MMFVX Fees and Costs — MassMutual Equity Opportunities Fund, Administrative Class
Data updated: 2025-08-25
The net expense ratio is 1.06%: a 0.69% management fee plus 0.37% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $70K in broker commissions, 0.0113% of average net assets, and portfolio turnover was 31%.
MMFVX Fees and Expenses
Annual operating expenses and sales charges of MMFVX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.06% |
| Fee waiver | — |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MMFVX Costs Over Time
On $10,000 invested in MMFVX, assuming 5% a year before costs, total costs come to $669 over 5 years, cutting the return by 1.12% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $368 | $669 |
| Value after costs | $10,388 | $11,208 | $12,094 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
MMFVX 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): 0.0113%
- Total broker commissions: $70K
- Bought from dealers (principal trades, not a cost): $3.3B
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $2.2M
- Net income from securities lending: $6K (0.001% of average net assets)
MMFVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $15K | 25.66% |
| Bank of America Merrill Lynch | $13K | 22.50% |
| Evercore Group L.L.C. | $6K | 10.01% |
| Morgan Stanley & Co. LLC | $5K | 8.85% |
| Citigroup Inc. | $5K | 7.92% |
| Royal Bank of Canada | $4K | 6.50% |
| JPMorgan Chase & Co. | $4K | 6.43% |
| Barclays Bank | $3K | 4.64% |
| UBS Group AG | $2K | 3.85% |
| Jefferies LLC | $2K | 3.63% |
MMFVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.3B | 99.95% |
| Morgan Stanley & Co. LLC | $1.3M | 0.04% |
| Goldman Sachs & Co. | $381K | 0.01% |
| Barclays Bank | $39K | 0.00% |
| T. Rowe Price Investment Services, Inc. | $8 | 0.00% |
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.