0001104659-22-073825.txt : 20220623 0001104659-22-073825.hdr.sgml : 20220623 20220623130703 ACCESSION NUMBER: 0001104659-22-073825 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220623 DATE AS OF CHANGE: 20220623 EFFECTIVENESS DATE: 20220623 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASSMUTUAL SELECT FUNDS CENTRAL INDEX KEY: 0000916053 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-73824 FILM NUMBER: 221034439 BUSINESS ADDRESS: STREET 1: 1295 STATE STREET CITY: SPRINGFIELD STATE: MA ZIP: 01111 BUSINESS PHONE: 413-744-1000 MAIL ADDRESS: STREET 1: 1295 STATE STREET CITY: SPRINGFIELD STATE: MA ZIP: 01111 FORMER COMPANY: FORMER CONFORMED NAME: MASSMUTUAL INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 19931213 0000916053 S000003656 MassMutual Growth Opportunities Fund C000010167 Class A MMAAX C000010168 Administrative Class MAGLX C000010169 Class R3 MMANX C000010170 Class R5 MGRSX C000010171 Service Class MAGYX C000108420 Class I MMAZX C000140350 Class R4 MMGFX 0000916053 S000003658 MassMutual Blue Chip Growth Fund C000010176 Class A MBCGX C000010177 Administrative Class MBCLX C000010178 Class R3 MBCNX C000010179 Class R5 MBCSX C000010180 Service Class MBCYX C000140351 Class I MBCZX C000140352 Class R4 MBGFX 0000916053 S000003659 MassMutual Fundamental Value Fund C000010181 Class A MFUAX C000010182 Administrative Class MFULX C000010183 Class R3 MFUNX C000010184 Class R5 MVUSX C000010185 Service Class MFUYX C000093668 Class I MFUZX C000140353 Class R4 MFUFX 0000916053 S000003661 MM S&P 500 Index Fund C000010191 Class R4 MIEAX C000010193 Class R3 MMINX C000010194 Service Class MMIEX C000010195 Administrative Class MIEYX C000010196 Class R5 MIEZX C000108421 Class I MMIZX C000140354 Class A MMFFX 0000916053 S000003665 MassMutual Mid Cap Growth Fund C000010212 Class A MEFAX C000010213 Administrative Class MMELX C000010214 Class R3 MEFNX C000010215 Class R5 MGRFX C000010216 Service Class MEFYX C000093669 Class I MEFZX C000140357 Class R4 MEFFX 0000916053 S000003666 MassMutual Fundamental Growth Fund C000010217 Class A MOTAX C000010218 Administrative Class MOTLX C000010219 Class R3 MOTNX C000010220 Class R5 MOTCX C000010221 Service Class MOTYX C000140358 Class R4 MFGFX C000140359 Class I MOTZX 0000916053 S000003667 MassMutual Overseas Fund C000010222 Class A MOSAX C000010223 Administrative Class MOSLX C000010224 Class R3 MOSNX C000010225 Class R5 MOSSX C000010226 Service Class MOSYX C000093670 Class I MOSZX C000140360 Class R4 MOSFX 0000916053 S000003668 MassMutual Small Cap Growth Equity Fund C000010227 Class A MMGEX C000010228 Administrative Class MSGLX C000010229 Class R3 MSGNX C000010230 Class R5 MSGSX C000010231 Service Class MSCYX C000093671 Class I MSGZX C000140361 Class R4 MSERX 0000916053 S000003671 MassMutual Small Company Value Fund C000010242 Class A MMYAX C000010243 Administrative Class MMYLX C000010244 Class R3 MSVNX C000010245 Class R5 MSVSX C000010246 Service Class MMVYX C000093672 Class I MSVZX C000140368 Class R4 MMVFX 0000916053 S000003673 MassMutual Strategic Bond Fund C000010252 Class A MSBAX C000010253 Administrative Class MSBLX C000010254 Class R3 MSBNX C000010255 Class R5 MBSSX C000010256 Service Class MBSYX C000140369 Class I MSBZX C000140370 Class R4 MSBRX 0000916053 S000003675 MassMutual RetireSMART by JPMorgan 2020 Fund C000010262 Class