MMLDX Fees and Costs — MassMutual Select T. Rowe Price Limited Duration Inflation Focused Bond Fund, Class I
Data updated: 2024-05-30
The net expense ratio is 0.00% (0.10% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $19K in broker commissions, 0.0101% of average net assets, and portfolio turnover was 153%.
MMLDX Fees and Expenses
Annual operating expenses and sales charges of MMLDX. Prospectus, as of January 31, 2024.
| 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 |
MMLDX Costs Over Time
On $10,000 invested in MMLDX, assuming 5% a year before costs, total costs come to $6 over 5 years, cutting the return by 0.01% 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) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $1 | $4 | $6 |
| Value after costs | $10,499 | $11,573 | $12,756 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
MMLDX 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): 0.0101%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 153%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $12K (0.006% of average net assets)
MMLDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $19K | 100.00% |
MMLDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $337.5M | 29.19% |
| T. Rowe Price Investment Services, Inc. | $227.4M | 19.67% |
| JPMorgan Chase & Co. | $182.5M | 15.79% |
| Citigroup Inc. | $89.8M | 7.77% |
| Morgan Stanley & Co. LLC | $83.8M | 7.25% |
| Goldman Sachs & Co. | $57.0M | 4.93% |
| Citadel Securities LLC | $53.9M | 4.66% |
| The Bank of New York | $45.9M | 3.97% |
| Nomura Securities Co., Ltd. | $39.7M | 3.44% |
| UBS Group AG | $38.5M | 3.33% |
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.