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 811-04253
MFS SERIES TRUST XV
(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: April 30
Date of reporting period: January 31, 2013*
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*
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This Form N-Q pertains to the following series of the Registrant: MFS Commodity Strategy Fund.
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ITEM 1.
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SCHEDULE OF INVESTMENTS.
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QUARTERLY REPORT
January 31, 2013
MFS® COMMODITY
STRATEGY FUND
PORTFOLIO OF INVESTMENTS
1/31/13 (unaudited)
The Portfolio of Investments is a complete list of all securities owned by your fund. It is
categorized by broad-based asset classes.
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Issuer
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Shares/Par
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Value ($)
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Bonds - 59.8%
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Airlines - 0.2%
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Continental Airlines, Inc., FRN, 0.66%, 2013
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$
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597,654
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$
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594,964
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Apparel Manufacturers - 0.2%
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VF Corp., FRN, 1.061%, 2013
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$
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860,000
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$
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863,508
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Asset-Backed & Securitized - 4.3%
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Anthracite Ltd., “A”, CDO, FRN, 0.564%, 2019 (z)
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$
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207,807
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$
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204,794
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ARI Fleet Lease Trust, “A”, FRN, 0.755%, 2020 (n)
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1,026,859
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1,029,696
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ARI Fleet Lease Trust, “A”, FRN, 0.505%, 2021 (n)
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1,037,029
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1,037,300
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Capital Trust Realty Ltd., CDO, 5.16%, 2035 (n)
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237,462
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239,266
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Chesapeake Funding LLC, “A”, FRN, 1.955%, 2021 (z)
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112,373
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113,008
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Chesapeake Funding LLC, “A”, FRN, 0.957%, 2023 (z)
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1,057,000
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1,062,246
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CNH Equipment Trust, “A2”, 0.45%, 2016
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990,000
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989,992
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Credit Acceptance Auto Loan Trust, “A”, 2.2%, 2019 (z)
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250,000
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253,722
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Ford Credit Auto Lease Trust, “A2”, 0.74%, 2013
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9,554
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9,555
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Ford Credit Auto Owner Trust, “A2”, 0.4%, 2015
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990,000
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989,933
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Ford Credit Floorplan Master Owner Trust, “A”, FRN, 0.555%, 2016
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790,000
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790,257
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Ford Credit Floorplan Master Owner Trust, “A2”, FRN, 0.805%, 2015
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634,000
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635,643
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GE Equipment Transportation LLC, “A2”, 0.77%, 2014
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387,904
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388,441
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Hertz Vehicle Financing LLC, 2010-1A, “A1”, 2.6%, 2015 (n)
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740,000
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753,021
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HLSS Servicer Advance Receivables Trust, 2013-T1, “A1”, 0.898%, 2044 (n)
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1,290,000
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1,290,903
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Home Loan Servicing Solutions Ltd., 1.34%, 2043 (n)
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320,000
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321,000
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Hyundai Auto Receivables Trust, “A3”, 1.16%, 2015
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423,285
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424,812
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Mercedes Benz Master Owner Trust, FRN, 0.475%, 2016 (n)
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1,200,000
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1,200,000
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Nissan Auto Lease Trust, “A2”, 0.7%, 2014
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74,425
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74,439
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Porsche Innovative Lease Owner Trust, 0.92%, 2014 (n)
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185,907
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186,044
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Porsche Innovative Lease Owner Trust, 0.44%, 2015 (n)
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480,000
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480,166
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Santander Drive Auto Receivable Trust, “A2”, 1.04%, 2014
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123,146
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123,207
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Santander Drive Auto Receivable Trust, “A2”, 0.91%, 2015
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322,612
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323,395
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Santander Drive Auto Receivable Trust, “A2”, 0.57%, 2015
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1,220,000
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1,220,845
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Smart Trust, “A2B”, FRN, 0.755%, 2014 (n)
