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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 across 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 $62.3 billion (as of Dec 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) or 2 (Buy) and is expected to outperform its peers in the future.

MassMutual Select BlackRock Global Allocation Fund Class R5 (MGSSX - Free Report) aims for long-term total return. The fund invests in both equity and debt securities like money market securities and other short-term debt obligations of companies around the world, including emerging markets. MGSSX carries a Zacks Mutual Fund Rank #1 and has three-year annualized returns of 11.7%.

MGSSX has an expense ratio of 0.89% compared to the category average of 1.00%.

MassMutual Mid Cap Growth Fund Service Class (MEFYX - Free Report)  aims for growth of capital over the long term. The fund invests the majority of its assets in equity securities of mid-capitalization companies that the fund's subadvisors believe offer the potential for long-term growth. MEFYX carries a Zacks Mutual Fund Rank #2 and has three-year annualized returns of 18.1%.

As of the end of June 2021, MEFYX held 224 issues, with 2.07% of its assets invested in Microchip Technology Inc.

MassMutual Diversified Bond Fund Class R5 (MDBSX - Free Report) invests a large chunk of its assets in fixed income securities issued by U.S. dollar-denominated corporate bonds and government debt obligations. MDBSX seeks maximization of returns. MDBSX carries a Zacks Mutual Fund Rank #1 and has returned 7.1% in the past three years.

Stephen Ehrenberg is one of the fund managers of MDBSX since 2017.