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MM Equity Asset Fund
mutual fund
MSEJX
Payout Change
Pending
Price as of:
$9.37
+0.06
+0.64%
primary theme
U.S. Large-Cap Blend Equity
share class
MSEJX (Mutual Fund)
MM Equity Asset Fund
Payout Change
Pending
Price as of:
$9.37
+0.06
+0.64%
primary theme
U.S. Large-Cap Blend Equity
share class
MSEJX (Mutual Fund)
MM Equity Asset Fund
Payout Change
Pending
Price as of:
$9.37
+0.06
+0.64%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/11/2024Price
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
29.2%
1 yr return
49.7%
3 Yr Avg Return
11.4%
5 Yr Avg Return
16.9%
Net Assets
$303 M
Holdings in Top 10
36.0%
52 WEEK LOW AND HIGH
$9.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
MSEJX - Profile
Distributions
- YTD Total Return 29.2%
- 3 Yr Annualized Total Return 11.4%
- 5 Yr Annualized Total Return 16.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.20%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMM Equity Asset Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateSep 15, 2016
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Snyder
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. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stocks, rights, and warrants. The Fund typically invests most of its assets in the common stocks of U.S. companies in the S&P 500 Index (the “Index”). The Fund may also invest in securities not included within the Index. As of December 31, 2023, the market capitalization range of companies included in the Index was $6.50 billion to $2.99 trillion. Sector by sector, the Fund’s weightings are similar to those of the Index. Within each sector, the Fund’s subadviser, J.P. Morgan Investment Management Inc. (“J.P. Morgan”), modestly overweights equity securities that it considers undervalued or fairly valued while modestly underweighting or not holding equity securities that appear overvalued. By owning a large number of equity securities within the Index, with an emphasis on those that appear undervalued or fairly valued, the Fund seeks returns that modestly exceed those of the Index over the long term with a modest level of volatility as compared to the Index.
The Fund may use derivatives as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash
The “S&P 500 Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by MassMutual. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by MassMutual. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
positions. Use of derivatives by the Fund may create investment leverage.
In managing the investments of the Fund, J.P. Morgan employs a three-step process that combines research, valuation, and stock selection. J.P. Morgan takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow J.P. Morgan to rank the companies in each sector group according to their relative values. As a part of its investment process, J.P. Morgan seeks to assess the impact of environmental, social, and governance factors (including accounting and tax policies, disclosure and investor communication, shareholder rights, and remuneration policies) on the cash flows of many companies in which it may invest to identify issuers that J.P. Morgan believes will be negatively impacted by such factors relative to other issuers. These determinations may not be conclusive and securities of such issuers may be purchased and retained by the Fund.
J.P. Morgan buys and sells equity securities, using the research and valuation rankings as a basis. Along with attractive valuation, J.P. Morgan often considers a number of other criteria:
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catalysts that could trigger a rise in a stock’s price;
impact on the overall risk of the portfolio relative to the Index;
high perceived potential reward compared to perceived potential risk; and
possible temporary mispricings caused by apparent market overreactions.
J.P. Morgan may sell a security as its valuation or ranking changes or if more attractive investments become available.
MSEJX - Performance
Return Ranking - Trailing
| Period | MSEJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.2% | 4.3% | 46.2% | 16.05% |
| 1 Yr | 49.7% | 5.8% | 61.3% | 19.69% |
| 3 Yr | 11.4%* | -11.0% | 19.2% | 14.12% |
| 5 Yr | 16.9%* | -7.6% | 110.6% | 5.66% |
| 10 Yr | N/A* | -0.1% | 52.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MSEJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.2% | -42.6% | 47.4% | 76.59% |
| 2022 | -29.3% | -56.3% | -4.2% | 91.17% |
| 2021 | 5.2% | -27.2% | 537.8% | 86.97% |
| 2020 | 6.0% | -22.5% | 2181.7% | 79.37% |
| 2019 | 24.2% | -13.5% | 40.4% | 45.07% |
Total Return Ranking - Trailing
| Period | MSEJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.2% | 4.3% | 46.2% | 16.05% |
| 1 Yr | 49.7% | 5.8% | 61.3% | 19.69% |
| 3 Yr | 11.4%* | -11.0% | 19.2% | 14.12% |
| 5 Yr | 16.9%* | -7.6% | 110.6% | 5.66% |
| 10 Yr | N/A* | -0.1% | 52.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MSEJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 28.2% | -5.0% | 47.4% | 12.08% |
| 2022 | -18.1% | -36.8% | -2.2% | 48.71% |
| 2021 | 30.5% | 3.0% | 537.8% | 9.56% |
| 2020 | 20.5% | -15.8% | 2266.0% | 22.12% |
| 2019 | 31.7% | -0.4% | 241.3% | 20.28% |
