MassMutual Global Floating Rate A (BXFAX)
| Fund Assets | 128.26M |
| Expense Ratio | 1.00% |
| Min. Investment | $1,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 7.48% |
| Dividend Growth | -15.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 8.52 |
| YTD Return | -1.21% |
| 1-Year Return | -0.35% |
| 5-Year Return | n/a |
| 52-Week Low | 8.41 |
| 52-Week High | 8.78 |
| Beta (5Y) | n/a |
| Holdings | 292 |
| Inception Date | Sep 16, 2013 |
About BXFAX
MassMutual Global Floating Rate Fund Class L is a mutual fund designed to provide a high level of current income by investing primarily in floating-rate debt securities. These instruments include loans, bonds, and notes whose interest payments adjust with prevailing short-term rates, such as SOFR or LIBOR, helping to manage interest rate risk relative to traditional fixed-rate bonds. The fund chiefly targets securities issued by corporate borrowers, focusing on credits from North America and Western Europe across a broad range of industries. With holdings diversified among hundreds of issuers, the fund carries a significant exposure to below-investment-grade credits, offering investors access to higher potential yields in exchange for greater credit risk. Its asset allocation tends to favor non-U.S. bonds and floating-rate bank loans, reflecting a global breadth in its approach. MassMutual Global Floating Rate Fund Class L plays a strategic role for investors seeking income and relative insulation from rising interest rates within a fixed income allocation, especially when market conditions cause volatility in traditional bond sectors.
Performance
BXFAX had a total return of -0.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.36%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate Hi Inc | n/a |
Top 10 Holdings
15.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Inc Clearing Corp.Repo | n/a | 6.31% |
| Nidda Healthcare Holding Ag 2025 Eur Term Loan B | n/a | 1.26% |
| Lorca Holdco Limited 2025 Eur Term Loan B | n/a | 1.22% |
| GAINWELL ACQUISITION CORP. TERM LOAN B | MILACQ.L 10.01.27 1 | 1.00% |
| BROADSTREET PARTNERS INC 2024 TERM LOAN B4 | BROPAR.L 06.16.31 16 | 0.90% |
| CHARTER NEX US INC 2024 TERM LOAN B1 | CHANEX.L 12.02.30 16 | 0.89% |
| Techem Verwaltungsgesellschaft 675 mbh | TCHEN.F 07.15.32 REGS | 0.89% |
| Casper Bidco Sas 2025 Eur Term Loan B | n/a | 0.88% |
| Fugue Finance Bv 2025 Eur Term Loan B | n/a | 0.88% |
| Nuuday A S Eur Term Loan B | n/a | 0.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.05002 | Oct 1, 2025 |
| Aug 29, 2025 | $0.05257 | Sep 2, 2025 |
| Jul 31, 2025 | $0.04983 | Aug 1, 2025 |
| Jun 30, 2025 | $0.05534 | Jul 1, 2025 |
| May 30, 2025 | $0.05524 | Jun 2, 2025 |
| Apr 30, 2025 | $0.05705 | May 1, 2025 |