Morningstar

MFS Conservative Allocation Fund Class R2 MCARX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 16.52  /  −0.18 %
  • Total Assets 3.5B
  • Adj. Expense Ratio
    1.080%
  • Expense Ratio 0.590%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Global Moderately Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Limited
  • TTM Yield 2.96%
  • Turnover 5%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis MCARX

Will MCARX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCARX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MCARX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MCARX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Textbook diversification.

Senior Analyst Hyunmin Kim

Hyunmin Kim

Senior Analyst

Summary

The four offerings that constitute the MFS target-risk series–Aggressive Growth Allocation, Growth Allocation, Moderate Allocation, and Conservative Allocation–feature a durable process and compelling underlying funds. Lead manager Joe Flaherty’s June 2025 retirement does not alter our conviction in this strategy, given the firm’s prudent succession planning.

by Hyunmin Kim
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MCARX

More MCARX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 76.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MFS Total Return Bond R6

14.94 538M
—

MFS Inflation-Adjusted Bond R6

10.01 360M
—

MFS Limited Maturity R6

9.95 358M
—

MFS Government Securities R6

9.92 357M
—

MFS Global Opportunistic Bd R6

7.01 252M
—

MFS Value R6

5.97 215M
—

MFS Growth R6

5.30 191M
—

MFS Research R6

5.29 190M
—

MFS Mid Cap Growth R6

4.06 146M
—

MFS Mid Cap Value R6

4.02 145M
—

Sponsor Center