MASSMUTUAL SELECT FUNDS Form 485BPOS Filed 2013-09-16
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SECURITIES AND EXCHANGE COMMISSION FORM 485BPOS Post-effective amendments [Rule 485(b)] Filing Date: 2013-09-16 SEC Accession No. 0001193125-13-367822 (HTML Version on secdatabase.com) FILER MASSMUTUAL SELECT FUNDS Mailing Address Business Address 1295 STATE ST 1295 STATE ST CIK:916053| IRS No.: 000000000 | State of Incorp.:MA | Fiscal Year End: 1231 SPRINGFIELD MA 01111 SPRINGFIELD MA 01111 Type: 485BPOS | Act: 33 | File No.: 033-73824 | Film No.: 131098747 4137888411 MASSMUTUAL SELECT FUNDS Mailing Address Business Address 1295 STATE ST 1295 STATE ST CIK:916053| IRS No.: 000000000 | State of Incorp.:MA | Fiscal Year End: 1231 SPRINGFIELD MA 01111 SPRINGFIELD MA 01111 Type: 485BPOS | Act: 40 | File No.: 811-08274 | Film No.: 131098748 4137888411 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-1A REGISTRATION STATEMENT (NO. 33-73824) UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. Post-Effective Amendment No. 76 and REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Investment Company Act File No. 811-8274 Amendment No. 78 MASSMUTUAL SELECT FUNDS (Exact Name of Registrant as Specified in Declaration of Trust) 100 Bright Meadow Blvd., Enfield, CT 06082 (860) 562-1000 Name and Address of Agent for Service Andrew M. Goldberg, Esq. Vice President, Secretary, and Chief Legal Officer MassMutual Select Funds 100 Bright Meadow Blvd. Enfield, CT 06082 Copy to: Timothy W. Diggins, Esq. Ropes & Gray LLP The Prudential Tower 800 Boylston Street Boston, MA 02199-3600 It is proposed that this filing become effective on September 16, 2013 pursuant to paragraph (b) of rule 485. TO THE SECURITIES AND EXCHANGE COMMISSION: Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Registrant submits this Post-Effective Amendment No. 76 to its Registration Statement No. 33-73824 under the Securities Act of 1933 and this Amendment No. 78 to its Registration Statement No. 811-8274 under the Investment Company Act of 1940. This Post- Effective Amendment relates only to the MassMutual RetireSMARTSM 2055 Fund. No other information relating to any other series of the Registrant is amended or superceded hereby. Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents MASSMUTUAL SELECT FUNDS This Prospectus describes the following Fund: Fund Name Class S Class Y Class L Class A MassMutual RetireSMARTSM 2055 Fund MMWSX MMWYX MMWLX MMWAX The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any statement to the contrary is a crime. PROSPECTUS September 16, 2013 1 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Table Of Contents Page About the Fund MassMutual RetireSMARTSM 2055 Fund 4 Additional Information Regarding Investment Objective and Principal Investment Strategies 10 Disclosure of Portfolio Holdings 14 Additional Information Regarding Principal Risks 14 Management of the Fund Investment Adviser 25 About the Classes of Shares Class S, Y, L, and A Shares 26 Sales Charges by Class 27 Sales Charge Waivers by Class 29 Distribution Plans and Payments to Intermediaries 30 Buying, Redeeming, and Exchanging Shares 31 Cost Basis Reporting 32 Frequent Trading Policies 32 Determining Net Asset Value 33 Taxation and Distributions 34 2 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents [THIS PAGE INTENTIONALLY LEFT BLANK] Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents MassMutual RetireSMARTSM 2055 Fund INVESTMENT OBJECTIVE The Fund seeks to achieve as high a total rate of return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. For Class A shares, you may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in MassMutual funds. More information about these and other discounts is available in the section titled Sales Charges by Class on page 27 of the Funds Prospectus or from your financial professional. 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 .05% .05% .05% .05% Distribution and Service (Rule 12b-1) Fees None None None .25% Other Expenses(1) 7.32% 7.42% 7.52% 7.52% Acquired Fund Fees and Expenses(1) .69% .69% .69% .69% Total Annual Fund Operating Expenses 8.06% 8.16% 8.26% 8.51% Expense Reimbursement (7.14%) (7.19%) (7.19%) (7.19%) Total Annual Fund Operating Expenses after Expense Reimbursement(2) .92% .97% 1.07% 1.32% (1) Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year of the Fund. (2) The expenses in the above table reflect a written agreement by MassMutual to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through March 31, 2015, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .23%, .28%, .38%, and .63% for Classes S, Y, L, and A, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 4 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 Funds 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 Class S $94 $1,721 Class Y $99 $1,743 Class L $109 $1,771 Class A $702 $2,307 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Funds performance. INVESTMENTS, RISKS, AND PERFORMANCE Principal Investment Strategies The Fund is a fund of funds and seeks to achieve its investment objective by investing in a combination of domestic and international mutual funds sponsored by MassMutual or its affiliates (Underlying Funds) using an asset allocation strategy designed for investors expecting to retire at age 65 around the year 2055 and likely to stop making new investments in the Fund at or around that time. Underlying Funds can include MassMutual Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Select Funds, MassMutual Premier Funds (which are advised by MassMutual), and Oppenheimer Funds (which are advised by OFI Global Asset Management, Inc. (OFI Global), a majority owned, indirect subsidiary of MassMutual). The Underlying Funds may invest in various asset classes, including equity securities, fixed income securities, and money market instruments. Underlying Funds may also invest some or all of their assets in commodities or commodities-related investments. The Fund is designed for an investor who plans to withdraw the value of the investors account in the Fund gradually after an assumed retirement date around 2055. The Funds assets are allocated among Underlying Funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 50% in equity and similar funds and 50% in fixed income funds, including money market funds, in 2055, and approximately 35% in equity and similar funds and 65% in fixed income funds, including money market funds, approximately fifteen years after that (2070). As the Fund reaches the assumed retirement date stated in the Funds name, and to the extent investors redeem shares of the Fund, the Funds annual fund operating expenses may increase because certain fixed costs of the Fund would be shared by a smaller pool of assets. The table below shows the Funds approximate allocation, as of September 16, 2013, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets.