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Trending ETFs

MassMutual Select T. Rowe Price Retirement 2030 Fund

mutual fund
MMTQX
Payout Change
Pending
Price as of:
$16.732 +0.05 +0.28%
primary theme
N/A
share class
I (MMTRX) M5 (MMTOX) M4 (MMTPX) M3 (MMTQX)
MMTQX (Mutual Fund)

MassMutual Select T. Rowe Price Retirement 2030 Fund

Payout Change
Pending
Price as of:
$16.732 +0.05 +0.28%
primary theme
N/A
share class
I (MMTRX) M5 (MMTOX) M4 (MMTPX) M3 (MMTQX)
MMTQX (Mutual Fund)

MassMutual Select T. Rowe Price Retirement 2030 Fund

Payout Change
Pending
Price as of:
$16.732 +0.05 +0.28%
primary theme
N/A
share class
I (MMTRX) M5 (MMTOX) M4 (MMTPX) M3 (MMTQX)

Name

As of 09/10/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MassMutual Select T. Rowe Price Retirement 2030 Fund

MMTQX | Fund

$16.73

$276 M

2.80%

$0.47

1.23%

Vitals

YTD Return

85.7%

1 yr return

86.0%

3 Yr Avg Return

26.8%

5 Yr Avg Return

17.1%

Net Assets

$276 M

Holdings in Top 10

95.0%

52 WEEK LOW AND HIGH

$16.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/10/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MassMutual Select T. Rowe Price Retirement 2030 Fund

MMTQX | Fund

$16.73

$276 M

2.80%

$0.47

1.23%

MMTQX - Profile

Distributions

  • YTD Total Return 85.7%
  • 3 Yr Annualized Total Return 26.8%
  • 5 Yr Annualized Total Return 17.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.34%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MassMutual Select T. Rowe Price Retirement 2030 Fund
  • Fund Family Name
    MASSMUTUAL FUNDS
  • Inception Date
    Feb 16, 2018
  • Shares Outstanding
    N/A
  • Share Class
    M3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wyatt Lee

