PRINCIPAL AMOUNT($)
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|
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VALUE($)†
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Bank Loan Obligationsµ (5.6%)
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|
|
|
|
All Telecom (0.3%)
|
|
|
|
|
738,150
|
|
Integra Telecom, Term Loan B, 5.25%, due 2/22/19
|
|
746,454
|
|
|
|
|
|
Automotive (0.4%)
|
|
|
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|
1,227,600
|
|
Navistar, Inc., Term Loan B, 5.75%, due 8/17/17
|
|
1,250,102
|
|
|
|
|
|
Business Equipment & Services (0.3%)
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|
|
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938,331
|
|
Ceridian Corp., Term Loan, 5.94%, due 5/9/17
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|
943,314
|
|
|
|
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|
Chemicals & Plastics (0.2%)
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|
|
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658,350
|
|
Dupont Performance Coatings, Term Loan B, 4.75%, due 2/1/20
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|
664,841
|
|
|
|
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|
Electronics - Electrical (0.3%)
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757,052
|
|
Datatel-Sophia LP, Term Loan B, 4.50%, due 7/19/18
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|
763,109
|
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|
|
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|
Financial Intermediaries (0.2%)
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|
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552,007
|
|
First Data Corporation, Term Loan, 4.19%, due 3/24/17
|
|
551,489
|
|
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|
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Health Care (0.6%)
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1,548,130
|
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United Surgical Partners International, Inc., Term Loan B, 4.75%, due 4/3/19
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|
1,556,521
|
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|
|
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Lodging & Casinos (1.4%)
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|
|
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|
4,000
|
|
Graton Resort & Casino, First Lien Term Loan B, 9.00%, due 8/22/18
|
|
4,166
|
|
|
2,885,000
|
|
Scientific Games Corp., Term Loan B, due 5/24/20
|
|
2,875,999
|
¢^^
|
|
992,513
|
|
Station Casinos, Term Loan B, 5.00%, due 3/2/20
|
|
1,001,197
|
|
|
|
|
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3,881,362
|
|
Oil & Gas (1.3%)
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|
|
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3,534,000
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Chesapeake Energy, Term Loan B, 5.75%, due 12/2/17
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|
3,619,417
|
¢^^
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Radio & Television (0.5%)
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|
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1,394,000
|
|
Clear Channel, Term Loan B, due 1/29/16
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|
1,301,215
|
¢^^
|
|
245,385
|
|
Univision Communications, Inc., Term Loan, 4.00%, due 3/1/20
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|
244,669
|
|
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1,545,884
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Utilities (0.1%)
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188,615
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Dynegy Holdings Inc., Term Loan B-2, 4.00%, due 4/23/20
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189,381
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|
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|
Total Bank Loan Obligations (Cost $15,487,850)
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15,711,874
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Corporate Debt Securities (129.5%)
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Airlines (1.0%)
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815,000
|
