MassMutual U.S. Government Money Market Fund
Fund
MKSXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.6%
1 yr return
4.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$145 M
Holdings in Top 10
70.5%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MKSXX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMassMutual U.S. Government Money Market Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateJun 26, 2019
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Simler
Fund Description
Principal Investment Strategies
The Fund normally invests at least 99.5% of its total assets in cash, U.S. Government securities, and/or repurchase agreements fully collateralized by cash or U.S. Government securities.
In managing the Fund, the Fund’s subadviser, Barings LLC (“Barings”), intends to comply with Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”), which sets forth the requirements for money market funds regarding credit quality, diversification, liquidity, and maturity. The Fund seeks to maintain, but does not guarantee, a stable $1.00 share price.
Under normal circumstances, the Fund invests at least 80% of its net assets in U.S. Government securities and repurchase agreements that are fully collateralized by U.S. Government securities. U.S. Government securities are high-quality securities issued or guaranteed by the U.S. Treasury or by an agency or instrumentality of the U.S. Government. U.S. Government securities may be backed by the full faith and credit of the U.S. Treasury, the right to borrow from the U.S. Treasury, or the agency or instrumentality issuing or guaranteeing the security. Certain issuers of U.S. Government securities, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by the U.S. Treasury.
MKSXX - Performance
Return Ranking - Trailing
| Period | MKSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | 0.0% | 2.2% | 71.71% |
| 1 Yr | 4.8% | 0.5% | 5.7% | 70.22% |
| 3 Yr | N/A* | 0.7% | 2.8% | 60.55% |
| 5 Yr | N/A* | 0.7% | 110.6% | 77.39% |
| 10 Yr | N/A* | 0.3% | 32.1% | 75.49% |
* Annualized
Return Ranking - Calendar
| Period | MKSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | -0.1% | 5.0% | 73.13% |
| 2022 | 0.0% | 0.0% | 1.2% | 75.32% |
| 2021 | N/A | 0.0% | 0.0% | 76.78% |
| 2020 | N/A | 0.0% | 0.4% | 77.46% |
| 2019 | N/A | 0.0% | 2.0% | 76.85% |
Total Return Ranking - Trailing
| Period | MKSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | 0.0% | 2.2% | 71.71% |
| 1 Yr | 4.8% | 0.5% | 5.7% | 70.22% |
| 3 Yr | N/A* | 0.7% | 2.8% | 60.55% |
| 5 Yr | N/A* | 0.7% | 110.6% | 76.80% |
| 10 Yr | N/A* | 0.3% | 32.1% | 75.49% |
* Annualized
Total Return Ranking - Calendar
| Period | MKSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.9% | 0.8% | 5.9% | 64.18% |
| 2022 | 1.2% | 0.0% | 1.8% | 55.73% |
| 2021 | N/A | 0.0% | 1.9% | 76.78% |
| 2020 | N/A | 0.0% | 3.0% | 77.46% |
| 2019 | N/A | 0.0% | 3797.9% | 76.57% |
NAV & Total Return History
MKSXX - Holdings
Concentration Analysis
| MKSXX | Category Low | Category High | MKSXX % Rank | |
|---|---|---|---|---|
| Net Assets | 145 M | 818 K | 211 B | 71.97% |
| Number of Holdings | 25 | 1 | 346 | 74.11% |
| Net Assets in Top 10 | 152 M | -343 K | 163 B | 98.34% |
| Weighting of Top 10 | 70.53% | 22.7% | 100.0% | 44.01% |
Top 10 Holdings
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
- 2022-01-03 0.04% Repo - 03jan22 17.22%
Asset Allocation
| Weighting | Return Low | Return High | MKSXX % Rank | |
|---|---|---|---|---|
| Cash | 61.08% | 25.56% | 100.00% | 96.92% |
| Bonds | 38.92% | 0.00% | 74.44% | 2.37% |
| Stocks | 0.00% | 0.00% | 0.00% | 73.93% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 70.14% |
| Other | 0.00% | -1.67% | 0.04% | 68.25% |
