The MassMutual RetireSMART by J.P. Morgan series of target-date funds leverages J.P. Morgan’s glide-path research and tactical allocation process. But it sometimes strays from J.P. Morgan’s best thinking through its implementation. Recent changes to the J.P. Morgan’s series also bring to light questions around the depth of the partnership. As a result, the series’ five cheaper share classes maintain a Morningstar Analyst Rating of Neutral and the two pricier share classes retain a Negative rating.
Will MMXAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMXAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MMXAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MMXAX’s parent organization’s priorities and whether they’re in line with investors’ interests.