# EDGAR Filing Document

**Accession Number:** 0000225604
**File Stem:** 0002071691-25-009751
**Filing Date:** 2025-12
**Character Count:** 98282
**Document Hash:** e86800b4f8c102628b46df4ca83eef1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009751.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009751

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST III
- **CENTRAL INDEX KEY:** 0000225604

**ORGANIZATION NAME:**
- **EIN:** 046414785
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02794
- **FILM NUMBER:** 251597558

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST III /MA
- **DATE OF NAME CHANGE:** 19940411

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS HIGH INCOME FUND
- **DATE OF NAME CHANGE:** 19930408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSACHUSETTS FINANCIAL HIGH INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### MFS Global High Yield Fund (Series ID: S000002428)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006484 | A            | MHOAX           |
| C000006485 | B            | MHOBX           |
| C000006486 | C            | MHOCX           |
| C000006487 | I            | MHOIX           |
| C000064677 | R1           | MHORX           |
| C000064678 | R2           | MHOSX           |
| C000064679 | R3           | MHOTX           |
| C000064680 | R4           | MHOUX           |
| C000064681 | R6           | MHOVX           |

## Nport-Ex

HYO-Q3

![](img928ff7771.gif)

**Quarterly Report**

October 31, 2025

MFS<sup>®</sup> Global High Yield Fund

![](img3ac55c0e2.gif)

