MASSMUTUAL PREMIER FUNDS

MassMutual Premier Money Market Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

On or after March 7, 2014, but no later than April 1, 2014, each Class Y and Class A share of the Fund will be converted to one Class S share of the Fund.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Money Market Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class A  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S     Class Y      Class A  

Management Fees

     .35%        .35%         .35%   

Distribution and Service (Rule 12b-1) Fees

     None        None         .25%   

Other Expenses

     .11% (1)       .21%         .36% (1)  

Total Annual Fund Operating Expenses

     .46%        .56%         .96%   
(1)  

Other Expenses for Classes S and A have been restated to reflect current fees.

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. 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 S

   $ 47       $ 148       $ 258       $ 579   

Class Y

   $ 57       $ 179       $ 313       $ 701   

Class A

   $ 98       $ 306       $ 531       $ 1,178   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Short-Duration Bond Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Short-Duration Bond Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         3.50%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

      Class Z     Class S     Class Y     Class L     Class A     Class N  

Management Fees

    .40%        .40%        .40%        .40%        .40%        .40%   

Distribution and Service (Rule 12b-1) Fees

    None        None        None        None        .25%        .50%   

Other Expenses

    .10%        .29%        .34%        .42%        .42%        .47%   

Total Annual Fund Operating Expenses

    .50%        .69%        .74%        .82%        1.07%        1.37%   

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 initial 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 Z

   $ 51       $ 160       $ 280       $ 628   

Class S

   $ 70       $ 221       $ 384       $ 859   

Class Y

   $ 76       $ 237       $ 411       $ 918   

Class L

   $ 84       $ 262       $ 455       $ 1,014   

Class A

   $ 455       $ 678       $ 919       $ 1,610   

Class N

   $ 239       $ 434       $ 750       $ 1,646   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 139       $ 434       $ 750       $ 1,646   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Inflation-Protected and Income Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Inflation-Protected and Income Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A     Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         4.75     None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None        1.00

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z      Class S      Class Y      Class L     Class A      Class N  

Management Fees

     .48%         .48%         .48%         .48%        .48%         .48%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         None        .25%         .50%   

Other Expenses

     .29%         .40%         .50%         .55% (1)       .55%         .60% (1)  

Interest Expense

     .20%         .20%         .20%         .20%        .20%         .20%   

Remainder of Other Expenses

     .09%         .20%         .30%         .35%        .35%         .40%   

Total Annual Fund Operating Expenses

     .77%         .88%         .98%         1.03%        1.28%         1.58%   
(1)  

Other Expenses for Class L have been restated to reflect current administrative and shareholder services fees which have been lowered, and for Class N to reflect current fees.


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 initial 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 Z

   $ 79       $ 246       $ 428       $ 954   

Class S

   $ 90       $ 281       $ 488       $ 1,084   

Class Y

   $ 100       $ 312       $ 542       $ 1,201   

Class L

   $ 105       $ 328       $ 569       $ 1,259   

Class A

   $ 599       $ 862       $ 1,144       $ 1,947   

Class N

   $ 261       $ 499       $ 860       $ 1,878   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 161       $ 499       $ 860       $ 1,878   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Core Bond Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Core Bond Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         4.75%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z     Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .48%        .48%         .48%         .48%         .48%         .48%   

Distribution and Service (Rule 12b-1) Fees

     None        None         None         None         .25%         .50%   

Other Expenses

     .08%        .29%         .34%         .41%         .41%         .48%   

Total Annual Fund Operating Expenses

     .56%        .77%         .82%         .89%         1.14%         1.46%   


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 initial 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 Z

   $ 57       $ 179       $ 313       $ 701   

Class S

   $ 79       $ 246       $ 428       $ 954   

Class Y

   $ 84       $ 262       $ 455       $ 1,014   

Class L

   $ 91       $ 284       $ 493       $ 1,096   

Class A

   $ 586       $ 820       $ 1,073       $ 1,795   

Class N

   $ 249       $ 462       $ 797       $ 1,746   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 149       $ 462       $    797       $ 1,746   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Diversified Bond Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Diversified Bond Fund

Shareholder Fee s (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A  

Maximum Sales Charge (Load) Imposed on Purchases
(as a % of offering price)

     None         None         None         None         4.75

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z      Class S     Class Y     Class L     Class A  

Management Fees

     .50%         .50%        .50%        .50%        .50%   

Distribution and Service (Rule 12b-1) Fees

     None         None        None        None        .25%   

Other Expenses

     .16%         .24% (1)       .34% (1)       .44% (1)       .48% (1)  

Total Annual Fund Operating Expenses

     .66%         .74%        .84%        .94%        1.23%   

 

(1)  

Other Expenses for Classes S, Y, and L have been restated to reflect current administrative and shareholder services fees which have been lowered, and for Class A to reflect current fees.

