MSCLX Fees and Costs — MassMutual Small Cap Opportunities Fund, Administrative Class
Data updated: 2026-08-27
The net expense ratio is 0.95%: a 0.56% management fee plus 0.39% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $307K in broker commissions, 0.0693% of average net assets, and portfolio turnover was 40%.
MSCLX Fees and Expenses
Annual operating expenses and sales charges of MSCLX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 | No |
| Waived fees subject to recoupment | No |
MSCLX Costs Over Time
On $10,000 invested in MSCLX, assuming 5% a year before costs, total costs come to $637 over 5 years, cutting the return by 1.07% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $350 | $637 |
| Value after costs | $10,393 | $11,226 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
MSCLX 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): 0.0693%
- Total broker commissions: $307K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $53.1M
- Net income from securities lending: $67K (0.015% of average net assets)
MSCLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $85K | 30.00% |
| Morgan Stanley & Co. LLC | $52K | 18.43% |
| J.P. Morgan Securities LLC | $41K | 14.71% |
| UBS Securities LLC | $32K | 11.47% |
| Citigroup Global Markets Inc. | $31K | 11.10% |
| Barclays Capital Inc. | $12K | 4.28% |
| Sanford C. Bernstein & Co., LLC | $8K | 2.90% |
| Jefferies LLC | $8K | 2.90% |
| Piper Sandler & Co. | $7K | 2.38% |
| Truist Securities, Inc. | $5K | 1.82% |
MSCLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.0B | 99.91% |
| Goldman Sachs & Co. LLC | $773K | 0.04% |
| J.P. Morgan Securities LLC | $533K | 0.03% |
| BofA Securities, Inc. | $389K | 0.02% |
MassMutual Small Cap Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSOOX | Class I | 0.65% | none |
| MMOGX | Class Y | 0.75% | none |
| MSCDX | Class R5 | 0.75% | none |
| MSVYX | Service Class | 0.85% | none |
| MSCLX | Administrative Class | 0.95% | none |
| MOORX | Class R4 | 1.10% | none |
| DLBMX | Class A | 1.15% | 5.50% |
| MCCRX | Class R3 | 1.35% | none |
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.