N-Q 1 d33030dnq.htm MFS INTERMEDIATE HIGH INCOME FUND N-Q MFS INTERMEDIATE HIGH INCOME FUND 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 811-5567

MFS INTERMEDIATE HIGH INCOME FUND

(Exact name of registrant as specified in charter)

111 Huntington Avenue, Boston, Massachusetts 02199

(Address of principal executive offices) (Zip code)

Kristin V. Collins

Massachusetts Financial Services Company

111 Huntington Avenue

Boston, Massachusetts 02199

(Name and address of agents for service)

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

Date of fiscal year end: November 30

Date of reporting period: August 31, 2015

ITEM 1. SCHEDULE OF INVESTMENTS.

QUARTERLY REPORT

August 31, 2015

 

LOGO

 

MFS® INTERMEDIATE HIGH INCOME FUND

 

LOGO

PORTFOLIO OF INVESTMENTS

8/31/15 (unaudited)

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

 

Issuer    Shares/Par     Value ($)  
Bonds - 126.9%                 
Aerospace - 3.0%                 
Aerojet Rocketdyne Holdings, Inc., 7.125%, 3/15/21    $ 365,000      $ 384,160   
Bombardier, Inc., 7.75%, 3/15/20 (n)      31,000        25,885   
Bombardier, Inc., 6.125%, 1/15/23 (n)      255,000        189,975   
Bombardier, Inc., 7.5%, 3/15/25 (n)      140,000        106,050   
CPI International, Inc., 8.75%, 2/15/18      360,000        362,700   
Huntington Ingalls Industries, Inc., 7.125%, 3/15/21      405,000        428,790   
TransDigm, Inc., 6%, 7/15/22      55,000        54,183   
TransDigm, Inc., 6.5%, 7/15/24      235,000        229,710   
    

 

 

  
             $ 1,781,453   
Apparel Manufacturers - 0.8%                 
Hanesbrands, Inc., 6.375%, 12/15/20    $ 225,000      $ 234,281   
PVH Corp., 4.5%, 12/15/22      260,000        259,350   
    

 

 

  
             $ 493,631   
Asset-Backed & Securitized - 0.1%                 
Citigroup Commercial Mortgage Trust, FRN, 5.899%, 12/10/49    $ 275,000      $ 39,658   
Automotive - 3.5%                 
Accuride Corp., 9.5%, 8/01/18    $ 425,000      $ 431,370   
Goodyear Tire & Rubber Co., 6.5%, 3/01/21      435,000        460,448   
Goodyear Tire & Rubber Co., 7%, 5/15/22      85,000        90,313   
Lear Corp., 4.75%, 1/15/23      250,000        248,120   
Lear Corp., 5.25%, 1/15/25      140,000        139,300   
Schaeffler Finance B.V., 4.75%, 5/15/21 (n)      200,000        196,626   
Schaeffler Holding Finance B.V., 6.25%, 11/15/19 (n)(p)      200,000        210,500   
ZF North America Capital, Inc., 4.5%, 4/29/22 (n)      300,000        290,625   
    

 

 

  
             $ 2,067,302   
Broadcasting - 3.3%                 
AMC Networks, Inc., 7.75%, 7/15/21    $ 271,000      $ 289,290   
Clear Channel Communications, Inc., 9%, 3/01/21      283,000        250,809   
Clear Channel Worldwide Holdings, Inc., “A”, 6.5%, 11/15/22      45,000        45,473   
Clear Channel Worldwide Holdings, Inc., “B”, 6.5%, 11/15/22      205,000        211,765   
Liberty Media Corp., 8.5%, 7/15/29      250,000        255,000   
Liberty Media Corp., 8.25%, 2/01/30      10,000        10,150   
Netflix, Inc., 5.375%, 2/01/21      250,000        258,125   
Netflix, Inc., 5.875%, 2/15/25 (n)      130,000        135,038   
Nexstar Broadcasting, Inc., 6.875%, 11/15/20      290,000        304,500   
Tribune Media Co., 5.875%, 7/15/22 (n)      200,000        201,500   
    

 

 

  
             $ 1,961,650   
Brokerage & Asset Managers - 0.4%                 
E*Trade Financial Corp., 4.625%, 9/15/23    $ 220,000      $ 220,000   
Building - 4.1%                 
Allegion U.S. Holding Co., Inc., 5.75%, 10/01/21    $ 430,000      $ 440,750   
Building Materials Corp. of America, 5.375%, 11/15/24 (n)      340,000        340,000   
Building Materials Holding Corp., 6.75%, 5/01/21 (n)      190,000        198,788   
Gibraltar Industries, Inc., 6.25%, 2/01/21      250,000        252,500   
HD Supply, Inc., 7.5%, 7/15/20      280,000        298,900   
Headwaters, Inc., 7.25%, 1/15/19      150,000        156,000   
Nortek, Inc., 8.5%, 4/15/21      250,000        267,813   

 

1

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Building - continued                 
PriSo Acquisition Corp., 9%, 5/15/23 (n)    $ 200,000      $ 196,000   
Roofing Supply Group LLC/Roofing Supply Finance, Inc., 10%, 6/01/20 (n)      282,000        303,150   
    

 

 

  
             $ 2,453,901   
Business Services - 1.8%                 
Equinix, Inc., 4.875%, 4/01/20    $ 190,000      $ 194,275   
Equinix, Inc., 5.375%, 1/01/22      70,000        70,700   
Equinix, Inc., 5.375%, 4/01/23      200,000        200,500   
Iron Mountain, Inc., 8.375%, 8/15/21      38,000        39,083   
Iron Mountain, Inc., REIT, 6%, 8/15/23      320,000        327,200   
NeuStar, Inc., 4.5%, 1/15/23      285,000        242,250   
    

