UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-4975
MFS MULTIMARKET INCOME TRUST
(Exact name of registrant as specified in charter)
500 Boylston Street, Boston, Massachusetts 02116
(Address of principal executive offices) (Zip code)
Susan S. Newton
Massachusetts Financial Services Company
500 Boylston Street
Boston, Massachusetts 02116
(Name and address of agents for service)
Registrants telephone number, including area code: (617) 954-5000
Date of fiscal year end: October 31
Date of reporting period: July 31, 2010
ITEM 1. | SCHEDULE OF INVESTMENTS. |
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10
Issuer |
Shares/Par | Value ($) | ||||
Bonds 111.6% |
||||||
Aerospace 0.8% |
||||||
BE Aerospace, Inc., 8.5%, 2018 |
$ | 1,135,000 | $ | 1,234,275 | ||
Bombardier, Inc., 7.5%, 2018 (n) |
1,285,000 | 1,365,313 | ||||
Bombardier, Inc., 7.45%, 2034 (n) |
210,000 | 196,875 | ||||
Hawker Beechcraft Acquisition Co. LLC, 8.5%, 2015 |
1,220,000 | 982,100 | ||||
Oshkosh Corp., 8.25%, 2017 |
370,000 | 386,650 | ||||
Oshkosh Corp., 8.5%, 2020 |
435,000 | 455,663 | ||||
$ | 4,620,876 | |||||
Airlines 0.4% |
||||||
American Airlines Pass-Through Trust, 7.377%, 2019 |
$ | 617,956 | $ | 525,263 | ||
Continental Airlines, Inc., 7.339%, 2014 |
673,541 | 665,121 | ||||
Continental Airlines, Inc., 7.25%, 2019 |
195,000 | 207,675 | ||||
Delta Air Lines, Inc., 7.711%, 2011 |
415,000 | 424,836 | ||||
GOL Finance LLP, 9.25%, 2020 (z) |
569,000 | 576,113 | ||||
$ | 2,399,008 | |||||
Apparel Manufacturers 0.3% |
||||||
Hanesbrands, Inc., 8%, 2016 |
$ | 820,000 | $ | 857,925 | ||
Phillips-Van Heusen Corp., 7.375%, 2020 |
605,000 | 630,713 | ||||
$ | 1,488,638 | |||||
Asset-Backed & Securitized 6.2% |
||||||
ARCap REIT, Inc., CDO, H, 6.074%, 2045 (d)(z) |
$ | 2,000,000 | $ | 130,000 | ||
Banc of America Commercial Mortgage, Inc., FRN, 5.842%, 2051 |
2,000,000 | 2,085,618 | ||||
Bayview Financial Acquisition Trust, FRN, 5.483%, 2041 |
1,105,428 | 1,085,186 | ||||
Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.925%, 2040 (z) |
3,072,035 | 1,293,941 | ||||
Citigroup Commercial Mortgage Trust, FRN, 5.698%, 2049 |
390,311 | 83,142 | ||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, FRN, 5.366%, 2049 |
1,160,000 | 991,688 | ||||
Crest Ltd., CDO, 7%, 2040 |
2,035,000 | 101,750 | ||||
Deutsche Mortgage & Asset Receiving Corp., FRN, 7.5%, 2031 |
1,269,869 | 1,316,751 | ||||
DLJ Commercial Mortgage Corp., 6.04%, 2031 (z) |
1,926,267 | 1,973,207 | ||||
Falcon Franchise Loan LLC, FRN, 3.277%, 2025 (i)(z) |
5,265,214 | 424,903 | ||||
First Union National Bank Commercial Mortgage Trust, FRN, 0.884%, 2043 (i)(n) |
22,047,134 | 66,371 | ||||
First Union-Lehman Brothers Bank of America, FRN, 0.427%, 2035 (i) |
18,079,987 | 335,514 | ||||
First Union-Lehman Brothers Commercial Mortgage Trust, 7%, 2029 (n) |
1,070,464 | 1,125,468 | ||||
GMAC LLC, FRN, 6.02%, 2033 (z) |
2,542,000 | 2,491,825 | ||||
GMAC LLC, FRN, 7.635%, 2034 (n) |
1,853,000 | 1,701,414 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp., 5.552%, 2045 |
1,590,000 | 1,681,512 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp., 5.42%, 2049 |
2,130,000 | 2,133,426 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.475%, 2043 |
1,590,000 | 1,671,327 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.873%, 2045 |
1,590,000 | 1,730,392 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.817%, 2049 |
2,000,000 | 2,026,314 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 6.061%, 2051 |
270,000 | 79,270 | ||||
Lehman Brothers Commercial Conduit Mortgage Trust, FRN, 0.875%, 2030 (i) |
4,007,820 | 103,846 | ||||
Merrill Lynch Mortgage Trust, FRN, 5.826%, 2050 |
270,000 | 84,200 | ||||
Morgan Stanley Capital I, Inc., FRN, 1.242%, 2039 (i)(z) |
12,521,489 | 413,209 | ||||
PNC Mortgage Acceptance Corp., 7.1%, 2032 (z) |
2,490,000 | 2,487,587 | ||||
Prudential Securities Secured Financing Corp., FRN, 7.274%, 2013 (z) |
2,581,000 | 2,499,391 | ||||
Structured Asset Securities Corp., FRN, 4.67%, 2035 |
776,148 | 759,161 | ||||
Wachovia Bank Commercial Mortgage Trust, FRN, 5.118%, 2042 |
1,375,626 | 1,488,315 | ||||
Wachovia Bank Commercial Mortgage Trust, FRN, 5.693%, 2047 |
1,496,845 | 311,507 | ||||
Wachovia Bank Commercial Mortgage Trust, FRN, 5.753%, 2047 |
229,557 | 41,490 | ||||
Wachovia Bank Commercial Mortgage Trust, FRN, 5.902%, 2051 |
2,000,000 | 2,012,350 | ||||
$ | 34,730,075 | |||||
Automotive 2.1% |
||||||
Accuride Corp., 9.5%, 2018 (z) |
$ | 420,000 | $ | 428,400 | ||
Allison Transmission, Inc., 11%, 2015 (n) |
1,830,000 | 1,967,250 |
1
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Automotive continued |
||||||
Ford Motor Credit Co. LLC, 12%, 2015 |
$ | 5,631,000 | $ | 6,702,073 | ||
General Motors Corp., 7.125%, 2013 (d) |
1,290,000 | 430,538 | ||||
Goodyear Tire & Rubber Co., 9%, 2015 |
2,045,000 | 2,137,025 | ||||
Goodyear Tire & Rubber Co., 10.5%, 2016 |
245,000 | 274,400 | ||||
$ | 11,939,686 | |||||
Basic Industry 0.2% |
||||||
TriMas Corp., 9.75%, 2017 (n) |
$ | 1,045,000 | $ | 1,067,206 | ||
Broadcasting 2.3% |
||||||
Allbritton Communications Co., 8%, 2018 (n) |
$ | 595,000 | $ | 593,513 | ||
Entravision Communications Corp., 8.75%, 2017 (z) |
300,000 | 303,000 | ||||
Gray Television, Inc., 10.5%, 2015 (n) |
405,000 | 400,950 | ||||
Inmarsat Finance PLC, 7.375%, 2017 (n) |
1,160,000 | 1,189,000 | ||||
Intelsat Jackson Holdings Ltd., 9.5%, 2016 |
4,430,000 | 4,729,025 | ||||
Lamar Media Corp., 6.625%, 2015 |
340,000 | 338,300 | ||||
Local TV Finance LLC, 10%, 2015 (p)(z) |
706,151 | 601,209 | ||||
Newport Television LLC, 13%, 2017 (n)(p) |
862,380 | 669,991 | ||||
Nexstar Broadcasting Group, Inc., 0.5% to 2011, 7% to 2014 (n)(p) |
533,664 | 464,147 | ||||
Nexstar Broadcasting Group, Inc., 7%, 2014 |
175,000 | 161,875 | ||||
Salem Communications Corp., 9.625%, 2016 |
344,000 | 362,920 | ||||
Sinclair Broadcast Group, Inc., 9.25%, 2017 (n) |
570,000 | 595,650 | ||||
SIRIUS XM Radio, Inc., 8.75%, 2015 (n) |
1,010,000 | 1,040,300 | ||||
Univision Communications, Inc., 12%, 2014 (n) |
490,000 | 537,775 | ||||
Univision Communications, Inc., 9.75%, 2015 (n)(p) |
1,039,895 | 897,646 | ||||
Young Broadcasting, Inc., 8.75%, 2014 (d) |
215,000 | 0 | ||||
$ | 12,885,301 | |||||
Brokerage & Asset Managers 0.7% |
||||||
E*TRADE Financial Corp., 7.875%, 2015 |
$ | 690,000 | $ | 658,950 | ||
E*TRADE Financial Corp., 12.5%, 2017 |
205,000 | 230,625 | ||||
Janus Capital Group, Inc., 6.95%, 2017 |
2,555,000 | 2,622,968 | ||||
Nuveen Investments, Inc., 10.5%, 2015 |
335,000 | 329,138 | ||||
$ | 3,841,681 | |||||
Building 1.4% |
||||||
Building Materials Holding Corp., 7%, 2020 (n) |
$ | 470,000 | $ | 473,525 | ||
CEMEX Finance Europe B.V., 9.625%, 2017 (n) |
EUR | 660,000 | 817,996 | |||
CEMEX Finance LLC, 9.5%, 2016 (n) |
$ | 2,682,000 | 2,608,245 | |||
Masco Corp., 7.125%, 2020 |
505,000 | 514,251 | ||||
Nortek, Inc., 11%, 2013 |
1,917,644 | 2,047,085 | ||||
Owens Corning, 9%, 2019 |
735,000 | 873,083 | ||||
Ply Gem Industries, Inc., 11.75%, 2013 |
585,000 | 621,563 | ||||
$ | 7,955,748 | |||||
Business Services 1.4% |
||||||
First Data Corp., 9.875%, 2015 |
$ | 2,950,000 | $ | 2,374,750 | ||
Interactive Data Corp., 10.25%, 2018 (z) |
375,000 | 388,125 | ||||
Iron Mountain, Inc., 6.625%, 2016 |
1,250,000 | 1,253,125 | ||||
Iron Mountain, Inc., 8.375%, 2021 |
420,000 | 446,250 | ||||
SunGard Data Systems, Inc., 9.125%, 2013 |
1,510,000 | 1,543,975 | ||||
SunGard Data Systems, Inc., 10.25%, 2015 |
1,020,000 | 1,071,000 | ||||
Terremark Worldwide, Inc., 12%, 2017 |
705,000 | 803,700 | ||||
$ | 7,880,925 | |||||
Cable TV 4.7% |
||||||
Cablevision Systems Corp., 8.625%, 2017 (n) |
$ | 630,000 | $ | 676,463 | ||
