SELECT YOUR LOCATION & ROLE:
location
SELECT A ROLE
For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only
Please make the necessary corrections below:
For Shareholders Only
Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery.
LoginIf you check this box, anyone using the computer you are working from now will be able to enter your mfs.com homepage without having to know or enter your user name and password.
If you are working in a public space, such as a library, you would not want to select this option. You also might decide against this option if you visit the MFS site from work and others have access to your computer.
If you do NOT click this box, you will have to enter your user name and password each time you wish to view your mfs.com homepage. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make.
Without Waiver | 3.40 % |
With Waiver | 3.60 % |
Seeks total return through a combination of current income and capital appreciation.
A conservatively allocated portfolio of MFS funds
Primarily focused on bond funds for income potential with a portion allocated to stock funds for continued growth potential
Provides convenient access to a professionally allocated, broadly diversified, rebalanced portfolio of MFS funds in a single investment
Bloomberg U.S. Aggregate Bond Index measures the U.S. bond market.
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 08/31/25
Effective June 1, 2025, Joe Flaherty will retire from MFS and relinquish his portfolio management responsibilities.
The portfolio is actively managed, and current holdings may be different.
Stock: 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, environmental, public health, and other conditions.
Bond: Investments in debt instruments may decline in value as the result of, or perception 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 portfolio's value may decline during rising rates. Portfolios 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.
International: 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.
Underlying Funds: 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.
The team of quantitative investment professionals works with the Fund's portfolio manager to determine the asset allocation among the underlying MFS Funds in which the Fund invests. The team is comprised of analysts and portfolio managers who apply quantitative research across multiple factors to determine investment opportunities. These factors look to incorporate intuitive factors with sound economic rationale that provide systematic objective appraisals of company fundamentals and valuation, complementing our traditional fundamental research process.
Joseph C. Flaherty, Jr., is the chief investment risk officer, a multi-asset portfolio manager, and co-CIO of the quantitative solutions team at MFS Investment Management® (MFS®). In these roles, he oversees quantitative portfolio management and research at MFS, manages the firm's asset allocation and target date strategies and leads the firm's investment risk management efforts. Joe joined MFS as a fixed income quantitative research associate in 1993 and was named quantitative research analyst in 1996. He assumed portfolio management responsibilities in 1999 and was named chief investment risk officer in 2005. In addition, he served as the director of the quantitative solutions team from 2005 to 2021. To broaden the leadership of the team, he was named a codirector of quantitative solutions and additional chief investment risk officers for fixed Income and equity in 2021. Joe earned a Bachelor of Science degree in mechanical engineering from Tufts University and a Master of Business Administration degree from Bentley University.
Benjamin R. Nastou, CFA, is an investment officer and co-CIO of quantitative solutions at MFS Investment Management® (MFS®). In his role, he oversees quantitative portfolio management and research at the firm. Ben joined MFS in 2001 as a fixed income research associate and was promoted to quantitative research analyst in 2003. He was named portfolio manager in 2010 and co-director of quantitative solutions in 2021 before taking on his current role in 2024. Ben earned a Bachelor of Arts degree in economics and mathematics from Dartmouth College. He is a member of the Boston Security Analysts Society, Inc. and holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Natalie I. Shapiro, Ph.D., is an investment officer and multi-asset portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management teams for the firm's commodity and global multi-asset strategies, she is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Additionally, she participates in the research process and strategy discussions. Natalie joined MFS in 1997 as a quantitative research analyst and took on portfolio management responsibilities in 2007. Prior to joining the firm, she served as a research associate for three years at the Federal Reserve Bank of Boston. Natalie earned a Bachelor of Arts degree in economics with honors from Wellesley College and a doctorate in economics from the University of Pennsylvania.
Erich B. Shigley is a quantitative portfolio manager with MFS Investment Management® (MFS®). He is responsible for buy and sell decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions. Erich joined MFS in 2013 as a quantitative research analyst before taking on his current role in 2021. Prior to that, he spent 13 years at Goldman Sachs, primarily as a trader and investor in equity derivatives and convertible bond securities. Erich attended Dartmouth College, from which he earned both a Bachelor of Arts degree and a Bachelor of Engineering Sciences degree.
