MFS Lifetime 2040 R2 (MLFGX)

Fund Assets	844.46M
Expense Ratio	1.06%
Min. Investment	$0.00
Turnover	13.00%
Dividend (ttm)	1.51
Dividend Yield	6.63%
Dividend Growth	58.79%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	22.84
YTD Return	11.79%
1-Year Return	15.51%
5-Year Return	43.08%
52-Week Low	19.90
52-Week High	22.98
Beta (5Y)	0.86
Holdings	29
Inception Date	Sep 29, 2005

About MLFGX

MFS Lifetime 2040 Fund Class R2 is a target-date mutual fund designed to help investors prepare for retirement with an approximate retirement year of 2040. The fund’s primary function is to deliver a high total return consistent with a carefully managed asset allocation that automatically changes as the target date approaches. Early in its lifecycle, the fund pursues asset growth by maintaining a higher exposure to equities and growth-oriented investments. As 2040 nears, it progressively shifts towards a greater allocation in fixed income and more conservative assets, aiming to mitigate risk and provide increased income potential in retirement. The fund achieves diversification by investing in a suite of underlying MFS funds across both domestic and international equities, fixed income, and other asset classes. It is actively managed using disciplined risk management and a glide path that becomes more conservative over time. The MFS Lifetime 2040 Fund Class R2 plays a prominent role for investors seeking a professionally managed, all-in-one retirement solution, and is often utilized in employer-sponsored retirement plans. Its benchmark is the S&P 500 Index, providing context for its performance relative to the broad U.S. equity market. The fund, established in 2005, has accumulated substantial assets and offers regular rebalancing and convenient access to a diversified portfolio tailored to retirement goals.

• Fund Family: MFS
• Category: Target-Date 2040
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MLFGX
• Share Class: R2
• Index: S&P 500 TR

Performance

MLFGX had a total return of 15.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.64%.

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 Fund - Class M	1.16%
FCFFX	Fidelity	Fidelity Advisor Freedom 2040 C	1.66%
FAFFX	Fidelity	Fidelity Advisor Freedom 2040 A	0.91%
FIJPX	Fidelity	Fidelity Advisor Freedom 2040 Z	0.62%
FIFFX	Fidelity	Fidelity Advisor Freedom 2040 I	0.66%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MLFKX	R6	0.42%
MLFJX	R4	0.56%
MLFIX	I	0.56%
MLFHX	R3	0.81%

Top 10 Holdings

55.31% of assets

Name	Symbol	Weight
MFS Blended Research Mid Cap Eq R6	BMSYX	9.22%
MFS Blended Research Intl Eq R6	BRXVX	8.52%
MFS Inflation-Adjusted Bond R6	MIAKX	5.06%
MFS Blended Research Value Equity R6	BRUNX	5.00%
MFS Value R6	MEIKX	4.88%
MFS Mid Cap Growth R6	OTCKX	4.56%
MFS Blended Research Growth Eq R6	BRWVX	4.54%
MFS Blended Research Core Equity R6	MUEVX	4.53%
MFS Mid Cap Value R6	MVCKX	4.51%
MFS Growth R6	MFEKX	4.49%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$1.50547	Dec 24, 2025
Dec 26, 2024	$0.9481	Dec 27, 2024
Dec 27, 2023	$0.55585	Dec 28, 2023
Dec 28, 2022	$0.97185	Dec 29, 2022
Dec 28, 2021	$1.70361	Dec 29, 2021
Dec 29, 2020	$0.46635	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:

Aug 27, 2026

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