MMEMX — MassMutual Select T. Rowe Price Emerging Markets Bond Fund
Data updated: 2024-05-30
MMEMX — MassMutual Select T. Rowe Price Emerging Markets Bond Fund. Intermediate Total / Aggregate Bond. Holdings, fees, performance and SEC filings.
MMEMX Fund Overview
MMEMX — MassMutual Select T. Rowe Price Emerging Markets Bond Fund is a US mutual fund managed by Massmutual Select Funds, categorised as Intermediate Total / Aggregate Bond. 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: Intermediate Total / Aggregate Bond
- Assets under management: $83.93M
- 1-year return: 13.4%
- Ticker: MMEMX
- SEC CIK: 0000916053
- SEC series ID: S000061107
- Share class ID: C000198049
MMEMX Investment Objective and Strategy
MassMutual Select T. Rowe Price Emerging Markets Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Massmutual Select Funds.
Investment objective
The Fund seeks to provide high income and capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in debt securities of emerging market governments or companies located in emerging market countries (including so-called frontier markets). The Funds investments in debt securities typically consist of corporate and sovereign bonds. Debt securities in which the Fund invests may pay interest at fixed, variable, or floating rates. The Fund relies on a classification by either J.P. Morgan or the International Monetary Fund to determine which countries are considered emerging markets. The Fund may invest in securities denominated in U.S.-dollar or foreign currencies, including emerging market currencies. The Fund normally will invest in at least three countries.
The Fund may invest in debt securities of any credit quality and may invest without limit in below investment grade debt securities (junk or high yield bonds), including securities in default. These junk or high yield bonds include those that are at the time of investment rated BB+ or lower by S&P or Ba1 or lower by Moodys or the equivalent by any other nationally recognized statistical rating organization or are unrated and considered by the Funds subadviser, T. Rowe Price Associates, Inc. (T. Rowe Price), to be of comparable quality. Although the Fund expects to maintain an intermediate- to long-term weighted average maturity, there are no maturity restrictions on the overall portfolio or on individual securities. The Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter derivatives, for hedging purposes, to adjust various portfolio characteristics, including the duration (interest rate volatility) of the Funds portfolio, or as a substitute for direct investments in securities.
Such derivatives may include futures contracts, interest rate swaps, total return swaps, credit default swaps, and options. The Fund may also, but will not necessarily, engage in foreign currency transactions, including forward contracts, options on currencies, futures contracts, and swap contracts, to seek to hedge or to attempt to protect against adverse changes in currency exchange rates or otherwise to adjust the currency exposures within the Funds portfolio. Use of derivatives by the Fund may create investment leverage. The Fund may hold a portion of its assets in cash or cash equivalents. The Fund is non-diversified, which means that it may hold larger positions in a smaller number of issuers than a diversified fund. In selecting securities, T. Rowe Price relies heavily on research, which analyzes political and economic trends as well as creditworthiness of particular issuers.
T. Rowe Price tends to favor bonds it expects will be upgraded. T. Rowe Price may sell securities for a variety of reasons, such as to adjust its average maturity or credit quality, to shift assets into and out of higher-yielding securities, or to alter geographic or currency exposure.
MMEMX Holdings
Top 10 holdings of MassMutual Select T. Rowe Price Emerging Markets Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Republic Of Panama | 1.74% |
| Ivory Coast | 1.61% |
| Export Import Bk India | 1.60% |
| Perusahaan Penerbit Sbsn | 1.59% |
| Republic Of Indonesia | 1.56% |
| State Street Navigator Securities Lending Trust | 1.53% |
| China Government Bond | 1.50% |
| Mex Bonos Desarr Fix Rt | 1.49% |
| Dominican Republic | 1.15% |
| Kingdom Of Jordan | 1.09% |
MMEMX Portfolio Allocation
Asset-class allocation of MassMutual Select T. Rowe Price Emerging Markets Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.1% |
| Cash & Equivalents | 2.6% |
MMEMX Performance
Total returns for MMEMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 13.4% |
| 3 years (annualised) | -0.3% |
MMEMX Risk Information
Risk metrics for MMEMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
MMEMX Costs and Fees
MMEMX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.25%
- Portfolio turnover: 28%
- Brokerage commissions: 0.17 bps of average net assets (SEC N-CEN)
MMEMX Cashflows
Over the 12 months to 2024-03, MassMutual Select T. Rowe Price Emerging Markets Bond Fund had net outflows of $2.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$217.98K |
| 2024-02 | −$482.76K |
| 2024-01 | −$65.74K |
| 2023-12 | −$1.24M |
| 2023-11 | −$1.77M |
| 2023-10 | $4.33M |
MMEMX Debt Constituents
Largest debt holdings of MassMutual Select T. Rowe Price Emerging Markets Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Republic Of Panama | 1.74% |
| Ivory Coast | 1.61% |
| Export Import Bk India | 1.60% |
| Perusahaan Penerbit Sbsn | 1.59% |
| Republic Of Indonesia | 1.56% |
| China Government Bond | 1.50% |
| Mex Bonos Desarr Fix Rt | 1.49% |
| Dominican Republic | 1.15% |
| Kingdom Of Jordan | 1.09% |
| Republic Of Angola | 1.06% |
MMEMX Prospectus and SEC Filings
Official MassMutual Select T. Rowe Price Emerging Markets Bond 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 2024-05-30
- Portfolio holdings (N-PORT) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Annual census (N-CEN) — filed 2023-12-13
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other Intermediate Total / Aggregate Bond 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.