J.P. Morgan Investment Management Inc.

Inception Date


Morningstar Category

Retirement Income

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 March 2006

Investment Objective

The Fund seeks 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 who are retired or expect to retire soon. 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 emphasizes fixed income and money market funds, but also includes smaller allocations to equity and certain other funds. The Fund is designed for use as part of an overall investment strategy by an investor who is already in retirement or expects to retire soon.

Fund Basics

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Gross Expense Ratio
Net Expense Ratio*
Ticker MDRVX
Gross Expense Ratio 0.79%
Net Expense Ratio 0.55%
Ticker MDRTX
Gross Expense Ratio 0.89%
Net Expense Ratio 0.65%
Ticker MDRSX
Gross Expense Ratio 0.99%
Net Expense Ratio 0.75%
Ticker MDRYX
Gross Expense Ratio 1.09%
Net Expense Ratio 0.85%
Ticker MRDAX
Gross Expense Ratio 1.34%
Net Expense Ratio 1.10%
Ticker MDRZX
Gross Expense Ratio 1.24%
Net Expense Ratio 1.00%
Ticker MDRNX
Gross Expense Ratio 1.49%
Net Expense Ratio 1.25%

* 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 .06%, .16%, .26%, .36%, .61%, .51%, and .76% 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.


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Assets (PDF)
Holdings (PDF)