N-Q 1 d704626dnq.htm METROPOLITAN SERIES FUND Metropolitan Series Fund
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-3618

 

 

Metropolitan Series Fund

(Exact name of registrant as specified in charter)

 

 

One Financial Center

Boston, Massachusetts 02111

(Address of principal executive offices) (Zip code)

 

 

 

(Name and Address of Agent for Service)   Copy to:

Peter H. Duffy

MetLife Advisers, LLC

One Financial Center

Boston, Massachusetts 02111

 

David C. Mahaffey, Esq.

Sullivan & Worcester LLP

1666 K Street, N.W.

Washington, D.C. 20006

 

 

Registrant’s telephone number, including area code: (617) 578-3408

Date of fiscal year end: December 31

Date of reporting period: January 1, 2014 to March 31, 2014

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. §3507.

 

 

 


Table of Contents
Item 1. Schedule of Investments.

The following is a copy of the unaudited schedules as of the close of the reporting period as set forth in §§ 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12.14]:


Table of Contents
                   
LOGO
    Metropolitan Series Fund
   

 

Schedule of Investments

     
           
     

March 31, 2014

 

         
   LOGO


Table of Contents

Metropolitan Series Fund

Table of Contents

 

Schedule of Investments as of March 31, 2014 (Unaudited)   

Baillie Gifford International Stock Portfolio

   MSF-1

Barclays Aggregate Bond Index Portfolio

   MSF-5

BlackRock Bond Income Portfolio

   MSF-18

BlackRock Capital Appreciation Portfolio

   MSF-37

BlackRock Large Cap Value Portfolio

   MSF-41

BlackRock Money Market Portfolio

   MSF-44

Frontier Mid Cap Growth Portfolio

   MSF-48

Jennison Growth Portfolio

   MSF-51

Loomis Sayles Small Cap Core Portfolio

   MSF-54

Loomis Sayles Small Cap Growth Portfolio

   MSF-59

Met/Artisan Mid Cap Value Portfolio

   MSF-62

Met/Dimensional International Small Company Portfolio

   MSF-65

MetLife Asset Allocation 20 Portfolio (formerly MetLife Conservative Allocation Portfolio)

   MSF-101

MetLife Asset Allocation 40 Portfolio (formerly MetLife Conservative to Moderate Allocation Portfolio)

   MSF-102

MetLife Asset Allocation 60 Portfolio (formerly MetLife Moderate Allocation Portfolio)

   MSF-104

MetLife Asset Allocation 80 Portfolio (formerly MetLife Moderate to Aggressive Allocation Portfolio)

   MSF-106

MetLife Mid Cap Stock Index Portfolio

   MSF-108

MetLife Stock Index Portfolio

   MSF-115

MFS Total Return Portfolio

   MSF-123

MFS Value Portfolio

   MSF-136

MSCI EAFE Index Portfolio

   MSF-140

Neuberger Berman Genesis Portfolio

   MSF-151

Russell 2000 Index Portfolio

   MSF-156

T. Rowe Price Large Cap Growth Portfolio

   MSF-175

T. Rowe Price Small Cap Growth Portfolio

   MSF-180

Van Eck Global Natural Resources Portfolio

   MSF-185

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-187

Western Asset Management U.S. Government Portfolio

   MSF-205

WMC Balanced Portfolio

   MSF-212

WMC Core Equity Opportunities Portfolio

   MSF-230

Notes to Schedule of Investments

   MSF-233

 

Not all Portfolios are available under every product.

Refer to your prospectus for information on the Portfolios that are available.

 


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Argentina—1.1%

   

MercadoLibre, Inc. (a)

    241,338      $ 22,953,657   
   

 

 

 

Australia—3.0%

   

Brambles, Ltd.

    2,699,158        23,193,678   

Cochlear, Ltd. (a)

    254,010        13,433,325   

Treasury Wine Estates, Ltd.

    2,934,567        9,611,992   

Woolworths, Ltd.

    545,520        18,078,599   
   

 

 

 
      64,317,594   
   

 

 

 

Brazil—1.5%

   

Embraer S.A. (ADR)

    596,376        21,165,384   

Itau Unibanco Holding S.A. (ADR)

    745,490        11,077,982   
   

 

 

 
      32,243,366   
   

 

 

 

Canada—2.5%

   

Cenovus Energy, Inc.

    318,499        9,210,686   

Fairfax Financial Holdings, Ltd.

    75,060        32,590,502   

Ritchie Bros. Auctioneers, Inc. (a)

    509,626        12,297,275   
   

 

 

 
      54,098,463   
   

 

 

 

China—2.4%

   

Baidu, Inc. (ADR) (a) (b)

    171,400        26,117,932   

Sun Art Retail Group, Ltd. (a)

    6,227,000        7,852,578   

Want Want China Holdings, Ltd. (a)

    12,275,626        18,274,480   
   

 

 

 
      52,244,990   
   

 

 

 

Denmark—3.7%

   

DSV A/S

    864,812        27,945,008   

Novo Nordisk A/S - Class B

    614,960        28,054,186   

Novozymes A/S - B Shares

    517,776        22,798,188   
   

 

 

 
      78,797,382   
   

 

 

 

Finland—3.5%

   

Kone Oyj - Class B (a)

    982,020        41,242,103   

Sampo Oyj - A Shares

    644,952        33,508,161   
   

 

 

 
      74,750,264   
   

 

 

 

France—3.4%

   

Edenred

    595,720        18,708,525   

Essilor International S.A.

    244,660        24,722,491   

Lafarge S.A.

    383,783        30,082,843   
   

 

 

 
      73,513,859   
   

 

 

 

Germany—6.7%

   

Brenntag AG

    117,311        21,784,426   

Continental AG

    139,901        33,524,080   

Deutsche Boerse AG

    427,339        34,006,945   

MTU Aero Engines AG

    80,330        7,471,384   

SAP AG

    267,608        21,661,188   

Sky Deutschland AG (b)

    2,879,333        24,829,256   
   

 

 

 
      143,277,279   
   

 

 

 

Hong Kong—2.8%

  

China Mobile, Ltd.

    1,750,000      15,901,181   

Hang Seng Bank, Ltd.

    1,066,800        16,990,933   

Hong Kong Exchanges and Clearing, Ltd.

    1,785,700        27,090,094   
   

 

 

 
      59,982,208   
   

 

 

 

India—0.6%

  

IDFC, Ltd.

    5,752,537        11,801,600   
   

 

 

 

Ireland—5.3%

  

CRH plc

    774,129        21,659,761   

Experian plc

    1,520,300        27,422,438   

James Hardie Industries plc

    2,036,075        27,078,848   

Ryanair Holdings plc (ADR) (b)

    622,235        36,593,640   
   

 

 

 
      112,754,687   
   

 

 

 

Japan—9.4%

  

FANUC Corp.

    125,500        22,097,121   

Fast Retailing Co., Ltd. (a)

    71,400        25,847,737   

Japan Exchange Group, Inc.

    947,700        23,072,482   

Rakuten, Inc. (a)

    2,202,900        29,337,496   

Shimano, Inc.

    198,600        19,939,334   

SMC Corp. (a)

    114,500        30,127,980   

Tokyo Electron, Ltd.

    273,800        16,810,034   

Toyota Tsusho Corp.

    751,400        19,043,198   

Trend Micro, Inc.

    490,400        15,160,289   
   

 

 

 
      201,435,671   
   

 

 

 

Netherlands—2.6%

  

Heineken Holding NV

    419,645        27,102,656   

Unilever NV

    718,592        29,546,592   
   

 

 

 
      56,649,248   
   

 

 

 

Norway—0.9%

  

Aker Solutions ASA

    487,186        7,586,609   

Seadrill, Ltd. (a)

    318,477        11,242,227   
   

 

 

 
      18,828,836   
   

 

 

 

Peru—0.7%

  

Credicorp, Ltd.

    114,341        15,769,911   
   

 

 

 

Portugal—0.4%

  

Galp Energia SGPS S.A.

    468,009        8,091,645   
   

 

 

 

Russia—1.8%

  

Magnit OJSC (GDR)

    475,817        26,120,768   

Sberbank of Russia (ADR)

    1,362,889        13,291,606   
   

 

 

 
      39,412,374   
   

 

 

 

Singapore—1.5%

  

United Overseas Bank, Ltd.

    1,815,000        31,307,284   
   

 

 

 

South Africa—3.3%

  

Massmart Holdings, Ltd. (a)

    889,941        11,623,796   

Naspers, Ltd. - N Shares

    544,012        60,022,496   
   

 

 

 
      71,646,292   
   

 

 

 

 

MSF-1


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

South Korea—5.3%

  

Hyundai Mobis

    51,216      $ 15,192,233   

NAVER Corp.

    34,157        24,866,765   

Samsung Electronics Co., Ltd.

    45,482        57,515,111   

SK Telecom Co., Ltd.

    76,078        15,433,900   
   

 

 

 
      113,008,009   
   

 

 

 

Spain—1.5%

  

Inditex S.A.

    220,380        33,124,136   
   

 

 

 

Sweden—5.5%

  

Atlas Copco AB - B Shares

    1,656,195        45,414,484   

Svenska Handelsbanken AB - A Shares (a)

    985,384        49,523,786   

Volvo AB - B Shares (a)

    1,382,666        21,941,042   
   

 

 

 
      116,879,312   
   

 

 

 

Switzerland—4.2%

  

Nestle S.A.

    801,802        60,414,864   

Wolseley plc

    505,043        28,798,802   
   

 

 

 
      89,213,666   
   

 

 

 

Taiwan—3.4%

  

Hon Hai Precision Industry Co., Ltd.

    5,456,410        15,471,713   

Taiwan Semiconductor Manufacturing Co., Ltd.

    14,711,000        57,481,198   
   

 

 

 
      72,952,911   
   

 

 

 

Turkey—1.3%

  

BIM Birlesik Magazalar A/S (a)

    743,940        16,746,968   

Turkiye Garanti Bankasi A/S (a)

    3,050,227        10,421,039   
   

 

 

 
      27,168,007   
   

 

 

 

United Kingdom—20.1%

  

Amlin plc

    3,181,100        25,702,694   

Antofagasta plc (a)

    978,543        13,652,599   

ARM Holdings plc

    2,611,400        44,034,968   

BG Group plc

    955,000        17,811,054   

BHP Billiton plc

    545,800        16,847,561   

British American Tobacco plc

    710,336        39,547,261   

Burberry Group plc

    518,692        12,089,191   

Capita Group plc

    1,714,300        31,377,098   

Hargreaves Lansdown plc

    1,016,100        24,714,767   

Petrofac, Ltd.

    758,200        18,230,873   

Premier Farnell plc

    3,453,984        13,492,889   

Prudential plc

    1,638,669        34,713,881   

Rio Tinto plc

    904,600        50,449,189   

Rolls-Royce Holdings plc (b)

    1,139,027        20,432,246   

St. James’s Place plc

    1,468,302        20,221,505   

Standard Chartered plc

    1,175,061        24,575,478   

Tullow Oil plc

    1,800,125        22,488,412   
   

 

 

 
      430,381,666   
   

 

 

 

United States—0.6%

  

Pricesmart, Inc. (a)

    120,985      12,211,016   
   

 

 

 

Total Common Stocks
(Cost $1,731,337,007)

      2,118,815,333   
   

 

 

 
Short-Term Investments—11.0%   

Mutual Fund—10.5%

  

State Street Navigator Securities Lending MET Portfolio (c)

    225,467,147        225,467,147   
   

 

 

 

Repurchase Agreement—0.5%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $10,457,000 on 04/01/14, collateralized by $9,520,000 Federal Farm Credit Bank at 4.875% due 01/17/17 with a value of $10,667,550.

    10,457,000        10,457,000   
   

 

 

 

Total Short-Term Investments
(Cost $235,924,147)

      235,924,147   
   

 

 

 

Total Investments—110.0%
(Cost $1,967,261,154) (d)

      2,354,739,480   

Other assets and liabilities (net)—(10.0)%

      (213,819,350
   

 

 

 
Net Assets—100.0%     $ 2,140,920,130   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $216,596,596 and the collateral received consisted of cash in the amount of $225,467,147 and non-cash collateral with a value of $26,513. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $1,967,261,154. The aggregate unrealized appreciation and depreciation of investments were $451,363,154 and $(63,884,828), respectively, resulting in net unrealized appreciation of $387,478,326.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(GDR)— A Global Depositary Receipt is a negotiable certificate issued by one country’s bank against a certain number of shares of a company’s stock held in its custody but traded on the stock exchange of another country.

 

MSF-2


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

 

 

Ten Largest Industries as of
March 31, 2014

  

% of
Net Assets

 

Semiconductors & Semiconductor Equipment

     8.2   

Banks

     8.1   

Machinery

     7.5   

Insurance

     6.8   

Food Products

     5.0   

Diversified Financial Services

     4.5   

Food & Staples Retailing

     4.3   

Media

     4.0   

Metals & Mining

     3.8   

Construction Materials

     3.7   

 

MSF-3


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Argentina

   $ 22,953,657       $ —        $ —         $ 22,953,657   

Australia

     —           64,317,594        —           64,317,594   

Brazil

     32,243,366         —          —           32,243,366   

Canada

     54,098,463         —          —           54,098,463   

China

     26,117,932         26,127,058        —           52,244,990   

Denmark

     —           78,797,382        —           78,797,382   

Finland

     —           74,750,264        —           74,750,264   

France

     —           73,513,859        —           73,513,859   

Germany

     —           143,277,279        —           143,277,279   

Hong Kong

     —           59,982,208        —           59,982,208   

India

     —           11,801,600        —           11,801,600   

Ireland

     36,593,640         76,161,047        —           112,754,687   

Japan

     —           201,435,671        —           201,435,671   

Netherlands

     —           56,649,248        —           56,649,248   

Norway

     —           18,828,836        —           18,828,836   

Peru

     15,769,911         —          —           15,769,911   

Portugal

     —           8,091,645        —           8,091,645   

Russia

     —           39,412,374        —           39,412,374   

Singapore

     —           31,307,284        —           31,307,284   

South Africa

     —           71,646,292        —           71,646,292   

South Korea

     —           113,008,009        —           113,008,009   

Spain

     —           33,124,136        —           33,124,136   

Sweden

     —           116,879,312        —           116,879,312   

Switzerland

     —           89,213,666        —           89,213,666   

Taiwan

     —           72,952,911        —           72,952,911   

Turkey

     —           27,168,007        —           27,168,007   

United Kingdom

     —           430,381,666        —           430,381,666   

United States

     12,211,016         —          —           12,211,016   

Total Common Stocks

     199,987,985         1,918,827,348        —           2,118,815,333   
Short-Term Investments           

Mutual Fund

     225,467,147         —          —           225,467,147   

Repurchase Agreement

     —           10,457,000        —           10,457,000   

Total Short-Term Investments

     225,467,147         10,457,000        —           235,924,147   

Total Investments

   $ 425,455,132       $ 1,929,284,348      $ —         $ 2,354,739,480   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (225,467,147   $ —         $ (225,467,147

 

MSF-4


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—69.3% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—29.4%

  

Fannie Mae 15 Yr. Pool

   

2.500%, 12/01/27

    5,832,183      $ 5,833,292   

2.500%, 02/01/28

    4,356,126        4,357,131   

2.500%, 07/01/28

    7,547,344        7,548,780   

2.500%, 10/01/28

    4,856,077        4,857,001   

3.000%, 01/01/27

    2,532,762        2,603,879   

3.000%, 02/01/27

    4,182,345        4,299,812   

3.000%, 03/01/27

    2,103,630        2,162,713   

3.000%, 01/01/29

    3,373,047        3,468,010   

3.500%, 02/01/26

    4,059,123        4,258,172   

3.500%, 03/01/26

    1,620,039        1,699,481   

4.000%, 04/01/19

    188,299        199,163   

4.000%, 05/01/19

    411,489        435,230   

4.000%, 01/01/20

    454,135        480,466   

4.000%, 06/01/24

    910,798        965,597   

4.000%, 11/01/24

    4,549,890        4,823,640   

4.500%, 07/01/18

    624,336        662,000   

4.500%, 05/01/19

    229,640        243,534   

4.500%, 08/01/24

    1,034,924        1,105,810   

4.500%, 06/01/25

    1,931,070        2,063,469   

5.000%, 06/01/18

    164,220        175,272   

5.000%, 01/01/19

    425,808        454,630   

5.000%, 02/01/20

    400,783        429,917   

5.000%, 01/01/22

    443,771        477,167   

5.000%, 02/01/24

    1,395,305        1,500,312   

5.500%, 11/01/17

    87,129        93,968   

5.500%, 02/01/18

    59,612        64,829   

5.500%, 04/01/18

    481,068        523,164   

6.000%, 06/01/14

    123        123   

6.000%, 07/01/14

    547        547   

6.000%, 09/01/17

    170,008        181,226   

6.500%, 06/01/14

    53        53   

6.500%, 04/01/17

    476,839        500,534   

7.500%, 08/01/15

    1,242        1,267   

Fannie Mae 20 Yr. Pool

   

3.000%, 02/01/33

    2,669,371        2,664,877   

3.500%, 04/01/32

    2,840,124        2,936,339   

4.000%, 02/01/31

    1,510,412        1,595,826   

4.500%, 08/01/30

    1,021,546        1,098,226   

5.000%, 02/01/24

    335,004        365,111   

5.000%, 09/01/25

    326,319        355,649   

5.500%, 07/01/23

    236,960        261,496   

5.500%, 01/01/24

    156,660        172,882   

5.500%, 07/01/24

    431,280        476,020   

7.000%, 10/01/21

    21,137        23,279   

Fannie Mae 30 Yr. Pool

   

3.000%, 08/01/42

    1,923,805        1,858,715   

3.000%, 09/01/42

    2,984,065        2,883,102   

3.000%, 11/01/42

    3,570,179        3,449,386   

3.000%, 12/01/42

    6,393,028        6,176,726   

3.000%, 01/01/43

    1,705,308        1,647,611   

3.000%, 02/01/43

    5,534,417        5,348,683   

3.000%, 03/01/43

    7,324,555        7,076,586   

3.000%, 07/01/43

    7,958,303        7,688,879   

3.000%, 09/01/43

    4,105,022        3,966,048   

3.500%, 12/01/40

    3,040,593        3,061,039   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

3.500%, 03/01/42

    1,885,709      1,898,406   

3.500%, 04/01/42

    4,158,843        4,186,978   

3.500%, 05/01/42

    5,078,031        5,112,221   

3.500%, 06/01/42

    3,751,889        3,777,151   

3.500%, 08/01/42

    2,566,784        2,584,066   

3.500%, 09/01/42

    6,362,402        6,405,240   

3.500%, 10/01/42

    3,385,788        3,408,584   

3.500%, 01/01/43

    2,975,215        2,995,247   

3.500%, 02/01/43

    4,766,679        4,798,774   

3.500%, 04/01/43

    4,914,524        4,947,660   

3.500%, 06/01/43

    2,818,224        2,837,226   

4.000%, 08/01/39

    2,283,541        2,374,836   

4.000%, 09/01/39

    1,758,619        1,828,927   

4.000%, 12/01/39

    2,260,949        2,351,341   

4.000%, 06/01/40

    2,084,138        2,167,573   

4.000%, 09/01/40

    1,459,463        1,517,890   

4.000%, 12/01/40

    9,034,318        9,395,990   

4.000%, 01/01/41

    5,648,668        5,874,834   

4.000%, 02/01/41

    5,724,937        5,961,265   

4.000%, 12/01/41

    2,485,344        2,584,868   

4.000%, 02/01/42

    2,557,875        2,678,982   

4.000%, 09/01/43

    3,723,876        3,873,402   

4.000%, 02/01/44

    4,773,665        4,965,422   

4.500%, 08/01/33

    447,164        479,343   

4.500%, 10/01/33

    490,661        525,970   

4.500%, 04/01/34

    252,953        270,858   

4.500%, 01/01/39

    375,943        401,063   

4.500%, 07/01/39

    2,861,686        3,053,942   

4.500%, 09/01/39

    4,853,380        5,179,442   

4.500%, 10/01/39

    1,971,766        2,104,234   

4.500%, 05/01/40

    2,417,887        2,582,107   

4.500%, 11/01/40

    2,409,199        2,572,829   

4.500%, 12/01/40

    3,358,997        3,587,135   

4.500%, 04/01/41

    9,048,712        9,669,294   

4.500%, 05/01/41

    2,181,352        2,330,955   

5.000%, 07/01/33

    349,379        382,165   

5.000%, 08/01/33

    851,569        931,481   

5.000%, 09/01/33

    445,309        487,098   

5.000%, 10/01/33

    3,508,366        3,837,596   

5.000%, 03/01/34

    502,349        549,491   

5.000%, 04/01/34

    1,204,947        1,318,370   

5.000%, 05/01/34

    186,710        204,327   

5.000%, 09/01/34

    450,005        492,466   

5.000%, 02/01/35

    461,191        504,708   

5.000%, 04/01/35

    313,636        342,803   

5.000%, 05/01/35

    96,388        105,352   

5.000%, 11/01/35

    393,489        430,083   

5.000%, 03/01/36

    1,290,593        1,410,615   

5.000%, 07/01/37

    1,173,797        1,279,038   

5.000%, 01/01/39

    1,105,187        1,204,318   

5.000%, 04/01/40

    3,215,542        3,513,637   

5.000%, 07/01/41

    2,471,547        2,706,275   

5.500%, 07/01/25

    360,240        397,500   

5.500%, 10/01/32

    61,937        68,964   

5.500%, 02/01/33

    271,517        302,338   

 

MSF-5


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

5.500%, 03/01/33

    703,866      $ 783,766   

5.500%, 05/01/33

    2,180,000        2,427,464   

5.500%, 08/01/33

    1,194,382        1,329,963   

5.500%, 10/01/33

    168,148        187,235   

5.500%, 12/01/33

    1,456,822        1,622,194   

5.500%, 02/01/34

    543,326        604,903   

5.500%, 03/01/34

    265,066        295,106   

5.500%, 04/01/34

    121,593        135,374   

5.500%, 06/01/34

    439,833        489,681   

5.500%, 09/01/34

    430,693        479,505   

5.500%, 12/01/34

    1,079,999        1,202,397   

5.500%, 01/01/35

    364,303        405,590   

5.500%, 02/01/35

    791,130        880,791   

5.500%, 04/01/35

    449,995        498,700   

5.500%, 06/01/35

    1,707,101        1,891,871   

5.500%, 01/01/37

    645,278        711,518   

5.500%, 05/01/37

    257,759        284,219   

5.500%, 05/01/38

    354,569        390,996   

5.500%, 06/01/38

    363,958        401,349   

5.500%, 07/01/38

    329,267        363,094   

6.000%, 08/01/28

    3,698        4,165   

6.000%, 11/01/28

    1,209        1,362   

6.000%, 12/01/28

    1,672        1,883   

6.000%, 06/01/31

    76,159        85,894   

6.000%, 09/01/32

    186,676        210,488   

6.000%, 01/01/33

    47,256        53,284   

6.000%, 02/01/33

    111,052        125,213   

6.000%, 03/01/33

    191,864        216,330   

6.000%, 04/01/33

    448,131        505,276   

6.000%, 05/01/33

    346,842        391,071   

6.000%, 05/01/34

    551,566        621,488   

6.000%, 09/01/34

    469,608        529,141   

6.000%, 11/01/34

    683,320        769,944   

6.000%, 01/01/35

    269,751        300,864   

6.000%, 07/01/36

    139,007        154,707   

6.000%, 09/01/36

    365,299        406,557   

6.000%, 07/01/37

    312,321        347,540   

6.000%, 08/01/37

    540,902        601,896   

6.000%, 09/01/37

    1,345,979        1,497,759   

6.000%, 10/01/37

    509,555        567,015   

6.000%, 05/01/38

    1,618,676        1,801,207   

6.000%, 12/01/38

    428,897        477,333   

6.500%, 05/01/28

    86,809        99,237   

6.500%, 12/01/28

    230,641        263,660   

6.500%, 03/01/29

    6,597        7,542   

6.500%, 04/01/29

    42,664        48,777   

6.500%, 05/01/29

    9,562        10,932   

6.500%, 08/01/29

    1,444        1,651   

6.500%, 05/01/30

    33,847        38,696   

6.500%, 09/01/31

    6,641        7,565   

6.500%, 02/01/32

    8,014        8,348   

6.500%, 06/01/32

    53,333        60,760   

6.500%, 09/01/33

    22,739        25,907   

6.500%, 10/01/33

    137,586        156,754   

6.500%, 10/01/34

    477,520        544,047   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.500%, 10/01/37

    276,092      308,847   

7.000%, 06/01/26

    921        1,014   

7.000%, 06/01/28

    30,805        35,464   

7.000%, 10/01/29

    17,487        20,145   

7.000%, 12/01/29

    4,031        4,644   

7.000%, 04/01/32

    17,872        20,534   

7.000%, 06/01/32

    77,988        89,605   

7.000%, 10/01/37

    316,937        357,348   

7.500%, 09/01/25

    7,136        8,178   

7.500%, 06/01/26

    8,304        9,495   

7.500%, 07/01/29

    18,802        21,950   

7.500%, 10/01/29

    8,776        9,743   

8.000%, 10/01/26

    468        498   

8.000%, 11/01/29

    308        375   

8.000%, 05/01/30

    18,727        19,748   

8.000%, 11/01/30

    4,891        5,668   

8.000%, 01/01/31

    7,337        8,415   

8.000%, 02/01/31

    10,084        11,683   

Fannie Mae ARM Pool

   

2.750%, 11/01/43 (a)

    2,774,060        2,868,183   

2.780%, 02/01/42 (a)

    3,300,660        3,408,364   

3.114%, 10/01/41 (a)

    1,194,259        1,256,165   

3.503%, 05/01/41 (a)

    2,247,191        2,377,577   

Freddie Mac 15 Yr. Gold Pool

   

2.500%, 12/01/27

    2,605,807        2,606,304   

2.500%, 02/01/28

    4,321,157        4,325,335   

2.500%, 04/01/28

    3,443,733        3,444,390   

3.000%, 03/01/27

    2,413,974        2,479,091   

3.000%, 05/01/27

    3,028,055        3,109,774   

3.000%, 11/01/28

    3,752,646        3,854,223   

3.500%, 12/01/25

    2,937,756        3,074,850   

3.500%, 05/01/26

    1,164,668        1,219,021   

4.000%, 06/01/19

    360,878        380,807   

4.000%, 05/01/25

    1,809,041        1,919,126   

4.000%, 08/01/25

    1,003,120        1,064,162   

4.000%, 10/01/25

    833,521        884,243   

4.500%, 09/01/18

    360,526        381,752   

4.500%, 10/01/18

    770,809        816,190   

4.500%, 04/01/19

    550,150        582,649   

4.500%, 06/01/19

    318,387        337,195   

4.500%, 08/01/19

    121,651        128,837   

5.000%, 05/01/18

    882,912        941,237   

5.000%, 12/01/18

    156,932        167,299   

5.000%, 06/01/19

    450,343        481,342   

5.500%, 11/01/17

    74,061        80,056   

5.500%, 01/01/24

    890,918        978,021   

6.000%, 04/01/16

    4,419        4,707   

6.000%, 05/01/17

    88,039        93,832   

7.000%, 12/01/15

    1,257        1,261   

7.500%, 03/01/16

    6,521        6,769   

Freddie Mac 20 Yr. Gold Pool

   

3.000%, 04/01/33

    4,088,417        4,099,304   

3.500%, 04/01/32

    4,064,877        4,189,948   

4.000%, 01/01/31

    1,581,123        1,673,500   

4.000%, 08/01/31

    1,656,832        1,753,633   

 

MSF-6


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 20 Yr. Gold Pool

   

4.500%, 05/01/29

    519,961      $ 557,952   

5.000%, 03/01/27

    215,135        234,770   

Freddie Mac 30 Yr. Gold Pool

   

2.500%, 07/01/43

    3,340,409        3,085,349   

3.000%, 10/01/42

    3,510,272        3,385,486   

3.000%, 01/01/43

    3,203,007        3,089,144   

3.000%, 03/01/43

    7,285,644        7,029,321   

3.000%, 04/01/43

    6,003,620        5,790,138   

3.000%, 06/01/43

    2,069,564        1,995,973   

3.500%, 01/01/42

    2,203,712        2,216,456   

3.500%, 03/01/42

    1,934,259        1,945,444   

3.500%, 08/01/42

    6,527,666        6,564,529   

3.500%, 02/01/43

    2,653,791        2,669,138   

3.500%, 05/01/43

    4,781,836        4,808,869   

3.500%, 06/01/43

    2,799,850        2,815,679   

4.000%, 06/01/39

    1,954,303        2,029,110   

4.000%, 12/01/39

    2,331,227        2,420,462   

4.000%, 11/01/40

    2,260,320        2,346,981   

4.000%, 04/01/41

    2,103,434        2,184,079   

4.000%, 09/01/41

    2,307,959        2,396,446   

4.000%, 10/01/41

    4,744,129        4,926,018   

4.000%, 11/01/41

    2,340,758        2,430,502   

4.000%, 10/01/43

    4,766,072        4,950,753   

4.500%, 10/01/35

    990,445        1,055,925   

4.500%, 06/01/38

    1,485,243        1,583,434   

4.500%, 02/01/39

    937,487        999,768   

4.500%, 03/01/39

    1,119,667        1,194,050   

4.500%, 04/01/39

    1,209,685        1,290,048   

4.500%, 09/01/39

    1,354,489        1,444,472   

4.500%, 11/01/39

    1,378,061        1,469,610   

4.500%, 01/01/40

    926,988        989,242   

4.500%, 05/01/40

    1,609,159        1,717,226   

4.500%, 11/01/40

    1,791,802        1,912,134   

4.500%, 02/01/41

    1,267,127        1,353,055   

4.500%, 05/01/41

    1,341,189        1,432,139   

4.500%, 06/01/41

    1,028,342        1,098,078   

4.500%, 12/01/43

    2,745,539        2,928,975   

5.000%, 10/01/33

    910,943        993,069   

5.000%, 03/01/34

    235,943        257,331   

5.000%, 08/01/35

    1,222,622        1,331,806   

5.000%, 09/01/35

    548,082        597,028   

5.000%, 10/01/35

    476,099        518,617   

5.000%, 01/01/36

    1,058,582        1,153,117   

5.000%, 04/01/38

    669,612        727,246   

5.000%, 11/01/39

    2,763,386        3,003,038   

5.000%, 05/01/40

    3,594,842        3,914,761   

5.500%, 06/01/34

    969,023        1,074,330   

5.500%, 10/01/35

    499,205        550,800   

5.500%, 12/01/35

    1,233,464        1,360,946   

5.500%, 01/01/36

    951,742        1,050,108   

5.500%, 12/01/37

    839,440        921,538   

5.500%, 04/01/38

    4,165,359        4,573,736   

5.500%, 07/01/38

    532,843        585,084   

5.500%, 08/01/38

    990,552        1,087,668   

6.000%, 11/01/28

    16,985        19,203   

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

6.000%, 12/01/28

    11,947      13,506   

6.000%, 02/01/29

    25,703        29,043   

6.000%, 04/01/29

    8,793        9,936   

6.000%, 05/01/29

    2,159        2,440   

6.000%, 06/01/31

    3,566        4,015   

6.000%, 07/01/31

    1,394        1,570   

6.000%, 09/01/31

    71,639        80,672   

6.000%, 04/01/32

    222,194        250,181   

6.000%, 11/01/32

    49,153        55,344   

6.000%, 06/01/34

    302,169        340,041   

6.000%, 11/01/35

    144,061        162,070   

6.000%, 02/01/36

    291,105        323,024   

6.000%, 08/01/36

    269,067        298,571   

6.000%, 10/01/36

    400,975        444,942   

6.000%, 11/01/36

    228,797        253,885   

6.000%, 01/01/37

    300,557        333,512   

6.000%, 02/01/38

    390,937        433,805   

6.000%, 11/01/39

    3,509,667        3,894,690   

6.000%, 04/01/40

    890,791        988,471   

6.500%, 02/01/30

    5,949        6,801   

6.500%, 08/01/31

    16,161        18,391   

6.500%, 10/01/31

    7,826        8,783   

6.500%, 11/01/31

    34,850        39,658   

6.500%, 03/01/32

    519,874        591,580   

6.500%, 04/01/32

    502,849        572,207   

6.500%, 09/01/36

    835,838        938,222   

6.500%, 11/01/37

    549,498        616,850   

7.000%, 12/01/27

    2,237        2,573   

7.000%, 11/01/28

    6,100        6,916   

7.000%, 04/01/29

    6,473        7,323   

7.000%, 05/01/29

    1,597        1,807   

7.000%, 06/01/29

    6,543        7,402   

7.000%, 07/01/29

    2,833        3,205   

7.000%, 01/01/31

    109,836        124,233   

7.500%, 08/01/24

    25,066        26,091   

7.500%, 10/01/27

    14,645        16,625   

7.500%, 10/01/29

    23,279        27,576   

7.500%, 05/01/30

    14,994        17,016   

8.000%, 02/01/27

    5,317        6,142   

8.000%, 10/01/28

    10,209        12,068   

Ginnie Mae I 15 Yr. Pool

   

3.000%, 08/15/28

    4,586,254        4,747,252   

5.000%, 10/15/20

    493,107        528,351   

5.000%, 01/15/21

    265,956        284,371   

Ginnie Mae I 30 Yr. Pool

   

3.000%, 11/15/42

    4,335,797        4,277,599   

3.000%, 12/15/42

    3,088,802        3,047,342   

3.000%, 02/15/43

    2,674,129        2,634,515   

3.000%, 03/15/43

    3,622,411        3,571,468   

3.000%, 05/15/43

    4,659,296        4,593,771   

3.000%, 07/15/43

    3,004,378        2,962,126   

3.500%, 01/15/42

    4,469,313        4,568,229   

3.500%, 02/15/42

    2,204,485        2,253,305   

3.500%, 03/15/42

    3,265,049        3,336,827   

3.500%, 05/15/42

    2,822,029        2,884,525   

 

MSF-7


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

3.500%, 09/15/42

    2,603,918      $ 2,661,584   

3.500%, 05/15/43

    2,889,472        2,953,696   

4.000%, 07/15/39

    3,885,305        4,092,014   

4.000%, 07/15/40

    2,553,865        2,688,782   

4.000%, 03/15/41

    2,042,204        2,149,036   

4.000%, 10/15/41

    3,942,777        4,149,032   

4.500%, 01/15/39

    707,978        764,608   

4.500%, 04/15/39

    1,709,360        1,846,089   

4.500%, 05/15/39

    4,201,837        4,537,934   

4.500%, 08/15/39

    1,800,076        1,944,061   

4.500%, 01/15/40

    2,025,284        2,189,519   

4.500%, 04/15/40

    2,249,835        2,432,279   

4.500%, 02/15/41

    1,162,023        1,254,032   

4.500%, 04/15/41

    1,438,244        1,552,124   

5.000%, 12/15/35

    633,204        698,675   

5.000%, 12/15/36

    564,627        620,887   

5.000%, 01/15/39

    2,240,428        2,457,774   

5.000%, 02/15/39

    524,682        577,147   

5.000%, 08/15/39

    3,491,308        3,840,418   

5.000%, 09/15/39

    759,767        835,739   

5.000%, 12/15/39

    1,331,267        1,464,386   

5.000%, 05/15/40

    2,560,138        2,827,372   

5.500%, 03/15/36

    761,839        845,283   

5.500%, 01/15/37

    1,224,555        1,358,746   

5.500%, 11/15/37

    782,031        867,729   

5.500%, 09/15/38

    601,730        667,080   

5.500%, 08/15/39

    2,256,688        2,509,925   

6.000%, 01/15/29

    8,448        9,692   

6.000%, 01/15/33

    340,576        390,157   

6.000%, 03/15/35

    398,194        450,418   

6.000%, 12/15/35

    241,613        273,302   

6.000%, 06/15/36

    364,762        411,598   

6.000%, 09/15/36

    487,626        550,238   

6.000%, 07/15/38

    1,822,920        2,058,870   

6.500%, 05/15/23

    3,251        3,788   

6.500%, 02/15/27

    46,531        53,471   

6.500%, 07/15/28

    14,932        17,285   

6.500%, 08/15/28

    19,248        22,280   

6.500%, 11/15/28

    12,048        13,946   

6.500%, 12/15/28

    11,651        13,487   

6.500%, 07/15/29

    2,285        2,643   

6.500%, 05/15/36

    314,114        357,689   

7.000%, 01/15/28

    2,699        3,145   

7.000%, 04/15/28

    3,424        3,989   

7.000%, 05/15/28

    18,977        22,107   

7.000%, 06/15/28

    11,468        13,360   

7.000%, 10/15/28

    10,379        12,091   

7.000%, 06/15/29

    2,191        2,553   

7.000%, 09/15/29

    21,727        25,307   

7.000%, 01/15/31

    1,433        1,667   

7.000%, 03/15/31

    29,593        34,417   

7.000%, 07/15/31

    639,887        744,176   

7.000%, 08/15/31

    91,881        106,856   

7.000%, 02/15/32

    15,312        17,663   

7.000%, 07/15/32

    42,461        48,980   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

7.500%, 08/15/29

    436      438   

7.500%, 04/15/30

    8,910        9,152   

8.000%, 08/15/26

    4,033        4,609   

8.000%, 09/15/26

    5,034        5,725   

8.000%, 05/15/27

    1,508        1,552   

8.000%, 06/15/29

    24,438        26,535   

9.000%, 11/15/24

    14,350        16,803   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 12/20/42

    3,982,583        3,929,131   

3.000%, 03/20/43

    4,909,652        4,839,124   

3.500%, 12/20/41

    2,861,724        2,925,039   

3.500%, 03/20/42

    4,810,050        4,917,766   

3.500%, 08/20/42

    2,709,203        2,769,873   

3.500%, 01/20/43

    7,903,086        8,078,650   

3.500%, 04/20/43

    2,791,766        2,854,009   

4.000%, 11/20/40

    3,017,925        3,181,414   

4.000%, 12/20/40

    2,746,598        2,895,389   

4.000%, 05/20/43

    3,230,696        3,401,096   

4.000%, 11/20/43

    2,812,263        2,959,816   

4.000%, 02/20/44

    4,691,439        4,948,821   

4.500%, 08/20/40

    2,959,250        3,202,160   

4.500%, 12/20/40

    1,665,166        1,801,852   

4.500%, 04/20/41

    1,666,541        1,801,626   

4.500%, 03/20/42

    1,216,895        1,315,533   

4.500%, 10/20/43

    2,695,025        2,911,130   

5.000%, 08/20/40

    1,304,846        1,442,125   

5.000%, 10/20/40

    1,236,565        1,366,660   

6.500%, 06/20/31

    39,090        45,194   

6.500%, 11/20/38

    1,100,911        1,252,329   

7.500%, 02/20/28

    4,597        5,390   
   

 

 

 
      621,662,975   
   

 

 

 

Federal Agencies—4.6%

   

Federal Farm Credit Bank

   

4.875%, 12/16/15

    4,500,000        4,847,297   

Federal Home Loan Banks

   

0.375%, 06/24/16 (b)

    10,040,000        10,002,213   

4.875%, 05/17/17 (b)

    4,420,000        4,944,192   

5.375%, 05/18/16 (b)

    2,900,000        3,199,552   

Federal Home Loan Mortgage Corp.

   

0.875%, 03/07/18 (b)

    17,000,000        16,639,527   

1.250%, 10/02/19 (b)

    3,000,000        2,877,952   

4.750%, 01/19/16 (b)

    2,850,000        3,074,232   

5.125%, 11/17/17 (b)

    3,530,000        4,012,783   

5.625%, 11/23/35

    1,040,000        1,103,648   

Federal National Mortgage Association

   

0.500%, 03/30/16 (b)

    9,450,000        9,457,292   

0.875%, 05/21/18 (b)

    10,160,000        9,900,115   

4.875%, 12/15/16 (b)

    4,430,000        4,912,725   

5.375%, 07/15/16 (b)

    5,870,000        6,511,362   

5.375%, 06/12/17

    8,300,000        9,422,483   

6.625%, 11/15/30 (b)

    2,450,000        3,357,009   

Tennessee Valley Authority

   

5.250%, 09/15/39

    3,350,000        3,781,637   
   

 

 

 
      98,044,019   
   

 

 

 

 

MSF-8


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—35.3%

   

U.S. Treasury Bonds

   

2.750%, 08/15/42

    2,020,000      $ 1,724,717   

2.875%, 05/15/43

    4,760,000        4,154,195   

3.125%, 02/15/42 (b)

    1,800,000        1,665,990   

3.125%, 02/15/43

    3,270,000        3,009,414   

3.500%, 02/15/39 (b)

    2,080,000        2,086,781   

3.625%, 02/15/44 (b)

    5,445,000        5,507,508   

3.750%, 08/15/41

    1,830,000        1,906,640   

3.875%, 08/15/40 (b)

    10,380,000        11,063,107   

4.250%, 11/15/40 (b)

    7,280,000        8,246,275   

4.375%, 11/15/39 (b)

    3,900,000        4,501,497   

4.375%, 05/15/40 (b)

    5,220,000        6,028,474   

4.375%, 05/15/41 (b)

    5,850,000        6,762,425   

4.500%, 02/15/36 (b)

    5,675,000        6,660,577   

4.500%, 05/15/38 (b)

    4,950,000        5,812,241   

5.000%, 05/15/37 (b)

    2,760,000        3,466,339   

5.250%, 02/15/29

    750,000        938,377   

5.375%, 02/15/31 (b)

    3,075,000        3,934,309   

6.125%, 11/15/27 (b)

    5,750,000        7,744,445   

6.250%, 08/15/23 (b)

    7,700,000        10,048,500   

6.375%, 08/15/27 (b)

    2,800,000        3,843,084   

6.500%, 11/15/26

    1,000,000        1,377,610   

7.125%, 02/15/23 (b)

    11,125,000        15,189,742   

7.250%, 08/15/22 (b)

    6,120,000        8,348,843   

7.875%, 02/15/21 (b)

    4,450,000        6,065,216   

8.000%, 11/15/21

    2,920,000        4,072,028   

8.125%, 08/15/19

    2,645,000        3,504,228   

8.125%, 08/15/21 (b)

    1,250,000        1,745,163   

8.500%, 02/15/20 (b)

    6,700,000        9,146,103   

8.750%, 08/15/20

    1,000,000        1,399,270   

8.875%, 02/15/19 (b)

    10,215,000        13,690,041   

9.125%, 05/15/18

    1,600,000        2,098,704   

9.250%, 02/15/16

    1,375,000        1,602,714   

U.S. Treasury Notes

   

0.625%, 10/15/16

    9,970,000        9,953,251   

0.625%, 05/31/17

    5,000,000        4,942,200   

0.625%, 08/31/17

    21,700,000        21,333,486   

0.625%, 04/30/18 (b)

    5,000,000        4,843,300   

0.875%, 11/30/16

    23,800,000        23,882,110   

1.000%, 08/31/16

    11,820,000        11,925,199   

1.000%, 09/30/16

    35,670,000        35,965,705   

1.000%, 10/31/16 (b)

    7,010,000        7,062,435   

1.000%, 03/31/17

    7,850,000        7,870,253   

1.250%, 08/31/15 (b)

    5,850,000        5,937,165   

1.250%, 09/30/15

    7,750,000        7,867,955   

1.250%, 10/31/19 (b)

    5,130,000        4,947,321   

1.375%, 11/30/15 (b)

    19,400,000        19,746,291   

1.375%, 09/30/18

    12,890,000        12,775,021   

1.500%, 03/31/19 (b)

    31,870,000        31,504,450   

1.625%, 11/15/22

    5,000,000        4,626,800   

1.750%, 07/31/15 (b)

    6,700,000        6,839,494   

1.750%, 05/15/22 (b)

    4,900,000        4,623,542   

1.750%, 05/15/23

    6,420,000        5,946,589   

1.875%, 06/30/15

    6,700,000        6,841,839   

1.875%, 09/30/17 (b)

    15,900,000        16,288,597   

2.000%, 11/15/21 (b)

    10,950,000        10,623,690   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes

   

2.000%, 02/15/22 (b)

    3,800,000      3,673,346   

2.000%, 02/15/23 (b)

    6,900,000        6,561,003   

2.125%, 05/31/15 (b)

    12,000,000        12,273,241   

2.125%, 02/29/16 (b)

    4,790,000        4,948,453   

2.125%, 08/15/21 (b)

    8,710,000        8,557,749   

2.375%, 03/31/16

    20,560,000        21,358,960   

2.375%, 05/31/18 (b)

    31,000,000        32,191,950   

2.500%, 04/30/15

    5,980,000        6,130,696   

2.500%, 08/15/23 (b)

    14,400,000        14,190,768   

2.625%, 02/29/16 (b)

    2,510,000        2,617,001   

2.625%, 04/30/16 (b)

    17,800,000        18,596,193   

2.625%, 08/15/20 (b)

    6,000,000        6,170,640   

2.750%, 05/31/17 (b)

    9,840,000        10,379,724   

2.750%, 11/15/23 (b)

    5,085,000        5,107,272   

3.000%, 08/31/16

    8,350,000        8,826,451   

3.000%, 09/30/16 (b)

    18,100,000        19,154,142   

3.000%, 02/28/17

    14,980,000        15,900,522   

3.125%, 05/15/19 (b)

    3,000,000        3,200,490   

3.250%, 05/31/16 (b)

    8,230,000        8,721,579   

3.375%, 11/15/19

    4,350,000        4,692,040   

3.500%, 02/15/18 (b)

    4,000,000        4,330,160   

3.500%, 05/15/20 (b)

    7,790,000        8,439,920   

3.625%, 02/15/20 (b)

    17,190,000        18,760,477   

3.750%, 11/15/18 (b)

    4,550,000        4,989,030   

3.875%, 05/15/18 (b)

    4,700,000        5,168,637   

4.000%, 08/15/18 (b)

    9,620,000        10,648,283   

4.250%, 08/15/15

    2,300,000        2,427,489   

4.250%, 11/15/17 (b)

    4,700,000        5,208,117   

4.500%, 11/15/15 (b)

    8,950,000        9,559,764   

4.500%, 02/15/16

    4,520,000        4,869,215   

4.625%, 02/15/17 (b)

    8,475,000        9,385,384   

4.875%, 08/15/16 (b)

    8,330,000        9,169,081   

5.125%, 05/15/16

    4,830,000        5,302,761   
   

 

 

 
      745,201,788   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $1,428,352,077)

      1,464,908,782   
   

 

 

 
Corporate Bonds & Notes—24.7%   

Aerospace/Defense—0.4%

  

Boeing Co. (The)

   

7.250%, 06/15/25

    460,000        595,102   

Lockheed Martin Corp.

