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MassMutual Select T. Rowe Price Retirement Balanced Fund
mutual fund
MMBVX
Payout Change
Pending
Price as of:
$14.89
+0.07
+0.47%
primary theme
U.S. Conservative/Balanced Allocation
share class
MMBVX (Mutual Fund)
MassMutual Select T. Rowe Price Retirement Balanced Fund
Payout Change
Pending
Price as of:
$14.89
+0.07
+0.47%
primary theme
U.S. Conservative/Balanced Allocation
share class
MMBVX (Mutual Fund)
MassMutual Select T. Rowe Price Retirement Balanced Fund
Payout Change
Pending
Price as of:
$14.89
+0.07
+0.47%
primary theme
U.S. Conservative/Balanced Allocation
share class
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$14.89
$224 M
2.62%
$0.39
0.46%
Vitals
YTD Return
9.6%
1 yr return
16.7%
3 Yr Avg Return
1.8%
5 Yr Avg Return
5.7%
Net Assets
$224 M
Holdings in Top 10
92.2%
52 WEEK LOW AND HIGH
$14.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.46%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$14.89
$224 M
2.62%
$0.39
0.46%
MMBVX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 1.8%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.42%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual Select T. Rowe Price Retirement Balanced Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateFeb 16, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWyatt Lee
Fund Description
Effective May 13, 2024, the following information replaces similar information for the MassMutual Select T. Rowe Price Retirement Balanced Fund found under the heading Principal Investment Strategies in the section titled Investments, Risks, and Performance on page 4:
The following table details the way the portfolio is generally expected to be allocated between the asset classes. The table also shows the expected allocations to the Underlying Funds that will be used within those asset classes. The information in the table represents the neutral allocations for the Fund as of May 13, 2024. The Fund’s shareholder reports set forth its actual allocations between stock funds and bond funds and to the individual Underlying Funds. T. Rowe Price may modify the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund’s asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). A description of the Underlying Funds is included in Appendix D of the Statement of Additional Information (“SAI”).
| | Stock Funds | | | | | 40.00% | | |
| | MassMutual Select T. Rowe Price Large Cap Blend Fund | | | | | 19.04% | | |
| | MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund | | | | | 4.76% | | |
| | MassMutual Select T. Rowe Price International Equity Fund | | | | | 10.20% | | |
| | MassMutual Select T. Rowe Price Real Assets Fund | | | | | 2.00% | | |
| | T. Rowe Price Hedged Equity Fund | | | | | 4.00% | | |
| | Bond Funds | | | | | 60.00% | | |
| | MassMutual Select T. Rowe Price Bond Asset Fund | | | | | 23.99% | | |
| | T. Rowe Price Dynamic Global Bond Fund | | | | | 4.00% | | |
| | T. Rowe Price U.S. Treasury Long-Term Index Fund | | | | | 3.36% | | |
| | T. Rowe Price Institutional High Yield Fund | | | | | 2.42% | | |
| | T. Rowe Price Institutional Floating Rate Fund | | | | | 1.04% | | |
| | T. Rowe Price Emerging Markets Bond Fund | | | | | 3.46% | | |
| | T. Rowe Price Limited Duration Inflation Focused Bond Fund | | | | | 20.00% | | |
| | T. Rowe Price Dynamic Credit Fund | | | | | 1.73% | | |
Note: The Underlying Fund allocations above may not sum up to 100% due to rounding.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MMBVX - Performance
Return Ranking - Trailing
| Period | MMBVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | 4.7% | 22.2% | 32.35% |
| 1 Yr | 16.7% | 10.0% | 33.2% | 58.82% |
| 3 Yr | 1.8%* | -16.0% | 5.0% | 26.87% |
| 5 Yr | 5.7%* | -0.4% | 8.3% | 16.76% |
| 10 Yr | N/A* | 1.3% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MMBVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.8% | -1.0% | 27.4% | 62.75% |
| 2022 | -21.6% | -35.0% | -7.4% | 93.80% |
| 2021 | -2.0% | -11.5% | 14.6% | 92.37% |
| 2020 | 6.9% | -10.3% | 40.7% | 21.29% |
| 2019 | 12.1% | -9.5% | 22.1% | 17.17% |
Total Return Ranking - Trailing
| Period | MMBVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | 4.7% | 22.2% | 32.35% |
| 1 Yr | 16.7% | 10.0% | 33.2% | 58.82% |
| 3 Yr | 1.8%* | -16.0% | 5.0% | 26.87% |
| 5 Yr | 5.7%* | -0.4% | 8.3% | 16.76% |
| 10 Yr | N/A* | 1.3% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MMBVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.5% | 2.6% | 28.2% | 19.85% |
| 2022 | -13.0% | -35.0% | -3.1% | 47.15% |
| 2021 | 8.5% | -11.5% | 32.0% | 35.11% |
| 2020 | 11.5% | -5.4% | 40.7% | 20.22% |
