MHIGX Fees and Costs — MFS High Income Fund, Class R1
Data updated: 2026-09-28
The net expense ratio is 1.60%: a 0.45% management fee, a 1.00% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $24K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 51%.
MHIGX Fees and Expenses
Annual operating expenses and sales charges of MHIGX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.60% |
| 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 |
MHIGX Costs Over Time
On $10,000 invested in MHIGX, assuming 5% a year before costs, total costs come to $990 over 5 years, cutting the return by 1.68% 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 1.60%) | $168 | $521 | $898 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $547 | $990 |
| Value after costs | $10,332 | $11,029 | $11,773 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
MHIGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
MHIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $16K | 67.35% |
| Jane Street Execution Services, LLC | $8K | 32.65% |
MHIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $272.6M | 21.47% |
| Goldman Sachs & Co. LLC | $220.6M | 17.38% |
| BofA Securities, Inc. | $161.5M | 12.72% |
| Citigroup Global Markets Inc. | $150.6M | 11.86% |
| Morgan Stanley & Co. LLC | $111.3M | 8.77% |
| Wells Fargo Securities, LLC | $108.7M | 8.57% |
| Barclays Capital, Inc. | $69.0M | 5.43% |
| Jefferies LLC | $67.1M | 5.29% |
| UBS Securities LLC | $55.9M | 4.40% |
| RBC Capital Markets, LLC | $52.2M | 4.11% |
MFS High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MHIKX | Class R6 | 0.50% | none |
| MHIIX | Class I | 0.60% | none |
| MHIJX | Class R4 | 0.60% | none |
| MHIHX | Class R3 | 0.85% | none |
| MHITX | Class A | 0.85% | 4.25% |
| MIHRX | Class R2 | 1.10% | none |
| MHIBX | Class B | 1.60% | none |
| MHICX | Class C | 1.60% | none |
| MHIGX | Class R1 | 1.60% | 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.