MEIAX Fees and Costs — MFS Value Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 0.79%: a 0.44% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $2.2M in broker commissions, 0.0037% of average net assets, and portfolio turnover was 10%.
MEIAX Fees and Expenses
Annual operating expenses and sales charges of MEIAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MEIAX Costs Over Time
On $10,000 invested in MEIAX, assuming 5% a year before costs, total costs come to $1,204 over 5 years, cutting the return by 2.06% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 0.79%) | $78 | $244 | $425 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $29 | $103 | $202 |
| Total costs | $780 | $923 | $1,204 |
| Value after costs | $9,720 | $10,653 | $11,559 |
| Impact on return, per year | 7.80% | 2.87% | 2.06% |
MEIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0037%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $788.6M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $0
- Net income from securities lending: $2K (0.000% of average net assets)
MEIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $382K | 21.17% |
| Goldman Sachs & Co. LLC | $275K | 15.23% |
| J.P. Morgan Securities LLC | $271K | 15.02% |
| Morgan Stanley & Co. LLC | $205K | 11.36% |
| BMO Capital Markets Corp. | $151K | 8.37% |
| Citigroup Global Markets Inc. | $143K | 7.94% |
| BofA Securities, Inc. | $117K | 6.48% |
| TD Securities (USA) LLC | $98K | 5.42% |
| Barclays Capital Inc. | $93K | 5.18% |
| UBS Securities LLC | $69K | 3.83% |
MEIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $585.8M | 74.29% |
| Barclays Capital Inc. | $119.6M | 15.17% |
| Morgan Stanley & Co. LLC | $83.2M | 10.54% |
MFS 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 |
|---|---|---|---|
| MEIKX | Class R6 | 0.44% | none |
| MEIIX | Class I | 0.54% | none |
| MEIJX | Class R4 | 0.54% | none |
| MEIAX | Class A | 0.79% | 5.75% |
| MEIHX | Class R3 | 0.79% | none |
| MVRRX | Class R2 | 1.04% | none |
| MEICX | Class C | 1.54% | none |
| MEIGX | Class R1 | 1.54% | none |
| MFEBX | Class B | 1.54% | 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.