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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Investors Cash Trust (MM) | NASDAQ:ICTXX | NASDAQ | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
ITEM 1.
|
SCHEDULE OF INVESTMENTS
|
Investment Portfolio | as of December 31, 2013 (Unaudited) |
Principal
Amount ($) (a)
|
Value ($)
|
||||||||||||
Corporate Bonds 91.3%
|
|||||||||||||
Consumer Discretionary 17.3%
|
|||||||||||||
AMC Entertainment, Inc., 8.75%, 6/1/2019
|
1,280,000
|
1,368,000
|
|||||||||||
AMC Networks, Inc., 7.75%, 7/15/2021
|
720,000
|
810,000
|
|||||||||||
AmeriGas Finance LLC:
|
|||||||||||||
6.75%, 5/20/2020 (b)
|
4,215,000
|
4,604,887
|
|||||||||||
7.0%, 5/20/2022
|
3,260,000
|
3,537,100
|
|||||||||||
APX Group, Inc.:
|
|||||||||||||
6.375%, 12/1/2019
|
1,895,000
|
1,923,425
|
|||||||||||
144A, 8.75%, 12/1/2020
|
240,000
|
244,200
|
|||||||||||
Asbury Automotive Group, Inc., 8.375%, 11/15/2020
|
3,960,000
|
4,450,050
|
|||||||||||
Ashtead Capital, Inc., 144A, 6.5%, 7/15/2022
|
3,750,000
|
3,998,437
|
|||||||||||
Ashton Woods U.S.A. LLC, 144A, 6.875%, 2/15/2021
|
3,130,000
|
3,090,875
|
|||||||||||
Avis Budget Car Rental LLC, 5.5%, 4/1/2023 (b)
|
1,845,000
|
1,787,344
|
|||||||||||
BC Mountain LLC, 144A, 7.0%, 2/1/2021 (b)
|
1,870,000
|
1,888,700
|
|||||||||||
Block Communications, Inc., 144A, 7.25%, 2/1/2020
|
3,469,000
|
3,677,140
|
|||||||||||
Boyd Gaming Corp., 9.0%, 7/1/2020 (b)
|
1,400,000
|
1,533,000
|
|||||||||||
Cablevision Systems Corp., 8.0%, 4/15/2020 (b)
|
520,000
|
581,100
|
|||||||||||
Caesar's Entertainment Operating Co., Inc.:
|
|||||||||||||
8.5%, 2/15/2020
|
6,905,000
|
6,646,062
|
|||||||||||
9.0%, 2/15/2020 (b)
|
2,380,000
|
2,314,550
|
|||||||||||
Carlson Wagonlit BV, 144A, 6.875%, 6/15/2019
|
1,935,000
|
2,007,563
|
|||||||||||
CCO Holdings LLC:
|
|||||||||||||
6.5%, 4/30/2021
|
2,680,000
|
2,753,700
|
|||||||||||
6.625%, 1/31/2022
|
4,060,000
|
4,181,800
|
|||||||||||
7.0%, 1/15/2019 (b)
|
6,185,000
|
6,517,444
|
|||||||||||
7.375%, 6/1/2020
|
490,000
|
530,425
|
|||||||||||
8.125%, 4/30/2020
|
1,200,000
|
1,302,000
|
|||||||||||
CDR DB Sub, Inc., 144A, 7.75%, 10/15/2020
|
2,140,000
|
2,129,300
|
|||||||||||
Cequel Communications Holdings I LLC:
|
|||||||||||||
144A, 5.125%, 12/15/2021
|
3,515,000
|
3,295,312
|
|||||||||||
144A, 6.375%, 9/15/2020
|
10,810,000
|
11,080,250
|
|||||||||||
Chester Downs & Marina LLC, 144A, 9.25%, 2/1/2020 (b)
|
1,300,000
|
1,303,250
|
|||||||||||
Clear Channel Communications, Inc., 11.25%, 3/1/2021
|
2,510,000
|
2,698,250
|
|||||||||||
Clear Channel Worldwide Holdings, Inc.:
|
|||||||||||||
Series A, 6.5%, 11/15/2022
|
2,270,000
|
2,301,213
|
|||||||||||
Series B, 6.5%, 11/15/2022
|
3,380,000
|
3,451,825
|
|||||||||||
Series A, 7.625%, 3/15/2020
|
990,000
|
1,029,600
|
|||||||||||
Series B, 7.625%, 3/15/2020 (b)
|
10,455,000
|
10,990,819
|
|||||||||||
Cogeco Cable, Inc., 144A, 4.875%, 5/1/2020
|
200,000
|
193,000
|
|||||||||||
Crown Media Holdings, Inc., 10.5%, 7/15/2019
|
2,370,000
|
2,689,950
|
|||||||||||
Cumulus Media Holdings, Inc., 7.75%, 5/1/2019 (b)
|
3,329,000
|
3,512,095
|
|||||||||||
DISH DBS Corp.:
|
|||||||||||||
4.25%, 4/1/2018
|
2,475,000
|
2,524,500
|
|||||||||||
5.0%, 3/15/2023
|
3,110,000
|
2,900,075
|
|||||||||||
6.75%, 6/1/2021
|
4,420,000
|
4,685,200
|
|||||||||||
7.875%, 9/1/2019
|
4,165,000
|
4,768,925
|
|||||||||||
GLP Capital LP, 144A, 4.375%, 11/1/2018
|
840,000
|
858,900
|
|||||||||||
Griffey Intermediate, Inc., 144A, 7.0%, 10/15/2020 (b)
|
3,760,000
|
2,979,800
|
|||||||||||
Harron Communications LP, 144A, 9.125%, 4/1/2020
|
3,705,000
|
4,103,287
|
|||||||||||
Hertz Corp., 6.75%, 4/15/2019
|
2,680,000
|
2,887,700
|
|||||||||||
Hertz Holdings Netherlands BV, 144A, 4.375%, 1/15/2019
|
EUR
|
5,500,000
|
7,575,804
|
||||||||||
Hot Topic, Inc., 144A, 9.25%, 6/15/2021
|
1,380,000
|
1,445,550
|
|||||||||||
Jo-Ann Stores Holdings, Inc., 144A, 9.75%, 10/15/2019 (PIK)
|
4,450,000
|
4,655,812
|
|||||||||||
Libbey Glass, Inc., 6.875%, 5/15/2020
|
1,049,000
|
1,132,920
|
|||||||||||
Live Nation Entertainment, Inc., 144A, 7.0%, 9/1/2020
|
3,160,000
|
3,428,600
|
|||||||||||
MDC Partners, Inc., 144A, 6.75%, 4/1/2020
|
2,105,000
|
2,202,356
|
|||||||||||
Mediacom Broadband LLC, 6.375%, 4/1/2023
|
5,830,000
|
5,961,175
|
|||||||||||
Mediacom LLC, 7.25%, 2/15/2022
|
995,000
|
1,054,700
|
|||||||||||
MGM Resorts International:
|
|||||||||||||
6.625%, 12/15/2021 (b)
|
5,720,000
|
6,048,900
|
|||||||||||
6.75%, 10/1/2020 (b)
|
1,625,000
|
1,738,750
|
|||||||||||
8.625%, 2/1/2019
|
7,695,000
|
9,022,387
|
|||||||||||
10.0%, 11/1/2016
|
1,795,000
|
2,154,000
|
|||||||||||
Midcontinent Communications & Midcontinent Finance Corp., 144A, 6.25%, 8/1/2021
|
1,820,000
|
1,833,650
|
|||||||||||
PETCO Animal Supplies, Inc., 144A, 9.25%, 12/1/2018
|
2,515,000
|
2,697,337
|
|||||||||||
PNK Finance Corp., 144A, 6.375%, 8/1/2021
|
2,265,000
|
2,315,963
|
|||||||||||
Quebecor Media, Inc., 5.75%, 1/15/2023
|
1,885,000
|
1,823,738
|
|||||||||||
Rent-A-Center, Inc., 4.75%, 5/1/2021
|
1,380,000
|
1,295,475
|
|||||||||||
Sabre Holdings Corp., 8.35%, 3/15/2016
|
2,560,000
|
2,854,400
|
|||||||||||
