0001104659-24-076872.txt : 20240701 0001104659-24-076872.hdr.sgml : 20240701 20240701165451 ACCESSION NUMBER: 0001104659-24-076872 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 20 FILED AS OF DATE: 20240701 DATE AS OF CHANGE: 20240701 EFFECTIVENESS DATE: 20240701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MassMutual Advantage Funds CENTRAL INDEX KEY: 0001859808 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-256698 FILM NUMBER: 241091480 BUSINESS ADDRESS: STREET 1: 1295 STATE STREET CITY: SPRINGFIELD STATE: MA ZIP: 01111 BUSINESS PHONE: (860) 562-1000 MAIL ADDRESS: STREET 1: 1295 STATE STREET CITY: SPRINGFIELD STATE: MA ZIP: 01111 0001859808 S000072762 MassMutual Emerging Markets Debt Blended Total Return Fund C000229282 Class I BXEIX C000229283 Class A BXEAX C000229284 Class Y BXEYX C000229285 Class C BXECX 0001859808 S000072763 MassMutual Global Credit Income Opportunities Fund C000229286 Class I BXITX C000229287 Class A BXIAX C000229288 Class Y BXIYX C000229289 Class C BXICX 0001859808 S000072765 MassMutual Global Floating Rate Fund C000229294 Class C BXFCX C000229295 Class I BXFIX C000229296 Class Y BXFYX C000229297 Class A BXFAX 0001859808 S000083940 MassMutual Clinton Municipal Credit Opportunities Fund C000248053 Class A C000248054 Class I C000248055 Class Y 0001859808 S000083941 MassMutual Clinton Municipal Fund C000248056 Class Y C000248057 Class I C000248058 Class A 0001859808 S000083942 MassMutual Clinton Limited Term Municipal Fund C000248059 Class Y C000248060 Class A C000248061 Class I 497 1 tm2418338d1_497.htm 497 tm2418338-2_nonfiling - none - 2.2187621s
 
MASSMUTUAL FUNDS
MassMutual Emerging Markets Debt Blended Total Return Fund
(the “Fund”)
Supplement dated July 1, 2024 to the
Prospectus dated February 1, 2024 and the
Summary Prospectus dated February 1, 2024
This supplement provides new and additional information beyond that contained in the Prospectus and Summary Prospectus, and any previous supplements. It should be retained and read in conjunction with the Prospectus and Summary Prospectus, and any previous supplements.
The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Class I
Class Y
Class A
Class C
Management Fees
0.75%
0.75%
0.75%
0.75%
Distribution and Service (Rule 12b-1) Fees
None
None
0.25%
1.00%
Other Expenses(1)
0.33%
0.39%
0.35%
0.33%
Total Annual Fund Operating Expenses
1.08%
1.14%
1.35%
2.08%
Expense Reimbursement
(0.19)%
(0.19)%
(0.19)%
(0.19)%
Total Annual Fund Operating Expenses after Expense Reimbursement(2)
0.89%
0.95%
1.16%
1.89%
(1)
Other Expenses have been restated to reflect current fees.
(2)
The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
1 Year
3 Years
5 Years
10 Years
Class I $ 91 $ 313 $ 566 $ 1,290
Class Y $ 97 $ 332 $ 598 $ 1,359
Class A $ 538 $ 806 $ 1,105 $ 1,954
Class C $ 292 $ 622 $ 1,090 $ 2,386
You would pay the following expenses if you did not redeem your shares:
1 Year
3 Years
5 Years
10 Years
Class C $ 192 $ 622 $ 1,090 $ 2,386
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
B3000M (ADV)-24-03
EMDBTR-24-01
 

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MASSMUTUAL FUNDS
MassMutual Clinton Limited Term Municipal Fund
MassMutual Clinton Municipal Fund
MassMutual Clinton Municipal Credit Opportunities Fund
MassMutual Global Floating Rate Fund
MassMutual Global Credit Income Opportunities Fund
MassMutual Emerging Markets Debt Blended Total Return Fund
Supplement dated July 1, 2024 to the
Statement of Additional Information dated February 1, 2024
This supplement provides new and additional information beyond that contained in the Statement of Additional Information (“SAI”) and any previous supplements. It should be retained and read in conjunction with the SAI and any previous supplements.
