N-Q 1 d64377.htm MFS SERIES TRUST VIII cover_64377.pdf -- Converted by SECPublisher 4.0, created by BCL Technologies Inc., for SEC Filing
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 811-5262


MFS SERIES TRUST VIII
 
(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)
 
Registrant’s telephone number, including area code: (617) 954-5000 


Date of fiscal year end: October 31


Date of reporting period: January 31, 2006

 


ITEM 1. SCHEDULE OF INVESTMENTS.


MFS Global Growth Fund       
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006       
Issuer  Shares/Par    Value ($) 

Stocks – 99.5%       

Aerospace – 0.6%       

Lockheed Martin Corp.  40,230  $  2,721,559 

Alcoholic Beverages – 0.7%       

Pernod Ricard S.A.(l)  16,370  $  3,048,989 

Apparel Manufacturers – 1.5%       

Burberry Group PLC  270,190  $  2,077,094 

LVMH Moet Hennessy Louis Vuitton S.A.  49,600    4,483,259 

    $  6,560,353 

Automotive – 2.0%       

Autoliv, Inc.  48,540  $  2,388,927 

Kongsberg Automotive A.S.A.(n)  192,310    1,504,716 

Toyota Motor Corp.  92,300    4,798,290 

    $  8,691,933 

Banks & Credit Companies – 11.6%       

AEON Credit Service Co. Ltd.  61,100  $  5,485,443 

Aiful Corp.  53,500    3,622,932 

American Express Co.  96,210    5,046,214 

Anglo Irish Bank Corp. PLC  150,670    2,382,603 

Capital One Financial Corp.  14,000    1,166,200 

DEPFA Bank PLC  131,710    2,259,152 

Erste Bank der oesterreichischen Sparkassen AG  68,040    3,801,830 

Erste Bank der oesterreichischen Sparkassen AG(n)  9,072    500,063 

Nedbank Group Ltd.  280,850    4,949,673 

Standard Chartered PLC  185,980    4,627,540 

Sumitomo Mitsui Financial Group, Inc.  423    4,954,983 

Takefuji Corp.  28,180    1,701,088 

UBS AG  54,861    5,973,195 

UniCredito Italiano S.p.A.  689,880    4,933,977 

    $  51,404,893 

Biotechnology – 2.0%       

Amgen, Inc.(n)  61,570  $  4,487,837 

Genzyme Corp.(n)  24,200    1,716,748 

Gilead Sciences, Inc.(n)  42,900    2,611,323 

    $  8,815,908 

Broadcast & Cable TV – 4.6%       

Grupo Televisa S.A., ADR  60,360  $  5,043,078 

Nippon Television Network Corp.  13,760    1,925,965 

PagesJaunes Groupe S.A.(l)  118,470    3,021,399 

Viacom, Inc., "B"(n)  30,235    1,254,148 

Walt Disney Co.  171,940    4,351,801 

WPP Group PLC  424,290    4,722,338 

    $  20,318,729 

Brokerage & Asset Managers – 3.9%       

Franklin Resources, Inc.  43,580  $  4,292,630 

Goldman Sachs Group, Inc.  33,560    4,740,350 

Julius Baer Holding Ltd.  48,571    3,907,290 

Morgan Stanley  73,500    4,516,575 

    $  17,456,845 

Business Services – 2.3%       

Getty Images, Inc.(l)(n)  43,560  $  3,556,674 

Infosys Technologies Ltd.  64,280    4,223,383 

     

1
 

MFS Global Growth Fund       
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer  Shares/Par    Value ($) 

Stocks – continued       

Business Services – continued       

Monster Worldwide, Inc.(n)  57,500  $  2,452,950 

    $  10,233,007 

Chemicals – 0.4%       

Nalco Holding Co.(n)  92,740  $  1,711,053 

Computer Software – 1.0%       

Oracle Corp.(n)  365,740  $  4,597,352 

Computer Software - Systems – 0.7%       

Amdocs Ltd.(n)  93,890  $  3,023,258 

Construction – 1.0%       

CEMEX S.A. de C.V., ADR  66,900  $  4,414,062 

Consumer Goods & Services – 4.0%       

Avon Products, Inc.  77,210  $  2,186,587 

Colgate-Palmolive Co.  38,580    2,117,656 

eBay, Inc.(n)  78,490    3,382,919 

L'Oreal S.A.(l)  42,360    3,444,674 

Reckitt Benckiser PLC  195,500    6,437,069 

    $  17,568,905 

Electrical Equipment – 3.4%       

Advantest Corp.  31,500  $  3,878,415 

Keyence Corp.  8,000    2,205,977 

MSC Industrial Direct Co., Inc., "A"  46,750    2,100,477 

Nitto Denko Corp.  49,200    4,177,299 

Schneider Electric S.A.(l)  25,587    2,678,758 

    $  15,040,926 

Electronics – 10.0%       

Canon, Inc.  75,000  $  4,540,208 

Intel Corp.  231,980    4,934,215 

KLA-Tencor Corp.  47,790    2,484,124 

Kronos, Inc.(n)  42,400    1,666,320 

Nippon Electric Glass Co. Ltd.(l)  110,000    2,906,246 

Ricoh Co. Ltd.  183,000    3,152,879 

Royal Philips Electronics N.V.  166,970    5,646,592 

Samsung Electronics Co. Ltd.  13,000    10,022,191 

SanDisk Corp.(n)  62,600    4,216,736 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR  439,800    4,749,840 

    $  44,319,351 

Energy - Independent – 3.7%       

Canadian Natural Resources Ltd.  39,310  $  2,429,985 

CNOOC Ltd.  6,147,000    5,150,464 

EnCana Corp.  57,000    2,832,283 

Norsk Hydro A.S.A.  18,620    2,287,628 

Talisman Energy, Inc.  59,390    3,603,649 

    $  16,304,009 

Energy - Integrated – 2.7%       

BP PLC, ADR  69,484  $  5,024,388 

TOTAL S.A.(l)  25,420    7,030,716 

    $  12,055,104 

Food & Non-Alcoholic Beverages – 3.6%       

Coca-Cola Hellenic Bottling Co. S.A.  147,210  $  4,419,225 

Groupe Danone(l)  34,130    3,726,872 

     

2
 

MFS Global Growth Fund       
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer  Shares/Par    Value ($) 

