MassMutual Select T. Rowe Price Bond Asset Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.6%
1 yr return
3.5%
3 Yr Avg Return
-2.1%
5 Yr Avg Return
0.4%
Net Assets
$623 M
Holdings in Top 10
22.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 255.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MMBEX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return -2.1%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.89%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual Select T. Rowe Price Bond Asset Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateFeb 09, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKenneth Orchard
Fund Description
MMBEX - Performance
Return Ranking - Trailing
Period | MMBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -59.5% | 0.9% | 28.16% |
1 Yr | 3.5% | -15.5% | 19.7% | 15.87% |
3 Yr | -2.1%* | -4.3% | 4.2% | 13.93% |
5 Yr | 0.4%* | -2.5% | 4.1% | N/A |
10 Yr | N/A* | -3.0% | 2.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | MMBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -15.2% | 0.9% | 12.50% |
2022 | -18.5% | -10.9% | 12.2% | 83.51% |
2021 | -3.6% | -10.8% | 14.8% | 23.96% |
2020 | 2.2% | -15.3% | 0.6% | N/A |
2019 | 5.6% | -44.4% | 14.4% | N/A |
Total Return Ranking - Trailing
Period | MMBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -59.5% | 0.9% | 25.24% |
1 Yr | 3.5% | -16.6% | 30.5% | 13.74% |
3 Yr | -2.1%* | -5.2% | 10.9% | 14.49% |
5 Yr | 0.4%* | -2.8% | 7.4% | N/A |
10 Yr | N/A* | -3.0% | 3.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MMBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.6% | -15.2% | 0.9% | 12.50% |
2022 | -13.3% | -10.9% | 12.2% | 83.51% |
2021 | -0.4% | -10.8% | 14.8% | 27.60% |
2020 | 5.7% | -15.3% | 3.8% | N/A |
2019 | 9.3% | -44.4% | 14.4% | N/A |
NAV & Total Return History
MMBEX - Holdings
Concentration Analysis
MMBEX | Category Low | Category High | MMBEX % Rank | |
---|---|---|---|---|
Net Assets | 623 M | 74.5 K | 14.7 B | 41.18% |
Number of Holdings | 1509 | 4 | 4562 | 18.96% |
Net Assets in Top 10 | 140 M | -112 M | 3.66 B | 34.12% |
Weighting of Top 10 | 22.41% | 4.7% | 100.0% | 28.37% |
Top 10 Holdings
- STIF-TYPE INSTRUMENT 4.53%
- 01/27 1.5 3.37%
- 09/26 4.625 2.12%
- 08/30 0.625 2.03%
- 10/26 4.625 1.98%
- 12/27 0.625 1.83%
- 01/24 2.25 1.74%
- 01/24 0.00000 1.72%
- 08/42 3.375 1.63%
- 07/33 1.375 1.45%
Asset Allocation
Weighting | Return Low | Return High | MMBEX % Rank | |
---|---|---|---|---|
Bonds | 91.31% | 0.00% | 220.33% | 60.66% |
Other | 5.01% | -9.71% | 100.00% | 82.94% |
Cash | 4.94% | -130.07% | 95.62% | 35.07% |
Convertible Bonds | 1.35% | 0.00% | 11.19% | 47.39% |
Stocks | 0.00% | 0.00% | 7.47% | 89.10% |
Preferred Stocks | 0.00% | 0.00% | 2.87% | 23.70% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MMBEX % Rank | |
---|---|---|---|---|
Government | 42.84% | 0.30% | 99.47% | 58.17% |
Corporate | 22.21% | 0.00% | 98.62% | 42.31% |
Securitized | 20.69% | 0.00% | 52.02% | 11.06% |
Cash & Equivalents | 4.94% | 0.00% | 95.62% | 22.12% |
Municipal | 0.05% | 0.00% | 7.95% | 33.65% |
Derivative | -0.32% | 0.00% | 74.77% | 42.79% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MMBEX % Rank | |
---|---|---|---|---|
US | 68.89% | -5.52% | 107.53% | 5.69% |
Non US | 22.42% | 0.00% | 112.80% | 95.73% |
MMBEX - Expenses
Operational Fees
MMBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.11% | 0.02% | 3.65% | 96.24% |
Management Fee | 0.00% | 0.00% | 2.08% | 0.98% |
12b-1 Fee | N/A | 0.00% | 1.00% | 13.33% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
MMBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.00% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MMBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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.
MMBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 255.00% | 6.00% | 354.00% | 95.86% |
MMBEX - Distributions
Dividend Yield Analysis
MMBEX | Category Low | Category High | MMBEX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.23% | 0.00% | 17.40% | 86.73% |
Dividend Distribution Analysis
MMBEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MMBEX | Category Low | Category High | MMBEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.89% | -1.08% | 5.77% | 41.67% |
Capital Gain Distribution Analysis
MMBEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.190 | OrdinaryDividend |
Dec 15, 2022 | $0.542 | OrdinaryDividend |
Dec 17, 2019 | $0.365 | OrdinaryDividend |
Dec 18, 2018 | $0.333 | OrdinaryDividend |
MMBEX - Fund Manager Analysis
Managers
Kenneth Orchard
Start Date
Tenure
Tenure Rank
Feb 09, 2018
4.31
4.3%
Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment Team. He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies. Mr. Orchard earned a B.A. in international relations from the University of British Columbia and an M.Sc. in public financial policy from the London School of Economics. He has also earned the Chartered Financial Analyst designation.
Arif Husain
Start Date
Tenure
Tenure Rank
Feb 09, 2018
4.31
4.3%
Arif Husain is head of International Fixed Income at T. Rowe Price and a member of the Global Fixed Income Investment Team. Mr. Husain is lead portfolio manager for the Global Aggregate and Global Unconstrained Bond Strategies and is co-portfolio manager for the firm's International Bond and Institutional International Bond Strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. Mr. Husain has 20 years of investment experience, two of which have been with T. Rowe Price. Prior to joining the firm in 2013, he spent 14 years as director of both European Fixed Income and Euro Portfolio Management at AllianceBernstein. He was also a member of the global fixed income and absolute return portfolio management teams. Mr. Husain previously worked as assistant director of European Derivatives Trading at Greenwich NatWest and also traded interest rate swaps at Bank of America National Trust & Savings Association. Mr. Husain received a B.Sc. (hons.) in banking and international finance from the City University, London Business School. He also has earned the Chartered Financial Analyst designation.
Stephen Bartolini
Start Date
Tenure
Tenure Rank
Feb 09, 2018
4.31
4.3%
Steve Bartolini has served as cochairman of the Investment Advisory Committee since January 2018 and became sole chairman in December 2018 at T. Rowe Price Associates, Inc. He joined the Firm in 2010 and his investment experience dates from 2000. During the past several years, he has served as a portfolio manager (beginning in 2016) and, prior to that, as an associate portfolio manager of the U.S. Inflation Protected Bond and U.S. Short-Term Inflation Focused Bond strategies, a member of the fixed income division’s Global Interest Rates and Currencies Strategy team, and a fixed income trader. Before joining T. Rowe Price in 2010, he spent nine years at Fannie Mae in the capital markets area, where he worked as director of portfolio management, senior trader, and analyst. He earned a B.S. in economics from George Washington University and an M.B.A. in finance from the University of Maryland, Robert H. Smith School of Business. Steve also has earned the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 28.31 | 6.8 | 3.67 |