MML Conservative Allocation Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 39.7% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 820,093 | $ | 11,514,099 | |||||
MML Equity Income Fund, Initial Class (a) | 1,179,563 | 10,568,881 | ||||||
MML Focused Equity Fund, Class II (a) | 2,105,637 | 13,728,751 | ||||||
MML Foreign Fund, Initial Class (a) | 607,462 | 5,248,472 | ||||||
MML Fundamental Equity Fund, Class II (a) | 751,988 | 6,910,771 | ||||||
MML Fundamental Value Fund, Class II (a) | 823,527 | 9,132,920 | ||||||
MML Global Fund, Class I (a) | 1,385,103 | 5,304,944 | ||||||
MML Income & Growth Fund, Initial Class (a) | 354,077 | 3,246,886 | ||||||
MML International Equity Fund, Class II (a) | 1,515,029 | 14,014,015 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 642,231 | 7,822,368 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 678,926 | 6,531,273 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 772,014 | 5,527,623 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 41,626 | 362,759 | ||||||
MML Small Company Value Fund, Class II (a) | 383,661 | 2,854,437 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 184,294 | 1,439,336 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 470,091 | 2,336,354 | ||||||
106,543,889 | ||||||||
Fixed Income Funds — 60.4% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 1,402,918 | 5,639,730 | ||||||
MML Dynamic Bond Fund, Class II (a) | 4,126,246 | 32,556,078 | ||||||
MML High Yield Fund, Class II (a) | 96,502 | 775,874 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 874,809 | 7,269,666 | ||||||
MML Managed Bond Fund, Initial Class (a) | 5,143,434 | 51,992,276 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 1,664,644 | 14,399,170 | ||||||
MML Total Return Bond Fund, Class II (a) | 5,451,350 | 45,736,824 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 517,898 | 3,682,254 | ||||||
162,051,872 | ||||||||
TOTAL MUTUAL FUNDS (Cost $321,456,075) | 268,595,761 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $321,456,075) | 268,595,761 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $321,456,075) (c) | 268,595,761 | |||||||
Other Assets/(Liabilities) — (0.1)% | (271,882) | |||||||
NET ASSETS — 100.0% | $ | 268,323,879 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Balanced Allocation Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 49.7% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 1,102,036 | $ | 15,472,586 | |||||
MML Equity Income Fund, Initial Class (a) | 1,578,658 | 14,144,778 | ||||||
MML Focused Equity Fund, Class II (a) | 4,006,123 | 26,119,923 | ||||||
MML Foreign Fund, Initial Class (a) | 823,402 | 7,114,195 | ||||||
MML Fundamental Equity Fund, Class II (a) | 1,130,305 | 10,387,506 | ||||||
MML Fundamental Value Fund, Class II (a) | 1,034,890 | 11,476,929 | ||||||
MML Global Fund, Class I (a) | 2,139,866 | 8,195,687 | ||||||
MML Income & Growth Fund, Initial Class (a) | 847,816 | 7,774,470 | ||||||
MML International Equity Fund, Class II (a) | 2,239,313 | 20,713,646 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 921,620 | 11,225,333 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 854,134 | 8,216,773 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 1,159,325 | 8,300,765 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 76,215 | 664,191 | ||||||
MML Small Company Value Fund, Class II (a) | 457,605 | 3,404,584 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 255,989 | 1,999,274 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 636,861 | 3,165,200 | ||||||
158,375,840 | ||||||||
Fixed Income Funds — 50.4% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 1,404,007 | 5,644,107 | ||||||
MML Dynamic Bond Fund, Class II (a) | 4,061,115 | 32,042,201 | ||||||
MML High Yield Fund, Class II (a) | 100,224 | 805,799 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,021,599 | 8,489,485 | ||||||
MML Managed Bond Fund, Initial Class (a) | 5,118,711 | 51,742,358 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 1,507,648 | 13,041,154 | ||||||
MML Total Return Bond Fund, Class II (a) | 5,390,738 | 45,228,296 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 532,440 | 3,785,652 | ||||||
160,779,052 | ||||||||
TOTAL MUTUAL FUNDS (Cost $373,681,896) | 319,154,892 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $373,681,896) | 319,154,892 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $373,681,896) (c) | 319,154,892 | |||||||
Other Assets/(Liabilities) — (0.1)% | (326,400) | |||||||
NET ASSETS — 100.0% | $ | 318,828,492 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Moderate Allocation Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 59.8% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 4,643,208 | $ | 65,190,634 | |||||
MML Equity Income Fund, Initial Class (a) | 6,219,833 | 55,729,707 | ||||||
MML Focused Equity Fund, Class II (a) | 15,793,995 | 102,976,849 | ||||||
MML Foreign Fund, Initial Class (a) | 3,433,400 | 29,664,575 | ||||||
MML Fundamental Equity Fund, Class II (a) | 4,759,328 | 43,738,225 | ||||||
MML Fundamental Value Fund, Class II (a) | 5,229,367 | 57,993,678 | ||||||
MML Global Fund, Class I (a) | 8,614,785 | 32,994,628 | ||||||
MML Income & Growth Fund, Initial Class (a) | 3,145,553 | 28,844,717 | ||||||
MML International Equity Fund, Class II (a) | 9,447,309 | 87,387,606 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 4,303,462 | 52,416,165 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 4,126,141 | 39,693,477 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 4,229,019 | 30,279,776 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 952,394 | 8,299,836 | ||||||
MML Small Company Value Fund, Class II (a) | 2,280,759 | 16,968,845 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 1,252,395 | 9,781,209 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 2,640,883 | 13,125,188 | ||||||
675,085,115 | ||||||||
Fixed Income Funds — 40.3% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 3,404,001 | 13,684,084 | ||||||
MML Dynamic Bond Fund, Class II (a) | 11,559,320 | 91,203,034 | ||||||
MML High Yield Fund, Class II (a) | 368,994 | 2,966,710 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 2,381,519 | 19,790,421 | ||||||
MML Managed Bond Fund, Initial Class (a) | 14,363,088 | 145,188,916 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 4,807,049 | 41,580,974 | ||||||
MML Total Return Bond Fund, Class II (a) | 15,242,945 | 127,888,312 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 1,709,609 | 12,155,318 | ||||||
454,457,769 | ||||||||
TOTAL MUTUAL FUNDS (Cost $1,334,367,840) | 1,129,542,884 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $1,334,367,840) | 1,129,542,884 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $1,334,367,840) (c) | 1,129,542,884 | |||||||
Other Assets/(Liabilities) — (0.1)% | (1,009,050) | |||||||
NET ASSETS — 100.0% | $ | 1,128,533,834 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Growth Allocation Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 74.8% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 4,829,977 | $ | 67,812,884 | |||||
MML Equity Income Fund, Initial Class (a) | 5,802,608 | 51,991,366 | ||||||
MML Focused Equity Fund, Class II (a) | 14,460,523 | 94,282,607 | ||||||
MML Foreign Fund, Initial Class (a) | 3,219,515 | 27,816,608 | ||||||
MML Fundamental Equity Fund, Class II (a) | 5,237,593 | 48,133,484 | ||||||
MML Fundamental Value Fund, Class II (a) | 4,545,546 | 50,410,110 | ||||||
MML Global Fund, Class I (a) | 8,363,527 | 32,032,309 | ||||||
MML Income & Growth Fund, Initial Class (a) | 4,528,959 | 41,530,551 | ||||||
MML International Equity Fund, Class II (a) | 8,825,004 | 81,631,287 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 4,241,035 | 51,655,809 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 3,797,006 | 36,527,199 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 4,190,292 | 30,002,489 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 859,870 | 7,493,522 | ||||||
MML Small Company Value Fund, Class II (a) | 2,635,550 | 19,608,488 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 1,076,586 | 8,408,137 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 2,561,781 | 12,732,052 | ||||||
662,068,902 | ||||||||
Fixed Income Funds — 25.3% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 2,523,500 | 10,144,471 | ||||||
MML Dynamic Bond Fund, Class II (a) | 5,457,710 | 43,061,333 | ||||||
MML High Yield Fund, Class II (a) | 476,285 | 3,829,333 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,500,988 | 12,473,209 | ||||||
MML Managed Bond Fund, Initial Class (a) | 6,832,126 | 69,062,374 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 2,476,333 | 21,420,278 | ||||||
MML Total Return Bond Fund, Class II (a) | 6,778,684 | 56,873,160 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 1,061,223 | 7,545,295 | ||||||
224,409,453 | ||||||||
TOTAL MUTUAL FUNDS (Cost $1,038,574,695) | 886,478,355 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $1,038,574,695) | 886,478,355 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $1,038,574,695) (c) | 886,478,355 | |||||||
Other Assets/(Liabilities) — (0.1)% | (681,981) | |||||||
NET ASSETS — 100.0% | $ | 885,796,374 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Aggressive Allocation Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 90.1% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 837,634 | $ | 11,760,375 | |||||
MML Equity Income Fund, Initial Class (a) | 938,834 | 8,411,956 | ||||||
MML Focused Equity Fund, Class II (a) | 2,508,741 | 16,356,990 | ||||||
MML Foreign Fund, Initial Class (a) | 490,225 | 4,235,548 | ||||||
MML Fundamental Equity Fund, Class II (a) | 784,383 | 7,208,484 | ||||||
MML Fundamental Value Fund, Class II (a) | 733,968 | 8,139,700 | ||||||
MML Global Fund, Class I (a) | 1,300,770 | 4,981,949 | ||||||
MML Income & Growth Fund, Initial Class (a) | 467,220 | 4,284,404 | ||||||
MML International Equity Fund, Class II (a) | 1,465,757 | 13,558,249 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 746,641 | 9,094,082 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 725,051 | 6,974,994 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 730,667 | 5,231,573 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 167,709 | 1,461,535 | ||||||
MML Small Company Value Fund, Class II (a) | 401,000 | 2,983,443 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 161,559 | 1,261,775 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 354,757 | 1,763,143 | ||||||
107,708,200 | ||||||||
Fixed Income Funds — 10.0% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 242,718 | 975,727 | ||||||
MML Dynamic Bond Fund, Class II (a) | 263,864 | 2,081,884 | ||||||
MML High Yield Fund, Class II (a) | 19,757 | 158,846 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 22,804 | 189,501 | ||||||
MML Managed Bond Fund, Initial Class (a) | 350,952 | 3,547,594 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 241,295 | 2,087,198 | ||||||
MML Total Return Bond Fund, Class II (a) | 249,505 | 2,093,350 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 106,830 | 759,558 | ||||||
11,893,658 | ||||||||
TOTAL MUTUAL FUNDS (Cost $141,714,960) | 119,601,858 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $141,714,960) | 119,601,858 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $141,714,960) (c) | 119,601,858 | |||||||
Other Assets/(Liabilities) — (0.1)% | (129,538) | |||||||
NET ASSETS — 100.0% | $ | 119,472,320 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds Growth Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 100.1% | ||||||||
American Funds Insurance Series Growth Fund, Class 1 | 2,533,436 | $ | 220,510,310 | |||||
TOTAL MUTUAL FUNDS (Cost $219,176,993) | 220,510,310 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $219,176,993) (a) | 220,510,310 | |||||||
Other Assets/(Liabilities) — (0.1)% | (284,343) | |||||||
NET ASSETS — 100.0% | $ | 220,225,967 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds Core Allocation Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 65.0% | ||||||||
American Funds Insurance Series® Growth-Income Fund, Class 1 | 3,229,590 | $ | 171,135,974 | |||||
American Funds Insurance Series® International Fund, Class 1 | 4,658,107 | 75,042,105 | ||||||
American Funds Insurance Series® Washington Mutual Investors Fund, Class 1 | 13,064,273 | 172,709,683 | ||||||
418,887,762 | ||||||||
Fixed Income Funds — 35.1% | ||||||||
American Funds Insurance Series® The Bond Fund Of America, Class 1 | 24,529,809 | 226,164,842 | ||||||
TOTAL MUTUAL FUNDS (Cost $680,115,321) | 645,052,604 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $680,115,321) | 645,052,604 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $680,115,321) (a) | 645,052,604 | |||||||
Other Assets/(Liabilities) — (0.1)% | (812,592) | |||||||
NET ASSETS — 100.0% | $ | 644,240,012 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML Blue Chip Growth Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.2% | ||||||||
COMMON STOCK — 99.0% | ||||||||
Basic Materials — 0.9% | ||||||||
Chemicals — 0.9% | ||||||||
Linde PLC (LIN US) | 5,326 | $ | 1,983,136 | |||||
Sherwin-Williams Co. | 7,180 | 1,831,259 | ||||||
3,814,395 | ||||||||
Communications — 25.4% | ||||||||
Internet — 24.4% | ||||||||
Alphabet, Inc. Class A (a) | 49,062 | 6,420,253 | ||||||
Alphabet, Inc. Class C (a) | 216,556 | 28,552,908 | ||||||
Amazon.com, Inc. (a) | 249,764 | 31,750,000 | ||||||
Booking Holdings, Inc. (a) | 1,251 | 3,858,021 | ||||||
DoorDash, Inc., Class A (a) | 12,349 | 981,375 | ||||||
Meta Platforms, Inc. Class A (a) | 67,499 | 20,263,875 | ||||||
Netflix, Inc. (a) | 14,241 | 5,377,402 | ||||||
Sea Ltd. ADR (a) | 21,962 | 965,230 | ||||||
Shopify, Inc. Class A (a) | 39,340 | 2,146,784 | ||||||
100,315,848 | ||||||||
Telecommunications — 1.0% | ||||||||
T-Mobile US, Inc. (a) | 29,731 | 4,163,827 | ||||||
104,479,675 | ||||||||
Consumer, Cyclical — 6.3% | ||||||||
Apparel — 0.3% | ||||||||
NIKE, Inc. Class B | 12,402 | 1,185,879 | ||||||
Auto Manufacturers — 2.9% | ||||||||
Tesla, Inc. (a) | 47,567 | 11,902,215 | ||||||
Retail — 3.1% | ||||||||
Carvana Co. (a) | 21,500 | 902,570 | ||||||
Chipotle Mexican Grill, Inc. (a) | 2,015 | 3,691,138 | ||||||
Dollar General Corp. | 14,548 | 1,539,178 | ||||||
Lululemon Athletica, Inc. (a) | 5,204 | 2,006,714 | ||||||
Ross Stores, Inc. | 21,820 | 2,464,569 | ||||||
TJX Cos., Inc. | 22,271 | 1,979,447 | ||||||
12,583,616 | ||||||||
25,671,710 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Consumer, Non-cyclical — 14.2% | ||||||||
Commercial Services — 1.0% | ||||||||
Adyen NV ADR (a) | 87,050 | $ | 644,170 | |||||
Affirm Holdings, Inc. (a) (b) | 12,998 | 276,468 | ||||||
Ant Group Balance Owed 2023 (Acquired 8/14/23, Cost $280,322) (a) (c) (d) (e) | 280,322 | 274,491 | ||||||
Cintas Corp. | 1,599 | 769,135 | ||||||
S&P Global, Inc. | 5,723 | 2,091,241 | ||||||
4,055,505 | ||||||||
Food — 0.3% | ||||||||
Mondelez International, Inc. Class A | 17,800 | 1,235,320 | ||||||
Health Care – Products — 4.3% | ||||||||
Align Technology, Inc. (a) | 1,374 | 419,510 | ||||||
Danaher Corp. | 12,584 | 3,122,090 | ||||||
Intuitive Surgical, Inc. (a) | 20,910 | 6,111,784 | ||||||
Stryker Corp. | 8,770 | 2,396,578 | ||||||
Teleflex, Inc. | 2,401 | 471,581 | ||||||
Thermo Fisher Scientific, Inc. | 10,490 | 5,309,723 | ||||||
17,831,266 | ||||||||
Health Care – Services — 4.6% | ||||||||
Elevance Health, Inc. | 3,750 | 1,632,825 | ||||||
Humana, Inc. | 6,157 | 2,995,504 | ||||||
UnitedHealth Group, Inc. | 28,739 | 14,489,916 | ||||||
19,118,245 | ||||||||
Pharmaceuticals — 4.0% | ||||||||
AstraZeneca PLC Sponsored ADR | 16,019 | 1,084,807 | ||||||
Eli Lilly & Co. | 23,835 | 12,802,493 | ||||||
Zoetis, Inc. | 13,909 | 2,419,888 | ||||||
16,307,188 | ||||||||
58,547,524 | ||||||||
Energy — 0.4% | ||||||||
Oil & Gas Services — 0.4% | ||||||||
Schlumberger NV | 26,600 | 1,550,780 | ||||||
Financial — 8.8% | ||||||||
Banks — 0.7% | ||||||||
Goldman Sachs Group, Inc. | 3,194 | 1,033,483 | ||||||
Morgan Stanley | 23,532 | 1,921,858 | ||||||
2,955,341 | ||||||||
Diversified Financial Services — 6.3% | ||||||||
Charles Schwab Corp. | 25,797 | 1,416,255 | ||||||
Mastercard, Inc. Class A | 28,675 | 11,352,719 | ||||||
Visa, Inc. Class A | 57,899 | 13,317,349 | ||||||
26,086,323 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Insurance — 1.8% | ||||||||
Chubb Ltd. | 21,299 | $ | 4,434,026 | |||||
Marsh & McLennan Cos., Inc. | 15,031 | 2,860,399 | ||||||
7,294,425 | ||||||||
36,336,089 | ||||||||
Industrial — 1.4% | ||||||||
Aerospace & Defense — 0.3% | ||||||||
TransDigm Group, Inc. (a) | 1,186 | 999,952 | ||||||
Electronics — 0.2% | ||||||||
TE Connectivity Ltd. | 5,983 | 739,080 | ||||||
Miscellaneous - Manufacturing — 0.5% | ||||||||
General Electric Co. | 19,069 | 2,108,078 | ||||||
Transportation — 0.4% | ||||||||
Old Dominion Freight Line, Inc. | 4,398 | 1,799,398 | ||||||
5,646,508 | ||||||||
Technology — 41.1% | ||||||||
Computers — 10.4% | ||||||||
Apple, Inc. | 243,653 | 41,715,830 | ||||||
Crowdstrike Holdings, Inc. Class A (a) | 3,918 | 655,795 | ||||||
Fortinet, Inc. (a) | 7,159 | 420,090 | ||||||
42,791,715 | ||||||||
Semiconductors — 9.4% | ||||||||
Advanced Micro Devices, Inc. (a) | 22,221 | 2,284,763 | ||||||
ASML Holding NV | 7,145 | 4,205,976 | ||||||
Lam Research Corp. | 1,170 | 733,321 | ||||||
Marvell Technology, Inc. | 20,063 | 1,086,010 | ||||||
Monolithic Power Systems, Inc. | 4,667 | 2,156,154 | ||||||
NVIDIA Corp. | 59,162 | 25,734,878 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 15,369 | 1,335,566 | ||||||
Texas Instruments, Inc. | 8,512 | 1,353,493 | ||||||
38,890,161 | ||||||||
Software — 21.3% | ||||||||
Atlassian Corp. Class A (a) | 7,797 | 1,571,174 | ||||||
Bill Holdings, Inc. (a) | 12,541 | 1,361,576 | ||||||
Canva, Inc. (Acquired 8/16/21-12/17/21, Cost $582,930) (a) (c) (d) (e) | 342 | 364,798 | ||||||
Confluent, Inc. Class A (a) | 18,846 | 558,030 | ||||||
Datadog, Inc. Class A (a) | 7,682 | 699,753 | ||||||
Fiserv, Inc. (a) | 7,763 | 876,909 | ||||||
Gusto, Inc. (Acquired 10/04/21, Cost $193,055) (a) (c) (d) (e) | 6,706 | 103,138 | ||||||
Intuit, Inc. | 10,003 | 5,110,933 | ||||||
Microsoft Corp. | 173,890 | 54,905,768 | ||||||
MongoDB, Inc. (a) | 6,530 | 2,258,466 | ||||||
MSCI, Inc. | 1,042 | 534,629 | ||||||
Roper Technologies, Inc. | 6,473 | 3,134,744 | ||||||
ServiceNow, Inc. (a) | 16,369 | 9,149,616 | ||||||
Snowflake, Inc. Class A (a) | 5,158 | 787,988 | ||||||
Synopsys, Inc. (a) | 11,189 | 5,135,415 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Veeva Systems, Inc. Class A (a) | 5,099 | $ | 1,037,392 | |||||
87,590,329 | ||||||||
169,272,205 | ||||||||
Utilities — 0.5% | ||||||||
Electric — 0.5% | ||||||||
Constellation Energy Corp. | 17,700 | 1,930,715 | ||||||
TOTAL COMMON STOCK (Cost $299,509,485) | 407,249,601 | |||||||
PREFERRED STOCK — 0.2% | ||||||||
Technology — 0.2% | ||||||||
Software — 0.2% | ||||||||
Canva, Inc., Series A (Acquired 11/04/21-12/17/21, Cost $37,502) (a) (c) (d) (e) | 22 | 23,467 | ||||||
Canva, Inc., Series A-3 (Acquired 12/17/21, Cost $3,408) (a) (c) (d) (e) | 2 | 2,133 | ||||||
Databricks, Inc., Series G (Acquired 2/01/21, Cost $172,224) (a) (c) (d) (e) | 2,913 | 214,106 | ||||||
Databricks, Inc., Series H (Acquired 8/31/21, Cost $542,974) (a) (c) (d) (e) | 7,389 | 543,092 | ||||||
Gusto, Inc., Series E (Acquired 7/13/21, Cost $254,865) (a) (c) (d) (e) | 8,385 | 128,961 | ||||||
911,759 | ||||||||
TOTAL PREFERRED STOCK (Cost $1,010,974) | 911,759 | |||||||
TOTAL EQUITIES (Cost $300,520,459) | 408,161,360 | |||||||
Principal Amount | ||||||||
BONDS & NOTES — 0.2% | ||||||||
CORPORATE DEBT — 0.2% | ||||||||
Retail — 0.2% | ||||||||
Carvana Co. | ||||||||
12.000% 12/01/28 (f) | $ | 217,000 | 170,414 | |||||
13.000% 6/01/30 (f) | 326,000 | 254,280 | ||||||
14.000% 6/01/31 (f) | 385,000 | 301,340 | ||||||
726,034 | ||||||||
TOTAL CORPORATE DEBT (Cost $1,035,905) | 726,034 | |||||||
TOTAL BONDS & NOTES (Cost $1,035,905) | 726,034 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $301,556,364) | 408,887,394 | |||||||
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Government Reserve Investment Fund | 105 | $ | 105 | |||||
Principal Amount | ||||||||
Repurchase Agreement — 0.3% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (g) | $ | 1,385,995 | 1,385,995 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,386,100) | 1,386,100 | |||||||
TOTAL INVESTMENTS — 99.7% (Cost $302,942,464) (h) | 410,273,494 | |||||||
Other Assets/(Liabilities) — 0.3% | 1,200,032 | |||||||
NET ASSETS — 100.0% | $ | 411,473,526 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $268,298 or 0.07% of net assets. The Fund received $274,100 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2023, these securities amounted to a value of $1,654,186 or 0.40% of net assets. |
(d) | Investment is valued using significant unobservable inputs. |
(e) | Restricted security. Certain securities are restricted to resale. At September 30, 2023, these securities amounted to a value of $1,654,186 or 0.40% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities. |
(f) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $726,034 or 0.18% of net assets. |
(g) | Maturity value of $1,386,180. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $1,413,789. |
(h) | See Note 3 for aggregate cost for federal tax purposes. |
MML Equity Income Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.1% | ||||||||
COMMON STOCK — 98.2% | ||||||||
Basic Materials — 3.9% | ||||||||
Chemicals — 2.6% | ||||||||
CF Industries Holdings, Inc. | 84,581 | $ | 7,251,975 | |||||
International Flavors & Fragrances, Inc. | 12,292 | 837,946 | ||||||
RPM International, Inc. | 4,002 | 379,429 | ||||||
8,469,350 | ||||||||
Forest Products & Paper — 1.3% | ||||||||
International Paper Co. | 125,798 | 4,462,055 | ||||||
12,931,405 | ||||||||
Communications — 4.8% | ||||||||
Internet — 0.2% | ||||||||
Meta Platforms, Inc. Class A (a) | 2,189 | 657,159 | ||||||
Media — 3.6% | ||||||||
Comcast Corp. Class A | 31,356 | 1,390,325 | ||||||
News Corp. Class A | 308,469 | 6,187,888 | ||||||
News Corp. Class B | 32,373 | 675,625 | ||||||
Walt Disney Co. (a) | 45,785 | 3,710,874 | ||||||
11,964,712 | ||||||||
Telecommunications — 1.0% | ||||||||
AT&T, Inc. | 29,946 | 449,789 | ||||||
Cisco Systems, Inc. | 12,794 | 687,806 | ||||||
Verizon Communications, Inc. | 62,374 | 2,021,541 | ||||||
3,159,136 | ||||||||
15,781,007 | ||||||||
Consumer, Cyclical — 6.1% | ||||||||
Airlines — 0.8% | ||||||||
Southwest Airlines Co. | 102,421 | 2,772,536 | ||||||
Auto Manufacturers — 1.2% | ||||||||
Cummins, Inc. | 4,500 | 1,028,070 | ||||||
Volkswagen AG ADR | 258,884 | 2,966,811 | ||||||
3,994,881 | ||||||||
Lodging — 0.9% | ||||||||
Las Vegas Sands Corp. | 62,010 | 2,842,538 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 2.5% | ||||||||
Best Buy Co., Inc. | 20,000 | $ | 1,389,400 | |||||
Dollar General Corp. | 5,400 | 571,320 | ||||||
Kohl's Corp. | 61,127 | 1,281,222 | ||||||
TJX Cos., Inc. | 13,947 | 1,239,610 | ||||||
Walmart, Inc. | 24,038 | 3,844,397 | ||||||
8,325,949 | ||||||||
Toys, Games & Hobbies — 0.7% | ||||||||
Mattel, Inc. (a) | 102,190 | 2,251,246 | ||||||
20,187,150 | ||||||||
Consumer, Non-cyclical — 23.7% | ||||||||
Agriculture — 1.9% | ||||||||
Philip Morris International, Inc. | 66,256 | 6,133,980 | ||||||
Beverages — 0.4% | ||||||||
Constellation Brands, Inc. Class A | 5,719 | 1,437,356 | ||||||
Biotechnology — 0.3% | ||||||||
Biogen, Inc. (a) | 4,200 | 1,079,442 | ||||||
Cosmetics & Personal Care — 1.5% | ||||||||
Colgate-Palmolive Co. | 26,100 | 1,855,971 | ||||||
Kenvue, Inc. | 153,261 | 3,077,481 | ||||||
4,933,452 | ||||||||
Food — 2.2% | ||||||||
Conagra Brands, Inc. | 148,876 | 4,082,180 | ||||||
Mondelez International, Inc. Class A | 7,200 | 499,680 | ||||||
Tyson Foods, Inc. Class A | 56,080 | 2,831,479 | ||||||
7,413,339 | ||||||||
Health Care – Products — 2.6% | ||||||||
GE HealthCare Technologies, Inc. (a) | 26,264 | 1,787,003 | ||||||
Medtronic PLC | 41,770 | 3,273,097 | ||||||
Zimmer Biomet Holdings, Inc. | 32,631 | 3,661,851 | ||||||
8,721,951 | ||||||||
Health Care – Services — 2.7% | ||||||||
Centene Corp. (a) | 10,044 | 691,831 | ||||||
Elevance Health, Inc. | 17,664 | 7,691,259 | ||||||
Humana, Inc. | 1,000 | 486,520 | ||||||
8,869,610 | ||||||||
Household Products & Wares — 1.1% | ||||||||
Kimberly-Clark Corp. | 28,508 | 3,445,192 | ||||||
Pharmaceuticals — 11.0% | ||||||||
AbbVie, Inc. | 21,670 | 3,230,130 | ||||||
AstraZeneca PLC Sponsored ADR | 31,561 | 2,137,311 | ||||||
Becton Dickinson & Co. | 27,098 | 7,005,646 | ||||||
Cardinal Health, Inc. | 6,018 | 522,483 | ||||||
Cigna Group | 13,251 | 3,790,714 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
CVS Health Corp. | 54,658 | $ | 3,816,221 | |||||
Johnson & Johnson | 28,469 | 4,434,047 | ||||||
Merck & Co., Inc. | 30,053 | 3,093,956 | ||||||
Pfizer, Inc. | 99,059 | 3,285,787 | ||||||
Sanofi | 23,225 | 2,492,093 | ||||||
Sanofi ADR | 6,897 | 369,955 | ||||||
Viatris, Inc. | 207,100 | 2,042,006 | ||||||
36,220,349 | ||||||||
78,254,671 | ||||||||
Energy — 9.6% | ||||||||
Oil & Gas — 8.3% | ||||||||
Chevron Corp. | 7,586 | 1,279,151 | ||||||
EOG Resources, Inc. | 26,280 | 3,331,253 | ||||||
EQT Corp. | 35,000 | 1,420,300 | ||||||
Exxon Mobil Corp. | 48,254 | 5,673,706 | ||||||
Hess Corp. | 22,706 | 3,474,018 | ||||||
Suncor Energy, Inc. (b) | 39,600 | 1,361,448 | ||||||
TotalEnergies SE | 138,665 | 9,125,177 | ||||||
TotalEnergies SE Sponsored ADR | 29,200 | 1,920,192 | ||||||
27,585,245 | ||||||||
Pipelines — 1.3% | ||||||||
Enbridge, Inc. | 41,779 | 1,386,645 | ||||||
TC Energy Corp. (b) | 54,428 | 1,872,867 | ||||||
Williams Cos., Inc. | 29,600 | 997,224 | ||||||
4,256,736 | ||||||||
31,841,981 | ||||||||
Financial — 24.6% | ||||||||
Banks — 8.8% | ||||||||
Bank of America Corp. | 55,239 | 1,512,444 | ||||||
Bank of New York Mellon Corp. | 13,000 | 554,450 | ||||||
Citigroup, Inc. | 34,040 | 1,400,065 | ||||||
Fifth Third Bancorp | 138,337 | 3,504,076 | ||||||
Goldman Sachs Group, Inc. | 2,981 | 964,562 | ||||||
Huntington Bancshares, Inc. | 288,865 | 3,004,196 | ||||||
JP Morgan Chase & Co. | 23,068 | 3,345,321 | ||||||
Morgan Stanley | 17,929 | 1,464,262 | ||||||
PNC Financial Services Group, Inc. | 3,289 | 403,791 | ||||||
State Street Corp. | 5,196 | 347,924 | ||||||
US Bancorp | 101,000 | 3,339,060 | ||||||
Wells Fargo & Co. | 229,727 | 9,386,645 | ||||||
29,226,796 | ||||||||
Diversified Financial Services — 1.5% | ||||||||
Apollo Global Management, Inc. | 12,400 | 1,113,024 | ||||||
Charles Schwab Corp. | 70,568 | 3,874,183 | ||||||
4,987,207 | ||||||||
Insurance — 10.1% | ||||||||
American International Group, Inc. | 136,368 | 8,263,901 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Chubb Ltd. | 35,458 | $ | 7,381,646 | |||||
Equitable Holdings, Inc. | 196,736 | 5,585,335 | ||||||
Hartford Financial Services Group, Inc. | 46,483 | 3,296,109 | ||||||
Loews Corp. | 56,277 | 3,562,897 | ||||||
MetLife, Inc. | 81,503 | 5,127,354 | ||||||
33,217,242 | ||||||||
Private Equity — 0.2% | ||||||||
Carlyle Group, Inc. | 25,249 | 761,510 | ||||||
Real Estate Investment Trusts (REITS) — 4.0% | ||||||||
Equity Residential | 79,808 | 4,685,528 | ||||||
Lamar Advertising Co. Class A | 1,400 | 116,858 | ||||||
Rayonier, Inc. | 89,301 | 2,541,507 | ||||||
Vornado Realty Trust | 5,843 | 132,519 | ||||||
Welltower, Inc. | 6,948 | 569,180 | ||||||
Weyerhaeuser Co. | 170,559 | 5,229,339 | ||||||
13,274,931 | ||||||||
81,467,686 | ||||||||
Industrial — 10.8% | ||||||||
Aerospace & Defense — 2.9% | ||||||||
Boeing Co. (a) | 22,788 | 4,368,004 | ||||||
L3 Harris Technologies, Inc. | 30,441 | 5,300,387 | ||||||
9,668,391 | ||||||||
Electronics — 0.4% | ||||||||
TE Connectivity Ltd. | 9,563 | 1,181,317 | ||||||
Environmental Controls — 0.5% | ||||||||
Stericycle, Inc. (a) | 40,489 | 1,810,263 | ||||||
Hand & Machine Tools — 1.1% | ||||||||
Stanley Black & Decker, Inc. | 43,700 | 3,652,446 | ||||||
Machinery – Diversified — 0.1% | ||||||||
Flowserve Corp. | 8,373 | 332,994 | ||||||
Miscellaneous - Manufacturing — 3.6% | ||||||||
3M Co. | 7,387 | 691,571 | ||||||
General Electric Co. | 70,581 | 7,802,729 | ||||||
Siemens AG Sponsored ADR | 46,859 | 3,348,076 | ||||||
11,842,376 | ||||||||
Transportation — 2.2% | ||||||||
Norfolk Southern Corp. | 8,800 | 1,732,984 | ||||||
Union Pacific Corp. | 8,200 | 1,669,766 | ||||||
United Parcel Service, Inc. Class B | 24,620 | 3,837,520 | ||||||
7,240,270 | ||||||||
35,728,057 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Technology — 8.4% | ||||||||
Computers — 0.5% | ||||||||
Accenture PLC Class A | 5,459 | $ | 1,676,513 | |||||
Semiconductors — 5.1% | ||||||||
Advanced Micro Devices, Inc. (a) | 1,600 | 164,512 | ||||||
Applied Materials, Inc. | 26,071 | 3,609,530 | ||||||
QUALCOMM, Inc. | 71,811 | 7,975,330 | ||||||
Samsung Electronics Co. Ltd. | 47,501 | 2,406,636 | ||||||
Texas Instruments, Inc. | 17,660 | 2,808,117 | ||||||
16,964,125 | ||||||||
Software — 2.8% | ||||||||
Fiserv, Inc. (a) | 32,894 | 3,715,706 | ||||||
Microsoft Corp. | 16,990 | 5,364,593 | ||||||
9,080,299 | ||||||||
27,720,937 | ||||||||
Utilities — 6.3% | ||||||||
Electric — 6.2% | ||||||||
Ameren Corp. | 17,696 | 1,324,192 | ||||||
Dominion Energy, Inc. | 98,149 | 4,384,316 | ||||||
NextEra Energy, Inc. | 37,187 | 2,130,443 | ||||||
PG&E Corp. (a) | 31,053 | 500,885 | ||||||
Sempra | 39,679 | 2,699,362 | ||||||
Southern Co. | 146,671 | 9,492,547 | ||||||
20,531,745 | ||||||||
Gas — 0.1% | ||||||||
NiSource, Inc. | 19,508 | 481,458 | ||||||
21,013,203 | ||||||||
TOTAL COMMON STOCK (Cost $278,242,786) | 324,926,097 | |||||||
PREFERRED STOCK — 0.9% | ||||||||
Consumer, Cyclical — 0.7% | ||||||||
Auto Manufacturers — 0.7% | ||||||||
Dr Ing hc F Porsche AG 1.134% (c) | 24,426 | 2,297,307 | ||||||
Utilities — 0.2% | ||||||||
Electric — 0.1% | ||||||||
NextEra Energy, Inc. Convertible 6.926% (b) | 15,955 | 603,578 | ||||||
Gas — 0.1% | ||||||||
NiSource, Inc. 7.750% (b) | 2,065 | 201,234 | ||||||
804,812 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TOTAL PREFERRED STOCK (Cost $3,318,154) | $ | 3,102,119 | ||||||
TOTAL EQUITIES (Cost $281,560,940) | 328,028,216 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $281,560,940) | 328,028,216 | |||||||
SHORT-TERM INVESTMENTS — 2.0% | ||||||||
Investment of Cash Collateral from Securities Loaned — 1.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 4,094,037 | 4,094,037 | ||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Government Reserve Investment Fund | 104 | 104 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (e) | $ | 2,491,817 | 2,491,817 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,585,958) | 6,585,958 | |||||||
TOTAL INVESTMENTS — 101.1% (Cost $288,146,898) (f) | 334,614,174 | |||||||
Other Assets/(Liabilities) — (1.1)% | (3,776,748) | |||||||
NET ASSETS — 100.0% | $ | 330,837,426 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $3,996,011 or 1.21% of net assets. (Note 2). |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $2,297,307 or 0.69% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $2,492,150. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $2,541,671. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Equity Index Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.4% | ||||||||
COMMON STOCK — 98.4% | ||||||||
Basic Materials — 2.0% | ||||||||
Chemicals — 1.6% | ||||||||
Air Products & Chemicals, Inc. | 3,602 | $ | 1,020,807 | |||||
Albemarle Corp. | 1,903 | 323,586 | ||||||
Celanese Corp. | 1,622 | 203,594 | ||||||
CF Industries Holdings, Inc. | 3,160 | 270,938 | ||||||
Dow, Inc. | 11,368 | 586,134 | ||||||
DuPont de Nemours, Inc. | 7,443 | 555,173 | ||||||
Eastman Chemical Co. | 1,931 | 148,146 | ||||||
Ecolab, Inc. | 4,102 | 694,879 | ||||||
FMC Corp. | 2,027 | 135,748 | ||||||
International Flavors & Fragrances, Inc. | 4,136 | 281,951 | ||||||
Linde PLC (LIN US) | 7,890 | 2,937,842 | ||||||
LyondellBasell Industries NV Class A | 4,114 | 389,596 | ||||||
Mosaic Co. | 5,384 | 191,670 | ||||||
PPG Industries, Inc. | 3,818 | 495,577 | ||||||
Sherwin-Williams Co. | 3,806 | 970,720 | ||||||
9,206,361 | ||||||||
Forest Products & Paper — 0.0% | ||||||||
International Paper Co. | 5,624 | 199,483 | ||||||
Iron & Steel — 0.2% | ||||||||
Nucor Corp. | 4,022 | 628,840 | ||||||
Steel Dynamics, Inc. | 2,518 | 269,980 | ||||||
898,820 | ||||||||
Mining — 0.2% | ||||||||
Freeport-McMoRan, Inc. | 23,242 | 866,694 | ||||||
Newmont Corp. | 12,887 | 476,175 | ||||||
1,342,869 | ||||||||
11,647,533 | ||||||||
Communications — 13.5% | ||||||||
Advertising — 0.1% | ||||||||
Interpublic Group of Cos., Inc. | 6,257 | 179,326 | ||||||
Omnicom Group, Inc. | 3,234 | 240,868 | ||||||
420,194 | ||||||||
Internet — 10.4% | ||||||||
Airbnb, Inc. Class A (a) | 6,894 | 945,926 | ||||||
Alphabet, Inc. Class A (a) | 95,933 | 12,553,793 | ||||||
Alphabet, Inc. Class C (a) | 81,605 | 10,759,619 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Amazon.com, Inc. (a) | 146,887 | $ | 18,672,276 | |||||
Booking Holdings, Inc. (a) | 577 | 1,779,439 | ||||||
CDW Corp. | 2,167 | 437,214 | ||||||
eBay, Inc. | 8,670 | 382,260 | ||||||
Etsy, Inc. (a) | 2,000 | 129,160 | ||||||
Expedia Group, Inc. (a) | 2,229 | 229,743 | ||||||
F5, Inc. (a) | 980 | 157,917 | ||||||
Gen Digital, Inc. | 9,221 | 163,027 | ||||||
Match Group, Inc. (a) | 4,514 | 176,836 | ||||||
Meta Platforms, Inc. Class A (a) | 35,938 | 10,788,947 | ||||||
Netflix, Inc. (a) | 7,165 | 2,705,504 | ||||||
Palo Alto Networks, Inc. (a) | 4,948 | 1,160,009 | ||||||
VeriSign, Inc. (a) | 1,468 | 297,314 | ||||||
61,338,984 | ||||||||
Media — 1.2% | ||||||||
Charter Communications, Inc. Class A (a) | 1,646 | 723,944 | ||||||
Comcast Corp. Class A | 66,549 | 2,950,783 | ||||||
FactSet Research Systems, Inc. | 621 | 271,538 | ||||||
Fox Corp. Class A | 4,102 | 127,982 | ||||||
Fox Corp. Class B | 2,133 | 61,601 | ||||||
News Corp. Class A | 6,108 | 122,527 | ||||||
News Corp. Class B | 1,969 | 41,093 | ||||||
Paramount Global Class B | 7,797 | 100,581 | ||||||
Walt Disney Co. (a) | 29,628 | 2,401,349 | ||||||
Warner Bros Discovery, Inc. (a) | 35,941 | 390,319 | ||||||
7,191,717 | ||||||||
Telecommunications — 1.8% | ||||||||
Arista Networks, Inc. (a) | 4,049 | 744,733 | ||||||
AT&T, Inc. | 115,596 | 1,736,252 | ||||||
Cisco Systems, Inc. | 65,892 | 3,542,354 | ||||||
Corning, Inc. | 12,407 | 378,041 | ||||||
Juniper Networks, Inc. | 5,214 | 144,897 | ||||||
Motorola Solutions, Inc. | 2,701 | 735,320 | ||||||
T-Mobile US, Inc. (a) | 8,370 | 1,172,218 | ||||||
Verizon Communications, Inc. | 67,977 | 2,203,135 | ||||||
10,656,950 | ||||||||
79,607,845 | ||||||||
Consumer, Cyclical — 9.0% | ||||||||
Airlines — 0.2% | ||||||||
Alaska Air Group, Inc. (a) | 2,074 | 76,904 | ||||||
American Airlines Group, Inc. (a) | 10,583 | 135,568 | ||||||
Delta Air Lines, Inc. | 10,422 | 385,614 | ||||||
Southwest Airlines Co. | 9,650 | 261,226 | ||||||
United Airlines Holdings, Inc. (a) | 5,317 | 224,909 | ||||||
1,084,221 | ||||||||
Apparel — 0.4% | ||||||||
NIKE, Inc. Class B | 19,809 | 1,894,136 | ||||||
Ralph Lauren Corp. | 666 | 77,316 | ||||||
Tapestry, Inc. | 3,757 | 108,014 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
VF Corp. | 5,352 | $ | 94,570 | |||||
2,174,036 | ||||||||
Auto Manufacturers — 2.4% | ||||||||
Cummins, Inc. | 2,296 | 524,544 | ||||||
Ford Motor Co. | 63,725 | 791,464 | ||||||
General Motors Co. | 22,248 | 733,517 | ||||||
PACCAR, Inc. | 8,475 | 720,545 | ||||||
Tesla, Inc. (a) | 44,650 | 11,172,323 | ||||||
13,942,393 | ||||||||
Auto Parts & Equipment — 0.1% | ||||||||
Aptiv PLC (a) | 4,573 | 450,852 | ||||||
BorgWarner, Inc. | 3,801 | 153,446 | ||||||
604,298 | ||||||||
Distribution & Wholesale — 0.3% | ||||||||
Copart, Inc. (a) | 13,913 | 599,511 | ||||||
Fastenal Co. | 9,260 | 505,967 | ||||||
LKQ Corp. | 4,326 | 214,180 | ||||||
Pool Corp. | 633 | 225,411 | ||||||
W.W. Grainger, Inc. | 724 | 500,892 | ||||||
2,045,961 | ||||||||
Entertainment — 0.1% | ||||||||
Caesars Entertainment, Inc. (a) | 3,488 | 161,669 | ||||||
Live Nation Entertainment, Inc. (a) | 2,333 | 193,732 | ||||||
355,401 | ||||||||
Home Builders — 0.3% | ||||||||
DR Horton, Inc. | 4,923 | 529,075 | ||||||
Lennar Corp. Class A | 4,083 | 458,235 | ||||||
NVR, Inc. (a) | 53 | 316,055 | ||||||
PulteGroup, Inc. | 3,548 | 262,729 | ||||||
1,566,094 | ||||||||
Home Furnishing — 0.0% | ||||||||
Whirlpool Corp. | 887 | 118,592 | ||||||
Leisure Time — 0.1% | ||||||||
Carnival Corp. (a) | 16,286 | 223,444 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) (b) | 6,876 | 113,316 | ||||||
Royal Caribbean Cruises Ltd. (a) | 3,811 | 351,146 | ||||||
687,906 | ||||||||
Lodging — 0.3% | ||||||||
Hilton Worldwide Holdings, Inc. | 4,229 | 635,111 | ||||||
Las Vegas Sands Corp. | 5,329 | 244,281 | ||||||
Marriott International, Inc. Class A | 4,051 | 796,265 | ||||||
MGM Resorts International | 4,539 | 166,854 | ||||||
Wynn Resorts Ltd. | 1,566 | 144,714 | ||||||
1,987,225 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 4.8% | ||||||||
AutoZone, Inc. (a) | 294 | $ | 746,757 | |||||
Bath & Body Works, Inc. | 3,762 | 127,156 | ||||||
Best Buy Co., Inc. | 3,155 | 219,178 | ||||||
CarMax, Inc. (a) | 2,565 | 181,422 | ||||||
Chipotle Mexican Grill, Inc. (a) | 447 | 818,828 | ||||||
Costco Wholesale Corp. | 7,165 | 4,047,938 | ||||||
Darden Restaurants, Inc. | 1,961 | 280,854 | ||||||
Dollar General Corp. | 3,553 | 375,907 | ||||||
Dollar Tree, Inc. (a) | 3,371 | 358,843 | ||||||
Domino's Pizza, Inc. | 573 | 217,047 | ||||||
Genuine Parts Co. | 2,278 | 328,898 | ||||||
Home Depot, Inc. | 16,256 | 4,911,913 | ||||||
Lowe's Cos., Inc. | 9,475 | 1,969,284 | ||||||
McDonald's Corp. | 11,784 | 3,104,377 | ||||||
O'Reilly Automotive, Inc. (a) | 977 | 887,956 | ||||||
Ross Stores, Inc. | 5,508 | 622,129 | ||||||
Starbucks Corp. | 18,521 | 1,690,412 | ||||||
Target Corp. | 7,484 | 827,506 | ||||||
TJX Cos., Inc. | 18,583 | 1,651,657 | ||||||
Tractor Supply Co. | 1,759 | 357,165 | ||||||
Ulta Beauty, Inc. (a) | 812 | 324,353 | ||||||
Walgreens Boots Alliance, Inc. | 11,610 | 258,206 | ||||||
Walmart, Inc. | 23,077 | 3,690,705 | ||||||
Yum! Brands, Inc. | 4,542 | 567,478 | ||||||
28,565,969 | ||||||||
Toys, Games & Hobbies — 0.0% | ||||||||
Hasbro, Inc. | 2,112 | 139,688 | ||||||
53,271,784 | ||||||||
Consumer, Non-cyclical — 19.7% | ||||||||
Agriculture — 0.7% | ||||||||
Altria Group, Inc. | 28,695 | 1,206,625 | ||||||
Archer-Daniels-Midland Co. | 8,668 | 653,741 | ||||||
Bunge Ltd. | 2,442 | 264,346 | ||||||
Philip Morris International, Inc. | 25,101 | 2,323,851 | ||||||
4,448,563 | ||||||||
Beverages — 1.6% | ||||||||
Brown-Forman Corp. Class B | 2,965 | 171,051 | ||||||
Coca-Cola Co. | 62,930 | 3,522,821 | ||||||
Constellation Brands, Inc. Class A | 2,615 | 657,228 | ||||||
Keurig Dr Pepper, Inc. | 16,267 | 513,549 | ||||||
Molson Coors Beverage Co. Class B | 3,044 | 193,568 | ||||||
Monster Beverage Corp. (a) | 12,026 | 636,777 | ||||||
PepsiCo, Inc. | 22,259 | 3,771,565 | ||||||
9,466,559 | ||||||||
Biotechnology — 1.5% | ||||||||
Amgen, Inc. | 8,649 | 2,324,505 | ||||||
Bio-Rad Laboratories, Inc. Class A (a) | 346 | 124,024 | ||||||
Biogen, Inc. (a) | 2,347 | 603,202 | ||||||
Corteva, Inc. | 11,528 | 589,772 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Gilead Sciences, Inc. | 20,147 | $ | 1,509,816 | |||||
