|
|
Principal Amount ($)(a)
|
|
|
Value ($)
|
|
|
|
|
|
Corporate Bonds 118.7%
|
|
Consumer Discretionary 26.2%
|
|
313 Group, Inc., 144A, 6.375%, 12/1/2019
|
|
|
|
375,000
|
|
|
|
372,188
|
|
AMC Networks, Inc., 7.75%, 7/15/2021
|
|
|
|
165,000
|
|
|
|
186,863
|
|
Avis Budget Car Rental LLC:
|
|
144A, 5.5%, 4/1/2023 (b)
|
|
|
365,000
|
|
|
|
364,088
|
|
8.25%, 1/15/2019
|
|
|
700,000
|
|
|
|
776,125
|
|
BC Mountain LLC, 144A, 7.0%, 2/1/2021
|
|
|
|
360,000
|
|
|
|
381,600
|
|
Block Communications, Inc., 144A, 7.25%, 2/1/2020
|
|
|
|
715,000
|
|
|
|
777,562
|
|
Boyd Gaming Corp., 144A, 9.0%, 7/1/2020
|
|
|
|
275,000
|
|
|
|
286,000
|
|
Caesar's Entertainment Operating Co., Inc.:
|
|
8.5%, 2/15/2020
|
|
|
695,000
|
|
|
|
686,312
|
|
10.0%, 12/15/2018
|
|
|
970,000
|
|
|
|
660,812
|
|
11.25%, 6/1/2017
|
|
|
3,900,000
|
|
|
|
4,148,625
|
|
Carlson Wagonlit BV, 144A, 6.875%, 6/15/2019
|
|
|
|
400,000
|
|
|
|
417,000
|
|
CCO Holdings LLC:
|
|
5.25%, 9/30/2022
|
|
|
2,645,000
|
|
|
|
2,598,712
|
|
6.625%, 1/31/2022
|
|
|
840,000
|
|
|
|
900,900
|
|
7.0%, 1/15/2019
|
|
|
235,000
|
|
|
|
253,213
|
|
7.25%, 10/30/2017
|
|
|
1,110,000
|
|
|
|
1,197,412
|
|
7.375%, 6/1/2020
|
|
|
100,000
|
|
|
|
110,875
|
|
7.875%, 4/30/2018
|
|
|
6,300,000
|
|
|
|
6,701,625
|
|
CDR DB Sub, Inc., 144A, 7.75%, 10/15/2020
|
|
|
|
210,000
|
|
|
|
215,775
|
|
Cequel Communications Holdings I LLC:
|
|
144A, 6.375%, 9/15/2020
|
|
|
2,070,000
|
|
|
|
2,147,625
|
|
144A, 8.625%, 11/15/2017
|
|
|
3,385,000
|
|
|
|
3,617,719
|
|
Chester Downs & Marina LLC, 144A, 9.25%, 2/1/2020
|
|
|
|
130,000
|
|
|
|
124,150
|
|
Clear Channel Communications, Inc., 144A, 11.25%, 3/1/2021
|
|
|
|
495,000
|
|
|
|
507,375
|
|
Clear Channel Worldwide Holdings, Inc.:
|
|
Series A, 144A, 6.5%, 11/15/2022
|
|
|
445,000
|
|
|
|
463,913
|
|
Series B, 144A, 6.5%, 11/15/2022
|
|
|
665,000
|
|
|
|
701,575
|
|
Series A, 7.625%, 3/15/2020
|
|
|
105,000
|
|
|
|
108,544
|
|
Series B, 7.625%, 3/15/2020
|
|
|
1,065,000
|
|
|
|
1,111,594
|
|
Crown Media Holdings, Inc., 10.5%, 7/15/2019
|
|
|
|
275,000
|
|
|
|
310,063
|
|
Cumulus Media Holdings, Inc., 7.75%, 5/1/2019
|
|
|
|
350,000
|
|
|
|
359,625
|
|
Delphi Corp., 5.0%, 2/15/2023
|
|
|
|
490,000
|
|
|
|
518,175
|
|
DISH DBS Corp.:
|
|
6.75%, 6/1/2021
|
|
|
145,000
|
|
|
|
160,950
|
|
7.125%, 2/1/2016
|
|
|
2,500,000
|
|
|
|
2,778,125
|
|
Griffey Intermediate, Inc., 144A, 7.0%, 10/15/2020
|
|
|
|
370,000
|
|
|
|
377,400
|
|
Harron Communications LP, 144A, 9.125%, 4/1/2020
|
|
|
|
520,000
|
|
|
|
577,200
|
|
Hertz Corp.:
|
|
144A, 4.25%, 4/1/2018
|
|
|
575,000
|
|
|
|
585,781
|
|
6.75%, 4/15/2019
|
|
|
450,000
|
|
|
|
491,062
|
|
7.5%, 10/15/2018
|
|
|
6,000,000
|
|
|
|
6,622,500
|
|
Jo-Ann Stores Holdings, Inc., 144A, 9.75%, 10/15/2019 (PIK)
|
|
|
|
210,000
|
|
|
|
220,500
|
|
Libbey Glass, Inc., 6.875%, 5/15/2020
|
|
|
|
216,000
|
|
|
|
233,010
|
|
Lions Gate Entertainment, Inc., 144A, 10.25%, 11/1/2016
|
|
|
|
505,000
|
|
|
|
551,081
|
|
MDC Partners, Inc., 144A, 6.75%, 4/1/2020
|
|
|
|
275,000
|
|
|
|
277,750
|
|
Mediacom Broadband LLC, 144A, 6.375%, 4/1/2023
|
|
|
|
800,000
|
|
|
|
830,000
|
|
Mediacom LLC, 7.25%, 2/15/2022
|
|
|
|
200,000
|
|
|
|
220,000
|
|
MGM Resorts International:
|
|
6.625%, 12/15/2021
|
|
|
1,100,000
|
|
|
|
1,153,625
|
|
144A, 6.75%, 10/1/2020
|
|
|
160,000
|
|
|
|
169,600
|
|
7.5%, 6/1/2016
|
|
|
550,000
|
|
|
|
609,125
|
|
7.625%, 1/15/2017
|
|
|
385,000
|
|
|
|
427,350
|
|
144A, 8.625%, 2/1/2019
|
|
|
1,585,000
|
|
|
|
1,846,525
|
|
10.0%, 11/1/2016
|
|
|
445,000
|
|
|
|
530,662
|
|
National CineMedia LLC:
|
|
6.0%, 4/15/2022
|
|
|
400,000
|
|
|
|
429,000
|
|
7.875%, 7/15/2021
|
|
|
465,000
|
|
|
|
517,894
|
|
Palace Entertainment Holdings LLC, 144A, 8.875%, 4/15/2017
|
|
|
|
390,000
|
|
|
|
413,400
|
|