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American Airlines, Inc., Equipment Trust, Ser. 2013-2, Class A, 4.95%, due 1/15/23
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822,172
|
ñ
|
|
1,085,000
|
|
United Airlines, Inc., Senior Secured Notes, 6.75%, due 9/15/15
|
|
1,120,262
|
ñ
|
|
632,520
|
|
United Airlines, Inc., Pass-Through Certificates, Ser. 2009-2, Class A, 9.75%, due 1/15/17
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722,654
|
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2,665,088
|
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Auto Loans (0.2%)
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|
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445,000
|
|
General Motors Financial Co., Inc., Senior Unsecured Notes, 3.25%, due 5/15/18
|
|
434,988
|
ñ
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|
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Auto Parts & Equipment (0.8%)
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|
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1,785,000
|
|
Goodyear Tire & Rubber Co., Guaranteed Notes, 6.50%, due 3/1/21
|
|
1,867,556
|
|
|
330,000
|
|
Schaeffler Holding Finance BV, Senior Secured Notes, 6.88%, due 8/15/18
|
|
336,600
|
ñc
|
|
|
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2,204,156
|
|
Automakers (1.0%)
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|
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840,000
|
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Ford Motor Co., Senior Unsecured Notes, 9.98%, due 2/15/47
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1,171,569
|
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1,540,000
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Navistar Int'l Corp., Guaranteed Notes, 8.25%, due 11/1/21
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1,574,650
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2,746,219
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|
Banking (2.7%)
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2,915,000
|
|
Ally Financial, Inc., Guaranteed Notes, 6.25%, due 12/1/17
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|
3,159,327
|
|
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3,820,000
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|
Ally Financial, Inc., Guaranteed Notes, 8.00%, due 3/15/20
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|
4,498,050
|
ØØ
|
|
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7,657,377
|
|
Building & Construction (1.4%)
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1,245,000
|
|
D.R. Horton, Inc., Guaranteed Notes, 5.75%, due 8/15/23
|
|
1,245,000
|
|
|
185,000
|
|
Lennar Corp., Guaranteed Notes, 4.75%, due 12/15/17
|
|
188,931
|
|
|
1,725,000
|
|
Lennar Corp., Guaranteed Notes, 5.00%, due 11/15/22
|
|
1,656,000
|
ñ
|
|
490,000
|
|
Standard Pacific Corp., Guaranteed Notes, 8.38%, due 1/15/21
|
|
564,725
|
|
|
185,000
|
|
Taylor Morrison Communities, Inc./Monarch Communities, Inc., Guaranteed Notes, 5.25%, due 4/15/21
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|
178,063
|
ñ
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|
|
|
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3,832,719
|
|
Building Materials (2.2%)
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|
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|
245,000
|
|
Associated Materials LLC/AMH New Finance, Inc., Senior Secured Notes, 9.13%, due 11/1/17
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|
264,294
|
|
|
310,000
|
|
Associated Materials LLC/AMH New Finance, Inc., Senior Secured Notes, 9.13%, due 11/1/17
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|
334,413
|
ñ
|
|
905,000
|
|
Masco Corp., Senior Unsecured Notes, 6.13%, due 10/3/16
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|
1,009,075
|
|
|
1,990,000
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USG Corp., Senior Unsecured Notes, 9.75%, due 1/15/18
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|
2,300,937
|
|
|
2,050,000
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|
USG Corp., Guaranteed Notes, 8.38%, due 10/15/18
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|
2,239,625
|
ñ
|
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6,148,344
|
|
Chemicals (4.3%)
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|
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|
555,000
|
|
Huntsman Int'l LLC, Guaranteed Notes, 8.63%, due 3/15/20
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621,600
|
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|
1,565,000
|
|
Huntsman Int'l LLC, Guaranteed Notes, 8.63%, due 3/15/21
|
|
1,764,537
|
|
|
300,000
|
|
INEOS Group Holdings SA, Guaranteed Notes, 6.13%, due 8/15/18
|
|
292,500
|
ñ
|
|
785,000
|
|
Momentive Performance Materials, Inc., Senior Secured Notes, 8.88%, due 10/15/20
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|
836,025
|
|
|
6,058,000
|
|
Momentive Performance Materials, Inc., Secured Notes, 9.00%, due 1/15/21
|
|
5,527,925
|
|
|
2,390,000
|
|
PQ Corp., Secured Notes, 8.75%, due 5/1/18
|
|
2,521,450
|
ñ
|
|
535,000
|
|
US Coatings Acquisition, Inc., Guaranteed Notes, 7.38%, due 5/1/21
|
|
554,394
|
ñ
|
|
|
|
|
|
12,118,431
|
|
Computer Hardware (0.6%)
|
|
|
|
|
1,505,000
|
|
Seagate HDD Cayman, Guaranteed Notes, 7.00%, due 11/1/21
|
|
1,636,688
|
|
|
|
|
|
Consumer - Commercial Lease Financing (4.8%)
|
|
|
|
|
190,000
|
|
CIT Group, Inc., Senior Unsecured Notes, 5.25%, due 3/15/18
|
|
201,875
|
|
|
1,215,000
|
|
CIT Group, Inc., Senior Unsecured Notes, 6.63%, due 4/1/18
|
|
1,342,575
|
ñ
|
|
2,600,000
|
|
CIT Group, Inc., Senior Unsecured Notes, 5.50%, due 2/15/19
|
|
2,726,750
|
ñ
|
|
935,000
|
|
CIT Group, Inc., Senior Unsecured Notes, 5.38%, due 5/15/20
|
|
977,075
|
|
|
1,040,000
|
|
Int'l Lease Finance Corp., Senior Unsecured Notes, 8.63%, due 9/15/15
|
|
1,151,800
|
|
|
2,340,000
|
|
Int'l Lease Finance Corp., Senior Unsecured Notes, 8.75%, due 3/15/17
|
|
2,685,150
|
|
|
1,640,000
|
|
Int'l Lease Finance Corp., Senior Unsecured Notes, 8.88%, due 9/1/17
|
|
1,902,400
|
|
|
180,000
|
|
Int'l Lease Finance Corp., Senior Unsecured Notes, 5.88%, due 4/1/19
|
|
188,100
|
|
|
1,420,000
|
|
Int'l Lease Finance Corp., Senior Unsecured Notes, 6.25%, due 5/15/19
|
|
1,498,100
|
|
|
575,000
|
|
Int'l Lease Finance Corp., Senior Unsecured Notes, 8.63%, due 1/15/22
|
|
682,812
|
|
|
|
|
|
|
13,356,637
|
|
Department Stores (1.6%)
|
|
|
|
|
4,680,000
|
|
Sears Holdings Corp., Secured Notes, 6.63%, due 10/15/18
|
|
4,527,900
|
|
|
|
|
|
Electric - Generation (3.3%)
|
|
|
|
|
565,000
|
|
NRG Energy, Inc., Guaranteed Notes, 7.63%, due 1/15/18
|
|
629,975
|
|
|
1,655,000
|
|
NRG Energy, Inc., Guaranteed Notes, 7.63%, due 5/15/19
|
|
1,746,025
|
|
|
2,775,000
|
|
NRG Energy, Inc., Guaranteed Notes, 8.25%, due 9/1/20
|
|
3,080,250
|
|
|
3,315,000
|
|
NRG Energy, Inc., Guaranteed Notes, 7.88%, due 5/15/21
|
|
3,646,500
|
ØØ
|
|
|
|
|
|
9,102,750
|
|
Electric - Integrated (0.7%)
|
|
|
|
|
1,735,000
|
|
IPALCO Enterprises, Inc., Senior Secured Notes, 7.25%, due 4/1/16
|
|
1,912,838
|
ñ
|
|
|
|
|
Electronics (3.4%)
|
|
|
|
|
870,000
|
|
Amkor Technology, Inc., Senior Unsecured Notes, 6.38%, due 10/1/22
|
|
865,650
|
|
|
615,000
|
|
Amkor Technology, Inc., Senior Unsecured Notes, 6.38%, due 10/1/22
|
|
610,388
|
ñ
|
|
1,655,000
|
|
Ceridian Corp., Guaranteed Notes, 11.25%, due 11/15/15
|
|
1,683,962
|
|
|
810,125
|
|
Ceridian Corp., Guaranteed Notes, 12.25%, due 11/15/15
|
|
826,328
|
c
|
|
760,000
|
|
Ceridian Corp., Senior Secured Notes, 8.88%, due 7/15/19
|
|
860,700
|
ñ
|
|
835,000
|
|
Flextronics Int'l Ltd., Guaranteed Notes, 4.63%, due 2/15/20
|
|
830,825
|
ñ
|
|
1,360,000
|
|
Flextronics Int'l Ltd., Guaranteed Notes, 5.00%, due 2/15/23
|
|
1,339,600
|
ñ
|
|
1,555,000
|
|
Freescale Semiconductor, Inc., Senior Secured Notes, 9.25%, due 4/15/18
|
|
1,685,231
|
ñ
|
|
870,000
|
|
Freescale Semiconductor, Inc., Guaranteed Notes, 8.05%, due 2/1/20
|
|
928,725
|
|
|
|
|
|
|
9,631,409
|
|
Energy - Exploration & Production (12.9%)
|
|
|
|
|
1,535,000
|
|
Chesapeake Energy Corp., Guaranteed Notes, 6.50%, due 8/15/17
|
|
1,673,150
|
|
|
1,060,000
|
|
Chesapeake Energy Corp., Guaranteed Notes, 6.63%, due 8/15/20
|
|
1,150,100
|
|
|
835,000
|
|
Chesapeake Energy Corp., Guaranteed Notes, 6.13%, due 2/15/21
|
|
885,100
|
|
|
500,000
|
|
Chesapeake Energy Corp., Guaranteed Notes, 5.75%, due 3/15/23
|
|
503,750
|
|
|
789,000
|
|
Concho Resources, Inc., Guaranteed Notes, 5.50%, due 4/1/23
|
|
787,027
|
|
|
520,000
|
|
