NPORT-EX 2 fp0087951-13_nportex.htm

 

MML Conservative Allocation Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 40.6%          
MML Blue Chip Growth Fund, Initial Class (a)   602,299   $10,997,987 
MML Equity Income Fund, Initial Class (a)   986,033    10,609,718 
MML Focused Equity Fund, Class II (a)   1,769,311    13,305,221 
MML Foreign Fund, Initial Class (a)   497,736    4,927,588 
MML Fundamental Equity Fund, Class II (a)   640,602    7,334,896 
MML Fundamental Value Fund, Class II (a)   743,048    10,031,144 
MML Global Fund, Class I (a)   1,246,091    5,582,489 
MML Income & Growth Fund, Initial Class (a)   425,006    4,628,317 
MML International Equity Fund, Class II (a)   1,362,918    14,460,555 
MML Large Cap Growth Fund, Initial Class (a)   497,681    7,773,779 
MML Mid Cap Growth Fund, Initial Class (a)   613,037    7,197,054 
MML Mid Cap Value Fund, Initial Class (a)   703,808    5,827,528 
MML Small Cap Growth Equity Fund, Initial Class (a)   24,392    253,304 
MML Small Company Value Fund, Class II (a)   346,238    3,095,370 
MML Small/Mid Cap Value Fund, Initial Class (a)   164,683    1,582,607 
MML Strategic Emerging Markets Fund, Class II (a)   425,393    2,314,137 
         109,921,694 
Fixed Income Funds — 59.5%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   1,256,185    5,376,471 
MML Dynamic Bond Fund, Class II (a)   3,862,610    32,832,188 
MML High Yield Fund, Class II (a)   86,047    754,633 
MML Inflation-Protected and Income Fund, Initial Class (a)   717,861    6,266,930 
MML Managed Bond Fund, Initial Class (a)   4,856,177    52,844,412 
MML Short-Duration Bond Fund, Class II (a)   1,485,850    13,387,508 
MML Total Return Bond Fund, Class II (a)   5,093,771    45,487,378 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   524,566    4,033,911 
         160,983,431 
           
TOTAL MUTUAL FUNDS
(Cost $287,521,306)
        270,905,125 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $287,521,306)
        270,905,125 
           
TOTAL INVESTMENTS — 100.1%
(Cost $287,521,306) (c)
        270,905,125 
           
Other Assets/(Liabilities) — (0.1)%        (210,298) 
           
NET ASSETS — 100.0%       $270,694,827 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 50.8%          
MML Blue Chip Growth Fund, Initial Class (a)   892,290   $16,293,222 
MML Equity Income Fund, Initial Class (a)   1,280,037    13,773,200 
MML Focused Equity Fund, Class II (a)   3,495,906    26,289,212 
MML Foreign Fund, Initial Class (a)   736,937    7,295,678 
MML Fundamental Equity Fund, Class II (a)   966,964    11,071,736 
MML Fundamental Value Fund, Class II (a)   907,776    12,254,974 
MML Global Fund, Class I (a)   1,919,917    8,601,227 
MML Income & Growth Fund, Initial Class (a)   653,421    7,115,750 
MML International Equity Fund, Class II (a)   1,998,554    21,204,661 
MML Large Cap Growth Fund, Initial Class (a)   773,772    12,086,326 
MML Mid Cap Growth Fund, Initial Class (a)   750,069    8,805,804 
MML Mid Cap Value Fund, Initial Class (a)   1,051,055    8,702,737 
MML Small Cap Growth Equity Fund, Initial Class (a)   147,527    1,532,049 
MML Small Company Value Fund, Class II (a)   398,547    3,563,006 
MML Small/Mid Cap Value Fund, Initial Class (a)   225,204    2,164,211 
MML Strategic Emerging Markets Fund, Class II (a)   566,206    3,080,160 
         163,833,953 
Fixed Income Funds — 49.3%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   1,248,495    5,343,558 
MML Dynamic Bond Fund, Class II (a)   3,738,606    31,778,154 
MML High Yield Fund, Class II (a)   89,165    781,980 
MML Inflation-Protected and Income Fund, Initial Class (a)   813,440    7,101,332 
MML Managed Bond Fund, Initial Class (a)   4,736,399    51,540,996 
MML Short-Duration Bond Fund, Class II (a)   1,496,246    13,481,178 
MML Total Return Bond Fund, Class II (a)   5,023,125    44,856,507 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   539,295    4,147,182 
         159,030,887 
           
TOTAL MUTUAL FUNDS
(Cost $334,804,576)
        322,864,840 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $334,804,576)
        322,864,840 
           
TOTAL INVESTMENTS — 100.1%
(Cost $334,804,576) (c)
        322,864,840 
           
Other Assets/(Liabilities) — (0.1)%        (258,271) 
           
NET ASSETS — 100.0%       $322,606,569 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 60.6%          
MML Blue Chip Growth Fund, Initial Class (a)   3,806,249   $69,502,105 
MML Equity Income Fund, Initial Class (a)   5,530,181    59,504,751 
MML Focused Equity Fund, Class II (a)   13,671,349    102,808,543 
MML Foreign Fund, Initial Class (a)   3,052,576    30,220,506 
MML Fundamental Equity Fund, Class II (a)   4,015,830    45,981,248 
MML Fundamental Value Fund, Class II (a)   4,670,216    63,047,919 
MML Global Fund, Class I (a)   7,646,495    34,256,298 
MML Income & Growth Fund, Initial Class (a)   2,537,628    27,634,769 
MML International Equity Fund, Class II (a)   8,612,512    91,378,755 
MML Large Cap Growth Fund, Initial Class (a)   3,061,069    47,813,891 
MML Mid Cap Growth Fund, Initial Class (a)   3,667,939    43,061,608 
MML Mid Cap Value Fund, Initial Class (a)   3,751,696    31,064,042 
MML Small Cap Growth Equity Fund, Initial Class (a)   936,849    9,729,081 
MML Small Company Value Fund, Class II (a)   2,020,858    18,066,470 
MML Small/Mid Cap Value Fund, Initial Class (a)   1,117,592    10,740,060 
MML Strategic Emerging Markets Fund, Class II (a)   2,430,362    13,221,167 
         698,031,213 
Fixed Income Funds — 39.5%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   3,498,984    14,975,650 
MML Dynamic Bond Fund, Class II (a)   10,879,286    92,473,928 
MML High Yield Fund, Class II (a)   279,094    2,447,653 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,919,406    16,756,416 
MML Managed Bond Fund, Initial Class (a)   13,551,350    147,464,366 
MML Short-Duration Bond Fund, Class II (a)   4,217,468    37,999,388 
MML Total Return Bond Fund, Class II (a)   14,476,690    129,276,845 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   1,731,620    13,316,155 
         454,710,401 
           
TOTAL MUTUAL FUNDS
(Cost $1,179,116,060)
        1,152,741,614 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $1,179,116,060)
        1,152,741,614 
           
TOTAL INVESTMENTS — 100.1%
(Cost $1,179,116,060) (c)
        1,152,741,614 
           
Other Assets/(Liabilities) — (0.1)%        (882,759) 
           
NET ASSETS — 100.0%       $1,151,858,855 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 75.4%          
MML Blue Chip Growth Fund, Initial Class (a)   4,078,141   $74,466,855 
MML Equity Income Fund, Initial Class (a)   5,552,464    59,744,517 
MML Focused Equity Fund, Class II (a)   14,507,257    109,094,571 
MML Foreign Fund, Initial Class (a)   3,184,088    31,522,469 
MML Fundamental Equity Fund, Class II (a)   4,350,705    49,815,569 
MML Fundamental Value Fund, Class II (a)   4,249,188    57,364,040 
MML Global Fund, Class I (a)   8,186,302    36,674,634 
MML Income & Growth Fund, Initial Class (a)   3,090,479    33,655,314 
MML International Equity Fund, Class II (a)   8,836,385    93,754,042 
MML Large Cap Growth Fund, Initial Class (a)   3,565,397    55,691,496 
MML Mid Cap Growth Fund, Initial Class (a)   3,724,532    43,726,010 
MML Mid Cap Value Fund, Initial Class (a)   3,938,286    32,609,009 
MML Small Cap Growth Equity Fund, Initial Class (a)   993,483    10,317,220 
MML Small Company Value Fund, Class II (a)   2,321,936    20,758,105 
MML Small/Mid Cap Value Fund, Initial Class (a)   1,004,829    9,656,404 
MML Strategic Emerging Markets Fund, Class II (a)   2,594,618    14,114,721 
         732,964,976 
Fixed Income Funds — 24.7%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   1,848,779    7,912,773 
MML Dynamic Bond Fund, Class II (a)   5,342,568    45,411,832 
MML High Yield Fund, Class II (a)   283,523    2,486,497 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,432,649    12,507,022 
MML Managed Bond Fund, Initial Class (a)   6,826,774    74,288,233 
MML Short-Duration Bond Fund, Class II (a)   2,327,673    20,972,330 
MML Total Return Bond Fund, Class II (a)   7,659,668    68,400,831 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   1,074,886    8,265,872 
         240,245,390 
           
TOTAL MUTUAL FUNDS
(Cost $973,866,461)
        973,210,366 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $973,866,461)
        973,210,366 
           
TOTAL INVESTMENTS — 100.1%
(Cost $973,866,461) (c)
        973,210,366 
           
Other Assets/(Liabilities) — (0.1)%        (614,610) 
           
NET ASSETS — 100.0%       $972,595,756 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 90.2%          
MML Blue Chip Growth Fund, Initial Class (a)   715,781   $13,070,170 
MML Equity Income Fund, Initial Class (a)   869,539    9,356,235 
MML Focused Equity Fund, Class II (a)   2,372,881    17,844,066 
MML Foreign Fund, Initial Class (a)   507,228    5,021,552 
MML Fundamental Equity Fund, Class II (a)   712,029    8,152,728 
MML Fundamental Value Fund, Class II (a)   677,797    9,150,263 
MML Global Fund, Class I (a)   1,203,587    5,392,070 
MML Income & Growth Fund, Initial Class (a)   433,408    4,719,817 
MML International Equity Fund, Class II (a)   1,410,192    14,962,138 
MML Large Cap Growth Fund, Initial Class (a)   641,449    10,019,438 
MML Mid Cap Growth Fund, Initial Class (a)   679,194    7,973,739 
MML Mid Cap Value Fund, Initial Class (a)   630,180    5,217,888 
MML Small Cap Growth Equity Fund, Initial Class (a)   155,743    1,617,372 
MML Small Company Value Fund, Class II (a)   349,351    3,123,195 
MML Small/Mid Cap Value Fund, Initial Class (a)   148,008    1,422,360 
MML Strategic Emerging Markets Fund, Class II (a)   422,067    2,296,045 
         119,339,076 
Fixed Income Funds — 9.9%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   234,746    1,004,711 
MML Dynamic Bond Fund, Class II (a)   241,821    2,055,475 
MML High Yield Fund, Class II (a)   19,191    168,303 
MML Inflation-Protected and Income Fund, Initial Class (a)   18,338    160,090 
MML Managed Bond Fund, Initial Class (a)   323,296    3,518,069 
MML Short-Duration Bond Fund, Class II (a)   231,582    2,086,550 
MML Total Return Bond Fund, Class II (a)   365,980    3,268,200 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   108,205    832,096 
         13,093,494 
           
TOTAL MUTUAL FUNDS
(Cost $131,684,618)
        132,432,570 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $131,684,618)
        132,432,570 
           
TOTAL INVESTMENTS — 100.1%
(Cost $131,684,618) (c)
        132,432,570 
           
Other Assets/(Liabilities) — (0.1)%        (84,621) 
           
NET ASSETS — 100.0%       $132,347,949 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 100.1%          
American Funds Insurance Series Growth Fund, Class 1   2,371,950   $265,587,261 
           
TOTAL MUTUAL FUNDS
(Cost $208,903,528)
        265,587,261 
           
TOTAL INVESTMENTS — 100.1%
(Cost $208,903,528) (a)
        265,587,261 
           
Other Assets/(Liabilities) — (0.1)%        (264,713) 
           
NET ASSETS — 100.0%       $265,322,548 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 65.8%          
American Funds Insurance Series® Growth-Income Fund, Class 1   2,813,556   $184,569,256 
American Funds Insurance Series® International Fund, Class 1   3,595,505    67,056,177 
American Funds Insurance Series® Washington Mutual Investors Fund, Class 1   11,658,469    184,553,559 
         436,178,992 
Fixed Income Funds — 34.3%          
American Funds Insurance Series® The Bond Fund Of America, Class 1   24,046,102    227,716,585 
           
TOTAL MUTUAL FUNDS
(Cost $611,739,927)
        663,895,577 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $611,739,927)
        663,895,577 
           
TOTAL INVESTMENTS — 100.1%
(Cost $611,739,927) (a)
        663,895,577 
           
Other Assets/(Liabilities) — (0.1)%        (732,923) 
           
NET ASSETS — 100.0%       $663,162,654 

 

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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.3%          
           
COMMON STOCK — 98.1%          
Communication Services — 15.2%          
Alphabet, Inc. Class A (a)   44,664   $6,741,137 
Alphabet, Inc. Class C (a)   194,977    29,687,198 
Meta Platforms, Inc. Class A   48,104    23,358,340 
Netflix, Inc. (a)   12,869    7,815,730 
Sea Ltd. ADR (a)   19,625    1,054,059 
T-Mobile US, Inc.   26,523    4,329,084 
         72,985,548 
Consumer Discretionary — 14.2%          
Amazon.com, Inc. (a)   224,912    40,569,627 
Booking Holdings, Inc.   1,139    4,132,155 
Carvana Co. (a)   26,449    2,325,132 
Chipotle Mexican Grill, Inc. (a)   1,725    5,014,178 
DoorDash, Inc., Class A (a)   11,612    1,599,205 
Lululemon Athletica, Inc. (a)   3,828    1,495,408 
NIKE, Inc. Class B   9,896    930,026 
Ross Stores, Inc.   19,332    2,837,164 
Tesla, Inc. (a)   40,778    7,168,365 
TJX Cos., Inc.   20,296    2,058,420 
         68,129,680 
Consumer Staples — 1.4%          
Colgate-Palmolive Co.   13,353    1,202,438 
Dollar General Corp.   20,154    3,145,233 
Mondelez International, Inc. Class A   16,739    1,171,730 
Procter & Gamble Co.   6,866    1,114,008 
         6,633,409 
Energy — 0.3%          
Schlumberger NV   30,763    1,686,120 
Financials — 9.3%          
Adyen NV ADR (a) (b)   77,473    1,310,068 
Ant Group Balance Owed 2023 (Acquired 8/14/23, Cost $280,322) (a) (c) (d) (e)   280,322    282,733 
Charles Schwab Corp.   23,328    1,687,548 
Chubb Ltd.   18,825    4,878,122 
Fiserv, Inc. (a)   7,212    1,152,622 
Goldman Sachs Group, Inc.   2,955    1,234,274 
Marsh & McLennan Cos., Inc.   13,540    2,788,969 
Mastercard, Inc. Class A   25,631    12,343,121 
Morgan Stanley   21,588    2,032,726 
MSCI, Inc.   798    447,239 
S&P Global, Inc.   5,096    2,168,093 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Visa, Inc. Class A   52,157   $14,555,976 
         44,881,491 
Health Care — 11.8%          
Align Technology, Inc. (a)   1,074    352,186 
AstraZeneca PLC Sponsored ADR   14,826    1,004,461 
Danaher Corp.   11,438    2,856,297 
Elevance Health, Inc.   3,770    1,954,896 
Eli Lilly & Co.   21,283    16,557,323 
Humana, Inc.   5,572    1,931,924 
Intuitive Surgical, Inc. (a)   18,647    7,441,831 
Stryker Corp.   7,910    2,830,752 
Teleflex, Inc.   2,401    543,034 
Thermo Fisher Scientific, Inc.   9,375    5,448,844 
UnitedHealth Group, Inc.   25,726    12,726,652 
Veeva Systems, Inc. Class A (a)   4,698    1,088,480 
Zoetis, Inc.   12,141    2,054,379 
         56,791,059 
Industrials — 1.6%          
Cintas Corp.   1,438    987,949 
General Electric Co.   17,218    3,022,276 
Old Dominion Freight Line, Inc.   7,988    1,751,848 
TransDigm Group, Inc.   1,114    1,372,002 
Veralto Corp.   4,194    371,840 
         7,505,915 
Information Technology — 42.7%          
Advanced Micro Devices, Inc. (a)   19,876    3,587,419 
Apple, Inc.   215,897    37,022,018 
ASML Holding NV   6,429    6,239,152 
Atlassian Corp. Class A (a)   6,599    1,287,531 
Bill Holdings, Inc. (a)   11,557    794,197 
Canva, Inc. (Acquired 8/16/21-12/17/21, Cost $582,930) (a) (c) (d) (e)   342    364,798 
Confluent, Inc. Class A (a)   20,706    631,947 
Crowdstrike Holdings, Inc. Class A (a)   3,582    1,148,353 
Datadog, Inc. Class A (a)   6,942    858,031 
Fortinet, Inc. (a)   5,659    386,566 
Gusto, Inc. (Acquired 10/04/21, Cost $193,055) (a) (c) (d) (e)   6,706    103,138 
Intuit, Inc.   8,024    5,215,600 
Lam Research Corp.   859    834,579 
Microsoft Corp.   158,500    66,684,120 
MongoDB, Inc. (a)   5,800    2,080,112 
Monolithic Power Systems, Inc.   4,059    2,749,648 
NVIDIA Corp.   52,793    47,701,643 
Roper Technologies, Inc.   5,815    3,261,285 
ServiceNow, Inc. (a)   14,354    10,943,490 
Shopify, Inc. Class A (a)   35,890    2,769,631 
Snowflake, Inc. Class A (a)   4,515    729,624 
Synopsys, Inc. (a)   9,947    5,684,710 
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR   13,735    1,868,647 
TE Connectivity Ltd.   9,988    1,450,657 
Texas Instruments, Inc.   4,312    751,193 
         205,148,089 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Materials — 0.9%          
Linde PLC   4,739   $2,200,413 
Sherwin-Williams Co.   6,343    2,203,114 
         4,403,527 
Utilities — 0.7%          
Constellation Energy Corp.   18,790    3,473,332 
           
TOTAL COMMON STOCK
(Cost $280,255,980)
        471,638,170 
           
PREFERRED STOCK — 0.2%          
Information Technology — 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 $1,010,973)
        911,759 
           
TOTAL EQUITIES
(Cost $281,266,953)
        472,549,929 
           
   Principal
Amount
    
BONDS & NOTES — 0.2%          
CORPORATE DEBT — 0.2%          
Retail — 0.2%          
Carvana Co.          
12.000% 12/01/28 (f)  $228,862    223,767 
13.000% 6/01/30 (f)   345,306    336,751 
14.000% 6/01/31 (f)   409,554    411,654 
         972,172 
           
TOTAL CORPORATE DEBT
(Cost $1,074,881)
        972,172 
           
TOTAL BONDS & NOTES
(Cost $1,074,881)
        972,172 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $282,341,834)
        473,522,101 
           
   Number of
Shares
    
SHORT-TERM INVESTMENTS — 2.3%          
         
Investment of Cash Collateral from Securities Loaned — 0.0%          
State Street Navigator Securities Lending Government Money Market Portfolio (g)   3,450    3,450 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Mutual Fund — 0.0%          
T. Rowe Price Government Reserve Investment Fund   109   $109 
           
   Principal
Amount
    
Repurchase Agreement — 2.3%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (h)  $11,001,751   11,001,751 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $11,005,310)
        11,005,310 
           
TOTAL INVESTMENTS — 100.8%
(Cost $293,347,144) (i)
        484,527,411 
           
Other Assets/(Liabilities) — (0.8)%        (3,607,546) 
           
NET ASSETS — 100.0%       $480,919,865 

 

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 March 31, 2024, was $3,382 or 0.00% of net assets. (Note 2).
(c) Investment is valued using significant unobservable inputs.
(d) Restricted security. Certain securities are restricted to resale. At March 31, 2024, these securities amounted to a value of $1,662,428 or 0.35% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities.
(e) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2024, these securities amounted to a value of $1,662,428 or 0.35% of net assets.
(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 March 31, 2024, the aggregate market value of these securities amounted to $972,172 or 0.20% of net assets.
(g) Represents investment of security lending cash collateral. (Note 2).
(h) Maturity value of $11,003,707. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $11,221,817.
(i) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Equity Income Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.1%          
           
COMMON STOCK — 98.3%          
Communication Services — 4.7%          
AT&T, Inc.   29,946   $527,049 
Comcast Corp. Class A   24,439    1,059,431 
News Corp. Class A   283,452    7,420,773 
News Corp. Class B   27,147    734,598 
Verizon Communications, Inc.   47,733    2,002,877 
Walt Disney Co.   41,812    5,116,116 
         16,860,844 
Consumer Discretionary — 3.0%          
Best Buy Co., Inc.   3,200    262,496 
Kohl's Corp.   59,827    1,743,957 
Las Vegas Sands Corp.   73,318    3,790,540 
Mattel, Inc. (a)   94,748    1,876,958 
TJX Cos., Inc.   10,847    1,100,103 
Volkswagen AG ADR   156,326    2,066,630 
         10,840,684 
Consumer Staples — 8.1%          
Colgate-Palmolive Co.   28,014    2,522,661 
Conagra Brands, Inc.   135,095    4,004,216 
Constellation Brands, Inc. Class A   1,419    385,627 
Dollar General Corp.   5,900    920,754 
Kenvue, Inc.   178,761    3,836,211 
Kimberly-Clark Corp.   36,886    4,771,204 
Mondelez International, Inc. Class A   3,957    276,990 
Philip Morris International, Inc.   55,883    5,120,000 
Tyson Foods, Inc. Class A   53,079    3,117,330 
Walmart, Inc.   68,056    4,094,930 
         29,049,923 
Energy — 8.7%          
Baker Hughes Co.   18,500    619,750 
Chevron Corp.   4,586    723,396 
ConocoPhillips   9,100    1,158,248 
Enbridge, Inc.   55,979    2,025,320 
EOG Resources, Inc.   19,600    2,505,664 
EQT Corp.   58,900    2,183,423 
Exxon Mobil Corp.   47,611    5,534,303 
Hess Corp.   16,106    2,458,420 
Suncor Energy, Inc.   56,000    2,066,960 
TC Energy Corp. (b)   28,828    1,158,885 
TotalEnergies SE   114,537    7,875,564 
TotalEnergies SE Sponsored ADR   21,700    1,493,611 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Williams Cos., Inc.   40,400   $1,574,388 
         31,377,932 
Financials — 23.3%          
American International Group, Inc.   111,903    8,747,458 
Apollo Global Management, Inc.   9,500    1,068,275 
Bank of America Corp.   51,209    1,941,845 
Bank of New York Mellon Corp.   13,000    749,060 
Charles Schwab Corp.   79,372    5,741,770 
Chubb Ltd.   30,526    7,910,202 
Citigroup, Inc.   58,840    3,721,042 
Equitable Holdings, Inc.   158,457    6,022,951 
Fifth Third Bancorp   124,234    4,622,747 
Fiserv, Inc. (a)   27,353    4,371,556 
Goldman Sachs Group, Inc.   2,856    1,192,923 
Hartford Financial Services Group, Inc.   45,169    4,654,665 
Huntington Bancshares, Inc.   255,640    3,566,178 
JP Morgan Chase & Co.   23,868    4,780,760 
Loews Corp.   48,040    3,761,052 
MetLife, Inc.   75,506    5,595,750 
Morgan Stanley   14,629    1,377,467 
US Bancorp   82,804    3,701,339 
Wells Fargo & Co.   184,573    10,697,851 
         84,224,891 
Health Care — 15.8%          
AbbVie, Inc.   10,391    1,892,201 
AstraZeneca PLC Sponsored ADR   37,861    2,565,083 
Becton Dickinson & Co.   24,674    6,105,581 
Biogen, Inc. (a)   4,900    1,056,587 
Bristol-Myers Squibb Co.   24,000    1,301,520 
Cardinal Health, Inc.   4,918    550,324 
Centene Corp. (a)   10,044    788,253 
Cigna Group   12,530    4,550,771 
CVS Health Corp.   51,313    4,092,725 
Elevance Health, Inc.   17,184    8,910,591 
GE HealthCare Technologies, Inc. (a)   16,864    1,533,106 
Humana, Inc.   800    277,376 
Johnson & Johnson   24,791    3,921,688 
Medtronic PLC   35,045    3,054,172 
Merck & Co., Inc.   27,466    3,624,139 
Pfizer, Inc.   82,247    2,282,354 
Sanofi SA   21,738    2,132,875 
Sanofi SA ADR   6,897    335,194 
Viatris, Inc.   224,707    2,683,002 
Zimmer Biomet Holdings, Inc.   39,231    5,177,708 
         56,835,250 
Industrials — 12.3%          
3M Co.   8,387    889,609 
Boeing Co. (a)   23,056    4,449,577 
Cummins, Inc.   6,400    1,885,760 
Flowserve Corp.   1,010    46,137 
General Electric Co.   49,854    8,750,873 
Honeywell International, Inc.   5,000    1,026,250 
L3Harris Technologies, Inc.   28,738    6,124,068 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Norfolk Southern Corp.   10,900   $2,778,083 
Siemens AG Sponsored ADR   48,016    4,582,167 
Southwest Airlines Co.   100,203    2,924,926 
Stanley Black & Decker, Inc.   50,114    4,907,664 
Stericycle, Inc. (a)   20,663    1,089,973 
Union Pacific Corp.   6,969    1,713,886 
United Parcel Service, Inc. Class B   22,599    3,358,889 
         44,527,862 
Information Technology — 9.4%          
Accenture PLC Class A   5,059    1,753,500 
Advanced Micro Devices, Inc. (a)   1,600    288,784 
Applied Materials, Inc.   22,787    4,699,363 
Cisco Systems, Inc.   12,794    638,549 
Intel Corp.   27,800    1,227,926 
Microsoft Corp.   14,300    6,016,296 
QUALCOMM, Inc.   63,534    10,756,306 
Samsung Electronics Co. Ltd.   57,811    3,461,423 
TE Connectivity Ltd.   14,863    2,158,702 
Texas Instruments, Inc.   17,522    3,052,508 
         34,053,357 
Materials — 3.0%          
CF Industries Holdings, Inc.   73,925    6,151,299 
International Flavors & Fragrances, Inc.   7,592    652,836 
International Paper Co.   103,127    4,024,016 
         10,828,151 
Real Estate — 4.1%          
Equity Residential   76,287    4,814,473 
Rayonier, Inc.   88,780    2,951,047 
Rexford Industrial Realty, Inc.   15,845    797,004 
Vornado Realty Trust   5,843    168,103 
Weyerhaeuser Co.   165,884    5,956,894 
         14,687,521 
Utilities — 5.9%          
Ameren Corp.   34,296    2,536,532 
Dominion Energy, Inc.   86,744    4,266,938 
NextEra Energy, Inc.   39,087    2,498,050 
NiSource, Inc.   20,724    573,226 
PG&E Corp.   31,053    520,448 
Sempra   35,857    2,575,608 
Southern Co.   114,278    8,198,304 
         21,169,106 
           
TOTAL COMMON STOCK
(Cost $260,461,226)
        354,455,521 
           
PREFERRED STOCK — 0.8%          
Consumer Discretionary — 0.6%          
Dr Ing hc F Porsche AG 1.094% (c)   23,401    2,329,418 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Utilities — 0.2%          
NextEra Energy, Inc. Convertible 6.926% 6.926% (b)   15,955   $621,128 
           
TOTAL PREFERRED STOCK
(Cost $3,005,058)
        2,950,546 
           
TOTAL EQUITIES
(Cost $263,466,284)
        357,406,067 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $263,466,284)
        357,406,067 
           
SHORT-TERM INVESTMENTS — 1.2%          
Investment of Cash Collateral from Securities Loaned — 0.5%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   1,805,085    1,805,085 
Mutual Fund — 0.0%          
T. Rowe Price Government Reserve Investment Fund   107    107 
           
   Principal
Amount
    
Repurchase Agreement — 0.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e)  $2,534,992   2,534,992 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,340,184)
        4,340,184 
           
TOTAL INVESTMENTS — 100.3%
(Cost $267,806,468) (f)
        361,746,251 
           
Other Assets/(Liabilities) — (0.3)%        (1,113,386) 
           
NET ASSETS — 100.0%       $360,632,865 

 

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 March 31, 2024, was $1,762,167 or 0.49% 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 March 31, 2024, the aggregate market value of these securities amounted to $2,329,418 or 0.65% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $2,535,442. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $2,585,704.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Equity Index Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.2%          
           
