MMUTX — MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund
Data updated: 2024-05-30
MMUTX — MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund. Long Treasury / Sovereign Bond. Holdings, fees, performance and SEC filings.
MMUTX Fund Overview
MMUTX — MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund is a US mutual fund managed by Massmutual Select Funds, categorised as Long Treasury / Sovereign Bond. 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: Long Treasury / Sovereign Bond
- Assets under management: $150.05M
- 1-year return: -6.4%
- Ticker: MMUTX
- SEC CIK: 0000916053
- SEC series ID: S000061113
- Share class ID: C000198058
MMUTX Investment Objective and Strategy
MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index 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 a high level of income consistent with capital preservation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 85% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. Government and in repurchase agreements on U.S. Treasury securities. The Funds subadviser, T. Rowe Price Associates, Inc. (T. Rowe Price), invests the remainder of the Funds assets in other securities backed by the full faith and credit of the U.S. Government, in repurchase agreements on such securities, and in shares of a T. Rowe Price internal money fund or short-term bond fund that invests exclusively in securities backed by the full faith and credit of the U.S. Government. Securities backed by the full faith and credit of the U.S. Government include, without limitation, securities issued by Government National Mortgage Association and other government agencies and certain corporate debt securities guaranteed by U.S.
Government agencies. The dollar-weighted average maturity of the Funds portfolio is expected to vary between 15 and 20 years, but may range from 10 to 30 years. U.S. Treasury securities in which the Fund may invest include Treasury bills, notes, and bonds, including Treasury inflation protected securities. The Fund may use derivatives to adjust its sensitivity to interest rate changes and to gain exposure to U.S. Treasury security prices. Such instruments include U.S. Treasury futures, which are futures contracts on U.S. Treasury bonds or notes, Treasury STRIPS (which are zero-coupon securities created by separating the principal and interest payments on U.S. Treasury securities), interest rate swaps, and options. Use of derivatives by the Fund may create investment leverage. The Fund may purchase and sell securities on a when-issued, delayed delivery, to-be-announced, or forward committment basis.
T. Rowe Price may sell securities for a variety of reasons, such as to adjust the portfolios average maturity or to shift assets into and out of higher-yielding securities.
MMUTX Holdings
Top 10 holdings of MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US Treasury N/b | 8.83% |
| US Treasury N/b | 5.51% |
| US Treasury N/b | 5.48% |
| US Treasury N/b | 4.71% |
| US Treasury N/b | 4.50% |
| US Treasury N/b | 4.20% |
| US Treasury N/b | 3.97% |
| US Treasury N/b | 3.79% |
| US Treasury N/b | 3.51% |
| US Treasury N/b | 3.48% |
MMUTX Portfolio Allocation
Asset-class allocation of MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.1% |
| Cash & Equivalents | 3.3% |
MMUTX Performance
Total returns for MMUTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.4% |
| 3 years (annualised) | -8.5% |
MMUTX Risk Information
Risk metrics for MMUTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.8%
MMUTX Costs and Fees
MMUTX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.12%
- Portfolio turnover: 123%
- Brokerage commissions: 0.92 bps of average net assets (SEC N-CEN)
MMUTX Cashflows
Over the 12 months to 2024-03, MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund had net inflows of $24.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $496.94K |
| 2024-02 | −$551.04K |
| 2024-01 | $184.65K |
| 2023-12 | −$1.67M |
| 2023-11 | −$2.98M |
| 2023-10 | $4.45M |
MMUTX Debt Constituents
Largest debt holdings of MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 8.83% |
| US Treasury N/b | 5.51% |
| US Treasury N/b | 5.48% |
| US Treasury N/b | 4.71% |
| US Treasury N/b | 4.50% |
| US Treasury N/b | 4.20% |
| US Treasury N/b | 3.97% |
| US Treasury N/b | 3.79% |
| US Treasury N/b | 3.51% |
| US Treasury N/b | 3.48% |
MMUTX Prospectus and SEC Filings
Official MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index 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 2024-05-30
- Portfolio holdings (N-PORT) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Annual census (N-CEN) — filed 2023-12-13
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other Long Treasury / Sovereign Bond 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.