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Summary

Subadvisor

Western Asset Management Company
Western Asset Management Company Limited

Inception Date

12/31/2004

Morningstar Category

Intermediate-Term Bond

Portfolio Managers

  • Mark S. Lindbloom | Western Asset Management Company & Western Asset Management Company Limited | Managed the fund since inception
  • Carl L. Eichstaedt | Western Asset Management Company & Western Asset Management Company Limited | Managed the fund since inception
  • Michael C. Buchanan | Western Asset Management Company & Western Asset Management Company Limited | Managed the fund since inception
  • S. Kenneth Leech | Western Asset Management Company & Western Asset Management Company Limited | Managed the fund since March 2014
  • Chia-Liang Lian | Western Asset Management Company & Western Asset Management Company Limited | Managed the fund since April 2015

Investment Objective

This Fund seeks a superior total rate of return by investing in fixed income instruments.

Investment Overview

The investment seeks a superior total rate of return by investing in fixed income instruments. Under normal circumstances, the fund invests at least 80% of its net assets in U.S. dollar-denominated fixed income securities and other debt instruments of domestic and foreign entities, including corporate bonds, securities issued or guaranteed as to principal or interest by the U.S. government or its agencies or instrumentalities, mortgage-backed or asset-backed securities, and money market instruments.

Fund Basics

Return to Top
Ticker
Gross Expense Ratio
Net Expense Ratio*
Ticker MSBZX
Gross Expense Ratio 0.50%
Net Expense Ratio 0.48%
Ticker MBSSX
Gross Expense Ratio 0.60%
Net Expense Ratio 0.58%
Ticker MBSYX
Gross Expense Ratio 0.70%
Net Expense Ratio 0.68%
Ticker MSBLX
Gross Expense Ratio 0.80%
Net Expense Ratio 0.78%
Ticker MSBAX
Gross Expense Ratio 1.05%
Net Expense Ratio 1.03%
Ticker MSBRX
Gross Expense Ratio 0.95%
Net Expense Ratio 0.93%
Ticker MSBNX
Gross Expense Ratio 1.20%
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, interest expense, 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, 2019, 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 - Bank Loans Risk, Below Investment Grade Debt Securities Risk, Cash Position Risk, Credit Risk, Defaulted and Distressed Securities Risk, Derivatives Risk, Fixed Income Securities Risk, Foreign Investment Risk; Emerging Markets Risk; Currency Risk, Frequent Trading/Portfolio Turnover Risk, Inflation Risk, Leveraging Risk, Liquidity Risk, Management Risk, Market Risk, Mortgage- and Asset-Backed Securities Risk, Sovereign Debt Obligations Risk, U.S. Government Securities Risk, Valuation 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.