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 811-21780
MFS SERIES TRUST XII
(Exact name of registrant as specified in charter)
111 Huntington
Avenue, Boston, Massachusetts 02199
(Address of principal executive offices) (Zip code)
Susan S. Newton
Massachusetts Financial Services Company
111 Huntington Avenue
Boston, Massachusetts 02199
(Name and address of agents for service)
Registrants telephone number, including
area code: (617) 954-5000
Date of fiscal year end: October 31
Date of reporting period: January 31, 2014*
*
|
This Form N-Q pertains only to the following series of the Registrant: MFS Equity Opportunities Fund.
|
ITEM 1.
|
SCHEDULE OF INVESTMENTS.
|
QUARTERLY REPORT
January 31, 2014
MFS® EQUITY
OPPORTUNITIES FUND
PORTFOLIO OF INVESTMENTS
1/31/14 (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 ($)
|
|
|
|
|
|
|
|
|
|
|
Common Stocks - 99.1%
|
|
|
|
|
|
|
|
|
Airlines - 2.6%
|
|
|
|
|
|
|
|
|
Copa Holdings S.A., A
|
|
|
78,306
|
|
|
$
|
10,234,594
|
|
|
|
|
Automotive - 4.0%
|
|
|
|
|
|
|
|
|
General Motors Co.
|
|
|
184,220
|
|
|
$
|
6,646,658
|
|
TRW Automotive Holdings Corp. (a)
|
|
|
118,390
|
|
|
|
8,778,619
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
15,425,277
|
|
Business Services - 3.6%
|
|
|
|
|
|
|
|
|
FleetCor Technologies, Inc. (a)
|
|
|
132,780
|
|
|
$
|
14,117,170
|
|
|
|
|
Cable TV - 2.8%
|
|
|
|
|
|
|
|
|
Time Warner Cable, Inc.
|
|
|
81,050
|
|
|
$
|
10,801,534
|
|
|
|
|
Computer Software - 6.7%
|
|
|
|
|
|
|
|
|
Aspen Technology, Inc. (a)
|
|
|
238,550
|
|
|
$
|
10,870,724
|
|
PTC, Inc. (a)
|
|
|
255,530
|
|
|
|
9,117,310
|
|
Symantec Corp.
|
|
|
287,457
|
|
|
|
6,154,454
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,142,488
|
|
Computer Software - Systems - 4.9%
|
|
|
|
|
|
|
|
|
Fleetmatics Group PLC (a)
|
|
|
234,440
|
|
|
$
|
9,379,944
|
|
Hewlett-Packard Co.
|
|
|
327,230
|
|
|
|
9,489,670
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,869,614
|
|
Consumer Services - 4.2%
|
|
|
|
|
|
|
|
|
ITT Educational Services, Inc. (a)
|
|
|
256,780
|
|
|
$
|
7,549,332
|
|
Priceline.com, Inc. (a)
|
|
|
7,675
|
|
|
|
8,787,031
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
16,336,363
|
|
Containers - 2.7%
|
|
|
|
|
|
|
|
|
Packaging Corp. of America
|
|
|
160,440
|
|
|
$
|
10,364,424
|
|
|
|
|
Energy - Independent - 7.7%
|
|
|
|
|
|
|
|
|
Anadarko Petroleum Corp.
|
|
|
87,350
|
|
|
$
|
7,048,272
|
|
Marathon Petroleum Corp.
|
|
|
78,610
|
|
|
|
6,843,001
|
|
SM Energy Co.
|
|
|
97,480
|
|
|
|
8,067,445
|
|
Valero Energy Corp.
|
|
|
153,570
|
|
|
|
7,847,427
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,806,145
|
|
Energy - Integrated - 1.9%
|
|
|
|
|
|
|
|
|
Hess Corp.
|
|
|
99,750
|
|
|
$
|
7,530,128
|
|
|
|
|
Food & Drug Stores - 2.3%
|
|
|
|
|
|
|
|
|
Kroger Co.
|
|
|
244,030
|
|
|
$
|
8,809,483
|
|
|
|
|
General Merchandise - 2.3%
|
|
|
|
|
|
|
|
|
Macys, Inc.
|
|
|
164,980
|
|
|
$
|
8,776,936
|
|
|
|
|
Health Maintenance Organizations - 2.2%
|
|
|
|
|
|
|
|
|
Aetna, Inc.
