The MassMutual RetireSMART by J.P. Morgan series of target-date funds benefits from J.P. Morgan’s glide-path research and tactical allocation process, but MassMutual’s thin resources drive a downgrade of its People rating to Average from Above Average. As a result, the five cheaper share classes maintain a Morningstar Analyst Rating of Neutral and the two pricier share classes were downgraded to Negative.
MassMutual RetireSMART by JPM In Ret Svc MDRSX
NAV / 1-Day Return
12.76
/
0.39
%
Total Assets
104.1 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.710%
Expense Ratio
0.710%
Fee Level
Above Average
Longest Manager Tenure
14.55
years
Category
Target-Date Retirement
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
3.19%
Turnover
74%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MDRSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MDRSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MDRSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of MDRSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A series with potential but limited resources poses concern.
