|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
|
|
or Shares
|
|
|
Security
|
|
|
|
|
|
|
Value
|
|
|
|
CORPORATE BONDS-88.2%
|
|
|
|
|
|
|
|
|
|
|
Aerospace/Defense-.6%
|
|
|
|
|
|
|
|
$
3,725
|
M
|
|
Meccanica Holdings USA, Inc., 6.25%,
7/15/2019
|
|
|
|
|
(a)
|
|
$ 3,867,217
|
|
|
|
Automotive-2.9%
|
|
|
|
|
|
|
|
|
|
|
American Axle & Manufacturing, Inc.:
|
|
|
|
|
|
|
|
2,350
|
M
|
|
6.25%, 3/15/2021
|
|
|
|
|
|
|
2,508,625
|
1,950
|
M
|
|
6.625%, 10/15/2022
|
|
|
|
|
|
|
2,062,125
|
2,825
|
M
|
|
Cooper-Standard Automotive, Inc., 8.5%, 5/1/2018
|
|
|
|
|
|
|
3,005,094
|
|
|
|
General Motors Financial Co., Inc.:
|
|
|
|
|
|
|
|
575
|
M
|
|
3.25%, 5/15/2018
|
|
|
|
|
(a)
|
|
576,437
|
175
|
M
|
|
4.25%, 5/15/2023
|
|
|
|
|
(a)
|
|
166,906
|
3,300
|
M
|
|
Gestamp Funding Luxembourg SA, 5.625%, 5/31/2020
|
|
|
|
|
(a)
|
|
3,374,250
|
900
|
M
|
|
Goodyear Tire & Rubber Co., 8.25%, 8/15/2020
|
|
|
|
|
|
|
1,010,250
|
625
|
M
|
|
Jaguar Land Rover Automotive, PLC, 8.125%, 5/15/2021
|
|
|
|
|
(a)
|
|
714,063
|
2,400
|
M
|
|
Oshkosh Corp., 8.5%, 3/1/2020
|
|
|
|
|
|
|
2,664,000
|
|
|
|
Schaeffler Finance BV:
|
|
|
|
|
|
|
|
1,900
|
M
|
|
8.5%, 2/15/2019
|
|
|
|
|
(a)
|
|
2,147,000
|
2,050
|
M
|
|
4.75%, 5/15/2021
|
|
|
|
|
(a)
|
|
2,055,125
|
|
|
|
|
|
|
|
|
|
|
20,283,875
|
|
|
|
Building Materials-1.7%
|
|
|
|
|
|
|
|
|
|
|
Building Materials Corp.:
|
|
|
|
|
|
|
|
3,625
|
M
|
|
6.875%, 8/15/2018
|
|
|
|
|
(a)
|
|
3,869,687
|
1,700
|
M
|
|
7.5%, 3/15/2020
|
|
|
|
|
(a)
|
|
1,844,500
|
1,325
|
M
|
|
Cemex Finance, LLC, 9.375%, 10/12/2022
|
|
|
|
|
(a)
|
|
1,500,562
|
|
|
|
Cemex SAB de CV:
|
|
|
|
|
|
|
|
1,350
|
M
|
|
9.5%, 6/15/2018
|
|
|
|
|
(a)
|
|
1,539,000
|
525
|
M
|
|
5.875%, 3/25/2019
|
|
|
|
|
(a)
|
|
527,625
|
400
|
M
|
|
6.5%, 12/10/2019
|
|
|
|
|
(a)
|
|
414,200
|
2,150
|
M
|
|
Texas Industries, Inc., 9.25%,
8/15/2020
|
|
|
|
|
|
|
2,405,313
|
|
|
|
|
|
|
|
|
|
|
12,100,887
|
|
|
|
Chemicals-1.9%
|
|
|
|
|
|
|
|
2,950
|
M
|
|
Ferro Corp., 7.875%, 8/15/2018
|
|
|
|
|
|
|
3,127,000
|
1,625
|
M
|
|
Huntsman International, LLC, 8.625%, 3/15/2020
|
|
|
|
|
|
|
1,805,781
|
1,125
|
M
|
|
LSB
Industries, Inc., 7.75%, 8/1/2019
|
|
|
|
|
(a)
|
|
1,186,875
|
2,575
|
M
|
|
Orion Engineered Carbon Bondco GmbH, 9.625%, 6/15/2018
|
|
|
|
|
(a)
|
|
2,858,250
|
4,175
|
M
|
|
TPC Group, Inc., 8.75%, 12/15/2020
|
|
|
|
|
(a)
|
|
4,456,813
|
|
|
|
|
|
|
|
|
|
|
13,434,719
|
|
|
|
Consumer Non-Durables-2.6%
|
|
|
|
|
|
|
|
2,200
|
M
|
|
Hanesbrands, Inc., 6.375%, 12/15/2020
|
|
|
|
|
|
|
2,414,500
|
|
|
|
Levi Strauss & Co.:
|
|
|
|
|
|
|
|
925
|
M
|
|
7.625%, 5/15/2020
|
|
|
|
|
|
|
1,019,813
|
2,625
|
M
|
|
6.875%, 5/1/2022
|
|
|
|
|
|
|
2,900,625
|
1,017
|
M
|
|
Libbey Glass, Inc., 6.875%, 5/15/2020
|
|
|
|
|
|
|
1,103,445
|
3,025
|
M
|
|
Phillips Van-Heusen Corp., 7.375%, 5/15/2020
|
|
|
|
|
|
|
3,346,406
|
|
|
|
Reynolds Group Issuer, Inc.:
|
|
|
|
|
|
|
|
1,250
|
M
|
|
7.125%, 4/15/2019
|
|
|
|
|
|
|
1,337,500
|
3,600
|
M
|
|
5.75%, 10/15/2020
|
|
|
|
|
|
|
3,690,000
|
|
|
|
Spectrum Brands Escrow Corp.:
|
|
|
|
|
|
|
|
925
|
M
|
|
6.375%, 11/15/2020
|
|
|
|
|
(a)
|
|
989,750
|
1,075
|
M
|
|
6.625%, 11/15/2022
|
|
|
|
|
(a)
|
|
1,146,219
|
|
|
|
|
|
|
|
|
|
|
17,948,258
|
|
|
|
Energy-15.5%
|
|
|
|
|
|
|
|
|
|
|
AmeriGas Finance, LLC:
|
|
|
|
|
|
|
|
500
|
M
|
|
6.75%, 5/20/2020
|
|
|
|
|
|
|
548,750
|
1,250
|
M
|
|
7%, 5/20/2022
|
|
|
|
|
|
|
1,362,500
|
|
|
|
Antero Resources Finance Corp.:
|
|
|
|
|
|
|
|
675
|
M
|
|
6%, 12/1/2020
|
|
|
|
|
|
|
712,125
|
950
|
M
|
|
5.375%, 11/1/2021
|
|
|
|
|
(a)
|
|
960,094
|
|
|
|
Atlas Pipeline Partners, LP:
|
|
|
|
|
|
|
|
2,225
|
M
|
|
4.75%, 11/15/2021
|
|
|
|
|
(a)
|
|
2,047,000
