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MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund
mutual fund
MMBUX
Payout Change
Pending
Price as of:
$11.79
-2.89
-19.69%
primary theme
U.S. Mid-Cap Growth Equity
share class
MMBUX (Mutual Fund)
MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund
Payout Change
Pending
Price as of:
$11.79
-2.89
-19.69%
primary theme
U.S. Mid-Cap Growth Equity
share class
MMBUX (Mutual Fund)
MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund
Payout Change
Pending
Price as of:
$11.79
-2.89
-19.69%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 12/13/2024Price
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
$11.79
$615 M
1.22%
$0.18
0.06%
Vitals
YTD Return
-5.8%
1 yr return
-4.0%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
6.5%
Net Assets
$615 M
Holdings in Top 10
9.3%
52 WEEK LOW AND HIGH
$14.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
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
$11.79
$615 M
1.22%
$0.18
0.06%
MMBUX - Profile
Distributions
- YTD Total Return -5.8%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 6.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.97%
- Dividend Yield 1.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMassMutual Select T. Rowe Price Small and Mid Cap Blend Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateFeb 09, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrank Alonso
Fund Description
Principal Investment Strategies
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small and mid cap companies. The Fund’s subadviser, T. Rowe Price Associates, Inc. (“T. Rowe Price”), and sub-subadviser, T. Rowe Price Investment Management, Inc. (“T. Rowe Price Investment Management”), currently consider small and mid cap companies to include companies with market capitalizations at the time of purchase that are within the market capitalization range of companies included in either the Russell 2000® Index or the Russell Midcap® Index (as of December 31, 2023, between $16.95 million and $73.32 billion). Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stock, rights, and warrants.
The Fund typically invests most of its assets in equity 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 invest in real estate investment trusts (“REITs”) and exchange-traded funds. The Fund may, to a limited extent, invest in privately held companies and companies that only recently began to trade publicly. The Fund may at times invest
a substantial portion of its assets in obligations of issuers in one or more market, economic, or industry sectors such as information technology companies. The Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter derivatives, for hedging purposes, to adjust various portfolio characteristics, or as a substitute for direct investments in securities. Such derivatives may include futures contracts, swaps, and options. The Fund may also, but will not necessarily, engage in foreign currency transactions, including forward contracts, options on currencies, futures contracts, and swap contracts, to seek to hedge or to attempt to protect against adverse changes in currency exchange rates or otherwise to adjust the currency exposures within the Fund’s portfolio. Use of derivatives by the Fund may create investment leverage. The Fund may hold a portion of its assets in cash or cash equivalents.
The Fund’s holdings will be widely diversified by industry and issuer. T. Rowe Price and T. Rowe Price Investment Management may employ a growth or value approach in selecting investments. For example, T. Rowe Price or T. Rowe Price Investment Management may seek to identify companies whose price/earnings ratios are attractive relative to the underlying earnings growth rates (e.g., emerging growth companies) and/or companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation.
T. Rowe Price and T. Rowe Price Investment Management generally look for companies with one or more of the following: capable management or plan to improve the business through restructuring; management/employee stock ownership; proven products or services; demonstrated innovative research, product development, and/or marketing; attractive business niches; pricing flexibility; sound financial and accounting practices; a potential or demonstrated ability to grow revenues, earnings, and cash flow consistently; stock price that appears to undervalue growth prospects; low stock price relative to a company’s underlying asset values; above-average dividend yield relative to a company’s peers or a company’s own historical norm; low price/earnings, price/book value, or price/cash flow ratios relative to the Russell 2500 Index, the company’s peers, or its own historical norm; the potential for a catalyst (such as connection to an industry experiencing increasing demand, increased investor
attention, asset sales, strong business prospects, or a change in management) to cause the stock’s price to rise.
In pursuing the Fund’s investment objective, T. Rowe Price and T. Rowe Price Investment Management have the discretion to purchase some securities that do not meet their normal investment criteria described above, when they believe there is an opportunity for substantial appreciation (such as, for example, T. Rowe Price or T. Rowe Price Investment Management believes a security could increase in value as a result of a change in management, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development).
T. Rowe Price or T. Rowe Price Investment Management may sell assets for a variety of reasons, including in response to a change in the original investment considerations or to limit losses, adjust the characteristics of the overall portfolio, or redeploy assets into different opportunities.