| 2019 | 15.6% | 4.5% | 27.7% | 39.61% |
NAV & Total Return History
MMBVX - Holdings
Concentration Analysis
| MMBVX | Category Low | Category High | MMBVX % Rank | |
|---|---|---|---|---|
| Net Assets | 224 M | 291 K | 50.8 B | 78.00% |
| Number of Holdings | 14 | 2 | 4065 | 77.26% |
| Net Assets in Top 10 | 199 M | 284 K | 10.3 B | 59.66% |
| Weighting of Top 10 | 92.24% | 9.7% | 111.4% | 26.65% |
Top 10 Holdings
- MMS T ROWE PR BND ASST I 20.42%
- T ROWE PR LTD DUR INFL I 19.70%
- MMS T ROWE PR L/C BLND I 19.17%
- MMS T ROWE PR INTL EQTY I 10.13%
- MMS T ROWE PR S/M CAP BL I 4.97%
- T ROWE PR HEDGED EQUITY I 4.23%
- T ROWE PR EMRG MKTS BND I 3.61%
- T ROWE PR DYN GLBL BND I 3.54%
- T ROWE PR INST HI YLD INST 3.39%
- T ROWE PR US TRS LNG TRM I 3.09%
Asset Allocation
| Weighting | Return Low | Return High | MMBVX % Rank | |
|---|---|---|---|---|
| Stocks | 100.02% | 0.00% | 100.08% | 3.42% |
| Convertible Bonds | 0.29% | 0.00% | 71.77% | 90.12% |
| Preferred Stocks | 0.00% | 0.00% | 21.95% | 38.39% |
| Other | 0.00% | -0.45% | 61.72% | 46.94% |
| Cash | 0.00% | -35.68% | 25.19% | 94.62% |
| Bonds | 0.00% | 0.00% | 79.72% | 53.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MMBVX % Rank | |
|---|---|---|---|---|
| Technology | 19.76% | 0.22% | 27.92% | 28.61% |
| Financial Services | 14.35% | 0.00% | 83.50% | 59.95% |
| Healthcare | 13.41% | 0.00% | 24.25% | 43.28% |
| Consumer Cyclical | 12.68% | 0.00% | 14.20% | 2.74% |
| Industrials | 10.04% | 0.14% | 17.90% | 51.24% |
| Communication Services | 10.02% | 0.00% | 11.11% | 1.49% |
| Basic Materials | 4.95% | 0.00% | 32.82% | 20.65% |
| Consumer Defense | 4.86% | 0.00% | 18.62% | 90.30% |
| Real Estate | 4.19% | 0.00% | 43.16% | 62.69% |
| Utilities | 3.29% | 0.00% | 48.33% | 55.97% |
| Energy | 2.45% | 0.00% | 62.93% | 90.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MMBVX % Rank | |
|---|---|---|---|---|
| US | 100.02% | 0.00% | 100.08% | 3.42% |
| Non US | 0.00% | 0.00% | 23.24% | 45.23% |
MMBVX - Expenses
Operational Fees
| MMBVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.46% | 0.06% | 21.26% | 91.20% |
| Management Fee | 0.40% | 0.00% | 1.25% | 58.09% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| MMBVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MMBVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | 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.
| MMBVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 2.00% | 380.00% | 59.36% |
MMBVX - Distributions
Dividend Yield Analysis
| MMBVX | Category Low | Category High | MMBVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.62% | 0.00% | 7.99% | 98.78% |
Dividend Distribution Analysis
| MMBVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| MMBVX | Category Low | Category High | MMBVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.42% | -1.22% | 6.83% | 65.51% |
Capital Gain Distribution Analysis
| MMBVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.390 | OrdinaryDividend |
| Dec 18, 2023 | $0.341 | CapitalGainLongTerm |
| Dec 19, 2022 | $0.672 | OrdinaryDividend |
| Dec 19, 2022 | $0.737 | CapitalGainLongTerm |
| Dec 21, 2021 | $0.647 | OrdinaryDividend |
| Dec 21, 2021 | $0.033 | CapitalGainShortTerm |
| Dec 21, 2021 | $1.049 | CapitalGainLongTerm |
| Dec 18, 2020 | $0.364 | OrdinaryDividend |
| Dec 18, 2020 | $0.025 | CapitalGainShortTerm |
| Dec 18, 2020 | $0.330 | CapitalGainLongTerm |
| Dec 20, 2019 | $0.376 | OrdinaryDividend |
| Dec 20, 2019 | $0.001 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.112 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.361 | OrdinaryDividend |
| Dec 21, 2018 | $0.134 | CapitalGainShortTerm |
MMBVX - Fund Manager Analysis
Managers
Wyatt Lee
Start Date
Tenure
Tenure Rank
Feb 16, 2018
4.29
4.3%
Wyatt Lee, CFA is a Vice President and Portfolio Manager at T. Rowe Price. Mr. Lee became chairman of the committee in 2011. He joined the Firm in 1999 and his investment experience dates from 1997.
Kimberly DeDominicis
Start Date
Tenure
Tenure Rank
Oct 08, 2019
2.65
2.7%
Ms. DeDominicis originally joined T. Rowe Price in 1998 and returned to the Firm in 2003. Her investment experience dates from 1999. Ms. DeDominicis has served as an associate portfolio manager for the target date strategies during the past five years.
Andrew Jacobs van Merlen
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
Andrew Jacobs van Merlen is a Vice President of T. Rowe Price Group. Mr. Jacobs van Merlen earned a BS in finance from the University of Maryland and an MBA in sustainable business from the University of Cambridge. He also has earned the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.38 | 2.41 |
