Liquidation: MassMutual Advantage Funds

Form Type: 497

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925026052

Filing Summary: On March 20, 2025, a supplement was issued for the MassMutual Emerging Markets Debt Blended Total Return Fund, indicating that effective March 14, 2025, the fund was dissolved following a Plan of Liquidation and Termination approved by the Board of Trustees. Shareholders were to receive proceeds proportional to their respective classes of shares held at the time of termination.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925026057

Filing Summary: On March 20, 2025, a supplement to the Prospectus for the MassMutual Emerging Markets Debt Blended Total Return Fund was released, detailing that the Fund was dissolved as part of a Plan of Liquidation and Termination approved by the Board of Trustees. The effective Termination Date was March 14, 2025. Shareholders received proceeds proportional to the shares they held on the Termination Date. This information is essential and should be retained alongside the Prospectus and Summary Prospectus dated February 1, 2025.

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Form Type: 497K

Filing Date: 2025-01-31

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925008054

Filing Summary: The MassMutual Advantage Funds' Board of Trustees has sanctioned a Plan of Liquidation and Termination for the MassMutual Emerging Markets Debt Blended Total Return Fund, paving the way for its dissolution, which is anticipated to occur around March 14, 2025. Shareholders will receive liquidated proceeds corresponding to their shareholdings on the Termination Date. Following January 1, 2025, the Fund will cease to be available to new investors, yet existing investors can still contribute until the Termination Date. Furthermore, contingent deferred sales charges on redemptions of Fund shares shall be waived beginning February 12, 2025. The Fund’s investment objective is to secure maximum total return while prioritizing capital preservation and judicious management, primarily focusing on high current income generation and possible capital appreciation. The Fund invests predominantly in debt securities and has an operating expense cap agreed to by the management until January 31, 2026. This Fund's performance, investment strategies, associated risks of investing in emerging markets, and specific fee structures have also been explained thoroughly, providing potential investors with critical insights into their investment decisions.

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