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)
Christopher R. Bohane
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, 2018
| ITEM 1. | SCHEDULE OF INVESTMENTS. |
Quarterly Report
August 31, 2018
MFS® Intermediate High
Income Fund
Income Fund
Portfolio of Investments
8/31/18 (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 – 135.3% | ||||
| Aerospace – 2.5% | ||||
| Dae Funding LLC, 5%, 8/01/2024 (n) | $ | 380,000 | $ 373,350 | |
| KLX, Inc., 5.875%, 12/01/2022 (n) | 350,000 | 362,250 | ||
| TransDigm, Inc., 6.5%, 7/15/2024 | 315,000 | 320,118 | ||
| TransDigm, Inc., 6.375%, 6/15/2026 | 230,000 | 232,444 | ||
| $ 1,288,162 | ||||
| Automotive – 1.9% | ||||
| Allison Transmission, Inc., 5%, 10/01/2024 (n) | $ | 600,000 | $ 591,000 | |
| IHO Verwaltungs GmbH, 4.75%, (4.75% cash or 5.5% PIK) 9/15/2026 (n)(p) | 400,000 | 380,000 | ||
| $ 971,000 | ||||
| Broadcasting – 4.5% | ||||
| Liberty Media Corp. - Liberty Formula One, 8.5%, 7/15/2029 | $ | 270,000 | $ 287,550 | |
| Liberty Media Corp. - Liberty Formula One, 8.25%, 2/01/2030 | 95,000 | 101,175 | ||
| Match Group, Inc., 6.375%, 6/01/2024 | 295,000 | 313,806 | ||
| MDC Partners, Inc., 6.5%, 5/01/2024 (z) | 70,000 | 62,738 | ||
| Meredith Corp., 6.875%, 2/01/2026 (n) | 225,000 | 227,813 | ||
| Netflix, Inc., 5.875%, 2/15/2025 | 255,000 | 263,287 | ||
| Netflix, Inc., 3.625%, 5/15/2027 | EUR | 180,000 | 205,027 | |
| Netflix, Inc., 4.875%, 4/15/2028 (n) | $ | 90,000 | 85,275 | |
| Netflix, Inc., 5.875%, 11/15/2028 (n) | 295,000 | 295,681 | ||
| WMG Acquisition Corp., 5%, 8/01/2023 (n) | 65,000 | 64,513 | ||
| WMG Acquisition Corp., 4.875%, 11/01/2024 (n) | 330,000 | 320,512 | ||
| WMG Acquisition Corp., 5.5%, 4/15/2026 (n) | 65,000 | 63,863 | ||
| $ 2,291,240 | ||||
| Building – 6.0% | ||||
| ABC Supply Co., Inc., 5.75%, 12/15/2023 (n) | $ | 380,000 | $ 390,450 | |
| ABC Supply Co., Inc., 5.875%, 5/15/2026 (n) | 310,000 | 310,372 | ||
| Beacon Escrow Corp., 4.875%, 11/01/2025 (n) | 275,000 | 253,688 | ||
| Beacon Roofing Supply, Inc., 6.375%, 10/01/2023 | 115,000 | 118,163 | ||
| James Hardie International Finance Ltd., 5%, 1/15/2028 (n) | 300,000 | 281,813 | ||
| New Enterprise Stone & Lime Co., Inc., 10.125%, 4/01/2022 (n) | 290,000 | 311,387 | ||
| New Enterprise Stone & Lime Co., Inc., 6.25%, 3/15/2026 (n) | 216,000 | 219,780 | ||
| PGT Escrow Issuer, Inc., 6.75%, 8/01/2026 (n) | 165,000 | 169,280 | ||
| PriSo Acquisition Corp., 9%, 5/15/2023 (n) | 128,000 | 132,800 | ||
| Standard Industries, Inc., 5.375%, 11/15/2024 (n) | 380,000 | 380,475 | ||
| Standard Industries, Inc., 6%, 10/15/2025 (n) | 180,000 | 184,082 | ||
| Summit Materials LLC/Summit Materials Finance Co., 6.125%, 7/15/2023 | 335,000 | 339,606 | ||
| $ 3,091,896 | ||||
| Business Services – 5.5% | ||||
| Alliance Data Systems Corp., 5.875%, 11/01/2021 (n) | $ | 340,000 | $ 347,650 | |
| Ascend Learning LLC, 6.875%, 8/01/2025 (n) | 200,000 | 202,000 | ||
| CDK Global, Inc., 4.875%, 6/01/2027 | 395,000 | 388,088 | ||
| Equinix, Inc., 5.375%, 4/01/2023 | 240,000 | 245,100 | ||
| Equinix, Inc., 5.75%, 1/01/2025 | 170,000 | 175,100 | ||
| Equinix, Inc., 5.875%, 1/15/2026 | 150,000 | 155,625 | ||
| First Data Corp., 5%, 1/15/2024 (n) | 510,000 | 511,045 | ||
| MSCI, Inc., 4.75%, 8/01/2026 (n) | 290,000 | 287,825 | ||
| Travelport Worldwide Ltd., 6%, 3/15/2026 (n) | 280,000 | 284,900 | ||
| Vantiv LLC/Vantiv Issuer Corp., 4.375%, 11/15/2025 (n) | 250,000 | 238,125 | ||
| $ 2,835,458 | ||||
1
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Cable TV – 12.1% | ||||
| Altice Financing S.A., 6.625%, 2/15/2023 (n) | $ | 280,000 | $ 281,747 | |
| Altice Financing S.A., 7.5%, 5/15/2026 (n) | 200,000 | 191,000 | ||
