MassMutual Core Bond Fund (MCBDX)

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MassMutual Core Bond Fund (MCBDX) is up 1.0% since the beginning of the year. MCBDX is currently trading at $9 per share. Investors who bought $1,000 worth of MCBDX shares 5 years ago would now be looking at an investment worth $1,374.

MassMutual Core Bond Fund (MCBDX) has returned 0.96% so far this year and 6.17% over the past 12 months. Over the last ten years, MCBDX has returned 5.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 30, 1994, MCBDX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 64% of months were positive and 36% were negative. The best month was Dec 2021 with a return of +37.1%, while the worst month was Dec 1995 at -7.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MCBDX closed higher 46% of trading days. The best single day was Dec 15, 2021 with a return of +42.4%, while the worst single day was Dec 28, 1995 at -8.1%.

MassMutual Core Bond Fund has an annualized alpha of 5.19%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 30, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.84%) than losses (0.67%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

MCBDX has an expense ratio of 0.52%, placing it in the medium range.

MCBDX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

MassMutual Core Bond Fund provided a 4.47% dividend yield over the last twelve months, with an annual payout of $0.41 per share.

The table displays the monthly dividend distributions for MassMutual Core Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the MassMutual Core Bond 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 Core Bond Fund was 22.01%, occurring on Oct 21, 2022. The portfolio has not yet recovered.

The current MassMutual Core Bond Fund drawdown is 4.04%.

The chart below shows the rolling one-month volatility.