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 $55.9 billion (as of Jun30, 2019) of assets managed 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) or 2 (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 Small Cap Growth Equity Fund Class R5 MSGSX aims for long-term capital appreciation. The fund invests the majority of its assets in equity securities of companies whose market capitalization, at the time of buying the securities, are within the range of market capitalizations for the companies included on the Russell 2000 Index or S&P SmallCap 600 Index. The fund may also invest a lesser part of its assets in non-U.S. securities. MSGSX has three-year annualized returns of 17.2%.
MSGSX has an expense ratio of 0.96% compared to the category average of 1.23%.
MassMutual RetireSMART Moderate Growth Fund Administrative Class MRSLX is a “fund of funds." The fund attains its investment objective by investing in other U.S. and non-U.S. mutual funds. MRSLX uses its asset allocation strategy by investing around 85% of its assets in equity and related funds, and about 15% of its assets in fixed income funds. MRSLX has returned 10.7% over the past three years.
Frederick (Rick) Schulitz is one of the fund managers of MRSLX since 2011.
MassMutual Premier Disciplined Growth Fund Service Class DEIGX seeks to outperform the Russell 1000 Growth Index in terms of total returns. It invests primarily in common stocks of growth-oriented companies. The fund invests in companies having market capitalization of more than $200 million. DEIGX has three-year annualized returns of 18%.
As of December 2019, DEIGX held 375 issues, with 8.54% of its assets invested in Apple Inc (NASDAQ:AAPL).
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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