| Altice U.S. Finance I Corp., 5.5%, 5/15/2026 (n) | 200,000 | 196,500 | ||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.75%, 1/15/2024 | 520,000 | 529,012 | ||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.375%, 5/01/2025 (n) | 205,000 | 203,719 | ||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.75%, 2/15/2026 (n) | 495,000 | 495,000 | ||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.875%, 5/01/2027 (n) | 260,000 | 257,075 | ||
| Cequel Communications Holdings I LLC/Cequel Capital Corp., 7.5%, 4/01/2028 (n) | 200,000 | 208,500 | ||
| CSC Holdings LLC, 5.5%, 4/15/2027 (n) | 600,000 | 584,250 | ||
| DISH DBS Corp., 5%, 3/15/2023 | 130,000 | 115,700 | ||
| DISH DBS Corp., 5.875%, 11/15/2024 | 245,000 | 213,150 | ||
| Intelsat Connect Finance, 9.5%, 2/15/2023 (n) | 95,000 | 94,687 | ||
| Intelsat Jackson Holdings S.A., 5.5%, 8/01/2023 | 270,000 | 246,294 | ||
| Sirius XM Radio, Inc., 4.625%, 5/15/2023 (n) | 125,000 | 124,562 | ||
| Sirius XM Radio, Inc., 6%, 7/15/2024 (n) | 325,000 | 337,707 | ||
| Sirius XM Radio, Inc., 5.375%, 4/15/2025 (n) | 165,000 | 167,475 | ||
| Telenet Finance Luxembourg S.A., 5.5%, 3/01/2028 (n) | 400,000 | 374,000 | ||
| Unitymedia KabelBW GmbH, 6.125%, 1/15/2025 (n) | 240,000 | 250,800 | ||
| Videotron Ltd., 5.375%, 6/15/2024 (n) | 80,000 | 82,200 | ||
| Videotron Ltd., 5.125%, 4/15/2027 (n) | 480,000 | 475,200 | ||
| Virgin Media Finance PLC, 5.75%, 1/15/2025 (n) | 200,000 | 192,750 | ||
| Virgin Media Secured Finance PLC, 5.25%, 1/15/2026 (n) | 200,000 | 194,540 | ||
| Ziggo Bond Finance B.V., 5.875%, 1/15/2025 (n) | 400,000 | 373,500 | ||
| $ 6,189,368 | ||||
| Chemicals – 2.9% | ||||
| Axalta Coating Systems Co., 4.875%, 8/15/2024 (n) | $ | 450,000 | $ 447,187 | |
| Consolidated Energy Finance S.A., 6.875%, 6/15/2025 (n) | 200,000 | 206,350 | ||
| OCI N.V., 6.625%, 4/15/2023 (n) | 200,000 | 207,000 | ||
| PolyOne Corp., 5.25%, 3/15/2023 | 265,000 | 272,698 | ||
| SPCM S.A., 4.875%, 9/15/2025 (n) | 375,000 | 358,474 | ||
| $ 1,491,709 | ||||
| Computer Software – 1.0% | ||||
| Diamond 1 Finance Corp./Diamond 2 Finance Corp., 5.875%, 6/15/2021 (n) | $ | 235,000 | $ 241,795 | |
| Diamond 1 Finance Corp./Diamond 2 Finance Corp., 6.02%, 6/15/2026 (n) | 205,000 | 217,326 | ||
| VeriSign, Inc., 5.25%, 4/01/2025 | 60,000 | 60,828 | ||
| $ 519,949 | ||||
| Computer Software - Systems – 2.3% | ||||
| CDW LLC/CDW Finance Corp., 5.5%, 12/01/2024 | $ | 45,000 | $ 46,800 | |
| CDW LLC/CDW Finance Corp., 5%, 9/01/2025 | 135,000 | 134,156 | ||
| Fair Isaac Corp., 5.25%, 5/15/2026 (n) | 310,000 | 312,325 | ||
| JDA Software Group, Inc., 7.375%, 10/15/2024 (n) | 200,000 | 206,440 | ||
| Sabre GLBL, Inc., 5.375%, 4/15/2023 (n) | 495,000 | 498,713 | ||
| $ 1,198,434 | ||||
| Conglomerates – 5.2% | ||||
| Amsted Industries Co., 5%, 3/15/2022 (n) | $ | 495,000 | $ 496,856 | |
| Apex Tool Group LLC, 9%, 2/15/2023 (n) | 250,000 | 243,750 | ||
| BWX Technologies, Inc., 5.375%, 7/15/2026 (n) | 290,000 | 292,900 | ||
| EnerSys, 5%, 4/30/2023 (n) | 510,000 | 515,100 | ||
| Entegris, Inc., 4.625%, 2/10/2026 (n) | 345,000 | 332,494 | ||
| Gates Global LLC, 6%, 7/15/2022 (n) | 133,000 | 134,330 | ||
| SPX FLOW, Inc., 5.625%, 8/15/2024 (n) | 270,000 | 270,675 | ||
| TriMas Corp., 4.875%, 10/15/2025 (n) | 385,000 | 370,562 | ||
| $ 2,656,667 | ||||
2
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Construction – 1.4% | ||||
| Empresas ICA S.A.B. de C.V., 8.9%, 2/04/2021 (a)(d) | $ | 135,000 | $ 20,588 | |
| Mattamy Group Corp., 6.5%, 10/01/2025 (n) | 310,000 | 305,412 | ||
| Toll Brothers Finance Corp., 4.875%, 11/15/2025 | 120,000 | 116,700 | ||
| Toll Brothers Finance Corp., 4.35%, 2/15/2028 | 315,000 | 288,225 | ||
| $ 730,925 | ||||
| Consumer Products – 2.2% | ||||
| Coty, Inc., 6.5%, 4/15/2026 (n) | $ | 310,000 | $ 291,594 | |
| Energizer Gamma Acquisition, Inc., 6.375%, 7/15/2026 (n) | 220,000 | 227,425 | ||
