MLLJX

About MLLJX

The MFS Lifetime Income Fund R4 is an actively managed mutual fund classified as an allocation target-date retirement fund with a conservative profile. Launched in 2005, its primary objective is to achieve total return through a blend of current income and capital appreciation. The fund is structured as a diversified portfolio of underlying MFS funds, emphasizing fixed income investments—primarily bond funds—to provide stable income, while allocating a smaller portion to equity funds for potential growth. This structure allows for professional asset allocation and regular rebalancing within a single investment vehicle. The fund’s benchmark is the Bloomberg U.S. Aggregate Bond Index, reflecting its dominant commitment to the bond market. The MFS Lifetime Income Fund R4 is designed to meet the needs of investors with a focus on generating reliable retirement income, making it significant within the retirement plan and income-focused mutual fund sectors. It offers institutional share classes to eligible investors and maintains ongoing contractual expense reductions, reinforcing its appeal as a solution for long-term, income-oriented portfolio strategies.