CCH II LLC, 13.5%, 2016 |
745,000 | 884,688 | ||||
Charter Communications Holding Co. LLC, 7.875%, 2018 (n) |
300,000 | 314,250 | ||||
Charter Communications Holding Co. LLC, 8.125%, 2020 (n) |
675,000 | 713,813 |
2
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Cable TV continued |
||||||
Charter Communications, Inc., 10.875%, 2014 (n) |
$ | 995,000 | $ | 1,114,400 | ||
Cox Communications, Inc., 4.625%, 2013 |
1,744,000 | 1,875,304 | ||||
CSC Holdings LLC, 8.5%, 2014 |
1,325,000 | 1,431,000 | ||||
CSC Holdings LLC, 8.5%, 2015 |
2,515,000 | 2,706,769 | ||||
DIRECTV Holdings LLC, 5.2%, 2020 |
3,340,000 | 3,545,587 | ||||
EchoStar Corp., 7.125%, 2016 |
1,765,000 | 1,813,538 | ||||
Insight Communications Co., Inc., 9.375%, 2018 (z) |
700,000 | 740,250 | ||||
Mediacom LLC, 9.125%, 2019 |
1,325,000 | 1,344,875 | ||||
Myriad International Holdings B.V., 6.375%, 2017 (z) |
1,181,000 | 1,213,478 | ||||
TCI Communications, Inc., 9.8%, 2012 |
1,135,000 | 1,271,388 | ||||
Time Warner Cable, Inc., 5%, 2020 |
2,630,000 | 2,756,137 | ||||
Videotron LTEE, 6.875%, 2014 |
1,520,000 | 1,546,600 | ||||
Virgin Media Finance PLC, 9.125%, 2016 |
1,720,000 | 1,849,000 | ||||
Virgin Media Finance PLC, 9.5%, 2016 |
680,000 | 765,000 | ||||
$ | 26,562,540 | |||||
Chemicals 2.6% |
||||||
Ashland, Inc., 9.125%, 2017 |
$ | 2,490,000 | $ | 2,829,263 | ||
Braskem S.A., 7%, 2020 (z) |
1,357,000 | 1,370,570 | ||||
Dow Chemical Co., 8.55%, 2019 |
1,500,000 | 1,873,310 | ||||
Hexion Specialty Chemicals, Inc., 9.75%, 2014 |
830,000 | 826,888 | ||||
Hexion U.S. Finance Corp., 8.875%, 2018 |
1,100,000 | 1,060,125 | ||||
Linde Finance B.V., 6% to 2013, FRN to 2049 |
EUR | 101,000 | 139,515 | |||
Lumena Resources Corp., 12%, 2014 (n) |
$ | 1,276,000 | 1,129,260 | |||
Lyondell Chemical Co., 11%, 2018 |
637,686 | 686,310 | ||||
Momentive Performance Materials, Inc., 12.5%, 2014 |
1,438,000 | 1,627,986 | ||||
Momentive Performance Materials, Inc., 11.5%, 2016 |
594,000 | 552,420 | ||||
Mosaic Co., 7.625%, 2016 (n) |
695,000 | 751,080 | ||||
Sociedad Quimica y Minera de Chile S.A., 5.5%, 2020 (n) |
568,000 | 582,692 | ||||
Solutia, Inc., 7.875%, 2020 |
1,175,000 | 1,238,156 | ||||
$ | 14,667,575 | |||||
Computer Software 0.4% |
||||||
Seagate Technology HDD Holdings, 6.375%, 2011 |
$ | 1,967,000 | $ | 2,038,304 | ||
Computer Software - Systems 0.3% |
||||||
Dupont Fabros Technology, Inc., 8.5%, 2017 |
$ | 1,785,000 | $ | 1,898,794 | ||
Conglomerates 0.4% |
||||||
Actuant Corp., 6.875%, 2017 |
$ | 1,495,000 | $ | 1,502,475 | ||
Amsted Industries, Inc., 8.125%, 2018 (z) |
530,000 | 543,250 | ||||
$ | 2,045,725 | |||||
Construction 0.2% |
||||||
Corporacion GEO S.A.B. de C.V., 8.875%, 2014 (n) |
$ | 477,000 | $ | 510,390 | ||
Corporacion GEO S.A.B. de C.V., 9.25%, 2020 (z) |
377,000 | 408,103 | ||||
$ | 918,493 | |||||
Consumer Products 1.1% |
||||||
ACCO Brands Corp., 10.625%, 2015 |
$ | 140,000 | $ | 155,400 | ||
ACCO Brands Corp., 7.625%, 2015 |
435,000 | 417,600 | ||||
Central Garden & Pet Co., 8.25%, 2018 |
765,000 | 776,475 | ||||
Easton-Bell Sports, Inc., 9.75%, 2016 |
490,000 | 515,725 | ||||
Fortune Brands, Inc., 5.125%, 2011 |
1,179,000 | 1,199,117 | ||||
Jarden Corp., 7.5%, 2017 |
1,440,000 | 1,479,600 | ||||
Libbey Glass, Inc., 10%, 2015 (n) |
740,000 | 788,100 | ||||
Visant Holding Corp., 8.75%, 2013 |
670,000 | 683,400 | ||||
$ | 6,015,417 | |||||
3
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Consumer Services 1.5% |
||||||
KAR Holdings, Inc., 10%, 2015 |
$ | 1,700,000 | $ | 1,768,000 | ||
KAR Holdings, Inc., FRN, 4.465%, 2014 |
1,135,000 | 1,069,738 | ||||
Service Corp. International, 7.375%, 2014 |
500,000 | 521,250 | ||||
Service Corp. International, 7%, 2017 |
3,300,000 | 3,349,500 | ||||
Ticketmaster Entertainment, Inc., 10.75%, 2016 |
1,890,000 | 2,003,400 | ||||
$ | 8,711,888 | |||||
Containers 1.0% |
||||||
Crown Americas LLC, 7.75%, 2015 |
$ | 1,215,000 | $ | 1,275,750 | ||
Graham Packaging Holdings Co., 9.875%, 2014 |
1,625,000 | 1,685,938 | ||||
Greif, Inc., 6.75%, 2017 |
1,515,000 | 1,552,875 | ||||
Owens-Illinois, Inc., 7.375%, 2016 |
550,000 | 589,875 | ||||
Reynolds Group, 7.75%, 2016 (n) |
470,000 | 491,150 | ||||
$ | 5,595,588 | |||||
Defense Electronics 0.7% |
||||||
L-3 Communications Corp., 6.375%, 2015 |
$ | 2,790,000 | $ | 2,859,750 | ||
ManTech International Corp., 7.25%, 2018 (n) |
610,000 | 622,200 | ||||
MOOG, Inc., 7.25%, 2018 |
270,000 | 272,025 | ||||
$ | 3,753,975 | |||||
Electronics 0.7% |
||||||
Freescale Semiconductor, Inc., 8.875%, 2014 |
$ | 865,000 | $ | 834,725 | ||
Freescale Semiconductor, Inc., 10.125%, 2018 (n) |
500,000 | 532,500 | ||||
Freescale Semiconductor, Inc., 9.25%, 2018 (n) |
710,000 | 733,075 | ||||
Jabil Circuit, Inc., 7.75%, 2016 |
1,345,000 | 1,445,875 | ||||
NXP B.V., 7.875%, 2014 |
445,000 | 448,338 | ||||
NXP B.V., 9.75%, 2018 (z) |
107,000 | 112,618 | ||||
$ | 4,107,131 | |||||
Emerging Market Quasi-Sovereign 7.6% |
||||||
Banco do Brasil (Cayman Branch), FRN, 8.5%, 2049 |
$ | 738,000 | $ | 842,243 | ||
BNDES Participacoes S.A., 6.5%, 2019 (n) |
607,000 | 679,081 | ||||
BNDES Participacoes S.A., 5.5%, 2020 (n) |
277,000 | 288,773 | ||||
Citic Resources Holdings Ltd., 6.75%, 2014 |
1,078,000 | 1,080,695 | ||||
Ecopetrol S.A., 7.625%, 2019 |
821,000 | 960,570 | ||||
Gaz Capital S.A., 8.125%, 2014 (n) |
1,540,000 | 1,732,500 | ||||
KazMunaiGaz Finance B.V., 8.375%, 2013 |
1,078,000 | 1,190,543 | ||||
KazMunaiGaz Finance B.V., 11.75%, 2015 (n) |
2,793,000 | 3,522,671 | ||||
KazMunaiGaz Finance B.V., 9.125%, 2018 (n) |
713,000 | 863,300 | ||||
KazMunaiGaz Finance B.V., 7%, 2020 (n) |
497,000 | 535,518 | ||||
Majapahit Holding B.V., 7.25%, 2017 |
1,425,000 | 1,592,438 | ||||
Majapahit Holding B.V., 7.25%, 2017 (n) |
1,469,000 | 1,641,608 | ||||
Majapahit Holding B.V., 8%, 2019 (n) |
1,197,000 | 1,394,505 | ||||
Majapahit Holding B.V., 7.75%, 2020 (n) |
1,741,000 | 2,015,208 | ||||
OAO Gazprom, 6.212%, 2016 |
1,886,000 | 1,956,914 | ||||
Pemex Project Funding Master Trust, 5.75%, 2018 |
1,341,000 | 1,421,314 | ||||
Petrobras International Finance Co., 7.875%, 2019 |
1,583,000 | 1,907,241 | ||||
Petroleos Mexicanos, 8%, 2019 |
1,382,000 | 1,672,220 | ||||
Petroleos Mexicanos, 6%, 2020 (n) |
1,610,000 | 1,718,675 | ||||
Petroleos Mexicanos, 5.5%, 2021 (z) |
994,000 | 1,022,826 | ||||
Petroleum Co. of Trinidad & Tobago Ltd., 9.75%, 2019 (n) |
476,000 | 558,110 | ||||
Petroleum Co. of Trinidad & Tobago Ltd., 6%, 2022 |
870,000 | 843,900 | ||||
Qatari Diar Finance Q.S.C., 5%, 2020 (z) |
1,529,000 | 1,541,232 | ||||
Qtel International Finance Ltd., 7.875%, 2019 (n) |
974,000 | 1,146,465 | ||||
Qtel International Finance Ltd., 7.875%, 2019 |
112,000 | 131,832 | ||||
Ras Laffan Liquefied Natural Gas Co. Ltd., 8.294%, 2014 (n) |
2,008,000 | 2,238,920 | ||||
Ras Laffan Liquefied Natural Gas Co. Ltd., 6.75%, 2019 (n) |
2,459,000 | 2,858,814 |
4
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Emerging Market Quasi-Sovereign continued |
||||||
State Bank of India, 4.5%, 2015 (z) |
$ | 1,197,000 | $ | 1,213,040 | ||
VEB Finance Ltd., 6.902%, 2020 (z) |
1,384,000 | 1,462,196 | ||||
VTB Capital S.A., 6.465%, 2015 (n) |
1,445,000 | 1,486,616 | ||||
Waha Aerospace B.V., 3.925%, 2020 (z) |
1,457,000 | 1,461,954 | ||||
$ | 42,981,922 | |||||
Emerging Market Sovereign 8.6% |
||||||
Dominican Republic, 7.5%, 2021 (n) |
$ | 453,000 | $ | 476,783 | ||
Republic of Argentina, 2.5% to 2019, 3.75% to 2029, 5.25% to 2038 |
1,888,000 | 722,160 | ||||
Republic of Argentina, FRN, 0.389%, 2012 |
1,953,150 | 1,789,065 | ||||
Republic of Argentina, FRN, 8.28%, 2033 |
3,953,412 | 3,063,894 | ||||
Republic of Colombia, 7.375%, 2019 |
716,000 | 875,310 | ||||