|
|
|
124,600
|
|
|
$
|
8,513,918
|
|
|
|
|
Insurance - 9.7%
|
|
|
|
|
|
|
|
|
American International Group, Inc.
|
|
|
166,770
|
|
|
$
|
7,998,289
|
|
Everest Re Group Ltd.
|
|
|
58,587
|
|
|
|
8,481,054
|
|
1
Portfolio of Investments (unaudited) continued
|
|
|
|
|
|
|
|
|
Issuer
|
|
Shares/Par
|
|
|
Value ($)
|
|
|
|
|
|
|
|
|
|
|
Common Stocks - continued
|
|
|
|
|
|
|
|
|
Insurance - continued
|
|
|
|
|
|
|
|
|
MetLife, Inc.
|
|
|
127,730
|
|
|
$
|
6,265,157
|
|
Travelers Cos., Inc.
|
|
|
107,990
|
|
|
|
8,777,427
|
|
Validus Holdings Ltd.
|
|
|
169,350
|
|
|
|
6,083,052
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
37,604,979
|
|
Internet - 3.1%
|
|
|
|
|
|
|
|
|
Facebook, Inc., A (a)
|
|
|
190,450
|
|
|
$
|
11,916,457
|
|
|
|
|
Major Banks - 4.0%
|
|
|
|
|
|
|
|
|
JPMorgan Chase & Co.
|
|
|
129,210
|
|
|
$
|
7,153,066
|
|
Wells Fargo & Co.
|
|
|
187,620
|
|
|
|
8,506,691
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
15,659,757
|
|
Medical Equipment - 2.3%
|
|
|
|
|
|
|
|
|
Abbott Laboratories
|
|
|
240,170
|
|
|
$
|
8,804,632
|
|
|
|
|
Other Banks & Diversified Financials - 7.8%
|
|
|
|
|
|
|
|
|
Citigroup, Inc.
|
|
|
160,030
|
|
|
$
|
7,590,223
|
|
Discover Financial Services
|
|
|
239,660
|
|
|
|
12,857,759
|
|
Fifth Third Bancorp
|
|
|
458,040
|
|
|
|
9,628,001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
30,075,983
|
|
Pharmaceuticals - 7.8%
|
|
|
|
|
|
|
|
|
Endo Health Solutions, Inc. (a)
|
|
|
188,680
|
|
|
$
|
12,430,238
|
|
Forest Laboratories, Inc. (a)
|
|
|
136,280
|
|
|
|
9,035,364
|
|
Pfizer, Inc.
|
|
|
286,220
|
|
|
|
8,701,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
30,166,690
|
|
Real Estate - 2.3%
|
|
|
|
|
|
|
|
|
Weyerhaeuser Co., REIT
|
|
|
293,550
|
|
|
$
|
8,771,274
|
|
|
|
|
Specialty Stores - 2.0%
|
|
|
|
|
|
|
|
|
Childrens Place Retail Stores, Inc. (a)
|
|
|
147,780
|
|
|
$
|
7,783,573
|
|
|
|
|
Tobacco - 1.9%
|
|
|
|
|
|
|
|
|
Lorillard, Inc.
|
|
|
152,540
|
|
|
$
|
7,508,019
|
|
|
|
|
Trucking - 4.6%
|
|
|
|
|
|
|
|
|
Atlas Air Worldwide Holdings, Inc. (a)
|
|
|
181,930
|
|
|
$
|
6,427,587
|
|
Swift Transportation Co. (a)
|
|
|
522,672
|
|
|
|
11,394,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
17,821,837
|
|
Utilities - Electric Power - 5.7%
|
|
|
|
|
|
|
|
|
AES Corp.
|
|
|
458,520
|
|
|
$
|
6,446,791
|
|
Edison International
|
|
|
140,250
|
|
|
|
6,754,440
|
|
Great Plains Energy, Inc.
|
|
|
362,490
|
|
|
|
8,946,249
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
22,147,480
|
|
Total Common Stocks
|
|
|
|
|
|
$
|
383,988,755
|
|
|
|
|
Money Market Funds - 1.8%
|
|
|
|
|
|
|
|
|
MFS Institutional Money Market Portfolio, 0.09%, at Net Asset Value (v)
|
|
|
7,013,192
|
|
|
$
|
7,013,192
|
|
Total Investments
|
|
|
|
|
|
$
|
391,001,947
|
|
|
|
|
Other Assets, Less Liabilities - (0.9)%
|
|
|
|
|
|
|
(3,469,178
|
)
|
Net Assets - 100.0%
|
|
|
|
|
|
$
|
387,532,769
|
|
2
Portfolio of Investments (unaudited) continued
(a)
|
Non-income producing security.
|
(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.
|
The following abbreviations are used in this report and are defined:
|
|
|
PLC
|
|
Public Limited Company
|
REIT
|
|
Real Estate Investment Trust
|
See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent
semiannual or annual report.
