Pioneer High Yield Fund

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

Security Name Par / Shares Market Value
14112z Zero% 01feb19 4,500,000 $4,690,800
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 3,152,378 $3,057,807
Acacn 5% 15mar20 144a 1,920,000 $1,924,499
Acgl Zero% 01jul16 1,500,000 $1,516,500
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 3,285,000 $3,589,592
Advanced Micro Devices, Inc., 6.75%, 3/1/19 4,205,000 $4,102,503
Advanced Micro Devices, Inc., 7.0%, 7/1/24 3,020,000 $2,657,600
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 8,476 $8,501
AECOM, 5.75%, 10/15/22 (144A) 1,385,000 $1,472,188
AECOM, 5.875%, 10/15/24 (144A) 1,390,000 $1,499,197
AES Corp. Virginia, 5.5%, 3/15/24 1,650,000 $1,649,908
Aetna, Inc. 69,282 $7,380,611
Affinion Group, Inc., Tranche B Term Loan, 4/30/18 1,978,077 $1,880,409
Aguila 3 SA, 7.875%, 1/31/18 (144A) 1,700,000 $1,722,684
Akamai Technologies, Inc., 0.0%, 2/15/19 4,555,000 $4,921,222
Albany Molecular Research, Inc., 2.25%, 11/15/18 2,990,000 $3,832,059
Alere, Inc., 3.0%, 5/15/16 9,460,000 $11,258,188
Alere, Inc., 3.0% (Perpetual) 6,508 $2,211,093
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 1,179,006 $1,176,796
Alliance One International, Inc., 9.875%, 7/15/21 8,460,000 $7,621,168
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 1,236,483 $1,237,772
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 7,405 $7,418
Ally Financial, Inc., 4.625%, 3/30/25 2,000,000 $1,970,257
Ally Financial, Inc., 7.0% (Perpetual) (144A) 3,225 $3,310,160
Alpha Natural Resources, Inc., 3.75%, 12/15/17 4,705,000 $1,795,742
Altice Financing SA, 6.625%, 2/15/23 (144A) 1,840,000 $1,914,501
Altrl Zero% 30jun16 4,064,365 $2,919,433
Altrl Zero% 30jun17 1,680,000 $1,704,864
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3,365,000 $1,658,665
AMG Capital Trust II, 5.15%, 10/15/37 48,000 $2,937,000
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5,795,000 $5,844,097
Antero Resources Corp., 6.0%, 12/1/20 3,360,000 $3,428,880
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 6,901,000 $6,567,452
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 3,653,453 $3,899,242
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 3,350,000 $3,430,191
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 4,300,000 $779,839
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 1,945,403 $1,955,434
Argos Merger Sub, Inc., 7.125%, 3/15/23 (144A) 2,710,000 $2,822,719
ARIAD Pharmaceuticals, Inc., 3.625%, 6/15/19 (144A) 1,340,000 $1,558,653
Arlington Flt% 01aug15 1,200,000 $1,339,080
Ascent Capital Group, Inc., 4.0%, 7/15/20 2,710,000 $2,070,628
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 2,350,000 $2,526,642
Aviv Healthcare Properties LP, 7.75%, 2/15/19 2,675,000 $2,815,177
Axalta Coating Systems US Holdings, Inc., Refinanced Term B Loan, 2/1/20 1,489,426 $1,482,656
Axiall Corp. 127,734 $5,995,834
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 2,000,000 $2,054,515
Bank of America Corp., Floating Rate Note, 10/23/49 475,000 $510,871
Bank of America Corp., Floating Rate Note, 9/29/49 4,125,000 $4,221,753
Bank of America Corp., Floating Rate Note (Perpetual) 3,175,000 $3,214,282
Bankrate, Inc., 6.125%, 8/15/18 (144A) 3,400,000 $3,384,110
Berkeley-Kane Flt% 12jun15 1,004,200 $1,051,598
BioMarin Pharmaceutical, Inc., 0.75%, 10/15/18 1,920,000 $2,863,840
BioMarin Pharmaceutical, Inc., 1.5%, 10/15/20 1,920,000 $2,920,880
Bio-Rad Laboratories, Inc. 38,161 $5,158,604