Stocks – continued       

Food & Non-Alcoholic Beverages – continued       

Nestle S.A.  15,498  $  4,552,344 

PepsiCo, Inc.  60,400    3,453,672 

    $  16,152,113 

Forest & Paper Products – 0.9%       

Aracruz Celulose S.A., ADR(l)  101,440  $  3,980,506 

Gaming & Lodging – 0.9%       

Hilton Group PLC  354,750  $  2,304,792 

William Hill Organization Ltd.  186,550    1,899,945 

    $  4,204,737 

Insurance – 0.5%       

Ace Ltd.  39,710  $  2,174,122 

Internet – 1.2%       

Google, Inc., "A"(n)  5,500  $  2,382,875 

Yahoo!, Inc.(n)  82,330    2,827,212 

    $  5,210,087 

Leisure & Toys – 0.7%       

Electronic Arts, Inc.(n)  54,020  $  2,948,412 

Machinery & Tools – 0.7%       

Sandvik AB(l)  65,210  $  3,213,649 

Medical Equipment – 5.9%       

Advanced Medical Optics, Inc.(n)  55,710  $  2,483,552 

Alcon, Inc.  15,480    1,980,202 

Cyberonics, Inc.(l)(n)  64,700    1,941,647 

Cytyc Corp.(n)  77,070    2,319,807 

Discovery Partners International, Inc.(n)  120    292 

Medtronic, Inc.  62,160    3,510,175 

Millipore Corp.(n)  32,350    2,225,033 

Smith & Nephew PLC  410,150    4,082,128 

Straumann Holding AG(l)  9,260    2,228,594 

Synthes, Inc.  20,950    2,512,392 

Zimmer Holdings, Inc.(n)  40,840    2,815,918 

    $  26,099,740 

Metals & Mining – 3.3%       

Aber Diamond Corp.  65,220  $  2,656,540 

Aber Diamond Corp.  26,180    1,066,363 

BHP Billiton Ltd.  249,400    4,867,394 

Companhia Vale do Rio Doce, ADR  119,640    6,133,943 

    $  14,724,240 

Network & Telecom – 1.4%       

Juniper Networks, Inc.(n)  203,330  $  3,686,373 

QUALCOMM, Inc.  57,520    2,758,659 

    $  6,445,032 

Personal Computers & Peripherals – 1.1%       

EMC Corp.(n)  156,110  $  2,091,874 

Network Appliance, Inc.(n)  83,440    2,603,328 

    $  4,695,202 

Pharmaceuticals – 7.7%       

AstraZeneca PLC  83,300  $  4,044,295 

Eli Lilly & Co.  73,120    4,140,054 

     

3
 

MFS Global Growth Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($)  

Stocks – continued         

Pharmaceuticals – continued         



GlaxoSmithKline PLC    232,530  $  5,964,137  



Johnson & Johnson    98,400    5,661,936  



Roche Holding AG    42,080    6,658,176  



Sanofi-Aventis(l)    37,280    3,424,135  



Teva Pharmaceutical Industries Ltd., ADR(l)    100,250    4,273,658  



      $  34,166,391  

Printing & Publishing – 0.9%         



Yell Group PLC    410,680  $  3,902,444  



Specialty Chemicals – 2.6%         



Formosa Plastics Corp.    2,686,000  $  4,380,530  



Kaneka Corp.    156,000    2,059,459  



L'Air Liquide S.A., Bearer Shares    25,917    5,338,273  



      $  11,778,262  

Specialty Stores – 5.7%         



Aeropostale, Inc.(n)    73,900  $  2,233,997  



Esprit Holdings Ltd.    265,000    2,304,080  



Home Depot, Inc.    110,700    4,488,885  



Industria de Diseno Textil S.A.    71,080    2,446,183  



NEXT PLC    109,553    3,386,356  



Nishimatsuya Chain Co. Ltd.    116,200    2,583,216  



PETsMART, Inc.    139,040    3,484,342  



Photo-Me International PLC    1,073,400    1,847,560  



Williams-Sonoma, Inc.(n)    64,600    2,569,788  



      $  25,344,407  

Telecommunications - Wireless – 2.3%         



Turkcell Iletisim Hizmetleri A.S., ADR(l)    279,380  $  4,864,006  



Vodafone Group PLC    2,640,550    5,557,585  



      $  10,421,591  

Telephone Services – 2.1%         



FastWeb S.p.A.(n)    37,799  $  1,832,303  



Sprint Nextel Corp.    170,510    3,902,974  



Telenor A.S.A.    354,430    3,559,846  



      $  9,295,123  

Utilities - Electric Power – 1.9%         



Iberdrola S.A.    118,230  $  3,372,218  



Suez S.A.(l)    131,626    4,877,553  



      $  8,249,771  

Total Stocks      $  441,292,065  

Short-Term Obligation – 0.4%         



General Electric Co., 4.48%, due 2/01/06(y)  $  1,829,000  $  1,829,000  

Collateral for Securities Loaned – 10.4%         



Navigator Securities Lending Prime Portfolio    46,371,456  $  46,371,456  



Total Investments(k)      $  489,492,521  

Other Assets, Less Liabilities (10.3)%        (45,788,576 ) 

Net Assets – 100.0%      $  443,703,945  


(k)    As of January 31, 2006 the fund had two securities representing $7,037,070 and 1.6% of net assets that were fair valued in 
    accordance with the policies adopted by the Board of Trustees. 
(n)    Non-income producing security. 
(l)    All or a portion of this security is on loan. 
(y)    The rate shown represents an annualized yield at time of purchase. 
 

4
 

MFS Global Growth Fund 
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued 


The following abbreviation is used in the Portfolio of Investments and is defined:
 
ADR  American Depository Receipt 
See attached schedules. 
For more information see notes to financial statements as disclosed in the most recent semiannual or annual report. 



5

 

MFS Global Growth Fund

Supplemental Schedules (Unaudited) 01/31/2006

(1) 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  $  409,415,081  
Gross unrealized appreciation  $  84,730,910  
Gross unrealized depreciation    (4,653,470 ) 
            Net unrealized appreciation (depreciation)  $  80,077,440  

Aggregate cost includes prior fiscal year end tax adjustments.

