N-Q 1 d574091dnq.htm MFS INTERMEDIATE INCOME TRUST N-Q MFS INTERMEDIATE INCOME TRUST 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 811-5440

MFS INTERMEDIATE INCOME TRUST

(Exact name of registrant as specified in charter)

111 Huntington Avenue, Boston, Massachusetts 02199

(Address of principal executive offices) (Zip code)

Susan S. Newton

Massachusetts Financial Services Company

111 Huntington Avenue

Boston, Massachusetts 02199

(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: July 31, 2013

ITEM 1. SCHEDULE OF INVESTMENTS.

QUARTERLY REPORT

July 31, 2013

 

LOGO

 

MFS® INTERMEDIATE INCOME TRUST

 

LOGO

PORTFOLIO OF INVESTMENTS

7/31/13 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

 

Issuer    Shares/Par     Value ($)  
    
Bonds - 95.5%                 
Apparel Manufacturers - 0.2%                 
VF Corp., FRN, 1.024%, 2013    $ 1,350,000      $ 1,350,558   
Asset-Backed & Securitized - 3.8%                 
Anthracite Ltd., “A”, CDO, FRN, 0.551%, 2019 (z)    $ 525,023      $ 515,835   
ARI Fleet Lease Trust, “A”, FRN, 0.741%, 2020 (n)      347,697        348,075   
Chesapeake Funding LLC, “A”, FRN, 1.941%, 2021 (z)      238,082        238,589   
Chesapeake Funding LLC, “A”, FRN, 0.936%, 2023 (z)      3,348,420        3,358,622   
Commercial Mortgage Acceptance Corp., FRN, 1.894%, 2030 (i)      4,308,305        170,488   
Credit Suisse Commercial Mortgage Trust, “A4”, FRN, 5.761%, 2039      1,338,143        1,493,323   
Credit Suisse Mortgage Capital Certificate, FRN, 5.695%, 2040      2,000,000        2,231,346   
Falcon Franchise Loan LLC, FRN, 7.097%, 2023 (i)(z)      1,983,099        287,549   
Goldman Sachs Mortgage Securities Corp. II, 5.587%, 2038      2,090,353        2,177,324   
Hertz Vehicle Financing LLC, 2010-1A, “A1”, 2.6%, 2015 (n)      630,000        634,019   
HLSS Servicer Advance Receivables Trust, 2013-T1, “A2”, 1.495%, 2046 (n)      2,080,000        2,063,984   
JPMorgan Chase Commercial Mortgage Securities Corp., 5.42%, 2049      2,065,000        2,293,195   
JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.475%, 2043      2,880,827        3,144,417   
Kingsland III Ltd., “A1”, CDO, FRN, 0.488%, 2021 (z)      1,548,166        1,522,285   
Lehman Brothers/UBS Commercial Mortgage Trust, 5.642%, 2032      1,127,190        1,160,930   
Smart Trust, “A2B”, FRN, 0.434%, 2015      2,500,000        2,494,124   
Wachovia Bank Commercial Mortgage Trust, 5.418%, 2045      1,830,957        1,968,434   
    

 

 

  
             $ 26,102,539   
Automotive - 3.5%                 
American Honda Finance Corp., 1.6%, 2018 (n)    $ 3,000,000      $ 2,946,825   
American Honda Finance Corp., FRN, 0.647%, 2016 (z)      2,000,000        1,999,172   
Daimler Finance North America LLC, 1.875%, 2018 (n)      3,640,000        3,599,199   
Daimler Finance North America LLC, FRN, 1.472%, 2013 (n)      2,450,000        2,452,516   
Ford Motor Credit Co. LLC, 4.207%, 2016      1,970,000        2,076,246   
Harley-Davidson Financial Services, 3.875%, 2016 (n)      2,880,000        3,055,568   
Toyota Motor Credit Corp., 3.2%, 2015      2,740,000        2,868,947   
Volkswagen International Finance N.V., FRN, 1.021%, 2014 (n)      2,740,000        2,749,015   
Volkswagen International Finance N.V., FRN, 0.874%, 2014 (n)      2,030,000        2,037,085   
    

 

 

  
             $ 23,784,573   
Banks & Diversified Financials (Covered Bonds) - 1.0%                 
Australia & New Zealand Banking Group, FRN, 0.88%, 2015 (n)    $ 1,150,000      $ 1,159,215   
BNP Paribas Home Loan, 2.2%, 2015 (n)      2,640,000        2,706,000   
Hypothekenbank Fra Lux, 5.125%, 2016      3,140,000        3,307,048   
    

 

 

  
             $ 7,172,263   
Broadcasting - 0.9%                 
CBS Corp., 5.75%, 2020    $ 940,000      $ 1,062,606   
CBS Corp., 3.375%, 2022      2,190,000        2,112,551   
Vivendi S.A., 4.75%, 2022 (n)      2,420,000        2,446,760   
WPP Finance, 8%, 2014      812,000        872,662   
    

 

 

  
             $ 6,494,579   
Brokerage & Asset Managers - 1.0%                 
Blackstone Holdings Finance Co. LLC, 4.75%, 2023 (n)    $ 2,160,000      $ 2,270,959   
Franklin Resources, Inc., 1.375%, 2017      588,000        578,568   
Invesco Finance PLC, 3.125%, 2022      1,876,000        1,747,426   
TD Ameritrade Holding Co., 4.15%, 2014      2,007,000        2,096,625   
    

 

 

  
             $ 6,693,578   

 

1

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Building - 0.4%                 
CRH PLC, 8.125%, 2018    $ 1,160,000      $ 1,405,647   
Owens Corning, Inc., 4.2%, 2022      1,144,000        1,118,536   
    

 

 