| Prestige Brands, Inc., 6.375%, 3/01/2024 (n) | 240,000 | 242,172 | ||
| Spectrum Brands, Inc., 6.125%, 12/15/2024 | 40,000 | 40,900 | ||
| Spectrum Brands, Inc., 5.75%, 7/15/2025 | 325,000 | 328,250 | ||
| $ 1,130,341 | ||||
| Consumer Services – 2.6% | ||||
| Frontdoor, Inc., 6.75%, 8/15/2026 (n) | $ | 145,000 | $ 148,444 | |
| Interval Acquisition Corp., 5.625%, 4/15/2023 (z) | 270,000 | 272,025 | ||
| Matthews International Corp., 5.25%, 12/01/2025 (n) | 260,000 | 250,250 | ||
| NVA Holdings, Inc., 6.875%, 4/01/2026 (n) | 175,000 | 173,906 | ||
| Service Corp. International, 4.625%, 12/15/2027 | 165,000 | 158,400 | ||
| ServiceMaster Co. LLC, 5.125%, 11/15/2024 (n) | 325,000 | 319,312 | ||
| $ 1,322,337 | ||||
| Containers – 6.3% | ||||
| ARD Finance S.A., 7.125%, 9/15/2023 | $ | 200,000 | $ 202,750 | |
| Berry Global Group, Inc., 5.5%, 5/15/2022 | 335,000 | 341,281 | ||
| Berry Global Group, Inc., 6%, 10/15/2022 | 165,000 | 169,744 | ||
| Crown American LLC, 4.5%, 1/15/2023 | 326,000 | 326,000 | ||
| Crown Americas LLC/Crown Americas Capital Corp., 4.75%, 2/01/2026 (n) | 140,000 | 134,400 | ||
| Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/2026 | 150,000 | 137,625 | ||
| Flex Acquisition Co., Inc., 6.875%, 1/15/2025 (n) | 265,000 | 255,062 | ||
| Multi-Color Corp., 6.125%, 12/01/2022 (n) | 402,000 | 411,045 | ||
| Reynolds Group, 5.75%, 10/15/2020 | 125,984 | 126,141 | ||
| Reynolds Group, 5.125%, 7/15/2023 (n) | 180,000 | 179,325 | ||
| Sealed Air Corp., 4.875%, 12/01/2022 (n) | 335,000 | 336,675 | ||
| Sealed Air Corp., 5.125%, 12/01/2024 (n) | 95,000 | 96,188 | ||
| Sealed Air Corp., 5.5%, 9/15/2025 (n) | 50,000 | 50,750 | ||
| Silgan Holdings, Inc., 4.75%, 3/15/2025 | 235,000 | 225,013 | ||
| W/S Packaging Group, Inc., 9%, 4/15/2023 (n) | 210,000 | 214,725 | ||
| $ 3,206,724 | ||||
| Electrical Equipment – 1.1% | ||||
| CommScope Technologies LLC, 5%, 3/15/2027 (n) | $ | 575,000 | $ 559,188 | |
| Electronics – 1.6% | ||||
| Qorvo, Inc., 5.5%, 7/15/2026 (n) | $ | 300,000 | $ 301,500 | |
| Sensata Technologies B.V., 5.625%, 11/01/2024 (n) | 155,000 | 160,425 | ||
| Sensata Technologies B.V., 5%, 10/01/2025 (n) | 375,000 | 374,063 | ||
| $ 835,988 | ||||
| Energy - Independent – 8.5% | ||||
| Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.875%, 12/15/2024 | $ | 395,000 | $ 387,594 | |
| Callon Petroleum Co., 6.375%, 7/01/2026 | 100,000 | 102,500 | ||
| CrownRock LP/CrownRock Finance, Inc., 5.625%, 10/15/2025 (n) | 330,000 | 320,925 | ||
| Diamondback Energy, Inc., 5.375%, 5/31/2025 | 585,000 | 598,162 | ||
| Gulfport Energy Corp., 6%, 10/15/2024 | 280,000 | 276,500 | ||
| Gulfport Energy Corp., 6.375%, 5/15/2025 | 185,000 | 183,381 | ||
| Indigo Natural Resources LLC, 6.875%, 2/15/2026 (n) | 270,000 | 260,550 | ||
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6%, 8/01/2026 (n) | 210,000 | 210,525 | ||
3
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Energy - Independent – continued | ||||
| Oasis Petroleum, Inc., 6.25%, 5/01/2026 (z) | $ | 110,000 | $ 111,925 | |
| Parsley Energy LLC/Parsley Finance Corp., 5.25%, 8/15/2025 (n) | 70,000 | 69,475 | ||
| Parsley Energy LLC/Parsley Finance Corp., 5.625%, 10/15/2027 (n) | 425,000 | 430,312 | ||
| PDC Energy, Inc., 6.125%, 9/15/2024 | 295,000 | 293,525 | ||
| QEP Resources, Inc., 5.25%, 5/01/2023 | 370,000 | 360,750 | ||
| QEP Resources, Inc., 5.625%, 3/01/2026 | 220,000 | 210,375 | ||
| Sanchez Energy Corp., 6.125%, 1/15/2023 | 210,000 | 118,577 | ||
| SM Energy Co., 6.75%, 9/15/2026 | 395,000 | 409,319 | ||
| $ 4,344,395 | ||||
| Entertainment – 2.6% | ||||
| Cedar Fair LP, 5.375%, 6/01/2024 | $ | 95,000 | $ 95,119 | |
| Cinemark USA, Inc., 5.125%, 12/15/2022 | 165,000 | 165,825 | ||
| Cinemark USA, Inc., 4.875%, 6/01/2023 | 280,000 | 276,500 | ||
| Live Nation Entertainment, Inc., 5.625%, 3/15/2026 (n) | 225,000 | 226,125 | ||
