Pioneer High Yield Fund

Top 10 Portfolio Holdings as of 8/29/2014
Default: sorted by market value

Security Name Par / Shares Market Value
AAF Holdings LLC, 12.0%, 7/1/19 (144A) (PIK) 3,055,000 $3,199,094
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 3,285,000 $3,705,720
Advanced Micro Devices, Inc., 6.75%, 3/1/19 (144A) 4,205,000 $4,549,810
AdvancePierre Foods, Inc., Term Loan (First Lien), 7/10/17 8,541 $8,584
AES Corp. Virginia, 5.5%, 3/15/24 1,650,000 $1,722,485
Aetna, Inc. 108,880 $8,942,314
Affinion Group, Inc., Tranche B Term Loan, 10/9/16 1,993,062 $1,978,668
Aguila 3 SA, 7.875%, 1/31/18 (144A) 1,700,000 $1,779,156
Akamai Technologies, Inc., 0.0%, 2/15/19 (144A) 4,555,000 $4,685,956
Alamo Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A) 250,000 $255,950
Albany Molecular Research, Inc., 2.25%, 11/15/18 (144A) 3,755,000 $5,340,314
Alere, Inc., 3.0%, 5/15/16 9,460,000 $10,015,775
Alere, Inc., 3.0% (Perpetual) 83,308 $26,306,584
Alliance HealthCare Services, Inc., Initial Term Loan, 6/3/19 1,188,003 $1,187,112
Alliance One International, Inc., 9.875%, 7/15/21 8,460,000 $8,564,428
Alliant Holdings I, Inc., Initial Term Loan, 12/20/19 1,241,557 $1,240,771
Allison Transmission, Inc., Term B-3 Loan, 8/23/19 7,462 $7,446
Ally Financial, Inc., 7.0% (Perpetual) (144A) 6,450 $6,517,121
Alpha Natural Resources, Inc., 3.75%, 12/15/17 4,705,000 $4,094,820
Altair Re, Floating Rate Note, 4/30/16 (Cat Bond) 1,515,236 $323,806
Altrl Flt% 30jun16 6,500,000 $6,805,500
American Energy-Permian Basin LLC, 7.375%, 11/1/21 (144A) 2,275,000 $2,232,107
American Energy - Utica LLC, 3.5%, 3/1/21 (144A) (PIK) 3,365,000 $3,963,269
AMG Capital Trust II, 5.15%, 10/15/37 48,000 $3,081,000
Amsted Industries, Inc., 5.0%, 3/15/22 (144A) 5,445,000 $5,609,106
Antero Resources Finance Corp., 6.0%, 12/1/20 3,360,000 $3,598,672
APERAM, 7.375%, 4/1/16 (144A) 2,615,000 $2,753,659
Apex Tool Group LLC, 7.0%, 2/1/21 (144A) 7,901,000 $7,510,998
Approach Resources, Inc., 7.0%, 6/15/21 1,205,000 $1,270,773
Ardagh Finance Holdings SA, 8.625%, 6/15/19 (144A) (PIK) 3,500,000 $3,692,281
Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A) 3,350,000 $3,435,844
Ardagh Packaging Finance Plc, 7.0%, 11/15/20 (144A) 4,300,000 $787,596
Ardent Medical Services, Inc., Term Loan (First Lien), 7/2/18 1,961,463 $1,970,044
ARIAD Pharmaceuticals, Inc., 3.625%, 6/15/19 (144A) 2,340,000 $2,278,226
Arlington Flt% 01aug15 1,200,000 $1,229,760
Ascent Capital Group, Inc., 4.0%, 7/15/20 2,710,000 $2,496,588
Athlon Holdings LP, 6.0%, 5/1/22 (144A) 3,095,000 $3,249,234
Atlas Reinsurance VII, Ltd., Floating Rate Note, 1/7/16 (Cat Bond) (144A) 450,000 $471,772
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 2,350,000 $2,520,375
Auxilium Pharmaceuticals, Inc., 1.5%, 7/15/18 9,880,000 $10,034,375
Aviv Healthcare Properties LP, 7.75%, 2/15/19 2,675,000 $2,837,451
Axalta Coating Systems US Holdings, Inc., Refinanced Term B Loan, 2/1/20 1,570,285 $1,563,633
Axiall Corp. 186,606 $7,759,077
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 2,000,000 $2,070,284
Bankrate, Inc., 6.125%, 8/15/18 (144A) 3,400,000 $3,510,677
Basic Energy Services, Inc., 7.75%, 10/15/22 9,355,000 $10,468,830
Bayview Opportunity Master Fund Trust 2013-3RPL, 4.0%, 4/28/18 (Step) (144A) 1,000,000 $996,618
Berkeley-Kane Flt% 12jun15 1,004,200 $1,018,158
BioMarin Pharmaceutical, Inc., 0.75%, 10/15/18 1,920,000 $2,069,400
BioMarin Pharmaceutical, Inc., 1.5%, 10/15/20 1,920,000 $2,143,200