  
             $ 2,524,183   
Business Services - 0.0%                 
Cielo S.A., 3.75%, 2022 (n)    $ 200,000      $ 175,000   
Cable TV - 1.5%                 
Cox Communications, Inc., 3.25%, 2022 (n)    $ 2,925,000      $ 2,672,596   
DIRECTV Holdings LLC, 5.875%, 2019      1,400,000        1,583,347   
Myriad International Holdings B.V., 6.375%, 2017 (n)      454,000        489,730   
NBCUniversal Enterprise, Inc., 1.974%, 2019 (n)      2,831,000        2,763,970   
Time Warner Cable, Inc., 4%, 2021      2,770,000        2,633,162   
    

 

 

  
             $ 10,142,805   
Chemicals - 0.8%                 
Dow Chemical Co., 8.55%, 2019    $ 3,190,000      $ 4,104,681   
Sociedad Quimica y Minera de Chile S.A., 6.125%, 2016      1,463,000        1,573,285   
    

 

 

  
             $ 5,677,966   
Computer Software - 0.3%                 
Adobe Systems, Inc., 3.25%, 2015    $ 1,950,000      $ 2,017,653   
Computer Software - Systems - 0.3%                 
Apple, Inc., FRN, 0.515%, 2018    $ 2,390,000      $ 2,387,763   
Conglomerates - 0.4%                 
ABB Treasury Center USA, Inc., 2.5%, 2016 (n)    $ 655,000      $ 678,015   
Votorantim Participacoes S.A., 6.75%, 2021 (n)      2,063,000        2,207,410   
    

 

 

  
             $ 2,885,425   
Consumer Products - 1.0%                 
Avon Products, Inc., 2.375%, 2016    $ 730,000      $ 737,935   
LVMH Moet Hennessy Louis Vuitton S.A., 1.625%, 2017 (n)      1,860,000        1,843,818   
Newell Rubbermaid, Inc., 2%, 2015      2,000,000        2,030,872   
Newell Rubbermaid, Inc., 4.7%, 2020      1,280,000        1,368,097   
Tupperware Brands Corp., 4.75%, 2021      979,000        998,116   
    

 

 

  
             $ 6,978,838   
Consumer Services - 0.2%                 
Experian Finance PLC, 2.375%, 2017 (n)    $ 1,154,000      $ 1,142,356   
Defense Electronics - 0.2%                 
BAE Systems Holdings, Inc., 6.375%, 2019 (n)    $ 1,400,000      $ 1,615,747   
Electrical Equipment - 0.4%                 
Arrow Electronics, Inc., 3%, 2018    $ 742,000      $ 742,895   
Ericsson, Inc., 4.125%, 2022      2,190,000        2,167,899   
    

 

 

  
             $ 2,910,794   
Emerging Market Quasi-Sovereign - 5.3%                 
Banco do Brasil (Cayman Branch), 6%, 2020 (n)    $ 1,430,000      $ 1,533,675   
Banco do Brasil S.A., 3.875%, 2022      200,000        176,500   
Banco do Nordeste do Brasil (BNB), 3.625%, 2015 (n)      992,000        1,006,880   
BNDES Participacoes S.A., 6.5%, 2019 (n)      3,267,000        3,593,700   

 

2

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Emerging Market Quasi-Sovereign - continued                 
BNDES Participacoes S.A., 5.5%, 2020 (n)    $ 138,000      $ 143,865   
Caixa Economica Federal, 3.5%, 2022 (n)      151,000        126,085   
CNOOC Finance (2012) Ltd., 3.875%, 2022 (n)      224,000        220,750   
CNPC (HK) Overseas Capital Ltd., 4.5%, 2021 (n)      1,090,000        1,122,707   
Corporacion Financiera de Desarrollo S.A., 4.75%, 2022 (n)      228,000        227,430   
Corporacion Nacional del Cobre de Chile, 4.75%, 2014 (n)      1,312,000        1,363,714   
Corporacion Nacional del Cobre de Chile, 3.75%, 2020 (n)      840,000        836,624   
Empresa Nacional del Petroleo, 6.25%, 2019      723,000        786,520   
Gaz Capital S.A., 3.85%, 2020 (n)      2,073,000        1,964,168   
Gaz Capital S.A., 5.999%, 2021 (n)      2,578,000        2,711,747   
Gazprom Neft, 4.375%, 2022 (n)      508,000        470,002   
Korea Gas Corp., 2.25%, 2017 (n)      1,630,000        1,610,342   
Petrobras International Finance Co., 5.375%, 2021      2,479,000        2,468,675   
Petroleos Mexicanos, 6%, 2020      2,970,000        3,318,975   
Petronas Capital Ltd., 7.875%, 2022      1,089,000        1,399,892   
Ras Laffan Liquefied Natural Gas Co. Ltd., 6.75%, 2019 (n)      1,584,000        1,868,328   
Rosneft, 3.149%, 2017 (n)      1,273,000        1,258,679   
Rosneft, 4.199%, 2022 (n)      2,118,000        1,953,855   
Sinopec Capital (2013) Ltd., 3.125%, 2023 (n)      1,466,000        1,321,216   
Sinopec Capital (2013) Ltd., 4.25%, 2043 (n)      1,207,000        1,017,547   
Sinopec Group Overseas Development (2012) Ltd., 3.9%, 2022 (n)      303,000        296,730   
State Grid International Development Co. Ltd., 1.75%, 2018 (z)      1,330,000        1,282,737   
Transnet SOC Ltd., 4.5%, 2016 (n)      212,000        218,890   
VTB Capital S.A., 6.465%, 2015 (n)      857,000        908,420   
VTB Capital S.A., 6%, 2017 (n)      830,000        869,425   
    

 

 

  
             $ 36,078,078   
Emerging Market Sovereign - 1.0%                 
Republic of Peru, 9.875%, 2015    $ 485,000      $ 545,383   
Republic of Poland, 5%, 2022      772,000        827,970   
Republic of Slovakia, 4.375%, 2022 (n)      2,960,000        3,012,688   
Russian Federation, 4.5%, 2022 (n)      400,000        412,000   
United Mexican States, 3.625%, 2022      1,754,000        1,736,460   
    