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 initial 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 Z

   $ 67       $ 211       $ 368       $ 822   

Class S

   $ 76       $ 237       $ 411       $ 918   

Class Y

   $ 86       $ 268       $ 466       $ 1,037   

Class L

   $ 96       $ 300       $ 520       $ 1,155   

Class A

   $ 594       $ 847       $ 1,119       $ 1,893   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier High Yield Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier High Yield Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         5.75%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z      Class S     Class Y     Class L     Class A     Class N  

Management Fees

     .50%         .50%        .50%        .50%        .50%        .50%   

Distribution and Service (Rule 12b-1) Fees

     None         None        None        None        .25%        .50%   

Other Expenses

     .10%         .30%        .35%        .50%        .50%        .55%   

Total Annual Fund Operating Expenses

     .60%         .80%        .85%        1.00%        1.25%        1.55%   


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 initial 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 Z

   $ 61       $ 192       $ 335       $ 750   

Class S

   $ 82       $ 255       $ 444       $ 990   

Class Y

   $ 87       $ 271       $ 471       $ 1,049   

Class L

   $ 102       $ 318       $ 552       $ 1,225   

Class A

   $ 695       $ 949       $ 1,222       $ 1,999   

Class N

   $ 258       $ 490       $ 845       $ 1,845   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 158       $ 490       $ 845       $ 1,845   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Balanced Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Balanced Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class L      Class A  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         5.75

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S         Class Y         Class L         Class A   

Management Fees

     .48%         .48%         .48%         .48%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%   

Other Expenses (1)

     .17%         .33%         .48%         .48%   

Acquired Fund Fees and Expenses

     .05%         .05%         .05%         .05%   

Total Annual Fund Operating Expenses (2)

     .70%         .86%         1.01%         1.26%   

 

(1)  

Other Expenses have been restated to reflect current fees.

 

(2)  

Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the “Financial Highlights” tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses.

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 initial 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 S

   $ 72       $ 224       $ 390       $ 871   

Class Y

   $ 88       $ 274       $ 477       $ 1,061   

Class L

   $ 103       $ 322       $ 558       $ 1,236   

Class A

   $ 696       $ 952       $ 1,227       $ 2,010   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Barings Dynamic Allocation Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Barings Dynamic Allocation Fund

Shareholder Fees (fees paid directly from your investment)

 

      

Class Z

    

Class S

    

Class Y

    

Class L

    

Class A

 

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         5.75

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z      Class S      Class Y      Class L      Class A  

Management Fees (Fund and Cayman Subsidiary)

     .80%         .80%         .80%         .80%         .80%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         None         .25%   

Other Expenses (1)

     .84%         .93%         1.03%         1.16%         1.16%   

Other Expenses of the Cayman Subsidiary

     .47%         .47%         .47%         .47%         .47%   

Remainder of Other Expenses

     .37%         .46%         .56%         .69%         .69%   

Acquired Fund Fees and Expenses

     .41%         .41%         .41%         .41%         .41%   

Total Annual Fund Operating Expenses (2)

     2.05%         2.14%         2.24%         2.37%         2.62%   

 

 

(1)  

Other Expenses have been restated to reflect current fees.

 

(2)  

Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the “Financial Highlights” tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses.


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 initial 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 Z

   $ 208       $ 643       $ 1,103       $ 2,379   

Class S

   $ 217       $ 670       $ 1,149       $ 2,472   

Class Y

   $ 227       $ 700       $ 1,200       $ 2,575   

Class L

   $ 240       $ 739       $ 1,265       $ 2,706   

Class A

   $ 825       $ 1,343       $ 1,885       $ 3,359   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Value Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Value Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         5.75%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .50%         .50%         .50%         .50%         .50%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%         .50%   

Other Expenses (1)

     .13%         .23%         .34%         .38%         .44%   

Total Annual Fund Operating Expenses

     .63%         .73%         .84%         1.13%         1.44%   

 

(1)  

Other Expenses have been restated to reflect current fees.