Fund Description

Principal Investment Strategies
The Fund is a “fund of funds” that pursues its objective by investing in a diversified portfolio of other stock and bond series of both the MassMutual Funds and T. Rowe Price Funds that represent various asset classes and sectors (“Underlying Funds”). The Fund’s allocation among Underlying Funds will change over time in
relation to its target retirement date. The Fund is subadvised by T. Rowe Price Associates, Inc. (“T. Rowe Price”). Underlying Funds in which the Fund invests are predominantly either advised or subadvised by T. Rowe Price.
The Fund is managed based on the specific retirement year (target date 2030) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the Fund would plan to retire and likely stop making new investments in the Fund. The Fund is primarily designed for an investor who anticipates retiring at or about the target date and who plans to withdraw the value of the account in the Fund gradually after retirement. However, if an investor retires earlier or later than age 65, the Fund may not be an appropriate investment even if the investor retires on or near the Fund’s target date.
Over time, the allocation to asset classes and funds will change according to a predetermined “glide path” shown in the following chart (the left axis indicates the overall neutral allocation to stocks with the remainder of the allocation to bonds). The glide path represents the shifting of asset classes over time and shows how the Fund’s asset mix becomes more conservative–both prior to and after retirement–as time elapses. This reflects the need for reduced market risks as retirement approaches and the need for lower portfolio volatility after retiring. Although the glide path is meant to dampen the Fund’s potential volatility as retirement approaches, the Fund is not designed for a lump sum redemption at the retirement date. The Fund pursues an asset allocation strategy that promotes asset accumulation prior to retirement, but it is intended to also serve as a post-retirement investment vehicle with allocations designed to support an income stream made up of regular withdrawals throughout retirement along with some portfolio growth that exceeds inflation. After the target date, the Fund is designed to balance longevity and inflation risks along with the need for some income, although it does not guarantee a particular level of income.
The glide path provides for a neutral allocation to stocks at the target date of 55%. The Fund’s overall exposure to stocks will continue to decline until approximately 30 years after its target date, when its neutral allocations to stocks and bonds will remain unchanged. There are no maturity restrictions within the Fund’s overall allocation to bonds, although the bond funds in which the Fund invests may impose specific limits on maturity or credit quality. The allocations are referred to as “neutral” allocations because they are strategic and do not reflect any tactical decisions made by T. Rowe Price to overweight or underweight a particular asset class or sector based on its market outlook. The target allocations assigned to the broad asset classes (Stocks and Bonds), which reflect these tactical decisions resulting from market outlook, are not expected to vary from the neutral allocations set forth in the glide path by more than plus or minus 5%. The target allocations and actual allocations may differ due to significant market movements or cash flows.
The following table details the way the portfolio is generally expected to be allocated between the asset classes. The table also shows the expected allocations to the Underlying Funds that will be used within those asset classes. The information in the table represents the neutral allocations for the Fund as of February 1, 2025. The Fund’s shareholder reports set forth its actual allocations between stock funds and bond funds and to the individual Underlying Funds. T. Rowe Price may modify the target asset allocation strategy or the
selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund’s asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). A description of the Underlying Funds is included in Appendix D of the Statement of Additional Information (“SAI”).
​
Stock Funds
 ​ ​ ​ ​ 66.20% ​ ​
​
MassMutual Select T. Rowe Price Large Cap Blend Fund
​ ​ ​ ​ 33.55% ​ ​
​
MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund
​ ​ ​ ​ 8.39% ​ ​
​
MassMutual Select T. Rowe Price International Equity Fund
​ ​ ​ ​ 17.97% ​ ​
​
MassMutual Select T. Rowe Price Real Assets Fund
​ ​ ​ ​ 3.31% ​ ​
​ T. Rowe Price Hedged Equity Fund ​ ​ ​ ​ 2.98% ​ ​
​ Bond Funds ​ ​ ​
​
33.80%
​ ​
​
MassMutual Select T. Rowe Price Bond Asset Fund
​ ​ ​ ​ 17.58% ​ ​
​ T. Rowe Price Dynamic Global Bond Fund ​ ​ ​ ​ 2.93% ​ ​
​
T. Rowe Price U.S. Treasury Long-Term Index Fund
​ ​ ​ ​ 3.87% ​ ​
​ T. Rowe Price Institutional High Yield Fund ​ ​ ​ ​ 1.57% ​ ​
​
T. Rowe Price Institutional Floating Rate Fund
​ ​ ​ ​ 0.67% ​ ​
​
T. Rowe Price Emerging Markets Bond Fund
​ ​ ​
​
2.24%
​ ​
​
T. Rowe Price Limited Duration Inflation Focused Bond Fund
​ ​ ​ ​ 4.50% ​ ​
​ T. Rowe Price Dynamic Credit Fund ​ ​ ​ ​ 0.44% ​ ​
Note: The Underlying Fund allocations above may not sum up to 100% due to rounding.
Because the Fund will invest in Underlying Funds advised by MML Advisers, T. Rowe Price, or their affiliates, the Fund will not invest in funds advised or sponsored by others, even if they are less expensive or have better historical performance records. T. Rowe Price will be subject to a conflict of interest in selecting Underlying Funds, because its selection of Underlying Funds might appear to be influenced by the expected effect of the selection on its revenues or other benefits of the selection to it. T. Rowe Price has advised the Fund that, as a fiduciary to the Fund, T. Rowe Price has a duty to put the best interests of the Fund ahead of its own interest and that, consequently, it will make investment decisions for the Fund in the best interest of the Fund to achieve the Fund’s investment objectives and not for the benefit of T. Rowe Price.
Through its investments in Underlying Funds, the Fund will be exposed to a wide range of securities and other instruments with differing characteristics
(such as credit quality, duration, geography, industry, and market capitalization), which may include without limitation equity securities of small-, mid-, or large-capitalization U.S. or non-U.S. issuers (including issuers that may only recently have become public companies), fixed income securities of U.S. or non-U.S. private or governmental issuers (including “junk” or “high yield” bonds, including securities in default), inflation-protected securities, bank loans, and short-term investments of any kind. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stock, real estate investment trusts (“REITs”), rights, and warrants.
An Underlying Fund may engage in foreign currency exchange transactions, including forward contracts, options on currency, futures contracts, and swap contracts, to take long or short positions in foreign currencies in order to enhance its investment return or to attempt to protect against adverse changes in currency exchange rates. An Underlying Fund may be permitted to use a wide variety of additional exchange-traded and over-the-counter derivatives, including options, futures contracts, swap contracts (including interest rate swaps, total return swaps, and credit default swaps), and hybrid instruments. An Underlying Fund may typically use these derivatives for hedging purposes, as a substitute for direct investments, to earn additional income, to gain exposure to securities or markets in which it might not be able to invest directly, or to adjust various portfolio characteristics, including the duration (interest rate volatility) of the Fund’s portfolio of debt securities. Use of derivatives by an Underlying Fund may create investment leverage.
An Underlying Fund may enter into repurchase agreement transactions. An Underlying Fund may invest in mortgage-backed or other asset-backed securities. An Underlying Fund may enter into dollar roll or reverse repurchase agreement transactions. Some investments by an Underlying Fund may be restricted as to resale or otherwise considered to be illiquid. An Underlying Fund may engage in active and frequent trading and so could have a relatively high portfolio turnover rate. The Fund will bear a pro rata share of the Underlying Funds’ expenses. The Fund also bears all of the risks associated with the investment strategies used by the Underlying Funds.
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MMTQX - Performance