(2) Country Weightings

Country weighting percentages of portfolio holdings based on total net assets as of January 31, 2006, are as follows:

United States  32.5 % 
Great Britain  12.6 % 
Japan  10.8 % 
France  9.3 % 
Switzerland  5.8 % 
Canada  2.8 % 
Brazil  2.3 % 
South Korea  2.3 % 
Mexico  2.1 % 
Others  19.5 % 

MFS Investment Management®   
MFS® investment products are offered through MFS Fund Distributors, Inc., 500 Boylston Street, Boston, MA 02116.   
 

6
 



MFS Strategic Income Fund       
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006       
Issuer  Shares/Par    Value ($) 

Bonds – 96.1%       

Advertising & Broadcasting – 2.1%       



Allbritton Communications Co., 7.75%, 2012  $ 1,000,000  $  1,002,480 



EchoStar DBS Corp., 6.375%, 2011  870,000    848,250 

Granite Broadcasting Corp., 9.75%, 2010  840,000    724,500 

Innova S. de R.L., 9.375%, 2013  235,000    260,556 

Intelsat Ltd., 8.625%, 2015(a)  945,000    947,363 

Lamar Media Corp., 7.25%, 2013  965,000    996,363 

Liberty Media Corp., 5.7%, 2013  890,000    832,981 

Panamsat Holding Corp., 0% to 2009, 10.375% to 2014  830,000    585,150 

Paxson Communications Corp., FRN, 10.7769%, 2013(a)  775,000    744,000 

Quebecor Media, Inc., 7.75%, 2016(a)  190,000    193,800 

    $  7,135,443 

Aerospace – 0.4%       



DRS Technologies, Inc., 7.625%, 2018  $ 435,000  $  441,525 



Transdigm, Inc., 8.375%, 2011  700,000    735,000 

    $  1,176,525 

Airlines – 0.2%       



Continental Airlines, Inc., 7.566%, 2020  $ 783,913  $  730,596 



Apparel Manufacturers – 0.2%       



Levi Strauss & Co., 12.25%, 2012  $ 435,000  $  493,725 



Asset Backed & Securitized – 8.6%       



Anthracite CDO Ltd., 6%, 2037(a)  $ 1,200,000  $  1,049,626 



ARCap, Inc., "H", 6.1%, 2045(a)  900,000    806,704 

Asset Securitization Corp., FRN, 8.2925%, 2026  1,485,000    1,569,346 

Asset Securitization Corp., FRN, 8.2927%, 2029(a)  790,000    705,168 

Chase Commercial Mortgage Securities Corp., 6.6%, 2012  3,640,000    3,750,893 

Commercial Mortgage Acceptance Corp., FRN, 5.44%, 2013(a)  2,000,000    1,989,402 

Countrywide Asset-Backed Certificates, FRN, 4.575%, 2035  148,000    145,826 

Crest Ltd., 7%, 2040(a)  400,000    370,840 

Deutsche Mortgage & Asset Receiving Corp., 7.5%, 2031  1,050,000    1,166,685 

DLJ Commercial Mortgage Corp., 6.04%, 2031  550,000    556,253 

DLJ Commercial Mortgage Corp., FRN, 7.6215%, 2032  385,000    415,117 

Falcon Franchise Loan LLC, 6.5%, 2014(a)  700,000    603,531 

Falcon Franchise Loan LLC, FRN, 3.0686%, 2023(a)(i)  6,065,739    706,381 

Falcon Franchise Loan LLC, FRN, 3.7837%, 2025(i)  4,659,891    758,468 

First Union-Lehman Brothers Bank of America, FRN, 0.5348%, 2028(i)  47,404,672    895,560 

First Union-Lehman Brothers Commercial Mortgage Trust, 7%, 2029(a)  600,000    650,796 

GMAC Commercial Mortgage Securities, Inc., 6.02%, 2033  1,758,000    1,763,585 

J.P. Morgan Chase Commercial Mortgage Securities Corp., FRN, 5.3646%, 2043  1,789,097    1,792,978 

Morgan Stanley Capital I, Inc., 7.18%, 2009  430,000    442,504 

Morgan Stanley Capital I, Inc., FRN, 1.4906%, 2039(a)(i)  10,951,115    796,518 

Mortgage Capital Funding, Inc., 7.214%, 2007  2,500,000    2,549,802 

Preferred Term Securities IV Ltd. FRN, 6.7469%, 2031(a)  1,290,000    1,309,350 

Prudential Securities Secured Financing Corp., FRN, 7.4486%, 2013(a)  875,000    939,734 

Salomon Brothers Mortgage Securities, Inc., FRN, 7.0781%, 2032(a)  1,800,000    1,984,617 

Wachovia Bank Commercial Mortgage Trust, FRN, 5.3164%, 2044  1,309,000    1,312,484 

    $  29,032,168 

Automotive – 1.9%       



Ford Motor Credit Co., 5.625%, 2008  $ 135,000  $  122,734 



Ford Motor Credit Co., 5.8%, 2009  2,363,000    2,143,969 

General Motors Acceptance Corp., 5.85%, 2009  1,932,000    1,819,693 

General Motors Acceptance Corp., 6.75%, 2014  480,000    454,917 

     
1
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

Automotive – continued         



Johnson Controls, Inc., 5.25%, 2011  $  290,000  $  289,120 

Lear Corp., 8.11%, 2009    245,000    225,400 



Navistar International Corp., 7.5%, 2011    630,000    623,700 



TRW Automotive, Inc., 9.375%, 2013    219,000    238,163 



TRW Automotive, Inc., 11%, 2013    361,000    409,735 



      $  6,327,431 

Banks & Credit Companies – 4.3%         



Banco BMG S.A., 9.15%, 2016(a)  $  659,000  $  660,648 

Banco do Brasil S.A., 7.95%, 2049(a)    153,000    153,612 



Banco do Estado de Sao Paulo S.A., 8.7%, 2049(a)    700,000    721,000 



Banco Mercantil del Norte S.A., 5.875% to 2009, FRN to 2014(a)    841,000    834,693 



BNP Paribas, 5.186% to 2015, FRN to 2049(a)    962,000    924,368 



Bosphorus Financial Services Ltd., FRN, 6.549%, 2012(a)    800,000    804,115 



Chuo Mitsui Trust & Banking Co., 5.506% to 2015, FRN to 2049(a)    773,000    751,130 