COMMON STOCK — 99.2%          
Communication Services — 8.9%          
Alphabet, Inc. Class A (a)   94,271   $14,228,322 
Alphabet, Inc. Class C (a)   78,926    12,017,273 
AT&T, Inc.   114,379    2,013,070 
Charter Communications, Inc. Class A (a)   1,580    459,195 
Comcast Corp. Class A   63,387    2,747,826 
Electronic Arts, Inc.   3,892    516,352 
Fox Corp. Class A   3,828    119,702 
Fox Corp. Class B   2,113    60,474 
Interpublic Group of Cos., Inc.   6,127    199,924 
Live Nation Entertainment, Inc. (a)   2,270    240,098 
Match Group, Inc. (a)   4,357    158,072 
Meta Platforms, Inc. Class A   35,194    17,089,502 
Netflix, Inc. (a)   6,923    4,204,546 
News Corp. Class A   6,084    159,279 
News Corp. Class B   1,834    49,628 
Omnicom Group, Inc.   3,175    307,213 
Paramount Global Class B   7,763    91,370 
T-Mobile US, Inc.   8,354    1,363,540 
Take-Two Interactive Software, Inc. (a)   2,538    376,868 
Verizon Communications, Inc.   67,256    2,822,062 
Walt Disney Co.   29,344    3,590,532 
Warner Bros Discovery, Inc. (a)   35,499    309,906 
         63,124,754 
Consumer Discretionary — 10.3%          
Airbnb, Inc. Class A (a)   6,968    1,149,441 
Amazon.com, Inc. (a)   146,228    26,376,607 
Aptiv PLC (a)   4,464    355,558 
AutoZone, Inc. (a)   277    873,007 
Bath & Body Works, Inc.   3,632    181,673 
Best Buy Co., Inc.   3,067    251,586 
Booking Holdings, Inc.   558    2,024,357 
BorgWarner, Inc.   3,676    127,704 
Caesars Entertainment, Inc. (a)   3,476    152,040 
CarMax, Inc. (a)   2,526    220,040 
Carnival Corp. (a)   16,117    263,352 
Chipotle Mexican Grill, Inc. (a)   439    1,276,072 
Darden Restaurants, Inc.   1,910    319,256 
Deckers Outdoor Corp. (a)   411    386,858 
Domino's Pizza, Inc.   558    277,259 
DR Horton, Inc.   4,777    786,055 
eBay, Inc.   8,313    438,760 
Etsy, Inc. (a)   1,921    132,011 
Expedia Group, Inc. (a)   2,092    288,173 
Ford Motor Co.   62,433    829,110 
Garmin Ltd.   2,449    364,583 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
General Motors Co.   18,468   $837,524 
Genuine Parts Co.   2,243    347,508 
Hasbro, Inc.   2,101    118,748 
Hilton Worldwide Holdings, Inc.   4,034    860,492 
Home Depot, Inc.   15,921    6,107,296 
Las Vegas Sands Corp.   5,907    305,392 
Lennar Corp. Class A   3,954    680,009 
LKQ Corp.   4,281    228,648 
Lowe's Cos., Inc.   9,200    2,343,516 
Lululemon Athletica, Inc. (a)   1,837    717,624 
Marriott International, Inc. Class A   3,946    995,615 
McDonald's Corp.   11,603    3,271,466 
MGM Resorts International (a)   4,395    207,488 
Mohawk Industries, Inc. (a)   850    111,256 
NIKE, Inc. Class B   19,472    1,829,979 
Norwegian Cruise Line Holdings Ltd. (a) (b)   6,806    142,450 
NVR, Inc. (a)   51    413,098 
O'Reilly Automotive, Inc. (a)   945    1,066,792 
Pool Corp.   620    250,170 
PulteGroup, Inc.   3,393    409,264 
Ralph Lauren Corp.   625    117,350 
Ross Stores, Inc.   5,386    790,449 
Royal Caribbean Cruises Ltd. (a)   3,774    524,624 
Starbucks Corp.   18,112    1,655,256 
Tapestry, Inc.   3,669    174,204 
Tesla, Inc. (a)   44,324    7,791,716 
TJX Cos., Inc.   18,232    1,849,089 
Tractor Supply Co.   1,730    452,776 
Ulta Beauty, Inc. (a)   777    406,278 
VF Corp.   5,321    81,624 
Wynn Resorts Ltd.   1,524    155,798 
Yum! Brands, Inc.   4,500    623,925 
         72,940,926 
Consumer Staples — 5.9%          
Altria Group, Inc.   28,210    1,230,520 
Archer-Daniels-Midland Co.   8,533    535,958 
Brown-Forman Corp. Class B   2,893    149,337 
Bunge Global SA   2,316    237,436 
Campbell Soup Co.   3,135    139,351 
Church & Dwight Co., Inc.   3,941    411,086 
Clorox Co.   1,985    303,923 
Coca-Cola Co.   62,246    3,808,210 
Colgate-Palmolive Co.   13,172    1,186,139 
Conagra Brands, Inc.   7,647    226,657 
Constellation Brands, Inc. Class A   2,573    699,238 
Costco Wholesale Corp.   7,098    5,200,208 
Dollar General Corp.   3,515    548,551 
Dollar Tree, Inc. (a)   3,311    440,860 
Estee Lauder Cos., Inc. Class A   3,725    574,209 
General Mills, Inc.   9,085    635,677 
Hershey Co.   2,398    466,411 
Hormel Foods Corp.   4,636    161,750 
J. M. Smucker Co.   1,698    213,727 
Kellanova   4,219    241,706 
Kenvue, Inc.   27,571    591,674 
Keurig Dr Pepper, Inc.   16,661    510,993 
Kimberly-Clark Corp.   5,389    697,067 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Kraft Heinz Co.   12,754   $470,623 
Kroger Co.   10,590    605,007 
Lamb Weston Holdings, Inc.   2,310    246,084 
McCormick & Co., Inc.   4,022    308,930 
Molson Coors Beverage Co. Class B   2,962    199,194 
Mondelez International, Inc. Class A   21,540    1,507,800 
Monster Beverage Corp. (a)   11,817    700,512 
PepsiCo, Inc.   21,987    3,847,945 
Philip Morris International, Inc.   24,835    2,275,383 
Procter & Gamble Co.   37,642    6,107,414 
Sysco Corp.   7,964    646,518 
Target Corp.   7,385    1,308,696 
Tyson Foods, Inc. Class A   4,581    269,042 
Walgreens Boots Alliance, Inc.   11,450    248,350 
Walmart, Inc.   68,478    4,120,321 
         42,072,507 
Energy — 3.9%          
APA Corp.   5,778    198,648 
Baker Hughes Co.   16,011    536,369 
Chevron Corp.   27,746    4,376,654 
ConocoPhillips   18,846    2,398,719 
Coterra Energy, Inc.   12,075    336,651 
Devon Energy Corp.   10,249    514,295 
Diamondback Energy, Inc.   2,863    567,361 
EOG Resources, Inc.   9,329    1,192,619 
EQT Corp.   6,538    242,364 
Exxon Mobil Corp.   63,525    7,384,146 
Halliburton Co.   14,239    561,301 
Hess Corp.   4,403    672,074 
Kinder Morgan, Inc.   30,935    567,348 
Marathon Oil Corp.   9,362    265,319 
Marathon Petroleum Corp.   5,887    1,186,230 
Occidental Petroleum Corp.   10,529    684,280 
ONEOK, Inc.   9,319    747,104 
Phillips 66   6,879    1,123,616 
Pioneer Natural Resources Co.   3,737    980,962 
Schlumberger NV   22,834    1,251,532 
Targa Resources Corp.   3,567    399,468 
Valero Energy Corp.   5,446    929,578 
Williams Cos., Inc.   19,460    758,356 
         27,874,994 
Financials — 13.0%          
Aflac, Inc.   8,421    723,027 
Allstate Corp.   4,199    726,469 
American Express Co.   9,148    2,082,908 
American International Group, Inc.   11,231    877,927 
Ameriprise Financial, Inc.   1,603    702,819 
Aon PLC Class A   3,203    1,068,905 
Arch Capital Group Ltd. (a)   5,935    548,631 
Arthur J Gallagher & Co.   3,468    867,139 
Assurant, Inc.   831    156,427 
Bank of America Corp.   110,139    4,176,471 
Bank of New York Mellon Corp.   12,147    699,910 
Berkshire Hathaway, Inc. Class B (a)   29,106    12,239,655 
BlackRock, Inc.   2,237    1,864,987 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Blackstone, Inc.   11,508   $1,511,806 
Brown & Brown, Inc.   3,779    330,814 
Capital One Financial Corp.   6,085    905,996 
Cboe Global Markets, Inc.   1,689    310,320 
Charles Schwab Corp.   23,807    1,722,198 
Chubb Ltd.   6,483    1,679,940 
Cincinnati Financial Corp.   2,512    311,915 
Citigroup, Inc.   30,444    1,925,279 
Citizens Financial Group, Inc.   7,456    270,578 
CME Group, Inc.   5,759    1,239,855 
Comerica, Inc.   2,122    116,689 
Corpay, Inc. (a)   1,150    354,821 
Discover Financial Services   4,000    524,360 
Everest Group Ltd.   695    276,262 
FactSet Research Systems, Inc.   610    277,178 
Fidelity National Information Services, Inc.   9,478    703,078 
Fifth Third Bancorp   10,896    405,440 
Fiserv, Inc. (a)   9,601    1,534,432 
Franklin Resources, Inc.   4,801    134,956 
Global Payments, Inc.   4,165    556,694 
Globe Life, Inc.   1,366    158,961 
Goldman Sachs Group, Inc.   5,217    2,179,089 
Hartford Financial Services Group, Inc.   4,775    492,064 
Huntington Bancshares, Inc.   23,169    323,208 
Intercontinental Exchange, Inc.   9,160    1,258,859 
Invesco Ltd.   7,191    119,299 
Jack Henry & Associates, Inc.   1,166    202,569 
JP Morgan Chase & Co.   46,248    9,263,474 
KeyCorp.   14,982    236,865 
Loews Corp.   2,922    228,763 
M&T Bank Corp.   2,658    386,579 
MarketAxess Holdings, Inc.   609    133,523 
Marsh & McLennan Cos., Inc.   7,871    1,621,269 
Mastercard, Inc. Class A   13,198    6,355,761 
MetLife, Inc.   9,820    727,760 
Moody's Corp.   2,518    989,650 
Morgan Stanley   20,041    1,887,061 
MSCI, Inc.   1,265    708,969 
Nasdaq, Inc.   6,079    383,585 
Northern Trust Corp.   3,281    291,747 
PayPal Holdings, Inc. (a)   17,145    1,148,544 
PNC Financial Services Group, Inc.   6,367    1,028,907 
Principal Financial Group, Inc.   3,509    302,862 
Progressive Corp.   9,363    1,936,456 
Prudential Financial, Inc.   5,775    677,985 
Raymond James Financial, Inc.   3,009    386,416 
Regions Financial Corp.   14,781    310,992 
S&P Global, Inc.   5,140    2,186,813 
State Street Corp.   4,830    373,456 
Synchrony Financial   6,508    280,625 
T. Rowe Price Group, Inc.   3,582    436,717 
Travelers Cos., Inc.   3,651    840,241 
Truist Financial Corp.   21,336    831,677 
US Bancorp   24,908    1,113,388 
Visa, Inc. Class A   25,301    7,061,003 
W. R. Berkley Corp.   3,248    287,253 
Wells Fargo & Co.   57,571    3,336,815 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Willis Towers Watson PLC   1,640   $451,000 
         92,768,091 
Health Care — 12.3%          
Abbott Laboratories   27,772    3,156,565 
AbbVie, Inc.   28,244    5,143,232 
Agilent Technologies, Inc.   4,688    682,151 
Align Technology, Inc. (a)   1,139    373,501 
Amgen, Inc.   8,558    2,433,211 
Baxter International, Inc.   8,124    347,220 
Becton Dickinson & Co.   4,622    1,143,714 
Bio-Rad Laboratories, Inc. Class A (a)   335    115,866 
Bio-Techne Corp.   2,515    177,031 
Biogen, Inc. (a)   2,318    499,830 
Boston Scientific Corp. (a)   23,436    1,605,132 
Bristol-Myers Squibb Co.   32,550    1,765,186 
Cardinal Health, Inc.   3,891    435,403 
Catalent, Inc. (a)   2,891    163,197 
Cencora, Inc.   2,649    643,680 
Centene Corp. (a)   8,550    671,004 
Charles River Laboratories International, Inc. (a)   821    222,450 
Cigna Group   4,679    1,699,366 
The Cooper Cos., Inc.   3,179    322,541 
CVS Health Corp.   20,132    1,605,728 
Danaher Corp.   10,520    2,627,054 
DaVita, Inc. (a)   866    119,551 
DENTSPLY SIRONA, Inc.   3,389    112,481 
Dexcom, Inc. (a)   6,167    855,363 
Edwards Lifesciences Corp. (a)   9,702    927,123 
Elevance Health, Inc.   3,759    1,949,192 
Eli Lilly & Co.   12,756    9,923,658 
GE HealthCare Technologies, Inc. (a)   6,774    615,824 
Gilead Sciences, Inc.   19,932    1,460,019 
HCA Healthcare, Inc.   3,169    1,056,957 
Henry Schein, Inc. (a)   2,079    157,006 
Hologic, Inc. (a)   3,755    292,740 
Humana, Inc.   1,955    677,838 
IDEXX Laboratories, Inc. (a)   1,329    717,567 
Illumina, Inc. (a)   2,540    348,793 
Incyte Corp. (a)   2,976    169,543 
Insulet Corp. (a)   1,117    191,454 
Intuitive Surgical, Inc. (a)   5,636    2,249,271 
IQVIA Holdings, Inc. (a)   2,919    738,186 
Johnson & Johnson   38,510    6,091,897 
Laboratory Corp. of America Holdings   1,358    296,669 
McKesson Corp.   2,102    1,128,459 
Medtronic PLC   21,271    1,853,768 
Merck & Co., Inc.   40,537    5,348,857 
Mettler-Toledo International, Inc. (a)   344    457,964 
Moderna, Inc. (a)   5,316    566,473 
Molina Healthcare, Inc. (a)   928    381,250 
Pfizer, Inc.   90,326    2,506,546 
Quest Diagnostics, Inc.   1,776    236,403 
Regeneron Pharmaceuticals, Inc. (a)   1,690    1,626,608 
ResMed, Inc.   2,355    466,361 
Revvity, Inc.   1,979    207,795 
STERIS PLC   1,585    356,340 
Stryker Corp.   5,409    1,935,719 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Teleflex, Inc.   752   $170,080 
Thermo Fisher Scientific, Inc.   6,181    3,592,459 
UnitedHealth Group, Inc.   14,796    7,319,581 
Universal Health Services, Inc. Class B   976    178,081 
Vertex Pharmaceuticals, Inc. (a)   4,122    1,723,037 
Viatris, Inc.   19,191    229,140 
Waters Corp. (a)   946    325,642 
West Pharmaceutical Services, Inc.   1,184    468,521 
Zimmer Biomet Holdings, Inc.   3,343    441,209 
Zoetis, Inc.   7,344    1,242,678 
         87,547,165 
Industrials — 8.7%          
3M Co.   8,842    937,871 
A.O. Smith Corp.   1,956    174,984 
Allegion PLC   1,404    189,133 
American Airlines Group, Inc. (a)   10,466    160,653 
AMETEK, Inc.   3,692    675,267 
Automatic Data Processing, Inc.   6,571    1,641,042 
Axon Enterprise, Inc. (a)   1,127    352,616 
Boeing Co. (a)   9,175    1,770,683 
Broadridge Financial Solutions, Inc.   1,887    386,571 
Builders FirstSource, Inc. (a)   1,969    410,635 
C.H. Robinson Worldwide, Inc.   1,866    142,077 
Carrier Global Corp.   13,365    776,907 
Caterpillar, Inc.   8,144    2,984,206 
Cintas Corp.   1,378    946,727 
Copart, Inc. (a)   13,978    809,606 
CSX Corp.   31,612    1,171,857 
Cummins, Inc.   2,180    642,337 
Dayforce, Inc. (a)   2,513    166,386 
Deere & Co.   4,166    1,711,143 
Delta Air Lines, Inc.   10,244    490,380 
Dover Corp.   2,238    396,551 
Eaton Corp. PLC   6,388    1,997,400 
Emerson Electric Co.   9,146    1,037,339 
Equifax, Inc.   1,972    527,549 
Expeditors International of Washington, Inc.   2,326    282,772 
Fastenal Co.   9,154    706,140 
FedEx Corp.   3,678    1,065,664 
Fortive Corp.   5,610    482,572 
Generac Holdings, Inc. (a)   983    123,996 
General Dynamics Corp.   3,632    1,026,004 
General Electric Co.   17,410    3,055,977 
Honeywell International, Inc.   10,546    2,164,566 
Howmet Aerospace, Inc.   6,257    428,166 
Hubbell, Inc.   858    356,113 
Huntington Ingalls Industries, Inc.   633    184,501 
IDEX Corp.   1,210    295,264 
Illinois Tool Works, Inc.   4,350    1,167,235 
Ingersoll Rand, Inc.   6,476    614,896 
Jacobs Solutions, Inc.   2,018    310,227 
JB Hunt Transport Services, Inc.   1,304    259,822 
Johnson Controls International PLC   10,909    712,576 
L3Harris Technologies, Inc.   3,032    646,119 
Leidos Holdings, Inc.   2,200    288,398 
Lockheed Martin Corp.   3,440    1,564,753 
Masco Corp.   3,516    277,342 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Nordson Corp.   868   $238,301 
Norfolk Southern Corp.   3,613    920,845 
Northrop Grumman Corp.   2,256    1,079,857 
Old Dominion Freight Line, Inc.   2,862    627,665 
Otis Worldwide Corp.   6,486    643,865 
PACCAR, Inc.   8,368    1,036,712 
Parker-Hannifin Corp.   2,054    1,141,593 
Paychex, Inc.   5,123    629,104 
Paycom Software, Inc.   769    153,039 
Pentair PLC   2,644    225,903 
Quanta Services, Inc.   2,324    603,775 
Republic Services, Inc.   3,272    626,392 
Robert Half, Inc.   1,666    132,080 
Rockwell Automation, Inc.   1,833    534,008 
Rollins, Inc.   4,491    207,799 
RTX Corp.   21,225    2,070,074 
Snap-on, Inc.   844    250,010 
Southwest Airlines Co.   9,545    278,619 
Stanley Black & Decker, Inc.   2,453    240,222 
Textron, Inc.   3,145    301,700 
Trane Technologies PLC   3,640    1,092,728 
TransDigm Group, Inc.   891    1,097,356 
Uber Technologies, Inc. (a)   32,920    2,534,511 
Union Pacific Corp.   9,755    2,399,047 
United Airlines Holdings, Inc. (a)   5,247    251,226 
United Parcel Service, Inc. Class B   11,570    1,719,649 
United Rentals, Inc.   1,075    775,193 
Veralto Corp.   3,508    311,019 
Verisk Analytics, Inc.   2,319    546,658 
W.W. Grainger, Inc.   707    719,231 
Waste Management, Inc.   5,863    1,249,698 
Westinghouse Air Brake Technologies Corp.   2,866    417,519 
Xylem, Inc.   3,857    498,479 
         62,066,900 
Information Technology — 29.3%          
Accenture PLC Class A   10,030    3,476,498 
Adobe, Inc. (a)   7,231    3,648,763 
Advanced Micro Devices, Inc. (a)   25,848    4,665,305 
Akamai Technologies, Inc. (a)   2,413    262,438 
Amphenol Corp. Class A   9,596    1,106,899 
Analog Devices, Inc.   7,932    1,568,870 
ANSYS, Inc. (a)   1,390    482,552 
Apple, Inc.   232,204    39,818,342 
Applied Materials, Inc.   13,311    2,745,127 
Arista Networks, Inc. (a)   4,031    1,168,909 
Autodesk, Inc. (a)   3,422    891,157 
Broadcom, Inc.   7,040    9,330,886 
Cadence Design Systems, Inc. (a)   4,352    1,354,691 
CDW Corp.   2,143    548,137 
Cisco Systems, Inc.   65,004    3,244,350 
Cognizant Technology Solutions Corp. Class A   7,967    583,901 
Corning, Inc.   12,284    404,881 
Enphase Energy, Inc. (a)   2,172    262,769 
EPAM Systems, Inc. (a)   923    254,896 
F5, Inc. (a)   941    178,404 
Fair Isaac Corp. (a)   398    497,345 
First Solar, Inc. (a)   1,709    288,479 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Fortinet, Inc. (a)   10,196   $696,489 
Gartner, Inc. (a)   1,247    594,407 
Gen Digital, Inc.   8,964    200,794 
Hewlett Packard Enterprise Co.   20,796    368,713 
HP, Inc.   13,949    421,539 
Intel Corp.   67,636    2,987,482 
International Business Machines Corp.   14,638    2,795,272 
Intuit, Inc.   4,478    2,910,700 
Jabil, Inc.   2,036    272,722 
Juniper Networks, Inc.   5,150    190,859 
Keysight Technologies, Inc. (a)   2,794    436,926 
KLA Corp.   2,163    1,511,007 
Lam Research Corp.   2,097    2,037,382 
Microchip Technology, Inc.   8,645    775,543 
Micron Technology, Inc.   17,659    2,081,819 
Microsoft Corp.   118,866    50,009,303 
Monolithic Power Systems, Inc.   768    520,259 
Motorola Solutions, Inc.   2,655    942,472 
NetApp, Inc.   3,296    345,981 
NVIDIA Corp.   39,513    35,702,366 
NXP Semiconductors NV   4,123    1,021,556 
ON Semiconductor Corp. (a)   6,836    502,788 
Oracle Corp.   25,505    3,203,683 
Palo Alto Networks, Inc. (a)   5,044    1,433,152 
PTC, Inc. (a)   1,912    361,253 
Qorvo, Inc. (a)   1,544    177,297 
QUALCOMM, Inc.   17,853    3,022,513 
Roper Technologies, Inc.   1,709    958,476 
Salesforce, Inc.   15,485    4,663,772 
Seagate Technology Holdings PLC   3,122    290,502 
ServiceNow, Inc. (a)   3,279    2,499,910 
Skyworks Solutions, Inc.   2,563    277,624 
Super Micro Computer, Inc. (a)   805    813,074 
Synopsys, Inc. (a)   2,440    1,394,460 
TE Connectivity Ltd.   4,940    717,486 
Teledyne Technologies, Inc. (a)   755    324,137 
Teradyne, Inc.   2,446    275,982 
Texas Instruments, Inc.   14,546    2,534,059 
Trimble, Inc. (a)   3,980    256,153 
Tyler Technologies, Inc. (a)   674    286,457 
VeriSign, Inc. (a)   1,412    267,588 
Western Digital Corp. (a)   5,187    353,961 
Zebra Technologies Corp. Class A (a)   822    247,784 
         208,469,301 
Materials — 2.4%          
Air Products & Chemicals, Inc.   3,556    861,512 
Albemarle Corp. (b)   1,877    247,276 
Amcor PLC   23,153    220,185 
Avery Dennison Corp.   1,288    287,546 
Ball Corp.   5,044    339,764 
Celanese Corp.   1,602    275,320 
CF Industries Holdings, Inc.   3,056    254,290 
Corteva, Inc.   11,227    647,461 
Dow, Inc.   11,235    650,843 
DuPont de Nemours, Inc.   6,881    527,566 
Eastman Chemical Co.   1,876    188,013 
Ecolab, Inc.   4,060    937,454 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
FMC Corp.   1,996   $127,145 
Freeport-McMoRan, Inc.   22,939    1,078,592 
International Flavors & Fragrances, Inc.   4,084    351,183 
International Paper Co.   5,535    215,976 
Linde PLC   7,757    3,601,730 
LyondellBasell Industries NV Class A   4,095    418,836 
Martin Marietta Materials, Inc.   989    607,187 
Mosaic Co.   5,215    169,279 
Newmont Corp.   18,437    660,782 
Nucor Corp.   3,933    778,341 
Packaging Corp. of America   1,428    271,006 
PPG Industries, Inc.   3,772    546,563 
Sherwin-Williams Co.   3,767    1,308,392 
Steel Dynamics, Inc.   2,433    360,643 
Vulcan Materials Co.   2,126    580,228 
Westrock Co.   4,111    203,289 
         16,716,402 
Real Estate — 2.3%          
Alexandria Real Estate Equities, Inc.   2,518    324,595 
American Tower Corp.   7,457    1,473,429 
AvalonBay Communities, Inc.   2,269    421,036 
Boston Properties, Inc.   2,313    151,062 
Camden Property Trust   1,708    168,067 
CBRE Group, Inc. Class A (a)   4,757    462,571 
CoStar Group, Inc. (a)   6,533    631,088 
Crown Castle, Inc.   6,938    734,249 
Digital Realty Trust, Inc.   4,845    697,874 
Equinix, Inc.   1,502    1,239,646 
Equity Residential   5,530    348,998 
Essex Property Trust, Inc.   1,027    251,420 
Extra Space Storage, Inc.   3,380    496,860 
Federal Realty Investment Trust   1,175    119,991 
Healthpeak Properties, Inc.   11,394    213,637 
Host Hotels & Resorts, Inc.   11,271    233,084 
Invitation Homes, Inc.   9,202    327,683 
Iron Mountain, Inc.   4,671    374,661 
Kimco Realty Corp.   10,656    208,964 
Mid-America Apartment Communities, Inc.   1,867    245,660 
Prologis, Inc.   14,781    1,924,782 
Public Storage   2,532    734,432 
Realty Income Corp.   13,304    719,746 
Regency Centers Corp.   2,628    159,152 
SBA Communications Corp.   1,726    374,024 
Simon Property Group, Inc.   5,214    815,939 
UDR, Inc.   4,841    181,102 
Ventas, Inc.   6,437    280,267 
VICI Properties, Inc.   16,550    493,024 
Welltower, Inc.   8,854    827,318 
Weyerhaeuser Co.   11,674    419,213 
         16,053,574 
Utilities — 2.2%          
AES Corp.   10,712    192,066 
Alliant Energy Corp.   4,075    205,380 
Ameren Corp.   4,206    311,076 
American Electric Power Co., Inc.   8,412    724,273 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
American Water Works Co., Inc.   3,115   $380,684 
Atmos Energy Corp.   2,413    286,833 
CenterPoint Energy, Inc.   10,098    287,692 
CMS Energy Corp.   4,729    285,348 
Consolidated Edison, Inc.   5,523    501,544 
Constellation Energy Corp.   5,109    944,399 
Dominion Energy, Inc.   13,386    658,457 
DTE Energy Co.   3,303    370,398 
Duke Energy Corp.   12,334    1,192,821 
Edison International   6,132    433,716 
Entergy Corp.   3,383    357,515 
Evergy, Inc.   3,675    196,172 
Eversource Energy   5,588    333,995 
Exelon Corp.   15,924    598,265 
FirstEnergy Corp.   8,261    319,040 
NextEra Energy, Inc.   32,821    2,097,590 
NiSource, Inc.   6,613    182,916 
NRG Energy, Inc.   3,612    244,496 
PG&E Corp.   34,130    572,019 
Pinnacle West Capital Corp.   1,814    135,560 
PPL Corp.   11,792    324,634 
Public Service Enterprise Group, Inc.   7,972    532,370 
Sempra   10,067    723,113 
Southern Co.   17,447    1,251,648 
WEC Energy Group, Inc.   5,050    414,706 
Xcel Energy, Inc.   8,827    474,451 
         15,533,177 
           
TOTAL COMMON STOCK
(Cost $324,232,082)
        705,167,791 
           
TOTAL EQUITIES
(Cost $324,232,082)
        705,167,791 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $324,232,082)
        705,167,791 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.7%          
           
Repurchase Agreement — 0.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (c)  $4,932,522   4,932,522 
U.S. Treasury Bill — 0.0%          
U.S. Treasury Bills          
5.320% 4/11/24 (d) (e)   10,000    9,981 
5.331% 4/11/24 (d) (e)   10,000    9,981 
5.341% 4/11/24 (d) (e)   10,000    9,981 
5.345% 4/11/24 (d) (e)   185,000    184,650 
5.386% 4/11/24 (d) (e)   20,000    19,962 
5.413% 4/11/24 (d) (e)   5,000    4,991 
5.505% 4/11/24 (d) (e)   55,000    54,896 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
5.524% 4/11/24 (d) (e)  $5,000   $4,991 
         299,433 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,232,085)
        5,231,955 
           
TOTAL INVESTMENTS — 99.9%
(Cost $329,464,167) (f)
        710,399,746 
           
Other Assets/(Liabilities) — 0.1%        454,094 
           
NET ASSETS — 100.0%       $710,853,840 

 

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 March 31, 2024, was $191,857 or 0.03% of net assets. The Fund received $198,795 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 $4,933,399. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $5,031,196.
(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  6/21/24   21   $5,443,063   $130,862 

 

 

 

MML Focused Equity Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 97.0%          
           
COMMON STOCK — 97.0%          
Consumer Discretionary — 12.0%          
McDonald's Corp.   41,205   $11,617,750 
NIKE, Inc. Class B   79,492    7,470,658 
TJX Cos., Inc.   157,862    16,010,364 
         35,098,772 
Consumer Staples — 13.4%          
Coca-Cola Co.   80,686    4,936,369 
Colgate-Palmolive Co.   120,504    10,851,385 
PepsiCo, Inc.   67,004    11,726,370 
Procter & Gamble Co.   72,430    11,751,768 
         39,265,892 
Financials — 20.0%          
American Express Co.   66,232    15,080,364 
Chubb Ltd.   45,796    11,867,117 
Marsh & McLennan Cos., Inc.   58,159    11,979,591 
Mastercard, Inc. Class A   12,819    6,173,246 
Visa, Inc. Class A   48,171    13,443,563 
         58,543,881 
Health Care — 16.3%          
Danaher Corp.   59,195    14,782,175 
Medtronic PLC   79,999    6,971,913 
Stryker Corp.   33,189    11,877,347 
UnitedHealth Group, Inc.   28,401    14,049,975 
         47,681,410 
Industrials — 12.7%          
Honeywell International, Inc.   58,001    11,904,705 
Lockheed Martin Corp.   10,572    4,808,886 
Northrop Grumman Corp.   30,765    14,725,975 
Union Pacific Corp.   23,148    5,692,788 
         37,132,354 
Information Technology — 13.3%          
Accenture PLC Class A   33,203    11,508,492 
Microsoft Corp.   34,672    14,587,204 
Texas Instruments, Inc.   74,900    13,048,329 
         39,144,025 
Materials — 4.7%          
Linde PLC   30,034    13,945,387 
Real Estate — 4.6%          
American Tower Corp.   68,938    13,621,459 
           
TOTAL COMMON STOCK
(Cost $229,315,315)
        284,433,180 
           
TOTAL EQUITIES
(Cost $229,315,315)
        284,433,180 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $229,315,315)
        284,433,180 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 2.2%          
           
Repurchase Agreement — 2.2%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (a)  $6,361,775   6,361,775 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $6,361,775)
        6,361,775 
           
TOTAL INVESTMENTS — 99.2%
(Cost $235,677,090) (b)
        290,794,955 
           
Other Assets/(Liabilities) — 0.8%        2,397,856 
           
NET ASSETS — 100.0%       $293,192,811 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Maturity value of $6,362,906. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $6,489,034.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Foreign Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.9%          
           
COMMON STOCK — 98.3%          
Australia — 4.7%          
BHP Group Ltd.   22,900   $661,333 
Glencore PLC   283,000    1,556,910 
Macquarie Group Ltd.   16,000    2,082,419 
Santos Ltd.   399,800    2,019,319 
Sonic Healthcare Ltd.   57,600    1,103,857 
Westpac Banking Corp.   30,800    524,584 
Whitehaven Coal Ltd.   105,300    487,205 
         8,435,627 
Belgium — 3.7%          
Anheuser-Busch InBev SA   52,400    3,187,412 
Groupe Bruxelles Lambert NV   14,200    1,073,917 
KBC Group NV   22,800    1,713,109 
Liberty Global Ltd. Class C (a)   37,200    656,208 
         6,630,646 
Canada — 0.8%          
CCL Industries, Inc. Class B (b)   17,900    914,855 
TFI International, Inc. (b)   2,800    446,495 
         1,361,350 
Denmark — 0.5%          
Novo Nordisk AS Class B   7,200    922,291 
France — 9.8%          
Accor SA   41,100    1,918,577 
Amundi SA (c)   20,500    1,406,498 
Capgemini SE   10,600    2,444,283 
Cie de Saint-Gobain SA   17,500    1,357,052 
Engie SA   31,500    529,350 
Rexel SA   16,300    439,877 
Societe Generale SA   64,800    1,743,411 
Sodexo SA   16,000    1,371,864 
Teleperformance SE   5,900    572,121 
TotalEnergies SE (b)   39,100    2,688,516 
Veolia Environnement SA   90,612    2,939,708 
         17,411,257 
Germany — 10.9%          
Allianz SE Registered   6,400    1,917,984 
BASF SE   21,300    1,216,349 
Deutsche Boerse AG   8,100    1,657,343 
Deutsche Post AG Registered   46,800    2,015,370 
Heidelberg Materials AG   23,700    2,606,921 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Infineon Technologies AG   56,500   $1,920,757 
K&S AG Registered   31,500    491,333 
SAP SE   19,600    3,815,986 
Siemens AG Registered   14,100    2,691,761 
Zalando SE (a) (c)   38,400    1,097,445 
         19,431,249 
Hong Kong — 0.7%          
CK Asset Holdings Ltd.   282,200    1,162,535 
Ireland — 3.9%          
AerCap Holdings NV (a)   27,800    2,416,098 
AIB Group PLC   320,400    1,625,012 
Smurfit Kappa Group PLC   63,100    2,878,475 
         6,919,585 
Israel — 1.0%          
Check Point Software Technologies Ltd. (a)   10,900    1,787,709 
Italy — 0.3%          
Prysmian SpA   11,400    595,367 
Japan — 20.6%          
Astellas Pharma, Inc.   128,700    1,383,104 
Canon, Inc. (b)   42,800    1,274,067 
Denka Co. Ltd. (b)   7,400    115,307 
FANUC Corp.   58,500    1,636,182 
Fujitsu Ltd.   157,000    2,513,964 
Hitachi Ltd.   34,900    3,187,756 
Kyocera Corp.   153,200    2,046,233 
Nintendo Co. Ltd.   38,900    2,129,109 
Olympus Corp.   93,300    1,342,260 
ORIX Corp.   128,500    2,809,562 
Rakuten Group, Inc. (a)   288,400    1,636,536 
Renesas Electronics Corp.   84,900    1,519,570 
SBI Holdings, Inc.   91,800    2,405,983 
Seven & i Holdings Co. Ltd.   192,000    2,794,707 
Sony Group Corp.   36,700    3,145,283 
Square Enix Holdings Co. Ltd.   16,200    623,372 
Sumitomo Mitsui Financial Group, Inc.   49,800    2,911,331 
Toyota Industries Corp.   30,500    3,188,307 
         36,662,633 
Luxembourg — 0.9%          
ArcelorMittal SA   58,400    1,604,398 
Eurofins Scientific SE   1,200    76,486 
         1,680,884 
Netherlands — 5.1%          
ASML Holding NV   2,400    2,304,199 
EXOR NV   4,900    544,569 
Heineken Holding NV   22,800    1,839,384 
ING Groep NV Series N   81,900    1,348,819 
Koninklijke Philips NV (a)   18,509    371,159 
Pluxee NV (a)   16,000    472,968 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Shell PLC   67,300   $2,232,916 
         9,114,014 
Norway — 1.2%          
Aker BP ASA   65,573    1,638,773 
DNB Bank ASA   23,300    462,532 
         2,101,305 
Republic of Korea — 2.0%          
Samsung Electronics Co. Ltd.   60,700    3,634,402 
Singapore — 1.4%          
DBS Group Holdings Ltd.   92,600    2,476,790 
Sweden — 2.3%          
Essity AB Class B (b)   75,900    1,802,490 
Husqvarna AB Class B   43,000    367,976 
Skandinaviska Enskilda Banken AB Class A   108,000    1,460,752 
Volvo AB Class B (b)   20,798    563,272 
         4,194,490 
Switzerland — 3.1%          
ABB Ltd. Registered   13,200    612,648 
Cie Financiere Richemont SA Registered Class A   14,000    2,141,639 
Julius Baer Group Ltd.   16,400    946,693 
Novartis AG Registered   19,000    1,840,043 
         5,541,023 
United Kingdom — 17.1%          
Ashtead Group PLC   23,600    1,677,514 
Aviva PLC   177,076    1,111,273 
Barratt Developments PLC   135,100    812,488 
BP PLC   449,000    2,821,217 
Bunzl PLC   25,700    989,671 
Burberry Group PLC   30,800    472,518 
CK Hutchison Holdings Ltd.   461,500    2,231,129 
DCC PLC   28,500    2,074,622 
Dowlais Group PLC   325,896    320,773 
Entain PLC   80,100    805,163 
Inchcape PLC   121,700    1,113,934 
Informa PLC   76,800    805,190 
Kingfisher PLC   171,900    540,691 
Legal & General Group PLC   609,700    1,955,980 
Lloyds Banking Group PLC   4,364,100    2,856,724 
Pearson PLC   52,400    688,820 
Persimmon PLC   46,700    774,850 
Reckitt Benckiser Group PLC   36,900    2,099,203 
Smith & Nephew PLC   153,600    1,942,335 
Tesco PLC   567,005    2,121,791 
Unilever PLC   46,400    2,330,029 
         30,545,915 
United States — 8.3%          
CNH Industrial NV   140,700    1,823,472 
GSK PLC   103,300    2,218,569 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Linde PLC   3,700   $1,717,984 
Nestle SA Registered   25,100    2,665,128 
Roche Holding AG   12,800    3,267,544 
Sanofi SA   22,800    2,237,076 
Stellantis NV   30,800    875,407 
         14,805,180 
           
