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MFS® Lifetime® Income Fund Class A

  • Symbol: MLLAX
  • Transaction Fee/Load Transaction Fee/Load 1  See Fidelity Fund Picks for no transaction fee alternatives

Morningstar® Snapshot*

AS OF 08/31/2015; MORNINGSTAR CATEGORY: Retirement Income
Returns 2 out of 5, Below Average Returns
Expenses 3 out of 5, Average Fees
Risk of this Category Category Risk Rating:4, where 1 is Lower and 10 is Higher

*Data provided by Morningstar.


 2 More Information
AS OF 8/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* -1.20% 1 Yr -0.93% 3 Yr +3.68% 5 Yr +5.33% Life of Fund +5.20%
*AS OF 10/1/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 08/31/2015; MORNINGSTAR CATEGORY: Retirement Income
Shows growth of hypothetical $10,000 investment in MFS® Lifetime® Income Fund Class A compared to ,Barclays U.S. Agg Bond,Retirement Income over the selected time period
MFS® Lifetime® Income Fund Class A
Retirement Income

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund -- 6.07% 6.14% -12.19% 23.30% 9.96% 3.13% 8.83% 5.54% 3.61% -0.30%
Benchmark-2 2.43% 4.33% 6.97% 5.24% 5.93% 6.54% 7.84% 4.21% -2.02% 5.97% 0.45%
Category 3.30% 7.34% 4.46% -18.06% 18.36% 8.94% 1.60% 9.01% 7.36% 4.36% -1.31%
+/- Benchmark-2 -- 1.74% -0.83% -17.43% 17.37% 3.42% -4.71% 4.62% 7.56% -2.36% -0.75%
+/- Category -- -1.27% 1.68% 5.87% 4.94% 1.02% 1.53% -0.18% -1.82% -0.75% 1.01%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Joseph C. Flaherty, Jr. since 9/29/2005

Fund Overview


The investment seeks total return through a combination of current income and capital appreciation.


The fund is designed to provide diversification among different asset classes by investing the majority of its 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. Within the bond fund allocation, MFS includes underlying funds with varying degrees of interest rate and credit exposure.


The fund is subject to the volatility of the financial markets, including that of equity and fixed income investments. Fixed income investments carry issuer default and credit risk, inflation risk, and interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Principal invested is not guaranteed at any time, including at or after retirement. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

A mutual fund registered under Mfs Series Trust XII, and managed by Massachusetts Financial Services Co. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

As of August 28, 2014, this fund changed its name from MFS Lifetime Retirement Income Fund.


More Information
Morningstar Category
Retirement Income
Fund Inception
Glossary definition opens in new window.Exp Ratio (Gross)
($9.80 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($8.40 per $1000)
Minimum to Invest 5
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
Glossary definition opens in new window.Share Class Net Assets ($M)
12 Month Low-High
$11.85 - $12.38

Asset Allocation

 7 More Information
AS OF 7/31/2015; MORNINGSTAR CATEGORY: Retirement Income
Asset Allocation
Cash 9.52%
Convertibles 0.00%
Domestic Bond 51.04%
Preferred Stock 0.14%
Foreign Bond 13.51%
Foreign Stock 6.39%
Others 0.26%
Domestic Stock 19.14%

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 6/30/2015; FUND INCEPTION 9/29/2005 Glossary definition opens in new window.

0.98% AS OF 8/28/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
MFS® Lifetime® Income Fund Class A 0.81% 4.90% 6.12% -- 5.43%
MFS® Lifetime® Income Fund Class A  (Load Adjusted) -4.99% 2.85% 4.87% -- 4.79%
Barclays U.S. Agg Bond 1.86% 1.83% 3.35% 4.44% 4.60%
Retirement Income 0.50% 4.59% 5.65% 3.97% --
Glossary definition opens in new window.After Taxes on Distributions
MFS® Lifetime® Income Fund Class A  (Load Adjusted) -5.87% 1.91% 3.88% -- 3.60%
Retirement Income -2.05% 2.98% 4.30% 2.76% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
MFS® Lifetime® Income Fund Class A  (Load Adjusted) -2.74% 1.78% 3.37% -- 3.27%
Retirement Income 0.26% 2.90% 3.90% 2.65% --

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Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; 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. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. Transaction Fee:

A transaction fee is similar to a brokerage fee or commission which you pay when you buy or sell a stock. For some funds available through Fidelity you are required to pay a transaction fee. However, you will not pay a sales load on Transaction Fee (TF) funds. You will only be charged a transaction fee when you buy a FundsNetwork TF fund, not when you sell one. All other fees and expenses described in a fund's prospectus still apply. You can choose to buy or sell shares directly from the fund itself or its principal underwriter or distributor without paying a transaction fee to Fidelity.

Online Transaction Fees: $49.95 for most funds. Certain funds will have a transaction fee of $75. To identify any applicable transaction fees associated with the purchase of a given fund, please refer to the "Fees and Distributions" tab.

Fidelity Automated Service Telephone (FAST): 25% off representative-assisted rates, Maximum: $187.50, Minimum:$75
Representative-Assisted: 0.75% of principal, Maximum: $250, Minimum: $100
Automatic Investment: $5 per transaction, after the initial investment.

Sales load:

A sales charge added to the price of the fund. Funds have different sales charge structures, including front-end loads, back-end loads (deferred), and no loads. Sales loads can either be charged when a fund is purchased, commonly known as a front-end load, or when a fund is sold, known as a deferred load. Not all funds charge a load. Refer to the Loads, Expense and Minimums section of the fund's prospectus for details on these amounts. Although no load funds do not have a front-end or deferred load, they may incur other fees, such as a 12b-1 fee.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

6. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

7. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Retirement Income
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