 

 

  
             $ 1,074,008   
Cable TV - 7.3%                 
Altice Financing S.A., 6.625%, 2/15/23 (n)    $ 480,000      $ 477,600   
CCO Holdings LLC/CCO Holdings Capital Corp., 7.375%, 6/01/20      75,000        78,181   
CCO Holdings LLC/CCO Holdings Capital Corp., 6.5%, 4/30/21      420,000        438,984   
CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/01/23 (n)      185,000        185,000   
CCO Holdings LLC/CCO Holdings Capital Corp., 5.75%, 1/15/24      240,000        244,800   
CCO Holdings LLC/CCO Holdings Capital Corp., 5.375%, 5/01/25 (n)      80,000        77,700   
Cequel Communications Holdings, 6.375%, 9/15/20 (n)      335,000        328,886   
DISH DBS Corp., 7.875%, 9/01/19      70,000        75,873   
DISH DBS Corp., 6.75%, 6/01/21      175,000        175,683   
DISH DBS Corp., 5%, 3/15/23      190,000        167,795   
DISH DBS Corp., 5.875%, 11/15/24      90,000        82,013   
Intelsat Jackson Holdings S.A., 7.25%, 4/01/19      95,000        92,863   
Intelsat Jackson Holdings S.A., 6.625%, 12/15/22      370,000        323,750   
Intelsat Jackson Holdings S.A., 5.5%, 8/01/23      285,000        250,800   
Intelsat Luxembourg S.A., 8.125%, 6/01/23      340,000        249,900   
LGE Holdco VI B.V., 7.125%, 5/15/24 (n)    EUR 135,000        165,067   
Lynx I Corp., 5.375%, 4/15/21 (n)    $ 180,000        184,500   
SIRIUS XM Radio, Inc., 4.25%, 5/15/20 (n)      70,000        69,868   
SIRIUS XM Radio, Inc., 5.875%, 10/01/20 (n)      30,000        31,275   
SIRIUS XM Radio, Inc., 4.625%, 5/15/23 (n)      125,000        119,063   
SIRIUS XM Radio, Inc., 6%, 7/15/24 (n)      135,000        139,050   
SIRIUS XM Radio, Inc., 5.375%, 4/15/25 (n)      165,000        162,938   
Unitymedia Hessen, 5.5%, 1/15/23 (n)      250,000        256,875   
    

 

 

  
             $ 4,378,464   
Chemicals - 3.2%                 
Celanese U.S. Holdings LLC, 5.875%, 6/15/21    $ 92,000      $ 96,370   
Evolution Escrow Issuer Co., 7.5%, 3/15/22 (n)      245,000        197,225   
Flash Dutch 2 B.V./U.S. Coatings Acquisition, 7.375%, 5/01/21 (n)      300,000        320,970   
Hexion U.S. Finance Corp., 6.625%, 4/15/20      155,000        144,538   
Hexion U.S. Finance Corp./Hexion Nova Scotia Finance, 8.875%, 2/01/18      265,000        230,550   
Huntsman International LLC, 8.625%, 3/15/21      115,000        120,165   
INEOS Group Holdings S.A., 6.125%, 8/15/18 (n)      200,000        200,250   
Tronox Finance LLC, 6.375%, 8/15/20      440,000        360,800   
W.R. Grace & Co., 5.125%, 10/01/21 (n)      245,000        248,063   
    

 

 

  
             $ 1,918,931   
Computer Software - 0.6%                 
Syniverse Holdings, Inc., 9.125%, 1/15/19    $ 98,000      $ 85,015   
VeriSign, Inc., 4.625%, 5/01/23      260,000        253,500   
    

 

 

  
             $ 338,515   

 

2

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Computer Software - Systems - 1.1%                 
CDW LLC/CDW Finance Corp., 6%, 8/15/22    $ 140,000      $ 146,825   
CDW LLC/CDW Finance Corp., 5.5%, 12/01/24      125,000        123,750   
Sabre GLBL, Inc., 5.375%, 4/15/23 (n)      415,000        406,700   
    

 

 

  
             $ 677,275   
Conglomerates - 3.7%                 
Amsted Industries Co., 5%, 3/15/22 (n)    $ 495,000      $ 495,000   
ATS Automation Tooling Systems, Inc., 6.5%, 6/15/23 (n)      95,000        95,713   
BC Mountain LLC, 7%, 2/01/21 (n)      315,000        264,600   
EnerSys, 5%, 4/30/23 (n)      400,000        386,000   
Enpro Industries, Inc., 5.875%, 9/15/22      305,000        306,525   
Entegris, Inc., 6%, 4/01/22 (n)      345,000        349,313   
Renaissance Acquisition, 6.875%, 8/15/21 (n)      350,000        311,500   
    

 

 

  
             $ 2,208,651   
Construction - 0.1%                 
Empresas ICA S.A.B. de C.V., 8.9%, 2/04/21    $ 135,000      $ 63,450   
Consumer Products - 1.1%                 
Prestige Brands, Inc., 8.125%, 2/01/20    $ 79,000      $ 83,740   
Prestige Brands, Inc., 5.375%, 12/15/21 (n)      200,000        198,500   
Spectrum Brands, Inc., 6.375%, 11/15/20      215,000        227,631   
Spectrum Brands, Inc., 6.125%, 12/15/24 (n)      40,000        41,600   
Spectrum Brands, Inc., 5.75%, 7/15/25 (n)      105,000        108,150   
    

