|
Principal
Amount ($) (a)
|
|
Value ($)
|
|
|
|
|
|
Consumer Discretionary 20.9%
|
|
AMC Entertainment, Inc., 8.75%, 6/1/2019
|
|
|
705,000
|
|
757,875
|
|
AMC Networks, Inc., 7.75%, 7/15/2021
|
|
|
90,000
|
|
99,450
|
|
AmeriGas Finance LLC:
|
|
|
|
|
|
|
|
6.75%, 5/20/2020
|
|
|
545,000
|
|
577,700
|
|
|
7.0%, 5/20/2022
|
|
|
415,000
|
|
437,825
|
|
APX Group, Inc., 144A, 6.375%, 12/1/2019
|
|
|
220,000
|
|
207,350
|
|
Asbury Automotive Group, Inc.:
|
|
|
|
|
|
|
|
7.625%, 3/15/2017
|
|
|
475,000
|
|
488,067
|
|
|
8.375%, 11/15/2020
|
|
|
235,000
|
|
259,675
|
|
|
144A, 8.375%, 11/15/2020
|
|
|
60,000
|
|
66,300
|
|
Ashtead Capital, Inc., 144A, 6.5%, 7/15/2022
|
|
|
350,000
|
|
370,125
|
|
Ashton Woods U.S.A. LLC, 144A, 6.875%, 2/15/2021
|
|
|
350,000
|
|
346,500
|
|
Avis Budget Car Rental LLC:
|
|
|
|
|
|
|
|
5.5%, 4/1/2023
|
|
|
215,000
|
|
200,219
|
|
|
8.25%, 1/15/2019
|
|
|
270,000
|
|
293,625
|
|
BC Mountain LLC, 144A, 7.0%, 2/1/2021
|
|
|
210,000
|
|
215,250
|
|
Block Communications, Inc., 144A, 7.25%, 2/1/2020
|
|
|
445,000
|
|
466,137
|
|
Boyd Gaming Corp., 9.0%, 7/1/2020
|
|
|
165,000
|
|
177,375
|
|
Cablevision Systems Corp., 8.0%, 4/15/2020
|
|
|
70,000
|
|
77,525
|
|
Caesar's Entertainment Operating Co., Inc.:
|
|
|
|
|
|
|
|
8.5%, 2/15/2020
|
|
|
435,000
|
|
415,425
|
|
|
9.0%, 2/15/2020
|
|
|
265,000
|
|
254,400
|
|
Carlson Wagonlit BV, 144A, 6.875%, 6/15/2019
|
|
|
245,000
|
|
248,675
|
|
CCO Holdings LLC:
|
|
|
|
|
|
|
|
6.5%, 4/30/2021
|
|
|
175,000
|
|
177,188
|
|
|
6.625%, 1/31/2022
|
|
|
510,000
|
|
517,650
|
|
|
7.0%, 1/15/2019
|
|
|
125,000
|
|
132,188
|
|
|
7.375%, 6/1/2020
|
|
|
65,000
|
|
69,550
|
|
|
8.125%, 4/30/2020
|
|
|
75,000
|
|
81,375
|
|
CDR DB Sub, Inc., 144A, 7.75%, 10/15/2020
|
|
|
125,000
|
|
125,938
|
|
Cequel Communications Holdings I LLC:
|
|
|
|
|
|
|
|
144A, 5.125%, 12/15/2021
|
|
|
795,000
|
|
731,400
|
|
|
144A, 6.375%, 9/15/2020
|
|
|
1,205,000
|
|
1,201,987
|
|
Chester Downs & Marina LLC, 144A, 9.25%, 2/1/2020
|
|
|
85,000
|
|
84,788
|
|
Clear Channel Communications, Inc., 11.25%, 3/1/2021
|
|
|
150,000
|
|
153,750
|
|
Clear Channel Worldwide Holdings, Inc.:
|
|
|
|
|
|
|
|
Series A, 6.5%, 11/15/2022
|
|
|
270,000
|
|
267,975
|
|
|
Series B, 6.5%, 11/15/2022
|
|
|
390,000
|
|
390,000
|
|
|
Series A, 7.625%, 3/15/2020
|
|
|
65,000
|
|
64,513
|
|
|
Series B, 7.625%, 3/15/2020
|
|
|
655,000
|
|
656,637
|
|
Cogeco Cable, Inc., 144A, 4.875%, 5/1/2020
|
|
|
25,000
|
|
24,000
|
|
Crown Media Holdings, Inc., 10.5%, 7/15/2019
|
|
|
155,000
|
|
172,825
|
|
Cumulus Media Holdings, Inc., 7.75%, 5/1/2019
|
|
|
200,000
|
|
203,000
|
|
Delphi Corp., 5.0%, 2/15/2023
|
|
|
305,000
|
|
309,956
|
|
DISH DBS Corp.:
|
|
|
|
|
|
|
|
4.25%, 4/1/2018
|
|
|
230,000
|
|
226,550
|
|
|
4.625%, 7/15/2017
|
|
|
190,000
|
|
192,375
|
|
|
5.0%, 3/15/2023
|
|
|
415,000
|
|
382,837
|
|
|
6.75%, 6/1/2021
|
|
|
80,000
|
|
83,400
|
|
|
7.125%, 2/1/2016
|
|
|
550,000
|
|
599,500
|
|
Fontainebleau Las Vegas Holdings LLC, 144A, 11.0%, 6/15/2015 *
|
|
|
455,000
|
|
0
|
|
Griffey Intermediate, Inc., 144A, 7.0%, 10/15/2020
|
|
|
220,000
|
|
194,700
|
|
Harron Communications LP, 144A, 9.125%, 4/1/2020
|
|
|
465,000
|
|
504,525
|
|
Hertz Corp.:
|
|
|
|
|
|
|
|
144A, 4.25%, 4/1/2018
|
|
|
2,605,000
|
|
2,552,900
|
|
|
6.75%, 4/15/2019
|
|
|
340,000
|
|
362,525
|
|
|
7.5%, 10/15/2018
|
|
|
930,000
|
|
1,004,400
|
|
Hot Topic, Inc., 144A, 9.25%, 6/15/2021
|
|
|
175,000
|
|
177,625
|
|
Jo-Ann Stores Holdings, Inc., 144A, 9.75%, 10/15/2019 (PIK)
|
|
|
410,000
|
|
422,300
|
|
L Brands, Inc., 7.0%, 5/1/2020
|
|
|
185,000
|
|
203,037
|
|
Libbey Glass, Inc., 6.875%, 5/15/2020
|
|
|
130,000
|
|
138,938
|
|
Live Nation Entertainment, Inc., 144A, 7.0%, 9/1/2020
|
|
|
410,000
|
|
426,400
|
|
LKQ Corp., 144A, 4.75%, 5/15/2023
|
|
|
340,000
|
|
312,800
|
|
MDC Partners, Inc., 144A, 6.75%, 4/1/2020
|
|
|
165,000
|
|
167,063
|
|
Mediacom Broadband LLC, 6.375%, 4/1/2023
|
|
|
465,000
|
|
462,675
|
|
Mediacom LLC:
|
|
|
|
|
|
|
|
7.25%, 2/15/2022
|
|
|
125,000
|
|
130,938
|
|
|
9.125%, 8/15/2019
|
|
|
295,000
|
|