   

6.150%, 09/01/36

    1,700,000        2,067,233   

Northrop Grumman Systems Corp.

   

7.750%, 02/15/31

    515,000        688,878   

Raytheon Co.

   

3.125%, 10/15/20

    1,000,000        1,011,341   

United Technologies Corp.

   

4.500%, 06/01/42

    2,645,000        2,689,159   

4.875%, 05/01/15

    900,000        942,666   

7.500%, 09/15/29

    200,000        275,164   
   

 

 

 
      8,269,543   
   

 

 

 

 

MSF-9


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agriculture—0.2%

  

Altria Group, Inc.

   

9.700%, 11/10/18

    750,000      $ 986,212   

Archer-Daniels-Midland Co.

   

4.479%, 03/01/21

    2,000,000        2,167,191   

Philip Morris International, Inc.

   

4.500%, 03/26/20 (b)

    925,000        1,014,691   
   

 

 

 
      4,168,094   
   

 

 

 

Auto Manufacturers—0.4%

  

Daimler Finance North America LLC

   

8.500%, 01/18/31

    1,050,000        1,564,469   

Ford Motor Co.

   

7.450%, 07/16/31

    2,200,000        2,841,151   

Toyota Motor Credit Corp.

   

0.875%, 07/17/15

    3,950,000        3,967,455   
   

 

 

 
      8,373,075   
   

 

 

 

Banks—5.4%

  

American Express Centurion Bank

   

0.875%, 11/13/15

    3,000,000        3,008,919   

Bank of America Corp.

   

4.100%, 07/24/23 (b)

    2,905,000        2,941,876   

5.750%, 08/15/16

    2,850,000        3,125,448   

5.875%, 02/07/42

    3,000,000        3,458,926   

6.500%, 08/01/16

    1,750,000        1,957,066   

6.500%, 07/15/18

    200,000        231,162   

Bank of New York Mellon Corp. (The)

   

5.450%, 05/15/19 (b)

    2,000,000        2,274,424   

Bank of Nova Scotia

   

2.050%, 10/30/18 (b)

    3,480,000        3,461,408   

Barclays Bank plc

   

5.000%, 09/22/16

    1,750,000        1,918,905   

BB&T Corp.

   

3.200%, 03/15/16

    1,865,000        1,944,512   

BNP Paribas S.A.

   

5.000%, 01/15/21 (b)

    3,225,000        3,560,965   

Capital One Financial Corp.

   

6.750%, 09/15/17 (b)

    1,200,000        1,396,803   

Citigroup, Inc.

   

5.375%, 08/09/20

    2,200,000        2,471,397   

5.850%, 08/02/16 (b)

    500,000        552,269   

6.125%, 11/21/17 (b)

    1,700,000        1,944,223   

6.125%, 05/15/18

    1,900,000        2,185,576   

Credit Suisse

   

4.375%, 08/05/20 (b)

    2,611,000        2,814,884   

Deutsche Bank AG

   

6.000%, 09/01/17

    1,500,000        1,706,214   

Fifth Third Bancorp

   

8.250%, 03/01/38

    1,175,000        1,650,757   

Goldman Sachs Group, Inc. (The)

   

3.625%, 02/07/16

    2,825,000        2,955,145   

6.000%, 06/15/20

    2,000,000        2,296,676   

6.125%, 02/15/33

    2,075,000        2,406,365   

6.250%, 09/01/17 (b)

    760,000        866,678   

6.450%, 05/01/36

    2,000,000        2,212,243   

Banks—(Continued)

  

HSBC Holdings plc

   

5.100%, 04/05/21 (b)

    2,556,000      $ 2,837,599   

6.500%, 09/15/37

    905,000        1,062,569   

JPMorgan Chase & Co.

   

3.250%, 09/23/22

    2,850,000        2,797,020   

4.950%, 03/25/20

    2,650,000        2,947,506   

6.300%, 04/23/19

    1,900,000        2,233,990   

JPMorgan Chase Bank N.A.

   

6.000%, 10/01/17

    2,700,000        3,074,096   

KFW

   

1.000%, 06/11/18 (b)

    3,536,000        3,461,987   

1.250%, 02/15/17

    3,000,000        3,026,446   

2.375%, 08/25/21 (b)

    1,945,000        1,914,230   

2.625%, 02/16/16

    2,791,000        2,902,644   

2.750%, 09/08/20 (b)

    2,300,000        2,350,931   

4.875%, 01/17/17

    2,900,000        3,217,381   

Lloyds TSB Bank plc

   

6.375%, 01/21/21

    1,500,000        1,797,689   

Morgan Stanley

   

5.625%, 09/23/19

    1,900,000        2,159,138   

7.250%, 04/01/32

    1,850,000        2,403,910   

7.300%, 05/13/19

    2,460,000        2,978,577   

PNC Bank N.A.

   

4.875%, 09/21/17

    1,000,000        1,101,974   

5.250%, 01/15/17 (b)

    1,600,000        1,762,771   

Rabobank Nederland

   

5.250%, 05/24/41

    3,640,000        3,912,460   

State Street Bank and Trust Co.

   

5.300%, 01/15/16

    300,000        321,467   

SunTrust Banks, Inc.

   

3.600%, 04/15/16

    1,450,000        1,519,028   

Wachovia Corp.

   

5.750%, 06/15/17

    700,000        794,395   

Wells Fargo & Co.

   

3.676%, 06/15/16

    2,775,000        2,942,755   

5.000%, 11/15/14 (b)

    2,000,000        2,052,612   

Wells Fargo Bank N.A.

   

5.950%, 08/26/36

    1,900,000        2,299,669   

Westpac Banking Corp.

   

3.000%, 12/09/15

    2,000,000        2,080,882   
   

 

 

 
      113,296,567   
   

 

 

 

Beverages—0.6%

  

Anheuser-Busch Cos. LLC

   

5.000%, 01/15/15 (b)

    1,950,000        2,017,560   

6.450%, 09/01/37

    880,000        1,127,427   

Coca-Cola Co. (The)

   

3.150%, 11/15/20 (b)

    280,000        284,810   

3.200%, 11/01/23

    3,000,000        2,957,193   

Diageo Finance B.V.

   

5.300%, 10/28/15 (b)

    870,000        932,117   

Pepsi Bottling Group, Inc. (The)

   

7.000%, 03/01/29

    300,000        393,370   

PepsiCo, Inc.

   

3.600%, 03/01/24 (b)

    3,975,000        3,983,048   

5.000%, 06/01/18 (b)

    1,000,000        1,123,896   
   

 

 

 
      12,819,421   
   

 

 

 

 

MSF-10


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Biotechnology—0.1%

  

Amgen, Inc.

   

5.700%, 02/01/19

    850,000      $ 985,126   

6.150%, 06/01/18

    1,650,000        1,914,284   
   

 

 

 
      2,899,410   
   

 

 

 

Building Materials—0.0%

  

CRH America, Inc.

   

6.000%, 09/30/16

    900,000        1,001,676   
   

 

 

 

Chemicals—0.3%

  

Dow Chemical Co. (The)

   

4.250%, 11/15/20

    2,750,000        2,913,156   

9.400%, 05/15/39

    650,000        1,028,344   

E. I. du Pont de Nemours & Co.

   

5.600%, 12/15/36

    1,000,000        1,145,175   

6.000%, 07/15/18

    1,000,000        1,163,004   

Potash Corp. of Saskatchewan, Inc.

   

4.875%, 03/30/20 (b)

    970,000        1,071,221   
   

 

 

 
      7,320,900   
   

 

 

 

Computers—0.4%

  

Apple, Inc.

   

2.400%, 05/03/23 (b)

    2,072,000        1,930,399   

Hewlett-Packard Co.

   

5.500%, 03/01/18 (b)

    1,950,000        2,184,496   

International Business Machines Corp.

   

4.000%, 06/20/42

    3,200,000        3,006,053   

8.375%, 11/01/19

    425,000        555,047   
   

 

 

 
      7,675,995   
   

 

 

 

Cosmetics/Personal Care—0.2%

  

Procter & Gamble Co. (The)

   

2.300%, 02/06/22 (b)

    3,600,000        3,430,914   

6.450%, 01/15/26

    200,000        252,034   
   

 

 

 
      3,682,948   
   

 

 

 

Diversified Financial Services—0.8%

  

Associates Corp. of North America

   

6.950%, 11/01/18

    1,700,000        2,012,443   

Bear Stearns Cos. LLC (The)

   

5.700%, 11/15/14

    900,000        928,877   

BlackRock, Inc.

   

3.500%, 12/10/14

    1,500,000        1,532,277   

General Electric Capital Corp.

   

5.300%, 02/11/21 (b)

    1,915,000        2,151,450   

5.400%, 02/15/17

    2,000,000        2,229,797   

5.875%, 01/14/38

    2,050,000        2,407,042   

6.750%, 03/15/32

    1,250,000        1,598,236   

7.500%, 08/21/35

    100,000        131,721   

HSBC Finance Corp.

   

5.000%, 06/30/15 (b)

    1,800,000        1,888,258   

5.500%, 01/19/16

    900,000        967,188   

Nomura Holdings, Inc.

   

6.700%, 03/04/20 (b)

    1,325,000        1,560,693   
   

 

 

 
      17,407,982   
   

 

 

 

Electric—1.8%

  

Consolidated Edison Co. of New York, Inc.

   

3.950%, 03/01/43

    3,070,000      2,804,912   

5.850%, 04/01/18 (b)

    855,000        976,231   

Dominion Resources, Inc.

   

5.150%, 07/15/15

    1,600,000        1,688,370   

Duke Energy Carolinas LLC

   

5.300%, 02/15/40

    2,000,000        2,274,378   

Exelon Corp.

   

4.900%, 06/15/15

    1,060,000        1,108,328   

5.625%, 06/15/35

    1,500,000        1,610,182   

Florida Power & Light Co.

   

5.950%, 02/01/38

    1,700,000        2,090,609   

Georgia Power Co.

   

5.700%, 06/01/17 (b)

    1,400,000        1,586,258   

Hydro-Quebec

   

7.500%, 04/01/16

    1,350,000        1,522,986   

8.400%, 01/15/22

    1,000,000        1,319,003   

Northern States Power Co.

   

6.250%, 06/01/36 (b)

    2,200,000        2,766,633   

Ohio Power Co.

   

5.375%, 10/01/21 (b)

    1,640,000        1,884,982   

Oncor Electric Delivery Co. LLC

   

7.000%, 05/01/32

    950,000        1,220,181   

Pacific Gas & Electric Co.

   

5.400%, 01/15/40

    3,320,000        3,646,153   

PacifiCorp

   

2.950%, 02/01/22

    2,800,000        2,760,310   

PPL Energy Supply LLC

   

4.600%, 12/15/21 (b)

    3,019,000        3,033,349   

Progress Energy, Inc.

   

5.625%, 01/15/16

    1,900,000        2,049,741   

PSEG Power LLC

   

8.625%, 04/15/31

    1,000,000        1,400,130   

Southern California Edison Co.

   

5.000%, 01/15/16

    1,500,000        1,606,102   
   

 

 

 
      37,348,838   
   

 

 

 

Electronics—0.3%

   

Honeywell International, Inc.

   

5.000%, 02/15/19 (b)

    2,000,000        2,258,031   

Koninklijke Philips NV

   

5.750%, 03/11/18

    900,000        1,026,908   

Thermo Fisher Scientific, Inc.

   

4.150%, 02/01/24

    3,445,000        3,539,339   
   

 

 

 
      6,824,278   
   

 

 

 

Environmental Control—0.1%

   

Waste Management, Inc.

   

7.000%, 07/15/28

    1,265,000        1,599,362   
   

 

 

 

Food—0.6%

   

ConAgra Foods, Inc.

   

5.819%, 06/15/17

    1,000,000        1,123,603   

General Mills, Inc.

   

5.650%, 02/15/19

    1,700,000        1,953,158   

 

MSF-11


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Food—(Continued)

   

Mondelez International, Inc.

   

4.125%, 02/09/16

    2,200,000      $ 2,330,680   

5.375%, 02/10/20

    1,800,000        2,034,953   

Safeway, Inc.

   

7.250%, 02/01/31 (b)

    813,000        784,545   

Sysco Corp.

   

2.600%, 06/12/22 (b)

    2,400,000        2,270,968   

Unilever Capital Corp.

   

5.900%, 11/15/32

    1,500,000        1,909,313   
   

 

 

 
      12,407,220   
   

 

 

 

Forest Products & Paper—0.2%

  

Georgia-Pacific LLC

   

8.000%, 01/15/24

    1,800,000        2,367,108   

International Paper Co.

   

7.950%, 06/15/18

    820,000        1,000,497   
   

 

 

 
      3,367,605   
   

 

 

 

Gas—0.1%

   

Sempra Energy

   

6.150%, 06/15/18

    900,000        1,039,159   
   

 

 

 

Healthcare-Products—0.2%

   

Baxter International, Inc.

   

5.375%, 06/01/18 (b)

    1,400,000        1,572,263   

Medtronic, Inc.

   

3.000%, 03/15/15

    2,300,000        2,357,378   
   

 

 

 
      3,929,641   
   

 

 

 

Healthcare-Services—0.4%

   

Aetna, Inc.

   

2.750%, 11/15/22 (b)

    3,000,000        2,828,295   

Laboratory Corp. of America Holdings

   

4.625%, 11/15/20 (b)

    1,900,000        2,023,068   

UnitedHealth Group, Inc.

   

5.375%, 03/15/16

    1,700,000        1,841,258   

WellPoint, Inc.

   

5.850%, 01/15/36

    1,800,000        2,044,091   
   

 

 

 
      8,736,712   
   

 

 

 

Household Products/Wares—0.0%

  

Kimberly-Clark Corp.

   

6.125%, 08/01/17

    500,000        575,956   
   

 

 

 

Insurance—0.8%

   

Aflac, Inc.

   

3.625%, 06/15/23 (b)

    2,975,000        2,986,399   

Allstate Corp. (The)

   

6.900%, 05/15/38

    150,000        197,143   

7.450%, 05/16/19

    1,700,000        2,115,048   

American International Group, Inc.

   

5.450%, 05/18/17

    1,900,000        2,117,502   

5.850%, 01/16/18

    1,800,000        2,054,392   

Insurance—(Continued)

   

AXA S.A.

   

8.600%, 12/15/30

    1,165,000      1,491,200   

Berkshire Hathaway, Inc.

   

1.900%, 01/31/17

    2,900,000        2,964,446   

Chubb Corp. (The)

   

6.000%, 05/11/37

    865,000        1,053,627   

Hartford Financial Services Group, Inc.

   

6.100%, 10/01/41 (b)

    780,000        933,156   

Prudential Financial, Inc.

   

5.700%, 12/14/36

    1,525,000        1,716,650   
   

 

 

 
      17,629,563   
   

 

 

 

Iron/Steel—0.1%

  

Vale Overseas, Ltd.

   

6.875%, 11/21/36

    1,100,000        1,181,774   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

Caterpillar, Inc.

   

7.900%, 12/15/18

    1,757,000        2,190,412   
   

 

 

 

Machinery-Diversified —0.1%

  

Deere & Co.

   

2.600%, 06/08/22

    1,950,000        1,869,643   

6.950%, 04/25/14

    850,000        853,368   
   

 

 

 
      2,723,011   
   

 

 

 

Media—1.3%

  

21st Century Fox America, Inc.

   

6.550%, 03/15/33

    1,950,000        2,342,714   

CBS Corp.

   

8.875%, 05/15/19

    750,000        963,366   

Comcast Corp.

   

4.650%, 07/15/42

    3,670,000        3,666,468   

5.650%, 06/15/35

    1,500,000        1,688,619   

DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.

   

5.000%, 03/01/21

    2,600,000        2,775,854   

Discovery Communications LLC

   

6.350%, 06/01/40

    1,800,000        2,083,838   

Thomson Reuters Corp.

   

6.500%, 07/15/18

    800,000        932,423   

Time Warner Cable, Inc.

   

5.000%, 02/01/20 (b)

    1,900,000        2,095,156   

5.850%, 05/01/17

    1,800,000        2,027,475   

6.550%, 05/01/37

    100,000        116,444   

Time Warner Entertainment Co. L.P.

   

8.375%, 03/15/23

    380,000        497,216   

Time Warner, Inc.

   

6.100%, 07/15/40 (b)

    925,000        1,064,554   

7.700%, 05/01/32

    685,000        914,697   

Viacom, Inc.

   

4.375%, 03/15/43

    3,500,000        3,129,915   

6.250%, 04/30/16

    770,000        855,398   

Walt Disney Co. (The)

   

2.750%, 08/16/21

    1,930,000        1,907,668   
   

 

 

 
      27,061,805   
   

 

 

 

 

MSF-12


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Mining—0.6%

  

Alcoa, Inc.

   

5.720%, 02/23/19 (b)

    523,000      $ 569,566   

5.870%, 02/23/22

    101,000        106,835   

Barrick North America Finance LLC

   

4.400%, 05/30/21

    3,125,000        3,144,835   

Freeport-McMoRan Copper & Gold, Inc.

   

3.550%, 03/01/22 (b)

    3,700,000        3,538,072   

Newmont Mining Corp.

   

6.250%, 10/01/39

    1,800,000        1,732,258   

Rio Tinto Alcan, Inc.

   

5.000%, 06/01/15

    1,050,000        1,100,066   

6.125%, 12/15/33

    1,751,000        2,038,058   
   

 

 

 
      12,229,690   
   

 

 

 

Miscellaneous Manufacturing—0.3%

  

General Electric Co.

   

5.250%, 12/06/17

    1,800,000        2,038,694   

Tyco Electronics Group S.A.

   

6.550%, 10/01/17

    1,600,000        1,837,290   

Tyco International Finance S.A/Tyco International, Ltd.

   

6.875%, 01/15/21 (b)

    1,275,000        1,501,289   
   

 

 

 
      5,377,273   
   

 

 

 

Multi-National—1.4%

  

Asian Development Bank

   

5.500%, 06/27/16

    3,850,000        4,267,565   

European Bank for Reconstruction & Development

   

1.000%, 06/15/18 (b)

    3,564,000        3,493,495   

European Investment Bank

   

1.125%, 04/15/15

    1,900,000        1,917,330   

1.625%, 06/15/17 (b)

    1,975,000        2,007,034   

4.000%, 02/16/21 (b)

    1,700,000        1,857,589   

4.875%, 02/15/36

    3,700,000        4,250,329   

5.125%, 05/30/17

    1,750,000        1,968,756   

Inter-American Development Bank

   

2.375%, 08/15/17

    2,000,000        2,079,823   

6.800%, 10/15/25

    500,000        649,663   

7.000%, 06/15/25

    200,000        262,548   

International Bank for Reconstruction & Development

   

2.375%, 05/26/15

    1,420,000        1,454,705   

7.625%, 01/19/23

    2,970,000        4,095,872   

8.875%, 03/01/26

    535,000        802,198   
   

 

 

 
      29,106,907   
   

 

 

 

Office/Business Equipment—0.1%

  

Xerox Corp.

   

6.350%, 05/15/18 (b)

    2,550,000        2,948,105   
   

 

 

 

Oil & Gas—1.5%

  

Anadarko Petroleum Corp.

   

6.375%, 09/15/17

    2,445,000        2,797,744   

Oil & Gas—(Continued)

  

Apache Finance Canada Corp.

   

7.750%, 12/15/29

    300,000      416,250   

Canadian Natural Resources, Ltd.

   

6.250%, 03/15/38 (b)

    1,800,000        2,144,424   

Chevron Corp.

   

3.191%, 06/24/23

    3,025,000        2,999,970   

ConocoPhillips Canada Funding Co. I

   

5.950%, 10/15/36

    1,550,000        1,889,807   

ConocoPhillips Holding Co.

   

6.950%, 04/15/29

    700,000        931,165   

Devon Energy Corp.

   

6.300%, 01/15/19

    850,000        986,017   

Marathon Oil Corp.

   

6.600%, 10/01/37

    2,000,000        2,502,100   

Petrobras International Finance Co.

   

2.875%, 02/06/15 (b)

    2,900,000        2,937,700   

6.125%, 10/06/16

    600,000        646,859   

Petroleos Mexicanos

   

4.875%, 03/15/15

    2,700,000        2,808,000   

Shell International Finance B.V.

   

4.300%, 09/22/19

    1,000,000        1,102,708   

Statoil ASA

   

6.700%, 01/15/18

    300,000        350,438   

Suncor Energy, Inc.

   

6.100%, 06/01/18

    2,500,000        2,887,904   

Total Capital International S.A.

   

2.700%, 01/25/23 (b)

    3,000,000        2,839,937   

Transocean, Inc.

   

6.375%, 12/15/21 (b)

    2,035,000        2,287,272   

XTO Energy, Inc.

   

6.500%, 12/15/18

    1,600,000        1,924,704   
   

 

 

 
      32,452,999   
   

 

 

 

Oil & Gas Services—0.2%

  

Weatherford International, Ltd.

   

4.500%, 04/15/22 (b)

    2,300,000        2,397,438   

9.625%, 03/01/19

    1,500,000        1,935,716   
   

 

 

 
      4,333,154   
   

 

 

 

Pharmaceuticals—1.0%

  

Abbott Laboratories

   

5.125%, 04/01/19

    1,073,000        1,214,696   

AbbVie, Inc.

   

4.400%, 11/06/42 (b)

    3,200,000        3,120,651   

AstraZeneca plc

   

5.400%, 06/01/14

    639,000        644,116   

Bristol-Myers Squibb Co.

   

5.875%, 11/15/36

    2,000,000        2,401,850   

Express Scripts Holding Co.

   

6.125%, 11/15/41

    1,520,000        1,798,627   

GlaxoSmithKline Capital, Inc.

   

6.375%, 05/15/38

    2,100,000        2,673,678   

Johnson & Johnson

   

5.950%, 08/15/37

    910,000        1,132,159   

6.950%, 09/01/29 (b)

    250,000        336,483   

 

MSF-13


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

Merck & Co., Inc.

   

6.550%, 09/15/37

    1,000,000      $ 1,302,798   

Merck Sharp & Dohme Corp.

   

5.950%, 12/01/28

    300,000        361,615   

Novartis Capital Corp.

   

4.400%, 04/24/20

    900,000        981,724   

Sanofi

   

4.000%, 03/29/21 (b)

    2,775,000        2,962,405   

Wyeth LLC

   

5.500%, 02/15/16

    1,700,000        1,843,189   
   

 

 

 
      20,773,991   
   

 

 

 

Pipelines—0.8%

  

El Paso Natural Gas Co. LLC

   

8.375%, 06/15/32

    220,000        294,122   

Energy Transfer Partners L.P.

   

4.650%, 06/01/21

    1,950,000        2,055,400   

Enterprise Products Operating LLC

   

6.300%, 09/15/17

    1,900,000        2,185,169   

Kinder Morgan Energy Partners L.P.

   

6.500%, 02/01/37

    2,000,000        2,270,618   

Plains All American Pipeline L.P./PAA Finance Corp.

   

6.500%, 05/01/18 (b)

    2,485,000        2,909,288   

Tennessee Gas Pipeline Co. LLC

   

7.000%, 10/15/28

    1,050,000        1,265,697   

7.625%, 04/01/37

    640,000        832,799   

TransCanada PipeLines, Ltd.

   

6.200%, 10/15/37

    1,800,000        2,189,049   

Williams Partners L.P.

   

5.250%, 03/15/20

    3,575,000        3,938,314   
   

 

 

 
      17,940,456   
   

 

 

 

Real Estate—0.0%

  

Regency Centers L.P.

   

5.250%, 08/01/15

    850,000        895,014   
   

 

 

 

Real Estate Investment Trusts—0.5%

  

AvalonBay Communities, Inc.

   

6.100%, 03/15/20

    860,000        998,647   

Boston Properties L.P.

   

3.850%, 02/01/23

    2,950,000        2,937,792   

ERP Operating L.P.

   

5.750%, 06/15/17 (b)

    900,000        1,014,130   

HCP, Inc.

   

5.375%, 02/01/21

    2,591,000        2,887,979   

Kimco Realty Corp.

   

6.875%, 10/01/19

    550,000        649,890   

Simon Property Group L.P.

   

5.250%, 12/01/16

    2,000,000        2,205,823   
   

 

 

 
      10,694,261   
   

 

 

 

Retail—0.9%

  

Costco Wholesale Corp.

   

5.500%, 03/15/17

    465,000        517,997   

Retail—(Continued)

  

CVS Caremark Corp.

   

2.250%, 12/05/18 (b)

    3,930,000      3,936,373   

Home Depot, Inc. (The)

   

4.400%, 04/01/21 (b)

    1,450,000        1,593,215   

5.400%, 03/01/16

    900,000        982,023   

Lowe’s Cos., Inc.

   

6.875%, 02/15/28

    1,000,000        1,242,409   

McDonald’s Corp.

   

5.350%, 03/01/18

    885,000        1,006,415   

Target Corp.

   

6.350%, 11/01/32 (b)

    1,000,000        1,223,277   

Wal-Mart Stores, Inc.

   

2.550%, 04/11/23 (b)

    4,000,000        3,750,877   

5.250%, 09/01/35

    935,000        1,046,455   

5.625%, 04/15/41

    1,900,000        2,253,814   

Walgreen Co.

   

5.250%, 01/15/19 (b)

    900,000        1,011,320   
   

 

 

 
      18,564,175   
   

 

 

 

Semiconductors—0.1%

  

Intel Corp.

   

2.700%, 12/15/22 (b)

    2,000,000        1,910,477   
   

 

 

 

Software—0.5%

  

Adobe Systems, Inc.

   

4.750%, 02/01/20

    2,200,000        2,422,730   

Microsoft Corp.

   

4.200%, 06/01/19 (b)

    2,700,000        2,977,156   

Oracle Corp.

   

2.375%, 01/15/19

    3,885,000        3,934,617   

5.250%, 01/15/16

    2,000,000        2,165,597   
   

 

 

 
      11,500,100   
   

 

 

 

Telecommunications—1.6%

   

America Movil S.A.B. de C.V.

   

2.375%, 09/08/16

    2,875,000        2,956,422   

AT&T Mobility LLC

   

7.125%, 12/15/31

    100,000        127,433   

AT&T, Inc.

   

5.800%, 02/15/19

    1,700,000        1,962,280   

6.300%, 01/15/38

    1,300,000        1,484,911   

British Telecommunications plc

   

9.625%, 12/15/30

    1,000,000        1,549,068   

Cellco Partnership/Verizon Wireless Capital LLC

   

8.500%, 11/15/18

    333,000        422,308   

Cisco Systems, Inc.

   

5.500%, 01/15/40

    2,000,000        2,284,655   

Deutsche Telekom International Finance B.V.

   

5.750%, 03/23/16

    460,000        502,570   

8.750%, 06/15/30

    1,000,000        1,443,313   

Orange S.A.

   

2.750%, 09/14/16 (b)

    2,857,000        2,961,465   

Rogers Communications, Inc.

   

6.800%, 08/15/18

    800,000        948,426   

 

MSF-14


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Telecommunications—(Continued)

  

Telefonica Emisiones S.A.U.

   

6.221%, 07/03/17

    1,400,000      $ 1,583,873   

Verizon Communications, Inc.

   

4.600%, 04/01/21 (b)

    2,400,000        2,586,549   

5.150%, 09/15/23

    3,510,000        3,843,869   

6.100%, 04/15/18

    1,600,000        1,859,854   

6.550%, 09/15/43

    3,304,000        4,009,430   

Verizon New York, Inc.

   

7.375%, 04/01/32

    500,000        593,143   

Vodafone Group plc

   

6.150%, 02/27/37 (b)

    2,170,000        2,457,943   
   

 

 

 
      33,577,512   
   

 

 

 

Transportation—0.3%

   

CSX Corp.

   

6.150%, 05/01/37

    1,600,000        1,905,449   

7.900%, 05/01/17

    500,000        585,637   

Norfolk Southern Corp.

   

3.000%, 04/01/22

    1,911,000        1,867,649   

5.590%, 05/17/25

    28,000        31,629   

Union Pacific Corp.

   

6.625%, 02/01/29

    1,200,000        1,484,770   

United Parcel Service, Inc.

   

5.125%, 04/01/19

    760,000        865,368   
   

 

 

 
      6,740,502   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $504,399,183)

      522,575,563   
   

 

 

 
Foreign Government—1.9%   

Provincial—0.5%

  

Province of British Columbia

   

2.000%, 10/23/22 (b)

    1,970,000        1,831,023   

Province of Nova Scotia

   

5.125%, 01/26/17 (b)

    900,000        1,000,806   

9.250%, 03/01/20

    250,000        331,321   

Province of Ontario

   

2.450%, 06/29/22 (b)

    4,000,000        3,802,120   

4.400%, 04/14/20 (b)

    2,100,000        2,328,024   

Province of Quebec

   

7.500%, 07/15/23

    350,000        457,734   
   

 

 

 
      9,751,028   
   

 

 

 

Sovereign—1.4%

   

Brazilian Government International Bonds

   

6.000%, 01/17/17

    3,755,000        4,173,683   

7.125%, 01/20/37

    1,650,000        1,988,250   

Colombia Government International Bond

   

8.125%, 05/21/24

    1,500,000        1,950,000   

Italy Government International Bond

   

4.500%, 01/21/15

    1,475,000        1,519,409   

Mexico Government International Bonds

   

5.750%, 10/12/10

    4,100,000        4,038,500   

6.750%, 09/27/34

    1,050,000        1,286,250   

8.000%, 09/24/22

    2,200,000        2,882,000   

Sovereign—(Continued)

  

Panama Government International Bond

   

5.200%, 01/30/20 (b)

    1,370,000      1,516,590   

Peruvian Government International Bond

   

8.750%, 11/21/33

    1,450,000        2,131,500   

Philippine Government International Bond

   

5.000%, 01/13/37

    1,740,000        1,898,775   

Republic of Korea

   

7.125%, 04/16/19

    1,600,000        1,965,253   

Turkey Government International Bonds

   

3.250%, 03/23/23

    2,350,000        2,056,250   

6.250%, 09/26/22

    1,607,000        1,731,543   

7.375%, 02/05/25

    1,473,000        1,694,539   
   

 

 

 
      30,832,542   
   

 

 

 

Total Foreign Government
(Cost $40,434,584)

      40,583,570   
   

 

 

 
Mortgage-Backed Securities—1.5%   

Commercial Mortgage-Backed Securities—1.5%

  

Bear Stearns Commercial Mortgage
Securities Trust

   

5.540%, 09/11/41

    1,000,000        1,085,976   

5.694%, 06/11/50 (a)

    1,500,000        1,680,156   

Citigroup / Deutsche Bank Commercial Mortgage Trust

   

5.216%, 07/15/44 (a)

    1,994,760        2,095,329   

Citigroup Commercial Mortgage Trust

   

4.733%, 10/15/41

    939,784        949,702   

5.406%, 04/15/40 (a)

    51,656        51,626   

5.431%, 10/15/49

    1,500,000        1,637,011   

5.783%, 03/15/49 (a)

    1,746,638        1,888,455   

Commercial Mortgage Trust

   

5.799%, 12/10/49 (a)

    2,400,000        2,691,198   

Credit Suisse First Boston Mortgage
Securities Corp.

   

4.691%, 10/15/39

    128,854        129,566   

GMAC Commercial Mortgage Securities, Inc.

   

4.697%, 05/10/43

    1,500,000        1,537,500   

GS Mortgage Securities Corp. II

   

4.751%, 07/10/39

    1,907,217        1,960,826   

GS Mortgage Securities Trust

   

3.377%, 05/10/45

    2,750,000        2,768,299   

4.243%, 08/10/46

    966,000        1,015,351   

JPMorgan Chase Commercial Mortgage Securities Trust

   

5.420%, 01/15/49

    2,500,000        2,744,810   

5.440%, 06/12/47

    890,000        977,622   

LB-UBS Commercial Mortgage Trust

   

5.156%, 02/15/31

    2,500,000        2,652,058   

Merrill Lynch Mortgage Trust

   

4.855%, 10/12/41 (a)

    350,870        354,048   

Morgan Stanley Capital I Trust

   

4.989%, 08/13/42

    1,000,000        1,038,844   

5.648%, 06/11/42 (a)

    2,000,000        2,247,271   

5.908%, 06/11/49 (a)

    1,408,225        1,572,657   

 

MSF-15


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

WF-RBS Commercial Mortgage Trust

   

3.488%, 06/15/46

    1,054,000      $ 1,028,896   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $30,690,740)

      32,107,201   
   

 

 

 
Municipals—0.7%   

Los Angeles Community College District

   

6.750%, 08/01/49

    2,210,000        2,992,031   

Los Angeles, Unified School District, Build America Bonds

   

6.758%, 07/01/34

    2,160,000        2,794,046   

Municipal Electric Authority of Georgia

   

6.637%, 04/01/57

    2,000,000        2,265,100   

Oregon School Boards Association

   

5.680%, 06/30/28

    1,900,000        2,199,364   

State of California

   

7.300%, 10/01/39

    2,000,000        2,676,540   

State of Illinois

   

5.100%, 06/01/33

    1,230,000        1,213,924   
   

 

 

 

Total Municipals
(Cost $12,080,713)

      14,141,005   
   

 

 

 
Asset-Backed Securities—0.3%   

Asset-Backed - Automobile—0.2%

  

CarMax Auto Owner Trust

   

0.970%, 04/16/18

    3,145,000        3,157,064   

Honda Auto Receivables Owner Trust

   

0.770%, 05/15/17

    355,000        355,813   
   

 

 

 
      3,512,877   
   

 

 

 

Asset-Backed - Credit Card—0.1%

  

 

Citibank Credit Card Issuance Trust

   

4.850%, 03/10/17

    2,500,000        2,603,935   
   

 

 

 

Asset-Backed - Home Equity—0.0%

  

 

Centex Home Equity Loan Trust

   

4.250%, 12/25/31

    56,310        56,409   
   

 

 

 

Total Asset-Backed Securities
(Cost $6,411,637)

      6,173,221   
   

 

 

 
Short-Term Investments—21.8%           

Discount Note—0.2%

   

Federal Home Loan Bank

   

0.041%, 05/07/14 (c)

    3,100,000        3,099,876   
   

 

 

 

Mutual Fund—21.0%

   

State Street Navigator Securities Lending MET Portfolio (d)

    444,662,690      444,662,690   
   

 

 

 

U.S. Treasury—0.6%

   

U.S. Treasury Bills

   

0.013%, 04/24/14 (c)

    3,300,000        3,299,973   

0.016%, 05/15/14 (b) (c)

    100,000        99,998   

0.040%, 05/15/14 (b) (c)

    800,000        799,962   

0.041%, 04/24/14 (c)

    4,300,000        4,299,890   

0.041%, 05/15/14 (b) (c)

    1,900,000        1,899,907   

0.044%, 05/15/14 (b) (c)

    1,500,000        1,499,921   
   

 

 

 
      11,899,651   
   

 

 

 

Total Short-Term Investments
(Cost $459,662,217)

      459,662,217   
   

 

 

 

Total Investments—120.2%
(Cost $2,482,031,151) (e)

      2,540,151,559   

Other assets and liabilities (net)—(20.2)%

      (426,288,999
   

 

 

 
Net Assets—100.0%     $ 2,113,862,560   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $457,200,310 and the collateral received consisted of cash in the amount of $444,662,690 and non-cash collateral with a value of $34,004,219. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) The rate shown represents the discount rate at the time of purchase by the Portfolio.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of March 31, 2014, the aggregate cost of investments was $2,482,031,151. The aggregate unrealized appreciation and depreciation of investments were $88,773,615 and $(30,653,207), respectively, resulting in net unrealized appreciation of $58,120,408.
(ARM)— Adjustable-Rate Mortgage

 

MSF-16


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 1,464,908,782      $ —         $ 1,464,908,782   

Total Corporate Bonds & Notes*

     —           522,575,563        —           522,575,563   

Total Foreign Government*

     —           40,583,570        —           40,583,570   

Total Mortgage-Backed Securities*

     —           32,107,201        —           32,107,201   

Total Municipals

     —           14,141,005        —           14,141,005   

Total Asset-Backed Securities*

     —           6,173,221        —           6,173,221   
Short-Term Investments           

Discount Note

     —           3,099,876        —           3,099,876   

Mutual Fund

     444,662,690         —          —           444,662,690   

U.S. Treasury

     —           11,899,651        —           11,899,651   

Total Short-Term Investments

     444,662,690         14,999,527        —           459,662,217   

Total Investments

   $ 444,662,690       $ 2,095,488,869      $ —         $ 2,540,151,559   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (444,662,690   $ —         $ (444,662,690

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-17


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—54.8% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—37.4%

  

Fannie Mae 15 Yr. Pool

   

2.500%, 09/01/27

    53,422,289      $ 53,559,917   

3.000%, TBA (a)

    32,400,000        33,280,875   

3.500%, 07/01/28

    5,716,601        6,008,115   

3.500%, 08/01/28

    1,294,763        1,359,828   

3.500%, 09/01/28

    8,499,469        8,932,416   

3.500%, 10/01/28

    8,759,626        9,202,259   

3.500%, 11/01/28

    18,927,364        19,887,735   

3.500%, 02/01/29

    17,058,174        17,913,431   

4.000%, 01/01/25

    43,320        46,235   

4.000%, 02/01/25

    7,777,390        8,236,884   

4.000%, 09/01/25

    1,457,155        1,543,436   

4.000%, 10/01/25

    4,110,444        4,354,041   

4.000%, 01/01/26

    1,185,500        1,256,448   

4.000%, 04/01/26

    760,255        808,113   

4.000%, 07/01/26

    3,570,846        3,784,530   

4.000%, 08/01/26

    1,546,923        1,639,690   

4.500%, 12/01/20

    2,521,573        2,674,888   

4.500%, 02/01/25

    1,593,997        1,712,703   

4.500%, 04/01/25

    278,001        298,738   

4.500%, 07/01/25

    1,109,854        1,192,779   

4.500%, 06/01/26

    22,973,782        24,673,536   

4.500%, TBA (a)

    12,900,000        13,663,923   

5.000%, 09/01/35

    15,328        16,805   

5.500%, 11/01/32

    269,934        299,398   

Fannie Mae 20 Yr. Pool

   

5.000%, 05/01/23

    7,035        7,660   

Fannie Mae 30 Yr. Pool

   

3.000%, 01/01/43

    5,131,143        4,958,943   

3.000%, 02/01/43

    15,157,922        14,654,275   

3.000%, 03/01/43

    31,000,771        29,964,704   

3.000%, 04/01/43

    21,417,666        20,702,631   

3.000%, 05/01/43

    39,452,128        38,140,126   

3.000%, 06/01/43

    3,656,031        3,536,186   

3.500%, 06/01/42

    691,409        696,683   

3.500%, 07/01/42

    539,824        543,774   

3.500%, 01/01/43

    1,704,721        1,719,318   

3.500%, 02/01/43

    1,885,025        1,899,401   

3.500%, 03/01/43

    4,563,680        4,602,197   

3.500%, 06/01/43

    1,377,513        1,387,516   

3.500%, 07/01/43

    7,776,589        7,837,014   

3.500%, 08/01/43

    32,965,938        33,210,462   

3.500%, 11/01/43

    2,911,725        2,933,783   

3.500%, 12/01/43

    292,750        294,889   

3.500%, 01/01/44

    1,892,346        1,907,774   

3.500%, TBA (a)

    38,900,000        39,130,969   

4.000%, 05/01/42

    1,140,535        1,191,276   

4.000%, 02/01/43

    6,749,573        7,042,227   

4.000%, 03/01/43

    1,893,334        1,975,456   

4.000%, 08/01/43

    3,974,463        4,139,213   

4.000%, 09/01/43

    1,401,174        1,458,899   

4.000%, 10/01/43

    10,593,726        11,046,539   

4.000%, 11/01/43

    7,422,246        7,730,152   

4.000%, 12/01/43

    29,739,192        31,008,992   

4.000%, 01/01/44

    31,348,000        32,724,827   

4.000%, 02/01/44

    16,170,146        16,854,169   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

4.000%, TBA (a)

    53,380,000      55,420,743   

4.500%, 11/01/39

    655,917        701,367   

4.500%, 08/01/41

    288,037        307,548   

4.500%, 09/01/41

    1,697,808        1,811,716   

4.500%, 08/01/42

    2,397,545        2,559,980   

4.500%, 08/01/43

    500,415        533,956   

4.500%, 09/01/43

    46,574,190        49,714,311   

4.500%, 10/01/43

    4,999,692        5,334,886   

4.500%, 12/01/43

    4,665,049        4,981,609   

4.500%, 01/01/44

    11,036,189        11,836,252   

4.500%, 02/01/44

    1,498,450        1,600,532   

4.500%, 03/01/44

    8,079,709        8,628,474   

5.000%, 11/01/32

    24,088        26,422   

5.000%, 03/01/33

    18,726        20,401   

5.000%, 04/01/33

    139,204        152,689   

5.000%, 07/01/33

    222,258        243,763   

5.000%, 08/01/33

    29,371        32,114   

5.000%, 09/01/33

    3,839,632        4,209,235   

5.000%, 11/01/33

    921,932        1,010,633   

5.000%, 12/01/33

    377,084        413,478   

5.000%, 02/01/34

    147,860        162,448   

5.000%, 03/01/34

    113,275        123,994   

5.000%, 04/01/34

    40,648        44,481   

5.000%, 06/01/34

    65,845        71,960   

5.000%, 07/01/34

    1,216,342        1,328,250   

5.000%, 10/01/34

    3,095,317        3,399,662   

5.000%, 12/01/34

    105,663        115,494   

5.000%, 04/01/35

    12,422        13,583   

5.000%, 07/01/35

    5,576,310        6,104,254   

5.000%, 10/01/35

    5,697,529        6,243,874   

5.000%, 12/01/35

    1,738,292        1,898,398   

5.000%, 08/01/36

    1,682,620        1,837,234   

5.000%, 07/01/37

    838,897        919,930   

5.000%, 11/01/40

    9,749,979        10,657,719   

5.000%, 04/01/41

    128,469        140,588   

5.000%, 07/01/41

    934,231        1,023,053   

5.000%, 08/01/41

    1,185,393        1,296,916   

5.000%, 01/01/42

    320,703        349,346   

5.500%, 11/01/32

    3,409,963        3,794,467   

5.500%, 12/01/32

    548,448        610,114   

5.500%, 01/01/33

    2,327,894        2,566,066   

5.500%, 12/01/33

    685,711        762,710   

5.500%, 08/01/37

    5,751,204        6,390,620   

5.500%, 04/01/41

    1,042,932        1,158,373   

5.500%, TBA (a)

    5,000,000        5,514,258   

6.000%, 02/01/34

    581,902        654,294   

6.000%, 08/01/34

    450,304        506,321   

6.000%, 04/01/35

    6,845,832        7,696,344   

6.000%, 06/01/36

    1,221,291        1,369,866   

6.000%, 02/01/38

    1,674,574        1,869,614   

6.000%, 03/01/38

    642,001        717,485   

6.000%, 05/01/38

    1,892,644        2,114,619   

6.000%, 10/01/38

    2,438,132        2,716,326   

6.000%, 12/01/38

    718,957        802,904   

6.000%, 04/01/40

    7,666,443        8,528,446   

 

MSF-18


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 09/01/40

    776,604      $ 863,572   

6.000%, 06/01/41

    1,643,860        1,829,412   

6.000%, TBA (a)

    4,400,000        4,898,953   

6.500%, 05/01/40

    12,112,679        13,587,856   

Fannie Mae ARM Pool

   

3.001%, 03/01/41 (b)

    902,206        955,255   

3.144%, 03/01/41 (b)

    1,136,811        1,197,859   

3.212%, 12/01/40 (b)

    2,070,248        2,176,401   

3.349%, 06/01/41 (b)

    4,262,639        4,490,065   

3.492%, 09/01/41 (b)

    3,165,608        3,340,656   

4.979%, 08/01/38 (b)

    1,432,067        1,539,845   

Fannie Mae REMICS

   

5.000%, 04/25/35

    340,211        365,080   

Fannie Mae-ACES

   

3.329%, 10/25/23 (b)

    4,390,000        4,416,081   

Freddie Mac 15 Yr. Gold Pool

   

2.500%, TBA (a)

    19,100,000        19,091,046   

3.000%, TBA (a)

    11,100,000        11,391,375   

Freddie Mac 30 Yr. Gold Pool

   

3.000%, 01/01/43

    2,880,662        2,781,112   

3.000%, 03/01/43

    6,449,105        6,226,236   

3.000%, 04/01/43

    26,893,614        25,964,223   

3.000%, 07/01/43

    18,400,000        17,765,854   

3.000%, 08/01/43

    11,385,176        10,991,726   

3.000%, TBA (a)

    620,000        597,549   

3.500%, 04/01/42

    5,061,682        5,095,955   

3.500%, 08/01/42

    2,711,226        2,731,148   

3.500%, 09/01/42

    1,708,271        1,718,864   

3.500%, 11/01/42

    3,352,289        3,372,007   

3.500%, 04/01/43

    9,631,059        9,690,814   

3.500%, 07/01/43

    9,400,000        9,464,902   

3.500%, 12/01/43

    11,800,868        11,878,194   

3.500%, 01/01/44

    583,747        588,290   

3.500%, 02/01/44

    3,812,957        3,836,693   

3.500%, TBA (a)

    19,500,000        19,594,454   

4.000%, TBA (a)

    46,900,000        48,564,128   

4.500%, 09/01/43

    3,288,653        3,515,096   

4.500%, 11/01/43

    7,006,665        7,479,166   

4.500%, TBA (a)

    26,400,000        28,092,594   

5.000%, TBA (a)

    29,100,000        31,539,399   

5.500%, 06/01/41

    8,859,616        9,725,333   

5.500%, TBA (a)

    2,300,000        2,529,281   

Freddie Mac ARM Non-Gold Pool

   

3.032%, 02/01/41 (b)

    1,773,581        1,879,581   

Freddie Mac Multifamily Structured Pass-Through Certificates

   

0.624%, 10/25/20 (b) (c)

    19,971,176        799,706   

0.902%, 09/25/22 (b) (c)

    41,704,679        2,445,062   

0.902%, 10/25/22 (b) (c)

    52,593,863        3,153,581   

1.511%, 06/25/22 (b) (c)

    16,668,037        1,600,632   

1.555%, 12/25/18 (b) (c)

    24,773,431        1,556,787   

1.741%, 03/25/22 (b) (c)

    12,116,503        1,289,038   

1.741%, 08/25/16 (b) (c)

    11,967,480        326,569   

1.782%, 05/25/19 (b) (c)

    20,427,336        1,573,844   

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae (CMO)

   

1.016%, 02/16/53 (b) (c)

    27,826,925      2,005,097   

Ginnie Mae I 15 Yr. Pool

   

7.500%, 12/15/14

    5,079        5,123   

Ginnie Mae I 30 Yr. Pool

   

3.500%, 02/15/42

    493,318        504,549   

3.500%, 04/15/42

    670,884        686,163   

3.500%, 05/15/42

    576,469        589,602   

3.500%, 08/15/42

    892,685        912,590   

3.500%, 11/15/42

    690,746        706,172   

3.500%, 12/15/42

    1,913,470        1,956,139   

3.500%, 01/15/43

    788,784        806,402   

3.500%, 02/15/43

    1,269,971        1,298,376   

3.500%, 03/15/43

    649,995        664,563   

3.500%, 04/15/43

    2,449,153        2,504,020   

3.500%, 05/15/43

    4,550,161        4,651,854   

3.500%, 06/15/43

    1,167,735        1,193,970   

3.500%, 07/15/43

    3,932,403        4,020,785   

4.000%, 12/15/41

    182,789        192,251   

4.000%, 05/15/42

    155,490        163,523   

4.000%, TBA (a)

    14,905,000        15,654,908   

4.500%, 02/15/42

    33,631,725        36,344,460   

4.500%, TBA (a)

    17,300,000        18,646,156   

5.000%, 12/15/38

    934,441        1,023,555   

5.000%, 07/15/39

    2,467,501        2,697,425   

5.000%, 12/15/40

    3,248,013        3,564,362   

5.000%, TBA (a)

    26,700,000        29,128,031   

5.500%, 04/15/33

    68,997        76,954   

5.500%, TBA (a)

    12,500,000        13,830,078   

6.500%, 04/15/33

    55,419        62,509   

8.000%, 11/15/29

    6,360        6,493   

8.500%, 01/15/17

    4,056        4,132   

8.500%, 03/15/17

    1,066        1,070   

8.500%, 05/15/17

    550        552   

8.500%, 11/15/21

    2,968        2,981   

8.500%, 05/15/22

    1,343        1,428   

9.000%, 10/15/16

    1,554        1,562   

Ginnie Mae II 30 Yr. Pool

   

3.000%, TBA (a)

    57,705,000        56,740,242   

3.500%, TBA (a)

    58,500,000        59,697,419   

4.000%, 02/20/44

    38,533,638        40,563,644   

4.500%, 05/20/41

    33,317,979        36,011,706   

4.500%, 06/20/41

    3,252,805        3,515,799   

4.500%, 07/20/41

    1,997,914        2,159,449   

5.000%, 10/20/33

    2,243,510        2,477,907   

5.000%, 10/20/39

    1,005,320        1,097,469   
   

 

 

 
      1,467,373,642   
   

 

 

 

U.S. Treasury—17.4%

  

U.S. Treasury Bonds

   

2.750%, 08/15/42

    11,015,000        9,404,056   

2.750%, 11/15/42

    465,000        396,194   

3.625%, 02/15/44

    31,685,900        32,052,252   

U.S. Treasury Inflation Indexed Bonds

   

0.750%, 02/15/42

    14,372,086        12,523,922   

 

MSF-19


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—(Continued)

  

U.S. Treasury Inflation Indexed Notes

   

0.125%, 01/15/23

    7,422,276      $ 7,181,631   

0.625%, 01/15/24

    78,978,308        79,249,836   

U.S. Treasury Notes

   

0.250%, 05/31/15

    29,515,000        29,546,138   

0.375%, 03/31/16 (d)

    14,180,000        14,164,487   

0.750%, 03/15/17 (d)

    109,540,000        109,129,225   

1.000%, 11/30/19 (e)

    91,390,000        86,613,410   

1.250%, 11/30/18

    5,817,800        5,715,989   

1.625%, 03/31/19 (d)

    200,300,000        199,282,877   

1.625%, 11/15/22

    6,432,200        5,952,300   

2.000%, 02/28/21

    20,140,000        19,757,662   

2.250%, 03/31/21

    51,480,000        51,286,950   

2.750%, 02/15/24

    22,324,400        22,373,246   
   

 

 

 
      684,630,175   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,170,032,656)

      2,152,003,817   
   

 

 

 
Corporate Bonds & Notes—27.0%   

Advertising—0.0%

  

Interpublic Group of Cos., Inc. (The)

   

4.200%, 04/15/24

    430,000        429,192   
   

 

 

 

Agriculture—0.3%

  

Altria Group, Inc.