 

 

  
             $ 659,621   
Consumer Services - 3.8%                 
ADT Corp., 6.25%, 10/15/21    $ 510,000      $ 526,575   
ADT Corp., 4.125%, 6/15/23      85,000        77,988   
CEB, Inc., 5.625%, 6/15/23 (n)      210,000        210,000   
Garda World Security Corp., 7.25%, 11/15/21 (n)      130,000        121,550   
Garda World Security Corp., 7.25%, 11/15/21 (n)      180,000        168,300   
Interval Acquisition Corp., 5.625%, 4/15/23 (n)      420,000        414,750   
Monitronics International, Inc., 9.125%, 4/01/20      300,000        280,500   
Service Corp. International, 7%, 6/15/17      255,000        274,125   
Service Corp. International, 5.375%, 5/15/24      190,000        197,600   
    

 

 

  
             $ 2,271,388   
Containers - 5.8%                 
Ardagh Packaging Finance PLC, 9.125%, 10/15/20 (n)    $ 600,000      $ 627,300   
Ball Corp., 5%, 3/15/22      255,000        258,825   
Berry Plastics Group, Inc., 5.5%, 5/15/22      335,000        324,113   
Crown American LLC, 4.5%, 1/15/23      511,000        500,141   
Multi-Color Corp., 6.125%, 12/01/22 (n)      320,000        326,000   
Reynolds Group, 5.75%, 10/15/20      130,000        134,063   
Reynolds Group, 8.25%, 2/15/21      510,000        524,663   
Sealed Air Corp., 4.875%, 12/01/22 (n)      335,000        335,000   
Sealed Air Corp., 5.125%, 12/01/24 (n)      95,000        96,128   
Signode Industrial Group, 6.375%, 5/01/22 (n)      330,000        318,450   
    

 

 

  
             $ 3,444,683   
Electrical Equipment - 0.1%                 
Avaya, Inc., 10.5%, 3/01/21 (n)    $ 95,000      $ 62,938   

 

3

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Electronics - 2.2%                 
Advanced Micro Devices, Inc., 6.75%, 3/01/19    $ 230,000      $ 162,150   
Advanced Micro Devices, Inc., 7.5%, 8/15/22      70,000        45,150   
Advanced Micro Devices, Inc., 7%, 7/01/24      140,000        90,300   
Micron Technology, Inc., 5.875%, 2/15/22      155,000        152,675   
Micron Technology, Inc., 5.5%, 2/01/25      140,000        130,200   
NXP B.V., 5.75%, 2/15/21 (n)      200,000        208,750   
NXP B.V., 5.75%, 3/15/23 (n)      245,000        253,575   
Sensata Technologies B.V., 5.625%, 11/01/24 (n)      115,000        117,875   
Sensata Technologies B.V., 5%, 10/01/25 (n)      170,000        164,900   
    

 

 

  
             $ 1,325,575   
Energy - Independent - 8.0%                 
American Energy-Permian Basin LLC, 7.375%, 11/01/21 (n)    $ 195,000      $ 98,475   
Baytex Energy Corp., 5.625%, 6/01/24 (n)      295,000        246,183   
Bonanza Creek Energy, Inc., 6.75%, 4/15/21      190,000        140,600   
Chaparral Energy, Inc., 7.625%, 11/15/22      410,000        176,300   
Chesapeake Energy Corp., 5.75%, 3/15/23      380,000        283,294   
Concho Resources, Inc., 6.5%, 1/15/22      245,000        249,951   
Concho Resources, Inc., 5.5%, 4/01/23      305,000        301,313   
EP Energy LLC, 9.375%, 5/01/20      205,000        198,543   
EP Energy LLC, 7.75%, 9/01/22      475,000        437,000   
Halcon Resources Corp., 8.875%, 5/15/21      345,000        113,850   
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 4/15/20      140,000        56,350   
Linn Energy LLC/Linn Energy Finance Corp., 7.75%, 2/01/21      334,000        131,095   
Linn Energy LLC/Linn Energy Finance Corp., 6.5%, 9/15/21      145,000        55,463   
MEG Energy Corp., 6.5%, 3/15/21 (n)      175,000        146,213   
MEG Energy Corp., 7%, 3/31/24 (n)      105,000        85,838   
Noble Energy, Inc., 5.625%, 5/01/21      290,000        292,761   
Northern Blizzard Resources, Inc., 7.25%, 2/01/22 (n)      255,000        209,100   
Oasis Petroleum, Inc., 6.875%, 3/15/22      225,000        186,750   
QEP Resources, Inc., 5.25%, 5/01/23      465,000        402,318   
RSP Permian, Inc., 6.625%, 10/01/22 (n)      285,000        279,300   
Sanchez Energy Corp., 6.125%, 1/15/23      320,000        240,000   
SM Energy Co., 6.5%, 11/15/21      295,000        286,150   
SM Energy Co., 6.125%, 11/15/22      140,000        134,400   
    

 

 

  
             $ 4,751,247   
Entertainment - 2.8%                 
Activision Blizzard, Inc., 6.125%, 9/15/23 (n)    $ 220,000      $ 236,500   
Carmike Cinemas, Inc., 6%, 6/15/23 (n)      115,000        117,588   
Cedar Fair LP, 5.25%, 3/15/21      260,000        264,550   
Cedar Fair LP, 5.375%, 6/01/24      95,000        96,425   
Cinemark USA, Inc., 5.125%, 12/15/22      165,000        165,000   
Cinemark USA, Inc., 4.875%, 6/01/23      190,000        185,250   
NCL Corp. Ltd., 5.25%, 11/15/19 (n)      270,000        279,366   
Six Flags Entertainment Corp., 5.25%, 1/15/21 (n)      320,000        324,800   
    