323,762
|
|
MGM Resorts International:
|
|
|
|
|
|
|
|
6.625%, 12/15/2021
|
|
|
635,000
|
|
644,525
|
|
|
6.75%, 10/1/2020
|
|
|
95,000
|
|
96,900
|
|
|
7.5%, 6/1/2016
|
|
|
105,000
|
|
115,500
|
|
|
7.625%, 1/15/2017
|
|
|
290,000
|
|
319,725
|
|
|
8.625%, 2/1/2019
|
|
|
975,000
|
|
1,094,437
|
|
|
10.0%, 11/1/2016
|
|
|
120,000
|
|
141,000
|
|
Midcontinent Communications & Midcontinent Finance Corp., 144A, 6.25%, 8/1/2021
|
|
|
230,000
|
|
230,575
|
|
National CineMedia LLC:
|
|
|
|
|
|
|
|
6.0%, 4/15/2022
|
|
|
245,000
|
|
249,900
|
|
|
7.875%, 7/15/2021
|
|
|
260,000
|
|
280,800
|
|
Norcraft Companies LP, 10.5%, 12/15/2015
|
|
|
1,030,000
|
|
1,073,775
|
|
Palace Entertainment Holdings LLC, 144A, 8.875%, 4/15/2017
|
|
|
215,000
|
|
221,987
|
|
Petco Animal Supplies, Inc., 144A, 9.25%, 12/1/2018
|
|
|
165,000
|
|
177,788
|
|
Petco Holdings, Inc., 144A, 8.5%, 10/15/2017 (PIK)
|
|
|
60,000
|
|
61,200
|
|
PNK Finance Corp., 144A, 6.375%, 8/1/2021
|
|
|
290,000
|
|
289,275
|
|
Quebecor Media, Inc., 5.75%, 1/15/2023
|
|
|
220,000
|
|
205,150
|
|
Regal Entertainment Group, 9.125%, 8/15/2018
|
|
|
108,000
|
|
117,990
|
|
Rent-A-Center, Inc., 144A, 4.75%, 5/1/2021
|
|
|
170,000
|
|
157,250
|
|
Schaeffler Finance BV, 144A, 7.75%, 2/15/2017
|
|
|
475,000
|
|
529,625
|
|
Seminole Hard Rock Entertainment, Inc., 144A, 5.875%, 5/15/2021
|
|
|
140,000
|
|
135,100
|
|
Seminole Indian Tribe of Florida:
|
|
|
|
|
|
|
|
144A, 7.75%, 10/1/2017
|
|
|
225,000
|
|
239,062
|
|
|
144A, 7.804%, 10/1/2020
|
|
|
375,000
|
|
397,500
|
|
Serta Simmons Holdings LLC, 144A, 8.125%, 10/1/2020
|
|
|
125,000
|
|
131,563
|
|
SIWF Merger Sub, Inc., 144A, 6.25%, 6/1/2021
|
|
|
340,000
|
|
335,750
|
|
Starz LLC, 5.0%, 9/15/2019
|
|
|
175,000
|
|
171,500
|
|
Taylor Morrison Communities, Inc., 144A, 5.25%, 4/15/2021
|
|
|
270,000
|
|
255,150
|
|
UCI International, Inc., 8.625%, 2/15/2019
|
|
|
125,000
|
|
128,125
|
|
Unitymedia Hessen GmbH & Co., KG:
|
|
|
|
|
|
|
|
144A, 5.5%, 1/15/2023
|
|
|
1,020,000
|
|
928,200
|
|
|
144A, 7.5%, 3/15/2019
|
|
|
515,000
|
|
556,200
|
|
Unitymedia KabelBW GmbH, 144A, 9.625%, 12/1/2019
|
EUR
|
|
530,000
|
|
775,775
|
|
Univision Communications, Inc.:
|
|
|
|
|
|
|
|
144A, 6.875%, 5/15/2019
|
|
|
1,560,000
|
|
1,645,800
|
|
|
144A, 7.875%, 11/1/2020
|
|
|
140,000
|
|
151,725
|
|
|
144A, 8.5%, 5/15/2021
|
|
|
75,000
|
|
81,188
|
|
UPC Holding BV, 144A, 8.375%, 8/15/2020
|
EUR
|
|
530,000
|
|
762,004
|
|
Viking Cruises Ltd., 144A, 8.5%, 10/15/2022
|
|
|
220,000
|
|
240,350
|
|
Visant Corp., 10.0%, 10/1/2017
|
|
|
235,000
|
|
219,137
|
|
Visteon Corp., 6.75%, 4/15/2019
|
|
|
184,000
|
|
195,040
|
|
|
|
33,550,039
|
|
Consumer Staples 4.6%
|
|
B&G Foods, Inc., 4.625%, 6/1/2021
|
|
|
285,000
|
|
264,694
|
|
Chiquita Brands International, Inc., 144A, 7.875%, 2/1/2021
|
|
|
95,000
|
|
100,225
|
|
Constellation Brands, Inc.:
|
|
|
|
|
|
|
|
3.75%, 5/1/2021
|
|
|
285,000
|
|
263,625
|
|
|
6.0%, 5/1/2022
|
|
|
110,000
|
|
116,325
|
|
|
7.25%, 9/1/2016
|
|
|
930,000
|
|
1,052,062
|
|
Del Monte Corp., 7.625%, 2/15/2019
|
|
|
435,000
|
|
452,400
|
|
FAGE Dairy Industry SA, 144A, 9.875%, 2/1/2020
|
|
|
395,000
|
|
426,600
|
|
JBS U.S.A. LLC, 144A, 8.25%, 2/1/2020
|
|
|
180,000
|
|
187,650
|
|
NBTY, Inc., 9.0%, 10/1/2018
|
|
|
140,000
|
|
153,650
|
|
Pilgrim's Pride Corp., 7.875%, 12/15/2018
|
|
|
160,000
|
|
172,800
|
|
Reynolds Group Issuer, Inc.:
|
|
|
|
|
|
|
|
5.75%, 10/15/2020
|
|
|
435,000
|
|
431,194
|
|
|
6.875%, 2/15/2021
|
|
|
580,000
|
|
611,900
|
|
|
7.125%, 4/15/2019
|
|
|
1,545,000
|
|
1,643,494
|
|
|
8.25%, 2/15/2021
|
|
|
120,000
|
|
118,500
|
|
|
9.875%, 8/15/2019
|
|
|
100,000
|
|
106,250
|
|
Smithfield Foods, Inc.:
|
|
|
|
|
|
|
|
6.625%, 8/15/2022
|
|
|
215,000
|
|
220,375
|
|
|
7.75%, 7/1/2017
|
|
|
385,000
|
|
433,125
|
|
Sun Products Corp., 144A, 7.75%, 3/15/2021
|
|
|
385,000
|
|
377,300
|
|
U.S. Foods, Inc., 8.5%, 6/30/2019
|
|
|
215,000
|
|
226,287
|
|
|
|
7,358,456
|
|
Energy 15.4%
|
|
Access Midstream Partners LP:
|
|
|
|
|
|
|
|
4.875%, 5/15/2023
|
|
|
390,000
|
|
362,700
|
|
|
5.875%, 4/15/2021
|
