MFS Growth Allocation Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.4%
1 yr return
13.1%
3 Yr Avg Return
2.2%
5 Yr Avg Return
7.6%
Net Assets
$6.5 B
Holdings in Top 10
70.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 7.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MAGWX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMFS Growth Allocation Fund
-
Fund Family NameMFS
-
Inception DateJun 28, 2002
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph Flaherty
Fund Description
The fund is designed to provide diversification among different asset classes by investing its assets in other mutual funds advised by MFS (Massachusetts Financial Services Company, the fund’s investment adviser), referred to as underlying funds.
MFS selects the asset class allocations based on a strategic asset allocation process that takes into account a variety of factors, including historical risk and performance, projected performance, and other factors. MFS’ analyses of projected performance are primarily based on quantitative models using various inputs such as valuation metrics, growth rates, profitability, yields, and inflation. MFS may also consider current market conditions, its qualitative assessment of the risk/return characteristics of asset classes, and other factors in determining these allocations.
MFS employs the strategic asset allocation process described above to determine the amount of the fund’s assets invested in (1) underlying funds that invest primarily in equity securities (“Equity Funds”) and underlying funds that provide exposure to less traditional asset classes, such as real estate and commodities (“Non-Traditional Funds”) and (2) underlying funds that invest primarily in debt instruments (“Bond Funds”) and an underlying fund that invests in cash and/or cash equivalents (“Money Market Fund”).
MFS selects the underlying funds within each asset class based on underlying fund classifications, historical risk, historical and projected performance of the represented asset classes, as well as other factors.
Within the Equity Fund allocation, 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). A portion of the fund’s assets is also allocated to Non-Traditional Funds (i.e., asset classes less correlated to the overall equity and debt markets), which MFS believes provides further diversification benefits.
Within the Bond Fund allocation, MFS includes underlying funds with varying degrees of geographic, interest rate, and credit exposure, including exposure to below investment grade quality debt instruments. A portion of the fund’s assets may also be allocated to the Money Market Fund.
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 September 1, 2023, the fund’s approximate long-term strategic allocation among asset classes was:
Equity Funds and Non-Traditional Funds | 80 | % |
Bond Funds and Money Market Fund | 20 | % |
MFS may deviate from the long-term strategic allocations set forth above; however, any deviation from the long-term strategic allocation is not expected to be greater than plus or minus 10% under normal market conditions. Additionally, the fund’s allocation to Non-Traditional Funds will not typically exceed 20% of the fund’s assets.
As of September 1, 2023, the fund’s approximate strategic allocation among asset classes was:
Equity Funds and Non-Traditional Funds | 80.0 | % |
U.S. Equity Funds | 52.0 | % |
International Equity Funds | 20.0 | % |
Non-Traditional Funds | 8.0 | % |
Bond Funds and Money Market Fund | 20.0 | % |
Bond Funds | 20.0 | % |
Money Market Fund | 0.0 | % |
All percentages are rounded to the nearest tenth of a percent. As a result, the sum of the asset class allocations presented in the table may not total 100%.
MAGWX - Performance
Return Ranking - Trailing
Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -3.5% | 17.9% | 54.92% |
1 Yr | 13.1% | -3.2% | 48.8% | 65.76% |
3 Yr | 2.2%* | -9.2% | 9.6% | 59.65% |
5 Yr | 7.6%* | 0.3% | 13.0% | 41.92% |
10 Yr | 7.4%* | -0.5% | 11.3% | 25.59% |
* Annualized
Return Ranking - Calendar
Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.6% | -6.9% | 29.3% | 67.35% |
2022 | -19.8% | -37.4% | -8.2% | 36.93% |
2021 | 8.0% | -9.8% | 25.4% | 50.35% |
2020 | 10.4% | -21.0% | 25.4% | 29.21% |
2019 | 20.5% | -8.3% | 27.9% | 10.00% |
Total Return Ranking - Trailing
Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -3.5% | 17.9% | 54.92% |
1 Yr | 13.1% | -3.2% | 48.8% | 65.76% |