BioScrip, Inc. 255,259 $1,130,797
BioScrip, Inc., 8.875%, 2/15/21 (144A) 3,675,000 $3,344,582
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 1,232,125 $1,224,425
BioScrip, Inc., Initial Term B Loan, 7/31/20 2,053,542 $2,040,708
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 250,000 $253,169
Bombardier, Inc., 6.0%, 10/15/22 (144A) 2,250,000 $2,174,438
Bristow Group, Inc., 6.25%, 10/15/22 4,001,000 $3,916,257
Brocade Communications Systems, Inc., 1.375%, 1/1/20 (144A) 2,595,000 $2,737,247
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 2,100,000 $2,234,692
Brown Shoe Co, Inc., 7.125%, 5/15/19 2,350,000 $2,504,317
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 2,080,000 $1,898,000
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 6,525,000 $6,524,819
Cambium Learning Group, Inc., 9.75%, 2/15/17 3,695,000 $3,704,084
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 575,000 $578,144
Cardtronics, Inc., 1.0%, 12/1/20 6,345,000 $6,298,734
Carriage Services, Inc., 2.75%, 3/14/21 (144A) 2,195,000 $2,638,055
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 2,150,000 $2,216,292
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18 10,236,000 $11,078,124
CCO Holdings LLC, 6.5%, 4/30/21 9,250,000 $9,964,691
Cengage Learning Holdings II LP 13,966 $316,854
CenturyLink, Inc., 5.625%, 4/1/25 (144A) 2,765,000 $2,780,553
CenturyLink, Inc., 5.8%, 3/15/22 3,625,000 $3,783,876
CenturyLink, Inc., 6.45%, 6/15/21 3,300,000 $3,622,548
Cepheid, 1.25%, 2/1/21 3,076,000 $3,422,691
CEVA GROUP Plc 2,282 $1,654,494
CEVA GROUP Plc, 0.0%, 12/31/14 4,940 $3,581,536
Chaparral Energy, Inc., 8.25%, 9/1/21 3,310,000 $2,306,656
Chesapeake Energy Corp., 5.375%, 6/15/21 8,435,000 $8,315,446
CHS, 8.0%, 11/15/19 11,400,000 $12,457,033
Cigna Corp. 51,208 $6,628,364
Cimpress NV, 7.0%, 3/24/22 (144A) 4,475,000 $4,537,028
Cincinnati Bell, Inc., 8.375%, 10/15/20 9,858,000 $10,867,144
Cinedigm Digital Funding I LLC, Term Loan, 2/28/18 909,098 $912,508
Citigroup, Inc., Floating Rate Note (Perpetual) 2,375,000 $2,410,717
Citigroup, Inc., Floating Rate Note (Perpetual) 411,000 $11,360,040
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 2,470,000 $2,605,370
Cliffs Natural Resources, Inc., 8.25%, 3/31/20 (144A) 3,375,000 $3,173,273
Cme: (Cdx.Na.Hy.23.V3) Usd 20dec19 Z91mw60e6 27,913,851 $2,678,197
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 595,000 $532,699
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 1,935,000 $1,848,001
Cobalt International Energy, Inc., 2.625%, 12/1/19 7,895,000 $5,807,759
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 (144A) 2,650,000 $2,649,107
Commercial Vehicle Group, Inc. 482,433 $3,106,869
Comstock Resources, Inc., 9.5%, 6/15/20 3,580,000 $1,657,441
Concho Resources, Inc., 5.5%, 4/1/23 3,675,000 $3,803,258
Concho Resources, Inc., 6.5%, 1/15/22 2,925,000 $3,104,075
Constellation Brands, Inc., 3.75%, 5/1/21 4,100,000 $4,256,313
Corsicanto, Ltd., 3.5%, 1/15/32 2,615,000 $2,804,297
Crestwood Midstream Partners LP, 6.125%, 3/1/22 4,810,000 $4,870,626
Crown Cork & Seal Co, Inc., 7.375%, 12/15/26 13,120,000 $15,307,304
CWGS Group LLC, Term Loan, 2/20/20 6,925,188 $6,992,279
Denbury Resources, Inc., 5.5%, 5/1/22 4,670,000 $4,298,346
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 4,350,000 $4,388,063
DISH DBS Corp., 5.875%, 11/15/24 3,080,000 $3,149,696
DR Horton, Inc., 5.75%, 8/15/23 5,045,000 $5,498,279
Dycom Investments, Inc., 7.125%, 1/15/21 3,000,000 $3,187,625
DynCorp International, Inc., 10.375%, 7/1/17 1,583,000 $1,426,184
E*TRADE Financial Corp., 4.625%, 9/15/23 1,600,000 $1,633,344
EMC Corp./MA 103,800 $2,653,128
Emergent Biosolutions, Inc., 2.875%, 1/15/21 6,697,000 $7,779,868
Emulex Corp., 1.75%, 11/15/18 3,295,000 $3,363,902
Endologix, Inc., 2.25%, 12/15/18 3,015,000 $3,031,206
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 4,155,000 $1,620,450
Energy Transfer Equity LP, 5.875%, 1/15/24 3,520,000 $3,757,258
Energy XXI, Ltd., 3.0%, 12/15/18 627,000 $184,259
Entegris, Inc., 6.0%, 4/1/22 (144A) 5,100,000 $5,469,750
EP Energy LLC, 9.375%, 5/1/20 13,000,000 $14,125,313
EPL Oil & Gas, Inc., 8.25%, 2/15/18 5,205,000 $3,906,569
Equinix, Inc., 5.375%, 4/1/23 5,465,000 $5,819,542
Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21 1,990,000 $1,969,603
Evolution Escrow Issuer LLC, 7.5%, 3/15/22 (144A) 4,560,000 $4,628,400
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 4,813,691 $4,818,206
Exterran Partners LP, 6.0%, 10/1/22 5,175,000 $4,864,500
Exterran Partners LP, 6.0%, 4/1/21 2,750,000 $2,612,500
Family Tree Escrow LLC, 5.75%, 3/1/23 (144A) 2,910,000 $3,080,437
Ferrellgas LP, 6.5%, 5/1/21 1,850,000 $1,918,604
Ferrellgas LP, 6.75%, 1/15/22 3,585,000 $3,698,465
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 5,400,000 $5,842,125
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 5,168,665 $3,803,817
Fifth Third Bancorp, Floating Rate Note (Perpetual) 60,650 $1,713,363
Flextronics International, Ltd., 4.625%, 2/15/20 1,380,000 $1,455,430
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 4,250,000 $4,401,406
Fly Leasing, Ltd., 6.375%, 10/15/21 5,825,000 $5,950,359
Ford Motor Co. 704,311 $11,367,580
Forest City Enterprises, Inc. 221,343 $5,648,673
Forest City Enterprises, Inc., 3.625%, 8/15/20 4,885,000 $5,707,546
Freeport-McMoRan, Inc. 264,669 $5,015,478
Frontier Communications Corp., 7.125%, 1/15/23 4,750,000 $4,928,323
Frontier Communications Corp., 8.5%, 4/15/20 9,705,000 $11,274,245
Frontier Communications Corp., 8.75%, 4/15/22 3,100,000 $3,566,076
Gannett Co, Inc., 6.375%, 10/15/23 6,170,000 $6,875,822
General Cable Corp. 400,001 $6,892,017
General Cable Corp., 4.5%, 11/15/29 (Step) 10,874,000 $8,809,299
Gibraltar Industries, Inc., 6.25%, 2/1/21 2,750,000 $2,819,896
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 3,319,000 $772,728
GLP Capital LP, 4.375%, 11/1/18 2,075,000 $2,169,888
GLP Capital LP, 4.875%, 11/1/20 3,250,000 $3,397,266
GMAC Capital Trust I, Floating Rate Note, 2/15/40 358,975 $9,423,094
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 2,513,900 $2,398,821
GS Mortgage Securities Corp II Series 2005-GG4, Floating Rate Note, 7/10/39 2,000,000 $1,990,986
Gulfport Energy Corp., 7.75%, 11/1/20 7,615,000 $8,051,276
Halcon Resources Corp. 5,301 $8,164
Halcon Resources Corp., 0.0% (Perpetual) 715 $211,104
Halcon Resources Corp., 8.875%, 5/15/21 7,255,000 $5,285,469
Halcon Resources Corp., 9.25%, 2/15/22 3,225,000 $2,263,368
Hexion, Inc., 6.625%, 4/15/20 1,220,000 $1,153,569
Hexion, Inc., 8.875%, 2/1/18 2,756,000 $2,472,936
Hexion, Inc., 9.0%, 11/15/20 2,445,000 $1,794,630
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 1,400,000 $955,507
Horizon Lines, Inc. 4,099,666 $2,664,783
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6,445,000 $5,550,756
Iap Worldwide Services Inc 53 $39,761
Iap Worldwide Services Inc 1st Lien Tl L + 6.5% 18jul19 421,999 $392,459
Immunomedics, Inc., 4.75%, 2/15/20 (144A) 1,420,000 $1,425,222
