% 14jul15 1,018,720 $980,416
Kane Flt% 30jul16 1,450,000 $1,547,440
Kane-Pi3 Flt% 07apr15 1,255,400 $1,297,958
Kane- Pi3 Zero% 18jul16 4,010,500 $4,261,156
KB Home, 1.375%, 2/1/19 11,400,000 $11,033,063
KB Home, 7.0%, 12/15/21 8,375,000 $9,182,722
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 3,635,000 $3,920,701
Kennametal, Inc. 139,920 $5,402,311
Kennedy-Wilson, Inc., 5.875%, 4/1/24 1,480,000 $1,515,218
Key Energy Services, Inc., 6.75%, 3/1/21 2,555,000 $2,302,694
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 2,575,000 $2,671,795
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $356,396
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 2,200,000 $2,173,233
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 2,397,863 $2,384,375
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 1,400,000 $1,443,672
Kodiak Oil & Gas Corp., 5.5%, 2/1/22 3,000,000 $3,101,250
Kodiak Oil & Gas Corp., 8.125%, 12/1/19 5,200,000 $5,766,042
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 7,459,000 $7,365,452
Lear Corp., 11/9/14 2,230 $413,085
Legacy Reserves LP, 6.625%, 12/1/21 3,350,000 $3,341,974
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 3,850,000 $3,840,776
Lennar Corp., 2.75%, 12/15/20 (144A) 3,015,000 $5,918,110
Lennar Corp., 4.5%, 6/15/19 4,150,000 $4,295,790
Lennar Corp., 4.75%, 11/15/22 8,730,000 $8,790,261
Liberty Media Corp., 1.375%, 10/15/23 (144A) 4,425,000 $4,413,876
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 2,400,000 $2,278,000
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 3,860,000 $3,634,431
Linn Energy LLC, 6.25%, 11/1/19 12,635,000 $12,039,049
Live Nation Entertainment, Inc., 5.375%, 6/15/22 (144A) 1,300,000 $1,333,917
Live Nation Entertainment, Inc., 7.0%, 9/1/20 (144A) 3,050,000 $3,276,208
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 1,500,000 $1,550,310
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 33,500 $3,713,475
LyondellBasell Industries NV 77,355 $7,088,039
Marathon Oil Corp. 147,800 $5,232,120
Marathon Petroleum Corp. 73,900 $6,717,510
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 429,211 $4,682
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 5,360,000 $5,591,150
MedAssets, Inc., 8.0%, 11/15/18 1,400,000 $1,504,144
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 1,130,000 $1,045,093
Memorial Production Partners LP, 7.625%, 5/1/21 3,350,000 $3,373,031
Mentor Graphics Corp., 4.0%, 4/1/31 5,815,000 $6,826,568
Meritage Homes Corp., 7.0%, 4/1/22 3,660,000 $3,992,450
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 1,825,000 $1,938,885
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 4,155,000 $3,735,172
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 2,800,000 $2,487,917
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 8,775,000 $2,530,369
MMM Holdings, Inc., MMM Term Loan, 12/12/17 791,470 $785,534
Monitronics International, Inc., 9.125%, 4/1/20 2,400,000 $2,490,250
Monitronics International, Inc., Term B Loan (2013), 3/23/18 5,962,846 $5,949,805
Morgan Stanley, Floating Rate Note (Perpetual) 189,000 $5,152,140
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 1,675,000 $1,831,357
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 575,414 $569,659
Mueller Water Products, Inc., 7.375%, 6/1/17 6,155,000 $6,436,463
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 2,400,000 $2,502,320
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 500,000 $522,356
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,800,000 $1,713,850
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 2,577,050 $2,560,943
