MassMutual RetireSMART by JPMorgan 2040 Fund (MRFAX)
The investment seeks total return through its asset allocation, which is designed to become more conservative over time; as the fund approaches and passes the target retirement date, the fund's objective will shift to seeking current income and some capital appreciation. 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 designed for investors expecting to retire at age 65 around the year 2040 and likely to stop making new investments in the fund at or around that time.
Fund Info
US57629U6661
Dec 30, 2003
$0
Large-Cap
Blend
Expense Ratio
MRFAX has an expense ratio of 0.59%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
MRFAX
N/A
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^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of MRFAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.80% | 2.80% | |||||||||||
| 2024 | -0.45% | 3.17% | 2.72% | -3.59% | 3.64% | 1.03% | 2.29% | 2.40% | 1.86% | -2.38% | 3.25% | -3.41% | 10.62% |
| 2023 | 6.99% | -2.73% | 2.20% | 1.18% | -1.55% | 4.82% | 2.82% | -2.65% | -4.13% | -2.74% | 7.95% | 5.27% | 17.78% |
| 2022 | -3.85% | -2.80% | 0.66% | -6.95% | 0.35% | -7.44% | 6.05% | -3.66% | -8.43% | 4.95% | 7.61% | -3.75% | -17.30% |
| 2021 | -0.78% | 2.82% | 2.52% | 4.02% | 1.65% | 0.56% | 0.49% | 1.74% | -3.49% | 4.26% | -2.65% | 4.19% | 16.03% |
| 2020 | -1.38% | -6.36% | -14.33% | 8.90% | 4.19% | 2.87% | 4.56% | 4.36% | -2.73% | -1.84% | 11.70% | 4.35% | 12.14% |
| 2019 | 6.99% | 2.42% | 1.22% | 3.11% | -4.85% | 5.63% | 0.17% | -1.41% | 1.77% | 2.16% | 2.19% | 2.68% | 23.80% |
| 2018 | 4.64% | -3.78% | -1.21% | 0.38% | 1.07% | -0.38% | 2.42% | 1.03% | -0.15% | -7.03% | 1.81% | -6.29% | -7.86% |
| 2017 | 2.17% | 2.12% | 0.83% | 1.40% | 1.38% | 0.72% | 2.07% | 0.23% | 1.95% | 1.68% | 1.65% | 1.09% | 18.73% |
| 2016 | -5.58% | -0.87% | 6.35% | 1.19% | 0.82% | -0.81% | 3.63% | 0.53% | 0.44% | -1.99% | 1.68% | 1.70% | 6.81% |
| 2015 | -1.38% | 4.61% | -0.94% | 1.11% | 0.55% | -1.64% | 0.56% | -5.73% | -3.05% | 6.12% | -0.25% | -2.29% | -2.87% |
| 2014 | -3.14% | 4.55% | -0.23% | 0.08% | 1.71% | 1.91% | -2.17% | 2.53% | -3.25% | 1.88% | 1.15% | -1.56% | 3.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MRFAX is 64, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MassMutual RetireSMART by JPMorgan 2040 Fund (MRFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
MassMutual RetireSMART by JPMorgan 2040 Fund provided a 108.27% dividend yield over the last twelve months, with an annual payout of $12.60 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $12.60 | $0.89 | $0.21 | $1.17 | $1.84 | $0.20 | $1.29 | $1.65 | $0.53 | $0.17 | $1.03 | $0.80 |
Dividend yield | 108.27% | 7.81% | 1.91% | 12.16% | 14.14% | 1.58% | 11.07% | 15.83% | 4.00% | 1.43% | 9.43% | 6.48% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual RetireSMART by JPMorgan 2040 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $11.71 | $11.71 | |||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.84 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $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 | $1.65 | $1.65 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.56 | $1.03 |
| 2014 | $0.18 | $0.00 | $0.00 | $0.62 | $0.80 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MassMutual RetireSMART by JPMorgan 2040 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 RetireSMART by JPMorgan 2040 Fund was 55.86%, occurring on Mar 9, 2009. Recovery took 976 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.86% | Oct 11, 2007 | 353 | Mar 9, 2009 | 976 | Jan 24, 2013 | 1329 |
| -30.57% | Feb 13, 2020 | 26 | Mar 20, 2020 | 161 | Nov 6, 2020 | 187 |
| -24.64% | Nov 9, 2021 | 235 | Oct 14, 2022 | 345 | Mar 1, 2024 | 580 |
| -18.15% | May 22, 2015 | 183 | Feb 11, 2016 | 227 | Jan 5, 2017 | 410 |
| -16.53% | Jan 29, 2018 | 229 | Dec 24, 2018 | 129 | Jul 1, 2019 | 358 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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