MCJTX — MM Russell 2000 Small Cap Index Fund
Data updated: 2022-05-27
MCJTX — MM Russell 2000 Small Cap Index Fund. United States Small Cap Blend / Core Equity · $222.98M AUM. Holdings, fees, performance and SEC filings.
MCJTX Fund Overview
MCJTX — MM Russell 2000 Small Cap Index Fund is a US mutual fund managed by Massmutual Select Funds, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Massmutual Select Funds
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $222.98M
- 1-year return: -6.7%
- Ticker: MCJTX
- SEC CIK: 0000916053
- SEC series ID: S000037830
- Share class ID: C000140431
MCJTX Investment Objective and Strategy
MM Russell 2000 Small Cap Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Massmutual Select Funds.
Investment objective
The Fund seeks to provide investment results approximating (before fees and expenses) the aggregate price and dividend performance of the securities included in the Russell 2000 Index*. * The Fund is not promoted, sponsored, or endorsed by, nor in any way affiliated with Russell Investment Group (?Russell?). Russell is not responsible for and has not reviewed the Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise. The Russell 2000 Index and Russell are trademarks of the Frank Russell Company.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% (and, typically, substantially all) of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of companies included in the Russell 2000 Index (Index), in weightings that approximate the relative composition of the securities contained in the Index, and in Russell 2000 Index futures contracts. The Index is a widely recognized, unmanaged index representative of common stocks of smaller capitalized U.S. companies. The companies in the Index are selected according to their total market capitalization. However, companies are not selected by Frank Russell Company for inclusion in the Index because they are expected to have superior stock price performance relative to the stock market in general or other stocks in particular.
As of December 31, 2017, the market capitalization range of companies included in the Index was $4 million to $9.37 billion. If the securities represented in the Index were to become concentrated in any particular industry, the Funds investments would likewise be concentrated in securities of issuers in that industry; the Index is not currently concentrated in any single industry. The Fund is passively managed, which means it tries to duplicate the investment composition and performance of the Index by using computer programs and statistical procedures. The Funds subadviser, Northern Trust Investments, Inc. (NTI), will buy and sell securities in response to changes in the Index. The Fund may use Index futures contracts, a type of derivative, to gain exposure to the Index in lieu of investing in cash, or to reduce its exposure to the Index while it sells the securities in its portfolio.
Use of Index futures contracts by the Fund may create investment leverage. Because the Fund, unlike the Index, is subject to fees and transaction expenses, the Funds returns are likely to be less than those of the Index. NTI expects that, under normal circumstances, the annual performance of the Fund, before fees and expenses, will track the performance of the Index within a 0.95 correlation coefficient.
MCJTX Performance
Total returns for MCJTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.7% |
| 3 years (annualised) | 11.0% |
MCJTX Risk Information
Risk metrics for MCJTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.5%
MCJTX Costs and Fees
MCJTX costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
- Portfolio turnover: 23%
- Brokerage commissions: 12.92 bps of average net assets (SEC N-CEN)
MCJTX Cashflows
Over the 12 months to 2022-03, MM Russell 2000 Small Cap Index Fund had net outflows of $58.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | −$2.46M |
| 2022-02 | −$12.99M |
| 2022-01 | −$30.53M |
| 2021-12 | −$3.32M |
| 2021-11 | −$3.80M |
| 2021-10 | $36.97M |
MCJTX Debt Constituents
No individual debt constituents are reported in MM Russell 2000 Small Cap Index Fund's latest SEC N-PORT filing.
MCJTX Prospectus and SEC Filings
Official MM Russell 2000 Small Cap Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus (485BPOS) — filed 2021-01-29
- Prospectus (485BPOS) — filed 2020-02-20
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Portfolio holdings (N-PORT) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2021-11-26
- Annual census (N-CEN) — filed 2021-12-14
- Annual census (N-CEN) — filed 2020-12-10
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.