Edgar Filing: MFS CHARTER INCOME TRUST

MFS CHARTER 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 811-5822

MFS CHARTER INCOME TRUST

(Exact name of registrant as specified in charter)

111 Huntington Avenue, Boston, Massachusetts 02199

(Address of principal executive offices) (Zip code)

Kristin V. Collins

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: November 30

Date of reporting period: August 31, 2015

ITEM 1.

SCHEDULE OF INVESTMENTS.

QUARTERLY REPORT

August 31, 2015

LOGO

MFS® CHARTER INCOME TRUST

LOGO

PORTFOLIO OF INVESTMENTS

8/31/15 (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 - 111.4%
Aerospace - 1.5%
Aerojet Rocketdyne Holdings, Inc., 7.125%, 3/15/21	$	1,805,000	$	1,899,763
Bombardier, Inc., 7.75%, 3/15/20 (n)		123,000		102,705
Bombardier, Inc., 6.125%, 1/15/23 (n)		1,260,000		938,700
Bombardier, Inc., 7.5%, 3/15/25 (n)		560,000		424,200
CPI International, Inc., 8.75%, 2/15/18		1,495,000		1,506,213
Huntington Ingalls Industries, Inc., 7.125%, 3/15/21		1,805,000		1,911,044
TransDigm, Inc., 6%, 7/15/22		275,000		270,916
TransDigm, Inc., 6.5%, 7/15/24		705,000		689,138

			$	7,742,679
Airlines - 0.0%
Ryanair Ltd., 1.125%, 3/10/23	EUR	175,000	$	186,964

Apparel Manufacturers - 0.4%
Hanesbrands, Inc., 6.375%, 12/15/20	$	755,000	$	786,144
PVH Corp., 4.5%, 12/15/22		1,375,000		1,371,563

			$	2,157,707
Asset-Backed & Securitized - 4.1%
Banc of America Commercial Mortgage, Inc., FRN, 5.934%, 2/10/51	$	1,045,008	$	1,113,371
Bayview Financial Acquisition Trust, FRN, 5.483%, 2/28/41 (d)(q)		34,453		36,124
Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.798%, 12/28/40 (z)		640,424		400,403
Citigroup/Deutsche Bank Commercial Mortgage Trust, FRN, 5.366%, 12/11/49		1,605,000		1,661,008
Commercial Mortgage Pass-Through Certificates, FRN, 5.95%, 6/10/46		230,000		235,317
Commercial Mortgage Trust, 2015-DC1, “A5”, 3.35%, 2/10/48		500,000		499,571
Countrywide Asset-Backed Certificates, FRN, 5.147%, 2/25/33		20,962		20,921
Crest Ltd., CDO, 7%, 1/28/40 (a)(p)		2,879,074		849,096
Dryden Senior Loan Fund, 2013-26A, “A”, CLO, FRN, 1.388%, 7/15/25 (z)		722,000		712,397
First Union-Lehman Brothers Bank of America, FRN, 0.984%, 11/18/35 (i)		3,762,920		72,015
Greenwich Capital Commercial Funding Corp., 5.475%, 3/10/39		954,545		989,235
JPMorgan Chase Commercial Mortgage Securities Corp., “A3”, FRN, 5.961%, 6/15/49		792,055		797,935
JPMorgan Chase Commercial Mortgage Securities Corp., “A3”, FRN, 6.136%, 2/15/51		314,513		314,662
JPMorgan Chase Commercial Mortgage Securities Corp., “A4”, FRN, 5.961%, 6/15/49		2,346,110		2,470,177
JPMorgan Chase Commercial Mortgage Trust, 2007-LD11, “AM”, FRN, 5.961%, 6/15/49		2,142,300		2,226,004
Merrill Lynch Mortgage Trust, FRN, 6.031%, 6/12/50		1,350,000		1,408,886
Morgan Stanley Capital I Trust, “AM”, FRN, 5.865%, 4/15/49		2,137,000		2,219,200
Wachovia Bank Commercial Mortgage Trust, “A4”, FRN, 6.149%, 2/15/51		3,479,451		3,636,113
Wells Fargo Commercial Mortgage Trust, 2015-NXS1, “A5”, 3.148%, 5/15/48		768,632		756,372

			$	20,418,807
Automotive - 2.3%
Accuride Corp., 9.5%, 8/01/18	$	1,735,000	$	1,761,025
Delphi Automotive PLC, 1.5%, 3/10/25	EUR	200,000		206,790
Ford Motor Credit Co. LLC, 1.7%, 5/09/16	$	550,000		551,543
Ford Motor Credit Co. LLC, 1.461%, 3/27/17		252,000		250,851
Ford Motor Credit Co. LLC, 3.157%, 8/04/20		915,000		915,715
General Motors Financial Co., Inc., 3.45%, 4/10/22		256,000		243,452
Goodyear Tire & Rubber Co., 6.5%, 3/01/21		1,695,000		1,794,158
Goodyear Tire & Rubber Co., 7%, 5/15/22		350,000		371,875
Grupo Antolin Dutch B.V., 5.125%, 6/30/22 (n)	EUR	100,000		112,451
Harley-Davidson Financial Services, Inc., 2.7%, 3/15/17 (n)	$	370,000		377,489
Hyundai Capital America, 2.6%, 3/19/20 (n)		272,000		269,413
Lear Corp., 4.75%, 1/15/23		1,015,000		1,007,388
Lear Corp., 5.375%, 3/15/24		60,000		60,900

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Automotive - continued
Lear Corp., 5.25%, 1/15/25	$	790,000	$	786,050
Schaeffler Finance B.V., 3.25%, 5/15/19	EUR	230,000		259,077
Schaeffler Finance B.V., 4.75%, 5/15/21 (n)	$	460,000		452,240
Schaeffler Holding Finance B.V., 6.25%, 11/15/19 (n)		470,000		494,675
Volkswagen International Finance N.V., 3.875% to 9/04/18, FRN to 9/29/49	EUR	200,000		234,145
ZF North America Capital, Inc., 4.5%, 4/29/22 (n)	$	1,385,000		1,341,719

			$	11,490,956
Biotechnology - 0.0%
Life Technologies Corp., 6%, 3/01/20	$	200,000	$	225,128

Broadcasting - 1.7%
AMC Networks, Inc., 7.75%, 7/15/21	$	863,000	$	921,253
Clear Channel Communications, Inc., 9%, 3/01/21		993,000		880,046
Clear Channel Worldwide Holdings, Inc., “A”, 6.5%, 11/15/22		190,000		191,995
Clear Channel Worldwide Holdings, Inc., “B”, 6.5%, 11/15/22		850,000		878,050
Discovery Communications, Inc., 1.9%, 3/19/27	EUR	425,000		406,045
Liberty Media Corp., 8.5%, 7/15/29	$	820,000		836,400
Liberty Media Corp., 8.25%, 2/01/30		210,000		213,150
Myriad International Holdings B.V., 5.5%, 7/21/25 (n)		234,000		232,245
Netflix, Inc., 5.375%, 2/01/21		1,680,000		1,734,600
Nexstar Broadcasting, Inc., 6.875%, 11/15/20		1,005,000		1,055,250
Omnicom Group, Inc., 3.65%, 11/01/24		77,000		74,933
ProSiebenSat.1 Media AG, 2.625%, 4/15/21	EUR	240,000		279,547
SES Global Americas Holdings GP, 2.5%, 3/25/19 (n)	$	181,000		180,046
Tribune Media Co., 5.875%, 7/15/22 (n)		845,000		851,338

			$	8,734,898
Brokerage & Asset Managers - 0.1%
E*Trade Financial Corp., 4.625%, 9/15/23	$	730,000	$	730,000

Building - 2.3%
Allegion U.S. Holding Co., Inc., 5.75%, 10/01/21	$	1,865,000	$	1,911,625
Building Materials Corp. of America, 5.375%, 11/15/24 (n)		1,250,000		1,250,000
Building Materials Holding Corp., 6.75%, 5/01/21 (n)		675,000		706,219
CEMEX S.A.B. de C.V., 6.5%, 12/10/19 (n)		284,000		288,260
CEMEX S.A.B. de C.V., 7.25%, 1/15/21 (n)		423,000		442,966
CRH Finance Ltd., 3.125%, 4/03/23	EUR	150,000		181,785
Elementia S.A. de C.V., 5.5%, 1/15/25 (n)	$	210,000		203,700
Gibraltar Industries, Inc., 6.25%, 2/01/21		830,000		838,300
HD Supply, Inc., 7.5%, 7/15/20		980,000		1,046,150
Headwaters, Inc., 7.25%, 1/15/19		535,000		556,400
Masco Corp., 4.45%, 4/01/25		85,000		84,991
Mohawk Industries, Inc., 2%, 1/14/22	EUR	300,000		337,419
Mohawk Industries, Inc., 3.85%, 2/01/23	$	134,000		135,233
Nortek, Inc., 8.5%, 4/15/21		1,015,000		1,087,319
Owens Corning, Inc., 4.2%, 12/15/22		127,000		127,774
PriSo Acquisition Corp., 9%, 5/15/23 (n)		685,000		671,300
Roofing Supply Group LLC/Roofing Supply Finance, Inc., 10%, 6/01/20 (n)		1,075,000		1,155,625
Union Andina de Cementos S.A.A., 5.875%, 10/30/21 (n)		259,000		257,627

			$	11,282,693
Business Services - 1.3%
Equinix, Inc., 4.875%, 4/01/20	$	565,000	$	577,713
Equinix, Inc., 5.375%, 1/01/22		305,000		308,050

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Business Services - continued
Equinix, Inc., 5.375%, 4/01/23	$	880,000	$	882,200
Fidelity National Information Services, Inc., 3.875%, 6/05/24		537,000		501,213
Fiserv, Inc., 2.7%, 6/01/20		275,000		272,982
Iron Mountain, Inc., 8.375%, 8/15/21		150,000		154,275
Iron Mountain, Inc., REIT, 6%, 8/15/23		1,540,000		1,574,650
MSCI, Inc., 5.75%, 8/15/25 (n)		145,000		147,900
NeuStar, Inc., 4.5%, 1/15/23		1,260,000		1,071,000
Tencent Holdings Ltd., 3.375%, 3/05/18 (n)		449,000		458,900
Tencent Holdings Ltd., 3.8%, 2/11/25 (n)		485,000		468,447