National Surgical Hospitals, Inc., Tranche B-2 Term Loan, 7/11/19 1,509,779 $1,513,553
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,515,000 $1,449,981
Nationstar Mortgage LLC, 6.5%, 7/1/21 10,350,000 $9,849,750
Nationstar Mortgage LLC, 6.5%, 8/1/18 1,820,000 $1,813,175
Navistar International Corp., 8.25%, 11/1/21 6,850,000 $7,324,363
NCR Corp. 107,427 $2,972,505
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 1,618,681 $1,595,817
NeuStar, Inc., 4.5%, 1/15/23 5,048,000 $4,433,406
North Atlantic Drilling, Ltd., 6.25%, 2/1/19 (144A) 4,015,000 $3,395,184
Northern Oil and Gas, Inc., 8.0%, 6/1/20 4,125,000 $3,984,063
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 1,450,000 $1,544,955
NRG Energy, Inc., 7.625%, 1/15/18 4,700,000 $5,381,272
Nuance Communications, Inc., 2.75%, 11/1/31 16,972,000 $16,791,673
Numericable Group SA, 6.0%, 5/15/22 (144A) 1,575,000 $1,630,388
Nu Skin Enterprises, Inc. 51,889 $2,741,296
NuStar Logistics LP, Floating Rate Note, 1/15/43 130,000 $3,463,200
NuVasive, Inc., 2.75%, 7/1/17 459,000 $555,868
Oasis Petroleum, Inc., 6.5%, 11/1/21 2,820,000 $2,982,150
Offshore Group Investment, Ltd., 7.5%, 11/1/19 3,650,000 $3,248,500
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 2,314,750 $2,083,275
ON Semiconductor Corp., 2.625%, 12/15/26 16,914,000 $18,794,273
Orbital Sciences Corp. 130,345 $3,428,074
Outerwall, Inc., 5.875%, 6/15/21 (144A) 4,010,000 $3,962,576
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 3,100,000 $3,274,676
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 1,532,000 $1,577,003
Pangaea Zero% 01jul18 5,120,000 $5,359,616
Parker Drilling Co., 7.5%, 8/1/20 2,995,000 $2,946,331
PC Nextco Holdings LLC, 8.75%, 8/15/19 2,805,000 $2,898,890
PDC Energy, Inc., 7.75%, 10/15/22 4,960,000 $5,226,176
PDL BioPharma, Inc., 4.0%, 2/1/18 4,538,000 $4,693,994
Penn Virginia Corp., 6.0% (Perpetual) (144A) 20,400 $1,685,652
Penn Virginia Corp., 7.25%, 4/15/19 5,345,000 $5,014,798
Penn Virginia Corp., 8.5%, 5/1/20 4,995,000 $5,094,900
PetroQuest Energy, Inc., 6.875% (Perpetual) 59,180 $2,500,355
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 1,440,000 $1,565,120
Polymet Mining Corp. 1,002,650 $1,052,783
Post Holdings, Inc., 2.5% (Perpetual) (144A) 73,300 $5,712,819
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 1,775,000 $1,822,703
Post Holdings, Inc., 7.375%, 2/15/22 2,100,000 $2,185,196
PPL Capital Funding, Inc., 5.9%, 4/30/73 214,000 $5,210,900
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 1,595,000 $1,818,832
QR Energy LP, 9.25%, 8/1/20 3,075,000 $3,538,172
Quebecor Media, Inc., 5.75%, 1/15/23 5,975,000 $6,284,040
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 2,000,000 $2,052,067
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 1,450,000 $1,522,291
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 250,000 $257,875
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 1,150,000 $1,185,586
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 1,750,000 $1,860,833
Regal Entertainment Group, 5.75%, 2/1/25 4,895,000 $4,696,141
Regal Entertainment Group, 5.75%, 3/15/22 425,000 $418,560
Rent-A-Center, Inc., 6.625%, 11/15/20 2,590,000 $2,578,471
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/15 (Cat Bond) (144A) 2,000,000 $2,171,422
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $836,820
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 3,450,000 $3,701,045
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 1,750,000 $1,859,813
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 250,000 $264,581
