INVESTMENT OBJECTIVE
Seeks a high level of total return consistent with a conservative level of risk relative to the other MFS Asset Allocation Portfolios.
INVESTMENT FOCUS
A strategically allocated, broadly diversified portfolio of MFS portfolios in a single investment
Disciplined portfolio management is achieved through multi-level risk management, ensuring style consistency. Systematic rules-based rebalancing helps to maintain target risk profiles. Risk-return profiles have historically remained consistent with design.
Utilizes a strategic risk-based approach to portfolio construction that efficiently diversifies across and within asset classes while simultaneously being actively-managed within the underlying MFS portfolios
Fund Information
- Fund Commencement 10/01/2008
- Net Assets ($ M) As of 03/31/25 $239.67
-
Benchmark
Bloomberg U.S. Aggregate Bond Index
Bloomberg U.S. Aggregate Bond Index measures the U.S. bond market.
Share Class Information
- Class Inception 10/01/2008
- Net Asset Value (NAV) As of 04/24/25 $9.71
- Most Recent NAV Change As of 04/24/25 $0.09 | 0.94%
- CUSIP 86664T516
-
Gross Expense Ratio
0.68%
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
0.68%
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.
MANAGERS
Effective June 1, 2025, Joe Flaherty will retire from MFS and relinquish his portfolio management responsibilities.
Top 10 Holdings
- UST Bond 2Yr Future JUN 30 25
- UST Bond 5Yr Future JUN 30 25
- US Treasury Inflation Indexed Bonds 0.125% JAN 15 31
- US Treasury Note 4.125% JUN 15 26
- Euro BOBL Future JUN 06 25
- USD IRS 3Yr Receiver 4.967 OCT 02 26
- USD CPI 2Yr Receiver 2.755 FEB 05 27
- Microsoft Corp
- UMBS 30 Year 2.0
- UST Bond 10Yr Future JUN 18 25
Important Risk Considerations
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.
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.
Ben Nastou, CFA
General Oversight
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 Shapiro, Ph.D.
General Oversight
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 Shigley, CFA
General Oversight
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.
Performance
Average Annual Total Returns (%)
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Important Performance Information
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Sales Charges
Initial Class shares have no sales charge.
Performance information prior to December 8, 2012, reflects time periods when another adviser or subadvisor was responsible for selecting investments for the fund under a different investment objective and different investment strategies.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return (%)
As of 12/31/24 | Benchmark: Bloomberg U.S. Aggregate Bond Index| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | -0.19 | 5.03 | 11.48 | -2.73 | 16.87 | 12.31 | 7.00 | -15.39 | 10.42 | 5.86 |
| 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 | 5.86 | 1.25 |
| 2023 | 10.42 | 5.53 |
| 2022 | -15.39 | -13.01 |
| 2021 | 7.0 | -1.54 |
| 2020 | 12.31 | 7.51 |
| 2019 | 16.87 | 8.72 |
| 2018 | -2.73 | 0.01 |
| 2017 | 11.48 | 3.54 |
| 2016 | 5.03 | 2.65 |
| 2015 | -0.19 | 0.55 |
Pricing History
- NAV at Close of Trading on: 04/24/25
- Net Asset Value (NAV): $9.71
- Change ($) (since 04/23/25 ): 0.09
- Change (%) (since 04/23/25 ): 0.94
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
-
Overview
INVESTMENT OBJECTIVE
Seeks a high level of total return consistent with a conservative level of risk relative to the other MFS Asset Allocation Portfolios.
INVESTMENT FOCUS
A strategically allocated, broadly diversified portfolio of MFS portfolios in a single investment
Disciplined portfolio management is achieved through multi-level risk management, ensuring style consistency. Systematic rules-based rebalancing helps to maintain target risk profiles. Risk-return profiles have historically remained consistent with design.
Utilizes a strategic risk-based approach to portfolio construction that efficiently diversifies across and within asset classes while simultaneously being actively-managed within the underlying MFS portfolios
Fund Information
- Fund Commencement 10/01/2008
- Net Assets ($ M) As of 03/31/25 $239.67
-
Benchmark
Bloomberg U.S. Aggregate Bond Index
Bloomberg U.S. Aggregate Bond Index measures the U.S. bond market.
Share Class Information
- Class Inception 10/01/2008
- Net Asset Value (NAV) As of 04/24/25 $9.71
- Most Recent NAV Change As of 04/24/25 $0.09 | 0.94%
- CUSIP 86664T516
-
Gross Expense Ratio
0.68%
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
0.68%
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.
MANAGERS
Effective June 1, 2025, Joe Flaherty will retire from MFS and relinquish his portfolio management responsibilities.
Top 10 Holdings
As of 03/31/25- UST Bond 2Yr Future JUN 30 25
- UST Bond 5Yr Future JUN 30 25
- US Treasury Inflation Indexed Bonds 0.125% JAN 15 31
- US Treasury Note 4.125% JUN 15 26
- Euro BOBL Future JUN 06 25
- USD IRS 3Yr Receiver 4.967 OCT 02 26
- USD CPI 2Yr Receiver 2.755 FEB 05 27
- Microsoft Corp
- UMBS 30 Year 2.0
- UST Bond 10Yr Future JUN 18 25
Important Risk Considerations
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.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.
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.
Ben Nastou, CFA
General Oversight
24YEARS WITH INDUSTRY
2YEARS WITH PORTFOLIOBenjamin 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 Shapiro, Ph.D.
General Oversight
31YEARS WITH INDUSTRY
7YEARS WITH PORTFOLIONatalie 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 Shigley, CFA
General Oversight
25YEARS WITH INDUSTRY
2YEARS WITH PORTFOLIOErich 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.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 03/31/25 (*YTD Updated Daily, As of 04/23/25 , 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 units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Important Performance Information
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Sales Charges
Initial Class shares have no sales charge.
Performance information prior to December 8, 2012, reflects time periods when another adviser or subadvisor was responsible for selecting investments for the fund under a different investment objective and different investment strategies.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24 | Benchmark: Bloomberg U.S. Aggregate Bond Indexannual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV -0.19 5.03 11.48 -2.73 16.87 12.31 7.00 -15.39 10.42 5.86 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 5.86 1.25 2023 10.42 5.53 2022 -15.39 -13.01 2021 7.0 -1.54 2020 12.31 7.51 2019 16.87 8.72 2018 -2.73 0.01 2017 11.48 3.54 2016 5.03 2.65 2015 -0.19 0.55 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 04/24/25
- Net Asset Value (NAV): $9.71
- Change ($) (since 04/23/25 ): 0.09
- Change (%) (since 04/23/25 ): 0.94
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.