| | | Class I | | | Class Y | | | Class A | | | Class C | |
Management Fees | | | | | | | | | | | | | |
Distribution and Service (Rule 12b-1) Fees | | | | | | | | | | | | | |
Other Expenses(1) | | | | | | | | | | | | | |
Total Annual Fund Operating Expenses | | | | | | | | | | | | | |
Expense Reimbursement | | | ( | | | ( | | | ( | | | ( | |
Total Annual Fund Operating Expenses after Expense Reimbursement(2) | | | | | | | | | | | | | |
| | | 1 Year | | | 3 Years | | | 5 Years | | | 10 Years | | ||||||||||||
Class I | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
Class Y | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
Class A | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
Class C | | | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | |
1 Year
|
| |
3 Years
|
| |
5 Years
|
| |
10 Years
|
| ||||||||||||
Class C | | | | $ | | | | | $ | | | | | $ | | | | | $ | | |
|
Paul LaPiana2
1295 State Street Springfield, MA 01111-0001 Year of birth: 1969 Trustee of the Trust since 2023 Trustee 108 portfolios in fund complex |
| | Trustee of the Trust | |
|
Douglas Steele
1295 State Street Springfield, MA 01111-0001 Year of birth: 1975 Officer of the Trust since 2016 Officer of 108 portfolios in fund complex |
| | President of the Trust | |
|
Oludare Adedokun
1295 State Street Springfield, MA 01111-0001 Year of birth: 1986 Officer of the Trust since 2024 Officer of 108 portfolios in fund complex |
| | Vice President of the Trust | |
|
Meredith Ulrich
1295 State Street Springfield, MA 01111-0001 Year of birth: 1986 Officer of the Trust since 2021 Officer of 108 portfolios in fund complex |
| | Vice President of the Trust | |
Form N-1A Cover |
Jul. 01, 2024 |
---|---|
Prospectus [Line Items] | |
Document Type | 497 |
Amendment Flag | false |
Registrant Name | MassMutual Advantage Funds |
Entity Central Index Key | 0001859808 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jul. 01, 2024 |
Prospectus Date | Feb. 01, 2024 |
Supplement to Prospectus [Text Block] | MASSMUTUAL FUNDS
MassMutual Emerging Markets Debt Blended Total Return Fund (the “Fund”) Supplement dated July 1, 2024 to the Prospectus dated February 1, 2024 and the Summary Prospectus dated February 1, 2024 This supplement provides new and additional information beyond that contained in the Prospectus and Summary Prospectus, and any previous supplements. It should be retained and read in conjunction with the Prospectus and Summary Prospectus, and any previous supplements.
|
Investment Objectives and Goals |
Jul. 01, 2024 |
---|---|
MassMutual Emerging Markets Debt Blended Total Return Fund | |
Prospectus [Line Items] | |
Risk/Return [Heading] | MassMutual Emerging Markets Debt Blended Total Return Fund |
Fees and Expenses - MassMutual Emerging Markets Debt Blended Total Return Fund |
Jul. 01, 2024 |
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Prospectus [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Narrative [Text Block] | The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses Restated to Reflect Current [Text] | Other Expenses have been restated to reflect current fees. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Expenses Caption [Optional Text] | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses [Table] |
(1)
Other Expenses have been restated to reflect current fees.
(2)
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 legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, 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, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, 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.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Example [Heading] | Example | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Example Narrative [Text Block] | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
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Expense Example, With Redemption [Table] |
You would pay the following expenses if you did not redeem your shares:
|
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Expense Example, No Redemption, By Year, Caption [Text] | You would pay the following expenses if you did not redeem your shares: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Example Closing [Text Block] |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
|
Annual Fund Operating Expenses - MassMutual Emerging Markets Debt Blended Total Return Fund |
Jul. 01, 2024 |
|||||
---|---|---|---|---|---|---|
Prospectus [Line Items] | ||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | Jan. 31, 2026 | |||||
Class I | ||||||
Prospectus [Line Items] | ||||||
Management Fees (as a percentage of Assets) | 0.75% | |||||
Distribution and Service (12b-1) Fees | 0.00% | |||||
