EXPENSE LIMITATION AGREEMENT
Exhibit H(42)
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 31st day of March, 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 Select Mid-Cap Value Fund (the “Fund”) is 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;
WHEREAS, the Trust has appointed the Manager as its investment manager for the Fund and the Manager has agreed to act in such capacity upon the terms set forth in the Investment Management Agreement; and
WHEREAS, upon mutual consent of the Board of Trustees of the Trust on behalf of the Fund and the Manager, this Agreement supersedes and replaces, with respect to this Fund only, the Expense Limitation Agreement dated February 1, 2021;
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 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. 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 Mid-Cap Value Fund
Expense Cap | ||||
Class I shares | 0.61 | % | ||
Class R5 shares | 0.71 | % | ||
Service Class shares | 0.81 | % | ||
Administrative Class shares | 0.91 | % | ||
Class A shares | 1.16 | % | ||
Class R4 shares | 1.06 | % | ||
Class R3 shares | 1.31 | % |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 31st day of March, 2021.
MML INVESTMENT ADVISERS, LLC | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Xxxxxxx Xxxxxx, Vice President | ||
MASSMUTUAL SELECT FUNDS | ||
on behalf of the Fund | ||
By: | /s/ Xxxxx Xxxxxxxxx | |
Xxxxx Xxxxxxxxx, CFO and Treasurer |