About MPHNX
MassMutual High Yield Fund Class R3 is a mutual fund designed to achieve a high level of total return, with an emphasis on current income, through active management of a portfolio primarily invested in high yield debt securities and related instruments. Subadvised by Barings, a tenured global fixed income manager, the fund leverages nearly 50 dedicated U.S. high yield resources for bottom-up credit analysis across over 1,300 loan and bond issuers, focusing on improving company fundamentals and a team-based approach to credit selection for consistent performance and capital preservation. Key features include long-standing relationships with major investment banks for access to new-issue deal flow and secondary market opportunities, alongside a diversified portfolio of 308 holdings emphasizing below-investment-grade securities: BB-rated at 43%, B-rated at 36%, and lower ratings comprising the balance, benchmarked against the Bloomberg U.S. Corporate High-Yield Index. With a net expense ratio of 1.24%, inception in November 2004, and assets around $527 million, it holds strong Morningstar ratings, including four stars overall as of mid-2022, underscoring its role in providing income-oriented exposure within the high yield bond category amid various market cycles.
Fund Family MassMutual
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MPHNX
Share Class Class R3
Index Bloomberg U.S. Corporate High Yield TR
MPHNX had a total return of 2.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.56%.
