SRESX Fees and Costs — MFS Global Real Estate Portfolio, Service Class
Data updated: 2026-08-24
The net expense ratio is 1.15%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.12% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $55K in broker commissions, 0.0331% of average net assets, and portfolio turnover was 40%.
SRESX Fees and Expenses
Annual operating expenses and sales charges of SRESX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.15% |
| 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 |
SRESX Costs Over Time
On $10,000 invested in SRESX, assuming 5% a year before costs, total costs come to $737 over 5 years, cutting the return by 1.24% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $406 | $737 |
| Value after costs | $10,376 | $11,170 | $12,025 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
SRESX 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): 0.0331%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $594K
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
SRESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $8K | 17.53% |
| Goldman Sachs & Co. LLC | $8K | 17.14% |
| Morgan Stanley & Co. LLC | $7K | 15.14% |
| J.P. Morgan Securities LLC | $5K | 11.65% |
| BofA Securities, Inc. | $5K | 10.14% |
| BNP Paribas Securities Corp. | $3K | 7.22% |
| JonesTrading Institutional Services LLC | $3K | 6.21% |
| RBC Capital Markets, LLC | $3K | 5.49% |
| UBS Securities LLC | $2K | 5.01% |
| BMO Capital Markets Corp. | $2K | 4.46% |
SRESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $496K | 83.51% |
| BofA Securities, Inc. | $98K | 16.49% |
MFS Global Real Estate Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000021901 | Initial Class | 0.90% | — |
| SRESX | Service Class | 1.15% | — |
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.