Bio-Rad Laboratories, Inc. 46,569 $5,600,388
BioScrip, Inc. 255,259 $2,159,491
BioScrip, Inc., 8.875%, 2/15/21 (144A) 3,675,000 $3,798,840
BioScrip, Inc., Delayed Draw Term Loan, 7/31/20 1,232,125 $1,239,826
BioScrip, Inc., Initial Term B Loan, 7/31/20 2,053,542 $2,066,377
Blue Danube, Ltd., Floating Rate Note, 4/10/15 (Cat Bond) (144A) 250,000 $256,302
Boart Longyear Management Pty, Ltd., 10.0%, 10/1/18 (144A) 2,755,000 $2,999,889
Bombardier, Inc., 6.0%, 10/15/22 (144A) 4,335,000 $4,517,070
Bristow Group, Inc., 6.25%, 10/15/22 4,245,000 $4,567,355
Brookfield Residential Properties, Inc., 6.5%, 12/15/20 (144A) 2,100,000 $2,257,063
Brown Shoe Co, Inc., 7.125%, 5/15/19 2,350,000 $2,528,086
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A) 575,000 $589,200
Calfrac Holdings LP, 7.5%, 12/1/20 (144A) 2,435,000 $2,632,336
Calumet Specialty Products Partners LP, 6.5%, 4/15/21 (144A) 6,525,000 $6,685,406
Cambium Learning Group, Inc., 9.75%, 2/15/17 3,695,000 $3,746,961
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 575,000 $579,459
Cardtronics, Inc., 1.0%, 12/1/20 (144A) 6,345,000 $6,091,024
Carriage Services, Inc., 2.75%, 3/15/21 (144A) 2,195,000 $2,394,852
Carrizo Oil & Gas, Inc., 7.5%, 9/15/20 2,150,000 $2,374,406
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18 10,236,000 $11,066,076
CCO Holdings LLC, 6.5%, 4/30/21 9,250,000 $10,028,542
Cengage Learning Holdings II LP 13,966 $443,421
CenturyLink, Inc., 5.8%, 3/15/22 3,625,000 $3,920,740
CenturyLink, Inc., 6.45%, 6/15/21 3,300,000 $3,657,844
Cepheid, 1.25%, 2/1/21 (144A) 1,905,000 $1,823,574
CEVA GROUP Plc 2,282 $2,738,472
CEVA GROUP Plc, 0.0%, 12/31/14 4,940 $5,928,060
Chaparral Energy, Inc., 8.25%, 9/1/21 3,310,000 $3,706,441
Chemtura Corp., 5.75%, 7/15/21 2,725,000 $2,853,586
Chesapeake Energy Corp., 5.375%, 6/15/21 8,435,000 $9,014,467
CHS, 8.0%, 11/15/19 16,400,000 $18,217,667
Ciena Corp., 0.875%, 6/15/17 9,000,000 $9,016,406
Cigna Corp. 67,800 $6,413,880
Cincinnati Bell, Inc., 8.375%, 10/15/20 13,358,000 $14,912,955
Cinedigm Digital Funding I LLC, Term Loan, 2/28/18 1,213,075 $1,215,350
Citicorp Residential Mortgage Trust Series 2006-2, 5.918%, 9/25/36 (Step) 1,560,000 $1,415,231
Citigroup, Inc., Floating Rate Note (Perpetual) 411,000 $11,442,240
Citigroup, Inc., Floating Rate Note (Perpetual) 2,375,000 $2,388,272
Citrix Systems, Inc., 0.5%, 4/15/19 (144A) 2,470,000 $2,738,098
CNL Lifestyle Properties, Inc., 7.25%, 4/15/19 9,550,000 $10,143,891
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 1,935,000 $1,791,633
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 595,000 $494,962
Cobalt International Energy, Inc., 2.625%, 12/1/19 8,895,000 $7,896,444
Combine Re, Ltd., Floating Rate Note, 1/7/15 (Cat Bond) (144A) 1,250,000 $1,335,023
COMM 2014-KYO Mortgage Trust, Floating Rate Note, 6/11/27 2,650,000 $2,640,940
Commercial Vehicle Group, Inc. 482,433 $3,869,113
Compass Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 1,400,000 $1,437,637
Comstock Resources, Inc., 7.75%, 4/1/19 3,832,000 $4,213,577
Concho Resources, Inc., 5.5%, 4/1/23 3,675,000 $4,006,720
Concho Resources, Inc., 6.5%, 1/15/22 2,925,000 $3,226,641
Constellation Brands, Inc., 3.75%, 5/1/21 4,100,000 $4,155,948
Corsicanto, Ltd., 3.5%, 1/15/32 4,815,000 $4,180,022
Cott Beverages, Inc., 5.375%, 7/1/22 (144A) 3,995,000 $4,014,392
Crestwood Midstream Partners LP, 6.125%, 3/1/22 (144A) 4,810,000 $5,124,838
Crown Cork & Seal Co, Inc., 7.375%, 12/15/26 13,120,000 $14,830,383