MMBUX - Performance
Return Ranking - Trailing
| Period | MMBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.8% | 4.4% | 113.0% | 64.85% |
| 1 Yr | -4.0% | 9.9% | 118.3% | 66.02% |
| 3 Yr | -2.3%* | -14.1% | 62.2% | 27.45% |
| 5 Yr | 6.5%* | -2.1% | 104.0% | 39.46% |
| 10 Yr | N/A* | 3.1% | 26.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MMBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.9% | -27.7% | 68.0% | 68.87% |
| 2022 | -24.7% | -85.6% | 52.8% | 15.46% |
| 2021 | 3.0% | -74.9% | 238.3% | 37.10% |
| 2020 | 18.0% | -44.1% | 2474.5% | 76.04% |
| 2019 | 26.8% | -50.2% | 44.0% | 43.44% |
Total Return Ranking - Trailing
| Period | MMBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.8% | 4.4% | 113.0% | 64.85% |
| 1 Yr | -4.0% | 9.9% | 118.3% | 66.02% |
| 3 Yr | -2.3%* | -14.1% | 62.2% | 27.45% |
| 5 Yr | 6.5%* | -2.1% | 104.0% | 39.46% |
| 10 Yr | N/A* | 3.1% | 26.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MMBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.1% | -26.1% | 68.0% | 61.48% |
| 2022 | -18.8% | -67.0% | 56.8% | 11.35% |
| 2021 | 18.7% | -23.5% | 342.2% | 22.38% |
| 2020 | 24.7% | 2.6% | 2549.1% | 82.50% |
| 2019 | 29.7% | 14.6% | 44.8% | 81.29% |
NAV & Total Return History
MMBUX - Holdings
Concentration Analysis
| MMBUX | Category Low | Category High | MMBUX % Rank | |
|---|---|---|---|---|
| Net Assets | 615 M | 2.73 M | 100 B | 63.95% |
| Number of Holdings | 735 | 24 | 3569 | 2.71% |
| Net Assets in Top 10 | 58.2 M | 670 K | 11.3 B | 79.65% |
| Weighting of Top 10 | 9.32% | 4.5% | 97.8% | 97.67% |
Top 10 Holdings
- STIF-TYPE INSTRUMENT 1.67%
- COMMON STOCK USD1.0 1.12%
- COMMON STOCK USD.001 0.98%
- COMMON STOCK USD.001 0.84%
- COMMON STOCK USD.5 0.82%
- COMMON STOCK USD.002 0.82%
- COMMON STOCK USD.01 0.79%
- COMMON STOCK USD.001 0.79%
- COMMON STOCK USD.001 0.74%
- COMMON STOCK USD.00001 0.73%
Asset Allocation
| Weighting | Return Low | Return High | MMBUX % Rank | |
|---|---|---|---|---|
| Stocks | 95.80% | 58.72% | 103.99% | 89.34% |
| Cash | 2.65% | 0.00% | 28.07% | 29.07% |
| Preferred Stocks | 1.31% | 0.00% | 6.15% | 3.29% |
| Other | 0.16% | -0.11% | 14.45% | 19.96% |
| Bonds | 0.07% | 0.00% | 2.73% | 7.36% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 12.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MMBUX % Rank | |
|---|---|---|---|---|
| Healthcare | 18.52% | 0.00% | 37.06% | 41.86% |
| Technology | 14.81% | 0.04% | 62.17% | 93.02% |
| Financial Services | 14.60% | 0.00% | 43.01% | 12.40% |
| Industrials | 12.96% | 0.00% | 38.23% | 67.05% |
| Consumer Cyclical | 9.03% | 0.00% | 57.41% | 85.85% |
| Energy | 6.06% | 0.00% | 62.10% | 8.91% |
| Real Estate | 6.05% | 0.00% | 19.28% | 17.05% |
| Basic Materials | 5.89% | 0.00% | 17.25% | 8.72% |
| Consumer Defense | 4.84% | 0.00% | 16.40% | 14.15% |
| Utilities | 3.68% | 0.00% | 12.94% | 3.10% |
| Communication Services | 3.57% | 0.00% | 18.33% | 34.88% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MMBUX % Rank | |
|---|---|---|---|---|
| US | 94.15% | 46.79% | 103.99% | 80.23% |
| Non US | 1.65% | 0.00% | 34.12% | 19.38% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MMBUX % Rank | |
|---|---|---|---|---|
| Corporate | 24.64% | 0.00% | 100.00% | 4.63% |
| Cash & Equivalents | 2.02% | 0.00% | 100.00% | 37.40% |
| Derivative | 0.00% | -0.11% | 14.45% | 11.43% |
| Securitized | 0.00% | 0.00% | 30.57% | 10.53% |
| Municipal | 0.00% | 0.00% | 0.02% | 11.16% |
| Government | 0.00% | 0.00% | 99.86% | 11.79% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MMBUX % Rank | |
|---|---|---|---|---|
| US | 0.07% | 0.00% | 2.73% | 7.36% |
| Non US | 0.00% | 0.00% | 0.02% | 12.60% |
MMBUX - Expenses
Operational Fees
| MMBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.06% | 0.02% | 17.54% | 98.45% |
| Management Fee | 0.00% | 0.00% | 1.50% | 0.19% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 10.47% |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| MMBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MMBUX 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.
| MMBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 28.00% | 0.00% | 250.31% | 31.40% |
MMBUX - Distributions
Dividend Yield Analysis
| MMBUX | Category Low | Category High | MMBUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.22% | 0.00% | 33.43% | 6.01% |
Dividend Distribution Analysis
| MMBUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MMBUX | Category Low | Category High | MMBUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.97% | -2.24% | 2.75% | 2.95% |
Capital Gain Distribution Analysis
| MMBUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2023 | $0.180 | OrdinaryDividend |
| Dec 13, 2023 | $0.367 | CapitalGainLongTerm |
| Dec 14, 2022 | $0.890 | OrdinaryDividend |
| Dec 16, 2021 | $0.163 | OrdinaryDividend |
| Dec 16, 2021 | $0.300 | CapitalGainShortTerm |
| Dec 16, 2021 | $1.692 | CapitalGainLongTerm |
| Dec 14, 2020 | $0.158 | CapitalGainShortTerm |
| Dec 14, 2020 | $0.530 | CapitalGainLongTerm |
| Dec 14, 2020 | $0.099 | OrdinaryDividend |
| Dec 16, 2019 | $0.066 | OrdinaryDividend |
| Dec 16, 2019 | $0.051 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.157 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.038 | OrdinaryDividend |
| Dec 17, 2018 | $0.151 | CapitalGainShortTerm |
| Dec 17, 2018 | $0.003 | CapitalGainLongTerm |
MMBUX - Fund Manager Analysis
Managers
Frank Alonso
Start Date
Tenure
Tenure Rank
Feb 09, 2018
4.31
4.3%
Francisco (Frank) M. Alonso joined T. Rowe Price Associates in 2000 and is currently a Vice President of T. Rowe Price Group and T. Rowe Price Associates. He is also the portfolio manager for the Small-Cap Stock Fund. From 2013 to September 2016 Frank ran the US Smaller Companies Equity Fund (SICAVS) and was the Associate PM for the Small-Cap Stock Fund. Prior to 2013 he worked as an investment analyst in TRP’s U.S. Equity Division covering discount stores, soft goods retailing and hard goods under the consumer industry.
J. Wagner
Start Date
Tenure
Tenure Rank
Feb 09, 2018
4.31
4.3%
David Wagner is the lead portfolio manager for T. Rowe Price. He also serves on the Investment Advisory Committees of the US Small-Cap Core Equity and US Small-Cap Growth Equity Strategies. He is a vice president of T. Rowe Price Group, Inc and T. Rowe Price Associates, Inc. He joined the firm in 2000 as an analyst covering financial services after serving as a summer intern at T. Rowe Price in 1999. Prior to this, Mr. Wagner was employed as an associate analyst in the antitrust area by National Economic Research Associates, Inc. Mr. Wagner earned a B.A., summa cum laude, in economics from the College of William & Mary and an M.B.A. from the University of Virginia, Darden Graduate School of Business Administration. He has also earned the Chartered Financial Analyst designation.
Brian Berghuis
Start Date
Tenure
Tenure Rank
Feb 09, 2018
4.31
4.3%
Brian W. H. Berghuis is a member of T. Rowe Price's U.S. Equity Steering Committee and the lead portfolio manager for the firm's U.S. Mid-Cap Growth Strategy. Mr. Berghuis has 25 years of investment experience, 23 of which have been at T. Rowe Price. He started at the firm in 1985 as an analyst following the retail sector. He initially became lead portfolio manager for the U.S. Mid-Cap Growth Strategy in 1992 and oversaw a significant expansion of the firm's capabilities in this strategy. In 2003, he was named to the U.S. Equity Steering Committee.
Joshua Spencer
Start Date
Tenure
Tenure Rank
Mar 31, 2019
3.17
3.2%
Joshua Spencer is the lead portfolio manager for the US Small-Cap Growth Equity Strategy, including the New Horizons Strategy. He was previously the portfolio manager of the Global Technology Equity Strategy for nearly seven years. Mr. Spencer is a vice president of T. Rowe Price Group, Inc. He earned a B.A. in economics from Johns Hopkins University, an M.A. in economics from the University of Chicago, and an M.B.A. in finance and accounting from the University of Chicago Booth School of Business. He has also earned the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |
