EXPENSE LIMITATION AGREEMENT
Exhibit H(5)
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts life insurance company (the “Manager”), and MML Series Investment Fund, a Massachusetts business trust (the “Trust”), effective as of the 1st day of May, 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, MML Asset Allocation Fund, MML Equity Income Fund, MML Income & Growth Fund, MML Growth & Income Fund, MML Blue Chip Growth Fund, MML Large Cap Growth Fund, MML Concentrated Growth Fund, MML Mid Cap Value Fund, MML Mid Cap Growth Fund, MML Small Cap Value Fund, MML Small Cap Index Fund, MML Global Fund and MML Foreign 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 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 April 30, 2008. This agreement cannot be terminated unilaterally by the Manager.
MML Asset Allocation Fund
.57%
MML Equity Income Fund
.85%
MML Income & Growth Fund
.70%
MML Growth & Income Fund
.52%
MML Blue Chip Growth Fund
.85%
MML Large Cap Growth Fund
.73%
MML Concentrated Growth Fund
Class I shares .76%
Class II shares .66%
MML Mid Cap Value Fund
.93%
MML Mid Cap Growth Fund
.85%
MML Small Cap Value Fund
.88%
MML Small Cap Index Fund
.45%
MML Global Fund
Class I shares .71%
Class II shares .61%
MML Foreign Fund
1.02%
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 1st day of May, 2006.
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||
| By: |
/s/ Xxxx Xxxxxxx | |
| Xxxx Xxxxxxx, Vice President | ||
| MML SERIES INVESTMENT FUND on behalf of MML ASSET ALLOCATION FUND, MML EQUITY INCOME FUND, MML INCOME & GROWTH FUND, MML GROWTH & INCOME FUND, MML BLUE CHIP GROWTH FUND, MML LARGE CAP GROWTH FUND, MML CONCENTRATED GROWTH FUND, MML MID CAP VALUE FUND, MML MID CAP GROWTH FUND, MML SMALL CAP VALUE FUND, MML SMALL CAP INDEX FUND, MML GLOBAL FUND AND MML FOREIGN FUND | ||
| By: |
/s/ Xxxxx X. Xxxxxxx | |
| Xxxxx X. Xxxxxxx, CFO and Treasurer | ||