			$	6,417,330
Cable TV - 5.1%
Altice Financing S.A., 6.5%, 1/15/22 (n)	$	2,005,000	$	2,010,013
Altice Financing S.A., 6.625%, 2/15/23 (n)		2,145,000		2,134,275
CCO Holdings LLC/CCO Holdings Capital Corp., 7.375%, 6/01/20		250,000		260,625
CCO Holdings LLC/CCO Holdings Capital Corp., 6.5%, 4/30/21		1,965,000		2,053,818
CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/01/23 (n)		780,000		780,000
CCO Holdings LLC/CCO Holdings Capital Corp., 5.75%, 1/15/24		1,020,000		1,040,400
CCO Holdings LLC/CCO Holdings Capital Corp., 5.375%, 5/01/25 (n)		335,000		325,369
CCO Safari II LLC, 6.384%, 10/23/35 (n)		217,000		221,055
Cequel Communications Holdings, 6.375%, 9/15/20 (n)		1,675,000		1,644,431
Comcast Corp., 4.75%, 3/01/44		223,000		232,343
DISH DBS Corp., 7.875%, 9/01/19		240,000		260,136
DISH DBS Corp., 6.75%, 6/01/21		1,000,000		1,003,900
DISH DBS Corp., 5%, 3/15/23		1,065,000		940,533
DISH DBS Corp., 5.875%, 11/15/24		380,000		346,275
Intelsat Jackson Holdings S.A., 7.25%, 4/01/19		300,000		293,250
Intelsat Jackson Holdings S.A., 6.625%, 12/15/22		1,275,000		1,115,625
Intelsat Jackson Holdings S.A., 5.5%, 8/01/23		1,330,000		1,170,400
Intelsat Luxembourg S.A., 8.125%, 6/01/23		1,350,000		992,250
LGE Holdco VI B.V., 7.125%, 5/15/24 (n)	EUR	520,000		635,813
Lynx I Corp., 5.375%, 4/15/21 (n)	$	342,000		350,550
Lynx II Corp., 6.375%, 4/15/23 (n)		555,000		576,850
Shaw Communications, Inc., 5.65%, 10/01/19	CAD	260,000		223,360
SIRIUS XM Radio, Inc., 4.25%, 5/15/20 (n)	$	90,000		89,831
SIRIUS XM Radio, Inc., 5.875%, 10/01/20 (n)		120,000		125,100
SIRIUS XM Radio, Inc., 5.75%, 8/01/21 (n)		185,000		191,475
SIRIUS XM Radio, Inc., 4.625%, 5/15/23 (n)		740,000		704,850
SIRIUS XM Radio, Inc., 6%, 7/15/24 (n)		1,065,000		1,096,950
SIRIUS XM Radio, Inc., 5.375%, 4/15/25 (n)		745,000		735,688
Time Warner Cable, Inc., 5.75%, 6/02/31	GBP	100,000		150,734
Time Warner Cable, Inc., 5.25%, 7/15/42	GBP	100,000		135,981
Time Warner Cable, Inc., 4.5%, 9/15/42	$	119,000		95,395
Unitymedia Hessen, 5.5%, 1/15/23 (n)		1,350,000		1,387,125
Unitymedia KabelBW GmbH, 6.125%, 1/15/25 (n)		770,000		789,250
Virgin Media Secured Finance PLC, 5.25%, 1/15/26 (n)		800,000		776,000
VTR Finance B.V., 6.875%, 1/15/24 (n)		480,000		472,800
Ziggo Bond Finance B.V., 5.875%, 1/15/25 (n)		200,000		193,000

			$	25,555,450
Chemicals - 2.3%
Celanese U.S. Holdings LLC, 5.875%, 6/15/21	$	379,000	$	397,003
CF Industries, Inc., 5.15%, 3/15/34		169,000		162,660
Consolidated Energy Finance S.A., 6.75%, 10/15/19 (n)		380,000		375,174
Evolution Escrow Issuer Co., 7.5%, 3/15/22 (n)		795,000		639,975

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Chemicals - continued
Flash Dutch 2 B.V./U.S. Coatings Acquisition, 7.375%, 5/01/21 (n)	$	1,080,000	$	1,155,492
Hexion U.S. Finance Corp., 6.625%, 4/15/20		630,000		587,475
Hexion U.S. Finance Corp./Hexion Nova Scotia Finance, 8.875%, 2/01/18		860,000		748,200
Huntsman International LLC, 8.625%, 3/15/21		413,000		431,548
Huntsman International LLC, 5.125%, 4/15/21	EUR	165,000		188,395
INEOS Group Holdings S.A., 6.125%, 8/15/18 (n)	$	515,000		515,644
INEOS Group Holdings S.A., 5.875%, 2/15/19 (n)		200,000		198,250
Israel Chemicals Ltd., 4.5%, 12/02/24 (n)		2,460,000		2,461,476
LYB International Finance B.V., 4%, 7/15/23		135,000		136,080
LyondellBasell Industries N.V., 4.625%, 2/26/55		400,000		344,330
Solvay Finance S.A., FRN, 4.199%, 5/29/49	EUR	250,000		280,910
Syngenta Finance N.V., 1.875%, 11/02/21	EUR	200,000		234,352
Tronox Finance LLC, 6.375%, 8/15/20	$	2,055,000		1,685,100
W.R. Grace & Co., 5.125%, 10/01/21 (n)		800,000		810,000

			$	11,352,064
Computer Software - 0.3%
Oracle Corp., 3.4%, 7/08/24	$	251,000	$	250,901
Syniverse Holdings, Inc., 9.125%, 1/15/19		362,000		314,035
VeriSign, Inc., 4.625%, 5/01/23		1,005,000		979,875

			$	1,544,811
Computer Software - Systems - 0.6%
Apple, Inc., 2.7%, 5/13/22	$	400,000	$	395,183
Apple, Inc., 3.6%, 7/31/42	GBP	230,000		340,702
CDW LLC/CDW Finance Corp., 6%, 8/15/22	$	275,000		288,406
CDW LLC/CDW Finance Corp., 5.5%, 12/01/24		395,000		391,050
Sabre GLBL, Inc., 5.375%, 4/15/23 (n)		1,865,000		1,827,700

			$	3,243,041
Conglomerates - 2.2%
Alfa S.A.B de C.V., 6.875%, 3/25/44	$	252,000	$	248,850
Amsted Industries Co., 5%, 3/15/22 (n)		2,335,000		2,335,000
ATS Automation Tooling Systems, Inc., 6.5%, 6/15/23 (n)		415,000		418,113
BC Mountain LLC, 7%, 2/01/21 (n)		1,270,000		1,066,800
DH Europe Finance S.A., 1%, 7/08/19	EUR	150,000		169,425
EnerSys, 5%, 4/30/23 (n)	$	1,720,000		1,659,800
Enpro Industries, Inc., 5.875%, 9/15/22		1,485,000		1,492,425
Entegris, Inc., 6%, 4/01/22 (n)		1,575,000		1,594,688
General Electric Co., 1.25%, 5/26/23	EUR	100,000		110,641
Renaissance Acquisition, 6.875%, 8/15/21 (n)	$	1,345,000		1,197,050
Roper Industries, Inc., 1.85%, 11/15/17		200,000		199,926
Smiths Group PLC, 1.25%, 4/28/23	EUR	325,000		343,886
Tyco International Finance S.A., 1.375%, 2/25/25	EUR	125,000		129,991

			$	10,966,595
Construction - 0.1%
Empresas ICA S.A.B. de C.V., 8.9%, 2/04/21	$	450,000	$	211,500
Empresas ICA S.A.B. de C.V., 8.875%, 5/29/24 (n)		853,000		373,188

			$	584,688
Consumer Products - 0.7%
Newell Rubbermaid, Inc., 4%, 12/01/24	$	400,000	$	405,653
Prestige Brands, Inc., 8.125%, 2/01/20		257,000		272,420
Prestige Brands, Inc., 5.375%, 12/15/21 (n)		955,000		947,838

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Consumer Products - continued
Reckitt Benckiser Treasury Services PLC, 3.625%, 9/21/23 (n)	$	250,000	$	255,543
Spectrum Brands, Inc., 6.375%, 11/15/20		1,025,000		1,085,219
Spectrum Brands, Inc., 6.125%, 12/15/24 (n)		170,000		176,800
Spectrum Brands, Inc., 5.75%, 7/15/25 (n)		460,000		473,800

			$	3,617,273
Consumer Services - 2.1%
ADT Corp., 6.25%, 10/15/21	$	2,155,000	$	2,225,038
ADT Corp., 4.125%, 6/15/23		60,000		55,050
CEB, Inc., 5.625%, 6/15/23 (n)		900,000		900,000
Garda World Security Corp., 7.25%, 11/15/21 (n)		480,000		448,800
Garda World Security Corp., 7.25%, 11/15/21 (n)		660,000		617,100
Grupo Posadas S.A.B. de C.V., 7.875%, 6/30/22 (n)		800,000		790,000
Interval Acquisition Corp., 5.625%, 4/15/23 (n)		1,865,000		1,841,688
Monitronics International, Inc., 9.125%, 4/01/20		1,360,000		1,271,600
Priceline Group, Inc., 3.65%, 3/15/25		166,000		160,384
Priceline Group, Inc., 1.8%, 3/03/27	EUR	100,000		98,183
Service Corp. International, 7%, 6/15/17	$	1,220,000		1,311,500
Service Corp. International, 5.375%, 5/15/24		873,000		907,920

			$	10,627,263
Containers - 2.9%
Ardagh Packaging Finance PLC, 9.125%, 10/15/20 (n)	$	2,195,000	$	2,294,873
Ball Corp., 5%, 3/15/22		1,605,000		1,629,075
Ball Corp., 5.25%, 7/01/25		165,000		164,175
Berry Plastics Group, Inc., 5.5%, 5/15/22		1,025,000		991,688
Crown American LLC, 4.5%, 1/15/23		1,454,000		1,423,103
Crown European Holdings S.A., 3.375%, 5/15/25 (z)	EUR	350,000		365,260
Multi-Color Corp., 6.125%, 12/01/22 (n)	$	1,255,000		1,278,531
Rexam PLC, 6.75% to 6/29/17, FRN to 6/29/67	EUR	190,000		214,115
Reynolds Group, 9.875%, 8/15/19	$	123,000		129,304
Reynolds Group, 5.75%, 10/15/20		790,000		814,688
Reynolds Group, 8.25%, 2/15/21		2,030,000		2,088,363
Sealed Air Corp., 4.5%, 9/15/23 (n)	EUR	225,000		259,932
Sealed Air Corp., 4.875%, 12/01/22 (n)	$	1,495,000		1,495,000
Sealed Air Corp., 5.125%, 12/01/24 (n)		390,000		394,629
Signode Industrial Group, 6.375%, 5/01/22 (n)		1,170,000		1,129,050

			$	14,671,786
Defense Electronics - 0.1%
BAE Systems PLC, 4.125%, 6/08/22	GBP	150,000	$	243,479

Electrical Equipment - 0.1%
Arrow Electronics, Inc., 3.5%, 4/01/22	$	173,000	$	169,322
Avaya, Inc., 10.5%, 3/01/21 (n)		325,000		215,313
Molex Electronic Technologies LLC, 3.9%, 4/15/25 (n)		201,000		193,229

			$	577,864
Electronics - 1.2%
Advanced Micro Devices, Inc., 6.75%, 3/01/19	$	1,045,000	$	736,725
Advanced Micro Devices, Inc., 7.5%, 8/15/22		305,000		196,725
Advanced Micro Devices, Inc., 7%, 7/01/24		575,000		370,875
Micron Technology, Inc., 5.875%, 2/15/22		675,000		664,875
Micron Technology, Inc., 5.5%, 2/01/25		375,000		348,750
NXP B.V., 5.75%, 3/15/23 (n)		1,730,000		1,790,550

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Electronics - continued
Sensata Technologies B.V., 5.625%, 11/01/24 (n)	$	475,000	$	486,875
Sensata Technologies B.V., 5%, 10/01/25 (n)		835,000		809,950
Tyco Electronics Group S.A., 2.375%, 12/17/18		294,000		295,491
Tyco Electronics Group S.A., 1.1%, 3/01/23	EUR	100,000		107,110

