About MDRVX
MassMutual RetireSMART by JPMorgan In Retirement Fund Class I is a target-date retirement mutual fund designed specifically for individuals who have entered retirement. The fund utilizes a diversified asset allocation strategy, investing primarily in a mix of MassMutual equity, fixed income, and money market funds, aiming to deliver both high current income and long-term capital appreciation. Its portfolio holds a range of underlying funds, including core bond, equity asset, total return bond, high-yield, and inflation-protected income funds, and also includes respected third-party offerings like the Vanguard Total Bond Market Index Fund and JPMorgan's money market fund. The fund features a substantial allocation to bonds, supporting income generation and reduced volatility for retirees. With semi-annual dividends and a focus on sustainable payouts, the fund’s structure is tailored to address the needs of income-seeking investors during retirement, while maintaining exposure to growth opportunities. Its multi-manager approach and broad diversification across asset classes and issuers underscore its role in providing financial stability and reliable income distribution, serving as a cornerstone option for retirement-focused portfolios.
Fund Family JPMorgan
Category Target-Date Retirement
Stock Exchange NASDAQ
Ticker Symbol MDRVX
Share Class Class I
Index S&P Target Date Retirement Income TR
MDRVX had a total return of 6.70% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.57%.