A MRTAX C000010264 Class R3 MRTNX C000010265 Service Class MRTSX C000010266 Administrative Class MRTYX C000140371 Class I MRTDX C000140372 Class R5 MRTBX C000140373 Class R4 MRTHX 0000916053 S000003676 MassMutual RetireSMART by JPMorgan 2030 Fund C000010267 Class A MRYAX C000010269 Class R3 MRYNX C000010270 Service Class MRYSX C000010271 Administrative Class MRYYX C000140374 Class I MRYUX C000140375 Class R5 MRYTX C000140376 Class R4 MRYZX 0000916053 S000003677 MassMutual RetireSMART by JPMorgan 2040 Fund C000010272 Class A MRFAX C000010274 Class R3 MFRNX C000010275 Service Class MFRSX C000010276 Administrative Class MRFYX C000140377 Class I MRFUX C000140378 Class R5 MRFTX C000140379 Class R4 MRFZX 0000916053 S000003678 MassMutual RetireSMART by JPMorgan In Retirement Fund C000010277 Class A MRDAX C000010279 Class R3 MDRNX C000010280 Service Class MDRSX C000010281 Administrative Class MDRYX C000140380 Class I MDRVX C000140381 Class R5 MDRTX C000140382 Class R4 MDRZX 0000916053 S000003679 MassMutual Diversified Value Fund C000010282 Class A MDDAX C000010283 Administrative Class MDDLX C000010284 Class R3 MDVNX C000010285 Class R5 MDVSX C000010286 Service Class MDVYX C000140383 Class I MDDIX C000140384 Class R4 MDDRX 0000916053 S000003681 MassMutual Equity Opportunities Fund C000010292 Class A MFVAX C000010293 Administrative Class MMFVX C000010294 Class R3 MFVNX C000010295 Class R5 MFVSX C000010296 Service Class MMFYX C000093673 Class I MFVZX C000140385 Class R4 MFVFX 0000916053 S000012476 MassMutual Small Cap Value Equity Fund C000033919 Service Class MMQYX C000033920 Class A MMQAX C000033921 Administrative Class MMQLX C000033923 Class R5 MMQSX C000140386 Class I MMQIX C000140387 Class R4 MMQFX C000140388 Class R3 MMQTX 0000916053 S000013194 MassMutual Mid Cap Value Fund C000035486 Class A MLUAX C000035487 Administrative Class MLULX C000035488 Class R3 MLUNX C000035489 Class R5 MLUSX C000035490 Service Class MLUYX C000108422 Class I MLUZX C000140389 Class R4 MLUFX 0000916053 S000020009 MassMutual RetireSMART by JPMorgan 2050 Fund C000056105 Class R3 MMRNX C000056106 Service Class MMTSX C000056107 Administrative Class MMRYX C000056109 Class A MMARX C000140393 Class I MMRUX C000140394 Class R5 MMRTX C000140395 Class R4 MMRZX 0000916053 S000027024 MassMutual Select BlackRock Global Allocation Fund C000081296 Class R5 MGSSX C000081297 Administrative Class MGSLX C000081298 Class A MGJAX C000081299 Service Class MGSYX C000140396 Class I MGJIX C000140397 Class R4 MGJFX C000140398 Class R3 MGJRX 0000916053 S000028351 MassMutual RetireSMART by JPMorgan 2025 Fund C000086630 Class A MMSDX C000086632 Service Class MMISX C000086633 Administrative Class MMIYX C000140403 Class I MMNUX C000140404 Class R5 MMNTX C000140405 ClassR4 MMNZX C000140406 Class R3 MMNRX 0000916053 S000028352 MassMutual RetireSMART by JPMorgan 2035 Fund C000086634 Class A MMXAX C000086636 Service Class MMXSX C000086637 Administrative Class MMXYX C000140407 Class I MMXUX C000140408 Class R5 MMXTX C000140409 Class R4 MMXZX C000140410 Class R3 MMXNX 0000916053 S000028353 MassMutual RetireSMART by JPMorgan 2045 Fund C000086639 Class A MMKAX C000086641 Service Class MMKSX C000086642 Administrative Class MMKYX C000140411 Class I MMKUX C000140412 Class R5 MMKTX C000140413 Class R4 MMKZX C000140414 Class R3 MMKNX 0000916053 S000029393 