Credit Suisse First Boston (USA), Inc., 4.875%, 2010    955,000    944,261 



DFS Funding Corp., FRN, 6.4913%, 2010(a)    1,082,000    1,117,165 



Kazkommerts International B.V., 10.125%, 2007(a)    85,000    89,463 



Kazkommerts International B.V., 10.125%, 2007    999,000    1,051,448 



Mizuho Financial Group, Inc., 4.75%, 2014(a)  EUR  755,000    950,780 

Resona Bank Ltd., 5.85% to 2016, FRN to 2049(a)  $  246,000    244,526 

Royal Bank of Scotland Group PLC, 9.118%, 2049    857,000    976,071 



Russian Standard Finance S.A., 7.5%, 2010(a)    168,000    165,690 



Turanalem Finance B.V., 8%, 2014(a)    667,000    690,345 



UFJ Finance Aruba AEC, 6.75%, 2013    648,000    701,052 



UniCredito Italiano Capital Trust II, 9.2% to 2010, FRN to 2049(a)    1,187,000    1,366,484 



Wachovia Capital Trust III, 5.8% to 2011, FRN to 2049    1,510,000    1,514,666 



      $  14,661,517 

Broadcast & Cable TV – 2.1%         



CCH I Holdings LLC, 11%, 2015(a)  $  917,000  $  754,233 

Charter Communications, Inc., 8.625%, 2009    474,000    350,760 



Charter Communications, Inc., 8.375%, 2014(a)    1,090,000    1,088,638 



CSC Holdings, Inc., 8.125%, 2009    1,634,000    1,658,510 



Mediacom Broadband LLC, 11%, 2013    395,000    424,625 



Mediacom LLC, 9.5%, 2013    420,000    416,850 



Rogers Cable, Inc., 5.5%, 2014    714,000    671,160 



TCI Communications, Inc., 9.8%, 2012    841,000    1,004,590 



Time Warner Entertainment Co. LP, 8.375%, 2033    642,000    759,137 



      $  7,128,503 

Building – 0.7%         



American Standard Cos., Inc., 7.375%, 2008  $  735,000  $  763,083 

Goodman Global Holdings, Inc., 7.875%, 2012(a)    210,000    198,450 



Jacuzzi Brands, Inc., 9.625%, 2010    355,000    377,188 



Nortek Holdings, Inc., 8.5%, 2014    665,000    646,713 



Nortek Holdings, Inc., 0% to 2009, 10.75% to 2014    795,000    507,806 



      $  2,493,240 

Business Services – 1.3%         



Iron Mountain, Inc., 8.625%, 2013  $  650,000  $  677,625 

Iron Mountain, Inc., 7.75%, 2015    1,055,000    1,070,825 



Lucent Technologies, Inc., 5.5%, 2008    1,060,000    1,038,800 



SunGard Data Systems, Inc., 10.25%, 2015(a)    345,000    346,725 



Xerox Corp., 7.625%, 2013    1,185,000    1,259,063 



      $  4,393,038 

       
2
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

Chemicals – 2.3%         



Basell AF SCA, 8.375%, 2015(a)  $  410,000  $  409,488 

BCP Crystal Holdings Corp., 9.625%, 2014    1,116,000    1,238,760 



Equistar Chemicals, 10.625%, 2011    835,000    918,500 



Huntsman International LLC, 10.125%, 2009    438,000    452,783 



Huntsman International LLC, 7.375%, 2015(a)    450,000    455,625 



IMC Global, Inc., 10.875%, 2013    1,210,000    1,391,500 



Kronos International, Inc., 8.875%, 2009  EUR  70,000    89,262 

Lyondell Chemical Co., 11.125%, 2012  $  1,340,000    1,504,150 

Nalco Co., 7.75%, 2011    475,000    484,500 



Nalco Finance Holdings, Inc, 0% to 2009, 9% to 2014    605,000    458,288 



Rhodia S.A., 8.875%, 2011    415,000    423,300 



      $  7,826,156 

Construction – 0.2%         



D.R. Horton, Inc., 8%, 2009  $  760,000  $  808,269 

Consumer Goods & Services – 0.5%         



Church & Dwight Co., Inc., 6%, 2012  $  715,000  $  702,488 

Fortune Brands, Inc., 5.125%, 2011    345,000    342,980 



Revlon Consumer Products Corp., 9.5%, 2011    760,000    699,200 



      $  1,744,668 

Containers – 0.8%         



Crown Americas, 7.75%, 2015(a)  $  610,000  $  632,875 

Owens-Brockway Glass Container, Inc., 8.875%, 2009    390,000    407,063 



Owens-Brockway Glass Container, Inc., 8.25%, 2013    1,460,000    1,536,650 



Plastipak Holdings, Inc., 8.5%, 2015(a)    145,000    148,625 



Pliant Corp., 11.125%, 2009    135,000    117,788 



      $  2,843,001 

Defense Electronics – 0.8%         



BAE Systems Holdings, Inc., 5.2%, 2015(a)  $  1,297,000  $  1,259,041 

L-3 Communications Holdings, Inc, 6.125%, 2014    1,575,000    1,555,313 



      $  2,814,354 

Electronics – 0.2%         



Flextronics International Ltd., 6.5%, 2013  $  790,000  $  795,925 

Emerging Market Quasi-Sovereign – 2.2%         



Gazprom OAO, 9.625%, 2013  $  1,370,000  $  1,642,288 

Gazprom OAO, 8.625%, 2034(a)    950,000    1,199,850 