			$	5,807,926
Emerging Market Quasi-Sovereign - 2.3%
Banco do Estado Rio Grande do Sul S.A., 7.375%, 2/02/22	$	1,092,000	$	837,564
CNOOC Finance (2015) U.S.A. LLC, 3.5%, 5/05/25		200,000		191,942
CNPC General Capital Ltd., 3.4%, 4/16/23 (n)		586,000		567,186
Comision Federal de Electricidad, 4.875%, 1/15/24		234,000		239,558
Corporacion Financiera de Desarrollo S.A., 4.75%, 7/15/25 (n)		200,000		199,436
Corporacion Financiera de Desarrollo S.A., FRN, 5.25%, 7/15/29 (n)		819,000		819,000
Empresa Nacional del Petroleo, 4.375%, 10/30/24 (n)		200,000		194,697
Gaz Capital S.A., 4.95%, 2/06/28		383,000		316,749
KazAgro National Management Holding, 4.625%, 5/24/23 (n)		858,000		719,862
Kazakhstan Temir Zholy Co., 6.95%, 7/10/42 (n)		967,000		835,972
Majapahit Holding B.V., 7.25%, 6/28/17 (n)		591,000		636,093
Majapahit Holding B.V., 8%, 8/07/19 (n)		380,000		427,044
NOVA Chemicals Corp., 5.25%, 8/01/23 (n)		250,000		251,250
Office Cherifien des Phosphates, 6.875%, 4/25/44 (n)		702,000		721,249
ONGC Videsh Ltd., 4.625%, 7/15/24		511,000		522,737
Pemex Project Funding Master Trust, 5.75%, 3/01/18		642,000		689,348
Pertamina PT, 4.875%, 5/03/22 (n)		275,000		266,420
Pertamina PT, 6%, 5/03/42 (n)		318,000		278,250
Petroleos Mexicanos, 8%, 5/03/19		1,101,000		1,266,315
Petroleos Mexicanos, 4.875%, 1/24/22		491,000		498,365
Petroleos Mexicanos, 4.5%, 1/23/26 (n)		198,000		188,110
Sinopec Group Overseas Development (2012) Ltd., 3.9%, 5/17/22 (n)		279,000		282,930
Turkiye Vakiflar Bankasi T.A.O., 6.875% to 2/03/20, FRN to 2/03/25 (n)		438,000		418,991

			$	11,369,068
Emerging Market Sovereign - 3.1%
Dominican Republic, 7.5%, 5/06/21 (n)	$	548,000	$	604,855
Dominican Republic, 5.875%, 4/18/24 (n)		121,000		122,815
Dominican Republic, 8.625%, 4/20/27		891,000		1,058,063
Republic of Angola, 7%, 8/16/19		482,000		468,239
Republic of Colombia, 8.125%, 5/21/24		1,025,000		1,280,225
Republic of Croatia, 5.5%, 4/04/23 (n)		2,108,000		2,173,875
Republic of Hungary, 5.375%, 2/21/23		672,000		731,571
Republic of Indonesia, 11.625%, 3/04/19 (n)		571,000		733,735
Republic of Indonesia, 7.875%, 4/15/19	IDR	15,259,000,000		1,065,686
Republic of Indonesia, 2.875%, 7/08/21 (z)	EUR	175,000		193,922
Republic of Indonesia, 3.375%, 4/15/23 (n)	$	302,000		279,350
Republic of Indonesia, 8.375%, 3/15/24	IDR	14,554,000,000		1,011,850
Republic of Indonesia, 4.125%, 1/15/25 (n)	$	342,000		327,465
Republic of Kazakhstan, 5.125%, 7/21/25 (n)		682,000		665,803
Republic of Panama, 3.75%, 3/16/25		204,000		199,410
Republic of Panama, 9.375%, 4/01/29		719,000		1,050,639
Republic of Paraguay, 6.1%, 8/11/44 (n)		550,000		552,750
Republic of Romania, 6.75%, 2/07/22 (n)		592,000		695,529
Republic of Slovakia, 4.375%, 5/21/22 (n)		688,000		763,474
Republic of Turkey, 3.25%, 3/23/23		633,000		576,581
Russian Federation, 4.875%, 9/16/23 (n)		400,000		382,552
United Mexican States, 3.625%, 3/15/22		506,000		507,265

			$	15,445,654

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Energy - Independent - 4.4%
Afren PLC, 15%, 3/18/16	$	374,128	$	280,596
Afren PLC, 10.25%, 4/08/19 (a)(d)(n)		463,000		13,890
American Energy-Permian Basin LLC, 7.375%, 11/01/21 (n)		695,000		350,975
Baytex Energy Corp., 5.625%, 6/01/24 (n)		1,250,000		1,043,150
Bonanza Creek Energy, Inc., 6.75%, 4/15/21		760,000		562,400
Chaparral Energy, Inc., 7.625%, 11/15/22		1,830,000		786,900
Chesapeake Energy Corp., 5.75%, 3/15/23		1,825,000		1,360,556
Cimarex Energy Co., 4.375%, 6/01/24		350,000		336,711
Concho Resources, Inc., 6.5%, 1/15/22		825,000		841,673
Concho Resources, Inc., 5.5%, 4/01/23		1,155,000		1,141,036
EP Energy LLC, 9.375%, 5/01/20		795,000		769,958
EP Energy LLC, 7.75%, 9/01/22		2,360,000		2,171,200
Halcon Resources Corp., 8.875%, 5/15/21		1,000,000		330,000
Hess Corp., 8.125%, 2/15/19		100,000		116,520
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 4/15/20		615,000		247,538
Linn Energy LLC/Linn Energy Finance Corp., 7.75%, 2/01/21		1,668,000		654,690
Linn Energy LLC/Linn Energy Finance Corp., 6.5%, 9/15/21		600,000		229,500
MEG Energy Corp., 6.5%, 3/15/21 (n)		1,495,000		1,249,073
MEG Energy Corp., 7%, 3/31/24 (n)		445,000		363,788
Noble Energy, Inc., 5.625%, 5/01/21		1,360,000		1,372,947
Northern Blizzard Resources, Inc., 7.25%, 2/01/22 (n)		1,018,000		834,760
Nostrum Oil & Gas Finance B.V., 6.375%, 2/14/19 (n)		272,000		227,800
Oasis Petroleum, Inc., 6.875%, 3/15/22		695,000		576,850
QEP Resources, Inc., 5.25%, 5/01/23		1,990,000		1,721,748
RSP Permian, Inc., 6.625%, 10/01/22 (n)		1,325,000		1,298,500
Sanchez Energy Corp., 6.125%, 1/15/23		1,390,000		1,042,500
SM Energy Co., 6.5%, 11/15/21		1,345,000		1,304,650
SM Energy Co., 6.125%, 11/15/22		645,000		619,200

			$	21,849,109
Energy - Integrated - 0.6%
Inkia Energy Ltd., 8.375%, 4/04/21	$	754,000	$	780,390
Listrindo Capital B.V., 6.95%, 2/21/19 (n)		200,000		205,000
LUKOIL International Finance B.V., 4.563%, 4/24/23		200,000		174,380
LUKOIL International Finance B.V., 4.563%, 4/24/23 (n)		544,000		474,314
Pacific Exploration and Production Corp., 7.25%, 12/12/21 (n)		1,107,000		597,780
Pacific Exploration and Production Corp., 5.125%, 3/28/23 (n)		201,000		100,500
Pacific Exploration and Production Corp., 5.625%, 1/19/25 (n)		173,000		88,230
Repsol International Finance B.V., 3.625%, 10/07/21	EUR	200,000		243,978
Shell International Finance B.V., 2.125%, 5/11/20	$	376,000		373,513
TOTAL S.A., 2.625% to 2/26/25, FRN to 12/29/49	EUR	200,000		210,894

			$	3,248,979
Entertainment - 1.7%
Activision Blizzard, Inc., 6.125%, 9/15/23 (n)	$	1,590,000	$	1,709,250
Carmike Cinemas, Inc., 6%, 6/15/23 (n)		500,000		511,250
Carnival Corp., 1.2%, 2/05/16		370,000		370,207
Cedar Fair LP, 5.25%, 3/15/21		1,215,000		1,236,263
Cedar Fair LP, 5.375%, 6/01/24		405,000		411,075
Cinemark USA, Inc., 5.125%, 12/15/22		1,430,000		1,430,000
Cinemark USA, Inc., 4.875%, 6/01/23		780,000		760,500
NCL Corp. Ltd., 5.25%, 11/15/19 (n)		815,000		843,272
Six Flags Entertainment Corp., 5.25%, 1/15/21 (n)		1,255,000		1,273,825

			$	8,545,642

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Financial Institutions - 4.3%
Aircastle Ltd., 4.625%, 12/15/18	$	130,000	$	133,575
Aircastle Ltd., 5.125%, 3/15/21		1,470,000		1,503,075
Aircastle Ltd., 5.5%, 2/15/22		870,000		900,450
Aviation Capital Group, 4.625%, 1/31/18 (n)		555,000		570,263
Aviation Capital Group, 6.75%, 4/06/21 (n)		540,000		611,550
CIT Group, Inc., 5.25%, 3/15/18		1,520,000		1,578,900
CIT Group, Inc., 6.625%, 4/01/18 (n)		1,305,000		1,396,350
CIT Group, Inc., 5.5%, 2/15/19 (n)		1,560,000		1,639,950
CIT Group, Inc., 3.875%, 2/19/19		566,000		566,000
CIT Group, Inc., 5%, 8/15/22		745,000		757,106
Credit Acceptance Co., 7.375%, 3/15/23 (n)		1,435,000		1,470,875
General Electric Capital Corp., 3.1%, 1/09/23		750,000		751,783
Icahn Enterprises LP, 6%, 8/01/20		700,000		724,395
Icahn Enterprises LP, 5.875%, 2/01/22		1,560,000		1,575,990
Nationstar Mortgage LLC/Capital Corp., 6.5%, 8/01/18		505,000		484,800
Nationstar Mortgage LLC/Capital Corp., 7.875%, 10/01/20		2,310,000		2,182,950
Navient Corp., 5.875%, 3/25/21		405,000		363,488
PHH Corp., 6.375%, 8/15/21		660,000		608,850
SLM Corp., 8%, 3/25/20		1,135,000		1,149,188
SLM Corp., 7.25%, 1/25/22		2,110,000		1,988,675
SLM Corp., 6.125%, 3/25/24		515,000		437,750

			$	21,395,963
Food & Beverages - 1.3%
Anheuser-Busch InBev S.A., 6.875%, 11/15/19	$	300,000	$	353,909
Coca-Cola Co., 0.75%, 3/09/23	EUR	175,000		188,293
Coca-Cola Co., 1.125%, 3/09/27	EUR	125,000		129,280
Coca-Cola Enterprises, Inc., 1.875%, 3/18/30	EUR	200,000		197,562
Coca-Cola HBC Finance B.V., 4.25%, 11/16/16	EUR	150,000		175,645
Darling Ingredients, Inc., 5.375%, 1/15/22	$	795,000		785,063
Gruma S.A.B. de C.V., 4.875%, 12/01/24 (n)		202,000		212,302
J.M. Smucker Co., 2.5%, 3/15/20 (n)		365,000		363,179
J.M. Smucker Co., 4.375%, 3/15/45 (n)		70,000		64,699
JBS USA LLC/JBS USA Finance, Inc., 5.75%, 6/15/25 (n)		85,000		82,450
Kraft Heinz Co., 5%, 7/15/35 (n)		102,000		105,440
Kraft Heinz Foods Co., 3.5%, 7/15/22 (n)		202,000		203,906
Minerva Luxembourg S.A., 7.75%, 1/31/23 (n)		204,000		199,410
Mondelez International, Inc., 2.375%, 3/06/35	EUR	100,000		97,829
PepsiCo, Inc., 3.1%, 7/17/22	$	634,000		642,002
Sun Merger Sub, Inc., 5.875%, 8/01/21 (n)		1,890,000		1,960,875
Tyson Foods, Inc., 6.6%, 4/01/16		412,000		424,895
Tyson Foods, Inc., 5.15%, 8/15/44		81,000		83,065
Wm. Wrigley Jr. Co., 2.9%, 10/21/19 (n)		107,000		108,825
Wm. Wrigley Jr. Co., 3.375%, 10/21/20 (n)		300,000		307,744