Denbury Resources, Inc., Guaranteed Notes, 8.25%, due 2/15/20
|
|
572,000
|
|
|
4,337,000
|
|
EP Energy LLC/EP Energy Finance, Inc., Senior Unsecured Notes, 9.38%, due 5/1/20
|
|
4,922,495
|
|
|
1,025,000
|
|
EP Energy LLC/Everest Acquisition Finance, Inc., Guaranteed Notes, 7.75%, due 9/1/22
|
|
1,127,500
|
|
|
573,592
|
|
EPE Holdings LLC/EP Energy Bond Co., Inc., Senior Unsecured Notes, 8.13%, due 12/15/17
|
|
587,932
|
ñc
|
|
4,630,000
|
|
EXCO Resources, Inc., Guaranteed Notes, 7.50%, due 9/15/18
|
|
4,537,400
|
ØØ
|
|
705,000
|
|
Forest Oil Corp., Guaranteed Notes, 7.25%, due 6/15/19
|
|
696,187
|
|
|
325,000
|
|
Forest Oil Corp., Guaranteed Notes, 7.50%, due 9/15/20
|
|
316,063
|
ñ
|
|
2,485,000
|
|
Linn Energy LLC, Guaranteed Notes, 6.25%, due 11/1/19
|
|
2,335,900
|
ñ
|
|
1,255,000
|
|
Linn Energy LLC, Guaranteed Notes, 8.63%, due 4/15/20
|
|
1,305,200
|
|
|
2,635,000
|
|
Linn Energy LLC, Guaranteed Notes, 7.75%, due 2/1/21
|
|
2,661,350
|
|
|
3,955,000
|
|
Newfield Exploration Co., Senior Unsecured Notes, 5.75%, due 1/30/22
|
|
4,073,650
|
|
|
625,000
|
|
Newfield Exploration Co., Senior Unsecured Notes, 5.63%, due 7/1/24
|
|
625,000
|
|
|
1,085,000
|
|
Rosetta Resources, Inc., Guaranteed Notes, 5.63%, due 5/1/21
|
|
1,085,000
|
|
|
3,205,000
|
|
SandRidge Energy, Inc., Guaranteed Notes, 7.50%, due 3/15/21
|
|
3,172,950
|
|
|
905,000
|
|
SandRidge Energy, Inc., Guaranteed Notes, 8.13%, due 10/15/22
|
|
918,575
|
|
|
530,000
|
|
SandRidge Energy, Inc., Guaranteed Notes, 7.50%, due 2/15/23
|
|
519,400
|
|
|
555,000
|
|
WPX Energy, Inc., Senior Unsecured Notes, 5.25%, due 1/15/17
|
|
586,913
|
|
|
945,000
|
|
WPX Energy, Inc., Senior Unsecured Notes, 6.00%, due 1/15/22
|
|
961,537
|
|
|
|
|
|
|
36,004,179
|
|
Food & Drug Retailers (1.0%)
|
|
|
|
|
560,000
|
|
Rite Aid Corp., Secured Notes, 10.25%, due 10/15/19
|
|
634,200
|
|
|
575,000
|
|
Rite Aid Corp., Guaranteed Notes, 9.25%, due 3/15/20
|
|
640,406
|
|
|
1,442,000
|
|
Rite Aid Corp., Senior Secured Notes, 8.00%, due 8/15/20
|
|
1,616,843
|
|
|
|
|
|
|
2,891,449
|
|
Food - Wholesale (0.1%)
|
|
|
|
|
348,000
|
|
US Foods, Inc., Guaranteed Notes, 8.50%, due 6/30/19
|
|
370,620
|
|
|
|
|
|
Gaming (8.2%)
|
|
|
|
|
1,055,000
|
|
Ameristar Casinos, Inc., Guaranteed Notes, 7.50%, due 4/15/21
|
|
1,126,213
|
|
|
465,000
|
|
Boyd Gaming Corp., Senior Subordinated Notes, 7.13%, due 2/1/16
|
|
463,838
|
|
|
815,000
|
|
CityCenter Holdings LLC, Senior Secured Notes, 7.63%, due 1/15/16
|
|
863,900
|
|
|
3,085,000
|
|
Graton Economic Development Authority, Senior Secured Notes, 9.63%, due 9/1/19
|
|
3,462,912
|
ñ
|
|
975,000
|
|
MGM Resorts Int'l, Guaranteed Notes, 7.63%, due 1/15/17
|
|
1,096,875
|
|
|
2,390,000
|
|
MGM Resorts Int'l, Guaranteed Notes, 7.75%, due 3/15/22
|
|
2,646,925
|
ØØ
|
|
885,000
|
|
Mohegan Tribal Gaming Authority, Secured Notes, 10.50%, due 12/15/16
|
|
885,000
|
ñ
|
|
2,935,000
|
|
Mohegan Tribal Gaming Authority, Guaranteed Notes, 11.00%, due 9/15/18
|
|
2,890,975
|
ñ
|
|
1,155,000
|
|
Peninsula Gaming LLC, Guaranteed Notes, 8.38%, due 2/15/18
|
|
1,250,287
|
ñ
|
|
1,255,000
|
|
Pinnacle Entertainment, Inc., Guaranteed Notes, 7.75%, due 4/1/22
|
|
1,314,612
|
|
|
960,000
|
|
PNK Finance Corp., Senior Unsecured Notes, 6.38%, due 8/1/21
|
|
967,200
|
ñØ
|
|
1,090,000
|
|
Seminole Indian Tribe of Florida, Secured Notes, 7.75%, due 10/1/17
|
|
1,159,487
|
ñ
|
|
2,230,000
|
|
Station Casinos LLC, Guaranteed Notes, 7.50%, due 3/1/21
|
|
2,330,350
|
|
|
1,916,000
|
|
Wynn Las Vegas LLC, Unsecured Notes, 7.75%, due 8/15/20
|
|
2,155,500
|
|
|
465,000
|
|
Wynn Las Vegas LLC, Senior Unsecured Notes, 4.25%, due 5/30/23
|
|
431,288
|
ñ
|
|
|
|
|
|
23,045,362
|
|
Gas Distribution (7.4%)
|
|
|
|
|
1,070,000
|
|
Access Midstream Partners L.P., Guaranteed Notes, 6.13%, due 7/15/22
|
|
1,120,825
|
|
|
815,000
|
|
Access Midstream Partners L.P., Guaranteed Notes, 4.88%, due 5/15/23
|
|
774,250
|
|
|
2,090,000
|
|
AmeriGas Finance LLC, Guaranteed Notes, 6.75%, due 5/20/20
|
|
2,220,625
|
|
|
2,207,000
|
|
AmeriGas Finance LLC, Guaranteed Notes, 7.00%, due 5/20/22
|
|
2,350,455
|
|
|
485,000
|
|
El Paso Corp., Senior Secured Notes, 7.25%, due 6/1/18
|
|
551,614
|
|
|
2,870,000
|
|
El Paso Corp., Senior Secured Global Medium-Term Notes, 7.80%, due 8/1/31
|
|
3,032,272
|
|
|
1,145,000
|
|