Schaeffler Finance BV, 144A, 7.75%, 2/15/2017
|
3,655,000
|
4,148,425
|
|||||||||||
Seminole Hard Rock Entertainment, Inc., 144A, 5.875%, 5/15/2021
|
1,150,000
|
1,129,875
|
|||||||||||
Seminole Indian Tribe of Florida, Inc., 144A, 7.804%, 10/1/2020
|
2,715,000
|
2,972,925
|
|||||||||||
Serta Simmons Holdings LLC, 144A, 8.125%, 10/1/2020 (b)
|
2,170,000
|
2,359,875
|
|||||||||||
Sirius XM Holdings, Inc., 144A, 5.875%, 10/1/2020 (b)
|
1,865,000
|
1,902,300
|
|||||||||||
SIWF Merger Sub, Inc., 144A, 6.25%, 6/1/2021 (b)
|
2,765,000
|
2,789,194
|
|||||||||||
Starz LLC, 5.0%, 9/15/2019
|
1,545,000
|
1,579,763
|
|||||||||||
Taylor Morrison Communities, Inc., 144A, 5.25%, 4/15/2021 (b)
|
2,305,000
|
2,241,613
|
|||||||||||
Travelport LLC:
|
|||||||||||||
144A, 6.364% **, 3/1/2016
|
1,541,943
|
1,549,653
|
|||||||||||
144A, 13.875%, 3/1/2016 (PIK)
|
413,082
|
437,867
|
|||||||||||
UCI International, Inc., 8.625%, 2/15/2019
|
2,740,000
|
2,740,000
|
|||||||||||
Unitymedia Hessen GmbH & Co., KG:
|
|||||||||||||
144A, 5.5%, 1/15/2023
|
8,260,000
|
8,012,200
|
|||||||||||
144A, 7.5%, 3/15/2019
|
3,805,000
|
4,137,937
|
|||||||||||
144A, 7.5%, 3/15/2019
|
EUR
|
2,000,000
|
2,992,311
|
||||||||||
Unitymedia KabelBW GmbH, 144A, 9.625%, 12/1/2019
|
EUR
|
6,670,000
|
10,162,326
|
||||||||||
Univision Communications, Inc.:
|
|||||||||||||
144A, 6.875%, 5/15/2019
|
480,000
|
513,000
|
|||||||||||
144A, 7.875%, 11/1/2020
|
4,065,000
|
4,466,419
|
|||||||||||
144A, 8.5%, 5/15/2021 (b)
|
1,690,000
|
1,859,000
|
|||||||||||
Viking Cruises Ltd., 144A, 8.5%, 10/15/2022
|
1,880,000
|
2,124,400
|
|||||||||||
Visant Corp., 10.0%, 10/1/2017 (b)
|
3,535,000
|
3,428,950
|
|||||||||||
Visteon Corp., 6.75%, 4/15/2019
|
1,387,000
|
1,473,688
|
|||||||||||
252,394,291
|
|||||||||||||
Consumer Staples 5.5%
|
|||||||||||||
B&G Foods, Inc., 4.625%, 6/1/2021
|
2,300,000
|
2,208,000
|
|||||||||||
Chiquita Brands International, Inc., 144A, 7.875%, 2/1/2021 (b)
|
1,760,000
|
1,905,200
|
|||||||||||
Del Monte Corp., 7.625%, 2/15/2019
|
3,305,000
|
3,433,069
|
|||||||||||
FAGE Dairy Industry SA, 144A, 9.875%, 2/1/2020 (b)
|
6,410,000
|
6,698,450
|
|||||||||||
Hawk Acquisition Sub, Inc., 144A, 4.25%, 10/15/2020 (b)
|
6,930,000
|
6,704,775
|
|||||||||||
JBS Investments GmbH, 144A, 7.75%, 10/28/2020
|
3,600,000
|
3,636,000
|
|||||||||||
JBS U.S.A. LLC:
|
|||||||||||||
144A, 7.25%, 6/1/2021
|
4,670,000
|
4,856,800
|
|||||||||||
144A, 8.25%, 2/1/2020
|
1,450,000
|
1,573,250
|
|||||||||||
Michael Foods Group, Inc., 9.75%, 7/15/2018
|
3,240,000
|
3,523,500
|
|||||||||||
Pilgrim's Pride Corp., 7.875%, 12/15/2018
|
2,605,000
|
2,839,450
|
|||||||||||
Reynolds Group Issuer, Inc.:
|
|||||||||||||
5.75%, 10/15/2020
|
3,820,000
|
3,896,400
|
|||||||||||
6.875%, 2/15/2021
|
9,230,000
|
9,945,325
|
|||||||||||
7.125%, 4/15/2019
|
3,240,000
|
3,450,600
|
|||||||||||
8.25%, 2/15/2021 (b)
|
1,750,000
|
1,868,125
|
|||||||||||
Roundy's Supermarkets, Inc., 144A, 10.25%, 12/15/2020
|
1,930,000
|
1,968,600
|
|||||||||||
Smithfield Foods, Inc.:
|
|||||||||||||
6.625%, 8/15/2022
|
1,990,000
|
2,109,400
|
|||||||||||
7.75%, 7/1/2017 (b)
|
5,025,000
|
5,891,812
|
|||||||||||
Sun Products Corp., 144A, 7.75%, 3/15/2021
|
3,220,000
|
2,833,600
|
|||||||||||
U.S. Foods, Inc., 8.5%, 6/30/2019 (b)
|
3,350,000
|
3,668,250
|
|||||||||||
Viskase Companies, Inc., 144A, 9.875%, 1/15/2018
|
7,215,000
|
7,584,408
|
|||||||||||
80,595,014
|
|||||||||||||
Energy 15.3%
|
|||||||||||||
Access Midstream Partners LP:
|
|||||||||||||
4.875%, 5/15/2023
|
3,343,000
|
3,225,995
|
|||||||||||
6.125%, 7/15/2022
|
2,970,000
|
3,177,900
|
|||||||||||
Antero Resources Finance Corp.:
|
|||||||||||||
144A, 5.375%, 11/1/2021
|
1,925,000
|
1,944,250
|
|||||||||||
7.25%, 8/1/2019
|
1,567,000
|
1,684,525
|
|||||||||||
Arch Coal, Inc., 7.0%, 6/15/2019 (b)
|
950,000
|
755,250
|
|||||||||||
Berry Petroleum Co.:
|
|||||||||||||
6.375%, 9/15/2022
|
1,850,000
|
1,882,375
|
|||||||||||
6.75%, 11/1/2020
|
3,265,000
|
3,387,437
|
|||||||||||
BreitBurn Energy Partners LP:
|
|||||||||||||
7.875%, 4/15/2022
|
6,265,000
|
6,515,600
|
|||||||||||
8.625%, 10/15/2020
|
1,760,000
|
1,892,000
|
|||||||||||
Chaparral Energy, Inc.:
|
|||||||||||||
7.625%, 11/15/2022
|
4,185,000
|
4,477,950
|
|||||||||||
8.25%, 9/1/2021
|
2,659,000
|
2,885,015
|
|||||||||||
Chesapeake Oilfield Operating LLC, 6.625%, 11/15/2019
|
1,380,000
|
1,445,550
|
|||||||||||
CITGO Petroleum Corp., 144A, 11.5%, 7/1/2017
|
4,500,000
|
4,927,500
|
|||||||||||
Crestwood Midstream Partners LP:
|
|||||||||||||
144A, 6.125%, 3/1/2022
|
1,445,000
|
1,481,125
|
|||||||||||
7.75%, 4/1/2019
|
2,340,000
|
2,538,900
|
|||||||||||
Crosstex Energy LP:
|
|||||||||||||
7.125%, 6/1/2022 (b)
|
925,000
|
1,052,188
|
|||||||||||
8.875%, 2/15/2018 (b)
|
2,765,000
|
2,906,706
|
|||||||||||
Denbury Resources, Inc., 4.625%, 7/15/2023
|
1,975,000
|
1,782,438
|
|||||||||||
Dresser-Rand Group, Inc., 6.5%, 5/1/2021
|
3,345,000
|
3,562,425
|
|||||||||||
Endeavor Energy Resources LP, 144A, 7.0%, 8/15/2021
|
2,715,000
|
2,742,150
|
|||||||||||
EP Energy LLC:
|
|||||||||||||
6.875%, 5/1/2019
|
3,085,000
|
3,320,231
|
|||||||||||
7.75%, 9/1/2022
|
1,670,000
