MFS Lifetime Income 529B
Name
As of 03/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.0%
1 yr return
2.5%
3 Yr Avg Return
6.4%
5 Yr Avg Return
5.0%
Net Assets
$645 M
Holdings in Top 10
78.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.52%
SALES FEES
Front Load N/A
Deferred Load 4.00%
TRADING FEES
Turnover 12.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MLLRX - Profile
Distributions
- YTD Total Return -5.0%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.51%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMFS Lifetime Income Fund
-
Fund Family NameMFS
-
Inception DateJan 08, 2015
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoseph Flaherty
Fund Description
The fund is designed to provide diversification among different asset classes by investing the majority of 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).
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.
The 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 the fund’s target asset allocation.
As of August 1, 2022, 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 Fund | 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 | % |
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%.
MLLRX - Performance
Return Ranking - Trailing
Period | MLLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.0% | -12.0% | -0.2% | 23.67% |
1 Yr | 2.5% | -11.9% | 3.2% | 0.82% |
3 Yr | 6.4%* | -0.2% | 6.4% | 0.47% |
5 Yr | 5.0%* | 0.5% | 5.9% | 10.11% |
10 Yr | 4.1%* | 1.6% | 5.8% | 50.00% |
* Annualized
Return Ranking - Calendar
Period | MLLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.2% | -23.5% | 10.3% | 40.00% |
2022 | 6.3% | -15.2% | 12.6% | 28.50% |
2021 | 9.3% | -1.1% | 13.9% | 36.31% |
2020 | -6.6% | -13.1% | 0.5% | 43.59% |
2019 | 4.3% | -12.3% | 10.3% | 56.74% |
Total Return Ranking - Trailing
Period | MLLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.0% | -16.0% | -0.3% | 12.65% |
1 Yr | -1.4% | -13.0% | 3.2% | 7.52% |
3 Yr | 5.5%* | -1.1% | 6.0% | 3.11% |
5 Yr | 4.7%* | 0.2% | 5.9% | 15.34% |
10 Yr | 4.1%* | 1.6% | 5.8% | 46.43% |
* Annualized
Total Return Ranking - Calendar
Period | MLLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.2% | -23.5% | 10.3% | 40.00% |
2022 | 6.3% | -15.2% | 12.6% | 28.50% |
2021 | 9.3% | -1.1% | 13.9% | 36.31% |
2020 | -5.1% | -12.9% | 0.5% | 57.05% |
2019 | 5.8% | -12.3% | 12.7% | 52.48% |
NAV & Total Return History
MLLRX - Holdings
Concentration Analysis
MLLRX | Category Low | Category High | MLLRX % Rank | |
---|---|---|---|---|
Net Assets | 645 M | 149 K | 23.5 B | 17.34% |
Number of Holdings | 27 | 2 | 1437 | 45.56% |
Net Assets in Top 10 | 507 M | 115 K | 23.2 B | 15.73% |
Weighting of Top 10 | 78.58% | 4.3% | 100.0% | 49.77% |
Top 10 Holdings
- MFS Total Return Bond R6 20.04%
- MFS Limited Maturity R6 19.95%
- MFS Inflation-Adjusted Bond R6 10.13%
- MFS Government Securities R6 10.02%
- MFS Global Opportunistic Bd R6 6.98%
- MFS Blended Research Mid Cap Eq R6 3.00%
- MFS Blended Research Intl Eq R6 2.43%
- MFS Commodity Strategy R6 2.02%
- MFS High Income R6 2.01%
- MFS Research R6 2.00%
Asset Allocation
Weighting | Return Low | Return High | MLLRX % Rank | |
---|---|---|---|---|
Bonds | 68.77% | -4.57% | 128.62% | 36.69% |
Stocks | 26.54% | 0.00% | 48.94% | 52.82% |
