MFS Lifetime 2040 A (MLFAX)
| Fund Assets | 844.46M |
| Expense Ratio | 0.81% |
| Min. Investment | $1,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 1.00 |
| Dividend Yield | 4.28% |
| Dividend Growth | 64.23% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 21.91 |
| YTD Return | 14.12% |
| 1-Year Return | 12.62% |
| 5-Year Return | 70.06% |
| 52-Week Low | 17.55 |
| 52-Week High | 22.09 |
| Beta (5Y) | n/a |
| Holdings | 28 |
| Inception Date | Sep 29, 2005 |
About MLFAX
MFS Lifetime 2040 Fund Class A is a target-date mutual fund tailored for investors planning to retire around the year 2040. Its primary purpose is to seek a high level of total return, aligning its asset allocation with a gradual progression from growth-oriented investments during the early years to a more conservative portfolio as 2040 approaches. The fund dynamically adjusts its mix of equities, fixed income, and specialty asset classes to balance growth potential and risk mitigation over time. Notably, it achieves broad diversification by investing primarily in other underlying MFS mutual funds, utilizing a structured, two-stage asset allocation process for both strategic asset class exposure and fund selection. This approach provides investors with convenient access to professional management, periodic rebalancing, and disciplined risk controls as the fund’s composition becomes increasingly defensive nearing its target date. MFS Lifetime 2040 Fund Class A plays a vital role in retirement planning, serving individuals seeking an all-in-one solution that evolves in tandem with their investment horizon and anticipated retirement needs.
Performance
MLFAX had a total return of 12.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.59%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
55.88% of assets| Name | Symbol | Weight |
|---|---|---|
| MFS Blended Research Mid Cap Eq R6 | BMSYX | 9.12% |
| MFS Blended Research Intl Eq R6 | BRXVX | 8.70% |
| MFS Blended Research Value Equity R6 | BRUNX | 5.04% |
| MFS Value R6 | MEIKX | 5.04% |
| MFS Inflation-Adjusted Bond R6 | MIAKX | 4.95% |
| MFS Blended Research Core Equity R6 | MUEVX | 4.64% |
| MFS Blended Research Growth Eq R6 | BRWVX | 4.64% |
| MFS Research R6 | MFRKX | 4.63% |
| MFS Growth R6 | MFEKX | 4.58% |
| MFS Mid Cap Value R6 | MVCKX | 4.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $1.00081 | Dec 27, 2024 |
| Dec 27, 2023 | $0.60939 | Dec 28, 2023 |
| Dec 28, 2022 | $1.02098 | Dec 29, 2022 |
| Dec 28, 2021 | $1.76251 | Dec 29, 2021 |
| Dec 29, 2020 | $0.52739 | Dec 30, 2020 |
| Dec 26, 2019 | $0.95584 | Dec 26, 2019 |