| Six Flags Entertainment Corp., 4.875%, 7/31/2024 (n) | 605,000 | 594,412 | ||
| $ 1,357,981 | ||||
| Financial Institutions – 1.7% | ||||
| Navient Corp., 7.25%, 1/25/2022 | $ | 115,000 | $ 121,613 | |
| Navient Corp., 7.25%, 9/25/2023 | 245,000 | 258,475 | ||
| Park Aerospace Holdings Ltd., 5.5%, 2/15/2024 (n) | 475,000 | 488,062 | ||
| $ 868,150 | ||||
| Food & Beverages – 4.9% | ||||
| Aramark Services, Inc., 4.75%, 6/01/2026 | $ | 275,000 | $ 270,875 | |
| Aramark Services, Inc., 5%, 2/01/2028 (n) | 195,000 | 190,856 | ||
| Cott Holdings, Inc., 5.5%, 4/01/2025 (n) | 385,000 | 377,050 | ||
| JBS USA LLC/JBS USA Finance, Inc., 6.75%, 2/15/2028 (n) | 65,000 | 62,400 | ||
| JBS USA Lux S.A./JBS USA Finance, Inc., 5.875%, 7/15/2024 (n) | 355,000 | 341,687 | ||
| Lamb Weston Holdings, Inc., 4.625%, 11/01/2024 (n) | 215,000 | 211,238 | ||
| Lamb Weston Holdings, Inc., 4.875%, 11/01/2026 (n) | 120,000 | 118,200 | ||
| Pilgrim's Pride Corp., 5.875%, 9/30/2027 (n) | 345,000 | 327,750 | ||
| Pinnacle Foods Finance LLC/Pinnacle Foods Finance Corp., 5.875%, 1/15/2024 | 230,000 | 241,500 | ||
| U.S. Foods Holding Corp., 5.875%, 6/15/2024 (n) | 370,000 | 372,775 | ||
| $ 2,514,331 | ||||
| Gaming & Lodging – 5.2% | ||||
| CCM Merger, Inc., 6%, 3/15/2022 (n) | $ | 230,000 | $ 233,450 | |
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 11/01/2023 | 155,000 | 163,138 | ||
| GLP Capital LP/GLP Financing II, Inc., 5.25%, 6/01/2025 | 220,000 | 228,800 | ||
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 4/15/2026 | 40,000 | 41,538 | ||
| Hilton Domestic Operating Co., Inc., 5.125%, 5/01/2026 (n) | 250,000 | 250,312 | ||
| Hilton Worldwide Finance LLC, 4.625%, 4/01/2025 | 310,000 | 306,125 | ||
| MGM Resorts International, 6.625%, 12/15/2021 | 135,000 | 142,763 | ||
| MGM Resorts International, 6%, 3/15/2023 | 140,000 | 145,341 | ||
| MGM Resorts International, 5.75%, 6/15/2025 | 370,000 | 372,590 | ||
| Ryman Hospitality Properties, Inc., REIT, 5%, 4/15/2021 | 305,000 | 307,525 | ||
| Ryman Hospitality Properties, Inc., REIT, 5%, 4/15/2023 | 200,000 | 199,940 | ||
| Wyndham Hotels Group, LLC, 5.375%, 4/15/2026 (n) | 285,000 | 282,862 | ||
| $ 2,674,384 | ||||
| Industrial – 1.2% | ||||
| Cleaver Brooks, Inc., 7.875%, 3/01/2023 (n) | $ | 250,000 | $ 258,125 | |
| KAR Auction Services, Inc., 5.125%, 6/01/2025 (n) | 375,000 | 367,500 | ||
| $ 625,625 | ||||
| Insurance – 0.4% | ||||
| AssuredPartners Inc., 7%, 8/15/2025 (n) | $ | 230,000 | $ 225,400 | |
4
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Insurance - Health – 1.1% | ||||
| Centene Corp., 6.125%, 2/15/2024 | $ | 185,000 | $ 194,481 | |
| Centene Corp., 5.375%, 6/01/2026 (n) | 335,000 | 345,831 | ||
| $ 540,312 | ||||
| Insurance - Property & Casualty – 1.0% | ||||
| Hub International Ltd., 7%, 5/01/2026 (n) | $ | 255,000 | $ 253,355 | |
| Wand Merger Corp., 8.125%, 7/15/2023 (n) | 250,000 | 259,375 | ||
| $ 512,730 | ||||
| Machinery & Tools – 0.5% | ||||
| Ashtead Capital, Inc., 5.625%, 10/01/2024 (n) | $ | 265,000 | $ 274,938 | |
| Major Banks – 0.8% | ||||
| UBS Group AG, 6.875%, 12/29/2049 | $ | 400,000 | $ 408,726 | |
| Medical & Health Technology & Services – 7.9% | ||||
| Avantor, Inc., 9%, 10/01/2025 (n) | $ | 195,000 | $ 201,094 | |
| DaVita, Inc., 5.125%, 7/15/2024 | 110,000 | 106,053 | ||
| DaVita, Inc., 5%, 5/01/2025 | 235,000 | 222,663 | ||
| HCA, Inc., 7.5%, 2/15/2022 | 345,000 | 378,637 | ||
| HCA, Inc., 5%, 3/15/2024 | 265,000 | 270,963 | ||
| HCA, Inc., 5.375%, 2/01/2025 | 330,000 | 333,772 | ||
| HCA, Inc., 5.875%, 2/15/2026 | 435,000 | 449,681 | ||
| HealthSouth Corp., 5.125%, 3/15/2023 | 385,000 | 384,037 | ||
| Heartland Dental, LLC, 8.5%, 5/01/2026 (n) | 205,000 | 194,238 | ||
| Polaris, 8.5%, (0.001% cash or 8.5% PIK) 12/01/2022 (n)(p) | 250,000 | 258,125 | ||