Effective immediately, the following information replaces similar information found on page B-58 under the heading Interested Trustees in the section titled Management of the Trust:
Paul LaPiana2
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1969
Trustee of the Trust since 2023
Trustee 108 portfolios in fund complex
Trustee of the Trust
Director (since 2023), President (2021-2023; since 2023), MML Advisers; Head of Brand, Product, and Affiliated Distribution (since 2023), Head of MassMutual U.S. Product (2019-2023), Head of Field Management (2016-2019), MassMutual; Trustee (since 2023), President (2021-2024), MassMutual Select Funds (open-end investment company); Trustee (since 2023), President (2021-2024), MassMutual Premier Funds (open-end investment company); Trustee (since 2023), President (2021-2024, MassMutual Advantage Funds (open-end investment company); Trustee (since 2023), President (2021-2024), MML Series Investment Fund (open-end investment company); Trustee (since 2023), President (2021-2024), MML Series Investment Fund II (open-end investment company).
Effective immediately, the following information replaces similar information found on page B-59 under the heading Principal Officers in the section titled Management of the Trust:
Douglas Steele
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1975
Officer of the Trust since 2016
Officer of 108 portfolios in fund complex
President of the Trust
Head of MassMutual Investments (since 2024), Vice President (since 2017), Interim Head of MassMutual Investments (2023-2024), Head of Product Management (2021-2024), Head of Manager Research (2021), Head of Investment Management (2017-2021), MML Advisers; Head of MassMutual Investments (since 2024), Interim Head of MassMutual Investments (2023-2024), Head of Product Management (2021-2024), Head of Manager Research (2021), Head of Investment Management (2017-2021), MassMutual; President (since 2024), Vice President (2016-2024), MassMutual Select Funds (open-end investment company); President (since 2024),Vice President (2016-2024), MassMutual Premier Funds (open-end investment company); President (since 2024), Vice President (2021-2024), MassMutual Advantage Funds (open-end investment company); President (since 2024),Vice President (2016-2024), MML Series Investment Fund (open-end investment company); President (since 2024),Vice President (2016-2024), MML Series Investment Fund II (open-end investment company).
 

 
Effective immediately, the following information supplements the information beginning on page B-58 under the heading Principal Officers in the section titled Management of the Trust:
Oludare Adedokun
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1986
Officer of the Trust since 2024
Officer of 108 portfolios in fund complex
Vice President of the Trust
Head of Manager Research (since 2022), MassMutual; Head of Manager Research (since 2022), MML Advisers; Manager Research Senior Research Analyst (2018-2022), Franklin Templeton; Vice President (since 2024), MassMutual Select Funds (open-end investment company); Vice President (since 2024), MassMutual Premier Funds (open-end investment company); Vice President (since 2024), MassMutual Advantage Funds (open-end investment company); Vice President (since 2024), MML Series Investment Fund (open-end investment company); Vice President (since 2024), MML Series Investment Fund II (open-end investment company).
Meredith Ulrich
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1986
Officer of the Trust since 2021
Officer of 108 portfolios in fund complex
Vice President of the Trust
Product Manager (since 2018), MassMutual; Product Manager (since 2018), MML Advisers; Vice President (since 2024), Assistant Vice President (2021-2024), MassMutual Select Funds (open-end investment company); Vice President (since 2024), Assistant Vice President (2021-2024), MassMutual Premier Funds (open-end investment company); Vice President (since 2024), Assistant Vice President (2021-2024), MassMutual Advantage Funds (open-end investment company); Vice President (since 2024), Assistant Vice President (2021-2024), MML Series Investment Fund (open-end investment company); Vice President (since 2024), Assistant Vice President (2021-2024), MML Series Investment Fund II (open-end investment company).
