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Name

As of 06/02/2026

Price

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

MassMutual Diversified Value Fund

MDDIX | Fund

$9.06

$452 M

0.48%

$0.04

0.60%

Vitals

YTD Return

10.2%

1 yr return

26.1%

3 Yr Avg Return

19.0%

5 Yr Avg Return

11.1%

Net Assets

$452 M

Holdings in Top 10

28.6%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

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

MassMutual Diversified Value Fund

MDDIX | Fund

$9.06

$452 M

0.48%

$0.04

0.60%

MDDIX - Profile

Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return 19.0%
  • 5 Yr Annualized Total Return 11.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.84%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MassMutual Diversified Value Fund
  • Fund Family Name
    MASSMUTUAL FUNDS
  • Inception Date
    Apr 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Kirby

Fund Description

Principal Investment Strategies
The Fund invests primarily in stocks of companies that the Fund’s subadviser, Brandywine Global Investment Management, LLC (“Brandywine Global”), believes are undervalued in the marketplace. While the Fund does not limit its investments to issuers in a particular capitalization range, Brandywine Global currently focuses on securities of larger size companies. The Fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in stocks, securities convertible into stocks, and other securities, such as warrants and stock rights, whose value is based on stock prices. The Fund typically invests most of its assets in securities of U.S. companies, but may invest up to 25% of its total assets in foreign securities and American Depositary Receipts (“ADRs”), including emerging market securities. The Fund may use futures contracts for hedging or investment purposes as a substitute for investing directly in securities. Use of derivatives by the Fund may create investment leverage. The Fund may at times have significant exposure to one or more industries or sectors. The Fund may hold a portion of its assets in cash or cash equivalents.
Brandywine Global employs a bottom-up, value-based investment approach in selecting securities for the Fund. Brandywine Global invests in securities that meet its value criteria, primarily, price-to-earnings, price-to-book, price momentum, and share change and quality, based on both quantitative and fundamental analysis. Brandywine Global expects to hold approximately 175 – 250 stocks under normal market conditions.
Brandywine Global invests in securities of companies that meet its value criteria based on both quantitative and fundamental analysis. Brandywine Global’s investment process begins with a valuation screen that identifies large-capitalization stocks with favorable financial ratios. A quantitative deselection process is then applied to eliminate equities that have poor price momentum or high share issuance. Finally Brandywine Global performs a thorough fundamental analysis which seeks to identify and eliminate (de-select) companies with deteriorating fundamentals, anticipated earnings declines, or material write-offs. Brandywine Global may also consider additional factors in its selection process.
Brandywine Global typically sells a security of a company when Brandywine Global believes it is no longer a large-capitalization value company, if the company’s fundamentals deteriorate, when an investment opportunity arises that Brandywine Global believes is more compelling, or in order to realize gains or limit potential losses. However, Brandywine Global may retain securities of companies that no longer meet its initial purchase criteria.
Read More

MDDIX - Performance

Return Ranking - Trailing

Period MDDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -6.3% 48.0% 39.03%
1 Yr 26.1% -0.8% 92.5% 30.64%
3 Yr 19.0%* -0.2% 43.3% 24.24%
5 Yr 11.1%* 0.2% 25.0% 23.52%
10 Yr 12.2%* 4.0% 27.7% 23.10%

* Annualized

Return Ranking - Calendar

Period MDDIX Return Category Return Low Category Return High Rank in Category (%)
2025 -13.6% -43.6% 32.4% 97.90%
2024 -16.9% -34.7% 47.5% 97.69%
2023 3.9% -16.9% 46.1% 66.07%
2022 -13.6% -43.2% 4.6% 66.67%
2021 13.3% -44.1% 57.5% 65.66%

Total Return Ranking - Trailing

Period MDDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -6.3% 48.0% 39.03%
1 Yr 26.1% -0.8% 92.5% 30.64%
3 Yr 19.0%* -0.2% 43.3% 24.24%
5 Yr 11.1%* 0.2% 25.0% 23.52%
10 Yr 12.2%* 4.0% 27.7% 23.10%

* Annualized

Total Return Ranking - Calendar

Period MDDIX Return Category Return Low Category Return High Rank in Category (%)
2025 17.0% -0.4% 32.7% 30.22%
2024 17.3% -17.4% 47.5% 17.94%
2023 9.4% -15.9% 46.7% 63.34%
2022 -2.1% -42.0% 8.5% 18.58%
2021 28.6% 6.9% 129.7% 22.25%

NAV & Total Return History

MDDIX - Holdings

Concentration Analysis

MDDIX Category Low Category High MDDIX % Rank
Net Assets 452 M 2.59 M 238 B 70.72%
Number of Holdings 222 2 1671 9.34%
Net Assets in Top 10 125 M 603 K 47.6 B 70.20%
Weighting of Top 10 28.59% 4.5% 99.2% 43.85%

Top 10 Holdings

  1. Exxon Mobil Corp 4.97%
  2. JPMorgan Chase Co 4.86%
  3. Johnson Johnson 3.96%
  4. Bank of America Corp 2.50%
  5. iShares Russell 1000 Value ETF 2.27%
  6. Goldman Sachs Group Inc/The 2.13%
  7. Morgan Stanley 2.12%
  8. Walt Disney Co/The 2.02%
  9. Wells Fargo Co 1.95%
  10. Verizon Communications Inc 1.80%

