MassMutual Select Funds - MassMutual Select T. Rowe Price Retirement 2040 Fund (MMFPX)
| Fund Assets | 773.22M |
| Expense Ratio | 0.60% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 16.92 |
| Dividend Yield | 100.00% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 17.090 |
| YTD Return | 18.31% |
| 1-Year Return | 16.15% |
| 5-Year Return | 65.88% |
| 52-Week Low | 1.730 |
| 52-Week High | 2.270 |
| Beta (5Y) | n/a |
| Holdings | 12 |
| Inception Date | Feb 16, 2018 |
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.
Performance
MMFPX had a total return of 16.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 53.55%.
Top 10 Holdings
99.37% of assets| Name | Symbol | Weight |
|---|---|---|
| MassMutual Select Funds - MassMutual Select T. Rowe Price Large Cap Blend Fund | MMLRX | 44.89% |
| MassMutual Select Funds - MassMutual Select T. Rowe Price International Equity Fund | MMIUX | 25.82% |
| MassMutual Select Funds - MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund | MMBUX | 10.48% |
| MassMutual Select Funds - MassMutual Select T. Rowe Price Bond Asset Fund | MMBEX | 5.89% |
| MassMutual Select Funds - MassMutual Select - Real Assets Fund | MMRFX | 5.68% |
| T. Rowe Price U.S. Treasury Funds, Inc. - T. Rowe Price U.S. Treasury Money Fund | TRGXX | 2.93% |
| T. Rowe Price US Trs Long-Term Idx I | PRUUX | 1.74% |
| T. Rowe Price Dynamic Global Bond I | RPEIX | 0.92% |
| T. Rowe Price Emerging Markets Bond I | PRXIX | 0.53% |
| T. Rowe Price Instl High Yield | TRHYX | 0.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 10, 2025 | $14.97229 | Sep 11, 2025 |
| Dec 18, 2024 | $1.94973 | Dec 19, 2024 |
| Dec 18, 2023 | $1.28359 | Dec 19, 2023 |
| Dec 19, 2022 | $2.20576 | Dec 20, 2022 |
| Dec 21, 2021 | $1.71551 | Dec 22, 2021 |
| Dec 18, 2020 | $0.47176 | Dec 21, 2020 |