PETCO Animal Supplies, Inc., 144A, 9.25%, 12/1/2018
|
|
|
|
670,000
|
|
|
|
738,675
|
|
Petco Holdings, Inc., 144A, 8.5%, 10/15/2017 (PIK)
|
|
|
|
105,000
|
|
|
|
108,281
|
|
Quebecor Media, Inc., 144A, 5.75%, 1/15/2023
|
|
|
|
375,000
|
|
|
|
382,500
|
|
Regal Entertainment Group:
|
|
5.75%, 2/1/2025
|
|
|
90,000
|
|
|
|
88,425
|
|
9.125%, 8/15/2018
|
|
|
350,000
|
|
|
|
392,875
|
|
Sinclair Television Group, Inc., 144A, 5.375%, 4/1/2021 (b)
|
|
|
|
185,000
|
|
|
|
183,613
|
|
Sirius XM Radio, Inc., 144A, 8.75%, 4/1/2015
|
|
|
|
1,015,000
|
|
|
|
1,129,187
|
|
Sotheby's, 144A, 5.25%, 10/1/2022
|
|
|
|
370,000
|
|
|
|
373,700
|
|
Starz LLC, 144A, 5.0%, 9/15/2019
|
|
|
|
295,000
|
|
|
|
303,850
|
|
Stoneridge, Inc., 144A, 9.5%, 10/15/2017
|
|
|
|
5,100,000
|
|
|
|
5,482,500
|
|
UCI International, Inc., 8.625%, 2/15/2019
|
|
|
|
235,000
|
|
|
|
243,225
|
|
Unitymedia Hessen GmbH & Co., KG:
|
|
144A, 5.5%, 1/15/2023
|
|
|
1,630,000
|
|
|
|
1,674,825
|
|
144A, 7.5%, 3/15/2019
|
|
|
825,000
|
|
|
|
902,344
|
|
Unitymedia KabelBW GmbH, 144A, 9.625%, 12/1/2019
|
EUR
|
|
|
1,595,000
|
|
|
|
2,274,769
|
|
Univision Communications, Inc.:
|
|
144A, 6.875%, 5/15/2019
|
|
|
110,000
|
|
|
|
117,700
|
|
144A, 8.5%, 5/15/2021
|
|
|
135,000
|
|
|
|
145,800
|
|
UPC Holding BV, 144A, 8.375%, 8/15/2020
|
EUR
|
|
|
580,000
|
|
|
|
813,806
|
|
Viking Cruises Ltd., 144A, 8.5%, 10/15/2022
|
|
|
|
375,000
|
|
|
|
412,500
|
|
Visant Corp., 10.0%, 10/1/2017
|
|
|
|
1,220,000
|
|
|
|
1,113,250
|
|
Visteon Corp., 6.75%, 4/15/2019
|
|
|
|
738,000
|
|
|
|
789,660
|
|
XM Satellite Radio, Inc., 144A, 7.625%, 11/1/2018
|
|
|
|
3,000,000
|
|
|
|
3,311,250
|
|
Yonkers Racing Corp., 144A, 11.375%, 7/15/2016
|
|
|
|
320,000
|
|
|
|
343,200
|
|
|
|
|
|
72,354,520
|
|
Consumer Staples 2.3%
|
|
Alliance One International, Inc., 10.0%, 7/15/2016
|
|
|
|
500,000
|
|
|
|
528,125
|
|
Chiquita Brands International, Inc., 144A, 7.875%, 2/1/2021
|
|
|
|
335,000
|
|
|
|
351,331
|
|
Constellation Brands, Inc., 6.0%, 5/1/2022
|
|
|
|
180,000
|
|
|
|
196,650
|
|
Del Monte Corp., 7.625%, 2/15/2019
|
|
|
|
810,000
|
|
|
|
840,375
|
|
FAGE Dairy Industry SA, 144A, 9.875%, 2/1/2020
|
|
|
|
215,000
|
|
|
|
235,963
|
|
JBS U.S.A. LLC, 144A, 8.25%, 2/1/2020
|
|
|
|
295,000
|
|
|
|
322,288
|
|
NBTY, Inc., 9.0%, 10/1/2018
|
|
|
|
1,540,000
|
|
|
|
1,720,950
|
|
Pilgrim's Pride Corp., 7.875%, 12/15/2018
|
|
|
|
265,000
|
|
|
|
286,531
|
|
Smithfield Foods, Inc., 6.625%, 8/15/2022
|
|
|
|
475,000
|
|
|
|
517,750
|
|
Sun Products Corp., 144A, 7.75%, 3/15/2021
|
|
|
|
635,000
|
|
|
|
639,762
|
|
Tops Holding Corp., 144A, 8.875%, 12/15/2017
|
|
|
|
180,000
|
|
|
|
197,550
|
|
U.S. Foods, Inc., 144A, 8.5%, 6/30/2019
|
|
|
|
385,000
|
|
|
|
408,581
|
|
|
|
|
|
6,245,856
|
|
Energy 12.6%
|
|
Access Midstream Partners LP:
|
|
4.875%, 5/15/2023
|
|
|
455,000
|
|
|
|
449,313
|
|
6.125%, 7/15/2022
|
|
|
615,000
|
|
|
|
659,587
|
|
Arch Coal, Inc., 7.0%, 6/15/2019
|
|
|
|
220,000
|
|
|
|
198,550
|
|
Berry Petroleum Co.:
|
|
6.375%, 9/15/2022
|
|
|
360,000
|
|
|
|
382,500
|
|
6.75%, 11/1/2020
|
|
|
360,000
|
|
|
|
388,800
|
|
BreitBurn Energy Partners LP, 7.875%, 4/15/2022
|
|
|
|
370,000
|
|
|
|
395,900
|
|
Chaparral Energy, Inc.:
|
|
7.625%, 11/15/2022
|
|
|
235,000
|
|
|
|
256,738
|
|
144A, 7.625%, 11/15/2022
|
|
|
215,000
|
|
|
|
232,738
|
|
9.875%, 10/1/2020
|
|
|
1,750,000
|
|
|
|
2,021,250
|
|
Chesapeake Energy Corp., 3.25%, 3/15/2016 (b)
|
|
|
|
905,000
|
|
|
|
915,181
|
|
Chesapeake Oilfield Operating LLC, 144A, 6.625%, 11/15/2019
|
|
|
|
400,000
|
|
|
|
412,000
|
|
Continental Resources, Inc., 5.0%, 9/15/2022
|
|
|
|
330,000
|
|
|
|
350,625
|
|
Crestwood Midstream Partners LP, 7.75%, 4/1/2019
|
|
|
|
1,155,000
|
|
|
|
1,204,087
|
|
Crosstex Energy LP, 144A, 7.125%, 6/1/2022
|
|
|
|
195,000
|
|
|
|
206,700
|
|
