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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/23/19 MFS Series Trust X N-Q 2/28/19 2:925K Donnelley … Solutions/FA → MFS Global Opportunistic Bond Fund ⇒ A (MGBAX) — B (MGBBX) — C (MGBDX) — I (MGBJX) — R1 (MGBKX) — R2 (MGBLX) — R3 (MGBMX) — R4 (MGBNX) — R6 (MGBOX) |
Document/Exhibit Description Pages Size 1: N-Q Mfs Series Trust X - Global Bond Fund N-Q HTML 242K 2: EX-99.CERT Certifications HTML 18K
| MFS SERIES TRUST X - GLOBAL BOND FUND N-Q |
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 811-4492
MFS SERIES TRUST X
(Exact name of registrant as specified in charter)
111 Huntington Avenue, Boston, Massachusetts 02199
(Address of principal executive offices) (Zip code)
Christopher R. Bohane
Massachusetts Financial Services Company
111 Huntington Avenue
(Name and address of agents for service)
Registrant’s telephone number, including area code: (617) 954-5000
Date of fiscal year end: November 30*
Date of reporting period: February 28, 2019
| * | This Form N-Q pertains only to the following series of the Registrant: MFS Global Bond Fund. Each remaining series of the Registrant has a fiscal year end other than November 30th. |
| ITEM 1. | SCHEDULE OF INVESTMENTS. |
| Issuer | Shares/Par | Value ($) | ||
| Bonds – 96.4% | ||||
| Aerospace – 0.3% | ||||
| Huntington Ingalls Industries, Inc., 3.483%, 12/01/2027 | $ | 520,000 | $ 492,336 | |
| TransDigm, Inc., 6.25%, 3/15/2026 (z) | 1,099,000 | 1,123,727 | ||
| $ 1,616,063 | ||||
| Apparel Manufacturers – 0.1% | ||||
| Coach, Inc., 4.125%, 7/15/2027 | $ | 663,000 | $ 616,822 | |
| Asset-Backed & Securitized – 4.7% | ||||
| ALM Loan Funding CLO, 2015-16A, “BR2”, FLR, 4.687% (LIBOR - 3mo. + 1.9%), 7/15/2027 (n) | $ | 3,306,000 | $ 3,259,885 | |
| Chesapeake Funding II LLC, 2016-1A, “A2”, FLR, 3.639% (LIBOR - 1mo. + 1.15%), 3/15/2028 (n) | 416,232 | 416,933 | ||
| Chesapeake Funding II LLC, 2016-2A, “A2”, FLR, 3.489% (LIBOR - 1mo. + 1%), 6/15/2028 (z) | 476,567 | 477,409 | ||
| Commercial Mortgage Trust, 2015-LC21, “A4”, 3.708%, 7/10/2048 | 2,234,604 | 2,281,751 | ||
| Dryden Senior Loan Fund, 2013-26A, “AR”, CLO, FLR, 3.687% (LIBOR - 3mo. + 0.9%), 4/15/2029 (z) | 1,724,000 | 1,706,815 | ||
| Flatiron CLO Ltd., 2013-1A, “A2R”, FLR, 4.423% (LIBOR - 3mo. + 1.65%), 1/17/2026 (n) | 2,503,042 | 2,502,514 | ||
| Ford Credit Auto Owner Trust, 2014-1, “A”, 2.26%, 11/15/2025 (n) | 3,503,000 | 3,499,786 | ||
| Fort Cre LLC, 2018-1A, “A1”, FLR, 3.869% (LIBOR - 1mo. + 1.35%), 11/21/2035 (n) | 919,000 | 918,999 | ||
| HarbourView CLO VII Ltd., 7RA, “B”, FLR, 4.48% (LIBOR - 3mo. + 1.7%), 7/18/2031 (z) | 2,560,000 | 2,517,146 | ||
| Loomis, Sayles & Co., CLO, 2015-2A, “A1R”, FLR, 3.679% (LIBOR - 3mo. + 0.9%), 4/15/2028 (n) | 3,474,000 | 3,442,342 | ||
| Magnetite CLO Ltd., 2012-7A, “A1R2”, FLR, 3.587% (LIBOR - 3mo. + 0.8%), 1/15/2028 (n) | 2,165,000 | 2,127,933 | ||
| Morgan Stanley Bank of America Merrill Lynch Trust, 2015-C21, “A4”, 3.338%, 3/15/2048 | 691,382 | 689,478 | ||
| Octagon Investment Partners XVII Ltd., 2013-1A, “BR2”, FLR, 4.17% (LIBOR - 3mo. + 1.4%), 1/25/2031 (n) | 3,084,000 | 3,016,272 | ||
| Wells Fargo Commercial Mortgage Trust, 2015-NXS1, “A5”, 3.148%, 5/15/2048 | 1,532,563 | 1,518,305 | ||
| $ 28,375,568 | ||||
| Automotive – 1.3% | ||||
| FCA Bank S.p.A., 1%, 2/21/2022 | EUR | 450,000 | $ 510,567 | |
| Ferrari N.V., 1.5%, 3/16/2023 | 1,450,000 | 1,662,094 | ||
| General Motors Co., 5.2%, 4/01/2045 | $ | 808,000 | 703,992 | |
| General Motors Financial Co., Inc., 3.45%, 4/10/2022 | 758,000 | 752,745 | ||
| General Motors Financial Co., Inc., 4.35%, 1/17/2027 | 410,000 | 388,914 | ||
| Lear Corp., 5.25%, 1/15/2025 | 1,971,000 | 2,023,774 | ||
| Volkswagen International Finance N.V., 1.875%, 3/30/2027 | EUR | 500,000 | 549,275 | |
| ZF North America Capital, Inc., 4.75%, 4/29/2025 (n) | $ | 1,258,000 | 1,227,043 | |
| $ 7,818,404 | ||||
| Banks & Diversified Financials (Covered Bonds) – 0.2% | ||||
| BPER Banca, 5.125% to 5/31/2022 FLR (EUR Swap Rate - 5yr. + 4.91%) to 5/31/2027 | EUR | 1,300,000 | $ 1,471,292 | |
| Broadcasting – 0.5% | ||||
| Fox Corp., 4.709%, 1/25/2029 (n) | $ | 206,000 | $ 213,742 | |
| SES S.A., 5.625%, 12/29/2049 | EUR | 500,000 | 605,692 | |
| WPP Finance, 3.75%, 9/19/2024 | $ | 583,000 | 561,404 | |
| WPP Finance, 1.375%, 3/20/2025 | EUR | 550,000 | 617,879 | |
| WPP Finance 2013, 2.875%, 9/14/2046 | GBP | 800,000 | 822,893 | |
| $ 2,821,610 | ||||
| Brokerage & Asset Managers – 0.5% | ||||
| E*TRADE Financial Corp., 2.95%, 8/24/2022 | $ | 645,000 | $ 632,246 | |
| Euroclear Investments S.A., 2.625% to 4/11/2028, FLR (EUR Swap Rate - 5yr. + 1.659%) to 4/11/2048 | EUR | 600,000 | 677,181 | |
| Intercontinental Exchange, Inc., 2.75%, 12/01/2020 | $ | 604,000 | 601,829 | |
| Intercontinental Exchange, Inc., 3.75%, 12/01/2025 | 993,000 | 1,015,575 | ||
| $ 2,926,831 | ||||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Building – 0.6% | ||||
| CRH America Finance, Inc., 4.5%, 4/04/2048 (n) | $ | 783,000 | $ 682,241 | |
| Martin Marietta Materials, Inc., 3.45%, 6/01/2027 | 447,000 | 416,047 | ||
| Martin Marietta Materials, Inc., 3.5%, 12/15/2027 | 630,000 | 584,570 | ||
| Masco Corp., 4.45%, 4/01/2025 | 355,000 | 359,833 | ||
| Masco Corp., 4.375%, 4/01/2026 | 1,580,000 | 1,568,222 | ||
| $ 3,610,913 | ||||
| Business Services – 0.8% | ||||
| Cisco Systems, Inc., 2.2%, 2/28/2021 | $ | 1,278,000 | $ 1,265,294 | |