Illumina, Inc. (a) | 2,564 | 351,986 | ||||||
Incyte Corp. (a) | 3,002 | 173,426 | ||||||
Moderna, Inc. (a) | 5,316 | 549,090 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 1,726 | 1,420,429 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 4,177 | 1,452,510 | ||||||
9,098,760 | ||||||||
Commercial Services — 1.7% | ||||||||
Automatic Data Processing, Inc. | 6,662 | 1,602,744 | ||||||
Cintas Corp. | 1,402 | 674,376 | ||||||
CoStar Group, Inc. (a) | 6,625 | 509,396 | ||||||
Equifax, Inc. | 1,989 | 364,345 | ||||||
FleetCor Technologies, Inc. (a) | 1,197 | 305,642 | ||||||
Gartner, Inc. (a) | 1,282 | 440,508 | ||||||
Global Payments, Inc. | 4,204 | 485,100 | ||||||
MarketAxess Holdings, Inc. | 611 | 130,534 | ||||||
Moody's Corp. | 2,559 | 809,079 | ||||||
PayPal Holdings, Inc. (a) | 17,755 | 1,037,957 | ||||||
Quanta Services, Inc. | 2,354 | 440,363 | ||||||
Robert Half, Inc. | 1,747 | 128,020 | ||||||
Rollins, Inc. | 4,542 | 169,553 | ||||||
S&P Global, Inc. | 5,262 | 1,922,787 | ||||||
United Rentals, Inc. | 1,104 | 490,805 | ||||||
Verisk Analytics, Inc. | 2,348 | 554,692 | ||||||
10,065,901 | ||||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Colgate-Palmolive Co. | 13,367 | 950,527 | ||||||
Estee Lauder Cos., Inc. Class A | 3,760 | 543,508 | ||||||
Kenvue, Inc. | 27,873 | 559,690 | ||||||
Procter & Gamble Co. | 38,116 | 5,559,600 | ||||||
7,613,325 | ||||||||
Food — 1.0% | ||||||||
Campbell Soup Co. | 3,255 | 133,715 | ||||||
Conagra Brands, Inc. | 7,736 | 212,121 | ||||||
General Mills, Inc. | 9,462 | 605,473 | ||||||
Hershey Co. | 2,389 | 477,991 | ||||||
Hormel Foods Corp. | 4,697 | 178,627 | ||||||
J. M. Smucker Co. | 1,651 | 202,924 | ||||||
Kellogg Co. | 4,170 | 248,157 | ||||||
Kraft Heinz Co. | 12,938 | 435,234 | ||||||
Kroger Co. | 10,590 | 473,903 | ||||||
Lamb Weston Holdings, Inc. | 2,363 | 218,483 | ||||||
McCormick & Co., Inc. | 4,068 | 307,704 | ||||||
Mondelez International, Inc. Class A | 21,997 | 1,526,592 | ||||||
Sysco Corp. | 8,213 | 542,469 | ||||||
Tyson Foods, Inc. Class A | 4,630 | 233,769 | ||||||
5,797,162 | ||||||||
Health Care – Products — 3.4% | ||||||||
Abbott Laboratories | 28,060 | 2,717,611 | ||||||
Align Technology, Inc. (a) | 1,154 | 352,339 | ||||||
Baxter International, Inc. | 8,202 | 309,543 | ||||||
Bio-Techne Corp. | 2,553 | 173,783 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Boston Scientific Corp. (a) | 23,676 | $ | 1,250,093 | |||||
Cooper Cos., Inc. | 802 | 255,044 | ||||||
Danaher Corp. | 10,625 | 2,636,062 | ||||||
DENTSPLY SIRONA, Inc. | 3,444 | 117,647 | ||||||
Edwards Lifesciences Corp. (a) | 9,830 | 681,022 | ||||||
GE HealthCare Technologies, Inc. (a) | 6,341 | 431,442 | ||||||
Hologic, Inc. (a) | 3,991 | 276,975 | ||||||
IDEXX Laboratories, Inc. (a) | 1,346 | 588,565 | ||||||
Insulet Corp. (a) | 1,130 | 180,224 | ||||||
Intuitive Surgical, Inc. (a) | 5,682 | 1,660,792 | ||||||
Medtronic PLC | 21,524 | 1,686,621 | ||||||
ResMed, Inc. | 2,383 | 352,374 | ||||||
Revvity, Inc. | 2,034 | 225,164 | ||||||
Steris PLC | 1,610 | 353,266 | ||||||
Stryker Corp. | 5,465 | 1,493,421 | ||||||
Teleflex, Inc. | 761 | 149,468 | ||||||
Thermo Fisher Scientific, Inc. | 6,241 | 3,159,007 | ||||||
Waters Corp. (a) | 957 | 262,419 | ||||||
West Pharmaceutical Services, Inc. | 1,194 | 448,001 | ||||||
Zimmer Biomet Holdings, Inc. | 3,382 | 379,528 | ||||||
20,140,411 | ||||||||
Health Care – Services — 2.3% | ||||||||
Catalent, Inc. (a) | 2,956 | 134,587 | ||||||
Centene Corp. (a) | 8,755 | 603,044 | ||||||
Charles River Laboratories International, Inc. (a) | 830 | 162,663 | ||||||
DaVita, Inc. (a) | 871 | 82,336 | ||||||
Elevance Health, Inc. | 3,810 | 1,658,950 | ||||||
HCA Healthcare, Inc. | 3,254 | 800,419 | ||||||
Humana, Inc. | 2,004 | 974,986 | ||||||
IQVIA Holdings, Inc. (a) | 2,961 | 582,577 | ||||||
Laboratory Corp. of America Holdings | 1,436 | 288,708 | ||||||
Molina Healthcare, Inc. (a) | 945 | 309,856 | ||||||
Quest Diagnostics, Inc. | 1,815 | 221,176 | ||||||
UnitedHealth Group, Inc. | 14,978 | 7,551,758 | ||||||
Universal Health Services, Inc. Class B | 1,020 | 128,244 | ||||||
13,499,304 | ||||||||
Household Products & Wares — 0.3% | ||||||||
Avery Dennison Corp. | 1,308 | 238,933 | ||||||
Church & Dwight Co., Inc. | 3,962 | 363,038 | ||||||
Clorox Co. | 2,005 | 262,775 | ||||||
Kimberly-Clark Corp. | 5,472 | 661,291 | ||||||
1,526,037 | ||||||||
Pharmaceuticals — 5.9% | ||||||||
AbbVie, Inc. | 28,540 | 4,254,172 | ||||||
Becton Dickinson & Co. | 4,691 | 1,212,764 | ||||||
Bristol-Myers Squibb Co. | 33,780 | 1,960,591 | ||||||
Cardinal Health, Inc. | 4,128 | 358,393 | ||||||
Cencora, Inc. | 2,696 | 485,199 | ||||||
Cigna Group | 4,798 | 1,372,564 | ||||||
CVS Health Corp. | 20,787 | 1,451,348 | ||||||
Dexcom, Inc. (a) | 6,286 | 586,484 | ||||||
Eli Lilly & Co. | 12,894 | 6,925,754 | ||||||
Henry Schein, Inc. (a) | 2,124 | 157,707 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Johnson & Johnson | 38,936 | $ | 6,064,282 | |||||
McKesson Corp. | 2,181 | 948,408 | ||||||
Merck & Co., Inc. | 41,030 | 4,224,039 | ||||||
Organon & Co. | 4,130 | 71,697 | ||||||
Pfizer, Inc. | 91,292 | 3,028,156 | ||||||
Viatris, Inc. | 19,434 | 191,619 | ||||||
Zoetis, Inc. | 7,443 | 1,294,933 | ||||||
34,588,110 | ||||||||
116,244,132 | ||||||||
Energy — 4.7% | ||||||||
Energy – Alternate Sources — 0.1% | ||||||||
Enphase Energy, Inc. (a) | 2,222 | 266,973 | ||||||
First Solar, Inc. (a) | 1,727 | 279,066 | ||||||
SolarEdge Technologies, Inc. (a) | 914 | 118,372 | ||||||
664,411 | ||||||||
Oil & Gas — 3.9% | ||||||||
APA Corp. | 5,002 | 205,582 | ||||||
Chevron Corp. | 28,689 | 4,837,539 | ||||||
ConocoPhillips | 19,363 | 2,319,687 | ||||||
Coterra Energy, Inc. | 12,283 | 332,255 | ||||||
Devon Energy Corp. | 10,404 | 496,271 | ||||||
Diamondback Energy, Inc. | 2,891 | 447,758 | ||||||
EOG Resources, Inc. | 9,415 | 1,193,445 | ||||||
EQT Corp. | 5,864 | 237,961 | ||||||
Exxon Mobil Corp. | 64,730 | 7,610,954 | ||||||
Hess Corp. | 4,482 | 685,746 | ||||||
Marathon Oil Corp. | 9,794 | 261,990 | ||||||
Marathon Petroleum Corp. | 6,465 | 978,413 | ||||||
Occidental Petroleum Corp. | 10,729 | 696,098 | ||||||
Phillips 66 | 7,200 | 865,080 | ||||||
Pioneer Natural Resources Co. | 3,770 | 865,404 | ||||||
Valero Energy Corp. | 5,710 | 809,164 | ||||||
22,843,347 | ||||||||
Oil & Gas Services — 0.4% | ||||||||
Baker Hughes Co. | 16,417 | 579,848 | ||||||
Halliburton Co. | 14,529 | 588,425 | ||||||
Schlumberger NV | 22,980 | 1,339,734 | ||||||
2,508,007 | ||||||||
Pipelines — 0.3% | ||||||||
Kinder Morgan, Inc. | 31,345 | 519,700 | ||||||
ONEOK, Inc. | 9,421 | 597,574 | ||||||
Targa Resources Corp. | 3,617 | 310,049 | ||||||
Williams Cos., Inc. | 19,753 | 665,479 | ||||||
2,092,802 | ||||||||
28,108,567 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Financial — 13.6% | ||||||||
Banks — 3.7% | ||||||||
Bank of America Corp. | 111,785 | $ | 3,060,673 | |||||
Bank of New York Mellon Corp. | 12,592 | 537,049 | ||||||
Citigroup, Inc. | 31,138 | 1,280,706 | ||||||
Citizens Financial Group, Inc. | 7,637 | 204,672 | ||||||
Comerica, Inc. | 2,133 | 88,626 | ||||||
Fifth Third Bancorp | 11,035 | 279,517 | ||||||
Goldman Sachs Group, Inc. | 5,331 | 1,724,952 | ||||||
Huntington Bancshares, Inc. | 23,406 | 243,422 | ||||||
JP Morgan Chase & Co. | 46,990 | 6,814,490 | ||||||
KeyCorp. | 15,157 | 163,089 | ||||||
M&T Bank Corp. | 2,689 | 340,024 | ||||||
Morgan Stanley | 20,630 | 1,684,852 | ||||||
Northern Trust Corp. | 3,377 | 234,634 | ||||||
PNC Financial Services Group, Inc. | 6,440 | 790,639 | ||||||
Regions Financial Corp. | 15,214 | 261,681 | ||||||
State Street Corp. | 5,152 | 344,978 | ||||||
Truist Financial Corp. | 21,596 | 617,862 | ||||||
US Bancorp | 25,175 | 832,285 | ||||||
Wells Fargo & Co. | 59,161 | 2,417,318 | ||||||
Zions Bancorp NA | 2,400 | 83,736 | ||||||
22,005,205 | ||||||||
Diversified Financial Services — 3.5% | ||||||||
American Express Co. | 9,407 | 1,403,430 | ||||||
Ameriprise Financial, Inc. | 1,659 | 546,939 | ||||||
BlackRock, Inc. | 2,269 | 1,466,886 | ||||||
Capital One Financial Corp. | 6,191 | 600,837 | ||||||
Cboe Global Markets, Inc. | 1,712 | 267,432 | ||||||
Charles Schwab Corp. | 24,098 | 1,322,980 | ||||||
CME Group, Inc. | 5,833 | 1,167,883 | ||||||
Discover Financial Services | 4,042 | 350,158 | ||||||
Franklin Resources, Inc. | 4,682 | 115,084 | ||||||
Intercontinental Exchange, Inc. | 9,274 | 1,020,325 | ||||||
Invesco Ltd. | 7,425 | 107,811 | ||||||
Mastercard, Inc. Class A | 13,453 | 5,326,177 | ||||||
Nasdaq, Inc. | 5,490 | 266,759 | ||||||
Raymond James Financial, Inc. | 3,039 | 305,207 | ||||||
Synchrony Financial | 6,762 | 206,714 | ||||||
T. Rowe Price Group, Inc. | 3,641 | 381,832 | ||||||
Visa, Inc. Class A | 25,981 | 5,975,890 | ||||||
20,832,344 | ||||||||
Insurance — 3.9% | ||||||||
Aflac, Inc. | 8,741 | 670,872 | ||||||
Allstate Corp. | 4,262 | 474,829 | ||||||
American International Group, Inc. | 11,511 | 697,567 | ||||||
Aon PLC Class A | 3,280 | 1,063,442 | ||||||
Arch Capital Group Ltd. (a) | 6,040 | 481,448 | ||||||
Arthur J Gallagher & Co. | 3,474 | 791,829 | ||||||
Assurant, Inc. | 873 | 125,345 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 29,488 | 10,329,646 | ||||||
Brown & Brown, Inc. | 3,817 | 266,579 | ||||||
Chubb Ltd. | 6,641 | 1,382,523 | ||||||
Cincinnati Financial Corp. | 2,549 | 260,737 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Everest Group Ltd. | 695 | $ | 258,311 | |||||
Globe Life, Inc. | 1,406 | 152,874 | ||||||
Hartford Financial Services Group, Inc. | 4,945 | 350,650 | ||||||
Loews Corp. | 2,990 | 189,297 | ||||||
Marsh & McLennan Cos., Inc. | 7,987 | 1,519,926 | ||||||
MetLife, Inc. | 10,214 | 642,563 | ||||||
Principal Financial Group, Inc. | 3,596 | 259,164 | ||||||
Progressive Corp. | 9,465 | 1,318,475 | ||||||
Prudential Financial, Inc. | 5,870 | 557,004 | ||||||
Travelers Cos., Inc. | 3,702 | 604,574 | ||||||
W. R. Berkley Corp. | 3,255 | 206,660 | ||||||
Willis Towers Watson PLC | 1,695 | 354,187 | ||||||
22,958,502 | ||||||||
Private Equity — 0.2% | ||||||||
Blackstone, Inc. | 11,476 | 1,229,539 | ||||||
Real Estate — 0.1% | ||||||||
CBRE Group, Inc. Class A (a) | 5,041 | 372,328 | ||||||
Real Estate Investment Trusts (REITS) — 2.2% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,518 | 252,052 | ||||||
American Tower Corp. | 7,557 | 1,242,749 | ||||||
AvalonBay Communities, Inc. | 2,303 | 395,517 | ||||||
Boston Properties, Inc. | 2,313 | 137,577 | ||||||
Camden Property Trust | 1,731 | 163,718 | ||||||
Crown Castle, Inc. | 7,031 | 647,063 | ||||||
Digital Realty Trust, Inc. | 4,895 | 592,393 | ||||||
Equinix, Inc. | 1,517 | 1,101,736 | ||||||
Equity Residential | 5,530 | 324,666 | ||||||
Essex Property Trust, Inc. | 1,041 | 220,786 | ||||||
Extra Space Storage, Inc. | 3,425 | 416,412 | ||||||
Federal Realty Investment Trust | 1,189 | 107,759 | ||||||
Healthpeak Properties, Inc. | 8,865 | 162,761 | ||||||
Host Hotels & Resorts, Inc. | 11,532 | 185,319 | ||||||
Invitation Homes, Inc. | 9,301 | 294,749 | ||||||
Iron Mountain, Inc. | 4,729 | 281,139 | ||||||
Kimco Realty Corp. | 10,048 | 176,744 | ||||||
Mid-America Apartment Communities, Inc. | 1,892 | 243,406 | ||||||
Prologis, Inc. | 14,938 | 1,676,193 | ||||||
Public Storage | 2,566 | 676,192 | ||||||
Realty Income Corp. | 11,461 | 572,362 | ||||||
Regency Centers Corp. | 2,665 | 158,408 | ||||||
SBA Communications Corp. | 1,757 | 351,699 | ||||||
Simon Property Group, Inc. | 5,302 | 572,775 | ||||||
UDR, Inc. | 4,901 | 174,819 | ||||||
Ventas, Inc. | 6,486 | 273,255 | ||||||
VICI Properties, Inc. | 16,285 | 473,893 | ||||||
Welltower, Inc. | 8,388 | 687,145 | ||||||
Weyerhaeuser Co. | 11,875 | 364,088 | ||||||
12,927,375 | ||||||||
80,325,293 | ||||||||
Industrial — 7.4% | ||||||||
Aerospace & Defense — 1.4% | ||||||||
Boeing Co. (a) | 9,170 | 1,757,706 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
General Dynamics Corp. | 3,648 | $ | 806,098 | |||||
Howmet Aerospace, Inc. | 6,332 | 292,855 | ||||||
L3 Harris Technologies, Inc. | 3,072 | 534,897 | ||||||
Lockheed Martin Corp. | 3,624 | 1,482,071 | ||||||
Northrop Grumman Corp. | 2,300 | 1,012,437 | ||||||
RTX Corp. | 23,535 | 1,693,814 | ||||||
TransDigm Group, Inc. (a) | 892 | 752,072 | ||||||
8,331,950 | ||||||||
Building Materials — 0.5% | ||||||||
Carrier Global Corp. | 13,537 | 747,243 | ||||||
Johnson Controls International PLC | 11,000 | 585,310 | ||||||
Martin Marietta Materials, Inc. | 1,005 | 412,532 | ||||||
Masco Corp. | 3,650 | 195,093 | ||||||
Mohawk Industries, Inc. (a) | 856 | 73,453 | ||||||
Trane Technologies PLC | 3,698 | 750,361 | ||||||
Vulcan Materials Co. | 2,157 | 435,757 | ||||||
3,199,749 | ||||||||
Electrical Components & Equipment — 0.3% | ||||||||
AMETEK, Inc. | 3,738 | 552,327 | ||||||
Emerson Electric Co. | 9,267 | 894,914 | ||||||
Generac Holdings, Inc. (a) | 1,008 | 109,832 | ||||||
1,557,073 | ||||||||
Electronics — 1.0% | ||||||||
Agilent Technologies, Inc. | 4,795 | 536,177 | ||||||
Allegion PLC | 1,426 | 148,589 | ||||||
Amphenol Corp. Class A | 9,655 | 810,923 | ||||||
Fortive Corp. | 5,733 | 425,159 | ||||||
Garmin Ltd. | 2,481 | 261,001 | ||||||
Honeywell International, Inc. | 10,736 | 1,983,369 | ||||||
Keysight Technologies, Inc. (a) | 2,889 | 382,244 | ||||||
Mettler-Toledo International, Inc. (a) | 357 | 395,581 | ||||||
TE Connectivity Ltd. | 5,076 | 627,038 | ||||||
Trimble, Inc. (a) | 4,015 | 216,248 | ||||||
5,786,329 | ||||||||
Engineering & Construction — 0.0% | ||||||||
Jacobs Solutions, Inc. | 2,057 | 280,780 | ||||||
Environmental Controls — 0.3% | ||||||||
Pentair PLC | 2,674 | 173,142 | ||||||
Republic Services, Inc. | 3,334 | 475,128 | ||||||
Waste Management, Inc. | 5,960 | 908,542 | ||||||
1,556,812 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Snap-on, Inc. | 858 | 218,842 | ||||||
Stanley Black & Decker, Inc. | 2,483 | 207,529 | ||||||
426,371 | ||||||||
Machinery – Construction & Mining — 0.4% | ||||||||
Caterpillar, Inc. | 8,249 | 2,251,977 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Machinery – Diversified — 0.8% | ||||||||
Deere & Co. | 4,409 | $ | 1,663,868 | |||||
Dover Corp. | 2,267 | 316,269 | ||||||
IDEX Corp. | 1,226 | 255,033 | ||||||
Ingersoll Rand, Inc. | 6,559 | 417,940 | ||||||
Nordson Corp. | 873 | 194,827 | ||||||
Otis Worldwide Corp. | 6,658 | 534,704 | ||||||
Rockwell Automation, Inc. | 1,863 | 532,576 | ||||||
Westinghouse Air Brake Technologies Corp. | 2,917 | 309,990 | ||||||
Xylem, Inc. | 3,880 | 353,196 | ||||||
4,578,403 | ||||||||
Miscellaneous - Manufacturing — 1.2% | ||||||||
3M Co. | 8,945 | 837,431 | ||||||
A.O. Smith Corp. | 2,019 | 133,516 | ||||||
Axon Enterprise, Inc. (a) | 1,138 | 226,451 | ||||||
Eaton Corp. PLC | 6,464 | 1,378,642 | ||||||
General Electric Co. | 17,598 | 1,945,459 | ||||||
Illinois Tool Works, Inc. | 4,449 | 1,024,649 | ||||||
Parker-Hannifin Corp. | 2,080 | 810,202 | ||||||
Teledyne Technologies, Inc. (a) | 763 | 311,747 | ||||||
Textron, Inc. | 3,203 | 250,282 | ||||||
6,918,379 | ||||||||
Packaging & Containers — 0.1% | ||||||||
Amcor PLC | 23,848 | 218,448 | ||||||
Ball Corp. | 5,099 | 253,828 | ||||||
Packaging Corp. of America | 1,458 | 223,876 | ||||||
Sealed Air Corp. | 2,372 | 77,944 | ||||||
Westrock Co. | 4,149 | 148,534 | ||||||
922,630 | ||||||||
Shipbuilding — 0.0% | ||||||||
Huntington Ingalls Industries, Inc. | 647 | 132,363 | ||||||
Transportation — 1.3% | ||||||||
C.H. Robinson Worldwide, Inc. | 1,888 | 162,613 | ||||||
CSX Corp. | 32,441 | 997,561 | ||||||
Expeditors International of Washington, Inc. | 2,391 | 274,080 | ||||||
FedEx Corp. | 3,750 | 993,450 | ||||||
JB Hunt Transport Services, Inc. | 1,320 | 248,846 | ||||||
Norfolk Southern Corp. | 3,671 | 722,930 | ||||||
Old Dominion Freight Line, Inc. | 1,449 | 592,844 | ||||||
Union Pacific Corp. | 9,855 | 2,006,774 | ||||||
United Parcel Service, Inc. Class B | 11,695 | 1,822,900 | ||||||
7,821,998 | ||||||||
43,764,814 | ||||||||
Technology — 26.1% | ||||||||
Computers — 8.3% | ||||||||
Accenture PLC Class A | 10,200 | 3,132,522 | ||||||
Apple, Inc. | 237,731 | 40,701,925 | ||||||
Cognizant Technology Solutions Corp. Class A | 8,166 | 553,165 | ||||||
DXC Technology Co. (a) | 3,318 | 69,114 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
EPAM Systems, Inc. (a) | 939 | $ | 240,093 | |||||
Fortinet, Inc. (a) | 10,568 | 620,130 | ||||||
Hewlett Packard Enterprise Co. | 21,013 | 364,996 | ||||||
HP, Inc. | 14,055 | 361,213 | ||||||
International Business Machines Corp. | 14,725 | 2,065,917 | ||||||
Leidos Holdings, Inc. | 2,224 | 204,964 | ||||||
NetApp, Inc. | 3,409 | 258,675 | ||||||
Seagate Technology Holdings PLC | 3,122 | 205,896 | ||||||
Western Digital Corp. (a) | 5,187 | 236,683 | ||||||
49,015,293 | ||||||||
Office & Business Equipment — 0.0% | ||||||||
Zebra Technologies Corp. Class A (a) | 834 | 197,266 | ||||||
Semiconductors — 7.2% | ||||||||
Advanced Micro Devices, Inc. (a) | 26,113 | 2,684,939 | ||||||
Analog Devices, Inc. | 8,108 | 1,419,630 | ||||||
Applied Materials, Inc. | 13,578 | 1,879,874 | ||||||
Broadcom, Inc. | 6,673 | 5,542,460 | ||||||
Intel Corp. | 67,636 | 2,404,460 | ||||||
KLA Corp. | 2,211 | 1,014,097 | ||||||
Lam Research Corp. | 2,155 | 1,350,689 | ||||||
Microchip Technology, Inc. | 8,802 | 686,996 | ||||||
Micron Technology, Inc. | 17,746 | 1,207,260 | ||||||
Monolithic Power Systems, Inc. | 773 | 357,126 | ||||||
NVIDIA Corp. | 39,939 | 17,373,066 | ||||||
NXP Semiconductors NV | 4,169 | 833,467 | ||||||
ON Semiconductor Corp. (a) | 7,003 | 650,929 | ||||||
Qorvo, Inc. (a) | 1,619 | 154,566 | ||||||
QUALCOMM, Inc. | 18,064 | 2,006,188 | ||||||
Skyworks Solutions, Inc. | 2,580 | 254,362 | ||||||
Teradyne, Inc. | 2,514 | 252,556 | ||||||
Texas Instruments, Inc. | 14,681 | 2,334,426 | ||||||
42,407,091 | ||||||||
Software — 10.6% | ||||||||
Activision Blizzard, Inc. | 11,601 | 1,086,202 | ||||||
Adobe, Inc. (a) | 7,370 | 3,757,963 | ||||||
Akamai Technologies, Inc. (a) | 2,468 | 262,941 | ||||||
ANSYS, Inc. (a) | 1,405 | 418,058 | ||||||
Autodesk, Inc. (a) | 3,472 | 718,391 | ||||||
Broadridge Financial Solutions, Inc. | 1,913 | 342,523 | ||||||
Cadence Design Systems, Inc. (a) | 4,395 | 1,029,748 | ||||||
Ceridian HCM Holding, Inc. (a) | 2,513 | 170,507 | ||||||
Electronic Arts, Inc. | 3,986 | 479,914 | ||||||
Fair Isaac Corp. (a) | 405 | 351,755 | ||||||
Fidelity National Information Services, Inc. | 9,606 | 530,924 | ||||||
Fiserv, Inc. (a) | 9,857 | 1,113,447 | ||||||
Intuit, Inc. | 4,528 | 2,313,536 | ||||||
Jack Henry & Associates, Inc. | 1,182 | 178,647 | ||||||
Microsoft Corp. | 120,187 | 37,949,045 | ||||||
MSCI, Inc. | 1,279 | 656,229 | ||||||
Oracle Corp. | 25,455 | 2,696,194 | ||||||
Paychex, Inc. | 5,203 | 600,062 | ||||||
Paycom Software, Inc. | 788 | 204,305 | ||||||
PTC, Inc. (a) | 1,921 | 272,167 | ||||||
Roper Technologies, Inc. | 1,729 | 837,320 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Salesforce, Inc. (a) | 15,749 | $ | 3,193,582 | |||||
ServiceNow, Inc. (a) | 3,304 | 1,846,804 | ||||||
Synopsys, Inc. (a) | 2,460 | 1,129,066 | ||||||
Take-Two Interactive Software, Inc. (a) | 2,571 | 360,943 | ||||||
Tyler Technologies, Inc. (a) | 680 | 262,575 | ||||||
62,762,848 | ||||||||
154,382,498 | ||||||||
Utilities — 2.4% | ||||||||
Electric — 2.2% | ||||||||
AES Corp. | 10,850 | 164,920 | ||||||
Alliant Energy Corp. | 4,075 | 197,434 | ||||||
Ameren Corp. | 4,259 | 318,701 | ||||||
American Electric Power Co., Inc. | 8,348 | 627,937 | ||||||
CenterPoint Energy, Inc. | 10,231 | 274,702 | ||||||
CMS Energy Corp. | 4,729 | 251,157 | ||||||
Consolidated Edison, Inc. | 5,577 | 477,001 | ||||||
Constellation Energy Corp. | 5,200 | 567,216 | ||||||
Dominion Energy, Inc. | 13,553 | 605,413 | ||||||
DTE Energy Co. | 3,342 | 331,794 | ||||||
Duke Energy Corp. | 12,497 | 1,102,985 | ||||||
Edison International | 6,210 | 393,031 | ||||||
Entergy Corp. | 3,428 | 317,090 | ||||||
Evergy, Inc. | 3,724 | 188,807 | ||||||
Eversource Energy | 5,655 | 328,838 | ||||||
Exelon Corp. | 16,129 | 609,515 | ||||||
FirstEnergy Corp. | 8,344 | 285,198 | ||||||
NextEra Energy, Inc. | 32,722 | 1,874,643 | ||||||
NRG Energy, Inc. | 3,733 | 143,795 | ||||||
PG&E Corp. (a) | 33,814 | 545,420 | ||||||
Pinnacle West Capital Corp. | 1,837 | 135,350 | ||||||
PPL Corp. | 11,953 | 281,613 | ||||||
Public Service Enterprise Group, Inc. | 8,092 | 460,516 | ||||||
Sempra | 10,205 | 694,246 | ||||||
Southern Co. | 17,684 | 1,144,508 | ||||||
WEC Energy Group, Inc. | 5,115 | 412,013 | ||||||
Xcel Energy, Inc. | 8,925 | 510,688 | ||||||
13,244,531 | ||||||||
Gas — 0.1% | ||||||||
Atmos Energy Corp. | 2,344 | 248,300 | ||||||
NiSource, Inc. | 6,695 | 165,233 | ||||||
413,533 | ||||||||
Water — 0.1% | ||||||||
American Water Works Co., Inc. | 3,156 | 390,807 | ||||||
14,048,871 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TOTAL COMMON STOCK (Cost $323,762,890) | $ | 581,401,337 | ||||||
TOTAL EQUITIES (Cost $323,762,890) | 581,401,337 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $323,762,890) | 581,401,337 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.6% | ||||||||
Repurchase Agreement — 1.5% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (c) | $ | 8,629,602 | 8,629,602 | |||||
U.S. Treasury Bill — 0.1% | ||||||||
U.S. Treasury Bills | ||||||||
5.294% 10/26/23 (d) (e) | 5,000 | 4,983 | ||||||
5.387% 10/26/23 (d) | 15,000 | 14,947 | ||||||
5.404% 10/26/23 (d) | 580,000 | 577,957 | ||||||
597,887 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $9,227,314) | 9,227,489 | |||||||
TOTAL INVESTMENTS — 100.0% (Cost $332,990,204) (f) | 590,628,826 | |||||||
Other Assets/(Liabilities) — 0.0% | 17,974 | |||||||
NET ASSETS — 100.0% | $ | 590,646,800 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $115,311 or 0.02% of net assets. The Fund received $118,186 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Maturity value of $8,630,753. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $8,802,211. |
(d) | The rate shown represents yield-to-maturity. |
(e) | All or a portion of this security is pledged/held as collateral for open derivatives. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
Futures contracts | ||||||||||||||
Expiration Date | Number of Contracts | Notional Amount | Value/ Net Unrealized Appreciation (Depreciation) | |||||||||||
Long | ||||||||||||||
S&P 500 E Mini Index | 12/15/23 | 43 | $ | 9,718,251 | $ | (418,426) |
MML Focused Equity Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.4% | ||||||||
COMMON STOCK — 96.4% | ||||||||
Basic Materials — 4.3% | ||||||||
Chemicals — 4.3% | ||||||||
Linde PLC (LIN US) | 32,182 | $ | 11,982,967 | |||||
Consumer, Cyclical — 13.6% | ||||||||
Apparel — 4.4% | ||||||||
NIKE, Inc. Class B | 128,481 | 12,285,353 | ||||||
Retail — 9.2% | ||||||||
McDonald's Corp. | 39,478 | 10,400,085 | ||||||
TJX Cos., Inc. | 168,431 | 14,970,147 | ||||||
25,370,232 | ||||||||
37,655,585 | ||||||||
Consumer, Non-cyclical — 34.0% | ||||||||
Beverages — 5.9% | ||||||||
Coca-Cola Co. | 82,022 | 4,591,592 | ||||||
PepsiCo, Inc. | 69,574 | 11,788,618 | ||||||
16,380,210 | ||||||||
Cosmetics & Personal Care — 8.2% | ||||||||
Colgate-Palmolive Co. | 161,162 | 11,460,230 | ||||||
Procter & Gamble Co. | 76,681 | 11,184,690 | ||||||
22,644,920 | ||||||||
Health Care – Products — 11.2% | ||||||||
Danaher Corp. | 53,884 | 13,368,620 | ||||||
Medtronic PLC | 90,296 | 7,075,595 | ||||||
Stryker Corp. | 38,681 | 10,570,357 | ||||||
31,014,572 | ||||||||
Health Care – Services — 5.6% | ||||||||
UnitedHealth Group, Inc. | 30,368 | 15,311,242 | ||||||
Pharmaceuticals — 3.1% | ||||||||
Johnson & Johnson | 54,726 | 8,523,575 | ||||||
93,874,519 | ||||||||
Financial — 20.5% | ||||||||
Diversified Financial Services — 8.5% | ||||||||
American Express Co. | 70,956 | 10,585,925 |
MML Focused Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Visa, Inc. Class A | 56,375 | $ | 12,966,814 | |||||
23,552,739 | ||||||||
Insurance — 8.7% | ||||||||
Chubb Ltd. | 55,338 | 11,520,265 | ||||||
Marsh & McLennan Cos., Inc. | 65,374 | 12,440,672 | ||||||
23,960,937 | ||||||||
Real Estate Investment Trusts (REITS) — 3.3% | ||||||||
American Tower Corp. | 54,511 | 8,964,334 | ||||||
56,478,010 | ||||||||
Industrial — 13.2% | ||||||||
Aerospace & Defense — 6.9% | ||||||||
Lockheed Martin Corp. | 11,403 | 4,663,371 | ||||||
Northrop Grumman Corp. | 32,692 | 14,390,691 | ||||||
19,054,062 | ||||||||
Electronics — 4.4% | ||||||||
Honeywell International, Inc. | 66,546 | 12,293,708 | ||||||
Transportation — 1.9% | ||||||||
Union Pacific Corp. | 25,323 | 5,156,523 | ||||||
36,504,293 | ||||||||
Technology — 10.8% | ||||||||
Computers — 3.8% | ||||||||
Accenture PLC Class A | 34,361 | 10,552,607 | ||||||
Semiconductors — 3.0% | ||||||||
Texas Instruments, Inc. | 51,527 | 8,193,308 | ||||||
Software — 4.0% | ||||||||
Microsoft Corp. | 35,101 | 11,083,141 | ||||||
29,829,056 | ||||||||
TOTAL COMMON STOCK (Cost $242,981,536) | 266,324,430 | |||||||
TOTAL EQUITIES (Cost $242,981,536) | 266,324,430 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $242,981,536) | 266,324,430 |
MML Focused Equity Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
SHORT-TERM INVESTMENTS — 3.7% | ||||||||
Repurchase Agreement — 3.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (a) | $ | 10,232,357 | $ | 10,232,357 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $10,232,357) | 10,232,357 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $253,213,893) (b) | 276,556,787 | |||||||
Other Assets/(Liabilities) — (0.1)% | (205,205) | |||||||
NET ASSETS — 100.0% | $ | 276,351,582 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Maturity value of $10,233,721. Collateralized by U.S. Government Agency obligations with a rate of 0.625%, maturity date of 1/15/26, and an aggregate market value, including accrued interest, of $10,437,079. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Foreign Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.2% | ||||||||
COMMON STOCK — 98.6% | ||||||||
Australia — 4.7% | ||||||||
BHP Group Ltd. | 22,900 | $ | 649,343 | |||||
Glencore PLC | 283,000 | 1,618,422 | ||||||
Macquarie Group Ltd. | 16,000 | 1,721,590 | ||||||
Santos Ltd. | 399,800 | 2,024,459 | ||||||
Sonic Healthcare Ltd. | 57,600 | 1,102,033 | ||||||
Westpac Banking Corp. | 61,800 | 839,598 | ||||||
7,955,445 | ||||||||
Belgium — 3.5% | ||||||||
Anheuser-Busch InBev SA | 55,700 | 3,067,295 | ||||||
Groupe Bruxelles Lambert NV | 14,200 | 1,055,423 | ||||||
KBC Group NV | 28,500 | 1,776,902 | ||||||
5,899,620 | ||||||||
Canada — 0.7% | ||||||||
CCL Industries, Inc. Class B | 17,900 | 751,319 | ||||||
TFI International, Inc. (a) | 3,200 | 410,976 | ||||||
1,162,295 | ||||||||
China — 1.0% | ||||||||
NXP Semiconductors NV | 8,200 | 1,639,344 | ||||||
Denmark — 0.4% | ||||||||
Novo Nordisk AS | 7,200 | 654,954 | ||||||
Finland — 1.1% | ||||||||
Nokia Oyj | 476,200 | 1,790,953 | ||||||
France — 9.1% | ||||||||
Accor SA | 28,900 | 973,067 | ||||||
Amundi SA (b) | 20,500 | 1,149,744 | ||||||
Capgemini SE | 13,800 | 2,396,214 | ||||||
Cie de Saint-Gobain SA | 19,100 | 1,144,253 | ||||||
Engie SA | 65,200 | 999,738 | ||||||
Rexel SA | 24,800 | 555,048 | ||||||
Societe Generale SA | 49,000 | 1,185,323 | ||||||
Sodexo SA | 14,100 | 1,452,120 | ||||||
TotalEnergies SE | 41,800 | 2,750,748 | ||||||
Veolia Environnement SA | 90,612 | 2,621,417 | ||||||
15,227,672 | ||||||||
Germany — 11.1% | ||||||||
Allianz SE Registered | 8,500 | 2,026,923 | ||||||
BASF SE | 21,300 | 966,859 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Bayer AG Registered | 10,200 | $ | 489,905 | |||||
Deutsche Boerse AG | 9,200 | 1,590,177 | ||||||
Deutsche Post AG Registered | 46,800 | 1,907,404 | ||||||
Heidelberg Materials AG | 26,900 | 2,089,660 | ||||||
Infineon Technologies AG | 60,900 | 2,019,744 | ||||||
K&S AG Registered | 23,400 | 425,283 | ||||||
SAP SE | 25,600 | 3,323,034 | ||||||
Siemens AG Registered | 16,500 | 2,365,494 | ||||||
Siemens Energy AG (c) | 36,100 | 472,281 | ||||||
Talanx AG (c) | 6,700 | 424,901 | ||||||
Zalando SE (b) (c) | 24,100 | 538,195 | ||||||
18,639,860 | ||||||||
Hong Kong — 0.9% | ||||||||
CK Asset Holdings Ltd. | 282,200 | 1,484,325 | ||||||
Ireland — 3.9% | ||||||||
AerCap Holdings NV (c) | 39,000 | 2,444,130 | ||||||
AIB Group PLC | 436,900 | 1,967,434 | ||||||
Smurfit Kappa Group PLC | 63,100 | 2,087,558 | ||||||
6,499,122 | ||||||||
Israel — 1.1% | ||||||||
Check Point Software Technologies Ltd. (c) | 13,800 | 1,839,264 | ||||||
Italy — 0.4% | ||||||||
Prysmian SpA | 15,400 | 617,842 | ||||||
Japan — 17.8% | ||||||||
Astellas Pharma, Inc. | 128,700 | 1,777,657 | ||||||
Denka Co. Ltd. (a) | 36,800 | 665,338 | ||||||
FANUC Corp. | 58,500 | 1,527,030 | ||||||
Fujitsu Ltd. | 15,700 | 1,847,211 | ||||||
Hitachi Ltd. | 37,300 | 2,312,389 | ||||||
Kyocera Corp. | 38,300 | 1,942,490 | ||||||
Nintendo Co. Ltd. | 47,000 | 1,958,032 | ||||||
Olympus Corp. | 86,400 | 1,119,404 | ||||||
ORIX Corp. | 128,500 | 2,399,335 | ||||||
Rakuten Group, Inc. | 288,400 | 1,181,082 | ||||||
SBI Holdings, Inc. | 91,800 | 1,932,318 | ||||||
Seven & i Holdings Co. Ltd. | 64,000 | 2,506,213 | ||||||
Sony Group Corp. | 38,800 | 3,173,905 | ||||||
Square Enix Holdings Co. Ltd. | 16,200 | 555,043 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 49,800 | 2,441,355 | ||||||
Toyota Industries Corp. | 30,500 | 2,401,071 | ||||||
29,739,873 | ||||||||
Luxembourg — 0.9% | ||||||||
ArcelorMittal SA | 57,600 | 1,440,569 | ||||||
Netherlands — 4.5% | ||||||||
ASML Holding NV | 3,500 | 2,055,337 | ||||||
EXOR NV (a) | 6,800 | 602,773 | ||||||
Heineken Holding NV | 22,800 | 1,715,946 | ||||||
ING Groep NV | 75,900 | 1,002,656 | ||||||
Koninklijke Philips NV (a) (c) | 35,809 | 713,655 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Shell PLC | 46,500 | $ | 1,476,376 | |||||
7,566,743 | ||||||||
Norway — 1.3% | ||||||||
Aker BP ASA | 61,973 | 1,712,752 | ||||||
DNB Bank ASA | 23,300 | 469,294 | ||||||
2,182,046 | ||||||||
Republic of Korea — 1.8% | ||||||||
Samsung Electronics Co. Ltd. | 60,700 | 3,075,363 | ||||||
Singapore — 1.5% | ||||||||
DBS Group Holdings Ltd. | 100,600 | 2,470,182 | ||||||
Sweden — 2.1% | ||||||||
Essity AB Class B | 47,600 | 1,025,794 | ||||||
Husqvarna AB Class B (a) | 43,000 | 327,894 | ||||||
Skandinaviska Enskilda Banken AB Class A | 108,000 | 1,286,399 | ||||||
Volvo AB Class B | 41,898 | 862,456 | ||||||
3,502,543 | ||||||||
Switzerland — 3.8% | ||||||||
ABB Ltd. Registered | 46,300 | 1,654,588 | ||||||
Cie Financiere Richemont SA Registered Class A | 12,900 | 1,571,768 | ||||||
Julius Baer Group Ltd. | 15,900 | 1,018,965 | ||||||
Novartis AG Registered | 20,900 | 2,132,718 | ||||||
6,378,039 | ||||||||
United Kingdom — 19.0% | ||||||||
Ashtead Group PLC | 25,200 | 1,531,721 | ||||||
Aviva PLC | 141,176 | 667,520 | ||||||
Barratt Developments PLC | 135,100 | 724,752 | ||||||
BP PLC | 430,900 | 2,782,255 | ||||||
Bunzl PLC | 28,500 | 1,011,540 | ||||||
Burberry Group PLC | 23,200 | 538,065 | ||||||
CK Hutchison Holdings Ltd. | 461,500 | 2,459,630 | ||||||
CNH Industrial NV | 140,700 | 1,704,533 | ||||||
DCC PLC | 34,800 | 1,950,949 | ||||||
Dowlais Group PLC | 178,196 | 232,909 | ||||||
Entain PLC | 84,500 | 961,787 | ||||||
Inchcape PLC | 100,700 | 927,024 | ||||||
Informa PLC | 119,200 | 1,086,193 | ||||||
Kingfisher PLC | 171,900 | 465,956 | ||||||
Legal & General Group PLC | 609,700 | 1,647,233 | ||||||
Liberty Global PLC Class C (a) (c) | 37,200 | 690,432 | ||||||
Lloyds Banking Group PLC | 4,364,100 | 2,349,917 | ||||||
Persimmon PLC | 61,100 | 799,907 | ||||||
Reckitt Benckiser Group PLC | 36,900 | 2,607,738 | ||||||
Smith & Nephew PLC | 142,800 | 1,774,952 | ||||||
Tesco PLC | 641,405 | 2,062,349 | ||||||
Unilever PLC (ULVR LN) | 56,800 | 2,802,974 | ||||||
31,780,336 | ||||||||
United States — 8.0% | ||||||||
GSK PLC | 103,300 | 1,867,425 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Linde PLC (LIN US) | 4,700 | $ | 1,750,045 | |||||
Nestle SA Registered | 25,100 | 2,834,327 | ||||||
Roche Holding AG | 12,800 | 3,491,394 | ||||||
Sanofi | 22,800 | 2,446,490 | ||||||
Stellantis NV | 52,200 | 1,001,239 | ||||||
13,390,920 | ||||||||
TOTAL COMMON STOCK (Cost $168,653,461) | 164,937,310 | |||||||
PREFERRED STOCK — 0.6% | ||||||||
Germany — 0.6% | ||||||||
Henkel AG & Co. KGaA 2.753% | 13,100 | 934,978 | ||||||
TOTAL PREFERRED STOCK (Cost $1,022,756) | 934,978 | |||||||
TOTAL EQUITIES (Cost $169,676,217) | 165,872,288 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $169,676,217) | 165,872,288 | |||||||
SHORT-TERM INVESTMENTS — 0.7% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.7% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 1,107,831 | 1,107,831 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,107,831) | 1,107,831 | |||||||
TOTAL INVESTMENTS — 99.9% (Cost $170,784,048) (e) | 166,980,119 | |||||||
Other Assets/(Liabilities) — 0.1% | 247,990 | |||||||
NET ASSETS — 100.0% | $ | 167,228,109 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $3,340,845 or 2.00% of net assets. The Fund received $2,383,266 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(b) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $1,687,939 or 1.01% of net assets. |
(c) | Non-income producing security. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Fundamental Equity Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.1% | ||||||||
COMMON STOCK — 98.1% | ||||||||
Basic Materials — 1.9% | ||||||||
Chemicals — 1.9% | ||||||||
DuPont de Nemours, Inc. | 16,253 | $ | 1,212,311 | |||||
Valvoline, Inc. | 44,903 | 1,447,673 | ||||||
2,659,984 | ||||||||
Communications — 13.0% | ||||||||
Internet — 12.3% | ||||||||
Airbnb, Inc. Class A (a) | 5,613 | 770,160 | ||||||
Alphabet, Inc. Class A (a) | 36,265 | 4,745,638 | ||||||
Amazon.com, Inc. (a) | 35,086 | 4,460,132 | ||||||
Meta Platforms, Inc. Class A (a) | 14,241 | 4,275,291 | ||||||
Netflix, Inc. (a) | 4,024 | 1,519,462 | ||||||
Uber Technologies, Inc. (a) | 26,517 | 1,219,517 | ||||||
16,990,200 | ||||||||
Telecommunications — 0.7% | ||||||||
T-Mobile US, Inc. (a) | 7,130 | 998,556 | ||||||
17,988,756 | ||||||||
Consumer, Cyclical — 4.3% | ||||||||
Auto Manufacturers — 0.3% | ||||||||
Tesla, Inc. (a) | 1,408 | 352,309 | ||||||
Auto Parts & Equipment — 1.1% | ||||||||
Mobileye Global, Inc. Class A (a) | 37,736 | 1,567,931 | ||||||
Retail — 2.9% | ||||||||
Starbucks Corp. | 22,717 | 2,073,381 | ||||||
Walmart, Inc. | 11,940 | 1,909,564 | ||||||
3,982,945 | ||||||||
5,903,185 | ||||||||
Consumer, Non-cyclical — 21.2% | ||||||||
Agriculture — 0.7% | ||||||||
British American Tobacco PLC Sponsored ADR (b) | 31,177 | 979,270 | ||||||
Beverages — 5.1% | ||||||||
Coca-Cola Co. | 29,838 | 1,670,331 | ||||||
Constellation Brands, Inc. Class A | 13,749 | 3,455,536 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
PepsiCo, Inc. | 11,554 | $ | 1,957,710 | |||||
7,083,577 | ||||||||
Biotechnology — 1.2% | ||||||||
Gilead Sciences, Inc. | 21,395 | 1,603,341 | ||||||
Commercial Services — 1.3% | ||||||||
Equifax, Inc. | 9,448 | 1,730,685 | ||||||
Cosmetics & Personal Care — 1.5% | ||||||||
Coty, Inc. Class A (a) | 70,460 | 772,946 | ||||||
Kenvue, Inc. | 65,297 | 1,311,164 | ||||||
2,084,110 | ||||||||
Health Care – Products — 2.7% | ||||||||
Boston Scientific Corp. (a) | 22,038 | 1,163,606 | ||||||
Zimmer Biomet Holdings, Inc. | 22,946 | 2,575,000 | ||||||
3,738,606 | ||||||||
Health Care – Services — 3.3% | ||||||||
HCA Healthcare, Inc. | 7,814 | 1,922,088 | ||||||
Tenet Healthcare Corp. (a) | 16,992 | 1,119,603 | ||||||
UnitedHealth Group, Inc. | 3,142 | 1,584,165 | ||||||
4,625,856 | ||||||||
Pharmaceuticals — 5.4% | ||||||||
AstraZeneca PLC Sponsored ADR | 22,520 | 1,525,054 | ||||||
Becton Dickinson & Co. | 3,980 | 1,028,949 | ||||||
Eli Lilly & Co. | 5,673 | 3,047,139 | ||||||
Merck & Co., Inc. | 18,518 | 1,906,428 | ||||||
7,507,570 | ||||||||
29,353,015 | ||||||||
Energy — 4.6% | ||||||||
Oil & Gas — 3.7% | ||||||||
Exxon Mobil Corp. | 43,021 | 5,058,409 | ||||||
Oil & Gas Services — 0.9% | ||||||||
Schlumberger NV | 21,392 | 1,247,154 | ||||||
6,305,563 | ||||||||
Financial — 15.9% | ||||||||
Banks — 3.6% | ||||||||
Columbia Banking System, Inc. | 18,869 | 383,041 | ||||||
JP Morgan Chase & Co. | 31,572 | 4,578,571 | ||||||
4,961,612 | ||||||||
Diversified Financial Services — 6.6% | ||||||||
American Express Co. | 15,953 | 2,380,028 | ||||||
Charles Schwab Corp. | 49,401 | 2,712,115 | ||||||
Intercontinental Exchange, Inc. | 11,612 | 1,277,552 | ||||||
Mastercard, Inc. Class A | 6,207 | 2,457,414 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Rocket Cos., Inc. Class A (a) | 36,144 | $ | 295,658 | |||||
9,122,767 | ||||||||
Insurance — 3.1% | ||||||||
American International Group, Inc. | 11,422 | 692,173 | ||||||
Arthur J Gallagher & Co. | 5,916 | 1,348,434 | ||||||
Equitable Holdings, Inc. | 81,824 | 2,322,983 | ||||||
4,363,590 | ||||||||
Real Estate Investment Trusts (REITS) — 2.6% | ||||||||
Prologis, Inc. | 32,050 | 3,596,331 | ||||||
22,044,300 | ||||||||
Industrial — 8.6% | ||||||||
Aerospace & Defense — 2.1% | ||||||||
Boeing Co. (a) | 15,036 | 2,882,101 | ||||||
Building Materials — 1.0% | ||||||||
Vulcan Materials Co. | 6,860 | 1,385,857 | ||||||
Electrical Components & Equipment — 0.9% | ||||||||
Emerson Electric Co. | 13,358 | 1,289,982 | ||||||
Electronics — 0.9% | ||||||||
Hubbell, Inc. | 3,735 | 1,170,586 | ||||||
Machinery – Diversified — 1.6% | ||||||||
Deere & Co. | 2,052 | 774,384 | ||||||
Otis Worldwide Corp. | 17,092 | 1,372,658 | ||||||
2,147,042 | ||||||||
Transportation — 2.1% | ||||||||
United Parcel Service, Inc. Class B | 19,002 | 2,961,842 | ||||||
11,837,410 | ||||||||
Technology — 26.5% | ||||||||
Computers — 7.1% | ||||||||
Amdocs Ltd. | 16,631 | 1,405,153 | ||||||
Apple, Inc. | 49,143 | 8,413,773 | ||||||
9,818,926 | ||||||||
Semiconductors — 6.5% | ||||||||
Applied Materials, Inc. | 12,260 | 1,697,397 | ||||||
ARM Holdings PLC ADR (a) | 11,507 | 615,855 | ||||||
NVIDIA Corp. | 10,709 | 4,658,308 | ||||||
QUALCOMM, Inc. | 6,669 | 740,659 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 15,028 | 1,305,933 | ||||||
9,018,152 | ||||||||
Software — 12.9% | ||||||||
Fiserv, Inc. (a) | 15,474 | 1,747,943 | ||||||
Manhattan Associates, Inc. (a) | 2,903 | 573,807 | ||||||
Microsoft Corp. | 32,521 | 10,268,506 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
ServiceNow, Inc. (a) | 4,019 | $ | 2,246,460 | |||||
Snowflake, Inc. Class A (a) | 3,528 | 538,973 | ||||||
Synopsys, Inc. (a) | 3,086 | 1,416,381 | ||||||
Tyler Technologies, Inc. (a) | 2,748 | 1,061,113 | ||||||
17,853,183 | ||||||||
36,690,261 | ||||||||
Utilities — 2.1% | ||||||||
Electric — 2.1% | ||||||||
Dominion Energy, Inc. | 36,741 | 1,641,220 | ||||||
FirstEnergy Corp. | 34,865 | 1,191,686 | ||||||
2,832,906 | ||||||||
2,832,906 | ||||||||
TOTAL COMMON STOCK (Cost $126,554,215) | 135,615,380 | |||||||
TOTAL EQUITIES (Cost $126,554,215) | 135,615,380 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $126,554,215) | 135,615,380 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||
Repurchase Agreement — 1.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (c) | $ | 2,526,248 | 2,526,248 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,526,248) | 2,526,248 | |||||||
TOTAL INVESTMENTS — 99.9% (Cost $129,080,463) (d) | 138,141,628 | |||||||
Other Assets/(Liabilities) — 0.1% | 150,233 | |||||||
