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MassMutual Strategic Emerging Markets Fund
mutual fund
MPZRX
Payout Change
Suspended
Price as of:
$9.89
-0.04
-0.4%
primary theme
Emerging Markets Equity
share class
MPZRX (Mutual Fund)
MassMutual Strategic Emerging Markets Fund
Payout Change
Suspended
Price as of:
$9.89
-0.04
-0.4%
primary theme
Emerging Markets Equity
share class
MPZRX (Mutual Fund)
MassMutual Strategic Emerging Markets Fund
Payout Change
Suspended
Price as of:
$9.89
-0.04
-0.4%
primary theme
Emerging Markets Equity
share class
Name
As of 12/12/2024Price
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
1.4%
1 yr return
5.3%
3 Yr Avg Return
-6.9%
5 Yr Avg Return
-1.1%
Net Assets
$101 M
Holdings in Top 10
45.3%
52 WEEK LOW AND HIGH
$9.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
MPZRX - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return -6.9%
- 5 Yr Annualized Total Return -1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.42%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual Strategic Emerging Markets Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateApr 01, 2014
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJustin Leverenz
Fund Description
Principal Investment Strategies
The Fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of issuers whose principal activities are in a developing (or emerging) market, i.e. are in a developing market or are economically tied to a developing market country. The Fund will invest in at least three developing markets. The Fund focuses on companies with above-average earnings growth. 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.
In general, countries may be considered developing or emerging markets if they are included in any one of the MSCI emerging markets indexes or excluded from an index that captures representation across developed market countries, classified as a developing or emerging market, or classified under a similar or corresponding classification, by organizations such as the World Bank and the International Monetary Fund, or have economies, industries, and stock markets with similar characteristics as such countries. For purposes of the Fund’s investments, a determination that an issuer is economically tied to a developing market country is based on factors including, but not limited to, geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, or whether it receives revenues from a developing market. Such a determination can also be based, in whole or in part, on inclusion of an issuer or its securities in an index representative of developing or emerging markets, or on its “country of risk” being a developing market country as determined by a third-party service provider such as Bloomberg.
The Fund can invest in common and preferred stocks and debt securities of U.S. companies. It can also hold U.S. corporate and government debt securities for defensive and liquidity purposes. In addition to common and preferred stocks, the Fund can invest in other equity or “equity equivalents” securities such as convertible securities, rights, or warrants. The Fund may purchase American Depositary Shares (“ADS”) as part of American Depositary Receipt (“ADR”) issuances. Under normal market conditions, the Fund currently does not expect to invest a significant amount of its assets in securities of U.S. issuers or debt of any issuer. The Fund may use derivatives, including futures contracts, forward contracts, and options, to seek to enhance the Fund’s investment return or for hedging purposes. The Fund is not required to use derivatives in seeking its investment objective or for hedging and might not do so. Use of derivatives by the Fund may create investment leverage.
The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended.
The Fund may invest directly in certain eligible China A Shares through Stock Connect (a securities trading and clearing program designed to achieve mutual stock market access between the People’s Republic of China (“PRC”) and Hong Kong).
In selecting investments for the Fund, the Fund’s subadviser, Invesco Advisers, Inc. (“Invesco Advisers”), evaluates investment opportunities on a company-by-company basis. This approach includes fundamental analysis of a company’s financial statements, management record, capital structure, operations, product development, and competitive position in its industry. Invesco Advisers also looks for newer or established businesses that are entering into a growth cycle, have the potential for accelerating earnings growth or cash flow, and possess reasonable valuations. Invesco Advisers considers the effect of worldwide trends on the growth of particular business sectors and looks for companies that may benefit from those trends and seeks a diverse mix of industries and countries to help reduce the risks of foreign investing, such as currency fluctuations and stock market volatility. Invesco Advisers may invest in growth companies of different capitalization ranges in any developing market country. Invesco Advisers monitors individual issuers for changes in the factors above, which may trigger a decision to sell a security.
