MMIYX — MassMutual RetireSMART by JPMorgan 2025 Fund
Data updated: 2025-02-28
MMIYX — MassMutual RetireSMART by JPMorgan 2025 Fund. Target Date / Glide Path Allocation · $105.62M AUM. Holdings, fees, performance and SEC filings.
MMIYX Fund Overview
MMIYX — MassMutual RetireSMART by JPMorgan 2025 Fund is a US mutual fund managed by Massmutual Select Funds, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Massmutual Select Funds
- Category: Target Date / Glide Path Allocation
- Assets under management: $105.62M
- 1-year return: 7.4%
- Ticker: MMIYX
- SEC CIK: 0000916053
- SEC series ID: S000028351
- Share class ID: C000086633
MMIYX Investment Objective and Strategy
MassMutual RetireSMART by JPMorgan 2025 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Massmutual Select Funds.
Investment objective
The Fund 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.
Principal investment strategy
"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 2025 and likely to stop making new investments in the Fund at or around that time. Underlying Funds will include a combination of MassMutual Select Funds and MassMutual Premier Funds (advised by MML Investment Advisers, LLC (""MML Advisers""), a wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company (""MassMutual"")), Barings Funds (advised by Barings LLC (""Barings""), a wholly-owned, indirect subsidiary of MassMutual), and J.P. Morgan Funds (advised by J.P. Morgan Investment Management Inc. (""J.P.
Morgan"") or its affiliates), and may include other, non-affiliated mutual funds. The Underlying Funds may invest in various asset classes, including equity securities, fixed income securities, and money market instruments. Underlying Funds may also invest some or all of their assets in commodities or commodities-related investments. Non-affiliated Underlying Funds in which the Fund may invest are typically passively managed funds that seek to track the performance of a particular market index, which may be broad-based or relate to a particular sector, market, region, or industry. The Fund is advised by MML Advisers and subadvised by J.P. Morgan . J.P. Morgan has responsibility for determining the Fund's strategic asset allocation (its ""glide path"") and tactical asset allocation. MML Advisers has overall responsibility for the Fund and for implementing those allocations through the selection of, and allocations to, Underlying Funds.
Most of the Fund's assets will typically be invested in mutual funds advised by MML Advisers, J.P. Morgan, or their affiliates, including typically a 15% to 30% allocation to mutual funds advised or subadvised by J.P. Morgan or its affiliates. The Fund's assets are allocated among Underlying Funds according to an asset allocation strategy that generally becomes increasingly conservative until it reaches its most conservative strategic target allocations by the end of 2025. It is intended that the Fund's strategic target allocations will approximate those of the MassMutual RetireSMART by JPMorgan In Retirement Fund by the end of 2025. As the Fund reaches 2025 and investors redeem shares of the Fund, the Fund's annual fund operating expenses may increase because certain fixed costs of the Fund would be shared by a smaller pool of assets.
When the strategic target allocations of the Fund are substantially the same as those of the MassMutual RetireSMART by JPMorgan In Retirement Fund, the Fund may be merged into the MassMutual RetireSMART by JPMorgan In Retirement Fund at the discretion of the Fund's Board of Trustees (""Trustees"") without a vote of shareholders. For more information, see ""MassMutual RetireSMART by JPMorgan Funds"" in the section titled Additional Information Regarding Investment Objectives and Principal Investment Strategies beginning on page 133 of the Fund's Prospectus. The glide path depicted in the chart below shows how the Fund's strategic target allocations among asset and sub-asset classes generally become more conservative as the target retirement date approaches (typically more emphasis on fixed income and less on equity).
The table accompanying the chart is simply the glide path in tabular form. The glide path below shows the Fund's strategic target allocations initially established in 2018. Strategic Target Allocations (1) ? Years to Target Date ? ? 40 + ? ? 35 ? ? 30 ? ? 25 ? ? 20 ? ? 15 ? ? 10 ? ? 5 ? ? 0 ? ? -5 ? ? -10 ? Equity ? ? ? ? 86.0 % ? ? ? ? ? 86.0 % ? ? ? ? ? 86.0 % ? ? ? ? ? 86.0 % ? ? ? ? ? 79.0 % ? ? ? ? ? 72.0 % ? ? ? ? ? 62.0 % ? ? ? ? ? 52.0 % ? ? ? ? ? 36.0 % ? ? ? ? ? 36.0 % ? ? ? ? ? 36.0 % ? ? U.S. Large Cap Equity Funds ? ? ? ? 37.8 % ? ? ? ? ? 37.8 % ? ? ? ? ? 37.8 % ? ? ? ? ? 37.8 % ? ? ? ? ? 34.7 % ? ? ? ? ? 31.7 % ? ? ? ? ? 27.3 % ? ? ? ? ? 22.9 % ? ? ? ? ? 15.8 % ? ? ? ? ? 15.8 % ? ? ? ? ? 15.8 % ? ? U.S. Small/Mid Cap Equity Funds ? ? ? ? 8.7 % ? ? ? ? ? 8.7 % ? ? ? ? ? 8.7 % ?
