MMZUX Fees and Costs — MassMutual Clinton Municipal Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.76%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.53% other expenses, less a 0.37% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 1.00%. Portfolio turnover was 36%.
MMZUX Fees and Expenses
Annual operating expenses and sales charges of MMZUX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MMZUX Costs Over Time
On $10,000 invested in MMZUX, assuming 5% a year before costs, total costs come to $785 over 5 years, cutting the return by 1.32% 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 |
| Sales charges | $352 | $250 | $250 |
| Fund expenses (net expense ratio 0.76%) | $78 | $243 | $423 |
| Lost growth on money paid in costs | $12 | $51 | $112 |
| Total costs | $442 | $545 | $785 |
| Value after costs | $10,058 | $11,031 | $11,978 |
| Impact on return, per year | 4.42% | 1.67% | 1.32% |
MMZUX 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): $192.5M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
MMZUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $142.6M | 75.29% |
| J.P. Morgan Securities LLC | $25.0M | 13.22% |
| Goldman Sachs & Co. LLC | $6.4M | 3.39% |
| Wells Fargo Securities, LLC | $5.6M | 2.98% |
| Truist Securities, Inc. | $2.5M | 1.32% |
| BNY Capital Markets, LLC | $2.4M | 1.25% |
| Deutsche Bank Securities Inc. | $1.4M | 0.72% |
| Robert W. Baird & Co. Incorporated | $1.2M | 0.63% |
| Stifel, Nicolaus & Company, Incorporated | $1.1M | 0.60% |
| BofA Securities, Inc. | $1.1M | 0.59% |
MassMutual Clinton 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 |
|---|---|---|---|
| MMZVX | Class I | 0.41% | none |
| MMZWX | Class Y | 0.51% | none |
| MMZUX | Class A | 0.76% | 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.