Founded in 1851, Massachusetts Mutual Life Insurance Company or MassMutual uses a multi-manager approach to offer services like life policies, money management and retirement planning throughout the globe. The company and its subsidiaries, which include Oppenheimer Funds, provide investment opportunities across a number of mutual funds from different categories. MassMutual is considered one of the leading asset managers by virtue of around $46.6 billion (as of Mar 31, 2020) in assets, which it manages along with its affiliates.
Below we share with you three top-ranked MassMutual mutual funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of MassMutual funds.
MassMutual Premier Short-Duration Bond Fund Class R5 MSTDX maintains a diversified portfolio by investing predominantly in investment-grade fixed income securities that are rated BBB- or better by Standard & Poor’s and Baa3 or better by Moody’s. MSTDX has three-year annualized returns of 2.8%.
MPSMX has an expense ratio of 0.53% compared to the category average of 0.72%.
MassMutual Select Mid Cap Growth Fund Class A MEFAX seeks capital growth in the long run. MEFFX maintains a diverse portfolio by investing mainly in equity securities of mid-cap companies that have high-growth potential over the long term. MEFAX has three-year annualized returns of 11.3%.
As of the end of December 2020, MEFAX held 209 issues, with 2.19% of its assets invested in Ball Corp.
MassMutual Select Diversified Value Fund Class R5 MDVSX invests a huge portion of its assets in securities, including stocks of domestic companies. The fund may also invest around one-fourth of its assets in non-U.S. securities and ADRs. MDVSX seeks capital growth and high income by investing mainly in big well-established companies. MDVSX has three-year annualized returns of 4.8%.
Joseph J. Kirby is one of the fund managers of MDVSX since 2010.
To view the Zacks Rank and past performance of all MassMutual mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>