Form of EXPENSE LIMITATION AGREEMENT
Exhibit (h)(16)
Form of
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts life insurance company (the “Manager”), and MassMutual Premier Funds, a Massachusetts business trust (the “Trust”), effective as of the [ ] day of [ ], 2012.
WHEREAS, the Trust is an open-end 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 Short-Duration Bond Fund, MassMutual Premier Inflation-Protected and Income Fund, MassMutual Core Bond Fund, MassMutual Diversified Bond Fund, MassMutual Premier High Yield Fund, MassMutual Premier International Bond Fund, MassMutual Premier Balanced Fund, MassMutual Premier Main Street Fund, MassMutual Premier Capital Appreciation Fund, MassMutual Premier Discovery Value Fund, MassMutual Premier Main Street Small/Mid Cap Fund, MassMutual Premier Small/Mid Cap Opportunities Fund, MassMutual Premier Global Fund, MassMutual Premier Focused International 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 (i) waive management fees or other expenses of the Funds and (ii) cap the fees and expenses of the Funds (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, for example, organizational expenses and shareholder meeting expenses) through February 28, 2013 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
Other Expense Fee Waiver | ||||
Class A shares |
0.22 | % |
MassMutual Premier Short-Duration Bond Fund
Management Fee Waiver | ||||
Class Z shares |
0.14 | % | ||
Class S shares |
0.14 | % | ||
Class Y shares |
0.14 | % | ||
Class L Shares |
0.14 | % | ||
Class A Shares |
0.14 | % |
Class N Shares |
0.14 | % |
MassMutual Premier Inflation-Protected and Income Fund
Management Fee Waiver | ||||
Class Z shares |
0.13 | % | ||
Class S shares |
0.13 | % | ||
Class Y shares |
0.13 | % | ||
Class L shares |
0.13 | % | ||
Class A shares |
0.13 | % | ||
Class N shares |
0.13 | % |
MassMutual Premier Core Bond Fund
Management Fee Waiver | ||||
Class Z shares |
0.18 | % | ||
Class S shares |
0.18 | % | ||
Class Y shares |
0.18 | % | ||
Class L shares |
0.18 | % | ||
Class A shares |
0.18 | % | ||
Class N shares |
0.18 | % |
MassMutual Premier Diversified Bond Fund
Management Fee Waiver | ||||
Class Z shares |
0.17 | % | ||
Class S shares |
0.17 | % | ||
Class Y shares |
0.17 | % | ||
Class L shares |
0.17 | % | ||
Class A shares |
0.17 | % | ||
Class N shares |
0.17 | % |
MassMutual Premier High Yield Fund
Management Fee Waiver | ||||
Class Z shares |
0.10 | % | ||
Class S shares |
0.10 | % | ||
Class Y shares |
0.10 | % | ||
Class L Shares |
0.10 | % | ||
Class A Shares |
0.10 | % | ||
Class N Shares |
0.10 | % |
MassMutual Premier International Bond Fund
Expense Cap | ||||
Class S shares |
0.75 | % | ||
Class Y shares |
0.80 | % | ||
Class L shares |
0.95 | % | ||
Class A shares |
1.20 | % |
MassMutual Premier Balanced Fund
Other Expense Fee Waiver | ||||
Class S shares |
0.02 | % | ||
Class Y shares |
0.02 | % | ||
Class L shares |
0.02 | % | ||
Class A shares |
0.02 | % |
MassMutual Premier Main Street Fund
Expense Cap | ||||
Class S shares |
0.71 | % | ||
Class Y shares |
0.76 | % | ||
Class L shares |
0.91 | % | ||
Class A shares |
1.16 | % | ||
Class N shares |
1.46 | % |
MassMutual Premier Capital Appreciation Fund
Expense Cap | ||||
Class S shares |
0.71 | % | ||
Class Y shares |
0.82 | % | ||
Class L shares |
0.97 | % | ||
Class A shares |
1.09 | % | ||
Class N shares |
1.46 | % |
MassMutual Premier Discovery Value Fund
Expense Cap | ||||
Class S shares |
0.93 | % | ||
Class Y shares |
1.00 | % | ||
Class L shares |
1.15 | % | ||
Class A shares |
1.40 | % | ||
Class N shares |
1.70 | % |
MassMutual Premier Main Street Small/Mid Cap Fund
Expense Cap | ||||
Class S shares |
0.69 | % | ||
Class Y shares |
0.79 | % | ||
Class L shares |
0.89 | % | ||
Class A shares |
1.14 | % |
Class N shares |
1.49 | % |
MassMutual Premier Small/Mid Cap Opportunities Fund
Expense Cap | ||||
Class S shares |
0.69 | % | ||
Class Y shares |
0.79 | % | ||
Class L shares |
0.89 | % | ||
Class A shares |
1.14 | % |
MassMutual Premier Global Fund
Expense Cap | ||||
Class S shares |
0.89 | % | ||
Class Y shares |
1.03 | % | ||
Class L shares |
1.14 | % | ||
Class A shares |
1.43 | % | ||
Class N shares |
1.52 | % |
MassMutual Premier Focused International Fund
Management Fee Waiver | ||||
Class Z shares |
0.10 | % | ||
Class S shares |
0.10 | % | ||
Class Y shares |
0.10 | % | ||
Class L shares |
0.10 | % | ||
Class A shares |
0.10 | % | ||
Class N shares |
0.10 | % |
MassMutual Premier Strategic Emerging Markets Fund
Management Fee Waiver | Expense Cap | |||||||
Class Z shares |
0.15 | % | 0.99 | % | ||||
Class S shares |
0.15 | % | 1.15 | % | ||||
Class Y shares |
0.15 | % | 1.25 | % | ||||
Class L shares |
0.15 | % | 1.40 | % | ||||
Class A shares |
0.15 | % | 1.65 | % |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the [ ] day of [ ], 2012.
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||
By: | ||
Xxxx Xxxxxxx, Senior Vice President | ||
MASSMUTUAL PREMIER FUNDS on behalf
of | ||
By: | ||
Xxxxxxxx Xxxxxxxxx, CFO and Treasurer |