MCSQX Fees and Costs — MFS Commodity Strategy Fund, Class R3
Data updated: 2026-09-24
The net expense ratio is 1.15%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 35%.
MCSQX Fees and Expenses
Annual operating expenses and sales charges of MCSQX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.15% |
| 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 |
MCSQX Costs Over Time
On $10,000 invested in MCSQX, assuming 5% a year before costs, total costs come to $717 over 5 years, cutting the return by 1.21% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $717 |
| Value after costs | $10,379 | $11,181 | $12,045 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
MCSQX 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): 0.0003%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $66.2B
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
MCSQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2K | 100.00% |
MCSQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $16.0B | 24.28% |
| Citigroup Global Markets Inc. | $15.3B | 23.15% |
| J.P. Morgan Securities LLC | $15.3B | 23.12% |
| BofA Securities, Inc. | $14.7B | 22.23% |
| Morgan Stanley & Co. LLC | $2.3B | 3.46% |
| BNY Capital Markets, LLC | $2.0B | 3.03% |
| UBS Securities LLC | $368.4M | 0.56% |
| BMO Capital Markets Corp. | $46.7M | 0.07% |
| Wells Fargo Securities, LLC | $36.2M | 0.05% |
| Citadel Securities LLC | $27.0M | 0.04% |
MFS Commodity 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 |
|---|---|---|---|
| MCSRX | Class R6 | 0.81% | none |
| MCSIX | Class I | 0.90% | none |
| MCSTX | Class R4 | 0.90% | none |
| MCSAX | Class A | 1.15% | 5.75% |
| MCSQX | Class R3 | 1.15% | none |
| MCSOX | Class R2 | 1.40% | none |
| MCSFX | Class B | 1.90% | none |
| MCSHX | Class C | 1.90% | none |
| MCSNX | Class R1 | 1.90% | 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.