# EDGAR Filing Document

**Accession Number:** 0001859808
**File Stem:** 0001410368-26-053562
**Filing Date:** 2026-5
**Character Count:** 23733
**Document Hash:** 4a5cde49e9eb10086d8eda3d25024b0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-053562.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001410368-26-053562

**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:** 261027341

**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 Limited Term Municipal Fund (Series ID: S000083942)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000248059 | Class Y      | MMZQX           |
| C000248060 | Class A      | MMJDX           |
| C000248061 | Class I      | MMZPX           |

## 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 Limited Term Municipal Fund

- **b. EDGAR series identifier (if any):** S000083942

- **c. LEI of Series:** 254900LLC3WXTAOMNA59

**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:** $62665819.59

**Total Liabilities:** $1315835.55

**Net Assets:** $61349984.04

**Delayed Delivery Securities:** $1094190.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -355.22000000 | **1-Year:** -935.63000000 | **5-Year:** -8688.08000000 | **10-Year:** -4253.39000000 | **30-Year:** -608.17000000

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

- **3-Month:** -21.77000000 | **1-Year:** -1381.34000000 | **5-Year:** -5972.01000000 | **10-Year:** -3209.72000000 | **30-Year:** -52.60000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248059 | 1.01%                | 0.73%                | -1.85%               |
| Class ID C000248060 | 0.99%                | 0.71%                | -1.87%               |
| Class ID C000248061 | 1.02%                | 0.73%                | -1.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5399.59                 | $448755.07                                 |
| Month 2  | $11839.74                | $304064.50                                 |
| Month 3  | $0.00                    | $-1319867.20                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California Enterprise Development Authority                             | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RGD9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $550151.05    | 0.90%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canutillo Independent School District/TX                                | CANUTILLO TX INDEP SCH DIST                                  | CUSIP: 138735ZY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1541670.09   | 2.51%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                 | CAPITAL TRUST AUTH FL HLTH CARE FACS REVENUE                 | CUSIP: 14055GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2051813.99   | 3.34%             | 2030-12-01      | 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        |   1500000 | PA      | $1573071.75   | 2.56%             | 2032-09-01      | 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      | $2290678.08   | 3.73%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                   | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736G50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1240673.63   | 2.02%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                   | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145UY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2128472.96   | 3.47%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                     | DALTON WHITFIELD CNTY JT DEV AUTH                            | CUSIP: 235641AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2885606.08   | 4.70%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                    | FAYETTE CNTY GA DEV AUTH REVENUE                             | CUSIP: 31222PAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151244.19    | 0.25%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                    | FAYETTE CNTY GA DEV AUTH REVENUE                             | CUSIP: 31222PAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153644.78    | 0.25%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                        | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QXH4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008619.80   | 3.27%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | ILLINOIS ST                                                  | CUSIP: 452153KS7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2466693.68   | 4.02%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                               | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1635114.45   | 2.67%             | 2063-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                 | LEHIGH CNTY PA GEN PURPOSE AUTH REVENUES                     | CUSIP: 52480RGB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529819.55    | 0.86%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                 | LEHIGH CNTY PA GEN PURPOSE AUTH REVENUES                     | CUSIP: 52480RGE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $545958.16    | 0.89%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                   | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399UE4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268449.35    | 0.44%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Energy Inc                                                  | MAIN STREET ENERGY INC ENERGY PROJ REVENUE                   | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2949168.53   | 4.81%             | 2033-12-01      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $1116215.40   | 1.82%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N2G7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1726832.46   | 2.81%             | 2027-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AB22<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    215000 | PA      | $215000.00    | 0.35%             | 2032-11-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AJ73<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2176923.60   | 3.55%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                               | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7W8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1305802.24   | 2.13%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                  | CUSIP: 64966LLS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230000.00    | 0.37%             | 2040-03-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                  | CUSIP: 64966MSD2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    270000 | PA      | $270000.00    | 0.44%             | 2046-10-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE FUTURE TAX    | CUSIP: 64971QZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.49%             | 2039-08-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WUK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280000.00    | 0.46%             | 2045-02-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410000.00    | 0.67%             | 2045-08-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                         | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GDC5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.41%             | 2043-06-15      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                           | OHIO ST                                                      | CUSIP: 677523LF7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2480109.84   | 4.04%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                            | PENNSYLVANIA ST                                              | CUSIP: 70914PE57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2344739.78   | 3.82%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224XS3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2278783.54   | 3.71%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                               | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MAL9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259617.13   | 2.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                      | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032BJ9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2302798.26   | 3.75%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                 | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371512M0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1123873.07   | 1.83%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                 | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151ZL6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1240526.93   | 2.02%             | 2033-12-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $2122136.40   | 3.46%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp.                                             | FIXED INC CLEARING CORP.REPO                                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   1660275 | PA      | $1660275.49   | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp               | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638THF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2396836.20   | 3.91%             | 2032-07-01      | 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        |   2150000 | PA      | $2282816.90   | 3.72%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                           | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1972038.78   | 3.21%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                             | UNIV HOSPS & CLINICS AUTH WI                                 | CUSIP: 915260FA6<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    745000 | PA      | $792973.31    | 1.29%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                             | UNIV HOSPS & CLINICS AUTH WI                                 | CUSIP: 915260FB4<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    575000 | PA      | $621859.97    | 1.01%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Valparaiso 21st Century School Building Corp                            | VALPARAISO IN 21ST CENTURY SCH BLDG CORP                     | CUSIP: 920272AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105302.10   | 1.80%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | WASHINGTON ST                                                | CUSIP: 93974EWM4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1606041.28   | 2.62%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                      | WISCONSIN ST                                                 | CUSIP: 97705MY41<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079608.10   | 1.76%             | 2031-05-01      | Fixed         | 5.00%                 | 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