Republic of Colombia, 8.125%, 2024 |
679,000 | 872,515 | ||||
Republic of Colombia, 7.375%, 2037 |
946,000 | 1,177,770 | ||||
Republic of Indonesia, 0%, 2010 |
IDR | 12,701,000,000 | 1,417,081 | |||
Republic of Indonesia, 6.875%, 2018 |
$ | 1,676,000 | 1,960,920 | |||
Republic of Indonesia, 6.875%, 2018 (n) |
516,000 | 603,720 | ||||
Republic of Indonesia, 11.625%, 2019 |
733,000 | 1,103,165 | ||||
Republic of Indonesia, 11.625%, 2019 (n) |
872,000 | 1,312,360 | ||||
Republic of Indonesia, 5.875%, 2020 (n) |
684,000 | 755,820 | ||||
Republic of Indonesia, 7.75%, 2038 (n) |
1,559,000 | 1,991,623 | ||||
Republic of Panama, 8.875%, 2027 |
1,273,000 | 1,772,653 | ||||
Republic of Panama, 9.375%, 2029 |
1,746,000 | 2,527,335 | ||||
Republic of Panama, 6.7%, 2036 |
265,000 | 310,050 | ||||
Republic of Peru, 7.35%, 2025 |
544,000 | 680,000 | ||||
Republic of Peru, 8.75%, 2033 |
2,935,000 | 4,182,375 | ||||
Republic of Philippines, 9.375%, 2017 |
1,576,000 | 2,056,680 | ||||
Republic of Philippines, 6.5%, 2020 |
1,686,000 | 1,949,522 | ||||
Republic of Philippines, 6.375%, 2034 |
2,181,000 | 2,399,100 | ||||
Republic of Serbia, 6.75%, 2024 |
793,633 | 769,824 | ||||
Republic of South Africa, 5.5%, 2020 |
999,000 | 1,068,930 | ||||
Republic of Turkey, 7%, 2019 |
1,953,000 | 2,245,950 | ||||
Republic of Turkey, 5.625%, 2021 |
670,000 | 691,775 | ||||
Republic of Venezuela, 5.75%, 2016 |
3,742,000 | 2,563,270 | ||||
Republic of Venezuela, 7.65%, 2025 |
1,345,000 | 820,450 | ||||
Republic of Vietnam, 6.75%, 2020 |
808,000 | 888,800 | ||||
Russian Federation, 7.5%, 2030 |
2,071,840 | 2,402,713 | ||||
Ukraine Government International, 6.58%, 2016 |
1,418,000 | 1,419,914 | ||||
United Mexican States, 5.625%, 2017 |
1,364,000 | 1,508,925 | ||||
United Mexican States, 5.95%, 2019 |
268,000 | 302,572 | ||||
$ | 48,683,024 | |||||
Energy - Independent 3.8% |
||||||
Anadarko Petroleum Corp., 5.95%, 2016 |
$ | 625,000 | $ | 602,946 | ||
Anadarko Petroleum Corp., 8.7%, 2019 |
180,000 | 193,737 | ||||
Anadarko Petroleum Corp., 6.45%, 2036 |
270,000 | 242,792 | ||||
Anadarko Petroleum Corp., 6.2%, 2040 |
590,000 | 523,970 | ||||
Chaparral Energy, Inc., 8.875%, 2017 |
1,200,000 | 1,158,000 | ||||
Hilcorp Energy I LP, 9%, 2016 (n) |
1,415,000 | 1,492,825 | ||||
Newfield Exploration Co., 6.625%, 2014 |
435,000 | 445,875 | ||||
Newfield Exploration Co., 6.625%, 2016 |
845,000 | 879,856 | ||||
OPTI Canada, Inc., 8.25%, 2014 |
1,510,000 | 1,311,813 | ||||
Penn Virginia Corp., 10.375%, 2016 |
1,610,000 | 1,771,000 | ||||
Petrohawk Energy Corp., 10.5%, 2014 |
845,000 | 942,175 | ||||
Pioneer Natural Resources Co., 6.875%, 2018 |
1,400,000 | 1,460,985 | ||||
Pioneer Natural Resources Co., 7.5%, 2020 |
1,015,000 | 1,092,668 | ||||
Plains Exploration & Production Co., 7%, 2017 |
2,225,000 | 2,199,969 |
5
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Energy - Independent continued |
||||||
Quicksilver Resources, Inc., 8.25%, 2015 |
$ | 1,120,000 | $ | 1,162,000 | ||
Quicksilver Resources, Inc., 9.125%, 2019 |
875,000 | 953,750 | ||||
Range Resources Corp., 8%, 2019 |
960,000 | 1,029,600 | ||||
Range Resources Corp., 6.75%, 2020 |
785,000 | 787,944 | ||||
SandRidge Energy, Inc., 8%, 2018 (n) |
1,470,000 | 1,470,000 | ||||
Southwestern Energy Co., 7.5%, 2018 |
1,400,000 | 1,568,000 | ||||
$ | 21,289,905 | |||||
Energy - Integrated 0.8% |
||||||
CCL Finance Ltd., 9.5%, 2014 (n) |
$ | 2,118,000 | $ | 2,467,470 | ||
CCL Finance Ltd., 9.5%, 2014 |
471,000 | 548,715 | ||||
Pacific Rubiales Energy Corp., 8.75%, 2016 (n) |
1,327,000 | 1,459,700 | ||||
$ | 4,475,885 | |||||
Entertainment 0.8% |
||||||
AMC Entertainment, Inc., 11%, 2016 |
$ | 1,895,000 | $ | 2,027,650 | ||
AMC Entertainment, Inc., 8.75%, 2019 |
890,000 | 934,500 | ||||
Cinemark USA, Inc., 8.625%, 2019 |
1,220,000 | 1,268,800 | ||||
$ | 4,230,950 | |||||
Financial Institutions 2.7% |
||||||
CIT Group, Inc., 7%, 2014 |
$ | 1,090,000 | $ | 1,060,025 | ||
CIT Group, Inc., 7%, 2017 |
3,600,000 | 3,393,000 | ||||
CIT Group, Inc., 10.25%, 2017 |
1,485,000 | 1,536,975 | ||||
GMAC, Inc., 6.75%, 2014 |
2,730,000 | 2,716,350 | ||||
GMAC, Inc., 8%, 2031 |
1,853,000 | 1,808,991 | ||||
International Lease Finance Corp., 5.875%, 2013 |
1,248,000 | 1,194,960 | ||||
International Lease Finance Corp., 5.625%, 2013 |
1,430,000 | 1,351,350 | ||||
International Lease Finance Corp., 8.75%, 2017 (n) |
1,725,000 | 1,759,500 | ||||
Nationstar Mortgage LLC, 10.875%, 2015 (z) |
390,000 | 326,138 | ||||
$ | 15,147,289 | |||||
Food & Beverages 2.5% |
||||||
Anheuser-Busch InBev S.A., 7.75%, 2019 (n) |
$ | 2,000,000 | $ | 2,490,782 | ||
ARAMARK Corp., 8.5%, 2015 |
1,495,000 | 1,545,456 | ||||
B&G Foods, Inc., 7.625%, 2018 |
615,000 | 635,756 | ||||
CEDC Finance Corp. International, Inc., 9.125%, 2016 (n) |
1,310,000 | 1,336,200 | ||||
Constellation Brands, Inc., 7.25%, 2016 |
1,615,000 | 1,683,638 | ||||
Del Monte Foods Co., 6.75%, 2015 |
1,825,000 | 1,870,625 | ||||
Pinnacle Foods Finance LLC, 9.25%, 2015 |
1,115,000 | 1,152,631 | ||||
Smithfield Foods, Inc., 7.75%, 2017 |
615,000 | 600,394 | ||||
TreeHouse Foods, Inc., 7.75%, 2018 |
945,000 | 998,156 | ||||
Tyson Foods, Inc., 7.85%, 2016 |
1,520,000 | 1,677,700 | ||||
$ | 13,991,338 | |||||
Food & Drug Stores 0.3% |
||||||
CVS Caremark Corp., 6.125%, 2016 |
$ | 1,300,000 | $ | 1,502,862 | ||
Forest & Paper Products 1.8% |
||||||
Boise, Inc., 8%, 2020 |
$ | 1,100,000 | $ | 1,138,500 | ||
Buckeye Technologies, Inc., 8.5%, 2013 |
507,000 | 514,605 | ||||
Cascades, Inc., 7.75%, 2017 |
1,025,000 | 1,066,000 | ||||
Fibria Overseas Finance Ltd., 7.5%, 2020 (n) |
700,000 | 728,000 | ||||
Georgia-Pacific Corp., 7.125%, 2017 (n) |
2,395,000 | 2,493,794 | ||||
Georgia-Pacific Corp., 8%, 2024 |
890,000 | 970,100 | ||||
Georgia-Pacific Corp., 7.25%, 2028 |
270,000 | 268,650 | ||||
Graphic Packaging International Corp., 9.5%, 2013 |
696,000 | 708,180 | ||||
Grupo Papelero Scribe S.A., 8.875%, 2020 (n) |
262,000 | 234,490 | ||||
JSG Funding PLC, 7.75%, 2015 |
65,000 | 65,650 | ||||
Sappi Papier Holding GmbH, 6.75%, 2012 (z) |
265,000 | 264,669 |
6
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Forest & Paper Products continued |
||||||
Smurfit Kappa Group PLC, 7.75%, 2019 (n) |
EUR | 600,000 | $ | 805,347 | ||
UPM-Kymmene Corp., 6.125%, 2012 |
EUR | 100,000 | 135,683 | |||
Votorantim Participacoes S.A., 6.75%, 2021 (n) |
$ | 883,000 | 902,868 | |||
$ | 10,296,536 | |||||
Gaming & Lodging 3.1% |
||||||
Ameristar Casinos, Inc., 9.25%, 2014 |
$ | 920,000 | $ | 982,100 | ||
FelCor Lodging Trust, Inc., 10%, 2014 |
340,000 | 362,100 | ||||
Firekeepers Development Authority, 13.875%, 2015 (n) |
360,000 | 421,200 | ||||
Fontainebleau Las Vegas Holdings LLC, 10.25%, 2015 (d)(n) |
405,000 | 1,013 | ||||
Gaylord Entertainment Co., 6.75%, 2014 |
1,535,000 | 1,473,600 | ||||
GWR Operating Partnership LLP, 10.875%, 2017 (n) |
710,000 | 718,875 | ||||
Harrahs Operating Co., Inc., 11.25%, 2017 |
1,500,000 | 1,620,000 | ||||
Harrahs Operating Co., Inc., 10%, 2018 |
2,000 | 1,683 | ||||
Harrahs Operating Co., Inc., 10%, 2018 |
490,000 | 412,213 | ||||
Host Hotels & Resorts, Inc., 6.75%, 2016 |
990,000 | 1,004,850 | ||||
Host Hotels & Resorts, Inc., 9%, 2017 |
805,000 | 883,488 | ||||
MGM Mirage, 10.375%, 2014 |
190,000 | 209,950 | ||||
MGM Mirage, 11.125%, 2017 |
470,000 | 533,450 | ||||
MGM Mirage, 11.375%, 2018 (n) |
730,000 | 689,850 | ||||
MGM Mirage, 9%, 2020 (n) |
860,000 | 903,000 | ||||
Penn National Gaming, Inc., 8.75%, 2019 |
1,555,000 | 1,624,975 | ||||
Pinnacle Entertainment, Inc., 7.5%, 2015 |
720,000 | 698,400 | ||||
Royal Caribbean Cruises Ltd., 7%, 2013 |
320,000 | 327,200 | ||||
Royal Caribbean Cruises Ltd., 11.875%, 2015 |
1,190,000 | 1,404,200 | ||||