|
|
145,000
|
|
148,988
|
|
|
6.125%, 7/15/2022
|
|
|
380,000
|
|
390,450
|
|
Antero Resources Finance Corp.:
|
|
|
|
|
|
|
|
7.25%, 8/1/2019
|
|
|
305,000
|
|
320,250
|
|
|
9.375%, 12/1/2017
|
|
|
195,000
|
|
206,700
|
|
Arch Coal, Inc., 7.0%, 6/15/2019
|
|
|
120,000
|
|
96,000
|
|
Berry Petroleum Co.:
|
|
|
|
|
|
|
|
6.375%, 9/15/2022
|
|
|
220,000
|
|
218,625
|
|
|
6.75%, 11/1/2020
|
|
|
335,000
|
|
340,025
|
|
BreitBurn Energy Partners LP:
|
|
|
|
|
|
|
|
7.875%, 4/15/2022
|
|
|
215,000
|
|
212,850
|
|
|
8.625%, 10/15/2020
|
|
|
115,000
|
|
121,900
|
|
Chaparral Energy, Inc., 7.625%, 11/15/2022
|
|
|
195,000
|
|
195,488
|
|
Chesapeake Energy Corp.:
|
|
|
|
|
|
|
|
3.25%, 3/15/2016
|
|
|
535,000
|
|
536,337
|
|
|
7.25%, 12/15/2018
|
|
|
1,490,000
|
|
1,687,425
|
|
|
9.5%, 2/15/2015
|
|
|
495,000
|
|
546,356
|
|
Chesapeake Oilfield Operating LLC, 6.625%, 11/15/2019
|
|
|
235,000
|
|
236,175
|
|
CITGO Petroleum Corp., 144A, 11.5%, 7/1/2017
|
|
|
295,000
|
|
327,450
|
|
Crosstex Energy LP:
|
|
|
|
|
|
|
|
7.125%, 6/1/2022
|
|
|
115,000
|
|
117,875
|
|
|
8.875%, 2/15/2018
|
|
|
345,000
|
|
366,562
|
|
Denbury Resources, Inc., 4.625%, 7/15/2023
|
|
|
630,000
|
|
562,275
|
|
Dresser-Rand Group, Inc., 6.5%, 5/1/2021
|
|
|
425,000
|
|
451,562
|
|
El Paso LLC, 7.25%, 6/1/2018
|
|
|
455,000
|
|
513,458
|
|
Endeavor Energy Resources LP, 144A, 7.0%, 8/15/2021
|
|
|
350,000
|
|
343,875
|
|
EP Energy LLC:
|
|
|
|
|
|
|
|
6.875%, 5/1/2019
|
|
|
395,000
|
|
419,687
|
|
|
7.75%, 9/1/2022
|
|
|
95,000
|
|
101,650
|
|
|
9.375%, 5/1/2020
|
|
|
90,000
|
|
99,000
|
|
EPE Holdings LLC, 144A, 8.125%, 12/15/2017 (PIK)
|
|
|
490,161
|
|
499,964
|
|
EV Energy Partners LP, 8.0%, 4/15/2019
|
|
|
985,000
|
|
985,000
|
|
Global Geophysical Services, Inc., 10.5%, 5/1/2017
|
|
|
265,000
|
|
229,225
|
|
Halcon Resources Corp.:
|
|
|
|
|
|
|
|
8.875%, 5/15/2021
|
|
|
425,000
|
|
426,062
|
|
|
9.75%, 7/15/2020
|
|
|
175,000
|
|
180,688
|
|
Holly Energy Partners LP, 6.5%, 3/1/2020
|
|
|
125,000
|
|
128,750
|
|
Kinder Morgan Finance Co., LLC, 144A, 6.0%, 1/15/2018
|
|
|
450,000
|
|
487,960
|
|
Kodiak Oil & Gas Corp., 144A, 5.5%, 1/15/2021
|
|
|
260,000
|
|
257,400
|
|
Linn Energy LLC:
|
|
|
|
|
|
|
|
144A, 6.25%, 11/1/2019
|
|
|
635,000
|
|
584,200
|
|
|
6.5%, 5/15/2019
|
|
|
1,390,000
|
|
1,306,600
|
|
MEG Energy Corp.:
|
|
|
|
|
|
|
|
144A, 6.375%, 1/30/2023
|
|
|
995,000
|
|
992,512
|
|
|
144A, 6.5%, 3/15/2021
|
|
|
240,000
|
|
244,200
|
|
Memorial Production Partners LP, 7.625%, 5/1/2021
|
|
|
95,000
|
|
91,675
|
|
Midstates Petroleum Co., Inc.:
|
|
|
|
|
|
|
|
144A, 9.25%, 6/1/2021
|
|
|
845,000
|
|
802,750
|
|
|
144A, 10.75%, 10/1/2020
|
|
|
125,000
|
|
126,875
|
|
Murphy Oil U.S.A., Inc., 144A, 6.0%, 8/15/2023
|
|
|
350,000
|
|
347,375
|
|
Murray Energy Corp., 144A, 8.625%, 6/15/2021
|
|
|
55,000
|
|
54,725
|
|
Newfield Exploration Co., 5.75%, 1/30/2022
|
|
|
225,000
|
|
223,875
|
|
Northern Oil & Gas, Inc., 8.0%, 6/1/2020
|
|
|
665,000
|
|
674,975
|
|
Oasis Petroleum, Inc.:
|
|
|
|
|
|
|
|
6.5%, 11/1/2021
|
|
|
180,000
|
|
189,000
|
|
|
6.875%, 1/15/2023
|
|
|
135,000
|
|
142,088
|
|
|
7.25%, 2/1/2019
|
|
|
415,000
|
|
439,900
|
|
Offshore Group Investment Ltd.:
|
|
|
|
|
|
|
|
7.125%, 4/1/2023
|
|
|
430,000
|
|
413,875
|
|
|
7.5%, 11/1/2019
|
|
|
310,000
|
|
322,400
|
|
Pacific Drilling SA, 144A, 5.375%, 6/1/2020
|
|
|
285,000
|
|
275,025
|
|
Regency Energy Partners LP, 144A, 4.5%, 11/1/2023
|
|
|
115,000
|
|
102,638
|
|
Sabine Pass Liquefaction LLC:
|
|
|
|
|
|
|
|
144A, 5.625%, 2/1/2021
|
|
|
740,000
|
|
706,700
|
|
|
144A, 5.625%, 4/15/2023
|
|
|
165,000
|
|
153,038
|
|
SandRidge Energy, Inc., 7.5%, 3/15/2021
|
|
|
545,000
|
|
542,275
|
|
SESI LLC:
|
|
|
|
|
|
|
|
6.375%, 5/1/2019
|
|
|
245,000
|
|
257,863
|
|
|
7.125%, 12/15/2021
|
|
|
795,000
|
|
860,587
|
|
Swift Energy Co., 7.875%, 3/1/2022
|
|
|
300,000
|
|
291,000
|
|
Talos Production LLC, 144A, 9.75%, 2/15/2018
|
|
|
410,000
|
|
405,900
|
|
Tesoro Corp.:
|
|
|
|
|
|
|
|
4.25%, 10/1/2017
|
|
|
235,000
|
|
237,938
|
|
|
5.375%, 10/1/2022
|
|
|
165,000
|
|
157,575
|
|
