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
ISIN | US57629E6703 |
---|---|
Issuer | MassMutual |
Inception Date | Sep 5, 2000 |
Category | High Yield Bonds |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
DLHYX has a high expense ratio of 0.74%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DLHYX vs. LSIOX, DLHYX vs. FDFIX
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 0.91% year-to-date (YTD) and 9.55% in the last 12 months. Over the past 10 years, MassMutual High Yield Fund had an annualized return of 4.10%, while the S&P 500 had an annualized return of 10.64%, indicating that MassMutual High Yield Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.91% | 7.50% |
1 month | 0.00% | -1.61% |
6 months | 6.83% | 17.65% |
1 year | 9.55% | 26.26% |
5 years (annualized) | 3.47% | 11.73% |
10 years (annualized) | 4.10% | 10.64% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.22% | 0.70% | 0.38% | -1.13% | ||||||||
2023 | -1.41% | 4.49% | 3.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DLHYX is 84, placing it in the top 16% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MassMutual High Yield Fund(DLHYX)
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 granted a 5.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.43 | $0.49 | $0.46 | $0.52 | $0.46 | $0.54 | $0.50 | $0.58 | $0.55 | $0.57 | $0.90 | $0.82 |
Dividend yield | 5.36% | 6.16% | 6.14% | 5.80% | 5.20% | 6.14% | 6.02% | 6.40% | 6.14% | 6.89% | 10.10% | 8.46% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.05 | $0.04 | $0.00 | $0.00 | ||||||||
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 |
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 |
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 |
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 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 |
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 |
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 |
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 |
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 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 |
2013 | $0.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 0.50%.
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 |
-20.9% | Jan 22, 2001 | 429 | Oct 10, 2002 | 225 | Sep 4, 2003 | 654 |
-15.24% | Jan 4, 2022 | 186 | Sep 29, 2022 | 312 | Dec 27, 2023 | 498 |
-9.67% | Jun 2, 2015 | 177 | Feb 11, 2016 | 80 | Jun 7, 2016 | 257 |
Volatility
Volatility Chart
The current MassMutual High Yield Fund volatility is 1.17%, 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.