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MassMutual Diversified Value Fund
mutual fund
MDVNX
Payout Change
Pending
Price as of:
$10.71
-0.07
-0.65%
primary theme
U.S. Large-Cap Value Equity
MDVNX (Mutual Fund)
MassMutual Diversified Value Fund
Payout Change
Pending
Price as of:
$10.71
-0.07
-0.65%
primary theme
U.S. Large-Cap Value Equity
MDVNX (Mutual Fund)
MassMutual Diversified Value Fund
Payout Change
Pending
Price as of:
$10.71
-0.07
-0.65%
primary theme
U.S. Large-Cap Value Equity
Name
As of 12/10/2024Price
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
21.1%
1 yr return
25.8%
3 Yr Avg Return
9.1%
5 Yr Avg Return
10.6%
Net Assets
$205 M
Holdings in Top 10
25.5%
52 WEEK LOW AND HIGH
$10.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.31%
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 12/10/2024Price
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
MDVNX - Profile
Distributions
- YTD Total Return 21.1%
- 3 Yr Annualized Total Return 9.1%
- 5 Yr Annualized Total Return 10.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.14%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual Diversified Value Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateOct 15, 2004
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph Kirby
Fund Description
Principal Investment Strategies
The Fund invests primarily in stocks of companies that the subadvisers believe are undervalued in the marketplace. While the Fund does not limit its investments to issuers in a particular capitalization range, the subadvisers currently focus 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 is managed by two subadvisers, T. Rowe Price Associates, Inc. (“T. Rowe Price”) and Brandywine Global Investment Management, LLC (“Brandywine Global”), each being responsible for a portion of the portfolio, although they may manage different amounts of the Fund’s assets. 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 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.
T. Rowe Price typically employs a “value” approach in selecting investments, using internal research to identify companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth. T. Rowe Price generally looks for companies with one or more of the following: an established operating history; above-average dividend yield and low price/earnings ratio relative to the Russell 1000® Value Index; a sound balance sheet and other positive financial characteristics; and low stock price relative to T. Rowe Price’s view of the company’s underlying value as measured by assets, cash flow, or business franchises. T. Rowe Price generally seeks investments in large-capitalization companies and the yield of the portion of the Fund managed by T. Rowe Price is expected to normally exceed the yield of the Russell 1000 Value Index. T. Rowe Price 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.
In pursuing the Fund’s investment objective, each of Brandywine Global and T. Rowe Price has the discretion to purchase some securities that do not meet its normal investment criteria described
above, when it believes there is an opportunity for substantial appreciation (such as, for example, Brandywine Global or T. Rowe Price 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).
MDVNX - Performance
Return Ranking - Trailing
| Period | MDVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.1% | -12.3% | 50.7% | 24.34% |
| 1 Yr | 25.8% | -3.7% | 64.1% | 26.97% |
| 3 Yr | 9.1%* | -4.2% | 31.8% | 36.47% |
| 5 Yr | 10.6%* | 0.1% | 45.7% | 50.65% |
| 10 Yr | 9.2%* | 1.9% | 25.5% | 47.01% |
* Annualized
Return Ranking - Calendar
| Period | MDVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -16.9% | 46.1% | 64.10% |
| 2022 | -13.8% | -64.7% | 4.6% | 67.24% |
| 2021 | 13.5% | -44.2% | 57.5% | 63.60% |
| 2020 | -2.8% | -23.2% | 285.0% | 68.30% |
| 2019 | 17.6% | -21.4% | 48.5% | 63.12% |
Total Return Ranking - Trailing
| Period | MDVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.1% | -12.3% | 50.7% | 24.34% |
| 1 Yr | 25.8% | -3.7% | 64.1% | 26.97% |
| 3 Yr | 9.1%* | -4.2% | 31.8% | 36.47% |
| 5 Yr | 10.6%* | 0.1% | 45.7% | 50.65% |
| 10 Yr | 9.2%* | 1.9% | 25.5% | 47.01% |
* Annualized
Total Return Ranking - Calendar
| Period | MDVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.7% | -15.9% | 46.7% | 70.57% |
| 2022 | -2.8% | -42.0% | 8.5% | 24.12% |
| 2021 | 27.8% | 3.6% | 129.7% | 30.82% |
| 2020 | -1.3% | -22.6% | 304.8% | 83.45% |
| 2019 | 25.6% | -12.7% | 52.1% | 50.31% |
NAV & Total Return History
MDVNX - Holdings
Concentration Analysis
| MDVNX | Category Low | Category High | MDVNX % Rank | |
|---|---|---|---|---|
| Net Assets | 205 M | 126 K | 163 B | 78.13% |
| Number of Holdings | 232 | 2 | 1727 | 8.13% |
| Net Assets in Top 10 | 162 M | 466 K | 39.5 B | 60.00% |
| Weighting of Top 10 | 25.49% | 4.4% | 99.1% | 62.92% |
Top 10 Holdings
- COMMON STOCK USD1.0 4.98%
- COMMON STOCK USD.01 3.48%
