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: July 31, 2010


ITEM 1. SCHEDULE OF INVESTMENTS.


LOGO


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10

 

Issuer

   Shares/Par    Value ($)

Bonds – 111.6%

     

Aerospace – 0.8%

     

BE Aerospace, Inc., 8.5%, 2018

   $ 1,135,000    $ 1,234,275

Bombardier, Inc., 7.5%, 2018 (n)

     1,285,000      1,365,313

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

     210,000      196,875

Hawker Beechcraft Acquisition Co. LLC, 8.5%, 2015

     1,220,000      982,100

Oshkosh Corp., 8.25%, 2017

     370,000      386,650

Oshkosh Corp., 8.5%, 2020

     435,000      455,663
         
      $ 4,620,876
         

Airlines – 0.4%

     

American Airlines Pass-Through Trust, 7.377%, 2019

   $ 617,956    $ 525,263

Continental Airlines, Inc., 7.339%, 2014

     673,541      665,121

Continental Airlines, Inc., 7.25%, 2019

     195,000      207,675

Delta Air Lines, Inc., 7.711%, 2011

     415,000      424,836

GOL Finance LLP, 9.25%, 2020 (z)

     569,000      576,113
         
      $ 2,399,008
         

Apparel Manufacturers – 0.3%

     

Hanesbrands, Inc., 8%, 2016

   $ 820,000    $ 857,925

Phillips-Van Heusen Corp., 7.375%, 2020

     605,000      630,713
         
      $ 1,488,638
         

Asset-Backed & Securitized – 6.2%

     

ARCap REIT, Inc., CDO, “H”, 6.074%, 2045 (d)(z)

   $ 2,000,000    $ 130,000

Banc of America Commercial Mortgage, Inc., FRN, 5.842%, 2051

     2,000,000      2,085,618

Bayview Financial Acquisition Trust, FRN, 5.483%, 2041

     1,105,428      1,085,186

Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.925%, 2040 (z)

     3,072,035      1,293,941

Citigroup Commercial Mortgage Trust, FRN, 5.698%, 2049

     390,311      83,142

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

     1,160,000      991,688

Crest Ltd., CDO, 7%, 2040

     2,035,000      101,750

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

     1,269,869      1,316,751

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

     1,926,267      1,973,207

Falcon Franchise Loan LLC, FRN, 3.277%, 2025 (i)(z)

     5,265,214      424,903

First Union National Bank Commercial Mortgage Trust, FRN, 0.884%, 2043 (i)(n)

     22,047,134      66,371

First Union-Lehman Brothers Bank of America, FRN, 0.427%, 2035 (i)

     18,079,987      335,514

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

     1,070,464      1,125,468

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

     2,542,000      2,491,825

GMAC LLC, FRN, 7.635%, 2034 (n)

     1,853,000      1,701,414

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

     1,590,000      1,681,512

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

     2,130,000      2,133,426

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

     1,590,000      1,671,327

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.873%, 2045

     1,590,000      1,730,392

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 5.817%, 2049

     2,000,000      2,026,314

JPMorgan Chase Commercial Mortgage Securities Corp., FRN, 6.061%, 2051

     270,000      79,270

Lehman Brothers Commercial Conduit Mortgage Trust, FRN, 0.875%, 2030 (i)

     4,007,820      103,846

Merrill Lynch Mortgage Trust, FRN, 5.826%, 2050

     270,000      84,200

Morgan Stanley Capital I, Inc., FRN, 1.242%, 2039 (i)(z)

     12,521,489      413,209

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

     2,490,000      2,487,587

Prudential Securities Secured Financing Corp., FRN, 7.274%, 2013 (z)

     2,581,000      2,499,391

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

     776,148      759,161

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

     1,375,626      1,488,315

Wachovia Bank Commercial Mortgage Trust, FRN, 5.693%, 2047

     1,496,845      311,507

Wachovia Bank Commercial Mortgage Trust, FRN, 5.753%, 2047

     229,557      41,490

Wachovia Bank Commercial Mortgage Trust, FRN, 5.902%, 2051

     2,000,000      2,012,350
         
      $ 34,730,075
         

Automotive – 2.1%

     

Accuride Corp., 9.5%, 2018 (z)

   $ 420,000    $ 428,400

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

     1,830,000      1,967,250

 

1


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Automotive – continued

     

Ford Motor Credit Co. LLC, 12%, 2015

   $ 5,631,000    $ 6,702,073

General Motors Corp., 7.125%, 2013 (d)

     1,290,000      430,538

Goodyear Tire & Rubber Co., 9%, 2015

     2,045,000      2,137,025

Goodyear Tire & Rubber Co., 10.5%, 2016

     245,000      274,400
         
      $ 11,939,686
         

Basic Industry – 0.2%

     

TriMas Corp., 9.75%, 2017 (n)

   $ 1,045,000    $ 1,067,206
         

Broadcasting – 2.3%

     

Allbritton Communications Co., 8%, 2018 (n)

   $ 595,000    $ 593,513

Entravision Communications Corp., 8.75%, 2017 (z)

     300,000      303,000

Gray Television, Inc., 10.5%, 2015 (n)

     405,000      400,950

Inmarsat Finance PLC, 7.375%, 2017 (n)

     1,160,000      1,189,000

Intelsat Jackson Holdings Ltd., 9.5%, 2016

     4,430,000      4,729,025

Lamar Media Corp., 6.625%, 2015

     340,000      338,300

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

     706,151      601,209

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

     862,380      669,991

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

     533,664      464,147

Nexstar Broadcasting Group, Inc., 7%, 2014

     175,000      161,875

Salem Communications Corp., 9.625%, 2016

     344,000      362,920

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

     570,000      595,650

SIRIUS XM Radio, Inc., 8.75%, 2015 (n)

     1,010,000      1,040,300

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

     490,000      537,775

Univision Communications, Inc., 9.75%, 2015 (n)(p)

     1,039,895      897,646

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

     215,000      0
         
      $ 12,885,301
         

Brokerage & Asset Managers – 0.7%

     

E*TRADE Financial Corp., 7.875%, 2015

   $ 690,000    $ 658,950

E*TRADE Financial Corp., 12.5%, 2017

     205,000      230,625

Janus Capital Group, Inc., 6.95%, 2017

     2,555,000      2,622,968

Nuveen Investments, Inc., 10.5%, 2015

     335,000      329,138
         
      $ 3,841,681
         

Building – 1.4%

     

Building Materials Holding Corp., 7%, 2020 (n)

   $ 470,000    $ 473,525

CEMEX Finance Europe B.V., 9.625%, 2017 (n)

   EUR 660,000      817,996

CEMEX Finance LLC, 9.5%, 2016 (n)

   $ 2,682,000      2,608,245

Masco Corp., 7.125%, 2020

     505,000      514,251

Nortek, Inc., 11%, 2013

     1,917,644      2,047,085

Owens Corning, 9%, 2019

     735,000      873,083

Ply Gem Industries, Inc., 11.75%, 2013

     585,000      621,563
         
      $ 7,955,748
         

Business Services – 1.4%

     

First Data Corp., 9.875%, 2015

   $ 2,950,000    $ 2,374,750

Interactive Data Corp., 10.25%, 2018 (z)

     375,000      388,125

Iron Mountain, Inc., 6.625%, 2016

     1,250,000      1,253,125

Iron Mountain, Inc., 8.375%, 2021

     420,000      446,250

SunGard Data Systems, Inc., 9.125%, 2013

     1,510,000      1,543,975

SunGard Data Systems, Inc., 10.25%, 2015

     1,020,000      1,071,000

Terremark Worldwide, Inc., 12%, 2017

     705,000      803,700
         
      $ 7,880,925
         

Cable TV – 4.7%

     

Cablevision Systems Corp., 8.625%, 2017 (n)