Venoco, Inc., 8.875%, 2/15/2019
|
|
|
305,000
|
|
304,237
|
|
Welltec A/S, 144A, 8.0%, 2/1/2019
|
|
|
200,000
|
|
213,000
|
|
WPX Energy, Inc., 5.25%, 1/15/2017
|
|
|
1,015,000
|
|
1,075,900
|
|
|
|
24,659,413
|
|
Financials 9.5%
|
|
AerCap Aviation Solutions BV, 6.375%, 5/30/2017
|
|
|
790,000
|
|
837,400
|
|
Ally Financial, Inc.:
|
|
|
|
|
|
|
|
5.5%, 2/15/2017
|
|
|
1,540,000
|
|
1,623,359
|
|
|
6.25%, 12/1/2017
|
|
|
550,000
|
|
589,756
|
|
|
8.0%, 3/15/2020
|
|
|
705,000
|
|
811,631
|
|
Banco Bradesco SA, 144A, 5.75%, 3/1/2022
|
|
|
920,000
|
|
868,480
|
|
CIT Group, Inc.:
|
|
|
|
|
|
|
|
4.25%, 8/15/2017
|
|
|
560,000
|
|
567,000
|
|
|
5.0%, 5/15/2017
|
|
|
230,000
|
|
238,625
|
|
|
5.25%, 3/15/2018
|
|
|
645,000
|
|
665,962
|
|
DuPont Fabros Technology LP, (REIT), 8.5%, 12/15/2017
|
|
|
420,000
|
|
443,100
|
|
E*TRADE Financial Corp.:
|
|
|
|
|
|
|
|
6.0%, 11/15/2017
|
|
|
1,490,000
|
|
1,542,150
|
|
|
6.375%, 11/15/2019
|
|
|
759,000
|
|
796,950
|
|
|
6.75%, 6/1/2016
|
|
|
385,000
|
|
407,137
|
|
Hellas Telecommunications Finance, 144A, 8.218% **, 7/15/2015 (PIK) *
|
EUR
|
|
294,810
|
|
0
|
|
International Lease Finance Corp.:
|
|
|
|
|
|
|
|
2.224%, 6/15/2016
|
|
|
755,000
|
|
743,675
|
|
|
3.875%, 4/15/2018
|
|
|
805,000
|
|
768,775
|
|
|
4.625%, 4/15/2021
|
|
|
385,000
|
|
350,350
|
|
|
5.75%, 5/15/2016
|
|
|
1,215,000
|
|
1,280,719
|
|
|
6.25%, 5/15/2019
|
|
|
345,000
|
|
355,350
|
|
|
8.625%, 1/15/2022
|
|
|
350,000
|
|
394,625
|
|
|
8.75%, 3/15/2017
|
|
|
685,000
|
|
776,619
|
|
MPT Operating Partnership LP:
|
|
|
|
|
|
|
|
(REIT), 6.375%, 2/15/2022
|
|
|
335,000
|
|
340,863
|
|
|
(REIT), 6.875%, 5/1/2021
|
|
|
305,000
|
|
321,013
|
|
Neuberger Berman Group LLC:
|
|
|
|
|
|
|
|
144A, 5.625%, 3/15/2020
|
|
|
190,000
|
|
197,125
|
|
|
144A, 5.875%, 3/15/2022
|
|
|
310,000
|
|
317,750
|
|
|
|
15,238,414
|
|
Health Care 10.6%
|
|
Aviv Healthcare Properties LP, 7.75%, 2/15/2019
|
|
|
565,000
|
|
604,550
|
|
Biomet, Inc.:
|
|
|
|
|
|
|
|
6.5%, 8/1/2020
|
|
|
380,000
|
|
389,500
|
|
|
6.5%, 10/1/2020
|
|
|
110,000
|
|
109,725
|
|
Community Health Systems, Inc.:
|
|
|
|
|
|
|
|
5.125%, 8/15/2018
|
|
|
3,440,000
|
|
3,517,400
|
|
|
7.125%, 7/15/2020
|
|
|
1,830,000
|
|
1,848,300
|
|
Fresenius Medical Care U.S. Finance II, Inc., 144A, 5.625%, 7/31/2019
|
|
|
250,000
|
|
257,500
|
|
Fresenius Medical Care U.S. Finance, Inc.:
|
|
|
|
|
|
|
|
144A, 5.75%, 2/15/2021
|
|
|
190,000
|
|
193,800
|
|
|
144A, 6.5%, 9/15/2018
|
|
|
125,000
|
|
136,250
|
|
HCA, Inc.:
|
|
|
|
|
|
|
|
5.875%, 3/15/2022
|
|
|
315,000
|
|
325,237
|
|
|
6.5%, 2/15/2020
|
|
|
3,645,000
|
|
3,913,819
|
|
|
7.5%, 2/15/2022
|
|
|
460,000
|
|
500,250
|
|
|
7.875%, 2/15/2020
|
|
|
855,000
|
|
922,331
|
|
|
8.5%, 4/15/2019
|
|
|
335,000
|
|
361,800
|
|
Hologic, Inc., 6.25%, 8/1/2020
|
|
|
230,000
|
|
239,775
|
|
IMS Health, Inc., 144A, 6.0%, 11/1/2020
|
|
|
275,000
|
|
282,219
|
|
Par Pharmaceutical Companies, Inc., 144A, 7.375%, 10/15/2020
|
|
|
395,000
|
|
408,825
|
|
Physio-Control International, Inc., 144A, 9.875%, 1/15/2019
|
|
|
171,000
|
|
188,955
|
|
Tenet Healthcare Corp.:
|
|
|
|
|
|
|
|
144A, 4.375%, 10/1/2021
|
|
|
460,000
|
|
417,450
|
|
|
144A, 4.5%, 4/1/2021
|
|
|
50,000
|
|
46,000
|
|
|
6.25%, 11/1/2018
|
|
|
1,200,000
|
|
1,267,500
|
|
VPII Escrow Corp., 144A, 6.75%, 8/15/2018
|
|
|
555,000
|
|
587,606
|
|
Warner Chilcott Co., LLC, 7.75%, 9/15/2018
|
|
|
430,000
|
|
469,775
|
|
|
|
16,988,567
|
|
Industrials 10.1%
|
|
Abengoa Finance SAU, 144A, 8.875%, 11/1/2017
|
|
|
145,000
|
|
136,300
|
|
Accuride Corp., 9.5%, 8/1/2018
|
|
|
175,000
|
|
180,250
|
|
Aguila 3 SA, 144A, 7.875%, 1/31/2018
|
|
|
520,000
|
|
544,700
|
|
Air Lease Corp.:
|
|
|
|
|
|
|
|
4.75%, 3/1/2020
|
|
|
310,000
|
|
309,225
|
|
|
5.625%, 4/1/2017
|
|
|
530,000
|
|
568,425
|
|
Alphabet Holding Co., Inc., 7.75%, 11/1/2017 (PIK)
|
|
|
110,000
|
|
113,575
|
|
AWAS Aviation Capital Ltd., 144A, 7.0%, 10/17/2016
|
|
|
463,600
|
|
479,826
|
|
BE Aerospace, Inc., 6.875%, 10/1/2020
|
|
|
190,000
|
|
205,200
|
|
Belden, Inc., 144A, 5.5%, 9/1/2022
|
|
|
380,000
|
|
368,600
