MFS Investment Management says it plans to add Class R6 shares to 20 additional mutual funds.
The share classes are expected to launch over the next nine months, between June 2, 2017 and March 2, 2018. The shares are not subject to sales charges, Rule 12b-1 fees or sub-accounting fees, and would qualify as “clean shares” under current regulatory guidance, according to a press release.
Once completed in March 2018, 79 MFS U.S.-domiciled mutual funds will be available in Class R6 shares, available for inclusion in retirement plans and in certain asset-based advisory fee programs.
According to a press release, MFS began adding Class R6 (then called “Class R5”) shares in 2012 and 2013 to its U.S. open-end retail mutual fund lineup. By March 2, 2018, a majority of its U.S. fund lineup will offer Class R6 shares.
MFS began making Class R6 shares available to asset-based advisory fee platforms in December 2016.
A list of the funds that will add Class R6 shares, including anticipated launch dates can be found here.
