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MFS Lifetime 2030 C (MLTCX)

14.14 Up 0.02(0.14%) Jul 23

Profile as of Jun 29, 2014Get Profile for:
MFS Lifetime 2030 C
111 Huntington Avenue24th Floor
Phone: 800-225-2606
Fund Overview 
Category:Target Date 2026-2030
Fund Family:MFS
Net Assets:363.47M
Year-to-Date Return:4.51%
Morningstar Rating:4 stars
Fund Inception Date:Sep 29, 2005
Morningstar Style Box 
Target Date 2026-2030
[View Category Definition]
View Top Target Date 2026-2030 Funds
About the Morningstar Style Box
Management Information 
Joseph C. Flaherty, Jr.
Lead Manager since Sep 29, 2005
Joseph C. Flaherty, Jr., is an investment officer and chief investment risk officer at MFS Investment Management® (MFS®). He serves as the director of the MFS' Quantitative Solutions group and is a portfolio manager of the firm's asset allocation portfolios. Joe joined MFS as a fixed-income quantitative research associate in 1993 and was named quantitative research analyst in 1996. He became manager of the Quantitative Research Group and portfolio manager in 1999, director of Fixed Income Quantitative Research in 2004, and director of the Quantitative Solutions Team in 2005. He earned a Bachelor of Science degree in mechanical engineering from Tufts University in 1984 and an MBA from Bentley College in 1990.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:250
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
MLTCX can be purchased from 39 brokerages.

Fund Summary 
The investment seeks a high level of total return. The fund is designed to provide diversification among different asset classes by investing the majority of assets in other MFS mutual funds, referred to as underlying funds. Within the stock fund allocations, MFS seeks to diversify globally (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.

Fund Operations 
Last Dividend (Dec 26, 2013) : 0.11
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 21, 2014) : 6.00%
Average for Category:26.32%
Fees & Expenses 
ExpenseMLTCXCategory Avg
Annual Report Expense Ratio (net):1.00%0.53%
Prospectus Net Expense Ratio:1.79%N/A
Prospectus Gross Expense Ratio:2.00%N/A
Max 12b1 Fee:1.00%N/A
Max Front End Sales Load:N/A5.26%
Max Deferred Sales Load: 1.00%2.28%
3 Yr Expense Projection*:607682
5 Yr Expense Projection*:1,0581,361
10 Yr Expense Projection*:2,3102,403
* Per $10,000 invested