0001752724-23-066026.txt : 20230327 0001752724-23-066026.hdr.sgml : 20230327 20230327084123 ACCESSION NUMBER: 0001752724-23-066026 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: 23761540 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 2023-01-31 N 241334863.55 293511.05 241041352.50 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 447482.63600000 NS USD 9526905.32000000 3.952394566820 Long EC RF US N 1 N N N MFS Blended Research Core Equity Fund SQK3NYUBFBKJ3GF1IO09 MFS Blended Research Core Equity Fund 55273W483 438291.98700000 NS USD 12061795.48000000 5.004035761872 Long EC RF US N 1 N N N MFS Emerging Markets Equity Fund GLINMRWNKCBOHYKQ2131 MFS Emerging Markets Equity Fund 552746331 73877.79900000 NS USD 2404722.36000000 0.997638925876 Long EC RF US N 1 N N N MFS Growth Fund K4ZYIH3WSXKUSPKIPM59 MFS Growth Fund 552985673 92600.72200000 NS USD 13327095.91000000 5.528966615800 Long EC RF US N 1 N N N MFS International New Discovery Fund RC53GXLQZ5LVIZBRHR66 MFS International New Discovery Fund 552981383 306896.06100000 NS USD 9593570.87000000 3.980051875123 Long EC RF US N 1 N N N MFS New Discovery Value Fund LRMRW30Z8FYTIFW1W860 MFS New Discovery Value Fund 552982696 164158.42400000 NS USD 3045138.77000000 1.263326287550 Long EC RF US N 1 N N N MFS Blended Research Value Equity Fund 549300QL66OEPI6JSE90 MFS Blended Research Value Equity Fund 552746133 925784.01700000 NS USD 13238711.44000000 5.492298853575 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 431217.56100000 NS USD 6101728.49000000 2.531403191491 Long EC RF US N 1 N N N MFS International Intrinsic Value Fund 7540QFSKYNTDFH7HAK24 MFS International Intrinsic Value Fund 552746349 216050.58400000 NS USD 8358997.09000000 3.467868481197 Long EC RF US N 1 N N N MFS Mid Cap Growth Fund XPX0WXKIO6CLKBLYF666 MFS Mid Cap Growth Fund 552987554 466285.88000000 NS USD 12020849.99000000 4.987048846732 Long EC RF US N 1 N N N MFS Global Real Estate Fund ROYDM6SL56ZXYAENS860 MFS Global Real Estate Fund 552982720 712756.13900000 NS USD 12123981.92000000 5.029834837157 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 1996083.13200000 NS USD 24312292.55000000 10.08635750581 Long EC RF US N 1 N N N MFS New Discovery Fund ZVEMRLDGMDO1D1VDSU87 MFS New Discovery Fund 55273H346 108178.52300000 NS USD 3059288.63000000 1.269196591485 Long EC RF US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio 55291X109 213704.18200000 NS USD 213725.55000000 0.088667586612 Long STIV RF US N 1 N N N MFS Blended Research Growth Equity Fund 549300M0GLI3GVVPMM34 MFS Blended Research Growth Equity Fund 552743783 895058.97900000 NS USD 13452736.45000000 5.581090676132 Long EC RF US N 1 N N N MFS Research Fund XFPOOG2XVG5TW1LZ8588 MFS Research Fund 552981391 245251.09800000 NS USD 12029566.36000000 4.990664977288 Long EC RF US N 1 N N N MFS Research Bond Fund FJAEEQMSDDUK9QL2E558 MFS Research Bond Fund 55274K603 615859.03100000 NS USD 5930722.47000000 2.460458509914 Long EC RF US N 1 N N N MFS Value Fund HV6C0RMURVKFUQ3UTB42 MFS Value Fund 55273H353 268655.06400000 NS USD 13123799.88000000 5.444625888414 Long EC RF US N 1 N N N MFS Inflation Adjusted Bond Fund VOHO802M9IKG3IZTEN75 MFS