Starwood Hotels & Resorts Worldwide, Inc., 6.75%, 2018 |
990,000 | 1,012,275 | ||||
Station Casinos, Inc., 6%, 2012 (d) |
1,080,000 | 21,600 | ||||
Station Casinos, Inc., 6.5%, 2014 (d) |
325,000 | 813 | ||||
Station Casinos, Inc., 6.875%, 2016 (d) |
1,450,000 | 1,784 | ||||
Wyndham Worldwide Corp., 6%, 2016 |
1,415,000 | 1,434,473 | ||||
Wynn Las Vegas LLC, 7.75%, 2020 (z) |
495,000 | 501,806 | ||||
$ | 17,244,898 | |||||
Industrial 0.8% |
||||||
Altra Holdings, Inc., 8.125%, 2016 |
$ | 595,000 | $ | 600,206 | ||
Aquilex Corp., 11.125%, 2016 (n) |
270,000 | 278,100 | ||||
Baldor Electric Co., 8.625%, 2017 |
1,760,000 | 1,865,600 | ||||
Great Lakes Dredge & Dock Corp., 7.75%, 2013 |
725,000 | 734,063 | ||||
Johnsondiversey Holdings, Inc., 8.25%, 2019 (n) |
720,000 | 756,000 | ||||
RBS Global, Inc. & Rexnord LLC, 8.5%, 2018 (n) |
480,000 | 484,800 | ||||
$ | 4,718,769 | |||||
Insurance 2.0% |
||||||
AIG SunAmerica Global Financing X, 6.9%, 2032 (n) |
$ | 2,384,000 | $ | 2,336,320 | ||
Allianz AG, 5.5% to 2014, FRN to 2049 |
EUR | 140,000 | 178,792 | |||
American International Group, Inc., 8.175%, to 2038, FRN to 2058 |
$ | 1,825,000 | 1,578,625 | |||
ING Groep N.V., 5.775% to 2015, FRN to 2049 |
4,595,000 | 3,744,925 | ||||
MetLife, Inc., 9.25% to 2038, FRN to 2068 (n) |
1,500,000 | 1,695,000 | ||||
Unum Group, 7.125%, 2016 |
1,829,000 | 2,012,571 | ||||
$ | 11,546,233 | |||||
Insurance - Property & Casualty 1.1% |
||||||
Liberty Mutual Group, Inc., 10.75% to 2038, FRN to 2058 (n) |
$ | 1,615,000 | $ | 1,768,425 | ||
USI Holdings Corp., FRN, 4.251%, 2014 (n) |
1,495,000 | 1,255,800 | ||||
XL Group PLC, FRN, 6.5%, 2049 |
775,000 | 589,000 | ||||
ZFS Finance USA Trust II, 6.45% to 2016, FRN to 2065 (n) |
2,310,000 | 2,102,100 | ||||
ZFS Finance USA Trust IV, 5.875% to 2012, FRN to 2032 (n) |
146,000 | 129,922 |
7
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Insurance - Property & Casualty continued |
||||||
ZFS Finance USA Trust V, 6.5% to 2017, FRN to 2037 (n) |
$ | 680,000 | $ | 618,800 | ||
$ | 6,464,047 | |||||
International Market Quasi-Sovereign 0.8% |
||||||
Bank of Ireland, 2.75%, 2012 (n) |
$ | 1,520,000 | $ | 1,512,914 | ||
Canada Housing Trust, 4.6%, 2011 (n) |
CAD | 294,000 | 296,534 | |||
Irish Life & Permanent PLC, 3.6%, 2013 (n) |
$ | 2,500,000 | 2,504,325 | |||
$ | 4,313,773 | |||||
International Market Sovereign 6.4% |
||||||
Federal Republic of Germany, 3.75%, 2015 |
EUR | 1,265,000 | $ | 1,800,641 | ||
Federal Republic of Germany, 6.25%, 2030 |
EUR | 489,000 | 903,422 | |||
Government of Canada, 4.5%, 2015 |
CAD | 531,000 | 568,726 | |||
Government of Canada, 5.75%, 2033 |
CAD | 96,000 | 122,393 | |||
Government of Japan, 1.5%, 2012 |
JPY | 318,000,000 | 3,773,921 | |||
Government of Japan, 1.3%, 2014 |
JPY | 131,000,000 | 1,580,232 | |||
Government of Japan, 1.7%, 2017 |
JPY | 372,600,000 | 4,636,646 | |||
Government of Japan, 2.2%, 2027 |
JPY | 358,200,000 | 4,493,900 | |||
Kingdom of Belgium, 5.5%, 2017 |
EUR | 218,000 | 332,723 | |||
Kingdom of Spain, 4.6%, 2019 |
EUR | 379,000 | 513,641 | |||
Kingdom of Sweden, 4.5%, 2015 |
SEK | 1,965,000 | 301,269 | |||
Kingdom of the Netherlands, 3.75%, 2014 |
EUR | 770,000 | 1,089,129 | |||
Kingdom of the Netherlands, 5.5%, 2028 |
EUR | 262,000 | 437,834 | |||
Republic of Austria, 4.65%, 2018 |
EUR | 774,000 | 1,141,204 | |||
Republic of Finland, 3.875%, 2017 |
EUR | 531,000 | 757,447 | |||
Republic of France, 4.75%, 2012 |
EUR | 406,000 | 572,331 | |||
Republic of France, 4.75%, 2035 |
EUR | 789,000 | 1,215,624 | |||
Republic of Ireland, 4.6%, 2016 |
EUR | 939,000 | 1,251,998 | |||
Republic of Italy, 4.75%, 2013 |
EUR | 3,231,000 | 4,484,750 | |||
Republic of Italy, 5.25%, 2017 |
EUR | 1,903,000 | 2,779,715 | |||
United Kingdom Treasury, 8%, 2015 |
GBP | 943,000 | 1,906,559 | |||
United Kingdom Treasury, 8%, 2021 |
GBP | 304,000 | 675,997 | |||
United Kingdom Treasury, 4.25%, 2036 |
GBP | 432,000 | 674,212 | |||
$ | 36,014,314 | |||||
Machinery & Tools 0.6% |
||||||
Case Corp., 7.25%, 2016 |
$ | 1,065,000 | $ | 1,112,925 | ||
Case New Holland, Inc., 7.875%, 2017 (n) |
1,275,000 | 1,335,563 | ||||
Rental Service Corp., 9.5%, 2014 |
865,000 | 888,788 | ||||
$ | 3,337,276 | |||||
Major Banks 2.9% |
||||||
Bank of America Corp., 5.65%, 2018 |
$ | 2,000,000 | $ | 2,093,648 | ||
Bank of America Corp., 8% to 2018, FRN to 2049 |
3,040,000 | 3,059,365 | ||||
BNP Paribas, 5.186% to 2015, FRN to 2049 (n) |
2,099,000 | 1,826,130 | ||||
BNP Paribas Capital Trust III, 6.625% to 2011, FRN to 2049 |
EUR | 100,000 | 130,315 | |||
Credit Suisse (USA), Inc., 6%, 2018 |
$ | 1,500,000 | 1,630,314 | |||
Goldman Sachs Group, Inc., 7.5%, 2019 |
2,000,000 | 2,323,842 | ||||
JPMorgan Chase Capital XXII, 6.45%, 2037 |
324,000 | 316,873 | ||||
JPMorgan Chase Capital XXVII, 7%, 2039 |
85,000 | 87,984 | ||||
Morgan Stanley, 6.625%, 2018 |
2,000,000 | 2,175,138 | ||||
National Westminster Bank PLC, FRN, 2.932%, 2049 |
EUR | 330,000 | 335,431 | |||
Royal Bank of Scotland Group PLC, 6.99% to 2017, FRN to 2049 (n) |
$ | 435,000 | 295,800 | |||
Royal Bank of Scotland Group PLC, FRN, 7.648%, 2049 |
1,545,000 | 1,293,938 | ||||
UniCredito Luxembourg Finance S.A., 6%, 2017 (n) |
990,000 | 992,941 | ||||
$ | 16,561,719 | |||||
Medical & Health Technology & Services 5.2% |
||||||
Biomet, Inc., 10%, 2017 |
$ | 560,000 | $ | 620,200 |
8
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Medical & Health Technology & Services continued |
||||||
Biomet, Inc., 11.625%, 2017 |
$ | 925,000 | $ | 1,037,156 | ||
Capella Healthcare, Inc., 9.25%, 2017 (n) |
250,000 | 261,250 | ||||
Community Health Systems, Inc., 8.875%, 2015 |
2,955,000 | 3,095,363 | ||||
Cooper Cos., Inc., 7.125%, 2015 |
1,020,000 | 1,016,175 | ||||
Dasa Finance Corp., 8.75%, 2018 |
800,000 | 868,000 | ||||
DaVita, Inc., 6.625%, 2013 |
154,000 | 156,118 | ||||
DaVita, Inc., 7.25%, 2015 |
1,356,000 | 1,391,595 | ||||
Fresenius Medical Care AG & Co. KGaA, 9%, 2015 (n) |
875,000 | 980,000 | ||||
HCA, Inc., 8.75%, 2010 |
1,220,000 | 1,223,660 | ||||
HCA, Inc., 9.25%, 2016 |
4,555,000 | 4,919,400 | ||||
HCA, Inc., 8.5%, 2019 |
765,000 | 845,325 | ||||
HealthSouth Corp., 8.125%, 2020 |
2,200,000 | 2,233,000 | ||||
Owens & Minor, Inc., 6.35%, 2016 |
1,420,000 | 1,442,341 | ||||
Psychiatric Solutions, Inc., 7.75%, 2015 |
410,000 | 423,325 | ||||
Psychiatric Solutions, Inc., 7.75%, 2015 |
440,000 | 454,850 | ||||
Tenet Healthcare Corp., 9.25%, 2015 |
1,560,000 | 1,649,700 | ||||
U.S. Oncology, Inc., 10.75%, 2014 |
1,090,000 | 1,130,875 | ||||
United Surgical Partners International, Inc., 8.875%, 2017 |
560,000 | 574,000 | ||||
United Surgical Partners International, Inc., 9.25%, 2017 (p) |
650,000 | 669,500 | ||||
Universal Hospital Services, Inc., 8.5%, 2015 (p) |
1,640,000 | 1,660,500 | ||||
Vanguard Health Systems, Inc., 8%, 2018 |
965,000 | 965,000 | ||||
VWR Funding, Inc., 10.25%, 2015 (p) |
1,415,000 | 1,460,988 | ||||
$ | 29,078,321 | |||||
Metals & Mining 3.1% |
||||||
Arch Western Finance LLC, 6.75%, 2013 |
$ | 1,410,000 | $ | 1,417,050 | ||
Berau Capital Resources, 12.5%, 2015 (z) |
235,000 | 247,808 | ||||
Cloud Peak Energy, Inc., 8.25%, 2017 (n) |
855,000 | 893,475 | ||||
Cloud Peak Energy, Inc., 8.5%, 2019 (n) |
895,000 | 939,750 | ||||
CONSOL Energy, Inc., 8%, 2017 (n) |
755,000 | 802,188 | ||||
CONSOL Energy, Inc., 8.25%, 2020 (n) |
505,000 | 542,875 | ||||
FMG Finance Ltd., 10.625%, 2016 (n) |
960,000 | 1,094,400 | ||||
International Steel Group, Inc., 6.5%, 2014 |
1,300,000 | 1,433,511 | ||||
Metinvest B.V., 10.25%, 2015 (n) |
402,000 | 415,065 | ||||
Peabody Energy Corp., 5.875%, 2016 |
1,420,000 | 1,437,750 | ||||
Rearden G Holdings Eins GmbH, 7.875%, 2020 (n) |