 

 

  
             $ 6,534,501   
Energy - Independent - 0.2%                 
Hess Corp., 8.125%, 2019    $ 1,230,000      $ 1,565,339   
Energy - Integrated - 2.6%                 
BG Energy Capital PLC, 2.875%, 2016 (n)    $ 2,320,000      $ 2,430,555   
BP Capital Markets PLC, 4.5%, 2020      853,000        925,472   
BP Capital Markets PLC, 4.742%, 2021      1,810,000        1,978,616   
Husky Energy, Inc., 5.9%, 2014      2,755,000        2,875,033   
LUKOIL International Finance B.V., 3.416%, 2018 (n)      1,619,000        1,595,039   
LUKOIL International Finance B.V., 4.563%, 2023 (n)      2,192,000        2,052,260   
Petro-Canada, 6.05%, 2018      904,000        1,057,802   
Petro-Canada Financial Partnership, 5%, 2014      2,140,000        2,249,536   
Total Capital International S.A., 1.5%, 2017      1,000,000        999,500   
TOTAL S.A., 3%, 2015      1,860,000        1,943,629   
    

 

 

  
             $ 18,107,442   
Financial Institutions - 1.2%                 
General Electric Capital Corp., 6%, 2019    $ 1,180,000      $ 1,375,251   
General Electric Capital Corp., 3.15%, 2022      2,000,000        1,890,014   
General Electric Capital Corp., 3.1%, 2023      1,102,000        1,036,042   
LeasePlan Corp. N.V., 3%, 2017 (n)      1,970,000        1,972,364   

 

3

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Financial Institutions - continued                 
LeasePlan Corp. N.V., 2.5%, 2018 (z)    $ 466,000      $ 451,811   
NYSE Euronext, 2%, 2017      1,558,000        1,556,668   
    

 

 

  
             $ 8,282,150   
Food & Beverages - 3.1%                 
Anheuser-Busch InBev S.A., 7.75%, 2019    $ 2,780,000      $ 3,523,208   
BRF S.A., 3.95%, 2023 (n)      2,115,000        1,818,900   
Cadbury Schweppes U.S. Finance, 5.125%, 2013      1,590,000        1,600,845   
Campbell Soup Co., 2.5%, 2022      1,148,000        1,050,622   
Conagra Foods, Inc., 5.875%, 2014      2,240,000        2,320,156   
Conagra Foods, Inc., 1.3%, 2016      1,680,000        1,684,748   
Diageo Capital PLC, 7.375%, 2014      2,200,000        2,266,660   
Diageo Capital PLC, 1.5%, 2017      1,530,000        1,523,237   
Grupo Bimbo S.A.B. de C.V., 4.5%, 2022 (n)      290,000        298,369   
Kraft Foods Group, Inc., 6.125%, 2018      1,310,000        1,542,038   
Mead Johnson Nutrition Co., “A”, 4.9%, 2019      611,000        678,369   
Mondelez International, Inc., 6.75%, 2014      1,390,000        1,432,925   
Tyson Foods, Inc., 4.5%, 2022      1,447,000        1,489,341   
    

 

 

  
             $ 21,229,418   
Food & Drug Stores - 0.2%                 
CVS Caremark Corp., 3.25%, 2015    $ 1,096,000      $ 1,143,140   
Forest & Paper Products - 0.3%                 
Georgia-Pacific LLC, 3.734%, 2023 (n)    $ 2,312,000      $ 2,270,504   
Gaming & Lodging - 0.3%                 
Hyatt Hotels Corp., 3.375%, 2023    $ 693,000      $ 648,259   
Wyndham Worldwide Corp., 2.95%, 2017      1,686,000        1,719,627   
    

 

 

  
             $ 2,367,886   
Industrial - 0.8%                 
Johns Hopkins University, 5.25%, 2019    $ 2,175,000      $ 2,496,139   
Princeton University, 4.95%, 2019      2,860,000        3,280,603   
    

 

 

  
             $ 5,776,742   
Insurance - 2.3%                 
American International Group, Inc., 3%, 2015    $ 3,680,000      $ 3,797,348   
American International Group, Inc., 5.85%, 2018      395,000        449,625   
ING U.S., Inc., 2.9%, 2018 (n)      1,141,000        1,138,053   
Lincoln National Corp., 4.3%, 2015      1,360,000        1,442,045   
MetLife, Inc., 1.756%, 2017      575,000        569,600   
Metropolitan Life Global Funding I, 5.125%, 2014 (n)      1,020,000        1,059,912   
Principal Financial Group, Inc., 8.875%, 2019      2,230,000        2,914,380   
Prudential Financial, Inc., 6.2%, 2015      2,210,000        2,371,096   
UnumProvident Corp., 6.85%, 2015 (n)      1,740,000        1,932,740   
    

 

 

  
             $ 15,674,799   
Insurance - Health - 0.2%                 
Wellpoint, Inc., 1.25%, 2015    $ 1,220,000      $ 1,228,623   
Insurance - Property & Casualty - 2.1%                 
ACE Ltd., 2.6%, 2015    $ 2,000,000      $ 2,083,786   
Aon Corp., 3.5%, 2015      2,750,000        2,886,463   
AXIS Capital Holdings Ltd., 5.875%, 2020      1,610,000        1,787,232   

 

4

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Insurance - Property & Casualty - continued                 
Liberty Mutual Group, Inc., 4.95%, 2022 (n)    $ 2,197,000      $ 2,276,749   
PartnerRe Ltd., 5.5%, 2020      2,120,000        2,335,576   
ZFS Finance USA Trust V, FRN, 6.5% to 2017, FRN to 2067 (n)      3,000,000        3,195,000   
    

 

 

