MMKAX Fees and Costs — MassMutual RetireSMART by JPMorgan 2045 Fund, Class A
Data updated: 2025-02-28
The net expense ratio is 1.03% (1.21% before fee waivers). This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. Portfolio turnover was 41%.
MMKAX Fees and Expenses
Annual operating expenses and sales charges of MMKAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MMKAX Costs Over Time
On $10,000 invested in MMKAX, assuming 5% a year before costs, total costs come to $1,310 over 5 years, cutting the return by 2.25% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.03%) | $102 | $319 | $553 |
| Lost growth on money paid in costs | $28 | $102 | $208 |
| Total costs | $778 | $971 | $1,310 |
| Value after costs | $9,722 | $10,605 | $11,452 |
| Impact on return, per year | 7.78% | 3.02% | 2.25% |
MMKAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $77.3M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
MMKAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fund of Funds | $77.3M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.