TOTAL COMMON STOCK
(Cost $158,971,257)
        175,414,252 
           
PREFERRED STOCK — 0.6%          
Germany — 0.6%          
Henkel AG & Co. KGaA 2.487%          
   13,200    1,060,849 
           
TOTAL PREFERRED STOCK
(Cost $1,030,124)
        1,060,849 
           
TOTAL EQUITIES
(Cost $160,001,381)
        176,475,101 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $160,001,381)
        176,475,101 
           
SHORT-TERM INVESTMENTS — 2.1%          
Investment of Cash Collateral from Securities Loaned — 2.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   3,741,838    3,741,838 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,741,838)
        3,741,838 
           
TOTAL INVESTMENTS — 101.0%
(Cost $163,743,219) (e)
        180,216,939 
           
Other Assets/(Liabilities) — (1.0)%        (1,832,598) 
           
NET ASSETS — 100.0%       $178,384,341 

 

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 March 31, 2024, was $6,560,744 or 3.68% of net assets. The Fund received $3,165,410 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 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 March 31, 2024, the aggregate market value of these securities amounted to $2,503,943 or 1.40% of net assets.
(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

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 96.6%          
           
COMMON STOCK — 96.6%          
Communication Services — 11.1%          
Alphabet, Inc. Class A (a)   39,082   $5,898,646 
Meta Platforms, Inc. Class A   8,471    4,113,348 
Netflix, Inc. (a)   1,994    1,211,016 
T-Mobile US, Inc.   6,252    1,020,452 
Verizon Communications, Inc.   65,514    2,748,968 
Walt Disney Co.   13,076    1,599,979 
         16,592,409 
Consumer Discretionary — 7.4%          
Amazon.com, Inc. (a)   32,756    5,908,527 
Aptiv PLC (a)   3,752    298,847 
Lowe's Cos., Inc.   3,149    802,145 
Mobileye Global, Inc. Class A (a) (b)   23,104    742,794 
Starbucks Corp.   14,040    1,283,115 
Tesla, Inc. (a)   2,941    516,998 
Valvoline, Inc. (a)   33,417    1,489,396 
         11,041,822 
Consumer Staples — 6.3%          
Constellation Brands, Inc. Class A   11,673    3,172,254 
Coty, Inc. Class A (a)   73,020    873,319 
Philip Morris International, Inc.   34,264    3,139,268 
Walmart, Inc.   36,122    2,173,461 
         9,358,302 
Energy — 4.0%          
Chevron Corp.   7,002    1,104,495 
Exxon Mobil Corp.   34,758    4,040,270 
Marathon Oil Corp.   30,441    862,698 
         6,007,463 
Financials — 14.2%          
American Express Co.   13,442    3,060,609 
American International Group, Inc.   32,201    2,517,152 
Arthur J Gallagher & Co.   4,611    1,152,934 
Charles Schwab Corp.   33,322    2,410,514 
Equitable Holdings, Inc.   50,847    1,932,695 
Fiserv, Inc. (a)   14,543    2,324,262 
JP Morgan Chase & Co.   18,558    3,717,167 
M&T Bank Corp.   4,306    626,265 
Mastercard, Inc. Class A   4,372    2,105,424 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Wells Fargo & Co.   23,924   $1,386,635 
         21,233,657 
Health Care — 14.2%          
Becton Dickinson & Co.   5,782    1,430,756 
Biogen, Inc. (a)   2,558    551,582 
Boston Scientific Corp. (a)   21,333    1,461,097 
Eli Lilly & Co.   3,287    2,557,154 
Gilead Sciences, Inc.   23,192    1,698,814 
HCA Healthcare, Inc.   5,635    1,879,442 
Lonza Group AG Registered   2,739    1,639,950 
Merck & Co., Inc.   19,699    2,599,283 
Tenet Healthcare Corp. (a)   14,723    1,547,535 
UnitedHealth Group, Inc.   6,221    3,077,529 
Zimmer Biomet Holdings, Inc.   21,140    2,790,057 
         21,233,199 
Industrials — 8.8%          
Emerson Electric Co.   19,249    2,183,222 
Equifax, Inc.   8,301    2,220,683 
Hubbell, Inc.   4,532    1,881,007 
Huntington Ingalls Industries, Inc.   2,516    733,339 
Otis Worldwide Corp.   11,123    1,104,180 
Paylocity Holding Corp. (a)   6,334    1,088,561 
Uber Technologies, Inc. (a)   16,704    1,286,041 
United Parcel Service, Inc. Class B   17,503    2,601,471 
         13,098,504 
Information Technology — 25.7%          
Amdocs Ltd.   14,458    1,306,569 
Apple, Inc.   39,411    6,758,198 
Applied Materials, Inc.   14,056    2,898,769 
Autodesk, Inc. (a)   5,821    1,515,905 
Dell Technologies, Inc. Class C   6,537    745,937 
Microsoft Corp.   27,619    11,619,866 
NVIDIA Corp.   9,105    8,226,914 
ServiceNow, Inc. (a)   3,342    2,547,941 
Texas Instruments, Inc.   7,844    1,366,503 
Tyler Technologies, Inc. (a)   3,020    1,283,530 
         38,270,132 
Materials — 1.5%          
CRH PLC   9,520    821,195 
DuPont de Nemours, Inc.   17,403    1,334,288 
         2,155,483 
Real Estate — 1.7%          
Prologis, Inc.   19,555    2,546,452 
Utilities — 1.7%          
Ameren Corp.   7,801    576,962 
Atmos Energy Corp.   8,919    1,060,201 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
FirstEnergy Corp.   22,040   $851,185 
         2,488,348 
           
TOTAL COMMON STOCK
(Cost $111,727,945)
        144,025,771 
           
TOTAL EQUITIES
(Cost $111,727,945)
        144,025,771 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $111,727,945)
        144,025,771 
           
SHORT-TERM INVESTMENTS — 3.0%          
Investment of Cash Collateral from Securities Loaned — 0.5%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   762,432   762,432 
           
   Principal
Amount
    
Repurchase Agreement — 2.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d)  $3,752,079   3,752,079 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,514,511)
        4,514,511 
           
TOTAL INVESTMENTS — 99.6%
(Cost $116,242,456) (e)
        148,540,282 
           
Other Assets/(Liabilities) — 0.4%        646,250 
           
NET ASSETS — 100.0%       $149,186,532 

 

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 March 31, 2024, was $742,794 or 0.50% of net assets. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $3,752,746. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $3,827,159.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.2%          
           
COMMON STOCK — 99.2%          
Communication Services — 5.6%          
Alphabet, Inc. Class A (a)   34,931   $5,272,136 
Omnicom Group, Inc.   18,879    1,826,732 
T-Mobile US, Inc.   14,348    2,341,881 
Take-Two Interactive Software, Inc. (a)   4,007    594,999 
         10,035,748 
Consumer Discretionary — 4.9%          
AutoNation, Inc. (a)   5,761    953,906 
AutoZone, Inc. (a)   991    3,123,285 
Booking Holdings, Inc.   390    1,414,873 
LKQ Corp.   9,674    516,688 
MGM Resorts International (a)   32,856    1,551,132 
Ulta Beauty, Inc. (a)   2,063    1,078,702 
         8,638,586 
Consumer Staples — 8.4%          
Coca-Cola Europacific Partners PLC   14,913    1,043,164 
J. M. Smucker Co.   11,073    1,393,759 
Kenvue, Inc.   77,388    1,660,746 
Keurig Dr Pepper, Inc.   28,096    861,704 
Philip Morris International, Inc.   32,326    2,961,708 
Target Corp.   10,571    1,873,287 
US Foods Holding Corp (a)   42,431    2,290,001 
Walmart, Inc.   48,186    2,899,352 
         14,983,721 
Energy — 11.4%          
BP PLC Sponsored ADR   41,852    1,576,983 
Canadian Natural Resources Ltd.   24,477    1,868,085 
Cenovus Energy, Inc.   145,401    2,906,566 
ConocoPhillips   20,070    2,554,510 
Diamondback Energy, Inc.   9,172    1,817,615 
Marathon Petroleum Corp.   15,082    3,039,023 
Nov, Inc.   33,672    657,277 
Peabody Energy Corp.   29,902    725,422 
Phillips 66   15,699    2,564,275 
Schlumberger NV   45,523    2,495,116 
         20,204,872 
Financials — 24.2%          
American Express Co.   11,969    2,725,222 
Aon PLC Class A   3,881    1,295,167 
Arthur J Gallagher & Co.   4,942    1,235,698 
Berkshire Hathaway, Inc. Class B (a)   15,260    6,417,135 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Charles Schwab Corp.   25,991   $1,880,189 
Chubb Ltd.   6,696    1,735,135 
Corpay, Inc. (a)   6,066    1,871,604 
Discover Financial Services   11,577    1,517,629 
Fidelity National Information Services, Inc.   14,930    1,107,507 
Global Payments, Inc.   16,493    2,204,454 
Goldman Sachs Group, Inc.   4,612    1,926,386 
Huntington Bancshares, Inc.   126,849    1,769,544 
Intercontinental Exchange, Inc.   10,733    1,475,036 
JP Morgan Chase & Co.   39,386    7,889,016 
LPL Financial Holdings, Inc.   3,205    846,761 
Morgan Stanley   40,357    3,800,015 
Wells Fargo & Co.   56,165    3,255,323 
         42,951,821 
Health Care — 14.0%          
Abbott Laboratories   21,237    2,413,798 
Amgen, Inc.   7,637    2,171,352 
Avantor, Inc. (a)   69,862    1,786,371 
Bristol-Myers Squibb Co.   38,341    2,079,233 
Cencora, Inc.   10,564    2,566,946 
Centene Corp. (a)   25,520    2,002,810 
Cigna Group   6,375    2,315,336 
ICON PLC (a)   7,398    2,485,358 
McKesson Corp.   3,980    2,136,663 
Sanofi SA ADR   57,844    2,811,218 
UnitedHealth Group, Inc.   4,163    2,059,436 
         24,828,521 
Industrials — 14.3%          
Allegion PLC   8,802    1,185,718 
Atkore, Inc.   46    8,757 
Builders FirstSource, Inc. (a)   4,357    908,652 
Deere & Co.   2,222    912,664 
Dover Corp.   4,822    854,410 
Eaton Corp. PLC   4,824    1,508,368 
Fortive Corp.   20,843    1,792,915 
General Dynamics Corp.   9,886    2,792,696 
Howmet Aerospace, Inc.   25,170    1,722,383 
Jacobs Solutions, Inc.   12,433    1,911,325 
Leidos Holdings, Inc.   13,010    1,705,481 
Masco Corp.   16,990    1,340,171 
Norfolk Southern Corp.   7,758    1,977,282 
United Rentals, Inc.   3,219    2,321,253 
WESCO International, Inc.   9,779    1,674,947 
Westinghouse Air Brake Technologies Corp.   11,229    1,635,841 
WillScot Mobile Mini Holdings Corp. (a)   23,782    1,105,863 
         25,358,726 
Information Technology — 12.4%          
Advanced Micro Devices, Inc. (a)   10,351    1,868,252 
Applied Materials, Inc.   11,524    2,376,595 
Cognizant Technology Solutions Corp. Class A   19,529    1,431,280 
Dell Technologies, Inc. Class C   23,504    2,682,041 
Flex Ltd. (a)   34,343    982,553 
Keysight Technologies, Inc. (a)   3,028    473,519 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lam Research Corp.   1,019   $990,030 
Microchip Technology, Inc.   24,311    2,180,940 
Micron Technology, Inc.   24,899    2,935,343 
Nice Ltd. Sponsored ADR (a) (b)   3,543    923,377 
NXP Semiconductors NV   2,973    736,620 
Oracle Corp.   29,030    3,646,458 
QUALCOMM, Inc.   5,031    851,748 
         22,078,756 
Materials — 2.9%          
CRH PLC   28,825    2,486,445 
DuPont de Nemours, Inc.   9,823    753,129 
Olin Corp.   11,850    696,780 
Teck Resources Ltd. Class B   25,128    1,150,360 
         5,086,714 
Utilities — 1.1%          
CenterPoint Energy, Inc.   26,436    753,162 
FirstEnergy Corp.   32,741    1,264,457 
         2,017,619 
           
TOTAL COMMON STOCK
(Cost $128,106,169)
        176,185,084 
           
TOTAL EQUITIES
(Cost $128,106,169)
        176,185,084 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $128,106,169)
        176,185,084 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.9%          
           
Repurchase Agreement — 0.9%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (c)  $1,535,497   1,535,497 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,535,497)
        1,535,497 
           
TOTAL INVESTMENTS — 100.1%
(Cost $129,641,666) (d)
        177,720,581 
           
Other Assets/(Liabilities) — (0.1)%        (114,676) 
           
NET ASSETS — 100.0%       $177,605,905 

 

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 March 31, 2024, was $913,994 or 0.51% of net assets. The Fund received $948,529 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 $1,535,770. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,566,287.
(d) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Global Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.1%          
           
COMMON STOCK — 98.1%          
Austria — 0.6%          
Erste Group Bank AG   17,496   $779,081 
Canada — 3.6%          
Canadian National Railway Co. (a)   16,268    2,142,658 
Canadian Pacific Kansas City Ltd. (a)   30,261    2,668,113 
         4,810,771 
Denmark — 0.6%          
Carlsberg AS Class B   5,383    737,541 
France — 7.6%          
Air Liquide SA   6,592    1,373,779 
Capgemini SE   5,632    1,298,698 
EssilorLuxottica SA   2,693    610,756 
Hermes International SCA   264    676,800 
Legrand SA   15,999    1,692,662 
LVMH Moet Hennessy Louis Vuitton SE   3,218    2,910,479 
Pernod Ricard SA   10,257    1,658,447 
         10,221,621 
Germany — 3.1%          
Brenntag SE   7,182    604,992 
Deutsche Boerse AG   3,512    718,591 
Merck KGaA   12,154    2,145,038 
MTU Aero Engines AG   2,434    617,608 
         4,086,229 
Israel — 1.3%          
Check Point Software Technologies Ltd. (b)   10,199    1,672,738 
Japan — 2.4%          
Hoya Corp.   4,600    575,837 
Kubota Corp.   80,400    1,280,255 
Olympus Corp.   93,600    1,346,576 
         3,202,668 
Mexico — 0.3%          
Grupo Financiero Banorte SAB de CV Class O   43,419    467,223 
Netherlands — 2.2%          
Akzo Nobel NV   13,178    982,901 
Heineken NV   20,853    2,009,304 
         2,992,205 

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Republic of Korea — 1.1%          
Samsung Electronics Co. Ltd.   24,954   $1,494,116 
Spain — 2.8%          
Aena SME SA (c)   6,544    1,288,209 
Amadeus IT Group SA   17,506    1,122,696 
Cellnex Telecom SA (c)   36,761    1,299,834 
         3,710,739 
Sweden — 1.0%          
Essity AB Class B (a)   58,019    1,377,848 
Switzerland — 4.6%          
Cie Financiere Richemont SA Registered Class A   16,145    2,469,769 
Julius Baer Group Ltd.   8,265    477,099 
Sonova Holding AG Registered   2,366    684,802 
UBS Group AG Registered   83,749    2,573,925 
         6,205,595 
United Kingdom — 7.3%          
Burberry Group PLC   46,434    712,367 
Compass Group PLC   26,987    790,910 
Diageo PLC   68,802    2,540,900 
Intertek Group PLC   14,050    885,317 
London Stock Exchange Group PLC   9,045    1,083,399 
Reckitt Benckiser Group PLC   20,790    1,182,722 
Rolls-Royce Holdings PLC (b)   238,598    1,283,137 
Whitbread PLC   13,512    565,987 
WPP PLC   71,674    678,301 
         9,723,040 
United States — 59.6%          
Abbott Laboratories   14,848    1,687,624 
Accenture PLC Class A   5,036    1,745,528 
Air Products & Chemicals, Inc.   4,452    1,078,586 
Alphabet, Inc. Class A (b)   18,961    2,861,784 
American Express Co.   8,899    2,026,213 
Amphenol Corp. Class A   10,295    1,187,528 
Aon PLC Class A   5,123    1,709,648 
Aptiv PLC (b)   10,042    799,845 
Becton Dickinson & Co.   7,505    1,857,112 
Boston Scientific Corp. (b)   28,654    1,962,512 
Carrier Global Corp.   7,042    409,351 
Charles Schwab Corp.   40,232    2,910,383 
Cognizant Technology Solutions Corp. Class A   12,401    908,869 
Comcast Corp. Class A   66,438    2,880,087 
The Cooper Cos., Inc.   12,205    1,238,319 
eBay, Inc.   17,037    899,213 
Equifax, Inc.   3,260    872,115 
Experian PLC   32,422    1,415,416 
Fidelity National Information Services, Inc.   16,317    1,210,395 
Fiserv, Inc. (b)   9,271    1,481,691 
Goldman Sachs Group, Inc.   5,990    2,501,963 
Honeywell International, Inc.   13,115    2,691,854 
International Flavors & Fragrances, Inc.   18,924    1,627,275 
Linde PLC   6,189    2,873,676 

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Marriott International, Inc. Class A   4,024   $1,015,295 
Medtronic PLC   35,925    3,130,864 
Microchip Technology, Inc.   8,412    754,641 
Microsoft Corp.   5,357    2,253,797 
Nestle SA Registered   21,553    2,288,507 
Omnicom Group, Inc.   3,968    383,944 
Oracle Corp.   20,981    2,635,423 
Otis Worldwide Corp.   8,150    809,051 
PPG Industries, Inc.   9,183    1,330,617 
Roche Holding AG   9,610    2,453,210 
Schneider Electric SE   15,883    3,591,659 
Stryker Corp.   2,188    783,020 
Thermo Fisher Scientific, Inc.   5,763    3,349,513 
TransUnion   14,063    1,122,227 
Union Pacific Corp.   6,639    1,632,729 
United Parcel Service, Inc. Class B   6,544    972,635 
Visa, Inc. Class A   13,937    3,889,538 
Walt Disney Co.   14,763    1,806,401 
Waters Corp. (b)   5,338    1,837,500 
Willis Towers Watson PLC   10,362    2,849,550 
         79,727,108 
           
TOTAL COMMON STOCK
(Cost $101,410,874)
        131,208,523 
           
TOTAL EQUITIES
(Cost $101,410,874)
        131,208,523 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $101,410,874)
        131,208,523 
           
SHORT-TERM INVESTMENTS — 2.5%          
Investment of Cash Collateral from Securities Loaned — 2.0%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   2,696,220   2,696,220 
           
   Principal
Amount
    
Repurchase Agreement — 0.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e)  $590,419    590,419 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,286,639)
        3,286,639 
           
TOTAL INVESTMENTS — 100.6%
(Cost $104,697,513) (f)
        134,495,162 
           
Other Assets/(Liabilities) — (0.6)%        (743,730) 
           
NET ASSETS — 100.0%       $133,751,432 

 

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 March 31, 2024, was $6,113,320 or 4.57% of net assets. The Fund received $3,610,651 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 March 31, 2024, the aggregate market value of these securities amounted to $2,588,043 or 1.93% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $590,524. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $602,276.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Income & Growth Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.7%          
           
COMMON STOCK — 98.7%          
Communication Services — 4.4%          
Alphabet, Inc. Class C (a)   9,256   $1,409,319 
Comcast Corp. Class A   78,269    3,392,961 
Electronic Arts, Inc.   8,411    1,115,887 
T-Mobile US, Inc.   5,707    931,497 
         6,849,664 
Consumer Discretionary — 4.7%          
Aptiv PLC (a)   9,728    774,835 
Aramark   34,788    1,131,306 
Las Vegas Sands Corp.   24,437    1,263,393 
Lithia Motors, Inc.   2,559    769,901 
SharkNinja, Inc.   19,719    1,228,297 
United Parks & Resorts, Inc. (a)   18,769    1,055,005 
Wynn Resorts Ltd.   11,832    1,209,585 
         7,432,322 
Consumer Staples — 8.3%          
Coca-Cola Europacific Partners PLC   39,047    2,731,338 
Keurig Dr Pepper, Inc.   38,891    1,192,787 
Kraft Heinz Co.   26,503    977,961 
Molson Coors Beverage Co. Class B   17,466    1,174,588 
Philip Morris International, Inc.   46,089    4,222,674 
Procter & Gamble Co.   9,803    1,590,537 
Tyson Foods, Inc. Class A   19,994    1,174,247 
         13,064,132 
Energy — 9.8%          
Enbridge, Inc.   84,048    3,040,857 
Halliburton Co.   29,083    1,146,452 
Hess Corp.   23,810    3,634,358 
Phillips 66   22,717    3,710,595 
Pioneer Natural Resources Co.   4,337    1,138,462 
Plains GP Holdings LP Class A   148,615    2,712,224 
         15,382,948 
Financials — 15.7%          
Allstate Corp.   17,407    3,011,585 
American Express Co.   3,861    879,111 
American International Group, Inc.   15,171    1,185,917 
Axis Capital Holdings Ltd.   12,403    806,443 
Berkshire Hathaway, Inc. Class B (a)   2,680    1,126,994 
Chubb Ltd.   12,761    3,306,758 
Fidelity National Information Services, Inc.   58,104    4,310,155 
JP Morgan Chase & Co.   12,384    2,480,515 

 

 

 

 

MML Income & Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
M&T Bank Corp.   5,590   $813,010 
Northern Trust Corp.   13,952    1,240,612 
US Bancorp   14,652    654,944 
Wells Fargo & Co.   61,271    3,551,267 
Willis Towers Watson PLC   4,724    1,299,100 
         24,666,411 
Health Care — 16.7%          
Avantor, Inc. (a)   49,940    1,276,966 
Cigna Group   6,716    2,439,184 
CVS Health Corp.   39,305    3,134,967 
Elevance Health, Inc.   2,011    1,042,784 
Humana, Inc.   7,806    2,706,496 
Johnson & Johnson   5,532    875,107 
LivaNova PLC (a)   10,372    580,209 
Medtronic PLC   39,598    3,450,966 
Merck & Co., Inc.   36,144    4,769,201 
Sanofi SA ADR   23,680    1,150,848 
Smith & Nephew PLC Sponsored ADR (b)   89,403    2,267,260 
UnitedHealth Group, Inc.   4,996    2,471,521 
         26,165,509 
Industrials — 13.1%          
AECOM   11,610    1,138,709 
AerCap Holdings NV (a)   17,103    1,486,422 
BWX Technologies, Inc.   14,805    1,519,289 
CACI International, Inc. Class A (a)   3,247    1,230,061 
General Dynamics Corp.   8,844    2,498,341 
Jacobs Solutions, Inc.   7,146    1,098,555 
JB Hunt Transport Services, Inc.   4,456    887,858 
Johnson Controls International PLC   6,100    398,452 
MDU Resources Group, Inc.   44,517    1,121,828 
RTX Corp.   20,898    2,038,182 
Stanley Black & Decker, Inc.   18,833    1,844,316 
U-Haul Holding Co.   13,774    918,450 
Vertiv Holdings Co. Class A   45,224    3,693,444 
Vestis Corp.   33,091    637,664 
         20,511,571 
Information Technology — 7.3%          
Broadcom, Inc.   1,828    2,422,850 
Ciena Corp. (a)   10,886    538,313 
Cognizant Technology Solutions Corp. Class A   15,480    1,134,529 
Microchip Technology, Inc.   11,116    997,216 
Oracle Corp.   22,930    2,880,237 
QUALCOMM, Inc.   9,271    1,569,580 
Skyworks Solutions, Inc.   16,785    1,818,151 
         11,360,876 
Materials — 8.6%          
Air Products & Chemicals, Inc.   15,207    3,684,200 
Axalta Coating Systems Ltd. (a)   40,184    1,381,928 
CRH PLC   21,685    1,870,548 
DuPont de Nemours, Inc.   31,519    2,416,562 
Element Solutions, Inc.   46,182    1,153,626 
International Flavors & Fragrances, Inc.   18,815    1,617,902 

 

 

 

 

MML Income & Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Knife River Corp. (a)   17,186   $1,393,441 
         13,518,207 
Real Estate — 5.5%          
COPT Defense Properties   31,641    764,763 
CubeSmart   17,808    805,278 
Howard Hughes Holdings, Inc. (a)   6,765    491,274 
Mid-America Apartment Communities, Inc.   14,881    1,958,042 
Public Storage   10,989    3,187,469 
VICI Properties, Inc.   46,112    1,373,677 
         8,580,503 
Utilities — 4.6%          
CenterPoint Energy, Inc.   32,144    915,783 
Entergy Corp.   34,237    3,618,166 
Pinnacle West Capital Corp.   35,647    2,663,899 
         7,197,848 
           
TOTAL COMMON STOCK
(Cost $119,878,483)
        154,729,991 
           
TOTAL EQUITIES
(Cost $119,878,483)
        154,729,991 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $119,878,483)
        154,729,991 
           
SHORT-TERM INVESTMENTS — 2.0%          
Investment of Cash Collateral from Securities Loaned — 1.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   1,625,546    1,625,546 
           
   Principal
Amount
    
Repurchase Agreement — 0.9%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d)  $1,461,797   1,461,797 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,087,343)
        3,087,343 
           
TOTAL INVESTMENTS — 100.7%
(Cost $122,965,826) (e)
        157,817,334 
           
Other Assets/(Liabilities) — (0.7)%        (1,088,706) 
           
NET ASSETS — 100.0%       $156,728,628 

 

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 March 31, 2024, was $1,585,533 or 1.01% of net assets. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $1,462,056. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,491,144.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML International Equity Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.6%          
           
COMMON STOCK — 98.0%          
Australia — 1.2%          
Brambles Ltd.   20,000   $210,882 
Glencore PLC   274,544    1,510,390 
Rio Tinto PLC   20,442    1,297,159 
         3,018,431 
Belgium — 1.2%          
Anheuser-Busch InBev SA   16,500    1,003,670 
KBC Group NV   14,565    1,094,361 
Liberty Global Ltd. Class A (a)   41,300    698,796 
         2,796,827 
Canada — 3.2%          
Canadian National Railway Co. (b)   17,684    2,329,160 
Intact Financial Corp.   7,267    1,180,488 
Open Text Corp. (b)   32,200    1,249,442 
Suncor Energy, Inc.   40,435    1,492,264 
Toronto-Dominion Bank   26,891    1,622,930 
         7,874,284 
China — 2.9%          
Alibaba Group Holding Ltd.   153,540    1,385,670 
NetEase, Inc.   58,400    1,213,661 
Prosus NV   66,416    2,081,224 
Tencent Holdings Ltd.   43,900    1,713,184 
Yum China Holdings, Inc.   16,911    672,889 
         7,066,628 
Denmark — 2.9%          
Carlsberg AS Class B   13,816    1,892,972 
DSV AS   6,690    1,087,027 
Novo Nordisk AS Class B   33,050    4,233,570 
         7,213,569 
France — 15.9%          
Accor SA   28,400    1,325,732 
Air Liquide SA   24,903    5,189,809 
BNP Paribas SA   44,976    3,200,862 
Capgemini SE   20,347    4,691,870 
Cie de Saint-Gobain SA   27,691    2,147,321 
Cie Generale des Etablissements Michelin SCA Class A   41,476    1,590,192 
Danone SA   16,000    1,033,829 
Dassault Systemes SE   20,636    912,755 
Edenred SE   35,588    1,897,260 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Engie SA   130,181   $2,187,661 
EssilorLuxottica SA   12,530    2,841,730 
Kering SA   5,325    2,104,782 
Legrand SA   14,852    1,571,311 
LVMH Moet Hennessy Louis Vuitton SE   4,527    4,094,387 
Pernod Ricard SA   12,413    2,007,049 
Publicis Groupe SA   6,816    742,801 
Valeo SE   64,184    801,885 
Worldline SA (a) (c)   63,200    782,459 
         39,123,695 
Germany — 14.5%          
adidas AG   5,065    1,131,382 
Allianz SE Registered   6,210    1,861,044 
Bayer AG Registered   86,994    2,667,936 
Bayerische Motoren Werke AG   15,600    1,799,947 
Beiersdorf AG   21,831    3,178,488 
Brenntag SE   11,190    942,615 
Continental AG   25,135    1,814,233 
Daimler Truck Holding AG   33,390    1,691,431 
Deutsche Boerse AG   14,071    2,879,070 
Fresenius Medical Care AG   54,600    2,099,865 
Fresenius SE & Co. KGaA   62,000    1,672,109 
Henkel AG & Co. KGaA   11,500    828,259 
Mercedes Benz Group AG   29,858    2,378,287 
Merck KGaA   16,020    2,827,341 
MTU Aero Engines AG   3,930    997,206 
SAP SE   27,130    5,282,025 
Siemens AG Registered   6,435    1,228,474 
thyssenkrupp AG   83,574    448,479 
         35,728,191 
Hong Kong — 2.3%          
AIA Group Ltd.   326,600    2,191,809 
Prudential PLC   356,389    3,352,382 
         5,544,191 
India — 1.0%          
Axis Bank Ltd.   41,882    526,589 
HDFC Bank Ltd. ADR   31,855    1,782,924 
         2,309,513 
Indonesia — 0.1%          
Bank Mandiri Persero Tbk. PT   382,700    175,203 
Ireland — 0.5%          
AIB Group PLC   207,904    1,054,452 
Smurfit Kappa Group PLC   4,100    187,033 
         1,241,485 
Israel — 0.6%          
Check Point Software Technologies Ltd. (a)   9,476    1,554,159 
Italy — 4.2%          
Eni SpA   119,774    1,899,021 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Intesa Sanpaolo SpA   1,288,329   $4,674,279 
Ryanair Holdings PLC Sponsored ADR   26,204    3,815,040 
         10,388,340 
Japan — 11.5%          
Daikin Industries Ltd.   13,000    1,778,269 
Denso Corp.   125,700    2,405,159 
Fujitsu Ltd.   60,000    960,751 
Hitachi Ltd.   50,300    4,594,388 
Hoya Corp.   10,800    1,351,965 
Komatsu Ltd.   24,200    716,618 
Kose Corp.   13,300    720,307 
Kubota Corp.   42,100    670,382 
Kyocera Corp.   124,200    1,658,892 
Mitsubishi Electric Corp.   103,400    1,733,140 
Olympus Corp.   109,900    1,581,076 
Recruit Holdings Co. Ltd.   13,800    607,919 
Seven & i Holdings Co. Ltd.   118,200    1,720,492 
Shin-Etsu Chemical Co. Ltd.   30,800    1,351,378 
SMC Corp.   3,300    1,862,066 
Sony Group Corp.   24,100    2,065,431 
Terumo Corp.   89,000    1,631,315 
ZOZO, Inc. (b)   39,500    980,256 
         28,389,804 
Luxembourg — 0.5%          
Eurofins Scientific SE   19,000    1,209,971 
Netherlands — 2.0%          
Akzo Nobel NV   11,435    852,896 
EXOR NV   11,450    1,272,515 
ING Groep NV Series N   171,436    2,823,397 
         4,948,808 
Portugal — 0.5%          
Galp Energia SGPS SA   79,396    1,314,240 
Republic of Korea — 1.2%          
NAVER Corp.   9,395    1,306,215 
Samsung Electronics Co. Ltd. GDR (c)   1,146    1,703,054 
         3,009,269 
Singapore — 0.8%          
DBS Group Holdings Ltd.   74,200    1,984,641 
Spain — 1.1%          
Amadeus IT Group SA   43,124    2,765,632 
Sweden — 1.0%          
Sandvik AB   30,100    667,861 
SKF AB Class B (b)   51,100    1,041,573 
Volvo AB Class B (b)   30,670    830,635 
         2,540,069 
Switzerland — 7.5%          
Cie Financiere Richemont SA Registered Class A   25,218    3,857,704 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Julius Baer Group Ltd.   17,568   $1,014,116 
Novartis AG Registered   39,247    3,800,850 
Schindler Holding AG   1,980    498,521 
Sika AG Registered   4,400    1,310,126 
Sonova Holding AG Registered   3,740    1,082,486 
Swatch Group AG (b)   4,055    940,933 
UBS Group AG Registered   104,626    3,215,555 
Zurich Insurance Group AG   4,941    2,664,092 
         18,384,383 
Taiwan — 1.1%          
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR   19,694    2,679,369 
United Kingdom — 10.1%          
Ashtead Group PLC   15,300    1,087,541 
Bunzl PLC   4,300    165,587 
Compass Group PLC   145,410    4,261,541 
Diageo PLC   53,240    1,966,186 
Informa PLC   46,282    485,232 
Lloyds Banking Group PLC   4,403,784    2,882,701 
London Stock Exchange Group PLC   17,810    2,133,259 
Reckitt Benckiser Group PLC   18,080    1,028,553 
RELX PLC   70,277    3,036,602 
Rolls-Royce Holdings PLC (a)   469,586    2,525,349 
Schroders PLC   327,417    1,559,834 
Smith & Nephew PLC   27,200    343,955 
Smiths Group PLC   22,100    458,503 
Tesco PLC   366,829    1,372,712 
WPP PLC   155,492    1,471,529 
         24,779,084 
United States — 10.2%          
CNH Industrial NV   218,653    2,833,743 
Experian PLC   69,784    3,046,493 
Holcim AG   9,649    878,143 
Linde PLC   5,838    2,710,700 
Nestle SA Registered   41,111    4,365,183 
Qiagen NV   32,934    1,408,345 
Roche Holding AG   17,599    4,492,617 
Schneider Electric SE   24,046    5,437,576 
         25,172,800 
           
