0001752724-22-215407.txt : 20220926 0001752724-22-215407.hdr.sgml : 20220926 20220926112314 ACCESSION NUMBER: 0001752724-22-215407 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20220731 FILED AS OF DATE: 20220926 DATE AS OF CHANGE: 20220926 PERIOD START: 20230430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MFS SERIES TRUST XII CENTRAL INDEX KEY: 0001330967 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21780 FILM NUMBER: 221264546 BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 617-954-5000 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE CITY: BOSTON STATE: MA ZIP: 02199 FORMER COMPANY: FORMER CONFORMED NAME: MFS Series Trust XII DATE OF NAME CHANGE: 20050622 0001330967 S000030062 MFS Lifetime 2050 Fund C000092196 A MFFSX C000092197 B MFFRX C000092198 C MFFDX C000092199 I MFFIX C000092200 R1 MFFMX C000092201 R2 MFFNX C000092202 R3 MFFOX C000092203 R4 MFFPX C000173229 R6 MFFKX NPORT-P 1 primary_doc.xml NPORT-P false 0001330967 XXXXXXXX S000030062 C000092201 C000092197 C000173229 C000092203 C000092199 C000092196 C000092202 C000092200 C000092198 MFS SERIES TRUST XII 811-21780 0001330967 549300VVIIPRJRW6FR46 111 HUNTINGTON AVENUE BOSTON 02199 617-954-5000 MFS Lifetime 2050 Fund S000030062 549300L30DVISSHBKT35 2023-04-30 2022-07-31 N 363239989.46 318721.54 362921267.92 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N MFS Research International Fund UH91KW1VFNZQF5FY7237 MFS Research International Fund 55273H361 707184.49300000 NS USD 14369988.90000000 3.959533422320 Long EC RF US N 1 N N N MFS Blended Research Core Equity Fund SQK3NYUBFBKJ3GF1IO09 MFS Blended Research Core Equity Fund 55273W483 609335.24000000 NS USD 18152096.80000000 5.001662455340 Long EC RF US N 1 N N N MFS Emerging Markets Equity Fund GLINMRWNKCBOHYKQ2131 MFS Emerging Markets Equity Fund 552746331 115375.50000000 NS USD 3488955.12000000 0.961353171721 Long EC RF US N 1 N N N MFS Growth Fund K4ZYIH3WSXKUSPKIPM59 MFS Growth Fund 552985673 132987.77700000 NS USD 20368407.93000000 5.612348939134 Long EC RF US N 1 N N N MFS International New Discovery Fund RC53GXLQZ5LVIZBRHR66 MFS International New Discovery Fund 552981383 458794.53600000 NS USD 14387796.65000000 3.964440202818 Long EC RF US N 1 N N N MFS New Discovery Value Fund LRMRW30Z8FYTIFW1W860 MFS New Discovery Value Fund 552982696 239545.23600000 NS USD 4378886.91000000 1.206566629477 Long EC RF US N 1 N N N MFS Blended Research Value Equity Fund 549300QL66OEPI6JSE90 MFS Blended Research Value Equity Fund 552746133 1359802.00900000 NS USD 19744325.17000000 5.440388016706 Long EC RF US N 1 N N N MFS Blended Research Small Cap Equity Fund 549300R0MISDFKQQMH05 MFS Blended Research Small Cap Equity Fund 552743684 634047.36100000 NS USD 9149303.42000000 2.521016051893 Long EC RF US N 1 N N N MFS International Intrinsic Value Fund 7540QFSKYNTDFH7HAK24 MFS International Intrinsic Value Fund 552746349 300188.68600000 NS USD 12803047.46000000 3.527775468596 Long EC RF US N 1 N N N MFS Mid Cap Growth Fund XPX0WXKIO6CLKBLYF666 MFS Mid Cap Growth Fund 552987554 717868.36200000 NS USD 18643041.36000000 5.136938230941 Long EC RF US N 1 N N N MFS Global Real Estate Fund ROYDM6SL56ZXYAENS860 MFS Global Real Estate Fund 552982720 962566.39700000 NS USD 18202130.57000000 5.015448853224 Long EC RF US N 1 N N N MFS Blended Research Mid Cap Equity Fund 549300CJNZTXTE7DBK33 MFS Blended Research Mid Cap Equity Fund 552743551 2992776.25600000 NS USD 36422087.04000000 10.03580948803 Long EC RF US N 1 N N N MFS New Discovery Fund ZVEMRLDGMDO1D1VDSU87 MFS New Discovery Fund 55273H346 167939.27300000 NS USD 4581383.37000000 1.262362880042 Long EC RF US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio 55291X109 270814.88400000 NS USD 270814.88000000 0.074620834858 Long STIV RF US N 1 N N N MFS Blended Research Growth Equity Fund 549300M0GLI3GVVPMM34 MFS Blended Research Growth Equity Fund 552743783 1244555.03100000 NS USD 20373365.86000000 5.613715056371 Long EC RF US N 