MLALX Fees and Costs — MFS Alabama Municipal Bond Fund, Class I
Data updated: 2026-08-25
The net expense ratio is 0.66%: a 0.45% management fee plus 0.41% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 14%.
MLALX Fees and Expenses
Annual operating expenses and sales charges of MLALX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.66% |
| 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 |
MLALX Costs Over Time
On $10,000 invested in MLALX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
MLALX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $18.0M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
MLALX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $5.2M | 33.50% |
| J.P. Morgan Securities LLC | $2.0M | 12.66% |
| UBS Securities LLC | $1.4M | 9.04% |
| Wells Fargo Securities, LLC | $1.3M | 8.41% |
| ICE Securities Execution & Clearing, LLC | $1.2M | 8.10% |
| Loop Capital Markets LLC | $1.2M | 7.78% |
| Raymond James & Associates, Inc. | $999K | 6.48% |
| StoneX Financial, Inc | $800K | 5.20% |
| Piper Sandler & Co. | $723K | 4.70% |
| TD SECURITIES (USA) LLC | $638K | 4.14% |
MFS Alabama Municipal 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 |
|---|---|---|---|
| MPOLX | Class R6 | 0.60% | none |
| MLALX | Class I | 0.66% | none |
| MFALX | Class A | 0.91% | 4.25% |
| MBABX | Class B | 1.66% | 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.