Beginning April 28, fund changes will impact our life insurance, worksite, and institutional products before May 1 and require new materials.
Fund substitutions and additions effective April 25
After close of the New York Stock Exchange on Friday, April 25, subject to Security and Exchange Commission (SEC) approval, MassMutual will implement six fund substitutions, impacting approximately 25 variable products - variable life insurance, worksite and institutional business.
Review the Q&A fund substitution May 2025 for more information.
- Invesco V.I. Global will be replaced by MML Global; applies to products where Invesco V.I. Global and MML Global are part of the product’s fund lineup.
- MML Dynamic Bond will be replaced by MML Managed Bond.
- MML Equity Rotation will be replaced by MML Large Cap Growth.
- MML Fundamental Value will be replaced by MML Equity Income.
- MML High Yield will be replaced by MML Managed Bond
- MML Strategic Emerging Markets will be replaced by MML International Equity.
Prospectus supplements will be filed with the SEC and mailed to impacted clients the week of March 17; see each product's prospectus supplement for substitutions and fund additions impacting that product.
Fund subadviser changes effective Friday, April 25
- MML Equity Index Fund—BlackRock Advisors, LLC will replace Northern Trust Investments, Inc.
- MML Global Fund—Invesco Advisers, Inc. will replace Massachusetts Financial Services Company.
- MML Mid Cap Growth Fund—Wellington Management Company LLP won’t remain a subadviser. T. Rowe Price Associates, Inc. will remain as the sole subadviser.
Fund name changes effective Monday, April 28
- Invesco V.I. Capital Appreciation Fund will be renamed Invesco V.I. Discovery Large Cap Fund.
Transition to new paperwork for fund substitutions and additions, and subadviser and name changes
- Life New Business will accept old versions of forms until June 30, 2025; however, if new funds are chosen, the revised (0425) forms must be submitted. Beginning July 1, 2025, the revised (0425) version of forms will be required.
Citation
You must be a registered representative of a broker-dealer to solicit business for, discuss, or sell these variable products. If you are not registered with MML Investors Services, LLC, then your broker-dealer must have a selling agreement with MML Strategic Distributors, LLC.
Insurance products issued by Massachusetts Mutual Life Insurance Company (“MassMutual”), C.M. Life Insurance Company, and MML Bay State Life Insurance Company: Springfield, MA 01111-0001.
Principal underwriters: MML Strategic Distributors, LLC; MML Distributors, LLC; and MML Investors Services, LLC, which are subsidiaries of MassMutual.
