Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, is one of the leading asset managers by virtue of $675 billion of assets that it manages 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 Oppenheimer Funds, provide investment opportunities across a number of mutual funds from different categories, including both equity and fixed-income funds.
Below we share with you three top-ranked MassMutual mutual funds. Each has earned 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 Mid Cap Growth Fund I (MEFZX - Free Report) invests the lion’s share of its assets in a broad portfolio of common stocks issued by mid-capitalization companies with above-average growth potential for the long run. MEFZX seeks long-term appreciation of capital. MassMutual Select Mid Cap Growth Fund I has three-year annualized returns of 11.9%.
As of September 2017, MEFZX held 201 issues, with 2.05% of its assets invested in Teleflex Inc.
MassMutual Select Strategic Bond Fund R5 (MBSSX - Free Report) invests a large part of its assets in dollar-denominated fixed income bonds to seek higher returns. MBSSX may also invest in other U.S. and non-U.S. debt securities like government and corporate bonds, asset-backed and mortgage-backed securities, and money market securities. MassMutual Select Strategic Bond Fund R5 has three-year annualized returns of 3.7%.
Chia-Liang Lian has been one of the fund managers of MBSSX since 2015.
MassMutual Select Mid Cap Growth Fund Service Class (MEFYX - Free Report) invests a bulk of its assets in equity securities of mid-cap companies that have strong growth potential. MEFYX seeks appreciation of capital over the long run. MassMutual Select Mid Cap Growth Fund Service Class has three-year annualized returns of 11.6%.
MEFYX has an expense ratio of 0.93% compared with the category average of 1.20%.
To view the Zacks Rank and past performance of all MassMutual mutual funds, investors can click here to see the complete list of MassMutual funds.
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