MFS Lifetime 2040 Fund Class B (MLFBX)

Fund Assets	844.46M
Expense Ratio	1.53%
Min. Investment	$1,000
Turnover	13.00%
Dividend (ttm)	0.25
Dividend Yield	1.12%
Dividend Growth	-20.53%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	22.46
YTD Return	8.29%
1-Year Return	10.56%
5-Year Return	38.09%
52-Week Low	20.18
52-Week High	23.25
Beta (5Y)	0.86
Holdings	29
Inception Date	Sep 29, 2005

About MLFBX

MFS Lifetime 2040 Fund Class B is a target-date mutual fund designed to help investors plan for retirement around the year 2040. Its primary function is to seek a high level of total return by employing a dynamic asset allocation strategy that evolves over time: early in the investment lifecycle, the fund prioritizes growth through a higher allocation to equities, then progressively shifts towards more conservative investments such as bonds as the target date approaches, aiming to mitigate risk for investors nearing retirement. The fund invests in a professionally managed, diversified portfolio comprised of other underlying MFS funds, utilizing disciplined, active risk management and quantitative research to optimize asset allocation decisions. As part of the Morningstar Target-Date 2040 category, it serves as a comprehensive solution for long-term retirement planning, rebalancing automatically over time to reflect the changing risk profile needs of investors. With net assets above $820 million as of late 2025, the fund plays a significant role in the retirement investment landscape by offering a one-stop, professionally managed portfolio aligned with future retirement goals.

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

Performance

MLFBX had a total return of 10.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.95%.

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	0.91%
FCFFX	Fidelity	Fidelity Advisor Freedom 2040 C	1.66%
FCLSX	Fidelity	Fidelity Flex Freedom Blend 2040 Fund	0.01%
FFFFX	Fidelity	Fidelity Freedom 2040 Fund	0.66%
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%
MLFAX	A	0.78%

Top 10 Holdings

54.19% of assets

Name	Symbol	Weight
MFS Blended Research Mid Cap Eq R6	BMSYX	8.57%
MFS Blended Research Intl Eq R6	BRXVX	8.43%
MFS Inflation-Adjusted Bond R6	MIAKX	5.27%
MFS Blended Research Value Equity R6	BRUNX	4.87%
MFS Value R6	MEIKX	4.78%
MFS Blended Research Core Equity R6	MUEVX	4.51%
MFS Blended Research Growth Eq R6	BRWVX	4.50%
MFS Growth R6	MFEKX	4.48%
MFS Research R6	MFRKX	4.48%
MFS Mid Cap Value R6	MVCKX	4.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$1.27069	Dec 24, 2025
Dec 26, 2024	$0.80275	Dec 27, 2024
Dec 27, 2023	$0.42495	Dec 28, 2023
Dec 28, 2022	$0.86335	Dec 29, 2022
Dec 28, 2021	$1.58083	Dec 29, 2021
Dec 29, 2020	$0.36897	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:

Oct 16, 2026

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