Fund Evaluator:
MassMutual Overseas A (MOSAX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
MassMutual Overseas A Overview
MassMutual Overseas A (MOSAX) is an actively managed International Equity Foreign Large Blend fund. MassMutual launched the fund in 2001.
The investment seeks growth of capital over the long-term by investing in foreign equity securities. The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in stocks of foreign companies, including companies located in Europe, Latin America, and Asia. It may invest up to 25% of its total assets in equity securities of issuers in emerging markets.
About MassMutual Overseas A (MOSAX)
There are 5 members of the management team with an average tenure of 9.72 years: Michael Manelli (2017), Filipe Benzinho (2016), Eric Liu (2023), Harry Purcell (2025), David Herro (2001). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. MassMutual Overseas A has 129 securities in its portfolio. The top 10 holdings constitute 19.5% 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 Overseas A is part of the Equity global asset class and is within the International Equity fund group. MassMutual Overseas A has 96.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7%. There is 96.8% 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 Overseas A has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.
MOSAX 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 Overseas A expense ratio is high compared to funds in the Foreign Large Blend category. MassMutual Overseas A has an expense ratio of 1.29%, which is 37% higher than its category average, making the fund expense ratio grade a F. 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 Overseas A has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.
Recently, in the month of June 2026, MassMutual Overseas A returned -0.3%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 0.5%. 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 Overseas A has a trailing yield of 2.31%, which is above the 2.19% 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 Overseas A Grades
Year to date, the fund has returned 2.2%, 8.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.9% over the past year (grade of F), 9.6% over the past three years (grade of F) and 5.6% per year over the past five years (grade of F) and 8.5% per year over the past 10 years (grade of D).
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MOSAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MOSAX Return (NAV) | -0.3% | 7.4% | 7.9% | 9.6% | 5.6% | 8.5% |
| MOSAX Grade | D | F | F | F | F | D |
| +/- Category | -0.8% | -3.3% | -13.4% | -7.0% | -2.6% | -1.0% |
| Foreign Large Blend Avg | 0.5% | 10.6% | 21.3% | 16.7% | 8.2% | 9.5% |
| MOSAX Tax Cost Ratio | na | na | 4.2% | 2.2% | 2.2% | 1.7% |
MOSAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MOSAX Return (NAV) | 2.2% | 25.4% | 0.1% | 18.2% | -15.4% | 12.5% | 8.5% | 25.9% | -16.7% | 26.4% | 2.1% |
| MOSAX Grade | F | F | F | B | C | B | D | B | D | C | B |
| +/- Category | -8.7% | -5.2% | -4.7% | 2.0% | 1.0% | 2.4% | -3.3% | 3.0% | -1.5% | 0.0% | 1.1% |
| Foreign Large Blend Avg | 10.9% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 13.1% |
| Total Risk Index: | 1.08 - Above Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (64% Rank) |
| Beta: | 0.87 |
| R-Squared: | 86% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $258 Mil |
| Fund Total Assets: | $ 15 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 25% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 24.9 years | |||
| Average Tenure: 9.7 years | |||
| Managers (Year): Herro David (2001), Benzinho Filipe (2016), Manelli Michael (2017), Liu Eric (2023), Purcell Harry (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 129 |
| % in Top 10 Holdings: | 19.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.8% |
Portfolio Allocation |
|
| Domestic Stock: | 1.7% |
| Foreign Stock: | 96.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | MassMutual |
| Phone Number: | 888-309-3539 |
| Website: | www.massmutual.com |
| Status: | Open |
| Inception Date: | April 30, 2001 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.29% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | MassMutual Overseas Adm |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 0 |