   $ 630,000    $ 676,463

CCH II LLC, 13.5%, 2016

     745,000      884,688

Charter Communications Holding Co. LLC, 7.875%, 2018 (n)

     300,000      314,250

Charter Communications Holding Co. LLC, 8.125%, 2020 (n)

     675,000      713,813

 

2


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Cable TV – continued

     

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

   $ 995,000    $ 1,114,400

Cox Communications, Inc., 4.625%, 2013

     1,744,000      1,875,304

CSC Holdings LLC, 8.5%, 2014

     1,325,000      1,431,000

CSC Holdings LLC, 8.5%, 2015

     2,515,000      2,706,769

DIRECTV Holdings LLC, 5.2%, 2020

     3,340,000      3,545,587

EchoStar Corp., 7.125%, 2016

     1,765,000      1,813,538

Insight Communications Co., Inc., 9.375%, 2018 (z)

     700,000      740,250

Mediacom LLC, 9.125%, 2019

     1,325,000      1,344,875

Myriad International Holdings B.V., 6.375%, 2017 (z)

     1,181,000      1,213,478

TCI Communications, Inc., 9.8%, 2012

     1,135,000      1,271,388

Time Warner Cable, Inc., 5%, 2020

     2,630,000      2,756,137

Videotron LTEE, 6.875%, 2014

     1,520,000      1,546,600

Virgin Media Finance PLC, 9.125%, 2016

     1,720,000      1,849,000

Virgin Media Finance PLC, 9.5%, 2016

     680,000      765,000
         
      $ 26,562,540
         

Chemicals – 2.6%

     

Ashland, Inc., 9.125%, 2017

   $ 2,490,000    $ 2,829,263

Braskem S.A., 7%, 2020 (z)

     1,357,000      1,370,570

Dow Chemical Co., 8.55%, 2019

     1,500,000      1,873,310

Hexion Specialty Chemicals, Inc., 9.75%, 2014

     830,000      826,888

Hexion U.S. Finance Corp., 8.875%, 2018

     1,100,000      1,060,125

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

   EUR 101,000      139,515

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

   $ 1,276,000      1,129,260

Lyondell Chemical Co., 11%, 2018

     637,686      686,310

Momentive Performance Materials, Inc., 12.5%, 2014

     1,438,000      1,627,986

Momentive Performance Materials, Inc., 11.5%, 2016

     594,000      552,420

Mosaic Co., 7.625%, 2016 (n)

     695,000      751,080

Sociedad Quimica y Minera de Chile S.A., 5.5%, 2020 (n)

     568,000      582,692

Solutia, Inc., 7.875%, 2020

     1,175,000      1,238,156
         
      $ 14,667,575
         

Computer Software – 0.4%

     

Seagate Technology HDD Holdings, 6.375%, 2011

   $ 1,967,000    $ 2,038,304
         

Computer Software - Systems – 0.3%

     

Dupont Fabros Technology, Inc., 8.5%, 2017

   $ 1,785,000    $ 1,898,794
         

Conglomerates – 0.4%

     

Actuant Corp., 6.875%, 2017

   $ 1,495,000    $ 1,502,475

Amsted Industries, Inc., 8.125%, 2018 (z)

     530,000      543,250
         
      $ 2,045,725
         

Construction – 0.2%

     

Corporacion GEO S.A.B. de C.V., 8.875%, 2014 (n)

   $ 477,000    $ 510,390

Corporacion GEO S.A.B. de C.V., 9.25%, 2020 (z)

     377,000      408,103
         
      $ 918,493
         

Consumer Products – 1.1%

     

ACCO Brands Corp., 10.625%, 2015

   $ 140,000    $ 155,400

ACCO Brands Corp., 7.625%, 2015

     435,000      417,600

Central Garden & Pet Co., 8.25%, 2018

     765,000      776,475

Easton-Bell Sports, Inc., 9.75%, 2016

     490,000      515,725

Fortune Brands, Inc., 5.125%, 2011

     1,179,000      1,199,117

Jarden Corp., 7.5%, 2017

     1,440,000      1,479,600

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

     740,000      788,100

Visant Holding Corp., 8.75%, 2013

     670,000      683,400
         
      $ 6,015,417
         

 

3


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Consumer Services – 1.5%

     

KAR Holdings, Inc., 10%, 2015

   $ 1,700,000    $ 1,768,000

KAR Holdings, Inc., FRN, 4.465%, 2014

     1,135,000      1,069,738

Service Corp. International, 7.375%, 2014

     500,000      521,250

Service Corp. International, 7%, 2017

     3,300,000      3,349,500

Ticketmaster Entertainment, Inc., 10.75%, 2016

     1,890,000      2,003,400
         
      $ 8,711,888
         

Containers – 1.0%

     

Crown Americas LLC, 7.75%, 2015

   $ 1,215,000    $ 1,275,750

Graham Packaging Holdings Co., 9.875%, 2014

     1,625,000      1,685,938

Greif, Inc., 6.75%, 2017

     1,515,000      1,552,875

Owens-Illinois, Inc., 7.375%, 2016

     550,000      589,875

Reynolds Group, 7.75%, 2016 (n)

     470,000      491,150
         
      $ 5,595,588
         

Defense Electronics – 0.7%

     

L-3 Communications Corp., 6.375%, 2015

   $ 2,790,000    $ 2,859,750

ManTech International Corp., 7.25%, 2018 (n)

     610,000      622,200

MOOG, Inc., 7.25%, 2018

     270,000      272,025
         
      $ 3,753,975
         

Electronics – 0.7%

     

Freescale Semiconductor, Inc., 8.875%, 2014

   $ 865,000    $ 834,725

Freescale Semiconductor, Inc., 10.125%, 2018 (n)

     500,000      532,500

Freescale Semiconductor, Inc., 9.25%, 2018 (n)

     710,000      733,075

Jabil Circuit, Inc., 7.75%, 2016

     1,345,000      1,445,875

NXP B.V., 7.875%, 2014

     445,000      448,338

NXP B.V., 9.75%, 2018 (z)

     107,000      112,618
         
      $ 4,107,131
         

Emerging Market Quasi-Sovereign – 7.6%

     

Banco do Brasil (Cayman Branch), FRN, 8.5%, 2049

   $ 738,000    $ 842,243

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

     607,000      679,081

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

     277,000      288,773

Citic Resources Holdings Ltd., 6.75%, 2014

     1,078,000      1,080,695

Ecopetrol S.A., 7.625%, 2019

     821,000      960,570

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

     1,540,000      1,732,500

KazMunaiGaz Finance B.V., 8.375%, 2013

     1,078,000      1,190,543

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

     2,793,000      3,522,671

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

     713,000      863,300

KazMunaiGaz Finance B.V., 7%, 2020 (n)

     497,000      535,518

Majapahit Holding B.V., 7.25%, 2017

     1,425,000      1,592,438

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

     1,469,000      1,641,608

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

     1,197,000      1,394,505

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

     1,741,000      2,015,208

OAO Gazprom, 6.212%, 2016

     1,886,000      1,956,914

Pemex Project Funding Master Trust, 5.75%, 2018

     1,341,000      1,421,314

Petrobras International Finance Co., 7.875%, 2019

     1,583,000      1,907,241

Petroleos Mexicanos, 8%, 2019

     1,382,000      1,672,220

Petroleos Mexicanos, 6%, 2020 (n)

     1,610,000      1,718,675

Petroleos Mexicanos, 5.5%, 2021 (z)

     994,000      1,022,826

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

     476,000      558,110

Petroleum Co. of Trinidad & Tobago Ltd., 6%, 2022

     870,000      843,900

Qatari Diar Finance Q.S.C., 5%, 2020 (z)