| Convertible Bonds | 0.00% | 0.00% | 21.22% | 70.85% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MKSXX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 61.84% | 0.00% | 100.00% | 94.08% |
| Government | 38.16% | 0.00% | 44.01% | 1.66% |
| Derivative | 0.00% | 0.00% | 0.00% | 67.54% |
| Securitized | 0.00% | 0.00% | 1.75% | 68.01% |
| Corporate | 0.00% | 0.00% | 100.00% | 74.17% |
| Municipal | 0.00% | 0.00% | 22.71% | 70.38% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MKSXX % Rank | |
|---|---|---|---|---|
| US | 38.92% | 0.00% | 72.86% | 2.37% |
| Non US | 0.00% | 0.00% | 3.41% | 73.93% |
MKSXX - Expenses
Operational Fees
| MKSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.08% | 4.53% | 22.67% |
| Management Fee | 0.35% | 0.03% | 0.50% | 93.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.55% | 63.39% |
Sales Fees
| MKSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MKSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 5.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MKSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 485.00% | N/A |
MKSXX - Distributions
Dividend Yield Analysis
| MKSXX | Category Low | Category High | MKSXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.56% | 74.88% |
Dividend Distribution Analysis
| MKSXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MKSXX | Category Low | Category High | MKSXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.00% | -1.09% | 1.67% | 94.87% |
Capital Gain Distribution Analysis
| MKSXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.004 | OrdinaryDividend |
| Feb 29, 2024 | $0.004 | OrdinaryDividend |
| Jan 31, 2024 | $0.004 | OrdinaryDividend |
| Dec 29, 2023 | $0.004 | OrdinaryDividend |
| Nov 30, 2023 | $0.004 | OrdinaryDividend |
| Oct 31, 2023 | $0.004 | OrdinaryDividend |
| Sep 29, 2023 | $0.004 | OrdinaryDividend |
| Aug 31, 2023 | $0.004 | OrdinaryDividend |
| Jul 31, 2023 | $0.004 | OrdinaryDividend |
| Jun 30, 2023 | $0.004 | OrdinaryDividend |
| May 31, 2023 | $0.004 | OrdinaryDividend |
| Apr 28, 2023 | $0.003 | OrdinaryDividend |
| Mar 31, 2023 | $0.004 | OrdinaryDividend |
| Feb 28, 2023 | $0.003 | OrdinaryDividend |
| Feb 01, 2023 | $0.003 | OrdinaryDividend |
| Dec 30, 2022 | $0.003 | OrdinaryDividend |
| Nov 30, 2022 | $0.003 | OrdinaryDividend |
| Oct 31, 2022 | $0.002 | OrdinaryDividend |
| Sep 30, 2022 | $0.002 | OrdinaryDividend |
| Aug 31, 2022 | $0.002 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | OrdinaryDividend |
| Jun 30, 2022 | $0.000 | OrdinaryDividend |
| May 31, 2022 | $0.000 | OrdinaryDividend |
| Dec 17, 2018 | $0.000 | OrdinaryDividend |
| Dec 18, 2014 | $0.000 | OrdinaryDividend |
| Dec 20, 2012 | $0.000 | OrdinaryDividend |
MKSXX - Fund Manager Analysis
Managers
Scott Simler
Start Date
Tenure
Tenure Rank
Jul 31, 2009
12.84
12.8%
Scott Simler is a Director and portfolio manager for Barings’ Investment Grade Fixed Income Group. Mr. Simler has more than 30 years of industry experience. Prior to joining Barings in 2005, Mr. Simler was employed at Citigroup Investments, CIGNA Investments, and Phoenix Equity Planning Corp.
Adam Cash
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Adam Cash is an Associate Director and portfolio manager for Barings’ Global Public Fixed Income Trading and Trading Solutions Group. Mr. Cash shares primary responsibility for the day-to-day management of the MML U.S. Government Money Market Fund. Mr. Cash has worked in the industry since 2008. Prior to joining Barings in 2019, he worked as an associate at Deutsche Bank and Nomura, and as a trader at Fannie Mae.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 46.68 | 14.93 | 19.01 |