Pemex Project Funding Master Trust, 7.375%, 2014    783,000    864,432 



Pemex Project Funding Master Trust, 8.625%, 2022    1,366,000    1,668,569 



Petronas Capital Ltd., 7.875%, 2022(a)    1,020,000    1,253,292 



Petronas Capital Ltd., 7.875%, 2022    791,000    971,916 



      $  7,600,347 

Emerging Market Sovereign – 6.0%         



Aries Vermogensverwaltungs, 9.6%, 2014  $  500,000  $  638,750 

Federal Republic of Brazil, 8%, 2018    222,000    242,757 



Federal Republic of Brazil, 8.875%, 2019    393,000    453,915 



Federal Republic of Brazil, FRN, 5.25%, 2012    1,936,271    1,927,751 



Federal Republic of Brazil, FRN, 5.1875%, 2024    995,000    975,100 



Republic of Argentina, FRN, 4.889%, 2012    1,709,000    1,352,674 



Republic of Colombia, FRN, 6.55%, 2015    663,000    687,863 



Republic of Korea, 5.58%, 2025    795,000    800,026 



Republic of Panama, 9.375%, 2029    1,136,000    1,471,120 



Republic of Philippines, 8%, 2016    1,090,000    1,147,225 

       
3
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

Emerging Market Sovereign – continued         



Republic of Philippines, 7.75%, 2031  $  846,000  $  834,368 

Republic of South Africa, 9.125%, 2009    308,000    344,190 



Russian Federation, 3%, 2008    4,232,000    4,023,362 



Russian Federation, 3%, 2011    2,090,000    1,878,388 



State of Qatar, 9.75%, 2030    363,000    554,483 



United Mexican States, 6.375%, 2013    912,000    965,808 



United Mexican States, 6.625%, 2015    186,000    200,880 



United Mexican States, 8.125%, 2019    1,603,000    1,955,660 



      $  20,454,320 

Energy - Independent – 1.6%         



Chesapeake Energy Corp., 6.375%, 2015  $  1,345,000  $  1,341,638 

Chesapeake Energy Corp., 6.875%, 2016    155,000    158,100 



Clayton Williams Energy, Inc., 7.75%, 2013    755,000    742,731 



Kerr-McGee Corp., 6.95%, 2024    994,000    1,049,679 



Newfield Exploration Co., 6.625%, 2014    665,000    685,781 



Pioneer Natural Resource Co., 6.5%, 2008    647,000    658,390 



Plains Exploration & Production Co., 7.125%, 2014    665,000    698,250 



      $  5,334,569 

Entertainment – 0.8%         



AMC Entertainment, Inc., 9.5%, 2011  $  864,000  $  816,480 

AMC Entertainment, Inc., 11%, 2016(a)    245,000    246,225 



Six Flags, Inc., 9.75%, 2013    913,000    934,684 



Turner Broadcasting System, Inc., 8.375%, 2013    653,000    745,939 



      $  2,743,328 

Financial Institutions – 0.5%         



HSBC Finance Corp., 5.25%, 2011  $  1,520,000  $  1,520,508 

Food & Non-Alcoholic Beverages – 0.4%         



Dean Foods Co., 6.625%, 2009  $  355,000  $  362,988 

Michael Foods, Inc., 8%, 2013    880,000    904,200 



      $  1,267,188 

Forest & Paper Products – 1.3%         



Buckeye Technologies, Inc., 8.5%, 2013  $  1,145,000  $  1,150,725 

Graphic Packaging International Corp., 8.5%, 2011    1,035,000    1,035,000 



JSG Funding PLC, 7.75%, 2015  EUR  575,000    640,479 

MDP Acquisitions PLC, 9.625%, 2012  $  775,000    800,188 

Stone Container Corp., 7.375%, 2014    890,000    794,325 



      $  4,420,717 

Gaming & Lodging – 2.8%         



Aztar Corp., 7.875%, 2014  $  560,000  $  581,000 

Boyd Gaming Corp., 6.75%, 2014    720,000    707,400 



Host Marriott LP, 7.125%, 2013    900,000    925,875 



Host Marriott LP, 6.375%, 2015    510,000    503,625 



Majestic Star Casino LLC, 9.5%, 2010    125,000    133,438 



Majestic Star Casino LLC, 9.75%, 2011(a)    135,000    138,038 



MGM Mirage, Inc., 8.375%, 2011    1,740,000    1,870,500 



Pinnacle Entertainment, Inc., 8.75%, 2013    1,025,000    1,091,625 



Royal Caribbean Cruises Ltd., 8%, 2010    935,000    1,016,921 



Scientific Games Corp., 6.25%, 2012    750,000    735,000 



Starwood Hotels & Resorts Worldwide, Inc., 7.875%, 2012    1,000,000    1,095,000 



Station Casinos, Inc., 6.5%, 2014    520,000    518,700 



      $  9,317,122 

       
4
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

Industrial – 1.1%         



Amsted Industries, Inc., 10.25%, 2011(a)  $  1,280,000  $  1,376,000 

JohnsonDiversey Holdings, Inc., "B", 9.625%, 2012    1,000,000    1,015,000 



JohnsonDiversey Holdings, Inc., 0% to 2007, 10.67% to 2013    1,000,000    840,000 



