EXPENSE LIMITATION AGREEMENT
Exhibit (h)(11)
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 April, 2014.
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 Diversified Bond Fund, MassMutual Premier High Yield Fund, MassMutual Premier Balanced Fund, MassMutual Barings Dynamic Allocation Fund, MassMutual Premier Value Fund, MassMutual Premier Capital Appreciation 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 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 January 31, 2016 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 Diversified Bond Fund
| Expense Cap | ||||
| Class I shares |
0.52 | % | ||
| Class R5 shares |
0.62 | % | ||
| Service Class shares |
0.72 | % | ||
| Administrative Class shares |
0.82 | % | ||
| Class A shares |
1.07 | % | ||
| Class R4 shares |
0.97 | % | ||
| Class R3 shares |
1.22 | % | ||
MassMutual Premier High Yield Fund
| Expense Cap | ||||
| Class I shares |
0.55 | % | ||
| Class R5 shares |
0.65 | % | ||
| Service Class shares |
0.75 | % | ||
| Administrative Class Shares |
0.85 | % | ||
| Class A Shares |
1.10 | % | ||
| Class R4 Shares |
1.00 | % | ||
| Class R3 Shares |
1.25 | % | ||
MassMutual Premier Balanced Fund
| Expense Cap | ||||
| Class I shares |
0.60 | % | ||
| Class R5 shares |
0.70 | % | ||
| Service Class shares |
0.80 | % | ||
| Administrative Class Shares |
0.90 | % | ||
| Class A Shares |
1.15 | % | ||
| Class R4 Shares |
1.05 | % | ||
| Class R3 Shares |
1.30 | % | ||
MassMutual Barings Dynamic Allocation Fund
| Expense Cap | ||||
| Class I shares |
1.20 | % | ||
| Class R5 shares |
1.30 | % | ||
| Service Class shares |
1.40 | % | ||
| Administrative Class Shares |
1.50 | % | ||
| Class A Shares |
1.75 | % | ||
| Class R4 Shares |
1.65 | % | ||
| Class R3 Shares |
1.90 | % | ||
MassMutual Premier Value Fund
| Expense Cap | ||||
| Class I shares |
0.60 | % | ||
| Class R5 shares |
0.70 | % | ||
| Service Class shares |
0.80 | % | ||
| Administrative Class Shares |
0.90 | % | ||
| Class A Shares |
1.15 | % | ||
| Class R4 Shares |
1.05 | % | ||
| Class R3 Shares |
1.30 | % | ||
MassMutual Premier Capital Appreciation Fund
| Expense Cap | ||||
| Class R5 shares |
0.75 | % | ||
| Service Class shares |
0.85 | % | ||
| Administrative Class Shares |
0.95 | % | ||
| Class A Shares |
1.20 | % | ||
| Class R3 Shares |
1.35 | % | ||
MassMutual Premier Focused International Fund
| Expense Cap | ||||
| Class I shares |
0.95 | % | ||
| Class R5 shares |
1.05 | % | ||
| Service Class shares |
1.15 | % | ||
| Administrative Class Shares |
1.25 | % | ||
| Class A Shares |
1.50 | % | ||
| Class R4 Shares |
1.40 | % | ||
| Class R3 Shares |
1.65 | % | ||
MassMutual Premier Strategic Emerging Markets Fund
| Expense Cap | ||||
| Class I shares |
1.05 | % | ||
| Class R5 shares |
1.15 | % | ||
| Service Class shares |
1.25 | % | ||
| Administrative Class Shares |
1.35 | % | ||
| Class A Shares |
1.60 | % | ||
| Class R4 Shares |
1.50 | % | ||
| Class R3 Shares |
1.75 | % | ||
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 1st day of April, 2014.
| MML INVESTMENT ADVISERS, LLC | ||
| By: | /s/ Xxxx Xxxxxxx | |
| Xxxx Xxxxxxx, President | ||
| MASSMUTUAL PREMIER FUNDS on behalf of each of the Funds | ||
| By: | /s/ Xxxxxxxx Xxxxxxxxx | |
| Xxxxxxxx Xxxxxxxxx, CFO and Treasurer | ||