NET ASSETS — 100.0% | $ | 138,291,861 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $916,014 or 0.66% of net assets. The Fund received $944,037 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Maturity value of $2,526,585. Collateralized by U.S. Government Agency obligations with a rate of 0.375%, maturity date of 1/31/26, and an aggregate market value, including accrued interest, of $2,576,860. |
(d) | See Note 3 for aggregate cost for federal tax purposes. |
MML Fundamental Value Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.3% | ||||||||
COMMON STOCK — 99.3% | ||||||||
Basic Materials — 1.3% | ||||||||
Chemicals — 1.3% | ||||||||
DuPont de Nemours, Inc. | 19,720 | $ | 1,470,915 | |||||
Olin Corp. | 13,023 | 650,889 | ||||||
2,121,804 | ||||||||
Communications — 9.9% | ||||||||
Advertising — 0.9% | ||||||||
Omnicom Group, Inc. | 18,745 | 1,396,127 | ||||||
Internet — 4.6% | ||||||||
Alphabet, Inc. Class A (a) | 41,629 | 5,447,571 | ||||||
Booking Holdings, Inc. (a) | 430 | 1,326,098 | ||||||
Match Group, Inc. (a) | 14,851 | 581,788 | ||||||
7,355,457 | ||||||||
Media — 0.6% | ||||||||
Warner Bros Discovery, Inc. (a) | 81,409 | 884,102 | ||||||
Telecommunications — 3.8% | ||||||||
Cisco Systems, Inc. | 71,422 | 3,839,647 | ||||||
T-Mobile US, Inc. (a) | 15,758 | 2,206,908 | ||||||
6,046,555 | ||||||||
15,682,241 | ||||||||
Consumer, Cyclical — 7.9% | ||||||||
Auto Parts & Equipment — 0.6% | ||||||||
BorgWarner, Inc. | 24,300 | 980,991 | ||||||
Distribution & Wholesale — 1.4% | ||||||||
LKQ Corp. | 16,715 | 827,560 | ||||||
WESCO International, Inc. | 9,524 | 1,369,742 | ||||||
2,197,302 | ||||||||
Home Furnishing — 1.2% | ||||||||
Sony Group Corp. Sponsored ADR | 15,077 | 1,242,496 | ||||||
Whirlpool Corp. | 5,479 | 732,542 | ||||||
1,975,038 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Lodging — 0.5% | ||||||||
MGM Resorts International | 21,670 | $ | 796,589 | |||||
Retail — 4.2% | ||||||||
AutoZone, Inc. (a) | 1,193 | 3,030,208 | ||||||
Ulta Beauty, Inc. (a) | 2,023 | 808,087 | ||||||
Walmart, Inc. | 17,676 | 2,826,923 | ||||||
6,665,218 | ||||||||
12,615,138 | ||||||||
Consumer, Non-cyclical — 24.6% | ||||||||
Agriculture — 1.7% | ||||||||
Philip Morris International, Inc. | 29,174 | 2,700,929 | ||||||
Beverages — 2.3% | ||||||||
Coca-Cola Europacific Partners PLC | 20,368 | 1,272,593 | ||||||
Keurig Dr Pepper, Inc. | 73,297 | 2,313,986 | ||||||
3,586,579 | ||||||||
Biotechnology — 1.6% | ||||||||
Amgen, Inc. | 7,242 | 1,946,360 | ||||||
Corteva, Inc. | 11,739 | 600,567 | ||||||
2,546,927 | ||||||||
Commercial Services — 3.9% | ||||||||
FleetCor Technologies, Inc. (a) | 7,310 | 1,866,536 | ||||||
Global Payments, Inc. | 18,077 | 2,085,905 | ||||||
United Rentals, Inc. | 4,951 | 2,201,066 | ||||||
6,153,507 | ||||||||
Cosmetics & Personal Care — 0.5% | ||||||||
Kenvue, Inc. | 39,050 | 784,124 | ||||||
Food — 1.1% | ||||||||
US Foods Holding Corp. (a) | 42,853 | 1,701,264 | ||||||
Health Care – Products — 1.1% | ||||||||
Avantor, Inc. (a) | 85,040 | 1,792,643 | ||||||
Health Care – Services — 4.1% | ||||||||
Centene Corp. (a) | 25,295 | 1,742,320 | ||||||
ICON PLC (a) | 8,182 | 2,014,817 | ||||||
UnitedHealth Group, Inc. | 5,595 | 2,820,943 | ||||||
6,578,080 | ||||||||
Pharmaceuticals — 8.3% | ||||||||
Bristol-Myers Squibb Co. | 71,054 | 4,123,974 | ||||||
Cencora, Inc. | 11,626 | 2,092,331 | ||||||
Cigna Group | 7,899 | 2,259,667 | ||||||
McKesson Corp. | 3,922 | 1,705,482 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Sanofi ADR | 56,390 | $ | 3,024,760 | |||||
13,206,214 | ||||||||
39,050,267 | ||||||||
Energy — 12.1% | ||||||||
Coal — 1.1% | ||||||||
Peabody Energy Corp. | 32,906 | 855,227 | ||||||
Teck Resources Ltd. Class B | 20,338 | 876,365 | ||||||
1,731,592 | ||||||||
Oil & Gas — 8.4% | ||||||||
BP PLC Sponsored ADR | 46,058 | 1,783,366 | ||||||
Canadian Natural Resources Ltd. | 36,486 | 2,359,550 | ||||||
Cenovus Energy, Inc. (b) | 124,982 | 2,602,125 | ||||||
ConocoPhillips | 19,464 | 2,331,787 | ||||||
Marathon Petroleum Corp. | 18,786 | 2,843,073 | ||||||
Pioneer Natural Resources Co. | 6,002 | 1,377,759 | ||||||
13,297,660 | ||||||||
Oil & Gas Services — 2.6% | ||||||||
Halliburton Co. | 40,664 | 1,646,892 | ||||||
Schlumberger NV | 42,241 | 2,462,650 | ||||||
4,109,542 | ||||||||
19,138,794 | ||||||||
Financial — 19.0% | ||||||||
Banks — 8.6% | ||||||||
Goldman Sachs Group, Inc. | 5,989 | 1,937,861 | ||||||
JP Morgan Chase & Co. | 41,102 | 5,960,612 | ||||||
Morgan Stanley | 34,332 | 2,803,894 | ||||||
Wells Fargo & Co. | 70,153 | 2,866,452 | ||||||
13,568,819 | ||||||||
Diversified Financial Services — 2.8% | ||||||||
American Express Co. | 8,159 | 1,217,241 | ||||||
Discover Financial Services | 22,384 | 1,939,126 | ||||||
Intercontinental Exchange, Inc. | 11,775 | 1,295,486 | ||||||
4,451,853 | ||||||||
Insurance — 7.1% | ||||||||
Aon PLC Class A | 2,777 | 900,359 | ||||||
Arthur J Gallagher & Co. | 6,452 | 1,470,604 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 16,794 | 5,882,938 | ||||||
Chubb Ltd. | 9,142 | 1,903,182 | ||||||
Progressive Corp. | 8,525 | 1,187,532 | ||||||
11,344,615 | ||||||||
Private Equity — 0.5% | ||||||||
Ares Management Corp. Class A | 7,439 | 765,250 | ||||||
30,130,537 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Industrial — 12.8% | ||||||||
Aerospace & Defense — 3.9% | ||||||||
General Dynamics Corp. | 10,879 | $ | 2,403,932 | |||||
Howmet Aerospace, Inc. | 34,819 | 1,610,379 | ||||||
RTX Corp. | 30,570 | 2,200,123 | ||||||
6,214,434 | ||||||||
Building Materials — 2.4% | ||||||||
CRH PLC (b) | 31,217 | 1,708,506 | ||||||
Masco Corp. | 20,347 | 1,087,547 | ||||||
Mohawk Industries, Inc. (a) | 11,771 | 1,010,070 | ||||||
3,806,123 | ||||||||
Electronics — 1.8% | ||||||||
Allegion PLC | 10,732 | 1,118,274 | ||||||
Fortive Corp. | 22,860 | 1,695,298 | ||||||
2,813,572 | ||||||||
Engineering & Construction — 0.3% | ||||||||
Jacobs Solutions, Inc. | 4,201 | 573,437 | ||||||
Machinery – Construction & Mining — 0.5% | ||||||||
Caterpillar, Inc. | 2,802 | 764,946 | ||||||
Machinery – Diversified — 2.9% | ||||||||
Deere & Co. | 3,519 | 1,328,000 | ||||||
Dover Corp. | 7,080 | 987,731 | ||||||
Otis Worldwide Corp. | 11,594 | 931,114 | ||||||
Westinghouse Air Brake Technologies Corp. | 12,242 | 1,300,957 | ||||||
4,547,802 | ||||||||
Miscellaneous - Manufacturing — 1.0% | ||||||||
Eaton Corp. PLC | 7,271 | 1,550,759 | ||||||
20,271,073 | ||||||||
Technology — 10.4% | ||||||||
Computers — 3.0% | ||||||||
Cognizant Technology Solutions Corp. Class A | 21,493 | 1,455,936 | ||||||
Dell Technologies, Inc. Class C | 28,102 | 1,936,228 | ||||||
Leidos Holdings, Inc. | 14,317 | 1,319,454 | ||||||
4,711,618 | ||||||||
Semiconductors — 6.3% | ||||||||
Advanced Micro Devices, Inc. (a) | 17,383 | 1,787,320 | ||||||
Applied Materials, Inc. | 13,573 | 1,879,182 | ||||||
Lam Research Corp. | 1,512 | 947,676 | ||||||
Microchip Technology, Inc. | 22,571 | 1,761,667 | ||||||
Micron Technology, Inc. | 27,399 | 1,863,954 | ||||||
NXP Semiconductors NV | 2,092 | 418,233 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
QUALCOMM, Inc. | 11,904 | $ | 1,322,058 | |||||
9,980,090 | ||||||||
Software — 1.1% | ||||||||
SS&C Technologies Holdings, Inc. | 21,068 | 1,106,913 | ||||||
Take-Two Interactive Software, Inc. (a) | 5,141 | 721,745 | ||||||
1,828,658 | ||||||||
16,520,366 | ||||||||
Utilities — 1.3% | ||||||||
Electric — 1.3% | ||||||||
CenterPoint Energy, Inc. | 28,992 | 778,435 | ||||||
FirstEnergy Corp. | 35,906 | 1,227,267 | ||||||
2,005,702 | ||||||||
TOTAL COMMON STOCK (Cost $132,810,142) | 157,535,922 | |||||||
TOTAL EQUITIES (Cost $132,810,142) | 157,535,922 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $132,810,142) | 157,535,922 | |||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 337,413 | 337,413 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 1.3% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (d) | $ | 2,039,734 | 2,039,734 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,377,147) | 2,377,147 | |||||||
TOTAL INVESTMENTS — 100.8% (Cost $135,187,289) (e) | 159,913,069 | |||||||
Other Assets/(Liabilities) — (0.8)% | (1,241,366) | |||||||
NET ASSETS — 100.0% | $ | 158,671,703 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $329,891 or 0.21% of net assets. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $2,040,006. Collateralized by U.S. Government Agency obligations with a rate of 0.625%, maturity date of 1/15/26, and an aggregate market value, including accrued interest, of $2,080,555. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Global Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.0% | ||||||||
COMMON STOCK — 99.0% | ||||||||
Austria — 0.5% | ||||||||
Erste Group Bank AG | 18,785 | $ | 648,931 | |||||
Canada — 3.5% | ||||||||
Canadian National Railway Co. (a) | 17,467 | 1,892,200 | ||||||
Canadian Pacific Kansas City Ltd. (a) | 32,490 | 2,417,581 | ||||||
4,309,781 | ||||||||
Denmark — 0.5% | ||||||||
Carlsberg AS Class B | 4,746 | 598,049 | ||||||
France — 8.0% | ||||||||
Air Liquide SA | 7,474 | 1,259,496 | ||||||
Danone SA | 30,082 | 1,657,395 | ||||||
EssilorLuxottica SA | 2,893 | 502,883 | ||||||
Hermes International SCA | 285 | 518,100 | ||||||
Legrand SA | 17,179 | 1,576,633 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 3,455 | 2,606,544 | ||||||
Pernod Ricard SA | 9,477 | 1,577,550 | ||||||
9,698,601 | ||||||||
Germany — 3.9% | ||||||||
Bayer AG Registered | 24,409 | 1,172,362 | ||||||
Brenntag SE | 7,713 | 598,954 | ||||||
Deutsche Boerse AG | 3,771 | 651,800 | ||||||
Merck KGaA | 10,938 | 1,828,187 | ||||||
MTU Aero Engines AG | 2,613 | 474,747 | ||||||
4,726,050 | ||||||||
Israel — 1.2% | ||||||||
Check Point Software Technologies Ltd. (b) | 11,363 | 1,514,461 | ||||||
Japan — 2.5% | ||||||||
Hoya Corp. | 4,800 | 494,657 | ||||||
Kubota Corp. | 86,300 | 1,276,540 | ||||||
Olympus Corp. | 100,600 | 1,303,381 | ||||||
3,074,578 | ||||||||
Mexico — 0.3% | ||||||||
Grupo Financiero Banorte SAB de CV Class O | 46,619 | 390,741 | ||||||
Netherlands — 2.3% | ||||||||
Akzo Nobel NV | 14,149 | 1,021,056 |
MML Global Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Heineken NV | 19,759 | $ | 1,738,151 | |||||
2,759,207 | ||||||||
Republic of Korea — 1.1% | ||||||||
Samsung Electronics Co. Ltd. | 26,793 | 1,357,466 | ||||||
Spain — 1.4% | ||||||||
Aena SME SA (c) | 7,026 | 1,056,824 | ||||||
Cellnex Telecom SA (c) | 18,902 | 657,249 | ||||||
1,714,073 | ||||||||
Sweden — 1.1% | ||||||||
Essity AB Class B | 62,296 | 1,342,497 | ||||||
Switzerland — 4.6% | ||||||||
Adecco Group AG Registered | 8,203 | 336,476 | ||||||
Cie Financiere Richemont SA Registered Class A | 14,477 | 1,763,913 | ||||||
Julius Baer Group Ltd. | 8,874 | 568,698 | ||||||
Sonova Holding AG Registered | 2,808 | 665,435 | ||||||
UBS Group AG Registered | 92,273 | 2,280,782 | ||||||
5,615,304 | ||||||||
United Kingdom — 7.8% | ||||||||
Burberry Group PLC | 33,885 | 785,877 | ||||||
Compass Group PLC | 28,976 | 705,906 | ||||||
Diageo PLC | 63,873 | 2,355,561 | ||||||
Intertek Group PLC | 15,086 | 754,346 | ||||||
London Stock Exchange Group PLC | 9,253 | 928,880 | ||||||
Reckitt Benckiser Group PLC | 22,974 | 1,623,581 | ||||||
Rolls-Royce Holdings PLC (b) | 381,342 | 1,022,248 | ||||||
Whitbread PLC | 14,509 | 610,342 | ||||||
WPP PLC | 76,956 | 685,819 | ||||||
9,472,560 | ||||||||
United States — 60.3% | ||||||||
3M Co. | 9,947 | 931,238 | ||||||
Abbott Laboratories | 16,703 | 1,617,685 | ||||||
Accenture PLC Class A | 9,886 | 3,036,089 | ||||||
Alphabet, Inc. Class A (b) | 20,360 | 2,664,310 | ||||||
American Express Co. | 9,964 | 1,486,529 | ||||||
Amphenol Corp. Class A | 11,053 | 928,341 | ||||||
Aon PLC Class A | 5,501 | 1,783,534 | ||||||
Aptiv PLC (b) | 4,727 | 466,035 | ||||||
Boston Scientific Corp. (b) | 40,180 | 2,121,504 | ||||||
Carrier Global Corp. | 7,560 | 417,312 | ||||||
Charles Schwab Corp. | 39,214 | 2,152,849 | ||||||
Cognizant Technology Solutions Corp. Class A | 19,000 | 1,287,060 | ||||||
Comcast Corp. Class A | 72,763 | 3,226,311 | ||||||
Cooper Cos., Inc. | 3,276 | 1,041,801 | ||||||
eBay, Inc. | 20,142 | 888,061 | ||||||
Equifax, Inc. | 4,531 | 829,988 | ||||||
Experian PLC | 22,670 | 740,610 | ||||||
Fidelity National Information Services, Inc. | 17,519 | 968,275 | ||||||
Fiserv, Inc. (b) | 11,551 | 1,304,801 | ||||||
Goldman Sachs Group, Inc. | 6,652 | 2,152,388 | ||||||
Honeywell International, Inc. | 14,082 | 2,601,509 |
MML Global Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
International Flavors & Fragrances, Inc. | 20,319 | $ | 1,385,146 | |||||
Liberty Broadband Corp. Class C (b) | 17,465 | 1,594,904 | ||||||
Linde PLC (LIN US) | 9,387 | 3,495,249 | ||||||
Marriott International, Inc. Class A | 4,593 | 902,800 | ||||||
Medtronic PLC | 38,574 | 3,022,659 | ||||||
Microchip Technology, Inc. | 9,032 | 704,948 | ||||||
Nestle SA Registered | 23,141 | 2,613,114 | ||||||
Omnicom Group, Inc. | 4,262 | 317,434 | ||||||
Oracle Corp. | 22,528 | 2,386,166 | ||||||
Otis Worldwide Corp. | 8,751 | 702,793 | ||||||
PayPal Holdings, Inc. (b) | 6,181 | 361,341 | ||||||
PPG Industries, Inc. | 9,858 | 1,279,568 | ||||||
Roche Holding AG | 10,319 | 2,814,664 | ||||||
Schneider Electric SE | 21,151 | 3,487,012 | ||||||
Stryker Corp. | 4,525 | 1,236,547 | ||||||
Thermo Fisher Scientific, Inc. | 6,188 | 3,132,180 | ||||||
Union Pacific Corp. | 7,128 | 1,451,475 | ||||||
United Parcel Service, Inc. Class B | 7,024 | 1,094,831 | ||||||
Visa, Inc. Class A | 15,976 | 3,674,640 | ||||||
Walt Disney Co. (b) | 15,851 | 1,284,723 | ||||||
Waters Corp. (b) | 5,732 | 1,571,772 | ||||||
Willis Towers Watson PLC | 11,125 | 2,324,680 | ||||||
73,484,876 | ||||||||
TOTAL COMMON STOCK (Cost $108,729,230) | 120,707,175 | |||||||
TOTAL EQUITIES (Cost $108,729,230) | 120,707,175 | |||||||
WARRANTS — 0.1% | ||||||||
Switzerland — 0.1% | ||||||||
Cie Financiere Richemont SA, Expires 11/22/23, Strike 67.00 (b) | 105,484 | 78,339 | ||||||
TOTAL WARRANTS (Cost $0) | 78,339 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $108,729,230) | 120,785,514 | |||||||
SHORT-TERM INVESTMENTS — 4.2% | ||||||||
Investment of Cash Collateral from Securities Loaned — 3.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 4,355,306 | 4,355,306 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.6% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (e) | $ | 801,340 | 801,340 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,156,646) | 5,156,646 |
MML Global Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL INVESTMENTS — 103.3% (Cost $113,885,876) (f) | $ | 125,942,160 | ||||||
Other Assets/(Liabilities) — (3.3)% | (4,031,992) | |||||||
NET ASSETS — 100.0% | $ | 121,910,168 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $4,266,640 or 3.50% of net assets. (Note 2). |
(b) | Non-income producing security. |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $1,714,073 or 1.41% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $801,447. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $817,406. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Income & Growth Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 97.9% | ||||||||
COMMON STOCK — 97.9% | ||||||||
Basic Materials — 6.8% | ||||||||
Chemicals — 6.8% | ||||||||
Air Products & Chemicals, Inc. | 12,910 | $ | 3,658,694 | |||||
Axalta Coating Systems Ltd. (a) | 46,011 | 1,237,696 | ||||||
DuPont de Nemours, Inc. | 45,309 | 3,379,598 | ||||||
Element Solutions, Inc. | 52,879 | 1,036,957 | ||||||
International Flavors & Fragrances, Inc. | 18,659 | 1,271,984 | ||||||
10,584,929 | ||||||||
Communications — 3.8% | ||||||||
Internet — 0.9% | ||||||||
Alphabet, Inc. Class C (a) | 10,600 | 1,397,610 | ||||||
Media — 2.5% | ||||||||
Comcast Corp. Class A | 86,066 | 3,816,167 | ||||||
Telecommunications — 0.4% | ||||||||
T-Mobile US, Inc. (a) | 4,863 | 681,063 | ||||||
5,894,840 | ||||||||
Consumer, Cyclical — 5.6% | ||||||||
Auto Parts & Equipment — 0.7% | ||||||||
Aptiv PLC (a) | 11,141 | 1,098,391 | ||||||
Entertainment — 0.8% | ||||||||
Marriott Vacations Worldwide Corp. | 5,628 | 566,346 | ||||||
SeaWorld Entertainment, Inc. (a) | 14,213 | 657,351 | ||||||
1,223,697 | ||||||||
Food Services — 0.7% | ||||||||
Aramark | 31,898 | 1,106,861 | ||||||
Home Furnishing — 0.4% | ||||||||
SharkNinja, Inc. (a) (b) | 14,603 | 676,995 | ||||||
Lodging — 1.6% | ||||||||
Las Vegas Sands Corp. | 27,981 | 1,282,649 | ||||||
Wynn Resorts Ltd. | 12,892 | 1,191,350 | ||||||
2,473,999 | ||||||||
Retail — 1.4% | ||||||||
AutoNation, Inc. (a) | 5,094 | 771,232 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Dollar General Corp. | 5,868 | $ | 620,834 | |||||
Lithia Motors, Inc. | 2,928 | 864,726 | ||||||
2,256,792 | ||||||||
8,836,735 | ||||||||
Consumer, Non-cyclical — 24.5% | ||||||||
Agriculture — 3.2% | ||||||||
Philip Morris International, Inc. | 53,364 | 4,940,439 | ||||||
Beverages — 2.5% | ||||||||
Coca-Cola Europacific Partners PLC | 43,996 | 2,748,870 | ||||||
Molson Coors Beverage Co. Class B | 18,896 | 1,201,597 | ||||||
3,950,467 | ||||||||
Commercial Services — 0.5% | ||||||||
U-Haul Holding Co. (UHAL/B US) | 15,270 | 799,995 | ||||||
Cosmetics & Personal Care — 1.0% | ||||||||
Procter & Gamble Co. | 10,607 | 1,547,137 | ||||||
Food — 0.5% | ||||||||
Tyson Foods, Inc. Class A | 15,165 | 765,681 | ||||||
Health Care – Products — 4.1% | ||||||||
Avantor, Inc. (a) | 57,182 | 1,205,396 | ||||||
LivaNova PLC (a) | 11,876 | 628,003 | ||||||
Medtronic PLC | 43,886 | 3,438,907 | ||||||
Smith & Nephew PLC ADR Sponsored ADR | 47,419 | 1,174,569 | ||||||
6,446,875 | ||||||||
Health Care – Services — 4.1% | ||||||||
Elevance Health, Inc. | 2,301 | 1,001,901 | ||||||
Humana, Inc. | 3,261 | 1,586,542 | ||||||
UnitedHealth Group, Inc. | 7,684 | 3,874,196 | ||||||
6,462,639 | ||||||||
Pharmaceuticals — 8.6% | ||||||||
Cigna Group | 12,124 | 3,468,313 | ||||||
CVS Health Corp. | 53,811 | 3,757,084 | ||||||
Johnson & Johnson | 13,153 | 2,048,580 | ||||||
Merck & Co., Inc. | 40,253 | 4,144,046 | ||||||
13,418,023 | ||||||||
38,331,256 | ||||||||
Energy — 10.1% | ||||||||
Oil & Gas — 6.3% | ||||||||
Hess Corp. | 27,110 | 4,147,830 | ||||||
Phillips 66 | 34,513 | 4,146,737 | ||||||
Pioneer Natural Resources Co. | 6,601 | 1,515,260 | ||||||
9,809,827 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Oil & Gas Services — 0.8% | ||||||||
Halliburton Co. | 33,300 | $ | 1,348,650 | |||||
Pipelines — 3.0% | ||||||||
Enbridge, Inc. | 94,490 | 3,136,123 | ||||||
Plains GP Holdings LP Class A | 92,743 | 1,495,017 | ||||||
4,631,140 | ||||||||
15,789,617 | ||||||||
Financial — 20.1% | ||||||||
Banks — 7.6% | ||||||||
JP Morgan Chase & Co. | 13,922 | 2,018,968 | ||||||
M&T Bank Corp. | 17,221 | 2,177,595 | ||||||
Northern Trust Corp. | 30,976 | 2,152,213 | ||||||
US Bancorp | 64,648 | 2,137,263 | ||||||
Wells Fargo & Co. | 82,500 | 3,370,950 | ||||||
11,856,989 | ||||||||
Diversified Financial Services — 1.2% | ||||||||
AerCap Holdings NV (a) | 19,585 | 1,227,392 | ||||||
American Express Co. | 4,423 | 659,867 | ||||||
1,887,259 | ||||||||
Insurance — 7.3% | ||||||||
Allstate Corp. | 33,806 | 3,766,326 | ||||||
American International Group, Inc. | 17,372 | 1,052,743 | ||||||
Axis Capital Holdings Ltd. | 14,203 | 800,623 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 3,065 | 1,073,670 | ||||||
Chubb Ltd. | 16,945 | 3,527,610 | ||||||
Willis Towers Watson PLC | 5,408 | 1,130,056 | ||||||
11,351,028 | ||||||||
Real Estate — 0.6% | ||||||||
Howard Hughes Holdings, Inc. (a) | 13,323 | 987,634 | ||||||
Real Estate Investment Trusts (REITS) — 3.4% | ||||||||
COPT Defense Properties | 57,144 | 1,361,742 | ||||||
Public Storage | 9,160 | 2,413,843 | ||||||
VICI Properties, Inc. | 52,797 | 1,536,393 | ||||||
5,311,978 | ||||||||
31,394,888 | ||||||||
Industrial — 12.1% | ||||||||
Aerospace & Defense — 2.6% | ||||||||
General Dynamics Corp. | 9,570 | 2,114,683 | ||||||
RTX Corp. | 28,337 | 2,039,414 | ||||||
4,154,097 | ||||||||
Building Materials — 2.0% | ||||||||
CRH PLC | 24,830 | 1,358,946 | ||||||
Knife River Corp. (a) | 16,954 | 827,864 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MDU Resources Group, Inc. | 45,966 | $ | 900,014 | |||||
3,086,824 | ||||||||
Engineering & Construction — 0.7% | ||||||||
AECOM | 13,296 | 1,104,100 | ||||||
Hand & Machine Tools — 2.1% | ||||||||
Stanley Black & Decker, Inc. | 39,351 | 3,288,957 | ||||||
Machinery – Construction & Mining — 3.3% | ||||||||
BWX Technologies, Inc. | 20,432 | 1,531,991 | ||||||
Vertiv Holdings Co. | 96,488 | 3,589,354 | ||||||
5,121,345 | ||||||||
Machinery – Diversified — 0.5% | ||||||||
Deere & Co. | 1,940 | 732,117 | ||||||
Transportation — 0.9% | ||||||||
JB Hunt Transport Services, Inc. | 7,308 | 1,377,704 | ||||||
18,865,144 | ||||||||
Technology — 10.0% | ||||||||
Computers — 1.5% | ||||||||
CACI International, Inc. Class A (a) | 3,715 | 1,166,250 | ||||||
Cognizant Technology Solutions Corp. Class A | 17,726 | 1,200,759 | ||||||
2,367,009 | ||||||||
Semiconductors — 3.9% | ||||||||
Broadcom, Inc. | 2,417 | 2,007,512 | ||||||
Microchip Technology, Inc. | 12,730 | 993,576 | ||||||
QUALCOMM, Inc. | 10,616 | 1,179,013 | ||||||
Skyworks Solutions, Inc. | 18,739 | 1,847,478 | ||||||
6,027,579 | ||||||||
Software — 4.6% | ||||||||
Electronic Arts, Inc. | 9,633 | 1,159,813 | ||||||
Fidelity National Information Services, Inc. | 56,140 | 3,102,858 | ||||||
Oracle Corp. | 27,769 | 2,941,293 | ||||||
7,203,964 | ||||||||
15,598,552 | ||||||||
Utilities — 4.9% | ||||||||
Electric — 4.9% | ||||||||
CenterPoint Energy, Inc. | 36,805 | 988,214 | ||||||
Entergy Corp. | 33,985 | 3,143,612 | ||||||
Exelon Corp. | 23,763 | 898,004 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Pinnacle West Capital Corp. | 36,285 | $ | 2,673,479 | |||||
7,703,309 | ||||||||
TOTAL COMMON STOCK (Cost $135,260,005) | 152,999,270 | |||||||
TOTAL EQUITIES (Cost $135,260,005) | 152,999,270 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $135,260,005) | 152,999,270 | |||||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 96,520 | 96,520 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.2% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (d) | $ | 318,898 | 318,898 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $415,418) | 415,418 | |||||||
TOTAL INVESTMENTS — 98.2% (Cost $135,675,423) (e) | 153,414,688 | |||||||
Other Assets/(Liabilities) — 1.8% | 2,785,595 | |||||||
NET ASSETS — 100.0% | $ | 156,200,283 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $94,204 or 0.06% of net assets. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $318,941. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $325,325. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML International Equity Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.0% | ||||||||
COMMON STOCK — 97.4% | ||||||||
Australia — 1.2% | ||||||||
Glencore PLC | 245,844 | $ | 1,405,935 | |||||
Rio Tinto PLC | 21,473 | 1,348,872 | ||||||
2,754,807 | ||||||||
Belgium — 1.0% | ||||||||
Anheuser-Busch InBev SA | 21,500 | 1,183,965 | ||||||
KBC Group NV | 15,300 | 953,916 | ||||||
2,137,881 | ||||||||
Canada — 3.3% | ||||||||
Canadian National Railway Co. (a) | 18,577 | 2,012,447 | ||||||
Intact Financial Corp. | 7,632 | 1,112,673 | ||||||
Open Text Corp. | 36,900 | 1,295,066 | ||||||
Suncor Energy, Inc. | 38,114 | 1,310,734 | ||||||
Toronto-Dominion Bank (a) | 28,245 | 1,701,666 | ||||||
7,432,586 | ||||||||
China — 2.9% | ||||||||
Alibaba Group Holding Ltd. (b) | 113,940 | 1,235,269 | ||||||
NetEase, Inc. | 62,800 | 1,260,745 | ||||||
Prosus NV (PRX NA) (b) | 52,516 | 1,547,624 | ||||||
Tencent Holdings Ltd. | 33,400 | 1,294,419 | ||||||
Vipshop Holdings Ltd. ADR (b) | 17,851 | 285,794 | ||||||
Yum China Holdings, Inc. | 17,763 | 989,754 | ||||||
6,613,605 | ||||||||
Denmark — 2.3% | ||||||||
Carlsberg AS Class B | 9,442 | 1,189,796 | ||||||
DSV AS | 3,220 | 600,309 | ||||||
Novo Nordisk AS | 37,977 | 3,454,610 | ||||||
5,244,715 | ||||||||
France — 16.0% | ||||||||
Accor SA | 38,800 | 1,306,401 | ||||||
Air Liquide SA | 26,991 | 4,548,442 | ||||||
BNP Paribas SA | 38,476 | 2,449,495 | ||||||
Capgemini SE | 26,010 | 4,516,343 | ||||||
Cie de Saint-Gobain SA | 27,772 | 1,663,780 | ||||||
Cie Generale des Etablissements Michelin SCA | 34,153 | 1,046,783 | ||||||
Danone SA | 18,800 | 1,035,803 | ||||||
Dassault Systemes SE | 21,675 | 805,849 | ||||||
Edenred SE | 11,800 | 737,268 | ||||||
Engie SA | 136,738 | 2,096,659 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
EssilorLuxottica SA | 13,160 | $ | 2,287,571 | |||||
Kering SA | 4,030 | 1,832,287 | ||||||
L'Oreal SA | 3,079 | 1,275,135 | ||||||
Legrand SA | 15,599 | 1,431,625 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 4,755 | 3,587,299 | ||||||
Pernod Ricard SA | 12,938 | 2,153,671 | ||||||
Publicis Groupe SA | 13,251 | 1,000,672 | ||||||
Valeo SE | 57,784 | 989,883 | ||||||
Worldline SA (b) (c) | 52,300 | 1,462,429 | ||||||
36,227,395 | ||||||||
Germany — 15.1% | ||||||||
adidas AG | 6,100 | 1,073,990 | ||||||
Allianz SE Registered | 7,385 | 1,761,038 | ||||||
Bayer AG Registered | 80,818 | 3,881,681 | ||||||
Bayerische Motoren Werke AG | 15,700 | 1,599,193 | ||||||
Beiersdorf AG | 22,930 | 2,960,819 | ||||||
Brenntag SE | 11,800 | 916,330 | ||||||
Continental AG | 25,320 | 1,788,913 | ||||||
Daimler Truck Holding AG | 46,090 | 1,598,424 | ||||||
Deutsche Boerse AG | 14,779 | 2,554,481 | ||||||
Fresenius Medical Care AG & Co. KGaA | 38,300 | 1,654,215 | ||||||
Fresenius SE & Co. KGaA | 58,500 | 1,823,579 | ||||||
Henkel AG & Co. KGaA | 12,900 | 814,617 | ||||||
Mercedes-Benz Group AG Registered | 30,998 | 2,159,076 | ||||||
Merck KGaA | 14,869 | 2,485,218 | ||||||
MTU Aero Engines AG | 4,128 | 750,003 | ||||||
SAP SE | 34,371 | 4,461,562 | ||||||
Siemens AG Registered | 8,425 | 1,207,836 | ||||||
thyssenkrupp AG | 83,574 | 638,247 | ||||||
34,129,222 | ||||||||
Hong Kong — 2.4% | ||||||||
AIA Group Ltd. | 324,800 | 2,627,329 | ||||||
Prudential PLC | 263,780 | 2,840,415 | ||||||
5,467,744 | ||||||||
India — 1.2% | ||||||||
Axis Bank Ltd. | 57,582 | 715,504 | ||||||
HDFC Bank Ltd. ADR | 33,459 | 1,974,416 | ||||||
2,689,920 | ||||||||
Indonesia — 0.1% | ||||||||
Bank Mandiri Persero Tbk PT | 293,000 | 114,225 | ||||||
Ireland — 1.4% | ||||||||
Ryanair Holdings PLC Sponsored ADR (b) | 33,481 | 3,254,688 | ||||||
Israel — 0.9% | ||||||||
Check Point Software Technologies Ltd. (b) | 15,427 | 2,056,111 | ||||||
Italy — 2.8% | ||||||||
Eni SpA (a) | 125,809 | 2,020,676 | ||||||
Intesa Sanpaolo SpA | 1,633,161 | 4,196,891 | ||||||
6,217,567 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Japan — 10.6% | ||||||||
Daikin Industries Ltd. | 13,600 | $ | 2,133,639 | |||||
Denso Corp. | 121,600 | 1,951,637 | ||||||
Fujitsu Ltd. | 8,800 | 1,035,380 | ||||||
Hitachi Ltd. | 52,900 | 3,279,501 | ||||||
Hoya Corp. | 12,100 | 1,246,948 | ||||||
Koito Manufacturing Co. Ltd. | 37,100 | 559,624 | ||||||
Komatsu Ltd. | 28,700 | 775,607 | ||||||
Kose Corp. | 10,200 | 739,432 | ||||||
Kubota Corp. | 44,200 | 653,801 | ||||||
Kyocera Corp. | 32,600 | 1,653,399 | ||||||
Mitsubishi Electric Corp. | 84,500 | 1,044,677 | ||||||
Olympus Corp. | 104,700 | 1,356,501 | ||||||
Recruit Holdings Co. Ltd. | 26,100 | 803,736 | ||||||
Seven & i Holdings Co. Ltd. | 18,800 | 736,200 | ||||||
Shin-Etsu Chemical Co. Ltd. | 32,300 | 937,488 | ||||||
SMC Corp. | 3,500 | 1,566,711 | ||||||
Sony Group Corp. | 25,400 | 2,077,763 | ||||||
Terumo Corp. | 46,700 | 1,237,180 | ||||||
ZOZO, Inc. (a) | 15,500 | 284,295 | ||||||
24,073,519 | ||||||||
Luxembourg — 0.4% | ||||||||
Eurofins Scientific SE | 16,900 | 952,864 | ||||||
Netherlands — 2.3% | ||||||||
Akzo Nobel NV | 9,035 | 652,006 | ||||||
EXOR NV (a) | 15,770 | 1,397,901 | ||||||
ING Groep NV | 179,101 | 2,365,965 | ||||||
Randstad NV | 14,915 | 822,142 | ||||||
5,238,014 | ||||||||
Portugal — 0.6% | ||||||||
Galp Energia SGPS SA | 93,452 | 1,384,320 | ||||||
Republic of Korea — 1.2% | ||||||||
NAVER Corp. | 10,435 | 1,557,194 | ||||||
Samsung Electronics Co. Ltd. GDR (c) | 845 | 1,062,900 | ||||||
2,620,094 | ||||||||
Singapore — 0.9% | ||||||||
DBS Group Holdings Ltd. | 77,900 | 1,912,795 | ||||||
Spain — 1.1% | ||||||||
Amadeus IT Group SA | 41,821 | 2,520,288 | ||||||
Sweden — 1.3% | ||||||||
Sandvik AB | 30,200 | 553,689 | ||||||
SKF AB Class B | 79,400 | 1,316,553 | ||||||
Volvo AB Class B | 55,870 | 1,150,064 | ||||||
3,020,306 | ||||||||
Switzerland — 7.4% | ||||||||
Cie Financiere Richemont SA Registered Class A | 26,304 | 3,204,944 | ||||||
Julius Baer Group Ltd. | 18,700 | 1,198,406 | ||||||
Novartis AG Registered | 35,574 | 3,630,111 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Schindler Holding AG | 2,910 | $ | 580,035 | |||||
Sika AG Registered | 4,624 | 1,171,986 | ||||||
Sonova Holding AG Registered | 4,457 | 1,056,212 | ||||||
Swatch Group AG | 3,250 | 833,271 | ||||||
UBS Group AG Registered | 116,067 | 2,868,916 | ||||||
Zurich Insurance Group AG | 4,862 | 2,227,950 | ||||||
16,771,831 | ||||||||
Taiwan — 0.8% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 20,686 | 1,797,613 | ||||||
United Kingdom — 10.9% | ||||||||
Ashtead Group PLC | 12,200 | 741,548 | ||||||
Bunzl PLC | 2,400 | 85,182 | ||||||
CNH Industrial NV | 183,753 | 2,226,106 | ||||||
Compass Group PLC | 153,250 | 3,733,436 | ||||||
Diageo PLC | 55,489 | 2,046,369 | ||||||
Informa PLC | 61,300 | 558,588 | ||||||
Liberty Global PLC Class A (b) | 43,300 | 741,296 | ||||||
Lloyds Banking Group PLC | 5,248,284 | 2,826,020 | ||||||
London Stock Exchange Group PLC | 18,709 | 1,878,138 | ||||||
Reckitt Benckiser Group PLC | 19,327 | 1,365,847 | ||||||
RELX PLC | 77,682 | 2,619,795 | ||||||
Rolls-Royce Holdings PLC (b) | 529,237 | 1,418,704 | ||||||
Schroders PLC | 303,817 | 1,501,626 | ||||||
Smiths Group PLC | 22,100 | 435,452 | ||||||
Tesco PLC | 385,312 | 1,238,917 | ||||||
WPP PLC | 146,592 | 1,306,404 | ||||||
24,723,428 | ||||||||
United States — 9.3% | ||||||||
Experian PLC | 67,825 | 2,215,785 | ||||||
Holcim AG | 18,459 | 1,181,847 | ||||||
Linde PLC (LIN US) | 6,132 | 2,283,250 | ||||||
Nestle SA Registered | 44,624 | 5,039,004 | ||||||
QIAGEN NV (b) | 33,745 | 1,365,728 | ||||||
Roche Holding AG | 17,171 | 4,683,651 | ||||||
Schneider Electric SE | 26,003 | 4,286,927 | ||||||
21,056,192 | ||||||||
TOTAL COMMON STOCK (Cost $232,727,859) | 220,411,730 | |||||||
PREFERRED STOCK — 0.6% | ||||||||
Republic of Korea — 0.6% | ||||||||
Samsung Electronics Co. Ltd. 1.989% | 30,900 | 1,247,515 | ||||||
TOTAL PREFERRED STOCK (Cost $1,610,697) | 1,247,515 | |||||||
TOTAL EQUITIES (Cost $234,338,556) | 221,659,245 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $234,338,556) | 221,659,245 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
SHORT-TERM INVESTMENTS — 4.6% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 2,040,796 | $ | 2,040,796 | |||||
Principal Amount | ||||||||
Repurchase Agreement — 3.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (e) | $ | 8,433,935 | 8,433,935 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $10,474,731) | 10,474,731 | |||||||
TOTAL INVESTMENTS — 102.6% (Cost $244,813,287) (f) | 232,133,976 | |||||||
Other Assets/(Liabilities) — (2.6)% | (5,881,885) | |||||||
NET ASSETS — 100.0% | $ | 226,252,091 |
Abbreviation Legend
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $6,981,014 or 3.09% of net assets. The Fund received $5,243,637 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(b) | Non-income producing security. |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $2,525,329 or 1.12% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $8,435,060. Collateralized by U.S. Government Agency obligations with rates ranging from 0.375% - 0.500%, maturity dates ranging from 1/31/26 - 2/28/26, and an aggregate market value, including accrued interest, of $8,602,649. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Large Cap Growth Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.4% | ||||||||
COMMON STOCK — 98.4% | ||||||||
Communications — 30.7% | ||||||||
Internet — 26.2% | ||||||||
Alibaba Group Holding Ltd. Sponsored ADR (a) | 22,450 | $ | 1,947,313 | |||||
Alphabet, Inc. Class A (a) | 54,673 | 7,154,509 | ||||||
Alphabet, Inc. Class C (a) | 40,062 | 5,282,175 | ||||||
Amazon.com, Inc. (a) | 77,592 | 9,863,495 | ||||||
Meta Platforms, Inc. Class A (a) | 48,818 | 14,655,652 | ||||||
Netflix, Inc. (a) | 19,254 | 7,270,310 | ||||||
Shopify, Inc. Class A (a) | 57,156 | 3,119,003 | ||||||
49,292,457 | ||||||||
Media — 4.5% | ||||||||
FactSet Research Systems, Inc. | 7,141 | 3,122,474 | ||||||
Walt Disney Co. (a) | 64,952 | 5,264,359 | ||||||
8,386,833 | ||||||||
57,679,290 | ||||||||
Consumer, Cyclical — 9.8% | ||||||||
Auto Manufacturers — 6.0% | ||||||||
Tesla, Inc. (a) | 44,940 | 11,244,887 | ||||||
Retail — 3.8% | ||||||||
Starbucks Corp. | 38,257 | 3,491,716 | ||||||
Yum China Holdings, Inc. | 21,949 | 1,222,998 | ||||||
Yum! Brands, Inc. | 18,755 | 2,343,250 | ||||||
7,057,964 | ||||||||
18,302,851 | ||||||||
Consumer, Non-cyclical — 18.4% | ||||||||
Beverages — 3.2% | ||||||||
Monster Beverage Corp. (a) | 112,976 | 5,982,079 | ||||||
Biotechnology — 6.3% | ||||||||
Illumina, Inc. (a) | 17,873 | 2,453,606 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 5,349 | 4,402,013 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 14,377 | 4,999,458 | ||||||
11,855,077 | ||||||||
Commercial Services — 1.8% | ||||||||
Block, Inc. (a) | 34,453 | 1,524,890 |
MML Large Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
PayPal Holdings, Inc. (a) | 31,250 | $ | 1,826,875 | |||||
3,351,765 | ||||||||
Health Care – Products — 2.6% | ||||||||
Intuitive Surgical, Inc. (a) | 8,274 | 2,418,407 | ||||||
Thermo Fisher Scientific, Inc. | 4,728 | 2,393,172 | ||||||
4,811,579 | ||||||||
Pharmaceuticals — 4.5% | ||||||||
Novartis AG Sponsored ADR | 27,103 | 2,760,712 | ||||||
Novo Nordisk AS Sponsored ADR | 40,742 | 3,705,077 | ||||||
Roche Holding AG Sponsored ADR | 61,653 | 2,091,886 | ||||||
8,557,675 | ||||||||
34,558,175 | ||||||||
Financial — 6.9% | ||||||||
Diversified Financial Services — 6.9% | ||||||||
SEI Investments Co. | 40,676 | 2,449,916 | ||||||
Visa, Inc. Class A | 45,423 | 10,447,744 | ||||||
12,897,660 | ||||||||
Industrial — 7.1% | ||||||||
Aerospace & Defense — 4.8% | ||||||||
Boeing Co. (a) | 46,957 | 9,000,718 | ||||||
Machinery – Diversified — 0.7% | ||||||||
Deere & Co. | 3,342 | 1,261,204 | ||||||
Transportation — 1.6% | ||||||||
Expeditors International of Washington, Inc. | 27,101 | 3,106,587 | ||||||
13,368,509 | ||||||||
Technology — 25.5% | ||||||||
Semiconductors — 9.0% | ||||||||
NVIDIA Corp. | 32,241 | 14,024,513 | ||||||
QUALCOMM, Inc. | 26,237 | 2,913,881 | ||||||
16,938,394 | ||||||||
Software — 16.5% | ||||||||
Autodesk, Inc. (a) | 27,331 | 5,655,057 | ||||||
Microsoft Corp. | 28,576 | 9,022,872 | ||||||
Oracle Corp. | 82,172 | 8,703,658 | ||||||
Salesforce, Inc. (a) | 27,442 | 5,564,689 |
MML Large Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Workday, Inc. Class A (a) | 9,522 | $ | 2,045,802 | |||||
30,992,078 | ||||||||
47,930,472 | ||||||||
TOTAL COMMON STOCK (Cost $154,037,908) | 184,736,957 | |||||||
TOTAL EQUITIES (Cost $154,037,908) | 184,736,957 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $154,037,908) | 184,736,957 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||
Repurchase Agreement — 1.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (b) | $ | 3,279,897 | 3,279,897 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,279,897) | 3,279,897 | |||||||
TOTAL INVESTMENTS — 100.2% (Cost $157,317,805) (c) | 188,016,854 | |||||||
Other Assets/(Liabilities) — (0.2)% | (342,360) | |||||||
NET ASSETS — 100.0% | $ | 187,674,494 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $3,280,335. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26 , and an aggregate market value, including accrued interest, of $3,345,578. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Managed Volatility Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 97.8% | ||||||||
COMMON STOCK — 97.8% | ||||||||
Basic Materials — 1.9% | ||||||||
Chemicals — 1.5% | ||||||||
Air Products & Chemicals, Inc. (a) | 596 | $ | 168,906 | |||||
Albemarle Corp. (a) | 330 | 56,113 | ||||||
Celanese Corp. (a) | 248 | 31,129 | ||||||
CF Industries Holdings, Inc. (a) | 510 | 43,727 | ||||||
Dow, Inc. (a) | 1,821 | 93,891 | ||||||
DuPont de Nemours, Inc. (a) | 1,219 | 90,925 | ||||||
Eastman Chemical Co. (a) | 327 | 25,088 | ||||||
Ecolab, Inc. (a) | 662 | 112,143 | ||||||
FMC Corp. (a) | 313 | 20,962 | ||||||
International Flavors & Fragrances, Inc. (a) | 723 | 49,287 | ||||||
Linde PLC (LIN US) (a) | 1,324 | 492,991 | ||||||
LyondellBasell Industries NV Class A (a) | 693 | 65,627 | ||||||
Mosaic Co. (a) | 859 | 30,580 | ||||||
PPG Industries, Inc. (a) | 637 | 82,683 | ||||||
Sherwin-Williams Co. (a) | 639 | 162,977 | ||||||
1,527,029 | ||||||||
Forest Products & Paper — 0.0% | ||||||||
International Paper Co. (a) | 898 | 31,852 | ||||||
Iron & Steel — 0.2% | ||||||||
Nucor Corp. (a) | 675 | 105,536 | ||||||
Steel Dynamics, Inc. (a) | 443 | 47,499 | ||||||
153,035 | ||||||||
Mining — 0.2% | ||||||||
Freeport-McMoRan, Inc. (a) | 3,859 | 143,902 | ||||||
Newmont Corp. (a) | 2,139 | 79,036 | ||||||
222,938 | ||||||||
1,934,854 | ||||||||
Communications — 13.4% | ||||||||
Advertising — 0.1% | ||||||||
Interpublic Group of Cos., Inc. (a) | 1,066 | 30,551 | ||||||
Omnicom Group, Inc. (a) | 558 | 41,560 | ||||||
72,111 | ||||||||
Internet — 10.3% | ||||||||
Airbnb, Inc. Class A (a) (b) | 1,143 | 156,831 | ||||||
Alphabet, Inc. Class A (a) (b) | 15,982 | 2,091,405 | ||||||
Alphabet, Inc. Class C (a) (b) | 13,687 | 1,804,631 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Amazon.com, Inc. (a) (b) | 24,530 | $ | 3,118,254 | |||||
Booking Holdings, Inc. (a) (b) | 96 | 296,059 | ||||||
CDW Corp. (a) | 348 | 70,212 | ||||||
eBay, Inc. (a) | 1,462 | 64,460 | ||||||
Etsy, Inc. (a) (b) | 321 | 20,730 | ||||||
Expedia Group, Inc. (a) (b) | 370 | 38,136 | ||||||
F5, Inc. (a) (b) | 177 | 28,522 | ||||||
Gen Digital, Inc. (a) | 1,715 | 30,321 | ||||||
Match Group, Inc. (a) (b) | 739 | 28,950 | ||||||
Meta Platforms, Inc. Class A (a) (b) | 5,994 | 1,799,459 | ||||||
Netflix, Inc. (a) (b) | 1,203 | 454,253 | ||||||
Palo Alto Networks, Inc. (a) (b) | 816 | 191,303 | ||||||
VeriSign, Inc. (a) (b) | 242 | 49,012 | ||||||
10,242,538 | ||||||||
Media — 1.2% | ||||||||
Charter Communications, Inc. Class A (a) (b) | 269 | 118,312 | ||||||
Comcast Corp. Class A (a) | 11,233 | 498,071 | ||||||
FactSet Research Systems, Inc. (a) | 97 | 42,414 | ||||||
Fox Corp. Class A (a) | 576 | 17,971 | ||||||
Fox Corp. Class B (a) | 505 | 14,585 | ||||||
News Corp. Class A (a) | 573 | 11,494 | ||||||
News Corp. Class B (a) | 716 | 14,943 | ||||||
Paramount Global Class B (a) | 1,322 | 17,054 | ||||||
Walt Disney Co. (a) (b) | 4,929 | 399,496 | ||||||
Warner Bros Discovery, Inc. (a) (b) | 5,891 | 63,976 | ||||||
1,198,316 | ||||||||
Telecommunications — 1.8% | ||||||||
Arista Networks, Inc. (a) (b) | 672 | 123,601 | ||||||
AT&T, Inc. (a) | 19,522 | 293,220 | ||||||
Cisco Systems, Inc. (a) | 11,091 | 596,252 | ||||||
Corning, Inc. (a) | 2,009 | 61,214 | ||||||
Juniper Networks, Inc. (a) | 826 | 22,954 | ||||||
Motorola Solutions, Inc. (a) | 457 | 124,414 | ||||||
T-Mobile US, Inc. (a) (b) | 1,374 | 192,429 | ||||||
Verizon Communications, Inc. (a) | 11,331 | 367,238 | ||||||
1,781,322 | ||||||||
13,294,287 | ||||||||
Consumer, Cyclical — 9.0% | ||||||||
Airlines — 0.2% | ||||||||
