MCVIX Fees and Costs — MFS Mid Cap Value Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.72%: a 0.60% management fee plus 0.13% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.0118% of average net assets, and portfolio turnover was 24%.
MCVIX Fees and Expenses
Annual operating expenses and sales charges of MCVIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.72% |
| 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 |
MCVIX Costs Over Time
On $10,000 invested in MCVIX, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,303 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
MCVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0118%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $114.5M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $16.6M
- Net income from securities lending: $281K (0.002% of average net assets)
MCVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $377K | 20.24% |
| Goldman Sachs & Co. LLC | $320K | 17.19% |
| Jefferies LLC | $319K | 17.10% |
| BofA Securities, Inc. | $264K | 14.18% |
| Morgan Stanley & Co. LLC | $247K | 13.24% |
| TD Securities (USA) LLC | $86K | 4.60% |
| JonesTrading Institutional Services LLC | $80K | 4.30% |
| BMO Capital Markets Corp. | $72K | 3.85% |
| Wells Fargo Securities, LLC | $50K | 2.66% |
| UBS Securities LLC | $49K | 2.63% |
MCVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $107.6M | 93.94% |
| Morgan Stanley & Co. LLC | $6.9M | 6.06% |
MFS Mid Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MVCKX | Class R6 | 0.61% | none |
| MCVIX | Class I | 0.72% | none |
| MVCJX | Class R4 | 0.72% | none |
| MVCAX | Class A | 0.97% | 5.75% |
| MVCHX | Class R3 | 0.97% | none |
| MCVRX | Class R2 | 1.22% | none |
| MCBVX | Class B | 1.72% | none |
| MVCCX | Class C | 1.72% | none |
| MVCGX | Class R1 | 1.72% | 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.