3 Yr | 2.2%* | -9.2% | 9.6% | 59.65% |
5 Yr | 7.6%* | 0.3% | 13.0% | 41.92% |
10 Yr | 7.4%* | -0.5% | 11.3% | 25.59% |
* Annualized
Total Return Ranking - Calendar
Period | MAGWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.6% | -0.9% | 33.0% | 66.67% |
2022 | -16.1% | -36.0% | -0.9% | 48.78% |
2021 | 15.7% | -7.8% | 33.9% | 53.90% |
2020 | 14.5% | -16.2% | 25.4% | 33.33% |
2019 | 26.3% | 7.3% | 34.8% | 10.77% |
NAV & Total Return History
MAGWX - Holdings
Concentration Analysis
MAGWX | Category Low | Category High | MAGWX % Rank | |
---|---|---|---|---|
Net Assets | 6.5 B | 1.11 M | 120 B | 22.97% |
Number of Holdings | 22 | 4 | 2543 | 54.39% |
Net Assets in Top 10 | 4.6 B | 1.06 M | 30.6 B | 17.23% |
Weighting of Top 10 | 70.71% | 19.8% | 102.8% | 54.39% |
Top 10 Holdings
- MFS Value Fund 10.05%
- MFS Growth Fund 9.48%
- MFS Research Fund 9.36%
- MFS Mid Cap Growth Fund 9.25%
- MFS Mid Cap Value Fund 9.14%
- MFS Research International Fund 6.98%
- MFS Inflation Adjusted Bond Fund 4.77%
- MFS Global Real Estate Fund 3.93%
- MFS High Income Fund 3.91%
- MFS Commodity Strategy Fund 3.85%
Asset Allocation
Weighting | Return Low | Return High | MAGWX % Rank | |
---|---|---|---|---|
Stocks | 97.81% | 0.00% | 100.68% | 47.64% |
Cash | 2.19% | -7.71% | 88.58% | 36.49% |
Convertible Bonds | 0.22% | 0.00% | 26.48% | 71.09% |
Preferred Stocks | 0.00% | 0.00% | 18.74% | 40.20% |
Other | 0.00% | -0.07% | 31.76% | 47.30% |
Bonds | 0.00% | 0.00% | 104.29% | 52.03% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MAGWX % Rank | |
---|---|---|---|---|
Technology | 16.68% | 3.31% | 52.93% | 72.79% |
Financial Services | 15.43% | 0.28% | 52.80% | 42.86% |
Industrials | 13.45% | 1.16% | 32.55% | 8.16% |
Healthcare | 12.67% | 0.00% | 36.30% | 58.16% |
Consumer Cyclical | 9.66% | 0.00% | 16.01% | 69.73% |
Real Estate | 8.06% | 0.00% | 33.86% | 18.03% |
Consumer Defense | 6.95% | 0.00% | 14.86% | 38.78% |
Communication Services | 5.49% | 0.00% | 26.62% | 81.63% |
Basic Materials | 5.39% | 0.00% | 11.49% | 16.67% |
Utilities | 3.31% | 0.00% | 31.67% | 23.13% |
Energy | 2.90% | 0.00% | 29.22% | 90.48% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MAGWX % Rank | |
---|---|---|---|---|
US | 97.81% | 0.00% | 100.68% | 47.64% |
Non US | 0.00% | 0.00% | 20.23% | 43.92% |
MAGWX - Expenses
Operational Fees
MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.04% | 4.67% | 51.69% |
Management Fee | 0.00% | 0.00% | 1.25% | 3.38% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 27.01% |
Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.00% | 5.75% | 6.38% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MAGWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 7.00% | 4.00% | 236.00% | 3.21% |
MAGWX - Distributions
Dividend Yield Analysis
MAGWX | Category Low | Category High | MAGWX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.63% | 0.00% | 10.17% | 94.93% |
Dividend Distribution Analysis
MAGWX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
MAGWX | Category Low | Category High | MAGWX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.96% | -1.12% | 6.07% | 56.10% |
Capital Gain Distribution Analysis
MAGWX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2022 | $0.483 | OrdinaryDividend |
Dec 27, 2018 | $0.393 | OrdinaryDividend |
Dec 27, 2017 | $0.401 | OrdinaryDividend |
Dec 28, 2016 | $0.223 | OrdinaryDividend |
Dec 29, 2015 | $0.280 | OrdinaryDividend |
Dec 29, 2014 | $0.293 | OrdinaryDividend |
Dec 27, 2013 | $0.243 | OrdinaryDividend |
Dec 27, 2012 | $0.256 | OrdinaryDividend |
Dec 27, 2011 | $0.307 | OrdinaryDividend |
Dec 28, 2010 | $0.248 | OrdinaryDividend |
Dec 28, 2009 | $0.288 | OrdinaryDividend |
Dec 30, 2003 | $0.080 | OrdinaryDividend |
MAGWX - Fund Manager Analysis
Managers
Joseph Flaherty
Start Date
Tenure
Tenure Rank
Jun 28, 2002
19.94
19.9%
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.
Natalie Shapiro
Start Date
Tenure
Tenure Rank
Sep 01, 2018
3.75
3.8%
Natalie I. Shapiro, Ph.D. is an Investment Officer, Portfolio Manager and Quantitative Fixed Income Research Analyst at MFS Investment Management® (MFS®). Prior to joining MFS in 1997, Natalie served as a research associate for the Federal Reserve Bank of Boston. Natalie has earned a bachelor's degree from Wellesley College and a doctorate from the University of Pennsylvania.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 38.44 | 7.41 | 2.41 |