MMEMX Fees and Costs — MassMutual Select T. Rowe Price Emerging Markets Bond Fund, Class I
Data updated: 2024-05-30
The net expense ratio is 0.00% (0.25% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 28%.
MMEMX Fees and Expenses
Annual operating expenses and sales charges of MMEMX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.25% |
| Fee waiver | −0.25% |
| 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 |
MMEMX Costs Over Time
On $10,000 invested in MMEMX, assuming 5% a year before costs, total costs come to $1 over 5 years, cutting the return by 0.00% 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) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $1 | $1 |
| Value after costs | $10,500 | $11,576 | $12,762 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
MMEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0017%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $322.5M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $5K (0.006% of average net assets)
MMEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $1K | 100.00% |
MMEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $259.0M | 82.98% |
| T. Rowe Price Investment Services, Inc. | $18.0M | 5.76% |
| Citigroup Inc. | $7.0M | 2.26% |
| Barclays Bank | $5.8M | 1.87% |
| Goldman Sachs & Co. | $5.8M | 1.87% |
| JPMorgan Chase & Co. | $4.4M | 1.42% |
| The Hongkong and Shanghai Banking Corporation Limited | $4.2M | 1.34% |
| Bank of America Merrill Lynch | $3.7M | 1.20% |
| Morgan Stanley & Co. LLC | $2.6M | 0.83% |
| Deutsche Bank AG | $1.5M | 0.47% |
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.