Fund Facts  

Inception Date: May 1, 2014
Ticker Symbol: VQHYX
Registration Date: May 1, 2014
Morningstar Category:High Yield Bond
As of Jun 30, 2016
Fund Net Assets ($millions) $358

Documents for Fund or Underlying Fund(s)  

Description

Objective  

To seek current income and capital appreciation.

Principal Investment Strategies  

The Fund invests, under normal circumstances, at least 80% of its net assets in high yield fixed income securities and other instruments that are rated below investment grade. For purposes of this 80% policy, the Fund considers a below investment grade rating to be a rating that is below the four highest grades by Standard & Poor's, Moody's Investors Service, Inc., or Fitch Ratings. Below investment grade securities are commonly referred to as “junk bonds.” These investments may include the following:

• U.S. or foreign corporate fixed income securities;
• U.S. or foreign floating rate loans;
• U.S. or foreign mortgage-backed securities;
• U.S. or foreign asset-backed securities;
• Municipal securities;
• Fixed income securities issued or guaranteed by foreign governments or their agencies or instrumentalities, or supranational organizations; and
• U.S. or foreign convertible fixed income securities.

The Fund’s fixed income investments may be of any maturity.

The Fund’s investments in floating rate loans may not exceed 30% of the Fund’s net assets.

The Fund also may invest up to 20% of its net assets in:

• Securities and instruments of any type that are not considered to be below investment grade; and
• Unrated securities and instruments of the types listed above that the Fund’s subadviser(s) determines are below investment grade in quality.

The Fund may invest no more than 50% of its net assets in foreign securities or other foreign instruments. In addition, the Fund may invest no more than 30% of its net assets in securities or other instruments of issuers located in emerging market countries (these investments are also subject to the 50% limit above). The Fund primarily invests in U.S. dollar denominated instruments.

The Fund also may invest up to 20% of its net assets in derivative instruments. The Fund’s subadviser may use forwards, futures, options, swap agreements, and swaptions to manage risk or to obtain or adjust investment exposure. The Fund’s investments in credit default swaps, if any, will be less than 5% of the Fund’s net assets.

The Fund is available for investment only by the Vantagepoint Model Portfolio Funds and Vantagepoint Milestone Funds.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include High Yield Securities Risk, Credit Risk, Interest Rate Risk, Call Risk, Floating Rate Loans Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Prepayment and Extension Risk, U.S. Government Agency Securities Risk, Municipal Securities Risk, Foreign Securities Risk, Foreign Government Securities Risk, Emerging Markets Securities Risk, Foreign Currency Risk, Convertible Securities Risk, Derivative Instruments Risk, Liquidity Risk, Multi-Manager Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vantagepoint High Yield T   5.12%7.84%-0.02%N/AN/AN/A-0.14%
Barclays U.S. Corporate High Yield 2% Issuer Capped Bond Indexa,b5.52%9.06%1.65%4.20%5.84%7.61%N/A
Morningstar High Yield Bonda,c4.23%6.43%-0.46%2.92%4.58%5.97%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expenses   0.81%
Fee waiver and/or expense reimbursement0.08%
Total Expenses0.73%

A contractual expense waiver exists for this fund and will expire on 04-30-2017.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Barclays U.S. Corporate High Yield 2% Issuer Capped Bond Index is an issuer-constrained version of the Barclays U.S. Corporate High Yield Index that measures the market of USD-denominated, non-investment grade, fixed-rate, taxable corporate bonds. The Barclays U.S. Corporate High Yield 2% Issuer Capped Bond Index limits the exposure of each issuer to 2% of the total market value and redistributes any excess market value index-wide on a pro-rata basis.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Aug 31, 2016Aug 31, 2016$0.047685000
Jul 29, 2016Jul 29, 2016$0.071562000
Jun 30, 2016Jun 30, 2016$0.039277000
May 31, 2016May 31, 2016$0.048871000
Apr 29, 2016Apr 29, 2016$0.040603000
Mar 31, 2016Mar 31, 2016$0.044531000
Feb 29, 2016Feb 29, 2016$0.044435000
Jan 29, 2016Jan 29, 2016$0.037679000
Dec 31, 2015Dec 31, 2015$0.057700000
Nov 30, 2015Nov 30, 2015$0.042651000
Oct 30, 2015Oct 30, 2015$0.041607000
Sep 30, 2015Sep 30, 2015$0.051181000
Aug 31, 2015Aug 31, 2015$0.043469000
Jul 31, 2015Jul 31, 2015$0.043687000
Jun 30, 2015Jun 30, 2015$0.044115000
May 29, 2015May 29, 2015$0.042144000
Apr 30, 2015Apr 30, 2015$0.039151000
Mar 31, 2015Mar 31, 2015$0.045492000
 

Morningstar Information

Morningstar Rating   As of Jun 30, 2016
Period Stars Category Size
Overall N/A N/A
3-Year N/A N/A
5-Year N/A N/A
10-Year N/A N/A
 
Morningstar Stylebox As of Jun 30, 2016
Fixed Income Stylebox
Low Moderate
Allocation of Assets As of May 31, 2016
Type of Asset Percent
Equity0%
Fixed Income97%
Cash/Other3%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of May 31, 2016
Asset ClassPercent
Domestic Stock0.2%
Foreign Stock0.1%
Domestic Bond75.7%
Foreign Bond20.3%
Preferred0.4%
Convertible0.2%
Cash3.1%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of May 31, 2016
SectorPercent
Corporate81.3%
Government9.7%
Securitized3.6%
Cash & Equivalents2.9%
Derivative0.2%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of May 31, 2016
Quality LevelPercent
AAA1.7%
AA0.0%
A0.1%
BBB3.5%
BB29.2%
B43.0%
Below B19.2%
Not Rated3.3%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Aug 31, 2016
Holding NamePercent
US 2YR NOTE (CBT) BOND DEC16 (TUZ6) COMDTY6.6%
US 5YR NOTE (CBT) BOND DEC16 (FVZ6) COMDTY3.7%
FIDELITY INSTITUTIONAL MONEY MARKET2.4%
SPRINT CORP 7.25% 09/15/20211.5%
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.274% 10/25/20240.7%
HCA INC 5.375% 02/01/20250.7%
FIRST DATA CORP 7% 12/01/20230.7%
CIT GROUP INC 5% 08/15/20220.6%
AERCAP IRELAND CAPITAL LTD / AERCAP GLOBAL AVIATION TRUST 4.5% 05/15/20210.6%
DISH DBS CORP 5.875% 07/15/20220.6%
All Holdings As of Aug 31, 2016
Equity
Holding NameMarket Value
GMAC CAPITAL TRUST I$1,133,543
MAGNUM HUNTER RESOURCES CORP$875,853
ALLERGAN PLC$419,661
HERCULES OFFSHORE INC$16,352
SEVENTY SEVEN ENERGY INC$5,142
 