Other | 2.46% | -0.49% | 63.11% | 15.32% |
Convertible Bonds | 1.39% | 0.00% | 7.43% | 15.73% |
Cash | 0.84% | -35.30% | 78.19% | 77.82% |
Preferred Stocks | 0.00% | 0.00% | 31.07% | 75.81% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MLLRX % Rank | |
---|---|---|---|---|
Technology | 18.90% | 1.82% | 27.09% | 35.83% |
Financial Services | 14.30% | 11.80% | 19.75% | 72.73% |
Healthcare | 12.25% | 6.55% | 14.86% | 22.46% |
Industrials | 11.19% | 4.26% | 12.45% | 37.43% |
Real Estate | 10.68% | 1.77% | 24.64% | 13.37% |
Consumer Cyclical | 10.30% | 4.62% | 12.80% | 78.61% |
Communication Services | 6.70% | 4.12% | 9.27% | 73.26% |
Consumer Defense | 5.71% | 4.43% | 10.89% | 74.33% |
Basic Materials | 4.05% | 2.20% | 7.76% | 74.33% |
Energy | 3.17% | 2.91% | 12.99% | 89.84% |
Utilities | 2.75% | 1.74% | 10.46% | 50.80% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MLLRX % Rank | |
---|---|---|---|---|
US | 20.31% | 0.00% | 33.62% | 45.97% |
Non US | 6.23% | 0.00% | 19.45% | 69.35% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MLLRX % Rank | |
---|---|---|---|---|
Government | 36.56% | 0.00% | 99.96% | 44.76% |
Corporate | 27.84% | 0.00% | 99.81% | 40.32% |
Securitized | 20.40% | 0.00% | 92.81% | 33.06% |
Derivative | 7.13% | 0.00% | 13.40% | 12.90% |
Cash & Equivalents | 6.65% | 0.00% | 99.86% | 64.11% |
Municipal | 1.41% | 0.00% | 99.82% | 13.71% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MLLRX % Rank | |
---|---|---|---|---|
US | 53.92% | -4.57% | 128.62% | 52.42% |
Non US | 14.85% | 0.00% | 19.05% | 5.65% |
MLLRX - Expenses
Operational Fees
MLLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.52% | 0.06% | 3.21% | 3.24% |
Management Fee | 0.00% | 0.00% | 0.77% | 10.48% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.57% |
Administrative Fee | 0.05% | 0.01% | 0.30% | 20.00% |
Sales Fees
MLLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.75% | 5.75% | N/A |
Deferred Load | 4.00% | 1.00% | 5.00% | 11.76% |
Trading Fees
MLLRX 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.
MLLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 0.00% | 121.26% | 32.38% |
MLLRX - Distributions
Dividend Yield Analysis
MLLRX | Category Low | Category High | MLLRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.63% | 0.00% | 4.10% | 6.85% |
Dividend Distribution Analysis
MLLRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
MLLRX | Category Low | Category High | MLLRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.51% | -0.09% | 7.19% | 54.87% |
Capital Gain Distribution Analysis
MLLRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 01, 2022 | $0.014 | DailyAccrualFund |
Feb 01, 2022 | $0.014 | DailyAccrualFund |
Dec 31, 2021 | $0.199 | DailyAccrualFund |
Dec 01, 2021 | $0.014 | DailyAccrualFund |
Nov 01, 2021 | $0.014 | DailyAccrualFund |
Oct 01, 2021 | $0.014 | DailyAccrualFund |
Sep 01, 2021 | $0.014 | DailyAccrualFund |
Aug 02, 2021 | $0.014 | DailyAccrualFund |
Jul 01, 2021 | $0.014 | DailyAccrualFund |
Jun 01, 2021 | $0.014 | DailyAccrualFund |
May 03, 2021 | $0.015 | DailyAccrualFund |
Apr 01, 2021 | $0.015 | DailyAccrualFund |
Mar 01, 2021 | $0.016 | DailyAccrualFund |
Feb 01, 2021 | $0.016 | DailyAccrualFund |
Dec 31, 2020 | $0.057 | DailyAccrualFund |
Dec 30, 2020 | $0.129 | DailyAccrualFund |
