MDRZX: MassMutual RetireSMART by JPM In Ret R4

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MDRZX MassMutual RetireSMART by JPM In Ret R4


Profile

MDRZX - Profile

Vitals

  • YTD Return -11.4%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return -1.5%
  • Net Assets $201 M
  • Holdings in Top 10 72.1%

52 WEEK LOW AND HIGH

$10.32
$9.72
$11.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.67%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return -11.9%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    MassMutual RetireSMART by JPMorgan In Retirement Fund
  • Fund Family Name
    MassMutual
  • Inception Date
    Apr 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Frederick(Rick) Schulitz

Fund Description

The fund is a "fund of funds" and seeks to achieve its investment objective by investing in a combination of U.S. domestic and international mutual funds using an asset allocation strategy designed for investors who are retired or expect to retire soon. Its assets are allocated among underlying funds according to an asset allocation strategy that emphasizes fixed income and money market funds, but also includes smaller allocations to equity and certain other funds.


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Categories

Performance

MDRZX - Performance

Return Ranking - Trailing

Period MDRZX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.4% -22.6% 0.5% 58.83%
1 Yr -7.5% -23.7% 9.1% 46.10%
3 Yr -1.9%* -9.3% 2.8% 47.05%
5 Yr -1.5%* -5.9% 0.8% 43.54%
10 Yr N/A* -4.9% 4.2% 37.01%

* Annualized

Return Ranking - Calendar

Period MDRZX Return Category Return Low Category Return High Rank in Category (%)
2019 11.5% -2.4% 20.5% 40.23%
2018 -8.7% -19.1% -3.6% 46.72%
2017 7.4% -12.3% 18.0% 50.94%
2016 2.6% -4.2% 7.1% 75.54%
2015 -4.8% -10.7% -0.3% 43.70%

Total Return Ranking - Trailing

Period MDRZX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.9% -23.9% 0.5% 51.31%
1 Yr -8.1% -24.9% 9.1% 41.46%
3 Yr -1.6%* -9.8% 5.5% 63.34%
5 Yr -0.9%* -5.6% 5.2% 72.30%
10 Yr N/A* -5.0% 6.9% 59.70%

* Annualized

Total Return Ranking - Calendar

Period MDRZX Return Category Return Low Category Return High Rank in Category (%)
2019 11.5% -2.4% 20.5% 40.90%
2018 -8.7% -19.1% -0.9% 69.18%
2017 9.0% -12.3% 22.2% 61.22%
2016 4.8% 0.2% 9.3% 57.79%
2015 -4.8% -9.4% 0.7% 81.51%

NAV & Total Return History


Holdings

MDRZX - Holdings

Concentration Analysis

MDRZX Category Low Category High MDRZX % Rank
Net Assets 201 M 55.5 K 44.8 B 46.27%
Number of Holdings 31 1 581 22.98%
Net Assets in Top 10 147 M 55.5 K 44.8 B 47.18%
Weighting of Top 10 72.05% 55.5% 100.0% 72.97%

Top 10 Holdings

  1. MassMutual Premier Core Bond I 21.27%
  2. MM Select Equity Asset I 7.76%
  3. MassMutual Premier Infl-Prot and Inc I 7.38%
  4. MassMutual Select Strategic Bond I 7.23%
  5. MassMutual Select Total Return Bond I 7.21%
  6. MassMutual Premier High Yield I 6.97%
  7. Vanguard Total Bond Market Index I 5.54%
  8. MassMutual Select Overseas I 3.88%
  9. Barings Global Floating Rate Y 2.59%
  10. JPMorgan International Rsrch Enh Eq R6 2.19%

Asset Allocation

Weighting Return Low Return High MDRZX % Rank
Bonds
56.89% -40.53% 79.60% 34.55%
Stocks
31.09% 0.00% 79.54% 70.93%
Cash
10.50% -46.22% 112.41% 23.29%
Other
0.84% -0.42% 100.02% 19.79%
Convertible Bonds
0.52% 0.00% 1.36% 22.68%
Preferred Stocks
0.16% 0.00% 7.60% 35.01%

Stock Sector Breakdown

Weighting Return Low Return High MDRZX % Rank
Financial Services
17.37% 3.32% 22.53% 30.62%
Technology
12.91% 2.95% 19.90% 83.69%
Industrials
12.19% 1.63% 16.11% 13.38%
Consumer Cyclical
11.99% 1.88% 12.18% 1.38%
Healthcare
11.73% 1.66% 18.37% 70.77%
Real Estate
8.46% 0.43% 35.57% 17.38%
Communication Services
7.40% 0.21% 10.71% 63.85%
Consumer Defense
7.35% 1.02% 13.89% 66.15%
Energy
4.14% 0.59% 15.11% 66.92%
Basic Materials
4.00% 0.76% 7.00% 56.00%
Utilities
2.45% 0.00% 13.14% 84.31%

