Page 59 - FebDefComp

risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of investments in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive
against other investments in the category. This measure takes into account variations in an investment’s monthly performance after adjusting for sales loads (except for load-waived A shares), redemption fees, and the
These options should not be selected solely on a single factor such as age or retirement date. Please consult the prospectus (if applicable) pertaining to the options to determine if their glide path is consistent with your
The performance data given represents past performance and should not be considered indicative of future results. Current performance may be lower or higher than return data quoted herein. For more
Overall Morningstar Rating: For each investment with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how an investment ranks on a Morningstar Risk-Adjusted Return measure
Target retirement date (lifecycle) investment options are designed for participants who plan to withdraw the value of their accounts gradually after retirement. Each of these options follows its own asset
shares/units when redeemed may be worth more or less than the original investment. Investment portfolio statistics change over time and there are no assurances investment objectives will be achieved.
proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for
Category. Rankings in the top 50% of the peer group are highlighted in green. Rankings in the 3rd quartile of the peer group are in yellow. Rankings in the 4th quartile of the peer group are in red. Morningstar Rating
same time period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. Morningstar total return includes both income and capital gains or losses and is not
Investment results assume all investment distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which
long-term financial plan. Target retirement date investment options’ stated asset allocation may be subject to change. Investments in these options are not guaranteed and you may experience losses, including
guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions
for an investment is derived from a weighted average of the ratings for the three-, five- and ten-year (if applicable) time periods. © 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is
allocation path (“glide path”) to progressively reduce its equity exposure and become more conservative over time. Options may not reach their most conservative allocation until after their target date.
Target Date Funds - Generally target retirement date (lifecycle) investment options are designed to be held beyond the presumed retirement date to offer a continuing investment option for the investor in retirement.
3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Morningstar Category Rank is based on the fund’s total-return percentile rank relative to all funds that have the same category for the
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which
or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial
Retail Money Market and Government Money Market Investments - You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot
adjusted for sales charges. The top-performing fund in a category will always receive a rank of 1. The percentile rank by category figures allow for a direct comparison of a fund’s performance within its Morningstar
The year in the investment option name refers to the approximate year an investor in the option would plan to retire and likely would stop making new contributions to the investment option.However, investors may
the results would have been lower. Maximum sales charge for investments, including Class A shares, represented is 5.75%. The Maximum sales charge is generally waived for retirement plan accounts.
current information, including month-end performance, please visit www.massmutual.com/mmfunds or call 1-877-474-5016. Principal value and investment return will fluctuate, so an investor's
Others may reach their most conservative allocation in their target date year. Investors should consider their own personal risk tolerance, circumstances and financial situation.

losses near, at, or after the target date. Additionally, there is no guarantee that the options will provide adequate income at and through retirement.

choose a date other than their presumed retirement date to be more conservative or aggressive depending on their own risk tolerance.

support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

can be obtained by calling 1-888-309-3539 and should be read carefully before investing.

any damages or losses arising from any use of this information.

Performance As of: 12‐31‐2020