MassMutual Global Floating Rate Fund Class A (BXFAX)
| Fund Assets | 128.12M |
| Expense Ratio | 1.00% |
| Min. Investment | $1,000 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 7.07% |
| Dividend Growth | -14.27% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.62 |
| YTD Return | -0.96% |
| 1-Year Return | 2.65% |
| 5-Year Return | 23.99% |
| 52-Week Low | 8.19 |
| 52-Week High | 8.70 |
| Beta (5Y) | n/a |
| Holdings | 303 |
| 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 2.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.68%.
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 High Income Fund | n/a |
Top 10 Holdings
17.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Inc Clearing Corp.Repo | n/a | 4.77% |
| Eur | n/a | 4.58% |
| Lorca Holdco Limited 2025 Eur Term Loan B | n/a | 1.25% |
| Cd+r Firefly Bidco Limited 2025 Gbp Term Loan | n/a | 1.03% |
| BROADSTREET PARTNERS INC 2024 TERM LOAN B4 | BROPAR.L 06.16.31 16 | 0.91% |
| Lsf10 Xl Bidco Sca 2025 Eur Term Loan B5 | n/a | 0.91% |
| Nuuday A S Eur Term Loan B | n/a | 0.91% |
| Techem Verwaltungsgesellschaft 675 mbh 5.074% | TCHEN.F 07.15.32 REGS | 0.90% |
| Fugue Finance Bv 2025 Eur Term Loan B | n/a | 0.90% |
| Casper Bidco Sas 2025 Eur Term Loan B | n/a | 0.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04597 | Feb 2, 2026 |
| Dec 31, 2025 | $0.04961 | Jan 2, 2026 |
| Nov 28, 2025 | $0.04279 | Dec 1, 2025 |
| Oct 31, 2025 | $0.04706 | Nov 3, 2025 |
| Sep 30, 2025 | $0.05002 | Oct 1, 2025 |
| Aug 29, 2025 | $0.05257 | Sep 2, 2025 |