MFS MULTIMARKET 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 811-4975

MFS MULTIMARKET INCOME TRUST

(Exact name of registrant as specified in charter)

500 Boylston Street, Boston, Massachusetts 02116

(Address of principal executive offices) (Zip code)

Susan S. Newton

Massachusetts Financial Services Company

500 Boylston Street

Boston, Massachusetts 02116

(Name and address of agents for service)

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

Date of fiscal year end: October 31

Date of reporting period: January 31, 2010


ITEM 1. SCHEDULE OF INVESTMENTS.


LOGO


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10

 

Issuer

   Shares/Par    Value ($)

Bonds – 109.0%

     

Aerospace – 0.5%

     

Bombardier, Inc., 6.3%, 2014 (n)

   $ 690,000    $ 693,450

Bombardier, Inc., 7.45%, 2034 (z)

     210,000      192,675

Hawker Beechcraft Acquisition Co. LLC, 8.5%, 2015

     1,220,000      838,719

Spirit AeroSystems Holdings, Inc., 7.5%, 2017 (n)

     1,165,000      1,173,738
         
      $ 2,898,582
         

Airlines – 1.4%

     

American Airlines Pass-Through Trust, 6.817%, 2011

   $ 1,155,000    $ 1,140,563

AMR Corp., 7.858%, 2011

     1,805,000      1,818,538

Continental Airlines, Inc., 7.339%, 2014

     761,000      724,853

Continental Airlines, Inc., 7.25%, 2019

     390,000      397,800

Delta Air Lines, Inc., 7.111%, 2011

     985,000      994,850

Delta Air Lines, Inc., 7.711%, 2011

     415,000      410,850

Delta Air Lines, Inc., 7.75%, 2019

     2,243,000      2,360,758
         
      $ 7,848,212
         

Apparel Manufacturers – 0.2%

     

Hanesbrands, Inc., 8%, 2016

   $ 310,000    $ 317,750

Levi Strauss & Co., 9.75%, 2015

     575,000      600,875
         
      $ 918,625
         

Asset Backed & Securitized – 6.1%

     

ARCap REIT, Inc., CDO, “H”, 6.08%, 2045 (z)

   $ 2,000,000    $ 75,000

Banc of America Commercial Mortgage, Inc., FRN, 5.744%, 2051

     2,000,000      1,856,976

Bayview Financial Acquisition Trust, FRN, 5.483%, 2041

     1,130,000      991,847

Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.83%, 2040 (z)

     3,212,839      1,366,099

Citigroup Commercial Mortgage Trust, FRN, 5.7%, 2049

     390,311      75,186

Citigroup/Deutsche Bank Commercial Mortgage Trust, FRN, 5.366%, 2049

     1,160,000      787,214

Crest Ltd., CDO, 7%, 2040

     2,000,000      100,000

Deutsche Mortgage & Asset Receiving Corp., FRN, 7.5%, 2031

     1,537,547      1,624,081

DLJ Commercial Mortgage Corp., 6.04%, 2031 (z)

     2,000,000      2,040,331

Falcon Franchise Loan LLC, FRN, 3.669%, 2025 (i)(z)

     5,436,848      380,036

First Union National Bank Commercial Mortgage Trust, FRN, 0.896%, 2043 (i)(n)

     24,254,990      169,521

First Union-Lehman Brothers Bank of America, FRN, 0.451%, 2035 (i)

     19,466,383      374,755

First Union-Lehman Brothers Commercial Mortgage Trust, 7%, 2029 (n)

     1,143,003      1,203,538

GMAC LLC, FRN, 6.02%, 2033 (z)

     2,542,000      2,390,944

GMAC LLC, FRN, 7.657%, 2034 (n)

     1,853,000      1,604,483

JPMorgan Chase Commercial Mortgage Securities Corp., 5.552%, 2045

     1,590,000      1,524,452

JPMorgan Chase Commercial Mortgage Securities Corp., 5.42%, 2049

     2,130,000      1,894,854

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.475%, 2043

     1,590,000      1,566,723

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.874%, 2045

     1,590,000      1,596,543

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.818%, 2049

     2,000,000      1,826,451

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 6.062%, 2051

     270,000      85,698

Lehman Brothers Commercial Conduit Mortgage Trust, FRN, 1.002%, 2030 (i)

     4,098,863      123,813

Merrill Lynch Mortgage Trust, FRN, 5.828%, 2050

     270,000      75,494

Morgan Stanley Capital I, Inc., FRN, 1.269%, 2039 (i)(z)

     13,028,404      207,021

Mortgage Capital Funding, Inc., FRN, 1.975%, 2031 (i)

     240,976      92

PNC Mortgage Acceptance Corp., FRN, 7.1%, 2032 (z)

     2,490,000      2,475,611

Prudential Securities Secured Financing Corp., FRN, 7.3%, 2013 (z)

     2,581,000      2,306,869

RMAC PLC, FRN, 0.914%, 2036 (n)

   EUR 1,043      1,429

Structured Asset Securities Corp., FRN, 4.67%, 2035

   $ 1,094,888      983,775

Wachovia Bank Commercial Mortgage Trust, FRN, 5.118%, 2042

     1,375,626      1,394,803

Wachovia Bank Commercial Mortgage Trust, FRN, 5.692%, 2047

     1,496,845      280,736

Wachovia Bank Commercial Mortgage Trust, FRN, 5.752%, 2047

     229,557      37,637

Wachovia Bank Commercial Mortgage Trust, FRN, 5.901%, 2051

     2,000,000      1,750,940
         
      $ 33,172,952
         

 

1


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Automotive – 2.3%

     

Accuride Corp., 8.5%, 2015 (d)

   $ 195,000    $ 177,938

Allison Transmission, Inc., 11%, 2015 (n)

     2,375,000      2,505,625

FCE Bank PLC, 7.125%, 2012

   EUR 1,500,000      2,069,350

Ford Motor Credit Co. LLC, 12%, 2015

   $ 4,736,000      5,438,676

Goodyear Tire & Rubber Co., 9%, 2015

     2,045,000      2,106,350

Goodyear Tire & Rubber Co., 10.5%, 2016

     245,000      265,825
         
      $ 12,563,764
         

Basic Industry – 0.0%

     

TriMas Corp., 9.75%, 2017 (n)

   $ 210,000    $ 209,475
         

Broadcasting – 2.4%

     

Allbritton Communications Co., 7.75%, 2012

   $ 1,025,000    $ 1,017,313

Inmarsat Finance PLC, 7.375%, 2017 (n)

     645,000      661,931

Intelsat Jackson Holdings Ltd., 9.5%, 2016

     3,305,000      3,486,775

Lamar Media Corp., 7.25%, 2013

     1,460,000      1,460,000

Lamar Media Corp., 6.625%, 2015

     340,000      327,250

LIN TV Corp., 6.5%, 2013

     1,840,000      1,757,200

Local TV Finance LLC, 10%, 2015 (p)(z)

     672,525      355,878

Newport Television LLC, 13%, 2017 (n)(p)

     806,906      377,060

Nexstar Broadcasting Group, Inc., 0.5% to 2011, 7% to 2014 (n)(p)

     532,334      425,734

Nexstar Broadcasting Group, Inc., 7%, 2014

     175,000      140,000

Salem Communications Corp., 9.625%, 2016 (n)

     365,000      385,075

Sinclair Broadcast Group, Inc., 9.25%, 2017 (n)

     570,000      587,100

Univision Communications, Inc., 12%, 2014 (n)

     490,000      529,200

Univision Communications, Inc., 10.5%, 2015 (n)(p)

     2,089,212      1,754,416

Young Broadcasting, Inc., 8.75%, 2014 (d)

     215,000      1,505
         
      $ 13,266,437
         

Brokerage & Asset Managers – 0.6%

     

Janus Capital Group, Inc., 6.95%, 2017

   $ 2,555,000    $ 2,529,527

Nuveen Investments, Inc., 10.5%, 2015

     940,000      869,500
         
      $ 3,399,027
         

Building – 2.2%

     

Building Materials Corp. of America, 7.75%, 2014

   $ 620,000    $ 644,025

CEMEX Finance Europe BV, 9.625%, 2017 (n)

   EUR 660,000      928,816

CEMEX Finance LLC, 9.5%, 2016 (n)

   $ 2,960,000      3,011,800

CRH PLC, 8.125%, 2018

     1,485,000      1,755,493

Norcraft Cos., LP, 10.5%, 2015 (n)

     420,000      436,800

Nortek, Inc., 11%, 2013

     1,727,644      1,814,026

Owens Corning, 9%, 2019

     2,080,000      2,391,361

Ply Gem Industries, Inc., 11.75%, 2013

     585,000      595,238

USG Corp., 9.75%, 2014 (n)

