MassMutual Short-Duration Bond Fund
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.8%
1 yr return
9.8%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
0.9%
Net Assets
$178 M
Holdings in Top 10
22.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 72.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MSTDX - Profile
Distributions
- YTD Total Return 6.8%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.34%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMassMutual Short-Duration Bond Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateOct 06, 1994
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDouglas Trevallion
Fund Description
MSTDX - Performance
Return Ranking - Trailing
Period | MSTDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | 1.4% | 16.5% | 4.18% |
1 Yr | 9.8% | 4.4% | 26.9% | 11.98% |
3 Yr | -0.2%* | -5.3% | 4.4% | 94.97% |
5 Yr | 0.9%* | -3.7% | 5.2% | 89.80% |
10 Yr | 1.6%* | -18.8% | 170.5% | 58.24% |
* Annualized
Return Ranking - Calendar
Period | MSTDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -1.6% | 7.6% | 7.06% |
2022 | -12.5% | -17.7% | -2.6% | 97.67% |
2021 | -0.1% | -4.0% | 4.4% | 4.99% |
2020 | -2.1% | -7.1% | 7.6% | 97.35% |
2019 | 1.1% | -2.3% | 9.3% | 91.98% |
Total Return Ranking - Trailing
Period | MSTDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | 1.4% | 16.5% | 4.18% |
1 Yr | 9.8% | 4.4% | 26.9% | 11.98% |
3 Yr | -0.2%* | -5.3% | 4.4% | 94.97% |
5 Yr | 0.9%* | -3.7% | 5.2% | 89.80% |
10 Yr | 1.6%* | -18.8% | 170.5% | 58.24% |
* Annualized
Total Return Ranking - Calendar
Period | MSTDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | 1.8% | 15.2% | 92.94% |
2022 | -9.5% | -17.3% | -1.3% | 97.09% |
2021 | 1.8% | -2.7% | 7.7% | 8.38% |
2020 | 2.3% | -2.4% | 14.5% | 95.10% |
2019 | 4.5% | 0.6% | 12.6% | 55.70% |
NAV & Total Return History
MSTDX - Holdings
Concentration Analysis
MSTDX | Category Low | Category High | MSTDX % Rank | |
---|---|---|---|---|
Net Assets | 178 M | 14.5 K | 57.3 B | 84.22% |
Number of Holdings | 200 | 2 | 8314 | 76.62% |
Net Assets in Top 10 | 37.5 M | 1.02 M | 7.47 B | 85.74% |
Weighting of Top 10 | 22.46% | 1.9% | 112.6% | 57.41% |
Top 10 Holdings
- CSMC 2021 NQM4 M1 144A 2.89%
- AOMT 2021 3 M1 144A 2.79%
- FIXED INC CLEARING CORP.REPO 2.59%
- TRFIG 2021 1A B 144A 2.42%
- SHORT TERMS 2.39%
- BALLY 2020 2A A2R 144A 2.22%
- BHG 2021 B C 144A 2.00%
- VERUS 2020 4 M1 144A 1.98%
- 09/24 ZCP 1.77%
- MORGN 2018 3A BR 144A 1.41%
Asset Allocation
Weighting | Return Low | Return High | MSTDX % Rank | |
---|---|---|---|---|
Bonds | 53.69% | 0.00% | 131.20% | 89.92% |
Other | 36.07% | -0.97% | 71.57% | 4.75% |
Cash | 10.24% | -20.59% | 71.38% | 14.07% |
Convertible Bonds | 3.44% | 0.00% | 27.71% | 36.00% |
Stocks | 0.00% | 0.00% | 99.91% | 35.55% |
Preferred Stocks | 0.00% | 0.00% | 24.12% | 32.89% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MSTDX % Rank | |
---|---|---|---|---|
Corporate | 40.02% | 0.00% | 99.82% | 48.38% |
Securitized | 37.54% | 0.00% | 97.27% | 24.57% |
Government | 20.26% | 0.00% | 73.63% | 43.62% |
Cash & Equivalents | 8.58% | 0.00% | 71.38% | 17.30% |
Municipal | 0.06% | 0.00% | 14.41% | 46.29% |
Derivative | 0.00% | -0.44% | 27.90% | 41.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MSTDX % Rank | |
---|---|---|---|---|
US | 53.69% | 0.00% | 131.20% | 89.16% |
Non US | 0.00% | 0.00% | 82.20% | 33.65% |
MSTDX - Expenses
Operational Fees
MSTDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.75% | 0.01% | 3.24% | 40.65% |
Management Fee | 0.35% | 0.00% | 1.19% | 54.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.41% | 55.87% |
Sales Fees
MSTDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
MSTDX 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.
MSTDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 72.00% | 2.00% | 500.00% | 46.78% |
MSTDX - Distributions
Dividend Yield Analysis
MSTDX | Category Low | Category High | MSTDX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.16% | 0.00% | 11.11% | 69.01% |
Dividend Distribution Analysis
MSTDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MSTDX | Category Low | Category High | MSTDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.34% | -1.27% | 4.98% | 6.96% |
Capital Gain Distribution Analysis
MSTDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.032 | OrdinaryDividend |
Aug 30, 2024 | $0.029 | OrdinaryDividend |
Jul 31, 2024 | $0.032 | OrdinaryDividend |
Apr 30, 2024 | $0.033 | OrdinaryDividend |
Mar 28, 2024 | $0.025 | OrdinaryDividend |
Feb 29, 2024 | $0.026 | OrdinaryDividend |
Jan 31, 2024 | $0.027 | OrdinaryDividend |
Dec 29, 2023 | $0.024 | OrdinaryDividend |
Nov 30, 2023 | $0.025 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.027 | OrdinaryDividend |
Oct 31, 2022 | $0.029 | OrdinaryDividend |
Sep 30, 2022 | $0.026 | OrdinaryDividend |
Aug 31, 2022 | $0.027 | OrdinaryDividend |
Jul 29, 2022 | $0.022 | OrdinaryDividend |
Jun 30, 2022 | $0.023 | OrdinaryDividend |
May 31, 2022 | $0.026 | OrdinaryDividend |
Apr 29, 2022 | $0.023 | OrdinaryDividend |
Mar 31, 2022 | $0.024 | OrdinaryDividend |
Feb 28, 2022 | $0.023 | OrdinaryDividend |
Jan 31, 2022 | $0.022 | OrdinaryDividend |
Dec 08, 2021 | $0.188 | OrdinaryDividend |
Dec 11, 2020 | $0.439 | OrdinaryDividend |
Dec 13, 2019 | $0.338 | OrdinaryDividend |
Dec 14, 2018 | $0.381 | OrdinaryDividend |
Dec 18, 2017 | $0.256 | OrdinaryDividend |
Dec 19, 2016 | $0.240 | OrdinaryDividend |
Dec 17, 2015 | $0.260 | OrdinaryDividend |
Dec 17, 2014 | $0.001 | CapitalGainShortTerm |
Dec 17, 2014 | $0.230 | OrdinaryDividend |
Dec 18, 2013 | $0.212 | OrdinaryDividend |
Dec 19, 2012 | $0.031 | CapitalGainShortTerm |
Dec 19, 2012 | $0.096 | CapitalGainLongTerm |
Dec 19, 2012 | $0.213 | OrdinaryDividend |
Dec 19, 2011 | $0.125 | CapitalGainShortTerm |
Dec 19, 2011 | $0.092 | CapitalGainLongTerm |
Dec 19, 2011 | $0.189 | OrdinaryDividend |
Dec 17, 2010 | $0.019 | CapitalGainShortTerm |
Dec 17, 2010 | $0.047 | CapitalGainLongTerm |
Dec 17, 2010 | $0.234 | OrdinaryDividend |
Dec 18, 2009 | $0.341 | OrdinaryDividend |
Dec 18, 2008 | $0.501 | OrdinaryDividend |
Dec 17, 2007 | $0.571 | OrdinaryDividend |
Dec 26, 2006 | $0.467 | OrdinaryDividend |
Dec 28, 2005 | $0.420 | OrdinaryDividend |
Dec 28, 2004 | $0.403 | OrdinaryDividend |
Dec 28, 2004 | $0.032 | CapitalGainLongTerm |
MSTDX - Fund Manager Analysis
Managers
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.
Stephen Ehrenberg
Start Date
Tenure
Tenure Rank
Nov 01, 2019
2.58
2.6%
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.
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.
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).
Omotunde Lawal
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Ms. Lawal is the Head of Emerging Markets Corporate Debt Group and the lead portfolio manager for the Emerging Markets Corporate Debt strategy. She chairs the Emerging Markets Corporate Investment Committee and is also a member of the Global High Yield Allocation Committee and Global Investment Grade Allocation Committee. Prior to her current role, she was the Head of Barings EM Corporate Credit Research, with research coverage responsibilities for various sectors such as Real Estate, LATAM Energy, and LATAM Infrastructure. She has worked in the industry since 2000. Prior to joining the firm in 2014, she was a portfolio manager at Cosford Capital Management, focusing on high yield and distressed LATAM and CEEMEA corporates. Prior to this, she was at Standard Bank, where she traded and invested in distressed and stressed emerging markets corporates in LATAM and CEEMEA for the Principal Trading Team. Earlier, she worked at Barclays Capital and Deloitte & Touche/Arthur Andersen. Ms. Lawal holds a B.Sc. in Accounting & Finance from University of Warwick, is a Fellow of the Chartered Institute of Accountants in England and Wales, and is a member of the CFA Institute. She shares principal responsibility for the day-to-day management of the Barings Active Short Duration Bond Fund (since June 1, 2021) and Barings Global Credit Income Opportunities Fund (since May 1, 2021).
Natalia Krol
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Ms. Krol is a Director and portfolio manager of Barings’ Emerging Markets Blended Total Return strategy. Prior to joining Barings, she was a Credit Analyst at Schroders Investment Management, where she covered natural resources and capital goods sectors across emerging markets, European high yield and investment grade markets, and a European High Yield Research Analyst at Barclays Capital.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.19 | 2.41 |