3 MFS Lifetime Retirement Income Fund (MLLAX) For baby boomers contemplating retirement, Lopez recommends the Massachusetts Financial Services Co.’s MLLAX fund for its growth potential and its security resources. Lopez favors conservative funds when advising individual investors nearing retirement and thinks that 7-year-old MLLAX could be a perfect match. It has an umbrella strategy that spreads risk and shelter investors, putting money in one vehicle that is comprised of 20 stock and domestic and foreign bond funds, of which the top 10 holdings are managed by Massachusetts Financial Services Co. Lopez recommends MLLAX because of its manager, who has been with the fund since inception. He has “a strategy that focuses on asset allocation and not chasing the hot segments. The fund also focuses on providing a steady stream of income, which is a primary goal of retirees.â€
One-year return: 0.63%
Three-year return: 6.21%
Five-year return: 4.81%
Minimum initial investment: $1,000
Fee: 0.97%