MIPNX Fees and Costs — MassMutual Inflation-Protected and Income Fund, Class R3
Data updated: 2026-08-27
The net expense ratio is 1.19%: a 0.38% management fee, a 0.50% 12b-1 fee plus 0.35% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 63%.
MIPNX Fees and Expenses
Annual operating expenses and sales charges of MIPNX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.19% |
| 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 |
MIPNX Costs Over Time
On $10,000 invested in MIPNX, assuming 5% a year before costs, total costs come to $745 over 5 years, cutting the return by 1.25% 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 1.19%) | $125 | $389 | $673 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $745 |
| Value after costs | $10,375 | $11,166 | $12,018 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
MIPNX 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): 0.0052%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
MIPNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $12K | 100.00% |
MIPNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1B | 50.31% |
| Wells Fargo Securities, LLC | $327.5M | 15.56% |
| J.P. Morgan Securities LLC | $145.5M | 6.91% |
| BofA Securities, Inc. | $142.2M | 6.76% |
| MUFG Securities Americas Inc. | $107.3M | 5.10% |
| Citigroup Global Markets Inc. | $78.2M | 3.72% |
| Goldman Sachs & Co. LLC | $74.1M | 3.52% |
| Mizuho Securities USA LLC | $63.7M | 3.03% |
| Barclays Capital Inc. | $60.1M | 2.86% |
| Truist Securities, Inc. | $47.1M | 2.24% |
MassMutual Inflation-Protected and Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMOOX | C000271050 | 0.15% | none |
| MMOPX | C000271049 | 0.44% | none |
| MIPZX | Class I | 0.49% | none |
| MIPSX | Class R5 | 0.59% | none |
| MMODX | Class Y | 0.59% | none |
| MIPYX | Service Class | 0.69% | none |
| MIPLX | Administrative Class | 0.79% | none |
| MIPRX | Class R4 | 0.94% | none |
| MPSAX | Class A | 0.99% | 4.25% |
| MIPNX | Class R3 | 1.19% | 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.