MLFHX Fees and Costs — MFS Lifetime 2040 Fund, Class R3
Data updated: 2026-09-24
The net expense ratio is 0.78% (0.97% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 8%.
MLFHX Fees and Expenses
Annual operating expenses and sales charges of MLFHX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.78% |
| 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 |
MLFHX Costs Over Time
On $10,000 invested in MLFHX, assuming 5% a year before costs, total costs come to $490 over 5 years, cutting the return by 0.82% 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 0.78%) | $82 | $256 | $445 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $490 |
| Value after costs | $10,418 | $11,307 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
MLFHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
MFS Lifetime 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MLFKX | Class R6 | 0.39% | none |
| MLFIX | Class I | 0.53% | none |
| MLFJX | Class R4 | 0.53% | none |
| MLFAX | Class A | 0.78% | 5.75% |
| MLFHX | Class R3 | 0.78% | none |
| MLFGX | Class R2 | 1.03% | none |
| MLFBX | Class B | 1.53% | none |
| MLFCX | Class C | 1.53% | none |
| MLFEX | Class R1 | 1.53% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.