MassMutual Global Floating Rate Fund (BXFIX)
The fund invests at least 80% of its net assets in income-producing floating rate debt securities, consisting of floating rate loans, bonds and notes, issued primarily by North American and Western European companies. It may invest in a wide range of income-producing floating rate loans, bonds, and notes of issuers based in U.S. and non-U.S. markets, but primarily invests in senior secured loans of North American and Western European corporate issuers that are of below investment grade quality.
Fund Info
US5762911080
Sep 15, 2013
$500,000
Expense Ratio
BXFIX features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MassMutual Global Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MassMutual Global Floating Rate Fund had a return of 0.11% year-to-date (YTD) and 7.54% in the last 12 months. Over the past 10 years, MassMutual Global Floating Rate Fund had an annualized return of 4.84%, while the S&P 500 had an annualized return of 11.24%, indicating that MassMutual Global Floating Rate Fund did not perform as well as the benchmark.
BXFIX
0.11%
-0.34%
3.08%
7.54%
4.95%
4.84%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of BXFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.70% | 1.09% | 0.55% | 0.39% | 1.21% | 0.32% | 0.60% | 0.54% | 0.87% | 0.40% | 0.97% | -0.34% | 7.54% |
| 2023 | 3.27% | 1.21% | -0.68% | 1.16% | 0.16% | 1.80% | 1.61% | 1.04% | 0.90% | -0.15% | 1.22% | 1.50% | 13.80% |
| 2022 | 0.29% | 0.27% | -0.99% | -0.33% | -2.71% | -3.46% | 1.88% | 1.97% | -3.94% | 0.28% | 1.73% | 0.60% | -4.56% |
| 2021 | 1.52% | 0.92% | 0.28% | 0.50% | 0.61% | 0.50% | -0.15% | 0.40% | 0.60% | -0.02% | -0.03% | 0.51% | 5.77% |
| 2020 | 0.62% | -1.78% | -14.37% | 4.80% | 4.34% | 2.04% | 1.77% | 2.22% | 0.71% | 0.16% | 2.96% | 1.34% | 3.39% |
| 2019 | 2.13% | 1.51% | 0.03% | 1.51% | -0.40% | -0.01% | 0.97% | -0.11% | 0.64% | -0.76% | 0.74% | 1.51% | 8.00% |
| 2018 | 0.81% | 0.15% | 0.17% | 0.68% | 0.10% | -0.42% | 1.22% | 0.27% | 0.66% | -0.24% | -1.14% | -2.46% | -0.26% |
| 2017 | 0.82% | 0.57% | -0.03% | 0.39% | 0.59% | -0.24% | 0.83% | -0.33% | 0.85% | 0.48% | 0.07% | 0.40% | 4.50% |
| 2016 | -0.81% | -0.59% | 2.63% | 2.16% | 0.87% | -0.33% | 1.66% | 1.11% | 1.17% | 1.22% | 0.38% | 1.68% | 11.68% |
| 2015 | 0.01% | 1.75% | 0.37% | 0.99% | 0.32% | -0.43% | -0.12% | -0.76% | -0.86% | 0.12% | -0.90% | -1.02% | -0.58% |
| 2014 | 0.79% | 0.46% | 0.20% | 0.00% | 0.48% | 0.46% | -0.10% | 0.31% | -0.64% | -0.11% | 0.31% | -1.53% | 0.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, BXFIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MassMutual Global Floating Rate Fund (BXFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MassMutual Global Floating Rate Fund provided a 7.96% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $0.81 | $0.46 | $0.32 | $0.40 | $0.48 | $0.45 | $0.45 | $0.48 | $0.46 | $0.68 |
Dividend yield | 7.96% | 7.97% | 9.23% | 5.44% | 3.45% | 4.37% | 5.17% | 4.99% | 4.72% | 5.04% | 5.12% | 7.09% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual Global Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.08 | $0.07 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.00 | $0.70 |
| 2023 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.07 | $0.81 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.05 | $0.06 | $0.06 | $0.46 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.08 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.46 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.26 | $0.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MassMutual Global Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MassMutual Global Floating Rate Fund was 22.22%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current MassMutual Global Floating Rate Fund drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.22% | Feb 3, 2020 | 35 | Mar 23, 2020 | 162 | Nov 10, 2020 | 197 |
| -8.28% | Mar 11, 2022 | 157 | Oct 24, 2022 | 154 | Jun 6, 2023 | 311 |
| -5.87% | Jun 1, 2015 | 180 | Feb 16, 2016 | 73 | May 31, 2016 | 253 |
| -4.33% | Oct 11, 2018 | 53 | Dec 27, 2018 | 66 | Apr 3, 2019 | 119 |
| -2.54% | Sep 9, 2014 | 71 | Dec 17, 2014 | 70 | Mar 31, 2015 | 141 |
Volatility
Volatility Chart
The current MassMutual Global Floating Rate Fund volatility is 0.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.