MFS Lifetime 2040 Fund Class A (MLFAX)

Fund Assets	844.46M
Expense Ratio	0.814%
Min. Investment	$1,000
Turnover	13.00%
Dividend (ttm)	0.55
Dividend Yield	2.48%
Dividend Growth	5.83%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	22.09
YTD Return	7.39%
1-Year Return	9.35%
5-Year Return	35.32%
52-Week Low	20.03
52-Week High	23.14
Beta (5Y)	0.86
Holdings	29
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.

• Fund Family: MFS
• Category: Target-Date 2040
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MLFAX
• Share Class: A
• Index: S&P 500 TR

Performance

MLFAX had a total return of 9.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.60%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FAFFX	Fidelity	Fidelity Advisor Freedom 2040 A	0.87%
FCFFX	Fidelity	Fidelity Advisor Freedom 2040 C	1.67%
FCLSX	Fidelity	Fidelity Flex Freedom Blend 2040 Fund	n/a
FFFFX	Fidelity	Fidelity Freedom 2040 Fund	0.64%
FHTKX	Fidelity	Fidelity Freedom 2040 Fund Class K6	0.42%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MLFKX	R6	0.39%
MLFIX	I	0.53%
MLFJX	R4	0.53%
MLFHX	R3	0.78%

Top 10 Holdings

54.57% of assets

Name	Symbol	Weight
MFS Blended Research Mid Cap Eq R6	BMSYX	8.60%
MFS Blended Research Intl Eq R6	BRXVX	8.32%
MFS Inflation-Adjusted Bond R6	MIAKX	5.38%
MFS Blended Research Value Equity R6	BRUNX	4.79%
MFS Value R6	MEIKX	4.75%
MFS Blended Research Growth Eq R6	BRWVX	4.63%
MFS Growth R6	MFEKX	4.62%
MFS Research R6	MFRKX	4.55%
MFS Blended Research Core Equity R6	MUEVX	4.52%
MFS Mid Cap Growth R6	OTCKX	4.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$1.56443	Dec 24, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 8, 2026

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