Cubist Pharmaceuticals, Inc. 104,790 $7,233,654
Cubist Pharmaceuticals, Inc., 1.125%, 9/1/18 (144A) 4,900,000 $5,469,472
Cubist Pharmaceuticals, Inc., 1.875%, 9/1/20 (144A) 6,805,000 $7,795,624
CWGS Group LLC, Term Loan, 2/20/20 7,105,063 $7,153,910
DAE Aviation Holdings, Inc., Replacement Tranche B-1 Loan, 11/2/18 1,931,898 $1,942,765
Dana Holding Corp., 6.0%, 9/15/23 4,650,000 $5,080,125
Dartmouth Zero% 31dec14 4,080,000 $3,982,488
Denbury Resources, Inc., 5.5%, 5/1/22 4,670,000 $4,872,367
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A) 4,350,000 $4,324,897
DR Horton, Inc., 5.75%, 8/15/23 5,045,000 $5,372,399
DryShips, Inc., 5.0%, 12/1/14 500,000 $504,618
Dycom Investments, Inc., 7.125%, 1/15/21 3,000,000 $3,236,719
DynCorp International, Inc., 10.375%, 7/1/17 1,583,000 $1,510,979
East Lane Re V, Ltd., Floating Rate Note, 3/16/16 (Cat Bond) (144A) 400,000 $434,440
Embarcadero Reinsurance, Ltd., Floating Rate Note, 2/13/15 (Cat Bond) (144A) 500,000 $506,757
EMC Corp./MA 103,800 $3,065,214
Emergent Biosolutions, Inc., 2.875%, 1/15/21 (144A) 5,787,000 $6,306,926
Emulex Corp., 1.75%, 11/15/18 (144A) 3,295,000 $2,992,615
Endo Finance LLC & Endo Finco, Inc., 5.375%, 1/15/23 (144A) 7,715,000 $7,764,826
Endologix, Inc., 2.25%, 12/15/18 3,015,000 $2,876,498
Energy & Exploration Partners, Inc., 8.0%, 7/1/19 (144A) 4,155,000 $4,231,637
Energy Transfer Equity LP, 5.875%, 1/15/24 3,520,000 $3,743,850
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/21 3,865,000 $4,157,291
Entegris, Inc., 6.0%, 4/1/22 (144A) 5,100,000 $5,379,650
EP Energy LLC, 9.375%, 5/1/20 13,000,000 $15,060,365
EPL Oil & Gas, Inc., 8.25%, 2/15/18 5,205,000 $5,535,192
Equinix, Inc., 5.375%, 4/1/23 5,465,000 $5,695,877
ESCO Technologies, Inc. 28,022 $1,008,792
Expert Global Solutions, Inc., Term B Advance (First Lien), 4/3/18 13,890,043 $13,910,878
Exterran Holdings, Inc., 7.25%, 12/1/18 1,725,000 $1,829,231
Exterran Partners LP, 6.0%, 10/1/22 (144A) 5,175,000 $5,311,275
Exterran Partners LP, 6.0%, 4/1/21 2,750,000 $2,845,792
Fannie Mae, 0.5%, 12/15/33 (144A) 4,050,000 $4,039,031
Ferrellgas LP, 6.5%, 5/1/21 1,850,000 $1,940,624
Ferrellgas LP, 6.75%, 1/15/22 (144A) 3,585,000 $3,740,723
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 (144A) 5,400,000 $5,920,481
Fieldwood Energy LLC, Closing Date Loan (Second Lien), 9/30/20 5,168,665 $5,284,422
Fifth Third Bancorp, Floating Rate Note (Perpetual) 76,950 $2,114,586
Flextronics International, Ltd., 4.625%, 2/15/20 1,380,000 $1,410,259
Flextronics International, Ltd., 5.0%, 2/15/23 2,295,000 $2,374,369
Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A) 4,250,000 $4,584,953
Ford Motor Co., 4.25%, 11/15/16 6,341,000 $12,911,201
Forest City Enterprises, Inc. 510,781 $10,624,245
Forest City Enterprises, Inc., 3.625%, 8/15/20 4,885,000 $5,206,850
Foundation Re III, Ltd., Floating Rate Note, 2/25/15 (Cat Bond) (144A) 1,500,000 $1,517,308
Freeport-McMoRan, Inc. 389,664 $14,172,080
Frontier Communications Corp., 7.125%, 1/15/23 4,750,000 $5,053,555
Frontier Communications Corp., 8.5%, 4/15/20 9,705,000 $11,591,409
Frontier Communications Corp., 8.75%, 4/15/22 3,100,000 $3,713,219
FTS International, Inc., 6.25%, 5/1/22 (144A) 1,275,000 $1,333,349
Fts International Inc 1st Lien Term L + 4.75% 01apr21 1,662,545 $1,675,535
Galileo Re, Ltd., Floating Rate Note, 1/9/19 (Cat Bond) (144A) 1,800,000 $1,866,940
Gannett Co, Inc., 6.375%, 10/15/23 (144A) 6,170,000 $6,703,127
General Cable Corp. 667,230 $14,325,428
