MMKAX: MassMutual RetireSMART by JPMorgan 2045 Fund - MutualFunds.com
Continue to site >
Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.84

-

1.24%

$0.19

1.10%

Vitals

YTD Return

13.4%

1 yr return

29.0%

3 Yr Avg Return

12.6%

5 Yr Avg Return

12.5%

Net Assets

$141 M

Holdings in Top 10

73.2%

52 WEEK LOW AND HIGH

$14.96
$11.48
$15.19

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 95.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Target-Date 2045


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.84

-

1.24%

$0.19

1.10%

MMKAX - Profile

Distributions

  • YTD Total Return 13.4%
  • 3 Yr Annualized Total Return 10.5%
  • 5 Yr Annualized Total Return 11.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.18%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    MassMutual RetireSMART by JPMorgan 2045 Fund
  • Fund Family Name
    MassMutual
  • Inception Date
    Apr 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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 ("underlying funds") using an asset allocation strategy designed for investors expecting to retire at age 65 around the year 2045 and likely to stop making new investments in the fund at or around that time.


MMKAX - Performance

Return Ranking - Trailing

Period MMKAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.4% 3.4% 16.2% 37.12%
1 Yr 29.0% 20.8% 31.0% 27.66%
3 Yr 12.6%* 9.9% 15.4% 76.34%
5 Yr 12.5%* 10.8% 14.8% 75.66%
10 Yr 10.5%* 9.1% 13.0% 85.60%

* Annualized

Return Ranking - Calendar

Period MMKAX Return Category Return Low Category Return High Rank in Category (%)
2020 8.3% 1.6% 15.5% 88.94%
2019 11.3% 5.3% 23.0% 87.88%
2018 -20.5% -27.7% -6.9% 88.44%
2017 13.5% -18.3% 20.0% 74.69%
2016 4.2% -4.8% 7.7% 51.75%

Total Return Ranking - Trailing

Period MMKAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.4% 3.4% 16.2% 37.12%
1 Yr 21.9% 15.0% 31.0% 91.24%
3 Yr 10.5%* 7.8% 15.4% 94.17%
5 Yr 11.2%* 9.7% 14.8% 94.86%
10 Yr 9.9%* 9.1% 13.0% 94.31%

* Annualized

Total Return Ranking - Calendar

Period MMKAX Return Category Return Low Category Return High Rank in Category (%)
2020 8.3% 1.6% 15.5% 88.94%
2019 11.3% 5.3% 23.0% 87.88%
2018 -20.5% -23.9% -5.5% 95.38%
2017 19.0% -18.3% 26.2% 54.32%
2016 6.8% -2.6% 12.3% 58.04%

NAV & Total Return History


MMKAX - Holdings

Concentration Analysis

MMKAX Category Low Category High MMKAX % Rank
Net Assets 141 M 433 K 43.8 B 63.22%
Number of Holdings 27 2 534 24.58%
Net Assets in Top 10 103 M 197 K 43.2 B 72.08%
Weighting of Top 10 73.23% 38.3% 100.0% 89.42%

Top 10 Holdings

  1. MM Equity Asset I 20.05%
  2. MassMutual Overseas I 16.71%
  3. MassMutual Blue Chip Growth I 6.18%
  4. Vanguard Emerging Mkts Stock Idx Instl 6.10%
  5. MassMutual International Eq I 4.54%
  6. JPMorgan International Rsrch Enh Eq R6 4.14%
  7. MassMutual High Yield I 4.01%
  8. MassMutual Equity Opports I 3.89%
  9. MassMutual Fundamental Value I 3.83%
  10. MassMutual Diversified Value I 3.79%

Asset Allocation

Weighting Return Low Return High MMKAX % Rank
Stocks
93.39% 64.89% 101.68% 12.08%
Bonds
5.08% 0.09% 70.15% 79.58%
Cash
1.34% -79.67% 27.69% 75.42%
Other
0.07% -2.78% 20.82% 54.58%
Preferred Stocks
0.06% 0.00% 0.38% 37.50%
Convertible Bonds
0.06% 0.00% 1.43% 67.92%

Stock Sector Breakdown

Weighting Return Low Return High MMKAX % Rank
Financial Services
16.00% 12.91% 18.39% 29.58%
Technology
14.96% 14.96% 22.41% 98.75%
Consumer Cyclical
12.49% 8.99% 15.07% 36.67%
Healthcare
12.40% 9.78% 14.89% 46.67%
Industrials
11.39% 9.55% 14.78% 38.75%
Real Estate
8.07% 1.78% 9.61% 28.75%
Communication Services
8.04% 7.00% 11.20% 72.92%
Consumer Defense
7.33% 4.26% 10.93% 6.67%
Basic Materials
4.50% 3.18% 5.69% 52.50%
Energy
2.67% 1.75% 4.15% 78.33%
Utilities
2.15% 0.40% 6.27% 82.92%

Stock Geographic Breakdown

Weighting Return Low Return High MMKAX % Rank
US
54.04% 30.69% 68.78% 55.00%
Non US
39.35% 18.25% 46.42% 15.42%

Bond Sector Breakdown

Weighting Return Low Return High MMKAX % Rank
Corporate
63.12% 0.97% 65.02% 3.75%
Cash & Equivalents
20.10% 0.91% 70.45% 70.42%
Government
14.57% 0.09% 70.42% 87.08%
Securitized
1.91% 0.00% 29.46% 79.58%
Derivative
0.28% 0.00% 33.66% 42.92%
Municipal
0.02% 0.00% 31.31% 74.17%

Bond Geographic Breakdown

Weighting Return Low Return High MMKAX % Rank
US
3.34% -0.23% 52.17% 87.92%
Non US
1.74% -29.37% 17.98% 21.25%

MMKAX - Expenses

Operational Fees

MMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.06% 1.87% 14.52%
Management Fee 0.00% 0.00% 0.90% 14.29%
12b-1 Fee 0.25% 0.00% 1.00% 47.11%
Administrative Fee 0.15% 0.01% 0.30% 58.00%

Sales Fees

MMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.50% 5.75% 66.67%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MMKAX 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.

MMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 95.00% 0.40% 115.00% 96.88%

MMKAX - Distributions

Dividend Yield Analysis

MMKAX Category Low Category High MMKAX % Rank
Dividend Yield 1.24% 0.00% 0.14% 66.12%

Dividend Distribution Analysis

MMKAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Net Income Ratio Analysis

MMKAX Category Low Category High MMKAX % Rank
Net Income Ratio 1.18% -0.25% 6.89% 68.78%

Capital Gain Distribution Analysis

MMKAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Monthly Semi-Monthly

Dividend Payout History

View More +

MMKAX - Fund Manager Analysis

Managers

Frederick(Rick) Schulitz


Start Date

Tenure

Tenure Rank

Apr 01, 2010

11.42

11.4%

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

2.94

2.9%

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.

Silvia Trillo


Start Date

Tenure

Tenure Rank

Feb 01, 2020

1.58

1.6%

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
0.07 16.84 4.98 1.67