Denbury Resources, Inc., 4.625%, 7/15/2023
|
|
|
|
890,000
|
|
|
|
858,850
|
|
Dresser-Rand Group, Inc., 6.5%, 5/1/2021
|
|
|
|
780,000
|
|
|
|
832,650
|
|
Eagle Rock Energy Partners LP, 8.375%, 6/1/2019
|
|
|
|
610,000
|
|
|
|
643,550
|
|
EP Energy LLC:
|
|
6.875%, 5/1/2019
|
|
|
635,000
|
|
|
|
695,325
|
|
7.75%, 9/1/2022
|
|
|
165,000
|
|
|
|
182,325
|
|
9.375%, 5/1/2020
|
|
|
145,000
|
|
|
|
167,475
|
|
EPE Holdings LLC, 144A, 8.125%, 12/15/2017 (PIK)
|
|
|
|
790,000
|
|
|
|
829,500
|
|
EV Energy Partners LP, 8.0%, 4/15/2019
|
|
|
|
1,595,000
|
|
|
|
1,682,725
|
|
Frontier Oil Corp., 6.875%, 11/15/2018
|
|
|
|
630,000
|
|
|
|
681,975
|
|
Halcon Resources Corp.:
|
|
144A, 8.875%, 5/15/2021
|
|
|
990,000
|
|
|
|
1,066,725
|
|
144A, 9.75%, 7/15/2020
|
|
|
295,000
|
|
|
|
325,975
|
|
Holly Energy Partners LP, 144A, 6.5%, 3/1/2020
|
|
|
|
205,000
|
|
|
|
217,813
|
|
Kodiak Oil & Gas Corp., 144A, 5.5%, 1/15/2021
|
|
|
|
445,000
|
|
|
|
466,138
|
|
Linn Energy LLC:
|
|
144A, 6.25%, 11/1/2019
|
|
|
815,000
|
|
|
|
833,337
|
|
6.5%, 5/15/2019
|
|
|
240,000
|
|
|
|
251,100
|
|
MarkWest Energy Partners LP, 5.5%, 2/15/2023
|
|
|
|
210,000
|
|
|
|
219,975
|
|
MEG Energy Corp.:
|
|
144A, 6.375%, 1/30/2023
|
|
|
990,000
|
|
|
|
1,029,600
|
|
144A, 6.5%, 3/15/2021
|
|
|
435,000
|
|
|
|
463,275
|
|
Midstates Petroleum Co., Inc., 144A, 10.75%, 10/1/2020
|
|
|
|
210,000
|
|
|
|
233,100
|
|
Newfield Exploration Co., 5.75%, 1/30/2022
|
|
|
|
390,000
|
|
|
|
417,300
|
|
Northern Oil & Gas, Inc., 8.0%, 6/1/2020
|
|
|
|
1,010,000
|
|
|
|
1,052,925
|
|
Oasis Petroleum, Inc.:
|
|
6.5%, 11/1/2021
|
|
|
300,000
|
|
|
|
327,000
|
|
6.875%, 1/15/2023
|
|
|
225,000
|
|
|
|
247,500
|
|
7.25%, 2/1/2019
|
|
|
715,000
|
|
|
|
775,775
|
|
Offshore Group Investment Ltd.:
|
|
144A, 7.125%, 4/1/2023
|
|
|
730,000
|
|
|
|
746,425
|
|
144A, 7.5%, 11/1/2019
|
|
|
530,000
|
|
|
|
561,800
|
|
OGX Austria GmbH, 144A, 8.375%, 4/1/2022
|
|
|
|
320,000
|
|
|
|
241,600
|
|
Plains Exploration & Production Co.:
|
|
6.125%, 6/15/2019
|
|
|
430,000
|
|
|
|
470,850
|
|
6.75%, 2/1/2022
|
|
|
975,000
|
|
|
|
1,085,906
|
|
6.875%, 2/15/2023
|
|
|
940,000
|
|
|
|
1,064,550
|
|
Range Resources Corp., 144A, 5.0%, 3/15/2023
|
|
|
|
180,000
|
|
|
|
184,050
|
|
Sabine Pass Liquefaction LLC, 144A, 5.625%, 2/1/2021
|
|
|
|
455,000
|
|
|
|
472,062
|
|
Sabine Pass LNG LP, 7.5%, 11/30/2016
|
|
|
|
565,000
|
|
|
|
624,325
|
|
SandRidge Energy, Inc., 7.5%, 3/15/2021
|
|
|
|
915,000
|
|
|
|
951,600
|
|
SESI LLC:
|
|
6.375%, 5/1/2019
|
|
|
440,000
|
|
|
|
473,000
|
|
7.125%, 12/15/2021
|
|
|
1,280,000
|
|
|
|
1,432,000
|
|
Shelf Drilling Holdings Ltd., 144A, 8.625%, 11/1/2018
|
|
|
|
265,000
|
|
|
|
280,900
|
|
Swift Energy Co.:
|
|
7.875%, 3/1/2022
|
|
|
785,000
|
|
|
|
820,325
|
|
144A, 7.875%, 3/1/2022
|
|
|
465,000
|
|
|
|
485,925
|
|
Talos Production LLC, 144A, 9.75%, 2/15/2018
|
|
|
|
695,000
|
|
|
|
688,050
|
|
Tesoro Corp.:
|
|
4.25%, 10/1/2017
|
|
|
400,000
|
|
|
|
418,000
|
|
5.375%, 10/1/2022
|
|
|
280,000
|
|
|
|
291,900
|
|
Venoco, Inc., 8.875%, 2/15/2019
|
|
|
|
560,000
|
|
|
|
543,200
|
|
WPX Energy, Inc., 5.25%, 1/15/2017
|
|
|
|
450,000
|
|
|
|
471,375
|
|
|
|
|
|
34,883,725
|
|
Financials 17.0%
|
|
AerCap Aviation Solutions BV, 6.375%, 5/30/2017
|
|
|
|
1,300,000
|
|
|
|
1,395,875
|
|
Ally Financial, Inc.:
|
|
5.5%, 2/15/2017
|
|
|
700,000
|
|
|
|
757,220
|
|
6.25%, 12/1/2017
|
|
|
7,000,000
|
|
|
|
7,828,121
|
|
Alphabet Holding Co., Inc., 144A, 7.75%, 11/1/2017 (PIK)
|
|
|
|
185,000
|
|
|
|
192,863
|
|
Altice Financing SA, 144A, 7.875%, 12/15/2019
|
|
|
|
420,000
|
|
|
|
457,968
|
|
AmeriGas Finance LLC:
|
|
6.75%, 5/20/2020
|
|
|
200,000
|
|
|
|
217,500
|
|
7.0%, 5/20/2022
|
|
|
200,000
|
|
|
|
217,500
|
|
Antero Resources Finance Corp.:
|
|
7.25%, 8/1/2019
|
|
|
540,000
|
|
|
|