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475,664
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476,478
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Smart Trust, “A2B”, FRN, 0.535%, 2015 (n)
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840,000
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840,630
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Wachovia Bank Commercial Mortgage Trust, “A3”, FRN, 5.924%, 2051
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649,202
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675,652
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$
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16,134,445
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Automotive - 2.7%
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American Honda Finance Corp., 1.625%, 2013 (n)
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$
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700,000
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$
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705,509
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American Honda Finance Corp., 1.85%, 2014 (n)
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460,000
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467,394
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American Honda Finance Corp., 1%, 2015 (n)
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810,000
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814,170
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American Honda Finance Corp., FRN, 0.53%, 2014 (n)
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570,000
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570,217
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Daimler Finance North America LLC, FRN, 0.905%, 2015 (n)
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1,200,000
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1,199,566
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Daimler Finance North America LLC, FRN, 1.635%, 2013 (n)
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490,000
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492,430
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Daimler Finance North America LLC, FRN, 1.509%, 2013 (n)
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560,000
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562,900
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Daimler Finance North America LLC, FRN, 0.92%, 2014 (n)
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640,000
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641,699
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Ford Motor Credit Co. LLC, 4.207%, 2016
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360,000
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383,147
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Harley-Davidson Financial Services, 3.875%, 2016 (n)
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570,000
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608,586
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Hyundai Capital America, 1.625%, 2015 (n)
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710,000
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714,892
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RCI Banque S.A., FRN, 2.175%, 2014 (n)
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750,000
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749,728
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Toyota Motor Credit Corp., 3.2%, 2015
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600,000
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635,726
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Volkswagen International Finance N.V., FRN, 1.06%, 2014 (n)
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1,100,000
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1,105,316
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Volkswagen International Finance N.V., FRN, 0.911%, 2014 (n)
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500,000
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499,825
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$
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10,151,105
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1
Portfolio of Investments (unaudited) – continued
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Issuer
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Shares/Par
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Value ($)
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Bonds - continued
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Banks & Diversified Financials (Covered Bonds) - 2.4%
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Australia & New Zealand Banking Group, FRN, 0.915%, 2015 (n)
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$
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310,000
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$
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310,792
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Bank of Nova Scotia, 1.45%, 2013 (n)
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620,000
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623,162
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BNP Paribas Home Loan, 2.2%, 2015 (n)
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1,000,000
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1,033,800
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Canadian Imperial Bank of Commerce, 2%, 2013 (n)
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750,000
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750,000
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Commonwealth Bank of Australia, 0.75%, 2016 (n)
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840,000
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837,564
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Compagnie de Financement Foncier, 2.125%, 2013 (n)
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700,000
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702,240
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Credit Mutuel-CIC Home Loan, 1.5%, 2017 (n)
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1,000,000
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993,900
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DnB Nor Boligkreditt AS, 2.1%, 2015 (n)
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700,000
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723,870
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National Bank of Canada, 2.2%, 2016 (n)
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1,060,000
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1,111,304
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Norddeutsche Landesbank, 0.875%, 2015 (n)
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400,000
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400,660
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SpareBank 1 Boligkreditt A.S., 2.625%, 2016 (n)
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750,000
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789,675
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Stadshypotek AB, FRN, 0.861%, 2013 (n)
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800,000
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802,493
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$