|
4,000
|
M
|
|
5.875%, 8/1/2023
|
|
|
|
|
(a)
|
|
3,830,000
|
|
|
|
Basic Energy Services, Inc.:
|
|
|
|
|
|
|
|
1,025
|
M
|
|
7.75%, 2/15/2019
|
|
|
|
|
|
|
1,076,250
|
2,100
|
M
|
|
7.75%, 10/15/2022
|
|
|
|
|
|
|
2,178,750
|
|
|
|
Berry Petroleum Co.:
|
|
|
|
|
|
|
|
675
|
M
|
|
6.75%, 11/1/2020
|
|
|
|
|
|
|
703,687
|
2,275
|
M
|
|
6.375%, 9/15/2022
|
|
|
|
|
|
|
2,326,187
|
|
|
|
Calumet Specialty Products Partners, LP:
|
|
|
|
|
|
|
|
2,650
|
M
|
|
9.625%, 8/1/2020
|
|
|
|
|
|
|
2,987,875
|
525
|
M
|
|
7.625%, 1/15/2022
|
|
|
|
|
(a)
|
|
531,562
|
|
|
|
Chesapeake Energy Corp.:
|
|
|
|
|
|
|
|
2,025
|
M
|
|
7.25%, 12/15/2018
|
|
|
|
|
|
|
2,349,000
|
800
|
M
|
|
6.625%, 8/15/2020
|
|
|
|
|
|
|
898,000
|
2,000
|
M
|
|
6.875%, 11/15/2020
|
|
|
|
|
|
|
2,270,000
|
1,325
|
M
|
|
5.75%, 3/15/2023
|
|
|
|
|
|
|
1,371,375
|
875
|
M
|
|
Concho Resources, Inc., 5.5%, 4/1/2023
|
|
|
|
|
|
|
905,625
|
|
|
|
Consol Energy, Inc.:
|
|
|
|
|
|
|
|
1,225
|
M
|
|
8%, 4/1/2017
|
|
|
|
|
|
|
1,295,437
|
4,250
|
M
|
|
8.25%, 4/1/2020
|
|
|
|
|
|
|
4,621,875
|
1,700
|
M
|
|
Crestwood Midstream Partners, LP, 6%, 12/15/2020
|
|
|
|
|
|
|
1,759,500
|
3,675
|
M
|
|
Eagle Rock Energy Partners, LP, 8.375%, 6/1/2019
|
|
|
|
|
|
|
4,024,125
|
2,750
|
M
|
|
El
Paso Corp., 6.5%, 9/15/2020
|
|
|
|
|
|
|
2,962,635
|
2,075
|
M
|
|
Energy XXI Gulf Coast, Inc., 7.5%, 12/15/2021
|
|
|
|
|
(a)
|
|
2,173,562
|
3,126
|
M
|
|
Expro Finance Luxembourg SCA, 8.5%, 12/15/2016
|
|
|
|
|
(a)
|
|
3,274,485
|
1,375
|
M
|
|
Forum Energy Technologies, Inc., 6.25%, 10/1/2021
|
|
|
|
|
(a)
|
|
1,450,625
|
3,375
|
M
|
|
Genesis Energy, LP, 7.875%, 12/15/2018
|
|
|
|
|
|
|
3,653,437
|
1,125
|
M
|
|
Gibson Energy, Inc., 6.75%, 7/15/2021
|
|
|
|
|
(a)
|
|
1,195,313
|
|
|
|
Kinder Morgan, Inc.:
|
|
|
|
|
|
|
|
650
|
M
|
|
5%, 2/15/2021
|
|
|
|
|
(a)
|
|
643,491
|
1,650
|
M
|
|
5.625%, 11/15/2023
|
|
|
|
|
(a)
|
|
1,605,841
|
|
|
|
Legacy Reserves, LP:
|
|
|
|
|
|
|
|
3,175
|
M
|
|
8%, 12/1/2020
|
|
|
|
|
(a)
|
|
3,317,875
|
1,500
|
M
|
|
6.625%, 12/1/2021
|
|
|
|
|
(a)
|
|
1,458,750
|
|
|
|
Linn Energy, LLC:
|
|
|
|
|
|
|
|
625
|
M
|
|
6.5%, 5/15/2019
|
|
|
|
|
|
|
640,625
|
1,850
|
M
|
|
7%, 11/1/2019
|
|
|
|
|
(a)
|
|
1,877,750
|
1,225
|
M
|
|
8.625%, 4/15/2020
|
|
|
|
|
|
|
1,329,125
|
1,975
|
M
|
|
7.75%, 2/1/2021
|
|
|
|
|
|
|
2,098,438
|
3,025
|
M
|
|
Memorial Production Partners, LP, 7.625%, 5/1/2021
|
|
|
|
|
(a)
|
|
3,123,313
|
|
|
|
Newfield Exploration Co.:
|
|
|
|
|
|
|
|
450
|
M
|
|
7.125%, 5/15/2018
|
|
|
|
|
|
|
468,450
|
1,100
|
M
|
|
5.75%, 1/30/2022
|
|
|
|
|
|
|
1,138,500
|
1,375
|
M
|
|
NuStar Logistics, LP, 6.75%, 2/1/2021
|
|
|
|
|
|
|
1,425,760
|
|
|
|
Offshore Group Investment, Ltd.:
|
|
|
|
|
|
|
|
1,875
|
M
|
|
7.5%, 11/1/2019
|
|
|
|
|
|
|
2,048,438
|
1,075
|
M
|
|
7.125%, 4/1/2023
|
|
|
|
|
|
|
1,101,875
|
1,675
|
M
|
|
Pacific Drilling SA, 5.375%, 6/1/2020
|
|
|
|
|
(a)
|
|
1,691,750
|
|
|
|
Penn Virginia Resource Partners, LP:
|
|
|
|
|
|
|
|
2,200
|
M
|
|
8.25%, 4/15/2018
|
|
|
|
|
|
|
2,343,000
|
715
|
M
|
|
8.375%, 6/1/2020
|
|
|
|
|
|
|
791,863
|
2,125
|
M
|
|
PetroLogistics, LP, 6.25%, 4/1/2020
|
|
|
|
|
(a)
|
|
2,140,938
|
700
|
M
|
|
Plains Exploration & Production Co., 6.125%, 6/15/2019
|
|
|
|
|
|
|
766,024
|
4,000
|
M
|
|
Rain CII Carbon, LLC, 8.25%, 1/15/2021
|
|
|
|
|
(a)
|
|
4,100,000
|
1,865
|
M
|
|
RKI
Exploration and Production, LLC, 8.5%, 8/1/2021
|
|
|
|
|
(a)
|
|
1,972,238
|
3,750
|
M
|
|
Sabine Pass Liquefaction, 6.25%, 3/15/2022
|
|
|
|
|
(a)
|
|
3,726,563
|
1,575
|
M
|
|
Samson Investment Co., 10.5%, 2/15/2020
|
|
|
|
|
(a)
|
|
1,724,625
|
2,450
|
M
|
|
SandRidge Energy, Inc., 7.5%, 2/15/2023
|
|
|
|
|
|
|
2,499,000
|
|
