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MAMAX MFS Moderate Allocation A

  • Fund
  • MAMAX
  • Price as of: Aug 08, 2016
  • $16.69
  • - $0.01
  • - 0.06%
  • Category
  • Diversified Portfolio

MAMAX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return 6.6%
  • Net Assets $6.4 B
  • Holdings in Top 10 73.7%

52 WEEK LOW AND HIGH

$16.69
$14.63
$16.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.34%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name MFS® Moderate Allocation Fund
  • Fund Family Name MFS
  • Inception Date Jun 28, 2002
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Joseph C. Flaherty

Fund Description

The MFS Moderate Allocation Fund Class A (MAMAX) is an actively managed allocation fund that seeks to provide a high level of total returns consistent with a medium level of risk. MAMAX is a fund of funds, investing in 22 different MFS mutual funds across a variety of asset classes in order to achieve its mandate of growing value. Given its moderate stance, the fund is relatively balanced between stocks and fixed-income securities in a roughly 60/40 split.

With its all-in-one nature, MAMAX is perfect as a core solution for investors with medium risk tolerances or older investors. The fund is managed by MFS Investment Management.

MAMAX - Performance

Return Ranking - Trailing

Period MAMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -65.8% 22.5% 10.11% 1
1 Yr 3.3% -30.1% 18.0% 24.57% 2
3 Yr 5.6% * -14.0% 12.6% 32.18% 2
5 Yr 6.6% * -13.4% 12.2% 37.21% 2
10 Yr 6.2% * -5.6% 9.0% 17.68% 1

* Annualized


Return Ranking - Calendar

Period MAMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.3% -61.2% 48.7% 48.25% 3
2014 N/A -11.0% 4.5% N/A N/A
2013 N/A -11.5% 25.9% N/A N/A
2012 N/A 5.1% 15.7% N/A N/A
2011 N/A -7.3% 5.7% N/A N/A

Total Return Ranking - Trailing

Period MAMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -65.8% 22.5% 10.24% 1
1 Yr -2.6% -30.1% 17.0% 72.23% 4
3 Yr 3.5% * -15.0% 12.6% 62.26% 4
5 Yr 5.4% * -13.7% 12.2% 53.70% 3
10 Yr 5.5% * -5.6% 9.0% 32.09% 2

* Annualized


Total Return Ranking - Calendar

Period MAMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.3% -61.2% 48.7% 48.25% 3
2014 N/A -11.0% 9.6% N/A N/A
2013 N/A -4.1% 29.6% N/A N/A
2012 N/A 7.8% 20.7% N/A N/A
2011 N/A -3.5% 11.7% N/A N/A

NAV & Total Return History

MAMAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MAMAX Category Low Category High MAMAX % Rank Quintile
Net Assets 6.4 B 81.4 K 99.6 B 1.51% 1
Number of Holdings 24 1 12089 14.05% 4
Net Assets in Top 10 4.65 B -654 M 19.5 B 1.01% 1
Weighting of Top 10 73.7% 0.0% 246.1% 10.98% 2

Top 10 Holdings

  1. MFS Total Return Bond R5 7.99%
  2. MFS Government Securities R5 9.90%
  3. MFS Growth R5 7.95%
  4. MFS Value R5 8.05%
  5. MFS Research R5 8.04%
  6. MFS Mid Cap Growth R5 6.99%
  7. MFS Mid Cap Value R5 6.99%
  8. MFS Research International R5 5.82%
  9. MFS Inflation-Adjusted Bond R5 6.99%
  10. MFS High Income R5 5.02%

Asset Allocation

Weighting Category Low Category High MAMAX % Rank Quintile
Stocks
54.68% -3.90% 139.24% 13.75% 3
Bonds
40.07% -0.39% 98.35% 10.74% 2
Cash
4.85% -80.76% 100.06% 19.36% 4
Other
0.22% -9.98% 131.62% 16.70% 4
Preferred Stocks
0.15% -0.04% 36.35% 8.42% 3
Convertible Bonds
0.04% 0.00% 33.12% 6.68% 3

Stock Sector Breakdown

Weighting Category Low Category High MAMAX % Rank Quintile
Financial Services
8.35% -5.44% 81.82% 10.45% 2
Industrials
7.49% -4.76% 59.46% 8.12% 2
Technology
7.37% -11.24% 86.30% 12.72% 3
Healthcare
7.21% -0.78% 26.13% 10.07% 2
Consumer Cyclical
6.77% -6.71% 67.05% 10.58% 2
Consumer Defense
6.51% -6.80% 33.05% 5.15% 1
Basic Materials
3.02% -3.08% 25.70% 6.31% 2
Real Estate
2.87% -2.11% 51.75% 9.33% 2
Energy
2.15% -3.72% 31.87% 14.90% 4
Communication Services
1.75% -2.19% 32.13% 9.89% 3
Utilities
1.23% -6.48% 56.47% 10.35% 3

Stock Geographic Breakdown

Weighting Category Low Category High MAMAX % Rank Quintile
US
40.41% -123.16% 136.63% 13.55% 3
Non US
14.27% -2.43% 163.55% 10.94% 2

Bond Sector Breakdown

Weighting Category Low Category High MAMAX % Rank Quintile
Government
17.51% -160.96% 76.37% 6.45% 1
Corporate
13.47% 0.00% 93.84% 15.79% 3
Securitized
8.96% -0.01% 42.26% 10.21% 2
Cash & Equivalents
4.84% -80.82% 157.26% 19.08% 4
Municipal
0.10% 0.00% 137.36% 7.14% 3
Derivative
0.10% -84.53% 22.60% 2.52% 1

Bond Geographic Breakdown

Weighting Category Low Category High MAMAX % Rank Quintile
US
30.71% -31.85% 93.68% 12.49% 3
Non US
9.36% -57.44% 70.46% 6.77% 2

MAMAX - Expenses

Operational Fees

MAMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.34% 0.00% 165.34% 17.54% 1
Management Fee 0.00% 0.00% 2.55% 5.50% 1
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 2
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

MAMAX Fees (% of AUM) Category Low Category High MAMAX Rank Quintile
Front Load 5.75% 0.14% 5.75% 0.23% 4
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

MAMAX Fees (% of AUM) Category Low Category High MAMAX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MAMAX Fees (% of AUM) Category Low Category High MAMAX Rank Quintile
Turnover 2.00% 0.00% 5473.00% 15.00% 1

MAMAX - Distributions

Dividend Yield Analysis

MAMAX Category Low Category High MAMAX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.33% 35.09% 3

Dividend Distribution Analysis

MAMAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MAMAX Category Low Category High MAMAX % Rank Quintile
Net Income Ratio 1.23% -2.96% 9.94% 13.83% 3

Capital Gain Distribution Analysis

MAMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MAMAX - Managers

Joseph C. Flaherty

Manager

Start Date

Jun 28, 2002

Tenure

14.1

Tenure Rank

0.8%

Joseph C. Flaherty, Jr., is an investment officer and chief investment risk officer at MFS Investment Management® (MFS®). He serves as the director of the MFS' Quantitative Solutions group and is a portfolio manager of the firm's asset allocation portfolios. Joe joined MFS as a fixed-income quantitative research associate in 1993 and was named quantitative research analyst in 1996. He became manager of the Quantitative Research Group and portfolio manager in 1999, director of Fixed Income Quantitative Research in 2004, and director of the Quantitative Solutions Team in 2005. He earned a Bachelor of Science degree in mechanical engineering from Tufts University in 1984 and an MBA from Bentley College in 1990.


Tenure Analysis

Category Low

0.0

Category High

35.5

Category Average

5.28

Category Mode

1.6