MPHRX

About MPHRX

MassMutual High Yield Fund Class R4 is an actively managed mutual fund focused on below‑investment‑grade corporate debt, aiming to deliver a high level of total return with an emphasis on current income. The portfolio primarily invests in lower‑rated U.S. fixed income securities, including bonds rated below BBB‑/Baa3 and certain unrated issues deemed speculative, reflecting its high‑yield bond mandate. The strategy targets broad exposure across the high‑yield market, with hundreds of holdings and a diversified issuer mix to balance credit risk while pursuing income. Its yield profile has been competitive relative to peers, with recent metrics around the mid‑single‑digit range, and an average surveyed credit quality in the B area, typical for the category. The fund’s role in the market is to provide investors access to credit spreads and income potential from non‑investment‑grade issuers, complemented by professional credit selection and risk management. It is positioned as a core satellite within fixed income allocations for those seeking high‑yield exposure, tracking performance versus widely used high‑yield benchmarks while maintaining active flexibility across sectors and capital structures.