TOTAL COMMON STOCK
(Cost $224,386,502)
        241,212,586 
           
PREFERRED STOCK — 0.6%          
Republic of Korea — 0.6%          
Samsung Electronics Co. Ltd. 2.312%   28,500    1,423,071 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
TOTAL PREFERRED STOCK
(Cost $1,435,803)
       $1,423,071 
           
TOTAL EQUITIES
(Cost $225,822,305)
        242,635,657 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $225,822,305)
        242,635,657 
           
SHORT-TERM INVESTMENTS — 2.0%          
           
Investment of Cash Collateral from Securities Loaned — 1.2%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   2,939,988   2,939,988 
           
   Principal
Amount
    
Repurchase Agreement — 0.8%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e)  $1,952,312   1,952,312 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,892,300)
        4,892,300 
           
TOTAL INVESTMENTS — 100.6%
(Cost $230,714,605) (f)
        247,527,957 
           
Other Assets/(Liabilities) — (0.6)%        (1,364,187) 
           
NET ASSETS — 100.0%       $246,163,770 

 

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) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $5,067,503 or 2.06% of net assets. The Fund received $2,431,394 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 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 March 31, 2024, the aggregate market value of these securities amounted to $2,485,513 or 1.01% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $1,952,659. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,991,549.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Large Cap Growth Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 95.8%          
           
COMMON STOCK — 95.8%          
Communication Services — 21.9%          
Alphabet, Inc. Class A (a)   54,673   $8,251,796 
Alphabet, Inc. Class C (a)   26,073    3,969,875 
Meta Platforms, Inc. Class A   32,248    15,658,984 
Netflix, Inc. (a)   16,365    9,938,955 
Walt Disney Co.   58,562    7,165,646 
         44,985,256 
Consumer Discretionary — 14.0%          
Alibaba Group Holding Ltd. Sponsored ADR   19,087    1,381,135 
Amazon.com, Inc. (a)   65,962    11,898,226 
Starbucks Corp.   32,531    2,973,008 
Tesla, Inc. (a)   54,541    9,587,763 
Yum China Holdings, Inc.   18,661    742,521 
Yum! Brands, Inc.   15,948    2,211,190 
         28,793,843 
Consumer Staples — 2.8%          
Monster Beverage Corp. (a)   96,075    5,695,326 
Financials — 9.9%          
Block, Inc. (a)   29,296    2,477,856 
FactSet Research Systems, Inc.   6,072    2,759,056 
PayPal Holdings, Inc. (a)   26,565    1,779,589 
SEI Investments Co.   34,588    2,486,877 
Visa, Inc. Class A   38,624    10,779,186 
         20,282,564 
Health Care — 12.5%          
Illumina, Inc. (a)   17,124    2,351,468 
Intuitive Surgical, Inc. (a)   7,035    2,807,598 
Novartis AG Sponsored ADR   23,046    2,229,240 
Novo Nordisk AS Sponsored ADR   34,644    4,448,290 
Regeneron Pharmaceuticals, Inc. (a)   4,547    4,376,442 
Roche Holding AG Sponsored ADR (b)   52,426    1,673,438 
Thermo Fisher Scientific, Inc.   4,754    2,763,072 
Vertex Pharmaceuticals, Inc. (a)   12,225    5,110,172 
         25,759,720 
Industrials — 6.7%          
Boeing Co. (a)   51,357    9,911,387 
Deere & Co.   2,842    1,167,323 
Expeditors International of Washington, Inc.   23,045    2,801,581 
         13,880,291 

 

 

 

 

MML Large Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Information Technology — 28.0%          
Autodesk, Inc. (a)   23,244   $6,053,202 
Microsoft Corp.   24,803    10,435,118 
NVIDIA Corp.   17,266    15,600,867 
Oracle Corp.   69,873    8,776,748 
QUALCOMM, Inc.   22,308    3,776,744 
Salesforce, Inc.   23,333    7,027,433 
Shopify, Inc. Class A (a)   48,571    3,748,224 
Workday, Inc. Class A (a)   8,098    2,208,730 
         57,627,066 
           
TOTAL COMMON STOCK
(Cost $137,145,690)
        197,024,066 
           
TOTAL EQUITIES
(Cost $137,145,690)
        197,024,066 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $137,145,690)
        197,024,066 
           
SHORT-TERM INVESTMENTS — 4.9%          
Investment of Cash Collateral from Securities Loaned — 0.8%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   1,615,001    1,615,001 
           
   Principal
Amount
    
Repurchase Agreement — 4.1%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d)  $8,436,474    8,436,474 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $10,051,475)
        10,051,475 
           
TOTAL INVESTMENTS — 100.7%
(Cost $147,197,165) (e)
        207,075,541 
           
Other Assets/(Liabilities) — (0.7)%        (1,367,253) 
           
NET ASSETS — 100.0%       $205,708,288 

 

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 March 31, 2024, was $1,656,680 or 0.81% of net assets. The Fund received $88,020 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 $8,437,974. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $8,605,274.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.2%          
           
COMMON STOCK — 99.2%          
Communication Services — 8.9%          
Alphabet, Inc. Class A (a) (b)   13,304   $2,007,973 
Alphabet, Inc. Class C (a) (b)   11,569    1,761,496 
AT&T, Inc. (b)   16,593    292,037 
Charter Communications, Inc. Class A (a) (b)   231    67,135 
Comcast Corp. Class A (b)   9,035    391,667 
Electronic Arts, Inc. (b)   577    76,551 
Fox Corp. Class A (b)   381    11,914 
Fox Corp. Class B (b)   505    14,453 
Interpublic Group of Cos., Inc. (b)   850    27,735 
Live Nation Entertainment, Inc. (a) (b)   319    33,741 
Match Group, Inc. (a) (b)   612    22,203 
Meta Platforms, Inc. Class A (b)   5,055    2,454,607 
Netflix, Inc. (a) (b)   993    603,079 
News Corp. Class A (b)   573    15,001 
News Corp. Class B (b)   511    13,828 
Omnicom Group, Inc. (b)   474    45,864 
Paramount Global Class B (b)   1,322    15,560 
T-Mobile US, Inc. (b)   1,225    199,944 
Take-Two Interactive Software, Inc. (a) (b)   371    55,090 
Verizon Communications, Inc. (b)   9,553    400,844 
Walt Disney Co. (b)   4,200    513,912 
Warner Bros Discovery, Inc. (a) (b)   5,164    45,082 
         9,069,716 
Consumer Discretionary — 10.3%          
Airbnb, Inc. Class A (a) (b)   1,013    167,104 
Amazon.com, Inc. (a) (b)   21,004    3,788,702 
Aptiv PLC (a) (b)   642    51,135 
AutoZone, Inc. (a) (b)   40    126,066 
Bath & Body Works, Inc. (b)   510    25,510 
Best Buy Co., Inc. (b)   460    37,734 
Booking Holdings, Inc. (b)   80    290,230 
BorgWarner, Inc. (b)   509    17,683 
Caesars Entertainment, Inc. (a) (b)   454    19,858 
CarMax, Inc. (a) (b)   349    30,401 
Carnival Corp. (a) (b)   2,247    36,716 
Chipotle Mexican Grill, Inc. (a) (b)   62    180,220 
Darden Restaurants, Inc. (b)   287    47,972 
Deckers Outdoor Corp. (a) (b)   60    56,476 
Domino's Pizza, Inc. (b)   80    39,750 
DR Horton, Inc. (b)   694    114,198 
eBay, Inc. (b)   1,215    64,128 
Etsy, Inc. (a) (b)   264    18,142 
Expedia Group, Inc. (a) (b)   306    42,151 
Ford Motor Co. (b)   8,846    117,475 
Garmin Ltd. (b)   360    53,593 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
General Motors Co. (b)   2,690   $121,991 
Genuine Parts Co. (b)   332    51,437 
Hasbro, Inc. (b)   336    18,991 
Hilton Worldwide Holdings, Inc. (b)   592    126,280 
Home Depot, Inc. (b)   2,284    876,142 
Las Vegas Sands Corp. (b)   886    45,806 
Lennar Corp. Class A (b)   544    93,557 
LKQ Corp. (b)   492    26,278 
Lowe's Cos., Inc. (b)   1,315    334,970 
Lululemon Athletica, Inc. (a) (b)   266    103,913 
Marriott International, Inc. Class A (b)   587    148,106 
McDonald's Corp. (b)   1,663    468,883 
MGM Resorts International (a) (b)   613    28,940 
Mohawk Industries, Inc. (a) (b)   120    15,707 
NIKE, Inc. Class B (b)   2,783    261,546 
Norwegian Cruise Line Holdings Ltd. (a) (b)   976    20,428 
NVR, Inc. (a) (b)   7    56,700 
O'Reilly Automotive, Inc. (a) (b)   134    151,270 
Pool Corp. (b)   81    32,683 
PulteGroup, Inc. (b)   498    60,069 
Ralph Lauren Corp. (b)   85    15,960 
Ross Stores, Inc. (b)   781    114,620 
Royal Caribbean Cruises Ltd. (a) (b)   564    78,402 
Starbucks Corp. (b)   2,583    236,060 
Tapestry, Inc. (b)   507    24,072 
Tesla, Inc. (a) (b)   6,360    1,118,024 
TJX Cos., Inc. (b)   2,661    269,879 
Tractor Supply Co. (b)   249    65,168 
Ulta Beauty, Inc. (a) (b)   113    59,085 
VF Corp. (b)   774    11,873 
Wynn Resorts Ltd. (b)   211    21,571 
Yum! Brands, Inc. (b)   634    87,904 
         10,471,559 
Consumer Staples — 5.9%          
Altria Group, Inc. (b)   4,072    177,621 
Archer-Daniels-Midland Co. (b)   1,230    77,256 
Brown-Forman Corp. Class B (b)   476    24,571 
Bunge Global SA (b)   321    32,909 
Campbell Soup Co. (b)   536    23,825 
Church & Dwight Co., Inc. (b)   528    55,076 
Clorox Co. (b)   276    42,258 
Coca-Cola Co. (b)   8,904    544,747 
Colgate-Palmolive Co. (b)   1,968    177,218 
Conagra Brands, Inc. (b)   1,222    36,220 
Constellation Brands, Inc. Class A (b)   356    96,747 
Costco Wholesale Corp. (b)   1,017    745,085 
Dollar General Corp. (b)   503    78,498 
Dollar Tree, Inc. (a) (b)   477    63,513 
Estee Lauder Cos., Inc. Class A (b)   530    81,700 
General Mills, Inc. (b)   1,364    95,439 
Hershey Co. (b)   362    70,409 
Hormel Foods Corp. (b)   709    24,737 
J. M. Smucker Co. (b)   267    33,607 
Kellanova (b)   532    30,478 
Kenvue, Inc. (b)   3,909    83,887 
Keurig Dr Pepper, Inc. (b)   2,411    73,945 
Kimberly-Clark Corp. (b)   765    98,953 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Kraft Heinz Co. (b)   1,700   $62,730 
Kroger Co. (b)   1,593    91,008 
Lamb Weston Holdings, Inc. (b)   338    36,007 
McCormick & Co., Inc. (b)   556    42,706 
Molson Coors Beverage Co. Class B (b)   382    25,690 
Mondelez International, Inc. Class A (b)   3,038    212,660 
Monster Beverage Corp. (a) (b)   1,651    97,871 
PepsiCo, Inc. (b)   3,191    558,457 
Philip Morris International, Inc. (b)   3,599    329,740 
Procter & Gamble Co. (b)   5,399    875,988 
Sysco Corp. (b)   1,156    93,844 
Target Corp. (b)   1,052    186,425 
Tyson Foods, Inc. Class A (b)   619    36,354 
Walgreens Boots Alliance, Inc. (b)   1,705    36,982 
Walmart, Inc. (b)   9,817    590,689 
         6,045,850 
Energy — 3.9%          
APA Corp. (b)   712    24,479 
Baker Hughes Co. (b)   2,352    78,792 
Chevron Corp. (b)   3,967    625,755 
ConocoPhillips (b)   2,762    351,547 
Coterra Energy, Inc. (b)   1,668    46,504 
Devon Energy Corp. (b)   1,374    68,947 
Diamondback Energy, Inc. (b)   400    79,268 
EOG Resources, Inc. (b)   1,303    166,575 
EQT Corp. (b)   898    33,289 
Exxon Mobil Corp. (b)   9,094    1,057,087 
Halliburton Co. (b)   2,082    82,072 
Hess Corp. (b)   607    92,652 
Kinder Morgan, Inc. (b)   4,695    86,106 
Marathon Oil Corp. (b)   1,426    40,413 
Marathon Petroleum Corp. (b)   831    167,446 
Occidental Petroleum Corp. (b)   1,570    102,034 
ONEOK, Inc. (b)   1,362    109,192 
Phillips 66 (b)   973    158,930 
Pioneer Natural Resources Co. (b)   528    138,600 
Schlumberger NV (b)   3,311    181,476 
Targa Resources Corp. (b)   556    62,266 
Valero Energy Corp. (b)   795    135,699 
Williams Cos., Inc. (b)   2,814    109,662 
         3,998,791 
Financials — 13.0%          
Aflac, Inc. (b)   1,215    104,320 
Allstate Corp. (b)   623    107,785 
American Express Co. (b)   1,297    295,314 
American International Group, Inc. (b)   1,616    126,323 
Ameriprise Financial, Inc. (b)   229    100,403 
Aon PLC Class A (b)   444    148,172 
Arch Capital Group Ltd. (a) (b)   882    81,532 
Arthur J Gallagher & Co. (b)   496    124,020 
Assurant, Inc. (b)   134    25,224 
Bank of America Corp. (b)   15,784    598,529 
Bank of New York Mellon Corp. (b)   1,750    100,835 
Berkshire Hathaway, Inc. Class B (a) (b)   4,170    1,753,568 
BlackRock, Inc. (b)   325    270,953 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Blackstone, Inc. (b)   1,678   $220,439 
Brown & Brown, Inc. (b)   588    51,474 
Capital One Financial Corp. (b)   899    133,852 
Cboe Global Markets, Inc. (b)   238    43,728 
Charles Schwab Corp. (b)   3,396    245,667 
Chubb Ltd. (b)   948    245,655 
Cincinnati Financial Corp. (b)   347    43,087 
Citigroup, Inc. (b)   4,350    275,094 
Citizens Financial Group, Inc. (b)   917    33,278 
CME Group, Inc. (b)   812    174,816 
Comerica, Inc. (b)   326    17,927 
Corpay, Inc. (a) (b)   174    53,686 
Discover Financial Services (b)   575    75,377 
Everest Group Ltd. (b)   98    38,955 
FactSet Research Systems, Inc. (b)   78    35,442 
Fidelity National Information Services, Inc. (b)   1,369    101,552 
Fifth Third Bancorp (b)   1,519    56,522 
Fiserv, Inc. (a) (b)   1,355    216,556 
Franklin Resources, Inc. (b)   675    18,974 
Global Payments, Inc. (b)   630    84,206 
Globe Life, Inc. (b)   227    26,416 
Goldman Sachs Group, Inc. (b)   757    316,191 
Hartford Financial Services Group, Inc. (b)   701    72,238 
Huntington Bancshares, Inc. (b)   2,812    39,227 
Intercontinental Exchange, Inc. (b)   1,338    183,881 
Invesco Ltd. (b)   1,194    19,809 
Jack Henry & Associates, Inc. (b)   162    28,144 
JP Morgan Chase & Co. (b)   6,648    1,331,594 
KeyCorp. (b)   2,382    37,659 
Loews Corp. (b)   382    29,907 
M&T Bank Corp. (b)   380    55,267 
MarketAxess Holdings, Inc. (b)   91    19,952 
Marsh & McLennan Cos., Inc. (b)   1,087    223,900 
Mastercard, Inc. Class A (b)   1,893    911,612 
MetLife, Inc. (b)   1,329    98,492 
Moody's Corp. (b)   365    143,456 
Morgan Stanley (b)   2,935    276,360 
MSCI, Inc. (b)   177    99,200 
Nasdaq, Inc. (b)   741    46,757 
Northern Trust Corp. (b)   473    42,059 
PayPal Holdings, Inc. (a) (b)   2,503    167,676 
PNC Financial Services Group, Inc. (b)   927    149,803 
Principal Financial Group, Inc. (b)   467    40,307 
Progressive Corp. (b)   1,370    283,343 
Prudential Financial, Inc. (b)   821    96,385 
Raymond James Financial, Inc. (b)   456    58,560 
Regions Financial Corp. (b)   2,133    44,878 
S&P Global, Inc. (b)   731    311,004 
State Street Corp. (b)   718    55,516 
Synchrony Financial (b)   952    41,050 
T. Rowe Price Group, Inc. (b)   531    64,740 
Travelers Cos., Inc. (b)   535    123,125 
Truist Financial Corp. (b)   3,060    119,279 
US Bancorp (b)   3,632    162,350 
Visa, Inc. Class A (b)   3,616    1,009,153 
W. R. Berkley Corp. (b)   471    41,655 
Wells Fargo & Co. (b)   8,253    478,344 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Willis Towers Watson PLC (b)   239   $65,725 
         13,318,279 
Health Care — 12.3%          
Abbott Laboratories (b)   3,979    452,253 
AbbVie, Inc. (b)   4,048    737,141 
Agilent Technologies, Inc. (b)   688    100,111 
Align Technology, Inc. (a) (b)   160    52,467 
Amgen, Inc. (b)   1,223    347,723 
Baxter International, Inc. (b)   1,174    50,177 
Becton Dickinson & Co. (b)   687    169,998 
Bio-Rad Laboratories, Inc. Class A (a) (b)   43    14,872 
Bio-Techne Corp. (b)   363    25,551 
Biogen, Inc. (a) (b)   344    74,177 
Boston Scientific Corp. (a) (b)   3,403    233,071 
Bristol-Myers Squibb Co. (b)   4,749    257,538 
Cardinal Health, Inc. (b)   579    64,790 
Catalent, Inc. (a) (b)   417    23,540 
Cencora, Inc. (b)   389    94,523 
Centene Corp. (a) (b)   1,236    97,001 
Charles River Laboratories International, Inc. (a) (b)   116    31,430 
Cigna Group (b)   682    247,696 
The Cooper Cos., Inc. (b)   448    45,454 
CVS Health Corp. (b)   2,855    227,715 
Danaher Corp. (b)   1,498    374,080 
DaVita, Inc. (a) (b)   138    19,051 
DENTSPLY SIRONA, Inc. (b)   447    14,836 
Dexcom, Inc. (a) (b)   880    122,056 
Edwards Lifesciences Corp. (a) (b)   1,378    131,682 
Elevance Health, Inc. (b)   547    283,641 
Eli Lilly & Co. (b)   1,831    1,424,445 
GE HealthCare Technologies, Inc. (a) (b)   937    85,183 
Gilead Sciences, Inc. (b)   2,911    213,231 
HCA Healthcare, Inc. (b)   460    153,424 
Henry Schein, Inc. (a) (b)   327    24,695 
Hologic, Inc. (a) (b)   548    42,722 
Humana, Inc. (b)   286    99,162 
IDEXX Laboratories, Inc. (a) (b)   193    104,206 
Illumina, Inc. (a) (b)   355    48,749 
Incyte Corp. (a) (b)   435    24,782 
Insulet Corp. (a) (b)   169    28,967 
Intuitive Surgical, Inc. (a) (b)   820    327,254 
IQVIA Holdings, Inc. (a) (b)   422    106,720 
Johnson & Johnson (b)   5,516    872,576 
Laboratory Corp. of America Holdings (b)   182    39,760 
McKesson Corp. (b)   294    157,834 
Medtronic PLC (b)   3,032    264,239 
Merck & Co., Inc. (b)   5,804    765,838 
Mettler-Toledo International, Inc. (a) (b)   52    69,227 
Moderna, Inc. (a) (b)   782    83,330 
Molina Healthcare, Inc. (a) (b)   126    51,765 
Pfizer, Inc. (b)   12,901    358,003 
Quest Diagnostics, Inc. (b)   269    35,807 
Regeneron Pharmaceuticals, Inc. (a) (b)   241    231,960 
ResMed, Inc. (b)   329    65,152 
Revvity, Inc. (b)   273    28,665 
STERIS PLC (b)   227    51,034 
Stryker Corp. (b)   774    276,991 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Teleflex, Inc. (b)   106   $23,974 
Thermo Fisher Scientific, Inc. (b)   882    512,627 
UnitedHealth Group, Inc. (b)   2,120    1,048,764 
Universal Health Services, Inc. Class B (b)   142    25,909 
Vertex Pharmaceuticals, Inc. (a) (b)   588    245,790 
Viatris, Inc. (b)   2,804    33,480 
Waters Corp. (a) (b)   143    49,225 
West Pharmaceutical Services, Inc. (b)   175    69,249 
Zimmer Biomet Holdings, Inc. (b)   478    63,086 
Zoetis, Inc. (b)   1,072    181,393 
         12,581,792 
Industrials — 8.7%          
3M Co. (b)   1,298    137,679 
A.O. Smith Corp. (b)   305    27,285 
Allegion PLC (b)   194    26,134 
American Airlines Group, Inc. (a) (b)   1,301    19,970 
AMETEK, Inc. (b)   496    90,718 
Automatic Data Processing, Inc. (b)   966    241,249 
Axon Enterprise, Inc. (a) (b)   163    50,999 
Boeing Co. (a) (b)   1,312    253,203 
Broadridge Financial Solutions, Inc. (b)   262    53,673 
Builders FirstSource, Inc. (a) (b)   292    60,897 
C.H. Robinson Worldwide, Inc. (b)   274    20,862 
Carrier Global Corp. (b)   1,860    108,122 
Caterpillar, Inc. (b)   1,163    426,158 
Cintas Corp. (b)   203    139,467 
Copart, Inc. (a) (b)   2,024    117,230 
CSX Corp. (b)   4,554    168,817 
Cummins, Inc. (b)   324    95,467 
Dayforce, Inc. (a) (b)   388    25,689 
Deere & Co. (b)   608    249,730 
Delta Air Lines, Inc. (b)   1,521    72,810 
Dover Corp. (b)   317    56,169 
Eaton Corp. PLC (b)   928    290,167 
Emerson Electric Co. (b)   1,328    150,622 
Equifax, Inc. (b)   272    72,765 
Expeditors International of Washington, Inc. (b)   318    38,659 
Fastenal Co. (b)   1,361    104,988 
FedEx Corp. (b)   521    150,955 
Fortive Corp. (b)   859    73,891 
Generac Holdings, Inc. (a) (b)   149    18,795 
General Dynamics Corp. (b)   521    147,177 
General Electric Co. (b)   2,483    435,841 
Honeywell International, Inc. (b)   1,483    304,386 
Howmet Aerospace, Inc. (b)   865    59,192 
Hubbell, Inc. (b)   130    53,957 
Huntington Ingalls Industries, Inc. (b)   90    26,232 
IDEX Corp. (b)   161    39,287 
Illinois Tool Works, Inc. (b)   636    170,658 
Ingersoll Rand, Inc. (b)   927    88,019 
Jacobs Solutions, Inc. (b)   280    43,044 
JB Hunt Transport Services, Inc. (b)   169    33,673 
Johnson Controls International PLC (b)   1,564    102,160 
L3Harris Technologies, Inc. (b)   419    89,289 
Leidos Holdings, Inc. (b)   352    46,144 
Lockheed Martin Corp. (b)   489    222,431 
Masco Corp. (b)   543    42,832 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Nordson Corp. (b)   120   $32,945 
Norfolk Southern Corp. (b)   524    133,552 
Northrop Grumman Corp. (b)   332    158,915 
Old Dominion Freight Line, Inc. (b)   426    93,426 
Otis Worldwide Corp. (b)   877    87,060 
PACCAR, Inc. (b)   1,225    151,765 
Parker-Hannifin Corp. (b)   299    166,181 
Paychex, Inc. (b)   732    89,890 
Paycom Software, Inc. (b)   100    19,901 
Pentair PLC (b)   337    28,793 
Quanta Services, Inc. (b)   329    85,474 
Republic Services, Inc. (b)   467    89,402 
Robert Half, Inc. (b)   262    20,771 
Rockwell Automation, Inc. (b)   263    76,620 
Rollins, Inc. (b)   651    30,122 
RTX Corp. (b)   3,026    295,126 
Snap-on, Inc. (b)   105    31,103 
Southwest Airlines Co. (b)   1,388    40,516 
Stanley Black & Decker, Inc. (b)   359    35,157 
Textron, Inc. (b)   478    45,855 
Trane Technologies PLC (b)   530    159,106 
TransDigm Group, Inc. (b)   128    157,645 
Uber Technologies, Inc. (a) (b)   4,719    363,316 
Union Pacific Corp. (b)   1,395    343,072 
United Airlines Holdings, Inc. (a) (b)   736    35,240 
United Parcel Service, Inc. Class B (b)   1,680    249,698 
United Rentals, Inc. (b)   150    108,167 
Veralto Corp. (b)   530    46,990 
Verisk Analytics, Inc. (b)   334    78,734 
W.W. Grainger, Inc. (b)   102    103,765 
Waste Management, Inc. (b)   850    181,177 
Westinghouse Air Brake Technologies Corp. (b)   381    55,504 
Xylem, Inc. (b)   590    76,252 
         8,918,732 
Information Technology — 29.3%          
Accenture PLC Class A (b)   1,438    498,425 
Adobe, Inc. (a) (b)   1,037    523,270 
Advanced Micro Devices, Inc. (a) (b)   3,708    669,257 
Akamai Technologies, Inc. (a) (b)   349    37,957 
Amphenol Corp. Class A (b)   1,377    158,837 
Analog Devices, Inc. (b)   1,164    230,228 
ANSYS, Inc. (a) (b)   203    70,473 
Apple, Inc. (b)   33,350    5,718,858 
Applied Materials, Inc. (b)   1,904    392,662 
Arista Networks, Inc. (a) (b)   575    166,738 
Autodesk, Inc. (a) (b)   501    130,470 
Broadcom, Inc. (b)   1,010    1,338,664 
Cadence Design Systems, Inc. (a) (b)   621    193,305 
CDW Corp. (b)   304    77,757 
Cisco Systems, Inc. (b)   9,450    471,649 
Cognizant Technology Solutions Corp. Class A (b)   1,168    85,603 
Corning, Inc. (b)   1,724    56,823 
Enphase Energy, Inc. (a) (b)   306    37,020 
EPAM Systems, Inc. (a) (b)   132    36,453 
F5, Inc. (a) (b)   135    25,595 
Fair Isaac Corp. (a) (b)   58    72,477 
First Solar, Inc. (a) (b)   249    42,031 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Fortinet, Inc. (a) (b)   1,446   $98,776 
Gartner, Inc. (a) (b)   180    85,801 
Gen Digital, Inc. (b)   1,309    29,322 
Hewlett Packard Enterprise Co. (b)   2,980    52,835 
HP, Inc. (b)   2,063    62,344 
Intel Corp. (b)   9,697    428,316 
International Business Machines Corp. (b)   2,095    400,061 
Intuit, Inc. (b)   641    416,650 
Jabil, Inc. (b)   298    39,917 
Juniper Networks, Inc. (b)   826    30,612 
Keysight Technologies, Inc. (a) (b)   394    61,614 
KLA Corp. (b)   308    215,160 
Lam Research Corp. (b)   299    290,499 
Microchip Technology, Inc. (b)   1,251    112,227 
Micron Technology, Inc. (b)   2,529    298,144 
Microsoft Corp. (b)   17,075    7,183,794 
Monolithic Power Systems, Inc. (b)   114    77,226 
Motorola Solutions, Inc. (b)   373    132,408 
NetApp, Inc. (b)   481    50,491 
NVIDIA Corp. (b)   5,675    5,127,703 
NXP Semiconductors NV (b)   598    148,166 
ON Semiconductor Corp. (a) (b)   998    73,403 
Oracle Corp. (b)   3,659    459,607 
Palo Alto Networks, Inc. (a) (b)   721    204,858 
PTC, Inc. (a) (b)   265    50,069 
Qorvo, Inc. (a) (b)   243    27,904 
QUALCOMM, Inc. (b)   2,557    432,900 
Roper Technologies, Inc. (b)   247    138,527 
Salesforce, Inc. (b)   2,221    668,921 
Seagate Technology Holdings PLC (b)   440    40,942 
ServiceNow, Inc. (a) (b)   469    357,566 
Skyworks Solutions, Inc. (b)   373    40,403 
Super Micro Computer, Inc. (a) (b)   114    115,143 
Synopsys, Inc. (a) (b)   348    198,882 
TE Connectivity Ltd. (b)   679    98,618 
Teledyne Technologies, Inc. (a) (b)   107    45,937 
Teradyne, Inc. (b)   349    39,378 
Texas Instruments, Inc. (b)   2,077    361,834 
Trimble, Inc. (a) (b)   563    36,235 
Tyler Technologies, Inc. (a) (b)   107    45,476 
VeriSign, Inc. (a) (b)   201    38,092 
Western Digital Corp. (a) (b)   791    53,978 
Zebra Technologies Corp. Class A (a) (b)   118    35,570 
         29,940,861 
Materials — 2.4%          
Air Products & Chemicals, Inc. (b)   514    124,527 
Albemarle Corp. (b)   280    36,887 
Amcor PLC (b)   2,886    27,446 
Avery Dennison Corp. (b)   187    41,748 
Ball Corp. (b)   752    50,655 
Celanese Corp. (b)   248    42,621 
CF Industries Holdings, Inc. (b)   427    35,531 
Corteva, Inc. (b)   1,679    96,828 
Dow, Inc. (b)   1,590    92,109 
DuPont de Nemours, Inc. (b)   986    75,597 
Eastman Chemical Co. (b)   242    24,253 
Ecolab, Inc. (b)   573    132,306 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
FMC Corp. (b)   313   $19,938 
Freeport-McMoRan, Inc. (b)   3,258    153,191 
International Flavors & Fragrances, Inc. (b)   560    48,154 
International Paper Co. (b)   732    28,563 
Linde PLC (b)   1,109    514,931 
LyondellBasell Industries NV Class A (b)   587    60,038 
Martin Marietta Materials, Inc. (b)   146    89,635 
Mosaic Co. (b)   720    23,371 
Newmont Corp. (b)   2,657    95,227 
Nucor Corp. (b)   557    110,230 
Packaging Corp. of America (b)   214    40,613 
PPG Industries, Inc. (b)   569    82,448 
Sherwin-Williams Co. (b)   546    189,642 
Steel Dynamics, Inc. (b)   339    50,250 
Vulcan Materials Co. (b)   318    86,788 
Westrock Co. (b)   618    30,560 
         2,404,087 
Real Estate — 2.3%          
Alexandria Real Estate Equities, Inc. (b)   349    44,990 
American Tower Corp. (b)   1,048    207,074 
AvalonBay Communities, Inc. (b)   300    55,668 
Boston Properties, Inc. (b)   328    21,422 
Camden Property Trust (b)   260    25,584 
CBRE Group, Inc. Class A (a) (b)   717    69,721 
CoStar Group, Inc. (a) (b)   949    91,673 
Crown Castle, Inc. (b)   987    104,454 
Digital Realty Trust, Inc. (b)   713    102,701 
Equinix, Inc. (b)   216    178,271 
Equity Residential (b)   634    40,012 
Essex Property Trust, Inc. (b)   168    41,128 
Extra Space Storage, Inc. (b)   507    74,529 
Federal Realty Investment Trust (b)   154    15,726 
Healthpeak Properties, Inc. (b)   1,582    29,662 
Host Hotels & Resorts, Inc. (b)   1,624    33,584 
Invitation Homes, Inc. (b)   1,387    49,391 
Iron Mountain, Inc. (b)   711    57,029 
Kimco Realty Corp. (b)   1,452    28,474 
Mid-America Apartment Communities, Inc. (b)   289    38,027 
Prologis, Inc. (b)   2,139    278,541 
Public Storage (b)   345    100,071 
Realty Income Corp. (b)   1,949    105,441 
Regency Centers Corp. (b)   234    14,171 
SBA Communications Corp. (b)   263    56,992 
Simon Property Group, Inc. (b)   764    119,558 
UDR, Inc. (b)   640    23,942 
Ventas, Inc. (b)   990    43,105 
VICI Properties, Inc. (b)   2,397    71,407 
Welltower, Inc. (b)   1,282    119,790 
Weyerhaeuser Co. (b)   1,738    62,412 
         2,304,550 
Utilities — 2.2%          
AES Corp. (b)   1,719    30,822 
Alliant Energy Corp. (b)   431    21,722 
Ameren Corp. (b)   613    45,337 
American Electric Power Co., Inc. (b)   1,220    105,042 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
American Water Works Co., Inc. (b)   413   $50,473 
Atmos Energy Corp. (b)   391    46,478 
CenterPoint Energy, Inc. (b)   1,531    43,618 
CMS Energy Corp. (b)   711    42,902 
Consolidated Edison, Inc. (b)   858    77,915 
Constellation Energy Corp. (b)   731    135,125 
Dominion Energy, Inc. (b)   1,994    98,085 
DTE Energy Co. (b)   403    45,192 
Duke Energy Corp. (b)   1,713    165,664 
Edison International (b)   816    57,716 
Entergy Corp. (b)   502    53,051 
Evergy, Inc. (b)   586    31,281 
Eversource Energy (b)   811    48,473 
Exelon Corp. (b)   2,349    88,252 
FirstEnergy Corp. (b)   1,189    45,919 
NextEra Energy, Inc. (b)   4,761    304,275 
NiSource, Inc. (b)   1,069    29,569 
NRG Energy, Inc. (b)   510    34,522 
PG&E Corp. (b)   4,783    80,163 
Pinnacle West Capital Corp. (b)   241    18,010 
PPL Corp. (b)   1,758    48,398 
Public Service Enterprise Group, Inc. (b)   1,231    82,206 
Sempra (b)   1,384    99,413 
Southern Co. (b)   2,435    174,687 
WEC Energy Group, Inc. (b)   646    53,050 
Xcel Energy, Inc. (b)   1,333    71,649 
         2,229,009 
           