213,000 | 219,390 | ||||
Southern Copper Corp., 5.375%, 2020 |
220,000 | 226,314 | ||||
Southern Copper Corp., 7.5%, 2035 |
2,746,000 | 3,095,115 | ||||
Southern Copper Corp., 6.75%, 2040 |
744,000 | 781,601 | ||||
Teck Resources Ltd., 9.75%, 2014 |
985,000 | 1,197,348 | ||||
Teck Resources Ltd., 10.25%, 2016 |
745,000 | 901,450 | ||||
Teck Resources Ltd., 10.75%, 2019 |
750,000 | 936,600 | ||||
U.S. Steel Corp., 7.375%, 2020 |
760,000 | 761,900 | ||||
$ | 17,343,590 | |||||
Natural Gas - Distribution 0.6% |
||||||
AmeriGas Partners LP, 7.25%, 2015 |
$ | 1,830,000 | $ | 1,889,475 | ||
Ferrellgas Partners LP, 8.625%, 2020 |
895,000 | 935,275 | ||||
Inergy LP, 6.875%, 2014 |
650,000 | 653,250 | ||||
$ | 3,478,000 | |||||
Natural Gas - Pipeline 1.9% |
||||||
Atlas Pipeline Partners LP, 8.125%, 2015 |
$ | 1,150,000 | $ | 1,141,375 | ||
Atlas Pipeline Partners LP, 8.75%, 2018 |
375,000 | 373,125 | ||||
CenterPoint Energy, Inc., 7.875%, 2013 |
1,250,000 | 1,441,790 | ||||
Crosstex Energy, Inc., 8.875%, 2018 |
1,030,000 | 1,076,350 | ||||
El Paso Corp., 8.25%, 2016 |
925,000 | 1,005,938 | ||||
El Paso Corp., 7%, 2017 |
1,770,000 | 1,852,326 |
9
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Natural Gas - Pipeline continued |
||||||
El Paso Corp., 7.75%, 2032 |
$ | 749,000 | $ | 750,739 | ||
Enterprise Products Partners LP, FRN, 8.375%, 2066 |
527,000 | 536,881 | ||||
Enterprise Products Partners LP, FRN, 7.034%, 2068 |
340,000 | 324,700 | ||||
Kinder Morgan Energy Partners LP, 5.125%, 2014 |
1,147,000 | 1,253,825 | ||||
MarkWest Energy Partners LP, 6.875%, 2014 |
925,000 | 927,313 | ||||
MarkWest Energy Partners LP, 8.75%, 2018 |
220,000 | 236,775 | ||||
$ | 10,921,137 | |||||
Network & Telecom 3.5% |
||||||
Axtel S.A.B. de C.V., 9%, 2019 (n) |
$ | 1,530,000 | $ | 1,384,650 | ||
BellSouth Corp., 6.55%, 2034 |
3,213,000 | 3,599,553 | ||||
Cincinnati Bell, Inc., 8.25%, 2017 |
1,350,000 | 1,336,500 | ||||
Cincinnati Bell, Inc., 8.75%, 2018 |
1,220,000 | 1,192,550 | ||||
Citizens Communications Co., 9%, 2031 |
1,230,000 | 1,260,750 | ||||
New Communications Holdings, Inc., 8.25%, 2017 (n) |
290,000 | 309,575 | ||||
New Communications Holdings, Inc., 8.5%, 2020 (n) |
935,000 | 998,113 | ||||
Nordic Telephone Co. Holdings, 8.875%, 2016 (n) |
1,395,000 | 1,468,238 | ||||
Qwest Communications International, Inc., 8%, 2015 (n) |
1,480,000 | 1,576,200 | ||||
Qwest Communications International, Inc., 7.125%, 2018 (n) |
950,000 | 983,250 | ||||
Qwest Corp., 8.375%, 2016 |
457,000 | 519,838 | ||||
Telefonica Emisiones S.A.U., 2.582%, 2013 |
1,050,000 | 1,059,849 | ||||
Telemar Norte Leste S.A., 9.5%, 2019 (n) |
875,000 | 1,082,813 | ||||
Windstream Corp., 8.625%, 2016 |
2,445,000 | 2,548,913 | ||||
Windstream Corp., 8.125%, 2018 (z) |
220,000 | 223,025 | ||||
$ | 19,543,817 | |||||
Oil Services 0.6% |
||||||
Allis-Chalmers Energy, Inc., 8.5%, 2017 |
$ | 665,000 | $ | 573,563 | ||
Basic Energy Services, Inc., 7.125%, 2016 |
335,000 | 303,175 | ||||
Edgen Murray Corp., 12.25%, 2015 (n) |
360,000 | 301,500 | ||||
Expro Finance Luxembourg, 8.5%, 2016 (n) |
620,000 | 605,275 | ||||
McJunkin Red Man Holding Corp., 9.5%, 2016 (n) |
1,095,000 | 1,078,575 | ||||
Pioneer Drilling Co., 9.875%, 2018 (n) |
790,000 | 793,950 | ||||
$ | 3,656,038 | |||||
Oils 0.1% |
||||||
Petroplus Holdings AG, 9.375%, 2019 (n) |
$ | 650,000 | $ | 585,000 | ||
Other Banks & Diversified Financials 3.6% |
||||||
Banco Internacional del Peru, 8.5%, to 2020, FRN to 2070 (n) |
$ | 249,000 | $ | 259,458 | ||
Banco PanAmericano S.A., 8.5%, 2020 (n) |
665,000 | 704,900 | ||||
Banco Votorantim S.A., 7.375%, 2020 (n) |
2,292,000 | 2,377,950 | ||||
Bank of China (Hong Kong) Ltd., 5.55%, 2020 (n) |
1,957,000 | 2,021,695 | ||||
Bank of Moscow Capital PLC, 6.699%, 2015 (n) |
2,483,000 | 2,501,623 | ||||
Bosphorus Financial Services Ltd., FRN, 2.235%, 2012 |
875,000 | 857,573 | ||||
Capital One Financial Corp., 10.25%, 2039 |
1,110,000 | 1,201,575 | ||||
Citigroup Capital XXI, FRN, 8.3%, 2057 |
1,655,000 | 1,704,650 | ||||
Citigroup, Inc., 6.125%, 2018 |
1,500,000 | 1,604,778 | ||||
Financiera Independencia, 10%, 2015 (n) |
394,000 | 382,180 | ||||
Groupe BPCE S.A., 12.5% to 2019, FRN to 2049 (n) |
2,583,000 | 2,831,898 | ||||
LBG Capital No.1 PLC, 7.875%, 2020 (n) |
1,040,000 | 930,800 | ||||
Santander UK PLC, 8.963% to 2030, FRN to 2049 |
1,200,000 | 1,236,000 | ||||
UBS AG, 4.875%, 2020 |
260,000 | 262,133 | ||||
Woori Bank, 6.125% to 2011, FRN to 2016 (n) |
1,510,000 | 1,529,218 | ||||
$ | 20,406,431 | |||||
Pollution Control 0.1% |
||||||
Allied Waste North America, Inc., 7.125%, 2016 |
$ | 625,000 | $ | 675,000 | ||
10
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Printing & Publishing 0.6% |
||||||
American Media Operations, Inc., 9%, 2013 (p)(z) |
$ | 31,123 | $ | 31,037 | ||
American Media Operations, Inc., 14%, 2013 (p)(z) |
341,130 | 217,385 | ||||
McClatchy Co., 11.5%, 2017 (n) |
505,000 | 532,775 | ||||
Nielsen Finance LLC, 10%, 2014 |
1,835,000 | 1,912,988 | ||||
Nielsen Finance LLC, 11.5%, 2016 |
725,000 | 813,813 | ||||
$ | 3,507,998 | |||||
Railroad & Shipping 0.3% |
||||||
Kansas City Southern Railway, 8%, 2015 |
$ | 1,580,000 | $ | 1,684,675 | ||
Real Estate 0.8% |
||||||
CB Richard Ellis Group, Inc., 11.625%, 2017 |
$ | 365,000 | $ | 413,363 | ||
Country Garden Holdings Co. Ltd., 11.25%, 2017 (n) |
193,000 | 193,965 | ||||
Entertainment Properties Trust, REIT, 7.75%, 2020 (z) |
745,000 | 729,169 | ||||
Simon Property Group, Inc., REIT, 10.35%, 2019 |
2,200,000 | 2,981,546 | ||||
$ | 4,318,043 | |||||
Retailers 2.2% |
||||||
Couche-Tard, Inc., 7.5%, 2013 |
$ | 715,000 | $ | 722,150 | ||
Dollar General Corp., 11.875%, 2017 (p) |
454,000 | 525,505 | ||||
Express Parent LLC, 8.75%, 2018 (n) |
550,000 | 572,000 | ||||
Home Depot, Inc., 5.875%, 2036 |
846,000 | 869,516 | ||||
Limited Brands, Inc., 6.9%, 2017 |
630,000 | 648,900 | ||||
Limited Brands, Inc., 6.95%, 2033 |
360,000 | 321,300 | ||||
Macys, Inc., 5.75%, 2014 |
925,000 | 950,438 | ||||
Macys, Inc., 5.9%, 2016 |
1,080,000 | 1,107,000 | ||||
Neiman Marcus Group, Inc., 10.375%, 2015 |
1,650,000 | 1,720,125 | ||||
QVC, Inc., 7.375%, 2020 (n) |
1,090,000 | 1,117,250 | ||||
Sally Beauty Holdings, Inc., 10.5%, 2016 |
1,255,000 | 1,367,950 | ||||
Toys R Us, Inc., 10.75%, 2017 |
1,545,000 | 1,743,919 | ||||
Toys R Us, Inc., 8.5%, 2017 (n) |
660,000 | 694,650 | ||||
$ | 12,360,703 | |||||
Specialty Stores 0.2% |
||||||
GSC Holdings Corp., 8%, 2012 |
$ | 440,000 | $ | 452,100 | ||
Michaels Stores, Inc., 11.375%, 2016 |
360,000 | 386,100 | ||||
Payless ShoeSource, Inc., 8.25%, 2013 |
227,000 | 230,121 | ||||
$ | 1,068,321 | |||||
Steel 0.5% |
||||||
CSN Resources S.A., 6.5%, 2020 (z) |
$ | 2,778,000 | $ | 2,805,780 | ||
Supermarkets 0.2% |
||||||
Delhaize America, Inc., 9%, 2031 |
$ | 983,000 | $ | 1,325,433 | ||
Supranational 0.4% |
||||||
Central American Bank, 4.875%, 2012 (n) |
$ | 521,000 | $ | 542,150 | ||
Eurasian Development Bank, 7.375%, 2014 (n) |
260,000 | 277,030 | ||||
European Investment Bank, 5.125%, 2017 |
1,500,000 | 1,714,455 | ||||
$ | 2,533,635 | |||||
Telecommunications - Wireless 3.6% |
||||||
Clearwire Corp., 12%, 2015 (n) |
$ | 1,925,000 | $ | 2,011,625 | ||
Cricket Communications, Inc., 7.75%, 2016 |
735,000 | 760,725 | ||||
Crown Castle International Corp., 9%, 2015 |
2,330,000 | 2,551,350 | ||||
Crown Castle International Corp., 7.75%, 2017 (n) |
470,000 | 513,475 | ||||
Crown Castle International Corp., 7.125%, 2019 |
370,000 | 383,875 | ||||
Crown Castle Towers LLC, 6.113%, 2020 (n) |
420,000 | 461,583 | ||||
Digicel Group Ltd., 12%, 2014 (n) |
400,000 | 454,000 | ||||
Digicel Group Ltd., 8.25%, 2017 (n) |
1,140,000 | 1,165,650 | ||||
