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, 2010.
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 Inflation-Protected and Income Fund, MassMutual Premier Core Bond Fund, MassMutual Premier Diversified Bond Fund, MassMutual Premier International Bond Fund, MassMutual Premier Balanced Fund, MassMutual Premier Enhanced Index Core Equity Fund, MassMutual Premier Main Street Fund, MassMutual Premier Capital Appreciation Fund, MassMutual Premier Discovery Value Fund, MassMutual Premier Main Street Small Cap Fund, MassMutual Premier Small Company Opportunities Fund, MassMutual Premier Global Fund and MassMutual Premier Strategic Emerging Markets 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 waive expenses or to cap the fees and expenses of the Funds (other than extraordinary litigation and legal expenses, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses), excluding Acquired Fund fees and expenses, through February 28, 2011 at the following amounts. This agreement can only be terminated by mutual consent of the Board of Trustees of the Trust on behalf of the Funds and the Manager.
MassMutual Premier Money Market Fund |
Waiver | ||
Class N shares |
0.22 | % | |
Class A shares |
0.22 | % | |
MassMutual Premier Short-Duration Bond Fund |
Waiver | ||
Class N shares |
0.07 | % | |
Class A shares |
0.07 | % | |
Class L shares |
0.07 | % |
MassMutual Premier Inflation-Protected and Income Fund |
Waiver | ||
Class N shares |
0.10 | % | |
Class A shares |
0.10 | % | |
MassMutual Premier Core Bond Fund |
Waiver | ||
Class N shares |
0.08 | % | |
Class A shares |
0.08 | % | |
Class L shares |
0.08 | % | |
MassMutual Premier Diversified Bond Fund |
Waiver | ||
Class N shares |
0.15 | % | |
Class A shares |
0.15 | % | |
Class L shares |
0.15 | % | |
MassMutual Premier International Bond 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 Balanced Fund |
Waiver | ||
Class N shares |
0.02 | % | |
Class A shares |
0.02 | % | |
Class L shares |
0.02 | % | |
Class Y shares |
0.02 | % | |
Class S shares |
0.02 | % | |
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 |
1.46 | % | |
Class A shares |
1.16 | % | |
Class L shares |
0.91 | % | |
Class Y shares |
0.76 | % | |
Class S shares |
0.71 | % |
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 Discovery Value Fund |
Expense Cap | ||
Class N shares |
1.70 | % | |
Class A shares |
1.40 | % | |
Class L shares |
1.15 | % | |
Class Y shares |
1.00 | % | |
Class S shares |
0.93 | % | |
MassMutual Premier Main Street Small Cap 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 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 Strategic Emerging Markets Fund |
Expense Cap | ||
Class N shares |
1.95 | % | |
Class A shares |
1.65 | % | |
Class L shares |
1.40 | % | |
Class Y shares |
1.25 | % | |
Class S shares |
1.15 | % |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 26th day of February, 2010.
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||
By: | /s/ Xxxx Xxxxxxx | |
Xxxx Xxxxxxx, Senior Vice President | ||
on behalf of each of the Funds | ||
By: | /s/ Xxxxxxxx Xxxxxxxxx | |
Xxxxxxxx Xxxxxxxxx, CFO and Treasurer |