     1,529,000      1,541,232

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

     974,000      1,146,465

Qtel International Finance Ltd., 7.875%, 2019

     112,000      131,832

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

     2,008,000      2,238,920

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

     2,459,000      2,858,814

 

4


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Emerging Market Quasi-Sovereign – continued

     

State Bank of India, 4.5%, 2015 (z)

   $ 1,197,000    $ 1,213,040

VEB Finance Ltd., 6.902%, 2020 (z)

     1,384,000      1,462,196

VTB Capital S.A., 6.465%, 2015 (n)

     1,445,000      1,486,616

Waha Aerospace B.V., 3.925%, 2020 (z)

     1,457,000      1,461,954
         
      $ 42,981,922
         

Emerging Market Sovereign – 8.6%

     

Dominican Republic, 7.5%, 2021 (n)

   $ 453,000    $ 476,783

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

     1,888,000      722,160

Republic of Argentina, FRN, 0.389%, 2012

     1,953,150      1,789,065

Republic of Argentina, FRN, 8.28%, 2033

     3,953,412      3,063,894

Republic of Colombia, 7.375%, 2019

     716,000      875,310

Republic of Colombia, 8.125%, 2024

     679,000      872,515

Republic of Colombia, 7.375%, 2037

     946,000      1,177,770

Republic of Indonesia, 0%, 2010

   IDR 12,701,000,000      1,417,081

Republic of Indonesia, 6.875%, 2018

   $ 1,676,000      1,960,920

Republic of Indonesia, 6.875%, 2018 (n)

     516,000      603,720

Republic of Indonesia, 11.625%, 2019

     733,000      1,103,165

Republic of Indonesia, 11.625%, 2019 (n)

     872,000      1,312,360

Republic of Indonesia, 5.875%, 2020 (n)

     684,000      755,820

Republic of Indonesia, 7.75%, 2038 (n)

     1,559,000      1,991,623

Republic of Panama, 8.875%, 2027

     1,273,000      1,772,653

Republic of Panama, 9.375%, 2029

     1,746,000      2,527,335

Republic of Panama, 6.7%, 2036

     265,000      310,050

Republic of Peru, 7.35%, 2025

     544,000      680,000

Republic of Peru, 8.75%, 2033

     2,935,000      4,182,375

Republic of Philippines, 9.375%, 2017

     1,576,000      2,056,680

Republic of Philippines, 6.5%, 2020

     1,686,000      1,949,522

Republic of Philippines, 6.375%, 2034

     2,181,000      2,399,100

Republic of Serbia, 6.75%, 2024

     793,633      769,824

Republic of South Africa, 5.5%, 2020

     999,000      1,068,930

Republic of Turkey, 7%, 2019

     1,953,000      2,245,950

Republic of Turkey, 5.625%, 2021

     670,000      691,775

Republic of Venezuela, 5.75%, 2016

     3,742,000      2,563,270

Republic of Venezuela, 7.65%, 2025

     1,345,000      820,450

Republic of Vietnam, 6.75%, 2020

     808,000      888,800

Russian Federation, 7.5%, 2030

     2,071,840      2,402,713

Ukraine Government International, 6.58%, 2016

     1,418,000      1,419,914

United Mexican States, 5.625%, 2017

     1,364,000      1,508,925

United Mexican States, 5.95%, 2019

     268,000      302,572
         
      $ 48,683,024
         

Energy - Independent – 3.8%

     

Anadarko Petroleum Corp., 5.95%, 2016

   $ 625,000    $ 602,946

Anadarko Petroleum Corp., 8.7%, 2019

     180,000      193,737

Anadarko Petroleum Corp., 6.45%, 2036

     270,000      242,792

Anadarko Petroleum Corp., 6.2%, 2040

     590,000      523,970

Chaparral Energy, Inc., 8.875%, 2017

     1,200,000      1,158,000

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

     1,415,000      1,492,825

Newfield Exploration Co., 6.625%, 2014

     435,000      445,875

Newfield Exploration Co., 6.625%, 2016

     845,000      879,856

OPTI Canada, Inc., 8.25%, 2014

     1,510,000      1,311,813

Penn Virginia Corp., 10.375%, 2016

     1,610,000      1,771,000

Petrohawk Energy Corp., 10.5%, 2014

     845,000      942,175

Pioneer Natural Resources Co., 6.875%, 2018

     1,400,000      1,460,985

Pioneer Natural Resources Co., 7.5%, 2020

     1,015,000      1,092,668

Plains Exploration & Production Co., 7%, 2017

     2,225,000      2,199,969

 

5


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Energy - Independent – continued

     

Quicksilver Resources, Inc., 8.25%, 2015

   $ 1,120,000    $ 1,162,000

Quicksilver Resources, Inc., 9.125%, 2019

     875,000      953,750

Range Resources Corp., 8%, 2019

     960,000      1,029,600

Range Resources Corp., 6.75%, 2020

     785,000      787,944

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

     1,470,000      1,470,000

Southwestern Energy Co., 7.5%, 2018

     1,400,000      1,568,000
         
      $ 21,289,905
         

Energy - Integrated – 0.8%

     

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

   $ 2,118,000    $ 2,467,470

CCL Finance Ltd., 9.5%, 2014

     471,000      548,715

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

     1,327,000      1,459,700
         
      $ 4,475,885
         

Entertainment – 0.8%

     

AMC Entertainment, Inc., 11%, 2016

   $ 1,895,000    $ 2,027,650

AMC Entertainment, Inc., 8.75%, 2019

     890,000      934,500

Cinemark USA, Inc., 8.625%, 2019

     1,220,000      1,268,800
         
      $ 4,230,950
         

Financial Institutions – 2.7%

     

CIT Group, Inc., 7%, 2014

   $ 1,090,000    $ 1,060,025

CIT Group, Inc., 7%, 2017

     3,600,000      3,393,000

CIT Group, Inc., 10.25%, 2017

     1,485,000      1,536,975

GMAC, Inc., 6.75%, 2014

     2,730,000      2,716,350

GMAC, Inc., 8%, 2031

     1,853,000      1,808,991

International Lease Finance Corp., 5.875%, 2013

     1,248,000      1,194,960

International Lease Finance Corp., 5.625%, 2013

     1,430,000      1,351,350

International Lease Finance Corp., 8.75%, 2017 (n)

     1,725,000      1,759,500

Nationstar Mortgage LLC, 10.875%, 2015 (z)

     390,000      326,138
         
      $ 15,147,289
         

Food & Beverages – 2.5%

     

Anheuser-Busch InBev S.A., 7.75%, 2019 (n)

   $ 2,000,000    $ 2,490,782

ARAMARK Corp., 8.5%, 2015

     1,495,000      1,545,456

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

     615,000      635,756

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

     1,310,000      1,336,200

Constellation Brands, Inc., 7.25%, 2016

     1,615,000      1,683,638

Del Monte Foods Co., 6.75%, 2015

     1,825,000      1,870,625

Pinnacle Foods Finance LLC, 9.25%, 2015

     1,115,000      1,152,631

Smithfield Foods, Inc., 7.75%, 2017

     615,000      600,394

TreeHouse Foods, Inc., 7.75%, 2018

     945,000      998,156

Tyson Foods, Inc., 7.85%, 2016

     1,520,000      1,677,700
         
      $ 13,991,338
         

Food & Drug Stores – 0.3%

     

CVS Caremark Corp., 6.125%, 2016

   $ 1,300,000    $ 1,502,862
         

Forest & Paper Products – 1.8%

     

Boise, Inc., 8%, 2020

   $ 1,100,000    $ 1,138,500

Buckeye Technologies, Inc., 8.5%, 2013

     507,000      514,605

Cascades, Inc., 7.75%, 2017

     1,025,000      1,066,000

Fibria Overseas Finance Ltd., 7.5%, 2020 (n)

