# MFS Moderate Allocation Fund (MAMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mamax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: MFS · Asset class: Equity - Strategy: Actively Managed · Inception: 2002-07-01 The fund's primary objective is to achieve broad diversification across various asset categories. It accomplishes this by directing its investments into a portfolio of other mutual funds, all managed by the same advisor, referred to as underlying funds. Within the equity allocations, the advisor strategically diversifies by geography, incorporating both domestic and international underlying funds. It further diversifies by company size, spanning large, mid, and small market capitalizations through its underlying fund selections, and by investment approach, integrating both growth and value-... ## Key Facts | Metric | Value | |---|---| | Price | $20.64 | | Expense Ratio | 0.89% | | AUM (All Share Classes) | $6.13B | | NAV | $20.64 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 7.60% | | Annual Distribution (TTM) | $1.57 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $19.34 – $21.34 | | Beta | 0.89 | ## Latest Distribution - Amount: $0.0975 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does MAMAX invest in? The fund's primary objective is to achieve broad diversification across various asset categories. It accomplishes this by directing its investments into a portfolio of other mutual funds, all managed by the same advisor, referred to as underlying funds. Within the equity allocations, the advisor strategically diversifies by geography, incorporating both domestic and international underlying funds. It further diversifies by company size, spanning large, mid, and small market capitalizations through its underlying fund selections, and by investment approach, integrating both growth and value-oriented underlying funds. ### What is the expense ratio of MAMAX? MFS Moderate Allocation Fund (MAMAX) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MAMAX? MFS Moderate Allocation Fund (MAMAX) is one share class of a fund that manages $6.13B across all of its share classes (MMACX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MAMAX actively managed or an index fund? MAMAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MAMAX's is 0.89%) in exchange for the discretion to over- or under-weight positions. ### When was MAMAX launched? MFS Moderate Allocation Fund (MAMAX) launched in July 2002 and is managed by MFS. ### How has MAMAX performed? MAMAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MAMAX pay a dividend? MFS Moderate Allocation Fund (MAMAX) currently distributes little or no income. Trailing-twelve-month yield is 7.60%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MAMAX pay dividends? MFS Moderate Allocation Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MAMAX's dividend yield? MAMAX's trailing-twelve-month yield is 7.60%, calculated from the sum of dividends over the past year divided by the current price. ### When is MAMAX's next ex-dividend date? The most recently announced ex-dividend date for MAMAX was 2026-09-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will MAMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.89% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MAMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MAMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MAMAX cost more than a fund like VOO? MAMAX is actively managed (current expense ratio 0.89%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MAMAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MAMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MAMAX (0.89%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mamax - Distribution history: https://www.dividenddata.com/funds/mamax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mamax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mamax/expenses - Peer comparison: https://www.dividenddata.com/funds/mamax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.