0001752724-22-215409.txt : 20220926 0001752724-22-215409.hdr.sgml : 20220926 20220926112315 ACCESSION NUMBER: 0001752724-22-215409 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: 221264547 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 S000038776 MFS Lifetime 2055 Fund C000119447 A LFIAX C000119448 B LFIBX C000119449 C LFICX C000119450 I LFIIX C000119451 R1 LFIRX C000119452 R2 LFISX C000119453 R3 LFITX C000119454 R4 LFIUX C000173233 R6 LFIKX NPORT-P 1 primary_doc.xml NPORT-P false 0001330967 XXXXXXXX S000038776 C000119449 C000119450 C000119452 C000119451 C000119448 C000119454 C000173233 C000119447 C000119453 MFS SERIES TRUST XII 811-21780 0001330967 549300VVIIPRJRW6FR46 111 HUNTINGTON AVENUE BOSTON 02199 617-954-5000 MFS Lifetime 2055 Fund S000038776 5493000S4RZPWVSHEE95 2023-04-30 2022-07-31 N 209259520.94 120842.79 209138678.15 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 407470.38300000 NS USD 8279798.18000000 3.958999001639 Long EC RF US N 1 N N N MFS Blended Research Core Equity Fund SQK3NYUBFBKJ3GF1IO09 MFS Blended Research Core Equity Fund 55273W483 350857.08500000 NS USD 10452032.56000000 4.997656412700 Long EC RF US N 1 N N N MFS Emerging Markets Equity Fund GLINMRWNKCBOHYKQ2131 MFS Emerging Markets Equity Fund 552746331 66470.85600000 NS USD 2010078.69000000 0.961122403460 Long EC RF US N 1 N N N MFS Growth Fund K4ZYIH3WSXKUSPKIPM59 MFS Growth Fund 552985673 76401.18600000 NS USD 11701605.65000000 5.595141823363 Long EC RF US N 1 N N N MFS International New Discovery Fund RC53GXLQZ5LVIZBRHR66 MFS International New Discovery Fund 552981383 263966.28700000 NS USD 8277982.76000000 3.958130955605 Long EC RF US N 1 N N N MFS New Discovery Value Fund LRMRW30Z8FYTIFW1W860 MFS New Discovery Value Fund 552982696 138406.99100000 NS USD 2530079.80000000 1.209761782172 Long EC RF US N 1 N N N MFS Blended Research Value Equity Fund 549300QL66OEPI6JSE90 MFS Blended Research Value Equity Fund 552746133 784211.30100000 NS USD 11386748.09000000 5.444592167610 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 363869.82700000 NS USD 5250641.60000000 2.510602843264 Long EC RF US N 1 N N N MFS International Intrinsic Value Fund 7540QFSKYNTDFH7HAK24 MFS International Intrinsic Value Fund 552746349 172374.86500000 NS USD 7351787.99000000 3.515269415983 Long EC RF US N 1 N N N MFS Mid Cap Growth Fund XPX0WXKIO6CLKBLYF666 MFS Mid Cap Growth Fund 552987554 411973.23300000 NS USD 10698944.86000000 5.115717931585 Long EC RF US N 1 N N N MFS Global Real Estate Fund ROYDM6SL56ZXYAENS860 MFS Global Real Estate Fund 552982720 554106.15900000 NS USD 10478147.47000000 5.010143299502 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 1725486.61200000 NS USD 20999172.07000000 10.04078836863 Long EC RF US N 1 N N N MFS New Discovery Fund ZVEMRLDGMDO1D1VDSU87 MFS New Discovery Fund 55273H346 96477.12100000 NS USD 2631895.86000000 1.258445297293 Long EC RF US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio 55291X109 215237.71800000 NS USD 215237.72000000 0.102916266806 Long STIV RF US N 1 N N N MFS Blended Research Growth Equity Fund 549300M0GLI3GVVPMM34 MFS Blended Research Growth Equity Fund 552743783 714858.05400000 NS USD 11702226.34000000 5.595438607299 Long EC RF US N 1 N N N MFS Research Fund XFPOOG2XVG5TW1LZ8588 MFS Research Fund 552981391 198903.49700000 NS USD 10494148.50000000 5.017794218089 Long EC RF US N 1 N N N MFS Research Bond Fund FJAEEQMSDDUK9QL2E558 MFS Research Bond Fund 55274K603 511759.95300000 NS USD 5102246.73000000 2.439647594186 Long EC RF US N 1 N N N MFS Value Fund HV6C0RMURVKFUQ3UTB42 MFS Value Fund 55273H353 229920.93600000 NS USD 11433968.15000000 5.467170516301 Long EC RF US N 1 N N N MFS Inflation Adjusted Bond Fund VOHO802M9IKG3IZTEN75 MFS Inflation Adjusted Bond Fund 55274K884 490895.70000000 NS USD 5139677.98000000 2.457545407413 Long EC RF US N 1 N N N MFS Commodity Strategy Fund T0OEQ8I3F6DXUJCOV412 MFS Commodity Strategy Fund 55276T826 1973129.74800000 NS USD 10497050.26000000 5.019181699365 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 164248.32400000 NS USD 2015326.94000000 0.963631862755 Long EC RF US N 1 N N N MFS Blended Research International Equity Fund 5493006W0U1M8BQLTQ30 MFS Blended Research International Equity Fund 552987448 2034142.02400000 NS USD 22680683.57000000 10.84480583440 Long EC RF US N 1 N N N MFS Mid Cap Value Fund BXHSCSBXYY1DOHP6E209 MFS Mid Cap Value Fund 55273W475 349702.48700000 NS USD 10473589.49000000 5.007963893932 Long EC RF US N 1 N N N MFS International Growth Fund PTNAY8DC4VJYOKVJ5B83 MFS International Growth Fund 552746356 195071.41800000 NS USD 7235198.89000000 3.459522147697 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_523Y_88468019_0722.htm
Quarterly Report
July 31, 2022