     700,000      728,000

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

     2,395,000      2,493,794

Georgia-Pacific Corp., 8%, 2024

     890,000      970,100

Georgia-Pacific Corp., 7.25%, 2028

     270,000      268,650

Graphic Packaging International Corp., 9.5%, 2013

     696,000      708,180

Grupo Papelero Scribe S.A., 8.875%, 2020 (n)

     262,000      234,490

JSG Funding PLC, 7.75%, 2015

     65,000      65,650

Sappi Papier Holding GmbH, 6.75%, 2012 (z)

     265,000      264,669

 

6


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Forest & Paper Products – continued

     

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

   EUR 600,000    $ 805,347

UPM-Kymmene Corp., 6.125%, 2012

   EUR 100,000      135,683

Votorantim Participacoes S.A., 6.75%, 2021 (n)

   $ 883,000      902,868
         
      $ 10,296,536
         

Gaming & Lodging – 3.1%

     

Ameristar Casinos, Inc., 9.25%, 2014

   $ 920,000    $ 982,100

FelCor Lodging Trust, Inc., 10%, 2014

     340,000      362,100

Firekeepers Development Authority, 13.875%, 2015 (n)

     360,000      421,200

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

     405,000      1,013

Gaylord Entertainment Co., 6.75%, 2014

     1,535,000      1,473,600

GWR Operating Partnership LLP, 10.875%, 2017 (n)

     710,000      718,875

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

     1,500,000      1,620,000

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

     2,000      1,683

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

     490,000      412,213

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

     990,000      1,004,850

Host Hotels & Resorts, Inc., 9%, 2017

     805,000      883,488

MGM Mirage, 10.375%, 2014

     190,000      209,950

MGM Mirage, 11.125%, 2017

     470,000      533,450

MGM Mirage, 11.375%, 2018 (n)

     730,000      689,850

MGM Mirage, 9%, 2020 (n)

     860,000      903,000

Penn National Gaming, Inc., 8.75%, 2019

     1,555,000      1,624,975

Pinnacle Entertainment, Inc., 7.5%, 2015

     720,000      698,400

Royal Caribbean Cruises Ltd., 7%, 2013

     320,000      327,200

Royal Caribbean Cruises Ltd., 11.875%, 2015

     1,190,000      1,404,200

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

     990,000      1,012,275

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

     1,080,000      21,600

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

     325,000      813

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

     1,450,000      1,784

Wyndham Worldwide Corp., 6%, 2016

     1,415,000      1,434,473

Wynn Las Vegas LLC, 7.75%, 2020 (z)

     495,000      501,806
         
      $ 17,244,898
         

Industrial – 0.8%

     

Altra Holdings, Inc., 8.125%, 2016

   $ 595,000    $ 600,206

Aquilex Corp., 11.125%, 2016 (n)

     270,000      278,100

Baldor Electric Co., 8.625%, 2017

     1,760,000      1,865,600

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

     725,000      734,063

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

     720,000      756,000

RBS Global, Inc. & Rexnord LLC, 8.5%, 2018 (n)

     480,000      484,800
         
      $ 4,718,769
         

Insurance – 2.0%

     

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

   $ 2,384,000    $ 2,336,320

Allianz AG, 5.5% to 2014, FRN to 2049

   EUR 140,000      178,792

American International Group, Inc., 8.175%, to 2038, FRN to 2058

   $ 1,825,000      1,578,625

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

     4,595,000      3,744,925

MetLife, Inc., 9.25% to 2038, FRN to 2068 (n)

     1,500,000      1,695,000

Unum Group, 7.125%, 2016

     1,829,000      2,012,571
         
      $ 11,546,233
         

Insurance - Property & Casualty – 1.1%

     

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

   $ 1,615,000    $ 1,768,425

USI Holdings Corp., FRN, 4.251%, 2014 (n)

     1,495,000      1,255,800

XL Group PLC, FRN, 6.5%, 2049

     775,000      589,000

ZFS Finance USA Trust II, 6.45% to 2016, FRN to 2065 (n)

     2,310,000      2,102,100

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

     146,000      129,922

 

7


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Insurance - Property & Casualty – continued

     

ZFS Finance USA Trust V, 6.5% to 2017, FRN to 2037 (n)

   $ 680,000    $ 618,800
         
      $ 6,464,047
         

International Market Quasi-Sovereign – 0.8%

     

Bank of Ireland, 2.75%, 2012 (n)

   $ 1,520,000    $ 1,512,914

Canada Housing Trust, 4.6%, 2011 (n)

   CAD 294,000      296,534

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

   $ 2,500,000      2,504,325
         
      $ 4,313,773
         

International Market Sovereign – 6.4%

     

Federal Republic of Germany, 3.75%, 2015

   EUR 1,265,000    $ 1,800,641

Federal Republic of Germany, 6.25%, 2030

   EUR 489,000      903,422

Government of Canada, 4.5%, 2015

   CAD 531,000      568,726

Government of Canada, 5.75%, 2033

   CAD 96,000      122,393

Government of Japan, 1.5%, 2012

   JPY 318,000,000      3,773,921

Government of Japan, 1.3%, 2014

   JPY 131,000,000      1,580,232

Government of Japan, 1.7%, 2017

   JPY 372,600,000      4,636,646

Government of Japan, 2.2%, 2027

   JPY 358,200,000      4,493,900

Kingdom of Belgium, 5.5%, 2017

   EUR 218,000      332,723

Kingdom of Spain, 4.6%, 2019

   EUR 379,000      513,641

Kingdom of Sweden, 4.5%, 2015

   SEK 1,965,000      301,269

Kingdom of the Netherlands, 3.75%, 2014

   EUR 770,000      1,089,129

Kingdom of the Netherlands, 5.5%, 2028

   EUR 262,000      437,834

Republic of Austria, 4.65%, 2018

   EUR 774,000      1,141,204

Republic of Finland, 3.875%, 2017

   EUR 531,000      757,447

Republic of France, 4.75%, 2012

   EUR 406,000      572,331

Republic of France, 4.75%, 2035

   EUR 789,000      1,215,624

Republic of Ireland, 4.6%, 2016

   EUR 939,000      1,251,998

Republic of Italy, 4.75%, 2013

   EUR 3,231,000      4,484,750

Republic of Italy, 5.25%, 2017

   EUR 1,903,000      2,779,715

United Kingdom Treasury, 8%, 2015

   GBP 943,000      1,906,559

United Kingdom Treasury, 8%, 2021

   GBP 304,000      675,997

United Kingdom Treasury, 4.25%, 2036

   GBP 432,000      674,212
         
      $ 36,014,314
         

Machinery & Tools – 0.6%

     

Case Corp., 7.25%, 2016

   $ 1,065,000    $ 1,112,925

Case New Holland, Inc., 7.875%, 2017 (n)

     1,275,000      1,335,563

Rental Service Corp., 9.5%, 2014

     865,000      888,788
         
      $ 3,337,276
         

Major Banks – 2.9%

     

Bank of America Corp., 5.65%, 2018

   $ 2,000,000    $ 2,093,648

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

     3,040,000      3,059,365

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

     2,099,000      1,826,130

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

   EUR 100,000      130,315

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

   $ 1,500,000      1,630,314

Goldman Sachs Group, Inc., 7.5%, 2019

     2,000,000      2,323,842

JPMorgan Chase Capital XXII, 6.45%, 2037

     324,000      316,873

JPMorgan Chase Capital XXVII, 7%, 2039

     85,000      87,984

Morgan Stanley, 6.625%, 2018

     2,000,000      2,175,138

National Westminster Bank PLC, FRN, 2.932%, 2049

   EUR 330,000      335,431

Royal Bank of Scotland Group PLC, 6.99% to 2017, FRN to 2049 (n)

