C000155851 Fees and Costs — MML Special Situations Fund, Class II
Data updated: 2022-11-29
The net expense ratio is 0.91%: a 0.60% management fee plus 0.36% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $5K in broker commissions, 0.0127% of average net assets, and portfolio turnover was 52%.
C000155851 Fees and Expenses
Annual operating expenses and sales charges of C000155851. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.91% |
| 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 |
C000155851 Costs Over Time
On $10,000 invested in C000155851, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $578 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000155851 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0127%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $3.4M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $26K (0.066% of average net assets)
C000155851 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $3K | 59.30% |
| Virtu Americas LLC | $674 | 13.38% |
| Credit Suisse Group AG | $435 | 8.63% |
| Morgan Stanley & Co. LLC | $374 | 7.43% |
| ITG Inc. | $177 | 3.52% |
| The Bank of New York | $126 | 2.49% |
| Goldman Sachs & Co. | $106 | 2.11% |
| Barclays Bank | $83 | 1.64% |
| Citigroup Inc. | $42 | 0.83% |
| JPMorgan Chase & Co. | $34 | 0.67% |
C000155851 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.4M | 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.