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MassMutual Small Company Value Fund
mutual fund
MSVZX
Payout Change
Pending
Price as of:
$10.22
-0.11
-1.06%
primary theme
U.S. Small-Cap Value Equity
MSVZX (Mutual Fund)
MassMutual Small Company Value Fund
Payout Change
Pending
Price as of:
$10.22
-0.11
-1.06%
primary theme
U.S. Small-Cap Value Equity
MSVZX (Mutual Fund)
MassMutual Small Company Value Fund
Payout Change
Pending
Price as of:
$10.22
-0.11
-1.06%
primary theme
U.S. Small-Cap Value Equity
Name
As of 11/07/2024Price
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
15.1%
1 yr return
35.8%
3 Yr Avg Return
1.2%
5 Yr Avg Return
9.5%
Net Assets
$130 M
Holdings in Top 10
13.2%
52 WEEK LOW AND HIGH
$10.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
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
MSVZX - Profile
Distributions
- YTD Total Return 15.1%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 9.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.48%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual Small Company Value Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateNov 15, 2010
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeff John
Fund Description
Principal Investment Strategies
The Fund invests primarily in equity securities that the Fund’s subadvisers consider to be undervalued. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the securities of companies whose market capitalizations at the time of purchase are within the market capitalization range of companies included in the Russell 2000® Index or the S&P SmallCap 600 Index (as of December 31, 2023, between $16.95 million and $15.88 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 in foreign securities and American Depositary Receipts (“ADRs”), including emerging market securities. The Fund generally will not invest more than 20% of its total assets in foreign securities. The Fund may invest in real estate investment trusts (“REITs”) and exchange-traded funds. 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.
The Fund is managed by two subadvisers, AllianceBernstein L.P. (“AllianceBernstein”) and American Century Investment Management, Inc. (“American Century”), each being responsible for a portion of the portfolio, although they may manage different amounts of the Fund’s assets. Each subadviser employs a value-based investment approach and may perform a number of analyses in considering whether to buy or sell a security for the Fund.
AllianceBernstein seeks to invest primarily in a diversified portfolio of equity securities of small-sized companies that it determines, using its own fundamental value approach, to be undervalued. Using fundamental and quantitative research, AllianceBernstein seeks to identify companies whose ability to grow earnings over the long term does not appear to be reflected in their current market price. AllianceBernstein looks for companies with attractive valuation (e.g., low price to cash flow ratios) and compelling quality factors (e.g., return on equity), then ranks those stocks by their expected return. Returns and rankings are updated on a daily basis. The rankings are used to determine prospective candidates for further fundamental research and, subsequently, possible addition to the Fund. Typically, AllianceBernstein’s fundamental research analysts focus on the most attractive 40% of the companies in the small-capitalization universe as defined above. AllianceBernstein generally sells a security when it no longer meets appropriate valuation criteria, although sales may be delayed when return trends are favorable. Typically, growth in the size of a company’s market capitalization relative to other domestically traded companies will not cause AllianceBernstein to dispose of the security.
In selecting investments for the Fund, American Century seeks to identify stocks of companies that it believes are undervalued at the time of purchase. American Century attempts to purchase the stocks of these undervalued companies and hold each stock until it has returned to favor in the
market and the stock’s price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. Companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because they have been overlooked by the market. To identify these companies, American Century looks for companies with earnings, cash flows, and/or assets that may not be accurately reflected in the companies’ stock prices or may be outside the companies’ historical ranges. The managers also may consider whether the companies’ securities have a favorable income-paying history and whether income payments are expected to continue or increase. American Century may sell a stock from the Fund if, for example, in its judgment, a stock no longer meets its valuation criteria, a stock’s risk parameters outweigh its return opportunity, more attractive alternatives are identified, or specific events alter a stock’s prospects.
The Fund expects that it will engage in active and frequent trading and so will typically have a relatively high portfolio turnover rate.