|
1,870,400
|
|||||||||||
9.375%, 5/1/2020
|
1,415,000
|
1,632,556
|
|||||||||||
EPE Holdings LLC, 144A, 8.875%, 12/15/2017 (PIK)
|
4,607,206
|
4,733,904
|
|||||||||||
EV Energy Partners LP, 8.0%, 4/15/2019 (b)
|
7,815,000
|
7,854,075
|
|||||||||||
Frontier Oil Corp., 6.875%, 11/15/2018
|
240,000
|
258,900
|
|||||||||||
Halcon Resources Corp.:
|
|||||||||||||
8.875%, 5/15/2021 (b)
|
5,155,000
|
5,206,550
|
|||||||||||
9.75%, 7/15/2020
|
8,665,000
|
9,033,262
|
|||||||||||
144A, 9.75%, 7/15/2020
|
1,930,000
|
2,009,613
|
|||||||||||
Holly Energy Partners LP:
|
|||||||||||||
6.5%, 3/1/2020
|
990,000
|
1,034,550
|
|||||||||||
8.25%, 3/15/2018
|
2,670,000
|
2,816,850
|
|||||||||||
Kodiak Oil & Gas Corp., 5.5%, 1/15/2021 (b)
|
3,650,000
|
3,640,875
|
|||||||||||
Linn Energy LLC:
|
|||||||||||||
6.5%, 5/15/2019
|
3,095,000
|
3,156,900
|
|||||||||||
144A, 7.0%, 11/1/2019
|
6,880,000
|
6,948,800
|
|||||||||||
MEG Energy Corp.:
|
|||||||||||||
144A, 6.375%, 1/30/2023
|
2,360,000
|
2,374,750
|
|||||||||||
144A, 6.5%, 3/15/2021
|
1,880,000
|
1,978,700
|
|||||||||||
144A, 7.0%, 3/31/2024
|
4,640,000
|
4,698,000
|
|||||||||||
Midstates Petroleum Co., Inc.:
|
|||||||||||||
9.25%, 6/1/2021
|
4,650,000
|
4,859,250
|
|||||||||||
10.75%, 10/1/2020
|
5,295,000
|
5,758,312
|
|||||||||||
Murphy Oil U.S.A., Inc., 144A, 6.0%, 8/15/2023
|
2,710,000
|
2,723,550
|
|||||||||||
Murray Energy Corp., 144A, 8.625%, 6/15/2021
|
460,000
|
476,100
|
|||||||||||
Northern Oil & Gas, Inc., 8.0%, 6/1/2020 (b)
|
5,340,000
|
5,593,650
|
|||||||||||
Oasis Petroleum, Inc.:
|
|||||||||||||
6.5%, 11/1/2021
|
3,540,000
|
3,787,800
|
|||||||||||
144A, 6.875%, 3/15/2022
|
3,735,000
|
3,959,100
|
|||||||||||
6.875%, 1/15/2023
|
1,120,000
|
1,192,800
|
|||||||||||
7.25%, 2/1/2019 (b)
|
5,875,000
|
6,315,625
|
|||||||||||
Offshore Group Investment Ltd.:
|
|||||||||||||
7.125%, 4/1/2023 (b)
|
3,680,000
|
3,753,600
|
|||||||||||
7.5%, 11/1/2019 (b)
|
6,815,000
|
7,411,312
|
|||||||||||
Pacific Drilling SA, 144A, 5.375%, 6/1/2020
|
2,300,000
|
2,311,500
|
|||||||||||
QEP Resources, Inc., 5.25%, 5/1/2023
|
685,000
|
642,188
|
|||||||||||
Range Resources Corp., 5.0%, 8/15/2022
|
5,000,000
|
4,912,500
|
|||||||||||
Sabine Pass Liquefaction LLC:
|
|||||||||||||
144A, 5.625%, 2/1/2021
|
6,465,000
|
6,319,537
|
|||||||||||
144A, 5.625%, 4/15/2023
|
1,405,000
|
1,313,675
|
|||||||||||
SandRidge Energy, Inc., 7.5%, 3/15/2021
|
11,545,000
|
12,093,387
|
|||||||||||
SESI LLC:
|
|||||||||||||
6.375%, 5/1/2019
|
1,925,000
|
2,054,938
|
|||||||||||
7.125%, 12/15/2021
|
6,355,000
|
7,085,825
|
|||||||||||
Swift Energy Co., 7.875%, 3/1/2022 (b)
|
2,730,000
|
2,702,700
|
|||||||||||
Talos Production LLC, 144A, 9.75%, 2/15/2018
|
3,640,000
|
3,721,900
|
|||||||||||
Tesoro Corp., 5.375%, 10/1/2022 (b)
|
1,440,000
|
1,458,000
|
|||||||||||
Ultra Petroleum Corp., 144A, 5.75%, 12/15/2018
|
815,000
|
837,413
|
|||||||||||
Venoco, Inc., 8.875%, 2/15/2019
|
4,695,000
|
4,624,575
|
|||||||||||
Welltec AS, 144A, 8.0%, 2/1/2019
|
2,800,000
|
2,968,000
|
|||||||||||
Whiting Petroleum Corp., 5.0%, 3/15/2019
|
2,335,000
|
2,387,538
|
|||||||||||
WPX Energy, Inc., 5.25%, 1/15/2017
|
4,850,000
|
5,177,375
|
|||||||||||
223,278,345
|
|||||||||||||
Financials 4.3%
|
|||||||||||||
AerCap Aviation Solutions BV, 6.375%, 5/30/2017 (b)
|
4,210,000
|
4,557,325
|
|||||||||||
Ally Financial, Inc., 5.5%, 2/15/2017
|
3,490,000
|
3,777,925
|
|||||||||||
CIT Group, Inc., 5.0%, 8/1/2023
|
14,965,000
|
14,403,812
|
|||||||||||
E*TRADE Financial Corp.:
|
|||||||||||||
6.375%, 11/15/2019
|
5,395,000
|
5,792,881
|
|||||||||||
6.75%, 6/1/2016
|
6,070,000
|
6,585,950
|
|||||||||||
Hellas Telecommunications Finance, 144A, 8.227% **, 7/15/2015 (PIK) *
|
EUR
|
2,522,281
|
0
|
||||||||||
International Lease Finance Corp.:
|
|||||||||||||
3.875%, 4/15/2018
|
3,630,000
|
3,639,075
|
|||||||||||
5.75%, 5/15/2016
|
895,000
|
958,769
|
|||||||||||
6.25%, 5/15/2019
|
2,695,000
|
2,917,338
|
|||||||||||
8.625%, 1/15/2022 (b)
|
2,775,000
|
3,279,362
|
|||||||||||
8.75%, 3/15/2017
|
4,075,000
|
4,798,312
|
|||||||||||
MPT Operating Partnership LP:
|
|||||||||||||
(REIT), 6.375%, 2/15/2022
|
2,650,000
|
2,742,750
|
|||||||||||
(REIT), 6.875%, 5/1/2021
|
2,415,000
|
2,584,050
|
|||||||||||
Societe Generale SA, 144A, 7.875%, 12/18/2023
|
7,245,000
|
7,295,715
|
|||||||||||
63,333,264
|
|||||||||||||
Health Care 6.1%
|
|||||||||||||
Aviv Healthcare Properties LP:
|
|||||||||||||
144A, 6.0%, 10/15/2021
|
955,000
|
971,713
|
|||||||||||
7.75%, 2/15/2019
|
4,325,000
|
4,649,375
|
|||||||||||
Biomet, Inc.:
|
|||||||||||||
6.5%, 8/1/2020
|
3,350,000
|
3,517,500
|
|||||||||||
6.5%, 10/1/2020 (b)
|
960,000
|
988,800
|
|||||||||||
Community Health Systems, Inc.:
|
|||||||||||||
5.125%, 8/15/2018
|
10,975,000
|
11,331,687
|
|||||||||||
7.125%, 7/15/2020
|
12,190,000
|
12,647,125
|
|||||||||||
Endo Finance Co., 144A, 5.75%, 1/15/2022
|
1,935,000
|
1,944,675
|
|||||||||||
Fresenius Medical Care U.S. Finance II, Inc., 144A, 5.625%, 7/31/2019
|
1,980,000
|
2,138,400
|
|||||||||||
HCA, Inc.:
|
|||||||||||||
5.875%, 3/15/2022
|
2,505,000
|
2,586,412
|
|||||||||||
6.5%, 2/15/2020
|
9,615,000
|
10,564,481
|
