MRFZX Performance — MassMutual RetireSMART by JPMorgan 2040 Fund, Class R4
Data updated: 2025-02-28
MRFZX returned +11.09% over one year to Dec 2024. Annualised returns are +2.68% over 3 years and +7.08% over 5 years. The fund trailed its Target-Date category average: $100 invested three years ago grew to $108, against $109 for the category, and to $111 over one year, against $111. Volatility over the past three years was 14.80% a year. In the 12 months to Dec 2024 the fund lost a net $22.5M, and assets reached $188.02M.
MRFZX Growth of $100
What $100 invested in MassMutual RetireSMART by JPMorgan 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 | MRFZX | Category average |
|---|---|---|
| 1 year (Jan 2024 – Dec 2024) | $111 | $111 |
| 3 years (Jan 2022 – Dec 2024) | $108 | $109 |
| 5 years (Jan 2020 – Dec 2024) | $141 | $139 |
| Since data start (Jul 2019 – Dec 2024) | $152 | $147 |
MRFZX Trailing Returns
Total returns to Dec 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +11.09% |
| 3 years (annualised) | +2.68% |
| 5 years (annualised) | +7.08% |
MRFZX Annual Returns
Calendar-year total returns of MassMutual RetireSMART by JPMorgan 2040 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 | +11.09% |
| 2023 | +17.54% |
| 2022 | −17.11% |
| 2021 | +15.88% |
| 2020 | +12.24% |
| 2019 (Jul–Dec) | +7.73% |
MRFZX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +2.7% | +3.2% | −0.3% | +1.1% | +3.6% | −3.6% | +1.9% | +2.4% | +2.3% | −3.2% | +3.1% | −2.3% |
| 2023 | +2.2% | −2.8% | +6.9% | +4.8% | −1.5% | +1.2% | −4.1% | −2.6% | +2.8% | +5.1% | +8.0% | −2.8% |
| 2022 | +0.7% | −2.8% | −3.9% | −7.4% | +0.4% | −6.9% | −8.5% | −3.5% | +5.9% | −3.6% | +7.6% | +5.0% |
| 2021 | +2.5% | +2.9% | −0.9% | +0.6% | +1.7% | +4.1% | −3.5% | +1.7% | +0.5% | +4.0% | −2.7% | +4.3% |
| 2020 | −14.4% | −6.3% | −1.4% | +2.9% | +4.1% | +9.0% | −2.8% | +4.4% | +4.5% | +4.4% | +11.7% | −1.8% |
| 2019 | — | — | — | — | — | — | +1.5% | −1.2% | +0.2% | +2.7% | +2.1% | +2.2% |
MRFZX Risk
Risk measures from monthly returns over Jan 2022 – Dec 2024.
- 3-year volatility (annualised): 14.80%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +7.98% (Nov 2023)
- Worst month: −8.54% (Jul 2022)
MRFZX Fund Flows
Monthly money in and out of MassMutual RetireSMART by JPMorgan 2040 Fund, from SEC Form N-PORT.
- 12-month net flow: −$22.5M
- 12-month gross sales (incl. reinvestments): $50.7M
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2024 | $2.8M | $5.7M | −$2.9M |
| Nov 2024 | $3.7M | $5.5M | −$1.7M |
| Oct 2024 | $16.6M | $7.9M | $8.7M |
| Sep 2024 | $4.1M | $9.0M | −$5.0M |
| Aug 2024 | $3.0M | $3.4M | −$481K |
| Jul 2024 | $2.3M | $4.3M | −$2.0M |
| Jun 2024 | $2.9M | $4.1M | −$1.3M |
| May 2024 | $2.5M | $3.8M | −$1.3M |
| Apr 2024 | $1.9M | $11.3M | −$9.3M |
| Mar 2024 | $4.2M | $9.7M | −$5.5M |
| Feb 2024 | $4.2M | $2.3M | $1.9M |
| Jan 2024 | $2.6M | $6.2M | −$3.6M |
MRFZX Assets Under Management
Net assets of MassMutual RetireSMART by JPMorgan 2040 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-12-31 | $188.02M |
| 2024-09-30 | $202.89M |
| 2024-06-30 | $197.38M |
| 2024-03-31 | $207.33M |
| 2023-12-31 | $203.12M |
| 2023-09-30 | $192.82M |
| 2023-06-30 | $261.60M |
| 2023-03-31 | $259.86M |
| 2022-12-31 | $244.13M |
| 2022-09-30 | $223.91M |
| 2022-06-30 | $241.92M |
| 2022-03-31 | $284.98M |
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.