Fixed Income
Holding NameMarket Value
SPRINT CORP 7.25% 09/15/2021$5,510,344
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.274% 10/25/2024$2,654,738
HCA INC 5.375% 02/01/2025$2,562,656
FIRST DATA CORP 7% 12/01/2023$2,438,900
CIT GROUP INC 5% 08/15/2022$2,162,188
AERCAP IRELAND CAPITAL LTD / AERCAP GLOBAL AVIATION TRUST 4.5% 05/15/2021$2,117,500
DISH DBS CORP 5.875% 07/15/2022$1,968,313
UNITED RENTALS NORTH AMERICA INC 6.125% 06/15/2023$1,785,063
SPRINT CAPITAL CORP 6.9% 05/01/2019$1,776,250
CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022$1,774,375
PRESTIGE BRANDS INC 5.375% 12/15/2021$1,723,269
WMG ACQUISITION CORP 5.625% 04/15/2022$1,689,694
NAVIENT CORP 4.875% 06/17/2019$1,665,563
SFR GROUP SA 7.375% 05/01/2026$1,664,338
DOLLAR TREE INC 5.75% 03/01/2023$1,659,719
FLEXI-VAN LEASING INC 7.875% 08/15/2018$1,656,150
STANDARD INDUSTRIES INC/NJ 6% 10/15/2025$1,624,344
INTELSAT JACKSON HOLDINGS SA 7.5% 04/01/2021$1,602,113
T-MOBILE USA INC 6.633% 04/28/2021$1,576,875
MORGAN STANLEY RESECURITIZATION TRUST 2015-R6 0.774% 07/26/2045$1,540,082
MIRAN MID-ATLANTIC SERIES C PASS THROUGH TRUST 10.06% 12/30/2028$1,512,592
INTELSAT JACKSON HOLDINGS SA 8% 02/15/2024$1,497,994
ESH HOSPITALITY INC 5.25% 05/01/2025$1,471,871
SUMMIT MATERIALS LLC / SUMMIT MATERIALS FINANCE CORP 6.125% 07/15/2023$1,453,500
CLEAN HARBORS INC 5.25% 08/01/2020$1,449,480
PACTIV LLC 8.375% 04/15/2027$1,439,750
IRON MOUNTAIN EUROPE PLC 6.125% 09/15/2022$1,422,828
NOMURA RESECURITIZATION TRUST 2015-6R 0.71% 05/26/2046$1,420,736
SUBURBAN PROPANE PARTNERS LP/SUBURBAN ENERGY FINANCE CORP 5.5% 06/01/2024$1,395,625
ASHTEAD CAPITAL INC 6.5% 07/15/2022$1,378,000
TENET HEALTHCARE CORP 6.75% 06/15/2023$1,363,863
EXTRACTION OIL & GAS HOLDINGS LLC / EXTRACTION FINANCE CORP 7.875% 07/15/2021$1,360,100
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 4.908% 07/23/2025$1,359,619
AMERIGAS FINANCE LLC / AMERIGAS FINANCE CORP 7% 05/20/2022$1,348,200
NRG ENERGY INC 6.25% 07/15/2022$1,334,125
VALEANT PHARMACEUTICALS INTERNATIONAL 6.75% 08/15/2021$1,324,406
ACADIA HEALTHCARE CO INC 5.125% 07/01/2022$1,323,300
CASCADES INC 5.5% 07/15/2022$1,323,100
1011778 BC ULC / NEW RED FINANCE INC 4.625% 01/15/2022$1,313,475
ARDAGH FINANCE HOLDINGS SA 8.625% 06/15/2019$1,309,486
REYNOLDS GROUP ISSUER INC / REYNOLDS GROUP ISSUER LLC / REYNOLDS GROUP ISSUER LU 7% 07/15/2024$1,309,213
BALL CORP 4.375% 12/15/2023$1,290,464
FIRST DATA CORP 5% 01/15/2024$1,251,031
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 5% 04/15/2022$1,237,344
AERCAP IRELAND CAPITAL LTD / AERCAP GLOBAL AVIATION TRUST 4.625% 07/01/2022$1,235,400
CHURCHILL DOWNS INC 5.375% 12/15/2021$1,222,650
CONVATEC FINANCE INTERNATIONAL SA 8.25% 01/15/2019$1,222,147
NOVELIS INC 8.75% 12/15/2020$1,212,028
FIRST QUALITY FINANCE CO INC 4.625% 05/15/2021$1,203,000
HD SUPPLY INC 5.75% 04/15/2024$1,200,938
R&R PIK PLC 9.25% 05/15/2018$1,194,201
DJO FINCO INC / DJO FINANCE LLC / DJO FINANCE CORP 8.125% 06/15/2021$1,185,900
UNITED AIRLINES 2013-1 CLASS B PASS THROUGH TRUST 5.375% 02/15/2023$1,168,914
ENVISION HEALTHCARE CORP 5.125% 07/01/2022$1,167,250
CONSTELLATION BRANDS INC 6% 05/01/2022$1,165,000
MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC 5.75% 08/01/2022$1,160,063
MILACRON LLC / MCRON FINANCE CORP 7.75% 02/15/2021$1,149,750
PILGRIM'S PRIDE CORP 5.75% 03/15/2025$1,141,250
APEX TOOL GROUP LLC 7% 02/01/2021$1,125,750
PINNACLE FOODS FINANCE LLC / PINNACLE FOODS FINANCE CORP 4.875% 05/01/2021$1,125,688
VALEANT PHARMACEUTICALS INTERNATIONAL INC 5.625% 12/01/2021$1,120,763
SFR GROUP SA 5.625% 05/15/2024$1,114,056
INGLES MARKETS INC 5.75% 06/15/2023$1,108,389
DAVITA HEALTHCARE PARTNERS INC 5.125% 07/15/2024$1,086,094
HCA HOLDINGS INC 6.25% 02/15/2021$1,085,000
HANESBRANDS FINANCE LUXEMBOURG SCA 3.5% 06/15/2024$1,079,524
PARTY CITY HOLDINGS INC 6.125% 08/15/2023$1,078,175
NEIMAN MARCUS GROUP LTD LLC 8.75% 10/15/2021$1,070,925
H&E EQUIPMENT SERVICES INC 7% 09/01/2022$1,070,600
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.674% 03/25/2037$1,070,430
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENERGY PARTNERS FINANCE CORP 7.375% 02/01/2020$1,069,250
COVANTA HOLDING CORP 6.375% 10/01/2022$1,065,900
TERRAFORM POWER OPERATING LLC 5.875% 02/01/2023$1,063,125
CAPSUGEL SA 7% 05/15/2019$1,042,599
NCR CORP 5.875% 12/15/2021$1,040,738
RITE AID CORP 6.375% 04/01/2023$1,039,997
SIMMONS FOODS INC 7.875% 10/01/2021$1,039,500
OPEN TEXT CORP 5.625% 01/15/2023$1,037,500
GLP CAPITAL LP / GLP FINANCING II INC 5.375% 04/15/2026$1,034,775
CITIGROUP INC 5.95% 05/15/2025$1,034,375
DBP HOLDING CORP 7.75% 10/15/2020$1,032,750
GEO GROUP INC/THE 6% 04/15/2026$1,031,931
COGENT COMMUNICATIONS GROUP INC 5.375% 03/01/2022$1,014,300
WORLDPAY FINANCE PLC 3.75% 11/15/2022$1,013,314
NRG YIELD OPERATING LLC 5.375% 08/15/2024$1,010,838
UNIVERSAL HOSPITAL SERVICES INC 7.625% 08/15/2020$1,010,625
BLUELINE RENTAL FINANCE CORP 7% 02/01/2019$1,009,200
TENET HEALTHCARE CORP 8.125% 04/01/2022$997,150
REPERFORMING LOAN REMIC TRUST 2005-R2 8% 06/25/2035$995,071
SABINE PASS LIQUEFACTION LLC 5.625% 04/15/2023$983,475
SBA COMMUNICATIONS CORP 4.875% 07/15/2022$981,263
OASIS PETROLEUM INC 6.875% 01/15/2023$978,513
DARLING GLOBAL FINANCE BV 4.75% 05/30/2022$974,763
NATURAL RESOURCE PARTNERS LP / NRP FINANCE CORP 9.125% 10/01/2018$974,625
HUB INTERNATIONAL LTD 7.875% 10/01/2021$973,750
CEDAR FAIR LP / CANADA'S WONDERLAND CO / MAGNUM MANAGEMENT CORP 5.375% 06/01/2024$966,875
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 6.75% 03/15/2024$966,088
WINDSTREAM SERVICES LLC 7.5% 04/01/2023$956,250
WEST CORP 5.375% 07/15/2022$949,388
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 6.75% 05/15/2024$946,180
DH SERVICES LUXEMBOURG SARL 7.75% 12/15/2020$943,875
AXALTA COATING SYSTEMS LLC 4.25% 08/15/2024$939,749
AMSURG CORP 5.625% 07/15/2022$937,806
CENTURYLINK INC 5.8% 03/15/2022$934,515
AURIS LUXEMBOURG II SA 8% 01/15/2023$926,905
ALLY FINANCIAL INC 7.5% 09/15/2020$920,848
CARLSON TRAVEL HOLDINGS INC 7.5% 08/15/2019$920,000
TEMPUR SEALY INTERNATIONAL INC 5.5% 06/15/2026$910,890
WATCO COS LLC / WATCO FINANCE CORP 6.375% 04/01/2023$906,750
AMERICAN BUILDERS & CONTRACTORS SUPPLY CO INC 5.75% 12/15/2023$906,300
JAGUAR HOLDING CO II / PHARMACEUTICAL PRODUCT DEVELOPMENT LLC 6.375% 08/01/2023$903,000
FIRST QUANTUM MINERALS LTD 7.25% 05/15/2022$901,313
HCA INC 5.875% 02/15/2026$899,938
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL & GAS INC 6.875% 02/15/2023$899,300
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 6.02% 06/15/2026$889,658
MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP 6.375% 03/01/2024$876,488
SIX FLAGS ENTERTAINMENT CORP 4.875% 07/31/2024$874,238
VWR FUNDING INC 4.625% 04/15/2022$869,652
CTR PARTNERSHIP LP / CARETRUST CAPITAL CORP 5.875% 06/01/2021$861,000
CENTENE CORP 5.625% 02/15/2021$858,331
BOYD GAMING CORP 6.375% 04/01/2026$850,650
VIRGIN MEDIA FINANCE PLC 7% 04/15/2023$843,860
WOODSIDE HOMES CO LLC / WOODSIDE HOMES FINANCE INC 6.75% 12/15/2021$843,750
MURRAY ENERGY CORP TL B2 1L 7.5% 09/30/2016$843,634
CENTURYLINK INC 5.625% 04/01/2025$841,725
AMERICAN AIRLINES 2013-2 CLASS B PASS THROUGH TRUST 5.6% 01/15/2022$827,031
PLASTIPAK HOLDINGS INC 6.5% 10/01/2021$820,325
ALTICE LUXEMBOURG SA 7.25% 05/15/2022$815,478
QUICKEN LOANS INC 5.75% 05/01/2025$812,268
INTREPID AVIATION GROUP HOLDINGS LLC / INTREPID FINANCE CO 6.875% 02/15/2019$812,213
RENT-A-CENTER INC/TX 6.625% 11/15/2020$811,200
POST HOLDINGS INC 5% 08/15/2026$810,000
CAESARS ENTERTAINMENT RESORT PROPERTIES LLC / CAESARS ENTERTAINMENT RESORT PROPE 8% 10/01/2020$805,800
CBC AMMO LLC / CBC FINCO INC 7.25% 11/15/2021$804,100
IRON MOUNTAIN INC 6% 10/01/2020$798,758
SEALED AIR CORP 4.5% 09/15/2023$791,856
ELDORADO GOLD CORP 6.125% 12/15/2020$788,572
BIOSCRIP INC 8.875% 02/15/2021$786,425
SPECTRUM BRANDS INC 6.625% 11/15/2022$784,750
POST HOLDINGS INC 6% 12/15/2022$782,812
AMERICAN BUILDERS & CONTRACTORS SUPPLY CO INC 5.625% 04/15/2021$781,875
FAGE INTERNATIONAL SA/ FAGE USA DAIRY INDUSTRY INC 5.625% 08/15/2026$777,188
KCA DEUTAG UK FINANCE PLC 7.25% 05/15/2021$775,200
ENCORE CREDIT RECEIVABLES TRUST 2005-3 1.559% 10/25/2035$774,047
CHESAPEAKE ENERGY CORP 3.93% 04/15/2019$773,500
BRUNSWICK CORP/DE 4.625% 05/15/2021$770,625
WILLIAMS COS INC/THE 7.5% 01/15/2031$770,500
NAVIOS MARITIME ACQUISITION CORP / NAVIOS ACQUISITION FINANCE US INC 8.125% 11/15/2021$765,000
COMMSCOPE INC 5.5% 06/15/2024$763,969
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 5.75% 02/15/2026$761,475
PHI INC 5.25% 03/15/2019$761,213
NEUBERGER BERMAN GROUP LLC / NEUBERGER BERMAN FINANCE CORP 5.875% 03/15/2022$756,719
MGM GROWTH PROPERTIES OPERATING PARTNERSHIP LP / MGP FINANCE CO-ISSUER INC 5.625% 05/01/2024$755,813
TECK RESOURCES LTD 8.5% 06/01/2024$755,425
TESORO LOGISTICS LP / TESORO LOGISTICS FINANCE CORP 6.375% 05/01/2024$745,388
FRONTIER COMMUNICATIONS CORP 7.625% 04/15/2024$741,825
ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSON'S INC / ALBERTSON'S LLC 5.75% 03/15/2025$741,813
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 5.125% 05/01/2023$738,283
CITGO PETROLEUM CORP 6.25% 08/15/2022$736,125
AES CORP/VA 6% 05/15/2026$733,125
REYNOLDS GROUP ISSUER INC / REYNOLDS GROUP ISSUER LLC / REYNOLDS GROUP ISSUER LU 5.125% 07/15/2023$732,319
TRONOX FINANCE LLC 6.375% 08/15/2020$728,000
JONES ENERGY HOLDINGS LLC / JONES ENERGY FINANCE CORP 6.75% 04/01/2022$726,600
COMMSCOPE INC 5% 06/15/2021$723,669
MPH ACQUISITION HOLDINGS LLC 7.125% 06/01/2024$721,925
SCIENTIFIC GAMES INTERNATIONAL INC 7% 01/01/2022$720,563
BAYTEX ENERGY CORP 5.125% 06/01/2021$720,250
VEREIT OPERATING PARTNERSHIP LP 4.875% 06/01/2026$719,031
OPTION ONE MORTGAGE LOAN TRUST 2005-4 ASSET-BACKED CERTIFICATES SERIES 2005-4 1.014% 11/25/2035$715,657
NEIMAN MARCUS GROUP LTD LLC 8% 10/15/2021$714,381
ALTICE FINANCING SA 6.625% 02/15/2023$710,600
ZIGGO BOND FINANCE BV 4.625% 01/15/2025$708,136
HEALTHSOUTH CORP 5.125% 03/15/2023$707,163
CENTURY INTERMEDIATE HOLDING CO 2 9.75% 02/15/2019$706,388
MICHAEL BAKER HOLDINGS LLC / MICAHEL BAKER FINANCE CORP 8.75% 04/15/2019$703,629
KFC HOLDING CO/PIZZA HUT HOLDINGS LLC/TACO BELL OF AMERICA LLC 5% 06/01/2024$699,061
SFR GROUP SA 6% 05/15/2022$697,510
DISH DBS CORP 7.75% 07/01/2026$689,821
GULFPORT ENERGY CORP 6.625% 05/01/2023$686,613
SUN PRODUCTS CORP/THE 7.75% 03/15/2021$685,575
ARQIVA BROADCAST FINANCE PLC 9.5% 03/31/2020$683,889
TELECOM ITALIA SPA/MILANO 5.303% 05/30/2024$682,275
SHELF DRILLING HOLDINGS LTD 8.625% 11/01/2018$678,525
ROCKIES EXPRESS PIPELINE LLC 6.875% 04/15/2040$678,020
VALEANT PHARMACEUTICALS INTERNATIONAL INC 5.375% 03/15/2020$672,725
UNIVISION COMMUNICATIONS INC 5.125% 05/15/2023$669,845
CSC HOLDINGS LLC 6.625% 10/15/2025$664,138
ZF NORTH AMERICA CAPITAL INC 4.5% 04/29/2022$663,281
1011778 BC ULC / NEW RED FINANCE INC 6% 04/01/2022$660,713
GOODYEAR TIRE & RUBBER CO/THE 7% 05/15/2022$656,513
IASIS HEALTHCARE LLC / IASIS CAPITAL CORP 8.375% 05/15/2019$656,100
BEVERAGES & MORE INC 10% 11/15/2018$653,625
LAREDO PETROLEUM INC 5.625% 01/15/2022$653,300
IMS HEALTH INC 4.125% 04/01/2023$649,784
AES CORP/VA 5.5% 04/15/2025$649,177
VUE INTERNATIONAL BIDCO PLC 7.875% 07/15/2020$647,669
SANCHEZ ENERGY CORP 7.75% 06/15/2021$647,500
CLIFFS NATURAL RESOURCES INC 8.25% 03/31/2020$647,288
BERRY PETROLEUM CO LLC 6.375% 09/15/2022$646,800
T-MOBILE USA INC 6% 04/15/2024$640,500
VEREIT OPERATING PARTNERSHIP LP 4.6% 02/06/2024$639,788
LIFEPOINT HEALTH INC 5.375% 05/01/2024$637,825
HOMEVI SAS 6.875% 08/15/2021$635,982
SPRINT COMMUNICATIONS INC 7% 08/15/2020$633,600
SOUTHWESTERN ENERGY CO 6.7% 01/23/2025$629,825
UNIVISION COMMUNICATIONS INC 5.125% 02/15/2025$629,250
JBS USA LUX SA / JBS USA FINANCE INC 7.25% 06/01/2021$629,200
CNO FINANCIAL GROUP INC 5.25% 05/30/2025$628,425
TRIONISTA TOPCO GMBH 6.875% 04/30/2021$626,246
BANK OF AMERICA CORP 6.5% 10/23/2024$622,070
UNIVISION COMMUNICATIONS INC 6.75% 09/15/2022$622,033
ENERGIZER HOLDINGS INC 5.5% 06/15/2025$621,775
CSMC SERIES 2015-8R 4.5% 06/27/2036$621,645
NETFLIX INC 5.875% 02/15/2025$621,300
SHEA HOMES LP / SHEA HOMES FUNDING CORP 6.125% 04/01/2025$620,675
RANGE RESOURCES CORP 4.875% 05/15/2025$615,950
GROUP 1 AUTOMOTIVE INC 5.25% 12/15/2023$610,500
HUDBAY MINERALS INC 9.5% 10/01/2020$609,538
FRONTIER COMMUNICATIONS CORP 11% 09/15/2025$606,900
UNITYMEDIA HESSEN GMBH & CO KG / UNITYMEDIA NRW GMBH 5.625% 04/15/2023$598,078
XPO LOGISTICS INC 6.5% 06/15/2022$594,938
CENTENE CORP 6.125% 02/15/2024$584,488
VWR FUNDING INC 4.625% 04/15/2022$583,659
RED OAK POWER LLC 9.2% 11/30/2029$582,400
T-MOBILE USA INC 6.5% 01/15/2026$582,006
TMS INTERNATIONAL CORP 7.625% 10/15/2021$577,875
CHESAPEAKE ENERGY CORP 4.875% 04/15/2022$577,500
GUITAR CENTER INC 9.625% 04/15/2020$577,200
TPF II/EASTERN POWER/TENASKA 5.5% 09/30/2016$576,326
DAVITA HEALTHCARE PARTNERS INC 5% 05/01/2025$574,040
TESORO LOGISTICS LP / TESORO LOGISTICS FINANCE CORP 5.5% 10/15/2019$572,450
ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSON'S INC / ALBERTSON'S LLC 6.625% 06/15/2024$570,333
PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC 9.25% 05/15/2023$567,450
SPECTRUM BRANDS INC 5.75% 07/15/2025$566,150
LAMAR MEDIA CORP 5.75% 02/01/2026$564,200
MGM RESORTS INTERNATIONAL 6.625% 12/15/2021$563,750
LEVI STRAUSS & CO 5% 05/01/2025$562,950
L BRANDS INC 6.875% 11/01/2035$559,725
ROCKIES EXPRESS PIPELINE LLC 5.625% 04/15/2020$557,163
GOODYEAR TIRE & RUBBER CO/THE 5.125% 11/15/2023$556,500
FRONTIER COMMUNICATIONS CORP 7.125% 01/15/2023$554,288
GIBSON BRANDS INC 8.875% 08/01/2018$553,800
SERVICE CORP INTERNATIONAL/US 5.375% 05/15/2024$549,525
HOLDING MEDI-PARTENAIRES SAS 7% 05/15/2020$547,570
HEALTHSOUTH CORP 5.75% 11/01/2024$547,050
TENET HEALTHCARE CORP 4.75% 06/01/2020$545,900
ANGLO AMERICAN CAPITAL PLC 4.875% 05/14/2025$544,050
GOLDMAN SACHS GROUP INC/THE 5.15% 05/22/2045$541,573
DYNEGY INC 6.75% 11/01/2019$540,750
ROSE ROCK MIDSTREAM LP / ROSE ROCK FINANCE CORP 5.625% 11/15/2023$539,850
GFL ENVIRONMENTAL INC 9.875% 02/01/2021$536,550
ALLIANCE ONE INTERNATIONAL INC 9.875% 07/15/2021$536,250
DENBURY RESOURCES INC 5.5% 05/01/2022$534,750
ZF NORTH AMERICA CAPITAL INC 4.75% 04/29/2025$532,500
WILLIAM CARTER CO/THE 5.25% 08/15/2021$529,375
WILLIAM LYON HOMES INC 8.5% 11/15/2020$528,750
STEEL DYNAMICS INC 5.125% 10/01/2021$527,725
CSC HOLDINGS LLC 5.25% 06/01/2024$526,835
CALPINE CORP 5.5% 02/01/2024$526,313
HCA INC 5.25% 06/15/2026$524,913
KLOECKNER PENTAPLAST OF AMERICA INC 7.125% 11/01/2020$523,102
CENTENE CORP 4.75% 05/15/2022$521,875
LEVEL 3 FINANCING INC 6.125% 01/15/2021$519,375
VISTA OUTDOOR INC 5.875% 10/01/2023$518,175
TAYLOR MORRISON COMMUNITIES INC / MONARCH COMMUNITIES INC 5.25% 04/15/2021$516,250
CARROLS RESTAURANT GROUP INC 8% 05/01/2022$513,475
WPX ENERGY INC 8.25% 08/01/2023$512,050
LEVEL 3 FINANCING INC 5.125% 05/01/2023$510,825
T-MOBILE USA INC 6.464% 04/28/2019$510,625
NCL CORP LTD 5.25% 11/15/2019$510,625
MURRAY ENERGY CORP 11.25% 04/15/2021$507,300
OPE KAG FINANCE SUB INC 7.875% 07/31/2023$506,150
MDC PARTNERS INC 6.5% 05/01/2024$506,150
CALUMET SPECIALTY PRODUCTS PARTNERS LP / CALUMET FINANCE CORP 11.5% 01/15/2021$504,900
ANTERO RESOURCES CORP 5.625% 06/01/2023$503,750
INOVYN FINANCE PLC 6.25% 05/15/2021$503,150
KENNEDY-WILSON INC 5.875% 04/01/2024$501,806
STANDARD INDUSTRIES INC/NJ 5.5% 02/15/2023$501,138
SALLY HOLDINGS LLC / SALLY CAPITAL INC 5.625% 12/01/2025$500,480
CALATLANTIC GROUP INC 5.25% 06/01/2026$498,575
UNITED RENTALS NORTH AMERICA INC 5.5% 07/15/2025$496,800
WILLIAMS COS INC/THE 5.75% 06/24/2044$495,600
TEINE ENERGY LTD 6.875% 09/30/2022$493,675
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.324% 03/25/2037$493,614
MPLX LP 4.875% 12/01/2024$491,834
FIDELITY & GUARANTY LIFE HOLDINGS INC 6.375% 04/01/2021$491,225
DENBURY RESOURCES INC 9% 05/15/2021$490,438
PLANTRONICS INC 5.5% 05/31/2023$489,975
GREYSTAR REAL ESTATE PARTNERS LLC 8.25% 12/01/2022$489,900
WESCO DISTRIBUTION INC 5.375% 12/15/2021$487,625
ANGLO AMERICAN CAPITAL PLC 3.625% 05/14/2020$487,550
MATTERHORN TELECOM SA 3.875% 05/01/2022$481,605
HUNTINGTON INGALLS INDUSTRIES INC 5% 12/15/2021$480,594
BLUESCOPE STEEL FINANCE LTD/BLUESCOPE STEEL FINANCE USA LLC 6.5% 05/15/2021$480,375
ABN AMRO BANK NV 4.75% 07/28/2025$477,696
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$476,004
VALVOLINE INC 5.5% 07/15/2024$473,400
TMX FINANCE LLC / TITLEMAX FINANCE CORP 8.5% 09/15/2018$473,250
EAGLE SPINCO INC 4.625% 02/15/2021$473,063
RSP PERMIAN INC 6.625% 10/01/2022$470,250
MGM RESORTS INTERNATIONAL 4.625% 09/01/2026$467,650
ENDO FINANCE LLC 5.75% 01/15/2022$463,753