MassMutual Total Return Bond Fund C000090284 Class R5 MSPSX C000090285 Service Class MSPHX C000090286 Administrative Class MSPLX C000090287 Class R4 MSPGX C000090288 Class R3 MSPNX C000090289 Class I MSPZX C000140415 Class A MPTRX 0000916053 S000032893 MassMutual 20/80 Allocation Fund C000101523 Class R5 MRCSX C000101524 Service Class MRCYX C000101525 Administrative Class MRCLX C000101526 Class A MCTAX C000140416 Class I MRCUX C000140417 Class R4 MRCZX C000140418 Class R3 MRCVX 0000916053 S000032894 MassMutual 40/60 Allocation Fund C000101527 Class R5 MROSX C000101528 Service Class MRMYX C000101529 Administrative Class MRMLX C000101530 Class A MRMAX C000140419 Class I MRMUX C000140420 Class R4 MRMZX C000140421 Class R3 MRMTX 0000916053 S000032895 MassMutual 60/40 Allocation Fund C000101531 Service Class MROYX C000101532 Administrative Class MRSLX C000101533 Class A MOGAX C000101534 Class R5 MRSSX C000140422 Class I MROUX C000140423 Class R4 MROZX C000140424 Class R3 MROTX 0000916053 S000032896 MassMutual 80/20 Allocation Fund C000101535 Class R5 MRRSX C000101536 Service Class MRGYX C000101537 Administrative Class MRGLX C000101538 Class A MRRAX C000140425 Class I MRGUX C000140426 Class R4 MRGZX C000140427 Class R3 MRGVX 0000916053 S000037829 MM S&P Mid Cap Index Fund C000116695 Service Class MDKSX C000116696 Administrative Class MDKYX C000116698 Class A MDKAX C000116699 Class I MDKZX C000116700 Class R5 MDKIX C000140428 Class R4 MDKFX C000140429 Class R3 MDKTX 0000916053 S000037830 MM Russell 2000 Small Cap Index Fund C000116701 Class A MCJAX C000116702 Class I MCJZX C000116703 Class R5 MCJIX C000116704 Service Class MCJSX C000116705 Administrative Class MCJYX C000140430 Class R4 MCJFX C000140431 Class R3 MCJTX 0000916053 S000037831 MM MSCI EAFE International Index Fund C000116707 Service Class MKRSX C000116708 Administrative Class MKRYX C000116710 Class A MKRAX C000116711 Class I MKRZX C000116712 Class R5 MKRIX C000140432 Class R4 MKRFX C000140433 Class R3 MKRTX 0000916053 S000042052 MassMutual RetireSMART by JPMorgan 2055 Fund C000130636 Service Class MMWSX C000130637 Administrative Class MMWYX C000130639 Class A MMWAX C000140434 Class I MMWZX C000140435 Class R5 MMWUX C000140436 Class R4 MMWEX C000140437 Class R3 MMWTX 0000916053 S000051694 MassMutual RetireSMART by JPMorgan 2060 Fund C000162675 Class I MMWIX C000162676 Class R5 MMWHX C000162677 Service Class MMWGX C000162678 Administrative Class MMWFX C000162679 Class A MMWDX C000162680 Class R4 MMWCX C000162681 Class R3 MMWBX 0000916053 S000055552 MM Equity Asset Fund C000174852 Class I MSEJX 0000916053 S000061101 MassMutual Select T. Rowe Price Retirement Balanced Fund C000198028 Class I MMBVX C000198029 Class M5 MMBWX C000198030 Class M4 MMBYX C000198031 Class M3 MMBZX 0000916053 S000061102 MassMutual Select T. Rowe Price Retirement 2045 Fund C000198032 Class I MMFTX C000198033 Class M5 MMFUX C000198034 Class M4 MMFWX C000198035 Class M3 MMFZX 0000916053 S000061103 MassMutual Select T. Rowe Price Retirement 2050 Fund C000198036 Class I MMDDX C000198037 Class M5 MMDFX C000198038 Class M4 MMDGX C000198039 Class M3 MMDHX 0000916053 S000061104 MassMutual Select T. Rowe Price Retirement 2055 Fund C000198040 Class I MMDJX C000198041 Class M5 MMDKX C000198042 Class M4 MMDMX C000198043 Class M3 MMDOX 0000916053 S000061105 MassMutual Select