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Trending ETFs

MFS Lifetime 2030 Fund

mutual fund
MLTKX
Payout Change
Pending
Price as of:
$15.76 -0.01 -0.06%
primary theme
Target-Date 2030
MLTKX (Mutual Fund)

MFS Lifetime 2030 Fund

Payout Change
Pending
Price as of:
$15.76 -0.01 -0.06%
primary theme
Target-Date 2030
MLTKX (Mutual Fund)

MFS Lifetime 2030 Fund

Payout Change
Pending
Price as of:
$15.76 -0.01 -0.06%
primary theme
Target-Date 2030

Name

As of 04/19/2024

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

MFS Lifetime 2030 Fund

MLTKX | Fund

$15.76

$796 M

2.82%

$0.44

0.57%

Vitals

YTD Return

0.6%

1 yr return

8.3%

3 Yr Avg Return

1.5%

5 Yr Avg Return

6.2%

Net Assets

$796 M

Holdings in Top 10

64.2%

52 WEEK LOW AND HIGH

$15.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/19/2024

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

MFS Lifetime 2030 Fund

MLTKX | Fund

$15.76

$796 M

2.82%

$0.44

0.57%

MLTKX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.01%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MFS Lifetime 2030 Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Aug 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Flaherty

Fund Description

The fund is designed to provide diversification among different asset classes for investors with the approximate retirement year in the fund’s name. MFS (Massachusetts Financial Services Company, the fund’s investment adviser) invests substantially all of the fund’s assets in other MFS mutual funds, 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 August 1, 2023, the fund’s approximate long-term strategic allocation among asset classes was:

Equity Funds and Non-Traditional Funds 49 %
Bond Funds and Money Market Fund 51 %

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, 2023, the fund’s approximate strategic allocation among asset classes was:

Equity Funds and Non-Traditional Funds 48.7 %
U.S. Equity Funds 33.6 %
International Equity Funds 10.2 %
Non-Traditional Funds 4.9 %
Bond Funds and Money Market Fund 51.3 %
Bond Funds 51.3 %
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%.

The asset class allocations for the fund, as well as the underlying funds and their weightings, are based on an allocation strategy designed for investors with the approximate retirement year in the fund’s name. Investors should also consider their age, personal circumstances, risk tolerance, and overall investment strategy and allocation. The asset allocation strategy will become increasingly conservative over time, shifting more weight from Equity Funds and Non-Traditional Funds to Bond Funds and the Money Market Fund.

Upon reaching its stated target year, the fund’s allocation strategy will be aligned with the allocation strategy of MFS Lifetime Income Fund. It is expected that the fund will be combined with MFS Lifetime Income Fund within five years of the date that its asset allocation strategy matches the asset allocation strategy of MFS Lifetime Income Fund. MFS Lifetime Income 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 MFS Lifetime Income Fund’s long-term strategic asset allocation. The chart below illustrates how the asset allocation strategy of the fund will change over time.

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MLTKX - Performance

Return Ranking - Trailing

Period MLTKX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.5% 5.5% 50.51%
1 Yr 8.3% 2.1% 12.3% 69.39%
3 Yr 1.5%* -3.3% 3.1% 12.11%
5 Yr 6.2%* 3.3% 7.2% 29.01%
10 Yr N/A* 3.8% 7.3% 11.11%

* Annualized

Return Ranking - Calendar

Period MLTKX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% 5.5% 14.4% 85.28%
2022 -19.1% -52.7% -14.2% 30.46%
2021 3.6% -5.6% 14.0% 48.66%
2020 7.7% 0.7% 13.7% 68.75%
2019 15.6% 2.6% 18.9% 31.48%

Total Return Ranking - Trailing

Period MLTKX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.5% 5.5% 50.51%
1 Yr 8.3% 2.1% 12.3% 69.39%
3 Yr 1.5%* -3.3% 3.1% 12.11%
5 Yr 6.2%* 3.3% 7.2% 29.01%
10 Yr N/A* 3.8% 7.3% 10.48%

* Annualized

Total Return Ranking - Calendar

Period MLTKX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% 10.0% 49.5% 87.31%
2022 -13.7% -26.4% 20.1% 14.21%
2021 13.0% 1.6% 18.5% 21.39%
2020 12.0% 6.7% 19.3% 80.11%
2019 22.1% 17.1% 34.4% 31.48%

NAV & Total Return History


MLTKX - Holdings

Concentration Analysis

MLTKX Category Low Category High MLTKX % Rank
Net Assets 796 M 3.14 M 90.6 B 53.03%
Number of Holdings 28 4 768 29.29%
Net Assets in Top 10 502 M 3.3 M 88.6 B 56.57%
Weighting of Top 10 64.20% 45.1% 103.6% 79.69%

Top 10 Holdings

  1. MFS Research Bond Fund 12.60%
  2. MFS Government Securities Fund 9.37%
  3. MFS Inflation Adjusted Bond Fund 8.96%
  4. MFS Ltd Maturity Fund 6.69%
  5. MFS Global Opportunistic Bond Fund 6.37%
  6. MFS Blended Research Mid Cap Equity Fund 4.94%
  7. MFS Blended Research International Equity Fund 4.65%
  8. MFS High Income Fund 4.01%
  9. MFS Value Fund 3.32%
  10. MFS Blended Research Value Equity Fund 3.30%

Asset Allocation

Weighting Return Low Return High MLTKX % Rank
Stocks
97.04% 0.00% 100.39% 61.11%
Cash
2.96% 0.00% 16.10% 20.20%
Convertible Bonds
0.50% 0.03% 1.11% 33.84%
Preferred Stocks
0.00% 0.00% 0.08% 10.61%
Other
0.00% -0.01% 3.20% 40.91%
Bonds
0.00% 0.00% 54.22% 39.90%

Stock Sector Breakdown

Weighting Return Low Return High MLTKX % Rank
Technology
18.24% 14.06% 23.99% 62.12%
Financial Services
14.34% 12.64% 18.99% 73.23%
Healthcare
12.58% 10.63% 14.63% 46.46%
Industrials
11.70% 8.84% 12.27% 13.13%
Consumer Cyclical
10.26% 8.12% 13.37% 80.30%
Real Estate
8.82% 1.86% 12.53% 9.09%
Consumer Defense
6.56% 4.88% 10.87% 57.58%
Communication Services
5.86% 5.69% 10.00% 92.93%
Basic Materials
4.73% 3.15% 7.02% 53.54%
Energy
3.89% 2.46% 6.43% 73.74%
Utilities
3.02% 1.89% 7.89% 35.86%

Stock Geographic Breakdown

Weighting Return Low Return High MLTKX % Rank
US
97.04% 0.00% 100.39% 61.11%
Non US
0.00% 0.00% 23.47% 20.71%

MLTKX - Expenses

Operational Fees

MLTKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.06% 10.07% 64.47%
Management Fee 0.00% 0.00% 0.81% 4.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

MLTKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MLTKX 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.

MLTKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 3.00% 98.00% 41.67%

MLTKX - Distributions

Dividend Yield Analysis

MLTKX Category Low Category High MLTKX % Rank
Dividend Yield 2.82% 0.00% 7.48% 89.90%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MLTKX Category Low Category High MLTKX % Rank
Net Income Ratio 2.01% 0.12% 3.79% 16.06%

Capital Gain Distribution Analysis

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

Distributions History

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MLTKX - 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 5.79 2.41