TOTAL COMMON STOCK
(Cost $56,292,545)
        101,283,226 
           
TOTAL EQUITIES
(Cost $56,292,545)
        101,283,226 
           
           
   Principal
Amount
    
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(#) — 0.4%
(Cost $794,227)
        415,084 
           

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
          
           
RIGHTS — 0.0%          
           
Health Care — 0.0%          
Abiomed, Inc., CVR (a) (b) (c) (d)   136   $ 
           
TOTAL RIGHTS
(Cost $138)
         
           
TOTAL LONG-TERM INVESTMENTS
(Cost $57,086,910)
        101,698,310 
           
   Principal
Amount
     
SHORT-TERM INVESTMENTS — 2.6%          
Repurchase Agreement — 2.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e)  $2,669,674    2,669,674 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,669,674)
        2,669,674 
           
TOTAL INVESTMENTS — 102.2%
(Cost $59,756,584) (f)
        104,367,984 
           
Other Assets/(Liabilities) — (2.2)%        (2,235,705) 
           
NET ASSETS — 100.0%       $102,132,279 

 

Abbreviation Legend

CVR Contingent Value Rights

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) All or a portion of this security is pledged/held as collateral for open derivatives.
(c) Investment is valued using significant unobservable inputs.
(d) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2024, these securities amounted to a value of $0 or 0.00% of net assets.
(e) Maturity value of $2,670,148. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $2,723,141.
(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  5/17/24   4,700.00    28   USD   13,160,000   $21,000   $136,234   $(115,234)
S&P 500 Index  5/17/24   4,750.00    28   USD   13,300,000    22,792    109,746    (86,954)
S&P 500 Index  5/17/24   4,850.00    27   USD   13,095,000    30,888    100,859    (69,971)
S&P 500 Index  5/31/24   4,850.00    27   USD   13,095,000    45,360    97,619    (52,259)
S&P 500 Index  6/21/24   4,900.00    27   USD   13,230,000    80,730    129,613    (48,883)
S&P 500 Index  6/21/24   4,950.00    27   USD   13,365,000    89,910    99,238    (9,328)
S&P 500 Index  6/28/24   5,000.00    28   USD   14,000,000    124,404    120,918    3,486 
                        $415,084   $794,227   $(379,143)

 

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  4/30/24   5,125.00    21   USD   10,762,500   $(360,570)   $(91,063)   $(269,507)
S&P 500 Index  4/30/24   5,200.00    22   USD   11,440,000    (253,066)    (91,245)    (161,821)
S&P 500 Index  5/17/24   5,175.00    22   USD   11,385,000    (368,324)    (123,928)    (244,396)
S&P 500 Index  5/17/24   5,275.00    22   USD   11,605,000    (201,982)    (111,353)    (90,629)
S&P 500 Index  5/17/24   5,350.00    21   USD   11,235,000    (116,760)    (76,559)    (40,201)
S&P 500 Index  5/31/24   5,400.00    21   USD   11,340,000    (116,760)    (85,185)    (31,575)
S&P 500 Index  6/21/24   5,425.00    21   USD   11,392,500    (136,479)    (131,711)    (4,768)
S&P 500 Index  6/21/24   5,450.00    21   USD   11,445,000    (121,170)    (140,396)    19,226
S&P 500 Index  6/28/24   5,500.00    21   USD   11,550,000    (100,590)    (104,927)    4,337 
                        $(1,775,701)   $(956,367)   $(819,334)

 

Currency Legend

USD U.S. Dollar

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 96.8%          
           
COMMON STOCK — 96.6%          
Communication Services — 6.2%          
Liberty Media Corp-Liberty Formula One Class C (a)   31,260   $2,050,656 
Match Group, Inc. (a)   41,095    1,490,927 
New York Times Co. Class A   24,600    1,063,212 
Pinterest, Inc. Class A (a)   64,240    2,227,201 
Reddit, Inc. (a) (b)   4,870    240,188 
Spotify Technology SA (a)   29,030    7,661,017 
Take-Two Interactive Software, Inc. (a)   14,134    2,098,758 
Trade Desk, Inc. Class A (a)   59,000    5,157,780 
         21,989,739 
Consumer Discretionary — 11.0%          
Bath & Body Works, Inc.   46,700    2,335,934 
Birkenstock Holding PLC (a)   11,857    560,243 
Bright Horizons Family Solutions, Inc. (a)   8,300    940,888 
Burlington Stores, Inc. (a)   13,000    3,018,470 
Caesars Entertainment, Inc. (a)   33,105    1,448,013 
Chipotle Mexican Grill, Inc. (a)   100    290,677 
Domino's Pizza, Inc.   9,402    4,671,666 
DoorDash, Inc., Class A (a)   18,000    2,478,960 
DraftKings, Inc. Class A (a)   46,657    2,118,694 
Five Below, Inc. (a) (b)   8,300    1,505,454 
Hilton Worldwide Holdings, Inc.   21,700    4,628,827 
Lululemon Athletica, Inc. (a)   1,300    507,845 
On Holding AG, Class A (a) (b)   49,695    1,758,209 
Ross Stores, Inc.   46,707    6,854,719 
Tractor Supply Co.   2,685    702,718 
Ulta Beauty, Inc. (a)   4,100    2,143,808 
Yum! Brands, Inc.   24,207    3,356,301 
         39,321,426 
Consumer Staples — 4.1%          
Boston Beer Co., Inc. Class A (a)   2,094    637,455 
Casey's General Stores, Inc.   7,300    2,324,685 
Celsius Holdings, Inc. (a)   18,653    1,546,707 
Dollar General Corp.   4,574    713,818 
Dollar Tree, Inc. (a)   21,229    2,826,641 
elf Beauty, Inc. (a)   7,322    1,435,332 
Freshpet, Inc. (a)   16,233    1,880,755 
Kenvue, Inc.   37,262    799,643 
McCormick & Co., Inc.   8,200    629,842 
Reynolds Consumer Products, Inc.   31,800    908,208 
TreeHouse Foods, Inc. (a)   24,507    954,548 
         14,657,634 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Energy — 4.3%          
Cheniere Energy, Inc.   37,065   $5,977,843 
Chesapeake Energy Corp. (b)   14,100    1,252,503 
Coterra Energy, Inc.   47,200    1,315,936 
EQT Corp.   56,800    2,105,576 
Range Resources Corp.   28,900    995,027 
TechnipFMC PLC   95,408    2,395,695 
Weatherford International PLC (a)   9,500    1,096,490 
         15,139,070 
Financials — 7.2%          
Ares Management Corp. Class A   23,198    3,084,870 
Assurant, Inc.   16,100    3,030,664 
Axis Capital Holdings Ltd.   12,500    812,750 
Cboe Global Markets, Inc.   7,400    1,359,602 
Corpay, Inc. (a)   6,400    1,974,656 
Intercontinental Exchange, Inc.   21,600    2,968,488 
KKR & Co., Inc.   31,300    3,148,154 
Markel Group, Inc. (a)   620    943,318 
MarketAxess Holdings, Inc.   6,200    1,359,350 
Raymond James Financial, Inc.   15,200    1,951,984 
Toast, Inc., Class A (a)   16,500    411,180 
Tradeweb Markets, Inc. Class A   43,053    4,484,831 
         25,529,847 
Health Care — 22.1%          
Acadia Healthcare Co., Inc. (a)   33,700    2,669,714 
Agilent Technologies, Inc.   40,300    5,864,053 
Alcon, Inc.   25,200    2,098,908 
Align Technology, Inc. (a)   8,298    2,721,080 
Alnylam Pharmaceuticals, Inc. (a)   24,558    3,670,193 
Apellis Pharmaceuticals, Inc. (a)   10,682    627,888 
Argenx SE ADR (a)   4,123    1,623,308 
Ascendis Pharma AS ADR (a)   6,200    937,254 
Avantor, Inc. (a)   161,600    4,132,112 
Biogen, Inc. (a)   9,600    2,070,048 
Bruker Corp.   44,358    4,166,991 
Catalent, Inc. (a)   16,348    922,845 
The Cooper Cos., Inc.   27,600    2,800,296 
CRISPR Therapeutics AG (a) (b)   8,175    557,208 
Cytokinetics, Inc. (a) (b)   8,200    574,902 
DENTSPLY SIRONA, Inc.   35,200    1,168,288 
Enovis Corp. (a)   25,978    1,622,326 
Exact Sciences Corp. (a)   39,335    2,716,475 
Hologic, Inc. (a)   87,100    6,790,316 
ICON PLC (a)   6,518    2,189,722 
Inspire Medical Systems, Inc. (a)   9,494    2,039,216 
Ionis Pharmaceuticals, Inc. (a)   38,500    1,668,975 
Mettler-Toledo International, Inc. (a)   1,060    1,411,167 
Molina Healthcare, Inc. (a)   12,447    5,113,601 
Quidelortho Corp. (a)   27,133    1,300,756 
Repligen Corp. (a)   15,988    2,940,513 
Sarepta Therapeutics, Inc. (a)   7,220    934,701 
Teleflex, Inc.   20,940    4,736,000 
Vaxcyte, Inc. (a)   5,430    370,923 
Veeva Systems, Inc. Class A (a)   29,359    6,802,187 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
West Pharmaceutical Services, Inc.   4,035   $1,596,690 
         78,838,656 
Industrials — 15.9%          
Axon Enterprise, Inc. (a)   7,844    2,454,231 
Broadridge Financial Solutions, Inc.   10,500    2,151,030 
Builders FirstSource, Inc. (a)   10,021    2,089,879 
BWX Technologies, Inc.   50,445    5,176,666 
Clean Harbors, Inc. (a)   16,622    3,346,175 
Equifax, Inc.   15,100    4,039,552 
Esab Corp.   25,183    2,784,484 
Ferguson PLC   5,300    1,157,679 
Fortive Corp.   36,500    3,139,730 
Howmet Aerospace, Inc.   5,000    342,150 
IDEX Corp.   6,600    1,610,532 
Ingersoll Rand, Inc.   45,300    4,301,235 
JB Hunt Transport Services, Inc.   20,900    4,164,325 
Paylocity Holding Corp. (a)   15,300    2,629,458 
Quanta Services, Inc.   3,300    857,340 
Shoals Technologies Group, Inc. Class A (a)   21,600    241,488 
Southwest Airlines Co.   45,200    1,319,388 
Textron, Inc.   52,693    5,054,839 
TransUnion   49,676    3,964,145 
United Rentals, Inc.   2,770    1,997,475 
Veralto Corp.   16,200    1,436,292 
Verisk Analytics, Inc.   5,800    1,367,234 
Waste Connections, Inc.   5,700    980,457 
         56,605,784 
Information Technology — 19.9%          
Amphenol Corp. Class A   21,900    2,526,165 
Aspen Technology, Inc. (a)   12,804    2,730,837 
Astera Labs, Inc. (a)   709    52,601 
Atlassian Corp. Class A (a)   4,700    917,017 
CCC Intelligent Solutions Holdings, Inc. (a)   175,601    2,100,188 
CDW Corp.   17,450    4,463,361 
Cognex Corp.   24,000    1,018,080 
Crowdstrike Holdings, Inc. Class A (a)   13,610    4,363,230 
Fair Isaac Corp. (a)   2,450    3,061,544 
Fortinet, Inc. (a)   20,700    1,414,017 
Gartner, Inc. (a)   9,746    4,645,626 
HubSpot, Inc. (a)   3,460    2,167,898 
Keysight Technologies, Inc. (a)   20,900    3,268,342 
KLA Corp.   1,984    1,385,963 
Lattice Semiconductor Corp. (a) (b)   40,300    3,152,669 
Littelfuse, Inc.   1,800    436,230 
Marvell Technology, Inc.   101,407    7,187,728 
Microchip Technology, Inc.   85,300    7,652,263 
MongoDB, Inc. (a)   8,070    2,894,225 
NXP Semiconductors NV   5,400    1,337,958 
PTC, Inc. (a)   39,092    7,386,042 
Pure Storage, Inc. Class A (a)   13,300    691,467 
Roper Technologies, Inc.   2,450    1,374,058 
Silicon Laboratories, Inc. (a)   15,368    2,208,689 
Tyler Technologies, Inc. (a)   5,300    2,252,553 
         70,688,751 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Materials — 4.2%          
Avery Dennison Corp.   16,000   $3,572,000 
Ball Corp.   72,747    4,900,238 
Martin Marietta Materials, Inc.   6,460    3,966,052 
RPM International, Inc.   9,900    1,177,605 
Sealed Air Corp.   40,000    1,488,000 
         15,103,895 
Real Estate — 1.7%          
CoStar Group, Inc. (a)   41,797    4,037,590 
SBA Communications Corp.   9,587    2,077,503 
         6,115,093 
           
TOTAL COMMON STOCK
(Cost $249,732,400)
        343,989,895 
           
PREFERRED STOCK — 0.2%          
Consumer Discretionary — 0.0%          
Nuro, Inc., Series D (Acquired 10/29/21, Cost $159,220) (a) (c) (d) (e)   7,638    31,239 
Health Care — 0.0%          
Caris Life Sciences, Inc., Series D (Acquired 5/11/21, Cost $271,366) (a) (c) (d) (e)   33,502    121,947 
Industrials — 0.1%          
Sila Nanotechnologies, Inc., Series F (Acquired 1/07/21, Cost $407,982) (a) (c) (d) (e)   9,885    200,468 
Information Technology — 0.0%          
Databricks, Inc., Series H (Acquired 8/31/21, Cost $185,327) (a) (c) (d) (e)   2,522    185,367 
Materials — 0.1%          
Redwood Materials, Inc., Series C (Acquired 5/28/21, Cost $200,090) (a) (c) (d) (e)   4,221    201,493 
           
TOTAL PREFERRED STOCK
(Cost $1,223,984)
        740,514 
           
TOTAL EQUITIES
(Cost $250,956,384)
        344,730,409 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $250,956,384)
        344,730,409 
           
SHORT-TERM INVESTMENTS — 2.8%          
Investment of Cash Collateral from Securities Loaned — 0.2%          
State Street Navigator Securities Lending Government Money Market Portfolio (f)   542,618    542,618 
Mutual Fund — 0.0%          
T. Rowe Price Treasury Reserve Fund   108    108 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Repurchase Agreement — 2.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (g)  $9,351,186   $9,351,186 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $9,893,912)
        9,893,912 
           
TOTAL INVESTMENTS — 99.6%
(Cost $260,850,296) (h)
        354,624,321 
           
Other Assets/(Liabilities) — 0.4%        1,369,333 
           
NET ASSETS — 100.0%       $355,993,654 

 

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 March 31, 2024, was $8,950,689 or 2.51% of net assets. The Fund received $8,662,760 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) Investment is valued using significant unobservable inputs.
(d) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2024, these securities amounted to a value of $740,514 or 0.21% of net assets.
(e) Restricted security. Certain securities are restricted to resale. At March 31, 2024, these securities amounted to a value of $740,514 or 0.21% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities.
(f) Represents investment of security lending cash collateral. (Note 2).
(g) Maturity value of $9,352,848. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $9,538,241.
(h) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.3%          
           
COMMON STOCK — 98.5%          
Communication Services — 3.1%          
BCE, Inc.   58,706   $1,994,933 
Electronic Arts, Inc.   7,113    943,682 
Fox Corp. Class B   56,751    1,624,214 
Interpublic Group of Cos., Inc.   102,213    3,335,210 
Omnicom Group, Inc.   6,332    612,684 
         8,510,723 
Consumer Discretionary — 3.5%          
Aptiv PLC (a)   25,629    2,041,350 
BorgWarner, Inc.   66,232    2,300,900 
Cie Generale des Etablissements Michelin SCA Class A   24,595    942,974 
Darden Restaurants, Inc.   8,855    1,480,113 
Mohawk Industries, Inc. (a)   13,365    1,749,345 
Sodexo SA   10,993    942,556 
         9,457,238 
Consumer Staples — 11.3%          
Conagra Brands, Inc.   221,476    6,564,549 
Dollar Tree, Inc. (a)   28,782    3,832,323 
General Mills, Inc.   46,328    3,241,570 
Heineken NV   21,751    2,095,831 
Kenvue, Inc.   139,553    2,994,807 
Kimberly-Clark Corp.   41,762    5,401,915 
Koninklijke Ahold Delhaize NV   169,848    5,078,426 
Pernod Ricard SA   8,381    1,355,118 
         30,564,539 
Energy — 5.7%          
Baker Hughes Co.   87,534    2,932,389 
Coterra Energy, Inc.   50,672    1,412,735 
Enterprise Products Partners LP (b)   189,929    5,542,128 
EQT Corp.   59,556    2,207,741 
Occidental Petroleum Corp.   51,150    3,324,239 
         15,419,232 
Financials — 16.9%          
Aflac, Inc.   20,042    1,720,806 
AllianceBernstein Holding LP (b)   22,743    790,092 
Allstate Corp.   27,140    4,695,491 
Ameriprise Financial, Inc.   3,350    1,468,774 
Bank of New York Mellon Corp.   100,259    5,776,924 
Commerce Bancshares, Inc.   45,123    2,400,544 
First Hawaiian, Inc.   62,012    1,361,783 
Hanover Insurance Group, Inc.   16,181    2,203,367 

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Northern Trust Corp.   65,934   $5,862,851 
PNC Financial Services Group, Inc.   9,072    1,466,035 
Reinsurance Group of America, Inc.   19,750    3,809,380 
T. Rowe Price Group, Inc.   27,560    3,360,115 
Truist Financial Corp.   102,904    4,011,198 
US Bancorp   26,905    1,202,653 
Westamerica BanCorp   27,603    1,349,235 
Willis Towers Watson PLC   15,252    4,194,300 
         45,673,548 
Health Care — 15.3%          
Becton Dickinson & Co.   8,214    2,032,554 
Cardinal Health, Inc.   26,979    3,018,950 
Cencora, Inc.   4,328    1,051,661 
Centene Corp. (a)   24,719    1,939,947 
DENTSPLY SIRONA, Inc.   49,391    1,639,287 
Envista Holdings Corp. (a)   78,670    1,681,965 
GE HealthCare Technologies, Inc. (a)   18,415    1,674,108 
Henry Schein, Inc. (a)   71,338    5,387,446 
Hologic, Inc. (a)   31,201    2,432,430 
Laboratory Corp. of America Holdings   12,600    2,752,596 
Quest Diagnostics, Inc.   40,341    5,369,790 
Universal Health Services, Inc. Class B   22,108    4,033,826 
Zimmer Biomet Holdings, Inc.   62,777    8,285,308 
         41,299,868 
Industrials — 14.3%          
Atkore, Inc.   4,089    778,382 
Beacon Roofing Supply, Inc. (a)   29,227    2,864,831 
Bunzl PLC   66,956    2,578,382 
Cie de Saint-Gobain SA   26,259    2,036,275 
Cummins, Inc.   4,639    1,366,881 
Dover Corp.   4,532    803,025 
Emerson Electric Co.   35,691    4,048,073 
General Dynamics Corp.   3,805    1,074,875 
Heartland Express, Inc.   75,009    895,608 
Huntington Ingalls Industries, Inc.   6,243    1,819,647 
Johnson Controls International PLC   32,422    2,117,805 
MSC Industrial Direct Co., Inc. Class A   21,408    2,077,432 
Norfolk Southern Corp.   17,079    4,352,925 
Oshkosh Corp.   20,230    2,522,883 
Republic Services, Inc.   8,329    1,594,504 
Southwest Airlines Co.   109,790    3,204,770 
Timken Co.   15,523    1,357,176 
Vinci SA   24,846    3,182,470 
         38,675,944 
Information Technology — 6.4%          
Amdocs Ltd.   35,558    3,213,376 
Cognizant Technology Solutions Corp. Class A   17,152    1,257,070 
F5, Inc. (a)   17,921    3,397,642 
HP, Inc.   94,776    2,864,131 
Juniper Networks, Inc.   53,382    1,978,337 
TE Connectivity Ltd.   17,844    2,591,663 

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Teradyne, Inc.   18,901   $2,132,600 
         17,434,819 
Materials — 3.8%          
Akzo Nobel NV   40,077    2,989,202 
Amcor PLC   201,838    1,919,479 
Packaging Corp. of America   16,284    3,090,378 
Sonoco Products Co.   37,527    2,170,562 
         10,169,621 
Real Estate — 6.6%          
Equity Residential   31,132    1,964,741 
Essex Property Trust, Inc.   5,168    1,265,178 
Healthpeak Properties, Inc.   165,607    3,105,131 
Public Storage   9,961    2,889,288 
Realty Income Corp.   76,086    4,116,253 
Regency Centers Corp.   46,249    2,800,839 
VICI Properties, Inc.   55,436    1,651,438 
         17,792,868 
Utilities — 11.6%          
CMS Energy Corp.   41,122    2,481,301 
Duke Energy Corp.   43,542    4,210,947 
Edison International   62,490    4,419,918 
Evergy, Inc.   56,155    2,997,554 
Eversource Energy   47,536    2,841,227 
Northwestern Energy Group, Inc.   84,255    4,291,107 
ONE Gas, Inc.   27,017    1,743,407 
Pinnacle West Capital Corp.   35,290    2,637,222 
Spire, Inc.   50,466    3,097,098 
WEC Energy Group, Inc.   30,889    2,536,605 
         31,256,386 
           
TOTAL COMMON STOCK
(Cost $257,756,746)
        266,254,786 
           
PREFERRED STOCK — 0.8%          
Consumer Staples — 0.8%          
Henkel AG & Co. KGaA 2.487%          
   26,741    2,149,103 
           
TOTAL PREFERRED STOCK
(Cost $1,781,470)
        2,149,103 
           
TOTAL EQUITIES
(Cost $259,538,216)
        268,403,889 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $259,538,216)
        268,403,889 
           

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
SHORT-TERM INVESTMENTS — 0.7%          
           
Repurchase Agreement — 0.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (c)  $2,016,999   $2,016,999 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,016,999)
        2,016,999 
           
TOTAL INVESTMENTS — 100.0%
(Cost $261,555,215) (d)
        270,420,888 
           
Other Assets/(Liabilities) — 0.0%        30,323 
           
NET ASSETS — 100.0%       $270,451,211 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Security is a Master Limited Partnership.
(c) Maturity value of $2,017,358. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $2,057,441.
(d) 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.  6/28/24  USD  5,768,247   EUR  5,304,633   $25,293 
Goldman Sachs & Co.  6/28/24  USD  1,701,104   CAD  2,307,880    (4,825) 
JP Morgan Chase Bank N.A.  6/28/24  USD  6,335,532   EUR  5,829,593    24,240 
Morgan Stanley & Co. LLC  6/28/24  USD  2,204,490   GBP  1,742,095    4,719 
Morgan Stanley & Co. LLC  6/28/24  USD  5,769,836   EUR  5,304,633    26,881
                    $76,308

 

Currency Legend

CAD Canadian Dollar
EUR Euro
GBP British Pound
USD U.S. Dollar

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 97.7%          
           
COMMON STOCK — 97.7%          
Communication Services — 3.1%          
Cargurus, Inc. (a)   54,997   $1,269,331 
Cinemark Holdings, Inc. (a)   42,975    772,260 
Criteo SA Sponsored ADR (a)   21,343    748,499 
Eventbrite, Inc. Class A (a)   102,108    559,552 
New York Times Co. Class A   19,322    835,097 
Ziff Davis, Inc. (a)   10,427    657,318 
         4,842,057 
Consumer Discretionary — 11.1%          
Abercrombie & Fitch Co. Class A (a)   5,265    659,862 
Acushnet Holdings Corp.   8,549    563,807 
American Eagle Outfitters, Inc.   14,800    381,692 
Boot Barn Holdings, Inc. (a)   14,440    1,373,966 
Boyd Gaming Corp.   14,173    954,126 
Carter's, Inc.   7,888    667,956 
Century Communities, Inc.   8,673    836,945 
Crocs, Inc. (a)   4,922    707,784 
Duolingo, Inc. (a)   1,601    353,149 
European Wax Center, Inc. Class A (a)   41,142    534,023 
Genius Sports Ltd. (a) (b)   91,849    524,458 
Global-e Online Ltd. (a)   16,838    612,061 
Goodyear Tire & Rubber Co. (a)   50,565    694,257 
H&R Block, Inc.   18,511    909,075 
Modine Manufacturing Co. (a)   7,183    683,750 
Papa John's International, Inc.   10,055    669,663 
Patrick Industries, Inc.   4,428    529,013 
Skyline Champion Corp. (a)   26,058    2,215,191 
Steven Madden Ltd. (b)   17,991    760,659 
Visteon Corp. (a)   5,012    589,461 
Wingstop, Inc.   2,392    876,429 
YETI Holdings, Inc. (a)   28,144    1,084,951 
         17,182,278 
Consumer Staples — 4.0%          
BellRing Brands, Inc. (a)   9,716    573,536 
Celsius Holdings, Inc. (a)   20,758    1,721,254 
elf Beauty, Inc. (a)   11,672    2,288,062 
Freshpet, Inc. (a)   8,776    1,016,787 
Simply Good Foods Co. (a)   17,310    589,059 
         6,188,698 
Energy — 6.4%          
Cactus, Inc. Class A   21,131    1,058,452 
Chord Energy Corp.   11,034    1,966,700 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Gulfport Energy Corp. (a)   6,170   $987,940 
Magnolia Oil & Gas Corp. Class A   34,697    900,387 
Seadrill Ltd. (a)   30,163    1,517,199 
Sitio Royalties Corp. Class A   32,197    795,910 
Viper Energy, Inc.   66,869    2,571,782 
         9,798,370 
Financials — 9.7%          
Ameris Bancorp   18,224    881,677 
Assured Guaranty Ltd.   11,127    970,831 
Cadence Bank   58,492    1,696,268 
Hancock Whitney Corp.   19,649    904,640 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)   58,346    1,657,027 
Kemper Corp.   15,310    947,995 
MGIC Investment Corp.   29,153    651,861 
National Bank Holdings Corp. Class A   25,131    906,475 
PJT Partners, Inc. Class A   14,720    1,387,507 
PRA Group, Inc. (a)   35,566    927,561 
Seacoast Banking Corp. of Florida   33,472    849,854 
Selective Insurance Group, Inc.   7,435    811,679 
SiriusPoint Ltd. (a)   64,751    822,985 
StepStone Group, Inc. Class A   20,381    728,417 
UMB Financial Corp.   9,008    783,606 
         14,928,383 
Health Care — 16.8%          
Acadia Healthcare Co., Inc. (a)   17,551    1,390,390 
Akero Therapeutics, Inc. (a) (b)   25,096    633,925 
Amicus Therapeutics, Inc. (a)   25,886    304,937 
Apellis Pharmaceuticals, Inc. (a)   10,946    643,406 
Apogee Therapeutics, Inc. (a)   7,486    497,445 
Axsome Therapeutics, Inc. (a)   3,550    283,290 
Blueprint Medicines Corp. (a)   6,039    572,859 
Celldex Therapeutics, Inc. (a)   13,728    576,164 
Crinetics Pharmaceuticals, Inc. (a)   17,978    841,550 
Cytokinetics, Inc. (a)   13,137    921,035 
Disc Medicine, Inc. (a)   4,473    278,489 
Evolent Health, Inc. Class A (a)   21,405    701,870 
Glaukos Corp. (a)   5,963    562,251 
Globus Medical, Inc. Class A (a)   13,704    735,083 
Haemonetics Corp. (a)   22,543    1,924,045 
HealthEquity, Inc. (a)   9,528    777,771 
Immatics NV (a)   55,906    587,572 
Immunocore Holdings PLC ADR (a)   6,161    400,465 
Inari Medical, Inc. (a)   12,033    577,343 
Inspire Medical Systems, Inc. (a)   4,153    892,023 
Intellia Therapeutics, Inc. (a)   6,969    191,717 
Intra-Cellular Therapies, Inc. (a)   8,594    594,705 
Kymera Therapeutics, Inc. (a)   15,193    610,759 
Longboard Pharmaceuticals, Inc. (a)   10,186    220,018 
Merus NV (a)   8,984    404,549 
Morphic Holding, Inc. (a)   10,552    371,430 
Myriad Genetics, Inc. (a)   35,960    766,667 
PROCEPT BioRobotics Corp. (a) (b)   31,873    1,575,164 
Prothena Corp. PLC (a)   4,575    113,323 
PTC Therapeutics, Inc. (a)   8,612    250,523 
Revolution Medicines, Inc. (a)   33,605    1,083,089 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Rocket Pharmaceuticals, Inc. (a)   35,989   $969,544 
Shockwave Medical, Inc. (a)   3,225    1,050,157 
Spyre Therapeutics, Inc. (a) (b)   4,600    174,478 
Structure Therapeutics, Inc. ADR (a)   11,530    494,176 
Surgery Partners, Inc. (a)   22,701    677,171 
Syndax Pharmaceuticals, Inc. (a)   18,698    445,012 
Vaxcyte, Inc. (a)   9,639    658,440 
Veracyte, Inc. (a)   25,649    568,382 
Verona Pharma PLC ADR (a) (b)   18,424    296,442 
Xenon Pharmaceuticals, Inc. (a)   7,656    329,591 
         25,947,250 
Industrials — 23.4%          
Acuity Brands, Inc.   2,884    775,017 
Air Lease Corp.   23,851    1,226,895 
Ameresco, Inc. Class A (a)   16,193    390,737 
Applied Industrial Technologies, Inc.   10,481    2,070,522 
Aris Water Solutions, Inc. Class A   23,965    339,105 
Atmus Filtration Technologies, Inc. (a)   14,200    457,950 
AZEK Co., Inc. (a)   54,201    2,721,974 
Boise Cascade Co.   6,964    1,068,069 
Casella Waste Systems, Inc. Class A (a)   9,147    904,364 
Comfort Systems USA, Inc.   4,715    1,498,003 
Curtiss-Wright Corp.   5,371    1,374,654 
Enpro, Inc.   5,800    978,866 
Exlservice Holdings, Inc. (a)   41,221    1,310,828 
Flowserve Corp.   20,590    940,551 
Fluor Corp. (a)   70,103    2,963,955 
GATX Corp.   5,838    782,467 
Helios Technologies, Inc.   17,040    761,518 
Herc Holdings, Inc.   4,170    701,811 
Kennametal, Inc. (b)   20,928    521,944 
Kirby Corp. (a)   10,269    978,841 
Leonardo DRS, Inc. (a)   25,788    569,657 
ManpowerGroup, Inc.   9,455    734,086 
McGrath RentCorp   5,950    734,052 
Middleby Corp. (a)   4,498    723,233 
NEXTracker, Inc. Class A (a)   12,433    699,605 
Rush Enterprises, Inc. Class A   40,889    2,188,379 
RXO, Inc. (a)   32,774    716,767 
Ryder System, Inc.   6,888    827,869 
Shoals Technologies Group, Inc. Class A (a)   93,664    1,047,164 
TriNet Group, Inc.   9,061    1,200,492 
Verra Mobility Corp. (a)   76,753    1,916,522 
Zurn Elkay Water Solutions Corp. Class C   61,279    2,051,008 
         36,176,905 
Information Technology — 13.5%          
Belden, Inc.   8,782    813,301 
Calix, Inc. (a)   8,279    274,532 
Cirrus Logic, Inc. (a)   6,511    602,658 
Clearwater Analytics Holdings, Inc. Class A (a)   38,626    683,294 
Crane NXT Co.   14,177    877,556 
CyberArk Software Ltd. (a)   4,685    1,244,477 
DoubleVerify Holdings, Inc. (a)   50,703    1,782,717 
ePlus, Inc. (a)   6,078    477,366 
Fabrinet (a)   2,056    388,625 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Five9, Inc. (a)   11,693   $726,252 
FormFactor, Inc. (a)   16,568    755,998 
Intapp, Inc. (a)   10,607    363,820 
Jamf Holding Corp. (a)   77,758    1,426,859 
Manhattan Associates, Inc. (a)   3,263    816,501 
MKS Instruments, Inc.   5,392    717,136 
Novanta, Inc. (a)   5,818    1,016,812 
Perficient, Inc. (a)   11,381    640,637 
Power Integrations, Inc.   8,887    635,865 
PowerSchool Holdings, Inc. Class A (a)   50,224    1,069,269 
Rapid7, Inc. (a)   12,359    606,085 
SiTime Corp. (a)   4,200    391,566 
Sprout Social, Inc. Class A (a)   26,708    1,594,735 
Squarespace, Inc. Class A (a)   34,816    1,268,695 
Synaptics, Inc. (a)   6,759    659,408 
Universal Display Corp.   2,121    357,282 
Viavi Solutions, Inc. (a)   73,307    666,361 
         20,857,807 
Materials — 3.5%          
Arcadium Lithium PLC (a) (b)   171,931    741,022 
Cabot Corp.   30,586    2,820,029 
Graphic Packaging Holding Co.   33,216    969,243 
Methanex Corp.   19,176    855,825 
         5,386,119 
Real Estate — 5.2%          
American Healthcare REIT, Inc.   41,817    616,801 
Douglas Emmett, Inc. (b)   43,602    604,760 
Essential Properties Realty Trust, Inc.   32,456    865,277 
National Storage Affiliates Trust   18,637    729,825 
Phillips Edison & Co., Inc.   46,746    1,676,779 
PotlatchDeltic Corp.   9,926    466,720 
Ryman Hospitality Properties, Inc.   11,402    1,318,185 
Terreno Realty Corp.   12,502    830,133 
Xenia Hotels & Resorts, Inc.   56,687    850,872 
         7,959,352 
Utilities — 1.0%          
IDACORP, Inc.   7,947    738,197 
ONE Gas, Inc.   12,198    787,137 
         1,525,334 
           