585,225
|
|
9.375%, 12/1/2017
|
|
|
225,000
|
|
|
|
244,125
|
|
Ardagh Packaging Finance PLC, 144A, 4.875%, 11/15/2022
|
|
|
|
285,000
|
|
|
|
281,438
|
|
Ashtead Capital, Inc., 144A, 6.5%, 7/15/2022
|
|
|
|
560,000
|
|
|
|
608,300
|
|
Ashton Woods U.S.A. LLC, 144A, 6.875%, 2/15/2021
|
|
|
|
595,000
|
|
|
|
603,925
|
|
AWAS Aviation Capital Ltd., 144A, 7.0%, 10/17/2016
|
|
|
|
868,600
|
|
|
|
916,373
|
|
Banco Bradesco SA, 144A, 5.75%, 3/1/2022
|
|
|
|
1,355,000
|
|
|
|
1,446,462
|
|
BOE Merger Corp., 144A, 9.5%, 11/1/2017 (PIK)
|
|
|
|
375,000
|
|
|
|
403,594
|
|
Caesar's Operating Escrow LLC, 144A, 9.0%, 2/15/2020
|
|
|
|
460,000
|
|
|
|
462,875
|
|
CIT Group, Inc., 5.25%, 3/15/2018
|
|
|
|
1,045,000
|
|
|
|
1,128,600
|
|
DuPont Fabros Technology LP, (REIT), 8.5%, 12/15/2017
|
|
|
|
750,000
|
|
|
|
806,250
|
|
E*TRADE Financial Corp.:
|
|
6.375%, 11/15/2019
|
|
|
535,000
|
|
|
|
565,762
|
|
6.75%, 6/1/2016
|
|
|
680,000
|
|
|
|
732,700
|
|
Fibria Overseas Finance Ltd., 144A, 6.75%, 3/3/2021
|
|
|
|
220,000
|
|
|
|
242,990
|
|
Ford Motor Credit Co., LLC:
|
|
5.0%, 5/15/2018
|
|
|
780,000
|
|
|
|
859,100
|
|
5.875%, 8/2/2021
|
|
|
560,000
|
|
|
|
640,601
|
|
6.625%, 8/15/2017
|
|
|
1,000,000
|
|
|
|
1,166,219
|
|
Fresenius Medical Care U.S. Finance II, Inc.:
|
|
144A, 5.625%, 7/31/2019
|
|
|
405,000
|
|
|
|
444,487
|
|
144A, 5.875%, 1/31/2022
|
|
|
355,000
|
|
|
|
396,269
|
|
Fresenius Medical Care U.S. Finance, Inc.:
|
|
144A, 5.75%, 2/15/2021
|
|
|
235,000
|
|
|
|
259,088
|
|
144A, 6.5%, 9/15/2018
|
|
|
210,000
|
|
|
|
239,400
|
|
Hexion U.S. Finance Corp.:
|
|
6.625%, 4/15/2020
|
|
|
175,000
|
|
|
|
175,438
|
|
8.875%, 2/1/2018
|
|
|
1,240,000
|
|
|
|
1,283,400
|
|
International Lease Finance Corp.:
|
|
3.875%, 4/15/2018
|
|
|
1,370,000
|
|
|
|
1,366,575
|
|
4.625%, 4/15/2021
|
|
|
640,000
|
|
|
|
638,400
|
|
5.75%, 5/15/2016
|
|
|
205,000
|
|
|
|
221,400
|
|
6.25%, 5/15/2019
|
|
|
605,000
|
|
|
|
662,475
|
|
8.625%, 1/15/2022
|
|
|
565,000
|
|
|
|
718,962
|
|
8.75%, 3/15/2017
|
|
|
1,220,000
|
|
|
|
1,435,025
|
|
Level 3 Financing, Inc.:
|
|
144A, 7.0%, 6/1/2020
|
|
|
710,000
|
|
|
|
743,725
|
|
8.125%, 7/1/2019
|
|
|
375,000
|
|
|
|
412,500
|
|
8.625%, 7/15/2020
|
|
|
295,000
|
|
|
|
328,925
|
|
MPT Operating Partnership LP:
|
|
(REIT), 6.375%, 2/15/2022
|
|
|
335,000
|
|
|
|
360,125
|
|
(REIT), 6.875%, 5/1/2021
|
|
|
550,000
|
|
|
|
596,750
|
|
Neuberger Berman Group LLC:
|
|
144A, 5.625%, 3/15/2020
|
|
|
305,000
|
|
|
|
319,488
|
|
144A, 5.875%, 3/15/2022
|
|
|
505,000
|
|
|
|
534,037
|
|
Nielsen Finance LLC, 144A, 4.5%, 10/1/2020
|
|
|
|
280,000
|
|
|
|
279,650
|
|
NII Capital Corp., 7.625%, 4/1/2021
|
|
|
|
290,000
|
|
|
|
208,800
|
|
Odebrecht Finance Ltd., 144A, 6.0%, 4/5/2023
|
|
|
|
672,000
|
|
|
|
752,640
|
|
Pinnacle Foods Finance LLC, 9.25%, 4/1/2015
|
|
|
|
730,000
|
|
|
|
732,737
|
|
Reynolds Group Issuer, Inc.:
|
|
5.75%, 10/15/2020
|
|
|
745,000
|
|
|
|
758,969
|
|
8.5%, 5/15/2018
|
|
|
3,715,000
|
|
|
|
3,905,394
|
|
9.875%, 8/15/2019
|
|
|
115,000
|
|
|
|
126,069
|
|
Sable International Finance Ltd., 144A, 8.75%, 2/1/2020
|
|
|
|
200,000
|
|
|
|
226,000
|
|
Schaeffler Finance BV, 144A, 7.75%, 2/15/2017
|
|
|
|
755,000
|
|
|
|
850,319
|
|
Serta Simmons Holdings LLC, 144A, 8.125%, 10/1/2020
|
|
|
|
210,000
|
|
|
|
218,138
|
|
Sky Growth Acquisition Corp., 144A, 7.375%, 10/15/2020
|
|
|
|
325,000
|
|
|
|
343,687
|
|
Tronox Finance LLC, 144A, 6.375%, 8/15/2020
|
|
|
|
470,000
|
|
|
|
455,900
|
|
U.S. Coatings Acquisition, Inc., 144A, 7.375%, 5/1/2021
|
|
|
|
230,000
|
|
|
|
242,075
|
|
UPCB Finance III Ltd., 144A, 6.625%, 7/1/2020
|
|
|
|
2,090,000
|
|
|
|
2,246,750
|
|
UPCB Finance V Ltd., 144A, 7.25%, 11/15/2021
|
|
|
|
405,000
|
|
|
|
447,525
|
|
UPCB Finance VI Ltd., 144A, 6.875%, 1/15/2022
|
|
|
|
405,000
|
|
|
|
