EXPENSE LIMITATION AGREEMENT
Exhibit h(9)
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts corporation (the “Manager”), and MassMutual Premier Funds, a Massachusetts business trust (the “Trust”), effective as of the 1st day of March, 2006.
WHEREAS, the Trust is an open-end diversified management investment company registered as such with the Securities and Exchange Commission pursuant to the Investment Company Act of 1940, as amended;
WHEREAS, MassMutual Premier Money Market Fund, MassMutual Premier Short-Duration Bond Fund, MassMutual Premier Core Bond Fund, MassMutual Premier Diversified Bond Fund, MassMutual Premier Strategic Income Fund, MassMutual Premier Balanced Fund, MassMutual Premier Enhanced Index Value Fund, MassMutual Premier Enhanced Index Value Fund II, MassMutual Premier Enhanced Index Core Equity Fund, MassMutual Premier Main Street Fund, MassMutual Premier Capital Appreciation Fund, MassMutual Premier Core Growth Fund, MassMutual Premier Enhanced Index Growth Fund, MassMutual Premier Small Capitalization Value Fund, MassMutual Premier Small Company Opportunities Fund, MassMutual Premier Global Fund and MassMutual Premier International Equity Fund (the “Funds”) are each a series of the Trust;
WHEREAS, the Manager is an investment adviser registered with the Commission as such under the Investment Advisers Act of 1940, as amended; and
WHEREAS, the Trust has appointed the Manager as its investment manager for the Funds and the Manager has agreed to act in such capacity upon the terms set forth in the relevant Investment Management Agreements;
NOW THEREFORE, the Trust and the Manager hereby agree as follows:
1. | Expense Limitation |
The Manager agrees to expense waivers and/or cap the fees and expenses of each Fund (other than extraordinary litigation and legal expenses, or other non-recurring or unusual expenses) at the following amounts through February 28, 2007. This agreement cannot be terminated unilaterally by the Manager.
MassMutual Premier Money Market Fund
Expense Cap | Waiver | |||
Class N shares | 1.07% | 0.18% | ||
Class A shares | 0.77% | 0.18% | ||
Class L sharea | 0.52% | 0.18% | ||
Class Y shares | 0.55% | |||
Class S shares | 0.45% |
MassMutual Premier Short-Duration Bond Fund
Expense Cap | Waiver | |||
Class N shares | 1.22% | 0.07% | ||
Class A shares | 0.92% | 0.07% | ||
Class L sharea | 0.67% | 0.07% | ||
Class Y shares | 0.59% | |||
Class S shares | 0.54% |
MassMutual Premier Core Bond Fund
Expense Cap | Waiver | |||
Class N shares | 1.28% | 0.08% | ||
Class A shares | 0.96% | 0.08% | ||
Class L shares | 0.71% | 0.08% | ||
Class Y shares | 0.64% | |||
Class S shares | 0.59% |
MassMutual Premier Diversified Bond Fund
Expense Cap | Waiver | |||
Class N shares | 1.29% | 0.15% | ||
Class A shares | 0.99% | 0.15% | ||
Class L shares | 0.75% | 0.15% | ||
Class Y shares | 0.74% | |||
Class S shares | 0.69% |
MassMutual Premier Strategic Income Fund
Expense Cap | ||||
Class N shares | 1.38% | |||
Class A shares | 1.16% | |||
Class L shares | 0.89% | |||
Class Y shares | 0.76% | |||
Class S shares | 0.71% |
MassMutual Premier Balanced Fund
Expense Cap | ||||
Class N shares | 1.47% | |||
Class A shares | 1.16% | |||
Class L shares | 0.91% | |||
Class Y shares | 0.76% | |||
Class S shares | 0.60%] |
MassMutual Premier Enhanced Index Value Fund
Expense Cap | ||||
Class N shares | 1.40% | |||
Class A shares | 1.09% | |||
Class L shares | 0.84% | |||
Class Y shares | 0.69% | |||
Class S shares | 0.59% |
MassMutual Premier Enhanced Index Value Fund II
Expense Cap | ||||
Class N shares | 1.40% | |||
Class A shares | 1.09% | |||
Class L shares | 0.84% | |||
Class Y shares | 0.69% | |||
Class S shares | 0.59% |
MassMutual Premier Enhanced Index Core Equity Fund
Expense Cap | ||
Class N shares |
1.40% | |
Class A shares |
1.09% | |
Class L shares |
0.84% | |
Class Y shares |
0.69% | |
Class S shares |
0.59% |
MassMutual Premier Main Street Fund
Expense Cap | ||
Class N shares |
1.53% | |
Class A shares |
1.23% | |
Class L shares |
0.93% | |
Class Y shares |
0.83% | |
Class S shares |
0.60% |
MassMutual Premier Capital Appreciation Fund
Expense Cap | ||
Class N shares |
1.46% | |
Class A shares |
1.09% | |
Class L shares |
0.97% | |
Class Y shares |
0.82% | |
Class S shares |
0.71% |
MassMutual Premier Core Growth Fund
Expense Cap | ||
Class N shares |
1.50% | |
Class A shares |
1.20% | |
Class L shares |
0.95% | |
Class Y shares |
0.80% | |
Class S shares |
0.75% |
MassMutual Premier Enhanced Index Growth Fund
Expense Cap | ||
Class N shares |
1.40% | |
Class A shares |
1.09% | |
Class L shares |
0.84% | |
Class Y shares |
0.69% | |
Class S shares |
0.59% |
MassMutual Premier Small Capitalization Value Fund
Expense Cap | ||
Class N shares |
1.60% | |
Class A shares |
1.30% | |
Class L shares |
1.05% | |
Class Y shares |
0.90% | |
Class S shares |
0.85% |
MassMutual Premier Small Company Opportunities Fund
Expense Cap | ||
Class N shares |
1.49% | |
Class A shares |
1.14% | |
Class L shares |
0.89% | |
Class Y shares |
0.79% | |
Class S shares |
0.69% |
MassMutual Premier Global Fund
Expense Cap | ||
Class N shares |
1.52% | |
Class A shares |
1.43% | |
Class L shares |
1.14% | |
Class Y shares |
1.03% | |
Class S shares |
0.89% |
MassMutual Premier International Equity Fund
Expense Cap | ||
Class N shares |
1.82% | |
Class A shares |
1.52% | |
Class L shares |
1.27% | |
Class Y shares |
1.12% | |
Class S shares |
1.09% |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 27th day of February, 2006.
MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
By: /s/Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx, Vice President and Actuary
on behalf of each of the Funds
By: /s/Xxxxx X. XxXxxxxxxx
Xxxxx X. XxXxxxxxxx, President