     200,000      212,000
         
      $ 11,789,559
         

Business Services – 1.7%

     

First Data Corp., 9.875%, 2015

   $ 3,815,000    $ 3,404,888

First Data Corp., 11.25%, 2016

     1,330,000      1,110,550

Iron Mountain, Inc., 6.625%, 2016

     1,250,000      1,212,500

Iron Mountain, Inc., 8.375%, 2021

     420,000      435,750

SunGard Data Systems, Inc., 9.125%, 2013

     1,510,000      1,536,425

SunGard Data Systems, Inc., 10.25%, 2015

     1,020,000      1,058,250

Terremark Worldwide, Inc., 12%, 2017 (n)

     705,000      780,788
         
      $ 9,539,151
         

Cable TV – 3.7%

     

CCO Holdings LLC, 8.75%, 2013

   $ 2,750,000    $ 2,787,813

Charter Communications, Inc., 8.375%, 2014 (n)

     1,310,000      1,332,925

Charter Communications, Inc., 10.875%, 2014 (n)

     995,000      1,114,400

 

2


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Cable TV – continued

     

Cox Communications, Inc., 4.625%, 2013

   $ 1,744,000    $ 1,849,606

CSC Holdings, Inc., 8.5%, 2014 (n)

     1,325,000      1,404,500

CSC Holdings, Inc., 8.5%, 2015 (n)

     2,070,000      2,189,025

DIRECTV Holdings LLC, 7.625%, 2016

     855,000      936,225

Mediacom LLC, 9.125%, 2019 (n)

     625,000      625,000

TCI Communications, Inc., 9.8%, 2012

     1,135,000      1,292,704

Time Warner Cable, Inc., 5%, 2020

     2,630,000      2,567,587

Videotron LTEE, 6.875%, 2014

     1,520,000      1,512,400

Virgin Media Finance PLC, 9.125%, 2016

     1,720,000      1,788,800

Virgin Media Finance PLC, 9.5%, 2016

     680,000      720,800
         
      $ 20,121,785
         

Chemicals – 2.4%

     

Ashland, Inc., 9.125%, 2017 (n)

   $ 2,755,000    $ 3,002,950

Dow Chemical Co., 8.55%, 2019

     1,500,000      1,793,880

Hexion Finance Escrow LLC, 8.875%, 2018 (z)

     770,000      742,088

Hexion Specialty Chemicals, Inc., 9.75%, 2014

     830,000      803,025

Huntsman International LLC, 5.5%, 2016 (n)

     655,000      571,488

Linde Finance B.V., 6% to 2013, FRN to 2049

   EUR 101,000      137,936

Lumena Resources Corp., 12%, 2014 (n)

   $ 3,922,000      3,452,554

Momentive Performance Materials, Inc., 12.5%, 2014 (n)

     1,168,000      1,308,160

Momentive Performance Materials, Inc., 11.5%, 2016

     594,000      515,295

Mosaic Co., 7.625%, 2016 (n)

     695,000      759,804
         
      $ 13,087,180
         

Computer Software – 0.4%

     

Seagate Technology HDD Holdings, 6.375%, 2011

   $ 1,967,000    $ 2,030,928
         

Computer Software - Systems – 0.2%

     

DuPont Fabros Technology, Inc., 8.5%, 2017 (n)

   $ 975,000    $ 999,375
         

Conglomerates – 0.3%

     

Actuant Corp., 6.875%, 2017

   $ 1,495,000    $ 1,453,888
         

Construction – 0.2%

     

Lennar Corp., 12.25%, 2017

   $ 470,000    $ 573,400

Urbi Desarrollos Urbanos S.A. de C.V., 9.5%, 2020 (z)

     506,000      511,060
         
      $ 1,084,460
         

Consumer Products – 0.9%

     

ACCO Brands Corp., 10.625%, 2015 (n)

   $ 140,000    $ 153,300

ACCO Brands Corp., 7.625%, 2015

     435,000      407,813

Controladora Mabe S.A. de C.V., 7.875%, 2019 (n)

     424,000      425,060

Fortune Brands, Inc., 5.125%, 2011

     1,179,000      1,219,352

Jarden Corp., 7.5%, 2017

     1,440,000      1,447,200

Libbey Glass, Inc., 10%, 2015 (z)

     85,000      86,063

Scotts Miracle-Gro Co., 7.25%, 2018

     250,000      254,375

Visant Holding Corp., 8.75%, 2013

     670,000      686,750
         
      $ 4,679,913
         

Consumer Services – 1.9%

     

Corrections Corp. of America, 6.25%, 2013

   $ 1,625,000    $ 1,629,063

Grupo Posadas S.A. de C.V., 9.25%, 2015 (z)

     219,000      224,475

KAR Holdings, Inc., 10%, 2015

     1,700,000      1,802,000

KAR Holdings, Inc., FRN, 4.25%, 2014

     1,135,000      1,049,875

Service Corp. International, 7.375%, 2014

     500,000      505,000

Service Corp. International, 7%, 2017

     3,300,000      3,258,750

Ticketmaster Entertainment, Inc., 10.75%, 2016

     1,890,000      2,064,825
         
      $ 10,533,988
         

 

3


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Containers – 1.1%

     

Crown Americas LLC, 7.75%, 2015

   $ 1,215,000    $ 1,248,413

Graham Packaging Holdings Co., 9.875%, 2014

     1,625,000      1,671,719

Greif, Inc., 6.75%, 2017

     1,515,000      1,488,488

Owens-Brockway Glass Container, Inc., 8.25%, 2013

     905,000      923,100

Reynolds Group, 7.75%, 2016 (n)

     470,000      473,525
         
      $ 5,805,245
         

Defense Electronics – 0.5%

     

L-3 Communications Corp., 6.125%, 2014

   $ 500,000    $ 506,250

L-3 Communications Corp., 5.875%, 2015

     2,300,000      2,328,750
         
      $ 2,835,000
         

Electronics – 0.5%

     

Flextronics International Ltd., 6.25%, 2014

   $ 296,000    $ 293,780

Freescale Semiconductor, Inc., 8.875%, 2014

     1,375,000      1,223,750

Jabil Circuit, Inc., 7.75%, 2016

     1,345,000      1,432,425
         
      $ 2,949,955
         

Emerging Market Quasi-Sovereign – 7.8%

     

Banco do Brasil (Cayman Branch), 6%, 2020 (z)

   $ 596,000    $ 592,473

BNDES Participacoes S.A., 6.5%, 2019 (n)

     607,000      632,798

BNDES Participacoes S.A., 5.5%, 2020 (z)

     277,000      271,183

Ecopetrol S.A., 7.625%, 2019

     821,000      888,733

ELETROBRAS S.A., 6.875%, 2019 (n)

     2,220,000      2,314,350

Empresa Nacional del Petroleo, 6.25%, 2019 (n)

     1,632,000      1,726,095

Export-Import Bank of Korea, 5.875%, 2015

     1,185,000      1,272,367

Gaz Capital S.A., 8.125%, 2014 (n)

     2,200,000      2,389,750

KazMunaiGaz Finance B.V., 8.375%, 2013 (n)

     596,000      648,150

KazMunaiGaz Finance B.V., 8.375%, 2013

     1,078,000      1,172,325

KazMunaiGaz Finance B.V., 11.75%, 2015 (n)

     3,491,000      4,302,658

KazMunaiGaz Finance B.V., 9.125%, 2018 (n)

     713,000      817,276

Majapahit Holding B.V., 7.25%, 2017

     1,425,000      1,467,750

Majapahit Holding B.V., 7.25%, 2017 (n)

     1,469,000      1,513,070

Majapahit Holding B.V., 8%, 2019 (n)

     1,197,000      1,268,820

Majapahit Holding B.V., 7.75%, 2020 (n)

     1,913,000      1,979,955

OAO Gazprom, 6.212%, 2016

     1,886,000      1,858,842

Pemex Project Funding Master Trust, 5.75%, 2018

     1,676,000      1,685,691

Petrobras International Finance Co., 7.875%, 2019

     1,583,000      1,795,013

Petrobras International Finance Co., 6.875%, 2040

     620,000      623,594

Petroleos Mexicanos, 6%, 2020 (z)

     1,261,000      1,245,717

Petroleum Co. of Trinidad & Tobago Ltd., 9.75%, 2019 (n)

     476,000      536,690

Petróleos Mexicanos, 8%, 2019

     1,382,000      1,575,480

Qtel International Finance Ltd., 7.875%, 2019

     224,000      254,753

Qtel International Finance Ltd., 7.875%, 2019 (n)

