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Morningstar

MassMutual Core Bond I MCZZX

Morningstar Medalist Rating
Medalist Rating as of | See MassMutual Investment Hub
  • NAV / 1-Day Return 9.24  /  0.11 %
  • Total Assets 688.2 Mil
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.420%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.88%
  • Effective Duration 5.68 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 12:25 AM GMT+0

Morningstar’s Analysis MCZZX

Will MCZZX 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 MCZZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MCZZX 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 MCZZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in MassMutual Core Bond I's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MCZZX

More MCZZX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 418
  • Other Holdings 25
  • % Assets in Top 10 Holdings 22.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bm128771 Cds Usd R V 03mevent Bm128771_receive Ccpcdx

12.51
112,000,000
Derivative

Future on 2 Year Treasury Note

7.24
64,867,500
Government

Sm125334 Irs Usd R F 3.96500 Bm125334_receive Ccpois

5.59
50,037,926
Government

Sm127757 Irs Usd R F 3.61800 Bm127757_receive Ccpois

5.44
48,746,380
Government

Sm125508 Irs Usd R F 3.74900 Bm125508_receive Ccpois

5.36
48,030,772
Government

Sm125368 Irs Usd R F 3.81500 Bm125368_receive Ccpois

5.35
47,953,066
Government

Us Ultra Bond Cbt Dec23 Xcbt 20231219

4.11
36,793,125
Government

Federal National Mortgage Association 2.5%

2.00
17,945,324
Securitized

Us 5yr Note (Cbt) Dec23 Xcbt 20231229

1.96
17,595,016
Government

Federal National Mortgage Association 4%

1.60
14,316,790
Securitized