   

4.000%, 01/31/24

    2,617,000        2,621,959   

Philip Morris International, Inc.

   

1.875%, 01/15/19 (f)

    5,706,000        5,631,902   

4.875%, 11/15/43

    1,871,000        1,930,256   
   

 

 

 
      10,184,117   
   

 

 

 

Airlines—0.0%

  

United Continental Holdings, Inc.

   

6.000%, 07/15/28

    2,120,000        1,945,100   
   

 

 

 

Auto Manufacturers—0.1%

  

General Motors Co.

   

4.875%, 10/02/23 (144A) (f)

    2,350,000        2,408,750   

6.250%, 10/02/43 (144A)

    1,410,000        1,526,325   

Jaguar Land Rover Automotive plc

   

5.000%, 02/15/22 (GBP)

    100,000        169,417   

8.250%, 03/15/20 (GBP)

    220,000        416,287   
   

 

 

 
      4,520,779   
   

 

 

 

Auto Parts & Equipment—0.0%

  

Servus Luxembourg Holding SCA

   

7.750%, 06/15/18 (EUR)

    115,000        169,140   
   

 

 

 

Banks—7.7%

  

ABN Amro Bank NV

   

6.375%, 04/27/21 (EUR)

    880,000        1,441,821   

Bank of America Corp.

   

2.600%, 01/15/19

    4,726,000        4,744,644   

Banks—(Continued)

  

Bank of America Corp.

   

2.650%, 04/01/19

    18,925,000      18,985,352   

3.300%, 01/11/23 (f)

    8,775,000        8,459,881   

3.700%, 09/01/15

    12,180,000        12,658,808   

4.000%, 04/01/24

    7,089,000        7,080,656   

4.100%, 07/24/23

    8,290,000        8,408,680   

5.000%, 01/21/44 (f)

    4,805,000        4,905,357   

5.750%, 12/01/17

    5,635,000        6,379,620   

Bank of New York Mellon Corp. (The)

   

2.100%, 01/15/19

    7,550,000        7,505,085   

BPCE S.A.

   

5.150%, 07/21/24 (144A) (f)

    3,430,000        3,412,298   

Citigroup, Inc.

   

2.500%, 09/26/18 (f)

    4,367,000        4,390,708   

3.375%, 03/01/23

    11,270,000        10,898,597   

3.875%, 10/25/23

    4,975,000        4,939,792   

4.450%, 01/10/17

    2,290,000        2,473,262   

4.950%, 11/07/43 (f)

    1,430,000        1,453,173   

6.675%, 09/13/43

    1,430,000        1,674,531   

Commerzbank AG

   

6.375%, 03/22/19 (EUR)

    2,300,000        3,624,872   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

2.250%, 01/14/19

    4,505,000        4,492,454   

Discover Bank

   

7.000%, 04/15/20

    1,678,000        1,979,766   

Goldman Sachs Group, Inc. (The)

   

1.833%, 11/29/23 (b)

    3,925,000        4,012,736   

2.375%, 01/22/18 (f)

    4,825,000        4,857,057   

2.625%, 01/31/19

    15,698,000        15,657,782   

2.900%, 07/19/18

    7,155,000        7,296,626   

3.625%, 02/07/16

    3,045,000        3,188,968   

3.625%, 01/22/23 (f)

    9,055,000        8,907,458   

5.750%, 01/24/22 (f)

    2,466,000        2,796,244   

6.250%, 02/01/41

    1,430,000        1,698,046   

6.750%, 10/01/37

    1,430,000        1,638,092   

HSBC Bank Brasil S.A. - Banco Multiplo

   

4.000%, 05/11/16 (144A) (f)

    13,340,000        13,840,250   

HSBC Holdings plc

   

4.250%, 03/14/24 (f)

    1,432,000        1,433,763   

5.250%, 03/14/44

    3,490,000        3,528,934   

JPMorgan Chase & Co.

   

1.350%, 02/15/17

    10,950,000        10,941,109   

3.200%, 01/25/23

    1,740,000        1,687,226   

3.250%, 09/23/22

    3,110,000        3,063,633   

3.875%, 02/01/24 (f)

    2,805,000        2,830,166   

4.750%, 03/01/15

    6,090,000        6,320,007   

4.850%, 02/01/44

    1,430,000        1,458,094   

6.750%, 02/01/24 (b) (f)

    1,212,000        1,275,630   

Macquarie Bank, Ltd.

   

1.650%, 03/24/17 (144A)

    6,430,000        6,410,234   

Morgan Stanley

   

2.500%, 01/24/19 (f)

    10,315,000        10,286,273   

3.450%, 11/02/15

    9,985,000        10,365,998   

3.750%, 02/25/23 (f)

    7,480,000        7,432,584   

3.800%, 04/29/16

    2,730,000        2,875,397   

 

MSF-20


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Morgan Stanley

   

5.000%, 11/24/25

    7,385,000      $ 7,598,574   

5.450%, 01/09/17

    9,650,000        10,668,210   

6.375%, 07/24/42

    1,430,000        1,744,416   

Royal Bank of Scotland Group plc

   

1.875%, 03/31/17

    5,590,000        5,594,232   

6.000%, 12/19/23 (f)

    4,820,000        4,935,453   

Societe Generale S.A.

   

5.000%, 01/17/24 (144A)

    4,845,000        4,828,178   

State Street Capital Trust IV

   

1.233%, 06/15/37 (b)

    420,000        344,400   

Wells Fargo & Co.

   

1.500%, 07/01/15

    3,045,000        3,080,438   

2.150%, 01/15/19 (f)

    2,688,000        2,681,707   

4.125%, 08/15/23 (f)

    2,580,000        2,610,042   

5.375%, 11/02/43

    3,970,000        4,181,962   
   

 

 

 
      301,979,276   
   

 

 

 

Beverages—0.3%

   

Anheuser-Busch InBev Finance, Inc.

   

2.150%, 02/01/19

    7,295,000        7,287,734   

3.700%, 02/01/24 (f)

    5,135,000        5,187,844   
   

 

 

 
      12,475,578   
   

 

 

 

Biotechnology—0.1%

   

Amgen, Inc.

   

5.650%, 06/15/42

    2,180,000        2,416,977   
   

 

 

 

Building Materials—0.0%

   

Buzzi Unicem S.p.A.

   

6.250%, 09/28/18 (EUR)

    140,000        217,746   
   

 

 

 

Chemicals—0.6%

   

LyondellBasell Industries NV

   

5.000%, 04/15/19 (f)

    19,662,000        21,892,831   

Rain CII Carbon LLC/CII Carbon Corp.

   

8.500%, 01/15/21 (EUR)

    260,000        363,562   
   

 

 

 
      22,256,393   
   

 

 

 

Coal—0.1%

   

CONSOL Energy, Inc.

   

8.250%, 04/01/20

    743,000        807,084   

Peabody Energy Corp.

   

6.000%, 11/15/18 (f)

    497,000        521,229   

6.250%, 11/15/21 (f)

    2,913,000        2,920,282   
   

 

 

 
      4,248,595   
   

 

 

 

Commercial Services—0.4%

   

EC Finance plc

   

9.750%, 08/01/17 (EUR)

    247,000        364,950   

MasterCard, Inc.

   

2.000%, 04/01/19 (f)

    3,912,000        3,895,104   

3.375%, 04/01/24

    2,517,000        2,512,890   

Commercial Services—(Continued)

  

TMF Group Holding B.V.

   

9.875%, 12/01/19 (EUR)

    250,000      384,881   

United Rentals North America, Inc.

   

7.625%, 04/15/22

    8,490,000        9,519,412   

Verisure Holding AB

   

8.750%, 12/01/18 (EUR)

    230,000        344,667   
   

 

 

 
      17,021,904   
   

 

 

 

Computers—0.3%

   

Hewlett-Packard Co.

   

3.750%, 12/01/20 (f)

    4,830,000        4,906,338   

International Business Machines Corp.

   

3.625%, 02/12/24 (f)

    6,462,000        6,515,544   
   

 

 

 
      11,421,882   
   

 

 

 

Diversified Financial Services—0.3%

  

Discover Financial Services

   

3.850%, 11/21/22

    2,178,000        2,137,979   

Ford Motor Credit Co. LLC

   

4.375%, 08/06/23 (f)

    1,902,000        1,962,388   

General Electric Capital Corp.

   

6.875%, 01/10/39

    1,430,000        1,883,226   

Icahn Enterprises L.P./Icahn Enterprises
Finance Corp.

   

3.500%, 03/15/17 (144A)

    1,030,000        1,040,300   

4.875%, 03/15/19 (144A)

    1,405,000        1,429,587   

6.000%, 08/01/20 (144A)

    1,660,000        1,759,600   

Lehman Brothers Holdings, Inc.

   

6.750%, 12/28/17 (g) (h)

    4,775,000        478   
   

 

 

 
      10,213,558   
   

 

 

 

Electric—1.9%

   

CenterPoint Energy Houston Electric LLC

   

4.500%, 04/01/44

    4,770,000        4,892,250   

Cleveland Electric Illuminating Co. (The)

   

5.950%, 12/15/36

    2,527,000        2,733,029   

8.875%, 11/15/18

    1,390,000        1,740,805   

CMS Energy Corp.

   

3.875%, 03/01/24 (f)

    1,544,000        1,564,355   

4.875%, 03/01/44

    3,479,000        3,544,499   

Commonwealth Edison Co.

   

4.700%, 01/15/44

    3,129,000        3,275,190   

Dominion Gas Holdings LLC

   

4.800%, 11/01/43 (144A)

    486,000        495,580   

Dominion Resources, Inc.

   

1.950%, 08/15/16

    6,100,000        6,215,009   

Duke Energy Carolinas LLC

   

4.250%, 12/15/41

    3,680,000        3,617,363   

Duke Energy Florida, Inc.

   

6.400%, 06/15/38

    1,300,000        1,676,390   

Entergy Arkansas, Inc.

   

3.700%, 06/01/24 (f)

    4,665,000        4,734,574   

Georgia Power Co.

   

3.000%, 04/15/16

    5,930,000        6,191,359   

 

MSF-21


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Electric—(Continued)

   

Jersey Central Power & Light Co.

   

7.350%, 02/01/19 (f)

    2,335,000      $ 2,778,788   

MidAmerican Energy Holdings Co.

   

6.500%, 09/15/37

    4,650,000        5,750,646   

Oncor Electric Delivery Co. LLC

   

4.100%, 06/01/22

    961,000        1,006,851   

5.300%, 06/01/42

    1,475,000        1,640,486   

Pacific Gas & Electric Co.

   

4.750%, 02/15/44 (f)

    1,397,000        1,413,482   

PacifiCorp

   

3.600%, 04/01/24 (f)

    9,680,000        9,789,791   

4.100%, 02/01/42

    2,700,000        2,580,606   

5.750%, 04/01/37

    2,600,000        3,123,123   

PG&E Corp.

   

2.400%, 03/01/19

    1,988,000        1,975,060   

Progress Energy, Inc.

   

4.875%, 12/01/19

    482,000        534,766   

Southern Co. (The)

   

1.950%, 09/01/16

    2,603,000        2,666,146   

Virginia Electric and Power Co.

   

3.450%, 02/15/24

    800,000        798,351   
   

 

 

 
      74,738,499   
   

 

 

 

Electronics—0.4%

   

Rexel S.A.

   

5.125%, 06/15/20 (EUR)

    1,904,000        2,813,215   

Thermo Fisher Scientific, Inc.

   

2.400%, 02/01/19

    10,253,000        10,210,122   

5.300%, 02/01/44

    511,000        550,686   

Trionista Holdco GmbH

   

5.000%, 04/30/20 (EUR)

    306,000        440,784   

Trionista TopCo GmbH

   

6.875%, 04/30/21 (EUR)

    131,000        196,271   
   

 

 

 
      14,211,078   
   

 

 

 

Engineering & Construction—0.1%

  

 

Odebrecht Offshore Drilling Finance, Ltd.

   

6.750%, 10/01/22 (144A)

    3,184,302        3,303,713   
   

 

 

 

Entertainment—0.0%

   

Gala Group Finance plc

   

8.875%, 09/01/18 (GBP)

    210,000        374,608   

GLP Capital L.P. / GLP Financing II, Inc.

   

4.375%, 11/01/18 (144A)

    264,000        270,930   

4.875%, 11/01/20 (144A)

    415,000        425,894   
   

 

 

 
      1,071,432   
   

 

 

 

Food—0.1%

  

Bakkavor Finance 2 plc

   

8.750%, 06/15/20 (GBP)

    180,000        334,597   

Mondelez International, Inc.

   

2.250%, 02/01/19 (f)

    4,505,000        4,463,802   
   

 

 

 
      4,798,399   
   

 

 

 

Forest Products & Paper—0.3%

  

International Paper Co.

   

4.750%, 02/15/22 (f)

    11,604,000      12,546,802   
   

 

 

 

Healthcare-Products—0.2%

  

Boston Scientific Corp.

   

2.650%, 10/01/18 (f)

    4,391,000        4,424,143   

IDH Finance plc

   

6.000%, 12/01/18 (GBP)

    209,000        362,372   

Medtronic, Inc.

   

3.625%, 03/15/24 (f)

    2,265,000        2,274,293   

Ontex IV S.A.

   

9.000%, 04/15/19 (EUR)

    240,000        359,838   
   

 

 

 
      7,420,646   
   

 

 

 

Healthcare-Services—0.8%

  

Aetna, Inc.

   

4.750%, 03/15/44 (f)

    994,000        1,008,840   

Coventry Health Care, Inc.

   

5.450%, 06/15/21

    4,598,000        5,272,885   

HCA, Inc.

   

7.250%, 09/15/20

    8,300,000        8,974,375   

Priory Group No. 3 plc

   

7.000%, 02/15/18 (GBP)

    270,000        474,888   

Tenet Healthcare Corp.

   

6.250%, 11/01/18

    4,710,000        5,195,719   

UnitedHealth Group, Inc.

   

3.375%, 11/15/21

    1,560,000        1,580,417   

WellPoint, Inc.

   

1.875%, 01/15/18

    5,170,000        5,131,287   

2.300%, 07/15/18

    5,640,000        5,655,606   
   

 

 

 
      33,294,017   
   

 

 

 

Holding Companies-Diversified—0.0%

  

Odeon & UCI Finco plc

   

9.000%, 08/01/18 (GBP)

    109,000        190,998   
   

 

 

 

Home Furnishings—0.0%

  

DFS Furniture Holdings plc

   

7.625%, 08/15/18 (GBP)

    215,000        385,320   

Magnolia BC S.A.

   

9.000%, 08/01/20 (EUR)

    100,000        144,309   
   

 

 

 
      529,629   
   

 

 

 

Household Products/Wares—0.4%

  

Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu

   

6.875%, 02/15/21 (f)

    8,495,000        9,174,600   

7.875%, 08/15/19

    5,195,000        5,720,994   
   

 

 

 
      14,895,594   
   

 

 

 

Insurance—1.6%

  

American International Group, Inc.

   

3.375%, 08/15/20 (f)

    6,820,000        6,962,483   

3.800%, 03/22/17

    9,900,000        10,592,010   

 

MSF-22


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Insurance—(Continued)

  

American International Group, Inc.

   

4.125%, 02/15/24

    3,964,000      $ 4,047,930   

5.450%, 05/18/17

    3,540,000        3,950,435   

8.175%, 05/15/58 (b)

    3,600,000        4,729,500   

Genworth Financial, Inc.

   

7.625%, 09/24/21

    3,220,000        3,966,682   

Manulife Financial Corp.

   

3.400%, 09/17/15

    1,510,000        1,565,132   

Prudential Financial, Inc.

   

4.500%, 11/15/20

    2,500,000        2,710,730   

4.750%, 09/17/15 (f)

    4,010,000        4,236,336   

5.375%, 06/21/20

    3,000,000        3,399,114   

7.375%, 06/15/19

    3,860,000        4,729,465   

XL Group plc

   

6.500%, 04/15/17 (b)

    7,400,000        7,279,750   

XLIT, Ltd.

   

2.300%, 12/15/18

    1,913,000        1,897,639   

5.250%, 12/15/43 (f)

    871,000        923,149   
   

 

 

 
      60,990,355   
   

 

 

 

Internet—0.0%

  

Cerved Group S.p.A.

   

8.000%, 01/15/21 (EUR)

    230,000        349,388   
   

 

 

 

Leisure Time—0.0%

  

Cirsa Funding Luxembourg S.A.

   

8.750%, 05/15/18 (EUR)

    268,000        385,825   
   

 

 

 

Lodging—0.3%

  

Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property

   

8.000%, 10/01/20 (144A) (f)

    4,526,000        4,763,615   

11.000%, 10/01/21 (144A) (f)

    5,018,000        5,268,900   
   

 

 

 
      10,032,515   
   

 

 

 

Media—1.3%

  

CBS Corp.

   

4.625%, 05/15/18

    1,525,000        1,658,369   

5.750%, 04/15/20

    770,000        874,617   

8.875%, 05/15/19

    2,705,000        3,468,045   

Comcast Cable Communications LLC

   

8.500%, 05/01/27

    2,400,000        3,342,732   

Comcast Corp.

   

4.650%, 07/15/42

    1,712,000        1,707,597   

4.750%, 03/01/44 (f)

    1,230,000        1,248,491   

5.875%, 02/15/18

    2,684,000        3,073,217   

COX Communications, Inc.

   

8.375%, 03/01/39 (144A)

    4,415,000        5,792,118   

DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.

   

3.800%, 03/15/22 (f)

    2,555,000        2,528,272   

4.600%, 02/15/21

    2,120,000        2,236,733   

5.000%, 03/01/21

    2,680,000        2,881,464   

5.150%, 03/15/42

    3,735,000        3,531,035   

Media—(Continued)

  

NBCUniversal Enterprise, Inc.

   

5.250%, 03/29/49 (144A)

    4,100,000      4,141,000   

NBCUniversal Media LLC

   

4.375%, 04/01/21

    1,990,000        2,159,602   

4.450%, 01/15/43

    3,594,000        3,477,008   

5.150%, 04/30/20

    6,628,000        7,487,890   

Unitymedia Kabel BW GmbH

   

9.500%, 03/15/21 (EUR)

    270,000        429,546   
   

 

 

 
      50,037,736   
   

 

 

 

Metal Fabricate/Hardware—0.0%

  

Eco-Bat Finance plc

   

7.750%, 02/15/17 (EUR)

    230,000        328,900   
   

 

 

 

Mining—0.5%

  

BHP Billiton Finance USA, Ltd.

   

3.850%, 09/30/23

    2,924,000        2,995,486   

5.000%, 09/30/43

    1,626,000        1,720,604   

Freeport-McMoRan Copper & Gold, Inc.

   

3.875%, 03/15/23 (f)

    3,220,000        3,078,877   

Novelis, Inc.

   

8.750%, 12/15/20 (f)

    7,985,000        8,923,238   

Rio Tinto Finance USA plc

   

2.875%, 08/21/22 (f)

    2,652,000        2,524,160   
   

 

 

 
      19,242,365   
   

 

 

 

Miscellaneous Manufacturing—0.1%

  

GCL Holdings SCA

   

9.375%, 04/15/18 (EUR)

    220,000        325,751   

General Electric Co.

   

4.500%, 03/11/44

    2,640,000        2,680,954   
   

 

 

 
      3,006,705   
   

 

 

 

Oil & Gas—3.8%

  

Apache Corp.

   

4.250%, 01/15/44 (f)

    2,555,000        2,396,424   

4.750%, 04/15/43

    1,490,000        1,497,864   

BP Capital Markets plc

   

2.237%, 05/10/19 (f)

    7,385,000        7,341,059   

2.750%, 05/10/23 (f)

    5,810,000        5,449,135   

3.245%, 05/06/22

    2,970,000        2,945,004   

3.814%, 02/10/24 (f)

    4,430,000        4,469,617   

EOG Resources, Inc.

   

2.450%, 04/01/20 (f)

    6,525,000        6,499,128   

Exxon Mobil Corp.

   

1.819%, 03/15/19 (f)

    11,260,000        11,179,367   

Husky Energy, Inc.

   

4.000%, 04/15/24

    3,205,000        3,259,408   

Kerr-McGee Corp.

   

6.950%, 07/01/24

    3,399,000        4,121,593   

Laredo Petroleum, Inc.

   

7.375%, 05/01/22 (f)

    3,500,000        3,885,000   

Linn Energy LLC/Linn Energy Finance Corp.

   

7.250%, 11/01/19 (144A) (f)

    4,115,000        4,289,888   

 

MSF-23


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

MEG Energy Corp.

   

6.500%, 03/15/21 (144A)

    8,548,000      $ 8,996,770   

Murphy Oil Corp.

   

2.500%, 12/01/17

    6,472,000        6,578,976   

Nexen Energy ULC

   

5.875%, 03/10/35

    280,000        305,583   

Noble Energy, Inc.

   

5.250%, 11/15/43 (f)

    4,025,000        4,201,054   

6.000%, 03/01/41

    3,290,000        3,759,730   

8.250%, 03/01/19

    3,001,000        3,736,869   

Petrobras Global Finance B.V.

   

6.250%, 03/17/24 (f)

    9,900,000        10,199,584   

Petrobras International Finance Co.

   

3.875%, 01/27/16

    8,145,000        8,364,418   

Petroleos Mexicanos

   

3.500%, 01/30/23 (f)

    3,295,000        3,100,595   

Range Resources Corp.

   

5.750%, 06/01/21 (f)

    135,000        144,619   

Shell International Finance B.V.

   

2.000%, 11/15/18

    6,640,000        6,659,940   

4.550%, 08/12/43

    5,885,000        6,082,718   

Statoil ASA

   

2.900%, 11/08/20

    7,535,000        7,601,964   

Total Capital International S.A.

   

3.700%, 01/15/24

    2,970,000        3,025,058   

Transocean, Inc.

   

6.000%, 03/15/18

    12,229,000        13,599,492   

6.500%, 11/15/20

    4,265,000        4,789,284   

6.800%, 03/15/38

    2,495,000        2,691,499   
   

 

 

 
      151,171,640   
   

 

 

 

Oil & Gas Services—0.1%

  

Schlumberger Investment S.A.

   

3.650%, 12/01/23 (f)

    2,451,000        2,485,986   
   

 

 

 

Packaging & Containers—0.0%

  

Ardagh Glass Finance plc

   

8.750%, 02/01/20 (EUR)

    133,000        196,969   

Ardagh Packaging Finance plc

   

9.250%, 10/15/20 (EUR)

    109,000        167,433   
   

 

 

 
      364,402   
   

 

 

 

Pharmaceuticals—0.5%

  

AbbVie, Inc.

   

4.400%, 11/06/42

    4,570,000        4,470,781   

Actavis, Inc.

   

3.250%, 10/01/22 (f)

    4,755,000        4,558,490   

4.625%, 10/01/42 (f)

    4,570,000        4,367,229   

Bristol-Myers Squibb Co.

   

4.500%, 03/01/44

    5,231,000        5,259,729   

Teva Pharmaceutical Finance Co. B.V.

   

3.650%, 11/10/21 (f)

    2,000,000        2,003,324   
   

 

 

 
      20,659,553   
   

 

 

 

Pipelines—0.8%

  

Energy Transfer Partners L.P.

   

5.950%, 10/01/43

    2,760,000      2,970,061   

Kinder Morgan Energy Partners L.P.

   

3.500%, 03/01/21 (f)

    855,000        851,626   

4.150%, 02/01/24 (f)

    10,585,000        10,521,680   

TransCanada PipeLines, Ltd.

   

3.750%, 10/16/23 (f)

    2,865,000        2,886,854   

4.625%, 03/01/34

    2,510,000        2,565,484   

Western Gas Partners L.P.

   

5.375%, 06/01/21

    4,913,000        5,386,633   

Williams Cos., Inc. (The)

   

3.700%, 01/15/23 (f)

    3,090,000        2,804,126   

7.875%, 09/01/21

    2,186,000        2,597,259   

Williams Partners L.P.

   

5.400%, 03/04/44

    2,321,000        2,381,643   
   

 

 

 
      32,965,366   
   

 

 

 

Real Estate—0.1%

  

Realogy Group LLC

   

7.875%, 02/15/19 (144A)

    4,118,000        4,442,292   
   

 

 

 

Real Estate Investment Trusts—0.2%

  

ARC Properties Operating Partnership L.P./ Clark Acquisition LLC

   

3.000%, 02/06/19 (144A)

    4,745,000        4,723,382   

Ventas Realty L.P. / Ventas Capital Corp.

   

2.700%, 04/01/20

    1,454,000        1,415,287   
   

 

 

 
      6,138,669   
   

 

 

 

Retail—0.2%

  

CVS Caremark Corp.

   

5.300%, 12/05/43

    929,000        1,025,453   

Enterprise Inns plc

   

6.500%, 12/06/18 (GBP)

    296,000        519,384   

House of Fraser Funding plc

   

8.875%, 08/15/18 (GBP)

    278,000        502,863   

QVC, Inc.

   

7.500%, 10/01/19 (144A)

    4,045,000        4,304,078   

Unique Pub Finance Co. plc (The)

   

5.659%, 06/30/27 (GBP)

    193,431        324,510   

Wal-Mart Stores, Inc.

   

4.000%, 04/11/43

    3,337,000        3,105,909   
   

 

 

 
      9,782,197   
   

 

 

 

Software—0.0%

  

First Data Corp.

   

7.375%, 06/15/19 (144A)

    1,245,000        1,338,375   
   

 

 

 

Storage/Warehousing—0.0%

  

Algeco Scotsman Global Finance plc

   

9.000%, 10/15/18 (EUR)

    230,000        345,434   
   

 

 

 

Telecommunications—2.8%

  

America Movil S.A.B. de C.V.

   

2.375%, 09/08/16

    7,975,000        8,206,275   

 

MSF-24


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Telecommunications—(Continued)

  

AT&T, Inc.

   

2.300%, 03/11/19 (f)

    7,045,000      $ 7,008,570   

3.900%, 03/11/24 (f)

    7,045,000        7,025,070   

Cisco Systems, Inc.

   

2.125%, 03/01/19

    3,935,000        3,917,395   

Intelsat Jackson Holdings S.A.

   

7.250%, 04/01/19 (f)

    4,886,000        5,252,450   

Level 3 Financing, Inc.

   

8.125%, 07/01/19

    5,270,000        5,783,825   

MetroPCS Wireless, Inc.

   

7.875%, 09/01/18 (f)

    270,000        286,875   

Phones4u Finance plc

   

9.500%, 04/01/18 (GBP)

    190,000        332,596   

Sprint Communications, Inc.

   

9.000%, 11/15/18 (144A)

    10,180,000        12,445,050   

Sprint Corp.

   

7.875%, 09/15/23 (144A) (f)

    3,535,000        3,888,500   

T-Mobile USA, Inc.

   

6.633%, 04/28/21 (f)

    1,345,000        1,445,875   

6.731%, 04/28/22

    1,295,000        1,387,269   

6.836%, 04/28/23 (f)

    410,000        439,725   

Telenet Finance V Luxembourg SCA

   

6.750%, 08/15/24 (EUR)

    320,000        487,137   

Verizon Communications, Inc.

   

3.450%, 03/15/21

    3,220,000        3,264,085   

3.650%, 09/14/18

    7,750,000        8,250,123   

3.850%, 11/01/42

    14,827,000        12,413,817   

4.500%, 09/15/20 (f)

    3,340,000        3,627,383   

6.550%, 09/15/43

    18,402,000        22,394,038   

Virgin Media Secured Finance plc

   

6.000%, 04/15/21 (GBP)

    240,000        423,123   
   

 

 

 
      108,279,181   
   

 

 

 

Transportation—0.3%

  

Burlington Northern Santa Fe LLC

   

3.000%, 03/15/23

    1,750,000        1,651,685   

3.750%, 04/01/24 (f)

    847,000        849,447   

FedEx Corp.

   

4.900%, 01/15/34

    5,225,000        5,367,721   

5.100%, 01/15/44

    3,790,000        3,928,365   

Gategroup Finance Luxembourg S.A.

   

6.750%, 03/01/19 (EUR)

    230,000        342,240   
   

 

 

 
      12,139,458   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $1,039,537,093)

      1,060,987,386   
   

 

 

 
Asset-Backed Securities—19.9%   

Asset-Backed - Automobile—7.2%

  

American Credit Acceptance Receivables Trust

   

1.140%, 03/12/18 (144A)

    4,868,544        4,869,887   

AmeriCredit Automobile Receivables Trust

   

1.520%, 01/08/19

    1,595,000        1,586,430   

Asset-Backed - Automobile—(Continued)

  

AmeriCredit Automobile Receivables Trust

   

1.660%, 09/10/18

    1,400,000      1,404,613   

1.680%, 07/08/19

    3,191,000        3,181,255   

1.690%, 11/08/18

    5,942,000        5,975,537   

2.290%, 11/08/19

    845,000        848,474   

2.420%, 05/08/18

    3,450,000        3,536,243   

2.640%, 10/10/17

    3,470,000        3,566,001   

2.720%, 09/09/19

    860,000        879,808   

3.310%, 10/08/19

    2,010,000        2,074,207   

3.440%, 10/08/17

    5,300,000        5,468,937   

AUTO ABS SRL

   

2.800%, 04/27/25 (EUR)

    3,469,277        4,820,962   

Capital Auto Receivables Asset Trust

   

1.740%, 10/22/18

    6,080,000        6,037,580   

Chesapeake Funding LLC

   

1.756%, 11/07/23 (144A) (b)

    3,230,000        3,270,204   

2.156%, 11/07/23 (144A) (b)

    2,075,000        2,100,757   

Chrysler Capital Auto Receivables Trust

   

0.560%, 12/15/16 (144A)

    5,250,000        5,255,308   

0.850%, 05/15/18 (144A)

    4,595,000        4,608,523   

1.270%, 03/15/19 (144A)

    3,175,000        3,174,349   

1.760%, 08/15/19 (144A)

    1,670,000        1,661,435   

1.780%, 06/17/19 (144A)

    1,455,000        1,453,746   

2.240%, 09/16/19 (144A)

    1,515,000        1,511,272   

2.280%, 11/15/19 (144A)

    2,150,000        2,138,734   

2.890%, 10/15/20 (144A)

    1,485,000        1,497,244   

Credit Acceptance Auto Loan Trust

   

1.210%, 10/15/20 (144A)

    2,740,000        2,741,181   

1.500%, 04/15/21 (144A)

    2,870,000        2,879,818   

1.520%, 03/16/20 (144A)

    4,950,000        4,976,379   

1.830%, 04/15/21 (144A)

    2,350,000        2,360,347   

2.200%, 09/16/19 (144A)

    10,500,000        10,559,608   

DT Auto Owner Trust

   

1.430%, 03/15/18 (144A)

    2,895,000        2,899,765   

2.720%, 04/17/17 (144A)

    200,000        201,169   

3.380%, 10/16/17 (144A)

    1,427,482        1,431,208   

3.500%, 04/17/17 (144A)

    467,664        468,122   

4.940%, 07/16/18 (144A)

    4,500,000        4,608,297   

Hyundai Auto Receivables Trust

   

2.610%, 05/15/18

    5,570,000        5,738,855   

Prestige Auto Receivables Trust

   

0.970%, 03/15/18 (144A)

    5,020,000        5,019,548   

1.090%, 02/15/18 (144A)

    6,548,829        6,561,115   

1.330%, 05/15/19 (144A)

    6,000,000        6,006,426   

5.180%, 07/16/18 (144A)

    3,900,000        4,005,799   

Santander Drive Auto Receivables Trust

   

1.190%, 05/15/18

    8,640,000        8,666,680   

1.210%, 10/16/17 (144A)

    10,680,000        10,711,623   

1.330%, 05/15/17

    4,230,000        4,253,337   

1.480%, 05/15/17 (144A)

    302,498        302,544   

1.550%, 10/15/18

    12,295,000        12,269,783   

1.560%, 08/15/18

    4,885,000        4,925,956   

1.590%, 10/15/18

    13,140,000        13,155,873   

1.780%, 11/15/18 (144A)

    19,900,000        19,967,660   

1.890%, 10/15/19 (144A)

    6,435,000        6,501,937   

1.940%, 12/15/16

    7,860,000        7,933,727   

 

MSF-25


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Automobile—(Continued)

  

Santander Drive Auto Receivables Trust

   

1.940%, 03/15/18

    4,535,000      $ 4,585,234   

2.250%, 06/17/19

    5,820,000        5,880,412   

2.360%, 04/15/20

    5,765,000        5,814,677   

2.700%, 08/15/18

    2,330,000        2,398,560   

2.720%, 05/16/16

    2,410,000        2,426,357   

2.940%, 12/15/17

    2,600,000        2,678,494   

3.010%, 04/16/18

    10,710,000        11,017,259   

3.120%, 10/15/19 (144A)

    2,490,000        2,559,080   

3.200%, 02/15/18

    16,830,000        17,273,504   

3.250%, 01/15/20

    4,140,000        4,308,001   

3.780%, 11/15/17

    3,250,000        3,346,531   

3.780%, 10/15/19 (144A)

    1,625,000        1,691,479   
   

 

 

 
      284,047,851   
   

 

 

 

Asset-Backed - Credit Card—0.8%

  

CHLUPA Trust

   

3.326%, 08/15/20 (144A)

    6,480,376        6,511,676   

World Financial Network Credit Card Master Trust

   

2.150%, 04/17/23

    13,085,000        12,864,426   

2.230%, 08/15/22

    10,290,000        10,301,556   
   

 

 

 
      29,677,658   
   

 

 

 

Asset-Backed - Home Equity—0.1%

  

GSAA Home Equity Trust

   

0.434%, 10/25/35 (b)

    5,115,958        4,759,416   

Option One Mortgage Loan Trust

   

1.279%, 11/25/32 (b)

    204,571        186,679   
   

 

 

 
      4,946,095   
   

 

 

 

Asset-Backed - Other—6.1%

  

ALM VIII, Ltd.

   

1.691%, 01/20/26 (144A) (b)

    5,940,000        5,934,185   

Apidos CDO

   

1.706%, 01/19/25 (144A) (b)

    4,890,000        4,877,780   

Battalion CLO, Ltd.

   

1.637%, 10/22/25 (144A) (b)

    5,205,000        5,180,818   

Benefit Street Partners CLO II, Ltd.

   

1.439%, 07/15/24 (144A) (b)

    2,240,000        2,220,158   

Carlyle Global Market Strategies CLO, Ltd.

   

1.627%, 01/20/25 (144A) (b)

    7,820,000        7,798,800   

Cavalary CLO II

   

2.238%, 01/17/24 (144A) (b)

    8,510,000        8,409,216   

Cent CLO 19, Ltd.

   

1.566%, 10/29/25 (144A) (b)

    5,695,000        5,656,701   

Chase Funding Trust

   

6.333%, 04/25/32

    943,254        962,663   

CT CDO IV, Ltd.

   

0.467%, 10/20/43 (144A) (b)

    3,983,940        3,865,736   

Dryden Senior Loan Fund

   

1.666%, 11/15/23 (144A)

    4,250,000        4,240,654   

First Franklin Mortgage Loan Trust

   

0.364%, 12/25/36 (b)

    14,870,238        8,777,158   

Asset-Backed - Other—(Continued)

  

Ford Credit Floorplan Master Owner Trust

   

2.090%, 09/15/16

    4,405,000      4,429,113   

2.860%, 01/15/19

    1,125,000        1,166,538   

3.500%, 01/15/19

    1,980,000        2,081,766   

GT Loan Financing I, Ltd.

   

1.505%, 10/28/24 (144A) (b)

    5,670,000        5,616,708   

HLSS Servicer Advance Receivables Backed Notes

   

1.147%, 05/16/44 (144A)

    815,000        812,229   

1.183%, 08/15/44 (144A)

    8,215,000        8,210,892   

1.287%, 09/15/44 (144A)

    6,230,000        6,239,345   

HLSS Servicer Advance Receivables Trust

   

1.244%, 01/17/45 (144A)

    7,785,000        7,789,671   

1.495%, 01/16/46 (144A)

    13,660,000        13,632,680   

1.990%, 10/15/45 (144A)

    8,225,000        8,282,575   

ING Investment Management Co.

   

1.686%, 01/18/26 (144A) (b)

    6,925,000        6,907,563   

1.769%, 10/15/22 (144A) (b)

    3,395,000        3,395,923   

JG Wentworth XXIII LLC

   

4.700%, 10/15/56 (144A)

    2,430,687        2,623,801   

JG Wentworth XXVI LLC

   

3.840%, 10/15/59 (144A)

    4,854,682        4,862,236   

JG Wentworth XXVII LLC

   

3.220%, 09/15/65 (144A)

    2,604,853        2,510,276   

KKR Financial CLO, Ltd.

   

1.389%, 07/15/25 (144A) (b)

    4,895,000        4,812,867   

Knollwood CDO, Ltd.

   

3.439%, 01/10/39 (144A) (b) (i)

    740,900        7   

Merrill Lynch First Franklin Mortgage Loan Trust

   

0.394%, 05/25/37 (b)

    15,005,338        8,980,560   

Northwoods Capital Corp. / Northwoods Capital, Ltd.

   

1.657%, 01/18/24 (144A) (b)

    5,070,000        5,044,239   

2.487%, 01/18/24 (144A) (b)

    4,820,000        4,825,760   

Octagon Investment Partners XVI, Ltd.

   

1.358%, 07/17/25 (144A) (b)

    5,600,000        5,515,569   

OHA Loan Funding, Ltd.

   

1.506%, 08/23/24 (144A) (b)

    5,670,000        5,623,529   

OZLM Funding IV, Ltd.

   

1.387%, 07/22/25 (144A) (b)

    9,625,000        9,473,724   

OZLM Funding, Ltd.

   

1.716%, 10/30/23 (144A) (b)

    8,930,000        8,922,963   

PFS Financing Corp.

   

1.255%, 02/15/18 (144A) (b)

    4,230,000        4,246,357   

Sound Point CLO, Ltd.

   

1.652%, 01/21/26 (144A) (b)

    2,185,000        2,165,468   

SpringCastle America Funding LLC

   

3.750%, 04/03/21 (144A)

    13,452,990        13,593,797   

4.000%, 12/03/24 (144A)

    10,159,000        9,891,724   

Vibrant CLO, Ltd.

   

1.718%, 07/17/24 (144A) (b)

    16,240,000        16,198,117   

2.638%, 07/17/24 (144A) (b)

    3,060,000        3,068,749   
   

 

 

 
      238,848,615   
   

 

 

 

 

MSF-26


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Student Loan—5.7%

   

Nelnet Student Loan Trust

   

0.346%, 08/23/27 (b)

    1,190,000      $ 1,167,306   

1.005%, 07/27/37 (144A) (b)

    3,810,000        3,786,934   

1.885%, 11/25/24 (b)

    6,095,000        6,412,781   

Scholar Funding Trust

   

0.803%, 01/30/45 (144A) (b)

    15,487,164        15,395,623   

1.135%, 10/28/43 (144A) (b)

    1,784,304        1,789,524   

SLC Private Student Loan Trust

   

0.409%, 07/15/36 (b)

    10,195,000        10,091,031   

SLM Private Credit Student Loan Trust

   

0.413%, 03/15/23 (b)

    11,237,179        11,089,421   

0.433%, 06/15/21 (b)

    5,660,586        5,606,992   

0.783%, 12/16/30 (b)

    5,007,517        4,929,009   

SLM Private Education Loan Trust

   

0.755%, 08/15/22 (144A) (b)

    2,441,674        2,446,498   

0.805%, 07/15/22 (144A) (b)

    7,655,332        7,670,107   

1.005%, 02/15/22 (144A) (b)

    8,349,446        8,393,915   

1.255%, 08/15/23 (144A) (b)

    1,828,251        1,839,032   

1.555%, 08/15/25 (144A) (b)

    2,551,827        2,585,126   

1.555%, 10/15/31 (144A) (b)

    3,740,000        3,800,450   

1.770%, 05/17/27 (144A)

    3,985,000        3,910,309   

1.850%, 06/17/30 (144A)

    25,300,000        24,645,008   

2.090%, 06/15/45 (144A)

    4,455,000        4,444,237   

2.405%, 06/16/42 (144A) (b)

    1,980,000        2,093,569   

2.500%, 03/15/47 (144A)

    720,000        680,636   

2.655%, 01/15/43 (144A) (b)

    5,200,000        5,518,209   

2.940%, 10/15/31 (144A)

    7,000,000        7,130,074   

2.950%, 02/15/46 (144A)

    16,045,000        16,481,825   

3.000%, 05/16/44 (144A)

    970,000        926,718   

3.310%, 10/15/46 (144A)

    12,475,000        12,934,142   

3.405%, 10/17/44 (144A) (b)

    3,420,000        3,688,497   

3.480%, 10/15/30 (144A)

    870,000        904,092   

3.740%, 02/15/29 (144A)

    1,685,000        1,765,642   

3.830%, 01/17/45 (144A)

    8,460,000        8,882,738   

4.540%, 10/17/44 (144A)

    5,040,000        5,412,592   

SLM Student Loan Trust

   

0.329%, 04/27/20 (b)

    1,950,588        1,944,266   

0.755%, 07/15/22 (144A) (b)

    4,705,000        4,714,104   

0.804%, 06/26/28 (b)

    9,620,000        9,658,345   

0.983%, 12/15/25 (144A) (b)

    9,185,000        9,175,255   

1.939%, 07/25/23 (b)

    11,355,000        11,921,910   
   

 

 

 
      223,835,917   
   

 

 

 

Total Asset-Backed Securities
(Cost $771,863,522)

      781,356,136   
   

 

 

 
Mortgage-Backed Securities—12.4%   

Collateralized Mortgage Obligations—1.2%

  

Banc of America Alternative Loan Trust

   

5.500%, 10/25/35

    3,294,603        2,994,218   

Countrywide Alternative Loan Trust

   

0.347%, 03/20/47 (b)

    3,437,935        2,683,628   

5.500%, 11/25/35

    2,404,383        2,173,752   

5.500%, 04/25/37

    1,814,300        1,482,339   

6.500%, 09/25/37

    12,959,128        10,536,069   

Collateralized Mortgage Obligations—(Continued)

  

Countrywide Home Loan Mortgage Pass-Through Trust

   

0.354%, 04/25/46 (b)

    1,295,165      1,022,779   

6.000%, 04/25/36

    1,352,974        1,289,815   

6.250%, 09/25/36

    1,848,688        1,628,764   

Credit Suisse Mortgage Capital Certificates

   

2.464%, 03/27/37 (144A) (b)

    1,791,821        1,750,475   

2.508%, 05/27/36 (144A) (b)

    3,859,094        3,682,988   

2.538%, 08/27/46 (144A) (b)

    4,380,297        4,153,232   

Deutsche ALT-A Securities, Inc. Alternate
Loan Trust

   

0.304%, 12/25/36 (b)

    5,803,312        4,721,493   

GSR Mortgage Loan Trust

   

6.000%, 07/25/37

    2,161,851        1,966,976   

JP Morgan Mortgage Trust

   

6.500%, 08/25/36

    764,880        680,767   

Merrill Lynch Mortgage Investors Trust

   

2.765%, 05/25/36 (b)

    3,686,910        3,086,165   

Structured Adjustable Rate Mortgage Loan Trust

   

3.980%, 04/25/47 (b)

    2,534,272        2,022,240   

Wells Fargo Mortgage Backed Securities Trust

   

2.615%, 07/25/36 (b)

    1,750,630        1,755,439   
   

 

 

 
      47,631,139   
   

 

 

 

Commercial Mortgage-Backed Securities—11.2%

  

Banc of America Commercial Mortgage Trust

   

5.482%, 01/15/49 (b)

    630,000        662,008   

5.598%, 06/10/49 (b)

    13,984,445        15,249,062   

Banc of America Merrill Lynch Commercial Mortgage, Inc.