   $ 435,000      295,800

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

     1,545,000      1,293,938

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

     990,000      992,941
         
      $ 16,561,719
         

Medical & Health Technology & Services – 5.2%

     

Biomet, Inc., 10%, 2017

   $ 560,000    $ 620,200

 

8


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Medical & Health Technology & Services – continued

     

Biomet, Inc., 11.625%, 2017

   $ 925,000    $ 1,037,156

Capella Healthcare, Inc., 9.25%, 2017 (n)

     250,000      261,250

Community Health Systems, Inc., 8.875%, 2015

     2,955,000      3,095,363

Cooper Cos., Inc., 7.125%, 2015

     1,020,000      1,016,175

Dasa Finance Corp., 8.75%, 2018

     800,000      868,000

DaVita, Inc., 6.625%, 2013

     154,000      156,118

DaVita, Inc., 7.25%, 2015

     1,356,000      1,391,595

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

     875,000      980,000

HCA, Inc., 8.75%, 2010

     1,220,000      1,223,660

HCA, Inc., 9.25%, 2016

     4,555,000      4,919,400

HCA, Inc., 8.5%, 2019

     765,000      845,325

HealthSouth Corp., 8.125%, 2020

     2,200,000      2,233,000

Owens & Minor, Inc., 6.35%, 2016

     1,420,000      1,442,341

Psychiatric Solutions, Inc., 7.75%, 2015

     410,000      423,325

Psychiatric Solutions, Inc., 7.75%, 2015

     440,000      454,850

Tenet Healthcare Corp., 9.25%, 2015

     1,560,000      1,649,700

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

     1,090,000      1,130,875

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

     560,000      574,000

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

     650,000      669,500

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

     1,640,000      1,660,500

Vanguard Health Systems, Inc., 8%, 2018

     965,000      965,000

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

     1,415,000      1,460,988
         
      $ 29,078,321
         

Metals & Mining – 3.1%

     

Arch Western Finance LLC, 6.75%, 2013

   $ 1,410,000    $ 1,417,050

Berau Capital Resources, 12.5%, 2015 (z)

     235,000      247,808

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

     855,000      893,475

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

     895,000      939,750

CONSOL Energy, Inc., 8%, 2017 (n)

     755,000      802,188

CONSOL Energy, Inc., 8.25%, 2020 (n)

     505,000      542,875

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

     960,000      1,094,400

International Steel Group, Inc., 6.5%, 2014

     1,300,000      1,433,511

Metinvest B.V., 10.25%, 2015 (n)

     402,000      415,065

Peabody Energy Corp., 5.875%, 2016

     1,420,000      1,437,750

Rearden G Holdings Eins GmbH, 7.875%, 2020 (n)

     213,000      219,390

Southern Copper Corp., 5.375%, 2020

     220,000      226,314

Southern Copper Corp., 7.5%, 2035

     2,746,000      3,095,115

Southern Copper Corp., 6.75%, 2040

     744,000      781,601

Teck Resources Ltd., 9.75%, 2014

     985,000      1,197,348

Teck Resources Ltd., 10.25%, 2016

     745,000      901,450

Teck Resources Ltd., 10.75%, 2019

     750,000      936,600

U.S. Steel Corp., 7.375%, 2020

     760,000      761,900
         
      $ 17,343,590
         

Natural Gas - Distribution – 0.6%

     

AmeriGas Partners LP, 7.25%, 2015

   $ 1,830,000    $ 1,889,475

Ferrellgas Partners LP, 8.625%, 2020

     895,000      935,275

Inergy LP, 6.875%, 2014

     650,000      653,250
         
      $ 3,478,000
         

Natural Gas - Pipeline – 1.9%

     

Atlas Pipeline Partners LP, 8.125%, 2015

   $ 1,150,000    $ 1,141,375

Atlas Pipeline Partners LP, 8.75%, 2018

     375,000      373,125

CenterPoint Energy, Inc., 7.875%, 2013

     1,250,000      1,441,790

Crosstex Energy, Inc., 8.875%, 2018

     1,030,000      1,076,350

El Paso Corp., 8.25%, 2016

     925,000      1,005,938

El Paso Corp., 7%, 2017

     1,770,000      1,852,326

 

9


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Natural Gas - Pipeline – continued

     

El Paso Corp., 7.75%, 2032

   $ 749,000    $ 750,739

Enterprise Products Partners LP, FRN, 8.375%, 2066

     527,000      536,881

Enterprise Products Partners LP, FRN, 7.034%, 2068

     340,000      324,700

Kinder Morgan Energy Partners LP, 5.125%, 2014

     1,147,000      1,253,825

MarkWest Energy Partners LP, 6.875%, 2014

     925,000      927,313

MarkWest Energy Partners LP, 8.75%, 2018

     220,000      236,775
         
      $ 10,921,137
         

Network & Telecom – 3.5%

     

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

   $ 1,530,000    $ 1,384,650

BellSouth Corp., 6.55%, 2034

     3,213,000      3,599,553

Cincinnati Bell, Inc., 8.25%, 2017

     1,350,000      1,336,500

Cincinnati Bell, Inc., 8.75%, 2018

     1,220,000      1,192,550

Citizens Communications Co., 9%, 2031

     1,230,000      1,260,750

New Communications Holdings, Inc., 8.25%, 2017 (n)

     290,000      309,575

New Communications Holdings, Inc., 8.5%, 2020 (n)

     935,000      998,113

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

     1,395,000      1,468,238

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

     1,480,000      1,576,200

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

     950,000      983,250

Qwest Corp., 8.375%, 2016

     457,000      519,838

Telefonica Emisiones S.A.U., 2.582%, 2013

     1,050,000      1,059,849

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

     875,000      1,082,813

Windstream Corp., 8.625%, 2016

     2,445,000      2,548,913

Windstream Corp., 8.125%, 2018 (z)

     220,000      223,025
         
      $ 19,543,817
         

Oil Services – 0.6%

     

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

   $ 665,000    $ 573,563

Basic Energy Services, Inc., 7.125%, 2016

     335,000      303,175

Edgen Murray Corp., 12.25%, 2015 (n)

     360,000      301,500

Expro Finance Luxembourg, 8.5%, 2016 (n)

     620,000      605,275

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

     1,095,000      1,078,575

Pioneer Drilling Co., 9.875%, 2018 (n)

     790,000      793,950
         
      $ 3,656,038
         

Oils – 0.1%

     

Petroplus Holdings AG, 9.375%, 2019 (n)

   $ 650,000    $ 585,000
         

Other Banks & Diversified Financials – 3.6%

     

Banco Internacional del Peru, 8.5%, to 2020, FRN to 2070 (n)

   $ 249,000    $ 259,458

Banco PanAmericano S.A., 8.5%, 2020 (n)

     665,000      704,900

Banco Votorantim S.A., 7.375%, 2020 (n)

     2,292,000      2,377,950

Bank of China (Hong Kong) Ltd., 5.55%, 2020 (n)

     1,957,000      2,021,695

Bank of Moscow Capital PLC, 6.699%, 2015 (n)

     2,483,000      2,501,623

Bosphorus Financial Services Ltd., FRN, 2.235%, 2012

     875,000      857,573

Capital One Financial Corp., 10.25%, 2039

     1,110,000      1,201,575

Citigroup Capital XXI, FRN, 8.3%, 2057

     1,655,000      1,704,650

Citigroup, Inc., 6.125%, 2018

     1,500,000      1,604,778

Financiera Independencia, 10%, 2015 (n)

     394,000      382,180

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

     2,583,000      2,831,898

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

     1,040,000      930,800

Santander UK PLC, 8.963% to 2030, FRN to 2049

     1,200,000      1,236,000

UBS AG, 4.875%, 2020

     260,000      262,133

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

     1,510,000      1,529,218
         
      $ 20,406,431
         

Pollution Control – 0.1%

     

