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ISIN
US5762911080
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-0.61%-0.64%0.41%0.96%0.45%-0.12%0.44%
20250.79%0.26%-0.62%-0.12%1.61%0.44%0.60%0.17%0.61%0.35%0.17%0.37%4.72%
20240.70%1.09%0.55%0.39%1.21%-0.34%0.60%0.54%0.87%0.63%0.74%-0.34%6.83%
20233.26%1.21%-0.68%0.46%0.16%1.80%1.61%0.23%0.11%-1.02%1.22%1.50%10.26%
20220.18%-0.69%-0.03%-0.12%-3.25%-3.81%1.51%1.97%-3.94%0.28%1.73%0.60%-5.65%
20210.41%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
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.


BXFIX Risk / Return Rank: 4343
Overall Rank
BXFIX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
BXFIX Sortino Ratio Rank: 5757
Sortino Ratio Rank
BXFIX Omega Ratio Rank: 7575
Omega Ratio Rank
BXFIX Calmar Ratio Rank: 3232
Calmar Ratio Rank
BXFIX Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


BXFIXBenchmarkDifference
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.


0.00%2.00%4.00%6.00%8.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 3d8mo 9d
1y 5moJan 2022 - Jun 2023
2025 selloff2025
-2.92%Apr 2025
1mo 4d1mo 6d
2mo 10dMar 2025 - May 2025
2026 pullback2026
-1.72%Mar 2026
1mo 23d1mo 28d
3mo 21dJan 2026 - Apr 2026
2023 pullback2023
-1.69%Nov 2023
1mo 11d1mo 13d
2mo 24dSep 2023 - Dec 2023
2024 pullback2024
-0.80%Aug 2024
4d25d
29dAug 2024 - Aug 2024

Drawdown Indicators


BXFIXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.12%

-1.80%

+1.68%

Average Drawdown

Average peak-to-trough decline

-1.50%

-10.71%

+9.21%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with BXFIX

Add MassMutual Global Floating Rate Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with BXFIX