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 950,000 $1,117,770
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 2,100,000 $2,363,393
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $548,072
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,750,000 $2,129,225
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,100,000 $1,234,090
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 250,000 $270,303
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 800,000 $870,551
Resolute Forest Products, Inc., 5.875%, 5/15/23 3,845,000 $3,785,750
Revlon Consumer Products Corp., 5.75%, 2/15/21 2,495,000 $2,525,287
Rexel SA, 5.25%, 6/15/20 (144A) 5,200,000 $5,342,133
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 6,700,000 $7,319,192
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 7,495,000 $8,060,456
Reynolds Group Issuer, Inc., 9.0%, 4/15/19 800,000 $839,200
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 4,565,000 $5,053,899
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 1,800,000 $1,893,000
Rice Energy, Inc., 6.25%, 5/1/22 (144A) 3,295,000 $3,292,254
RKI Exploration & Production LLC, 8.5%, 8/1/21 (144A) 7,285,000 $7,275,894
Rosetta Resources, Inc., 5.875%, 6/1/22 8,170,000 $8,043,195
RTI International Metals, Inc., 1.625%, 10/15/19 3,805,000 $3,643,657
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 6,775,000 $7,192,086
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 2,000,000 $2,129,556
Salix Pharmaceuticals, Ltd., 1.5%, 3/15/19 3,720,000 $8,319,005
Sanchez Energy Corp., 7.75%, 6/15/21 5,075,000 $5,325,085
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) 2,400,000 $2,439,560
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,600,000 $1,638,311
SandRidge Energy, Inc., 7.0% (Perpetual) 33,162 $2,798,044
Scientific Games International, Inc., 6.25%, 9/1/20 700,000 $563,500
SEACOR Holdings, Inc., 3.0%, 11/15/28 (144A) 2,170,000 $2,106,437
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 5,900,000 $6,085,481
Seagate HDD Cayman, 4.75%, 6/1/23 4,300,000 $4,522,833
Sealy Corp., 8.0%, 7/15/16 (PIK) 143,000 $11,332,750
Sector Re V, Ltd., 0.0%, 12/1/17 (Cat Bond) (144A) 13,799 $0
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 2,150,000 $2,521,735
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 3,587 $113,846
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 1,250,000 $1,387,750
ServiceNow, Inc., 0.0%, 11/1/18 (144A) 2,235,000 $2,538,122
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 6,910,000 $7,121,619
Ship Midco, Ltd., Facility B2A-II, 11/29/19 2,469,527 $2,477,758
Shutterfly, Inc., 0.25%, 5/15/18 7,455,000 $7,198,010
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 2,000,000 $2,420,800
SolarCity Corp., 1.625%, 11/1/19 (144A) 6,160,000 $5,983,820
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 4,460,000 $4,487,256
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 400,000 $414,931
Sprint Corp., 7.25%, 9/15/21 (144A) 2,490,000 $2,656,242
Standard Aero, Ltd., Replacement Tranche B-2 Loan, 11/2/18 875,796 $876,343
Standard Pacific Corp., 6.25%, 12/15/21 6,975,000 $7,488,438
Starbucks Corp. 59,425 $4,490,153
Stone Energy Corp., 7.5%, 11/15/22 1,945,000 $1,880,977
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 875,000 $885,230
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 375,000 $402,084
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 1,200,000 $1,309,817
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 2,250,000 $2,392,734
Surgery Center Holdings, Inc., Term Loan (First Lien), 4/11/19 1,906,050 $1,909,633
