MFSM Fees and Costs — MFS Active Intermediate Muni Bond ETF
Data updated: 2026-07-27
The net expense ratio is 0.34%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 12%.
MFSM Fees and Expenses
Annual operating expenses and sales charges of MFSM. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.34% |
| Fee waiver | — |
| Net expense ratio | 0.34% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MFSM Costs Over Time
On $10,000 invested in MFSM, assuming 5% a year before costs, total costs come to $217 over 5 years, cutting the return by 0.36% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $119 | $217 |
| Value after costs | $10,464 | $11,458 | $12,546 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
MFSM 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): 0.0025%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $37.7M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
MFSM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $884 | 72.07% |
| Virtu Americas LLC | $342 | 27.93% |
MFSM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6.0M | 21.86% |
| BNY Capital Markets, LLC | $3.8M | 13.74% |
| RBC Capital Markets, LLC | $3.7M | 13.50% |
| Stifel, Nicolaus & Company, Incorporated | $2.7M | 9.80% |
| Ice Securities Execution & Clearing, LLC | $2.1M | 7.77% |
| Raymond James & Associates, Inc. | $2.1M | 7.61% |
| Goldman Sachs & Co. LLC | $2.0M | 7.29% |
| Headlands Holdings, LLC | $1.9M | 7.08% |
| Morgan Stanley & Co. LLC | $1.8M | 6.58% |
| Deutsche Bank Securities Inc. | $1.3M | 4.76% |
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.