------

**Portfolio of Investments**

10/31/25 (unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 31.2%  | Bonds – 31.2%  | Bonds – 31.2%  |
| Aerospace & Defense – 0.4% | Aerospace & Defense – 0.4% | Aerospace & Defense – 0.4% |
| Czechoslovak Group A.S., 5.25%, 1/10/2031 (n)  | 638000 | &nbsp;&nbsp;&nbsp; $765438 |
| Automotive – 0.8% | Automotive – 0.8% | Automotive – 0.8% |
| Clarios Global LP/Clarios US Finance Co., 4.75%, 6/15/2031 (n) | 100000 | &nbsp;&nbsp;&nbsp; $117570 |
| Forvia SE, 5.5%, 6/15/2031  | 534000 | &nbsp;&nbsp;&nbsp; 634919 |
| Grupo Antolin Irausa S.A., 10.375%, 1/30/2030  | 267000 | &nbsp;&nbsp;&nbsp; 206181 |
| Mahle GmbH, 6.5%, 5/02/2031  | 356000 | &nbsp;&nbsp;&nbsp; 424173 |
|  |  | &nbsp;&nbsp;&nbsp; $1382843 |
| Broadcasting – 0.2% | Broadcasting – 0.2% | Broadcasting – 0.2% |
| Banijay Group S.A.S., 8.125%, 5/01/2029 (n)  | $294000 | &nbsp;&nbsp;&nbsp; $305125 |
| Business Services – 0.4% | Business Services – 0.4% | Business Services – 0.4% |
| ams-OSRAM AG, 10.5%, 3/30/2029  | 570000 | &nbsp;&nbsp;&nbsp; $701038 |
| Cable TV – 0.6% | Cable TV – 0.6% | Cable TV – 0.6% |
| Summer BidCo B.V., 10% (10% Cash or 10.75% PIK), 2/15/2029 (n)(p) | 586126 | &nbsp;&nbsp;&nbsp; $691872 |
| Ziggo B.V., 2.875%, 1/15/2030 (n) | 260000 | &nbsp;&nbsp;&nbsp; 284436 |
| Ziggo B.V., 2.875%, 1/15/2030  | 100000 | &nbsp;&nbsp;&nbsp; 109399 |
|  |  | &nbsp;&nbsp;&nbsp; $1085707 |
| Chemicals – 1.5% | Chemicals – 1.5% | Chemicals – 1.5% |
| Currenta Group Holdings S.à r.l., 5.5%, 5/15/2030 (n) | 504000 | &nbsp;&nbsp;&nbsp; $589833 |
| INEOS Quattro Finance 2 PLC, 8.5%, 3/15/2029  | 502000 | &nbsp;&nbsp;&nbsp; 535557 |
| Maxam Prill S.à r.l., 6%, 7/15/2030  | 353000 | &nbsp;&nbsp;&nbsp; 413868 |
| Sasol Financing (USA) LLC, 5.5%, 3/18/2031  | $819000 | &nbsp;&nbsp;&nbsp; 695769 |
| SPCM S.A., 2.625%, 2/01/2029  | 456000 | &nbsp;&nbsp;&nbsp; 513879 |
|  |  | &nbsp;&nbsp;&nbsp; $2748906 |
| Conglomerates – 0.3% | Conglomerates – 0.3% | Conglomerates – 0.3% |
| SCC Power PLC, 8%, 12/31/2028 (n) | $850966 | &nbsp;&nbsp;&nbsp; $516962 |
| SCC Power PLC, 4%, 5/17/2032 (n) | 460939 | &nbsp;&nbsp;&nbsp; 92188 |
|  |  | &nbsp;&nbsp;&nbsp; $609150 |
| Consumer Products – 1.0% | Consumer Products – 1.0% | Consumer Products – 1.0% |
| Dometic Group AB, 5%, 9/11/2030  | 512000 | &nbsp;&nbsp;&nbsp; $597730 |
| Flos B&B Italia S.p.A., 10%, 11/15/2028 (n) | 326400 | &nbsp;&nbsp;&nbsp; 391102 |
| Flos B&B ltalia S.p.A., 10%, 11/15/2028  | 120000 | &nbsp;&nbsp;&nbsp; 143787 |
| Opal Bidco S.A.S., 5.5%, 3/31/2032  | 358000 | &nbsp;&nbsp;&nbsp; 428202 |
| Perrigo Finance Unlimited Co., 6.125%, 9/30/2032  | $220000 | &nbsp;&nbsp;&nbsp; 221857 |
|  |  | &nbsp;&nbsp;&nbsp; $1782678 |
| Consumer Services – 1.3% | Consumer Services – 1.3% | Consumer Services – 1.3% |
| Aegis Lux 1A S.à r.l., 5.625%, 10/29/2031 (n)(p) | 421000 | &nbsp;&nbsp;&nbsp; $490709 |
| Amber Finco PLC, 6.625%, 7/15/2029 (n) | 250000 | &nbsp;&nbsp;&nbsp; 302887 |
| Amber Finco PLC, 6.625%, 7/15/2029  | 437000 | &nbsp;&nbsp;&nbsp; 529446 |
| Verisure Midholding AB, 5.25%, 2/15/2029  | 815000 | &nbsp;&nbsp;&nbsp; 944858 |
|  |  | &nbsp;&nbsp;&nbsp; $2267900 |
| Containers – 0.3% | Containers – 0.3% | Containers – 0.3% |
| San Miguel Industrias PET S.A., 3.75%, 8/02/2028 (n)  | $640000 | &nbsp;&nbsp;&nbsp; $611226 |
| Emerging Market Quasi-Sovereign – 2.7% | Emerging Market Quasi-Sovereign – 2.7% | Emerging Market Quasi-Sovereign – 2.7% |
| Bulgarian Energy Holding EAD, 2.45%, 7/22/2028  | 870000 | &nbsp;&nbsp;&nbsp; $967092 |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031 (n) | $731000 | &nbsp;&nbsp;&nbsp; 782607 |
| Petroleos Mexicanos, 6.84%, 1/23/2030  | 289000 | &nbsp;&nbsp;&nbsp; 296648 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Emerging Market Quasi-Sovereign – continued | Emerging Market Quasi-Sovereign – continued | Emerging Market Quasi-Sovereign – continued |
| Petroleos Mexicanos, 10%, 2/07/2033  | $460000 | &nbsp;&nbsp;&nbsp; $538023 |
| Petroleos Mexicanos, 6.5%, 6/02/2041  | 1063000 | &nbsp;&nbsp;&nbsp; 935907 |
| Petroleos Mexicanos, 7.69%, 1/23/2050  | 640000 | &nbsp;&nbsp;&nbsp; 580352 |
| Telecommunications Co. (Republic of Serbia), 7%, 10/28/2029 (n) | 697000 | &nbsp;&nbsp;&nbsp; 699488 |
|  |  | &nbsp;&nbsp;&nbsp; $4800117 |
| Energy - Independent – 0.8% | Energy - Independent – 0.8% | Energy - Independent – 0.8% |
| Azule Energy Finance PLC, 8.125%, 1/23/2030 (n) | $471000 | &nbsp;&nbsp;&nbsp; $473358 |
| Kosmos Energy Ltd., 8.75%, 10/01/2031  | 372000 | &nbsp;&nbsp;&nbsp; 250003 |
| Sierracol Energy Andina LLC, 6%, 6/15/2028 (n) | 250000 | &nbsp;&nbsp;&nbsp; 245312 |
| Trident Energy Finance PLC, 12.5%, 11/30/2029 (n) | 448000 | &nbsp;&nbsp;&nbsp; 457178 |
|  |  | &nbsp;&nbsp;&nbsp; $1425851 |
| Entertainment – 0.4% | Entertainment – 0.4% | Entertainment – 0.4% |
| Pinnacle Bidco PLC, 10%, 10/11/2028  | 560000 | &nbsp;&nbsp;&nbsp; $774207 |
| Financial Institutions – 1.5% | Financial Institutions – 1.5% | Financial Institutions – 1.5% |
| Heimstaden AB, 6.75%, 1/15/2174  | 200000 | &nbsp;&nbsp;&nbsp; $210597 |
| IIFL Finance Ltd., 8.75%, 7/24/2028 (n) | $554000 | &nbsp;&nbsp;&nbsp; 567924 |
| Intrum Investments & Financing AB, 7.75%, 9/11/2028 (n) | 581779 | &nbsp;&nbsp;&nbsp; 586086 |
| Muangthai Capital PCL, 7.55%, 7/21/2030 (n) | $500000 | &nbsp;&nbsp;&nbsp; 516763 |
| Muthoot Finance Ltd., 7.125%, 2/14/2028 (n) | 686000 | &nbsp;&nbsp;&nbsp; 702215 |
| Muthoot Finance Ltd., 6.375%, 3/02/2030 (n) | 200000 | &nbsp;&nbsp;&nbsp; 203212 |
|  |  | &nbsp;&nbsp;&nbsp; $2786797 |
| Food & Beverages – 1.5% | Food & Beverages – 1.5% | Food & Beverages – 1.5% |
| Arcor S.A.I.C., 7.6%, 7/31/2033 (n) | $726000 | &nbsp;&nbsp;&nbsp; $738342 |
| Boparan Finance PLC, 9.375%, 11/07/2029  | 303000 | &nbsp;&nbsp;&nbsp; 421925 |
| Central American Bottling Corp., 5.25%, 4/27/2029 (n) | $716000 | &nbsp;&nbsp;&nbsp; 701811 |
| Grupo Nutresa S.A., 8%, 5/12/2030 (n) | 696000 | &nbsp;&nbsp;&nbsp; 747678 |
|  |  | &nbsp;&nbsp;&nbsp; $2609756 |
| Gaming & Lodging – 1.0% | Gaming & Lodging – 1.0% | Gaming & Lodging – 1.0% |
| 888 Acquisitions Ltd., 10.75%, 5/15/2030  | 370000 | &nbsp;&nbsp;&nbsp; $477156 |
| Lottomatica S.p.A./Roma, 5.375%, 6/01/2030 (n) | 488000 | &nbsp;&nbsp;&nbsp; 582796 |
| Melco Resorts Finance Ltd., 5.375%, 12/04/2029  | $411000 | &nbsp;&nbsp;&nbsp; 404745 |
| Wynn Macau Ltd., 5.625%, 8/26/2028 (n) | 294000 | &nbsp;&nbsp;&nbsp; 293716 |
|  |  | &nbsp;&nbsp;&nbsp; $1758413 |
| Industrial – 0.4% | Industrial – 0.4% | Industrial – 0.4% |
| Pachelbel Bidco S.p.A., 7.125%, 5/17/2031 (n) | 310000 | &nbsp;&nbsp;&nbsp; $382857 |
| Pachelbel Bidco S.p.A., 7.125%, 5/17/2031  | 250000 | &nbsp;&nbsp;&nbsp; 308755 |
|  |  | &nbsp;&nbsp;&nbsp; $691612 |
| International Market Quasi-Sovereign – 0.3% | International Market Quasi-Sovereign – 0.3% | International Market Quasi-Sovereign – 0.3% |
| Wolf Midstream Canada LP, 6.4%, 7/18/2029 (n)  | 813000 | &nbsp;&nbsp;&nbsp; $605743 |
| Medical & Health Technology & Services – 0.9% | Medical & Health Technology & Services – 0.9% | Medical & Health Technology & Services – 0.9% |
| Ephios Subco 3 S.à r.l., 7.875%, 1/31/2031 (n) | 388000 | &nbsp;&nbsp;&nbsp; $473201 |
| Ephios Subco 3 S.à r.l., 7.875%, 1/31/2031  | 100000 | &nbsp;&nbsp;&nbsp; 121959 |
| Gruppo San Donato S.p.A., 6.5%, 10/31/2031 (n) | 443000 | &nbsp;&nbsp;&nbsp; 524666 |
| Laboratoire Eimer Selas, 5%, 2/01/2029  | 494000 | &nbsp;&nbsp;&nbsp; 479913 |
|  |  | &nbsp;&nbsp;&nbsp; $1599739 |
| Metals & Mining – 2.0% | Metals & Mining – 2.0% | Metals & Mining – 2.0% |
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP, 8.75%, 7/15/2026 (n) | $140000 | &nbsp;&nbsp;&nbsp; $125928 |
| Compania de Minas Buenaventura S.A.A., 6.8%, 2/04/2032 (n) | 325000 | &nbsp;&nbsp;&nbsp; 338000 |
| Endeavour Mining PLC, 7%, 5/28/2030 (n) | 591000 | &nbsp;&nbsp;&nbsp; 608791 |
| First Quantum Minerals Ltd., 8%, 3/01/2033 (n) | 635000 | &nbsp;&nbsp;&nbsp; 674867 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Metals & Mining – continued | Metals & Mining – continued | Metals & Mining – continued |