Digicel Group Ltd., 10.5%, 2018 (n) |
880,000 | 941,600 |
11
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | ||||
Bonds continued |
||||||
Telecommunications - Wireless continued |
||||||
Globo Communicacoes e Participacoes S.A., 6.25%, 2049 (z) |
$ | 322,000 | $ | 325,220 | ||
Indosat Palapa Co. B.V., 7.375%, 2020 (z) |
251,000 | 262,295 | ||||
MetroPCS Wireless, Inc., 9.25%, 2014 |
440,000 | 459,800 | ||||
MTS International Funding Ltd., 8.625%, 2020 (z) |
388,000 | 432,310 | ||||
Net Servicos de Comunicacao S.A., 7.5%, 2020 (n) |
1,055,000 | 1,166,830 | ||||
Nextel Communications, Inc., 6.875%, 2013 |
665,000 | 661,675 | ||||
NII Capital Corp., 8.875%, 2019 |
495,000 | 524,700 | ||||
NII Holdings, Inc., 10%, 2016 |
820,000 | 906,100 | ||||
SBA Communications Corp., 8%, 2016 |
340,000 | 365,500 | ||||
SBA Communications Corp., 8.25%, 2019 |
590,000 | 646,050 | ||||
Sprint Capital Corp., 6.875%, 2028 |
440,000 | 382,800 | ||||
Sprint Nextel Corp., 8.375%, 2017 |
1,745,000 | 1,823,525 | ||||
Sprint Nextel Corp., 8.75%, 2032 |
1,610,000 | 1,632,138 | ||||
Wind Acquisition Finance S.A., 12%, 2015 (n) |
1,602,000 | 1,694,115 | ||||
$ | 20,526,941 | |||||
Telephone Services 0.2% |
||||||
Frontier Communications Corp., 8.125%, 2018 |
$ | 985,000 | $ | 1,044,100 | ||
Tobacco 0.5% |
||||||
Alliance One International, Inc., 10%, 2016 |
$ | 735,000 | $ | 759,806 | ||
Reynolds American, Inc., 6.75%, 2017 |
2,016,000 | 2,227,065 | ||||
$ | 2,986,871 | |||||
Transportation - Services 1.1% |
||||||
American Petroleum Tankers LLC, 10.25%, 2015 (z) |
$ | 250,000 | $ | 250,000 | ||
Commercial Barge Line Co., 12.5%, 2017 |
1,445,000 | 1,551,569 | ||||
Erac USA Finance Co., 7%, 2037 (n) |
878,000 | 971,606 | ||||
Hertz Corp., 8.875%, 2014 |
2,325,000 | 2,394,750 | ||||
Westinghouse Air Brake Technologies Corp., 6.875%, 2013 |
795,000 | 804,938 | ||||
$ | 5,972,863 | |||||
U.S. Treasury Obligations 2.9% |
||||||
U.S. Treasury Bonds, 5.375%, 2031 |
$ | 3,386,000 | $ | 4,160,548 | ||
U.S. Treasury Bonds, 4.5%, 2036 (f) |
11,029,000 | 12,092,262 | ||||
$ | 16,252,810 | |||||
Utilities - Electric Power 3.4% |
||||||
AES Corp., 8%, 2017 |
$ | 2,810,000 | $ | 2,982,113 | ||
Allegheny Energy Supply Co. LLC, 8.25%, 2012 (n) |
805,000 | 877,116 | ||||
Calpine Corp., 8%, 2016 (n) |
940,000 | 982,300 | ||||
Calpine Corp., 7.875%, 2020 (z) |
435,000 | 439,350 | ||||
CenterPoint Energy, Inc., 6.5%, 2018 |
600,000 | 675,283 | ||||
Colbun S.A., 6%, 2020 (n) |
997,000 | 1,043,329 | ||||
Dynegy Holdings, Inc., 7.5%, 2015 |
2,085,000 | 1,662,788 | ||||
Dynegy Holdings, Inc., 7.75%, 2019 |
770,000 | 539,000 | ||||
Edison Mission Energy, 7%, 2017 |
2,115,000 | 1,438,200 | ||||
Energy Future Holdings Corp., 10%, 2020 (n) |
1,370,000 | 1,376,850 | ||||
Mirant North America LLC, 7.375%, 2013 |
1,630,000 | 1,676,863 | ||||
NRG Energy, Inc., 7.375%, 2016 |
1,710,000 | 1,744,200 | ||||
System Energy Resources, Inc., 5.129%, 2014 (z) |
1,147,839 | 1,170,761 | ||||
Texas Competitive Electric Holdings LLC, 10.25%, 2015 |
1,105,000 | 740,350 | ||||
Waterford 3 Funding Corp., 8.09%, 2017 |
1,516,224 | 1,582,499 | ||||
$ | 18,931,002 | |||||
Total Bonds |
$ | 628,931,823 | ||||
Convertible Bonds 0.1% |
||||||
Automotive 0.1% |
||||||
Accuride Corp., 7.5%, 2020 |
$ | 232,969 | $ | 571,438 | ||
12
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Issuer |
Shares/Par | Value ($) | |||||
Floating Rate Loans (g)(r) 1.5% |
|||||||
Aerospace 0.1% |
|||||||
Hawker Beechcraft Acquisition Co. LLC, Term Loan, 10.5%, 2014 |
$ | 464,819 | $ | 460,461 | |||
Automotive 0.8% |
|||||||
Allison Transmission, Inc., Term Loan B, 3.1%, 2014 |
$ | 732,229 | $ | 683,871 | |||
Ford Motor Co., Term Loan B, 3.35%, 2013 |
3,877,199 | 3,764,923 | |||||
$ | 4,448,794 | ||||||
Broadcasting 0.0% |
|||||||
Gray Television, Inc., Term Loan B, 3.85%, 2014 |
$ | 205,387 | $ | 192,397 | |||
Local TV Finance LLC, Term Loan B, 2.32%, 2013 |
82,760 | 73,035 | |||||
$ | 265,432 | ||||||
Consumer Services 0.1% |
|||||||
Realogy Corp., Letter of Credit, 3.37%, 2013 |
$ | 111,772 | $ | 97,451 | |||
Realogy Corp., Term Loan, 3.34%, 2013 |
415,153 | 361,962 | |||||
$ | 459,413 | ||||||
Financial Institutions 0.0% |
|||||||
American General Financial Corp., Term Loan B, 7.25%, 2015 |
$ | 146,115 | $ | 144,060 | |||
Gaming & Lodging 0.1% |
|||||||
MGM Mirage Inc., 7%, 2014 |
$ | 644,846 | $ | 554,478 | |||
Utilities - Electric Power 0.4% |
|||||||
Texas Competitive Electric Holdings Co. LLC, Term Loan B-2, 3.97%, 2014 (o) |
$ | 1,897,154 | $ | 1,470,972 | |||
Texas Competitive Electric Holdings Co. LLC, Term Loan B-3, 3.84%, 2014 |
1,100,263 | 848,749 | |||||
$ | 2,319,721 | ||||||
Total Floating Rate Loans |
$ | 8,652,359 | |||||
Common Stocks 0.4% |
|||||||
Automotive 0.0% |
|||||||
Accuride Corp. (a) |
69,490 | $ | 82,693 | ||||
Broadcasting 0.1% |
|||||||
Dex One Corp. (a) |
11,859 | $ | 214,885 | ||||
Supermedia, Inc. (a) |
394 | 8,309 | |||||
$ | 223,194 | ||||||
Chemicals 0.2% |
|||||||
LyondellBasell Industries N.V., A (a) |
18,958 | $ | 341,244 | ||||
LyondellBasell Industries N.V., B (a) |
43,532 | 783,576 | |||||
$ | 1,124,820 | ||||||
Construction 0.1% |
|||||||
Nortek, Inc. (a) |
12,082 | $ | 483,280 | ||||
Printing & Publishing 0.0% |
|||||||
American Media, Inc. (a) |
5,455 | $ | 33,385 | ||||
Golden Books Family Entertainment, Inc. (a) |
19,975 | 0 | |||||
$ | 33,385 | ||||||
Total Common Stocks |
$ | 1,947,372 | |||||
Rights 0.0% |
|||||||
Emerging Market Sovereign 0.0% |
|||||||
Banco Central del Uruguay, Value Recovery Rights, Expiring January 2021 (a) |
1,250,000 | $ | 0 | ||||
Put Options Purchased 0.0% |
|||||||
JPY Currency - December 2010 @ $0.01 |
JPY541,200,000 | $ | 3,788 | ||||
Money Market Funds (v) 2.7% |
|||||||
MFS Institutional Money Market Portfolio, 0.26%, at Net Asset Value |
15,450,772 | $ | 15,450,772 | ||||
Total Investments |
$ | 655,557,552 | |||||
Other Assets, Less Liabilities (16.3)% |
(91,869,746 | ) | |||||
Net Assets 100.0% |
$ | 563,687,806 | |||||
(a) | Non-income producing security. |
13
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
(d) | Non-income producing security - in default. |
(f) | All or a portion of the security has been segregated as collateral for open futures contracts. |
(g) | The rate shown represents a weighted average coupon rate on settled positions at period end, unless otherwise indicated. |
(i) | Interest only security for which the fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security. |
(n) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $143,568,619, representing 25.47% of net assets. |
(o) | All or a portion of this position has not settled. Upon settlement date, interest rates for unsettled amounts will be determined. The rate shown represents the weighted average coupon rate for settled amounts. |
(p) | Payment-in-kind security. |
(r) | Remaining maturities of floating rate loans may be less than stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty. These loans may be subject to restrictions on resale. Floating rate loans generally have rates of interest which are determined periodically by reference to a base lending rate plus a premium. |
(v) | Underlying fund that is available only to investment companies managed by MFS. The rate quoted is the annualized seven-day yield of the fund at period end. |
(z) | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. The fund holds the following restricted securities: |
Restricted Securities |
Acquisition Date |
Cost | Current Market Value | |||||
Accuride Corp., 9.5%, 2018 |
7/22/10 - 7/23/10 | $ | 418,847 | $ | 428,400 | |||
American Media Operations, Inc., 9%, 2013 |
1/29/09 - 4/15/10 | 22,841 | 31,037 | |||||