? ? ? ? 8.7 % ? ? ? ? ? 8.0 % ? ? ? ? ? 7.3 % ? ? ? ? ? 6.3 % ? ? ? ? ? 5.3 % ? ? ? ? ? 3.7 % ? ? ? ? ? 3.7 % ? ? ? ? ? 3.7 % ? ? REIT Funds ? ? ? ? 5.2 % ? ? ? ? ? 5.2 % ? ? ? ? ? 5.2 % ? ? ? ? ? 5.2 % ? ? ? ? ? 4.8 % ? ? ? ? ? 4.3 % ? ? ? ? ? 3.7 % ? ? ? ? ? 3.1 % ? ? ? ? ? 2.2 % ? ? ? ? ? 2.2 % ? ? ? ? ? 2.2 % ? ? International Equity Funds ? ? ? ? 25.8 % ? ? ? ? ? 25.8 % ? ? ? ? ? 25.8 % ? ? ? ? ? 25.8 % ? ? ? ? ? 23.7 % ? ? ? ? ? 21.6 % ? ? ? ? ? 18.6 % ? ? ? ? ? 15.6 % ? ? ? ? ? 10.8 % ? ? ? ? ? 10.8 % ? ? ? ? ? 10.8 % ? ? Emerging Markets Equity Funds ? ? ? ? 8.6 % ? ? ? ? ? 8.6 % ? ? ? ? ? 8.6 % ? ? ? ? ? 8.6 % ? ? ? ? ? 7.9 % ? ? ? ? ? 7.2 % ? ? ? ? ? 6.2 % ? ? ? ? ? 5.2 % ? ? ? ? ? 3.6 % ? ? ? ? ? 3.6 % ? ? ? ? ? 3.6 % ? ? Commodities ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ?
? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? Commodities Funds ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? Fixed Income ? ? ? ? 14.0 % ? ? ? ? ? 14.0 % ? ? ? ? ? 14.0 % ? ? ? ? ? 14.0 % ? ? ? ? ? 21.0 % ? ? ? ? ? 28.0 % ? ? ? ? ? 38.0 % ? ? ? ? ? 47.5 % ? ? ? ? ? 57.5 % ? ? ? ? ? 57.5 % ? ? ? ? ? 57.5 % ? ? U.S. Fixed Income Funds ? ? ? ? 9.5 % ? ? ? ? ? 9.5 % ? ? ? ? ? 9.5 % ? ? ? ? ? 9.5 % ? ? ? ? ? 16.0 % ? ? ? ? ? 22.4 % ? ? ? ? ? 30.4 % ? ? ? ? ? 35.0 % ? ? ? ? ? 37.5 % ? ? ? ? ? 37.5 % ? ? ? ? ? 37.5 % ? ? Inflation Managed Funds ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ?
0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 3.0 % ? ? ? ? ? 7.5 % ? ? ? ? ? 7.5 % ? ? ? ? ? 7.5 % ? ? High Yield Funds ? ? ? ? 3.0 % ? ? ? ? ? 3.0 % ? ? ? ? ? 3.0 % ? ? ? ? ? 3.0 % ? ? ? ? ? 3.3 % ? ? ? ? ? 3.6 % ? ? ? ? ? 4.9 % ? ? ? ? ? 6.6 % ? ? ? ? ? 9.1 % ? ? ? ? ? 9.1 % ? ? ? ? ? 9.1 % ? ? Emerging Markets Debt Funds ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.5 % ? ? ? ? ? 1.8 % ? ? ? ? ? 2.1 % ? ? ? ? ? 2.8 % ? ? ? ? ? 3.0 % ? ? ? ? ? 3.4 % ? ? ? ? ? 3.4 % ? ? ? ? ? 3.4 % ? ? Money Market/Cash and Cash Equivalents ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 5.0 % ? ? ? ? ? 5.0 % ? ? ? ? ? 5.0 % ? ? Money Market Funds/Cash and Cash Equivalents ?
? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 0.0 % ? ? ? ? ? 5.0 % ? ? ? ? ? 5.0 % ? ? ? ? ? 5.0 % ? ? ? Note: Above allocations may not sum up to 100% due to rounding. (1) As of September 24, 2018, the Fund utilizes Underlying Funds to implement its strategic target allocations. ? The Fund's actual allocations at any time will likely differ from those shown in the glide path and table above due to a number of factors, including, among others, changes made by J.P. Morgan to those strategic target allocations or changes arising from tactical allocations of the Fund's investments, cash flows into and out of the Fund, and appreciation/depreciation of the Fund's investments in different asset classes. In establishing the Fund's strategic target allocations, J.P.
Morgan attempts to develop a strategic allocation of the Fund's assets that it believes will outperform the S&P Target Date 2025 Index (the Fund's broad benchmark) and peer group over the long term. J.P. Morgan bases the Fund's strategic target allocation on its forward looking, long term capital markets assumptions and other factors it considers appropriate in light of the Fund's investment strategy. J.P. Morgan may review the Fund's strategic target allocations at any time in its discretion, in light of changes in its forward looking, long term capital markets assumptions and other factors it considers appropriate in light of the Fund's investment strategy, and will in any event review the strategic target allocations at least annually (generally, in the first quarter of each calendar year).