MFS®  Lifetime®  2055 Fund
L55-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     493,668 $5,168,707
MFS Total Return Bond Fund - Class R6     516,664 5,151,134
        $10,319,841
International Stock Funds – 27.7%
MFS Blended Research Emerging Markets Equity Fund - Class R6     166,230 $2,039,639
MFS Blended Research International Equity Fund - Class R6     2,043,739 22,787,690
MFS Emerging Markets Equity Fund - Class R6     67,329 2,036,039
MFS International Growth Fund - Class R6     195,832 7,263,414
MFS International Intrinsic Value Fund - Class R6     172,375 7,351,788
MFS International New Discovery Fund - Class R6     264,903 8,307,355
MFS Research International Fund - Class R6     408,888 8,308,598
        $58,094,523
Specialty Funds – 10.0%
MFS Commodity Strategy Fund - Class R6     1,973,130 $10,497,050
MFS Global Real Estate Fund - Class R6     554,106 10,478,148
        $20,975,198
U.S. Stock Funds – 57.3%
MFS Blended Research Core Equity Fund - Class R6     350,992 $10,456,040
MFS Blended Research Growth Equity Fund - Class R6     714,858 11,702,226
MFS Blended Research Mid Cap Equity Fund - Class R6     1,725,487 20,999,172
MFS Blended Research Small Cap Equity Fund - Class R6     363,870 5,250,642
MFS Blended Research Value Equity Fund - Class R6     786,895 11,425,713
MFS Growth Fund - Class R6     76,401 11,701,606
MFS Mid Cap Growth Fund - Class R6     411,973 10,698,945
MFS Mid Cap Value Fund - Class R6     349,702 10,473,589
MFS New Discovery Fund - Class R6     96,477 2,631,896
MFS New Discovery Value Fund - Class R6     143,564 2,624,345
MFS Research Fund - Class R6     198,903 10,494,149
MFS Value Fund - Class R6     230,407 11,458,144
        $119,916,467
Money Market Funds – 0.1%  
MFS Institutional Money Market Portfolio, 1.72% (v)     215,534 $215,534
Total Investment Companies $209,521,563
 
Other Assets, Less Liabilities – (0.0)%   (5,985)
Net Assets – 100.0% $209,515,578
(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 $209,521,563.      
(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 $209,521,563 $— $— $209,521,563
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 $10,068,073 $323,799 $11,250 $(2,756) $78,174 $10,456,040
MFS Blended Research Emerging Markets Equity Fund 2,051,008 136,641 34,309 (8,420) (105,281) 2,039,639
MFS Blended Research Growth Equity Fund 10,936,760 664,916 42,458 (13,209) 156,217 11,702,226
MFS Blended Research International Equity Fund 22,391,014 1,275,853 80,774 (18,012) (780,391) 22,787,690
MFS Blended Research Mid Cap Equity Fund 20,180,051 769,839 14,617 (1,891) 65,790 20,999,172
MFS Blended Research Small Cap Equity Fund 4,985,091 237,451 8,901 (1,349) 38,350 5,250,642
MFS Blended Research Value Equity Fund 11,162,121 254,686 24,309 (2,448) 35,663 11,425,713
MFS Commodity Strategy Fund 11,824,961 470,720 1,265,533 99,322 (632,420) 10,497,050
MFS Emerging Markets Equity Fund 2,050,488 114,345 38,583 (14,295) (75,916) 2,036,039
MFS Global Real Estate Fund 10,206,748 840,681 8,645 (1,727) (558,909) 10,478,148
MFS Growth Fund 10,931,160 644,399 52,900 (18,164) 197,111 11,701,606
MFS Inflation-Adjusted Bond Fund 5,240,023 150,607 146,818 (18,397) (56,708) 5,168,707
MFS Institutional Money Market Portfolio 234,418 575,739 594,622 (17) 16 215,534
MFS International Growth Fund 7,133,979 255,719 13,057 (3,950) (109,277) 7,263,414
MFS International Intrinsic Value Fund 7,119,649 324,133 2,906 (1,094) (87,994) 7,351,788
MFS International New Discovery Fund 8,162,609 294,225 7,471 (2,271) (139,737) 8,307,355
MFS Mid Cap Growth Fund 9,935,823 570,934 57,018 (20,291) 269,497 10,698,945
MFS Mid Cap Value Fund 10,116,935 330,149 14,648 (971) 42,124 10,473,589
MFS New Discovery Fund 2,488,472 147,807 8,354 (7,329) 11,300 2,631,896
MFS New Discovery Value Fund 2,519,938 170,396 5,560 (538) (59,891) 2,624,345
MFS Research Fund 10,046,739 289,225 22,813 (4,949) 185,947 10,494,149
MFS Research International Fund 8,120,509 302,453 13,039 (2,747) (98,578) 8,308,598
MFS Total Return Bond Fund 5,176,549 127,419 138,617 (25,629) 11,412 5,151,134
MFS Value Fund 11,126,903 252,981 19,576 (2,537) 100,373 11,458,144
  $204,210,021 $9,525,117 $2,626,778 $(73,669) $(1,513,128) $209,521,563
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 78,136 —
3
Supplemental Information (unaudited) – continued
Affiliated Issuers − continued Dividend
Income 		Capital Gain
Distributions
MFS Institutional Money Market Portfolio $571 $—
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 37,108 57,157
MFS Research Fund — —
MFS Research International Fund — —
MFS Total Return Bond Fund 35,179 —
MFS Value Fund 56,161 —
  $207,155 $57,157
(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
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