C000155847 Fees and Costs — MML Dynamic Bond Fund, Class II
Data updated: 2025-05-30
The net expense ratio is 0.57%: a 0.40% management fee plus 0.29% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $102K in broker commissions, 0.0496% of average net assets, and portfolio turnover was 166%.
C000155847 Fees and Expenses
Annual operating expenses and sales charges of C000155847. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.57% |
| 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 |
C000155847 Costs Over Time
On $10,000 invested in C000155847, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.57%) | $60 | $187 | $326 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000155847 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): 0.0496%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 166%
- Securities on loan, average value: $3.8M
- Net income from securities lending: $15K (0.007% of average net assets)
C000155847 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $77K | 74.98% |
| Goldman Sachs & Co. | $24K | 23.23% |
| Bank of Montreal | $1K | 1.39% |
| Citigroup Inc. | $213 | 0.21% |
| JPMorgan Chase & Co. | $115 | 0.11% |
| Wells Fargo Securities, LLC | $88 | 0.09% |
C000155847 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $724.7M | 39.31% |
| Goldman Sachs & Co. | $690.4M | 37.45% |
| Morgan Stanley & Co. LLC | $135.5M | 7.35% |
| BNP Paribas | $85.5M | 4.64% |
| JPMorgan Chase & Co. | $83.6M | 4.54% |
| Wells Fargo Securities, LLC | $49.6M | 2.69% |
| Bank of America Merrill Lynch | $48.6M | 2.64% |
| Citigroup Inc. | $13.7M | 0.74% |
| Royal Bank of Canada | $7.3M | 0.40% |
| Bank of Montreal | $4.6M | 0.25% |
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.