1 N N N MFS Research Fund XFPOOG2XVG5TW1LZ8588 MFS Research Fund 552981391 345329.86800000 NS USD 18219603.84000000 5.020263470482 Long EC RF US N 1 N N N MFS Research Bond Fund FJAEEQMSDDUK9QL2E558 MFS Research Bond Fund 55274K603 882795.32300000 NS USD 8801469.37000000 2.425173211932 Long EC RF US N 1 N N N MFS Value Fund HV6C0RMURVKFUQ3UTB42 MFS Value Fund 55273H353 398626.84500000 NS USD 19823713.00000000 5.462262686784 Long EC RF US N 1 N N N MFS Inflation Adjusted Bond Fund VOHO802M9IKG3IZTEN75 MFS Inflation Adjusted Bond Fund 55274K884 849258.66900000 NS USD 8891738.26000000 2.450046069485 Long EC RF US N 1 N N N MFS Commodity Strategy Fund T0OEQ8I3F6DXUJCOV412 MFS Commodity Strategy Fund 55276T826 3393266.71000000 NS USD 18052178.90000000 4.974130891656 Long EC RF US N 1 N N N MFS Blended Research Emerging Markets Equity Fund 549300N4Y1QEM5QDU861 MFS Blended Research Emerging Markets Equity Fund 552987240 285298.58600000 NS USD 3500613.65000000 0.964565584723 Long EC RF US N 1 N N N MFS Blended Research International Equity Fund 5493006W0U1M8BQLTQ30 MFS Blended Research International Equity Fund 552987448 3525772.54900000 NS USD 39312363.92000000 10.83220174593 Long EC RF US N 1 N N N MFS Mid Cap Value Fund BXHSCSBXYY1DOHP6E209 MFS Mid Cap Value Fund 55273W475 605782.72700000 NS USD 18143192.67000000 4.999208994827 Long EC RF US N 1 N N N MFS International Growth Fund PTNAY8DC4VJYOKVJ5B83 MFS International Growth Fund 552746356 338864.02800000 NS USD 12568466.80000000 3.463138677992 Long EC RF US N 1 N N N 2022-08-23 MFS SERIES TRUST XII Kasey Phillips Kasey Phillips Assistant Treasurer XXXX NPORT-EX 2 NPORT_523R_94159672_0722.htm
Quarterly Report
July 31, 2022
MFS®  Lifetime®  2050 Fund
ML5-Q1
Portfolio of Investments
7/31/22 (unaudited)
The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.
Issuer     Shares/Par Value ($)
Investment Companies (h) – 100.0%
Bond Funds – 4.9%
MFS Inflation-Adjusted Bond Fund - Class R6     851,627 $8,916,530
MFS Total Return Bond Fund - Class R6     888,292 8,856,273
        $17,772,803
International Stock Funds – 27.7%
MFS Blended Research Emerging Markets Equity Fund - Class R6     286,744 $3,518,345
MFS Blended Research International Equity Fund - Class R6     3,533,197 39,395,149
MFS Emerging Markets Equity Fund - Class R6     116,015 3,508,311
MFS International Growth Fund - Class R6     339,349 12,586,448
MFS International Intrinsic Value Fund - Class R6     300,189 12,803,048
MFS International New Discovery Fund - Class R6     459,344 14,405,024
MFS Research International Fund - Class R6     708,154 14,389,702
        $100,606,027
Specialty Funds – 10.0%
MFS Commodity Strategy Fund - Class R6     3,395,549 $18,064,318
MFS Global Real Estate Fund - Class R6     962,566 18,202,131
        $36,266,449
U.S. Stock Funds – 57.3%
MFS Blended Research Core Equity Fund - Class R6     609,335 $18,152,097
MFS Blended Research Growth Equity Fund - Class R6     1,244,555 20,373,366
MFS Blended Research Mid Cap Equity Fund - Class R6     2,992,776 36,422,087
MFS Blended Research Small Cap Equity Fund - Class R6     634,047 9,149,303
MFS Blended Research Value Equity Fund - Class R6     1,361,807 19,773,435
MFS Growth Fund - Class R6     132,988 20,368,408
MFS Mid Cap Growth Fund - Class R6     717,869 18,643,041
MFS Mid Cap Value Fund - Class R6     605,783 18,143,193
MFS New Discovery Fund - Class R6     167,939 4,581,383
MFS New Discovery Value Fund - Class R6     248,470 4,542,034
MFS Research Fund - Class R6     345,330 18,219,604
MFS Value Fund - Class R6     398,990 19,841,765
        $208,209,716
Money Market Funds – 0.1%  
MFS Institutional Money Market Portfolio, 1.72% (v)     271,199 $271,199
Total Investment Companies $363,126,194
 
Other Assets, Less Liabilities – 0.0%   88,501
Net Assets – 100.0% $363,214,695
(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end, the aggregate value of the fund’s investments in affiliated issuers was $363,126,194.      
