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.
Will MRDAX 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 MRDAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MRDAX 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 MRDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.