MFGHX Fees and Costs — MFS Government Securities Fund, Class R3
Data updated: 2026-07-23
The net expense ratio is 0.77%: a 0.38% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $300K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 139%.
MFGHX Fees and Expenses
Annual operating expenses and sales charges of MFGHX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.77% |
| 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 |
MFGHX Costs Over Time
On $10,000 invested in MFGHX, assuming 5% a year before costs, total costs come to $493 over 5 years, cutting the return by 0.82% 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 0.77%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $271 | $493 |
| Value after costs | $10,418 | $11,306 | $12,270 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
MFGHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $300K
- Bought from dealers (principal trades, not a cost): $5.2B
- Portfolio turnover (prospectus): 139%
- Securities lending: none during the year
MFGHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $299K | 99.57% |
| Goldman Sachs & Co. LLC | $1K | 0.43% |
MFGHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $1.2B | 23.66% |
| BofA Securities, Inc. | $967.7M | 19.43% |
| J.P. Morgan Securities LLC | $796.5M | 16.00% |
| Morgan Stanley & Co. LLC | $605.5M | 12.16% |
| Citigroup Global Markets Inc. | $584.9M | 11.75% |
| Wells Fargo Securities, LLC | $529.6M | 10.63% |
| RBC Capital Markets, LLC | $103.7M | 2.08% |
| Barclays Capital, Inc. | $98.9M | 1.99% |
| TD SECURITIES (USA) LLC | $58.2M | 1.17% |
| Goldman Sachs & Co. LLC | $56.7M | 1.14% |
MFS Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MFGKX | Class R6 | 0.43% | none |
| MFGJX | Class R4 | 0.52% | none |
| MGSIX | Class I | 0.52% | none |
| MFGHX | Class R3 | 0.77% | none |
| MFGSX | Class A | 0.77% | 4.25% |
| MGVSX | Class R2 | 1.02% | none |
| MFGBX | Class B | 1.52% | none |
| MFGDX | Class C | 1.52% | none |
| MFGGX | Class R1 | 1.52% | 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.