MSPGX

About MSPGX

The MassMutual Total Return Bond Fund Class R4 is an intermediate core-plus bond mutual fund managed to maximize total return while emphasizing capital preservation and prudent risk management. Its primary strategy involves investing in a diversified portfolio of fixed income instruments, including U.S. government securities such as Treasury notes and bonds, with the average portfolio duration typically ranging from three to six years. The fund can allocate up to 25% of its assets to U.S. dollar-denominated foreign securities and up to 15% in high-yield fixed income, expanding its opportunity set beyond core domestic bonds. Designed for retirement and general investment portfolios, the fund targets investors seeking a combination of moderate income and total return through monthly dividend payouts. As of early 2025, the fund held over 500 positions with a significant allocation to U.S. Treasury futures and notes. It benchmarks its performance against the Bloomberg U.S. Aggregate Bond Index, providing broad exposure to the taxable bond market. Despite its below-average long-term performance relative to peers and an above-average risk profile, the fund remains a notable option within intermediate core-plus bond offerings, particularly for those seeking a diversified fixed income strategy.