Insulet Corp., 2.0%, 6/15/19 5,985,000 $6,068,873
International Equipment Solutions LLC, Initial Loan, 8/16/19 1,812,341 $1,818,004
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 2,950,000 $2,725,165
j2 Global, Inc., 8.0%, 8/1/20 6,085,000 $6,652,933
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,990,000 $2,116,033
James River Coal Co., 7.875%, 4/1/19 4,170,000 $503,006
Jarden Corp., 1.125%, 3/15/34 5,470,000 $6,498,360
Jazz Investments I, Ltd., 1.875%, 8/15/21 (144A) 2,050,000 $2,390,599
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 4,030,000 $4,553,900
JLL, 7.5%, 2/1/22 (144A) 5,610,000 $5,904,525
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 2,855,000 $2,408,668
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 3,863,910 $3,467,859
Joy Global, Inc. 109,200 $4,278,456
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 4,270,000 $4,272,467
Kane Flt% 12jun15 3,040,000 $2,976,160
Kane Flt% 14jul15 1,018,720 $1,002,624
Kane Ilw Zero% 02feb16 1,500,000 $1,402,500
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,467,400 $1,471,655
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,261,500 $1,266,924
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 1,514,150 $1,517,330
Kane Sac, Ltd., 0.0%, 1/7/16 (Cat Bond) 3,014,550 $3,026,307
Kane Zero% 15jan16 506,000 $508,328
Kane Zero% 19feb16 3,600,000 $3,770,280
Kane Zero% 22jan16 3,000,000 $3,039,000
Kane Zero% 22jan16 1,000,000 $1,017,800
Kane Zero% 29apr16 6,200,000 $6,428,160
KB Home, 1.375%, 2/1/19 11,400,000 $10,927,375
KB Home, 7.0%, 12/15/21 8,375,000 $8,694,181
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 3,635,000 $3,893,060
Kennametal, Inc. 139,920 $4,713,905
Kennedy-Wilson, Inc., 5.875%, 4/1/24 1,480,000 $1,527,175
Key Energy Services, Inc., 6.75%, 3/1/21 1,545,000 $1,005,216
Kilimanjaro Re, Ltd., Floating Rate Note, 11/25/19 (Cat Bond) (144A) 1,000,000 $1,002,071
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 2,385,783 $2,397,712
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 7,459,000 $7,584,560
Legacy Reserves LP, 6.625%, 12/1/21 4,975,000 $4,040,115
Lennar Corp., 2.75%, 12/15/20 (144A) 3,015,000 $7,039,941
Lennar Corp., 4.5%, 6/15/19 4,150,000 $4,339,863
Lennar Corp., 4.75%, 11/15/22 8,730,000 $9,039,430
Level 3 Financing Inc 1st Lien Tl-B5 L + 3.5% 31jan22 5,000,000 $5,032,590
Liberty Media Corp., 1.375%, 10/15/23 4,425,000 $4,444,759
Liberty Tire Recycling Llc 73,714 $737
Liberty Tire Recycling LLC, 11.0%, 3/31/21 (144A) (PIK) 1,886,000 $1,820,566
Linn Energy LLC, 6.25%, 11/1/19 12,635,000 $10,310,686
Live Nation Entertainment, Inc., 7.0%, 9/1/20 (144A) 2,350,000 $2,516,458
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 33,500 $4,214,300
LyondellBasell Industries NV 77,355 $6,791,769
Marathon Oil Corp. 147,800 $3,859,058
Marathon Petroleum Corp. 56,836 $5,819,438
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 429,211 $15,422
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 5,360,000 $5,829,000
MedAssets, Inc., 8.0%, 11/15/18 1,400,000 $1,501,811
Memorial Production Partners LP, 7.625%, 5/1/21 4,480,000 $4,219,133
Mentor Graphics Corp., 4.0%, 4/1/31 5,815,000 $7,370,513
Meritage Homes Corp., 7.0%, 4/1/22 3,660,000 $4,053,450
Micron Technology, Inc., 5.25%, 8/1/23 (144A) 2,680,000 $2,749,568
Micron Technology, Inc., 5.5%, 2/1/25 (144A) 1,535,000 $1,560,583
Micron Technology, Inc., 5.875%, 2/15/22 1,825,000 $1,939,988
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 2,190,000 $1,129,675