3
Supplemental Information
1/31/14 (unaudited)
(1) Investment Valuations
Equity securities, including restricted equity securities, are generally valued at the last sale or official closing price as provided by a third-party pricing service on the market or exchange on which they are
primarily traded. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation as provided by a third-party pricing service on the market or exchange on which such securities are
primarily traded. Short-term instruments with a maturity at issuance of 60 days or less generally are valued at amortized cost, which approximates market value. 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 Board of Trustees
has delegated primary responsibility for determining or causing to be determined the value of the funds 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
funds 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 investments 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 funds net asset value, or after the halting of trading of a specific security where trading does not
resume prior to the close of the exchange or market on which the security is principally traded. Events that occur on a frequent basis after foreign markets close (such as developments in foreign markets and significant movements in the U.S.
markets) and prior to the determination of the funds net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the funds foreign equity securities may often be valued at
fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the
security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the
funds 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 funds 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 funds 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 investments level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value
measurement. The funds 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 advisers own assumptions in determining the fair value of investments. The following is a summary of the levels used as of January 31, 2014 in valuing the funds assets or liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments at Value
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
|
Total
|
|
Equity Securities
|
|
|
$383,988,755
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$383,988,755
|
|
Mutual Funds
|
|
|
7,013,192
|
|
|
|
|
|
|
|
|
|
|
|
7,013,192
|
|
Total Investments
|
|
|
$391,001,947
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$391,001,947
|
|
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
|
|
|
$357,441,687
|
|
Gross unrealized appreciation
|
|
|
42,089,861
|
|
Gross unrealized depreciation
|
|
|
(8,529,601
|
)
|
Net unrealized appreciation (depreciation)
|
|
|
$33,560,260
|
|
The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.
4
Supplemental Information (unaudited) continued
(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
|
|
|
6,924,094
|
|
|
|
63,803,739
|
|
|
|
(63,714,641
|
)
|
|
|
7,013,192
|
|
|
|
|
|
|
Underlying Affiliated Fund
|
|
Realized
Gain (Loss)
|
|
|
Capital Gain
Distributions
|
|
|
Dividend
Income
|
|
|
Ending
Value
|
|
MFS Institutional Money Market Portfolio
|
|
|
$
|
|
|
|
$
|
|
|
|
$1,398
|
|
|
|
$7,013,192
|
|
5
ITEM 2.
|
CONTROLS AND PROCEDURES.
|
(a)
|
Based upon their evaluation of the effectiveness of the registrants 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 registrants 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 Commissions
rules and forms.
|
(b)
|
There were no changes in the registrants internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the
registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting.
|
File as exhibits as part of
this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2): Attached hereto.
Notice
A copy of the Declaration of Trust, as amended, of the Registrant is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that this instrument is executed on
behalf of the Registrant by an officer of the Registrant as an officer and not individually and the obligations of or arising out of this instrument are not binding upon any of the Trustees or shareholders individually, but are binding only upon the
assets and property of the respective constituent series of the Registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Registrant: MFS SERIES TRUST XII
|
|
|
By (Signature and Title)*
|
|
JOHN M. CORCORAN
|
|
|
John M. Corcoran, President
|
Date: March 18, 2014
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)*
|
|
JOHN M. CORCORAN
|
|
|
John M. Corcoran, President (Principal Executive Officer)
|
Date: March 18, 2014
|
|
|
By (Signature and Title)*
|
|
DAVID L. DILORENZO
|
|
|
David L. DiLorenzo, Treasurer (Principal Financial Officer and Accounting Officer)
|
Date: March 18, 2014
*
|
Print name and title of each signing officer under his or her signature.
|
Invent Ventures (PK) (USOTC:IDEA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Invent Ventures (PK) (USOTC:IDEA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024