General Cable Corp., 4.5%, 11/15/29 (Step) 10,874,000 $9,800,193
Gentiva Health Services, Inc., 11.5%, 9/1/18 684,000 $772,702
Gentiva Health Services, Inc., Initial Term B Loan, 10/10/19 7,414,670 $7,429,729
Gibraltar Industries, Inc., 6.25%, 2/1/21 2,750,000 $2,866,970
Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A) 3,319,000 $905,923
GLP Capital LP, 4.375%, 11/1/18 2,075,000 $2,182,821
GLP Capital LP, 4.875%, 11/1/20 3,250,000 $3,448,622
GMAC Capital Trust I, Floating Rate Note, 2/15/40 358,975 $9,649,248
GMAT 2013-1 Trust, Floating Rate Note, 8/25/53 2,513,900 $2,400,948
Green Field Energy Services, Inc., 0.0%, 11/15/16 (144A) 54,000 $13,562
Green Field Energy Services, Inc., 11/15/21 (144A) 2,275 $2,286
GS Mortgage Securities Corp II Series 2004-GG2, Floating Rate Note, 8/10/38 1,000,000 $1,003,594
Gulfport Energy Corp., 7.75%, 11/1/20 7,615,000 $8,381,206
Halcon Resources Corp. 9,222 $50,721
Halcon Resources Corp., 5.75% (Perpetual) 715 $691,048
Halcon Resources Corp., 8.875%, 5/15/21 7,255,000 $7,823,686
Halcon Resources Corp., 9.25%, 2/15/22 3,225,000 $3,475,273
Hexion US Finance Corp., 8.875%, 2/1/18 2,756,000 $2,879,053
Hexion US Finance Corp., 9.0%, 11/15/20 2,445,000 $2,539,744
Hologic, Inc., 2.0%, 12/15/37 (Step) 2,081,000 $2,531,883
Hologic, Inc., 2.0%, 3/1/42 (Step) 3,450,000 $3,738,746
Homeowner Assistance Program Reverse Mortgage Loan Trust 2013-RM1, 4.0%, 5/26/53 (144A) 1,400,000 $1,040,388
Horizon Lines, Inc. 4,099,666 $1,639,866
IAMGOLD Corp., 6.75%, 10/1/20 (144A) 6,445,000 $6,045,007
Iap Worldwide Services Inc 53 $45,063
Iap Worldwide Services Inc 2nd Lien Tl L + 6.5% 18jul19 424,120 $381,708
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 1,200,000 $1,232,237
Ibis Re II, Ltd., Floating Rate Note, 2/5/15 (Cat Bond) (144A) 1,500,000 $1,562,325
Insulet Corp., 2.0%, 6/15/19 960,000 $1,021,920
Intelsat Jackson Holdings SA, 6.625%, 12/15/22 1,150,000 $1,217,622
Intelsat Luxembourg SA, 7.75%, 6/1/21 3,900,000 $4,189,223
International Equipment Solutions LLC, Initial Loan, 8/16/19 2,914,509 $2,927,260
Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A) 2,950,000 $3,039,576
Itron, Inc. 46,931 $1,981,427
j2 Global, Inc., 8.0%, 8/1/20 6,085,000 $6,687,077
Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A) 1,990,000 $2,209,632
James River Coal Co., 7.875%, 4/1/19 4,170,000 $341,810
Jarden Corp., 1.125%, 3/15/34 (144A) 5,470,000 $5,665,382
Jazz Investments I, Ltd., 1.875%, 8/15/21 (144A) 2,050,000 $2,311,909
JB Poindexter & Co, Inc., 9.0%, 4/1/22 (144A) 4,030,000 $4,623,418
JLL, 7.5%, 2/1/22 (144A) 5,610,000 $5,756,094
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A) 2,855,000 $2,998,642
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 3,863,910 $3,883,230
Joy Global, Inc. 109,200 $6,895,980
JP Morgan Chase Commercial Mortgage Securities Trust 2014-INN, Floating Rate Note, 6/15/29 (144A) 4,270,000 $4,261,245
Kane Flt% 12jun15 3,040,000 $2,753,024
Kane Flt% 14jul15 1,018,720 $971,146
Kane Flt% 30jul16 1,450,000 $1,507,710
Kane-Pi3 Flt% 07apr15 1,255,400 $1,292,184
Kane- Pi3 Zero% 18jul16 4,010,500 $4,209,020
KB Home, 1.375%, 2/1/19 11,400,000 $11,434,002
KB Home, 7.0%, 12/15/21 8,375,000 $9,167,135
KeHE Distributors LLC, 7.625%, 8/15/21 (144A) 3,635,000 $3,919,174
Kennametal, Inc. 139,920 $6,269,815
Kennedy-Wilson, Inc., 5.875%, 4/1/24 1,480,000 $1,541,487
Key Energy Services, Inc., 6.75%, 3/1/21 2,555,000 $2,679,077
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 350,000 $352,835