Milacron Escrow Corp., 11.5%, 2011    430,000    388,075 



      $  3,619,075 

Insurance – 1.9%         



American International Group, Inc., 4.25%, 2013  $  3,664,000  $  3,444,644 

ING Groep N.V., 5.775% to 2015, FRN to 2049    2,160,000    2,170,543 



UnumProvident Corp., 7.625%, 2011    350,000    377,343 



UnumProvident Corp., 6.85%, 2015(a)    347,000    362,049 



      $  6,354,579 

Insurance - Property & Casualty – 1.0%         



Allianz AG, 5.5% to 2014, FRN to 2049  EUR  947,000  $  1,240,918 

AXIS Capital Holdings Ltd., 5.75%, 2014  $  775,000    770,749 

St. Paul Travelers Cos., Inc., 5.5%, 2015    1,212,000    1,213,875 



      $  3,225,542 

International Market Quasi-Sovereign – 1.1%         



KfW Bankengruppe, FRN, 2.328%, 2007  EUR  1,421,000  $  1,728,215 

Landesbank Baden-Wurttemberg, FRN, 2.508%, 2007  EUR  468,000    569,669 

Landesbank Baden-Wurttemberg, FRN, 2.594%, 2007  EUR  433,000    527,082 

Landesbank Baden-Wurttemberg, FRN, 2.463%, 2007  EUR  820,000    998,323 

      $  3,823,289 

International Market Sovereign – 14.5%         



Federal Republic of Germany, 3.5%, 2008  EUR  4,407,000  $  5,425,654 

Federal Republic of Germany, 3.75%, 2015  EUR  868,000    1,080,835 

Federal Republic of Germany, 6.25%, 2030  EUR  312,000    529,512 

Government of Australia, 6.25%, 2015  AUD  331,000    266,452 

Government of Canada, 4.5%, 2015  CAD  601,000    538,590 

Government of New Zealand, 6.5%, 2013  NZD  5,341,000    3,802,375 

Government of New Zealand, 6%, 2015  NZD  1,176,000    815,433 

Government of New Zealand, 6%, 2017  NZD  817,000    567,843 

Kingdom of Netherlands, 5.75%, 2007  EUR  1,873,000    2,349,299 

Kingdom of Netherlands, 3.75%, 2009  EUR  2,215,000    2,751,048 

Kingdom of Spain, 6%, 2008  EUR  2,070,328    2,663,409 

Kingdom of Spain, 5.35%, 2011  EUR  1,235,000    1,661,778 

Republic of Austria, 5.5%, 2007  EUR  2,182,000    2,768,622 

Republic of Finland, 5.375%, 2013  EUR  3,547,000    4,879,370 

Republic of France, 4.75%, 2007  EUR  3,942,000    4,922,394 

Republic of France, 4.75%, 2012  EUR  408,000    538,429 

Republic of France, 6%, 2025  EUR  187,000    299,813 

Republic of Ireland, 4.25%, 2007  EUR  3,794,000    4,719,125 

Republic of Ireland, 4.6%, 2016  EUR  404,000    538,006 

United Kingdom Treasury, 5.75%, 2009  GBP  2,167,000    4,062,294 

United Kingdom Treasury, 8%, 2015  GBP  1,704,000    3,990,134 

      $  49,170,415 

Machinery & Tools – 1.0%         



Case Corp., 7.25%, 2016  $  140,000  $  134,400 

Case New Holland, Inc., 9.25%, 2011    955,000    1,021,850 



Manitowoc Co., Inc., 10.5%, 2012    562,000    623,820 



Terex Corp., 10.375%, 2011    565,000    597,488 



Terex Corp., 9.25%, 2011    420,000    448,350 

       
5
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

Machinery & Tools – continued         



Terex Corp., 7.375%, 2014  $  715,000  $  718,575 

      $  3,544,483 

Medical & Health Technology & Services – 1.7%         



AmerisourceBergen Corp., 5.875%, 2015(a)  $  465,000  $  470,813 

Baxter International, Inc., 9.5%, 2008    677,000    737,619 



Cardinal Health, Inc., 5.85%, 2017    1,211,000    1,226,414 



CDRV Investors, Inc., 0% to 2010, 9.625% to 2015    670,000    433,825 



DaVita, Inc., 6.625%, 2013    270,000    272,700 



HCA, Inc., 6.375%, 2015    1,515,000    1,512,484 



Omnicare, Inc., 6.875%, 2015    465,000    465,581 



Triad Hospitals, Inc., 7%, 2013    600,000    605,250 



      $  5,724,686 

Metals & Mining – 1.0%         



Century Aluminum Co., 7.5%, 2014  $  350,000  $  358,750 

Codelco, Inc., 5.625%, 2035(a)    922,000    897,843 



Foundation PA Coal Co., 7.25%, 2014    115,000    119,313 



Massey Energy Co., 6.875%, 2013(a)    365,000    368,194 



Peabody Energy Corp., "B", 6.875%, 2013    860,000    890,100 



U.S. Steel Corp., 9.75%, 2010    627,000    683,430 



      $  3,317,630 

Mortgage Backed – 5.7%         



Fannie Mae, 5.5%, 2018 - 2035  $  14,063,832  $  14,015,655 

Fannie Mae, 6.5%, 2031    440,449    452,483 



Fannie Mae, 6%, 2034    4,917,808    4,971,255 



      $  19,439,393 

Natural Gas - Distribution – 0.1%         



AmeriGas Partners LP, 7.125%, 2016  $  375,000  $  372,188 

Natural Gas - Pipeline – 2.9%         



ANR Pipeline Co., 8.875%, 2010  $  300,000  $  320,928 

Atlas Pipeline Partners LP, 8.125%, 2015(a)    365,000    375,950 



CenterPoint Energy Resources Corp., 7.875%, 2013    1,826,000    2,073,984 



El Paso Energy Corp., 7%, 2011    570,000    579,263 



El Paso Energy Corp., 7.75%, 2013    1,090,000    1,152,675 



Enterprise Products Operating LP, 6.375%, 2013    270,000    281,655 



Kinder Morgan Finance Corp., 5.35%, 2011(a)    1,516,000    1,512,433 



Southern Natural Gas Co., Inc., 8.875%, 2010    1,250,000    1,337,199 



Williams Cos., Inc., 7.125%, 2011    1,940,000    2,022,450 



      $  9,656,537 

Network & Telecom – 1.8%         



Citizens Communications Co., 9.25%, 2011  $  1,398,000  $  1,537,800 

Deutsche Telekom International Finance B.V., 8%, 2010    543,000    601,795 



Eircom Funding PLC, 8.25%, 2013    675,000    718,875 



MCI, Inc., 8.735%, 2014    645,000    727,238 



Qwest Corp., 8.875%, 2012    430,000    476,225 



Telecom Italia Capital, 4.875%, 2010    248,000    242,042 



Telefonica Europe B.V., 7.75%, 2010    1,090,000    1,188,980 



Time Warner Telecom Holdings, Inc., 9.25%, 2014    540,000    575,100 



      $  6,068,055 

Oil Services – 0.1%         



Petroleum Export Peloil, 5.265%, 2011(a)  $  298,000  $  294,513 

       
6