Other Expenses (as a percentage of Assets): | 0.33% | [1] | ||||
Expenses (as a percentage of Assets) | 1.08% | |||||
Fee Waiver or Reimbursement | (0.19%) | |||||
Net Expenses (as a percentage of Assets) | 0.89% | [2] | ||||
Class Y | ||||||
Prospectus [Line Items] | ||||||
Management Fees (as a percentage of Assets) | 0.75% | |||||
Distribution and Service (12b-1) Fees | 0.00% | |||||
Other Expenses (as a percentage of Assets): | 0.39% | [1] | ||||
Expenses (as a percentage of Assets) | 1.14% | |||||
Fee Waiver or Reimbursement | (0.19%) | |||||
Net Expenses (as a percentage of Assets) | 0.95% | [2] | ||||
Class A | ||||||
Prospectus [Line Items] | ||||||
Management Fees (as a percentage of Assets) | 0.75% | |||||
Distribution and Service (12b-1) Fees | 0.25% | |||||
Other Expenses (as a percentage of Assets): | 0.35% | [1] | ||||
Expenses (as a percentage of Assets) | 1.35% | |||||
Fee Waiver or Reimbursement | (0.19%) | |||||
Net Expenses (as a percentage of Assets) | 1.16% | [2] | ||||
Class C | ||||||
Prospectus [Line Items] | ||||||
Management Fees (as a percentage of Assets) | 0.75% | |||||
Distribution and Service (12b-1) Fees | 1.00% | |||||
Other Expenses (as a percentage of Assets): | 0.33% | [1] | ||||
Expenses (as a percentage of Assets) | 2.08% | |||||
Fee Waiver or Reimbursement | (0.19%) | |||||
Net Expenses (as a percentage of Assets) | 1.89% | [2] | ||||
|
Expense Example - MassMutual Emerging Markets Debt Blended Total Return Fund |
Jul. 01, 2024
USD ($)
|
---|---|
Class I | |
Prospectus [Line Items] | |
Expense Example, with Redemption, 1 Year | $ 91 |
Expense Example, with Redemption, 3 Years | 313 |
Expense Example, with Redemption, 5 Years | 566 |
Expense Example, with Redemption, 10 Years | 1,290 |
Class Y | |
Prospectus [Line Items] | |
Expense Example, with Redemption, 1 Year | 97 |
Expense Example, with Redemption, 3 Years | 332 |
Expense Example, with Redemption, 5 Years | 598 |
Expense Example, with Redemption, 10 Years | 1,359 |
Class A | |
Prospectus [Line Items] | |
Expense Example, with Redemption, 1 Year | 538 |
Expense Example, with Redemption, 3 Years | 806 |
Expense Example, with Redemption, 5 Years | 1,105 |
Expense Example, with Redemption, 10 Years | 1,954 |
Class C | |
Prospectus [Line Items] | |
Expense Example, with Redemption, 1 Year | 292 |
Expense Example, with Redemption, 3 Years | 622 |
Expense Example, with Redemption, 5 Years | 1,090 |
Expense Example, with Redemption, 10 Years | $ 2,386 |
Expense Example, No Redemption - MassMutual Emerging Markets Debt Blended Total Return Fund - Class C |
Jul. 01, 2024
USD ($)
|
---|---|
Prospectus [Line Items] | |
Expense Example, No Redemption, 1 Year | $ 192 |
Expense Example, No Redemption, 3 Years | 622 |
Expense Example, No Redemption, 5 Years | 1,090 |
Expense Example, No Redemption, 10 Years | $ 2,386 |
Jul. 01, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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MassMutual Emerging Markets Debt Blended Total Return Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(1)
Other Expenses have been restated to reflect current fees.
(2)
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 legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, 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, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, 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.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Example | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You would pay the following expenses if you did not redeem your shares:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You would pay the following expenses if you did not redeem your shares: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
|
Label | Element | Value | ||||
---|---|---|---|---|---|---|
MassMutual Emerging Markets Debt Blended Total Return Fund | ||||||
Prospectus [Line Items] | oef_ProspectusLineItems | |||||
Risk/Return [Heading] | oef_RiskReturnHeading | MassMutual Emerging Markets Debt Blended Total Return Fund | ||||
Expense Narrative [Text Block] | oef_ExpenseNarrativeTextBlock | The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
|
||||
Operating Expenses Caption [Optional Text] | oef_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Fee Waiver or Reimbursement over Assets, Date of Termination | oef_FeeWaiverOrReimbursementOverAssetsDateOfTermination | Jan. 31, 2026 | ||||
Expenses Restated to Reflect Current [Text] | oef_ExpensesRestatedToReflectCurrent | Other Expenses have been restated to reflect current fees. | ||||
Expense Example [Heading] | oef_ExpenseExampleHeading | Example | ||||
Expense Example Narrative [Text Block] | oef_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
||||
