# EDGAR Filing Document

**Accession Number:** 0001859808
**File Stem:** 0001410368-25-031168
**Filing Date:** 2025-11
**Character Count:** 18653
**Document Hash:** 0f839a101ddcbcedd36594a22ec175ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031168.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-031168

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MassMutual Advantage Funds
- **CENTRAL INDEX KEY:** 0001859808

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23703
- **FILM NUMBER:** 251522916

**BUSINESS ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111
- **BUSINESS PHONE:** (860) 562-1000

**MAIL ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111

## Series and Classes Contracts Data

### MassMutual Clinton Municipal Credit Opportunities Fund (Series ID: S000083940)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000248053 | Class A      | MMJAX           |
| C000248054 | Class I      | MMJBX           |
| C000248055 | Class Y      | MMJCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** MassMutual Advantage Funds

- **b. Investment Company Act file number:** 811-23703

- **c. CIK number of Registrant:** 0001859808

- **d. LEI of Registrant:** 5493000RE63N3B1HWL58

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1295 STATE STREET

  - **City:** SPRINGFIELD

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01111-0001

  - **Telephone number:** 413-744-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** MassMutual Clinton Municipal Credit Opportunities Fund

- **b. EDGAR series identifier (if any):** S000083940

- **c. LEI of Series:** 254900X4SSL2AGDLOS03

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $49365067.63

**Total Liabilities:** $274471.03

**Net Assets:** $49090596.60

**Cash Not Reported:** $62518.13

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -31.79000000 | **1-Year:** -903.46000000 | **5-Year:** -6572.56000000 | **10-Year:** -15573.96000000 | **30-Year:** -4756.71000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -17.06000000 | **1-Year:** -360.54000000 | **5-Year:** -3180.22000000 | **10-Year:** -7623.19000000 | **30-Year:** -1594.51000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248055 | -1.08%               | 0.39%                | 3.14%                |
| Class ID C000248054 | -1.18%               | 0.51%                | 3.15%                |
| Class ID C000248053 | -1.21%               | 0.48%                | 3.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-235477.25              | $-470671.36                                |
| Month 2  | $-163418.38              | $237508.64                                 |
| Month 3  | $0.00                    | $1366415.17                                |

### Schedule of Portfolio Investments

| Name                                                                    | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| South Carolina Public Service Authority                                 | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515T2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1975560.53   | 4.02%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                    | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593A85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1393046.46   | 2.84%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                    | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017142.80   | 4.11%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                        | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                  | CUSIP: 56678PCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511776.30    | 1.04%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | ILLINOIS ST                                                  | CUSIP: 452153JY6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2364349.05   | 4.82%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                               | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LZ84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1595982.43   | 3.25%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320147.10    | 0.65%             | 2050-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                            | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE      | CUSIP: 524292BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024642.80   | 2.09%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BT24<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1928848.30   | 3.93%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                      | CHICAGO IL                                                   | CUSIP: 167486M48<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2303557.44   | 4.69%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                    | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2386943.78   | 4.86%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                       | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE           | CUSIP: 71780CBY5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996400.70    | 2.03%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                            | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE      | CUSIP: 160853UN5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.41%             | 2048-01-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                  | CUSIP: 64966QQC7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2400598.92   | 4.89%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                    | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                     | CUSIP: 19645URF3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983944.20    | 2.00%             | 2044-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                              | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1702969.28   | 3.47%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                 | LEHIGH CNTY PA GEN PURPOSE AUTH REVENUES                     | CUSIP: 52480RGH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $486475.25    | 0.99%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                  | CUSIP: 64966LLS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.20%             | 2040-03-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XHT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.61%             | 2042-08-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                 | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000070.80   | 4.07%             | 2035-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                           | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CH8<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2164241.00   | 4.41%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                        | FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE                    | CUSIP: 34061QBE6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1977543.00   | 4.03%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                 | LEHIGH CNTY PA GEN PURPOSE AUTH REVENUES                     | CUSIP: 52480RGJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1457721.20   | 2.97%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                  | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                      | CUSIP: 267045NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2328412.00   | 4.74%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                 | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005236.80   | 2.05%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board             | SHELBY CNTY TN HLTH EDUCTNL & HSG FACS BRD HLTH CARE REVENUE | CUSIP: 821691AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120349.40   | 4.32%             | 2039-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1568823.15   | 3.20%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A6E2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    800000 | PA      | $840465.04    | 1.71%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                               | INDIANA ST FIN AUTH HLTH FAC REVENUE                         | CUSIP: 45471CCK2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562430.00   | 3.18%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                      | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392275FF5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1686974.40   | 3.44%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                  | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSY3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1981102.20   | 4.04%             | 2054-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                           | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TCQ2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2133108.77   | 4.35%             | 2043-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                        | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                  | CUSIP: 56678PCA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $844469.55    | 1.72%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

**Name of Applicant:** MassMutual Advantage Funds

**Signature:** Renee Hitchcock

**Name of Signer:** Renee Hitchcock

**Title:** CFO and Treasurer