			$	6,686,373
Food & Drug Stores - 0.4%
CVS Health Corp., 3.375%, 8/12/24	$	340,000	$	333,291
CVS Health Corp., 4.875%, 7/20/35		121,000		124,838
CVS Health Corp., 5.75%, 6/01/17		155,000		166,245
CVS Health Corp., 3.5%, 7/20/22		750,000		764,762
Walgreens Boots Alliance, Inc., 2.7%, 11/18/19		333,000		333,313
Walgreens Boots Alliance, Inc., 4.5%, 11/18/34		326,000		300,482

			$	2,022,931

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Forest & Paper Products - 0.2%
Appvion, Inc., 9%, 6/01/20 (n)	$	595,000	$	333,200
International Paper Co., 6%, 11/15/41		185,000		196,792
Smurfit Kappa Acquisitions, 2.75%, 2/01/25 (z)	EUR	275,000		295,168
Tembec Industries, Inc., 9%, 12/15/19 (n)	$	565,000		361,600

			$	1,186,760
Gaming & Lodging - 2.0%
Boyd Gaming Corp., 6.875%, 5/15/23	$	600,000	$	616,500
CCM Merger, Inc., 9.125%, 5/01/19 (n)		1,055,000		1,123,575
Eldorado Resorts, Inc., 7%, 8/01/23 (n)		180,000		178,650
Greektown Holdings LLC, 8.875%, 3/15/19 (n)		1,025,000		1,071,125
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 5.625%, 10/15/21		1,890,000		1,970,325
Isle of Capri Casinos, Inc., 8.875%, 6/15/20		300,000		321,750
Isle of Capri Casinos, Inc., 5.875%, 3/15/21		1,505,000		1,550,150
MGM Resorts International, 6.625%, 12/15/21		745,000		791,563
MGM Resorts International, 6%, 3/15/23		785,000		796,775
RHP Hotel Properties, 5%, 4/15/23 (n)		345,000		341,550
Ryman Hospitality Properties, Inc., REIT, 5%, 4/15/21		1,415,000		1,417,830

			$	10,179,793
Industrial - 1.0%
Anixter, Inc., 5.125%, 10/01/21	$	765,000	$	763,088
Dematic S.A., 7.75%, 12/15/20 (n)		1,515,000		1,545,300
Howard Hughes Corp., 6.875%, 10/01/21 (n)		1,790,000		1,866,075
SPL Logistics Escrow LLC, 8.875%, 8/01/20 (n)		590,000		628,350

			$	4,802,813
Insurance - 0.4%
American International Group, Inc., 3.75%, 7/10/25	$	400,000	$	401,764
American International Group, Inc., 4.875%, 6/01/22		187,000		204,017
Aviva PLC, 5.7% to 9/29/15, FRN to 9/29/49	EUR	150,000		168,576
CNP Assurances S.A., 6% to 9/14/20, FRN to 9/14/40	EUR	200,000		253,458
Delta Lloyd N.V., FRN, 9%, 8/29/42	EUR	150,000		203,225
Unum Group, 7.125%, 9/30/16	$	500,000		529,319

			$	1,760,359
Insurance - Health - 0.1%
UnitedHealth Group, Inc., 2.7%, 7/15/20	$	528,000	$	534,945

Insurance - Property & Casualty - 0.3%
Amlin PLC, 6.5% to 12/19/16, FRN to 12/19/26	GBP	100,000	$	155,115
Berkshire Hathaway, Inc., 1.625%, 3/16/35	EUR	150,000		140,575
Berkshire Hathaway, Inc., 4.5%, 2/11/43	$	250,000		244,938
Marsh & McLennan Cos., Inc., 3.5%, 6/03/24		159,000		157,277
QBE Capital Funding III Ltd., 7.5% to 5/24/21, FRN to 5/24/41	GBP	200,000		340,822
ZFS Finance USA Trust V, 6.5% to 5/09/17, FRN to 5/09/67 (n)	$	627,000		648,945

			$	1,687,672
International Market Quasi-Sovereign - 0.0%
Electricite de France S.A., 6% to 1/29/26, FRN to 12/29/49	GBP	100,000	$	157,286

International Market Sovereign - 10.7%
Buoni Poliennali del Tesoro, 5.5%, 9/01/22	EUR	925,000	$	1,310,814
Commonwealth of Australia, 5.75%, 5/15/21	AUD	2,565,000		2,175,929
Federal Republic of Germany, 6.25%, 1/04/30	EUR	442,000		838,150
Federal Republic of Germany, 2.5%, 7/04/44	EUR	120,000		167,282

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
International Market Sovereign - continued
Government of Canada, 3.25%, 6/01/21	CAD	187,000	$	160,818
Government of Canada, 2.75%, 6/01/22	CAD	6,500,000		5,475,791
Government of Canada, 2.5%, 6/01/24	CAD	400,000		332,888
Government of Canada, 5.75%, 6/01/33	CAD	618,000		727,099
Government of Japan, 1.1%, 6/20/20	JPY	708,100,000		6,127,093
Government of Japan, 2.1%, 9/20/24	JPY	262,600,000		2,509,770
Government of Japan, 2.2%, 9/20/27	JPY	392,000,000		3,858,081
Government of Japan, 1.8%, 3/20/43	JPY	81,000,000		732,611
Government of New Zealand, 5.5%, 4/15/23	NZD	4,869,000		3,619,052
Government of Norway, 3.75%, 5/25/21	NOK	31,200,000		4,343,062
Government of Norway, 3%, 3/14/24	NOK	2,445,000		333,246
Kingdom of Denmark, 3%, 11/15/21	DKK	1,392,000		242,330
Kingdom of Denmark, 1.5%, 11/15/23	DKK	4,119,000		658,974
Kingdom of Spain, 5.4%, 1/31/23	EUR	1,416,000		1,997,536
Kingdom of Spain, 5.5%, 7/30/17	EUR	599,000		740,366
Kingdom of Spain, 4.6%, 7/30/19	EUR	1,130,000		1,457,474
Kingdom of Sweden, 5%, 12/01/20	SEK	3,565,000		529,796
Kingdom of Sweden, 3.5%, 6/01/22	SEK	1,275,000		182,620
Kingdom of the Netherlands, 5.5%, 1/15/28	EUR	335,000		563,599
Republic of France, 6%, 10/25/25	EUR	141,000		231,907
Republic of France, 4.75%, 4/25/35	EUR	468,000		777,963
Republic of Ireland, 4.5%, 4/18/20	EUR	222,000		295,353
Republic of Italy, 5.25%, 8/01/17	EUR	1,750,000		2,153,659
Republic of Italy, 3.75%, 3/01/21	EUR	4,042,000		5,170,735
United Kingdom Treasury, 8%, 6/07/21	GBP	1,260,000		2,630,792
United Kingdom Treasury, 4.25%, 12/07/27	GBP	938,000		1,776,416
United Kingdom Treasury, 4.25%, 3/07/36	GBP	515,000		1,013,903
United Kingdom Treasury, 3.25%, 1/22/44	GBP	350,000		610,155

			$	53,745,264
Internet - 0.1%
Baidu, Inc., 4.125%, 6/30/25	$	203,000	$	199,906
Baidu, Inc., 3%, 6/30/20		200,000		198,557

			$	398,463
Local Authorities - 0.1%
Province of Alberta, 1.25%, 6/01/20	CAD	188,000	$	142,306
Province of Manitoba, 4.15%, 6/03/20	CAD	166,000		142,268

			$	284,574
Machinery & Tools - 1.0%
Ashtead Capital, Inc., 5.625%, 10/01/24 (n)	$	1,685,000	$	1,673,424
H&E Equipment Services Co., 7%, 9/01/22		1,740,000		1,731,300
Jurassic Holdings III, Inc., 6.875%, 2/15/21 (n)		1,200,000		843,000
Light Tower Rentals, Inc., 8.125%, 8/01/19 (n)		815,000		546,050

			$	4,793,774
Major Banks - 2.7%
ABN AMRO North America Finance, Inc., 7.125%, 7/06/22	EUR	150,000	$	211,422
Bank of America Corp., 7.625%, 6/01/19	$	370,000		437,389
Bank of America Corp., 3.95%, 4/21/25		432,000		418,191
Bank of America Corp., FRN, 6.1%, 12/29/49		3,052,000		2,979,515
Barclays Bank PLC, 6%, 1/14/21	EUR	150,000		200,697
Barclays Bank PLC, 6.75% to 1/16/18, FRN to 1/16/23	GBP	100,000		165,249
Credit Agricole S.A., 7.375%, 12/18/23	GBP	100,000		190,054

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Major Banks - continued
Credit Agricole S.A., 7.875% to 10/26/19, FRN to 10/29/49	EUR	200,000	$	265,950
Goldman Sachs Group, Inc., 5.75%, 1/24/22	$	500,000		568,322
Goldman Sachs Group, Inc., 3.5%, 1/23/25		343,000		335,199
Huntington National Bank, 2.4%, 4/01/20		286,000		281,768
ING Bank N.V., 3.50% to 11/21/18, FRN to 11/21/23	EUR	250,000		294,729
JPMorgan Chase & Co., 6.3%, 4/23/19	$	500,000		567,171
JPMorgan Chase & Co., 3.25%, 9/23/22		478,000		474,794
JPMorgan Chase & Co., 3.125%, 1/23/25		301,000		288,443
JPMorgan Chase & Co., 6.75% to 2/01/24, FRN to 1/29/49		215,000		226,825
JPMorgan Chase & Co., 6% to 8/01/23, FRN to 12/29/49		2,320,000		2,296,800
Morgan Stanley, 6.625%, 4/01/18		391,000		435,787
Morgan Stanley, 2.2%, 12/07/18		238,000		239,007
Morgan Stanley, 3.95%, 4/23/27		229,000		218,100
Nationwide Building Society, 1.25%, 3/03/25	EUR	240,000		255,178
PNC Bank N.A., 2.6%, 7/21/20	$	295,000		295,976
Royal Bank of Scotland Group PLC, 5.5%, 3/23/20	EUR	150,000		200,672
Royal Bank of Scotland Group PLC, 7.5% to 8/10/2020, FRN to 12/29/49	$	640,000		641,600
Royal Bank of Scotland Group PLC, 8% to 2025, FRN to 12/29/49		200,000		204,250
Royal Bank of Scotland Group PLC, FRN, 3.625%, 3/25/24	EUR	250,000		287,674
Wells Fargo & Co., 3%, 2/19/25	$	306,000		294,653
Wells Fargo & Co., 4.1%, 6/03/26		100,000		100,488
Wells Fargo & Co., 5.875% to 6/15/25, FRN to 12/29/49		151,000		154,586
Wells Fargo & Co., 5.9% to 6/15/24, FRN to 12/29/49		253,000		253,949