TOTAL COMMON STOCK
(Cost $123,394,397)
        150,792,553 
           
TOTAL EQUITIES
(Cost $123,394,397)
        150,792,553 
           
EXCHANGE-TRADED FUNDS — 1.0%          
iShares Russell 2000 ETF (b)   5,178    1,088,933 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
iShares Russell 2000 Growth ETF (b)   1,731   $468,755 
           
TOTAL EXCHANGE-TRADED FUNDS
(Cost $1,525,870)
        1,557,688 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $124,920,267)
        152,350,241 
           
SHORT-TERM INVESTMENTS — 2.1%          
Investment of Cash Collateral from Securities Loaned — 1.0%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   1,517,043   1,517,043 
           
   Principal
Amount
    
Repurchase Agreement — 1.1%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d)  $1,736,926    1,736,926 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,253,969)
        3,253,969 
           
TOTAL INVESTMENTS — 100.8%
(Cost $128,174,236) (e)
        155,604,210 
           
Other Assets/(Liabilities) — (0.8)%        (1,213,877) 
           
NET ASSETS — 100.0%       $154,390,333 

 

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 March 31, 2024, was $7,672,352 or 4.97% of net assets. The Fund received $6,364,198 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 $1,737,235. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,771,774.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Small Company Value Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 101.0%          
           
COMMON STOCK — 101.0%          
Communication Services — 1.7%          
Cable One, Inc.   2,398   $1,014,666 
Entravision Communications Corp. Class A   106,937    175,377 
Townsquare Media, Inc. Class A   6,339    69,602 
         1,259,645 
Consumer Discretionary — 12.4%          
Accel Entertainment, Inc. (a)   33,516    395,154 
Boyd Gaming Corp.   7,878    530,347 
BRP, Inc. (b)   7,507    503,720 
Brunswick Corp.   10,765    1,039,038 
Cavco Industries, Inc. (a)   863    344,389 
Dave & Buster's Entertainment, Inc. (a)   11,364    711,386 
Everi Holdings, Inc. (a)   46,521    467,536 
Malibu Boats, Inc. Class A (a)   7,422    321,224 
MarineMax, Inc. (a)   22,197    738,272 
OneWater Marine, Inc. Class A (a) (b)   16,838    473,990 
Penske Automotive Group, Inc.   3,280    531,327 
Red Robin Gourmet Burgers, Inc. (a) (b)   7,638    58,507 
Skyline Champion Corp. (a)   13,957    1,186,484 
Solo Brands, Inc. Class A (a) (b)   52,978    114,962 
Tapestry, Inc.   31,144    1,478,717 
Topgolf Callaway Brands Corp. (a)   18,922    305,969 
         9,201,022 
Consumer Staples — 3.7%          
Edgewell Personal Care Co.   31,798    1,228,675 
Spectrum Brands Holdings, Inc.   13,266    1,180,806 
Turning Point Brands, Inc.   10,350    303,255 
         2,712,736 
Energy — 11.1%          
Cactus, Inc. Class A   22,135    1,108,742 
ChampionX Corp.   52,774    1,894,059 
Chord Energy Corp.   6,656    1,186,365 
Mach Natural Resources LP   18,648    359,906 
Magnolia Oil & Gas Corp. Class A   59,045    1,532,218 
Northern Oil & Gas, Inc.   34,836    1,382,293 
Permian Resources Corp. (b)   41,619    734,992 
         8,198,575 
Financials — 31.3%          
A-Mark Precious Metals, Inc. (b)   18,172    557,699 
Ameris Bancorp   17,999    870,792 
Axis Capital Holdings Ltd.   23,879    1,552,612 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Axos Financial, Inc. (a)   3,387   $183,033 
Banc of California, Inc.   22,344    339,852 
BankUnited, Inc.   10,492    293,776 
Columbia Banking System, Inc.   44,436    859,837 
Compass Diversified Holdings (b)   54,867    1,320,649 
CVB Financial Corp.   53,764    959,150 
Enact Holdings, Inc.   3,490    108,818 
Euronet Worldwide, Inc. (a)   10,343    1,137,006 
EVERTEC, Inc.   41,646    1,661,675 
Fidelis Insurance Holdings Ltd.   19,079    371,659 
First BanCorp   46,892    822,486 
First Interstate BancSystem, Inc. Class A   24,618    669,856 
First Merchants Corp.   9,119    318,253 
FNB Corp.   122,191    1,722,893 
Hamilton Insurance Group Ltd. Class B (a)   18,046    251,381 
Home BancShares, Inc.   53,284    1,309,188 
Old National Bancorp   107,932    1,879,096 
Origin Bancorp, Inc.   1,512    47,235 
Pacific Premier Bancorp, Inc.   27,950    670,800 
Patria Investments Ltd. Class A   16,976    251,924 
Popular, Inc.   6,162    542,810 
Provident Financial Services, Inc.   12,416    180,901 
Repay Holdings Corp. (a)   24,444    268,884 
SouthState Corp.   16,630    1,414,049 
UMB Financial Corp.   10,800    939,492 
Valley National Bancorp   56,973    453,505 
Webster Financial Corp.   22,727    1,153,850 
         23,113,161 
Health Care — 2.2%          
AMN Healthcare Services, Inc. (a)   3,623    226,474 
Embecta Corp.   31,850    422,650 
Enovis Corp. (a)   8,071    504,034 
Envista Holdings Corp. (a)   22,622    483,658 
         1,636,816 
Industrials — 18.8%          
Atmus Filtration Technologies, Inc. (a)   17,840    575,340 
Barrett Business Services, Inc.   1,698    215,171 
Beacon Roofing Supply, Inc. (a)   13,382    1,311,704 
Brink's Co.   15,796    1,459,234 
Deluxe Corp.   27,789    572,175 
DIRTT Environmental Solutions (a)   117,114    57,854 
DXP Enterprises, Inc. (a)   7,015    376,916 
Gates Industrial Corp. PLC (a)   71,986    1,274,872 
GMS, Inc. (a)   11,038    1,074,439 
Hillman Solutions Corp. (a)   59,244    630,356 
IBEX Holdings Ltd. (a)   12,681    195,668 
Karat Packaging, Inc.   1,896    54,245 
Korn Ferry   16,002    1,052,292 
Loomis AB   15,047    419,524 
Luxfer Holdings PLC   6,354    65,891 
NV5 Global, Inc. (a)   4,024    394,392 
Science Applications International Corp.   3,447    449,454 
Sensata Technologies Holding PLC   12,590    462,557 
Tecnoglass, Inc. (b)   19,869    1,033,784 
Timken Co.   18,806    1,644,209 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Titan Machinery, Inc. (a)   10,246   $254,203 
Verra Mobility Corp. (a)   11,566    288,803 
         13,863,083 
Information Technology — 8.6%          
Avnet, Inc.   26,539    1,315,803 
Axcelis Technologies, Inc. (a)   3,340    372,477 
Belden, Inc.   5,888    545,288 
Coherent Corp. (a)   18,549    1,124,440 
Cohu, Inc. (a)   11,987    399,527 
Kulicke & Soffa Industries, Inc.   21,354    1,074,320 
MKS Instruments, Inc.   1,400    186,200 
Teradata Corp. (a)   33,719    1,303,914 
         6,321,969 
Materials — 5.2%          
Graphic Packaging Holding Co.   71,900    2,098,042 
Ingevity Corp. (a)   6,918    329,989 
Minerals Technologies, Inc.   10,974    826,123 
Pactiv Evergreen, Inc.   42,255    605,091 
         3,859,245 
Real Estate — 4.4%          
CareTrust REIT, Inc.   34,293    835,720 
Ryman Hospitality Properties, Inc.   8,039    929,389 
Terreno Realty Corp.   14,925    991,020 
UMH Properties, Inc.   29,749    483,124 
         3,239,253 
Utilities — 1.6%          
ALLETE, Inc.   7,590    452,667 
Southwest Gas Holdings, Inc.   10,061    765,944 
         1,218,611 
           
TOTAL COMMON STOCK
(Cost $69,307,224)
        74,624,116 
           
TOTAL EQUITIES
(Cost $69,307,224)
        74,624,116 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $69,307,224)
        74,624,116 
           
SHORT-TERM INVESTMENTS — 1.6%          
Investment of Cash Collateral from Securities Loaned — 1.5%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   1,089,088    1,089,088 
           
   Principal
Amount
    
Repurchase Agreement — 0.1%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d)  $115,946   115,946 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,205,034)
       $1,205,034 
           
TOTAL INVESTMENTS — 102.6%
(Cost $70,512,258) (e)
        75,829,150 
           
Other Assets/(Liabilities) — (2.6)%        (1,954,990) 
           
NET ASSETS — 100.0%       $73,874,160 

 

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 March 31, 2024, was $3,616,831 or 4.90% of net assets. The Fund received $2,580,332 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 $115,967. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $118,317.
(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  6/28/24  USD  365,765   SEK  3,842,101   $5,543

 

Currency Legend

SEK Swedish Krona
USD U.S. Dollar

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.6%          
           
COMMON STOCK — 98.6%          
Communication Services — 2.6%          
Criteo SA Sponsored ADR (a)   42,701   $1,497,524 
Nexstar Media Group, Inc.   12,114    2,087,121 
         3,584,645 
Consumer Discretionary — 18.3%          
Adient PLC (a)   45,562    1,499,901 
ADT, Inc.   232,631    1,563,280 
AutoNation, Inc. (a)   9,490    1,571,354 
Bath & Body Works, Inc.   40,787    2,040,166 
BorgWarner, Inc.   51,176    1,777,854 
Brunswick Corp.   19,311    1,863,898 
Dick's Sporting Goods, Inc.   10,444    2,348,438 
Dine Brands Global, Inc.   20,281    942,661 
Papa John's International, Inc.   8,011    533,533 
PulteGroup, Inc.   17,617    2,124,962 
PVH Corp.   16,758    2,356,342 
Ralph Lauren Corp.   10,245    1,923,601 
Tapestry, Inc.   34,150    1,621,442 
Taylor Morrison Home Corp. (a)   25,104    1,560,716 
Williams-Sonoma, Inc.   5,252    1,667,668 
         25,395,816 
Consumer Staples — 2.5%          
Lamb Weston Holdings, Inc.   16,839    1,793,859 
Nomad Foods Ltd.   84,913    1,660,898 
         3,454,757 
Energy — 5.4%          
Cameco Corp.   43,654    1,891,091 
ChampionX Corp.   45,740    1,641,609 
HF Sinclair Corp.   18,096    1,092,456 
International Seaways, Inc.   20,877    1,110,656 
Magnolia Oil & Gas Corp. Class A   68,070    1,766,416 
         7,502,228 
Financials — 17.4%          
American Financial Group, Inc.   10,517    1,435,360 
BankUnited, Inc.   26,087    730,436 
Cboe Global Markets, Inc.   10,124    1,860,082 
Comerica, Inc.   31,594    1,737,354 
Everest Group Ltd.   3,460    1,375,350 
Federated Hermes, Inc.   18,930    683,752 
First BanCorp   95,772    1,679,841 
First Citizens BancShares, Inc. Class A   1,383    2,261,205 

 

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
First Hawaiian, Inc.   73,300   $1,609,668 
Hanover Insurance Group, Inc.   7,028    957,003 
Kemper Corp.   17,304    1,071,464 
Moelis & Co. Class A   19,756    1,121,548 
Stifel Financial Corp.   19,971    1,561,133 
Texas Capital Bancshares, Inc. (a)   21,914    1,348,807 
Walker & Dunlop, Inc.   1,778    179,685 
Webster Financial Corp.   27,083    1,375,004 
Wintrust Financial Corp.   16,828    1,756,675 
Zions Bancorp NA   30,479    1,322,788 
         24,067,155 
Health Care — 5.8%          
Acadia Healthcare Co., Inc. (a)   12,272    972,188 
AMN Healthcare Services, Inc. (a)   18,153    1,134,744 
Avantor, Inc. (a)   58,480    1,495,334 
Envista Holdings Corp. (a)   32,936    704,172 
Fortrea Holdings, Inc. (a)   38,408    1,541,697 
Integra LifeSciences Holdings Corp. (a)   37,199    1,318,704 
Pediatrix Medical Group, Inc. (a)   84,452    847,053 
         8,013,892 
Industrials — 23.8%          
ABM Industries, Inc.   25,616    1,142,986 
Alaska Air Group, Inc. (a)   31,146    1,338,967 
ArcBest Corp.   12,448    1,773,840 
Builders FirstSource, Inc. (a)   12,630    2,633,986 
Dycom Industries, Inc. (a)   13,393    1,922,297 
Fluor Corp. (a)   40,910    1,729,675 
Gates Industrial Corp. PLC (a)   109,030    1,930,921 
Herc Holdings, Inc.   10,150    1,708,245 
Korn Ferry   9,900    651,024 
MasTec, Inc. (a)   20,943    1,952,935 
Middleby Corp. (a)   12,771    2,053,449 
MillerKnoll, Inc.   49,206    1,218,341 
Oshkosh Corp.   14,285    1,781,482 
Regal Rexnord Corp.   10,147    1,827,475 
Robert Half, Inc.   20,379    1,615,647 
Sensata Technologies Holding PLC   28,000    1,028,720 
Spirit AeroSystems Holdings, Inc. Class A (a)   23,576    850,386 
Star Bulk Carriers Corp.   59,963    1,431,317 
Stericycle, Inc. (a)   33,306    1,756,891 
WillScot Mobile Mini Holdings Corp. (a)   34,769    1,616,759 
WNS Holdings Ltd. (a)   20,409    1,031,267 
         32,996,610 
Information Technology — 9.8%          
ACI Worldwide, Inc. (a)   38,851    1,290,242 
Amkor Technology, Inc.   44,170    1,424,041 
Avnet, Inc.   24,205    1,200,084 
Belden, Inc.   16,004    1,482,131 
Calix, Inc. (a)   37,527    1,244,395 
CommVault Systems, Inc. (a)   13,856    1,405,414 
FormFactor, Inc. (a)   31,578    1,440,904 
Gen Digital, Inc.   61,783    1,383,939 
Lumentum Holdings, Inc. (a)   26,669    1,262,777 

 

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Synaptics, Inc. (a)   14,411   $1,405,937 
         13,539,864 
Materials — 3.7%          
ATI, Inc. (a)   35,280    1,805,278 
Avient Corp.   381    16,535 
Berry Global Group, Inc.   22,594    1,366,485 
Element Solutions, Inc.   75,837    1,894,408 
         5,082,706 
Real Estate — 6.8%          
Apartment Income REIT Corp.   49,224    1,598,303 
Broadstone Net Lease, Inc.   50,138    785,663 
CubeSmart   18,572    839,826 
First Industrial Realty Trust, Inc.   22,254    1,169,225 
Jones Lang LaSalle, Inc. (a)   10,173    1,984,651 
Ryman Hospitality Properties, Inc.   12,013    1,388,823 
STAG Industrial, Inc.   43,828    1,684,748 
         9,451,239 
Utilities — 2.5%          
CenterPoint Energy, Inc.   34,261    976,096 
IDACORP, Inc.   12,437    1,155,273 
Portland General Electric Co.   31,580    1,326,360 
         3,457,729 
           
TOTAL COMMON STOCK
(Cost $118,471,655)
        136,546,641 
           
TOTAL EQUITIES
(Cost $118,471,655)
        136,546,641 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $118,471,655)
        136,546,641 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.5%          
           
Repurchase Agreement — 0.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (b)  $729,505   729,505 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $729,505)
        729,505 
           
TOTAL INVESTMENTS — 99.1%
(Cost $119,201,160) (c)
        137,276,146 
           
Other Assets/(Liabilities) — 0.9%        1,262,483 
           
NET ASSETS — 100.0%       $138,538,629 

 

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 $729,635. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $744,133.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.8%          
           
COMMON STOCK — 99.8%          
Communication Services — 8.4%          
Alphabet, Inc. Class A (a)   40,066   $6,047,161 
Electronic Arts, Inc.   3,791    502,952 
Liberty Media Corp-Liberty Formula One Class C (a)   2,906    190,634 
Meta Platforms, Inc. Class A   7,469    3,626,797 
Verizon Communications, Inc.   39,959    1,676,680 
Walt Disney Co.   6,432    787,019 
         12,831,243 
Consumer Discretionary — 10.6%          
Airbnb, Inc. Class A (a)   2,325    383,532 
Amazon.com, Inc. (a)   28,170    5,081,304 
Aptiv PLC (a)   12,747    1,015,298 
CarMax, Inc. (a)   6,380    555,762 
Chipotle Mexican Grill, Inc. (a)   147    427,295 
Deckers Outdoor Corp. (a)   807    759,597 
Home Depot, Inc.   6,761    2,593,520 
LKQ Corp.   17,482    933,714 
Starbucks Corp.   9,200    840,788 
Tesla, Inc. (a)   6,885    1,210,314 
TJX Cos., Inc.   14,890    1,510,144 
Tractor Supply Co.   2,997    784,375 
         16,095,643 
Consumer Staples — 5.6%          
Colgate-Palmolive Co.   4,827    434,671 
Costco Wholesale Corp.   1,508    1,104,806 
Mondelez International, Inc. Class A   14,074    985,180 
PepsiCo, Inc.   10,301    1,802,778 
Procter & Gamble Co.   8,021    1,301,407 
Sysco Corp.   16,833    1,366,503 
Target Corp.   8,370    1,483,248 
         8,478,593 
Energy — 3.7%          
ConocoPhillips   17,046    2,169,615 
EOG Resources, Inc.   13,473    1,722,388 
Schlumberger NV   31,935    1,750,358 
         5,642,361 
Financials — 13.3%          
American Express Co.   4,184    952,655 
Ameriprise Financial, Inc.   2,164    948,784 
Bank of America Corp.   37,934    1,438,457 
BlackRock, Inc.   1,349    1,124,661 

 

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Block, Inc. (a)   3,992   $337,643 
Intercontinental Exchange, Inc.   4,966    682,477 
JP Morgan Chase & Co.   12,750    2,553,825 
Marsh & McLennan Cos., Inc.   4,478    922,379 
Mastercard, Inc. Class A   2,986    1,437,968 
MetLife, Inc.   10,276    761,554 
Morgan Stanley   20,175    1,899,678 
Progressive Corp.   4,917    1,016,934 
Prudential Financial, Inc.   6,760    793,624 
Regions Financial Corp.   54,311    1,142,704 
S&P Global, Inc.   3,479    1,480,141 
Visa, Inc. Class A   9,526    2,658,516 
         20,152,000 
Health Care — 12.7%          
AbbVie, Inc.   10,834    1,972,871 
Agilent Technologies, Inc.   10,837    1,576,892 
Amgen, Inc.   3,626    1,030,944 
Bristol-Myers Squibb Co.   12,165    659,708 
Cigna Group   4,575    1,661,594 
Danaher Corp.   7,434    1,856,419 
Dexcom, Inc. (a)   2,075    287,803 
Eli Lilly & Co.   1,312    1,020,684 
Intuitive Surgical, Inc. (a)   2,306    920,302 
Merck & Co., Inc.   12,955    1,709,412 
Novo Nordisk AS Class B   9,291    1,190,139 
Thermo Fisher Scientific, Inc.   2,282    1,326,321 
UnitedHealth Group, Inc.   5,063    2,504,666 
Vertex Pharmaceuticals, Inc. (a)   1,431    598,172 
Zoetis, Inc.   5,723    968,389 
         19,284,316 
Industrials — 8.9%          
Cummins, Inc.   4,003    1,179,484 
Deere & Co.   1,623    666,631 
Eaton Corp. PLC   5,614    1,755,385 
FedEx Corp.   1,794    519,793 
Generac Holdings, Inc. (a)   1,447    182,525 
Honeywell International, Inc.   5,261    1,079,820 
Johnson Controls International PLC   22,573    1,474,468 
Lockheed Martin Corp.   1,531    696,406 
Masco Corp.   9,683    763,795 
Parker-Hannifin Corp.   1,940    1,078,233 
Uber Technologies, Inc. (a)   10,539    811,398 
Union Pacific Corp.   5,470    1,345,237 
United Parcel Service, Inc. Class B   6,952    1,033,276 
Xylem, Inc.   7,012    906,231 
         13,492,682 
Information Technology — 30.8%          
Accenture PLC Class A   4,409    1,528,203 
Adobe, Inc. (a)   812    409,735 
Advanced Micro Devices, Inc. (a)   12,849    2,319,116 
Analog Devices, Inc.   7,326    1,449,009 
Apple, Inc.   36,123    6,194,372 
Applied Materials, Inc.   6,927    1,428,555 

 

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
ASML Holding NV   747   $717,182 
Broadcom, Inc.   519    687,888 
Cadence Design Systems, Inc. (a)   4,652    1,448,075 
CDW Corp.   6,023    1,540,563 
Cisco Systems, Inc.   31,914    1,592,828 
Crowdstrike Holdings, Inc. Class A (a)   902    289,172 
International Business Machines Corp.   7,954    1,518,896 
Keysight Technologies, Inc. (a)   8,484    1,326,728 
Microsoft Corp.   31,689    13,332,196 
NVIDIA Corp.   8,985    8,118,487 
Salesforce, Inc.   6,173    1,859,184 
ServiceNow, Inc. (a)   539    410,934 
Workday, Inc. Class A (a)   1,995    544,136 
         46,715,259 
Materials — 2.3%          
Ball Corp.   11,015    741,970 
Ecolab, Inc.   4,614    1,065,373 
Linde PLC   3,788    1,758,844 
         3,566,187 
Real Estate — 2.2%          
Equinix, Inc.   1,108    914,465 
Prologis, Inc.   18,508    2,410,112 
         3,324,577 
Utilities — 1.3%          
NextEra Energy, Inc.   30,570    1,953,729 
           
TOTAL COMMON STOCK
(Cost $103,237,616)
        151,536,590 
           
TOTAL EQUITIES
(Cost $103,237,616)
        151,536,590 
           
EXCHANGE-TRADED FUNDS — 0.1%          
SPDR S&P 500 ETF Trust   168    87,876 
           
TOTAL EXCHANGE-TRADED FUNDS
(Cost $85,989)
        87,876 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $103,323,605)
        151,624,466 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.2%          
           
Repurchase Agreement — 0.2%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (b)  $337,452   337,452 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $337,452)
        337,452 
           

 

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 100.1%
(Cost $103,661,057) (c)
       $151,961,918 
           
Other Assets/(Liabilities) — (0.1)%        (88,990) 
           
NET ASSETS — 100.0%       $151,872,928 

 

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 $337,512. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $344,260.
(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.  6/28/24  EUR  14,540   USD  15,788   $(46) 
Bank of America N.A.  6/28/24  USD  212,495   EUR  195,416    931 
JP Morgan Chase Bank N.A.  6/28/24  USD  212,440   EUR  195,416    876 
Morgan Stanley & Co. LLC  6/28/24  USD  212,554   EUR  195,416    990
                    $2,751

 

Currency Legend

EUR Euro
USD U.S. Dollar

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments

 

March 31, 2024 (Unaudited)

 

   Principal
Amount
   Value 
BONDS & NOTES — 114.6%          
           
BANK LOANS — 1.5%          
Beverages — 0.1%          
City Brewing Co. LLC, Closing Date Term Loan, 3 mo. USD Term SOFR + 3.500%          
9.078% VRN 4/05/28  $50,512   $38,777 
Naked Juice LLC          
Term Loan, 3 mo. USD Term SOFR + 3.250%          
8.659% VRN 1/24/29   139,601    130,305 
2nd Lien Term Loan, 3 mo. USD Term SOFR + 6.000%          
11.402% VRN 1/24/30   28,134    22,657 
Triton Water Holdings, Inc., Term Loan, 3 mo. USD Term SOFR + 3.250%,          
8.562% VRN 3/31/28   26,537    26,235 
         217,974 
Chemicals — 0.0%          
Chemours Co., 2023 USD Term Loan B, 1 mo. USD Term SOFR + 3.500%          
8.830% VRN 8/18/28   66,110    65,779 
Mativ Holdings, Inc., Delayed Draw Term Loan A, 1 mo. USD Term SOFR + 2.500%,          
7.930% VRN 5/06/27   17,744    17,389 
         83,168 
Commercial Services — 0.1%          
Element Materials Technology Group U.S. Holdings Inc.          
2022 USD Term Loan, 3 mo. USD Term SOFR + 4.250%          
9.659% VRN 7/06/29   20,260    20,244 
2022 USD Delayed Draw Term Loan, 3 mo. USD Term SOFR + 4.250%          
9.659% VRN 7/06/29   9,351    9,343 
Pre-Paid Legal Services, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.750%,          
9.195% VRN 12/15/28   28,078    27,923 
Prime Security Services Borrower LLC, 2023 Term Loan A, 6 mo. USD Term SOFR + 2.250%          
7.503% VRN 3/14/28   24,367    24,184 
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 4.000%          
9.585% VRN 3/04/28   111,691    103,000 
Trans Union, LLC, 2024 Term Loan B6, 1 mo. USD Term SOFR + 2.000%,          
7.327% VRN 12/01/28   32,086    32,054 
TruGreen Ltd. Partnership, 2020 Term Loan, 1 mo. USD Term SOFR + 4.000%,          
9.430% VRN 11/02/27   23,851    23,180 
         239,928 

 

 

 

 

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%          
9.445% VRN 1/29/27  $28,860   $28,896 
Peraton Corp., Term Loan B, 1 mo. USD Term SOFR + 3.750%          
9.180% VRN 2/01/28   95,370    95,192 
         124,088 
Distribution & Wholesale — 0.0%          
Patriot Container Corp., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750%,          
9.177% VRN 3/20/25   13,490    13,047 
Diversified Financial Services — 0.1%          
Avolon TLB Borrower 1 (US) LLC, 2023 Term Loan B6, 1 mo. USD Term SOFR + 2.000%          
7.329% VRN 6/22/28   58,292    58,287 
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 3 mo. USD Term SOFR + 3.750%          
9.059% VRN 4/09/27   58,108    57,793 
Jane Street Group LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.500%          
7.942% VRN 1/26/28   51,695    51,708 
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, 3 mo. USD Term SOFR + 2.000%          
7.564% VRN 11/05/28   175,000    175,255 
         343,043 
Electronics — 0.0%          
II-VI, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750%          
8.195% VRN 7/02/29   80,891    80,891 
Engineering & Construction — 0.0%          
Artera Services LLC, 2024 Term Loan, 3 mo. USD Term SOFR + 4.500%          
9.809% VRN 2/15/31   36,512    36,622 
Entertainment — 0.1%          
Churchill Downs, Inc., 2021 Incremental Term Loan B1, 1 mo. USD Term SOFR + 2.000%          
7.430% VRN 3/17/28   49,490    49,459 
PENN Entertainment, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750%          
8.177% VRN 5/03/29   22,179    22,188 
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 2.750%          
8.195% VRN 5/18/25   118,816    118,646 
         190,293 
Environmental Controls — 0.0%          
Filtration Group Corp., 2023 USD Term Loan, 1 mo. USD Term SOFR + 4.250%          
9.695% VRN 10/21/28   21,555    21,608 
Food — 0.0%          
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750%          
9.192% VRN 10/01/25   7,262    7,122 

 

 

 

 

