MKVBX Fees and Costs — MFS International Large Cap Value Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 0.96%: a 0.67% management fee, a 0.25% 12b-1 fee plus 0.10% other expenses, less a 0.06% 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 2026 the fund paid $1.6M in broker commissions, 0.0218% of average net assets, and portfolio turnover was 23%.
MKVBX Fees and Expenses
Annual operating expenses and sales charges of MKVBX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.96% |
| 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 |
MKVBX Costs Over Time
On $10,000 invested in MKVBX, assuming 5% a year before costs, total costs come to $1,313 over 5 years, cutting the return by 2.26% 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 0.96%) | $95 | $296 | $514 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $29 | $106 | $212 |
| Total costs | $799 | $984 | $1,313 |
| Value after costs | $9,701 | $10,592 | $11,450 |
| Impact on return, per year | 7.99% | 3.06% | 2.26% |
MKVBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0218%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $16.0M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $66.3M
- Net income from securities lending: $504K (0.007% of average net assets)
MKVBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $239K | 18.75% |
| Jefferies LLC | $211K | 16.50% |
| J.P. Morgan Securities LLC | $163K | 12.80% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $134K | 10.46% |
| UBS Securities LLC | $132K | 10.35% |
| RBC Capital Markets, LLC | $122K | 9.57% |
| Liquidnet, Inc. | $89K | 6.98% |
| Goldman Sachs & Co. LLC | $67K | 5.23% |
| Virtu Americas LLC | $65K | 5.08% |
| Mizuho Securities USA LLC | $55K | 4.29% |
MKVBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $6.9M | 42.88% |
| BNP Paribas Securities Corp. | $5.9M | 36.74% |
| J.P. Morgan Securities LLC | $3.3M | 20.39% |
MFS International Large Cap 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 |
|---|---|---|---|
| MKVHX | Class R6 | 0.67% | none |
| MKVGX | Class R4 | 0.71% | none |
| MKVIX | Class I | 0.71% | none |
| MKVBX | Class A | 0.96% | 5.75% |
| MKVFX | Class R3 | 0.96% | none |
| MKVEX | Class R2 | 1.21% | none |
| MKVCX | Class C | 1.71% | none |
| MKVDX | Class R1 | 1.71% | 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.