GRIFOLS WORLDWIDE OPERATIONS LTD 5.25% 04/01/2022$462,000
ACTIVISION BLIZZARD INC 5.625% 09/15/2021$460,350
LMI AEROSPACE INC 7.375% 07/15/2019$460,125
NRG ENERGY INC 7.25% 05/15/2026$459,140
PULTEGROUP INC 5.5% 03/01/2026$456,875
CHOCTAW RESORT DEVELOPMENT ENTERPRISE 7.25% 11/15/2019$455,558
CAROLINA BEVERAGE GROUP LLC / CAROLINA BEVERAGE GROUP FINANCE INC 10.625% 08/01/2018$453,250
NELNET STUDENT LOAN TRUST 2008-3 2.475% 11/25/2024$453,133
ANGLO AMERICAN CAPITAL PLC 3.5% 03/28/2022$453,016
ECO SERVICES OPERATIONS LLC / ECO FINANCE CORP 8.5% 11/01/2022$447,200
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 01/15/2022$447,163
COTT CORP CALLABLE MEDIUM TERM NOTE FIXED 5.5% 07/01/2024 EUR 1000$445,837
BLUE RACER MIDSTREAM LLC / BLUE RACER FINANCE CORP 6.125% 11/15/2022$445,050
VIRGIN MEDIA FINANCE PLC 4.875% 02/15/2022$445,000
LIFEPOINT HEALTH INC 5.5% 12/01/2021$439,950
AXALTA COATING SYSTEMS LLC 4.875% 08/15/2024$438,900
PRIDE INTERNATIONAL INC 7.875% 08/15/2040$438,075
ALLY FINANCIAL INC 5.125% 09/30/2024$428,822
FIRST DATA CORP 5.75% 01/15/2024$426,413
PRECISION DRILLING CORP 6.5% 12/15/2021$419,625
ROYAL BANK OF SCOTLAND GROUP PLC 8.625% 08/15/2021$418,713
VIACOM INC 4.375% 03/15/2043$418,241
FMG RESOURCES AUGUST 2006 PTY LTD 9.75% 03/01/2022$417,600
IMMUCOR INC 11.125% 08/15/2019$415,800
SPEEDWAY MOTORSPORTS INC 5.125% 02/01/2023$415,000
VIKING CRUISES LTD 6.25% 05/15/2025$413,400
BWAY HOLDING CO 9.125% 08/15/2021$411,000
CENGAGE LEARNING INC 9.5% 06/15/2024$411,000
CALIFORNIA RESOURCES TL1 11.375% 12/31/2021$409,500
CREDIT AGRICOLE SA 8.125% 12/23/2025$409,389
CHENIERE CORPUS CHRISTI HOLDINGS LLC 7% 06/30/2024$408,500
AMERICAN AXLE & MANUFACTURING INC 6.625% 10/15/2022$407,075
GENERAL MOTORS CO 5.2% 04/01/2045$406,138
HSBC HOLDINGS PLC 6.375% 09/17/2024$405,900
SLM STUDENT LOAN TRUST 2008-5 2.414% 07/25/2023$403,959
FLORIDA EAST COAST HOLDINGS CORP 6.75% 05/01/2019$403,650
BOPARAN FINANCE PLC 5.5% 07/15/2021$403,442
CIT GROUP INC 5.5% 02/15/2019$403,275
ANTERO RESOURCES CORP 5.375% 11/01/2021$402,500
NRG REMA LLC 9.681% 07/02/2026$400,625
MASTR ASSET BACKED SECURITIES TRUST 2006-FRE1 0.814% 12/25/2035$399,947
RICE ENERGY INC 7.25% 05/01/2023$399,000
GEO GROUP INC/THE 5.875% 10/15/2024$398,200
PANDA TEMPLE POWER TERM LOAN 03/15 7.25% 09/30/2016$397,716
OASIS PETROLEUM INC 6.875% 03/15/2022$397,375
CGG SA 6.5% 06/01/2021$396,000
CROWNROCK LP / CROWNROCK FINANCE INC 7.75% 02/15/2023$394,975
VALEANT PHARMACEUTICALS INTERNATIONAL 6.375% 10/15/2020$393,600
SIG COMBIBLOC HOLDINGS SCA 7.75% 02/15/2023$391,607
TENNECO INC 5.375% 12/15/2024$390,550
HSBC HOLDINGS PLC 6.375% 03/30/2025$390,000
KINETIC CONCEPTS INC / KCI USA INC 7.875% 02/15/2021$389,700
VALEANT PHARMACEUTICALS INTERNATIONAL INC 5.875% 05/15/2023$389,400
BHP BILLITON FINANCE USA LTD 6.75% 10/19/2075$388,875
TREEHOUSE FOODS INC 6% 02/15/2024$387,838
COEUR MINING INC 7.875% 02/01/2021$387,075
ADIENT GLOBAL HOLDINGS LTD 4.875% 08/15/2026$386,175
GAMESTOP CORP 6.75% 03/15/2021$385,700
LINN ENERGY LLC / LINN ENERGY FINANCE CORP 12% 12/15/2020$384,105
MOTO FINANCE PLC 6.375% 09/01/2020$379,521
TECK RESOURCES LTD 8% 06/01/2021$378,656
FREEPORT-MCMORAN INC 3.55% 03/01/2022$377,325
AUSDRILL FINANCE PTY LTD 6.875% 11/01/2019$377,150
GREATBATCH LTD 9.125% 11/01/2023$370,463
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 6.484% 10/23/2045$370,015
LANTHEUS MEDICAL IMAGING TL B 7% 09/30/2016$369,691
WINDSTREAM SERVICES LLC 7.75% 10/15/2020$369,000
TULLOW OIL PLC 6.25% 04/15/2022$367,625
OI BRASIL HOLDINGS COOPERATIEF UA 5.75% 02/10/2022$367,500
DISH NETWORK CORP 3.375% 08/15/2026$366,844
TIME WARNER CABLE INC 7.3% 07/01/2038$364,787
ENDEAVOR ENERGY RESOURCES LP / EER FINANCE INC 7% 08/15/2021$362,700
MGM GROWTH PROPERTIES OPERATING PARTNERSHIP LP / MGP FINANCE CO-ISSUER INC 4.5% 09/01/2026$361,575
COVERIS HOLDINGS SA 7.875% 11/01/2019$358,750
TEMPUR SEALY INTERNATIONAL INC 5.625% 10/15/2023$358,275
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT MIDSTREAM FINANCE CORP 7.5% 07/01/2021$357,000
EAGLE MATERIALS INC 4.5% 08/01/2026$356,754
INTERNATIONAL WIRE GROUP INC 10.75% 08/01/2021$355,663
NOVELIS CORP 6.25% 08/15/2024$355,300
FRESENIUS MEDICAL CARE US FINANCE II INC 5.875% 01/31/2022$354,175
HERCULES OFFSH TL IL EXIT (FOR 10.5% 09/30/2016$351,867
L BRANDS INC 6.95% 03/01/2033$350,625
GENWORTH HOLDINGS INC 7.7% 06/15/2020$348,250
KRAFT HEINZ FOODS CO 7.125% 08/01/2039$347,652
HCA INC 5.875% 05/01/2023$346,125
ALCOA INC 5.95% 02/01/2037$344,995
IHEARTCOMMUNICATIONS INC 12% 02/01/2021$343,455
USG CORP 5.5% 03/01/2025$342,956
LANDRY'S INC 9.375% 05/01/2020$342,469
T-MOBILE USA INC 6% 03/01/2023$340,413
CARRIZO OIL & GAS INC 7.5% 09/15/2020$339,900
DS SERVICES OF AMERICA INC 10% 09/01/2021$338,250
GAMESTOP CORP 5.5% 10/01/2019$337,425
EP ENERGY LLC / EVEREST ACQUISITION FINANCE INC 6.375% 06/15/2023$337,025
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 5.25% 05/01/2023$336,600
PSPC ESCROW CORP 6% 02/01/2023$334,663
PSPC ESCROW CORP 6% 02/01/2023$334,663
HCA INC 5.25% 04/15/2025$332,863
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT MIDSTREAM FINANCE CORP 5.5% 08/15/2022$332,063
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.45% 06/15/2023$330,976
DOWNSTREAM DEVELOPMENT AUTHORITY OF THE QUAPAW TRIBE OF OKLAHOMA 10.5% 07/01/2019$330,400
GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP 6% 05/15/2023$330,000
ADT CORP/THE 6.25% 10/15/2021$330,000
CONTINENTAL RESOURCES INC/OK 4.9% 06/01/2044$327,600
VIRGIN MEDIA FINANCE PLC 6% 10/15/2024$324,338
CONCHO RESOURCES INC 6.5% 01/15/2022$323,950
ENSCO PLC 5.75% 10/01/2044$322,400
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.625% 05/20/2024$321,750
FRONTIER COMMUNICATIONS CORP 10.5% 09/15/2022$316,644
INTERFACE SECURITY SYSTEMS HOLDINGS INC / INTERFACE SECURITY SYSTEMS LLC 9.25% 01/15/2018$315,813
WHITING PETROLEUM CORP 5.75% 03/15/2021$315,438
COOPERATIEVE RABOBANK UA 5.25% 08/04/2045$315,279
WALTER INVESTMENT MANAGEMENT CORP 7.875% 12/15/2021$313,750
XPO LOGISTICS INC 6.125% 09/01/2023$309,000
SHEA HOMES LP / SHEA HOMES FUNDING CORP 5.875% 04/01/2023$307,500
AMAG PHARMACEUTICALS INC 7.875% 09/01/2023$306,513
NCL CORP LTD 4.625% 11/15/2020$304,767
STANDARD INDUSTRIES INC/NJ 5.125% 02/15/2021$302,456
TRONOX FINANCE LLC 7.5% 03/15/2022$302,338
STEEL DYNAMICS INC 5.5% 10/01/2024$301,388
FREEPORT-MCMORAN INC 3.1% 03/15/2020$296,000
ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 7.625% 04/22/2046$294,450
TECK RESOURCES LTD 3% 03/01/2019$292,500
CENTRAL GARDEN & PET CO 6.125% 11/15/2023$291,263
CHESAPEAKE ENERGY TL L+750 8.5% 08/16/2021$289,684
LEVEL 3 FINANCING INC 5.375% 08/15/2022$288,448
NELNET STUDENT LOAN TRUST 2005-4 0.826% 03/22/2032$287,836
TRIBUNE MEDIA CO 5.875% 07/15/2022$287,700
US AIRWAYS 2012-2 CLASS B PASS THROUGH TRUST 6.75% 12/03/2022$286,744
CELANESE US HOLDINGS LLC 4.625% 11/15/2022$284,700
SOUTHWESTERN ENERGY CO 4.1% 03/15/2022$283,650
QEP RESOURCES INC 6.875% 03/01/2021$283,635
KRAFT HEINZ FOODS CO 4.875% 02/15/2025$283,513
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 7.125% 06/15/2024$282,007
ARCELORMITTAL 6.125% 06/01/2025$280,800
REYNOLDS GROUP ISSUER INC / REYNOLDS GROUP ISSUER LLC / REYNOLDS GROUP ISSUER LU 9.875% 08/15/2019$278,100
RICE ENERGY INC 6.25% 05/01/2022$278,100
TELENET FINANCE V LUXEMBOURG SCA 6.25% 08/15/2022$276,760
VALEANT PHARMACEUTICALS INTERNATIONAL INC 7.5% 07/15/2021$276,237
GREEKTOWN HOLDINGS LLC/GREEKTOWN MOTHERSHIP CORP 8.875% 03/15/2019$275,600
BNP PARIBAS SA 7.375% 08/19/2025$275,063
MATCH GROUP INC 6.375% 06/01/2024$273,125
EP ENERGY LLC / EVEREST ACQUISITION FINANCE INC 9.375% 05/01/2020$273,000
CLOUD PEAK ENERGY RESOURCES LLC / CLOUD PEAK ENERGY FINANCE CORP 6.375% 03/15/2024$272,950
ARCELORMITTAL 6.5% 03/01/2021$272,500
US CONCRETE INC 6.375% 06/01/2024$271,700
CORRECTIONS CORP OF AMERICA 5% 10/15/2022$270,425
BARCLAYS BANK PLC 7.625% 11/21/2022$269,970
FRESENIUS MEDICAL CARE US FINANCE II INC 4.75% 10/15/2024$268,750
GUITAR CENTER INC 6.5% 04/15/2019$268,500
BARCLAYS PLC 8.25% 12/17/2018$267,278
HARDWOODS ACQUISITION INC 7.5% 08/01/2021$264,100
CTP TRANSPORTATION PRODUCTS LLC / CTP FINANCE INC 8.25% 12/15/2019$263,500
NEW COTAI LLC / NEW COTAI CAPITAL CORP 10.625% 05/01/2019$262,949
CONSTELLATION BRANDS INC 4.75% 12/01/2025$262,350
MICHAEL BAKER INTERNATIONAL LLC / CDL ACQUISITION CO INC 8.25% 10/15/2018$261,950
MONITRONICS INTERNATIONAL INC 9.125% 04/01/2020$260,400
ROCKIES EXPRESS PIPELINE LLC 7.5% 07/15/2038$260,000
NAVIENT CORP 6.625% 07/26/2021$258,438
AMC ENTERTAINMENT INC 5.75% 06/15/2025$257,520
JACK COOPER HOLDINGS CORP 9.25% 06/01/2020$257,250
LAMAR MEDIA CORP 5% 05/01/2023$255,000
LANDRY'S HOLDINGS II INC 10.25% 01/01/2018$255,000
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 5.875% 04/01/2024$253,800
NGPL PIPECO LLC 7.119% 12/15/2017$251,700
ALLY FINANCIAL INC 8% 11/01/2031$251,500
RANGE RESOURCES CORP 5% 03/15/2023$248,125
ALLY FINANCIAL INC 4.625% 05/19/2022$247,338
TENET HEALTHCARE CORP 4.375% 10/01/2021$247,068
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 7.25% 05/15/2024$245,813
SM ENERGY CO 5.625% 06/01/2025$244,400
ALTICE FINCO SA 7.625% 02/15/2025$243,900
SABINE PASS LIQUEFACTION LLC 5.875% 06/30/2026$241,594
MODULAR SPACE CORP 10.25% 01/31/2019$239,040
CSC HOLDINGS LLC 10.875% 10/15/2025$235,000
UNITYMEDIA HESSEN GMBH & CO KG / UNITYMEDIA NRW GMBH 5.75% 01/15/2023$233,920
CNO FINANCIAL GROUP INC 4.5% 05/30/2020$233,450
BARMINCO FINANCE PTY LTD 9% 06/01/2018$232,750
PETROBRAS GLOBAL FINANCE BV 6.85% 06/05/2115$226,463
BOPARAN FINANCE PLC 4.375% 07/15/2021$221,704
CARMIKE CINEMAS INC 6% 06/15/2023$221,550
CEC ENTERTAINMENT INC 8% 02/15/2022$221,100
COMMUNICATIONS SALES & LEASING INC / CSL CAPITAL LLC 8.25% 10/15/2023$219,975
ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 6.875% 04/22/2021$217,400
MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC 4.875% 04/15/2020$215,775
TOLL BROTHERS FINANCE CORP 6.75% 11/01/2019$215,175
WILLIAMS COS INC/THE 3.7% 01/15/2023$214,500
LAREDO PETROLEUM INC 7.375% 05/01/2022$213,150
ALTICE FINANCING SA 7.5% 05/15/2026$211,000
AMERICAN AXLE & MANUFACTURING INC 6.25% 03/15/2021$209,500
VIRGIN MEDIA SECURED FINANCE PLC 5.5% 08/15/2026$209,500
RANGE RESOURCES CORP 5% 08/15/2022$208,950
FREEPORT-MCMORAN INC 5.45% 03/15/2043$207,900
ANGLO AMERICAN CAPITAL PLC 4.125% 09/27/2022$206,325
NAVIENT CORP 5.875% 03/25/2021$203,500
SBA COMMUNICATIONS CORP 4.875% 09/01/2024$203,250
CARE CAPITAL PROPERTIES LP 5.125% 08/15/2026$202,296
SFR GROUP SA 6.25% 05/15/2024$202,250
HCA INC 4.5% 02/15/2027$202,250
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 5.375% 05/01/2025$200,688
SPRINT COMMUNICATIONS INC 6% 11/15/2022$200,200
ALTICE LUXEMBOURG SA 6.25% 02/15/2025$199,006
PACIFIC DRILLING V LTD 7.25% 12/01/2017$197,500
NAVIENT CORP 5.5% 01/15/2019$195,700
PQ CORP 6.75% 11/15/2022$191,250
ALTICE FINANCING SA 5.25% 02/15/2023$189,073
GRAY TELEVISION INC 5.875% 07/15/2026$188,100
PANDA TEMPLE POWER II ADVANCE 7.25% 09/30/2016$185,534
VALEANT PHARMACEUTICALS INTERNATIONAL INC 5.5% 03/01/2023$184,275
SPRINT COMMUNICATIONS INC 11.5% 11/15/2021$180,800
GLOBE LUXEMBOURG SCA 9.625% 05/01/2018$178,000
NEOVIA LOGISTICS INTERMEDIATE HOLDINGS LLC / LOGISTICS INTERMEDIATE FINANCE CORP 10% 02/15/2018$177,030
PORTAVENTURA ENTERTAINMENT BARCELONA BV 7.25% 12/01/2020$175,296
LIFEPOINT HEALTH INC 5.875% 12/01/2023$174,075
POST HOLDINGS INC 7.75% 03/15/2024$173,019
FREEPORT-MCMORAN INC 3.875% 03/15/2023$172,500
GENWORTH HOLDINGS INC 4.9% 08/15/2023$172,200
PARSLEY ENERGY LLC / PARSLEY FINANCE CORP 7.5% 02/15/2022$169,600
HUGHES SATELLITE SYSTEMS CORP 5.25% 08/01/2026$169,063
NWH ESCROW CORP 7.5% 08/01/2021$168,750
GOODYEAR TIRE & RUBBER CO/THE 5% 05/31/2026$167,899
FRONTIER COMMUNICATIONS CORP 6.875% 01/15/2025$166,731
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-SG1 4.62% 12/15/2047$166,467
COMM 2015-LC21 MORTGAGE TRUST 3.25% 07/10/2048$164,334
WESCO DISTRIBUTION INC 5.375% 06/15/2024$164,000
SEALED AIR CORP 4.5% 09/15/2023$162,112
AERCAP IRELAND CAPITAL LTD / AERCAP GLOBAL AVIATION TRUST 5% 10/01/2021$162,000
MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP 5.25% 08/01/2026$159,750
HUGHES SATELLITE SYSTEMS CORP 6.625% 08/01/2026$159,200
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C31 4.272% 08/15/2048$159,097
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C28 3% 05/15/2048$158,810
HANESBRANDS INC 4.625% 05/15/2024$157,688
TAYLOR MORRISON COMMUNITIES INC / MONARCH COMMUNITIES INC 5.875% 04/15/2023$157,500
CHESAPEAKE ENERGY CORP 5.75% 03/15/2023$154,375
HOLLY ENERGY PARTNERS LP / HOLLY ENERGY FINANCE CORP 6% 08/01/2024$153,750
CONSTELLATION BRANDS INC 4.75% 11/15/2024$153,300
RENT-A-CENTER INC/TX 4.75% 05/01/2021$153,000
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL & GAS INC 6.75% 02/01/2022$150,750
MATTERHORN TELECOM SA 3.625% 05/01/2022$149,825
COMMUNICATIONS SALES & LEASING INC / CSL CAPITAL LLC 6% 04/15/2023$145,950
CONCHO RESOURCES INC 5.5% 04/01/2023$145,250
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL & GAS INC 6.125% 06/15/2019$142,100
NGPL PIPECO LLC 7.768% 12/15/2037$140,238
CIT GROUP INC 5% 08/01/2023$138,125
HANESBRANDS INC 4.875% 05/15/2026$136,500
COMPILER FINANCE SUB INC 7% 05/01/2021$136,300
GENERAL MOTORS CO 6.6% 04/01/2036$136,045
UNITED RENTALS NORTH AMERICA INC 5.875% 09/15/2026$135,850
R&R ICE CREAM PLC 5.5% 05/15/2020$135,419
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C31 4.772% 08/15/2048$134,651
SABINE PASS LIQUEFACTION LLC 5.625% 03/01/2025$132,656
ENDO FINANCE LLC / ENDO FINCO INC 5.875% 01/15/2023$131,950
SPRINT CAPITAL CORP 8.75% 03/15/2032$129,675
MEG ENERGY CORP 7% 03/31/2024$129,600
GRAPHIC PACKAGING INTERNATIONAL INC 4.875% 11/15/2022$126,750
MEG ENERGY CORP 6.5% 03/15/2021$123,750
NCR CORP 6.375% 12/15/2023$122,188
VALEANT PHARMACEUTICALS INTERNATIONAL 7% 10/01/2020$117,600
WPX ENERGY INC 6% 01/15/2022$117,300
CARRIZO OIL & GAS INC 6.25% 04/15/2023$114,138
ANGLO AMERICAN CAPITAL PLC 3.25% 04/03/2023$110,658
ANGLO AMERICAN CAPITAL PLC 1.5% 04/01/2020$109,216
EV ENERGY PARTNERS LP / EV ENERGY FINANCE CORP 8% 04/15/2019$106,250
LEVEL 3 FINANCING INC 5.625% 02/01/2023$105,125
CGG SA 6.875% 01/15/2022$99,000
WHITING PETROLEUM CORP 6.25% 04/01/2023$96,800
MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC 5.625% 10/15/2023$95,831
BERRY PETROLEUM CO LLC 6.75% 11/01/2020$94,500
MALLINCKRODT INTERNATIONAL FINANCE SA 4.75% 04/15/2023$93,313
GARDA WORLD SECURITY CORP 7.25% 11/15/2021$91,750
CASCADES INC 5.75% 07/15/2023$91,485
ADT CORP/THE 4.125% 06/15/2023$88,650
MEG ENERGY CORP 6.375% 01/30/2023$86,350
NGPL PIPECO LLC 9.625% 06/01/2019$84,400
SM ENERGY CO 5% 01/15/2024$82,688
CORRECTIONS CORP OF AMERICA 4.625% 05/01/2023$80,550
ENSCO PLC 4.7% 03/15/2021$77,895
ADT CORP/THE 3.5% 07/15/2022$77,000
LAREDO PETROLEUM INC 6.25% 03/15/2023$76,600
CONTINENTAL RESOURCES INC/OK 4.5% 04/15/2023$75,800
COMMSCOPE INC 4.375% 06/15/2020$72,625
ENSCO PLC 5.2% 03/15/2025$72,250
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$70,438
GENERAL MOTORS CO 6.75% 04/01/2046$64,407
CIT GROUP INC 5.375% 05/15/2020$64,275
ALCOA INC 5.125% 10/01/2024$63,600
TESORO LOGISTICS LP / TESORO LOGISTICS FINANCE CORP 6.125% 10/15/2021$62,963
AES CORP/VA 5.5% 03/15/2024$62,550
ACADIA HEALTHCARE CO INC 5.625% 02/15/2023$61,350
CALIFORNIA RESOURCES CORP 8% 12/15/2022$61,200
TENET HEALTHCARE CORP 4.5% 04/01/2021$60,870
MICRON TECHNOLOGY INC 5.5% 02/01/2025$58,425
CORRECTIONS CORP OF AMERICA 4.125% 04/01/2020$57,750
VALEANT PHARMACEUTICALS INTERNATIONAL 7.25% 07/15/2022$57,300
VIKING CRUISES LTD 8.5% 10/15/2022$53,100
LEVEL 3 FINANCING INC 5.375% 01/15/2024$52,563
EP ENERGY LLC / EVEREST ACQUISITION FINANCE INC 7.75% 09/01/2022$49,725
MICRON TECHNOLOGY INC 5.25% 08/01/2023$48,625
TECHNIPLAS LLC 10% 05/01/2020$42,000
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENERGY PARTNERS FINANCE CORP 7.375% 02/01/2020$41,513
NEWFIELD EXPLORATION CO 5.625% 07/01/2024$41,500
INTERNATIONAL LEASE FINANCE CORP 8.625% 01/15/2022$37,388
DISH DBS CORP 6.75% 06/01/2021$32,306
OPEN TEXT CORP 5.875% 06/01/2026$31,496
AXIALL CORP 4.875% 05/15/2023$21,050
GEO GROUP INC/THE 5.125% 04/01/2023$17,950
CALIFORNIA RESOURCES CORP 5.5% 09/15/2021$16,120
ANCESTRY.COM INC 11% 12/15/2020$10,775
CHESAPEAKE ENERGY CORP 5.375% 06/15/2021$7,950
ANTERO RESOURCES CORP 5.125% 12/01/2022$4,963
MAGNUM HUNTER RESOURCES CORP 9.75% 05/15/2020$0
ESC SEVENTYSEVENENERG 6.5% 07/15/2022 JJ22$0
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$8,643,916
 