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9,079,460
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Broadcasting - 0.4%
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NBCUniversal Media LLC, 2.1%, 2014
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$
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400,000
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$
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406,386
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Vivendi S.A., 2.4%, 2015 (n)
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440,000
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448,364
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WPP Finance, 8%, 2014
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750,000
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825,723
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$
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1,680,473
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Brokerage & Asset Managers - 0.4%
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BlackRock, Inc., 3.5%, 2014
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$
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750,000
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$
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791,031
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BlackRock, Inc., 1.375%, 2015
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500,000
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508,806
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Franklin Resources, Inc., 1.375%, 2017
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182,000
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182,186
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$
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1,482,023
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Cable TV - 0.4%
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Comcast Corp., 5.3%, 2014
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$
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600,000
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$
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626,866
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DIRECTV Holdings LLC, 4.75%, 2014
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500,000
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531,557
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DIRECTV Holdings LLC, 2.4%, 2017
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520,000
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530,603
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$
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1,689,026
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Chemicals - 0.4%
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Dow Chemical Co., 7.6%, 2014
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$
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279,000
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$
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303,028
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Potash Corp. of Saskatchewan, Inc., 5.25%, 2014
|
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720,000
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761,580
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PPG Industries, Inc., 5.75%, 2013
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621,000
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624,570
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$
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1,689,178
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Computer Software - 0.2%
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Adobe Systems, Inc., 3.25%, 2015
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$
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700,000
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$
|
732,212
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Conglomerates - 0.9%
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ABB Finance (USA), Inc., 1.625%, 2017
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$
|
495,000
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$
|
499,339
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ABB Treasury Center USA, Inc., 2.5%, 2016 (n)
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503,000
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|
523,573
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General Electric Co., 0.85%, 2015
|
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450,000
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|
450,713
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Ingersoll-Rand Global Holding Co. Ltd., 6%, 2013
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320,000
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|
329,247
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Ingersoll-Rand Global Holding Co. Ltd., 9.5%, 2014
|
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|
500,000
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|
548,357
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Pentair Finance S.A., 1.35%, 2015 (n)
|
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|
650,000
|
|
|
|
649,225
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United Technologies Corp., FRN, 0.81%, 2015
|
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|
460,000
|
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|
|
464,308
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$
|
3,464,762
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Consumer Products - 1.0%
|
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Clorox Co., 5%, 2013
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$
|
670,000
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|
|
$
|
672,177
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LVMH Moet Hennessy Louis Vuitton S.A., 1.625%, 2017 (n)
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530,000
|
|
|
|
532,312
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Mattel, Inc., 5.625%, 2013
|
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410,000
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|
|
412,235
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|
2
Portfolio of Investments (unaudited) – continued
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Issuer
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Shares/Par
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Value ($)
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Bonds - continued
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Consumer Products - continued
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Mattel, Inc., 2.5%, 2016
|
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$
|
400,000
|
|
|
$
|
416,653
|
|
|
Newell Rubbermaid, Inc., 2%, 2015
|
|
|
600,000
|
|
|
|
610,997
|
|
|
Newell Rubbermaid, Inc., 2.05%, 2017
|
|
|
426,000
|
|
|
|
426,346
|
|
|
Phillips Electronics N.V., 7.25%, 2013
|
|
|
600,000
|
|
|
|
619,626
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,690,346
|
|
|
Consumer Services - 0.5%
|
|
|
|
|
|
|
|
|
|
eBay, Inc., 1.35%, 2017
|
|
$
|
507,000
|
|
|
$
|
509,360
|
|
|
Experian Finance PLC, 2.375%, 2017 (n)
|
|
|
462,000
|
|
|
|
470,321
|
|
|
Western Union Co., 2.375%, 2015
|
|
|
330,000
|
|
|
|
335,332
|
|
|
Western Union Co., FRN, 0.89%, 2013
|
|
|
470,000
|
|
|
|
470,209