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 2,575,000 $2,623,453
Kindred Healthcare, Inc., 6.375%, 4/15/22 (144A) 3,200,000 $3,311,900
Kinetic Concepts, Inc., Dollar Term E-1 Loan, 5/4/18 2,403,903 $2,397,035
Kodiak Oil & Gas Corp., 5.5%, 1/15/21 1,400,000 $1,486,625
Kodiak Oil & Gas Corp., 5.5%, 2/1/22 3,000,000 $3,178,292
Kodiak Oil & Gas Corp., 8.125%, 12/1/19 5,200,000 $5,824,451
Lam Research Corp., 1.25%, 5/15/18 5,491,000 $7,405,414
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17 9,859,000 $10,262,603
Lear Corp., 11/9/14 2,230 $450,817
Legacy Reserves LP, 6.625%, 12/1/21 3,350,000 $3,446,743
Legacy Reserves LP, 6.625%, 12/1/21 (144A) 3,850,000 $3,961,182
Lennar Corp., 2.75%, 12/15/20 (144A) 3,015,000 $5,404,702
Lennar Corp., 4.5%, 6/15/19 4,150,000 $4,271,906
Lennar Corp., 4.75%, 11/15/22 8,730,000 $8,719,997
Level 3 Financing Inc Bridge L + 4.25% 15jun15 6,015,000 $6,015,000
Liberty Media Corp., 1.375%, 10/15/23 (144A) 4,425,000 $4,566,738
Liberty Tire Recycling LLC, 11.0%, 10/1/16 (144A) 2,400,000 $2,389,267
Lightstream Resources, Ltd., 8.625%, 2/1/20 (144A) 3,860,000 $4,021,919
Linn Energy LLC, 6.25%, 11/1/19 14,935,000 $15,728,940
Live Nation Entertainment, Inc., 5.375%, 6/15/22 (144A) 1,300,000 $1,348,077
Live Nation Entertainment, Inc., 7.0%, 9/1/20 (144A) 3,050,000 $3,392,532
Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A) 1,500,000 $1,526,565
LORENZO RE, Ltd., 0.0%, 12/31/49 (Cat Bond) (Perpetual) 33,500 $3,590,195
LyondellBasell Industries NV 78,836 $9,014,897
Marathon Oil Corp. 147,800 $6,161,782
Marathon Petroleum Corp. 73,900 $6,725,639
Mashantucket Western Pequot Tribe, 6.5%, 7/1/36 (PIK) 13,206,505 $1,546,262
MDC Partners, Inc., 6.75%, 4/1/20 (144A) 5,360,000 $5,750,945
MedAssets, Inc., 8.0%, 11/15/18 1,400,000 $1,500,917
Memorial Production Partners LP, 6.875%, 8/1/22 (144A) 2,000,000 $1,996,424
Memorial Production Partners LP, 7.625%, 5/1/21 3,350,000 $3,560,061
Mentor Graphics Corp., 4.0%, 4/1/31 5,815,000 $7,248,721
Meritage Homes Corp., 7.0%, 4/1/22 3,660,000 $4,104,588
Micron Technology, Inc., 5.875%, 2/15/22 (144A) 1,825,000 $1,959,499
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 4,155,000 $4,781,337
Midstates Petroleum Co, Inc., 9.25%, 6/1/21 2,800,000 $3,095,031
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A) 8,775,000 $2,786,977
MMM Holdings, Inc., MMM Term Loan, 12/12/17 814,722 $819,814
Molina Healthcare, Inc., 1.125%, 1/15/20 4,225,000 $5,464,113
Monitronics International, Inc., 9.125%, 4/1/20 2,400,000 $2,658,642
Monitronics International, Inc., Term B Loan (2013), 3/23/18 5,978,019 $5,988,295
Morgan Stanley, Floating Rate Note (Perpetual) 189,000 $5,254,200
MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A) 1,675,000 $1,794,954
MSO of Puerto Rico, Inc., MSO Term Loan, 12/12/17 592,324 $594,545
Mueller Water Products, Inc., 7.375%, 6/1/17 6,155,000 $6,359,547
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A) 2,400,000 $2,521,440
Mythen Re, Ltd. Series 2013-1 Class B, Floating Rate Note, 7/9/15 (Cat Bond) (144A) 500,000 $520,778
NANA Development Corp., 9.5%, 3/15/19 (144A) 1,800,000 $1,815,375
National Mentor Holdings, Inc., Tranche B Term Loan, 1/31/21 2,583,525 $2,586,754
National Surgical Hospitals, Inc., Tranche B-2 Term Loan, 7/11/19 1,513,563 $1,527,752
Nationstar Mortgage LLC, 6.5%, 6/1/22 1,515,000 $1,509,045
Nationstar Mortgage LLC, 6.5%, 7/1/21 11,350,000 $11,243,909