Morningstar Target-Date Retirement
Morningstar ratings are based on risk adjusted performance.
Morningstar Target-Date Retirement
Morningstar ratings are based on risk adjusted performance.
Sales Charges
Class I shares are available without a sales charge to eligible investors.
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
At NAV | -0.43 | 5.29 | 8.22 | -2.39 | 13.89 | 10.05 | 6.56 | -11.54 | 9.71 | 6.14 |
Bloomberg U.S. Aggregate Bond Index | 0.55 | 2.65 | 3.54 | 0.01 | 8.72 | 7.51 | -1.54 | -13.01 | 5.53 | 1.25 |
At NAV | Bloomberg U.S. Aggregate Bond Index | |
---|---|---|
2024 | 6.14 | 1.25 |
2023 | 9.71 | 5.53 |
2022 | -11.54 | -13.01 |
2021 | 6.56 | -1.54 |
2020 | 10.05 | 7.51 |
2019 | 13.89 | 8.72 |
2018 | -2.39 | 0.01 |
2017 | 8.22 | 3.54 |
2016 | 5.29 | 2.65 |
2015 | -0.43 | 0.55 |
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
NAV at Close of Trading on | Net Asset Value (NAV) |
---|
The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day.
As of 02/28/25
Charges | Distribution Rate |
Not Including Sales Charges | 3.18 |
As of 02/28/25
Wavier | Yield Value |
Without Waiver | 3.40 |
With Waiver | 3.60 |
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 03/15/25
Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
---|---|---|---|---|---|
02/28/25 | 02/28/25 | 03/03/25 | Dividend | 0.03254 | 12.29 |
01/31/25 | 01/31/25 | 02/03/25 | Dividend | 0.03256 | 12.22 |
12/31/24 | 12/31/24 | 12/31/24 | Dividend | 0.10534 | 12.06 |
12/24/24 | 12/26/24 | 12/27/24 | Long Term Capital Gain | 0.34828 | 12.18 |
12/24/24 | 12/26/24 | 12/27/24 | Short Term Capital Gain | 0.00290 | 12.18 |
11/29/24 | 11/29/24 | 12/02/24 | Dividend | 0.03462 | 12.76 |
10/31/24 | 10/31/24 | 11/01/24 | Dividend | 0.03466 | 12.56 |
09/30/24 | 09/30/24 | 10/01/24 | Dividend | 0.03465 | 12.80 |
08/30/24 | 08/30/24 | 09/03/24 | Dividend | 0.03458 | 12.66 |
07/31/24 | 07/31/24 | 08/01/24 | Dividend | 0.03356 | 12.52 |
06/28/24 | 06/28/24 | 07/01/24 | Dividend | 0.03255 | 12.29 |
05/31/24 | 05/31/24 | 06/03/24 | Dividend | 0.03249 | 12.24 |
04/30/24 | 04/30/24 | 05/01/24 | Dividend | 0.03254 | 12.02 |
03/28/24 | 03/28/24 | 04/01/24 | Dividend | 0.03251 | 12.32 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value.
Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds.
Weighted average yield-to-worst of all portfolio holdings excluding cash & derivatives. Yield-to-worst is the annual estimate of the portfolio yield considering factors such as call provisions, prepayments, and other features that may affect a bond's cash flow; and assumes no default. It is an estimated characteristic at a point in time and is not a measure of portfolio performance.
Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.
Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.
Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.
Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.
Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet.
Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.
Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.