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,785,222
|
|
|
Defense Electronics - 0.2%
|
|
|
|
|
|
|
|
|
|
BAE Systems Holdings, Inc., 4.95%, 2014 (n)
|
|
$
|
600,000
|
|
|
$
|
628,525
|
|
|
|
|
|
|
Electronics - 0.8%
|
|
|
|
|
|
|
|
|
|
Applied Materials, Inc., 2.65%, 2016
|
|
$
|
750,000
|
|
|
$
|
789,421
|
|
|
Broadcom Corp., 1.5%, 2013
|
|
|
600,000
|
|
|
|
605,042
|
|
|
Intel Corp., 1.35%, 2017
|
|
|
1,052,000
|
|
|
|
1,048,448
|
|
|
Tyco Electronics Group S.A., 1.6%, 2015
|
|
|
500,000
|
|
|
|
506,804
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,949,715
|
|
|
Emerging Market Quasi-Sovereign - 0.9%
|
|
|
|
|
|
|
|
|
|
Banco do Nordeste do Brasil (BNB), 3.625%, 2015 (n)
|
|
$
|
101,000
|
|
|
$
|
104,030
|
|
|
Corporacion Nacional del Cobre de Chile, 4.75%, 2014 (n)
|
|
|
580,000
|
|
|
|
612,613
|
|
|
Gaz Capital S.A., 4.95%, 2016 (n)
|
|
|
205,000
|
|
|
|
219,223
|
|
|
Korea Development Bank, 1%, 2016
|
|
|
710,000
|
|
|
|
705,261
|
|
|
Korea Gas Corp., 2.25%, 2017 (n)
|
|
|
440,000
|
|
|
|
445,210
|
|
|
Petrobras International Finance Co., 3.875%, 2016
|
|
|
735,000
|
|
|
|
769,774
|
|
|
Rosneft, 3.149%, 2017 (z)
|
|
|
394,000
|
|
|
|
394,493
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,250,604
|
|
|
Emerging Market Sovereign - 0.4%
|
|
|
|
|
|
|
|
|
|
Russian Federation, 3.25%, 2017 (n)
|
|
$
|
800,000
|
|
|
$
|
848,000
|
|
|
State of Qatar, 5.15%, 2014 (n)
|
|
|
600,000
|
|
|
|
628,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,476,800
|
|
|
Energy - Independent - 0.5%
|
|
|
|
|
|
|
|
|
|
Encana Corp., 5.9%, 2017
|
|
$
|
585,000
|
|
|
$
|
691,668
|
|
|
Encana Holdings Finance Corp., 5.8%, 2014
|
|
|
550,000
|
|
|
|
582,908
|
|
|
Hess Corp., 7%, 2014
|
|
|
503,000
|
|
|
|
533,073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,807,649
|
|
|
Energy - Integrated - 1.6%
|
|
|
|
|
|
|
|
|
|
BG Energy Capital PLC, 2.875%, 2016 (n)
|
|
$
|
570,000
|
|
|
$
|
606,867
|
|
|
BP Capital Markets PLC, 3.125%, 2015
|
|
|
600,000
|
|
|
|
635,600
|
|
|
BP Capital Markets PLC, 0.7%, 2015
|
|
|
650,000
|
|
|
|
648,939
|
|
|
Cenovus Energy, Inc., 4.5%, 2014
|
|
|
500,000
|
|
|
|
529,303
|
|
|
Chevron Corp., 1.104%, 2017
|
|
|
567,000
|
|
|
|
566,785
|
|
|
Husky Energy, Inc., 5.9%, 2014
|
|
|
600,000
|
|
|
|
641,930
|
|
|
Petro-Canada Financial Partnership, 5%, 2014
|
|
|
580,000
|
|
|
|
621,838
|
|
|
Shell International Finance B.V., 1.125%, 2017
|
|
|
550,000
|
|
|
|
548,752
|
|
|
Total Capital Canada Ltd., 0.683%, 2016
|
|
|
160,000
|
|
|
|
160,599
|
|
|
Total Capital International S.A., 1.5%, 2017
|
|
|
600,000
|
|
|
|
606,781
|
|
3
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Energy - Integrated - continued
|
|
|
|
|
|
|
|
|
|
TOTAL S.A., 3%, 2015
|
|
$
|
520,000
|
|
|
$
|
547,685
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,115,079
|
|
|
Entertainment - 0.4%
|
|
|
|
|
|
|
|
|
|
Viacom, Inc., 1.25%, 2015
|
|
$
|
800,000
|
|
|
$
|
807,179
|
|
|
Walt Disney Co., 0.45%, 2015
|
|
|
800,000
|
|
|
|
797,092
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,604,271
|
|
|
Financial Institutions - 1.0%
|
|
|
|
|
|
|
|
|
|
General Electric Capital Corp., 1.875%, 2013
|
|
$
|
540,000
|
|
|
$
|
545,229
|
|
|
General Electric Capital Corp., 2.15%, 2015
|
|
|
1,000,000
|
|
|
|
1,027,909
|
|
|
General Electric Capital Corp., 0.91%, 2015
|
|
|
410,000
|
|
|
|
411,159
|
|
|
General Electric Capital Corp., 0.905%, 2016
|
|
|
580,000
|
|
|
|
581,687
|
|
|
General Electric Capital Corp., FRN, 1.155%, 2014
|
|
|
300,000
|
|
|
|
302,432
|
|
|
LeasePlan Corp. N.V., 3%, 2017 (n)
|
|
|
540,000
|
|
|
|
545,724
|
|
|
NYSE Euronext, 2%, 2017
|
|
|
486,000
|
|
|
|
496,202
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,910,342
|
|
|
Food & Beverages - 4.0%
|
|
|
|
|
|
|
|
|
|
Anheuser-Busch InBev S.A., 3.625%, 2015
|
|
$
|
200,000
|
|
|
$
|
212,806
|
|
|
Anheuser-Busch InBev S.A., 0.8%, 2016
|
|
|
520,000
|
|
|
|
519,486
|
|
|
Anheuser-Busch InBev S.A., 1.375%, 2017
|
|
|
890,000
|
|
|
|
893,179
|
|
|
Cadbury Schweppes U.S. Finance, 5.125%, 2013
|
|
|
700,000
|
|
|
|
718,250
|
|
|
Campbell Soup Co., FRN, 0.612%, 2014
|
|
|
730,000
|
|
|
|
732,383
|
|
|
Coca Cola Co., 0.75%, 2013
|
|
|
700,000
|
|
|
|
702,281
|
|
|
Conagra Foods, Inc., 5.875%, 2014
|
|
|
600,000
|
|
|
|
635,300
|
|
|
Conagra Foods, Inc., 1.3%, 2016
|
|
|
530,000
|
|
|
|
531,481
|
|
|
Diageo Capital PLC, 7.375%, 2014
|
|
|
430,000
|
|
|
|
457,214
|
|
|
Diageo Capital PLC, 1.5%, 2017
|
|
|
850,000
|
|
|
|
856,958
|
|
|
General Mills, Inc. , 0.597%, 2016
|
|
|
430,000
|
|
|
|
430,384
|
|
|
General Mills, Inc., 5.25%, 2013
|
|
|
600,000
|
|
|
|
615,099
|
|
|
General Mills, Inc., 5.2%, 2015
|
|
|
200,000
|
|
|
|
219,053
|
|
|
H.J. Heinz Co., 5.35%, 2013
|
|
|
600,000
|
|
|
|
612,920
|
|
|
Heineken N.V., 0.8%, 2015 (n)
|
|
|
440,000
|
|
|
|
440,461
|
|
|
Ingredion, Inc., 3.2%, 2015
|
|
|
170,000
|
|
|
|
178,131
|
|
|
Ingredion, Inc., 1.8%, 2017
|
|
|
314,000
|
|
|
|
313,136
|
|
|
Kellogg Co., 4.45%, 2016
|
|
|
320,000
|
|
|
|
353,035
|
|
|
Kraft Foods Group, Inc. , 1.625%, 2015
|
|
|
920,000
|
|
|
|
935,345
|
|
|
Miller Brewing Co., 5.5%, 2013 (n)
|
|
|
600,000
|
|
|
|
615,814
|
|
|
Molson Coors Brewing Co., 2%, 2017
|
|
|
960,000
|
|
|
|
977,965
|
|
|
PepsiAmericas, Inc., 4.375%, 2014
|
|
|
700,000
|
|
|
|
727,329
|
|
|
PepsiCo, Inc., 2.5%, 2016
|
|
|
970,000
|
|
|
|
1,018,391
|
|
|
Pernod-Ricard S.A., 2.95%, 2017 (n)
|
|
|
800,000
|
|
|
|
835,625
|
|
|
SABMiller Holdings, Inc., 1.85%, 2015 (n)
|
|
|
420,000
|
|
|
|
427,510
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,959,536
|
|
|
Food & Drug Stores - 0.3%
|
|
|
|
|
|
|
|
|
|
CVS Caremark Corp., 3.25%, 2015
|
|
$
|
600,000
|
|
|
$
|
634,354
|
|
|
Walgreen Co., 1%, 2015
|
|
|
650,000
|
|
|
|
650,363
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,284,717
|
|
|
Gaming & Lodging - 0.2%
|
|
|
|
|
|
|
|
|
|
Wyndham Worldwide Corp., 2.95%, 2017
|
|
$
|
580,000
|
|
|
$
|
589,585
|
|
4
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Industrial - 0.1%
|
|
|
|
|
|
|
|
|
|
Cornell University, 4.35%, 2014
|
|
$
|
465,000
|
|
|
$
|
482,481
|
|
|
|
|
|
|
Insurance - 1.7%
|
|
|
|
|
|
|
|
|
|
Aflac, Inc., 3.45%, 2015
|
|
$
|
700,000
|
|
|
$
|
744,692
|
|
|
American International Group, Inc., 3.65%, 2014
|
|
|
280,000
|
|
|
|
287,834
|
|
|
American International Group, Inc., 3%, 2015
|
|
|
730,000
|
|
|
|
758,108
|
|
|
Lincoln National Corp., 4.3%, 2015
|
|
|
250,000
|
|
|
|
269,567
|
|
|
MassMutual Global Funding, FRN, 0.81%, 2013 (n)
|
|
|
600,000
|
|
|
|
601,996
|
|
|
MetLife Institutional Funding II LLC, FRN, 0.675%, 2015 (n)
|
|
|
480,000
|
|
|
|
480,559
|
|
|
MetLife, Inc., 1.756%, 2017
|
|
|
178,000
|
|
|
|
178,530
|
|
|
MetLife, Inc., FRN, 1.562%, 2013
|
|
|
1,390,000
|
|
|
|
1,398,444
|
|
|
New York Life Global Funding, 1.3%, 2015 (n)
|
|
|
1,450,000
|
|
|
|
1,470,632
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,190,362
|
|
|
Insurance - Health - 0.6%
|
|
|
|
|
|
|
|
|
|
Aetna, Inc., 1.5%, 2017
|
|
$
|
100,000
|
|
|
$
|
99,806
|
|
|
UnitedHealth Group, Inc., 4.875%, 2013
|
|
|
880,000
|
|
|
|
881,046
|
|
|
UnitedHealth Group, Inc., 4.875%, 2013
|
|
|
479,000
|
|
|
|
482,198
|
|
|
WellPoint, Inc., 5%, 2014
|
|
|
740,000
|
|
|
|
796,435
|
|
|
Wellpoint, Inc., 1.25%, 2015
|
|
|
20,000
|
|
|
|
20,147
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,279,632
|
|
|
Insurance - Property & Casualty - 0.8%
|
|
|
|
|
|
|
|
|
|
ACE Ltd., 2.6%, 2015
|
|
$
|
550,000
|
|
|
$
|
577,981
|
|
|
Aon Corp., 3.5%, 2015
|
|
|
600,000
|
|
|
|
630,765
|
|
|
AXIS Capital Holdings Ltd., 5.75%, 2014
|
|
|
800,000
|
|
|
|
856,226
|
|
|
Berkshire Hathaway, Inc., FRN, 1.01%, 2014
|
|
|
870,000
|
|
|
|
878,385