			$	13,784,438
Medical & Health Technology & Services - 4.0%
Becton, Dickinson and Co., 2.675%, 12/15/19	$	434,000	$	434,165
Becton, Dickinson and Co., 3.734%, 12/15/24		97,000		96,720
CHS/Community Health Systems, Inc., 5.125%, 8/01/21		235,000		241,463
CHS/Community Health Systems, Inc., 6.875%, 2/01/22		1,770,000		1,881,174
Davita Healthcare Partners, Inc., 5%, 5/01/25		1,115,000		1,092,700
Davita, Inc., 5.125%, 7/15/24		935,000		930,909
Fresenius US Finance II, Inc., 4.25%, 2/01/21 (n)		32,000		32,480
HCA, Inc., 4.25%, 10/15/19		145,000		147,900
HCA, Inc., 7.5%, 2/15/22		2,160,000		2,477,930
HCA, Inc., 5.875%, 3/15/22		1,950,000		2,120,625
HCA, Inc., 5%, 3/15/24		690,000		706,388
HCA, Inc., 5.375%, 2/01/25		520,000		527,800
HealthSouth Corp., 5.125%, 3/15/23		1,180,000		1,168,200
HealthSouth Corp., 5.75%, 11/01/24 (n)		640,000		648,896
Laboratory Corp. of America Holdings, 3.2%, 2/01/22		200,000		195,646
Laboratory Corp. of America Holdings, 4.7%, 2/01/45		310,000		282,969
LifePoint Hospitals, Inc., 5.5%, 12/01/21		1,440,000		1,500,300
McKesson Corp., 7.5%, 2/15/19		110,000		127,857
Tenet Healthcare Corp., 8%, 8/01/20		1,800,000		1,878,750
Tenet Healthcare Corp., 4.5%, 4/01/21		1,235,000		1,241,175
Tenet Healthcare Corp., 8.125%, 4/01/22		685,000		758,638
Tenet Healthcare Corp., 6.75%, 6/15/23		360,000		370,800
Universal Health Services, Inc., 7.625%, 8/15/20		1,325,000		1,277,797

			$	20,141,282
Medical Equipment - 0.9%
Alere, Inc., 6.375%, 7/01/23 (n)	$	678,000	$	694,950
DJO Finco, Inc., 8.125%, 6/15/21 (n)		795,000		822,428
Hologic, Inc., 5.25%, 7/15/22 (n)		1,065,000		1,084,969

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Medical Equipment - continued
Medtronic, Inc., 3.5%, 3/15/25	$	615,000	$	612,502
Teleflex, Inc., 5.25%, 6/15/24		1,220,000		1,223,050
Zimmer Holdings, Inc., 4.25%, 8/15/35		145,000		133,252
Zimmer Holdings, Inc., 4.45%, 8/15/45		91,000		82,348

			$	4,653,499
Metals & Mining - 2.7%
Barrick International (Barbados) Corp., 5.75%, 10/15/16 (n)	$	500,000	$	521,615
Cameco Corp., 5.67%, 9/02/19	CAD	262,000		222,730
Century Aluminum Co., 7.5%, 6/01/21 (n)	$	915,000		869,250
Commercial Metals Co., 4.875%, 5/15/23		745,000		659,325
Consol Energy, Inc., 5.875%, 4/15/22		1,315,000		940,225
Consol Energy, Inc., 8%, 4/01/23 (n)		830,000		626,650
First Quantum Minerals Ltd., 7.25%, 10/15/19 (n)		1,575,000		1,134,000
First Quantum Minerals Ltd., 7.25%, 5/15/22 (n)		1,032,000		719,820
Glencore Finance (Europe) S.A., 6.5%, 2/27/19	GBP	50,000		82,807
GrafTech International Co., 6.375%, 11/15/20	$	1,125,000		888,750
Hudbay Minerals, Inc., 9.5%, 10/01/20		795,000		721,225
Kinross Gold Corp., 5.95%, 3/15/24		296,000		251,232
Lundin Mining Corp., 7.5%, 11/01/20 (n)		455,000		449,313
Lundin Mining Corp., 7.875%, 11/01/22 (n)		805,000		792,925
Plains Exploration & Production Co., 6.875%, 2/15/23		296,000		265,660
Southern Copper Corp., 5.25%, 11/08/42		250,000		203,275
Southern Copper Corp., 5.875%, 4/23/45		475,000		407,973
Steel Dynamics, Inc., 5.125%, 10/01/21		430,000		421,615
Steel Dynamics, Inc., 5.25%, 4/15/23		995,000		966,394
Steel Dynamics, Inc., 5.5%, 10/01/24		430,000		417,638
Suncoke Energy Partners LP/Suncoke Energy Partners Finance Corp., 7.375%, 2/01/20 (n)		910,000		825,825
Suncoke Energy Partners LP/Suncoke Energy Partners Finance Corp., 7.375%, 2/01/20 (n)		380,000		344,850
Suncoke Energy, Inc., 7.625%, 8/01/19		127,000		129,540
TMS International Corp., 7.625%, 10/15/21 (n)		530,000		506,150
Xstrata Finance (Canada) Ltd., 5.25%, 6/13/17	EUR	200,000		239,731

			$	13,608,518
Midstream - 4.7%
Access Midstream Partner LP, 4.875%, 3/15/24	$	100,000	$	93,244
AmeriGas Finance LLC, 6.75%, 5/20/20		1,810,000		1,868,825
APT Pipelines Ltd., 5%, 3/23/35 (n)		280,000		258,887
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.125%, 11/15/22 (n)		840,000		823,200
Crestwood Midstream Partners LP, 6%, 12/15/20		1,035,000		978,075
Crestwood Midstream Partners LP, 6.125%, 3/01/22		505,000		459,550
Crestwood Midstream Partners LP, 6.25%, 4/01/23 (n)		194,000		175,570
El Paso Corp., 7.75%, 1/15/32		2,311,000		2,484,630
Energy Transfer Equity LP, 7.5%, 10/15/20		1,600,000		1,714,032
Energy Transfer Partners LP, 3.6%, 2/01/23		300,000		270,812
Energy Transfer Partners LP, 5.15%, 3/15/45		280,000		235,967
Enterprise Products Operating LLC, 1.65%, 5/07/18		296,000		293,422
Enterprise Products Operating LLC, 4.85%, 3/15/44		74,000		66,722
Enterprise Products Partners LP, 6.3%, 9/15/17		180,000		195,857
Ferrellgas LP/Ferrellgas Finance Corp., 6.5%, 5/01/21		1,165,000		1,118,400
Ferrellgas LP/Ferrellgas Finance Corp., 6.75%, 1/15/22		1,250,000		1,206,250
Kinder Morgan Energy Partners LP, 5.3%, 9/15/20		370,000		394,376
Kinder Morgan Energy Partners LP, 5.4%, 9/01/44		140,000		116,807
Kinder Morgan, Inc., 2.25%, 3/16/27	EUR	125,000		117,994
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 5.5%, 2/15/23	$	665,000		651,700

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Midstream - continued
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 4.5%, 7/15/23	$	1,150,000	$	1,063,750
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 4.875%, 12/01/24		300,000		278,250
Pembina Pipeline Corp., 4.81%, 3/25/44	CAD	306,000		215,661
Plains All American Pipeline LP, 3.95%, 9/15/15	$	370,000		370,466
Sabine Pass Liquefaction LLC, 5.625%, 2/01/21		1,305,000		1,285,425
Sabine Pass Liquefaction LLC, 5.625%, 4/15/23		1,755,000		1,704,544
Sabine Pass Liquefaction LLC, 5.75%, 5/15/24		575,000		562,063
Sabine Pass Liquefaction LLC, 5.625%, 3/01/25 (n)		764,000		738,693
Spectra Energy Capital LLC, 8%, 10/01/19		250,000		292,128
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 7.5%, 7/01/21		530,000		530,000
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.5%, 8/15/22		925,000		818,625
Sunoco Logistics Partners LP, 5.3%, 4/01/44		158,000		133,848
Sunoco Logistics Partners LP, 5.35%, 5/15/45		76,000		64,899
Targa Resources Partners LP/Targa Resources Finance Corp., 5%, 1/15/18 (n)		345,000		341,550
Targa Resources Partners LP/Targa Resources Finance Corp., 4.125%, 11/15/19 (n)		1,050,000		989,625
Targa Resources Partners LP/Targa Resources Finance Corp., 5.25%, 5/01/23		410,000		385,400
Williams Cos., Inc., 3.7%, 1/15/23		450,000		390,223

			$	23,689,470
Mortgage-Backed - 1.4%
Fannie Mae, 6%, 7/01/16 - 2/01/37	$	196,441	$	216,880
Fannie Mae, 5.5%, 9/01/19 - 7/01/35		620,030		677,043
Fannie Mae, 6.5%, 4/01/32 - 1/01/33		67,195		77,775
Fannie Mae, FRN, 0.449%, 5/25/18		5,887,824		5,890,850
Freddie Mac, 6%, 8/01/34		106,420		121,473

			$	6,984,021
Natural Gas - Distribution - 0.1%
GNL Quintero S.A., 4.634%, 7/31/29 (n)	$	523,000	$	510,622

Network & Telecom - 1.7%
AT&T, Inc., 2.45%, 6/30/20	$	277,000	$	274,521
AT&T, Inc., 4.75%, 5/15/46		235,000		214,206
British Telecom PLC, 5.75%, 12/07/28	GBP	150,000		274,669
Centurylink, Inc., 6.45%, 6/15/21	$	425,000		424,405
Centurylink, Inc., 7.65%, 3/15/42		960,000		820,800
Citizens Communications Co., 9%, 8/15/31		1,135,000		1,000,928
Columbus International, Inc., 7.375%, 3/30/21 (n)		200,000		210,500
Frontier Communications Corp., 8.125%, 10/01/18		470,000		507,600
Frontier Communications Corp., 6.25%, 9/15/21		315,000		287,564
Frontier Communications Corp., 7.125%, 1/15/23		425,000		383,775
OTE PLC, 7.875%, 2/07/18	EUR	150,000		171,255
OTE PLC, 3.5%, 7/09/20	EUR	260,000		254,560
Telecom Italia Capital, 6%, 9/30/34	$	305,000		298,900
Telecom Italia Finance S.A., 7.75%, 1/24/33	EUR	85,000		126,139
Telecom Italia S.p.A., 5.375%, 1/29/19	EUR	200,000		249,914
Telecom Italia S.p.A., 5.303%, 5/30/24 (n)	$	1,200,000		1,209,000
Telefonica Celular del Paraguay S.A., 6.75%, 12/13/22		517,000		520,878
Verizon Communications, Inc., 4.5%, 9/15/20		503,000		540,347
Verizon Communications, Inc., 5.15%, 9/15/23		250,000		274,077
Verizon Communications, Inc., 2.625%, 12/01/31	EUR	225,000		249,050
Verizon Communications, Inc., 6.4%, 9/15/33	$	300,000		344,006

			$	8,637,094

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Oil Services - 1.0%
Bristow Group, Inc., 6.25%, 10/15/22	$	2,348,000	$	2,066,240
Odebrecht Offshore Drilling Finance Ltd., 6.75%, 10/01/22 (n)		978,842		557,940
Pacific Drilling S.A., 5.375%, 6/01/20 (n)		1,160,000		835,200
QGOG Constellation S.A., 6.25%, 11/09/19 (n)		1,390,000		764,500
Shale-Inland Holdings LLC/Finance Co., 8.75%, 11/15/19 (n)		780,000		577,200

			$	4,801,080
Oils - 0.4%
CITGO Holding, Inc., 10.75%, 2/15/20 (n)	$	715,000	$	706,063
CITGO Petroleum Corp., 6.25%, 8/15/22 (n)		1,100,000		1,067,000
Valero Energy Corp., 4.9%, 3/15/45		232,000		209,870