(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.      
See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.
1
Supplemental Information
7/31/22 (unaudited)
The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.
(1) Investment Valuations
Open-end investment companies (underlying funds) are generally valued at their net asset value per share. The investments of underlying funds managed by the adviser are valued as described below. For purposes of this policy disclosure, “fund” also refers to the underlying funds in which the fund-of-funds invests.
Equity securities, including restricted equity securities and equity securities sold short, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. Equity securities sold short, for which there were no sales reported that day, are generally valued at the last quoted daily ask quotation on their primary market or exchange as provided by a third-party pricing service. Debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Debt instruments sold short are generally valued at an evaluated or composite mean as provided by a third-party pricing service.
Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value.
Exchange-traded options are generally valued at the last sale or official closing price on their primary exchange as provided by a third-party pricing service. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation on their primary exchange as provided by a third-party pricing service. For put options, the position may be valued at the last daily ask quotation if there are no trades reported during the day. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided by a third-party pricing service. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an evaluation of any trading activity at the clearinghouses. Open-end investment companies are generally valued at net asset value per share. Securities and other assets, including commodity-linked structured notes, generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.
The Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments (including any fair valuation) to the adviser pursuant to valuation policies and procedures approved by the Board. If the adviser determines that reliable market quotations are not readily available, investments are valued at fair value as determined in good faith by the adviser in accordance with such procedures under the oversight of the Board of Trustees. Under the fund’s valuation policies and procedures, market quotations are not considered to be readily available for most types of debt instruments and floating rate loans and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services. In addition, investments may be valued at fair value if the adviser determines that an investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund’s net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund’s net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund’s foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund’s net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund’s net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.
Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other
2
Supplemental Information (unaudited) – continued
significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. The following is a summary of the levels used as of July 31, 2022 in valuing the fund's assets and liabilities:
Financial Instruments Level 1 Level 2 Level 3 Total
Mutual Funds $363,126,194 $— $— $363,126,194
For further information regarding security characteristics, see the Portfolio of Investments. Please refer to the underlying funds’ shareholder reports for further information regarding the levels used in valuing the underlying funds’ assets and liabilities.
(2) Investments in Affiliated Issuers
An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers:
Affiliated Issuers Beginning
Value 		Purchases Sales
Proceeds 		Realized
Gain
(Loss) 		Change in
Unrealized
Appreciation or
Depreciation 		Ending
Value
MFS Blended Research Core Equity Fund $16,671,828 $1,444,471 $108,894 $(26,779) $171,471 $18,152,097