MMM Holdings, Inc., MMM Term Loan, 12/12/17 768,218 $681,794
Monitronics International, Inc., 9.125%, 4/1/20 2,400,000 $2,458,500
Monitronics International, Inc., Term B Loan (2013), 3/23/18 5,932,501 $5,946,407
Morgan Stanley, Floating Rate Note (Perpetual) 189,000 $5,380,830
Morgan Stanley, Floating Rate Note (Perpetual) 4,325,000 $4,376,251
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 1,675,000 $1,802,916
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 558,503 $495,672
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,800,000 $1,672,600
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 2,570,575 $2,576,199
National Surgical Hospitals, Inc., Tranche B-2 Term Loan, 7/11/19 1,502,211 $1,511,600
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,515,000 $1,487,225
Nationstar Mortgage LLC, 6.5%, 7/1/21 10,350,000 $10,207,688
Nationstar Mortgage LLC, 6.5%, 8/1/18 1,820,000 $1,848,817
Navistar International Corp., 8.25%, 11/1/21 4,850,000 $4,883,344
NCL Corp, Ltd., 5.25%, 11/15/19 (144A) 2,750,000 $2,871,688
NCR Corp. 171,011 $5,046,535
NeuStar, Inc., 4.5%, 1/15/23 5,048,000 $4,363,996
Northern Oil and Gas, Inc., 8.0%, 6/1/20 1,430,000 $1,307,258
NRG Energy, Inc., 6.25%, 5/1/24 1,450,000 $1,498,635
NRG Energy, Inc., 7.625%, 1/15/18 4,700,000 $5,251,532
Nuance Communications, Inc., 2.75%, 11/1/31 10,992,000 $11,035,510
Numericable-SFR SAS, 6.0%, 5/15/22 (144A) 1,575,000 $1,606,763
NuStar Logistics LP, Floating Rate Note, 1/15/43 70,136 $1,829,848
Oasis Petroleum, Inc., 6.5%, 11/1/21 2,820,000 $2,769,475
Offshore Group Investment, Ltd., 7.5%, 11/1/19 1,690,000 $1,016,113
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 2,303,000 $1,318,468
ON Semiconductor Corp., 2.625%, 12/15/26 4,239,000 $5,458,684
Orbital ATK, Inc. 46,823 $3,588,046
Outerwall, Inc., 5.875%, 6/15/21 (144A) 4,010,000 $3,688,392
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 3,100,000 $3,240,447
Pangaea Zero% 01jul18 5,120,000 $5,581,824
Parker Drilling Co., 7.5%, 8/1/20 2,995,000 $2,455,900
PC Nextco Holdings LLC, 8.75%, 8/15/19 2,805,000 $2,885,449
PDC Energy, Inc., 7.75%, 10/15/22 4,860,000 $5,276,678
PDL BioPharma, Inc., 4.0%, 2/1/18 4,538,000 $4,372,552
Penn Virginia Corp., 6.0% (Perpetual) (144A) 20,400 $1,242,156
Penn Virginia Corp., 7.25%, 4/15/19 2,860,000 $2,683,911
Penn Virginia Corp., 8.5%, 5/1/20 4,480,000 $4,369,867
PetroQuest Energy, Inc., 6.875% (Perpetual) 59,180 $1,664,438
Pilgrim's Pride Corp., 5.75%, 3/15/25 (144A) 2,425,000 $2,487,309
Pinnacle Entertainment, Inc. 95,923 $3,461,861
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 1,440,000 $1,566,320
Polymet Mining Corp. 555,685 $711,277
Post Holdings, Inc., 2.5% (Perpetual) (144A) 73,300 $6,826,063
Post Holdings, Inc., 6.0%, 12/15/22 (144A) 2,300,000 $2,260,133
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 1,775,000 $1,832,688
PPL Capital Funding, Inc., 5.9%, 4/30/73 214,000 $5,465,560
Prince Mineral Holding Corp., 11.5%, 12/15/19 (144A) 1,595,000 $1,597,171
Quebecor Media, Inc., 5.75%, 1/15/23 5,975,000 $6,255,410
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 2,000,000 $2,036,667
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 250,000 $263,081
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 1,150,000 $1,174,393
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 1,750,000 $1,709,167
Regal Entertainment Group, 5.75%, 2/1/25 4,895,000 $4,941,910
Regal Entertainment Group, 5.75%, 3/15/22 425,000 $435,649
