C000091023 Fees and Costs — MML Fundamental Value Fund, Service Class I
Data updated: 2025-05-30
The net expense ratio is 1.05%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $72K in broker commissions, 0.0426% of average net assets, and portfolio turnover was 50%.
C000091023 Fees and Expenses
Annual operating expenses and sales charges of C000091023. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000091023 Costs Over Time
On $10,000 invested in C000091023, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 |
| Fund expenses (net expense ratio 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
C000091023 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0426%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $575.6M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $872K
- Net income from securities lending: $3K (0.002% of average net assets)
C000091023 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $13K | 20.76% |
| National Financial Services LLC | $12K | 19.28% |
| Royal Bank of Canada | $11K | 16.91% |
| JPMorgan Chase & Co. | $8K | 12.01% |
| Bank of America Merrill Lynch | $5K | 7.73% |
| Goldman Sachs & Co. | $4K | 6.73% |
| UBS Group AG | $4K | 6.01% |
| Pershing LLC | $3K | 4.24% |
| Liquidnet, Inc. | $2K | 3.69% |
| Academy Securities, Inc. | $2K | 2.65% |
C000091023 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $575.4M | 99.96% |
| Citigroup Inc. | $214K | 0.04% |
| Goldman Sachs & Co. | $179 | 0.00% |
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.