El Paso Corp., Senior Secured Global Medium-Term Notes, 7.75%, due 1/15/32
|
|
1,216,778
|
|
|
2,700,000
|
|
Energy Transfer Equity L.P., Senior Secured Notes, 7.50%, due 10/15/20
|
|
3,040,875
|
ØØ
|
|
1,990,000
|
|
Ferrellgas L.P., Senior Unsecured Notes, 9.13%, due 10/1/17
|
|
2,089,500
|
|
|
853,000
|
|
MarkWest Energy Partners L.P., Guaranteed Notes, 4.50%, due 7/15/23
|
|
801,820
|
|
|
1,500,000
|
|
Regency Energy Partners L.P., Guaranteed Notes, 6.88%, due 12/1/18
|
|
1,620,000
|
|
|
270,000
|
|
Regency Energy Partners L.P., Guaranteed Notes, 4.50%, due 11/1/23
|
|
253,800
|
ñ
|
|
958,000
|
|
Suburban Propane Partners L.P./Suburban Energy Finance Corp., Senior Unsecured Notes, 7.50%, due 10/1/18
|
|
1,034,640
|
|
|
487,000
|
|
Suburban Propane Partners L.P./Suburban Energy Finance Corp., Senior Unsecured Notes, 7.38%, due 8/1/21
|
|
523,525
|
ØØ
|
|
|
|
|
|
20,630,979
|
|
Health Facilities (7.6%)
|
|
|
|
|
1,140,000
|
|
CHS/Community Health Systems, Inc., Senior Secured Notes, 5.13%, due 8/15/18
|
|
1,162,800
|
|
|
615,000
|
|
CHS/Community Health Systems, Inc., Guaranteed Notes, 8.00%, due 11/15/19
|
|
649,594
|
|
|
695,000
|
|
Columbia Healthcare Corp., Senior Unsecured Notes, 7.50%, due 12/15/23
|
|
733,225
|
|
|
4,000,000
|
|
Columbia/HCA Corp., Senior Unsecured Notes, 7.69%, due 6/15/25
|
|
4,240,000
|
|
|
545,000
|
|
Columbia/HCA Corp., Senior Unsecured Notes, 7.05%, due 12/1/27
|
|
535,463
|
|
|
1,370,000
|
|
DaVita HealthCare Partners, Inc., Guaranteed Notes, 5.75%, due 8/15/22
|
|
1,387,125
|
|
|
600,000
|
|
HCA Holdings, Inc., Senior Unsecured Notes, 6.25%, due 2/15/21
|
|
622,500
|
|
|
1,035,000
|
|
Health Management Associates, Inc., Guaranteed Notes, 7.38%, due 1/15/20
|
|
1,172,137
|
|
|
2,110,000
|
|
IASIS Healthcare LLC/IASIS Capital Corp., Guaranteed Notes, 8.38%, due 5/15/19
|
|
2,215,500
|
|
|
705,000
|
|
OMEGA Healthcare Investors, Inc., Guaranteed Notes, 7.50%, due 2/15/20
|
|
771,975
|
|
|
2,090,000
|
|
OMEGA Healthcare Investors, Inc., Guaranteed Notes, 6.75%, due 10/15/22
|
|
2,267,650
|
|
|
1,375,000
|
|
Tenet Healthcare Corp., Senior Secured Notes, 6.25%, due 11/1/18
|
|
1,471,250
|
|
|
855,000
|
|
Tenet Healthcare Corp., Senior Unsecured Notes, 6.75%, due 2/1/20
|
|
850,725
|
|
|
825,000
|
|
Tenet Healthcare Corp., Senior Secured Notes, 4.50%, due 4/1/21
|
|
769,312
|
ñ
|
|
505,000
|
|
Tenet Healthcare Corp., Senior Secured Notes, 4.38%, due 10/1/21
|
|
464,600
|
ñ
|
|
1,890,000
|
|
United Surgical Partners Int'l, Inc., Guaranteed Notes, 9.00%, due 4/1/20
|
|
2,093,175
|
|
|
|
|
|
|
21,407,031
|
|
Health Services (0.7%)
|
|
|
|
|
1,040,000
|
|
Emergency Medical Services Corp., Guaranteed Notes, 8.13%, due 6/1/19
|
|
1,128,400
|
|
|
675,000
|
|
Envision Healthcare Holdings, Inc., Senior Notes, 9.25%, due 10/1/17
|
|
689,344
|
ñc
|
|
|
|
|
|
1,817,744
|
|
Investments & Misc. Financial Services (2.3%)
|
|
|
|
|
3,680,000
|
|
Icahn Enterprises L.P., Guaranteed Notes, 7.75%, due 1/15/16
|
|
3,822,600
|
ØØ
|
|
2,465,000
|
|
Icahn Enterprises L.P., Guaranteed Notes, 8.00%, due 1/15/18
|
|
2,603,656
|
|
|
|
|
|
|
6,426,256
|
|
Leisure (0.6%)
|
|
|
|
|
1,155,000
|
|
Cedar Fair L.P., Guaranteed Notes, 9.13%, due 8/1/18
|
|
1,273,387
|
|
|
535,000
|
|
Cedar Fair L.P., Guaranteed Notes, 5.25%, due 3/15/21
|
|
522,963
|
ñ
|
|
|
|
|
|
1,796,350
|
|
Machinery (1.7%)
|
|
|
|
|
2,655,000
|
|
Case New Holland, Inc., Guaranteed Notes, 7.88%, due 12/1/17
|
|
3,112,987
|
ØØ
|
|
725,000
|
|
Terex Corp., Guaranteed Notes, 6.00%, due 5/15/21
|
|
743,125
|
|
|
910,000
|
|
The Manitowoc Co., Inc., Guaranteed Notes, 8.50%, due 11/1/20
|
|
1,023,750
|
|
|
|
|
|
|
4,879,862
|
|
Managed Care (0.4%)
|
|
|
|
|
1,105,000
|
|
MPH Intermediate Holding Co. 2, Senior Unsecured Notes, 8.38%, due 8/1/18
|
|
1,128,481
|
ñc
|
|
|
|
|
Media - Broadcast (4.4%)
|
|
|
|
|
757,000
|
|
AMC Networks, Inc., Guaranteed Notes, 7.75%, due 7/15/21
|
|
847,840
|
|
|
645,000
|
|
Clear Channel Communications, Inc., Senior Secured Notes, 9.00%, due 12/15/19
|
|
643,388
|
|
|
3,367,000
|
|
Clear Channel Communications, Inc., Senior Secured Notes, 11.25%, due 3/1/21
|
|
3,594,272
|
|
|
3,755,000
|
|
Cumulus Media Holdings, Inc., Guaranteed Notes, 7.75%, due 5/1/19
|
|
3,820,712
|
|
|
95,000
|
|
Sirius XM Radio, Inc., Senior Unsecured Notes, 4.25%, due 5/15/20
|
|
88,350
|
ñ
|
|