  
             $ 14,564,806   
International Market Quasi-Sovereign - 2.8%                 
Bank Nederlandse Gemeenten N.V., 1.375%, 2018 (n)    $ 1,746,000      $ 1,716,943   
Eksportfinans A.S.A., 1.6%, 2014    JPY 350,000,000        3,535,654   
Electricite de France PLC, 5.5%, 2014 (n)    $ 3,475,000        3,553,049   
Societe Financement de l’ Economie Francaise, 3.375%, 2014 (n)      2,315,000        2,367,115   
Statoil A.S.A., 1.8%, 2016      1,420,000        1,460,257   
Statoil A.S.A., FRN, 0.565%, 2018      2,887,000        2,892,459   
Swedish Export Credit Corp., FRN, 1.025%, 2014      3,300,000        3,324,800   
    

 

 

  
             $ 18,850,277   
International Market Sovereign - 12.2%                 
Commonwealth of Australia, 5.75%, 2021    AUD  916,000      $ 947,540   
Federal Republic of Germany, 4.25%, 2018    EUR  2,608,000        4,070,132   
Government of Canada, 4.5%, 2015    CAD  1,980,000        2,044,021   
Government of Canada, 4.25%, 2018    CAD  1,532,000        1,658,993   
Government of Canada, 5.75%, 2033    CAD  358,000        494,323   
Government of Japan, 1.1%, 2020    JPY 800,000,000        8,497,003   
Government of Japan, 0.8%, 2023    JPY 340,000,000        3,472,379   
Kingdom of Belgium, 5.5%, 2017    EUR  2,494,000        3,921,118   
Kingdom of Denmark, 3%, 2021    DKK  5,323,000        1,060,563   
Kingdom of Spain, 4.6%, 2019    EUR  4,110,000        5,718,597   
Kingdom of Sweden, 5%, 2020    SEK  3,830,000        711,053   
Kingdom of the Netherlands, 4%, 2016    EUR  2,000,000        2,936,561   
Republic of Austria, 4.65%, 2018    EUR  4,138,000        6,410,007   
Republic of France, 5%, 2016    EUR  9,214,000        13,976,393   
Republic of Iceland, 4.875%, 2016 (n)    $ 2,179,000        2,282,503   
Republic of Iceland, 5.875%, 2022 (n)      336,000        348,600   
Republic of Ireland, 4.5%, 2020    EUR  412,000        577,866   
Republic of Italy, 5.25%, 2017    EUR  11,388,000        16,423,868   
Republic of Italy, 3.75%, 2021    EUR  550,000        730,929   
State of Israel, 4%, 2022    $ 1,882,000        1,966,690   
United Kingdom Treasury, 8%, 2021    GBP  2,500,000        5,464,826   
    

 

 

  
             $ 83,713,965   
Internet - 0.2%                 
Baidu, Inc., 3.25%, 2018    $ 1,709,000      $ 1,711,887   
Local Authorities - 1.2%                 
Louisiana Gas & Fuels Tax Rev. (Build America Bonds), FRN, 3%, 2043    $ 2,780,000      $ 2,785,699   
Province of Ontario, 4.75%, 2016      3,000,000        3,288,900   
State of Illinois, 4.961%, 2016      1,795,000        1,906,667   
    

 

 

  
             $ 7,981,266   
Machinery & Tools - 0.1%                 
Atlas Copco AB, 5.6%, 2017 (n)    $ 510,000      $ 573,985   
Major Banks - 10.5%                 
ABN AMRO Bank N.V., 4.25%, 2017 (n)    $ 1,997,000      $ 2,133,275   
ABN AMRO Bank N.V., FRN, 2.035%, 2014 (n)      3,010,000        3,031,221   
Bank of America Corp., 7.375%, 2014      200,000        210,030   

 

5

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Major Banks - continued                 
Bank of America Corp., 1.5%, 2015    $ 1,780,000      $ 1,783,836   
Bank of America Corp., 6.5%, 2016      1,420,000        1,609,114   
Bank of America Corp., 3.3%, 2023      1,335,000        1,256,788   
Bank of America Corp., FRN, 1.092%, 2016      2,200,000        2,198,332   
Barclays Bank PLC, 5.125%, 2020      2,760,000        3,064,033   
Commonwealth Bank of Australia, 5%, 2019 (n)      2,560,000        2,868,173   
DBS Bank Ltd., 2.35%, 2017 (n)      2,430,000        2,465,762   
DNB Bank A.S.A., 3.2%, 2017 (z)      2,220,000        2,312,396   
Goldman Sachs Group, Inc., 5.75%, 2022      3,044,000        3,388,018   
Goldman Sachs Group, Inc., FRN, 1.465%, 2018      1,240,000        1,240,032   
HSBC Holdings PLC, 4%, 2022      1,839,000        1,877,643   
HSBC USA, Inc., 4.875%, 2020      3,370,000        3,623,886   
ING Bank N.V., FRN, 1.674%, 2014 (n)      4,650,000        4,690,404   
JPMorgan Chase & Co., 4.625%, 2021      2,890,000        3,100,427   
JPMorgan Chase & Co., FRN, 1.064%, 2014      1,300,000        1,304,758   
Kookmin Bank, 7.25%, 2014 (n)      2,100,000        2,195,829   
Macquarie Bank Ltd., 5%, 2017 (n)      918,000        989,512   
Macquarie Group Ltd., 6%, 2020 (n)      1,971,000        2,114,114   
Morgan Stanley, 6%, 2014      2,330,000        2,419,926   
Morgan Stanley, 6.625%, 2018      1,532,000        1,766,425   
Morgan Stanley, 5.625%, 2019      640,000        708,453   
Morgan Stanley, FRN, 1.522%, 2016      1,900,000        1,910,515   
National Australia Bank Ltd., 2%, 2015      2,920,000        2,981,066   
Nordea Bank AB, FRN, 0.735%, 2016 (z)      1,492,000        1,493,644   
Royal Bank of Scotland PLC, 2.55%, 2015      996,000        1,016,702   
Santander International Debt S.A., 2.991%, 2013 (n)      2,100,000        2,106,978   
Santander U.S. Debt S.A.U., 3.724%, 2015 (z)      1,000,000        1,015,846   
Standard Chartered PLC, 3.85%, 2015 (n)      2,320,000        2,424,957   
Wells Fargo & Co., 3.75%, 2014      2,900,000        3,002,663   
Wells Fargo & Co., 7.98% to 2018, FRN to 2049      1,190,000        1,335,775   
Westpac Banking Corp., 2%, 2017      2,320,000        2,335,122   
    

