MetLife Opportunistic High Yield Fund Institutional Class (MFHIX)

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MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) is up 3.0% since the beginning of the year. MFHIX is currently trading at $8 per share. Investors who bought $1,000 worth of MFHIX shares 5 years ago would now be looking at an investment worth $1,333.

MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) has returned 3.04% so far this year and 7.32% over the past 12 months.

Based on dividend-adjusted daily data since Dec 3, 2018, MFHIX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.

Historically, 71% of months were positive and 29% were negative. The best month was May 2020 with a return of +7.6%, while the worst month was Mar 2020 at -16.5%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MFHIX closed higher 47% of trading days. The best single day was Aug 30, 2022 with a return of +6.8%, while the worst single day was Mar 18, 2020 at -3.6%.

MetLife Opportunistic High Yield Fund Institutional Class has an annualized alpha of 5.52%, beta of 0.11, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since December 04, 2018.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (28.75%) than losses (25.74%) - typical of diversified or defensive assets.
• Beta of 0.11 may look defensive, but with R2 of 0.17 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 0.17 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.

MFHIX has an expense ratio of 0.75%, placing it in the medium range.

MFHIX ranks 75 for risk / return — better than 75% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) and compare them to S&P 500 Index.

MetLife Opportunistic High Yield Fund Institutional Class provided a 9.58% dividend yield over the last twelve months, with an annual payout of $0.77 per share.

The table displays the monthly dividend distributions for MetLife Opportunistic High Yield Fund Institutional Class. 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 MetLife Opportunistic High Yield Fund Institutional Class. 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 MetLife Opportunistic High Yield Fund Institutional Class was 21.02%, occurring on Mar 24, 2020. Recovery took 165 trading sessions.

The chart below shows the rolling one-month volatility.