0001752724-22-215417.txt : 20220926 0001752724-22-215417.hdr.sgml : 20220926 20220926112320 ACCESSION NUMBER: 0001752724-22-215417 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: 221264555 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 S000002503 MFS Lifetime 2020 Fund C000006811 A MFLAX C000006812 B MFLBX C000006813 C MFLCX C000006814 I MFLIX C000006815 R1 MFLEX C000006817 R2 MFLGX C000006818 R3 MFLHX C000006819 R4 MFLJX C000173226 R6 MFLKX NPORT-P 1 primary_doc.xml NPORT-P false 0001330967 XXXXXXXX S000002503 C000006813 C000173226 C000006815 C000006814 C000006811 C000006817 C000006819 C000006818 C000006812 MFS SERIES TRUST XII 811-21780 0001330967 549300VVIIPRJRW6FR46 111 HUNTINGTON AVENUE BOSTON 02199 617-954-5000 MFS Lifetime 2020 Fund S000002503 1J2D1G40SFZFV2ZKCT25 2023-04-30 2022-07-31 Y 269804393.50 222850.05 269581543.45 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 Government Securities Fund UWWK6TDSOPDQSQMMEB12 MFS Government Securities Fund 552982712 2873777.26900000 NS USD 26726128.60000000 9.913931146015 Long EC RF US N 1 N N N MFS Emerging Markets Debt Fund 509D6AOZZ4SJ08T5BZ82 MFS Emerging Markets Debt Fund 552746364 228563.22800000 NS USD 2678761.03000000 0.993673749218 Long EC RF US N 1 N N N MFS Research International Fund UH91KW1VFNZQF5FY7237 MFS Research International Fund 55273H361 200880.96200000 NS USD 4081901.15000000 1.514161948092 Long EC RF US N 1 N N N MFS Blended Research Core Equity Fund SQK3NYUBFBKJ3GF1IO09 MFS Blended Research Core Equity Fund 55273W483 184537.93200000 NS USD 5497384.99000000 2.039228991586 Long EC RF US N 1 N N N MFS Growth Fund K4ZYIH3WSXKUSPKIPM59 MFS Growth Fund 552985673 36330.01400000 NS USD 5564304.94000000 2.064052630899 Long EC RF US N 1 N N N MFS New Discovery Value Fund LRMRW30Z8FYTIFW1W860 MFS New Discovery Value Fund 552982696 72030.61500000 NS USD 1316719.64000000 0.488430930081 Long EC RF US N 1 N N N MFS Blended Research Value Equity Fund 549300QL66OEPI6JSE90 MFS Blended Research Value Equity Fund 552746133 374381.62700000 NS USD 5436021.22000000 2.016466390996 Long EC RF US N 1 N N N MFS High Income Fund DMVGFZCV67YA34LSI126 MFS High Income Fund 552984684 1776343.08300000 NS USD 5400082.97000000 2.003135266936 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 189891.56600000 NS USD 2740135.30000000 1.016440244733 Long EC RF US N 1 N N N MFS International Intrinsic Value Fund 7540QFSKYNTDFH7HAK24 MFS International Intrinsic Value Fund 552746349 32394.30800000 NS USD 1381617.24000000 0.512504388215 Long EC RF US N 1 N N N MFS Mid Cap Growth Fund XPX0WXKIO6CLKBLYF666 MFS Mid Cap Growth Fund 552987554 160452.03700000 NS USD 4166939.40000000 1.545706485196 Long EC RF US N 1 N N N MFS Global Real Estate Fund ROYDM6SL56ZXYAENS860 MFS Global Real Estate Fund 552982720 291245.77500000 NS USD 5507457.61000000 2.042965382391 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 676313.62200000 NS USD 8230736.78000000 3.053152925332 Long EC RF US N 1 N N N MFS New Discovery Fund ZVEMRLDGMDO1D1VDSU87 MFS New Discovery Fund 55273H346 50325.31300000 NS USD 1372874.54000000 0.509261324952 Long EC RF US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio 55291X109 171272.78200000 NS USD 171272.78000000 0.063532828623 Long STIV RF US N 1 N N N MFS Blended Research Growth Equity Fund 549300M0GLI3GVVPMM34 MFS Blended Research Growth Equity Fund 552743783 339888.26900000 NS USD 5563970.96000000 2.063928742596 Long EC RF US N 1 N N N MFS Research Fund XFPOOG2XVG5TW1LZ8588 MFS Research Fund 552981391 104575.33400000 NS USD 5517394.62000000 2.046651469307 Long EC RF US N 1 N N N MFS Research Bond Fund FJAEEQMSDDUK9QL2E558 MFS Research Bond Fund 55274K603 5368163.67600000 NS USD 53520591.85000000 19.85321070762 Long EC RF US N 1 N N N MFS Global Opportunistic Bond Fund XE280U8NKIY4V6K1JN70 MFS Global Opportunistic Bond Fund 552743882 2309113.06700000 NS USD 18726906.97000000 6.946657671864 Long EC RF US N 1 N N N MFS Value Fund HV6C0RMURVKFUQ3UTB42 MFS Value Fund 55273H353 109577.94100000 NS USD 5449311.01000000 2.021396175814 Long EC RF US N 1 N N N MFS Inflation Adjusted Bond Fund VOHO802M9IKG3IZTEN75 MFS Inflation Adjusted Bond Fund 55274K884 2582424.12800000 NS USD 27037980.62000000 10.02961117960 Long EC RF US N 1 N N N MFS Commodity Strategy Fund T0OEQ8I3F6DXUJCOV412 MFS Commodity Strategy Fund 55276T826 983671.14400000 NS USD 5233130.49000000 1.941205033189 Long EC RF US N 1 N N N MFS Blended Research International Equity Fund 5493006W0U1M8BQLTQ30 MFS Blended Research International Equity Fund 552987448 604563.81500000 NS USD 6740886.54000000 2.500500017075 Long EC RF US N 1 N N N MFS Ltd Maturity Fund 7ER38PJ2TK60L3Y32478 MFS Ltd Maturity Fund 55274K801 9199994.37400000 NS USD 52991967.59000000 19.65712003567 Long EC RF US N 1 N N N MFS Mid Cap Value Fund BXHSCSBXYY1DOHP6E209 MFS Mid Cap Value Fund 55273W475 136921.66500000 NS USD 4100803.87000000 1.521173822777 Long EC RF US N 1 N N N MFS Emerging Markets Debt Local Currency Fund 5493001KPK8UJ27DMD68 MFS Emerging Markets Debt Local Currency Fund 552746323 508346.15300000 NS USD 2648483.46000000 0.982442427662 Long EC RF US N 1 N N N MFS International Growth Fund PTNAY8DC4VJYOKVJ5B83 MFS International Growth Fund 552746356 36777.91900000 NS USD 1364093.02000000 0.506003861593 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_522J_63235123_0722.htm
Quarterly Report
July 31, 2022
MFS®  Lifetime®  2020 Fund
ML2-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 – 70.5%
MFS Emerging Markets Debt Fund - Class R6     229,577 $2,690,646
MFS Emerging Markets Debt Local Currency Fund - Class R6     511,071 2,662,680
MFS Global Opportunistic Bond Fund - Class R6     2,313,292 18,760,801
MFS Government Securities Fund - Class R6     2,879,056 26,775,220
MFS High Income Fund - Class R6     1,783,063 5,420,512
MFS Inflation-Adjusted Bond Fund - Class R6     2,581,755 27,030,974
MFS Limited Maturity Fund - Class R6     9,222,935 53,124,103
MFS Total Return Bond Fund - Class R6     5,381,998 53,658,518
        $190,123,454
International Stock Funds – 5.0%
MFS Blended Research International Equity Fund - Class R6     604,513 $6,740,317
MFS International Growth Fund - Class R6     36,747 1,362,968
MFS International Intrinsic Value Fund - Class R6     32,342 1,379,379
MFS Research International Fund - Class R6     200,747 4,079,186
        $13,561,850
Specialty Funds – 4.0%
MFS Commodity Strategy Fund - Class R6     985,291 $5,241,744
MFS Global Real Estate Fund - Class R6     290,836 5,499,712
        $10,741,456
U.S. Stock Funds – 20.4%
MFS Blended Research Core Equity Fund - Class R6     184,299 $5,490,281
MFS Blended Research Growth Equity Fund - Class R6     339,196 5,552,636
MFS Blended Research Mid Cap Equity Fund - Class R6     675,518 8,221,054
MFS Blended Research Small Cap Equity Fund - Class R6     189,683 2,737,126
MFS Blended Research Value Equity Fund - Class R6     374,161 5,432,814
MFS Growth Fund - Class R6     36,256 5,552,949
MFS Mid Cap Growth Fund - Class R6     160,139 4,158,822
MFS Mid Cap Value Fund - Class R6     136,791 4,096,887
MFS New Discovery Fund - Class R6     50,264 1,371,192
MFS New Discovery Value Fund - Class R6     74,647 1,364,546
MFS Research Fund - Class R6     104,417 5,509,019
MFS Value Fund - Class R6     109,496 5,445,258
        $54,932,584
Money Market Funds – 0.1%  
MFS Institutional Money Market Portfolio, 1.72% (v)     171,535 $171,535
Total Investment Companies $269,530,879
 
Other Assets, Less Liabilities – 0.0%   36,454
Net Assets – 100.0% $269,567,333
(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 $269,530,879.      