| Equinix, Inc., 5.75%, 1/01/2025 | 894,000 | 930,878 | ||
| Equinix, Inc., 2.875%, 2/01/2026 | EUR | 1,000,000 | 1,160,167 | |
| Fidelity National Information Services, Inc., 3.875%, 6/05/2024 | $ | 435,000 | 436,552 | |
| Fidelity National Information Services, Inc., 5%, 10/15/2025 | 126,000 | 132,761 | ||
| Fidelity National Information Services, Inc., 3%, 8/15/2026 | 1,086,000 | 1,012,741 | ||
| $ 4,938,393 | ||||
| Cable TV – 0.8% | ||||
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.384%, 10/23/2035 | $ | 706,000 | $ 755,844 | |
| Shaw Communications, 5.65%, 10/01/2019 | CAD | 769,000 | 594,846 | |
| Sirius XM Radio, Inc., 5.375%, 7/15/2026 (n) | $ | 837,000 | 839,092 | |
| Sky PLC, 2.5%, 9/15/2026 | EUR | 1,050,000 | 1,291,248 | |
| Time Warner Cable, Inc., 4.5%, 9/15/2042 | $ | 356,000 | 299,004 | |
| VTR Finance B.V., 6.875%, 1/15/2024 (n) | 1,328,000 | 1,364,520 | ||
| $ 5,144,554 | ||||
| Chemicals – 0.6% | ||||
| Air Liquide Finance Co., 2.25%, 9/27/2023 (n) | $ | 1,053,000 | $ 1,006,356 | |
| Sasol Chemicals (USA) LLC, 5.875%, 3/27/2024 | 814,000 | 844,119 | ||
| Sasol Financing USA LLC, 6.5%, 9/27/2028 | 1,948,000 | 2,049,035 | ||
| $ 3,899,510 | ||||
| Computer Software – 0.6% | ||||
| Microsoft Corp., 4.1%, 2/06/2037 | $ | 1,823,000 | $ 1,906,672 | |
| Ubisoft Entertainment S.A., 1.289%, 1/30/2023 | EUR | 900,000 | 1,016,292 | |
| VeriSign, Inc., 4.75%, 7/15/2027 | $ | 693,000 | 684,338 | |
| $ 3,607,302 | ||||
| Computer Software - Systems – 0.5% | ||||
| Apple, Inc., 4.5%, 2/23/2036 | $ | 2,300,000 | $ 2,475,035 | |
| Apple, Inc., 3.6%, 7/31/2042 | GBP | 300,000 | 460,446 | |
| Apple, Inc., 4.25%, 2/09/2047 | $ | 276,000 | 282,248 | |
| $ 3,217,729 | ||||
| Conglomerates – 0.7% | ||||
| Colfax Corp., 3.25%, 5/15/2025 | EUR | 500,000 | $ 570,505 | |
| General Electric Co., 4.5%, 3/11/2044 | $ | 361,000 | 322,143 | |
| Roper Technologies, Inc., 4.2%, 9/15/2028 | 581,000 | 584,556 | ||
| Thyssenkrupp AG, 1.375%, 3/03/2022 | EUR | 1,145,000 | 1,278,026 | |
| United Technologies Corp., 4.625%, 11/16/2048 | $ | 784,000 | 789,804 | |
| Wabtec Corp., 4.7%, 9/15/2028 | 628,000 | 619,782 | ||
| $ 4,164,816 | ||||
| Consumer Products – 0.7% | ||||
| Coty, Inc., 4%, 4/15/2023 (z) | EUR | 400,000 | $ 448,610 | |
| JAB Holdings B.V., 2%, 5/18/2028 | 1,000,000 | 1,123,143 | ||
| JAB Holdings B.V., 2.5%, 6/25/2029 | 500,000 | 575,203 | ||
| Reckitt Benckiser Treasury Services PLC, 3%, 6/26/2027 (n) | $ | 467,000 | 439,359 | |
| Whirlpool Corp., 4.75%, 2/26/2029 | 1,484,000 | 1,484,893 | ||
| $ 4,071,208 | ||||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Consumer Services – 1.2% | ||||
| Experian Finance PLC, 4.25%, 2/01/2029 (n) | $ | 1,309,000 | $ 1,315,433 | |
| G4S International Finance PLC, 1.5%, 1/09/2023 | EUR | 750,000 | 852,816 | |
| IHS Markit Ltd., 4%, 3/01/2026 (n) | $ | 320,000 | 310,659 | |
| ManpowerGroup, Inc., 1.75%, 6/22/2026 | EUR | 800,000 | 923,987 | |
| Priceline Group, Inc., 1.8%, 3/03/2027 | 850,000 | 993,890 | ||
| Priceline Group, Inc., 3.55%, 3/15/2028 | $ | 461,000 | 444,101 | |
| Toll Road Investors Partnership II LP, Capital Appreciation, 0%, 2/15/2027 (n) | 1,754,000 | 1,139,908 | ||
| Visa, Inc., 4.3%, 12/14/2045 | 1,126,000 | 1,181,523 | ||
| $ 7,162,317 | ||||
| Containers – 0.1% | ||||
| Ball Corp., 5.25%, 7/01/2025 | $ | 455,000 | $ 477,750 | |
| Electrical Equipment – 0.0% | ||||
| Arrow Electronics, Inc., 3.5%, 4/01/2022 | $ | 285,000 | $ 281,297 | |
| Electronics – 0.2% | ||||
| ASML Holding N.V., 1.375%, 7/07/2026 | EUR | 700,000 | $ 815,196 | |
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.875%, 1/15/2027 | $ | 610,000 | 564,559 | |
| $ 1,379,755 | ||||
| Emerging Market Quasi-Sovereign – 2.3% | ||||
| Corporacion Financiera de Desarrollo S.A., 4.75%, 7/15/2025 (n) | $ | 3,108,000 | $ 3,201,271 | |
| Petrobras Global Finance B.V., 5.999%, 1/27/2028 | 2,000,000 | 2,029,000 | ||
| Petroleos Mexicanos, 1.875%, 4/21/2022 | EUR | 750,000 | 829,576 | |
| Petroleos Mexicanos, 6.5%, 1/23/2029 | $ | 2,151,000 | 2,046,462 | |
| PT Pertamina Persero, 6%, 5/03/2042 (n) | 1,600,000 | 1,687,034 | ||
| PT Perusahaan Listrik Negara, 2.875%, 10/25/2025 (n) | EUR | 900,000 | 1,063,668 | |
| Southern Gas Corridor CJSC, 6.875%, 3/24/2026 | $ | 1,420,000 | 1,580,812 | |
| State Grid Overseas Investment (2016) Ltd., 3.5%, 5/04/2027 | 1,523,000 | 1,479,365 | ||
| $ 13,917,188 | ||||
| Emerging Market Sovereign – 6.3% | ||||
| Dominican Republic, 5.95%, 1/25/2027 | $ | 1,475,000 | $ 1,528,837 | |
| Hellenic Republic, 3.45%, 4/02/2024 (z) | EUR | 3,840,000 | 4,491,727 | |
| Hellenic Republic, 3.375%, 2/15/2025 | 9,860,000 | 11,305,349 | ||
| Oriental Republic of Uruguay, 4.375%, 1/23/2031 | $ | 2,984,000 | 3,042,188 | |
| Republic of Argentina, 5.625%, 1/26/2022 | 1,500,000 | 1,345,500 | ||
| Republic of Argentina, 7.5%, 4/22/2026 | 3,265,000 | 2,842,215 | ||
| Republic of Hungary, 5.375%, 2/21/2023 | 1,600,000 | 1,711,968 | ||
| Republic of Indonesia, 8.25%, 5/15/2029 | IDR | 66,654,000,000 | 4,890,961 | |
| Republic of Indonesia, 8.375%, 3/15/2034 | 41,130,000,000 | 2,986,452 | ||
| Republic of Paraguay, 6.1%, 8/11/2044 (n) | $ | 1,460,000 | 1,601,591 | |
| Republic of Turkey, 7.25%, 12/23/2023 | 1,500,000 | 1,563,615 | ||
| United Mexican States, 4.6%, 2/10/2048 | 668,000 | 620,906 | ||
| $ 37,931,309 | ||||
| Energy - Independent – 0.5% | ||||
| Diamondback Energy, Inc., 5.375%, 5/31/2025 | $ | 1,257,000 | $ 1,300,995 | |