J.P. Morgan may adjust the strategic target allocations in its discretion at any time, in response to longer-term considerations, consistent with the Fund's investment strategy. These changes might include modifying the existing strategic target allocations among the asset and sub-asset classes or, among other things, adding or removing asset and sub-asset classes, or maintaining long-term strategic target allocations for longer or shorter periods of time. The changes in the Fund's strategic target allocations in any year will not typically cause the Fund's actual strategic target allocations to vary from the allocations shown in the Fund's Prospectus at the time by more than 5% for the equity, fixed income, money market/cash and cash equivalents, or commodity asset class or any specific sub-asset class.
In addition, J.P. Morgan may vary the Fund's allocations from its strategic allocations by making tactical allocations from time to time to take advantage of short- to intermediate-term opportunities or to avoid short- to intermediate-term challenges. These tactical allocations may cause the Fund's asset allocations at any given time to vary from the strategic target allocations shown in the Fund's Prospectus at the time by up to an additional 15% for the fixed income asset class (which may in turn cause the allocation to any fixed income sub-asset class to vary from its target allocation by the same additional amount), 10% for the equity asset class (which may in turn cause the allocation to any equity sub-asset class to vary from its target allocation by the same additional amount), 20% for the money market/cash and cash equivalents asset class (which may in turn cause the allocation to any money market/cash and cash equivalents sub-asset class to vary from its target allocation by the same additional amount), and 5% for the commodity asset class (which may in turn cause the allocation to any commodity sub-asset class to vary from its target allocation by the same additional amount).
The Fund will normally invest most of its assets in Underlying Funds advised by MML Advisers, J.P. Morgan, or their affiliates; the Fund will not normally invest more than 20% of its assets in mutual funds not advised by MML Advisers, J.P. Morgan, or their affiliates (referred to here as ""non-affiliated"" funds). In general, MML Advisers will seek to identify funds advised by MML Advisers, J.P. Morgan, or their affiliates to serve as Underlying Funds (which may include a fund or funds subadvised by J.P. Morgan). MML Advisers will typically invest in non-affiliated funds only to obtain broad passive exposure to one or more asset classes. MML Advisers will select Underlying Funds from among mutual funds advised by it or its affiliates or J.P. Morgan or its affiliates even though they may have higher expense ratios or less favorable historical performance than non-affiliated funds, and MML Advisers will have no obligation to select the least expensive or best performing funds available to serve as Underlying Funds.
In addition, MML Advisers will likely seek to invest assets in funds advised or subadvised by J.P. Morgan or its affiliates in an amount sufficient to ensure an appropriate level of revenue to J.P. Morgan. J.P. Morgan will be subject to a conflict of interest in determining the Fund's assets allocations, because it might expect to benefit financially by allocating the Fund's assets to asset classes where MML Advisers would be likely to invest in mutual funds advised or subadvised by J.P. Morgan or its affiliates.
MMIYX Holdings
Top 10 holdings of MassMutual RetireSMART by JPMorgan 2025 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Massmutual Core Bond Fund | 26.72% |
| Mm Equity Asset Fund | 11.72% |
| Massmutual Total Return Bond F | 6.58% |
| Massmutual High Yield Fund | 6.38% |
| Vanguard Total Bond Market Ind | 6.28% |
| Vanguard Developed Markets Ind | 5.89% |
| Massmutual Inflation Protected | 4.14% |
| Massmutual Equity Opportunitie | 3.76% |
| Massmutual Blue Chip Growth Fu | 3.36% |
| Massmutual Diversified Value F | 3.28% |
MMIYX Portfolio Allocation
Asset-class allocation of MassMutual RetireSMART by JPMorgan 2025 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
MMIYX Performance
Total returns for MMIYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.4% |
| 3 years (annualised) | 0.7% |
| 5 years (annualised) | 4.5% |
MMIYX Risk Information
Risk metrics for MMIYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.1%
MMIYX Costs and Fees
MMIYX costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.92%
- Portfolio turnover: 29%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MMIYX Cashflows
Over the 12 months to 2024-12, MassMutual RetireSMART by JPMorgan 2025 Fund had net outflows of $41.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$2.39M |
| 2024-11 | −$5.36M |
| 2024-10 | −$5.75M |
| 2024-09 | −$2.46M |
| 2024-08 | −$2.72M |
| 2024-07 | −$2.72M |
MMIYX Debt Constituents
No individual debt constituents are reported in MassMutual RetireSMART by JPMorgan 2025 Fund's latest SEC N-PORT filing.
MMIYX Prospectus and SEC Filings
Official MassMutual RetireSMART by JPMorgan 2025 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-02
- Prospectus (485BPOS) — filed 2023-01-31
- Prospectus (485BPOS) — filed 2022-01-31
- Portfolio holdings (N-PORT) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Annual census (N-CEN) — filed 2024-12-13
- Annual census (N-CEN) — filed 2023-12-13
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.