Intro Guide To The MFS Growth Allocation A (MAGWX) Fund

MFS Growth Allocation A Fund (MAGWX) a Zacks Rank #2 (Buy) was incepted in June 2002 and is managed by Massachusetts Financial Services Company. MAGWX's investment objective is to seek long-term growth of capital, and secondarily current income. MAGWX seeks to achieve its investment objective by allocating its assets according to the following target asset class allocations: U.S. Stocks - 60%, International Stocks- 20%, Bonds - 20%, Cash - 0%. MAGWX implements its allocation by investing in a mix of underlying funds, which in turn may invest directly in U.S. equity securities, foreign equity securities and bonds.

This Allocation Balanced product, as of the last filing, allocates their fund in eight major groups; Intermediate Bond, Large Value, Foreign Stock, Large Growth, High Yield Bond, Small Value, Small Growth and Emerging Market. Further, as of the last filing, MFS Value Fund, MFS Growth Fund and MFS Mid Cap Value Fund were the top holdings for MAGWX.

The MFS Growth Allocation A fund, managed by MFS, carries an expense ratio of 0.35%. Moreover, MAGWX requires a minimal initial investment of $1,000.

MAGWX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.77% and 5 year 6.35%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

MAGWX’s performance, as of the last filing, when compared to funds in its category was in the top 22% in 1 year, top 20% over the past 3 years, and in the 16% over the past 5 years.

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