     1,948,000      2,215,445

Ras Laffan Liquefied Natural Gas Co. Ltd., 8.294%, 2014 (n)

     2,259,000      2,467,761

Ras Laffan Liquefied Natural Gas Co. Ltd., 6.75%, 2019 (n)

     2,459,000      2,692,686

RSHB Capital S.A., 7.125%, 2014

     2,257,000      2,406,865
         
      $ 42,616,290
         

Emerging Market Sovereign – 8.5%

     

Republic of Argentina, 8.28%, 2033

   $ 2,374,116    $ 1,620,334

Republic of Argentina, FRN, 0.943%, 2012

     1,953,150      1,674,501

Republic of Argentina, 2.5% to 2019, 3.75% to 2029, 5.25% to 2038

     1,888,000      627,760

Republic of Colombia, 7.375%, 2019

     716,000      800,130

Republic of Colombia, 8.125%, 2024

     679,000      787,640

Republic of Colombia, 7.375%, 2037

     946,000      1,005,125

Republic of Colombia, 6.125%, 2041

     1,768,000      1,591,200

Republic of Croatia, 6.75%, 2019 (n)

     960,000      1,016,908

 

4


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Emerging Market Sovereign – continued

     

Republic of El Salvador, 7.375%, 2019 (n)

   $ 298,000    $ 313,645

Republic of Hungary, 6.25%, 2020

     862,000      864,595

Republic of Indonesia, 6.875%, 2018 (n)

     516,000      559,860

Republic of Indonesia, 6.875%, 2018

     1,676,000      1,818,460

Republic of Indonesia, 11.625%, 2019 (n)

     872,000      1,231,700

Republic of Indonesia, 11.625%, 2019

     733,000      1,035,363

Republic of Indonesia, 5.875%, 2020 (z)

     1,473,000      1,493,254

Republic of Indonesia, 7.75%, 2038 (n)

     1,559,000      1,720,746

Republic of Panama, 9.375%, 2029

     1,746,000      2,313,450

Republic of Peru, 8.375%, 2016

     3,213,000      3,823,470

Republic of Peru, 7.125%, 2019

     391,000      441,830

Republic of Peru, 7.35%, 2025

     544,000      607,920

Republic of Philippines, 9.375%, 2017

     1,576,000      1,954,240

Republic of Philippines, 6.5%, 2020

     381,000      402,907

Republic of Philippines, 6.5%, 2020

     1,305,000      1,380,038

Republic of Philippines, 6.375%, 2034

     2,181,000      2,055,593

Republic of Turkey, 7%, 2019

     1,953,000      2,128,770

Republic of Uruguay, 6.875%, 2025

     264,000      275,880

Republic of Venezuela, 5.75%, 2016

     3,742,000      2,638,110

Republic of Venezuela, 9%, 2023

     2,000,000      1,410,000

Republic of Venezuela, 7.65%, 2025

     1,345,000      833,900

Republic of Vietnam, 6.75%, 2020 (z)

     349,000      350,309

Russian Federation, 7.5%, 2030

     3,244,880      3,650,814

State of Qatar, 5.25%, 2020 (n)

     1,037,000      1,040,889

Ukraine Government International, 6.58%, 2016

     1,418,000      1,177,082

United Mexican States, 5.625%, 2017

     1,364,000      1,432,200

United Mexican States, 5.95%, 2019

     536,000      566,284
         
      $ 46,644,907
         

Energy - Independent – 4.4%

     

Anadarko Petroleum Corp., 6.45%, 2036

   $ 270,000    $ 277,648

Chaparral Energy, Inc., 8.875%, 2017

     1,200,000      1,044,000

Chesapeake Energy Corp., 9.5%, 2015

     505,000      550,450

Chesapeake Energy Corp., 6.375%, 2015

     695,000      681,100

Chesapeake Energy Corp., 6.875%, 2016

     710,000      699,350

Forest Oil Corp., 8.5%, 2014

     245,000      257,250

Forest Oil Corp., 7.25%, 2019

     1,205,000      1,211,025

Hilcorp Energy I LP, 9%, 2016 (n)

     1,415,000      1,468,063

Mariner Energy, Inc., 8%, 2017

     1,790,000      1,749,725

McMoRan Exploration Co., 11.875%, 2014

     1,115,000      1,215,350

Newfield Exploration Co., 6.625%, 2014

     435,000      439,350

Newfield Exploration Co., 6.625%, 2016

     400,000      400,000

OPTI Canada, Inc., 8.25%, 2014

     1,040,000      915,200

Penn Virginia Corp., 10.375%, 2016

     1,610,000      1,773,013

Petrohawk Energy Corp., 10.5%, 2014

     845,000      933,725

Pioneer Natural Resources Co., 6.875%, 2018

     1,400,000      1,375,349

Pioneer Natural Resources Co., 7.5%, 2020

     655,000      665,084

Plains Exploration & Production Co., 7%, 2017

     1,795,000      1,770,319

Quicksilver Resources, Inc., 8.25%, 2015

     1,675,000      1,725,250

Range Resources Corp., 8%, 2019

     1,315,000      1,400,475

SandRidge Energy, Inc., 9.875%, 2016 (n)

     330,000      350,625

SandRidge Energy, Inc., 8%, 2018 (n)

     1,850,000      1,840,750

Southwestern Energy Co., 7.5%, 2018

     1,400,000      1,491,000
         
      $ 24,234,101
         

Energy - Integrated – 0.8%

     

CCL Finance Ltd., 9.5%, 2014 (n)

   $ 2,118,000    $ 2,255,670

 

5


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Energy - Integrated – continued

     

Listrindo Capital B.V., 9.25%, 2015 (z)

   $ 253,000    $ 259,960

Pacific Rubiales Energy Corp., 8.75%, 2016 (n)

     1,327,000      1,380,080

TNK-BP Finance S.A., 6.25%, 2015 (z)

     292,000      290,621

TNK-BP Finance S.A., 7.25%, 2020 (z)

     357,000      353,787
         
      $ 4,540,118
         

Entertainment – 0.7%

     

AMC Entertainment, Inc., 11%, 2016

   $ 1,895,000    $ 2,037,125

AMC Entertainment, Inc., 8.75%, 2019

     890,000      921,150

Cinemark USA, Inc., 8.625%, 2019

     920,000      959,100
         
      $ 3,917,375
         

Financial Institutions – 1.6%

     

CIT Group, Inc., 7%, 2017

   $ 1,460,000    $ 1,244,650

GMAC, Inc., 6.875%, 2011

     1,076,000      1,076,000

GMAC, Inc., 7%, 2012

     625,000      620,313

GMAC, Inc., 6.75%, 2014

     1,870,000      1,818,575

GMAC, Inc., 8%, 2031

     1,108,000      1,060,910

International Lease Finance Corp., 5.875%, 2013

     1,248,000      1,050,392

International Lease Finance Corp., 5.625%, 2013

     2,380,000      1,958,378
         
      $ 8,829,218
         

Food & Beverages – 2.3%

     

Anheuser-Busch Cos., Inc., 7.75%, 2019 (n)

   $ 2,000,000    $ 2,372,230

ARAMARK Corp., 8.5%, 2015

     1,495,000      1,498,738

B&G Foods, Inc., 7.625%, 2018

     405,000      409,050

BFF International Ltd., 7.25%, 2020 (z)

     590,000      583,363

CEDC Finance Corp. International, Inc., 9.125%, 2016 (n)

     750,000      787,500

Dean Foods Co., 7%, 2016

     2,235,000      2,179,125

Del Monte Foods Co., 6.75%, 2015

     1,825,000      1,866,063

Pinnacle Foods Finance LLC, 9.25%, 2015

     1,115,000      1,120,575

Tyson Foods, Inc., 7.85%, 2016

     1,520,000      1,596,000
         
      $ 12,412,644
         

Food & Drug Stores – 0.3%

     

CVS Caremark Corp., 6.125%, 2016

   $ 1,300,000    $ 1,436,133
         

Forest & Paper Products – 1.5%

     

Buckeye Technologies, Inc., 8.5%, 2013

   $ 598,000    $ 608,465

Cascades, Inc., 7.75%, 2017 (n)

     585,000      596,700

Fibria, 9.25%, 2019 (n)

     310,000      346,425

Georgia-Pacific Corp., 7.125%, 2017 (n)

     2,395,000      2,454,875

Georgia-Pacific Corp., 8%, 2024

     890,000      925,600

Georgia-Pacific Corp., 7.25%, 2028

     270,000      260,550

Graphic Packaging International Corp., 9.5%, 2013

     840,000      863,100

Jefferson Smurfit Corp., 8.25%, 2012 (d)

