MFS Lifetime 2020 R2
Name
As of 08/04/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
-4.1%
5 Yr Avg Return
-1.7%
Net Assets
$279 M
Holdings in Top 10
78.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/04/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFLGX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return -4.1%
- 5 Yr Annualized Total Return -0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMFS Lifetime 2020 Fund
-
Fund Family NameMFS
-
Inception DateSep 29, 2005
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoseph Flaherty
Fund Description
The fund is designed to provide diversification among different asset classes for investors with the approximate retirement year in the fund’s name. MFS (Massachusetts Financial Services Company, the fund’s investment adviser) invests substantially all of the fund’s assets in other MFS mutual funds, referred to as underlying funds. The underlying funds are selected following a two-stage asset allocation process.
The first stage is a strategic asset allocation to determine the percentage of the fund’s assets invested in the general asset classes of (1) Bond Funds, (2) International Stock Funds, and (3) U.S. Stock Funds, as well as (4) Specialty Funds (underlying funds that have less traditional investment strategies that MFS believes provide diversification benefits when added to a portfolio consisting of stock and bond funds).
The second stage involves the actual selection of underlying funds to represent the asset classes based on underlying fund classifications, historical risk, performance, and other factors.
Within the stock fund allocations, MFS seeks to diversify by geography (by including domestic and international underlying funds), in terms of market capitalization (by including large, mid, and small capitalization underlying funds) and by style (by including both growth and value underlying funds).
Within the bond fund allocation, MFS includes underlying funds with varying degrees of geographic, interest rate and credit exposure, including exposure to below investment grade quality debt instruments.
MFS normally invests the underlying funds’ assets across different industries, sectors, countries, and regions, but MFS may invest a significant percentage of the underlying funds’ assets in issuers in a single industry, sector, country, or region.
As of August 1, 2021, the fund’s approximate target allocation among asset classes and the underlying funds was:
Bond Funds: | 71.0 | % | |
MFS Emerging Markets Debt Fund | 1.0 | % | |
MFS Emerging Markets Debt Local Currency Fund | 1.0 | % | |
MFS Global Opportunistic Bond Fund1 | 7.0 | % | |
MFS Government Securities Fund | 10.0 | % | |
MFS High Income Fund | 2.0 | % | |
MFS Inflation-Adjusted Bond Fund | 10.0 | % | |
MFS Limited Maturity Fund | 20.0 | % | |
MFS Total Return Bond Fund | 20.0 | % | |
International Stock Funds: | 5.0 | % | |
MFS Blended Research International Equity Fund | 2.5 | % | |
MFS International Growth Fund | 0.5 | % | |
MFS International Intrinsic Value Fund | 0.5 | % | |
MFS Research International Fund | 1.5 | % | |
U.S. Stock Funds: | 20.0 | % | |
MFS Blended Research Core Equity Fund | 2.0 | % | |
MFS Blended Research Growth Equity Fund | 2.0 | % | |
MFS Blended Research Mid Cap Equity Fund | 3.0 | % | |
MFS Blended Research Small Cap Equity Fund | 1.0 | % | |
MFS Blended Research Value Equity Fund | 2.0 | % | |
MFS Growth Fund | 2.0 | % | |
MFS Mid Cap Growth Fund | 1.5 | % | |
MFS Mid Cap Value Fund | 1.5 | % | |
MFS New Discovery Fund | 0.5 | % | |
MFS New Discovery Value Fund | 0.5 | % | |
MFS Research Fund | 2.0 | % | |
MFS Value Fund | 2.0 | % | |
Specialty Funds: | 4.0 | % | |
MFS Commodity Strategy Fund | 2.0 | % | |
MFS Global Real Estate Fund | 2.0 | % |
1 Effective April 30, 2021, the name of MFS Global Bond Fund changed to MFS Global Opportunistic Bond Fund.
All percentages are rounded to the nearest tenth of a percent. As a result, the sum of the target underlying fund allocations in each asset class may not equal the target asset class allocations for such asset class, and the target asset class and underlying fund allocations presented in the table may not total 100%.
The asset class allocations, as well as the underlying funds and their target weightings, are based on an allocation strategy designed for investors with the approximate retirement year in the fund’s name. Investors should also consider their age, personal circumstances, risk tolerance, and overall investment strategy and allocation. The asset allocation strategy will become increasingly conservative over time, shifting more weight from Stock Funds and Specialty Funds to Bond Funds.
