MFS Moderate Allocation Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, MFS Moderate Allocation Fund held 23 positions with $6.45B in net assets. Its ten largest holdings made up 72.4% of the fund. The MAMAX share class costs 0.89% a year. Over the 12 months to May 2026, MAMAX returned 12.4%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
The fund's investment objective is to seek a high level of total return consistent with a moderate level of risk relative to the other MFS Asset Allocation Funds. (The MFS Asset Allocation Funds currently are MFS Conservative Allocation Fund, MFS Moderate Allocation Fund, MFS Growth Allocation Fund, and MFS Aggressive Growth Allocation Fund.)
The fund invests in a diversified portfolio of other MFS mutual funds across equity, non-traditional, and bond asset classes, with a long-term strategic allocation of approximately 60% to equities and non-traditional assets and 40% to bonds and cash. Within equities, the fund diversifies by geography, market capitalization, and style; non-traditional funds provide exposure to less correlated asset classes such as real estate and commodities; and bond funds span varying degrees of geographic, interest rate, and credit exposure. The fund may deviate from its long-term strategic allocations by up to plus or minus 10% under normal market conditions, and allocations to non-traditional funds will not typically exceed 20% of assets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
MFGKXMFS Government Securities Fund | 9.77% | $629.86M | 73.4M | $8.58 |
MFS Research Bond Fund | 8.63% | $556.48M | 58.3M | $9.55 |
MFS Value Fund | 7.97% | $514.00M | 9.9M | $51.86 |
MFS Growth Fund | 7.38% | $476.26M | 2.3M | $209.87 |
MFRKXMFS Research Fund | 7.38% | $475.72M | 8.0M | $59.62 |
MFS Mid Cap Value Fund | 7.07% | $455.83M | 13.5M | $33.78 |
MFS Mid Cap Growth Fund | 7.06% | $455.59M | 15.4M | $29.57 |
MIAKXMFS Inflation Adjusted Bond Fund | 6.96% | $448.82M | 48.9M | $9.17 |
MRSKXMFS Research International Fund | 5.24% | $338.26M | 12.1M | $28.07 |
MGBOXMFS Global Opportunistic Bond Fund | 4.96% | $319.93M | 39.4M | $8.13 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 23 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 57.79% |
| Bonds | 29.24% |
| Securitized | 11.97% |
| Cash & short-term | 1.29% |
| 2 smaller | 0.27% |
Look-through blends 22 underlying funds; 0.997% of NAV was not looked through and stays direct-classified.
How it has done
MAMAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.35%. Past returns are a record, not a forecast.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.89% | +12.43% | +38.16% | +27.27% | -7.23% | |
| 0.64% | +12.69% | +39.23% | +28.89% | -7.13% | |
| 1.64% | +11.52% | +35.08% | +22.61% | -7.37% | |
| 1.64% | +11.57% | +35.03% | +22.60% | -7.37% | |
| 0.64% | +12.69% | +39.19% | +28.91% | -7.15% | |
| 1.64% | +11.52% | +35.05% | +22.60% | -7.41% | |
| 1.14% | +12.11% | +37.17% | +25.73% | -7.28% | |
| 0.89% | +12.38% | +38.09% | +27.25% | -7.19% | |
| 0.56% | +12.74% | +39.47% | — | -7.14% |
These classes hold the same portfolio, so the 4.43pp spread over 3 years is the cost difference between them — roughly 1.48pp a year — not a difference in what they own.
Fees & fund details
MFS Moderate Allocation Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.56% – 1.64%· MAMAX 0.89%
- Portfolio turnover
- 6.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
Understand how this fund fits with the rest.
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