     630,000      526,050

JSG Funding PLC, 7.75%, 2015

     65,000      63,375

Smurfit Kappa Group PLC, 7.75%, 2019 (n)

   EUR 600,000      827,740

UPM-Kymmene Corp., 6.125%, 2012

   EUR 100,000      145,510

Votorantim Celulose e Papel S.A., 6.625%, 2019 (n)

   $ 707,000      699,930
         
      $ 8,318,320
         

Gaming & Lodging – 3.6%

     

Ameristar Casinos, Inc., 9.25%, 2014 (n)

   $ 1,245,000    $ 1,285,463

Boyd Gaming Corp., 6.75%, 2014

     1,235,000      1,142,375

Firekeepers Development Authority, 13.875%, 2015 (n)

     205,000      234,725

Fontainebleau Las Vegas Holdings LLC, 10.25%, 2015 (d)(n)

     405,000      4,050

Harrah’s Operating Co., Inc., 11.25%, 2017

     1,500,000      1,593,750

Harrah’s Operating Co., Inc., 10%, 2018

     2,000      1,590

Harrah’s Operating Co., Inc., 10%, 2018

     1,295,000      1,029,525

 

6


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Gaming & Lodging – continued

     

Host Hotels & Resorts, Inc., 7.125%, 2013

   $ 395,000    $ 397,963

Host Hotels & Resorts, Inc., 6.75%, 2016

     2,355,000      2,302,013

Host Hotels & Resorts, Inc., 9%, 2017 (n)

     745,000      797,150

MGM Mirage, 6.75%, 2013

     800,000      728,000

MGM Mirage, 10.375%, 2014 (n)

     190,000      208,525

MGM Mirage, 7.5%, 2016

     735,000      613,725

MGM Mirage, 11.125%, 2017 (n)

     470,000      528,750

MGM Mirage, 11.375%, 2018 (n)

     120,000      113,400

Penn National Gaming, Inc., 8.75%, 2019 (n)

     1,555,000      1,586,100

Pinnacle Entertainment, Inc., 7.5%, 2015

     1,255,000      1,160,875

Royal Caribbean Cruises Ltd., 7%, 2013

     755,000      749,338

Royal Caribbean Cruises Ltd., 11.875%, 2015

     1,425,000      1,663,688

Scientific Games Corp., 6.25%, 2012

     825,000      808,500

Starwood Hotels & Resorts Worldwide, Inc., 6.75%, 2018

     990,000      987,525

Station Casinos, Inc., 6%, 2012 (d)

     1,080,000      183,600

Station Casinos, Inc., 6.5%, 2014 (d)

     325,000      1,625

Station Casinos, Inc., 6.875%, 2016 (d)

     1,450,000      7,250

Wyndham Worldwide Corp., 6%, 2016

     1,415,000      1,370,074
         
      $ 19,499,579
         

Industrial – 0.8%

     

Altra Holdings, Inc., 8.125%, 2016 (n)

   $ 595,000    $ 614,338

Aquilex Corp., 11.125%, 2016 (n)

     270,000      280,800

Baldor Electric Co., 8.625%, 2017

     1,760,000      1,790,800

Great Lakes Dredge & Dock Corp., 7.75%, 2013

     725,000      725,000

Johnsondiversey Holdings, Inc., 8.25%, 2019 (n)

     720,000      747,000
         
      $ 4,157,938
         

Insurance – 1.5%

     

AIG SunAmerica Global Financing X, 6.9%, 2032 (n)

   $ 2,384,000    $ 1,987,660

Allianz AG, 5.5% to 2014, FRN to 2049

   EUR 140,000      188,287

ING Groep N.V., 5.775% to 2015, FRN to 2049

   $ 3,825,000      3,009,701

MetLife, Inc., 9.25% to 2038, FRN to 2038 (n)

     1,000,000      1,120,000

Unum Group, 7.125%, 2016

     1,829,000      1,960,672
         
      $ 8,266,320
         

Insurance - Property & Casualty – 0.6%

     

Liberty Mutual Group, Inc., 10.75% to 2038, FRN to 2058 (n)

   $ 1,065,000    $ 1,171,500

USI Holdings Corp., FRN, 4.125%, 2014 (n)

     1,495,000      1,263,275

ZFS Finance USA Trust IV, 5.875% to 2012, FRN to 2032 (n)

     146,000      124,729

ZFS Finance USA Trust V, 6.5% to 2017, FRN to 2032 (n)

     680,000      605,200
         
      $ 3,164,704
         

International Market Quasi-Sovereign – 0.5%

     

Canada Housing Trust, 4.6%, 2011 (n)

   CAD 294,000    $ 290,288

Irish Life & Permanent PLC, 3.6%, 2013 (z)

   $ 2,500,000      2,517,438
         
      $ 2,807,726
         

International Market Sovereign – 7.5%

     

Federal Republic of Germany, 5.25%, 2010

   EUR 1,342,000    $ 1,897,877

Federal Republic of Germany, 3.75%, 2015

   EUR 1,318,000      1,951,231

Federal Republic of Germany, 6.25%, 2030

   EUR 489,000      889,174

Government of Canada, 4.5%, 2015

   CAD 531,000      544,458

Government of Canada, 5.75%, 2033

   CAD 96,000      113,237

Government of Japan, 1.5%, 2012

   JPY 393,000,000      4,488,559

Government of Japan, 1.3%, 2014

   JPY 162,000,000      1,861,282

Government of Japan, 1.7%, 2017

   JPY 372,600,000      4,368,788

Government of Japan, 2.2%, 2027

   JPY 358,200,000      4,086,643

Kingdom of Belgium, 5.5%, 2017

   EUR 218,000      347,958

 

7


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

International Market Sovereign – continued

     

Kingdom of Netherlands, 3.75%, 2014

   EUR 770,000    $ 1,136,507

Kingdom of Netherlands, 5.5%, 2028

   EUR 262,000      432,871

Kingdom of Spain, 5.35%, 2011

   EUR 1,307,000      1,920,068

Kingdom of Spain, 4.6%, 2019

   EUR 430,000      620,768

Kingdom of Sweden, 4.5%, 2015

   SEK 1,965,000      291,460

Republic of Austria, 4.65%, 2018

   EUR 774,000      1,171,107

Republic of Finland, 3.875%, 2017

   EUR 531,000      771,246

Republic of France, 4.75%, 2012

   EUR 406,000      610,457

Republic of France, 4.75%, 2035

   EUR 789,000      1,201,395

Republic of Ireland, 4.6%, 2016

   EUR 939,000      1,341,631

Republic of Italy, 4.75%, 2013

   EUR 3,231,000      4,785,837

Republic of Italy, 5.25%, 2017

   EUR 1,575,000      2,424,973

Republic of Portugal, 4.45%, 2018

   EUR 247,000      347,753

United Kingdom Treasury, 8%, 2015

   GBP 943,000      1,897,272

United Kingdom Treasury, 8%, 2021

   GBP 304,000      659,456

United Kingdom Treasury, 4.25%, 2036

   GBP 432,000      673,116
         
      $ 40,835,124
         

Machinery & Tools – 0.4%

     

Case New Holland, Inc., 7.125%, 2014

   $ 1,135,000    $ 1,135,000

Rental Service Corp., 9.5%, 2014

     1,120,000      1,134,000
         
      $ 2,269,000
         

Major Banks – 2.8%

     

Bank of America Corp., 5.65%, 2018

   $ 2,000,000    $ 2,018,796

Bank of America Corp., 8% to 2018, FRN to 2049

     2,040,000      1,936,878

Bank of Ireland, 7.4%, 2049

   EUR 250,000      221,840

BNP Paribas, 5.186% to 2015, FRN to 2049 (n)

   $ 2,099,000      1,867,440

BNP Paribas Capital Trust III, 6.625% to 2011, FRN to 2049

   EUR 100,000      136,626

Credit Suisse (USA), Inc., 6%, 2018

   $ 1,500,000      1,583,666

Goldman Sachs Group, Inc., 7.5%, 2019

     2,000,000      2,318,158

JPMorgan Chase Capital XXVII, 7%, 2039

     410,000      424,022

Morgan Stanley, 6.625%, 2018

     2,000,000      2,186,904

MUFG Capital Finance 1 Ltd., 6.346% to 2016, FRN to 2049

     599,000      579,786

National Westminster Bank PLC, 6.625% to 2009, FRN to 2049

   EUR 330,000      315,706

Royal Bank of Scotland Group PLC, FRN, 7.648%, 2049

   $ 545,000      424,495

UniCredito Luxembourg Finance S.A., 6%, 2017 (n)