Rent-A-Center, Inc., 6.625%, 11/15/20 2,590,000 $2,499,422
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $814,016
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,750,000 $1,988,331
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/19 (Cat Bond) (144A) 250,000 $257,461
Resolute Forest Products, Inc., 5.875%, 5/15/23 3,845,000 $3,780,383
Revlon Consumer Products Corp., 5.75%, 2/15/21 2,495,000 $2,594,419
Rexel SA, 5.25%, 6/15/20 (144A) 5,200,000 $5,533,883
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 3,700,000 $3,998,004
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 7,495,000 $7,932,417
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 4,565,000 $4,942,151
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 1,800,000 $1,914,000
Rite Aid Corporation 1st Lien Bridge L + 6% 10feb16 7,530,000 $7,530,000
RJS Power Holdings LLC, 5.125%, 7/15/19 (144A) 5,625,000 $5,601,484
Rosetta Resources, Inc., 5.875%, 6/1/22 8,170,000 $7,860,221
RTI International Metals, Inc., 1.625%, 10/15/19 3,805,000 $4,404,261
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 6,775,000 $6,882,960
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 2,000,000 $2,032,889
Salix Pharmaceuticals, Ltd., 1.5%, 3/15/19 3,720,000 $9,890,705
Sanchez Energy Corp., 6.125%, 1/15/23 1,300,000 $1,185,185
Sanchez Energy Corp., 7.75%, 6/15/21 3,775,000 $3,747,893
SandRidge Energy, Inc., 7.0% (Perpetual) 33,162 $1,280,882
Scientific Games International, Inc., 10.0%, 12/1/22 (144A) 12,050,000 $11,701,889
Scientific Games International, Inc., 6.25%, 9/1/20 700,000 $525,146
SEACOR Holdings, Inc., 3.0%, 11/15/28 2,170,000 $1,893,571
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 5,900,000 $6,179,465
Seagate HDD Cayman, 4.75%, 6/1/23 4,300,000 $4,587,534
Sealy Corp., 8.0%, 7/15/16 (PIK) 143,000 $12,143,560
Sector Re V, Ltd., 0.0%, 12/1/18 (Cat Bond) (144A) 12,321 $148,785
Sector Re V, Ltd., 0.0%, 12/1/19 (Cat Bond) (144A) 1,100,000 $1,126,730
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 1,250,000 $1,559,625
Shea Homes LP, 5.875%, 4/1/23 (144A) 1,500,000 $1,528,208
Ship Midco, Ltd., Facility B2A-II, 11/29/19 1,965,497 $1,978,190
Shutterfly, Inc., 0.25%, 5/15/18 7,455,000 $7,364,194
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 2,000,000 $127,600
Silverton RE, Ltd., 0.0%, 9/18/17 (Cat Bond) (144A) 2,000,000 $2,103,200
SolarCity Corp., 1.625%, 11/1/19 (144A) 4,825,000 $4,309,546
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 4,460,000 $4,271,689
Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A) 400,000 $414,519
Sprint Corp., 7.25%, 9/15/21 14,235,000 $14,352,043
Standard Pacific Corp., 6.25%, 12/15/21 6,975,000 $7,521,859
Starbucks Corp. 54,390 $5,150,733
Stone Energy Corp., 7.5%, 11/15/22 920,000 $858,653
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 2,250,000 $2,333,906
Swift Energy Co., 7.875%, 3/1/22 9,070,000 $3,687,522
syncreon Group BV, 8.625%, 11/1/21 (144A) 3,500,000 $3,118,281
Talos Production LLC, 9.75%, 2/15/18 (144A) 3,000,000 $2,137,375
Targa Resources Partners LP, 4.25%, 11/15/23 4,685,000 $4,584,533
TE Connectivity, Ltd. 54,309 $3,889,611
Tesoro Corp., 5.375%, 10/1/22 4,695,000 $5,032,453
The GEO Group, Inc., 5.875%, 10/15/24 3,695,000 $3,954,959
The KEYW Holding Corp., 2.5%, 7/15/19 2,150,000 $1,739,410
The Medicines Co., 2.5%, 1/15/22 (144A) 2,625,000 $2,855,361
Theravance, Inc., 2.125%, 1/15/23 7,215,000 $6,151,589
Thermo Fisher Scientific, Inc. 63,010 $8,464,763
