J.P. Morgan Investment Management Inc.

Inception Date


Morningstar Category

Target Date 2040

Portfolio Managers

  • Anne Lester | J.P. Morgan Investment Management Inc. | Managed the fund since September 2018
  • Daniel Oldroyd, CFA, CAIA | J.P. Morgan Investment Management Inc. | Managed the fund since September 2018
  • Frederick (Rick) Schulitz, CFA | MML Investment Advisers, LLC | Managed the fund since December 2006

Investment Objective

The Fund seeks total return through its asset allocation, which is designed to become more conservative over time. As the Fund approaches and passes the target retirement date, the Fund’s objective will shift to seeking current income and some capital appreciation.

Investment Overview

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 2040 and likely to stop making new investments in the Fund at or around that time. J.P. Morgan Investment Management Inc. (J.P. Morgan) serves as subadviser to the Series. Most of the Fund’s assets will typically be invested in mutual funds advised by MML Advisers, J.P. Morgan, or their affiliates. The Fund’s assets are allocated among Underlying Funds according to an asset allocation strategy that generally becomes increasingly conservative until it reaches its most conservative strategic target allocations by the end of 2040. It is intended that the Fund’s strategic target allocations will approximate those of the MassMutual RetireSMART by JPMorgan In Retirement Fund by the end of 2040.

Fund Basics

Return to Top
Gross Expense Ratio
Net Expense Ratio*
Ticker MRFUX
Gross Expense Ratio 0.60%
Net Expense Ratio 0.56%
Ticker MRFTX
Gross Expense Ratio 0.70%
Net Expense Ratio 0.66%
Ticker MFRSX
Gross Expense Ratio 0.80%
Net Expense Ratio 0.76%
Ticker MRFYX
Gross Expense Ratio 0.90%
Net Expense Ratio 0.86%
Ticker MRFAX
Gross Expense Ratio 1.15%
Net Expense Ratio 1.11%
Ticker MRFZX
Gross Expense Ratio 1.05%
Net Expense Ratio 1.01%
Ticker MFRNX
Gross Expense Ratio 1.30%
Net Expense Ratio 1.26%

* The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund Fees and Expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2020, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .04%, .14%, .24%, .34%, .59%, .49%, and .74% for Classes I, R5, Service, Administrative, A, R4, and R3, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded for the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.

Investment Risk

The Fund’s Principal Risks include - Allocation Risk, Bank Loans Risk, Below Investment Grade Risk, Cash Position Risk, Commodities-Related Investment Risk, Convertible Securities Risk, Credit Risk, Defaulted and Distressed Securities Risk, Derivatives Risk, Dollar Roll and Reverse Repurchase Agreement Transaction Risk, Equity Securities Risk, Fixed Income Securities Risk, Foreign Investment Risk; Emerging Markets Risk; Currency Risk, Geographic Focus Risk, Growth Company Risk, Index Funds Risk, Inflation Risk, Inflation-Linked Securities Risk, Large Company Risk, Liquidity Risk, Management Risk, Market Risk, Mortgage-and Asset-Backed Securities Risk, Preferred Stock Risk, Real Estate Risk; REIT Risk, Repurchase Agreement Risk, Risk of Investment in Other Funds or Pools, Sector Risk, Small and Mid-Cap Company Risk, Sovereign Debt Obligation Risk, Tactical Allocation Risk, U.S. Government Securities Risk, Valuation Risk, Value Company Risk, When-Issued, Delayed Delivery, TBA, and Forward Commitment Transaction Risk. Please refer to the summary prospectus (via the link below or by sending an email to fundinfo@massmutual.com) for more information on the specific risks.