660,000
|
|
Sirius XM Radio, Inc., Guaranteed Notes, 5.75%, due 8/1/21
|
|
659,700
|
ñ
|
|
1,080,000
|
|
Univision Communications, Inc., Senior Secured Notes, 6.88%, due 5/15/19
|
|
1,152,900
|
ñ
|
|
375,000
|
|
Univision Communications, Inc., Senior Secured Notes, 7.88%, due 11/1/20
|
|
411,563
|
ñ
|
|
1,095,000
|
|
XM Satellite Radio, Inc., Guaranteed Notes, 7.63%, due 11/1/18
|
|
1,207,237
|
ñ
|
|
|
|
|
|
12,425,962
|
|
Media - Cable (6.0%)
|
|
|
|
|
70,000
|
|
CCO Holdings LLC, Guaranteed Notes, 7.00%, due 1/15/19
|
|
74,200
|
|
|
1,040,000
|
|
CCO Holdings LLC, Guaranteed Notes, 8.13%, due 4/30/20
|
|
1,131,000
|
|
|
351,000
|
|
CCO Holdings LLC, Guaranteed Notes, 5.13%, due 2/15/23
|
|
321,165
|
|
|
1,880,000
|
|
Cequel Communications Escrow I LLC/Cequel Communications Escrow Capital Corp., Senior Unsecured Notes, 5.13%, due 12/15/21
|
|
1,804,800
|
ñ
|
|
1,917,000
|
|
Cequel Communications Escrow I LLC/Cequel Communications Escrow Capital Corp., Senior Unsecured Notes, 6.38%, due 9/15/20
|
|
1,979,302
|
ñ
|
|
270,000
|
|
CSC Holdings LLC, Senior Unsecured Notes, 7.63%, due 7/15/18
|
|
310,500
|
|
|
272,000
|
|
CSC Holdings LLC, Senior Unsecured Notes, 6.75%, due 11/15/21
|
|
297,840
|
|
|
5,980,000
|
|
DISH DBS Corp., Guaranteed Notes, 5.13%, due 5/1/20
|
|
5,875,350
|
ñ
|
|
1,365,000
|
|
DISH DBS Corp., Guaranteed Notes, 6.75%, due 6/1/21
|
|
1,446,900
|
|
|
515,000
|
|
DISH DBS Corp., Guaranteed Notes, 5.88%, due 7/15/22
|
|
513,713
|
|
|
730,000
|
|
DISH DBS Corp., Guaranteed Notes, 5.00%, due 3/15/23
|
|
684,375
|
|
|
685,000
|
|
Lynx I Corp., Senior Secured Notes, 5.38%, due 4/15/21
|
|
693,562
|
ñ
|
|
320,000
|
|
UPC Holding BV, Secured Notes, 9.88%, due 4/15/18
|
|
348,800
|
ñ
|
|
1,115,000
|
|
UPCB Finance III Ltd., Senior Secured Notes, 6.63%, due 7/1/20
|
|
1,193,050
|
ñ
|
|
|
|
|
|
16,674,557
|
|
Media - Services (1.1%)
|
|
|
|
|
825,000
|
|
Clear Channel Worldwide Holdings, Inc., Guaranteed Notes, Ser. B, 7.63%, due 3/15/20
|
|
870,375
|
|
|
1,345,000
|
|
Clear Channel Worldwide Holdings, Inc., Guaranteed Notes, Ser. B, 6.50%, due 11/15/22
|
|
1,405,525
|
|
|
495,000
|
|
Clear Channel Worldwide Holdings, Inc., Guaranteed Notes, Ser. A, 6.50%, due 11/15/22
|
|
512,325
|
|
|
230,000
|
|
WMG Acquisition Corp., Senior Secured Notes, 6.00%, due 1/15/21
|
|
240,350
|
ñ
|
|
|
|
|
|
3,028,575
|
|
Medical Products (1.0%)
|
|
|
|
|
1,333,000
|
|
Biomet, Inc., Guaranteed Notes, 6.50%, due 8/1/20
|
|
1,399,650
|
|
|
235,000
|
|
DJO Finance LLC/DJO Finance Corp., Guaranteed Notes, 7.75%, due 4/15/18
|
|
233,238
|
|
|
505,000
|
|
DJO Finance LLC/DJO Finance Corp., Guaranteed Notes, 9.88%, due 4/15/18
|
|
534,037
|
|
|
645,000
|
|
Hologic, Inc., Guaranteed Notes, 6.25%, due 8/1/20
|
|
682,894
|
|
|
|
|
|
|
2,849,819
|
|
Metals - Mining Excluding Steel (3.0%)
|
|
|
|
|
1,315,000
|
|
Alpha Natural Resources, Inc., Guaranteed Notes, 9.75%, due 4/15/18
|
|
1,354,450
|
|
|
710,000
|
|
Alpha Natural Resources, Inc., Guaranteed Notes, 6.00%, due 6/1/19
|
|
608,825
|
|
|
555,000
|
|
Alpha Natural Resources, Inc., Guaranteed Notes, 6.25%, due 6/1/21
|
|
463,425
|
|
|
1,735,000
|
|
Arch Coal, Inc., Guaranteed Notes, 9.88%, due 6/15/19
|
|
1,604,875
|
ñ
|
|
347,000
|
|
Arch Coal, Inc., Guaranteed Notes, 7.25%, due 10/1/20
|
|
281,070
|
|
|
1,060,000
|
|
Arch Coal, Inc., Guaranteed Notes, 7.25%, due 6/15/21
|
|
855,950
|
|
|
780,000
|
|
FMG Resources (August 2006) Pty Ltd., Guaranteed Notes, 7.00%, due 11/1/15
|
|
797,550
|
ñ
|
|
135,000
|
|
FMG Resources (August 2006) Pty Ltd., Guaranteed Notes, 6.00%, due 4/1/17
|
|
135,000
|
ñ
|
|
615,000
|
|
FMG Resources (August 2006) Pty Ltd., Guaranteed Notes, 8.25%, due 11/1/19
|
|
648,825
|
ñ
|
|
1,035,000
|
|
Peabody Energy Corp., Guaranteed Notes, 6.00%, due 11/15/18
|
|
1,058,287
|
|
|
660,000
|
|
Walter Energy, Inc., Guaranteed Notes, 8.50%, due 4/15/21
|
|
536,250
|
ñ
|
|
|
|
|
|
8,344,507
|
|
Packaging (6.1%)
|
|
|
|
|
605,000
|
|
Ball Corp., Guaranteed Notes, 4.00%, due 11/15/23
|
|
553,575
|
|
|
5,055,000
|
|
Berry Plastics Corp., Secured Notes, 9.75%, due 1/15/21
|
|
5,914,350
|
ØØ
|
|
1,125,000
|
|
Reynolds Group Issuer, Inc., Guaranteed Notes, 8.50%, due 5/15/18
|
|
1,170,000
|
|
|
275,000
|
|
Reynolds Group Issuer, Inc., Guaranteed Notes, 9.00%, due 4/15/19
|
|
286,000
|
|
|
1,970,000
|
|