 

 

  
             $ 71,975,655   
Medical & Health Technology & Services - 0.8%                 
Covidien International Finance S.A., 1.35%, 2015    $ 2,000,000      $ 2,020,558   
Thermo Fisher Scientific, Inc., 2.25%, 2016      3,650,000        3,720,321   
    

 

 

  
             $ 5,740,879   
Metals & Mining - 1.3%                 
Barrick Gold Corp., 4.1%, 2023 (n)    $ 2,731,000      $ 2,322,737   
Freeport-McMoRan Copper & Gold, Inc., 2.375%, 2018 (n)      1,090,000        1,032,765   
Freeport-McMoRan Copper & Gold, Inc., 3.1%, 2020 (n)      1,740,000        1,595,590   
Glencore Funding LLC, FRN, 1.431%, 2016 (z)      1,690,000        1,646,920   
Vale Overseas Ltd., 5.625%, 2019      492,000        533,799   
Vale Overseas Ltd., 4.625%, 2020      1,561,000        1,554,545   
    

 

 

  
             $ 8,686,356   
Mortgage-Backed - 4.9%                 
Fannie Mae, 4.607%, 2014    $ 2,507,765      $ 2,517,641   
Fannie Mae, 4.826%, 2014      2,857,344        2,913,457   
Fannie Mae, 5.409%, 2014      1,649,302        1,688,792   
Fannie Mae, 4.62%, 2015      858,505        890,053   
Fannie Mae, 4.908%, 2015      827,177        866,955   
Fannie Mae, 5.395%, 2016      1,255,455        1,372,804   
Fannie Mae, 5.424%, 2016      2,159,967        2,379,552   

 

6

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Mortgage-Backed - continued                 
Fannie Mae, 6%, 2016    $ 178,815      $ 179,081   
Fannie Mae, 1.114%, 2017      2,370,000        2,349,597   
Fannie Mae, 5.5%, 2017 - 2025      1,808,478        1,945,536   
Fannie Mae, 4.5%, 2019      1,997,139        2,127,889   
Fannie Mae, 5%, 2019 - 2020      387,813        413,459   
Fannie Mae, 6.5%, 2031      1,842,768        2,085,261   
Freddie Mac, 3.882%, 2017      1,423,992        1,543,333   
Freddie Mac, 5.5%, 2017 - 2020      1,870,289        2,013,948   
Freddie Mac, 6%, 2017 - 2034      400,318        433,186   
Freddie Mac, 5%, 2019      1,155,184        1,225,031   
Freddie Mac, 4.224%, 2020      2,249,154        2,460,244   
Ginnie Mae, 6%, 2033      756,838        841,464   
Ginnie Mae, 6%, 2036 (f)      675,485        744,654   
Ginnie Mae, 6.357%, 2058      2,275,642        2,416,154   
    

 

 

  
             $ 33,408,091   
Municipals - 0.3%                 
Florida Hurricane Catastrophe Fund Finance Corp. Rev, “A”, 2.107%, 2018    $ 1,850,000      $ 1,783,141   
Natural Gas - Distribution - 0.4%                 
GDF Suez, 1.625%, 2017 (n)    $ 2,700,000      $ 2,663,577   
Natural Gas - Pipeline - 2.2%                 
DCP Midstream LLC, 3.875%, 2023    $ 1,907,000      $ 1,784,506   
Energy Transfer Partners LP, 8.5%, 2014      2,109,000        2,218,307   
Energy Transfer Partners LP, 3.6%, 2023      3,000,000        2,834,793   
Enterprise Products Operating LP, 3.7%, 2015      2,930,000        3,077,977   
Sunoco Logistics Partner LP, 3.45%, 2023      1,718,000        1,612,822   
TransCanada PipeLines Ltd., 3.4%, 2015      1,957,000        2,049,981   
TransCanada PipeLines Ltd., FRN, 0.953%, 2016      790,000        793,630   
Williams Cos., Inc., 3.7%, 2023      807,000        743,486   
    

 

 

  
             $ 15,115,502   
Network & Telecom - 0.1%                 
Verizon Communications, Inc., 8.75%, 2018    $ 689,000      $ 900,709   
Oil Services - 0.3%                 
Noble Corp., 3.45%, 2015    $ 1,030,000      $ 1,071,089   
Transocean, Inc., 2.5%, 2017      962,000        958,515   
    

 

 

  
             $ 2,029,604   
Other Banks & Diversified Financials - 6.3%                 
American Express Credit Corp., FRN, 1.374%, 2015    $ 3,970,000      $ 4,027,104   
Banco de Credito e Inversiones, 3%, 2017 (n)      200,000        197,020   
Bancolombia S.A., 5.125%, 2022      142,000        132,060   
Bangkok Bank (Hong Kong), 3.875%, 2022 (n)      204,000        198,045   
BB&T Corp., 2.05%, 2014      2,030,000        2,050,736   
Capital One Financial Corp., 2.15%, 2015      1,058,000        1,076,119   
Capital One Financial Corp., FRN, 0.906%, 2015      1,160,000        1,161,295   
Citigroup, Inc., 8.5%, 2019      1,960,000        2,500,615   
Groupe BPCE S.A., FRN, 12.5% to 2019, FRN to 2049 (n)      2,556,000        3,159,855   
Intesa Sanpaolo S.p.A., 3.875%, 2018      1,752,000        1,703,375   
Intesa Sanpaolo S.p.A., FRN, 2.673%, 2014 (n)      1,540,000        1,544,846   
Lloyds TSB Bank PLC, 5.8%, 2020 (n)      2,080,000        2,342,038   
National Bank of Canada, 1.5%, 2015      1,760,000        1,783,448   

