MLUZX — MassMutual Mid Cap Value Fund
Data updated: 2025-02-28
MLUZX — MassMutual Mid Cap Value Fund. United States Mid Cap Value Equity · $50.35M AUM · 0.69% expense ratio. Holdings, fees, performance and SEC filings.
MLUZX Fund Overview
MLUZX — MassMutual Mid Cap Value Fund is a US mutual fund managed by Massmutual Select Funds, categorised as United States Mid Cap Value 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 Value Equity
- Assets under management: $50.35M
- 1-year return: 10.9%
- Ticker: MLUZX
- SEC CIK: 0000916053
- SEC series ID: S000013194
- Share class ID: C000108422
MLUZX Investment Objective and Strategy
MassMutual Mid Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Massmutual Select Funds.
Investment objective
This Fund seeks growth of capital over the long-term.
Principal investment strategy
The Fund invests primarily in equity securities of mid-capitalization companies that the subadvisers believe are undervalued. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stock, stock futures contracts, stock index futures contracts, rights, and warrants. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the stocks of mid-cap companies. The Funds subadvisers currently define mid-cap companies as those whose market capitalizations at the time of purchase are between $500 million and $40 billion. The Fund typically invests most of its assets in equity securities of U.S. companies, but may gain exposure to non-U.S. issuers, including emerging markets issuers, through the purchase of foreign securities and American Depositary Receipts (ADRs).
The Fund may also invest a portion of its assets in real estate investment trusts (REITs). The Fund may use futures contracts as a substitute for direct investments in equity securities. The Fund may but will not necessarily engage in foreign currency forward contracts to seek to hedge or to attempt to protect against adverse changes in currency exchange rates. Use of derivatives by the Fund may create investment leverage. The Fund may invest a portion of its assets in debt securities of companies and debt obligations of governments and their agencies, and other similar securities. The Fund may hold a portion of its assets in cash or cash equivalents. The Fund is managed by two subadvisers, American Century Investment Management, Inc. (American Century) and Systematic Financial Management, L.P.
(Systematic), each being responsible for a portion of the portfolio, but not necessarily equally weighted. In selecting investments for the Fund, American Century seeks to identify stocks of companies that it believes are undervalued at the time of purchase. American Century uses a value investment strategy that looks for companies that are temporarily out of favor in the market. American Century attempts to purchase the stocks of these undervalued companies and hold each stock until it has returned to favor in the market and the stocks price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. Companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because they have been overlooked by the market.
To identify these companies, American Century looks for companies with earnings, cash flows and/or assets that may not be accurately reflected in the companies values, as determined by the managers. The managers also may consider whether the companies securities have a favorable income-paying history and whether income payments are expected to continue or increase. In selecting securities for the Fund, Systematic utilizes a two-prong, bottom-up investment strategy that unifies quantitative screening and fundamental research. Systematics security selection process generally favors companies with attractive valuation and positive earnings dynamics, and may consider, among other things, a companys financial characteristics, market position, industry position, and management. American Century may sell a stock from the Fund if, for example, in its judgment, a stock no longer meets its valuation criteria, a stocks risk parameters outweigh its return opportunity, more attractive alternatives are identified, or specific events alter a stocks prospects.
Systematic generally may consider selling a stock for the Fund if, for example, in its judgment, the stocks price has appreciated to a level that Systematic considers to be the stocks fair value, its analysis leads Systematic to anticipate downward earnings revisions for a company, a company experiences an unexpected earnings announcement, or Systematic identifies other investment opportunities that it believes to be more attractive. The Fund expects that it will engage in active and frequent trading and so will typically have a relatively high portfolio turnover rate.
MLUZX Holdings
Top 10 holdings of MassMutual Mid Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Repurchase Agreement | 2.84% |
| Zimmer Biomet Holdings, Inc. | 1.49% |
| Evergy, Inc. | 1.40% |
| Centene Corp. | 1.30% |
| Henry Schein, Inc. | 1.18% |
| Conagra Brands, Inc. | 1.16% |
| Allstate Corp. | 1.16% |
| Equity Residential | 1.04% |
| Willis Towers Watson PLC | 1.03% |
| Dominion Energy, Inc. | 0.98% |
MLUZX Portfolio Allocation
Asset-class allocation of MassMutual Mid Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 2.8% |
MLUZX Performance
Total returns for MLUZX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.9% |
| 3 years (annualised) | 4.3% |
| 5 years (annualised) | 7.4% |
MLUZX Risk Information
Risk metrics for MLUZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
MLUZX Costs and Fees
MLUZX costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 0.99%
- Portfolio turnover: 79%
- Brokerage commissions: 7.22 bps of average net assets (SEC N-CEN)
MLUZX Cashflows
Over the 12 months to 2024-12, MassMutual Mid Cap Value Fund had net outflows of $44.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$1.10M |
| 2024-11 | −$843.67K |
| 2024-10 | $4.40M |
| 2024-09 | $3.28K |
| 2024-08 | −$3.28M |
| 2024-07 | −$13.30M |
MLUZX Debt Constituents
No individual debt constituents are reported in MassMutual Mid Cap Value Fund's latest SEC N-PORT filing.
MLUZX Prospectus and SEC Filings
Official MassMutual Mid Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-02
- Prospectus (485BPOS) — filed 2023-01-31
- Prospectus (485BPOS) — filed 2022-01-31
- Portfolio holdings (N-PORT) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Annual census (N-CEN) — filed 2024-12-13
- Annual census (N-CEN) — filed 2023-12-13
Related Funds
Other United States Mid Cap Value 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.