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MFS® Moderate Allocation Fund

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Fact Sheet

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Symbol: MAMAX   CUSIP:  55273G777   Newspaper Abbreviation: ModAllA   Fund number: 1027  
Daily NAV:  $16.59  (as of 4/24/14)
    Characteristics Fund Profile Performance Portfolio Management Dividends and Capital Gains Price History Fund Reports/Prospectus Sales Tools

Fund Profile

A moderate stock and bond portfolio

Provides convenient access to a broadly diversified, professionally managed portfolio of underlying MFS funds in a single investment and is rebalanced.


Seeks a high level of total return consistent with a moderate level of risk relative to the other MFS Asset Allocation Funds.

Important Risk Considerations


  • Classification: Asset Allocation
  • Fiscal Year End:  MAY
  • Fund Commencement: 6/28/02  
  • Class Inception: 6/28/02  
  • CUSIP:  55273G777  
  • Newspaper Abbreviation: ModAllA  
  • Net Assets:  $5,930.41 million (as of 3/31/14)
  • Maximum Sales Charge:  5.75%

Portfolio Facts:

Portfolio characteristic data are based on unaudited net assets.

Current holdings may be different.

Target Allocations
(on 3/31/14)
U.S. Stocks 41.00%
Bonds 40.00%
International Stocks 13.00%
Specialty 6.00%
MFS Fund Holdings
(on 3/31/14)
MFS® Research Bond Fund 11.94%
MFS® Government Securities Fund 9.93%
MFS® Value Fund 8.04%
MFS® Research Fund 7.96%
MFS® Growth Fund 7.91%
MFS® Mid Cap Value Fund 7.05%
MFS® Mid Cap Growth Fund 6.95%
MFS® Research International Fund 6.06%
MFS® Global Bond Fund 5.03%
MFS® High Income Fund 4.99%
MFS® Inflation-Adjusted Bond Fund 4.96%
MFS® Commodity Strategy Fund 3.06%
MFS® International Growth Fund 3.04%
MFS® International Value Fund 3.03%
MFS® Emerging Markets Debt Fund 3.01%
MFS® Global Real Estate Fund 2.01%
MFS® New Discovery Value Fund 1.51%
MFS® New Discovery Fund 1.49%
MFS® International New Discovery Fund 1.01%
MFS® Absolute Return Fund 0.99%
Cash & Other assets, less liabilities 0.03%
Top 10 Holdings
(on 3/31/14)  
What's this?
United States Treasury Note 0.375 FEB 15 16
United States Treasury Note 4.5 AUG 15 39
United States Treasury Note/Bond 0.875 DEC 31 16
United States Treasury Note 2.125 MAY 31 15
FNMA 30YR 4.0
Google Inc
JPMorgan Chase & Co
Nestle SA
Exxon Mobil Corp
UST Bond 10Yr Future Jun 19 14*

7.26% long and 0.96% short (*) positions of total net assets
Total number of holdings: 2985
Top 10 Equity Holdings
(on 3/31/14)  
What's this?
Google Inc
JPMorgan Chase & Co
Nestle SA
Exxon Mobil Corp
Philip Morris International Inc
Danaher Corp
Wells Fargo & Co
Johnson & Johnson
Danone SA
Thermo Fisher Scientific Inc

7.88% of equity assets
Top 10 Fixed Income Holdings
(on 3/31/14)  
What's this?
United States Treasury Note 0.375 FEB 15 16
United States Treasury Note 4.5 AUG 15 39
United States Treasury Note/Bond 0.875 DEC 31 16
United States Treasury Note 2.125 MAY 31 15
FNMA 30YR 4.0
FNMA 30YR 4.5
FNMA 30YR 5.5
United States Treasury Note 3.125 MAY 15 21
UST Bond 10Yr Future Jun 19 14*

16.75% long and 2.38% short (*) positions of fixed income assets

Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.


*Short positions, unlike long positions, lose value if the underlying asset gains value.


Morningstar RatingTM: As of 3/31/14

Morningstar Category: Moderate Allocation
3 yr
5 yr
10 yr
Number of funds in Moderate Allocation: 742 742 666 437

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Each fund is rated exclusively against U.S. domiciled funds. The Overall Morningstar Rating™ is based on the weighted average of the number of stars assigned to the fund's applicable time periods. In cases where the fund has changed investment categories, its historical information is given less weight. If the fund has been in existence at least 10 years, the 10-year rating accounts for 50%, the 5-year for 30%, and the 3-year for 20%. If the fund has been in existence at least 5 years, but less than 10 years, the 5-year rating accounts for 60% and the 3-year for 40%. If the fund has been in existence for 3 years, but less than 5 years, the 3-year rating accounts for 100%. Morningstar rankings may vary among share classes and are based on historical total returns, which are not indicative of future results.

Load-waived (LW) Class A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load.


©2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, 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, 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 rate environments as the underlying debt instruments in the portfolio adjust to the rise in 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.

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

Investments in small-cap companies can be more volatile than investments in larger companies.

MFS’ strategy of investing in underlying funds exposes the fund to the risks of the underlying funds.

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

This publication is authorized for distribution only when preceded or accompanied by a prospectus, or summary prospectus, for the portfolio being offered. Consider the fund's investment objectives, risks, charges and expenses. Contact MFS or view online. Read it carefully.