MassMutual 60/40 Allocation Fund (MOGAX)
The fund is a "fund of funds" and seeks to achieve its investment objective by investing in a combination of U.S. domestic and international mutual funds ("underlying funds") using an asset allocation strategy. It typically invests approximately 60% of its assets in equity and similar funds and approximately 40% in fixed income funds, including money market funds.
Fund Info
| ISIN | US57630A4444 |
|---|---|
| Issuer | MassMutual |
| Inception Date | Jun 19, 2011 |
| Category | Diversified Portfolio |
| Min. Investment | $0 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
MOGAX features an expense ratio of 0.61%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MOGAX vs. CRAZX, MOGAX vs. PRPFX, MOGAX vs. VOO, MOGAX vs. VUAG.L
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MassMutual 60/40 Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MassMutual 60/40 Allocation Fund had a return of 9.93% year-to-date (YTD) and 16.63% in the last 12 months. Over the past 10 years, MassMutual 60/40 Allocation Fund had an annualized return of 5.23%, while the S&P 500 had an annualized return of 10.87%, indicating that MassMutual 60/40 Allocation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.93% | 18.10% |
| 1 month | 2.73% | 1.42% |
| 6 months | 7.30% | 10.08% |
| 1 year | 16.63% | 26.58% |
| 5 years (annualized) | 5.66% | 13.42% |
| 10 years (annualized) | 5.23% | 10.87% |
Monthly Returns
The table below presents the monthly returns of MOGAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 1.87% | 2.29% | -3.48% | 3.14% | 0.90% | 2.46% | 2.18% | 9.93% | ||||
| 2023 | 5.39% | -2.68% | 2.13% | 0.98% | -1.34% | 3.57% | 2.14% | -1.98% | -3.80% | -2.34% | 7.32% | 4.72% | 14.26% |
| 2022 | -3.43% | -1.93% | 0.31% | -6.09% | 0.33% | -6.35% | 5.61% | -3.10% | -7.43% | 4.32% | 5.44% | -11.11% | -22.35% |
| 2021 | -0.79% | 2.08% | 2.04% | 3.52% | 1.01% | 0.73% | 1.08% | 1.43% | -2.82% | 3.44% | -1.66% | 3.11% | 13.74% |
| 2020 | 0.53% | -4.96% | -12.00% | 7.58% | 4.11% | 2.37% | 3.86% | 3.60% | -2.05% | -1.25% | 8.36% | 3.06% | 12.03% |
| 2019 | 7.32% | 2.73% | 1.34% | 3.41% | -4.66% | 5.42% | 0.40% | -1.61% | 1.63% | 1.91% | 2.76% | 2.04% | 24.58% |
| 2018 | 4.53% | -3.71% | -1.10% | 0.37% | 1.02% | -0.37% | 2.39% | 1.08% | -0.18% | -6.85% | 1.91% | -6.73% | -8.02% |
| 2017 | 2.10% | 2.05% | 0.80% | 1.30% | 1.48% | 0.58% | 2.12% | 0.19% | 1.89% | 1.67% | 1.55% | 1.09% | 18.16% |
| 2016 | -5.30% | -0.93% | 6.35% | 1.11% | 0.77% | -0.65% | 3.50% | 0.53% | 0.42% | -1.99% | 1.71% | 1.66% | 6.93% |
| 2015 | -1.19% | 4.33% | -0.87% | 0.97% | 0.58% | -1.63% | 0.49% | -9.20% | -2.88% | 5.82% | -0.31% | -2.28% | -6.75% |
| 2014 | -3.00% | 4.36% | -0.09% | 0.17% | 1.65% | 1.88% | -2.18% | 2.49% | -6.29% | 1.79% | 1.14% | -1.58% | -0.11% |
| 2013 | 4.16% | 0.09% | 2.23% | 1.82% | 0.53% | -2.13% | 4.62% | -4.33% | 4.53% | 3.03% | 1.35% | 1.88% | 18.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MOGAX is 64, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MassMutual 60/40 Allocation Fund granted a 3.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.14 | $1.34 | $0.37 | $1.29 | $1.33 | $0.45 | $0.15 | $0.32 | $1.27 | $0.93 |
Dividend yield | 3.58% | 3.93% | 1.84% | 13.14% | 3.65% | 13.70% | 15.46% | 4.16% | 1.55% | 3.51% | 12.66% | 8.22% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual 60/40 Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $1.34 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2019 | $0.00 | $0.02 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.29 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $1.33 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2013 | $0.93 | $0.93 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MassMutual 60/40 Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MassMutual 60/40 Allocation Fund was 25.70%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.
The current MassMutual 60/40 Allocation Fund drawdown is 2.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.7% | Feb 20, 2020 | 23 | Mar 23, 2020 | 107 | Aug 24, 2020 | 130 |
| -23.1% | Jan 5, 2022 | 247 | Dec 28, 2022 | — | — | — |
| -21.46% | Jul 7, 2014 | 405 | Feb 11, 2016 | 302 | Apr 25, 2017 | 707 |
| -19.38% | Jul 8, 2011 | 61 | Oct 3, 2011 | 111 | Mar 13, 2012 | 172 |
| -16.86% | Jan 29, 2018 | 229 | Dec 24, 2018 | 85 | Apr 29, 2019 | 314 |
Volatility
Volatility Chart
The current MassMutual 60/40 Allocation Fund volatility is 2.19%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.