MRMAX: MassMutual RetireSMART Moderate A

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MRMAX MassMutual RetireSMART Moderate A

  • Fund
  • MRMAX
  • Price as of: Oct 15, 2019
  • $10.03 + $0.06 + 0.60%

MRMAX - Profile

Vitals

  • YTD Return 14.2%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $252 M
  • Holdings in Top 10 65.2%

52 WEEK LOW AND HIGH

$10.03
$8.50
$10.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 14.2%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name MassMutual RetireSMART Moderate Fund
  • Fund Family Name MassMutual
  • Inception Date Jun 20, 2011
  • 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. It has a moderate asset allocation strategy, with approximately 60% of its assets invested in equity and similar funds and approximately 40% invested in fixed income funds, including money market funds.

MRMAX - Performance

Return Ranking - Trailing

Period MRMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.2% 4.3% 19.4% 36.13%
1 Yr -2.6% -8.6% 14.7% 61.34%
3 Yr 2.1%* -2.9% 31.3% 45.22%
5 Yr -0.7%* -2.6% 24.3% 53.33%
10 Yr N/A* -1.3% 13.2% N/A

* Annualized


Return Ranking - Calendar

Period MRMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -27.1% -7.0% 63.25%
2017 10.2% 0.0% 184.8% 58.26%
2016 4.1% -9.5% 209.2% 36.04%
2015 -8.2% -19.9% -2.5% 44.55%
2014 -7.6% -11.8% 5.6% 85.26%

Total Return Ranking - Trailing

Period MRMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.2% 4.3% 19.4% 36.13%
1 Yr -2.6% -7.7% 14.7% 71.43%
3 Yr 3.7%* -2.9% 31.3% 62.61%
5 Yr 2.7%* -2.2% 30.0% 70.48%
10 Yr N/A* 0.0% 17.6% N/A

* Annualized


Total Return Ranking - Calendar

Period MRMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -27.1% -2.9% 80.34%
2017 13.4% 0.0% 184.8% 63.48%
2016 5.9% -9.5% 216.9% 63.96%
2015 -5.4% -19.5% -0.5% 64.36%
2014 1.3% -11.8% 7.3% 54.74%

NAV & Total Return History

MRMAX - Holdings

Concentration Analysis

MRMAX Category Low Category High MRMAX % Rank
Net Assets 252 M 22.6 M 14.4 B 61.98%
Number of Holdings 30 2 1847 58.68%
Net Assets in Top 10 171 M 15.4 M 10.8 B 57.02%
Weighting of Top 10 65.21% 13.2% 354.1% 49.59%

Top 10 Holdings

  1. MM Select Equity Asset I 16.34%

  2. MassMutual Premier Core Bond I 8.69%

  3. MassMutual Select Total Return Bond I 7.15%

  4. MassMutual Select Strategic Bond I 6.65%

  5. MassMutual Premier Short-Duration Bd I 6.22%

  6. MassMutual Select Overseas I 4.85%

  7. Vanguard Developed Markets Index Instl 4.82%

  8. MassMutual Select Diversified Value I 3.61%

  9. MassMutual Select Blue Chip Growth I 3.59%

  10. MassMutual Select Fundamental Value I 3.28%


Asset Allocation

Weighting Return Low Return High MRMAX % Rank
Stocks
58.78% 0.00% 79.25% 82.64%
Bonds
36.47% 9.24% 69.80% 16.53%
Cash
3.78% -9.15% 4.96% 32.23%
Other
0.53% -3.44% 59.60% 37.19%
Convertible Bonds
0.31% 0.00% 4.24% 22.31%
Preferred Stocks
0.14% 0.00% 12.11% 33.88%

Stock Sector Breakdown

Weighting Return Low Return High MRMAX % Rank
Technology
10.85% 0.00% 18.82% 51.24%
Financial Services
9.83% 0.00% 18.97% 66.94%
Consumer Cyclical
7.75% 0.00% 10.84% 47.11%
Healthcare
7.45% 0.00% 10.22% 57.02%
Industrials
7.42% 0.04% 16.49% 56.20%
Consumer Defense
4.44% 0.00% 8.88% 62.81%
Energy
2.78% 0.00% 31.29% 74.38%
Real Estate
2.44% 0.12% 26.98% 69.42%
Basic Materials
2.30% 0.00% 23.35% 76.03%
Communication Services
1.57% 0.01% 7.26% 50.41%
Utilities
1.51% 0.07% 26.86% 85.12%

Stock Geographic Breakdown

Weighting Return Low Return High MRMAX % Rank
US
42.12% 0.00% 56.57% 52.89%
Non US
16.66% 0.00% 55.70% 90.08%

Bond Sector Breakdown

Weighting Return Low Return High MRMAX % Rank
Securitized
15.45% 0.00% 21.12% 12.40%
Corporate
12.82% 0.42% 30.59% 36.36%
Government
8.23% -1.12% 38.08% 42.15%
Cash & Equivalents
2.26% -15.90% 4.99% 60.33%
Municipal
0.18% 0.00% 3.92% 19.01%
Derivative
-0.04% -14.55% 9.99% 63.64%

Bond Geographic Breakdown

Weighting Return Low Return High MRMAX % Rank
US
39.65% -1.63% 67.13% 9.92%
Non US
-3.18% -11.09% 46.23% 90.08%

MRMAX - Expenses

Operational Fees

MRMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.00% 2.76% 52.94%
Management Fee 0.00% 0.00% 1.00% 17.36%
12b-1 Fee 0.25% 0.00% 1.00% 27.54%
Administrative Fee 0.15% 0.01% 0.40% 61.02%

Sales Fees

MRMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.14% 5.75% 39.13%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MRMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 0.25% N/A

Turnover 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.

MRMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 3.00% 479.00% 59.50%

MRMAX - Distributions

Dividend Yield Analysis

MRMAX Category Low Category High MRMAX % Rank
Dividend Yield 2.43% 0.00% 10.06% 48.76%

Dividend Distribution Analysis

MRMAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

MRMAX Category Low Category High MRMAX % Rank
Net Income Ratio 1.90% 0.14% 5.46% 36.13%

Capital Gain Distribution Analysis

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

MRMAX - Managers

Frederick(Rick) Schulitz

Manager

Start Date

Tenure

Tenure Rank

Jun 20, 2011

8.28

8.3%

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.


Tenure Analysis

Category Low

0.07

Category High

22.95

Category Average

6.22

Category Mode

5.57