0001752724-24-213116.txt : 20240924 0001752724-24-213116.hdr.sgml : 20240924 20240924090841 ACCESSION NUMBER: 0001752724-24-213116 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20240731 FILED AS OF DATE: 20240924 DATE AS OF CHANGE: 20240924 PERIOD START: 20250430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MFS SERIES TRUST XII CENTRAL INDEX KEY: 0001330967 ORGANIZATION NAME: 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: 241317740 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 S000072833 MFS Lifetime 2065 Fund C000229436 R3 LFTLX C000229437 R2 LFTKX C000229438 R1 LFTJX C000229439 R4 LFTMX C000229440 C LFTGX C000229441 A LFTFX C000229442 R6 LFTNX C000229443 I LFTHX NPORT-P 1 primary_doc.xml NPORT-P false 0001330967 XXXXXXXX S000072833 C000229441 C000229442 C000229443 C000229437 C000229439 C000229438 C000229436 C000229440 MFS SERIES TRUST XII 811-21780 0001330967 549300VVIIPRJRW6FR46 111 HUNTINGTON AVENUE BOSTON 02199 617-954-5000 MFS Lifetime 2065 Fund S000072833 549300X2Q4S3PZNFAE14 2025-04-30 2024-07-31 N 20857290.16 54722.83 20802567.33 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 34911.18000000 NS USD 832631.67000000 4.002542843830 Long EC RF US N 1 N N N MFS Blended Research Core Equity Fund SQK3NYUBFBKJ3GF1IO09 MFS Blended Research Core Equity Fund 55273W483 25162.94000000 NS USD 958456.46000000 4.607395062328 Long EC RF US N 1 N N N MFS Emerging Markets Equity Fund GLINMRWNKCBOHYKQ2131 MFS Emerging Markets Equity Fund 552746331 5912.42000000 NS USD 207762.58000000 0.998735284468 Long EC RF US N 1 N N N MFS Growth Fund K4ZYIH3WSXKUSPKIPM59 MFS Growth Fund 552985673 5049.95000000 NS USD 1068316.92000000 5.135505166515 Long EC RF US N 1 N N N MFS International New Discovery Fund RC53GXLQZ5LVIZBRHR66 MFS International New Discovery Fund 552981383 25015.84000000 NS USD 837029.97000000 4.023685907233 Long EC RF US N 1 N N N MFS New Discovery Value Fund LRMRW30Z8FYTIFW1W860 MFS New Discovery Value Fund 552982696 13355.07000000 NS USD 257619.30000000 1.238401471862 Long EC RF US N 1 N N N MFS Blended Research Value Equity Fund 549300QL66OEPI6JSE90 MFS Blended Research Value Equity Fund 552746133 67035.74000000 NS USD 1135585.35000000 5.458871167129 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 31228.93000000 NS USD 515589.70000000 2.478490716174 Long EC RF US N 1 N N N MFS International Intrinsic Value Fund 7540QFSKYNTDFH7HAK24 MFS International Intrinsic Value Fund 552746349 17321.00000000 NS USD 730253.44000000 3.510400559775 Long EC RF US N 1 N N N MFS Mid Cap Growth Fund XPX0WXKIO6CLKBLYF666 MFS Mid Cap Growth Fund 552987554 32631.60000000 NS USD 1041926.89000000 5.008645680465 Long EC RF US N 1 N N N MFS Global Real Estate Fund ROYDM6SL56ZXYAENS860 MFS Global Real Estate Fund 552982720 60109.22000000 NS USD 1032075.29000000 4.961288064245 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 136886.94000000 NS USD 2066992.72000000 9.936238576760 Long EC RF US N 1 N N N MFS New Discovery Fund ZVEMRLDGMDO1D1VDSU87 MFS New Discovery Fund 55273H346 8215.28000000 NS USD 258041.98000000 1.240433336455 Long EC RF US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio 55291X109 471849.90000000 NS USD 471897.08000000 2.268455967545 Long STIV RF US N 1 N N N MFS Blended Research Growth Equity Fund 549300M0GLI3GVVPMM34 MFS Blended Research Growth Equity Fund 552743783 45164.91000000 NS USD 1069505.05000000 5.141216625015 Long EC RF US N 1 N N N MFS Research Fund XFPOOG2XVG5TW1LZ8588 MFS Research Fund 552981391 15933.50000000 NS USD 959356.28000000 4.611720586124 Long EC RF US N 1 N