MMGAX Fees and Costs — MFS Georgia Municipal Bond Fund, Class A
Data updated: 2026-08-25
The net expense ratio is 0.90%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.09% 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%. Portfolio turnover was 13%.
MMGAX Fees and Expenses
Annual operating expenses and sales charges of MMGAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.90% |
| 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 |
MMGAX Costs Over Time
On $10,000 invested in MMGAX, assuming 5% a year before costs, total costs come to $1,083 over 5 years, cutting the return by 1.84% 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 0.90%) | $90 | $283 | $491 |
| Lost growth on money paid in costs | $21 | $81 | $167 |
| Total costs | $636 | $789 | $1,083 |
| Value after costs | $9,864 | $10,788 | $11,680 |
| Impact on return, per year | 6.36% | 2.44% | 1.84% |
MMGAX 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): $41.1M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
MMGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Raymond James & Associates, Inc. | $6.2M | 20.84% |
| Stifel, Nicolaus & Company, Incorporated | $6.0M | 20.23% |
| RBC Capital Markets, LLC | $2.5M | 8.29% |
| Deutsche Bank Securities Inc. | $2.4M | 8.09% |
| J.P. Morgan Securities LLC | $2.4M | 7.93% |
| TD SECURITIES (USA) LLC | $2.3M | 7.55% |
| BofA Securities, Inc. | $2.2M | 7.52% |
| Morgan Stanley & Co. LLC | $2.2M | 7.45% |
| Piper Sandler & Co. | $1.9M | 6.37% |
| Jefferies LLC | $1.7M | 5.74% |
MFS Georgia 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 |
|---|---|---|---|
| MPGOX | Class R6 | 0.60% | none |
| MGATX | Class I | 0.65% | none |
| MMGAX | Class A | 0.90% | 4.25% |
| MBGAX | Class B | 1.65% | 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.