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,943,357
|
|
|
International Market Quasi-Sovereign - 4.0%
|
|
|
|
|
|
|
|
|
|
Achmea Hypotheekbank N.V., 3.2%, 2014 (n)
|
|
$
|
304,000
|
|
|
$
|
317,802
|
|
|
Caisse d’Amortissement de la Dette Sociale, 3.5%, 2014
|
|
|
1,200,000
|
|
|
|
1,250,290
|
|
|
Dexia Credit Local, NY, 2%, 2013 (n)
|
|
|
500,000
|
|
|
|
500,490
|
|
|
Electricite de France PLC, 5.5%, 2014 (n)
|
|
|
750,000
|
|
|
|
784,301
|
|
|
Finance for Danish Industry A.S., FRN, 0.679%, 2013 (n)
|
|
|
1,500,000
|
|
|
|
1,501,545
|
|
|
ING Bank N.V., 3.9%, 2014 (n)
|
|
|
1,250,000
|
|
|
|
1,298,198
|
|
|
KfW Bankengruppe, 1.375%, 2013
|
|
|
1,100,000
|
|
|
|
1,105,060
|
|
|
KfW Bankengruppe, 3.5%, 2014
|
|
|
1,250,000
|
|
|
|
1,293,588
|
|
|
Kommunalbanken A.S., 1.75%, 2015 (n)
|
|
|
1,200,000
|
|
|
|
1,235,880
|
|
|
Kommunalbanken A.S., 1%, 2018 (n)
|
|
|
330,000
|
|
|
|
326,382
|
|
|
Kommunalbanken A.S., FRN, 0.43%, 2016 (n)
|
|
|
160,000
|
|
|
|
159,817
|
|
|
Kommunalbanken AS, 1%, 2014 (n)
|
|
|
300,000
|
|
|
|
302,592
|
|
|
Landwirtschaftliche Rentenbank, 5%, 2013
|
|
|
1,100,000
|
|
|
|
1,101,408
|
|
|
Nederlandse Waterschapsbank N.V., 1.375%, 2014 (n)
|
|
|
700,000
|
|
|
|
708,134
|
|
|
Societe Financement de l’ Economie Francaise, 3.375%, 2014 (n)
|
|
|
1,400,000
|
|
|
|
1,451,352
|
|
|
Statoil A.S.A., 2.9%, 2014
|
|
|
700,000
|
|
|
|
727,703
|
|
|
Statoil A.S.A., 1.8%, 2016
|
|
|
350,000
|
|
|
|
360,492
|
|
|
Vestjysk Bank A/S, FRN, 0.858%, 2013 (n)
|
|
|
350,000
|
|
|
|
350,676
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,775,710
|
|
|
International Market Sovereign - 0.6%
|
|
|
|
|
|
|
|
|
|
Republic of Finland, 1.25%, 2015 (n)
|
|
$
|
1,300,000
|
|
|
$
|
1,326,520
|
|
|
Republic of Iceland, 4.875%, 2016 (n)
|
|
|
1,037,000
|
|
|
|
1,108,553
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,435,073
|
|
5
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Local Authorities - 0.6%
|
|
|
|
|
|
|
|
|
|
Province of Ontario, 4.5%, 2015
|
|
$
|
1,000,000
|
|
|
$
|
1,079,100
|
|
|
Province of Ontario, 1.1%, 2017
|
|
|
1,110,000
|
|
|
|
1,105,227
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,184,327
|
|
|
Machinery & Tools - 0.2%
|
|
|
|
|
|
|
|
|
|
Caterpillar Financial Services Corp., 1.1%, 2015
|
|
$
|
570,000
|
|
|
$
|
576,546
|
|
|
|
|
|
|
Major Banks - 5.0%
|
|
|
|
|
|
|
|
|
|
ABN AMRO Bank N.V., 1.375%, 2016 (n)
|
|
$
|
1,000,000
|
|
|
$
|
999,120
|
|
|
ABN AMRO Bank N.V., FRN, 2.071%, 2014 (n)
|
|
|
800,000
|
|
|
|
810,192
|
|
|
ANZ National (International) Ltd., FRN, 1.309%, 2013 (n)
|
|
|
870,000
|
|
|
|
877,020
|
|
|
Bank of Tokyo-Mitsubishi UFJ, 1.6%, 2013 (n)
|
|
|
700,000
|
|
|
|
703,163
|
|
|
Commonwealth Bank of Australia, 3.75%, 2014 (n)
|
|
|
600,000
|
|
|
|
629,340
|
|
|
DBS Bank Ltd., 2.35%, 2017 (n)
|
|
|
770,000
|
|
|
|
790,734
|
|
|
HSBC Bank PLC, 3.1%, 2016 (n)
|
|
|
310,000
|
|
|
|
326,687
|
|
|
HSBC USA, Inc., 2.375%, 2015
|
|
|
350,000
|
|
|
|
360,964
|
|
|
HSBC USA, Inc., 1.625%, 2018
|
|
|
170,000
|
|
|
|
169,781
|
|
|
ING Bank N.V., 3.75%, 2017 (n)
|
|
|
424,000
|
|
|
|
453,022
|
|
|
ING Bank N.V., FRN, 1.358%, 2013 (n)
|
|
|
470,000
|
|
|
|
470,397
|
|
|
ING Bank N.V., FRN, 1.623%, 2013 (n)
|
|
|
750,000
|
|
|
|
755,711
|
|
|
ING Bank N.V., FRN, 1.95%, 2015 (n)
|
|
|
560,000
|
|
|
|
569,484
|
|
|
KeyCorp, 3.75%, 2015
|
|
|
650,000
|
|
|
|
694,915
|
|
|
Macquarie Bank Ltd., 5%, 2017 (n)
|
|
|
1,076,000
|
|
|
|
1,179,267
|
|
|
National Australia Bank Ltd., 2%, 2015
|
|
|
770,000
|
|
|
|
788,827
|
|
|
PNC Bank N.A., FRN, 0.61%, 2016
|
|
|
560,000
|
|
|
|
561,161
|
|
|
Royal Bank of Scotland PLC, 2.55%, 2015
|
|
|
1,050,000
|
|
|
|
1,082,588
|
|
|
Royal Bank of Scotland PLC, FRN, 2.731%, 2013
|
|
|
600,000
|
|
|
|
605,549
|
|
|
Santander International Debt S.A., 2.991%, 2013 (n)
|
|
|
400,000
|
|
|
|
402,572
|
|
|
Standard Chartered PLC, 3.85%, 2015 (n)
|
|
|
420,000
|
|
|
|
443,243
|
|
|
Standard Chartered PLC, FRN, 1.26%, 2014 (n)
|
|
|
350,000
|
|
|
|
351,026
|
|
|
State Street Bank & Trust Co., FRN, 0.51%, 2015
|
|
|
678,000
|
|
|
|
671,346
|
|
|
Sumitomo Mitsui Banking Corp., 1.35%, 2015
|
|
|
740,000
|
|
|
|
748,781
|
|
|
Wells Fargo & Co., 3.75%, 2014
|
|
|
750,000
|
|
|
|
790,006
|
|
|
Wells Fargo & Co., 1.25%, 2015
|
|
|
840,000
|
|
|
|
848,244
|
|
|
Westpac Banking Corp., 0.95%, 2016
|
|
|
1,180,000
|
|
|
|
1,180,544
|
|
|
Westpac Banking Corp., 2%, 2017
|
|
|
400,000
|
|
|
|
409,389
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,673,073
|
|
|
Medical & Health Technology & Services - 1.4%
|
|
|
|
|
|
|
|
|
|
Baxter International, Inc., 1.85%, 2017
|
|
$
|
390,000
|
|
|
$
|
399,403
|
|
|
Becton, Dickinson & Co., 1.75%, 2016
|
|
|
300,000
|
|
|
|
308,009
|
|
|
Catholic Health Initiatives, 1.6%, 2017
|
|
|
400,000
|
|
|
|
402,517
|
|
|
Covidien International Finance S.A., 1.875%, 2013
|
|
|
330,000
|
|
|
|
331,813
|
|
|
Covidien International Finance S.A., 1.35%, 2015
|
|
|
650,000
|
|
|
|
659,089
|
|
|
Express Scripts Holding Co., 2.1%, 2015
|
|
|
1,100,000
|
|
|
|
1,123,907
|
|
|
McKesson Corp., 0.95%, 2015
|
|
|
740,000
|
|
|
|
741,857
|
|
|
McKesson Corp., 3.25%, 2016
|
|
|
470,000
|
|
|
|
502,003
|
|
|
Thermo Fisher Scientific, Inc., 2.25%, 2016
|
|
|
840,000
|
|
|
|
867,310
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
5,335,908
|
|
|
Metals & Mining - 0.7%
|
|
|
|
|
|
|
|
|
|
Anglo American Capital, 2.15%, 2013 (n)
|
|
$
|
600,000
|
|
|
$
|
604,080
|
|
|
Freeport-McMoRan Copper & Gold, Inc., 2.15%, 2017
|
|
|
580,000
|
|
|
|
584,244
|
|
|
Rio Tinto Finance (USA) Ltd., 2.5%, 2016
|
|
|
1,530,000
|
|
|
|
1,598,845
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,787,169
|
|
6
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Mortgage-Backed - 3.2%
|
|
|
|
|
|
|
|
|
|
Fannie Mae, 5.05%, 2016
|
|
$
|
1,562,982
|
|
|
$
|
1,704,884
|
|
|
Fannie Mae, 2.5%, 2018
|
|
|
750,000
|
|
|
|
775,078
|
|
|
Fannie Mae, 5.152%, 2016
|
|
|
550,186
|
|
|
|
610,694
|
|
|
Fannie Mae, 1.114%, 2017
|
|
|
870,000
|
|
|
|
875,574
|
|
|
Fannie Mae, 4.5%, 2024
|
|
|
1,905,223
|
|
|
|
2,047,221
|
|
|
Fannie Mae, 4%, 2025
|
|
|
176,554
|
|
|
|
192,665
|
|
|
Fannie Mae, 4.5%, 2025
|
|
|
773,154
|
|
|
|
833,073
|
|
|
Freddie Mac, 1.655%, 2016
|
|
|
228,564
|
|
|
|
234,453
|
|
|
Freddie Mac, 4%, 2025
|
|
|
1,052,429
|
|
|
|
1,113,930
|
|
|
Freddie Mac, 3.5%, 2026
|
|
|
1,353,539
|
|
|
|
1,425,076
|
|
|
Freddie Mac, TBA, 2.5%, 2013
|
|
|
2,042,000
|
|
|
|
2,105,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
11,918,461
|
|
|
Natural Gas - Distribution - 0.2%
|
|
|
|
|
|
|
|
|
|
GDF Suez, 1.625%, 2017 (n)
|
|
$
|
740,000
|
|
|
$
|
736,256
|
|
|
|
|
|
|
Natural Gas - Pipeline - 0.5%
|
|
|
|
|
|
|
|
|
|
Energy Transfer Partners LP, 8.5%, 2014
|
|
$
|
513,000
|
|
|
$
|
556,555
|
|
|
Enterprise Products Operating LP, 3.7%, 2015
|
|
|
500,000
|
|
|
|
529,958
|
|
|
Kinder Morgan Energy Partners LP, 5.125%, 2014
|
|
|
580,000
|
|
|
|
621,724
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,708,237
|
|
|
Network & Telecom - 1.3%
|
|
|
|
|
|
|
|
|
|
AT&T, Inc., 0.8%, 2015
|
|
$
|
1,430,000
|
|
|
$
|
1,429,600
|
|
|
AT&T, Inc., 2.4%, 2016
|
|
|
160,000
|
|
|
|
166,872
|
|
|
BellSouth Corp., 5.2%, 2014
|
|
|
150,000
|
|
|
|
160,643
|
|
|
France Telecom, 2.125%, 2015
|
|
|
700,000
|
|
|
|
719,349
|
|
|
Telecom Italia Capital, 5.25%, 2013
|
|
|
700,000
|
|
|
|
720,029
|
|
|
Verizon Communications, Inc., 5.25%, 2013
|
|
|
700,000
|
|
|
|
706,653
|
|
|
Verizon Communications, Inc., 0.7%, 2015
|
|
|
970,000
|
|
|
|
969,736
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,872,882
|
|
|
Oil Services - 0.4%
|
|
|
|
|
|
|
|
|
|
Noble Corp., 5.875%, 2013
|
|
$
|
780,000
|
|
|
$