Swift Energy Co., 7.875%, 3/1/22 12,235,000 $11,202,672
syncreon Group BV, 8.625%, 11/1/21 (144A) 3,500,000 $3,572,188
Talos Production LLC, 9.75%, 2/15/18 (144A) 3,000,000 $3,084,250
Targa Resources Partners LP, 4.25%, 11/15/23 4,685,000 $4,729,963
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 1,000,000 $1,073,817
TE Connectivity, Ltd. 58,898 $3,600,435
Tesoro Corp., 5.375%, 10/1/22 4,695,000 $4,856,880
The Geo Group, Inc., 5.875%, 10/15/24 6,405,000 $6,634,779
The KEYW Holding Corp., 2.5%, 7/15/19 2,150,000 $1,920,368
Theravance, Inc., 2.125%, 1/15/23 9,215,000 $7,855,851
Thermo Fisher Scientific, Inc. 95,749 $11,257,210
The Ryland Group, Inc., 5.375%, 10/1/22 2,540,000 $2,500,577
TIBCO Software, Inc., 2.25%, 5/1/32 3,900,000 $3,912,188
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 3,011,142 $2,988,558
T-Mobile USA, Inc., 6.125%, 1/15/22 965,000 $1,017,385
T-Mobile USA, Inc., 6.5%, 1/15/24 1,200,000 $1,279,967
T-Mobile USA, Inc., 6.542%, 4/28/20 4,300,000 $4,609,171
T-Mobile USA, Inc., 6.633%, 4/28/21 2,865,000 $3,068,086
T-Mobile USA, Inc., 6.731%, 4/28/22 2,000,000 $2,149,777
TMS International Corp., 7.625%, 10/15/21 (144A) 2,165,000 $2,269,762
TMX Finance LLC, 8.5%, 9/15/18 (144A) 3,265,000 $3,218,837
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 8,491,292 $8,399,306
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 250,000 $252,545
Tronox Finance LLC, 6.375%, 8/15/20 5,195,000 $5,407,779
Twitter, Inc., 0.25%, 9/15/19 2,055,000 $1,879,669
United Airlines, Inc., 4.5%, 1/15/15 1,960,000 $5,501,720
United Continental Holdings, Inc., 6.0%, 7/15/26 3,200,000 $3,152,533
Universal Hospital Services, Inc., 7.625%, 8/15/20 1,265,000 $1,200,102
Univision Communications, Inc., 6.875%, 5/15/19 (144A) 6,035,000 $6,535,612
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 1,417,513 $1,405,257
USI, Inc. New York, 7.75%, 1/15/21 (144A) 4,900,000 $5,073,065
Vanguard Natural Resources LLC, 7.875%, 4/1/20 4,700,000 $4,672,094
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 1,000,000 $987,757
Vertafore, Inc., Term Loan (2013), 10/3/19 668,841 $665,915
ViaSat, Inc., 6.875%, 6/15/20 3,000,000 $3,250,417
Viasystems, Inc., 7.875%, 5/1/19 (144A) 5,300,000 $5,826,688
Videotron, Ltd., 5.375%, 6/15/24 (144A) 9,050,000 $9,505,265
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 4,290,000 $4,660,132
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 7,575,000 $7,485,047
Virtual Radiologic Corp., Term Loan A, 12/22/16 1,107,464 $849,979
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 3,755,000 $3,322,236
Voya Financial, Inc., Floating Rate Note, 5/15/53 4,200,000 $4,309,422
Waters Corp. 17,606 $1,950,745
WCA Waste Corp., Term Loan, 3/23/18 619,125 $613,708
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 3,350,000 $3,537,954
WebMD Health Corp., 1.5%, 12/1/20 (144A) 5,145,000 $5,350,800
WebMD Health Corp., 2.5%, 1/31/18 6,420,000 $6,641,133
WellCare Health Plans, Inc., 5.75%, 11/15/20 5,370,000 $5,672,406
Wells Fargo & Co., 7.5% (Perpetual) 2,000 $2,408,000
WESCO Distribution, Inc., 5.375%, 12/15/21 5,145,000 $5,275,197
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 700,000 $408,309
Windstream Corp., 6.375%, 8/1/23 2,775,000 $2,840,039
Windstream Corp., 7.5%, 6/1/22 11,030,000 $12,064,063
Windstream Corp., 7.75%, 10/15/20 3,460,000 $3,696,818
Windstream Holdings, Inc. 585,800 $6,139,184
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 2,665,000 $2,633,020
Xerium Technologies, Inc., 8.875%, 6/15/18 2,660,000 $2,895,484

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