MDDLX Fees and Costs — MassMutual Diversified Value Fund, Administrative Class
Data updated: 2026-08-27
The net expense ratio is 0.90%: a 0.50% management fee plus 0.40% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $162K in broker commissions, 0.0372% of average net assets, and portfolio turnover was 68%.
MDDLX Fees and Expenses
Annual operating expenses and sales charges of MDDLX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MDDLX Costs Over Time
On $10,000 invested in MDDLX, assuming 5% a year before costs, total costs come to $587 over 5 years, cutting the return by 0.98% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $587 |
| Value after costs | $10,402 | $11,254 | $12,176 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
MDDLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0372%
- Total broker commissions: $162K
- Bought from dealers (principal trades, not a cost): $591.9M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $3K (0.001% of average net assets)
MDDLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $71K | 47.59% |
| BofA Securities, Inc. | $22K | 15.01% |
| Goldman Sachs & Co. LLC | $12K | 8.03% |
| JonesTrading Institutional Services LLC | $9K | 5.95% |
| Stifel, Nicolaus & Company, Incorporated | $9K | 5.93% |
| Capital Institutional Services, Inc. | $8K | 5.27% |
| Piper Sandler & Co. | $6K | 4.21% |
| RBC Capital Markets, LLC | $5K | 3.52% |
| Liquidnet, Inc. | $4K | 2.67% |
| Mirae Asset Securities (USA) Inc. | $3K | 1.82% |
MDDLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $591.9M | 100.00% |
MassMutual Diversified Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MDDIX | Class I | 0.60% | none |
| MDVSX | Class R5 | 0.70% | none |
| MMNBX | Class Y | 0.70% | none |
| MDVYX | Service Class | 0.80% | none |
| MDDLX | Administrative Class | 0.90% | none |
| MDDRX | Class R4 | 1.05% | none |
| MDDAX | Class A | 1.10% | 5.50% |
| MDVNX | Class R3 | 1.30% | none |
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.