|
791,404
|
|
|
Noble Corp., 3.45%, 2015
|
|
|
260,000
|
|
|
|
273,581
|
|
|
Transocean, Inc., 2.5%, 2017
|
|
|
292,000
|
|
|
|
292,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,357,982
|
|
|
Oils - 0.1%
|
|
|
|
|
|
|
|
|
|
Phillips 66, 1.95%, 2015
|
|
$
|
350,000
|
|
|
$
|
356,983
|
|
|
|
|
|
|
Other Banks & Diversified Financials - 2.7%
|
|
|
|
|
|
|
|
|
|
American Express Centurion Bank, 5.5%, 2013
|
|
$
|
600,000
|
|
|
$
|
606,023
|
|
|
American Express Centurion Bank, FRN, 0.76%, 2015
|
|
|
500,000
|
|
|
|
500,687
|
|
|
American Express Credit Corp., 2.8%, 2016
|
|
|
420,000
|
|
|
|
443,685
|
|
|
American Express Credit Corp., FRN, 1.41%, 2015
|
|
|
50,000
|
|
|
|
50,931
|
|
|
BB&T Corp., 2.05%, 2014
|
|
|
500,000
|
|
|
|
508,623
|
|
|
BB&T Corp., 1.45%, 2018
|
|
|
521,000
|
|
|
|
518,722
|
|
|
BBVA Senior Finance S.A. Unipersonal, FRN, 2.435%, 2014
|
|
|
400,000
|
|
|
|
400,808
|
|
|
Capital One Financial Corp., 2.15%, 2015
|
|
|
750,000
|
|
|
|
765,278
|
|
|
Capital One Financial Corp., FRN, 1.454%, 2014
|
|
|
580,000
|
|
|
|
585,854
|
|
|
Capital One Financial Corp., FRN, 0.952%, 2015
|
|
|
320,000
|
|
|
|
320,696
|
|
|
Danske Bank A/S, 3.75%, 2015 (n)
|
|
|
690,000
|
|
|
|
720,698
|
|
|
Intesa Sanpaolo S.p.A., 3.125%, 2016
|
|
|
640,000
|
|
|
|
635,207
|
|
|
Intesa Sanpaolo S.p.A., FRN, 2.711%, 2014 (n)
|
|
|
280,000
|
|
|
|
281,892
|
|
7
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Other Banks & Diversified Financials - continued
|
|
|
|
|
|
|
|
|
|
Lloyds TSB Bank PLC, 4.375%, 2015 (n)
|
|
$
|
1,000,000
|
|
|
$
|
1,063,157
|
|
|
Nordea Bank AB, 1.75%, 2013 (n)
|
|
|
700,000
|
|
|
|
705,688
|
|
|
SunTrust Banks, Inc., 3.5%, 2017
|
|
|
598,000
|
|
|
|
638,750
|
|
|
Svenska Handelsbanken AB, 2.875%, 2017
|
|
|
566,000
|
|
|
|
597,247
|
|
|
Swedbank AB, 2.125%, 2017 (n)
|
|
|
585,000
|
|
|
|
595,223
|
|
|
Union Bank, 3%, 2016
|
|
|
280,000
|
|
|
|
295,451
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,234,620
|
|
|
Personal Computers & Peripherals - 0.2%
|
|
|
|
|
|
|
|
|
|
Hewlett-Packard Co., 2.625%, 2014
|
|
$
|
610,000
|
|
|
$
|
616,419
|
|
|
|
|
|
|
Pharmaceuticals - 1.0%
|
|
|
|
|
|
|
|
|
|
AbbVie, Inc., FRN, 1.071%, 2015 (n)
|
|
$
|
730,000
|
|
|
$
|
741,170
|
|
|
Amgen, Inc., 2.3%, 2016
|
|
|
440,000
|
|
|
|
457,907
|
|
|
Celgene Corp., 2.45%, 2015
|
|
|
532,000
|
|
|
|
552,020
|
|
|
Roche Holding, Inc., 5%, 2014 (n)
|
|
|
254,000
|
|
|
|
265,844
|
|
|
Sanofi, 1.2%, 2014
|
|
|
170,000
|
|
|
|
172,069
|
|
|
Sanofi, FRN, 0.62%, 2014
|
|
|
500,000
|
|
|
|
501,639
|
|
|
Teva Pharmaceutical Finance III, 1.7%, 2014
|
|
|
170,000
|
|
|
|
172,272
|
|
|
Teva Pharmaceutical Finance III, FRN, 1.211%, 2013
|
|
|
600,000
|
|
|
|
603,463
|
|
|
Watson Pharmaceuticals, Inc., 1.875%, 2017
|
|
|
330,000
|
|
|
|
331,215
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,797,599
|
|
|
Printing & Publishing - 0.3%
|
|
|
|
|
|
|
|
|
|
Pearson PLC, 4%, 2016 (n)
|
|
$
|
1,000,000
|
|
|
$
|
1,070,090
|
|
|
|
|
|
|
Real Estate - 0.9%
|
|
|
|
|
|
|
|
|
|
ERP Operating, REIT, 5.125%, 2016
|
|
$
|
925,000
|
|
|
$
|
1,033,004
|
|
|
HCP, Inc., REIT, 2.7%, 2014
|
|
|
810,000
|
|
|
|
824,805
|
|
|
Health Care REIT, Inc., 2.25%, 2018
|
|
|
264,000
|
|
|
|
265,101
|
|
|
Mack-Cali Realty LP, 2.5%, 2017
|
|
|
330,000
|
|
|
|
332,934
|
|
|
Simon Property Group, Inc., REIT, 6.1%, 2016
|
|
|
410,000
|
|
|
|
470,322
|
|
|
Simon Property Group, Inc., REIT, 1.5%, 2018 (n)
|
|
|
302,000
|
|
|
|
298,946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,225,112
|
|
|
Retailers - 0.6%
|
|
|
|
|
|
|
|
|
|
AutoZone, Inc., 6.5%, 2014
|
|
$
|
655,000
|
|
|
$
|
691,273
|
|
|
Home Depot, Inc., 5.25%, 2013
|
|
|
660,000
|
|
|
|
687,810
|
|
|
Wesfarmers Ltd., 6.998%, 2013 (n)
|
|
|
400,000
|
|
|
|
403,943
|
|
|
Wesfarmers Ltd., 2.983%, 2016 (n)
|
|
|
300,000
|
|
|
|
314,959
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,097,985
|
|
|
Specialty Chemicals - 0.5%
|
|
|
|
|
|
|
|
|
|
Air Products & Chemicals, Inc., 2%, 2016
|
|
$
|
174,000
|
|
|
$
|
180,236
|
|
|
Airgas, Inc., 2.95%, 2016
|
|
|
700,000
|
|
|
|
741,324
|
|
|
Ecolab, Inc., 2.375%, 2014
|
|
|
380,000
|
|
|
|
390,988
|
|
|
Ecolab, Inc., 1%, 2015
|
|
|
430,000
|
|
|
|
432,134
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,744,682
|
|
|
Specialty Stores - 0.1%
|
|
|
|
|
|
|
|
|
|
Best Buy Co., Inc., 6.75%, 2013
|
|
$
|
519,000
|
|
|
$
|
528,083
|
|
|
|
|
|
|
Supermarkets - 0.4%
|
|
|
|
|
|
|
|
|
|
Kroger Co., 5%, 2013
|
|
$
|
200,000
|
|
|
$
|
201,769
|
|
|
Tesco PLC, 2%, 2014 (n)
|
|
|
540,000
|
|
|
|
551,867
|
|
8
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Supermarkets - continued
|
|
|
|
|
|
|
|
|
|
Woolworths Ltd., 2.55%, 2015 (n)
|
|
$
|
600,000
|
|
|
$
|
622,525
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,376,161
|
|
|
Supranational - 0.4%
|
|
|
|
|
|
|
|
|
|
Council of Europe, 4.5%, 2014
|
|
$
|
200,000
|
|
|
$
|
211,252
|
|
|
European Investment Bank, 1.25%, 2013
|
|
|
1,170,000
|
|
|
|
1,176,669
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,387,921
|
|
|
Telecommunications - Wireless - 0.5%
|
|
|
|
|
|
|
|
|
|
America Movil S.A.B. de C.V., 2.375%, 2016
|
|
$
|
262,000
|
|
|
$
|
270,879
|
|
|
Crown Castle Towers LLC, 4.523%, 2015 (n)
|
|
|
440,000
|
|
|
|
467,999
|
|
|
Crown Castle Towers LLC, 3.214%, 2015 (n)
|
|
|
310,000
|
|
|
|
324,273
|
|
|
Vodafone Group PLC, 4.15%, 2014
|
|
|
630,000
|
|
|
|
659,263
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,722,414
|
|
|
Tobacco - 0.7%
|
|
|
|
|
|
|
|
|
|
Altria Group, Inc., 8.5%, 2013
|
|
$
|
500,000
|
|
|
$
|
530,280
|
|
|
B.A.T. International Finance PLC, 8.125%, 2013 (n)
|
|
|
500,000
|
|
|
|
527,689
|
|
|
B.A.T. International Finance PLC, 1.4%, 2015 (n)
|
|
|
620,000
|
|
|
|
626,996
|
|
|
Lorillard Tobacco Co., 3.5%, 2016
|
|
|
370,000
|
|
|
|
391,821
|
|
|
Reynolds American, Inc., 1.05%, 2015
|
|
|
430,000
|
|
|
|
429,733
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,506,519
|
|
|
Transportation - Services - 0.4%
|
|
|
|
|
|
|
|
|
|
ERAC USA Finance Co., 2.75%, 2013 (n)
|
|
$
|
660,000
|
|
|
$
|
665,769
|
|
|
ERAC USA Finance Co., 2.25%, 2014 (n)
|
|
|
250,000
|
|
|
|
253,377
|
|
|
ERAC USA Finance Co., 1.4%, 2016 (n)
|
|
|
330,000
|
|
|
|
331,605
|
|
|
ERAC USA Finance Co., 2.75%, 2017 (n)
|
|
|
302,000
|
|
|
|
313,536
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,564,287
|
|
|
U.S. Government Agencies and Equivalents - 1.1%
|
|
|
|
|
|
|
|
|
|
Aid-Egypt, 4.45%, 2015
|
|
$
|
1,270,000
|
|
|
$
|
1,403,438
|
|
|
National Credit Union Administration, 1.4%, 2015
|
|
|
1,500,000
|
|
|
|
1,534,650
|
|
|
Small Business Administration, 2.25%, 2021
|
|
|
1,035,892
|
|
|
|
1,072,664
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,010,752
|
|
|
U.S. Treasury Obligations - 1.4%
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Notes, 2.75%, 2013 (f)
|
|
$
|
5,000,000
|
|
|
$
|
5,096,485
|
|
|
|
|
|
|
Utilities - Electric Power - 2.9%
|
|
|
|
|
|
|
|
|
|
American Electric Power Co., Inc., 1.65%, 2017
|
|
$
|
398,000
|
|
|
$
|
397,774
|
|
|
Dominion Resources, Inc., 1.95%, 2016
|
|
|
880,000
|
|
|
|
907,233
|
|
|
DTE Energy Co., FRN, 1.01%, 2013
|
|
|
720,000
|
|
|
|
721,013
|
|
|
Duke Energy Corp., 6.3%, 2014
|
|
|
846,000
|
|
|
|
891,549
|
|
|
Duke Energy Corp., 1.625%, 2017
|
|
|
209,000
|
|
|
|
209,118
|
|
|
Exelon Generation Co. LLC, 5.35%, 2014
|
|
|
600,000
|
|
|
|
625,737
|
|
|
Iberdrola Finance Ireland Ltd., 3.8%, 2014 (n)
|
|
|
560,000
|
|
|
|
578,118
|
|
|
NextEra Energy Capital Holdings, Inc., 1.611%, 2014
|
|
|
1,020,000
|
|
|
|
1,030,720
|
|
|
Northeast Utilities, FRN, 1.059%, 2013
|
|
|
1,300,000
|
|
|
|
1,305,651
|
|
|
PG&E Corp., 5.75%, 2014
|
|
