On the lookout for a Mutual Fund Equity Report fund? Starting with MassMutual Select Mid Cap Growth I (MEFZX) is one possibility. MEFZX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
MassMutual is responsible for MEFZX, and the company is based out of Springfield, MA. Since MassMutual Select Mid Cap Growth I made its debut in November of 2010, MEFZX has garnered more than $3.96 billion in assets. The fund's current manager is a team of investment professionals.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 7.73%, and is in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 8.06%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, MEFZX's standard deviation comes in at 23.33%, compared to the category average of 18.58%. Looking at the past 5 years, the fund's standard deviation is 20.55% compared to the category average of 16.19%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. MEFZX has a 5-year beta of 1.04, which means it is likely to be more volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. MEFZX has generated a negative alpha over the past five years of -1.94, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.
This fund is currently holding about 90.71% stock in stocks, which have an average market capitalization of $20.96 billion. The fund has the heaviest exposure to the following market sectors: