0001752724-23-066023.txt : 20230327 0001752724-23-066023.hdr.sgml : 20230327 20230327084122 ACCESSION NUMBER: 0001752724-23-066023 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230327 DATE AS OF CHANGE: 20230327 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: 23761538 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 2023-01-31 N 375278599.58 262311.26 375016288.32 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 697740.60000000 NS USD 14854897.37000000 3.961133911422 Long EC RF US N 1 N N N MFS Blended Research Core Equity Fund SQK3NYUBFBKJ3GF1IO09 MFS Blended Research Core Equity Fund 55273W483 681299.00700000 NS USD 18749348.67000000 4.999609151376 Long EC RF US N 1 N N N MFS Emerging Markets Equity Fund GLINMRWNKCBOHYKQ2131 MFS Emerging Markets Equity Fund 552746331 115215.04700000 NS USD 3750249.78000000 1.000023171473 Long EC RF US N 1 N N N MFS Growth Fund K4ZYIH3WSXKUSPKIPM59 MFS Growth Fund 552985673 143699.74600000 NS USD 20681267.44000000 5.514765113976 Long EC RF US N 1 N N N MFS International New Discovery Fund RC53GXLQZ5LVIZBRHR66 MFS International New Discovery Fund 552981383 478266.15200000 NS USD 14950599.91000000 3.986653480299 Long EC RF US N 1 N N N MFS New Discovery Value Fund LRMRW30Z8FYTIFW1W860 MFS New Discovery Value Fund 552982696 255082.68700000 NS USD 4731783.84000000 1.261754219049 Long EC RF US N 1 N N N MFS Blended Research Value Equity Fund 549300QL66OEPI6JSE90 MFS Blended Research Value Equity Fund 552746133 1439201.01700000 NS USD 20580574.54000000 5.487914840231 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 670037.84000000 NS USD 9481035.44000000 2.528166305115 Long EC RF US N 1 N N N MFS International Intrinsic Value Fund 7540QFSKYNTDFH7HAK24 MFS International Intrinsic Value Fund 552746349 336917.50700000 NS USD 13035338.35000000 3.475939247437 Long EC RF US N 1 N N N MFS Mid Cap Growth Fund XPX0WXKIO6CLKBLYF666 MFS Mid Cap Growth Fund 552987554 725066.39500000 NS USD 18692211.66000000 4.984373277154 Long EC RF US N 1 N N N MFS Global Real Estate Fund ROYDM6SL56ZXYAENS860 MFS Global Real Estate Fund 552982720 1108627.86300000 NS USD 18857759.95000000 5.028517570391 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 3103013.93000000 NS USD 37794709.67000000 10.07815149558 Long EC RF US N 1 N N N MFS New Discovery Fund ZVEMRLDGMDO1D1VDSU87 MFS New Discovery Fund 55273H346 168269.69500000 NS USD 4758666.97000000 1.268922742347 Long EC RF US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio 55291X109 345593.39300000 NS USD 345627.95000000 0.092163450165 Long STIV RF US N 1 N N N MFS Blended Research Growth Equity Fund 549300M0GLI3GVVPMM34 MFS Blended Research Growth Equity Fund 552743783 1389330.03600000 NS USD 20881630.44000000 5.568192926644 Long EC RF US N 1 N N N MFS Research Fund XFPOOG2XVG5TW1LZ8588 MFS Research Fund 552981391 381251.42700000 NS USD 18700382.49000000 4.986552070517 Long EC RF US N 1 N N N MFS Research Bond Fund FJAEEQMSDDUK9QL2E558 MFS Research Bond Fund 55274K603 959259.97800000 NS USD 9237673.59000000 2.463272630472 Long EC RF US N 1 N N N MFS Value Fund HV6C0RMURVKFUQ3UTB42 MFS Value Fund 55273H353 418054.08200000 NS USD 20421941.91000000 5.445614642896 Long EC RF US N 1 N N N MFS Inflation Adjusted Bond Fund VOHO802M9IKG3IZTEN75 MFS Inflation Adjusted Bond Fund 55274K884 973579.13900000 NS USD 9190587.07000000 2.450716770509 Long EC RF US N 1 N N N MFS Commodity Strategy Fund T0OEQ8I3F6DXUJCOV412 MFS Commodity Strategy Fund 55276T826 4893431.94400000 NS USD 18595041.39000000 4.958462330610 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 293439.38500000 NS USD 3738417.76000000 0.996868103182 Long EC RF US N 1 N N N MFS Blended Research International Equity Fund 5493006W0U1M8BQLTQ30 MFS Blended Research International Equity Fund 552987448 3457919.18300000 NS USD 41183817.47000000 10.98187432191 Long EC RF US N 1 N N N MFS Mid Cap Value Fund BXHSCSBXYY1DOHP6E209 MFS Mid Cap Value Fund 55273W475 621740.96900000 NS USD 18782794.67000000 5.008527697328 Long EC RF US N 1 N N N MFS International Growth Fund PTNAY8DC4VJYOKVJ5B83 MFS International Growth Fund 552746356 334518.10900000 NS USD 13022789.98000000 3.472593160776 Long EC RF US N 1 N N N 2023-02-22 MFS SERIES TRUST XII Kasey Phillips Kasey Phillips Assistant Treasurer XXXX NPORT-EX 2 NPORT_523R_55949604_0123.htm
Quarterly Report
January 31, 2023
MFS®  Lifetime®  2050 Fund
ML5-Q3
Portfolio of Investments
1/31/23 (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     980,722 $9,258,016
MFS Total Return Bond Fund - Class R6     966,507 9,307,462
        $18,565,478
International Stock Funds – 27.9%
MFS Blended Research Emerging Markets Equity Fund - Class R6     293,799 $3,743,004
MFS Blended Research International Equity Fund - Class R6     3,460,305 41,212,231
MFS Emerging Markets Equity Fund - Class R6     115,220 3,750,420
MFS International Growth Fund - Class R6     335,501 13,061,044
MFS International Intrinsic Value Fund - Class R6     337,790 13,069,078
MFS International New Discovery Fund - Class R6     478,888 14,970,047
MFS Research International Fund - Class R6     700,273 14,908,806
        $104,714,630
Specialty Funds – 10.0%
MFS Commodity Strategy Fund - Class R6     4,908,660 $18,652,909
MFS Global Real Estate Fund - Class R6     1,108,162 18,849,829
        $37,502,738
U.S. Stock Funds – 57.1%
MFS Blended Research Core Equity Fund - Class R6     681,357 $18,750,956
MFS Blended Research Growth Equity Fund - Class R6     1,388,172 20,864,221
MFS Blended Research Mid Cap Equity Fund - Class R6     3,101,303 37,773,866
MFS Blended Research Small Cap Equity Fund - Class R6     669,526 9,473,789
MFS Blended Research Value Equity Fund - Class R6     1,440,480 20,598,861
MFS Growth Fund - Class R6     143,666 20,676,459
MFS Mid Cap Growth Fund - Class R6 (a)     725,954 18,715,100
MFS Mid Cap Value Fund - Class R6     621,634 18,779,578
MFS New Discovery Fund - Class R6     168,101 4,753,903
MFS New Discovery Value Fund - Class R6     254,917 4,728,710
MFS Research Fund - Class R6     381,658 18,720,335
MFS Value Fund - Class R6     419,598 20,497,345
        $214,333,123
Money Market Funds – 0.1%  
MFS Institutional Money Market Portfolio, 4.29% (v)     346,752 $346,786
Total Investment Companies $375,462,755
 
Other Assets, Less Liabilities – (0.0)%   (34,146)
Net Assets – 100.0% $375,428,609
(a) Non-income producing security.      
(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 $375,462,755.      
(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
1/31/23 (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.
Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments to MFS as the fund's adviser, pursuant to the fund’s valuation policy and procedures which have been adopted by the adviser and approved by the Board. Effective September 8, 2022, and in accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the “valuation designee” of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser’s fair valuation policy and procedures.
Under the fund's valuation policy and procedures, 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. 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.
