MLUNX Fees and Costs — MassMutual Mid Cap Value Fund, Class R3
Data updated: 2025-02-28
The net expense ratio is 1.39%: a 0.70% management fee, a 0.50% 12b-1 fee plus 0.49% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $55K in broker commissions, 0.0722% of average net assets, and portfolio turnover was 79%.
MLUNX Fees and Expenses
Annual operating expenses and sales charges of MLUNX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.39% |
| 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 |
MLUNX Costs Over Time
On $10,000 invested in MLUNX, assuming 5% a year before costs, total costs come to $906 over 5 years, cutting the return by 1.54% 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 1.39%) | $146 | $453 | $782 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $154 | $500 | $906 |
| Value after costs | $10,346 | $11,076 | $11,857 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
MLUNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0722%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $385.5M
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $3K (0.005% of average net assets)
MLUNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $12K | 29.13% |
| UBS Group AG | $8K | 17.65% |
| JPMorgan Chase & Co. | $6K | 14.47% |
| Morgan Stanley & Co. LLC | $5K | 12.67% |
| Capital Institutional Services, Inc. | $3K | 6.84% |
| Goldman Sachs & Co. | $3K | 6.18% |
| Liquidnet, Inc. | $2K | 3.67% |
| Bernstein Institutional Services LLC | $1K | 3.39% |
| Sanford C. Bernstein & Co., LLC | $1K | 3.20% |
| Robert W. Baird & Co. Inc. | $1K | 2.80% |
MLUNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $383.3M | 99.42% |
| Sanford C. Bernstein & Co., LLC | $1.4M | 0.35% |
| Bank of America Merrill Lynch | $310K | 0.08% |
| Tender Offer | $245K | 0.06% |
| UBS Group AG | $119K | 0.03% |
| Barclays Bank | $99K | 0.03% |
| Morgan Stanley & Co. LLC | $80K | 0.02% |
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.