MassMutual High Yield Fund (DLHYX)
The investment seeks to achieve a high level of total return, with an emphasis on current income, by investing primarily in high yield debt and related securities. The fund invests primarily in lower rated U.S. debt securities, including securities in default. It invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in lower rated fixed income securities (rated below Baa3 by Moody's, below BBB- by Standard & Poor's or the equivalent by any NRSRO (using the lower rating) or, if unrated, determined to be of below investment grade quality by the fund's sub-adviser.
Fund Info
US57629E6703
Sep 5, 2000
$0
Expense Ratio
DLHYX features an expense ratio of 0.74%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MassMutual High Yield 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 High Yield Fund had a return of 1.36% year-to-date (YTD) and 11.13% in the last 12 months. Over the past 10 years, MassMutual High Yield Fund had an annualized return of 5.19%, while the S&P 500 had an annualized return of 11.26%, indicating that MassMutual High Yield Fund did not perform as well as the benchmark.
DLHYX
1.36%
0.74%
4.64%
11.13%
4.30%
5.19%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of DLHYX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.36% | 1.36% | |||||||||||
| 2024 | 0.22% | 0.70% | 0.91% | -0.49% | 1.35% | 0.80% | 1.78% | 1.61% | 1.83% | -0.28% | 1.19% | -0.51% | 9.46% |
| 2023 | 4.15% | -1.04% | 0.79% | 1.01% | -1.24% | 1.72% | 1.45% | 0.28% | -1.14% | -1.41% | 4.48% | 3.50% | 13.04% |
| 2022 | -2.19% | -0.70% | -0.59% | -3.56% | -0.62% | -6.95% | 5.43% | -1.64% | -4.28% | 2.73% | 2.01% | -0.80% | -11.15% |
| 2021 | 0.45% | 0.79% | 0.56% | 1.34% | 0.44% | 1.53% | -0.00% | 0.54% | 0.54% | -0.11% | -1.07% | 2.10% | 7.30% |
| 2020 | 0.34% | -1.68% | -11.53% | 1.94% | 4.30% | 0.85% | 4.81% | 0.80% | -1.25% | -0.00% | 4.61% | 2.47% | 4.66% |
| 2019 | 4.09% | 1.73% | 1.02% | 1.69% | -1.33% | 1.90% | 0.77% | 0.33% | 0.54% | 0.00% | 0.32% | 1.61% | 13.34% |
| 2018 | 0.55% | -0.88% | -0.55% | 0.45% | 0.22% | 0.33% | 1.10% | 0.76% | 0.54% | -1.72% | -1.31% | -2.46% | -2.99% |
| 2017 | 1.89% | 1.31% | -0.22% | 1.19% | 1.18% | -0.00% | 1.05% | -0.52% | 1.36% | 0.21% | -0.31% | 0.11% | 7.46% |
| 2016 | -2.05% | 0.74% | 2.93% | 3.08% | 0.92% | 1.14% | 2.48% | 1.54% | 0.97% | 0.43% | -0.21% | 2.10% | 14.87% |
| 2015 | 0.22% | 2.45% | 0.44% | 1.62% | 0.43% | -1.06% | -0.21% | -1.08% | -2.07% | 2.22% | -1.63% | -1.95% | -0.75% |
| 2014 | 0.93% | 2.15% | 0.50% | 0.70% | 1.09% | 0.78% | -0.39% | 0.98% | -1.64% | 0.00% | -0.49% | -5.12% | -0.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, DLHYX is among the top 4% 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 High Yield Fund (DLHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MassMutual High Yield Fund provided a 6.94% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.56 | $0.49 | $0.46 | $0.52 | $0.46 | $0.55 | $0.50 | $0.58 | $0.55 | $0.57 | $0.67 |
Dividend yield | 6.94% | 6.95% | 6.18% | 6.15% | 5.81% | 5.20% | 6.14% | 6.02% | 6.40% | 6.14% | 6.88% | 7.43% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual High Yield 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 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2022 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2014 | $0.67 | $0.67 |
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 High Yield 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 High Yield Fund was 27.73%, occurring on Dec 5, 2008. Recovery took 259 trading sessions.
The current MassMutual High Yield Fund drawdown is 0.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.73% | Dec 27, 2006 | 488 | Dec 5, 2008 | 259 | Dec 16, 2009 | 747 |
| -22.28% | Feb 21, 2020 | 22 | Mar 23, 2020 | 171 | Nov 23, 2020 | 193 |
| -15.23% | Jan 4, 2022 | 186 | Sep 29, 2022 | 312 | Dec 27, 2023 | 498 |
| -11.8% | Sep 4, 2014 | 363 | Feb 11, 2016 | 103 | Jul 11, 2016 | 466 |
| -9.53% | Feb 2, 2001 | 159 | Sep 26, 2001 | 317 | Dec 31, 2002 | 476 |
Volatility
Volatility Chart
The current MassMutual High Yield Fund volatility is 0.84%, 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.