MassMutual Mid Cap Growth Fund Administrative Class (MMELX)
| Fund Assets | 4.21B |
| Expense Ratio | 1.01% |
| Min. Investment | $100,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 2.79 |
| Dividend Yield | 17.41% |
| Dividend Growth | 161.36% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 13, 2024 |
| Previous Close | 16.04 |
| YTD Return | 2.32% |
| 1-Year Return | 8.40% |
| 5-Year Return | 31.41% |
| 52-Week Low | 12.91 |
| 52-Week High | 20.02 |
| Beta (5Y) | n/a |
| Holdings | 181 |
| Inception Date | Jun 1, 2000 |
About MMELX
MassMutual Mid Cap Growth Fund Administrative Class is a mutual fund designed to provide long-term capital growth by primarily investing in equity securities of mid-capitalization companies. Its investment strategy focuses on U.S. companies positioned in the mid-range of the market capitalization spectrum, targeting firms that demonstrate above-average growth potential based on metrics such as earnings, sales, book value, and cash flow. This distinct focus enables the fund to gain exposure to dynamic businesses that are often in expansion phases, typically resulting in higher growth rates than their larger counterparts. The fund is actively managed by a team of portfolio managers employing a growth-oriented approach, which generally results in a portfolio featuring companies with relatively high price-to-earnings ratios and lower dividend yields. Its holdings span various sectors, including healthcare, technology, consumer cyclical, and energy, reflecting broad market participation among mid-cap growth stocks. The fund aims to outperform relevant benchmarks like the Russell 2000 and maintains a diversified top 10 holdings concentration around 15% of assets. MassMutual Mid Cap Growth Fund Administrative Class plays a significant role for investors seeking diversified exposure to innovative and rapidly growing U.S. mid-sized businesses within the broader equity market.
Performance
MMELX had a total return of 8.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.68%.
Top 10 Holdings
16.65% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Inc Clearing Corp.Repo | n/a | 2.61% |
| Veeva Systems Inc. | VEEV | 2.07% |
| Cheniere Energy, Inc. | LNG | 1.92% |
| Alnylam Pharmaceuticals, Inc. | ALNY | 1.63% |
| Hologic, Inc. | HOLX | 1.61% |
| PTC Inc. | PTC | 1.42% |
| Agilent Technologies, Inc. | A | 1.40% |
| DraftKings Inc. | DKNG | 1.38% |
| Zscaler, Inc. | ZS | 1.31% |
| Hilton Worldwide Holdings Inc. | HLT | 1.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $2.79209 | Dec 16, 2024 |
| Dec 13, 2023 | $1.06829 | Dec 14, 2023 |
| Dec 14, 2022 | $2.6319 | Dec 15, 2022 |
| Dec 16, 2021 | $5.94839 | Dec 17, 2021 |
| Dec 14, 2020 | $1.59387 | Dec 15, 2020 |
| Dec 16, 2019 | $1.25924 | Dec 17, 2019 |