Other
Holding NameMarket Value
USD$815,950
EURO$364,300
USD$186,271
CURRENCY CONTRACT$109,531
CURRENCY CONTRACT$52,871
BRITISH POUND$12,394
US 2YR NOTE (CBT) BOND DEC16 (TUZ6) COMDTY$7,262
CURRENCY CONTRACT$3,055
SWISS FRANC$2,756
CURRENCY CONTRACT$2,623
SEVENTY SEVEN ENERGY INC$0
CURRENCY CONTRACT$-28
CURRENCY CONTRACT$-81
US 5YR NOTE (CBT) BOND DEC16 (FVZ6) COMDTY$-28,404
All Holdings As of Jul 31, 2016
Equity
Holding NameMarket Value
GMAC CAPITAL TRUST I$1,140,723
MAGNUM HUNTER RESOURCES CORP$841,815
ALLERGAN PLC$451,755
HERCULES OFFSHORE INC$15,056
 
Fixed Income
Holding NameMarket Value
SPRINT CORP 7.25% 09/15/2021$5,201,931
NAVIENT CORP 4.875% 06/17/2019$2,664,838
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.238% 10/25/2024$2,636,762
HCA INC 5.375% 02/01/2025$2,592,178
FIRST DATA CORP 7% 12/01/2023$2,395,400
CIT GROUP INC 5% 08/15/2022$2,146,925
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 4.5% 05/15/2021$2,142,500
DISH DBS CORP 5.875% 07/15/2022$1,928,619
CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022$1,838,125
FLEXI-VAN LEASING INC 7.875% 08/15/2018$1,802,550
MIRAN MID-ATLANTIC SERIES C PASS THROUGH 10.06% 12/30/2028$1,795,137
UNITED RENTALS NORTH AMERICA INC 6.125% 06/15/2023$1,777,669
SPRINT CAPITAL CORP 6.9% 05/01/2019$1,739,063
NOVELIS INC 8.75% 12/15/2020$1,735,846
PRESTIGE BRANDS INC 5.375% 12/15/2021$1,698,444
WMG ACQUISITION CORP 5.625% 04/15/2022$1,677,581
DOLLAR TREE INC 5.75% 03/01/2023$1,665,475
SFR GROUP SA 7.375% 05/01/2026$1,610,000
STANDARD INDUSTRIES INC/NJ 6% 10/15/2025$1,604,063
T-MOBILE USA INC 6.633% 04/28/2021$1,582,500
INTELSAT JACKSON HOLDINGS SA 7.5% 04/01/2021$1,512,225
MORGAN STANLEY RESECURITIZATION TRUST 20 .743% 07/26/2045$1,502,195
PACTIV LLC 8.375% 04/15/2027$1,462,500
CLEAN HARBORS INC 5.25% 08/01/2020$1,448,775
CHESAPEAKE ENERGY CORP 3.93% 04/15/2019$1,443,750
SUMMIT MATERIALS LLC / SUMMIT MATERIALS 6.125% 07/15/2023$1,442,813
INTELSAT JACKSON HOLDINGS SA 8% 02/15/2024$1,425,600
NOMURA RESECURITIZATION TRUST 2015-6R .68% 05/26/2046$1,406,699
IRON MOUNTAIN EUROPE PLC 6.125% 09/15/2022$1,405,295
SUBURBAN PROPANE PARTNERS LP/SUBURBAN EN 5.5% 06/01/2024$1,385,313
TENET HEALTHCARE CORP 6.75% 06/15/2023$1,381,738
ASHTEAD CAPITAL INC 6.5% 07/15/2022$1,378,000
CHARTER COMMUNICATIONS OPERATING LLC / C 4.908% 07/23/2025$1,360,547
EXTRACTION OIL & GAS HOLDINGS LLC / EXTR 7.875% 07/15/2021$1,343,350
AMERIGAS FINANCE LLC / AMERIGAS FINANCE 7% 05/20/2022$1,334,025
NRG ENERGY INC 6.25% 07/15/2022$1,313,000
1011778 BC ULC / NEW RED FINANCE INC 4.625% 01/15/2022$1,307,145
ACADIA HEALTHCARE CO INC 5.125% 07/01/2022$1,306,800
CASCADES INC 5.5% 07/15/2022$1,303,450
ARDAGH FINANCE HOLDINGS SA 8.625% 06/15/2019$1,293,860
REYNOLDS GROUP ISSUER INC / REYNOLDS GRO 7% 07/15/2024$1,291,675
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 4.625% 07/01/2022$1,250,283
VALEANT PHARMACEUTICALS INTERNATIONAL 6.75% 08/15/2021$1,249,963
BALL CORP 4.375% 12/15/2023$1,245,195
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 5% 04/15/2022$1,242,000
FIRST DATA CORP 5% 01/15/2024$1,238,781
UNITED AIRLINES 2013-1 CLASS B PASS THRO 5.375% 02/15/2023$1,234,822
CONVATEC FINANCE INTERNATIONAL SA 8.25% 01/15/2019$1,226,405
DJO FINCO INC / DJO FINANCE LLC / DJO FI 8.125% 06/15/2021$1,226,100
CHURCHILL DOWNS INC 5.375% 12/15/2021$1,205,100
HD SUPPLY INC 5.75% 04/15/2024$1,200,769
R&R PIK PLC 9.25% 05/15/2018$1,194,738
ALTICE FINANCING SA 6.625% 02/15/2023$1,186,643
FIRST QUALITY FINANCE CO INC 4.625% 05/15/2021$1,183,500
ENVISION HEALTHCARE CORP 5.125% 07/01/2022$1,175,875
CONSTELLATION BRANDS INC 6% 05/01/2022$1,160,000
TARGA RESOURCES PARTNERS LP / TARGA RESO 6.75% 03/15/2024$1,157,488
MILACRON LLC / MCRON FINANCE CORP 7.75% 02/15/2021$1,155,225
GEO GROUP INC/THE 6% 04/15/2026$1,136,769
MALLINCKRODT INTERNATIONAL FINANCE SA / 5.75% 08/01/2022$1,129,875
PINNACLE FOODS FINANCE LLC / PINNACLE FO 4.875% 05/01/2021$1,125,688
PILGRIM'S PRIDE CORP 5.75% 03/15/2025$1,119,250
INGLES MARKETS INC 5.75% 06/15/2023$1,094,450
HCA HOLDINGS INC 6.25% 02/15/2021$1,086,250
DAVITA HEALTHCARE PARTNERS INC 5.125% 07/15/2024$1,085,873
SFR GROUP SA 5.625% 05/15/2024$1,073,515
BLUELINE RENTAL FINANCE CORP 7% 02/01/2019$1,073,000
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.638% 03/25/2037$1,072,934
APEX TOOL GROUP LLC 7% 02/01/2021$1,069,463
PARTY CITY HOLDINGS INC 6.125% 08/15/2023$1,068,075
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.625% 12/01/2021$1,060,556
TERRAFORM POWER OPERATING LLC 5.875% 02/01/2023$1,059,188
COVANTA HOLDING CORP 6.375% 10/01/2022$1,058,250
H&E EQUIPMENT SERVICES INC 7% 09/01/2022$1,057,975
HANESBRANDS FINANCE LUXEMBOURG SCA 3.5% 06/15/2024$1,048,963
ESH HOSPITALITY INC 5.25% 05/01/2025$1,045,000
CAPSUGEL SA 7% 05/15/2019$1,043,888
NEIMAN MARCUS GROUP LTD LLC 8.75% 10/15/2021$1,041,450
NCR CORP 5.875% 12/15/2021$1,033,313
OPEN TEXT CORP 5.625% 01/15/2023$1,032,500
CITIGROUP INC 5.95% 05/15/2015$1,030,950
RITE AID CORP 6.125% 04/01/2023$1,022,400
TENET HEALTHCARE CORP 8.125% 04/01/2022$1,016,750
REPERFORMING LOAN REMIC TRUST 2005-R2 8% 06/25/2035$1,011,126
GLP CAPITAL LP / GLP FINANCING II INC 5.375% 04/15/2026$1,009,969
COGENT COMMUNICATIONS GROUP INC 5.375% 03/01/2022$1,009,400
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENE 7.375% 02/01/2020$1,004,625
DBP HOLDING CORP 7.75% 10/15/2020$994,500
KCA DEUTAG UK FINANCE PLC 7.25% 05/15/2021$994,500
NRG YIELD OPERATING LLC 5.375% 08/15/2024$991,538
UNIVERSAL HOSPITAL SERVICES INC 7.625% 08/15/2020$981,750
SBA COMMUNICATIONS CORP 4.875% 07/15/2022$981,263
WORLDPAY FINANCE PLC 3.75% 11/15/2022$976,657
SIMMONS FOODS INC 7.875% 10/01/2021$971,250
DARLING GLOBAL FINANCE BV 4.75% 05/30/2022$962,316
NATURAL RESOURCE PARTNERS LP / NRP FINAN 9.125% 10/01/2018$960,250
HUB INTERNATIONAL LTD 7.875% 10/01/2021$954,750
AMSURG CORP 5.625% 07/15/2022$953,644
SABINE PASS LIQUEFACTION LLC 5.625% 04/15/2023$953,250
CEDAR FAIR LP / CANADA'S WONDERLAND CO / 5.375% 06/01/2024$950,950
HUNTINGTON INGALLS INDUSTRIES INC 5% 12/15/2021$948,375
DH SERVICES LUXEMBOURG SARL 7.75% 12/15/2020$947,250
FIRST QUANTUM MINERALS LTD 7.25% 05/15/2022$927,438
CENTURYLINK INC 5.8% 03/15/2022$923,625
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 6.75% 05/15/2024$917,277
ALLY FINANCIAL INC 7.5% 09/15/2020$914,855
JAGUAR HOLDING CO II / PHARMACEUTICAL PR 6.375% 08/01/2023$914,438
AURIS LUXEMBOURG II SA 8% 01/15/2023$914,133
HCA INC 5.875% 02/15/2026$911,625
ZF NORTH AMERICA CAPITAL INC 4.5% 04/29/2022$911,094
CARLSON TRAVEL HOLDINGS INC 7.5% 08/15/2019$910,800
WINDSTREAM SERVICES LLC 7.5% 04/01/2023$910,000
WEST CORP 5.375% 07/15/2022$908,163
WATCO COS LLC / WATCO FINANCE CORP 6.375% 04/01/2023$904,500
AMERICAN BUILDERS & CONTRACTORS SUPPLY C 5.75% 12/15/2023$902,025
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.875% 02/15/2023$894,700
OASIS PETROLEUM INC 6.875% 01/15/2023$891,475
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 6.02% 06/15/2026$890,826
TEMPUR SEALY INTERNATIONAL INC 5.5% 06/15/2026$882,511
MEDIACOM BROADBAND LLC / MEDIACOM BROADB 5.5% 04/15/2021$878,688
MPT OPERATING PARTNERSHIP LP / MPT FINAN 6.375% 03/01/2024$870,525
CTR PARTNERSHIP LP / CARETRUST CAPITAL C 5.875% 06/01/2021$865,200
VWR FUNDING INC 4.625% 04/15/2022$863,020
SIX FLAGS ENTERTAINMENT CORP 4.875% 07/31/2024$859,275
CENTENE CORP 5.625% 02/15/2021$852,294
BOYD GAMING CORP 6.375% 04/01/2026$851,644
WOODSIDE HOMES CO LLC / WOODSIDE HOMES F 6.75% 12/15/2021$850,500
DENALI INTERNATIONAL LLC / DENALI FINANC 5.625% 10/15/2020$830,527
TECK RESOURCES LTD 8.5% 06/01/2024$828,400
AMERICAN AIRLINES 2013-2 CLASS B PASS TH 5.6% 01/15/2022$822,102
VIRGIN MEDIA FINANCE PLC 7% 04/15/2023$820,671
CENTURYLINK INC 5.625% 04/01/2025$818,402
INTREPID AVIATION GROUP HOLDINGS LLC / I 6.875% 02/15/2019$812,213
POST HOLDINGS INC 5% 08/15/2026$809,494
PLASTIPAK HOLDINGS INC 6.5% 10/01/2021$808,550
QUICKEN LOANS INC 5.75% 05/01/2025$806,963
CAESARS ENTERTAINMENT RESORT PROPERTIES 8% 10/01/2020$801,850
RENT-A-CENTER INC/TX 6.625% 11/15/2020$794,300
IRON MOUNTAIN INC 6% 10/01/2020$793,125
ALTICE LUXEMBOURG SA 7.25% 05/15/2022$783,076
SPECTRUM BRANDS INC 6.625% 11/15/2022$778,363
POST HOLDINGS INC 6% 12/15/2022$778,181
AMERICAN BUILDERS & CONTRACTORS SUPPLY C 5.625% 04/15/2021$778,125
ELDORADO GOLD CORP 6.125% 12/15/2020$775,775
SEALED AIR CORP 4.5% 09/15/2023$775,599
NAVIOS MARITIME ACQUISITION CORP / NAVIO 8.125% 11/15/2021$775,000
ENCORE CREDIT RECEIVABLES TRUST 2005-3 1.523% 10/25/2035$773,344
BRUNSWICK CORP/DE 4.625% 05/15/2021$772,500
PRIME SECURITY SERVICES BORROWER LLC / P 9.25% 05/15/2023$770,400
BIOSCRIP INC 8.875% 02/15/2021$769,825
FAGE INTERNATIONAL SA/ FAGE USA DAIRY IN 5.625% 08/15/2026$767,813
COMMSCOPE INC 5.5% 06/15/2024$756,719
NEUBERGER BERMAN GROUP LLC / NEUBERGER B 5.875% 03/15/2022$752,188
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.75% 02/15/2026$750,825
CBC AMMO LLC / CBC FINCO INC 7.25% 11/15/2021$750,350
MGM GROWTH PROPERTIES OPERATING PARTNERS 5.625% 05/01/2024$746,083
TESORO LOGISTICS LP / TESORO LOGISTICS F 6.375% 05/01/2024$736,269
PHI INC 5.25% 03/15/2019$735,375
CITGO PETROLEUM CORP 6.25% 08/15/2022$732,350
FRONTIER COMMUNICATIONS CORP 7.625% 04/15/2024$728,088
AES TIETE ENERGIA SA 6% 05/15/2026$727,950
REYNOLDS GROUP ISSUER INC / REYNOLDS GRO 5.125% 07/15/2023$727,913
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.125% 05/01/2023$725,375
MURRAY ENERGY CORP TL B2 1L 7.5% 09/30/2016$724,874
WILLIAMS COS INC/THE 7.5% 01/15/2031$723,600
COMMSCOPE INC 5% 06/15/2021$722,800
MPH ACQUISITION HOLDINGS LLC 7.125% 06/01/2024$716,481
OPTION ONE MORTGAGE LOAN TRUST 2005-4 AS .978% 11/25/2035$715,440
NEIMAN MARCUS GROUP LTD LLC 8% 10/15/2021$707,658
CENTURY INTERMEDIATE HOLDING CO 2 9.75% 02/15/2019$705,525
SCIENTIFIC GAMES INTERNATIONAL INC 7% 01/01/2022$705,375
HEALTHSOUTH CORP 5.125% 03/15/2023$701,950
BAYTEX ENERGY CORP 5.125% 06/01/2021$700,900
VEREIT OPERATING PARTNERSHIP LP 4.875% 06/01/2026$700,744
KFC HOLDING CO/PIZZA HUT HOLDINGS LLC/TA 5% 06/01/2024$696,588
ZIGGO BOND FINANCE BV 4.625% 01/15/2025$693,841
SUN PRODUCTS CORP/THE 7.75% 03/15/2021$689,700
ARQIVA BROADCAST FINANCE PLC 9.5% 03/31/2020$689,253
NEW COTAI LLC / NEW COTAI CAPITAL CORP 10.625% 05/01/2019$687,397
JONES ENERGY HOLDINGS LLC / JONES ENERGY 6.75% 04/01/2022$684,600
ZF NORTH AMERICA CAPITAL INC 4.75% 04/29/2025$681,688
SHELF DRILLING HOLDINGS LTD 8.625% 11/01/2018$675,413
GULFPORT ENERGY CORP 6.625% 05/01/2023$673,313
TELECOM ITALIA SPA/MILANO 5.303% 05/30/2024$670,725
DISH DBS CORP 7.75% 07/01/2026$670,397
SFR GROUP SA 6% 05/15/2022$665,550
1011778 BC ULC / NEW RED FINANCE INC 6% 04/01/2022$662,288
GOODYEAR TIRE & RUBBER CO/THE 7% 05/15/2022$661,894
UNIVISION COMMUNICATIONS INC 5.125% 05/15/2023$661,833
ROCKIES EXPRESS PIPELINE LLC 6.875% 04/15/2040$661,320
MDC PARTNERS INC 6.5% 05/01/2024$661,300
NEPTUNE FINCO CORP 6.625% 10/15/2025$658,800
MICHAEL BAKER HOLDINGS LLC / MICAHEL BAK 8.75% 04/15/2019$657,888
CNO FINANCIAL GROUP INC 5.25% 05/30/2025$656,775
BEVERAGES & MORE INC 10% 11/15/2018$655,375
TRONOX FINANCE LLC 6.375% 08/15/2020$652,000
VOUGEOT BIDCO PLC 7.875% 07/15/2020$649,981
AES TIETE ENERGIA SA 5.5% 04/15/2025$648,113
IMS HEALTH INC 4.125% 04/01/2023$643,907
TECK RESOURCES LTD 8% 06/01/2021$642,000
T-MOBILE USA INC 6% 04/15/2024$641,814
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.375% 03/15/2020$636,781
CLIFFS NATURAL RESOURCES INC 8.25% 03/31/2020$636,525
OASIS PETROLEUM INC 6.875% 03/15/2022$636,188
LIFEPOINT HEALTH INC 5.375% 05/01/2024$635,500
VEREIT OPERATING PARTNERSHIP LP 4.6% 02/06/2024$635,250
HOMEVI SAS 6.875% 08/15/2021$634,033
CSMC SERIES 2015-8R 4.5% 06/27/2036$632,539
LAREDO PETROLEUM INC 5.625% 01/15/2022$632,450
JBS USA LLC / JBS USA FINANCE INC 7.25% 06/01/2021$627,688
TRIONISTA TOPCO GMBH 6.875% 04/30/2021$626,611
SHEA HOMES LP / SHEA HOMES FUNDING CORP 6.125% 04/01/2025$625,628
UNIVISION COMMUNICATIONS INC 6.75% 09/15/2022$623,123
BANK OF AMERICA CORP 6.5% 10/23/2024$623,081
UNIVISION COMMUNICATIONS INC 5.125% 02/15/2025$619,500
NETFLIX INC 5.875% 02/15/2025$612,750
SPRINT COMMUNICATIONS INC 7% 08/15/2020$611,072
HCA INC 5.25% 06/15/2026$610,938
ENERGIZER HOLDINGS INC 5.5% 06/15/2025$609,119
RANGE RESOURCES CORP 4.875% 05/15/2025$606,425
BERRY PETROLEUM CO LLC 6.375% 09/15/2022$600,600
FRONTIER COMMUNICATIONS CORP 11% 09/15/2025$599,900
GROUP 1 AUTOMOTIVE INC 5.25% 12/15/2023$598,500
UNITYMEDIA HESSEN GMBH & CO KG / UNITYME 5.625% 04/15/2023$596,409
SOUTHWESTERN ENERGY CO 4.95% 01/23/2025$594,750
GUITAR CENTER INC 9.625% 04/15/2020$583,050
RED OAK POWER LLC 9.2% 11/30/2029$582,400
HUDBAY MINERALS INC 9.5% 10/01/2020$582,313
VWR FUNDING INC 4.625% 04/15/2022$579,208
DENBURY RESOURCES INC 5.5% 05/01/2022$579,200
PULTEGROUP INC 5.5% 03/01/2026$576,323
TPF II/EASTERN POWER/TENASKA 5.5% 09/30/2016$576,183
CENTENE CORP 6.125% 02/15/2024$576,131
T-MOBILE USA INC 6.5% 01/15/2026$575,978
DAVITA HEALTHCARE PARTNERS INC 5% 05/01/2025$572,769
TESORO LOGISTICS LP / TESORO LOGISTICS F 5.5% 10/15/2019$571,113
SANCHEZ ENERGY CORP 7.75% 06/15/2021$569,800
XPO LOGISTICS INC 6.5% 06/15/2022$567,150
SPECTRUM BRANDS INC 5.75% 07/15/2025$565,500
ALBERTSONS COS LLC / SAFEWAY INC / NEW A 6.625% 06/15/2024$564,450
GOODYEAR TIRE & RUBBER CO/THE 5.125% 11/15/2023$563,125
CONTINENTAL RESOURCES INC/OK 4.9% 06/01/2044$561,750
IASIS HEALTHCARE LLC / IASIS CAPITAL COR 8.375% 05/15/2019$559,700
LAMAR MEDIA CORP 5.75% 02/01/2026$559,000
MGM RESORTS INTERNATIONAL 6.625% 12/15/2021$555,940
LEVI STRAUSS & CO 5% 05/01/2025$554,850
HOLDING MEDI-PARTENAIRES SAS 7% 05/15/2020$548,632
ROCKIES EXPRESS PIPELINE LLC 5.625% 04/15/2020$548,550
HEALTHSOUTH CORP 5.75% 11/01/2024$547,313
SERVICE CORP INTERNATIONAL/US 5.375% 05/15/2024$546,975
FRONTIER COMMUNICATIONS CORP 7.125% 01/15/2023$545,513
L BRANDS INC 6.875% 11/01/2035$543,405
TENET HEALTHCARE CORP 4.75% 06/01/2020$541,263
GOLDMAN SACHS GROUP INC/THE 5.15% 05/22/2045$539,364
OPE KAG FINANCE SUB INC 7.875% 07/31/2023$539,275
DYNEGY INC 6.75% 11/01/2019$537,469
GFL ENVIRONMENTAL INC 9.875% 02/01/2021$534,100
DPX HOLDINGS BV 7.5% 02/01/2022$533,125
ANGLO AMERICAN CAPITAL PLC 4.875% 05/14/2025$530,550
ALLIANCE ONE INTERNATIONAL INC 9.875% 07/15/2021$530,250
ROSE ROCK MIDSTREAM LP / ROSE ROCK FINAN 5.625% 11/15/2023$529,525
WILLIAM LYON HOMES INC 8.5% 11/15/2020$528,750
STEEL DYNAMICS INC 5.125% 10/01/2021$527,725
CALPINE CORP 5.5% 02/01/2024$526,313
WILLIAM CARTER CO/THE 5.25% 08/15/2021$522,500
LEVEL 3 FINANCING INC 6.125% 01/15/2021$521,875
KLOECKNER PENTAPLAST OF AMERICA INC 7.125% 11/01/2020$521,435
CENTENE CORP 4.75% 05/15/2022$517,500
VISTA OUTDOOR INC 5.875% 10/01/2023$515,725
CSC HOLDINGS LLC 5.25% 06/01/2024$515,371
NCL CORP LTD 5.25% 11/15/2019$513,750
TAYLOR MORRISON COMMUNITIES INC / MONARC 5.25% 04/15/2021$511,250
CARROLS RESTAURANT GROUP INC 8% 05/01/2022$510,538
T-MOBILE USA INC 6.464% 04/28/2019$510,000
LEVEL 3 FINANCING INC 5.125% 05/01/2023$506,538
CALUMET SPECIALTY PRODUCTS PARTNERS LP / 11.5% 01/15/2021$503,800
SALLY HOLDINGS LLC / SALLY CAPITAL INC 5.625% 12/01/2025$496,800
CALATLANTIC GROUP INC 5.25% 06/01/2026$496,125
INOVYN FINANCE PLC 6.25% 05/15/2021$495,938
UNITED RENTALS NORTH AMERICA INC 5.5% 07/15/2025$495,245
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.288% 03/25/2037$493,795
STANDARD INDUSTRIES INC/NJ 5.5% 02/15/2023$492,325
GREYSTAR REAL ESTATE PARTNERS LLC 8.25% 12/01/2022$490,765
FIDELITY & GUARANTY LIFE HOLDINGS INC 6.375% 04/01/2021$488,775
TEINE ENERGY LTD 6.875% 09/30/2022$487,550
TMS INTERNATIONAL CORP 7.625% 10/15/2021$485,750
WESCO DISTRIBUTION INC 5.375% 12/15/2021$485,275
WPX ENERGY INC 8.25% 08/01/2023$482,954
ANGLO AMERICAN CAPITAL PLC 3.625% 05/14/2020$477,750
DENBURY RESOURCES INC 9% 05/15/2021$477,375
