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MFS Lifetime Income Fund

mutual fund
MLLHX
Payout Change
Pending
Price as of:
$12.71 +0.03 +0.24%
primary theme
Target Date
MLLHX (Mutual Fund)

MFS Lifetime Income Fund

Payout Change
Pending
Price as of:
$12.71 +0.03 +0.24%
primary theme
Target Date
MLLHX (Mutual Fund)

MFS Lifetime Income Fund

Payout Change
Pending
Price as of:
$12.71 +0.03 +0.24%
primary theme
Target Date

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

$12.71

$637 M

3.02%

$0.38

0.88%

Vitals

YTD Return

8.3%

1 yr return

15.0%

3 Yr Avg Return

1.5%

5 Yr Avg Return

4.4%

Net Assets

$637 M

Holdings in Top 10

78.1%

52 WEEK LOW AND HIGH

$12.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


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

$12.71

$637 M

3.02%

$0.38

0.88%

MLLHX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Lifetime Income Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Sep 29, 2005
  • Shares Outstanding
    N/A
  • Share Class
    R3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Flaherty

Fund Description

The fund is designed to provide diversification among different asset classes by investing the majority of 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.

The fund is designed for investors who intend to withdraw assets over an extended period of time or who want an investment with an asset allocation mix similar to the fund's long-term strategic asset allocation.

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

Equity Funds and Non-Traditional Funds

29%

Bond Funds and Money Market Fund

71%

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 August 1, 2024, the fund’s approximate strategic allocation among asset classes was:

Equity Funds and Non-Traditional Funds

29.0%

U.S. Equity Funds

20.0%

International Equity Funds

5.0%

Non-Traditional Funds

4.0%

Bond Funds and Money Market Fund

71.0%

Bond Funds

71.0%

Money Market Fund

0.0%

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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MLLHX - Performance

Return Ranking - Trailing

Period MLLHX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% 0.5% 13.8% 45.99%
1 Yr 15.0% 1.9% 20.4% 57.22%
3 Yr 1.5%* -7.8% 4.8% 38.71%
5 Yr 4.4%* -6.2% 6.5% 41.10%
10 Yr 4.1%* 2.0% 5.7% 51.25%

* Annualized

Return Ranking - Calendar

Period MLLHX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -9.8% 12.8% 64.52%
2022 -15.3% -38.3% -3.8% 36.02%
2021 0.4% -9.1% 10.3% 34.24%
2020 6.6% -13.4% 12.6% 25.77%
2019 9.5% -1.1% 13.9% 29.20%

Total Return Ranking - Trailing

Period MLLHX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% 0.5% 13.8% 45.99%
1 Yr 15.0% 1.9% 20.4% 57.22%
3 Yr 1.5%* -7.8% 4.8% 38.71%
5 Yr 4.4%* -6.2% 6.5% 41.10%
10 Yr 4.1%* 2.0% 5.7% 51.25%

* Annualized

Total Return Ranking - Calendar

Period MLLHX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -9.8% 15.4% 52.15%
2022 -10.2% -16.9% -2.9% 25.81%
2021 6.9% -3.8% 10.3% 33.15%
2020 10.7% -13.4% 16.6% 33.74%
2019 14.4% 4.7% 25.2% 42.34%

NAV & Total Return History


MLLHX - Holdings

Concentration Analysis

MLLHX Category Low Category High MLLHX % Rank
Net Assets 637 M 3.58 M 36.3 B 35.83%
Number of Holdings 27 2 1380 38.50%
Net Assets in Top 10 479 M 2.94 M 35.5 B 26.74%
Weighting of Top 10 78.15% 4.6% 124.2% 64.25%

Top 10 Holdings

  1. MFS Ltd Maturity Fund 19.97%
  2. MFS Research Bond Fund 19.36%
  3. MFS Inflation Adjusted Bond Fund 9.94%
  4. MFS Government Securities Fund 9.32%
  5. MFS Global Opportunistic Bond Fund 7.00%
  6. MFS Blended Research Mid Cap Equity Fund 3.03%
  7. MFS Institutional Money Market Portfolio 2.99%
  8. MFS Blended Research International Equity Fund 2.50%
  9. MFS Value Fund 2.02%
  10. MFS Blended Research Value Equity Fund 2.01%

Asset Allocation

Weighting Return Low Return High MLLHX % Rank
Stocks
97.00% 0.00% 100.15% 50.27%
Cash
3.00% -24.70% 53.61% 36.90%
Convertible Bonds
1.41% 0.00% 6.56% 17.11%
Preferred Stocks
0.00% 0.00% 11.70% 11.76%
Other
0.00% 0.00% 5.62% 31.02%
Bonds
0.00% 0.00% 109.30% 51.34%

Stock Sector Breakdown

Weighting Return Low Return High MLLHX % Rank
Technology
18.11% 16.20% 25.61% 52.67%
Financial Services
14.20% 11.53% 20.26% 71.33%
Healthcare
12.54% 6.38% 14.87% 25.33%
Industrials
11.20% 7.75% 12.84% 34.67%
Real Estate
10.80% 1.86% 19.30% 7.33%
Consumer Cyclical
10.05% 4.61% 13.00% 84.67%
Consumer Defense
6.08% 4.27% 8.57% 59.33%
Communication Services
5.83% 4.20% 8.42% 90.67%
Basic Materials
4.38% 2.71% 8.17% 69.33%
Energy
3.86% 2.88% 13.48% 87.33%
Utilities
2.96% 1.85% 8.79% 40.67%

Stock Geographic Breakdown

Weighting Return Low Return High MLLHX % Rank
US
97.00% 0.00% 100.15% 50.27%
Non US
0.00% 0.00% 17.40% 18.18%

MLLHX - Expenses

Operational Fees

MLLHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.05% 13.27% 36.02%
Management Fee 0.00% 0.00% 0.79% 2.29%
12b-1 Fee 0.25% 0.00% 1.00% 15.15%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

MLLHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MLLHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

MLLHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 121.26% 28.66%

MLLHX - Distributions

Dividend Yield Analysis

MLLHX Category Low Category High MLLHX % Rank
Dividend Yield 3.02% 0.00% 9.37% 23.53%

Dividend Distribution Analysis

MLLHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

MLLHX Category Low Category High MLLHX % Rank
Net Income Ratio 1.90% -0.06% 5.71% 37.71%

Capital Gain Distribution Analysis

MLLHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

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MLLHX - Fund Manager Analysis

Managers

Joseph Flaherty


Start Date

Tenure

Tenure Rank

Sep 29, 2005

16.68

16.7%

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
0.08 17.59 6.48 3.75