|
600,000
|
|
|
|
633,656
|
|
|
PPL WEM Holdings PLC, 3.9%, 2016 (n)
|
|
|
1,240,000
|
|
|
|
1,306,156
|
|
|
PSEG Power LLC, 2.75%, 2016
|
|
|
360,000
|
|
|
|
375,705
|
|
|
Southern Co., 2.375%, 2015
|
|
|
1,000,000
|
|
|
|
1,040,350
|
|
9
Portfolio of Investments (unaudited) – continued
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds - continued
|
|
|
|
|
|
|
|
|
|
Utilities - Electric Power - continued
|
|
|
|
|
|
|
|
|
|
Virginia Electric and Power Co., 1.2%, 2018
|
|
$
|
700,000
|
|
|
$
|
697,590
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,720,370
|
|
|
Total Bonds
|
|
|
|
|
|
$
|
222,927,485
|
|
|
|
|
|
|
Commodity Linked Structured Notes (n)(x) - 34.5%
|
|
|
|
|
|
|
|
|
|
Bank of America Corp. - DJUBSPR3 Linked, FRN, 0.17%, 2014
|
|
$
|
3,000,000
|
|
|
$
|
2,708,434
|
|
|
Bank of America Corp. - DJUBSTR Linked, FRN, 0.205%, 2014
|
|
|
2,500,000
|
|
|
|
2,740,018
|
|
|
Bank of America Corp. - DJUBSF3 Linked, FRN, 0.202%, 2014
|
|
|
3,500,000
|
|
|
|
3,563,663
|
|
|
Bank of America Corp., DJUBSGR3 Linked, FRN, 0.17%, 2014
|
|
|
9,000,000
|
|
|
|
8,256,634
|
|
|
Barclays Bank PLC - DJUBEN3T Linked, FRN, 0.09%, 2013
|
|
|
2,000,000
|
|
|
|
2,565,742
|
|
|
Barclays Bank PLC - DJUBSOTR Linked, FRN, 0.09%, 2013
|
|
|
2,100,000
|
|
|
|
1,895,388
|
|
|
Barclays Bank PLC. - DJUBSIN3 Linked, FRN, 0.09%, 2013
|
|
|
4,500,000
|
|
|
|
5,480,384
|
|
|
Citigroup Funding, Inc. - DJUBPRTR Linked, FRN, 0%, 2013
|
|
|
11,200,000
|
|
|
|
12,833,165
|
|
|
Credit Suisse Group AG - DJUBSGR Linked, FRN, 0.055%, 2014
|
|
|
4,000,000
|
|
|
|
3,668,822
|
|
|
Credit Suisse Group AG - DJUBSTR Linked, FRN, 0.527%, 2014
|
|
|
13,500,000
|
|
|
|
13,727,073
|
|
|
Deutsche Bank AG London - DJUBSTR Linked, FRN, 0.008%, 2013
|
|
|
8,000,000
|
|
|
|
7,751,269
|
|
|
Goldman Sachs Group, Inc. - DJUBENTR Linked, FRN, 0%, 2013
|
|
|
3,200,000
|
|
|
|
3,696,955
|
|
|
Goldman Sachs Group, Inc. - DJUBENTR Linked, FRN, 0.012%, 2013
|
|
|
3,500,000
|
|
|
|
3,471,670
|
|
|
Goldman Sachs Group, Inc. - DJUBSF3T Linked, FRN, 0%, 2013
|
|
|
6,500,000
|
|
|
|
6,994,708
|
|
|
JPMorgan - DJUBEN3T Linked, FRN, 0.304%, 2013
|
|
|
6,000,000
|
|
|
|
8,223,493
|
|
|
JPMorgan - DJUBSF2T Linked, FRN, 0.31%, 2013
|
|
|
6,700,000
|
|
|
|
6,083,253
|
|
|
JPMorgan Chase Bank N.A. - DJUBSOTR Linked, FRN, 0.102%, 2014
|
|
|
2,000,000
|
|
|
|
2,043,277
|
|
|
Morgan Stanley - DJUBGR3T Linked, FRN, 0.15%, 2013
|
|
|
4,700,000
|
|
|
|
6,942,273
|
|
|
Morgan Stanley - DJUBSF3T Linked, FRN, 0.15%, 2013
|
|
|
2,500,000
|
|
|
|
2,577,648
|
|
|
Morgan Stanley - DJUBSIN Linked, FRN, 0.15%, 2014
|
|
|
4,000,000
|
|
|
|
4,233,023
|
|
|
Morgan Stanley - DJUBSTR Linked, FRN, 0.15%, 2013
|
|
|
2,700,000
|
|
|
|
2,345,654
|
|
|
UBS AG - DJUBENTR Linked, FRN, 0.208%, 2013
|
|
|
5,800,000
|
|
|
|
8,342,164
|
|
|
UBS AG - DJUBGRTR Linked, FRN, 0.055%, 2014
|
|
|
2,500,000
|
|
|
|
2,944,524
|
|
|
UBS AG - DJUBIN3T Linked, FRN, 0.11%, 2013
|
|
|
1,500,000
|
|
|
|
1,679,694
|
|
|
UBS AG DJUBSF2T Linked, FRN, 0.052%, 2014
|
|
|
4,000,000
|
|
|
|
4,073,851
|
|
|
Total Commodity Linked Structured Notes
|
|
|
|
|
|
$
|
128,842,779
|
|
|
|
|
|
|
Money Market Funds - 6.7%
|
|
|
|
|
|
|
|
|
|
MFS Institutional Money Market Portfolio, 0.14%, at Net Asset Value (v)
|
|
|
24,919,969
|
|
|
$
|
24,919,969
|
|
|
Total Investments
|
|
|
|
|
|
$
|
376,690,233
|
|
|
|
|
|
|
Other Assets, Less Liabilities - (1.0)%
|
|
|
|
|
|
|
(3,786,513
|
)
|
|
Net Assets - 100.0%
|
|
|
|
|
|
$
|
372,903,720
|
|
|
(f)
|
All or a portion of the security has been segregated as collateral for open futures contracts.
|
|
(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 $183,609,505 representing 49.2% 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.
|
|
(x)
|
Commodity-linked notes typically provide for interest and principal payments based on the value of a commodity indicator, such as a commodity, a commodity future or option
contract, a commodity index, or some other indicator that reflects the value of a particular commodity or commodity market or the difference between one or more commodity or commodity markets. Commodity-linked notes have characteristics of
instruments indirectly linked to the price of commodities and are subject to basis risk, the risk that there can be deviations in performance between the physical commodity market and the futures price, and counter party risk. Commodity-linked notes
can be highly volatile and less liquid than other types of investments. These structured notes take into consideration a leverage factor of 300% on the return of the commodity indicator at the time the note is purchased, in order to limit
counterparty exposure.
|
10
Portfolio of Investments (unaudited) – continued
|
(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
|
|
|
Anthracite Ltd., “A”, CDO, FRN, 0.564%, 2019
|
|
5/11/11
|
|
|
$193,517
|
|
|
|
$204,794
|
|
|
Chesapeake Funding LLC, “A”, FRN, 1.955%, 2021
|
|
8/9/12
|
|
|
113,492
|
|
|
|
113,008
|
|
|
Chesapeake Funding LLC, “A”, FRN, 0.957%, 2023
|
|
5/10/12
|
|
|
1,057,000
|
|
|
|
1,062,246
|
|
|
Credit Acceptance Auto Loan Trust, “A”, 2.2%, 2019
|
|
3/22/12
|
|
|
249,974
|
|
|
|
253,722
|
|
|
Rosneft, 3.149%, 2017
|
|
9/29/12
|
|
|
394,000
|
|
|
|
394,493
|
|
|
Total Restricted Securities
|
|
|
|
|
|
|
|
|
$2,028,263
|
|
|
% of Net assets
|
|
|
|
|
|
|
|
|
0.5%
|
|
The following abbreviations are used in this report and are defined:
|
|
|
|
|
CDO
|
|
Collateralized Debt Obligation
|
|
DJUBEN3T
|
|
Dow Jones-UBS Energy Sub-Index 3 Month Forward Total Return, this index is composed of longer-dated futures contracts on crude oil, heating oil, natural gas and unleaded
gasoline.
|
|
DJUBENTR
|
|
Dow Jones-UBS Energy Sub-Index Total Return, this index is composed of futures contracts on crude oil, heating oil, unleaded gasoline and natural gas.
|
|
DJUBGR3T
|
|
Dow Jones-UBS Grains Sub-Index 3 Month Forward Total Return, this index is composed of longer-dated futures contracts on corn, soybeans and wheat.
|
|
DJUBGRTR
|
|
Dow Jones-UBS Grains Sub-Index Total Return, this index is composed of futures contracts on corn, soybeans and wheat.
|
|
DJUBIN3T
|
|
Dow Jones-UBS Industrial Metals Sub-Index 3 Month Forward Total Return, this index is composed of longer-dated futures contracts on aluminum, copper, nickel and zinc.
|
|
DJUBPRTR
|
|
Dow Jones-UBS Precious Metals Total Return Index, this index is composed of futures contracts on gold and silver.
|
|
DJUBSF2T
|
|
Dow Jones-UBS Commodity Index 2 Month Forward Total Return, this index is composed of longer-dated futures contracts on 19 physical commodities.
|
|
DJUBSF3
|
|
Dow Jones-UBS Commodity Index 3 Month Forward, this index is composed of longer-dated futures contracts on aluminum, copper, nickel and zinc. It reflects the return of underlying commodity
futures price movements only. It is quoted in USD.
|
|
DJUBSF3T
|
|
Dow Jones-UBS Commodity Index 3 Month Forward Total Return, this index is composed of longer-dated futures contracts on 19 physical commodities.
|
|
DJUBSGR
|
|
Dow Jones-UBS Grains Sub-Index, is composed of futures contracts on corn, soybeans and wheat. It reflects the return of underlying commodity futures price movements only. It is quoted in
USD.
|
|
DJUBSGR3
|
|
Dow Jones-UBS Grains Sub-Index 3 Month Forward, is composed of longer-dated futures contracts on corn, soybeans and wheat. It reflects the return of underlying commodity futures price
movements only. It is quoted in USD.
|
|
DJUBSIN
|
|
Dow Jones-UBS Industrial Metals Sub-Index, is composed of futures contracts on aluminum, copper, nickel and zinc. It reflects the return of underlying commodity futures price movements only.
