MassMutual Premier Diversified Bond Fund tweaks strategy, management

By Toni Weeks

San Diego, Oct. 20 - MassMutual Premier Funds announced a change to its investment strategy and portfolio manager for its MassMutual Premier Diversified Bond Fund.

According to a 497 filing with the Securities and Exchange Commission, the fund's subadviser, Babson Capital Management LLC, expects the fund's portfolio dollar-weighted average duration generally to match, plus or minus 2.5 years, the average duration of the Barclays Capital U.S. Aggregate Bond index.

Previously, Babson stated that it expected the fund's portfolio dollar-weighted average duration to match, within 10%, the index's average duration.

The portfolio management team has added Sean M. Feeley to manage the high-yield portion of the fund. He has co-managed the fund since September 2011, along with existing portfolio managers William M. Awad III, Mary Wilson Kibbe, David L. Nagle and Charles S. Sanford.

Jill A. Fields is no longer a portfolio manager for the fund.

The fund is part of Springfield, Mass., MassMutual Financial Group.

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