MMZLX

About MMZLX

MassMutual Select T. Rowe Price Retirement 2065 Fund is a target-date mutual fund designed primarily for individuals planning to retire near the year 2065. Its main purpose is to provide long-term growth and income by dynamically adjusting its asset allocation over time: it starts with a higher emphasis on equities to pursue capital appreciation in the early years and gradually shifts toward fixed income investments as the target retirement date approaches. The fund operates as a fund of funds, investing in a broad mix of underlying T. Rowe Price stock and bond funds. This diversified structure provides exposure across multiple asset classes, sectors, and geographies, aiming to balance growth potential and risk management. The fund plays a significant role in the retirement market, particularly within employer-sponsored retirement plans, serving as an all-in-one investment solution that automatically adapts to participants’ changing risk profiles as they near and enter retirement. This adaptive glide path makes it well-suited for long-term retirement savers seeking a professionally managed, age-appropriate investment portfolio.