| Tengizchevroil Finance Co. International Ltd., 4%, 8/15/2026 (n) | 1,700,000 | 1,637,182 | ||
| $ 2,938,177 | ||||
| Energy - Integrated – 0.5% | ||||
| BP Capital Markets America, Inc., 3.41%, 2/11/2026 | $ | 2,188,000 | $ 2,185,694 | |
| Eni S.p.A., 4%, 9/12/2023 (n) | 569,000 | 575,381 | ||
| $ 2,761,075 | ||||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Financial Institutions – 1.3% | ||||
| AerCap Ireland Capital Ltd., 4.625%, 10/30/2020 | $ | 150,000 | $ 152,435 | |
| AerCap Ireland Capital Ltd., 3.65%, 7/21/2027 | 1,299,000 | 1,171,746 | ||
| Arrow Global Finance PLC, 5.125%, 9/15/2024 | GBP | 550,000 | 696,665 | |
| Avolon Holdings Funding Ltd., 5.125%, 10/01/2023 | $ | 850,000 | 858,500 | |
| Avolon Holdings Funding Ltd., 5.25%, 5/15/2024 (z) | 1,085,000 | 1,112,125 | ||
| Cabot Financial (Luxembourg) S.A. , 7.5%, 10/01/2023 | GBP | 600,000 | 767,492 | |
| EXOR N.V., 1.75%, 1/18/2028 | EUR | 750,000 | 817,332 | |
| GE Capital International Funding Co., 3.373%, 11/15/2025 | $ | 1,728,000 | 1,662,864 | |
| Intertrust Group B.V., 3.375%, 11/15/2025 | EUR | 750,000 | 871,395 | |
| $ 8,110,554 | ||||
| Food & Beverages – 1.7% | ||||
| Anheuser-Busch InBev N.V., 1.5%, 4/18/2030 | EUR | 650,000 | $ 722,428 | |
| Anheuser-Busch InBev Worldwide, Inc., 3.3%, 2/01/2023 | $ | 1,879,000 | 1,890,027 | |
| Anheuser-Busch InBev Worldwide, Inc., 4.375%, 4/15/2038 | 362,000 | 331,845 | ||
| Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049 | 510,000 | 535,835 | ||
| Constellation Brands, Inc., 4.25%, 5/01/2023 | 1,910,000 | 1,967,946 | ||
| Constellation Brands, Inc., 4.75%, 12/01/2025 | 667,000 | 693,352 | ||
| JBS USA LLC/JBS USA Finance, Inc., 6.75%, 2/15/2028 (n) | 1,171,000 | 1,210,521 | ||
| Kraft Heinz Foods Co., 5.2%, 7/15/2045 | 116,000 | 107,922 | ||
| Kraft Heinz Foods Co., 4.375%, 6/01/2046 | 495,000 | 410,531 | ||
| Marfrig Holdings (Europe) B.V., 8%, 6/08/2023 (n) | 627,000 | 650,958 | ||
| PepsiCo, Inc., 3.1%, 7/17/2022 | 1,888,000 | 1,908,113 | ||
| $ 10,429,478 | ||||
| Gaming & Lodging – 0.2% | ||||
| GLP Capital LP/GLP Financing II, Inc., 5.75%, 6/01/2028 | $ | 1,130,000 | $ 1,172,646 | |
| Health Maintenance Organizations – 0.1% | ||||
| Halfmoon Parent, Inc., 4.125%, 11/15/2025 (n) | $ | 901,000 | $ 915,260 | |
| Industrial – 0.3% | ||||
| Investor AB, 1.5%, 9/12/2030 | EUR | 700,000 | $ 813,757 | |
| KAEFER Isoliertechnik GmbH & Co., 5.5%, 1/10/2024 (n) | 1,050,000 | 1,218,297 | ||
| $ 2,032,054 | ||||
| Insurance – 0.5% | ||||
| American International Group, Inc., 1.875%, 6/21/2027 | EUR | 680,000 | $ 765,163 | |
| Argentum Netherlands BV for Zurich Insurance Co. Ltd., 3.5% to 10/01/2026, FLR (EURIBOR - 3mo. + 3.95%) to 10/01/2046 | 900,000 | 1,116,555 | ||
| Unum Group, 4%, 3/15/2024 | $ | 1,000,000 | 1,001,328 | |
| $ 2,883,046 | ||||
| Insurance - Health – 0.6% | ||||
| Aetna, Inc., 2.8%, 6/15/2023 | $ | 1,038,000 | $ 1,010,523 | |
| Centene Corp., 5.375%, 6/01/2026 (n) | 651,000 | 675,413 | ||
| UnitedHealth Group, Inc., 4.625%, 7/15/2035 | 1,919,000 | 2,085,845 | ||
| $ 3,771,781 | ||||
| Insurance - Property & Casualty – 1.2% | ||||
| Berkshire Hathaway, Inc., 2.75%, 3/15/2023 | $ | 738,000 | $ 736,238 | |
| Chubb INA Holdings, Inc., 2.3%, 11/03/2020 | 318,000 | 314,916 | ||
| Chubb INA Holdings, Inc., 2.875%, 11/03/2022 | 740,000 | 741,841 | ||
| Chubb INA Holdings, Inc., 1.55%, 3/15/2028 | EUR | 204,000 | 235,861 | |
| Chubb INA Holdings, Inc., 2.5%, 3/15/2038 | 351,000 | 406,027 | ||
| CNA Financial Corp., 5.875%, 8/15/2020 | $ | 1,000,000 | 1,036,726 | |
| Hiscox Ltd., 6.125% to 11/24/2025, FLR (GBP LIBOR - 3mo. + 5.076%) to 11/24/2045 | GBP | 600,000 | 859,623 | |
| Marsh & McLennan Cos., Inc., 3.5%, 6/03/2024 | $ | 1,000,000 | 1,004,417 | |
| Marsh & McLennan Cos., Inc., 4.35%, 1/30/2047 | 414,000 | 405,327 | ||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Insurance - Property & Casualty – continued | ||||
| QBE Capital Funding IV LP, 7.5% to 5/24/2021, FLR (GBP Swap Rate - 10yr. + 4.003%) to 5/24/2041 | GBP | 450,000 | $ 637,295 | |
| XLIT Ltd., 3.25% to 6/29/2027, FLR (EURIBOR - 3mo. + 2.9%) to 6/29/2047 | EUR | 830,000 | 970,469 | |
| $ 7,348,740 | ||||
| International Market Quasi-Sovereign – 1.1% | ||||
| BNG Bank N.V., 0.75%, 1/11/2028 | EUR | 3,117,000 | $ 3,593,685 | |
| Islandsbanki, 1.125%, 1/19/2024 | 950,000 | 1,047,469 | ||
| KFW Government Development Banks, 1.125%, 6/15/2037 | 1,560,000 | 1,786,452 | ||
| $ 6,427,606 | ||||
| International Market Sovereign – 23.2% | ||||
| Commonwealth of Australia, 2.75%, 11/21/2027 | AUD | 7,110,000 | $ 5,321,460 | |
| Commonwealth of Australia, 2.75%, 6/21/2035 | 6,350,000 | 4,732,595 | ||
| Federal Republic of Germany, 2.5%, 7/04/2044 | EUR | 3,852,000 | 6,158,988 | |
| Federal Republic of Germany, 2.5%, 8/15/2046 | 2,556,000 | 4,146,231 | ||
| Government of Canada, 1.5%, 6/01/2026 | CAD | 11,523,000 | 8,517,975 | |
| Government of Canada, 5%, 6/01/2037 | 5,500,000 | 5,971,990 | ||
| Government of Canada, Inflation Linked Bond, 4.25%, 12/01/2026 | 4,375,123 | 4,310,358 | ||
| Government of Japan, 1.7%, 9/20/2032 | JPY | 519,150,000 | 5,620,597 | |
| Government of Japan, 2.4%, 3/20/2037 | 701,550,000 | 8,541,772 | ||
| Government of Japan, 0.5%, 6/20/2038 | 2,491,200,000 | 22,737,829 | ||
| Kingdom of Belgium, 1.6%, 6/22/2047 | EUR | 2,350,000 | 2,660,220 | |
| Kingdom of Norway, 2%, 4/26/2028 | NOK | 60,460,000 | 7,222,005 | |
| Kingdom of Spain, 2.75%, 10/31/2024 | EUR | 3,050,000 | 3,914,726 | |
