FORM OF EXPENSE LIMITATION AGREEMENT
Exhibit H(46)
FORM OF
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 1st day of February, 2022.
(i) | The Manager agrees to waive 0.03% of the management fees of the MassMutual Total Return Bond Fund through January 31, 2023. |
(ii) | The Manager agrees to waive 0.02% of the management fees of the MassMutual Growth Opportunities Fund through January 31, 2023. |
(iii) | The Manager agrees to cap the fees and expenses of each 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, 2023 at the following amounts: |
MassMutual Select BlackRock Global Allocation Fund
Expense Cap | ||
Class I shares | 0.79% | |
Class R5 shares | 0.89% | |
Service Class shares | 0.99% | |
Administrative Class shares | 1.09% | |
Class A shares | 1.34% | |
Class R4 shares | 1.24% | |
Class R3 shares | 1.49% |
MassMutual Overseas Fund
Expense Cap | ||
Class I shares | 0.79% | |
Class R5 shares | 0.89% | |
Service Class shares | 0.99% | |
Administrative Class shares | 1.09% | |
Class A shares | 1.34% | |
Class R4 shares | 1.24% | |
Class R3 shares | 1.49% |
MassMutual 20/80 Allocation Fund
Expense Cap | ||
Class I shares | 0.04% | |
Class R5 shares | 0.14% | |
Service Class shares | 0.24% | |
Administrative Class shares | 0.34% | |
Class A shares | 0.59% | |
Class R4 shares | 0.49% | |
Class R3 shares | 0.74% |
MassMutual 40/60 Allocation Fund
Expense Cap | ||
Class I shares | 0.06% | |
Class R5 shares | 0.16% | |
Service Class shares | 0.26% | |
Administrative Class shares | 0.36% | |
Class A shares | 0.61% | |
Class R4 shares | 0.51% | |
Class R3 shares | 0.76% |
MassMutual 60/40 Allocation Fund
Expense Cap | ||
Class I shares | 0.06% | |
Class R5 shares | 0.16% | |
Service Class shares | 0.26% | |
Administrative Class shares | 0.36% | |
Class A shares | 0.61% | |
Class R4 shares | 0.51% | |
Class R3 shares | 0.76% |
MassMutual 80/20 Allocation Fund
Expense Cap | ||
Class I shares | 0.09% | |
Class R5 shares | 0.19% | |
Service Class shares | 0.29% | |
Administrative Class shares | 0.39% | |
Class A shares | 0.64% | |
Class R4 shares | 0.54% | |
Class R3 shares | 0.79% |
MassMutual RetireSMART by JPMorgan In Retirement Fund
Expense Cap | ||
Class I shares | 0.06% | |
Class R5 shares | 0.16% | |
Service Class shares | 0.26% | |
Administrative Class shares | 0.36% | |
Class A shares | 0.61% | |
Class R4 shares | 0.51% | |
Class R3 shares | 0.76% |
MassMutual RetireSMART by JPMorgan 2020 Fund
Expense Cap | ||
Class I shares | 0.04% | |
Class R5 shares | 0.14% | |
Service Class shares | 0.24% | |
Administrative Class shares | 0.34% | |
Class A shares | 0.59% | |
Class R4 shares | 0.49% | |
Class R3 shares | 0.74% |
MassMutual RetireSMART by JPMorgan 2025 Fund
Expense Cap | ||
Class I shares | 0.01% | |
Class R5 shares | 0.11% | |
Service Class shares | 0.21% | |
Administrative Class shares | 0.31% | |
Class A shares | 0.56% | |
Class R4 shares | 0.46% | |
Class R3 shares | 0.71% |
MassMutual RetireSMART by JPMorgan 2030 Fund
Expense Cap | ||
Class I shares | 0.04% | |
Class R5 shares | 0.14% | |
Service Class shares | 0.24% | |
Administrative Class shares | 0.34% | |
Class A shares | 0.59% | |
Class R4 shares | 0.49% | |
Class R3 shares | 0.74% |
MassMutual RetireSMART by JPMorgan 2035 Fund
Expense Cap | ||
Class I shares | 0.05% | |
Class R5 shares | 0.15% | |
Service Class shares | 0.25% | |
Administrative Class shares | 0.35% | |
Class A shares | 0.60% | |
Class R4 shares | 0.50% | |
Class R3 shares | 0.75% |
MassMutual RetireSMART by JPMorgan 2040 Fund
Expense Cap | ||
Class I shares | 0.04% | |
Class R5 shares | 0.14% | |
Service Class shares | 0.24% | |
Administrative Class shares | 0.34% | |
Class A shares | 0.59% | |
Class R4 shares | 0.49% | |
Class R3 shares | 0.74% |
MassMutual RetireSMART 2045 Fund
Expense Cap | ||
Class I shares | 0.02% | |
Class R5 shares | 0.12% | |
Service Class shares | 0.22% | |
Administrative Class shares | 0.32% | |
Class A shares | 0.57% | |
Class R4 shares | 0.47% | |
Class R3 shares | 0.72% |
MassMutual RetireSMART 2050 Fund
Expense Cap | ||
Class I shares | 0.02% | |
Class R5 shares | 0.12% | |
Service Class shares | 0.22% | |
Administrative Class shares | 0.32% | |
Class A shares | 0.57% | |
Class R4 shares | 0.47% | |
Class R3 shares | 0.72% |
MassMutual RetireSMART 2055 Fund
Expense Cap | ||
Class I shares | 0.00% | |
Class R5 shares | 0.10% | |
Service Class shares | 0.20% | |
Administrative Class shares | 0.30% | |
Class A shares | 0.55% | |
Class R4 shares | 0.45% | |
Class R3 shares | 0.70% |
MassMutual RetireSMART by JPMorgan 2060 Fund
Expense Cap | ||
Class I shares | 0.00% | |
Class R5 shares | 0.10% | |
Service Class shares | 0.20% | |
Administrative Class shares | 0.30% | |
Class A shares | 0.55% | |
Class R4 shares | 0.45% | |
Class R3 shares | 0.70% |
MassMutual Select X. Xxxx Price Bond Asset Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price Emerging Markets Bond Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price International Equity Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price Large Cap Blend Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price Limited Duration Inflation Focused Bond Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price Real Assets Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price Small and Mid Cap Blend Fund
Expense Cap | ||
Class I shares | 0.00% |
MassMutual Select X. Xxxx Price U.S. Treasury Long-Term Index Fund
Expense Cap | ||
Class I shares | 0.00% |
(iv) | The Manager agrees to cap the fees and expenses of the Fund (other than extraordinary legal and other 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, 2023 at the following amounts: |
MassMutual Select X. Xxxx Price Retirement Balanced Fund
Expense Cap | ||
Class I shares | 0.34% | |
Class M5 shares | 0.49% | |
Class M4 shares | 0.74% | |
Class M3 shares | 0.99% |
MML INVESTMENT ADVISERS, LLC | |||
By: | |||
Xxxxxxx Xxxxxx, Vice President | |||
on behalf of each of the Funds |
|||
By: | |||
Xxxxx Xxxxxxxxx, CFO and Treasurer |