MFS Lifetime 2040 R1 (MLFEX)

Fund Assets	844.46M
Expense Ratio	1.532%
Min. Investment	$0.00
Turnover	13.00%
Dividend (ttm)	0.38
Dividend Yield	1.72%
Dividend Growth	2.64%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	22.06
YTD Return	8.24%
1-Year Return	10.58%
5-Year Return	38.07%
52-Week Low	19.82
52-Week High	22.84
Beta (5Y)	0.86
Holdings	29
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.

• Fund Family: MFS
• Category: Target-Date 2040
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MLFEX
• Share Class: R1
• Index: S&P 500 TR

Performance

MLFEX had a total return of 10.58% 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
FTFFX	Fidelity	Fidelity Advisor Freedom 2040 M	1.15%
FCFFX	Fidelity	Fidelity Advisor Freedom 2040 C	1.67%
FAFFX	Fidelity	Fidelity Advisor Freedom 2040 A	0.87%
FIJPX	Fidelity	Fidelity Advisor Freedom 2040 Z	0.60%
FIFFX	Fidelity	Fidelity Advisor Freedom 2040 I	0.64%

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	$1.39916	Dec 24, 2025
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

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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