Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, is one of the leading asset managers by virtue of managing around $600 billion of assets along with its affiliates. Founded in 1851, MassMutual uses a multi manager approach to offer services including life policies, money management, and retirement planning to its clients throughout the globe. The company and its subsidiaries, which include OppenheimerFunds, provide investment opportunities across a number of mutual funds from different categories.
Below we share with you 5 top-rated MassMutual mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
MassMutual Premier Disciplined Growth Fund A (MUTF:MPGAX) primarily focuses on acquiring common stocks of growth-oriented companies. MPGAX invests in securities of companies with more than $200 million of market capitalization in order to provide total return higher than the Russell 1000 Growth Index. The MassMutual Premier Disciplined Growth A fund has a three-year annualized return of 12.4%.
As of September 2015, MPGAX held 458 issues, with 7.31% of its assets invested in Apple Inc. (NASDAQ:AAPL).
MassMutual Premier Main Street Fund (MUTF:MMSYX) seeks a high level of total return. Though MMSYX invests in common stocks of companies irrespective of market capitalization, it currently emphasizes investing in securities of companies having market capitalization similar to those listed in the Russell 1000 Growth Index. MMSYX may also invest a maximum of 15% of its assets in securities of companies located in foreign lands. The MassMutual Premier Main Street Service fund has a three-year annualized return of 10.8%.
MMSYX has an expense ratio of 0.86% as compared to the category average of 1.04%.
MassMutual Premier Balanced Fund (MUTF:MMBLX) invests in both equity and fixed income producing securities. MMBLX allocates between 40% and 70% in domestic equity securities, and invests between 1% and 15% in foreign equity securities. MMBLX invests 30-50% of its assets in securities that are expected to provide fixed income, and allocates not more than 30% of its assets in the money market instruments. The MassMutual Premier Balanced Administrative fund has a three-year annualized return of 5.5%.
As of September 2015, MMBLX held 1,166 issues, with 5.83% of its assets invested in Us 5yr Note (Cbt) Dec15 Xcbt 20151231.
MassMutual Premier International Equity Fund (MUTF:MYIEX) seeks growth of capital over the long run. MYIEX invests a large chunk of its assets in common stocks of non-U.S. companies that are believed to have impressive growth prospects. MYIEX allocates its assets in companies located in both emerging as well as developed countries. The MassMutual Premier International Equity Service fund has a three-year annualized return of 3.6%.
George R. Evans is one of the fund managers of MYIEX since 1994.
MassMutual Select Diversified Value Fund (MUTF:MDDLX) maintains a diversified portfolio by investing the lion's share of its assets in stocks of well-known, large-cap companies. MDDLX generally invests in securities of domestic companies that are believed to be undervalued. MDDLX may invest not more than 25% of its assets in securities of foreign companies and ADRs. The MassMutual Select Diversified Value Administrative fund has a three-year annualized return of 9.3%.
MDDLX has an expense ratio of 0.88% as compared to the category average of 1.11%.