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cument represents the views of the MassMutual RetireSMART℠ Funds portfolio
ntended to be investment advice or a recommendation to take any particular

ve changed since that time.

ll of the investment types discussed below.
d issuer will default by failing to repay principal and interest in a timely manner (credit
ncrease (interest rate risk).
est rate risk. Neither the bond investment nor its yield is guaranteed by the U.S.

d risk of loss of income and principal than lower-yielding debt securities investments.
he benchmark index itself is unmanaged and does not incur fees or expenses and

and the market may not recognize the intrinsic value of these securities.
market fluctuations and dependence on future earnings expectations.

mid caps”) may be subject to special risks given their characteristic narrow markets,
ity.
d currency fluctuations. These risks are heightened in emerging market equities. Other

ails.
n portfolio investments have a higher than average risk exposure. Investors should

of those underlying investments in addition to those of the investment itself.
xibility that precludes classification in standard asset categories and/or 2) investment
ategory may be more volatile than less-flexible and/or less-concentrated investments
o.
ent may have the potential to manipulate the value of units of this investment option
s type of investment option presents a higher degree of risk than diversified
mpany.
as company stock or sector investments) involve additional risks, including unit price

nvestments if they have transferred into and out of the same investment within the
investments are not subject to this rule. This rule does not prohibit participants from

fore investing. This and other information can be found in the applicable prospectuses
ptions listed, which are available from your plan sponsor, on the plan participant
ation Center at 1-800-743-5274 between 8:00 a.m. and 9:00 p.m. ET, Monday through

rights reserved. www.massmutual.com Principal Underwriter: MML Distributors, LLC.
ary of Massachusetts Mutual Life Insurance Company, 100 Bright Meadow Blvd.,
nt Advisers, LLC.
-41566-03

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