Fund Evaluator:

MFS Lifetime 2070 R1 Overview

MFS Lifetime 2070 R1 (MLTRX) is an actively managed Allocation Target-Date 2070+ fund. MFS launched the fund in 2026.

The investment seeks a high level of total return consistent with its asset allocation until the approximate retirement year in the fund's 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. The fund is designed to provide diversification among different asset classes for investors with the approximate retirement year in the fund's name.

About MFS Lifetime 2070 R1 (MLTRX)

There are 3 members of the management team with an average tenure of 0.18 years: Ben Nastou (2026), Natalie Shapiro (2026), Erich Shigley (2026). Management tenure is more important for actively managed funds than passive index funds.

MFS Lifetime 2070 R1 has 24 securities in its portfolio. The top 10 holdings constitute 62.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

MFS Lifetime 2070 R1 is part of the Allocation global asset class and is within the Allocation fund group. MFS Lifetime 2070 R1 has 31.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 58.3%. There is 30.1% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 9.4% (8.4% domestic bond, 1.0% foreign bond and 0.0% convertible bond). MFS Lifetime 2070 R1 has -2.5% of the portfolio in cash.

Assets Under Management

The fund has $50 million in total assets, which is below the $36 million average for the Target-Date 2070+ category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MLTRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MFS Lifetime 2070 R1 expense ratio is high compared to funds in the Target-Date 2070+ category. MFS Lifetime 2070 R1 has an expense ratio of 1.55%, which is 132% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for MFS Lifetime 2070 R1. By way of comparison, the average portfolio turnover is 20% for the Target-Date 2070+ category.

Recently, in the month of July 2026, MFS Lifetime 2070 R1 returned 0.3%, which earned it a grade of A, as the Target-Date 2070+ category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

MFS Lifetime 2070 R1 has a trailing yield of 0.00%, which is below the 1.34% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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