|
|
Bombardier, Inc.:
|
|
|
|
|
|
|
|
144A, 5.75%, 3/15/2022
|
|
|
265,000
|
|
258,375
|
|
|
144A, 7.75%, 3/15/2020
|
|
|
1,365,000
|
|
1,523,681
|
|
Case New Holland, Inc., 7.875%, 12/1/2017
|
|
|
645,000
|
|
741,750
|
|
Casella Waste Systems, Inc., 7.75%, 2/15/2019
|
|
|
645,000
|
|
643,387
|
|
Clean Harbors, Inc., 5.125%, 6/1/2021
|
|
|
265,000
|
|
257,713
|
|
CNH Capital LLC, 3.625%, 4/15/2018
|
|
|
435,000
|
|
426,300
|
|
DigitalGlobe, Inc., 144A, 5.25%, 2/1/2021
|
|
|
155,000
|
|
145,313
|
|
Ducommun, Inc., 9.75%, 7/15/2018
|
|
|
415,000
|
|
458,575
|
|
DynCorp International, Inc., 10.375%, 7/1/2017
|
|
|
505,000
|
|
517,625
|
|
Florida East Coast Railway Corp., 8.125%, 2/1/2017
|
|
|
115,000
|
|
121,325
|
|
FTI Consulting, Inc.:
|
|
|
|
|
|
|
|
6.0%, 11/15/2022
|
|
|
220,000
|
|
217,250
|
|
|
6.75%, 10/1/2020
|
|
|
850,000
|
|
897,812
|
|
Garda World Security Corp., 144A, 9.75%, 3/15/2017
|
|
|
225,000
|
|
239,625
|
|
GenCorp, Inc., 144A, 7.125%, 3/15/2021
|
|
|
770,000
|
|
806,575
|
|
Huntington Ingalls Industries, Inc.:
|
|
|
|
|
|
|
|
6.875%, 3/15/2018
|
|
|
305,000
|
|
328,637
|
|
|
7.125%, 3/15/2021
|
|
|
60,000
|
|
64,800
|
|
Iron Mountain, Inc., 5.75%, 8/15/2024
|
|
|
265,000
|
|
239,163
|
|
Kenan Advantage Group, Inc., 144A, 8.375%, 12/15/2018
|
|
|
415,000
|
|
433,675
|
|
Meritor, Inc.:
|
|
|
|
|
|
|
|
6.75%, 6/15/2021
|
|
|
225,000
|
|
219,656
|
|
|
10.625%, 3/15/2018
|
|
|
185,000
|
|
200,725
|
|
Navios Maritime Holdings, Inc.:
|
|
|
|
|
|
|
|
8.125%, 2/15/2019
|
|
|
220,000
|
|
212,300
|
|
|
8.875%, 11/1/2017
|
|
|
130,000
|
|
135,363
|
|
Navios South American Logistics, Inc., 9.25%, 4/15/2019
|
|
|
185,000
|
|
199,800
|
|
Nortek, Inc., 8.5%, 4/15/2021
|
|
|
235,000
|
|
254,388
|
|
Ply Gem Industries, Inc., 9.375%, 4/15/2017
|
|
|
54,000
|
|
56,835
|
|
Spirit AeroSystems, Inc.:
|
|
|
|
|
|
|
|
6.75%, 12/15/2020
|
|
|
205,000
|
|
215,250
|
|
|
7.5%, 10/1/2017
|
|
|
210,000
|
|
218,663
|
|
Titan International, Inc.:
|
|
|
|
|
|
|
|
7.875%, 10/1/2017
|
|
|
535,000
|
|
567,100
|
|
|
144A, 7.875%, 10/1/2017
|
|
|
145,000
|
|
153,700
|
|
TransDigm, Inc.:
|
|
|
|
|
|
|
|
144A, 7.5%, 7/15/2021
|
|
|
405,000
|
|
428,287
|
|
|
7.75%, 12/15/2018
|
|
|
380,000
|
|
406,600
|
|
U.S. Airways Group, Inc., 6.125%, 6/1/2018
|
|
|
285,000
|
|
258,637
|
|
United Rentals North America, Inc.:
|
|
|
|
|
|
|
|
5.75%, 7/15/2018
|
|
|
425,000
|
|
453,687
|
|
|
6.125%, 6/15/2023
|
|
|
30,000
|
|
29,550
|
|
|
7.375%, 5/15/2020
|
|
|
350,000
|
|
377,125
|
|
|
7.625%, 4/15/2022
|
|
|
350,000
|
|
376,250
|
|
Watco Companies LLC, 144A, 6.375%, 4/1/2023
|
|
|
165,000
|
|
162,938
|
|
|
|
16,154,536
|
|
Information Technology 4.7%
|
|
ACI Worldwide, Inc., 144A, 6.375%, 8/15/2020
|
|
|
125,000
|
|
126,250
|
|
Alliance Data Systems Corp., 144A, 5.25%, 12/1/2017
|
|
|
270,000
|
|
278,775
|
|
BMC Software Finance, Inc., 144A, 8.125%, 7/15/2021
|
|
|
405,000
|
|
410,063
|
|
CDW LLC, 8.5%, 4/1/2019
|
|
|
470,000
|
|
516,412
|
|
CyrusOne LP, 6.375%, 11/15/2022
|
|
|
110,000
|
|
110,550
|
|
eAccess Ltd., 144A, 8.25%, 4/1/2018
|
|
|
180,000
|
|
196,650
|
|
EarthLink, Inc., 144A, 7.375%, 6/1/2020
|
|
|
285,000
|
|
278,588
|
|
Equinix, Inc.:
|
|
|
|
|
|
|
|
4.875%, 4/1/2020
|
|
|
290,000
|
|
279,125
|
|
|
5.375%, 4/1/2023
|
|
|
765,000
|
|
728,662
|
|
|
7.0%, 7/15/2021
|
|
|
250,000
|
|
268,125
|
|
First Data Corp.:
|
|
|
|
|
|
|
|
144A, 6.75%, 11/1/2020
|
|
|
765,000
|
|
782,212
|
|
|
144A, 7.375%, 6/15/2019
|
|
|
280,000
|
|
290,500
|
|
|
144A, 8.875%, 8/15/2020
|
|
|
500,000
|
|
540,000
|
|
|
144A, 10.625%, 6/15/2021
|
|
|
62,000
|
|
61,613
|
|
Freescale Semiconductor, Inc., 144A, 9.25%, 4/15/2018
|
|
|
710,000
|
|
766,800
|
|
Healthcare Technology Intermediate, Inc., 144A, 7.375%, 9/1/2018 (PIK)
|
|
|
85,000
|
|
86,275
|
|
Hughes Satellite Systems Corp.:
|
|
|
|
|
|
|
|
6.5%, 6/15/2019
|
|
|
540,000
|
|
568,350
|
|
|
7.625%, 6/15/2021
|
|
|
245,000
|
|
262,763
|
|
IAC/InterActiveCorp., 4.75%, 12/15/2022
|
|
|
210,000
|
|
193,725
|
|
Jabil Circuit, Inc., 5.625%, 12/15/2020
|
|
|
315,000
|
|
326,025
|
|
NXP BV, 144A, 3.75%, 6/1/2018