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SAI B3000M (ADV)-24-02
 

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Form N-1A Cover
Jul. 01, 2024
Prospectus [Line Items]  
Document Type 497
Amendment Flag false
Registrant Name MassMutual Advantage Funds
Entity Central Index Key 0001859808
Entity Investment Company Type N-1A
Document Period End Date Jul. 01, 2024
Prospectus Date Feb. 01, 2024
Supplement to Prospectus [Text Block]
MASSMUTUAL FUNDS
MassMutual Emerging Markets Debt Blended Total Return Fund
(the “Fund”)
Supplement dated July 1, 2024 to the
Prospectus dated February 1, 2024 and the
Summary Prospectus dated February 1, 2024
This supplement provides new and additional information beyond that contained in the Prospectus and Summary Prospectus, and any previous supplements. It should be retained and read in conjunction with the Prospectus and Summary Prospectus, and any previous supplements.
XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Investment Objectives and Goals
Jul. 01, 2024
MassMutual Emerging Markets Debt Blended Total Return Fund  
Prospectus [Line Items]  
Risk/Return [Heading] MassMutual Emerging Markets Debt Blended Total Return Fund
XML 10 R3.htm IDEA: XBRL DOCUMENT v3.24.2
Fees and Expenses - MassMutual Emerging Markets Debt Blended Total Return Fund
Jul. 01, 2024
Prospectus [Line Items]  
Expense Narrative [Text Block]
The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
Expenses Restated to Reflect Current [Text] Other Expenses have been restated to reflect current fees.
Operating Expenses Caption [Optional Text] Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses [Table]
Class I
Class Y
Class A
Class C
Management Fees
0.75%
0.75%
0.75%
0.75%
Distribution and Service (Rule 12b-1) Fees
None
None
0.25%
1.00%
Other Expenses(1)
0.33%
0.39%
0.35%
0.33%
Total Annual Fund Operating Expenses
1.08%
1.14%
1.35%
2.08%
Expense Reimbursement
(0.19)%
(0.19)%
(0.19)%
(0.19)%
Total Annual Fund Operating Expenses after Expense Reimbursement(2)
0.89%
0.95%
1.16%
1.89%
(1)
Other Expenses have been restated to reflect current fees.
(2)
The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.
Expense Example [Heading] Example
Expense Example Narrative [Text Block]
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, With Redemption [Table]
1 Year
3 Years
5 Years
10 Years
Class I $ 91 $ 313 $ 566 $ 1,290
Class Y $ 97 $ 332 $ 598 $ 1,359
Class A $ 538 $ 806 $ 1,105 $ 1,954
Class C $ 292 $ 622 $ 1,090 $ 2,386
You would pay the following expenses if you did not redeem your shares:
1 Year
3 Years
5 Years
10 Years
Class C $ 192 $ 622 $ 1,090 $ 2,386
Expense Example, No Redemption, By Year, Caption [Text] You would pay the following expenses if you did not redeem your shares:
Expense Example Closing [Text Block]
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Annual Fund Operating Expenses - MassMutual Emerging Markets Debt Blended Total Return Fund
Jul. 01, 2024
Prospectus [Line Items]  
Fee Waiver or Reimbursement over Assets, Date of Termination Jan. 31, 2026
Class I  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.33% [1]
Expenses (as a percentage of Assets) 1.08%
Fee Waiver or Reimbursement (0.19%)
Net Expenses (as a percentage of Assets) 0.89% [2]
Class Y  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.39% [1]
Expenses (as a percentage of Assets) 1.14%
Fee Waiver or Reimbursement (0.19%)
Net Expenses (as a percentage of Assets) 0.95% [2]
Class A  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.75%
Distribution and Service (12b-1) Fees 0.25%
Other Expenses (as a percentage of Assets): 0.35% [1]
Expenses (as a percentage of Assets) 1.35%
Fee Waiver or Reimbursement (0.19%)
Net Expenses (as a percentage of Assets) 1.16% [2]
Class C  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.75%
Distribution and Service (12b-1) Fees 1.00%
Other Expenses (as a percentage of Assets): 0.33% [1]
Expenses (as a percentage of Assets) 2.08%
Fee Waiver or Reimbursement (0.19%)
Net Expenses (as a percentage of Assets) 1.89% [2]
[1] Other Expenses have been restated to reflect current fees.