MSVZX - Performance
Return Ranking - Trailing
| Period | MSVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.1% | -6.3% | 30.2% | 53.40% |
| 1 Yr | 35.8% | 6.4% | 52.0% | 43.33% |
| 3 Yr | 1.2%* | -12.6% | 68.9% | 91.53% |
| 5 Yr | 9.5%* | -3.0% | 52.8% | 70.05% |
| 10 Yr | 7.6%* | -3.1% | 28.2% | 60.60% |
* Annualized
Return Ranking - Calendar
| Period | MSVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.2% | -6.0% | 33.6% | 89.70% |
| 2022 | -26.6% | -36.7% | 212.9% | 92.11% |
| 2021 | 18.1% | -62.0% | 147.6% | 54.32% |
| 2020 | 4.1% | -24.8% | 31.3% | 30.63% |
| 2019 | 16.1% | -21.7% | 34.0% | 70.74% |
Total Return Ranking - Trailing
| Period | MSVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.1% | -6.3% | 30.2% | 53.40% |
| 1 Yr | 35.8% | 6.4% | 52.0% | 43.33% |
| 3 Yr | 1.2%* | -12.6% | 68.9% | 91.53% |
| 5 Yr | 9.5%* | -3.0% | 52.8% | 70.05% |
| 10 Yr | 7.6%* | -3.1% | 28.2% | 60.60% |
* Annualized
Total Return Ranking - Calendar
| Period | MSVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.5% | 1.8% | 35.4% | 86.42% |
| 2022 | -16.0% | -36.7% | 250.0% | 89.23% |
| 2021 | 36.6% | -3.0% | 157.9% | 17.78% |
| 2020 | 4.9% | -13.5% | 33.4% | 36.96% |
| 2019 | 22.2% | -1.5% | 34.3% | 48.14% |
NAV & Total Return History
MSVZX - Holdings
Concentration Analysis
| MSVZX | Category Low | Category High | MSVZX % Rank | |
|---|---|---|---|---|
| Net Assets | 130 M | 5.95 M | 54 B | 70.56% |
| Number of Holdings | 194 | 10 | 1599 | 28.74% |
| Net Assets in Top 10 | 16.2 M | 762 K | 3.2 B | 84.81% |
| Weighting of Top 10 | 13.23% | 5.2% | 92.2% | 77.05% |
Top 10 Holdings
- COMMON STOCK USD.0001 1.78%
- COMMON STOCK USD.001 1.51%
- COMMON STOCK USD.01 1.48%
- COMMON STOCK USD.0001 1.30%
- FIXED INC CLEARING CORP.REPO 1.25%
- COMMON STOCK USD.1 1.23%
- REIT USD.01 1.21%
- COMMON STOCK USD.01 1.18%
- COMMON STOCK USD.01 1.16%
- COMMON STOCK USD.01 1.14%
Asset Allocation
| Weighting | Return Low | Return High | MSVZX % Rank | |
|---|---|---|---|---|
| Stocks | 100.49% | 7.22% | 105.88% | 2.57% |
| Other | 1.25% | -1.83% | 31.19% | 13.32% |
| Cash | 0.86% | 0.00% | 39.68% | 67.76% |
| Preferred Stocks | 0.00% | 0.00% | 1.71% | 76.17% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 75.36% |
| Bonds | 0.00% | 0.00% | 79.66% | 75.70% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSVZX % Rank | |
|---|---|---|---|---|
| Financial Services | 25.28% | 0.00% | 35.71% | 35.89% |
| Industrials | 19.54% | 0.65% | 48.61% | 31.82% |
| Consumer Cyclical | 16.43% | 0.00% | 51.62% | 19.86% |
| Technology | 10.49% | 0.00% | 34.03% | 37.56% |
| Real Estate | 8.45% | 0.00% | 44.41% | 40.43% |
| Healthcare | 5.02% | 0.00% | 25.76% | 62.20% |
| Consumer Defense | 3.60% | 0.00% | 13.22% | 55.02% |
| Energy | 3.48% | 0.00% | 29.42% | 86.60% |
| Basic Materials | 2.93% | 0.00% | 67.30% | 90.19% |
| Communication Services | 2.68% | 0.00% | 24.90% | 45.93% |
| Utilities | 2.12% | 0.00% | 13.86% | 55.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSVZX % Rank | |
|---|---|---|---|---|
| US | 100.33% | 7.22% | 105.88% | 2.57% |
| Non US | 0.16% | 0.00% | 76.17% | 31.31% |
MSVZX - Expenses
Operational Fees
| MSVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.05% | 37.04% | 68.22% |
| Management Fee | 0.85% | 0.00% | 1.50% | 71.43% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.35% | 18.80% |
Sales Fees
| MSVZX 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% | 4.00% | N/A |
Trading Fees
| MSVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| MSVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 66.00% | 7.00% | 252.00% | 73.39% |
MSVZX - Distributions
Dividend Yield Analysis
| MSVZX | Category Low | Category High | MSVZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.73% | 0.00% | 14.14% | 97.66% |
Dividend Distribution Analysis
| MSVZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MSVZX | Category Low | Category High | MSVZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.48% | -1.43% | 4.13% | 46.65% |