| Kingdom of Spain, 5.15%, 10/31/2028 | 10,452,000 | 16,181,610 | ||
| Kingdom of Spain, 5.15%, 10/31/2044 | 1,010,000 | 1,788,430 | ||
| Republic of Italy, 2%, 2/01/2028 | 171,000 | 185,970 | ||
| Republic of Italy, 1.65%, 3/01/2032 | 5,691,000 | 5,545,329 | ||
| Republic of Italy, 4%, 2/01/2037 | 2,340,000 | 2,883,123 | ||
| Republic of Portugal, 2.125%, 10/17/2028 | 12,347,000 | 15,047,489 | ||
| Republic of Portugal, 4.1%, 4/15/2037 | 1,130,000 | 1,642,393 | ||
| United Kingdom Treasury, 3.25%, 1/22/2044 | GBP | 1,414,000 | 2,403,371 | |
| United Kingdom Treasury, 3.75%, 7/22/2052 | 1,897,000 | 3,771,167 | ||
| United Kingdom Treasury, 4%, 1/22/2060 | 398,000 | 880,331 | ||
| $ 140,185,959 | ||||
| Local Authorities – 0.3% | ||||
| Province of Alberta, 4.5%, 12/01/2040 | CAD | 760,000 | $ 704,886 | |
| Province of British Columbia, 2.3%, 6/18/2026 | 1,100,000 | 826,779 | ||
| $ 1,531,665 | ||||
| Major Banks – 4.8% | ||||
| Bank of America Corp., 2.625%, 4/19/2021 | $ | 2,537,000 | $ 2,520,459 | |
| Bank of America Corp., 3.248%, 10/21/2027 | 3,164,000 | 3,030,611 | ||
| Bank of New York Mellon Corp., 3.442%, 2/07/2028 | 1,341,000 | 1,338,282 | ||
| Bankia S.A., 6% to 7/18/2022, FLR (EUR Swap Rate - 5yr. + 5.819%) to 7/18/2065 | EUR | 1,000,000 | 1,117,030 | |
| Barclays Bank PLC, 6%, 1/14/2021 | 850,000 | 1,052,792 | ||
| Credit Suisse Group AG, 1.25% to 7/17/2024, FLR (EUR Swap Rate - 1yr. + 0.75%) to 7/17/2025 | 800,000 | 906,711 | ||
| Goldman Sachs Group, Inc., 4%, 3/03/2024 | $ | 2,000,000 | 2,029,984 | |
| HSBC Holdings PLC, 4.375%, 11/23/2026 | 893,000 | 898,674 | ||
| JPMorgan Chase & Co., 2.95%, 10/01/2026 | 2,405,000 | 2,294,649 | ||
| JPMorgan Chase & Co., 3.54%, 5/01/2028 | 1,095,000 | 1,076,133 | ||
| Morgan Stanley, 2.5%, 4/21/2021 | 749,000 | 739,807 | ||
| Morgan Stanley, 5.5%, 7/28/2021 | 484,000 | 509,966 | ||
| Morgan Stanley, 3.95%, 4/23/2027 | 1,850,000 | 1,808,049 | ||
| Nationwide Building Society, 1.5%, 3/08/2026 | EUR | 400,000 | 450,678 | |
| PNC Bank N.A., 2.6%, 7/21/2020 | $ | 2,435,000 | 2,425,591 | |
| Royal Bank of Scotland Group PLC, 3.875%, 9/12/2023 | 798,000 | 791,312 | ||
| Sumitomo Mitsui Financial Group, Inc., 3.544%, 1/17/2028 | 1,743,000 | 1,730,006 | ||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Major Banks – continued | ||||
| UBS Group Funding (Jersey) Ltd., 1.5%, 11/30/2024 | EUR | 700,000 | $ 811,394 | |
| UBS Group Funding (Switzerland) AG, 2.859% to 8/15/2022, FLR (LIBOR - 3mo. + 0.954%) to 8/15/2023 (n) | $ | 1,000,000 | 978,093 | |
| UBS Group Funding (Switzerland) AG, 7% to 1/31/2024, FLR (Swap Rate - 5yr. + 4.34%) to 7/28/2060 (n) | 1,757,000 | 1,769,299 | ||
| Wells Fargo & Co., 4.15%, 1/24/2029 | 830,000 | 848,951 | ||
| $ 29,128,471 | ||||
| Medical & Health Technology & Services – 1.0% | ||||
| Becton, Dickinson and Co., 1.401%, 5/24/2023 | EUR | 1,100,000 | $ 1,270,998 | |
| Becton, Dickinson and Co., 3.734%, 12/15/2024 | $ | 462,000 | 462,373 | |
| Becton, Dickinson and Co., 4.685%, 12/15/2044 | 258,000 | 252,594 | ||
| HCA, Inc., 5.25%, 6/15/2026 | 554,000 | 584,291 | ||
| Laboratory Corp. of America Holdings, 4.7%, 2/01/2045 | 1,026,000 | 962,824 | ||
| Northwell Healthcare, Inc., 4.26%, 11/01/2047 | 931,000 | 891,771 | ||
| Thermo Fisher Scientific, Inc., 3.2%, 8/15/2027 | 1,791,000 | 1,700,470 | ||
| $ 6,125,321 | ||||
| Medical Equipment – 0.2% | ||||
| Abbott Laboratories, 4.9%, 11/30/2046 | $ | 1,021,000 | $ 1,116,102 | |
| Teleflex, Inc., 4.625%, 11/15/2027 | 110,000 | 109,183 | ||
| $ 1,225,285 | ||||
| Metals & Mining – 0.4% | ||||
| Cameco Corp., 5.67%, 9/02/2019 | CAD | 775,000 | $ 596,879 | |
| Steel Dynamics, Inc., 5%, 12/15/2026 | $ | 1,171,000 | 1,191,492 | |
| Vale S.A., 3.75%, 1/10/2023 | EUR | 600,000 | 714,864 | |
| $ 2,503,235 | ||||
| Midstream – 1.2% | ||||
| APT Pipelines Ltd., 5%, 3/23/2035 (n) | $ | 799,000 | $ 791,116 | |
| MPLX LP, 4.5%, 4/15/2038 | 644,000 | 593,425 | ||
| ONEOK, Inc., 4.95%, 7/13/2047 | 1,794,000 | 1,727,639 | ||
| Sabine Pass Liquefaction LLC, 5%, 3/15/2027 | 1,250,000 | 1,298,452 | ||
| Sabine Pass Liquefaction LLC, 4.2%, 3/15/2028 | 792,000 | 781,711 | ||
| Tallgrass Energy LP, 4.75%, 10/01/2023 (n) | 1,138,000 | 1,135,155 | ||
| Targa Resources Partners LP/Targa Resources Finance Corp., 6.875%, 1/15/2029 (n) | 840,000 | 894,075 | ||
| $ 7,221,573 | ||||
| Mortgage-Backed – 5.1% | ||||
| Fannie Mae, 4.26%, 12/01/2019 | $ | 170,489 | $ 172,800 | |
| Fannie Mae, 3.99%, 7/01/2021 | 241,102 | 247,207 | ||
| Fannie Mae, 2.77%, 3/01/2022 | 345,893 | 345,373 | ||
| Fannie Mae, 5%, 8/01/2040 | 756,885 | 810,412 | ||
| Fannie Mae, 4%, 9/01/2040 - 2/01/2045 | 6,744,146 | 6,937,249 | ||
| Fannie Mae, 4.5%, 2/01/2041 - 2/01/2046 | 8,322,283 | 8,744,495 | ||
| Fannie Mae, 3.5%, 9/01/2045 | 1,863,052 | 1,871,726 | ||
| Freddie Mac, 3.32%, 2/25/2023 | 12,000 | 12,226 | ||
| Freddie Mac, 2.673%, 3/25/2026 | 2,389,000 | 2,330,846 | ||
| Freddie Mac, 0.204%, 9/25/2026 (i) | 62,189,000 | 1,017,798 | ||
| Freddie Mac, 3.35%, 1/25/2028 | 2,272,000 | 2,292,155 | ||
| Freddie Mac, 0.291%, 2/25/2028 (i) | 46,151,000 | 1,220,463 | ||
| Freddie Mac, 0.105%, 4/25/2028 (i) | 46,683,000 | 587,706 | ||
| Freddie Mac, 0.109%, 5/25/2028 (i) | 47,225,000 | 617,231 | ||
| Freddie Mac, 4.5%, 12/01/2039 - 5/01/2042 | 1,911,623 | 2,010,785 | ||
| Freddie Mac, 5%, 7/01/2041 | 1,262,049 | 1,352,990 | ||
| Freddie Mac, 4%, 4/01/2044 | 96,192 | 98,474 | ||