Reynolds Group Issuer, Inc., Senior Secured Notes, 7.88%, due 8/15/19
|
|
2,167,000
|
|
|
3,465,000
|
|
Reynolds Group Issuer, Inc., Guaranteed Notes, 9.88%, due 8/15/19
|
|
3,742,200
|
|
|
1,640,000
|
|
Reynolds Group Issuer, Inc., Senior Secured Notes, 5.75%, due 10/15/20
|
|
1,668,700
|
|
|
905,000
|
|
Reynolds Group Issuer, Inc., Senior Secured Notes, 6.88%, due 2/15/21
|
|
962,694
|
|
|
550,000
|
|
Reynolds Group Issuer, Inc., Guaranteed Notes, 8.25%, due 2/15/21
|
|
559,625
|
|
|
|
|
|
|
17,024,144
|
|
Pharmaceuticals (3.9%)
|
|
|
|
|
770,000
|
|
Endo Pharmaceutical Holdings, Inc., Guaranteed Notes, 7.00%, due 7/15/19
|
|
804,650
|
|
|
540,000
|
|
Jaguar Holding Co., Senior Unsecured Notes, 9.38%, due 10/15/17
|
|
579,150
|
ñc
|
|
1,695,000
|
|
Jaguar Holding Co. II/Jaguar Merger Sub, Inc.,, Senior Unsecured Notes, 9.50%, due 12/1/19
|
|
1,923,825
|
ñ
|
|
465,000
|
|
Sky Growth Acquisition Corp., Guaranteed Notes, 7.38%, due 10/15/20
|
|
483,600
|
ñ
|
|
465,000
|
|
Valeant Pharmaceuticals Int'l, Guaranteed Notes, 6.50%, due 7/15/16
|
|
481,275
|
ñ
|
|
855,000
|
|
Valeant Pharmaceuticals Int'l, Guaranteed Notes, 6.75%, due 10/1/17
|
|
902,025
|
ñ
|
|
448,000
|
|
Valeant Pharmaceuticals Int'l, Guaranteed Notes, 6.88%, due 12/1/18
|
|
471,520
|
ñ
|
|
4,200,000
|
|
VPI Escrow Corp., Guaranteed Notes, 6.38%, due 10/15/20
|
|
4,336,500
|
ñ
|
|
750,000
|
|
VPII Escrow Corp., Senior Unsecured Notes, 6.75%, due 8/15/18
|
|
791,250
|
ñ
|
|
|
|
|
|
10,773,795
|
|
Printing & Publishing (4.8%)
|
|
|
|
|
1,130,000
|
|
Gannett Co., Inc., Guaranteed Notes, 5.13%, due 7/15/20
|
|
1,127,175
|
ñ
|
|
920,000
|
|
Gannett Co., Inc., Guaranteed Notes, 9.38%, due 11/15/17
|
|
977,500
|
|
|
840,000
|
|
Gannett Co., Inc., Guaranteed Notes, 7.13%, due 9/1/18
|
|
896,700
|
|
|
3,862,000
|
|
R. R. Donnelley & Sons Co., Senior Unsecured Notes, 7.25%, due 5/15/18
|
|
4,161,305
|
|
|
2,855,000
|
|
R. R. Donnelley & Sons Co., Senior Unsecured Notes, 8.25%, due 3/15/19
|
|
3,154,775
|
|
|
1,860,000
|
|
R. R. Donnelley & Sons Co., Senior Unsecured Notes, 7.63%, due 6/15/20
|
|
1,994,850
|
|
|
1,120,000
|
|
R. R. Donnelley & Sons Co., Senior Unsecured Notes, 7.88%, due 3/15/21
|
|
1,209,600
|
|
|
|
|
|
|
13,521,905
|
|
Real Estate Dev. & Mgt. (0.4%)
|
|
|
|
|
1,100,000
|
|
Realogy Group LLC, Senior Secured Notes, 7.63%, due 1/15/20
|
|
1,229,250
|
ñ
|
|
|
|
|
|
Software - Services (5.9%)
|
|
|
|
|
|
1,913,000
|
|
First Data Corp., Guaranteed Notes, 11.25%, due 3/31/16
|
|
1,903,435
|
ØØ
|
|
1,055,000
|
|
First Data Corp., Senior Secured Notes, 7.38%, due 6/15/19
|
|
1,107,750
|
ñ
|
|
1,140,000
|
|
First Data Corp., Senior Secured Notes, 6.75%, due 11/1/20
|
|
1,189,875
|
ñ
|
|
1,630,000
|
|
First Data Corp., Guaranteed Notes, 11.25%, due 1/15/21
|
|
1,687,050
|
ñ
|
|
3,400,000
|
|
First Data Corp., Guaranteed Notes, 12.63%, due 1/15/21
|
|
3,727,250
|
|
|
1,310,000
|
|
First Data Corp., Guaranteed Notes, 10.63%, due 6/15/21
|
|
1,329,650
|
ñ
|
|
150,000
|
|
First Data Corp., Guaranteed Notes, 11.75%, due 8/15/21
|
|
143,250
|
ñ
|
|
2,010,000
|
|
Sophia, L.P./Sophia Finance, Inc., Guaranteed Notes, 9.75%, due 1/15/19
|
|
2,180,850
|
ñ
|
|
1,810,000
|
|
SunGard Data Systems, Inc., Guaranteed Notes, 6.63%, due 11/1/19
|
|
1,877,875
|
|
|
515,000
|
|
SunGard Data Systems, Inc., Guaranteed Notes, 7.63%, due 11/15/20
|
|
558,775
|
|
|
690,000
|
|
Syniverse Holdings, Inc., Guaranteed Notes, 9.13%, due 1/15/19
|
|
745,200
|
|
|
|
|
|
|
16,450,960
|
|
Specialty Retail (3.0%)
|
|
|
|
|
1,085,000
|
|
Michaels FinCo. Holdings LLC / Michaels FinCo., Inc., Senior Unsecured Notes, 7.50%, due 8/1/18
|
|
1,095,850
|
ñc
|
|
685,000
|
|
Party City Holdings, Inc., Senior Unsecured Notes, 8.88%, due 8/1/20
|
|
750,075
|
ñ
|
|
4,320,000
|
|
Toys "R" Us Property Co. I LLC, Guaranteed Notes, 10.75%, due 7/15/17
|
|
4,568,443
|
ØØ
|
|
1,896,000
|
|
Toys "R" Us Property Co. II LLC, Senior Secured Notes, 8.50%, due 12/1/17
|
|
2,002,650
|
|
|
|
|
|
|
8,417,018
|
|
Steel Producers - Products (1.8%)
|
|
|
|
|
920,000
|
|
ArcelorMittal, Senior Unsecured Notes, 6.13%, due 6/1/18
|
|
966,000
|
|
|
3,435,000
|
|
ArcelorMittal, Senior Unsecured Notes, 5.75%, due 8/5/20
|
|
3,439,294
|
|
|
600,000
|
|
ArcelorMittal, Senior Unsecured Notes, 7.50%, due 10/15/39
|
|
565,500
|
|
|
|
|
|
|
4,970,794
|
|
