DVRKX Fees and Costs — MFS Global Alternative Strategy Fund, Class R4
Data updated: 2026-09-28
The net expense ratio is 1.05%: a 0.80% management fee plus 0.46% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $110K in broker commissions, 0.0680% of average net assets, and portfolio turnover was 47%.
DVRKX Fees and Expenses
Annual operating expenses and sales charges of DVRKX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DVRKX Costs Over Time
On $10,000 invested in DVRKX, assuming 5% a year before costs, total costs come to $698 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $7 | $22 | $39 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $698 |
| Value after costs | $10,383 | $11,192 | $12,065 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
DVRKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0680%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): $35.4M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $696K
- Net income from securities lending: $3K (0.002% of average net assets)
DVRKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $73K | 70.04% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $17K | 16.73% |
| Jefferies LLC | $2K | 2.39% |
| National Financial Services LLC | $2K | 2.26% |
| Morgan Stanley & Co. LLC | $2K | 1.91% |
| J.P. Morgan Securities LLC | $2K | 1.91% |
| Fidelity Brokerage Services LLC | $2K | 1.73% |
| UBS Securities LLC | $1K | 1.39% |
| Optiver V.O.F. | $900 | 0.86% |
| JonesTrading Institutional Services LLC | $830 | 0.79% |
DVRKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.0M | 15.79% |
| Morgan Stanley & Co. LLC | $3.6M | 14.42% |
| BofA Securities, Inc. | $3.4M | 13.56% |
| Jane Street Execution Services, LLC | $2.9M | 11.66% |
| Goldman Sachs & Co. LLC | $2.7M | 10.68% |
| Citigroup Global Markets Inc. | $2.1M | 8.25% |
| Wells Fargo Securities, LLC | $1.7M | 6.84% |
| Deutsche Bank Securities Inc. | $1.7M | 6.69% |
| Barclays Capital, Inc. | $1.7M | 6.60% |
| MarketAxess Corporation | $1.4M | 5.50% |
MFS Global Alternative Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DVRLX | Class R6 | 0.97% | none |
| DVRIX | Class I | 1.05% | none |
| DVRKX | Class R4 | 1.05% | none |
| DVRAX | Class A | 1.30% | 5.75% |
| DVRJX | Class R3 | 1.30% | none |
| DVRHX | Class R2 | 1.55% | none |
| DVRBX | Class B | 2.05% | none |
| DVRCX | Class C | 2.05% | none |
| DVRFX | Class R1 | 2.05% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.