 

7

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Other Banks & Diversified Financials - continued                 
Rabobank Nederland N.V., 3.375%, 2017    $ 1,757,000      $ 1,855,884   
Rabobank Nederland N.V., 3.95%, 2022      2,716,000        2,609,047   
Santander Holdings USA, Inc., 4.625%, 2016      450,000        478,185   
Santander UK PLC, 3.875%, 2014 (n)      3,440,000        3,545,058   
SunTrust Banks, Inc., 3.5%, 2017      2,237,000        2,349,854   
Svenska Handelsbanken AB, 4.875%, 2014 (n)      3,060,000        3,172,274   
Svenska Handelsbanken AB, FRN, 0.721%, 2016      1,250,000        1,253,279   
Swedbank AB, 2.125%, 2017 (n)      1,882,000        1,870,614   
Turkiye Is Bankasi A.S., 3.875%, 2017 (n)      201,000        192,960   
U.S. Bancorp, 2.95%, 2022      1,316,000        1,247,836   
Union Bank, FRN, 1.224%, 2014      2,500,000        2,513,583   
    

 

 

  
             $ 42,965,130   
Personal Computers & Peripherals - 0.3%                 
Equifax, Inc., 3.3%, 2022    $ 1,468,000      $ 1,381,422   
Motorola Solutions, Inc., 3.5%, 2023      499,000        471,188   
    

 

 

  
             $ 1,852,610   
Pharmaceuticals - 1.7%                 
Celgene Corp., 3.95%, 2020    $ 2,320,000      $ 2,385,310   
Hospira, Inc., 6.05%, 2017      1,060,000        1,133,429   
Mylan, Inc., 1.8%, 2016 (n)      770,000        769,012   
Pfizer, Inc., 6.2%, 2019      1,970,000        2,385,936   
Sanofi, 1.2%, 2014      1,550,000        1,565,162   
Teva Pharmaceutical Finance III, FRN, 1.166%, 2013      3,120,000        3,126,680   
    

 

 

  
             $ 11,365,529   
Pollution Control - 0.4%                 
Republic Services, Inc., 5.25%, 2021    $ 2,620,000      $ 2,865,439   
Printing & Publishing - 0.4%                 
Pearson Funding Five PLC, 3.25%, 2023 (z)    $ 1,125,000      $ 1,038,122   
Pearson Funding Four PLC, 3.75%, 2022 (n)      1,458,000        1,418,259   
    

 

 

  
             $ 2,456,381   
Real Estate - 1.5%                 
Boston Properties LP, REIT, 3.7%, 2018    $ 1,476,000      $ 1,561,968   
DDR Corp., REIT, 3.375%, 2023      2,880,000        2,670,526   
ERP Operating LP, REIT, 3%, 2023      1,935,000        1,796,456   
Health Care, Inc., REIT, 2.25%, 2018      828,000        817,546   
Kimco Realty Corp., REIT, 6.875%, 2019      690,000        839,606   
WEA Finance LLC, 6.75%, 2019 (n)      2,290,000        2,724,223   
    

 

 

  
             $ 10,410,325   
Retailers - 1.3%                 
AutoZone, Inc., 6.5%, 2014    $ 2,660,000      $ 2,727,128   
Kohl’s Corp., 3.25%, 2023      2,282,000        2,123,392   
Macy’s, Inc., 7.875%, 2015      2,670,000        3,014,318   
Wesfarmers Ltd., 1.874%, 2018 (n)      1,119,000        1,096,228   
    

 

 

  
             $ 8,961,066   
Specialty Chemicals - 0.3%                 
Airgas, Inc., 2.95%, 2016    $ 1,900,000      $ 1,976,549   
Supermarkets - 0.2%                 
Kroger Co., 3.85%, 2023    $ 1,489,000      $ 1,478,814   

 

8

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Bonds - continued                 
Supranational - 0.4%                 
Corporacion Andina de Fomento, 4.375%, 2022    $ 2,950,000      $ 2,980,488   
Telecommunications - Wireless - 1.6%                 
America Movil S.A.B. de C.V., 2.375%, 2016    $ 1,007,000      $ 1,033,651   
American Tower Trust I, REIT, 1.551%, 2018 (n)      1,540,000        1,498,673   
Crown Castle Towers LLC, 6.113%, 2020 (n)      2,934,000        3,331,563   
Rogers Communications, Inc., 6.8%, 2018      1,490,000        1,799,443   
Vodafone Group PLC, 5%, 2013      3,000,000        3,048,699   
    

 

 

  
             $ 10,712,029   
Tobacco - 1.5%                 
Altria Group, Inc., 8.5%, 2013    $ 2,700,000      $ 2,755,914   
B.A.T. International Finance PLC, 8.125%, 2013 (n)      2,250,000        2,294,530   
Lorillard Tobacco Co., 8.125%, 2019      1,316,000        1,606,385   
Lorillard Tobacco Co., 6.875%, 2020      1,340,000        1,544,697   
Reynolds American, Inc., 7.625%, 2016      1,580,000        1,843,253   
    

 

 

