MML Barings High Yield Adm (MPHLX)

Fund Assets	553.02M
Expense Ratio	0.858%
Min. Investment	$0.00
Turnover	97.00%
Dividend (ttm)	0.52
Dividend Yield	6.67%
Dividend Growth	-3.77%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.76
YTD Return	0.79%
1-Year Return	3.08%
5-Year Return	15.13%
52-Week Low	7.76
52-Week High	8.12
Beta (5Y)	0.41
Holdings	314
Inception Date	Nov 1, 2004

About MPHLX

MassMutual High Yield Fund Administrative Class is an actively managed mutual fund focused on the U.S. below‑investment‑grade bond market. Its primary objective is to deliver a high level of total return with an emphasis on current income by investing predominantly in high yield corporate debt and related securities. The portfolio centers on lower‑rated issuers and may include securities that are unrated or, in some cases, in default, reflecting its mandate to allocate the majority of assets to high‑income debt instruments. The strategy targets credit opportunities across industries, aiming to capture elevated coupon income while managing credit selection and sector exposure typical of the speculative‑grade space. In the broader market, the fund serves as a dedicated high yield allocation, providing access to the credit cycle, spread dynamics, and issuer‑specific catalysts that drive returns in non‑investment‑grade bonds. Its role complements core fixed income by potentially enhancing portfolio income and diversifying interest‑rate sensitivity through greater exposure to credit risk, consistent with the characteristics of the U.S. high yield market.

• Fund Family: MassMutual
• Category: High Yield Bond
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MPHLX
• Share Class: Administrative Class
• Index: Bloomberg U.S. Corporate High Yield TR

Performance

MPHLX had a total return of 3.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.99%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWEHX	Vanguard	Vanguard High-Yield Corporate Fund Investor Shares	0.23%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MPHZX	Class I	0.55%
BXHYX	Class Y	0.60%
MPHSX	Class R5	0.65%
DLHYX	Service Class	0.75%

Top 10 Holdings

18.15% of assets

Name	Symbol	Weight
State Street Global Advisors - State Street Navigator Securities Lending Government Money Market Portfolio	n/a	4.46%
SUPERIOR PLUS/GEN PRTNR - Superior Plus LP / Superior General Partner Inc	SPBCN.4.5 03.15.29 144A	1.71%
Sunoco LP	SUN.V7.875 PERP 144A	1.67%
ITT Holdings LLC	INTMAT.6.5 08.01.29 144A	1.66%
Seaspan Corp Pte Ltd	SSW.5.5 08.01.29 144A	1.62%
First Quantum Minerals Ltd	FMCN.6.375 02.15.36 144A	1.56%
PRA Group Inc	PRAA.5 10.01.29 144A	1.56%
CALIFORNIA BUYER/ATLANTI - California Buyer Ltd / Atlantica Sustainable Infrastructure PLC	AY.6.375 02.15.32 144A	1.42%
Jefferson Capital Holdings LLC	JEFCAP.8.25 05.15.30 144A	1.30%
Team Health Holdings Inc	TMH.13.5 06.30.28 144A	1.21%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04198	Sep 30, 2026
Aug 31, 2026	$0.04178	Aug 31, 2026
Jul 31, 2026	$0.04254	Jul 31, 2026
Jun 30, 2026	$0.04623	Jun 30, 2026
May 29, 2026	$0.04111	May 29, 2026
Apr 30, 2026	$0.04349	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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