Stock Geographic Breakdown

Weighting Return Low Return High MDRZX % Rank
US
18.72% 0.00% 56.48% 73.52%
Non US
12.37% 0.00% 32.55% 56.93%

Bond Sector Breakdown

Weighting Return Low Return High MDRZX % Rank
Government
31.31% 13.61% 99.28% 82.46%
Corporate
27.57% 0.00% 51.51% 20.92%
Securitized
26.01% 0.00% 40.02% 16.92%
Cash & Equivalents
14.21% 0.71% 112.41% 41.54%
Derivative
0.51% -82.56% 31.23% 31.69%
Municipal
0.39% 0.00% 11.28% 33.08%

Bond Geographic Breakdown

Weighting Return Low Return High MDRZX % Rank
US
52.61% -52.61% 75.61% 29.22%
Non US
4.28% -2.75% 26.87% 58.14%

Expenses

MDRZX - Expenses

Operational Fees

MDRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.00% 24.81% 44.90%
Management Fee 0.00% 0.00% 0.77% 40.13%
12b-1 Fee 0.25% 0.00% 1.00% 40.64%
Administrative Fee 0.20% 0.01% 0.30% 76.32%

Sales Fees

MDRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MDRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 207.00% 66.94%

Distributions

MDRZX - Distributions

Dividend Yield Analysis

MDRZX Category Low Category High MDRZX % Rank
Dividend Yield 0.00% 0.00% 2.89% 81.74%

Dividend Distribution Analysis

MDRZX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

MDRZX Category Low Category High MDRZX % Rank
Net Income Ratio 0.52% 0.05% 4.60% 99.50%

Capital Gain Distribution Analysis

MDRZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MDRZX - Fund Manager Analysis

Managers

Frederick(Rick) Schulitz


Start Date

Tenure

Tenure Rank

Dec 01, 2006

13.25

13.3%

Mr. Schulitz, an Investment Director and portfolio manager, joined MML Advisers in 2014. Mr. Schulitz is also an Investment Director for the Retirement Services Investment Services Division of MassMutual, which he joined in 2006. Prior to joining MassMutual, Mr. Schulitz held Director positions at Prudential Retirement and ING.

Daniel Oldroyd


Start Date

Tenure

Tenure Rank

Sep 24, 2018

1.43

1.4%

Daniel Oldroyd, CFA, CAIA, Managing Director, is a portfolio manager for the Global Multi-Asset Group, focusing on the JPMorgan SmartRetirement target-date funds. An employee since 2000, he has held several positions including that of investment strategist for JPMorgan Retirement Plan Services responsible for communicating investment management information to Retirement Plan Services' clients and providing ongoing monitoring of plan's investment options. Prior to this, he was responsible for manager research of nonproprietary investment managers for JPMorgan Retirement Plan Services. Dan holds a B.S. with honors in finance and international business from Georgetown University. Dan is a CFA and CAIA charterholder, holds NASD Series 7 and 63 licenses, and is a member of NYSSA, The CFA Institute, and the CAIA Association.

Anne Lester


Start Date

Tenure

Tenure Rank

Sep 24, 2018

1.43

1.4%

Anne Lester, Managing Director, is a senior portfolio manager with JPMorgan Asset Management's Global Multi-Asset Group (GMAG). Since joining GMAG in 2000, Anne has been responsible for the JPMorgan's defined contribution asset allocation products . She is also the portfolio manager for a number of defined benefit plans. Anne joined the firm in 1992 as a fixed income and currency trader and portfolio manager in the firm’s Milan office, and relocated to the New York office in 1997. Prior to joining the firm, Anne was awarded a Fulbright Scholarship in 1990 and spent over a year in Tokyo, working for a member of the Japanese Parliament. Previously, she worked for the Senate Governmental Affairs Committee. Anne holds an A.B. in politics from Princeton University and an M.A. in international economics and Japan studies from the Johns Hopkins University School for Advanced International Studies.

Silvia Trillo


Start Date

Tenure

Tenure Rank

Feb 01, 2020

0.08

0.1%

Ms. Trillo, Managing Director, has been an employee of J.P. Morgan Investment Management Inc. and a member of Multi-Asset Solutions since 2011 and a portfolio manager of the Fund since 2019.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.43 4.72 0.16