EXPENSE LIMITATION AGREEMENT
Exhibit H(32)
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between MML Investment Advisers, LLC, a Delaware limited liability company (the “Manager”), and MassMutual Select Funds, a Massachusetts business trust (the “Trust”), effective as of the 24th day of November, 2017.
WHEREAS, the Trust is an open-end diversified management investment company registered as such with the Securities and Exchange Commission (the “SEC”) pursuant to the Investment Company Act of 1940, as amended;
WHEREAS, MassMutual Select Large Cap Value Fund (the “Fund”) is a series of the Trust;
WHEREAS, the Manager is an investment adviser registered with the SEC 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 Fund 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 the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses) through January 31, 2019 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 Fund and the Manager. | ||||
MassMutual Select Large Cap Value Fund | ||||
Expense Cap | ||||
Class I shares | 0.63% | |||
Class R5 shares | 0.73% | |||
Service Class shares | 0.83% | |||
Administrative Class shares | 0.93% | |||
Class A shares | 1.18% | |||
Class R4 shares | 1.08% | |||
Class R3 shares | 1.33% |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 24th day of November, 2017.
MML INVESTMENT ADVISERS, LLC | ||
By: | /s/ Xxxx Xxxxxx | |
Xxxx Xxxxxx, Vice President |
MASSMUTUAL SELECT FUNDS | ||
on behalf of each of the Funds | ||
By: | /s/ Xxxxx Xxxxxxxxx | |
Xxxxx Xxxxxxxxx, CFO and Treasurer |