| Novelis Sheet Ingot GmbH, 3.375%, 4/15/2029 (n) | 460000 | &nbsp;&nbsp;&nbsp; $520712 |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026 (z) | $359667 | &nbsp;&nbsp;&nbsp; 205041 |
| Samarco Mineracao S.A., 0% PIK to 12/30/2025, (4% Cash + 5% PIK) to 12/30/2026, (5.5% Cash + 3.5% PIK) to 12/30/2027, <br> 9.25% Cash to 12/30/2029, 9.5% Cash to 6/30/2031 (p)<br>| 1078175 | &nbsp;&nbsp;&nbsp; 1078162 |
|  |  | &nbsp;&nbsp;&nbsp; $3551501 |
| Network & Telecom – 1.1% | Network & Telecom – 1.1% | Network & Telecom – 1.1% |
| Iliad Holding S.A.S., 5.625%, 10/15/2028 (n) | 280000 | &nbsp;&nbsp;&nbsp; $327479 |
| Iliad Holding S.A.S., 5.375%, 4/15/2030 (n) | 124000 | &nbsp;&nbsp;&nbsp; 147140 |
| Iliad Holding S.A.S., 6.875%, 4/15/2031 (n) | 151000 | &nbsp;&nbsp;&nbsp; 186427 |
| Iliad S.A., 5.625%, 2/15/2030  | 200000 | &nbsp;&nbsp;&nbsp; 248289 |
| Kaixo Bondco Telecom S.A., 5.125%, 9/30/2029 (n) | 835000 | &nbsp;&nbsp;&nbsp; 971378 |
| Kaixo Bondco Telecom S.A., 5.125%, 9/30/2029  | 100000 | &nbsp;&nbsp;&nbsp; 116333 |
|  |  | &nbsp;&nbsp;&nbsp; $1997046 |
| Oils – 0.5% | Oils – 0.5% | Oils – 0.5% |
| MC Brazil Downstream Trading S.à r.l., 7.25%, 6/30/2031 (n) | $695102 | &nbsp;&nbsp;&nbsp; $571131 |
| Raizen Fuels Finance S.A., 6.25%, 7/08/2032  | 342000 | &nbsp;&nbsp;&nbsp; 290700 |
|  |  | &nbsp;&nbsp;&nbsp; $861831 |
| Other Banks & Diversified Financials – 0.7% | Other Banks & Diversified Financials – 0.7% | Other Banks & Diversified Financials – 0.7% |
| Banco GNB Sudameris S.A., 7.5% to 4/16/2026, FLR (CMT - 5yr. + 6.66%) to 4/16/2031  | $425000 | &nbsp;&nbsp;&nbsp; $423489 |
| BBVA Bancomer S.A. (Texas), 8.125%, 1/08/2039 (n) | 754000 | &nbsp;&nbsp;&nbsp; 821653 |
|  |  | &nbsp;&nbsp;&nbsp; $1245142 |
| Pharmaceuticals – 1.5% | Pharmaceuticals – 1.5% | Pharmaceuticals – 1.5% |
| Biocon Biologics Global PLC, 6.67%, 10/09/2029 (n) | $450000 | &nbsp;&nbsp;&nbsp; $444964 |
| Grifols S.A., 7.125%, 5/01/2030  | 394000 | &nbsp;&nbsp;&nbsp; 477141 |
| Neopharmed Gentili S.p.A., 7.125%, 4/08/2030 (n) | 596000 | &nbsp;&nbsp;&nbsp; 716982 |
| Rossini S.à r.l., 6.75%, 12/31/2029 (n) | 401000 | &nbsp;&nbsp;&nbsp; 487621 |
| Rossini S.à r.l., 6.75%, 12/31/2029  | 100000 | &nbsp;&nbsp;&nbsp; 121601 |
| Teva Pharmaceutical Finance Netherlands III B.V., 4.75%, 5/09/2027  | $421000 | &nbsp;&nbsp;&nbsp; 420929 |
|  |  | &nbsp;&nbsp;&nbsp; $2669238 |
| Pollution Control – 0.0% | Pollution Control – 0.0% | Pollution Control – 0.0% |
| Ambipar Lux S.à r.l., 10.875%, 2/05/2033  | $385000 | &nbsp;&nbsp;&nbsp; $71653 |
| Precious Metals & Minerals – 0.4% | Precious Metals & Minerals – 0.4% | Precious Metals & Minerals – 0.4% |
| Capstone Copper Corp., 6.75%, 3/31/2033 (n) | $415000 | &nbsp;&nbsp;&nbsp; $429423 |
| Eldorado Gold Corp., 6.25%, 9/01/2029 (n) | 342000 | &nbsp;&nbsp;&nbsp; 342695 |
|  |  | &nbsp;&nbsp;&nbsp; $772118 |
| Restaurants – 0.3% | Restaurants – 0.3% | Restaurants – 0.3% |
| Punch Finance PLC, 7.875%, 12/30/2030 (n)  | 383000 | &nbsp;&nbsp;&nbsp; $514451 |
| Retailers – 1.4% | Retailers – 1.4% | Retailers – 1.4% |
| Beach Acquisition Bidco LLC, 5.25%, 7/15/2032 (n) | 189000 | &nbsp;&nbsp;&nbsp; $223908 |
| Bubbles Bidco S.p.A., 6.5%, 9/30/2031  | 100000 | &nbsp;&nbsp;&nbsp; 118574 |
| Bubbles BidCo S.p.A., 6.5%, 9/30/2031 (n) | 450000 | &nbsp;&nbsp;&nbsp; 533583 |
| CD&R Firefly Bidco PLC, 8.625%, 4/30/2029 (n) | 350000 | &nbsp;&nbsp;&nbsp; 480553 |
| CD&R Firefly Bidco PLC, 8.625%, 4/30/2029  | 100000 | &nbsp;&nbsp;&nbsp; 137301 |
| Fressnapf Holding SE, 5.25%, 10/31/2031  | 500000 | &nbsp;&nbsp;&nbsp; 584184 |
| Maxeda DIY Holding B.V., 5.875%, 10/01/2026  | 472000 | &nbsp;&nbsp;&nbsp; 481775 |
|  |  | &nbsp;&nbsp;&nbsp; $2559878 |
| Telecommunications - Wireless – 2.7% | Telecommunications - Wireless – 2.7% | Telecommunications - Wireless – 2.7% |
| IHS Holding Ltd., 6.25%, 11/29/2028 (n) | $785000 | &nbsp;&nbsp;&nbsp; $784043 |
| Millicom International Cellular S.A., 5.125%, 1/15/2028 (n) | 617400 | &nbsp;&nbsp;&nbsp; 613723 |
| PLT VII Finance S.à r.l., 6%, 6/15/2031 (n) | 548000 | &nbsp;&nbsp;&nbsp; 655276 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Telecommunications - Wireless – continued | Telecommunications - Wireless – continued | Telecommunications - Wireless – continued |
| Softbank Group Corp., 5.75%, 7/08/2032  | 550000 | &nbsp;&nbsp;&nbsp; $662250 |
| VMED O2 UK Financing I PLC, 4%, 1/31/2029  | 299000 | &nbsp;&nbsp;&nbsp; 372837 |
| Vodafone Group PLC, 3% to 8/27/2030, FLR (EUR Swap Rate - 5yr. + 3.477%) to 8/27/2050, FLR (EUR Swap Rate - 5yr. + <br> 4.227%) to 8/27/2080 <br>| 605000 | &nbsp;&nbsp;&nbsp; 675235 |
| WP/AP Telecom Holdings III B.V., 5.5%, 1/15/2030  | 752000 | &nbsp;&nbsp;&nbsp; 871922 |
| Zegona Finance PLC, 6.75%, 7/15/2029 (n) | 112500 | &nbsp;&nbsp;&nbsp; 136936 |
|  |  | &nbsp;&nbsp;&nbsp; $4772222 |
| Transportation - Services – 1.5% | Transportation - Services – 1.5% | Transportation - Services – 1.5% |
| Acu Petroleo Luxembourg S.à r.l., 7.5%, 1/13/2032  | $402309 | &nbsp;&nbsp;&nbsp; $408209 |
| Edge Finco PLC, 8.125%, 8/15/2031 (n) | 414000 | &nbsp;&nbsp;&nbsp; 576030 |
| Edge Finco PLC, 8.125%, 8/15/2031  | 100000 | &nbsp;&nbsp;&nbsp; 139138 |
| InPost S.A., 4%, 4/01/2031 (n) | 593000 | &nbsp;&nbsp;&nbsp; 686736 |
| Kingston Airport Revenue Finance, 6.75%, 12/15/2036 (n) | $535000 | &nbsp;&nbsp;&nbsp; 548375 |
| Montego Bay Airport Revenue Finance Ltd., 6.6%, 6/15/2035 (n) | 288000 | &nbsp;&nbsp;&nbsp; 285347 |
|  |  | &nbsp;&nbsp;&nbsp; $2643835 |
| Utilities - Electric Power – 2.5% | Utilities - Electric Power – 2.5% | Utilities - Electric Power – 2.5% |
| AES Andes S.A., 8.15% to 6/10/2030, FLR (CMT - 5yr. + 3.835%) to 6/10/2035, FLR (CMT - 5yr. + 4.085%) to 6/10/2050, FLR <br> (CMT - 5yr. + 4.835%) to 6/10/2055 (n)<br>| $672000 | &nbsp;&nbsp;&nbsp; $702509 |
| Azure Power Energy Ltd., 3.575%, 8/19/2026 (n) | 367210 | &nbsp;&nbsp;&nbsp; 359379 |
| Energuate Trust, 6.35%, 9/15/2035 (n) | 601000 | &nbsp;&nbsp;&nbsp; 603102 |
| Mong Duong Finance Holdings B.V., 5.125%, 5/07/2029 (n) | 466867 | &nbsp;&nbsp;&nbsp; 462198 |
| PT Sorik Marapi Geothermal Power, 7.75%, 8/05/2031  | 480150 | &nbsp;&nbsp;&nbsp; 491935 |
| ReNew Wind Energy AP2/ReNew Power Private Ltd., 4.5%, 7/14/2028 (n) | 529000 | &nbsp;&nbsp;&nbsp; 511236 |
| Saavi Energia S.à r.l., 8.875%, 2/10/2035 (n) | 374000 | &nbsp;&nbsp;&nbsp; 402050 |
| Termocandelaria Power S.A., 7.75%, 9/17/2031 (n) | 376000 | &nbsp;&nbsp;&nbsp; 390300 |
| Termocandelaria Power S.A., 7.75%, 9/17/2031  | 400000 | &nbsp;&nbsp;&nbsp; 415212 |
| TerraForm Global Operating LLC, 6.125%, 3/01/2026 (n) | 244000 | &nbsp;&nbsp;&nbsp; 242421 |
|  |  | &nbsp;&nbsp;&nbsp; $4580342 |
| Utilities - Other – 0.3% | Utilities - Other – 0.3% | Utilities - Other – 0.3% |
| Aegea Finance S.à r.l., 7.625%, 1/20/2036 (n)  | $510000 | &nbsp;&nbsp;&nbsp; $497226 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$56048729** |
| Mutual Funds (h) – 68.5%  | Mutual Funds (h) – 68.5%  | Mutual Funds (h) – 68.5%  |
| Bond Funds – 66.5% | Bond Funds – 66.5% | Bond Funds – 66.5% |
| MFS High Yield Pooled Portfolio (v)(y)  | 14128742 | &nbsp;&nbsp;&nbsp; $119529155 |
| Money Market Funds – 2.0% | Money Market Funds – 2.0% |  |
| MFS Institutional Money Market Portfolio, 4.12% (v)  | 3535428 | &nbsp;&nbsp;&nbsp; $3536135 |
| **Total Mutual Funds**  | **Total Mutual Funds**  | &nbsp;&nbsp; **$123065290** |
| Other Assets, Less Liabilities – 0.3% |  | &nbsp;&nbsp;&nbsp; 463334 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$179577353** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(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 $123,065,290 and $56,048,729, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(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 $33,368,874, representing 18.6% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Payment-in-kind (PIK) security for which interest income may be received in additional
 securities and/or cash.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(y) The current Financial & Other Information report for MFS High Yield Pooled Portfolio
 as of October 31, 2025 has been included at the end of this report.