|
|
SM
Energy Co.:
|
|
|
|
|
|
|
|
600
|
M
|
|
6.625%, 2/15/2019
|
|
|
|
|
|
|
640,500
|
1,175
|
M
|
|
6.5%, 11/15/2021
|
|
|
|
|
|
|
1,251,375
|
1,150
|
M
|
|
6.5%, 1/1/2023
|
|
|
|
|
|
|
1,211,813
|
|
|
|
Suburban Propane Partners, LP:
|
|
|
|
|
|
|
|
2,089
|
M
|
|
7.5%, 10/1/2018
|
|
|
|
|
|
|
2,250,898
|
433
|
M
|
|
7.375%, 8/1/2021
|
|
|
|
|
|
|
474,135
|
600
|
M
|
|
Ultra Petroleum Corp., 5.75%, 12/15/2018
|
|
|
|
|
(a)
|
|
618,000
|
2,875
|
M
|
|
Unit Corp., 6.625%, 5/15/2021
|
|
|
|
|
|
|
3,047,500
|
|
|
|
|
|
|
|
|
|
|
106,998,227
|
|
|
|
Financials-3.9%
|
|
|
|
|
|
|
|
|
|
|
Algeco Scotsman Global Finance, PLC:
|
|
|
|
|
|
|
|
1,650
|
M
|
|
8.5%, 10/15/2018
|
|
|
|
|
(a)
|
|
1,794,375
|
800
|
M
|
|
10.75%, 10/15/2019
|
|
|
|
|
(a)
|
|
848,000
|
|
|
|
Ally Financial, Inc.:
|
|
|
|
|
|
|
|
4,300
|
M
|
|
6.25%, 12/1/2017
|
|
|
|
|
|
|
4,810,625
|
1,350
|
M
|
|
4.75%, 9/10/2018
|
|
|
|
|
|
|
1,417,500
|
4,525
|
M
|
|
8%, 3/15/2020
|
|
|
|
|
|
|
5,446,969
|
|
|
|
International Lease Finance Corp.:
|
|
|
|
|
|
|
|
4,775
|
M
|
|
8.75%, 3/15/2017
|
|
|
|
|
|
|
5,646,438
|
825
|
M
|
|
6.25%, 5/15/2019
|
|
|
|
|
|
|
897,188
|
4,450
|
M
|
|
8.25%, 12/15/2020
|
|
|
|
|
|
|
5,217,625
|
900
|
M
|
|
Nielsen Co., (Luxembourg) Sarl, 5.5%,
10/1/2021
|
|
|
|
|
(a)
|
|
915,750
|
|
|
|
|
|
|
|
|
|
|
26,994,470
|
|
|
|
Food/Beverage/Tobacco-1.5%
|
|
|
|
|
|
|
|
2,100
|
M
|
|
B&G
Foods, Inc., 4.625%, 6/1/2021
|
|
|
|
|
|
|
2,021,250
|
1,550
|
M
|
|
Barry Callebaut Services SA, 5.5%, 6/15/2023
|
|
|
|
|
(a)
|
|
1,588,750
|
1,650
|
M
|
|
Chiquita Brands International, Inc., 7.875%, 2/1/2021
|
|
|
|
|
(a)
|
|
1,790,250
|
1,875
|
M
|
|
Darling Escrow Corp., 5.375%, 1/15/2022
|
|
|
|
|
(a)
|
(e)
|
1,891,406
|
1,000
|
M
|
|
JBS
Investments GmbH, 7.75%, 10/28/2020
|
|
|
|
|
(a)
|
|
1,015,000
|
1,700
|
M
|
|
JBS USA, LLC, 7.25%, 6/1/2021
|
|
|
|
|
(a)
|
|
1,776,500
|
|
|
|
|
|
|
|
|
|
|
10,083,156
|
|
|
|
Food/Drug-1.4%
|
|
|
|
|
|
|
|
2,900
|
M
|
|
BI-LO, LLC, 8.625%, 9/15/2018
|
|
|
|
|
(a)
|
|
3,045,000
|
3,600
|
M
|
|
NBTY, Inc., 9%, 10/1/2018
|
|
|
|
|
|
|
3,964,500
|
2,275
|
M
|
|
Tops Holding Corp., 8.875%, 12/15/2017
|
|
|
|
|
(a)
|
|
2,511,031
|
|
|
|
|
|
|
|
|
|
|
9,520,531
|
|
|
|
Forest Products/Containers-2.9%
|
|
|
|
|
|
|
|
2,675
|
M
|
|
Ardagh Packaging Finance, PLC, 7.375%, 10/15/2017
|
|
|
|
|
(a)
|
|
2,888,094
|
|
|
|
Ball Corp.:
|
|
|
|
|
|
|
|
1,500
|
M
|
|
7.375%, 9/1/2019
|
|
|
|
|
|
|
1,627,500
|
1,050
|
M
|
|
4%, 11/15/2023
|
|
|
|
|
|
|
945,000
|
3,525
|
M
|
|
Clearwater Paper Corp., 7.125%, 11/1/2018
|
|
|
|
|
|
|
3,780,562
|
1,925
|
M
|
|
CROWN Americas, LLC, 4.5%, 1/15/2023
|
|
|
|
|
|
|
1,809,500
|
2,200
|
M
|
|
Greif, Inc., 7.75%, 8/1/2019
|
|
|
|
|
|
|
2,508,000
|
|
|
|
Sealed Air Corp.:
|
|
|
|
|
|
|
|
1,500
|
M
|
|
8.125%, 9/15/2019
|
|
|
|
|
(a)
|
|
1,691,250
|
1,250
|
M
|
|
8.375%, 9/15/2021
|
|
|
|
|
(a)
|
|
1,425,000
|
3,170
|
M
|
|
Tekni-Plex, Inc., 9.75%, 6/1/2019
|
|
|
|
|
(a)
|
|
3,613,800
|
|
|
|
|
|
|
|
|
|
|
20,288,706
|
|
|
|
Gaming/Leisure-1.3%
|
|
|
|
|
|
|
|
|
|
|
GLP
Capital, LP:
|
|
|
|
|
|
|
|
275
|
M
|
|
4.375%, 11/1/2018
|
|
|
|
|
(a)
|
|
281,875
|
575
|
M
|
|
4.875%, 11/1/2020
|
|
|
|
|
(a)
|
|
576,437
|
1,150
|
M
|
|
5.375%, 11/1/2023
|
|
|
|
|
(a)
|
|
1,135,625
|
1,350
|
M
|
|
Hilton Worldwide Finance, LLC, 5.625%, 10/15/2021
|
|
|
|
|
(a)
|
|
1,403,156
|
700
|
M
|
|
Nai
Entertainment Holdings, LLC, 5%, 8/1/2018
|
|
|
|
|
(a)
|
|
726,250
|
3,325
|
M
|
|
National CineMedia, LLC, 7.875%, 7/15/2021
|
|
|
|
|
|
|
3,674,125
|
1,350
|
M
|
|
Six Flags Entertainment Corp., 5.25%,
1/15/2021
|
|
|
|
|
(a)
|
|
1,323,000
|
|
|
|
|
|
|
|
|
|
|
9,120,468
|
|
|
|
Health Care-6.0%
|
|
|
|
|
|
|
|
|
|
|
