MSSAX Fees and Costs — MassMutual Main Street Fund, Class A
Data updated: 2024-08-29
The net expense ratio is 1.39%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.59% other expenses. 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 2023 the fund paid $29K in broker commissions, 0.0406% of average net assets, and portfolio turnover was 69%.
MSSAX Fees and Expenses
Annual operating expenses and sales charges of MSSAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.39% |
| Fee waiver | — |
| Net expense ratio | 1.39% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MSSAX Costs Over Time
On $10,000 invested in MSSAX, assuming 5% a year before costs, total costs come to $1,540 over 5 years, cutting the return by 2.67% 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 | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.39%) | $138 | $428 | $740 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $28 | $109 | $229 |
| Total costs | $817 | $1,100 | $1,540 |
| Value after costs | $9,683 | $10,477 | $11,222 |
| Impact on return, per year | 8.17% | 3.44% | 2.67% |
MSSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0406%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $220.6M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $150K
- Net income from securities lending: $11K (0.015% of average net assets)
MSSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $3K | 15.66% |
| UBS Group AG | $3K | 14.37% |
| Goldman Sachs & Co. | $3K | 13.44% |
| Citigroup Inc. | $3K | 12.86% |
| Morgan Stanley & Co. LLC | $3K | 11.83% |
| JPMorgan Chase & Co. | $2K | 8.42% |
| Cowen and Company, LLC | $2K | 7.32% |
| Wells Fargo Securities, LLC | $1K | 5.58% |
| Pershing LLC | $1K | 5.51% |
| Royal Bank of Canada | $1K | 5.01% |
MSSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $220.6M | 100.00% |
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.