------

*Portfolio of Investments (unaudited) – continued*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026 | 3/10/2021-1/31/2022 | $358448 | $205041 |
| % of Net assets |  |  | 0.1% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| CMT | Constant Maturity Treasury  |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate <br> reported may not be the current rate. All reference rates are USD unless otherwise noted.<br>|
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: |
| CAD | Canadian Dollar |
| EUR | Euro |
| GBP | British Pound |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 10/31/25** | **Derivative Contracts at 10/31/25** | **Derivative Contracts at 10/31/25** | **Derivative Contracts at 10/31/25** | **Derivative Contracts at 10/31/25** | **Derivative Contracts at 10/31/25** | **Derivative Contracts at 10/31/25** |
| **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  |
| **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Currency** <br>**Sold** | **Counterparty** | &nbsp;&nbsp; **Settlement** <br>**Date**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| USD | &nbsp;&nbsp; 35911 | CAD | &nbsp;&nbsp; 50128 | Goldman Sachs International | 1/16/2026 | &nbsp;&nbsp; $34 |
| USD | &nbsp;&nbsp; 612230 | EUR | &nbsp;&nbsp; 523686 | Citibank N.A. | 1/16/2026 | &nbsp;&nbsp; 6069 |
| USD | &nbsp;&nbsp; 1012919 | EUR | &nbsp;&nbsp; 865675 | Morgan Stanley Capital Services LLC | 1/16/2026 | &nbsp;&nbsp; 10909 |
| USD | &nbsp;&nbsp; 26554947 | EUR | &nbsp;&nbsp; 22766587 | State Street Corp. | 1/16/2026 | &nbsp;&nbsp; 202890 |
| USD | &nbsp;&nbsp; 4060005 | GBP | &nbsp;&nbsp; 3053763 | Morgan Stanley Capital Services LLC | 1/16/2026 | &nbsp;&nbsp; 48178 |
|  |  |  |  |  |  | &nbsp;&nbsp; $268080 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| EUR | &nbsp;&nbsp; 810844 | USD | &nbsp;&nbsp; 946065 | JPMorgan Chase Bank N.A. | 1/16/2026 | &nbsp;&nbsp; $(7522)<br>|
| EUR | &nbsp;&nbsp; 1969229 | USD | &nbsp;&nbsp; 2321842 | Morgan Stanley Capital Services LLC | 1/16/2026 | &nbsp;&nbsp; (42483)<br>|
| GBP | &nbsp;&nbsp; 18400 | USD | &nbsp;&nbsp; 24616 | JPMorgan Chase Bank N.A. | 1/16/2026 | &nbsp;&nbsp; (444)<br>|
| USD | &nbsp;&nbsp; 581366 | CAD | &nbsp;&nbsp; 813000 | State Street Corp. | 1/16/2026 | &nbsp;&nbsp; (519)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(50968)<br>|

---

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

------

**Supplemental Information**

10/31/25 (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**

The investments of the fund and the MFS High Yield Pooled Portfolio are valued as described below.

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, 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. Exchange-traded options are generally valued at the last sale or official closing price on their primary exchange as provided by a third-party pricing service. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation on their primary exchange as provided by a third-party pricing service. For put options, the position may be valued at the last daily ask quotation if there are no trades reported during the day. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided

by a third-party pricing service. 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. 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.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. 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, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the 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 halt 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).

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant 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 forward foreign currency exchange contracts. The following is a summary of the levels used as of October 31, 2025 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5405860 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5405860 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1084047 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1084047 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49558822 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 49558822 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 123065290 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 123065290 |
| Total | &nbsp;&nbsp;&nbsp; $123065290 | &nbsp;&nbsp;&nbsp; $56048729 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $179114019 |
| **Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $268080 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $268080 |
| Forward Foreign Currency Exchange Contracts – Liabilities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (50968)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (50968)<br>|

---

For further information regarding security characteristics, see the Portfolio of Investments. Please refer to the MFS High Yield Pooled

Portfolio's financial statements for further information regarding the levels used in valuing its assets and liabilities.

