MML Barings High Yield I (MPHZX)

Fund Assets	553.02M
Expense Ratio	0.57%
Min. Investment	$0.00
Turnover	97.00%
Dividend (ttm)	0.55
Dividend Yield	7.01%
Dividend Growth	-3.45%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.88
YTD Return	1.07%
1-Year Return	3.31%
5-Year Return	16.49%
52-Week Low	7.84
52-Week High	8.20
Beta (5Y)	0.41
Holdings	314
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.

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

Performance

MPHZX had a total return of 3.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.16%.

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	0.22%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
BXHYX	Class Y	0.60%
MPHSX	Class R5	0.65%
DLHYX	Service Class	0.75%
MPHLX	Administrative Class	0.85%

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	$0.0444	Sep 30, 2026
Aug 31, 2026	$0.04486	Aug 31, 2026
Jul 31, 2026	$0.04506	Jul 31, 2026
Jun 30, 2026	$0.04889	Jun 30, 2026
May 29, 2026	$0.04348	May 29, 2026
Apr 30, 2026	$0.04595	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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