Page 48 - DeferredComp-Feb2018

The MassMutual Inv

Performance as

Notwithstanding some of the terms used in these materials (e.g., plan sponsor or employer), these materials a
MassMutual’s understanding that (a) the independent fiduciary has under management or control total assets o
CFR section 2510.3-21(c)(1) ), (b) the independent fiduciary is responsible for exercising independent judgmen
capable of evaluating investment risks independently, both in general and with regard to particular transaction
of the independent fiduciary’s role and qualifications is correct. MassMutual is not undertaking to provide impar
other transaction of, the plan. MassMutual and its affiliates have a financial interest in any investment made by
shareholder servicing fees, revenue sharing, investment advisory fees, administrative fees, asset charges, float
will provide the plan with a complete description of all such fees prior to any investment by the plan and upon

The performance data given represents past performance and should not be considered indicative
herein. For more current information, including month-end performance, please visit www.massm
fluctuate, so an investor's shares/units when redeemed may be worth more or less than the origi
investment objectives will be achieved.

Investors should carefully consider investment objectives, risks, charges and expenses. This and
prospectuses, which can be obtained by calling 1-888-309-3539 and should be read carefully bef

Investment results assume all investment distributions are reinvested and reflect applicable fees and expenses
the results would have been lower. Maximum sales charge for investments, including Class A shares,
accounts.

Morningstar RatingTM Details - For each investment with at least a three-year history, Morningst
Adjusted Return measure against other investments in the category. This measure takes into accoun
A shares),redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewardi
receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 st
the three-, five- and ten-year (if applicable) time periods. Load-waived A share star ratings do not include any
participants in MassMutual-serviced retirement plans. The Overall Morningstar Rating for an investment option
Load-waived A share star ratings do not include any front-end sales load and are intended for those investors w

Retail Money Market and Government Money Market Investments - You could lose money by investin
cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily sus
conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insu
financial support to the fund, and you should not expect that the sponsor will provide financial support to the f

Target Date Funds - Generally target retirement date (lifecycle) investment options are designed to be held
retirement. The year in the investment option name refers to the approximate year an investor in the option w
investors may choose a date other than their presumed retirement date to be more conservative or aggressive

Target retirement date (lifecycle) investment options are designed for participants who plan to w
its own asset allocation path (“glide path”) to progressively reduce its equity exposure and becom
until after their target date. Others may reach their most conservative allocation in their target d
financial situation.

These options should not be selected solely on a single factor such as age or retirement date. Please consult th
long-term financial plan. Target retirement date investment options’ stated asset allocation may be subject to c
including losses near, at, or after the target date. Additionally, there is no guarantee that the opt