characterstics | Equity Earning |
---|---|
Weighted Average Price/Earnings (next 12 months) | 18.03x |
Weighted Average Price/Cash Flow | 15.47x |
Weighted Average Price/Sales | 1.85x |
Weighted Average Price/Book | 2.76x |
Weighted Average IBES Long Term EPS Growth | 12.55% |
Weighted Average Market Cap | $356.8b |
Weighted Median Market Cap | $43.2b |
Number of Issues | 1003 |
% in Stocks | 24.66% |
% Cash & Cash Equivalents | 3.71% |
% Other1 | -13.84% |
% in Top Ten | 13.26% |
characteristics | Fixed Earning |
---|---|
Number of Issues | 3374 |
Number of Issuers | 980 |
Average Coupon | 3.83 |
Average Effective Duration | 4.79 yrs |
Average Effective Maturity | 5.93 yrs |
Yield To Worst | 4.99% |
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
10 Yr. | 5 Yr. | 3 Yr. | |
---|---|---|---|
Alpha | 3.09 | 5.20 | 3.60 |
Beta | 0.89 | 1.03 | 0.97 |
R-squared | 49.48 | 64.57 | 81.54 |
Standard Deviation % | 6.36 | 8.20 | 8.42 |
Sharpe Ratio | 0.40 | 0.24 | -0.13 |
Tracking Error | 4.56 | 4.88 | 3.63 |
Information Ratio | 0.63 | 1.03 | 0.98 |
Treynor Ratio | 2.88 | 1.89 | -1.15 |
Downside Capture % | 70.73 | 78.94 | 77.80 |
Upside Capture % | 115.94 | 136.58 | 108.31 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
For all securities other than those described below, ratings are assigned utilizing ratings from Moody’s, Fitch, and Standard & Poor’s and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. If none of the 4 rating agencies listed above rate the security, but the security is rated by the Kroll Bond Rating Agency (KBRA), then the KBRA rating is assigned. Other Not Rated includes other securities not rated by any rating agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change. The portfolio itself has not been rated by any rating agency. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/ issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moody’s, and Fitch respectively. The index rating methodology may differ.
Current holdings may be different.
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.
1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 08/31/25
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
Class I shares are available without a sales charge to eligible investors.
Fact Sheets are available approximately 15 days after quarter end.
Full Holdings available approximately 19 or 24 days after month end.
Fact Sheets are available approximately 15 days after quarter end.
Full Holdings available approximately 19 or 24 days after month end.
Flyer showing how fund mitigates on the downside and still participates on the upside
See the results of our collaborative approach for MFS' "All Star" portfolios.
Flyer describing potential benefits of multi-asset investing and highlighting several MFS Funds
Notice of personnel announcements on FI and Quant teams
MORNINGSTAR RATINGS
The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/25.
The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Rankings of other share classes may vary. A high relative ranking does not always mean the fund achieved a positive return during the period.
The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available online here or by contacting MFS. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., Member SIPC, 111 Huntington Avenue, Boston, MA 02199.
Seeks total return through a combination of current income and capital appreciation.
A conservatively allocated portfolio of MFS funds
Primarily focused on bond funds for income potential with a portion allocated to stock funds for continued growth potential
Provides convenient access to a professionally allocated, broadly diversified, rebalanced portfolio of MFS funds in a single investment
Bloomberg U.S. Aggregate Bond Index measures the U.S. bond market.
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 08/31/25
Effective June 1, 2025, Joe Flaherty will retire from MFS and relinquish his portfolio management responsibilities.
The portfolio is actively managed, and current holdings may be different.
Stock: 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, environmental, public health, and other conditions.
Bond: Investments in debt instruments may decline in value as the result of, or perception 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 portfolio's value may decline during rising rates. Portfolios 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.
International: 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.
Underlying Funds: 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.
The team of quantitative investment professionals works with the Fund's portfolio manager to determine the asset allocation among the underlying MFS Funds in which the Fund invests. The team is comprised of analysts and portfolio managers who apply quantitative research across multiple factors to determine investment opportunities. These factors look to incorporate intuitive factors with sound economic rationale that provide systematic objective appraisals of company fundamentals and valuation, complementing our traditional fundamental research process.
Joseph C. Flaherty, Jr., is the chief investment risk officer, a multi-asset portfolio manager, and co-CIO of the quantitative solutions team at MFS Investment Management® (MFS®). In these roles, he oversees quantitative portfolio management and research at MFS, manages the firm's asset allocation and target date strategies and leads the firm's investment risk management efforts. Joe joined MFS as a fixed income quantitative research associate in 1993 and was named quantitative research analyst in 1996. He assumed portfolio management responsibilities in 1999 and was named chief investment risk officer in 2005. In addition, he served as the director of the quantitative solutions team from 2005 to 2021. To broaden the leadership of the team, he was named a codirector of quantitative solutions and additional chief investment risk officers for fixed Income and equity in 2021. Joe earned a Bachelor of Science degree in mechanical engineering from Tufts University and a Master of Business Administration degree from Bentley University.