Aviv Healthcare Properties, LP:
|
|
|
|
|
|
|
|
850
|
M
|
|
7.75%, 2/15/2019
|
|
|
|
|
|
|
918,000
|
825
|
M
|
|
6%, 10/15/2021
|
|
|
|
|
(a)
|
|
843,562
|
3,249
|
M
|
|
Biomet, Inc., 6.5%, 8/1/2020
|
|
|
|
|
|
|
3,427,695
|
|
|
|
Community Health Systems, Inc.:
|
|
|
|
|
|
|
|
1,625
|
M
|
|
5.125%, 8/15/2018
|
|
|
|
|
|
|
1,681,875
|
1,275
|
M
|
|
8%, 11/15/2019
|
|
|
|
|
|
|
1,389,750
|
2,425
|
M
|
|
7.125%, 7/15/2020
|
|
|
|
|
|
|
2,518,969
|
1,950
|
M
|
|
DaVita, Inc., 6.375%, 11/1/2018
|
|
|
|
|
|
|
2,051,156
|
1,550
|
M
|
|
Endo Finance Co., 5.75%, 1/15/2022
|
|
|
|
|
(a)
|
|
1,561,625
|
1,150
|
M
|
|
Fresenius Medical Care US Finance II, Inc., 5.625%, 7/31/2019
|
|
|
|
|
(a)
|
|
1,247,750
|
4,400
|
M
|
|
Genesis Health Ventures, Inc., 9.75%, 6/15/2005
|
|
|
|
|
(b)
|
(c)
|
-
|
|
|
|
HCA, Inc.:
|
|
|
|
|
|
|
|
2,075
|
M
|
|
8%, 10/1/2018
|
|
|
|
|
|
|
2,456,281
|
1,100
|
M
|
|
8.5%, 4/15/2019
|
|
|
|
|
|
|
1,168,750
|
1,375
|
M
|
|
6.5%, 2/15/2020
|
|
|
|
|
|
|
1,514,219
|
475
|
M
|
|
7.25%, 9/15/2020
|
|
|
|
|
|
|
518,938
|
1,225
|
M
|
|
6.25%, 2/15/2021
|
|
|
|
|
|
|
1,284,719
|
1,950
|
M
|
|
7.75%, 5/15/2021
|
|
|
|
|
|
|
2,135,250
|
1,525
|
M
|
|
7.5%, 2/15/2022
|
|
|
|
|
|
|
1,677,500
|
|
|
|
HealthSouth Corp.:
|
|
|
|
|
|
|
|
977
|
M
|
|
8.125%, 2/15/2020
|
|
|
|
|
|
|
1,075,921
|
847
|
M
|
|
7.75%, 9/15/2022
|
|
|
|
|
|
|
931,700
|
650
|
M
|
|
LifePoint Hospitals, Inc., 5.5%, 12/1/2021
|
|
|
|
|
(a)
|
|
654,063
|
3,450
|
M
|
|
Tenet Healthcare Corp., 6.75%, 2/1/2020
|
|
|
|
|
|
|
3,549,188
|
2,500
|
M
|
|
Universal Hospital Services, Inc., 7.625%, 8/15/2020
|
|
|
|
|
|
|
2,650,000
|
|
|
|
Valeant Pharmaceuticals International, Inc.:
|
|
|
|
|
|
|
|
3,750
|
M
|
|
6.375%, 10/15/2020
|
|
|
|
|
(a)
|
|
3,970,313
|
1,300
|
M
|
|
5.625%, 12/1/2021
|
|
|
|
|
(a)
|
|
1,309,750
|
1,100
|
M
|
|
WellCare Health Plans, Inc., 5.75%,
11/15/2020
|
|
|
|
|
|
|
1,130,250
|
|
|
|
|
|
|
|
|
|
|
41,667,224
|
|
|
|
Information Technology-3.2%
|
|
|
|
|
|
|
|
|
|
|
Activision Blizzard, Inc.:
|
|
|
|
|
|
|
|
1,075
|
M
|
|
5.625%, 9/15/2021
|
|
|
|
|
(a)
|
|
1,115,312
|
500
|
M
|
|
6.125%, 9/15/2023
|
|
|
|
|
(a)
|
|
522,500
|
2,450
|
M
|
|
Advanced Micro Devices, Inc., 7.5%, 8/15/2022
|
|
|
|
|
|
|
2,388,750
|
|
|
|
Audatex North America, Inc.:
|
|
|
|
|
|
|
|
2,375
|
M
|
|
6%, 6/15/2021
|
|
|
|
|
(a)
|
|
2,499,687
|
875
|
M
|
|
6.125%, 11/1/2023
|
|
|
|
|
(a)
|
|
905,625
|
1,475
|
M
|
|
CyrusOne, LP, 6.375%, 11/15/2022
|
|
|
|
|
|
|
1,534,000
|
1,725
|
M
|
|
Denali Borrower, LLC, 5.625%, 10/15/2020
|
|
|
|
|
(a)
|
|
1,714,219
|
2,025
|
M
|
|
Equinix, Inc., 7%, 7/15/2021
|
|
|
|
|
|
|
2,219,906
|
3,175
|
M
|
|
Healthcare Technology Intermediate, Inc., 7.375%, 9/1/2018
|
|
|
|
|
(a)
|
|
3,317,875
|
1,400
|
M
|
|
IAC/InterActiveCorp,
4.875%, 11/30/2018
|
|
|
|
|
(a)
|
|
1,438,500
|
1,825
|
M
|
|
Lender Processing Services, Inc., 5.75%, 4/15/2023
|
|
|
|
|
|
|
1,898,000
|
2,100
|
M
|
|
MEMC Electronic Materials, Inc., 7.75%,
4/1/2019
|
|
|
|
|
|
|
2,257,500
|
|
|
|
|
|
|
|
|
|
|
21,811,874
|
|
|
|
Manufacturing-4.2%
|
|
|
|
|
|
|
|
1,550
|
M
|
|
Amsted Industries, 8.125%, 3/15/2018
|
|
|
|
|
(a)
|
|
1,637,187
|
|
|
|
Bombardier, Inc.:
|
|
|
|
|
|
|
|
2,425
|
M
|
|
7.5%, 3/15/2018
|
|
|
|
|
(a)
|
|
2,770,562
|
2,575
|
M
|
|
7.75%, 3/15/2020
|
|
|
|
|
(a)
|
|
2,935,500
|
2,150
|
M
|
|
6.125%, 1/15/2023
|
|
|
|
|
(a)
|
|
2,144,625
|
1,775
|
M
|
|
Brand Energy & Infrastructure Services, Inc., 8.5%, 12/1/2021
|
|
|
|
|
(a)
|
|
1,808,281
|
3,850
|
M
|
|
Case New Holland, Inc., 7.875%, 12/1/2017
|
|
|
|
|
|
|
4,562,250
|
2,450
|
M
|
|
Dematic SA, 7.75%, 12/15/2020
|
|
|
|
|
(a)
|
|
2,615,375
|
1,550
|
M
|
|
EDP
Finance BV, 6%, 2/2/2018
|
|
|
|
|
