MMNKX Fees and Costs — MassMutual Small Cap Value Equity Fund, Class Y
Data updated: 2025-02-28
The net expense ratio is 1.20%: a 0.75% management fee plus 0.61% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $30K in broker commissions, 0.0685% of average net assets, and portfolio turnover was 47%.
MMNKX Fees and Expenses
Annual operating expenses and sales charges of MMNKX. Prospectus, as of June 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MMNKX Costs Over Time
On $10,000 invested in MMNKX, assuming 5% a year before costs, total costs come to $789 over 5 years, cutting the return by 1.33% 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 1.20%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $7 | $22 | $39 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $435 | $789 |
| Value after costs | $10,367 | $11,141 | $11,974 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
MMNKX 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): 0.0685%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $237.2M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $2K (0.006% of average net assets)
MMNKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Capital Institutional Services, Inc. | $4K | 22.88% |
| Liquidnet, Inc. | $2K | 12.13% |
| Piper Jaffray & Co. | $2K | 11.29% |
| Royal Bank of Canada | $1K | 8.55% |
| JPMorgan Chase & Co. | $1K | 7.70% |
| Cowen and Company, LLC | $1K | 7.67% |
| Stifel, Nicolaus & Company, Inc. | $1K | 7.58% |
| William Blair & Company, L.L.C. | $1K | 7.57% |
| Citigroup Inc. | $1K | 7.33% |
| Instinet, LLC | $1K | 7.30% |
MMNKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $237.2M | 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.