The Ryland Group, Inc., 5.375%, 10/1/22 2,540,000 $2,601,913
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 2,996,049 $2,998,544
T-Mobile USA, Inc., 6.5%, 1/15/24 1,200,000 $1,270,467
T-Mobile USA, Inc., 6.542%, 4/28/20 4,300,000 $4,574,979
T-Mobile USA, Inc., 6.625%, 4/1/23 3,180,000 $3,432,413
T-Mobile USA, Inc., 6.633%, 4/28/21 2,865,000 $3,034,344
T-Mobile USA, Inc., 6.731%, 4/28/22 2,000,000 $2,128,559
TMS International Corp., 7.625%, 10/15/21 (144A) 2,165,000 $2,241,121
TMX Finance LLC, 8.5%, 9/15/18 (144A) 3,265,000 $2,330,484
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 7,994,600 $8,002,099
Tronox Finance LLC, 6.375%, 8/15/20 5,195,000 $5,120,430
Twitter, Inc., 0.25%, 9/15/19 (144A) 2,055,000 $2,017,981
U.S. Treasury Floating Rate Note, 0.105003097%, 7/31/16 5,000,000 $5,000,248
United Continental Holdings, Inc. 103,547 $6,963,536
United Continental Holdings, Inc., 6.0%, 7/15/26 3,200,000 $3,240,533
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/16 5,000,000 $5,000,073
United States Treasury Floating Rate Note, Floating Rate Note, 10/31/16 5,000,000 $4,998,641
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/16 5,000,000 $5,001,164
Universal Hospital Services, Inc., 7.625%, 8/15/20 1,265,000 $1,119,200
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 1,410,104 $1,409,443
Valeant Pharmaceuticals International, Inc., 5.875%, 5/15/23 (144A) 5,700,000 $5,846,221
Vanguard Natural Resources LLC, 7.875%, 4/1/20 3,200,000 $3,054,000
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 1,000,000 $988,129
VeriSign, Inc., 5.25%, 4/1/25 (144A) 1,770,000 $1,806,433
Vers 2015-A Zero% 31dec17 4,400,000 $4,514,400
Vertafore, Inc., Term Loan (2013), 10/3/19 668,841 $669,886
ViaSat, Inc., 6.875%, 6/15/20 3,000,000 $3,221,979
Viasystems, Inc., 7.875%, 5/1/19 (144A) 5,300,000 $5,752,156
Videotron, Ltd., 5.375%, 6/15/24 (144A) 9,050,000 $9,464,729
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 4,290,000 $4,940,769
Virgin Media Investment Holdings, Ltd., B Facility, 6/8/20 6,475,181 $6,475,628
Virtual Radiologic Corp., Term Loan A, 12/22/16 1,101,711 $900,649
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 3,755,000 $3,258,871
Voya Financial, Inc., Floating Rate Note, 5/15/53 4,200,000 $4,478,647
Waters Corp. 2,358 $293,147
WCA Waste Corp., Term Loan, 3/23/18 615,950 $612,357
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 3,350,000 $3,559,002
WebMD Health Corp., 1.5%, 12/1/20 5,145,000 $5,492,185
WebMD Health Corp., 2.5%, 1/31/18 6,420,000 $6,551,521
WellCare Health Plans, Inc., 5.75%, 11/15/20 5,370,000 $5,755,148
Wells Fargo & Co., 7.5% (Perpetual) 2,000 $2,446,000
Wells Fargo & Co., Floating Rate Note (Perpetual) 3,675,000 $3,927,095
WESCO Distribution, Inc., 5.375%, 12/15/21 5,145,000 $5,316,464
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 700,000 $336,833
Whiting Canadian Holding Co ULC, 8.125%, 12/1/19 5,200,000 $5,587,833
Whiting Petroleum Corp., 1.25%, 4/1/20 (144A) 3,120,000 $3,293,983
Windstream Corp., 6.375%, 8/1/23 4,975,000 $4,517,922
Windstream Corp., 7.5%, 6/1/22 8,830,000 $8,741,700
Windstream Corp., 7.75%, 10/15/20 3,460,000 $3,665,822
Windstream Holdings, Inc. 585,800 $4,334,920
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 2,665,000 $2,608,036
Wright Medical Group, Inc., 2.0%, 2/15/20 (144A) 2,610,000 $2,758,879
Xerium Technologies, Inc., 8.875%, 6/15/18 2,660,000 $2,815,961

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