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MPHAX MassMutual Premier High Yield A

  • Fund
  • MPHAX
  • Price as of: Jan 19, 2018
  • $8.98
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

MPHAX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return 6.3%
  • Net Assets $484 M
  • Holdings in Top 10 14.3%

52 WEEK LOW AND HIGH

$8.98
$8.92
$9.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.09%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name MassMutual Premier High Yield Fund
  • Fund Family Name MassMutual
  • Inception Date Nov 01, 2004
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Scott D. Roth

Fund Description

The fund invests primarily in lower rated U.S. debt securities, including securities in default. It invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in lower rated fixed income securities (rated below Baa3 by Moody's, below BBB- by Standard & Poor's or the equivalent by any NRSRO (using the lower rating) or, if unrated, determined to be of below investment grade quality by the fund's subadviser.

MPHAX - Performance

Return Ranking - Trailing

Period MPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.6% -53.6% 10775.8% 23.02% 2
1 Yr 7.1% -30.5% 36.8% 32.41% 2
3 Yr 6.7% * -15.5% 12.8% 5.51% 1
5 Yr 6.3% * -10.1% 13.4% 5.79% 1
10 Yr 7.2% * -12.5% 12.4% 21.01% 2

* Annualized


Return Ranking - Calendar

Period MPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.9% -72.4% 28.5% 46.10% 4
2016 8.1% -23.4% 332.1% 21.28% 2
2015 -7.1% -34.3% 1.0% 23.57% 2
2014 -7.6% -21.7% 31.6% 63.73% 5
2013 2.0% -16.9% 22.2% 15.76% 1

Total Return Ranking - Trailing

Period MPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.6% -53.6% 10775.8% 22.74% 2
1 Yr 0.9% -30.5% 36.8% 89.04% 5
3 Yr 4.6% * -15.5% 12.8% 48.30% 3
5 Yr 5.1% * -10.1% 13.4% 27.02% 2
10 Yr 6.6% * -12.5% 12.4% 42.01% 3

* Annualized


Total Return Ranking - Calendar

Period MPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.9% -72.4% 28.5% 46.41% 4
2016 8.1% -13.3% 332.1% 35.35% 3
2015 -1.1% -30.4% 9.9% 14.24% 1
2014 1.6% -18.4% 55.9% 22.18% 2
2013 13.6% -16.9% 39.9% 6.81% 1

NAV & Total Return History

MPHAX - Holdings

Filings data as of: Dec 31, 2017

Concentration Analysis

MPHAX Category Low Category High MPHAX % Rank Quintile
Net Assets 484 M 696 K 24.7 B 16.56% 3
Number of Holdings 203 1 1518 19.63% 4
Net Assets in Top 10 69.1 M -32.2 M 3.02 B 14.42% 3
Weighting of Top 10 14.3% 0.0% 100.0% 12.12% 2

Top 10 Holdings

  1. Coveris Hldgs S A 144A 7.875% 2.10%
  2. Deck Chassis Acquisition 144A 10% 1.53%
  3. Balboa Merger Sub 144A 11.375% 1.50%
  4. Ope Kag Fin Sub 144A 7.875% 1.46%
  5. Centene Corporation Bridge Term Loan 1.44%
  6. Brunswick 7.125% 1.16%
  7. Kosmos Engy 144A 7.875% 1.38%
  8. Vrx Escrow 144A 6.125% 1.08%
  9. Sprint 7.875% 1.55%
  10. Nrg Engy 7.25% 1.07%

Asset Allocation

Weighting Category Low Category High MPHAX % Rank Quintile
Bonds
96.74% -9.02% 107.80% 4.29% 1
Cash
2.27% -11.47% 109.02% 21.47% 4
Other
1.00% -8.18% 38.60% 11.20% 2
Stocks
0.00% 0.00% 97.83% 17.18% 4
Preferred Stocks
0.00% 0.00% 22.74% 19.17% 5
Convertible Bonds
0.00% 0.00% 20.57% 15.64% 4

Bond Sector Breakdown

Weighting Category Low Category High MPHAX % Rank Quintile
Corporate
96.73% 0.00% 105.13% 4.29% 1
Cash & Equivalents
2.27% -7.60% 100.00% 21.17% 4
Derivative
0.00% -19.62% 9.02% 5.06% 3
Securitized
0.00% 0.00% 58.17% 15.34% 4
Municipal
0.00% 0.00% 100.00% 3.99% 3
Government
0.00% -6.62% 72.21% 14.11% 4

Bond Geographic Breakdown

Weighting Category Low Category High MPHAX % Rank Quintile
US
85.97% -9.02% 100.00% 4.91% 1
Non US
10.77% -0.07% 50.00% 22.70% 4

MPHAX - Expenses

Operational Fees

MPHAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.09% 0.00% 5.43% 18.89% 3
Management Fee 0.48% 0.00% 1.00% 5.52% 2
12b-1 Fee 0.25% 0.00% 1.00% 3.98% 2
Administrative Fee 0.15% 0.00% 0.45% 3.23% 4

Sales Fees

MPHAX Fees (% of AUM) Category Low Category High MPHAX Rank Quintile
Front Load 5.75% 2.00% 5.75% 0.79% 5
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

MPHAX Fees (% of AUM) Category Low Category High MPHAX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MPHAX Fees (% of AUM) Category Low Category High MPHAX Rank Quintile
Turnover 70.00% 7.00% 1517.00% 9.37% 4

MPHAX - Distributions

Dividend Yield Analysis

MPHAX Category Low Category High MPHAX % Rank Quintile
Dividend Yield 0.6% 0.00% 6.16% 13.05% 1

Dividend Distribution Analysis

MPHAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MPHAX Category Low Category High MPHAX % Rank Quintile
Net Income Ratio 6.09% -2.30% 8.71% 7.83% 1

Capital Gain Distribution Analysis

MPHAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

MPHAX - Managers

Scott D. Roth

Manager

Start Date

Dec 03, 2010

Tenure

7.08

Tenure Rank

8.2%

Scott D. Roth, CFA, is a Director and member of Barings’ Global Fixed Income Team. In addition, prior to joining Barings in 2002, was employed by Webster Bank, was a high yield analyst at Times Square Capital Management, and was an underwriter at Chubb Insurance Company.


Sean M. Feeley

Manager

Start Date

Dec 03, 2010

Tenure

7.08

Tenure Rank

8.2%

Sean Feeley is a Managing Director and Head of Portfolio Management for Barings’ U.S. High Yield Investments Group. Additionally, Mr. Feeley is also a member of the firm’s U.S. High Yield Investment Committee, Global High Yield Committee and the Global Strategy Committee. His responsibilities include portfolio management for various high yield bond total return strategies. Mr. Feeley has more than many years of experience in the credit market across a variety of industries. Prior to joining Barings in 2003, he worked at Cigna Investment Management in project finance and at Credit Suisse in its leveraged finance group.


Tenure Analysis

Category Low

0.0

Category High

57.6

Category Average

6.78

Category Mode

3.0