440,437
|
|
Wind Acquisition Finance SA, 144A, 7.25%, 2/15/2018
|
|
|
|
685,000
|
|
|
|
713,256
|
|
WMG Acquisition Corp., 144A, 6.0%, 1/15/2021
|
|
|
|
190,000
|
|
|
|
199,025
|
|
|
|
|
|
47,045,426
|
|
Health Care 6.1%
|
|
Aviv Healthcare Properties LP, 7.75%, 2/15/2019
|
|
|
|
955,000
|
|
|
|
1,026,625
|
|
Biomet, Inc.:
|
|
144A, 6.5%, 8/1/2020
|
|
|
655,000
|
|
|
|
695,119
|
|
144A, 6.5%, 10/1/2020
|
|
|
185,000
|
|
|
|
190,203
|
|
Community Health Systems, Inc.:
|
|
5.125%, 8/15/2018
|
|
|
2,160,000
|
|
|
|
2,262,600
|
|
7.125%, 7/15/2020
|
|
|
1,230,000
|
|
|
|
1,334,550
|
|
HCA Holdings, Inc., 7.75%, 5/15/2021
|
|
|
|
1,275,000
|
|
|
|
1,420,828
|
|
HCA, Inc.:
|
|
5.875%, 3/15/2022
|
|
|
500,000
|
|
|
|
538,750
|
|
6.5%, 2/15/2020
|
|
|
2,155,000
|
|
|
|
2,431,109
|
|
7.5%, 2/15/2022
|
|
|
1,615,000
|
|
|
|
1,857,250
|
|
7.875%, 2/15/2020
|
|
|
2,110,000
|
|
|
|
2,331,550
|
|
Hologic, Inc., 6.25%, 8/1/2020
|
|
|
|
385,000
|
|
|
|
409,544
|
|
IMS Health, Inc., 144A, 6.0%, 11/1/2020
|
|
|
|
465,000
|
|
|
|
484,762
|
|
Physio-Control International, Inc., 144A, 9.875%, 1/15/2019
|
|
|
|
295,000
|
|
|
|
332,613
|
|
STHI Holding Corp., 144A, 8.0%, 3/15/2018
|
|
|
|
325,000
|
|
|
|
355,063
|
|
Tenet Healthcare Corp.:
|
|
144A, 4.5%, 4/1/2021
|
|
|
90,000
|
|
|
|
88,200
|
|
6.25%, 11/1/2018
|
|
|
975,000
|
|
|
|
1,082,250
|
|
|
|
|
|
16,841,016
|
|
Industrials 12.5%
|
|
Accuride Corp., 9.5%, 8/1/2018
|
|
|
|
1,520,000
|
|
|
|
1,554,200
|
|
Aguila 3 SA, 144A, 7.875%, 1/31/2018
|
|
|
|
920,000
|
|
|
|
986,700
|
|
Air Lease Corp.:
|
|
4.75%, 3/1/2020
|
|
|
535,000
|
|
|
|
548,375
|
|
6.125%, 4/1/2017
|
|
|
850,000
|
|
|
|
920,125
|
|
BE Aerospace, Inc., 6.875%, 10/1/2020
|
|
|
|
6,910,000
|
|
|
|
7,644,187
|
|
Belden, Inc., 144A, 5.5%, 9/1/2022
|
|
|
|
660,000
|
|
|
|
676,500
|
|
Bombardier, Inc.:
|
|
144A, 5.75%, 3/15/2022
|
|
|
815,000
|
|
|
|
836,394
|
|
144A, 6.125%, 1/15/2023
|
|
|
530,000
|
|
|
|
549,875
|
|
Building Materials Corp. of America, 144A, 7.5%, 3/15/2020
|
|
|
|
6,000,000
|
|
|
|
6,555,000
|
|
Casella Waste Systems, Inc., 7.75%, 2/15/2019
|
|
|
|
820,000
|
|
|
|
781,050
|
|
Clean Harbors, Inc., 144A, 5.125%, 6/1/2021
|
|
|
|
475,000
|
|
|
|
486,281
|
|
DigitalGlobe, Inc., 144A, 5.25%, 2/1/2021
|
|
|
|
270,000
|
|
|
|
268,313
|
|
Ducommun, Inc., 9.75%, 7/15/2018
|
|
|
|
320,000
|
|
|
|
352,000
|
|
DynCorp International, Inc., 10.375%, 7/1/2017
|
|
|
|
1,500,000
|
|
|
|
1,477,500
|
|
Florida East Coast Railway Corp., 8.125%, 2/1/2017
|
|
|
|
435,000
|
|
|
|
466,538
|
|
FTI Consulting, Inc., 144A, 6.0%, 11/15/2022
|
|
|
|
375,000
|
|
|
|
396,563
|
|
GenCorp, Inc., 144A, 7.125%, 3/15/2021
|
|
|
|
1,340,000
|
|
|
|
1,413,700
|
|
Huntington Ingalls Industries, Inc.:
|
|
6.875%, 3/15/2018
|
|
|
535,000
|
|
|
|
581,813
|
|
7.125%, 3/15/2021
|
|
|
110,000
|
|
|
|
119,625
|
|
Interline Brands, Inc., 7.5%, 11/15/2018
|
|
|
|
200,000
|
|
|
|
217,000
|
|
Iron Mountain, Inc., 5.75%, 8/15/2024
|
|
|
|
460,000
|
|
|
|
459,425
|
|
Kenan Advantage Group, Inc., 144A, 8.375%, 12/15/2018
|
|
|
|
725,000
|
|
|
|
761,250
|
|
Navios Maritime Holdings, Inc.:
|
|
8.125%, 2/15/2019
|
|
|
770,000
|
|
|
|
696,850
|
|
8.875%, 11/1/2017
|
|
|
1,035,000
|
|
|
|
1,056,994
|
|
Navios South American Logistics, Inc., 144A, 9.25%, 4/15/2019
|
|
|
|
100,000
|
|
|
|
107,500
|
|
Ply Gem Industries, Inc., 9.375%, 4/15/2017
|
|
|
|
160,000
|
|
|
|
176,000
|
|
Rexel SA, 144A, 5.25%, 6/15/2020 (b)
|
|
|
|
490,000
|
|
|
|
496,125
|
|
Spirit AeroSystems, Inc., 6.75%, 12/15/2020
|
|
|
|
955,000
|
|
|
|
1,019,462
|
|
Titan International, Inc., 144A, 7.875%, 10/1/2017
|
|
|
|
240,000
|
|
|
|
258,300
|
|
United Rentals North America, Inc.:
|
|
5.75%, 7/15/2018
|
|
|
690,000
|
|
|
|
747,787
|
|
6.125%, 6/15/2023
|
|
|
45,000
|
|
|
|
48,150
|
|
7.375%, 5/15/2020
|
|
|