Expense Example, No Redemption, By Year, Caption [Text] | oef_ExpenseExampleNoRedemptionByYearCaption | You would pay the following expenses if you did not redeem your shares: | ||||
Expense Example Closing [Text Block] | oef_ExpenseExampleClosingTextBlock |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
|
||||
MassMutual Emerging Markets Debt Blended Total Return Fund | Class I | ||||||
Prospectus [Line Items] | oef_ProspectusLineItems | |||||
Management Fees (as a percentage of Assets) | oef_ManagementFeesOverAssets | 0.75% | ||||
Distribution and Service (12b-1) Fees | oef_DistributionAndService12b1FeesOverAssets | 0.00% | ||||
Other Expenses (as a percentage of Assets): | oef_OtherExpensesOverAssets | 0.33% | [1] | |||
Expenses (as a percentage of Assets) | oef_ExpensesOverAssets | 1.08% | ||||
Fee Waiver or Reimbursement | oef_FeeWaiverOrReimbursementOverAssets | (0.19%) | ||||
Net Expenses (as a percentage of Assets) | oef_NetExpensesOverAssets | 0.89% | [2] | |||
Expense Example, with Redemption, 1 Year | oef_ExpenseExampleYear01 | $ 91 | ||||
Expense Example, with Redemption, 3 Years | oef_ExpenseExampleYear03 | 313 | ||||
Expense Example, with Redemption, 5 Years | oef_ExpenseExampleYear05 | 566 | ||||
Expense Example, with Redemption, 10 Years | oef_ExpenseExampleYear10 | $ 1,290 | ||||
MassMutual Emerging Markets Debt Blended Total Return Fund | Class A | ||||||
Prospectus [Line Items] | oef_ProspectusLineItems | |||||
Management Fees (as a percentage of Assets) | oef_ManagementFeesOverAssets | 0.75% | ||||
Distribution and Service (12b-1) Fees | oef_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
Other Expenses (as a percentage of Assets): | oef_OtherExpensesOverAssets | 0.35% | [1] | |||
Expenses (as a percentage of Assets) | oef_ExpensesOverAssets | 1.35% | ||||
Fee Waiver or Reimbursement | oef_FeeWaiverOrReimbursementOverAssets | (0.19%) | ||||
Net Expenses (as a percentage of Assets) | oef_NetExpensesOverAssets | 1.16% | [2] | |||
Expense Example, with Redemption, 1 Year | oef_ExpenseExampleYear01 | $ 538 | ||||
Expense Example, with Redemption, 3 Years | oef_ExpenseExampleYear03 | 806 | ||||
Expense Example, with Redemption, 5 Years | oef_ExpenseExampleYear05 | 1,105 | ||||
Expense Example, with Redemption, 10 Years | oef_ExpenseExampleYear10 | $ 1,954 | ||||
MassMutual Emerging Markets Debt Blended Total Return Fund | Class Y | ||||||
Prospectus [Line Items] | oef_ProspectusLineItems | |||||
Management Fees (as a percentage of Assets) | oef_ManagementFeesOverAssets | 0.75% | ||||
Distribution and Service (12b-1) Fees | oef_DistributionAndService12b1FeesOverAssets | 0.00% | ||||
Other Expenses (as a percentage of Assets): | oef_OtherExpensesOverAssets | 0.39% | [1] | |||
Expenses (as a percentage of Assets) | oef_ExpensesOverAssets | 1.14% | ||||
Fee Waiver or Reimbursement | oef_FeeWaiverOrReimbursementOverAssets | (0.19%) | ||||
Net Expenses (as a percentage of Assets) | oef_NetExpensesOverAssets | 0.95% | [2] | |||
Expense Example, with Redemption, 1 Year | oef_ExpenseExampleYear01 | $ 97 | ||||
Expense Example, with Redemption, 3 Years | oef_ExpenseExampleYear03 | 332 | ||||
Expense Example, with Redemption, 5 Years | oef_ExpenseExampleYear05 | 598 | ||||
Expense Example, with Redemption, 10 Years | oef_ExpenseExampleYear10 | $ 1,359 | ||||
MassMutual Emerging Markets Debt Blended Total Return Fund | Class C | ||||||
Prospectus [Line Items] | oef_ProspectusLineItems | |||||
Management Fees (as a percentage of Assets) | oef_ManagementFeesOverAssets | 0.75% | ||||
Distribution and Service (12b-1) Fees | oef_DistributionAndService12b1FeesOverAssets | 1.00% | ||||
Other Expenses (as a percentage of Assets): | oef_OtherExpensesOverAssets | 0.33% | [1] | |||
Expenses (as a percentage of Assets) | oef_ExpensesOverAssets | 2.08% | ||||
Fee Waiver or Reimbursement | oef_FeeWaiverOrReimbursementOverAssets | (0.19%) | ||||
Net Expenses (as a percentage of Assets) | oef_NetExpensesOverAssets | 1.89% | [2] | |||
Expense Example, with Redemption, 1 Year | oef_ExpenseExampleYear01 | $ 292 | ||||
Expense Example, with Redemption, 3 Years | oef_ExpenseExampleYear03 | 622 | ||||
Expense Example, with Redemption, 5 Years | oef_ExpenseExampleYear05 | 1,090 | ||||
Expense Example, with Redemption, 10 Years | oef_ExpenseExampleYear10 | 2,386 | ||||
Expense Example, No Redemption, 1 Year | oef_ExpenseExampleNoRedemptionYear01 | 192 | ||||
Expense Example, No Redemption, 3 Years | oef_ExpenseExampleNoRedemptionYear03 | 622 | ||||
Expense Example, No Redemption, 5 Years | oef_ExpenseExampleNoRedemptionYear05 | 1,090 | ||||
Expense Example, No Redemption, 10 Years | oef_ExpenseExampleNoRedemptionYear10 | $ 2,386 | ||||
|
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