Page 134 - DeferredComp-Feb2018

Disclosures

The net expense ratio includes any investment expense waiver arrangements documented
due to the indicated expense waivers, which may be subject to expiration. Additional inf
included in this document, if available, including whether the waiver is contractual or vo
expense waivers is current and complete as of the date of this report. If information rega
unable to make the information available. For more information, please see the investme
available from MassMutual. Contact your MassMutual professional or call 1-888-309-35
This information is provided for plan sponsor use in meeting fiduciary obligations. It is n
literature. This document provides important explanatory notes for the performance sum
Performance shown is historical and does not guarantee future results. Current per
time periods, including since inception performance, is available in the investment p
Investment return and principal values fluctuate. There are no assurances investme
than the amount invested.
Average total annual returns show the change in the value of an investment expressed as
capital gains distributions. Performance is shown net of investment expenses.
Specific details about the performance, and Morningstar RatingsTM for each investment o
option includes a reference to a benchmark index. Details on the indices and how Mornin
Analysis report notes.
Investors should consider an investment's objectives, risks, fees and expenses carefu
investment profile or prospectus, available by clicking on the investment name. Rea
3 Year Risk is the annualized standard deviation of the last 36 monthly returns. Risk mea
percentage shown) means greater risk or volatility.

For Advisor and Plan Sponsor use only. Not for use with Plan Participants.