VFC VF Corporation

MASSMUTUAL PREMIER FUNDS

Supplement dated February 25, 2013 to the

Prospectus dated February 1, 2013

This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements.

The following information pertains to the MassMutual Premier Diversified Bond Fund :

Effective immediately, Class N shares of the Diversified Bond Fund are no longer available.

Effective March 1, 2013, the following information replaces similar information for the Barings Dynamic Allocation Fund found in the table on page 47 in the section titled Principal Investment Strategies :

Effective March 1, 2013, the following information replaces similar information for the Barings Dynamic Allocation Fund found on page 48 in the first sentence of the ninth paragraph in the section titled Principal Investment Strategies :

Normally, 20% or less of the Fund’s total assets will be invested in or provide exposure to below investment grade securities rated Ba1 or below by Moody’s or BB+ or below by Standard & Poor’s, or if unrated, determined to be of comparable quality by the subadviser (using the lower rating) (“junk” or “high yield” bonds), including securities in default.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

B3000M-13-02

MASSMUTUAL PREMIER FUNDS

MassMutual Premier Diversified Bond Fund

Supplement dated February 25, 2013 to the

Summary Prospectus dated February 1, 2013

This supplement provides new and additional information beyond that contained in the Summary Prospectus. It should be retained and read in conjunction with the Summary Prospectus.

Effective immediately, Class N shares of the Fund are no longer available.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

13-01

MASSMUTUAL PREMIER FUNDS

MassMutual Barings Dynamic Allocation Fund

Supplement dated February 25, 2013 to the

Summary Prospectus dated February 1, 2013, revised as of February 8, 2013

This supplement provides new and additional information beyond that contained in the Summary Prospectus. It should be retained and read in conjunction with the Summary Prospectus.

Effective March 1, 2013, the following information replaces similar information found in the table in the section titled Principal Investment Strategies :

Effective March 1, 2013, the following information replaces similar information found in the first sentence of the ninth paragraph in the section titled Principal Investment Strategies :

Normally, 20% or less of the Fund’s total assets will be invested in or provide exposure to below investment grade securities rated Ba1 or below by Moody’s or BB+ or below by Standard & Poor’s, or if unrated, determined to be of comparable quality by the subadviser (using the lower rating) (“junk” or “high yield” bonds), including securities in default.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

13-01

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