|||||||||||
7.5%, 2/15/2022
|
1,109,000
|
1,217,128
|
|||||||||||
Hologic, Inc., 6.25%, 8/1/2020 (b)
|
1,935,000
|
2,041,425
|
|||||||||||
IMS Health, Inc., 144A, 6.0%, 11/1/2020
|
2,350,000
|
2,496,875
|
|||||||||||
LifePoint Hospitals, Inc., 144A, 5.5%, 12/1/2021
|
2,430,000
|
2,439,113
|
|||||||||||
Par Pharmaceutical Companies, Inc., 7.375%, 10/15/2020
|
4,662,000
|
4,819,342
|
|||||||||||
Physio-Control International, Inc., 144A, 9.875%, 1/15/2019
|
2,726,000
|
3,053,120
|
|||||||||||
Salix Pharmaceuticals Ltd., 144A, 6.0%, 1/15/2021
|
1,455,000
|
1,491,375
|
|||||||||||
Tenet Healthcare Corp.:
|
|||||||||||||
4.375%, 10/1/2021 (b)
|
3,695,000
|
3,473,300
|
|||||||||||
4.5%, 4/1/2021 (b)
|
460,000
|
435,850
|
|||||||||||
6.25%, 11/1/2018
|
14,050,000
|
15,560,375
|
|||||||||||
88,368,071
|
|||||||||||||
Industrials 9.1%
|
|||||||||||||
Accuride Corp., 9.5%, 8/1/2018
|
2,721,000
|
2,659,778
|
|||||||||||
ADT Corp., 144A, 6.25%, 10/15/2021
|
1,405,000
|
1,475,250
|
|||||||||||
Aguila 3 SA, 144A, 7.875%, 1/31/2018
|
3,955,000
|
4,192,300
|
|||||||||||
Alphabet Holding Co., Inc.:
|
|||||||||||||
7.75%, 11/1/2017 (PIK)
|
1,870,000
|
1,928,438
|
|||||||||||
144A, 7.75%, 11/1/2017 (PIK)
|
2,425,000
|
2,500,781
|
|||||||||||
Armored Autogroup, Inc., 9.25%, 11/1/2018 (b)
|
4,685,000
|
4,509,312
|
|||||||||||
Artesyn Escrow, Inc., 144A, 9.75%, 10/15/2020
|
2,335,000
|
2,451,750
|
|||||||||||
AWAS Aviation Capital Ltd., 144A, 7.0%, 10/17/2016
|
2,823,080
|
2,921,888
|
|||||||||||
BakerCorp International, Inc., 8.25%, 6/1/2019
|
2,785,000
|
2,778,038
|
|||||||||||
Belden, Inc., 144A, 5.5%, 9/1/2022
|
3,360,000
|
3,292,800
|
|||||||||||
Bombardier, Inc., 144A, 5.75%, 3/15/2022 (b)
|
2,060,000
|
2,044,550
|
|||||||||||
Casella Waste Systems, Inc., 7.75%, 2/15/2019
|
4,935,000
|
5,058,375
|
|||||||||||
Clean Harbors, Inc., 5.125%, 6/1/2021
|
2,375,000
|
2,398,750
|
|||||||||||
CTP Transportation Products LLC, 144A, 8.25%, 12/15/2019
|
2,415,000
|
2,517,638
|
|||||||||||
Darling Escrow Corp., 144A, 5.375%, 1/15/2022 (c)
|
1,925,000
|
1,939,438
|
|||||||||||
DigitalGlobe, Inc., 144A, 5.25%, 2/1/2021
|
1,395,000
|
1,360,125
|
|||||||||||
Ducommun, Inc., 9.75%, 7/15/2018
|
2,795,000
|
3,109,438
|
|||||||||||
DynCorp International, Inc., 10.375%, 7/1/2017
|
3,745,000
|
3,829,262
|
|||||||||||
Florida East Coast Railway Corp., 8.125%, 2/1/2017
|
1,750,000
|
1,826,563
|
|||||||||||
FTI Consulting, Inc., 6.0%, 11/15/2022
|
1,885,000
|
1,908,563
|
|||||||||||
Garda World Security Corp., 144A, 7.25%, 11/15/2021
|
2,550,000
|
2,569,125
|
|||||||||||
GenCorp, Inc., 7.125%, 3/15/2021
|
6,990,000
|
7,479,300
|
|||||||||||
Huntington Ingalls Industries, Inc.:
|
|||||||||||||
6.875%, 3/15/2018
|
2,400,000
|
2,592,000
|
|||||||||||
7.125%, 3/15/2021 (b)
|
2,480,000
|
2,721,800
|
|||||||||||
Kenan Advantage Group, Inc., 144A, 8.375%, 12/15/2018
|
5,230,000
|
5,504,575
|
|||||||||||
Meritor, Inc.:
|
|||||||||||||
6.75%, 6/15/2021 (b)
|
1,860,000
|
1,897,200
|
|||||||||||
10.625%, 3/15/2018
|
2,870,000
|
3,056,550
|
|||||||||||
Navios Maritime Holdings, Inc.:
|
|||||||||||||
144A, 7.375%, 1/15/2022
|
7,315,000
|
7,351,575
|
|||||||||||
8.125%, 2/15/2019
|
3,255,000
|
3,344,512
|
|||||||||||
Navios South American Logistics, Inc., 9.25%, 4/15/2019
|
2,890,000
|
3,117,587
|
|||||||||||
Nortek, Inc., 8.5%, 4/15/2021
|
3,615,000
|
4,003,612
|
|||||||||||
Ply Gem Industries, Inc., 9.375%, 4/15/2017 (b)
|
981,000
|
1,059,480
|
|||||||||||
Spirit AeroSystems, Inc.:
|
|||||||||||||
6.75%, 12/15/2020
|
1,465,000
|
1,576,706
|
|||||||||||
7.5%, 10/1/2017
|
1,730,000
|
1,799,200
|
|||||||||||
Titan International, Inc., 144A, 6.875%, 10/1/2020
|
5,600,000
|
5,838,000
|
|||||||||||
TransDigm, Inc.:
|
|||||||||||||
7.5%, 7/15/2021 (b)
|
3,140,000
|
3,375,500
|
|||||||||||
7.75%, 12/15/2018
|
2,820,000
|
3,024,450
|
|||||||||||
United Rentals North America, Inc.:
|
|||||||||||||
5.75%, 7/15/2018
|
3,460,000
|
3,697,875
|
|||||||||||
6.125%, 6/15/2023
|
210,000
|
213,150
|
|||||||||||
7.375%, 5/15/2020
|
5,690,000
|
6,308,787
|
|||||||||||
7.625%, 4/15/2022
|
5,690,000
|
6,323,012
|
|||||||||||
Watco Companies LLC, 144A, 6.375%, 4/1/2023
|
1,385,000
|
1,371,150
|
|||||||||||
132,928,183
|
|||||||||||||
Information Technology 4.7%
|
|||||||||||||
ACI Worldwide, Inc., 144A, 6.375%, 8/15/2020
|
955,000
|
997,975
|
|||||||||||
Activision Blizzard, Inc., 144A, 5.625%, 9/15/2021
|
6,745,000
|
6,981,075
|
|||||||||||
Alliance Data Systems Corp., 144A, 5.25%, 12/1/2017
|
2,375,000
|
2,464,063
|
|||||||||||
Audatex North America, Inc.:
|
|||||||||||||
144A, 6.0%, 6/15/2021
|
1,440,000
|
1,508,400
|
|||||||||||
144A, 6.125%, 11/1/2023
|
250,000
|
257,500
|
|||||||||||
BMC Software Finance, Inc., 144A, 8.125%, 7/15/2021
|
3,165,000
|
3,259,950
|
|||||||||||
CDW LLC, 8.5%, 4/1/2019
|
10,025,000
|
11,077,625
|
|||||||||||
CyrusOne LP, 6.375%, 11/15/2022
|
950,000
|
983,250
|
|||||||||||
eAccess Ltd., 144A, 8.25%, 4/1/2018
|
2,720,000
|
2,971,600
|
|||||||||||
EarthLink, Inc., 7.375%, 6/1/2020 (b)
|
2,310,000
|
2,304,225
|
|||||||||||
Equinix, Inc., 5.375%, 4/1/2023 (b)
|
6,455,000
|
6,309,762
|
|||||||||||
First Data Corp.:
|
