MFUAX Fees and Costs — MassMutual Fundamental Value Fund, Class A
Data updated: 2024-11-27
The net expense ratio is 1.18%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.33% other expenses. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $141K in broker commissions, 0.0312% of average net assets, and portfolio turnover was 34%.
MFUAX Fees and Expenses
Annual operating expenses and sales charges of MFUAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MFUAX Costs Over Time
On $10,000 invested in MFUAX, assuming 5% a year before costs, total costs come to $1,415 over 5 years, cutting the return by 2.44% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.18%) | $117 | $365 | $631 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $27 | $105 | $217 |
| Total costs | $796 | $1,029 | $1,415 |
| Value after costs | $9,704 | $10,547 | $11,348 |
| Impact on return, per year | 7.96% | 3.21% | 2.44% |
MFUAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0312%
- Total broker commissions: $141K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $24K (0.005% of average net assets)
MFUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $22K | 18.66% |
| Piper Jaffray & Co. | $22K | 18.59% |
| JPMorgan Chase & Co. | $19K | 15.78% |
| Goldman Sachs & Co. | $14K | 11.52% |
| Royal Bank of Canada | $11K | 8.78% |
| Bank of America Merrill Lynch | $11K | 8.77% |
| Instinet, LLC | $6K | 4.89% |
| UBS Group AG | $6K | 4.84% |
| Liquidnet, Inc. | $5K | 4.41% |
| Wedbush Securities Inc. | $5K | 3.75% |
MFUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.8B | 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.