     990,000      1,026,512
         
      $ 15,040,829
         

Medical & Health Technology & Services – 5.0%

     

Biomet, Inc., 10%, 2017

   $ 1,035,000    $ 1,125,563

Biomet, Inc., 11.625%, 2017

     925,000      1,017,500

Community Health Systems, Inc., 8.875%, 2015

     2,955,000      3,054,731

Cooper Cos., Inc., 7.125%, 2015

     1,020,000      1,002,150

Dasa Finance Corp., 8.75%, 2018

     800,000      830,000

DaVita, Inc., 6.625%, 2013

     198,000      198,495

DaVita, Inc., 7.25%, 2015

     1,356,000      1,357,695

Fisher Scientific International, Inc., 6.125%, 2015

     1,500,000      1,569,375

Fresenius Medical Care AG & Co. KGaA, 9%, 2015 (n)

     875,000      980,000

HCA, Inc., 8.75%, 2010

     1,220,000      1,244,400

HCA, Inc., 9.25%, 2016

     4,555,000      4,805,525

HCA, Inc., 8.5%, 2019 (n)

     765,000      808,988

HealthSouth Corp., 8.125%, 2020

     1,320,000      1,293,600

Owens & Minor, Inc., 6.35%, 2016

     1,420,000      1,325,320

Psychiatric Solutions, Inc., 7.75%, 2015

     410,000      392,575

Psychiatric Solutions, Inc., 7.75%, 2015 (n)

     440,000      410,300

Tenet Healthcare Corp., 9.25%, 2015

     1,000,000      1,035,000

U.S. Oncology, Inc., 10.75%, 2014

     1,090,000      1,136,325

 

8


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Medical & Health Technology & Services – continued

     

United Surgical Partners International, Inc., 8.875%, 2017

   $ 325,000    $ 333,938

United Surgical Partners International, Inc., 9.25%, 2017 (p)

     415,000      432,119

Universal Hospital Services, Inc., 8.5%, 2015 (p)

     1,300,000      1,270,750

VWR Funding, Inc., 10.25%, 2015 (p)

     1,690,000      1,766,050
         
      $ 27,390,399
         

Metals & Mining – 2.8%

     

Arch Western Finance LLC, 6.75%, 2013

   $ 2,075,000    $ 2,054,250

Bumi Capital Pte Ltd., 12%, 2016 (n)

     1,468,000      1,508,370

Cloud Peak Energy, Inc., 8.25%, 2017 (n)

     725,000      743,125

Cloud Peak Energy, Inc., 8.5%, 2019 (n)

     725,000      754,000

FMG Finance Ltd., 10.625%, 2016 (n)

     1,105,000      1,251,413

Freeport-McMoRan Copper & Gold, Inc., 8.375%, 2017

     2,560,000      2,784,000

Freeport-McMoRan Copper & Gold, Inc., FRN, 3.881%, 2015

     195,000      193,920

Gerdau Holdings, Inc., 7%, 2020 (n)

     1,226,000      1,232,130

International Steel Group, Inc., 6.5%, 2014

     1,300,000      1,418,635

Peabody Energy Corp., 5.875%, 2016

     1,970,000      1,930,600

Vale Overseas Ltd., 6.875%, 2039

     1,265,000      1,291,732
         
      $ 15,162,175
         

Natural Gas - Distribution – 0.5%

     

AmeriGas Partners LP, 7.25%, 2015

   $ 1,830,000    $ 1,857,450

AmeriGas Partners LP, 7.125%, 2016

     15,000      15,188

Inergy LP, 6.875%, 2014

     870,000      867,825
         
      $ 2,740,463
         

Natural Gas - Pipeline – 1.8%

     

Atlas Pipeline Partners LP, 8.125%, 2015

   $ 1,800,000    $ 1,665,000

Atlas Pipeline Partners LP, 8.75%, 2018

     375,000      346,875

CenterPoint Energy, Inc., 7.875%, 2013

     1,250,000      1,433,659

Deutsche Bank (El Paso Performance-Linked Trust, CLN), 7.75%, 2011 (n)

     1,890,000      1,967,666

El Paso Corp., 8.25%, 2016

     925,000      996,688

El Paso Corp., 7%, 2017

     450,000      460,083

El Paso Corp., 7.75%, 2032

     749,000      744,422

Kinder Morgan Energy Partners LP, 5.125%, 2014

     1,147,000      1,234,134

MarkWest Energy Partners LP, 6.875%, 2014

     925,000      906,500

MarkWest Energy Partners LP, 8.75%, 2018

     220,000      228,800
         
      $ 9,983,827
         

Network & Telecom – 2.5%

     

Axtel S.A.B. de C.V., 9%, 2019 (n)

   $ 328,000    $ 337,020

BellSouth Corp., 6.55%, 2034

     3,213,000      3,329,201

Cincinnati Bell, Inc., 8.375%, 2014

     750,000      755,625

Cincinnati Bell, Inc., 8.25%, 2017

     1,080,000      1,082,700

Citizens Communications Co., 9%, 2031

     1,230,000      1,217,700

Nordic Telephone Co. Holdings, 8.875%, 2016 (n)

     715,000      761,475

Qwest Communications International, Inc., 7.25%, 2011

     385,000      385,000

Qwest Communications International, Inc., 8%, 2015 (n)

     480,000      496,800

Qwest Communications International, Inc., 7.125%, 2018 (z)

     950,000      926,250

Qwest Corp., 8.375%, 2016

     457,000      500,415

Telemar Norte Leste S.A., 9.5%, 2019 (n)

     1,753,000      2,086,070

Windstream Corp., 8.625%, 2016

     1,545,000      1,585,556
         
      $ 13,463,812
         

Oil Services – 0.4%

     

Allis-Chalmers Energy, Inc., 8.5%, 2017

   $ 825,000    $ 742,500

Basic Energy Services, Inc., 7.125%, 2016

     335,000      288,100

Expro Finance Luxembourg, 8.5%, 2016 (n)

     315,000      313,425

McJunkin Red Man Holding Corp., 9.5%, 2016 (z)

     455,000      453,863

 

9


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Oil Services – continued

     

Trico Shipping A.S., 11.875%, 2014 (n)

   $ 335,000    $ 351,750
         
      $ 2,149,638
         

Oils – 0.2%

     

Holly Corp., 9.875%, 2017 (n)

   $ 380,000    $ 402,800

Petroplus Holdings AG, 9.375%, 2019 (n)

     480,000      475,200
         
      $ 878,000
         

Other Banks & Diversified Financials – 2.0%

     

Banco BMG S.A., 9.95%, 2019 (n)

   $ 1,594,000    $ 1,677,696

Banco Votorantim, 7.375%, 2020 (z)

     732,000      742,065

Bosphorus Financial Services Ltd., FRN, 2.072%, 2012

     1,125,000      1,075,385

Capital One Financial Corp., 10.25%, 2039

     520,000      595,301

Citigroup, Inc., 6.125%, 2018

     1,500,000      1,506,579

Groupe BPCE S.A., 12.5% to 2019, FRN to 2049 (n)

     1,958,000      2,352,286

LBG Capital No.1 PLC, 7.875%, 2020 (z)

     650,000      572,000

Resona Bank Ltd., 5.85% to 2016, FRN to 2049 (n)

     626,000      577,538

Woori America Bank, 7%, 2015 (n)

     341,000      375,443

Woori Bank, 6.125% to 2011, FRN to 2016 (n)

     1,510,000      1,525,636
         
      $ 10,999,929
         

Pollution Control – 0.1%

     

Allied Waste North America, Inc., 7.125%, 2016

   $ 625,000    $ 673,438
         

Precious Metals & Minerals – 0.9%

     

Alrosa Finance S.A., 8.875%, 2014

   $ 895,000    $ 940,914

Teck Resources Ltd., 9.75%, 2014

     985,000      1,125,363

Teck Resources Ltd., 10.25%, 2016

     745,000      851,163

Teck Resources Ltd., 10.75%, 2019

     1,865,000      2,196,038
         
      $ 5,113,478
         

Printing & Publishing – 0.5%

     

American Media Operations, Inc., 9%, 2013 (p)(z)

   $ 29,783    $ 18,711

American Media Operations, Inc., 14%, 2013 (p)(z)

     318,400      195,966

Nielsen Finance LLC, 10%, 2014

     1,835,000      1,908,400

Nielsen Finance LLC, 11.5%, 2016

     725,000      812,000
         
      $ 2,935,077
         

Railroad & Shipping – 0.2%

     

Kansas City Southern Railway, 8%, 2015

   $ 1,135,000    $ 1,167,631

TFM S.A. de C.V., 9.375%, 2012

     68,000      69,700
         
      $ 1,237,331
         

Real Estate – 0.1%

     

