Class S Clause Samples
The "Class S" clause defines a specific category or class of shares or interests within a company or investment structure. Typically, this clause outlines the rights, privileges, and restrictions associated with Class S shares, such as voting rights, dividend entitlements, or conversion features. For example, Class S shares might have limited voting power but preferential access to certain distributions. The core function of this clause is to clearly distinguish the characteristics of Class S from other classes, ensuring clarity for shareholders and helping to allocate rights and obligations appropriately among different investor groups.
Class S. 1F Component 1, 2, 3, 4, 5, 6, 7 or 8............................... 11
Class S. Class S shares are available only to the separate accounts of the Adviser and life insurance company affiliates of the Adviser ("Separate Accounts"). Interests in the Separate Accounts are offered only to defined contribution plans and defined benefit plans under Code section 401(a) and certain other plans in accordance with the Federal securities laws and the rules and regulations thereunder. Class S shares are offered at net asset value without a front-end or contingent deferred sales charge. Class S shares were formerly known as Class 4 shares.
Class S. Class S shares are not subject to Rule 12b-1 fees because there are not expected to be any distribution or service expenses attributable to Class S due to the nature of the investors eligible to purchase Class S shares. Administrative Arrangements The Adviser has entered into a separate Administrative and Shareholder Services Agreement for each Fund pursuant to which the Adviser is compensated for administrative and shareholder services rendered and expenses incurred by it in the rendering of such services and for the cost of bearing some Class expenses, such as Federal and state registration fees, printing and postage. Each Agreement anticipates that the Adviser will provide extensive services to Class A, modest services to Class Y and limited services to Class S. The Trust, on behalf of each Fund, pays the Adviser a monthly fee for the services performed at an annual rate of the average daily net assets of the applicable class of shares of the Fund within the range specified below. The administrative services fee is an Identifiable Class Expense. Also, as described above in the section entitled Distribution Arrangement -- Fees, Class A shares will bear a service fee which is used to compensate the Adviser for rendering personal services to shareholders and for expenses incurred by it in the rendering of such services. Administrative Arrangements -- Fees Each Class of each Fund shall bear an administrative fee as set forth in each Fund's Administrative and Shareholder Services Agreement. Such fees will vary from Class to Class and may vary from Fund to Fund. Set forth below is the range of administrative fees paid by each Class of the existing seven funds (the MassMutual Prime Fund, MassMutual Short-Term Bond Fund, MassMutual Balanced Fund, MassMutual Value Equity Fund, MassMutual Small Cap Value Equity Fund and MassMutual International Equity Fund).
Class S. B-1, Class S-B-2, Class S-B-3, Class S-B-4, Class S-B-5 and Class S-B-6 Certificates. Aggregate Group II Certificates........... Aggregate Group II Senior Certificates and Aggregate Group II Subordinated Certificates. Aggregate Group II Senior Certificates.............................. Group 3 Certificates and Group 4 Certificates. Aggregate Group II Subordinated Certificates.............................. Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates. Book-Entry Certificates................... All Classes of Certificates other than the Definitive Certificates. Combined Certificates..................... None. Component Certificates.................... None.
Class S. M-1 Certificates, Class S-M-2 Certificates, Class S-B Certificates and Class S-X Certificates.
Class S. B-1, Class B-1, Class S-B-2, Class B-2, Class S-B-3, Class B-3, Class S-B-4, Class B-4, Class S-B-5, Class B-5, Class S-B-6 and Class B-6 Certificates. Targeted Principal Classes................ None.
Class S. Class S shares will bear an annual administrative service fee not to exceed a range of between .08% and .10%.