| Quintiles IMS Holdings, Inc., 5%, 10/15/2026 (n) | 200,000 | 197,500 | ||
| Tenet Healthcare Corp., 8.125%, 4/01/2022 | 225,000 | 237,656 | ||
| Tenet Healthcare Corp., 6.75%, 6/15/2023 | 230,000 | 230,000 | ||
| Universal Health Services, Inc., 7.625%, 8/15/2020 | 340,000 | 340,850 | ||
| West Street Merger Sub, Inc., 6.375%, 9/01/2025 (n) | 245,000 | 240,100 | ||
| $ 4,045,369 | ||||
| Medical Equipment – 1.1% | ||||
| Teleflex, Inc., 5.25%, 6/15/2024 | $ | 240,000 | $ 246,600 | |
| Teleflex, Inc., 4.875%, 6/01/2026 | 105,000 | 103,425 | ||
| Teleflex, Inc., 4.625%, 11/15/2027 | 200,000 | 190,500 | ||
| $ 540,525 | ||||
| Metals & Mining – 7.0% | ||||
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP, 8.75%, 7/15/2026 (n) | $ | 240,000 | $ 238,800 | |
| First Quantum Minerals Ltd., 7%, 2/15/2021 (n) | 130,000 | 128,619 | ||
| First Quantum Minerals Ltd., 7.25%, 4/01/2023 (n) | 200,000 | 195,500 | ||
| Freeport-McMoRan Copper & Gold, Inc., 3.875%, 3/15/2023 | 105,000 | 100,931 | ||
| Freeport-McMoRan Copper & Gold, Inc., 5.4%, 11/14/2034 | 180,000 | 166,219 | ||
| Freeport-McMoRan, Inc., 6.875%, 2/15/2023 | 598,000 | 638,365 | ||
| Kaiser Aluminum Corp., 5.875%, 5/15/2024 | 410,000 | 420,250 | ||
| Kinross Gold Corp., 5.95%, 3/15/2024 | 53,000 | 54,458 | ||
| Kinross Gold Corp., 4.5%, 7/15/2027 | 36,000 | 32,670 | ||
| Lundin Mining Corp., 7.875%, 11/01/2022 (n) | 150,000 | 156,750 | ||
| Northwest Acquisitions ULC/Dominion Finco, Inc., 7.125%, 11/01/2022 (n) | 355,000 | 362,544 | ||
| Novelis Corp., 5.875%, 9/30/2026 (n) | 415,000 | 404,127 | ||
| Petra Diamonds U.S. Treasury PLC, 7.25%, 5/01/2022 (n) | 200,000 | 192,500 | ||
| Steel Dynamics, Inc., 5.25%, 4/15/2023 | 160,000 | 162,448 | ||
| Steel Dynamics, Inc., 5.5%, 10/01/2024 | 115,000 | 117,875 | ||
| TMS International Corp., 7.25%, 8/15/2025 (n) | 205,000 | 206,537 | ||
| $ 3,578,593 | ||||
5
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Midstream – 7.3% | ||||
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.125%, 11/15/2022 (n) | $ | 190,000 | $ 193,796 | |
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.625%, 7/15/2026 (n) | 165,000 | 166,238 | ||
| Cheniere Energy, Inc., 5.875%, 3/31/2025 | 240,000 | 255,000 | ||
| DCP Midstream Operating LP, 4.95%, 4/01/2022 | 170,000 | 172,550 | ||
| DCP Midstream Operating LP, 3.875%, 3/15/2023 | 215,000 | 209,625 | ||
| DCP Midstream Operating LP, 5.375%, 7/15/2025 (n) | 180,000 | 184,500 | ||
| DCP Midstream Operating LP, 5.6%, 4/01/2044 | 130,000 | 124,800 | ||
| Energy Transfer Equity LP, 5.875%, 1/15/2024 | 360,000 | 382,500 | ||
| Energy Transfer Equity LP, 5.5%, 6/01/2027 | 195,000 | 204,506 | ||
| EnLink Midstream Partners LP, 4.4%, 4/01/2024 | 285,000 | 277,863 | ||
| Tallgrass Energy LP, 5.5%, 1/15/2028 (n) | 655,000 | 661,550 | ||
| Targa Resources Partners LP/Targa Resources Finance Corp., 5.25%, 5/01/2023 | 170,000 | 172,125 | ||
| Targa Resources Partners LP/Targa Resources Finance Corp., 5.125%, 2/01/2025 (n) | 200,000 | 201,000 | ||
| Targa Resources Partners LP/Targa Resources Finance Corp., 5.375%, 2/01/2027 | 520,000 | 517,400 | ||
| $ 3,723,453 | ||||
| Network & Telecom – 1.0% | ||||
| Zayo Group LLC/Zayo Capital, Inc., 6.375%, 5/15/2025 | $ | 190,000 | $ 198,550 | |
| Zayo Group LLC/Zayo Capital, Inc., 5.75%, 1/15/2027 (n) | 315,000 | 315,788 | ||
| $ 514,338 | ||||
| Oil Services – 2.4% | ||||
| Apergy Corp., 6.375%, 5/01/2026 (n) | $ | 305,000 | $ 311,863 | |
| Bristow Group, Inc., 6.25%, 10/15/2022 | 298,000 | 210,090 | ||
| Diamond Offshore Drill Co., 7.875%, 8/15/2025 | 140,000 | 142,800 | ||
| Diamond Offshore Drill Co., 5.7%, 10/15/2039 | 335,000 | 266,325 | ||
| Trinidad Drilling Ltd., 6.625%, 2/15/2025 (n) | 305,000 | 301,950 | ||
| $ 1,233,028 | ||||
| Oils – 0.9% | ||||
