MassMutual High Yield I (MPHZX)
| Fund Assets | 472.93M |
| Expense Ratio | 0.54% |
| Min. Investment | $1,000 |
| Turnover | 69.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 6.91% |
| Dividend Growth | 2.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.20 |
| YTD Return | 3.22% |
| 1-Year Return | 4.55% |
| 5-Year Return | 23.09% |
| 52-Week Low | 7.72 |
| 52-Week High | 8.21 |
| Beta (5Y) | n/a |
| Holdings | 302 |
| Inception Date | Mar 1, 2011 |
About MPHZX
MassMutual High Yield Fund Class I is an actively managed mutual fund focused on below-investment-grade fixed income. Its primary objective is a high level of total return with an emphasis on current income, achieved by investing at least 80% of assets in high yield bonds and related securities, including lower-rated and, at times, defaulted issues. The strategy targets the U.S. high yield market, balancing credit selection and sector allocation to capture coupon income while managing credit and liquidity risks typical of speculative-grade debt. The fund distributes income monthly, reflecting its income-oriented mandate, and offers an institutional share class structure with a low distribution fee level and a competitive expense profile for its category. With hundreds of holdings and a limited interest-rate sensitivity profile typical of shorter effective durations in high yield, it serves as a dedicated exposure to credit risk for diversified fixed income allocations. Managed within the MassMutual family, the fund fits investors seeking concentrated access to corporate high yield markets across cyclical and defensive industries, complementing core bond holdings by providing elevated income potential and diversification along the credit spectrum.
Performance
MPHZX had a total return of 4.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.24%.
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 Inv | 0.22% |
Top 10 Holdings
23.84% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Global Advisors - State Street Navigator Securities Lending Government Money Market Portfolio | n/a | 9.01% |
| iShares Broad USD High Yield Corporate Bond ETF | USHY | 3.02% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 1.77% |
| WPP CP LLC | n/a | 1.76% |
| ITT Holdings LLC | INTMAT.6.5 08.01.29 144A | 1.62% |
| Seaspan Corp | SSW.5.5 08.01.29 144A | 1.48% |
| Talen Energy Supply LLC | TLN.8.625 06.01.30 144A | 1.40% |
| J M Smucker Co/The | n/a | 1.32% |
| Jefferson Capital Holdings LLC | JEFCAP.8.25 05.15.30 144A | 1.23% |
| Arcosa Inc | ACA.4.375 04.15.29 144A | 1.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04316 | Sep 2, 2025 |
| Jul 31, 2025 | $0.04687 | Aug 1, 2025 |
| Jun 30, 2025 | $0.04847 | Jul 1, 2025 |
| May 30, 2025 | $0.04178 | Jun 2, 2025 |
| Apr 30, 2025 | $0.04617 | May 1, 2025 |
| Mar 31, 2025 | $0.04986 | Apr 1, 2025 |