  
             $ 10,044,779   
Transportation - Services - 0.2%                 
ERAC USA Finance Co., 2.75%, 2017 (n)    $ 1,247,000      $ 1,271,921   
U.S. Government Agencies and Equivalents - 1.7%                 
Aid-Egypt, 4.45%, 2015    $ 3,963,000      $ 4,290,526   
National Credit Union Administration Guaranteed Note, 2.9%, 2020      520,000        540,008   
Small Business Administration, 6.35%, 2021      757,176        834,863   
Small Business Administration, 6.34%, 2021      453,713        498,331   
Small Business Administration, 6.44%, 2021      445,461        493,118   
Small Business Administration, 6.625%, 2021      520,424        578,430   
Small Business Administration, 5.34%, 2021      1,356,262        1,478,769   
Small Business Administration, 4.93%, 2024      762,218        816,681   
Small Business Administration, 5.36%, 2025      1,139,189        1,241,048   
Small Business Administration, 5.39%, 2025      763,596        847,869   
    

 

 

  
             $ 11,619,643   
U.S. Treasury Obligations - 0.0%                 
U.S. Treasury Notes, 10.625%, 2015    $ 30,000      $ 36,270   
Utilities - Electric Power - 4.9%                 
Dominion Resources, Inc., 1.95%, 2016    $ 2,660,000      $ 2,719,494   
Duke Energy Corp., 3.35%, 2015      3,280,000        3,417,875   
E.ON International Finance B.V., 5.8%, 2018 (n)      3,000,000        3,470,040   
Enel Finance International S.A., 6.25%, 2017 (n)      2,240,000        2,456,675   
Exelon Generation Co. LLC, 5.35%, 2014      2,300,000        2,347,605   
Exelon Generation Co. LLC, 5.2%, 2019      1,340,000        1,482,198   
Exelon Generation Co., LLC, 4.25%, 2022      509,000        511,470   
Georgia Power Co., 6%, 2013      1,350,000        1,367,601   
Iberdrola Finance Ireland Ltd., 3.8%, 2014 (n)      3,950,000        4,054,754   
NextEra Energy Capital Co., 1.2%, 2015      245,000        246,330   
Oncor Electric Delivery Co., 4.1%, 2022      2,206,000        2,308,484   
Pacific Gas & Electric Co., 3.25%, 2023      2,096,000        2,057,142   
PPL WEM Holdings PLC, 3.9%, 2016 (n)      2,800,000        2,945,205   
Progress Energy, Inc., 3.15%, 2022      3,318,000        3,221,357   
Transelec S.A., 4.625%, 2023 (z)      927,000        917,052   
    

 

 

  
             $ 33,523,282   
Total Bonds            $ 654,535,197   

 

9

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
    
Money Market Funds - 3.4%                 
MFS Institutional Money Market Portfolio, 0.08%, at Net Asset Value (v)      23,375,790      $ 23,375,790   
Total Investments            $ 677,910,987   
Other Assets, Less Liabilities - 1.1%              7,421,139   
Net Assets - 100.0%            $ 685,332,126   

 

(f) All or a portion of the security has been segregated as collateral for open futures contracts.
(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 $181,198,656 representing 26.4% of net assets.
(v) Underlying affiliated fund 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  
American Honda Finance Corp., FRN, 0.647%, 2016    5/22/13      $2,000,000         $1,999,172   
Anthracite Ltd., “A”, CDO, FRN, 0.551%, 2019    1/28/10      419,895         515,835   
Chesapeake Funding LLC, “A”, FRN, 1.941%, 2021    8/09/12      240,318         238,589   
Chesapeake Funding LLC, “A”, FRN, 0.936%, 2023    5/10/12      3,348,420         3,358,622   
DNB Bank A.S.A., 3.2%, 2017    5/15/13      2,354,137         2,312,396   
Falcon Franchise Loan LLC, FRN, 7.097%, 2023    1/18/02      58,513         287,549   
Glencore Funding LLC, FRN, 1.431%, 2016    5/22/13      1,690,000         1,646,920   
Kingsland III Ltd., “A1”, CDO, FRN, 0.488%, 2021    6/14/13      1,526,555         1,522,285   
LeasePlan Corp. N.V., 2.5%, 2018    5/07/13      463,914         451,811   
Nordea Bank AB, FRN, 0.735%, 2016    5/07/13      1,492,000         1,493,644   
Pearson Funding Five PLC, 3.25%, 2023    5/01/13      1,123,599         1,038,122   
Santander U.S. Debt S.A.U., 3.724%, 2015    3/26/13      1,011,771         1,015,846   
State Grid International Development Co. Ltd., 1.75%, 2018    5/15/13      1,327,989         1,282,737   
Transelec S.A., 4.625%, 2023    7/23/13-7/24/13      921,223         917,052   
Total Restricted Securities            $18,080,580   
% of Net assets            2.6%   

The following abbreviations are used in this report and are defined:

 

CDO   Collateralized Debt Obligation
FRN   Floating Rate Note. Interest rate resets periodically and may not be the rate reported at period end.
PLC   Public Limited Company
REIT   Real Estate Investment Trust

Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below:

 

AUD   Australian Dollar
CAD   Canadian Dollar
DKK   Danish Krone
EUR   Euro
GBP   British Pound
JPY   Japanese Yen
SEK   Swedish Krona

 

10

Portfolio of Investments (unaudited) – continued

 

Forward Foreign Currency Exchange Contracts at 7/31/13

 

Type    Currency      Counterparty    Contracts to
Deliver/Receive		    Settlement
Date Range		    In Exchange
For		      Contracts
at Value		      Net Unrealized
Appreciation
(Depreciation)		  
Asset Derivatives                     
SELL      AUD       Westpac Banking Corp.    1,046,933    10/18/13    $ 957,986       $ 936,207       $ 21,779   
BUY      EUR       Deutsche Bank AG    4,082,962    10/18/13      5,242,115         5,433,248         191,133   
BUY      EUR       JPMorgan Chase Bank N.A.    4,082,962    10/18/13      5,242,115         5,433,248         191,133   
SELL      EUR       Barclays Bank PLC    24,603,977    9/18/13      32,788,490         32,737,122         51,368   
SELL      EUR       UBS AG    24,603,977    9/18/13      32,789,720         32,737,122         52,598   
                    