American Media Operations, Inc., 14%, 2013 |
1/29/09 - 5/01/10 | 222,549 | 217,385 | |||||
American Petroleum Tankers LLC, 10.25%, 2015 |
5/06/10 | 243,234 | 250,000 | |||||
Amsted Industries, Inc., 8.125%, 2018 |
7/12/10 - 7/29/10 | 541,759 | 543,250 | |||||
ARCap REIT, Inc., CDO, H, 6.074%, 2045 |
9/21/04 | 1,754,376 | 130,000 | |||||
Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.925%, 2040 |
3/01/06 | 3,072,035 | 1,293,941 | |||||
Berau Capital Resources, 12.5%, 2015 |
7/26/10 | 243,215 | 247,808 | |||||
Braskem S.A., 7%, 2020 |
7/21/10 | 1,368,729 | 1,370,570 | |||||
CSN Resources S.A., 6.5%, 2020 |
7/14/10 | 2,752,941 | 2,805,780 | |||||
Calpine Corp., 7.875%, 2020 |
7/20/10 | 431,291 | 439,350 | |||||
Corporacion GEO S.A.B. de C.V., 9.25%, 2020 |
6/25/10 | 371,034 | 408,103 | |||||
DLJ Commercial Mortgage Corp., 6.04%, 2031 |
7/23/04 | 1,901,566 | 1,973,207 | |||||
Entertainment Properties Trust, REIT, 7.75%, 2020 |
6/25/10 - 7/08/10 | 732,945 | 729,169 | |||||
Entravision Communications Corp., 8.75%, 2017 |
7/22/10 | 296,172 | 303,000 | |||||
Falcon Franchise Loan LLC, FRN, 3.277%, 2025 |
1/29/03 | 532,254 | 424,903 | |||||
GMAC LLC, FRN, 6.02%, 2033 |
11/17/00 | 2,088,003 | 2,491,825 | |||||
GOL Finance LLP, 9.25%, 2020 |
7/13/10 | 559,966 | 576,113 | |||||
Globo Communicacoes e Participacoes S.A., 6.25%, 2049 |
4/14/10 | 322,000 | 325,220 | |||||
Indosat Palapa Co. B.V., 7.375%, 2020 |
7/22/10 | 249,691 | 262,295 | |||||
Insight Communications Co., Inc., 9.375%, 2018 |
6/30/10 | 700,000 | 740,250 | |||||
Interactive Data Corp., 10.25%, 2018 |
7/20/10 | 379,809 | 388,125 | |||||
Local TV Finance LLC, 10%, 2015 |
11/09/07 - 5/31/10 | 685,841 | 601,209 | |||||
MTS International Funding Ltd., 8.625%, 2020 |
6/15/10 | 388,000 | 432,310 | |||||
Morgan Stanley Capital I, Inc., FRN, 1.242%, 2039 |
7/20/04 | 202,939 | 413,209 | |||||
Myriad International Holdings B.V., 6.375%, 2017 |
7/22/10 | 1,181,000 | 1,213,478 | |||||
NXP B.V., 9.75%, 2018 |
7/13/10 | 107,000 | 112,618 | |||||
Nationstar Mortgage LLC, 10.875%, 2015 |
3/23/10 | 379,682 | 326,138 | |||||
PNC Mortgage Acceptance Corp., 7.1%, 2032 |
3/25/08 | 2,490,000 | 2,487,587 | |||||
Petroleos Mexicanos, 5.5%, 2021 |
7/13/10 | 984,190 | 1,022,826 | |||||
Prudential Securities Secured Financing Corp., FRN, 7.274%, 2013 |
12/06/04 | 2,678,585 | 2,499,391 | |||||
Qatari Diar Finance Q.S.C., 5%, 2020 |
7/14/10 | 1,528,527 | 1,541,232 |
14
MFS Multimarket Income Trust
PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued
Restricted Securities - continued |
Acquisition Date |
Cost | Current Market Value |
||||||
Sappi Papier Holding GmbH, 6.75%, 2012 |
7/29/10 | $ | 266,325 | $ | 264,669 | ||||
State Bank of India, 4.5%, 2015 |
7/22/10 | 1,193,513 | 1,213,040 | ||||||
System Energy Resources, Inc., 5.129%, 2014 |
4/16/04 | 1,147,839 | 1,170,761 | ||||||
VEB Finance Ltd., 6.902%, 2020 |
7/01/10 | 1,384,000 | 1,462,196 | ||||||
Waha Aerospace B.V., 3.925%, 2020 |
7/21/10 | 1,457,000 | 1,461,954 | ||||||
Windstream Corp., 8.125%, 2018 |
7/12/10 | 218,351 | 223,025 | ||||||
Wynn Las Vegas LLC, 7.75%, 2020 |
7/21/10 | 495,000 | 501,806 | ||||||
Total Restricted Securities |
$ | 33,327,180 | |||||||
% of Net Assets |
5.9 | % |
The following abbreviations are used in this report and are defined:
CDO | Collateralized Debt Obligation | |
CLN | Credit-Linked Note | |
FRN | Floating Rate Note. Interest rate resets periodically and may not be the rate reported at period end. | |
PLC | Public Limited Company | |
REIT | Real Estate Investment Trust |
Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below:
AUD | Australian Dollar | |
CAD | Canadian Dollar | |
CNY | Chinese Yuan Renminbi | |
EUR | Euro | |
GBP | British Pound | |
IDR | Indonesian Rupiah | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
MXN | Mexican Peso | |
PHP | Philippine Peso | |
SEK | Swedish Krona | |
TRY | Turkish Lira | |
TWD | Taiwan Dollar | |
ZAR | South African Rand |
See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.
15
MFS Multimarket Income Trust
Supplemental Information (Unaudited) 7/31/10
(1) Investment Valuations
Debt instruments and floating rate loans (other than short-term instruments), including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Equity securities, including restricted equity securities, are generally valued at the last sale or official closing price as provided by a third-party pricing service on the market or exchange on which they are primarily traded. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation as provided by a third-party pricing service on the market or exchange on which such securities are primarily traded. Equity securities held short, for which there were no sales reported for that day, are generally valued at the last quoted daily ask quotation as provided by a third-party pricing service on the market or exchange on which such securities are primarily traded. Short-term instruments with a maturity at issuance of 60 days or less generally are valued at amortized cost, which approximates market value. Exchange-traded options are generally valued at the last sale or official closing price as provided by a third-party pricing service on the exchange on which such options are primarily traded. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation as provided by a third-party pricing service on the exchange on which such options are primarily traded. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided by a third-party pricing source. Futures contracts are generally valued at last posted settlement price as provided by a third-party pricing service on the market on which they are primarily traded. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation as provided by a third-party pricing service on the market on which such futures contracts are primarily traded. Forward foreign currency contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Open-end investment companies are generally valued at net asset value per share. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. Values obtained from third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.
The Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the funds investments (including any fair valuation) to the adviser pursuant to valuation policies and procedures approved by the Board. If the adviser determines that reliable market quotations are not readily available, investments are valued at fair value as determined in good faith by the adviser in accordance with such procedures under the oversight of the Board of Trustees. Under the funds valuation policies and procedures, market quotations are not considered to be readily available for most types of debt instruments and floating rate loans and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services. In addition, investments may be valued at fair value if the adviser determines that an investments value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the funds net asset value, or after the halting of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the funds net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the funds net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.
Various inputs are used in determining the value of the funds assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investments level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The funds assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes unobservable inputs, which may include the advisers own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments not reflected in total investments, such as futures, forwards, swap contracts, and written options.