Alaska Air Group, Inc. (a) (b) | 399 | 14,795 | ||||||
American Airlines Group, Inc. (a) (b) | 1,709 | 21,893 | ||||||
Delta Air Lines, Inc. (a) | 1,764 | 65,268 | ||||||
Southwest Airlines Co. (a) | 1,575 | 42,635 | ||||||
United Airlines Holdings, Inc. (a) (b) | 887 | 37,520 | ||||||
182,111 | ||||||||
Apparel — 0.4% | ||||||||
NIKE, Inc. Class B (a) | 3,313 | 316,789 | ||||||
Ralph Lauren Corp. (a) | 120 | 13,931 | ||||||
Tapestry, Inc. (a) | 676 | 19,435 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
VF Corp. (a) | 995 | $ | 17,582 | |||||
367,737 | ||||||||
Auto Manufacturers — 2.4% | ||||||||
Cummins, Inc. (a) | 363 | 82,931 | ||||||
Ford Motor Co. (a) | 10,572 | 131,304 | ||||||
General Motors Co. (a) | 3,719 | 122,616 | ||||||
PACCAR, Inc. (a) | 1,420 | 120,728 | ||||||
Tesla, Inc. (a) (b) | 7,460 | 1,866,641 | ||||||
2,324,220 | ||||||||
Auto Parts & Equipment — 0.1% | ||||||||
Aptiv PLC (a) (b) | 728 | 71,774 | ||||||
BorgWarner, Inc. (a) | 693 | 27,976 | ||||||
99,750 | ||||||||
Distribution & Wholesale — 0.3% | ||||||||
Copart, Inc. (a) (b) | 2,422 | 104,364 | ||||||
Fastenal Co. (a) | 1,520 | 83,053 | ||||||
LKQ Corp. (a) | 671 | 33,221 | ||||||
Pool Corp. (a) | 102 | 36,322 | ||||||
W.W. Grainger, Inc. (a) | 118 | 81,637 | ||||||
338,597 | ||||||||
Entertainment — 0.1% | ||||||||
Caesars Entertainment, Inc. (a) (b) | 584 | 27,069 | ||||||
Live Nation Entertainment, Inc. (a) (b) | 379 | 31,472 | ||||||
58,541 | ||||||||
Home Builders — 0.3% | ||||||||
DR Horton, Inc. (a) | 862 | 92,639 | ||||||
Lennar Corp. Class A (a) | 660 | 74,072 | ||||||
NVR, Inc. (a) (b) | 8 | 47,706 | ||||||
PulteGroup, Inc. (a) | 580 | 42,949 | ||||||
257,366 | ||||||||
Home Furnishing — 0.0% | ||||||||
Whirlpool Corp. (a) | 154 | 20,590 | ||||||
Leisure Time — 0.1% | ||||||||
Carnival Corp. (a) (b) | 2,762 | 37,894 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) (b) | 1,239 | 20,419 | ||||||
Royal Caribbean Cruises Ltd. (a) (b) | 608 | 56,021 | ||||||
114,334 | ||||||||
Lodging — 0.3% | ||||||||
Hilton Worldwide Holdings, Inc. (a) | 741 | 111,284 | ||||||
Las Vegas Sands Corp. (a) | 886 | 40,614 | ||||||
Marriott International, Inc. Class A (a) | 661 | 129,926 | ||||||
MGM Resorts International (a) | 763 | 28,048 | ||||||
Wynn Resorts Ltd. (a) | 273 | 25,228 | ||||||
335,100 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 4.8% | ||||||||
AutoZone, Inc. (a) (b) | 49 | $ | 124,460 | |||||
Bath & Body Works, Inc. (a) | 593 | 20,043 | ||||||
Best Buy Co., Inc. (a) | 564 | 39,181 | ||||||
CarMax, Inc. (a) (b) | 410 | 28,999 | ||||||
Chipotle Mexican Grill, Inc. (a) (b) | 74 | 135,555 | ||||||
Costco Wholesale Corp. (a) | 1,198 | 676,822 | ||||||
Darden Restaurants, Inc. (a) | 334 | 47,836 | ||||||
Dollar General Corp. (a) | 589 | 62,316 | ||||||
Dollar Tree, Inc. (a) (b) | 579 | 61,635 | ||||||
Domino's Pizza, Inc. (a) | 103 | 39,015 | ||||||
Genuine Parts Co. (a) | 410 | 59,196 | ||||||
Home Depot, Inc. (a) | 2,707 | 817,947 | ||||||
Lowe's Cos., Inc. (a) | 1,571 | 326,517 | ||||||
McDonald's Corp. (a) | 1,973 | 519,767 | ||||||
O'Reilly Automotive, Inc. (a) (b) | 168 | 152,689 | ||||||
Ross Stores, Inc. (a) | 911 | 102,897 | ||||||
Starbucks Corp. (a) | 3,087 | 281,751 | ||||||
Target Corp. (a) | 1,285 | 142,082 | ||||||
TJX Cos., Inc. (a) | 3,144 | 279,439 | ||||||
Tractor Supply Co. (a) | 284 | 57,666 | ||||||
Ulta Beauty, Inc. (a) (b) | 136 | 54,325 | ||||||
Walgreens Boots Alliance, Inc. (a) | 1,900 | 42,256 | ||||||
Walmart, Inc. (a) | 3,797 | 607,254 | ||||||
Yum! Brands, Inc. (a) | 786 | 98,203 | ||||||
4,777,851 | ||||||||
Toys, Games & Hobbies — 0.0% | ||||||||
Hasbro, Inc. (a) | 336 | 22,223 | ||||||
8,898,420 | ||||||||
Consumer, Non-cyclical — 19.6% | ||||||||
Agriculture — 0.8% | ||||||||
Altria Group, Inc. (a) | 4,886 | 205,457 | ||||||
Archer-Daniels-Midland Co. (a) | 1,453 | 109,585 | ||||||
Bunge Ltd. (a) | 392 | 42,434 | ||||||
Philip Morris International, Inc. (a) | 4,252 | 393,650 | ||||||
751,126 | ||||||||
Beverages — 1.6% | ||||||||
Brown-Forman Corp. Class B (a) | 476 | 27,460 | ||||||
Coca-Cola Co. (a) | 10,488 | 587,118 | ||||||
Constellation Brands, Inc. Class A (a) | 455 | 114,355 | ||||||
Keurig Dr Pepper, Inc. (a) | 2,411 | 76,115 | ||||||
Molson Coors Beverage Co. Class B (a) | 488 | 31,032 | ||||||
Monster Beverage Corp. (a) (b) | 1,970 | 104,312 | ||||||
PepsiCo, Inc. (a) | 3,715 | 629,470 | ||||||
1,569,862 | ||||||||
Biotechnology — 1.5% | ||||||||
Amgen, Inc. (a) | 1,443 | 387,821 | ||||||
Bio-Rad Laboratories, Inc. Class A (a) (b) | 62 | 22,224 | ||||||
Biogen, Inc. (a) (b) | 385 | 98,949 | ||||||
Corteva, Inc. (a) | 2,004 | 102,525 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Gilead Sciences, Inc. (a) | 3,364 | $ | 252,098 | |||||
Illumina, Inc. (a) (b) | 423 | 58,069 | ||||||
Incyte Corp. (a) (b) | 544 | 31,427 | ||||||
Moderna, Inc. (a) (b) | 898 | 92,754 | ||||||
Regeneron Pharmaceuticals, Inc. (a) (b) | 286 | 235,367 | ||||||
Vertex Pharmaceuticals, Inc. (a) (b) | 703 | 244,461 | ||||||
1,525,695 | ||||||||
Commercial Services — 1.7% | ||||||||
Automatic Data Processing, Inc. (a) | 1,111 | 267,284 | ||||||
Cintas Corp. (a) | 243 | 116,886 | ||||||
CoStar Group, Inc. (a) (b) | 1,145 | 88,039 | ||||||
Equifax, Inc. (a) | 337 | 61,732 | ||||||
FleetCor Technologies, Inc. (a) (b) | 203 | 51,834 | ||||||
Gartner, Inc. (a) (b) | 213 | 73,189 | ||||||
Global Payments, Inc. (a) | 698 | 80,542 | ||||||
MarketAxess Holdings, Inc. (a) | 111 | 23,714 | ||||||
Moody's Corp. (a) | 419 | 132,475 | ||||||
PayPal Holdings, Inc. (a) (b) | 3,002 | 175,497 | ||||||
Quanta Services, Inc. (a) | 415 | 77,634 | ||||||
Robert Half, Inc. (a) | 262 | 19,199 | ||||||
Rollins, Inc. (a) | 571 | 21,315 | ||||||
S&P Global, Inc. (a) | 875 | 319,734 | ||||||
United Rentals, Inc. (a) | 186 | 82,690 | ||||||
Verisk Analytics, Inc. (a) | 398 | 94,024 | ||||||
1,685,788 | ||||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Colgate-Palmolive Co. (a) | 2,281 | 162,202 | ||||||
Estee Lauder Cos., Inc. Class A (a) | 618 | 89,332 | ||||||
Kenvue, Inc. (a) | 4,599 | 92,348 | ||||||
Procter & Gamble Co. (a) | 6,392 | 932,337 | ||||||
1,276,219 | ||||||||
Food — 1.0% | ||||||||
Campbell Soup Co. (a) | 536 | 22,019 | ||||||
Conagra Brands, Inc. (a) | 1,222 | 33,507 | ||||||
General Mills, Inc. (a) | 1,562 | 99,952 | ||||||
Hershey Co. (a) | 412 | 82,433 | ||||||
Hormel Foods Corp. (a) | 709 | 26,963 | ||||||
J. M. Smucker Co. (a) | 267 | 32,817 | ||||||
Kellogg Co. (a) | 720 | 42,847 | ||||||
Kraft Heinz Co. (a) | 2,309 | 77,675 | ||||||
Kroger Co. (a) | 1,797 | 80,416 | ||||||
Lamb Weston Holdings, Inc. (a) | 410 | 37,909 | ||||||
McCormick & Co., Inc. (a) | 725 | 54,839 | ||||||
Mondelez International, Inc. Class A (a) | 3,694 | 256,364 | ||||||
Sysco Corp. (a) | 1,386 | 91,545 | ||||||
Tyson Foods, Inc. Class A (a) | 771 | 38,928 | ||||||
978,214 | ||||||||
Health Care – Products — 3.4% | ||||||||
Abbott Laboratories (a) | 4,702 | 455,389 | ||||||
Align Technology, Inc. (a) (b) | 196 | 59,843 | ||||||
Baxter International, Inc. (a) | 1,340 | 50,572 | ||||||
Bio-Techne Corp. (a) | 443 | 30,155 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Boston Scientific Corp. (a) (b) | 3,855 | $ | 203,544 | |||||
Cooper Cos., Inc. (a) | 134 | 42,613 | ||||||
Danaher Corp. (a) | 1,793 | 444,843 | ||||||
DENTSPLY SIRONA, Inc. (a) | 591 | 20,189 | ||||||
Edwards Lifesciences Corp. (a) (b) | 1,647 | 114,104 | ||||||
GE HealthCare Technologies, Inc. (a) (b) | 1,010 | 68,720 | ||||||
Hologic, Inc. (a) (b) | 657 | 45,596 | ||||||
IDEXX Laboratories, Inc. (a) (b) | 221 | 96,637 | ||||||
Insulet Corp. (a) (b) | 193 | 30,782 | ||||||
Intuitive Surgical, Inc. (a) (b) | 945 | 276,214 | ||||||
Medtronic PLC (a) | 3,654 | 286,327 | ||||||
ResMed, Inc. (a) | 393 | 58,113 | ||||||
Revvity, Inc. (a) | 326 | 36,088 | ||||||
Steris PLC (a) | 281 | 61,657 | ||||||
Stryker Corp. (a) | 926 | 253,048 | ||||||
Teleflex, Inc. (a) | 134 | 26,319 | ||||||
Thermo Fisher Scientific, Inc. (a) | 1,042 | 527,429 | ||||||
Waters Corp. (a) (b) | 143 | 39,212 | ||||||
West Pharmaceutical Services, Inc. (a) | 207 | 77,668 | ||||||
Zimmer Biomet Holdings, Inc. (a) | 547 | 61,384 | ||||||
3,366,446 | ||||||||
Health Care – Services — 2.3% | ||||||||
Catalent, Inc. (a) (b) | 476 | 21,672 | ||||||
Centene Corp. (a) (b) | 1,512 | 104,147 | ||||||
Charles River Laboratories International, Inc. (a) (b) | 154 | 30,181 | ||||||
DaVita, Inc. (a) (b) | 138 | 13,045 | ||||||
Elevance Health, Inc. (a) | 638 | 277,798 | ||||||
HCA Healthcare, Inc. (a) | 532 | 130,861 | ||||||
Humana, Inc. (a) | 333 | 162,011 | ||||||
IQVIA Holdings, Inc. (a) (b) | 494 | 97,195 | ||||||
Laboratory Corp. of America Holdings (a) | 226 | 45,437 | ||||||
Molina Healthcare, Inc. (a) (b) | 161 | 52,790 | ||||||
Quest Diagnostics, Inc. (a) | 315 | 38,386 | ||||||
UnitedHealth Group, Inc. (a) | 2,497 | 1,258,963 | ||||||
Universal Health Services, Inc. Class B (a) | 182 | 22,883 | ||||||
2,255,369 | ||||||||
Household Products & Wares — 0.2% | ||||||||
Avery Dennison Corp. (a) | 234 | 42,745 | ||||||
Church & Dwight Co., Inc. (a) | 622 | 56,994 | ||||||
Clorox Co. (a) | 320 | 41,939 | ||||||
Kimberly-Clark Corp. (a) | 889 | 107,435 | ||||||
249,113 | ||||||||
Pharmaceuticals — 5.8% | ||||||||
AbbVie, Inc. (a) | 4,777 | 712,060 | ||||||
Becton Dickinson & Co. (a) | 788 | 203,722 | ||||||
Bristol-Myers Squibb Co. (a) | 5,664 | 328,738 | ||||||
Cardinal Health, Inc. (a) | 671 | 58,256 | ||||||
Cencora, Inc. (a) | 452 | 81,346 | ||||||
Cigna Group (a) | 807 | 230,858 | ||||||
CVS Health Corp. (a) | 3,508 | 244,929 | ||||||
Dexcom, Inc. (a) (b) | 1,044 | 97,405 | ||||||
Eli Lilly & Co. (a) | 2,152 | 1,155,904 | ||||||
Henry Schein, Inc. (a) (b) | 327 | 24,280 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Johnson & Johnson (a) | 6,486 | $ | 1,010,194 | |||||
McKesson Corp. (a) | 368 | 160,025 | ||||||
Merck & Co., Inc. (a) | 6,867 | 706,958 | ||||||
Organon & Co. (a) | 703 | 12,204 | ||||||
Pfizer, Inc. (a) | 15,260 | 506,174 | ||||||
Viatris, Inc. (a) | 3,538 | 34,885 | ||||||
Zoetis, Inc. (a) | 1,244 | 216,431 | ||||||
5,784,369 | ||||||||
19,442,201 | ||||||||
Energy — 4.7% | ||||||||
Energy – Alternate Sources — 0.1% | ||||||||
Enphase Energy, Inc. (a) (b) | 375 | 45,056 | ||||||
First Solar, Inc. (a) (b) | 267 | 43,145 | ||||||
SolarEdge Technologies, Inc. (a) (b) | 150 | 19,426 | ||||||
107,627 | ||||||||
Oil & Gas — 3.9% | ||||||||
APA Corp. (a) | 881 | 36,209 | ||||||
Chevron Corp. (a) | 4,774 | 804,992 | ||||||
ConocoPhillips (a) | 3,251 | 389,470 | ||||||
Coterra Energy, Inc. (a) | 1,971 | 53,315 | ||||||
Devon Energy Corp. (a) | 1,807 | 86,194 | ||||||
Diamondback Energy, Inc. (a) | 485 | 75,117 | ||||||
EOG Resources, Inc. (a) | 1,588 | 201,295 | ||||||
EQT Corp. (a) | 1,017 | 41,270 | ||||||
Exxon Mobil Corp. (a) | 10,797 | 1,269,511 | ||||||
Hess Corp. (a) | 773 | 118,269 | ||||||
Marathon Oil Corp. (a) | 1,807 | 48,337 | ||||||
Marathon Petroleum Corp. (a) | 1,068 | 161,631 | ||||||
Occidental Petroleum Corp. (a) | 1,756 | 113,929 | ||||||
Phillips 66 (a) | 1,187 | 142,618 | ||||||
Pioneer Natural Resources Co. (a) | 618 | 141,862 | ||||||
Valero Energy Corp. (a) | 942 | 133,491 | ||||||
3,817,510 | ||||||||
Oil & Gas Services — 0.4% | ||||||||
Baker Hughes Co. (a) | 2,777 | 98,084 | ||||||
Halliburton Co. (a) | 2,389 | 96,755 | ||||||
Schlumberger NV (a) | 3,838 | 223,755 | ||||||
418,594 | ||||||||
Pipelines — 0.3% | ||||||||
Kinder Morgan, Inc. (a) | 5,257 | 87,161 | ||||||
ONEOK, Inc. (a) | 1,211 | 76,814 | ||||||
Targa Resources Corp. (a) | 556 | 47,660 | ||||||
Williams Cos., Inc. (a) | 3,352 | 112,929 | ||||||
324,564 | ||||||||
4,668,295 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Financial — 13.5% | ||||||||
Banks — 3.7% | ||||||||
Bank of America Corp. (a) | 18,739 | $ | 513,074 | |||||
Bank of New York Mellon Corp. (a) | 1,938 | 82,656 | ||||||
Citigroup, Inc. (a) | 5,193 | 213,588 | ||||||
Citizens Financial Group, Inc. (a) | 1,189 | 31,865 | ||||||
Comerica, Inc. (a) | 326 | 13,545 | ||||||
Fifth Third Bancorp (a) | 1,799 | 45,569 | ||||||
Goldman Sachs Group, Inc. (a) | 893 | 288,948 | ||||||
Huntington Bancshares, Inc. (a) | 3,637 | 37,825 | ||||||
JP Morgan Chase & Co. (a) | 7,852 | 1,138,697 | ||||||
KeyCorp. (a) | 2,789 | 30,010 | ||||||
M&T Bank Corp. (a) | 442 | 55,891 | ||||||
Morgan Stanley (a) | 3,428 | 279,965 | ||||||
Northern Trust Corp. (a) | 572 | 39,742 | ||||||
PNC Financial Services Group, Inc. (a) | 1,061 | 130,259 | ||||||
Regions Financial Corp. (a) | 2,764 | 47,541 | ||||||
State Street Corp. (a) | 865 | 57,920 | ||||||
Truist Financial Corp. (a) | 3,679 | 105,256 | ||||||
US Bancorp (a) | 4,148 | 137,133 | ||||||
Wells Fargo & Co. (a) | 9,857 | 402,757 | ||||||
Zions Bancorp NA (a) | 473 | 16,503 | ||||||
3,668,744 | ||||||||
Diversified Financial Services — 3.5% | ||||||||
American Express Co. (a) | 1,595 | 237,958 | ||||||
Ameriprise Financial, Inc. (a) | 278 | 91,651 | ||||||
BlackRock, Inc. (a) | 376 | 243,080 | ||||||
Capital One Financial Corp. (a) | 982 | 95,303 | ||||||
Cboe Global Markets, Inc. (a) | 273 | 42,645 | ||||||
Charles Schwab Corp. (a) | 4,017 | 220,533 | ||||||
CME Group, Inc. (a) | 1,000 | 200,220 | ||||||
Discover Financial Services (a) | 652 | 56,483 | ||||||
Franklin Resources, Inc. (a) | 675 | 16,591 | ||||||
Intercontinental Exchange, Inc. (a) | 1,537 | 169,101 | ||||||
Invesco Ltd. (a) | 1,194 | 17,337 | ||||||
Mastercard, Inc. Class A (a) | 2,264 | 896,340 | ||||||
Nasdaq, Inc. (a) | 918 | 44,606 | ||||||
Raymond James Financial, Inc. (a) | 534 | 53,630 | ||||||
Synchrony Financial (a) | 1,239 | 37,876 | ||||||
T. Rowe Price Group, Inc. (a) | 619 | 64,915 | ||||||
Visa, Inc. Class A (a) | 4,327 | 995,253 | ||||||
3,483,522 | ||||||||
Insurance — 3.8% | ||||||||
Aflac, Inc. (a) | 1,465 | 112,439 | ||||||
Allstate Corp. (a) | 685 | 76,316 | ||||||
American International Group, Inc. (a) | 1,967 | 119,200 | ||||||
Aon PLC Class A (a) | 555 | 179,942 | ||||||
Arch Capital Group Ltd. (a) (b) | 990 | 78,913 | ||||||
Arthur J Gallagher & Co. (a) | 601 | 136,986 | ||||||
Assurant, Inc. (a) | 169 | 24,265 | ||||||
Berkshire Hathaway, Inc. Class B (a) (b) | 4,919 | 1,723,126 | ||||||
Brown & Brown, Inc. (a) | 588 | 41,066 | ||||||
Chubb Ltd. (a) | 1,112 | 231,496 | ||||||
Cincinnati Financial Corp. (a) | 420 | 42,962 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Everest Group Ltd. (a) | 118 | $ | 43,857 | |||||
Globe Life, Inc. (a) | 227 | 24,682 | ||||||
Hartford Financial Services Group, Inc. (a) | 853 | 60,486 | ||||||
Loews Corp. (a) | 382 | 24,184 | ||||||
Marsh & McLennan Cos., Inc. (a) | 1,337 | 254,431 | ||||||
MetLife, Inc. (a) | 1,752 | 110,218 | ||||||
Principal Financial Group, Inc. (a) | 604 | 43,530 | ||||||
Progressive Corp. (a) | 1,581 | 220,233 | ||||||
Prudential Financial, Inc. (a) | 949 | 90,051 | ||||||
Travelers Cos., Inc. (a) | 600 | 97,986 | ||||||
W. R. Berkley Corp. (a) | 603 | 38,285 | ||||||
Willis Towers Watson PLC (a) | 271 | 56,628 | ||||||
3,831,282 | ||||||||
Private Equity — 0.2% | ||||||||
Blackstone, Inc. (a) | 1,906 | 204,209 | ||||||
Real Estate — 0.1% | ||||||||
CBRE Group, Inc. Class A (a) (b) | 805 | 59,457 | ||||||
Real Estate Investment Trusts (REITS) — 2.2% | ||||||||
Alexandria Real Estate Equities, Inc. (a) | 456 | 45,646 | ||||||
American Tower Corp. (a) | 1,259 | 207,043 | ||||||
AvalonBay Communities, Inc. (a) | 372 | 63,887 | ||||||
Boston Properties, Inc. (a) | 328 | 19,509 | ||||||
Camden Property Trust (a) | 260 | 24,591 | ||||||
Crown Castle, Inc. (a) | 1,215 | 111,817 | ||||||
Digital Realty Trust, Inc. (a) | 808 | 97,784 | ||||||
Equinix, Inc. (a) | 252 | 183,018 | ||||||
Equity Residential (a) | 879 | 51,606 | ||||||
Essex Property Trust, Inc. (a) | 168 | 35,631 | ||||||
Extra Space Storage, Inc. (a) | 550 | 66,869 | ||||||
Federal Realty Investment Trust (a) | 154 | 13,957 | ||||||
Healthpeak Properties, Inc. (a) | 1,659 | 30,459 | ||||||
Host Hotels & Resorts, Inc. (a) | 1,947 | 31,288 | ||||||
Invitation Homes, Inc. (a) | 1,638 | 51,908 | ||||||
Iron Mountain, Inc. (a) | 833 | 49,522 | ||||||
Kimco Realty Corp. (a) | 1,802 | 31,697 | ||||||
Mid-America Apartment Communities, Inc. (a) | 289 | 37,180 | ||||||
Prologis, Inc. (a) | 2,539 | 284,901 | ||||||
Public Storage (a) | 415 | 109,361 | ||||||
Realty Income Corp. (a) | 1,834 | 91,590 | ||||||
Regency Centers Corp. (a) | 437 | 25,975 | ||||||
SBA Communications Corp. (a) | 288 | 57,649 | ||||||
Simon Property Group, Inc. (a) | 885 | 95,607 | ||||||
UDR, Inc. (a) | 872 | 31,104 | ||||||
Ventas, Inc. (a) | 1,157 | 48,744 | ||||||
VICI Properties, Inc. (a) | 2,756 | 80,200 | ||||||
Welltower, Inc. (a) | 1,396 | 114,360 | ||||||
Weyerhaeuser Co. (a) | 2,021 | 61,964 | ||||||
2,154,867 | ||||||||
13,402,081 | ||||||||
Industrial — 7.4% | ||||||||
Aerospace & Defense — 1.4% | ||||||||
Boeing Co. (a) (b) | 1,528 | 292,887 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
General Dynamics Corp. (a) | 602 | $ | 133,024 | |||||
Howmet Aerospace, Inc. (a) | 1,029 | 47,591 | ||||||
L3 Harris Technologies, Inc. (a) | 510 | 88,801 | ||||||
Lockheed Martin Corp. (a) | 617 | 252,329 | ||||||
Northrop Grumman Corp. (a) | 395 | 173,875 | ||||||
RTX Corp. (a) | 4,008 | 288,456 | ||||||
TransDigm Group, Inc. (a) (b) | 137 | 115,509 | ||||||
1,392,472 | ||||||||
Building Materials — 0.5% | ||||||||
Carrier Global Corp. (a) | 2,285 | 126,132 | ||||||
Johnson Controls International PLC (a) | 1,870 | 99,503 | ||||||
Martin Marietta Materials, Inc. (a) | 165 | 67,729 | ||||||
Masco Corp. (a) | 543 | 29,023 | ||||||
Mohawk Industries, Inc. (a) (b) | 120 | 10,297 | ||||||
Trane Technologies PLC (a) | 626 | 127,022 | ||||||
Vulcan Materials Co. (a) | 355 | 71,717 | ||||||
531,423 | ||||||||
Electrical Components & Equipment — 0.3% | ||||||||
AMETEK, Inc. (a) | 645 | 95,305 | ||||||
Emerson Electric Co. (a) | 1,518 | 146,593 | ||||||
Generac Holdings, Inc. (a) (b) | 180 | 19,613 | ||||||
261,511 | ||||||||
Electronics — 1.0% | ||||||||
Agilent Technologies, Inc. (a) | 778 | 86,996 | ||||||
Allegion PLC (a) | 250 | 26,050 | ||||||
Amphenol Corp. Class A (a) | 1,624 | 136,400 | ||||||
Fortive Corp. (a) | 970 | 71,935 | ||||||
Garmin Ltd. (a) | 452 | 47,550 | ||||||
Honeywell International, Inc. (a) | 1,776 | 328,098 | ||||||
Keysight Technologies, Inc. (a) (b) | 476 | 62,980 | ||||||
Mettler-Toledo International, Inc. (a) (b) | 59 | 65,376 | ||||||
TE Connectivity Ltd. (a) | 843 | 104,136 | ||||||
Trimble, Inc. (a) (b) | 707 | 38,079 | ||||||
967,600 | ||||||||
Engineering & Construction — 0.0% | ||||||||
Jacobs Solutions, Inc. (a) | 332 | 45,318 | ||||||
Environmental Controls — 0.3% | ||||||||
Pentair PLC (a) | 468 | 30,303 | ||||||
Republic Services, Inc. (a) | 589 | 83,939 | ||||||
Waste Management, Inc. (a) | 978 | 149,086 | ||||||
263,328 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Snap-on, Inc. (a) | 140 | 35,709 | ||||||
Stanley Black & Decker, Inc. (a) | 423 | 35,354 | ||||||
71,063 | ||||||||
Machinery – Construction & Mining — 0.4% | ||||||||
Caterpillar, Inc. (a) | 1,389 | 379,197 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Machinery – Diversified — 0.8% | ||||||||
Deere & Co. (a) | 741 | $ | 279,639 | |||||
Dover Corp. (a) | 396 | 55,246 | ||||||
IDEX Corp. (a) | 203 | 42,228 | ||||||
Ingersoll Rand, Inc. (a) | 1,021 | 65,058 | ||||||
Nordson Corp. (a) | 149 | 33,252 | ||||||
Otis Worldwide Corp. (a) | 1,147 | 92,115 | ||||||
Rockwell Automation, Inc. (a) | 311 | 88,906 | ||||||
Westinghouse Air Brake Technologies Corp. (a) | 453 | 48,140 | ||||||
Xylem, Inc. (a) | 662 | 60,262 | ||||||
764,846 | ||||||||
Miscellaneous - Manufacturing — 1.2% | ||||||||
3M Co. (a) | 1,506 | 140,992 | ||||||
A.O. Smith Corp. (a) | 389 | 25,725 | ||||||
Axon Enterprise, Inc. (a) (b) | 199 | 39,599 | ||||||
Eaton Corp. PLC (a) | 1,087 | 231,835 | ||||||
General Electric Co. (a) | 2,933 | 324,243 | ||||||
Illinois Tool Works, Inc. (a) | 733 | 168,817 | ||||||
Parker-Hannifin Corp. (a) | 345 | 134,384 | ||||||
Teledyne Technologies, Inc. (a) (b) | 122 | 49,847 | ||||||
Textron, Inc. (a) | 576 | 45,009 | ||||||
1,160,451 | ||||||||
Packaging & Containers — 0.1% | ||||||||
Amcor PLC (a) | 3,806 | 34,863 | ||||||
Ball Corp. (a) | 863 | 42,960 | ||||||
Packaging Corp. of America (a) | 260 | 39,923 | ||||||
Sealed Air Corp. (a) | 401 | 13,177 | ||||||
Westrock Co. (a) | 618 | 22,124 | ||||||
153,047 | ||||||||
Shipbuilding — 0.0% | ||||||||
Huntington Ingalls Industries, Inc. (a) | 90 | 18,412 | ||||||
Transportation — 1.3% | ||||||||
C.H. Robinson Worldwide, Inc. (a) | 274 | 23,600 | ||||||
CSX Corp. (a) | 5,619 | 172,784 | ||||||
Expeditors International of Washington, Inc. (a) | 439 | 50,323 | ||||||
FedEx Corp. (a) | 632 | 167,429 | ||||||
JB Hunt Transport Services, Inc. (a) | 212 | 39,966 | ||||||
Norfolk Southern Corp. (a) | 603 | 118,749 | ||||||
Old Dominion Freight Line, Inc. (a) | 247 | 101,058 | ||||||
Union Pacific Corp. (a) | 1,645 | 334,971 | ||||||
United Parcel Service, Inc. Class B (a) | 1,912 | 298,023 | ||||||
1,306,903 | ||||||||
7,315,571 | ||||||||
Technology — 26.0% | ||||||||
Computers — 8.3% | ||||||||
Accenture PLC Class A (a) | 1,702 | 522,701 | ||||||
Apple, Inc. (a) | 39,714 | 6,799,434 | ||||||
Cognizant Technology Solutions Corp. Class A (a) | 1,386 | 93,888 | ||||||
DXC Technology Co. (a) (b) | 704 | 14,664 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
EPAM Systems, Inc. (a) (b) | 150 | $ | 38,353 | |||||
Fortinet, Inc. (a) (b) | 1,741 | 102,162 | ||||||
Hewlett Packard Enterprise Co. (a) | 3,426 | 59,510 | ||||||
HP, Inc. (a) | 2,334 | 59,984 | ||||||
International Business Machines Corp. (a) | 2,504 | 351,311 | ||||||
Leidos Holdings, Inc. (a) | 415 | 38,246 | ||||||
NetApp, Inc. (a) | 564 | 42,796 | ||||||
Seagate Technology Holdings PLC (a) | 510 | 33,635 | ||||||
Western Digital Corp. (a) (b) | 903 | 41,204 | ||||||
8,197,888 | ||||||||
Office & Business Equipment — 0.0% | ||||||||
Zebra Technologies Corp. Class A (a) (b) | 140 | 33,114 | ||||||
Semiconductors — 7.1% | ||||||||
Advanced Micro Devices, Inc. (a) (b) | 4,354 | 447,678 | ||||||
Analog Devices, Inc. (a) | 1,351 | 236,547 | ||||||
Applied Materials, Inc. (a) | 2,266 | 313,728 | ||||||
Broadcom, Inc. (a) | 1,115 | 926,097 | ||||||
Intel Corp. (a) | 11,278 | 400,933 | ||||||
KLA Corp. (a) | 366 | 167,870 | ||||||
Lam Research Corp. (a) | 368 | 230,651 | ||||||
Microchip Technology, Inc. (a) | 1,506 | 117,543 | ||||||
Micron Technology, Inc. (a) | 3,004 | 204,362 | ||||||
Monolithic Power Systems, Inc. (a) | 125 | 57,750 | ||||||
NVIDIA Corp. (a) | 6,676 | 2,903,993 | ||||||
NXP Semiconductors NV (a) | 690 | 137,945 | ||||||
ON Semiconductor Corp. (a) (b) | 1,193 | 110,889 | ||||||
Qorvo, Inc. (a) (b) | 243 | 23,199 | ||||||
QUALCOMM, Inc. (a) | 3,004 | 333,624 | ||||||
Skyworks Solutions, Inc. (a) | 462 | 45,549 | ||||||
Teradyne, Inc. (a) | 410 | 41,189 | ||||||
Texas Instruments, Inc. (a) | 2,448 | 389,256 | ||||||
7,088,803 | ||||||||
Software — 10.6% | ||||||||
Activision Blizzard, Inc. (a) | 1,948 | 182,391 | ||||||
Adobe, Inc. (a) (b) | 1,229 | 626,667 | ||||||
Akamai Technologies, Inc. (a) (b) | 423 | 45,066 | ||||||
ANSYS, Inc. (a) (b) | 227 | 67,544 | ||||||
Autodesk, Inc. (a) (b) | 576 | 119,180 | ||||||
Broadridge Financial Solutions, Inc. (a) | 309 | 55,326 | ||||||
Cadence Design Systems, Inc. (a) (b) | 742 | 173,851 | ||||||
Ceridian HCM Holding, Inc. (a) (b) | 388 | 26,326 | ||||||
Electronic Arts, Inc. (a) | 645 | 77,658 | ||||||
Fair Isaac Corp. (a) (b) | 70 | 60,797 | ||||||
Fidelity National Information Services, Inc. (a) | 1,630 | 90,090 | ||||||
Fiserv, Inc. (a) (b) | 1,617 | 182,656 | ||||||
Intuit, Inc. (a) | 757 | 386,782 | ||||||
Jack Henry & Associates, Inc. (a) | 206 | 31,135 | ||||||
Microsoft Corp. (a) | 20,074 | 6,338,366 | ||||||
MSCI, Inc. (a) | 220 | 112,878 | ||||||
Oracle Corp. (a) | 4,242 | 449,313 | ||||||
Paychex, Inc. (a) | 873 | 100,683 | ||||||
Paycom Software, Inc. (a) | 134 | 34,742 | ||||||
PTC, Inc. (a) (b) | 318 | 45,054 | ||||||
Roper Technologies, Inc. (a) | 285 | 138,020 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Salesforce, Inc. (a) (b) | 2,648 | $ | 536,961 | |||||
ServiceNow, Inc. (a) (b) | 559 | 312,459 | ||||||
Synopsys, Inc. (a) (b) | 408 | 187,260 | ||||||
Take-Two Interactive Software, Inc. (a) (b) | 420 | 58,964 | ||||||
Tyler Technologies, Inc. (a) (b) | 107 | 41,317 | ||||||
10,481,486 | ||||||||
25,801,291 | ||||||||
Utilities — 2.3% | ||||||||
Electric — 2.1% | ||||||||
AES Corp. (a) | 1,719 | 26,129 | ||||||
Alliant Energy Corp. (a) | 726 | 35,175 | ||||||
Ameren Corp. (a) | 766 | 57,320 | ||||||
American Electric Power Co., Inc. (a) | 1,392 | 104,706 | ||||||
CenterPoint Energy, Inc. (a) | 1,884 | 50,585 | ||||||
CMS Energy Corp. (a) | 711 | 37,761 | ||||||
Consolidated Edison, Inc. (a) | 986 | 84,333 | ||||||
Constellation Energy Corp. (a) | 869 | 94,791 | ||||||
Dominion Energy, Inc. (a) | 2,211 | 98,765 | ||||||
DTE Energy Co. (a) | 526 | 52,221 | ||||||
Duke Energy Corp. (a) | 2,084 | 183,934 | ||||||
Edison International (a) | 986 | 62,404 | ||||||
Entergy Corp. (a) | 614 | 56,795 | ||||||
Evergy, Inc. (a) | 586 | 29,710 | ||||||
Eversource Energy (a) | 969 | 56,347 | ||||||
Exelon Corp. (a) | 2,640 | 99,766 | ||||||
FirstEnergy Corp. (a) | 1,452 | 49,629 | ||||||
NextEra Energy, Inc. (a) | 5,556 | 318,303 | ||||||
NRG Energy, Inc. (a) | 649 | 24,999 | ||||||
PG&E Corp. (a) (b) | 5,534 | 89,263 | ||||||
Pinnacle West Capital Corp. (a) | 241 | 17,757 | ||||||
PPL Corp. (a) | 1,758 | 41,418 | ||||||
Public Service Enterprise Group, Inc. (a) | 1,404 | 79,902 | ||||||
Sempra (a) | 1,676 | 114,018 | ||||||
Southern Co. (a) | 2,909 | 188,271 | ||||||
WEC Energy Group, Inc. (a) | 850 | 68,468 | ||||||
Xcel Energy, Inc. (a) | 1,549 | 88,634 | ||||||
2,211,404 | ||||||||
Gas — 0.1% | ||||||||
Atmos Energy Corp. (a) | 391 | 41,419 | ||||||
NiSource, Inc. (a) | 1,069 | 26,383 | ||||||
67,802 | ||||||||
Water — 0.1% | ||||||||
American Water Works Co., Inc. (a) | 503 | 62,286 | ||||||
2,341,492 | ||||||||
TOTAL COMMON STOCK (Cost $61,788,608) | 97,098,492 | |||||||
TOTAL EQUITIES (Cost $61,788,608) | 97,098,492 | |||||||
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
BONDS & NOTES — 0.0% | ||||||||
CORPORATE DEBT — 0.0% | ||||||||
Forest Products & Paper — 0.0% | ||||||||
Sino Forest Corp. | ||||||||
5.000% 8/01/49 (c) (d) | $ | 359,000 | $ | — | ||||
TOTAL CORPORATE DEBT (Cost $0) | — | |||||||
TOTAL BONDS & NOTES (Cost $0) | — | |||||||
TOTAL PURCHASED OPTIONS(#) — 1.4% (Cost $1,096,132) | 1,350,944 | |||||||
RIGHTS — 0.0% | ||||||||
Consumer, Non-cyclical — 0.0% | ||||||||
Health Care – Products — 0.0% | ||||||||
Abiomed, Inc., CVR (b) (c) (d) | 136 | — | ||||||
TOTAL RIGHTS (Cost $139) | — | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $62,884,879) | 98,449,436 | |||||||
SHORT-TERM INVESTMENTS — 1.6% | ||||||||
Repurchase Agreement — 1.6% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (e) | 1,612,661 | 1,612,661 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,612,661) | 1,612,661 | |||||||
TOTAL INVESTMENTS — 100.8% (Cost $64,497,540) (f) | 100,062,097 | |||||||
Other Assets/(Liabilities) — (0.8)% | (818,279) | |||||||
NET ASSETS — 100.0% | $ | 99,243,818 |
Abbreviation Legend
CVR | Contingent Value Rights |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | All or a portion of this security is pledged/held as collateral for open derivatives. |
(b) | Non-income producing security. |
(c) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2023, these securities amounted to a value of $0 or 0.00% of net assets. |
(d) | Investment is valued using significant unobservable inputs. |
(e) | Maturity value of $1,612,876. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $1,644,981. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
(#) Exchange-Traded Options Purchased | ||||||||||||||||||||||||||||
Description | Expiration Date | Exercise Price | No. of Contracts | Notional Amount | Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||
Put | ||||||||||||||||||||||||||||
S&P 500 Index | 11/17/23 | 3,925.00 | 33 | USD | 12,952,500 | $ | 59,730 | $ | 141,488 | $ | (81,758) | |||||||||||||||||
S&P 500 Index | 11/17/23 | 4,050.00 | 33 | USD | 13,365,000 | 96,690 | 119,477 | (22,787) | ||||||||||||||||||||
S&P 500 Index | 12/15/23 | 4,100.00 | 33 | USD | 13,530,000 | 182,820 | 138,550 | 44,270 | ||||||||||||||||||||
S&P 500 Index | 12/15/23 | 4,150.00 | 30 | USD | 12,450,000 | 201,660 | 116,815 | 84,845 | ||||||||||||||||||||
S&P 500 Index | 1/19/24 | 4,150.00 | 32 | USD | 13,280,000 | 265,600 | 150,160 | 115,440 | ||||||||||||||||||||
S&P 500 Index | 2/16/24 | 4,050.00 | 32 | USD | 12,960,000 | 248,896 | 243,440 | 5,456 | ||||||||||||||||||||
S&P 500 Index | 3/15/24 | 4,050.00 | 33 | USD | 13,365,000 | 295,548 | 186,202 | 109,346 | ||||||||||||||||||||
$ | 1,350,944 | $ | 1,096,132 | $ | 254,812 |
Exchange-Traded Options Written | ||||||||||||||||||||||||||||
Description | Expiration Date | Exercise Price | No. of Contracts | Notional Amount | Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||
Call | ||||||||||||||||||||||||||||
S&P 500 Index | 10/20/23 | 4,400.00 | 25 | USD | 11,000,000 | $ | (48,900) | $ | (261,688) | $ | 212,788 | |||||||||||||||||
S&P 500 Index | 10/20/23 | 4,550.00 | 25 | USD | 11,375,000 | (2,375) | (108,330) | 105,955 | ||||||||||||||||||||
S&P 500 Index | 10/20/23 | 4,650.00 | 25 | USD | 11,625,000 | (375) | (239,938) | 239,563 | ||||||||||||||||||||
S&P 500 Index | 10/20/23 | 4,700.00 | 25 | USD | 11,750,000 | (375) | (158,715) | 158,340 | ||||||||||||||||||||
S&P 500 Index | 10/31/23 | 4,350.00 | 25 | USD | 10,875,000 | (133,750) | (163,563) | 29,813 | ||||||||||||||||||||
S&P 500 Index | 10/31/23 | 4,400.00 | 26 | USD | 11,440,000 | (83,980) | (183,495) | 99,515 | ||||||||||||||||||||
S&P 500 Index | 11/17/23 | 4,400.00 | 25 | USD | 11,000,000 | (128,750) | (197,563) | 68,813 | ||||||||||||||||||||
S&P 500 Index | 11/17/23 | 4,500.00 | 25 | USD | 11,250,000 | (54,075) | (219,688) | 165,613 | ||||||||||||||||||||
S&P 500 Index | 11/30/23 | 4,400.00 | 25 | USD | 11,000,000 | (163,600) | (187,560) | 23,960 | ||||||||||||||||||||
$ | (616,180) | $ | (1,720,540) | $ | 1,104,360 |
Currency Legend
USD | U.S. Dollar |
MML Mid Cap Growth Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 97.8% | ||||||||
COMMON STOCK — 97.5% | ||||||||
Basic Materials — 0.5% | ||||||||
Chemicals — 0.5% | ||||||||
RPM International, Inc. | 15,600 | $ | 1,479,036 | |||||
Communications — 5.1% | ||||||||
Advertising — 1.5% | ||||||||
Trade Desk, Inc. Class A (a) | 60,300 | 4,712,445 | ||||||
Internet — 3.0% | ||||||||
CDW Corp. | 19,884 | 4,011,796 | ||||||
Etsy, Inc. (a) | 20,357 | 1,314,655 | ||||||
Maplebear, Inc. (a) | 3,692 | 109,616 | ||||||
Maplebear, Inc., Lockup Shares (Acquired 11/19/21, Cost $624,541) (a) (b) (c) | 5,164 | 153,319 | ||||||
Match Group, Inc. (a) | 23,395 | 916,499 | ||||||
Spotify Technology SA (a) | 18,500 | 2,860,840 | ||||||
9,366,725 | ||||||||
Media — 0.6% | ||||||||
Liberty Media Corp-Liberty Formula One Class C (a) | 24,860 | 1,548,778 | ||||||
New York Times Co. Class A | 14,200 | 585,040 | ||||||
2,133,818 | ||||||||
16,212,988 | ||||||||
Consumer, Cyclical — 12.0% | ||||||||
Airlines — 0.6% | ||||||||
Southwest Airlines Co. | 68,800 | 1,862,416 | ||||||
Auto Parts & Equipment — 0.1% | ||||||||
Mobileye Global, Inc. Class A (a) (d) | 4,416 | 183,485 | ||||||
Entertainment — 0.3% | ||||||||
Caesars Entertainment, Inc. (a) | 12,905 | 598,147 | ||||||
DraftKings, Inc. Class A (a) | 14,892 | 438,420 | ||||||
Liberty Media Corp-Liberty Live Class C (a) | 1,232 | 39,547 | ||||||
1,076,114 | ||||||||
Lodging — 1.9% | ||||||||
Hilton Worldwide Holdings, Inc. | 25,600 | 3,844,608 | ||||||
MGM Resorts International | 58,432 | 2,147,960 | ||||||
5,992,568 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 9.1% | ||||||||
Bath & Body Works, Inc. | 48,200 | $ | 1,629,160 | |||||
Burlington Stores, Inc. (a) | 20,500 | 2,773,650 | ||||||
Casey's General Stores, Inc. | 8,400 | 2,280,768 | ||||||
Chipotle Mexican Grill, Inc. (a) | 500 | 915,915 | ||||||
Dollar General Corp. | 2,300 | 243,340 | ||||||
Dollar Tree, Inc. (a) | 22,529 | 2,398,212 | ||||||
Domino's Pizza, Inc. | 9,002 | 3,409,868 | ||||||
Five Below, Inc. (a) | 10,400 | 1,673,360 | ||||||
Freshpet, Inc. (a) | 42,533 | 2,802,074 | ||||||
Lululemon Athletica, Inc. (a) | 8,284 | 3,194,393 | ||||||
O'Reilly Automotive, Inc. (a) | 800 | 727,088 | ||||||
Ross Stores, Inc. | 21,100 | 2,383,245 | ||||||
Tractor Supply Co. | 3,385 | 687,324 | ||||||
Ulta Beauty, Inc. (a) | 2,100 | 838,845 | ||||||
Yum! Brands, Inc. | 20,007 | 2,499,675 | ||||||
28,456,917 | ||||||||
37,571,500 | ||||||||
Consumer, Non-cyclical — 31.3% | ||||||||
Beverages — 0.5% | ||||||||
Boston Beer Co., Inc. Class A (a) | 2,094 | 815,676 | ||||||
Celsius Holdings, Inc. (a) | 4,665 | 800,514 | ||||||
1,616,190 | ||||||||
Biotechnology — 4.2% | ||||||||
Alnylam Pharmaceuticals, Inc. (a) | 13,900 | 2,461,690 | ||||||
Apellis Pharmaceuticals, Inc. (a) (d) | 11,482 | 436,775 | ||||||
Argenx SE ADR (a) | 2,523 | 1,240,383 | ||||||
Biogen, Inc. (a) | 7,500 | 1,927,575 | ||||||
CRISPR Therapeutics AG (a) (d) | 10,328 | 468,788 | ||||||
Illumina, Inc. (a) | 13,509 | 1,854,516 | ||||||
Ionis Pharmaceuticals, Inc. (a) | 40,400 | 1,832,544 | ||||||
Karuna Therapeutics, Inc. (a) | 5,204 | 879,944 | ||||||
Roivant Sciences Ltd. (a) | 43,894 | 512,682 | ||||||
Sarepta Therapeutics, Inc. (a) | 7,520 | 911,574 | ||||||
Seagen, Inc. (a) | 2,300 | 487,945 | ||||||
13,014,416 | ||||||||
Commercial Services — 8.7% | ||||||||
Bright Horizons Family Solutions, Inc. (a) | 11,300 | 920,498 | ||||||
CoStar Group, Inc. (a) | 56,915 | 4,376,194 | ||||||
Equifax, Inc. | 15,900 | 2,912,562 | ||||||
FleetCor Technologies, Inc. (a) | 10,800 | 2,757,672 | ||||||
Gartner, Inc. (a) | 12,411 | 4,264,544 | ||||||
MarketAxess Holdings, Inc. | 4,700 | 1,004,108 | ||||||
Paylocity Holding Corp. (a) | 9,900 | 1,798,830 | ||||||
TransUnion | 74,855 | 5,373,841 | ||||||
United Rentals, Inc. | 4,400 | 1,956,108 | ||||||
Verisk Analytics, Inc. | 8,600 | 2,031,664 | ||||||
27,396,021 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Cosmetics & Personal Care — 0.4% | ||||||||
Kenvue, Inc. | 67,162 | $ | 1,348,613 | |||||
Food — 0.3% | ||||||||
TreeHouse Foods, Inc. (a) | 23,407 | 1,020,077 | ||||||
Health Care – Products — 11.2% | ||||||||
Alcon, Inc. | 26,000 | 2,003,560 | ||||||
Align Technology, Inc. (a) | 7,424 | 2,266,696 | ||||||
Avantor, Inc. (a) | 149,500 | 3,151,460 | ||||||
Bruker Corp. | 45,558 | 2,838,263 | ||||||
Cooper Cos., Inc. | 6,900 | 2,194,269 | ||||||
DENTSPLY SIRONA, Inc. | 21,200 | 724,192 | ||||||
Enovis Corp. (a) | 27,578 | 1,454,188 | ||||||
Exact Sciences Corp. (a) | 45,087 | 3,075,835 | ||||||
Hologic, Inc. (a) | 88,800 | 6,162,720 | ||||||
ICU Medical, Inc. (a) (d) | 6,300 | 749,763 | ||||||
Omnicell, Inc. (a) | 18,128 | 816,485 | ||||||
Quidelortho Corp. (a) | 17,733 | 1,295,218 | ||||||
Repligen Corp. (a) | 10,412 | 1,655,612 | ||||||
Teleflex, Inc. | 21,440 | 4,211,031 | ||||||
West Pharmaceutical Services, Inc. | 6,335 | 2,376,955 | ||||||
34,976,247 | ||||||||
Health Care – Services — 4.5% | ||||||||
Acadia Healthcare Co., Inc. (a) | 33,300 | 2,341,323 | ||||||
agilon health, Inc. (a) (d) | 60,984 | 1,083,076 | ||||||
Catalent, Inc. (a) | 49,248 | 2,242,261 | ||||||
ICON PLC (a) | 14,802 | 3,644,993 | ||||||
Molina Healthcare, Inc. (a) | 14,424 | 4,729,485 | ||||||
14,041,138 | ||||||||
Household Products & Wares — 1.2% | ||||||||
Avery Dennison Corp. | 16,600 | 3,032,322 | ||||||
Reynolds Consumer Products, Inc. | 33,900 | 868,857 | ||||||
3,901,179 | ||||||||
Pharmaceuticals — 0.3% | ||||||||
Ascendis Pharma AS ADR (a) | 9,800 | 917,672 | ||||||
98,231,553 | ||||||||
Energy — 4.1% | ||||||||
Energy – Alternate Sources — 0.1% | ||||||||
Shoals Technologies Group, Inc. Class A (a) | 21,600 | 394,200 | ||||||
Oil & Gas — 1.8% | ||||||||
Coterra Energy, Inc. | 47,200 | 1,276,760 | ||||||
EQT Corp. | 47,600 | 1,931,608 | ||||||
Pioneer Natural Resources Co. | 10,015 | 2,298,943 | ||||||
Range Resources Corp. | 8,300 | 269,003 | ||||||
5,776,314 | ||||||||
Oil & Gas Services — 0.2% | ||||||||
TechnipFMC PLC | 31,208 | 634,771 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Pipelines — 2.0% | ||||||||
Cheniere Energy, Inc. | 37,185 | $ | 6,171,222 | |||||
12,976,507 | ||||||||
Financial — 6.3% | ||||||||
Diversified Financial Services — 3.1% | ||||||||
Cboe Global Markets, Inc. | 2,600 | 406,146 | ||||||
Hamilton Lane, Inc. Class A | 32,520 | 2,941,109 | ||||||
Intercontinental Exchange, Inc. | 22,500 | 2,475,450 | ||||||
Raymond James Financial, Inc. | 14,600 | 1,466,278 | ||||||
Tradeweb Markets, Inc. Class A | 32,300 | 2,590,460 | ||||||
9,879,443 | ||||||||
Insurance — 1.3% | ||||||||
Assurant, Inc. | 18,200 | 2,613,156 | ||||||
Axis Capital Holdings Ltd. | 17,100 | 963,927 | ||||||
Kemper Corp. | 4,700 | 197,541 | ||||||
Markel Group, Inc. (a) | 250 | 368,122 | ||||||
4,142,746 | ||||||||
Private Equity — 1.9% | ||||||||
Ares Management Corp. Class A | 24,565 | 2,527,002 | ||||||
KKR & Co., Inc. | 53,700 | 3,307,920 | ||||||
5,834,922 | ||||||||
19,857,111 | ||||||||
Industrial — 17.2% | ||||||||
Aerospace & Defense — 0.5% | ||||||||
Hexcel Corp. | 23,812 | 1,551,114 | ||||||
Building Materials — 1.6% | ||||||||
Builders FirstSource, Inc. (a) | 19,746 | 2,458,179 | ||||||
Martin Marietta Materials, Inc. | 6,560 | 2,692,749 | ||||||
5,150,928 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Littelfuse, Inc. | 1,800 | 445,176 | ||||||
Electronics — 4.7% | ||||||||
Agilent Technologies, Inc. | 55,403 | 6,195,164 | ||||||
Amphenol Corp. Class A | 22,600 | 1,898,174 | ||||||
Fortive Corp. | 49,400 | 3,663,504 | ||||||
Keysight Technologies, Inc. (a) | 21,400 | 2,831,434 | ||||||
14,588,276 | ||||||||
Environmental Controls — 1.0% | ||||||||
Clean Harbors, Inc. (a) | 14,417 | 2,412,829 | ||||||
Waste Connections, Inc. | 6,000 | 805,800 | ||||||
3,218,629 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Machinery – Construction & Mining — 1.6% | ||||||||
BWX Technologies, Inc. | 64,639 | $ | 4,846,632 | |||||
Machinery – Diversified — 2.7% | ||||||||
Cognex Corp. | 21,100 | 895,484 | ||||||
Esab Corp. | 25,983 | 1,824,526 | ||||||
IDEX Corp. | 6,600 | 1,372,932 | ||||||
Ingersoll Rand, Inc. | 70,900 | 4,517,748 | ||||||
8,610,690 | ||||||||
Miscellaneous - Manufacturing — 2.1% | ||||||||
Axon Enterprise, Inc. (a) | 8,317 | 1,655,000 | ||||||
Textron, Inc. | 62,093 | 4,851,947 | ||||||
6,506,947 | ||||||||
Packaging & Containers — 1.6% | ||||||||
Ball Corp. | 73,047 | 3,636,280 | ||||||
Sealed Air Corp. | 40,000 | 1,314,400 | ||||||
4,950,680 | ||||||||
Transportation — 1.3% | ||||||||
JB Hunt Transport Services, Inc. | 21,700 | 4,090,884 | ||||||
53,959,956 | ||||||||
Technology — 21.0% | ||||||||
Computers — 1.7% | ||||||||
Crowdstrike Holdings, Inc. Class A (a) | 20,910 | 3,499,916 | ||||||
Fortinet, Inc. (a) | 28,000 | 1,643,040 | ||||||
5,142,956 | ||||||||
Semiconductors — 6.6% | ||||||||
KLA Corp. | 8,688 | 3,984,838 | ||||||
Lattice Semiconductor Corp. (a) | 17,500 | 1,503,775 | ||||||
Marvell Technology, Inc. | 107,307 | 5,808,528 | ||||||
Microchip Technology, Inc. | 93,000 | 7,258,650 | ||||||
NXP Semiconductors NV | 4,200 | 839,664 | ||||||
ON Semiconductor Corp. (a) | 15,409 | 1,432,266 | ||||||