[2] The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.
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Expense Example - MassMutual Emerging Markets Debt Blended Total Return Fund
Jul. 01, 2024
USD ($)
Class I  
Prospectus [Line Items]  
Expense Example, with Redemption, 1 Year $ 91
Expense Example, with Redemption, 3 Years 313
Expense Example, with Redemption, 5 Years 566
Expense Example, with Redemption, 10 Years 1,290
Class Y  
Prospectus [Line Items]  
Expense Example, with Redemption, 1 Year 97
Expense Example, with Redemption, 3 Years 332
Expense Example, with Redemption, 5 Years 598
Expense Example, with Redemption, 10 Years 1,359
Class A  
Prospectus [Line Items]  
Expense Example, with Redemption, 1 Year 538
Expense Example, with Redemption, 3 Years 806
Expense Example, with Redemption, 5 Years 1,105
Expense Example, with Redemption, 10 Years 1,954
Class C  
Prospectus [Line Items]  
Expense Example, with Redemption, 1 Year 292
Expense Example, with Redemption, 3 Years 622
Expense Example, with Redemption, 5 Years 1,090
Expense Example, with Redemption, 10 Years $ 2,386
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Expense Example, No Redemption - MassMutual Emerging Markets Debt Blended Total Return Fund - Class C
Jul. 01, 2024
USD ($)
Prospectus [Line Items]  
Expense Example, No Redemption, 1 Year $ 192
Expense Example, No Redemption, 3 Years 622
Expense Example, No Redemption, 5 Years 1,090
Expense Example, No Redemption, 10 Years $ 2,386
XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.2
Jul. 01, 2024
MassMutual Emerging Markets Debt Blended Total Return Fund
The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Class I
Class Y
Class A
Class C
Management Fees
0.75%
0.75%
0.75%
0.75%
Distribution and Service (Rule 12b-1) Fees
None
None
0.25%
1.00%
Other Expenses(1)
0.33%
0.39%
0.35%
0.33%
Total Annual Fund Operating Expenses
1.08%
1.14%
1.35%
2.08%
Expense Reimbursement
(0.19)%
(0.19)%
(0.19)%
(0.19)%
Total Annual Fund Operating Expenses after Expense Reimbursement(2)
0.89%
0.95%
1.16%
1.89%
(1)
Other Expenses have been restated to reflect current fees.
(2)
The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
1 Year
3 Years
5 Years
10 Years
Class I $ 91 $ 313 $ 566 $ 1,290
Class Y $ 97 $ 332 $ 598 $ 1,359
Class A $ 538 $ 806 $ 1,105 $ 1,954
Class C $ 292 $ 622 $ 1,090 $ 2,386
You would pay the following expenses if you did not redeem your shares:
1 Year
3 Years
5 Years
10 Years
Class C $ 192 $ 622 $ 1,090 $ 2,386
You would pay the following expenses if you did not redeem your shares:
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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Label Element Value
MassMutual Emerging Markets Debt Blended Total Return Fund  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk/Return [Heading] oef_RiskReturnHeading MassMutual Emerging Markets Debt Blended Total Return Fund
Expense Narrative [Text Block] oef_ExpenseNarrativeTextBlock
The following information replaces similar information for the Fund found under the headings Annual Fund Operating Expenses and Example in the section titled Fees and Expenses of the Fund (on page 41 of the Prospectus):
Operating Expenses Caption [Optional Text] oef_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination oef_FeeWaiverOrReimbursementOverAssetsDateOfTermination Jan. 31, 2026
Expenses Restated to Reflect Current [Text] oef_ExpensesRestatedToReflectCurrent Other Expenses have been restated to reflect current fees.