565,000
|
|
|
|
627,150
|
|
7.625%, 4/15/2022
|
|
|
565,000
|
|
|
|
631,387
|
|
Watco Companies LLC, 144A, 6.375%, 4/1/2023
|
|
|
|
275,000
|
|
|
|
282,906
|
|
Welltec AS, 144A, 8.0%, 2/1/2019
|
|
|
|
200,000
|
|
|
|
218,500
|
|
|
|
|
|
34,419,525
|
|
Information Technology 6.9%
|
|
Alliance Data Systems Corp., 144A, 5.25%, 12/1/2017
|
|
|
|
470,000
|
|
|
|
487,625
|
|
Avaya, Inc., 144A, 7.0%, 4/1/2019
|
|
|
|
1,605,000
|
|
|
|
1,568,887
|
|
CDW LLC, 8.5%, 4/1/2019
|
|
|
|
3,210,000
|
|
|
|
3,583,162
|
|
CyrusOne LP, 144A, 6.375%, 11/15/2022
|
|
|
|
185,000
|
|
|
|
193,788
|
|
eAccess Ltd., 144A, 8.25%, 4/1/2018
|
|
|
|
315,000
|
|
|
|
348,863
|
|
Equinix, Inc.:
|
|
4.875%, 4/1/2020
|
|
|
480,000
|
|
|
|
483,600
|
|
5.375%, 4/1/2023
|
|
|
1,275,000
|
|
|
|
1,290,938
|
|
7.0%, 7/15/2021
|
|
|
440,000
|
|
|
|
488,400
|
|
8.125%, 3/1/2018
|
|
|
230,000
|
|
|
|
254,150
|
|
First Data Corp.:
|
|
144A, 6.75%, 11/1/2020
|
|
|
1,305,000
|
|
|
|
1,360,463
|
|
144A, 7.375%, 6/15/2019
|
|
|
475,000
|
|
|
|
505,281
|
|
144A, 10.625%, 6/15/2021 (b)
|
|
|
740,000
|
|
|
|
748,325
|
|
144A, 11.25%, 1/15/2021
|
|
|
480,000
|
|
|
|
499,200
|
|
Freescale Semiconductor, Inc., 144A, 9.25%, 4/15/2018
|
|
|
|
1,275,000
|
|
|
|
1,399,312
|
|
Hughes Satellite Systems Corp.:
|
|
6.5%, 6/15/2019
|
|
|
850,000
|
|
|
|
932,875
|
|
7.625%, 6/15/2021
|
|
|
435,000
|
|
|
|
497,531
|
|
IAC/InterActiveCorp., 144A, 4.75%, 12/15/2022
|
|
|
|
355,000
|
|
|
|
347,013
|
|
Jabil Circuit, Inc., 5.625%, 12/15/2020
|
|
|
|
3,750,000
|
|
|
|
3,975,000
|
|
|
|
|
|
18,964,413
|
|
Materials 8.0%
|
|
APERAM:
|
|
144A, 7.375%, 4/1/2016
|
|
|
155,000
|
|
|
|
156,163
|
|
144A, 7.75%, 4/1/2018
|
|
|
210,000
|
|
|
|
208,950
|
|
Ashland, Inc., 144A, 3.875%, 4/15/2018
|
|
|
|
270,000
|
|
|
|
273,375
|
|
Axiall Corp., 144A, 4.875%, 5/15/2023
|
|
|
|
110,000
|
|
|
|
111,925
|
|
Berry Plastics Corp., 9.75%, 1/15/2021
|
|
|
|
1,290,000
|
|
|
|
1,507,687
|
|
Continental Rubber of America Corp., 144A, 4.5%, 9/15/2019
|
|
|
|
295,000
|
|
|
|
301,638
|
|
Crown Americas LLC, 6.25%, 2/1/2021
|
|
|
|
105,000
|
|
|
|
114,713
|
|
Eagle Spinco, Inc., 144A, 4.625%, 2/15/2021
|
|
|
|
225,000
|
|
|
|
228,938
|
|
Essar Steel Algoma, Inc.:
|
|
144A, 9.375%, 3/15/2015
|
|
|
3,055,000
|
|
|
|
2,932,800
|
|
144A, 9.875%, 6/15/2015
|
|
|
195,000
|
|
|
|
158,438
|
|
Exopack Holding Corp., 10.0%, 6/1/2018
|
|
|
|
435,000
|
|
|
|
432,825
|
|
FMG Resources August 2006 Pty Ltd.:
|
|
144A, 6.0%, 4/1/2017
|
|
|
605,000
|
|
|
|
621,637
|
|
144A, 6.875%, 4/1/2022
|
|
|
435,000
|
|
|
|
455,663
|
|
144A, 7.0%, 11/1/2015
|
|
|
635,000
|
|
|
|
665,162
|
|
144A, 8.25%, 11/1/2019
|
|
|
520,000
|
|
|
|
560,950
|
|
Huntsman International LLC:
|
|
4.875%, 11/15/2020
|
|
|
420,000
|
|
|
|
423,150
|
|
8.625%, 3/15/2020
|
|
|
585,000
|
|
|
|
653,737
|
|
IAMGOLD Corp., 144A, 6.75%, 10/1/2020
|
|
|
|
555,000
|
|
|
|
534,187
|
|
Ineos Finance PLC, 144A, 9.0%, 5/15/2015
|
|
|
|
700,000
|
|
|
|
736,750
|
|
Inmet Mining Corp.:
|
|
144A, 7.5%, 6/1/2021
|
|
|
1,035,000
|
|
|
|
1,120,387
|
|
144A, 8.75%, 6/1/2020
|
|
|
610,000
|
|
|
|
677,100
|
|
JMC Steel Group, Inc., 144A, 8.25%, 3/15/2018
|
|
|
|
325,000
|
|
|
|
344,500
|
|
Kaiser Aluminum Corp., 8.25%, 6/1/2020
|
|
|
|
490,000
|
|
|
|
548,800
|
|
KGHM International Ltd., 144A, 7.75%, 6/15/2019
|
|
|
|
1,180,000
|
|
|
|
1,239,000
|
|
LyondellBasell Industries NV, 6.0%, 11/15/2021
|
|
|
|
200,000
|
|
|
|
237,000
|
|
Molycorp, Inc., 10.0%, 6/1/2020
|
|
|
|
165,000
|
|
|
|
162,525
|
|
Novelis, Inc.:
|
|
8.375%, 12/15/2017
|
|
|
1,595,000
|
|
|
|
1,746,525
|
|
8.75%, 12/15/2020
|
|
|
1,550,000
|
|
|
|
1,747,625
|
|
Packaging Dynamics Corp., 144A, 8.75%, 2/1/2016
|
|
|
|
610,000
|
|
|
|
638,212
|
|
Perstorp Holding AB, 144A, 8.75%, 5/15/2017
|
|
|
|
400,000
|
|
|
|
423,000
|
|