MFS Blended Research Emerging Markets Equity Fund 3,411,427 389,465 89,193 (20,547) (172,807) 3,518,345
MFS Blended Research Growth Equity Fund 18,072,086 2,175,040 192,218 (59,150) 377,608 20,373,366
MFS Blended Research International Equity Fund 37,240,734 3,713,119 152,554 (22,860) (1,383,290) 39,395,149
MFS Blended Research Mid Cap Equity Fund 33,516,363 2,851,397 61,578 (5,982) 121,887 36,422,087
MFS Blended Research Small Cap Equity Fund 8,253,490 861,231 38,036 (5,952) 78,570 9,149,303
MFS Blended Research Value Equity Fund 18,567,362 1,305,803 138,747 (6,681) 45,698 19,773,435
MFS Commodity Strategy Fund 19,384,284 1,729,049 2,215,502 176,452 (1,009,965) 18,064,318
MFS Emerging Markets Equity Fund 3,412,530 352,087 104,343 (32,806) (119,157) 3,508,311
MFS Global Real Estate Fund 17,041,408 2,178,880 74,277 (11,956) (931,924) 18,202,131
MFS Growth Fund 18,058,648 2,164,453 235,392 (84,309) 465,008 20,368,408
MFS Inflation-Adjusted Bond Fund 8,676,178 860,156 491,651 (49,994) (78,159) 8,916,530
MFS Institutional Money Market Portfolio 342,745 20,505,736 20,577,312 4 26 271,199
MFS International Growth Fund 11,867,190 1,011,208 100,226 (29,983) (161,741) 12,586,448
MFS International Intrinsic Value Fund 11,807,261 1,162,287 24,356 (8,331) (133,813) 12,803,048
MFS International New Discovery Fund 13,545,971 1,124,849 23,755 (8,971) (233,070) 14,405,024
MFS Mid Cap Growth Fund 16,459,315 1,927,963 229,927 (84,665) 570,355 18,643,041
MFS Mid Cap Value Fund 16,786,442 1,355,197 63,462 (4,350) 69,366 18,143,193
MFS New Discovery Fund 4,118,791 478,146 31,253 (24,964) 40,663 4,581,383
MFS New Discovery Value Fund 4,174,567 494,318 20,374 (2,118) (104,359) 4,542,034
MFS Research Fund 16,621,965 1,418,264 149,288 (30,342) 359,005 18,219,604
MFS Research International Fund 13,492,158 1,097,558 17,018 (3,719) (179,277) 14,389,702
MFS Total Return Bond Fund 8,580,801 782,218 476,360 (86,747) 56,361 8,856,273
MFS Value Fund 18,463,133 1,412,122 184,735 (19,468) 170,713 19,841,765
  $338,566,677 $52,795,017 $25,800,451 $(454,218) $(1,980,831) $363,126,194
Affiliated Issuers Dividend
Income 		Capital Gain
Distributions
MFS Blended Research Core Equity Fund $— $—
MFS Blended Research Emerging Markets Equity Fund — —
MFS Blended Research Growth Equity Fund — —
MFS Blended Research International Equity Fund — —
MFS Blended Research Mid Cap Equity Fund — —
MFS Blended Research Small Cap Equity Fund — —
MFS Blended Research Value Equity Fund — —
MFS Commodity Strategy Fund — —
MFS Emerging Markets Equity Fund — —
MFS Global Real Estate Fund — —
MFS Growth Fund — —
MFS Inflation-Adjusted Bond Fund 132,883 —
3
Supplemental Information (unaudited) – continued
Affiliated Issuers − continued Dividend
Income 		Capital Gain
Distributions
MFS Institutional Money Market Portfolio $1,106 $—
MFS International Growth Fund — —
MFS International Intrinsic Value Fund — —
MFS International New Discovery Fund — —
MFS Mid Cap Growth Fund — —
MFS Mid Cap Value Fund — —
MFS New Discovery Fund — —
MFS New Discovery Value Fund 64,224 98,923
MFS Research Fund — —
MFS Research International Fund — —
MFS Total Return Bond Fund 59,756 —
MFS Value Fund 98,029 —
  $355,998 $98,923
(3) Russia and Ukraine Conflict
The market disruptions, which began in late February 2022, associated with geopolitical events related to the conflict between Russia and Ukraine may adversely affect the value of the fund’s assets and thus the fund’s performance. Management continues to monitor these events and to evaluate the related impacts, if any, to the fund.
4
 GRAPHIC 3 img466ce3992.gif begin 644 img466ce3992.gif M1TE&.#EA[@(9 / ((M0@ "'Y! $ $ + #N AD +^A(^IR^T/ MHYRTVHNSWKS[#X;B2);FB:;JRK;N"\?R3-?VC>?ZSO=J P*A\2B\8A,*I?, MIO,)C4JGU*KUBLUJM]RNM^L+BR'?LOF,3JO7[+;[#8\;Q_0Z0([/Z_?\OO\/ MB&(B8J+C(V-A$"'GC.$E9:7F)F8D4R1FC^0D:*CI*NM5YNE*JNLK: MZEJ)&EOR2EMK>XMK)KL+DNO["QPLS$NL(7R,G*S\6=Q,L0P=+3W-YVSM0)VM MOOU]T"T^3EY.! YNKK[.#HUNW1XO/V_[7DR/GZ\/:K^[_P\PH*)^J 0: M/(A0$$%."1LZ?/AE(22(%"M:C"+1SL43C1P[#LDXQJ/(D15!AB&),N7! @ [ end GRAPHIC 4 img6b40d23b1.gif begin 644 img6b40d23b1.gif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