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Morningstar

MassMutual Strategic Bond A MSBAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.90  /  0.00
  • Total Assets 457.2 Mil
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 0.970%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.02%
  • Effective Duration 7.88 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 12:15 AM GMT+00:00

Morningstar’s Analysis MSBAX

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

People Pillar

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

Summary

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A middling Parent Pillar and a subpar Process Pillar help limit MassMutual Strategic Bond A to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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