CB Richard Ellis Group, Inc., 11.625%, 2017

   $ 365,000    $ 410,625
         

Retailers – 2.3%

     

Couche-Tard, Inc., 7.5%, 2013

   $ 715,000    $ 723,938

Dollar General Corp., 11.875%, 2017 (p)

     454,000      522,100

Federated Retail Holdings, Inc., 5.9%, 2016

     1,080,000      1,031,400

Home Depot, Inc., 5.875%, 2036

     846,000      819,848

Limited Brands, Inc., 5.25%, 2014

     855,000      825,075

Limited Brands, Inc., 6.95%, 2033

     360,000      311,400

Macy’s Retail Holdings, Inc., 5.75%, 2014

     1,725,000      1,729,313

Neiman Marcus Group, Inc., 10.375%, 2015

     2,250,000      2,205,000

Sally Beauty Holdings, Inc., 10.5%, 2016

     1,255,000      1,342,850

Toys “R” Us, Inc., 7.625%, 2011

     370,000      382,025

Toys “R” Us, Inc., 10.75%, 2017 (n)

     1,545,000      1,711,088

Toys “R” Us, Inc., 8.5%, 2017 (n)

     660,000      679,800
         
      $ 12,283,837
         

 

10


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Specialty Chemicals – 0.1%

     

Airgas, Inc., 7.125%, 2018 (z)

   $ 555,000    $ 582,750
         

Specialty Stores – 0.1%

     

GSC Holdings Corp., 8%, 2012

   $ 440,000    $ 451,000

Payless ShoeSource, Inc., 8.25%, 2013

     227,000      231,824
         
      $ 682,824
         

Supermarkets – 0.3%

     

Delhaize America, Inc., 9%, 2031

   $ 983,000    $ 1,255,399

SUPERVALU, Inc., 8%, 2016

     575,000      575,000
         
      $ 1,830,399
         

Supranational – 0.5%

     

Central American Bank, 4.875%, 2012 (n)

   $ 521,000    $ 532,898

Eurasian Development Bank, 7.375%, 2014 (n)

     260,000      275,600

European Investment Bank, 5.125%, 2017

     1,500,000      1,665,021
         
      $ 2,473,519
         

Telecommunications - Wireless – 2.5%

     

Cricket Communications, Inc., 7.75%, 2016

   $ 735,000    $ 739,594

Crown Castle International Corp., 9%, 2015

     2,330,000      2,525,138

Crown Castle International Corp., 7.75%, 2017 (n)

     470,000      506,425

Crown Castle International Corp., 7.125%, 2019

     370,000      367,225

Crown Castle Towers LLC, 6.113%, 2020 (z)

     420,000      435,459

Digicel Group Ltd., 12%, 2014 (n)

     400,000      444,000

Digicel Group Ltd., 8.25%, 2017 (n)

     1,140,000      1,102,950

Net Servicos de Comunicacao S.A., 7.5%, 2020 (n)

     1,055,000      1,070,825

Nextel Communications, Inc., 6.875%, 2013

     875,000      815,938

NII Holdings, Inc., 10%, 2016 (n)

     820,000      856,900

SBA Communications Corp., 8%, 2016 (n)

     340,000      352,750

SBA Communications Corp., 8.25%, 2019 (n)

     295,000      309,750

Sprint Nextel Corp., 8.375%, 2017

     1,185,000      1,155,375

Sprint Nextel Corp., 8.75%, 2032

     1,610,000      1,449,000

Wind Acquisition Finance S.A., 12%, 2015 (n)

     1,602,000      1,726,155
         
      $ 13,857,484
         

Telephone Services – 0.2%

     

Frontier Communications Corp., 8.125%, 2018

   $ 985,000    $ 992,388
         

Tobacco – 0.6%

     

Alliance One International, Inc., 10%, 2016 (n)

   $ 820,000    $ 869,200

Alliance One International, Inc., 10%, 2016 (n)

     365,000      386,900

Reynolds American, Inc., 6.75%, 2017

     2,016,000      2,149,461
         
      $ 3,405,561
         

Transportation - Services – 1.1%

     

Commercial Barge Line Co., 12.5%, 2017

   $ 995,000    $ 1,037,288

Erac USA Finance Co., 7%, 2037 (n)

     878,000      922,955

Hertz Corp., 8.875%, 2014

     2,130,000      2,145,975

Navios Maritime Holdings, Inc., 8.875%, 2017 (n)

     940,000      972,900

Westinghouse Air Brake Technologies Corp., 6.875%, 2013

     795,000      803,944
         
      $ 5,883,062
         

U.S. Treasury Obligations – 4.5%

     

U.S. Treasury Bonds, 8%, 2021

   $ 7,000,000    $ 9,709,217

U.S. Treasury Bonds, 5.375%, 2031

     3,386,000      3,832,529

U.S. Treasury Bonds, 4.5%, 2036 (f)

     11,029,000      11,113,438
         
      $ 24,655,184
         

Utilities - Electric Power – 4.7%

     

AES Corp., 8%, 2017

   $ 3,435,000    $ 3,460,763

 

11


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Utilities - Electric Power – continued

     

Allegheny Energy Supply Co. LLC, 8.25%, 2012 (n)

   $ 805,000    $ 893,542

Beaver Valley Funding Corp., 9%, 2017

     2,040,000      2,236,166

Calpine Corp., 8%, 2016 (n)

     940,000      958,800

CenterPoint Energy, Inc., 6.5%, 2018

     600,000      634,838

Colbun S.A., 6%, 2020 (z)

     997,000      996,307

Dynegy Holdings, Inc., 7.5%, 2015

     2,085,000      1,866,075

Edison Mission Energy, 7%, 2017

     1,750,000      1,382,500

Energy Future Holdings, 10%, 2020 (z)

     635,000      652,463

Enersis S.A., 7.375%, 2014

     357,000      398,428

ISA Capital do Brasil S.A., 7.875%, 2012 (n)

     251,000      261,668

Mirant North America LLC, 7.375%, 2013

     1,630,000      1,621,850

NRG Energy, Inc., 7.375%, 2016

     3,640,000      3,621,800

RRI Energy, Inc., 7.875%, 2017

     578,000      550,545

System Energy Resources, Inc., 5.129%, 2014 (z)

     1,147,839      1,143,431

Texas Competitive Electric Holdings LLC, 10.25%, 2015

     4,155,000      3,251,288

Waterford 3 Funding Corp., 8.09%, 2017

     1,516,224      1,534,465
         
      $ 25,464,929
         

Total Bonds

      $ 595,427,956
         

Floating Rate Loans (g)(r) – 2.2%

     

Aerospace – 0.1%

     

Hawker Beechcraft Acquisition Co. LLC, Term Loan, 10.5%, 2014

   $ 467,161    $ 438,664
         

Automotive – 0.8%

     

Accuride Corp., Term Loan, 9.25%, 2013

   $ 62,041    $ 61,974

Allison Transmission, Inc., Term Loan B, 3%, 2014

     749,824      687,026

Federal-Mogul Corp., Term Loan B, 2.16%, 2014

     488,034      412,998

Ford Motor Co., Term Loan B, 3.25%, 2013

     2,514,487      2,348,800

Goodyear Tire & Rubber Co., Second Lien Term Loan, 2.34%, 2014

     713,967      663,990
         
      $ 4,174,788
         

Broadcasting – 0.1%

     

Gray Television, Inc., Term Loan B, 3.75%, 2014

   $ 332,887    $ 305,424

Local TV Finance LLC, Term Loan B, 2.26%, 2013

     83,186      72,372
         
      $ 377,796
         

Building – 0.1%

     

Building Materials Holding Corp., Term Loan, 3%, 2014

   $ 383,358    $ 373,135
         

Chemicals – 0.4%

     

LyondellBasell, DIP Term Loan, 9.16%, 2010 (q)

   $ 212,509    $ 221,381

LyondellBasell, DIP Term Loan B-3, 5.79%, 2010 (o)

     638,350      667,475

LyondellBasell, Dutch Tranche Revolving Credit Loan, 3.73%, 2014

     34,862      25,210

LyondellBasell, Dutch Tranche Term Loan, 3.73%, 2013

     78,912      57,063

LyondellBasell, German Tranche Term Loan B-1, 3.98%, 2014

     100,085      72,374

LyondellBasell, German Tranche Term Loan B-2, 3.98%, 2014

     100,085      72,374

LyondellBasell, German Tranche Term Loan B-3, 3.98%, 2014

     100,085      72,374

LyondellBasell, U.S. Tranche Revolving Credit Loan, 3.73%, 2014

     130,732      94,536

LyondellBasell, U.S. Tranche Term Loan, 3.73%, 2014

     249,081      180,118

LyondellBasell, U.S. Tranche Term Loan B-1, 7%, 2014

     434,296      314,053

LyondellBasell, U.S. Tranche Term Loan B-2, 7%, 2014

     434,296      314,053

LyondellBasell, U.S. Tranche Term Loan B-3, 7%, 2014

     434,296      314,053
         
      $ 2,405,064
         

Gaming & Lodging – 0.4%

     

