Having tested level-load pricing on 13 mutual funds earlier this year, Massachusetts Financial Services is adding this pricing option to six more funds it advises.
Starting this month, investors will be able to buy shares in five more MFS funds and choose to pay set annual management fees.
Investors may still select the more traditional up-front or back-end sales charges.
These are offered on all 47 of Massachusetts Financial's funds.
The Funds Affected
The level-load option is being added to the MFS Total Return Fund, MFS OTC Fund, MFS Government Limited Maturity Fund, MFS Limited Maturity Fund, and MFS Municipal Limited Maturity Fund.
The Boston-based mutual fund company also plans to add level loads to its Strategic Income Fund on Sept. 1.
This will bring the number of mutual funds carrying this pricing option to 19.
Brokers who sell Massachusetts Financial funds with a level load will receive 1% of assets per year.