MassMutual Capital Vantage®

Underlying Fund Disclosure Documents

Fund order does not imply relative risk and return potential.

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

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

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

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

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

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

BLACKROCK VARIABLE SERIES FUNDS, INC.

BlackRock 60/40 Target Allocation ETF V.I. Fund (Class III)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

FIDELITY® VARIABLE INSURANCE PRODUCTS FUND

Fidelity® VIP Contrafund® Portfolio (Service Class 2)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

IVY VARIABLE INSURANCE PORTFOLIOS

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

MML SERIES INVESTMENT FUND

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

MML SERIES INVESTMENT FUND II

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

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

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

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

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

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

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

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

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

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

MML Special Situations Fund (Service Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Strategic Emerging Markets Fund (Service Class I)
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


* Individual Fund Footnotes:
Formerly known as Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund
Formerly known as Invesco Oppenheimer V.I. Global Fund
Formerly known as Invesco Oppenheimer V.I. Global Strategic Income Fund
Formerly known as Invesco Oppenheimer V.I. Main Street Fund
Formerly known as IVY VIP Asset Strategy
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.
 

Before purchasing a MassMutual variable annuity, you should carefully consider the investment objectives, risks, charges and expenses of the annuity. For this and other information, obtain the prospectus for the annuity from your registered representative. Please read the prospectus carefully before investing or sending money. You may also obtain the prospectuses (or summary prospectuses, if available) for the annuity’s underlying investment choices from your registered representative.

MassMutual Capital Vantage® Variable Annuity [Contract Form #FPVDA15-NVA and ICC15-FPVDA15-NVA; ICC15-FPVDA15-NVA in North Carolina] is a flexible premium deferred variable annuity contract issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Principal Underwriters: MML Strategic Distributors, LLC and MML Investors Services, LLC, Members FINRA and SIPC (www.FINRA.org and www.SIPC.org); MML Strategic Distributors, LLC and MML Investors Services, LLC 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