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Morningstar

MassMutual High Yield R3 MPHNX

Morningstar Medalist Rating
Medalist Rating as of | See MassMutual Investment Hub
  • NAV / 1-Day Return 7.59  /  0.15 %
  • Total Assets 402.9 Mil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.240%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.75%
  • Effective Duration 3.75 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 11:46 PM GMT+0

Morningstar’s Analysis MPHNX

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

People Pillar

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

MassMutual High Yield R3 boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MPHNX

More MPHNX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 288
  • Other Holdings 10
  • % Assets in Top 10 Holdings 12.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Global Aircraft Leasing Co Ltd 6.5%

2.23
8,707,280
Corporate

Neptune Energy Bondco PLC 6.625%

1.73
6,751,029
Corporate

Sprint Capital Corporation 8.75%

1.45
5,665,950
Corporate

V.F. Corp 0%

1.28
4,996,344
Cash and Equivalents

HCA Inc. 3.5%

1.15
4,497,576
Corporate

FIDELITY NATL INFORMATION SERVICES 0%

1.02
3,996,527
Cash and Equivalents

Centene Corporation 4.625%

1.02
3,982,730
Corporate

Bayer Corporation 0%

1.01
3,954,341
Cash and Equivalents

Connect Finco SARL/Connect US Finco LLC 6.75%

1.00
3,916,348
Corporate

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.5%

1.00
3,888,457
Corporate