T. Rowe Price Associates, Inc.

Inception Date


Morningstar Category

Allocation – 30% to 50% Equity

Portfolio Managers

  • Jerome A. Clark, CFA | T. Rowe Price Associates, Inc. | Managed the fund since inception
  • Wyatt A. Lee, CFA | T. Rowe Price Associates, Inc. | Managed the fund since inception

Investment Objective

The Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income.

Investment Overview

The Fund is a "fund of funds" and pursues its objective by investing in a diversified portfolio of other stock and bond series of both the MassMutual Select Funds and T. Rowe Price Funds that represent various asset classes and sectors ("Underlying Funds"). The Fund is subadvised by T. Rowe Price Associates, Inc. ("T. Rowe Price"). The Underlying Funds in which the Fund invests are predominantly either advised or subadvised by T. Rowe Price. The Fund is intended for retired investors who seek income and relative stability from bonds along with some capital appreciation potential from stocks. The Fund's "neutral allocations," which are what T. Rowe Price considers broadly appropriate for investors during their retirement years, are 40% stock funds and 60% bond funds.

Fund Basics

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Gross Expense Ratio
Net Expense Ratio*
Ticker MMBVX
Gross Expense Ratio 0.80%
Net Expense Ratio 0.34%
Ticker MMBWX
Gross Expense Ratio 0.95%
Net Expense Ratio 0.49%
Ticker MMBYX
Gross Expense Ratio 1.20%
Net Expense Ratio 0.74%
Ticker MMBZX
Gross Expense Ratio 1.45%
Net Expense Ratio 0.99%

* 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, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses) through January 31, 2020, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .34%, .49%, .74%, and .99% for Classes I, M5, M4, and M3, 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 from 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, Derivatives Risk, Equity Securities Risk, Fixed Income Securities Risk, Foreign Investment Risk; Emerging Markets Risk; Currency Risk, Growth Company Risk, Inflation Risk, Large Company Risk, Leveraging 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, U.S. Government Securities Risk, Valuation Risk, and Value Company Risk. Please refer to the prospectus (via the link below or by sending an email to for more information on the specific risks.


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Assets (PDF)