(a)
|
|
1,667,800
|
2,150
|
M
|
|
H&E
Equipment Services, Inc., 7%, 9/1/2022
|
|
|
|
|
|
|
2,354,250
|
|
|
|
Rexel SA:
|
|
|
|
|
|
|
|
5,150
|
M
|
|
6.125%, 12/15/2019
|
|
|
|
|
(a)
|
|
5,407,500
|
975
|
M
|
|
5.25%, 6/15/2020
|
|
|
|
|
(a)
|
|
984,750
|
|
|
|
|
|
|
|
|
|
|
28,888,080
|
|
|
|
Media-Broadcasting-2.3%
|
|
|
|
|
|
|
|
2,450
|
M
|
|
Allbritton Communication Co., 8%, 5/15/2018
|
|
|
|
|
|
|
2,603,125
|
|
|
|
Belo Corp.:
|
|
|
|
|
|
|
|
725
|
M
|
|
7.75%, 6/1/2027
|
|
|
|
|
|
|
784,812
|
150
|
M
|
|
7.25%, 9/15/2027
|
|
|
|
|
|
|
156,375
|
1,575
|
M
|
|
Block Communications, Inc., 7.25%, 2/1/2020
|
|
|
|
|
(a)
|
|
1,677,375
|
2,075
|
M
|
|
LIN
Television Corp., 8.375%, 4/15/2018
|
|
|
|
|
|
|
2,199,500
|
3,175
|
M
|
|
Nexstar Broadcasting, Inc., 6.875%, 11/15/2020
|
|
|
|
|
|
|
3,413,125
|
|
|
|
Sinclair Television Group, Inc.:
|
|
|
|
|
|
|
|
2,300
|
M
|
|
5.375%, 4/1/2021
|
|
|
|
|
|
|
2,277,000
|
925
|
M
|
|
6.375%, 11/1/2021
|
|
|
|
|
(a)
|
|
962,000
|
|
|
|
Sirius XM Radio, Inc.:
|
|
|
|
|
|
|
|
850
|
M
|
|
5.75%, 8/1/2021
|
|
|
|
|
(a)
|
|
862,750
|
800
|
M
|
|
4.625%, 5/15/2023
|
|
|
|
|
(a)
|
|
726,000
|
|
|
|
|
|
|
|
|
|
|
15,662,062
|
|
|
|
Media-Cable TV-6.4%
|
|
|
|
|
|
|
|
|
|
|
Cablevision Systems Corp.:
|
|
|
|
|
|
|
|
2,000
|
M
|
|
8.625%, 9/15/2017
|
|
|
|
|
|
|
2,335,000
|
1,525
|
M
|
|
7.75%, 4/15/2018
|
|
|
|
|
|
|
1,708,000
|
|
|
|
CCO
Holdings, LLC:
|
|
|
|
|
|
|
|
1,825
|
M
|
|
7%, 1/15/2019
|
|
|
|
|
|
|
1,927,656
|
1,125
|
M
|
|
8.125%, 4/30/2020
|
|
|
|
|
|
|
1,226,250
|
1,175
|
M
|
|
7.375%, 6/1/2020
|
|
|
|
|
|
|
1,277,812
|
650
|
M
|
|
5.25%, 3/15/2021
|
|
|
|
|
(a)
|
|
624,000
|
550
|
M
|
|
6.5%, 4/30/2021
|
|
|
|
|
|
|
567,875
|
875
|
M
|
|
5.125%, 2/15/2023
|
|
|
|
|
|
|
815,937
|
3,350
|
M
|
|
Cequel Communications Holdings I, LLC, 6.375%, 9/15/2020
|
|
|
|
|
(a)
|
|
3,450,500
|
|
|
|
Clear Channel Worldwide Holdings, Inc.:
|
|
|
|
|
|
|
|
200
|
M
|
|
7.625%, 3/15/2020 Series "A"
|
|
|
|
|
|
|
209,000
|
950
|
M
|
|
7.625%, 3/15/2020 Series "B"
|
|
|
|
|
|
|
1,003,437
|
1,025
|
M
|
|
6.5%, 11/15/2022 Series "A"
|
|
|
|
|
|
|
1,044,219
|
2,375
|
M
|
|
6.5%, 11/15/2022 Series "B"
|
|
|
|
|
|
|
2,437,344
|
|
|
|
DISH DBS Corp.:
|
|
|
|
|
|
|
|
5,475
|
M
|
|
7.875%, 9/1/2019
|
|
|
|
|
|
|
6,282,562
|
950
|
M
|
|
5%, 3/15/2023
|
|
|
|
|
|
|
890,625
|
1,175
|
M
|
|
Echostar DBS Corp., 7.125%, 2/1/2016
|
|
|
|
|
|
|
1,304,250
|
3,025
|
M
|
|
Gray Television, Inc., 7.5%, 10/1/2020
|
|
|
|
|
|
|
3,229,188
|
3,275
|
M
|
|
Harron Communications, LP, 9.125%, 4/1/2020
|
|
|
|
|
(a)
|
|
3,643,438
|
1,200
|
M
|
|
Lynx II Corp., 6.375%, 4/15/2023
|
|
|
|
|
(a)
|
|
1,227,000
|
1,725
|
M
|
|
Midcontinent Communications Corp., 6.25%, 8/1/2021
|
|
|
|
|
(a)
|
|
1,746,563
|
2,375
|
M
|
|
Nara Cable Funding, Ltd., 8.875%, 12/1/2018
|
|
|
|
|
(a)
|
|
2,565,000
|
450
|
M
|
|
Quebecor Media, Inc., 5.75%, 1/15/2023
|
|
|
|
|
|
|
437,625
|
3,850
|
M
|
|
UPC Holding BV, 9.875%, 4/15/2018
|
|
|
|
|
(a)
|
|
4,138,750
|
|
|
|
|
|
|
|
|
|
|
44,092,031
|
|
|
|
Media-Diversified-1.0%
|
|
|
|
|
|
|
|
|
|
|
Gannett Co., Inc.:
|
|
|
|
|
|
|
|
1,425
|
M
|
|
5.125%, 7/15/2020
|
|
|
|
|
(a)
|
|
1,449,937
|
1,600
|
M
|
|
6.375%, 10/15/2023
|
|
|
|
|
(a)
|
|
1,660,000
|
3,625
|
M
|
|
Lamar Media Corp., 7.875%, 4/15/2018
|
|
|
|
|
|
|
3,837,969
|
|
|
|
|
|
|
|
|
|
|
6,947,906
|
|
|
|
Metals/Mining-8.1%
|
|
|
|
|
|
|
|
4,200
|
M
|
|
Alcoa, Inc., 6.15%, 8/15/2020
|
|
|
|
|
|
|
4,532,539
|
2,250
|
M
|
|
Aleris International, Inc., 7.875%, 11/1/2020
|
|
|
|
|
|
|
2,401,875
|
|
|
|
ArcelorMittal:
|
|
|
|
|
|
|
|
1,925
|
M
|
|
6.125%, 6/1/2018
|
|
|
|
|
|
|
2,119,906
|
4,481
|
M
|
|
10.35%, 6/1/2019
|
|
|
|
|
|
|
5,690,870
|
1,450
