EX-99.H(17) 22 d429657dex99h17.htm EXPENSE LIMITATION AGREEMENT Expense Limitation Agreement

Exhibit (h)(17)

EXPENSE LIMITATION AGREEMENT

This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts life insurance company (the “Manager”), and MassMutual Premier Funds, a Massachusetts business trust (the “Trust”), effective as of the 1st day of February, 2013.

WHEREAS, the Trust is an open-end management investment company registered as such with the Securities and Exchange Commission pursuant to the Investment Company Act of 1940, as amended;

WHEREAS, MassMutual Premier Money Market Fund, MassMutual Premier Short-Duration Bond Fund, MassMutual Premier Inflation-Protected and Income Fund, MassMutual Premier Core Bond Fund, MassMutual Premier Diversified Bond Fund, MassMutual Premier High Yield Fund, MassMutual Premier International Bond Fund, MassMutual Barings Dynamic Allocation Fund, MassMutual Premier Main Street Fund, MassMutual Premier Capital Appreciation Fund, MassMutual Premier Global Fund, MassMutual Premier Focused International Fund and MassMutual Premier Strategic Emerging Markets Fund (the “Funds”) are each a series of the Trust;

WHEREAS, the Manager is an investment adviser registered with the Commission as such under the Investment Advisers Act of 1940, as amended; and

WHEREAS, the Trust has appointed the Manager as its investment manager for the Funds and the Manager has agreed to act in such capacity upon the terms set forth in the relevant Investment Management Agreements;

NOW THEREFORE, the Trust and the Manager hereby agree as follows:

 

1. Expense Limitation

The Manager agrees to (i) waive management fees or other expenses of the Funds and (ii) cap the fees and expenses of the Funds (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through February 2, 2014 at the following amounts. This agreement can only be terminated by mutual consent of the Board of Trustees of the Trust on behalf of the Funds and the Manager.

MassMutual Premier Money Market Fund

 

     Other Expense Fee Waiver  

Class A shares

     0.22 %

MassMutual Premier Short-Duration Bond Fund

 

     Management Fee Waiver  

Class Z shares

     0.14 %

Class S shares

     0.14 %

Class Y shares

     0.14 %

Class L Shares

     0.14 %

Class A Shares

     0.14 %

Class N Shares

     0.14 %


MassMutual Premier Inflation-Protected and Income Fund

 

     Management Fee Waiver  

Class Z shares

     0.13 %

Class S shares

     0.13 %

Class Y shares

     0.13 %

Class L shares

     0.13 %

Class A shares

     0.13 %

Class N shares

     0.13 %

MassMutual Premier Core Bond Fund

 

     Management Fee Waiver  

Class Z shares

     0.18 %

Class S shares

     0.18 %

Class Y shares

     0.18 %

Class L shares

     0.18 %

Class A shares

     0.18 %

Class N shares

     0.18 %

MassMutual Premier Diversified Bond Fund

 

     Management Fee Waiver  

Class Z shares

     0.17 %

Class S shares

     0.17 %

Class Y shares

     0.17 %

Class L shares

     0.17 %

Class A shares

     0.17 %

Class N shares

     0.17 %

MassMutual Premier High Yield Fund

 

     Management Fee Waiver  

Class Z shares

     0.10 %

Class S shares

     0.10 %

Class Y shares

     0.10 %

Class L Shares

     0.10 %

Class A Shares

     0.10 %

Class N Shares

     0.10 %

MassMutual Premier International Bond Fund

 

     Expense Cap  

Class S shares

     0.75 %

Class Y shares

     0.80 %

Class L shares

     0.95 %

Class A shares

     1.20 %


MassMutual Barings Dynamic Allocation Fund

 

     Expense Cap  

Class Z shares

     1.02

Class S shares

     1.11 %

Class Y shares

     1.21 %

Class L shares

     1.34 %

Class A shares

     1.59 %

MassMutual Premier Main Street Fund

 

     Expense Cap  

Class S shares

     0.71 %

Class Y shares

     0.76 %

Class L shares

     0.91 %

Class A shares

     1.16 %

Class N shares

     1.46 %

MassMutual Premier Capital Appreciation Fund

 

     Expense Cap  

Class S shares

     0.71 %

Class Y shares

     0.82 %

Class L shares

     0.97 %

Class A shares

     1.09 %

Class N shares

     1.46 %

MassMutual Premier Global Fund

 

     Expense Cap  

Class S shares

     0.89 %

Class Y shares

     1.03 %

Class L shares

     1.14 %

Class A shares

     1.43 %

Class N shares

     1.52 %

MassMutual Premier Focused International Fund

 

     Management Fee Waiver  

Class Z shares

     0.10

Class S shares

     0.10 %

Class Y shares

     0.10 %

Class L shares

     0.10 %

Class A shares

     0.10 %

Class N shares

     0.10 %


MassMutual Premier Strategic Emerging Markets Fund

 

     Management Fee Waiver     Expense Cap  

Class Z shares

     0.15 %     0.99 %

Class S shares

     0.15 %     1.15 %

Class Y shares

     0.15 %     1.25 %

Class L shares

     0.15 %     1.40 %

Class A shares

     0.15 %     1.65 %

IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 1st day of February, 2013.

 

MASSACHUSETTS MUTUAL LIFE

INSURANCE COMPANY

By:  

/s/ Eric Wietsma

  Eric Wietsma, Senior Vice President
MASSMUTUAL PREMIER FUNDS on behalf of each of the Funds
By:  

/s/ Nicholas Palmerino

  Nicholas Palmerino, CFO and Treasurer