Nationstar Mortgage LLC, 6.5%, 8/1/18 1,820,000 $1,847,730
Navistar International Corp., 8.25%, 11/1/21 6,850,000 $7,293,680
NCR Corp. 101,437 $3,465,088
Neiman Marcus Group, Ltd. LLC, Other Term Loan, 10/25/20 1,622,758 $1,613,224
NeuStar, Inc., 4.5%, 1/15/23 5,048,000 $4,432,775
North Atlantic Drilling, Ltd., 6.25%, 2/1/19 (144A) 5,000,000 $4,875,174
Northern Oil and Gas, Inc., 8.0%, 6/1/20 4,125,000 $4,412,833
NRG Energy, Inc., 6.25%, 5/1/24 (144A) 1,450,000 $1,529,599
NRG Energy, Inc., 7.625%, 1/15/18 4,700,000 $5,336,997
Nuance Communications, Inc., 2.75%, 11/1/31 19,972,000 $20,078,656
Numericable Group SA, 6.0%, 5/15/22 (144A) 1,575,000 $1,626,188
Nu Skin Enterprises, Inc. 43,613 $1,950,373
NuStar Logistics LP, Floating Rate Note, 1/15/43 130,000 $3,510,000
NuVasive, Inc., 2.75%, 7/1/17 459,000 $519,304
Oasis Petroleum, Inc., 6.5%, 11/1/21 2,820,000 $3,070,941
Offshore Group Investment, Ltd., 7.5%, 11/1/19 3,650,000 $3,822,615
Offshore Group Investment, Ltd., Second Term Loan, 3/28/19 2,320,625 $2,317,242
ON Semiconductor Corp., 2.625%, 12/15/26 16,914,000 $20,082,732
Orbital Sciences Corp. 150,232 $4,021,711
Outerwall, Inc., 5.875%, 6/15/21 (144A) 4,010,000 $4,012,882
Oxford Finance LLC, 7.25%, 1/15/18 (144A) 3,100,000 $3,259,844
Packaging Dynamics Corp., 8.75%, 2/1/16 (144A) 1,532,000 $1,579,183
Pangaea Zero% 01jul18 5,120,000 $5,266,432
Parker Drilling Co., 7.5%, 8/1/20 2,995,000 $3,230,232
PC Nextco Holdings LLC, 8.75%, 8/15/19 (144A) 2,805,000 $2,892,364
PDC Energy, Inc., 7.75%, 10/15/22 4,960,000 $5,575,350
PDL BioPharma, Inc., 4.0%, 2/1/18 5,375,000 $6,094,429
Penn Virginia Corp., 6.0% (Perpetual) (144A) 20,400 $2,241,552
Penn Virginia Corp., 7.25%, 4/15/19 5,845,000 $6,223,098
Penn Virginia Corp., 8.5%, 5/1/20 4,995,000 $5,634,846
PetroQuest Energy, Inc., 6.875% (Perpetual) 59,180 $2,707,485
Pittsburgh Glass Works LLC, 8.0%, 11/15/18 (144A) 1,600,000 $1,745,333
Polymet Mining Corp. 1,181,694 $1,358,948
Post Holdings, Inc., 2.5% (Perpetual) (144A) 73,300 $5,676,169
Post Holdings, Inc., 6.75%, 12/1/21 (144A) 1,775,000 $1,837,902
Post Holdings, Inc., 7.375%, 2/15/22 2,100,000 $2,211,453
PPL Capital Funding, Inc., 5.9%, 4/30/73 214,000 $5,208,760
Prince Mineral Holding Corp., 12.0%, 12/15/19 (144A) 1,595,000 $1,826,275
QR Energy LP, 9.25%, 8/1/20 3,075,000 $3,536,101
Quebecor Media, Inc., 5.75%, 1/15/23 5,975,000 $6,195,951
Queen Street IV Capital, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 2,000,000 $2,051,583
Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A) 1,450,000 $1,520,414
Queen Street VI Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 250,000 $259,903
Queen Street V Re, Ltd., Floating Rate Note, 4/9/15 (Cat Bond) (144A) 1,150,000 $1,185,148
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A) 1,750,000 $1,854,611
Regal Entertainment Group, 5.75%, 2/1/25 4,895,000 $4,929,911
Regal Entertainment Group, 5.75%, 3/15/22 425,000 $447,097
Rent-A-Center, Inc., 6.625%, 11/15/20 2,590,000 $2,627,096
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/15 (Cat Bond) (144A) 2,000,000 $2,166,169
Residential Reinsurance 2011, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 800,000 $850,848
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/15 (Cat Bond) (144A) 3,450,000 $3,708,520
Residential Reinsurance 2011, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 1,750,000 $1,857,299
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 2,100,000 $2,358,099
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 950,000 $1,114,978