PLANTRONICS INC 5.5% 05/31/2023$477,050
CHESAPEAKE ENERGY CORP 4.875% 04/15/2022$476,250
MPLX LP 4.875% 12/01/2024$476,144
MATTERHORN TELECOM SA 3.875% 05/01/2022$476,135
ANTERO RESOURCES CORP 5.625% 06/01/2023$475,625
BLUESCOPE STEEL FINANCE LTD/BLUESCOPE ST 6.5% 05/15/2021$474,750
TMX FINANCE LLC / TITLEMAX FINANCE CORP 8.5% 09/15/2018$474,000
ABN AMRO BANK NV 4.75% 07/28/2025$473,315
CAROLINA BEVERAGE GROUP LLC / CAROLINA B 10.625% 08/01/2018$472,850
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 5.875% 06/15/2021$470,654
VALVOLINE INC 5.5% 07/15/2024$470,250
NRG REMA LLC 9.681% 07/02/2026$465,625
EAGLE SPINCO INC 4.625% 02/15/2021$465,188
RSP PERMIAN INC 6.625% 10/01/2022$463,500
WILLIAMS COS INC/THE 5.75% 06/24/2044$461,250
GRIFOLS WORLDWIDE OPERATIONS LTD 5.25% 04/01/2022$460,900
ACTIVISION BLIZZARD INC 5.625% 09/15/2021$460,685
LMI AEROSPACE INC 7.375% 07/15/2019$460,125
NELNET STUDENT LOAN TRUST 2008-3 2.312% 11/25/2024$456,432
CHOCTAW RESORT DEVELOPMENT ENTERPRISE 7.25% 11/15/2019$454,410
NRG ENERGY INC 7.25% 05/15/2026$453,750
GEO GROUP INC/THE 5.875% 10/15/2024$453,200
ENDO FINANCE LLC 5.75% 01/15/2022$447,975
ECO SERVICES OPERATIONS LLC / ECO FINANC 8.5% 11/01/2022$446,933
ANGLO AMERICAN CAPITAL PLC 3.5% 03/28/2022$446,596
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 4.25% 01/15/2022$445,872
INTERNATIONAL WIRE GROUP INC 10.75% 08/01/2021$443,900
LIFEPOINT HEALTH INC 5.5% 12/01/2021$441,878
COTT FINANCE CORP 5.5% 07/01/2024$438,738
PRIDE INTERNATIONAL INC 7.875% 08/15/2040$435,745
BLUE RACER MIDSTREAM LLC / BLUE RACER FI 6.125% 11/15/2022$434,700
ALLY FINANCIAL INC 5.125% 09/30/2024$421,663
LEVEL 3 FINANCING INC 5.625% 02/01/2023$421,500
VIRGIN MEDIA FINANCE PLC 4.875% 02/15/2022$421,250
CENGAGE LEARNING INC 9.5% 06/15/2024$420,500
FIRST DATA CORP 5.75% 01/15/2024$418,623
PRECISION DRILLING CORP 6.5% 12/15/2021$411,750
SPEEDWAY MOTORSPORTS INC 5.125% 02/01/2023$411,000
VIKING CRUISES LTD 6.25% 05/15/2025$410,800
GENERAL MOTORS CO 5.2% 04/01/2045$409,045
MASTR ASSET BACKED SECURITIES TRUST 2006 .778% 12/25/2035$407,832
IMMUCOR INC 11.125% 08/15/2019$407,000
FMG RESOURCES AUGUST 2006 PTY LTD 9.75% 03/01/2022$405,000
GIBSON BRANDS INC 8.875% 08/01/2018$404,700
CALIFORNIA RESOURCES CORP 5.5% 09/15/2021$404,550
AMERICAN AXLE & MANUFACTURING INC 6.625% 10/15/2022$403,750
CIT GROUP INC 5.5% 02/15/2019$403,750
SLM STUDENT LOAN TRUST 2008-5 2.414% 07/25/2023$403,281
HSBC HOLDINGS PLC 6.375% 09/17/2024$402,313
PANDA TEMPLE POWER TERM LOAN 03/15 7.25% 09/30/2016$402,159
FLORIDA EAST COAST HOLDINGS CORP 6.75% 05/01/2019$401,700
CREDIT AGRICOLE SA 8.125% 12/23/2025$401,375
WPX ENERGY INC 6% 01/15/2022$400,400
BWAY HOLDING CO 9.125% 08/15/2021$400,000
VIACOM INC 4.375% 03/15/2043$398,594
CHENIERE CORPUS CHRISTI HOLDINGS LLC 7% 06/30/2024$398,525
TELENET FINANCE V LUXEMBOURG SCA 6.25% 08/15/2022$397,837
BOPARAN FINANCE PLC 5.5% 07/15/2021$396,135
SIG COMBIBLOC HOLDINGS SCA 7.75% 02/15/2023$395,227
KINETIC CONCEPTS INC / KCI USA INC 7.875% 02/15/2021$389,027
CROWNROCK LP / CROWNROCK FINANCE INC 7.75% 02/15/2023$388,500
COEUR MINING INC 7.875% 02/01/2021$388,050
TENNECO INC 5.375% 12/15/2024$387,813
HSBC HOLDINGS PLC 6.375% 03/30/2025$386,295
ANTERO RESOURCES CORP 5.375% 11/01/2021$385,000
GAMESTOP CORP 6.75% 03/15/2021$384,750
TREEHOUSE FOODS INC 6% 02/15/2024$383,400
RICE ENERGY INC 7.25% 05/01/2023$382,850
MOTO FINANCE PLC 6.375% 09/01/2020$380,963
GREATBATCH LTD 9.125% 11/01/2023$379,250
BHP BILLITON FINANCE USA LTD 6.75% 10/19/2075$379,100
VALEANT PHARMACEUTICALS INTERNATIONAL 6.375% 10/15/2020$372,075
FREEPORT-MCMORAN INC 3.55% 03/01/2022$369,800
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.875% 05/15/2023$368,500
TIME WARNER CABLE INC 7.3% 07/01/2038$366,581
CGG SA 6.5% 06/01/2021$364,000
CHARTER COMMUNICATIONS OPERATING LLC / C 6.484% 10/23/2045$361,207
WINDSTREAM SERVICES LLC 7.75% 10/15/2020$360,675
ENDEAVOR ENERGY RESOURCES LP / EER FINAN 7% 08/15/2021$356,400
EAGLE MATERIALS INC 4.5% 08/01/2026$355,906
HERCULES OFFSH TL IL EXIT (FOR 10.5% 07/29/2017$355,757
LANTHEUS MEDICAL IMAGING TL B 7% 08/31/2016$355,212
IHEARTCOMMUNICATIONS INC 14% 02/01/2021$354,569
TEMPUR SEALY INTERNATIONAL INC 5.625% 10/15/2023$353,600
COVERIS HOLDINGS SA 7.875% 11/01/2019$353,500
DUFRY FINANCE SCA 5.5% 10/15/2020$352,249
AUSDRILL FINANCE PTY LTD 6.875% 11/01/2019$351,500
FRESENIUS MEDICAL CARE US FINANCE II INC 5.875% 01/31/2022$351,075
KRAFT HEINZ FOODS CO 7.125% 08/01/2039$349,560
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT M 7.5% 07/01/2021$349,125
HCA INC 5.875% 05/01/2023$348,563
CONTINENTAL RESOURCES INC/OK 5% 09/15/2022$347,800
ALCOA INC 5.95% 02/01/2037$345,950
LANDRY'S INC 9.375% 05/01/2020$342,469
DS SERVICES OF AMERICA INC 10% 09/01/2021$339,564
T-MOBILE USA INC 6% 03/01/2023$339,517
USG CORP 5.5% 03/01/2025$337,444
GAMESTOP CORP 5.5% 10/01/2019$336,188
L BRANDS INC 6.95% 03/01/2033$334,950
DOWNSTREAM DEVELOPMENT AUTHORITY OF THE 10.5% 07/01/2019$332,800
HCA INC 5.25% 04/15/2025$331,506
CARRIZO OIL & GAS INC 7.5% 09/15/2020$330,825
LINN ENERGY LLC / LINN ENERGY FINANCE CO 12% 12/15/2020$330,021
GENESIS ENERGY LP / GENESIS ENERGY FINAN 6% 05/15/2023$330,000
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 5.45% 06/15/2023$328,792
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT M 5.5% 08/15/2022$324,625
TARGA RESOURCES PARTNERS LP / TARGA RESO 5.25% 05/01/2023$324,225
SPRINT COMMUNICATIONS INC 11.5% 11/15/2021$320,450
COOPERATIEVE RABOBANK UA 5.25% 08/04/2045$317,402
CONCHO RESOURCES INC 6.5% 01/15/2022$316,975
JLL/DELTA DUTCH PLEDGECO BV 8.75% 05/01/2020$316,200
GENWORTH HOLDINGS INC 7.7% 06/15/2020$315,875
VIRGIN MEDIA FINANCE PLC 6% 10/15/2024$315,038
FRONTIER COMMUNICATIONS CORP 10.5% 09/15/2022$314,288
ALTICE FINANCING SA 5.25% 02/15/2023$310,916
AMERIGAS PARTNERS LP / AMERIGAS FINANCE 5.625% 05/20/2024$310,875
TA MFG. LTD 3.625% 04/15/2023$310,012
INTERFACE SECURITY SYSTEMS HOLDINGS INC 9.25% 01/15/2018$308,838
PSPC ESCROW CORP 6% 02/01/2023$308,531
PSPC ESCROW CORP 6% 02/01/2023$308,531
OI BRASIL HOLDINGS COOPERATIEF UA 5.75% 02/10/2022$308,000
SHEA HOMES LP / SHEA HOMES FUNDING CORP 5.875% 04/01/2023$306,000
ENSCO PLC 5.75% 10/01/2044$304,850
NCL CORP LTD 4.625% 11/15/2020$304,500
STEEL DYNAMICS INC 5.5% 10/01/2024$302,813
AMAG PHARMACEUTICALS INC 7.875% 09/01/2023$301,785
NGPL PIPECO LLC 7.768% 12/15/2037$300,150
STANDARD INDUSTRIES INC/NJ 5.125% 02/15/2021$299,250
FREEPORT-MCMORAN INC 3.1% 03/15/2020$298,301
WHITING PETROLEUM CORP 5.75% 03/15/2021$294,875
PORTAVENTURA ENTERTAINMENT BARCELONA BV 7.25% 12/01/2020$292,175
HARDWOODS ACQUISITION INC 7.5% 08/01/2021$290,700
ALTICE US FINANCE I CORP 5.5% 05/15/2026$290,500
HILTON WORLDWIDE FINANCE LLC / HILTON WO 5.625% 10/15/2021$290,308
LEVEL 3 FINANCING INC 5.375% 08/15/2022$289,781
TECK RESOURCES LTD 3% 03/01/2019$288,765
CENTRAL GARDEN & PET CO 6.125% 11/15/2023$287,550
NELNET STUDENT LOAN TRUST 2005-4 .826% 03/22/2032$287,441
TRIBUNE MEDIA CO 5.875% 07/15/2022$287,000
RICE ENERGY INC 6.25% 05/01/2022$284,200
KRAFT HEINZ FOODS CO 4.875% 02/15/2025$283,917
CELANESE US HOLDINGS LLC 4.625% 11/15/2022$282,100
BARMINCO FINANCE PTY LTD 9% 06/01/2018$281,363
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 7.125% 06/15/2024$280,089
MURRAY ENERGY CORP 11.25% 04/15/2021$279,300
REYNOLDS GROUP ISSUER INC / REYNOLDS GRO 9.875% 08/15/2019$277,763
ARGENTINE REPUBLIC 7.625% 04/22/2046$277,550
CTP TRANSPORTATION PRODUCTS LLC / CTP FI 8.25% 12/15/2019$277,100
ARCELORMITTAL 6.125% 06/01/2025$276,819
SOUTHWESTERN ENERGY CO 4.1% 03/15/2022$275,900
BNP PARIBAS SA 7.375% 08/19/2025$275,738
GREEKTOWN HOLDINGS LLC/GREEKTOWN MOTHERS 8.875% 03/15/2019$273,650
QEP RESOURCES INC 6.875% 03/01/2021$272,700
BARCLAYS BANK PLC 7.625% 11/21/2022$268,722
MATCH GROUP INC 6.375% 06/01/2024$268,125
TRONOX FINANCE LLC 7.5% 03/15/2022$267,581
FRESENIUS MEDICAL CARE US FINANCE II INC 4.75% 10/15/2024$267,500
US CONCRETE INC 6.375% 06/01/2024$267,238
GUITAR CENTER INC 6.5% 04/15/2019$266,250
BARCLAYS PLC 8.25% 12/15/2018$265,525
ARCELORMITTAL 6.5% 03/01/2021$265,000
CONSTELLATION BRANDS INC 4.75% 12/01/2025$261,900
VALEANT PHARMACEUTICALS INTERNATIONAL IN 7.5% 07/15/2021$261,800
MICHAEL BAKER INTERNATIONAL LLC / CDL AC 8.25% 10/15/2018$256,750
LANDRY'S HOLDINGS II INC 10.25% 01/01/2018$255,313
JACK COOPER HOLDINGS CORP 9.25% 06/01/2020$253,750
NAVIENT CORP 6.625% 07/26/2021$253,125
NGPL PIPECO LLC 7.119% 12/15/2017$252,600
CLOUD PEAK ENERGY RESOURCES LLC / CLOUD 6.375% 03/15/2024$251,750
AMC ENTERTAINMENT INC 5.75% 06/15/2025$251,250
LAMAR MEDIA CORP 5% 05/01/2023$251,100
ROCKIES EXPRESS PIPELINE LLC 7.5% 07/15/2038$248,750
MONITRONICS INTERNATIONAL INC 9.125% 04/01/2020$248,325
TENET HEALTHCARE CORP 4.375% 10/01/2021$245,613
WALTER INVESTMENT MANAGEMENT CORP 7.875% 12/15/2021$245,000
ALLY FINANCIAL INC 8% 11/01/2031$244,500
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 7.25% 05/15/2024$243,800
ALLY FINANCIAL INC 4.625% 05/19/2022$243,411
EP ENERGY LLC / EVEREST ACQUISITION FINA 9.375% 05/01/2020$241,500
CNO FINANCIAL GROUP INC 4.5% 05/30/2020$241,500
MODULAR SPACE CORP 10.25% 01/31/2019$239,040
EP ENERGY LLC / EVEREST ACQUISITION FINA 6.375% 06/15/2023$237,350
NEPTUNE FINCO CORP 10.875% 10/15/2025$234,500
UNITYMEDIA HESSEN GMBH & CO KG / UNITYME 5.75% 01/15/2023$233,708
RANGE RESOURCES CORP 5% 03/15/2023$231,250
SABINE PASS LIQUEFACTION LLC 5.875% 06/30/2026$231,188
MEG ENERGY CORP 7% 03/31/2024$226,300
CARMIKE CINEMAS INC 6% 06/15/2023$221,025
BOPARAN FINANCE PLC 4.375% 07/15/2021$218,533
CEC ENTERTAINMENT INC 8% 02/15/2022$217,800
SM ENERGY CO 5.625% 06/01/2025$217,100
ARGENTINE REPUBLIC 6.875% 04/22/2021$215,700
COMMUNICATIONS SALES & LEASING INC / CSL 8.25% 10/15/2023$215,513
TOLL BROTHERS FINANCE CORP 6.75% 11/01/2019$213,275
MALLINCKRODT INTERNATIONAL FINANCE SA / 4.875% 04/15/2020$211,575
MEG ENERGY CORP 6.5% 03/15/2021$210,000
AMERICAN AXLE & MANUFACTURING INC 6.25% 03/15/2021$209,500
FREEPORT-MCMORAN INC 5.45% 03/15/2043$208,575
PETROBRAS GLOBAL FINANCE BV 6.85% 06/05/2115$207,495
LAREDO PETROLEUM INC 7.375% 05/01/2022$205,275
ANGLO AMERICAN CAPITAL PLC 4.125% 09/27/2022$203,175
CARE CAPITAL PROPERTIES LP 5.125% 08/15/2026$202,895
ALTICE FINANCING SA 7.5% 05/15/2026$202,500
WILLIAMS COS INC/THE 3.7% 01/15/2023$201,850
VIRGIN MEDIA SECURED FINANCE PLC 5.5% 08/15/2026$201,750
NAVIENT CORP 5.875% 03/25/2021$198,750
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.375% 05/01/2025$198,075
NAVIENT CORP 5.5% 01/15/2019$195,938
CARRIZO OIL & GAS INC 6.25% 04/15/2023$195,263
RANGE RESOURCES CORP 5% 08/15/2022$193,725
SFR GROUP SA 6.25% 05/15/2024$192,625
CHESAPEAKE ENERGY CORP 6.875% 11/15/2020$192,400
PACIFIC DRILLING V LTD 7.25% 12/01/2017$191,250
SPRINT COMMUNICATIONS INC 6% 11/15/2022$189,834
PQ CORP 6.75% 11/15/2022$189,788
ALTICE LUXEMBOURG SA 6.25% 02/15/2025$187,887
PANDA TEMPLE POWER II ADVANCE 7.25% 09/30/2016$186,531
NWH ESCROW CORP 7.5% 08/01/2021$186,250
GRAY TELEVISION INC 5.875% 07/15/2026$185,490
LIFEPOINT HEALTH INC 5.875% 12/01/2023$174,488
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.5% 03/01/2023$174,300
FREEPORT-MCMORAN INC 3.875% 03/15/2023$173,010
POST HOLDINGS INC 7.75% 03/15/2024$172,244
HUGHES SATELLITE SYSTEMS CORP 5.25% 08/01/2026$170,000
GOODYEAR TIRE & RUBBER CO/THE 5% 05/31/2026$169,000
GLOBE LUXEMBOURG SCA 9.625% 05/01/2018$167,000
PARSLEY ENERGY LLC / PARSLEY FINANCE COR 7.5% 02/15/2022$164,800
WESCO DISTRIBUTION INC 5.375% 06/15/2024$164,800
WELLS FARGO COMMERCIAL MORTGAGE TRUST 20 4.471% 12/15/2047$164,386
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 5% 10/01/2021$163,950
COMM 2015-LC21 MORTGAGE TRUST 3.25% 07/10/2048$163,523
FRONTIER COMMUNICATIONS CORP 6.875% 01/15/2025$162,937
HUGHES SATELLITE SYSTEMS CORP 6.625% 08/01/2026$159,200
NEOVIA LOGISTICS INTERMEDIATE HOLDINGS L 10% 02/15/2018$159,000
SEALED AIR CORP 4.5% 09/15/2023$158,784
JPMBB COMMERCIAL MORTGAGE SECURITIES TRU 4.118% 08/15/2048$158,190
MPT OPERATING PARTNERSHIP LP / MPT FINAN 5.25% 08/01/2026$158,063
WELLS FARGO COMMERCIAL MORTGAGE TRUST 20 3% 05/15/2048$157,976
GENWORTH HOLDINGS INC 4.9% 08/15/2023$156,975
TAYLOR MORRISON COMMUNITIES INC / MONARC 5.875% 04/15/2023$155,250
HANESBRANDS INC 4.625% 05/15/2024$154,500
CONSTELLATION BRANDS INC 4.75% 11/15/2024$152,950
HOLLY ENERGY PARTNERS LP / HOLLY ENERGY 6% 08/01/2024$152,250
COMPILER FINANCE SUB INC 7% 05/01/2021$152,213
RENT-A-CENTER INC/TX 4.75% 05/01/2021$152,100
MATTERHORN TELECOM SA 3.625% 05/01/2022$150,074
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.75% 02/01/2022$146,625
COMMUNICATIONS SALES & LEASING INC / CSL 6% 04/15/2023$144,813
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.125% 06/15/2019$141,750
CONCHO RESOURCES INC 5.5% 04/01/2023$138,950
CIT GROUP INC 5% 08/01/2023$137,150
GENERAL MOTORS CO 6.6% 04/01/2036$136,455
R&R ICE CREAM PLC 5.5% 05/15/2020$136,100
UNITED RENTALS NORTH AMERICA INC 5.875% 09/15/2026$135,688
JPMBB COMMERCIAL MORTGAGE SECURITIES TRU 4.618% 08/15/2048$134,254
HANESBRANDS INC 4.875% 05/15/2026$133,575
GEO GROUP INC/THE 5.125% 04/01/2023$130,975
CHESAPEAKE ENERGY CORP 5.75% 03/15/2023$130,000
SABINE PASS LIQUEFACTION LLC 5.625% 03/01/2025$128,086
LGE HOLDCO VI BV 7.125% 05/15/2024$126,614
ENDO FINANCE LLC / ENDO FINCO INC 5.875% 01/15/2023$126,513
GRAPHIC PACKAGING INTERNATIONAL INC 4.875% 11/15/2022$125,850
NCR CORP 6.375% 12/15/2023$119,600
VALEANT PHARMACEUTICALS INTERNATIONAL 7% 10/01/2020$111,900
EV ENERGY PARTNERS LP / EV ENERGY FINANC 8% 04/15/2019$101,150
CGG SA 6.875% 01/15/2022$92,000
MALLINCKRODT INTERNATIONAL FINANCE SA / 5.625% 10/15/2023$91,675
WHITING PETROLEUM CORP 6.25% 04/01/2023$91,438
CASCADES INC 5.75% 07/15/2023$89,325
MALLINCKRODT INTERNATIONAL FINANCE SA 4.75% 04/15/2023$88,000
BERRY PETROLEUM CO LLC 6.75% 11/01/2020$87,750
GARDA WORLD SECURITY CORP 7.25% 11/15/2021$86,500
NGPL PIPECO LLC 9.625% 06/01/2019$84,000
MEG ENERGY CORP 6.375% 01/30/2023$78,100
ENSCO PLC 4.7% 03/15/2021$76,613
COMMSCOPE HOLDING CO INC 6.625% 06/01/2020$75,641
LAREDO PETROLEUM INC 6.25% 03/15/2023$73,200
CONTINENTAL RESOURCES INC/OK 4.5% 04/15/2023$72,800
COMMSCOPE INC 4.375% 06/15/2020$72,468
SM ENERGY CO 5% 01/15/2024$72,450
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$69,913
ENSCO PLC 5.2% 03/15/2025$68,125
FMG RESOURCES PTY LTD LOAN 4.25% 08/22/2016$66,859
GENERAL MOTORS CO 6.75% 04/01/2046$65,202
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.875% 04/01/2024$64,200
CIT GROUP INC 5.375% 05/15/2020$63,750
ALCOA INC 5.125% 10/01/2024$63,375
TESORO LOGISTICS LP / TESORO LOGISTICS F 6.125% 10/15/2021$62,631
AES TIETE ENERGIA SA 5.5% 03/15/2024$62,325
TENET HEALTHCARE CORP 4.5% 04/01/2021$60,600
ACADIA HEALTHCARE CO INC 5.625% 02/15/2023$59,873
CALIFORNIA RESOURCES CORP 8% 12/15/2022$58,068
MICRON TECHNOLOGY INC 5.5% 02/01/2025$54,150
VALEANT PHARMACEUTICALS INTERNATIONAL 7.25% 07/15/2022$53,850
VIKING CRUISES LTD 8.5% 10/15/2022$53,250
LEVEL 3 FINANCING INC 5.375% 01/15/2024$52,563
CALPINE CORP 5.25% 06/01/2026$50,625
MICRON TECHNOLOGY INC 5.25% 08/01/2023$45,000
PULTEGROUP INC 4.25% 03/01/2021$41,550
NEWFIELD EXPLORATION CO 5.625% 07/01/2024$39,700
TECHNIPLAS LLC 10% 05/01/2020$39,000
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENE 7.375% 02/01/2020$38,475
INTERNATIONAL LEASE FINANCE CORP 8.625% 01/15/2022$37,689
DISH DBS CORP 6.75% 06/01/2021$31,950
OPEN TEXT CORP 5.875% 06/01/2026$31,257
AXIALL CORP 4.875% 05/15/2023$20,638
ANCESTRY.COM INC 11% 12/15/2020$10,775
SEVENTY SEVEN ENERGY INC 6.5% 07/15/2022$9,713
CHESAPEAKE ENERGY CORP 5.375% 06/15/2021$6,600
ANTERO RESOURCES CORP 5.125% 12/01/2022$4,688
ESCROW MAGELLAN 9.75% 05/15/2020$0
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$12,026,466
 