   

4.621%, 07/10/43

    5,225,000        5,304,901   

Banc of America Re-REMIC Trust

   

4.998%, 12/20/41 (144A) (b)

    5,375,967        5,445,210   

BB-UBS Trust

   

0.596%, 11/05/36 (144A) (b) (c)

    85,480,000        4,720,975   

Bear Stearns Commercial Mortgage
Securities Trust

   

5.189%, 12/11/38

    8,152,059        8,907,087   

5.317%, 02/11/44

    5,685,312        6,179,548   

5.650%, 06/11/50 (b)

    5,656,423        6,255,777   

CD Mortgage Trust

   

6.116%, 11/15/44 (b)

    661,500        739,593   

Citigroup Commercial Mortgage Trust

   

1.302%, 09/10/46 (b) (c)

    17,877,607        1,292,068   

3.753%, 03/10/47

    3,265,000        3,285,948   

4.023%, 03/10/47

    4,970,000        5,113,111   

4.960%, 05/15/43 (b)

    6,750,000        6,882,266   

Commercial Mortgage Pass-Through Certificates

   

0.927%, 02/10/47 (b )(c)

    76,161,414        4,051,026   

1.367%, 02/10/47 (b) (c)

    82,166,343        6,298,050   

1.550%, 03/10/46 (b) (c)

    66,652,793        4,940,972   

1.603%, 03/10/46 (b) (c)

    41,828,712        3,644,619   

 

MSF-27


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Commercial Mortgage Pass-Through Certificates

   

1.672%, 10/13/28 (144A) (b)

    7,400,000      $ 7,444,888   

1.794%, 01/10/46 (b) (c)

    118,478,722        11,105,959   

2.224%, 05/15/45 (b) (c)

    26,765,452        3,120,316   

3.367%, 02/10/28 (144A)

    5,610,000        5,458,575   

3.400%, 10/05/30 (144A)

    4,845,000        4,599,310   

3.961%, 03/10/47

    3,570,000        3,662,631   

4.619%, 02/10/47 (b)

    3,405,000        3,554,074   

4.715%, 10/10/46 (b)

    1,565,000        1,668,700   

4.797%, 08/10/46 (144A) (b)

    2,270,000        2,385,459   

5.167%, 06/10/44 (b)

    7,050,000        7,410,713   

5.347%, 12/10/46

    5,320,000        5,821,309   

5.543%, 12/11/49 (144A) (b)

    2,690,000        2,887,895   

Credit Suisse Commercial Mortgage Trust

   

5.448%, 01/15/49 (b)

    5,729        5,691   

Credit Suisse First Boston Mortgage
Securities Corp.

   

4.771%, 07/15/37

    1,090,000        1,117,149   

Credit Suisse Mortgage Capital Certificates

   

0.425%, 04/15/22 (144A) (b)

    4,010,000        3,927,342   

DBRR Trust

   

1.636%, 12/18/49 (144A) (b)

    4,319,491        4,332,989   

5.724%, 06/17/49 (144A) (b)

    3,160,000        3,402,903   

Del Coronado Trust

   

5.155%, 03/15/18 (144A) (b)

    4,330,000        4,342,124   

Extended Stay America Trust

   

2.675%, 12/05/31 (144A)

    3,210,000        3,179,964   

2.958%, 12/05/31 (144A)

    4,640,000        4,603,595   

FREMF Mortgage Trust

   

3.165%, 04/25/46 (144A) (b)

    665,000        644,434   

3.562%, 08/25/45 (144A) (b)

    4,535,000        4,540,419   

3.656%, 10/25/45 (144A) (b)

    3,440,000        3,304,832   

3.741%, 04/25/45 (144A) (b)

    3,990,000        3,922,082   

4.024%, 11/25/44 (144A) (b)

    769,500        770,074   

GE Capital Commercial Mortgage Corp.

   

4.578%, 06/10/48

    1,656,425        1,665,574   

Greenwich Capital Commercial Mortgage Trust

   

5.867%, 12/10/49 (b)

    3,255,000        3,576,158   

6.025%, 12/10/49 (b)

    1,079,000        1,088,095   

GS Mortgage Securities Corp. II

   

1.758%, 02/10/46 (b) (c)

    108,161,471        11,216,128   

3.249%, 11/08/29 (144A) (b) (c)

    59,510,000        2,289,082   

3.436%, 12/10/27 (144A) (b)

    9,462,358        8,361,848   

GS Mortgage Securities Corp. Trust

   

3.633%, 06/05/31 (144A)

    965,000        977,378   

GS Mortgage Securities Trust

   

1.231%, 04/10/47 (c)

    11,455,000        922,094   

5.622%, 11/10/39

    990,000        980,225   

Hilton USA Trust

   

1.668%, 11/05/30 (144A) (b) (c)

    64,000,000        796,544   

4.407%, 11/05/30

    2,790,000        2,838,172   

4.453%, 11/05/30 (144A) (b)

    7,860,000        7,953,518   

Commercial Mortgage-Backed Securities—(Continued)

  

JP Morgan Chase Commercial Mortgage Securities Corp.

   

1.941%, 12/15/47 (b) (c)

    9,911,187      1,010,168   

4.158%, 01/12/39 (144A)

    545,608        545,220   

JP Morgan Chase Commercial Mortgage Securities Trust

   

0.587%, 04/15/46 (b) (c)

    4,900,000        214,272   

1.035%, 08/15/46 (b) (c)

    75,569,787        3,701,257   

1.179%, 02/15/47 (b) (c)

    11,362,147        815,916   

1.583%, 04/15/46 (b) (c)

    27,811,030        2,607,340   

2.003%, 06/15/45 (b) (c)

    24,638,342        2,358,776   

3.958%, 04/15/46 (b)

    2,230,000        2,136,327   

5.372%, 05/15/47

    1,220,000        1,281,755   

5.431%, 06/12/47 (b)

    11,345,707        12,416,708   

5.439%, 01/15/49

    8,455,375        9,312,327   

5.447%, 06/12/47

    809,436        825,498   

5.453%, 12/12/44 (b)

    3,600,000        3,846,035   

5.815%, 06/15/49 (b)

    1,293,672        1,377,336   

5.850%, 02/15/51 (b)

    10,214,722        11,469,876   

5.951%, 06/15/43 (144A)

    8,060,000        9,244,788   

LB Commercial Mortgage Trust

   

5.868%, 07/15/44 (b)

    1,515,000        1,692,061   

LB-UBS Commercial Mortgage Trust

   

5.205%, 04/15/30 (b)

    3,610,000        3,733,621   

6.150%, 09/15/45 (b)

    2,580,000        2,941,321   

Merrill Lynch Mortgage Trust

   

5.283%, 11/12/37 (b)

    5,045,000        5,301,856   

5.841%, 06/12/50 (b)

    3,298,662        3,509,664   

Morgan Stanley Bank of America Merrill
Lynch Trust

   

1.253%, 11/15/46 (b) (c)

    33,819,041        2,680,227   

1.740%, 02/15/46 (b) (c)

    24,912,392        2,402,800   

4.897%, 11/15/46 (b)

    2,028,000        2,079,130   

Morgan Stanley Capital I Trust

   

2.662%, 03/15/45 (144A) (b) (c)

    85,549        10,205   

5.312%, 03/15/44

    10,975,868        12,046,103   

5.406%, 03/15/44

    3,090,000        3,364,522   

5.577%, 04/12/49 (b)

    8,065,000        8,754,582   

5.665%, 04/15/49 (b)

    3,250,100        3,566,195   

5.908%, 06/11/49 (b)

    8,726,000        9,522,570   

Morgan Stanley Capital I, Inc.

   

6.340%, 07/15/30 (144A) (b)

    422,784        426,550   

Morgan Stanley Re-REMIC Trust

   

Zero Coupon, 03/23/51 (144A) (j)

    4,050,000        3,948,750   

Zero Coupon, 07/17/56 (144A) (j)

    3,321,232        3,292,171   

1.000%, 03/27/51 (144A)

    5,376,670        5,336,320   

2.000%, 07/27/49 (144A)

    4,650,239        4,661,865   

2.500%, 03/23/51 (144A)

    1,384,677        1,405,447   

5.819%, 08/15/45 (144A) (b)

    1,560,000        1,716,719   

Motel 6 Trust

   

2.743%, 10/05/25 (144A)

    3,135,000        3,149,484   

RBSCF Trust

   

5.953%, 02/16/51 (144A) (b)

    9,220,327        9,764,999   

SCG Trust

   

1.555%, 11/15/26 (144A) (b)

    5,285,000        5,293,752   

2.105%, 11/15/26 (144A) (b)

    3,290,000        3,291,145   

 

MSF-28


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

STRIPs, Ltd.

   

1.500%, 12/25/44 (144A)

    7,598,534      $ 7,522,549   

Wachovia Bank Commercial
Mortgage Trust

   

0.555%, 09/15/21 (144A) (b)

    4,285,000        4,125,932   

5.953%, 02/15/51 (b)

    4,072,000        4,224,342   

Wells Fargo Resecuritization Trust

   

1.750%, 08/20/21 (144A)

    4,206,920        4,209,655   

WF-RBS Commercial Mortgage Trust

   

0.710%, 08/15/46 (b) (c)

    45,116,782        1,855,608   

1.481%, 03/15/47 (b) (c)

    27,775,456        2,532,344   

1.515%, 03/15/48 (144A) (b) (c)

    65,407,421        5,734,465   

1.821%, 12/15/45 (144A) (b) (c)

    42,709,671        4,489,000   

3.037%, 03/15/45

    6,910,000        6,695,071   
   

 

 

 
      437,295,088   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $492,547,074)

      484,926,227   
   

 

 

 
Foreign Government—2.1%   

Sovereign—2.1%

  

Brazilian Government International Bond

   

4.250%, 01/07/25 (f)

    16,506,000        15,969,555   

Colombia Government International Bond

   

4.000%, 02/26/24 (f)

    5,175,000        5,123,250   

Hellenic Republic Government Bond

   

2.000%, 02/24/23 (EUR) (b)

    3,730,000        4,027,660   

Indonesia Government International Bonds

   

5.375%, 10/17/23 (144A)

    7,195,000        7,464,812   

5.875%, 01/15/24 (144A) (f)

    3,190,000        3,425,263   

Mexico Government International Bond

   

4.000%, 10/02/23

    14,150,000        14,291,500   

Peruvian Government International Bond

   

7.350%, 07/21/25

    2,900,000        3,730,125   

Poland Government International Bond

   

5.000%, 03/23/22

    3,500,000        3,819,375   

South Africa Government Bond

   

8.000%, 12/21/18 (ZAR)

    146,925,000        14,051,378   

South Africa Government International Bond

   

4.665%, 01/17/24 (f)

    2,600,000        2,574,000   

Turkey Government International Bond

   

5.750%, 03/22/24

    9,100,000        9,413,950   
   

 

 

 

Total Foreign Government
(Cost $82,543,007)

      83,890,868   
   

 

 

 
Municipals—0.7%   

Los Angeles Community College District

   

6.600%, 08/01/42

    980,000        1,285,584   

Metropolitan Transportation Authority Build America Bonds

   

6.814%, 11/15/40

    1,005,000        1,296,852   

Municipal Electric Authority of Georgia

   

6.637%, 04/01/57

    850,000        962,668   

New Jersey State Turnpike Authority

   

7.414%, 01/01/40

    1,241,000      1,740,366   

New York City Water & Sewer System

   

5.375%, 06/15/43

    2,360,000        2,637,040   

5.500%, 06/15/43

    2,825,000        3,195,696   

5.882%, 06/15/44

    980,000        1,198,315   

New York State Dormitory Authority Build America Bonds

   

5.389%, 03/15/40

    950,000        1,081,366   

Port Authority of New York & New Jersey

   

4.960%, 08/01/46

    1,635,000        1,704,193   

State of California General Obligation Unlimited, Build America Bonds

   

7.600%, 11/01/40

    4,580,000        6,445,388   

State of Illinois

   

5.100%, 06/01/33

    4,380,000        4,322,753   

University of California

   

4.858%, 05/15/2112

    915,000        864,346   
   

 

 

 

Total Municipals
(Cost $25,777,075)

      26,734,567   
   

 

 

 
Floating Rate Loans (b)—0.4%   

Lodging—0.4%

  

Hilton Fort Lauderdale

   

Mezzanine Term Loan, 7.348%,
02/22/16 (k)

    8,060,000        7,970,534   

Motel 6 Trust

   

Mezzanine Term Loan, 10.000%, 10/15/17 (i)

    7,202,977        7,509,103   
   

 

 

 

Total Floating Rate Loans
(Cost $15,235,331)

      15,479,637   
   

 

 

 
Preferred Stocks—0.3%   

Capital Markets—0.1%

  

State Street Corp., 5.900%

    66,045        1,709,905   
   

 

 

 

Diversified Financial Services—0.2%

  

Citigroup Capital XIII, 7.875% (f)

    272,339        7,554,684   
   

 

 

 

Electric—0.0%

  

SCE Trust III, 5.750%

    22,876        585,626   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

Federal Home Loan Mortgage Corp. Series Z, 8.375%

    70,000        770,000   

Federal National Mortgage Association Series S, 8.250%

    70,000        733,600   
   

 

 

 
      1,503,600   
   

 

 

 

Total Preferred Stocks
(Cost $9,873,810)

      11,353,815   
   

 

 

 

 

MSF-29


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Purchased Options—0.1%

 

Security Description   Notional/
Contracts/
Shares
    Value  

Call Options—0.0%

  

1 Year Interest Rate Swap,
Exercise Rate 11.85%,
Expires 07/01/14 (Counterparty - JPMorgan Chase Bank N.A.) (BRL)

    105,225,000      $ 82,594   

2 Year Interest Rate Swap,
Exercise Rate 12.00%,
Expires 07/01/14 (Counterparty - Credit Suisse International) (BRL)

    196,319,149        236,206   

USD Currency, Strike Price BRL 2.39,
Expires 04/10/14 (Counterparty - Goldman Sachs & Co.)

    5,137,000        827   

USD Currency, Strike Price ZAR 11.05,
Expires 04/10/14 (Counterparty - Deutsche Bank AG)

    5,140,000        1,912   
   

 

 

 
      321,539   
   

 

 

 

Put Options—0.1%

  

10 Year Interest Rate Swap,
Exercise Rate 1.10%,
Expires 06/05/14 (Counterparty - Barclays Bank plc) (JPY)

    4,039,000,000        54,229   

10 Year Interest Rate Swap,
Exercise Rate 1.10%,
Expires 06/06/14 (Counterparty - Barclays Bank plc) (JPY)

    2,020,000,000        27,757   

10 Year Interest Rate Swap,
Exercise Rate 1.10%,
Expires 06/09/14 (Counterparty - Bank of America N.A.) (JPY)

    4,201,000,000        59,119   

AUD Currency, Strike Price USD 0.825,
Expires 04/10/14 (Counterparty - Citibank N.A.)

    211,246,000        0   

AUD Currency, Strike Price USD 0.865,
Expires 04/10/14 (Counterparty - Deutsche Bank AG)

    209,727,760        389   

Eurodollar Midcurve 1 Year Futures @ 98.625,
Expires 12/12/14

    3,029        1,533,431   
   

 

 

 
      1,674,925   
   

 

 

 

Total Purchased Options
(Cost $4,755,818)

      1,996,464   
   

 

 

 
Short-Term Investment—5.6%   

Mutual Fund—5.6%

  

State Street Navigator Securities Lending MET Portfolio (l)

    220,677,690        220,677,690   
   

 

 

 

Total Short-Term Investment
(Cost $220,677,690)

      220,677,690   
   

 

 

 

Total Investments—123.3%
(Cost $4,832,843,076) (m)

      4,839,406,607   
   

 

 

 

Other assets and liabilities (net)—(23.3)%

      (913,568,683
   

 

 

 
Net Assets—100.0%     $ 3,925,837,924   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of March 31, 2014, the value of securities pledged amounted to $128,268,322.
(e) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2014, the market value of securities pledged was $1,236,793.
(f) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $216,543,933 and the collateral received consisted of cash in the amount of $220,677,690 and non-cash collateral with a value of $2,872,793. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(g) Non-income producing; Security is in default and/or issuer is in bankruptcy.
(h) Illiquid security. As of March 31, 2014, these securities represent 0.0% of net assets.
(i) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of March 31, 2014, the market value of restricted securities was $7,509,110, which is 0.2% of net assets. See details shown in the Restricted Securities table that follows.
(j) Principal only security.
(k) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent 0.2% of net assets.
(l) Represents investment of cash collateral received from securities lending transactions.
(m) As of March 31, 2014, the aggregate cost of investments was $4,832,843,076. The aggregate unrealized appreciation and depreciation of investments were $60,963,152 and $(54,399,621), respectively, resulting in net unrealized appreciation of $6,563,531.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $802,454,746, which is 20.4% of net assets.
(ACES)— Alternative Credit Enhancement Securities.
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CDI)— Brazil Interbank Deposit Rate
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(EMTN)— Euro Medium-Term Note

 

MSF-30


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

(EUR)— Euro
(GBP)— British Pound
(JPY)— Japanese Yen
(LIBOR)— London InterBank Offered Rate
(REMIC)— Real Estate Mortgage Investment Conduit
(ZAR)— South African Rand

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Knollwood CDO, Ltd.

     02/10/04       $ 740,900       $ 740,900       $ 7   

Motel 6 Trust

     07/11/12         7,202,977         7,202,977         7,509,103   
           

 

 

 
            $ 7,509,110   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
AUD     21,710,000      

Bank of America N.A.

     06/18/14         USD        19,606,323       $ 421,949   
BRL     9,708,050      

Deutsche Bank AG

     04/02/14         USD        4,180,000         98,559   
BRL     9,896,150      

Goldman Sachs & Co.

     04/02/14         USD        4,373,023         (11,564
BRL     188,100      

UBS AG

     04/02/14         USD        81,250         1,650   
EUR     29,424,000      

Citibank N.A.

     04/22/14         USD        39,755,296         778,899   
INR     1,150,385,580      

UBS AG

     06/18/14         USD        18,489,000         424,427   
ZAR     55,529,758      

BNP Paribas S.A.

     06/18/14         USD        5,188,000         23,692   

Contracts to Deliver

                                 
AUD     2,689,000      

Westpac Banking Corp.

     04/22/14         USD        2,484,695       $ (5,658
AUD     29,275,000      

Bank of America N.A.

     06/18/14         USD        26,046,377         (960,885
BRL     9,708,050      

Deutsche Bank AG

     04/02/14         USD        4,289,903         11,344   
BRL     9,896,150      

Goldman Sachs & Co.

     04/02/14         USD        4,180,000         (181,459
BRL     188,100      

UBS AG

     04/02/14         USD        83,120         220   
BRL     188,100      

UBS AG

     05/05/14         USD        80,616         (1,576
CAD     20,789,300      

Royal Bank of Scotland plc

     06/18/14         USD        18,625,000         (145,936
EUR     42,392,000      

Barclays Bank plc

     04/22/14         USD        57,637,647         (761,130
GBP     3,203,000      

Barclays Bank plc

     04/22/14         USD        5,254,563         (84,507
INR     562,764,950      

Deutsche Bank AG

     06/18/14         USD        9,185,000         (67,388
JPY     1,010,884,056      

BNP Paribas S.A.

     06/18/14         USD        9,880,000         82,065   
JPY     3,777,532,702      

Credit Suisse International

     06/18/14         USD        36,805,000         191,485   
KRW     20,976,345,000      

UBS AG

     06/18/14         USD        19,500,000         (130,602
ZAR     75,055,000      

JPMorgan Chase Bank N.A.

     04/22/14         USD        7,002,201         (105,055
ZAR     25,046,000      

JPMorgan Chase Bank N.A.

     04/22/14         USD        2,321,752         (49,953
ZAR     50,092,000      

UBS AG

     04/22/14         USD        4,650,462         (92,948
ZAR     99,023,598      

JPMorgan Chase Bank N.A.

     06/18/14         USD        8,947,000         (346,764

Cross Currency Contracts to Buy

                          
EUR     4,940,000      

Barclays Bank plc

     06/18/14         HUF        1,556,511,008         (142,956
PLN     29,510,365      

Credit Suisse International

     06/18/14         EUR        6,940,000         152,260   
               

 

 

 

Net Unrealized Depreciation

  

   $ (901,831
               

 

 

 

Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Proceeds     Value  

Fannie Mae 15 Yr. Pool

     2.500     TBA       $ (7,600,000   $ (7,596,437   $ (7,594,063

Fannie Mae 15 Yr. Pool

     4.000     TBA         (20,400,000     (21,665,438     (21,569,016

 

MSF-31


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Forward Sale Commitments—(Continued)

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Proceeds     Value  

Fannie Mae 15 Yr. Pool

     3.500     TBA       $ (40,800,000   $ (42,926,969   $ (42,776,250

Fannie Mae 30 Yr. Pool

     5.000     TBA         (10,900,000     (11,898,031     (11,883,555

Fannie Mae 30 Yr. Pool

     3.000     TBA         (27,705,000     (26,670,391     (26,739,653

Fannie Mae 30 Yr. Pool

     4.500%        TBA         (27,100,000     (28,895,172     (28,908,079

Fannie Mae 30 Yr. Pool

     3.500%        TBA         (20,475,000     (20,602,969     (20,596,570

Freddie Mac 30 Yr. Gold Pool

     3.000%        TBA         (18,400,000     (17,733,000     (17,733,719

Ginnie Mae I 30 Yr. Pool

     3.500%        TBA         (20,000,000     (20,425,000     (20,403,124

Ginnie Mae II 30 Yr. Pool

     5.000%        TBA         (1,200,000     (1,311,187     (1,308,187

Ginnie Mae II 30 Yr. Pool

     4.000%        TBA         (4,700,000     (4,944,547     (4,938,672

Ginnie Mae II 30 Yr. Pool

     4.500%        TBA         (38,500,000     (41,646,172     (41,501,799
         

 

 

   

 

 

 
          $ (246,315,313   $ (245,952,687
         

 

 

   

 

 

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
   Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation/
(Depreciation)
 

U.S. Treasury Long Bond Futures

   06/19/14      931        USD         123,527,381      $ 499,276   

U.S. Treasury Note 2 Year Futures

   06/30/14      964        USD         211,943,024        (284,774

U.S. Treasury Note 5 Year Futures

   06/30/14      40        USD         4,758,451        (326

U.S. Treasury Ultra Long Bond Futures

   06/19/14      774        USD         110,086,335        1,732,477   

Futures Contracts—Short

                       

90 Day Euro Dollar Futures

   12/14/15      (241     USD         (59,625,125     71,012   

Euro Bund Futures

   06/06/14      (14     EUR         (1,999,340     (10,994

U.S. Treasury Note 10 Year Futures

   06/19/14      (2,338     USD         (290,325,242     1,582,242   
            

 

 

 

Net Unrealized Appreciation

  

  $ 3,588,913   
            

 

 

 

Written Options

 

Foreign Currency Written Options

   Strike
Price
     Counterparty      Expiration
Date
     Notional
Amount
    Premiums
Received
    Market
Value
     Unrealized
Appreciation
 

Put - AUD vs USD

   $ 0.825         Deutsche Bank AG         04/10/14       $ (211,246,000   $ (597,734   $       $ 597,734   
             

 

 

   

 

 

    

 

 

 

 

Interest Rate
Swaptions

  Exercise
Rate
 

Counterparty

 

Floating Rate
Index

  Pay/Receive
Floating Rate
  Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Put - OTC - 10 Year Interest Rate Swap

  1.400%   Barclays Bank plc   6-Month JPY-LIBOR   Pay     06/06/14        JPY        (2,020,000,000   $ (49,574   $ (8,357   $ 41,217   

Put - OTC - 10 Year Interest Rate Swap

  1.400%   Barclays Bank plc   6-Month JPY-LIBOR   Pay     06/05/14        JPY        (4,039,000,000     (87,352     (16,099     71,253   

Put - OTC - 10 Year Interest Rate Swap

  1.400%   Bank of America N.A.   6-Month JPY-LIBOR   Pay     06/09/14        JPY        (4,201,000,000     (127,998     (18,031     109,967   

Put - OTC - 1 Year Interest Rate Swap

  12.750%   JPMorgan Chase Bank N.A.   BRL CDI   Pay     07/01/14        BRL        (124,530,000     (58,939     (248,017     (189,078
               

 

 

   

 

 

   

 

 

 

Totals

  

  $ (323,863   $ (290,504   $ 33,359   
               

 

 

   

 

 

   

 

 

 

 

Options on Exchange-Traded Futures Contracts

   Exercise
Price
     Expiration
Date
     Number
of Contracts
    Premiums
Received
    Market
Value
    Unrealized
Depreciation
 

Put - Eurodollar Midcurve 3 Year Futures

   $ 96.375         12/12/14         (1,500   $ (529,006   $ (646,875   $ (117,869
          

 

 

   

 

 

   

 

 

 

 

MSF-32


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Reverse Repurchase Agreements

 

Counterparty

   Interest
Rate
    Settlement
Date
     Maturity
Date
     Principal Amount      Net Closing
Amount
 

Merrill Lynch & Co., Inc.

     (0.05 %)      3/31/14         04/01/14         USD         4,968,750       $ 4,968,750   

BNP Paribas S.A.

     (0.08 %)      3/31/14         04/01/14         USD         14,162,275         14,162,275   

Deutsche Bank Securities

     (0.03 %)      3/31/14         04/01/14         USD         108,992,300         108,992,300   
                

 

 

 

Total

  

   $ 128,123,325   
                

 

 

 

Securities pledged as collateral against open reverse repurchase agreements are noted in the Schedule of Investments.

Swap Agreements

OTC Interest Rate Swap Agreements

 

Pay/Receive
Floating Rate

  Floating
Rate Index
  Fixed
Rate
  Maturity
Date
  

Counterparty

   Notional
Amount
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Receive

  3-Month WIBOR   3.275%   03/26/16    JPMorgan Chase Bank N.A.      PLN        69,505,000      $ (6,585   $      $ (6,585

Receive

  3-Month USD-LIBOR   1.758%   06/25/22    JPMorgan Chase Bank N.A.      USD        18,000,000        1,143,245               1,143,245   

Pay

  6-Month EURIBOR   2.800%   11/10/41    Bank of America N.A.      EUR        8,300,000        833,721               833,721   

Receive

  6-Month EURIBOR   2.783%   11/10/41    Deutsche Bank AG      EUR        8,300,000        (792,306            (792,306

Pay

  BRL CDI   11.766%   01/04/16    Deutsche Bank AG      BRL        34,039,870        (40,293            (40,293

Pay

  MXN TIIE   4.740%   02/08/16    Credit Suisse International      MXN        142,164,855        18,287               18,287   

Pay

  MXN TIIE   4.735%   02/08/16    Deutsche Bank AG      MXN        197,007,816        24,622               24,622   

Pay

  MXN TIIE   4.710%   02/10/16    Deutsche Bank AG      MXN        337,217,786        34,650               34,650   

Pay

  MXN TIIE   4.740%   03/17/16    Bank of America N.A.      MXN        296,480,000        15,910               15,910   

Pay

  MXN TIIE   6.830%   11/03/23    JPMorgan Chase Bank N.A.      MXN        74,615,000        119,239               119,239   
               

 

 

   

 

 

   

 

 

 

Totals

  

  $ 1,350,490      $      $ 1,350,490   
               

 

 

   

 

 

   

 

 

 

Centrally Cleared Interest Rate Swap Agreements

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Appreciation/
(Depreciation)
 

Receive

     3-Month USD-LIBOR         0.648     11/26/16         USD         14,540,000       $ 74,510   

Receive

     3-Month USD-LIBOR         1.701     08/31/18         USD         227,405,000         (148,742

Receive

     3-Month USD-LIBOR         2.820     11/18/23         USD         4,575,000         (8,171

Receive

     6-Month JPY-LIBOR         0.815     11/25/23         JPY         1,963,365,000         (42,610

Receive

     6-Month JPY-LIBOR         0.789     11/28/23         JPY         2,141,850,000         5,288   
                

 

 

 

Total

  

   $ (119,725
                

 

 

 

 

OTC Credit Default Swaps on corporate and sovereign issues—Sell Protection (a)   

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
    Counterparty   Implied Credit
Spread at
March 31,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Republic of Turkey
11.875%, due 01/15/30

    1.000     06/20/19      Barclays Bank plc     2.141     USD        3,200,000      $ (176,093   $ (191,465   $ 15,372   

Barrick Gold Corp.
5.800%, due 11/15/34

    1.000     06/20/21      Credit Suisse
International
    2.403     USD        3,645,000        (321,336     (310,266     (11,070

Transocean, Inc.
7.375%, due 04/15/18

    1.000     03/20/19      Barclays Bank plc     1.566     USD        5,321,180        (141,699     (105,117     (36,582

Transocean, Inc.
7.375%, due 04/15/18

    1.000     03/20/19      JPMorgan Chase
Bank N.A.
    1.566     USD        4,555,000        (121,296     (117,546     (3,750
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (760,424   $ (724,394   $ (36,030
             

 

 

   

 

 

   

 

 

 

 

MSF-33


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

OTC Credit Default Swaps on credit indices—Sell Protection (a)   

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
    Counterparty   Implied Credit
Spread at
March 31,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation
 

Markit CDX Emerging Markets Index, Series 21, Version 1

    5.000     06/20/19      Bank of America N.A.     2.959     USD        10,399,000      $ 990,643      $ 868,317      $ 122,326   

Markit CMBX North America AAA-Rated Index, AM Tranche, Version 2

    0.500     03/15/49      Deutsche Bank AG     N/A        USD        7,025,000        (112,517     (1,031,894     919,377   

Markit CMBX North America AAA-Rated Index, AM Tranche, Version 4

    0.500     02/17/51      Deutsche Bank AG     N/A        USD        2,370,000        (131,822     (359,977     228,155   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 746,304      $ (523,554   $ 1,269,858   
             

 

 

   

 

 

   

 

 

 

 

(a) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c) The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CDI)— Brazil InterBank Deposit Rate
(CAD)— Canadian Dollar
(EUR)— Euro
(EURIBOR)— Euro Interbank Offered Rate
(GBP)— British Pound
(HUF)— Hungarian Forint
(INR)— Indian Rupee
(JPY)— Japanese Yen
(KRW)— South Korea Won
(MXN)— Mexican Peso
(PLN)— Polish Zloty
(TIIE)— InterBank Equilibrium Interest Rate
(USD)— United States Dollar
(WIBOR)— Warsaw Interbank Offered Rate
(ZAR)— South African Rand
(LIBOR)— London Interbank Offered Rate

 

MSF-34


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 2,152,003,817      $ —         $ 2,152,003,817   

Total Corporate Bonds & Notes*

     —          1,060,987,386        —           1,060,987,386   

Total Asset-Backed Securities*

     —          781,356,136        —           781,356,136   

Total Mortgage-Backed Securities*

     —          484,926,227        —           484,926,227   

Total Foreign Government*

     —          83,890,868        —           83,890,868   

Total Municipals

     —          26,734,567        —           26,734,567   

Floating Rate Loans*

     —          7,509,103        7,970,534         15,479,637   

Total Preferred Stocks*

     11,353,815        —          —           11,353,815   
Purchased Options          

Call Options

     —          321,539        —           321,539   

Put Options

     1,533,431        141,494        —           1,674,925   

Total Purchased Options

     1,533,431        463,033        —           1,996,464   

Total Short-Term Investment*

     220,677,690        —          —           220,677,690   

Total Investments

   $ 233,564,936      $ 4,597,871,137      $ 7,970,534       $ 4,839,406,607   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (220,677,690   $ —         $ (220,677,690

Forward Sales Commitments

   $ —        $ (245,952,687   $ —         $ (245,952,687
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 2,186,550      $ —         $ 2,186,550   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (3,088,381     —           (3,088,381

Total Forward Contracts

   $ —        $ (901,831   $ —         $ (901,831
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 3,885,007      $ —        $ —         $ 3,885,007   

Futures Contracts (Unrealized Depreciation)

     (296,094     —          —           (296,094

Total Futures Contracts

   $ 3,588,913      $ —        $ —         $ 3,588,913   
Written Options          

Foreign Currency Written Options at Value

   $ —        $ 0      $ —         $ 0   

Interest Rate Swaptions at Value

     —          (290,504     —           (290,504

Options on Exchange-Traded Futures Contracts at Value

     (646,875     —          —           (646,875

Total Written Options

   $ (646,875   $ (290,504   $ —         $ (937,379
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 79,798      $ —         $ 79,798   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (199,523     —           (199,523

Total Centrally Cleared Swap Contracts

   $ —        $ (119,725   $ —         $ (119,725

 

MSF-35


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
OTC Swap Contracts           

OTC Swap Contracts at Value (Assets)

   $ —         $ 3,180,317      $ —         $ 3,180,317   

OTC Swap Contracts at Value (Liabilities)

     —           (1,843,947     —           (1,843,947

Total OTC Swap Contracts

   $ —         $ 1,336,370      $ —         $ 1,336,370   

Total Reverse Repurchase Agreements (Liability)

   $ —         $ (128,123,325   $ —         $ (128,123,325

 

* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities

   Balance as of
December 31,
2013
     Accrued
Discount/
(Premium)
     Change in
Unrealized
Depreciation
    Transfers
in to
Level 3
     Balance as of
March 31,
2014
     Change in Unrealized
Depreciation from
investments still held at
March 31, 2014
 

Floating Rate Loans

   $ —         $ 3,596       $ (93,062   $ 8,060,000       $ 7,970,534       $ (93,062
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ —         $ 3,596       $ (93,062   $ 8,060,000       $ 7,970,534       $ (93,062
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Floating rate loans in the amount of $8,060,000 were transferred into Level 3 due to a decline in market activity for significant observables which resulted in a lack of available market inputs to determine price.

 

MSF-36


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—96.4% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—4.9%

  

Precision Castparts Corp.

    222,791      $ 56,312,653   

United Technologies Corp.

    362,013        42,297,599   
   

 

 

 
      98,610,252   
   

 

 

 

Airlines—0.8%

  

American Airlines Group, Inc. (a)

    447,634        16,383,404   
   

 

 

 

Auto Components—1.5%

  

Delphi Automotive plc

    455,456        30,907,244   
   

 

 

 

Biotechnology—6.3%

  

Gilead Sciences, Inc. (a)

    822,807        58,304,104   

Regeneron Pharmaceuticals, Inc. (a)

    94,267        28,306,495   

United Therapeutics Corp. (a)

    420,760        39,564,063   
   

 

 

 
      126,174,662   
   

 

 

 

Chemicals—2.7%

  

Eastman Chemical Co.

    272,776        23,516,019   

Monsanto Co.

    271,459        30,883,890   
   

 

 

 
      54,399,909   
   

 

 

 

Consumer Finance—1.0%

  

Discover Financial Services

    335,845        19,542,821   
   

 

 

 

Diversified Financial Services—2.6%

  

IntercontinentalExchange Group, Inc.

    124,231        24,576,619   

Moody’s Corp.

    339,088        26,896,460   
   

 

 

 
      51,473,079   
   

 

 

 

Diversified Telecommunication Services—1.0%

  

Vivendi S.A.

    748,276        20,874,547   
   

 

 

 

Electrical Equipment—5.1%

  

Eaton Corp. plc

    659,563        49,546,372   

Emerson Electric Co.

    410,447        27,417,860   

Roper Industries, Inc.

    114,794        15,326,147   

SolarCity Corp. (a) (b)

    160,056        10,022,707   
   

 

 

 
      102,313,086   
   

 

 

 

Energy Equipment & Services—1.6%

  

FMC Technologies, Inc. (a)

    631,230        33,007,017   
   

 

 

 

Food Products—1.0%

  

Mondelez International, Inc - Class A

    567,370        19,602,633   
   

 

 

 

Health Care Equipment & Supplies—1.1%

  

Intuitive Surgical, Inc. (a)

    48,703        21,331,427   
   

 

 

 

Hotels, Restaurants & Leisure—4.6%

  

Starbucks Corp.

    629,215        46,171,797   

Wynn Resorts, Ltd.

    209,424        46,523,541   
   

 

 

 
      92,695,338   
   

 

 

 

Internet & Catalog Retail—7.6%

  

Amazon.com, Inc. (a)

    192,838      $ 64,893,844   

Expedia, Inc.

    224,084        16,246,090   

priceline.com, Inc. (a)

    47,853        57,035,512   

TripAdvisor, Inc. (a)

    155,823        14,116,005   
   

 

 

 
      152,291,451   
   

 

 

 

Internet Software & Services—14.5%

  

AOL, Inc. (a)

    391,810        17,149,524   

eBay, Inc. (a)

    352,290        19,460,500   

Facebook, Inc. - Class A (a)

    397,125        23,922,810   

Google, Inc. - Class A (a)

    89,997        100,302,556   

LinkedIn Corp. - Class A (a)

    189,215        34,993,422   

Twitter, Inc. (a) (b)

    259,939        12,131,353   

Yahoo!, Inc. (a)

    1,511,692        54,269,743   

Yelp, Inc. (a)

    375,923        28,919,756   
   

 

 

 
      291,149,664   
   

 

 

 

IT Services—7.1%

  

Alliance Data Systems Corp. (a) (b)

    128,183        34,923,459   

MasterCard, Inc. - Class A

    381,693        28,512,467   

Visa, Inc. - Class A

    370,719        80,023,403   
   

 

 

 
      143,459,329   
   

 

 

 

Media—12.1%

  

Comcast Corp. - Class A

    1,337,915        66,922,508   

Liberty Global plc - Class A (a)

    1,183,866        49,248,826   

Time Warner, Inc.

    682,113        44,562,442   

Twenty-First Century Fox, Inc. - Class A

    1,141,173        36,483,301   

Walt Disney Co. (The)

    590,954        47,317,687   
   

 

 

 
      244,534,764   
   

 

 

 

Oil, Gas & Consumable Fuels—1.9%

  

Concho Resources, Inc. (a)

    155,090        18,998,525   

Laredo Petroleum, Inc. (a) (b)

    761,130        19,682,822   
   

 

 

 
      38,681,347   
   

 

 

 

Personal Products—1.2%

  

Estee Lauder Cos., Inc. (The) - Class A

    355,009        23,743,002   
   

 

 

 

Pharmaceuticals—5.8%

  

AbbVie, Inc.

    962,578        49,476,509   

Allergan, Inc.

    149,501        18,553,074   

Valeant Pharmaceuticals International, Inc. (a)

    374,538        49,375,345   
   

 

 

 
      117,404,928   
   

 

 

 

Professional Services—0.8%

  

Verisk Analytics, Inc. - Class A (a)

    257,375        15,432,205   
   

 

 

 

Road & Rail—2.7%

  

Union Pacific Corp.

    291,795        54,758,250   
   

 

 

 

Software—3.4%

  

Autodesk, Inc. (a)

    705,337        34,688,474   

VMware, Inc. - Class A (a) (b)

    318,359        34,389,139   
   

 

 

 
      69,077,613   
   

 

 

 

 

MSF-37


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Specialty Retail—0.5%

  

Lumber Liquidators Holdings, Inc. (a) (b)

    111,395      $ 10,448,851   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.1%

  

NIKE, Inc. - Class B

    571,247        42,192,303   
   

 

 

 

Wireless Telecommunication Services—2.5%

  

SoftBank Corp.

    658,700        49,678,773   
   

 

 

 

Total Common Stocks
(Cost $1,629,539,694)

      1,940,167,899   
   

 

 

 
Preferred Stock—0.8%   

Software—0.8%

  

Palantir Technologies, Inc. - Series I (a) (c) (d)
(Cost $15,555,194)

    2,537,552        15,555,194   
   

 

 

 
Short-Term Investments—8.4%   

Mutual Fund—5.2%

  

State Street Navigator Securities Lending MET Portfolio (e)

    104,304,725        104,304,725   
   

 

 

 

Repurchase Agreement—3.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $65,457,000 on 04/01/14, collateralized by $67,740,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $66,766,441.

    65,457,000        65,457,000   
   

 

 

 

Total Short-Term Investments
(Cost $169,761,725)

      169,761,725   
   

 

 

 

Total Investments—105.6%
(Cost $1,814,856,613) (f)

      2,125,484,818   

Other assets and liabilities (net)—(5.6)%

      (113,256,289
   

 

 

 
Net Assets—100.0%     $ 2,012,228,529   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $114,818,309 and the collateral received consisted of cash in the amount of $104,304,725 and non-cash collateral with a value of $14,972,780. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent 0.8% of net assets.
(d) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of March 31, 2014, the market value of restricted securities was $15,555,194, which is 0.8% of net assets. See details shown in the Restricted Securities table that follows.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of March 31, 2014, the aggregate cost of investments was $1,814,856,613. The aggregate unrealized appreciation and depreciation of investments were $322,785,064 and $(12,156,859), respectively, resulting in net unrealized appreciation of $310,628,205.

 

Restricted Securities

   Acquisition
Date
   Shares      Cost      Value  

Palantir Technologies, Inc. - Series 1

   02/07/14      2,537,552       $ 15,555,194       $ 15,555,194   

Forward Foreign Currency Exchange Contracts

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation
 
JPY     3,822,755,696      

Royal Bank of Scotland plc

     05/28/14       $ 37,386,437       $ 338,563   
             

 

 

 

 

(JPY)— Japanese Yen

 

MSF-38


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 98,610,252       $ —        $ —         $ 98,610,252   

Airlines

     16,383,404         —          —           16,383,404   

Auto Components

     30,907,244         —          —           30,907,244   

Biotechnology

     126,174,662         —          —           126,174,662   

Chemicals

     54,399,909         —          —           54,399,909   

Consumer Finance

     19,542,821         —          —           19,542,821   

Diversified Financial Services

     51,473,079         —          —           51,473,079   

Diversified Telecommunication Services

     —           20,874,547        —           20,874,547   

Electrical Equipment

     102,313,086         —          —           102,313,086   

Energy Equipment & Services

     33,007,017         —          —           33,007,017   

Food Products

     19,602,633         —          —           19,602,633   

Health Care Equipment & Supplies

     21,331,427         —          —           21,331,427   

Hotels, Restaurants & Leisure

     92,695,338         —          —           92,695,338   

Internet & Catalog Retail

     152,291,451         —          —           152,291,451   

Internet Software & Services

     291,149,664         —          —           291,149,664   

IT Services

     143,459,329         —          —           143,459,329   

Media

     244,534,764         —          —           244,534,764   

Oil, Gas & Consumable Fuels

     38,681,347         —          —           38,681,347   

Personal Products

     23,743,002         —          —           23,743,002   

Pharmaceuticals

     117,404,928         —          —           117,404,928   

Professional Services

     15,432,205         —          —           15,432,205   

Road & Rail

     54,758,250         —          —           54,758,250   

Software

     69,077,613         —          —           69,077,613   

Specialty Retail

     10,448,851         —          —           10,448,851   

Textiles, Apparel & Luxury Goods

     42,192,303         —          —           42,192,303   

Wireless Telecommunication Services

     —           49,678,773        —           49,678,773   

Total Common Stocks

     1,869,614,579         70,553,320        —           1,940,167,899   

Total Preferred Stock*

     —           —          15,555,194         15,555,194   
Short-Term Investments           

Mutual Fund

     104,304,725         —          —           104,304,725   

Repurchase Agreement

     —           65,457,000        —           65,457,000   

Total Short-Term Investments

     104,304,725         65,457,000        —           169,761,725   

Total Investments

   $ 1,973,919,304       $ 136,010,320      $ 15,555,194       $ 2,125,484,818   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (104,304,725   $ —         $ (104,304,725
Forward Contracts           

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —         $ 338,563      $ —         $ 338,563   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-39


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities    Balance as of
December 31, 2013
     Purchases      Balance as of
March 31, 2014
     Change in Unrealized
Appreciation/(Depreciation)
from Investments still held at
March 31, 2014
 
Preferred Stocks            

Software

   $       $ 15,555,194       $ 15,555,194       $   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $       $ 15,555,194       $ 15,555,194       $   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-40


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.8% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.7%

  

Honeywell International, Inc.