| Parkland Fuel Corp., 6%, 4/01/2026 (n) | $ | 440,000 | $ 440,000 | |
| Pharmaceuticals – 1.5% | ||||
| Mallinckrodt International Finance S.A., 5.75%, 8/01/2022 (n) | $ | 210,000 | $ 195,825 | |
| Mallinckrodt International Finance S.A., 5.625%, 10/15/2023 (n) | 95,000 | 84,669 | ||
| Valeant Pharmaceuticals International, Inc., 5.5%, 3/01/2023 (n) | 290,000 | 273,362 | ||
| Valeant Pharmaceuticals International, Inc., 6.125%, 4/15/2025 (n) | 230,000 | 213,900 | ||
| $ 767,756 | ||||
| Precious Metals & Minerals – 0.5% | ||||
| Teck Resources Ltd., 6%, 8/15/2040 | $ | 30,000 | $ 30,825 | |
| Teck Resources Ltd., 6.25%, 7/15/2041 | 210,000 | 221,088 | ||
| $ 251,913 | ||||
| Printing & Publishing – 0.5% | ||||
| Nielsen Co. Lux S.A.R.L., 5%, 2/01/2025 (z) | $ | 35,000 | $ 33,950 | |
| Nielsen Finance LLC, 5%, 4/15/2022 (n) | 237,000 | 230,139 | ||
| $ 264,089 | ||||
| Real Estate - Healthcare – 1.3% | ||||
| MPT Operating Partnership LP/MPT Financial Co., REIT, 5.25%, 8/01/2026 | $ | 325,000 | $ 325,000 | |
| MPT Operating Partnership LP/MPT Financial Co., REIT, 5%, 10/15/2027 | 360,000 | 352,800 | ||
| $ 677,800 | ||||
| Real Estate - Other – 1.2% | ||||
| CyrusOne LP/CyrusOne Finance Corp., REIT, 5%, 3/15/2024 | $ | 385,000 | $ 389,813 | |
| CyrusOne LP/CyrusOne Finance Corp., REIT, 5.375%, 3/15/2027 | 215,000 | 216,075 | ||
| $ 605,888 | ||||
6
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Restaurants – 1.4% | ||||
| Golden Nugget, Inc., 6.75%, 10/15/2024 (n) | $ | 205,000 | $ 208,331 | |
| IRB Holding Corp., 6.75%, 2/15/2026 (n) | 200,000 | 191,000 | ||
| KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.25%, 6/01/2026 (n) | 340,000 | 340,000 | ||
| $ 739,331 | ||||
| Retailers – 1.3% | ||||
| DriveTime Automotive Group, Inc./DT Acceptance Corp., 8%, 6/01/2021 (n) | $ | 220,000 | $ 223,575 | |
| Hanesbrands, Inc., 4.625%, 5/15/2024 (n) | 90,000 | 87,750 | ||
| Hanesbrands, Inc., 4.875%, 5/15/2026 (n) | 355,000 | 341,688 | ||
| $ 653,013 | ||||
| Specialty Chemicals – 1.4% | ||||
| A Schulman, Inc., 6.875%, 6/01/2023 | $ | 255,000 | $ 268,490 | |
| Univar USA, Inc., 6.75%, 7/15/2023 (n) | 430,000 | 443,437 | ||
| $ 711,927 | ||||
| Specialty Stores – 0.2% | ||||
| Penske Automotive Group Co., 5.375%, 12/01/2024 | $ | 40,000 | $ 39,450 | |
| Penske Automotive Group Co., 5.5%, 5/15/2026 | 85,000 | 83,300 | ||
| $ 122,750 | ||||
| Supermarkets – 0.5% | ||||
| Albertsons Cos. LLC/Safeway Co., 6.625%, 6/15/2024 | $ | 290,000 | $ 279,850 | |
| Telecommunications - Wireless – 5.8% | ||||
| Altice France S.A., 8.125%, 2/01/2027 (n) | $ | 200,000 | $ 203,000 | |
| Altice Luxembourg S.A., 7.75%, 5/15/2022 (n) | 200,000 | 192,750 | ||
| Altice Luxembourg S.A., 7.625%, 2/15/2025 (n) | 200,000 | 184,858 | ||
| Digicel Group Ltd., 6.75%, 3/01/2023 (n) | 225,000 | 189,562 | ||
| SBA Communications Corp., 4%, 10/01/2022 | 360,000 | 351,986 | ||
| SBA Communications Corp., 4.875%, 9/01/2024 | 145,000 | 143,072 | ||
| Sprint Corp., 7.875%, 9/15/2023 | 275,000 | 295,969 | ||
| Sprint Corp., 7.125%, 6/15/2024 | 410,000 | 425,375 | ||
| Sprint Nextel Corp., 6%, 11/15/2022 | 325,000 | 328,962 | ||
| T-Mobile USA, Inc., 6.5%, 1/15/2024 | 95,000 | 98,325 | ||
| T-Mobile USA, Inc., 5.125%, 4/15/2025 | 195,000 | 196,552 | ||
| T-Mobile USA, Inc., 6.5%, 1/15/2026 | 195,000 | 206,152 | ||
| T-Mobile USA, Inc., 5.375%, 4/15/2027 | 165,000 | 165,858 | ||
| $ 2,982,421 | ||||
| Telephone Services – 0.9% | ||||
| Level 3 Financing, Inc., 5.375%, 1/15/2024 | $ | 130,000 | $ 130,000 | |
| Level 3 Financing, Inc., 5.375%, 5/01/2025 | 350,000 | 345,625 | ||
| $ 475,625 | ||||
| Transportation - Services – 0.8% | ||||
| Navios Maritime Holding, Inc., 7.375%, 1/15/2022 (n) | $ | 170,000 | $ 141,100 | |
| Navios South American Logistics, Inc./Navios Logistics Finance (U.S.), Inc., 7.25%, 5/01/2022 | 110,000 | 104,225 | ||
