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 its peers in the future. Investors can click here to see the complete list of MassMutual funds.
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 3.9%.
Joseph J. Kirby is one of the fund managers of MDVSX since 2010.
MassMutual Select Mid Cap Growth Fund Class R4 MEFFX 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. MEFFX has three-year annualized returns of 13.5%.
As of the end of June 2020, MEFFX held 202 issues, with 2.37% of its assets invested in Teleflex Inc.
MassMutual Select 60/40 Allocation Fund Administrative Class MRSLX aims for a high total return that is consistent with investment risk and capital preservation. The fund invests the majority of its assets in equities and a smaller part of it in fixed income funds, comprising money market funds. MRSLX returned 6.8% over the past year.
MRSLX has an expense ratio of 0.82% compared to the category average of 0.83%.
To view the Zacks Rank and past performance of all MassMutual mutual funds, investors can click here to see the complete list of funds.
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