    98,100      $ 9,099,756   

Northrop Grumman Corp.

    151,700        18,716,746   

Raytheon Co.

    256,975        25,386,560   
   

 

 

 
      53,203,062   
   

 

 

 

Airlines—0.5%

  

Delta Air Lines, Inc.

    299,900        10,391,535   
   

 

 

 

Auto Components—1.7%

  

Lear Corp.

    292,700        24,504,844   

TRW Automotive Holdings Corp. (a)

    114,148        9,316,760   
   

 

 

 
      33,821,604   
   

 

 

 

Automobiles—1.7%

  

General Motors Co.

    964,100        33,184,322   
   

 

 

 

Banks—11.6%

  

Citigroup, Inc.

    1,551,451        73,849,068   

JPMorgan Chase & Co.

    1,471,737        89,349,153   

Regions Financial Corp.

    1,624,321        18,046,206   

Wells Fargo & Co.

    1,020,900        50,779,566   
   

 

 

 
      232,023,993   
   

 

 

 

Capital Markets—1.1%

  

Morgan Stanley

    521,200        16,245,804   

State Street Corp.

    78,900        5,487,495   
   

 

 

 
      21,733,299   
   

 

 

 

Chemicals—2.8%

  

Akzo Nobel NV (ADR) (b)

    708,100        19,309,887   

Ashland, Inc.

    133,100        13,240,788   

Cabot Corp.

    43,900        2,592,734   

Celanese Corp. - Series A

    78,200        4,340,882   

Huntsman Corp.

    34,000        830,280   

LyondellBasell Industries NV - Class A

    177,800        15,813,532   
   

 

 

 
      56,128,103   
   

 

 

 

Communications Equipment—3.8%

  

Cisco Systems, Inc.

    2,525,900        56,605,419   

Telefonaktiebolaget LM Ericsson (ADR) (b)

    1,502,600        20,029,658   
   

 

 

 
      76,635,077   
   

 

 

 

Consumer Finance—4.6%

  

Capital One Financial Corp.

    619,300        47,785,188   

Discover Financial Services

    772,650        44,960,503   
   

 

 

 
      92,745,691   
   

 

 

 

Containers & Packaging—0.1%

  

Crown Holdings, Inc. (a)

    68,300        3,055,742   
   

 

 

 

Diversified Financial Services—1.4%

  

NASDAQ OMX Group, Inc. (The)

    746,875        27,589,563   
   

 

 

 

Diversified Telecommunication Services—0.1%

  

Verizon Communications, Inc.

    25,400      1,208,278   
   

 

 

 

Electric Utilities—0.6%

  

Edison International

    221,310        12,528,359   
   

 

 

 

Electronic Equipment, Instruments & Components—0.7%

  

Avnet, Inc.

    114,300        5,318,379   

Corning, Inc. (b)

    449,300        9,354,426   
   

 

 

 
      14,672,805   
   

 

 

 

Energy Equipment & Services—0.2%

  

Halliburton Co.

    77,500        4,563,975   
   

 

 

 

Food & Staples Retailing—2.9%

  

CVS Caremark Corp.

    150,150        11,240,229   

Kroger Co. (The)

    1,054,200        46,015,830   
   

 

 

 
      57,256,059   
   

 

 

 

Food Products—0.5%

  

ConAgra Foods, Inc.

    300,800        9,333,824   
   

 

 

 

Gas Utilities—0.7%

  

UGI Corp.

    309,000        14,093,490   
   

 

 

 

Health Care Equipment & Supplies—6.7%

  

Baxter International, Inc.

    143,400        10,551,372   

Hologic, Inc. (a)

    370,200        7,959,300   

Medtronic, Inc.

    1,111,500        68,401,710   

St. Jude Medical, Inc.

    238,667        15,606,435   

Zimmer Holdings, Inc.

    334,400        31,627,552   
   

 

 

 
      134,146,369   
   

 

 

 

Health Care Providers & Services—1.1%

  

Express Scripts Holding Co. (a)

    5,300        397,977   

Quest Diagnostics, Inc. (b)

    365,000        21,140,800   
   

 

 

 
      21,538,777   
   

 

 

 

Household Durables—1.2%

  

Newell Rubbermaid, Inc.

    723,500        21,632,650   

Tupperware Brands Corp. (b)

    33,800        2,831,088   
   

 

 

 
      24,463,738   
   

 

 

 

Household Products—1.3%

  

Energizer Holdings, Inc.

    268,000        26,998,320   
   

 

 

 

Independent Power and Renewable Electricity Products—1.8%

  

AES Corp.

    2,457,700        35,095,956   
   

 

 

 

Industrial Conglomerates—0.1%

  

General Electric Co.

    78,700        2,037,543   
   

 

 

 

Insurance—9.3%

  

ACE, Ltd.

    123,600        12,243,816   

Aflac, Inc.

    230,400        14,524,416   

 

MSF-41


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—(Continued)

  

Genworth Financial, Inc. - Class A (a)

    1,867,200      $ 33,105,456   

Hartford Financial Services Group, Inc. (The)

    696,900        24,579,663   

Lincoln National Corp.

    583,700        29,576,079   

Prudential Financial, Inc.

    404,100        34,207,065   

Travelers Cos., Inc. (The)

    262,000        22,296,200   

XL Group plc

    531,100        16,596,875   
   

 

 

 
      187,129,570   
   

 

 

 

IT Services—1.9%

  

Total System Services, Inc.

    112,700        3,427,207   

Western Union Co. (The) (b)

    1,057,700        17,303,972   

Xerox Corp.

    1,555,500        17,577,150   
   

 

 

 
      38,308,329   
   

 

 

 

Machinery—0.4%

  

Stanley Black & Decker, Inc.

    90,100        7,319,724   
   

 

 

 

Media—4.1%

  

CBS Outdoor Americas, Inc. (a)

    75,100        2,196,675   

Comcast Corp. - Special Class A

    33,000        1,609,080   

Interpublic Group of Cos., Inc. (The)

    383,100        6,566,334   

Time Warner, Inc.

    412,300        26,935,559   

Viacom, Inc. - Class B

    527,800        44,857,722   
   

 

 

 
      82,165,370   
   

 

 

 

Metals & Mining—0.4%

  

Reliance Steel & Aluminum Co.

    118,300        8,359,078   

Steel Dynamics, Inc.

    11,100        197,469   
   

 

 

 
      8,556,547   
   

 

 

 

Multi-Utilities—0.1%

  

PG&E Corp.

    42,600        1,840,320   
   

 

 

 

Multiline Retail—0.8%

  

Kohl’s Corp.

    206,300        11,717,840   

Macy’s, Inc.

    58,100        3,444,749   
   

 

 

 
      15,162,589   
   

 

 

 

Oil, Gas & Consumable Fuels—14.8%

  

Apache Corp.

    520,100        43,142,295   

Cobalt International Energy, Inc. (a)

    554,100        10,151,112   

Exxon Mobil Corp.

    260,825        25,477,386   

Gulfport Energy Corp. (a)

    333,500        23,738,530   

Marathon Oil Corp.

    2,002,800        71,139,456   

Marathon Petroleum Corp.

    367,826        32,015,575   

Suncor Energy, Inc.

    833,500        29,139,160   

Total S.A. (ADR)

    447,300        29,342,880   

Valero Energy Corp.

    617,600        32,794,560   
   

 

 

 
      296,940,954   
   

 

 

 

Pharmaceuticals—10.7%

  

AstraZeneca plc (ADR) (b)

    596,100        38,674,968   

Eli Lilly & Co.

    769,725        45,306,014   

Hospira, Inc. (a)

    461,000        19,938,250   

Pharmaceuticals—(Continued)

  

Johnson & Johnson

    127,875      12,561,161   

Pfizer, Inc.

    2,251,875        72,330,225   

Teva Pharmaceutical Industries, Ltd. (ADR)

    473,400        25,014,456   
   

 

 

 
      213,825,074   
   

 

 

 

Real Estate Management & Development—0.8%

  

CBRE Group, Inc. - Class A (a)

    161,300        4,424,459   

Jones Lang LaSalle, Inc.

    94,900        11,245,650   
   

 

 

 
      15,670,109   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.2%

  

KLA-Tencor Corp.

    112,700        7,792,078   

Teradyne, Inc. (a) (b)

    773,408        15,383,085   
   

 

 

 
      23,175,163   
   

 

 

 

Software—4.3%

  

Microsoft Corp.

    1,353,100        55,463,569   

Oracle Corp.

    460,100        18,822,691   

Symantec Corp.

    639,400        12,768,818   
   

 

 

 
      87,055,078   
   

 

 

 

Specialty Retail—0.5%

  

GNC Holdings, Inc. - Class A

    238,300        10,489,966   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.1%

  

Apple, Inc.

    3,600        1,932,264   
   

 

 

 

Wireless Telecommunication Services—0.5%

  

Telephone & Data Systems, Inc.

    254,400        6,667,824   

United States Cellular Corp.

    83,200        3,412,032   
   

 

 

 
      10,079,856   
   

 

 

 

Total Common Stocks
(Cost $1,791,482,765)

      1,998,100,397   
   

 

 

 
Convertible Preferred Stock—0.1%   

Machinery—0.1%

  

Stanley Black & Decker, Inc. (b)
(Cost $1,379,332)

    13,600        1,467,984   
   

 

 

 
Short-Term Investments—3.5%   

Mutual Fund—3.3%

  

State Street Navigator Securities Lending MET Portfolio (c)

    66,722,702        66,722,702   
   

 

 

 

 

MSF-42


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $4,921,000 on 04/01/14, collateralized by $5,095,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $5,021,775.

    4,921,000      $ 4,921,000   
   

 

 

 

Total Short-Term Investments
(Cost $71,643,702)

      71,643,702   
   

 

 

 

Total Investments—103.4%
(Cost $1,864,505,799) (d)

      2,071,212,083   

Other assets and liabilities (net)—(3.4)%

      (69,005,432
   

 

 

 
Net Assets—100.0%     $ 2,002,206,651   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $65,676,696 and the collateral received consisted of cash in the amount of $66,722,702. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $1,864,505,799. The aggregate unrealized appreciation and depreciation of investments were $229,853,296 and $(23,147,012), respectively, resulting in net unrealized appreciation of $206,706,284.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,998,100,397       $ —        $ —         $ 1,998,100,397   

Total Convertible Preferred Stock*

     1,467,984         —          —           1,467,984   
Short-Term Investments           

Mutual Fund

     66,722,702         —          —           66,722,702   

Repurchase Agreement

     —           4,921,000        —           4,921,000   

Total Short-Term Investments

     66,722,702         4,921,000        —           71,643,702   

Total Investments

   $ 2,066,291,083       $ 4,921,000      $ —         $ 2,071,212,083   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (66,722,702   $ —         $ (66,722,702

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-43


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Certificate of Deposit—38.7% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Foreign Banks Yankee Dollar—33.7%

  

Bank of Montreal (Chicago)

   

0.225%, 09/05/14 (a)

    10,000,000      $ 10,000,000   

Bank of Nova Scotia (Houston)

   

0.204%, 10/07/14 (a)

    18,000,000        18,000,000   

0.270%, 08/08/14 (a)

    5,000,000        5,000,000   

Bank of Tokyo Mitsubishi UFJ, Ltd. (NY)

   

0.210%, 05/28/14

    12,000,000        12,000,000   

0.245%, 08/27/14

    20,000,000        19,999,590   

BNP Paribas S.A. (NY)

   

0.284%, 05/09/14

    7,000,000        7,000,000   

0.300%, 08/04/14

    8,000,000        8,000,000   

0.650%, 06/03/14

    11,750,000        11,758,195   

Canadian Imperial Bank of
Commerce (NY)

   

0.233%, 06/13/14 (a)

    2,900,000        2,900,000   

Credit Agricole CIB (NY)

   

0.120%, 04/01/14

    55,000,000        55,000,000   

Credit Suisse (NY)

   

0.260%, 04/22/14

    14,000,000        14,000,000   

0.307%, 06/06/14 (a)

    5,000,000        5,000,000   

Deutsche Bank AG (NY)

   

0.250%, 04/30/14 (a)

    10,000,000        10,000,000   

0.300%, 08/22/14 (a)

    10,000,000        10,000,000   

Mizuho Bank, Ltd. (NY)

   

0.200%, 06/23/14

    10,000,000        10,000,000   

0.220%, 05/21/14

    10,000,000        10,000,000   

National Australia Bank, Ltd. (NY)

   

0.237%, 08/13/14 (a)

    5,000,000        5,000,000   

0.237%, 08/08/14 (a)

    8,000,000        8,000,331   

National Bank of Canada (NY)

   

0.254%, 12/24/14 (a)

    5,000,000        5,000,000   

0.260%, 12/19/14

    4,400,000        4,400,000   

Natixis (NY)

   

0.277%, 06/04/14 (a)

    10,000,000        9,999,564   

Norinchukin Bank (NY)

   

0.100%, 04/02/14

    28,000,000        28,000,000   

Rabobank Nederland (NY)

   

0.268%, 09/16/14 (a)

    29,000,000        29,000,000   

0.276%, 02/03/15 (a)

    15,000,000        15,000,000   

0.350%, 01/12/15

    14,000,000        14,000,000   

Royal Bank of Canada (NY)

   

0.235%, 10/23/14

    7,000,000        7,000,000   

0.250%, 02/04/15 (a)

    5,000,000        5,000,000   

0.270%, 10/10/14 (a)

    5,500,000        5,500,000   

Skandinaviska Enskilda Banken (NY)

   

0.250%, 07/14/14

    7,000,000        7,000,000   

Societe Generale (NY)

   

0.290%, 05/02/14

    4,700,000        4,700,000   

0.326%, 06/04/14 (a)

    8,000,000        8,000,000   

Sumitomo Mitsui Banking Corp. (NY)

   

0.220%, 06/10/14

    19,000,000        19,000,000   

Sumitomo Mitsui Trust Bank, Ltd. (NY)

   

0.220%, 04/04/14

    10,000,000        10,000,000   

Toronto Dominion Bank (NY)

   

0.225%, 07/24/14 (a)

    8,000,000        8,000,000   

0.240%, 09/04/14

    10,000,000        10,000,000   

Foreign Banks Yankee Dollar—(Continued)

  

Toronto Dominion Bank (NY)

   

0.250%, 08/12/14

    12,000,000      12,000,000   

0.250%, 10/08/14

    3,000,000        3,000,000   

Westpac Banking Corp. (NY)

   

0.224%, 10/08/14 (a)

    10,000,000        10,000,000   

0.233%, 08/28/14 (a)

    7,000,000        7,000,000   

0.280%, 04/15/14 (a)

    14,500,000        14,500,000   
   

 

 

 
      457,757,680   
   

 

 

 

Domestic Banks—3.2%

   

Citibank N.A.

   

0.230%, 08/06/14

    10,000,000        10,000,000   

Wells Fargo Bank N.A.

   

0.224%, 11/26/14 (a)

    12,000,000        12,000,000   

0.240%, 03/13/15 (a)

    7,000,000        7,000,000   

0.250%, 09/09/14 (a)

    5,000,000        5,000,447   

0.250%, 02/12/15 (a)

    5,000,000        5,000,000   

0.250%, 02/17/15 (a)

    5,000,000        5,000,000   
   

 

 

 
      44,000,447   
   

 

 

 

Foreign Banks Eurodollar—1.8%

   

Australia & New Zealand Banking
Group, Ltd.

   

0.224%, 02/25/15

    10,000,000        10,000,000   

National Australia Bank, Ltd. (London)

   

0.255%, 10/23/14

    14,000,000        14,000,000   
   

 

 

 
      24,000,000   
   

 

 

 

Total Certificate of Deposit
(Cost $525,758,127)

      525,758,127   
   

 

 

 
Financial Company Commercial Paper (b)—24.3%   

Bank of Tokyo Mitsubishi UFJ, Ltd. (NY)

   

0.101%, 04/03/14

    15,000,000        14,999,917   

BNP Paribas Finance, Inc.

   

0.203%, 04/14/14

    8,000,000        7,999,422   

0.213%, 05/06/14

    4,000,000        3,999,183   

0.325%, 06/10/14

    5,000,000        4,996,889   

0.335%, 06/06/14

    8,000,000        7,995,160   

BPCE S.A.

   

0.274%, 05/01/14

    5,150,000        5,148,841   

0.289%, 05/01/14

    6,000,000        5,998,575   

Commonwealth Bank of Australia

   

0.233%, 03/23/15 (144A)

    10,000,000        10,000,000   

0.235%, 05/15/14

    10,000,000        10,000,000   

0.235%, 11/20/14

    3,000,000        3,000,000   

0.237%, 05/02/14

    8,000,000        8,000,000   

Credit Suisse (NY)

   

0.183%, 04/24/14

    5,500,000        5,499,368   

HSBC Bank plc

   

0.233%, 10/30/14

    13,000,000        13,000,000   

0.245%, 10/22/14 (144A)

    13,000,000        13,000,000   

0.254%, 09/09/14 (144A)

    6,000,000        6,000,000   

0.257%, 09/11/14

    7,000,000        7,000,000   

 

MSF-44


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Financial Company Commercial Paper (b)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Macquarie Bank, Ltd.

   

0.284%, 08/19/14

    5,000,000      $ 4,994,556   

Mizuho Funding LLC

   

0.228%, 05/06/14

    9,750,000        9,747,867   

National Australia Funding Delaware, Inc.

   

0.224%, 03/10/15 (144A)

    5,000,000        5,000,000   

0.226%, 03/13/15

    5,000,000        5,000,000   

Nederlandse Waterschapsbank NV

   

0.206%, 08/13/14

    10,000,000        10,000,000   

0.236%, 11/03/14

    8,000,000        8,000,000   

0.275%, 07/28/14

    2,000,000        2,000,131   

0.276%, 07/30/14

    2,000,000        2,000,133   

Nordea Bank AB

   

0.218%, 08/26/14

    10,000,000        9,991,221   

0.244%, 08/12/14

    15,000,000        14,986,700   

NRW Bank

   

0.127%, 04/17/14

    20,000,000        19,998,889   

Skandinaviska Enskilda Banken AB

   

0.279%, 04/09/14

    14,000,000        13,999,144   

0.279%, 05/07/14

    11,000,000        10,996,975   

Societe Generale North America, Inc.

   

0.249%, 05/02/14

    16,000,000        15,996,624   

Sumitomo Mitsui Banking Corp.

   

0.061%, 04/03/14

    25,000,000        24,999,917   

0.061%, 04/07/14

    10,000,000        9,999,900   

Svenska Handelsbanken, Inc.

   

0.208%, 05/08/14

    20,000,000        19,995,786   

Westpac Banking Corp.

   

0.224%, 10/30/14

    15,000,000        15,000,000   
   

 

 

 

Total Financial Company Commercial Paper
(Cost $329,345,198)

      329,345,198   
   

 

 

 
Asset Backed Commercial Paper (b)—20.7%   

Antalis U.S. Funding Corp.

   

0.223%, 05/12/14

    9,000,000        8,997,745   

0.244%, 05/09/14

    5,700,000        5,698,556   

Barton Capital LLC

   

0.061%, 04/01/14

    30,000,000        30,000,000   

0.061%, 04/03/14

    20,000,000        19,999,933   

0.061%, 04/07/14

    7,000,000        6,999,930   

Bedford Row Funding Corp.

   

0.253%, 03/12/15

    10,000,000        10,000,000   

0.254%, 11/05/14

    8,000,000        7,987,889   

0.274%, 07/01/14

    10,000,000        9,993,175   

0.305%, 11/25/14

    5,000,000        4,990,083   

CAFCO LLC

   

0.244%, 08/04/14

    8,500,000        8,492,917   

0.244%, 08/12/14

    7,500,000        7,493,350   

0.244%, 08/19/14

    8,000,000        7,992,533   

Collateralized Commercial Paper Co. LLC

   

0.284%, 09/24/14

    10,000,000        9,986,311   

Collateralized Commercial Paper II Co. LLC

   

0.264%, 06/10/14

    3,000,000        2,998,483   

0.284%, 07/02/14

    10,000,000        9,992,845   

0.284%, 08/01/14

    10,000,000        9,990,511   

Fairway Finance Co. LLC

   

0.152%, 05/01/14

    10,000,000      9,998,750   

0.187%, 08/06/14

    10,000,000        10,000,000   

Gemini Securitization Corp. LLC

   

0.101%, 04/01/14

    25,000,000        25,000,000   

Jupiter Securitization Co. LLC

   

0.234%, 06/02/14

    5,000,000        4,998,020   

Kells Funding LLC

   

0.239%, 10/15/14 (144A)

    5,000,000        4,999,726   

Old Line Funding LLC

   

0.223%, 07/25/14

    8,000,000        7,994,378   

0.234%, 06/09/14

    3,000,000        2,998,678   

0.234%, 09/15/14

    7,000,000        6,992,531   

Salisbury Receivables Co. LLC

   

0.193%, 04/22/14

    7,000,000        6,999,224   

Scaldis Capital LLC

   

0.193%, 06/23/14

    5,000,000        4,997,810   

Starbird Funding Corp.

   

0.223%, 06/16/14

    9,600,000        9,595,541   

Victory Receivables Corp.

   

0.142%, 04/01/14

    5,000,000        5,000,000   

0.142%, 04/28/14

    20,000,000        19,997,900   
   

 

 

 

Total Asset Backed Commercial Paper
(Cost $281,186,819)

      281,186,819   
   

 

 

 
Treasury Debt—10.1%   

U.S. Treasury Bills

   

0.021%, 04/24/14 (b)

    15,000,000        14,999,804   

0.025%, 04/10/14 (b)

    20,000,000        19,999,875   

0.041%, 04/17/14 (b)

    30,000,000        29,999,467   

0.076%, 08/21/14 (b)

    7,763,000        7,760,703   

0.084%, 09/11/14 (b)

    15,000,000        14,994,397   

0.122%, 03/05/15 (b)

    5,750,000        5,743,495   

0.132%, 03/05/15 (b)

    8,000,000        7,990,236   

U.S. Treasury Notes

   

0.250%, 10/31/14

    11,000,000        11,007,471   

2.375%, 10/31/14

    14,000,000        14,180,691   

4.750%, 05/15/14

    10,000,000        10,055,359   
   

 

 

 

Total Treasury Debt
(Cost $136,731,498)

      136,731,498   
   

 

 

 
Other Commercial Paper (b)—2.4%   

Netjets, Inc.

   

0.041%, 04/02/14

    25,000,000        24,999,972   

CPPIB Capital, Inc.

   

0.305%, 02/09/15

    7,000,000        6,981,684   
   

 

 

 

Total Other Commercial Paper
(Cost $31,981,656)

      31,981,656   
   

 

 

 

 

MSF-45


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Government Agency Repurchase Agreement—2.0%

 

Security Description   Principal
Amount*
    Value  

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 03/31/14 at 0.080% to be repurchased at $27,580,061 on 04/01/14 collateralized by $27,579,892 U.S. Government Agency obligations with a rates ranging from of 0.500% - 5.375%, maturity dates ranging from 07/15/14 - 06/27/17 with a value of $28,132,104

    27,580,000      $ 27,580,000   
   

 

 

 

Total Government Agency
Repurchase Agreement
(Cost $27,580,000)

      27,580,000   
   

 

 

 
Government Agency Debt—1.1%   

Fannie Mae

   

0.124%, 02/27/15 (a)

    15,000,000        14,996,569   
   

 

 

 

Total Government Agency Debt
(Cost $14,996,569)

      14,996,569   
   

 

 

 
Other Note—0.8%   
Security Description   Principal
Amount*
    Value  

Svenska Handelsbanken AB

   

0.265%, 05/13/16 (144A) (a)

    11,100,000      11,100,000   
   

 

 

 

Total Other Note
(Cost $11,100,000)

      11,100,000   
   

 

 

 

Total Investments—100.1%
(Cost $1,358,679,867) (c)

      1,358,679,867   

Other assets and liabilities (net)—(0.1)%

      (1,307,481
   

 

 

 

Net Assets—100.0%

    $ 1,357,372,386   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(b) The rate shown represents the discount rate at the time of purchase by the Portfolio.
(c) As of March 31, 2014, the aggregate cost of investments was $1,358,679,867.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $50,099,726, which is 3.7% of net assets.

 

MSF-46


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Certificate of Deposit*

   $ —         $ 525,758,127       $ —         $ 525,758,127   

Financial Company Commercial Paper

     —           329,345,198         —           329,345,198   

Asset Backed Commercial Paper

     —           281,186,819         —           281,186,819   

Treasury Debt

     —           136,731,498         —           136,731,498   

Other Commercial Paper

     —           31,981,656         —           31,981,656   

Government Agency Repurchase Agreement

     —           27,580,000         —           27,580,000   

Government Agency Debt

     —           14,996,569         —           14,996,569   

Other Note

     —           11,100,000         —           11,100,000   

Total Investments

   $ —         $ 1,358,679,867       $ —         $ 1,358,679,867   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-47


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—3.0%

  

BE Aerospace, Inc. (a)

    452,780      $ 39,296,776   
   

 

 

 

Airlines—2.9%

  

American Airlines Group, Inc. (a)

    372,100        13,618,860   

Spirit Airlines, Inc. (a)

    183,348        10,890,871   

United Continental Holdings, Inc. (a)

    298,810        13,335,890   
   

 

 

 
      37,845,621   
   

 

 

 

Auto Components—3.1%

  

Delphi Automotive plc

    321,770        21,835,312   

TRW Automotive Holdings Corp. (a)

    232,350        18,964,407   
   

 

 

 
      40,799,719   
   

 

 

 

Automobiles—1.5%

  

Harley-Davidson, Inc.

    298,790        19,902,402   
   

 

 

 

Banks—2.7%

  

Signature Bank (a)

    176,620        22,181,706   

SVB Financial Group (a)

    107,558        13,851,319   
   

 

 

 
      36,033,025   
   

 

 

 

Beverages—1.2%

  

Brown-Forman Corp. - Class B

    182,430        16,362,147   
   

 

 

 

Biotechnology—2.6%

  

Alkermes plc (a)

    457,703        20,180,125   

Incyte Corp., Ltd. (a)

    178,833        9,571,142   

Intrexon Corp. (a) (b)

    178,550        4,694,080   
   

 

 

 
      34,445,347   
   

 

 

 

Building Products—0.9%

  

Armstrong World Industries, Inc. (a)

    228,900        12,188,925   
   

 

 

 

Capital Markets—3.4%

  

E*Trade Financial Corp. (a)

    902,401        20,773,271   

Raymond James Financial, Inc.

    335,344        18,755,790   

WisdomTree Investments, Inc. (a) (b)

    432,600        5,675,712   
   

 

 

 
      45,204,773   
   

 

 

 

Chemicals—3.4%

  

Cytec Industries, Inc.

    96,690        9,437,911   

FMC Corp.

    339,350        25,980,636   

Sherwin-Williams Co. (The)

    46,860        9,237,512   
   

 

 

 
      44,656,059   
   

 

 

 

Commercial Services & Supplies—1.7%

  

Copart, Inc. (a)

    35,983        1,309,421   

KAR Auction Services, Inc.

    438,250        13,300,888   

Stericycle, Inc. (a)

    73,350        8,334,027   
   

 

 

 
      22,944,336   
   

 

 

 

Construction & Engineering—3.6%

  

Chicago Bridge & Iron Co. NV

    233,282        20,330,526   

Jacobs Engineering Group, Inc. (a)

    238,130        15,121,255   

Construction & Engineering—(Continued)

  

MasTec, Inc. (a) (b)

    283,951      12,334,832   
   

 

 

 
      47,786,613   
   

 

 

 

Construction Materials—1.7%

  

Eagle Materials, Inc.

    255,900        22,688,094   
   

 

 

 

Distributors—0.9%

  

LKQ Corp. (a)

    465,490        12,265,662   
   

 

 

 

Diversified Consumer Services—0.7%

  

Bright Horizons Family Solutions, Inc. (a)

    244,697        9,570,100   
   

 

 

 

Diversified Telecommunication Services—0.8%

  

Cogent Communications Group, Inc.

    293,563        10,430,293   
   

 

 

 

Electronic Equipment, Instruments & Components—1.5%

  

Amphenol Corp. - Class A

    210,368        19,280,227   
   

 

 

 

Energy Equipment & Services—1.2%

  

Cameron International Corp. (a)

    246,070        15,199,744   
   

 

 

 

Health Care Equipment & Supplies—1.5%

  

Cooper Cos., Inc. (The)

    147,880        20,312,797   
   

 

 

 

Health Care Providers & Services—2.5%

  

Catamaran Corp. (a)

    269,002        12,040,529   

MEDNAX, Inc. (a)

    342,458        21,225,547   
   

 

 

 
      33,266,076   
   

 

 

 

Health Care Technology—1.4%

  

Allscripts Healthcare Solutions, Inc. (a)

    560,300        10,102,209   

Cerner Corp. (a)

    150,330        8,456,062   
   

 

 

 
      18,558,271   
   

 

 

 

Hotels, Restaurants & Leisure—4.8%

  

Chipotle Mexican Grill, Inc. (a)

    12,060        6,850,683   

Dunkin’ Brands Group, Inc. (b)

    197,790        9,925,102   

MGM Resorts International (a)

    506,200        13,090,332   

Starwood Hotels & Resorts Worldwide, Inc.

    268,570        21,378,172   

Wyndham Worldwide Corp.

    173,780        12,725,910   
   

 

 

 
      63,970,199   
   

 

 

 

Insurance—3.1%

  

Allied World Assurance Co. Holdings AG

    96,639        9,972,178   

Aon plc

    219,191        18,473,417   

Arthur J. Gallagher & Co.

    271,920        12,937,954   
   

 

 

 
      41,383,549   
   

 

 

 

Internet & Catalog Retail—0.5%

  

Netflix, Inc. (a)

    17,950        6,318,939   
   

 

 

 

Internet Software & Services—0.9%

  

Akamai Technologies, Inc. (a)

    106,920        6,223,813   

Yelp, Inc. (a)

    74,610        5,739,748   
   

 

 

 
      11,963,561   
   

 

 

 

 

MSF-48


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

IT Services—5.2%

  

Alliance Data Systems Corp. (a) (b)

    84,259      $ 22,956,365   

Gartner, Inc. (a)

    139,640        9,696,602   

Global Payments, Inc.

    213,370        15,172,741   

Jack Henry & Associates, Inc.

    190,770        10,637,335   

WEX, Inc. (a)

    107,310        10,199,815   
   

 

 

 
      68,662,858   
   

 

 

 

Life Sciences Tools & Services—2.7%

  

Covance, Inc. (a)

    168,640        17,521,696   

Illumina, Inc. (a) (b)

    118,150        17,564,179   
   

 

 

 
      35,085,875   
   

 

 

 

Machinery—3.2%

  

Pall Corp.

    156,560        14,007,423   

Pentair, Ltd.

    196,777        15,612,287   

Wabtec Corp.

    155,870        12,079,925   
   

 

 

 
      41,699,635   
   

 

 

 

Marine—1.7%

  

Kirby Corp. (a) (b)

    219,070        22,180,837   
   

 

 

 

Media—2.0%

  

Discovery Communications, Inc. - Class A (a)

    156,559        12,947,429   

Imax Corp. (a) (b)

    506,720        13,848,658   
   

 

 

 
      26,796,087   
   

 

 

 

Oil, Gas & Consumable Fuels—5.7%

  

Cabot Oil & Gas Corp.

    516,540        17,500,375   

Carrizo Oil & Gas, Inc. (a) (b)

    208,700        11,157,102   

Concho Resources, Inc. (a)

    133,990        16,413,775   

Continental Resources, Inc. (a) (b)

    169,040        21,006,601   

SandRidge Energy, Inc. (a) (b)

    1,538,190        9,444,487   
   

 

 

 
      75,522,340   
   

 

 

 

Pharmaceuticals—6.0%

  

Actavis plc (a)

    130,750        26,914,887   

Mylan, Inc. (a)

    476,500        23,267,495   

Perrigo Co. plc

    185,689        28,718,661   
   

 

 

 
      78,901,043   
   

 

 

 

Professional Services—1.7%

  

IHS, Inc. - Class A (a)

    183,100        22,246,650   
   

 

 

 

Road & Rail—2.0%

  

Genesee & Wyoming, Inc. - Class A (a)

    178,025        17,325,393   

J.B. Hunt Transport Services, Inc.

    122,370        8,800,850   
   

 

 

 
      26,126,243   
   

 

 

 

Semiconductors & Semiconductor Equipment—6.5%

  

Atmel Corp. (a)

    1,088,970        9,103,789   

Avago Technologies, Ltd.

    272,918        17,578,648   

Lam Research Corp. (a)

    198,534        10,919,370   

Semiconductors & Semiconductor Equipment—(Continued)

  

NXP Semiconductor NV (a)

    460,474      $ 27,080,476   

Xilinx, Inc.

    383,270        20,800,063   
   

 

 

 
      85,482,346   
   

 

 

 

Software—3.5%

  

Cadence Design Systems, Inc. (a) (b)

    1,257,526        19,541,954   

Electronic Arts, Inc. (a)

    740,100        21,470,301   

Zynga, Inc. - Class A (a)

    1,185,000        5,095,500   
   

 

 

 
      46,107,755   
   

 

 

 

Specialty Retail—4.6%

  

Advance Auto Parts, Inc.

    82,560        10,443,840   

Dick’s Sporting Goods, Inc.

    151,410        8,268,500   

GNC Holdings, Inc. - Class A

    229,480        10,101,710   

O’Reilly Automotive, Inc. (a)

    150,980        22,403,922   

Tiffany & Co.

    109,220        9,409,303   
   

 

 

 
      60,627,275   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.7%

  

SanDisk Corp.

    112,200        9,109,518   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.2%

  

VF Corp.

    250,260        15,486,089   
   

 

 

 

Trading Companies & Distributors—0.8%

  

WESCO International, Inc. (a) (b)

    119,940        9,981,407   
   

 

 

 

Total Common Stocks
(Cost $1,039,435,626)

      1,306,689,213   
   

 

 

 
Short-Term Investments—8.5%   

Mutual Fund—7.9%

  

State Street Navigator Securities Lending MET Portfolio (c)

    104,157,792        104,157,792   
   

 

 

 

Repurchase Agreement—0.6%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at
0.000% to be repurchased at $7,878,000 on 04/01/14, collateralized by $8,155,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $8,037,796.

    7,878,000        7,878,000   
   

 

 

 

Total Short-Term Investments
(Cost $112,035,792)

      112,035,792   
   

 

 

 

Total Investments—107.5%
(Cost $1,151,471,418) (d)

      1,418,725,005   

Other assets and liabilities (net)—(7.5)%

      (98,752,791
   

 

 

 
Net Assets—100.0%     $ 1,319,972,214   
   

 

 

 

 

MSF-49


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $128,158,724 and the collateral received consisted of cash in the amount of $104,157,792 and non-cash collateral with a value of $25,342,961. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $1,151,471,418. The aggregate unrealized appreciation and depreciation of investments were $274,543,071 and $(7,289,484), respectively, resulting in net unrealized appreciation of $267,253,587.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,306,689,213       $ —        $ —         $ 1,306,689,213   
Short-Term Investments           

Mutual Fund

     104,157,792         —          —           104,157,792   

Repurchase Agreement

     —           7,878,000        —           7,878,000   

Total Short-Term Investments

     104,157,792         7,878,000        —           112,035,792   

Total Investments

   $ 1,410,847,005       $ 7,878,000      $ —         $ 1,418,725,005   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (104,157,792   $ —         $ (104,157,792

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-50


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—100.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—5.3%

  

Boeing Co. (The)

    432,955      $ 54,331,523   

Precision Castparts Corp.

    243,702        61,598,118   

United Technologies Corp.

    428,204        50,031,355   
   

 

 

 
      165,960,996   
   

 

 

 

Automobiles—1.0%

  

Tesla Motors, Inc. (a) (b)

    157,548        32,840,881   
   

 

 

 

Biotechnology—8.9%

  

Alexion Pharmaceuticals, Inc. (a)

    401,246        61,041,554   

Biogen Idec, Inc. (a)

    275,509        84,269,938   

Celgene Corp. (a)

    189,475        26,450,710   

Gilead Sciences, Inc. (a)

    747,768        52,986,840   

Intercept Pharmaceuticals, Inc. (a) (b)

    54,150        17,858,129   

Vertex Pharmaceuticals, Inc. (a)

    565,831        40,015,568   
   

 

 

 
      282,622,739   
   

 

 

 

Capital Markets—2.5%

  

Goldman Sachs Group, Inc. (The)

    231,901        37,996,979   

Morgan Stanley

    1,303,555        40,631,809   
   

 

 

 
      78,628,788   
   

 

 

 

Chemicals—2.1%

  

Monsanto Co.

    587,098        66,794,139   
   

 

 

 

Energy Equipment & Services—1.4%

  

Schlumberger, Ltd.

    456,262        44,485,545   
   

 

 

 

Food & Staples Retailing—3.3%

  

Costco Wholesale Corp.

    490,090        54,733,251   

Sprouts Farmers Market, Inc. (a) (b)

    214,225        7,718,527   

Whole Foods Market, Inc.

    809,893        41,069,674   
   

 

 

 
      103,521,452   
   

 

 

 

Food Products—1.5%

  

Mondelez International, Inc. - Class A

    1,337,280        46,203,024   
   

 

 

 

Health Care Equipment & Supplies—1.4%

  

Abbott Laboratories

    1,110,346        42,759,424   
   

 

 

 

Health Care Providers & Services—1.1%

  

Express Scripts Holding Co. (a)

    461,103        34,624,224   
   

 

 

 

Hotels, Restaurants & Leisure—4.1%

  

Chipotle Mexican Grill, Inc. (a)

    43,814        24,888,543   

Dunkin’ Brands Group, Inc. (b)

    739,391        37,102,640   

Las Vegas Sands Corp.

    278,597        22,505,066   

Marriott International, Inc. - Class A

    182,800        10,240,456   

Starbucks Corp.

    471,128        34,571,372   
   

 

 

 
      129,308,077   
   

 

 

 

Internet & Catalog Retail—7.1%

  

Amazon.com, Inc. (a)

    275,158        92,596,170   

Netflix, Inc. (a)

    104,990        36,959,630   

Internet & Catalog Retail—(Continued)

  

priceline.com, Inc. (a)

    65,824      $ 78,454,967   

TripAdvisor, Inc. (a)

    191,630        17,359,762   
   

 

 

 
      225,370,529   
   

 

 

 

Internet Software & Services—9.3%

  

Facebook, Inc. - Class A (a)

    1,347,626        81,180,990   

Google, Inc. - Class A (a)

    123,376        137,503,786   

LinkedIn Corp. - Class A (a)

    265,961        49,186,828   

Pandora Media, Inc. (a)

    362,904        11,003,249   

Twitter, Inc. (a) (b)

    264,030        12,322,280   

Youku Tudou, Inc. (ADR) (a)

    121,995        3,420,740   
   

 

 

 
      294,617,873   
   

 

 

 

IT Services—6.3%

  

Accenture plc - Class A

    118,428        9,441,080   

MasterCard, Inc. - Class A

    1,506,665        112,547,876   

Visa, Inc. - Class A

    360,958        77,916,394   
   

 

 

 
      199,905,350   
   

 

 

 

Life Sciences Tools & Services—1.0%

  

Illumina, Inc. (a) (b)

    217,928        32,397,177   
   

 

 

 

Media—4.1%

  

Discovery Communications, Inc. - Class A (a)

    519,181        42,936,269   

Twenty-First Century Fox, Inc. - Class A

    974,076        31,141,210   

Walt Disney Co. (The)

    686,220        54,945,635   
   

 

 

 
      129,023,114   
   

 

 

 

Oil, Gas & Consumable Fuels—2.7%

  

Concho Resources, Inc. (a)

    348,452        42,685,370   

EOG Resources, Inc.

    216,389        42,449,030   
   

 

 

 
      85,134,400   
   

 

 

 

Personal Products—0.7%

  

Estee Lauder Cos., Inc. (The) - Class A

    324,616        21,710,318   
   

 

 

 

Pharmaceuticals—8.3%

  

Allergan, Inc.

    516,328        64,076,305   

Bristol-Myers Squibb Co.

    1,175,906        61,088,317   

Merck & Co., Inc.

    902,036        51,208,584   

Novo Nordisk A/S (ADR)

    1,310,888        59,842,037   

Perrigo Co. plc

    165,813        25,644,638   
   

 

 

 
      261,859,881   
   

 

 

 

Real Estate Investment Trusts—1.2%

  

American Tower Corp.

    469,513        38,439,029   
   

 

 

 

Road & Rail—2.7%

  

Canadian Pacific Railway, Ltd.

    274,658        41,316,803   

Union Pacific Corp.

    232,682        43,665,104   
   

 

 

 
      84,981,907   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.9%

  

ARM Holdings plc (ADR) (b)

    563,714        28,732,503   
   

 

 

 

 

MSF-51


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Software—8.7%

  

Adobe Systems, Inc. (a)

    600,409      $ 39,470,888   

FireEye, Inc. (a) (b)

    233,660        14,386,446   

Red Hat, Inc. (a)

    804,355        42,614,728   

Salesforce.com, Inc. (a)

    1,005,740        57,417,697   

Splunk, Inc. (a)

    515,902        36,881,834   

Tableau Software, Inc. - Class A (a) (b)

    97,412        7,411,105   

VMware, Inc. - Class A (a) (b)

    428,124        46,245,954   

Workday, Inc. - Class A (a)

    322,040        29,444,117   
   

 

 

 
      273,872,769   
   

 

 

 

Specialty Retail—4.8%

  

Inditex S.A.

    393,506        59,145,776   

O’Reilly Automotive, Inc. (a)

    66,705        9,898,355   

Tiffany & Co.

    171,674        14,789,715   

TJX Cos., Inc. (The)

    1,134,367        68,799,359   
   

 

 

 
      152,633,205   
   

 

 

 

Technology Hardware, Storage & Peripherals—4.1%

  

Apple, Inc.

    239,288        128,435,441   
   

 

 

 

Textiles, Apparel & Luxury Goods—5.5%

  

Michael Kors Holdings, Ltd. (a)

    414,065        38,619,842   

NIKE, Inc. - Class B

    873,582        64,522,766   

Swatch Group AG (The)

    51,184        32,169,145   

Under Armour, Inc. - Class A (a) (b)

    336,140        38,535,090   
   

 

 

 
      173,846,843   
   

 

 

 

Total Common Stocks
(Cost $2,214,043,960)

      3,158,709,628   
   

 

 

 
Short-Term Investments—7.0%   
Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—6.9%

  

State Street Navigator Securities Lending MET Portfolio (c)

    218,322,123      218,322,123   
   

 

 

 

Repurchase Agreement—0.1%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $3,926,000 on 04/01/14, collateralized by $4,065,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $4,006,578.

    3,926,000        3,926,000   
   

 

 

 

Total Short-Term Investments
(Cost $222,248,123)

      222,248,123   
   

 

 

 

Total Investments—107.0%
(Cost $2,436,292,083) (d)

      3,380,957,751   

Other assets and liabilities (net)—(7.0)%

      (221,438,284
   

 

 

 
Net Assets—100.0%     $ 3,159,519,467   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $216,712,063 and the collateral received consisted of cash in the amount of $218,322,123. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $2,436,292,083. The aggregate unrealized appreciation and depreciation of investments were $957,782,697 and $(13,117,029), respectively, resulting in net unrealized appreciation of $944,665,668.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

MSF-52


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 165,960,996       $ —        $ —         $ 165,960,996   

Automobiles

     32,840,881         —          —           32,840,881   

Biotechnology

     282,622,739         —          —           282,622,739   

Capital Markets

     78,628,788         —          —           78,628,788   

Chemicals

     66,794,139         —          —           66,794,139   

Energy Equipment & Services

     44,485,545         —          —           44,485,545   

Food & Staples Retailing

     103,521,452         —          —           103,521,452   

Food Products

     46,203,024         —          —           46,203,024   

Health Care Equipment & Supplies

     42,759,424         —          —           42,759,424   

Health Care Providers & Services

     34,624,224         —          —           34,624,224   

Hotels, Restaurants & Leisure

     129,308,077         —          —           129,308,077   

Internet & Catalog Retail

     225,370,529         —          —           225,370,529   

Internet Software & Services

     294,617,873         —          —           294,617,873   

IT Services

     199,905,350         —          —           199,905,350   

Life Sciences Tools & Services

     32,397,177         —          —           32,397,177   

Media

     129,023,114         —          —           129,023,114   

Oil, Gas & Consumable Fuels

     85,134,400         —          —           85,134,400   

Personal Products

     21,710,318         —          —           21,710,318   

Pharmaceuticals

     261,859,881         —          —           261,859,881   

Real Estate Investment Trusts

     38,439,029         —          —           38,439,029   

Road & Rail

     84,981,907         —          —           84,981,907   

Semiconductors & Semiconductor Equipment

     28,732,503         —          —           28,732,503   

Software

     273,872,769         —          —           273,872,769   

Specialty Retail

     93,487,429         59,145,776        —           152,633,205   

Technology Hardware, Storage & Peripherals

     128,435,441         —          —           128,435,441   

Textiles, Apparel & Luxury Goods

     141,677,698         32,169,145        —           173,846,843   

Total Common Stocks

     3,067,394,707         91,314,921        —           3,158,709,628   
Short-Term Investments           

Mutual Fund

     218,322,123         —          —           218,322,123   

Repurchase Agreement

     —           3,926,000        —           3,926,000   

Total Short-Term Investments

     218,322,123         3,926,000        —           222,248,123   

Total Investments

   $ 3,285,716,830       $ 95,240,921      $ —         $ 3,380,957,751   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (218,322,123   $ —         $ (218,322,123

 

MSF-53


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—97.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.5%

  

Hexcel Corp. (a)

    54,349      $ 2,366,355   
   

 

 

 

Air Freight & Logistics—0.5%

  

XPO Logistics, Inc. (a) (b)

    83,202        2,446,971   
   

 

 

 

Airlines—0.4%

  

Spirit Airlines, Inc. (a)

    36,019        2,139,529   
   

 

 

 

Auto Components—2.1%

  

Dana Holding Corp.

