MAMAX: MFS Moderate Allocation A

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MAMAX MFS Moderate Allocation A


Profile

MAMAX - Profile

Vitals

  • YTD Return 19.1%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $5.72 B
  • Holdings in Top 10 73.9%

52 WEEK LOW AND HIGH

$19.04
$15.84
$19.04

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 19.1%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
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.


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Categories

Performance

MAMAX - Performance

Return Ranking - Trailing

Period MAMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.1% 6.6% 25.2% 20.24%
1 Yr 10.4% -5.5% 15.1% 31.98%
3 Yr 4.6%* -1.7% 11.7% 45.58%
5 Yr 2.7%* -3.8% 8.3% 44.44%
10 Yr 4.6%* 0.9% 10.4% 46.62%

* Annualized

Return Ranking - Calendar

Period MAMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.0% -25.7% -4.4% 28.63%
2017 9.8% 3.7% 18.6% 61.54%
2016 3.7% -7.8% 13.9% 40.18%
2015 -6.3% -15.1% 0.0% 59.62%
2014 1.8% -8.8% 53.8% 53.27%

Total Return Ranking - Trailing

Period MAMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.1% 6.6% 25.2% 20.24%
1 Yr 16.3% -5.5% 20.7% 10.53%
3 Yr 9.1%* -1.7% 11.7% 17.26%
5 Yr 6.9%* -3.8% 10.9% 21.30%
10 Yr 8.0%* 0.9% 10.4% 32.33%

* Annualized

Total Return Ranking - Calendar

Period MAMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -25.7% -2.8% 12.03%
2017 14.8% 3.7% 22.8% 49.77%
2016 6.5% -7.8% 19.9% 42.47%
2015 -0.9% -14.9% 7.6% 22.60%
2014 4.1% -8.0% 56.3% 54.77%

NAV & Total Return History


Holdings

MAMAX - Holdings

Concentration Analysis

MAMAX Category Low Category High MAMAX % Rank
Net Assets 5.72 B 8.44 M 22.7 B 19.03%
Number of Holdings 21 4 1755 44.13%
Net Assets in Top 10 4.17 B 4.74 M 21.9 B 20.24%
Weighting of Top 10 73.88% 23.8% 100.0% 73.68%

Top 10 Holdings

  1. MFS Government Securities R6 9.88%
  2. MFS Growth R6 8.03%
  3. MFS Value R6 8.03%
  4. MFS Research R6 8.02%
  5. MFS Total Return Bond R6 7.94%
  6. MFS Mid Cap Value R6 7.03%
  7. MFS Mid Cap Growth R6 6.97%
  8. MFS Inflation-Adjusted Bond R6 6.90%
  9. MFS Research International R6 6.10%
  10. MFS High Income R6 4.99%

Asset Allocation

Weighting Return Low Return High MAMAX % Rank
Stocks
56.39% 20.19% 88.99% 81.78%
Bonds
39.31% 5.78% 77.70% 22.27%
Cash
3.99% -12.98% 13.49% 41.70%
Convertible Bonds
0.26% 0.00% 1.16% 41.30%
Other
0.04% -2.45% 5.01% 67.61%
Preferred Stocks
0.00% 0.00% 5.27% 87.45%

Stock Sector Breakdown

Weighting Return Low Return High MAMAX % Rank
Financial Services
9.30% 0.00% 17.56% 56.28%
Technology
8.19% 0.00% 17.28% 72.47%
Industrials
8.06% 2.20% 12.35% 30.77%
Healthcare
6.88% 0.00% 13.12% 69.64%
Consumer Cyclical
4.92% 0.63% 11.88% 81.78%
Consumer Defense
4.80% 0.00% 9.09% 63.56%
Real Estate
4.73% 0.88% 35.01% 29.96%
Communication Services
3.40% 0.65% 8.44% 54.66%
Basic Materials
2.74% 0.00% 5.22% 51.82%
Utilities
1.80% 0.69% 16.57% 76.92%
Energy
1.55% 0.53% 14.89% 88.66%

Stock Geographic Breakdown

Weighting Return Low Return High MAMAX % Rank
US
41.30% 12.07% 67.97% 54.25%
Non US
15.09% 8.12% 40.10% 81.78%

Bond Sector Breakdown

Weighting Return Low Return High MAMAX % Rank
Government
16.54% 0.00% 44.76% 15.38%
Corporate
12.20% 0.84% 36.34% 36.03%
Securitized
10.45% 0.00% 27.69% 33.20%
Cash & Equivalents
3.99% -12.72% 13.49% 39.27%
Municipal
0.39% 0.00% 3.43% 29.55%
Derivative
0.00% -7.47% 17.50% 61.13%

Bond Geographic Breakdown

Weighting Return Low Return High MAMAX % Rank
US
30.34% 5.62% 55.66% 31.58%
Non US
8.97% 0.16% 26.41% 14.98%

Expenses

MAMAX - Expenses

Operational Fees

MAMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.00% 3.26% 72.87%
Management Fee 0.00% 0.00% 1.25% 28.74%
12b-1 Fee 0.25% 0.00% 1.00% 41.90%
Administrative Fee N/A 0.00% 0.47% N/A

Sales Fees

MAMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.50% 5.75% 38.30%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MAMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

MAMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 0.00% 224.00% 4.08%

Distributions

MAMAX - Distributions

Dividend Yield Analysis

MAMAX Category Low Category High MAMAX % Rank
Dividend Yield 0.18% 0.00% 1.98% 68.83%

Dividend Distribution Analysis

MAMAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

MAMAX Category Low Category High MAMAX % Rank
Net Income Ratio 2.09% -0.15% 4.11% 24.29%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MAMAX - Fund Manager Analysis

Managers

Joseph C. Flaherty


Start Date

Tenure

Tenure Rank

Jun 28, 2002

17.44

17.4%

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 I. Shapiro


Start Date

Tenure

Tenure Rank

Sep 01, 2018

1.25

1.3%

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
0.17 25.18 6.56 7.54