Upon reaching its stated target year, the fund’s allocation strategy will be aligned with the allocation strategy of MFS Lifetime Income Fund. It is expected that the fund will be combined with MFS Lifetime Income Fund within five years of the date that its asset allocation strategy matches the asset allocation strategy of MFS Lifetime Income Fund. MFS Lifetime Income Fund is designed for investors who intend to withdraw assets over an extended period of time or who want an investment with an asset allocation mix similar to MFS Lifetime Income Fund’s target asset allocation. The chart below illustrates, as of August 1, 2021, how the asset allocation strategy of the fund will change over time.
Years to Retirement | Bond | International Stock | U.S. Stock | Specialty | |
RI | -10 | 71 | 5 | 20 | 4 |
RI | -5 | 71 | 5 | 20 | 4 |
RI | 0 | 71 | 5 | 20 | 4 |
Con | 5 | 60 | 8 | 28 | 4 |
Mod | 10 | 40 | 13 | 41 | 6 |
Growth | 15 | 20 | 20 | 52 | 8 |
formula | 20 | 12.5 | 24 | 54.5 | 9 |
2040 | 25 | 5 | 28 | 57 | 10 |
2040 | 30 | 5 | 28 | 57 | 10 |
2040 | 35 | 5 | 28 | 57 | 10 |
2040 | 40 | 5 | 28 | 57 | 10 |
2040 | 45 | 5 | 28 | 57 | 10 |
2040 | 50 | 5 | 28 | 57 | 10 |
2040 | 55 | 5 | 28 | 57 | 10 |
MFLGX - Performance
Return Ranking - Trailing
Period | MFLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 2.5% | 8.3% | 6.25% |
1 Yr | N/A | -20.2% | 2.3% | 8.55% |
3 Yr | -4.1%* | -27.0% | 4.5% | 53.79% |
5 Yr | -1.7%* | -16.5% | 1.9% | 44.96% |
10 Yr | -0.3%* | -7.3% | 3.1% | 37.10% |
* Annualized
Return Ranking - Calendar
Period | MFLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.2% | -32.2% | -7.8% | 5.23% |
2022 | -0.9% | -34.6% | 5.8% | 66.90% |
2021 | 1.8% | -4.2% | 4.1% | 70.14% |
2020 | 2.2% | 0.0% | 3.7% | 76.98% |
2019 | -1.7% | -3.6% | -1.0% | 29.84% |
Total Return Ranking - Trailing
Period | MFLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 2.5% | 8.3% | 6.25% |
1 Yr | N/A | -20.2% | 2.3% | 8.55% |
3 Yr | -4.1%* | -27.0% | 4.5% | 54.48% |
5 Yr | -0.7%* | -16.5% | 1.9% | 34.11% |
10 Yr | 2.0%* | -7.3% | 3.8% | 29.03% |
* Annualized
Total Return Ranking - Calendar
Period | MFLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.2% | -32.2% | -7.8% | 5.23% |
2022 | -0.9% | -34.6% | 5.8% | 66.90% |
2021 | 1.8% | -4.2% | 4.1% | 70.14% |
2020 | 2.2% | 0.0% | 3.7% | 76.98% |
2019 | -0.6% | -3.6% | -0.5% | 8.06% |
NAV & Total Return History
MFLGX - Holdings
Concentration Analysis
MFLGX | Category Low | Category High | MFLGX % Rank | |
---|---|---|---|---|
Net Assets | 279 M | 1.43 M | 46 B | 66.23% |
Number of Holdings | 27 | 7 | 562 | 44.81% |
Net Assets in Top 10 | 223 M | 169 K | 45.4 B | 66.88% |
Weighting of Top 10 | 78.91% | 47.3% | 100.0% | 41.33% |
Top 10 Holdings
- MFS Limited Maturity R6 20.27%
- MFS Total Return Bond R6 20.03%
- MFS Inflation-Adjusted Bond R6 10.07%
- MFS Government Securities R6 10.04%
- MFS Global Opportunistic Bd R6 7.05%
- MFS Blended Research Mid Cap Eq R6 2.94%
- MFS Blended Research Intl Eq R6 2.48%
- MFS Commodity Strategy R6 2.04%
- MFS High Income R6 2.02%
- MFS Blended Research Value Equity R6 1.97%
Asset Allocation
Weighting | Return Low | Return High | MFLGX % Rank | |
---|---|---|---|---|
Bonds | 70.33% | 22.15% | 75.85% | 5.84% |
Stocks | 25.93% | 0.00% | 51.46% | 97.40% |
Other | 2.08% | -0.70% | 9.51% | 15.58% |
Convertible Bonds | 1.40% | 0.00% | 1.40% | 5.19% |
Cash | 0.25% | -1.67% | 45.29% | 98.70% |
Preferred Stocks | 0.00% | 0.00% | 0.31% | 90.91% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MFLGX % Rank | |
---|---|---|---|---|
Technology | 18.12% | 13.94% | 23.92% | 53.29% |
Financial Services | 14.20% | 12.26% | 19.15% | 79.61% |
Healthcare | 12.54% | 10.66% | 15.12% | 50.66% |
Industrials | 11.20% | 8.53% | 12.76% | 40.13% |
Real Estate | 10.77% | 1.87% | 16.02% | 15.79% |
Consumer Cyclical | 10.06% | 7.73% | 13.31% | 68.42% |
Consumer Defense | 6.07% | 4.92% | 10.96% | 61.84% |
Communication Services | 5.83% | 5.56% | 9.97% | 94.08% |
Basic Materials | 4.37% | 3.04% | 7.27% | 69.08% |
Energy | 3.86% | 2.44% | 8.11% | 80.26% |
Utilities | 2.96% | 1.91% | 7.99% | 46.05% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MFLGX % Rank | |
---|---|---|---|---|
US | 19.76% | 0.00% | 39.75% | 93.51% |
Non US | 6.17% | 0.00% | 26.19% | 98.05% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MFLGX % Rank | |
---|---|---|---|---|
Government | 41.02% | 21.49% | 99.39% | 53.90% |
Corporate | 30.12% | 0.01% | 46.14% | 38.96% |
Securitized | 21.95% | 0.00% | 30.82% | 24.03% |
Cash & Equivalents | 5.43% | 0.60% | 62.69% | 88.31% |
Municipal | 1.33% | 0.00% | 1.33% | 5.19% |
Derivative | 0.15% | 0.00% | 15.15% | 34.42% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MFLGX % Rank | |
---|---|---|---|---|
US | 57.71% | 20.15% | 75.85% | 5.84% |
Non US | 12.62% | 0.00% | 16.75% | 12.34% |
MFLGX - Expenses
Operational Fees
MFLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.01% | 49.43% | 30.41% |
Management Fee | 0.00% | 0.00% | 0.62% | 16.34% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 78.21% |
Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
MFLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
MFLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
MFLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 5.00% | 137.00% | 44.12% |
MFLGX - Distributions
Dividend Yield Analysis
MFLGX | Category Low | Category High | MFLGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.73% | 60.39% |
Dividend Distribution Analysis
MFLGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Semi-Annually |
Net Income Ratio Analysis
MFLGX | Category Low | Category High | MFLGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.59% | 0.16% | 6.66% | 58.28% |
Capital Gain Distribution Analysis
MFLGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 26, 2019 | $0.579 | OrdinaryDividend |
Dec 27, 2018 | $0.288 | OrdinaryDividend |
Dec 27, 2017 | $0.319 | OrdinaryDividend |
Dec 28, 2016 | $0.181 | OrdinaryDividend |
Dec 29, 2015 | $0.191 | OrdinaryDividend |
Dec 29, 2014 | $0.232 | OrdinaryDividend |
Dec 27, 2013 | $0.185 | OrdinaryDividend |
Dec 27, 2012 | $0.198 | OrdinaryDividend |
Dec 27, 2011 | $0.270 | OrdinaryDividend |
Dec 28, 2010 | $0.206 | OrdinaryDividend |
Dec 28, 2009 | $0.227 | OrdinaryDividend |
Dec 29, 2005 | $0.150 | OrdinaryDividend |
MFLGX - Fund Manager Analysis
Managers
Joseph Flaherty
Start Date
Tenure
Tenure Rank
Sep 29, 2005
16.68
16.7%
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.
Natalie Shapiro
Start Date
Tenure
Tenure Rank
Sep 01, 2018
3.75
3.8%
Natalie I. Shapiro, Ph.D. is an Investment Officer, Portfolio Manager and Quantitative Fixed Income Research Analyst at MFS Investment Management® (MFS®). Prior to joining MFS in 1997, Natalie served as a research associate for the Federal Reserve Bank of Boston. Natalie has earned a bachelor's degree from Wellesley College and a doctorate from the University of Pennsylvania.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 16.68 | 6.05 | 2.41 |