|||||||||||||
144A, 6.75%, 11/1/2020
|
8,955,000
|
9,313,200
|
|||||||||||
144A, 7.375%, 6/15/2019
|
2,155,000
|
2,300,463
|
|||||||||||
144A, 8.875%, 8/15/2020
|
3,745,000
|
4,142,906
|
|||||||||||
Freescale Semiconductor, Inc., 144A, 6.0%, 1/15/2022
|
2,435,000
|
2,465,437
|
|||||||||||
Healthcare Technology Intermediate, Inc., 144A, 7.375%, 9/1/2018 (PIK)
|
680,000
|
707,200
|
|||||||||||
Hughes Satellite Systems Corp.:
|
|||||||||||||
6.5%, 6/15/2019
|
4,495,000
|
4,865,837
|
|||||||||||
7.625%, 6/15/2021
|
1,910,000
|
2,129,650
|
|||||||||||
IAC/InterActiveCorp., 4.75%, 12/15/2022
|
1,875,000
|
1,748,438
|
|||||||||||
NCR Escrow Corp.:
|
|||||||||||||
144A, 5.875%, 12/15/2021
|
485,000
|
494,094
|
|||||||||||
144A, 6.375%, 12/15/2023
|
1,210,000
|
1,235,713
|
|||||||||||
68,518,363
|
|||||||||||||
Materials 7.3%
|
|||||||||||||
APERAM:
|
|||||||||||||
144A, 7.375%, 4/1/2016
|
850,000
|
873,375
|
|||||||||||
144A, 7.75%, 4/1/2018
|
905,000
|
927,625
|
|||||||||||
Berry Plastics Corp.:
|
|||||||||||||
9.5%, 5/15/2018 (b)
|
3,000,000
|
3,217,500
|
|||||||||||
9.75%, 1/15/2021
|
3,510,000
|
4,062,825
|
|||||||||||
BOE Intermediate Holding Corp., 144A, 9.0%, 11/1/2017 (PIK)
|
2,885,580
|
3,008,217
|
|||||||||||
BOE Merger Corp., 144A, 9.5%, 11/1/2017 (PIK)
|
3,745,000
|
3,979,062
|
|||||||||||
Clearwater Paper Corp., 7.125%, 11/1/2018
|
3,025,000
|
3,229,187
|
|||||||||||
Essar Steel Algoma, Inc.:
|
|||||||||||||
144A, 9.375%, 3/15/2015 (b)
|
10,490,000
|
9,913,050
|
|||||||||||
144A, 9.875%, 6/15/2015
|
1,680,000
|
1,024,800
|
|||||||||||
Exopack Holding Corp., 144A, 10.0%, 6/1/2018
|
1,915,000
|
2,077,775
|
|||||||||||
Exopack Holdings SA, 144A, 7.875%, 11/1/2019
|
2,410,000
|
2,458,200
|
|||||||||||
FMG Resources August 2006 Pty Ltd.:
|
|||||||||||||
144A, 6.0%, 4/1/2017 (b)
|
2,970,000
|
3,155,625
|
|||||||||||
144A, 6.375%, 2/1/2016 (b)
|
2,000,000
|
2,070,000
|
|||||||||||
144A, 6.875%, 4/1/2022 (b)
|
2,415,000
|
2,632,350
|
|||||||||||
144A, 7.0%, 11/1/2015 (b)
|
3,245,000
|
3,366,687
|
|||||||||||
144A, 8.25%, 11/1/2019 (b)
|
2,530,000
|
2,839,925
|
|||||||||||
FQM Akubra, Inc.:
|
|||||||||||||
144A, 7.5%, 6/1/2021
|
5,405,000
|
5,648,225
|
|||||||||||
144A, 8.75%, 6/1/2020
|
3,135,000
|
3,401,475
|
|||||||||||
Greif, Inc., 7.75%, 8/1/2019
|
910,000
|
1,032,850
|
|||||||||||
Hexion U.S. Finance Corp.:
|
|||||||||||||
6.625%, 4/15/2020
|
860,000
|
881,500
|
|||||||||||
8.875%, 2/1/2018
|
6,745,000
|
7,006,369
|
|||||||||||
IAMGOLD Corp., 144A, 6.75%, 10/1/2020
|
2,925,000
|
2,515,500
|
|||||||||||
Kaiser Aluminum Corp., 8.25%, 6/1/2020
|
2,370,000
|
2,678,100
|
|||||||||||
KGHM International Ltd., 144A, 7.75%, 6/15/2019
|
5,165,000
|
5,449,075
|
|||||||||||
Novelis, Inc., 8.75%, 12/15/2020 (b)
|
5,100,000
|
5,673,750
|
|||||||||||
OI European Group BV, 144A, 6.75%, 9/15/2020
|
EUR
|
985,000
|
1,572,552
|
||||||||||
Packaging Dynamics Corp., 144A, 8.75%, 2/1/2016
|
4,200,000
|
4,315,500
|
|||||||||||
Perstorp Holding AB, 144A, 8.75%, 5/15/2017 (b)
|
3,445,000
|
3,703,375
|
|||||||||||
Plastipak Holdings, Inc., 144A, 6.5%, 10/1/2021
|
2,335,000
|
2,416,725
|
|||||||||||
Polymer Group, Inc., 7.75%, 2/1/2019
|
2,335,000
|
2,489,694
|
|||||||||||
PolyOne Corp., 5.25%, 3/15/2023
|
2,295,000
|
2,237,625
|
|||||||||||
Rain CII Carbon LLC:
|
|||||||||||||
144A, 8.0%, 12/1/2018
|
2,120,000
|
2,194,200
|
|||||||||||
144A, 8.25%, 1/15/2021
|
1,380,000
|
1,407,600
|
|||||||||||
Sealed Air Corp.:
|
|||||||||||||
144A, 8.125%, 9/15/2019
|
1,315,000
|
1,476,088
|
|||||||||||
144A, 8.375%, 9/15/2021
|
1,315,000
|
1,492,525
|
|||||||||||
106,428,931
|
|||||||||||||
Telecommunication Services 19.7%
|
|||||||||||||
Altice Financing SA:
|
|||||||||||||
144A, 6.5%, 1/15/2022
|
1,500,000
|
1,515,000
|
|||||||||||
144A, 7.875%, 12/15/2019 (b)
|
2,120,000
|
2,305,500
|
|||||||||||
Altice Finco SA, 144A, 9.875%, 12/15/2020 (b)
|
2,120,000
|
2,385,000
|
|||||||||||
CenturyLink, Inc.:
|
|||||||||||||
Series V, 5.625%, 4/1/2020
|
920,000
|
936,100
|
|||||||||||
Series W, 6.75%, 12/1/2023
|
3,900,000
|
3,948,750
|
|||||||||||
Cincinnati Bell, Inc.:
|
|||||||||||||
8.375%, 10/15/2020 (b)
|
10,625,000
|
11,501,562
|
|||||||||||
8.75%, 3/15/2018 (b)
|
5,865,000
|
6,158,250
|
|||||||||||
CPI International, Inc., 8.0%, 2/15/2018
|
2,060,000
|
2,152,700
|
|||||||||||
Cricket Communications, Inc., 7.75%, 10/15/2020 (b)
|
10,040,000
|
11,445,600
|
|||||||||||
Digicel Group Ltd.:
|
|||||||||||||
144A, 8.25%, 9/30/2020
|
13,857,000
|
14,359,316
|
|||||||||||
144A, 10.5%, 4/15/2018
|
4,005,000
|
4,285,350
|
|||||||||||
Digicel Ltd.:
|
|||||||||||||
144A, 7.0%, 2/15/2020
|
800,000
|
808,000
|
|||||||||||
144A, 8.25%, 9/1/2017
|
12,540,000
|
13,041,600
|
|||||||||||
ERC Ireland Preferred Equity Ltd., 144A, 7.69% **, 2/15/2017 (PIK) *
|
EUR
|
4,552,995
|
0
|
||||||||||
Frontier Communications Corp.:
|
|||||||||||||
7.125%, 1/15/2023 (b)
|
12,450,000
|
12,294,375
|
|||||||||||
7.625%, 4/15/2024
|
980,000
|
977,550
|
|||||||||||
8.25%, 4/15/2017 (b)
|
2,796,000
|
3,243,360
|
|||||||||||
8.5%, 4/15/2020 (b)
|
4,270,000
|
4,782,400
|
|||||||||||
8.75%, 4/15/2022
|
8,085,000
|
8,974,350
|
|||||||||||