 

 

  
             $ 1,669,479   
Financial Institutions - 7.6%                 
Aircastle Ltd., 4.625%, 12/15/18    $ 175,000      $ 179,813   
Aircastle Ltd., 5.125%, 3/15/21      125,000        127,813   
Aircastle Ltd., 5.5%, 2/15/22      160,000        165,600   
Aviation Capital Group, 4.625%, 1/31/18 (n)      140,000        143,850   
Aviation Capital Group, 6.75%, 4/06/21 (n)      175,000        198,188   
CIT Group, Inc., 6.625%, 4/01/18 (n)      319,000        341,330   

 

4

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Financial Institutions - continued                 
CIT Group, Inc., 5.5%, 2/15/19 (n)    $ 340,000      $ 357,425   
CIT Group, Inc., 5%, 8/15/22      430,000        436,988   
Credit Acceptance Co., 7.375%, 3/15/23 (n)      285,000        292,125   
Icahn Enterprises LP, 6%, 8/01/20      245,000        253,538   
Icahn Enterprises LP, 5.875%, 2/01/22      320,000        323,280   
Nationstar Mortgage LLC/Capital Corp., 6.5%, 8/01/18      140,000        134,400   
Nationstar Mortgage LLC/Capital Corp., 7.875%, 10/01/20      555,000        524,475   
Navient Corp., 5.875%, 3/25/21      100,000        89,750   
PHH Corp., 6.375%, 8/15/21      150,000        138,375   
SLM Corp., 8%, 3/25/20      515,000        521,438   
SLM Corp., 7.25%, 1/25/22      230,000        216,775   
SLM Corp., 6.125%, 3/25/24      105,000        89,250   
    

 

 

  
             $ 4,534,413   
Food & Beverages - 0.9%                 
Darling Ingredients, Inc., 5.375%, 1/15/22    $ 190,000      $ 187,625   
Sun Merger Sub, Inc., 5.875%, 8/01/21 (n)      350,000        363,125   
    

 

 

  
             $ 550,750   
Forest & Paper Products - 0.3%                 
Appvion, Inc., 9%, 6/01/20 (n)    $ 175,000      $ 98,000   
Tembec Industries, Inc., 9%, 12/15/19 (n)      135,000        86,400   
    

 

 

  
             $ 184,400   
Gaming & Lodging - 4.1%                 
Boyd Gaming Corp., 6.875%, 5/15/23    $ 175,000      $ 179,813   
CCM Merger, Inc., 9.125%, 5/01/19 (n)      255,000        271,575   
Eldorado Resorts, Inc., 7%, 8/01/23 (n)      50,000        49,625   
Greektown Holdings LLC, 8.875%, 3/15/19 (n)      285,000        297,825   
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 5.625%, 10/15/21      415,000        432,638   
Isle of Capri Casinos, Inc., 8.875%, 6/15/20      80,000        85,800   
Isle of Capri Casinos, Inc., 5.875%, 3/15/21      325,000        334,750   
MGM Resorts International, 6.625%, 12/15/21      180,000        191,250   
MGM Resorts International, 6%, 3/15/23      185,000        187,775   
RHP Hotel Properties, 5%, 4/15/23 (n)      80,000        79,200   
Ryman Hospitality Properties, Inc., REIT, 5%, 4/15/21      340,000        340,680   
    

 

 

  
             $ 2,450,931   
Industrial - 2.0%                 
Anixter, Inc., 5.125%, 10/01/21    $ 240,000      $ 239,400   
Dematic S.A., 7.75%, 12/15/20 (n)      385,000        392,700   
Howard Hughes Corp., 6.875%, 10/01/21 (n)      375,000        390,938   
SPL Logistics Escrow LLC, 8.875%, 8/01/20 (n)      175,000        186,375   
    

 

 

  
             $ 1,209,413   
Machinery & Tools - 1.7%                 
Ashtead Capital, Inc., 5.625%, 10/01/24 (n)    $ 265,000      $ 263,179   
H&E Equipment Services Co., 7%, 9/01/22      370,000        368,150   
Jurassic Holdings III, Inc., 6.875%, 2/15/21 (n)      295,000        207,238   
Light Tower Rentals, Inc., 8.125%, 8/01/19 (n)      230,000        154,100   
    

 

 

  
             $ 992,667   
Major Banks - 2.1%                 
Bank of America Corp., FRN, 6.1%, 12/29/49    $ 645,000      $ 629,681   
JPMorgan Chase & Co., 6% to 8/01/23, FRN to 12/29/49      405,000        400,950   
Royal Bank of Scotland Group PLC, 7.5% to 8/10/2020, FRN to 12/29/49      200,000        200,500   
    

 

 

  
             $ 1,231,131   

 