|
|
|
420,000
|
|
405,825
|
|
|
|
7,477,288
|
|
Materials 8.1%
|
|
APERAM, 144A, 7.375%, 4/1/2016
|
|
|
230,000
|
|
225,400
|
|
Ashland, Inc., 144A, 3.875%, 4/15/2018
|
|
|
165,000
|
|
162,525
|
|
Axiall Corp., 144A, 4.875%, 5/15/2023
|
|
|
65,000
|
|
60,288
|
|
Berry Plastics Corp.:
|
|
|
|
|
|
|
|
9.5%, 5/15/2018
|
|
|
190,000
|
|
206,388
|
|
|
9.75%, 1/15/2021
|
|
|
230,000
|
|
266,225
|
|
Bluescope Steel Ltd., 144A, 7.125%, 5/1/2018
|
|
|
165,000
|
|
166,650
|
|
BOE Intermediate Holding Corp., 144A, 9.0%, 11/1/2017 (PIK)
|
|
|
340,000
|
|
346,800
|
|
BOE Merger Corp., 144A, 9.5%, 11/1/2017 (PIK)
|
|
|
220,000
|
|
233,200
|
|
Clearwater Paper Corp., 7.125%, 11/1/2018
|
|
|
395,000
|
|
424,625
|
|
Compass Minerals International, Inc., 8.0%, 6/1/2019
|
|
|
380,000
|
|
406,600
|
|
Crown Americas LLC, 6.25%, 2/1/2021
|
|
|
55,000
|
|
57,750
|
|
Eagle Spinco, Inc., 144A, 4.625%, 2/15/2021
|
|
|
130,000
|
|
122,200
|
|
Essar Steel Algoma, Inc.:
|
|
|
|
|
|
|
|
144A, 9.375%, 3/15/2015
|
|
|
600,000
|
|
562,500
|
|
|
144A, 9.875%, 6/15/2015
|
|
|
105,000
|
|
81,375
|
|
Exopack Holding Corp., 10.0%, 6/1/2018
|
|
|
245,000
|
|
259,087
|
|
Fibria Overseas Finance Ltd., 144A, 6.75%, 3/3/2021
|
|
|
150,000
|
|
157,125
|
|
FMG Resources (August 2006) Pty Ltd.:
|
|
|
|
|
|
|
|
144A, 6.0%, 4/1/2017
|
|
|
380,000
|
|
386,650
|
|
|
144A, 6.875%, 4/1/2022
|
|
|
80,000
|
|
79,200
|
|
|
144A, 7.0%, 11/1/2015
|
|
|
390,000
|
|
401,700
|
|
|
144A, 8.25%, 11/1/2019
|
|
|
305,000
|
|
325,587
|
|
FQM Akubra, Inc.:
|
|
|
|
|
|
|
|
144A, 7.5%, 6/1/2021
|
|
|
600,000
|
|
603,000
|
|
|
144A, 8.75%, 6/1/2020
|
|
|
360,000
|
|
376,200
|
|
Greif, Inc., 7.75%, 8/1/2019
|
|
|
110,000
|
|
124,850
|
|
Hexion U.S. Finance Corp.:
|
|
|
|
|
|
|
|
6.625%, 4/15/2020
|
|
|
110,000
|
|
108,625
|
|
|
8.875%, 2/1/2018
|
|
|
385,000
|
|
393,662
|
|
Huntsman International LLC:
|
|
|
|
|
|
|
|
4.875%, 11/15/2020
|
|
|
245,000
|
|
233,363
|
|
|
8.625%, 3/15/2020
|
|
|
350,000
|
|
386,750
|
|
|
8.625%, 3/15/2021
|
|
|
140,000
|
|
156,100
|
|
IAMGOLD Corp., 144A, 6.75%, 10/1/2020
|
|
|
320,000
|
|
276,800
|
|
Kaiser Aluminum Corp., 8.25%, 6/1/2020
|
|
|
300,000
|
|
334,500
|
|
KGHM International Ltd., 144A, 7.75%, 6/15/2019
|
|
|
660,000
|
|
674,850
|
|
Novelis, Inc., 8.75%, 12/15/2020
|
|
|
1,330,000
|
|
1,446,375
|
|
OI European Group BV, 144A, 6.75%, 9/15/2020
|
EUR
|
|
195,000
|
|
289,937
|
|
Packaging Dynamics Corp., 144A, 8.75%, 2/1/2016
|
|
|
270,000
|
|
279,450
|
|
Perstorp Holding AB, 144A, 8.75%, 5/15/2017
|
|
|
200,000
|
|
204,500
|
|
Polymer Group, Inc., 7.75%, 2/1/2019
|
|
|
310,000
|
|
327,050
|
|
PolyOne Corp., 144A, 5.25%, 3/15/2023
|
|
|
625,000
|
|
598,437
|
|
Rain CII Carbon LLC:
|
|
|
|
|
|
|
|
144A, 8.0%, 12/1/2018
|
|
|
275,000
|
|
277,750
|
|
|
144A, 8.25%, 1/15/2021
|
|
|
200,000
|
|
200,000
|
|
Sealed Air Corp., 144A, 5.25%, 4/1/2023
|
|
|
55,000
|
|
52,388
|
|
Tronox Finance LLC, 144A, 6.375%, 8/15/2020
|
|
|
275,000
|
|
262,625
|
|
Viskase Companies, Inc., 144A, 9.875%, 1/15/2018
|
|
|
455,000
|
|
482,300
|
|
|
|
13,021,387
|
|
Telecommunication Services 20.7%
|
|
Altice Financing SA, 144A, 7.875%, 12/15/2019
|
|
|
245,000
|
|
258,598
|
|
Altice Finco SA, 144A, 9.875%, 12/15/2020
|
|
|
245,000
|
|
263,375
|
|
CenturyLink, Inc., Series V, 5.625%, 4/1/2020
|
|
|
110,000
|
|
107,800
|
|
Cincinnati Bell, Inc.:
|
|
|
|
|
|
|
|
8.25%, 10/15/2017
|
|
|
1,270,000
|
|
1,330,960
|
|
|
8.375%, 10/15/2020
|
|
|
1,050,000
|
|
1,110,375
|
|
|
8.75%, 3/15/2018
|
|
|
1,645,000
|
|
1,706,687
|
|
CPI International, Inc., 8.0%, 2/15/2018
|
|
|
135,000
|
|
138,375
|
|
Cricket Communications, Inc., 7.75%, 10/15/2020
|
|
|
1,315,000
|
|
1,494,169
|
|
Crown Castle International Corp., 7.125%, 11/1/2019
|
|
|
280,000
|
|
301,000
|
|
Digicel Group Ltd.:
|
|
|
|
|
|
|
|
144A, 8.25%, 9/30/2020
|
|
|
520,000
|
|
551,200
|
|
|
144A, 10.5%, 4/15/2018
|
|
|
260,000
|
|
280,150
|
|
Digicel Ltd.:
|
|
|
|
|
|
|
|
144A, 7.0%, 2/15/2020
|
|
|
200,000
|
|
202,000
|
|
|
144A, 8.25%, 9/1/2017
|
|
|
1,625,000
|
|
1,690,000
|
|
ERC Ireland Preferred Equity Ltd., 144A, 7.69% **, 2/15/2017 *