It is quoted in USD.
|
|
DJUBSIN3
|
|
Dow Jones-UBS Industrial Metals Sub-Index 3 Month Forward, is composed longer-dated futures contracts on aluminum, copper, nickel and zinc. It reflects the return of underlying commodity
futures price movements only. It is quoted in USD.
|
|
DJUBSOTR
|
|
Dow Jones-UBS Softs Sub-Index Total Return, this index is composed of futures contracts on coffee, cotton and sugar.
|
|
DJUBSPR3
|
|
Dow Jones-UBS Precious Metals Sub-Index 3 Month Forward, is composed longer-dated futures contracts on gold and silver. It reflects the return of underlying commodity futures price movements
only. It is quoted in USD.
|
|
DJUBSTR
|
|
Dow Jones-UBS Commodity Index Total Return, this index is composed of futures contracts on nineteen physical commodities.
|
|
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
|
|
TBA
|
|
To Be Announced
|
11
Portfolio of Investments (unaudited) – continued
Derivative Contracts at 1/31/13
Futures Contracts Outstanding at 1/31/13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description
|
|
Currency
|
|
|
Contracts
|
|
|
Value
|
|
Expiration Date
|
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Liability Derivatives
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Futures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Note 5 yr (Short)
|
|
|
USD
|
|
|
|
95
|
|
|
$11,754,766
|
|
March - 2013
|
|
|
$64,980
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At January 31, 2013 the fund had liquid securities with an aggregate value of $57,065 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.
12
Supplemental Information
1/31/13 (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. Open-end investment companies are generally valued at net asset value per share. Securities and other assets, including commodity-linked structured notes, 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. The
following is a summary of the levels used as of January 31, 2013 in valuing the fund’s assets or liabilities:
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Investments at Value
|
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Level 1
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Level 2
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|
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Level 3
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|
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Total
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|
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U.S. Treasury Bonds & U.S. Government Agency & Equivalents
|
|
|
$—
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|
|
|
$9,107,237
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|
|
|
$—
|
|
|
|
$9,107,237
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|
|
Non-U.S. Sovereign Debt
|
|
|
—
|
|
|
|
23,326,105
|
|
|
|
—
|
|
|
|
23,326,105
|
|
|
U.S. Corporate Bonds
|
|
|
—
|
|
|
|
94,585,902
|
|
|
|
—
|
|
|
|
94,585,902
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|
|
Residential Mortgage-Backed Securities
|
|
|
—
|
|
|
|
11,918,461
|
|
|
|
—
|
|
|
|
11,918,461
|
|
|
Commercial Mortgage-Backed Securities
|
|
|
—
|
|
|
|
675,652
|
|
|
|
—
|
|
|
|
675,652
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|
|
Asset-Backed Securities (including CDOs)
|
|
|
—
|
|
|
|
15,458,803
|
|
|
|
—
|
|
|
|
15,458,803
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|
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Foreign Bonds
|
|
|
—
|
|
|
|
67,855,325
|
|
|
|
—
|
|
|
|
67,855,325
|
|
|
Commodity Linked Structured Notes
|
|
|
—
|
|
|
|
128,842,779
|
|
|
|
—
|
|
|
|
128,842,779
|
|
|
Mutual Funds
|
|
|
24,919,969
|
|
|
|
—
|
|
|
|
—
|
|
|
|
24,919,969
|
|
|
Total Investments
|
|
|
$24,919,969
|
|
|
|
$351,770,264
|
|
|
|
$—
|
|
|
|
$376,690,233
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|
|
|
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|
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Other Financial Instruments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts
|
|
|
$64,980
|
|
|
|
$—
|
|
|
|
$—
|
|
|
|
$64,980
|
|
For further information regarding security characteristics, see the Portfolio of Investments.
Commodity-Linked Structured Notes
– The fund invests in commodity-linked structured notes, to provide exposure to the investment returns of the
commodities markets without investing directly in commodities. The fund will not invest directly in commodities. A structured note is a type of debt instrument in which an issuer borrows money from the investor, in this case the fund, and pays back
the principal
13
Supplemental Information (unaudited) – continued
adjusted for performance of the underlying index less a fee. The structured notes may be leveraged, increasing the volatility of each note’s value relative to the change in the underlying
linked financial element. The value of these notes will rise and fall in response to changes in the underlying commodity or related index or investment. These notes are subject to prepayment, basis, and counterparty risk. If a counterparty becomes
bankrupt or otherwise fails to perform its obligations due to financial difficulties, the fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The fund may obtain only a limited
recovery or may obtain no recovery in such circumstances. There is additional risk that the issuer or counterparty may be unable or unwilling to make timely payments of interest or principal. To partially mitigate this risk, MFS typically enters
into these transactions with counterparties whose credit rating is investment grade. Commodity-linked structured notes are valued daily by the issuing counterparties under procedures approved by the fund’s Board of Trustees. The structured
notes have an automatic redemption feature if the underlying index declines from the entrance date by the amount specified in the agreement. The fund has the option to request prepayment from the issuer at any time. The issuer of the structured note
may, under certain circumstances, call back the securities on a date earlier than the maturity date. The net cash payments exchanged, which might require calculation by the issuer or its affiliates, are recorded as a realized gain or loss on
investments in the Statement of Operations. The value of the structured note, which is adjusted daily and includes any related interest accruals to be received and fees to be paid by the fund, is recorded on the Statement of Assets and Liabilities.
The daily change in value, including any related interest accruals to be received and fees to be paid, is recorded as unrealized appreciation or depreciation on investments in the Statement of Operations. The fund records a realized gain or loss
when a structured note is sold or matures.
(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
|
|
|
$366,171,563
|
|
|
Gross unrealized appreciation
|
|
|
15,625,717
|
|
|
Gross unrealized depreciation
|
|
|
(5,107,047
|
)
|
|
Net unrealized appreciation (depreciation)
|
|
|
$10,518,670
|
|
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:
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|
|
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|
|
|
|
|
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|
|
Underlying Affiliated Fund
|
|
Beginning
Shares/Par
Amount
|
|
|
Acquisitions
Shares/Par
Amount
|
|
|
Dispositions
Shares/Par
Amount
|
|
|
Ending
Shares/Par
Amount
|
|
|
MFS Institutional Money Market Portfolio
|
|
|
25,843,947
|
|
|
|
119,652,028
|
|
|
|
(120,576,006
|
)
|
|
|
24,919,969
|
|
|
|
|
|
|
|
|
Underlying Affiliated Fund
|
|
Realized
Gain (Loss)
|
|
|
Capital Gain
Distributions
|
|
|
Dividend
Income
|
|
|
Ending Value
|
|
|
MFS Institutional Money Market Portfolio
|
|
|
$—
|
|
|
|
$—
|
|
|
|
$17,889
|
|
|
|
$24,919,969
|
|
14
|
ITEM 2.
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CONTROLS AND PROCEDURES.
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(a)
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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.
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(b)
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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.
|
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 SERIES TRUST XV
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By (Signature and Title)*
|
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JOHN M. CORCORAN
|
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John M. Corcoran, President
|
Date: March 18, 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.
|
|
|
|
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By (Signature and Title)*
|
|
JOHN M. CORCORAN
|
|
|
|
John M. Corcoran, President
(Principal Executive Officer)
|
Date: March 18, 2013
|
|
|
|
|
By (Signature and Title)*
|
|
DAVID L. DILORENZO
|
|
|
|
David L. DiLorenzo, Treasurer
(Principal Financial Officer
and Accounting Officer)
|
Date: March 18, 2013
|
*
|
Print name and title of each signing officer under his or her signature.
|