|
M
|
|
6.75%, 2/25/2022
|
|
|
|
|
|
|
1,584,125
|
|
|
|
Arch Coal, Inc.:
|
|
|
|
|
|
|
|
325
|
M
|
|
7%, 6/15/2019
|
|
|
|
|
|
|
260,000
|
2,475
|
M
|
|
7.25%, 10/1/2020
|
|
|
|
|
|
|
1,942,875
|
2,400
|
M
|
|
7.25%, 6/15/2021
|
|
|
|
|
|
|
1,848,000
|
|
|
|
FMG
Resources (August 2006) Property, Ltd.:
|
|
|
|
|
|
|
|
975
|
M
|
|
6%, 4/1/2017
|
|
|
|
|
(a)
|
|
1,040,812
|
3,675
|
M
|
|
6.875%, 2/1/2018
|
|
|
|
|
(a)
|
|
3,877,125
|
1,525
|
M
|
|
8.25%, 11/1/2019
|
|
|
|
|
(a)
|
|
1,717,531
|
450
|
M
|
|
6.875%, 4/1/2022
|
|
|
|
|
(a)
|
|
492,750
|
5,025
|
M
|
|
JMC
Steel Group, 8.25%, 3/15/2018
|
|
|
|
|
(a)
|
|
5,087,813
|
1,000
|
M
|
|
Kaiser Aluminum Corp., 8.25%, 6/1/2020
|
|
|
|
|
|
|
1,135,000
|
|
|
|
Novelis, Inc.:
|
|
|
|
|
|
|
|
6,475
|
M
|
|
8.375%, 12/15/2017
|
|
|
|
|
|
|
6,924,203
|
1,850
|
M
|
|
8.75%, 12/15/2020
|
|
|
|
|
|
|
2,067,375
|
|
|
|
Peabody Energy Corp.:
|
|
|
|
|
|
|
|
2,050
|
M
|
|
6%, 11/15/2018
|
|
|
|
|
|
|
2,193,500
|
1,700
|
M
|
|
6.5%, 9/15/2020
|
|
|
|
|
|
|
1,797,750
|
2,525
|
M
|
|
6.25%, 11/15/2021
|
|
|
|
|
|
|
2,562,875
|
|
|
|
Steel Dynamics, Inc.:
|
|
|
|
|
|
|
|
1,200
|
M
|
|
6.125%, 8/15/2019
|
|
|
|
|
|
|
1,305,000
|
675
|
M
|
|
6.375%, 8/15/2022
|
|
|
|
|
|
|
732,375
|
|
|
|
United States Steel Corp.:
|
|
|
|
|
|
|
|
550
|
M
|
|
7%, 2/1/2018
|
|
|
|
|
|
|
600,875
|
1,275
|
M
|
|
7.375%, 4/1/2020
|
|
|
|
|
|
|
1,383,375
|
900
|
M
|
|
7.5%, 3/15/2022
|
|
|
|
|
|
|
963,000
|
1,925
|
M
|
|
Wise Metals Group, LLC, 8.75%,
12/15/2018
|
|
|
|
|
(a)
|
|
2,035,688
|
|
|
|
|
|
|
|
|
|
|
56,297,237
|
|
|
|
Real Estate Investment Trusts-.4%
|
|
|
|
|
|
|
|
2,162
|
M
|
|
Taylor Morrison Communities, Inc.,
7.75%, 4/15/2020
|
|
|
|
|
(a)
|
|
2,389,010
|
|
|
|
Retail-General Merchandise-2.7%
|
|
|
|
|
|
|
|
800
|
M
|
|
Chinos Intermediate Holdings A, Inc., 7.75%, 5/1/2019
|
|
|
|
|
(a)
|
|
820,000
|
2,975
|
M
|
|
Landry's, Inc., 9.375%, 5/1/2020
|
|
|
|
|
(a)
|
|
3,257,625
|
2,850
|
M
|
|
Limited Brands, Inc., 8.5%, 6/15/2019
|
|
|
|
|
|
|
3,434,250
|
2,275
|
M
|
|
Michaels Stores, Inc., 7.75%, 11/1/2018
|
|
|
|
|
|
|
2,479,750
|
4,485
|
M
|
|
Needle Merger Sub Corp., 8.125%, 3/15/2019
|
|
|
|
|
(a)
|
|
4,714,856
|
2,250
|
M
|
|
Party City Holdings, Inc., 8.875%, 8/1/2020
|
|
|
|
|
|
|
2,531,250
|
1,525
|
M
|
|
Sally Holdings, LLC, 6.875%, 11/15/2019
|
|
|
|
|
|
|
1,692,750
|
|
|
|
|
|
|
|
|
|
|
18,930,481
|
|
|
|
Services-4.7%
|
|
|
|
|
|
|
|
|
|
|
ADT
Corp.:
|
|
|
|
|
|
|
|
1,075
|
M
|
|
6.25%, 10/15/2021
|
|
|
|
|
(a)
|
|
1,130,094
|
3,275
|
M
|
|
3.5%, 7/15/2022
|
|
|
|
|
|
|
2,855,839
|
650
|
M
|
|
4.125%, 6/15/2023
|
|
|
|
|
|
|
577,979
|
1,300
|
M
|
|
APX
Group, Inc., 6.375%, 12/1/2019
|
|
|
|
|
|
|
1,326,000
|
1,525
|
M
|
|
Ashtead Capital, Inc., 6.5%, 7/15/2022
|
|
|
|
|
(a)
|
|
1,633,656
|
1,350
|
M
|
|
CoreLogic, Inc., 7.25%, 6/1/2021
|
|
|
|
|
|
|
1,471,500
|
|
|
|
Covanta Holding Corp.:
|
|
|
|
|
|
|
|
900
|
M
|
|
7.25%, 12/1/2020
|
|
|
|
|
|
|
987,025
|
2,225
|
M
|
|
6.375%, 10/1/2022
|
|
|
|
|
|
|
2,295,573
|
825
|
M
|
|
Geo
Group, Inc., 5.875%, 1/15/2022
|
|
|
|
|
(a)
|
|
821,906
|
|
|
|
Iron Mountain, Inc.:
|
|
|
|
|
|
|
|
1,525
|
M
|
|
7.75%, 10/1/2019
|
|
|
|
|
|
|
1,708,000
|
3,250
|
M
|
|
5.75%, 8/15/2024
|
|
|
|
|
|
|
3,030,625
|
3,000
|
M
|
|
Live Nation Entertainment, Inc., 7%, 9/1/2020
|
|
|
|
|
(a)
|
|
3,270,000
|
2,650
|
M
|
|
Monitronics International, Inc., 9.125%, 4/1/2020
|
|
|
|
|
|
|
2,822,250
|
|
|
|
PHH
Corp.:
|
|
|
|
|
|
|
|
1,350
|
M
|
|
7.375%, 9/1/2019
|
|
|
|
|
|
|
1,447,875
|
1,500
|
M
|
|
6.375%, 8/15/2021
|
|
|
|
|
|
|
1,507,500
|
2,925
|
M
|
|
Reliance Intermediate Holdings, LP, 9.5%, 12/15/2019
|
|
|
|
|
(a)
|
|
3,217,500
|
525
|
M
|
|