MPZRX - Performance
Return Ranking - Trailing
| Period | MPZRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.4% | -11.8% | 40.0% | 94.84% |
| 1 Yr | 5.3% | -8.7% | 41.1% | 94.41% |
| 3 Yr | -6.9%* | -11.5% | 11.1% | 95.25% |
| 5 Yr | -1.1%* | -5.3% | 12.2% | 97.71% |
| 10 Yr | 1.4%* | -1.2% | 7.0% | 95.97% |
* Annualized
Return Ranking - Calendar
| Period | MPZRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.4% | -6.5% | 35.5% | 41.37% |
| 2022 | -25.9% | -50.1% | -2.4% | 65.24% |
| 2021 | -21.3% | -33.1% | 22.5% | 97.50% |
| 2020 | 15.0% | -22.1% | 80.1% | 58.89% |
| 2019 | 15.2% | -0.7% | 42.0% | 71.62% |
Total Return Ranking - Trailing
| Period | MPZRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.4% | -11.8% | 40.0% | 94.84% |
| 1 Yr | 5.3% | -8.7% | 41.1% | 94.41% |
| 3 Yr | -6.9%* | -11.5% | 11.1% | 95.25% |
| 5 Yr | -1.1%* | -5.3% | 12.2% | 97.71% |
| 10 Yr | 1.4%* | -1.2% | 7.0% | 95.97% |
* Annualized
Total Return Ranking - Calendar
| Period | MPZRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.4% | -1.0% | 42.0% | 63.48% |
| 2022 | -25.9% | -42.2% | 1.9% | 74.23% |
| 2021 | -10.3% | -32.5% | 33.1% | 92.04% |
| 2020 | 16.7% | -20.0% | 81.6% | 58.24% |
| 2019 | 24.4% | 2.3% | 42.0% | 28.55% |
NAV & Total Return History
MPZRX - Holdings
Concentration Analysis
| MPZRX | Category Low | Category High | MPZRX % Rank | |
|---|---|---|---|---|
| Net Assets | 101 M | 682 K | 103 B | 75.78% |
| Number of Holdings | 83 | 2 | 7534 | 60.26% |
| Net Assets in Top 10 | 48.5 M | 290 K | 23.8 B | 70.37% |
| Weighting of Top 10 | 45.34% | 2.9% | 101.1% | 13.41% |
Top 10 Holdings
- COMMON STOCK TWD10.0 11.40%
- COMMON STOCK HKD.00002 5.70%
- ADR 5.10%
- COMMON STOCK INR5.0 4.86%
- COMMON STOCK KRW100.0 4.12%
- UNIT 3.09%
- COMMON STOCK USD.00001 2.97%
- COMMON STOCK INR1.0 2.89%
- ADR USD.000025 2.72%
- COMMON STOCK INR1.0 2.51%
Asset Allocation
| Weighting | Return Low | Return High | MPZRX % Rank | |
|---|---|---|---|---|
| Stocks | 96.50% | 0.00% | 103.28% | 65.24% |
| Other | 1.79% | -1.11% | 39.53% | 5.70% |
| Cash | 0.87% | -2.03% | 100.35% | 75.50% |
| Preferred Stocks | 0.85% | 0.00% | 13.31% | 44.30% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 67.86% |
| Bonds | 0.00% | 0.00% | 95.13% | 72.22% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MPZRX % Rank | |
|---|---|---|---|---|
| Financial Services | 23.09% | 0.00% | 48.86% | 37.52% |
| Technology | 22.27% | 0.00% | 47.50% | 48.34% |
| Consumer Cyclical | 17.89% | 0.00% | 48.94% | 11.83% |
| Communication Services | 9.53% | 0.00% | 39.29% | 43.29% |
| Consumer Defense | 8.58% | 0.00% | 25.90% | 23.67% |
| Basic Materials | 7.95% | 0.00% | 30.03% | 54.69% |
| Healthcare | 6.32% | 0.00% | 16.53% | 21.93% |
| Industrials | 2.27% | 0.00% | 43.53% | 92.35% |
| Real Estate | 2.10% | 0.00% | 17.15% | 36.08% |
| Utilities | 0.00% | 0.00% | 39.12% | 90.62% |
| Energy | 0.00% | 0.00% | 24.80% | 95.53% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MPZRX % Rank | |
|---|---|---|---|---|
| Non US | 79.81% | 0.00% | 100.52% | 72.65% |
| US | 16.68% | 0.00% | 100.95% | 23.65% |
MPZRX - Expenses
Operational Fees
| MPZRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.08% | 0.03% | 29.98% | 18.57% |
| Management Fee | 1.00% | 0.00% | 2.00% | 82.74% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 68.12% |
| Administrative Fee | 0.20% | 0.01% | 0.85% | 83.02% |
Sales Fees
| MPZRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MPZRX 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.
| MPZRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 0.00% | 189.00% | 54.13% |
MPZRX - Distributions
Dividend Yield Analysis
| MPZRX | Category Low | Category High | MPZRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 98.72% |
Dividend Distribution Analysis
| MPZRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MPZRX | Category Low | Category High | MPZRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.42% | -1.98% | 17.62% | 88.17% |
Capital Gain Distribution Analysis
| MPZRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2021 | $0.095 | OrdinaryDividend |
| Dec 15, 2021 | $0.049 | CapitalGainShortTerm |
| Dec 15, 2021 | $1.786 | CapitalGainLongTerm |
| Dec 11, 2020 | $0.225 | CapitalGainLongTerm |
| Dec 13, 2019 | $0.032 | CapitalGainShortTerm |
| Dec 13, 2019 | $1.024 | CapitalGainLongTerm |
| Dec 18, 2017 | $0.083 | OrdinaryDividend |
| Dec 19, 2016 | $0.075 | OrdinaryDividend |
| Dec 17, 2015 | $0.028 | OrdinaryDividend |
| Dec 17, 2014 | $0.076 | OrdinaryDividend |
MPZRX - Fund Manager Analysis
Managers
Justin Leverenz
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
Mr. Leverenz has been a Director of Emerging Markets Equities Oppenheimer since January 2013, a Senior Vice President of the Sub-Adviser since November 2009 and was a Vice President of Oppenheimer from July 2004 to October 2009. Mr. Leverenz was the Head of Research in Taiwan and Director of Pan-Asian Technology Research for Goldman Sachs from 2002 to 2004. He was an Analyst and Head of Equity Research in Taiwan for Barclays de Zoete Wedd (now Credit Suisse) from 1993 to 1995 and from 1997 to 2000, respectively. He was a portfolio manager at Martin Currie Investment Management from 1995 to 1997.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
