MFS Lifetime Income Fund Class R2 is a mutual fund designed to provide investors with sustainable income throughout retirement by utilizing a diversified, multi-asset approach. Its primary function is to generate total return through a blend of current income and capital appreciation, making it suitable for those already in or entering retirement. The fund achieves this by following a 'fund of funds' strategy—allocating assets across other MFS mutual funds, with a typical target allocation of approximately 70% in bond funds, 20% in U.S. stock funds, and 10% in cash funds. This structure aims for both principal preservation and moderate growth potential, balancing risk and reward as retirement needs evolve. The fund regularly rebalances its holdings to maintain its conservative profile, emphasizing fixed income and global diversification. Its monthly dividend payouts and relatively low volatility, reflected in a five-year beta of 0.41, make it a notable option for income-focused retirees. Since its inception in 2005, the fund has exemplified a systematic approach to supporting retirement financial goals, standing out within the target-date retirement fund category.
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