			$	1,982,933
Other Banks & Diversified Financials - 2.0%
Banco de Credito del Peru, 6.125% to 4/24/22, FRN to 4/24/27 (n)	$	1,036,000	$	1,087,800
Banco Inbursa S.A. Institucion de Banca Multiple Grupo Financiero Inbursa, 4.125%, 6/06/24 (n)		310,000		302,250
Banco Popolare Societa Cooperativa, 3.5%, 3/14/19	EUR	320,000		368,449
Bankia S.A., 3.5%, 1/17/19	EUR	200,000		233,388
Banque Federative du Credit Mutuel S.A., 3%, 5/21/24	EUR	200,000		229,450
BBVA Bancomer S.A. de C.V., 6.5%, 3/10/21 (n)	$	900,000		966,375
BBVA Bancomer S.A. de C.V., 6.75%, 9/30/22 (n)		1,004,000		1,087,332
CaixaBank S.A., 5% to 9/04/18, FRN to 11/14/23	EUR	200,000		236,705
Capital One Bank (USA) N.A., 3.375%, 2/15/23	$	384,000		365,209
Capital One Financial Corp., 2.35%, 8/17/18		806,000		805,526
Citigroup, Inc., 2.15%, 7/30/18		428,000		427,916
Citigroup, Inc., 8.5%, 5/22/19		341,000		411,768
Discover Bank, 7%, 4/15/20		250,000		288,206
Discover Bank, 4.25%, 3/13/26		148,000		146,703
Discover Financial Services, 3.75%, 3/04/25		128,000		121,484
Groupe BPCE S.A., 12.5% to 9/30/19, FRN to 8/29/49 (n)		1,513,000		1,986,766
Halyk Savings Bank of Kazakhstan B.V., 7.25%, 1/28/21		516,000		517,662
Intesa Sanpaolo S.p.A., 5.25%, 1/28/22	GBP	100,000		168,572
LBG Capital No. 2 PLC, 6.385%, 5/12/20	EUR	250,000		316,244
Macquarie Group Ltd., 3%, 12/03/18 (n)	$	106,000		107,186

			$	10,174,991
Pharmaceuticals - 2.7%
AbbVie, Inc., 1.75%, 11/06/17	$	300,000	$	299,747
AbbVie, Inc., 2.5%, 5/14/20		717,000		708,871
Actavis Funding SCS, 3.8%, 3/15/25		256,000		247,752
Actavis Funding SCS, 4.85%, 6/15/44		52,000		47,563
Bayer AG, 3.00% to 7/01/20, FRN to 7/01/75	EUR	215,000		247,428
Celgene Corp., 1.9%, 8/15/17	$	400,000		401,485
Celgene Corp., 2.875%, 8/15/20		524,000		524,966
EMD Finance LLC, 2.95%, 3/19/22 (n)		275,000		269,567
Endo Finance LLC/Endo Finco, Inc., 6%, 7/15/23 (n)		310,000		322,400
Endo Finance LLC/Endo Finco, Inc., 7.75%, 1/15/22 (n)		1,690,000		1,804,075
Endo Finance LLC/Endo Finco, Inc., 6%, 2/01/25 (n)		450,000		462,375
Forest Laboratories, Inc., 4.375%, 2/01/19 (n)		496,000		518,297
Gilead Sciences, Inc., 2.35%, 2/01/20		52,000		52,058
Gilead Sciences, Inc., 3.7%, 4/01/24		268,000		271,449
Hospira, Inc., 6.05%, 3/30/17		200,000		213,967
Hospira, Inc., 5.2%, 8/12/20		175,000		195,553
Mallinckrodt International Finance S.A., 5.75%, 8/01/22 (n)		1,085,000		1,108,328
Mallinckrodt International Finance S.A., 5.5%, 4/15/25 (n)		135,000		133,988

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Pharmaceuticals - continued
Mylan, Inc., 2.55%, 3/28/19	$	265,000	$	259,723
Perrigo Finance PLC, 3.5%, 12/15/21		281,000		274,273
Valeant Pharmaceuticals International, Inc., 7%, 10/01/20 (n)		1,415,000		1,464,525
Valeant Pharmaceuticals International, Inc., 7.25%, 7/15/22 (n)		1,730,000		1,820,825
Valeant Pharmaceuticals International, Inc., 5.5%, 3/01/23 (n)		260,000		263,575
Vantage Point Imaging, 7.5%, 7/15/21 (n)		525,000		563,719
VRX Escrow Corp., 5.875%, 5/15/23 (n)		615,000		627,300
Watson Pharmaceuticals, Inc., 1.875%, 10/01/17		200,000		199,237

			$	13,303,046
Pollution Control - 0.1%
Abengoa Finance S.A.U., 7.75%, 2/01/20 (n)	$	1,035,000	$	615,825

Precious Metals & Minerals - 0.6%
Aurico Gold, Inc., 7.75%, 4/01/20 (n)	$	1,550,000	$	1,395,000
Eldorado Gold Corp., 6.125%, 12/15/20 (n)		1,980,000		1,702,800

			$	3,097,800
Printing & Publishing - 1.1%
American Media, Inc., 13.5%, 6/15/18 (z)	$	11,911	$	12,239
Gannett Co., Inc., 5.125%, 10/15/19		320,000		330,400
Gannett Co., Inc., 5.125%, 7/15/20		260,000		269,100
Gannett Co., Inc., 4.875%, 9/15/21 (n)		430,000		424,625
Gannett Co., Inc., 6.375%, 10/15/23		1,385,000		1,450,783
Moody’s Corp., 4.875%, 2/15/24		200,000		208,973
Nielsen Finance LLC, 5%, 4/15/22 (n)		1,680,000		1,656,900
Outdoor Americas Capital LLC/Outfront Media Capital Corp., 5.625%, 2/15/24		1,000,000		1,023,750
Outfront Media Cap LLC, 5.625%, 2/15/24 (n)		70,000		72,100

			$	5,448,870
Railroad & Shipping - 0.1%
Union Pacific Corp., 3.875%, 2/01/55	$	400,000	$	347,816

Real Estate - Apartment - 0.1%
Deutsche Annington Finance B.V., FRN, 4.625%, 4/08/74	EUR	200,000	$	232,465
Deutsche Annington Immobilien SE, 2.125%, 7/09/22	EUR	225,000		258,738

			$	491,203
Real Estate - Healthcare - 0.4%
MPT Operating Partnership LP, REIT, 6.875%, 5/01/21	$	680,000	$	714,000
MPT Operating Partnership LP, REIT, 6.375%, 2/15/22		1,115,000		1,174,931

			$	1,888,931
Real Estate - Office - 0.1%
Boston Properties, Inc., REIT, 3.125%, 9/01/23	$	250,000	$	240,686

Real Estate - Other - 0.5%
DuPont Fabros Technology LP, REIT, 5.875%, 9/15/21	$	1,010,000	$	1,042,825
Felcor Lodging LP, REIT, 5.625%, 3/01/23		1,240,000		1,277,200
Host Hotels & Resorts, Inc., REIT, 4%, 6/15/25		190,000		184,703

			$	2,504,728
Real Estate - Retail - 0.3%
Brixmor Operating Partnership LP, REIT, 3.875%, 8/15/22	$	585,000	$	584,474
Hammerson PLC, REIT, 2.75%, 9/26/19	EUR	100,000		119,217
Hammerson PLC, REIT, 6%, 2/23/26	GBP	125,000		234,690

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Real Estate - Retail - continued
Simon Property Group, Inc., REIT, 10.35%, 4/01/19	$	360,000	$	452,484

			$	1,390,865
Restaurants - 0.0%
YUM! Brands, Inc., 5.35%, 11/01/43	$	250,000	$	237,802

Retailers - 1.8%
Bed Bath & Beyond, Inc., 5.165%, 8/01/44	$	145,000	$	139,394
Best Buy Co., Inc., 5.5%, 3/15/21		1,785,000		1,896,563
Bon Ton Stores, Inc., 8%, 6/15/21		505,000		328,250
Dollar General Corp., 4.125%, 7/15/17		400,000		413,728
Dollar General Corp., 3.25%, 4/15/23		98,000		93,217
DriveTime Automotive Group, Inc./DT Acceptance Corp., 8%, 6/01/21 (n)		726,000		671,550
Family Tree Escrow LLC, 5.75%, 3/01/23 (n)		1,600,000		1,676,000
Gap, Inc., 5.95%, 4/12/21		300,000		332,173
Home Depot, Inc., 4.875%, 2/15/44		200,000		212,788
Jo-Ann Stores Holdings, Inc., 9.75%, 10/15/19 (n)		610,000		512,400
Kohl’s Corp., 4.25%, 7/17/25		634,000		617,222
Marks & Spencer Group PLC, 4.75%, 6/12/25	GBP	100,000		165,277
Neiman Marcus Group Ltd., 8%, 10/15/21 (n)	$	620,000		654,100
Rite Aid Corp., 9.25%, 3/15/20		515,000		554,591
Rite Aid Corp., 6.75%, 6/15/21		385,000		406,135
Rite Aid Corp., 6.125%, 4/01/23 (n)		485,000		497,731

			$	9,171,119
Specialty Chemicals - 0.6%
Chemtura Corp., 5.75%, 7/15/21	$	1,890,000	$	1,894,725
Ecolab, Inc., 2.625%, 7/08/25	EUR	100,000		116,131
Mexichem S.A.B. de C.V., 5.875%, 9/17/44 (n)	$	238,000		211,225
Univar USA, Inc., 6.75%, 7/15/23 (n)		1,015,000		1,009,925

			$	3,232,006
Specialty Stores - 0.9%
Argos Merger Sub, Inc., 7.125%, 3/15/23 (n)	$	970,000	$	1,016,075
Group 1 Automotive, Inc., 5%, 6/01/22		1,400,000		1,389,500
Michaels Stores, Inc., 5.875%, 12/15/20 (n)		1,120,000		1,173,200
Office Depot de Mexico S.A. de C.V., 6.875%, 9/20/20 (n)		769,000		789,917

			$	4,368,692
Supermarkets - 0.1%
Loblaw Cos. Ltd., 4.86%, 9/12/23	CAD	262,000	$	224,074
William Morrison Supermarkets PLC, 3.5%, 7/27/26	GBP	100,000		139,064

			$	363,138
Supranational - 1.7%
European Investment Bank, 1.75%, 3/15/17	$	8,000,000	$	8,121,824
International Bank for Reconstruction and Development, 4.25%, 6/24/25	AUD	210,000		162,668
International Finance Corp., 3.25%, 7/22/19	AUD	305,000		223,804

			$	8,508,296
Telecommunications - Wireless - 4.2%
America Movil S.A.B. de C.V., 1%, 6/04/18	EUR	100,000	$	113,185
America Movil S.A.B. de C.V., 4.75%, 6/28/22	EUR	200,000		271,235
American Tower Corp., REIT, 3.5%, 1/31/23	$	465,000		442,564
Bharti Airtel International B.V., 3.375%, 5/20/21 (n)	EUR	100,000		117,714