Rent-A-Center, Inc., 4.75%, 5/1/2021
|
|
|
|
|
|
|
495,469
|
1,625
|
M
|
|
Safway Group Holding, LLC, 7%,
5/15/2018
|
|
|
|
|
(a)
|
|
1,722,500
|
|
|
|
|
|
|
|
|
|
|
32,321,291
|
|
|
|
Telecommunications-6.2%
|
|
|
|
|
|
|
|
|
|
|
CenturyLink, Inc.:
|
|
|
|
|
|
|
|
400
|
M
|
|
5.625%, 4/1/2020
|
|
|
|
|
|
|
409,000
|
1,500
|
M
|
|
5.8%, 3/15/2022
|
|
|
|
|
|
|
1,488,750
|
1,250
|
M
|
|
6.75%, 12/1/2023
|
|
|
|
|
|
|
1,271,875
|
|
|
|
Citizens Communications Co.:
|
|
|
|
|
|
|
|
5,200
|
M
|
|
7.125%, 3/15/2019
|
|
|
|
|
|
|
5,629,000
|
2,175
|
M
|
|
9%, 8/15/2031
|
|
|
|
|
|
|
2,147,812
|
325
|
M
|
|
Frontier Communications Corp., 8.5%, 4/15/2020
|
|
|
|
|
|
|
365,625
|
2,525
|
M
|
|
GCI,
Inc., 8.625%, 11/15/2019
|
|
|
|
|
|
|
2,695,437
|
5,850
|
M
|
|
Inmarsat Finance, PLC, 7.375%, 12/1/2017
|
|
|
|
|
(a)
|
|
6,113,250
|
|
|
|
Intelsat Jackson Holdings SA:
|
|
|
|
|
|
|
|
2,675
|
M
|
|
7.25%, 4/1/2019
|
|
|
|
|
|
|
2,902,375
|
1,200
|
M
|
|
8.5%, 11/1/2019
|
|
|
|
|
|
|
1,314,000
|
2,075
|
M
|
|
7.25%, 10/15/2020
|
|
|
|
|
|
|
2,279,906
|
800
|
M
|
|
PAETEC Holding Corp., 9.875%, 12/1/2018
|
|
|
|
|
|
|
898,000
|
|
|
|
Sprint Capital Corp.:
|
|
|
|
|
|
|
|
2,600
|
M
|
|
6.9%, 5/1/2019
|
|
|
|
|
|
|
2,853,500
|
3,125
|
M
|
|
6.875%, 11/15/2028
|
|
|
|
|
|
|
2,960,938
|
1,700
|
M
|
|
Telesat Canada, 6%, 5/15/2017
|
|
|
|
|
(a)
|
|
1,774,375
|
|
|
|
Wind Acquisition Finance SA:
|
|
|
|
|
|
|
|
750
|
M
|
|
11.75%, 7/15/2017
|
|
|
|
|
(a)
|
|
798,750
|
2,175
|
M
|
|
7.25%, 2/15/2018
|
|
|
|
|
(a)
|
|
2,300,063
|
|
|
|
Windstream Corp.:
|
|
|
|
|
|
|
|
1,725
|
M
|
|
7.875%, 11/1/2017
|
|
|
|
|
|
|
1,979,438
|
2,050
|
M
|
|
7.75%, 10/15/2020
|
|
|
|
|
|
|
2,185,813
|
600
|
M
|
|
6.375%, 8/1/2023
|
|
|
|
|
|
|
564,000
|
|
|
|
|
|
|
|
|
|
|
42,931,907
|
|
|
|
Transportation-1.2%
|
|
|
|
|
|
|
|
|
|
|
Aircastle, Ltd.:
|
|
|
|
|
|
|
|
550
|
M
|
|
4.625%, 12/15/2018
|
|
|
|
|
|
|
555,500
|
5,112
|
M
|
|
6.25%, 12/1/2019
|
|
|
|
|
|
|
5,501,790
|
675
|
M
|
|
Fly
Leasing, Ltd., 6.75%, 12/15/2020
|
|
|
|
|
|
|
686,812
|
1,200
|
M
|
|
Navios Maritime Holdings, 8.125%,
2/15/2019
|
|
|
|
|
|
|
1,239,000
|
|
|
|
|
|
|
|
|
|
|
7,983,102
|
|
|
|
Utilities-2.6%
|
|
|
|
|
|
|
|
|
|
|
AES
Corp.:
|
|
|
|
|
|
|
|
875
|
M
|
|
9.75%, 4/15/2016
|
|
|
|
|
|
|
1,034,687
|
800
|
M
|
|
8%, 10/15/2017
|
|
|
|
|
|
|
944,000
|
1,275
|
M
|
|
7.375%, 7/1/2021
|
|
|
|
|
|
|
1,443,937
|
|
|
|
Calpine Corp.:
|
|
|
|
|
|
|
|
297
|
M
|
|
7.875%, 7/31/2020
|
|
|
|
|
(a)
|
|
326,700
|
2,024
|
M
|
|
7.5%, 2/15/2021
|
|
|
|
|
(a)
|
|
2,218,810
|
2,100
|
M
|
|
Dynegy, Inc., 5.875%, 6/1/2023
|
|
|
|
|
(a)
|
|
1,995,000
|
1,027
|
M
|
|
Indiantown Cogeneration Utilities, LP, 9.77%, 12/15/2020
|
|
|
|
|
|
|
1,121,126
|
3,075
|
M
|
|
InterGen NV, 7%, 6/30/2023
|
|
|
|
|
(a)
|
|
3,198,000
|
2,350
|
M
|
|
NRG
Energy, Inc., 7.625%, 5/15/2019
|
|
|
|
|
|
|
2,496,875
|
3,010
|
M
|
|
NSG Holdings, LLC, 7.75%, 12/15/2025
|
|
|
|
|
(a)
|
|
3,220,700
|
|
|
|
|
|
|
|
|
|
|
17,999,835
|
|
|
|
Waste Management-.3%
|
|
|
|
|
|
|
|
2,050
|
M
|
|
ADS Waste Holdings, Inc., 8.25%,
10/1/2020
|
|
|
|
|
|
|
2,234,500
|
|
|
|
Wireless Communications-2.7%
|
|
|
|
|
|
|
|
1,125
|
M
|
|
Altice Financing SA, 6.5%, 1/15/2022
|
|
|
|
|
(a)
|
|
1,139,062
|
2,800
|
M
|
|
Intelsat Luxembourg SA, 8.125%, 6/1/2023
|
|
|
|
|
(a)
|
|
3,013,500
|
|
|
|
MetroPCS Wireless, Inc.:
|
|
|
|
|
|
|
|
1,200
|
M
|
|
6.625%, 11/15/2020
|
|
|
|
|
|
|
1,276,500
|
4,100
|
M
|
|
6.25%, 4/1/2021
|
|
|
|
|
(a)
|
|
4,269,125
|
2,725
|
M
|
|
6.625%, 4/1/2023
|
|
|
|
|
(a)
|
|
2,823,781
|
|
|
|
Sprint Nextel Corp.:
|
|
|
|
|
|
|
|
925
|
M
|
|
9.125%, 3/1/2017
|
|
|
|
|
|
|
1,091,500
|
1,250
|
M
|
|
8.375%, 8/15/2017
|
|
|
|
|
|
|
1,453,125
|
1,875
