Massachusetts Mutual Life Insurance Company or MassMutual, along with its subsidiaries including OppenheimerFunds, manages a significant number of mutual funds across different categories including both equity and fixed-income funds. MassMutual uses a multi-manger approach to offer services including life policies, money management and retirement planning to its clients throughout the globe. The company was founded in 1851 and is considered one of the leading asset managers by virtue of managing around $771 billion of assets along with its affiliates.
Below we share with you four 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. 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.
MassMutual Premier Short-Duration Bond R5 (MSTDX – Free Report) maintains a diversified portfolio by investing predominantly in fixed income securities that are rated BBB- or better by Standard & Poor’s and Baa3 or better by Moody’s. MSTDX invests a major portion of its assets in investment grade securities. MSTDX is expected to maintain a dollar-weighted average maturity of three years or less. MassMutual Premier Short-Duration Bond R5 fund has three-year annualized returns of 2%.
MSTDX has an expense ratio of 0.50% compared with the category average of 0.74%.
MassMutual Select Small Cap Growth Equity (MSGZX – Free Report) seeks appreciation of capital for the long run. MSGZX invests primarily in common stocks and equity securities of small-cap companies that are included on the S&P SmallCap 600 or Russell 2000 index. The fund may also invest around one-fifth of its assets in foreign companies, including those based in emerging markets. MassMutual Select Small Cap Growth Equity has three-year annualized returns of 12.1%.
Kenneth L. Abrams is one of the fund managers of MSGZX since 2001.
MassMutual RetireSMART Moderate Growth Administrative (MRSLX – Free Report) 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. MassMutual RetireSMART Moderate Growth Administrative has returned 6.3% over the past three years.
As of September 2018, MRSLX held 30 issues, with 19.54% of its assets invested in MM Select Equity Asset I.
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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