| $ 30,669,936 | ||||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Municipals – 0.2% | ||||
| Commonwealth of Puerto Rico, Public Improvement, “C-7”, 6%, 7/01/2027 | $ | 90,000 | $ 91,936 | |
| Oklahoma Development Finance Authority, Health System Rev. (OU Medicine Project), “C”, 5.45%, 8/15/2028 | 1,017,000 | 1,077,288 | ||
| $ 1,169,224 | ||||
| Natural Gas - Distribution – 0.4% | ||||
| Boston Gas Co., 3.15%, 8/01/2027 (n) | $ | 827,000 | $ 790,149 | |
| GNL Quintero S.A., 4.634%, 7/31/2029 (n) | 1,600,000 | 1,618,000 | ||
| $ 2,408,149 | ||||
| Network & Telecom – 0.7% | ||||
| AT&T, Inc., 4.75%, 5/15/2046 | $ | 651,000 | $ 604,386 | |
| British Telecommunications PLC, 3.125%, 11/21/2031 | GBP | 650,000 | 847,599 | |
| Empresa Nacional de Telecomunicaciones S.A., 4.75%, 8/01/2026 (n) | $ | 1,600,000 | 1,586,104 | |
| Telecom Italia S.p.A./Milano, 3%, 9/30/2025 | EUR | 950,000 | 1,043,168 | |
| $ 4,081,257 | ||||
| Oils – 0.4% | ||||
| Neste Oyj, 1.5%, 6/07/2024 | EUR | 900,000 | $ 1,038,335 | |
| Phillips 66, 4.875%, 11/15/2044 | $ | 1,179,000 | 1,228,190 | |
| $ 2,266,525 | ||||
| Other Banks & Diversified Financials – 1.7% | ||||
| AIB Group PLC, 1.5%, 3/29/2023 | EUR | 950,000 | $ 1,080,429 | |
| Belfius Bank S.A., 3.125%, 5/11/2026 | 600,000 | 721,679 | ||
| BPCE S.A., 5.25%, 4/16/2029 | GBP | 600,000 | 919,993 | |
| Caixa Geral de Depositos, 5.75%, 6/28/2028 | EUR | 900,000 | 1,087,293 | |
| Deutsche Bank AG, 1.875%, 2/28/2020 | GBP | 800,000 | 1,053,701 | |
| Intesa Sanpaolo S.p.A., 5.25%, 1/28/2022 | 350,000 | 488,604 | ||
| Intesa Sanpaolo S.p.A. , 2.125%, 8/30/2023 | EUR | 400,000 | 464,559 | |
| Macquarie Group Ltd., 1.25%, 3/05/2025 | 600,000 | 673,367 | ||
| UBS AG, 5.125%, 5/15/2024 | $ | 1,560,000 | 1,588,470 | |
| UniCredit S.p.A., 1%, 1/18/2023 | EUR | 1,400,000 | 1,520,353 | |
| UniCredito Italiano S.p.A., 6.572%, 1/14/2022 (n) | $ | 677,000 | 693,165 | |
| $ 10,291,613 | ||||
| Pharmaceuticals – 0.8% | ||||
| Bayer Capital Corp. B.V., 1.5%, 6/26/2026 | EUR | 700,000 | $ 800,723 | |
| Celgene Corp., 2.875%, 8/15/2020 | $ | 2,480,000 | 2,471,770 | |
| Takeda Pharmaceutical Co. Ltd., 1.125%, 11/21/2022 (z) | EUR | 820,000 | 944,048 | |
| Takeda Pharmaceutical Co. Ltd., 2.25%, 11/21/2026 (z) | 750,000 | 887,789 | ||
| $ 5,104,330 | ||||
| Pollution Control – 0.2% | ||||
| Republic Services, Inc., 3.95%, 5/15/2028 | $ | 951,000 | $ 974,038 | |
| Real Estate - Apartment – 0.2% | ||||
| Grand City Properties S.A., 3.75% to 2/18/2022, FLR (EUR Swap Rate-5yr. + 3.888%) to 2/18/2027, (EUR Swap Rate-5yr. + 4.138%) to 2/18/2042, (EUR Swap Rate-5yr. + 4.888%) to 12/31/2049 | EUR | 900,000 | $ 1,046,738 | |
| Real Estate - Office – 0.3% | ||||
| Merlin Properties SOCIMI S.A., REIT, 2.225%, 4/25/2023 | EUR | 1,000,000 | $ 1,181,871 | |
| Merlin Properties SOCIMI S.A., REIT, 1.875%, 11/02/2026 | 550,000 | 615,097 | ||
| $ 1,796,968 | ||||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Retailers – 0.9% | ||||
| Best Buy Co., Inc., 5.5%, 3/15/2021 | $ | 2,182,000 | $ 2,268,408 | |
| Best Buy Co., Inc., 4.45%, 10/01/2028 | 984,000 | 952,400 | ||
| Home Depot, Inc., 3.35%, 9/15/2025 | 2,338,000 | 2,371,380 | ||
| $ 5,592,188 | ||||
| Specialty Chemicals – 0.1% | ||||
| Ecolab, Inc., 4.35%, 12/08/2021 | $ | 816,000 | $ 845,579 | |
| Specialty Stores – 0.3% | ||||
| Rallye S.A., 4.25%, 3/11/2019 | EUR | 800,000 | $ 905,410 | |
| Richemont International S.A., 1.5%, 3/26/2030 | 900,000 | 1,050,397 | ||
| $ 1,955,807 | ||||
| Supermarkets – 0.1% | ||||
| Esselunga S.p.A., 0.875%, 10/25/2023 | EUR | 130,000 | $ 143,110 | |
| Loblaw Cos. Ltd., 4.86%, 9/12/2023 | CAD | 776,000 | 632,163 | |
| $ 775,273 | ||||
| Supranational – 1.3% | ||||
| European Stability Mechanism, 0.75%, 3/15/2027 | EUR | 5,370,000 | $ 6,282,004 | |
| International Bank for Reconstruction and Development, 2.8%, 1/13/2021 | AUD | 620,000 | 445,780 | |
| International Bank for Reconstruction and Development, 4.25%, 6/24/2025 | 590,000 | 464,009 | ||
| International Finance Corp., 3.25%, 7/22/2019 | 855,000 | 609,405 | ||
| $ 7,801,198 | ||||
| Telecommunications - Wireless – 0.3% | ||||
| American Tower Corp., REIT, 5%, 2/15/2024 | $ | 1,500,000 | $ 1,592,874 | |
| Crown Castle International Corp., 3.7%, 6/15/2026 | 508,000 | 495,478 | ||
| $ 2,088,352 | ||||
| Telephone Services – 0.1% | ||||
| TELUS Corp., 5.05%, 7/23/2020 | CAD | 785,000 | $ 617,197 | |
| Tobacco – 0.2% | ||||
| Altria Group, Inc., 1.7%, 6/15/2025 | EUR | 440,000 | $ 499,127 | |
| Altria Group, Inc., 3.125%, 6/15/2031 | 370,000 | 420,028 | ||
| Reynolds American, Inc., 4%, 6/12/2022 | $ | 391,000 | 395,862 | |
| $ 1,315,017 | ||||
| Transportation - Services – 0.6% | ||||
| Autostrade per l'Italia S.p.A., 6.25%, 6/09/2022 | GBP | 525,000 | $ 758,547 | |
| Compagnie Financiere et Industrielle des Autoroutes S.A., 0.75%, 9/09/2028 | EUR | 700,000 | 764,481 | |
| Heathrow Funding Ltd., 1.875%, 7/12/2032 | 600,000 | 687,973 | ||
| Heathrow Funding Ltd., 4.625%, 10/31/2046 | GBP | 275,000 | 454,830 | |
| Transurban Finance Co., 1.75%, 3/29/2028 | EUR | 700,000 | 800,705 | |
| $ 3,466,536 | ||||
| U.S. Government Agencies and Equivalents – 0.1% | ||||
| Small Business Administration, 2.22%, 3/01/2033 | $ | 596,195 | $ 576,061 | |
| U.S. Treasury Obligations – 18.2% | ||||
| U.S. Treasury Bonds, 4.5%, 2/15/2036 | $ | 2,984,000 | $ 3,652,369 | |
| U.S. Treasury Bonds, 3.5%, 2/15/2039 | 1,325,000 | 1,438,764 | ||