Expense Example [Heading] oef_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] oef_ExpenseExampleNarrativeTextBlock
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, No Redemption, By Year, Caption [Text] oef_ExpenseExampleNoRedemptionByYearCaption You would pay the following expenses if you did not redeem your shares:
Expense Example Closing [Text Block] oef_ExpenseExampleClosingTextBlock
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MassMutual Emerging Markets Debt Blended Total Return Fund | Class I  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.75%
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.00%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.33% [1]
Expenses (as a percentage of Assets) oef_ExpensesOverAssets 1.08%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets (0.19%)
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 0.89% [2]
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 91
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 313
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 566
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 1,290
MassMutual Emerging Markets Debt Blended Total Return Fund | Class A  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.75%
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.35% [1]
Expenses (as a percentage of Assets) oef_ExpensesOverAssets 1.35%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets (0.19%)
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 1.16% [2]
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 538
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 806
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 1,105
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 1,954
MassMutual Emerging Markets Debt Blended Total Return Fund | Class Y  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.75%
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.00%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.39% [1]
Expenses (as a percentage of Assets) oef_ExpensesOverAssets 1.14%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets (0.19%)
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 0.95% [2]
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 332
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 598
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 1,359
MassMutual Emerging Markets Debt Blended Total Return Fund | Class C  
Prospectus [Line Items] oef_ProspectusLineItems  
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.75%
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.33% [1]
Expenses (as a percentage of Assets) oef_ExpensesOverAssets 2.08%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets (0.19%)
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 1.89% [2]
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 292
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 622
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 1,090
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 2,386
Expense Example, No Redemption, 1 Year oef_ExpenseExampleNoRedemptionYear01 192
Expense Example, No Redemption, 3 Years oef_ExpenseExampleNoRedemptionYear03 622
Expense Example, No Redemption, 5 Years oef_ExpenseExampleNoRedemptionYear05 1,090
Expense Example, No Redemption, 10 Years oef_ExpenseExampleNoRedemptionYear10 $ 2,386
[1] Other Expenses have been restated to reflect current fees.
[2] The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.
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&UL4$L! A0#% @ V8;A6+>C@#HY' Y@H! !, M ( !1B( '1M,C0Q.#,S.&0Q7S0Y-RYH=&U02P4& 4 !0!I 0 &L#X end XML 24 tm2418338d1_497_htm.xml IDEA: XBRL DOCUMENT 0001859808 2024-07-01 2024-07-01 0001859808 ck0001859808:S000072762Member 2024-07-01 2024-07-01 0001859808 ck0001859808:S000072762Member ck0001859808:C000229282Member 2024-07-01 2024-07-01 0001859808 ck0001859808:S000072762Member ck0001859808:C000229284Member 2024-07-01 2024-07-01 0001859808 ck0001859808:S000072762Member ck0001859808:C000229283Member 2024-07-01 2024-07-01 0001859808 ck0001859808:S000072762Member ck0001859808:C000229285Member 2024-07-01 2024-07-01 pure iso4217:USD <div style="text-align:center; width:456pt; line-height:11.5pt;font-weight:bold;"> <span style="letter-spacing:-0.2pt;">MASSMUTUAL FUNDS <br/> MassMutual Emerging Markets Debt Blended Total Return Fund <br/> (the “Fund”) <br/> Supplement dated July 1, 2024 to the <br/> Prospectus dated February 1, 2024 and the <br/> Summary Prospectus dated February 1, 2024</span><span style="font-weight:normal;letter-spacing:0.2pt;"> </span> </div> <div style="text-indent:20pt; margin-top:6pt; width:456pt; line-height:10.5pt;"> <span style="letter-spacing:0.2pt;">This supplement provides new and additional information beyond that contained in the Prospectus and Summary Prospectus, and any previous supplements. It should be retained and read in conjunction with the Prospectus and Summary Prospectus, and any previous supplements. </span> </div> MassMutual Emerging Markets Debt Blended Total Return Fund 2024-02-01 <div style="text-indent:20pt; margin-top:6pt; width:456pt; line-height:10.5pt;font-style:italic;"> <span style="letter-spacing:0.2pt;">The following information replaces similar information for the Fund found under the headings </span><span style="font-weight:bold;letter-spacing:-0.2pt;">Annual Fund Operating Expenses</span><span style="letter-spacing:0.2pt;"> and </span><span style="font-weight:bold;letter-spacing:-0.2pt;">Example</span><span style="letter-spacing:0.2pt;"> in the section titled </span><span style="font-weight:bold;letter-spacing:-0.2pt;">Fees and Expenses of the Fund</span><span style="letter-spacing:0.2pt;"> (on page 41 of the Prospectus):</span><span