|
EUR
|
|
529,971
|
|
0
|
|
Frontier Communications Corp.:
|
|
|
|
|
|
|
|
7.125%, 1/15/2023
|
|
|
1,475,000
|
|
1,434,437
|
|
|
7.625%, 4/15/2024
|
|
|
115,000
|
|
112,413
|
|
|
8.25%, 4/15/2017
|
|
|
357,000
|
|
401,625
|
|
|
8.5%, 4/15/2020
|
|
|
540,000
|
|
589,950
|
|
|
8.75%, 4/15/2022
|
|
|
70,000
|
|
75,775
|
|
Intelsat Jackson Holdings SA:
|
|
|
|
|
|
|
|
144A, 5.5%, 8/1/2023
|
|
|
865,000
|
|
802,287
|
|
|
7.25%, 10/15/2020
|
|
|
1,235,000
|
|
1,318,362
|
|
|
7.5%, 4/1/2021
|
|
|
1,350,000
|
|
1,458,000
|
|
|
8.5%, 11/1/2019
|
|
|
620,000
|
|
674,250
|
|
Intelsat Luxembourg SA:
|
|
|
|
|
|
|
|
144A, 7.75%, 6/1/2021
|
|
|
705,000
|
|
726,150
|
|
|
144A, 8.125%, 6/1/2023
|
|
|
105,000
|
|
109,725
|
|
Level 3 Communications, Inc., 8.875%, 6/1/2019
|
|
|
30,000
|
|
32,025
|
|
Level 3 Financing, Inc.:
|
|
|
|
|
|
|
|
7.0%, 6/1/2020
|
|
|
415,000
|
|
418,112
|
|
|
8.125%, 7/1/2019
|
|
|
215,000
|
|
227,363
|
|
|
8.625%, 7/15/2020
|
|
|
180,000
|
|
192,600
|
|
MetroPCS Wireless, Inc.:
|
|
|
|
|
|
|
|
6.625%, 11/15/2020
|
|
|
260,000
|
|
269,750
|
|
|
144A, 6.625%, 4/1/2023
|
|
|
285,000
|
|
282,863
|
|
|
7.875%, 9/1/2018
|
|
|
435,000
|
|
470,887
|
|
Millicom International Cellular SA, 144A, 4.75%, 5/22/2020
|
|
|
835,000
|
|
790,119
|
|
NII Capital Corp., 7.625%, 4/1/2021
|
|
|
170,000
|
|
130,050
|
|
Pacnet Ltd., 144A, 9.25%, 11/9/2015
|
|
|
441,000
|
|
441,000
|
|
SBA Communications Corp., 5.625%, 10/1/2019
|
|
|
215,000
|
|
211,775
|
|
SBA Telecommunications, Inc., 8.25%, 8/15/2019
|
|
|
97,000
|
|
105,245
|
|
Sprint Communications, Inc.:
|
|
|
|
|
|
|
|
6.0%, 12/1/2016
|
|
|
2,230,000
|
|
2,363,800
|
|
|
9.125%, 3/1/2017
|
|
|
180,000
|
|
206,550
|
|
Telesat Canada, 144A, 6.0%, 5/15/2017
|
|
|
2,560,000
|
|
2,656,000
|
|
tw telecom holdings, Inc.:
|
|
|
|
|
|
|
|
5.375%, 10/1/2022
|
|
|
300,000
|
|
285,750
|
|
|
144A, 5.375%, 10/1/2022
|
|
|
60,000
|
|
57,150
|
|
|
144A, 6.375%, 9/1/2023
|
|
|
290,000
|
|
288,550
|
|
UPCB Finance III Ltd., 144A, 6.625%, 7/1/2020
|
|
|
1,575,000
|
|
1,645,875
|
|
UPCB Finance V Ltd., 144A, 7.25%, 11/15/2021
|
|
|
235,000
|
|
253,800
|
|
UPCB Finance VI Ltd., 144A, 6.875%, 1/15/2022
|
|
|
300,000
|
|
313,500
|
|
Wind Acquisition Finance SA:
|
|
|
|
|
|
|
|
144A, 6.5%, 4/30/2020
|
|
|
225,000
|
|
225,000
|
|
|
144A, 7.25%, 2/15/2018
|
|
|
280,000
|
|
285,600
|
|
Windstream Corp.:
|
|
|
|
|
|
|
|
6.375%, 8/1/2023
|
|
|
265,000
|
|
239,494
|
|
|
7.5%, 6/1/2022
|
|
|
180,000
|
|
179,100
|
|
|
7.5%, 4/1/2023
|
|
|
440,000
|
|
430,100
|
|
|
7.75%, 10/15/2020
|
|
|
70,000
|
|
71,575
|
|
|
7.75%, 10/1/2021
|
|
|
355,000
|
|
362,988
|
|
|
144A, 7.75%, 10/1/2021
|
|
|
435,000
|
|
444,787
|
|
|
7.875%, 11/1/2017
|
|
|
1,710,000
|
|
1,898,100
|
|
|
8.125%, 9/1/2018
|
|
|
300,000
|
|
321,750
|
|
|
|
33,238,921
|
|
Utilities 4.0%
|
|
AES Corp.:
|
|
|
|
|
|
|
|
4.875%, 5/15/2023
|
|
|
115,000
|
|
105,513
|
|
|
7.75%, 10/15/2015
|
|
|
638,000
|
|
709,775
|
|
|
8.0%, 10/15/2017
|
|
|
440,000
|
|
506,000
|
|
|
8.0%, 6/1/2020
|
|
|
480,000
|
|
544,800
|
|
Calpine Corp.:
|
|
|
|
|
|
|
|
144A, 7.5%, 2/15/2021
|
|
|
441,000
|
|
467,460
|
|
|
144A, 7.875%, 7/31/2020
|
|
|
486,000
|
|
524,880
|
|
DPL, Inc., 6.5%, 10/15/2016
|
|
|
1,380,000
|
|
1,455,900
|
|
Energy Future Holdings Corp., Series Q, 6.5%, 11/15/2024
|
|
|
300,000
|
|
151,500
|
|
Energy Future Intermediate Holding Co., LLC:
|
|
|
|
|
|
|
|
10.0%, 12/1/2020
|
|
|
70,000
|
|
73,763
|
|
|
11.0%, 10/1/2021
|
|
|
595,000
|
|
638,137
|
|
IPALCO Enterprises, Inc.:
|
|
|
|
|
|
|
|
5.0%, 5/1/2018
|
|
|
715,000
|
|
734,662
|
|
|
144A, 7.25%, 4/1/2016
|
|
|
315,000
|
|
344,138
|
|
NRG Energy, Inc., 7.625%, 1/15/2018
|
|
|
210,000
|
|
232,575
|
|
|
|
6,489,103
|
|
|
Total Corporate Bonds
(Cost $171,711,769)
|
|
174,176,124
|
|
|
Loan Participations and Assignments 23.2%
|
|
Senior Loans ** 22.7%
|
|
Consumer Discretionary 6.6%
|
|
Air Distribution Technologies, Inc., First Lien Term Loan, 5.0%, 11/9/2018
|
|
|
412,925
|
|
418,087
|
|
Buffets, Inc., Letter of Credit, First Lien, LIBOR plus 9.25%, 4/22/2015 *