Polymer Group, Inc., 7.75%, 2/1/2019
|
|
|
|
590,000
|
|
|
|
643,100
|
|
PolyOne Corp., 144A, 5.25%, 3/15/2023
|
|
|
|
1,010,000
|
|
|
|
1,017,575
|
|
Rain CII Carbon LLC, 144A, 8.25%, 1/15/2021
|
|
|
|
285,000
|
|
|
|
307,800
|
|
Sealed Air Corp., 144A, 5.25%, 4/1/2023
|
|
|
|
90,000
|
|
|
|
90,338
|
|
|
|
|
|
22,022,175
|
|
Telecommunication Services 21.9%
|
|
Altice Finco SA, 144A, 9.875%, 12/15/2020
|
|
|
|
420,000
|
|
|
|
470,400
|
|
CenturyLink, Inc., Series V, 5.625%, 4/1/2020
|
|
|
|
180,000
|
|
|
|
184,050
|
|
Cincinnati Bell, Inc., 8.25%, 10/15/2017
|
|
|
|
5,575,000
|
|
|
|
5,909,500
|
|
CPI International, Inc., 8.0%, 2/15/2018
|
|
|
|
500,000
|
|
|
|
520,000
|
|
Cricket Communications, Inc., 7.75%, 10/15/2020
|
|
|
|
4,005,000
|
|
|
|
3,994,987
|
|
Digicel Group Ltd.:
|
|
144A, 8.25%, 9/30/2020
|
|
|
755,000
|
|
|
|
800,300
|
|
144A, 10.5%, 4/15/2018
|
|
|
1,170,000
|
|
|
|
1,301,625
|
|
Digicel Ltd.:
|
|
144A, 7.0%, 2/15/2020
|
|
|
200,000
|
|
|
|
209,000
|
|
144A, 8.25%, 9/1/2017
|
|
|
835,000
|
|
|
|
883,012
|
|
Frontier Communications Corp.:
|
|
7.125%, 1/15/2023
|
|
|
2,450,000
|
|
|
|
2,480,625
|
|
7.625%, 4/15/2024 (b)
|
|
|
195,000
|
|
|
|
200,606
|
|
8.5%, 4/15/2020
|
|
|
1,900,000
|
|
|
|
2,151,750
|
|
Intelsat Jackson Holdings SA:
|
|
7.25%, 10/15/2020
|
|
|
5,905,000
|
|
|
|
6,488,119
|
|
7.5%, 4/1/2021
|
|
|
2,135,000
|
|
|
|
2,375,187
|
|
8.5%, 11/1/2019
|
|
|
1,100,000
|
|
|
|
1,233,375
|
|
Intelsat Luxembourg SA:
|
|
144A, 7.75%, 6/1/2021 (b)
|
|
|
1,185,000
|
|
|
|
1,205,737
|
|
144A, 8.125%, 6/1/2023 (b)
|
|
|
185,000
|
|
|
|
188,006
|
|
11.5%, 2/4/2017 (PIK)
|
|
|
2,146,718
|
|
|
|
2,279,815
|
|
Level 3 Communications, Inc., 144A, 8.875%, 6/1/2019
|
|
|
|
55,000
|
|
|
|
60,088
|
|
Lynx I Corp., 144A, 5.375%, 4/15/2021
|
|
|
|
200,000
|
|
|
|
208,000
|
|
MetroPCS Wireless, Inc.:
|
|
6.625%, 11/15/2020
|
|
|
2,200,000
|
|
|
|
2,299,000
|
|
7.875%, 9/1/2018
|
|
|
835,000
|
|
|
|
912,237
|
|
SBA Communications Corp., 144A, 5.625%, 10/1/2019
|
|
|
|
370,000
|
|
|
|
380,638
|
|
Sprint Nextel Corp.:
|
|
6.0%, 12/1/2016
|
|
|
3,710,000
|
|
|
|
4,025,350
|
|
6.0%, 11/15/2022
|
|
|
630,000
|
|
|
|
647,325
|
|
9.125%, 3/1/2017
|
|
|
295,000
|
|
|
|
348,838
|
|
Syniverse Holdings, Inc., 9.125%, 1/15/2019
|
|
|
|
255,000
|
|
|
|
279,863
|
|
Telesat Canada, 144A, 6.0%, 5/15/2017
|
|
|
|
4,185,000
|
|
|
|
4,373,325
|
|
tw telecom holdings, Inc., 5.375%, 10/1/2022
|
|
|
|
520,000
|
|
|
|
542,100
|
|
Windstream Corp.:
|
|
144A, 6.375%, 8/1/2023
|
|
|
450,000
|
|
|
|
446,625
|
|
7.5%, 6/1/2022
|
|
|
315,000
|
|
|
|
337,050
|
|
7.5%, 4/1/2023
|
|
|
160,000
|
|
|
|
169,600
|
|
7.75%, 10/15/2020
|
|
|
355,000
|
|
|
|
385,175
|
|
7.75%, 10/1/2021
|
|
|
625,000
|
|
|
|
681,250
|
|
8.125%, 9/1/2018
|
|
|
10,500,000
|
|
|
|
11,497,500
|
|
|
|
|
|
60,470,058
|
|
Utilities 5.2%
|
|
AES Corp.:
|
|
7.75%, 10/15/2015
|
|
|
1,930,000
|
|
|
|
2,168,837
|
|
8.0%, 10/15/2017
|
|
|
2,200,000
|
|
|
|
2,587,750
|
|
Calpine Corp., 144A, 7.875%, 7/31/2020
|
|
|
|
3,350,000
|
|
|
|
3,668,250
|
|
DPL, Inc., 6.5%, 10/15/2016
|
|
|
|
2,395,000
|
|
|
|
2,526,725
|
|
Electricite de France SA, 144A, 5.25%, 1/29/2049
|
|
|
|
430,000
|
|
|
|
427,179
|
|
Energy Future Holdings Corp., Series Q, 6.5%, 11/15/2024
|
|
|
|
525,000
|
|
|
|
355,031
|
|
Energy Future Intermediate Holding Co., LLC, 10.0%, 12/1/2020
|
|
|
|
130,000
|
|
|
|
147,388
|
|
IPALCO Enterprises, Inc., 5.0%, 5/1/2018
|
|
|
|
1,290,000
|
|
|
|
1,393,200
|
|
NRG Energy, Inc.:
|
|
7.625%, 1/15/2018
|
|
|
380,000
|
|
|
|
432,250
|
|
8.25%, 9/1/2020
|
|
|
580,000
|
|
|
|
654,675
|
|
|
|
|
|
14,361,285
|
|
Total Corporate Bonds
(Cost $310,415,228)
|
|
|
|
327,607,999
|
|
|
|
Government & Agency Obligation 0.4%
|
|
Sovereign Bonds
|
|
Republic of Croatia, 144A, 6.25%, 4/27/2017 (Cost $1,114,087)
|
|
|
|