Intelsat Jackson Holdings SA:
|
|||||||||||||
144A, 5.5%, 8/1/2023
|
4,390,000
|
4,175,987
|
|||||||||||
7.25%, 10/15/2020
|
10,060,000
|
11,003,125
|
|||||||||||
7.5%, 4/1/2021
|
10,740,000
|
11,840,850
|
|||||||||||
8.5%, 11/1/2019
|
4,825,000
|
5,265,281
|
|||||||||||
Intelsat Luxembourg SA:
|
|||||||||||||
144A, 7.75%, 6/1/2021
|
5,970,000
|
6,402,825
|
|||||||||||
144A, 8.125%, 6/1/2023
|
950,000
|
1,018,875
|
|||||||||||
Level 3 Communications, Inc., 8.875%, 6/1/2019
|
545,000
|
595,413
|
|||||||||||
Level 3 Financing, Inc.:
|
|||||||||||||
144A, 6.125%, 1/15/2021
|
1,460,000
|
1,474,600
|
|||||||||||
7.0%, 6/1/2020
|
11,605,000
|
12,301,300
|
|||||||||||
8.125%, 7/1/2019 (b)
|
5,585,000
|
6,115,575
|
|||||||||||
8.625%, 7/15/2020
|
4,660,000
|
5,219,200
|
|||||||||||
MetroPCS Wireless, Inc.:
|
|||||||||||||
6.625%, 11/15/2020
|
6,755,000
|
7,160,300
|
|||||||||||
144A, 6.625%, 4/1/2023 (b)
|
2,300,000
|
2,374,750
|
|||||||||||
7.875%, 9/1/2018 (b)
|
3,260,000
|
3,500,425
|
|||||||||||
Millicom International Cellular SA, 144A, 4.75%, 5/22/2020
|
6,700,000
|
6,432,000
|
|||||||||||
NII Capital Corp., 7.625%, 4/1/2021
|
2,570,000
|
1,053,700
|
|||||||||||
Pacnet Ltd.:
|
|||||||||||||
144A, 9.0%, 12/12/2018
|
1,500,000
|
1,528,125
|
|||||||||||
144A, 9.25%, 11/9/2015
|
3,696,000
|
3,857,700
|
|||||||||||
SBA Communications Corp., 5.625%, 10/1/2019
|
1,920,000
|
1,977,600
|
|||||||||||
SBATelecommunications, Inc., 5.75%, 7/15/2020
|
4,000,000
|
4,160,000
|
|||||||||||
Sprint Communications, Inc.:
|
|||||||||||||
6.0%, 12/1/2016
|
8,320,000
|
9,079,200
|
|||||||||||
8.375%, 8/15/2017
|
2,810,000
|
3,252,575
|
|||||||||||
9.125%, 3/1/2017
|
2,880,000
|
3,384,000
|
|||||||||||
Sprint Corp., 144A, 7.125%, 6/15/2024
|
2,420,000
|
2,456,300
|
|||||||||||
T-Mobile U.S.A., Inc.:
|
|||||||||||||
6.125%, 1/15/2022
|
975,000
|
992,063
|
|||||||||||
6.5%, 1/15/2024
|
975,000
|
987,188
|
|||||||||||
6.633%, 4/28/2021
|
250,000
|
263,125
|
|||||||||||
Telenet Finance Luxembourg SCA, 144A, 6.375%, 11/15/2020
|
EUR
|
5,000,000
|
7,394,384
|
||||||||||
tw telecom holdings, Inc.:
|
|||||||||||||
5.375%, 10/1/2022 (b)
|
2,625,000
|
2,579,063
|
|||||||||||
144A, 5.375%, 10/1/2022
|
450,000
|
442,125
|
|||||||||||
144A, 6.375%, 9/1/2023
|
2,260,000
|
2,350,400
|
|||||||||||
UPCB Finance III Ltd., 144A, 6.625%, 7/1/2020
|
1,495,000
|
1,588,438
|
|||||||||||
UPCB Finance V Ltd., 144A, 7.25%, 11/15/2021
|
9,145,000
|
9,922,325
|
|||||||||||
UPCB Finance VI Ltd., 144A, 6.875%, 1/15/2022
|
4,850,000
|
5,153,125
|
|||||||||||
Wind Acquisition Finance SA:
|
|||||||||||||
144A, 6.5%, 4/30/2020
|
1,850,000
|
1,970,250
|
|||||||||||
144A, 7.25%, 2/15/2018
|
3,475,000
|
3,657,438
|
|||||||||||
Windstream Corp.:
|
|||||||||||||
6.375%, 8/1/2023
|
2,335,000
|
2,183,225
|
|||||||||||
7.5%, 6/1/2022
|
11,470,000
|
11,728,075
|
|||||||||||
7.5%, 4/1/2023
|
3,810,000
|
3,829,050
|
|||||||||||
7.75%, 10/15/2020 (b)
|
485,000
|
514,706
|
|||||||||||
7.75%, 10/1/2021
|
6,460,000
|
6,847,600
|
|||||||||||
7.875%, 11/1/2017
|
3,775,000
|
4,312,937
|
|||||||||||
287,459,986
|
|||||||||||||
Utilities 2.0%
|
|||||||||||||
AES Corp.:
|
|||||||||||||
8.0%, 10/15/2017
|
2,680,000
|
3,149,000
|
|||||||||||
8.0%, 6/1/2020
|
4,120,000
|
4,820,400
|
|||||||||||
Calpine Corp.:
|
|||||||||||||
144A, 7.5%, 2/15/2021
|
3,136,000
|
3,422,160
|
|||||||||||
144A, 7.875%, 7/31/2020
|
3,643,000
|
3,989,085
|
|||||||||||
Enel SpA, 144A, 8.75%, 9/24/2073
|
4,230,000
|
4,599,562
|
|||||||||||
Energy Future Holdings Corp., Series Q, 6.5%, 11/15/2024
|
4,626,000
|
1,619,100
|
|||||||||||
Energy Future Intermediate Holding Co., LLC, 10.0%, 12/1/2020 (b)
|
5,805,000
|
6,167,813
|
|||||||||||
NRG Energy, Inc., 7.625%, 1/15/2018
|
1,660,000
|
1,892,400
|
|||||||||||
29,659,520
|
|||||||||||||
Total Corporate Bonds
(Cost $1,288,733,362)
|
1,332,963,968
|
||||||||||||
Government & Agency Obligations 0.9%
|
|||||||||||||
Other Government Related (d) 0.3%
|
|||||||||||||
Vimpel Communications, 144A, 6.493%, 2/2/2016 (Cost $4,053,810)
|
4,130,000
|
4,408,775
|
|||||||||||
U.S. Treasury Obligation 0.6%
|
|||||||||||||
U.S. Treasury Note, 0.75%, 6/15/2014 (e) (Cost $8,039,792)
|
8,000,000
|
8,023,128
|
|||||||||||
Total Government & Agency Obligations
(Cost $12,093,602)
|
12,431,903
|
||||||||||||
Loan Participations and Assignments 0.5%
|
|||||||||||||
Senior Loans **
|
|||||||||||||
Alliance Mortgage Cycle Loan, Term Loan A, 9.5%, 6/15/2010 *
|
3,500,000
|
0
|
|||||||||||
Caesars Entertainment Operating Co., Term Loan B6, 5.488%, 1/26/2018
|
1,480,212
|
1,417,688
|
|||||||||||
Chesapeake Energy Corp., Term Loan, 5.75%, 12/1/2017
|
3,680,000
|
3,762,542
|
|||||||||||
Travelport LLC, Second Lien Term Loan, 9.5%, 1/29/2016
|
2,068,409
|
2,146,626
|
|||||||||||
Total Loan Participations and Assignments
(Cost $10,541,013)
|
7,326,856
|
||||||||||||
Convertible Bonds 1.0%
|
|||||||||||||
Consumer Discretionary 0.0%
|
|||||||||||||
MGM Resorts International, 4.25%, 4/15/2015
|
405,000
|
556,875
|
|||||||||||
Materials 1.0%
|
|||||||||||||
GEO Specialty Chemicals, Inc., 144A, 7.5%, 3/31/2015 (PIK)
|
7,287,779
|
14,117,886
|
|||||||||||
Total Convertible Bonds