Other
Holding NameMarket Value
EURO$171,578
US 2YR NOTE (CBT) BOND SEP16 (TUU6) COMDTY$126,255
US 5YR NOTE (CBT) BOND SEP16 (FVU6) COMDTY$118,687
USD$84,628
BRITISH POUND$13,410
CURRENCY CONTRACT$12,740
USD$5,426
SWISS FRANC$2,799
CURRENCY CONTRACT$-224
CURRENCY CONTRACT$-1,278
CURRENCY CONTRACT$-1,637
CURRENCY CONTRACT$-49,169
CURRENCY CONTRACT$-63,010
All Holdings As of Jun 30, 2016
Equity
Holding NameMarket Value
GMAC CAPITAL TRUST I$1,113,798
MAGNUM HUNTER RESOURCES CORP$882,287
ALLERGAN PLC$420,144
HERCULES OFFSHORE INC$17,154
 
Fixed Income
Holding NameMarket Value
SPRINT CORP 7.25% 09/15/2021$4,754,838
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.203% 10/25/2024$2,560,244
NAVIENT CORP 4.875% 06/17/2019$2,559,038
HCA INC 5.375% 02/01/2025$2,553,338
FIRST DATA CORP 7% 12/01/2023$2,357,700
CIT GROUP INC 5% 08/15/2022$2,075,700
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 4.5% 05/15/2021$2,054,000
DISH DBS CORP 5.875% 07/15/2022$1,876,875
CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022$1,870,000
MIRAN MID-ATLANTIC SERIES C PASS THROUGH 10.06% 12/30/2028$1,843,852
FLEXI-VAN LEASING INC 7.875% 08/15/2018$1,784,250
UNITED RENTALS NORTH AMERICA INC 6.125% 06/15/2023$1,768,163
NOVELIS INC 8.75% 12/15/2020$1,736,512
PRESTIGE BRANDS INC 5.375% 12/15/2021$1,688,100
SPRINT CAPITAL CORP 6.9% 05/01/2019$1,680,000
WMG ACQUISITION CORP 5.625% 04/15/2022$1,657,394
DOLLAR TREE INC 5.75% 03/01/2023$1,638,613
NUMERICABLE-SFR SA 7.375% 05/01/2026$1,593,900
T-MOBILE USA INC 6.633% 04/28/2021$1,573,125
STANDARD INDUSTRIES INC/NJ 6% 10/15/2025$1,548,750
HD SUPPLY INC 5.75% 04/15/2024$1,516,838
MORGAN STANLEY RESECURITIZATION TRUST 20 .708% 07/26/2045$1,499,948
TENET HEALTHCARE CORP 6.75% 06/15/2023$1,470,713
INTELSAT JACKSON HOLDINGS SA 8% 02/15/2024$1,470,150
INTELSAT JACKSON HOLDINGS SA 7.5% 04/01/2021$1,469,925
CLEAN HARBORS INC 5.25% 08/01/2020$1,447,013
SUMMIT MATERIALS LLC / SUMMIT MATERIALS 6.125% 07/15/2023$1,411,634
NOMURA RESECURITIZATION TRUST 2015-6R .643% 05/26/2046$1,400,006
CONVATEC FINANCE INTERNATIONAL SA 8.25% 01/15/2019$1,395,150
PACTIV LLC 8.375% 04/15/2027$1,371,500
IRON MOUNTAIN EUROPE PLC 6.125% 09/15/2022$1,367,096
ASHTEAD CAPITAL INC 6.5% 07/15/2022$1,359,306
SUBURBAN PROPANE PARTNERS LP/SUBURBAN EN 5.5% 06/01/2024$1,357,813
CHARTER COMMUNICATIONS OPERATING LLC / C 4.908% 07/23/2025$1,347,183
AMERIGAS FINANCE LLC / AMERIGAS FINANCE 7% 05/20/2022$1,336,381
CHESAPEAKE ENERGY CORP 3.878% 04/15/2019$1,325,625
ACADIA HEALTHCARE CO INC 5.125% 07/01/2022$1,287,000
CASCADES INC 5.5% 07/15/2022$1,278,888
1011778 BC ULC / NEW RED FINANCE INC 4.625% 01/15/2022$1,278,660
OASIS PETROLEUM INC 6.875% 01/15/2023$1,276,425
NRG ENERGY INC 6.25% 07/15/2022$1,267,500
REYNOLDS GROUP ISSUER INC / REYNOLDS GRO 7% 07/15/2024$1,258,278
FIRST DATA CORP 5% 01/15/2024$1,232,656
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 5% 04/15/2022$1,228,500
UNITED AIRLINES 2013-1 CLASS B PASS THRO 5.375% 02/15/2023$1,225,949
CHURCHILL DOWNS INC 5.375% 12/15/2021$1,200,713
BALL CORP 4.375% 12/15/2023$1,199,917
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 4.625% 07/01/2022$1,192,283
VALEANT PHARMACEUTICALS INTERNATIONAL 6.75% 08/15/2021$1,187,638
R&R PIK PLC 9.25% 05/15/2018$1,182,523
MALLINCKRODT INTERNATIONAL FINANCE SA / 5.75% 08/01/2022$1,174,650
DJO FINCO INC / DJO FINANCE LLC / DJO FI 8.125% 06/15/2021$1,165,800
ALTICE FINANCING SA 6.625% 02/15/2023$1,163,032
ENVISION HEALTHCARE CORP 5.125% 07/01/2022$1,161,500
FIRST QUALITY FINANCE CO INC 4.625% 05/15/2021$1,140,000
TARGA RESOURCES PARTNERS LP / TARGA RESO 6.75% 03/15/2024$1,138,150
MILACRON LLC / MCRON FINANCE CORP 7.75% 02/15/2021$1,133,325
KCA DEUTAG UK FINANCE PLC 7.25% 05/15/2021$1,132,500
CONSTELLATION BRANDS INC 6% 05/01/2022$1,122,500
GEO GROUP INC/THE 6% 04/15/2026$1,118,813
PINNACLE FOODS FINANCE LLC / PINNACLE FO 4.875% 05/01/2021$1,105,344
PILGRIM'S PRIDE CORP 5.75% 03/15/2025$1,102,750
INGLES MARKETS INC 5.75% 06/15/2023$1,075,900
HCA HOLDINGS INC 6.25% 02/15/2021$1,070,000
DAVITA HEALTHCARE PARTNERS INC 5.125% 07/15/2024$1,063,624
NUMERICABLE-SFR SA 5.625% 05/15/2024$1,054,045
COVANTA HOLDING CORP 6.375% 10/01/2022$1,053,150
PARTY CITY HOLDINGS INC 6.125% 08/15/2023$1,050,400
H&E EQUIPMENT SERVICES INC 7% 09/01/2022$1,050,400
UNIVERSAL HOSPITAL SERVICES INC 7.625% 08/15/2020$1,043,838
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.603% 03/25/2037$1,039,167
REPERFORMING LOAN REMIC TRUST 2005-R2 8% 06/25/2035$1,036,385
CAPSUGEL SA 7% 05/15/2019$1,033,578
RITE AID CORP 6.125% 04/01/2023$1,028,400
APEX TOOL GROUP LLC 7% 02/01/2021$1,027,988
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.625% 12/01/2021$1,025,050
ESH HOSPITALITY INC 5.25% 05/01/2025$1,022,794
JBS USA LLC / JBS USA FINANCE INC 7.25% 06/01/2021$1,019,200
OPEN TEXT CORP 5.625% 01/15/2023$1,015,000
HANESBRANDS FINANCE LUXEMBOURG SCA 3.5% 06/15/2024$1,013,757
LEVEL 3 FINANCING INC 5.625% 02/01/2023$1,013,130
MGM GROWTH PROPERTIES OPERATING PARTNERS 5.625% 05/01/2024$1,012,300
TENET HEALTHCARE CORP 8.125% 04/01/2022$1,009,204
NCR CORP 5.875% 12/15/2021$1,008,563
TERRAFORM POWER OPERATING LLC 5.875% 02/01/2023$1,004,640
BLUELINE RENTAL FINANCE CORP 7% 02/01/2019$1,003,400
NEIMAN MARCUS GROUP LTD LLC 8.75% 10/15/2021$1,002,150
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENE 7.375% 02/01/2020$992,875
COGENT COMMUNICATIONS GROUP INC 5.375% 03/01/2022$987,350
ARDAGH FINANCE HOLDINGS SA 0% 06/15/2019$984,658
QUICKEN LOANS INC 5.75% 05/01/2025$979,700
CITIGROUP INC 5.95% 05/15/2025$978,750
GLP CAPITAL LP / GLP FINANCING II INC 5.375% 04/15/2026$975,713
DBP HOLDING CORP 7.75% 10/15/2020$969,000
NRG YIELD OPERATING LLC 5.375% 08/15/2024$965,000
SIMMONS FOODS INC 7.875% 10/01/2021$958,125
SBA COMMUNICATIONS CORP 4.875% 07/15/2022$956,194
DH SERVICES LUXEMBOURG SARL 7.75% 12/15/2020$947,250
SINCLAIR TELEVISION GROUP INC 5.375% 04/01/2021$945,881
HUNTINGTON INGALLS INDUSTRIES INC 5% 12/15/2021$945,000
WORLDPAY FINANCE PLC 3.75% 11/15/2022$944,120
CEDAR FAIR LP / CANADA'S WONDERLAND CO / 5.375% 06/01/2024$941,850
SABINE PASS LIQUEFACTION LLC 5.625% 04/15/2023$938,138
DARLING GLOBAL FINANCE BV 4.75% 05/30/2022$936,475
AMSURG CORP 5.625% 07/15/2022$933,281
HCA INC 5.875% 02/15/2026$925,600
OASIS PETROLEUM INC 6.875% 03/15/2022$924,106
HUB INTERNATIONAL LTD 7.875% 10/01/2021$914,375
WEST CORP 5.375% 07/15/2022$905,738
SPRINT COMMUNICATIONS INC 8.375% 08/15/2017$898,275
WINDSTREAM SERVICES LLC 7.5% 04/01/2023$897,500
AURIS LUXEMBOURG II SA 8% 01/15/2023$895,818
WATCO COS LLC / WATCO FINANCE CORP 6.375% 04/01/2023$895,500
ALLY FINANCIAL INC 7.5% 09/15/2020$892,883
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.875% 02/15/2023$892,400
ZF NORTH AMERICA CAPITAL INC 4.5% 04/29/2022$890,313
AMERICAN BUILDERS & CONTRACTORS SUPPLY C 5.75% 12/15/2023$887,063
SANCHEZ ENERGY CORP 7.75% 06/15/2021$886,600
CARLSON TRAVEL HOLDINGS INC 7.5% 08/15/2019$883,200
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 6.75% 05/15/2024$882,917
JAGUAR HOLDING CO II / PHARMACEUTICAL PR 6.375% 08/01/2023$881,500
CENTURYLINK INC 5.8% 03/15/2022$877,221
NATURAL RESOURCE PARTNERS LP / NRP FINAN 9.125% 10/01/2018$874,000
MEDIACOM BROADBAND LLC / MEDIACOM BROADB 5.5% 04/15/2021$870,188
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 6.02% 06/15/2026$866,853
HOMEVI SAS 6.875% 08/15/2021$862,309
AMERICAN AIRLINES 2013-2 CLASS B PASS TH 5.6% 01/15/2022$861,061
TEMPUR SEALY INTERNATIONAL INC 5.5% 06/15/2026$856,950
MPT OPERATING PARTNERSHIP LP / MPT FINAN 6.375% 03/01/2024$850,650
SIX FLAGS ENTERTAINMENT CORP 4.875% 07/31/2024$846,450
CTR PARTNERSHIP LP / CARETRUST CAPITAL C 5.875% 06/01/2021$844,200
CENTENE CORP 5.625% 02/15/2021$841,225
WOODSIDE HOMES CO LLC / WOODSIDE HOMES F 6.75% 12/15/2021$837,000
BOYD GAMING CORP 6.375% 04/01/2026$834,750
VWR FUNDING INC 4.625% 04/15/2022$834,618
DENALI INTERNATIONAL LLC / DENALI FINANC 5.625% 10/15/2020$830,685
FIRST QUANTUM MINERALS LTD 7.25% 05/15/2022$812,488
RENT-A-CENTER INC/TX 6.625% 11/15/2020$809,088
PLASTIPAK HOLDINGS INC 6.5% 10/01/2021$804,625
VIRGIN MEDIA FINANCE PLC 7% 04/15/2023$798,251
CAESARS ENTERTAINMENT RESORT PROPERTIES 8% 10/01/2020$795,925
INTREPID AVIATION GROUP HOLDINGS LLC / I 6.875% 02/15/2019$792,075
TECK RESOURCES LTD 8.5% 06/01/2024$790,400
NAVIOS MARITIME ACQUISITION CORP / NAVIO 8.125% 11/15/2021$790,000
IRON MOUNTAIN INC 6% 10/01/2020$786,563
SPECTRUM BRANDS INC 6.625% 11/15/2022$778,363
AMERICAN BUILDERS & CONTRACTORS SUPPLY C 5.625% 04/15/2021$778,125
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 4.25% 01/15/2022$776,333
ALTICE LUXEMBOURG SA 7.25% 05/15/2022$773,863
ELDORADO GOLD CORP 6.125% 12/15/2020$773,850
BIOSCRIP INC 8.875% 02/15/2021$771,900
CENTURYLINK INC 5.625% 04/01/2025$768,625
PRIME SECURITY SERVICES BORROWER LLC / P 9.25% 05/15/2023$765,000
BRUNSWICK CORP/DE 4.625% 05/15/2021$763,125
NEUBERGER BERMAN GROUP LLC / NEUBERGER B 5.875% 03/15/2022$757,625
NEW COTAI LLC / NEW COTAI CAPITAL CORP 0% 05/01/2019$757,353
POST HOLDINGS INC 6% 12/15/2022$756,131
PORTAVENTURA ENTERTAINMENT BARCELONA BV 7.25% 12/01/2020$752,877
ENCORE CREDIT RECEIVABLES TRUST 2005-3 1.488% 10/25/2035$751,685
TELENET FINANCE V LUXEMBOURG SCA 6.25% 08/15/2022$749,830
SEALED AIR CORP 4.5% 09/15/2023$746,973
GUITAR CENTER INC 9.625% 04/15/2020$742,000
SHELF DRILLING HOLDINGS LTD 8.625% 11/01/2018$740,000
PHI INC 5.25% 03/15/2019$739,350
COMMSCOPE INC 5.5% 06/15/2024$738,594
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.75% 02/15/2026$733,075
TESORO LOGISTICS LP / TESORO LOGISTICS F 6.375% 05/01/2024$731,488
CBC AMMO LLC / CBC FINCO INC 7.25% 11/15/2021$731,000
CITGO PETROLEUM CORP 6.25% 08/15/2022$726,688
BAYTEX ENERGY CORP 5.125% 06/01/2021$724,550
MURRAY ENERGY CORP TL B2 1L 7.5% 06/30/2017$714,698
REYNOLDS GROUP ISSUER INC / REYNOLDS GRO 5.125% 07/15/2023$714,694
COMMSCOPE INC 5% 06/15/2021$712,549
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.125% 05/01/2023$705,688
AES TIETE ENERGIA SA 6% 05/15/2026$705,525
MPH ACQUISITION HOLDINGS LLC 7.125% 06/01/2024$705,175
CENTURY INTERMEDIATE HOLDING CO 2 9.75% 02/15/2019$701,213
FRONTIER COMMUNICATIONS CORP 7.625% 04/15/2024$698,650
JONES ENERGY HOLDINGS LLC / JONES ENERGY 6.75% 04/01/2022$693,000
OPTION ONE MORTGAGE LOAN TRUST 2005-4 AS .943% 11/25/2035$689,136
SUN PRODUCTS CORP/THE 7.75% 03/15/2021$687,225
HEALTHSOUTH CORP 5.125% 03/15/2023$684,575
ARQIVA BROADCAST FINANCE PLC 9.5% 03/31/2020$684,356
VEREIT OPERATING PARTNERSHIP LP 4.875% 06/01/2026$684,119
NEIMAN MARCUS GROUP LTD LLC 8% 10/15/2021$680,600
MDC PARTNERS INC 6.5% 05/01/2024$678,300
KFC HOLDING CO/PIZZA HUT HOLDINGS LLC/TA 5% 06/01/2024$678,300
WILLIAMS COS INC/THE 7.5% 01/15/2031$676,700
DISH DBS CORP 7.75% 07/01/2026$665,963
ZIGGO BOND FINANCE BV 4.625% 01/15/2025$664,116
NUMERICABLE-SFR SA 6% 05/15/2022$663,850
ZF NORTH AMERICA CAPITAL INC 4.75% 04/29/2025$660,966
TELECOM ITALIA SPA/MILANO 5.303% 05/30/2024$660,825
GULFPORT ENERGY CORP 6.625% 05/01/2023$658,350
GOODYEAR TIRE & RUBBER CO/THE 7% 05/15/2022$657,281
1011778 BC ULC / NEW RED FINANCE INC 6% 04/01/2022$655,005
LAREDO PETROLEUM INC 5.625% 01/15/2022$653,300
CNO FINANCIAL GROUP INC 5.25% 05/30/2025$652,050
VOUGEOT BIDCO PLC 7.875% 07/15/2020$642,894
NEPTUNE FINCO CORP 6.625% 10/15/2025$642,025
ROCKIES EXPRESS PIPELINE LLC 6.875% 04/15/2040$639,610
UNIVISION COMMUNICATIONS INC 5.125% 05/15/2023$639,398
BEVERAGES & MORE INC 10% 11/15/2018$636,125
AES TIETE ENERGIA SA 5.5% 04/15/2025$634,725
CSMC SERIES 2015-8R 4.5% 06/27/2036$632,956
MICHAEL BAKER HOLDINGS LLC / MICAHEL BAK 8.75% 04/15/2019$630,638
IMS HEALTH INC 4.125% 04/01/2023$628,229
LIFEPOINT HEALTH INC 5.375% 05/01/2024$623,100
T-MOBILE USA INC 6% 04/15/2024$622,500
TRIONISTA TOPCO GMBH 6.875% 04/30/2021$620,517
TECK RESOURCES LTD 8% 06/01/2021$619,500
CLIFFS NATURAL RESOURCES INC 8.25% 03/31/2020$618,075
UNIVISION COMMUNICATIONS INC 6.75% 09/15/2022$615,860
DENBURY RESOURCES INC 5.5% 05/01/2022$615,400
TA MFG. LTD 3.625% 04/15/2023$615,383
VEREIT OPERATING PARTNERSHIP LP 4.6% 02/06/2024$612,563
EXAMWORKS GROUP INC 5.625% 04/15/2023$611,188
SCIENTIFIC GAMES INTERNATIONAL INC 7% 01/01/2022$611,050
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.375% 03/15/2020$610,156
SHEA HOMES LP / SHEA HOMES FUNDING CORP 6.125% 04/01/2025$610,000
RANGE RESOURCES CORP 4.875% 05/15/2025$608,013
BANK OF AMERICA CORP 6.5% 10/23/2024$607,763
NETFLIX INC 5.875% 02/15/2025$600,638
IASIS HEALTHCARE LLC / IASIS CAPITAL COR 8.375% 05/15/2019$598,688
HCA INC 5.25% 06/15/2026$598,359
TRONOX FINANCE LLC 6.375% 08/15/2020$598,000
UNIVISION COMMUNICATIONS INC 5.125% 02/15/2025$595,500
ENERGIZER HOLDINGS INC 5.5% 06/15/2025$593,513
GROUP 1 AUTOMOTIVE INC 5.25% 12/15/2023$592,500
UNITYMEDIA HESSEN GMBH & CO KG / UNITYME 5.625% 04/15/2023$583,446
RED OAK POWER LLC 9.2% 11/30/2029$582,400
FRONTIER COMMUNICATIONS CORP 11% 09/15/2025$581,700
CONTINENTAL RESOURCES INC/OK 4.9% 06/01/2044$581,000
TPF II LC LLC NEW TLB/TENASKA 5.5% 09/30/2016$580,024
SPRINT COMMUNICATIONS INC 7% 08/15/2020$572,800
CENTENE CORP 6.125% 02/15/2024$570,109
NRG ENERGY INC 7.25% 05/15/2026$570,000
PULTEGROUP INC 5.5% 03/01/2026$566,500
TESORO LOGISTICS LP / TESORO LOGISTICS F 5.5% 10/15/2019$561,750
DAVITA HEALTHCARE PARTNERS INC 5% 05/01/2025$561,469
T-MOBILE USA INC 6.5% 01/15/2026$561,138
VWR FUNDING INC 4.625% 04/15/2022$560,146
GOODYEAR TIRE & RUBBER CO/THE 5.125% 11/15/2023$549,875
ALBERTSONS COS LLC / SAFEWAY INC / NEW A 6.625% 06/15/2024$548,550
XPO LOGISTICS INC 6.5% 06/15/2022$546,488
MGM RESORTS INTERNATIONAL 6.625% 12/15/2021$546,250
TENET HEALTHCARE CORP 4.75% 06/01/2020$545,529
LEVI STRAUSS & CO 5% 05/01/2025$545,400
SPECTRUM BRANDS INC 5.75% 07/15/2025$544,050
LAMAR MEDIA CORP 5.75% 02/01/2026$542,428
HOLDING MEDI-PARTENAIRES SAS 7% 05/15/2020$540,545
ROCKIES EXPRESS PIPELINE LLC 5.625% 04/15/2020$533,975
SERVICE CORP INTERNATIONAL/US 5.375% 05/15/2024$531,675
HEALTHSOUTH CORP 5.75% 11/01/2024$529,725
DYNEGY INC 6.75% 11/01/2019$528,281
FRONTIER COMMUNICATIONS CORP 7.125% 01/15/2023$526,500
OPE KAG FINANCE SUB INC 7.875% 07/31/2023$524,700
GFL ENVIRONMENTAL INC 9.875% 02/01/2021$524,300
LEVEL 3 FINANCING INC 6.125% 01/15/2021$522,245
WILLIAM CARTER CO/THE 5.25% 08/15/2021$520,000
STEEL DYNAMICS INC 5.125% 10/01/2021$519,519
L BRANDS INC 6.875% 11/01/2035$518,925
ANGLO AMERICAN CAPITAL PLC 4.875% 05/14/2025$518,400
WILLIAM LYON HOMES INC 8.5% 11/15/2020$516,250
DPX HOLDINGS BV 7.5% 02/01/2022$515,625
HUDBAY MINERALS INC 9.5% 10/01/2020$514,250
GOLDMAN SACHS GROUP INC/THE 5.15% 05/22/2045$513,152
VISTA OUTDOOR INC 5.875% 10/01/2023$512,050
KLOECKNER PENTAPLAST OF AMERICA INC 7.125% 11/01/2020$510,263
T-MOBILE USA INC 6.464% 04/28/2019$510,000
CALPINE CORP 5.5% 02/01/2024$509,250
CARROLS RESTAURANT GROUP INC 8% 05/01/2022$508,775
ALLIANCE ONE INTERNATIONAL INC 9.875% 07/15/2021$508,500
NCL CORP LTD 5.25% 11/15/2019$507,500
TAYLOR MORRISON COMMUNITIES INC / MONARC 5.25% 04/15/2021$501,250
CALUMET SPECIALTY PRODUCTS PARTNERS LP / 11.5% 01/15/2021$496,100
WPX ENERGY INC 8.25% 08/01/2023$493,675
CSC HOLDINGS LLC 5.25% 06/01/2024$492,750
FIDELITY & GUARANTY LIFE HOLDINGS INC 6.375% 04/01/2021$492,450
LEVEL 3 FINANCING INC 5.125% 05/01/2023$487,550
ANTERO RESOURCES CORP 5.625% 06/01/2023$487,500
SALLY HOLDINGS LLC / SALLY CAPITAL INC 5.625% 12/01/2025$484,150
TMX FINANCE LLC / TITLEMAX FINANCE CORP 8.5% 09/15/2018$483,000
STANDARD INDUSTRIES INC/NJ 5.5% 02/15/2023$482,925
TEINE ENERGY LTD 6.875% 09/30/2022$482,650
INOVYN FINANCE PLC 6.25% 05/15/2021$481,058
NRG REMA LLC 9.681% 07/02/2026$480,625
CHESAPEAKE ENERGY CORP 4.875% 04/15/2022$480,000
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.253% 03/25/2037$479,574
DENBURY RESOURCES INC 9% 05/15/2021$477,375
CALATLANTIC GROUP INC 5.25% 06/01/2026$476,525
GREYSTAR REAL ESTATE PARTNERS LLC 8.25% 12/01/2022$476,100
WESCO DISTRIBUTION INC 5.375% 12/15/2021$475,875
FORUM ENERGY TECHNOLOGIES INC 6.25% 10/01/2021$475,575
ANGLO AMERICAN CAPITAL PLC 3.625% 05/14/2020$474,688
UNITED RENTALS NORTH AMERICA INC 5.5% 07/15/2025$474,600
CAROLINA BEVERAGE GROUP LLC / CAROLINA B 10.625% 08/01/2018$469,175
TMS INTERNATIONAL CORP 7.625% 10/15/2021$469,000
ABN AMRO BANK NV 4.75% 07/28/2025$468,846
MPLX LP 4.875% 12/01/2024$468,393
BLUESCOPE STEEL FINANCE LTD/BLUESCOPE ST 6.5% 05/15/2021$467,055
RSP PERMIAN INC 6.625% 10/01/2022$465,750
PLANTRONICS INC 5.5% 05/31/2023$465,300
EAGLE SPINCO INC 4.625% 02/15/2021$462,375
MATTERHORN TELECOM SA 3.875% 05/01/2022$461,617
ACTIVISION BLIZZARD INC 5.625% 09/15/2021$461,450
ARCELORMITTAL 6.125% 06/01/2025$460,000
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 5.875% 06/15/2021$459,298
LMI AEROSPACE INC 7.375% 07/15/2019$455,625
NELNET STUDENT LOAN TRUST 2008-3 2.312% 11/25/2024$454,136
GRIFOLS WORLDWIDE OPERATIONS LTD 5.25% 04/01/2022$449,900
ENDO FINANCE LLC 5.75% 01/15/2022$449,163
GEO GROUP INC/THE 5.875% 10/15/2024$447,700
CALIFORNIA RESOURCES CORP 5.5% 09/15/2021$443,700
LIFEPOINT HEALTH INC 5.5% 12/01/2021$438,900
BLUE RACER MIDSTREAM LLC / BLUE RACER FI 6.125% 11/15/2022$438,150
CHOCTAW RESORT DEVELOPMENT ENTERPRISE 7.25% 11/15/2019$436,050
ECO SERVICES OPERATIONS LLC / ECO FINANC 8.5% 11/01/2022$432,150
BERRY PETROLEUM CO LLC 6.375% 09/15/2022$431,200
VIRGIN MEDIA FINANCE PLC 4.875% 02/15/2022$423,750
SLM STUDENT LOAN TRUST 2008-5 2.338% 07/25/2023$422,452
COTT FINANCE CORP 5.5% 07/01/2024$420,924
ANGLO AMERICAN CAPITAL PLC 3.5% 03/28/2022$419,449
MASTR ASSET BACKED SECURITIES TRUST 2006 .743% 12/25/2035$415,135
PRIDE INTERNATIONAL INC 7.875% 08/15/2040$414,532
FIRST DATA CORP 5.75% 01/15/2024$413,444
SPEEDWAY MOTORSPORTS INC 5.125% 02/01/2023$409,000
AMERICAN AXLE & MANUFACTURING INC 6.625% 10/15/2022$408,500
CENGAGE LEARNING INC 9.5% 06/15/2024$408,000
COEUR MINING INC 7.875% 02/01/2021$406,350
PRECISION DRILLING CORP 6.5% 12/15/2021$406,125
ALLY FINANCIAL INC 5.125% 09/30/2024$403,888
IMMUCOR INC 11.125% 08/15/2019$402,600
CENTENE CORP 4.75% 05/15/2022$399,750
FMG RESOURCES AUGUST 2006 PTY LTD 9.75% 03/01/2022$399,150
CIT GROUP INC 5.5% 02/15/2019$398,525
GIBSON BRANDS INC 8.875% 08/01/2018$397,600
TECK RESOURCES LTD 3% 03/01/2019$396,900
VIKING CRUISES LTD 6.25% 05/15/2025$395,200
ANTERO RESOURCES CORP 5.375% 11/01/2021$393,000
CHENIERE CORPUS CHRISTI HOLDINGS LLC 7% 06/30/2024$390,689
ANGLO AMERICAN CAPITAL PLC 1.75% 04/03/2018$390,570
FLORIDA EAST COAST HOLDINGS CORP 6.75% 05/01/2019$390,000
CROWNROCK LP / CROWNROCK FINANCE INC 7.75% 02/15/2023$388,500
HSBC HOLDINGS PLC 6.375% 09/17/2024$387,963
RICE ENERGY INC 7.25% 05/01/2023$387,600
SIG COMBIBLOC HOLDINGS SCA 7.75% 02/15/2023$386,890
BWAY HOLDING CO 9.125% 08/15/2021$385,000
KINETIC CONCEPTS INC / KCI USA INC 7.875% 02/15/2021$383,623
FREEPORT-MCMORAN INC 3.55% 03/01/2022$380,550
TENNECO INC 5.375% 12/15/2024$380,513
CREDIT AGRICOLE SA 8.125% 12/23/2025$379,351
TREEHOUSE FOODS INC 6% 02/15/2024$378,075
GENERAL MOTORS CO 5.2% 04/01/2045$377,870
PANDA TEMPLE POWER TERM LOAN 03/15 7.25% 09/30/2016$377,719
GAMESTOP CORP 6.75% 03/15/2021$376,200
MOTO FINANCE PLC 6.375% 09/01/2020$375,704
BOPARAN FINANCE PLC 5.5% 07/15/2021$374,347
WPX ENERGY INC 6% 01/15/2022$374,000
VIACOM INC 4.375% 03/15/2043$372,907
HSBC HOLDINGS PLC 6.375% 03/30/2025$372,450
GREATBATCH LTD 9.125% 11/01/2023$369,538
CONTINENTAL RESOURCES INC/OK 5% 09/15/2022$363,525
BHP BILLITON FINANCE USA LTD 6.75% 10/19/2075$361,675
CHARTER COMMUNICATIONS OPERATING LLC / C 6.484% 10/23/2045$359,485
HERCULES OFFSH TL IL EXIT (FOR 10.5% 05/06/2020$359,152
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.875% 05/15/2023$357,500
CGG SA 6.5% 06/01/2021$356,000
ENDEAVOR ENERGY RESOURCES LP / EER FINAN 7% 08/15/2021$355,500
VALEANT PHARMACEUTICALS INTERNATIONAL 6.375% 10/15/2020$354,650
WINDSTREAM SERVICES LLC 7.75% 10/15/2020$354,600
TEMPUR SEALY INTERNATIONAL INC 5.625% 10/15/2023$351,900
TIME WARNER CABLE INC 7.3% 07/01/2038$351,688
DUFRY FINANCE SCA 5.5% 10/15/2020$351,292
HCA INC 5.875% 05/01/2023$346,938
AUSDRILL FINANCE PTY LTD 6.875% 11/01/2019$346,750
LANTHEUS MEDICAL IMAGING TL B 7% 07/29/2016$345,493
IHEARTCOMMUNICATIONS INC 14% 02/01/2021$344,158
COVERIS HOLDINGS SA 7.875% 11/01/2019$341,688
LANDRY'S INC 9.375% 05/01/2020$341,656
FRESENIUS MEDICAL CARE US FINANCE II INC 5.875% 01/31/2022$341,388
DS SERVICES OF AMERICA INC 10% 09/01/2021$338,250
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT M 7.5% 07/01/2021$337,750
SM ENERGY CO 5.625% 06/01/2025$337,350
KRAFT HEINZ FOODS CO 7.125% 08/01/2039$337,246
CARRIZO OIL & GAS INC 7.5% 09/15/2020$335,775
ROSE ROCK MIDSTREAM LP / ROSE ROCK FINAN 5.625% 11/15/2023$332,500
T-MOBILE USA INC 6% 03/01/2023$332,400
USG CORP 5.5% 03/01/2025$331,144
L BRANDS INC 6.95% 03/01/2033$329,175
GAMESTOP CORP 5.5% 10/01/2019$327,938
MURRAY ENERGY CORP 11.25% 04/15/2021$324,900
HCA INC 5.25% 04/15/2025$324,725
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 5.45% 06/15/2023$322,102
NBTY INC 7.625% 05/15/2021$321,200
ALCOA INC 5.95% 02/01/2037$319,600
UNITED RENTALS NORTH AMERICA INC 5.875% 09/15/2026$319,200
CONCHO RESOURCES INC 6.5% 01/15/2022$318,913
WHITING PETROLEUM CORP 5.75% 03/15/2021$317,625
TARGA RESOURCES PARTNERS LP / TARGA RESO 5.25% 05/01/2023$313,500
GENWORTH HOLDINGS INC 7.7% 06/15/2020$313,250
ENSCO PLC 5.75% 10/01/2044$312,650
JLL/DELTA DUTCH PLEDGECO BV 8.75% 05/01/2020$310,775
GENESIS ENERGY LP / GENESIS ENERGY FINAN 6% 05/15/2023$310,200
DOWNSTREAM DEVELOPMENT AUTHORITY OF THE 10.5% 07/01/2019$310,000
WILLIAMS COS INC/THE 5.75% 06/24/2044$308,700
FRONTIER COMMUNICATIONS CORP 10.5% 09/15/2022$307,944
LINN ENERGY LLC / LINN ENERGY FINANCE CO 12% 12/15/2020$306,843
VIRGIN MEDIA FINANCE PLC 6% 10/15/2024$305,350
FREEPORT-MCMORAN INC 3.1% 03/15/2020$304,000
ALTICE FINANCING SA 5.25% 02/15/2023$303,752
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT M 5.5% 08/15/2022$302,750
AMERIGAS PARTNERS LP / AMERIGAS FINANCE 5.625% 05/20/2024$302,625
COOPERATIEVE RABOBANK UA 5.25% 08/04/2045$301,318
NCL CORP LTD 4.625% 11/15/2020$300,936
CTP TRANSPORTATION PRODUCTS LLC / CTP FI 8.25% 12/15/2019$300,900
EP ENERGY LLC / EVEREST ACQUISITION FINA 9.375% 05/01/2020$299,250
INTERFACE SECURITY SYSTEMS HOLDINGS INC 9.25% 01/15/2018$298,887
SHEA HOMES LP / SHEA HOMES FUNDING CORP 5.875% 04/01/2023$298,500
PSPC ESCROW CORP 6% 02/01/2023$298,359
PSPC ESCROW CORP 6% 02/01/2023$298,359
MALLINCKRODT INTERNATIONAL FINANCE SA / 4.875% 04/15/2020$295,850
MEG ENERGY CORP 7% 03/31/2024$294,500
STANDARD INDUSTRIES INC/NJ 5.125% 02/15/2021$294,263
STEEL DYNAMICS INC 5.5% 10/01/2024$292,125
HARDWOODS ACQUISITION INC 7.5% 08/01/2021$290,700
HILTON WORLDWIDE FINANCE LLC / HILTON WO 5.625% 10/15/2021$290,000
RICE ENERGY INC 6.25% 05/01/2022$289,275
SPRINT COMMUNICATIONS INC 11.5% 11/15/2021$287,970
EP ENERGY LLC / EVEREST ACQUISITION FINA 6.375% 06/15/2023$284,350
SOUTHWESTERN ENERGY CO 4.95% 01/23/2025$283,938
CENTRAL GARDEN & PET CO 6.125% 11/15/2023$282,150
MICRON TECHNOLOGY INC 5.5% 02/01/2025$282,150
KRAFT HEINZ FOODS CO 4.875% 02/15/2025$282,087
ARGENTINE REPUBLIC 7.625% 04/22/2046$281,450
NELNET STUDENT LOAN TRUST 2005-4 .826% 03/22/2032$281,327
ALTICE US FINANCE I CORP 5.5% 05/15/2026$280,700
TRIBUNE MEDIA CO 5.875% 07/15/2022$280,000
MODULAR SPACE CORP 10.25% 01/31/2019$279,360
REYNOLDS GROUP ISSUER INC / REYNOLDS GRO 9.875% 08/15/2019$279,113
AMAG PHARMACEUTICALS INC 7.875% 09/01/2023$279,000
LEVEL 3 FINANCING INC 5.375% 08/15/2022$278,781
SOUTHWESTERN ENERGY CO 4.1% 03/15/2022$278,225
CELANESE US HOLDINGS LLC 4.625% 11/15/2022$277,550
CHEMOURS CO/THE 6.125% 05/15/2023$274,300
QEP RESOURCES INC 6.875% 03/01/2021$274,050
BARMINCO FINANCE PTY LTD 9% 06/01/2018$272,975
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINAN 7.125% 06/15/2024$271,877
MALLINCKRODT INTERNATIONAL FINANCE SA / 5.625% 10/15/2023$271,513
GREEKTOWN HOLDINGS LLC/GREEKTOWN MOTHERS 8.875% 03/15/2019$271,050
BNP PARIBAS SA 7.375% 08/19/2025$264,668
US CONCRETE INC 6.375% 06/01/2024$260,650
MATCH GROUP INC 6.375% 06/01/2024$260,625
FRESENIUS MEDICAL CARE US FINANCE II INC 4.75% 10/15/2024$259,375
BARCLAYS BANK PLC 7.625% 11/21/2022$258,750
ARCELORMITTAL 6.5% 03/01/2021$258,125
BARCLAYS PLC 8.25% 12/15/2018$255,294
CONSTELLATION BRANDS INC 4.75% 12/01/2025$254,100
MICHAEL BAKER INTERNATIONAL LLC / CDL AC 8.25% 10/15/2018$253,500
LANDRY'S HOLDINGS II INC 10.25% 01/01/2018$253,125
NGPL PIPECO LLC 7.119% 12/15/2017$251,400
AMC ENTERTAINMENT INC 5.75% 06/15/2025$250,000
LAMAR MEDIA CORP 5% 05/01/2023$248,400
VALEANT PHARMACEUTICALS INTERNATIONAL IN 7.5% 07/15/2021$248,325
WALTER INVESTMENT MANAGEMENT CORP 7.875% 12/15/2021$248,125
ROCKIES EXPRESS PIPELINE LLC 7.5% 07/15/2038$247,500
TENET HEALTHCARE CORP 4.375% 10/01/2021$244,388
TRONOX FINANCE LLC 7.5% 03/15/2022$242,875
CNO FINANCIAL GROUP INC 4.5% 05/30/2020$239,200
ALLY FINANCIAL INC 4.625% 05/19/2022$237,350
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 7.25% 05/15/2024$235,894
RANGE RESOURCES CORP 5% 03/15/2023$235,625
MONITRONICS INTERNATIONAL INC 9.125% 04/01/2020$233,800
ALLY FINANCIAL INC 8% 11/01/2031$232,500
UNITYMEDIA HESSEN GMBH & CO KG / UNITYME 5.75% 01/15/2023$228,667
OI BRASIL HOLDINGS COOPERATIEF UA 5.75% 02/10/2022$227,500
JACK COOPER HOLDINGS CORP 9.25% 06/01/2020$226,625
SABINE PASS LIQUEFACTION LLC 5.875% 06/30/2026$226,125
CARMIKE CINEMAS INC 6% 06/15/2023$219,450
GOODYEAR DUNLOP TIRES EUROPE BV 3.75% 12/15/2023$218,989
FREEPORT-MCMORAN INC 5.45% 03/15/2043$218,025
TOLL BROTHERS FINANCE CORP 6.75% 11/01/2019$214,700
COMMUNICATIONS SALES & LEASING INC / CSL 8.25% 10/15/2023$214,070
CEC ENTERTAINMENT INC 8% 02/15/2022$213,950
ARGENTINE REPUBLIC 6.875% 04/22/2021$213,800
LAREDO PETROLEUM INC 7.375% 05/01/2022$211,575
BOPARAN FINANCE PLC 4.375% 07/15/2021$209,924
AMERICAN AXLE & MANUFACTURING INC 6.25% 03/15/2021$208,250
PACIFIC DRILLING V LTD 7.25% 12/01/2017$207,500
PETROBRAS GLOBAL FINANCE BV 6.85% 06/05/2115$206,550
NGPL PIPECO LLC 7.768% 12/15/2037$204,750
RANGE RESOURCES CORP 5% 08/15/2022$198,975
CARRIZO OIL & GAS INC 6.25% 04/15/2023$198,338
ALTICE FINANCING SA 7.5% 05/15/2026$196,500
ANGLO AMERICAN CAPITAL PLC 4.125% 09/27/2022$196,350
WILLIAMS COS INC/THE 3.7% 01/15/2023$195,800
VIRGIN MEDIA SECURED FINANCE PLC 5.5% 08/15/2026$195,000
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.375% 05/01/2025$193,325
NUMERICABLE-SFR SA 6.25% 05/15/2024$192,000
NAVIENT CORP 5.5% 01/15/2019$191,074
NAVIENT CORP 5.875% 03/25/2021$189,624
PQ CORP 6.75% 11/15/2022$188,100
NWH ESCROW CORP 7.5% 08/01/2021$186,250
PANDA TEMPLE POWER II ADVANCE 7.25% 09/30/2016$184,536
ALTICE LUXEMBOURG SA 6.25% 02/15/2025$183,775
CHESAPEAKE ENERGY CORP 6.875% 11/15/2020$182,000
GRAY TELEVISION INC 5.875% 07/15/2026$180,900
CLOUD PEAK ENERGY RESOURCES LLC / CLOUD 6.375% 03/15/2024$177,550
FREEPORT-MCMORAN INC 3.875% 03/15/2023$176,000
SPRINT COMMUNICATIONS INC 6% 11/15/2022$174,218
LIFEPOINT HEALTH INC 5.875% 12/01/2023$172,013
POST HOLDINGS INC 7.75% 03/15/2024$171,081
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.5% 03/01/2023$169,706
EV ENERGY PARTNERS LP / EV ENERGY FINANC 8% 04/15/2019$169,400
PARSLEY ENERGY LLC / PARSLEY FINANCE COR 7.5% 02/15/2022$167,600
GLOBE LUXEMBOURG SCA 9.625% 05/01/2018$167,375
MEG ENERGY CORP 6.5% 03/15/2021$163,800
GOODYEAR TIRE & RUBBER CO/THE 5% 05/31/2026$163,400
WESCO DISTRIBUTION INC 5.375% 06/15/2024$160,400
GENWORTH HOLDINGS INC 4.9% 08/15/2023$159,075
COMM 2015-LC21 MORTGAGE TRUST 3.25% 07/10/2048$157,476
WELLS FARGO COMMERCIAL MORTGAGE TRUST 20 4.62% 12/15/2047$157,188
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 5% 10/01/2021$156,375
FRONTIER COMMUNICATIONS CORP 6.875% 01/15/2025$155,978
NEOVIA LOGISTICS INTERMEDIATE HOLDINGS L 10% 02/15/2018$153,000
SEALED AIR CORP 4.5% 09/15/2023$152,924
WELLS FARGO COMMERCIAL MORTGAGE TRUST 20 3% 05/15/2048$152,064
TAYLOR MORRISON COMMUNITIES INC / MONARC 5.875% 04/15/2023$151,500
RENT-A-CENTER INC/TX 4.75% 05/01/2021$151,200
JPMBB COMMERCIAL MORTGAGE SECURITIES TRU 4.272% 08/15/2048$151,174
HANESBRANDS INC 4.625% 05/15/2024$151,125
CONSTELLATION BRANDS INC 4.75% 11/15/2024$148,050
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.75% 02/01/2022$147,797
MATTERHORN TELECOM SA 3.625% 05/01/2022$146,997
COMMUNICATIONS SALES & LEASING INC / CSL 6% 04/15/2023$142,800
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.125% 06/15/2019$142,100
CONCHO RESOURCES INC 5.5% 04/01/2023$141,050
COMPILER FINANCE SUB INC 7% 05/01/2021$140,250
R&R ICE CREAM PLC 5.5% 05/15/2020$136,120
CIT GROUP INC 5% 08/01/2023$131,300
HANESBRANDS INC 4.875% 05/15/2026$131,118
JPMBB COMMERCIAL MORTGAGE SECURITIES TRU 4.772% 08/15/2048$129,704
CHESAPEAKE ENERGY CORP 5.75% 03/15/2023$129,000
GEO GROUP INC/THE 5.125% 04/01/2023$127,400
TECHNIPLAS LLC 10% 05/01/2020$126,650
ENDO FINANCE LLC / ENDO FINCO INC 5.875% 01/15/2023$126,513
GENERAL MOTORS CO 6.6% 04/01/2036$126,499
GRAPHIC PACKAGING INTERNATIONAL INC 4.875% 11/15/2022$125,100
SABINE PASS LIQUEFACTION LLC 5.625% 03/01/2025$125,000
LGE HOLDCO VI BV 7.125% 05/15/2024$122,905
NCR CORP 6.375% 12/15/2023$117,875
SM ENERGY CO 5% 01/15/2024$111,800
VALEANT PHARMACEUTICALS INTERNATIONAL 7% 10/01/2020$106,500
GUITAR CENTER INC 6.5% 04/15/2019$103,800
WHITING PETROLEUM CORP 6.25% 04/01/2023$99,000
MORGAN STANLEY RESECURITIZATION TRUST 20 .678% 10/26/2046$98,589
CGG SA 6.875% 01/15/2022$88,000
CASCADES INC 5.75% 07/15/2023$87,075
NGPL PIPECO LLC 9.625% 06/01/2019$83,700
MEG ENERGY CORP 6.375% 01/30/2023$81,950
MALLINCKRODT INTERNATIONAL FINANCE SA 4.75% 04/15/2023$81,500
GARDA WORLD SECURITY CORP 7.25% 11/15/2021$81,250
WEATHERFORD INTERNATIONAL LTD 7.75% 06/15/2021$78,200
LAREDO PETROLEUM INC 6.25% 03/15/2023$76,400
COMMSCOPE HOLDING CO INC 6.625% 06/01/2020$75,537
CONTINENTAL RESOURCES INC/OK 4.5% 04/15/2023$75,000
ENSCO PLC 4.7% 03/15/2021$74,895
COMMSCOPE INC 4.375% 06/15/2020$72,275
MALLINCKRODT INTERNATIONAL FINANCE SA / 5.5% 04/15/2025$71,770
ENSCO PLC 5.2% 03/15/2025$69,625
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$68,425
FMG RESOURCES PTY LTD LOAN 4.25% 07/20/2016$65,310
BERRY PETROLEUM CO LLC 6.75% 11/01/2020$63,000
CIT GROUP INC 5.375% 05/15/2020$62,700
TESORO LOGISTICS LP / TESORO LOGISTICS F 6.125% 10/15/2021$62,400
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.875% 04/01/2024$62,400
AES TIETE ENERGIA SA 5.5% 03/15/2024$61,725
TENET HEALTHCARE CORP 4.5% 04/01/2021$60,750
ALCOA INC 5.125% 10/01/2024$60,150
GENERAL MOTORS CO 6.75% 04/01/2046$59,517
ACADIA HEALTHCARE CO INC 5.625% 02/15/2023$59,100
JBS USA LLC / JBS USA FINANCE INC 7.25% 06/01/2021$57,200
CALIFORNIA RESOURCES CORP 6% 11/15/2024$54,175
VALEANT PHARMACEUTICALS INTERNATIONAL 7.25% 07/15/2022$51,762
VIKING CRUISES LTD 8.5% 10/15/2022$51,450
LEVEL 3 FINANCING INC 5.375% 01/15/2024$50,313
CALPINE CORP 5.25% 06/01/2026$50,000
RESOLUTE FOREST PRODUCTS INC 5.875% 05/15/2023$47,550
PULTEGROUP INC 4.25% 03/01/2021$41,440
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENE 7.375% 02/01/2020$38,025
INTERNATIONAL LEASE FINANCE CORP 8.625% 01/15/2022$36,638
DISH DBS CORP 6.75% 06/01/2021$31,163
OPEN TEXT CORP 5.875% 06/01/2026$30,150
AXIALL CORP 4.875% 05/15/2023$20,625
SEVENTY SEVEN ENERGY INC 6.5% 07/15/2022$12,025
ANCESTRY.COM INC 11% 12/15/2020$10,750
CHESAPEAKE ENERGY CORP 5.375% 06/15/2021$6,500
ANTERO RESOURCES CORP 5.125% 12/01/2022$4,825
ESCROW MAGELLAN 9.75% 05/15/2020$0
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$10,130,271
 
