MPASX Fees and Costs — MassMutual Strategic Emerging Markets Fund, Class A
Data updated: 2025-02-28
The net expense ratio is 1.65%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.63% other expenses, less a 0.23% fee waiver. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $214K in broker commissions, 0.2147% of average net assets, and portfolio turnover was 38%.
MPASX Fees and Expenses
Annual operating expenses and sales charges of MPASX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.65% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
MPASX Costs Over Time
On $10,000 invested in MPASX, assuming 5% a year before costs, total costs come to $1,785 over 5 years, cutting the return by 3.12% 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 | $647 | $550 | $550 |
| Fund expenses (net expense ratio 1.65%) | $164 | $506 | $870 |
| Trading costs (broker commissions) | $21 | $66 | $113 |
| Lost growth on money paid in costs | $28 | $115 | $252 |
| Total costs | $860 | $1,237 | $1,785 |
| Value after costs | $9,640 | $10,339 | $10,978 |
| Impact on return, per year | 8.60% | 3.88% | 3.12% |
MPASX 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): 0.2147%
- Total broker commissions: $214K
- Bought from dealers (principal trades, not a cost): $725.6M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $3K (0.003% of average net assets)
MPASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $37K | 22.19% |
| Morgan Stanley & Co. LLC | $24K | 14.71% |
| Bank of America Merrill Lynch | $24K | 14.53% |
| Citigroup Inc. | $18K | 11.07% |
| Jefferies LLC | $16K | 9.93% |
| The Hongkong and Shanghai Banking Corporation Limited | $15K | 8.79% |
| Goldman Sachs & Co. | $10K | 6.13% |
| UBS Group AG | $7K | 4.44% |
| Mirae Asset Securities | $7K | 4.39% |
| Hanwa Investment & Securities Co., Ltd. | $6K | 3.83% |
MPASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $724.3M | 99.81% |
| Bank of America Merrill Lynch | $383K | 0.05% |
| Axos Clearing, LLC | $379K | 0.05% |
| Euroclear Bank SA/NV | $225K | 0.03% |
| Goldman Sachs & Co. | $189K | 0.03% |
| Tender Offer | $132K | 0.02% |
| The Bank of New York | $62K | 0.01% |
| The Bank of Nova Scotia | $4 | 0.00% |
| UBS Group AG | $1 | 0.00% |
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.