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MFS Conservative Allocation Fund

mutual fund
MACFX
Payout Change
Pending
Price as of:
$17.38 +0.06 +0.35%
primary theme
U.S. Conservative/Balanced Allocation
MACFX (Mutual Fund)

MFS Conservative Allocation Fund

Payout Change
Pending
Price as of:
$17.38 +0.06 +0.35%
primary theme
U.S. Conservative/Balanced Allocation
MACFX (Mutual Fund)

MFS Conservative Allocation Fund

Payout Change
Pending
Price as of:
$17.38 +0.06 +0.35%
primary theme
U.S. Conservative/Balanced Allocation

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.38

$3.81 B

2.84%

$0.49

0.83%

Vitals

YTD Return

8.2%

1 yr return

16.8%

3 Yr Avg Return

1.6%

5 Yr Avg Return

5.2%

Net Assets

$3.81 B

Holdings in Top 10

74.9%

52 WEEK LOW AND HIGH

$17.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.83%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.38

$3.81 B

2.84%

$0.49

0.83%

MACFX - Profile

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    MFS Conservative Allocation Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Jun 28, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Flaherty

Fund Description

The fund is designed to provide diversification among different asset classes by investing its assets in other mutual funds advised by MFS (Massachusetts Financial Services Company, the fund’s investment adviser), referred to as underlying funds.

MFS selects the asset class allocations based on a strategic asset allocation process that takes into account a variety of factors, including historical risk and performance, projected performance, and other factors. MFS’ analyses of projected performance are primarily based on quantitative models using various inputs such as valuation metrics, growth rates, profitability, yields, and inflation. MFS may also consider current market conditions, its qualitative assessment of the risk/return characteristics of asset classes, and other factors in determining these allocations.

MFS employs the strategic asset allocation process described above to determine the amount of the fund's assets invested in (1) underlying funds that invest primarily in equity securities (“Equity Funds”) and underlying funds that provide exposure to less traditional asset classes, such as real estate and commodities (“Non-Traditional Funds”) and (2) underlying funds that invest primarily in debt instruments (“Bond Funds”) and an underlying fund that invests in cash and/or cash equivalents (“Money Market Fund”).

MFS selects the underlying funds within each asset class based on underlying fund classifications, historical risk, historical and projected performance of the represented asset classes, as well as other factors.

Within the Equity Fund allocation, MFS seeks to diversify by geography (by including domestic and international underlying funds), in terms of market capitalization (by including large, mid, and small capitalization underlying funds), and by style (by including both growth and value underlying funds). A portion of the fund’s assets is also allocated to Non-Traditional Funds (i.e., asset classes less correlated to the overall equity and debt markets), which MFS believes provides further diversification benefits.

Within the Bond Fund allocation, MFS includes underlying funds with varying degrees of geographic, interest rate, and credit exposure, including exposure to below investment grade quality debt instruments. A portion of the fund’s assets may also be allocated to the Money Market Fund.

MFS normally invests the underlying funds’ assets across different industries, sectors, countries, and regions, but MFS may invest a significant percentage of the underlying funds' assets in issuers in a single industry, sector, country, or region.

As of September 1, 2024, the fund’s approximate long-term strategic allocation among asset classes was:

Equity Funds and Non-Traditional Funds

40%

Bond Funds and Money Market Fund

60%

All percentages are rounded to the nearest percent.

MFS may deviate from the long-term strategic allocations set forth above; however, any deviation from the long-term strategic allocation is not expected to be greater than plus or minus 10% under normal market conditions. Additionally, the fund’s allocation to Non-Traditional Funds will not typically exceed 20% of the fund’s assets.

As of September 1, 2024, the fund’s approximate strategic allocation among asset classes was:

Equity Funds and Non-Traditional Funds

38.5%

U.S. Equity Funds

26.5%

International Equity Funds

8.0%

Non-Traditional Funds

4.0%

Bond Funds and Money Market Fund

61.5%

Bond Funds

58.5%

Money Market Fund

3.0%

All percentages are rounded to the nearest tenth of a percent. As a result, the sum of the asset class allocations presented in the table may not total 100%.

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MACFX - Performance

Return Ranking - Trailing

Period MACFX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -2.9% 16.9% 68.66%
1 Yr 16.8% 1.0% 30.5% 66.27%
3 Yr 1.6%* -15.1% 5.8% 55.96%
5 Yr 5.2%* -5.4% 8.5% 37.73%
10 Yr 5.3%* -0.2% 7.9% 25.09%

* Annualized

Return Ranking - Calendar

Period MACFX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -1.0% 27.4% 44.12%
2022 -16.3% -35.0% -7.4% 43.45%
2021 4.0% -11.5% 14.6% 32.34%
2020 8.4% -10.3% 40.7% 12.37%
2019 13.1% -9.5% 22.1% 11.65%