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

   $ 625,000    $ 675,000
         

 

10


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Printing & Publishing – 0.6%

     

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

   $ 31,123    $ 31,037

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

     341,130      217,385

McClatchy Co., 11.5%, 2017 (n)

     505,000      532,775

Nielsen Finance LLC, 10%, 2014

     1,835,000      1,912,988

Nielsen Finance LLC, 11.5%, 2016

     725,000      813,813
         
      $ 3,507,998
         

Railroad & Shipping – 0.3%

     

Kansas City Southern Railway, 8%, 2015

   $ 1,580,000    $ 1,684,675
         

Real Estate – 0.8%

     

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

   $ 365,000    $ 413,363

Country Garden Holdings Co. Ltd., 11.25%, 2017 (n)

     193,000      193,965

Entertainment Properties Trust, REIT, 7.75%, 2020 (z)

     745,000      729,169

Simon Property Group, Inc., REIT, 10.35%, 2019

     2,200,000      2,981,546
         
      $ 4,318,043
         

Retailers – 2.2%

     

Couche-Tard, Inc., 7.5%, 2013

   $ 715,000    $ 722,150

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

     454,000      525,505

Express Parent LLC, 8.75%, 2018 (n)

     550,000      572,000

Home Depot, Inc., 5.875%, 2036

     846,000      869,516

Limited Brands, Inc., 6.9%, 2017

     630,000      648,900

Limited Brands, Inc., 6.95%, 2033

     360,000      321,300

Macy’s, Inc., 5.75%, 2014

     925,000      950,438

Macy’s, Inc., 5.9%, 2016

     1,080,000      1,107,000

Neiman Marcus Group, Inc., 10.375%, 2015

     1,650,000      1,720,125

QVC, Inc., 7.375%, 2020 (n)

     1,090,000      1,117,250

Sally Beauty Holdings, Inc., 10.5%, 2016

     1,255,000      1,367,950

Toys “R” Us, Inc., 10.75%, 2017

     1,545,000      1,743,919

Toys “R” Us, Inc., 8.5%, 2017 (n)

     660,000      694,650
         
      $ 12,360,703
         

Specialty Stores – 0.2%

     

GSC Holdings Corp., 8%, 2012

   $ 440,000    $ 452,100

Michaels Stores, Inc., 11.375%, 2016

     360,000      386,100

Payless ShoeSource, Inc., 8.25%, 2013

     227,000      230,121
         
      $ 1,068,321
         

Steel – 0.5%

     

CSN Resources S.A., 6.5%, 2020 (z)

   $ 2,778,000    $ 2,805,780
         

Supermarkets – 0.2%

     

Delhaize America, Inc., 9%, 2031

   $ 983,000    $ 1,325,433
         

Supranational – 0.4%

     

Central American Bank, 4.875%, 2012 (n)

   $ 521,000    $ 542,150

Eurasian Development Bank, 7.375%, 2014 (n)

     260,000      277,030

European Investment Bank, 5.125%, 2017

     1,500,000      1,714,455
         
      $ 2,533,635
         

Telecommunications - Wireless – 3.6%

     

Clearwire Corp., 12%, 2015 (n)

   $ 1,925,000    $ 2,011,625

Cricket Communications, Inc., 7.75%, 2016

     735,000      760,725

Crown Castle International Corp., 9%, 2015

     2,330,000      2,551,350

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

     470,000      513,475

Crown Castle International Corp., 7.125%, 2019

     370,000      383,875

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

     420,000      461,583

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

     400,000      454,000

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

     1,140,000      1,165,650

Digicel Group Ltd., 10.5%, 2018 (n)

     880,000      941,600

 

11


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)

Bonds – continued

     

Telecommunications - Wireless – continued

     

Globo Communicacoes e Participacoes S.A., 6.25%, 2049 (z)

   $ 322,000    $ 325,220

Indosat Palapa Co. B.V., 7.375%, 2020 (z)

     251,000      262,295

MetroPCS Wireless, Inc., 9.25%, 2014

     440,000      459,800

MTS International Funding Ltd., 8.625%, 2020 (z)

     388,000      432,310

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

     1,055,000      1,166,830

Nextel Communications, Inc., 6.875%, 2013

     665,000      661,675

NII Capital Corp., 8.875%, 2019

     495,000      524,700

NII Holdings, Inc., 10%, 2016

     820,000      906,100

SBA Communications Corp., 8%, 2016

     340,000      365,500

SBA Communications Corp., 8.25%, 2019

     590,000      646,050

Sprint Capital Corp., 6.875%, 2028

     440,000      382,800

Sprint Nextel Corp., 8.375%, 2017

     1,745,000      1,823,525

Sprint Nextel Corp., 8.75%, 2032

     1,610,000      1,632,138

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

     1,602,000      1,694,115
         
      $ 20,526,941
         

Telephone Services – 0.2%

     

Frontier Communications Corp., 8.125%, 2018

   $ 985,000    $ 1,044,100
         

Tobacco – 0.5%

     

Alliance One International, Inc., 10%, 2016

   $ 735,000    $ 759,806

Reynolds American, Inc., 6.75%, 2017

     2,016,000      2,227,065
         
      $ 2,986,871
         

Transportation - Services – 1.1%

     

American Petroleum Tankers LLC, 10.25%, 2015 (z)

   $ 250,000    $ 250,000

Commercial Barge Line Co., 12.5%, 2017

     1,445,000      1,551,569

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

     878,000      971,606

Hertz Corp., 8.875%, 2014

     2,325,000      2,394,750

Westinghouse Air Brake Technologies Corp., 6.875%, 2013

     795,000      804,938
         
      $ 5,972,863
         

U.S. Treasury Obligations – 2.9%

     

U.S. Treasury Bonds, 5.375%, 2031

   $ 3,386,000    $ 4,160,548

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

     11,029,000      12,092,262
         
      $ 16,252,810
         

Utilities - Electric Power – 3.4%

     

AES Corp., 8%, 2017

   $ 2,810,000    $ 2,982,113

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

     805,000      877,116

Calpine Corp., 8%, 2016 (n)

     940,000      982,300

Calpine Corp., 7.875%, 2020 (z)

     435,000      439,350

CenterPoint Energy, Inc., 6.5%, 2018

     600,000      675,283

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

     997,000      1,043,329

Dynegy Holdings, Inc., 7.5%, 2015

     2,085,000      1,662,788

Dynegy Holdings, Inc., 7.75%, 2019

     770,000      539,000

Edison Mission Energy, 7%, 2017

     2,115,000      1,438,200

Energy Future Holdings Corp., 10%, 2020 (n)

     1,370,000      1,376,850

Mirant North America LLC, 7.375%, 2013

     1,630,000      1,676,863

NRG Energy, Inc., 7.375%, 2016

     1,710,000      1,744,200

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

     1,147,839      1,170,761

Texas Competitive Electric Holdings LLC, 10.25%, 2015

     1,105,000      740,350

Waterford 3 Funding Corp., 8.09%, 2017

     1,516,224      1,582,499
         
      $ 18,931,002
         

Total Bonds

      $ 628,931,823
         

Convertible Bonds – 0.1%

     

Automotive – 0.1%

     

Accuride Corp., 7.5%, 2020

   $ 232,969    $ 571,438
         

 

12


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Issuer

   Shares/Par    Value ($)  

Floating Rate Loans (g)(r) – 1.5%

     

Aerospace – 0.1%

     

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

   $ 464,819    $ 460,461   
           

Automotive – 0.8%

     

Allison Transmission, Inc., Term Loan B, 3.1%, 2014

   $ 732,229    $ 683,871   

Ford Motor Co., Term Loan B, 3.35%, 2013

     3,877,199      3,764,923   
           
      $ 4,448,794   
           

Broadcasting – 0.0%

     

