MPHZX

About MPHZX

MassMutual High Yield Fund Class I is an actively managed mutual fund focused on below-investment-grade fixed income. Its primary objective is a high level of total return with an emphasis on current income, achieved by investing at least 80% of assets in high yield bonds and related securities, including lower-rated and, at times, defaulted issues. The strategy targets the U.S. high yield market, balancing credit selection and sector allocation to capture coupon income while managing credit and liquidity risks typical of speculative-grade debt. The fund distributes income monthly, reflecting its income-oriented mandate, and offers an institutional share class structure with a low distribution fee level and a competitive expense profile for its category. With hundreds of holdings and a limited interest-rate sensitivity profile typical of shorter effective durations in high yield, it serves as a dedicated exposure to credit risk for diversified fixed income allocations. Managed within the MassMutual family, the fund fits investors seeking concentrated access to corporate high yield markets across cyclical and defensive industries, complementing core bond holdings by providing elevated income potential and diversification along the credit spectrum.