- COMMON STOCK USD1.0 2.74%
- COMMON STOCK USD.01 2.67%
- COMMON STOCK USD.75 2.19%
- COMMON STOCK USD.5 2.07%
- COMMON STOCK USD1.0 1.91%
- COMMON STOCK USD.1 1.89%
- COMMON STOCK 1.88%
- COMMON STOCK USD1.666 1.69%
Asset Allocation
| Weighting | Return Low | Return High | MDVNX % Rank | |
|---|---|---|---|---|
| Stocks | 99.52% | 4.16% | 102.49% | 16.54% |
| Other | 0.40% | -2.59% | 39.89% | 14.58% |
| Convertible Bonds | 0.17% | 0.00% | 3.66% | 3.94% |
| Cash | 0.08% | 0.00% | 17.28% | 94.39% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 24.77% |
| Bonds | 0.00% | 0.00% | 97.99% | 23.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MDVNX % Rank | |
|---|---|---|---|---|
| Financial Services | 24.05% | 0.00% | 58.05% | 13.87% |
| Healthcare | 19.95% | 0.00% | 30.08% | 20.09% |
| Industrials | 10.06% | 0.00% | 42.76% | 64.72% |
| Technology | 9.20% | 0.00% | 54.02% | 63.02% |
| Consumer Defense | 7.32% | 0.00% | 34.10% | 66.79% |
| Energy | 6.95% | 0.00% | 54.00% | 67.55% |
| Consumer Cyclical | 6.88% | 0.00% | 22.74% | 36.23% |
| Utilities | 6.87% | 0.00% | 27.04% | 20.28% |
| Basic Materials | 3.99% | 0.00% | 21.69% | 33.11% |
| Communication Services | 3.23% | 0.00% | 26.58% | 78.40% |
| Real Estate | 1.49% | 0.00% | 90.54% | 66.70% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MDVNX % Rank | |
|---|---|---|---|---|
| US | 99.52% | 4.16% | 102.49% | 15.33% |
| Non US | 0.00% | 0.00% | 24.08% | 43.83% |
MDVNX - Expenses
Operational Fees
| MDVNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.31% | 0.03% | 14.82% | 23.55% |
| Management Fee | 0.50% | 0.00% | 1.50% | 33.55% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 64.22% |
| Administrative Fee | 0.20% | 0.00% | 0.50% | 80.20% |
Sales Fees
| MDVNX 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% | 5.00% | 38.97% |
Trading Fees
| MDVNX 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.
| MDVNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 60.00% | 0.00% | 488.00% | 73.44% |
MDVNX - Distributions
Dividend Yield Analysis
| MDVNX | Category Low | Category High | MDVNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.36% | 0.00% | 16.67% | 82.51% |
Dividend Distribution Analysis
| MDVNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| MDVNX | Category Low | Category High | MDVNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.14% | -1.51% | 4.28% | 62.01% |
Capital Gain Distribution Analysis
| MDVNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 18, 2024 | $0.146 | OrdinaryDividend |
| Sep 18, 2024 | $0.277 | CapitalGainShortTerm |
| Sep 18, 2024 | $2.544 | CapitalGainLongTerm |
| Dec 13, 2023 | $0.153 | OrdinaryDividend |
| Dec 13, 2023 | $0.012 | CapitalGainShortTerm |
| Dec 13, 2023 | $0.325 | CapitalGainLongTerm |
| Dec 14, 2022 | $1.423 | OrdinaryDividend |
| Dec 16, 2021 | $0.136 | OrdinaryDividend |
| Dec 16, 2021 | $0.465 | CapitalGainShortTerm |
| Dec 16, 2021 | $0.983 | CapitalGainLongTerm |
| Dec 14, 2020 | $0.167 | OrdinaryDividend |
| Dec 16, 2019 | $0.205 | OrdinaryDividend |
| Dec 16, 2019 | $0.003 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.571 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.013 | CapitalGainShortTerm |
| Dec 17, 2018 | $1.656 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.175 | OrdinaryDividend |
| Dec 15, 2017 | $0.137 | CapitalGainShortTerm |
| Dec 15, 2017 | $4.599 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.310 | OrdinaryDividend |
| Dec 15, 2016 | $0.629 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.264 | OrdinaryDividend |
| Dec 15, 2015 | $0.167 | OrdinaryDividend |
| Aug 28, 2015 | $0.045 | ExtraDividend |
| Dec 15, 2014 | $0.151 | OrdinaryDividend |
| Dec 16, 2013 | $0.055 | OrdinaryDividend |
| Dec 17, 2012 | $0.117 | OrdinaryDividend |
| Dec 15, 2011 | $0.057 | OrdinaryDividend |
| Dec 15, 2010 | $0.179 | OrdinaryDividend |
| Aug 25, 2010 | $0.033 | ExtraDividend |
| Dec 15, 2009 | $0.076 | OrdinaryDividend |
| Dec 18, 2008 | $0.191 | OrdinaryDividend |
| Aug 25, 2008 | $0.015 | CapitalGainShortTerm |
| Aug 25, 2008 | $0.010 | CapitalGainLongTerm |
| Dec 14, 2007 | $0.172 | OrdinaryDividend |
| Dec 04, 2007 | $0.041 | CapitalGainShortTerm |
| Dec 04, 2007 | $0.384 | CapitalGainLongTerm |
| Aug 27, 2007 | $0.014 | CapitalGainShortTerm |
| Aug 27, 2007 | $0.038 | CapitalGainLongTerm |
| Dec 22, 2006 | $0.153 | OrdinaryDividend |
| Dec 22, 2006 | $0.366 | CapitalGainLongTerm |
| Aug 28, 2006 | $0.044 | CapitalGainLongTerm |
| Dec 28, 2005 | $0.061 | OrdinaryDividend |
| Dec 28, 2005 | $0.038 | CapitalGainShortTerm |
| Dec 28, 2005 | $0.160 | CapitalGainLongTerm |
| Aug 29, 2005 | $0.002 | CapitalGainShortTerm |
| Aug 29, 2005 | $0.029 | CapitalGainLongTerm |
| Dec 29, 2004 | $0.034 | OrdinaryDividend |
| Dec 29, 2004 | $0.010 | CapitalGainLongTerm |
MDVNX - 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 |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
