Fund Evaluator:

MassMutual Global R5 Overview

MassMutual Global R5 (MGFSX) is an actively managed International Equity Global Large-Stock Growth fund. MassMutual launched the fund in 2004.

The investment seeks long-term capital appreciation. The fund invests primarily in common stock of U.S. and foreign companies. The fund can invest without limit in foreign securities, including American Depositary Receipts (“ADRs”), and can invest in any country, including emerging market countries (i.e., those that are generally in the early stages of their industrial cycle).

About MassMutual Global R5 (MGFSX)

There are 1 members of the management team with an average tenure of 9.42 years: John Delano (2017). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. MassMutual Global R5 has 70 securities in its portfolio. The top 10 holdings constitute 53.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

MassMutual Global R5 is part of the Equity global asset class and is within the International Equity fund group. MassMutual Global R5 has 28.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.0%. There is 28.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MassMutual Global R5 has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $34 million in total assets, which is below the $988 million average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MGFSX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MassMutual Global R5 expense ratio is high compared to funds in the Global Large-Stock Growth category. MassMutual Global R5 has an expense ratio of 1.03%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. MassMutual Global R5 has a portfolio turnover rate of 24%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, MassMutual Global R5 returned -5.3%, which earned it a grade of D, as the Global Large-Stock Growth category had an average return of -2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

MassMutual Global R5 has a trailing yield of 0.00%, which is below the 0.27% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

MassMutual Global R5 Grades

Year to date, the fund has returned 3.4%, 2.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.9% over the past year (grade of C), 13.1% over the past three years (grade of C) and 4.7% per year over the past five years (grade of D) and 11.4% per year over the past 10 years (grade of D).

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