- ISIN
- US55275E5490
- CUSIP
- 55275E549
- Issuer
- MFS
- Inception Date
- Sep 28, 2005
- Category
- Target Retirement Date
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MLFIX Performance Chart
MFS Lifetime 2040 Fund (MLFIX) is up 8.8% since the beginning of the year. MLFIX is currently trading at $23 per share. Investors who bought $1,000 worth of MLFIX shares 5 years ago would now be looking at an investment worth $1,485.
Loading charts...
Returns By Period
MFS Lifetime 2040 Fund (MLFIX) has returned 8.82% so far this year and 19.05% over the past 12 months. Over the last ten years, MLFIX has returned 10.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
MFS Lifetime 2040 Fund
- 1D
- 0.36%
- 1M
- 3.15%
- YTD
- 8.82%
- 6M
- 9.41%
- 1Y
- 19.05%
- 3Y*
- 15.51%
- 5Y*
- 8.23%
- 10Y*
- 10.57%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MLFIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2005, MLFIX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +10.7%, while the worst month was Oct 2008 at -20.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MLFIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.89% | 1.87% | -5.06% | 6.44% | 2.23% | 0.49% | 8.82% | ||||||
| 2025 | 3.35% | -0.65% | -2.61% | 0.10% | 4.42% | 3.55% | 0.48% | 2.46% | 1.66% | 0.23% | 0.86% | 0.49% | 15.08% |
| 2024 | 0.16% | 3.23% | 3.35% | -3.34% | 3.56% | 0.46% | 2.76% | 1.89% | 1.81% | -1.92% | 3.67% | -3.54% | 12.35% |
| 2023 | 6.60% | -3.01% | 1.31% | 0.94% | -1.92% | 5.23% | 2.82% | -2.03% | -4.04% | -2.63% | 7.62% | 5.20% | 16.29% |
| 2022 | -4.65% | -1.95% | 1.31% | -6.05% | 0.77% | -7.86% | 6.99% | -3.71% | -8.40% | 5.78% | 6.65% | -3.73% | -15.32% |
| 2021 | -0.48% | 2.53% | 2.73% | 4.54% | 1.42% | 1.11% | 1.52% | 2.11% | -3.44% | 4.23% | -2.46% | 4.04% | 18.94% |
Benchmark Metrics
MFS Lifetime 2040 Fund has an annualized alpha of 0.12%, beta of 0.85, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since September 30, 2005.
- This fund participated in 92.52% of S&P 500 Index downside but only 87.96% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.85 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.12%
- Beta
- 0.85
- R²
- 0.93
- Upside Capture
- 87.96%
- Downside Capture
- 92.52%
Expense Ratio
MLFIX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
MLFIX ranks 52 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS Lifetime 2040 Fund (MLFIX) and compare them to S&P 500 Index.
| MLFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.93 | -0.26 |
| Martin ratioReturn relative to average drawdown | 11.47 | 13.52 | -2.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
MFS Lifetime 2040 Fund provided a 7.15% dividend yield over the last twelve months, with an annual payout of $1.61 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.61 | $1.61 | $1.05 | $0.65 | $1.07 | $1.82 | $0.57 | $0.99 | $0.87 | $0.58 | $0.97 | $0.30 |
Dividend yield | 7.15% | 7.79% | 5.41% | 3.58% | 6.61% | 8.92% | 3.07% | 5.79% | 6.06% | 3.56% | 6.91% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Lifetime 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 | $1.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Lifetime 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Lifetime 2040 Fund was 54.99%, occurring on Mar 9, 2009. Recovery took 887 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.99%Mar 2009 | 1y 4mo | 3y 6mo | 4y 11moOct 2007 - Sep 2012 |
COVID crash2020 | -31.66%Mar 2020 | 1mo 2d | 5mo 8d | 6mo 10dFeb 2020 - Aug 2020 |
Bear market2022 | -22.37%Oct 2022 | 11mo 8d | 1y 3mo | 2y 3moNov 2021 - Feb 2024 |
2016 correction2016 | -16.72%Feb 2016 | 8mo 25d | 6mo 2d | 1y 2moMay 2015 - Aug 2016 |
Rate-hike selloffLate 2018 | -16.30%Dec 2018 | 10mo 29d | 3mo 15d | 1y 2moJan 2018 - Apr 2019 |
Drawdown Indicators
| MLFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.99% | -56.78% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -9.10% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.76% | -18.90% | +6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -25.43% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.66% | -33.92% | +2.26% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -10.72% | +3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.97% | -0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MLFIX
Add MFS Lifetime 2040 Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MLFIX