MMNEX — MassMutual Fundamental Value Fund
Data updated: 2024-11-27
MMNEX — MassMutual Fundamental Value Fund. United States Value Equity · 0.78% expense ratio · 26.6% 1-yr return. Holdings, fees, performance and SEC filings.
MMNEX Fund Overview
MMNEX — MassMutual Fundamental Value Fund is a US mutual fund managed by Massmutual Select Funds, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Massmutual Select Funds
- Category: United States Value Equity
- 1-year return: 26.6%
- Ticker: MMNEX
- SEC CIK: 0000916053
- SEC series ID: S000003659
- Share class ID: C000240789
MMNEX Investment Objective and Strategy
MassMutual Fundamental Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Massmutual Select Funds.
Investment objective
The Fund seeks long-term total return.
Principal investment strategy
"The Fund invests primarily in equity securities of issuers that the Fund's subadvisers believe are undervalued. The Fund is managed by two subadvisers, Wellington Management Company LLP (""Wellington Management"") and Barrow, Hanley, Mewhinney & Strauss, LLC (""Barrow Hanley""), each being responsible for a portion of the portfolio, but not necessarily equally weighted. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stocks, rights, and warrants. Although the Fund may invest in companies of any size, the Fund will tend to focus on companies with large market capitalizations (which the Fund's subadvisers believe are generally above $2 billion).
The Fund may invest up to 20% of its total assets in the securities of foreign issuers and American Depositary Receipts (""ADRs""), including emerging market securities. The Fund may at times invest a substantial portion of its assets in obligations of issuers in one or more market, economic, or industry sectors. The Fund may hold a portion of its assets in cash or cash equivalents. Wellington Management generally employs a bottom-up investment approach based on fundamental analysis of companies with large market capitalizations and estimated below-average projected price-to-earnings ratio. Based on its assessment of various company-specific factors, such as its business environment, management, balance sheet, income statement, cash flow, anticipated earnings, hidden or undervalued assets, dividends, and other related measures of value, Wellington Management seeks to identify what it considers to be overlooked or misunderstood companies with sound fundamentals.
Wellington Management generally focuses on what it believes are securities of viable, growing businesses with good financial strength in industries that are temporarily out of favor and under-researched by institutions, but provide the potential for above-average total returns and sell at estimated below-average price-to-earnings multiples. Market timing is not employed, and limited consideration is given to macroeconomic analysis in establishing sector and industry weightings. Wellington Management may sell existing holdings as they approach their price targets. Barrow Hanley employs a value-based investment approach and may perform a number of analyses in considering whether to buy or sell a security for the Fund. In selecting investments for the Fund, Barrow Hanley typically seeks to exploit market inefficiencies by using proprietary research to identify primarily large capitalization companies that it considers to be undervalued and to have the potential to generate superior returns while subjecting the Fund to below average levels of risk.
Barrow Hanley typically invests in approximately 30-45 securities. Stocks purchased typically have a 25-year history of paying cash dividends. Barrow Hanley may consider selling a stock for the Fund if, in its judgment, the security has reached its valuation target, the company's fundamentals begin to deteriorate, or other opportunities appear more attractive."
MMNEX Holdings
Top 10 holdings of MassMutual Fundamental Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JPMorgan Chase + Co. | 3.03% |
| Oracle Corp. | 2.41% |
| Philip Morris International | 2.38% |
| Fidelity National Info Serv | 2.16% |
| Berkshire Hathaway, Inc. Cl B | 2.15% |
| Wells Fargo + Co. | 1.95% |
| Alphabet, Inc. Cl A | 1.82% |
| Unitedhealth Group, Inc. | 1.75% |
| Phillips 66 | 1.60% |
| Chubb Ltd. | 1.50% |
MMNEX Portfolio Allocation
Asset-class allocation of MassMutual Fundamental Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 1.7% |
MMNEX Performance
Total returns for MMNEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 26.6% |
MMNEX Risk Information
Risk metrics for MMNEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.1%
MMNEX Costs and Fees
MMNEX costs about $78 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.78%
- Gross expense ratio: 0.78%
- Portfolio turnover: 34%
- Brokerage commissions: 3.12 bps of average net assets (SEC N-CEN)
MMNEX Cashflows
Over the 12 months to 2024-09, MassMutual Fundamental Value Fund had net outflows of $437.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$5.00M |
| 2024-08 | −$3.52M |
| 2024-07 | −$405.69M |
| 2024-06 | −$4.48M |
| 2024-05 | −$3.13M |
| 2024-04 | −$6.82M |
MMNEX Debt Constituents
No individual debt constituents are reported in MassMutual Fundamental Value Fund's latest SEC N-PORT filing.
MMNEX Prospectus and SEC Filings
Official MassMutual Fundamental Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-02
- Prospectus (485BPOS) — filed 2023-01-31
- Prospectus (485BPOS) — filed 2022-01-31
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Portfolio holdings (N-PORT) — filed 2024-05-30
- Annual census (N-CEN) — filed 2023-12-13
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other United States Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.