MGJIX Fees and Costs — MassMutual Select BlackRock Global Allocation Fund, Class I
Data updated: 2022-05-27
The net expense ratio is 0.80%: a 0.78% management fee plus 0.16% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $857K in broker commissions, 0.1285% of average net assets, and portfolio turnover was 132%.
MGJIX Fees and Expenses
Annual operating expenses and sales charges of MGJIX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MGJIX Costs Over Time
On $10,000 invested in MGJIX, assuming 5% a year before costs, total costs come to $582 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 0.80%) | $84 | $262 | $455 |
| Trading costs (broker commissions) | $13 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $582 |
| Value after costs | $10,403 | $11,257 | $12,181 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
MGJIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1285%
- Total broker commissions: $857K
- Bought from dealers (principal trades, not a cost): $9.3B
- Portfolio turnover (prospectus): 132%
- Securities on loan, average value: $3.0M
- Net income from securities lending: $30K (0.004% of average net assets)
MGJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $95K | 17.80% |
| Morgan Stanley & Co. LLC | $70K | 13.01% |
| Capital Institutional Services, Inc. | $59K | 11.09% |
| Citigroup Inc. | $57K | 10.56% |
| Bank of America Merrill Lynch | $55K | 10.18% |
| JPMorgan Chase & Co. | $50K | 9.27% |
| Credit Suisse Group AG | $43K | 8.06% |
| UBS Group AG | $41K | 7.59% |
| Liquidnet, Inc. | $37K | 6.94% |
| Instinet, LLC | $29K | 5.49% |
MGJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $7.8B | 85.56% |
| Bank of America Merrill Lynch | $749.5M | 8.22% |
| JPMorgan Chase & Co. | $123.3M | 1.35% |
| Credit Suisse Group AG | $83.5M | 0.92% |
| Citigroup Inc. | $80.7M | 0.89% |
| Goldman Sachs & Co. | $78.7M | 0.86% |
| Morgan Stanley & Co. LLC | $72.2M | 0.79% |
| Nomura Securities Co., Ltd. | $67.7M | 0.74% |
| Barclays Bank | $37.5M | 0.41% |
| Wells Fargo Securities, LLC | $23.9M | 0.26% |
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.