About MCBYX
MassMutual Core Bond Fund Service Class is an open-ended mutual fund focused on the U.S. fixed income market. Its primary objective is to achieve a high total rate of return while maintaining prudent investment risk and preserving capital. The fund primarily invests at least 80% of its net assets in investment grade fixed income securities, including U.S. government securities, corporate bonds, mortgage-backed, and other asset-backed securities rated Baa or higher by Moody’s or BBB or higher by S&P. Managed by MML Investment Advisers, LLC and Barings LLC, the fund utilizes a diversified approach, with more than 370 individual holdings and a relatively high portfolio turnover. It benchmarks its performance against the Bloomberg U.S. Aggregate Bond Index, aiming to match its average duration within a tight range. This core bond fund plays a central role for investors seeking broad exposure to the investment grade bond market, offering a blend of corporate, government, and securitized debts. Its strategy makes it a foundational fixed income holding for balanced portfolios, appealing to those prioritizing stable income generation and moderate interest rate risk, typical of the intermediate-term core bond category.
Fund Family MassMutual
Category Intermediate Core Bond
Performance Rating High
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol MCBYX
Share Class Service Class
Index Bloomberg U.S. Aggregate Bond TR
MCBYX had a total return of -0.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.70%.