T. Rowe Price Retirement 2060 Fund C000198044 Class I MMSKX C000198045 Class M5 MMSOX C000198046 Class M4 MMSGX C000198047 Class M3 MMSVX 0000916053 S000061106 MassMutual Select T. Rowe Price Bond Asset Fund C000198048 Class I MMBEX 0000916053 S000061107 MassMutual Select T. Rowe Price Emerging Markets Bond Fund C000198049 Class I MMEMX 0000916053 S000061108 MassMutual Select T. Rowe Price Large Cap Blend Fund C000198050 Class I MMLRX 0000916053 S000061109 MassMutual Select T. Rowe Price Limited Duration Inflation Focused Bond Fund C000198051 Class I MMLDX 0000916053 S000061110 MassMutual Select T. Rowe Price Real Assets Fund C000198052 Class I MMRFX 0000916053 S000061111 MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund C000198053 Class I MMBUX 0000916053 S000061112 MassMutual Select T. Rowe Price Retirement 2005 Fund C000198054 Class I MMFBX C000198055 Class M5 MMFDX C000198056 Class M4 MMFEX C000198057 Class M3 MMFGX 0000916053 S000061113 MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund C000198058 Class I MMUTX 0000916053 S000061114 MassMutual Select T. Rowe Price International Equity Fund C000198059 Class I MMIUX 0000916053 S000061115 MassMutual Select T. Rowe Price Retirement 2010 Fund C000198060 Class M5 MMXCX C000198061 Class M4 MMXDX C000198062 Class M3 MMXEX C000198063 Class I MMXBX 0000916053 S000061116 MassMutual Select T. Rowe Price Retirement 2015 Fund C000198064 Class I MMFHX C000198065 Class M5 MMFJX C000198066 Class M4 MMFKX C000198067 Class M3 MMFLX 0000916053 S000061117 MassMutual Select T. Rowe Price Retirement 2020 Fund C000198068 Class I MMTWX C000198069 Class M5 MMTTX C000198070 Class M4 MMTUX C000198071 Class M3 MMTVX 0000916053 S000061118 MassMutual Select T. Rowe Price Retirement 2025 Fund C000198072 Class I MMTFX C000198073 Class M5 MMTGX C000198074 Class M4 MMTHX C000198075 Class M3 MMTIX 0000916053 S000061119 MassMutual Select T. Rowe Price Retirement 2030 Fund C000198076 Class I MMTRX C000198077 Class M5 MMTOX C000198078 Class M4 MMTPX C000198079 Class M3 MMTQX 0000916053 S000061120 MassMutual Select T. Rowe Price Retirement 2035 Fund C000198080 Class I MMTJX C000198081 Class M5 MMTKX C000198082 Class M4 MMTLX C000198083 Class M3 MMTMX 0000916053 S000061121 MassMutual Select T. Rowe Price Retirement 2040 Fund C000198084 Class I MMFOX C000198085 Class M5 MMFPX C000198086 Class M4 MMFQX C000198087 Class M3 MMFRX 497 1 tm2219173-1_497.htm 497 tm2219173-1_497 - none - 2.8906317s
MASSMUTUAL FUNDS
MassMutual Total Return Bond Fund
MassMutual Strategic Bond Fund
MassMutual Select BlackRock Global Allocation Fund
MassMutual Diversified Value Fund
MassMutual Fundamental Value Fund
MM S&P 500® Index Fund
MassMutual Equity Opportunities Fund
MassMutual Fundamental Growth Fund
MassMutual Blue Chip Growth Fund
MassMutual Growth Opportunities Fund
MassMutual Mid Cap Value Fund
MassMutual Small Cap Value Equity Fund
MassMutual Small Company Value Fund
MM S&P® Mid Cap Index Fund
MM Russell 2000® Small Cap Index Fund
MassMutual Mid Cap Growth Fund
MassMutual Small Cap Growth Equity Fund
MM MSCI EAFE® International Index Fund
MassMutual Overseas Fund
MassMutual Select T. Rowe Price International Equity Fund
Supplement dated June 23, 2022 to the
Statement of Additional Information dated February 1, 2022
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.
