Massmutual Select Funds - MassMutual RetireSMART by JPMorgan In Retirement Fund (MDRZX)
| Fund Assets | 76.17M |
| Expense Ratio | 0.94% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 7.39% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jan 14, 2025 |
| Previous Close | 9.74 |
| YTD Return | 0.68% |
| 1-Year Return | 6.33% |
| 5-Year Return | 26.35% |
| 52-Week Low | 9.61 |
| 52-Week High | 10.70 |
| Beta (5Y) | n/a |
| Holdings | 24 |
| Inception Date | Apr 1, 2014 |
About MDRZX
The MassMutual RetireSMART by JPMorgan In Retirement Fund Class R4 is a target-date mutual fund designed to support individuals who are already in retirement. Its primary function is to provide a combination of high current income and moderate capital appreciation through a diversified allocation across MassMutual equity, fixed income, and money market funds. The fund periodically adjusts its asset mix to maintain an appropriate balance between growth and income generation, with an emphasis on risk management and capital preservation to meet the evolving needs of retirees. Notable features include exposure to core bond, high yield, equity, and inflation-protected instruments, reflecting a strategy focused on steady income and stability. The fund distributes income semi-annually and has a history of consistent dividend growth, with a recent yield of approximately 7.4%. By employing a blend of underlying funds, it mitigates risk through diversification while seeking to support financial sustainability for investors during their retirement years. Since its inception in 2014, the fund has aimed to serve as a core component in the retirement income strategies of its investors.
Performance
MDRZX had a total return of 6.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.43%.
Top 10 Holdings
80.07% of assets| Name | Symbol | Weight |
|---|---|---|
| MassMutual Core Bond Fund | MCZZX | 28.56% |
| MassMutual Select Funds - MM Select Equity Asset Fund | MSEJX | 10.48% |
| MassMutual Total Return Bond I | MSPZX | 7.01% |
| MassMutual High Yield I | MPHZX | 6.98% |
| Vanguard Total Bond Market Index Fund | VBTLX | 5.82% |
| JPMorgan U.S. Government Money Market Fund | MGMXX | 5.09% |
| MassMutual Infl-Prot and Inc I | MIPZX | 5.06% |
| Vanguard Developed Markets Index Admiral | VTMGX | 4.66% |
| MassMutual Equity Opports I | MFVZX | 3.33% |
| MassMutual Overseas I | MOSZX | 3.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 14, 2025 | $0.19446 | Jan 15, 2025 |
| Dec 18, 2024 | $0.5255 | Dec 19, 2024 |
| Dec 18, 2023 | $0.27497 | Dec 19, 2023 |
| Dec 19, 2022 | $0.68595 | Dec 20, 2022 |
| Dec 21, 2021 | $1.52218 | Dec 22, 2021 |
| Dec 18, 2020 | $0.68091 | Dec 21, 2020 |