MDKFX — MM S&P Mid Cap Index Fund
Data updated: 2022-05-27
MDKFX — MM S&P Mid Cap Index Fund. United States Mid Cap Blend / Core Equity · $379.98M AUM. Holdings, fees, performance and SEC filings.
MDKFX Fund Overview
MDKFX — MM S&P Mid Cap Index Fund is a US mutual fund managed by Massmutual Select Funds, categorised as United States Mid 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 Mid Cap Blend / Core Equity
- Assets under management: $379.98M
- 1-year return: 3.9%
- Ticker: MDKFX
- SEC CIK: 0000916053
- SEC series ID: S000037829
- Share class ID: C000140428
MDKFX Investment Objective and Strategy
MM S&P Mid 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 Standard & Poor?s MidCap 400 Index (?S&P MidCap 400 Index?)*. * The S&P MidCap 400 Index is a product of S&P Dow Jones Indices LLC (?SPDJI?), and has been licensed for use by MML Advisers. Standard & Poor?s , S&P and S&P MidCap 400 are registered trademarks of Standard & Poor?s Financial Services LLC (?S&P?); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (?Dow Jones?); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by MML Advisers. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P MidCap 400 Index.
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 S&P MidCap 400 Index (Index), in weightings that approximate the relative composition of the securities contained in the Index, and in S&P MidCap 400 Index futures contracts. The Index is a widely recognized, unmanaged index representative of common stocks of mid-capitalized U.S. companies. The companies chosen for inclusion in the Index tend to be industry leaders within the U.S. economy as determined by Standard & Poors . However, companies are not selected by Standard & Poors for inclusion in the Index because they are expected to have superior stock price performance relative to the market in general or other stocks in particular.
As of December 31, 2017, the market capitalization range of companies included in the Index was $946 million to $13.11 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.
MDKFX Performance
Total returns for MDKFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.9% |
| 3 years (annualised) | 13.5% |
MDKFX Risk Information
Risk metrics for MDKFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.3%
MDKFX Costs and Fees
MDKFX costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.68%
- Portfolio turnover: 16%
- Brokerage commissions: 1.81 bps of average net assets (SEC N-CEN)
MDKFX Cashflows
Over the 12 months to 2022-03, MM S&P Mid Cap Index Fund had net outflows of $69.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | −$7.05M |
| 2022-02 | −$13.47M |
| 2022-01 | −$40.31M |
| 2021-12 | −$5.12M |
| 2021-11 | −$5.09M |
| 2021-10 | $31.62M |
MDKFX Debt Constituents
No individual debt constituents are reported in MM S&P Mid Cap Index Fund's latest SEC N-PORT filing.
MDKFX Prospectus and SEC Filings
Official MM S&P Mid 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 Mid 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.