MML SERIES INVESTMENT FUND
(the “Trust”)
1295 State Street
Springfield, MA 01111-0001
MML VIP JPMorgan U.S. Research Enhanced Equity Fund
(the “Fund”)
INFORMATION STATEMENT
July 13, 2026
Important Notice Regarding the Availability of this Information Statement
This Information Statement is available at
https://www.massmutual.com/product-performance/variable-insurance-funds
The Trustees of the MML Series Investment Fund (the “Trustees”) are distributing this Information Statement in connection with a new investment subadvisory agreement for the Fund (the “New Subadvisory Agreement”) between MML Investment Advisers, LLC (in its capacity as investment adviser to the Fund, the “Adviser” or “MML Advisers”) and J.P. Morgan Investment Management Inc. (“J.P. Morgan”). This Information Statement explains why the Trustees approved (i) the termination of the Investment Subadvisory Agreement between the Adviser and Gateway Investment Advisers, LLC (“Gateway”) with respect to the Fund (the “Prior Subadvisory Agreement”), and (ii) the Adviser’s entering into the New Subadvisory Agreement with J.P. Morgan with respect to the Fund. In addition, this Information Statement describes generally the terms of the New Subadvisory Agreement. This Information Statement is being delivered to shareholders of record as of June 24, 2026 on or about July 13, 2026.
As required by an Exemptive Order that MML Advisers has received from the Securities and Exchange Commission (the “SEC”) to permit the Adviser to change subadvisers or hire new subadvisers for one or more funds from time to time without obtaining shareholder approval, subject to approval by a fund’s shareholders of this arrangement, the Fund is distributing this Information Statement solely for your information. WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
Termination of the Prior Subadvisory Agreement and Trustee Approval of the
New Subadvisory Agreement
At a meeting of the Trustees held on March 31-April 1, 2026, the Trustees, including a majority of the Trustees who are not “interested persons” as such term is defined in the Investment Company Act of 1940, as amended (“Independent Trustees”), approved (i) the termination of the Prior Subadvisory Agreement dated April 29, 2013 between Massachusetts Mutual Life Insurance Company (“MassMutual”) (assigned to MML Advisers on April 1, 2014) and Gateway on behalf of the Fund, such termination to take effect on April 23, 2026; and (ii) the New Subadvisory Agreement pursuant to which J.P. Morgan, an investment adviser registered with the SEC, would provide certain investment advisory services with respect to the Fund. In reaching this decision, the Trustees considered, among other factors, (a) MML Advisers’ view that repositioning the Fund from its managed-volatility structure to a U.S. Research Enhanced Index (“REI”) strategy would improve the Fund’s long-term strategic fit within the product lineup and provide a more scalable and competitive investment offering; (b) J.P. Morgan’s investment capabilities and the historical performance of the REI strategy, including that, as of December 31, 2025, the J.P. Morgan REI Composite outperformed the Fund for the 1-, 3-, 5-, and 10-year trailing periods and in eight of the 10 calendar years from 2016 through 2025, outperformed the Morningstar Separate Accounts Large Blend category average for the 3-, 5-, and 10-year trailing periods and in eight of the past 10 calendar years, and outperformed the S&P 500 Index for the trailing 5- and 10- year periods; and (c) MML Advisers’ belief that the proposed subadviser change and related repositioning are in the best interest of shareholders.