MMRFX Fees and Costs — MassMutual Select T. Rowe Price Real Assets Fund, Class I
Data updated: 2025-08-25
The net expense ratio is 0.00% (0.09% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $203K in broker commissions, 0.0592% of average net assets, and portfolio turnover was 55%.
MMRFX Fees and Expenses
Annual operating expenses and sales charges of MMRFX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.09% |
| Fee waiver | −0.09% |
| 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 |
MMRFX Costs Over Time
On $10,000 invested in MMRFX, assuming 5% a year before costs, total costs come to $38 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 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $21 | $38 |
| Value after costs | $10,494 | $11,556 | $12,725 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
MMRFX 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): 0.0592%
- Total broker commissions: $203K
- Bought from dealers (principal trades, not a cost): $944.9M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $17.8M
- Net income from securities lending: $66K (0.019% of average net assets)
MMRFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $27K | 21.46% |
| Goldman Sachs & Co. | $17K | 13.85% |
| Bank of Montreal | $11K | 8.99% |
| Morgan Stanley & Co. LLC | $11K | 8.88% |
| Royal Bank of Canada | $11K | 8.74% |
| Bank of America Merrill Lynch | $10K | 8.14% |
| The Bank of Nova Scotia | $10K | 8.13% |
| Jefferies LLC | $10K | 7.72% |
| Citigroup Inc. | $10K | 7.62% |
| UBS Group AG | $8K | 6.47% |
MMRFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $400.6M | 42.66% |
| State Street Bank and Trust Company | $257.9M | 27.46% |
| T. Rowe Price Investment Services, Inc. | $218.6M | 23.27% |
| Goldman Sachs & Co. | $37.5M | 3.99% |
| R. H. Moulton & Co. | $7.5M | 0.80% |
| Bank of America Merrill Lynch | $7.1M | 0.75% |
| JPMorgan Chase & Co. | $3.5M | 0.38% |
| Societe Generale | $2.4M | 0.26% |
| Citigroup Inc. | $2.1M | 0.22% |
| Royal Bank of Canada | $2.1M | 0.22% |
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.