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Summary

Subadvisor

Barings LLC

Inception Date

12/31/2003

Morningstar Category

Inflation-Protected Bond

Portfolio Managers

  • Ronald E. Desautels | Barings LLC | Managed the fund since inception
  • David L. Nagle | Barings LLC | Managed the fund since inception
  • Douglas M. Trevallion, II | Barings LLC | Managed the fund since October 2008

Investment Objective

This Fund seeks to achieve as high a total rate of real return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital.

Investment Overview

The investment seeks to achieve as high a total rate of real return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. The fund invests at least 80% of its net assets in inflation-indexed bonds and other income-producing securities. It may also invest in other income-producing securities of any kind. The fund generally intends to maintain a dollar-weighted average credit quality of A or better. It may invest up to 15% of its total assets in securities that are not denominated in U.S. dollars.

Fund Basics

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Ticker
Gross Expense Ratio
Net Expense Ratio
Ticker MIPZX
Gross Expense Ratio 1.26%
Net Expense Ratio 0.48%
Ticker MIPSX
Gross Expense Ratio 1.36%
Net Expense Ratio 0.58%
Ticker MIPYX
Gross Expense Ratio 1.46%
Net Expense Ratio 0.68%
Ticker MIPLX
Gross Expense Ratio 1.56%
Net Expense Ratio 0.78%
Ticker MPSAX
Gross Expense Ratio 1.81%
Net Expense Ratio 1.03%
Ticker MIPRX
Gross Expense Ratio 1.71%
Net Expense Ratio 0.93%
Ticker MIPNX
Gross Expense Ratio 1.96%
Net Expense Ratio 1.18%

The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund Fees and Expenses, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2020, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .48%, .58%, .68%, .78%, 1.03%, .93%, and 1.18% for Classes I, R5, Service, Administrative, A, R4, and R3, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.

Investment Risk

The Fund’s Principal Risks include - Cash Position Risk, Credit Risk, Derivatives Risk, Fixed Income Securities Risk, Foreign Investment Risk; Emerging Markets Risk; Currency Risk, Inflation-Linked Securities Risk, Leveraging Risk, Liquidity Risk, Management Risk, Market Risk, Mortgage- and Asset-Backed Secuirites Risk, Repurchase Agreement Risk, Reverse Repurchase Agreement Transaction Risk, Risk of Investment in Other Funds or Pools, Sovereign Debt Obligations Risk, U.S. Government Securities Risk, Valuation Risk, When Issued, Delayed Delivery, TBA, and Forward Commitment Transaction Risk. Please refer to the summary prospectus (via the link below or by sending an email to fundinfo@massmutual.com) for more information on the specific risks.