|
|
|
59,491
|
|
29,745
|
|
Burger King Corp., Term Loan B, 3.75%, 9/27/2019
|
|
|
466,475
|
|
470,118
|
|
Caesars Entertainment Operating Co., Term Loan B6, 5.434%, 1/26/2018
|
|
|
95,807
|
|
86,386
|
|
Cumulus Media Holdings, Inc., Second Lien Term Loan, 7.5%, 9/16/2019
|
|
|
375,000
|
|
380,156
|
|
Goodyear Tire & Rubber Co., Second Lien Term Loan, 4.75%, 4/30/2019
|
|
|
2,390,000
|
|
2,408,977
|
|
Petco Animal Supplies, Inc., Term Loan, 4.0%, 11/24/2017
|
|
|
408,607
|
|
411,216
|
|
Pilot Travel Centers LLC:
|
|
|
|
|
|
|
|
Term Loan B, 3.75%, 3/30/2018
|
|
|
662,083
|
|
660,706
|
|
|
Term Loan B2, 4.25%, 8/7/2019
|
|
|
1,721,988
|
|
1,719,835
|
|
Quebecor Media, Inc., Term Loan B1, 3.25%, 8/1/2019
|
|
|
915,000
|
|
915,572
|
|
Tomkins LLC, Term Loan B2, 3.75%, 9/29/2016
|
|
|
2,713,073
|
|
2,726,639
|
|
Univision Communications, Inc., Term Loan, 4.5%, 3/2/2020
|
|
|
434,613
|
|
434,400
|
|
|
|
10,661,837
|
|
Consumer Staples 2.6%
|
|
Albertson's LLC:
|
|
|
|
|
|
|
|
Term Loan B1, 4.25%, 3/21/2016
|
|
|
522,156
|
|
524,931
|
|
|
Term Loan B2, 4.75%, 3/21/2019
|
|
|
340,682
|
|
341,391
|
|
Del Monte Foods Co., Term Loan, 4.0%, 3/8/2018
|
|
|
1,022,776
|
|
1,024,688
|
|
HJ Heinz Co., Term Loan B2, 3.5%, 6/5/2020
|
|
|
1,890,000
|
|
1,904,411
|
|
Pinnacle Foods Finance LLC, Term Loan G, 3.25%, 4/29/2020
|
|
|
339,150
|
|
336,678
|
|
|
|
4,132,099
|
|
Energy 2.0%
|
|
Chesapeake Energy Corp., Term Loan, 5.75%, 12/1/2017
|
|
|
865,000
|
|
884,238
|
|
Ruby Western Pipeline Holdings LLC, Term Loan B, 3.5%, 3/27/2020
|
|
|
214,086
|
|
213,819
|
|
Samson Investment Co., Second Lien Term Loan, 6.0%, 9/25/2018
|
|
|
1,295,000
|
|
1,304,719
|
|
Tallgrass Operations LLC, Term Loan, 5.25%, 11/13/2018
|
|
|
715,350
|
|
725,336
|
|
|
|
3,128,112
|
|
Financials 0.0%
|
|
Alliance Mortgage Cycle Loan, Term Loan A, 9.5%, 6/15/2010 *
|
|
|
466,667
|
|
0
|
|
Health Care 2.1%
|
|
Par Pharmaceutical Companies, Inc., Term Loan B, 4.25%, 9/30/2019
|
|
|
769,197
|
|
767,636
|
|
Valeant Pharmaceuticals International, Inc.:
|
|
|
|
|
|
|
|
Term Loan B, 4.375%, 2/13/2019
|
|
|
1,017,437
|
|
1,023,537
|
|
|
Term Loan B, 4.375%, 12/11/2019
|
|
|
862,827
|
|
867,248
|
|
Warner Chilcott Corp.:
|
|
|
|
|
|
|
|
Term Loan B1, 4.25%, 3/15/2018
|
|
|
302,755
|
|
303,890
|
|
|
Incremental Term Loan B1, 4.25%, 3/15/2018
|
|
|
131,797
|
|
132,291
|
|
WC Luxco SARL, Term Loan B3, 4.25%, 3/15/2018
|
|
|
238,576
|
|
239,471
|
|
|
|
3,334,073
|
|
Industrials 2.0%
|
|
Buffalo Gulf Coast Terminals LLC, Term Loan, 5.25%, 10/31/2017
|
|
|
496,250
|
|
501,212
|
|
Transdigm, Inc., Term Loan C, 3.75%, 2/28/2020
|
|
|
1,550,411
|
|
1,552,675
|
|
WP CPP Holdings LLC, First Lien Term Loan, 4.75%, 12/27/2019
|
|
|
1,144,250
|
|
1,144,250
|
|
|
|
3,198,137
|
|
Information Technology 1.2%
|
|
First Data Corp., Term Loan, 4.184%, 3/24/2017
|
|
|
1,945,000
|
|
1,932,173
|
|
Materials 1.4%
|
|
Axalta Coating Systems U.S. Holdings, Inc., Term Loan, 4.75%, 2/3/2020
|
|
|
1,230,000
|
|
1,240,916
|
|
Berry Plastics Holding Corp., Term Loan D, 3.5%, 2/7/2020
|
|
|
1,000,000
|
|
994,110
|
|
|
|
2,235,026
|
|
Telecommunication Services 4.2%
|
|
Crown Castle International Corp., Term Loan, 3.25%, 1/31/2019
|
|
|
2,948,164
|
|
2,927,586
|
|
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/2020
|
|
|
39,900
|
|
40,261
|
|
Kabel Deutschland GmbH, Term Loan F1, 3.25%, 2/1/2019
|
|
|
3,040,000
|
|
3,042,675
|
|
Syniverse Holdings, Inc., Term Loan B, 4.0%, 4/23/2019
|
|
|
695,000
|
|
699,563
|
|
|
|
6,710,085
|
|
Utilities 0.6%
|
|
NRG Energy, Inc., Term Loan B, 2.75%, 7/2/2018
|
|
|
972,563
|
|
967,928
|
|
|
Sovereign Loan 0.5%
|
|
Financials
|
|
VTB Bank OJSC, 144A, 6.315%, 2/22/2018
|
|
|
750,000
|
|
789,375
|
|
|
Total Loan Participations and Assignments
(Cost $37,408,303)
|
|
37,088,845
|
|
|
|
|
Consumer Discretionary 0.3%
|
|
Group 1 Automotive, Inc., 3.0%, 3/15/2020
|
|
|
195,000
|
|
413,888
|
|
Materials 0.8%
|
|
GEO Specialty Chemicals, Inc., 144A, 7.5%, 3/31/2015 (PIK)
|
|
|
776,436
|
|
1,296,570
|
|
|
Total Convertible Bonds
(Cost $966,599)
|
|
1,710,458
|
|