Page 49 - DeferredComp-Feb2018

vestment Program

of 12/31/2017

are directed to and are intended for use by the referenced plan’s independent fiduciary adviser based on
of at least $50 million, or is a broker-dealer, investment adviser, insurance carrier, or bank, as defined in 29
nt in evaluating any transaction between the plan and MassMutual and (c) the independent fiduciary is

ns and investment strategies. Unless you tell us otherwise, MassMutual will assume that our understanding
rtial investment advice, or give advice in a fiduciary capacity, in connection with any investment by, or
y the plan while a client of MassMutual’s and may receive 12(b)(1) fees, sub-transfer agency fees,
t, optional services fees and other fees and revenue as a result of any investment by the plan. MassMutual
request.

e of future results. Current performance may be lower or higher than return data quoted
mutual.com/retire or call 1-877-474-5016. Principal value and investment return will
inal investment. Investment portfolio statistics change over time and there are no assurances

other important information is contained in the fund prospectuses and summary
fore investing.

s. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which
represented is 5.75%. The Maximum sales charge is generally waived for retirement plan

tar calculates a Morningstar Rating™ based on how an investment ranks on a Morningstar Risk-
nt variations in an investment’s monthly performance after adjusting for sales loads (except for load-waived

ing consistent performance. The top 10% of investments in each category receive 5 stars, the next 22.5%
tar. The Overall Morningstar Rating for an investment is derived from a weighted average of the ratings for

front-end sales load and are intended for those investors who have access to such purchase terms, such as
is derived from a weighted average of the ratings for the 3-, 5-, and 10-year (if applicable) time periods.
who have access to such purchase terms, such as participants in MassMutual-serviced retirement plans.

ng in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it
spend your ability to sell shares if the fund’s liquidity falls below required minimums because of market

urance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide
fund at any time.

beyond the presumed retirement date to offer a continuing investment option for the investor in
would plan to retire and likely would stop making new contributions to the investment option.However,
e depending on their own risk tolerance.

withdraw the value of their accounts gradually after retirement. Each of these options follows
me more conservative over time. Options may not reach their most conservative allocation
date year. Investors should consider their own personal risk tolerance, circumstances and

he prospectus (if applicable) pertaining to the options to determine if their glide path is consistent with your
change. Investments in these options are not guaranteed and you may experience losses,
tions will provide adequate income at and through retirement.