20,827,721 | ||||||||
Software — 12.7% | ||||||||
Aspen Technology, Inc. (a) | 11,905 | 2,431,715 | ||||||
Atlassian Corp. Class A (a) | 5,200 | 1,047,852 | ||||||
Bill Holdings, Inc. (a) (d) | 10,728 | 1,164,739 | ||||||
Broadridge Financial Solutions, Inc. | 11,472 | 2,054,062 | ||||||
Cadence Design Systems, Inc. (a) | 8,334 | 1,952,656 | ||||||
CCC Intelligent Solutions Holdings, Inc. (a) | 131,491 | 1,755,405 | ||||||
Ceridian HCM Holding, Inc. (a) | 39,505 | 2,680,414 | ||||||
Clear Secure, Inc. Class A | 14,693 | 279,755 | ||||||
Confluent, Inc. Class A (a) | 8,900 | 263,529 | ||||||
Electronic Arts, Inc. | 24,154 | 2,908,142 | ||||||
Fair Isaac Corp. (a) | 2,800 | 2,431,884 | ||||||
HashiCorp, Inc. Class A (a) | 4,500 | 102,735 | ||||||
Klaviyo, Inc. Class A (a) (d) | 4,247 | 146,521 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MongoDB, Inc. (a) | 6,800 | $ | 2,351,848 | |||||
MSCI, Inc. | 6,183 | 3,172,374 | ||||||
PTC, Inc. (a) | 21,575 | 3,056,746 | ||||||
Roper Technologies, Inc. | 4,600 | 2,227,688 | ||||||
Synopsys, Inc. (a) | 2,282 | 1,047,369 | ||||||
Tyler Technologies, Inc. (a) | 1,700 | 656,438 | ||||||
Veeva Systems, Inc. Class A (a) | 31,188 | 6,345,199 | ||||||
ZoomInfo Technologies, Inc. (a) | 107,722 | 1,766,640 | ||||||
39,843,711 | ||||||||
65,814,388 | ||||||||
TOTAL COMMON STOCK (Cost $262,288,743) | 306,103,039 | |||||||
PREFERRED STOCK — 0.3% | ||||||||
Consumer, Cyclical — 0.0% | ||||||||
Auto Manufacturers — 0.0% | ||||||||
Nuro, Inc., Series D (Acquired 10/29/21, Cost $159,220) (a) (b) (c) (e) | 7,638 | 47,356 | ||||||
Consumer, Non-cyclical — 0.1% | ||||||||
Commercial Services — 0.1% | ||||||||
Redwood Materials, Inc., Series C (Acquired 5/28/21, Cost $200,090) (a) (b) (c) (e) | 4,221 | 201,493 | ||||||
Health Care – Services — 0.0% | ||||||||
Caris Life Sciences, Inc., Series D (Acquired 5/11/21, Cost $271,366) (a) (b) (c) (e) | 33,502 | 179,236 | ||||||
380,729 | ||||||||
Industrial — 0.1% | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Sila Nanotechnologies, Inc., Series F (Acquired 1/07/21, Cost $407,982) (a) (b) (c) (e) | 9,885 | 200,468 | ||||||
Technology — 0.1% | ||||||||
Software — 0.1% | ||||||||
Databricks, Inc., Series H (Acquired 8/31/21, Cost $185,327) (a) (b) (c) (e) | 2,522 | 185,367 | ||||||
TOTAL PREFERRED STOCK (Cost $1,223,984) | 813,920 | |||||||
TOTAL EQUITIES (Cost $263,512,727) | 306,916,959 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $263,512,727) | 306,916,959 | |||||||
SHORT-TERM INVESTMENTS — 2.6% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (f) | 629,982 | 629,982 | ||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Treasury Reserve Fund | 107 | 107 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Repurchase Agreement — 2.4% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (g) | $ | 7,594,441 | $ | 7,594,441 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $8,224,530) | 8,224,530 | |||||||
TOTAL INVESTMENTS — 100.4% (Cost $271,737,257) (h) | 315,141,489 | |||||||
Other Assets/(Liabilities) — (0.4)% | (1,266,617) | |||||||
NET ASSETS — 100.0% | $ | 313,874,872 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2023, these securities amounted to a value of $967,239 or 0.31% of net assets. |
(c) | Restricted security. Certain securities are restricted to resale. At September 30, 2023, these securities amounted to a value of $967,239 or 0.31% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities. |
(d) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $4,026,992 or 1.28% of net assets. The Fund received $3,487,359 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(e) | Investment is valued using significant unobservable inputs. |
(f) | Represents investment of security lending cash collateral. (Note 2). |
(g) | Maturity value of $7,595,454. Collateralized by U.S. Government Agency obligations with rates ranging from 0.375% - 0.500%, maturity dates ranging from 1/31/26 - 2/28/26, and an aggregate market value, including accrued interest, of $7,746,402. |
(h) | See Note 3 for aggregate cost for federal tax purposes. |
MML Mid Cap Value Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.4% | ||||||||
COMMON STOCK — 95.7% | ||||||||
Basic Materials — 1.3% | ||||||||
Chemicals — 1.3% | ||||||||
Akzo Nobel NV | 44,174 | $ | 3,187,796 | |||||
Communications — 5.8% | ||||||||
Advertising — 1.5% | ||||||||
Interpublic Group of Cos., Inc. | 83,007 | 2,378,980 | ||||||
Omnicom Group, Inc. | 18,439 | 1,373,337 | ||||||
3,752,317 | ||||||||
Internet — 1.2% | ||||||||
F5, Inc. (a) | 19,302 | 3,110,324 | ||||||
Media — 1.2% | ||||||||
Fox Corp. Class B | 100,566 | 2,904,346 | ||||||
Telecommunications — 1.9% | ||||||||
BCE, Inc. (b) | 45,875 | 1,751,238 | ||||||
Corning, Inc. | 33,740 | 1,028,058 | ||||||
Juniper Networks, Inc. | 72,761 | 2,022,028 | ||||||
4,801,324 | ||||||||
14,568,311 | ||||||||
Consumer, Cyclical — 9.3% | ||||||||
Airlines — 1.4% | ||||||||
Southwest Airlines Co. | 129,540 | 3,506,648 | ||||||
Auto Manufacturers — 0.6% | ||||||||
Cummins, Inc. | 6,875 | 1,570,662 | ||||||
Auto Parts & Equipment — 2.5% | ||||||||
Aptiv PLC (a) | 13,189 | 1,300,303 | ||||||
BorgWarner, Inc. | 71,191 | 2,873,981 | ||||||
Cie Generale des Etablissements Michelin SCA | 68,764 | 2,107,603 | ||||||
6,281,887 | ||||||||
Distribution & Wholesale — 1.0% | ||||||||
Bunzl PLC | 72,009 | 2,555,789 | ||||||
Retail — 3.8% | ||||||||
Beacon Roofing Supply, Inc. (a) | 29,799 | 2,299,589 | ||||||
Dollar Tree, Inc. (a) | 34,295 | 3,650,703 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MSC Industrial Direct Co., Inc. Class A | 36,863 | $ | 3,618,103 | |||||
9,568,395 | ||||||||
23,483,381 | ||||||||
Consumer, Non-cyclical — 21.6% | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Kenvue, Inc. | 71,468 | 1,435,077 | ||||||
Food — 5.2% | ||||||||
Conagra Brands, Inc. | 212,514 | 5,827,134 | ||||||
General Mills, Inc. | 19,797 | 1,266,810 | ||||||
J. M. Smucker Co. | 10,394 | 1,277,527 | ||||||
Koninklijke Ahold Delhaize NV | 156,842 | 4,729,273 | ||||||
13,100,744 | ||||||||
Health Care – Products — 5.1% | ||||||||
DENTSPLY SIRONA, Inc. | 43,270 | 1,478,103 | ||||||
Embecta Corp. | 44,134 | 664,217 | ||||||
Envista Holdings Corp. (a) | 66,991 | 1,867,709 | ||||||
Hologic, Inc. (a) | 18,837 | 1,307,288 | ||||||
Smith & Nephew PLC ADR Sponsored ADR | 47,347 | 1,172,785 | ||||||
Zimmer Biomet Holdings, Inc. | 57,662 | 6,470,830 | ||||||
12,960,932 | ||||||||
Health Care – Services — 5.2% | ||||||||
Centene Corp. (a) | 29,306 | 2,018,597 | ||||||
Laboratory Corp. of America Holdings | 15,601 | 3,136,581 | ||||||
Quest Diagnostics, Inc. | 35,796 | 4,362,101 | ||||||
Universal Health Services, Inc. Class B | 28,806 | 3,621,778 | ||||||
13,139,057 | ||||||||
Household Products & Wares — 1.6% | ||||||||
Kimberly-Clark Corp. | 33,329 | 4,027,810 | ||||||
Pharmaceuticals — 3.9% | ||||||||
Cardinal Health, Inc. | 26,866 | 2,332,506 | ||||||
Cencora, Inc. | 11,673 | 2,100,790 | ||||||
Henry Schein, Inc. (a) | 71,778 | 5,329,516 | ||||||
9,762,812 | ||||||||
54,426,432 | ||||||||
Energy — 5.0% | ||||||||
Oil & Gas — 2.3% | ||||||||
Devon Energy Corp. | 11,826 | 564,100 | ||||||
Diamondback Energy, Inc. | 11,652 | 1,804,662 | ||||||
EQT Corp. | 33,458 | 1,357,726 | ||||||
Occidental Petroleum Corp. | 33,762 | 2,190,478 | ||||||
5,916,966 | ||||||||
Oil & Gas Services — 0.8% | ||||||||
Baker Hughes Co. | 56,500 | 1,995,580 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Pipelines — 1.9% | ||||||||
Enterprise Products Partners LP (c) | 171,272 | $ | 4,687,715 | |||||
12,600,261 | ||||||||
Financial — 24.4% | ||||||||
Banks — 7.9% | ||||||||
Bank of New York Mellon Corp. | 133,821 | 5,707,466 | ||||||
First Hawaiian, Inc. | 111,406 | 2,010,878 | ||||||
Northern Trust Corp. | 86,390 | 6,002,377 | ||||||
Prosperity Bancshares, Inc. | 16,899 | 922,348 | ||||||
Truist Financial Corp. | 102,679 | 2,937,646 | ||||||
US Bancorp | 37,480 | 1,239,089 | ||||||
Westamerica BanCorp | 22,401 | 968,843 | ||||||
19,788,647 | ||||||||
Diversified Financial Services — 1.4% | ||||||||
T. Rowe Price Group, Inc. | 33,854 | 3,550,269 | ||||||
Insurance — 7.6% | ||||||||
Aflac, Inc. | 32,604 | 2,502,357 | ||||||
Allstate Corp. | 55,608 | 6,195,287 | ||||||
Hanover Insurance Group, Inc. | 19,398 | 2,152,790 | ||||||
Reinsurance Group of America, Inc. | 28,622 | 4,155,628 | ||||||
Willis Towers Watson PLC | 20,452 | 4,273,650 | ||||||
19,279,712 | ||||||||
Real Estate Investment Trusts (REITS) — 7.3% | ||||||||
Essex Property Trust, Inc. | 13,838 | 2,934,902 | ||||||
Healthpeak Properties, Inc. | 165,607 | 3,040,545 | ||||||
Public Storage | 10,156 | 2,676,309 | ||||||
Realty Income Corp. | 71,772 | 3,584,294 | ||||||
Regency Centers Corp. | 55,239 | 3,283,406 | ||||||
VICI Properties, Inc. | 51,254 | 1,491,491 | ||||||
WP Carey, Inc. | 23,417 | 1,266,391 | ||||||
18,277,338 | ||||||||
Savings & Loans — 0.2% | ||||||||
Capitol Federal Financial, Inc. | 125,592 | 599,074 | ||||||
61,495,040 | ||||||||
Industrial — 15.2% | ||||||||
Aerospace & Defense — 0.7% | ||||||||
General Dynamics Corp. | 7,901 | 1,745,884 | ||||||
Building Materials — 1.0% | ||||||||
Cie de Saint-Gobain SA | 41,486 | 2,485,365 | ||||||
Electrical Components & Equipment — 1.6% | ||||||||
Emerson Electric Co. | 42,070 | 4,062,700 | ||||||
Electronics — 1.4% | ||||||||
nVent Electric PLC | 17,591 | 932,147 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TE Connectivity Ltd. | 20,637 | $ | 2,549,289 | |||||
3,481,436 | ||||||||
Engineering & Construction — 1.3% | ||||||||
Vinci SA | 29,304 | 3,244,150 | ||||||
Environmental Controls — 0.5% | ||||||||
Republic Services, Inc. | 8,843 | 1,260,216 | ||||||
Machinery – Construction & Mining — 1.3% | ||||||||
Oshkosh Corp. | 35,943 | 3,430,041 | ||||||
Machinery – Diversified — 0.4% | ||||||||
IMI PLC | 51,234 | 974,433 | ||||||
Packaging & Containers — 3.6% | ||||||||
Amcor PLC | 345,963 | 3,169,021 | ||||||
Packaging Corp. of America | 28,772 | 4,417,940 | ||||||
Sonoco Products Co. | 30,185 | 1,640,555 | ||||||
9,227,516 | ||||||||
Shipbuilding — 1.4% | ||||||||
Huntington Ingalls Industries, Inc. | 16,838 | 3,444,718 | ||||||
Transportation — 2.0% | ||||||||
Heartland Express, Inc. | 122,869 | 1,804,946 | ||||||
Norfolk Southern Corp. | 16,763 | 3,301,137 | ||||||
5,106,083 | ||||||||
38,462,542 | ||||||||
Technology — 3.0% | ||||||||
Computers — 2.2% | ||||||||
Amdocs Ltd. | 38,779 | 3,276,438 | ||||||
HP, Inc. | 89,237 | 2,293,391 | ||||||
5,569,829 | ||||||||
Semiconductors — 0.3% | ||||||||
Teradyne, Inc. | 7,306 | 733,961 | ||||||
Software — 0.5% | ||||||||
Electronic Arts, Inc. | 10,723 | 1,291,049 | ||||||
7,594,839 | ||||||||
Utilities — 10.1% | ||||||||
Electric — 8.1% | ||||||||
CMS Energy Corp. | 34,724 | 1,844,192 | ||||||
Duke Energy Corp. | 36,041 | 3,180,979 | ||||||
Edison International | 50,055 | 3,167,981 | ||||||
Evergy, Inc. | 49,065 | 2,487,595 | ||||||
Eversource Energy | 32,167 | 1,870,511 | ||||||
Northwestern Energy Group, Inc. | 80,391 | 3,863,591 | ||||||
Pinnacle West Capital Corp. | 28,441 | 2,095,533 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
WEC Energy Group, Inc. | 25,096 | $ | 2,021,483 | |||||
20,531,865 | ||||||||
Gas — 2.0% | ||||||||
Atmos Energy Corp. | 7,296 | 772,865 | ||||||
Spire, Inc. | 75,811 | 4,289,387 | ||||||
5,062,252 | ||||||||
25,594,117 | ||||||||
TOTAL COMMON STOCK (Cost $266,009,102) | 241,412,719 | |||||||
PREFERRED STOCK — 0.7% | ||||||||
Consumer, Non-cyclical — 0.7% | ||||||||
Household Products & Wares — 0.7% | ||||||||
Henkel AG & Co. KGaA 2.753% | 25,475 | 1,818,211 | ||||||
TOTAL PREFERRED STOCK (Cost $1,687,653) | 1,818,211 | |||||||
TOTAL EQUITIES (Cost $267,696,755) | 243,230,930 | |||||||
MUTUAL FUNDS — 2.0% | ||||||||
Diversified Financial Services — 2.0% | ||||||||
iShares Russell Mid-Cap Value ETF (b) | 48,305 | 5,040,144 | ||||||
TOTAL MUTUAL FUNDS (Cost $5,365,954) | 5,040,144 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $273,062,709) | 248,271,074 | |||||||
SHORT-TERM INVESTMENTS — 2.2% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 341,972 | 341,972 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 2.0% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (e) | $ | 5,104,418 | 5,104,418 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,446,390) | 5,446,390 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL INVESTMENTS — 100.6% (Cost $278,509,099) (f) | $ | 253,717,464 | ||||||
Other Assets/(Liabilities) — (0.6)% | (1,546,747) | |||||||
NET ASSETS — 100.0% | $ | 252,170,717 |
Abbreviation Legend
ADR | American Depositary Receipt |
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $6,715,625 or 2.66% of net assets. The Fund received $6,650,060 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Security is a Master Limited Partnership. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $5,105,099. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $5,206,543. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Bank of America N.A. | 12/22/23 | USD | 5,066,600 | EUR | 4,766,577 | $ | 8,001 | |||||||||
Goldman Sachs & Co. | 12/22/23 | CAD | 64,730 | USD | 48,003 | (285) | ||||||||||
Goldman Sachs & Co. | 12/22/23 | USD | 3,937,577 | GBP | 3,222,767 | 3,240 | ||||||||||
Goldman Sachs & Co. | 12/22/23 | USD | 1,554,140 | CAD | 2,095,524 | 9,347 | ||||||||||
JP Morgan Chase Bank N.A. | 12/22/23 | USD | 5,067,515 | EUR | 4,766,577 | 8,916 | ||||||||||
Morgan Stanley & Co. LLC | 12/22/23 | USD | 5,068,530 | EUR | 4,766,577 | 9,931 | ||||||||||
$ | 39,150 |
Currency Legend
CAD | Canadian Dollar |
EUR | Euro |
GBP | British Pound |
USD | U.S. Dollar |
MML Small Cap Growth Equity Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.4% | ||||||||
COMMON STOCK — 99.4% | ||||||||
Basic Materials — 3.2% | ||||||||
Chemicals — 3.2% | ||||||||
Cabot Corp. | 31,831 | $ | 2,204,933 | |||||
Livent Corp. (a) (b) | 69,712 | 1,283,398 | ||||||
Methanex Corp. | 17,988 | 810,360 | ||||||
4,298,691 | ||||||||
Communications — 5.7% | ||||||||
Internet — 3.3% | ||||||||
Cargurus, Inc. (a) | 42,238 | 740,010 | ||||||
Criteo SA Sponsored ADR (a) | 22,290 | 650,868 | ||||||
ePlus, Inc. (a) | 6,347 | 403,162 | ||||||
Eventbrite, Inc. Class A (a) | 88,769 | 875,262 | ||||||
Perficient, Inc. (a) | 10,685 | 618,234 | ||||||
Squarespace, Inc. Class A (a) | 19,262 | 558,020 | ||||||
Ziff Davis, Inc. (a) | 10,812 | 688,616 | ||||||
4,534,172 | ||||||||
Media — 0.7% | ||||||||
New York Times Co. Class A | 21,701 | 894,081 | ||||||
Telecommunications — 1.7% | ||||||||
Calix, Inc. (a) | 36,828 | 1,688,196 | ||||||
Viavi Solutions, Inc. (a) | 75,224 | 687,547 | ||||||
2,375,743 | ||||||||
7,803,996 | ||||||||
Consumer, Cyclical — 11.4% | ||||||||
Apparel — 1.6% | ||||||||
Carter's, Inc. | 8,119 | 561,429 | ||||||
Crocs, Inc. (a) | 9,850 | 869,065 | ||||||
Steven Madden Ltd. (b) | 22,744 | 722,577 | ||||||
2,153,071 | ||||||||
Auto Parts & Equipment — 0.5% | ||||||||
Visteon Corp. (a) | 5,200 | 717,964 | ||||||
Distribution & Wholesale — 1.3% | ||||||||
Rush Enterprises, Inc. Class A | 41,407 | 1,690,648 | ||||||
Entertainment — 0.5% | ||||||||
Cinemark Holdings, Inc. (a) | 39,169 | 718,751 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Food Services — 0.4% | ||||||||
Sovos Brands, Inc. (a) | 25,163 | $ | 567,426 | |||||
Home Builders — 1.7% | ||||||||
Century Communities, Inc. | 9,760 | 651,773 | ||||||
Skyline Champion Corp. (a) | 26,590 | 1,694,315 | ||||||
2,346,088 | ||||||||
Leisure Time — 1.6% | ||||||||
Acushnet Holdings Corp. | 10,362 | 549,601 | ||||||
YETI Holdings, Inc. (a) | 33,415 | 1,611,271 | ||||||
2,160,872 | ||||||||
Lodging — 0.7% | ||||||||
Boyd Gaming Corp. | 14,932 | 908,313 | ||||||
Retail — 3.1% | ||||||||
Boot Barn Holdings, Inc. (a) | 6,689 | 543,080 | ||||||
Denny's Corp. (a) | 14,248 | 120,681 | ||||||
Freshpet, Inc. (a) | 7,782 | 512,678 | ||||||
Papa John's International, Inc. (b) | 9,288 | 633,627 | ||||||
Patrick Industries, Inc. | 6,195 | 464,997 | ||||||
Victoria's Secret & Co. (a) | 20,586 | 343,374 | ||||||
Wingstop, Inc. | 8,775 | 1,578,096 | ||||||
4,196,533 | ||||||||
15,459,666 | ||||||||
Consumer, Non-cyclical — 23.0% | ||||||||
Beverages — 0.9% | ||||||||
Celsius Holdings, Inc. (a) | 7,175 | 1,231,230 | ||||||
Biotechnology — 7.2% | ||||||||
Akero Therapeutics, Inc. (a) | 11,493 | 581,316 | ||||||
Amicus Therapeutics, Inc. (a) | 48,533 | 590,161 | ||||||
Apellis Pharmaceuticals, Inc. (a) (b) | 13,312 | 506,389 | ||||||
Blueprint Medicines Corp. (a) | 6,268 | 314,779 | ||||||
Celldex Therapeutics, Inc. (a) | 4,337 | 119,354 | ||||||
Crinetics Pharmaceuticals, Inc. (a) | 28,466 | 846,579 | ||||||
Cytokinetics, Inc. (a) | 21,085 | 621,164 | ||||||
Immatics NV (a) | 56,357 | 652,614 | ||||||
Immunocore Holdings PLC ADR (a) | 6,297 | 326,814 | ||||||
ImmunoGen, Inc. (a) | 10,742 | 170,476 | ||||||
Intellia Therapeutics, Inc. (a) | 9,402 | 297,291 | ||||||
Intra-Cellular Therapies, Inc. (a) | 12,791 | 666,283 | ||||||
Kymera Therapeutics, Inc. (a) | 16,949 | 235,591 | ||||||
Myriad Genetics, Inc. (a) | 30,971 | 496,775 | ||||||
Prothena Corp. PLC (a) | 4,568 | 220,406 | ||||||
PTC Therapeutics, Inc. (a) | 8,805 | 197,320 | ||||||
Revolution Medicines, Inc. (a) | 21,496 | 595,009 | ||||||
Rocket Pharmaceuticals, Inc. (a) | 39,003 | 799,171 | ||||||
Structure Therapeutics, Inc. ADR (a) (b) | 3,688 | 185,949 | ||||||
Syndax Pharmaceuticals, Inc. (a) | 27,369 | 397,398 | ||||||
Veracyte, Inc. (a) | 22,432 | 500,907 | ||||||
Xenon Pharmaceuticals, Inc. (a) | 7,961 | 271,948 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Zentalis Pharmaceuticals, Inc. (a) | 8,037 | $ | 161,222 | |||||
9,754,916 | ||||||||
Commercial Services — 3.5% | ||||||||
Cross Country Healthcare, Inc. (a) | 26,327 | 652,646 | ||||||
European Wax Center, Inc. Class A (a) | 26,342 | 426,740 | ||||||
H&R Block, Inc. | 19,010 | 818,571 | ||||||
Herc Holdings, Inc. | 4,859 | 577,930 | ||||||
ManpowerGroup, Inc. | 9,606 | 704,312 | ||||||
TriNet Group, Inc. (a) | 14,019 | 1,632,933 | ||||||
4,813,132 | ||||||||
Cosmetics & Personal Care — 1.0% | ||||||||
elf Beauty, Inc. (a) | 12,102 | 1,329,163 | ||||||
Food — 0.5% | ||||||||
TreeHouse Foods, Inc. (a) | 15,279 | 665,859 | ||||||
Health Care – Products — 5.6% | ||||||||
Glaukos Corp. (a) | 19,400 | 1,459,850 | ||||||
Globus Medical, Inc. Class A (a) | 10,725 | 532,496 | ||||||
Haemonetics Corp. (a) | 21,252 | 1,903,754 | ||||||
Inari Medical, Inc. (a) | 12,467 | 815,342 | ||||||
Inspire Medical Systems, Inc. (a) | 4,338 | 860,833 | ||||||
Lantheus Holdings, Inc. (a) | 2,369 | 164,598 | ||||||
Omnicell, Inc. (a) | 10,059 | 453,057 | ||||||
PROCEPT BioRobotics Corp. (a) | 22,019 | 722,444 | ||||||
Shockwave Medical, Inc. (a) | 3,346 | 666,189 | ||||||
7,578,563 | ||||||||
Health Care – Services — 2.4% | ||||||||
Acadia Healthcare Co., Inc. (a) | 19,006 | 1,336,312 | ||||||
Amedisys, Inc. (a) | 6,319 | 590,194 | ||||||
HealthEquity, Inc. (a) | 9,913 | 724,145 | ||||||
Surgery Partners, Inc. (a) (b) | 21,068 | 616,239 | ||||||
3,266,890 | ||||||||
Pharmaceuticals — 1.9% | ||||||||
Aclaris Therapeutics, Inc. (a) | 43,885 | 300,612 | ||||||
Ascendis Pharma AS ADR (a) | 1,705 | 159,656 | ||||||
BellRing Brands, Inc. (a) | 17,690 | 729,359 | ||||||
Merus NV (a) | 17,830 | 420,431 | ||||||
Morphic Holding, Inc. (a) | 10,511 | 240,807 | ||||||
Revance Therapeutics, Inc. (a) | 8,811 | 101,062 | ||||||
Vaxcyte, Inc. (a) | 7,869 | 401,162 | ||||||
Verona Pharma PLC ADR (a) (b) | 19,033 | 310,238 | ||||||
2,663,327 | ||||||||
31,303,080 | ||||||||
Energy — 7.1% | ||||||||
Energy – Alternate Sources — 1.3% | ||||||||
Maxeon Solar Technologies Ltd. (a) (b) | 20,237 | 234,547 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Shoals Technologies Group, Inc. Class A (a) | 84,685 | $ | 1,545,501 | |||||
1,780,048 | ||||||||
Oil & Gas — 5.6% | ||||||||
Chord Energy Corp. | 12,490 | 2,024,254 | ||||||
Gulfport Energy Corp. (a) | 5,888 | 698,670 | ||||||
Magnolia Oil & Gas Corp. Class A | 35,849 | 821,301 | ||||||
Seadrill Ltd. (a) | 31,304 | 1,402,106 | ||||||
Sitio Royalties Corp. Class A | 30,317 | 733,974 | ||||||
Viper Energy Partners LP | 69,436 | 1,935,876 | ||||||
7,616,181 | ||||||||
Oil & Gas Services — 0.2% | ||||||||
Aris Water Solutions, Inc. Class A | 24,323 | 242,744 | ||||||
9,638,973 | ||||||||
Financial — 15.8% | ||||||||
Banks — 3.9% | ||||||||
Ameris Bancorp | 23,343 | 896,138 | ||||||
Cadence Bank | 63,034 | 1,337,582 | ||||||
First Interstate BancSystem, Inc. Class A | 28,310 | 706,051 | ||||||
Hancock Whitney Corp. | 21,864 | 808,749 | ||||||
National Bank Holdings Corp. Class A | 25,474 | 758,106 | ||||||
Seacoast Banking Corp. of Florida | 38,591 | 847,458 | ||||||
5,354,084 | ||||||||
Diversified Financial Services — 3.8% | ||||||||
Air Lease Corp. | 24,443 | 963,299 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) | 56,586 | 1,199,623 | ||||||
PJT Partners, Inc. Class A | 18,432 | 1,464,238 | ||||||
PRA Group, Inc. (a) | 36,872 | 708,311 | ||||||
StepStone Group, Inc. Class A | 27,562 | 870,408 | ||||||
5,205,879 | ||||||||
Insurance — 2.6% | ||||||||
Assured Guaranty Ltd. | 15,916 | 963,236 | ||||||
Kemper Corp. | 14,803 | 622,170 | ||||||
MGIC Investment Corp. | 32,846 | 548,200 | ||||||
Selective Insurance Group, Inc. | 6,928 | 714,762 | ||||||
SiriusPoint Ltd. (a) | 67,840 | 689,933 | ||||||
3,538,301 | ||||||||
Real Estate — 0.6% | ||||||||
McGrath RentCorp | 7,503 | 752,101 | ||||||
Real Estate Investment Trusts (REITS) — 4.9% | ||||||||
Douglas Emmett, Inc. (b) | 45,260 | 577,518 | ||||||
Essential Properties Realty Trust, Inc. | 33,263 | 719,479 | ||||||
National Storage Affiliates Trust | 17,179 | 545,261 | ||||||
Phillips Edison & Co., Inc. | 48,613 | 1,630,480 | ||||||
PotlatchDeltic Corp. | 17,273 | 784,021 | ||||||
Ryman Hospitality Properties, Inc. | 11,872 | 988,700 | ||||||
Terreno Realty Corp. | 12,322 | 699,890 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Xenia Hotels & Resorts, Inc. | 57,800 | $ | 680,884 | |||||
6,626,233 | ||||||||
21,476,598 | ||||||||
Industrial — 17.3% | ||||||||
Aerospace & Defense — 1.3% | ||||||||
Curtiss-Wright Corp. | 5,610 | 1,097,484 | ||||||
Leonardo DRS, Inc. (a) | 40,961 | 684,049 | ||||||
1,781,533 | ||||||||
Building Materials — 1.9% | ||||||||
AZEK Co., Inc. (a) | 61,283 | 1,822,557 | ||||||
Boise Cascade Co. | 7,708 | 794,232 | ||||||
2,616,789 | ||||||||
Electrical Components & Equipment — 1.0% | ||||||||
Acuity Brands, Inc. | 2,996 | 510,248 | ||||||
Novanta, Inc. (a) | 6,052 | 868,099 | ||||||
1,378,347 | ||||||||
Engineering & Construction — 2.8% | ||||||||
Comfort Systems USA, Inc. | 6,983 | 1,189,973 | ||||||
Fluor Corp. (a) | 72,467 | 2,659,539 | ||||||
3,849,512 | ||||||||
Environmental Controls — 1.1% | ||||||||
Casella Waste Systems, Inc. Class A (a) | 9,565 | 729,809 | ||||||
Clean Harbors, Inc. (a) | 4,374 | 732,033 | ||||||
1,461,842 | ||||||||
Hand & Machine Tools — 0.4% | ||||||||
Kennametal, Inc. | 21,801 | 542,409 | ||||||
Machinery – Diversified — 5.0% | ||||||||
Albany International Corp. Class A | 6,278 | 541,666 | ||||||
Applied Industrial Technologies, Inc. | 10,896 | 1,684,631 | ||||||
Cactus, Inc. Class A | 21,887 | 1,098,946 | ||||||
Flowserve Corp. | 24,172 | 961,320 | ||||||
Middleby Corp. (a) | 4,680 | 599,040 | ||||||
Zurn Elkay Water Solutions Corp. Class C | 68,652 | 1,923,629 | ||||||
6,809,232 | ||||||||
Metal Fabricate & Hardware — 0.5% | ||||||||
Helios Technologies, Inc. | 12,250 | 679,630 | ||||||
Miscellaneous - Manufacturing — 0.5% | ||||||||
EnPro Industries, Inc. | 5,800 | 702,902 | ||||||
Packaging & Containers — 0.6% | ||||||||
Graphic Packaging Holding Co. | 34,307 | 764,360 | ||||||
Transportation — 1.7% | ||||||||
Kirby Corp. (a) | 11,318 | 937,130 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
RXO, Inc. (a) | 33,657 | $ | 664,053 | |||||
Ryder System, Inc. | 6,319 | 675,817 | ||||||
2,277,000 | ||||||||
Trucking & Leasing — 0.5% | ||||||||
GATX Corp. | 6,060 | 659,510 | ||||||
23,523,066 | ||||||||
Technology — 14.0% | ||||||||
Computers — 2.0% | ||||||||
CyberArk Software Ltd. (a) | 4,867 | 797,068 | ||||||
Exlservice Holdings, Inc. (a) | 42,742 | 1,198,486 | ||||||
Rapid7, Inc. (a) | 15,717 | 719,524 | ||||||
2,715,078 | ||||||||
Semiconductors — 2.5% | ||||||||
Cirrus Logic, Inc. (a) | 4,866 | 359,889 | ||||||
FormFactor, Inc. (a) | 21,387 | 747,262 | ||||||
MKS Instruments, Inc. | 5,587 | 483,499 | ||||||
Power Integrations, Inc. | 9,029 | 689,003 | ||||||
SiTime Corp. (a) | 4,362 | 498,359 | ||||||
Synaptics, Inc. (a) | 7,067 | 632,072 | ||||||
3,410,084 | ||||||||
Software — 9.5% | ||||||||
Clearwater Analytics Holdings, Inc. Class A (a) | 23,726 | 458,861 | ||||||
DoubleVerify Holdings, Inc. (a) | 55,279 | 1,545,048 | ||||||
Duolingo, Inc. (a) | 3,047 | 505,406 | ||||||
Five9, Inc. (a) | 12,231 | 786,453 | ||||||
Global-e Online Ltd. (a) | 17,555 | 697,636 | ||||||
Intapp, Inc. (a) | 11,023 | 369,491 | ||||||
Jamf Holding Corp. (a) | 80,778 | 1,426,539 | ||||||
Manhattan Associates, Inc. (a) | 5,339 | 1,055,307 | ||||||
New Relic, Inc. (a) | 15,038 | 1,287,554 | ||||||
PowerSchool Holdings, Inc. Class A (a) (b) | 51,855 | 1,175,034 | ||||||
RingCentral, Inc. Class A (a) | 5,968 | 176,832 | ||||||
Sprout Social, Inc. Class A (a) (b) | 30,823 | 1,537,451 | ||||||
Verra Mobility Corp. (a) | 96,071 | 1,796,528 | ||||||
12,818,140 | ||||||||
18,943,302 | ||||||||
Utilities — 1.9% | ||||||||
Electric — 1.4% | ||||||||
Ameresco, Inc. Class A (a) (b) | 16,866 | 650,353 | ||||||
Atlantica Sustainable Infrastructure PLC | 31,019 | 592,463 | ||||||
IDACORP, Inc. | 5,200 | 486,980 | ||||||
Portland General Electric Co. | 5,585 | 226,081 | ||||||
1,955,877 | ||||||||
Gas — 0.5% | ||||||||
ONE Gas, Inc. | 8,841 | 603,663 | ||||||
2,559,540 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TOTAL COMMON STOCK (Cost $130,710,612) | $ | 135,006,912 | ||||||
TOTAL EQUITIES (Cost $130,710,612) | 135,006,912 | |||||||
MUTUAL FUNDS — 0.5% | ||||||||
Diversified Financial Services — 0.5% | ||||||||
iShares Russell 2000 ETF (b) | 3,388 | 598,795 | ||||||
iShares Russell 2000 Growth ETF | 601 | 134,715 | ||||||
733,510 | ||||||||
TOTAL MUTUAL FUNDS (Cost $798,705) | 733,510 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $131,509,317) | 135,740,422 | |||||||
SHORT-TERM INVESTMENTS — 1.3% | ||||||||
Investment of Cash Collateral from Securities Loaned — 1.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 1,627,524 | 1,627,524 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (d) | $ | 147,316 | 147,316 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,774,840) | 1,774,840 | |||||||
TOTAL INVESTMENTS — 101.2% (Cost $133,284,157) (e) | 137,515,262 | |||||||
Other Assets/(Liabilities) — (1.2)% | (1,678,490) | |||||||
NET ASSETS — 100.0% | $ | 135,836,772 |
Abbreviation Legend
ADR | American Depositary Receipt |
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $9,805,793 or 7.22% of net assets. The Fund received $8,420,248 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $147,336. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $150,288. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Small Company Value Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.8% | ||||||||
COMMON STOCK — 99.8% | ||||||||
Basic Materials — 1.8% | ||||||||
Chemicals — 1.8% | ||||||||
Element Solutions, Inc. | 14,169 | $ | 277,854 | |||||
Ingevity Corp. (a) | 5,160 | 245,668 | ||||||
Minerals Technologies, Inc. | 13,628 | 746,269 | ||||||
1,269,791 | ||||||||
1,269,791 | ||||||||
Communications — 2.3% | ||||||||
Internet — 0.9% | ||||||||
Entravision Communications Corp. Class A | 111,934 | 408,559 | ||||||
Solo Brands, Inc. Class A (a) | 44,543 | 227,169 | ||||||
635,728 | ||||||||
Media — 1.4% | ||||||||
Cable One, Inc. | 1,443 | 888,369 | ||||||
Townsquare Media, Inc. Class A | 9,154 | 79,823 | ||||||
968,192 | ||||||||
1,603,920 | ||||||||
Consumer, Cyclical — 18.1% | ||||||||
Apparel — 1.9% | ||||||||
Tapestry, Inc. | 44,891 | 1,290,616 | ||||||
Distribution & Wholesale — 1.4% | ||||||||
A-Mark Precious Metals, Inc. | 18,329 | 537,589 | ||||||
OPENLANE, Inc. (a) | 17,566 | 262,085 | ||||||
Titan Machinery, Inc. (a) | 7,546 | 200,573 | ||||||
1,000,247 | ||||||||
Entertainment — 1.3% | ||||||||
Accel Entertainment, Inc. (a) | 40,397 | 442,347 | ||||||
Everi Holdings, Inc. (a) | 32,232 | 426,107 | ||||||
868,454 | ||||||||
Home Builders — 2.7% | ||||||||
Cavco Industries, Inc. (a) | 1,106 | 293,820 | ||||||
Skyline Champion Corp. (a) | 25,200 | 1,605,744 | ||||||
1,899,564 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Home Furnishing — 0.3% | ||||||||
Vizio Holding Corp. Class A (a) | 34,696 | $ | 187,705 | |||||
Leisure Time — 3.3% | ||||||||
Brunswick Corp. | 17,941 | 1,417,339 | ||||||
Malibu Boats, Inc. Class A (a) | 12,427 | 609,172 | ||||||
Planet Fitness, Inc. Class A (a) | 5,824 | 286,424 | ||||||
2,312,935 | ||||||||
Lodging — 0.6% | ||||||||
Boyd Gaming Corp. | 6,218 | 378,241 | ||||||
Retail — 6.6% | ||||||||
Beacon Roofing Supply, Inc. (a) | 13,456 | 1,038,400 | ||||||
Dave & Buster's Entertainment, Inc. (a) | 21,559 | 799,192 | ||||||
GMS, Inc. (a) | 14,435 | 923,407 | ||||||
MarineMax, Inc. (a) | 22,527 | 739,336 | ||||||
OneWater Marine, Inc. Class A (a) (b) | 19,415 | 497,412 | ||||||
Penske Automotive Group, Inc. | 2,964 | 495,166 | ||||||
Red Robin Gourmet Burgers, Inc. (a) (b) | 9,038 | 72,666 | ||||||
4,565,579 | ||||||||
12,503,341 | ||||||||
Consumer, Non-cyclical — 14.6% | ||||||||
Agriculture — 0.3% | ||||||||
Turning Point Brands, Inc. | 10,083 | 232,816 | ||||||
Commercial Services — 9.1% | ||||||||
AMN Healthcare Services, Inc. (a) | 1,742 | 148,384 | ||||||
Barrett Business Services, Inc. | 3,719 | 335,603 | ||||||
Brink's Co. | 18,182 | 1,320,741 | ||||||
Deluxe Corp. | 30,370 | 573,689 | ||||||
Euronet Worldwide, Inc. (a) | 10,411 | 826,425 | ||||||
EVERTEC, Inc. | 43,552 | 1,619,263 | ||||||
Korn Ferry | 20,390 | 967,302 | ||||||
Loomis AB | 15,047 | 404,050 | ||||||
Repay Holdings Corp. (a) | 12,624 | 95,816 | ||||||
6,291,273 | ||||||||
Cosmetics & Personal Care — 1.7% | ||||||||
Edgewell Personal Care Co. | 32,384 | 1,196,913 | ||||||
Health Care – Products — 1.8% | ||||||||
Embecta Corp. | 25,792 | 388,170 | ||||||
Enovis Corp. (a) | 7,924 | 417,832 | ||||||
Envista Holdings Corp. (a) | 15,933 | 444,212 | ||||||
1,250,214 | ||||||||
Household Products & Wares — 1.7% | ||||||||
Spectrum Brands Holdings, Inc. | 14,620 | 1,145,477 | ||||||
10,116,693 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Energy — 6.3% | ||||||||
Energy – Alternate Sources — 0.2% | ||||||||
Enviva, Inc. (b) | 17,762 | $ | 132,682 | |||||
Oil & Gas — 3.9% | ||||||||
Chord Energy Corp. | 3,111 | 504,200 | ||||||
Earthstone Energy, Inc. Class A (a) | 21,552 | 436,212 | ||||||
Magnolia Oil & Gas Corp. Class A | 46,527 | 1,065,933 | ||||||
Northern Oil & Gas, Inc. | 18,234 | 733,554 | ||||||
2,739,899 | ||||||||
Oil & Gas Services — 2.2% | ||||||||
ChampionX Corp. | 41,969 | 1,494,936 | ||||||
4,367,517 | ||||||||
Financial — 32.1% | ||||||||
Banks — 19.6% | ||||||||
Ameris Bancorp | 21,287 | 817,208 | ||||||
BankUnited, Inc. | 19,629 | 445,578 | ||||||
Columbia Banking System, Inc. | 36,814 | 747,324 | ||||||
CVB Financial Corp. | 39,490 | 654,349 | ||||||
First BanCorp | 100,083 | 1,347,117 | ||||||
First Interstate BancSystem, Inc. Class A | 24,163 | 602,625 | ||||||
First Merchants Corp. | 9,555 | 265,820 | ||||||
FNB Corp. | 120,187 | 1,296,818 | ||||||
Home BancShares, Inc. | 58,891 | 1,233,178 | ||||||
Independent Bank Group, Inc. | 3,584 | 141,747 | ||||||
Old National Bancorp | 111,987 | 1,628,291 | ||||||
Origin Bancorp, Inc. | 8,978 | 259,195 | ||||||
Popular, Inc. | 2,649 | 166,914 | ||||||
Premier Financial Corp. | 1,306 | 22,280 | ||||||
SouthState Corp. | 19,837 | 1,336,220 | ||||||
UMB Financial Corp. | 16,235 | 1,007,382 | ||||||
Valley National Bancorp | 120,396 | 1,030,590 | ||||||
Webster Financial Corp. | 14,009 | 564,703 | ||||||
13,567,339 | ||||||||
Diversified Financial Services — 0.1% | ||||||||
Enact Holdings, Inc. | 3,598 | 97,974 | ||||||
Insurance — 3.0% | ||||||||
Axis Capital Holdings Ltd. | 25,008 | 1,409,701 | ||||||
Fidelis Insurance Holdings Ltd. (a) | 22,768 | 334,234 | ||||||
Selective Insurance Group, Inc. | 2,994 | 308,891 | ||||||
2,052,826 | ||||||||
Investment Companies — 1.7% | ||||||||
Compass Diversified Holdings (b) | 62,872 | 1,180,107 | ||||||
Private Equity — 0.4% | ||||||||
Patria Investments Ltd. Class A | 18,444 | 268,913 | ||||||
Real Estate Investment Trusts (REITS) — 5.3% | ||||||||
CareTrust REIT, Inc. | 16,274 | 333,617 | ||||||
Easterly Government Properties, Inc. | 16,250 | 185,738 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Four Corners Property Trust, Inc. | 26,610 | $ | 590,476 | |||||
Highwoods Properties, Inc. | 23,514 | 484,624 | ||||||
Kite Realty Group Trust | 26,074 | 558,505 | ||||||
National Health Investors, Inc. | 6,298 | 323,465 | ||||||
NETSTREIT Corp. | 17,390 | 270,936 | ||||||
Physicians Realty Trust | 37,067 | 451,847 | ||||||
Summit Hotel Properties, Inc. | 17,499 | 101,494 | ||||||
UMH Properties, Inc. | 28,066 | 393,485 | ||||||
3,694,187 | ||||||||
Savings & Loans — 2.0% | ||||||||
Axos Financial, Inc. (a) | 8,398 | 317,948 | ||||||
Pacific Premier Bancorp, Inc. | 35,773 | 778,421 | ||||||
Provident Financial Services, Inc. | 16,951 | 259,181 | ||||||
1,355,550 | ||||||||
22,216,896 | ||||||||
Industrial — 17.1% | ||||||||
Building Materials — 1.1% | ||||||||
Tecnoglass, Inc. | 22,735 | 749,346 | ||||||
Electrical Components & Equipment — 0.4% | ||||||||
Belden, Inc. | 3,217 | 310,601 | ||||||
Electronics — 4.8% | ||||||||
Atmus Filtration Technologies, Inc. (a) | 11,022 | 229,809 | ||||||
Avnet, Inc. | 28,932 | 1,394,233 | ||||||
Coherent Corp. (a) | 42,586 | 1,390,007 | ||||||
Vontier Corp. | 9,851 | 304,593 | ||||||
3,318,642 | ||||||||
Engineering & Construction — 0.9% | ||||||||
Dycom Industries, Inc. (a) | 2,612 | 232,468 | ||||||
NV5 Global, Inc. (a) | 3,714 | 357,398 | ||||||
589,866 | ||||||||
Environmental Controls — 0.1% | ||||||||
CECO Environmental Corp. (a) | 2,477 | 39,558 | ||||||
Hand & Machine Tools — 0.2% | ||||||||
Luxfer Holdings PLC | 10,932 | 142,663 | ||||||
Machinery – Diversified — 3.3% | ||||||||
Cactus, Inc. Class A | 18,830 | 945,454 | ||||||
DXP Enterprises, Inc. (a) | 6,856 | 239,549 | ||||||
Esab Corp. | 1,964 | 137,912 | ||||||
Gates Industrial Corp. PLC (a) | 83,517 | 969,632 | ||||||
2,292,547 | ||||||||
Metal Fabricate & Hardware — 3.0% | ||||||||
Hillman Solutions Corp. (a) | 79,308 | 654,291 | ||||||
Timken Co. | 19,597 | 1,440,183 | ||||||
2,094,474 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Miscellaneous - Manufacturing — 0.0% | ||||||||
DIRTT Environmental Solutions (a) (b) | 64,423 | $ | 25,801 | |||||
Packaging & Containers — 3.3% | ||||||||
Graphic Packaging Holding Co. | 76,547 | 1,705,467 | ||||||
Karat Packaging, Inc. | 3,643 | 84,008 | ||||||
Pactiv Evergreen, Inc. | 61,561 | 500,491 | ||||||
2,289,966 | ||||||||
11,853,464 | ||||||||
Technology — 5.9% | ||||||||
Semiconductors — 2.5% | ||||||||
Cohu, Inc. (a) | 10,016 | 344,951 | ||||||
Kulicke & Soffa Industries, Inc. | 21,628 | 1,051,770 | ||||||
MKS Instruments, Inc. | 4,001 | 346,246 | ||||||
1,742,967 | ||||||||
Software — 3.4% | ||||||||
Digital Turbine, Inc. (a) | 27,169 | 164,372 | ||||||
Donnelley Financial Solutions, Inc. (a) | 7,374 | 415,009 | ||||||
IBEX Holdings Ltd. (a) | 12,681 | 195,922 | ||||||
Teradata Corp. (a) | 27,600 | 1,242,552 | ||||||
Verra Mobility Corp. (a) | 17,029 | 318,442 | ||||||
2,336,297 | ||||||||
4,079,264 | ||||||||
Utilities — 1.6% | ||||||||
Electric — 0.5% | ||||||||
ALLETE, Inc. | 5,996 | 316,589 | ||||||
Gas — 1.1% | ||||||||
Northwest Natural Holding Co. | 3,763 | 143,596 | ||||||
Southwest Gas Holdings, Inc. | 10,878 | 657,140 | ||||||
800,736 | ||||||||
1,117,325 | ||||||||
TOTAL COMMON STOCK (Cost $78,127,241) | 69,128,211 | |||||||
TOTAL EQUITIES (Cost $78,127,241) | 69,128,211 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $78,127,241) | 69,128,211 | |||||||
SHORT-TERM INVESTMENTS — 0.4% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 180,997 | 180,997 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Repurchase Agreement — 0.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (d) | $ | 101,354 | $ | 101,354 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $282,351) | 282,351 | |||||||
TOTAL INVESTMENTS — 100.2% (Cost $78,409,592) (e) | 69,410,562 | |||||||
Other Assets/(Liabilities) — (0.2)% | (165,139) | |||||||
NET ASSETS — 100.0% | $ | 69,245,423 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $1,836,597 or 2.65% of net assets. The Fund received $1,701,274 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $101,367. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $103,402. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
UBS AG | 12/22/23 | USD | 329,228 | SEK | 3,624,672 | $ | (3,882) |
Currency Legend
SEK | Swedish Krona |
USD | U.S. Dollar |
MML Small/Mid Cap Value Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.3% | ||||||||
COMMON STOCK — 99.3% | ||||||||
Basic Materials — 3.8% | ||||||||
Chemicals — 1.2% | ||||||||
Element Solutions, Inc. | 64,837 | $ | 1,271,453 | |||||
Huntsman Corp. | 8,847 | 215,867 | ||||||
1,487,320 | ||||||||
Iron & Steel — 1.0% | ||||||||
ATI, Inc. (a) | 28,593 | 1,176,602 | ||||||
Mining — 1.6% | ||||||||
Cameco Corp. | 50,034 | 1,983,348 | ||||||
4,647,270 | ||||||||
Communications — 3.5% | ||||||||
Internet — 2.2% | ||||||||
Criteo SA Sponsored ADR (a) | 47,491 | 1,386,737 | ||||||
Gen Digital, Inc. | 76,223 | 1,347,623 | ||||||
2,734,360 | ||||||||
Media — 1.2% | ||||||||
Nexstar Media Group, Inc. Class A | 10,744 | 1,540,367 | ||||||
Telecommunications — 0.1% | ||||||||
Calix, Inc. (a) | 1,495 | 68,531 | ||||||
4,343,258 | ||||||||
Consumer, Cyclical — 13.6% | ||||||||
Airlines — 1.0% | ||||||||
Alaska Air Group, Inc. (a) | 31,596 | 1,171,580 | ||||||
Apparel — 3.6% | ||||||||
PVH Corp. | 22,788 | 1,743,510 | ||||||
Ralph Lauren Corp. | 13,945 | 1,618,875 | ||||||
Tapestry, Inc. | 38,460 | 1,105,725 | ||||||
4,468,110 | ||||||||
Auto Parts & Equipment — 1.6% | ||||||||
Dana, Inc. | 66,632 | 977,491 | ||||||
Goodyear Tire & Rubber Co. (a) | 82,285 | 1,022,803 | ||||||
2,000,294 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Home Builders — 2.1% | ||||||||
PulteGroup, Inc. | 18,892 | $ | 1,398,952 | |||||
Taylor Morrison Home Corp. (a) | 27,734 | 1,181,746 | ||||||
2,580,698 | ||||||||
Lodging — 1.0% | ||||||||
Hilton Grand Vacations, Inc. (a) | 31,662 | 1,288,643 | ||||||
Retail — 4.3% | ||||||||
Bath & Body Works, Inc. | 44,627 | 1,508,393 | ||||||
Dine Brands Global, Inc. | 23,121 | 1,143,333 | ||||||
Papa John's International, Inc. | 16,401 | 1,118,876 | ||||||
Sally Beauty Holdings, Inc. (a) | 28,528 | 239,065 | ||||||
Williams-Sonoma, Inc. (b) | 8,312 | 1,291,685 | ||||||
5,301,352 | ||||||||
16,810,677 | ||||||||
Consumer, Non-cyclical — 14.6% | ||||||||
Commercial Services — 6.4% | ||||||||
ABM Industries, Inc. | 33,186 | 1,327,772 | ||||||
ADT, Inc. | 251,854 | 1,511,124 | ||||||
AMN Healthcare Services, Inc. (a) | 14,070 | 1,198,482 | ||||||
Herc Holdings, Inc. | 14,070 | 1,673,486 | ||||||
Korn Ferry | 17,010 | 806,954 | ||||||
Robert Half, Inc. | 18,899 | 1,384,919 | ||||||
7,902,737 | ||||||||
Food — 1.8% | ||||||||
Hain Celestial Group, Inc. (a) | 82,020 | 850,548 | ||||||