Support - Services (3.0%)
|
|
|
|
|
730,000
|
|
Hertz Corp., Guaranteed Notes, 5.88%, due 10/15/20
|
|
770,150
|
|
|
1,220,000
|
|
Iron Mountain, Inc., Guaranteed Notes, 7.75%, due 10/1/19
|
|
1,351,150
|
|
|
820,000
|
|
Iron Mountain, Inc., Senior Subordinated Notes, 8.38%, due 8/15/21
|
|
888,675
|
|
|
1,240,000
|
|
Knowledge Universe Education LLC, Guaranteed Notes, 7.75%, due 2/1/15
|
|
1,190,400
|
ñ
|
|
1,395,000
|
|
ServiceMaster Co., Guaranteed Notes, 7.00%, due 8/15/20
|
|
1,299,094
|
|
|
1,510,000
|
|
ServiceMaster Co., Guaranteed Notes, 8.00%, due 2/15/20
|
|
1,476,025
|
|
|
70,000
|
|
United Rental N.A., Inc., Senior Unsecured Notes, 10.25%, due 11/15/19
|
|
79,450
|
|
|
1,010,000
|
|
United Rental N.A., Inc., Senior Unsecured Notes, 8.25%, due 2/1/21
|
|
1,128,675
|
|
|
380,000
|
|
United Rental N.A., Inc., Guaranteed Notes, 8.38%, due 9/15/20
|
|
418,950
|
|
|
|
|
|
|
8.602.569
|
|
Telecom - Integrated Services (12.0%)
|
|
|
|
|
4,000,000
|
|
CenturyLink, Inc., Senior Unsecured Notes, Ser. P, 7.60%, due 9/15/39
|
|
3,790,000
|
|
|
4,349,000
|
|
Citizens Communications Co., Senior Unsecured Notes, 9.00%, due 8/15/31
|
|
4,240,275
|
ØØ
|
|
90,000
|
|
Frontier Communications Corp., Senior Unsecured Notes, 9.25%, due 7/1/21
|
|
104,400
|
|
|
665,000
|
|
Frontier Communications Corp., Senior Unsecured Notes, 7.63%, due 4/15/24
|
|
671,650
|
|
|
810,000
|
|
Hughes Satellite Systems Corp., Senior Secured Notes, 6.50%, due 6/15/19
|
|
860,625
|
|
|
1,035,000
|
|
Intelsat Jackson Holdings SA, Guaranteed Notes, 8.50%, due 11/1/19
|
|
1,142,381
|
|
|
2,280,000
|
|
Intelsat Jackson Holdings SA, Guaranteed Notes, 5.50%, due 8/1/23
|
|
2,188,800
|
ñ
|
|
1,055,000
|
|
Intelsat Luxembourg SA, Guaranteed Notes, 7.75%, due 6/1/21
|
|
1,110,388
|
ñ
|
|
2,795,000
|
|
Intelsat Luxembourg SA, Guaranteed Notes, 8.13%, due 6/1/23
|
|
3,004,625
|
ñ
|
|
355,000
|
|
Level 3 Communications, Inc., Senior Unsecured Notes, 8.88%, due 6/1/19
|
|
382,513
|
|
|
2,231,000
|
|
Level 3 Financing, Inc., Guaranteed Notes, 9.38%, due 4/1/19
|
|
2,476,410
|
|
|
2,040,000
|
|
Level 3 Financing, Inc., Guaranteed Notes, 8.13%, due 7/1/19
|
|
2,213,400
|
|
|
1,750,000
|
|
Level 3 Financing, Inc., Guaranteed Notes, 8.63%, due 7/15/20
|
|
1,925,000
|
|
|
695,000
|
|
Qwest Corp., Senior Unsecured Notes, 6.75%, due 12/1/21
|
|
778,321
|
|
|
1,874,000
|
|
U.S. West Communications Group, Senior Unsecured Notes, 6.88%, due 9/15/33
|
|
1,850,575
|
|
|
1,755,000
|
|
Windstream Corp., Guaranteed Notes, 7.88%, due 11/1/17
|
|
1,965,600
|
|
|
535,000
|
|
Windstream Corp., Guaranteed Notes, 7.75%, due 10/15/20
|
|
569,775
|
|
|
1,610,000
|
|
Windstream Corp., Guaranteed Notes, 7.75%, due 10/1/21
|
|
1,714,650
|
|
|
2,065,000
|
|
Windstream Corp., Guaranteed Notes, 7.50%, due 6/1/22
|
|
2,126,950
|
|
|
645,000
|
|
Windstream Corp., Guaranteed Notes, 6.38%, due 8/1/23
|
|
612,750
|
|
|
|
|
|
|
33,729,088
|
|
Telecom - Wireless (2.2%)
|
|
|
|
|
880,000
|
|
MetroPCS Wireless, Inc., Guaranteed Notes, 6.25%, due 4/1/21
|
|
897,600
|
ñ
|
|
530,000
|
|
MetroPCS Wireless, Inc., Guaranteed Notes, 6.63%, due 4/1/23
|
|
540,600
|
ñ
|
|
455,000
|
|
SBA Telecommunications, Inc., Guaranteed Notes, 5.75%, due 7/15/20
|
|
465,238
|
|
|
1,480,000
|
|
Sprint Capital Corp., Guaranteed Notes, 6.88%, due 11/15/28
|
|
1,361,600
|
ØØ
|
|
1,440,000
|
|
Sprint Capital Corp., Guaranteed Notes, 8.75%, due 3/15/32
|
|
1,519,200
|
|
|
475,000
|
|
Sprint Nextel Corp., Guaranteed Notes, 9.00%, due 11/15/18
|
|
562,875
|
ñ
|
|
895,000
|
|
Sprint Nextel Corp., Senior Unsecured Notes, 7.00%, due 8/15/20
|
|
943,106
|
|
|
|
|
|
|
6,290,219
|
|
|
|
|
Total Corporate Debt Securities (Cost $352,242,535)
|
|
362,707,019
|
|
|
|
|
|
NUMBER OF SHARES
|
|
|
|
|
|
|
|
Short-Term Investments (4.1%)
|
|
|
|
|
11,479,023
|
|
State Street Institutional Liquid Reserves Fund Institutional Class
(Cost $11,479,023)
|
|
11,479,023
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (139.2%) (Cost $379,209,408)
|
|
389,897,916
|
##
|
|
|
|
|
|
|
|
|
|
|
Liabilities, less cash, receivables and other assets [(29.5%)]
|
|
(82,578,560)
|
±
|
|
|
|
|
|
|
|
|
|
|
Liquidation Value of Perpetual Preferred Shares [(9.7%)]
|
|
(27,175,000)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets Applicable to Common Shareholders (100.0%)
|
|
$280,144,356
|
|