# EDGAR Filing Document

**Accession Number:** 0001859808
**File Stem:** 0001410368-26-053550
**Filing Date:** 2026-5
**Character Count:** 19899
**Document Hash:** 0b6bb93cb1a4e1304d3352885379c975
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-053550.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001410368-26-053550

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260930

**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:** 261027329

**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

### MML 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:** MML 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:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $56337204.20

**Total Liabilities:** $261766.55

**Net Assets:** $56075437.65

**Cash Not Reported:** $42349.79

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -55.71000000 | **1-Year:** -966.02000000 | **5-Year:** -7039.94000000 | **10-Year:** -16207.37000000 | **30-Year:** -4667.31000000

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

- **3-Month:** -22.34000000 | **1-Year:** -551.02000000 | **5-Year:** -4360.26000000 | **10-Year:** -9183.99000000 | **30-Year:** -1762.89000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248053 | 0.99%                | 1.62%                | -2.78%               |
| Class ID C000248054 | 1.02%                | 1.65%                | -2.75%               |
| Class ID C000248055 | 1.01%                | 1.64%                | -2.75%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $402879.73                                 |
| Month 2  | $989.66                  | $772034.33                                 |
| Month 3  | $0.00                    | $-1788542.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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      | $1002746.20   | 1.79%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                     | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EYA8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949067.80    | 1.69%             | 2056-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                 | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RGD9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $550151.05    | 0.98%             | 2033-07-01      | Fixed         | 5.00%                 | 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      | $2097429.00   | 3.74%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE      | CUSIP: 160853UL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.36%             | 2048-01-15      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                          | CHICAGO IL                                                   | CUSIP: 167486M48<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2290678.08   | 4.08%             | 2035-01-01      | Fixed         | 4.00%                 | 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      | $1689506.18   | 3.01%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                        | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167591BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1272948.07   | 2.27%             | 2041-01-01      | Fixed         | 5.00%                 | 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      | $1388942.78   | 2.48%             | 2039-01-01      | Fixed         | 5.00%                 | 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      | $995495.50    | 1.78%             | 2044-04-01      | Fixed         | 5.50%                 | 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      | $2031564.60   | 3.62%             | 2044-08-01      | 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      | $2308949.59   | 4.12%             | 2051-07-01      | 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      | $1952564.60   | 3.48%             | 2038-11-15      | Fixed         | 4.00%                 | 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      | $1713791.68   | 3.06%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                           | ILLINOIS ST                                                  | CUSIP: 452153JY6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2355969.38   | 4.20%             | 2041-05-01      | 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      | $1559447.40   | 2.78%             | 2044-03-01      | Fixed         | 5.50%                 | 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      | $2413316.48   | 4.30%             | 2042-10-01      | Fixed         | 5.25%                 | 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      | $1016202.80   | 1.81%             | 2039-08-15      | 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      | $486938.35    | 0.87%             | 2041-02-01      | Fixed         | 5.00%                 | 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      | $1459035.72   | 2.60%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                       | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549541.40   | 2.76%             | 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      | $847362.32    | 1.51%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority              | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WJ6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $646890.88    | 1.15%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                         | NEW YORK NY                                                  | CUSIP: 64966QQC7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2373723.13   | 4.23%             | 2040-08-01      | Fixed         | 4.00%                 | 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      | $2159926.94   | 3.85%             | 2043-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                          | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B7B8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1079108.21   | 1.92%             | 2043-05-01      | 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      | $1933876.60   | 3.45%             | 2040-07-01      | Fixed         | 5.00%                 | 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      | $317994.27    | 0.57%             | 2050-06-30      | Fixed         | 6.00%                 | 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      | $2008768.80   | 3.58%             | 2054-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority               | PALM BEACH CNTY FL HLTH FACS AUTH                            | CUSIP: 69650MAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1048935.90   | 1.87%             | 2042-11-15      | Fixed         | 5.00%                 | 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      | $1008806.00   | 1.80%             | 2039-06-15      | 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      | $1576844.87   | 2.81%             | 2044-04-01      | Fixed         | 4.00%                 | 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      | $2115012.20   | 3.77%             | 2039-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                     | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515T2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1835832.43   | 3.27%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District           | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061068.20   | 1.89%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp VI            | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP VI GAS SPLY REV    | CUSIP: 88256FAK8<br>LEI: 254900OCOQCKZZ4U6C83 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2245654.76   | 4.00%             | 2036-01-01      | Fixed         | 5.00%                 | 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      | $1978179.60   | 3.53%             | 2035-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-17

**Name of Applicant:** MassMutual Advantage Funds

**Signature:** Renee Hitchcock

**Name of Signer:** Renee Hitchcock

**Title:** CFO and Treasurer