MFS Growth Allocation A
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.6%
1 yr return
-10.8%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
1.9%
Net Assets
$6.18 B
Holdings in Top 10
72.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 7.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MAGWX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMFS Growth Allocation Fund
-
Fund Family NameMFS
-
Inception DateJun 28, 2002
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoseph Flaherty
Fund Description
The fund is designed to provide diversification among different asset classes by investing its assets in other mutual funds advised by MFS (Massachusetts Financial Services Company, the fund’s investment adviser), 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) based on the risk/return potential of the different asset classes and the risk profile of the fund.
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.
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 September 1, 2022, the fund’s approximate target allocation among asset classes and the underlying funds was:
| Bond Funds: | 20.0 | % |
| MFS Emerging Markets Debt Fund | 3.0 | % |
| MFS Emerging Markets Debt Local Currency Fund | 2.0 | % |
| MFS Global Opportunistic Bond Fund | 3.0 | % |
| MFS High Income Fund | 4.0 | % |
| MFS Inflation-Adjusted Bond Fund | 5.0 | % |
| MFS Total Return Bond Fund | 3.0 | % |
| International Stock Funds: | 20.0 | % |
| MFS Emerging Markets Equity Fund | 2.0 | % |
| MFS International Growth Fund | 3.0 | % |
| MFS International Intrinsic Value Fund | 3.0 | % |
| MFS International Large Cap Value Fund | 3.0 | % |
| MFS International New Discovery Fund | 2.0 | % |
| MFS Research International Fund | 7.0 | % |
| U.S. Stock Funds: | 52.0 | % |
| MFS Growth Fund | 10.0 | % |
| MFS Mid Cap Growth Fund | 9.0 | % |
| MFS Mid Cap Value Fund | 9.0 | % |
| MFS New Discovery Fund | 2.0 | % |
| MFS New Discovery Value Fund | 2.0 | % |
| MFS Research Fund | 10.0 | % |
| MFS Value Fund | 10.0 | % |
| Specialty Funds: | 8.0 | % |
| MFS Commodity Strategy Fund | 4.0 | % |
| MFS Global Real Estate Fund | 4.0 | % |
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%.
MAGWX - Performance
Return Ranking - Trailing
| Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -21.1% | 20.0% | 61.64% |
| 1 Yr | -10.8% | -30.1% | 45.2% | 37.50% |
| 3 Yr | -0.2%* | -8.9% | 14.4% | 30.34% |
| 5 Yr | 1.9%* | -7.8% | 11.4% | 15.75% |
| 10 Yr | 3.4%* | -6.1% | 10.9% | 16.11% |
* Annualized
Return Ranking - Calendar
| Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -19.8% | -37.4% | 14.2% | 41.16% |
| 2021 | 3.9% | -5.0% | 24.1% | 50.83% |
| 2020 | 3.4% | -19.3% | 21.3% | 29.51% |
| 2019 | 4.8% | -18.2% | 16.6% | 10.04% |
| 2018 | -2.5% | -6.1% | 15.0% | 37.78% |
Total Return Ranking - Trailing
| Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -21.1% | 20.0% | 61.64% |
| 1 Yr | -10.8% | -30.1% | 58.7% | 40.24% |
| 3 Yr | -0.2%* | -8.9% | 22.1% | 33.77% |
| 5 Yr | 3.3%* | -7.8% | 16.4% | 17.48% |
| 10 Yr | 5.7%* | -2.6% | 10.9% | 18.14% |
* Annualized
Total Return Ranking - Calendar
| Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -19.8% | -37.4% | 14.2% | 41.16% |
| 2021 | 3.9% | -5.0% | 24.1% | 50.83% |
| 2020 | 3.4% | -19.3% | 21.3% | 29.51% |
| 2019 | 4.8% | -10.8% | 16.6% | 10.04% |
| 2018 | -1.2% | -6.1% | 19.3% | 10.37% |
NAV & Total Return History
MAGWX - Holdings
Concentration Analysis
| MAGWX | Category Low | Category High | MAGWX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.18 B | 963 K | 126 B | 22.12% |
| Number of Holdings | 22 | 4 | 7731 | 65.97% |
| Net Assets in Top 10 | 4.57 B | 2.04 K | 28.9 B | 15.82% |
| Weighting of Top 10 | 72.42% | 13.3% | 100.0% | 38.51% |
Top 10 Holdings
