MMFOX

About MMFOX

MassMutual Select T. Rowe Price Retirement 2040 Fund I is a target-date mutual fund designed for investors planning to retire around 2040. Its primary purpose is to offer a diversified, professionally managed portfolio that gradually shifts from growth-oriented assets to more income- and capital‑preservation assets as the target date approaches. The fund implements an equity‑heavy glide path in earlier years, then reduces equity exposure over time, continuing to adjust for decades past retirement to balance longevity and market risks. It invests primarily in a mix of underlying MassMutual Select and T. Rowe Price funds spanning U.S. large-cap, small- and mid-cap, international equities, core and high yield bonds, real assets, and Treasury exposures, leveraging T. Rowe Price’s multi-asset research and oversight. Positioned within the Target-Date 2040 category, it serves as a single‑fund solution for retirement savers seeking a dynamic allocation across global equities and diversified fixed income with periodic rebalancing and risk management aligned to an expected retirement horizon.