    92,833        2,160,224   

Dorman Products, Inc. (a) (b)

    39,104        2,309,482   

Drew Industries, Inc.

    39,080        2,118,136   

Fox Factory Holding Corp. (a) (b)

    66,065        1,248,628   

Remy International, Inc.

    47,711        1,126,934   

Tenneco, Inc. (a)

    28,982        1,682,985   
   

 

 

 
      10,646,389   
   

 

 

 

Banks—9.4%

  

BancorpSouth, Inc. (b)

    105,102        2,623,346   

Bank of the Ozarks, Inc. (b)

    33,005        2,246,320   

Boston Private Financial Holdings, Inc.

    115,247        1,559,292   

Cathay General Bancorp

    132,581        3,339,715   

City National Corp.

    36,180        2,848,090   

CVB Financial Corp. (b)

    129,106        2,052,785   

First Financial Bancorp

    135,941        2,444,219   

First Financial Bankshares, Inc. (b)

    27,683        1,710,533   

Iberiabank Corp.

    37,779        2,650,197   

PacWest Bancorp (b)

    72,443        3,115,774   

Pinnacle Financial Partners, Inc.

    95,003        3,561,663   

Popular, Inc. (a)

    54,000        1,673,460   

PrivateBancorp, Inc.

    62,132        1,895,647   

Prosperity Bancshares, Inc. (b)

    49,002        3,241,482   

Signature Bank (a)

    29,196        3,666,726   

SVB Financial Group (a)

    7,889        1,015,945   

Talmer Bancorp, Inc. - Class A (a)

    86,119        1,260,782   

Texas Capital Bancshares, Inc. (a) (b)

    38,371        2,491,813   

Tristate Capital Holdings, Inc. (a)

    99,621        1,415,614   

Wintrust Financial Corp.

    66,820        3,251,461   
   

 

 

 
      48,064,864   
   

 

 

 

Biotechnology—1.5%

  

Acceleron Pharma, Inc. (a) (b)

    23,882        823,929   

Cubist Pharmaceuticals, Inc. (a) (b)

    16,253        1,188,907   

Emergent Biosolutions, Inc. (a) (b)

    71,540        1,807,816   

Exact Sciences Corp. (a) (b)

    110,253        1,562,285   

KYTHERA Biopharmaceuticals, Inc. (a) (b)

    6,781        269,613   

Neurocrine Biosciences, Inc. (a) (b)

    71,848        1,156,753   

PTC Therapeutics, Inc. (a)

    39,175        1,024,034   
   

 

 

 
      7,833,337   
   

 

 

 

Building Products—1.1%

  

Apogee Enterprises, Inc. (b)

    56,817        1,888,029   

Armstrong World Industries, Inc. (a)

    35,535        1,892,239   

Masonite International Corp. (a) (b)

    33,126        1,872,281   
   

 

 

 
      5,652,549   
   

 

 

 

Capital Markets—2.2%

  

Ares Capital Corp.

    110,999      1,955,802   

Artisan Partners Asset Management, Inc. - Class A

    35,271        2,266,162   

Financial Engines, Inc. (b)

    31,368        1,592,867   

Hercules Technology Growth Capital, Inc. (b)

    84,574        1,189,956   

Safeguard Scientifics, Inc. (a) (b)

    74,540        1,653,297   

Stifel Financial Corp. (a)

    56,327        2,802,832   
   

 

 

 
      11,460,916   
   

 

 

 

Chemicals—2.3%

  

Cabot Corp.

    56,002        3,307,478   

Flotek Industries, Inc. (a) (b)

    76,226        2,122,894   

Minerals Technologies, Inc.

    36,581        2,361,669   

Tronox, Ltd. - Class A

    77,449        1,840,963   

WR Grace & Co. (a)

    13,426        1,331,457   

Zep, Inc. (b)

    30,613        541,850   
   

 

 

 
      11,506,311   
   

 

 

 

Commercial Services & Supplies—2.9%

  

Interface, Inc.

    92,824        1,907,533   

KAR Auction Services, Inc.

    97,612        2,962,524   

Knoll, Inc. (b)

    99,077        1,802,211   

McGrath RentCorp (b)

    34,930        1,221,153   

Rollins, Inc.

    68,426        2,069,202   

Viad Corp.

    57,099        1,372,660   

Waste Connections, Inc.

    43,878        1,924,489   

West Corp. (b)

    64,796        1,550,568   
   

 

 

 
      14,810,340   
   

 

 

 

Communications Equipment—0.7%

  

Calix, Inc. (a)

    137,105        1,155,795   

Ciena Corp. (a) (b)

    63,852        1,451,994   

NETGEAR, Inc. (a) (b)

    24,142        814,310   
   

 

 

 
      3,422,099   
   

 

 

 

Construction & Engineering—1.1%

  

MasTec, Inc. (a) (b)

    49,888        2,167,135   

MYR Group, Inc. (a)

    61,219        1,550,065   

Primoris Services Corp.

    69,863        2,094,493   
   

 

 

 
      5,811,693   
   

 

 

 

Consumer Finance—0.8%

  

Credit Acceptance Corp. (a)

    10,612        1,508,496   

DFC Global Corp. (a)

    54,642        482,489   

Encore Capital Group, Inc. (a) (b)

    41,358        1,890,060   
   

 

 

 
      3,881,045   
   

 

 

 

Distributors—0.7%

  

Core-Mark Holding Co., Inc.

    21,005        1,524,963   

Pool Corp.

    35,129        2,154,110   
   

 

 

 
      3,679,073   
   

 

 

 

Diversified Consumer Services—1.6%

  

Bright Horizons Family Solutions, Inc. (a)

    55,678        2,177,567   

Grand Canyon Education, Inc. (a)

    53,305        2,489,343   

 

MSF-54


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—(Continued)

  

LifeLock, Inc. (a) (b)

    137,920      $ 2,359,811   

Nord Anglia Education, Inc. (a)

    63,088        1,209,397   
   

 

 

 
      8,236,118   
   

 

 

 

Diversified Financial Services—0.8%

  

MarketAxess Holdings, Inc.

    67,018        3,968,806   
   

 

 

 

Diversified Telecommunication Services—0.6%

  

8x8, Inc. (a) (b)

    193,966        2,096,772   

Premiere Global Services, Inc. (a) (b)

    70,527        850,556   
   

 

 

 
      2,947,328   
   

 

 

 

Electric Utilities—1.5%

  

ALLETE, Inc. (b)

    64,821        3,397,917   

ITC Holdings Corp.

    43,818        1,636,602   

UIL Holdings Corp. (b)

    76,804        2,827,155   
   

 

 

 
      7,861,674   
   

 

 

 

Electrical Equipment—1.3%

  

AZZ, Inc. (b)

    28,453        1,271,280   

EnerSys, Inc. (b)

    35,023        2,426,744   

General Cable Corp.

    30,751        787,533   

Global Power Equipment Group, Inc. (b)

    34,949        695,135   

Thermon Group Holdings, Inc. (a)

    58,383        1,353,318   
   

 

 

 
      6,534,010   
   

 

 

 

Electronic Equipment, Instruments & Components—4.0%

  

Belden, Inc.

    37,769        2,628,723   

Checkpoint Systems, Inc. (a)

    90,089        1,208,994   

FEI Co.

    23,028        2,372,345   

IPG Photonics Corp. (a) (b)

    24,629        1,750,629   

Littelfuse, Inc.

    35,989        3,370,010   

Measurement Specialties, Inc. (a) (b)

    38,036        2,580,743   

Methode Electronics, Inc.

    54,745        1,678,482   

Rogers Corp. (a)

    40,620        2,535,500   

Vishay Intertechnology, Inc. (b)

    169,189        2,517,532   
   

 

 

 
      20,642,958   
   

 

 

 

Energy Equipment & Services—2.7%

  

Bristow Group, Inc. (b)

    34,488        2,604,534   

Dril-Quip, Inc. (a)

    17,511        1,962,983   

Forum Energy Technologies, Inc. (a)

    63,983        1,982,193   

Helix Energy Solutions Group, Inc. (a)

    200,510        4,607,720   

Parker Drilling Co. (a)

    337,922        2,395,867   
   

 

 

 
      13,553,297   
   

 

 

 

Food & Staples Retailing—1.2%

  

Casey’s General Stores, Inc. (b)

    22,032        1,489,143   

Spartan Stores, Inc.

    97,655        2,266,572   

Susser Holdings Corp. (a) (b)

    34,417        2,150,030   
   

 

 

 
      5,905,745   
   

 

 

 

Food Products—0.4%

  

Darling International, Inc. (a)

    74,744        1,496,375   

Food Products—(Continued)

  

J&J Snack Foods Corp. (b)

    6,991      670,926   
   

 

 

 
      2,167,301   
   

 

 

 

Health Care Equipment & Supplies—3.7%

  

Cardiovascular Systems, Inc. (a)

    37,514        1,192,570   

Cynosure, Inc. - Class A (a)

    28,030        821,279   

Globus Medical, Inc. - Class A (a)

    84,413        2,244,542   

Haemonetics Corp. (a)

    11,421        372,210   

Insulet Corp. (a) (b)

    40,280        1,910,078   

Novadaq Technologies, Inc. (a)

    110,288        2,457,217   

Quidel Corp. (a) (b)

    58,110        1,586,403   

Spectranetics Corp. (a)

    92,124        2,792,278   

SurModics, Inc. (a)

    33,947        767,202   

Teleflex, Inc.

    26,177        2,807,222   

Wright Medical Group, Inc. (a)

    53,673        1,667,620   
   

 

 

 
      18,618,621   
   

 

 

 

Health Care Providers & Services—2.5%

  

Acadia Healthcare Co., Inc. (a) (b)

    47,361        2,136,928   

Bio-Reference Labs, Inc. (a) (b)

    56,865        1,574,023   

BioScrip, Inc. (a) (b)

    156,192        1,090,220   

Hanger, Inc. (a) (b)

    22,857        769,824   

IPC The Hospitalist Co., Inc. (a)

    35,686        1,751,469   

MWI Veterinary Supply, Inc. (a)

    8,838        1,375,370   

Team Health Holdings, Inc. (a)

    50,564        2,262,739   

WellCare Health Plans, Inc. (a)

    29,153        1,851,798   
   

 

 

 
      12,812,371   
   

 

 

 

Health Care Technology—0.9%

  

HMS Holdings Corp. (a) (b)

    66,250        1,262,062   

MedAssets, Inc. (a)

    73,370        1,812,973   

Medidata Solutions, Inc. (a)

    27,471        1,492,774   
   

 

 

 
      4,567,809   
   

 

 

 

Hotels, Restaurants & Leisure—3.7%

  

Churchill Downs, Inc. (b)

    33,781        3,084,205   

Chuy’s Holdings, Inc. (a) (b)

    26,599        1,147,481   

Cracker Barrel Old Country Store, Inc.

    13,641        1,326,451   

Diamond Resorts International, Inc. (a)

    145,983        2,474,412   

Marriott Vacations Worldwide Corp. (a)

    54,395        3,041,224   

Noodles & Co. (a) (b)

    37,561        1,482,533   

Popeyes Louisiana Kitchen, Inc. (a) (b)

    44,834        1,822,054   

Six Flags Entertainment Corp.

    62,966        2,528,085   

Vail Resorts, Inc.

    30,372        2,116,928   
   

 

 

 
      19,023,373   
   

 

 

 

Household Durables—0.7%

  

Jarden Corp. (a)

    43,374        2,595,066   

La-Z-Boy, Inc.

    27,325        740,508   
   

 

 

 
      3,335,574   
   

 

 

 

Industrial Conglomerates—0.5%

  

Raven Industries, Inc. (b)

    73,559        2,409,057   
   

 

 

 

 

MSF-55


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—2.0%

  

Employers Holdings, Inc.

    104,690      $ 2,117,879   

HCC Insurance Holdings, Inc.

    68,370        3,110,151   

ProAssurance Corp.

    51,200        2,279,936   

Reinsurance Group of America, Inc.

    32,086        2,555,008   
   

 

 

 
      10,062,974   
   

 

 

 

Internet & Catalog Retail—1.3%

  

HomeAway, Inc. (a)

    64,944        2,446,440   

HSN, Inc.

    37,192        2,221,478   

Liberty Ventures - Series A (a)

    16,911        2,204,011   
   

 

 

 
      6,871,929   
   

 

 

 

Internet Software & Services—3.2%

  

Blucora, Inc. (a) (b)

    54,898        1,080,942   

Cornerstone OnDemand, Inc. (a)

    37,739        1,806,566   

CoStar Group, Inc. (a)

    7,023        1,311,475   

Cvent, Inc. (a) (b)

    38,510        1,392,136   

Dealertrack Technologies, Inc. (a)

    69,025        3,395,340   

Envestnet, Inc. (a)

    43,185        1,735,173   

Everyday Health, Inc. (a)

    54,806        766,736   

OpenTable, Inc. (a)

    23,407        1,800,701   

Perficient, Inc. (a)

    83,148        1,506,642   

Shutterstock, Inc. (a)

    20,809        1,510,941   
   

 

 

 
      16,306,652   
   

 

 

 

IT Services—2.4%

  

Cardtronics, Inc. (a)

    45,320        1,760,682   

Convergys Corp.

    107,588        2,357,253   

Euronet Worldwide, Inc. (a)

    71,149        2,959,087   

InterXion Holding NV (a)

    74,755        1,792,625   

WEX, Inc. (a)

    33,527        3,186,741   
   

 

 

 
      12,056,388   
   

 

 

 

Life Sciences Tools & Services—0.3%

  

Fluidigm Corp. (a) (b)

    32,685        1,440,428   
   

 

 

 

Machinery—5.2%

  

Actuant Corp. - Class A

    36,535        1,247,670   

Alamo Group, Inc.

    18,612        1,011,190   

Albany International Corp. - Class A (b)

    54,757        1,946,064   

Altra Industrial Motion Corp.

    86,464        3,086,765   

John Bean Technologies Corp. (b)

    105,577        3,262,330   

Manitowoc Co., Inc. (The)

    77,306        2,431,274   

Middleby Corp. (The) (a)

    6,987        1,846,035   

Proto Labs, Inc. (a)

    24,451        1,654,599   

RBC Bearings, Inc. (a)

    72,153        4,596,146   

Trimas Corp. (a)

    67,251        2,232,733   

Wabtec Corp.

    41,864        3,244,460   
   

 

 

 
      26,559,266   
   

 

 

 

Marine—0.6%

  

Kirby Corp. (a)

    28,557        2,891,396   
   

 

 

 

Media—1.7%

  

Carmike Cinemas, Inc. (a)

    80,821        2,413,315   

Media—(Continued)

  

EW Scripps Co. - Class A (a)

    79,121      1,402,024   

John Wiley & Sons, Inc. - Class A

    40,041        2,307,963   

Live Nation Entertainment, Inc. (a)

    49,676        1,080,453   

National CineMedia, Inc.

    89,527        1,342,905   
   

 

 

 
      8,546,660   
   

 

 

 

Metals & Mining—1.8%

  

Globe Specialty Metals, Inc.

    75,967        1,581,633   

Haynes International, Inc. (b)

    42,162        2,276,748   

Horsehead Holding Corp. (a) (b)

    116,277        1,955,779   

Reliance Steel & Aluminum Co.

    9,585        677,276   

SunCoke Energy, Inc. (a)

    120,207        2,745,528   
   

 

 

 
      9,236,964   
   

 

 

 

Multi-Utilities—0.5%

  

NorthWestern Corp.

    54,849        2,601,488   
   

 

 

 

Multiline Retail—0.2%

  

Fred’s, Inc. - Class A (b)

    68,927        1,241,375   
   

 

 

 

Oil, Gas & Consumable Fuels—1.9%

  

Diamondback Energy, Inc. (a)

    31,950        2,150,555   

EPL Oil & Gas, Inc. (a)

    53,154        2,051,744   

Gulfport Energy Corp. (a)

    32,673        2,325,664   

Oasis Petroleum, Inc. (a)

    40,302        1,681,803   

Rosetta Resources, Inc. (a) (b)

    33,195        1,546,223   
   

 

 

 
    9,755,989   
   

 

 

 

Pharmaceuticals—0.8%

  

Mallinckrodt plc (a)

    24,078        1,526,786   

Medicines Co. (The) (a) (b)

    42,437        1,206,060   

Pacira Pharmaceuticals, Inc. (a)

    20,085        1,405,749   
   

 

 

 
    4,138,595   
   

 

 

 

Professional Services—2.6%

  

Advisory Board Co. (The) (a) (b)

    27,441        1,763,084   

Corporate Executive Board Co. (The)

    37,656        2,795,205   

Huron Consulting Group, Inc. (a)

    31,807        2,015,927   

Insperity, Inc.

    42,763        1,324,798   

On Assignment, Inc. (a)

    55,369        2,136,690   

RPX Corp. (a)

    57,210        931,379   

WageWorks, Inc. (a)

    39,543        2,218,758   
   

 

 

 
    13,185,841   
   

 

 

 

Real Estate Investment Trusts—5.1%

  

American Campus Communities, Inc.

    55,813        2,084,615   

BioMed Realty Trust, Inc.

    122,885        2,517,914   

CubeSmart

    164,717        2,826,544   

Hersha Hospitality Trust

    424,476        2,474,695   

Home Properties, Inc.

    28,772        1,729,773   

Mid-America Apartment Communities, Inc.

    38,063        2,598,561   

National Retail Properties, Inc. (b)

    47,495        1,630,028   

Omega Healthcare Investors, Inc.

    76,929        2,578,660   

Potlatch Corp.

    54,794        2,119,980   

Retail Opportunity Investments Corp. (b)

    163,005        2,435,295   

 

MSF-56


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Real Estate Investment Trusts—(Continued)

  

Sovran Self Storage, Inc.

    42,753      $ 3,140,208   
   

 

 

 
    26,136,273   
   

 

 

 

Road & Rail—1.8%

  

Avis Budget Group, Inc. (a) (b)

    41,693        2,030,449   

Genesee & Wyoming, Inc. - Class A (a)

    42,729        4,158,387   

Old Dominion Freight Line, Inc. (a)

    57,065        3,237,868   
   

 

 

 
    9,426,704   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.8%

  

Cavium, Inc. (a) (b)

    45,000        1,967,850   

Hittite Microwave Corp.

    28,236        1,779,998   

Monolithic Power Systems, Inc. (a)

    54,147        2,099,279   

Semtech Corp. (a)

    138,968        3,521,449   

Silicon Laboratories, Inc. (a)

    37,929        1,981,790   

Teradyne, Inc. (a) (b)

    150,912        3,001,640   
   

 

 

 
      14,352,006   
   

 

 

 

Software—4.1%

  

Aspen Technology, Inc. (a)

    62,452        2,645,467   

CommVault Systems, Inc. (a) (b)

    15,969        1,037,187   

FleetMatics Group plc (a) (b)

    48,322        1,616,371   

Gigamon, Inc. (a) (b)

    42,034        1,277,413   

Guidewire Software, Inc. (a) (b)

    53,839        2,640,803   

Imperva, Inc. (a)

    39,305        2,189,289   

Monotype Imaging Holdings, Inc. (b)

    36,600        1,103,124   

SS&C Technologies Holdings, Inc. (a)

    56,863        2,275,657   

Synchronoss Technologies, Inc. (a) (b)

    68,715        2,356,237   

Ultimate Software Group, Inc. (a)

    17,108        2,343,796   

Verint Systems, Inc. (a)

    32,495        1,524,990   
   

 

 

 
      21,010,334   
   

 

 

 

Specialty Retail—2.5%

  

Barnes & Noble, Inc. (a) (b)

    68,614        1,434,033   

Cabela’s, Inc. (a) (b)

    22,684        1,486,029   

Genesco, Inc. (a) (b)

    41,543        3,097,862   

Hibbett Sports, Inc. (a) (b)

    30,633        1,619,873   

MarineMax, Inc. (a) (b)

    115,338        1,751,984   

Restoration Hardware Holdings, Inc. (a) (b)

    19,824        1,458,848   

Sally Beauty Holdings, Inc. (a)

    72,671        1,991,185   
   

 

 

 
      12,839,814   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.3%

  

QLogic Corp. (a)

    103,326        1,317,407   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.2%

  

Deckers Outdoor Corp. (a)

    22,755        1,814,256   

Oxford Industries, Inc.

    28,900        2,259,980   

Tumi Holdings, Inc. (a) (b)

    80,177        1,814,406   
   

 

 

 
      5,888,642   
   

 

 

 

Thrifts & Mortgage Finance—0.5%

  

Capitol Federal Financial, Inc. (b)

    114,677        1,439,197   

Federal Agricultural Mortgage Corp. - Class C

    33,757        1,122,420   
   

 

 

 
      2,561,617   
   

 

 

 

Trading Companies & Distributors—1.1%

  

DXP Enterprises, Inc. (a)

    20,770      1,971,696   

H&E Equipment Services, Inc. (a)

    37,329        1,509,958   

Rush Enterprises, Inc. - Class A (a) (b)

    62,764        2,038,575   
   

 

 

 
      5,520,229   
   

 

 

 

Transportation Infrastructure—0.8%

  

Macquarie Infrastructure Co. LLC

    34,438        1,972,264   

Wesco Aircraft Holdings, Inc. (a)

    96,321        2,120,025   
   

 

 

 
      4,092,289   
   

 

 

 

Water Utilities—0.1%

  

Middlesex Water Co.

    26,350        574,957   
   

 

 

 

Total Common Stocks
(Cost $327,597,847)

      494,921,730   
   

 

 

 
Short-Term Investments—22.9%   

Mutual Fund—20.0%

  

State Street Navigator Securities Lending MET Portfolio (c)

    101,637,004        101,637,004   
   

 

 

 

Repurchase Agreement—2.9%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $14,839,000 on 04/01/14, collateralized by $15,360,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $15,139,246.

    14,839,000        14,839,000   
   

 

 

 

Total Short-Term Investments
(Cost $116,476,004)

      116,476,004   
   

 

 

 

Total Investments—120.0%
(Cost $444,073,851) (d)

      611,397,734   

Other assets and liabilities (net)—(20.0)%

      (101,818,121
   

 

 

 
Net Assets—100.0%     $ 509,579,613   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $102,549,673 and the collateral received consisted of cash in the amount of $101,637,004 and non-cash collateral with a value of $1,462,498. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $444,073,851. The aggregate unrealized appreciation and depreciation of investments were $170,895,587 and $(3,571,704), respectively, resulting in net unrealized appreciation of $167,323,883.

 

MSF-57


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 494,921,730       $ —        $ —         $ 494,921,730   
Short-Term Investments           

Mutual Fund

     101,637,004         —          —           101,637,004   

Repurchase Agreement

     —           14,839,000        —           14,839,000   

Total Short-Term Investments

     101,637,004         14,839,000        —           116,476,004   

Total Investments

   $ 596,558,734       $ 14,839,000      $ —         $ 611,397,734   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (101,637,004   $ —         $ (101,637,004

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-58


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—95.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.2%

  

Hexcel Corp. (a)

    130,514      $ 5,682,580   
   

 

 

 

Air Freight & Logistics—1.2%

  

XPO Logistics, Inc. (a) (b)

    196,371        5,775,271   
   

 

 

 

Airlines—1.1%

  

Spirit Airlines, Inc. (a)

    85,477        5,077,334   
   

 

 

 

Auto Components—2.2%

  

Dorman Products, Inc. (a) (b)

    93,904        5,545,970   

Drew Industries, Inc.

    92,245        4,999,679   
   

 

 

 
      10,545,649   
   

 

 

 

Banks—4.0%

  

Bank of the Ozarks, Inc. (b)

    78,772        5,361,222   

Boston Private Financial Holdings, Inc.

    276,755        3,744,495   

Pinnacle Financial Partners, Inc.

    84,455        3,166,218   

PrivateBancorp, Inc.

    148,262        4,523,474   

SVB Financial Group (a)

    18,589        2,393,891   
   

 

 

 
      19,189,300   
   

 

 

 

Biotechnology—3.9%

  

Acceleron Pharma, Inc. (a) (b)

    57,302        1,976,919   

Cubist Pharmaceuticals, Inc. (a) (b)

    38,583        2,822,346   

Emergent Biosolutions, Inc. (a)

    171,797        4,341,310   

Exact Sciences Corp. (a) (b)

    264,760        3,751,649   

KYTHERA Biopharmaceuticals, Inc. (a) (b)

    16,060        638,546   

Neurocrine Biosciences, Inc. (a)

    169,578        2,730,206   

PTC Therapeutics, Inc. (a)

    94,075        2,459,121   
   

 

 

 
      18,720,097   
   

 

 

 

Building Products—0.9%

  

Apogee Enterprises, Inc.

    136,440        4,533,901   
   

 

 

 

Capital Markets—1.9%

  

Artisan Partners Asset Management, Inc. - Class A

    84,702        5,442,103   

Financial Engines, Inc. (b)

    74,041        3,759,802   
   

 

 

 
      9,201,905   
   

 

 

 

Chemicals—1.1%

  

Flotek Industries, Inc. (a) (b)

    183,050        5,097,942   
   

 

 

 

Commercial Services & Supplies—1.0%

  

Interface, Inc.

    222,907        4,580,739   
   

 

 

 

Communications Equipment—0.7%

  

Ciena Corp. (a) (b)

    151,654        3,448,612   
   

 

 

 

Construction & Engineering—1.1%

  

MasTec, Inc. (a) (b)

    119,802        5,204,199   
   

 

 

 

Consumer Finance—0.9%

  

Encore Capital Group, Inc. (a) (b)

    99,317        4,538,787   
   

 

 

 

Distributors—1.1%

  

Pool Corp.

    84,360      5,172,955   
   

 

 

 

Diversified Consumer Services—4.1%

  

Bright Horizons Family Solutions, Inc. (a) (b)

    133,239        5,210,977   

Grand Canyon Education, Inc. (a)

    127,674        5,962,376   

LifeLock, Inc. (a) (b)

    331,199        5,666,815   

Nord Anglia Education, Inc. (a)

    150,909        2,892,926   
   

 

 

 
      19,733,094   
   

 

 

 

Diversified Financial Services—0.8%

  

MarketAxess Holdings, Inc.

    68,376        4,049,227   
   

 

 

 

Diversified Telecommunication Services—1.0%

  

8x8, Inc. (a) (b)

    465,788        5,035,168   
   

 

 

 

Electrical Equipment—0.7%

  

Thermon Group Holdings, Inc. (a)

    140,200        3,249,836   
   

 

 

 

Electronic Equipment, Instruments & Components—3.4%

  

FEI Co.

    55,299        5,696,903   

IPG Photonics Corp. (a) (b)

    59,146        4,204,098   

Measurement Specialties, Inc. (a)

    91,339        6,197,351   
   

 

 

 
      16,098,352   
   

 

 

 

Energy Equipment & Services—2.8%

  

Dril-Quip, Inc. (a)

    42,052        4,714,029   

Forum Energy Technologies, Inc. (a)

    153,649        4,760,046   

Helix Energy Solutions Group, Inc. (a)

    183,021        4,205,823   
   

 

 

 
      13,679,898   
   

 

 

 

Food & Staples Retailing—1.1%

  

Susser Holdings Corp. (a) (b)

    82,145        5,131,598   
   

 

 

 

Health Care Equipment & Supplies—7.3%

  

Cardiovascular Systems, Inc. (a)

    90,086        2,863,834   

Cynosure, Inc. - Class A (a)

    67,110        1,966,323   

Globus Medical, Inc. - Class A (a)

    202,708        5,390,006   

Insulet Corp. (a)

    96,441        4,573,232   

Novadaq Technologies, Inc. (a)

    264,845        5,900,747   

Quidel Corp. (a) (b)

    139,545        3,809,578   

Spectranetics Corp. (a)

    221,226        6,705,360   

Wright Medical Group, Inc. (a)

    128,349        3,987,803   
   

 

 

 
      35,196,883   
   

 

 

 

Health Care Providers & Services—3.7%

  

Acadia Healthcare Co., Inc. (a) (b)

    113,733        5,131,633   

IPC The Hospitalist Co., Inc. (a) (b)

    85,441        4,193,444   

MWI Veterinary Supply, Inc. (a)

    21,225        3,303,035   

Team Health Holdings, Inc. (a)

    119,344        5,340,644   
   

 

 

 
      17,968,756   
   

 

 

 

Health Care Technology—1.4%

  

HMS Holdings Corp. (a) (b)

    158,621        3,021,730   

Medidata Solutions, Inc. (a)

    65,772        3,574,051   
   

 

 

 
      6,595,781   
   

 

 

 

 

MSF-59


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—3.3%

  

Chuy’s Holdings, Inc. (a) (b)

    62,775      $ 2,708,113   

Noodles & Co. (a) (b)

    89,646        3,538,328   

Popeyes Louisiana Kitchen, Inc. (a) (b)

    107,665        4,375,506   

Vail Resorts, Inc. (b)

    72,935        5,083,569   
   

 

 

 
      15,705,516   
   

 

 

 

Internet & Catalog Retail—1.2%

  

HomeAway, Inc. (a)

    153,286        5,774,284   
   

 

 

 

Internet Software & Services—6.8%

  

Cornerstone OnDemand, Inc. (a)

    90,627        4,338,314   

CoStar Group, Inc. (a)

    16,585        3,097,083   

Cvent, Inc. (a) (b)

    90,890        3,285,673   

Dealertrack Technologies, Inc. (a)

    165,756        8,153,538   

Envestnet, Inc. (a)

    103,705        4,166,867   

Everyday Health, Inc. (a)

    131,223        1,835,810   

OpenTable, Inc. (a) (b)

    56,211        4,324,312   

Shutterstock, Inc. (a)

    49,972        3,628,467   
   

 

 

 
      32,830,064   
   

 

 

 

IT Services—1.8%

  

Cardtronics, Inc. (a)

    106,973        4,155,901   

InterXion Holding NV (a)

    179,517        4,304,818   
   

 

 

 
      8,460,719   
   

 

 

 

Life Sciences Tools & Services—0.7%

  

Fluidigm Corp. (a) (b)

    77,129        3,399,075   
   

 

 

 

Machinery—3.9%

  

Manitowoc Co., Inc. (The) (b)

    182,439        5,737,706   

Middleby Corp. (The) (a)

    16,707        4,414,156   

Proto Labs, Inc. (a) (b)

    58,719        3,973,515   

RBC Bearings, Inc. (a)

    71,738        4,569,711   
   

 

 

 
      18,695,088   
   

 

 

 

Oil, Gas & Consumable Fuels—3.8%

  

Diamondback Energy, Inc. (a)

    76,724        5,164,293   

Gulfport Energy Corp. (a)

    78,462        5,584,925   

Oasis Petroleum, Inc. (a) (b)

    96,781        4,038,671   

Rosetta Resources, Inc. (a) (b)

    79,716        3,713,171   
   

 

 

 
      18,501,060   
   

 

 

 

Pharmaceuticals—1.3%

  

Medicines Co. (The) (a) (b)

    101,910        2,896,282   

Pacira Pharmaceuticals, Inc. (a)

    48,234        3,375,898   
   

 

 

 
      6,272,180   
   

 

 

 

Professional Services—5.4%

  

Advisory Board Co. (The) (a) (b)

    65,898        4,233,947   

Corporate Executive Board Co. (The)

    88,876        6,597,265   

Professional Services—(Continued)

  

Huron Consulting Group, Inc. (a)

    76,382      4,841,091   

On Assignment, Inc. (a)

    132,964        5,131,081   

WageWorks, Inc. (a)

    93,311        5,235,680   
   

 

 

 
      26,039,064   
   

 

 

 

Road & Rail—1.3%

  

Genesee & Wyoming, Inc. - Class A (a)

    65,898        6,413,193   
   

 

 

 

Semiconductors & Semiconductor Equipment—4.6%

  

Cavium, Inc. (a) (b)

    108,064        4,725,639   

Hittite Microwave Corp.

    67,806        4,274,490   

Monolithic Power Systems, Inc. (a)

    130,030        5,041,263   

Semtech Corp. (a)

    139,260        3,528,848   

Silicon Laboratories, Inc. (a)

    91,083        4,759,087   
   

 

 

 
      22,329,327   
   

 

 

 

Software—6.9%

  

Aspen Technology, Inc. (a)

    149,973        6,352,856   

CommVault Systems, Inc. (a) (b)

    37,822        2,456,539   

FleetMatics Group plc (a) (b)

    115,724        3,870,968   

Gigamon, Inc. (a)

    100,327        3,048,938   

Guidewire Software, Inc. (a)

    129,289        6,341,625   

Imperva, Inc. (a)

    94,388        5,257,412   

Ultimate Software Group, Inc. (a)

    41,083        5,628,371   
   

 

 

 
      32,956,709   
   

 

 

 

Specialty Retail—2.3%

  

Cabela’s, Inc. (a) (b)

    54,473        3,568,526   

Hibbett Sports, Inc. (a) (b)

    73,562        3,889,959   

Restoration Hardware Holdings, Inc. (a) (b)

    47,607        3,503,399   
   

 

 

 
      10,961,884   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.9%

  

Deckers Outdoor Corp. (a) (b)

    54,644        4,356,766   

Oxford Industries, Inc.

    69,402        5,427,236   

Tumi Holdings, Inc. (a) (b)

    189,236        4,282,411   
   

 

 

 
      14,066,413   
   

 

 

 

Transportation Infrastructure—1.1%

  

Wesco Aircraft Holdings, Inc. (a) (b)

    230,308        5,069,079   
   

 

 

 

Total Common Stocks
(Cost $334,977,692)

      460,981,519   
   

 

 

 
Short-Term Investments—27.1%   

Mutual Fund—22.9%

  

State Street Navigator Securities Lending MET Portfolio (c)

    110,357,837        110,357,837   
   

 

 

 

 

MSF-60


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—4.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $20,069,000 on 04/01/14, collateralized by $20,500,000 Federal National Mortgage Association at 0.625% due 08/26/16 with a value of $20,474,375.

    20,069,000      $ 20,069,000   
   

 

 

 

Total Short-Term Investments
(Cost $130,426,837)

      130,426,837   
   

 

 

 

Total Investments—123.0%
(Cost $465,404,529) (d)

      591,408,356   

Other assets and liabilities (net)—(23.0)%

      (110,739,539
   

 

 

 
Net Assets—100.0%     $ 480,668,817   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $113,293,709 and the collateral received consisted of cash in the amount of $110,357,837 and non-cash collateral with a value of $3,415,617. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $465,404,529. The aggregate unrealized appreciation and depreciation of investments were $131,503,552 and $(5,499,725), respectively, resulting in net unrealized appreciation of $126,003,827.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 460,981,519       $ —        $ —         $ 460,981,519   
Short-Term Investments           

Mutual Fund

     110,357,837         —          —           110,357,837   

Repurchase Agreement

     —           20,069,000        —           20,069,000   

Total Short-Term Investments

     110,357,837         20,069,000        —           130,426,837   

Total Investments

   $ 571,339,356       $ 20,069,000      $ —         $ 591,408,356   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (110,357,837   $ —         $ (110,357,837

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-61


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—93.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.8%

  

L-3 Communications Holdings, Inc.

    153,944      $ 18,188,484   

Rockwell Collins, Inc.

    330,300        26,315,001   
   

 

 

 
      44,503,485   
   

 

 

 

Banks—1.0%

  

M&T Bank Corp. (a)

    135,542        16,441,245   
   

 

 

 

Capital Markets—1.0%

  

Northern Trust Corp.

    237,400        15,563,944   
   

 

 

 

Commercial Services & Supplies—1.0%

  

Republic Services, Inc.

    478,200        16,335,312   
   

 

 

 

Construction & Engineering—1.0%

  

Jacobs Engineering Group, Inc. (b)

    261,327        16,594,264   
   

 

 

 

Diversified Consumer Services—1.9%

  

H&R Block, Inc.

    1,019,704        30,784,864   
   

 

 

 

Diversified Financial Services—1.5%

  

IntercontinentalExchange Group, Inc.

    119,412        23,623,276   
   

 

 

 

Electric Utilities—3.9%

  

Edison International

    678,049        38,384,354   

Xcel Energy, Inc. (a)

    785,247        23,840,099   
   

 

 

 
      62,224,453   
   

 

 

 

Electrical Equipment—1.6%

  

Hubbell, Inc. - Class B

    213,251        25,562,397   
   

 

 

 

Electronic Equipment, Instruments & Components—10.2%

  

Arrow Electronics, Inc. (b)

    767,136        45,537,193   

Avnet, Inc.

    1,008,000        46,902,240   

FLIR Systems, Inc.

    1,150,700        41,425,200   

Ingram Micro, Inc. - Class A (b)

    932,554        27,566,296   
   

 

 

 
      161,430,929   
   

 

 

 

Energy Equipment & Services—4.5%

  

Ensco plc - Class A

    456,054        24,070,530   

McDermott International, Inc. (a) (b)

    1,935,100        15,132,482   

Patterson-UTI Energy, Inc.

    1,011,556        32,046,094   
   

 

 

 
      71,249,106   
   

 

 

 

Food & Staples Retailing—2.7%

  

Kroger Co. (The)

    994,200        43,396,830   
   

 

 

 

Health Care Equipment & Supplies—1.1%

  

Becton Dickinson & Co.

    144,500        16,918,060   
   

 

 

 

Health Care Providers & Services—2.9%

  

Cigna Corp.

    557,490        46,678,638   
   

 

 

 

Insurance—14.8%

  

Alleghany Corp. (b)

    95,070        38,729,616   

Allied World Assurance Co. Holdings AG

    177,277        18,293,214   

Insurance—(Continued)

  

Allstate Corp. (The)

    684,600      38,734,668   

Aon plc

    356,288        30,027,953   

Arch Capital Group, Ltd. (a) (b)

    554,500        31,905,930   

Loews Corp.

    543,300        23,932,365   

Progressive Corp. (The)

    1,081,900        26,203,618   

Torchmark Corp.

    339,800        26,742,260   
   

 

 

 
      234,569,624   
   

 

 

 

Internet & Catalog Retail—1.3%

  

Liberty Interactive Corp. - Class A (b)

    722,048        20,845,526   
   

 

 

 

IT Services—4.8%

  

Broadridge Financial Solutions, Inc.

    166,128        6,169,994   

NeuStar, Inc. - Class A (a) (b)

    497,298        16,167,158   

Teradata Corp. (a) (b)

    476,993        23,463,285   

Western Union Co. (The) (a)

    1,813,525        29,669,269   
   

 

 

 
      75,469,706   
   

 

 

 

Leisure Products—1.8%

  

Mattel, Inc.

    711,353        28,532,369   
   

 

 

 

Machinery—2.2%

  

Joy Global, Inc. (a)

    389,900        22,614,200   

Kennametal, Inc. (a)

    265,050        11,741,715   
   

 

 

 
      34,355,915   
   

 

 

 

Media—1.9%

  

Omnicom Group, Inc.

    407,700        29,599,020   
   

 

 

 

Metals & Mining—1.2%

  

Kinross Gold Corp. (b)

    4,630,138        19,168,771   
   

 

 

 

Multi-Utilities—0.6%

  

SCANA Corp. (a)

    185,887        9,539,721   
   

 

 

 

Multiline Retail—1.5%

  

Nordstrom, Inc. (a)

    377,039        23,546,085   
   

 

 

 

Oil, Gas & Consumable Fuels—7.6%

  

Cimarex Energy Co.

    145,341        17,311,566   

Denbury Resources, Inc. (a)

    1,138,477        18,671,023   

Hess Corp.

    378,400        31,361,792   

SM Energy Co.

    380,806        27,147,660   

Southwestern Energy Co. (b)

    554,450        25,510,244   
   

 

 

 
      120,002,285   
   

 

 

 

Professional Services—2.4%

  

Manpowergroup, Inc.

    286,806        22,608,917   

Towers Watson & Co. - Class A

    139,937        15,959,815   
   

 

 

 
      38,568,732   
   

 

 

 

Real Estate Investment Trusts—2.6%

  

American Capital Agency Corp. (a)

    690,976        14,849,074   

Annaly Capital Management, Inc. (a)

    582,980        6,395,291   

 

MSF-62


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Real Estate Investment Trusts—(Continued)

  

Hatteras Financial Corp.

    1,047,700      $ 19,749,145   
   

 

 

 
      40,993,510   
   

 

 

 

Road & Rail—1.0%

  

Ryder System, Inc.

    200,640        16,035,149   
   

 

 

 

Semiconductors & Semiconductor Equipment—7.0%

  

Analog Devices, Inc.

    785,440        41,738,282   

KLA-Tencor Corp.

    430,000        29,730,200   

Lam Research Corp. (b)

    724,100        39,825,500   
   

 

 

 
      111,293,982   
   

 

 

 

Software—1.0%

  

Open Text Corp. (a)

    38,301        1,827,341   

Synopsys, Inc. (b)

    376,700        14,469,047   
   

 

 

 
      16,296,388   
   

 

 

 

Specialty Retail—1.7%

  

Bed Bath & Beyond, Inc. (b)

    381,900        26,274,720   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.4%

  

Lexmark International, Inc. - Class A (a)

    466,500        21,594,285   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.7%

  

Coach, Inc.

    550,308        27,328,295   
   

 

 

 

Total Common Stocks
(Cost $1,031,992,899)

      1,485,320,886   
   

 

 

 
Short-Term Investments—17.7%   
Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—11.3%

  

State Street Navigator Securities Lending MET Portfolio (c)

    180,148,146      180,148,146   
   

 

 

 

Repurchase Agreement—6.4%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $101,097,000 on 04/01/14, collateralized by $104,625,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $103,121,330.

    101,097,000        101,097,000   
   

 

 

 

Total Short-Term Investments
(Cost $281,245,146)

      281,245,146   
   

 

 

 

Total Investments—111.3%
(Cost $1,313,238,045) (d)

      1,766,566,032   

Other assets and liabilities (net)—(11.3)%

      (179,792,652
   

 

 

 
Net Assets—100.0%     $ 1,586,773,380   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $176,809,394 and the collateral received consisted of cash in the amount of $180,148,146. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of March 31, 2014, the aggregate cost of investments was $1,313,238,045. The aggregate unrealized appreciation and depreciation of investments were $490,342,935 and $(37,014,948), respectively, resulting in net unrealized appreciation of $453,327,987.

 

MSF-63


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,485,320,886       $ —        $ —         $ 1,485,320,886   
Short-Term Investments           

Mutual Fund

     180,148,146         —          —           180,148,146   

Repurchase Agreement

     —           101,097,000        —           101,097,000   

Total Short-Term Investments

     180,148,146         101,097,000        —           281,245,146   

Total Investments

   $ 1,665,469,032       $ 101,097,000      $ —         $ 1,766,566,032   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (180,148,146   $ —         $ (180,148,146

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-64


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.2% of Net Assets

 

Security Description   Shares     Value  

Australia—5.0%

  

ABM Resources NL (a)

    145,014      $ 3,355   

Adelaide Brighton, Ltd.

    230,220        856,908   

Aditya Birla Minerals, Ltd. (a) (b)

    49,372        13,507   

AED Oil, Ltd. (a) (b)

    93,946        0   

Ainsworth Game Technology, Ltd.

    39,892        134,971   

AJ Lucas Group, Ltd. (a)

    34,363        28,454   

Alcyone Resources, Ltd. (a) (b)

    101,457        94   

Alkane Resources, Ltd. (a)

    120,355        36,814   

Alliance Resources, Ltd. (a)

    81,385        16,621   

Altium, Ltd.

    6,736        14,698   

Altona Mining, Ltd. (a)

    67,875        10,688   

AMA Group, Ltd.

    90,664        21,030   

Amalgamated Holdings, Ltd.

    32,994        266,243   

Amcom Telecommunications, Ltd.

    122,691        236,948   

Ansell, Ltd.

    2,243        38,318   

Antares Energy, Ltd. (a)

    111,036        48,577   

AP Eagers, Ltd.

    223        1,056   

APN News & Media, Ltd. (a) (c)

    374,048        206,428   

Aquarius Platinum, Ltd. (a)

    39,840        23,863   

Aquila Resources, Ltd. (a) (c)

    54,538        118,438   

Arafura Resources, Ltd. (a)

    91,975        7,006   

ARB Corp., Ltd. (c)

    25,332        283,512   

Aristocrat Leisure, Ltd.

    202,271        1,009,908   

Arrium, Ltd.

    779,809        977,234   

ASG Group, Ltd. (a)

    59,850        21,090   

Atlantic, Ltd. (a) (b)

    22,059        3,580   

Atlas Iron, Ltd. (c)

    440,611        400,549   

Aurora Oil & Gas, Ltd. (a)

    197,317        750,429   

Ausdrill, Ltd. (c)

    152,607        113,279   

Ausenco, Ltd.

    72,770        38,483   

Austal, Ltd. (a)

    66,437        60,274   

Austbrokers Holdings, Ltd.

    20,900        199,816   

Austin Engineering, Ltd.

    26,257        56,026   

Australian Agricultural Co., Ltd. (a)

    211,378        245,174   

Australian Infrastructure Fund, Ltd.

    269,584        1,246   

Australian Pharmaceutical Industries, Ltd.

    174,311        91,360   

Automotive Holdings Group, Ltd.

    115,990        418,444   

Aveo Group

    72,034        134,999   

AVJennings, Ltd. (a)

    10,332        5,664   

AWE, Ltd. (a)

    335,940        473,378   

Bandanna Energy, Ltd. (a) (c)

    179,193        17,465   

BC Iron, Ltd.

    62,731        276,539   

Beach Energy, Ltd.

    676,773        1,070,958   

Beadell Resources, Ltd. (a)

    102,327        56,985   

Bentham IMF, Ltd. (c)

    28,777        47,544   

Berkeley Resources, Ltd. (a)

    25,720        6,717   

Billabong International, Ltd. (a) (c)

    280,601        135,356   

Blackmores, Ltd.

    5,962        144,306   

Blackthorn Resources, Ltd. (a)

    28,882        4,420   

Boart Longyear, Ltd. (a) (c)

    232,690        62,756   

Boom Logistics, Ltd. (a)

    73,674        10,653   

Bradken, Ltd. (c)

    90,619        366,572   

Breville Group, Ltd.

    42,911        379,948   

Brickworks, Ltd.

    4,295        56,572   

BT Investment Management, Ltd.

