- ISIN
- US5762911080
- Issuer
- Barings Funds
- Inception Date
- Sep 15, 2013
- Category
- Bank Loan
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BXFIX Performance Chart
MassMutual Global Floating Rate Fund (BXFIX) is up 0.4% since the beginning of the year. BXFIX is currently trading at $8 per share.
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Returns By Period
MassMutual Global Floating Rate Fund (BXFIX) has returned 0.44% so far this year and 3.56% over the past 12 months.
MassMutual Global Floating Rate Fund
- 1D
- 0.12%
- 1M
- 0.57%
- YTD
- 0.44%
- 6M
- 1.05%
- 1Y
- 3.56%
- 3Y*
- 5.49%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BXFIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2021, BXFIX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jan 2023 with a return of +3.3%, while the worst month was Sep 2022 at -3.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BXFIX closed higher 26% of trading days. The best single day was Nov 30, 2023 with a return of +0.9%, while the worst single day was Apr 4, 2025 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.61% | -0.64% | 0.41% | 0.96% | 0.45% | -0.12% | 0.44% | ||||||
| 2025 | 0.79% | 0.26% | -0.62% | -0.12% | 1.61% | 0.44% | 0.60% | 0.17% | 0.61% | 0.35% | 0.17% | 0.37% | 4.72% |
| 2024 | 0.70% | 1.09% | 0.55% | 0.39% | 1.21% | -0.34% | 0.60% | 0.54% | 0.87% | 0.63% | 0.74% | -0.34% | 6.83% |
| 2023 | 3.26% | 1.21% | -0.68% | 0.46% | 0.16% | 1.80% | 1.61% | 0.23% | 0.11% | -1.02% | 1.22% | 1.50% | 10.26% |
| 2022 | 0.18% | -0.69% | -0.03% | -0.12% | -3.25% | -3.81% | 1.51% | 1.97% | -3.94% | 0.28% | 1.73% | 0.60% | -5.65% |
| 2021 | 0.41% | 0.41% |
Benchmark Metrics
MassMutual Global Floating Rate Fund has an annualized alpha of 3.15%, beta of 0.04, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since December 15, 2021.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.19%) than losses (8.30%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.15%
- Beta
- 0.04
- R²
- 0.06
- Upside Capture
- 13.19%
- Downside Capture
- 8.30%
Expense Ratio
BXFIX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BXFIX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MassMutual Global Floating Rate Fund (BXFIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BXFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.78 | -0.77 |
| Martin ratioReturn relative to average drawdown | 5.96 | 12.44 | -6.48 |
Dividends
Dividend History
MassMutual Global Floating Rate Fund provided a 7.30% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.64 | $0.64 | $0.54 | $0.37 | $0.03 |
Dividend yield | 7.30% | 7.58% | 7.30% | 6.10% | 4.35% | 0.30% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.24 | ||||||
| 2025 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.64 |
| 2024 | $0.08 | $0.07 | $0.05 | $0.06 | $0.07 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.05 | $0.00 | $0.64 |
| 2023 | $0.07 | $0.06 | $0.06 | $0.00 | $0.07 | $0.07 | $0.07 | $0.00 | $0.00 | $0.00 | $0.08 | $0.07 | $0.54 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.04 | $0.05 | $0.05 | $0.06 | $0.06 | $0.37 |
| 2021 | $0.03 | $0.03 |
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.
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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 9.12%, occurring on Oct 24, 2022. Recovery took 171 trading sessions.
The current MassMutual Global Floating Rate Fund drawdown is 0.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -9.12%Oct 2022 | 9mo 3d | 8mo 9d | 1y 5moJan 2022 - Jun 2023 |
2025 selloff2025 | -2.92%Apr 2025 | 1mo 4d | 1mo 6d | 2mo 10dMar 2025 - May 2025 |
2026 pullback2026 | -1.72%Mar 2026 | 1mo 23d | 1mo 28d | 3mo 21dJan 2026 - Apr 2026 |
2023 pullback2023 | -1.69%Nov 2023 | 1mo 11d | 1mo 13d | 2mo 24dSep 2023 - Dec 2023 |
2024 pullback2024 | -0.80%Aug 2024 | 4d | 25d | 29dAug 2024 - Aug 2024 |
Drawdown Indicators
| BXFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -56.78% | +47.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -9.10% | +7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -2.92% | -18.90% | +15.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.80% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -10.71% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.03% | -1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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