September 14, 2017
MML Investment Advisers, LLC
000 Xxxxxx Xxxxxx Xxxx., X000
Xxxxxxx, XX 00000
Attention: Xxxx Xxxxxx, Vice President
Dear Xxxx:
This letter is intended to confirm the agreement by
and among OppenheimerFunds, Inc. (the "Sub-
Adviser"), MML Investment Advisers, LLC
("MML Advisers") and each of the funds listed on
Exhibit A, attached hereto (each, a "Fund" and
collectively, the "Funds"), regarding the Sub-
Adviser's provision of foreign exchange execution
as described herein and which are further and in
addition to those services described in each Fund's
Investment Sub-Advisory Agreement (each, an
"Agreement" and collectively the "Agreements") by
and among MML Advisers, a Fund and the Sub-
Advisor for which MML Advisers hired the Sub-
Advisor to provide investment sub-advisory
services to such Fund.
This letter serves to confirm the mutual
understanding of MML Advisers, the Funds and the
Sub-Advisor that with respect to Forex Trading
Services, as those services are defined below:
1. The Sub-Adviser has been appointed by
MML Advisers and each Fund as investment
sub-adviser with the authority to buy, sell or
otherwise effect investment transactions for
and in the name of each Fund, subject to the
direction and control of each Fund's Board
of Trustees and MML Advisers. With
respect to those securities or other
instruments denominated in a foreign
currency that the Sub-Adviser has purchased
for the Funds, as applicable, MML Advisers
and each Fund authorize and direct the Sub-
Adviser to make determinations as to the
retention and disposition of foreign
currencies when purchasing or selling such
securities or instruments and executing
transactions related thereto on behalf of
MML Advisers and/or each Fund including
entering into related agreements and
establishing related trading accounts (such
services shall be referred to herein as "Forex
Trading Services").
2. In connection with the Forex Trading
Services, the Sub-Adviser shall utilize an
electronic trading platform to facilitate the
Forex Trading Services on behalf of MML
Advisers and/or each Fund with such
counterparties from time to time.
3. Details regarding the Forex Trading
Services shall be included in custodial
reports currently furnished by each Fund's
custodian. No additional reporting by the
Sub-Adviser shall be required in connection
with such Forex Trading Services.
4. MML Advisers and the Funds will not pay
any additional fees to the Sub-Adviser for
the Forex Trading Services.
5. MML Advisers and each Fund understand
that the Sub-Adviser may change or
discontinue to offer the Forex Trading
Services at any time and the Sub-Adviser
will provide 30 days advance notice of any
change or discontinuation to the services.
If the foregoing is consistent with your
understanding of the subject matter of this letter,
please execute two copies of this letter and return
one executed copy to the Sub-Adviser.
OPPENHEIMERFUNDS, INC.
By:
/s/
Xxxxx Xxxxx,
Signature
Xxxxx Xxxxx, Senior Vice President,
OppenheimerFunds Distributor, Inc. by
delegated authority
Acknowledged and agreed to as of the date first
written above:
MML INVESTMENT ADVISERS, LLC
By: /s/ Xxxx X. Xxxxxx
Signature
Xxxx Xxxxxx, Vice President
EACH FUND LISTED ON EXHIBIT A
ATTACHED HERETO
By: /s/ Xxxx X. Xxxxxx
Signature
Xxxx Xxxxxx, Vice President
EXHIBIT A
LIST OF FUNDS
1. MassMutual Premier Global Fund
2. MML Strategic Emerging Markets Equity
Fund
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