MMFRX Performance — MassMutual Select T. Rowe Price Retirement 2040 Fund, Class M3
Data updated: 2025-08-25
MMFRX returned +10.99% over one year to Jun 2025. Annualised returns are +13.32% over 3 years and +10.41% over 5 years. Against its Target-Date category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $146, against $141 for the category, and to $111 over one year, against $112. Volatility over the past three years was 13.54% a year. In the 12 months to Jun 2025 the fund lost a net $838.6M, and assets reached $275.05M.
MMFRX Growth of $100
What $100 invested in MassMutual Select T. Rowe Price Retirement 2040 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | MMFRX | Category average |
|---|---|---|
| 1 year (Jul 2024 – Jun 2025) | $111 | $112 |
| 3 years (Jul 2022 – Jun 2025) | $146 | $141 |
| 5 years (Jul 2020 – Jun 2025) | $164 | $154 |
| Since data start (Jul 2019 – Jun 2025) | $169 | $159 |
MMFRX Trailing Returns
Total returns to Jun 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +10.99% |
| 3 years (annualised) | +13.32% |
| 5 years (annualised) | +10.41% |
MMFRX Annual Returns
Calendar-year total returns of MassMutual Select T. Rowe Price Retirement 2040 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jun) | +7.25% |
| 2024 | +12.54% |
| 2023 | +19.01% |
| 2022 | −19.26% |
| 2021 | +15.65% |
| 2020 | +17.18% |
| 2019 (Jul–Dec) | +7.25% |
MMFRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | −2.8% | −0.1% | +2.9% | −0.3% | +4.1% | +3.4% | — | — | — | — | — | — |
| 2024 | +3.4% | +4.0% | 0.0% | +1.0% | +3.7% | −3.4% | +1.4% | +2.2% | +2.0% | −3.7% | +3.9% | −2.2% |
| 2023 | +2.1% | −2.7% | +6.7% | +5.3% | −1.1% | +1.2% | −4.0% | −2.5% | +3.3% | +5.1% | +7.8% | −2.7% |
| 2022 | +0.9% | −2.4% | −5.3% | −7.4% | +0.2% | −7.8% | −8.5% | −3.8% | +6.3% | −4.1% | +7.1% | +5.5% |
| 2021 | +2.0% | +3.3% | −0.2% | +1.0% | +1.1% | +4.1% | −3.7% | +2.4% | +0.5% | +2.9% | −2.8% | +4.5% |
| 2020 | −13.6% | −6.3% | −0.7% | +2.8% | +4.9% | +10.4% | −2.8% | +4.8% | +5.0% | +4.1% | +11.0% | −1.1% |
| 2019 | — | — | — | — | — | — | +1.1% | −1.3% | +0.4% | +2.9% | +2.5% | +1.5% |
MMFRX Risk
Risk measures from monthly returns over Jul 2022 – Jun 2025.
- 3-year volatility (annualised): 13.54%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +7.84% (Nov 2023)
- Worst month: −8.49% (Jul 2022)
MMFRX Fund Flows
Monthly money in and out of MassMutual Select T. Rowe Price Retirement 2040 Fund, from SEC Form N-PORT.
- 12-month net flow: −$838.6M
- 12-month gross sales (incl. reinvestments): $213.1M
- Sales ÷ redemptions: 0.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2025 | $4.0M | $10.5M | −$6.5M |
| May 2025 | $3.2M | $47.5M | −$44.4M |
| Apr 2025 | $4.1M | $22.1M | −$18.0M |
| Mar 2025 | $7.0M | $630.6M | −$623.6M |
| Feb 2025 | $3.8M | $12.3M | −$8.6M |
| Jan 2025 | $4.1M | $29.4M | −$25.3M |
| Dec 2024 | $12.1M | $16.9M | −$4.8M |
| Nov 2024 | $13.4M | $49.5M | −$36.2M |
| Oct 2024 | $122.5M | $15.8M | $106.7M |
| Sep 2024 | $13.3M | $136.7M | −$123.3M |
| Aug 2024 | $15.4M | $43.8M | −$28.3M |
| Jul 2024 | $10.2M | $36.6M | −$26.4M |
MMFRX Assets Under Management
Net assets of MassMutual Select T. Rowe Price Retirement 2040 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-06-30 | $275.05M |
| 2025-03-31 | $319.36M |
| 2024-12-31 | $970.16M |
| 2024-09-30 | $1.03B |
| 2024-06-30 | $1.15B |
| 2024-03-31 | $1.44B |
| 2023-12-31 | $1.32B |
| 2023-09-30 | $1.22B |
| 2023-06-30 | $1.26B |
| 2023-03-31 | $1.18B |
| 2022-12-31 | $1.11B |
| 2022-09-30 | $1.03B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.