MMBEX Fees and Costs — MassMutual Select T. Rowe Price Bond Asset Fund, Class I
Data updated: 2025-08-25
The net expense ratio is 0.00% (0.10% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $51K in broker commissions, 0.0088% of average net assets, and portfolio turnover was 171%.
MMBEX Fees and Expenses
Annual operating expenses and sales charges of MMBEX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.10% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.00% |
| 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 |
MMBEX Costs Over Time
On $10,000 invested in MMBEX, assuming 5% a year before costs, total costs come to $6 over 5 years, cutting the return by 0.01% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $1 | $3 | $6 |
| Value after costs | $10,499 | $11,573 | $12,757 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
MMBEX 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): 0.0088%
- Total broker commissions: $51K
- Bought from dealers (principal trades, not a cost): $5.7B
- Portfolio turnover (prospectus): 171%
- Securities on loan, average value: $4.2M
- Net income from securities lending: $24K (0.004% of average net assets)
MMBEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $51K | 100.00% |
MMBEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $2.9B | 53.73% |
| T. Rowe Price Investment Services, Inc. | $494.5M | 9.23% |
| Morgan Stanley & Co. LLC | $424.1M | 7.92% |
| State Street Bank and Trust Company | $355.1M | 6.63% |
| Wells Fargo Securities, LLC | $326.0M | 6.09% |
| Goldman Sachs & Co. | $322.5M | 6.02% |
| Citigroup Inc. | $248.6M | 4.64% |
| Bank of America Merrill Lynch | $118.8M | 2.22% |
| Barclays Bank | $103.7M | 1.94% |
| Nomura Securities Co., Ltd. | $84.6M | 1.58% |
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.