5

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Medical & Health Technology & Services - 7.3%                 
CHS/Community Health Systems, Inc., 5.125%, 8/01/21    $ 55,000      $ 56,513   
CHS/Community Health Systems, Inc., 6.875%, 2/01/22      430,000        457,008   
Davita Healthcare Partners, Inc., 5%, 5/01/25      235,000        230,300   
Davita, Inc., 5.125%, 7/15/24      185,000        184,191   
HCA, Inc., 4.25%, 10/15/19      185,000        188,700   
HCA, Inc., 7.5%, 2/15/22      380,000        435,932   
HCA, Inc., 5.875%, 3/15/22      465,000        505,688   
HCA, Inc., 5%, 3/15/24      160,000        163,800   
HCA, Inc., 5.375%, 2/01/25      125,000        126,875   
HealthSouth Corp., 5.125%, 3/15/23      305,000        301,950   
HealthSouth Corp., 5.75%, 11/01/24 (n)      150,000        152,085   
LifePoint Hospitals, Inc., 5.5%, 12/01/21      335,000        349,028   
Tenet Healthcare Corp., 8%, 8/01/20      430,000        448,813   
Tenet Healthcare Corp., 4.5%, 4/01/21      250,000        251,250   
Tenet Healthcare Corp., 8.125%, 4/01/22      160,000        177,200   
Tenet Healthcare Corp., 6.75%, 6/15/23      90,000        92,700   
Universal Health Services, Inc., 7.625%, 8/15/20      245,000        236,272   
    

 

 

  
             $ 4,358,305   
Medical Equipment - 1.6%                 
Alere, Inc., 6.375%, 7/01/23 (n)    $ 205,000      $ 210,125   
DJO Finco, Inc., 8.125%, 6/15/21 (n)      240,000        248,280   
Hologic, Inc., 5.25%, 7/15/22 (n)      250,000        254,688   
Teleflex, Inc., 5.25%, 6/15/24      225,000        225,563   
    

 

 

  
             $ 938,656   
Metals & Mining - 4.4%                 
Century Aluminum Co., 7.5%, 6/01/21 (n)    $ 300,000      $ 285,000   
Commercial Metals Co., 4.875%, 5/15/23      210,000        185,850   
Consol Energy, Inc., 5.875%, 4/15/22      355,000        253,825   
Consol Energy, Inc., 8%, 4/01/23 (n)      195,000        147,225   
First Quantum Minerals Ltd., 7.25%, 10/15/19 (n)      400,000        288,000   
GrafTech International Co., 6.375%, 11/15/20      270,000        213,300   
Hudbay Minerals, Inc., 9.5%, 10/01/20      190,000        172,368   
Lundin Mining Corp., 7.5%, 11/01/20 (n)      105,000        103,688   
Lundin Mining Corp., 7.875%, 11/01/22 (n)      150,000        147,750   
Steel Dynamics, Inc., 5.125%, 10/01/21      100,000        98,050   
Steel Dynamics, Inc., 5.25%, 4/15/23      215,000        208,819   
Steel Dynamics, Inc., 5.5%, 10/01/24      100,000        97,125   
Suncoke Energy Partners LP/Suncoke Energy Partners Finance Corp., 7.375%, 2/01/20 (n)      90,000        81,675   
Suncoke Energy Partners LP/Suncoke Energy Partners Finance Corp., 7.375%, 2/01/20 (n)      215,000        195,113   
Suncoke Energy, Inc., 7.625%, 8/01/19      29,000        29,580   
TMS International Corp., 7.625%, 10/15/21 (n)      155,000        148,025   
    

 

 

  
             $ 2,655,393   
Midstream - 7.7%                 
AmeriGas Finance LLC, 6.75%, 5/20/20    $ 425,000      $ 438,813   
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.125%, 11/15/22 (n)      155,000        151,900   
Colorado Interstate Gas Co., 6.8%, 11/15/15      91,000        92,018   
Crestwood Midstream Partners LP, 6%, 12/15/20      225,000        212,625   
Crestwood Midstream Partners LP, 6.125%, 3/01/22      135,000        122,850   
Crestwood Midstream Partners LP, 6.25%, 4/01/23 (n)      43,000        38,915   
El Paso Corp., 7.75%, 1/15/32      500,000        537,566   
Energy Transfer Equity LP, 7.5%, 10/15/20      390,000        417,795   
Ferrellgas LP/Ferrellgas Finance Corp., 6.5%, 5/01/21      230,000        220,800   

 

6

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Midstream - continued                 
Ferrellgas LP/Ferrellgas Finance Corp., 6.75%, 1/15/22    $ 295,000      $ 284,675   
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 5.5%, 2/15/23      230,000        225,400   
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 4.5%, 7/15/23      290,000        268,250   
Sabine Pass Liquefaction LLC, 5.625%, 2/01/21      200,000        197,000   
Sabine Pass Liquefaction LLC, 5.625%, 4/15/23      450,000        437,063   
Sabine Pass Liquefaction LLC, 5.75%, 5/15/24      135,000        131,963   
Sabine Pass Liquefaction LLC, 5.625%, 3/01/25 (n)      170,000        164,369   
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 7.5%, 7/01/21      130,000        130,000   
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.5%, 8/15/22      160,000        141,600   
Targa Resources Partners LP/Targa Resources Finance Corp., 5%, 1/15/18 (n)      80,000        79,200   
Targa Resources Partners LP/Targa Resources Finance Corp., 4.125%, 11/15/19 (n)      240,000        226,200   
Targa Resources Partners LP/Targa Resources Finance Corp., 5.25%, 5/01/23      65,000        61,100   
    

 

 

  
             $ 4,580,102   
Network & Telecom - 1.9%                 
Centurylink, Inc., 6.45%, 6/15/21    $ 155,000      $ 154,783   
Centurylink, Inc., 7.65%, 3/15/42      245,000        209,475   
Citizens Communications Co., 9%, 8/15/31      215,000        189,603   
Frontier Communications Corp., 8.125%, 10/01/18      95,000        102,600   
Frontier Communications Corp., 6.25%, 9/15/21      75,000        68,468   
Frontier Communications Corp., 7.125%, 1/15/23      100,000        90,300   
Telecom Italia Capital, 6%, 9/30/34      70,000        68,600   
Telecom Italia S.p.A., 5.303%, 5/30/24 (n)      250,000        251,875   
    