Nomad Foods Ltd. (a) | 92,433 | 1,406,830 | ||||||
2,257,378 | ||||||||
Health Care – Products — 3.5% | ||||||||
Avantor, Inc. (a) | 64,210 | 1,353,547 | ||||||
Envista Holdings Corp. (a) | 54,726 | 1,525,761 | ||||||
Integra LifeSciences Holdings Corp. (a) | 36,139 | 1,380,148 | ||||||
4,259,456 | ||||||||
Health Care – Services — 2.9% | ||||||||
Acadia Healthcare Co., Inc. (a) | 16,822 | 1,182,755 | ||||||
Fortrea Holdings, Inc. (a) | 41,238 | 1,178,994 | ||||||
Pediatrix Medical Group, Inc. (a) | 92,138 | 1,171,074 | ||||||
3,532,823 | ||||||||
17,952,394 | ||||||||
Energy — 4.0% | ||||||||
Oil & Gas — 2.6% | ||||||||
HF Sinclair Corp. | 24,486 | 1,393,988 | ||||||
Magnolia Oil & Gas Corp. Class A | 76,670 | 1,756,510 | ||||||
3,150,498 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Oil & Gas Services — 1.4% | ||||||||
ChampionX Corp. | 49,800 | $ | 1,773,876 | |||||
4,924,374 | ||||||||
Financial — 26.8% | ||||||||
Banks — 10.2% | ||||||||
BankUnited, Inc. | 28,147 | 638,937 | ||||||
Comerica, Inc. | 37,974 | 1,577,820 | ||||||
First BanCorp | 115,082 | 1,549,004 | ||||||
First Citizens BancShares, Inc. Class A | 1,513 | 2,088,091 | ||||||
First Hawaiian, Inc. | 89,922 | 1,623,092 | ||||||
Texas Capital Bancshares, Inc. (a) | 24,485 | 1,442,167 | ||||||
Webster Financial Corp. | 27,375 | 1,103,486 | ||||||
Wintrust Financial Corp. | 19,448 | 1,468,324 | ||||||
Zions Bancorp NA | 31,069 | 1,083,997 | ||||||
12,574,918 | ||||||||
Diversified Financial Services — 3.9% | ||||||||
Cboe Global Markets, Inc. | 12,440 | 1,943,252 | ||||||
Moelis & Co. Class A | 27,796 | 1,254,434 | ||||||
Stifel Financial Corp. | 26,351 | 1,619,005 | ||||||
4,816,691 | ||||||||
Insurance — 5.1% | ||||||||
American Financial Group, Inc. | 11,518 | 1,286,215 | ||||||
Everest Group Ltd. | 5,470 | 2,033,035 | ||||||
Hanover Insurance Group, Inc. | 9,488 | 1,052,978 | ||||||
Kemper Corp. | 21,564 | 906,335 | ||||||
Selective Insurance Group, Inc. | 9,967 | 1,028,296 | ||||||
6,306,859 | ||||||||
Real Estate — 1.2% | ||||||||
Jones Lang LaSalle, Inc. (a) | 10,313 | 1,455,989 | ||||||
Real Estate Investment Trusts (REITS) — 6.4% | ||||||||
Apartment Income REIT Corp. | 49,034 | 1,505,344 | ||||||
Broadstone Net Lease, Inc. | 64,008 | 915,314 | ||||||
CubeSmart | 33,384 | 1,272,932 | ||||||
First Industrial Realty Trust, Inc. | 24,904 | 1,185,181 | ||||||
Physicians Realty Trust | 97,724 | 1,191,256 | ||||||
Ryman Hospitality Properties, Inc. | 2,962 | 246,675 | ||||||
STAG Industrial, Inc. | 47,258 | 1,630,874 | ||||||
7,947,576 | ||||||||
33,102,033 | ||||||||
Industrial — 21.2% | ||||||||
Aerospace & Defense — 0.6% | ||||||||
Spirit AeroSystems Holdings, Inc. Class A | 48,736 | 786,599 | ||||||
Building Materials — 2.1% | ||||||||
Builders FirstSource, Inc. (a) | 13,843 | 1,723,315 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Masonite International Corp. (a) | 9,113 | $ | 849,514 | |||||
2,572,829 | ||||||||
Electrical Components & Equipment — 1.3% | ||||||||
Belden, Inc. | 16,164 | 1,560,634 | ||||||
Electronics — 2.2% | ||||||||
Avnet, Inc. | 31,485 | 1,517,262 | ||||||
Sensata Technologies Holding PLC | 31,710 | 1,199,272 | ||||||
2,716,534 | ||||||||
Engineering & Construction — 4.4% | ||||||||
Dycom Industries, Inc. (a) | 19,369 | 1,723,841 | ||||||
Fluor Corp. (a) | 59,310 | 2,176,677 | ||||||
MasTec, Inc. (a) | 21,353 | 1,536,775 | ||||||
5,437,293 | ||||||||
Environmental Controls — 1.1% | ||||||||
Stericycle, Inc. (a) | 30,602 | 1,368,215 | ||||||
Hand & Machine Tools — 1.0% | ||||||||
Regal Rexnord Corp. | 8,927 | 1,275,490 | ||||||
Machinery – Construction & Mining — 1.3% | ||||||||
Oshkosh Corp. | 17,415 | 1,661,914 | ||||||
Machinery – Diversified — 1.2% | ||||||||
Middleby Corp. (a) | 11,083 | 1,418,624 | ||||||
Packaging & Containers — 1.4% | ||||||||
Berry Global Group, Inc. | 27,564 | 1,706,487 | ||||||
Transportation — 4.6% | ||||||||
ArcBest Corp. | 14,630 | 1,487,140 | ||||||
International Seaways, Inc. | 32,117 | 1,445,265 | ||||||
Knight-Swift Transportation Holdings, Inc. | 30,723 | 1,540,758 | ||||||
Star Bulk Carriers Corp. | 63,163 | 1,217,783 | ||||||
5,690,946 | ||||||||
26,195,565 | ||||||||
Technology — 9.2% | ||||||||
Computers — 2.9% | ||||||||
Crane NXT Co. | 18,440 | 1,024,710 | ||||||
Genpact Ltd. | 36,000 | 1,303,200 | ||||||
Lumentum Holdings, Inc. (a) | 27,949 | 1,262,736 | ||||||
3,590,646 | ||||||||
Semiconductors — 4.0% | ||||||||
Amkor Technology, Inc. | 46,640 | 1,054,064 | ||||||
FormFactor, Inc. (a) | 49,020 | 1,712,759 | ||||||
Kulicke & Soffa Industries, Inc. | 14,562 | 708,150 | ||||||
Synaptics, Inc. (a) | 16,232 | 1,451,790 | ||||||
4,926,763 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Software — 2.3% | ||||||||
ACI Worldwide, Inc. (a) | 58,610 | $ | 1,322,242 | |||||
CommVault Systems, Inc. (a) | 22,246 | 1,504,052 | ||||||
2,826,294 | ||||||||
11,343,703 | ||||||||
Utilities — 2.6% | ||||||||
Electric — 2.6% | ||||||||
IDACORP, Inc. | 19,057 | 1,784,688 | ||||||
Portland General Electric Co. | 34,760 | 1,407,085 | ||||||
3,191,773 | ||||||||
TOTAL COMMON STOCK (Cost $131,091,182) | 122,511,047 | |||||||
TOTAL EQUITIES (Cost $131,091,182) | 122,511,047 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $131,091,182) | 122,511,047 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.8% | ||||||||
Repurchase Agreement — 0.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (c) | $ | 948,023 | 948,023 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $948,023) | 948,023 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $132,039,205) (d) | 123,459,070 | |||||||
Other Assets/(Liabilities) — (0.1)% | (98,897) | |||||||
NET ASSETS — 100.0% | $ | 123,360,173 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $1,270,485 or 1.03% of net assets. The Fund received $1,302,162 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Maturity value of $948,149. Collateralized by U.S. Government Agency obligations with a rate of 0.625%, maturity date of 1/15/26, and an aggregate market value, including accrued interest, of $967,079. |
(d) | See Note 3 for aggregate cost for federal tax purposes. |
MML Sustainable Equity Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.5% | ||||||||
COMMON STOCK — 99.5% | ||||||||
Basic Materials — 2.3% | ||||||||
Chemicals — 2.3% | ||||||||
Air Products & Chemicals, Inc. | 2,299 | $ | 651,537 | |||||
Ecolab, Inc. | 3,236 | 548,178 | ||||||
Linde PLC (LIN US) | 4,766 | 1,774,620 | ||||||
2,974,335 | ||||||||
Communications — 13.5% | ||||||||
Internet — 10.5% | ||||||||
Airbnb, Inc. Class A (a) | 2,634 | 361,411 | ||||||
Alphabet, Inc. Class A (a) | 45,564 | 5,962,505 | ||||||
Amazon.com, Inc. (a) | 26,578 | 3,378,596 | ||||||
CDW Corp. | 6,399 | 1,291,062 | ||||||
Meta Platforms, Inc. Class A (a) | 7,939 | 2,383,367 | ||||||
Uber Technologies, Inc. (a) | 8,352 | 384,109 | ||||||
13,761,050 | ||||||||
Media — 0.6% | ||||||||
Liberty Media Corp-Liberty Formula One Class C (a) | 4,357 | 271,441 | ||||||
Walt Disney Co. (a) | 6,897 | 559,002 | ||||||
830,443 | ||||||||
Telecommunications — 2.4% | ||||||||
Cisco Systems, Inc. | 31,591 | 1,698,332 | ||||||
Verizon Communications, Inc. | 43,347 | 1,404,876 | ||||||
3,103,208 | ||||||||
17,694,701 | ||||||||
Consumer, Cyclical — 9.4% | ||||||||
Apparel — 0.5% | ||||||||
Deckers Outdoor Corp. (a) | 1,236 | 635,415 | ||||||
Auto Manufacturers — 2.0% | ||||||||
Cummins, Inc. | 4,343 | 992,202 | ||||||
Tesla, Inc. (a) | 6,600 | 1,651,452 | ||||||
2,643,654 | ||||||||
Auto Parts & Equipment — 0.9% | ||||||||
Aptiv PLC (a) | 11,654 | 1,148,968 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Distribution & Wholesale — 0.6% | ||||||||
LKQ Corp. | 15,532 | $ | 768,989 | |||||
Retail — 5.4% | ||||||||
CarMax, Inc. (a) | 4,659 | 329,531 | ||||||
Chipotle Mexican Grill, Inc. (a) | 166 | 304,084 | ||||||
Costco Wholesale Corp. | 1,570 | 886,987 | ||||||
Home Depot, Inc. | 7,256 | 2,192,473 | ||||||
Starbucks Corp. | 7,258 | 662,438 | ||||||
Target Corp. | 7,019 | 776,091 | ||||||
TJX Cos., Inc. | 16,247 | 1,444,033 | ||||||
Tractor Supply Co. | 2,364 | 480,010 | ||||||
7,075,647 | ||||||||
12,272,673 | ||||||||
Consumer, Non-cyclical — 19.4% | ||||||||
Beverages — 1.5% | ||||||||
PepsiCo, Inc. | 11,579 | 1,961,946 | ||||||
Biotechnology — 1.2% | ||||||||
Amgen, Inc. | 3,654 | 982,049 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 1,534 | 533,433 | ||||||
1,515,482 | ||||||||
Commercial Services — 0.7% | ||||||||
S&P Global, Inc. | 2,271 | 829,846 | ||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Colgate-Palmolive Co. | 6,899 | 490,588 | ||||||
Procter & Gamble Co. | 8,579 | 1,251,333 | ||||||
1,741,921 | ||||||||
Food — 2.3% | ||||||||
Kroger Co. | 18,065 | 808,409 | ||||||
Mondelez International, Inc. Class A | 15,232 | 1,057,101 | ||||||
Sysco Corp. | 17,971 | 1,186,984 | ||||||
3,052,494 | ||||||||
Health Care – Products — 2.5% | ||||||||
Danaher Corp. | 4,665 | 1,157,387 | ||||||
Intuitive Surgical, Inc. (a) | 2,448 | 715,526 | ||||||
ResMed, Inc. | 1,233 | 182,324 | ||||||
Thermo Fisher Scientific, Inc. | 2,379 | 1,204,178 | ||||||
3,259,415 | ||||||||
Health Care – Services — 2.5% | ||||||||
Humana, Inc. | 1,287 | 626,151 | ||||||
UnitedHealth Group, Inc. | 5,293 | 2,668,678 | ||||||
3,294,829 | ||||||||
Pharmaceuticals — 7.4% | ||||||||
AbbVie, Inc. | 10,916 | 1,627,139 | ||||||
Bristol-Myers Squibb Co. | 22,290 | 1,293,712 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Cigna Group | 6,462 | $ | 1,848,584 | |||||
CVS Health Corp. | 15,076 | 1,052,606 | ||||||
Eli Lilly & Co. | 1,381 | 741,776 | ||||||
Merck & Co., Inc. | 11,751 | 1,209,765 | ||||||
Novo Nordisk AS | 9,702 | 882,551 | ||||||
Zoetis, Inc. | 6,169 | 1,073,283 | ||||||
9,729,416 | ||||||||
25,385,349 | ||||||||
Energy — 4.6% | ||||||||
Oil & Gas — 3.1% | ||||||||
ConocoPhillips | 18,112 | 2,169,818 | ||||||
EOG Resources, Inc. | 14,553 | 1,844,738 | ||||||
4,014,556 | ||||||||
Oil & Gas Services — 1.5% | ||||||||
Schlumberger NV | 34,427 | 2,007,094 | ||||||
6,021,650 | ||||||||
Financial — 14.5% | ||||||||
Banks — 4.5% | ||||||||
Bank of America Corp. | 39,264 | 1,075,048 | ||||||
JP Morgan Chase & Co. | 14,021 | 2,033,325 | ||||||
Morgan Stanley | 24,240 | 1,979,681 | ||||||
Regions Financial Corp. | 45,145 | 776,494 | ||||||
5,864,548 | ||||||||
Diversified Financial Services — 5.3% | ||||||||
American Express Co. | 4,395 | 655,690 | ||||||
Ameriprise Financial, Inc. | 2,501 | 824,530 | ||||||
BlackRock, Inc. | 1,462 | 945,168 | ||||||
Intercontinental Exchange, Inc. | 5,875 | 646,368 | ||||||
Mastercard, Inc. Class A | 3,895 | 1,542,069 | ||||||
Visa, Inc. Class A | 10,170 | 2,339,202 | ||||||
6,953,027 | ||||||||
Insurance — 2.5% | ||||||||
Marsh & McLennan Cos., Inc. | 5,633 | 1,071,960 | ||||||
MetLife, Inc. | 5,244 | 329,900 | ||||||
Prudential Financial, Inc. | 8,843 | 839,112 | ||||||
Travelers Cos., Inc. | 6,293 | 1,027,710 | ||||||
3,268,682 | ||||||||
Real Estate Investment Trusts (REITS) — 2.2% | ||||||||
Equinix, Inc. | 1,006 | 730,618 | ||||||
Prologis, Inc. | 18,986 | 2,130,419 | ||||||
2,861,037 | ||||||||
18,947,294 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Industrial — 9.3% | ||||||||
Aerospace & Defense — 0.9% | ||||||||
Lockheed Martin Corp. | 2,823 | $ | 1,154,494 | |||||
Building Materials — 1.4% | ||||||||
Johnson Controls International PLC | 24,070 | 1,280,764 | ||||||
Masco Corp. | 11,455 | 612,270 | ||||||
1,893,034 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Generac Holdings, Inc. (a) | 1,447 | 157,665 | ||||||
Electronics — 2.3% | ||||||||
Agilent Technologies, Inc. | 8,992 | 1,005,485 | ||||||
Honeywell International, Inc. | 5,698 | 1,052,649 | ||||||
Keysight Technologies, Inc. (a) | 6,870 | 908,970 | ||||||
2,967,104 | ||||||||
Machinery – Diversified — 1.0% | ||||||||
Deere & Co. | 1,845 | 696,266 | ||||||
Xylem, Inc. | 6,437 | 585,960 | ||||||
1,282,226 | ||||||||
Miscellaneous - Manufacturing — 1.6% | ||||||||
Eaton Corp. PLC | 6,385 | 1,361,793 | ||||||
Parker-Hannifin Corp. | 2,014 | 784,493 | ||||||
2,146,286 | ||||||||
Packaging & Containers — 0.4% | ||||||||
Ball Corp. | 11,770 | 585,911 | ||||||
Transportation — 1.6% | ||||||||
Norfolk Southern Corp. | 3,090 | 608,514 | ||||||
Union Pacific Corp. | 2,001 | 407,464 | ||||||
United Parcel Service, Inc. Class B | 6,560 | 1,022,507 | ||||||
2,038,485 | ||||||||
12,225,205 | ||||||||
Technology — 25.1% | ||||||||
Computers — 7.0% | ||||||||
Accenture PLC Class A | 4,774 | 1,466,143 | ||||||
Apple, Inc. | 37,898 | 6,488,517 | ||||||
International Business Machines Corp. | 8,155 | 1,144,146 | ||||||
9,098,806 | ||||||||
Semiconductors — 6.9% | ||||||||
Advanced Micro Devices, Inc. (a) | 10,164 | 1,045,062 | ||||||
Analog Devices, Inc. | 5,350 | 936,732 | ||||||
Applied Materials, Inc. | 11,957 | 1,655,447 | ||||||
ASML Holding NV | 1,076 | 631,869 | ||||||
Globalfoundries, Inc. (a) | 5,074 | 295,256 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
NVIDIA Corp. | 10,291 | $ | 4,476,482 | |||||
9,040,848 | ||||||||
Software — 11.2% | ||||||||
Adobe, Inc. (a) | 812 | 414,039 | ||||||
Cadence Design Systems, Inc. (a) | 3,223 | 755,149 | ||||||
Electronic Arts, Inc. | 4,099 | 493,519 | ||||||
Microsoft Corp. | 34,593 | 10,922,740 | ||||||
Salesforce, Inc. (a) | 6,599 | 1,338,145 | ||||||
ServiceNow, Inc. (a) | 603 | 337,053 | ||||||
Workday, Inc. Class A (a) | 2,173 | 466,869 | ||||||
14,727,514 | ||||||||
32,867,168 | ||||||||
Utilities — 1.4% | ||||||||
Electric — 1.4% | ||||||||
NextEra Energy, Inc. | 32,687 | 1,872,638 | ||||||
TOTAL COMMON STOCK (Cost $107,299,421) | 130,261,013 | |||||||
TOTAL EQUITIES (Cost $107,299,421) | 130,261,013 | |||||||
MUTUAL FUNDS — 0.3% | ||||||||
Diversified Financial Services — 0.3% | ||||||||
SPDR S&P 500 ETF Trust | 995 | 425,343 | ||||||
TOTAL MUTUAL FUNDS (Cost $432,849) | 425,343 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $107,732,270) | 130,686,356 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||||
Repurchase Agreement — 0.3% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (b) | $ | 364,161 | 364,161 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $364,161) | 364,161 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $108,096,431) (c) | 131,050,517 | |||||||
Other Assets/(Liabilities) — (0.1)% | (122,361) | |||||||
NET ASSETS — 100.0% | $ | 130,928,156 |
Abbreviation Legend
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $364,210. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 2/28/26, and an aggregate market value, including accrued interest, of $371,491. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Bank of America N.A. | 12/22/23 | USD | 179,916 | EUR | 169,262 | $ | 284 | |||||||||
JP Morgan Chase Bank N.A. | 12/22/23 | USD | 179,948 | EUR | 169,262 | 317 | ||||||||||
Morgan Stanley & Co. LLC | 12/22/23 | USD | 179,984 | EUR | 169,262 | 353 | ||||||||||
$ | 954 |
Currency Legend
EUR | Euro |
USD | U.S. Dollar |
MML Total Return Bond Fund — Portfolio of Investments |
September 30, 2023 (Unaudited)
Principal Amount | Value | |||||||
BONDS & NOTES — 113.6% | ||||||||
BANK LOANS — 1.9% | ||||||||
Aerospace & Defense — 0.0% | ||||||||
TransDigm, Inc., 2023 Term Loan I, 3 mo. USD Term SOFR + 3.250% | ||||||||
8.640% VRN 8/24/28 | $ | 78,975 | $ | 78,963 | ||||
Airlines — 0.0% | ||||||||
United Airlines, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.182% VRN 4/21/28 | 17,713 | 17,717 | ||||||
Beverages — 0.1% | ||||||||
City Brewing Co. LLC, Closing Date Term Loan, 3 mo. USD Term SOFR + 3.500% | ||||||||
9.070% VRN 4/05/28 | 36,217 | 23,631 | ||||||
Naked Juice LLC | ||||||||
Term Loan, 3 mo. USD Term SOFR + 3.250% | ||||||||
8.740% VRN 1/24/29 | 140,311 | 132,961 | ||||||
2nd Lien Term Loan, 3 mo. USD Term SOFR + 6.000% | ||||||||
11.490% VRN 1/24/30 | 28,134 | 22,710 | ||||||
179,302 | ||||||||
Chemicals — 0.0% | ||||||||
Chemours Co., 2023 USD Term Loan B, 1 mo. USD Term SOFR + 2.500% | ||||||||
8.816% VRN 8/18/28 | 117,417 | 115,949 | ||||||
Commercial Services — 0.1% | ||||||||
Element Materials Technology Group US Holdings, Inc. | ||||||||
2022 USD Delayed Draw Term Loan, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.740% VRN 7/06/29 | 9,398 | 9,269 | ||||||
2022 USD Term Loan, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.740% VRN 7/06/29 | 20,363 | 20,083 | ||||||
Pre-Paid Legal Services, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.500% | ||||||||
8.931% VRN 12/15/28 | 43,580 | 43,090 | ||||||
Prime Security Services Borrower LLC | ||||||||
2023 Term Loan A2023 Term Loan A, | ||||||||
0.000% 3/14/28 (a) | 25,000 | 24,500 | ||||||
2021 Term Loan, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.192% VRN 9/23/26 | 46,470 | 46,386 | ||||||
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.664% VRN 3/04/28 | 111,978 | 96,546 | ||||||
Trans Union LLC, 2021 Term Loan B6, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.681% VRN 12/01/28 | 85,515 | 85,398 | ||||||
TruGreen Ltd. Partnership, 2020 Term Loan, 1 mo. USD Term SOFR + 4.000% | ||||||||
9.416% VRN 11/02/27 | 23,974 | 22,739 | ||||||
348,011 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Computers — 0.0% | ||||||||
Amentum Government Services Holdings LLC, Term Loan B, 1 mo. USD Term SOFR + 4.000% | ||||||||
9.431% VRN 1/29/27 | $ | 29,010 | $ | 28,732 | ||||
Peraton Corp., Term Loan B, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.166% VRN 2/01/28 | 95,873 | 95,574 | ||||||
124,306 | ||||||||
Cosmetics & Personal Care — 0.0% | ||||||||
Sunshine Luxembourg VII Sarl, 2021 Term Loan B3, 3 mo. USD Term SOFR + 3.750% | ||||||||
9.240% VRN 10/01/26 | 48,272 | 48,165 | ||||||
Distribution & Wholesale — 0.0% | ||||||||
Patriot Container Corp., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.166% VRN 3/20/25 | 7,281 | 6,900 | ||||||
Diversified Financial Services — 0.1% | ||||||||
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 3 mo. USD Term SOFR + 3.750% | ||||||||
9.140% VRN 4/09/27 | 58,409 | 56,889 | ||||||
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, 3 mo. USD Term SOFR + 2.000% | ||||||||
7.652% VRN 11/05/28 | 175,000 | 174,809 | ||||||
231,698 | ||||||||
Electronics — 0.0% | ||||||||
II-VI, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.181% VRN 7/02/29 | 85,009 | 84,638 | ||||||
Entertainment — 0.1% | ||||||||
Churchill Downs, Inc., 2021 Incremental Term Loan B1, 1 mo. USD Term SOFR + 2.000% | ||||||||
7.416% VRN 3/17/28 | 49,745 | 49,652 | ||||||
Delta 2 (LUX) Sarl, 2022 Term Loan B, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.316% VRN 1/15/30 | 5,655 | 5,650 | ||||||
PENN Entertainment, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.166% VRN 5/03/29 | 22,235 | 22,187 | ||||||
Scientific Games International, Inc., 2022 USD Term Loan, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.434% VRN 4/14/29 | 45,028 | 44,972 | ||||||
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.181% VRN 5/18/25 | 119,616 | 119,300 | ||||||
241,761 | ||||||||
Environmental Controls — 0.0% | ||||||||
Filtration Group Corp., 2023 USD Term Loan, 1 mo. USD Term SOFR + 4.250% | ||||||||
9.681% VRN 10/21/28 | 21,663 | 21,672 | ||||||
Food — 0.0% | ||||||||
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.181% VRN 10/01/25 | 7,281 | 6,989 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Froneri International Ltd., 2020 USD Term Loan, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.666% VRN 1/29/27 | $ | 20,312 | $ | 20,143 | ||||
H Food Holdings LLC, 2018 Term Loan B, 3 mo. USD LIBOR + 3.688% | ||||||||
9.269% VRN 5/23/25 | 12,454 | 10,821 | ||||||
Hostess Brands LLC, 2023 Term Loan B, 3 mo. USD Term SOFR + 2.500% | ||||||||
7.890% VRN 6/28/30 | 69,371 | 69,443 | ||||||
107,396 | ||||||||
Health Care – Products — 0.1% | ||||||||
Avantor Funding, Inc., 2021 Term Loan B5, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.666% VRN 11/08/27 | 62,530 | 62,445 | ||||||
Bausch & Lomb Corp. | ||||||||
2023 Incremental Term Loan, | ||||||||
0.000% 9/14/28 (a) | 28,195 | 27,808 | ||||||
Term Loan, 3 mo. USD Term SOFR + 3.250% | ||||||||
8.755% VRN 5/10/27 | 42,629 | 41,374 | ||||||
Medline Borrower LP, USD Term Loan B, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.681% VRN 10/23/28 | 171,440 | 170,874 | ||||||
302,501 | ||||||||
Health Care – Services — 0.0% | ||||||||
ICON Luxembourg Sarl, LUX Term Loan, 3 mo. USD Term SOFR + 2.250% | ||||||||
7.902% VRN 7/03/28 | 39,569 | 39,537 | ||||||
IQVIA, Inc., 2018 USD Term Loan B3, 3 mo. USD Term SOFR + 1.750% | ||||||||
7.402% VRN 6/11/25 | 49,883 | 49,990 | ||||||
Star Parent, Inc. ., 2023 Term Loan B, | ||||||||
0.000% 9/19/30 (a) | 23,986 | 23,423 | ||||||
112,950 | ||||||||
Home Furnishing — 0.0% | ||||||||
AI Aqua Merger Sub, Inc., 2021 1st Lien Term Loan B, 3 mo. USD Term SOFR + 3.750% | ||||||||
9.084% VRN 7/31/28 | 41,346 | 40,887 | ||||||
Insurance — 0.1% | ||||||||
Acrisure LLC, 2020 Term Loan B, 1 mo. USD LIBOR + 3.500% | ||||||||
8.931% VRN 2/15/27 | 98,219 | 96,710 | ||||||
AmWINS Group, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.681% VRN 2/19/28 | 173,307 | 172,106 | ||||||
Asurion LLC, 2020 Term Loan B8, 3 mo. USD Term SOFR + 3.250% | ||||||||
8.681% VRN 12/23/26 | 56,998 | 55,716 | ||||||
324,532 | ||||||||
Internet — 0.1% | ||||||||
Arches Buyer, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.666% VRN 12/06/27 | 24,917 | 24,357 | ||||||
Gen Digital, Inc., 2021 Term Loan A, 1 mo. USD Term SOFR + 1.500% | ||||||||
6.916% VRN 9/10/27 | 109,841 | 108,812 | ||||||
MH Sub I LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 4.250% | ||||||||
9.566% VRN 5/03/28 | 31,398 | 30,333 | ||||||
Proofpoint, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.681% VRN 8/31/28 | 4,937 | 4,891 | ||||||
168,393 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Investment Companies — 0.0% | ||||||||
Mativ Holdings, Inc., Delayed Draw Term Loan A, | ||||||||
0.000% 5/06/27 (a) | $ | 40,629 | $ | 39,410 | ||||
Lodging — 0.0% | ||||||||
Fertitta Entertainment LLC, 2022 Term Loan B, 1 mo. USD Term SOFR + 4.000% | ||||||||
9.316% VRN 1/27/29 | 73,503 | 72,676 | ||||||
Hilton Domestic Operating Co., Inc., 2019 Term Loan B2, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.170% VRN 6/22/26 | 12,879 | 12,866 | ||||||
85,542 | ||||||||
Machinery – Diversified — 0.0% | ||||||||
ASP Blade Holdings, Inc., Initial Term Loan, 1 mo. USD Term SOFR + 4.000% | ||||||||
9.652% VRN 10/13/28 | 39,715 | 34,937 | ||||||
Media — 0.1% | ||||||||
CSC Holdings LLC, 2019 Term Loan B5, 1 mo. USD Term SOFR + 2.500% | ||||||||
7.947% VRN 4/15/27 | 47,300 | 42,727 | ||||||
DirecTV Financing LLC, Term Loan, 1 mo. USD Term SOFR + 5.000% | ||||||||
10.431% VRN 8/02/27 | 139,400 | 136,070 | ||||||
Virgin Media Bristol LLC, 2023 USD Term Loan Y, 3 mo. USD Term SOFR + 3.250% | ||||||||
8.311% VRN 3/31/31 | 150,000 | 146,143 | ||||||
324,940 | ||||||||
Packaging & Containers — 0.1% | ||||||||
Berry Global, Inc., 2021 Term Loan Z, 3 mo. USD Term SOFR + 1.750% | ||||||||
7.293% VRN 7/01/26 | 135,651 | 135,577 | ||||||
Pharmaceuticals — 0.4% | ||||||||
Elanco Animal Health, Inc., Term Loan B, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.180% VRN 8/01/27 | 167,591 | 164,215 | ||||||
Gainwell Acquisition Corp., Term Loan B, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.490% VRN 10/01/27 | 98,232 | 95,684 | ||||||
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, 1 mo. USD Term SOFR + 2.000% | ||||||||
7.416% VRN 11/15/27 | 241,990 | 237,695 | ||||||
Horizon Therapeutics USA, Inc., 2021 Term Loan B2, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.184% VRN 3/15/28 | 226,197 | 225,876 | ||||||
Jazz Financing Lux Sarl, USD Term Loan, 1 mo. USD Term SOFR + 3.500% | ||||||||
8.931% VRN 5/05/28 | 138,905 | 138,770 | ||||||
Organon & Co., USD Term Loan, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.442% VRN 6/02/28 | 252,592 | 251,834 | ||||||
PRA Health Sciences, Inc., US Term Loan, 3 mo. USD Term SOFR + 2.250% | ||||||||
7.902% VRN 7/03/28 | 9,859 | 9,851 | ||||||
1,123,925 | ||||||||
Private Equity — 0.0% | ||||||||
GTCR W Merger Sub LLC, USD Term Loan B, | ||||||||
0.000% 9/20/30 (a) | 68,265 | 68,215 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Retail — 0.2% | ||||||||
1011778 BC Unlimited Liability Co., 2023 Term Loan B5, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.566% VRN 9/23/30 | $ | 43,372 | $ | 43,183 | ||||
KFC Holding Co., 2021 Term Loan B, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.195% VRN 3/15/28 | 39,116 | 39,053 | ||||||
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.902% VRN 4/15/28 | 234,600 | 213,592 | ||||||
Whatabrands LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.431% VRN 8/03/28 | 221,063 | 219,981 | ||||||
515,809 | ||||||||
Semiconductors — 0.0% | ||||||||
Entegris, Inc., 2023 Term Loan B, 1 mo. USD Term SOFR + 2.500%, 3 mo. USD Term SOFR + 2.500% | ||||||||
7.816% - 7.890% 7/06/29 | 8,104 | 8,101 | ||||||
Software — 0.3% | ||||||||
Athenahealth Group, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.568% VRN 2/15/29 | 236,254 | 231,456 | ||||||
CDK Global, Inc., 2022 USD Term Loan B, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.640% VRN 7/06/29 | 48,018 | 47,992 | ||||||
EagleView Technology Corp., 2018 Add On Term Loan B, | ||||||||
0.000% 8/14/25 (a) | 5,242 | 4,941 | ||||||
Open Text Corp. | ||||||||
Term Loan B, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.166% VRN 5/30/25 | 26,077 | 26,075 | ||||||
2023 Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.166% VRN 1/31/30 | 54,049 | 54,025 | ||||||
Oracle Corp., Term Loan A1, 1 mo. USD Term SOFR + 1.600% | ||||||||
6.925% VRN 8/16/27 | 195,574 | 194,352 | ||||||
RealPage, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.431% VRN 4/24/28 | 14,317 | 14,138 | ||||||
Renaissance Holding Corp., 2023 Refi Term Loan, 3 mo. USD Term SOFR + 4.750% | ||||||||
10.066% VRN 4/05/30 | 40,534 | 40,165 | ||||||
Sophia, LP, 2021 Term Loan B, 1 mo. USD Term SOFR + 3.500% | ||||||||
8.916% VRN 10/07/27 | 21,276 | 21,209 | ||||||
SS&C Technologies, Inc., 2018 Term Loan B5, | ||||||||
0.000% 4/16/25 (a) | 122,069 | 121,998 | ||||||
756,351 | ||||||||
Telecommunications — 0.1% | ||||||||
Frontier Communications Corp., 2021 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.181% VRN 10/08/27 | 22,782 | 22,082 | ||||||
SBA Senior Finance II LLC, 2018 Term Loan B, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.170% VRN 4/11/25 | 69,783 | 69,711 | ||||||
Zayo Group Holdings, Inc., 2022 USD Incremental Term Loan B, 1 mo. USD Term SOFR + 4.325% | ||||||||
9.641% VRN 3/09/27 | 112,263 | 90,961 | ||||||
182,754 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Transportation — 0.0% | ||||||||
Genesee & Wyoming, Inc., Term Loan, 3 mo. USD Term SOFR + 2.000% | ||||||||
7.490% VRN 12/30/26 | $ | 41,567 | $ | 41,476 | ||||
TOTAL BANK LOANS (Cost $5,909,008) | 5,872,778 | |||||||
CORPORATE DEBT — 26.0% | ||||||||
Aerospace & Defense — 0.0% | ||||||||
TransDigm, Inc. | ||||||||
6.750% 8/15/28 (b) | 100,000 | 98,449 | ||||||
Agriculture — 0.8% | ||||||||
BAT Capital Corp. | ||||||||
4.390% 8/15/37 | 400,000 | 306,083 | ||||||
4.540% 8/15/47 | 1,050,000 | 722,759 | ||||||
4.758% 9/06/49 | 34,000 | 23,912 | ||||||
5.650% 3/16/52 | 185,000 | 148,110 | ||||||
Imperial Brands Finance PLC | ||||||||
3.125% 7/26/24 (b) | 320,000 | 311,843 | ||||||
3.500% 7/26/26 (b) | 225,000 | 210,560 | ||||||
4.250% 7/21/25 (b) | 415,000 | 399,748 | ||||||
Reynolds American, Inc. | ||||||||
5.850% 8/15/45 | 315,000 | 260,924 | ||||||
2,383,939 | ||||||||
Airlines — 0.2% | ||||||||
United Airlines Pass-Through Trust | ||||||||
5.800% 7/15/37 | 665,000 | 646,440 | ||||||
Banks — 10.1% | ||||||||
Bank of America Corp. | ||||||||
Secured Overnight Financing Rate + 0.910% 1.658% VRN 3/11/27 | 755,000 | 677,381 | ||||||
Secured Overnight Financing Rate + 0.960% 1.734% VRN 7/22/27 | 160,000 | 141,785 | ||||||
Secured Overnight Financing Rate + 1.370% 1.922% VRN 10/24/31 | 110,000 | 82,988 | ||||||
Secured Overnight Financing Rate + 1.060% 2.087% VRN 6/14/29 | 1,000,000 | 837,134 | ||||||
Secured Overnight Financing Rate + 1.220% 2.299% VRN 7/21/32 | 375,000 | 284,149 | ||||||
Secured Overnight Financing Rate + 1.050% 2.551% VRN 2/04/28 | 635,000 | 566,213 | ||||||
Secured Overnight Financing Rate + 1.210% 2.572% VRN 10/20/32 | 435,000 | 334,251 | ||||||
Secured Overnight Financing Rate + 2.150% 2.592% VRN 4/29/31 | 140,000 | 112,503 | ||||||
3 mo. USD Term SOFR + 1.302% 3.419% VRN 12/20/28 | 470,000 | 421,613 | ||||||
3 mo. USD Term SOFR + 1.837% 3.824% VRN 1/20/28 | 415,000 | 385,386 | ||||||
3 mo. USD Term SOFR + 1.332% 3.970% VRN 3/05/29 | 485,000 | 444,272 | ||||||
Citigroup, Inc. | ||||||||
Secured Overnight Financing Rate + 0.669% 0.981% VRN 5/01/25 | 85,000 | 82,264 | ||||||
Secured Overnight Financing Rate + 0.770% 1.462% VRN 6/09/27 | 540,000 | 477,324 | ||||||
Secured Overnight Financing Rate + 1.167% 2.561% VRN 5/01/32 | 580,000 | 448,976 | ||||||
Secured Overnight Financing Rate + 2.107% 2.572% VRN 6/03/31 | 255,000 | 203,339 | ||||||
Secured Overnight Financing Rate + 1.422% 2.976% VRN 11/05/30 | 150,000 | 125,589 | ||||||
Secured Overnight Financing Rate + 1.351% 3.057% VRN 1/25/33 | 640,000 | 505,944 | ||||||
3 mo. USD Term SOFR + 1.454% 4.075% VRN 4/23/29 | 525,000 | 483,179 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Secured Overnight Financing Rate + 0.486% 0.925% VRN 10/21/24 | 530,000 | 525,814 | ||||||
1.217% 12/06/23 | 860,000 | 852,873 | ||||||
Secured Overnight Financing Rate + 0.798% 1.431% VRN 3/09/27 | 500,000 | 445,145 | ||||||
Secured Overnight Financing Rate + 0.818% 1.542% VRN 9/10/27 | 1,450,000 | 1,269,612 | ||||||
Secured Overnight Financing Rate + 1.090% 1.992% VRN 1/27/32 | 140,000 | 104,947 | ||||||
Secured Overnight Financing Rate + 1.248% 2.383% VRN 7/21/32 | 285,000 | 217,053 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Secured Overnight Financing Rate + 1.264% 2.650% VRN 10/21/32 | $ | 40,000 | $ | 30,875 | ||||
HSBC Holdings PLC | ||||||||
Secured Overnight Financing Rate + 1.732% 2.013% VRN 9/22/28 | 1,555,000 | 1,319,843 | ||||||
Secured Overnight Financing Rate + 1.285% 2.206% VRN 8/17/29 | 610,000 | 502,781 | ||||||
Secured Overnight Financing Rate + 2.650% 6.332% VRN 3/09/44 | 360,000 | 345,671 | ||||||
JP Morgan Chase & Co. | ||||||||
3 mo. USD Term SOFR + 0.580% 0.969% VRN 6/23/25 | 1,060,000 | 1,017,264 | ||||||
Secured Overnight Financing Rate + 0.885% 1.578% VRN 4/22/27 | 660,000 | 589,005 | ||||||
Secured Overnight Financing Rate + 1.015% 2.069% VRN 6/01/29 | 1,500,000 | 1,263,911 | ||||||
Secured Overnight Financing Rate + 1.180% 2.545% VRN 11/08/32 | 115,000 | 88,998 | ||||||
3 mo. USD Term SOFR + 1.250% 2.580% VRN 4/22/32 | 510,000 | 402,301 | ||||||
3 mo. USD Term SOFR + 1.510% 2.739% VRN 10/15/30 | 230,000 | 192,341 | ||||||
Lloyds Banking Group PLC | ||||||||
1 yr. CMT + 0.850% 1.627% VRN 5/11/27 | 515,000 | 456,768 | ||||||
3 mo. USD LIBOR + 1.205% 3.574% VRN 11/07/28 | 720,000 | 643,126 | ||||||
1 yr. CMT + 3.500% 3.870% VRN 7/09/25 | 220,000 | 215,717 | ||||||
1 yr. CMT + 2.300% 4.976% VRN 8/11/33 | 225,000 | 199,671 | ||||||
Macquarie Group Ltd. | ||||||||
Secured Overnight Financing Rate + 1.532% 2.871% VRN 1/14/33 (b) | 780,000 | 589,522 | ||||||
Secured Overnight Financing Rate + 2.405% 4.442% VRN 6/21/33 (b) | 240,000 | 204,441 | ||||||
Morgan Stanley | ||||||||
Secured Overnight Financing Rate + 0.560% 1.164% VRN 10/21/25 | 1,300,000 | 1,227,160 | ||||||
Secured Overnight Financing Rate + 0.879% 1.593% VRN 5/04/27 | 340,000 | 302,627 | ||||||
Secured Overnight Financing Rate + 1.020% 1.928% VRN 4/28/32 | 295,000 | 219,126 | ||||||
Secured Overnight Financing Rate + 1.178% 2.239% VRN 7/21/32 | 145,000 | 109,284 | ||||||
Secured Overnight Financing Rate + 1.360% 2.484% VRN 9/16/36 | 495,000 | 359,562 | ||||||
NatWest Group PLC 3 mo. USD LIBOR + 1.762% | ||||||||
4.269% VRN 3/22/25 | 185,000 | 183,018 | ||||||
PNC Financial Services Group, Inc. | ||||||||
Secured Overnight Financing Rate + 1.933% 5.068% VRN 1/24/34 | 655,000 | 593,986 | ||||||
Secured Overnight Financing Rate + 1.841% 5.582% VRN 6/12/29 | 165,000 | 160,069 | ||||||
Secured Overnight Financing Rate Index + 2.140% 6.037% VRN 10/28/33 | 115,000 | 111,604 | ||||||
Santander UK Group Holdings PLC | ||||||||
Secured Overnight Financing Rate + 0.787% 1.089% VRN 3/15/25 | 540,000 | 525,415 | ||||||
1 yr. CMT + 1.250% 1.532% VRN 8/21/26 | 710,000 | 643,581 | ||||||
Secured Overnight Financing Rate + 0.989% 1.673% VRN 6/14/27 | 120,000 | 104,964 | ||||||
Secured Overnight Financing Rate + 1.220% 2.469% VRN 1/11/28 | 200,000 | 174,061 | ||||||
Santander UK PLC | ||||||||
5.000% 11/07/23 (b) | 435,000 | 433,917 | ||||||
UBS Group AG | ||||||||
Secured Overnight Financing Rate Index + 0.980% 1.305% VRN 2/02/27 (b) | 610,000 | 540,953 | ||||||
1 yr. CMT + 0.850% 1.494% VRN 8/10/27 (b) | 65,000 | 56,736 | ||||||
Secured Overnight Financing Rate + 1.560% 2.593% VRN 9/11/25 (b) | 55,000 | 52,936 | ||||||
Secured Overnight Financing Rate + 1.730% 3.091% VRN 5/14/32 (b) | 860,000 | 679,270 | ||||||
3 mo. USD LIBOR + 1.410% 3.869% VRN 1/12/29 (b) | 65,000 | 58,876 | ||||||
Secured Overnight Financing Rate + 3.340% 6.373% VRN 7/15/26 (b) | 180,000 | 179,322 | ||||||
Secured Overnight Financing Rate + 3.920% 6.537% VRN 8/12/33 (b) | 1,795,000 | 1,774,022 | ||||||
Secured Overnight Financing Rate + 5.020% 9.016% VRN 11/15/33 (b) | 810,000 | 935,400 | ||||||
US Bancorp | ||||||||
Secured Overnight Financing Rate + 1.600% 4.839% VRN 2/01/34 | 755,000 | 664,745 | ||||||
Secured Overnight Financing Rate + 2.260% 5.836% VRN 6/12/34 | 190,000 | 179,198 | ||||||
Secured Overnight Financing Rate + 2.090% 5.850% VRN 10/21/33 | 140,000 | 132,527 | ||||||
Wells Fargo & Co. | ||||||||
Secured Overnight Financing Rate + 2.100% 2.393% VRN 6/02/28 | 1,120,000 | 982,205 | ||||||
3 mo. USD Term SOFR + 1.432% 2.879% VRN 10/30/30 | 490,000 | 407,903 | ||||||
Secured Overnight Financing Rate + 1.500% 3.350% VRN 3/02/33 | 925,000 | 747,718 | ||||||
Secured Overnight Financing Rate + 1.510% 3.526% VRN 3/24/28 | 655,000 | 601,535 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Secured Overnight Financing Rate + 2.100% 4.897% VRN 7/25/33 | $ | 400,000 | $ | 362,000 | ||||
3 mo. USD Term SOFR + 4.502% 5.013% VRN 4/04/51 | 150,000 | 126,035 | ||||||
31,721,724 | ||||||||
Beverages — 0.2% | ||||||||
Bacardi Ltd. | ||||||||
4.450% 5/15/25 (b) | 485,000 | 470,628 | ||||||
Triton Water Holdings, Inc. | ||||||||
6.250% 4/01/29 (b) (c) | 178,000 | 145,515 | ||||||
616,143 | ||||||||
Biotechnology — 0.2% | ||||||||
Amgen, Inc. | ||||||||
4.200% 2/22/52 | 145,000 | 108,599 | ||||||
5.250% 3/02/33 | 315,000 | 301,127 | ||||||
5.600% 3/02/43 | 170,000 | 158,046 | ||||||
5.750% 3/02/63 | 32,000 | 29,519 | ||||||
597,291 | ||||||||
Chemicals — 0.3% | ||||||||
International Flavors & Fragrances, Inc. | ||||||||
2.300% 11/01/30 (b) | 570,000 | 428,790 | ||||||
3.268% 11/15/40 (b) | 30,000 | 18,783 | ||||||
3.468% 12/01/50 (b) | 65,000 | 37,807 | ||||||
4.375% 6/01/47 | 65,000 | 43,652 | ||||||
5.000% 9/26/48 | 385,000 | 286,904 | ||||||
SK Invictus Intermediate II Sarl | ||||||||
5.000% 10/30/29 (b) (c) | 32,000 | 25,646 | ||||||
Valvoline, Inc. | ||||||||
3.625% 6/15/31 (b) | 200,000 | 154,951 | ||||||
996,533 | ||||||||
Commercial Services — 0.2% | ||||||||
Adtalem Global Education, Inc. | ||||||||
5.500% 3/01/28 (b) | 37,000 | 33,887 | ||||||
Global Payments, Inc. | ||||||||
4.875% 3/17/31 EUR (d) | 100,000 | 102,922 | ||||||
5.400% 8/15/32 | 225,000 | 210,904 | ||||||
5.950% 8/15/52 | 126,000 | 112,968 | ||||||
Upbound Group, Inc. | ||||||||
6.375% 2/15/29 (b) (c) | 35,000 | 31,063 | ||||||
WASH Multifamily Acquisition, Inc. | ||||||||
5.750% 4/15/26 (b) | 35,000 | 32,681 | ||||||
524,425 | ||||||||
Computers — 0.1% | ||||||||
NCR Corp. | ||||||||
5.250% 10/01/30 (b) | 235,000 | 202,519 | ||||||
Diversified Financial Services — 1.1% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||||||||
3.300% 1/30/32 | 615,000 | 488,871 | ||||||
3.500% 1/15/25 | 1,000,000 | 964,655 | ||||||
Air Lease Corp. | ||||||||
5.850% 12/15/27 | 355,000 | 350,194 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
American Express Co. | ||||||||
2.550% 3/04/27 | $ | 310,000 | $ | 279,502 | ||||
Avolon Holdings Funding Ltd. | ||||||||
2.528% 11/18/27 (b) | 389,000 | 328,375 | ||||||
2.875% 2/15/25 (b) | 335,000 | 316,273 | ||||||
3.950% 7/01/24 (b) | 130,000 | 127,243 | ||||||
Capital One Financial Corp. Secured Overnight Financing Rate + 1.790% | ||||||||
3.273% VRN 3/01/30 | 535,000 | 447,527 | ||||||
Park Aerospace Holdings Ltd. | ||||||||
5.500% 2/15/24 (b) | 82,000 | 81,591 | ||||||
3,384,231 | ||||||||
Electric — 1.5% | ||||||||
Arizona Public Service Co. | ||||||||
6.350% 12/15/32 | 675,000 | 689,907 | ||||||
Duke Energy Carolinas LLC | ||||||||
4.000% 9/30/42 | 1,000,000 | 766,569 | ||||||
Florida Power & Light Co. | ||||||||
3.990% 3/01/49 | 495,000 | 371,899 | ||||||
Jersey Central Power & Light Co. | ||||||||
4.700% 4/01/24 (b) | 800,000 | 792,620 | ||||||
6.400% 5/15/36 | 425,000 | 413,582 | ||||||
MidAmerican Energy Co. | ||||||||
4.800% 9/15/43 | 1,400,000 | 1,194,190 | ||||||
Southwestern Electric Power Co. | ||||||||
3.250% 11/01/51 | 170,000 | 102,100 | ||||||
TenneT Holding BV | ||||||||
2.750% 5/17/42 EUR (b) (d) | 190,000 | 168,832 | ||||||
4.500% 10/28/34 EUR (b) (d) | 245,000 | 272,422 | ||||||
4.750% 10/28/42 EUR (b) (d) | 100,000 | 111,198 | ||||||
4,883,319 | ||||||||
Engineering & Construction — 0.1% | ||||||||
Artera Services LLC | ||||||||
9.033% 12/04/25 (b) | 95,000 | 87,638 | ||||||
Cellnex Finance Co. SA | ||||||||
2.000% 9/15/32 EUR (b) (d) | 100,000 | 82,418 | ||||||
170,056 | ||||||||
Entertainment — 0.5% | ||||||||
Warnermedia Holdings, Inc. | ||||||||
4.279% 3/15/32 | 190,000 | 161,276 | ||||||
5.050% 3/15/42 | 905,000 | 699,916 | ||||||
5.141% 3/15/52 | 910,000 | 676,167 | ||||||
1,537,359 | ||||||||
Environmental Controls — 0.1% | ||||||||
Waste Pro USA, Inc. | ||||||||
5.500% 2/15/26 (b) | 175,000 | 163,411 | ||||||
Food — 0.8% | ||||||||
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl | ||||||||
6.750% 3/15/34 (b) | 640,000 | 622,714 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||||||||
4.375% 2/02/52 | 135,000 | 89,718 | ||||||
5.750% 4/01/33 | 320,000 | 292,660 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
6.500% 12/01/52 | $ | 415,000 | $ | 371,548 | ||||
Pilgrim's Pride Corp. | ||||||||
3.500% 3/01/32 | 403,000 | 311,641 | ||||||
5.875% 9/30/27 (b) | 30,000 | 30,436 | ||||||
6.250% 7/01/33 | 45,000 | 42,290 | ||||||
Post Holdings, Inc. | ||||||||
5.750% 3/01/27 (b) | 150,000 | 144,072 | ||||||
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed | ||||||||
4.625% 3/01/29 (b) | 150,000 | 123,049 | ||||||
Smithfield Foods, Inc. | ||||||||
2.625% 9/13/31 (b) | 635,000 | 455,300 | ||||||
2,483,428 | ||||||||
Gas — 0.3% | ||||||||
KeySpan Gas East Corp. | ||||||||
5.994% 3/06/33 (b) | 630,000 | 607,970 | ||||||
National Gas Transmission PLC | ||||||||
4.250% 4/05/30 EUR (b) (d) | 100,000 | 103,968 | ||||||
Piedmont Natural Gas Co., Inc. | ||||||||
5.400% 6/15/33 | 155,000 | 147,777 | ||||||
859,715 | ||||||||
Health Care – Products — 0.2% | ||||||||
Medtronic Global Holdings SCA | ||||||||
3.375% 10/15/34 EUR (d) | 100,000 | 97,927 | ||||||
Revvity, Inc. | ||||||||
2.250% 9/15/31 | 800,000 | 608,022 | ||||||