16
MFS Multimarket Income Trust
Supplemental Information (Unaudited) 7/31/10 - continued
The following is a summary of the levels used as of July 31, 2010 in valuing the funds assets or liabilities:
Investments at Value |
Level 1 | Level 2 | Level 3 | Total | |||||||||||
Equity Securities |
$ | 1,430,707 | $ | 483,280 | $ | 33,385 | $ | 1,947,372 | |||||||
U.S. Treasury Bonds & U.S. Government Agency & Equivalents |
| 16,252,810 | | 16,252,810 | |||||||||||
Non-U.S. Sovereign Debt |
| 134,526,668 | | 134,526,668 | |||||||||||
Corporate Bonds |
| 352,553,334 | 0 | 352,553,334 | |||||||||||
Residential Mortgage-Backed Securities |
| 1,844,347 | | 1,844,347 | |||||||||||
Commercial Mortgage-Backed Securities |
| 31,360,037 | | 31,360,037 | |||||||||||
Asset-Backed Securities (including CDOs) |
| 1,525,691 | | 1,525,691 | |||||||||||
Foreign Bonds |
| 91,440,374 | | 91,440,374 | |||||||||||
Floating Rate Loans |
| 8,652,359 | | 8,652,359 | |||||||||||
Purchased Currency Options |
| 3,788 | | 3,788 | |||||||||||
Mutual Funds |
15,450,772 | | | 15,450,772 | |||||||||||
Total Investments |
$ | 16,881,479 | $ | 638,642,688 | $ | 33,385 | $ | 655,557,552 | |||||||
Other Financial Instruments |
|||||||||||||||
Futures |
$ | (1,682,349 | ) | $ | | $ | | $ | (1,682,349 | ) | |||||
Forward Currency Contracts |
| (1,743,258 | ) | | (1,743,258 | ) |
For further information regarding security characteristics, see the Portfolio of Investments.
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. The table presents the activity of Level 3 securities held at the beginning and the end of the period.
Equity Securities |
Corporate Bonds | Total | ||||||||
Balance as of 4/30/10 |
$ | 7,310 | $ | | $ | 7,310 | ||||
Accrued discounts/premiums |
| | | |||||||
Realized gain (loss) |
| | | |||||||
Change in unrealized appreciation (depreciation) |
26,075 | (2,150 | ) | 23,925 | ||||||
Net purchases (sales) |
| | | |||||||
Transfers in and/or out of Level 3 |
| 2,150 | 2,150 | |||||||
Balance as of 7/31/10 |
$ | 33,385 | $ | 0 | $ | 33,385 | ||||
The net change in unrealized appreciation (depreciation) from investments still held as Level 3 at July 31, 2010 is $23,925.
(2) Portfolio Securities
The cost and unrealized appreciation and depreciation in the value of the investments owned by the fund, as computed on a federal income tax basis, are as follows:
Aggregate cost |
$ | 623,176,054 | ||
Gross unrealized appreciation |
$ | 49,849,199 | ||
Gross unrealized depreciation |
(17,467,701 | ) | ||
Net unrealized appreciation (depreciation) |
$ | 32,381,498 | ||
The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.
17
MFS Multimarket Income Trust
Supplemental Information (Unaudited) 7/31/10 - continued
(3) Derivative Contracts at 7/31/10
Forward Foreign Currency Exchange Contracts at 7/31/10
Type |
Currency |
Counterparty |
Contracts to Deliver/Receive |
Settlement Date Range |
In Exchange For |
Contracts at Value |
Net Unrealized Appreciation (Depreciation) |
|||||||||||
Asset Derivatives |
||||||||||||||||||
BUY |
AUD | Westpac Banking Corp. | 2,000 | 10/12/10 | $ | 1,699 | $ | 1,795 | $ | 96 | ||||||||
BUY |
CAD | Barclays Bank PLC | 1,443,000 | 08/09/10 | 1,383,310 | 1,403,528 | 20,218 | |||||||||||
BUY |
CAD | UBS AG | 395,580 | 08/06/10 | 378,288 | 384,773 | 6,485 | |||||||||||
BUY |
CNY | HSBC Bank | 18,727,000 | 09/03/10 | 2,746,096 | 2,763,725 | 17,629 | |||||||||||
SELL |
CNY | JPMorgan Chase Bank | 18,313,000 | 09/03/10 | 2,711,029 | 2,702,627 | 8,402 | |||||||||||
BUY |
EUR | Goldman Sachs International | 170,847 | 10/12/10 | 217,358 | 222,614 | 5,256 | |||||||||||
BUY |
EUR | UBS AG | 215,000 | 09/14/10 | 264,601 | 280,167 | 15,566 | |||||||||||
SELL |
GBP | Deutsche Bank AG | 1,018,551 | 10/12/10 | 1,625,373 | 1,597,751 | 27,622 | |||||||||||
BUY |
IDR | JPMorgan Chase Bank | 25,058,224,000 | 08/31/10 | 2,747,612 | 2,787,329 | 39,717 | |||||||||||
BUY |
INR | HSBC Bank | 131,738,000 | 09/29/10 | 2,806,519 | 2,814,180 | 7,661 | |||||||||||
BUY |
JPY | Barclays Bank PLC | 216,532,000 | 10/12/10 | 2,478,606 | 2,507,855 | 29,249 | |||||||||||
BUY |
JPY | UBS AG | 241,016,000 | 09/14/10 | 2,642,314 | 2,790,688 | 148,374 | |||||||||||
BUY |
MXN | HSBC Bank | 35,116,000 | 08/06/10 | 2,690,881 | 2,773,618 | 82,737 | |||||||||||
SELL |
MXN | Goldman Sachs International | 33,000 | 08/03/10 | 2,612 | 2,608 | 4 | |||||||||||
BUY |
PHP | Deutsche Bank AG | 125,948,000 | 09/23/10 | 2,696,959 | 2,749,965 | 53,006 | |||||||||||
BUY |
SEK | Deutsche Bank AG | 18,951,105 | 10/12/10 | 2,516,480 | 2,623,303 | 106,823 | |||||||||||
BUY |
TRY | JPMorgan Chase Bank | 4,238,000 | 08/11/10 | 2,657,803 | 2,807,537 | 149,734 | |||||||||||
BUY |
TWD | JPMorgan Chase Bank | 86,516,000 | 09/28/10 | 2,706,162 | 2,706,828 | 666 | |||||||||||
BUY |
ZAR | HSBC Bank | 20,910,000 | 08/11/10 | 2,694,240 | 2,862,284 | 168,044 | |||||||||||
$ | 887,289 | |||||||||||||||||
Liability Derivatives |
||||||||||||||||||
BUY |
CNY | Deutsche Bank AG | 6,082,000 | 04/18/11 | $ | 919,009 | $ | 902,736 | $ | (16,273 | ) | |||||||
BUY |
CNY | HSBC Bank | 12,127,000 | 04/18/11 | 1,831,320 | 1,799,981 | (31,339 | ) | ||||||||||
SELL |
EUR | HSBC Bank | 2,205,834 | 09/15/10 | 2,677,000 | 2,874,421 | (197,421 | ) | ||||||||||
SELL |
EUR | UBS AG | 19,949,044 | 09/15/10 | 24,063,611 | 25,995,594 | (1,931,983 | ) | ||||||||||
SELL |
GBP | Barclays Bank PLC | 1,018,551 | 10/12/10 | 1,545,600 | 1,597,750 | (52,150 | ) | ||||||||||
SELL |
IDR | JPMorgan Chase Bank | 12,523,455,000 | 10/15/10 | 1,369,881 | 1,382,376 | (12,495 | ) | ||||||||||
SELL |
JPY | HSBC Bank | 243,232,416 | 09/15/10 | 2,751,000 | 2,816,377 | (65,377 | ) | ||||||||||
SELL |
JPY | JPMorgan Chase Bank | 1,262,840,370 | 10/12/10 | 14,425,867 | 14,626,106 | (200,239 | ) | ||||||||||
SELL |
JPY | Merrill Lynch International Bank | 179,255,486 | 10/12/10 | 2,046,015 | 2,076,121 | (30,106 | ) | ||||||||||
BUY |
MXN | Goldman Sachs International | 33,000 | 11/03/10 | 2,587 | 2,582 | (5 | ) | ||||||||||
BUY |
MXN | Merrill Lynch International Bank | 17,090,000 | 08/03/10 | 1,384,254 | 1,350,268 | (33,986 | ) | ||||||||||
SELL |
MXN | HSBC Bank | 17,057,000 | 08/03/10 | 1,288,488 | 1,347,661 | (59,173 | ) | ||||||||||
$ | (2,630,547 | ) | ||||||||||||||||
Futures Contracts Outstanding at 7/31/10
Description |
Currency | Contracts | Value | Expiration Date | Unrealized Appreciation (Depreciation) |
|||||||
Liability Derivatives |
||||||||||||
Interest Rate Futures |
||||||||||||
U.S. Treasury Note 10 yr (Short) |
USD | 477 | 59,058,563 | September - 2010 | ($ | 1,682,349 | ) |
At July 31, 2010, the fund had sufficient cash and/or other liquid securities to cover any commitments under these derivative contracts.
18
MFS Multimarket Income Trust
Supplemental Information (Unaudited) 7/31/10 - continued
(4) Transactions in Underlying Funds-Affiliated Issuers
An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the fund assumes the following to be affiliated issuers:
Underlying Funds |
Beginning Shares/Par Amount |
Acquisitions Shares/Par Amount |
Dispositions Shares/Par Amount |
Ending Shares/Par Amount | |||||||||
MFS Institutional Money Market Portfolio |
15,196,961 | 157,306,173 | (157,052,362 | ) | 15,450,772 | ||||||||
Underlying Funds |
Realized Gain (Loss) |
Capital Gain Distributions |
Dividend Income |
Ending Value | |||||||||
MFS Institutional Money Market Portfolio |
$ | | $ | | $ | 27,522 | $ | 15,450,772 |
(5) Issuer Country Weightings
Issuer country weighting percentages of portfolio holdings based on net assets, as of July 31, 2010, are as follows:
United States |
59.1 | % | |
Brazil |
3.6 | % | |
Indonesia |
2.9 | % | |
Japan |
2.6 | % | |
Mexico |
2.5 | % | |
Russia |
2.2 | % | |
United Kingdom |
2.1 | % | |
Netherlands |
1.8 | % | |
Canada |
1.7 | % | |
Other Countries |
21.5 | % |
The issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable.
19
ITEM 2. | CONTROLS AND PROCEDURES. |
(a) | Based upon their evaluation of the effectiveness of the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the Act)) as conducted within 90 days of the filing date of this Form N-Q, the registrants principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commissions rules and forms. |
(b) | There were no changes in the registrants internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. |
ITEM 3. | EXHIBITS. |
File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2): Attached hereto.
Notice
A copy of the Amended and Restated Declaration of Trust, as amended, of the Registrant is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that this instrument is executed on behalf of the Registrant by an officer of the Registrant as an officer and not individually and the obligations of or arising out of this instrument are not binding upon any of the Trustees or shareholders individually, but are binding only upon the assets and property of the respective constituent series of the Registrant.
SIGNATURES
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.
Registrant: MFS MULTIMARKET INCOME TRUST
By (Signature and Title)* | MARIA F. DWYER | |
Maria F. Dwyer, President |
Date: September 16, 2010
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.
By (Signature and Title)* | MARIA F. DWYER | |
Maria F. Dwyer, President (Principal Executive Officer) |
Date: September 16, 2010
By (Signature and Title)* | JOHN M. CORCORAN | |
John M. Corcoran, Treasurer (Principal Financial Officer and Accounting Officer) |
Date: September 16, 2010
* | Print name and title of each signing officer under his or her signature. |