**(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 following were affiliated issuers for the period ended October 31, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS High Yield Pooled Portfolio  | &nbsp;&nbsp; $117133676 | &nbsp;&nbsp; $28532351 | &nbsp;&nbsp; $27894382 | &nbsp;&nbsp; $(1908175)<br>| &nbsp;&nbsp; $3665685 | &nbsp;&nbsp; $119529155<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; 3066027 | &nbsp;&nbsp; 55236964 | &nbsp;&nbsp; 54767107 | &nbsp;&nbsp; 164 | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 3536135<br>|
|  | &nbsp;&nbsp; $120199703 | &nbsp;&nbsp; $83769315 | &nbsp;&nbsp; $82661489 | &nbsp;&nbsp; $(1908011)<br>| &nbsp;&nbsp; $3665772 | &nbsp;&nbsp; $123065290<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS High Yield Pooled Portfolio  | &nbsp;&nbsp; $6540345 | &nbsp;&nbsp; $— |
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; 130402 | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $6670747 | &nbsp;&nbsp; $— |

---

**(3) Issuer Country Weightings**

Issuer country weighting percentages of portfolio holdings based on net assets, as of October 31, 2025, are as follows:

---

| | |
|:---|:---|
| United States | 58.7% |
| Canada | 4.6% |
| United Kingdom | 4.2% |
| France | 3.6% |
| Italy | 2.4% |
| Mexico | 2.0% |
| Luxembourg | 1.9% |
| Brazil | 1.8% |
| India | 1.6% |
| Other Countries | 19.2% |

---

These issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable. Percentages reflect exposure to the underlying fund holdings including cash & cash equivalents.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** MFS Series Trust III

- **b. Investment Company Act file number:** 811-02794

- **c. CIK number of Registrant:** 0000225604

- **d. LEI of Registrant:** 549300V6TTODTL97GD50

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

**Item A.2. Information about the Series.**

- **a. Name of Series:** MFS Global High Yield Fund

- **b. EDGAR series identifier (if any):** S000002428

- **c. LEI of Series:** IAJ1R15XQSLN6MYDI525

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $180504435.14

**Total Liabilities:** $927622.32

**Net Assets:** $179576812.82

**Cash Not Reported:** $1.48

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -7.09022950 | **1-Year:** -186.99783040 | **5-Year:** -995.80390170 | **10-Year:** -1284.66535190 | **30-Year:** -393.14849850

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -261.33175410 | **1-Year:** -4103.98088420 | **5-Year:** -7501.31105220 | **10-Year:** -1562.85155070 | **30-Year:** -107.20625590

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006485 | 0.90%                | 0.68%                | 0.16%                |
| Class ID C000064678 | 1.12%                | 0.72%                | 0.20%                |
| Class ID C000064679 | 1.14%                | 0.74%                | 0.22%                |
| Class ID C000006486 | 0.91%                | 0.68%                | 0.16%                |
| Class ID C000006487 | 1.17%                | 0.77%                | 0.06%                |
| Class ID C000064681 | 1.18%                | 0.77%                | 0.25%                |
| Class ID C000064680 | 0.99%                | 0.76%                | 0.24%                |
| Class ID C000006484 | 1.15%                | 0.74%                | 0.22%                |
| Class ID C000064677 | 1.08%                | 0.68%                | 0.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $166334.11               | $1757783.95                                |
| Month 2  | $130412.38               | $388787.86                                 |
| Month 3  | $-283211.51              | $-961142.45                                |