style="font-style:normal;letter-spacing:0.2pt;"> </span> </div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <table style="width:456pt;height:107pt;margin-top:7pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <tr style="line-height:8pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <td style="border-bottom:1px solid #000000;padding:0pt 0pt 1pt 0pt; width:277.63pt;text-align:left;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2pt 0pt; width:32.59pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">Class I </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2pt 0pt; width:32.59pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">Class Y </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2pt 0pt; width:32.59pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">Class A </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2pt 0pt; width:32.59pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">Class C </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:277.63pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Management Fees </span> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.75% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.75% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.75% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.75% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:277.63pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Distribution and Service (Rule 12b-1) Fees </span> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">None </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">None </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.25% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">1.00% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:277.63pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Other Expenses</span><span style=" position:relative; bottom:4.25pt;font-size:6.5pt;letter-spacing:0.15pt;">(1)</span> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.33% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.39% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.35% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.33% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:277.63pt;text-align:left;"> <span style="letter-spacing:-0.2pt;">Total Annual Fund Operating Expenses</span> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:-0.2pt;">1.08%</span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:-0.2pt;">1.14%</span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:-0.2pt;">1.35%</span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:-0.2pt;">2.08%</span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:277.63pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Expense Reimbursement </span> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">(0.19)% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">(0.19)% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">(0.19)% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:2.75pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">(0.19)% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> <tr style="line-height:12pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="border-bottom:1px solid #000000;padding:3pt 0pt 2pt 0pt; width:277.63pt;white-space:normal;text-align:left;"> <div style="margin-left:10pt; text-indent:-10pt;"> <span style="letter-spacing:0.2pt;">Total Annual Fund Operating Expenses after Expense Reimbursement</span><span style=" position:relative; bottom:4.25pt;font-size:6.5pt;letter-spacing:0.15pt;">(2)</span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:3pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.89% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:3pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">0.95% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:3pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">1.16% </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #000000; width:6pt;">​</td> <td style="border-bottom:1px solid #000000;padding:3pt 0pt 2pt 0pt; width:32.59pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">1.89%</span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #000000; width:0pt;">​</td> </tr> </table> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <div style=" float:left; line-height:10pt; margin-top:1.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;font-size:8pt;"> <span style="letter-spacing:0.16pt;">(1)</span> <br/> </div> <div style=" margin-top:1.9pt; margin-bottom:0pt; line-height:10pt; text-align:left; margin-left:20pt;font-size:8pt;"> <span style="letter-spacing:0.16pt;">Other Expenses have been restated to reflect current fees. </span> </div> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <div style=" float:left; line-height:10pt; margin-top:0pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;font-size:8pt;"> <span style="letter-spacing:0.16pt;">(2)</span> <br/> </div> <div style=" margin-top:0pt; margin-bottom:0pt; line-height:10pt; text-align:left; margin-left:20pt;font-size:8pt;"> <span style="letter-spacing:0.16pt;">The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers. </span> </div> 0.0075 0.0075 0.0075 0.0075 0 0 0.0025 0.01 0.0033 0.0039 0.0035 0.0033 0.0108 0.0114 0.0135 0.0208 -0.0019 -0.0019 -0.0019 -0.0019 0.0089 0.0095 0.0116 0.0189 Other Expenses have been restated to reflect current fees. 2026-01-31 Example <div style="margin-top:6pt; width:456pt; line-height:10.5pt;"> <span style="letter-spacing:0.2pt;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the front-end sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund’s operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </span> </div> <table style="width:376pt;height:60.4999999999999pt;margin-left:40pt;margin-top:7pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <tr