<SEC-DOCUMENT>0001057861-16-000024.txt : 20160224
<SEC-HEADER>0001057861-16-000024.hdr.sgml : 20160224
<ACCEPTANCE-DATETIME>20160224154705
ACCESSION NUMBER:		0001057861-16-000024
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151231
FILED AS OF DATE:		20160224
DATE AS OF CHANGE:		20160224
EFFECTIVENESS DATE:		20160224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DREYFUS HIGH YIELD STRATEGIES FUND
		CENTRAL INDEX KEY:			0001057861
		IRS NUMBER:				134001109
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08703
		FILM NUMBER:		161451851

	BUSINESS ADDRESS:	
		STREET 1:		200 PARK AVENUE, 8TH FLOOR
		STREET 2:		THE DREYFUS CORPORATION
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		2129226789

	MAIL ADDRESS:	
		STREET 1:		200 PARK AVENUE
		STREET 2:		THE DREYFUS CORPORATION
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>lp1430.htm
<DESCRIPTION>FORM N-Q
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 24pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C.&nbsp; 20549</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">FORM N-Q</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT<BR>INVESTMENT COMPANY</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Investment Company Act file number</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">811-08703</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Exact name of Registrant as specified in charter)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">c/o The Dreyfus Corporation</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York&nbsp; 10166</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip code)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bennett A. MacDougall, Esq.</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York&nbsp; 10166</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Name and address of agent for service)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Registrant's telephone number, including area code:&nbsp; </FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(212) 922-6000</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of fiscal year end:</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp; 3/31</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of reporting period:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;12/31/15</FONT></P></TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">FORM N-Q</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schedule of Investments.</FONT></B></P></DIV>

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   <TD style="TEXT-INDENT: 0.36pt" align=left><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS</FONT></B>&nbsp;</TD></TR>

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   <TD align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>Dreyfus High Yield Strategies Fund</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>December 31, 2015 (Unaudited)</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Coupon</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Maturity</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Principal</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.119pt" align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>Bonds and Notes--139.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Rate (%)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Date</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Amount ($) </FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><SUP>&nbsp;<FONT size=2 face=Arial>a</FONT></SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Value ($</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Casinos--7.5%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

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   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Boyd Gaming,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,075,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,109,937</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Boyd Gaming,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,430,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,522,950</FONT>&nbsp;</TD></TR>

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   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>MGM Resorts International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

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   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>740,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>789,025</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>MGM Resorts International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6,310,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7,244,637</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Peninsula Gaming,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>525,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>535,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Pinnacle Entertainment,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,695,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,775,512</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Pinnacle Entertainment,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,095,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,142,906</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scientific Games International,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,915,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,514,225</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>17,634,692</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Consumer Discretionary--17.1%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>American Builders &amp; Contractors</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Supply, Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>895,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>903,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Beacon Roofing Supply,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>805,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>824,119</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Cablevision Systems,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,675,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,822,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CalAtlantic Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,025,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,270,025</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CCO Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/31/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,445,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,526,281</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>ClubCorp Club Operations,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,010,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,979,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>DriveTime Automotive Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,185,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,060,575</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ferrellgas Partners,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,785,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,631,825</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gray Television,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></P>

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<TR>

   <TD width="29%"></TD>

   <TD width="18%"></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>975,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,005,469</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Hillman Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,265,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,056,275</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>iHeartCommunications,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,865,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,368,444</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>iHeartCommunications,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>675,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>473,344</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>iHeartCommunications,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>14.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,119,731</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>310,725</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Midcontinent Communications &amp;</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Finance, Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,155,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,175,212</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>MPG Holdco I,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,730,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,755,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Neiman Marcus Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>460,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>342,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Neiman Marcus Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,890,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,181,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Nexstar Broadcasting,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,615,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,657,394</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Omega US Sub,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,200,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,113,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>RCN Telecom Services,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,805,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,843,569</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Rite Aid,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,860,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,953,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Schaeffler Holding Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>610,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>658,800</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Shea Homes Funding,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/1/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>490,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>505,925</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>StoneMor Partners,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,540,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,593,900</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Townsquare Media,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,285,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,180,594</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>United Rentals North America,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,800,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,932,660</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Wave Holdco,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,125,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,091,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>William Lyon Homes,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,585,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,746,562</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>39,964,773</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Consumer Staples--4.5%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Albea Beauty Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,040,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,176,800</FONT>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="22%"></TD>

   <TD width="11%"></TD>

   <TD width="13%"></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Bakkavor Finance 2,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>GBP</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>975,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,563,841</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Pinnacle Operating,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>985,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>928,362</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Post Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,815,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,898,944</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Post Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,310,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,391,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>RSI Home Products,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,460,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,511,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>10,470,922</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Energy--7.9%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Bonanza Creek Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,265,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>771,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Carrizo Oil &amp; Gas,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,220,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,829,575</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Chesapeake Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,815,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>898,425</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Diamondback Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,445,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,466,675</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Eclipse Resources,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,205,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>581,412</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Energy Trasnfer Equity,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,800,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,674,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EP Energy Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd.Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,200,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,056,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Forum Energy Technologies,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,465,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,223,275</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Jones Energy Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,125,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>635,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Matador Resources,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,170,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,093,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Northern Oil and Gas,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,115,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,087,050</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>RSP Permian,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>570,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>527,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>RSP Permian,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,180,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,091,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sanchez Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>55,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>29,975</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sanchez Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>935,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>575,025</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Targa Resources Partners,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="24%"></TD>

   <TD width="9%"></TD>

   <TD width="13%"></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,005,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>914,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>18,455,937</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Financial--20.7%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ally Financial,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>860,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>975,025</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ally Financial,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/31</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,630,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,888,762</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Argos Merger Sub,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,645,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,629,130</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ashton Woods USA/Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,855,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,586,025</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Cabot Financial,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>GBP</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>475,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>724,758</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Communications Sales &amp; Leasing,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,985,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,687,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Consolidated Energy Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,081,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,038,787</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Garfunkelux Holdco 2,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Bonds</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>GBP</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,045,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,052,441</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Hub Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,640,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,481,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>HUB International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,175,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,060,437</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>International Lease Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,195,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,786,075</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>International Lease Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,255,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,523,256</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>International Lease Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,675,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,827,844</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Jurassic Holdings III,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,325,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>801,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>KCG Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,175,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,063,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ladder Capital Finance Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,100,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,100,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Lloyds Bank,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sub. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>GBP</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/16/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,385,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,826,207</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Lloyds Bank,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sub. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/16/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>690,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>829,244</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Lloyds Banking Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Jr. Sub. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/30/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,222,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,371,985</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Navient,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.45</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,675,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,822,125</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<TABLE style="WIDTH: 862px; HEIGHT: 1164px" border=0 cellSpacing=0>



<TR>

   <TD width="24%"></TD>

   <TD width="9%" align=right></TD>

   <TD width="13%" align=right></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Provident Funding Associates,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,205,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,171,862</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Royal Bank of Scotland Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Jr. Sub. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/29/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,385,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,648,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Royal Bank of Scotland,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sub. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/16/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,530,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,659,756</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>USI,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,355,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,269,631</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>York Risk Services Holding,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,930,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,589,837</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>48,415,137</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Health Care--15.3%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Auris Luxembourg II,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Bonds</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>530,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>629,973</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Auris Luxembourg II,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Bonds</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,165,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,384,752</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Capsugel,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,775,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,733,953</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CHS/Community Health Systems,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,145,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,092,044</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CHS/Community Health Systems,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,900,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,923,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>ConvaTec Finance International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,660,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,417,525</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>HCA,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5,470,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6,085,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>IASIS Healthcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,405,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,299,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Jaguar Holding Co II,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,225,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,197,437</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>JLL/Delta Dutch Pledgeco,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,794,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,735,695</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Kindred Healthcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,095,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,782,756</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>LifePoint Health,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>290,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>295,075</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Tenet Healthcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>390,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>361,725</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Tenet Healthcare,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5,355,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5,368,387</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Valeant Pharmaceuticals</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>International, Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,305,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,265,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Valeant Pharmaceuticals</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<DIV align=left>