Gray Television, Inc., Term Loan B, 3.85%, 2014

   $ 205,387    $ 192,397   

Local TV Finance LLC, Term Loan B, 2.32%, 2013

     82,760      73,035   
           
      $ 265,432   
           

Consumer Services – 0.1%

     

Realogy Corp., Letter of Credit, 3.37%, 2013

   $ 111,772    $ 97,451   

Realogy Corp., Term Loan, 3.34%, 2013

     415,153      361,962   
           
      $ 459,413   
           

Financial Institutions – 0.0%

     

American General Financial Corp., Term Loan B, 7.25%, 2015

   $ 146,115    $ 144,060   
           

Gaming & Lodging – 0.1%

     

MGM Mirage Inc., 7%, 2014

   $ 644,846    $ 554,478   
           

Utilities - Electric Power – 0.4%

     

Texas Competitive Electric Holdings Co. LLC, Term Loan B-2, 3.97%, 2014 (o)

   $ 1,897,154    $ 1,470,972   

Texas Competitive Electric Holdings Co. LLC, Term Loan B-3, 3.84%, 2014

     1,100,263      848,749   
           
      $ 2,319,721   
           

Total Floating Rate Loans

      $ 8,652,359   
           

Common Stocks – 0.4%

     

Automotive – 0.0%

     

Accuride Corp. (a)

     69,490    $ 82,693   
           

Broadcasting – 0.1%

     

Dex One Corp. (a)

     11,859    $ 214,885   

Supermedia, Inc. (a)

     394      8,309   
           
      $ 223,194   
           

Chemicals – 0.2%

     

LyondellBasell Industries N.V., “A” (a)

     18,958    $ 341,244   

LyondellBasell Industries N.V., “B” (a)

     43,532      783,576   
           
      $ 1,124,820   
           

Construction – 0.1%

     

Nortek, Inc. (a)

     12,082    $ 483,280   
           

Printing & Publishing – 0.0%

     

American Media, Inc. (a)

     5,455    $ 33,385   

Golden Books Family Entertainment, Inc. (a)

     19,975      0   
           
      $ 33,385   
           

Total Common Stocks

      $ 1,947,372   
           

Rights – 0.0%

     

Emerging Market Sovereign – 0.0%

     

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

     1,250,000    $ 0   
           

Put Options Purchased – 0.0%

     

JPY Currency - December 2010 @ $0.01

     JPY541,200,000    $ 3,788   
           

Money Market Funds (v) – 2.7%

     

MFS Institutional Money Market Portfolio, 0.26%, at Net Asset Value

     15,450,772    $ 15,450,772   
           

Total Investments

      $ 655,557,552   
           

Other Assets, Less Liabilities (16.3)%

        (91,869,746
           

Net Assets – 100.0%

      $ 563,687,806   
           

 

(a) Non-income producing security.

 

13


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

(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 fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security.
(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $143,568,619, representing 25.47% 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.
(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.
(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

Accuride Corp., 9.5%, 2018

   7/22/10 - 7/23/10    $ 418,847    $ 428,400

American Media Operations, Inc., 9%, 2013

   1/29/09 - 4/15/10      22,841      31,037

American Media Operations, Inc., 14%, 2013

   1/29/09 - 5/01/10      222,549      217,385

American Petroleum Tankers LLC, 10.25%, 2015

   5/06/10      243,234      250,000

Amsted Industries, Inc., 8.125%, 2018

   7/12/10 - 7/29/10      541,759      543,250

ARCap REIT, Inc., CDO, “H”, 6.074%, 2045

   9/21/04      1,754,376      130,000

Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.925%, 2040

   3/01/06      3,072,035      1,293,941

Berau Capital Resources, 12.5%, 2015

   7/26/10      243,215      247,808

Braskem S.A., 7%, 2020

   7/21/10      1,368,729      1,370,570

CSN Resources S.A., 6.5%, 2020

   7/14/10      2,752,941      2,805,780

Calpine Corp., 7.875%, 2020

   7/20/10      431,291      439,350

Corporacion GEO S.A.B. de C.V., 9.25%, 2020

   6/25/10      371,034      408,103

DLJ Commercial Mortgage Corp., 6.04%, 2031

   7/23/04      1,901,566      1,973,207

Entertainment Properties Trust, REIT, 7.75%, 2020

   6/25/10 - 7/08/10      732,945      729,169

Entravision Communications Corp., 8.75%, 2017

   7/22/10      296,172      303,000

Falcon Franchise Loan LLC, FRN, 3.277%, 2025

   1/29/03      532,254      424,903

GMAC LLC, FRN, 6.02%, 2033

   11/17/00      2,088,003      2,491,825

GOL Finance LLP, 9.25%, 2020

   7/13/10      559,966      576,113

Globo Communicacoes e Participacoes S.A., 6.25%, 2049

   4/14/10      322,000      325,220

Indosat Palapa Co. B.V., 7.375%, 2020

   7/22/10      249,691      262,295

Insight Communications Co., Inc., 9.375%, 2018

   6/30/10      700,000      740,250

Interactive Data Corp., 10.25%, 2018

   7/20/10      379,809      388,125

Local TV Finance LLC, 10%, 2015

   11/09/07 - 5/31/10      685,841      601,209

MTS International Funding Ltd., 8.625%, 2020

   6/15/10      388,000      432,310

Morgan Stanley Capital I, Inc., FRN, 1.242%, 2039

   7/20/04      202,939      413,209

Myriad International Holdings B.V., 6.375%, 2017

   7/22/10      1,181,000      1,213,478

NXP B.V., 9.75%, 2018

   7/13/10      107,000      112,618

Nationstar Mortgage LLC, 10.875%, 2015

   3/23/10      379,682      326,138

PNC Mortgage Acceptance Corp., 7.1%, 2032

   3/25/08      2,490,000      2,487,587

Petroleos Mexicanos, 5.5%, 2021

   7/13/10      984,190      1,022,826

Prudential Securities Secured Financing Corp., FRN, 7.274%, 2013

   12/06/04      2,678,585      2,499,391

Qatari Diar Finance Q.S.C., 5%, 2020

   7/14/10      1,528,527      1,541,232

 

14


MFS Multimarket Income Trust

PORTFOLIO OF INVESTMENTS (unaudited) 7/31/10 - continued

 

Restricted Securities - continued

   Acquisition
Date
   Cost    Current
Market Value
 

Sappi Papier Holding GmbH, 6.75%, 2012

   7/29/10    $ 266,325    $ 264,669   

State Bank of India, 4.5%, 2015

   7/22/10      1,193,513      1,213,040   

System Energy Resources, Inc., 5.129%, 2014

   4/16/04      1,147,839      1,170,761   

VEB Finance Ltd., 6.902%, 2020

   7/01/10      1,384,000      1,462,196   

Waha Aerospace B.V., 3.925%, 2020

   7/21/10      1,457,000      1,461,954   

Windstream Corp., 8.125%, 2018

   7/12/10      218,351      223,025   

Wynn Las Vegas LLC, 7.75%, 2020

   7/21/10      495,000      501,806   
              

Total Restricted Securities

         $ 33,327,180   

% of Net Assets

           5.9

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

 

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

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

 

AUD    Australian Dollar
CAD    Canadian Dollar
CNY    Chinese Yuan Renminbi
EUR    Euro
GBP    British Pound
IDR    Indonesian Rupiah
INR    Indian Rupee
JPY    Japanese Yen
MXN    Mexican Peso
PHP    Philippine Peso
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) 7/31/10

(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. 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. Short-term instruments with a maturity at issuance of 60 days or less generally are valued at amortized cost, which approximates market value. Exchange-traded options are generally valued at the last sale or official closing price as provided by a third-party pricing service on the exchange on which such options are primarily traded. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation as provided by a third-party pricing service on the exchange on which such options are primarily traded. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided by a third-party pricing source. 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. 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, forwards, swap contracts, and written options.

