MassMutual Strategic Bond Fund (MSBAX)
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. dollar-denominated fixed income securities and other debt instruments of domestic and foreign entities, including corporate bonds, securities issued or guaranteed as to principal or interest by the U.S. government or its agencies or instrumentalities, mortgage-backed securities, and money market instruments.
Fund Info
US57629U5598
Dec 31, 2004
$0
Expense Ratio
MSBAX has a high expense ratio of 0.97%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MassMutual Strategic Bond 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
MSBAX
N/A
N/A
N/A
N/A
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^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of MSBAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -19.81% | -1.76% | 0.88% | -3.53% | 1.91% | 1.02% | 2.61% | 1.44% | 1.73% | 0.00% | -16.42% | ||
| 2023 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.13% | 3.13% |
| 2022 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% | 0.82% |
| 2021 | -1.18% | -2.03% | -1.13% | 1.24% | 0.66% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.11% | 3.39% |
| 2020 | 1.97% | 0.46% | -5.76% | 3.59% | 2.16% | 1.19% | 2.63% | -0.44% | -0.44% | -0.54% | 2.60% | 0.83% | 8.20% |
| 2019 | 2.22% | 0.00% | 1.78% | 0.19% | 1.35% | 2.00% | 0.37% | 2.24% | -0.00% | 0.64% | -0.18% | 0.51% | 11.65% |
| 2018 | -0.87% | -1.36% | 0.69% | -1.08% | -0.00% | -0.49% | 0.60% | -0.30% | -0.50% | -1.29% | 0.30% | 2.05% | -2.27% |
| 2017 | 0.50% | 0.89% | 0.39% | 0.98% | 0.97% | 0.19% | 0.57% | 0.85% | -0.47% | -0.28% | -0.09% | 0.43% | 5.02% |
| 2016 | 0.51% | 0.70% | 1.70% | 0.89% | -0.10% | 1.86% | 1.15% | 0.47% | -0.00% | -0.57% | -2.66% | 0.38% | 4.35% |
| 2015 | 1.88% | -0.39% | 0.39% | -0.39% | -0.10% | -1.56% | 0.89% | -0.37% | -0.10% | 0.69% | -0.29% | -0.65% | -0.03% |
| 2014 | 1.53% | 1.11% | 0.00% | 0.99% | 1.38% | 0.48% | -0.19% | 0.97% | -1.06% | 1.07% | 0.38% | -0.17% | 6.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MSBAX is 2, meaning it’s performing worse than 98% of other 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 Strategic Bond Fund (MSBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MassMutual Strategic Bond Fund provided a 2.09% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.33 | $0.09 | $0.53 | $0.55 | $0.41 | $0.22 | $0.20 | $0.23 | $0.26 | $0.32 |
Dividend yield | 2.09% | 3.04% | 0.81% | 4.86% | 5.02% | 3.81% | 2.24% | 1.89% | 2.26% | 2.60% | 3.17% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual Strategic Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.00 | $0.00 | $0.00 | $0.21 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2020 | $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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.26 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.00 | $0.31 | $0.32 |
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 Strategic 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 Strategic Bond Fund was 23.70%, occurring on Apr 25, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.7% | Jan 24, 2024 | 65 | Apr 25, 2024 | — | — | — |
| -17.61% | May 21, 2008 | 130 | Nov 24, 2008 | 171 | Jul 31, 2009 | 301 |
| -12.86% | Mar 9, 2020 | 9 | Mar 19, 2020 | 64 | Jun 19, 2020 | 73 |
| -5.91% | May 3, 2013 | 87 | Sep 5, 2013 | 164 | May 1, 2014 | 251 |
| -5.56% | Sep 8, 2017 | 296 | Nov 8, 2018 | 88 | Mar 20, 2019 | 384 |
Volatility
Volatility Chart
The current MassMutual Strategic Bond Fund volatility is 0.00%, 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.