Fund Evaluator:
MassMutual Diversified Value Adm (MDDLX)
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Best Performing in Large Value Over the Last Year
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Fund Details
MassMutual Diversified Value Adm Overview
MassMutual Diversified Value Adm (MDDLX) is an actively managed U.S. Equity Large Value fund. MassMutual launched the fund in 2004.
The investment seeks to achieve long-term growth of capital and income by investing primarily in a diversified portfolio of equity securities of larger, well-established 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. It 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.
About MassMutual Diversified Value Adm (MDDLX)
There are 3 members of the management team with an average tenure of 16.56 years: Joseph Kirby (2010), Henry Otto (2010), Steven Tonkovich (2010). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. MassMutual Diversified Value Adm has 224 securities in its portfolio. The top 10 holdings constitute 27.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
MassMutual Diversified Value Adm is part of the Equity global asset class and is within the U.S. Equity fund group. MassMutual Diversified Value Adm has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.8%. There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MassMutual Diversified Value Adm has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $71 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MDDLX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MassMutual Diversified Value Adm expense ratio is high compared to funds in the Large Value category. MassMutual Diversified Value Adm has an expense ratio of 0.90%, which is 3% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MassMutual Diversified Value Adm has a portfolio turnover rate of 68%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, MassMutual Diversified Value Adm returned 4.2%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
MassMutual Diversified Value Adm has a trailing yield of 1.35%, which is above the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
MassMutual Diversified Value Adm Grades
Year to date, the fund has returned 16.4%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 27.8% over the past year (grade of B), 17.9% over the past three years (grade of A) and 12.6% per year over the past five years (grade of A) and 12.3% per year over the past 10 years (grade of B).
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MDDLX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MDDLX Return (NAV) | 4.2% | 8.2% | 27.8% | 17.9% | 12.6% | 12.3% |
| MDDLX Grade | A | B | B | A | A | B |
| +/- Category | 1.3% | 2.0% | 3.9% | 2.3% | 1.8% | 1.0% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| MDDLX Tax Cost Ratio | na | na | 6.6% | 5.4% | 4.5% | 3.9% |
MDDLX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MDDLX Return (NAV) | 16.4% | 16.9% | 16.9% | 9.2% | -2.5% | 28.4% | -0.9% | 26.0% | -8.4% | 18.7% | 13.0% |
| MDDLX Grade | B | B | B | D | B | B | F | C | C | B | D |
| +/- Category | 2.1% | 1.7% | 2.8% | -2.7% | 3.6% | 2.6% | -4.7% | 0.4% | 0.1% | 2.3% | -1.5% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 12.3% |
| Total Risk Index: | 1.00 - Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (63% Rank) |
| Beta: | 0.66 |
| R-Squared: | 50% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $466 Mil |
| Fund Total Assets: | $ 71 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 68% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 16.6 years | |||
| Average Tenure: 16.6 years | |||
| Managers (Year): Kirby Joseph (2010), Otto Henry (2010), Tonkovich Steven (2010) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 224 |
| % in Top 10 Holdings: | 27.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.8% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | MassMutual |
| Phone Number: | 888-309-3539 |
| Website: | www.massmutual.com |
| Status: | Open |
| Inception Date: | October 15, 2004 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.90% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | MassMutual Diversified Value R5 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