MGM Mirage, Term Loan B, 6%, 2011 (o)

   $ 1,546,268    $ 1,486,736

Motorcity Casino, Term Loan B, 8.5%, 2012

     592,221      583,584
         
      $ 2,070,320
         

 

12


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

Issuer

   Shares/Par    Value ($)  

Floating Rate Loans (g)(r) – continued

     

Specialty Stores – 0.2%

     

Michaels Stores, Inc., Term Loan B1, 2.56%, 2013

   $ 464,919    $ 418,863   

Michaels Stores, Inc., Term Loan B2, 4.81%, 2016

     613,029      582,888   
           
      $ 1,001,751   
           

Utilities - Electric Power – 0.1%

     

Texas Competitive Electric Holdings Co. LLC, Term Loan B-3, 3.73%, 2014

   $ 1,105,919    $ 897,792   
           

Total Floating Rate Loans

      $ 11,739,310   
           

Preferred Stocks – 0.0%

     

Financial Institutions – 0.0%

     

GMAC, Inc., 7% (z)

     371    $ 265,149   
           

Common Stocks – 0.2%

     

Broadcasting – 0.0%

     

Supermedia, Inc. (a)

     393    $ 14,306   
           

Construction – 0.1%

     

Nortek, Inc. (a)

     16,882    $ 658,398   
           

Printing & Publishing – 0.1%

     

American Media, Inc. (a)

     5,455    $ 15,656   

Dex One Corp. (a)

     11,859      397,988   

Golden Books Family Entertainment, Inc. (a)

     19,975      0   
           
      $ 413,644   
           

Total Common Stocks

      $ 1,086,348   
           

Rights – 0.0%

     

Emerging Market Sovereign – 0.0%

     

Banco Central del Uruguay, Value Recovery Rights, Expiring January 2021 (a)

     1,250,000    $ 0   
           

Money Market Funds (v) – 4.7%

     

MFS Institutional Money Market Portfolio, 0.14%, at Net Asset Value

     25,730,825    $ 25,730,825   
           

Total Investments

      $ 634,249,588   
           

Other Assets, Less Liabilities – (16.1)%

        (88,143,620
           

Net Assets – 100.0%

      $ 546,105,968   
           

 

(a) Non-income producing security.
(d) Non-income producing security - 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.
(i) Interest only security for which the trust 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 $134,315,027, representing 24.60% of net assets.
(o) All or a portion of this position has not settled. Upon settlement date, interest rates for unsettled amounts will be determined. The rate shown represents the weighted average coupon rate for settled amounts.
(p) Payment-in-kind security.
(q) All or a portion of this position represents an unfunded loan commitment. The rate shown represents a weighted average coupon rate on the full position, including the unfunded loan commitment which has no current 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 fund that is available only to investment companies managed by MFS. The rate quoted is the annualized seven- day yield of the fund at period end.

 

13


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - 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    Current
Market Value
 

ARCap REIT, Inc., CDO, “H”, 6.08%, 2045

   9/21/04    $ 1,743,801    $ 75,000   

Airgas, Inc., 7.125%, 2018

   1/26/10      586,913      582,750   

American Media Operations, Inc., 9%, 2013

   1/29/09 - 10/15/09      20,460      18,711   

American Media Operations, Inc., 14%, 2013

   1/29/09 - 10/15/09      190,270      195,966   

BFF International Ltd., 7.25%, 2020

   1/21/10      584,849      583,363   

BNDES Participacoes S.A., 5.5%, 2020

   1/05/10      274,104      271,183   

Banco Votorantim, 7.375%, 2020

   1/12/10      732,000      742,065   

Banco do Brasil (Cayman Branch), 6%, 2020

   1/15/10      592,728      592,473   

Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.83%, 2040

   3/01/06      3,212,839      1,366,099   

Bombardier, Inc., 7.45%, 2034

   1/25/10      194,778      192,675   

Colbun S.A., 6%, 2020

   1/14/10      986,761      996,307   

Crown Castle Towers LLC, 6.113%, 2020

   1/08/10      420,000      435,459   

DLJ Commercial Mortgage Corp., 6.04%, 2031

   7/23/04      1,969,453      2,040,331   

Energy Future Holdings, 10%, 2020

   1/07/10      644,000      652,463   

Falcon Franchise Loan LLC, FRN, 3.669%, 2025

   1/29/03      578,348      380,036   

GMAC LLC, FRN, 6.02%, 2033

   11/17/00      2,486,474      2,390,944   

GMAC, Inc., 7% (Preferred Stock)

   12/26/08      285,670      265,149   

Grupo Posadas S.A. de C.V., 9.25%, 2015

   1/08/10      216,860      224,475   

Hexion Finance Escrow LLC, 8.875%, 2018

   1/14/10 - 1/26/10      756,699      742,088   

Irish Life & Permanent PLC, 3.6%, 2013

   1/08/10      2,504,850      2,517,438   

LBG Capital No.1 PLC, 7.875%, 2020

   1/08/10      585,189      572,000   

Libbey Glass, Inc., 10%, 2015

   1/28/10      83,370      86,063   

Listrindo Capital B.V., 9.25%, 2015

   1/22/10      250,738      259,960   

Local TV Finance LLC, 10%, 2015

   11/09/07 - 11/30/09      650,667      355,878   

McJunkin Red Man Holding Corp., 9.5%, 2016

   1/21/10 - 1/22/10      461,813      453,863   

Morgan Stanley Capital I, Inc., FRN, 1.269%, 2039

   7/20/04      346,327      207,021   

PNC Mortgage Acceptance Corp., FRN, 7.1%, 2032

   3/25/08      2,490,000      2,475,611   

Petroleos Mexicanos, 6%, 2020

   1/28/10      1,245,717      1,245,717   

Prudential Securities Secured Financing Corp., FRN, 7.3%, 2013

   12/06/04      2,865,414      2,306,869   

Qwest Communications International, Inc., 7.125%, 2018

   1/07/10 - 1/08/10      936,294      926,250   

Republic of Indonesia, 5.875%, 2020

   1/12/10      1,458,918      1,493,254   

Republic of Vietnam, 6.75%, 2020

   1/25/10      344,030      350,309   

System Energy Resources, Inc., 5.129%, 2014

   4/16/04      1,147,839      1,143,431   

TNK-BP Finance S.A., 6.25%, 2015

   1/27/10      289,538      290,621   

TNK-BP Finance S.A., 7.25%, 2020

   1/27/10      350,799      353,787   

Urbi Desarrollos Urbanos S.A. de C.V., 9.5%, 2020

   1/13/10      498,025      511,060   
              

Total Restricted Securities

         $ 28,296,669   

% of Net Assets

           5.2

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

 

CDO   Collateralized Debt Obligation
CLN   Credit-Linked Note
DIP   Debtor-in-Possession
FRN   Floating Rate Note. Interest rate resets periodically and may not be the rate reported at period end.
PLC   Public Limited Company
REIT   Real Estate Investment Trust

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

 

BRL   Brazilian Real
CAD   Canadian Dollar
CLP   Chilean Peso
CNY   Chinese Yuan Renminbi
EUR   Euro
GBP   British Pound

 

14


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (Unaudited) 1/31/10 - continued

 

INR   Indian Rupee
JPY   Japanese Yen
KRW   Korean Won
MXN   Mexican Peso
PHP   Philippine Peso
PLN   Polish Zloty
RUB   Russian Ruble
SEK   Swedish Krona
TRY   Turkish Lira
TWD   Taiwan Dollar
ZAR   South African Rand

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

 

15


MFS Multimarket Income Trust

Supplemental Information (Unaudited) 1/31/10

(1) Investment Valuations

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. Equity securities held short, for which there were no sales reported for that day, are generally valued at the last quoted daily ask quotation as provided by a third-party pricing service on the market or exchange on which such securities are primarily traded. Debt instruments and floating rate loans (other than short-term instruments), including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less generally are valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price as provided by a third-party pricing service on the market on which they are primarily traded. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation as provided by a third-party pricing service on the market on which such futures contracts are primarily traded. Forward foreign currency 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. Events that occur on a frequent basis after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund’s net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund’s foreign equity securities may often be valued at fair value. 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 carried at market value. 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, forwards, swap contracts, and written options.