 

 

  
             $ 1,135,704   
Oil Services - 1.2%                 
Bristow Group, Inc., 6.25%, 10/15/22    $ 373,000      $ 328,240   
Pacific Drilling S.A., 5.375%, 6/01/20 (n)      290,000        208,800   
Shale-Inland Holdings LLC/Finance Co., 8.75%, 11/15/19 (n)      220,000        162,800   
    

 

 

  
             $ 699,840   
Oils - 0.9%                 
CITGO Holding, Inc., 10.75%, 2/15/20 (n)    $ 215,000      $ 212,313   
CITGO Petroleum Corp., 6.25%, 8/15/22 (n)      340,000        329,800   
    

 

 

  
             $ 542,113   
Other Banks & Diversified Financials - 0.5%                 
Groupe BPCE S.A., 12.5% to 9/30/19, FRN to 8/29/49 (n)    $ 225,000      $ 295,454   
Pharmaceuticals - 3.0%                 
Endo Finance LLC/Endo Finco, Inc., 7.75%, 1/15/22 (n)    $ 425,000      $ 453,688   
Mallinckrodt International Finance S.A., 5.75%, 8/01/22 (n)      220,000        224,730   
Mallinckrodt International Finance S.A., 5.5%, 4/15/25 (n)      30,000        29,775   
Valeant Pharmaceuticals International, Inc., 7%, 10/01/20 (n)      390,000        403,650   
Valeant Pharmaceuticals International, Inc., 7.25%, 7/15/22 (n)      230,000        242,075   
Valeant Pharmaceuticals International, Inc., 5.5%, 3/01/23 (n)      105,000        106,444   
Vantage Point Imaging, 7.5%, 7/15/21 (n)      125,000        134,219   
VRX Escrow Corp., 5.875%, 5/15/23 (n)      175,000        178,500   
    

 

 

  
             $ 1,773,081   
Pollution Control - 0.3%                 
Abengoa Finance S.A.U., 7.75%, 2/01/20 (n)    $ 300,000      $ 178,500   
Precious Metals & Minerals - 1.1%                 
Aurico Gold, Inc., 7.75%, 4/01/20 (n)    $ 400,000      $ 360,000   
Eldorado Gold Corp., 6.125%, 12/15/20 (n)      335,000        288,100   
    

 

 

  
             $ 648,100   

 

7

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Printing & Publishing - 2.0%                 
American Media, Inc., 13.5%, 6/15/18 (z)    $ 28,207      $ 28,983   
Gannett Co., Inc., 5.125%, 7/15/20      185,000        191,475   
Gannett Co., Inc., 4.875%, 9/15/21 (n)      100,000        98,750   
Gannett Co., Inc., 6.375%, 10/15/23      195,000        204,263   
Nielsen Finance LLC, 5%, 4/15/22 (n)      440,000        433,950   
Outdoor Americas Capital LLC/Outfront Media Capital Corp., 5.625%, 2/15/24      195,000        199,631   
Outfront Media Cap LLC, 5.625%, 2/15/24 (n)      15,000        15,450   
    

 

 

  
             $ 1,172,502   
Real Estate - Healthcare - 0.7%                 
MPT Operating Partnership LP, REIT, 6.875%, 5/01/21    $ 150,000      $ 157,500   
MPT Operating Partnership LP, REIT, 6.375%, 2/15/22      255,000        268,706   
    

 

 

  
             $ 426,206   
Real Estate - Other - 1.2%                 
DuPont Fabros Technology LP, REIT, 5.875%, 9/15/21    $ 360,000      $ 371,700   
Felcor Lodging LP, REIT, 5.625%, 3/01/23      315,000        324,450   
    

 

 

  
             $ 696,150   
Retailers - 3.1%                 
Best Buy Co., Inc., 5.5%, 3/15/21    $ 445,000      $ 472,813   
Bon Ton Stores, Inc., 8%, 6/15/21      150,000        97,500   
DriveTime Automotive Group, Inc./DT Acceptance Corp., 8%, 6/01/21 (n)      215,000        198,875   
Family Tree Escrow LLC, 5.75%, 3/01/23 (n)      360,000        377,100   
Jo-Ann Stores Holdings, Inc., 9.75%, 10/15/19 (n)(p)      175,000        147,000   
Neiman Marcus Group Ltd., 8%, 10/15/21 (n)      190,000        200,450   
Rite Aid Corp., 9.25%, 3/15/20      155,000        166,916   
Rite Aid Corp., 6.75%, 6/15/21      65,000        68,575   
Rite Aid Corp., 6.125%, 4/01/23 (n)      140,000        143,675   
    

 

 

  
      $ 1,872,904   
Specialty Chemicals - 1.3%                 
Chemtura Corp., 5.75%, 7/15/21    $ 465,000      $ 466,163   
Univar USA, Inc., 6.75%, 7/15/23 (n)      305,000        303,475   
    

 

 

  
      $ 769,638   
Specialty Stores - 1.6%                 
Argos Merger Sub, Inc., 7.125%, 3/15/23 (n)    $ 290,000      $ 303,775   
Group 1 Automotive, Inc., 5%, 6/01/22      335,000        332,488   
Michaels Stores, Inc., 5.875%, 12/15/20 (n)      290,000        303,775   
    

 

 