| U.S. Treasury Bonds, 4.5%, 8/15/2039 (f) | 2,328,000 | 2,880,991 | ||
| U.S. Treasury Bonds, 3.625%, 2/15/2044 | 11,319,000 | 12,398,284 | ||
| U.S. Treasury Bonds, 3%, 5/15/2047 | 3,139,000 | 3,089,585 | ||
| U.S. Treasury Bonds, TIPS, 0.25%, 1/15/2025 | 12,590,628 | 12,298,606 | ||
| U.S. Treasury Bonds, TIPS, 0.375%, 1/15/2027 | 4,233,003 | 4,117,257 | ||
| U.S. Treasury Notes, 2.125%, 9/30/2024 | 12,000,000 | 11,729,063 | ||
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| U.S. Treasury Obligations – continued | ||||
| U.S. Treasury Notes, 2%, 11/15/2026 | $ | 12,535,000 | $ 11,973,373 | |
| U.S. Treasury Notes, 2.75%, 2/15/2028 (f) | 26,241,000 | 26,353,755 | ||
| U.S. Treasury Notes, 2.875%, 5/15/2028 | 19,695,600 | 19,971,800 | ||
| $ 109,903,847 | ||||
| Utilities - Electric Power – 2.1% | ||||
| Duke Energy Florida LLC, 3.2%, 1/15/2027 | $ | 1,164,000 | $ 1,139,216 | |
| Emera U.S. Finance LP, 2.7%, 6/15/2021 | 321,000 | 315,106 | ||
| Emera U.S. Finance LP, 3.55%, 6/15/2026 | 367,000 | 352,223 | ||
| Enel Finance International N.V., 3.5%, 4/06/2028 (z) | 743,000 | 665,063 | ||
| Enel Finance International N.V., 4.75%, 5/25/2047 (n) | 268,000 | 237,955 | ||
| Enel S.p.A., 8.75% to 9/24/2023, FLR (Swap Rate - 5yr. + 5.880%) to 9/24/2043, FLR (Swap Rate - 5yr. + 6.63%) to 9/24/2073 (n) | 1,000,000 | 1,085,000 | ||
| Enel S.p.A., 6.625% to 9/15/2021, FLR (GBP Swap Rate - 5yr. + 4.089%) to 9/15/26, FLR (GBP Swap Rate - 5yr. + 4.339%) to 9/15/2041, FLR (GBP Swap Rate - 5yr. + 5.089%) to 9/15/2076 | GBP | 390,000 | 552,193 | |
| Engie Energia Chile S.A., 4.5%, 1/29/2025 (n) | $ | 1,920,000 | 1,964,182 | |
| Exelon Corp., 3.497%, 6/01/2022 | 506,000 | 502,746 | ||
| Innogy Finance B.V., 4.75%, 1/31/2034 | GBP | 500,000 | 780,026 | |
| LLPL Capital Pte. Ltd., 6.875%, 2/04/2039 (n) | $ | 655,000 | 673,609 | |
| NextEra Energy Capital Holdings, Inc., 3.55%, 5/01/2027 | 1,252,000 | 1,219,852 | ||
| NextEra Energy Operating Co., 4.5%, 9/15/2027 (n) | 719,000 | 684,847 | ||
| PPL Capital Funding, Inc., 5%, 3/15/2044 | 750,000 | 778,217 | ||
| Virginia Electric & Power Co., 3.5%, 3/15/2027 | 1,624,000 | 1,615,696 | ||
| $ 12,565,931 | ||||
| Total Bonds | $ 583,474,321 | |||
| Investment Companies (h) – 3.0% | ||||
| Money Market Funds – 3.0% | ||||
| MFS Institutional Money Market Portfolio, 2.49% (v) | 18,305,840 | $ 18,305,840 | ||
| Underlying/Expiration Date/Exercise Price | Put/Call | Counterparty | Notional
Amount |
Par
Amount/ Number of Contracts |
|
| Purchased Options – 0.0% | |||||
| Market Index Securities – 0.0% | |||||
| Markit iTraxx Europe Index – April 2019 @ EUR 85 | Put | Merrill Lynch International | $60,236,386 | EUR 51,900,000 | $17,841 |
| Written Options (see table below) – 0.0% | ||||
| (Premiums Received, $34,948) | $ (9,764) | |||
| Other Assets, Less Liabilities – 0.6% | 3,471,598 | |||
| Net Assets – 100.0% | $605,259,836 | |||
| (f) | All or a portion of the security has been segregated as collateral for open futures contracts. |
| (h) | An affiliated issuer, which 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. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $18,305,840 and $583,492,162, respectively. |
| (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 $57,060,342, representing 9.4% of net assets. |
| (v) | Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio 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 | Value |
| Avolon Holdings Funding Ltd., 5.25%, 5/15/2024 | 2/14/19 | $1,085,000 | $1,112,125 |
| Chesapeake Funding II LLC, 2016-2A, “A2”, FLR, 3.489% (LIBOR - 1mo. + 1%), 6/15/2028 | 6/04/16 | 476,567 | 477,409 |
| Coty, Inc., 4%, 4/15/2023 | 3/28/18 | 492,040 | 448,610 |
| Dryden Senior Loan Fund, 2013-26A, “AR”, CLO, FLR, 3.687% (LIBOR - 3mo. + 0.9%), 4/15/2029 | 4/09/18 | 1,724,000 | 1,706,815 |
| Enel Finance International N.V., 3.5%, 4/06/2028 | 10/02/18 | 654,962 | 665,063 |
| HarbourView CLO VII Ltd., 7RA, “B”, FLR, 4.48% (LIBOR - 3mo. + 1.7%), 7/18/2031 | 5/15/18 | 2,560,000 | 2,517,146 |
| Hellenic Republic, 3.45%, 4/02/2024 | 1/29/19 | 4,361,456 | 4,491,727 |
| Takeda Pharmaceutical Co. Ltd., 1.125%, 11/21/2022 | 11/15/18 | 925,984 | 944,048 |
| Takeda Pharmaceutical Co. Ltd., 2.25%, 11/21/2026 | 11/15/18 | 848,839 | 887,789 |
| TransDigm, Inc., 6.25%, 3/15/2026 | 1/30/19 | 1,099,000 | 1,123,727 |
| Total Restricted Securities | $14,374,459 | ||
| % of Net assets | 2.4% |
| The following abbreviations are used in this report and are defined: | |
| CJSC | Closed Joint Stock Company |
| CLO | Collateralized Loan Obligation |
| EURIBOR | Euro Interbank Offered Rate |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported may not be the current rate. All reference rates are USD unless otherwise noted. |
| LIBOR | London Interbank Offered Rate |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
| TIPS | Treasury Inflation Protected Security |
| 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 |
| CHF | Swiss Franc |
| CZK | Czech Koruna |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| IDR | Indonesian Rupiah |
| ILS | Israeli Shekel |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| RUB | Russian Ruble |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| TRY | Turkish Lira |
| ZAR | South African Rand |
| Derivative Contracts at 2/28/19 | |||||||
| Written Options | |||||||
| Underlying | Put/Call | Counterparty | Par
Amount/ Number of Contracts |
Notional
Amount |
Exercise
Price |
Expiration
Date |
Value |