Inflation Adjusted Bond Fund 55274K884 625359.34200000 NS USD 5903392.19000000 2.449120090296 Long EC RF US N 1 N N N MFS Commodity Strategy Fund T0OEQ8I3F6DXUJCOV412 MFS Commodity Strategy Fund 55276T826 3138849.63500000 NS USD 11927628.61000000 4.948374412228 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 188088.37100000 NS USD 2396245.85000000 0.994122305217 Long EC RF US N 1 N N N MFS Blended Research International Equity Fund 5493006W0U1M8BQLTQ30 MFS Blended Research International Equity Fund 552987448 2219081.76800000 NS USD 26429263.86000000 10.96461813953 Long EC RF US N 1 N N N MFS Mid Cap Value Fund BXHSCSBXYY1DOHP6E209 MFS Mid Cap Value Fund 55273W475 400034.58700000 NS USD 12085044.87000000 5.013681156638 Long EC RF US N 1 N N N MFS International Growth Fund PTNAY8DC4VJYOKVJ5B83 MFS International Growth Fund 552746356 214438.23400000 NS USD 8348080.45000000 3.463339532165 Long EC RF US N 1 N N N 2023-02-22 MFS SERIES TRUST XII Kasey Phillips Kasey Phillips Assistant Treasurer XXXX GRAPHIC 2 img30fb58ca2.gif begin 644 img30fb58ca2.gif M1TE&.#EA[@(9 / ((M0@ 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Quarterly Report
January 31, 2023
MFS®  Lifetime®  2055 Fund
L55-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     633,911 $5,984,121
MFS Total Return Bond Fund - Class R6     623,381 6,003,157
        $11,987,278
International Stock Funds – 27.9%
MFS Blended Research Emerging Markets Equity Fund - Class R6     189,000 $2,407,865
MFS Blended Research International Equity Fund - Class R6     2,226,303 26,515,267
MFS Emerging Markets Equity Fund - Class R6     74,081 2,411,326
MFS International Growth Fund - Class R6     216,073 8,411,723
MFS International Intrinsic Value Fund - Class R6     217,529 8,416,191
MFS International New Discovery Fund - Class R6     308,220 9,634,966
MFS Research International Fund - Class R6     451,282 9,607,790
        $67,405,128
Specialty Funds – 10.0%
MFS Commodity Strategy Fund - Class R6     3,162,495 $12,017,479
MFS Global Real Estate Fund - Class R6     712,756 12,123,982
        $24,141,461
U.S. Stock Funds – 57.1%
MFS Blended Research Core Equity Fund - Class R6     438,672 $12,072,255
MFS Blended Research Growth Equity Fund - Class R6     895,059 13,452,736
MFS Blended Research Mid Cap Equity Fund - Class R6     1,996,083 24,312,293
MFS Blended Research Small Cap Equity Fund - Class R6     431,218 6,101,728
MFS Blended Research Value Equity Fund - Class R6     927,793 13,267,447
MFS Growth Fund - Class R6     92,601 13,327,096
MFS Mid Cap Growth Fund - Class R6 (a)     467,629 12,055,471
MFS Mid Cap Value Fund - Class R6     400,035 12,085,045
MFS New Discovery Fund - Class R6     108,178 3,059,289
MFS New Discovery Value Fund - Class R6     164,158 3,045,139
MFS Research Fund - Class R6     245,852 12,059,035
MFS Value Fund - Class R6     270,637 13,220,624
        $138,058,158
Money Market Funds – 0.1%  
MFS Institutional Money Market Portfolio, 4.29% (v)     214,469 $214,491
Total Investment Companies $241,806,516
 
Other Assets, Less Liabilities – 0.0%   5,983
Net Assets – 100.0% $241,812,499
(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 $241,806,516.      