  
      $ 940,038   
Telecommunications - Wireless - 6.3%                 
Crown Castle International Corp., 4.875%, 4/15/22    $ 90,000      $ 92,363   
Crown Castle International Corp., 5.25%, 1/15/23      245,000        256,331   
Digicel Group Ltd., 7.125%, 4/01/22 (n)      200,000        174,250   
Digicel Group Ltd., 6.75%, 3/01/23 (n)      225,000        206,438   
Eileme 2 AB, 11.625%, 1/31/20 (n)      200,000        218,750   
Sprint Capital Corp., 6.875%, 11/15/28      285,000        245,100   
Sprint Corp., 7.875%, 9/15/23      300,000        288,375   
Sprint Corp., 7.125%, 6/15/24      410,000        379,123   
Sprint Nextel Corp., 9%, 11/15/18 (n)      150,000        167,063   
Sprint Nextel Corp., 6%, 11/15/22      205,000        184,500   
T-Mobile USA, Inc., 6.125%, 1/15/22      35,000        36,094   
T-Mobile USA, Inc., 6.5%, 1/15/24      95,000        97,613   
T-Mobile USA, Inc., 6.464%, 4/28/19      85,000        87,444   

 

8

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Bonds - continued                 
Telecommunications - Wireless - continued                 
T-Mobile USA, Inc., 6.25%, 4/01/21    $ 500,000      $ 516,400   
T-Mobile USA, Inc., 6.633%, 4/28/21      125,000        130,625   
Wind Acquisition Finance S.A., 4.75%, 7/15/20 (n)      250,000        251,875   
Wind Acquisition Finance S.A., 7.375%, 4/23/21 (n)      405,000        414,113   
    

 

 

  
             $ 3,746,457   
Telephone Services - 0.6%                 
Level 3 Financing, Inc., 8.625%, 7/15/20    $ 80,000      $ 84,760   
Level 3 Financing, Inc., 5.375%, 5/01/25 (n)      305,000        294,706   
    

 

 

  
             $ 379,466   
Transportation - Services - 2.2%                 
Jack Cooper Holdings Corp., 10.25%, 6/01/20 (n)    $ 335,000      $ 304,850   
Navios Maritime Acquisition Corp., 8.125%, 11/15/21 (n)      260,000        248,300   
Navios Maritime Holding, Inc., 7.375%, 1/15/22 (n)      285,000        236,550   
Stena AB, 7%, 2/01/24 (n)      400,000        350,000   
Syncreon Group BV/Syncre, 8.625%, 11/01/21 (n)      200,000        143,000   
Ultrapetrol (Bahamas) Ltd., 8.875%, 6/15/21      55,000        42,900   
    

 

 

  
             $ 1,325,600   
Utilities - Electric Power - 2.5%                 
Calpine Corp., 5.5%, 2/01/24    $ 260,000      $ 250,900   
Covanta Holding Corp., 7.25%, 12/01/20      265,000        276,607   
Covanta Holding Corp., 6.375%, 10/01/22      70,000        71,925   
Covanta Holding Corp., 5.875%, 3/01/24      80,000        78,000   
NRG Energy, Inc., 8.25%, 9/01/20      280,000        289,100   
NRG Energy, Inc., 6.25%, 7/15/22      25,000        24,375   
NRG Energy, Inc., 6.625%, 3/15/23      305,000        299,663   
TerraForm Power Operating LLC, 6.125%, 6/15/25 (n)      195,000        183,788   
    

 

 

  
             $ 1,474,358   
Total Bonds            $ 75,624,092   
Floating Rate Loans (g)(r) - 3.8%                 
Aerospace - 0.2%                 
TransDigm, Inc., Term Loan C, 3.75%, 2/28/20    $ 130,680      $ 129,233   
Building - 0.3%                 
ABC Supply Co., Inc., Term Loan, 3.5%, 4/16/20    $ 199,385      $ 198,305   
Cable TV - 0.2%                 
Cequel Communications LLC, Term Loan B, 3.5%, 2/14/19    $ 106,840      $ 106,150   
Conglomerates - 0.2%                 
Entegris, Inc., Term Loan B, 3.5%, 4/30/21    $ 133,806      $ 132,635   
Consumer Services - 0.2%                 
Realogy Corp., Term Loan B, 3.75%, 3/05/20    $ 131,564      $ 131,276   
Containers - 0.2%                 
Berry Plastics Holding Corp., Term Loan E, 3.75%, 1/06/21    $ 93,214      $ 92,411   
Electronics - 0.3%                 
Avago Technologies Cayman Ltd., Term Loan B, 3.75%, 5/06/21    $ 193,840      $ 193,570   

 

9

Portfolio of Investments (unaudited) – continued

 

Issuer    Shares/Par     Value ($)  
Floating Rate Loans (g)(r) - continued                 
Energy - Independent - 0.2%                 
MEG Energy Corp., Term Loan, 3.75%, 3/31/20    $ 118,126      $ 109,828   
Entertainment - 0.2%                 
Cedar Fair LP, Term Loan B, 3.25%, 3/06/20    $ 80,134      $ 80,335   
Gaming & Lodging - 0.3%                 
Hilton Worldwide Finance LLC, Term Loan B2, 3.5%, 10/25/20    $ 167,027      $ 166,687   
Medical & Health Technology & Services - 0.3%                 
DaVita HealthCare Partners, Inc., Term Loan B, 3.5%, 6/24/21    $ 166,263      $ 165,916   
Printing & Publishing - 0.2%                 
CBS Outdoor Americas Capital LLC, Term Loan B, 3%, 1/31/21    $ 129,188      $ 128,489   
Retailers - 0.1%                 
Rite Aid Corp., Second Lien Term Loan, 4.87%, 6/21/21    $ 79,361      $ 79,336   
Transportation - Services - 0.6%                 
Commercial Barge Line Co., First Lien Term Loan, 7.5%, 9/15/19    $ 338,424      $ 337,155   
Utilities - Electric Power - 0.3%                 
Calpine Construction Finance Co. LP, Term Loan B1, 3%, 5/03/20    $ 200,251      $ 196,162   
Total Floating Rate Loans            $ 2,247,488   
Common Stocks - 0.0%                 
Automotive - 0.0%                 
Accuride Corp. (a)      4,099      $ 13,896   
Money Market Funds - 3.7%                 
MFS Institutional Money Market Portfolio, 0.11%, at Net Asset Value (v)      2,181,461      $ 2,181,461   
Total Investments            $ 80,066,937   
Other Assets, Less Liabilities - (34.4)%              (20,484,639 ) 
Net Assets - 100.0%            $ 59,582,298   

