- ISIN
- US57629H7237
- Issuer
- MassMutual
- Inception Date
- Dec 30, 2004
- Category
- Global Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MGFAX Performance Chart
MassMutual Global Fund (MGFAX) is up 1.5% since the beginning of the year. MGFAX is currently trading at $7 per share. Investors who bought $1,000 worth of MGFAX shares 5 years ago would now be looking at an investment worth $1,267.
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Returns By Period
MassMutual Global Fund (MGFAX) has returned 1.52% so far this year and 9.83% over the past 12 months. Over the last ten years, MGFAX has returned 11.14% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
MassMutual Global Fund
- 1D
- 0.55%
- 1M
- -4.53%
- 6M
- 1.24%
- YTD
- 1.52%
- 1Y
- 9.83%
- 3Y*
- 11.88%
- 5Y*
- 4.84%
- 10Y*
- 11.14%
- ALL TIME*
- 7.44%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MGFAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2004, MGFAX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +14.9%, while the worst month was Oct 2008 at -20.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MGFAX closed higher 52% of trading days. The best single day was Dec 12, 2023 with a return of +32.4%, while the worst single day was Dec 13, 2023 at -23.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | -3.30% | -7.24% | 13.32% | 5.54% | 1.28% | -6.83% | 1.52% | |||||
| 2025 | 5.16% | -3.13% | -7.34% | 0.70% | 7.40% | 5.71% | -0.61% | 0.31% | 2.86% | 3.97% | 0.29% | -0.88% | 14.37% |
| 2024 | 2.51% | 6.06% | 2.10% | -4.12% | 3.89% | 2.86% | -1.05% | 2.52% | 1.32% | -2.98% | 1.15% | 0.27% | 15.01% |
| 2023 | 9.96% | -4.02% | 7.76% | 1.36% | 1.54% | 5.01% | 3.87% | -2.95% | -5.63% | -2.93% | 11.01% | 6.25% | 33.87% |
| 2022 | -8.87% | -7.85% | -0.35% | -11.23% | -0.40% | -8.15% | 10.00% | -6.25% | -12.23% | 3.75% | 12.41% | -5.34% | -32.08% |
| 2021 | -1.76% | 2.83% | -0.18% | 5.94% | 1.42% | 2.74% | 2.99% | 2.64% | -5.35% | 4.40% | -3.23% | 6.28% | 19.60% |
Benchmark Metrics
MassMutual Global Fund has an annualized alpha of -0.36%, beta of 1.02, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 31, 2004.
- This fund participated in 114.48% of S&P 500 Index downside but only 108.96% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.02 and R2 of 0.64, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.36%
- Beta
- 1.02
- R²
- 0.64
- Upside Capture
- 108.96%
- Downside Capture
- 114.48%
Expense Ratio
MGFAX has a high expense ratio of 1.41%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MGFAX ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 2.00 | -1.53 |
| Martin ratioReturn relative to average drawdown | 1.63 | 8.49 | -6.87 |
Dividends
Dividend History
MassMutual Global Fund provided a 43.01% dividend yield over the last twelve months, with an annual payout of $3.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.17 | $3.17 | $1.53 | $2.79 | $2.54 | $2.69 | $0.84 | $0.05 | $2.92 | $1.87 | $0.48 | $1.10 |
Dividend yield | 43.01% | 43.66% | 16.85% | 30.43% | 28.11% | 15.89% | 5.05% | 0.36% | 27.78% | 12.10% | 3.75% | 8.25% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual Global Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.17 | $3.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 | $1.53 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.79 | $2.79 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.54 | $2.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.69 | $2.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MassMutual Global Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MassMutual Global Fund was 62.06%, occurring on Mar 9, 2009. Recovery took 1136 trading sessions.
The current MassMutual Global Fund drawdown is 7.99%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-62.06%Mar 2009 | 1y 5mo | 4y 6mo | 5y 11moOct 2007 - Sep 2013 | Financial crisis2007–2009 |
-46.09%Oct 2022 | 10mo 2d | 1y 1mo | 1y 12moDec 2021 - Dec 2023 | Bear market2022 |
-33.66%Mar 2020 | 2mo 2d | 3mo 29d | 6mo 1dJan 2020 - Jul 2020 | COVID crash2020 |
-25.61%Dec 2018 | 10mo 29d | 11mo 6d | 1y 10moJan 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-25.00%Feb 2016 | 7mo 22d | 1y 2mo | 1y 10moJun 2015 - Apr 2017 | — |
Drawdown Indicators
| MGFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -56.78% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -9.10% | -7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.61% | -18.90% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -46.09% | -25.43% | -20.66% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | -33.92% | -12.17% |
Current DrawdownCurrent decline from peak | -7.99% | -1.58% | -6.41% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -10.70% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 2.14% | +2.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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