| Syncreon Group BV/Syncre, 8.625%, 11/01/2021 (n) | 200,000 | 174,000 | ||
| $ 419,325 | ||||
| Utilities - Electric Power – 3.4% | ||||
| Calpine Corp., 5.25%, 6/01/2026 (n) | $ | 190,000 | $ 179,375 | |
| Covanta Holding Corp., 6.375%, 10/01/2022 | 70,000 | 71,313 | ||
| Covanta Holding Corp., 5.875%, 3/01/2024 | 235,000 | 236,763 | ||
| Covanta Holding Corp., 5.875%, 7/01/2025 | 320,000 | 319,030 | ||
| Drax Finco PLC, 6.625%, 11/01/2025 (n) | 220,000 | 223,850 | ||
| NextEra Energy Operating Co., 4.25%, 9/15/2024 (n) | 345,000 | 336,375 | ||
7
Portfolio of Investments (unaudited) – continued
| Issuer | Shares/Par | Value ($) | ||
| Bonds – continued | ||||
| Utilities - Electric Power – continued | ||||
| Pattern Energy Group, Inc., 5.875%, 2/01/2024 (n) | $ | 360,000 | $ 362,700 | |
| $ 1,729,406 | ||||
| Total Bonds | $69,422,758 | |||
| Floating Rate Loans (g)(r) – 0.6% | ||||
| Conglomerates – 0.1% | ||||
| Entegris, Inc., Term Loan B, 4.375%, 4/30/2021 | $ | 56,703 | $ 56,420 | |
| Consumer Products – 0.2% | ||||
| Spectrum Brands, Inc., Term Loan B, 4.348%, 6/23/2022 | $ | 67,103 | $ 67,113 | |
| Medical & Health Technology & Services – 0.3% | ||||
| DaVita HealthCare Partners, Inc., Term Loan B, 4.825%, 6/24/2021 | $ | 161,224 | $ 161,771 | |
| Total Floating Rate Loans | $ 285,304 | |||
| Common Stocks – 0.3% | ||||
| Oil Services – 0.3% | ||||
| LTRI Holdings LP (a)(u) | 200 | $ 177,884 | ||
| Strike
Price |
First
Exercise |
|||
| Warrants – 0.0% | ||||
| Forest & Paper Products – 0.0% | ||||
| Appvion Holdings Corp. - Tranche A (1 share for 1 warrant) (a) | $27.17 | 8/24/18 | 85 | $ 0 |
| Appvion Holdings Corp. - Tranche B (1 share for 1 warrant) (a) | $31.25 | 8/24/18 | 85 | 0 |
| $ 0 | ||||
| Investment Companies (h) – 4.8% | ||||
| Money Market Funds – 4.8% | ||||
| MFS Institutional Money Market Portfolio, 2.03% (v) | 2,450,340 | $ 2,450,340 | ||
| Other Assets, Less Liabilities – (41.0)% | (21,039,263) | |||
| Net Assets – 100.0% | $51,297,023 | |||
| (a) | Non-income producing security. |
| (d) | In default. |
| (g) | The rate shown represents a weighted average coupon rate on settled positions at period end, unless otherwise indicated. |
| (h) | An affiliated issuer, which 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. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $2,450,340 and $69,885,946, respectively. |
| (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 $40,867,134, representing 79.7% of net assets. |
| (p) | Payment-in-kind (PIK) security for which interest income may be received in additional securities and/or cash. |
| (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. |
| (u) | The security was valued using significant unobservable inputs and is considered level 3 under the fair value hierarchy. |
| (v) | Affiliated issuer 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. |
8
Portfolio of Investments (unaudited) – continued
| (z) | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. The fund holds the following restricted securities: |
| Restricted Securities | Acquisition
Date |
Cost | Value |
| Interval Acquisition Corp., 5.625%, 4/15/2023 | 4/02/15-2/10/16 | $270,214 | $272,025 |
| MDC Partners, Inc., 6.5%, 5/01/2024 | 8/16/18 | 63,380 | 62,738 |
| Nielsen Co. Lux S.A.R.L., 5%, 2/01/2025 | 8/16/18 | 33,257 | 33,950 |
| Oasis Petroleum, Inc., 6.25%, 5/01/2026 | 8/17/18-8/27/18 | 112,032 | 111,925 |
| Total Restricted Securities | $480,638 | ||
| % of Net assets | 0.9% |
| The following abbreviations are used in this report and are defined: | |
| 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 8/31/18 | ||||||
| Forward Foreign Currency Exchange Contracts | ||||||
| Currency
Purchased |
Currency
Sold |
Counterparty | Settlement
Date |
Unrealized
Appreciation (Depreciation) | ||