<TABLE style="WIDTH: 864px; HEIGHT: 1166px" border=0 cellSpacing=0>



<TR>

   <TD width="24%"></TD>

   <TD width="9%" align=right></TD>

   <TD width="13%" align=right></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>International, Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,330,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,340,825</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>35,914,747</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Industrial--15.0%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Acosta,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,175,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,039,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>ADS Waste Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,930,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,966,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ahern Rentals,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,265,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,840,312</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Algeco Scotsman Global Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>885,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>745,612</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Algeco Scotsman Global Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>185,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>164,871</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Bombardier,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>745,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>525,225</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Bombardier,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>425,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>345,312</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Cemex Espana,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/30/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>725,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>770,312</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Cemex,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,795,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,920,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>DPx Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,990,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,947,712</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Galapagos Holding,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>700,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>665,858</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gardner Denver,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,095,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>843,150</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gates Global,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,855,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,344,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>H&amp;E Equipment Services,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,350,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,329,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>HD Supply,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,900,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,226,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Manitowoc,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,100,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,216,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Mobile Mini,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>945,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>982,800</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Navios Maritime Acquisition,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,690,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,480,863</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Navios Maritime Holdings Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>690,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>347,588</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Navios South American Logistics,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,420,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>935,425</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<DIV align=left>

<TABLE style="WIDTH: 862px; HEIGHT: 1170px" border=0 cellSpacing=0>



<TR>

   <TD width="24%"></TD>

   <TD width="9%"></TD>

   <TD width="13%"></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Nortek,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,570,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,636,882</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Reliance Intermediate Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,508,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,575,860</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Trinseo Materials Operating SCA,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,450,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,431,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>XPO Logistics,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,815,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,685,681</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>XPO Logistics,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>950,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>969,494</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Zachry Holdings,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,335,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,314,975</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>35,254,082</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Information Technology--4.7%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Alcatel-Lucent USA,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>490,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>518,175</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ensemble S Merger Sub,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/30/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,030,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,969,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>First Data,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,450,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,458,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Infor Software Parent,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,410,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,750,263</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Infor US,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,335,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,131,413</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Riverbed Technology,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,345,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,177,919</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>11,005,495</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Materials--15.2%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>ArcelorMittal,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.85</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,473,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,215,803</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ardagh Finance Holdings,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,288,668</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,267,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ardagh Packaging Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,000,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,055,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ardagh Packaging Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,625,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,851,425</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Axalta Coating Systems/Dutch,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,625,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,774,297</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>BWAY Holding,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,745,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,460,300</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Eco Services Operations,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>720,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>615,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Global Brass &amp; Copper,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<DIV align=left>

<TABLE style="WIDTH: 865px; HEIGHT: 1165px" border=0 cellSpacing=0>



<TR>

   <TD width="23%"></TD>

   <TD width="10%"></TD>

   <TD width="13%"></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,655,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,758,438</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Hexion,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,160,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>823,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Hexion,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>825,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>319,688</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Hexion,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,125,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>930,938</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Horizon Holdings I,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>570,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>644,223</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Mercer International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,620,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,659,300</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Platform Specialty Products,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,495,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,495,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ply Gem Industries,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>435,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>393,675</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Reynolds Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/19</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,765,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,789,194</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sappi Papier Holding,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/17</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>730,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>761,938</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Signode Industrial Group,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,250,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,778,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Tronox Finance,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,465,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>888,962</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Univar,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,200,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,098,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>35,581,331</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Telecommunications--25.5%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Alcatel-Lucent USA,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.45</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,295,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,332,294</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Altice Financing,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>905,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>895,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Altice Finco,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>210,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>194,775</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Altice Finco,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/24</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,900,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,843,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Altice Finco,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,100,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,174,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Altice,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>200,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>173,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Altice,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,330,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,108,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CenturyLink,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes, Ser. W</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>12/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,900,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,729,625</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<TABLE style="WIDTH: 863px; HEIGHT: 1169px" border=0 cellSpacing=0>



