MMAOX

About MMAOX

MFS 529 Year Enrollment 2042 Fund Class I is a college savings fund structured as part of a 529 plan, designed specifically to help families save for future educational expenses. This fund targets beneficiaries expected to enroll in college around the year 2042, making it suitable for young children or those planning for long-term educational goals. Its primary function is to provide an age-based investment strategy, initially allocating a higher proportion to growth-oriented assets like equities and progressively shifting toward more conservative, income-focused investments as the enrollment year approaches. The fund leverages the investment expertise of MFS Investment Management and maintains a diversified portfolio of underlying MFS mutual funds, adjusting allocations automatically over time to reflect the changing risk profile needed as the beneficiary nears college age. As part of the broader MFS 529 Savings Plan, this fund also offers ancillary benefits such as estate planning efficiencies and potential tax advantages, contributing to its role as a core vehicle for education funding within the financial market.