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 initial 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 S

   $ 64       $ 202       $ 351       $ 786   

Class Y

   $ 75       $ 233       $ 406       $ 906   

Class L

   $ 86       $ 268       $ 466       $ 1,037   

Class A

   $ 684       $ 913       $ 1,161       $ 1,871   

Class N

   $ 247       $ 456       $ 787       $ 1,724   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 147       $ 456       $ 787       $ 1,724   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Disciplined Value Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Disciplined Value Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         5.75%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .50%         .50%         .50%         .50%         .50%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%         .50%   

Other Expenses (1)

     .07%         .16%         .30%         .30%         .35%   

Acquired Fund Fees and Expenses

     .02%         .02%         .02%         .02%         .02%   

Total Annual Fund Operating Expenses (2)

     .59%         .68%         .82%         1.07%         1.37%   

 

(1)  

Other Expenses have been restated to reflect current fees.

 

(2)  

Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the “Financial Highlights” tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses.


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 initial 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 S

   $ 60       $ 189       $ 329       $ 738   

Class Y

   $ 69       $ 218       $ 379       $ 847   

Class L

   $ 84       $ 262       $ 455       $ 1,014   

Class A

   $ 678       $ 896       $ 1,131       $ 1,806   

Class N

   $ 239       $ 434       $ 750       $ 1,646   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 139       $ 434       $ 750       $ 1,646   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Main Street Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Main Street Fund

Shareholder Fees (fees paid directly from your investment)

 

      Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases
(as a % of offering price)

    None         None         None         5.75%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

    None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .65%         .65%         .65%         .65%         .65%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%         .50%   

Other Expenses

     .15%         .20%         .35%         .35%         .40%   

Total Annual Fund Operating Expenses

     .80%         .85%         1.00%         1.25%         1.55%   


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 initial 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 S

   $ 82       $ 255       $ 444       $ 990   

Class Y

   $ 87       $ 271       $ 471       $ 1,049   

Class L

   $ 102       $ 318       $ 552       $ 1,225   

Class A

   $ 695       $ 949       $ 1,222       $ 1,999   

Class N

   $ 258       $ 490       $ 845       $ 1,845   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 158       $ 490       $ 845       $ 1,845   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Capital Appreciation Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Capital Appreciation Fund

Shareholder Fees (fees paid directly from your investment)

 

      Class S     Class Y     Class L     Class A     Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

    None        None        None        5.75%        None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

    None        None        None        None        1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .65%         .65%         .65%         .65%         .65%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%         .50%   

Other Expenses

     .14%         .19%         .34%         .34%         .39%   

Total Annual Fund Operating Expenses

     .79%         .84%         .99%         1.24%         1.54%   


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 initial 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 S

   $ 81       $ 252       $ 439       $ 978   

Class Y

   $ 86       $ 268       $ 466       $ 1,037   

Class L

   $ 101       $ 315       $ 547       $ 1,213   

Class A

   $ 694       $ 946       $ 1,217       $ 1,989   

Class N

   $ 257       $ 486       $ 839       $ 1,834   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 157       $ 486       $ 839       $ 1,834   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Disciplined Growth Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Disciplined Growth Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class L      Class A  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         5.75%   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L     Class A  

Management Fees

     .50%         .50%         .50%        .50%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None        .25%   

Other Expenses

     .06%         .15%         .29% (1)       .29%   

Total Annual Fund Operating Expenses

     .56%         .65%         .79%        1.04%   

 

(1)  

Other Expenses for Class L have been restated to reflect current fees.

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 initial 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 S

   $ 57       $ 179       $ 313       $ 701   

Class Y

   $ 66       $ 208       $ 362       $ 810   

Class L

   $ 81       $ 252       $ 439       $ 978   

Class A

   $ 675       $ 887       $ 1,116       $ 1,773   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Small Cap Opportunities Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Small Cap Opportunities Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class L      Class A  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         5.75%   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A  

Management Fees

     .58%         .58%         .58%         .58%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%   

Other Expenses

     .15%         .25%         .35%         .35%   

Total Annual Fund Operating Expenses

     .73%         .83%         .93%         1.18%   

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 initial 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 at the end of each period:

 

     1 Year      3 Years      5 Years      10 Years  

Class S

   $ 75       $ 233       $ 406       $ 906   

Class Y

   $ 85       $ 265       $ 460       $ 1,025   

Class L

   $ 95       $ 296       $ 515       $ 1,143   

Class A

   $ 688       $ 928       $ 1,187       $ 1,924   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Global Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Global Fund

Shareholder Fees (fees paid directly from your investment)

 

      Class S     Class Y     Class L     Class A     Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

    None        None        None        5.75%        None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

    None        None        None        None        1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .80%         .80%         .80%         .80%         .80%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%         .50%   

Other Expenses

     .25%         .28%         .43%         .43%         .48%   

Total Annual Fund Operating Expenses

     1.05%         1.08%         1.23%         1.48%         1.78%   


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 initial 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 S

   $ 107       $ 334       $ 579       $ 1,283   

Class Y

   $ 110       $ 343       $ 595       $ 1,317   

Class L

   $ 125       $ 390       $ 676       $ 1,489   

Class A

   $ 717       $ 1,016       $ 1,336       $ 2,242   

Class N

   $ 281       $ 560       $ 964       $ 2,095   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 181       $ 560       $ 964       $ 2,095   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier International Equity Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier International Equity Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class S      Class Y      Class L      Class A  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         5.75%   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class S      Class Y      Class L      Class A  

Management Fees

     .85%         .85%         .85%         .85%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         .25%   

Other Expenses

     .22%         .25%         .40%         .40%   

Total Annual Fund Operating Expenses

     1.07%         1.10%         1.25%         1.50%   

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 initial 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 S

   $ 109       $ 340       $ 590       $ 1,306   

Class Y

   $ 112       $ 350       $ 606       $ 1,340   

Class L

   $ 127       $ 397       $ 686       $ 1,511   

Class A

   $ 719       $ 1,022       $ 1,346       $ 2,263   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Focused International Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, Class L shares will be renamed to Administrative Class shares, and Class N shares will be renamed to Class R3 shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Focused International Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A      Class N  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         5.75%         None   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None         1.00%   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z     Class S      Class Y      Class L      Class A      Class N  

Management Fees

     .90%        .90%         .90%         .90%         .90%         .90%   

Distribution and Service (Rule 12b-1) Fees

     None        None         None         None         .25%         .50%   

Other Expenses

     .16%        .25%         .35%         .50%         .50%         .65%   

Total Annual Fund Operating Expenses

     1.06%        1.15%         1.25%         1.40%         1.65%         2.05%   


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 initial 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 Z

   $ 108       $ 337       $ 585       $ 1,294   

Class S

   $ 117       $ 365       $ 633       $ 1,398   

Class Y

   $ 127       $ 397       $ 686       $ 1,511   

Class L

   $ 143       $ 443       $ 766       $ 1,680   

Class A

   $ 733       $ 1,065       $ 1,420       $ 2,417   

Class N

   $ 308       $ 643       $ 1,103       $ 2,379   

Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares:

 

Class N

   $ 208       $ 643       $ 1,103       $ 2,379   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 

14-01


MASSMUTUAL PREMIER FUNDS

MassMutual Premier Strategic Emerging Markets Fund

Supplement dated February 3, 2014 to the

Summary Prospectus dated February 3, 2014

Effective April 1, 2014, MML Investment Advisers, LLC (“MML Advisers”) will replace Massachusetts Mutual Life Insurance Company (“MassMutual”) as the Fund’s investment adviser. MassMutual (and not MML Advisers) will serve as investment adviser to the Fund until that date.

Effective April 1, 2014, Class Z shares will be renamed to Class I shares, Class S shares will be renamed to Class R5 shares, Class Y shares will be renamed to Service Class shares, and Class L shares will be renamed to Administrative Class shares.

On April 1, 2014, certain fees and expenses of the Fund are expected to change. The fee and expense information set out below reflects the fees and expenses of the Fund presented on the basis that the Fund’s current expenses will be in effect for the entirety of the current year. The information contained in the summary prospectus is presented on the basis of the fees and expenses that are expected to become effective on April 1, 2014.

MassMutual Premier Strategic Emerging Markets Fund

Shareholder Fees (fees paid directly from your investment)

 

       Class Z      Class S      Class Y      Class L      Class A  

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

     None         None         None         None         5.75%   

Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)

     None         None         None         None         None   

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

 

       Class Z      Class S      Class Y      Class L      Class A  

Management Fees

     1.05%         1.05%         1.05%         1.05%         1.05%   

Distribution and Service (Rule 12b-1) Fees

     None         None         None         None         .25%   

Other Expenses

     .18%         .34%         .44%         .59%         .59%   

Total Annual Fund Operating Expenses

     1.23%         1.39%         1.49%         1.64%         1.89%   

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 initial 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 Z

   $ 125       $ 390       $ 676       $ 1,489   

Class S

   $ 142       $ 440       $ 761       $ 1,669   

Class Y

   $ 152       $ 471       $ 813       $ 1,779   

Class L

   $ 167       $ 517       $ 892       $ 1,944   

Class A

   $ 756       $ 1,135       $ 1,538       $ 2,659   

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

14-01

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