MMIUX Fees and Costs — MassMutual Select T. Rowe Price International Equity 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 $812K in broker commissions, 0.0550% of average net assets, and portfolio turnover was 32%.
MMIUX Fees and Expenses
Annual operating expenses and sales charges of MMIUX. 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 |
MMIUX Costs Over Time
On $10,000 invested in MMIUX, assuming 5% a year before costs, total costs come to $35 over 5 years, cutting the return by 0.06% 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) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $19 | $35 |
| Value after costs | $10,494 | $11,557 | $12,728 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
MMIUX 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): 0.0550%
- Total broker commissions: $812K
- Bought from dealers (principal trades, not a cost): $972.3M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $31.5M
- Net income from securities lending: $156K (0.011% of average net assets)
MMIUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $105K | 16.93% |
| Barclays Bank | $91K | 14.73% |
| Morgan Stanley & Co. LLC | $83K | 13.45% |
| Bank of America Merrill Lynch | $77K | 12.46% |
| CITIC Securities Co. Ltd. | $64K | 10.30% |
| Citigroup Inc. | $53K | 8.58% |
| Goldman Sachs & Co. | $48K | 7.78% |
| UBS Group AG | $45K | 7.32% |
| Jefferies LLC | $28K | 4.59% |
| BNP Paribas | $24K | 3.87% |
MMIUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| T. Rowe Price Investment Services, Inc. | $613.5M | 63.10% |
| State Street Bank and Trust Company | $349.8M | 35.98% |
| Morgan Stanley & Co. LLC | $2.9M | 0.30% |
| Citigroup Inc. | $1.7M | 0.17% |
| Goldman Sachs & Co. | $1.6M | 0.17% |
| JPMorgan Chase & Co. | $827K | 0.09% |
| Solid Investment and Financial Co. | $807K | 0.08% |
| Royal Bank of Canada | $397K | 0.04% |
| Instinet, LLC | $343K | 0.04% |
| Bank of Montreal | $341K | 0.04% |
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.