MFS Lifetime 2040 R1 (MLFEX)
| Fund Assets | 844.46M |
| Expense Ratio | 1.56% |
| Min. Investment | $0.00 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.86 |
| Dividend Yield | 3.97% |
| Dividend Growth | 83.85% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 21.30 |
| YTD Return | 11.98% |
| 1-Year Return | 8.59% |
| 5-Year Return | 51.29% |
| 52-Week Low | 17.37 |
| 52-Week High | 21.78 |
| Beta (5Y) | n/a |
| Holdings | 28 |
| Inception Date | Sep 29, 2005 |
About MLFEX
MFS Lifetime 2040 Fund Class R1 is a target-date mutual fund structured to serve investors planning to retire around the year 2040. Its primary purpose is to provide a professionally managed, broadly diversified portfolio that adjusts its asset allocation over time—becoming progressively more conservative as the target retirement date approaches. Early in the investment lifecycle, the fund predominantly emphasizes growth through higher allocations to equities. As 2040 nears, it systematically shifts toward a greater emphasis on fixed income and short-term instruments to help mitigate market risk and prioritize capital preservation. This fund invests across multiple asset classes, seeking to balance capital appreciation and risk management in alignment with investors’ evolving needs as they approach retirement. It is designed to offer a convenient, all-in-one retirement investment solution, regularly rebalancing to maintain its intended glide path. The MFS Lifetime 2040 Fund Class R1 plays a significant role in employer-sponsored defined contribution plans and individual retirement accounts, catering to individuals seeking an automated, disciplined approach to long-term retirement planning.
Performance
MLFEX had a total return of 8.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.76%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
55.91% of assets| Name | Symbol | Weight |
|---|---|---|
| MFS Blended Research Mid Cap Eq R6 | BMSYX | 8.99% |
| MFS Blended Research Intl Eq R6 | BRXVX | 8.79% |
| MFS Blended Research Value Equity R6 | BRUNX | 5.04% |
| MFS Value R6 | MEIKX | 5.02% |
| MFS Inflation-Adjusted Bond R6 | MIAKX | 4.93% |
| MFS Blended Research Growth Eq R6 | BRWVX | 4.72% |
| MFS Blended Research Core Equity R6 | MUEVX | 4.68% |
| MFS Research R6 | MFRKX | 4.64% |
| MFS Growth R6 | MFEKX | 4.63% |
| MFS Mid Cap Value R6 | MVCKX | 4.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $0.85587 | Dec 27, 2024 |
| Dec 27, 2023 | $0.46553 | Dec 28, 2023 |
| Dec 28, 2022 | $0.86239 | Dec 29, 2022 |
| Dec 28, 2021 | $1.61335 | Dec 29, 2021 |
| Dec 29, 2020 | $0.3371 | Dec 30, 2020 |
| Dec 26, 2019 | $0.82145 | Dec 26, 2019 |