Page 130 - DeferredComp-Feb2018

Disclosures

Past performance in no guarantee of future results. The information contained in this doc
management team. This material is provided for informational purposes only and is not in
investment action. The views contained herein are as of October 16, 2017 and may hav

Risk Disclosures for Certain Asset Categories – Please note that your plan may not offer al
• Risks of investing in bond and debt securities investments include the risk that a bond

risk) and/or the risk that the value of these securities will decline when interest rates in
• Risks of investing in inflation-protected bond investments include credit risk and intere

government.
• High-yield bond investments are generally subject to greater market fluctuations and
• Investments that track a benchmark index are professionally managed. However, th

cannot be purchased directly for investment.
• Investments in value stocks may remain undervalued for extended periods of time, a
• Investments in growth stocks may experience price volatility due to their sensitivity to
• Investments in companies with small or mid market capitalization (“small caps” or “m

limited financial resources, and less liquid stocks, all of which may cause price volatil
• International/global investing can involve special risks, such as political changes and

trading restrictions may apply. Please see the investment’s prospectus for more deta
• A significant percentage of the underlying investments in aggressive asset allocation

consider their risk tolerance carefully before choosing such a strategy.
• An investment with multiple underlying investments may be subject to the expenses o
• Investments may reside in the specialty category due to 1) allowable investment flex

concentration in a limited group of securities or industry sectors. Investments in this ca

and may be appropriate as only a minor component in an investor's overall portfolio
• Participants with a large ownership interest in a company or employer stock investme

through their trading practices. As a result, special transfer restrictions may apply. This

investment options under the plan because it invests in the securities of a single com
• Investments that invest more of their assets in a single issuer or industry sector (such a

fluctuations, because of the increased concentration of investments.
• A participant will be prohibited from transferring into most mutual funds and similar in

previous 60 days. Certain stable value, guaranteed interest, fixed income and other

transferring out of any investment at any time.

Please consider an investment option’s objectives, risks, fees and expenses carefully bef
or summary prospectuses, if any, or investment profiles (fact sheets) for the investment op
website at www.retiresmart.com (login required), or by contacting our Participant Informa
Friday. Please read them carefully before investing.

© 2017 Massachusetts Mutual Life Insurance Company(MassMutual), Springfield, MA. All

(MMLD) Member FINRA and SIPC (www.FINRA.org and www.SIPC.org) MMLD is a subsidia

Enfield, CT 06082. Investment advisory services provided to the Funds by MML Investmen

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