(Cost $7,667,803)
|
14,674,761
|
||||||||||||
Preferred Security 0.4%
|
|||||||||||||
Materials
|
|||||||||||||
Hercules, Inc., 6.5%, 6/30/2029 (Cost $4,661,576)
|
6,975,000
|
6,068,250
|
|||||||||||
Shares
|
Value ($)
|
||||||||||||
Common Stocks 0.1%
|
|||||||||||||
Consumer Discretionary 0.0%
|
|||||||||||||
Dawn Holdings, Inc.* (f)
|
107
|
310,092
|
|||||||||||
Trump Entertainment Resorts, Inc.*
|
366
|
0
|
|||||||||||
Vertis Holdings, Inc.*
|
4,521
|
0
|
|||||||||||
310,092
|
|||||||||||||
Industrials 0.0%
|
|||||||||||||
Congoleum Corp.*
|
135,300
|
0
|
|||||||||||
Materials 0.1%
|
|||||||||||||
GEO Specialty Chemicals, Inc.*
|
136,705
|
101,667
|
|||||||||||
GEO Specialty Chemicals, Inc. 144A*
|
12,448
|
9,258
|
|||||||||||
Wolverine Tube, Inc.*
|
46,935
|
1,513,654
|
|||||||||||
1,624,579
|
|||||||||||||
Total Common Stocks
(Cost $3,245,719)
|
1,934,671
|
||||||||||||
Preferred Stock 0.6%
|
|||||||||||||
Financials
|
|||||||||||||
Ally Financial, Inc., Series G, 144A, 7.0% (Cost $7,725,763)
|
8,405
|
8,069,588
|
|||||||||||
Warrants 0.0%
|
|||||||||||||
Consumer Discretionary 0.0%
|
|||||||||||||
Reader's Digest Association, Inc., Expiration Date 2/19/2014*
|
7,982
|
0
|
|||||||||||
Materials 0.0%
|
|||||||||||||
GEO Specialty Chemicals, Inc., Expiration Date 3/31/2015*
|
672,806
|
495,320
|
|||||||||||
Hercules Trust II, Expiration Date 3/31/2029*
|
6,700
|
70,794
|
|||||||||||
566,114
|
|||||||||||||
Total Warrants
(Cost $1,482,531)
|
566,114
|
||||||||||||
Securities Lending Collateral 12.2%
|
|||||||||||||
Daily Assets Fund Institutional, 0.08% (g) (h) (Cost $177,215,342)
|
177,215,342
|
177,215,342
|
|||||||||||
Cash Equivalents 2.9%
|
|||||||||||||
Central Cash Management Fund, 0.05% (g) (Cost $42,894,113)
|
42,894,113
|
42,894,113
|
|||||||||||
% of
Net Assets
|
Value ($)
|
||||||||||||
Total Investment Portfolio
(Cost $1,556,260,824) †
|
109.9
|
1,604,145,566
|
|||||||||||
Other Assets and Liabilities, Net
|
(9.9)
|
(144,761,025)
|
|||||||||||
Net Assets
|
100.0
|
1,459,384,541
|
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
|
|
The following table represents bonds and senior loans that are in default:
|
Security
|
Coupon
|
Maturity
Date
|
Principal Amount
|
Cost ($)
|
Value ($)
|
|||||||||||||
Alliance Mortgage Cycle Loan*
|
9.5 | % |
6/15/2010
|
3,500,000 |
USD
|
3,508,969 | 0 | |||||||||||
ERC Ireland Preferred Equity Ltd.*
|
7.69 | % |
2/15/2017
|
4,552,995 |
EUR
|
6,197,952 | 0 | |||||||||||
Hellas Telecommunications Finance *
|
8.227 | % |
7/15/2015
|
2,522,281 |
EUR
|
715,283 | 0 | |||||||||||
10,422,204 | 0 |
*
|
Non-income producing security.
|
**
|
Floating rate securities’ yields vary with a designated market index or market rate, such as the coupon-equivalent of the U.S. Treasury Bill rate. These securities are shown at their current rate as of December 31, 2013.
|
†
|
The cost for federal income tax purposes was $1,557,654,200. At December 31, 2013, net unrealized appreciation for all securities based on tax cost was $46,491,366. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $70,906,211 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $24,414,845.
|
(a)
|
Principal amount stated in U.S. dollars unless otherwise noted.
|
(b)
|
All or a portion of these securities were on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The value of securities loaned at December 31, 2013 amounted to $170,301,645, which is 11.7% of net assets.
|
(c)
|
When-issued security.
|
(d)
|
Government-backed debt issued by financial companies or government sponsored enterprises.
|
(e)
|
At December 31, 2013, this security has been pledged, in whole or in part, to cover initial margin requirements for open centrally cleared swap contracts.
|
(f)
|
The Fund may purchase securities that are subject to legal or contractual restrictions on resale ("restricted securities"). Restricted securities are securities which have not been registered with the Securities and Exchange Commission under the Securities Act of 1933. The Fund may be unable to sell a restricted security and it may be more difficult to determine a market value for a restricted security. Moreover, if adverse market conditions were to develop during the period between the Fund's decision to sell a restricted security and the point at which the Fund is permitted or able to sell such security, the Fund might obtain a price less favorable than the price that prevailed when it decided to sell. This investment practice, therefore, could have the effect of increasing the level of illiquidity of the Fund. The future value of these securities is uncertain and there may be changes in the estimated value of these securities.
|
Schedule of
Restricted Securities
|
Acquisition Date
|
Cost ($)
|
Value ($)
|
Value as %
of Net Assets
|
|||||||||
Dawn Holdings, Inc.*
|
August 2013
|
387,564 | 310,092 | 0.02 |
(g)
|
Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.
|
|||||||||
(h)
|
Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
|
|||||||||
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
|
||||||||||
PIK: Denotes that all or a portion of the income is paid in-kind in the form of additional principal.
