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Morningstar

MassMutual Global Floating Rate I BXFIX

Morningstar Medalist Rating
Medalist Rating as of | See MassMutual Investment Hub
  • NAV / 1-Day Return 8.79  /  +0.06 %
  • Total Assets 123.0 Mil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 9.34%
  • Effective Duration 0.24 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:28 AM GMT+0

Morningstar’s Analysis BXFIX

Will BXFIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BXFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BXFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BXFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

MassMutual Global Floating Rate I boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BXFIX

More BXFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fixed Inc Clearing Corp.Repo

8.29 10.5 Mil
Cash and Equivalents

Nidda Healthcare Holding Ag 2020 Eur Tl F

1.20 1.5 Mil
Corporate

Radiology Partners Inc 2024 Extended Term Loan B

1.19 1.5 Mil
Corporate

Verisure Holding Ab 2021 Euro Term Loan

1.16 1.5 Mil
Corporate

TELENET INT FINANCE SARL 2020 EUR TL AQ

1.07 1.4 Mil
Corporate

Ivc Acquisition Ltd 2023 Eur Term Loan B

1.03 1.3 Mil
Corporate

CLYDESDALE ACQ HOLDINGS INC. TERM LOAN B

1.02 1.3 Mil
Corporate

AVEANNA HEALTHCARE LLC 2021 2ND LIEN TERM LOAN

1.00 1.3 Mil
Corporate

Iris Bidco Limited 2018 Gbp Term Loan B

0.99 1.3 Mil
Corporate

1011778 Bc Unlmtd Liability Co 2023 Term Loan B5

0.86 1.1 Mil
Corporate