| Asset Derivatives | ||||||
| USD | 217,328 | EUR | 184,941 | Goldman Sachs International | 10/17/2018 | $1,972 |
| Futures Contracts | ||||||
| Description | Long/
Short |
Currency | Contracts | Notional
Amount |
Expiration
Date |
Value/Unrealized
Appreciation (Depreciation) |
| Liability Derivatives | ||||||
| Interest Rate Futures | ||||||
| German Euro-Bund 10 yr | Short | EUR | 1 | $189,516 | September – 2018 | $(2,221) |
| U.S. Treasury Note 10 yr | Short | USD | 7 | 841,859 | December – 2018 | (1,720) |
| $(3,941) | ||||||
At August 31, 2018, the fund had
cash collateral of $10,216 to cover any collateral or margin obligations 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.
9
Supplemental Information
8/31/18 (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
Equity securities, including restricted equity securities, are
generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted
daily bid quotation on their primary market or exchange as provided by a third-party pricing service. 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. 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 on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange
as provided by a third-party pricing service. 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. In determining values, 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, such as futures contracts and forward foreign currency exchange contracts. The following is a summary of the levels used as of August 31, 2018 in valuing the fund's assets or liabilities:
| Financial Instruments | Level 1 | Level 2 | Level 3 | Total |
| Equity Securities | $— | $— | $177,884 | $177,884 |
| U.S. Corporate Bonds | — | 58,263,185 | — | 58,263,185 |
| Foreign Bonds | — | 11,159,573 | — | 11,159,573 |
| Floating Rate Loans | — | 285,304 | — | 285,304 |
| Mutual Funds | 2,450,340 | — | — | 2,450,340 |
| Total | $2,450,340 | $69,708,062 | $177,884 | $72,336,286 |
| Other Financial Instruments | ||||
| Futures Contracts - Liabilities | $(3,941) | $— | $— | $(3,941) |
| Forward Foreign Currency Exchange Contracts - Assets | — | 1,972 | — | 1,972 |
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
10
Supplemental Information (unaudited) – continued
presents the activity
of level 3 securities held at the beginning and the end of the period.
| Equity Securities | |
| Balance as of 11/30/17 | $177,884 |
| Change in unrealized appreciation or depreciation | 0 |
| Balance as of 8/31/18 | $177,884 |
The net change in unrealized
appreciation or depreciation from investments held as level 3 at August 31, 2018 is $0. At August 31, 2018, the fund held one level 3 security.
(2) Investments in 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:
| Affiliated Issuers | Beginning
Shares/Par Amount |
Acquisitions
Shares/Par Amount |
Dispositions
Shares/Par Amount |
Ending
Shares/Par Amount |
| MFS Institutional Money Market Portfolio | 3,194,953 | 15,397,800 | (16,142,413) | 2,450,340 |
| Affiliated Issuers | Realized
Gain (Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Capital
Gain Distributions |
Dividend
Income |
Ending
Value |
| MFS Institutional Money Market Portfolio | $(344) | $587 | $— | $25,937 | $2,450,340 |
11
| 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 as EX-99.CERT.
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)* | DAVID L. DILORENZO | |
| David L. DiLorenzo, President |
Date: October 16, 2018
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)* | DAVID L. DILORENZO | |
| David L. DiLorenzo, President (Principal Executive Officer) |
Date: October 16, 2018
| By (Signature and Title)* | JAMES O. YOST | |
| James O. Yost, Treasurer (Principal Financial Officer and Accounting Officer) |
Date: October 16, 2018
| * | Print name and title of each signing officer under his or her signature. |