Total Return Ranking - Trailing

Period MACFX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -2.9% 16.9% 68.66%
1 Yr 16.8% 1.0% 30.5% 66.27%
3 Yr 1.6%* -15.1% 5.8% 55.96%
5 Yr 5.2%* -5.4% 8.5% 37.73%
10 Yr 5.3%* -0.2% 7.9% 25.09%

* Annualized

Total Return Ranking - Calendar

Period MACFX Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% 2.6% 28.2% 45.08%
2022 -13.5% -35.0% -3.1% 54.85%
2021 7.9% -11.5% 32.0% 47.01%
2020 11.6% -5.4% 40.7% 19.21%
2019 17.1% 4.5% 27.7% 17.89%

NAV & Total Return History


MACFX - Holdings

Concentration Analysis

MACFX Category Low Category High MACFX % Rank
Net Assets 3.81 B 291 K 50.8 B 13.40%
Number of Holdings 22 2 4065 61.96%
Net Assets in Top 10 2.82 B 284 K 10.3 B 10.53%
Weighting of Top 10 74.91% 9.7% 111.4% 56.94%

Top 10 Holdings

  1. MFS Research Bond Fund 14.29%
  2. MFS Ltd Maturity Fund 9.97%
  3. MFS Inflation Adjusted Bond Fund 9.92%
  4. MFS Government Securities Fund 9.28%
  5. MFS Global Opportunistic Bond Fund 6.97%
  6. MFS Value Fund 6.00%
  7. MFS Growth Fund 5.25%
  8. MFS Research Fund 5.23%
  9. MFS Mid Cap Value Fund 4.01%
  10. MFS High Income Fund 3.99%

Asset Allocation

Weighting Return Low Return High MACFX % Rank
Stocks
96.77% 0.00% 100.08% 44.02%
Cash
3.23% -35.68% 25.19% 28.95%
Convertible Bonds
0.88% 0.00% 71.77% 50.24%
Preferred Stocks
0.00% 0.00% 21.95% 80.14%
Other
0.00% -0.45% 61.72% 79.67%
Bonds
0.00% 0.00% 79.74% 84.21%

Stock Sector Breakdown

Weighting Return Low Return High MACFX % Rank
Technology
17.26% 0.22% 27.92% 43.07%
Financial Services
15.61% 0.00% 83.50% 33.33%
Healthcare
13.39% 0.00% 24.25% 45.50%
Industrials
13.33% 0.14% 17.90% 6.81%
Consumer Cyclical
9.23% 0.00% 14.20% 55.47%
Real Estate
7.68% 0.00% 43.16% 26.52%
Consumer Defense
6.72% 0.00% 18.62% 62.77%
Communication Services
5.60% 0.00% 11.11% 69.10%
Basic Materials
5.04% 0.00% 32.82% 20.44%
Utilities
3.32% 0.00% 48.33% 51.82%
Energy
2.83% 0.00% 62.93% 86.86%

Stock Geographic Breakdown

Weighting Return Low Return High MACFX % Rank
US
96.77% 0.00% 100.08% 44.02%
Non US
0.00% 0.00% 23.24% 80.86%

MACFX - Expenses

Operational Fees

MACFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.06% 21.26% 57.42%
Management Fee 0.00% 0.00% 1.25% 20.38%
12b-1 Fee 0.25% 0.00% 1.00% 45.11%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

MACFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 16.18%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MACFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MACFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 2.00% 380.00% 4.96%

MACFX - Distributions

Dividend Yield Analysis

MACFX Category Low Category High MACFX % Rank
Dividend Yield 2.84% 0.00% 7.99% 60.53%

Dividend Distribution Analysis

MACFX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Annual

Net Income Ratio Analysis

MACFX Category Low Category High MACFX % Rank
Net Income Ratio 1.51% -1.22% 6.83% 60.19%

Capital Gain Distribution Analysis

MACFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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MACFX - Fund Manager Analysis

Managers

Joseph Flaherty


Start Date

Tenure

Tenure Rank

Jun 28, 2002

19.94

19.9%

Joseph C. Flaherty, Jr., is an investment officer and chief investment risk officer at MFS Investment Management® (MFS®). He serves as the director of the MFS' Quantitative Solutions group and is a portfolio manager of the firm's asset allocation portfolios. Joe joined MFS as a fixed-income quantitative research associate in 1993 and was named quantitative research analyst in 1996. He became manager of the Quantitative Research Group and portfolio manager in 1999, director of Fixed Income Quantitative Research in 2004, and director of the Quantitative Solutions Team in 2005.

Natalie Shapiro


Start Date

Tenure

Tenure Rank

Sep 01, 2018

3.75

3.8%

Natalie I. Shapiro, Ph.D. is an Investment Officer, Portfolio Manager and Quantitative Fixed Income Research Analyst at MFS Investment Management® (MFS®). Prior to joining MFS in 1997, Natalie served as a research associate for the Federal Reserve Bank of Boston. Natalie has earned a bachelor's degree from Wellesley College and a doctorate from the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.35 2.41