Return Ranking - Trailing

Period MMTQX Return Category Return Low Category Return High Rank in Category (%)
YTD 85.7% 6.5% 90.3% 2.23%
1 Yr 86.0% 5.4% 90.9% 2.23%
3 Yr 26.8%* 6.2% 33.5% 2.25%
5 Yr 17.1%* 3.0% 21.1% 2.50%
10 Yr N/A* 5.3% 9.2% N/A

* Annualized

Return Ranking - Calendar

Period MMTQX Return Category Return Low Category Return High Rank in Category (%)
2025 6.5% -3.8% 10.9% 48.60%
2024 7.2% 5.5% 14.4% 94.38%
2023 -27.8% -33.7% -14.2% 92.13%
2022 2.8% -5.6% 14.0% 64.50%
2021 12.3% 3.9% 13.7% 6.33%

Total Return Ranking - Trailing

Period MMTQX Return Category Return Low Category Return High Rank in Category (%)
YTD 85.7% 6.5% 90.3% 2.23%
1 Yr 86.0% 5.4% 90.9% 2.23%
3 Yr 26.8%* 6.2% 33.5% 2.25%
5 Yr 17.1%* 3.0% 21.1% 2.50%
10 Yr N/A* 5.3% 9.2% N/A

* Annualized

Total Return Ranking - Calendar

Period MMTQX Return Category Return Low Category Return High Rank in Category (%)
2025 10.2% 5.1% 16.0% 38.55%
2024 15.7% 10.0% 25.8% 30.34%
2023 -26.4% -26.4% 0.7% 100.00%
2022 12.7% 1.6% 18.5% 30.18%
2021 15.1% 9.1% 19.3% 28.48%

NAV & Total Return History

MMTQX - Holdings

Concentration Analysis

MMTQX Category Low Category High MMTQX % Rank
Net Assets 276 M 6.31 M 103 B 72.63%
Number of Holdings 14 4 1064 74.30%
Net Assets in Top 10 262 M 7.58 M 102 B 72.63%
Weighting of Top 10 95.01% 60.8% 120.2% 30.51%

Top 10 Holdings

  1. MassMutual Select T Rowe Price Large Cap Blend Fund Class 31.62%
  2. MassMutual Select T Rowe Price International Equity Fund 18.33%
  3. MassMutual Select T Rowe Price Bond Asset Fund 15.69%
  4. MassMutual Select T Rowe Price Small and Mid Cap Blend Fund 7.47%
  5. T Rowe Price Limited Duration Inflation Focused Bond Fund 5.19%
  6. MassMutual Select T Rowe Price Real Assets Fund 4.31%
  7. T Rowe Price US Treasury Money Fund Inc 3.68%
  8. T Rowe Price Hedged Equity Fund 3.17%
  9. T Rowe Price US Treasury Long-Term Index Fund 3.08%
  10. T Rowe Price Dynamic Global Bond Fund 2.47%

Asset Allocation

Weighting Return Low Return High MMTQX % Rank
Stocks 		99.97% 0.00% 101.74% 5.03%
Convertible Bonds 		0.15% 0.03% 1.11% 96.09%
Cash 		0.03% 0.00% 21.21% 95.53%
Preferred Stocks 		0.00% 0.00% 0.03% 91.62%
Other 		0.00% -0.07% 2.89% 86.59%
Bonds 		0.00% 0.00% 37.34% 92.18%

Stock Sector Breakdown

Weighting Return Low Return High MMTQX % Rank
Technology 		19.68% 16.19% 23.99% 34.08%
Financial Services 		14.43% 12.64% 18.99% 70.39%
Healthcare 		13.41% 10.63% 14.63% 29.05%
Consumer Cyclical 		12.69% 9.01% 13.37% 3.91%
Industrials 		10.07% 8.84% 12.27% 64.25%
Communication Services 		10.00% 5.69% 10.00% 1.68%
Basic Materials 		4.99% 3.27% 7.02% 35.20%
Consumer Defense 		4.88% 4.88% 8.28% 99.44%
Real Estate 		4.20% 1.86% 12.53% 51.96%
Utilities 		3.18% 1.89% 3.89% 25.70%
Energy 		2.47% 2.47% 6.43% 99.44%

Stock Geographic Breakdown

Weighting Return Low Return High MMTQX % Rank
US 		99.97% 0.00% 101.74% 5.03%
Non US 		0.00% 0.00% 21.63% 91.62%

MMTQX - Expenses

Operational Fees

MMTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.05% 10.17% 17.98%
Management Fee 0.67% 0.00% 0.80% 97.16%
12b-1 Fee 0.50% 0.00% 1.00% 81.61%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

MMTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MMTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MMTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 3.00% 98.00% 47.83%

MMTQX - Distributions

Dividend Yield Analysis

MMTQX Category Low Category High MMTQX % Rank
Dividend Yield 2.80% 0.00% 7.28% 99.44%

Dividend Distribution Analysis

MMTQX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

MMTQX Category Low Category High MMTQX % Rank
Net Income Ratio 0.34% 0.12% 3.79% 97.13%

Capital Gain Distribution Analysis

MMTQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

View More +

MMTQX - Fund Manager Analysis

Managers

Wyatt Lee

Start Date

Tenure

Tenure Rank

Feb 16, 2018

4.29

4.3%

Wyatt Lee, CFA is a Vice President and Portfolio Manager at T. Rowe Price. Mr. Lee became chairman of the committee in 2011. He joined the Firm in 1999 and his investment experience dates from 1997.

Kimberly DeDominicis

Start Date

Tenure

Tenure Rank

Oct 08, 2019

2.65

2.7%

Ms. DeDominicis originally joined T. Rowe Price in 1998 and returned to the Firm in 2003. Her investment experience dates from 1999. Ms. DeDominicis has served as an associate portfolio manager for the target date strategies during the past five years.

Andrew Jacobs van Merlen

Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Andrew Jacobs van Merlen is a Vice President of T. Rowe Price Group. Mr. Jacobs van Merlen earned a BS in finance from the University of Maryland and an MBA in sustainable business from the University of Cambridge. He also has earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 5.79 2.41

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