| Liability Derivatives | |||||||
| Market Index Securities | |||||||
| Markit iTraxx Europe Index | Put | Merrill Lynch International | EUR (51,900,000) | $(60,236,386) | EUR 100 | April – 2019 | $(9,764) |
| Forward Foreign Currency Exchange Contracts | ||||||
| Currency
Purchased |
Currency
Sold |
Counterparty | Settlement
Date |
Unrealized
Appreciation (Depreciation) | ||
| Asset Derivatives | ||||||
| CAD | 11,172,188 | USD | 8,434,309 | Citibank N.A. | 4/12/2019 | $63,746 |
| CAD | 12,951,194 | USD | 9,774,855 | JPMorgan Chase Bank N.A. | 4/12/2019 | 76,390 |
| EUR | 1,322,538 | USD | 1,504,389 | Citibank N.A. | 4/12/2019 | 5,072 |
| EUR | 905,417 | USD | 1,026,122 | Deutsche Bank AG | 4/12/2019 | 7,264 |
| EUR | 2,594,702 | USD | 2,953,123 | JPMorgan Chase Bank N.A. | 4/12/2019 | 8,306 |
| EUR | 1,042,838 | USD | 1,180,988 | Morgan Stanley Capital Services, Inc. | 4/12/2019 | 9,241 |
| EUR | 1,226,000 | USD | 1,396,671 | State Street Bank Corp. | 4/12/2019 | 2,609 |
| GBP | 454,000 | USD | 594,443 | Barclays Bank PLC | 4/12/2019 | 8,982 |
| GBP | 5,355,591 | USD | 7,023,569 | Citibank N.A. | 4/12/2019 | 94,712 |
| GBP | 444,371 | USD | 589,951 | Deutsche Bank AG | 4/12/2019 | 676 |
| GBP | 3,413,000 | USD | 4,487,729 | Goldman Sachs International | 4/12/2019 | 48,594 |
| GBP | 3,349,087 | USD | 4,295,271 | JPMorgan Chase Bank N.A. | 4/12/2019 | 156,104 |
| GBP | 544,000 | USD | 703,008 | NatWest Markets PLC | 4/12/2019 | 20,039 |
| GBP | 277,000 | USD | 368,132 | State Street Bank Corp. | 4/12/2019 | 37 |
| GBP | 370,281 | USD | 479,281 | UBS AG | 4/12/2019 | 12,871 |
| IDR | 22,960,080,000 | USD | 1,618,503 | Barclays Bank PLC | 3/29/2019 | 9,551 |
| ILS | 3,267,000 | USD | 890,079 | Barclays Bank PLC | 4/12/2019 | 13,619 |
| MXN | 30,034,401 | USD | 1,533,818 | Citibank N.A. | 4/12/2019 | 14,098 |
| NZD | 4,432,000 | USD | 3,017,584 | JPMorgan Chase Bank N.A. | 4/12/2019 | 3,103 |
| PHP | 246,311,000 | USD | 4,730,564 | Barclays Bank PLC | 4/26/2019 | 11,587 |
| RUB | 57,985,000 | USD | 867,986 | JPMorgan Chase Bank N.A. | 3/06/2019 | 11,148 |
| SGD | 1,705,000 | USD | 1,260,460 | JPMorgan Chase Bank N.A. | 4/12/2019 | 1,454 |
| TRY | 7,800,000 | USD | 1,415,890 | Goldman Sachs International | 4/12/2019 | 12,309 |
| TRY | 8,601,000 | USD | 1,518,002 | JPMorgan Chase Bank N.A. | 4/12/2019 | 56,861 |
| USD | 2,454,899 | AUD | 3,431,338 | Deutsche Bank AG | 4/12/2019 | 19,264 |
| USD | 4,745,583 | AUD | 6,668,770 | JPMorgan Chase Bank N.A. | 4/12/2019 | 11,951 |
| USD | 4,377,142 | CAD | 5,736,732 | JPMorgan Chase Bank N.A. | 4/12/2019 | 13,533 |
| USD | 564,092 | CHF | 550,000 | Barclays Bank PLC | 4/12/2019 | 10,902 |
| USD | 4,038,049 | EUR | 3,520,794 | Citibank N.A. | 4/12/2019 | 19,636 |
| USD | 4,851,719 | EUR | 4,188,438 | Deutsche Bank AG | 4/12/2019 | 71,300 |
| USD | 10,356,672 | EUR | 9,023,699 | JPMorgan Chase Bank N.A. | 4/12/2019 | 57,589 |
| USD | 13,043,404 | EUR | 11,367,290 | NatWest Markets PLC | 4/12/2019 | 69,497 |
| USD | 1,965,175 | EUR | 1,700,000 | State Street Bank Corp. | 4/12/2019 | 24,902 |
| USD | 1,810,700 | JPY | 195,000,000 | Citibank N.A. | 4/12/2019 | 55,554 |
| USD | 189,966 | JPY | 20,565,203 | Goldman Sachs International | 4/12/2019 | 4,864 |
| USD | 2,972,083 | JPY | 322,000,000 | JPMorgan Chase Bank N.A. | 4/12/2019 | 73,843 |
| USD | 558,927 | NOK | 4,752,278 | JPMorgan Chase Bank N.A. | 4/12/2019 | 2,556 |
| USD | 5,949,965 | SEK | 53,138,000 | JPMorgan Chase Bank N.A. | 4/12/2019 | 178,158 |
| USD | 417,118 | SEK | 3,696,000 | UBS AG | 4/12/2019 | 15,662 |
| USD | 3,155,730 | ZAR | 43,947,000 | Deutsche Bank AG | 4/12/2019 | 52,456 |
| $ 1,330,040 | ||||||
| Forward Foreign Currency Exchange Contracts − continued | ||||||
| Currency
Purchased |
Currency
Sold |
Counterparty | Settlement
Date |
Unrealized
Appreciation (Depreciation) | ||
| Liability Derivatives | ||||||
| AUD | 48,495 | USD | 34,506 | JPMorgan Chase Bank N.A. | 4/12/2019 | $(83) |
| CAD | 3,785,000 | USD | 2,883,842 | JPMorgan Chase Bank N.A. | 4/12/2019 | (4,805) |
| CAD | 4,108,000 | USD | 3,130,022 | Merrill Lynch International | 4/12/2019 | (5,297) |
| CHF | 3,899,000 | USD | 4,011,185 | UBS AG | 4/12/2019 | (89,569) |
| CZK | 14,293,000 | USD | 639,292 | Barclays Bank PLC | 4/12/2019 | (4,282) |
| DKK | 9,756,512 | USD | 1,505,255 | NatWest Markets PLC | 4/12/2019 | (12,398) |
| EUR | 1,247,321 | USD | 1,425,873 | Brown Brothers Harriman | 4/12/2019 | (2,259) |
| EUR | 8,430,415 | USD | 9,689,150 | Citibank N.A. | 4/12/2019 | (67,207) |
| EUR | 1,443,247 | USD | 1,660,721 | Deutsche Bank AG | 4/12/2019 | (13,490) |
| EUR | 3,720,277 | USD | 4,304,237 | Goldman Sachs International | 4/12/2019 | (58,148) |
| EUR | 13,065,298 | USD | 14,964,779 | JPMorgan Chase Bank N.A. | 4/12/2019 | (52,872) |
| EUR | 539,709 | USD | 619,565 | NatWest Markets PLC | 4/12/2019 | (3,575) |
| JPY | 87,056,000 | USD | 789,218 | Brown Brothers Harriman | 4/12/2019 | (5,649) |
| JPY | 301,110,380 | USD | 2,796,057 | Citibank N.A. | 4/12/2019 | (85,839) |
| JPY | 105,876,000 | USD | 968,107 | Goldman Sachs International | 4/12/2019 | (15,144) |
| JPY | 7,746,252,664 | USD | 71,690,044 | Morgan Stanley Capital Services, Inc. | 4/12/2019 | (1,967,992) |
| KRW | 8,541,410,000 | USD | 7,645,030 | JPMorgan Chase Bank N.A. | 3/11/2019 | (49,087) |
| NOK | 27,000,000 | USD | 3,214,807 | Citibank N.A. | 4/12/2019 | (53,794) |
| NOK | 22,000,000 | USD | 2,592,718 | Goldman Sachs International | 4/12/2019 | (17,077) |
