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Past performance does not guarantee future results. Current performance may be lower or higher than that shown. Investment return and principal values fluctuate, so an
investor’s shares, when redeemed, may be worth more or less than their original cost. Call (866) 444-2601 to obtain performance data current to the most recent month-
MassMutual offers both registered plans and group annuity contracts. The structure of the investments in MassMutual retirement plans may vary depending upon the
the use of the word

note that type of plan chosen. In group annuity contract retirement plans, the plan will purchase units of separate investment accounts, which in turn will purchase shares of in this material is generic, referring to both separate investment account investments and investments made directly into mutual funds or other similar Investments in securities of growth, small-cap and mid-cap companies may be especially volatile. Value investing involves the risk that undervalued securities may not political and economic factors. Investments Fixed income investing involves credit risk a

Disclosures end. corresponding mutual funds or other similar investments. Some plans invest directly in mutual funds or other similar investments. Please “funds” investments. appreciate as anticipated. Investing in foreign securities involves additional expenses and special risks, such as currency fluctuations, foreign taxes and in emerging and developing markets may be especially volatile. are more at risk of default and are subject to liquidity risk. Asset-backed and mortgage-backed securities are also subject to prepayment risk. Senior loans are typically lower-rated (more at risk of def