MGBAX Fees and Costs — MFS Global Opportunistic Bond Fund, Class A
Data updated: 2026-07-23
The net expense ratio is 0.94%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 4.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $123K in broker commissions, 0.0121% of average net assets, and portfolio turnover was 133%.
MGBAX Fees and Expenses
Annual operating expenses and sales charges of MGBAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
MGBAX Costs Over Time
On $10,000 invested in MGBAX, assuming 5% a year before costs, total costs come to $1,113 over 5 years, cutting the return by 1.90% 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 | $525 | $425 | $425 |
| Fund expenses (net expense ratio 0.94%) | $95 | $295 | $512 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $21 | $82 | $170 |
| Total costs | $642 | $806 | $1,113 |
| Value after costs | $9,858 | $10,771 | $11,650 |
| Impact on return, per year | 6.42% | 2.49% | 1.90% |
MGBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0121%
- Total broker commissions: $123K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 133%
- Securities lending: none during the year
MGBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $99K | 80.56% |
| J.P. Morgan Securities LLC | $24K | 19.44% |
MGBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $216.9M | 14.41% |
| J.P. Morgan Securities LLC | $206.0M | 13.69% |
| Citigroup Global Markets Inc. | $177.3M | 11.78% |
| Mizuho Securities USA LLC | $174.9M | 11.62% |
| Goldman Sachs & Co. LLC | $149.1M | 9.91% |
| Deutsche Bank Securities Inc. | $142.4M | 9.46% |
| HSBC Securities (USA) Inc. | $133.5M | 8.87% |
| Morgan Stanley & Co. LLC | $107.1M | 7.12% |
| SANTANDER INVESTMENT S.A. | $102.4M | 6.80% |
| Barclays Capital, Inc. | $95.2M | 6.33% |
MFS Global Opportunistic Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MGBOX | Class R6 | 0.61% | none |
| MGBJX | Class I | 0.69% | none |
| MGBNX | Class R4 | 0.69% | none |
| MGBAX | Class A | 0.94% | 4.25% |
| MGBMX | Class R3 | 0.94% | none |
| MGBLX | Class R2 | 1.19% | none |
| MGBBX | Class B | 1.69% | none |
| MGBDX | Class C | 1.69% | none |
| MGBKX | Class R1 | 1.69% | 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.