MFS® Lifetime® 2020 Fund

MFLIX
$ 13.23
$0.00 As of 04/18/18
$361M
As of 03/31/18
Morningstar
View Overall Morningstar Ratings Information

MFS® Lifetime® 2020 Fund

MFLIX
$0.00 As of 04/18/18
As of 03/31/18
MFLIX
$ 13.23
$0.00 As of 04/18/18
$361M
As of 03/31/18
Morningstar
View Overall Morningstar Ratings Information
INVESTMENT OBJECTIVE

Seeks a high level of total return consistent with its asset allocation until the approximate retirement year in the fund's name; thereafter, the fund will seek total return through a combination of current income and capital appreciation. The asset allocation of the fund will change over time.

INVESTMENT FOCUS

Provides convenient access to a professionally allocated, broadly diversified, rebalanced portfolio of MFS funds in a single investment which will become more conservative as the fund's target date approaches

Progressive glide path which pursues asset growth in early years and seeks to mitigate risk in later years

Disciplined, active risk management of both underlying and target date funds

Fund Information

Fund Commencement
09/29/05
Net Assets ($ M)
As of 03/31/18
$361.67
Fiscal Year End
APRIL
Benchmark

Standard & Poor's 500 Stock Index measures the broad U.S. stock market.

Standard & Poor's 500 Stock Index

Top 10 Holdings

As of 03/31/18
  • FNMA 30YR 4.0
  • US Treasury Note 1.625% JUN 30 19
  • US Treasury Note 1% NOV 30 18
  • FNMA 30YR 3.5
  • US Treasury Note 1% JUN 30 19
  • FNMA 30YR 4.5
  • US Treasury Note 2.5% AUG 15 23
  • FHLMC GOLD 30YR 3.5
  • UST Bond 2Yr Future JUN 29 18
  • UST 10Yr Ultra Bond Future JUN 20 18*

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund. You may experience losses near, at, or after the target date. There is no guarantee of the fund's principal value, including at the target date, or that the fund will provide adequate income at and through your retirement.

Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of,  issuer, market, economic, industry, political, regulatory, geopolitical, and other conditions.

Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore the Fund's share price may decline during rising rates. Funds that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.

MFS’ strategy of investing in underlying funds exposes the fund to the risks of the underlying funds. Each underlying fund pursues its own objective and strategies and may not achieve its objective.  In addition, shareholders of the fund will indirectly bear the fees and expenses of the underlying funds.

Please see the prospectus for further information on these and other risk considerations.

Performance

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Average Annual Total Returns %

Average Annual Total Returns %

These results represent the percent change in net asset value.
Monthly | Quarterly As of 03/31/18 (*YTD Updated Daily, As of 04/18/18 , subject to revision and not annualized.)

    Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

    MORNINGSTAR RATING
    Morningstar Overall Rating As of 03/31/18 Class I Shares

    Morningstar Target-Date 2020

    Morningstar ratings are based on risk adjusted performance.

    OVERALL
    Out Of Funds
    NA
    OVERALL MORNINGSTAR RATING
    Morningstar Overall Rating As of 03/31/18 Class I Shares

    Morningstar Target-Date 2020

    Morningstar ratings are based on risk adjusted performance.

    NA
    THREE YEAR
    Out Of Funds
    NA
    FIVE YEAR
    Out Of Funds
    NA
    TEN YEAR
    Out Of Funds
    NA

    Important Performance Information

    Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.

    Sales Charges

    Class I shares ("I") have no sales charge or Rule 12b-1 fees and are available only to eligible investors.

    Annual Rate of Return %
    Pricing & Distributions