MPZRX Fees and Costs — MassMutual Strategic Emerging Markets Fund, Class R3
Data updated: 2025-02-28
The net expense ratio is 1.85%: a 1.00% management fee, a 0.50% 12b-1 fee plus 0.58% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $214K in broker commissions, 0.2147% of average net assets, and portfolio turnover was 38%.
MPZRX Fees and Expenses
Annual operating expenses and sales charges of MPZRX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.58% |
| Gross expense ratio | 2.08% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.85% |
| 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 |
MPZRX Costs Over Time
On $10,000 invested in MPZRX, assuming 5% a year before costs, total costs come to $1,264 over 5 years, cutting the return by 2.17% 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 1.85%) | $194 | $599 | $1,028 |
| Trading costs (broker commissions) | $23 | $70 | $119 |
| Lost growth on money paid in costs | $0 | $33 | $117 |
| Total costs | $217 | $702 | $1,264 |
| Value after costs | $10,283 | $10,874 | $11,499 |
| Impact on return, per year | 2.17% | 2.17% | 2.17% |
MPZRX 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)
MPZRX 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% |
MPZRX 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.