MFLGX — MFS Lifetime 2020 Fund
Data updated: 2022-09-26
MFLGX — MFS Lifetime 2020 Fund. Target Date / Glide Path Allocation · $269.58M AUM · 0.97% expense ratio. Holdings, fees, performance and SEC filings.
MFLGX Fund Overview
MFLGX — MFS Lifetime 2020 Fund is a US mutual fund managed by Mfs Series Trust XII, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mfs Series Trust XII
- Category: Target Date / Glide Path Allocation
- Assets under management: $269.58M
- 1-year return: -7.1%
- Ticker: MFLGX
- SEC CIK: 0001330967
- SEC series ID: S000002503
- Share class ID: C000006817
MFLGX Investment Objective and Strategy
MFS Lifetime 2020 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mfs Series Trust XII.
Investment objective
The funds investment objective is to seek a high level of total return consistent with its asset allocation until the approximate retirement year in the funds 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.
Principal investment strategy
The fund is designed to provide diversification among different asset classes for investors with the approximate retirement year in the funds name. MFS (Massachusetts Financial Services Company, the funds investment adviser) invests substantially all of the funds assets in other MFS mutual funds, referred to as underlying funds. The underlying funds are selected following a two-stage asset allocation process. The first stage is a strategic asset allocation to determine the percentage of the funds assets invested in the general asset classes of (1) Bond Funds, (2) International Stock Funds, and (3) U.S. Stock Funds, as well as (4) Specialty Funds (underlying funds that have less traditional investment strategies that MFS believes provide diversification benefits when added to a portfolio consisting of stock and bond funds).
The second stage involves the actual selection of underlying funds to represent the asset classes based on underlying fund classifications, historical risk, performance, and other factors. Within the stock fund allocations, 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). Within the bond fund allocation, MFS includes underlying funds with varying degrees of interest rate and credit exposure, including below investment grade quality debt instruments. 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, 2018, the funds approximate target allocation among asset classes and the underlying funds was: Bond Funds: 66.2 % MFS Emerging Markets Debt Fund 2.4 % MFS Emerging Markets Debt Local Currency Fund 1.4 % MFS Global Bond Fund 5.0 % MFS Government Securities Fund 10.0 % MFS High Income Fund 3.9 % MFS Inflation-Adjusted Bond Fund 10.0 % MFS Limited Maturity Fund 15.7 % MFS Total Return Bond Fund 17.8 % International Stock Funds: 6.3 % MFS Blended Research International Equity Fund 3.2 % MFS International Growth Fund 0.7 % MFS International Value Fund 0.7 % MFS Research International Fund 1.7 % U.S. Stock Funds: 23.5 % MFS Blended Research Core Equity Fund 2.4 % MFS Blended Research Growth Equity Fund 2.4 % MFS Blended Research Mid Cap Equity Fund 3.4 % MFS Blended Research Small Cap Equity Fund 1.0 % MFS Blended Research Value Equity Fund 2.4 % MFS Growth Fund 2.4 % MFS Mid Cap Growth Fund 1.7 % MFS Mid Cap Value Fund 1.7 % MFS New Discovery Fund 0.5 % MFS New Discovery Value Fund 0.5 % MFS Research Fund 2.4 % MFS Value Fund 2.4 % Specialty Funds: 4.0 % MFS Commodity Strategy Fund 2.0 % MFS Global Real Estate Fund 2.0 % All percentages are rounded to the nearest tenth of a percent.
As a result, the sum of the target underlying fund allocations in each asset class may not equal the target asset class allocations for such asset class, and the target asset class and underlying fund allocations presented in the table may not total 100%. The asset class allocations, as well as the underlying funds and their target weightings, are based on an allocation strategy designed for investors with the approximate retirement year in the funds 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. Upon reaching its stated target year, the funds 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 Funds target asset allocation. The chart below illustrates, as of August 1, 2018, how the asset allocation strategy of the fund will change over time. Years to Retirement Bond International Stock U.S. Stock Specialty RI -10 71 5 20 4 RI -5 71 5 20 4 RI 0 71 5 20 4 Con 5 60 8 28 4 Mod 10 40 13 41 6 Growth 15 20 20 52 8 formula 20 12.5 24 54.5 9 2040 25 5 28 57 10 2040 30 5 28 57 10 2040 35 5 28 57 10 2040 40 5 28 57 10 2040 45 5 28 57 10 2040 50 5 28 57 10 2040 55 5 28 57 10
MFLGX Performance
Total returns for MFLGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.1% |
| 3 years (annualised) | 3.3% |
MFLGX Risk Information
Risk metrics for MFLGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.0%
MFLGX Costs and Fees
MFLGX costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 1.19%
- Portfolio turnover: 30%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MFLGX Cashflows
Over the 12 months to 2022-07, MFS Lifetime 2020 Fund had net outflows of $28.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | −$3.50M |
| 2022-06 | −$5.10M |
| 2022-05 | −$4.11M |
| 2022-04 | −$2.61M |
| 2022-03 | $2.94M |
| 2022-02 | −$4.19M |
MFLGX Debt Constituents
No individual debt constituents are reported in MFS Lifetime 2020 Fund's latest SEC N-PORT filing.
MFLGX Prospectus and SEC Filings
Official MFS Lifetime 2020 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-08-26
- Prospectus (485BPOS) — filed 2020-08-27
- Prospectus (485BPOS) — filed 2019-09-18
- Portfolio holdings (N-PORT) — filed 2022-09-26
- Portfolio holdings (N-PORT) — filed 2022-06-23
- Portfolio holdings (N-PORT) — filed 2022-03-25
- Annual census (N-CEN) — filed 2022-07-11
- Annual census (N-CEN) — filed 2021-07-13
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.