MSZIX Fees and Costs — MassMutual Main Street Fund, Class I
Data updated: 2024-08-29
The net expense ratio is 0.89%: a 0.55% management fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $29K in broker commissions, 0.0406% of average net assets, and portfolio turnover was 69%.
MSZIX Fees and Expenses
Annual operating expenses and sales charges of MSZIX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MSZIX Costs Over Time
On $10,000 invested in MSZIX, assuming 5% a year before costs, total costs come to $583 over 5 years, cutting the return by 0.98% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $583 |
| Value after costs | $10,402 | $11,256 | $12,180 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
MSZIX 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)
MSZIX 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% |
MSZIX 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.