 

(a) Non-income producing security.
(g) The rate shown represents a weighted average coupon rate on settled positions at period end, unless otherwise indicated.
(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 $30,540,539 representing 51.3% of net assets.
(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 affiliated fund that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.
(z) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. The fund holds the following restricted securities:

 

Restricted Securities    Acquisition
Date		      Cost      Value  
American Media, Inc., 13.5%, 6/15/18      12/22/10         $28,426         $28,983   
% of Net assets         0%   

 

10

Portfolio of Investments (unaudited) – continued

 

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

 

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

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

 

EUR   Euro

Derivative Contracts at 8/31/15

Forward Foreign Currency Exchange Contracts at 8/31/15

 

Type    Currency      Counterparty    Contracts to
Deliver/Receive		    Settlement
Date Range		    In Exchange
For		      Contracts
at Value		      Net Unrealized
Appreciation
(Depreciation)		  
Liability Derivatives                     
SELL      EUR      

UBS AG

    157,614    10/09/15    $ 172,477       $ 176,964       $ (4,487 ) 
                    

 

 

  

Futures Contracts at 8/31/15

 

Description    Currency      Contracts      Value    Expiration Date    Unrealized
Appreciation
(Depreciation)		  
Asset Derivatives               
Interest Rate Futures               
U.S. Treasury Note 10 yr (Short)      USD         5       $635,313    December - 2015      $138   
              

 

 

  

At August 31, 2015, the fund had cash collateral of $6,750 to cover any commitments for certain derivative contracts.

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

 

11

Supplemental Information

8/31/15 (unaudited)

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

(1) Investment Valuations

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

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

Various inputs are used in determining the value of the fund’s assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes unobservable inputs, which may include the adviser’s own assumptions in determining the fair value of investments. Other

 

12

Supplemental Information (unaudited) – continued

 

financial instruments are derivative instruments not reflected in total investments, such as futures contracts and forward foreign currency exchange contracts, swap agreements, and written options. The following is a summary of the levels used as of August 31, 2015 in valuing the fund’s assets or liabilities:

 

Investments at Value    Level 1      Level 2      Level 3      Total  
Equity Securities      $13,896         $—         $—         $13,896   
U.S. Corporate Bonds      —         64,245,868         —         64,245,868   
Commercial Mortgage-Backed Securities      —         39,658         —         39,658   
Foreign Bonds      —         11,338,566         —         11,338,566   
Floating Rate Loans      —         2,247,488         —         2,247,488   
Mutual Funds      2,181,461         —         —         2,181,461   
Total Investments      $2,195,357         $77,871,580         $—         $80,066,937   
Other Financial Instruments                            
Futures Contracts      $138         $—         $—         $138   
Forward Foreign Currency Exchange Contracts      —         (4,487 )       —         (4,487 ) 

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

(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      $84,814,369   
Gross unrealized appreciation      611,682   
Gross unrealized depreciation      (5,359,114 ) 
Net unrealized appreciation (depreciation)      $(4,747,432 ) 

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

(3) Transactions in Underlying Affiliated Funds – Affiliated Issuers

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

 

Underlying Affiliated Fund    Beginning
Shares/Par
Amount		      Acquisitions
Shares/Par
Amount		      Dispositions
Shares/Par
Amount		      Ending
Shares/Par
Amount		  
MFS Institutional Money Market Portfolio      1,428,474         15,665,716         (14,912,729 )       2,181,461   
Underlying Affiliated Fund    Realized
Gain (Loss)		      Capital Gain
Distributions		      Dividend
Income		      Ending
Value		  
MFS Institutional Money Market Portfolio      $—         $—         $1,795         $2,181,461   

 

13

ITEM 2. CONTROLS AND PROCEDURES.

 

(a) Based upon their evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as conducted within 90 days of the filing date of this Form N-Q, the registrant’s principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

 

(b) There were no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2): Attached hereto.

Notice

A copy of the Agreement and Declaration of Trust, as amended, of the Registrant is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that this instrument is executed on behalf of the Registrant by an officer of the Registrant as an officer and not individually and the obligations of or arising out of this instrument are not binding upon any of the Trustees or shareholders individually, but are binding only upon the assets and property of the respective constituent series of the Registrant.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: MFS INTERMEDIATE HIGH INCOME FUND

 

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

Date: October 15, 2015

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

 

By (Signature and Title)*    ROBIN A. STELMACH
 

Robin A. Stelmach, President

(Principal Executive Officer)

Date: October 15, 2015

 

By (Signature and Title)*    DAVID L. DILORENZO
 

David L. DiLorenzo, Treasurer

(Principal Financial Officer

and Accounting Officer)

Date: October 15, 2015

 

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