| PLN | 5,021,000 | USD | 1,339,787 | Citibank N.A. | 4/12/2019 | (11,178) |
| SEK | 80,669,638 | USD | 9,120,160 | JPMorgan Chase Bank N.A. | 4/12/2019 | (357,890) |
| THB | 64,882,000 | USD | 2,067,293 | JPMorgan Chase Bank N.A. | 5/13/2019 | (13,090) |
| ZAR | 20,000,000 | USD | 1,496,230 | Goldman Sachs International | 4/12/2019 | (83,950) |
| ZAR | 43,947,533 | USD | 3,127,021 | UBS AG | 4/12/2019 | (23,709) |
| USD | 3,110,335 | AUD | 4,389,000 | NatWest Markets PLC | 4/12/2019 | (5,069) |
| USD | 35,759,613 | CAD | 47,501,948 | Citibank N.A. | 4/12/2019 | (372,447) |
| USD | 2,370,461 | EUR | 2,084,425 | Deutsche Bank AG | 4/12/2019 | (8,570) |
| USD | 920,775 | EUR | 809,609 | JPMorgan Chase Bank N.A. | 4/12/2019 | (3,262) |
| USD | 945,372 | GBP | 738,000 | Brown Brothers Harriman | 4/12/2019 | (35,527) |
| USD | 2,068,156 | GBP | 1,577,000 | UBS AG | 4/12/2019 | (27,884) |
| USD | 1,617,021 | IDR | 22,960,080,000 | JPMorgan Chase Bank N.A. | 3/29/2019 | (11,032) |
| USD | 2,281,171 | NZD | 3,369,549 | Goldman Sachs International | 4/12/2019 | (15,389) |
| USD | 1,486,606 | TRY | 8,601,000 | NatWest Markets PLC | 4/12/2019 | (88,257) |
| $(3,565,821) | ||||||
| Futures Contracts | ||||||
| Description | Long/
Short |
Currency | Contracts | Notional
Amount |
Expiration
Date |
Value/Unrealized
Appreciation (Depreciation) |
| Asset Derivatives | ||||||
| Interest Rate Futures | ||||||
| U.S. Treasury Note 10 yr | Short | USD | 169 | $20,618,000 | June – 2019 | $108,539 |
| U.S. Treasury Note 5 yr | Short | USD | 205 | 23,485,313 | June – 2019 | 68,429 |
| U.S. Treasury Ultra 10 yr | Short | USD | 152 | 19,676,875 | June – 2019 | 118,198 |
| $295,166 | ||||||
| Liability Derivatives | ||||||
| Interest Rate Futures | ||||||
| German Euro-Bobl 5 yr | Short | EUR | 290 | $43,779,086 | March – 2019 | $(48,897) |
| German Euro-Bund 10 yr | Short | EUR | 26 | 4,888,828 | March – 2019 | (84,937) |
| U.S. Treasury Note 2 yr | Long | USD | 227 | 48,168,336 | June – 2019 | (50,456) |
| Futures Contracts − continued | ||||||
| Description | Long/
Short |
Currency | Contracts | Notional
Amount |
Expiration
Date |
Value/Unrealized
Appreciation (Depreciation) |
| Liability Derivatives − continued | ||||||
| Interest Rate Futures − continued | ||||||
| U.S. Treasury Ultra Bond | Long | USD | 12 | $1,915,125 | June – 2019 | $ (31,142) |
| $(215,432) | ||||||
| Financial Instruments | Level 1 | Level 2 | Level 3 | Total |
| U.S. Treasury Bonds & U.S. Government Agency & Equivalents | $— | $110,479,908 | $— | $110,479,908 |
| Non-U.S. Sovereign Debt | — | 206,263,259 | — | 206,263,259 |
| Municipal Bonds | — | 1,169,224 | — | 1,169,224 |
| U.S. Corporate Bonds | — | 116,216,646 | — | 116,216,646 |
| Residential Mortgage-Backed Securities | — | 30,669,936 | — | 30,669,936 |
| Commercial Mortgage-Backed Securities | — | 5,408,534 | — | 5,408,534 |
| Asset-Backed Securities (including CDOs) | — | 22,967,034 | — | 22,967,034 |
| Foreign Bonds | — | 90,317,621 | — | 90,317,621 |
| Mutual Funds | 18,305,840 | — | — | 18,305,840 |
| Total | $18,305,840 | $583,492,162 | $— | $601,798,002 |
| Other Financial Instruments | ||||
| Futures Contracts - Assets | $295,166 | $— | $— | $295,166 |
| Futures Contracts - Liabilities | (215,432) | — | — | (215,432) |
| Forward Foreign Currency Exchange Contracts - Assets | — | 1,330,040 | — | 1,330,040 |
| Forward Foreign Currency Exchange Contracts - Liabilities | — | (3,565,821) | — | (3,565,821) |
| Written Options - Liabilities | — | (9,764) | — | (9,764) |
| Affiliated Issuers | Beginning
Shares/Par Amount |
Acquisitions
Shares/Par Amount |
Dispositions
Shares/Par Amount |
Ending
Shares/Par Amount |
| MFS Institutional Money Market Portfolio | 15,148,351 | 92,228,513 | (89,071,024) | 18,305,840 |
| Affiliated Issuers | Realized
Gain (Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Capital
Gain Distributions |
Dividend
Income |
Ending
Value |
| MFS Institutional Money Market Portfolio | $(1,789) | $(433) | $— | $92,453 | $18,305,840 |
| United States | 59.2% |
| Japan | 6.7% |
| Spain | 4.1% |
| Canada | 3.9% |
| United Kingdom | 3.8% |
| Italy | 3.6% |
| Portugal | 3.0% |
| Greece | 2.6% |
| Germany | (5.3)% |
| Other Countries | 18.4% |
| ITEM 2. | CONTROLS AND PROCEDURES. |
| (a) | Based upon their evaluation of the effectiveness of the registrant’s 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 registrant’s 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 Commission’s rules and forms. |
| (b) | There were no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s 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 as EX-99.CERT.
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 SERIES TRUST X
| By (Signature and Title)* | DAVID L. DILORENZO | |
| David L. DiLorenzo, President |
Date: April 16, 2019
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)* | DAVID L. DILORENZO | |
| David L. DiLorenzo, President (Principal Executive Officer) |
Date: April 16, 2019
| By (Signature and Title)* | JAMES O. YOST | |
| James O. Yost, Treasurer (Principal Financial Officer and Accounting Officer) |
Date: April 16, 2019
| * | Print name and title of each signing officer under his or her signature. |
| This ‘N-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / Effective on: | 4/23/19 | |||
| 4/16/19 | ||||
| For Period End: | 2/28/19 | 40-17G, 485BPOS, 497, N-Q | ||
| List all Filings | ||||