Asset Allocation

Weighting Return Low Return High MDDIX % Rank
Stocks 		99.57% 3.70% 130.75% 18.26%
Other 		0.43% -1.51% 19.37% 16.37%
Convertible Bonds 		0.17% 0.00% 3.66% 3.88%
Cash 		0.00% 0.00% 26.41% 95.59%
Preferred Stocks 		0.00% 0.00% 22.62% 36.83%
Bonds 		0.00% 0.00% 127.82% 35.47%

Stock Sector Breakdown

Weighting Return Low Return High MDDIX % Rank
Financial Services 		24.05% 0.00% 58.05% 12.66%
Healthcare 		19.95% 0.00% 27.67% 19.94%
Industrials 		10.06% 0.00% 42.76% 65.08%
Technology 		9.20% 0.00% 54.02% 63.92%
Consumer Defense 		7.32% 0.00% 34.10% 66.24%
Energy 		6.95% 0.00% 54.00% 68.04%
Consumer Cyclical 		6.88% 0.00% 22.74% 35.65%
Utilities 		6.87% 0.00% 27.04% 19.94%
Basic Materials 		3.99% 0.00% 20.01% 33.86%
Communication Services 		3.23% 0.00% 26.58% 77.32%
Real Estate 		1.49% 0.00% 90.54% 68.04%

Stock Geographic Breakdown

Weighting Return Low Return High MDDIX % Rank
US 		99.57% 3.70% 130.75% 15.42%
Non US 		0.00% 0.00% 27.70% 52.47%

MDDIX - Expenses

Operational Fees

MDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.03% 7.64% 77.98%
Management Fee 0.50% 0.00% 1.50% 35.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

MDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 4.00% N/A

Trading Fees

MDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

MDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.00% 240.00% 74.24%

MDDIX - Distributions

Dividend Yield Analysis

MDDIX Category Low Category High MDDIX % Rank
Dividend Yield 0.48% 0.00% 16.67% 96.95%

Dividend Distribution Analysis

MDDIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

MDDIX Category Low Category High MDDIX % Rank
Net Income Ratio 1.84% -1.51% 4.28% 21.95%

Capital Gain Distribution Analysis

MDDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

MDDIX - Fund Manager Analysis

Managers

Joseph Kirby

Start Date

Tenure

Tenure Rank

Jan 11, 2010

12.39

12.4%

Joe is the lead portfolio manager for the Diversified Large Cap Value Equity strategy. He serves as a portfolio manager and securities analyst on the Diversified Value Equity team. Joe contributes to the quantitative and fundamental analysis of securities for the Diversified Value Equity portfolios by consistently applying Brandywine Global's disciplined management exclusionary process. Since joining the Firm and Diversified Team in 1994, Joe has been involved in each aspect of the portfolio process, including leading the trading efforts for all Diversified portfolios from 1997 through 2000. Prior to joining Brandywine Global, he was with CoreStates Financial Corporation as an auditor (1992-1994). Joe earned a B.S. in Finance from DeSales University.

Henry Otto

Start Date

Tenure

Tenure Rank

Jan 11, 2010

12.39

12.4%

Henry is the founder and co-lead portfolio manager of the Diversified Value Equity strategies. Prior to joining Brandywine Global in 1988, he was with Dimensional Fund Advisors, Inc., where he managed and traded small cap portfolios and developed computer systems to structure portfolios and analyze performance (1984-1987), and the Chicago Board of Trade as a financial economist developing financial-based futures and options (1982-1984). He earned both an M.B.A. in Finance and Economics and a B.A. in Economics from the University of Chicago. Henry is a member of the Firm's Executive Board.

Steven Tonkovich

Start Date

Tenure

Tenure Rank

Jan 11, 2010

12.39

12.4%

Steve M. Tonkovich is a portfolio manager. Mr. Tonkovich, Managing Director and Portfolio Manager of Brandywine Global, is co-lead portfolio manager of the Diversified Value Equity strategies. He plays an integral role in the team’s continual refinement of the Diversified Value Equity investment process and the firm’s ongoing research into value investing. Prior to joining the firm in 1989, he was with the Wharton School of the University of Pennsylvania as a research analyst in the Finance Department (1987 – 1989); and the Moore School of Electrical Engineering of the University of Pennsylvania as a research assistant (1986 – 1987). Mr. Tonkovich is a member of the firm’s Executive Board.

John Linehan

Start Date

Tenure

Tenure Rank

Sep 21, 2017

4.69

4.7%

John Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy for T. Rowe Price. In addition, he is the chief investment officer of Equity and a member of the firm's US Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. Mr. Linehan is Chairman of the Investment Advisory Committee at T. Rowe. He is a large-cap value portfolio manager in the U.S. Equity Division and also co-chair of the Investment Advisory Committee for the Institutional Large-Cap Value Strategy. From February 2010 to June 2014, Mr. Linehan was head of U.S. Equity and chairman of the U.S. Equity Steering Committee. He is a member of the firm's U.S. Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. He earned a B.A. from Amherst College and an M.B.A. from Stanford University, where he was the Henry Ford II Scholar, an Arjay Miller Scholar, and the winner of the Alexander A. Robichek Award in finance. Mr. Linehan is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 86.59 8.32 6.71

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