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

Oils – 0.4%         



Premcor Refining Group, Inc., 7.5%, 2015  $  1,290,000  $  1,373,949 

Pharmaceuticals – 0.1%         



Teva Pharmaceutical Finance LLC, 5.55%, 2016  $  359,000  $  358,209 

Printing & Publishing – 1.7%         



American Media Operations, Inc., 8.875%, 2011  $  720,000  $  612,000 

Cenveo, Inc., 9.625%, 2012    878,000    941,655 



Dex Media East LLC, 9.875%, 2009    1,100,000    1,188,000 



Dex Media West LLC, 9.875%, 2013    986,000    1,088,298 



Lighthouse International Co. S.A., 8%, 2014(a)  EUR  405,000    531,237 

MediaNews Group, Inc., 6.875%, 2013  $  1,180,000    1,109,200 

R.H. Donnelley Corp., 8.875%, 2016(a)    355,000    358,550 



      $  5,828,940 

Railroad & Shipping – 0.2%         



TFM S.A. de C.V., 9.375%, 2012  $  520,000  $  572,000 

Real Estate – 0.3%         



EOP Operating LP, 4.65%, 2010  $  1,090,000  $  1,057,540 

Retailers – 0.8%         



Couche-Tard, Inc., 7.5%, 2013  $  885,000  $  918,188 

GSC Holdings Corp., 8%, 2012(a)    365,000    354,506 



Limited Brands, Inc., 5.25%, 2014    1,126,000    1,055,956 



Rite Aid Corp., 8.125%, 2010    425,000    433,500 



      $  2,762,150 

Supermarkets – 0.3%         



Safeway, Inc., 4.95%, 2010  $  470,000  $  457,786 

Safeway, Inc., 6.5%, 2011    650,000    673,456 



      $  1,131,242 

Supranational – 0.6%         



Central American Bank, 4.875%, 2012(a)  $  1,269,000  $  1,222,077 

Inter-American Development Bank, 8%, 2016(r)  MXN  9,917,000    934,217 

      $  2,156,294 

Telecommunications - Wireless – 2.1%         



Alamosa Holdings, Inc., 11%, 2010  $  744,000  $  833,280 

America Movil S.A. de C.V., 5.75%, 2015    1,041,000    1,033,193 



American Tower Corp., 7.125%, 2012    675,000    700,313 



Centennial Communications Corp., 10%, 2013(a)    110,000    113,850 



Centennial Communications Corp., 10.125%, 2013    430,000    470,850 



Dolphin Telecom PLC, "B", 14%, 2009(d)    2,800,000    0 



Excelcomindo Finance Co., 7.125%, 2013(a)    100,000    100,250 



Nextel Communications, Inc., 5.95%, 2014    1,545,000    1,555,963 



Rogers Wireless, Inc., 7.5%, 2015    990,000    1,074,150 



Rural Cellular Corp., 9.875%, 2010    650,000    698,750 



U.S. Unwired, Inc., 10%, 2012    425,000    481,313 



      $  7,061,912 

Tobacco – 0.3%         



R.J. Reynolds Tobacco Holdings, Inc., 7.25%, 2012  $  1,069,000  $  1,095,725 

Transportation - Services – 0.3%         



Hertz Corp., 8.875%, 2014(a)  $  285,000  $  294,263 

Stena AB, 7%, 2016    465,000    431,288 



Westinghouse Air Brake Technologies Corp., 6.875%, 2013    335,000    344,213 



      $  1,069,764 

       
7
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

Bonds – continued         

U.S. Government Agencies – 3.8%         



Fannie Mae, 3.25%, 2006  $  910,000  $  903,218 

Fannie Mae, 4.25%, 2007    3,750,000    3,715,676 



Small Business Administration, 4.34%, 2024    2,846,610    2,721,454 



Small Business Administration, 4.77%, 2024    967,520    949,364 



Small Business Administration, 5.18%, 2024    2,272,239    2,280,401 



Small Business Administration, 4.86%, 2025    687,263    676,167 



Small Business Administration, 4.625%, 2025    976,772    947,362 



Small Business Administration, 5.11%, 2025    799,000    797,065 



      $  12,990,707 

U.S. Treasury Obligations – 2.6%         



U.S. Treasury Notes, 3.25%, 2008(f)  $  1,487,000  $  1,442,913 

U.S. Treasury Notes, 4.125%, 2015    504,000    488,152 



U.S. Treasury Notes, 4.25%, 2015    1,100,000    1,074,993 



U.S. Treasury Notes, 4.5%, 2015    380,000    379,124 



U.S. Treasury Notes, TIPS, 0.875%, 2010    727,194    696,941 



U.S. Treasury Notes, TIPS, 3%, 2012    866,241    922,377 



U.S. Treasury Notes, TIPS, 2%, 2014    2,751,448    2,756,285 



U.S. Treasury Notes, TIPS, 1.625%, 2015    939,889    911,692 



      $  8,672,477 

Utilities - Electric Power – 6.5%         



AES Corp., 9%, 2015(a)  $  1,210,000  $  1,324,950 

Allegheny Energy Supply Co. LLC, 8.25%, 2012(a)    1,685,000    1,870,350 



Beaver Valley Funding Corp., 9%, 2017    1,705,000    1,970,332 



CMS Energy Corp., 8.5%, 2011    1,500,000    1,629,375 



DPL, Inc., 6.875%, 2011    321,000    341,865 



Duke Capital Corp., 8%, 2019    679,000    805,742 



Dynegy Holdings, Inc., 9.875%, 2010(a)    790,000    865,050 



Empresa Nacional de Electricidad S.A., 8.35%, 2013    103,000    116,121 



Enersis S.A., 7.375%, 2014    1,489,000    1,587,928 



FirstEnergy Corp., 6.45%, 2011    857,000    900,929 



HQI Transelec Chile S.A., 7.875%, 2011    1,200,000    1,316,785 



Midland Funding II, 13.25%, 2006    1,107,475    1,140,738 



Mirant North America LLC, 7.375%, 2013(a)    360,000    366,300 



MSW Energy Holdings LLC, 7.375%, 2010    785,000    808,550 



NorthWestern Corp., 5.875%, 2014    670,000    665,236 



NRG Energy, Inc., 8%, 2013    535,000    596,525 



NRG Energy, Inc., 7.375%, 2016    1,525,000    1,551,688 



Progress Energy, Inc., 5.625%, 2016    357,000    353,668 



Texas Genco LLC, 6.875%, 2014(a)    1,585,000    1,715,763 



TXU Corp., 5.55%, 2014    1,715,000    1,610,457 



Waterford 3 Funding Corp., 8.09%, 2017    544,998    574,826 



      $  22,113,178 

Total Bonds      $  325,917,130 

Convertible Preferred Stocks – 0.3%         

Automotive – 0.3%         



Ford Motor Co. Capital Trust II, 6.5%    13,755  $  442,223 

       
8
 

MFS Strategic Income Fund         
PORTFOLIO OF INVESTMENTS (Unaudited) 01/31/2006 - continued       
Issuer    Shares/Par    Value ($) 

