MNCLX Fees and Costs — MFS North Carolina Municipal Bond Fund, Class I
Data updated: 2026-08-25
The net expense ratio is 0.59%: a 0.45% management fee plus 0.16% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 20%.
MNCLX Fees and Expenses
Annual operating expenses and sales charges of MNCLX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.59% |
| 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 |
MNCLX Costs Over Time
On $10,000 invested in MNCLX, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
MNCLX 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): $138.7M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
MNCLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $30.3M | 23.45% |
| Goldman Sachs & Co. LLC | $14.3M | 11.06% |
| PNC Capital Markets LLC | $13.3M | 10.28% |
| Wells Fargo Securities, LLC | $13.2M | 10.18% |
| ROBERT W. BAIRD & CO. INCORPORATED | $11.6M | 8.98% |
| Morgan Stanley & Co. LLC | $11.6M | 8.97% |
| J.P. Morgan Securities LLC | $10.9M | 8.41% |
| B. C. Ziegler and Company | $10.2M | 7.92% |
| Stifel, Nicolaus & Company, Incorporated | $7.0M | 5.42% |
| Truist Securities, Inc. | $6.9M | 5.33% |
MFS North Carolina 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 |
|---|---|---|---|
| MPNCX | Class R6 | 0.52% | none |
| MNCLX | Class I | 0.59% | none |
| MSNCX | Class A | 0.84% | 4.25% |
| MBNCX | Class B | 1.59% | none |
| MCNCX | Class C | 1.59% | 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.