Other
Holding NameMarket Value
CURRENCY CONTRACT$382,729
US 2YR NOTE (CBT) BOND SEP16 (TUU6) COMDTY$162,021
CURRENCY CONTRACT$153,193
US 5YR NOTE (CBT) BOND SEP16 (FVU6) COMDTY$135,015
USD$48,379
BRITISH POUND$13,489
CURRENCY CONTRACT$8,403
CURRENCY CONTRACT$3,588
EURO$2,799
SWISS FRANC$2,781
CURRENCY CONTRACT$330
CURRENCY CONTRACT$-1,695
CURRENCY CONTRACT$-2,407
CURRENCY CONTRACT$-3,544
USD$-86,090
All Holdings As of May 31, 2016
Equity
Holding NameMarket Value
GMAC CAPITAL TRUST I$1,123,894
MAGNUM HUNTER RESOURCES CORP$848,291
ALLERGAN PLC$425,709
HERCULES OFFSHORE INC$14,069
 
Fixed Income
Holding NameMarket Value
SPRINT CORP 7.25% 09/15/2021$4,519,175
NAVIENT CORP 4.875% 06/17/2019$2,592,100
DISH DBS CORP 5.875% 07/15/2022$2,546,250
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 4.949% 10/25/2024$2,539,032
HCA INC 5.375% 02/01/2025$2,525,381
FIRST DATA CORP 7% 12/01/2023$2,360,600
CIT GROUP INC 5% 08/15/2022$2,088,419
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 4.5% 05/15/2021$2,065,000
CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022$1,836,829
MIRAN MID-ATLANTIC SERIES C PASS THROUGH 10.06% 12/30/2028$1,834,109
FLEXI-VAN LEASING INC 7.875% 08/15/2018$1,802,550
NEUBERGER BERMAN GROUP LLC / NEUBERGER B 5.875% 03/15/2022$1,772,250
UNITED RENTALS NORTH AMERICA INC 6.125% 06/15/2023$1,753,375
NOVELIS INC 8.75% 12/15/2020$1,735,763
NRG ENERGY INC 6.25% 07/15/2022$1,727,579
PRESTIGE BRANDS INC 5.375% 12/15/2021$1,683,963
INTELSAT JACKSON HOLDINGS SA 8 02/15/2024$1,668,713
WMG ACQUISITION CORP 5.625% 04/15/2022$1,653,356
SPRINT CAPITAL CORP 6.9% 05/01/2019$1,640,625
DOLLAR TREE INC 5.75% 03/01/2023$1,629,019
NUMERICABLE-SFR SA 7.375 05/01/2026$1,626,100
INTELSAT JACKSON HOLDINGS SA 7.5% 04/01/2021$1,599,475
T-MOBILE USA INC 6.633% 04/28/2021$1,582,500
BUILDING MATERIALS CORP OF AMERICA 6% 10/15/2025$1,574,563
MORGAN STANLEY RESECURITIZATION TRUST 2015-R6 0.448% 07/26/2045$1,542,440
ASHTEAD CAPITAL INC 6.5% 07/15/2022$1,538,755
IRON MOUNTAIN EUROPE PLC 6.125% 09/15/2022$1,525,203
TENET HEALTHCARE CORP 6.75% 06/15/2023$1,443,938
CLEAN HARBORS INC 5.25% 08/01/2020$1,443,488
SUMMIT MATERIALS LLC / SUMMIT MATERIALS FINANCE CORP 6.125% 07/15/2023$1,439,250
CONVATEC FINANCE INTERNATIONAL SA 8.25% 01/15/2019$1,421,775
NOMURA RESECURITIZATION TRUST 2015-6R .389% 05/26/2046$1,410,879
SUBURBAN PROPANE PARTNERS LP/SUBURBAN EN 5.5% 06/01/2024$1,361,250
AMERIGAS FINANCE LLC / AMERIGAS FINANCE 7% 05/20/2022$1,334,025
ACADIA HEALTHCARE CO INC 5.125% 07/01/2022$1,333,200
PACTIV LLC 8.375% 04/15/2027$1,332,500
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 4.908 07/23/2025$1,318,016
ENDO FINANCE LLC 5.75% 01/15/2022$1,304,113
1011778 BC ULC / NEW RED FINANCE INC 4.625% 01/15/2022$1,296,068
CHESAPEAKE ENERGY CORP 3.5388% 04/15/2019$1,293,906
CASCADES INC 5.5% 07/15/2022$1,283,800
OASIS PETROLEUM INC 6.875% 01/15/2023$1,265,963
UNITED AIRLINES 2013-1 CLASS B PASS THRO 5.375% 02/15/2023$1,232,219
NEIMAN MARCUS GROUP LTD LLC 9.5% 10/15/2021$1,231,050
FIRST DATA CORP 5% 01/15/2024$1,228,822
VALEANT PHARMACEUTICALS INTERNATIONAL 6.75% 08/15/2021$1,225,725
CHURCHILL DOWNS INC 5.375% 12/15/2021$1,210,950
DJO FINCO INC / DJO FINANCE LLC / DJO FI 8.125% 06/15/2021$1,209,350
BALL CORP 4.375% 12/15/2023$1,206,363
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 4.625% 07/01/2022$1,193,350
R&R PIK PLC 9.25% 05/15/2018$1,192,111
ALTICE FINANCING SA 6.625% 02/15/2023$1,184,425
MALLINCKRODT INTERNATIONAL FINANCE SA / 5.75% 08/01/2022$1,168,500
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 5% 04/15/2022$1,164,794
ENVISION HEALTHCARE CORP 5.125% 07/01/2022$1,158,625
FIRST QUALITY FINANCE CO INC 4.625% 05/15/2021$1,143,000
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.875% 05/15/2023$1,135,650
CONSTELLATION BRANDS INC 6% 05/01/2022$1,133,750
MILACRON LLC / MCRON FINANCE CORP 7.75% 02/15/2021$1,130,588
GEO GROUP INC/THE 6 04/15/2026$1,118,813
PILGRIM'S PRIDE CORP 5.75% 03/15/2025$1,114,443
PINNACLE FOODS FINANCE LLC / PINNACLE FO 4.875% 05/01/2021$1,112,125
JBS USA LLC / JBS USA FINANCE INC 7.25% 06/01/2021$1,097,100
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 6.75% 03/15/2024$1,096,713
KCA DEUTAG UK FINANCE PLC 7.25% 05/15/2021$1,095,000
NUMERICABLE-SFR SAS 5.625% 05/15/2024$1,088,380
INGLES MARKETS INC 5.75% 06/15/2023$1,081,200
HCA HOLDINGS INC 6.25% 02/15/2021$1,075,000
UNIVERSAL HOSPITAL SERVICES INC 7.625% 08/15/2020$1,060,788
APEX TOOL GROUP LLC 7% 02/01/2021$1,060,575
COVANTA HOLDING CORP 6.375% 10/01/2022$1,058,250
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 1.344% 03/25/2037$1,054,213
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.625% 12/01/2021$1,049,750
H&E EQUIPMENT SERVICES INC 7% 09/01/2022$1,045,350
REPERFORMING LOAN REMIC TRUST 2005-R2 8% 06/25/2035$1,044,523
CAPSUGEL SA 7% 05/15/2019$1,034,866
VIASAT INC 6.875% 06/15/2020$1,032,500
LEVEL 3 FINANCING INC 5.625% 02/01/2023$1,025,000
HANESBRANDS FINANCE LUXEMBOURG SCA 3.5 06/15/2024$1,021,513
ESH HOSPITALITY INC 5.25% 05/01/2025$1,018,875
RITE AID CORP 6.125% 04/01/2023$1,018,800
OPEN TEXT CORP 5.625% 01/15/2023$1,012,500
WEST CORP 5.375% 07/15/2022$1,008,713
NCR CORP 5.875% 12/15/2021$1,008,563
MGP ESCROW ISSUER LLC / MGP ESCROW CO-ISSUER INC 5.625 05/01/2024$1,005,138
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 3.286% 12/15/2019$1,005,000
TENET HEALTHCARE CORP 8.125% 04/01/2022$991,025
COGENT COMMUNICATIONS GROUP INC 5.375% 03/01/2022$989,800
CITIGROUP INC 5.95% 05/15/2025$988,750
BLUELINE RENTAL FINANCE CORP 7% 02/01/2019$986,000
WORLDPAY FINANCE PLC 3.75% 11/15/2022$963,903
ARDAGH FINANCE HOLDINGS SA 8.625 06/15/2019$962,550
QUICKEN LOANS INC 5.75% 05/01/2025$962,025
SBA COMMUNICATIONS CORP 4.875% 07/15/2022$960,969
SIMMONS FOODS INC 7.875% 10/01/2021$958,125
HD SUPPLY INC 5.75 04/15/2024$953,888
CEDAR FAIR LP / CANADA'S WONDERLAND CO / 5.375% 06/01/2024$950,950
HUNTINGTON INGALLS INDUSTRIES INC 5% 12/15/2021$950,625
SINCLAIR TELEVISION GROUP INC 5.375% 04/01/2021$950,456
DARLING GLOBAL FINANCE BV 4.75% 05/30/2022$949,321
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENE 7.375% 02/01/2020$948,813
SABINE PASS LIQUEFACTION LLC 5.625% 04/15/2023$943,950
TERRAFORM POWER OPERATING LLC 5.875% 02/01/2023$934,500
NRG YIELD OPERATING LLC 5.375% 08/15/2024$933,638
HUB INTERNATIONAL LTD 7.875% 10/01/2021$933,375
CITGO PETROLEUM CORP 6.25% 08/15/2022$931,200
HCA INC 5.875% 02/15/2026$923,375
AMSURG CORP 5.625% 07/15/2022$921,969
OASIS PETROLEUM INC 6.875% 03/15/2022$920,375
AURIS LUXEMBOURG II SA 8% 01/15/2023$917,936
DBP HOLDING CORP 7.75% 10/15/2020$911,625
ALLY FINANCIAL INC 7.5% 09/15/2020$908,863
SPRINT COMMUNICATIONS INC 8.375% 08/15/2017$902,344
WATCO COS LLC / WATCO FINANCE CORP 6.375% 04/01/2023$900,000
CARLSON TRAVEL HOLDINGS INC 7.5% 08/15/2019$894,700
AMERICAN BUILDERS & CONTRACTORS SUPPLY CO INC 5.75% 12/15/2023$891,338
DH SERVICES LUXEMBOURG SARL 7.75% 12/15/2020$891,000
VIRGIN MEDIA FINANCE PLC 7% 04/15/2023$889,649
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 6.75 05/15/2024$884,139
ZF NORTH AMERICA CAPITAL INC 4.5% 04/29/2022$883,094
JAGUAR HOLDING CO II / PHARMACEUTICAL PR 6.375% 08/01/2023$880,210
MEDIACOM BROADBAND LLC / MEDIACOM BROADB 5.5% 04/15/2021$878,688
TEMPUR SEALY INTERNATIONAL INC 5.5 06/15/2026$876,525
HOMEVI SAS 6.875% 08/15/2021$874,403
TELECOM ITALIA SPA 5.303% 05/30/2024$869,142
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL & GAS INC 6.875 02/15/2023$860,200
AMERICAN AIRLINES 2013-2 CLASS B PASS TH 5.6% 01/15/2022$858,974
CTR PARTNERSHIP LP / CARETRUST CAPITAL C 5.875% 06/01/2021$854,700
MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP 6.375% 03/01/2024$854,625
CHEMOURS CO/THE 6.125% 05/15/2023 6.125 05/15/2023$850,871
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 7.25 05/15/2024$850,750
WOODSIDE HOMES CO LLC / WOODSIDE HOMES F 6.75% 12/15/2021$841,500
ARDAGH PACKAGING FINANCE PLC 9.125% 10/15/2020$839,400
CENTENE ESCROW CORP 5.625% 02/15/2021$839,213
VWR FUNDING INC 4.625% 04/15/2022$836,012
DENALI BORROWER LLC / DENALI FINANCE COR 5.625% 10/15/2020$832,660
NAVIOS MARITIME ACQUISITION CORP / NAVIO 8.125% 11/15/2021$823,200
WINDSTREAM SERVICES LLC 7.5% 04/01/2023$817,500
PLASTIPAK HOLDINGS INC 6.5% 10/01/2021$809,531
NEW COTAI LLC / NEW COTAI CAPITAL CORP 10.625% 05/01/2019$809,060
FIRST QUANTUM MINERALS LTD 7.25% 05/15/2022$804,650
CAESARS ENTERTAINMENT RESORT PROPERTIES 8% 10/01/2020$799,875
IRON MOUNTAIN INC 6% 10/01/2020$793,125
INTREPID AVIATION GROUP HOLDINGS LLC / I 6.875% 02/15/2019$789,838
NATURAL RESOURCE PARTNERS LP / NRP FINAN 9.125% 10/01/2018$787,750
ALTICE LUXEMBOURG SA 7.25% 05/15/2022$783,966
AMERICAN BUILDERS & CONTRACTORS SUPPLY C 5.625% 04/15/2021$781,875
CENTURYLINK INC 5.625% 04/01/2020$781,850
RENT-A-CENTER INC/TX 6.625% 11/15/2020$781,625
SPECTRUM BRANDS INC 6.625% 11/15/2022$781,560
ARDAGH PACKAGING FINANCE PLC / ARDAGH HO 4.25% 01/15/2022$779,314
GUITAR CENTER INC 9.625% 04/15/2020$773,800
FRESENIUS MEDICAL CARE US FINANCE II INC 5.875% 01/31/2022$773,500
SANCHEZ ENERGY CORP 7.75% 06/15/2021$770,000
CENTURYLINK INC 5.625% 04/01/2025$764,325
AERCAP IRELAND CAPITAL LTD / AERCAP GLOB 5% 10/01/2021$761,250
TELENET FINANCE V LUXEMBOURG SCA 6.25% 08/15/2022$760,657
PORTAVENTURA ENTERTAINMENT BARCELONA BV 7.25% 12/01/2020$760,023
BRUNSWICK CORP/DE 4.625% 05/15/2021$755,625
ARQIVA BROADCAST FINANCE PLC 9.5% 03/31/2020$754,301
PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC 9.25 05/15/2023$754,200
POST HOLDINGS INC 6% 12/15/2022$752,456
SEALED AIR CORP 4.5% 09/15/2023$751,761
ENCORE CREDIT RECEIVABLES TRUST 2005-3 1.1165% 10/25/2035$750,885
SHELF DRILLING HOLDINGS LTD 8.625% 11/01/2018$742,500
MPLX LP 4.875% 12/01/2024$738,708
COMMSCOPE INC 5.5% 06/15/2024$733,156
CBC AMMO LLC / CBC FINCO INC 7.25% 11/15/2021$731,000
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 5.75 02/15/2026$729,525
ELDORADO GOLD CORP 6.125% 12/15/2020$727,650
TESORO LOGISTICS LP / TESORO LOGISTICS FINANCE CORP 6.375 05/01/2024$719,325
PHI INC 5.25% 03/15/2019$717,488
VOUGEOT BIDCO PLC 7.875% 07/15/2020$713,944
PARTY CITY HOLDINGS INC 6.125% 08/15/2023$712,375
DAVITA HEALTHCARE PARTNERS INC 5.125% 07/15/2024$710,763
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.125% 05/01/2023$710,500
COMMSCOPE INC 5% 06/15/2021$708,031
BIOSCRIP INC 8.875% 02/15/2021$705,500
WAMU MORTGAGE PASS-THROUGH CERTIFICATES .679% 11/25/2045$702,881
CENTURY INTERMEDIATE HOLDING CO 2 9.75% 02/15/2019$701,213
BAYTEX ENERGY CORP 5.125% 06/01/2021$700,900
AES CORP/VA 6 05/15/2026$700,350
TECK RESOURCES LTD 8.5 06/01/2024$698,700
FRONTIER COMMUNICATIONS CORP 7.625% 04/15/2024$696,688
MPH ACQUISITION HOLDINGS LLC 7.125 06/01/2024$690,100
ZIGGO BOND FINANCE BV 4.625% 01/15/2025$682,506
HEALTHSOUTH CORP 5.125% 03/15/2023$681,100
VEREIT OPERATING PARTNERSHIP LP 4.875 06/01/2026$680,794
NUMERICABLE-SFR SAS 6% 05/15/2022$679,490
JONES ENERGY HOLDINGS LLC / JONES ENERGY 6.75% 04/01/2022$676,200
MURRAY ENERGY CORP TL B2 1L 7.5% 06/30/2016$674,830
WILLIAMS COS INC/THE 7.5% 01/15/2031$661,625
MDC PARTNERS INC 6.5 05/01/2024$661,300
GOODYEAR TIRE & RUBBER CO/THE 7% 05/15/2022$659,783
HERCULES OFFSH TL IL EXIT (FOR 10.5% 06/30/2016$659,313
GULFPORT ENERGY CORP 6.625% 05/01/2023$656,688
CSMC SERIES 2015-8R 4.5% 06/27/2036$654,959
ROCKIES EXPRESS PIPELINE LLC 6.875% 04/15/2040$654,640
1011778 BC ULC / NEW RED FINANCE INC 6% 04/01/2022$654,413
LAREDO PETROLEUM INC 5.625% 01/15/2022$653,300
NEPTUNE FINCO CORP 6.625% 10/15/2025$653,011
ZF NORTH AMERICA CAPITAL INC 4.75% 04/29/2025$652,438
CNO FINANCIAL GROUP INC 5.25% 05/30/2025$652,050
UNIVISION COMMUNICATIONS INC 5.125% 05/15/2023$649,013
DENBURY RESOURCES INC 5.5% 05/01/2022$647,075
BEVERAGES & MORE INC 10% 11/15/2018$646,625
GFL ENVIRONMENTAL INC 9.875 02/01/2021$643,500
SUN PRODUCTS CORP/THE 7.75% 03/15/2021$641,850
MICHAEL BAKER HOLDINGS LLC / MICAHEL BAK 8.875% 04/15/2019$640,371
IMS HEALTH INC 4.125% 04/01/2023$633,842
TA MFG. LTD 3.625% 04/15/2023$631,037
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.375% 03/15/2020$630,125
AES CORP/VA 5.5 04/15/2025$628,425
T-MOBILE USA INC 6 04/15/2024$626,760
TRIONISTA TOPCO GMBH 6.875% 04/30/2021$623,170
TRONOX FINANCE LLC 6.375% 08/15/2020$620,000
UNIVISION COMMUNICATIONS INC 6.75% 09/15/2022$619,491
SCIENTIFIC GAMES INTERNATIONAL INC 7% 01/01/2022$614,075
SHEA HOMES LP / SHEA HOMES FUNDING CORP 6.125% 04/01/2025$613,050
VEREIT OPERATING PARTNERSHIP LP 4.6 02/06/2024$611,806
RANGE RESOURCES CORP 4.875 05/15/2025$603,250
BANK OF AMERICA CORP 6.5% 10/23/2024$602,063
NETFLIX INC 5.875% 02/15/2025$599,925
TPF II LC LLC NEW TLB/TENASKA 5.5% 06/30/2016$599,823
IASIS HEALTHCARE LLC / IASIS CAPITAL COR 8.375% 05/15/2019$598,300
UNIVISION COMMUNICATIONS INC 5.125% 02/15/2025$597,000
FORUM ENERGY TECHNOLOGIES INC 6.25% 10/01/2021$596,900
UNITYMEDIA HESSEN GMBH & CO KG / UNITYME 5.625% 04/15/2023$595,335
GROUP 1 AUTOMOTIVE INC 5.25% 12/15/2023$594,000
HCA INC 5.25 06/15/2026$592,250
CLIFFS NATURAL RESOURCES INC 8.25% 03/31/2020$591,938
EXAMWORKS GROUP INC 5.625% 04/15/2023$591,938
ENERGIZER HOLDINGS INC 5.5% 06/15/2025$587,568
RED OAK POWER LLC 9.2% 11/30/2029$582,400
CONTINENTAL RESOURCES INC/OK 4.9 06/01/2044$579,250
INTERFACE SECURITY SYSTEMS HOLDINGS INC 9.25% 01/15/2018$578,938
GREYSTAR REAL ESTATE PARTNERS LLC 8.25% 12/01/2022$574,750
CALUMET SPECIALTY PRODUCTS PARTNERS LP / 6.5% 04/15/2021$573,750
FRONTIER COMMUNICATIONS CORP 11% 09/15/2025$571,900
NRG ENERGY INC 7.25 05/15/2026$569,288
CENTENE ESCROW CORP 6.125% 02/15/2024$564,762
PULTEGROUP INC 5.5% 03/01/2026$563,409
T-MOBILE USA INC 6.5% 01/15/2026$562,463
ALTICE US FINANCE I CORP 5.5 05/15/2026$562,375
DAVITA HEALTHCARE PARTNERS INC 5% 05/01/2025$561,469
VWR FUNDING INC 4.625% 04/15/2022$561,082
TESORO LOGISTICS LP / TESORO LOGISTICS FINANCE CORP 5.5 10/15/2019$559,075
LIFEPOINT HEALTH INC 5.375 05/01/2024$558,469
MPLX LP 4.875% 06/01/2025$550,843
SPRINT COMMUNICATIONS INC 7% 08/15/2020$550,733
XPO LOGISTICS INC 6.5% 06/15/2022$550,050
LAMAR MEDIA CORP 5.75% 02/01/2026$548,600
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 6.02 06/15/2026$546,880
SPECTRUM BRANDS INC 5.75% 07/15/2025$546,000
TENET HEALTHCARE CORP 4.75% 06/01/2020$544,906
GOODYEAR TIRE & RUBBER CO/THE 5.125% 11/15/2023$544,575
HOLDING MEDI-PARTENAIRES SAS 7% 05/15/2020$544,532
ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSON'S INC / ALBERTSON'S LLC 6.625 06/15/2024$543,913
LEVI STRAUSS & CO 5% 05/01/2025$543,375
ROCKIES EXPRESS PIPELINE LLC 5.625% 04/15/2020$541,925
MGM RESORTS INTERNATIONAL 6.625% 12/15/2021$541,875
L BRANDS INC 6.875 11/01/2035$540,600
OPE KAG FINANCE SUB INC 7.875% 07/31/2023$535,300
HEALTHSOUTH CORP 5.75% 11/01/2024$534,844
GLP CAPITAL LP / GLP FINANCING II INC 5.375 04/15/2026$532,950
SERVICE CORP INTERNATIONAL/US 5.375% 05/15/2024$530,400
DYNEGY INC 6.75% 11/01/2019$528,938
ALLIANCE ONE INTERNATIONAL INC 9.875% 07/15/2021$528,750
CALIFORNIA RESOURCES CORP 5.5% 09/15/2021$525,925
FRONTIER COMMUNICATIONS CORP 7.125% 01/15/2023$525,038
LEVEL 3 FINANCING INC 6.125% 01/15/2021$523,750
WILLIAM LYON HOMES INC 8.5 11/15/2020$522,500
WILLIAM CARTER CO/THE 5.25% 08/15/2021$520,000
MONITRONICS INTERNATIONAL INC 9.125% 04/01/2020$519,750
KLOECKNER PENTAPLAST OF AMERICA INC 7.125% 11/01/2020$518,977
STEEL DYNAMICS INC 5.125% 10/01/2021$517,312
VISTA OUTDOOR INC 5.875% 10/01/2023$514,549
DPX HOLDINGS BV 7.5% 02/01/2022$514,375
NCL CORP LTD 5.25% 11/15/2019$512,500
AUSDRILL FINANCE PTY LTD 6.875% 11/01/2019$511,850
CARROLS RESTAURANT GROUP INC 8% 05/01/2022$510,538
CALPINE CORP 5.5% 02/01/2024$510,399
T-MOBILE USA INC 6.464% 04/28/2019$510,313
VALEANT PHARMACEUTICALS INTERNATIONAL IN 5.5% 03/01/2023$509,350
GOLDMAN SACHS GROUP INC/THE 5.15% 05/22/2045$506,230
LIFEPOINT HEALTH INC 5.5% 12/01/2021$505,613
HUDBAY MINERALS INC 9.5% 10/01/2020$505,175
TAYLOR MORRISON COMMUNITIES INC / MONARC 5.25% 04/15/2021$503,750
ANGLO AMERICAN CAPITAL PLC 4.875 05/14/2025$496,800
LEVEL 3 FINANCING INC 5.125% 05/01/2023$494,288
FIDELITY & GUARANTY LIFE HOLDINGS INC 6.375% 04/01/2021$492,450
INOVYN FINANCE PLC 6.25 05/15/2021$491,496
ANTERO RESOURCES CORP 5.625 06/01/2023$490,000
CSC HOLDINGS LLC 5.25% 06/01/2024$487,350
STANDARD INDUSTRIES INC/NJ 5.5% 02/15/2023$486,450
BAYVIEW FINANCIAL ASSET TRUST 2007-SSR1 .999% 03/25/2037$486,186
CALATLANTIC GROUP INC 5.25 06/01/2026$484,794
WESCO DISTRIBUTION INC 5.375% 12/15/2021$484,100
SALLY HOLDINGS LLC / SALLY CAPITAL INC 5.625% 12/01/2025$483,575
NRG REMA LLC 9.681% 07/02/2026$480,625