<TR>

   <TD width="22%"></TD>

   <TD width="11%"></TD>

   <TD width="13%"></TD>

   <TD width="17%"></TD>

   <TD width="20%"></TD>

   <TD width="2%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Cincinnati Bell,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,025,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,050,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CPI International,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>825,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,d</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>816,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Digicel Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,425,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,075,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Digicel Group,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/30/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,175,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,635,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>DISH DBS,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,450,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,484,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Eileme 2,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/31/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,900,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,088,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Frontier Communications,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>650,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>604,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Frontier Communications,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,605,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,601,744</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Frontier Communications,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/15/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,090,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,074,325</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Hughes Satellite Systems,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,510,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,733,763</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Intelsat Luxembourg,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,015,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>952,088</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Intelsat Luxembourg,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,825,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>834,938</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Interoute Finco,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Bonds</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>870,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>990,860</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Neptune Finco,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>350,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>364,875</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Neptune Finco,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10.13</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,825,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,952,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sable International Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,220,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,183,400</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sable International Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,845,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,941,863</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sprint Capital,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>8.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/15/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>800,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>602,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sprint Communications,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9.00</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/18</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>650,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>685,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sprint Communications,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5,325,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4,925,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sprint,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>9/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,000,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>753,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>T-Mobile USA,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_12"></A><BR>

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<DIV align=left>

<TABLE style="WIDTH: 864px; HEIGHT: 1108px" border=0 cellSpacing=0>



<TR>

   <TD width="24%"></TD>

   <TD width="9%" align=right></TD>

   <TD width="13%" align=right></TD>

   <TD width="17%"></TD>

   <TD width="19%"></TD>

   <TD width="2%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/26</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,085,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,098,009</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>T-Mobile USA,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/28/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,000,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,040,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>T-Mobile USA,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.73</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/28/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,000,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,045,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>T-Mobile USA,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.84</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/28/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,840,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,946,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Wind Acquisition Finance,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>4/23/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,550,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,416,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Windstream Services,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/15/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>975,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>825,094</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Windstream Services,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.75</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,375,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,088,828</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Windstream Services,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/17</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>345,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>354,663</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>59,618,619</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Utilities--5.9%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Calpine,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1/15/23</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,719,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,839,330</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Dynegy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.63</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>11/1/24</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,745,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,219,951</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>NRG Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,010,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>865,570</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>NRG Energy,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>5/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,317,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3,126,273</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Talen Energy Supply,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Unscd. Notes</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6/1/25</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2,295,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b,c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,526,175</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Techem Energy Metering Service &amp;</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Co., Gtd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.88</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>10/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,435,000</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,677,470</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Viridian Group FundCo II,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Sr. Scd. Notes</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3/1/20</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,390,000</FONT></TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1,559,685</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>13,814,454</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Total Bonds and Notes</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>(cost $356,769,829)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>326,130,189</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.119pt" align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>Preferred Stocks--1.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Shares</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><SUP>&nbsp;</SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Financial</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>GMAC Capital Trust I,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Ser. 2, 8.13%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>(cost $2,492,932)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>98,738</FONT></TD>

   <TD align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</SUP></TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>2,503,996</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.119pt" align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>Other Investment--6.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><SUP>&nbsp;</SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Registered Investment Company;</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><SUP>&nbsp;</SUP></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<TABLE style="WIDTH: 864px; HEIGHT: 177px" border=0 cellSpacing=0>



<TR>

   <TD width="48%"></TD>

   <TD width="36%"></TD>

   <TD width="2%"></TD>

   <TD width="14%"></TD></TR>

<TR vAlign=bottom>

   <TD width="48%" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Dreyfus Institutional Preferred</FONT>&nbsp;</TD>

