MMUTX Fees and Costs — MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund, Class I
Data updated: 2024-05-30
The net expense ratio is 0.00% (0.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $13K in broker commissions, 0.0092% of average net assets, and portfolio turnover was 123%.
MMUTX Fees and Expenses
Annual operating expenses and sales charges of MMUTX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.12% |
| Fee waiver | −0.12% |
| 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 |
MMUTX Costs Over Time
On $10,000 invested in MMUTX, 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 | $5 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $1 | $3 | $6 |
| Value after costs | $10,499 | $11,573 | $12,757 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
MMUTX 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): 0.0092%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $673.9M
- Portfolio turnover (prospectus): 123%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $21K (0.015% of average net assets)
MMUTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $13K | 100.00% |
MMUTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $228.5M | 39.17% |
| T. Rowe Price Investment Services, Inc. | $67.1M | 11.51% |
| Goldman Sachs & Co. | $62.0M | 10.62% |
| Morgan Stanley & Co. LLC | $61.2M | 10.49% |
| Citigroup Inc. | $34.0M | 5.84% |
| Barclays Bank | $27.3M | 4.68% |
| JPMorgan Chase & Co. | $26.8M | 4.59% |
| Nomura Securities Co., Ltd. | $25.8M | 4.41% |
| Bank of America Merrill Lynch | $25.5M | 4.37% |
| Deutsche Bank AG | $25.1M | 4.31% |
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.