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Telecommunications - Wireless - continued
Bharti Airtel Ltd., 4.375%, 6/10/25 (z)	$	395,000	$	393,365
Crown Castle International Corp., 4.875%, 4/15/22		385,000		395,106
Crown Castle International Corp., 5.25%, 1/15/23		1,200,000		1,255,500
Digicel Group Ltd., 8.25%, 9/30/20 (n)		1,053,000		974,025
Digicel Group Ltd., 6%, 4/15/21 (n)		680,000		622,751
Digicel Group Ltd., 7.125%, 4/01/22 (n)		425,000		370,281
Digicel Group Ltd., 6.75%, 3/01/23 (n)		1,350,000		1,238,625
Eileme 2 AB, 11.625%, 1/31/20 (n)		765,000		836,719
Millicom International Cellular S.A., 4.75%, 5/22/20 (n)		390,000		373,425
Millicom International Cellular S.A., 6.625%, 10/15/21 (n)		409,000		407,160
MTS International Funding Ltd., 5%, 5/30/23 (n)		488,000		424,560
SBA Tower Trust, 2.898%, 10/15/44 (n)		220,000		218,912
Sprint Capital Corp., 6.875%, 11/15/28		1,625,000		1,397,500
Sprint Corp., 7.875%, 9/15/23		955,000		917,994
Sprint Corp., 7.125%, 6/15/24		1,655,000		1,530,362
Sprint Nextel Corp., 9%, 11/15/18 (n)		880,000		980,100
Sprint Nextel Corp., 6%, 11/15/22		830,000		747,000
T-Mobile USA, Inc., 6.125%, 1/15/22		135,000		139,219
T-Mobile USA, Inc., 6.5%, 1/15/24		615,000		631,913
T-Mobile USA, Inc., 6.464%, 4/28/19		235,000		241,756
T-Mobile USA, Inc., 6.25%, 4/01/21		2,590,000		2,674,952
T-Mobile USA, Inc., 6.633%, 4/28/21		515,000		538,175
Wind Acquisition Finance S.A., 4%, 7/15/20 (n)	EUR	200,000		226,450
Wind Acquisition Finance S.A., 4.75%, 7/15/20 (n)	$	1,070,000		1,078,025
Wind Acquisition Finance S.A., 7.375%, 4/23/21 (n)		1,350,000		1,380,375

			$	20,938,948
Telephone Services - 0.8%
B Communications Ltd., 7.375%, 2/15/21 (n)	$	1,821,000	$	1,948,470
Level 3 Financing, Inc., 8.625%, 7/15/20		630,000		667,485
Level 3 Financing, Inc., 5.375%, 5/01/25 (n)		1,270,000		1,227,138
TELUS Corp., 5.05%, 7/23/20	CAD	265,000		227,071

			$	4,070,164
Tobacco - 0.4%
Altria Group, Inc., 2.85%, 8/09/22	$	376,000	$	361,733
Imperial Tobacco Finance PLC, 4.25%, 7/21/25 (z)		455,000		449,753
Philip Morris International, Inc., 4.875%, 11/15/43		174,000		182,500
Reynolds American, Inc., 8.125%, 6/23/19 (n)		92,000		108,497
Reynolds American, Inc., 6.75%, 6/15/17		400,000		432,752
Reynolds American, Inc., 3.25%, 6/12/20		75,000		75,980
Reynolds American, Inc., 4.45%, 6/12/25		98,000		100,704
Reynolds American, Inc., 5.7%, 8/15/35		118,000		124,924

			$	1,836,843
Transportation - Services - 1.3%
ERAC USA Finance LLC, 6.375%, 10/15/17 (n)	$	400,000	$	437,077
ERAC USA Finance LLC, 7%, 10/15/37 (n)		250,000		306,538
Heathrow Funding Ltd., 4.625%, 10/31/48	GBP	100,000		162,881
HIT Finance B.V., 4.875%, 10/27/21	EUR	150,000		201,391
Jack Cooper Holdings Corp., 10.25%, 6/01/20 (n)	$	1,140,000		1,037,400
Navios Maritime Acquisition Corp., 8.125%, 11/15/21 (n)		1,349,000		1,288,295
Navios Maritime Holding, Inc., 7.375%, 1/15/22 (n)		1,045,000		867,350
Stena AB, 7%, 2/01/24 (n)		1,770,000		1,548,750
Syncreon Group BV/Syncre, 8.625%, 11/01/21 (n)		670,000		479,050

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Bonds - continued
Transportation - Services - continued
Topaz Marine S.A., 8.625%, 11/01/18 (n)	$	208,000	$	195,260

			$	6,523,992
U.S. Government Agencies and Equivalents - 2.6%
Fannie Mae, 1.125%, 4/27/17	$	8,000,000	$	8,067,752
Freddie Mac, 0.875%, 2/22/17		5,000,000		5,016,025

			$	13,083,777
U.S. Treasury Obligations - 1.5%
U.S. Treasury Bonds, 5.375%, 2/15/31	$	286,200	$	390,916
U.S. Treasury Bonds, 4.5%, 2/15/36		95,000		122,702
U.S. Treasury Bonds, 4.75%, 2/15/37 (f)		3,042,200		4,061,535
U.S. Treasury Bonds, 3.125%, 2/15/43 (f)		2,920,000		3,019,919

			$	7,595,072
Utilities - Electric Power - 2.5%
AES Gener S.A., 5%, 7/14/25 (z)	$	207,000	$	210,287
American Electric Power Co., Inc., 1.65%, 12/15/17		185,000		184,405
Calpine Corp., 5.375%, 1/15/23		350,000		337,645
Calpine Corp., 5.5%, 2/01/24		565,000		545,225
CMS Energy Corp., 3.875%, 3/01/24		250,000		252,729
Covanta Holding Corp., 7.25%, 12/01/20		1,830,000		1,910,154
Covanta Holding Corp., 6.375%, 10/01/22		310,000		318,525
Covanta Holding Corp., 5.875%, 3/01/24		340,000		331,500
Dominion Resources, Inc., 2.5%, 12/01/19		250,000		250,689
Duke Energy Corp., 1.625%, 8/15/17		185,000		185,519
E.CL S.A., 5.625%, 1/15/21		757,000		824,606
E.CL S.A., 4.5%, 1/29/25 (n)		762,000		756,788
E.ON International Finance B.V., 6.375%, 6/07/32	GBP	50,000		94,516
EDP Finance B.V., 5.25%, 1/14/21 (n)	$	200,000		211,000
EDP Finance B.V., 4.125%, 1/20/21	EUR	150,000		184,225
Empresa Electrica Angamos S.A., 4.875%, 5/25/29 (n)	$	319,000		299,063
Enel Finance International N.V., 4.875%, 3/11/20	EUR	200,000		262,778
Enel S.p.A., 6.25%, 6/20/19	GBP	100,000		174,356
Enel S.p.A., 6.625% to 15/09/2021, FRN to 9/15/76	GBP	130,000		208,558
Greenko Dutch B.V., 8%, 8/01/19 (n)	$	378,000		382,158
NRG Energy, Inc., 8.25%, 9/01/20		1,085,000		1,120,263
NRG Energy, Inc., 6.25%, 7/15/22		115,000		112,125
NRG Energy, Inc., 6.625%, 3/15/23		1,805,000		1,773,413
PG&E Corp., 2.4%, 3/01/19		166,000		166,568
PPL WEM Holdings PLC, 5.375%, 5/01/21 (n)		250,000		277,464
Southern Electric Power Co. Ltd., 4.625%, 2/20/37	GBP	100,000		167,114
TerraForm Power Operating LLC, 6.125%, 6/15/25 (n)	$	825,000		777,563

			$	12,319,236
Total Bonds			$	558,821,627

Floating Rate Loans (g)(r) - 1.1%
Aerospace - 0.1%
TransDigm, Inc., Term Loan C, 3.75%, 2/28/20	$	539,486	$	533,513

Cable TV - 0.0%
Cequel Communications LLC, Term Loan B, 3.5%, 2/14/19	$	79,267	$	78,755

Portfolio of Investments (unaudited) – continued


Issuer	Shares/Par		Value ($)

Floating Rate Loans (g)(r) - continued
Conglomerates - 0.0%
Entegris, Inc., Term Loan B, 3.5%, 4/30/21	$	113,604	$	112,610

Consumer Services - 0.1%
Realogy Corp., Term Loan B, 3.75%, 3/05/20	$	307,092	$	306,421

Containers - 0.1%
Berry Plastics Holding Corp., Term Loan E, 3.75%, 1/06/21	$	325,291	$	322,490

Electronics - 0.1%
Avago Technologies Cayman Ltd., Term Loan B, 3.75%, 5/06/21	$	795,155	$	794,050

Energy - Independent - 0.1%
MEG Energy Corp., Term Loan, 3.75%, 3/31/20	$	458,403	$	426,200

Entertainment - 0.1%
Cedar Fair LP, Term Loan B, 3.25%, 3/06/20	$	327,318	$	328,137

Gaming & Lodging - 0.0%
Hilton Worldwide Finance LLC, Term Loan B2, 3.5%, 10/25/20	$	109,511	$	109,288

Medical & Health Technology & Services - 0.2%
DaVita HealthCare Partners, Inc., Term Loan B, 3.5%, 6/24/21	$	944,678	$	942,711

Printing & Publishing - 0.0%
CBS Outdoor Americas Capital LLC, Term Loan B, 3%, 1/31/21	$	96,113	$	95,593

Retailers - 0.0%
Rite Aid Corp., Second Lien Term Loan, 4.87%, 6/21/21	$	44,587	$	44,573

Transportation - Services - 0.3%
Commercial Barge Line Co., First Lien Term Loan, 7.5%, 9/15/19	$	1,322,268	$	1,317,310

Utilities - Electric Power - 0.0%
Calpine Construction Finance Co. LP, Term Loan B1, 3%, 5/03/20	$	122,203	$	119,708
Total Floating Rate Loans			$	5,531,359

Common Stocks - 0.2%
Automotive - 0.0%
Accuride Corp. (a)		12,648	$	42,877

Special Products & Services - 0.2%
iShares iBoxx $ High Yield Corporate Bond ETF		12,200	$	1,052,128
Total Common Stocks			$	1,095,005

Money Market Funds - 5.4%
MFS Institutional Money Market Portfolio, 0.11%, at Net Asset Value (v)		26,976,716	$	26,976,716
Total Investments			$	592,424,707

Other Assets, Less Liabilities - (18.1)%				(90,700,174	)
Net Assets - 100.0%			$	501,724,533

(a)	Non-income producing security.

(d)	In default.

(f)	All or a portion of the security has been segregated as collateral for open futures contracts.

(g)	The rate shown represents a weighted average coupon rate on settled positions at period end, unless otherwise indicated.

Portfolio of Investments (unaudited) – continued

(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 $176,461,863, representing 35.2% of net assets.

(p)	Payment-in-kind security.

(q)	Interest received was less than stated coupon rate.

(r)

Remaining maturities of floating rate loans may be less than stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty. These loans may be subject to restrictions on resale. Floating rate loans generally have rates of interest which are determined periodically by reference to a base lending rate plus a premium.

