MTERX Fees and Costs — MFS Technology Fund, Class R2
Data updated: 2026-07-27
The net expense ratio is 1.36%: a 0.72% management fee, a 0.50% 12b-1 fee plus 0.15% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $190K in broker commissions, 0.0094% of average net assets, and portfolio turnover was 50%.
MTERX Fees and Expenses
Annual operating expenses and sales charges of MTERX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.36% |
| 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 |
MTERX Costs Over Time
On $10,000 invested in MTERX, assuming 5% a year before costs, total costs come to $850 over 5 years, cutting the return by 1.44% 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 1.36%) | $143 | $444 | $767 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $469 | $850 |
| Value after costs | $10,356 | $11,107 | $11,913 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
MTERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0094%
- Total broker commissions: $190K
- Bought from dealers (principal trades, not a cost): $198K
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $933K
- Net income from securities lending: $41K (0.002% of average net assets)
MTERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $41K | 23.34% |
| J.P. Morgan Securities LLC | $40K | 22.71% |
| UBS Securities LLC | $19K | 10.84% |
| TD Securities (USA) LLC | $15K | 8.36% |
| BMO Capital Markets Corp. | $15K | 8.24% |
| BofA Securities, Inc. | $13K | 7.21% |
| JonesTrading Institutional Services LLC | $12K | 6.59% |
| Morgan Stanley & Co. LLC | $10K | 5.57% |
| Barclays Capital Inc. | $8K | 4.36% |
| Goldman Sachs & Co. LLC | $5K | 2.79% |
MTERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $125K | 63.30% |
| Goldman Sachs & Co. LLC | $73K | 36.70% |
MFS Technology Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MTCLX | Class R6 | 0.77% | none |
| MTCIX | Class I | 0.86% | none |
| MTCJX | Class R4 | 0.86% | none |
| MTCAX | Class A | 1.11% | 5.75% |
| MTCHX | Class R3 | 1.11% | none |
| MTERX | Class R2 | 1.36% | none |
| MTCBX | Class B | 1.86% | none |
| MTCCX | Class C | 1.86% | none |
| MTCKX | Class R1 | 1.86% | 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.