MMZQX Fees and Costs — MassMutual Clinton Limited Term Municipal Fund, Class Y
Data updated: 2026-08-27
The net expense ratio is 0.39%: a 0.24% management fee plus 0.57% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 41%.
MMZQX Fees and Expenses
Annual operating expenses and sales charges of MMZQX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.39% |
| 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 |
MMZQX Costs Over Time
On $10,000 invested in MMZQX, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
MMZQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $184.1M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
MMZQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $141.4M | 76.95% |
| J.P. Morgan Securities LLC | $22.3M | 12.13% |
| RBC Capital Markets, LLC | $5.4M | 2.92% |
| Wells Fargo Securities, LLC | $4.7M | 2.54% |
| Deutsche Bank Securities Inc. | $2.4M | 1.31% |
| BofA Securities, Inc. | $2.1M | 1.12% |
| Truist Securities, Inc. | $2.0M | 1.09% |
| UBS Securities LLC | $1.2M | 0.68% |
| BNY Capital Markets, LLC | $1.2M | 0.63% |
| Stifel, Nicolaus & Company, Incorporated | $1.1M | 0.61% |
MassMutual Clinton Limited Term Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMZPX | Class I | 0.29% | none |
| MMZQX | Class Y | 0.39% | none |
| MMJDX | Class A | 0.64% | 2.50% |
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.