 

16


MFS Multimarket Income Trust

Supplemental Information (Unaudited) 7/31/10 - continued

 

The following is a summary of the levels used as of July 31, 2010 in valuing the fund’s assets or liabilities:

 

Investments at Value

   Level 1     Level 2     Level 3    Total  

Equity Securities

   $ 1,430,707      $ 483,280      $ 33,385    $ 1,947,372   

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

     —          16,252,810        —        16,252,810   

Non-U.S. Sovereign Debt

     —          134,526,668        —        134,526,668   

Corporate Bonds

     —          352,553,334        0      352,553,334   

Residential Mortgage-Backed Securities

     —          1,844,347        —        1,844,347   

Commercial Mortgage-Backed Securities

     —          31,360,037        —        31,360,037   

Asset-Backed Securities (including CDOs)

     —          1,525,691        —        1,525,691   

Foreign Bonds

     —          91,440,374        —        91,440,374   

Floating Rate Loans

     —          8,652,359        —        8,652,359   

Purchased Currency Options

     —          3,788        —        3,788   

Mutual Funds

     15,450,772        —          —        15,450,772   
                               

Total Investments

   $ 16,881,479      $ 638,642,688      $ 33,385    $ 655,557,552   
                               

Other Financial Instruments

                       

Futures

   $ (1,682,349   $ —        $ —      $ (1,682,349

Forward Currency Contracts

     —          (1,743,258     —        (1,743,258

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
   Corporate Bonds     Total

Balance as of 4/30/10

   $ 7,310    $ —        $ 7,310

Accrued discounts/premiums

     —        —          —  

Realized gain (loss)

     —        —          —  

Change in unrealized appreciation (depreciation)

     26,075      (2,150     23,925

Net purchases (sales)

     —        —          —  

Transfers in and/or out of Level 3

     —        2,150        2,150
                     

Balance as of 7/31/10

   $ 33,385    $ 0      $ 33,385
                     

The net change in unrealized appreciation (depreciation) from investments still held as Level 3 at July 31, 2010 is $23,925.

(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

   $ 623,176,054   
        

Gross unrealized appreciation

   $ 49,849,199   

Gross unrealized depreciation

     (17,467,701
        

Net unrealized appreciation (depreciation)

   $ 32,381,498   
        

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

 

17


MFS Multimarket Income Trust

Supplemental Information (Unaudited) 7/31/10 - continued

 

(3) Derivative Contracts at 7/31/10

Forward Foreign Currency Exchange Contracts at 7/31/10

 

Type

  

Currency

  

Counterparty

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

Asset Derivatives

                 

BUY

   AUD    Westpac Banking Corp.    2,000    10/12/10    $ 1,699    $ 1,795    $ 96   

BUY

   CAD    Barclays Bank PLC    1,443,000    08/09/10      1,383,310      1,403,528      20,218   

BUY

   CAD    UBS AG    395,580    08/06/10      378,288      384,773      6,485   

BUY

   CNY    HSBC Bank    18,727,000    09/03/10      2,746,096      2,763,725      17,629   

SELL

   CNY    JPMorgan Chase Bank    18,313,000    09/03/10      2,711,029      2,702,627      8,402   

BUY

   EUR    Goldman Sachs International    170,847    10/12/10      217,358      222,614      5,256   

BUY

   EUR    UBS AG    215,000    09/14/10      264,601      280,167      15,566   

SELL

   GBP    Deutsche Bank AG    1,018,551    10/12/10      1,625,373      1,597,751      27,622   

BUY

   IDR    JPMorgan Chase Bank    25,058,224,000    08/31/10      2,747,612      2,787,329      39,717   

BUY

   INR    HSBC Bank    131,738,000    09/29/10      2,806,519      2,814,180      7,661   

BUY

   JPY    Barclays Bank PLC    216,532,000    10/12/10      2,478,606      2,507,855      29,249   

BUY

   JPY    UBS AG    241,016,000    09/14/10      2,642,314      2,790,688      148,374   

BUY

   MXN    HSBC Bank    35,116,000    08/06/10      2,690,881      2,773,618      82,737   

SELL

   MXN    Goldman Sachs International    33,000    08/03/10      2,612      2,608      4   

BUY

   PHP    Deutsche Bank AG    125,948,000    09/23/10      2,696,959      2,749,965      53,006   

BUY

   SEK    Deutsche Bank AG    18,951,105    10/12/10      2,516,480      2,623,303      106,823   

BUY

   TRY    JPMorgan Chase Bank    4,238,000    08/11/10      2,657,803      2,807,537      149,734   

BUY

   TWD    JPMorgan Chase Bank    86,516,000    09/28/10      2,706,162      2,706,828      666   

BUY

   ZAR    HSBC Bank    20,910,000    08/11/10      2,694,240      2,862,284      168,044   
                          
                     $ 887,289   
                          

Liability Derivatives

                 

BUY

   CNY    Deutsche Bank AG    6,082,000    04/18/11    $ 919,009    $ 902,736    $ (16,273

BUY

   CNY    HSBC Bank    12,127,000    04/18/11      1,831,320      1,799,981      (31,339

SELL

   EUR    HSBC Bank    2,205,834    09/15/10      2,677,000      2,874,421      (197,421

SELL

   EUR    UBS AG    19,949,044    09/15/10      24,063,611      25,995,594      (1,931,983

SELL

   GBP    Barclays Bank PLC    1,018,551    10/12/10      1,545,600      1,597,750      (52,150

SELL

   IDR    JPMorgan Chase Bank    12,523,455,000    10/15/10      1,369,881      1,382,376      (12,495

SELL

   JPY    HSBC Bank    243,232,416    09/15/10      2,751,000      2,816,377      (65,377

SELL

   JPY    JPMorgan Chase Bank    1,262,840,370    10/12/10      14,425,867      14,626,106      (200,239

SELL

   JPY    Merrill Lynch International Bank    179,255,486    10/12/10      2,046,015      2,076,121      (30,106

BUY

   MXN    Goldman Sachs International    33,000    11/03/10      2,587      2,582      (5

BUY

   MXN    Merrill Lynch International Bank    17,090,000    08/03/10      1,384,254      1,350,268      (33,986

SELL

   MXN    HSBC Bank    17,057,000    08/03/10      1,288,488      1,347,661      (59,173
                          
                     $ (2,630,547
                          

Futures Contracts Outstanding at 7/31/10

 

Description

   Currency    Contracts    Value    Expiration Date    Unrealized
Appreciation
(Depreciation)
 

Liability Derivatives

              

Interest Rate Futures

              

U.S. Treasury Note 10 yr (Short)

   USD    477    59,058,563    September - 2010    ($ 1,682,349

At July 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) 7/31/10 - 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      157,306,173      (157,052,362     15,450,772

Underlying Funds

   Realized
Gain
(Loss)
   Capital Gain
Distributions
   Dividend
Income
    Ending
Value

MFS Institutional Money Market Portfolio

   $ —      $ —      $ 27,522      $ 15,450,772

(5) Issuer Country Weightings

Issuer country weighting percentages of portfolio holdings based on net assets, as of July 31, 2010, are as follows:

 

United States

   59.1

Brazil

   3.6

Indonesia

   2.9

Japan

   2.6

Mexico

   2.5

Russia

   2.2

United Kingdom

   2.1

Netherlands

   1.8

Canada

   1.7

Other Countries

   21.5

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

 

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: September 16, 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: September 16, 2010

 

By (Signature and Title)*    JOHN M. CORCORAN
 

John M. Corcoran, Treasurer

(Principal Financial Officer

and Accounting Officer)

Date: September 16, 2010

 

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