Fund Evaluator:
MML Clinton Limited Term Municipal A (MMJDX)
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Fund Details
MML Clinton Limited Term Municipal A Overview
MML Clinton Limited Term Municipal A (MMJDX) is an actively managed Municipal Bond Muni National Short fund. MassMutual launched the fund in 2024.
The investment seeks current income exempt from U.S. federal income tax. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in municipal debt securities, the income from which is exempt from U.S. federal income tax. Interest from the fund’s investment may be subject to the U.S. federal alternative minimum tax.
About MML Clinton Limited Term Municipal A (MMJDX)
There are 1 members of the management team with an average tenure of 2.50 years: Andrew Clinton (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal 5 Yr 4-6 TR USD index with a weighting of 100%. MML Clinton Limited Term Municipal A has 43 securities in its portfolio. The top 10 holdings constitute 40.6% 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.
MML Clinton Limited Term Municipal A is part of the Fixed Income global asset class and is within the Municipal Bond fund group. MML Clinton Limited Term Municipal A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.2% (91.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MML Clinton Limited Term Municipal A has 8.8% of the portfolio in cash.
Assets Under Management
The fund has $102 million in total assets, which is below the $633 million average for the Muni National Short 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.
MMJDX 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 MML Clinton Limited Term Municipal A expense ratio is above average compared to funds in the Muni National Short category. MML Clinton Limited Term Municipal A has an expense ratio of 0.64%, which is 11% higher than its category average, making the fund expense ratio grade a D. 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. MML Clinton Limited Term Municipal A has a portfolio turnover rate of 41%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Muni National Short category.
Recently, in the month of July 2026, MML Clinton Limited Term Municipal A returned -0.9%, which earned it a grade of F, as the Muni National Short category had an average return of -0.5%. 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.
MML Clinton Limited Term Municipal A has a trailing yield of 2.47%, which is below the 2.78% category average. The fund normally distributes its income monthly 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.
MML Clinton Limited Term Municipal A Grades
Year to date, the fund has returned -0.1%, 0.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.2% over the past year (grade of F).
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MMJDX 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 |
|
| MMJDX Return (NAV) | -0.9% | -0.4% | 2.2% | na | na | na |
| MMJDX Grade | F | F | F | na | na | na |
| +/- Category | -0.4% | -0.5% | -0.5% | na | na | na |
| Muni National Short Avg | -0.5% | 0.1% | 2.7% | 3.2% | 1.5% | 1.5% |
| MMJDX Tax Cost Ratio | na | na | 0.0% | na | na | na |
MMJDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MMJDX Return (NAV) | -0.1% | 3.7% | na | na | na | na | na | na | na | na | na |
| MMJDX Grade | F | D | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.9% | -0.3% | na | na | na | na | na | na | na | na | na |
| Muni National Short Avg | 0.8% | 4.0% | 2.6% | 3.9% | -3.2% | 0.4% | 2.4% | 3.4% | 1.2% | 1.9% | -0.1% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 2.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $61 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 41% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Clinton Andrew (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 43 |
| % in Top 10 Holdings: | 40.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 91.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.8% |
Purchase Information
| Fund Family: | MassMutual |
| Phone Number: | 888-309-3539 |
| Website: |
| Status: | Open |
| Inception Date: | February 1, 2024 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 2.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.64% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.58% |
| Share Class: | MML Clinton Limited Term Municipal I |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 0 |