**Designated Index Information**

- **Index Name:** BofaML Global HY Constrained

- **Index Identifier:** MLGHYC

### Schedule of Portfolio Investments

| Name                                                                      | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Termocandelaria Power SA                                                  | Termocandelaria Power SA                                                  | CUSIP: N/A<br>LEI: 549300YDORW43JL6G659       | Long             | DBT              | CORP              | ES        |    400000 | PA      | $415212.40    | 0.23%             | 2031-09-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IHS Holding Ltd.                                                          | IHS Holding Ltd.                                                          | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    785000 | PA      | $784042.99    | 0.44%             | 2028-11-29      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| INEOS Quattro Finance 2 plc                                               | INEOS Quattro Finance 2 plc                                               | CUSIP: N/A<br>LEI: 213800V48W4Y5MT5Q131       | Long             | DBT              | CORP              | GB        |    502000 | PA      | $535556.80    | 0.30%             | 2029-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Neopharmed Gentili SpA                                                    | Neopharmed Gentili SpA                                                    | CUSIP: N/A<br>LEI: 815600C8FD3DCB866E50       | Long             | DBT              | CORP              | IT        |    596000 | PA      | $716981.54    | 0.40%             | 2030-04-08      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Central American Bottling Corp.                                           | Central American Bottling Corp.                                           | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    716000 | PA      | $701811.24    | 0.39%             | 2029-04-27      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Ambipar Lux Sarl                                                          | Ambipar Lux Sarl                                                          | CUSIP: N/A<br>LEI: 9845008C0E14F9BDEK55       | Long             | DBT              | CORP              | LU        |    385000 | PA      | $71653.46     | 0.04%             | 2033-02-05      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Iliad Holding SAS                                                         | Iliad Holding SAS                                                         | CUSIP: N/A<br>LEI: 9695009BGMXB527HV965       | Long             | DBT              | CORP              | FR        |    280000 | PA      | $327478.67    | 0.18%             | 2028-10-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| IIFL Finance Ltd.                                                         | IIFL Finance Ltd.                                                         | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |    554000 | PA      | $567923.84    | 0.32%             | 2028-07-24      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Opal Bidco SAS                                                            | Opal Bidco SAS                                                            | CUSIP: N/A<br>LEI: 969500R96XT7XY2UJ564       | Long             | DBT              | CORP              | FR        |    358000 | PA      | $428202.21    | 0.24%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-519.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ams-OSRAM AG                                                              | ams-OSRAM AG                                                              | CUSIP: N/A<br>LEI: 5299001JPPT2QFTV5D76       | Long             | DBT              | CORP              | AT        |    570000 | PA      | $701038.25    | 0.39%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                                  | MFS Institutional Money Market Portfolio, Class A                         | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |   3519817 | NS      | $3520520.89   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Fressnapf Holding SE                                                      | Fressnapf Holding SE                                                      | CUSIP: N/A<br>LEI: 529900NLSO3VLFW8JQ35       | Long             | DBT              | CORP              | DE        |    500000 | PA      | $584184.06    | 0.33%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Heimstaden AB                                                             | Heimstaden AB                                                             | CUSIP: N/A<br>LEI: 549300WD2QBD89VBPV88       | Long             | DBT              | CORP              | SE        |    200000 | PA      | $210596.75    | 0.12%             | 2026-10-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-30204.68    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos                                                       | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    640000 | PA      | $580352.32    | 0.32%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | CUSIP: 07336UAB9<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    754000 | PA      | $821652.65    | 0.46%             | 2039-01-08      | Variable      | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Capstone Copper Corp.                                                     | Capstone Copper Corp.                                                     | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    415000 | PA      | $429423.33    | 0.24%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SAN Miguel Industrias Pet SA                                              | SAN Miguel Industrias Pet SA                                              | CUSIP: 79911QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    640000 | PA      | $611225.60    | 0.34%             | 2028-08-02      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Aegea Finance Sarl                                                        | Aegea Finance Sarl                                                        | CUSIP: 00775CAE6<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    510000 | PA      | $497226.35    | 0.28%             | 2036-01-20      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Muthoot Finance Ltd.                                                      | Muthoot Finance Ltd.                                                      | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    686000 | PA      | $702215.48    | 0.39%             | 2028-02-14      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Ziggo BV                                                                  | Ziggo BV                                                                  | CUSIP: N/A<br>LEI: 213800TQASLF9JXH5J59       | Long             | DBT              | CORP              | NL        |    260000 | PA      | $284436.62    | 0.16%             | 2030-01-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| CD&R Firefly Bidco plc                                                    | CD&R Firefly Bidco plc                                                    | CUSIP: N/A<br>LEI: 213800OAU5VX61DYZ558       | Long             | DBT              | CORP              | GB        |    350000 | PA      | $480553.35    | 0.27%             | 2029-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Sorik Marapi Geothermal Power PT                                          | Sorik Marapi Geothermal Power PT                                          | CUSIP: N/A<br>LEI: 254900OW9VKG09S8C597       | Long             | DBT              | CORP              | ID        |    480150 | PA      | $491935.42    | 0.27%             | 2031-08-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6068.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                                                       | Eldorado Gold Corp.                                                       | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    342000 | PA      | $342694.60    | 0.19%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CD&R Firefly Bidco plc                                                    | CD&R Firefly Bidco plc                                                    | CUSIP: N/A<br>LEI: 213800OAU5VX61DYZ558       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $137300.96    | 0.08%             | 2029-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Muangthai Capital PCL                                                     | Muangthai Capital PCL                                                     | CUSIP: 624923AA6<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |    500000 | PA      | $516763.07    | 0.29%             | 2030-07-21      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                   | Sasol Financing USA LLC                                                   | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    819000 | PA      | $695768.76    | 0.39%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                   | Raizen Fuels Finance SA                                                   | CUSIP: N/A<br>LEI: 52990010NH26VC32Q522       | Long             | DBT              | CORP              | LU        |    342000 | PA      | $290700.00    | 0.16%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lottomatica Group SpA                                                     | Lottomatica Group Spa                                                     | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | DBT              | CORP              | IT        |    488000 | PA      | $582796.32    | 0.32%             | 2030-06-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Azule Energy Finance plc                                                  | Azule Energy Finance plc                                                  | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    471000 | PA      | $473357.83    | 0.26%             | 2030-01-23      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Saavi Energia Sarl                                                        | Saavi Energia Sarl                                                        | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    374000 | PA      | $402050.00    | 0.22%             | 2035-02-10      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Montego Bay Airport Revenue Finance Ltd.                                  | Montego Bay Airport Revenue Finance Ltd.                                  | CUSIP: 61238BAA9<br>LEI: 2549008BQQ5ON8H2UC19 | Long             | DBT              | CORP              | KY        |    288000 | PA      | $285347.52    | 0.16%             | 2035-06-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Iliad Holding SAS                                                         | Iliad Holding SAS                                                         | CUSIP: N/A<br>LEI: 9695009BGMXB527HV965       | Long             | DBT              | CORP              | FR        |    124000 | PA      | $147140.26    | 0.08%             | 2030-04-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Kingston Airport Revenue Finance Ltd.                                     | Kingston Airport Revenue Finance Ltd.                                     | CUSIP: 49647QAA6<br>LEI: 254900SK2YRR95AVHU30 | Long             | DBT              | CORP              | KY        |    535000 | PA      | $548375.00    | 0.31%             | 2036-12-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Grifols SA                                                                | Grifols SA                                                                | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | DBT              | CORP              | ES        |    394000 | PA      | $477141.31    | 0.27%             | 2030-05-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Intrum Investments And Financing AB                                       | Intrum Investments And Financing AB, Series 1                             | CUSIP: N/A<br>LEI: 984500D7B1EFD7460452       | Long             | DBT              | CORP              | SE        |    581779 | PA      | $586085.96    | 0.33%             | 2028-09-11      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV                            | Teva Pharmaceutical Finance Netherlands III BV                            | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    421000 | PA      | $420929.52    | 0.23%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pachelbel Bidco SpA                                                       | Pachelbel Bidco SpA                                                       | CUSIP: N/A<br>LEI: 8156005DA07CDD50CC46       | Long             | DBT              | CORP              | IT        |    250000 | PA      | $308755.17    | 0.17%             | 2031-05-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| iliad SA                                                                  | iliad SA                                                                  | CUSIP: N/A<br>LEI: 969500FZ9BTRZS3JNB97       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $248288.71    | 0.14%             | 2030-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Boparan Finance plc                                                       | Boparan Finance plc                                                       | CUSIP: N/A<br>LEI: 213800GQSQIOBR3DHN70       | Long             | DBT              | CORP              | GB        |    303000 | PA      | $421925.09    | 0.23%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Petra Diamonds US Treasury plc                                            | Petra Diamonds US Treasury plc                                            | CUSIP: N/A<br>LEI: 635400LZYOO6WHAO2H58       | Long             | DBT              | CORP              | GB        |    359667 | PA      | $205041.46    | 0.11%             | 2026-03-08      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Wolf Midstream Canada LP                                                  | Wolf Midstream Canada LP                                                  | CUSIP: 977734AA0<br>LEI: 2549001Q852MSO20OC46 | Long             | DBT              | CORP              | CA        |    813000 | PA      | $605743.11    | 0.34%             | 2029-07-18      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-7522.