The following information supplements the information found on pages B-51 and B-52 under the heading Independent Trustees in the section titled Management of the Trust:
R. Bradford Malt
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1954
Trustee of the Trust since 2022
Trustee of 115 portfolios in fund complex
Trustee of the Trust
Chairman (2004-2019), Management Committee (1993-2019), Partner (1987-2019), Associate (1979-1987), Ropes & Gray LLP (counsel to the Trust and MassMutual);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company).
Cynthia R. Plouché
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1957
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust
Retired; Assessor (2014-2018), Moraine Township (property assessment);Trustee (since 2014), Northern Trust Funds (open-end investment companies); Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).

Jason J. Price
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1973
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust
Co-Founder and Chairman of the Board (2017-2021) NXTHVN (arts organization); Principal (2012-2017), Exaltare Capital Partners, LLC (private equity firm);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-52 under the heading Independent Trustees in the section titled Management of the Trust is hereby deleted.
The information for Aruna Hobbs on page B-54 under the heading Principal Officers in the section titled Management of the Trust is hereby deleted.
The following information supplements the information found on pages B-56 and B-57 under the heading Additional Information About the Trustees in the section titled Management of the Trust:
R. Bradford Malt As a current Chairman Emeritus, a former Chairman, and a former partner of a corporate law firm, which serves as counsel to the Trust and to MML Advisers, with over 40 years of financial services experience, Mr. Malt has expertise in financial, regulatory, and operational issues. He has also served as a director for several public and private companies. Mr. Malt holds an AB in Applied Mathematics from Harvard College and a JD from Harvard Law School.
Cynthia R. Plouché As a former assessor of a township, a former portfolio manager for asset management firms, and a former chief investment officer and managing director of an asset management firm with over 32 years of financial services experience, Ms. Plouché has experience with financial, regulatory, and operational issues. She has also served as a trustee and audit committee member for open-end investment companies and a trustee for a closed-end investment company. Ms. Plouché holds a BA in Psychology and Social Relations from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.
Jason J. Price As a former executive with over 25 years of financial services experience, Mr. Price has experience with financial, regulatory, and operational issues. He served as a Senior Vice President of Cigna Investment Management from 2009 to 2012 and as Head of Private Equity for the State of Connecticut Office of the Treasurer from 2005 to 2009. Mr. Price holds a BA in Business Administration from Morehouse College and an MBA from Harvard Business School.
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-56 under the heading Additional Information About the Trustees in the section titled Management of the Trust is hereby deleted.
Messrs. Malt and Price and Ms. Plouché have been added as members of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-57 and B-58.
