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Morningstar

MassMutual Diversified Bond A MDVAX

Morningstar Medalist Rating
Medalist Rating as of | See MassMutual Investment Hub
  • NAV / 1-Day Return 8.16  /  +0.38 %
  • Total Assets 127.2 Mil
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.090%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.90%
  • Effective Duration 5.91 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:04 AM GMT+0

Morningstar’s Analysis MDVAX

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

  • People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MDVAX

More MDVAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 24

6.20 10.0 Mil
Government

Us Long Bond(Cbt) Sep24 Xcbt 20240919

4.18 6.7 Mil
Government

Xcel Energy Inc 0%

3.09 5.0 Mil
Cash and Equivalents

Us 5yr Note (Cbt) Sep24 Xcbt 20240930

2.77 4.5 Mil
Government

Us Ultra Bond Cbt Sep24 Xcbt 20240919

2.48 4.0 Mil
Government

Federal National Mortgage Association 2.5%

2.38 3.8 Mil
Securitized

WILLIAMS COS INC 0%

1.85 3.0 Mil
Cash and Equivalents

Parker-Hannifin Corp. 0%

1.85 3.0 Mil
Cash and Equivalents

NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQM3 3.39841%

1.71 2.8 Mil
Securitized

Federal National Mortgage Association 5%

1.68 2.7 Mil
Securitized