About MPHAX
MassMutual High Yield Fund Class A is a mutual fund that seeks a high level of total return, with an emphasis on current income, by investing primarily in high yield debt securities and related instruments. Subadvised by Barings, a tenured global fixed income manager, the fund employs a bottom-up credit analysis approach, focusing on improving company fundamentals through a team-based credit selection process designed to enhance performance consistency while seeking to preserve capital. It benefits from Barings' extensive network, including long-standing relationships with major investment banks for access to new-issue deal flow and secondary market trading, as well as nearly 50 dedicated U.S. high yield resources covering over 1,300 loan and bond issuers across various industries. The portfolio typically includes a diversified mix of below-investment-grade securities such as BB, B, and lower-rated bonds, alongside some investment-grade holdings, actively managed against the Bloomberg U.S. Corporate High Yield Index benchmark. Managed by MML Investment Advisers, a subsidiary of Massachusetts Mutual Life Insurance Company founded in 1851 and headquartered in Springfield, Massachusetts, this Class A share class serves investors pursuing income-oriented strategies in the high yield bond segment of the fixed income market.
Fund Family MassMutual
Category High Yield Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MPHAX
Share Class Class A
Index Bloomberg U.S. Corporate High Yield TR
MPHAX had a total return of 6.89% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.73%.
