MMFUX

About MMFUX

MassMutual Select T. Rowe Price Retirement 2045 Fund M5 is a target-date mutual fund designed for investors planning to retire around 2045. It follows a glide path that starts equity-heavy to pursue long-term growth and gradually shifts toward a more balanced mix as retirement nears, aiming to temper volatility and sequencing risk. The fund is subadvised by T. Rowe Price, leveraging a collaborative, research-driven process and a lineup of underlying MassMutual Select and T. Rowe Price strategies spanning U.S. large-cap, small- and mid-cap, international equity, real assets, and core and inflation-sensitive fixed income. Recent enhancements include allocations to hedged equity and dynamic credit strategies to help moderate drawdowns as the target date approaches. At the target date, the allocation is expected to settle near a majority in equities to support longevity needs while incorporating meaningful fixed income exposure for stability. The fund serves as a diversified, all-in-one option for retirement savers seeking professional asset allocation, systematic rebalancing, and ongoing risk management within a single vehicle.