   <TD width="36%" align=left>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" width="48%" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Plus Money Market Fund</FONT>&nbsp;</TD>

   <TD width="36%" align=left>&nbsp;</TD>

   <TD width="2%" align=left>&nbsp;</TD>

   <TD width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.919pt" width="48%" align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>(cost $15,140,382)</FONT>&nbsp;</TD>

   <TD width="36%" align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>15,140,382</FONT></TD>

   <TD width="2%" align=left><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>e</FONT></SUP>&nbsp;</TD>

   <TD width="14%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>15,140,382</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="48%" align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Total Investments </FONT></B><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>(cost $374,403,143)</FONT>&nbsp;</TD>

   <TD width="36%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>146.9</FONT></B></TD>

   <TD width="2%" align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>%</FONT></B>&nbsp;</TD>

   <TD width="14%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>343,774,567</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="48%" align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Liabilities, Less Cash and Receivables</FONT></B>&nbsp;</TD>

   <TD width="36%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>(46.9</FONT></B></TD>

   <TD width="2%" align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>%)</FONT></B>&nbsp;</TD>

   <TD width="14%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>(109,750,615<B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>)</FONT></B></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="48%" align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>Net Assets</FONT></B>&nbsp;</TD>

   <TD width="36%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>100.0</FONT></B></TD>

   <TD width="2%" align=left><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>%</FONT></B>&nbsp;</TD>

   <TD width="14%" align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>234,023,952</FONT></B></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="2%"></TD>

   <TD width="97%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>a</FONT>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Principal amount stated in U.S. Dollars unless otherwise noted.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>EUR -- Euro</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>GBP -- British Pound</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>b</FONT>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Collateral for Revolving Credit and Security Agreement.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>c</FONT>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2015,</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>these securities were valued at $143,663,550 or 61.4% of net assets.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>d</FONT>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Variable rate security--interest rate subject to periodic change.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>e</FONT>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Investment in affiliated money market mutual fund.</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>At December 31, 2015, net unrealized depreciation on investments was $30,628,576 of which $2,858,965 related to appreciated investment securities and $33,487,541 related to depreciated investment securities. At December 31, 2015, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.</FONT></P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="59%"></TD>

   <TD width="40%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.119pt" align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>Portfolio Summary (Unaudited) &#8224;</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Value (%)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Corporate Bonds</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>139.3</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Money Market Investment</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>6.5</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Preferred Stocks</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1.1</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=1 face=Arial,Bold,Arial,Helvetica,sans-serif>146.9</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>&#8224; Based on net assets.</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV><BR>

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<P style="TEXT-ALIGN: left"><B><FONT size=3 face="Times New Roman,Bold,Arial,Helvetica,sans-serif">STATEMENT OF FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS</FONT></B><BR><B><FONT size=3 face="Times New Roman,Bold,Arial,Helvetica,sans-serif">December 31, 2015 (Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="32%"></TD>

   <TD width="15%"></TD>

   <TD width="19%"></TD>

   <TD width="15%"></TD>

   <TD width="16%"></TD>

   <TD width="3%"></TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Foreign</FONT>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Unrealized</FONT></TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Forward Foreign Currency</FONT>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Currency</FONT>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Appreciation</FONT></TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 8.279pt" width="32%" align=left><FONT size=2 face="Times New Roman,Arial,Helvetica,sans-serif">Exchange Contracts</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Amounts</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="19%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Proceeds ($)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="15%" align=right><FONT size=2 face="Times New Roman,Arial,Helvetica,sans-serif">Value ($)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(Depreciation) ($)</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><B><FONT size=2 face="Times New Roman,Bold,Arial,Helvetica,sans-serif">Sales:</FONT></B>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=left>&nbsp;</TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif></FONT></TD>

