SDSSX Fees and Costs — MFS New Discovery Value Portfolio, Service Class
Data updated: 2026-08-24
The net expense ratio is 1.13%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 0.0421% of average net assets, and portfolio turnover was 50%.
SDSSX Fees and Expenses
Annual operating expenses and sales charges of SDSSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SDSSX Costs Over Time
On $10,000 invested in SDSSX, assuming 5% a year before costs, total costs come to $731 over 5 years, cutting the return by 1.23% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $402 | $731 |
| Value after costs | $10,377 | $11,174 | $12,032 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
SDSSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0421%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $2.4M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $350K
- Net income from securities lending: $6K (0.013% of average net assets)
SDSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $3K | 20.95% |
| BofA Securities, Inc. | $2K | 14.14% |
| J.P. Morgan Securities LLC | $2K | 11.28% |
| UBS Securities LLC | $2K | 10.69% |
| National Financial Services LLC | $2K | 10.47% |
| JonesTrading Institutional Services LLC | $1K | 8.77% |
| Morgan Stanley & Co. LLC | $1K | 6.74% |
| BMO Capital Markets Corp. | $984 | 6.40% |
| Goldman Sachs & Co. LLC | $922 | 5.99% |
| Wells Fargo Securities, LLC | $702 | 4.56% |
SDSSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $530K | 22.22% |
| Jefferies LLC | $460K | 19.30% |
| J.P. Morgan Securities LLC | $275K | 11.53% |
| RBC Capital Markets, LLC | $241K | 10.12% |
| Goldman Sachs & Co. LLC | $223K | 9.35% |
| Barclays Capital Inc. | $218K | 9.16% |
| BNY Capital Markets, LLC | $176K | 7.38% |
| BofA Securities, Inc. | $150K | 6.30% |
| Citigroup Global Markets Inc. | $111K | 4.65% |
MFS New Discovery Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCDSX | Initial Class | 0.88% | — |
| SDSSX | Service Class | 1.13% | — |
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.