style="line-height:8pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <td style="border-bottom:1px solid #FFFFFF;padding:0pt 0pt 0.5pt 0pt; width:225.34pt;text-align:left;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1.5pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">1 Year </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1.5pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">3 Years </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1.5pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">5 Years </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1.5pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">10 Years </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">​</td> </tr> <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:2.25pt 0pt 0.5pt 0pt; width:225.34pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Class I </span> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">91</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">313</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">566</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.25pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">1,290</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:0pt; width:0pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:2.5pt 0pt 0.5pt 0pt; width:225.34pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Class Y </span> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">97</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">332</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">598</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">1,359</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:0pt; width:0pt;">​</td> </tr> <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:2.5pt 0pt 0.5pt 0pt; width:225.34pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Class A </span> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">538</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">806</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">1,105</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">1,954</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:0pt; width:0pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:2.5pt 0pt 0.5pt 0pt; width:225.34pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Class C </span> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">292</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">622</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">1,090</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:2.5pt 0pt 0.5pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">2,386</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:0pt; width:0pt;">​</td> </tr> </table> <div style="margin-top:5.9pt; width:456pt; line-height:11pt;"> <span style="letter-spacing:0.2pt;">You would pay the following expenses if you did not redeem your shares: </span> </div> <table style="width:376pt;height:20.5pt;margin-left:40pt;margin-top:7pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <tr style="line-height:8pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <td style="border-bottom:1px solid #FFFFFF;padding:0pt 0pt 0.5pt 0pt; width:225.34pt;text-align:left;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">1 Year </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">3 Years </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">5 Years </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">​</td> <td colspan="4" style="border-bottom:1px solid #000000;padding:0pt 0pt 1pt 0pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="letter-spacing:-0.16pt;">10 Years </span> </div> </td> <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">​</td> </tr> <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:1.75pt 0pt 1pt 0pt; width:225.34pt;text-align:left;"> <span style="letter-spacing:0.2pt;">Class C </span> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">192</td> <td style="padding:0pt;padding-left:0.800000000000001pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:11.25pt; text-align:right; white-space:nowrap;">622</td> <td style="padding:0pt;padding-left:2.34pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">1,090</td> <td style="padding:0pt;padding-left:0pt;width:0pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:3.75pt; text-align:right; ">$</td> <td style="padding:1.75pt 0pt 1pt 0pt; min-width:17.25pt; text-align:right; white-space:nowrap;">2,386</td> <td style="padding:0pt;padding-left:0.484999999999999pt;width:0pt;">​</td> <td style="padding:0pt; width:0pt;">​</td> </tr> </table> 91 313 566 1290 97 332 598 1359 538 806 1105 1954 292 622 1090 2386 You would pay the following expenses if you did not redeem your shares: 192 622 1090 2386 <div style="margin-top:11.9pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;"> <span style="letter-spacing:-0.2pt;">PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE</span><span style="font-weight:normal;letter-spacing:0.2pt;"> </span> </div> false 2024-07-01 497 0001859808 N-1A MassMutual Advantage Funds Other Expenses have been restated to reflect current fees. The expenses in the above table reflect a written agreement by MML Advisers to cap the fees and expenses of the Fund (other than extraordinary legal and other expenses, Acquired Fund Fees and Expenses, interest expense, expenses related to borrowings, securities lending, leverage, taxes, and brokerage, short sale dividend and loan expense, or other non-recurring or unusual expenses such as organizational expenses and shareholder meeting expenses, as applicable) through January 31, 2026, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed 0.89%, 0.95%, 1.16%, and 1.89%, for Classes I, Y, A, and C, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers.