MassMutual Diversified Bond Fund
Name
As of 03/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.9%
1 yr return
3.2%
3 Yr Avg Return
-3.7%
5 Yr Avg Return
0.2%
Net Assets
$157 M
Holdings in Top 10
26.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load 4.25%
Deferred Load N/A
TRADING FEES
Turnover 192.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MDVAX - Profile
Distributions
- YTD Total Return -0.9%
- 3 Yr Annualized Total Return -3.7%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.33%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual Diversified Bond Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateNov 13, 2001
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Ehrenberg
Fund Description
MDVAX - Performance
Return Ranking - Trailing
Period | MDVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -5.6% | 4.3% | 59.15% |
1 Yr | 3.2% | -9.7% | 17.7% | 26.81% |
3 Yr | -3.7%* | -10.5% | 26.1% | 88.27% |
5 Yr | 0.2%* | -6.6% | 191.5% | 61.27% |
10 Yr | 1.3%* | -2.3% | 73.8% | 61.17% |
* Annualized
Return Ranking - Calendar
Period | MDVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | -16.2% | 8.1% | 90.78% |
2022 | -20.0% | -34.7% | 131.9% | 96.66% |
2021 | -2.0% | -11.6% | 4.4% | 7.50% |
2020 | 0.8% | -10.1% | 946.1% | 94.21% |
2019 | 7.0% | -1.7% | 156.4% | 10.93% |
Total Return Ranking - Trailing
Period | MDVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -5.6% | 4.3% | 59.15% |
1 Yr | 3.2% | -9.7% | 17.7% | 26.81% |
3 Yr | -3.7%* | -10.5% | 26.1% | 88.27% |
5 Yr | 0.2%* | -6.6% | 191.5% | 61.27% |
10 Yr | 1.3%* | -2.3% | 73.8% | 61.17% |
* Annualized
Total Return Ranking - Calendar
Period | MDVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -11.3% | 11.0% | 58.47% |
2022 | -17.0% | -32.2% | 131.9% | 96.46% |
2021 | 1.4% | -9.4% | 9.2% | 6.12% |
2020 | 8.1% | -1.9% | 1009.0% | 54.37% |
2019 | 10.1% | 1.1% | 21668.0% | 17.31% |
NAV & Total Return History
MDVAX - Holdings
Concentration Analysis
MDVAX | Category Low | Category High | MDVAX % Rank | |
---|---|---|---|---|
Net Assets | 157 M | 2.73 M | 292 B | 84.77% |
Number of Holdings | 399 | 1 | 17889 | 69.67% |
Net Assets in Top 10 | 35.8 M | -106 M | 36.5 B | 84.15% |
Weighting of Top 10 | 25.98% | 4.4% | 134.5% | 43.31% |
Top 10 Holdings
- 10/25 4.25 12.13%
- SHORT TERMS 2.17%
- NRZT 2021 NQM3 B1 144A 1.86%
- BGME 2021 VR D 144A 1.70%
- 08/49 2.25 1.70%
- FN 06/52 FIXED 3.5 1.43%
- FIXED INC CLEARING CORP.REPO 1.39%
- MED 2021 MDLN F 144A 1.38%
- Prime Portfolio 1.30%
- FN 04/52 FIXED VAR 0.92%
Asset Allocation
Weighting | Return Low | Return High | MDVAX % Rank | |
---|---|---|---|---|
Bonds | 73.25% | 0.00% | 215.98% | 94.04% |
Other | 20.62% | -13.23% | 58.65% | 5.97% |
Cash | 5.34% | -54.51% | 88.26% | 27.50% |
Preferred Stocks | 0.78% | 0.00% | 74.68% | 5.68% |
Convertible Bonds | 0.62% | 0.00% | 7.93% | 76.85% |
Stocks | 0.01% | 0.00% | 99.93% | 29.88% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MDVAX % Rank | |
---|---|---|---|---|
Corporate | 34.32% | 0.00% | 100.00% | 37.44% |
Securitized | 33.77% | 0.00% | 98.40% | 37.14% |
Government | 19.28% | 0.00% | 86.23% | 62.76% |
Cash & Equivalents | 3.47% | 0.00% | 88.06% | 41.78% |
Municipal | 0.00% | 0.00% | 100.00% | 91.82% |
Derivative | -0.38% | -5.38% | 58.65% | 88.16% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MDVAX % Rank | |
---|---|---|---|---|
US | 73.25% | 0.00% | 215.98% | 92.17% |
Non US | 0.00% | 0.00% | 39.04% | 82.09% |
MDVAX - Expenses
Operational Fees
MDVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.11% | 0.01% | 39.10% | 21.60% |
Management Fee | 0.39% | 0.00% | 1.76% | 57.61% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.80% |
Administrative Fee | 0.30% | 0.01% | 0.50% | 95.81% |
Sales Fees
MDVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.25% | 2.00% | 5.75% | 26.43% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MDVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
MDVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 192.00% | 2.00% | 493.39% | 67.51% |
MDVAX - Distributions
Dividend Yield Analysis
MDVAX | Category Low | Category High | MDVAX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.91% | 0.00% | 9.77% | 7.13% |
Dividend Distribution Analysis
MDVAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
MDVAX | Category Low | Category High | MDVAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.33% | -1.28% | 4.79% | 15.23% |
Capital Gain Distribution Analysis
MDVAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 13, 2023 | $0.397 | OrdinaryDividend |
Dec 14, 2022 | $0.304 | OrdinaryDividend |
Dec 17, 2018 | $0.274 | OrdinaryDividend |
Dec 19, 2017 | $0.264 | OrdinaryDividend |
Dec 20, 2016 | $0.208 | OrdinaryDividend |
Dec 18, 2015 | $0.202 | OrdinaryDividend |
Dec 18, 2014 | $0.157 | OrdinaryDividend |
Dec 19, 2013 | $0.249 | OrdinaryDividend |
Dec 20, 2012 | $0.375 | OrdinaryDividend |
Dec 21, 2009 | $0.553 | OrdinaryDividend |
Dec 19, 2008 | $0.592 | OrdinaryDividend |
Dec 18, 2007 | $0.571 | OrdinaryDividend |
Dec 27, 2006 | $0.446 | OrdinaryDividend |
Dec 29, 2005 | $0.394 | OrdinaryDividend |
Dec 29, 2004 | $0.358 | OrdinaryDividend |
MDVAX - Fund Manager Analysis
Managers
Stephen Ehrenberg
Start Date
Tenure
Tenure Rank
Nov 01, 2017
4.58
4.6%
Stephen Ehrenberg is a portfolio manager for Barings’ Investment Grade Fixed Income Group. Steve has worked in the industry since 2002 and his experience has encompassed portfolio management and credit analysis for both investment grade and high yield corporate credit. Prior to joining the firm in 2004, he worked in capital markets at MassMutual as part of the firm’s executive development program. Steve holds a B.S. in Mechanical Engineering from the United States Military Academy at West Point (Phi Beta Kappa), an M.B.A. from the University of Michigan Business School (High Distinction) and is a member of the CFA Institute. Prior to attending business school, Steve served as a Captain in the U.S. Army, where he held numerous leadership positions and graduated from both Airborne and Ranger School.
Douglas Trevallion
Start Date
Tenure
Tenure Rank
Jun 14, 2018
3.96
4.0%
Douglas Trevallion is a member of the Barings Investment Grade Fixed Income Group and the Head of Global Securitized and Liquid Products. Doug is responsible for the portfolio management of the firm’s securitized and multi-asset portfolio strategies. Doug has worked in the industry since 1987 and his experience has encompassed stable value, core, core plus, active short and leveraged inflation strategies. Prior to joining the firm in 2000, he worked at Massachusetts Mutual Life Insurance Company where he established fixed income analytical and risk capabilities for the company. Doug holds a B.A. from the University of Massachusetts and is a member of the CFA Institute.
Yulia Alekseeva
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Yulia Alekseeva is a Portfolio Manager in the Barings Investment Grade Fixed Income Group and Head of Securitized Credit Research. Yulia has worked in the industry since 2005. Prior to re-joining the firm in 2019, Yulia was employed at Canada Pension Plan Investment Board as a Principal in the Structured Credit department following positions at Bank of America Merrill Lynch and PricewaterhouseCoopers. Yulia holds a B.A. in Economics & Finance from the Plekhanov Russian University of Economics and an M.B.A. degree from the Wharton School at the University of Pennsylvania. She is a member of the CFA Institute and an Associate Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW).
Charles Sanford
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Charles S. Sanford is a Managing Director and member of Barings’ Global Fixed Income Team. Prior to joining Barings in 2004, was employed by Booz, Allen and Hamilton and BellSouth.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.82 | 1.16 |