1,120,000
|
|
|
|
1,199,688
|
|
|
|
Loan Participations and Assignments 21.1%
|
|
Senior Loans*
|
|
Consumer Discretionary 6.9%
|
|
Burger King Corp., Term Loan B, 3.75%, 9/27/2019
|
|
|
|
796,000
|
|
|
|
807,228
|
|
Caesars Entertainment Operating Co., Term Loan B6, 5.454%, 1/26/2018
|
|
|
|
476,638
|
|
|
|
442,878
|
|
Clear Channel Communications, Inc., Term Loan B, 3.854%, 1/29/2016
|
|
|
|
477,436
|
|
|
|
424,500
|
|
Cumulus Media Holdings, Inc., Second Lien Term Loan, 7.5%, 9/16/2019
|
|
|
|
605,000
|
|
|
|
626,680
|
|
Goodyear Tire & Rubber Co., Second Lien Term Loan, 4.75%, 4/30/2019
|
|
|
|
4,770,000
|
|
|
|
4,821,659
|
|
Lord & Taylor Holdings LLC, Term Loan B, 5.75%, 1/11/2019
|
|
|
|
826,286
|
|
|
|
835,842
|
|
Petco Animal Supplies, Inc., Term Loan, 4.0%, 11/24/2017
|
|
|
|
719,172
|
|
|
|
730,097
|
|
Pilot Travel Centers LLC:
|
|
Term Loan B, 3.75%, 3/30/2018
|
|
|
|
1,106,251
|
|
|
|
1,120,632
|
|
Term Loan B2, 4.25%, 8/7/2019
|
|
|
|
2,940,225
|
|
|
|
2,980,197
|
|
Tomkins LLC:
|
|
Term Loan B2, 3.75%, 9/29/2016
|
|
|
|
4,127,511
|
|
|
|
4,179,126
|
|
First Lien Term Loan, 5.0%, 11/9/2018
|
|
|
|
693,263
|
|
|
|
704,528
|
|
Univision Communications, Inc., Term Loan, 4.75%, 3/2/2020
|
|
|
|
747,489
|
|
|
|
752,509
|
|
WMG Acquisition Corp., Term Loan, 5.25%, 11/1/2018
|
|
|
|
548,063
|
|
|
|
557,569
|
|
|
|
|
|
18,983,445
|
|
Consumer Staples 2.2%
|
|
Albertson's LLC, Term Loan, 5.75%, 3/21/2016
|
|
|
|
1,445,000
|
|
|
|
1,471,704
|
|
Del Monte Foods Co., Term Loan, 4.0%, 3/8/2018
|
|
|
|
1,941,416
|
|
|
|
1,962,198
|
|
HJ Heinz Co., Term Loan B2, 2.5%, 3/27/2020
|
|
|
|
1,620,000
|
|
|
|
1,635,860
|
|
Pinnacle Foods Finance LLC, Term Loan F, 4.75%, 10/17/2018
|
|
|
|
1,101,675
|
|
|
|
1,115,997
|
|
|
|
|
|
6,185,759
|
|
Energy 2.6%
|
|
Chesapeake Energy Corp., Term Loan, 5.75%, 12/1/2017
|
|
|
|
1,440,000
|
|
|
|
1,486,627
|
|
Plains Exploration & Production, 7 year Term Loan, 4.0%, 11/30/2019
|
|
|
|
1,290,000
|
|
|
|
1,294,837
|
|
Samson Investment Co., Second Lien Term Loan, 6.0%, 9/25/2018
|
|
|
|
2,215,000
|
|
|
|
2,244,770
|
|
Tallgrass Operations LLC, Term Loan, 5.25%, 11/13/2018
|
|
|
|
2,204,475
|
|
|
|
2,251,331
|
|
|
|
|
|
7,277,565
|
|
Health Care 1.2%
|
|
Par Pharmaceutical Companies, Inc., Term Loan B, 4.25%, 9/30/2019
|
|
|
|
1,283,558
|
|
|
|
1,298,929
|
|
Warner Chilcott Co., LLC, Term Loan B2, 4.25%, 3/15/2018
|
|
|
|
187,028
|
|
|
|
190,360
|
|
Warner Chilcott Corp., Term Loan B1, 4.25%, 3/15/2018
|
|
|
|
757,566
|
|
|
|
771,062
|
|
WC Luxco S.a.r.l., Term Loan B3, 4.25%, 3/15/2018
|
|
|
|
415,919
|
|
|
|
423,328
|
|
WP Prism, Inc., Term Loan, 6.25%, 5/31/2018 (PIK)
|
|
|
|
500,000
|
|
|
|
496,250
|
|
|
|
|
|
3,179,929
|
|
Industrials 1.0%
|
|
Buffalo Gulf Coast Terminals LLC, Term Loan, 5.25%, 10/31/2017
|
|
|
|
825,850
|
|
|
|
844,432
|
|
WP CPP Holdings, Inc., First Lien Term Loan, 4.75%, 12/27/2019
|
|
|
|
1,960,000
|
|
|
|
1,970,613
|
|
|
|
|
|
2,815,045
|
|
Information Technology 2.7%
|
|
First Data Corp.:
|
|
Term Loan B, 4.204%, 3/23/2018
|
|
|
|
3,987,082
|
|
|
|
3,980,363
|
|
Term Loan, 5.204%, 3/24/2017
|
|
|
|
3,320,000
|
|
|
|
3,353,615
|
|
|
|
|
|
7,333,978
|
|
Telecommunication Services 4.1%
|
|
Crown Castle International Corp., Term Loan B, 4.0%, 1/31/2019
|
|
|
|
4,873,387
|
|
|
|
4,936,083
|
|
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/24/2020
|
|
|
|
75,000
|
|
|
|
76,137
|
|
Kabel Deutschland GmbH, Term Loan F1, 3.25%, 2/1/2019
|
|
|
|
4,967,730
|
|
|
|
5,031,889
|
|
MetroPCS Wireless, Inc., Term Loan B3, 4.0%, 3/16/2018
|
|
|
|
1,374,472
|
|
|
|
1,381,832
|
|
|
|
|
|
11,425,941
|
|
Utilities 0.4%
|
|
NRG Energy, Inc., Term Loan B, 3.25%, 7/2/2018
|
|
|
|
1,121,439
|
|
|
|
1,138,205
|
|
Total Loan Participations and Assignments
(Cost $57,302,720)
|
|
|
|
58,339,867
|
|