 

 

  
                     $ 508,011   
                    

 

 

  
Liability Derivatives                     
SELL      CAD       Merrill Lynch International Bank    4,330,670    10/18/13    $ 4,106,575       $ 4,208,444       $ (101,869 ) 
SELL      DKK       Goldman Sachs International    5,910,342    10/18/13      1,033,690         1,055,508         (21,818 ) 
SELL      GBP       Credit Suisse Group    2,215,074    10/18/13      3,307,327         3,368,020         (60,693 ) 
SELL      GBP       Merrill Lynch International Bank    2,215,074    10/18/13      3,306,375         3,368,020         (61,645 ) 
SELL      JPY       Merrill Lynch International Bank    1,490,786,595    10/18/13      15,035,366         15,232,249         (196,883 ) 
SELL      SEK       Goldman Sachs International    3,826,086    10/18/13      569,016         585,998         (16,982 ) 
                    

 

 

  
                     $ (459,890 ) 
                    

 

 

  

Futures Contracts Outstanding at 7/31/13

 

Description    Currency      Contracts      Value    Expiration Date   

Unrealized

Appreciation

(Depreciation)

  
Liability Derivatives               
Interest Rate Futures               
U.S. Treasury Note 10 yr (Short)      USD         15       $1,896,563    September - 2013      $(44,596 ) 
              

 

 

  

At July 31, 2013, the fund had liquid securities with an aggregate value of $27,075 to cover any commitments for certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

 

11

Supplemental Information

7/31/13 (unaudited)

(1) Investment Valuations

Debt instruments and floating rate loans (other than short-term instruments), including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less generally are valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price as provided by a third-party pricing service on the market on which they are primarily traded. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation as provided by a third-party pricing service on the market on which such futures contracts are primarily traded. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Open-end investment companies are generally valued at net asset value per share. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. Values obtained from third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

The Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments (including any fair valuation) to the adviser pursuant to valuation policies and procedures approved by the Board. If the adviser determines that reliable market quotations are not readily available, investments are valued at fair value as determined in good faith by the adviser in accordance with such procedures under the oversight of the Board of Trustees. Under the fund’s valuation policies and procedures, market quotations are not considered to be readily available for most types of debt instruments and floating rate loans and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services. In addition, investments may be valued at fair value if the adviser determines that an investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund’s net asset value, or after the halting of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund’s net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund’s net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund’s assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes unobservable inputs, which may include the adviser’s own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments not reflected in total investments, such as futures contracts and forward foreign currency exchange contracts. The following is a summary of the levels used as of July 31, 2013 in valuing the fund’s assets or liabilities:

 

Investments at Value    Level 1      Level 2      Level 3      Total  
U.S. Treasury Bonds & U.S. Government Agency & Equivalents      $—         $11,655,913         $—         $11,655,913   
Non-U.S. Sovereign Debt      —         148,157,309         —         148,157,309   
Municipal Bonds      —         1,783,141         —         1,783,141   
U.S. Corporate Bonds      —         249,420,527         —         249,420,527   
Residential Mortgage-Backed Securities      —         33,408,091         —         33,408,091   
Commercial Mortgage-Backed Securities      —         14,927,006         —         14,927,006   
Asset-Backed Securities (including CDOs)      —         11,175,533         —         11,175,533   
Foreign Bonds      —         184,007,677         —         184,007,677   
Mutual Funds      23,375,790         —         —         23,375,790   
Total Investments      $23,375,790         $654,535,197         $—         $677,910,987   
Other Financial Instruments                            
Futures Contracts      $44,596         $—         $—         $44,596   
Forward Foreign Currency Exchange Contracts      —         48,121         —         48,121   

For further information regarding security characteristics, see the Portfolio of Investments.

 

12

Supplemental Information (unaudited) – continued

 

(2) Portfolio Securities

The cost and unrealized appreciation and depreciation in the value of the investments owned by the fund, as computed on a federal income tax basis, are as follows:

 

Aggregate cost      $661,562,648   
Gross unrealized appreciation      26,741,055   
Gross unrealized depreciation      (10,392,716 ) 
Net unrealized appreciation (depreciation)      $16,348,339   

The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.

(3) Transactions in Underlying Affiliated Funds – Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the fund assumes the following to be an affiliated issuer:

 

Underlying Affiliated Fund   

Beginning

Shares/Par

Amount

     

Acquisitions

Shares/Par

Amount

     

Dispositions

Shares/Par

Amount

     

Ending

Shares/Par

Amount

  
MFS Institutional Money Market Portfolio      3,472,254         163,237,110         (143,333,574 )       23,375,790   
Underlying Affiliated Fund   

Realized

Gain (Loss)

     

Capital Gain

Distributions

     

Dividend

Income

     

Ending

Value

  
MFS Institutional Money Market Portfolio      $—         $—         $12,319         $23,375,790   

(4) Issuer Country Weightings

Issuer country weighting percentages of portfolio holdings based on net assets, as of July 31, 2013, are as follows:

 

United States     50.7%   
United Kingdom     5.9%   
France     5.5%   
Italy     3.4%   
Netherlands     3.3%   
Canada     3.3%   
Germany     3.2%   
Australia     2.9%   
Japan     2.9%   
Other Countries     18.9%   

The issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable.

 

13

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.

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 INTERMEDIATE INCOME TRUST

 

By (Signature and Title)*    JOHN M. CORCORAN
  John M. Corcoran, President

Date: September 16, 2013

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)*    JOHN M. CORCORAN
  John M. Corcoran, President (Principal Executive Officer)

Date: September 16, 2013

 

By (Signature and Title)*    DAVID L. DILORENZO
  David L. DiLorenzo, Treasurer (Principal Financial Officer and Accounting Officer)

Date: September 16, 2013

 

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