What is the process for redeeming shares in MFS funds?

When investors wish to redeem shares in MFS funds, they generally need to follow a set procedure which takes into account the specific fund’s guidelines. While the exact steps can vary, the typical process begins with the investor submitting a redemption request. This request can often be made through a few channels, including online through the fund’s investor portal, by phone, or by submitting a written request by mail. Once the request is submitted, MFS will process it according to the fund’s redemption policies. Investors should be aware that redemption requests are typically settled at the net asset value, or NAV, which is calculated at the close of the trading day. Therefore, if a request is entered after the cutoff time, the redemption may be processed at the next trading day’s NAV. It is also important for investors to be mindful of any applicable fees or conditions associated with the redemption of shares, such as potential short-term trading fees or restrictions. To find specific information regarding membership eligibility, fees, or processing times, investors are encouraged to visit the official MFS website or check their account documentation for details.