705,949 | ||||||||
Health Care – Services — 1.3% | ||||||||
Centene Corp. | ||||||||
2.450% 7/15/28 | 488,000 | 412,284 | ||||||
3.000% 10/15/30 | 453,000 | 365,394 | ||||||
4.250% 12/15/27 | 230,000 | 212,039 | ||||||
CommonSpirit Health | ||||||||
2.782% 10/01/30 | 290,000 | 238,702 | ||||||
Fortrea Holdings, Inc. | ||||||||
7.500% 7/01/30 (b) | 50,000 | 48,651 | ||||||
Fresenius Medical Care US Finance III, Inc. | ||||||||
1.875% 12/01/26 (b) | 340,000 | 296,514 | ||||||
HCA, Inc. | ||||||||
2.375% 7/15/31 | 90,000 | 68,885 | ||||||
3.500% 7/15/51 | 182,000 | 113,657 | ||||||
5.000% 3/15/24 | 287,000 | 285,517 | ||||||
5.250% 6/15/49 | 775,000 | 636,653 | ||||||
5.500% 6/15/47 | 310,000 | 264,604 | ||||||
Kedrion SpA | ||||||||
6.500% 9/01/29 (b) | 250,000 | 214,375 | ||||||
ModivCare Escrow Issuer, Inc. | ||||||||
5.000% 10/01/29 (b) (c) | 300,000 | 215,250 | ||||||
ModivCare, Inc. | ||||||||
5.875% 11/15/25 (b) | 75,000 | 71,292 | ||||||
Molina Healthcare, Inc. | ||||||||
4.375% 6/15/28 (b) | 300,000 | 268,814 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Universal Health Services, Inc. | ||||||||
1.650% 9/01/26 | $ | 385,000 | $ | 339,363 | ||||
4,051,994 | ||||||||
Household Products & Wares — 0.0% | ||||||||
Central Garden & Pet Co. | ||||||||
5.125% 2/01/28 | 123,000 | 114,710 | ||||||
Insurance — 1.0% | ||||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | ||||||||
6.750% 10/15/27 (b) (c) | 35,000 | 32,550 | ||||||
Aon Corp./Aon Global Holdings PLC | ||||||||
3.900% 2/28/52 | 190,000 | 135,790 | ||||||
Arthur J Gallagher & Co. | ||||||||
5.750% 3/02/53 | 310,000 | 283,958 | ||||||
Athene Global Funding | ||||||||
1.985% 8/19/28 (b) | 555,000 | 452,575 | ||||||
3.205% 3/08/27 (b) | 135,000 | 120,935 | ||||||
Secured Overnight Financing Rate Index + 0.700% 6.043% FRN 5/24/24 (b) | 505,000 | 502,923 | ||||||
Farmers Exchange Capital III 3 mo. USD LIBOR + 3.454% | ||||||||
5.454% VRN 10/15/54 (b) | 970,000 | 825,640 | ||||||
Metropolitan Life Global Funding I | ||||||||
5.150% 3/28/33 (b) | 210,000 | 198,860 | ||||||
Teachers Insurance & Annuity Association of America | ||||||||
3.300% 5/15/50 (b) | 225,000 | 142,241 | ||||||
4.270% 5/15/47 (b) | 130,000 | 99,067 | ||||||
Willis North America, Inc. | ||||||||
2.950% 9/15/29 | 290,000 | 247,164 | ||||||
3,041,703 | ||||||||
Internet — 0.1% | ||||||||
Netflix, Inc. | ||||||||
4.625% 5/15/29 EUR (d) | 150,000 | 159,904 | ||||||
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. | ||||||||
4.750% 4/30/27 (b) | 33,000 | 29,370 | ||||||
Tencent Holdings Ltd. | ||||||||
3.680% 4/22/41 (b) | 335,000 | 231,459 | ||||||
420,733 | ||||||||
Machinery – Diversified — 0.0% | ||||||||
OT Merger Corp. | ||||||||
7.875% 10/15/29 (b) | 90,000 | 55,073 | ||||||
Media — 0.9% | ||||||||
Cable One, Inc. | ||||||||
4.000% 11/15/30 (b) (c) | 75,000 | 57,135 | ||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
3.750% 2/15/28 | 92,000 | 82,957 | ||||||
4.800% 3/01/50 | 330,000 | 230,758 | ||||||
4.908% 7/23/25 | 205,000 | 200,316 | ||||||
5.250% 4/01/53 (c) | 265,000 | 198,088 | ||||||
5.375% 5/01/47 | 95,000 | 72,392 | ||||||
5.750% 4/01/48 | 280,000 | 223,569 | ||||||
Cox Communications, Inc. | ||||||||
2.600% 6/15/31 (b) | 385,000 | 299,915 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
CSC Holdings LLC | ||||||||
5.750% 1/15/30 (b) | $ | 100,000 | $ | 56,030 | ||||
6.500% 2/01/29 (b) | 553,000 | 458,125 | ||||||
7.500% 4/01/28 (b) (c) | 32,000 | 20,778 | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co. | ||||||||
5.375% 8/15/26 (b) | 422,000 | 8,440 | ||||||
Time Warner Cable LLC | ||||||||
5.500% 9/01/41 | 535,000 | 418,495 | ||||||
5.875% 11/15/40 | 170,000 | 140,854 | ||||||
VZ Secured Financing BV | ||||||||
5.000% 1/15/32 (b) | 420,000 | 329,933 | ||||||
2,797,785 | ||||||||
Oil & Gas — 0.3% | ||||||||
KazMunayGas National Co. JSC | ||||||||
4.750% 4/19/27 (b) | 200,000 | 187,095 | ||||||
Pertamina Persero PT | ||||||||
3.100% 8/27/30 (b) | 200,000 | 166,600 | ||||||
Petroleos Mexicanos | ||||||||
5.950% 1/28/31 | 50,000 | 35,787 | ||||||
6.625% 6/15/35 | 900,000 | 602,821 | ||||||
7.690% 1/23/50 | 115,000 | 73,873 | ||||||
Shell International Finance BV | ||||||||
3.750% 9/12/46 | 25,000 | 18,454 | ||||||
1,084,630 | ||||||||
Oil & Gas Services — 0.0% | ||||||||
Archrock Partners LP/Archrock Partners Finance Corp. | ||||||||
6.250% 4/01/28 (b) | 35,000 | 32,586 | ||||||
Packaging & Containers — 0.6% | ||||||||
Amcor Finance USA, Inc. | ||||||||
3.625% 4/28/26 | 650,000 | 613,719 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | ||||||||
5.250% 8/15/27 (b) | 190,000 | 158,554 | ||||||
5.250% 8/15/27 (b) (c) | 100,000 | 83,450 | ||||||
Berry Global, Inc. | ||||||||
1.570% 1/15/26 | 394,000 | 356,150 | ||||||
1.650% 1/15/27 | 12,000 | 10,314 | ||||||
4.875% 7/15/26 (b) | 330,000 | 315,866 | ||||||
Trivium Packaging Finance BV | ||||||||
5.500% 8/15/26 (b) | 320,000 | 298,379 | ||||||
1,836,432 | ||||||||
Pharmaceuticals — 0.7% | ||||||||
1375209 BC Ltd. | ||||||||
9.000% 1/30/28 (b) (c) | 30,000 | 29,654 | ||||||
Bayer US Finance II LLC | ||||||||
4.375% 12/15/28 (b) | 893,000 | 830,066 | ||||||
4.625% 6/25/38 (b) | 795,000 | 652,563 | ||||||
4.875% 6/25/48 (b) | 210,000 | 167,473 | ||||||
Cigna Group | ||||||||
3.400% 3/15/51 | 250,000 | 163,645 | ||||||
CVS Health Corp. | ||||||||
5.050% 3/25/48 | 195,000 | 162,015 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Grifols SA | ||||||||
4.750% 10/15/28 (b) (c) | $ | 101,000 | $ | 86,114 | ||||
2,091,530 | ||||||||
Pipelines — 0.7% | ||||||||
Energy Transfer LP | ||||||||
4.950% 6/15/28 | 125,000 | 119,627 | ||||||
5.000% 5/15/50 | 305,000 | 239,256 | ||||||
5.150% 3/15/45 | 400,000 | 322,286 | ||||||
5.350% 5/15/45 | 50,000 | 41,000 | ||||||
5.400% 10/01/47 | 394,000 | 324,951 | ||||||
Galaxy Pipeline Assets Bidco Ltd. | ||||||||
2.160% 3/31/34 (b) | 177,420 | 147,811 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. | ||||||||
3.800% 9/15/30 | 300,000 | 257,684 | ||||||
Rockies Express Pipeline LLC | ||||||||
4.800% 5/15/30 (b) | 250,000 | 215,713 | ||||||
4.950% 7/15/29 (b) | 200,000 | 178,139 | ||||||
TransCanada PipeLines Ltd. | ||||||||
4.625% 3/01/34 | 35,000 | 30,488 | ||||||
TransMontaigne Partners LP/TLP Finance Corp. | ||||||||
6.125% 2/15/26 | 181,000 | 154,529 | ||||||
Venture Global Calcasieu Pass LLC | ||||||||
3.875% 8/15/29 (b) | 365,000 | 307,140 | ||||||
2,338,624 | ||||||||
Real Estate — 0.2% | ||||||||
Annington Funding PLC | ||||||||
3.184% 7/12/29 GBP (b) (d) | 200,000 | 202,795 | ||||||
3.685% 7/12/34 GBP (b) (d) | 100,000 | 93,131 | ||||||
Blackstone Property Partners Europe Holdings Sarl | ||||||||
1.625% 4/20/30 EUR (b) (d) | 200,000 | 156,636 | ||||||
1.750% 3/12/29 EUR (b) (d) | 200,000 | 165,590 | ||||||
Vonovia Finance BV | ||||||||
2.250% 4/07/30 EUR (b) (d) | 100,000 | 89,000 | ||||||
Vonovia SE | ||||||||
1.500% 6/14/41 EUR (b) (d) | 100,000 | 57,614 | ||||||
764,766 | ||||||||
Real Estate Investment Trusts (REITS) — 2.0% | ||||||||
American Homes 4 Rent LP | ||||||||
3.375% 7/15/51 | 205,000 | 123,036 | ||||||
4.300% 4/15/52 | 160,000 | 115,726 | ||||||
American Tower Corp. | ||||||||
1.000% 1/15/32 EUR (d) | 100,000 | 79,004 | ||||||
2.700% 4/15/31 | 80,000 | 63,445 | ||||||
5.550% 7/15/33 | 345,000 | 328,738 | ||||||
5.650% 3/15/33 | 475,000 | 456,602 | ||||||
CapitaLand Ascendas REIT | ||||||||
0.750% 6/23/28 EUR (b) (d) | 185,000 | 157,951 | ||||||
CubeSmart LP | ||||||||
2.500% 2/15/32 | 360,000 | 273,870 | ||||||
Digital Intrepid Holding BV | ||||||||
0.625% 7/15/31 EUR (b) (d) | 425,000 | 320,360 | ||||||
Extra Space Storage LP | ||||||||
2.350% 3/15/32 | 275,000 | 207,872 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
2.400% 10/15/31 | $ | 76,000 | $ | 58,183 | ||||
2.550% 6/01/31 | 130,000 | 101,204 | ||||||
GLP Capital LP/GLP Financing II, Inc. | ||||||||
3.250% 1/15/32 | 317,000 | 246,020 | ||||||
4.000% 1/15/30 | 37,000 | 31,378 | ||||||
4.000% 1/15/31 | 75,000 | 62,439 | ||||||
5.375% 4/15/26 | 540,000 | 523,575 | ||||||
Healthcare Realty Holdings LP | ||||||||
2.000% 3/15/31 | 200,000 | 149,893 | ||||||
2.050% 3/15/31 | 67,000 | 48,411 | ||||||
2.400% 3/15/30 | 195,000 | 150,539 | ||||||
3.100% 2/15/30 | 190,000 | 158,202 | ||||||
3.625% 1/15/28 | 45,000 | 40,065 | ||||||
Hudson Pacific Properties LP | ||||||||
3.250% 1/15/30 | 185,000 | 125,882 | ||||||
3.950% 11/01/27 | 85,000 | 67,097 | ||||||
4.650% 4/01/29 | 90,000 | 67,756 | ||||||
5.950% 2/15/28 (c) | 260,000 | 217,056 | ||||||
Invitation Homes Operating Partnership LP | ||||||||
2.000% 8/15/31 | 405,000 | 299,717 | ||||||
LXP Industrial Trust | ||||||||
2.375% 10/01/31 | 430,000 | 315,136 | ||||||
Physicians Realty LP | ||||||||
2.625% 11/01/31 | 190,000 | 143,101 | ||||||
4.300% 3/15/27 | 45,000 | 42,295 | ||||||
Prologis Euro Finance LLC | ||||||||
4.250% 1/31/43 EUR (d) | 310,000 | 283,839 | ||||||
Realty Income Corp. | ||||||||
5.125% 7/06/34 EUR (d) | 150,000 | 157,201 | ||||||
Rexford Industrial Realty LP | ||||||||
2.150% 9/01/31 | 5,000 | 3,728 | ||||||
VICI Properties LP | ||||||||
4.950% 2/15/30 | 10,000 | 9,150 | ||||||
5.125% 5/15/32 | 482,000 | 431,425 | ||||||
5.625% 5/15/52 | 109,000 | 90,262 | ||||||
VICI Properties LP/VICI Note Co., Inc. | ||||||||
3.750% 2/15/27 (b) | 10,000 | 9,074 | ||||||
3.875% 2/15/29 (b) | 160,000 | 138,258 | ||||||
4.125% 8/15/30 (b) | 69,000 | 58,676 | ||||||
4.500% 9/01/26 (b) | 100,000 | 93,946 | ||||||
4.500% 1/15/28 (b) | 58,000 | 52,930 | ||||||
4.625% 6/15/25 (b) | 25,000 | 24,142 | ||||||
5.750% 2/01/27 (b) | 40,000 | 38,723 | ||||||
6,365,907 | ||||||||
Retail — 0.1% | ||||||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. | ||||||||
6.750% 1/15/30 (b) (c) | 82,000 | 66,838 | ||||||
Michaels Cos., Inc. | ||||||||
5.250% 5/01/28 (b) (c) | 170,000 | 135,677 | ||||||
202,515 | ||||||||
Savings & Loans — 0.1% | ||||||||
Nationwide Building Society Secured Overnight Financing Rate + 1.290% | ||||||||
2.972% VRN 2/16/28 (b) | 340,000 | 304,082 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Semiconductors — 0.1% | ||||||||
Broadcom, Inc. | ||||||||
2.600% 2/15/33 (b) | $ | 176,000 | $ | 131,240 | ||||
3.419% 4/15/33 (b) | 208,000 | 166,370 | ||||||
297,610 | ||||||||
Software — 0.6% | ||||||||
Fiserv, Inc. | ||||||||
5.600% 3/02/33 | 545,000 | 528,206 | ||||||
5.625% 8/21/33 | 90,000 | 87,205 | ||||||
Open Text Corp. | ||||||||
6.900% 12/01/27 (b) | 50,000 | 50,114 | ||||||
Oracle Corp. | ||||||||
2.800% 4/01/27 | 140,000 | 127,116 | ||||||
3.950% 3/25/51 | 1,208,000 | 828,138 | ||||||
6.500% 4/15/38 | 210,000 | 211,571 | ||||||
6.900% 11/09/52 | 140,000 | 144,218 | ||||||
1,976,568 | ||||||||
Telecommunications — 0.6% | ||||||||
AT&T, Inc. | ||||||||
4.750% 5/15/46 | 455,000 | 359,425 | ||||||
5.250% 3/01/37 | 270,000 | 245,188 | ||||||
Frontier Communications Holdings LLC | ||||||||
8.625% 3/15/31 (b) | 321,000 | 302,404 | ||||||
8.750% 5/15/30 (b) | 75,000 | 71,211 | ||||||
Intelsat Jackson Holdings SA, Escrow | ||||||||
8.500% 10/15/24 (b) (e) (f) | 171,000 | — | ||||||
9.750% 7/15/25 (b) (e) (f) | 585,000 | — | ||||||
Intelsat Jackson Holdings SA | ||||||||
6.500% 3/15/30 (b) | 417,000 | 369,814 | ||||||
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC | ||||||||
4.738% 9/20/29 (b) | 260,625 | 257,860 | ||||||
T-Mobile USA, Inc. | ||||||||
3.750% 4/15/27 | 375,000 | 350,407 | ||||||
1,956,309 | ||||||||
Water — 0.0% | ||||||||
Thames Water Utilities Finance PLC | ||||||||
4.375% 1/18/31 EUR (b) (d) | 160,000 | 149,414 | ||||||
TOTAL CORPORATE DEBT (Cost $92,475,939) | 81,857,902 | |||||||
MUNICIPAL OBLIGATIONS — 0.8% | ||||||||
California State University, Revenue Bond, Revenue Bond | ||||||||
2.374% 11/01/35 | 5,000 | 3,619 | ||||||
City of New York NY, General Obligation | ||||||||
5.968% 3/01/36 | 500,000 | 516,075 | ||||||
Jersey City Municipal Utilities Authority, Revenue Bond | ||||||||
5.470% 5/15/27 | 520,000 | 522,110 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue | ||||||||
Revenue Bond, 2.450% 11/01/34 | 560,000 | 414,877 | ||||||
Revenue Bond, 5.508% 8/01/37 | 45,000 | 44,208 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
New York State Dormitory Authority, Revenue Bond | ||||||||
5.289% 3/15/33 | $ | 750,000 | $ | 738,107 | ||||
University of California, Revenue Bond | ||||||||
2.247% 5/15/34 | 290,000 | 214,740 | ||||||
2,453,736 | ||||||||
TOTAL MUNICIPAL OBLIGATIONS (Cost $2,850,191) | 2,453,736 | |||||||
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS — 18.1% | ||||||||
Commercial Mortgage-Backed Securities — 4.0% | ||||||||
BAMLL Commercial Mortgage Securities Trust, Series 2018-PARK, Class A, | ||||||||
4.227% VRN 8/10/38 (b) (g) | 620,000 | 542,878 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2020-VIV4, Class A, 2.843% 3/09/44 (b) | 1,160,000 | 942,554 | ||||||
Series 2020-VIVA, Class D, 3.667% VRN 3/11/44 (b) (g) | 780,000 | 615,755 | ||||||
Series 2019-XL, Class A, 1 mo. USD Term SOFR + 1.034% 6.367% FRN 10/15/36 (b) | 977,903 | 975,153 | ||||||
Series 2022-CSMO, Class A, 1 mo. USD Term SOFR + 2.115% 7.447% FRN 6/15/27 (b) | 692,000 | 692,432 | ||||||
BX Trust | ||||||||
Series 2019-OC11, Class A, 3.202% 12/09/41 (b) | 180,000 | 151,443 | ||||||
Series 2019-OC11, Class E, 4.076% VRN 12/09/41 (b) (g) | 300,000 | 239,091 | ||||||
Series 2022-VAMF, Class C, 1 mo. USD Term SOFR + 1.580% 6.912% FRN 1/15/39 (b) | 443,000 | 431,923 | ||||||
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, 1 mo. USD Term SOFR + 3.188% | ||||||||
8.521% FRN 3/15/35 (b) | 894,000 | 882,263 | ||||||
Century Plaza Towers, Series 2019-CPT, Class A | ||||||||
2.865% 11/13/39 (b) | 355,000 | 282,253 | ||||||
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE4, Class F, 1 mo. USD Term SOFR + 2.697% | ||||||||
8.030% FRN 5/15/36 (b) | 897,766 | 884,637 | ||||||
DC Office Trust, Series 2019-MTC, Class A | ||||||||
2.965% 9/15/45 (b) | 375,000 | 294,524 | ||||||
Grace Trust, Series 2020-GRCE, Class A | ||||||||
2.347% 12/10/40 (b) | 900,000 | 685,960 | ||||||
GS Mortgage Securities Corp. Trust, Series 2021-ARDN, Class A, 1 mo. USD Term SOFR + 1.364% | ||||||||
6.697% FRN 11/15/36 (b) | 1,570,000 | 1,533,844 | ||||||
Hudson Yards Mortgage Trust | ||||||||
Series 2019-55HY, Class A, 3.041% VRN 12/10/41 (b) (g) | 375,000 | 308,822 | ||||||
Series 2019-30HY, Class A, 3.228% 7/10/39 (b) | 385,000 | 325,378 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A | ||||||||
3.397% 6/05/39 (b) | 385,000 | 326,225 | ||||||
MKT Mortgage Trust, Series 2020-525M, Class A | ||||||||
2.694% 2/12/40 (b) | 255,000 | 183,683 | ||||||
One Bryant Park Trust, Series 2019-OBP, Class A | ||||||||
2.516% 9/15/54 (b) | 490,000 | 389,284 | ||||||
RBS Commercial Funding, Inc. Trust, Series 2013-GSP, Class A, | ||||||||
3.961% VRN 1/15/32 (b) (g) | 670,000 | 659,792 | ||||||
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1, | ||||||||
3.872% VRN 1/05/43 (b) (g) | 655,000 | 432,451 | ||||||
SMRT Commercial Mortgage Trust, Series 2022-MINI, Class F, 1 mo. USD Term SOFR + 3.350% | ||||||||
8.683% FRN 1/15/39 (b) | 630,000 | 582,032 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Wells Fargo Commercial Mortgage Trust, Series 2019-JWDR, Class E, | ||||||||
3.989% VRN 9/15/31 (b) (g) | $ | 281,000 | $ | 251,065 | ||||
12,613,442 | ||||||||
Home Equity Asset-Backed Securities — 0.5% | ||||||||
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-4, Class M2, 1 mo. USD Term SOFR + 0.819% | ||||||||
6.139% FRN 10/25/35 | 683,073 | 611,343 | ||||||
Citigroup Mortgage Loan Trust, Series 2006-HE2, Class M1, 1 mo. USD Term SOFR + 0.549% | ||||||||
5.869% FRN 8/25/36 | 184,350 | 183,387 | ||||||
Morgan Stanley Capital I, Inc. Trust, Series 2006-HE1, Class A4, 1 mo. USD Term SOFR + 0.694% | ||||||||
6.014% FRN 1/25/36 | 820,219 | 772,853 | ||||||
1,567,583 | ||||||||
Other Asset-Backed Securities — 5.8% | ||||||||
AIMCO CLO, Series 2015-AA, Class BR2, 3 mo. USD Term SOFR + 1.862% | ||||||||
7.170% FRN 10/17/34 (b) | 1,100,000 | 1,078,463 | ||||||
AIMCO CLO Ltd., Series 2020-11A, Class AR, 3 mo. USD Term SOFR + 1.392% | ||||||||
6.700% FRN 10/17/34 (b) | 750,000 | 745,409 | ||||||
Allegro CLO XII Ltd., Series 2020-1A, Class A1, 3 mo. USD Term SOFR + 1.512% | ||||||||
6.845% FRN 1/21/32 (b) | 850,000 | 849,961 | ||||||
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A, 3 mo. USD Term SOFR + 1.362% | ||||||||
6.670% FRN 7/15/33 (b) | 800,000 | 793,893 | ||||||
Countrywide Asset-Backed Certificates Trust, Series 2004-7, Class MF2, | ||||||||
4.198% VRN 10/25/34 (g) | 1,634,150 | 1,494,197 | ||||||
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR, 3 mo. USD Term SOFR + 1.162% | ||||||||
6.470% FRN 4/15/29 (b) | 759,775 | 755,654 | ||||||
Eaton Vance CLO Ltd., Series 2020-1A, Class AR, 3 mo. USD Term SOFR + 1.432% | ||||||||
6.740% FRN 10/15/34 (b) | 990,000 | 978,329 | ||||||
First Franklin Mortgage Loan Trust, Series 2006-FFH1, Class M1, 1 mo. USD Term SOFR + 0.669% | ||||||||
5.989% FRN 1/25/36 | 712,728 | 662,485 | ||||||
FirstKey Homes Trust, Series 2020-SFR2, Class E | ||||||||
2.668% 10/19/37 (b) | 390,000 | 356,359 | ||||||
Flatiron CLO Ltd., Series 2021-1A, Class B, 3 mo. USD LIBOR + 1.600% | ||||||||
7.182% FRN 7/19/34 (b) | 850,000 | 836,261 | ||||||
GSAMP Trust, Series 2005-HE5, Class M3, 1 mo. USD Term SOFR + 0.804% | ||||||||
6.124% FRN 11/25/35 | 272,633 | 265,571 | ||||||
HPS Loan Management Ltd., Series 2021-16A, Class A1, 3 mo. USD Term SOFR + 1.402% | ||||||||
6.747% FRN 1/23/35 (b) | 1,000,000 | 987,874 | ||||||
JP Morgan Mortgage Acquisition Trust, | ||||||||
4.275% STEP 3/25/47 | 2,647,691 | 1,665,775 | ||||||
Long Beach Mortgage Loan Trust, Series 2006-9, Class 2A2, 1 mo. USD Term SOFR + 0.334% | ||||||||
5.654% FRN 10/25/36 | 5,911,041 | 1,728,389 | ||||||
Magnetite VII Ltd., Series 2012-7A, Class A1R2, 3 mo. USD Term SOFR + 1.062% | ||||||||
6.370% FRN 1/15/28 (b) | 637,731 | 635,069 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Progress Residential Trust | ||||||||
Series 2020-SFR3, Class E, 2.296% 10/17/27 (b) | $ | 590,000 | $ | 535,131 | ||||
Series 2020-SFR3, Class F, 2.796% 10/17/27 (b) | 360,000 | 329,209 | ||||||
Series 2021-SFR2, Class F, 3.395% 4/19/38 (b) | 1,150,000 | 1,010,891 | ||||||
Series 2021-SFR10, Class F, 4.608% 12/17/40 (b) | 476,677 | 403,516 | ||||||
Rockford Tower CLO Ltd., Series 2021-1A, Class A1, 3 mo. USD Term SOFR + 1.432% | ||||||||
6.758% FRN 7/20/34 (b) | 850,000 | 839,011 | ||||||
Saxon Asset Securities Trust, Series 2007-2, Class A2C, 1 mo. USD Term SOFR + 0.354% | ||||||||
5.674% FRN 5/25/47 | 1,486,490 | 972,325 | ||||||
Vantage Data Centers Issuer LLC, Series 2020-1A, Class A2 | ||||||||
1.645% 9/15/45 (b) | 444,000 | 399,816 | ||||||
18,323,588 | ||||||||
Student Loans Asset-Backed Securities — 1.7% | ||||||||
Access Group, Inc., Series 2015-1, Class A, 1 mo. USD LIBOR + 0.700% | ||||||||
6.134% FRN 7/25/56 (b) | 288,467 | 276,303 | ||||||
Collegiate Funding Services Education Loan Trust, Series 2005-A, Class A4, 3 mo. USD LIBOR + 0.200% | ||||||||
5.720% FRN 3/28/35 | 947,258 | 897,232 | ||||||
Nelnet Student Loan Trust, Series 2015-1A, Class A, 30 day USD SOFR Average + 0.704% | ||||||||
6.019% FRN 4/25/46 (b) | 527,501 | 518,481 | ||||||
SLM Student Loan Trust | ||||||||
Series 2007-7, Class A4, 90 day USD SOFR Average + 0.592% 5.646% FRN 1/25/22 | 458,040 | 446,384 | ||||||
Series 2012-7, Class A3, 30 day USD SOFR Average + 0.764% 6.079% FRN 5/26/26 | 549,725 | 528,021 | ||||||
Series 2012-2, Class A, 30 day USD SOFR Average + 0.814% 6.129% FRN 1/25/29 | 635,885 | 612,348 | ||||||
Series 2012-1, Class A3, 30 day USD SOFR Average + 1.064% 6.379% FRN 9/25/28 | 532,918 | 519,453 | ||||||
Series 2008-6, Class A4, 90 day USD SOFR Average + 1.362% 6.416% FRN 7/25/23 | 724,342 | 719,148 | ||||||
Series 2008-5, Class B, 90 day USD SOFR Average + 2.112% 7.166% FRN 7/25/73 | 700,000 | 680,047 | ||||||
5,197,417 | ||||||||
Whole Loan Collateral Collateralized Mortgage Obligations — 6.1% | ||||||||
American Home Mortgage Investment Trust, Series 2005-1, Class 6A, 6 mo. USD SOFR + 2.428% | ||||||||
7.886% FRN 6/25/45 | 219,102 | 212,195 | ||||||
Angel Oak Mortgage Trust | ||||||||
Series 2021-7, Class A1, 1.978% VRN 10/25/66 (b) (g) | 206,113 | 168,119 | ||||||
Series 2022-6,Class A1, 4.300% STEP 7/25/67 (b) | 820,505 | 761,106 | ||||||
Chase Mortgage Finance Trust, Series 2007-A1, Class 11A4, | ||||||||
4.099% VRN 3/25/37 (g) | 203,979 | 179,436 | ||||||
Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A, 1 yr. CMT + 2.400% | ||||||||
7.780% FRN 10/25/35 | 151,387 | 146,781 | ||||||
COLT Mortgage Loan Trust, Series 2021-6, Class A1, | ||||||||
1.907% VRN 12/25/66 (b) (g) | 708,407 | 586,214 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2006-OA6, Class 1A2, 1 mo. USD Term SOFR + 0.534% 5.854% FRN 7/25/46 | 763,597 | 662,675 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Series 2005-31, Class 2A1, 1 mo. USD Term SOFR + 0.714% 6.034% FRN 8/25/35 | $ | 748,673 | $ | 670,218 | ||||
Credit Suisse Mortgage Trust, Series 2018-RPL9, Class A, | ||||||||
3.850% VRN 9/25/57 (b) (g) | 738,240 | 680,354 | ||||||
Deephaven Residential Mortgage Trust, Series 2021-4, Class A1, | ||||||||
1.931% VRN 11/25/66 (b) (g) | 1,393,534 | 1,157,647 | ||||||
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-1, Class 1A3, 1 mo. USD Term SOFR + 0.614% | ||||||||
5.934% FRN 2/25/35 | 1,226,898 | 1,162,607 | ||||||
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1, | ||||||||
4.302% VRN 11/25/35 (g) | 197,635 | 155,694 | ||||||
GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1, | ||||||||
1.750% VRN 12/25/60 (b) (g) | 1,513,453 | 1,349,831 | ||||||
GS Mortgage-Backed Securities Trust | ||||||||
Series 2022-PJ6 , Class A4, 3.000% VRN 1/25/53 (b) (g) | 1,900,630 | 1,495,484 | ||||||
Series 2018-RPL1, Class A1A, 3.750% 10/25/57 (b) | 579,766 | 548,955 | ||||||
HarborView Mortgage Loan Trust, Series 2006-10, Class 1A1A, 1 mo. USD Term SOFR + 0.314% | ||||||||
5.642% FRN 11/19/36 | 1,550,675 | 1,100,973 | ||||||
Impac CMB Trust, Series 2005-1, Class 1A1, 1 mo. USD Term SOFR + 0.634% | ||||||||
5.954% FRN 4/25/35 | 367,463 | 338,820 | ||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2005-AR19, Class A1, 3.498% VRN 10/25/35 (g) | 619,427 | 451,808 | ||||||
Series 2006-AR27, Class 1A3, 1 mo. USD Term SOFR + 0.654% 5.974% FRN 10/25/36 | 1,208,020 | 508,284 | ||||||
JP Morgan Mortgage Trust, Series 2021-13, Class A3, | ||||||||
2.500% VRN 4/25/52 (b) (g) | 1,626,308 | 1,227,291 | ||||||
MASTR Adjustable Rate Mortgages Trust, Series 2007-1, Class I2A3, 1 yr. MTA + 0.740% | ||||||||
5.366% FRN 1/25/47 | 409,121 | 399,873 | ||||||
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2005-AR1, Class M1, 1 mo. USD Term SOFR + 1.184% | ||||||||
6.504% FRN 2/25/35 | 478,626 | 459,518 | ||||||
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4 , Class M2, 1 mo. USD Term SOFR + 0.864% | ||||||||
6.184% FRN 11/25/35 | 1,450,000 | 1,360,337 | ||||||
Structured Asset Mortgage Investments II Trust, Series 2006-AR8, Class A2, 1 mo. USD Term SOFR + 0.534% | ||||||||
5.854% FRN 10/25/36 | 1,568,508 | 1,288,189 | ||||||
Washington Mutual Mortgage Pass-Through Certificates Trust | ||||||||
Series 2006-1 Class 3A2, 5.750% 2/25/36 | 421,383 | 364,096 | ||||||
Series 2005-AR15, Class A1A1, 1 mo. USD Term SOFR + 0.634% 5.954% FRN 11/25/45 | 1,547,414 | 1,385,783 | ||||||
Series 2005-AR13, Class A1A1, 1 mo. USD Term SOFR + 0.694% 6.014% FRN 10/25/45 | 290,117 | 264,534 | ||||||
Series 2005-AR2, Class 2A21, 1 mo. USD Term SOFR + 0.774% 6.094% FRN 1/25/45 | 237,676 | 228,403 | ||||||
19,315,225 | ||||||||
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $60,722,127) | 57,017,255 | |||||||
SOVEREIGN DEBT OBLIGATIONS — 0.8% | ||||||||
Brazilian Government International Bond | ||||||||
3.875% 6/12/30 (c) | 200,000 | 174,070 | ||||||
Chile Government International Bond | ||||||||
2.550% 1/27/32 (c) | 224,000 | 180,876 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Colombia Government International Bond | ||||||||
4.500% 3/15/29 | $ | 200,000 | $ | 173,563 | ||||
Dominican Republic International Bond | ||||||||
4.500% 1/30/30 (b) | 200,000 | 169,239 | ||||||
Hungary Government International Bond | ||||||||
2.125% 9/22/31 (b) | 200,000 | 147,226 | ||||||
Mexico Government International Bond | ||||||||
4.875% 5/19/33 (c) | 300,000 | 268,818 | ||||||
Panama Government International Bond | ||||||||
2.252% 9/29/32 | 200,000 | 144,552 | ||||||
3.160% 1/23/30 | 200,000 | 167,892 | ||||||
Paraguay Government International Bond | ||||||||
4.950% 4/28/31 (b) | 200,000 | 184,436 | ||||||
Perusahaan Penerbit SBSN Indonesia III | ||||||||
2.550% 6/09/31 (b) | 200,000 | 162,756 | ||||||
Peruvian Government International Bond | ||||||||
2.783% 1/23/31 | 200,000 | 163,418 | ||||||
Poland Government International Bond | ||||||||
4.875% 10/04/33 | 100,000 | 93,000 | ||||||
5.750% 11/16/32 | 17,000 | 17,018 | ||||||
Romania Government International Bond | ||||||||
3.000% 2/14/31 (b) | 110,000 | 88,394 | ||||||
South Africa Government International Bond | ||||||||
5.875% 4/20/32 | 250,000 | 212,500 | ||||||
2,347,758 | ||||||||
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $2,709,179) | 2,347,758 | |||||||
U.S. Government Agency Obligations and Instrumentalities (h) — 36.2% | ||||||||
Collateralized Mortgage Obligations — 0.7% | ||||||||
Federal Home Loan Mortgage Corp. REMICS | ||||||||
Series 4818, Class CA, 3.000% 4/15/48 | 137,395 | 117,513 | ||||||
Series 4639, Class HZ, 3.250% STEP 4/15/53 | 1,653,331 | 1,205,839 | ||||||
Series 4846, Class PA, 4.000% 6/15/47 | 47,426 | 46,288 | ||||||
Federal National Mortgage Association REMICS | ||||||||
Series 2018-43, Class CT, 3.000% 6/25/48 | 244,316 | 208,664 | ||||||
Series 2018-57, Class QA, 3.500% 5/25/46 | 57,916 | 56,481 | ||||||
Series 2018-55, Class PA, 3.500% 1/25/47 | 66,228 | 63,220 | ||||||
Government National Mortgage Association REMICS | ||||||||
Series 2018-124, Class NW, 3.500% 9/20/48 | 243,028 | 214,690 | ||||||
Series 2019-15, Class GT, 3.500% 2/20/49 | 147,365 | 130,038 | ||||||
2,042,733 | ||||||||
Pass-Through Securities — 35.2% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
Pool #QE0312 2.000% 4/01/52 | 1,166,076 | 887,334 | ||||||
Pool #SD8194 2.500% 2/01/52 | 1,556,707 | 1,237,328 | ||||||
Pool #RA6815 2.500% 2/01/52 | 2,125,712 | 1,700,223 | ||||||
Pool #SD8205 2.500% 4/01/52 | 1,682,309 | 1,336,110 | ||||||
Pool #SD8212 2.500% 5/01/52 | 1,635,775 | 1,299,152 | ||||||
Pool #G18592 3.000% 3/01/31 | 142,971 | 134,516 | ||||||
Pool #G18627 3.000% 1/01/32 | 469,895 | 440,273 | ||||||
Pool #G08710 3.000% 6/01/46 | 92,690 | 78,496 | ||||||
Pool #ZM1779 3.000% 9/01/46 | 471,243 | 397,926 | ||||||
Pool #G08726 3.000% 10/01/46 | 695,713 | 588,304 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Pool #G08732 3.000% 11/01/46 | $ | 253,689 | $ | 214,523 | ||||
Pool #G08741 3.000% 1/01/47 | 702,146 | 593,744 | ||||||
Pool #QD8259 3.000% 3/01/52 | 1,835,149 | 1,519,523 | ||||||
Pool #G07848 3.500% 4/01/44 | 1,116,643 | 994,222 | ||||||
Pool #G60023 3.500% 4/01/45 | 1,019,419 | 902,493 | ||||||
Pool #G08711 3.500% 6/01/46 | 303,114 | 266,642 | ||||||
Pool #G08716 3.500% 8/01/46 | 424,193 | 373,153 | ||||||
Pool #G67700 3.500% 8/01/46 | 510,814 | 450,628 | ||||||
Pool #G08722 3.500% 9/01/46 | 75,058 | 66,027 | ||||||
Pool #G08742 3.500% 1/01/47 | 346,359 | 303,709 | ||||||
Pool #G08757 3.500% 4/01/47 | 88,618 | 77,567 | ||||||
Pool #ZA5103 3.500% 12/01/47 | 3,373 | 2,947 | ||||||
Pool #G67707 3.500% 1/01/48 | 1,852,478 | 1,636,528 | ||||||
Pool #G08800 3.500% 2/01/48 | 30,809 | 26,948 | ||||||
Pool #G08816 3.500% 6/01/48 | 250,130 | 218,705 | ||||||
Pool #G61556 3.500% 8/01/48 | 437,655 | 384,311 | ||||||
Pool #G60344 4.000% 12/01/45 | 547,526 | 498,804 | ||||||
Pool #G67711 4.000% 3/01/48 | 597,681 | 544,123 | ||||||
Pool #G67713 4.000% 6/01/48 | 2,498 | 2,272 | ||||||
Pool #RA7921 4.000% 9/01/52 (i) | 1,691,876 | 1,509,334 | ||||||
Pool #G08843 4.500% 10/01/48 | 114,777 | 107,310 | ||||||
Pool #SD2730 4.500% 4/01/53 (i) | 1,554,085 | 1,428,008 | ||||||
Pool #G08833 5.000% 7/01/48 | 75,302 | 72,498 | ||||||
Pool #G08844 5.000% 10/01/48 | 67,234 | 64,688 | ||||||
Federal National Mortgage Association | ||||||||
Pool #MA4152 2.000% 10/01/40 | 762,158 | 617,125 | ||||||
Pool #MA4176 2.000% 11/01/40 | 1,479,243 | 1,192,669 | ||||||
Pool #MA4333 2.000% 5/01/41 | 180,550 | 144,951 | ||||||
Pool #MA4158 2.000% 10/01/50 | 991,797 | 760,604 | ||||||
Pool #BQ6913 2.000% 12/01/51 | 2,208,185 | 1,683,785 | ||||||
Pool #MA4492 2.000% 12/01/51 | 1,692,230 | 1,288,772 | ||||||
Pool #BQ7006 2.000% 1/01/52 | 3,473,528 | 2,645,377 | ||||||
Pool #CB2802 2.000% 2/01/52 | 1,139,760 | 867,665 | ||||||
Pool #FS1598 2.000% 4/01/52 | 1,583,236 | 1,205,270 | ||||||
Pool #BL6060 2.455% 4/01/40 | 570,000 | 371,251 | ||||||
Pool #MA4512 2.500% 1/01/52 | 1,652,933 | 1,313,812 | ||||||
Pool #MA4548 2.500% 2/01/52 | 1,579,781 | 1,255,668 | ||||||
Pool #MA4563 2.500% 3/01/52 | 1,614,187 | 1,282,007 | ||||||
Pool #MA1607 3.000% 10/01/33 | 257,541 | 232,763 | ||||||
Pool #MA3811 3.000% 10/01/49 | 203,248 | 166,799 | ||||||
Pool #CB2430 3.000% 12/01/51 (i) | 2,776,339 | 2,296,669 | ||||||
Pool #BV8477 3.000% 5/01/52 | 573,218 | 474,407 | ||||||
Pool #AB4262 3.500% 1/01/32 | 220,282 | 206,725 | ||||||
Pool #MA1512 3.500% 7/01/33 | 111,334 | 103,264 | ||||||
Pool #MA1148 3.500% 8/01/42 | 631,506 | 564,204 | ||||||
Pool #CA0996 3.500% 1/01/48 | 120,935 | 106,047 | ||||||
Pool #MA3305 3.500% 3/01/48 | 23,639 | 20,648 | ||||||
Pool #BL1132 3.730% 1/01/29 | 920,000 | 851,894 | ||||||
Pool #MA1146 4.000% 8/01/42 | 260,385 | 240,628 | ||||||
Pool #AS9830 4.000% 6/01/47 | 117,658 | 106,526 | ||||||
Pool #MA3027 4.000% 6/01/47 | 179,314 | 162,349 | ||||||
Pool #AS9972 4.000% 7/01/47 | 108,893 | 98,590 | ||||||
Pool #931504 4.500% 7/01/39 | 37,170 | 35,654 | ||||||
Pool #CA1710 4.500% 5/01/48 | 406,325 | 379,488 | ||||||
Pool #CA1711 4.500% 5/01/48 | 131,339 | 122,664 | ||||||
Pool #CA2208 4.500% 8/01/48 | 227,459 | 212,364 | ||||||
Pool #BW9897 4.500% 10/01/52 | 731,707 | 672,300 | ||||||
Pool #AD6374 5.000% 5/01/40 | 7,853 | 7,735 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Pool #AI2733 5.000% 5/01/41 | $ | 81,861 | $ | 80,447 | ||||
Pool #977014 5.500% 5/01/38 | 8,439 | 8,468 | ||||||
Pool #985524 5.500% 6/01/38 | 12,576 | 12,635 | ||||||
Pool #988578 5.500% 8/01/38 | 90,134 | 90,492 | ||||||
Pool #995482 5.500% 1/01/39 | 51,749 | 51,962 | ||||||
Government National Mortgage Association II | ||||||||
Pool #MA4126 3.000% 12/20/46 | 547,986 | 470,623 | ||||||
Pool #MA4718 3.000% 9/20/47 | 59,392 | 50,952 | ||||||
Pool #MA4836 3.000% 11/20/47 | 209,119 | 179,335 | ||||||
Pool #MA6209 3.000% 10/20/49 | 176,980 | 146,077 | ||||||
Pool #MA3521 3.500% 3/20/46 | 212,916 | 189,477 | ||||||
Pool #MA3597 3.500% 4/20/46 | 66,022 | 58,733 | ||||||
Pool #MA3663 3.500% 5/20/46 | 96,908 | 86,210 | ||||||
Pool #MA3937 3.500% 9/20/46 | 79,567 | 70,783 | ||||||
Pool #MA4127 3.500% 12/20/46 | 291,201 | 258,871 | ||||||
Pool #MA4262 3.500% 2/20/47 | 294,330 | 261,377 | ||||||
Pool #MA4382 3.500% 4/20/47 | 75,328 | 66,894 | ||||||
Pool #MA4719 3.500% 9/20/47 | 92,836 | 82,413 | ||||||
Pool #MA4837 3.500% 11/20/47 | 192,140 | 170,568 | ||||||
Pool #MA4900 3.500% 12/20/47 | 692,672 | 614,687 | ||||||
Pool #MA4653 4.000% 8/20/47 | 36,720 | 33,617 | ||||||
Pool #MA4838 4.000% 11/20/47 | 153,484 | 140,514 | ||||||
Pool #MA4901 4.000% 12/20/47 | 67,037 | 61,309 | ||||||
Pool #MA5078 4.000% 3/20/48 | 226,774 | 207,257 | ||||||
Pool #MA5466 4.000% 9/20/48 | 253,101 | 231,159 | ||||||
Pool #MA5399 4.500% 8/20/48 | 459,354 | 430,674 | ||||||
Pool #MA3666 5.000% 5/20/46 | 77,807 | 76,041 | ||||||
Pool #MA4199 5.000% 1/20/47 | 79,282 | 77,477 | ||||||
Pool #MA4454 5.000% 5/20/47 | 123,261 | 119,871 | ||||||
Pool #MA4722 5.000% 9/20/47 | 138,828 | 134,923 | ||||||
Government National Mortgage Association II, TBA | ||||||||
2.500% 10/20/53 (i) | 5,225,000 | 4,269,566 | ||||||
4.500% 10/20/53 (i) | 1,575,000 | 1,454,771 | ||||||
5.000% 10/20/53 (i) | 800,000 | 758,310 | ||||||
5.500% 10/20/53 (i) | 2,450,000 | 2,377,734 | ||||||
Uniform Mortgage-Backed Security, TBA | ||||||||
2.000% 10/01/53 (i) | 9,700,000 | 7,373,460 | ||||||
2.500% 10/01/52 (i) | 4,050,000 | 3,212,312 | ||||||
3.000% 10/01/53 (i) | 6,675,000 | 5,518,611 | ||||||
3.500% 10/01/53 (i) | 2,500,000 | 2,149,609 | ||||||
4.000% 10/01/53 (i) | 8,325,000 | 7,414,450 | ||||||
4.500% 10/01/52 (i) | 6,750,000 | 6,198,659 | ||||||
5.000% 10/01/53 (i) | 14,325,000 | 13,517,548 | ||||||
5.500% 10/01/53 (i) | 10,300,000 | 9,955,599 | ||||||
110,713,518 | ||||||||
Whole Loans — 0.3% | ||||||||
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R03, Class 1M2, 30 day USD SOFR Average + 3.500% | ||||||||
8.815% FRN 3/25/42 (b) | 1,000,000 | 1,035,615 | ||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (Cost $122,781,114) | 113,791,866 | |||||||
U.S. TREASURY OBLIGATIONS — 29.8% | ||||||||
U.S. Treasury Bonds & Notes — 29.8% | ||||||||
U.S. Treasury Bonds | ||||||||
3.875% 5/15/43 | 925,000 | 803,885 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
4.125% 8/15/53 (i) | $ | 14,365,000 | $ | 13,036,577 | ||||
4.375% 8/15/43 (c) | 19,450,000 | 18,143,771 | ||||||
U.S. Treasury Inflation-Indexed Notes | ||||||||
1.250% 4/15/28 | 2,171,659 | 2,064,625 | ||||||
1.375% 7/15/33 | 2,482,961 | 2,295,624 | ||||||
U.S. Treasury Notes | ||||||||
3.875% 8/15/33 | 3,820,000 | 3,608,714 | ||||||
4.375% 8/31/28 | 7,175,000 | 7,103,363 | ||||||
4.625% 9/15/26 | 11,690,000 | 11,632,661 | ||||||
4.625% 9/30/28 (i) | 30,175,000 | 30,193,708 | ||||||
5.000% 9/30/25 (i) | 4,885,000 | 4,880,525 | ||||||
93,763,453 | ||||||||
TOTAL U.S. TREASURY OBLIGATIONS (Cost $96,035,642) | 93,763,453 | |||||||
TOTAL BONDS & NOTES (Cost $383,483,200) | 357,104,748 | |||||||
Number of Shares | ||||||||
EQUITIES — 0.1% | ||||||||
COMMON STOCK — 0.1% | ||||||||
Communications — 0.1% | ||||||||
Telecommunications — 0.1% | ||||||||
Intelsat SA (j) | 7,225 | 154,254 | ||||||
TOTAL COMMON STOCK (Cost $676,994) | 154,254 | |||||||
TOTAL EQUITIES (Cost $676,994) | 154,254 | |||||||
RIGHTS — 0.0% | ||||||||
Communications — 0.0% | ||||||||
Telecommunications — 0.0% | ||||||||
Intelsat Jackson Holdings SA (e) (f) (j) | 756 | — | ||||||
Intelsat Jackson Holdings SA (e) (f) (j) | 756 | — | ||||||
— | ||||||||
TOTAL RIGHTS (Cost $0) | — | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $384,160,194) | 357,259,002 | |||||||
SHORT-TERM INVESTMENTS — 26.6% | ||||||||
Investment of Cash Collateral from Securities Loaned — 8.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (k) | 28,051,718 | 28,051,718 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Repurchase Agreement — 12.3% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/29/23, 1.600%, due 10/02/23 (l) | $ | 38,570,974 | $ | 38,570,974 | ||||
U.S. Treasury Bill — 5.4% | ||||||||
U.S. Treasury Bills | ||||||||
5.380% 12/21/23 (m) | 4,575,000 | 4,520,979 | ||||||
5.438% 11/21/23 (m) | 4,945,000 | 4,908,515 | ||||||
5.458% 11/28/23 (c) (m) | 3,305,000 | 3,277,122 | ||||||
5.458% 11/28/23 (m) | 4,250,000 | 4,214,150 | ||||||
16,920,766 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $83,540,633) | 83,543,458 | |||||||
TOTAL INVESTMENTS — 140.3% (Cost $467,700,827) (n) | 440,802,460 | |||||||
Other Assets/(Liabilities) — (40.3)% | (126,525,190) | |||||||
NET ASSETS — 100.0% | $ | 314,277,270 |
Abbreviation Legend
CLO | Collateralized Loan Obligation |
FRN | Floating Rate Note |
REMICS | Real Estate Mortgage Investment Conduits |
STEP | Step Up Bond |
TBA | To Be Announced |
VRN | Variable Rate Note |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | All or a portion of the security represents unsettled bank loan commitments at September 30, 2023 where the rate will be determined at time of settlement. |
(b) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $59,990,532 or 19.09% of net assets. |
(c) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2023, was $27,749,318 or 8.83% of net assets. The Fund received $279,754 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(d) | The principal amount of the security is in foreign currency. The market value is in U.S. dollars. |
(e) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2023, these securities amounted to a value of $0 or 0.00% of net assets. |
(f) | Investment is valued using significant unobservable inputs. |
(g) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The rates shown are the current interest rates at September 30, 2023. |
(h) | May contain securities that are issued by a U.S. Government Agency, but are unsecured and are not guaranteed by a U.S. Government Agency. |
(i) | A portion of this security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
(j) | Non-income producing security. |
(k) | Represents investment of security lending cash collateral. (Note 2). |
(l) | Maturity value of $38,576,116. Collateralized by U.S. Government Agency obligations with a rate of 0.375%, maturity date of 1/31/26, and an aggregate market value, including accrued interest, of $39,342,442. |
(m) | The rate shown represents yield-to-maturity. |
(n) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Citibank N.A. | 10/13/23 | USD | 2,850,512 | EUR | 2,614,000 | $ | 85,734 | |||||||||
Citibank N.A. | 10/13/23 | USD | 310,503 | GBP | 242,000 | 15,222 | ||||||||||
$ | 100,956 |
Futures contracts | ||||||||||||||
Expiration Date | Number of Contracts | Notional Amount | Value/ Net Unrealized Appreciation (Depreciation) | |||||||||||
Long | ||||||||||||||
U.S. Treasury Ultra 10 Year | 12/19/23 | 6 | $ | 690,549 | $ | (21,174) | ||||||||
U.S. Treasury Ultra Bond | 12/19/23 | 1 | 125,198 | (6,510) | ||||||||||
U.S. Treasury Note 2 Year | 12/29/23 | 541 | 110,048,344 | (381,727) | ||||||||||
U.S. Treasury Note 5 Year | 12/29/23 | 3 | 318,225 | (2,147) | ||||||||||
$ | (411,558) | |||||||||||||
Short | ||||||||||||||
Euro-BOBL | 12/07/23 | 4 | $ | (494,508) | $ | 5,001 | ||||||||
Euro-Bund | 12/07/23 | 4 | (560,803) | 16,784 | ||||||||||
Euro-Buxl 30 Year Bond | 12/07/23 | 2 | (282,410) | 23,680 | ||||||||||
$ | 45,465 |
Centrally Cleared Interest Rate Swaps | ||||||||||||||||||||||||||||||||
Paid by the Fund | Received by the Fund | |||||||||||||||||||||||||||||||
Rate/ Reference | Frequency | Rate/ Reference | Frequency | Termination Date | Notional Amount | Value | Upfront Premium Paid/ (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
Fixed 3.520% | Annually | 12-Month USD SOFR | Annually | 12/20/53 | USD | 2,201,000 | $ | 176,249 | $ | — | $ | 176,249 |
Currency Legend
EUR | Euro |
GBP | British Pound |
USD | U.S. Dollar |
Notes to Portfolio of Investments (Unaudited) |
1. The Funds
MML Series Investment Fund (the ''Trust'') is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust is organized under the laws of the Commonwealth of Massachusetts as a Massachusetts business trust pursuant to an Agreement and Declaration of Trust dated December 19, 1984, as restated May 14, 1993, and further amended and restated as of December 15, 2011, as it may be further amended from time to time. The Trust consists of the following series (each individually referred to as a ''Fund'' or collectively as the ''Funds''):
MML Conservative Allocation Fund ("Conservative Allocation Fund")
MML Balanced Allocation Fund ("Balanced Allocation Fund")