Benjamin R. Nastou, CFA, is an investment officer and co-CIO of quantitative solutions at MFS Investment Management® (MFS®). In his role, he oversees quantitative portfolio management and research at the firm. Ben joined MFS in 2001 as a fixed income research associate and was promoted to quantitative research analyst in 2003. He was named portfolio manager in 2010 and co-director of quantitative solutions in 2021 before taking on his current role in 2024. Ben earned a Bachelor of Arts degree in economics and mathematics from Dartmouth College. He is a member of the Boston Security Analysts Society, Inc. and holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Natalie I. Shapiro, Ph.D., is an investment officer and multi-asset portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management teams for the firm's commodity and global multi-asset strategies, she is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Additionally, she participates in the research process and strategy discussions. Natalie joined MFS in 1997 as a quantitative research analyst and took on portfolio management responsibilities in 2007. Prior to joining the firm, she served as a research associate for three years at the Federal Reserve Bank of Boston. Natalie earned a Bachelor of Arts degree in economics with honors from Wellesley College and a doctorate in economics from the University of Pennsylvania.
Erich B. Shigley is a quantitative portfolio manager with MFS Investment Management® (MFS®). He is responsible for buy and sell decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions. Erich joined MFS in 2013 as a quantitative research analyst before taking on his current role in 2021. Prior to that, he spent 13 years at Goldman Sachs, primarily as a trader and investor in equity derivatives and convertible bond securities. Erich attended Dartmouth College, from which he earned both a Bachelor of Arts degree and a Bachelor of Engineering Sciences degree.
Morningstar Target-Date Retirement
Morningstar ratings are based on risk adjusted performance.
Morningstar Target-Date Retirement
Morningstar ratings are based on risk adjusted performance.
Sales Charges
Class I shares are available without a sales charge to eligible investors.
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
At NAV | -0.43 | 5.29 | 8.22 | -2.39 | 13.89 | 10.05 | 6.56 | -11.54 | 9.71 | 6.14 |
Bloomberg U.S. Aggregate Bond Index | 0.55 | 2.65 | 3.54 | 0.01 | 8.72 | 7.51 | -1.54 | -13.01 | 5.53 | 1.25 |
At NAV | Bloomberg U.S. Aggregate Bond Index | |
---|---|---|
2024 | 6.14 | 1.25 |
2023 | 9.71 | 5.53 |
2022 | -11.54 | -13.01 |
2021 | 6.56 | -1.54 |
2020 | 10.05 | 7.51 |
2019 | 13.89 | 8.72 |
2018 | -2.39 | 0.01 |
2017 | 8.22 | 3.54 |
2016 | 5.29 | 2.65 |
2015 | -0.43 | 0.55 |
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
NAV at Close of Trading on | Net Asset Value (NAV) |
---|
The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day.
As of 02/28/25
Charges | Distribution Rate |
Not Including Sales Charges | 3.18 |
As of 02/28/25
Wavier | Yield Value |
Without Waiver | 3.40 |
With Waiver | 3.60 |
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 03/15/25
Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
---|---|---|---|---|---|
02/28/25 | 02/28/25 | 03/03/25 | Dividend | 0.03254 | 12.29 |
01/31/25 | 01/31/25 | 02/03/25 | Dividend | 0.03256 | 12.22 |
12/31/24 | 12/31/24 | 12/31/24 | Dividend | 0.10534 | 12.06 |
12/24/24 | 12/26/24 | 12/27/24 | Long Term Capital Gain | 0.34828 | 12.18 |
12/24/24 | 12/26/24 | 12/27/24 | Short Term Capital Gain | 0.00290 | 12.18 |
11/29/24 | 11/29/24 | 12/02/24 | Dividend | 0.03462 | 12.76 |
10/31/24 | 10/31/24 | 11/01/24 | Dividend | 0.03466 | 12.56 |
09/30/24 | 09/30/24 | 10/01/24 | Dividend | 0.03465 | 12.80 |
08/30/24 | 08/30/24 | 09/03/24 | Dividend | 0.03458 | 12.66 |
07/31/24 | 07/31/24 | 08/01/24 | Dividend | 0.03356 | 12.52 |
06/28/24 | 06/28/24 | 07/01/24 | Dividend | 0.03255 | 12.29 |
05/31/24 | 05/31/24 | 06/03/24 | Dividend | 0.03249 | 12.24 |
04/30/24 | 04/30/24 | 05/01/24 | Dividend | 0.03254 | 12.02 |
03/28/24 | 03/28/24 | 04/01/24 | Dividend | 0.03251 | 12.32 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value.
Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds.
Weighted average yield-to-worst of all portfolio holdings excluding cash & derivatives. Yield-to-worst is the annual estimate of the portfolio yield considering factors such as call provisions, prepayments, and other features that may affect a bond's cash flow; and assumes no default. It is an estimated characteristic at a point in time and is not a measure of portfolio performance.
Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.
Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.
Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.
Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.
Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet.
Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.
Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.
characterstics | Equity Earning |
---|---|
Weighted Average Price/Earnings (next 12 months) | 18.03x |
Weighted Average Price/Cash Flow | 15.47x |
Weighted Average Price/Sales | 1.85x |
Weighted Average Price/Book | 2.76x |
Weighted Average IBES Long Term EPS Growth | 12.55% |
Weighted Average Market Cap | $356.8b |
Weighted Median Market Cap | $43.2b |
Number of Issues | 1003 |
% in Stocks | 24.66% |
% Cash & Cash Equivalents | 3.71% |
% Other1 | -13.84% |
% in Top Ten | 13.26% |
characteristics | Fixed Earning |
---|---|
Number of Issues | 3374 |
Number of Issuers | 980 |
Average Coupon | 3.83 |
Average Effective Duration | 4.79 yrs |
Average Effective Maturity | 5.93 yrs |
Yield To Worst | 4.99% |
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
10 Yr. | 5 Yr. | 3 Yr. | |
---|---|---|---|
Alpha | 3.09 | 5.20 | 3.60 |
Beta | 0.89 | 1.03 | 0.97 |
R-squared | 49.48 | 64.57 | 81.54 |
Standard Deviation % | 6.36 | 8.20 | 8.42 |
Sharpe Ratio | 0.40 | 0.24 | -0.13 |
Tracking Error | 4.56 | 4.88 | 3.63 |
Information Ratio | 0.63 | 1.03 | 0.98 |
Treynor Ratio | 2.88 | 1.89 | -1.15 |
Downside Capture % | 70.73 | 78.94 | 77.80 |
Upside Capture % | 115.94 | 136.58 | 108.31 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
For all securities other than those described below, ratings are assigned utilizing ratings from Moody’s, Fitch, and Standard & Poor’s and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. If none of the 4 rating agencies listed above rate the security, but the security is rated by the Kroll Bond Rating Agency (KBRA), then the KBRA rating is assigned. Other Not Rated includes other securities not rated by any rating agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change. The portfolio itself has not been rated by any rating agency. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/ issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moody’s, and Fitch respectively. The index rating methodology may differ.
Current holdings may be different.
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.
1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 08/31/25
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
Class I shares are available without a sales charge to eligible investors.
Fact Sheets are available approximately 15 days after quarter end.
Full Holdings available approximately 19 or 24 days after month end.
Fact Sheets are available approximately 15 days after quarter end.
Full Holdings available approximately 19 or 24 days after month end.
Flyer showing how fund mitigates on the downside and still participates on the upside
See the results of our collaborative approach for MFS' "All Star" portfolios.
Flyer describing potential benefits of multi-asset investing and highlighting several MFS Funds
Notice of personnel announcements on FI and Quant teams
MORNINGSTAR RATINGS
The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/25.
The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Rankings of other share classes may vary. A high relative ranking does not always mean the fund achieved a positive return during the period.
The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available online here or by contacting MFS. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., Member SIPC, 111 Huntington Avenue, Boston, MA 02199.