MML Barings Global Floating Rate A (BXFAX)
| Fund Assets | 104.39M |
| Expense Ratio | 1.00% |
| Min. Investment | $1,000 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 6.77% |
| Dividend Growth | -16.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 8.28 |
| YTD Return | 0.94% |
| 1-Year Return | 2.99% |
| 5-Year Return | n/a |
| 52-Week Low | 8.24 |
| 52-Week High | 8.62 |
| Beta (5Y) | 0.41 |
| Holdings | 309 |
| 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 2.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.46%.
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 |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.05128 | Jun 30, 2026 |
| May 29, 2026 | $0.04541 | May 29, 2026 |
| Apr 30, 2026 | $0.04765 | Apr 30, 2026 |
| Mar 31, 2026 | $0.05194 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04427 | Mar 2, 2026 |
| Jan 30, 2026 | $0.04597 | Feb 2, 2026 |