(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 $241,806,516 $— $— $241,806,516
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 $3,849,185 $1,084,338 $(307,006) $(453,659) $12,072,255
MFS Blended Research Emerging Markets Equity Fund 2,051,008 811,163 484,818 (117,288) 147,800 2,407,865
MFS Blended Research Growth Equity Fund 10,936,760 4,528,029 1,272,382 (457,293) (282,378) 13,452,736
MFS Blended Research International Equity Fund 22,391,014 6,444,186 3,470,425 (586,664) 1,737,156 26,515,267
MFS Blended Research Mid Cap Equity Fund 20,180,051 6,233,769 2,253,406 (342,847) 494,726 24,312,293
MFS Blended Research Small Cap Equity Fund 4,985,091 1,693,498 537,623 (106,197) 66,959 6,101,728
MFS Blended Research Value Equity Fund 11,162,121 3,554,869 1,289,113 (113,594) (46,836) 13,267,447
MFS Commodity Strategy Fund 11,824,961 6,766,819 2,716,488 (172,957) (3,684,856) 12,017,479
MFS Emerging Markets Equity Fund 2,050,488 773,408 562,860 (166,452) 316,742 2,411,326
MFS Global Real Estate Fund 10,206,748 4,380,707 974,041 (288,221) (1,201,211) 12,123,982
MFS Growth Fund 10,931,160 4,054,503 1,272,348 (395,461) 9,242 13,327,096
MFS Inflation-Adjusted Bond Fund 5,240,023 2,098,354 754,061 (130,514) (469,681) 5,984,121
MFS Institutional Money Market Portfolio 234,418 2,732,022 2,751,863 (104) 18 214,491
MFS International Growth Fund 7,133,979 1,917,380 991,153 (209,796) 561,313 8,411,723
MFS International Intrinsic Value Fund 7,119,649 3,009,640 966,704 (413,866) (332,528) 8,416,191
MFS International New Discovery Fund 8,162,609 2,684,201 1,169,367 (381,884) 339,407 9,634,966
MFS Mid Cap Growth Fund 9,935,823 2,969,457 1,165,398 (312,698) 628,287 12,055,471
MFS Mid Cap Value Fund 10,116,935 2,971,769 1,201,255 (104,528) 302,124 12,085,045
MFS New Discovery Fund 2,488,472 767,339 334,451 (203,750) 341,679 3,059,289
MFS New Discovery Value Fund 2,519,938 794,850 270,911 (47,253) 48,515 3,045,139
MFS Research Fund 10,046,739 3,688,630 1,120,186 (252,222) (303,926) 12,059,035
MFS Research International Fund 8,120,509 2,235,358 1,206,629 (198,245) 656,797 9,607,790
MFS Total Return Bond Fund 5,176,549 1,790,844 807,918 (164,272) 7,954 6,003,157
MFS Value Fund 11,126,903 3,434,178 1,249,912 (100,848) 10,303 13,220,624
  $204,210,021 $74,184,158 $29,907,650 $(5,573,960) $(1,106,053) $241,806,516
Affiliated Issuers Dividend
Income 		Capital Gain
Distributions
MFS Blended Research Core Equity Fund $147,758 $823,745
MFS Blended Research Emerging Markets Equity Fund 77,386 —
MFS Blended Research Growth Equity Fund 19,489 280,067
MFS Blended Research International Equity Fund 501,463 210,498
MFS Blended Research Mid Cap Equity Fund 347,887 781,578
MFS Blended Research Small Cap Equity Fund — 224,876
MFS Blended Research Value Equity Fund 158,080 831,984
MFS Commodity Strategy Fund 2,489,684 —
MFS Emerging Markets Equity Fund 34,311 —
MFS Global Real Estate Fund 76,727 591,262
MFS Growth Fund — 129,117
MFS Inflation-Adjusted Bond Fund 341,831 —
3
Supplemental Information (unaudited) – continued
Affiliated Issuers − continued Dividend
Income 		Capital Gain
Distributions
MFS Institutional Money Market Portfolio $4,154 $—
MFS International Growth Fund 102,203 149,772
MFS International Intrinsic Value Fund 95,755 1,009,073
MFS International New Discovery Fund 85,228 457,770
MFS Mid Cap Growth Fund — —
MFS Mid Cap Value Fund 190,587 405,076
MFS New Discovery Fund — 2,557
MFS New Discovery Value Fund 46,228 168,018
MFS Research Fund 117,271 728,333
MFS Research International Fund 170,673 —
MFS Total Return Bond Fund 144,341 —
MFS Value Fund 181,140 685,556
  $5,332,196 $7,479,282
4