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%          
7.680% VRN 1/29/27  $32,227   $32,234 
H Food Holdings LLC, 2018 Term Loan B, 3 mo. USD Term SOFR + 3.688%          
9.292% VRN 5/23/25 (a)   19,212    13,892 
         53,248 
Health Care – Products — 0.1%          
Avantor Funding, Inc., 2021 Term Loan B5, 1 mo. USD Term SOFR + 2.250%          
7.680% VRN 11/08/27   55,340    55,365 
Bausch & Lomb Corp.          
Term Loan, 1 mo. USD Term SOFR + 3.250%          
8.677% VRN 5/10/27   31,349    30,942 
2023 Incremental Term Loan, 1 mo. USD Term SOFR + 4.000%          
9.330% VRN 9/29/28   28,054    28,002 
Medline Borrower LP, USD Term Loan B, 1 mo. USD Term SOFR + 3.000%          
8.441% VRN 10/23/28   81,788    81,964 
         196,273 
Health Care – Services — 0.0%          
Star Parent, Inc., Term Loan B, 3 mo. USD Term SOFR + 4.000%          
9.309% VRN 9/27/30   33,567    33,340 
Home Furnishing — 0.0%          
AI Aqua Merger Sub, Inc., 2021 1st Lien Term Loan B, 1 mo. USD Term SOFR + 3.750%          
9.072% VRN 7/31/28   41,137    41,184 
Insurance — 0.1%          
Acrisure LLC, 2020 Term Loan B, 1 mo. USD LIBOR + 3.500%          
8.945% VRN 2/15/27   97,710    97,501 
AmWINS Group, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 2.250%          
7.695% VRN 2/19/28   172,417    172,387 
Asurion LLC, 2020 Term Loan B8, 1 mo. USD Term SOFR + 3.250%          
8.692% VRN 12/23/26 (a)   96,852    94,741 
         364,629 
Internet — 0.1%          
Arches Buyer, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.250%          
8.680% VRN 12/06/27   24,853    24,049 
Buzz Finco LLC, Term Loan B, 1 mo. USD Term SOFR + 2.750%          
8.177% VRN 1/29/27   24,368    24,399 
Gen Digital, Inc., 2021 Term Loan A, 1 mo. USD Term SOFR + 1.750%          
7.177% VRN 9/10/27   74,876    74,579 
Magnite, Inc., 2024 Term Loan B, 1 mo. USD Term SOFR + 4.500%, 6 mo. USD Term SOFR + 4.500%,          
9.596% - 9.821% VRN 2/06/31   14,775    14,781 
Match Group, Inc., 2020 Term Loan B, 3 mo. USD Term SOFR + 1.750%          
7.233% VRN 2/13/27   10,674    10,648 
MH Sub I LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 4.250%,          
9.580% VRN 5/03/28   17,562    17,439 
Proofpoint, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.250%,          
8.695% VRN 8/31/28   4,912    4,912 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Research Now Group, Inc., 2017 1st Lien Term Loan, 3 mo. USD Term SOFR + 5.500%          
11.068% VRN 12/20/24 (a)  $28,601   $16,901 
         187,708 
Machinery – Diversified — 0.0%          
ASP Blade Holdings, Inc., Initial Term Loan, 3 mo. USD Term SOFR + 4.000%,          
9.564% VRN 10/13/28   39,620    35,638 
Media — 0.1%          
CSC Holdings LLC, 2019 Term Loan B5, 1 mo. USD LIBOR + 2.500%          
7.940% VRN 4/15/27   47,055    42,273 
Virgin Media Bristol LLC, 2023 USD Term Loan Y, 6 mo. USD Term SOFR + 3.250%          
8.790% VRN 3/31/31   150,000    147,483 
         189,756 
Packaging & Containers — 0.1%          
Berry Global, Inc., 2023 Term Loan AA, 1 mo. USD Term SOFR + 1.750%          
7.182% VRN 7/01/29   225,595    225,464 
Pharmaceuticals — 0.2%          
Carestream Dental Equipment, Inc., 2017 1st Lien Term Loan, 3 mo. USD LIBOR + 3.250%          
5.571% VRN 9/01/24   8,487    7,319 
Elanco Animal Health, Inc., Term Loan B, 1 mo. USD Term SOFR+ 1.750%          
7.176% VRN 8/01/27   166,660    165,975 
Gainwell Acquisition Corp., Term Loan B, 3 mo. USD Term SOFR + 4.000%          
9.409% VRN 10/01/27   97,727    93,281 
Grifols Worldwide Operations USA, Inc., 2019 USD Term Loan B, 3 mo. USD Term SOFR + 2.000%          
7.459% VRN 11/15/27   240,733    232,818 
Jazz Financing Lux SARL, USD Term Loan,          
0.000% 5/05/28 (a)   121,332    121,939 
Organon & Co., USD Term Loan, 1 mo. USD Term SOFR + 3.000%          
8.433% VRN 6/02/28   252,592    253,330 
         874,662 
Private Equity — 0.0%          
GTCR W Merger Sub LLC, USD Term Loan B, 1 mo. USD Term SOFR + 3.000%          
8.309% VRN 1/31/31   65,208    65,384 
Retail — 0.1%          
1011778 BC Unlimited Liability Co., 2023 Term Loan B5, 1 mo. USD Term SOFR + 2.250%          
7.580% VRN 9/20/30   43,047    43,004 
KFC Holding Co., 2021 Term Loan B, 1 mo. USD Term SOFR + 1.750%          
7.191% VRN 3/15/28   38,916    38,863 
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.250%          
9.821% VRN 4/15/28   233,400    208,893 
Whatabrands LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 3.250%,          
8.692% VRN 8/03/28   17,791    17,790 
         308,550 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Software — 0.2%          
Athenahealth Group, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 3.250%          
8.580% VRN 2/15/29  $235,058   $232,524 
Central Parent, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 4.000%          
9.309% VRN 7/06/29   35,322    35,412 
EagleView Technology Corp., 2018 Add On Term Loan B, 3 mo. USD Term SOFR + 3.500%          
9.065% VRN 8/14/25   81,777    79,134 
Open Text Corp.          
Term Loan B, 1 mo. USD Term SOFR + 1.750%          
7.177% VRN 5/30/25   26,008    26,012 
2023 Term Loan B, 1 mo. USD Term SOFR + 2.750%          
8.177% VRN 1/31/30   50,116    50,173 
Oracle Corp., Term Loan A1, 1 mo. USD Term SOFR + 1.600%          
6.929% VRN 8/16/27   195,574    195,329 
Renaissance Holding Corp., 2024 Term Loan, 1 mo. USD Term SOFR + 4.250%,          
9.577% VRN 4/05/30   32,323    32,363 
SS&C Technologies, Inc., 2018 Term Loan B5, 1 mo. USD Term SOFR + 1.750%          
7.195% VRN 4/16/25   121,386    121,381 
         772,328 
Telecommunications — 0.1%          
CCI Buyer, Inc., Term Loan, 3 mo. USD Term SOFR + 4.000%          
9.302% VRN 12/17/27   29,422    29,228 
Frontier Communications Corp., 2021 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750%          
9.195% VRN 10/08/27   22,665    22,573 
SBA Senior Finance II LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.000%,          
7.340% VRN 1/25/31   92,098    92,242 
Zayo Group Holdings, Inc., 2022 USD Incremental Term Loan B, 1 mo. USD Term SOFR + 4.325%,          
9.655% VRN 3/09/27   111,693    99,499 
         243,542 
Transportation — 0.0%          
Genesee & Wyoming, Inc., Term Loan, 3 mo. USD Term SOFR + 2.000%          
7.402% VRN 12/30/26   41,459    41,463 
           
TOTAL BANK LOANS
(Cost $5,013,328)
        4,983,831 
           
CORPORATE DEBT — 17.6%          
Aerospace & Defense — 0.1%          
Boeing Co.          
5.805% 5/01/50   335,000    316,953 
Agriculture — 0.7%          
BAT Capital Corp.          
4.540% 8/15/47   840,000    648,556 
4.758% 9/06/49   34,000    27,060 
5.650% 3/16/52   185,000    166,920 
Imperial Brands Finance PLC          
3.125% 7/26/24 (b)   320,000    317,216 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
3.500% 7/26/26 (b)  $225,000   $214,601 
4.250% 7/21/25 (b)   415,000    407,401 
Philip Morris International, Inc.          
1.450% 8/01/39 EUR (c)   100,000    74,622 
Reynolds American, Inc.          
5.850% 8/15/45   315,000    292,177 
         2,148,553 
Airlines — 0.2%          
United Airlines Pass-Through Trust, Series 2023-1, Class A,          
5.800% 7/15/37   665,000    676,172 
Banks — 5.3%          
Bank of America Corp.          
Secured Overnight Financing Rate + 0.910% 1.658% VRN 3/11/27   385,000    358,634 
Secured Overnight Financing Rate + 1.370% 1.922% VRN 10/24/31   70,000    57,037 
Secured Overnight Financing Rate + 1.060% 2.087% VRN 6/14/29   895,000    790,892 
Secured Overnight Financing Rate + 1.220% 2.299% VRN 7/21/32   90,000    73,648 
Secured Overnight Financing Rate + 1.050% 2.551% VRN 2/04/28   635,000    590,245 
Secured Overnight Financing Rate + 1.210% 2.572% VRN 10/20/32   75,000    62,222 
Secured Overnight Financing Rate + 2.150% 2.592% VRN 4/29/31   55,000    47,418 
3 mo. USD Term SOFR + 1.302% 3.419% VRN 12/20/28   470,000    440,926 
3 mo. USD Term SOFR + 1.837% 3.824% VRN 1/20/28   415,000    399,709 
3 mo. USD Term SOFR + 1.332% 3.970% VRN 3/05/29   485,000    463,606 
Citigroup, Inc.          
Secured Overnight Financing Rate + 0.669% 0.981% VRN 5/01/25   85,000    84,628 
Secured Overnight Financing Rate + 1.167% 2.561% VRN 5/01/32   105,000    87,571 
Secured Overnight Financing Rate + 1.422% 2.976% VRN 11/05/30   150,000    133,242 
Secured Overnight Financing Rate + 1.351% 3.057% VRN 1/25/33   95,000    80,765 
3 mo. USD Term SOFR + 1.454% 4.075% VRN 4/23/29   525,000    502,629 
Goldman Sachs Group, Inc.          
Secured Overnight Financing Rate + 0.798% 1.431% VRN 3/09/27   280,000    259,305 
Secured Overnight Financing Rate + 0.818% 1.542% VRN 9/10/27   1,400,000    1,279,259 
Secured Overnight Financing Rate + 0.486% 5.836% FRN 10/21/24   530,000    530,313 
HSBC Holdings PLC          
Secured Overnight Financing Rate + 1.732% 2.013% VRN 9/22/28   1,185,000    1,059,503 
Secured Overnight Financing Rate + 1.285% 2.206% VRN 8/17/29   105,000    92,025 
JP Morgan Chase & Co.          
3 mo. USD Term SOFR + 0.580% 0.969% VRN 6/23/25   1,060,000    1,047,689 
Secured Overnight Financing Rate + 0.885% 1.578% VRN 4/22/27   480,000    445,015 
Secured Overnight Financing Rate + 1.015% 2.069% VRN 6/01/29   1,500,000    1,330,580 
3 mo. USD Term SOFR + 1.510% 2.739% VRN 10/15/30   230,000    203,682 
Secured Overnight Financing Rate + 1.310% 5.012% VRN 1/23/30   125,000    124,488 
Lloyds Banking Group PLC          
1 yr. CMT + 0.850% 1.627% VRN 5/11/27   60,000    55,241 
1 yr. CMT + 3.500% 3.870% VRN 7/09/25   220,000    218,847 
Morgan Stanley          
Secured Overnight Financing Rate + 0.560% 1.164% VRN 10/21/25   1,300,000    1,265,799 
Secured Overnight Financing Rate + 0.879% 1.593% VRN 5/04/27   330,000    305,248 
Secured Overnight Financing Rate + 1.020% 1.928% VRN 4/28/32   90,000    72,239 
Secured Overnight Financing Rate + 1.178% 2.239% VRN 7/21/32   140,000    114,364 
Secured Overnight Financing Rate + 1.360% 2.484% VRN 9/16/36   295,000    233,311 
PNC Financial Services Group, Inc.          
Secured Overnight Financing Rate + 1.933% 5.068% VRN 1/24/34   455,000    440,760 
Secured Overnight Financing Rate + 1.902% 5.676% VRN 1/22/35   45,000    45,410 
Secured Overnight Financing Rate Index + 2.140% 6.037% VRN 10/28/33   45,000    46,525 
Secured Overnight Financing Rate + 2.284% 6.875% VRN 10/20/34   145,000    158,779 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Santander UK Group Holdings PLC          
1 yr. CMT + 1.250% 1.532% VRN 8/21/26  $710,000   $668,771 
Secured Overnight Financing Rate + 0.989% 1.673% VRN 6/14/27   120,000    109,773 
Secured Overnight Financing Rate + 1.220% 2.469% VRN 1/11/28   200,000    183,794 
US Bancorp          
Secured Overnight Financing Rate + 1.600% 4.839% VRN 2/01/34   485,000    460,536 
Secured Overnight Financing Rate + 1.860% 5.678% VRN 1/23/35   85,000    85,827 
Secured Overnight Financing Rate + 2.260% 5.836% VRN 6/12/34   60,000    61,155 
Secured Overnight Financing Rate + 2.090% 5.850% VRN 10/21/33   115,000    117,251 
Wells Fargo & Co.          
Secured Overnight Financing Rate + 2.100% 2.393% VRN 6/02/28   940,000    860,386 
3 mo. USD Term SOFR + 1.432% 2.879% VRN 10/30/30   310,000    274,038 
Secured Overnight Financing Rate + 1.500% 3.350% VRN 3/02/33   595,000    516,239 
Secured Overnight Financing Rate + 1.510% 3.526% VRN 3/24/28   375,000    356,921 
Secured Overnight Financing Rate + 2.100% 4.897% VRN 7/25/33   400,000    385,463 
         17,581,708 
Beverages — 0.2%          
Bacardi Ltd.          
4.450% 5/15/25 (b)   485,000    478,220 
Triton Water Holdings, Inc.          
6.250% 4/01/29 (b)   58,000    52,828 
         531,048 
Biotechnology — 0.0%          
Amgen, Inc.          
4.200% 2/22/52   145,000    119,265 
Chemicals — 0.3%          
International Flavors & Fragrances, Inc.          
1.832% 10/15/27 (b)   70,000    62,070 
2.300% 11/01/30 (b)   570,000    473,525 
3.268% 11/15/40 (b)   30,000    21,362 
3.468% 12/01/50 (b)   65,000    43,323 
4.375% 6/01/47   65,000    50,185 
5.000% 9/26/48   385,000    329,148 
         979,613 
Commercial Services — 0.1%          
Adtalem Global Education, Inc.          
5.500% 3/01/28 (b)   72,000    68,927 
Global Payments, Inc.          
4.875% 3/17/31 EUR (c)   100,000    113,632 
Worldline SA          
4.125% 9/12/28 EUR (b) (c)   200,000    212,594 
         395,153 
Diversified Financial Services — 0.8%          
AerCap Ireland Capital DAC/AerCap Global Aviation Trust          
3.300% 1/30/32   420,000    360,216 
3.500% 1/15/25   1,000,000    982,972 
Air Lease Corp.          
5.850% 12/15/27   355,000    360,476 
Avolon Holdings Funding Ltd.          
2.528% 11/18/27 (b)   389,000    345,973 
2.875% 2/15/25 (b)   335,000    325,974 
3.950% 7/01/24 (b)   130,000    129,247 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
GGAM Finance Ltd.          
8.000% 2/15/27 (b)  $100,000   $103,252 
         2,608,110 
Electric — 1.6%          
Arizona Public Service Co.          
6.350% 12/15/32   675,000    720,377 
Duke Energy Carolinas LLC          
4.000% 9/30/42   1,000,000    832,159 
Duke Energy Florida LLC          
5.875% 11/15/33   70,000    73,962 
Florida Power & Light Co.          
3.990% 3/01/49   495,000    407,193 
Jersey Central Power & Light Co.          
4.700% 4/01/24 (b)   800,000    800,000 
6.400% 5/15/36   425,000    444,887 
MidAmerican Energy Co.          
4.800% 9/15/43   1,400,000    1,316,595 
Southwestern Electric Power Co.          
3.250% 11/01/51   170,000    112,853 
TenneT Holding BV          
2.750% 5/17/42 EUR (b) (c)   190,000    191,400 
4.500% 10/28/34 EUR (b) (c)   245,000    289,372 
4.750% 10/28/42 EUR (b) (c)   100,000    123,453 
         5,312,251 
Electronics — 0.0%          
Honeywell International, Inc.          
3.750% 3/01/36 EUR (c)   145,000    157,894 
Engineering & Construction — 0.0%          
Artera Services LLC          
8.500% 2/15/31 (b)   75,000    76,893 
Entertainment — 0.5%          
Warnermedia Holdings, Inc.          
4.279% 3/15/32   190,000    169,715 
5.050% 3/15/42   905,000    777,841 
5.141% 3/15/52   910,000    755,298 
         1,702,854 
Environmental Controls — 0.0%          
Waste Pro USA, Inc.          
5.500% 2/15/26 (b)   75,000    73,866 
Food — 0.8%          
ELO SACA          
6.000% 3/22/29 EUR (b) (c)   200,000    218,271 
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL          
6.750% 3/15/34 (b)   640,000    672,462 
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.          
4.375% 2/02/52   135,000    98,037 
6.500% 12/01/52   415,000    410,062 
Pilgrim's Pride Corp.          
3.500% 3/01/32 (b)   403,000    341,551 
6.250% 7/01/33   365,000    372,989 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Smithfield Foods, Inc.          
2.625% 9/13/31 (b)  $635,000   $497,281 
         2,610,653 
Gas — 0.3%          
KeySpan Gas East Corp.          
5.994% 3/06/33 (b)   630,000    638,460 
National Gas Transmission PLC          
4.250% 4/05/30 EUR (b) (c)   100,000    110,863 
Piedmont Natural Gas Co., Inc.          
5.400% 6/15/33   155,000    156,305 
         905,628 
Health Care – Products — 0.0%          
Medtronic Global Holdings SCA          
3.375% 10/15/34 EUR (c)   100,000    108,112 
Health Care – Services — 0.6%          
Centene Corp.          
3.000% 10/15/30   453,000    388,401 
CommonSpirit Health          
2.782% 10/01/30   290,000    251,538 
Fortrea Holdings, Inc.          
7.500% 7/01/30 (b)   50,000    51,614 
Fresenius Medical Care US Finance III, Inc.          
1.875% 12/01/26 (b)   340,000    307,617 
HCA, Inc.          
3.500% 7/15/51   182,000    125,724 
Kedrion SpA          
6.500% 9/01/29 (b)   220,000    199,980 
ModivCare Escrow Issuer, Inc.          
5.000% 10/01/29 (b) (d)   302,000    218,978 
Universal Health Services, Inc.          
1.650% 9/01/26   385,000    350,897 
         1,894,749 
Household Products & Wares — 0.1%          
Central Garden & Pet Co.          
5.125% 2/01/28   123,000    119,248 
Spectrum Brands, Inc.          
3.875% 3/15/31 (b) (d)   105,000    101,143 
         220,391 
Insurance — 0.7%          
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer          
6.750% 10/15/27 (b)   35,000    34,483 
Athene Global Funding          
1.985% 8/19/28 (b)   555,000    479,256 
3.205% 3/08/27 (b)   135,000    126,092 
Secured Overnight Financing Rate Index + 0.700% 6.057% FRN 5/24/24 (b)   505,000    505,262 
Farmers Exchange Capital III 3 mo. USD LIBOR + 3.454%          
5.454% VRN 10/15/54 (b)   970,000    799,962 
Teachers Insurance & Annuity Association of America          
3.300% 5/15/50 (b)   225,000    157,674 
4.270% 5/15/47 (b)   130,000    107,759 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Willis North America, Inc.          
2.950% 9/15/29  $290,000   $259,849 
         2,470,337 
Internet — 0.0%          
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.          
4.750% 4/30/27 (b)   62,000    63,400 
6.000% 2/15/28 (b)   89,000    91,617 
         155,017 
Machinery – Diversified — 0.0%          
OT Merger Corp.          
7.875% 10/15/29 (b)   90,000    64,265 
Media — 0.9%          
Cable One, Inc.          
4.000% 11/15/30 (b) (d)   75,000    58,532 
Charter Communications Operating LLC/Charter Communications Operating Capital          
3.700% 4/01/51   560,000    346,332 
3.750% 2/15/28   92,000    85,338 
4.800% 3/01/50   330,000    244,270 
4.908% 7/23/25   205,000    202,505 
5.250% 4/01/53   265,000    209,871 
5.375% 5/01/47   95,000    76,548 
5.750% 4/01/48   280,000    235,789 
CSC Holdings LLC          
5.750% 1/15/30 (b)   53,000    28,057 
6.500% 2/01/29 (b)   542,000    459,242 
7.500% 4/01/28 (b)   32,000    21,570 
11.750% 1/31/29 (b)   10,000    10,015 
Time Warner Cable LLC          
5.500% 9/01/41   535,000    445,357 
5.875% 11/15/40   170,000    147,257 
VZ Secured Financing BV          
5.000% 1/15/32 (b)   420,000    360,613 
         2,931,296 
Oil & Gas — 0.2%          
KazMunayGas National Co. JSC          
4.750% 4/19/27 (b)   200,000    194,740 
Pertamina Persero PT          
3.100% 8/27/30 (b)   200,000    176,446 
Petroleos Mexicanos          
5.950% 1/28/31   50,000    40,100 
6.625% 6/15/35   300,000    227,588 
Shell International Finance BV          
3.750% 9/12/46   25,000    20,187 
         659,061 
Packaging & Containers — 0.6%          
Amcor Finance USA, Inc.          
3.625% 4/28/26   650,000    626,907 
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.          
4.125% 8/15/26 (b) (d)   55,000    49,759 
5.250% 8/15/27 (b) (d)   70,000    44,100 
5.250% 8/15/27 (b)   295,000    185,850 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Berry Global, Inc.          
1.570% 1/15/26  $394,000   $368,306 
1.650% 1/15/27   12,000    10,894 
4.875% 7/15/26 (b)   330,000    323,403 
Trivium Packaging Finance BV          
5.500% 8/15/26 (b)   320,000    315,513 
         1,924,732 
Pharmaceuticals — 0.7%          
1375209 BC Ltd.          
9.000% 1/30/28 (b) (d)   215,000    210,701 
Bayer US Finance II LLC          
4.375% 12/15/28 (b)   893,000    840,521 
4.625% 6/25/38 (b)   795,000    664,295 
4.875% 6/25/48 (b)   210,000    168,769 
Cigna Group          
3.400% 3/15/51   250,000    178,348 
Grifols SA          
3.200% 5/01/25 EUR (b) (c)   100,000    99,266 
3.875% 10/15/28 EUR (b) (c)   200,000    170,139 
         2,332,039 
Pipelines — 0.5%          
Energy Transfer LP          
4.950% 6/15/28   125,000    123,996 
5.000% 5/15/50   220,000    193,021 
5.150% 3/15/45   335,000    304,392 
Galaxy Pipeline Assets Bidco Ltd.          
2.160% 3/31/34 (b)   169,888    146,046 
Rockies Express Pipeline LLC          
4.800% 5/15/30 (b)   250,000    231,093 
TransCanada PipeLines Ltd.          
4.625% 3/01/34   35,000    33,041 
TransMontaigne Partners LP/TLP Finance Corp.          
6.125% 2/15/26   181,000    171,498 
Venture Global Calcasieu Pass LLC          
3.875% 8/15/29 (b)   270,000    243,040 
Venture Global LNG, Inc.          
9.500% 2/01/29 (b)   153,000    164,913 
         1,611,040 
Real Estate — 0.3%          
Annington Funding PLC          
3.184% 7/12/29 GBP (b) (c)   200,000    226,337 
3.685% 7/12/34 GBP (b) (c)   100,000    107,133 
Blackstone Property Partners Europe Holdings SARL          
1.625% 4/20/30 EUR (b) (c)   200,000    179,564 
1.750% 3/12/29 EUR (b) (c)   200,000    187,253 
Vonovia SE          
0.750% 9/01/32 EUR (b) (c)   100,000    81,740 
2.250% 4/07/30 EUR (b) (c)   100,000    97,716 
         879,743 
Real Estate Investment Trusts (REITS) — 1.6%          
American Homes 4 Rent LP          
3.375% 7/15/51   205,000    136,491 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
American Tower Corp.          
1.000% 1/15/32 EUR (c)  $100,000   $88,062 
2.300% 9/15/31   356,000    290,561 
2.700% 4/15/31   80,000    67,725 
CapitaLand Ascendas REIT          
0.750% 6/23/28 EUR (b) (c)   185,000    171,650 
Digital Intrepid Holding BV          
0.625% 7/15/31 EUR (b) (c)   425,000    358,359 
DOC DR LLC          
2.625% 11/01/31   190,000    156,517 
4.300% 3/15/27   45,000    43,951 
Extra Space Storage LP          
2.350% 3/15/32   215,000    172,025 
2.400% 10/15/31   76,000    62,527 
2.550% 6/01/31   130,000    107,920 
GLP Capital LP/GLP Financing II, Inc.          
3.250% 1/15/32   37,000    31,148 
4.000% 1/15/30   642,000    586,119 
4.000% 1/15/31   75,000    66,924 
Healthcare Realty Holdings LP          
2.000% 3/15/31   200,000    158,978 
2.050% 3/15/31   67,000    51,665 
2.400% 3/15/30   195,000    159,625 
3.100% 2/15/30   190,000    165,432 
3.625% 1/15/28   45,000    41,553 
Hudson Pacific Properties LP          
3.250% 1/15/30   386,000    297,322 
3.950% 11/01/27   68,000    60,244 
4.650% 4/01/29 (d)   135,000    115,008 
Invitation Homes Operating Partnership LP          
2.000% 8/15/31   405,000    321,809 
4.150% 4/15/32   40,000    36,607 
5.500% 8/15/33   65,000    64,750 
LXP Industrial Trust          
2.375% 10/01/31   430,000    343,225 
Prologis Euro Finance LLC          
4.250% 1/31/43 EUR (c)   310,000    336,869 
Realty Income Corp.          
5.125% 7/06/34 EUR (c)   270,000    317,799 
Rexford Industrial Realty LP          
2.150% 9/01/31   5,000    4,004 
VICI Properties LP          
4.950% 2/15/30   60,000    58,023 
5.125% 5/15/32   306,000    292,688 
VICI Properties LP/VICI Note Co., Inc.          
3.875% 2/15/29 (b)   90,000    82,833 
4.125% 8/15/30 (b)   19,000    17,277 
4.500% 1/15/28 (b)   58,000    55,568 
4.625% 6/15/25 (b)   15,000    14,770 
         5,336,028 
Retail — 0.1%          
Ferrellgas LP/Ferrellgas Finance Corp.          
5.875% 4/01/29 (b) (d)   60,000    57,139 
Michaels Cos., Inc.          
5.250% 5/01/28 (b) (d)   170,000    144,853 
         201,992 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Savings & Loans — 0.1%          
Nationwide Building Society Secured Overnight Financing Rate + 1.290%          
2.972% VRN 2/16/28 (b)  $340,000   $317,123 
Software — 0.0%          
Open Text Corp.          
6.900% 12/01/27 (b)   50,000    51,700 
Telecommunications — 0.2%          
Frontier Communications Holdings LLC          
8.625% 3/15/31 (b) (d)   226,000    230,820 
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC          
4.738% 9/20/29 (b)   173,750    172,792 
T-Mobile USA, Inc.          
3.750% 4/15/27   375,000    361,165 
         764,777 
Water — 0.1%          
Thames Water Utilities Finance PLC          
4.375% 1/18/31 EUR (b) (c)   160,000    159,854 
           
TOTAL CORPORATE DEBT
(Cost $62,078,885)
        58,278,870 
           
MUNICIPAL OBLIGATIONS — 0.8%          
California — 0.1%          
California State University, Revenue Bonds, Series B          
2.374% 11/01/35   5,000    3,926 
University of California, Revenue Bonds, Series BI          
2.247% 5/15/34   290,000    231,747 
         235,673 
New Jersey — 0.2%          
Jersey City Municipal Utilities Authority, NJ, Revenue Bonds, Series B          
5.470% 5/15/27   520,000    526,364 
New York — 0.5%          
City of New York, NY, General Obligation, Series G1          
5.968% 3/01/36   500,000    528,003 
New York City Transitional Finance Authority, NY, Future Tax Secured Revenue, Revenue Bonds, Series G3          
2.450% 11/01/34   560,000    445,254 
New York State Dormitory Authority, Revenue Bonds, Series H          
5.289% 3/15/33   750,000    754,475 
         1,727,732 
           
TOTAL MUNICIPAL OBLIGATIONS
(Cost $2,793,604)
        2,489,769 
           
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS — 16.8%          
Commercial Mortgage-Backed Securities — 3.4%          
BAMLL Commercial Mortgage Securities Trust, Series 2018-PARK, Class A,          
4.091% VRN 8/10/38 (b) (e)   620,000    574,731 
BX Commercial Mortgage Trust          
Series 2020-VIV4, Class A, 2.843% 3/09/44 (b)   1,160,000    1,005,163 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Series 2020-VIVA, Class D, 3.549% VRN 3/11/44 (b) (e)  $780,000   $668,312 
Series 2022-CSMO, Class A, 1 mo. USD Term SOFR + 2.115% 7.440% FRN 6/15/27 (b)   692,000    694,595 
BX Trust          
Series 2019-OC11, Class A, 3.202% 12/09/41 (b)   180,000    160,397 
Series 2019-OC11, Class E, 3.944% VRN 12/09/41 (b) (e)   300,000    257,486 
Series 2022-VAMF, Class C, 1 mo. USD Term SOFR + 1.580% 6.905% FRN 1/15/39 (b)   443,000    436,910 
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, 1 mo. USD Term SOFR + 3.188%          
8.514% FRN 3/15/35 (b)   894,000    887,295 
Century Plaza Towers, Series 2019-CPT, Class A          
2.865% 11/13/39 (b)   355,000    303,569 
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE4, Class F, 1 mo. USD Term SOFR + 2.697%          
8.023% FRN 5/15/36 (b)   897,766    894,535 
DC Office Trust, Series 2019-MTC, Class A          
2.965% 9/15/45 (b)   375,000    319,305 
Grace Trust, Series 2020-GRCE, Class A          
2.347% 12/10/40 (b)   900,000    729,128 
Hudson Yards Mortgage Trust          
Series 2019-55HY, Class A, 2.943% VRN 12/10/41 (b) (e)   375,000    329,239 
Series 2019-30HY, Class A, 3.228% 7/10/39 (b)   385,000    344,910 
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A          
3.397% 6/05/39 (b)   385,000    347,336 
MKT Mortgage Trust, Series 2020-525M, Class A          
2.694% 2/12/40 (b)   255,000    206,511 
One Bryant Park Trust, Series 2019-OBP, Class A          
2.516% 9/15/54 (b)   490,000    419,287 
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1,          
3.872% VRN 1/05/43 (b) (e)   655,000    488,873 
SMRT Commercial Mortgage Trust, Series 2022-MINI, Class F, 1 mo. USD Term SOFR + 3.350%          
8.676% FRN 1/15/39 (b)   630,000    598,336 
Stack Infrastructure Issuer LLC, Series 2024-1A, Class A2          
5.900% 3/25/49 (b)   820,000    822,374 
Vantage Data Centers Issuer LLC, Series 2020-1A, Class A2          
1.645% 9/15/45 (b)   444,000    415,688 
Wells Fargo Commercial Mortgage Trust, Series 2019-JWDR, Class E,          
3.860% VRN 9/15/31 (b) (e)   281,000    259,311 
         11,163,291 
Home Equity Asset-Backed Securities — 2.2%          
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-4, Class M2, 1 mo. USD Term SOFR + 0.819%          
6.149% FRN 10/25/35   670,109    600,362 
Countrywide Asset-Backed Certificates Trust, Series 2004-7, Class MF2,          
4.155% VRN 10/25/34 (e)   1,532,190    1,437,087 
GSAMP Trust, Series 2005-HE5, Class M3, 1 mo. USD Term SOFR + 0.804%          
6.134% FRN 11/25/35   178,085    175,168 
JP Morgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF4,          
4.286% STEP 3/25/47   2,561,837    1,642,762 
Long Beach Mortgage Loan Trust, Series 2006-9, Class 2A2, 1 mo. USD Term SOFR + 0.334%          
5.664% FRN 10/25/36   5,841,840    1,813,819 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Morgan Stanley Capital I, Inc. Trust, Series 2006-HE1, Class A4, 1 mo. USD Term SOFR + 0.694%          
6.024% FRN 1/25/36  $757,565   $705,934 
Saxon Asset Securities Trust, Series 2007-2, Class A2C, 1 mo. USD Term SOFR + 0.354%          
5.684% FRN 5/25/47   1,460,795    987,529 
         7,362,661 
Other Asset-Backed Securities — 3.9%          
AIMCO CLO, Series 2015-AA, Class BR2, 3 mo. USD Term SOFR + 1.862%          
7.178% FRN 10/17/34 (b)   1,100,000    1,100,046 
AIMCO CLO 11 Ltd., Series 2020-11A, Class AR, 3 mo. USD Term SOFR + 1.392%          
6.708% FRN 10/17/34 (b)   750,000    749,485 
Allegro CLO XII Ltd., Series 2020-1A, Class A1, 3 mo. USD Term SOFR + 1.512%          
6.829% FRN 1/21/32 (b)   850,000    850,421 
BlueMountain CLO Ltd., Series 2018-3A, Class BR, 3 mo. USD Term SOFR + 1.850%          
7.175% FRN 10/25/30 (b)   800,000    800,018 
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR, 3 mo. USD Term SOFR + 1.162%          
6.476% FRN 4/15/29 (b)   665,337    665,410 
Eaton Vance CLO Ltd., Series 2020-1A, Class AR, 3 mo. USD Term SOFR + 1.432%          
6.746% FRN 10/15/34 (b)   990,000    990,246 
FirstKey Homes Trust, Series 2020-SFR2, Class E          
2.668% 10/19/37 (b)   390,000    367,977 
Flatiron CLO 21 Ltd., Series 2021-1A, Class B, 3 mo. USD Term SOFR + 1.862%          
7.171% FRN 7/19/34 (b)   850,000    850,160 
HPS Loan Management Ltd., Series 2021-16A, Class A1, 3 mo. USD Term SOFR + 1.402%          
6.717% FRN 1/23/35 (b)   1,000,000    1,000,751 
Madison Park Funding XXIX Ltd., Series 2018-29A, Class AR, 3 mo. USD Term SOFR + 1.180%          
6.489% FRN 10/18/30 (b) (f)   825,000    825,148 
Magnetite XII Ltd., Series 2015-12A, Class AR4, 3 mo. USD Term SOFR + 1.150%          
6.472% FRN 10/15/31 (b)   800,000    800,142 
Progress Residential Trust          
Series 2020-SFR3, Class E, 2.296% 10/17/27 (b)   590,000    554,095 
Series 2020-SFR3, Class F, 2.796% 10/17/27 (b)   360,000    338,140 
Series 2021-SFR2, Class F, 3.395% 4/19/38 (b)   1,150,000    1,052,161 
Series 2021-SFR10, Class F, 4.608% 12/17/40 (b)   1,236,731    1,093,773 
Rockford Tower CLO Ltd., Series 2021-1A, Class A1, 3 mo. USD Term SOFR + 1.432%          
6.749% FRN 7/20/34 (b)   850,000    850,195 
         12,888,168 
Student Loans Asset-Backed Securities — 1.3%          
Access Group, Inc., Series 2015-1, Class A, 30 day USD SOFR Average + 0.814%          
6.135% FRN 7/25/56 (b)   246,266    237,253 
Collegiate Funding Services Education Loan Trust, Series 2005-A, Class A4, 90 day USD SOFR Average + 0.462%          
5.814% FRN 3/28/35   858,534    814,138 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
SLM Student Loan Trust          
Series 2007-7, Class A4, 90 day USD SOFR Average + 0.592% 5.953% FRN 1/25/22  $382,709   $373,348 
Series 2012-7, Class A3, 30 day USD SOFR Average + 0.764% 6.085% FRN 5/26/26   485,787    467,506 
Series 2012-2, Class A, 30 day USD SOFR Average + 0.814% 6.135% FRN 1/25/29   560,827    524,314 
Series 2012-1, Class A3, 30 day USD SOFR Average + 1.064% 6.385% FRN 9/25/28   459,178    443,780 
Series 2008-6, Class A4, 90 day USD SOFR Average + 1.362% 6.723% FRN 7/25/23   639,579    634,533 
Series 2008-5, Class B, 90 day USD SOFR Average + 2.112% 7.473% FRN 7/25/73   700,000    695,676 
         4,190,548 
Whole Loan Collateral Collateralized Mortgage Obligations — 6.0%          
American Home Mortgage Investment Trust, Series 2005-1, Class 6A, 6 mo. USD Term SOFR + 2.428%          
7.681% FRN 6/25/45   182,540    179,063 
Angel Oak Mortgage Trust          
Series 2021-7, Class A1, 1.978% VRN 10/25/66 (b) (e)   198,702    165,617 
Series 2022-6,Class A1, 4.300% STEP 7/25/67 (b)   791,429    764,639 
Chase Mortgage Finance Trust, Series 2007-A1, Class 11A4,          
4.345% VRN 3/25/37 (e)   197,993    182,541 
Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A, 1 yr. CMT + 2.400%          
7.780% FRN 10/25/35   147,275    145,747 
COLT Mortgage Loan Trust, Series 2021-6, Class A1,          
1.907% VRN 12/25/66 (b) (e)   653,748    566,579 
Countrywide Alternative Loan Trust          
Series 2006-OA6, Class 1A2, 1 mo. USD Term SOFR + 0.534% 5.864% FRN 7/25/46   744,482    660,080 
Series 2005-31, Class 2A1, 1 mo. USD Term SOFR + 0.714% 6.044% FRN 8/25/35   719,026    656,898 
Credit Suisse Mortgage Trust, Series 2018-RPL9, Class A,          
3.850% VRN 9/25/57 (b) (e)   698,459    662,081 
Deephaven Residential Mortgage Trust, Series 2021-4, Class A1,          
1.931% VRN 11/25/66 (b) (e)   1,323,523    1,131,400 
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-1, Class 1A3, 1 mo. USD Term SOFR + 0.614%          
5.944% FRN 2/25/35   1,135,052    1,104,991 
First Franklin Mortgage Loan Trust, Series 2006-FFH1, Class M1, 1 mo. USD Term SOFR + 0.669%          
5.999% FRN 1/25/36   605,510    580,857 
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1,          
5.754% VRN 11/25/35 (e)   173,182    136,384 
GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1,          
1.750% VRN 12/25/60 (b) (e)   1,405,268    1,277,890 
GS Mortgage-Backed Securities Trust          
Series 2022-PJ6, Class A4, 3.000% VRN 1/25/53 (b) (e)   1,839,833    1,541,723 
Series 2018-RPL1, Class A1A, 3.750% 10/25/57 (b)   526,300    504,781 
HarborView Mortgage Loan Trust, Series 2006-10, Class 1A1A, 1 mo. USD Term SOFR + 0.514%          
5.834% FRN 11/19/36   1,497,576    1,147,575 
Impac CMB Trust, Series 2005-1, Class 1A1, 1 mo. USD Term SOFR + 0.634%          
5.964% FRN 4/25/35   971,426    908,479 
IndyMac Index Mortgage Loan Trust          

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
IndyMac Index Mortgage Loan Trust          
Series 2005-AR19, Class A1, 3.709% VRN 10/25/35 (e)  $613,899   $465,031 
Series 2006-AR27, Class 1A3, 1 mo. USD Term SOFR + 0.654% 5.984% FRN 10/25/36   1,181,036    510,967 
JP Morgan Mortgage Trust, Series 2021-13, Class A3,          
2.500% VRN 4/25/52 (b) (e)   1,585,445    1,275,540 
MASTR Adjustable Rate Mortgages Trust, Series 2007-1, Class I2A3, 1 yr. MTA + 0.740%          
5.829% FRN 1/25/47   142,683    141,173 
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2005-AR1, Class M1, 1 mo. USD Term SOFR + 1.184%          
6.514% FRN 2/25/35   449,885    435,238 
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4 , Class M2, 1 mo. USD Term SOFR + 0.864%          
6.194% FRN 11/25/35   1,450,000    1,388,846 
Structured Asset Mortgage Investments II Trust, Series 2006-AR8, Class A2, 1 mo. USD Term SOFR + 0.534%          
5.864% FRN 10/25/36   1,523,611    1,308,474 
Washington Mutual Mortgage Pass-Through Certificates Trust          
Series 2006-1 Class 3A2, 5.750% 2/25/36   416,898    369,105 
Series 2005-AR15, Class A1A1, 1 mo. USD Term SOFR + 0.634% 5.964% FRN 11/25/45   1,481,219    1,350,270 
Series 2005-AR13, Class A1A1, 1 mo. USD Term SOFR + 0.694% 6.024% FRN 10/25/45   264,939    250,442 
Series 2005-AR2, Class 2A21, 1 mo. USD Term SOFR + 0.774% 6.104% FRN 1/25/45   224,027    216,955 
         20,029,366 
           
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $57,531,338)
        55,634,034 
           
SOVEREIGN DEBT OBLIGATIONS — 0.6%          
Brazilian Government International Bond          
6.125% 3/15/34   200,000    197,792 
Colombia Government International Bond          
3.125% 4/15/31   200,000    159,584 
Dominican Republic International Bond          
4.500% 1/30/30 (b)   200,000    181,985 
Hungary Government International Bond          
2.125% 9/22/31 (b)   200,000    158,400 
Mexico Government International Bond          
4.875% 5/19/33   300,000    284,063 
Panama Government International Bond          
3.160% 1/23/30   200,000    166,002 
Paraguay Government International Bond          
4.950% 4/28/31 (b)   200,000    192,779 
Perusahaan Penerbit SBSN Indonesia III          
2.550% 6/09/31 (b)   200,000    170,978 
Peruvian Government International Bond          
2.783% 1/23/31   200,000    171,813 
Republic of Poland Government International Bond          
4.875% 10/04/33   100,000    98,381 
Republic of South Africa Government International Bond          
5.875% 4/20/32   250,000    225,000 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Romania Government International Bond          
3.000% 2/14/31 (b)  $110,000   $92,215 
         2,098,992 
           
TOTAL SOVEREIGN DEBT OBLIGATIONS
(Cost $2,258,394)
        2,098,992 
           
U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (g) — 38.0%          
Collateralized Mortgage Obligations — 0.8%          
Federal Home Loan Mortgage Corp. REMICS          
Series 4818, Class CA, 3.000% 4/15/48   132,036    114,590 
Series 4639, Class HZ, 3.250% STEP 4/15/53   1,680,380    1,339,405 
Series 4846, Class PA, 4.000% 6/15/47   37,659    37,056 
Federal National Mortgage Association REMICS          
Series 2018-43, Class CT, 3.000% 6/25/48   232,114    201,464 
Series 2018-57, Class QA, 3.500% 5/25/46   42,576    41,841 
Government National Mortgage Association REMICS          
Series 2018-124, Class NW, 3.500% 9/20/48   225,496    201,330 
Series 2019-15, Class GT, 3.500% 2/20/49   140,203    125,013 
Series 2024-30, Class AF, 30 day USD SOFR Average + 1.250% 6.500% FRN 2/20/54   499,368    500,705 
         2,561,404 
Pass-Through Securities — 36.9%          
Federal Home Loan Mortgage Corp.          
Pool #SD8199 2.000% 3/01/52 (f)   1,224,502    969,725 
Pool #QE0312 2.000% 4/01/52   1,138,608    901,702 
Pool #RA4179 2.500% 12/01/50   1,557,567    1,287,553 
Pool #RA6815 2.500% 2/01/52   2,063,374    1,724,376 
Pool #SD8194 2.500% 2/01/52   1,514,225    1,253,145 
Pool #SD8205 2.500% 4/01/52   1,639,710    1,355,969 
Pool #SD8212 2.500% 5/01/52   1,596,852    1,320,527 
Pool #G18592 3.000% 3/01/31   128,660    122,616 
Pool #G18627 3.000% 1/01/32   429,958    408,670 
Pool #G08710 3.000% 6/01/46   89,000    78,684 
Pool #ZM1779 3.000% 9/01/46   451,878    398,980 
Pool #G08726 3.000% 10/01/46   669,189    590,994 
Pool #G08732 3.000% 11/01/46   244,321    215,772 
Pool #G08741 3.000% 1/01/47   675,118    596,230 
Pool #QD8259 3.000% 3/01/52   1,803,963    1,557,837 
Pool #G07848 3.500% 4/01/44   1,056,703    979,809 
Pool #G60023 3.500% 4/01/45   972,075    897,664 
Pool #G08711 3.500% 6/01/46   290,468    266,055 
Pool #G67700 3.500% 8/01/46   486,562    447,340 
Pool #G08716 3.500% 8/01/46   407,917    373,632 
Pool #G08722 3.500% 9/01/46   72,116    66,054 
Pool #G08742 3.500% 1/01/47   333,381    305,152 
Pool #G08757 3.500% 4/01/47   84,998    77,721 
Pool #ZA5103 3.500% 12/01/47   3,234    2,943 
Pool #G67707 3.500% 1/01/48   1,762,969    1,624,159 
Pool #G08800 3.500% 2/01/48   29,731    27,083 
Pool #G08816 3.500% 6/01/48   237,138    215,947 
Pool #G61556 3.500% 8/01/48   405,545    371,079 
Pool #G60344 4.000% 12/01/45   521,588    495,335 
Pool #G67711 4.000% 3/01/48   570,847    540,866 
Pool #G67713 4.000% 6/01/48   2,375    2,245 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Pool #RA7921 4.000% 9/01/52  $1,632,540   $1,517,171 
Pool #SD8244 4.000% 9/01/52   1,747,158    1,618,775 
Pool #G08843 4.500% 10/01/48   109,525    105,889 
Pool #SD2322 4.500% 9/01/52   498,567    474,856 
Pool #SD8275 4.500% 12/01/52 (f)   2,227,190    2,121,268 
Pool #SD2730 4.500% 4/01/53   1,483,809    1,413,241 
Pool #G08833 5.000% 7/01/48   72,820    72,363 
Pool #G08844 5.000% 10/01/48   65,758    65,345 
Federal National Mortgage Association          
Pool #MA4176 2.000% 11/01/40   1,168,631    984,640 
Pool #MA4333 2.000% 5/01/41   174,087    146,026 
Pool #MA4158 2.000% 10/01/50   963,889    767,554 
Pool #MA4492 2.000% 12/01/51   1,649,711    1,307,493 
Pool #BQ6913 2.000% 12/01/51   2,153,244    1,706,572 
Pool #BQ7006 2.000% 1/01/52   3,402,637    2,696,790 
Pool #CB2802 2.000% 2/01/52   1,111,476    884,731 
Pool #MA4562 2.000% 3/01/52   4,058,874    3,214,360 
Pool #FS1598 2.000% 4/01/52   1,547,756    1,225,721 
Pool #BL6060 2.455% 4/01/40   570,000    413,074 
Pool #MA4512 2.500% 1/01/52   1,604,303    1,327,191 
Pool #MA4548 2.500% 2/01/52   1,535,092    1,270,414 
Pool #MA4563 2.500% 3/01/52   1,568,627    1,297,186 
Pool #MA1607 3.000% 10/01/33   239,884    225,971 
Pool #MA3811 3.000% 10/01/49   196,894    168,985 
Pool #CB2430 3.000% 12/01/51   2,726,681    2,346,994 
Pool #BV8477 3.000% 5/01/52   545,470    470,090 
Pool #AB4262 3.500% 1/01/32   198,211    190,303 
Pool #MA1512 3.500% 7/01/33   102,718    98,267 
Pool #MA1148 3.500% 8/01/42   603,882    554,665 
Pool #CA0996 3.500% 1/01/48   115,998    105,969 
Pool #MA3305 3.500% 3/01/48   22,743    20,691 
Pool #BL1132 3.730% 1/01/29   920,000    871,488 
Pool #MA1146 4.000% 8/01/42   249,154    237,020 
Pool #AS9830 4.000% 6/01/47   114,597    107,976 
Pool #MA3027 4.000% 6/01/47   172,233    162,281 
Pool #AS9972 4.000% 7/01/47   104,026    98,016 
Pool #931504 4.500% 7/01/39   35,175    34,450 
Pool #CA1711 4.500% 5/01/48   124,532    120,478 
Pool #CA1710 4.500% 5/01/48   382,727    370,266 
Pool #CA2208 4.500% 8/01/48   218,421    211,105 
Pool #MA4733 4.500% 9/01/52   404,562    385,322 
Pool #BW9897 4.500% 10/01/52   708,017    674,301 
Pool #FS4701 4.500% 4/01/53   1,703,101    1,621,572 
Pool #AD6374 5.000% 5/01/40   7,429    7,486 
Pool #AI2733 5.000% 5/01/41   80,158    80,724 
Pool #977014 5.500% 5/01/38   8,073    8,278 
Pool #985524 5.500% 6/01/38   12,257    12,598 
Pool #988578 5.500% 8/01/38   87,648    89,961 
Pool #995482 5.500% 1/01/39   48,881    50,204 
Government National Mortgage Association II          
Pool #MA4126 3.000% 12/20/46   524,329    469,737 
Pool #MA4718 3.000% 9/20/47   56,752    50,772 
Pool #MA4836 3.000% 11/20/47   199,328    178,325 
Pool #MA6209 3.000% 10/20/49   170,296    147,243 
Pool #MA3521 3.500% 3/20/46   202,715    187,502 
Pool #MA3597 3.500% 4/20/46   63,109    58,373 
Pool #MA3663 3.500% 5/20/46   92,293    85,280 
Pool #MA3937 3.500% 9/20/46   75,884    70,047 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Pool #MA4127 3.500% 12/20/46  $278,105   $256,451 
Pool #MA4262 3.500% 2/20/47   281,678    259,747 
Pool #MA4382 3.500% 4/20/47   72,016    66,341 
Pool #MA4719 3.500% 9/20/47   88,598    81,478 
Pool #MA4837 3.500% 11/20/47   183,341    168,608 
Pool #MA4900 3.500% 12/20/47   660,694    607,600 
Pool #MA4653 4.000% 8/20/47   34,995    33,146 
Pool #MA4838 4.000% 11/20/47   145,493    137,625 
Pool #MA4901 4.000% 12/20/47   63,824    60,372 
Pool #MA5078 4.000% 3/20/48   215,784    204,114 
Pool #MA5466 4.000% 9/20/48   241,112    227,921 
Pool #MA5399 4.500% 8/20/48   437,748    425,680 
Pool #MA3666 5.000% 5/20/46   74,554    74,750 
Pool #MA4199 5.000% 1/20/47   76,605    76,723 
Pool #MA4454 5.000% 5/20/47   116,719    117,441 
Pool #MA4722 5.000% 9/20/47   128,651    129,246 
Government National Mortgage Association II, TBA          
2.500% 4/20/54 (f)   5,225,000    4,449,979 
4.500% 4/20/54 (f)   5,175,000    4,972,185 
5.000% 4/20/54 (f)   4,400,000    4,325,027 
5.500% 5/20/54 (f)   2,450,000    2,447,314 
Uniform Mortgage-Backed Security, TBA          
2.000% 4/01/54 (f)   7,375,000    5,834,705 
2.500% 4/01/54 (f)   3,500,000    2,893,106 
3.000% 4/01/54 (f)   5,750,000    4,948,145 
3.500% 4/01/54 (f)   4,425,000    3,959,165 
4.000% 4/01/54 (f)   14,300,000    13,242,023 
4.500% 4/01/54 (f)   6,750,000    6,427,530 
5.000% 4/01/54 (f)   6,625,000    6,466,103 
5.500% 4/01/54 (f)   4,525,000    4,503,259 
         122,075,048 
Whole Loans — 0.3%          
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R03, Class 1M2, 30 day USD SOFR Average + 3.500%          
8.820% FRN 3/25/42 (b)   1,000,000    1,049,324 
           
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES
(Cost $130,505,031)
        125,685,776 
           
U.S. TREASURY OBLIGATIONS — 39.3%          
U.S. Treasury Bonds & Notes — 39.3%          
U.S. Treasury Bonds          
4.250% 2/15/54   15,777,000    15,515,694 
4.500% 2/15/44 (d)   20,945,000    21,088,997 
U.S. Treasury Notes          
4.000% 2/15/34   19,955,000    19,624,495 
4.125% 3/31/29    35,965,000    35,819,522 
4.250% 3/15/27   13,195,000    13,134,179 
4.250% 2/28/29   17,470,000    17,497,896 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
4.500% 3/31/26  $7,155,000   $7,138,658 
         129,819,441 
           
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $129,653,087)
        129,819,441 
           
TOTAL BONDS & NOTES
(Cost $389,833,667)
        378,990,713 
           
   Number of
Shares
    
EQUITIES — 0.1%          
COMMON STOCK — 0.1%          
Communication Services — 0.1%          
Intelsat SA (h)   7,225    187,850 
           
TOTAL COMMON STOCK
(Cost $676,994)
        187,850 
           
TOTAL EQUITIES
(Cost $676,994)
        187,850 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $390,510,661)
        379,178,563 
           
SHORT-TERM INVESTMENTS — 24.1%          
Investment of Cash Collateral from Securities Loaned — 5.5%          
State Street Navigator Securities Lending Government Money Market Portfolio (i)   17,996,178    17,996,178 
           
   Principal
Amount
    
Repurchase Agreement — 13.9%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (j)  $45,766,315   45,766,315 
U.S. Treasury Bill — 4.7%          
U.S. Treasury Bills          
5.374% 4/16/24 (k)   3,955,000    3,944,552 
5.380% 4/16/24 (k)   5,180,000    5,166,316 
5.385% 4/23/24 (k)   6,240,000    6,217,185 
5.401% 4/02/24 (k)   325,000    324,810 
         15,652,863 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $79,422,699)
        79,415,356 
           
TOTAL INVESTMENTS — 138.8%
(Cost $469,933,360) (l)
        458,593,919 
           
Other Assets/(Liabilities) — (38.8)%        (128,256,617) 
           
NET ASSETS — 100.0%       $330,337,302 

 

Abbreviation Legend

CLO Collateralized Loan Obligation
CMT Constant Maturity Treasury Index
FRN Floating Rate Note
LIBOR London InterBank Offered Rate
MTA Monthly Treasury Average Index
REMICS Real Estate Mortgage Investment Conduits
SOFR Secured Overnight Financing Rate
STEP Step Coupon 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 March 31, 2024 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 March 31, 2024, the aggregate market value of these securities amounted to $52,505,234 or 15.89% of net assets.
(c) The principal amount of the security is in foreign currency. The market value is in U.S. dollars.
(d) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $17,629,634 or 5.34% of net assets. (Note 2).
(e) 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 March 31, 2024.
(f) A portion of this security is purchased on a when-issued, delayed-delivery or forward commitment basis.
(g) 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.
(h) Non-income producing security.
(i) Represents investment of security lending cash collateral. (Note 2).
(j) Maturity value of $45,774,451. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $46,681,656.
(k) The rate shown represents yield-to-maturity.
(l) 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.  4/12/24  USD  102,584   EUR  94,000   $1,136 
Bank of New York  4/12/24  USD  111,585   EUR  103,000    424 
Citibank N.A.  4/12/24  EUR  262,000   USD  284,917   (2,158) 
Citibank N.A.  4/12/24  USD  340,811   GBP  267,000    3,800 
Citibank N.A.  4/12/24  USD  4,049,077   EUR  3,684,000    73,190 
Goldman Sachs International  4/12/24  USD  11,942   EUR  11,000    71
                    $76,463

 

Futures contracts               
   Expiration
Date
  Number of
Contracts
   Notional
Amount
   Value/Net Unrealized
Appreciation
(Depreciation)
 
Long               
U.S. Treasury Ultra 10 Year  6/18/24   6   $683,682  $3,974 
U.S. Treasury Note 2 Year  6/28/24   462    94,544,281   (72,499) 
U.S. Treasury Note 5 Year  6/28/24   39    4,169,610    3,999 
                $(64,526) 
Short               
Euro-BOBL  6/06/24   10   $(1,270,010)  $(5,730) 
Euro-Bund  6/06/24   13    (1,857,601)   (13,060) 
Euro-Buxl 30 Year Bond  6/06/24   2    (287,101)   (5,915) 
U.S. Treasury Note 10 Year  6/18/24   5    (557,852)    3,868 
                $(20,837) 

 

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   $40,659   $   $40,659 

 

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.

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

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.

 

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 alternate valuation approaches including the following:

 

Market approach: considers factors including the price of recent investments in the same or similar security or financial metrics of comparable securities.

 

Income approach: considers factors including expected future cash flows, security specific risks, and corresponding discount rates.

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Cost approach: considers factors including the value of the security’s underlying assets and liabilities.

 

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.

 

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.

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

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 Focused Equity Fund, Fundamental Value 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 March 31, 2024. The Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund characterized all investments at Level 1, as of March 31, 2024. 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 March 31, 2024, for the remaining Funds' investments:

 

Blue Chip Growth Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $469,577,433   $1,310,068   $750,669   $471,638,170 
Preferred Stock           911,759    911,759 
Corporate Debt       972,172        972,172 
Short-Term Investments   3,559    11,001,751        11,005,310 
Total Investments  $469,580,992   $13,283,991   $1,662,428   $484,527,411 

 

Equity Income Fund

 

Common Stock  $340,985,659   $13,469,862*  $   $354,455,521 
Preferred Stock   621,128    2,329,418*       2,950,546 
Short-Term Investments   1,805,192    2,534,992        4,340,184 
Total Investments  $343,411,979   $18,334,272   $   $361,746,251 

 

Equity Index Fund

 

Common Stock  $705,167,791   $   $   $705,167,791 
Short-Term Investments       5,231,955        5,231,955 
Total Investments  $705,167,791   $5,231,955   $   $710,399,746 
Asset Derivatives                    
Futures Contracts  $130,862   $   $   $130,862 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Foreign Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Australia  $   $8,435,627   $   $8,435,627 
Belgium   656,208    5,974,438        6,630,646 
Canada   1,361,350            1,361,350 
Denmark       922,291        922,291 
France       17,411,257        17,411,257 
Germany       19,431,249        19,431,249 
Hong Kong       1,162,535        1,162,535 
Ireland   2,416,098    4,503,487        6,919,585 
Israel   1,787,709            1,787,709 
Italy       595,367        595,367 
Japan       36,662,633        36,662,633 
Luxembourg       1,680,884        1,680,884 
Netherlands       9,114,014        9,114,014 
Norway       2,101,305        2,101,305 
Republic of Korea       3,634,402        3,634,402 
Singapore       2,476,790        2,476,790 
Sweden       4,194,490        4,194,490 
Switzerland       5,541,023        5,541,023 
United Kingdom       30,545,915        30,545,915 
United States   3,541,456    11,263,724        14,805,180 
Preferred Stock*                    
Germany       1,060,849        1,060,849 
Short-Term Investments   3,741,838            3,741,838 
Total Investments  $13,504,659   $166,712,280   $   $180,216,939 

 

Fundamental Equity Fund

 

Common Stock  $142,385,821   $1,639,950*  $   $144,025,771 
Short-Term Investments   762,432    3,752,079        4,514,511 
Total Investments  $143,148,253   $5,392,029   $   $148,540,282 

 

Global Fund

 

Common Stock*                    
Austria  $   $779,081   $   $779,081 
Canada   4,810,771            4,810,771 
Denmark       737,541        737,541 
France       10,221,621        10,221,621 
Germany       4,086,229        4,086,229 
Israel   1,672,738            1,672,738 
Japan       3,202,668        3,202,668 
Mexico       467,223        467,223 
Netherlands       2,992,205        2,992,205 
Republic of Korea       1,494,116        1,494,116 
Spain       3,710,739        3,710,739 
Sweden       1,377,848        1,377,848 
Switzerland       6,205,595        6,205,595 
United Kingdom       9,723,040        9,723,040 
United States   69,978,316    9,748,792        79,727,108 
Short-Term Investments   2,696,220    590,419        3,286,639 
Total Investments  $79,158,045   $55,337,117   $   $134,495,162 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Income & Growth Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $154,729,991   $   $   $154,729,991 
Short-Term Investments   1,625,546     1,461,797         3,087,343 
Total Investments  $156,355,537   $1,461,797   $   $157,817,334 

 

International Equity Fund

 

Common Stock*                    
Australia  $   $3,018,431   $   $3,018,431 
Belgium   698,796    2,098,031        2,796,827 
Canada   7,874,284            7,874,284 
China   672,889    6,393,739        7,066,628 
Denmark       7,213,569        7,213,569 
France       39,123,695        39,123,695 
Germany       35,728,191        35,728,191 
Hong Kong       5,544,191        5,544,191 
India   1,782,924    526,589        2,309,513 
Indonesia       175,203        175,203 
Ireland       1,241,485        1,241,485 
Israel   1,554,159            1,554,159 
Italy   3,815,040    6,573,300        10,388,340 
Japan       28,389,804        28,389,804 
Luxembourg       1,209,971        1,209,971 
Netherlands       4,948,808        4,948,808 
Portugal       1,314,240        1,314,240 
Republic of Korea       3,009,269        3,009,269 
Singapore       1,984,641        1,984,641 
Spain       2,765,632        2,765,632 
Sweden       2,540,069        2,540,069 
Switzerland       18,384,383        18,384,383 
Taiwan   2,679,369            2,679,369 
United Kingdom       24,779,084        24,779,084 
United States   5,544,443    19,628,357        25,172,800 
Preferred Stock*                    
Republic of Korea       1,423,071        1,423,071 
Short-Term Investments   2,939,988    1,952,312        4,892,300 
Total Investments  $27,561,892   $219,966,065   $   $247,527,957 

 

Large Cap Growth Fund

 

Common Stock  $197,024,066   $   $   $197,024,066 
Short-Term Investments   1,615,001    8,436,474        10,051,475 
Total Investments  $198,639,067   $8,436,474   $   $207,075,541 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Managed Volatility Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $101,283,226   $   $   $101,283,226 
Corporate Debt           +    
Purchased Options   415,084            415,084 
Rights           +    
Short-Term Investments       2,669,674        2,669,674 
Total Investments  $101,698,310   $2,669,674   $   $104,367,984 
                     
Liability Derivatives                    
Written Options  $(1,775,701)  $   $   $(1,775,701)

 

Mid Cap Growth Fund

 

Common Stock  $343,989,895   $   $   $343,989,895 
Preferred Stock           740,514    740,514 
Short-Term Investments   542,726    9,351,186        9,893,912 
Total Investments  $344,532,621   $9,351,186   $740,514   $354,624,321 

 

Mid Cap Value Fund

 

Common Stock  $245,053,552   $21,201,234*  $   $266,254,786 
Preferred Stock       2,149,103*       2,149,103 
Short-Term Investments       2,016,999        2,016,999 
Total Investments  $245,053,552   $25,367,336   $   $270,420,888 
                     
Asset Derivatives                    
Forward Contracts  $   $81,133       $81,133 
                     
Liability Derivatives                    
Forward Contracts  $   $(4,825)  $   $(4,825)

 

Small Cap Growth Equity Fund

 

Common Stock  $150,792,553   $   $   $150,792,553 
Exchange-Traded Funds   1,557,688            1,557,688 
Short-Term Investments   1,517,043    1,736,926        3,253,969 
Total Investments  $153,867,284   $1,736,926   $   $155,604,210 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Small Company Value Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $74,146,738   $477,378*  $   $74,624,116 
Short-Term Investments   1,089,088    115,946        1,205,034 
Total Investments  $75,235,826   $593,324   $   $75,829,150 
                     
Asset Derivatives                    
Forward Contracts  $   $5,543   $   $5,543 

 

Sustainable Equity Fund

 

Common Stock  $149,629,269   $1,907,321*  $   $151,536,590 
Exchange-Traded Funds   87,876            87,876 
Short-Term Investments       337,452        337,452 
Total Investments  $149,717,145   $2,244,773   $   $151,961,918 
                     
Asset Derivatives                    
Forward Contracts  $   $2,797   $   $2,797 
                     
Liability Derivatives                    
Forward Contracts  $   $(46)  $   $(46)

 

Total Return Bond Fund

 

Bank Loans  $   $4,983,831   $   $4,983,831 
Corporate Debt       58,278,870        58,278,870 
Municipal Obligations       2,489,769        2,489,769 
Non-U.S. Government Agency Obligations       55,634,034        55,634,034 
Sovereign Debt Obligations       2,098,992        2,098,992 
U.S. Government Agency Obligations and Instrumentalities       125,685,776        125,685,776 
U.S. Treasury Obligations       129,819,441        129,819,441 
Common Stock   187,850            187,850 
Short-Term Investments   17,996,178    61,419,178        79,415,356 
Total Investments  $18,184,028   $440,409,891   $   $458,593,919 
                     
Asset Derivatives                    
Forward Contracts  $   $78,621   $   $78,621 
Futures Contracts   11,841            11,841 
Swap Agreements       40,659        40,659 
Total  $11,841   $119,280   $   $131,121 
                     
Liability Derivatives                    
Forward Contracts  $   $(2,158)  $   $(2,158)
Futures Contracts   (97,204)           (97,204)
Total  $(97,204)  $(2,158)  $   $(99,362)

 

 

 

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.

+Represents a security at $0 value as of March 31, 2024.

 

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 March 31, 2024, 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.

 

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.

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

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 March 31, 2024, 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 U.S. 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  $287,521,306   $6,644,258   $(23,260,439)  $(16,616,181)
Balanced Allocation Fund   334,804,576    12,393,497    (24,333,233)   (11,939,736)
Moderate Allocation Fund   1,179,116,060    42,441,228    (68,815,674)   (26,374,446)
Growth Allocation Fund   973,866,461    47,924,924    (48,581,019)   (656,095)
Aggressive Allocation Fund   131,684,618    5,389,064    (4,641,112)   747,952 
MML American Funds Growth Fund   208,903,528    56,683,733        56,683,733 
MML American Funds Core Allocation Fund   611,739,927    84,824,952    (32,669,302)   52,155,650 
Blue Chip Growth Fund   293,347,144    204,120,458    (12,940,191)   191,180,267 
Equity Income Fund   267,806,468    99,877,467    (5,937,684)   93,939,783 
Equity Index Fund   329,464,167    397,740,943    (16,805,364)   380,935,579 
Focused Equity Fund   235,677,090    59,020,613    (3,902,748)   55,117,865 
Foreign Fund   163,743,219    32,557,198    (16,083,478)   16,473,720 
Fundamental Equity Fund   116,242,456    34,061,595    (1,763,769)   32,297,826 
Fundamental Value Fund   129,641,666    49,347,738    (1,268,823)   48,078,915 
Global Fund   104,697,513    33,442,023    (3,644,374)   29,797,649 
Income & Growth Fund   122,965,826    38,287,334    (3,435,826)   34,851,508 
International Equity Fund   230,714,605    38,095,314    (21,281,962)   16,813,352 
Large Cap Growth Fund   147,197,165    67,515,778    (7,637,402)   59,878,376 
Managed Volatility Fund   59,756,584    47,276,874    (2,665,474)   44,611,400 
Mid Cap Growth Fund   260,850,296    101,013,655    (7,239,630)   93,774,025 
Mid Cap Value Fund   261,555,215    23,408,873    (14,543,200)   8,865,673 
Small Cap Growth Equity Fund   128,174,236    36,947,870    (9,517,896)   27,429,974 
Small Company Value Fund   70,512,258    10,889,805    (5,572,913)   5,316,892 
Small/Mid Cap Value Fund   119,201,160    26,061,773    (7,986,787)   18,074,986 
Sustainable Equity Fund   103,661,057    51,668,218    (3,367,357)   48,300,861 
Total Return Bond Fund   469,933,360    1,583,803    (12,923,244)   (11,339,441)

 

4. New Accounting Pronouncements

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.

 

5. 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.