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rossini Sarl                                                              | Rossini Sarl                                                              | CUSIP: N/A<br>LEI: 549300EC5JCCW6F83R11       | Long             | DBT              | CORP              | LU        |    401000 | PA      | $487620.69    | 0.27%             | 2029-12-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6760.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SierraCol Energy Andina LLC                                               | SierraCol Energy Andina LLC                                               | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $245312.50    | 0.14%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                                         | Clarios Global LP                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | CA        |    100000 | PA      | $117570.03    | 0.07%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Flos B&b Italia SpA                                                       | Flos B&b Italia SpA                                                       | CUSIP: N/A<br>LEI: 815600907387ED411436       | Long             | DBT              | CORP              | IT        |    120000 | PA      | $143787.22    | 0.08%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Mahle GmbH                                                                | Mahle GmbH                                                                | CUSIP: N/A<br>LEI: 52990098TR1QJBWIYG58       | Long             | DBT              | CORP              | DE        |    356000 | PA      | $424172.87    | 0.24%             | 2031-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MC Brazil Downstream Trading SARL                                         | MC Brazil Downstream Trading SARL                                         | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    695102 | PA      | $571130.88    | 0.32%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd.                                                | Melco Resorts Finance Ltd.                                                | CUSIP: N/A<br>LEI: 5493000FQDBWKDBZEF60       | Long             | DBT              | CORP              | KY        |    411000 | PA      | $404744.68    | 0.23%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCC Power plc                                                             | SCC Power plc                                                             | CUSIP: 78397YAC6<br>LEI: 529900IYGYC6VSDSDF37 | Long             | DBT              | CORP              | GB        |    460939 | PA      | $92187.80     | 0.05%             | 2032-05-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Gruppo San Donato SpA                                                     | Gruppo San Donato SpA                                                     | CUSIP: N/A<br>LEI: 8156003649DB0704FC22       | Long             | DBT              | CORP              | IT        |    443000 | PA      | $524666.11    | 0.29%             | 2031-10-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Acu Petroleo Luxembourg SARL                                              | Acu Petroleo Luxembourg SARL                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    402309 | PA      | $408208.58    | 0.23%             | 2032-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Grupo Nutresa SA                                                          | Grupo Nutresa SA                                                          | CUSIP: 40055CAA1<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |    696000 | PA      | $747678.00    | 0.42%             | 2030-05-12      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| InPost SA                                                                 | InPost SA                                                                 | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | DBT              | CORP              | LU        |    593000 | PA      | $686736.53    | 0.38%             | 2031-04-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Biocon Biologics Global plc                                               | Biocon Biologics Global plc                                               | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $444964.15    | 0.25%             | 2029-10-09      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Punch Finance plc                                                         | Punch Finance plc                                                         | CUSIP: N/A<br>LEI: 2138006IJRIU1Q5DN388       | Long             | DBT              | CORP              | GB        |    383000 | PA      | $514451.11    | 0.29%             | 2030-12-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Banco GNB Sudameris SA                                                    | Banco GNB Sudameris SA                                                    | CUSIP: N/A<br>LEI: 549300SO7QUETMQD9D84       | Long             | DBT              | CORP              | CO        |    425000 | PA      | $423489.41    | 0.24%             | 2031-04-16      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Telecommunications co Telekom Srbija AD Belgrade                          | Telecommunications co Telekom Srbija AD Belgrade                          | CUSIP: 87945BAA8<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | NUSS              | RS        |    697000 | PA      | $699488.35    | 0.39%             | 2029-10-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Amber Finco plc                                                           | Amber Finco plc                                                           | CUSIP: N/A<br>LEI: 9845004C0870D380O790       | Long             | DBT              | CORP              | GB        |    437000 | PA      | $529445.94    | 0.29%             | 2029-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bubbles Bidco SpA                                                         | Bubbles Bidco SpA                                                         | CUSIP: N/A<br>LEI: 815600073942740CEB24       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118573.97    | 0.07%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-443.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Navoi Mining & Metallurgical Combinat                                     | Navoi Mining & Metallurgical Combinat                                     | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    731000 | PA      | $782607.07    | 0.44%             | 2031-10-17      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Maxeda DIY Holding BV                                                     | Maxeda DIY Holding BV                                                     | CUSIP: N/A<br>LEI: 724500KEZU4CPEQLGZ87       | Long             | DBT              | CORP              | NL        |    472000 | PA      | $481775.46    | 0.27%             | 2026-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                               | First Quantum Minerals Ltd.                                               | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    635000 | PA      | $674867.21    | 0.38%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Ephios Subco 3 Sarl                                                       | Ephios Subco 3 Sarl                                                       | CUSIP: N/A<br>LEI: 213800E4EG6VFUFVEH64       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121958.99    | 0.07%             | 2031-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                                 | Banijay Entertainment SAS                                                 | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    294000 | PA      | $305124.96    | 0.17%             | 2029-05-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Maxam Prill Sarl                                                          | Maxam Prill Sarl                                                          | CUSIP: N/A<br>LEI: 984500C4C5B820A6B691       | Long             | DBT              | CORP              | LU        |    353000 | PA      | $413867.93    | 0.23%             | 2030-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PLT VII Finance Sarl                                                      | PLT VII Finance Sarl                                                      | CUSIP: N/A<br>LEI: 894500SKZV4JDP64R249       | Long             | DBT              | CORP              | LU        |    548000 | PA      | $655276.36    | 0.36%             | 2031-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Czechoslovak Group A/S                                                    | Czechoslovak Group A/S                                                    | CUSIP: N/A<br>LEI: 315700SWFD7G70AVG768       | Long             | DBT              | CORP              | CZ        |    638000 | PA      | $765437.87    | 0.43%             | 2031-01-10      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Endeavour Mining plc                                                      | Endeavour Mining plc                                                      | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    591000 | PA      | $608790.65    | 0.34%             | 2030-05-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Aegis Lux 1a Sarl                                                         | Aegis Lux 1a Sarl                                                         | CUSIP: N/A<br>LEI: 529900WB6L9XYCR8YT98       | Long             | DBT              | CORP              | LU        |    421000 | PA      | $490709.32    | 0.27%             | 2031-10-29      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Pinnacle Bidco plc                                                        | Pinnacle Bidco plc                                                        | CUSIP: N/A<br>LEI: 2138006Z5V8OBL2A2Q06       | Long             | DBT              | CORP              | GB        |    560000 | PA      | $774206.98    | 0.43%             | 2028-10-11      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Odido Group Holding BV                                                    | Odido Group Holding BV                                                    | CUSIP: N/A<br>LEI: 724500FOAL1MNGOJKP07       | Long             | DBT              | CORP              | NL        |    752000 | PA      | $871921.74    | 0.49%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos                                                       | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    289000 | PA      | $296648.10    | 0.17%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Currenta Group Holdings Sarl                                              | Currenta Group Holdings Sarl                                              | CUSIP: N/A<br>LEI: 222100SF79KCJKYUPE47       | Long             | DBT              | CORP              | LU        |    504000 | PA      | $589833.30    | 0.33%             | 2030-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Bulgarian Energy Holding EAD                                              | Bulgarian Energy Holding EAD                                              | CUSIP: N/A<br>LEI: 635400E1RWKJXPSBCV07       | Long             | DBT              | NUSS              | BG        |    870000 | PA      | $967091.40    | 0.54%             | 2028-07-22      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Iliad Holding SAS                                                         | Iliad Holding SAS                                                         | CUSIP: N/A<br>LEI: 9695009BGMXB527HV965       | Long             | DBT              | CORP              | FR        |    151000 | PA      | $186427.50    | 0.10%             | 2031-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SCC Power plc                                                             | SCC Power plc                                                             | CUSIP: 78397YAB8<br>LEI: 529900IYGYC6VSDSDF37 | Long             | DBT              | CORP              | GB        |    850966 | PA      | $516961.85    | 0.29%             | 2028-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                           | Wynn Macau Ltd.                                                           | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    294000 | PA      | $293715.97    | 0.16%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Grupo Antolin Irausa SA                                                   | Grupo Antolin Irausa SA                                                   | CUSIP: N/A<br>LEI: 213800OILC5Q9AR63B63       | Long             | DBT              | CORP              | ES        |    267000 | PA      | $206181.38    | 0.11%             | 2030-01-30      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos                                                       | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    460000 | PA      | $538022.90    | 0.30%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $33.68        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group plc                                                        | Vodafone Group plc                                                        | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | DBT              | CORP              | GB        |    605000 | PA      | $675235.08    | 0.38%             | 2080-08-27      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd.                                                        | Kosmos Energy Ltd.                                                        | CUSIP: N/A<br>LEI: 213800YDFJ3OT9B5P157       | Long             | DBT              | CORP              | US        |    372000 | PA      | $250002.71    | 0.14%             | 2031-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Terraform Global Operating LP                                             | Terraform Global Operating LP                                             | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |    244000 | PA      | $242420.56    | 0.13%             | 2026-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ReNew Wind Energy AP2                                                     | ReNew Wind Energy AP2                                                     | CUSIP: 75973PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    529000 | PA      | $511235.90    | 0.28%             | 2028-07-14      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Rossini Sarl                                                              | Rossini Sarl                                                              | CUSIP: N/A<br>LEI: 549300EC5JCCW6F83R11       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121601.16    | 0.07%             | 2029-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-12277.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Energuate Trust 2 0                                                       | Energuate Trust 2 0                                                       | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |    601000 | PA      | $603101.70    | 0.34%             | 2035-09-15      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Edge Finco plc                                                            | Edge Finco plc                                                            | CUSIP: N/A<br>LEI: 648835NI8LJE5190NT73       | Long             | DBT              | CORP              | GB        |    414000 | PA      | $576029.55    | 0.32%             | 2031-08-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Cia de Minas Buenaventura SAA                                             | Cia de Minas Buenaventura SAA                                             | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    325000 | PA      | $338000.00    | 0.19%             | 2032-02-04      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| 888 Acquisitions Ltd.                                                     | 888 Acquisitions Ltd.                                                     | CUSIP: N/A<br>LEI: 254900RFD0BP3JOPZU89       | Long             | DBT              | CORP              | GI        |    370000 | PA      | $477155.60    | 0.27%             | 2030-05-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Edge Finco plc                                                            | Edge Finco plc                                                            | CUSIP: N/A<br>LEI: 648835NI8LJE5190NT73       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $139137.57    | 0.08%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Zegona Finance plc                                                        | Zegona Finance plc                                                        | CUSIP: N/A<br>LEI: 254900B3KC1SS7T2TE92       | Long             | DBT              | CORP              | GB        |    112500 | PA      | $136935.60    | 0.08%             | 2029-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AES Andes SA                                                              | AES Andes SA                                                              | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    672000 | PA      | $702508.80    | 0.39%             | 2055-06-10      | Variable      | 8.15%                 | Yes           |                  2 | On Loan: No      |
| Termocandelaria Power SA                                                  | Termocandelaria Power SA                                                  | CUSIP: 88087AAA6<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | ES        |    376000 | PA      | $390299.66    | 0.22%             | 2031-09-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Mong Duong Finance Holdings BV                                            | Mong Duong Finance Holdings BV                                            | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    466867 | PA      | $462198.14    | 0.26%             | 2029-05-07      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Baffinland Iron Mines Corp.                                               | Baffinland Iron Mines Corp.                                               | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    140000 | PA      | $125927.48    | 0.07%             | 2026-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Flos B&b Italia SpA                                                       | Flos B&b Italia SpA                                                       | CUSIP: N/A<br>LEI: 815600907387ED411436       | Long             | DBT              | CORP              | IT        |    326400 | PA      | $391101.23    | 0.22%             | 2028-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1573.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd.                                                      | Muthoot Finance Ltd.                                                      | CUSIP: 62828L2E2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $203212.30    | 0.11%             | 2030-03-02      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Bubbles Bidco SpA                                                         | Bubbles Bidco SpA                                                         | CUSIP: N/A<br>LEI: 815600073942740CEB24       | Long             | DBT              | CORP              | IT        |    450000 | PA      | $533582.85    | 0.30%             | 2031-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SNF Group SACA                                                            | SNF Group SACA                                                            | CUSIP: N/A<br>LEI: 969500F7036FEDYPRV54       | Long             | DBT              | CORP              | FR        |    456000 | PA      | $513879.07    | 0.29%             | 2029-02-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2575.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp.                                                      | SoftBank Group Corp.                                                      | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | DBT              | CORP              | JP        |    550000 | PA      | $662249.92    | 0.37%             | 2032-07-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Co.                                             | Perrigo Finance Unlimited Co., Series USD                                 | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    220000 | PA      | $221857.02    | 0.12%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                               | Beach Acquisition Bidco LLC                                               | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    189000 | PA      | $223907.78    | 0.12%             | 2032-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Trident Energy Finance plc                                                | Trident Energy Finance plc                                                | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |    448000 | PA      | $457177.83    | 0.25%             | 2029-11-30      | Fixed         | 12.50%                | Yes           |                  2 | On Loan: No      |
| Kaixo Bondco Telecom SA                                                   | Kaixo Bondco Telecom SA                                                   | CUSIP: N/A<br>LEI: 959800ULWB3MZHZ69055       | Long             | DBT              | CORP              | ES        |    100000 | PA      | $116332.71    | 0.06%             | 2029-09-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Verisure Midholding AB                                                    | Verisure Midholding AB                                                    | CUSIP: N/A<br>LEI: 549300496LYEZ55X1M49       | Long             | DBT              | CORP              | SE        |    815000 | PA      | $944858.23    | 0.53%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vmed O2 UK Financing I plc                                                | Vmed O2 UK Financing I plc                                                | CUSIP: N/A<br>LEI: 213800MRR46ECNGZ7L69       | Long             | DBT              | CORP              | GB        |    299000 | PA      | $372837.11    | 0.21%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ephios Subco 3 SARL                                                       | Ephios Subco 3 SARL                                                       | CUSIP: N/A<br>LEI: 213800E4EG6VFUFVEH64       | Long             | DBT              | CORP              | LU        |    388000 | PA      | $473200.87    | 0.26%             | 2031-01-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Kaixo Bondco Telecom SA                                                   | Kaixo Bondco Telecom SA                                                   | CUSIP: N/A<br>LEI: 959800ULWB3MZHZ69055       | Long             | DBT              | CORP              | ES        |    835000 | PA      | $971378.09    | 0.54%             | 2029-09-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Arcor SAIC                                                                | Arcor SAIC                                                                | CUSIP: 03965PAE1<br>LEI: 529900B2ROYOJG45VO88 | Long             | DBT              | CORP              | AR        |    726000 | PA      | $738342.00    | 0.41%             | 2033-07-31      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                      | Samarco Mineracao SA                                                      | CUSIP: N/A<br>LEI: 529900U8HKV15GJC4O60       | Long             | DBT              | CORP              | BR        |   1078175 | PA      | $1078161.74   | 0.60%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Novelis Sheet Ingot GmbH                                                  | Novelis Sheet Ingot GmbH                                                  | CUSIP: N/A<br>LEI: 9845005E95899E77AY49       | Long             | DBT              | CORP              | DE        |    460000 | PA      | $520711.94    | 0.29%             | 2029-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| MFS High Yield Pooled Portfolio                                           | MFS High Yield Pooled Portfolio                                           | CUSIP: 552984668<br>LEI: 549300B758U8480GXX22 | Long             |  | RF                | US        |  14060926 | NS      | $118955433.15 | 66.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA                                        | Millicom International Cellular SA                                        | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    617400 | PA      | $613723.44    | 0.34%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Ziggo BV                                                                  | Ziggo BV                                                                  | CUSIP: N/A<br>LEI: 213800TQASLF9JXH5J59       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $109398.70    | 0.06%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Dometic Group AB                                                          | Dometic Group AB                                                          | CUSIP: N/A<br>LEI: 549300STIPMK5VSA7Y59       | Long             | DBT              | CORP              | SE        |    512000 | PA      | $597729.93    | 0.33%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pachelbel Bidco SpA                                                       | Pachelbel Bidco SpA                                                       | CUSIP: N/A<br>LEI: 8156005DA07CDD50CC46       | Long             | DBT              | CORP              | IT        |    310000 | PA      | $382856.41    | 0.21%             | 2031-05-17      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Amber Finco plc                                                           | Amber Finco plc                                                           | CUSIP: N/A<br>LEI: 9845004C0870D380O790       | Long             | DBT              | CORP              | GB        |    250000 | PA      | $302886.69    | 0.17%             | 2029-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Laboratoire Eimer SELAS                                                   | Laboratoire Eimer SELAS                                                   | CUSIP: N/A<br>LEI: 969500DCZL54LLTFEM37       | Long             | DBT              | CORP              | FR        |    494000 | PA      | $479912.93    | 0.27%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EURO                                                                      | EURO                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |        16 | OU      | $18.63        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forvia SE                                                                 | Forvia SE                                                                 | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | DBT              | CORP              | FR        |    534000 | PA      | $634919.05    | 0.35%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Summer BidCo BV                                                           | Summer BidCo BV                                                           | CUSIP: N/A<br>LEI: 724500EOJYP21L3XM206       | Long             | DBT              | CORP              | NL        |    586126 | PA      | $691871.90    | 0.39%             | 2029-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $202889.75    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos                                                       | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1063000 | PA      | $935906.55    | 0.52%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Azure Power Energy Ltd.                                                   | Azure Power Energy Ltd.                                                   | CUSIP: 05502VAA1<br>LEI: 54930051LQDFHGQMHF47 | Long             | DBT              | CORP              | MU        |    367210 | PA      | $359379.14    | 0.20%             | 2026-08-19      | Fixed         | 3.58%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $48178.51     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** MFS Series Trust III

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer