Apex VULSM

Underlying Fund Disclosure Documents1:
Select any fund name below to view the fund’s Summary Prospectus (if available), Prospectus, Statement of Additional Information, Annual/Semiannual Reports, or additional information if noted.
Please note that any fund summary prospectuses, and hyperlinks provided between the summary prospectuses and other fund documents, are provided here for the convenience of MassMutual's customers. Additional information about a fund, including the information a fund is required to make available to you in connection with its use of a summary prospectus, can be found at the website address provided in each summary prospectus.

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. Global Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. Global Strategic Income Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. International Growth Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. Main Street Fund® (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
PPortfolio Holdings: Q1 | Q3

BLACKROCK VARIABLE SERIES FUNDS

BlackRock Small Cap Index V.I. Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

FIDELITY® VARIABLE INSURANCE PRODUCTS FUND II

Fidelity® VIP Contrafund® Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Extended Market Index Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP International Index Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Total Market Index Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

FIDELITY® VARIABLE INSURANCE PRODUCTS FUND V

Fidelity® VIP Bond Index Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

IVY VARIABLE INSURANCE PORTFOLIOS

Ivy VIP Asset Strategy (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML SERIES INVESTMENT FUND

MML Aggressive Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML American Funds Core Allocation Fund (Service Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML American Funds Growth Fund (Service Class I) *
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

- American Funds Insurance Series® Growth Fund (Class 1)*

MML American Funds International Fund (Service Class I) *
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

- American Funds Insurance Series® International Fund (Class 1)*

MML Balanced Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Blue Chip Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Conservative Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Equity Income Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Equity Index Fund (Class III)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Focused Equity Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Foreign Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Fundamental Equity Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Fundamental Value Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Global Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Growth & Income Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Growth Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Income & Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML International Equity Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Large Cap Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Managed Volatility Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Mid Cap Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Mid Cap Value Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Moderate Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small Cap Growth Equity Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small Company Value Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small/Mid Cap Value Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Total Return Bond Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML SERIES INVESTMENT FUND II

MML Blend Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information | Information Statement |
Portfolio Holdings: Q1 | Q3

MML Dynamic Bond Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Equity Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML High Yield Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Inflation-Protected and Income Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Managed Bond Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Short-Duration Bond Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small Cap Equity Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Strategic Emerging Markets Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML U.S. Government Money Market Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information

VANGUARD VARIABLE INSURANCE FUNDS

Vanguard VIF Global Bond Index Portfolio
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Vanguard VIF Mid-Cap Index Portfolio
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Vanguard VIF Real Estate Index Portfolio
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

1 Fund order does not imply relative risk and return potential.

* Individual Fund Footnotes:
The MML American Funds Growth Fund invests all of its assets in Class 1 shares of the American Funds Insurance Series® - Growth Fund. The American Funds Insurance Series® - Growth Fund is not available directly as investment choice under your MassMutual variable product. You should read the MML American Funds® Growth Fund prospectus in conjunction with the respective American Funds Insurance Series® - Growth Fund prospectus.
The MML American Funds International Fund invests all of its assets in Class 1 shares of the American Funds Insurance Series® – International Fund. The American Funds Insurance Series® - International Fund is not available directly as investment choice under your MassMutual variable product. You should read the MML American Funds® International Fund prospectus in conjunction with the respective American Funds Insurance Series® – International Fund prospectus.

The product and/or certain features may not be available in all states.

Sales of all variable life insurance products must be preceded or accompanied by the current prospectuses for the products and their investment choices, which contain more information on charges, expenses, risks, and investment objectives. Please read them carefully before you invest or send money. These prospectuses are available through the above links. Contact your registered representative if you have any questions.

Apex Variable Universal LifeSM (MMVUL-2020 and ICC20-MMVUL in certain states, including North Carolina) is non-participating flexible premium adjustable variable life insurance issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Principal Underwriters: MML Strategic Distributors, LLC. and MML Investors Services, Members FINRA and SIPC (www.FINRA.org and www.SIPC.org) MML Strategic Distributors, LLC. and MML Investors Services are subsidiaries of Massachusetts Mutual Life Insurance Company, 1295 State Street, Springfield, MA 01111-0001.

Not FDIC/NCUA Insured Not a Bank Deposit Not Bank Guaranteed
May Lose Value Not Insured by Any Federal Government Agency