FORM OF EXPENSE LIMITATION AGREEMENT
Exhibit (h)(37)
FORM OF
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between MML Investment Advisers, LLC, a Delaware limited liability company (the “Manager”), and MassMutual Premier Funds, a Massachusetts business trust (the “Trust”), effective as of the 1st day of February, 2021.
WHEREAS, the Trust is an open-end 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 Premier International Equity 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 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 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 and this agreement can only be terminated by mutual consent of the Board of Trustees of the Trust on behalf of a Fund and the Manager:
1. Expense Limitation
The Manager agrees to
(i) | waive 0.02% of the management fees of the MassMutual Premier International Equity Fund through January 31, 2022; |
(ii) | cap the fees and expenses of the MassMutual Premier Strategic Emerging Markets Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2022, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 1.15%, 1.25%, 1.35%, 1.45%, 1.70%, 1.60%, and 1.85% for Class I, Class R5, Service Class, Administrative Class, Class A, Class R4, and Class R3 shares, respectively. |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 31st day of January, 2021.
MML INVESTMENT ADVISERS, LLC | ||
By: |
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Xxxxxxx Xxxxxx, Vice President | ||
MASSMUTUAL PREMIER FUNDS on behalf of each of the Funds | ||
By: |
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Xxxxx Xxxxxxxxx, CFO and Treasurer |