DLHYX Fees and Costs — MassMutual High Yield Fund, Service Class
Data updated: 2026-08-27
The net expense ratio is 0.75%: a 0.47% management fee plus 0.33% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 97%.
DLHYX Fees and Expenses
Annual operating expenses and sales charges of DLHYX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DLHYX Costs Over Time
On $10,000 invested in DLHYX, assuming 5% a year before costs, total costs come to $472 over 5 years, cutting the return by 0.79% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $472 |
| Value after costs | $10,421 | $11,317 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
DLHYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $37.0M
- Net income from securities lending: $313K (0.076% of average net assets)
DLHYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4K | 100.00% |
DLHYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.5B | 52.56% |
| Wells Fargo Securities, LLC | $266.8M | 9.66% |
| J.P. Morgan Securities LLC | $256.6M | 9.29% |
| BofA Securities, Inc. | $229.8M | 8.32% |
| Goldman Sachs & Co. LLC | $137.6M | 4.98% |
| MUFG Securities Americas Inc. | $107.1M | 3.88% |
| Barclays Capital Inc. | $97.5M | 3.53% |
| Citigroup Global Markets Inc. | $82.7M | 2.99% |
| BNY Capital Markets, LLC | $67.4M | 2.44% |
| Morgan Stanley & Co. LLC | $65.1M | 2.36% |
MassMutual High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MPHUX | C000271047 | 0.13% | none |
| MPHVX | C000271048 | 0.35% | none |
| MPHZX | Class I | 0.55% | none |
| BXHYX | Class Y | 0.60% | none |
| MPHSX | Class R5 | 0.65% | none |
| DLHYX | Service Class | 0.75% | none |
| MPHLX | Administrative Class | 0.85% | none |
| MPHRX | Class R4 | 1.00% | none |
| MPHAX | Class A | 1.05% | 4.25% |
| MPHNX | Class R3 | 1.25% | none |
| BXHCX | Class C | 1.55% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.