(v)	Underlying 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
AES Gener S.A., 5%, 7/14/25		7/09/15		$206,123		$210,287
American Media, Inc., 13.5%, 6/15/18		12/22/10		12,004		12,239
Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.798%, 12/28/40		3/01/06		640,424		400,403
Bharti Airtel Ltd., 4.375%, 6/10/25		6/03/15		392,301		393,365
Crown European Holdings S.A., 3.375%, 5/15/25		4/28/15		384,073		365,260
Dryden Senior Loan Fund, 2013-26A, “A”, CLO, FRN, 1.388%, 7/15/25		9/26/14		712,253		712,397
Imperial Tobacco Finance PLC, 4.25%, 7/21/25		7/15/15		445,469		449,753
Republic of Indonesia, 2.875%, 7/08/21		7/02/14		237,645		193,922
Smurfit Kappa Acquisitions, 2.75%, 2/01/25		2/11/15		310,613		295,168
Total Restricted Securities						$3,032,794
% of Net assets						0.6%

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


CDO		Collateralized Debt Obligation
CLO		Collateralized Loan Obligation
ETF		Exchange-Traded Fund
FRN		Floating Rate Note. Interest rate resets periodically and the current rate 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
BRL		Brazilian Real
CAD		Canadian Dollar
CHF		Swiss Franc
DKK		Danish Krone
EUR		Euro
GBP		British Pound
IDR		Indonesian Rupiah
INR		Indian Rupee
JPY		Japanese Yen
KRW		Korean Won
MXN		Mexican Peso
MYR		Malaysian Ringgit
NOK		Norwegian Krone
NZD		New Zealand Dollar

Portfolio of Investments (unaudited) – continued


SEK		Swedish Krona
SGD		Singapore Dollar
THB		Thailand Baht
ZAR		South African Rand

Derivative Contracts at 8/31/15

Forward Foreign Currency Exchange Contracts at 8/31/15


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.	6,766,172	10/09/15	$	5,000,844	$	4,806,028	$	194,816
BUY		BRL	JPMorgan Chase Bank N.A.	2,777,369	9/02/15		761,612		765,822		4,210
SELL		BRL	Deutsche Bank AG	13,590,212	9/02/15-10/02/15		3,987,594		3,726,569		261,025
SELL		BRL	JPMorgan Chase Bank N.A.	7,012,394	9/02/15		1,956,965		1,933,573		23,392
SELL		CAD	Goldman Sachs International	1,780,384	10/09/15		1,358,341		1,353,151		5,190
SELL		CAD	Merrill Lynch International	10,214,617	10/09/15		8,060,994		7,763,445		297,549
BUY		EUR	Barclays Bank PLC	64,000	10/09/15		71,172		71,857		685
BUY		EUR	Goldman Sachs International	5,045,406	10/09/15		5,529,488		5,664,826		135,338
BUY		EUR	Merrill Lynch International	575,000	10/09/15		627,138		645,592		18,454
SELL		GBP	Barclays Bank PLC	3,160,394	10/09/15		4,913,102		4,848,633		64,469
SELL		GBP	Goldman Sachs International	1,738,661	10/09/15		2,712,958		2,667,430		45,528
SELL		GBP	Merrill Lynch International	3,160,394	10/09/15		4,918,471		4,848,633		69,838
SELL		IDR	Barclays Bank PLC	29,789,040,868	10/07/15		2,164,901		2,102,967		61,934
BUY		JPY	Deutsche Bank AG	301,687,000	9/09/15		2,438,052		2,488,575		50,523
BUY		JPY	Goldman Sachs International	17,823,000	10/09/15		143,731		147,101		3,370
BUY		KRW	JPMorgan Chase Bank N.A.	44,218,500	10/13/15		37,321		37,339		18
SELL		NOK	Goldman Sachs International	39,629,594	10/09/15		4,813,506		4,787,189		26,317
SELL		NZD	Goldman Sachs International	3,166,028	10/09/15		2,090,779		2,000,856		89,923
SELL		NZD	JPMorgan Chase Bank N.A.	1,272,000	10/09/15		837,670		803,875		33,795
SELL		NZD	Westpac Banking Corp.	5,905,535	10/09/15		3,900,252		3,732,161		168,091
SELL		THB	JPMorgan Chase Bank N.A.	83,682,000	9/14/15		2,359,898		2,333,210		26,688

										$	1,581,153

Liability Derivatives
BUY		AUD	Barclays Bank PLC	137,000	10/09/15	$	101,249	$	97,311	$	(3,938	)
BUY		AUD	Goldman Sachs International	2,037,000	10/09/15		1,505,628		1,446,886		(58,742	)
BUY		BRL	Deutsche Bank AG	9,267,581	9/02/15		2,640,459		2,555,411		(85,048	)
BUY		BRL	JPMorgan Chase Bank N.A.	11,247,419	9/02/15-10/02/15		3,139,558		3,080,831		(58,727	)
SELL		BRL	Deutsche Bank AG	2,777,369	9/02/15		761,612		765,822		(4,210	)
BUY		CAD	Goldman Sachs International	179,000	10/09/15		137,818		136,046		(1,772	)
BUY		CHF	UBS AG	15,082	10/09/15		15,931		15,622		(309	)
SELL		DKK	Goldman Sachs International	6,145,566	10/09/15		912,997		924,725		(11,728	)
SELL		EUR	Barclays Bank PLC	900,000	10/09/15		1,009,117		1,010,492		(1,375	)
SELL		EUR	Goldman Sachs International	1,172,066	10/09/15		1,286,998		1,315,959		(28,961	)
SELL		EUR	JPMorgan Chase Bank N.A.	4,497,000	10/09/15		4,907,466		5,049,093		(141,627	)
SELL		EUR	Royal Bank of Scotland Group PLC	1,283,000	10/09/15		1,410,297		1,440,513		(30,216	)
SELL		EUR	UBS AG	28,229,534	10/09/15		30,891,551		31,695,252		(803,701	)
BUY		GBP	Barclays Bank PLC	1,580,000	10/09/15		2,446,280		2,424,014		(22,266	)
BUY		GBP	Goldman Sachs International	414,199	10/09/15		643,269		635,459		(7,810	)
BUY		GBP	JPMorgan Chase Bank N.A.	3,149,000	10/09/15		4,910,630		4,831,152		(79,478	)
BUY		INR	Barclays Bank PLC	79,660,000	10/07/15		1,239,651		1,190,704		(48,947	)
BUY		INR	JPMorgan Chase Bank N.A.	80,716,000	10/07/15		1,253,354		1,206,488		(46,866	)
SELL		JPY	Credit Suisse Group	799,037,949	10/09/15		6,531,556		6,594,804		(63,248	)
SELL		JPY	Deutsche Bank AG	824,037,949	10/09/15		6,733,830		6,801,139		(67,309	)
SELL		JPY	Goldman Sachs International	333,311,000	10/09/15		2,685,783		2,750,959		(65,176	)
BUY		MXN	Goldman Sachs International	882,458	10/09/15		55,386		52,672		(2,714	)
BUY		MYR	JPMorgan Chase Bank N.A.	235,000	10/26/15		61,230		55,730		(5,500	)
BUY		NZD	JPMorgan Chase Bank N.A.	3,295,000	10/09/15		2,190,831		2,082,364		(108,467	)
SELL		SEK	Goldman Sachs International	5,674,668	10/09/15		664,707		670,864		(6,157	)

Portfolio of Investments (unaudited) – continued

Forward Foreign Currency Exchange Contracts at 8/31/15 - continued


Type	Currency		Counterparty	Contracts to Deliver/Receive	Settlement Date Range	In Exchange For		Contracts at Value		Net Unrealized Appreciation (Depreciation)
Liability Derivatives – continued
BUY		SGD	Goldman Sachs International	40,141	10/09/15	$	29,638	$	28,397	$	(1,241	)
BUY		ZAR	Citibank N.A.	569,852	10/09/15		44,770		42,697		(2,073	)

										$	(1,757,606	)

Futures Contracts at 8/31/15


Description	Currency		Contracts		Value	Expiration Date	Unrealized Appreciation (Depreciation)
Asset Derivatives
*Interest Rate Futures*
German Euro Bobl 5 yr (Long)		EUR		115	$16,780,014	September - 2015		$114,594
German Euro Bund 10 yr (Long)		EUR		82	14,086,775	September - 2015		130,995
German Euro Buxl 30 yr (Long)		EUR		17	2,891,623	September - 2015		8,356
Japanese Government Bond 10 yr (Long)		JPY		18	21,967,914	September - 2015		197,245
U.S. Treasury Bond 30 yr (Short)		USD		4	618,500	December - 2015		1,611
U.S. Treasury Note 10 yr (Short)		USD		644	81,828,250	December - 2015		17,797
U.S. Treasury Note 2 yr (Short)		USD		121	26,434,719	December - 2015		35,498

								$506,096

Liability Derivatives
*Interest Rate Futures*
U.K. Gilt 10 yr (Long)		GBP		35	$6,293,982	December - 2015		$(17,321	)

At August 31, 2015, the fund had cash collateral of $340,000 and other liquid securities with an aggregate value of $2,058,947 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.

Supplemental Information

8/31/15 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

(1) Investment Valuations

Debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Equity securities, including restricted equity securities, are generally valued at the last sale or official closing price as provided by a third-party pricing service on the market or exchange on which they are primarily traded. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation as provided by a third-party pricing service on the market or exchange on which such securities are primarily traded. Short-term instruments with a maturity at issuance of 60 days or less may be 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

Supplemental Information (unaudited) – continued

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 August 31, 2015 in valuing the fund’s assets or liabilities:


Investments at Value	Level 1		Level 2			Level 3		Total
Equity Securities		$1,095,005		$—			$—		$1,095,005
U.S. Treasury Bonds & U.S. Government Agency & Equivalents		—		20,678,849			—		20,678,849
Non-U.S. Sovereign Debt		—		89,225,568			—		89,225,568
U.S. Corporate Bonds		—		325,804,028			—		325,804,028
Residential Mortgage-Backed Securities		—		7,041,066			—		7,041,066
Commercial Mortgage-Backed Securities		—		18,399,866			—		18,399,866
Asset-Backed Securities (including CDOs)		—		1,961,896			—		1,961,896
Foreign Bonds		—		95,429,758			280,596		95,710,354
Floating Rate Loans		—		5,531,359			—		5,531,359
Mutual Funds		26,976,716		—			—		26,976,716
Total Investments		$28,071,721		$564,072,390			$280,596		$592,424,707

Other Financial Instruments
Futures Contracts		$488,775		$—			$—		$488,775
Forward Foreign Currency Exchange Contracts		—		(176,453	)		—		(176,453	)

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

The following is a reconciliation of level 3 assets for which significant unobservable inputs were used to determine fair value. The fund’s policy is to recognize transfers between the levels as of the end of the period. The table presents the activity of level 3 securities held at the beginning and the end of the period.


	Investments in Securities
Balance as of 11/30/14		$—
Transfers into level 3		280,596
Balance as of 8/31/15		$280,596

At August 31, 2015, the fund held one level 3 security.

(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	$628,140,319
Gross unrealized appreciation	5,572,771
Gross unrealized depreciation	(41,288,383	)
Net unrealized appreciation (depreciation)	$(35,715,612	)

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		5,215,597		145,334,622		(123,573,503	)		26,976,716

Underlying Affiliated Fund	Realized Gain (Loss)		Capital Gain Distributions		Dividend Income			Ending Value
MFS Institutional Money Market Portfolio		$—		$—		$14,857			$26,976,716

Supplemental Information (unaudited) – continued

(4) Issuer Country Weightings

Issuer country weighting percentages of portfolio holdings based on net assets, as of August 31, 2015, are as follows:


United States			49.6%
Germany			8.2%
Japan			7.0%
Canada			5.0%
United Kingdom			4.4%
Italy			2.9%
Mexico			2.1%
Israel			1.8%
Supranational			1.7%
Other Countries			17.3%

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

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 CHARTER INCOME TRUST


By (Signature and Title)*		ROBIN A. STELMACH
		Robin A. Stelmach, President

Date: October 15, 2015

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)*

ROBIN A. STELMACH

Robin A. Stelmach, President

(Principal Executive Officer)

Date: October 15, 2015

By (Signature and Title)*

DAVID L. DILORENZO

David L. DiLorenzo, Treasurer (Principal Financial Officer

and Accounting Officer)

Date: October 15, 2015

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