MBPAX Fees and Costs — MFS Pennsylvania Municipal Bond Fund, Class B
Data updated: 2026-08-25
The net expense ratio is 1.46%: a 0.45% management fee, a 1.00% 12b-1 fee plus 0.26% other expenses, less a 0.25% fee waiver. This share class carries a deferred sales charge of up to 4.00%. Portfolio turnover was 8%.
MBPAX Fees and Expenses
Annual operating expenses and sales charges of MBPAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.46% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 4.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MBPAX Costs Over Time
On $10,000 invested in MBPAX, assuming 5% a year before costs, total costs come to $905 over 5 years, cutting the return by 1.53% 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 |
| Sales charges | $414 | $0 | $0 |
| Fund expenses (net expense ratio 1.46%) | $153 | $476 | $822 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $567 | $500 | $905 |
| Value after costs | $9,933 | $11,077 | $11,858 |
| Impact on return, per year | 5.67% | 1.53% | 1.53% |
MBPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $50.7M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
MBPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $8.4M | 20.27% |
| Raymond James & Associates, Inc. | $6.2M | 14.88% |
| J.P. Morgan Securities LLC | $5.4M | 12.91% |
| Morgan Stanley & Co. LLC | $4.5M | 10.80% |
| Loop Capital Markets LLC | $4.1M | 9.80% |
| Piper Sandler & Co. | $3.5M | 8.43% |
| BofA Securities, Inc. | $3.5M | 8.39% |
| Keybanc Capital Markets Inc. | $2.0M | 4.85% |
| Stifel, Nicolaus & Company, Incorporated | $2.0M | 4.85% |
| PNC Capital Markets LLC | $2.0M | 4.82% |
MFS Pennsylvania Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MPPAX | Class R6 | 0.54% | none |
| MPALX | Class I | 0.61% | none |
| MFPAX | Class A | 0.71% | 4.25% |
| MBPAX | Class B | 1.46% | 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.