MassMutual RetireSMART by JPMorgan 2040 Fund (MRFTX)
| Fund Assets | 320.33M |
| Expense Ratio | 0.64% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.94 |
| Dividend Yield | 8.15% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jan 14, 2025 |
| Previous Close | 11.80 |
| YTD Return | 1.34% |
| 1-Year Return | 8.53% |
| 5-Year Return | 50.86% |
| 52-Week Low | 11.57 |
| 52-Week High | 13.17 |
| Beta (5Y) | n/a |
| Holdings | 22 |
| Inception Date | Apr 1, 2014 |
About MRFTX
MassMutual RetireSMART by JPMorgan 2040 Fund is a target date mutual fund designed to help investors prepare for retirement around the year 2040. The fund is structured to automatically adjust its asset allocation over time, gradually shifting from a growth-oriented portfolio with a higher concentration in equities to a more conservative mix with increased exposure to fixed income and money market instruments as the target date approaches. This systematic rebalancing aims to balance growth potential in the early years with capital preservation as retirement nears. The fund invests in a diversified mix of underlying MassMutual equity, fixed income, and money market funds, leveraging the expertise of both MassMutual and JPMorgan in portfolio management. By providing a professionally managed, all-in-one investment solution, the MassMutual RetireSMART by JPMorgan 2040 Fund serves individuals seeking a hands-off approach to long-term retirement savings within employer-sponsored retirement plans and individual retirement accounts.
Performance
MRFTX had a total return of 8.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.64%.
Top 10 Holdings
79.94% of assets| Name | Symbol | Weight |
|---|---|---|
| MassMutual Select Funds - MM Select Equity Asset Fund | MSEJX | 21.33% |
| MassMutual Core Bond Fund | MCZZX | 9.99% |
| MassMutual Blue Chip Growth Fund | MBCZX | 9.27% |
| MassMutual Overseas I | MOSZX | 7.32% |
| Vanguard Developed Markets Index Instl | VTMNX | 7.09% |
| MassMutual Total Return Bond I | MSPZX | 6.19% |
| MassMutual Diversified Value Fund | MDDIX | 5.40% |
| JPMorgan Emerging Mkts Rsrch Enh Eq R6 | EMRSX | 4.57% |
| MassMutual International Eq I | MIZIX | 4.52% |
| MassMutual Equity Opports I | MFVZX | 4.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 14, 2025 | $0.07537 | Jan 15, 2025 |
| Dec 18, 2024 | $0.94314 | Dec 19, 2024 |
| Dec 18, 2023 | $0.08143 | Dec 19, 2023 |
| Dec 19, 2022 | $1.22222 | Dec 20, 2022 |
| Dec 21, 2021 | $1.9616 | Dec 22, 2021 |
| Dec 18, 2020 | $0.24914 | Dec 21, 2020 |