MassMutual Select Funds - MassMutual RetireSMART by JPMorgan 2020 Fund (MRTBX)
| Fund Assets | 417.08M |
| Expense Ratio | 0.57% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.15% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jan 14, 2025 |
| Previous Close | 10.91 |
| YTD Return | 0.73% |
| 1-Year Return | 6.83% |
| 5-Year Return | 26.11% |
| 52-Week Low | 10.70 |
| 52-Week High | 11.80 |
| Beta (5Y) | n/a |
| Holdings | 24 |
| Inception Date | Apr 1, 2014 |
About MRTBX
MassMutual RetireSMART by JPMorgan 2020 Fund Class R5 is a target-date mutual fund designed to support investors approaching or in retirement by pursuing a balance between total return and prudent risk management. Its primary function is to provide a mix of growth and income by diversifying investments across asset classes such as equities, fixed income securities, and money market instruments. The fund dynamically adjusts its asset allocation to become more conservative as the target date (2020) is reached and surpassed, aligning with the changing risk tolerance of retirees. With approximately 24 holdings, it primarily invests in other MassMutual and third-party mutual funds, offering exposure to domestic and international markets. It emphasizes both capital preservation and steady income distribution, reflected by its semi-annual dividend payments and a recent dividend yield exceeding 4%. This fund plays a notable role for retirement-focused investors seeking a managed solution that adapts to life stage and market conditions while leveraging the expertise of JPMorgan and MassMutual in portfolio construction and oversight.
Performance
MRTBX had a total return of 6.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.87%.
Top 10 Holdings
79.61% of assets| Name | Symbol | Weight |
|---|---|---|
| MassMutual Core Bond Fund | MCZZX | 27.25% |
| MassMutual Select Funds - MM Select Equity Asset Fund | MSEJX | 10.37% |
| MassMutual High Yield I | MPHZX | 7.22% |
| MassMutual Total Return Bond I | MSPZX | 6.81% |
| Vanguard Total Bond Market Index Fund | VBTIX | 5.99% |
| JPMorgan U.S. Government Money Market Fund | MGMXX | 5.49% |
| MassMutual Infl-Prot and Inc I | MIPZX | 5.35% |
| Vanguard Developed Markets Index Instl | VTMNX | 4.80% |
| MassMutual Equity Opports I | MFVZX | 3.38% |
| MassMutual Blue Chip Growth Fund | MBCZX | 2.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 14, 2025 | $0.18783 | Jan 15, 2025 |
| Dec 18, 2024 | $0.44614 | Dec 19, 2024 |
| Dec 18, 2023 | $0.33089 | Dec 19, 2023 |
| Dec 19, 2022 | $0.57051 | Dec 20, 2022 |
| Dec 21, 2021 | $1.43258 | Dec 22, 2021 |
| Dec 18, 2020 | $0.69482 | Dec 21, 2020 |