# MFS Managed Wealth Fund - Class A (MNWAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mnwax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: MFS · Asset class: Currency - Strategy: Actively Managed · Inception: 2014-06-30 The fund's primary objective is to generate comprehensive total returns. Its strategy involves two key components: first, a deliberate allocation of assets to three specific MFS equity funds, known as underlying funds. Second, it employs a dynamic asset allocation overlay, primarily using derivative financial instruments. This overlay is designed to achieve a dual purpose: to reduce the overall volatility of the fund's returns by moderating its exposure to the equity and/or currency markets inherent in the underlying funds, and to potentially open access to distinct asset classes or market... ## Key Facts | Metric | Value | |---|---| | Price | $13.62 | | Expense Ratio | 1.39% | | Assets Under Management | $33.3M | | NAV | $13.62 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 0.55% | | Annual Distribution (TTM) | $0.08 /share | | Distribution Frequency | Annual | | 52-Week Range | $12.70 – $13.93 | | Beta | 0.25 | ## Latest Distribution - Amount: $0.0755 /share - Ex-date: 2025-12-23 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does MNWAX invest in? The fund's primary objective is to generate comprehensive total returns. Its strategy involves two key components: first, a deliberate allocation of assets to three specific MFS equity funds, known as underlying funds. Second, it employs a dynamic asset allocation overlay, primarily using derivative financial instruments. This overlay is designed to achieve a dual purpose: to reduce the overall volatility of the fund's returns by moderating its exposure to the equity and/or currency markets inherent in the underlying funds, and to potentially open access to distinct asset classes or market segments where the underlying funds have limited or no presence. ### What is the expense ratio of MNWAX? MFS Managed Wealth Fund - Class A (MNWAX) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MNWAX? MFS Managed Wealth Fund - Class A (MNWAX) manages $33.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MNWAX actively managed or an index fund? MNWAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MNWAX's is 1.39%) in exchange for the discretion to over- or under-weight positions. ### When was MNWAX launched? MFS Managed Wealth Fund - Class A (MNWAX) launched in June 2014 and is managed by MFS. ### How has MNWAX performed? MNWAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MNWAX pay a dividend? MFS Managed Wealth Fund - Class A (MNWAX) currently distributes little or no income. Trailing-twelve-month yield is 0.55%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MNWAX pay dividends? MFS Managed Wealth Fund - Class A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MNWAX's dividend yield? MNWAX's trailing-twelve-month yield is 0.55%, calculated from the sum of dividends over the past year divided by the current price. ### When is MNWAX's next ex-dividend date? The most recently announced ex-dividend date for MNWAX was 2025-12-23. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MNWAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MNWAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MNWAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MNWAX cost more than a fund like VOO? MNWAX is actively managed (current expense ratio 1.39%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MNWAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MNWAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MNWAX (1.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mnwax - Distribution history: https://www.dividenddata.com/funds/mnwax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mnwax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mnwax/expenses - Peer comparison: https://www.dividenddata.com/funds/mnwax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.