About MMFPX
MassMutual Select T. Rowe Price Retirement 2040 Fund M5 is a target-date mutual fund designed for investors planning to retire around 2040. It seeks long-term total return with an emphasis on both capital growth and income through a fund-of-funds structure subadvised by T. Rowe Price, blending U.S. large-cap, small- and mid-cap, international equity, core bonds, real assets, and selective credit strategies. The portfolio follows a glide path that is equity-heavy in mid-career years and gradually shifts toward income-producing and defensive assets as the target date approaches; around the target year, the stock allocation is expected to be near 55%, aligning with a gradual drawdown approach in retirement. Core building blocks include strategies such as large-cap blend, international equity, small/mid-cap blend, core bond, and real asset sleeves, supplemented by Treasuries and global bond exposures to diversify risk across market cycles. The fund sits within the Target-Date 2040 category, offering an integrated, research-driven allocation framework for long-horizon retirement savers seeking a single, automatically adjusting portfolio.
Fund Family MassMutual
Category Target-Date 2040
Stock Exchange NASDAQ
Ticker Symbol MMFPX
Share Class Class M5
Index S&P Target Date 2040 TR
MMFPX had a total return of 8.27% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.71%.
