BXQAX Fees and Costs — MassMutual Global Emerging Markets Equity Fund, Class L
Data updated: 2024-05-30
The net expense ratio is 1.15%: a 0.90% management fee, a 0.25% 12b-1 fee plus 1.31% other expenses, less a 1.31% fee waiver. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $2K in broker commissions, 0.0222% of average net assets, and portfolio turnover was 17%.
BXQAX Fees and Expenses
Annual operating expenses and sales charges of BXQAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.31% |
| Gross expense ratio | 2.46% |
| Fee waiver | −1.31% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BXQAX Costs Over Time
On $10,000 invested in BXQAX, assuming 5% a year before costs, total costs come to $1,392 over 5 years, cutting the return by 2.40% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.15%) | $114 | $355 | $615 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $27 | $105 | $215 |
| Total costs | $792 | $1,017 | $1,392 |
| Value after costs | $9,708 | $10,559 | $11,370 |
| Impact on return, per year | 7.92% | 3.17% | 2.40% |
BXQAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0222%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $54.3M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $5K
- Net income from securities lending: $13 (0.000% of average net assets)
BXQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Arqaam Capital Limited | $493 | 23.61% |
| Goldman Sachs & Co. | $414 | 19.82% |
| JPMorgan Chase & Co. | $296 | 14.14% |
| Morgan Stanley & Co. LLC | $261 | 12.50% |
| Macquarie Bank | $191 | 9.13% |
| Bank of America Merrill Lynch | $116 | 5.57% |
| Itau Unibanco SA | $98 | 4.68% |
| Citigroup Inc. | $88 | 4.22% |
| The Hongkong and Shanghai Banking Corporation Limited | $71 | 3.38% |
| UBS Group AG | $62 | 2.97% |
BXQAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $54.3M | 100.00% |
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.