General Motors Corp., 5.25%    37,575    620,739 



Total Convertible Preferred Stocks      $  1,062,962 

Preferred Stocks – 0%         

Consumer Goods & Services – 0%         



Renaissance Cosmetics, Inc., 14%(n)    809  $  0 



Real Estate – 0%         



HRPT Properties Trust, "B", 8.75%    2,725  $  69,760 



Total Preferred Stocks      $  69,760 

Convertible Bonds – 0.4%         

Telecommunications - Wireless – 0.4%         



Nextel Communications, Inc., 5.25%, 2010  $  1,300,000  $  1,300,000 

Short-Term Obligation – 2.1%         



General Electric Co., 4.48%, due 2/01/06 (y)  $  7,051,000  $  7,051,000 

Rights – 0%         

Emerging Market Sovereign – 0%         



Banco Central del Uruguay    1,250,000  $  0 



Total Investments (k)      $  335,400,852 

Other Assets, Less Liabilities 1.1%        3,617,170 

Net Assets – 100.0%      $  339,018,022 


  (n)  Non-income producing security.
  (d)  Non-income producing security – in default.
  (a)  SEC Rule 144A restriction.
  (f)   All or a portion of the security has been segregated as collateral for an open futures contract.
  (y)  The rate shown represents an annualized yield at time of purchase.
  (k)  As of January 31, 2006, the fund had two securities representing $0 of net assets that were fair valued in accordance with the policies adopted by the Board of Trustees.
  (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.
  (r) Restricted securities (excluding 144A issues) are not registered under the Securities Act of 1933 and are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are 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 security:
 
  Acquisition  Acquisition  Current  Total % of  
        Restricted Security  Date  Cost  Market Value    Net Assets  

        Inter-American Development Bank, 8%, 2016  1/20/06  $ 936,528    $ 934,217  0.3 % 
        Total Restricted Securities      $ 934,217  0.3 % 

The following abbreviations are used in the Portfolio of Investments and are defined: 
FRN  Floating Rate Note. The interest rate is the rate in effect as of period end. 
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 
          DKK  Danish Krone 
          EUR  Euro 
          GBP  British Pound 
          MXN  Mexican Peso 
          NOK  Norwegian Krone 
          NZD  New Zealand Dollar 
See attached schedules. For more information see notes to financial statements as disclosed in the most recent semiannual or annual 
 
9
 

MFS Strategic Income Fund

Supplemental Schedules (Unaudited) 01/31/2006

(1) 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  $ 332,560,214  
Gross unrealized appreciation  $ 7,954,728  
Gross unrealized depreciation    (5,114,090 ) 
                         Net unrealized appreciation (depreciation)  $ 2,840,638  

Aggregate cost includes prior fiscal year end tax adjustments.

(2) Financial Instruments

Forward Foreign Currency Exchange Contracts

Sales and Purchases in the table below are reported by currency.

   
Contracts to 
Deliver/Receive 
   
 
Settlement Date 
   
 
In Exchange For 
   
Contracts at Value 
  Net Unrealized
Appreciation
(Depreciation)
 
           
           

Sales                   
AUD    1,012,789  02/06/06 - 02/07/06  $ 754,163    $ 765,991  $ (11,828 ) 
EUR    27,433,147  02/13/06 - 03/27/06    32,270,749    33,439,926    (1,169,177 ) 
GBP    4,494,780  03/30/06    8,019,631    8,018,414    1,217  
MXN    17,552,563  02/27/06      1,666,989    1,676,987    (9,998 ) 
NZD    9,393,043  02/07/06    6,633,735    6,435,273    198,462  
        $ 49,345,267  $ 50,336,591  $ (991,324 ) 
Purchases                   
AUD    804,032  02/06/06 - 02/07/06  $ 603,919  $ 608,105  $ 4,186  
CAD    441,690  03/20/06    381,112    387,256    6,144  
DKK    167,499  03/13/06    27,324    27,384    60  
EUR    4,730,531  02/13/06 - 03/20/06    5,717,650    5,769,825    52,175  
MXN    7,630,943  02/27/06    729,318    729,067    (251 ) 
NOK    11,498,924  03/13/06    1,738,876    1,734,728    (4,148 ) 
NZD    1,645,403  02/07/06    1,120,520    1,127,283    6,763  
        $ 10,318,719  $ 10,383,648  $ 64,929  

At January 31, 2006, forward foreign currency purchases and sales under master netting agreements excluded above
amounted to a net payable of $165,675 with Merrill Lynch International.

Futures Contracts           
        Unrealized   
      Expiration  Appreciation   
  Contracts  Value  Date  (Depreciation)   

U.S. Treasury Note 5 yr (Short)  11  $ 1,100,000  Mar-06  $ 993   

          10 

Credit Default Swaps       
          Unrealized  
    Notional Principal 
  Amount of Contract 
    Appreciation  
Expiration  Description    (Depreciation)  

12/20/12  $  1,290,000      Agreement between the fund and  $  (1,330 ) 
      Merrill Lynch Capital Services to exchange     
      the credit risk of Bear Stearns Co., Inc. As a   
      buyer of protection, the fund agrees     
      to pay Merrill Lynch quarterly at a fixed     
      annual rate of 0.30% of the notional amount   
      of $1,290,000 until maturity on December 20, 2012.  
      If Bear Stearns Co., Inc. experiences one of the   
      following credit events: bankruptcy, failure to   
      pay, or a restructuring, the fund would     
      then purchase $1,290,000 par of Bear Stearns Co., Inc.  
      bonds at the post credit event market price, and   
      then deliver those bonds to Merrill Lynch, who   
      in turn would deliver $1,290,000 in cash to the fund.  
           

At January 31, 2006, the fund had sufficient cash and/or securities to cover any commitments under these contracts.

(3) Country Weightings

Country weighting percentages of portfolio holdings based on total net assets as of January 31, 2006, are as follows:

United States  65.6%
Germany  4.2% 
Russia  2.9% 
Great Britain  2.7% 
Mexico  2.5% 
Ireland  2.2% 
Netherlands  2.2% 
France  2.1% 
Spain  1.6% 
Other  14.0% 

MFS Investment Management®
MFS® investment products are offered through MFS Fund Distributors, Inc., 500 Boylston Street, Boston, MA 02116.

11

ITEM 2.  CONTROLS AND PROCEDURES.
 
(a)   Based upon their evaluation 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. 

Notice
 
A copy of the Amended and Restated Declaration of Trust 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 VIII
 
By (Signature and Title)*  MARIA F. DWYER 

  Maria F. Dwyer, President 

Date:
March 24, 2006
 
 

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:
March 24, 2006
 
 
By (Signature and Title)*  TRACY ATKINSON 

  Tracy Atkinson, Treasurer (Principal Financial Officer and 
  Accounting Officer) 

Date:
March 24, 2006 
 

* Print name and title of each signing officer under his or her signature.