|
||||||||||
REIT: Real Estate Investment Trust
|
At December 31, 2013, open credit default swap contracts sold were as follows:
|
Centrally Cleared Swaps
|
Effective/
Expiration
Date
|
Notional
Amount ($) (i)
|
Fixed
Cash
Flows
Received
|
Underlying Debt
Obligation/
Quality Rating (j)
|
Value ($)
|
Unrealized
Appreciation ($)
|
||||||||||||
3/20/2013
6/20/2018
|
7,000,000 | 5.0 | % |
Markit Dow Jones CDX North America High Yield Index
|
672,354 | 235,142 |
Bilateral Swaps
|
Effective/
Expiration
Date
|
Notional
Amount ($) (i)
|
Fixed
Cash
Flows
Received
|
Underlying Debt
Obligation/
Quality Rating (j)
|
Value ($)
|
Upfront Payments
Paid/
(Received) ($)
|
Unrealized
Appreciation ($)
|
|||||||||||||||
6/21/2010
9/20/2015
|
4,270,000 | 1 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
346,156 | (76,117 | ) | 422,273 | ||||||||||||
6/21/2010
9/20/2015
|
1,500,000 | 2 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
121,600 | (142,500 | ) | 264,100 | ||||||||||||
6/21/2010
9/20/2015
|
1,650,000 | 3 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
133,760 | (148,500 | ) | 282,260 | ||||||||||||
6/21/2010
9/20/2015
|
780,000 | 3 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
63,232 | (62,400 | ) | 125,632 | ||||||||||||
6/21/2010
9/20/2015
|
900,000 | 4 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
72,960 | (62,061 | ) | 135,021 | ||||||||||||
6/20/2011
9/20/2015
|
7,000,000 | 4 | 5.0 | % |
HCA, Inc.,
6.375%, 1/15/2015, B-
|
532,073 | 153,153 | 378,920 | |||||||||||||
12/20/2010
3/20/2016
|
5,000,000 | 2 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
510,882 | 222,130 | 288,752 | |||||||||||||
12/20/2010
3/20/2016
|
10,000,000 | 4 | 5.0 | % |
HCA, Inc.,
6.375%, 1/15/2015, B-
|
938,692 | 246,510 | 692,182 | |||||||||||||
3/21/2011
6/20/2016
|
5,530,000 | 2 | 5.0 | % |
HCA, Inc.,
6.375%, 1/15/2015, B-
|
554,862 | 102,159 | 452,703 | |||||||||||||
3/21/2011
6/20/2016
|
8,915,000 | 5 | 5.0 | % |
Ford Motor Credit Co., LLC,
5.0%, 5/15/2018, BBB-
|
983,055 | 527,462 | 455,593 | |||||||||||||
6/20/2011
9/20/2016
|
3,670,000 | 5 | 5.0 | % |
Forest Oil Corp.,
7.25%, 6/15/2019, B-
|
124,977 | 74,384 | 50,593 | |||||||||||||
9/20/2011
12/20/2016
|
2,400,000 | 5 | 5.0 | % |
Ford Motor Co.,
6.5%, 8/1/2018, BBB-
|
312,575 | 63,873 | 248,702 | |||||||||||||
12/20/2011
3/20/2017
|
3,450,000 | 3 | 5.0 | % |
CIT Group, Inc.,
5.5%, 2/15/2019, BB-
|
415,966 | 93,548 | 322,418 | |||||||||||||
9/20/2012
12/20/2017
|
4,730,000 | 6 | 5.0 | % |
General Motors Corp.,
3.3%, 12/20/2017, BB+
|
695,582 | 279,046 | 416,536 | |||||||||||||
6/20/2013
9/20/2018
|
6,450,000 | 1 | 5.0 | % |
Sprint Communications, Inc.,
6.0%, 12/1/2016, BB-
|
735,490 | 361,584 | 373,906 | |||||||||||||
6/20/2013
9/20/2018
|
1,715,000 | 54 | 5.0 | % |
HCA, Inc.,
8.0%, 10/1/2018, B-
|
224,819 | 129,361 | 95,458 | |||||||||||||
6/20/2013
9/20/2018
|
2,370,000 | 3 | 5.0 | % |
DISH DBS Corp.,
6.75%, 6/1/2021, BB-
|
326,150 | 199,800 | 126,350 | |||||||||||||
9/20/2013
12/20/2018
|
5,000,000 | 4 | 5.0 | % |
Sprint Communications, Inc.,
6.0%, 12/1/2016, BB-
|
562,566 | 410,018 | 152,548 | |||||||||||||
9/20/2013
12/20/2018
|
5,000,000 | 3 | 5.0 | % |
Sprint Communications, Inc.,
6.0%, 12/1/2016, BB-
|
562,566 | 403,046 | 159,520 | |||||||||||||
9/20/2013
12/20/2018
|
2,700,000 | 5 | 5.0 | % |
CSC Holdings LLC,
7.625%, 7/15/2018, BB+
|
329,802 | 252,587 | 77,215 | |||||||||||||
9/20/2013
12/20/2018
|
9,875,000 | 2 | 5.0 | % |
CSC Holdings LLC,
7.625%, 7/15/2018, BB+
|
1,167,256 | 975,685 | 191,571 |
Total unrealized appreciation
|
5,712,253
|
|||||||
(i)
|
The maximum potential amount of future undiscounted payments that the Fund could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of buy protection credit default swap contracts entered into by the Fund for the same referenced debt obligation, if any.
|
(j)
|
The quality ratings represent the higher of Moody's Investors Service, Inc. ("Moody's") or Standard & Poor's Corporation ("S&P") credit ratings and are unaudited.
|
Contracts to Deliver
|
In Exchange For
|
Settlement
Date
|
Unrealized
Depreciation ($)
|
Counterparty
|
|||||||||||
EUR
|
22,220,000 |
USD
|
30,514,548 |
1/15/2014
|
(53,270 | ) |
Citigroup, Inc.
|
Currency Abbreviations
|
||||||||||||||
EUR
|
Euro
|
|||||||||||||
USD
|
United States Dollar
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Fixed Income Investments
(k)
|
||||||||||||||||
Corporate Bonds
|
$ | — | $ | 1,332,963,968 | $ | — | $ | 1,332,963,968 | ||||||||
Government & Agency Obligations
|
— | 12,431,903 | — | 12,431,903 | ||||||||||||
Loan Participations and Assignments
|
— | 7,326,856 | — | 7,326,856 | ||||||||||||
Convertible Bonds
|
— | 556,875 | 14,117,886 | 14,674,761 | ||||||||||||
Preferred Security
|
— | 6,068,250 | — | 6,068,250 | ||||||||||||
Common Stocks
|
||||||||||||||||
Consumer Discretionary
|
— | — | 310,092 | 310,092 | ||||||||||||
Materials
|
— | — | 1,624,579 | 1,624,579 | ||||||||||||
Preferred Stock
(k)
|
— | 8,069,588 | — | 8,069,588 | ||||||||||||
Warrants
(k)
|
— | — | 566,114 | 566,114 | ||||||||||||
Short-Term Investments
(k)
|
220,109,455 | — | — | 220,109,455 | ||||||||||||
Derivatives
(l)
|
||||||||||||||||
Credit Default Swap Contracts
|
— | 5,947,395 | — | 5,947,395 | ||||||||||||
Total
|
$ | 220,109,455 | $ | 1,373,364,835 | $ | 16,618,671 | $ | 1,610,092,961 | ||||||||
Liabilities
|
||||||||||||||||
Derivatives
(l)
|
||||||||||||||||
Forward Foreign Currency Exchange Contracts
|
$ | — | $ | (53,270 | ) | $ | — | $ | (53,270 | ) | ||||||
Total
|
$ | — | $ | (53,270 | ) | $ | — | $ | (53,270 | ) | ||||||
There have been no transfers between fair value measurement levels during the period ended December 31, 2013.
|
(k)
|
See Investment Portfolio for additional detailed categorizations.
|
(l)
|
Derivatives include unrealized appreciation (depreciation) on credit default swap contracts and forward foreign currency exchange contracts.
|
Primary Underlying Risk Disclosure
|
Swaps
|
Forward Currency Contracts
|
||||||
Credit Contracts
|
$ | 5,947,395 | $ | — | ||||
Foreign Exchange Contracts
|
$ | — | $ | (53,270 | ) |
ITEM 2.
|
CONTROLS AND PROCEDURES
|
(a)
The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
|
|
(b)
There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.
|
|
ITEM 3.
|
EXHIBITS
|
Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.
|
Registrant:
|
DWS High Income Fund, a series of DWS Income Trust
|
By:
|
/s/Brian E. Binder
Brian E. Binder
President
|
Date:
|
February 21, 2014
|
By:
|
/s/Brian E. Binder
Brian E. Binder
President
|
Date:
|
February 21, 2014
|
By:
|
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
|
Date:
|
February 21, 2014
|
1 Year Investors Cash Trust Chart |
1 Month Investors Cash Trust Chart |
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