Capital Gain Distribution Analysis
| MSVZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2023 | $0.075 | OrdinaryDividend |
| Dec 13, 2023 | $0.076 | CapitalGainShortTerm |
| Dec 13, 2023 | $0.363 | CapitalGainLongTerm |
| Dec 14, 2022 | $1.265 | OrdinaryDividend |
| Dec 16, 2021 | $0.037 | OrdinaryDividend |
| Dec 16, 2021 | $0.730 | CapitalGainShortTerm |
| Dec 16, 2021 | $0.988 | CapitalGainLongTerm |
| Dec 14, 2020 | $0.069 | OrdinaryDividend |
| Dec 16, 2019 | $0.066 | OrdinaryDividend |
| Dec 16, 2019 | $0.428 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.374 | CapitalGainShortTerm |
| Dec 17, 2018 | $1.192 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.043 | OrdinaryDividend |
| Dec 15, 2017 | $0.431 | CapitalGainShortTerm |
| Dec 15, 2017 | $1.883 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.093 | OrdinaryDividend |
| Dec 15, 2016 | $0.025 | CapitalGainShortTerm |
| Dec 15, 2016 | $0.052 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.128 | OrdinaryDividend |
| Dec 15, 2015 | $2.997 | CapitalGainLongTerm |
| Dec 15, 2015 | $0.090 | OrdinaryDividend |
| Aug 28, 2015 | $0.206 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.312 | CapitalGainShortTerm |
| Dec 15, 2014 | $1.888 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.148 | OrdinaryDividend |
| Dec 16, 2013 | $0.248 | CapitalGainShortTerm |
| Dec 16, 2013 | $1.488 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.141 | OrdinaryDividend |
| Dec 17, 2012 | $0.057 | CapitalGainShortTerm |
| Dec 17, 2012 | $0.347 | CapitalGainLongTerm |
| Dec 17, 2012 | $0.200 | OrdinaryDividend |
| Dec 15, 2011 | $0.003 | CapitalGainShortTerm |
| Dec 15, 2011 | $0.526 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.067 | OrdinaryDividend |
| Dec 15, 2010 | $0.112 | OrdinaryDividend |
MSVZX - Fund Manager Analysis
Managers
Jeff John
Start Date
Tenure
Tenure Rank
Jun 20, 2019
2.95
3.0%
Jeff John is the portfolio manager of American Century Investments. He has been a member of the team that manages the fund since he joined American Century Investments in 2008 as an analyst. He became a portfolio manager in 2012. Before joining American Century, he was an equity research analyst at Kornitzer Capital Management-Buffalo Funds Group. He has a bachelor of science degree in business from the University of Colorado in Boulder and an MBA in finance and accounting from Vanderbilt University, Owen Graduate School of Management. He is a CFA charterholder
James MacGregor
Start Date
Tenure
Tenure Rank
Jun 20, 2019
2.95
3.0%
Chief Investment Officer—Small and Mid-Cap Value Equities James MacGregor was appointed Chief Investment Officer of Small and Mid-Cap Value Equities in 2009. From 2009 to 2012, he also served as CIO of Canadian Value Equities. From 2004 to 2009, MacGregor was director of research of Small and Mid-Cap Value Equities, overseeing coverage of companies for the Small-Cap and Small/Mid-Cap Value services. He started as a research analyst covering the banking, energy, industrial commodity, transportation, and aerospace & defense industries for those same services. Prior to joining the firm in 1998, MacGregor was a sell-side research analyst at Morgan Stanley, where he covered US packaging and Canadian paper stocks. He holds a BA in economics from McGill University, an MSc in economics from the London School of Economics and an MBA from the University of Chicago. MacGregor is a CFA charterholder. Location: New York
Erik Turenchalk
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
To be provided.
Ryan Cope
Start Date
Tenure
Tenure Rank
Apr 24, 2020
2.1
2.1%
Mr. Cope joined American Century in 2009, became a portfolio research analyst in 2010 and an investment analyst in 2012. He became a portfolio manager in April 2020. Mr. Cope has a bachelor’s degree in business administration from Truman State University and an MBA from Kansas State University. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.25 | 3.58 |