Dec 01, 2020 | $0.014 | DailyAccrualFund |
Nov 02, 2020 | $0.007 | DailyAccrualFund |
Oct 01, 2020 | $0.007 | DailyAccrualFund |
Sep 01, 2020 | $0.007 | DailyAccrualFund |
Aug 03, 2020 | $0.007 | DailyAccrualFund |
Jul 01, 2020 | $0.008 | DailyAccrualFund |
Jun 01, 2020 | $0.008 | DailyAccrualFund |
May 01, 2020 | $0.009 | DailyAccrualFund |
Apr 01, 2020 | $0.009 | DailyAccrualFund |
Mar 02, 2020 | $0.010 | DailyAccrualFund |
Feb 03, 2020 | $0.009 | DailyAccrualFund |
Dec 31, 2019 | $0.068 | DailyAccrualFund |
Dec 02, 2019 | $0.009 | DailyAccrualFund |
Nov 01, 2019 | $0.009 | DailyAccrualFund |
Oct 01, 2019 | $0.009 | DailyAccrualFund |
Sep 03, 2019 | $0.010 | DailyAccrualFund |
Aug 01, 2019 | $0.010 | DailyAccrualFund |
Jul 01, 2019 | $0.010 | OrdinaryDividend |
Jun 03, 2019 | $0.010 | DailyAccrualFund |
May 01, 2019 | $0.010 | DailyAccrualFund |
Apr 01, 2019 | $0.009 | DailyAccrualFund |
Mar 01, 2019 | $0.009 | DailyAccrualFund |
Feb 01, 2019 | $0.009 | DailyAccrualFund |
Dec 31, 2018 | $0.083 | DailyAccrualFund |
Dec 03, 2018 | $0.012 | DailyAccrualFund |
Nov 01, 2018 | $0.011 | DailyAccrualFund |
Sep 04, 2018 | $0.008 | DailyAccrualFund |
Aug 01, 2018 | $0.008 | DailyAccrualFund |
Jul 02, 2018 | $0.007 | DailyAccrualFund |
May 01, 2018 | $0.007 | DailyAccrualFund |
Apr 02, 2018 | $0.007 | DailyAccrualFund |
Mar 01, 2018 | $0.007 | DailyAccrualFund |
Feb 01, 2018 | $0.007 | DailyAccrualFund |
Dec 29, 2017 | $0.084 | DailyAccrualFund |
Dec 01, 2017 | $0.006 | DailyAccrualFund |
Nov 01, 2017 | $0.005 | DailyAccrualFund |
Oct 02, 2017 | $0.005 | DailyAccrualFund |
Sep 01, 2017 | $0.004 | DailyAccrualFund |
Aug 01, 2017 | $0.003 | DailyAccrualFund |
Jul 03, 2017 | $0.003 | DailyAccrualFund |
Jun 01, 2017 | $0.003 | DailyAccrualFund |
May 01, 2017 | $0.005 | DailyAccrualFund |
Apr 03, 2017 | $0.005 | DailyAccrualFund |
Mar 01, 2017 | $0.005 | DailyAccrualFund |
Feb 01, 2017 | $0.006 | DailyAccrualFund |
Dec 30, 2016 | $0.067 | DailyAccrualFund |
Dec 01, 2016 | $0.005 | DailyAccrualFund |
Nov 01, 2016 | $0.005 | DailyAccrualFund |
Oct 03, 2016 | $0.004 | DailyAccrualFund |
Sep 01, 2016 | $0.004 | DailyAccrualFund |
Aug 01, 2016 | $0.004 | DailyAccrualFund |
Jul 01, 2016 | $0.004 | DailyAccrualFund |
Jun 01, 2016 | $0.004 | DailyAccrualFund |
May 02, 2016 | $0.003 | DailyAccrualFund |
Apr 01, 2016 | $0.003 | DailyAccrualFund |
Mar 01, 2016 | $0.003 | DailyAccrualFund |
Feb 01, 2016 | $0.003 | DailyAccrualFund |
Dec 31, 2015 | $0.045 | DailyAccrualFund |
Dec 01, 2015 | $0.003 | DailyAccrualFund |
Nov 02, 2015 | $0.003 | DailyAccrualFund |
Oct 01, 2015 | $0.003 | DailyAccrualFund |
Sep 01, 2015 | $0.003 | DailyAccrualFund |
Aug 03, 2015 | $0.003 | DailyAccrualFund |
Jul 01, 2015 | $0.003 | DailyAccrualFund |
Jun 01, 2015 | $0.003 | DailyAccrualFund |
May 01, 2015 | $0.003 | DailyAccrualFund |
Apr 01, 2015 | $0.003 | DailyAccrualFund |
Mar 02, 2015 | $0.004 | DailyAccrualFund |
Jan 30, 2015 | $0.004 | DailyAccrualFund |
MLLRX - Fund Manager Analysis
Managers
Joseph Flaherty
Start Date
Tenure
Tenure Rank
Sep 29, 2005
16.43
16.4%
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 Shapiro
Start Date
Tenure
Tenure Rank
Sep 01, 2018
3.5
3.5%
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 |
---|---|---|---|
0.1 | 17.5 | 5.42 | 2.6 |