NAV & Total Return History
MSEJX - Holdings
Concentration Analysis
| MSEJX | Category Low | Category High | MSEJX % Rank | |
|---|---|---|---|---|
| Net Assets | 303 M | 2.34 M | 1.55 T | 76.34% |
| Number of Holdings | 166 | 2 | 3963 | 39.24% |
| Net Assets in Top 10 | 114 M | 880 K | 525 B | 75.93% |
| Weighting of Top 10 | 36.04% | 0.3% | 111.6% | 49.59% |
Top 10 Holdings
- COMMON STOCK USD.00000625 7.25%
- COMMON STOCK USD.00001 7.15%
- COMMON STOCK USD.001 6.57%
- COMMON STOCK USD.01 3.99%
- COMMON STOCK USD.000006 2.90%
- COMMON STOCK USD.001 1.99%
- COMMON STOCK USD.0001 1.64%
- COMMON STOCK USD.01 1.60%
- COMMON STOCK USD.001 1.51%
- COMMON STOCK USD.0033 1.44%
Asset Allocation
| Weighting | Return Low | Return High | MSEJX % Rank | |
|---|---|---|---|---|
| Stocks | 98.56% | 0.00% | 105.79% | 59.77% |
| Other | 1.26% | -13.91% | 100.00% | 7.50% |
| Cash | 0.19% | 0.00% | 99.07% | 80.46% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 69.33% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 67.49% |
| Bonds | 0.00% | 0.00% | 93.85% | 69.41% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSEJX % Rank | |
|---|---|---|---|---|
| Technology | 25.38% | 0.00% | 48.94% | 31.15% |
| Healthcare | 13.76% | 0.00% | 52.29% | 68.18% |
| Financial Services | 13.55% | 0.00% | 55.59% | 47.61% |
| Consumer Cyclical | 13.15% | 0.00% | 30.33% | 10.16% |
| Communication Services | 9.05% | 0.00% | 27.94% | 32.33% |
| Industrials | 8.33% | 0.00% | 29.90% | 62.64% |
| Consumer Defense | 5.20% | 0.00% | 47.71% | 82.12% |
| Energy | 3.88% | 0.00% | 41.64% | 57.18% |
| Utilities | 2.80% | 0.00% | 20.91% | 44.58% |
| Real Estate | 2.61% | 0.00% | 31.91% | 55.92% |
| Basic Materials | 2.28% | 0.00% | 25.70% | 71.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSEJX % Rank | |
|---|---|---|---|---|
| US | 98.56% | 0.00% | 105.79% | 51.11% |
| Non US | 0.00% | 0.00% | 63.83% | 23.08% |
MSEJX - Expenses
Operational Fees
| MSEJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.28% | 0.01% | 19.75% | 84.98% |
| Management Fee | 0.18% | 0.00% | 1.90% | 18.39% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| MSEJX 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 | 1.00% | 5.00% | N/A |
Trading Fees
| MSEJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| MSEJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 29.00% | 0.00% | 268.00% | 58.90% |
MSEJX - Distributions
Dividend Yield Analysis
| MSEJX | Category Low | Category High | MSEJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.11% | 0.00% | 25.47% | 97.02% |
Dividend Distribution Analysis
| MSEJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MSEJX | Category Low | Category High | MSEJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.20% | -54.00% | 2.44% | 20.72% |
Capital Gain Distribution Analysis
| MSEJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2023 | $0.104 | OrdinaryDividend |
| Dec 13, 2023 | $0.021 | CapitalGainShortTerm |
| Dec 13, 2023 | $0.894 | CapitalGainLongTerm |
| Dec 14, 2022 | $1.066 | OrdinaryDividend |
| Dec 16, 2021 | $0.127 | OrdinaryDividend |
| Dec 16, 2021 | $0.280 | CapitalGainShortTerm |
| Dec 16, 2021 | $1.755 | CapitalGainLongTerm |
| Dec 14, 2020 | $0.135 | OrdinaryDividend |
| Dec 14, 2020 | $1.018 | CapitalGainLongTerm |
| Dec 16, 2019 | $0.114 | OrdinaryDividend |
| Dec 16, 2019 | $0.010 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.360 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.210 | CapitalGainShortTerm |
| Dec 17, 2018 | $3.381 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.505 | OrdinaryDividend |
| Dec 15, 2017 | $0.304 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.154 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.261 | OrdinaryDividend |
| Dec 15, 2016 | $0.058 | OrdinaryDividend |
| Dec 15, 2016 | $0.000 | CapitalGainShortTerm |
| Dec 15, 2016 | $0.001 | CapitalGainLongTerm |
MSEJX - Fund Manager Analysis
Managers
Timothy Snyder
Start Date
Tenure
Tenure Rank
Sep 24, 2018
3.68
3.7%
Tim Snyder, executive director of J.P. Morgan Investment Management Inc., is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 2003, his responsibilities include managing Research Enhanced Index (REI) strategies. Tim joined the portfolio management team in 2004 as an analyst and worked on the daily implementation and maintenance of the REI and Analyst Fund portfolios. He holds a B.S. in finance and economics from the University of Delaware and is a holder of the CFA and CMT designations.
Raffaele Zingone
Start Date
Tenure
Tenure Rank
Sep 24, 2018
3.68
3.7%
Raffaele Zingone, managing director, is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 1991, Ralph is responsible for the Research Enhanced Index (REI) strategies. Prior to this role, he was a research analyst following the aerospace, environmental, and diversified manufacturing sectors. Upon joining the firm, he was a quantitative equity analyst and later served as a U.S. Equity portfolio manager in London and New York. Ralph received his B.A. in mathematics and economics from the College of the Holy Cross and his M.B.A. in finance from New York University. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
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