EXPENSE LIMITATION AGREEMENT
Exhibit H(47)
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 August, 2020.
NOW THEREFORE, the Trust and the Manager hereby agree as follows:
1. | Expense Limitation |
The Manager agrees to cap the fees and expenses of each 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, 2022 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 Select X. Xxxx Price Retirement Balanced Fund
Expense Cap | |
Class I shares | 0.33% |
Class M5 shares | 0.48% |
Class M4 shares | 0.73% |
Class M3 shares | 0.98% |
MassMutual Select X. Xxxx Price Retirement 2005 Fund
Expense Cap | |
Class I shares | 0.35% |
Class M5 shares | 0.50% |
Class M4 shares | 0.75% |
Class M3 shares | 1.00% |
MassMutual Select X. Xxxx Price Retirement 2010 Fund
Expense Cap | |
Class I shares | 0.35% |
Class M5 shares | 0.50% |
Class M4 shares | 0.75% |
Class M3 shares | 1.00% |
MassMutual Select X. Xxxx Price Retirement 2015 Fund
Expense Cap | |
Class I shares | 0.39% |
Class M5 shares | 0.54% |
Class M4 shares | 0.79% |
Class M3 shares | 1.04% |
MassMutual Select X. Xxxx Price Retirement 2020 Fund
Expense Cap | |
Class I shares | 0.41% |
Class M5 shares | 0.56% |
Class M4 shares | 0.81% |
Class M3 shares | 1.06% |
MassMutual Select X. Xxxx Price Retirement 2025 Fund
Expense Cap | |
Class I shares | 0.45% |
Class M5 shares | 0.60% |
Class M4 shares | 0.85% |
Class M3 shares | 1.10% |
MassMutual Select X. Xxxx Price Retirement 2030 Fund
Expense Cap | |
Class I shares | 0.48% |
Class M5 shares | 0.63% |
Class M4 shares | 0.88% |
Class M3 shares | 1.13% |
MassMutual Select X. Xxxx Price Retirement 2035 Fund
Expense Cap | |
Class I shares | 0.49% |
Class M5 shares | 0.66% |
Class M4 shares | 0.91% |
Class M3 shares | 1.16% |
MassMutual Select X. Xxxx Price Retirement 2040 Fund
Expense Cap | |
Class I shares | 0.50% |
Class M5 shares | 0.68% |
Class M4 shares | 0.93% |
Class M3 shares | 1.18% |
MassMutual Select X. Xxxx Price Retirement 2045 Fund
Expense Cap | |
Class I shares | 0.50% |
Class M5 shares | 0.70% |
Class M4 shares | 0.95% |
Class M3 shares | 1.20% |
MassMutual Select X. Xxxx Price Retirement 2050 Fund
Expense Cap | |
Class I shares | 0.51% |
Class M5 shares | 0.70% |
Class M4 shares | 0.95% |
Class M3 shares | 1.20% |
MassMutual Select X. Xxxx Price Retirement 2055 Fund
Expense Cap | |
Class I shares | 0.51% |
Class M5 shares | 0.70% |
Class M4 shares | 0.95% |
Class M3 shares | 1.20% |
MassMutual Select X. Xxxx Price Retirement 2060 Fund
Expense Cap | |
Class I shares | 0.51% |
Class M5 shares | 0.70% |
Class M4 shares | 0.95% |
Class M3 shares | 1.20% |
2. | Expense Limitation |
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, 2022 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 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 Fund
Expense Cap | |
Class I shares | 0.00% |
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
MML INVESTMENT ADVISERS, LLC | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Xxxxxxx Xxxxxx, Vice President | ||
on behalf of each of the Funds | ||
By: | /s/ Xxxxx Xxxxxxxxx | |
Xxxxx Xxxxxxxxx, CFO and Treasurer |