MSDNX Fees and Costs — MassMutual Short-Duration Bond Fund, Class R3
Data updated: 2026-08-27
The net expense ratio is 1.16%: a 0.35% management fee, a 0.50% 12b-1 fee plus 0.43% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0146% of average net assets, and portfolio turnover was 47%.
MSDNX Fees and Expenses
Annual operating expenses and sales charges of MSDNX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.16% |
| 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 |
MSDNX Costs Over Time
On $10,000 invested in MSDNX, assuming 5% a year before costs, total costs come to $732 over 5 years, cutting the return by 1.23% 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 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $732 |
| Value after costs | $10,377 | $11,173 | $12,031 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
MSDNX 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): 0.0146%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $12K (0.008% of average net assets)
MSDNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $22K | 100.00% |
MSDNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $719.4M | 67.35% |
| BNY Capital Markets, LLC | $93.4M | 8.75% |
| Wells Fargo Securities, LLC | $55.4M | 5.18% |
| J.P. Morgan Securities LLC | $40.4M | 3.78% |
| Goldman Sachs & Co. LLC | $40.3M | 3.77% |
| BofA Securities, Inc. | $35.3M | 3.30% |
| Mizuho Securities USA LLC | $29.2M | 2.74% |
| Barclays Capital Inc. | $26.9M | 2.52% |
| RBC Capital Markets, LLC | $14.3M | 1.34% |
| MUFG Securities Americas Inc. | $13.4M | 1.26% |
MassMutual Short-Duration Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BXDMX | C000271051 | 0.23% | none |
| BXDNX | C000271052 | 0.41% | none |
| MSTZX | Class I | 0.46% | none |
| BXDYX | Class Y | 0.51% | none |
| MSTDX | Class R5 | 0.56% | none |
| MSBYX | Service Class | 0.66% | none |
| BXDLX | Class L | 0.76% | 2.50% |
| MSTLX | Administrative Class | 0.76% | none |
| MPSDX | Class R4 | 0.91% | none |
| MSHAX | Class A | 0.96% | 2.50% |
| BXDCX | Class C | 1.01% | none |
| MSDNX | Class R3 | 1.16% | 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.