 

16


MFS Multimarket Income Trust

Supplemental Information (Unaudited) 1/31/10 - continued

The following is a summary of the levels used as of January 31, 2010 in valuing the fund’s assets or liabilities carried at market value:

 

Investments at Value

   Level 1    Level 2    Level 3    Total

Equity Securities

   $ 14,306    $ 1,321,535    $ 15,656    $ 1,351,497

U.S. Treasury Bonds & U.S. Government Agency & Equivalents

     —        24,655,184      —        24,655,184

Non-U.S. Sovereign Debt

     —        135,377,566      —        135,377,566

Corporate Bonds

     —        326,498,077      —        326,498,077

Residential Mortgage-Backed Securities

     —        1,975,622      —        1,975,622

Commercial Mortgage-Backed Securities

     —        29,654,802      —        29,654,802

Asset-Backed Securities (including CDOs)

     —        1,542,527      —        1,542,527

Foreign Bonds

     —        73,756,510      —        73,756,510

Floating Rate Loans

     —        11,739,310      —        11,739,310

Other Fixed Income Securities

     —        1,967,668      —        1,967,668

Mutual Funds

     25,730,825      —        —        25,730,825
                           

Total Investments

   $ 25,745,131    $ 608,488,801    $ 15,656    $ 634,249,588
                           

Other Financial Instruments

                   

Futures

   $ 78,109    $ —      $ —      $ 78,109

Forward Currency Contracts

     —        954,464      —        954,464

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 table presents the activity of Level 3 securities held at the beginning and the end of the period.

 

     Equity
Securities

Balance as of 10/31/09

   $ 7,310

Accrued discounts/premiums

     —  

Realized gain (loss)

     —  

Change in unrealized appreciation (depreciation)

     8,346

Net purchases (sales)

     —  

Transfers in and/or out of Level 3

     —  
      

Balance as of 1/31/10

   $ 15,656
      

The net change in unrealized appreciation (depreciation) from investments still held as Level 3 at January 31, 2010 is $8,346.

In January 2010, Accounting Standards Update (ASU) No. 2010-06, Improving Disclosures about Fair Value Measurements (the “Update”) was issued, and is effective for interim and annual reporting periods beginning after December 15, 2009. This Update provides for expanded disclosures about fair value measurements. Management is evaluating the application of the Update to the fund, and believes the impact will be limited to expanded disclosures resulting from the adoption of this Update in the fund’s financial statements.

(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

   $ 608,490,951   
        

Gross unrealized appreciation

   $ 44,657,822   

Gross unrealized depreciation

     (18,899,185
        

Net unrealized appreciation (depreciation)

   $ 25,758,637   
        

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

 

17


MFS Multimarket Income Trust

Supplemental Information (Unaudited) 1/31/10 - continued

(3) Derivative Contracts at 1/31/10

Forward Foreign Currency Exchange Contracts at 1/31/10

 

Type

   Currency   

Counterparty

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

Asset Derivatives

              

SELL

   BRL    Deutsche Bank AG    2,478,430    2/02/10    $ 1,328,205    $ 1,314,817    $ 13,388   

SELL

   EUR    Deutsche Bank AG    892,643    3/04/10      1,342,000      1,237,554      104,446   

SELL

   EUR    Goldman Sachs International    319,191    3/15/10      451,665      442,513      9,152   

SELL

   EUR    HSBC Bank    1,385,928    3/15/10      1,981,662      1,921,393      60,269   

SELL

   EUR    UBS AG    23,414,683    3/15/10      34,203,998      32,461,139      1,742,859   

BUY

   INR    Deutsche Bank AG    55,677,065    2/11/10      1,190,953      1,205,096      14,143   

BUY

   RUB    JPMorgan Chase Bank    41,695,000    2/24/10      1,346,738      1,368,659      21,921   

SELL

   RUB    JPMorgan Chase Bank    41,625,000    2/11/10      1,372,856      1,368,839      4,017   

SELL

   SEK    UBS AG    2,420,895    4/12/10      334,595      327,678      6,917   

SELL

   ZAR    Barclays Bank PLC    9,541    3/23/10      1,267      1,240      27   
                          
                     $ 1,977,139   
                          

Liability Derivatives

              

BUY

   BRL    Deutsche Bank AG    4,956,860    2/02/10 - 3/02/10    $ 2,734,785    $ 2,623,144    $ (111,641

BUY

   BRL    JPMorgan Chase Bank    2,584,000    3/02/10      1,379,605      1,364,056      (15,549

BUY

   CAD    UBS AG    395,580    3/10/10      374,801      369,942      (4,859

BUY

   CLP    HSBC Bank    721,295,000    03/02/10      1,383,116      1,377,043      (6,073

BUY

   CNY    Deutsche Bank AG    6,082,000    5/17/10      904,790      890,630      (14,160

BUY

   CNY    HSBC Bank    12,127,000    5/17/10      1,803,808      1,775,841      (27,967

BUY

   EUR    UBS AG    5,238,601    3/15/10      7,411,631      7,262,578      (149,053

SELL

   GBP    Barclays Bank PLC    793,570    4/12/10      1,266,895      1,267,891      (996

SELL

   GBP    Deutsche Bank AG    793,570    4/12/10      1,267,371      1,267,891      (520

SELL

   GBP    UBS AG    506,962    3/15/10      807,499      810,133      (2,634

SELL

   JPY    JPMorgan Chase Bank    1,176,759,332    4/12/10      12,682,783      13,040,169      (357,386

SELL

   JPY    Merrill Lynch International Bank    288,984,482    4/12/10      3,112,246      3,202,359      (90,113

BUY

   KRW    Deutsche Bank AG    1,566,266,000    2/08/10      1,373,857      1,347,959      (25,898

BUY

   KRW    Merrill Lynch International Bank    1,558,596,000    2/08/10      1,366,231      1,341,359      (24,872

BUY

   MXN    Merrill Lynch International Bank    17,090,000    2/08/10      1,323,319      1,305,826      (17,493

BUY

   PHP    JPMorgan Chase Bank    124,976,000    2/05/10 - 2/16/10      2,724,277      2,684,948      (39,329

BUY

   PLN    Deutsche Bank AG    3,678,765    3/04/10      1,341,000      1,256,771      (84,229

BUY

   TRY    HSBC Bank    2,014,000    3/12/10      1,374,087      1,336,737      (37,350

BUY

   TWD    JPMorgan Chase Bank    43,109,000    2/12/10      1,363,346      1,350,793      (12,553
                          
                     $ (1,022,675
                          

Futures Contracts Outstanding at 1/31/10

 

Description

   Currency    Contracts    Value    Expiration
Date
   Unrealized
Appreciation
(Depreciation)

Asset Derivatives

              

Interest Rate Futures

              

U.S. Treasury Note 10 yr (Short)

   USD    477    $ 56,360,531    Mar-10    $ 78,109

At January 31, 2010, the fund had sufficient cash and/or other liquid securities to cover any commitments under these derivative contracts.

 

18


MFS Multimarket Income Trust

Supplemental Information (Unaudited) 1/31/10 - continued

(4) Transactions in Underlying 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 affiliated issuers:

 

Underlying Funds

   Beginning
Shares/Par
Amount
   Acquisitions
Shares/Par
Amount
   Dispositions
Shares/Par
Amount
    Ending
Shares/Par
Amount

MFS Institutional Money Market Portfolio

     15,196,961      64,738,448      (54,204,584     25,730,825

Underlying Funds

   Realized
Gain

(Loss)
   Capital Gain
Distributions
   Dividend
Income
    Ending
Value

MFS Institutional Money Market Portfolio

   $ —      $ —      $ 7,682      $ 25,730,825

(5) Country Weightings

Country weighting percentages of portfolio holdings based on net assets as of January 31, 2010, are as follows:

 

United States

   61.5

Brazil

   3.6

Indonesia

   2.9

Japan

   2.9

Russia

   2.3

Mexico

   2.2

United Kingdom

   2.0

Canada

   1.7

Qatar

   1.6

Other Countries

   19.3

 

19


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 MULTIMARKET INCOME TRUST

 

By (Signature and Title)*   MARIA F. DWYER
  Maria F. Dwyer, President

Date: March 22, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)*   MARIA F. DWYER
 

Maria F. Dwyer, President

(Principal Executive Officer)

Date: March 22, 2010

 

By (Signature and Title)*   JOHN M. CORCORAN
 

John M. Corcoran, Treasurer

(Principal Financial Officer and Accounting Officer)

Date: March 22, 2010

 

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