Under the fund’s valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser’s fair valuation policy and procedures. 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, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the 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 significant 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 January 31, 2023 in valuing the fund's assets and liabilities:
Financial Instruments Level 1 Level 2 Level 3 Total
Mutual Funds $375,462,755 $— $— $375,462,755
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 $6,194,577 $2,748,255 $(697,667) $(669,527) $18,750,956
MFS Blended Research Emerging Markets Equity Fund 3,411,427 1,465,669 1,147,872 (167,400) 181,180 3,743,004
MFS Blended Research Growth Equity Fund 18,072,086 7,278,955 3,139,032 (1,023,392) (324,396) 20,864,221
MFS Blended Research International Equity Fund 37,240,734 11,444,806 9,015,495 (783,758) 2,325,944 41,212,231
MFS Blended Research Mid Cap Equity Fund 33,516,363 9,716,572 5,429,633 (847,090) 817,654 37,773,866
MFS Blended Research Small Cap Equity Fund 8,253,490 2,656,717 1,300,487 (237,537) 101,606 9,473,789
MFS Blended Research Value Equity Fund 18,567,362 5,775,777 3,371,428 (278,571) (94,279) 20,598,861
MFS Commodity Strategy Fund 19,384,284 11,824,338 6,061,108 (741,172) (5,753,433) 18,652,909
MFS Emerging Markets Equity Fund 3,412,530 1,393,889 1,260,657 (251,509) 456,167 3,750,420
MFS Global Real Estate Fund 17,041,408 7,270,759 2,765,654 (618,067) (2,078,617) 18,849,829
MFS Growth Fund 18,058,648 6,635,013 3,262,756 (723,944) (30,502) 20,676,459
MFS Inflation-Adjusted Bond Fund 8,676,178 3,786,018 2,166,873 (363,722) (673,585) 9,258,016
MFS Institutional Money Market Portfolio 342,745 24,542,566 24,538,454 (98) 27 346,786
MFS International Growth Fund 11,867,190 3,537,642 2,858,719 (319,184) 834,115 13,061,044
MFS International Intrinsic Value Fund 11,807,261 5,296,741 2,764,953 (907,565) (362,406) 13,069,078
MFS International New Discovery Fund 13,545,971 4,721,342 3,130,457 (738,810) 572,001 14,970,047
MFS Mid Cap Growth Fund 16,459,315 4,896,001 3,082,008 (556,809) 998,601 18,715,100
MFS Mid Cap Value Fund 16,786,442 4,895,196 3,100,007 (176,033) 373,980 18,779,578
MFS New Discovery Fund 4,118,791 1,207,895 764,823 (379,130) 571,170 4,753,903
MFS New Discovery Value Fund 4,174,567 1,283,164 686,579 (92,278) 49,836 4,728,710
MFS Research Fund 16,621,965 5,977,420 2,861,351 (569,759) (447,940) 18,720,335
MFS Research International Fund 13,492,158 3,948,787 3,173,972 (274,608) 916,441 14,908,806
MFS Total Return Bond Fund 8,580,801 3,401,298 2,376,805 (462,347) 164,515 9,307,462
MFS Value Fund 18,463,133 5,856,605 3,602,527 (155,117) (64,749) 20,497,345
  $338,566,677 $145,007,747 $94,609,905 $(11,365,567) $(2,136,197) $375,462,755
Affiliated Issuers Dividend
Income 		Capital Gain
Distributions
MFS Blended Research Core Equity Fund $246,934 $1,376,653
MFS Blended Research Emerging Markets Equity Fund 122,220 —
MFS Blended Research Growth Equity Fund 71,721 428,404
MFS Blended Research International Equity Fund 805,747 338,228
MFS Blended Research Mid Cap Equity Fund 445,882 1,447,136
MFS Blended Research Small Cap Equity Fund — 377,887
MFS Blended Research Value Equity Fund 264,542 1,392,305
MFS Commodity Strategy Fund 4,209,501 —
MFS Emerging Markets Equity Fund 53,721 —
MFS Global Real Estate Fund 127,620 983,451
MFS Growth Fund — 214,632
MFS Inflation-Adjusted Bond Fund 577,922 —
3
Supplemental Information (unaudited) – continued
Affiliated Issuers − continued Dividend
Income 		Capital Gain
Distributions
MFS Institutional Money Market Portfolio $5,979 $—
MFS International Growth Fund 163,583 239,718
MFS International Intrinsic Value Fund 153,649 1,619,168
MFS International New Discovery Fund 137,675 739,473
MFS Mid Cap Growth Fund — —
MFS Mid Cap Value Fund 358,614 636,147
MFS New Discovery Fund 4,264 —
MFS New Discovery Value Fund 123,781 240,178
MFS Research Fund 195,583 1,214,715
MFS Research International Fund 273,461 —
MFS Total Return Bond Fund 240,383 —
MFS Value Fund 317,921 1,129,908
  $8,900,703 $12,378,003
4
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