CALUMET SPECIALTY PRODUCTS PARTNERS LP / CALUMET FINANCE CORP 11.5 01/15/2021$479,600
JACK COOPER HOLDINGS CORP 10.25% 06/01/2020$478,800
TEINE ENERGY LTD 6.875% 09/30/2022$475,300
UNITED RENTALS NORTH AMERICA INC 5.5% 07/15/2025$472,800
TMS INTERNATIONAL CORP 7.625% 10/15/2021$472,350
MATTERHORN TELECOM SA 3.875% 05/01/2022$469,258
PLANTRONICS INC 5.5% 05/31/2023$468,825
CAROLINA BEVERAGE GROUP LLC / CAROLINA B 10.625% 08/01/2018$467,950
RSP PERMIAN INC 6.625 10/01/2022$466,875
EP ENERGY LLC / EVEREST ACQUISITION FINA 9.375% 05/01/2020$466,200
ABN AMRO BANK NV 4.75% 07/28/2025$465,194
TMX FINANCE LLC / TITLEMAX FINANCE CORP 8.5% 09/15/2018$465,000
BLUESCOPE STEEL FINANCE LTD/BLUESCOPE STEEL FINANCE USA LLC 6.5 05/15/2021$463,500
ACTIVISION BLIZZARD INC 5.625% 09/15/2021$463,100
LMI AEROSPACE INC 7.375% 07/15/2019$461,250
CHESAPEAKE ENERGY CORP 4.875% 04/15/2022$453,750
EAGLE SPINCO INC 4.625% 02/15/2021$452,813
GRIFOLS WORLDWIDE OPERATIONS LTD 5.25% 04/01/2022$452,100
NELNET STUDENT LOAN TRUST 2008-3 1.979% 11/25/2024$451,828
ARCELORMITTAL 6.125% 06/01/2025$450,800
NBTY INC 7.625 05/15/2021$449,900
FRONTIER COMMUNICATIONS CORP 10.5% 09/15/2022$449,350
GEO GROUP INC/THE 5.875% 10/15/2024$447,150
CHOCTAW RESORT DEVELOPMENT ENTERPRISE 7.25% 11/15/2019$439,493
BOPARAN FINANCE PLC 5.5% 07/15/2021$435,664
VIRGIN MEDIA FINANCE PLC 4.875% 02/15/2022$435,000
SLM STUDENT LOAN TRUST 2008-5 1.995% 07/25/2023$424,270
ECO SERVICES OPERATIONS LLC/ECO FINANCE 8.5% 11/01/2022$423,550
MASTR ASSET BACKED SECURITIES TRUST 2006 .489% 12/25/2035$421,387
TECK RESOURCES LTD 8 06/01/2021$419,225
FIRST DATA CORP 5.75% 01/15/2024$416,556
BLUE RACER MIDSTREAM LLC / BLUE RACER FI 6.125% 11/15/2022$416,300
MOTO FINANCE PLC 6.375% 09/01/2020$413,029
VIKING CRUISES LTD 6.25% 05/15/2025$412,100
ANGLO AMERICAN CAPITAL PLC 3.5% 03/28/2022$410,751
SPEEDWAY MOTORSPORTS INC 5.125% 02/01/2023$410,000
ALLY FINANCIAL INC 5.125% 09/30/2024$408,825
CENGAGE LEARNING INC 9.5 06/15/2024$406,000
PRIDE INTERNATIONAL INC 7.875 08/15/2040$404,593
TECK RESOURCES LTD 3 03/01/2019$404,250
IMMUCOR INC 11.125% 08/15/2019$402,600
AMERICAN AXLE & MANUFACTURING INC 6.625% 10/15/2022$401,375
WHITING PETROLEUM CORP 5.75% 03/15/2021$400,675
CIT GROUP INC 5.5% 02/15/2019$398,050
UNITED RENTALS NORTH AMERICA INC 5.875 09/15/2026$396,000
CREDIT AGRICOLE SA 8.125% 12/23/2025$395,504
SIG COMBIBLOC HOLDINGS SCA 7.75% 02/15/2023$394,186
ANTERO RESOURCES CORP 5.375 11/01/2021$392,000
TRANSDIGM INC 6.375 06/15/2026$390,975
ANGLO AMERICAN CAPITAL PLC 1.75% 04/03/2018$390,745
FLORIDA EAST COAST HOLDINGS CORP 6.75% 05/01/2019$390,000
CHENIERE CORPUS CHRISTI HOLDINGS LLC 7 06/30/2024$389,975
BARMINCO FINANCE PTY LTD 9% 06/01/2018$389,813
COEUR MINING INC 7.875% 02/01/2021$389,647
CROWNROCK LP / CROWNROCK FINANCE INC 7.75% 02/15/2023$387,575
PRECISION DRILLING CORP 6.5% 12/15/2021$387,000
BWAY HOLDING CO 9.125% 08/15/2021$387,000
HSBC HOLDINGS PLC 6.375% 09/17/2024$386,425
RICE ENERGY INC 7.25% 05/01/2023$385,700
FMG RESOURCES AUGUST 2006 PTY LTD 9.75% 03/01/2022$385,200
WPX ENERGY INC 8.25% 08/01/2023$383,175
TENNECO INC 5.375 12/15/2024$380,038
GIBSON BRANDS INC 8.875% 08/01/2018$378,075
IHEARTCOMMUNICATIONS INC 14% 02/01/2021$377,387
HSBC HOLDINGS PLC 6.375% 03/30/2025$374,400
PANDA TEMPLE POWER TERM LOAN 03/15 7.25% 06/30/2016$374,220
GREATBATCH LTD 9.125% 11/01/2023$373,700
GAMESTOP CORP 6.75 03/15/2021$372,400
GENERAL MOTORS CO 5.2% 04/01/2045$371,059
DAVITA HEALTHCARE PARTNERS INC 5.75% 08/15/2022$367,938
VALEANT PHARMACEUTICALS INTERNATIONAL 6.375% 10/15/2020$366,950
FREEPORT-MCMORAN INC 3.55 03/01/2022$362,275
MURPHY OIL USA INC 6% 08/15/2023$354,450
TEMPUR SEALY INTERNATIONAL INC 5.625 10/15/2023$354,025
BHP BILLITON FINANCE USA LTD 6.75% 10/19/2075$353,090
VIACOM INC 4.375% 03/15/2043$353,050
ENDEAVOR ENERGY RESOURCES LP / EER FINANCE INC 7 08/15/2021$352,800
DUFRY FINANCE SCA 5.5% 10/15/2020$350,934
COMMUNICATIONS SALES & LEASING INC / CSL CAPITAL LLC 8.25% 10/15/2023$350,575
CHESAPEAKE ENERGY CORP 5.75 03/15/2023$350,550
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.625 05/15/2023$350,000
LANTHEUS MEDICAL IMAGING TL B 7% 06/30/2016$346,432
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 6.484 10/23/2045$345,707
HCA INC 5.875% 05/01/2023$344,906
COVERIS HOLDINGS SA 7.875% 11/01/2019$344,750
CGG SA 6.5% 06/01/2021$344,000
LANDRY'S INC 9.375% 05/01/2020$341,656
DS SERVICES OF AMERICA INC 10% 09/01/2021$340,500
CALPINE CORP 5.25 06/01/2026$340,425
WINDSTREAM SERVICES LLC 7.75% 10/15/2020$338,400
TIME WARNER CABLE INC 7.3% 07/01/2038$338,139
SM ENERGY CO 5.625% 06/01/2025$337,350
T-MOBILE USA INC 6% 03/01/2023$334,800
L BRANDS INC 6.95% 03/01/2033$334,125
CARRIZO OIL & GAS INC 7.5% 09/15/2020$332,475
UNITED STATES STEEL CORP 8.375 07/01/2021$331,200
CTP TRANSPORTATION PRODUCTS LLC / CTP FI 8.25% 12/15/2019$329,800
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT MIDSTREAM FINANCE CORP 7.5% 07/01/2021$326,375
GAMESTOP CORP 5.5% 10/01/2019$322,163
CONCHO RESOURCES INC 6.5% 01/15/2022$321,625
HCA INC 5.25% 04/15/2025$320,075
KRAFT HEINZ FOODS CO 7.125% 08/01/2039$318,146
ROSE ROCK MIDSTREAM LP / ROSE ROCK FINANCE CORP 5.625% 11/15/2023$317,300
VIRGIN MEDIA FINANCE PLC 6% 10/15/2024$315,813
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.45 06/15/2023$315,670
PSPC ESCROW CORP 6% 02/01/2023$313,684
PSPC ESCROW CORP 6% 02/01/2023$313,684
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 5.25% 05/01/2023$311,850
ALTICE FINANCING SA 5.25% 02/15/2023$311,118
JLL/DELTA DUTCH PLEDGECO BV 9.5% 05/01/2020$310,000
GENWORTH HOLDINGS INC 7.7% 06/15/2020$309,750
NCL CORP LTD 4.625% 11/15/2020$307,500
GENESIS ENERGY LP / GENESIS ENERGY FINAN 6% 05/15/2023$305,250
NEIMAN MARCUS GROUP LTD LLC 8 10/15/2021$304,000
ENSCO PLC 5.75 10/01/2044$303,550
SHEA HOMES LP / SHEA HOMES FUNDING CORP 5.875% 04/01/2023$303,000
BERRY PETROLEUM CO LLC 6.375% 09/15/2022$301,840
ALCOA INC 5.95% 02/01/2037$300,904
DOWNSTREAM DEVELOPMENT AUTHORITY OF THE 10.5% 07/01/2019$300,800
COOPERATIEVE CENTRALE RAIFFEISEN-BOERENL 5.25% 08/04/2045$298,853
MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC 4.875% 04/15/2020$297,375
STANDARD INDUSTRIES INC/NJ 5.125% 02/15/2021$297,113
WILLIAMS COS INC/THE 5.75 06/24/2044$295,200
MODULAR SPACE CORP 10.25% 01/31/2019$295,200
MEG ENERGY CORP 7% 03/31/2024$294,500
STEEL DYNAMICS INC 5.5% 10/01/2024$293,607
FREEPORT-MCMORAN INC 3.1 03/15/2020$293,400
HILTON WORLDWIDE FINANCE LLC / HILTON WO 5.625% 10/15/2021$290,235
WALTER INVESTMENT MANAGEMENT CORP 7.875% 12/15/2021$290,000
OI SA 5.75% 02/10/2022$289,800
SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT MIDSTREAM FINANCE CORP 5.5% 08/15/2022$288,750
RICE ENERGY INC 6.25% 05/01/2022$287,100
TRIBUNE MEDIA CO 5.875 07/15/2022$284,200
CSC HOLDINGS LLC 6.75% 11/15/2021$283,388
CENTRAL GARDEN & PET CO 6.125% 11/15/2023$281,475
HARDWOODS ACQUISITION INC 7.5% 08/01/2021$281,200
KRAFT HEINZ FOODS CO 4.875% 02/15/2025$280,969
LEVEL 3 FINANCING INC 5.375% 08/15/2022$280,156
MICRON TECHNOLOGY INC 5.5% 02/01/2025$278,025
NELNET STUDENT LOAN TRUST 2005-4 0.4992% 03/22/2032$275,125
AMAG PHARMACEUTICALS INC 7.875% 09/01/2023$274,350
MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC 5.625% 10/15/2023$274,050
GREEKTOWN HOLDINGS LLC/GREEKTOWN MOTHERS 8.875% 03/15/2019$273,650
QEP RESOURCES INC 6.875% 03/01/2021$272,700
BNP PARIBAS SA 7.375% 08/19/2025$269,663
SPRINT COMMUNICATIONS INC 11.5% 11/15/2021$268,250
CELANESE US HOLDINGS LLC 4.625% 11/15/2022$267,800
ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 7.625 04/22/2046$266,500
BARCLAYS PLC 8.25% 12/15/2018$265,858
BARCLAYS BANK PLC 7.625% 11/21/2022$262,350
FRESENIUS MEDICAL CARE US FINANCE II INC 4.75% 10/15/2024$260,938
US CONCRETE INC 6.375 06/01/2024$260,650
ARCELORMITTAL 6.25% 03/01/2021$260,000
MICHAEL BAKER INTERNATIONAL LLC / CDL ACQUISITION CO INC 8.25 10/15/2018$260,000
ANGLO AMERICAN CAPITAL PLC 3.625 05/14/2020$257,850
ROCKIES EXPRESS PIPELINE LLC 7.5% 07/15/2038$257,500
MATCH GROUP INC 6.375 06/01/2024$255,625
VALEANT PHARMACEUTICALS INTERNATIONAL INC 7.5% 07/15/2021$254,800
SOUTHWESTERN ENERGY CO 4.1 03/15/2022$254,200
LANDRY'S HOLDINGS II INC 10.25% 01/01/2018$253,125
CONSTELLATION BRANDS INC 4.75% 12/01/2025$252,300
NGPL PIPECO LLC 7.119% 12/15/2017$252,300
TRONOX FINANCE LLC 7.5% 03/15/2022$251,250
LAMAR MEDIA CORP 5% 05/01/2023$250,200
AMC ENTERTAINMENT INC 5.75% 06/15/2025$249,375
SOUTHWESTERN ENERGY CO 4.95 01/23/2025$248,538
LINN ENERGY LLC / LINN ENERGY FINANCE CORP 12% 12/15/2020$247,240
USG CORP 5.5% 03/01/2025$245,238
TENET HEALTHCARE CORP 4.375% 10/01/2021$244,388
EP ENERGY LLC / EVEREST ACQUISITION FINA 6.375% 06/15/2023$242,050
SM ENERGY CO 5% 01/15/2024$240,831
ALLY FINANCIAL INC 4.625% 05/19/2022$238,819
CNO FINANCIAL GROUP INC 4.5% 05/30/2020$238,050
NGPL PIPECO LLC 7.768 12/15/2037$237,000
EMPIRE TODAY LLC / EMPIRE TODAY FINANCE 11.375% 02/01/2017$236,400
ALLY FINANCIAL INC 8% 11/01/2031$236,000
UNITYMEDIA HESSEN GMBH & CO KG / UNITYME 5.75% 01/15/2023$233,333
CARMIKE CINEMAS INC 6% 06/15/2023$222,600
MURRAY ENERGY CORP 11.25% 04/15/2021$222,300
GOODYEAR DUNLOP TIRES EUROPE BV 3.75 12/15/2023$220,813
BOPARAN FINANCE PLC 4.375 07/15/2021$218,148
BOYD GAMING CORP 6.375 04/01/2026$217,350
TOLL BROTHERS FINANCE CORP 6.75% 11/01/2019$214,700
LAREDO PETROLEUM INC 7.375 05/01/2022$212,363
PACIFIC DRILLING V LTD 7.25% 12/01/2017$210,000
ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 6.875 04/22/2021$210,000
AMERICAN AXLE & MANUFACTURING INC 6.25% 03/15/2021$208,750
CEC ENTERTAINMENT INC 8% 02/15/2022$208,450
WPX ENERGY INC 6 01/15/2022$208,150
JBS USA LLC / JBS USA FINANCE INC 7.25 06/01/2021$207,000
FREEPORT-MCMORAN INC 5.45 03/15/2043$205,116
VIRGIN MEDIA SECURED FINANCE PLC 5.5 08/15/2026$202,500
CARRIZO OIL & GAS INC 6.25% 04/15/2023$201,413
ALTICE FINANCING SA 7.5 05/15/2026$200,000
WHITING PETROLEUM CORP 6.25% 04/01/2023$199,200
RANGE RESOURCES CORP 5 08/15/2022$198,188
NUMERICABLE-SFR SAS 6.25% 05/15/2024$195,250
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL 5.375% 05/01/2025$193,325
ANGLO AMERICAN CAPITAL PLC 4.125 09/27/2022$192,150
NAVIENT CORP 5.5% 01/15/2019$190,713
NAVIENT CORP 5.875% 03/25/2021$188,750
ALTICE LUXEMBOURG SA 6.25 02/15/2025$188,511
PQ CORP 6.75 11/15/2022$188,100
WILLIAMS COS INC/THE 3.7 01/15/2023$186,450
PETROBRAS GLOBAL FINANCE BV 6.85% 06/05/2115$186,300
CLOUD PEAK ENERGY RESOURCES LLC / CLOUD 6.375% 03/15/2024$185,500
NWH ESCROW CORP 7.5% 08/01/2021$180,000
PANDA TEMPLE POWER II ADVANCE 7.25% 06/30/2016$178,000
ROYAL BANK OF SCOTLAND GROUP PLC 7.648% 09/30/2029$177,375
CHESAPEAKE ENERGY CORP 6.875 11/15/2020$171,600
COMMSCOPE HOLDING CO INC 7.375% 06/01/2020$170,977
LIFEPOINT HEALTH INC 5.875% 12/01/2023$170,775
PARSLEY ENERGY LLC / PARSLEY FINANCE COR 7.5% 02/15/2022$169,800
POST HOLDINGS INC 7.75% 03/15/2024$169,144
MEG ENERGY CORP 6.5% 03/15/2021$166,425
SPRINT COMMUNICATIONS INC 6% 11/15/2022$166,100
FREEPORT-MCMORAN INC 3.875 03/15/2023$165,500
GOODYEAR TIRE & RUBBER CO/THE 5 05/31/2026$162,200
GLOBE LUXEMBOURG SCA 9.625% 05/01/2018$161,500
COMM 2015-LC21 MORTGAGE TRUST 3.25% 07/10/2048$158,791
WELLS FARGO COMMERCIAL MORTGAGE TRUST 20 4.62% 12/15/2047$157,743
RESOLUTE FOREST PRODUCTS INC 5.875% 05/15/2023$156,713
COMPILER FINANCE SUB INC 7% 05/01/2021$155,100
GENWORTH HOLDINGS INC 4.9% 08/15/2023$154,875
FRONTIER COMMUNICATIONS CORP 6.875% 01/15/2025$154,706
SEALED AIR CORP 4.5% 09/15/2023$153,904
NEOVIA LOGISTICS INTERMEDIATE HOLDINGS LLC / LOGISTICS INTERMEDIATE FINANCE CORP 10 02/15/2018$153,000
PERFORMANCE FOOD GROUP INC 5.5 06/01/2024$152,250
TAYLOR MORRISON COMMUNITIES INC / MONARC 5.875% 04/15/2023$151,875
JPMBB COMMERCIAL MORTGAGE SECURITIES TRU 4.273% 08/15/2048$151,608
HANESBRANDS INC 4.625 05/15/2024$150,750
AMERIGAS FINANCE LLC / AMERIGAS FINANCE 6.75% 05/20/2020$150,619
RENT-A-CENTER INC/TX 4.75% 05/01/2021$150,300
EV ENERGY PARTNERS LP / EV ENERGY FINANCE CORP 8% 04/15/2019$149,800
R&R ICE CREAM PLC 5.5% 05/15/2020$149,053
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-C28 3% 05/15/2048$148,933
CONSTELLATION BRANDS INC 4.75% 11/15/2024$147,875
KRONOS ACQUISITION HOLDINGS INC 9% 08/15/2023$145,875
MATTERHORN TELECOM SA 3.625% 05/01/2022$143,360
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL 6.75% 02/01/2022$141,375
CONCHO RESOURCES INC 5.5 04/01/2023$140,700
FREEPORT-MCMORAN OIL & GAS LLC / FCX OIL & GAS INC 6.125 06/15/2019$138,600
CENTURYLINK INC 5.8% 03/15/2022$135,625
CIT GROUP INC 5% 08/01/2023$132,925
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C31 4.772724% 08/15/2048$130,885
HANESBRANDS INC 4.875 05/15/2026$130,813
PINNACLE ENTERTAINMENT INC 5.625 05/01/2024$127,400
GENERAL MOTORS CO 6.6% 04/01/2036$126,490
ENDO FINANCE LLC / ENDO FINCO INC 5.375% 01/15/2023$125,788
SABINE PASS LIQUEFACTION LLC 5.625% 03/01/2025$125,469
GRAPHIC PACKAGING INTERNATIONAL INC 4.875 11/15/2022$124,200
LGE HOLDCO VI BV 7.125% 05/15/2024$123,098
TECHNIPLAS LLC 10% 05/01/2020$119,850
NCR CORP 6.375% 12/15/2023$117,390
STONE ENERGY CORP 7.5% 11/15/2022$116,325
SM ENERGY CO 6.125% 11/15/2022$110,400
VALEANT PHARMACEUTICALS INTERNATIONAL 7 10/01/2020$108,900
GUITAR CENTER INC 6.5 04/15/2019$107,100
VALEANT PHARMACEUTICALS INTERNATIONAL IN 6.125% 04/15/2025$100,650
MORGAN STANLEY RESECURITIZATION TRUST 20 .424% 10/26/2046$96,436
SANCHEZ ENERGY CORP 6.125% 01/15/2023$94,250
WESTERN DIGITAL CORP 10.5 04/01/2024$93,375
PARSLEY ENERGY LLC / PARSLEY FINANCE CORP 6.25 06/01/2024$92,025
CASCADES INC 5.75 07/15/2023$87,300
CGG SA 6.875% 01/15/2022$86,000
MEG ENERGY CORP 6.375% 01/30/2023$84,700
MALLINCKRODT INTERNATIONAL FINANCE SA 4.75% 04/15/2023$82,875
GARDA WORLD SECURITY CORP 7.25% 11/15/2021$81,750
MICRON TECHNOLOGY INC 5.25% 08/01/2023$76,725
LAREDO PETROLEUM INC 6.25% 03/15/2023$76,000
CONTINENTAL RESOURCES INC/OK 4.5 04/15/2023$73,250
FMG RESOURCES PTY LTD LOAN 4.25% 06/20/2016$72,626
MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC 5.5% 04/15/2025$72,600
COMMSCOPE INC 4.375% 06/15/2020$72,275
ENSCO PLC 4.7% 03/15/2021$70,763
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5 04/15/2018$68,425
ENSCO PLC 5.2% 03/15/2025$66,575
CIT GROUP INC 5.375% 05/15/2020$63,000
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 5.875% 04/01/2024$62,700
TESORO LOGISTICS LP / TESORO LOGISTICS FINANCE CORP 6.125 10/15/2021$62,250
ACADIA HEALTHCARE CO INC 5.625% 02/15/2023$61,275
AES CORP/VA 5.5% 03/15/2024$60,881
TENET HEALTHCARE CORP 4.5% 04/01/2021$60,675
CALIFORNIA RESOURCES CORP 6% 11/15/2024$59,813
GENERAL MOTORS CO 6.75% 04/01/2046$58,786
ALCOA INC 5.125 10/01/2024$58,181
VALEANT PHARMACEUTICALS INTERNATIONAL 7.25% 07/15/2022$52,830
LEVEL 3 FINANCING INC 5.375 01/15/2024$51,010
CONTINENTAL RESOURCES INC/OK 5% 09/15/2022$47,500
BERRY PETROLEUM CO LLC 6.75 11/01/2020$44,100
PULTEGROUP INC 4.25% 03/01/2021$41,050
INTERNATIONAL LEASE FINANCE CORP 8.625% 01/15/2022$36,488
SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENE 7.375% 02/01/2020$36,338
DISH DBS CORP 6.75% 06/01/2021$31,149
OPEN TEXT CORP 5.875 06/01/2026$30,150
AXIALL CORP 4.875% 05/15/2023$20,075
SEVENTY SEVEN ENERGY INC 6.5% 07/15/2022$11,100
ANCESTRY.COM INC 11% 12/15/2020$10,850
NRG ENERGY INC 6.625% 03/15/2023$9,975
CHESAPEAKE ENERGY CORP 5.375 06/15/2021$6,275
ANTERO RESOURCES CORP 5.125 12/01/2022$4,813
ESCROW MAGELLAN 9.75% 05/15/2020 9.75 05/15/2020$0
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$11,271,668
 
Other
Holding NameMarket Value
CURRENCY CONTRACT$781,179
USD$99,934
EURO$35,396
CURRENCY CONTRACT$17,462
BRITISH POUND$8,327
US 2YR NOTE (CBT) BOND SEP16 (TUU6) COMDTY$7,036
CURRENCY CONTRACT$6,383
CURRENCY CONTRACT$5,909
SWISS FRANC$2,735
US 5YR NOTE (CBT) BOND SEP16 (FVU6) COMDTY$1,775
CURRENCY CONTRACT$-2,930
USD$-283,199
 

Statistics

Duration and Maturity As of May 31, 2016
StatisticValue
Average Effective Duration4.34 years
Average Effective Maturity5.76 years
Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
BetaN/AN/A
AlphaN/AN/A
Standard DeviationN/AN/A
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, financial highlights, investment objectives and strategies, risks and performance information. The prospectus contains this and other information about the investment company. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You can obtain a prospectus, statement of additional information and other information about the Vantagepoint Funds online at www.icmarc.org/vpprospectus, by calling 800-669-7400 or emailing investorservices@icmarc.org. The Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.