- MFS Value R6 10.29%
- MFS Research R6 9.85%
- MFS Growth R6 9.31%
- MFS Mid Cap Value R6 9.27%
- MFS Mid Cap Growth R6 8.32%
- MFS Research International R6 6.74%
- MFS Commodity Strategy R6 5.21%
- MFS Inflation-Adjusted Bond R6 5.18%
- MFS Global Real Estate R6 4.16%
- MFS High Income R6 4.09%
Asset Allocation
| Weighting | Return Low | Return High | MAGWX % Rank | |
|---|---|---|---|---|
| Stocks | 72.77% | 0.19% | 99.72% | 64.18% |
| Bonds | 20.93% | 0.00% | 91.12% | 22.99% |
| Other | 5.31% | -2.66% | 17.60% | 8.96% |
| Cash | 0.78% | -7.71% | 88.33% | 81.79% |
| Convertible Bonds | 0.22% | 0.00% | 26.48% | 70.45% |
| Preferred Stocks | 0.00% | 0.00% | 26.97% | 79.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MAGWX % Rank | |
|---|---|---|---|---|
| Technology | 16.68% | 0.00% | 52.93% | 68.96% |
| Financial Services | 15.43% | 0.01% | 52.80% | 43.28% |
| Industrials | 13.45% | 0.02% | 51.90% | 7.76% |
| Healthcare | 12.67% | 0.00% | 36.30% | 55.22% |
| Consumer Cyclical | 9.66% | 0.00% | 22.75% | 66.57% |
| Real Estate | 8.06% | 0.00% | 33.86% | 20.90% |
| Consumer Defense | 6.95% | 0.00% | 27.24% | 37.01% |
| Communication Services | 5.49% | 0.00% | 26.62% | 78.21% |
| Basic Materials | 5.39% | 0.00% | 44.18% | 20.30% |
| Utilities | 3.31% | 0.00% | 31.67% | 23.28% |
| Energy | 2.90% | 0.00% | 39.46% | 90.75% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MAGWX % Rank | |
|---|---|---|---|---|
| US | 49.89% | 0.19% | 96.85% | 77.91% |
| Non US | 22.88% | 0.00% | 38.11% | 28.36% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MAGWX % Rank | |
|---|---|---|---|---|
| Government | 44.12% | 0.00% | 99.71% | 15.52% |
| Corporate | 32.13% | 0.00% | 100.00% | 50.75% |
| Cash & Equivalents | 14.99% | 0.00% | 100.00% | 66.57% |
| Securitized | 7.29% | 0.00% | 37.97% | 64.48% |
| Derivative | 0.81% | 0.00% | 38.84% | 32.84% |
| Municipal | 0.65% | 0.00% | 17.02% | 21.49% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MAGWX % Rank | |
|---|---|---|---|---|
| US | 13.43% | 0.00% | 91.12% | 48.36% |
| Non US | 7.50% | 0.00% | 18.39% | 3.88% |
MAGWX - Expenses
Operational Fees
| MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | 0.11% | 3.15% | 51.34% |
| Management Fee | 0.00% | 0.00% | 1.25% | 7.79% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.91% |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 0.00% | 5.75% | 13.24% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | 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.
| MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 7.00% | 4.00% | 398.00% | 4.01% |
MAGWX - Distributions
Dividend Yield Analysis
| MAGWX | Category Low | Category High | MAGWX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.19% | 0.00% | 8.78% | 66.96% |
Dividend Distribution Analysis
| MAGWX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| MAGWX | Category Low | Category High | MAGWX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -1.12% | 6.07% | 56.27% |
Capital Gain Distribution Analysis
| MAGWX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2018 | $0.393 | OrdinaryDividend |
| Dec 27, 2017 | $0.401 | OrdinaryDividend |
| Dec 28, 2016 | $0.223 | OrdinaryDividend |
| Dec 29, 2015 | $0.280 | OrdinaryDividend |
| Dec 29, 2014 | $0.293 | OrdinaryDividend |
| Dec 27, 2013 | $0.243 | OrdinaryDividend |
| Dec 27, 2012 | $0.256 | OrdinaryDividend |
| Dec 27, 2011 | $0.307 | OrdinaryDividend |
| Dec 28, 2010 | $0.248 | OrdinaryDividend |
| Dec 28, 2009 | $0.288 | OrdinaryDividend |
| Dec 30, 2003 | $0.080 | OrdinaryDividend |
MAGWX - Fund Manager Analysis
Managers
Joseph Flaherty
Start Date
Tenure
Tenure Rank
Jun 28, 2002
19.94
19.9%
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 | 38.44 | 7.44 | 2.41 |