   <TD width="15%" align=left></TD>

   <TD width="19%" align=left></TD>

   <TD width="15%" align=left></TD>

   <TD width="16%" align=left></TD>

   <TD width="3%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>British Pound,</FONT>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=left>&nbsp;</TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.306pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Expiring:</FONT>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=left>&nbsp;</TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.288pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1/29/2016</FONT>&nbsp;<SUP><FONT size=2 face=Arial>a</FONT>&nbsp;</SUP></TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>4,300,000</FONT>&nbsp;</TD>

   <TD width="19%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>6,410,298</FONT>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>6,339,638</FONT>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>70,660</FONT></TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.288pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1/29/2016</FONT>&nbsp;<SUP><FONT size=2 face=Arial>b</FONT>&nbsp;&nbsp;</SUP></TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,345,000</FONT>&nbsp;</TD>

   <TD width="19%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>4,985,931</FONT>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>4,931,648</FONT>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>54,283</FONT></TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif></FONT></TD>

   <TD width="15%" align=left></TD>

   <TD width="19%" align=left></TD>

   <TD width="15%" align=left></TD>

   <TD width="16%" align=left></TD>

   <TD width="3%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Euro,</FONT>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=left>&nbsp;</TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.306pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Expiring:</FONT>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=left>&nbsp;</TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.288pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1/29/2016</FONT>&nbsp;<SUP><FONT size=2 face=Arial>b</FONT>&nbsp;</SUP></TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,665,000</FONT>&nbsp;</TD>

   <TD width="19%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,979,815</FONT>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,985,890</FONT>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(6,075</FONT></TD>

   <TD width="3%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.288pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1/29/2016</FONT>&nbsp;<SUP><FONT size=2 face=Arial>c</FONT>&nbsp;</SUP></TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,595,000</FONT>&nbsp;</TD>

   <TD width="19%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,903,271</FONT>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,909,761</FONT>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(6,490</FONT></TD>

   <TD width="3%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.288pt" width="32%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1/29/2016</FONT>&nbsp;<SUP><FONT size=2 face=Arial>d</FONT>&nbsp;</SUP></TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>2,940,000</FONT>&nbsp;</TD>

   <TD width="19%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,192,311</FONT>&nbsp;</TD>

   <TD width="15%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>3,197,413</FONT>&nbsp;</TD>

   <TD width="16%" align=right><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>(5,102</FONT></TD>

   <TD width="3%" align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="32%" align=left><B><FONT size=3 face="Times New Roman,Bold,Arial,Helvetica,sans-serif"></FONT></B></TD>

   <TD width="15%" align=left></TD>

   <TD width="19%" align=left></TD>

   <TD width="15%" align=left></TD>

   <TD width="16%" align=right><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif></FONT></B></TD>

   <TD width="3%" align=left></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.12pt" width="32%" align=left><B><FONT size=3 face="Times New Roman,Bold,Arial,Helvetica,sans-serif">Gross Unrealized Appreciation</FONT></B>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=right><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>124,943</FONT></B></TD>

   <TD width="3%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.12pt" width="32%" align=left><B><FONT size=3 face="Times New Roman,Bold,Arial,Helvetica,sans-serif">Gross Unrealized Depreciation</FONT></B>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="19%" align=left>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp;</TD>

   <TD width="16%" align=right><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>(17,667</FONT></B></TD>

   <TD width="3%" align=left><B><FONT size=2 face=Arial,Bold,Arial,Helvetica,sans-serif>)</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Counterparties:</FONT></P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="7%"></TD>

   <TD width="92%"></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=3 face="Times New Roman,Arial,Helvetica,sans-serif">a</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Barclays Bank</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=3 face="Times New Roman,Arial,Helvetica,sans-serif">b</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Goldman Sachs International</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=3 face="Times New Roman,Arial,Helvetica,sans-serif">c</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Commonwealth Bank of Australia</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=3 face="Times New Roman,Arial,Helvetica,sans-serif"><FONT size=3 face="Times New Roman,Arial,Helvetica,sans-serif"><FONT size=3 face="Times New Roman">d</FONT></FONT></FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Morgan Stanley Capital Services</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: left"><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>The following is a summary of the inputs used as of December 31, 2015 in valuing the fund's investments:</FONT></P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="38%"></TD>

   <TD width="21%"></TD>

   <TD width="16%"></TD>

   <TD width="14%"></TD>

   <TD width="10%"></TD></TR>

<TR vAlign=bottom>

   <TD width="38%" align=left>&nbsp;</TD>

   <TD width="21%" align=left>&nbsp;</TD>

   <TD width="16%" align=left>&nbsp;</TD>

   <TD width="14%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Level 3 -</FONT></B>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="38%" align=left>&nbsp;</TD>

   <TD width="21%" align=left>&nbsp;</TD>

   <TD width="16%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Level 2 - Other</FONT></B></TD>

   <TD width="14%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Significant</FONT></B>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="38%" align=left>&nbsp;</TD>

   <TD width="21%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Level 1 - Unadjusted</FONT></B>&nbsp;</TD>

   <TD width="16%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Significant</FONT></B></TD>

   <TD width="14%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Unobservable</FONT></B>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Assets ($)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Quoted Prices</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Observable Inputs</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Inputs</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Total</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Investments in Securities:</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Corporate Bonds<SUP>&#8224;</SUP></FONT><SUP>&nbsp;</SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>326,130,189</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>326,130,189</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Mutual Funds</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>15,140,382</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>15,140,382</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Preferred Stocks<SUP>&#8224;</SUP></FONT><SUP>&nbsp;</SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>2,503,996</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>2,503,996</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Other Financial Instruments:</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Forward Foreign Currency Exchange Contracts<SUP>&#8224;&#8224;</SUP></FONT><SUP>&nbsp;</SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>124,943</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>124,943</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>Liabilities ($)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Other Financial Instruments:</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="38%" align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Forward Foreign Currency Exchange Contracts<SUP>&#8224;&#8224;</SUP></FONT><SUP>&nbsp;</SUP></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="21%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="16%" align=right><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>(17,667<FONT size=3 face=Arial,Arial,Helvetica,sans-serif>)</FONT></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="14%" align=center><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>-</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>(17,667<B><FONT size=3 face=Arial,Bold,Arial,Helvetica,sans-serif>)</FONT></B></FONT></B></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE border=0 cellSpacing=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif><SUP>&#8224; </SUP>See Statement of Investments for additional detailed categorizations.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=3 face=Arial,Arial,Helvetica,sans-serif><SUP>&#8224;&#8224; </SUP>Amount shown represents unrealized appreciation (depreciation) at period end.</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>The Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) is the exclusive reference of authoritative U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Commission (&#8220;SEC&#8221;) under authority of federal laws are also sources </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Portfolio valuation: The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Various inputs are used in determining the value of the fund&#8217;s investments </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>relating to fair value measurements. These inputs are summarized in the three broad levels listed below:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Level 1&#8212;unadjusted quoted prices in active markets for </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>identical investments.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Level 2&#8212;other significant observable inputs (including quoted </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Level 3&#8212;significant unobservable inputs (including the fund&#8217;s </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>own assumptions in determining the fair value of investments).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>used to value the fund&#8217;s investments are as follows:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Investments in debt securities excluding short-term investments (other than U.S. Treasury Bills) are valued each business day by an independent </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>pricing service (the &#8220;Service&#8221;) approved by the fund's Board.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Other investments are valued as determined by the Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. These securities are generally categorized within Level 2 of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by the Service. These securities are generally categorized within Level 2 of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>The Service&#8217;s procedures are reviewed by Dreyfus under the general </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>supervision of the fund's Board.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Pursuant to a securities lending agreement with The Bank of New York Mellon, the fund may lend securities to qualified institutions. It </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>is the fund&#8217;s policy that, at origination, all loans are secured by collateral </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>certain money market mutual funds managed by the Manager or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund and credit the fund with the market value of the unreturned </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>securities and is subrogated to the fund&#8217;s rights against the borrower </FONT><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>and the collateral.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at period end is discussed below.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Forward Foreign Currency Exchange Contracts: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized gain or loss which occurred during the period is reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty nonperformance on these forward contracts, which is typically limited</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>to the unrealized gain on each open contract.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.</FONT></P></DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Item 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Controls
and Procedures.</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Registrant's principal executive and principal financial officers have
concluded, based on their evaluation of the Registrant's disclosure controls
and procedures as of a date within 90 days of the filing date of this report,
that the Registrant's disclosure controls and procedures are reasonably
designed to ensure that information required to be disclosed by the Registrant
on Form N-Q is recorded, processed, summarized and reported within the required
time periods and that information required to be disclosed by the Registrant in
the reports that it files or submits on Form N-Q is accumulated and
communicated to the Registrant's management, including its principal executive
and principal financial officers, as appropriate to allow timely decisions
regarding required disclosure.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; There
were no changes to the Registrant's internal control over financial reporting
that occurred during the Registrant's most recently ended fiscal quarter that
have materially affected, or are reasonably likely to materially affect, the
Registrant's internal control over financial reporting.&#160; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Item 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits.</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certifications of principal executive and
principal financial officers as required by Rule 30a-2(a) under the Investment
Company Act of 1940.</font></p>





</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder21"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">FORM N-Q</font></b></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SIGNATURES<br>
<br>
</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dreyfus High Yield
Strategies Fund</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ Bradley J.
Skapyak</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Bradley J.
Skapyak</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;&#160;&#160; February 23, 2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this Report has been signed below by the following persons
on behalf of the Registrant and in the capacities and on the dates indicated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160; &#160;</font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ Bradley J.
Skapyak</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Bradley J.
Skapyak</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;&#160;&#160; February 23, 2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ James
Windels</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; James Windels</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Treasurer</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;&#160;&#160; February 23, 2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">EXHIBIT INDEX</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certifications of principal executive and principal
financial officers as required by Rule 30a-2(a) under the Investment Company
Act of 1940.&#160; (EX-99.CERT)</font></p>




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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SECTION
302 CERTIFICATION</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">I, Bradley
J. Skapyak, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report
on Form N-Q of Dreyfus High Yield Strategies Fund;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">2.&#160;
Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">3.&#160;
Based on my knowledge, the schedule of investments included in this report
fairly present in all material respects the investments of the registrant as of
the end of the fiscal quarter for which the report is filed;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">4.&#160; The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(c)
Evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report based on such evaluation; and</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(d)
Disclosed in this report any change in the registrant's internal control over
financial reporting that occurred during the registrant's most recent fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">5.&#160; The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

<p style="margin-left:.25in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process, summarize, and
report financial information; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant's internal control over financial
reporting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/
Bradley J. Skapyak</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Bradley J. Skapyak</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Date:&#160;&#160;&#160; February
23, 2016</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:11.0pt;">SECTION 302
CERTIFICATION</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">I,
James Windels, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report
on Form N-Q of Dreyfus High Yield Strategies Fund;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.&#160; Based on my knowledge,
this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">3.&#160;
Based on my knowledge, the schedule of investments included in this report
fairly present in all material respects the investments of the registrant as of
the end of the fiscal quarter for which the report is filed;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">4.&#160; The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)
for the registrant and have:</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles;</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(c)
Evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report based on such evaluation; and</font></p>

<p style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(d)
Disclosed in this report any change in the registrant's internal control over
financial reporting that occurred during the registrant's most recent fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">5.&#160; The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

<p style="margin-left:.25in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(a)
All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process, summarize, and
report financial information; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(b)
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant's internal control over financial
reporting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/
James Windels</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; James
Windels</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Treasurer</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Date:&#160;&#160;&#160; February
23, 2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>




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