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Trending ETFs

MassMutual Core Bond Fund

mutual fund
MMNWX
Payout Change
Pending
Price as of:
$9.12 +0.06 +0.66%
primary theme
N/A
share class
Admin (MCBLX) R3 (MCBNX) R5 (MCBDX) R4 (MCZRX) Y (MMNWX) I (MCZZX) A (MMCBX) S (MCBYX)
MMNWX (Mutual Fund)

MassMutual Core Bond Fund

Payout Change
Pending
Price as of:
$9.12 +0.06 +0.66%
primary theme
N/A
share class
Admin (MCBLX) R3 (MCBNX) R5 (MCBDX) R4 (MCZRX) Y (MMNWX) I (MCZZX) A (MMCBX) S (MCBYX)
MMNWX (Mutual Fund)

MassMutual Core Bond Fund

Payout Change
Pending
Price as of:
$9.12 +0.06 +0.66%
primary theme
N/A
share class
Admin (MCBLX) R3 (MCBNX) R5 (MCBDX) R4 (MCZRX) Y (MMNWX) I (MCZZX) A (MMCBX) S (MCBYX)

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MassMutual Core Bond Fund

MMNWX | Fund

$9.12

$634 M

4.49%

$0.41

0.55%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$634 M

Holdings in Top 10

20.0%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MassMutual Core Bond Fund

MMNWX | Fund

$9.12

$634 M

4.49%

$0.41

0.55%

MMNWX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MassMutual Core Bond Fund
  • Fund Family Name
    MASSMUTUAL FUNDS
  • Inception Date
    Jan 24, 2024
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Principal Investment Strategies
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade fixed income securities (rated Baa3 or higher by Moody’s, BBB- or higher by Standard & Poor’s or the equivalent by any other nationally recognized statistical rating organization, or, if unrated, determined to be of comparable quality by the Fund’s subadviser, Barings LLC (“Barings”), or sub-subadviser, Baring International Investment Limited (“BIIL”)). These typically include U.S. dollar-denominated corporate obligations, securities issued or guaranteed by the U.S. Government or its agencies or
instrumentalities, U.S. and foreign issuer dollar-denominated bonds including, but not limited to, corporate obligations, government and agency issues, private placement bonds, securities subject to resale pursuant to Rule 144A, and mortgage-backed and other asset-backed securities, including collateralized bond and loan obligations. In the event that a security is downgraded after its purchase by the Fund, the Fund may continue to hold the security if Barings or BIIL considers that doing so would be consistent with the Fund’s investment objective.
In pursuing its investment objective, the Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter derivatives, including, but not limited to, futures contracts and forward contracts, including derivatives thereof (for hedging purposes, to adjust various portfolio characteristics, including the duration (interest rate volatility) of the Fund’s portfolio, or as a substitute for direct investments); interest rate swaps (for hedging purposes or as a substitute for direct investments); total return swaps (for hedging purposes or to gain exposure to securities or markets in which it might not be able to invest directly); and credit default swaps (for hedging purposes or as a substitute for direct investments). The Fund may invest in common stocks, exchange-traded funds (“ETFs”), or other equity securities and derivatives thereof for hedging purposes or to enhance total return. Use of derivatives by the Fund may create investment leverage.
The Fund may invest in money market securities, including commercial paper. The Fund may enter into repurchase agreement transactions. The Fund may at times have significant exposure to one or more industries or sectors. The Fund may hold a portion of its assets in cash or cash equivalents. The Fund may purchase and sell securities on a when-issued, delayed delivery, to-be-announced, or forward commitment basis, and may enter into dollar roll or reverse repurchase agreement transactions.
The Fund may invest in other investment companies, including investment companies that are advised by the Fund’s investment adviser, subadviser, sub-subadviser, or its affiliates, or by unaffiliated parties.
Barings or BIIL intends for the Fund’s portfolio dollar-weighted average duration generally to match (within 10%) the average duration of the Bloomberg U.S. Aggregate Bond Index (as of
December 31, 2023, the average duration of the Index was 6.24 years). Duration measures the price sensitivity of a bond to changes in interest rates. Duration is the dollar weighted average time to maturity of a bond utilizing the present value of all future cash flows.
Barings or BIIL selects the Fund’s investments based on its analysis of opportunities and risks of various fixed income securities and market sectors. Currently, Barings or BIIL may consider the following factors (which may change over time and in particular cases): the perceived potential for high income offered by different types of corporate and government obligations (including mortgage-backed and other asset-backed securities); diversification among industries and issuers, credit ratings, and sectors; and the relative values offered by different securities. Barings or BIIL may choose to sell securities with deteriorating credit or limited upside potential compared to other securities.
The Fund expects that it will engage in active and frequent trading and so will typically have a relatively high portfolio turnover rate.
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MMNWX - Performance

Return Ranking - Trailing

Period MMNWX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period MMNWX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period MMNWX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period MMNWX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

MMNWX - Holdings

Concentration Analysis

MMNWX Category Low Category High MMNWX % Rank
Net Assets 634 M N/A N/A N/A
Number of Holdings 393 N/A N/A N/A
Net Assets in Top 10 127 M N/A N/A N/A
Weighting of Top 10 20.03% N/A N/A N/A

Top 10 Holdings

  1. SINGLE FAMILY MORTGAGE 3.29%
  2. 10/26 4.625 2.36%
  3. SHORT TERMS 2.36%
  4. SINGLE FAMILY MORTGAGE 2.24%
  5. 08/49 2.25 2.23%
  6. BGME 2021 VR C 144A 2.01%
  7. SINGLE FAMILY MORTGAGE 1.50%
  8. SHORT TERMS 1.41%
  9. FN 06/52 FIXED 3.5 1.37%
  10. SHORT TERMS 1.26%

Asset Allocation

Weighting Return Low Return High MMNWX % Rank
Bonds 		82.73% N/A N/A N/A
Other 		16.95% N/A N/A N/A
Cash 		13.95% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High MMNWX % Rank
Cash & Equivalents 		13.95% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High MMNWX % Rank
US 		82.73% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

MMNWX - Expenses

Operational Fees

MMNWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% N/A N/A N/A
Management Fee 0.38% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

MMNWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

MMNWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

MMNWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

MMNWX - Distributions

Dividend Yield Analysis

MMNWX Category Low Category High MMNWX % Rank
Dividend Yield 4.49% N/A N/A N/A

Dividend Distribution Analysis

MMNWX Category Low Category High Category Mod
Dividend Distribution Frequency Annual

Net Income Ratio Analysis

MMNWX Category Low Category High MMNWX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

MMNWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

MMNWX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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