|
M
|
|
7%, 8/15/2020
|
|
|
|
|
|
|
2,039,063
|
1,750
|
M
|
|
6%, 11/15/2022
|
|
|
|
|
|
|
1,715,000
|
|
|
|
|
|
|
|
|
|
|
18,820,656
|
Total Value of Corporate Bonds
(cost $594,103,822)
|
|
|
|
|
|
|
609,617,710
|
|
|
|
LOAN PARTICIPATIONS-7.7%
|
|
|
|
|
|
|
|
|
|
|
Chemicals-.4%
|
|
|
|
|
|
|
|
2,804
|
M
|
|
Axalta Coating Systems, Inc., 4.75%,
2/1/2020
|
|
|
|
|
(d)
|
|
2,828,784
|
|
|
|
Consumer Non-Durables-.1%
|
|
|
|
|
|
|
|
938
|
M
|
|
Sun Products Corp., 5.5%, 3/15/2020
|
|
|
|
|
(d)
|
|
893,031
|
|
|
|
Energy-1.0%
|
|
|
|
|
|
|
|
|
|
|
Drillships Financing Holding, Inc.:
|
|
|
|
|
|
|
|
1,800
|
M
|
|
6%, 2/2/2021
|
|
|
|
|
(d)
|
|
1,845,000
|
2,115
|
M
|
|
6%, 3/31/2021
|
|
|
|
|
(d)
|
|
2,168,067
|
1,000
|
M
|
|
Fieldwood Energy, LLC, 8.375%, 9/30/2020
|
|
|
|
|
(d)
|
|
1,023,250
|
1,925
|
M
|
|
Samson Investment Co., 5%, 9/25/2018
|
|
|
|
|
(d)
|
|
1,935,428
|
|
|
|
|
|
|
|
|
|
|
6,971,745
|
|
|
|
Financial-.4%
|
|
|
|
|
|
|
|
2,963
|
M
|
|
Ocwen Financial Corp., 5%, 1/31/2018
|
|
|
|
|
(d)
|
|
3,010,293
|
|
|
|
Food/Drug-1.4%
|
|
|
|
|
|
|
|
3,905
|
M
|
|
Albertson's, LLC, 4.75%, 2/20/2016
|
|
|
|
|
(d)
|
|
3,927,343
|
|
|
|
Rite Aid Corp.:
|
|
|
|
|
|
|
|
1,315
|
M
|
|
4.875%, 6/7/2021
|
|
|
|
|
(d)
|
|
1,338,341
|
1,900
|
M
|
|
4.875%, 6/21/2021
|
|
|
|
|
(d)
|
|
1,933,725
|
|
|
|
Supervalu, Inc.:
|
|
|
|
|
|
|
|
2,681
|
M
|
|
5%, 3/21/2019
|
|
|
|
|
(d)
|
|
2,709,293
|
178
|
M
|
|
5%, 3/31/2019
|
|
|
|
|
(d)
|
|
180,098
|
|
|
|
|
|
|
|
|
|
|
10,088,800
|
|
|
|
Gaming/Leisure-.2%
|
|
|
|
|
|
|
|
1,562
|
M
|
|
Seminole Hard Rock Entertainment, Inc.,
3.5%, 4/28/2020
|
|
|
|
|
(d)
|
|
1,565,404
|
|
|
|
Information Technology-1.0%
|
|
|
|
|
|
|
|
1,838
|
M
|
|
ARRIS Group, Inc., 3.5%, 2/7/2020
|
|
|
|
|
(d)
|
|
1,836,019
|
4,800
|
M
|
|
BMC Software Finance, Inc., 5%,
8/9/2020
|
|
|
|
|
(d)
|
|
4,827,000
|
|
|
|
|
|
|
|
|
|
|
6,663,019
|
|
|
|
Manufacturing-.9%
|
|
|
|
|
|
|
|
2,218
|
M
|
|
Apex Tool Group, LLC, 4.5%, 1/8/2020
|
|
|
|
|
(d)
|
|
2,233,765
|
3,676
|
M
|
|
Gardner Denver, Inc., 4.25%, 7/30/2020
|
|
|
|
|
(d)
|
|
3,678,919
|
|
|
|
|
|
|
|
|
|
|
5,912,684
|
|
|
|
Media-Diversified-.9%
|
|
|
|
|
|
|
|
1,150
|
M
|
|
Kasima, LLC, 3.25%, 5/14/2021
|
|
|
|
|
(d)
|
|
1,150,480
|
5,000
|
M
|
|
Tribune Co., 4%, 11/20/2020
|
|
|
|
|
(d)
|
(e)
|
4,974,220
|
|
|
|
|
|
|
|
|
|
|
6,124,700
|
|
|
|
Metals/Mining-.6%
|
|
|
|
|
|
|
|
2,832
|
M
|
|
Arch Coal, Inc., 6.25%, 5/16/2018
|
|
|
|
(d)
|
|
2,794,733
|
1,280
|
M
|
|
Oxbow Carbon & Minerals, LLC, 8.0%,
1/18/2020
|
|
|
|
(d)
|
|
1,306,400
|
|
|
|
|
|
|
|
|
|
|
4,101,133
|
|
|
|
Retail-General Merchandise-.6%
|
|
|
|
|
|
|
1,235
|
M
|
|
Burger King Corp., 3.75%, 9/27/2019
|
|
|
|
(d)
|
|
1,242,553
|
2,694
|
M
|
|
General Nutrition Centers, Inc., 3.25%,
3/4/2019
|
|
|
|
(d)
|
|
2,692,180
|
|
|
|
|
|
|
|
|
|
|
3,934,733
|
|
|
|
Services-.2%
|
|
|
|
|
|
|
|
|
|
|
Brickman Group Ltd., LLC:
|
|
|
|
|
|
|
610
|
M
|
|
4%, 12/18/2020
|
|
|
|
|
(d)
|
(e)
|
613,812
|
470
|
M
|
|
7.5%, 12/17/2021
|
|
|
|
|
(d)
|
(e)
|
481,633
|
|
|
|
|
|
|
|
|
|
|
1,095,445
|
Total Value of Loan Participations
(cost $52,739,826)
|
|
|
|
|
|
|
53,189,771
|
|
|
|
PASS THROUGH CERTIFICATES-.4%
|
|
|
|
|
|
|
|
|
|
Transportation
|
|
|
|
|
|
|
|
2,375
|
M
|
|
American Airlines, Series "B" PTT,
5.6%, 7/15/2020 (cost $2,382,156)
|
|
|
|
(a)
|
|
2,398,750
|
|
|
|
COMMON STOCKS-.0%
|
|
|
|
|
|
|
|
|
|
|
Telecommunications
|
|
|
|
|
|
|
|
18,224
|
|
*
|
World Access, Inc. (cost $310,138)
|
|
|
|
(b)
|
|
-
|
Total Value of Investments
(cost $649,535,942)
|
96.3
|
%
|
|
|
|
|
665,206,231
|
Other Assets, Less Liabilities
|
3.7
|
|
|
|
|
|
25,891,461
|
Net Assets
|
|
|
|
100.0
|
%
|
|
|
|
|
$691,097,692
|