(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 $269,530,879 $— $— $269,530,879
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 $5,528,518 $114,967 $190,447 $(17,378) $54,621 $5,490,281
MFS Blended Research Growth Equity Fund 5,430,927 227,652 167,453 (33,095) 94,605 5,552,636
MFS Blended Research International Equity Fund 7,014,284 182,078 204,561 5,754 (257,238) 6,740,317
MFS Blended Research Mid Cap Equity Fund 8,309,693 195,392 302,842 (20,254) 39,065 8,221,054
MFS Blended Research Small Cap Equity Fund 2,726,517 86,186 92,716 (8,378) 25,517 2,737,126
MFS Blended Research Value Equity Fund 5,575,003 79,134 238,252 29,662 (12,733) 5,432,814
MFS Commodity Strategy Fund 5,777,974 254,112 525,013 84,521 (349,850) 5,241,744
MFS Emerging Markets Debt Fund 2,832,906 98,743 79,943 (6,618) (154,442) 2,690,646
MFS Emerging Markets Debt Local Currency Fund 2,794,473 113,445 119,196 (24,596) (101,446) 2,662,680
MFS Global Opportunistic Bond Fund 19,934,430 369,225 1,278,722 (229,131) (35,001) 18,760,801
MFS Global Real Estate Fund 5,557,150 355,855 95,780 (5,178) (312,335) 5,499,712
MFS Government Securities Fund 28,393,657 527,599 2,313,481 (229,029) 396,474 26,775,220
MFS Growth Fund 5,417,962 233,487 178,189 (20,863) 100,552 5,552,949
MFS High Income Fund 5,698,234 163,858 346,470 (31,849) (63,261) 5,420,512
MFS Inflation-Adjusted Bond Fund 28,463,795 629,977 1,645,459 (38,036) (379,303) 27,030,974
MFS Institutional Money Market Portfolio 246,227 1,913,985 1,988,670 (24) 17 171,535
MFS International Growth Fund 1,405,927 21,352 41,367 (464) (22,480) 1,362,968
MFS International Intrinsic Value Fund 1,401,403 42,655 44,507 (9,073) (11,099) 1,379,379
MFS Limited Maturity Fund 57,329,791 856,884 4,742,391 (221,368) (98,813) 53,124,103
MFS Mid Cap Growth Fund 4,065,327 167,850 166,768 (20,881) 113,294 4,158,822
MFS Mid Cap Value Fund 4,169,908 101,045 189,042 83,934 (68,958) 4,096,887
MFS New Discovery Fund 1,357,947 49,854 36,764 (12,493) 12,648 1,371,192
MFS New Discovery Value Fund 1,386,178 77,807 68,084 6,955 (38,310) 1,364,546
MFS Research Fund 5,507,078 106,028 198,696 (834) 95,443 5,509,019
MFS Research International Fund 4,193,776 69,082 129,499 1,075 (55,248) 4,079,186
MFS Total Return Bond Fund 56,632,506 1,157,607 3,942,070 (377,831) 188,306 53,658,518
MFS Value Fund 5,558,245 104,259 263,140 96,059 (50,165) 5,445,258
  $282,709,836 $8,300,118 $19,589,522 $(999,413) $(890,140) $269,530,879
Affiliated Issuers Dividend
Income 		Capital Gain
Distributions
MFS Blended Research Core 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 Debt Fund 34,877 —
MFS Emerging Markets Debt Local Currency Fund 38,414 —
3
Supplemental Information (unaudited) – continued
Affiliated Issuers − continued Dividend
Income 		Capital Gain
Distributions
MFS Global Opportunistic Bond Fund $95,374 $—
MFS Global Real Estate Fund — —
MFS Government Securities Fund 116,411 —
MFS Growth Fund — —
MFS High Income Fund 69,086 —
MFS Inflation-Adjusted Bond Fund 414,901 —
MFS Institutional Money Market Portfolio 542 —
MFS International Growth Fund — —
MFS International Intrinsic Value Fund — —
MFS Limited Maturity Fund 244,958 —
MFS Mid Cap Growth Fund — —
MFS Mid Cap Value Fund — —
MFS New Discovery Fund — —
MFS New Discovery Value Fund 19,312 29,746
MFS Research Fund — —
MFS Research International Fund — —
MFS Total Return Bond Fund 377,056 —
MFS Value Fund 27,424 —
  $1,438,355 $29,746
(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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