Effective June 30, 2022, Mr. Hunter has retired and therefore will no longer serve as a member of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-57 and B-58.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SAI B3001M-22-03

MASSMUTUAL FUNDS
MassMutual Select 20/80 Allocation Fund
MassMutual Select 40/60 Allocation Fund
MassMutual Select 60/40 Allocation Fund
MassMutual Select 80/20 Allocation Fund
MassMutual RetireSMARTSM by JPMorgan In Retirement Fund
MassMutual RetireSMARTSM by JPMorgan 2020 Fund
MassMutual RetireSMARTSM by JPMorgan 2025 Fund
MassMutual RetireSMARTSM by JPMorgan 2030 Fund
MassMutual RetireSMARTSM by JPMorgan 2035 Fund
MassMutual RetireSMARTSM by JPMorgan 2040 Fund
MassMutual RetireSMARTSM by JPMorgan 2045 Fund
MassMutual RetireSMARTSM by JPMorgan 2050 Fund
MassMutual RetireSMARTSM by JPMorgan 2055 Fund
MassMutual RetireSMARTSM by JPMorgan 2060 Fund
Supplement dated June 23, 2022, to the
Statement of Additional Information dated February 1, 2022
This supplement provides new and additional information beyond that contained in the Statement of Additional Information (“SAI”). It should be retained and read in conjunction with the SAI.
The following information supplements the information found on pages B-45 and B-46 under the heading Independent Trustees in the section titled Management of the Trust:
R. Bradford Malt
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1954
Trustee of the Trust since 2022
Trustee of 115 portfolios in fund complex
Trustee of the Trust
Chairman (2004-2019), Management Committee (1993-2019), Partner (1987-2019), Associate (1979-1987), Ropes & Gray LLP (counsel to the Trust and MassMutual);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company).
Cynthia R. Plouché
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1957
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust
Retired; Assessor (2014-2018), Moraine Township (property assessment);Trustee (since 2014), Northern Trust Funds (open-end investment companies); Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Jason J. Price
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1973
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust

Co-Founder and Chairman of the Board (2017-2021) NXTHVN (arts organization); Principal (2012-2017), Exaltare Capital Partners, LLC (private equity firm);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-46 under the heading Independent Trustees in the section titled Management of the Trust is hereby deleted.
The information for Aruna Hobbs on page B-48 under the heading Principal Officers in the section titled Management of the Trust is hereby deleted.
The following information supplements the information found on pages B-50 and B-51 under the heading Additional Information About the Trustees in the section titled Management of the Trust:
R. Bradford Malt As a current Chairman Emeritus, a former Chairman, and a former partner of a corporate law firm, which serves as counsel to the Trust and to MML Advisers, with over 40 years of financial services experience, Mr. Malt has expertise in financial, regulatory, and operational issues. He has also served as a director for several public and private companies. Mr. Malt holds an AB in Applied Mathematics from Harvard College and a JD from Harvard Law School.
Cynthia R. Plouché As a former assessor of a township, a former portfolio manager for asset management firms, and a former chief investment officer and managing director of an asset management firm with over 32 years of financial services experience, Ms. Plouché has experience with financial, regulatory, and operational issues. She has also served as a trustee and audit committee member for open-end investment companies and a trustee for a closed-end investment company. Ms. Plouché holds a BA in Psychology and Social Relations from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.
Jason J. Price As a former executive with over 25 years of financial services experience, Mr. Price has experience with financial, regulatory, and operational issues. He served as a Senior Vice President of Cigna Investment Management from 2009 to 2012 and as Head of Private Equity for the State of Connecticut Office of the Treasurer from 2005 to 2009. Mr. Price holds a BA in Business Administration from Morehouse College and an MBA from Harvard Business School.
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-50 under the heading Additional Information About the Trustees in the section titled Management of the Trust is hereby deleted.
Messrs. Malt and Price and Ms. Plouché have been added as members of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-51 and B-52.
Effective June 30, 2022, Mr. Hunter has retired and therefore will no longer serve as a member of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-51 and B-52.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SAI B3001M(RS)-22-01

MASSMUTUAL FUNDS
MassMutual Select T. Rowe Price Retirement Balanced Fund
MassMutual Select T. Rowe Price Retirement 2005 Fund
MassMutual Select T. Rowe Price Retirement 2010 Fund
MassMutual Select T. Rowe Price Retirement 2015 Fund
MassMutual Select T. Rowe Price Retirement 2020 Fund
MassMutual Select T. Rowe Price Retirement 2025 Fund
MassMutual Select T. Rowe Price Retirement 2030 Fund
MassMutual Select T. Rowe Price Retirement 2035 Fund
MassMutual Select T. Rowe Price Retirement 2040 Fund
MassMutual Select T. Rowe Price Retirement 2045 Fund
MassMutual Select T. Rowe Price Retirement 2050 Fund
MassMutual Select T. Rowe Price Retirement 2055 Fund
MassMutual Select T. Rowe Price Retirement 2060 Fund
Supplement dated June 22, 2022 to the
Statement of Additional Information dated February 1, 2022
This supplement provides new and additional information beyond that contained in the Statement of Additional Information (“SAI”). It should be retained and read in conjunction with the SAI.
The following information supplements the information found on pages B-44 and B-45 under the heading Independent Trustees in the section titled Management of the Trust:
R. Bradford Malt
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1954
Trustee of the Trust since 2022
Trustee of 115 portfolios in fund complex
Trustee of the Trust
Chairman (2004-2019), Management Committee (1993-2019), Partner (1987-2019), Associate (1979-1987), Ropes & Gray LLP (counsel to the Trust and MassMutual);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company).
Cynthia R. Plouché
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1957
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust
Retired; Assessor (2014-2018), Moraine Township (property assessment);Trustee (since 2014), Northern Trust Funds (open-end investment companies); Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Jason J. Price
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1973
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust

Co-Founder and Chairman of the Board (2017-2021) NXTHVN (arts organization); Principal (2012-2017), Exaltare Capital Partners, LLC (private equity firm);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-44 under the heading Independent Trustees in the section titled Management of the Trust is hereby deleted.
The information for Aruna Hobbs on page B-47 under the heading Principal Officers in the section titled Management of the Trust is hereby deleted.
The following information supplements the information found on page B-49 under the heading Additional Information About the Trustees in the section titled Management of the Trust:
R. Bradford Malt As a current Chairman Emeritus, a former Chairman, and a former partner of a corporate law firm, which serves as counsel to the Trust and to MML Advisers, with over 40 years of financial services experience, Mr. Malt has expertise in financial, regulatory, and operational issues. He has also served as a director for several public and private companies. Mr. Malt holds an AB in Applied Mathematics from Harvard College and a JD from Harvard Law School.
Cynthia R. Plouché As a former assessor of a township, a former portfolio manager for asset management firms, and a former chief investment officer and managing director of an asset management firm with over 32 years of financial services experience, Ms. Plouché has experience with financial, regulatory, and operational issues. She has also served as a trustee and audit committee member for open-end investment companies and a trustee for a closed-end investment company. Ms. Plouché holds a BA in Psychology and Social Relations from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.
Jason J. Price As a former executive with over 25 years of financial services experience, Mr. Price has experience with financial, regulatory, and operational issues. He served as a Senior Vice President of Cigna Investment Management from 2009 to 2012 and as Head of Private Equity for the State of Connecticut Office of the Treasurer from 2005 to 2009. Mr. Price holds a BA in Business Administration from Morehouse College and an MBA from Harvard Business School.
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-49 under the heading Additional Information About the Trustees in the section titled Management of the Trust is hereby deleted.
Messrs. Malt and Price and Ms. Plouché have been added as members of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-50 and B-51.
Effective June 30, 2022, Mr. Hunter has retired and therefore will no longer serve as a member of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-50 and B-51.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SAI B3001M-TRTD-22-01

MASSMUTUAL FUNDS
MM Equity Asset Fund
MassMutual Select T. Rowe Price Bond Asset Fund
MassMutual Select T. Rowe Price Emerging Markets Bond Fund
MassMutual Select T. Rowe Price Large Cap Blend Fund
MassMutual Select T. Rowe Price Limited Duration Inflation Focused Bond Fund
MassMutual Select T. Rowe Price Real Assets Fund
MassMutual Select T. Rowe Price Small and Mid Cap Blend Fund
MassMutual Select T. Rowe Price U.S. Treasury Long-Term Index Fund
Supplement dated June 23, 2022 to the
Statement of Additional Information dated February 1, 2022
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.
The following information supplements the information found on pages B-46 and B-47 under the heading Independent Trustees in the section titled Management of the Trust:
R. Bradford Malt
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1954
Trustee of the Trust since 2022
Trustee of 115 portfolios in fund complex
Trustee of the Trust
Chairman (2004-2019), Management Committee (1993-2019), Partner (1987-2019), Associate (1979-1987), Ropes & Gray LLP (counsel to the Trust and MassMutual);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company).
Cynthia R. Plouché
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1957
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust
Retired; Assessor (2014-2018), Moraine Township (property assessment);Trustee (since 2014), Northern Trust Funds (open-end investment companies); Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Jason J. Price
1295 State Street
Springfield, MA 01111-0001
Year of birth: 1973
Trustee of the Trust since 2022
Trustee of 116 portfolios in fund complex
Trustee of the Trust
Co-Founder and Chairman of the Board (2017-2021) NXTHVN (arts organization); Principal (2012-2017), Exaltare Capital Partners, LLC (private equity firm);Trustee (since 2022), MassMutual Select Funds (open-end investment company); Trustee (since 2022), MassMutual Premier Funds (open-end investment company); Trustee (since 2022), MassMutual Advantage Funds (open-end investment

company); Trustee (since 2022), MML Series Investment Fund (open-end investment company); Trustee (since 2022), MML Series Investment Fund II (open-end investment company); Trustee (since 2021), MassMutual AccessSM Pine Point Fund (closed-end investment company).
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-47 under the heading Independent Trustees in the section titled Management of the Trust is hereby deleted.
The information for Aruna Hobbs on page B-49 under the heading Principal Officers in the section titled Management of the Trust is hereby deleted.
The following information supplements the information found on pages B-51 and B-52 under the heading Additional Information About the Trustees in the section titled Management of the Trust:
R. Bradford Malt As a current Chairman Emeritus, a former Chairman, and a former partner of a corporate law firm, which serves as counsel to the Trust and to MML Advisers, with over 40 years of financial services experience, Mr. Malt has expertise in financial, regulatory, and operational issues. He has also served as a director for several public and private companies. Mr. Malt holds an AB in Applied Mathematics from Harvard College and a JD from Harvard Law School.
Cynthia R. Plouché As a former assessor of a township, a former portfolio manager for asset management firms, and a former chief investment officer and managing director of an asset management firm with over 32 years of financial services experience, Ms. Plouché has experience with financial, regulatory, and operational issues. She has also served as a trustee and audit committee member for open-end investment companies and a trustee for a closed-end investment company. Ms. Plouché holds a BA in Psychology and Social Relations from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.
Jason J. Price As a former executive with over 25 years of financial services experience, Mr. Price has experience with financial, regulatory, and operational issues. He served as a Senior Vice President of Cigna Investment Management from 2009 to 2012 and as Head of Private Equity for the State of Connecticut Office of the Treasurer from 2005 to 2009. Mr. Price holds a BA in Business Administration from Morehouse College and an MBA from Harvard Business School.
Effective June 30, 2022, R. Alan Hunter, Jr. has retired and his information on page B-51 under the heading Additional Information About the Trustees in the section titled Management of the Trust is hereby deleted.
Messrs. Malt and Price and Ms. Plouché have been added as members of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-52 and B-53.
Effective June 30, 2022, Mr. Hunter has retired and therefore will no longer serve as a member of the Audit Committee, Nominating and Governance Committee, and Contract Committee as described under the heading Board and Committee Meetings in the section titled Management of the Trust on pages B-52 and B-53.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SAI B3001M-TRUN-22-03