MassMutual RetireSMART by JPMorgan 2055 Fund (MMWZX)
| Fund Assets | 55.17M |
| Expense Ratio | 0.52% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.84 |
| Dividend Yield | 8.86% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jan 14, 2025 |
| Previous Close | 9.61 |
| YTD Return | 1.51% |
| 1-Year Return | 9.03% |
| 5-Year Return | 74.35% |
| 52-Week Low | 9.41 |
| 52-Week High | 10.81 |
| Beta (5Y) | n/a |
| Holdings | 22 |
| Inception Date | Apr 1, 2014 |
About MMWZX
The MassMutual RetireSMART 2055 Fund is a target-date mutual fund crafted for individuals aiming to retire around the year 2055. Its primary purpose is to facilitate retirement savings by providing professionally managed asset allocation that evolves over time. Early in the life of the fund, the portfolio is allocated more heavily to growth-oriented investments, such as U.S. and international equities, to maximize capital appreciation potential. As the target retirement year approaches, the fund shifts its allocation toward more conservative assets, like bonds and short-term instruments, to help preserve accumulated wealth and manage risk. This fund forms part of a broader suite of RetireSMART funds offered by MassMutual, with portfolio management powered by JPMorgan. It leverages a diversified mix of underlying U.S. and global securities across sectors and regions, adapting its strategy in accordance with its "glide path" to reflect investors’ changing risk tolerance as retirement nears. The MassMutual RetireSMART 2055 Fund plays a significant role in retirement plans, such as 401(k)s, serving as a convenient, all-in-one investment solution for long-term savers seeking automatic rebalancing and age-based risk adjustment.
Performance
MMWZX had a total return of 9.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.90%.
Top 10 Holdings
81.09% of assets| Name | Symbol | Weight |
|---|---|---|
| MassMutual Select Funds - MM Select Equity Asset Fund | MSEJX | 24.76% |
| MassMutual Blue Chip Growth Fund | MBCZX | 10.73% |
| MassMutual Overseas I | MOSZX | 9.03% |
| Vanguard Developed Markets Index Instl | VTMNX | 8.30% |
| MassMutual Diversified Value Fund | MDDIX | 6.31% |
| JPMorgan Emerging Mkts Rsrch Enh Eq R6 | EMRSX | 5.08% |
| MassMutual International Eq I | MIZIX | 4.94% |
| MassMutual Equity Opports I | MFVZX | 4.69% |
| MassMutual Core Bond Fund | MCZZX | 3.84% |
| JPMorgan Large Cap Value R6 | JLVMX | 3.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 14, 2025 | $0.06255 | Jan 15, 2025 |
| Dec 18, 2024 | $0.83636 | Dec 19, 2024 |
| Dec 18, 2023 | $0.59845 | Dec 19, 2023 |
| Dec 19, 2022 | $1.21483 | Dec 20, 2022 |
| Dec 21, 2021 | $0.86352 | Dec 22, 2021 |
| Dec 18, 2020 | $0.63187 | Dec 21, 2020 |