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 250,000 $263,769
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,750,000 $2,161,678
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 1,100,000 $1,235,312
Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A) 500,000 $550,844
Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A) 250,000 $268,381
Residential Reinsurance 2013, Ltd., Floating Rate Note, 6/6/17 (Cat Bond) (144A) 800,000 $861,792
Resolute Forest Products, Inc., 5.875%, 5/15/23 3,845,000 $3,766,698
Revlon Consumer Products Corp., 5.75%, 2/15/21 2,495,000 $2,538,403
Rexel SA, 5.25%, 6/15/20 (144A) 5,200,000 $5,360,875
Reynolds Group Issuer, Inc., 8.25%, 2/15/21 6,700,000 $7,334,406
Reynolds Group Issuer, Inc., 8.5%, 5/15/18 7,495,000 $8,027,457
Reynolds Group Issuer, Inc., 9.0%, 4/15/19 800,000 $867,000
Reynolds Group Issuer, Inc., 9.875%, 8/15/19 4,565,000 $5,080,227
Rialto Holdings LLC, 7.0%, 12/1/18 (144A) 1,800,000 $1,903,150
Rice Energy, Inc., 6.25%, 5/1/22 (144A) 3,295,000 $3,440,644
RKI Exploration & Production LLC, 8.5%, 8/1/21 (144A) 7,285,000 $7,881,257
Rosetta Resources, Inc., 5.875%, 6/1/22 8,170,000 $8,492,914
RTI International Metals, Inc., 1.625%, 10/15/19 3,805,000 $3,918,555
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 6,775,000 $7,178,324
Safway Group Holding LLC, 7.0%, 5/15/18 (144A) 2,000,000 $2,145,833
Salix Pharmaceuticals, Ltd., 1.5%, 3/15/19 4,270,000 $10,498,863
Sanchez Energy Corp., 7.75%, 6/15/21 5,075,000 $5,715,190
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) 2,400,000 $2,397,600
Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A) 1,600,000 $1,619,467
SandRidge Energy, Inc., 7.0% (Perpetual) 33,162 $3,208,424
SEACOR Holdings, Inc., 3.0%, 11/15/28 (144A) 2,170,000 $2,089,981
Seagate HDD Cayman, 4.75%, 1/1/25 (144A) 5,900,000 $6,089,619
Seagate HDD Cayman, 4.75%, 6/1/23 4,300,000 $4,490,245
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 $2,332,105
Sector Re V, Ltd., 0.0%, 3/1/18 (Cat Bond) (144A) 3,587 $120,099
Sector Re V, Ltd., 0.0%, 3/30/19 (Cat Bond) (144A) 1,250,000 $1,307,875
Seitel, Inc., 9.5%, 4/15/19 2,955,000 $3,267,122
ServiceNow, Inc., 0.0%, 11/1/18 (144A) 2,235,000 $2,429,166
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A) 6,910,000 $7,556,157
Ship Midco, Ltd., Facility B2A-II, 11/29/19 2,469,527 $2,487,278
Shutterfly, Inc., 0.25%, 5/15/18 7,455,000 $7,861,142
Silverton RE, Ltd., 0.0%, 9/16/16 (Cat Bond) (144A) 2,000,000 $2,360,000
Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A) 4,460,000 $4,545,483
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A) 400,000 $415,134
Sprint Corp., 7.25%, 9/15/21 (144A) 2,490,000 $2,722,141
Standard Aero, Ltd., Replacement Tranche B-2 Loan, 11/2/18 875,796 $881,270
Standard Pacific Corp., 6.25%, 12/15/21 6,975,000 $7,484,320
Starbucks Corp. 59,425 $4,623,859
Stone Energy Corp., 7.5%, 11/15/22 1,945,000 $2,129,775
Successor X, Ltd., Floating Rate Note, 1/27/15 (Cat Bond) (144A) 875,000 $897,247
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 375,000 $391,777
Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A) 1,200,000 $1,245,932
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A) 2,250,000 $2,420,867
SunPower Corp., 0.875%, 6/1/21 (144A) 2,860,000 $3,335,604
Surgery Center Holdings, Inc., Term Loan (First Lien), 4/11/19 1,915,875 $1,918,270
Swift Energy Co., 7.875%, 3/1/22 14,720,000 $15,958,780
syncreon Group BV, 8.625%, 11/1/21 (144A) 3,500,000 $3,564,786
Talos Production LLC, 9.75%, 2/15/18 (144A) 3,000,000 $3,132,188
Targa Resources Partners LP, 4.25%, 11/15/23 4,685,000 $4,731,362
Tar Heel Re, Ltd., Floating Rate Note, 5/9/16 (Cat Bond) (144A) 1,000,000 $1,062,864
TE Connectivity, Ltd. 58,898 $3,691,727
Tesoro Corp., 5.375%, 10/1/22 5,445,000 $5,688,645
The KEYW Holding Corp., 2.5%, 7/15/19 2,150,000 $2,154,479
Theravance, Inc., 2.125%, 1/15/23 9,215,000 $10,696,599
Thermo Fisher Scientific, Inc. 95,749 $11,509,987
The Ryland Group, Inc., 0.25%, 6/1/19 2,870,000 $2,713,924
The Ryland Group, Inc., 5.375%, 10/1/22 2,540,000 $2,569,519
TIBCO Software, Inc., 2.25%, 5/1/32 3,900,000 $3,943,631
TI Group Automotive Systems LLC, Term Loan Facility, 7/1/21 3,018,689 $3,018,689
T-Mobile USA, Inc., 6.125%, 1/15/22 965,000 $1,007,370
T-Mobile USA, Inc., 6.5%, 1/15/24 1,200,000 $1,257,750
T-Mobile USA, Inc., 6.542%, 4/28/20 4,300,000 $4,540,005
T-Mobile USA, Inc., 6.633%, 4/28/21 2,865,000 $3,032,305
T-Mobile USA, Inc., 6.731%, 4/28/22 2,000,000 $2,121,966
TMS International Corp., 7.625%, 10/15/21 (144A) 2,165,000 $2,362,218
TMX Finance LLC, 8.5%, 9/15/18 (144A) 3,265,000 $3,579,936
Tower Automotive Holdings USA LLC, Refinancing Term Loan, 4/23/20 8,512,680 $8,488,743
Tradewynd Re, Ltd., Floating Rate Note, 1/8/15 (Cat Bond) (144A) 250,000 $252,954
Tronox Finance LLC, 6.375%, 8/15/20 5,195,000 $5,364,649
United Airlines, Inc., 4.5%, 1/15/15 2,575,000 $6,526,016
United Continental Holdings, Inc., 6.0%, 7/15/26 3,200,000 $3,142,000
Universal Hospital Services, Inc., 7.625%, 8/15/20 1,265,000 $1,269,019
Univision Communications, Inc., 6.875%, 5/15/19 (144A) 6,035,000 $6,518,114
Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20 1,421,083 $1,414,570
USI, Inc. New York, 7.75%, 1/15/21 (144A) 4,900,000 $5,094,469
Vanguard Natural Resources LLC, 7.875%, 4/1/20 4,700,000 $5,146,941
Vericrest Opportunity Loan Transferee 2014-NPL4 LLC, 4.0%, 4/27/54 (Step) (144A) 1,000,000 $987,493
Vertafore, Inc., Term Loan (2013), 10/3/19 668,841 $669,259
ViaSat, Inc., 6.875%, 6/15/20 3,000,000 $3,252,969
Viasystems, Inc., 7.875%, 5/1/19 (144A) 5,300,000 $5,623,466
Videotron, Ltd., 5.375%, 6/15/24 (144A) 9,050,000 $9,332,341
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A) 4,290,000 $4,877,194
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 1,110,341 $838,307
Vishay Intertechnology, Inc., 2.25%, 5/15/41 (144A) 3,755,000 $3,770,255
Voya Financial, Inc., Floating Rate Note, 5/15/53 4,200,000 $4,342,713
Waters Corp. 17,606 $1,820,989
WCA Waste Corp., Term Loan, 3/23/18 620,713 $620,454
WCP ISSUER LLC, 6.657%, 8/15/43 (144A) 3,350,000 $3,572,232
WebMD Health Corp., 1.5%, 12/1/20 (144A) 5,145,000 $5,713,951
WebMD Health Corp., 2.5%, 1/31/18 6,420,000 $6,814,563
WellCare Health Plans, Inc., 5.75%, 11/15/20 5,370,000 $5,654,722
Wells Fargo & Co., 7.5% (Perpetual) 2,000 $2,431,940
WESCO Distribution, Inc., 5.375%, 12/15/21 5,145,000 $5,266,926
Westgate Resorts 2012-A LLC, 3.75%, 8/20/25 (144A) 700,000 $437,775
WEX, Inc., 4.75%, 2/1/23 (144A) 1,770,000 $1,705,973
Windstream Corp., 6.375%, 8/1/23 5,275,000 $5,315,277
Windstream Corp., 7.5%, 6/1/22 11,030,000 $12,199,640
Windstream Corp., 7.75%, 10/15/20 8,460,000 $9,361,519
Windstream Holdings, Inc. 585,800 $6,619,540
WMG Acquisition Corp., 6.75%, 4/15/22 (144A) 5,475,000 $5,564,995
Xerium Technologies, Inc., 8.875%, 6/15/18 2,660,000 $2,868,782

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