N N MFS Research Bond Fund FJAEEQMSDDUK9QL2E558 MFS Research Bond Fund 55274K603 38850.38000000 NS USD 371021.11000000 1.783535195989 Long EC RF US N 1 N N N MFS Value Fund HV6C0RMURVKFUQ3UTB42 MFS Value Fund 55273H353 21695.98000000 NS USD 1138821.99000000 5.474430015941 Long EC RF US N 1 N N N MFS Inflation Adjusted Bond Fund VOHO802M9IKG3IZTEN75 MFS Inflation Adjusted Bond Fund 55274K884 54018.75000000 NS USD 495351.94000000 2.381205800909 Long EC RF US N 1 N N N MFS Commodity Strategy Fund T0OEQ8I3F6DXUJCOV412 MFS Commodity Strategy Fund 55276T826 293803.24000000 NS USD 1031249.37000000 4.957317785063 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 14729.97000000 NS USD 207397.91000000 0.996982279686 Long EC RF US N 1 N N N MFS Blended Research International Equity Fund 254900SJDP6D81SAVM86 MFS Blended Research International Equity Fund 552987448 167244.39000000 NS USD 2289575.67000000 11.00621684660 Long EC RF US N 1 N N N MFS Mid Cap Value Fund BXHSCSBXYY1DOHP6E209 MFS Mid Cap Value Fund 55273W475 29705.32000000 NS USD 1033151.06000000 4.966459397105 Long EC RF US N 1 N N N MFS International Growth Fund PTNAY8DC4VJYOKVJ5B83 MFS International Growth Fund 552746356 16606.18000000 NS USD 728679.05000000 3.502832311227 Long EC RF US N 1 N N N 2024-08-28 MFS SERIES TRUST XII James Byrne James Byrne Assistant Treasurer XXXX GRAPHIC 2 imgfb92f7592.gif begin 644 imgfb92f7592.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 NPORT-EX 3 NPORT_52BZ_98826400_0724.htm
Quarterly Report
July 31, 2024
MFS®  Lifetime®  2065 Fund
L65-Q1
Portfolio of Investments
7/31/24 (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) – 99.7%
Bond Funds – 4.2%
MFS Inflation-Adjusted Bond Fund - Class R6     54,078 $495,892
MFS Total Return Bond Fund - Class R6     39,021 372,654
        $868,546
International Stock Funds – 28.0%
MFS Blended Research Emerging Markets Equity Fund - Class R6     14,732 $207,428
MFS Blended Research International Equity Fund - Class R6     167,244 2,289,576
MFS Emerging Markets Equity Fund - Class R6     5,913 207,763
MFS International Growth Fund - Class R6     16,606 728,679
MFS International Intrinsic Value Fund - Class R6     17,321 730,253
MFS International New Discovery Fund - Class R6     25,016 837,030
MFS Research International Fund - Class R6     34,911 832,632
        $5,833,361
Non-Traditional Funds – 9.9%
MFS Commodity Strategy Fund - Class R6     294,165 $1,032,518
MFS Global Real Estate Fund - Class R6     60,174 1,033,183
        $2,065,701
U.S. Stock Funds – 55.3%
MFS Blended Research Core Equity Fund - Class R6     25,171 $958,745
MFS Blended Research Growth Equity Fund - Class R6     45,165 1,069,505
MFS Blended Research Mid Cap Equity Fund - Class R6     136,997 2,068,656
MFS Blended Research Small Cap Equity Fund - Class R6     31,268 516,231
MFS Blended Research Value Equity Fund - Class R6     67,104 1,136,745
MFS Growth Fund - Class R6     5,062 1,070,940
MFS Mid Cap Growth Fund - Class R6 (a)     32,632 1,041,927
MFS Mid Cap Value Fund - Class R6     29,731 1,034,050
MFS New Discovery Fund - Class R6 (a)     8,224 258,314
MFS New Discovery Value Fund - Class R6     13,440 259,264
MFS Research Fund - Class R6     15,935 959,470
MFS Value Fund - Class R6     21,706 1,139,352
        $11,513,199
Money Market Funds – 2.3%  
MFS Institutional Money Market Portfolio, 5.39% (v)     474,099 $474,147
Total Investment Companies $20,754,954
 
Other Assets, Less Liabilities – 0.3%   56,535
Net Assets – 100.0% $20,811,489
(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 $20,754,954.      
(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
7/31/24 (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. 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 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 July 31, 2024 in valuing the fund's assets and liabilities:
Financial Instruments Level 1 Level 2 Level 3 Total
Mutual Funds $20,754,954 $— $— $20,754,954
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 $843,043 $146,971 $121,649 $2,669 $87,711 $958,745
MFS Blended Research Emerging Markets Equity Fund 184,410 34,372 24,994 805 12,835 207,428
MFS Blended Research Growth Equity Fund 934,078 170,020 149,390 7,163 107,634 1,069,505
MFS Blended Research International Equity Fund 2,007,781 409,364 304,062 7,879 168,614 2,289,576
MFS Blended Research Mid Cap Equity Fund 1,822,350 400,410 310,338 6,783 149,451 2,068,656
MFS Blended Research Small Cap Equity Fund 455,586 107,649 104,005 3,054 53,947 516,231
MFS Blended Research Value Equity Fund 1,003,057 223,471 156,679 2,587 64,309 1,136,745
MFS Commodity Strategy Fund 911,087 266,087 117,588 (1,539) (25,529) 1,032,518
MFS Emerging Markets Equity Fund 184,252 35,085 25,023 893 12,556 207,763
MFS Global Real Estate Fund 912,373 198,568 178,381 1,944 98,679 1,033,183
MFS Growth Fund 933,984 190,576 151,062 4,532 92,910 1,070,940
MFS Inflation-Adjusted Bond Fund 439,719 111,107 67,318 (2,920) 15,304 495,892
MFS Institutional Money Market Portfolio 425,051 359,491 310,447 (2) 54 474,147
MFS International Growth Fund 638,532 130,630 93,502 2,058 50,961 728,679
MFS International Intrinsic Value Fund 638,262 144,483 104,411 1,938 49,981 730,253
MFS International New Discovery Fund 732,703 163,256 111,527 2,009 50,589 837,030
MFS Mid Cap Growth Fund 911,144 213,713 132,565 75 49,560 1,041,927
MFS Mid Cap Value Fund 912,491 208,066 170,380 3,882 79,991 1,034,050
MFS New Discovery Fund 227,781 51,475 40,304 854 18,508 258,314
MFS New Discovery Value Fund 227,871 57,534 51,276 1,839 23,296 259,264
MFS Research Fund 843,017 162,684 116,970 1,847 68,892 959,470
MFS Research International Fund 730,238 163,058 113,528 1,994 50,870 832,632
MFS Total Return Bond Fund 331,066 76,664 49,286 (122) 14,332 372,654
MFS Value Fund 1,003,602 236,583 173,825 2,573 70,419 1,139,352
  $18,253,478 $4,261,317 $3,178,510 $52,795 $1,365,874 $20,754,954
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 1,657 966
MFS Inflation-Adjusted Bond Fund 8,473 —
3
Supplemental Information (unaudited) – continued
Affiliated Issuers − continued Dividend
Income 		Capital Gain
Distributions
MFS Institutional Money Market Portfolio $6,428 $—
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 1,136 466
MFS Research Fund — —
MFS Research International Fund — —
MFS Total Return Bond Fund 3,996 —
MFS Value Fund 5,831 —
  $27,521 $1,432
4
 GRAPHIC 4 imgf26754ab1.gif begin 644 imgf26754ab1.gif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