MPOAX Fees and Costs — MFS California Municipal Bond Fund, Class R6
Data updated: 2026-08-25
The net expense ratio is 0.50%: a 0.45% management fee plus 0.08% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 15%.
MPOAX Fees and Expenses
Annual operating expenses and sales charges of MPOAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.50% |
| 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 |
MPOAX Costs Over Time
On $10,000 invested in MPOAX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
MPOAX 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): $267.3M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
MPOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $28.2M | 15.16% |
| Goldman Sachs & Co. LLC | $27.9M | 15.00% |
| Stifel, Nicolaus & Company, Incorporated | $27.9M | 14.97% |
| BofA Securities, Inc. | $25.5M | 13.72% |
| Morgan Stanley & Co. LLC | $18.8M | 10.12% |
| Wells Fargo Securities, LLC | $16.3M | 8.74% |
| Oppenheimer & Co. Inc. | $11.5M | 6.16% |
| B. C. Ziegler and Company | $10.3M | 5.53% |
| RBC Capital Markets, LLC | $10.0M | 5.36% |
| Raymond James & Associates, Inc. | $9.8M | 5.24% |
MFS California 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 |
|---|---|---|---|
| MPOAX | Class R6 | 0.50% | none |
| MCAVX | Class I | 0.56% | none |
| MCFTX | Class A | 0.66% | 4.25% |
| MBCAX | Class B | 1.41% | none |
| MCCAX | Class C | 1.56% | 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.