MML Moderate Allocation Fund ("Moderate Allocation Fund")
MML Growth Allocation Fund ("Growth Allocation Fund")
MML Aggressive Allocation Fund ("Aggressive Allocation Fund")
MML American Funds Growth Fund ("MML American Funds Growth Fund")
MML American Funds Core Allocation Fund ("MML American Funds Core Allocation Fund")
MML Blue Chip Growth Fund ("Blue Chip Growth Fund")
MML Equity Income Fund ("Equity Income Fund")
MML Equity Index Fund ("Equity Index Fund")
MML Focused Equity Fund ("Focused Equity Fund")
MML Foreign Fund ("Foreign Fund")
MML Fundamental Equity Fund ("Fundamental Equity Fund")
MML Fundamental Value Fund ("Fundamental Value Fund")
MML Global Fund ("Global Fund")
MML Income & Growth Fund ("Income & Growth Fund")
MML International Equity Fund ("International Equity Fund")
MML Large Cap Growth Fund ("Large Cap Growth Fund")
MML Managed Volatility Fund ("Managed Volatility Fund")
MML Mid Cap Growth Fund ("Mid Cap Growth Fund")
MML Mid Cap Value Fund ("Mid Cap Value Fund")
MML Small Cap Growth Equity Fund ("Small Cap Growth Equity Fund")
MML Small Company Value Fund ("Small Company Value Fund")
MML Small/Mid Cap Value Fund ("Small/Mid Cap Value Fund")
MML Sustainable Equity Fund ("Sustainable Equity Fund")
MML Total Return Bond Fund ("Total Return Bond Fund")
The Trust makes shares of the Funds available for the investment of assets of various separate investment accounts established by Massachusetts Mutual Life Insurance Company ("MassMutual") and by life insurance companies which are subsidiaries of MassMutual. Shares of the Trust are not offered to the general public. MassMutual, MML Bay State Life Insurance Company, C.M. Life Insurance Company, and the Allocation Funds (as defined below), which are "funds of funds" series of the Trust, are the record owners of all of the outstanding shares of the Funds.
The Conservative Allocation Fund, Balanced Allocation Fund, Moderate Allocation Fund, Growth Allocation Fund, and Aggressive Allocation Fund (the "Allocation Funds") invest their investable assets in shares of series of the Trust and MML Series Investment Fund II advised by MML Investment Advisers, LLC ("MML Advisers") and non-affiliated mutual funds (together, the "MML Underlying Funds").
MML American Funds Growth Fund (the "Feeder Fund") invests all of its assets in Class 1 shares of the Growth Fund, a series of the American Funds Insurance Series (the "Master Fund"). The Master Fund is an open-end investment company and organized as a Massachusetts business trust. The Feeder Fund has an investment objective that is consistent with the Master Fund. The Master Fund intends to comply with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), applicable to mutual funds and intends to distribute substantially all of its taxable income and capital gains to shareholders, which includes the Feeder Fund, to qualify as a regulated investment company. The performance of the Feeder Fund is directly affected by the performance of the Master Fund. The MML American Funds Core Allocation Fund invests all of its investable assets in shares of various series of American Funds Insurance Series, which are managed by Capital Research and Management Company (together, the "American Underlying Funds" and collectively with the MML Underlying Funds, the "Underlying Funds").
Notes to Portfolio of Investments (Unaudited) (Continued) |
2. Significant Accounting Policies
Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, Financial Services – Investment Companies.
Investment Valuation
The net asset value of each Fund’s shares is determined once daily as of the close of regular trading on the New York Stock Exchange ("NYSE"), on each day the NYSE is open for trading (a "business day"). The NYSE normally closes at 4:00 p.m. Eastern Time, but may close earlier on some days. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. A Fund will not treat an intraday disruption in NYSE trading or other event that causes an unscheduled closing of the NYSE as a close of business of the NYSE for these purposes; instead, MML Advisers will determine the fair value of a Fund’s securities in accordance with MML Advisers’ fair valuation policy and procedures. On holidays and other days when the NYSE is closed, each Fund’s net asset value generally is not calculated and the Funds do not anticipate accepting buy or sell orders. However, the value of each Fund’s assets may still be affected on such days to the extent that a Fund or an Underlying Fund or the Master Fund holds foreign securities that trade on days that foreign securities markets are open.
The net asset value of each of the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund is based upon the net asset value(s) of the Master Fund or Underlying Funds, as applicable. Shares of the Master Fund and Underlying Funds are valued at their closing net asset values as reported on each business day.
The Prospectuses and Statements of Additional Information ("SAIs") for the Underlying Funds and the Master Fund, as applicable, explain the valuation methods for the Underlying Funds and the Master Fund, including the circumstances under which the Underlying Funds or the Master Fund may use fair value pricing and the effects of doing so. Such Prospectuses and SAIs are available on the Securities and Exchange Commission's ("SEC') EDGAR database on its website at http://www.sec.gov.
Equity securities and derivative contracts that are actively traded on a national securities exchange or contract market are valued on the basis of information furnished by a pricing service, which provides the last reported sale price, or, in the case of futures contracts, the settlement price, for securities or derivatives listed on the exchange or contract market or the official closing price on the NASDAQ National Market System ("NASDAQ System"), or in the case of over-the-counter ("OTC") securities for which an official closing price is unavailable or not reported on the NASDAQ System, the last reported bid price. Portfolio securities traded on more than one national securities exchange are valued at the last price at the close of the exchange representing the principal market for such securities. Debt securities are valued on the basis of valuations furnished by a pricing service, which generally determines valuations taking into account factors such as institutional-size trading in similar securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. Shares of other open-end mutual funds are valued at their closing net asset values as reported on each business day.
Investments for which market quotations are readily available are marked to market daily based on those quotations. Market quotations may be provided by third-party vendors or market makers, and may be determined on the basis of a variety of factors, such as broker quotations, financial modeling, and other market data, such as market indexes and yield curves, counterparty information, and foreign exchange rates. U.S. Government and agency securities may be valued on the basis of market quotations or using a model that may incorporate market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. The fair values of OTC derivative contracts, including forward, swap, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices, may be based on market quotations or may be modeled using a series of techniques, including simulation models, depending on the contract and the terms of the transaction. The fair values of asset-backed securities and mortgage-backed securities are estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, established benchmark yield, and estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche, including, but not limited to, prepayment speed assumptions and attributes of the collateral.
Notes to Portfolio of Investments (Unaudited) (Continued) |
The Board of Trustees ("Trustees") have designated MML Advisers as the Funds’ "valuation designee," responsible for determining the fair value, in good faith, of securities and other instruments held by the Funds for which market quotations are not readily available or for which such market quotations or values are considered by MML Advisers or a subadviser to be unreliable (including, for example, certain foreign securities, thinly-traded securities, certain restricted securities, certain initial public offerings, or securities whose values may have been affected by a significant event). It is possible that a significant amount of a Fund’s assets will be subject to fair valuation in accordance with MML Advisers’ fair valuation policy and procedures. The fair value determined for an investment by MML Advisers may differ from recent market prices for the investment and may be significantly different from the value realized upon the sale of such investment.
The Funds, and certain Underlying Funds, or the Master Fund may invest in securities that are traded principally in foreign markets and that trade on weekends and other days when the Funds do not price their shares. As a result, the values of the Funds' portfolio securities may change on days when the prices of the Funds' shares are not calculated. The prices of the Funds' shares will reflect any such changes when the prices of the Funds' shares are next calculated, which is the next business day. The Funds may use fair value pricing more frequently for securities primarily traded in foreign markets because, among other things, most foreign markets close well before the Funds value their securities. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim. The Funds' investments may be priced based on fair values provided by a third-party vendor, based on certain factors and methodologies applied by such vendor, in the event that there is movement in the U.S. market, between the close of the foreign market and the time the Funds calculate their net asset values. All assets and liabilities expressed in foreign currencies are converted into U.S. dollars at the mean between the buying and selling rates of such currencies against the U.S. dollar at the end of each business day.
Investments in equity or debt issued by privately held companies or funds ("Private Company" or collectively, the "Private Companies") and any other investments fair valued using significant unobservable inputs may be fair valued using one or a combination of, but not limited to, the following inputs:
Market approach: (i) recent market transactions, including subsequent rounds of financing, in the underlying investment or comparable issuers; (ii) recapitalizations and other transactions across the capital structure; and (iii) market multiples of comparable issuers.
Income approach: (i) future cash flows discounted to present value and adjusted as appropriate for liquidity, credit, and/or market risks; (ii) quoted prices for similar investments or assets in active markets; and (iii) other risk factors, such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, recovery rates, liquidation amounts, and/or default rates.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Cost approach: (i) audited or unaudited financial statements, investor communications, and financial or operational metrics issued by the Private Company; (ii) changes in the valuation of relevant indexes or publicly traded companies comparable to the Private Company; (iii) relevant news and other public sources; and (iv) known secondary market transactions in the Private Company's interests and merger or acquisition activity in companies comparable to the Private Company.
Investments in series of preferred stock issued by Private Companies are typically valued utilizing the Market approach in determining the enterprise value of the company. Such investments often contain rights and preferences that differ from other series of preferred and common stock of the same issuer. Valuation techniques such as the current value method ("CVM"), an option pricing model ("OPM"), a probability weighted expected return model ("PWERM"), or a hybrid of those techniques are used in allocating enterprise value of the company, as deemed appropriate under the circumstances. The CVM allocates value among the various parts of a company’s capital structure assuming that the value of convertible preferred stock is represented by the most favorable claim the preferred stockholders have on the enterprise value as of the valuation date. The use of OPM and PWERM techniques involve a determination of the exit scenarios of the investment in order to appropriately allocate the enterprise value of the company among the various parts of its capital structure.
The Private Companies are not subject to the public company disclosure, timing, and reporting standards as other investments held by a Fund. Typically, the most recently available information for a Private Company is as of a date that is earlier than the date a Fund is calculating its net asset value. This factor may result in a difference between the value of the investment and the price a Fund could receive upon the sale of the investment.
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier hierarchy is utilized to maximize the use of observable market data inputs and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.
Level 1 – quoted prices (unadjusted) in active markets for identical investments that the Funds can access at the measurement date
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs, to the extent observable inputs are not available (including the Funds' own assumptions in determining the fair value of investments)
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. In addition, in periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Levels.
In certain cases, the inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest Level input that is significant to the overall fair value measurement.
The Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund characterized all investments at Level 1, as of September 30, 2023. The Focused Equity Fund, Fundamental Equity Fund, Large Cap Growth Fund, and Small/Mid Cap Value Fund characterized all long-term investments at Level 1, and all short-term investments at Level 2, as of September 30, 2023. For each Fund noted in the preceding sentences, the level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.
The following is the aggregate value by input level, as of September 30, 2023, for the remaining Funds' investments:
Blue Chip Growth Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 405,863,004 | $ | 644,170 | $ | 742,427 | $ | 407,249,601 | ||||||||
Preferred Stock | — | — | 911,759 | 911,759 | ||||||||||||
Corporate Debt | — | 726,034 | — | 726,034 | ||||||||||||
Short-Term Investments | 105 | 1,385,995 | — | 1,386,100 | ||||||||||||
Total Investments | $ | 405,863,109 | $ | 2,756,199 | $ | 1,654,186 | $ | 410,273,494 |
Equity Income Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock* | $ | 310,902,191 | $ | 14,023,906 | $ | — | $ | 324,926,097 | ||||||||
Preferred Stock* | 804,812 | 2,297,307 | — | 3,102,119 | ||||||||||||
Short-Term Investments | 4,094,141 | 2,491,817 | — | 6,585,958 | ||||||||||||
Total Investments | $ | 315,801,144 | $ | 18,813,030 | $ | — | $ | 334,614,174 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Equity Index Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 581,401,337 | $ | — | $ | — | $ | 581,401,337 | ||||||||
Short-Term Investments | — | 9,227,489 | — | 9,227,489 | ||||||||||||
Total Investments | $ | 581,401,337 | $ | 9,227,489 | $ | — | $ | 590,628,826 | ||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts | $ | (418,426 | ) | $ | — | $ | — | $ | (418,426 | ) |
Foreign Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock* | ||||||||||||||||
Australia | $ | — | $ | 7,955,445 | $ | — | $ | 7,955,445 | ||||||||
Belgium | — | 5,899,620 | — | 5,899,620 | ||||||||||||
Canada | 1,162,295 | — | — | 1,162,295 | ||||||||||||
China | 1,639,344 | — | — | 1,639,344 | ||||||||||||
Denmark | — | 654,954 | — | 654,954 | ||||||||||||
Finland | — | 1,790,953 | — | 1,790,953 | ||||||||||||
France | — | 15,227,672 | — | 15,227,672 | ||||||||||||
Germany | — | 18,639,860 | — | 18,639,860 | ||||||||||||
Hong Kong | — | 1,484,325 | — | 1,484,325 | ||||||||||||
Ireland | 2,444,130 | 4,054,992 | — | 6,499,122 | ||||||||||||
Israel | 1,839,264 | — | — | 1,839,264 | ||||||||||||
Italy | — | 617,842 | — | 617,842 | ||||||||||||
Japan | — | 29,739,873 | — | 29,739,873 | ||||||||||||
Luxembourg | — | 1,440,569 | — | 1,440,569 | ||||||||||||
Netherlands | — | 7,566,743 | — | 7,566,743 | ||||||||||||
Norway | — | 2,182,046 | — | 2,182,046 | ||||||||||||
Republic of Korea | — | 3,075,363 | — | 3,075,363 | ||||||||||||
Singapore | — | 2,470,182 | — | 2,470,182 | ||||||||||||
Sweden | — | 3,502,543 | — | 3,502,543 | ||||||||||||
Switzerland | — | 6,378,039 | — | 6,378,039 | ||||||||||||
United Kingdom | 690,432 | 31,089,904 | — | 31,780,336 | ||||||||||||
United States | 1,750,045 | 11,640,875 | — | 13,390,920 | ||||||||||||
Preferred Stock* | ||||||||||||||||
Germany | — | 934,978 | — | 934,978 | ||||||||||||
Short-Term Investments | 1,107,831 | — | — | 1,107,831 | ||||||||||||
Total Investments | $ | 10,633,341 | $ | 156,346,778 | $ | — | $ | 166,980,119 |
Fundamental Value Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 157,535,922 | $ | — | $ | — | $ | 157,535,922 | ||||||||
Short-Term Investments | 337,413 | 2,039,734 | — | 2,377,147 | ||||||||||||
Total Investments | $ | 157,873,335 | $ | 2,039,734 | $ | — | $ | 159,913,069 |
Global Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock * | ||||||||||||||||
Austria | $ | — | $ | 648,931 | $ | — | $ | 648,931 | ||||||||
Canada | 4,309,781 | — | — | 4,309,781 | ||||||||||||
Denmark | — | 598,049 | — | 598,049 | ||||||||||||
France | — | 9,698,601 | — | 9,698,601 | ||||||||||||
Germany | — | 4,726,050 | — | 4,726,050 | ||||||||||||
Israel | 1,514,461 | — | — | 1,514,461 | ||||||||||||
Japan | — | 3,074,578 | — | 3,074,578 | ||||||||||||
Mexico | 390,741 | — | — | 390,741 | ||||||||||||
Netherlands | — | 2,759,207 | — | 2,759,207 | ||||||||||||
Republic of Korea | — | 1,357,466 | — | 1,357,466 | ||||||||||||
Spain | — | 1,714,073 | — | 1,714,073 | ||||||||||||
Sweden | — | 1,342,497 | — | 1,342,497 | ||||||||||||
Switzerland | — | 5,615,304 | — | 5,615,304 | ||||||||||||
United Kingdom | — | 9,472,560 | — | 9,472,560 | ||||||||||||
United States | 63,829,476 | 9,655,400 | — | 73,484,876 | ||||||||||||
Warrants | 78,339 | — | — | 78,339 | ||||||||||||
Short-Term Investments | 4,355,306 | 801,340 | — | 5,156,646 | ||||||||||||
Total Investments | $ | 74,478,104 | $ | 51,464,056 | $ | — | $ | 125,942,160 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Income & Growth Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 152,999,270 | $ | — | $ | — | $ | 152,999,270 | ||||||||
Short-Term Investments | 96,520 | 318,898 | — | 415,418 | ||||||||||||
Total Investments | $ | 153,095,790 | $ | 318,898 | $ | — | $ | 153,414,688 |
International Equity Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock* | ||||||||||||||||
Australia | $ | — | $ | 2,754,807 | $ | — | $ | 2,754,807 | ||||||||
Belgium | — | 2,137,881 | — | 2,137,881 | ||||||||||||
Canada | 7,432,586 | — | — | 7,432,586 | ||||||||||||
China | 1,275,548 | 5,338,057 | — | 6,613,605 | ||||||||||||
Denmark | — | 5,244,715 | — | 5,244,715 | ||||||||||||
France | — | 36,227,395 | — | 36,227,395 | ||||||||||||
Germany | — | 34,129,222 | — | 34,129,222 | ||||||||||||
Hong Kong | — | 5,467,744 | — | 5,467,744 | ||||||||||||
India | 1,974,416 | 715,504 | — | 2,689,920 | ||||||||||||
Indonesia | — | 114,225 | — | 114,225 | ||||||||||||
Ireland | 3,254,688 | — | — | 3,254,688 | ||||||||||||
Israel | 2,056,111 | — | — | 2,056,111 | ||||||||||||
Italy | — | 6,217,567 | — | 6,217,567 | ||||||||||||
Japan | — | 24,073,519 | — | 24,073,519 | ||||||||||||
Luxembourg | — | 952,864 | — | 952,864 | ||||||||||||
Netherlands | — | 5,238,014 | — | 5,238,014 | ||||||||||||
Portugal | — | 1,384,320 | — | 1,384,320 | ||||||||||||
Republic of Korea | — | 2,620,094 | — | 2,620,094 | ||||||||||||
Singapore | — | 1,912,795 | — | 1,912,795 | ||||||||||||
Spain | — | 2,520,288 | — | 2,520,288 | ||||||||||||
Sweden | — | 3,020,306 | — | 3,020,306 | ||||||||||||
Switzerland | — | 16,771,831 | — | 16,771,831 | ||||||||||||
Taiwan | 1,797,613 | — | — | 1,797,613 | ||||||||||||
United Kingdom | 741,296 | 23,982,132 | — | 24,723,428 | ||||||||||||
United States | 2,283,250 | 18,772,942 | — | 21,056,192 | ||||||||||||
Preferred Stock* | ||||||||||||||||
Republic of Korea | — | 1,247,515 | — | 1,247,515 | ||||||||||||
Short-Term Investments | 2,040,796 | 8,433,935 | — | 10,474,731 | ||||||||||||
Total Investments | $ | 22,856,304 | $ | 209,277,672 | $ | — | $ | 232,133,976 |
Managed Volatility Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 97,098,492 | $ | — | $ | — | $ | 97,098,492 | ||||||||
Corporate Debt | — | — | — | + | — | |||||||||||
Purchased Options | 1,350,944 | — | — | 1,350,944 | ||||||||||||
Rights | — | — | — | + | — | |||||||||||
Short-Term Investments | — | 1,612,661 | — | 1,612,661 | ||||||||||||
Total Investments | $ | 98,449,436 | $ | 1,612,661 | $ | — | $ | 100,062,097 | ||||||||
Liability Derivatives | ||||||||||||||||
Written Options | $ | (616,180 | ) | $ | — | $ | — | $ | (616,180 | ) |
Mid Cap Growth Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 305,949,720 | $ | 153,319 | $ | — | $ | 306,103,039 | ||||||||
Preferred Stock | — | — | 813,920 | 813,920 | ||||||||||||
Short-Term Investments | 630,089 | 7,594,441 | — | 8,224,530 | ||||||||||||
Total Investments | $ | 306,579,809 | $ | 7,747,760 | $ | 813,920 | $ | 315,141,489 |
Mid Cap Value Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 222,128,310 | $ | 19,284,409 | * | $ | — | $ | 241,412,719 | |||||||
Preferred Stock | — | 1,818,211 | * | — | 1,818,211 | |||||||||||
Mutual Funds | 5,040,144 | — | — | 5,040,144 | ||||||||||||
Short-Term Investments | 341,972 | 5,104,418 | — | 5,446,390 | ||||||||||||
Total Investments | $ | 227,510,426 | $ | 26,207,038 | $ | — | $ | 253,717,464 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 39,435 | $ | — | $ | 39,435 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (285 | ) | $ | — | $ | (285 | ) |
Small Cap Growth Equity Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 135,006,912 | $ | — | $ | — | $ | 135,006,912 | ||||||||
Mutual Funds | 733,510 | — | — | 733,510 | ||||||||||||
Short-Term Investments | 1,627,524 | 147,316 | — | 1,774,840 | ||||||||||||
Total Investments | $ | 137,367,946 | $ | 147,316 | $ | — | $ | 137,515,262 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Small Company Value Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 68,698,360 | $ | 429,851 | * | $ | — | $ | 69,128,211 | |||||||
Short-Term Investments | 180,997 | 101,354 | — | 282,351 | ||||||||||||
Total Investments | $ | 68,879,357 | $ | 531,205 | $ | — | $ | 69,410,562 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (3,882 | ) | $ | — | $ | (3,882 | ) |
Sustainable Equity Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 128,746,593 | $ | 1,514,420 | * | $ | — | $ | 130,261,013 | |||||||
Mutual Funds | 425,343 | — | — | 425,343 | ||||||||||||
Short-Term Investments | — | 364,161 | — | 364,161 | ||||||||||||
Total Investments | $ | 129,171,936 | $ | 1,878,581 | $ | — | $ | 131,050,517 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 954 | $ | — | $ | 954 |
Total Return Bond Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Bank Loans | $ | — | $ | 5,872,778 | $ | — | $ | 5,872,778 | ||||||||
Corporate Debt | — | 81,857,902 | — | + | 81,857,902 | |||||||||||
Municipal Obligations | — | 2,453,736 | — | 2,453,736 | ||||||||||||
Non-U.S. Government Agency Obligations | — | 57,017,255 | — | 57,017,255 | ||||||||||||
Sovereign Debt Obligations | — | 2,347,758 | — | 2,347,758 | ||||||||||||
U.S. Government Agency Obligations and Instrumentalities | — | 113,791,866 | — | 113,791,866 | ||||||||||||
U.S. Treasury Obligations | — | 93,763,453 | — | 93,763,453 | ||||||||||||
Common Stock | 154,254 | — | — | 154,254 | ||||||||||||
Rights | — | — | — | + | — | |||||||||||
Short-Term Investments | 28,051,718 | 55,491,740 | — | 83,543,458 | ||||||||||||
Total Investments | $ | 28,205,972 | $ | 412,596,488 | $ | — | $ | 440,802,460 | ||||||||
Liability Investments | ||||||||||||||||
Unfunded Loan Commitments** | $ | — | $ | (203 | ) | $ | — | $ | (203 | ) | ||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 100,956 | $ | — | $ | 100,956 | ||||||||
Futures Contracts | 45,465 | — | — | 45,465 | ||||||||||||
Swap Agreements | — | 176,249 | — | 176,249 | ||||||||||||
Total | $ | 45,465 | $ | 277,205 | $ | — | $ | 322,670 | ||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts | $ | (411,558 | ) | $ | — | $ | — | $ | (411,558 | ) |
Notes to Portfolio of Investments (Unaudited) (Continued) |
* | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments after the close of trading in their respective foreign markets, as applicable. |
** | Unfunded bank loan commitments are valued at the unrealized appreciation (depreciation) on the commitment. |
+ | Represents a security at $0 value as of September 30, 2023. |
Derivative Instruments
Derivatives are financial instruments whose values are based on the values of one or more underlying indicators, such as a security, asset, currency, interest rate, or index. Derivative transactions can create investment leverage and may be highly volatile. Losses from derivatives can be substantially greater than the derivatives' original cost and can sometimes be unlimited. A Fund may not be able to close out a derivative transaction at a favorable time or price.
Please refer to the Funds' most recent Annual/Semiannual reports and Prospectus(es) and Statement(s) of Additional Information which can be found on the SEC's EDGAR database on its website at http://www.sec.gov for more information regarding the derivatives and other investments held by the Fund(s).
Securities Lending
Each Fund, other than the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund, may lend its securities; however, lending cannot exceed 33% of the total assets of the Fund taken at current value. The Funds’ securities lending activities are governed by a Securities Lending Agency Agreement ("Lending Agreement") between each Fund and the lending agent ("Agent"). The Lending Agreement authorizes the Agent to lend portfolio securities held by a Fund to approved borrowers (each, a "Borrower").
Each Fund expects that in connection with any securities on loan, the loan will be secured continuously by collateral consisting of cash (U.S. currency) and/or securities (U.S. Treasury and Agency obligations) adjusted daily to have value at least equal to the current market value of the securities loaned. The market value of the loaned securities is determined at the close of business of a Fund and any additional collateral is delivered to the Fund the next business day. The Funds bear the risk of loss with respect to the investment of cash collateral. As with other extensions of credit, the Funds may bear the risk of delay in recovery of the loaned securities or even loss of rights in the collateral should the Borrower of the securities fail financially. Pursuant to the Lending Agreement, the Agent has provided indemnification to the Funds in the event of default by a Borrower with respect to a loan. The Funds receive compensation for lending their securities in the form of a securities loan fee paid by the Borrower, as well as a share of the income earned on investment of the cash collateral received for the loaned securities. At September 30, 2023, the Funds' collateral was equal to or greater than 100% of the market value of securities on loan and all of the Funds’ cash collateral was invested in the State Street Navigator Securities Lending Government Money Market Portfolio.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Subject to the terms of the Lending Agreement and the agreement between the Agent and the applicable Borrower ("Borrowing Agreement"), security loans can be terminated by the Agent, the Fund, or the Borrower and the related securities must be returned within the earlier of the customary settlement period for such securities or the period of time specified in the Borrowing Agreement.
Accounting for Investment Transactions
Investment transactions are accounted for on the trade date. Realized gains and losses on sales of investments and unrealized appreciation and depreciation of investments are computed by the specific identification cost method. Proceeds received from litigation, if any, are included in realized gains on investment transactions for any investments that are no longer held in the portfolio and as a reduction in cost for investments that continue to be held in the portfolio. Interest income, adjusted for amortization of discounts and premiums on debt securities, is earned from the settlement date and is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign interest, dividends, and capital gains have been provided for in accordance with the applicable country's tax rules and rates. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain.
Foreign Currency Translation
The books and records of the Funds are maintained in U.S. dollars. The market values of foreign currencies, foreign securities, and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the mean of the buying and selling rates of such currencies against the U.S. dollar at the end of each business day. Purchases and sales of foreign securities and income and expense items are translated at the rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of the results of operations arising from changes in the exchange rates from that portion arising from changes in the market prices of securities. Net realized foreign currency gains and losses resulting from changes in exchange rates include foreign currency gains and losses between trade date and settlement date on investment securities transactions, foreign currency transactions, and the difference between the amounts of dividends or interest recorded on the books of the Funds and the amount actually received.
Foreign Securities
The Global Fund invests a significant amount of its assets in foreign securities and each of the Foreign Fund and International Equity Fund invests substantially all of its assets in foreign securities. The other Funds, except for the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund, may also invest in foreign securities. In addition, certain Underlying Funds or the Master Fund may invest in foreign securities. Foreign securities, including American Depositary Receipts, are subject to additional risks compared to securities of U.S. issuers, including international trade, currency, political, regulatory, public health, and diplomatic risks. In addition, fluctuations in currency exchange rates may favorably or unfavorably affect the values of foreign securities and the price of a Fund’s shares. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets, including less liquidity, less stringent investor protection and disclosure standards, less reliable settlement practices, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, greater risk of new or inconsistent government treatment of or restrictions on issuers and instruments, and greater volatility in currency exchange rates, and are more susceptible to environmental problems.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Federal Income Tax
It is each Fund’s intent to continue to comply with the provisions of Subchapter M of the Code, applicable to a regulated investment company. Under such provisions, the Funds would not be subject to U.S. federal income taxes on their ordinary income and net realized capital gains to the extent they are distributed or deemed to have been distributed to their shareholders. Therefore, the Funds have not made any provision for U.S. federal income tax.
Dividends and Distributions to Shareholders
Dividends from net investment income and distributions of any net realized capital gains of each Fund are declared and paid annually and at other times as may be required to satisfy tax or regulatory requirements.
Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles. As a result, net investment income and net realized capital gains on investment transactions for a reporting period may differ significantly from distributions during such period.
3. Federal Income Tax Information
At September 30, 2023, the aggregate cost of investments and the unrealized appreciation (depreciation) in the value of all investments owned by the Fund(s), as computed on a federal income tax basis, were as follows:
Federal Income Tax Cost | Tax Basis Unrealized Appreciation | Tax Basis Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
Conservative Allocation Fund | $ | 321,456,075 | $ | 164,465 | $ | (53,024,779 | ) | $ | (52,860,314 | ) | ||||||
Balanced Allocation Fund | 373,681,896 | – | (54,527,004 | ) | (54,527,004 | ) | ||||||||||
Moderate Allocation Fund | 1,334,367,840 | – | (204,824,956 | ) | (204,824,956 | ) | ||||||||||
Growth Allocation Fund | 1,038,574,695 | – | (152,096,340 | ) | (152,096,340 | ) | ||||||||||
Aggressive Allocation Fund | 141,714,960 | – | (22,113,102 | ) | (22,113,102 | ) | ||||||||||
MML American Funds Growth Fund | 219,176,993 | 1,333,317 | – | 1,333,317 | ||||||||||||
MML American Funds Core Allocation Fund | 680,115,321 | 16,996,965 | (52,059,682 | ) | (35,062,717 | ) | ||||||||||
Blue Chip Growth Fund | 302,942,464 | 126,523,456 | (19,192,426 | ) | 107,331,030 | |||||||||||
Equity Income Fund | 288,146,898 | 63,362,841 | (16,895,565 | ) | 46,467,276 | |||||||||||
Equity Index Fund | 332,990,204 | 279,188,069 | (21,549,447 | ) | 257,638,622 | |||||||||||
Focused Equity Fund | 253,213,893 | 33,874,065 | (10,531,171 | ) | 23,342,894 | |||||||||||
Foreign Fund | 170,784,048 | 18,267,946 | (22,071,875 | ) | (3,803,929 | ) | ||||||||||
Fundamental Equity Fund | 129,080,463 | 14,493,815 | (5,432,650 | ) | 9,061,165 | |||||||||||
Fundamental Value Fund | 135,187,289 | 30,448,460 | (5,722,680 | ) | 24,725,780 | |||||||||||
Global Fund | 113,885,876 | 20,472,889 | (8,416,605 | ) | 12,056,284 | |||||||||||
Income & Growth Fund | 135,675,423 | 26,365,559 | (8,626,294 | ) | 17,739,265 | |||||||||||
International Equity Fund | 244,813,287 | 14,724,000 | (27,403,311 | ) | (12,679,311 | ) | ||||||||||
Large Cap Growth Fund | 157,317,805 | 45,602,233 | (14,903,184 | ) | 30,699,049 | |||||||||||
Managed Volatility Fund | 64,497,540 | 38,700,583 | (3,136,026 | ) | 35,564,557 | |||||||||||
Mid Cap Growth Fund | 271,737,257 | 61,255,980 | (17,851,748 | ) | 43,404,232 | |||||||||||
Mid Cap Value Fund | 278,509,099 | 7,818,259 | (32,609,894 | ) | (24,791,635 | ) | ||||||||||
Small Cap Growth Equity Fund | 133,284,157 | 19,679,433 | (15,448,328 | ) | 4,231,105 | |||||||||||
Small Company Value Fund | 78,409,592 | 3,773,110 | (12,772,140 | ) | (8,999,030 | ) | ||||||||||
Small/Mid Cap Value Fund | 132,039,205 | 9,858,833 | (18,438,968 | ) | (8,580,135 | ) | ||||||||||
Sustainable Equity Fund | 108,096,431 | 30,669,619 | (7,715,533 | ) | 22,954,086 | |||||||||||
Total Return Bond Fund | 467,700,827 | 671,319 | (27,569,686 | ) | (26,898,367 | ) |
Notes to Portfolio of Investments (Unaudited) (Continued) |
4. New Accounting Pronouncements
In June 2022, FASB issued Accounting Standards Update 2022-03 — Fair Value Measurement (Topic 820) — Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ("ASU 2022-03"). ASU 2022-03 clarifies the guidance in Topic 820 to indicate that a contractual sale restriction should not be considered in the fair value of an equity security subject to such a restriction, and requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. ASU 2022-03 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023, and allows for early adoption. ASU 2022-03 will only be applicable to an equity security in which the contractual arrangement that restricts its sale is executed or modified on or after the adoption date. Management is currently evaluating the impact of applying this update.
In December 2022, FASB issued Accounting Standards Update 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848" ("ASU 2022-06"). ASU 2022-06 is an update of ASU 2020-04, which responded to concerns about structural risks of interbank offered rates, and particularly the risk of cessation of LIBOR. ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 is elective and applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2022-06 defers the sunset date provision included in Topic 848. The amendments in this update are effective immediately through December 31, 2024, for all entities. Management does not expect ASU 2022-06 to have a material impact on the financial statements.
Notes to Portfolio of Investments (Unaudited) (Continued) |
5. Coronavirus (COVID-19) Pandemic
The global pandemic outbreak of the novel coronavirus known as COVID-19 and efforts to contain its spread have produced, and may continue to produce, substantial market volatility, severe market dislocations and liquidity constraints in many markets, exchange trading suspensions and closures, higher default rates, and global business disruption, and they may result in future significant adverse effects. Such factors, and the effects of other infectious illness outbreaks, epidemics, or pandemics, may have a significant adverse effect on a Fund’s performance and have the potential to impair the ability of a Fund’s investment adviser, subadviser, or other service providers to serve the Fund and could lead to disruptions that negatively impact the Fund.
6. Russia-Ukraine War
In February 2022, Russia commenced a large-scale military attack on Ukraine. The outbreak of hostilities between the two countries could result in more widespread conflict and could have a severe adverse effect on the regional and the global financial markets and economies. One or more of the Funds hold positions in securities or other instruments that are economically tied to Russia. Investments in Russia are subject to political, economic, legal, market, and currency risks, as well as the risks related to the economic sanctions on Russia, Russian individuals, and Russian corporate and banking entities imposed by the United States, other countries, and certain international organizations. Such sanctions — which affect companies in many sectors, including energy, financial services, and defense, among others — could adversely affect the global energy and financial markets and, thus, could affect the value of a Fund’s investments, even beyond any direct exposure the Fund may have to Russian issuers or the adjoining geographic regions. These sanctions and any other intergovernmental actions (including retaliatory actions by the Russian government) may also result in a decline in the value and liquidity of Russian securities and a weakening of the ruble, and will impair a Fund's ability to buy, sell, receive, or deliver Russian securities. In addition, certain transactions have been or may be prohibited and/or existing investments have or may become illiquid (e.g., because transacting in certain existing investments is prohibited), which could cause a Fund to sell other portfolio holdings at a disadvantageous time or price in order to meet shareholder redemptions.