    11,643        78,970   

Buru Energy, Ltd. (a) (c)

    23,457        27,783   

Cabcharge Australia, Ltd. (c)

    55,813        210,197   

Australia—(Continued)

   

Cape Lambert Resources, Ltd. (a)

    97,229      9,020   

Capral, Ltd. (a)

    136,176        18,309   

Cardno, Ltd. (c)

    49,102        328,559   

Carnarvon Petroleum, Ltd. (a)

    251,902        20,567   

carsales.com, Ltd.

    94,922        955,964   

Cash Converters International, Ltd. (c)

    139,149        123,315   

Cedar Woods Properties, Ltd.

    26,836        185,406   

Chandler Macleod Group, Ltd.

    16,111        6,202   

Citigold Corp., Ltd. (a)

    104,691        4,147   

Clinuvel Pharmaceuticals, Ltd. (a)

    8,760        12,769   

Coal of Africa, Ltd. (a)

    133,534        9,288   

Coalspur Mines, Ltd. (a)

    94,441        17,535   

Cockatoo Coal, Ltd. (a)

    674,454        21,900   

Codan, Ltd.

    48,344        28,035   

Coffey International, Ltd. (a)

    63,637        16,533   

Collection House, Ltd.

    19,217        32,621   

Collins Foods, Ltd.

    4,975        9,245   

Comet Ridge, Ltd. (a)

    6,288        961   

Cooper Energy, Ltd. (a)

    123,859        61,591   

Coventry Group, Ltd.

    2,905        7,275   

Credit Corp. Group, Ltd.

    13,415        106,996   

Crowe Horwath Australasia, Ltd.

    93,561        29,511   

CSG, Ltd. (a)

    35,179        29,851   

CSR, Ltd.

    282,278        919,393   

Cudeco, Ltd. (a) (c)

    51,210        80,810   

Cue Energy Resources, Ltd. (a)

    171,183        20,638   

Data #3, Ltd.

    55,471        34,222   

David Jones, Ltd. (c)

    263,552        797,358   

Decmil Group, Ltd.

    82,140        158,137   

Deep Yellow, Ltd. (a)

    271,919        7,312   

Devine, Ltd. (a)

    46,180        26,059   

Discovery Metals, Ltd. (a)

    117,087        3,049   

Domino’s Pizza Enterprises, Ltd.

    23,137        429,467   

Downer EDI, Ltd.

    238,347        1,110,377   

Drillsearch Energy, Ltd. (a) (c)

    218,929        339,281   

DuluxGroup, Ltd.

    190,998        1,015,738   

DWS, Ltd.

    36,847        38,465   

Echo Entertainment Group, Ltd.

    45,092        102,523   

Elders, Ltd. (a) (c)

    150,466        14,646   

Elemental Minerals, Ltd. (a)

    26,469        5,402   

Emeco Holdings, Ltd. (a)

    314,914        73,235   

Empire Oil & Gas NL (a)

    591,457        4,988   

Energy Resources of Australia, Ltd. (a)

    40,323        49,950   

Energy World Corp., Ltd. (a)

    389,239        117,565   

Envestra, Ltd.

    514,190        537,429   

Equatorial Resources, Ltd. (a)

    18,658        9,173   

Equity Trustees, Ltd.

    452        9,479   

ERM Power, Ltd.

    6,161        14,056   

eServGlobal, Ltd. (a)

    43,068        37,367   

Ethane Pipeline Income Fund

    3,869        3,641   

Euroz, Ltd.

    21,953        25,453   

Evolution Mining, Ltd.

    113,688        90,726   

Fairfax Media, Ltd. (c)

    944,011        801,208   

Fantastic Holdings, Ltd.

    1,151        2,039   

FAR, Ltd. (a)

    882,955        47,552   

Finbar Group, Ltd.

    6,909        11,472   

Fleetwood Corp., Ltd. (c)

    30,946        72,671   

 

MSF-65


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

   

FlexiGroup, Ltd.

    50,884      $ 170,370   

Flinders Mines, Ltd. (a)

    606,380        15,751   

Focus Minerals, Ltd. (a)

    1,919,942        28,514   

Forge Group, Ltd. (b)

    34,499        0   

Funtastic, Ltd.

    88,662        10,713   

G8 Education, Ltd. (a)

    62,052        292,682   

Galaxy Resources, Ltd. (a) (b)

    75,661        5,675   

Geodynamics, Ltd. (a)

    82,317        5,420   

Gindalbie Metals, Ltd. (a)

    346,087        18,612   

Global Construction Services, Ltd. (a)

    9,380        4,531   

Goodman Fielder, Ltd.

    1,046,927        597,295   

GrainCorp, Ltd. - Class A

    92,744        724,495   

Grange Resources, Ltd.

    120,000        28,955   

Greencross, Ltd.

    657        5,004   

Greenland Minerals & Energy, Ltd. (a)

    69,811        12,324   

Gryphon Minerals, Ltd. (a)

    118,469        17,079   

GUD Holdings, Ltd. (c)

    44,683        226,064   

Gunns, Ltd. (a) (b) (c)

    309,759        0   

GWA Group, Ltd.

    136,751        370,598   

Hansen Technologies, Ltd.

    17,614        19,933   

HFA Holdings, Ltd.

    45,623        43,131   

Highlands Pacific, Ltd. (a)

    173,904        10,490   

Hillgrove Resources, Ltd. (a)

    207,073        15,558   

Hills, Ltd.

    80,453        126,890   

Horizon Oil, Ltd. (a) (c)

    652,736        187,785   

Icon Energy, Ltd. (a)

    157,110        22,610   

IDM International, Ltd. (a) (b)

    49,237        0   

iiNET, Ltd. (c)

    65,072        448,078   

Imdex, Ltd.

    98,650        60,599   

Independence Group NL (c)

    108,194        392,725   

Indophil Resources NL (a)

    149,398        21,929   

Infigen Energy, Ltd. (a) (c)

    282,132        52,333   

Infomedia, Ltd.

    67,545        44,910   

Integrated Research, Ltd.

    28,972        30,408   

International Ferro Metals, Ltd. (a)

    82,765        15,185   

Intrepid Mines, Ltd. (a)

    177,715        45,330   

Invocare, Ltd.

    52,100        523,850   

IOOF Holdings, Ltd.

    114,401        939,611   

Iress, Ltd.

    67,088        534,068   

Iron Ore Holdings, Ltd. (a)

    17,526        15,437   

JB Hi-Fi, Ltd. (c)

    51,555        896,765   

Jumbo Interactive, Ltd.

    17,427        28,803   

Jupiter Mines, Ltd. (a) (b)

    63,164        4,745   

K&S Corp., Ltd.

    1,802        2,525   

Kagara, Ltd. (a) (b) (c)

    131,297        2,801   

Kangaroo Resources, Ltd. (a)

    297,051        3,030   

Karoon Gas Australia, Ltd. (a)

    75,600        180,150   

Kingsgate Consolidated, Ltd. (a)

    74,801        68,638   

Kingsrose Mining, Ltd. (a)

    83,494        29,019   

Linc Energy, Ltd. (a)

    152,753        159,048   

Liquefied Natural Gas, Ltd. (a)

    11,253        6,159   

Lycopodium, Ltd.

    6,953        23,873   

M2 Telecommunications Group, Ltd.

    70,760        394,291   

MACA, Ltd.

    65,585        133,841   

Macmahon Holdings, Ltd. (a)

    557,730        62,101   

Macquarie Atlas Roads Group

    97,706        268,412   

Macquarie Telecom Group, Ltd.

    3,983        30,251   

Australia—(Continued)

   

Magellan Financial Group, Ltd.

    9,088      115,868   

Mastermyne Group, Ltd.

    5,402        2,656   

Matrix Composites & Engineering, Ltd. (a)

    14,874        16,689   

Maverick Drilling & Exploration, Ltd. (a)

    35,970        10,847   

MaxiTRANS Industries, Ltd.

    59,013        62,948   

Mayne Pharma Group, Ltd. (a)

    64,238        56,382   

McPherson’s, Ltd.

    34,460        39,199   

Medusa Mining, Ltd. (a) (c)

    60,972        117,679   

Melbourne IT, Ltd.

    36,135        46,347   

MEO Australia, Ltd. (a)

    220,030        7,960   

Mermaid Marine Australia, Ltd. (c)

    183,525        402,926   

Metals X, Ltd. (a)

    199,551        37,029   

Metgasco, Ltd. (a)

    117,719        10,203   

Metminco, Ltd. (a)

    116,326        2,482   

Mincor Resources NL

    105,687        64,697   

Mineral Deposits, Ltd. (a)

    48,078        96,691   

Mineral Resources, Ltd.

    61,208        652,116   

Molopo Energy, Ltd. (a)

    70,758        11,161   

Monadelphous Group, Ltd. (c)

    42,455        662,298   

Morning Star Gold NL (a) (b)

    33,455        652   

Mortgage Choice, Ltd.

    48,689        122,110   

Mount Gibson Iron, Ltd.

    439,215        371,096   

Myer Holdings, Ltd. (c)

    297,624        618,721   

MyState, Ltd.

    2,711        11,087   

Nanosonics, Ltd. (a)

    44,660        35,614   

Navitas, Ltd.

    96,272        654,001   

Neon Energy, Ltd. (a)

    259,085        6,784   

Newsat, Ltd. (a) (c)

    113,333        43,107   

Nexus Energy, Ltd. (a)

    625,142        11,595   

NIB Holdings, Ltd.

    238,467        619,370   

Nick Scali, Ltd.

    16,348        40,936   

Nido Petroleum, Ltd. (a)

    522,236        18,409   

Noble Mineral Resources, Ltd. (a) (b)

    83,737        0   

Northern Iron, Ltd. (a)

    90,404        16,771   

Northern Star Resources, Ltd.

    163,091        170,121   

NRW Holdings, Ltd. (c)

    162,933        160,732   

Nufarm, Ltd.

    92,426        341,376   

Oakton, Ltd.

    44,988        62,661   

Orocobre, Ltd. (a) (c)

    38,552        80,623   

OrotonGroup, Ltd.

    11,425        41,956   

Otto Energy, Ltd. (a)

    308,140        25,725   

OZ Minerals, Ltd. (c)

    103,887        344,823   

Pacific Brands, Ltd.

    621,651        306,350   

Paladin Energy, Ltd. (a) (c)

    473,815        204,525   

Pan Pacific Petroleum NL (a)

    55,564        5,154   

PanAust, Ltd.

    258,090        377,343   

Panoramic Resources, Ltd.

    146,618        54,491   

PaperlinX, Ltd. (a)

    340,846        11,376   

Patties Foods, Ltd.

    33,186        40,016   

Peet, Ltd. (a)

    110,439        145,450   

Peninsula Energy, Ltd. (a)

    454,116        14,749   

Perpetual, Ltd.

    19,830        920,131   

Perseus Mining, Ltd. (a)

    185,112        74,682   

Pharmaxis, Ltd. (a) (c)

    132,843        11,702   

Phosphagenics, Ltd. (a)

    345,965        30,198   

Platinum Australia, Ltd. (a)

    116,796        650   

Pluton Resources, Ltd. (a) (b)

    48,332        4,482   

 

MSF-66


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

   

PMP, Ltd. (a)

    158,703      $ 63,429   

Premier Investments, Ltd.

    44,992        411,923   

Primary Health Care, Ltd. (c)

    239,765        1,047,659   

Prime Media Group, Ltd.

    32,717        29,582   

Programmed Maintenance Services, Ltd.

    67,178        180,761   

Qube Holdings, Ltd.

    12,889        26,774   

Quickstep Holdings, Ltd. (a)

    31,204        5,066   

Ramelius Resources, Ltd. (a)

    155,944        15,903   

RCG Corp., Ltd. (c)

    51,116        37,977   

RCR Tomlinson, Ltd.

    68,177        176,482   

REA Group, Ltd. (c)

    3,805        172,111   

Reckon, Ltd. (c)

    46,318        86,799   

Red Fork Energy, Ltd. (a) (c)

    237,685        23,158   

Redflex Holdings, Ltd.

    19,984        20,216   

Regional Express Holdings, Ltd. (a)

    9,952        7,461   

Regis Resources, Ltd.

    164,684        346,840   

Reject Shop, Ltd. (The) (c)

    17,811        167,829   

Resolute Mining, Ltd. (a)

    248,330        135,067   

Resource Generation, Ltd. (a)

    58,515        10,099   

Retail Food Group, Ltd. (c)

    60,352        244,926   

Rex Minerals, Ltd. (a)

    42,465        14,576   

Ridley Corp., Ltd. (a)

    123,003        94,709   

Roc Oil Co., Ltd. (a)

    416,062        178,995   

RungePincockMinarco, Ltd. (a)

    4,190        2,779   

Ruralco Holdings, Ltd.

    7,095        22,044   

SAI Global, Ltd. (c)

    106,126        403,668   

Salmat, Ltd.

    45,807        82,227   

Samson Oil & Gas, Ltd. (a)

    581,639        13,706   

Sandfire Resources NL (a) (c)

    47,114        255,403   

Saracen Mineral Holdings, Ltd. (a)

    318,233        97,967   

Sedgman, Ltd.

    48,829        21,741   

Select Harvests, Ltd.

    15,247        92,924   

Senex Energy, Ltd. (a)

    409,015        284,779   

Servcorp, Ltd.

    18,320        71,884   

Service Stream, Ltd.

    56,942        12,184   

Seven West Media, Ltd. (c)

    49,793        91,483   

Sigma Pharmaceuticals, Ltd.

    621,692        383,487   

Sihayo Gold, Ltd. (a)

    181,026        4,197   

Silex Systems, Ltd. (a)

    28,112        54,773   

Silver Chef, Ltd.

    6,956        32,390   

Silver Lake Resources, Ltd. (a)

    112,092        44,351   

Sims Metal Management, Ltd. (a)

    81,094        739,118   

Sirtex Medical, Ltd.

    20,982        302,149   

Skilled Group, Ltd.

    87,824        225,003   

Slater & Gordon, Ltd.

    29,921        126,855   

SMS Management & Technology, Ltd.

    42,700        140,860   

Southern Cross Electrical Engineering, Ltd.

    22,440        15,397   

Southern Cross Media Group, Ltd.

    328,410        418,357   

Spark Infrastructure Group

    407,017        645,631   

Specialty Fashion Group, Ltd.

    57,983        48,199   

St. Barbara, Ltd. (a)

    192,892        49,214   

Starpharma Holdings, Ltd. (a) (c)

    81,789        57,638   

Straits Resources, Ltd. (a) (c)

    39,613        185   

Strike Energy, Ltd. (a)

    182,555        22,061   

STW Communications Group, Ltd.

    187,396        243,450   

Sundance Energy Australia, Ltd. (a)

    89,678        79,858   

Sundance Resources, Ltd. (a) (c)

    819,104        72,987   

Australia—(Continued)

   

Sunland Group, Ltd.

    73,931      116,194   

Super Retail Group, Ltd.

    69,714        714,022   

Swick Mining Services, Ltd.

    56,563        13,648   

TABCORP Holdings, Ltd.

    6,626        20,997   

Tap Oil, Ltd. (a)

    148,197        51,537   

Tassal Group, Ltd.

    66,700        239,807   

Technology One, Ltd.

    85,252        181,235   

Ten Network Holdings, Ltd. (a) (c)

    750,180        191,970   

TFS Corp., Ltd.

    78,407        120,911   

Thorn Group, Ltd.

    71,456        142,597   

Tiger Resources, Ltd. (a)

    430,981        146,669   

Toro Energy, Ltd. (a)

    75,052        5,082   

Tox Free Solutions, Ltd.

    76,909        240,014   

Transfield Services, Ltd. (a)

    248,514        193,559   

Transpacific Industries Group, Ltd. (a)

    525,544        558,374   

Treasury Group, Ltd.

    3,740        35,803   

Troy Resources, Ltd. (a)

    47,537        46,372   

UGL, Ltd. (c)

    29,320        191,643   

Unity Mining, Ltd. (a)

    173,949        3,550   

UXC, Ltd.

    144,893        114,944   

Village Roadshow, Ltd.

    32,709        211,785   

Virgin Australia Holdings, Ltd. (a)

    1,314,763        452,437   

Virgin Australia International Holding, Ltd. (b)

    968,773        1   

Vision Eye Institute, Ltd. (a)

    37,056        20,893   

Vocus Communications, Ltd.

    28,409        121,495   

Watpac, Ltd.

    37,999        32,774   

WDS, Ltd.

    55,558        60,349   

Webjet, Ltd. (c)

    22,295        56,868   

Western Areas, Ltd. (c)

    104,247        321,184   

Western Desert Resources, Ltd. (a)

    64,456        30,497   

White Energy Co., Ltd. (a) (c)

    78,162        10,873   

Wide Bay Australia, Ltd.

    9,275        52,042   

Wotif.com Holdings, Ltd. (c)

    57,535        141,487   
   

 

 

 
      49,662,729   
   

 

 

 

Austria—1.0%

  

A-TEC Industries AG (a) (b) (c)

    1,749        0   

Agrana Beteiligungs AG (c)

    1,694        204,903   

AMS AG

    5,826        818,548   

Austria Technologie & Systemtechnik AG

    8,022        96,485   

CA Immobilien Anlagen AG (a) (c)

    22,098        398,684   

CAT Oil AG

    9,471        198,181   

DO & Co. AG

    638        33,061   

EVN AG (c)

    20,562        289,214   

Flughafen Wien AG

    6,864        680,859   

Frauenthal Holding AG

    270        3,403   

Kapsch TrafficCom AG

    3,069        168,767   

Lenzing AG (c)

    5,322        292,903   

Mayr Melnhof Karton AG

    4,652        582,107   

Oberbank AG

    174        11,950   

Oesterreichische Post AG

    18,004        907,087   

Palfinger AG

    7,563        293,806   

POLYTEC Holding AG

    10,783        117,064   

RHI AG (c)

    14,831        477,703   

Rosenbauer International AG

    1,972        183,716   

S IMMO AG (a)

    35,979        265,114   

 

MSF-67


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Austria—(Continued)

   

Schoeller-Bleckmann Oilfield Equipment AG

    5,616      $ 657,001   

Semperit AG Holding

    6,630        356,636   

Strabag SE

    10,968        283,614   

Telekom Austria AG

    7,113        70,577   

Uniqa Insurance Group AG

    11,945        158,684   

Wienerberger AG (c)

    71,414        1,364,501   

Wolford AG (a)

    1,065        25,964   

Zumtobel AG

    19,568        485,131   
   

 

 

 
      9,425,663   
   

 

 

 

Belgium—1.4%

  

Ablynx NV (a)

    16,588        219,885   

Ackermans & van Haaren NV

    14,601        1,846,410   

AGFA-Gevaert NV (a)

    125,762        427,158   

Arseus NV

    13,446        724,924   

Atenor Group

    1,048        55,631   

Banque Nationale de Belgique

    124        577,519   

Barco NV

    8,211        658,147   

Cie d’Entreprises CFE

    5,563        604,891   

Cie Immobiliere de Belgique S.A.

    1,054        57,427   

Cie Maritime Belge S.A.

    8,912        279,268   

D’ieteren S.A.

    13,290        623,521   

Deceuninck NV (a)

    49,164        165,774   

Econocom Group (c)

    37,316        428,497   

Elia System Operator S.A.

    16,162        816,375   

Euronav NV (a)

    11,523        135,573   

EVS Broadcast Equipment S.A.

    8,288        538,025   

Exmar NV

    17,359        285,320   

Galapagos NV (a) (c)

    16,401        363,826   

Gimv NV

    250        12,785   

Hamon & CIE S.A. (a)

    300        6,166   

Ion Beam Applications (a)

    11,487        142,242   

Jensen-Group NV

    738        14,257   

Kinepolis Group NV

    2,580        505,318   

Lotus Bakeries

    161        183,037   

Melexis NV

    13,858        536,575   

Mobistar S.A.

    1,689        31,897   

NV Bekaert S.A. (c)

    18,666        762,767   

Nyrstar (a) (c)

    85,533        318,489   

Picanol (a)

    1,699        66,765   

RealDolmen NV (a)

    1,200        33,263   

Recticel S.A.

    13,561        126,375   

Rentabiliweb Group (a)

    440        5,698   

Resilux

    55        8,232   

RHJ International (a)

    2,453        12,346   

Roularta Media Group NV (a)

    1,629        28,467   

Sioen Industries NV

    5,558        69,722   

Sipef S.A.

    3,850        318,965   

Tessenderlo Chemie NV (c)

    16,495        476,221   

ThromboGenics NV (a) (c)

    18,561        524,444   

Van de Velde NV

    5,079        272,885   

Viohalco S.A. (a)

    45,397        294,603   
   

 

 

 
      13,559,690   
   

 

 

 

Cambodia—0.0%

  

NagaCorp., Ltd.

    156,000        162,579   
   

 

 

 

Canada—8.6%

  

5N Plus, Inc. (a)

    33,732      116,559   

Aberdeen International, Inc. (a)

    9,500        1,246   

Absolute Software Corp.

    26,054        165,680   

Acadian Timber Corp. (c)

    3,800        44,686   

Advantage Oil & Gas, Ltd. (a)

    117,131        578,503   

Aecon Group, Inc.

    40,222        626,161   

AG Growth International, Inc. (c)

    7,238        306,412   

AGF Management, Ltd. - Class B (c)

    66,450        769,991   

AgJunction, Inc. (a)

    12,375        9,851   

Ainsworth Lumber Co., Ltd. (a)

    57,353        206,481   

Air Canada - Class A (a)

    15,459        77,330   

Akita Drilling, Ltd. - Class A

    2,003        30,077   

Alacer Gold Corp.

    38,050        96,373   

Alamos Gold, Inc.

    69,532        628,335   

Alaris Royalty Corp. (c)

    6,854        185,377   

Alexco Resource Corp. (a) (c)

    29,109        43,710   

Algoma Central Corp.

    4,410        63,188   

Algonquin Power & Utilities Corp.

    93,226        657,768   

Alliance Grain Traders, Inc.

    7,901        125,501   

Alterra Power Corp. (a)

    168,776        45,801   

Altius Minerals Corp. (a)

    9,660        128,625   

Altus Group, Ltd.

    14,488        236,552   

Alvopetro Energy, Ltd. (a)

    52,442        50,284   

Amerigo Resources, Ltd. (a)

    44,359        18,658   

Amica Mature Lifestyles, Inc.

    11,291        78,133   

Anderson Energy, Ltd. (a)

    46,999        10,203   

Andrew Peller, Ltd. - Class A

    1,139        14,012   

Antrim Energy, Inc. (a)

    58,587        3,445   

Argonaut Gold, Inc. (a)

    37,825        164,918   

Arsenal Energy, Inc.

    8,955        53,220   

Asanko Gold, Inc. (a) (c)

    23,027        47,908   

ATS Automation Tooling Systems, Inc. (a)

    47,088        611,228   

Augusta Resource Corp. (a) (c)

    16,090        49,922   

AuRico Gold, Inc.

    126,230        550,365   

AutoCanada, Inc. (c)

    10,728        596,809   

Avalon Rare Metals, Inc. (a)

    28,205        18,114   

Avigilon Corp. (a)

    4,281        110,714   

Axia NetMedia Corp.

    32,333        74,581   

B2Gold Corp. (a)

    148,473        402,912   

Badger Daylighting, Ltd. (c)

    18,762        705,166   

Ballard Power Systems, Inc. (a)

    58,407        256,241   

Bankers Petroleum, Ltd. (a) (c)

    167,493        815,117   

Bauer Performance Sports, Ltd. (a)

    12,635        162,181   

Bellatrix Exploration, Ltd. (a)

    79,979        676,439   

Birchcliff Energy, Ltd. (a) (c)

    58,552        582,607   

Bird Construction, Inc. (c)

    9,212        117,660   

Black Diamond Group, Ltd. (c)

    19,812        613,805   

BlackPearl Resources, Inc. (a) (c)

    117,817        280,288   

BMTC Group, Inc. - Class A

    5,387        73,240   

BNK Petroleum, Inc. (a)

    16,642        30,710   

Bonterra Energy Corp. (c)

    6,612        320,343   

Boralex, Inc. - Class A (c)

    13,002        152,896   

Brookfield Real Estate Services, Inc.

    800        10,703   

Brookfield Residential Properties, Inc. (a)

    8,385        176,043   

Calfrac Well Services, Ltd. (c)

    20,414        649,629   

Calian Technologies, Ltd.

    4,196        70,598   

Calvalley Petroleums, Inc. - Class A (a)

    19,422        28,988   

 

MSF-68


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Canaccord Financial, Inc.

    54,653      $ 405,386   

Canacol Energy, Ltd. (a)

    32,061        202,429   

Canada Bread Co., Ltd.

    139        9,078   

Canadian Energy Services & Technology Corp. (c)

    23,479        608,904   

Canadian Western Bank (c)

    28,887        972,307   

Canam Group, Inc.

    22,324        278,469   

CanElson Drilling, Inc.

    27,317        178,160   

Canexus Corp. (c)

    28,655        129,861   

Canfor Corp. (a)

    35,939        848,492   

Canfor Pulp Products, Inc. (c)

    21,696        230,600   

CanWel Building Materials Group, Ltd.

    28,809        74,531   

Canyon Services Group, Inc.

    31,600        391,320   

Capital Power Corp. (c)

    43,408        1,009,908   

Capstone Infrastructure Corp. (c)

    49,417        179,698   

Capstone Mining Corp. (a)

    178,046        470,280   

Cascades, Inc.

    46,236        315,768   

Cash Store Financial Services, Inc. (The) (a)

    3,705        369   

Cathedral Energy Services, Ltd.

    19,242        73,452   

CCL Industries, Inc. - Class B

    13,368        1,145,379   

Celestica, Inc. (a)

    100,007        1,094,619   

Centerra Gold, Inc.

    19,963        92,998   

Cequence Energy, Ltd. (a) (c)

    86,636        200,623   

Cervus Equipment Corp.

    1,370        27,673   

Chaparral Gold Corp. (a)

    15,698        8,520   

China Gold International Resources Corp., Ltd. (a)

    88,813        220,928   

Chinook Energy, Inc. (a)

    15,717        19,193   

Churchill Corp. - Class A

    11,157        112,529   

Cineplex, Inc. (c)

    27,567        1,049,067   

Clairvest Group, Inc.

    200        4,324   

Clarke, Inc.

    1,730        12,957   

Claude Resources, Inc. (a)

    78,467        14,551   

Clearwater Seafoods, Inc.

    1,500        10,285   

Cogeco Cable, Inc.

    9,471        491,327   

Cogeco, Inc.

    2,004        99,339   

Colabor Group, Inc.

    9,830        35,568   

COM DEV International, Ltd. (a)

    44,065        151,467   

Computer Modelling Group, Ltd.

    14,460        381,414   

Connacher Oil and Gas, Ltd. (a)

    280,466        68,499   

Contrans Group, Inc. - Class A

    15,374        174,531   

Copper Mountain Mining Corp. (a) (c)

    57,011        110,876   

Corby Spirit and Wine, Ltd. (c)

    11,141        200,347   

Corridor Resources, Inc. (a) (c)

    21,385        33,852   

Corus Entertainment, Inc. - B Shares (c)

    42,940        948,137   

Cott Corp.

    56,748        481,498   

Crew Energy, Inc. (a)

    69,029        548,860   

Crocotta Energy, Inc. (a)

    41,143        126,164   

Davis & Henderson Corp. (c)

    34,607        967,932   

DeeThree Exploration, Ltd. (a)

    46,204        396,213   

Delphi Energy Corp. (a)

    95,850        232,364   

Denison Mines Corp. (a)

    247,548        364,996   

Descartes Systems Group, Inc. (The) (a)

    34,536        482,651   

DHX Media, Ltd. (c)

    35,825        146,476   

DirectCash Payments, Inc. (c)

    5,874        77,629   

Dominion Diamond Corp. (a)

    43,482        583,986   

Dorel Industries, Inc. - Class B

    13,456        450,237   

Canada—(Continued)

   

DragonWave, Inc. (a)

    18,544      25,832   

Duluth Metals, Ltd. (a)

    31,662        18,616   

Dundee Precious Metals, Inc. (a)

    59,580        215,038   

Dynasty Metals & Mining, Inc. (a)

    8,618        10,524   

E-L Financial Corp., Ltd.

    112        73,451   

Eastern Platinum, Ltd. (a)

    420,034        30,396   

easyhome, Ltd.

    2,000        32,456   

Eco Oro Minerals Corp. (a) (c)

    16,900        6,268   

EcoSynthetix, Inc. (a)

    800        1,882   

EGI Financial Holdings, Inc.

    900        10,787   

Enbridge Income Fund Holdings, Inc. (c)

    25,948        622,001   

Endeavour Mining Corp. (a)

    114,590        81,887   

Endeavour Silver Corp. (a)

    38,900        167,845   

Enerflex, Ltd. (c)

    10,930        174,010   

Energy Fuels, Inc. (a)

    4,125        38,507   

Enghouse Systems, Ltd.

    8,877        252,298   

Entree Gold, Inc. (a)

    15,350        5,415   

Epsilon Energy, Ltd. (a)

    27,905        90,114   

Equal Energy, Ltd.

    10,687        48,916   

Equitable Group, Inc.

    5,801        303,510   

Equity Financial Holdings, Inc. (a)

    1,100        11,323   

Essential Energy Services Trust (a) (c)

    68,226        168,482   

Evertz Technologies, Ltd.

    14,549        222,940   

Excellon Resources, Inc. (a)

    21,284        27,146   

Exchange Income Corp. (c)

    9,565        177,630   

Exco Technologies, Ltd.

    13,332        107,331   

Exeter Resource Corp. (a)

    11,335        6,870   

EXFO, Inc. (a) (c)

    15,843        78,391   

Extendicare Inc. (c)

    45,167        282,319   

Fiera Capital Corp.

    1,403        18,161   

Firm Capital Mortgage Investment Corp.

    2,307        25,063   

First Majestic Silver Corp. (a) (c)

    40,360        389,179   

First National Financial Corp. (c)

    5,807        128,011   

FirstService Corp.

    12,580        597,422   

Forsys Metals Corp. (a)

    25,356        12,156   

Fortress Paper, Ltd. - Class A (a) (c)

    7,338        25,821   

Fortuna Silver Mines, Inc. (a)

    78,401        288,641   

Fortune Bay Corp. (a) (c)

    9,092        2,714   

Fortune Minerals, Ltd. (a)

    11,100        3,765   

Gamehost, Inc.

    7,859        101,517   

Gasfrac Energy Services, Inc. (a)

    6,993        11,955   

Genesis Land Development Corp. (a)

    17,608        60,206   

Glacier Media, Inc.

    9,600        11,723   

Glentel, Inc. (c)

    7,499        85,674   

GLG Life Tech Corp. (a)

    3,198        1,446   

Gluskin Sheff & Associates, Inc.

    10,833        312,888   

GLV, Inc. - Class A (a)

    12,735        44,466   

GMP Capital, Inc.

    40,036        269,080   

Golden Star Resources, Ltd. (a)

    142,170        83,592   

Gran Tierra Energy, Inc. (a)

    157,209        1,180,312   

Great Canadian Gaming Corp. (a)

    32,000        413,351   

Great Panther Silver, Ltd. (a)

    67,206        67,480   

Guyana Goldfields, Inc. (a)

    41,155        91,207   

Hanfeng Evergreen, Inc. (a)

    12,100        3,284   

Heroux-Devtek, Inc. (a)

    15,800        163,502   

High Liner Foods, Inc.

    2,800        116,331   

HNZ Group, Inc. (c)

    5,368        106,486   

 

MSF-69


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Home Capital Group, Inc. (c)

    26,768      $ 1,081,132   

Horizon North Logistics, Inc.

    56,814        429,638   

HudBay Minerals, Inc. (c)

    106,334        830,088   

Imax Corp. (a) (c)

    21,589        589,964   

Imperial Metals Corp. (a)

    23,826        306,473   

Imris, Inc. (a)

    14,626        23,153   

Indigo Books & Music, Inc.

    1,986        16,797   

Innergex Renewable Energy, Inc. (c)

    40,252        363,014   

International Forest Products, Ltd. - Class A (a)

    35,592        529,936   

International Tower Hill Mines, Ltd. (a)

    21,604        16,416   

Intertape Polymer Group, Inc. (c)

    30,446        342,604   

Ithaca Energy, Inc. (a)

    146,116        363,473   

Ivanhoe Energy, Inc. (a) (c)

    44,568        23,786   

Ivernia, Inc. (a)

    71,989        8,140   

Jaguar Mining, Inc. (a) (c)

    44,308        1,202   

Just Energy Group, Inc. (c)

    71,937        578,489   

K-Bro Linen, Inc. (c)

    4,038        142,928   

Katanga Mining, Ltd. (a)

    26,500        9,828   

Kelt Exploration, Ltd. (a)

    16,500        191,791   

Killam Properties, Inc. (c)

    31,951        294,799   

Kingsway Financial Services, Inc. (a)

    8,765        35,044   

Kirkland Lake Gold, Inc. (a) (c)

    26,382        80,423   

Knight Therapeutics, Inc. (a) (c)

    4,998        23,871   

Lake Shore Gold Corp. (a)

    187,975        124,126   

Laramide Resources, Ltd. (a)

    6,531        3,249   

Laurentian Bank of Canada (c)

    21,718        927,656   

Le Chateau, Inc. - Class A (a)

    2,899        6,975   

Legacy Oil + Gas, Inc. (a)

    78,837        518,449   

Leisureworld Senior Care Corp. (c)

    19,276        212,376   

Leon’s Furniture, Ltd.

    13,469        191,709   

Lightstream Resources, Ltd. (c)

    108,373        550,933   

Linamar Corp.

    20,100        927,273   

Liquor Stores N.A., Ltd. (c)

    13,560        150,748   

Long Run Exploration, Ltd. (c)

    56,849        272,546   

Lucara Diamond Corp. (a)

    53,900        87,761   

Mainstreet Equity Corp. (a)

    3,700        123,400   

Major Drilling Group International, Inc. (c)

    54,870        424,864   

Manitoba Telecom Services, Inc.

    12,054        330,599   

Maple Leaf Foods, Inc. (c)

    55,470        883,606   

Martinrea International, Inc.

    53,037        478,317   

Maxim Power Corp. (a)

    2,800        7,218   

MBAC Fertilizer Corp. (a) (c)

    37,132        20,825   

McCoy Corp.

    6,943        36,364   

McEwen Mining - Minera Andes Andes Acquisition Corp. (a)

    29,122        69,545   

Mediagrif Interactive Technologies, Inc.

    4,916        81,244   

Medical Facilities Corp. (c)

    9,958        183,216   

MEGA Brands, Inc. (a) (c)

    8,058        129,088   

Mega Uranium, Ltd. (a)

    53,800        11,436   

Melcor Developments, Ltd.

    2,181        42,653   

Mercator Minerals, Ltd. (a)

    15,910        1,439   

MGM Energy Corp. (a)

    6,492        910   

Migao Corp. (a)

    20,785        24,818   

Minco Silver Corp. (a)

    10,913        9,279   

Mitel Networks Corp. (a)

    16,243        171,466   

Mood Media Corp. (a)

    28,391        19,261   

Canada—(Continued)

   

Morneau Shepell, Inc. (c)

    27,362      371,262   

MTY Food Group, Inc.

    1,365        37,487   

Mullen Group, Ltd. (c)

    49,781        1,249,591   

Nautilus Minerals, Inc. (a)

    52,914        10,530   

Nevada Copper Corp. (a)

    10,550        17,082   

Nevsun Resources, Ltd. (c)

    116,926        395,571   

New Flyer Industries, Inc. (c)

    9,332        95,810   

Newalta Corp. (c)

    23,264        423,824   

Niko Resources, Ltd. (a) (c)

    15,963        31,045   

Norbord, Inc.

    13,816        364,053   

Nordion, Inc. (a)

    51,425        592,632   

North American Energy Partners, Inc. (c)

    14,743        106,155   

North American Palladium, Ltd. (a) (c)

    108,692        53,092   

North West Co., Inc. (The) (c)

    23,848        528,949   

Northern Dynasty Minerals, Ltd. (a) (c)

    27,464        27,079   

Northland Power, Inc.

    4,814        75,770   

NuVista Energy, Ltd. (a)

    49,017        424,770   

OceanaGold Corp. (a)

    150,911        319,432   

Orvana Minerals Corp. (a)

    35,962        19,843   

Parex Resources, Inc. (a)

    55,359        475,722   

Parkland Fuel Corp. (c)

    37,163        718,048   

Pason Systems, Inc. (c)

    35,716        903,319   

Perpetual Energy, Inc. (a)

    50,316        64,175   

Petaquilla Minerals, Ltd. (a)

    51,667        11,450   

Petrobank Energy & Resources, Ltd. (a) (c)

    52,473        18,037   

Phoscan Chemical Corp. (a)

    51,767        13,814   

PHX Energy Services Corp.

    14,550        174,126   

Pilot Gold, Inc. (a)

    11,266        14,471   

Platinum Group Metals, Ltd. (a) (c)

    32,084        32,215   

Points International, Ltd. (a)

    6,320        162,931   

Polymet Mining Corp. (a) (c)

    38,355        52,389   

Poseidon Concepts Corp. (a)

    17,540        9   

Premium Brands Holdings Corp.

    11,279        213,847   

Primero Mining Corp. (a)

    70,253        509,024   

Pulse Seismic, Inc.

    35,720        105,334   

Pure Technologies, Ltd.

    12,806        77,380   

QLT, Inc. (a)

    25,500        141,859   

Questerre Energy Corp. - Class A (a) (c)

    83,569        96,004   

RB Energy, Inc. (a) (c)

    76,741        56,922   

Reitmans Canada, Ltd.

    4,000        20,443   

Reitmans Canada, Ltd. - Class A (c)

    32,366        168,637   

Richelieu Hardware, Ltd.

    6,930        304,657   

Richmont Mines, Inc. (a)

    12,038        16,987   

Ritchie Bros Auctioneers, Inc. (c)

    47,401        1,145,685   

RMP Energy, Inc. (a)

    72,808        492,631   

Rock Energy, Inc. (a)

    6,887        35,447   

Rocky Mountain Dealerships, Inc.

    9,738        103,766   

Rogers Sugar, Inc. (c)

    52,425        219,564   

RONA, Inc.

    75,889        775,022   

Rubicon Minerals Corp. (a) (c)

    49,480        52,367   

Russel Metals, Inc. (c)

    34,722        946,021   

Sabina Gold & Silver Corp. (a) (c)

    45,006        31,755   

San Gold Corp. (a)

    84,387        11,450   

Sandstorm Gold, Ltd. (a) (c)

    21,500        120,579   

Sandvine Corp. (a) (c)

    90,000        254,003   

Santonia Energy, Inc. (a) (c)

    62,059        87,573   

Savanna Energy Services Corp. (c)

    55,506        388,617   

 

MSF-70


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Scorpio Mining Corp. (a)

    88,421      $ 21,995   

Sears Canada, Inc.

    4,468        66,687   

Secure Energy Services, Inc. (c)

    55,376        951,235   

SEMAFO, Inc.

    123,983        437,389   

Serinus Energy, Inc. (a)

    1,398        4,565   

ShawCor, Ltd.

    16,891        704,365   

Sherritt International Corp. (c)

    184,210        643,194   

Shore Gold, Inc. (a)

    82,170        19,325   

Sierra Wireless, Inc. (a) (c)

    19,913        434,482   

Silver Standard Resources, Inc. (a)

    37,551        372,623   

Sonde Resources Corp. (a)

    8,744        3,876   

Southern Pacific Resource Corp. (a)

    198,574        59,276   

SouthGobi Resources, Ltd. (a)

    65,809        36,908   

Sprott Resource Corp.

    60,105        135,379   

Sprott, Inc.

    56,427        184,262   

Spyglass Resources Corp. (c)

    50,541        83,206   

St Andrew Goldfields, Ltd. (a)

    87,850        23,840   

Stantec, Inc.

    20,624        1,260,535   

Stella-Jones, Inc.

    14,032        389,799   

Stornoway Diamond Corp. (a) (c)

    33,687        36,567   

Strad Energy Services, Ltd.

    10,641        44,277   

Student Transportation, Inc. (c)

    33,613        207,972   

Sulliden Gold Corp., Ltd. (a)

    68,700        48,472   

SunOpta, Inc. (a)

    35,292        416,289   

Superior Plus Corp. (c)

    67,466        743,316   

Surge Energy, Inc. (c)

    52,044        289,055   

TAG Oil, Ltd. (a) (c)

    22,471        61,589   

Taseko Mines, Ltd. (a)

    131,286        260,078   

Tekmira Pharmaceuticals Corp. (a)

    1,900        41,214   

Tembec, Inc. (a) (c)

    50,711        114,679   

Teranga Gold Corp. (a)

    91,593        71,144   

Tethys Petroleum, Ltd. (a)

    99,200        48,456   

Thompson Creek Metals Co., Inc. (a) (c)

    119,418        260,332   

Timminco, Ltd. (a)

    16,700        20   

Timmins Gold Corp. (a)

    87,398        109,890   

TORC Oil & Gas, Ltd.

    7,367        80,634   

Toromont Industries, Ltd. (c)

    29,983        692,145   

Torstar Corp. - Class B

    37,353        223,003   

Total Energy Services, Inc. (c)

    18,098        315,958   

Transcontinental, Inc. - Class A (c)

    37,360        541,053   

TransForce, Inc. (c)

    40,293        857,980   

TransGlobe Energy Corp. (a)

    36,372        277,355   

Transition Therapeutics, Inc. (a)

    800        6,390   

Trican Well Service, Ltd.

    88,161        1,115,669   

Trinidad Drilling, Ltd.

    72,358        758,597   

TSO3, Inc. (a)

    17,113        7,585   

Twin Butte Energy, Ltd. (c)

    153,792        314,401   

Uex Corp. (a)

    89,800        38,991   

Uni-Select, Inc.

    8,978        242,824   

Ur-Energy, Inc. (a)

    3,493        5,403   

Valener, Inc.

    7,716        108,603   

Vecima Networks, Inc.

    2,500        13,275   

Veresen, Inc. (c)

    19,607        295,834   

Vicwest, Inc.

    10,300        86,276   

Virginia Mines, Inc. (a)

    8,108        89,844   

Wajax Corp. (c)

    11,027        365,572   

WaterFurnace Renewable Energy, Inc.

    4,069        75,196   

Wesdome Gold Mines, Ltd. (a)

    38,107        25,163   

Canada—(Continued)

   

West Fraser Timber Co., Ltd.

    3,813      174,180   

Western Energy Services Corp. (c)

    13,520        122,298   

Western Forest Products, Inc.

    100,600        219,309   

Westshore Terminals Investment Corp. (c)

    4,400        131,741   

Whistler Blackcomb Holdings, Inc. (c)

    9,267        127,248   

Whitecap Resources, Inc. (c)

    72,761        812,185   

Wi-Lan, Inc. (c)

    82,419        246,027   

Winpak, Ltd.

    6,902        173,565   

WSP Global, Inc. (c)

    18,898        610,787   

Xtreme Drilling and Coil Services Corp. (a)

    11,600        47,848   

Zargon Oil & Gas, Ltd. (c)

    13,621        108,426   

ZCL Composites, Inc.

    11,681        64,983   

Zenith Epigenetics Corp. (a) (b)

    12,830        940   
   

 

 

 
      85,007,100   
   

 

 

 

Denmark—2.1%

  

ALK-Abello A/S

    3,402        411,674   

Alm Brand A/S (a)

    47,930        233,509   

Ambu A/S

    2,661        173,334   

Auriga Industries - Class B (a)

    9,580        340,077   

Bakkafrost P/F

    8,908        147,454   

Bang & Olufsen A/S (a) (c)

    17,941        210,559   

Bavarian Nordic A/S (a)

    14,671        267,113   

BoConcept Holding A/S - Class B (a)

    228        4,144   

Brodrene Hartmann A/S

    52        1,803   

D/S Norden A/S

    13,959        595,043   

DFDS A/S

    2,274        186,362   

East Asiatic Co., Ltd. A/S (a)

    6,828        111,040   

Genmab A/S (a)

    21,485        874,969   

GN Store Nord A/S

    144,283        3,587,154   

Greentech Energy Systems A/S (a)

    1,142        2,654   

Gronlandsbanken AB

    17        2,080   

Harboes Bryggeri A/S - Class B

    1,454        25,212   

IC Companys A/S

    5,141        154,767   

Jeudan A/S

    201        22,552   

Jyske Bank A/S (a)

    28,997        1,594,280   

NKT Holding A/S

    13,143        761,566   

Nordjyske Bank A/S

    185        3,755   

Parken Sport & Entertainment A/S (a)

    2,351        33,184   

PER Aarsleff A/S - Class B

    962        167,223   

Ringkjoebing Landbobank A/S

    2,249        489,782   

Rockwool International A/S - B Shares

    3,675        714,398   

Royal UNIBREW A/S

    4,703        783,987   

Schouw & Co.

    8,773        429,732   

SimCorp A/S

    22,290        904,936   

Solar A/S - B Shares

    3,176        238,245   

Spar Nord Bank A/S (a)

    32,428        359,524   

Sydbank A/S (a)

    44,611        1,141,817   

TK Development A/S (a)

    41,237        61,676   

Topdanmark A/S (a)

    69,020        2,012,230   

TopoTarget A/S (a)

    49,340        29,618   

Torm A/S (a)

    9,596        2,680   

United International Enterprises

    1,276        257,782   

Vestas Wind Systems A/S (a)

    91,348        3,687,749   

Vestjysk Bank A/S (a)

    3,300        5,605   

Zealand Pharma A/S (a) (c)

    4,907        62,481   
   

 

 

 
      21,093,750   
   

 

 

 

 

MSF-71


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—2.6%

  

Afarak Group Oyj (a)

    95,130      $ 49,770   

Ahlstrom Oyj (c)

    11,406        125,382   

Aktia Bank Oyj

    3,139        40,948   

Alma Media Oyj (a)

    32,099        123,024   

Amer Sports Oyj

    63,555        1,349,787   

Apetit Oyj

    1,205        32,717   

Aspo Oyj

    11,042        81,536   

Atria plc

    5,250        59,451   

BasWare Oyj

    3,525        191,322   

Biotie Therapies Oyj (a) (c)

    118,993        35,946   

Cargotec Oyj - B Shares (c)

    19,031        820,455   

Caverion Corp.

    58,474        629,351   

Citycon Oyj

    163,905        583,353   

Comptel Oyj

    30,187        22,042   

Cramo Oyj

    9,503        200,061   

Elektrobit Oyj

    43,163        154,411   

Elisa Oyj (c)

    64,534        1,858,347   

F-Secure Oyj (c)

    54,590        180,642   

Finnair Oyj (a)

    47,520        176,086   

Finnlines Oyj (a)

    9,624        97,971   

Fiskars Oyj Abp

    21,766        581,114   

HKScan Oyj - A Shares

    13,925        83,359   

Huhtamaki Oyj

    51,530        1,415,204   

Ilkka-Yhtyma Oyj

    2,976        10,906   

Kemira Oyj (c)

    57,407        837,751   

Kesko Oyj - A Shares

    139        5,977   

Kesko Oyj - B Shares (c)

    35,959        1,570,471   

Konecranes Oyj (c)

    26,787        854,473   

Lassila & Tikanoja Oyj

    17,709        353,712   

Lemminkainen Oyj

    4,314        78,483   

Metsa Board Oyj (c)

    135,387        623,877   

Munksjo Oyj (a)

    6,311        52,720   

Neste Oil Oyj (c)

    76,825        1,566,312   

Okmetic Oyj

    6,360        39,897   

Olvi Oyj - A Shares

    8,023        275,388   

Oriola-KD Oyj - B Shares (a)

    67,230        232,871   

Orion Oyj - Class A (c)

    19,816        596,369   

Orion Oyj - Class B (c)

    43,350        1,309,725   

Outokumpu Oyj (a) (c)

    2,556,930        653,486   

Outotec Oyj (c)

    95,223        1,055,626   

PKC Group Oyj

    12,102        377,468   

Ponsse Oy

    3,208        46,463   

Poyry Oyj (a)

    21,383        124,423   

Raisio plc - V Shares (c)

    73,120        483,676   

Ramirent Oyj (c)

    63,927        701,144   

Rapala VMC Oyj

    8,902        69,296   

Rautaruukki Oyj (a)

    58,187        645,155   

Saga Furs Oyj (a)

    836        32,586   

Sanoma Oyj (c)

    49,815        347,217   

Sievi Capital plc (a)

    10,528        17,285   

SRV Group plc

    30        155   

Stockmann Oyj Abp - B Shares (c)

    16,769        247,686   

Talvivaara Mining Co. plc (a) (c)

    286,881        17,184   

Technopolis plc (c)

    45,493        264,216   

Teleste Oyj

    772        4,820   

Tieto Oyj (c)

    35,284        907,857   

Tikkurila Oyj (c)

    22,439        529,214   

Finland—(Continued)

   

Uponor Oyj (c)

    31,280      570,091   

Vacon plc (c)

    10,350        436,036   

Vaisala Oyj - A Shares (c)

    4,116        127,605   

YIT Oyj (c)

    63,300        675,501   
   

 

 

 
      25,635,401   
   

 

 

 

France—5.0%

  

ABC Arbitrage

    4,710        33,091   

Air France-KLM (a)

    88,070        1,327,439   

Akka Technologies S.A.

    930        33,375   

ALBIOMA

    12,430        334,188   

Alcatel-Lucent (a)

    1,443,534        5,703,770   

Altamir Amboise

    14,407        215,370   

Alten S.A.

    14,440        775,976   

Altran Technologies S.A.

    70,704        799,181   

April

    10,645        259,001   

Assystem

    8,352        256,059   

Audika Groupe (a)

    2,159        33,494   

Aurea S.A.

    1,221        8,501   

Axway Software S.A.

    2,927        90,729   

Beneteau S.A. (a) (c)

    24,266        391,380   

Bigben Interactive (a)

    2,504        26,817   

BioMerieux (c)

    428        46,948   

Boiron S.A.

    3,511        285,347   

Bonduelle S.C.A.

    10,633        314,918   

Bongrain S.A.

    3,472        301,232   

Bourbon S.A. (c)

    28,193        926,957   

Boursorama (a)

    10,971        183,201   

Bull (a) (c)

    40,990        202,672   

Burelle S.A.

    184        166,059   

Cegedim S.A. (a)

    2,929        112,170   

Cegid Group

    3,132        128,435   

Cie des Alpes (a)

    3,241        72,349   

Ciments Francais S.A.

    2,486        269,498   

Club Mediterranee S.A. (a)

    18,244        446,827   

Derichebourg S.A.

    62,135        210,292   

Devoteam S.A.

    4,902        124,558   

DNXCorp.

    277        7,291   

Eiffage S.A.

    6,266        469,488   

Electricite de Strasbourg

    88        14,068   

Eramet

    935        112,823   

Esso S.A. Francaise

    1,261        68,615   

Etablissements Maurel et Prom

    48,019        739,834   

Euler Hermes S.A.

    4,077        514,590   

Euro Disney SCA (a)

    11,454        66,165   

Eurofins Scientific (c)

    2,648        792,997   

Exel Industries - A Shares

    618        56,958   

Faiveley Transport S.A.

    4,347        315,571   

Faurecia (a)

    31,389        1,328,657   

Fimalac

    3,854        297,430   

Fleury Michon S.A.

    141        11,616   

GameLoft SE (a) (c)

    28,377        300,515   

GEA

    400        50,477   

GECI International (a) (b)

    9,793        0   

GL Events

    6,578        149,981   

Groupe Crit

    1,538        94,015   

 

MSF-72


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

France—(Continued)

   

Groupe Flo

    5,857      $ 24,944   

Groupe Steria SCA

    17,694        357,413   

Guerbet

    2,652        116,694   

Haulotte Group S.A. (a)

    9,947        210,476   

Havas S.A.

    149,144        1,118,323   

Hi-Media S.A. (a)

    20,464        65,742   

Ingenico (c)

    9,890        926,396   

Interparfums S.A.

    4,774        224,556   

Ipsen S.A.

    8,509        348,659   

IPSOS

    21,840        887,577   

Jacquet Metal Service

    9,036        195,994   

Korian S.A.

    25,022        959,392   

L.D.C. S.A.

    10        1,827   

Lagardere SCA

    7,753        308,172   

Lanson-BCC

    14        791   

Laurent-Perrier

    1,493        146,874   

Lectra

    9,479        102,319   

LISI

    2,482        409,602   

Maisons France Confort

    1,754        88,761   

Manitou BF S.A.

    5,576        96,039   

Manutan International

    589        41,957   

Mersen

    11,165        377,242   

METabolic EXplorer S.A. (a)

    2,657        12,125   

Metropole Television S.A.

    30,423        661,663   

Montupet

    4,620        375,200   

Mr. Bricolage

    601        10,970   

Naturex

    2,702        239,061   

Neopost S.A. (c)

    19,254        1,520,802   

Nexans S.A.

    15,968        838,168   

Nexity S.A.

    16,880        724,464   

NextRadioTV

    2,643        95,831   

Norbert Dentressangle S.A.

    2,772        454,479   

NRJ Group (a)

    13,425        166,368   

Orco Property Group (a)

    4,469        6,103   

Orpea

    16,527        1,097,389   

Parrot S.A. (a)

    4,759        144,338   

Peugeot S.A. (a) (c)

    149,258        2,818,549   

Pierre & Vacances S.A. (a)

    3,103        128,615   

Plastic Omnium S.A.

    38,571        1,434,202   

Rallye S.A.

    13,808        645,605   

Recylex S.A. (a)

    8,543        34,954   

Robertet S.A.

    14        3,281   

Rubis SCA

    20,204        1,455,534   

S.A. des Ciments Vicat (c)

    6,569        553,774   

Saft Groupe S.A.

    20,232        707,047   

Samse S.A.

    107        13,740   

Sartorius Stedim Biotech

    1,387        278,278   

Schneider Electric S.A.

    5,900        519,061   

SEB S.A.

    4,929        425,446   

Seche Environnement S.A.

    1,555        77,980   

Sequana S.A. (a) (c)

    5,112        47,660   

Soc Mar Tunnel Prado Car

    293        12,839   

Societe d’Edition de Canal Plus

    35,730        316,576   

Societe des Bains de Mer et du Cercle des Etrangers a Monaco

    16        875   

Societe Internationale de Plantations d’Heveas S.A.

    853        54,550   

France—(Continued)

   

Societe Television Francaise 1

    71,332      1,180,852   

SOITEC (a) (c)

    113,224        361,696   

Solocal Group (a) (c)

    80,591        206,769   

Somfy S.A.

    183        57,727   

Sopra Group S.A.

    2,515        300,053   

Spir Communication S.A. (a)

    848        17,357   

Ste Industrielle d’Aviation Latecoere S.A. (a)

    4,144        78,972   

STEF S.A.

    1,857        152,929   

Store Electronic (a)

    715        15,476   

Sword Group

    3,919        97,695   

Synergie S.A.

    5,633        144,256   

Technicolor S.A. (a)

    37,128        268,601   

Teleperformance

    32,917        1,911,465   

Tessi S.A.

    895        107,781   

TFF Group

    308        25,962   

Theolia S.A. (a)

    38,488        68,406   

Thermador Groupe

    1,082        118,531   

Total Gabon

    421        224,481   

Touax S.A.

    1,668        46,188   

Trigano S.A. (a)

    5,078        139,249   

UBISOFT Entertainment (a)

    63,478        1,139,254   

Union Financiere de France BQE S.A.

    2,306        62,304   

Valneva SE (a) (c)

    10,872        97,355   

Vetoquinol S.A.

    469        24,478   

Viel et Co.

    3,978        13,385   

Vilmorin & Cie S.A.

    2,888        405,076   

Virbac S.A.

    1,982        442,634   

VM Materiaux S.A. (a)

    235        11,641   

Vranken-Pommery Monopole S.A.

    1,317        43,750   
   

 

 

 
      50,120,525   
   

 

 

 

Germany—5.3%

  

Aareal Bank AG (a)

    32,420        1,425,441   

Adler Modemaerkte AG

    4,862        73,178   

ADVA Optical Networking SE (a)

    20,269        92,633   

Air Berlin plc (a) (c)

    23,494        56,680   

Aixtron SE (a) (c)

    47,389        774,687   

Allgeier SE

    2,942        72,396   

Amadeus Fire AG

    2,610        228,923   

Analytik Jena AG

    501        9,662   

AS Creation Tapeten (a)

    800        35,291   

Aurubis AG

    20,108        1,093,448   

Balda AG (c)

    19,993        92,653   

Bauer AG

    6,926        182,976   

BayWa AG

    7,596        432,342   

Bechtle AG

    9,570        824,316   

Bertrandt AG

    2,980        456,822   

Bijou Brigitte AG

    2,105        214,235   

Biotest AG

    1,823        227,428   

Borussia Dortmund GmbH & Co. KGaA

    36,335        196,610   

CANCOM SE

    7,824        372,178   

Carl Zeiss Meditec AG

    9,499        266,712   

Celesio AG (c)

    49,773        1,701,083   

CENIT AG

    5,981        93,107   

CENTROTEC Sustainable AG

    5,202        134,993   

Cewe Color Holding AG

    3,145        242,075   

 

MSF-73


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

   

Colonia Real Estate AG (a)

    5,281      $ 33,332   

Comdirect Bank AG

    18,315        218,710   

CompuGroup Medical AG

    13,628        341,707   

Constantin Medien AG (a)

    23,577        51,334   

CropEnergies AG

    13,948        99,308   

CTS Eventim AG

    9,997        666,526   

DAB Bank AG

    12,773        66,880   

Data Modul AG

    138        3,280   

Delticom AG

    2,140        104,810   

Deutsche Beteiligungs AG (c)

    2,815        78,256   

Deutsche Wohnen AG (a)

    145,731        3,096,408   

Deutz AG (a)

    62,092        525,363   

Dialog Semiconductor plc (a) (c)

    27,192        672,310   

Dr. Hoenle AG

    2,084        39,946   

Draegerwerk AG & Co. KGaA

    1,630        168,574   

Drillisch AG

    30,810        1,119,565   

Duerr AG

    11,256        869,923   

Eckert & Ziegler AG

    2,469        82,049   

Elmos Semiconductor AG

    7,336        137,538   

ElringKlinger AG (c)

    16,988        669,457   

Euromicron AG

    3,803        70,043   

Evotec AG (a) (c)

    59,728        317,855   

First Sensor AG (a)

    3,155        40,831   

Francotyp-Postalia Holding AG (a)

    3,300        20,711   

Freenet AG

    56,906        1,992,357   

GAGFAH S.A. (a)

    36,892        560,569   

Gerresheimer AG

    16,223        1,051,657   

Gerry Weber International AG (c)

    9,842        487,040   

Gesco AG

    2,077        217,988   

GFK SE

    8,794        478,223   

GFT Technologies AG

    9,142        103,411   

Gildemeister AG (c)

    39,050        1,197,401   

Grammer AG

    7,596        371,899   

Grenkeleasing AG

    2,371        261,011   

H&R AG (a)

    7,029        75,942   

Hamburger Hafen und Logistik AG (c)

    8,767        210,812   

Hansa Group AG (a)

    5,987        11,489   

Hawesko Holding AG

    1,663        90,067   

Heidelberger Druckmaschinen AG (a) (c)

    153,682        473,430   

Homag Group AG

    2,798        73,310   

Indus Holding AG

    13,812        608,394   

Init Innovation In Traffic Systems AG

    2,361        76,173   

Intershop Communications AG (a)

    7,747        19,313   

Isra Vision AG

    2,083        150,558   

Jenoptik AG

    28,871        523,724   

Joyou AG (a)

    688        12,075   

Kloeckner & Co. SE (a) (c)

    68,249        1,008,113   

Koenig & Bauer AG

    6,051        102,520   

Kontron AG

    32,374        221,667   

Krones AG

    6,921        661,489   

KSB AG

    111        71,261   

KUKA AG (c)

    14,184        693,940   

KWS Saat AG

    1,120        405,903   

Leifheit AG

    945        47,024   

Leoni AG

    22,210        1,620,361   

LPKF Laser & Electronics AG

    12,759        299,151   

Manz AG (a)

    1,272        114,523   

Germany—(Continued)

   

MasterFlex SE (a)

    280      2,673   

Medigene AG (a)

    3,423        25,724   

MLP AG

    33,383        221,651   

Mobotix AG

    2,035        40,164   

Morphosys AG (a)

    4,850        449,630   

Muehlbauer Holding AG & Co. KGaA

    1,575        39,925   

MVV Energie AG

    6,393        206,951   

Nemetschek AG

    3,207        265,100   

Nexus AG

    2,080        34,385   

Nordex SE (a)

    38,948        628,680   

NORMA Group

    17,872        947,868   

OHB AG

    3,264        90,902   

Patrizia Immobilien AG (a)

    23,153        266,613   

Pfeiffer Vacuum Technology AG

    5,733        700,309   

PNE Wind AG (c)

    33,344        130,960   

Progress-Werk Oberkirch AG

    822        64,374   

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie

    2,118        39,505   

PVA TePla AG

    3,358        13,779   

QSC AG

    59,062        294,531   

R Stahl AG

    1,594        76,415   

Rational AG

    941        335,108   

Rheinmetall AG

    24,744        1,739,965   

Rhoen Klinikum AG

    61,526        1,970,524   

RIB Software AG

    1,026        15,995   

SAF-Holland S.A. (a)

    31,896        497,108   

Salzgitter AG (c)

    23,207        918,290   

Schaltbau Holding AG

    2,601        165,167   

SGL Carbon SE (c)

    28,680        976,908   

SHW AG

    1,051        67,583   

Singulus Technologies AG (a) (c)

    35,179        119,684   

Sixt SE

    9,652        385,717   

SKW Stahl-Metallurgie Holding AG

    3,578        56,835   

SMA Solar Technology AG

    3,340        177,138   

SMT Scharf AG

    2,145        56,321   

Softing AG

    528        11,506   

Software AG (c)

    21,874        792,219   

Solarworld AG (a) (c)

    348        18,605   

Stada Arzneimittel AG

    33,026        1,415,444   

Stroeer Media AG (a)

    12,029        216,962   

Surteco SE

    140        5,789   

Suss Microtec AG (a)

    12,728        122,537   

TAG Immobilien AG

    77,264        957,876   

Takkt AG

    12,691        279,924   

Technotrans

    2,013        23,542   

Telegate AG

    2,507        20,324   

Tom Tailor Holding AG (a)

    11,440        209,752   

Tomorrow Focus AG

    8,355        48,787   

TUI AG (c)

    85,669        1,430,081   

Vossloh AG

    4,207        397,899   

VTG AG

    6,281        125,742   

Wacker Neuson SE

    14,840        256,007   

Washtec AG

    3,397        55,030   

Wincor Nixdorf AG

    16,507        1,185,759   

XING AG

    1,747        251,252   
   

 

 

 
      52,934,899   
   

 

 

 

 

MSF-74


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Greece—0.0%

  

Bank of Cyprus plc (a) (b)

    596,049      $ 0   

Bank of Greece

    1,822        39,369   

Marfin Investment Group Holdings S.A. (a)

    382,614        279,169   

Proton Bank S.A. (a) (b)

    14,856        0   

TT Hellenic Postbank S.A. (a) (b)

    71,180        0   
   

 

 

 
      318,538   
   

 

 

 

Hong Kong—2.7%

  

Alco Holdings, Ltd.

    136,000        22,801   

Allan International Holdings

    70,000        20,757   

Allied Group, Ltd.

    22,000        96,435   

Allied Properties HK, Ltd.

    1,774,024        329,349   

Anxian Yuan China Holdings, Ltd. (a)

    420,000        10,611   

Apac Resources, Ltd. (a)

    2,300,000        49,524   

APT Satellite Holdings, Ltd.

    158,000        187,334   

Arts Optical International Holdings, Ltd.

    16,000        4,208   

Asia Financial Holdings, Ltd.

    300,000        124,927   

Asia Satellite Telecommunications Holdings, Ltd.

    66,000        272,873   

Asia Standard International Group, Ltd.

    370,000        100,570   

Associated International Hotels, Ltd.

    14,000        37,001   

Aupu Group Holding Co., Ltd.

    246,000        26,332   

Bel Global Resources Holdings, Ltd. (a) (b)

    520,000        0   

Bonjour Holdings, Ltd.

    810,000        145,464   

Bossini International Holdings

    438,000        36,729   

Brightoil Petroleum Holdings, Ltd. (a) (c)

    1,156,000        362,810   

Brockman Mining, Ltd. (a) (c)

    2,516,770        120,492   

Burwill Holdings, Ltd. (a)

    1,294,000        75,670   

Cafe de Coral Holdings, Ltd.

    144,000        435,873   

Century City International Holdings, Ltd.

    616,000        44,481   

Champion Technology Holdings, Ltd.

    2,415,093        62,092   

Chen Hsong Holdings

    150,000        45,059   

Cheuk Nang Holdings, Ltd.

    85,823        77,573   

Chevalier International Holdings, Ltd.

    70,000        115,546   

China Billion Resources, Ltd. (a) (b)

    476,000        0   

China Daye Non-Ferrous Metals Mining, Ltd. (a) (c)

    2,682,000        51,873   

China Electronics Corp. Holdings Co., Ltd.

    352,000        70,238   

China Energy Development Holdings, Ltd. (a)

    3,046,000        39,328   

China Environmental Investment Holdings, Ltd. (a)

    1,215,000        28,337   

China Financial Services Holdings, Ltd.

    288,000        23,912   

China Flavors & Fragrances Co., Ltd. (a)

    70,147        13,178   

China Infrastructure Investment, Ltd. (a)

    626,000        10,655   

China Metal International Holdings, Inc.

    300,000        88,958   

China Nuclear Industry 23 International Corp., Ltd. (a)

    106,000        14,924   

China Renji Medical Group, Ltd. (a)

    2,356,000        13,670   

China Solar Energy Holdings, Ltd. (a) (b)

    162,000        1,410   

China Strategic Holdings, Ltd. (a)

    770,000        16,181   

China Ting Group Holdings, Ltd.

    318,550        22,588   

China-Hongkong Photo Products Holdings, Ltd.

    284,000        20,870   

Chinney Investment, Ltd.

    8,000        1,238   

Chong Hing Bank, Ltd. (c)

    17,545        61,752   

Chow Sang Sang Holdings International, Ltd. (c)

    155,000        368,091   

Hong Kong—(Continued)

   

Chu Kong Shipping Enterprise Group Co., Ltd.

    252,000      69,725   

Chuang’s China Investments, Ltd.

    341,000        21,326   

Chuang’s Consortium International, Ltd.

    546,357        67,159   

CITIC Telecom International Holdings, Ltd.

    716,000        265,383   

CK Life Sciences International Holdings, Inc.

    1,874,000        193,355   

CNT Group, Ltd.

    246,000        11,914   

Cosmos Machinery Enterprises, Ltd. (a)

    60,000        4,332   

CP Lotus Corp. (a)

    1,750,000        41,199   

Cross-Harbour Holdings, Ltd. (The)

    119,000        97,747   

CSI Properties, Ltd.

    3,554,023        126,090   

CST Mining Group, Ltd. (a)

    8,984,000        64,874   

Culture Landmark Investment, Ltd. (a)

    86,400        4,440   

Culturecom Holdings, Ltd. (a) (c)

    215,000        29,402   

Dah Sing Banking Group, Ltd. (c)

    195,600        309,241   

Dah Sing Financial Holdings, Ltd.

    82,000        383,227   

Dan Form Holdings Co., Ltd.

    568,000        53,478   

Dickson Concepts International, Ltd.

    131,000        76,001   

Dingyi Group Investment, Ltd. (a)

    455,000        27,864   

Dorsett Hospitality International, Ltd.

    415,000        79,185   

Eagle Nice International Holdings, Ltd.

    120,000        18,258   

EcoGreen Fine Chemicals Group, Ltd.

    90,000        21,237   

Emperor Capital Group, Ltd.

    84,000        3,954   

Emperor Entertainment Hotel, Ltd.

    325,000        130,675   

Emperor International Holdings

    691,250        169,326   

Emperor Watch & Jewellery, Ltd.

    2,380,000        178,173   

ENM Holdings, Ltd. (a)

    556,000        35,525   

EPI Holdings, Ltd. (a)

    1,842,000        59,370   

Esprit Holdings, Ltd. (c)

    1,156,450        1,926,298   

eSun Holdings, Ltd. (a)

    400,000        50,208   

Fairwood Holdings, Ltd.

    48,500        98,060   

Far East Consortium International, Ltd.

    711,010        244,852   

Fountain SET Holdings, Ltd. (a)

    422,000        53,341   

Fujikon Industrial Holdings, Ltd.

    100,000        23,906   

G-Resources Group, Ltd. (a)

    14,821,800        437,591   

Genting Hong Kong, Ltd. (a)

    101,229        40,354   

Get Nice Holdings, Ltd.

    2,326,000        103,609   

Giordano International, Ltd. (c)

    798,000        516,385   

Glorious Sun Enterprises, Ltd.

    262,000        60,464   

Gold Peak Industries Holding, Ltd.

    277,714        26,106   

Golden Resources Development International, Ltd.

    370,000        20,512   

Goldin Financial Holdings, Ltd. (a) (c)

    200,000        81,535   

Goldin Properties Holdings, Ltd. (a) (c)

    286,000        123,153   

Good Fellow Resources Holdings, Ltd. (a)

    120,000        6,358   

Guangnan Holdings, Ltd.

    264,000        34,727   

Guotai Junan International Holdings, Ltd. (c)

    288,000        155,250   

Haitong International Securities Group, Ltd. (c)

    242,365        127,708   

Hao Tian Development Group, Ltd. (a)

    1,140,000        28,807   

Harbour Centre Development, Ltd.

    88,000        151,420   

HKR International, Ltd.

    449,600        177,371   

Hon Kwok Land Investment Co., Ltd.

    140,000        46,759   

Hong Kong Aircraft Engineering Co., Ltd.

    5,200        60,310   

Hong Kong Ferry Holdings Co., Ltd.

    10,000        9,633   

Hong Kong Television Network, Ltd. (a)

    270,000        80,686   

Hongkong Chinese, Ltd.

    920,000        237,206   

 

MSF-75


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

   

Hsin Chong Construction Group, Ltd.

    348,000      $ 49,902   

Hung Hing Printing Group, Ltd.

    252,000        39,337   

Hutchison Telecommunications Hong Kong Holdings, Ltd. (c)

    860,000        285,216   

Hybrid Kinetic Group, Ltd. (a)

    1,740,000        24,154   

Imagi International Holdings, Ltd. (a)

    4,131,000        46,335   

International Standard Resources Holdings, Ltd. (a)

    935,000        18,927   

IPE Group, Ltd.

    285,000        17,639   

IRC, Ltd. (a)

    600,000        57,242   

IT, Ltd.

    330,000        86,792   

ITC Properties Group, Ltd.

    81,000        36,157   

Jinhui Holdings, Ltd. (a)

    70,000        16,250   

Johnson Electric Holdings, Ltd. (c)

    488,500        451,137   

K Wah International Holdings, Ltd.

    820,967        552,894   

Kam Hing International Holdings, Ltd.

    196,000        14,919   

Kantone Holdings, Ltd.

    930,000        14,816   

Keck Seng Investments

    94,000        73,522   

King Stone Energy Group, Ltd. (a)

    792,000        26,561   

Kingmaker Footwear Holdings, Ltd.

    102,000        22,488   

Kingston Financial Group, Ltd.

    2,171,000        218,454   

Ko Yo Chemical Group, Ltd. (a)

    2,680,000        27,296   

Kowloon Development Co., Ltd.

    173,000        209,496   

L’Occitane International S.A.

    56,250        138,925   

Lai Sun Development (a)

    7,569,666        178,072   

Lai Sun Garment International, Ltd. (a)

    498,800        72,047   

Lam Soon Hong Kong, Ltd.

    15,000        14,733   

Landsea Green Properties Co., Ltd. (a)

    120,000        9,143   

Lee’s Pharmaceutical Holdings, Ltd.

    110,000        127,635   

Lerado Group Holdings Co., Ltd.

    202,000        27,866   

Lifestyle International Holdings, Ltd.

    39,500        80,405   

Lippo China Resources, Ltd.

    2,106,000        96,438   

Lippo, Ltd.

    122,000        75,813   

Liu Chong Hing Investment, Ltd.

    90,000        186,005   

Luen Thai Holdings, Ltd.

    156,000        48,873   

Luk Fook Holdings International, Ltd. (c)

    166,000        524,670   

Luks Group Vietnam Holdings Co., Ltd.

    68,000        20,865   

Lung Kee Bermuda Holdings

    116,000        41,332   

Magnificent Estates

    1,560,000        74,675   

Man Wah Holdings, Ltd.

    216,800        367,106   

Man Yue Technology Holdings, Ltd.

    88,000        29,506   

Matrix Holdings, Ltd.

    36,000        6,962   

Mei Ah Entertainment Group, Ltd. (a)

    800,000        14,439   

Midland Holdings, Ltd.

    460,000        245,079   

Ming Fai International Holdings, Ltd.

    145,000        14,211   

Ming Fung Jewellery Group, Ltd. (a)

    1,440,000        19,166   

Miramar Hotel & Investment

    4,000        4,957   

Mongolia Energy Corp., Ltd. (a)

    1,688,000        46,789   

Mongolian Mining Corp. (a) (c)

    941,500        90,989   

National Electronic Holdings, Ltd.

    166,000        19,262   

Natural Beauty Bio-Technology, Ltd.

    290,000        15,587   

Neo-Neon Holdings, Ltd. (a)

    420,500        92,197   

Neptune Group, Ltd. (a)

    1,060,000        27,851   

New Century Group Hong Kong, Ltd.

    912,000        19,888   

New Times Energy Corp., Ltd. (a)

    204,200        12,383   

Newocean Energy Holdings, Ltd. (c)

    616,000        476,504   

Next Media, Ltd. (a)

    414,000        42,795   

Hong Kong—(Continued)

   

North Asia Resources Holdings, Ltd. (a)

    335,000      6,396   

Orange Sky Golden Harvest Entertainment Holdings, Ltd. (a)

    555,882        36,551   

Orient Overseas International, Ltd.

    2,500        11,525   

Oriental Watch Holdings

    271,600        67,599   

Pacific Andes International Holdings, Ltd.

    1,213,323        47,824   

Pacific Basin Shipping, Ltd.

    1,010,000        647,457   

Pacific Textile Holdings, Ltd.

    270,000        354,371   

Paliburg Holdings, Ltd.

    362,000        113,966   

Pan Asia Environmental Protection Group, Ltd. (a)

    38,000        6,733   

Paradise Entertainment, Ltd. (a)

    76,000        58,977   

PCCW, Ltd.

    521,000        260,310   

Pearl Oriental Oil, Ltd. (a)

    1,170,000        37,095   

Pico Far East Holdings, Ltd.

    468,000        133,583   

Ping Shan Tea Group, Ltd. (a)

    460,000        8,151   

Playmates Holdings, Ltd.

    64,000        87,495   

Playmates Toys, Ltd.

    28,000        13,148   

PNG Resources Holdings, Ltd.

    1,944,000        17,123   

Polytec Asset Holdings, Ltd.

    965,000        150,575   

Public Financial Holdings, Ltd.

    166,000        79,373   

PYI Corp., Ltd.

    2,714,366        59,491   

Regal Hotels International Holdings, Ltd.

    454,000        225,170   

Richfield Group Holdings, Ltd. (a)

    944,000        26,418   

Rising Development Holdings, Ltd. (a)

    272,000        150,710   

Rivera Holdings, Ltd.

    20,000        851   

SA SA International Holdings, Ltd. (c)

    548,000        438,033   

Sandmartin International Holdings, Ltd. (a)

    104,000        5,628   

SEA Holdings, Ltd.

    94,000        50,454   

Shenyin Wanguo HK, Ltd.

    155,000        50,191   

Shougang Concord Technology Holdings (a)

    634,000        29,123   

Shun Tak Holdings, Ltd. (c)

    979,500        505,598   

Silver base Group Holdings, Ltd. (a) (c)

    422,000        56,764   

Sing Tao News Corp., Ltd.

    276,000        37,317   

Singamas Container Holdings, Ltd.

    942,000        216,175   

SIS International Holdings

    16,000        5,776   

Sitoy Group Holdings, Ltd.

    110,000        62,704   

SmarTone Telecommunications Holdings, Ltd. (c)

    206,500        229,081   

SOCAM Development, Ltd. (b)

    179,876        162,452   

Solomon Systech International, Ltd. (a)

    920,000        42,698   

Soundwill Holdings, Ltd.

    50,000        91,676   

South China China, Ltd. (a)

    496,000        40,286   

Stella International Holdings, Ltd.

    60,000        143,463   

Stelux Holdings International, Ltd.

    260,500        80,977   

Success Universe Group, Ltd. (a)

    240,000        11,962   

Sun Hing Vision Group Holdings, Ltd.

    42,000        12,346   

Sun Hung Kai & Co., Ltd.

    400,440        257,871   

Superb Summit International Group, Ltd. (a)

    2,630,000        301,671   

TAI Cheung Holdings (c)

    250,000        181,233   

Talent Property Group, Ltd. (a)

    420,000        5,848   

Tan Chong International, Ltd.

    63,000        25,585   

Tao Heung Holdings, Ltd.

    204,000        134,931   

Taung Gold International, Ltd. (a) (b) (c)

    700,000        2,707   

Television Broadcasts, Ltd.

    24,900        149,786   

Texwinca Holdings, Ltd.

    298,000        321,688   

Titan Petrochemicals Group, Ltd. (a)

    1,000,000        322   

 

MSF-76


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

   

Town Health International Investments, Ltd. (a)

    148,000      $ 95,490   

Tradelink Electronic Commerce, Ltd.

    356,000        87,663   

Transport International Holdings, Ltd.

    109,600        204,886   

Trinity, Ltd. (c)

    632,000        166,142   

TSC Group Holdings, Ltd. (a)

    267,000        135,970   

Tse Sui Luen Jewellery International, Ltd.

    40,000        14,854   

United Laboratories International Holdings, Ltd. (The) (a) (c)

    355,000        211,454   

Universal Technologies Holdings, Ltd. (a)

    710,000        45,768   

Up Energy Development Group, Ltd. (a)

    92,000        6,767   

Upbest Group, Ltd.

    8,000        928   

Value Convergence Holdings, Ltd. (a)

    104,000        16,763   

Value Partners Group, Ltd.

    380,000        228,789   

Varitronix International, Ltd.

    182,000        199,762   

Vedan International Holdings, Ltd.

    296,000        16,097   

Victory City International Holdings, Ltd. (b)

    699,276        101,873   

Vitasoy International Holdings, Ltd.

    380,000        552,131   

VST Holdings, Ltd.

    487,200        125,665   

VTech Holdings, Ltd.

    5,600        72,025   

Wai Kee Holdings, Ltd.

    54,000        14,481   

Wang On Group, Ltd.

    3,040,000        63,884   

Win Hanverky Holdings, Ltd.

    332,000        47,088   

Wing On Co. International, Ltd.

    46,000        121,609   

Wing Tai Properties, Ltd.

    280,000        163,391   

Xinyi Glass Holdings, Ltd. (c)

    930,000        758,753   

Xinyi Solar Holdings, Ltd. (a)

    930,000        279,637   

Xpress Group, Ltd. (a)

    600,000        34,809   

Yeebo International Holdings, Ltd.

    158,000        26,481   

YGM Trading, Ltd.

    48,000        100,747   

Yugang International, Ltd. (a)

    1,466,000        14,927   

Zhuhai Holdings Investment Group, Ltd. (a)

    218,000        39,382   
   

 

 

 
      26,872,939   
   

 

 

 

Ireland—1.4%

  

Aer Lingus Group plc

    42,387        95,527   

C&C Group plc

    204,054        1,329,103   

DCC plc

    50,148        2,726,774   

Endo International plc (a) (c)

    8,162        560,598   

FBD Holdings plc

    15,309        390,290   

Glanbia plc

    57,037        875,552   

Grafton Group plc

    111,227        1,199,609   

Greencore Group plc

    238,369        1,095,421   

IFG Group plc

    44,002        104,694   

Independent News & Media plc (a)

    35,056        8,652   

Irish Continental Group plc

    1,706        71,528   

Kenmare Resources plc (a)

    145,693        34,994   

Kingspan Group plc

    67,194        1,280,632   

Paddy Power plc

    27,063        2,144,137   

Smurfit Kappa Group plc

    35,986        875,313   

UDG Healthcare plc

    117,031        685,428   
   

 

 

 
      13,478,252   
   

 

 

 

Israel—1.0%

  

Africa Israel Investments, Ltd. (a)

    50,825        117,684   

Africa Israel Properties, Ltd. (a)

    7,501        135,279   

Israel—(Continued)

   

Africa Israel Residences, Ltd.

    880      13,628   

Airport City, Ltd. (a)

    18,842        197,025   

AL-ROV Israel, Ltd. (a)

    2,628        110,596   

Allot Communications, Ltd. (a)

    8,366        109,717   

Alon Holdings Blue Square Israel, Ltd. (a)

    8,063        31,858   

Alrov Properties and Lodgings, Ltd. (a)

    1,923        58,387   

Amot Investments, Ltd.

    28,877        93,147   

AudioCodes, Ltd. (a)

    17,523        130,618   

Avgol Industries 1953, Ltd.

    46,857        49,880   

Azorim-Investment Development & Construction Co., Ltd. (a)

    23,712        23,802   

Babylon, Ltd.

    13,198        20,813   

Bayside Land Corp.

    413        107,851   

Big Shopping Centers 2004, Ltd. (a)

    716        29,459   

Bio-cell, Ltd. (a)

    2,190        16,961   

BioLine RX, Ltd. (a)

    25,645        5,662   

Blue Square Real Estate, Ltd.

    344        14,511   

Cellcom Israel, Ltd.

    11,368        155,602   

Ceragon Networks, Ltd. (a)

    14,799        42,933   

Clal Biotechnology Industries, Ltd. (a)

    17,580        63,298   

Clal Insurance Enterprises Holdings, Ltd.

    10,363        206,217   

Compugen, Ltd. (a)

    13,456        141,200   

Delek Automotive Systems, Ltd.

    16,947        179,250   

Delta-Galil Industries, Ltd.

    5,417        170,835   

Direct Insurance Financial Investments, Ltd.

    5,783        36,844   

Elbit Systems, Ltd.

    5,426        330,283   

Electra, Ltd.

    895        138,060   

Elron Electronic Industries, Ltd. (a)

    7,585        73,644   

Equital, Ltd. (a)

    550        9,459   

Evogene, Ltd. (a)

    8,161        156,156   

EZchip Semiconductor, Ltd. (a)

    9,853        251,389   

First International Bank of Israel, Ltd.

    10,887        179,807   

FMS Enterprises Migun, Ltd.

    910        10,952   

Formula Systems 1985, Ltd.

    4,463        137,448   

Frutarom Industries, Ltd.

    19,140        459,964   

Gilat Satellite Networks, Ltd. (a)

    12,836        64,913   

Golf & Co., Ltd.

    6,101        22,130   

Hadera Paper, Ltd. (a)

    1,386        73,317   

Harel Insurance Investments & Financial Services, Ltd.

    57,410        347,275   

Industrial Buildings Corp.

    43,794        95,120   

Israel Discount Bank, Ltd. - Class A (a)

    336,890        618,389   

Israel Land Development Co., Ltd. (The)

    3,950        19,647   

Ituran Location and Control, Ltd.

    9,589        238,209   

Jerusalem Oil Exploration (a)

    5,621        263,490   

Kamada, Ltd. (a)

    11,968        171,052   

Kerur Holdings, Ltd.

    931        19,753   

Maabarot Products, Ltd.

    4,183        55,754   

Magic Software Enterprises, Ltd.

    9,462        76,124   

Matrix IT, Ltd.

    19,777        114,093   

Mazor Robotics, Ltd. (a)

    13,274        136,271   

Meitav DS Investments, Ltd.

    5,193        17,632   

Melisron, Ltd.

    6,384        168,401   

Menorah Mivtachim Holdings, Ltd.

    13,207        163,155   

Migdal Insurance & Financial Holding, Ltd.

    79,013        135,021   

Mivtach Shamir Holdings, Ltd.

    294        10,474   

Naphtha Israel Petroleum Corp., Ltd. (a)

    18,925        141,130   

 

MSF-77


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Israel—(Continued)

   

Neto ME Holdings, Ltd. (a)

    1,150      $ 64,266   

Nitsba Holdings 1995, Ltd. (a)

    16,809        270,317   

Nova Measuring Instruments, Ltd. (a)

    10,093        112,969   

Oil Refineries, Ltd. (a)

    568,229        157,031   

Ormat Industries

    29,986        227,491   

Osem Investments, Ltd.

    7,077        166,309   

Partner Communications Co., Ltd. (a)

    39,592        362,557   

Paz Oil Co., Ltd.

    2,330        351,561   

Perion Network, Ltd. (a)

    3,246        35,345   

Phoenix Holdings, Ltd. (The)

    30,251        120,235   

Plasson Industries, Ltd.

    1,729        67,226   

Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.

    2,926        170,138   

Shikun & Binui, Ltd.

    94,127        232,098   

Shufersal, Ltd.

    37,713        150,818   

Space Communication, Ltd. (a)

    2,951        52,850   

Strauss Group, Ltd.

    9,816        177,443   

Tower Semiconductor, Ltd. (a)

    10,536        93,634   

Union Bank of Israel (a)

    11,952        55,482   
   

 

 

 
      9,829,339   
   

 

 

 

Italy—3.4%

  

A2A S.p.A.

    450,367        583,696   

ACEA S.p.A.

    33,065        489,384   

Acotel Group S.p.A. (a)

    81        2,241   

Alerion Cleanpower S.p.A.

    10,865        58,020   

Amplifon S.p.A.

    48,850        329,265   

Ansaldo STS S.p.A.

    47,467        556,061   

Arnoldo Mondadori Editore S.p.A. (a)

    62,817        125,230   

Ascopiave S.p.A.

    22,740        71,110   

Astaldi S.p.A. (c)

    32,469        334,965   

Atlantia S.p.A.

    1,737        44,725   

Autogrill S.p.A. (a) (c)

    54,430        558,106   

Azimut Holding S.p.A.

    51,142        1,824,337   

Banca Carige S.p.A. (a) (c)

    414,328        356,686   

Banca Finnat Euramerica S.p.A.

    50,851        37,469   

Banca Generali S.p.A.

    17,730        584,907   

Banca IFIS S.p.A.

    6,177        136,369   

Banca Piccolo Credito Valtellinese Scarl (a) (c)

    136,338        289,049   

Banca Popolare dell’Emilia Romagna S.c.r.l. (a)

    171,912        2,170,969   

Banca Popolare dell’Etruria e del Lazio (a)

    7,755        9,186   

Banca Popolare di Milano Scarl (a) (c)

    1,773,934        1,788,096   

Banca Popolare di Sondrio SCARL

    154,558        1,050,827   

Banca Profilo S.p.A. (c)

    117,883        74,863   

Banco di Desio e della Brianza S.p.A.

    20,306        81,673   

Banco Popolare SC (a) (c)

    83,983        1,830,591   

BasicNet S.p.A. (a)

    9,826        32,495   

Biesse S.p.A. (a)

    6,021        52,702   

Brembo S.p.A.

    17,718        670,674   

Brioschi Sviluppo Immobiliare S.p.A. (a)

    34,077        5,372   

Brunello Cucinelli S.p.A. (c)

    4,018        106,320   

Buzzi Unicem S.p.A. (c)

    39,838        745,592   

Cairo Communication S.p.A.

    11,446        106,427   

Caltagirone Editore S.p.A. (a)

    6,273        10,038   

Italy—(Continued)

   

Carraro S.p.A. (a)

    5,504      23,617   

Cementir Holding S.p.A.

    31,117        295,530   

CIR-Compagnie Industriali Riunite S.p.A. (a)

    256,784        388,043   

Cosmo Pharmaceuticals S.p.A. (a)

    632        76,341   

Credito Bergamasco S.p.A.

    2,162        65,879   

Credito Emiliano S.p.A.

    44,882        446,293   

d’Amico International Shipping S.A. (a)

    58,934        54,593   

Danieli & C Officine Meccaniche S.p.A.

    7,018        234,046   

Datalogic S.p.A.

    8,267        105,108   

Davide Campari-Milano S.p.A.

    1,504        12,330   

De’Longhi S.p.A. (c)

    17,527        394,737   

DeA Capital S.p.A. (a)

    18,071        32,984   

DiaSorin S.p.A. (c)

    10,148        435,453   

Ei Towers S.p.A.

    3,833        226,485   

Engineering S.p.A.

    2,641        192,813   

ERG S.p.A.

    32,977        533,732   

Esprinet S.p.A.

    18,719        195,940   

Eurotech S.p.A. (a)

    13,076        46,900   

Falck Renewables S.p.A. (a)

    64,793        132,986   

Finmeccanica S.p.A. (a)

    224,698        2,225,780   

Gas Plus S.p.A.

    3,786        25,251   

Geox S.p.A. (c)

    52,589        236,868   

Gruppo Editoriale L’Espresso S.p.A. (a)

    80,856        186,840   

Gruppo MutuiOnline S.p.A.

    5,404        37,969   

Gtech S.p.A.

    23,515        715,178   

Hera S.p.A.

    365,807        1,068,117   

IMMSI S.p.A. (a)

    100,436        95,459   

Indesit Co. S.p.A. (c)

    25,444        388,334   

Industria Macchine Automatiche S.p.A.

    5,461        271,172   

Intek Group S.p.A. (a)

    80,757        50,886   

Interpump Group S.p.A.

    45,493        700,600   

Iren S.p.A.

    273,860        494,728   

Italcementi S.p.A. (c)

    42,131        520,877   

Italmobiliare S.p.A. (a) (c)

    4,262        171,270   

Juventus Football Club S.p.A. (a)

    147,435        49,052   

Landi Renzo S.p.A. (a)

    31,132        61,391   

Maire Tecnimont S.p.A. (a)

    6,945        26,018   

MARR S.p.A.

    16,293        319,148   

Nice S.p.A.

    9,890        45,416   

Piaggio & C S.p.A. (c)

    85,698        306,877   

Poltrona Frau S.p.A. (a)

    22,268        90,619   

Prelios S.p.A. (a)

    54,976        54,216   

Prima Industrie S.p.A. (a)

    243        4,710   

Recordati S.p.A.

    44,330        776,378   

Reply S.p.A.

    2,196        195,101   

Retelit S.p.A. (a)

    36,769        35,766   

Sabaf S.p.A.

    1,021        20,661   

SAES Getters S.p.A.

    1,416        17,242   

Safilo Group S.p.A. (a)

    22,504        475,129   

Saras S.p.A. (a) (c)

    134,526        234,956   

SAVE S.p.A.

    7,778        141,760   

Snai S.p.A. (a)

    21,135        56,766   

Societa Cattolica di Assicurazioni S.c.r.l.

    24,997        642,192   

Societa Iniziative Autostradali e Servizi S.p.A. (c)

    30,419        365,784   

Societa per la Bonifica dei Terreni Ferraresi e Imprese Agricole S.p.A.

    1,095        43,159   

 

MSF-78


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

   

Sogefi S.p.A.

    25,543      $ 166,690   

SOL S.p.A.

    15,778        136,044   

Sorin S.p.A. (a)

    157,025        469,494   

Tiscali S.p.A. (a)

    802,477        81,892   

Trevi Finanziaria Industriale S.p.A.

    22,305        249,914   

Uni Land S.p.A. (a) (b)

    4,937        0   

Unipol Gruppo Finanziario S.p.A.

    133,203        1,040,289   

Vianini Lavori S.p.A.

    2,113        18,626   

Vittoria Assicurazioni S.p.A.

    16,042        234,233   

World Duty Free S.p.A. (a)

    54,430        764,018   

Yoox S.p.A. (a) (c)

    22,641        775,258   

Zignago Vetro S.p.A.

    14,414        124,701   
   

 

 

 
      34,224,084   
   

 

 

 

Japan—20.8%

  

77 Bank, Ltd. (The)

    119,000        534,493   

A&A Material Corp. (a)

    12,000        13,815   

A&D Co., Ltd.

    11,600        48,040   

A/S One Corp.

    8,100        221,665   

Accordia Golf Co., Ltd.

    55,200        623,329   

Achilles Corp.

    94,000        130,100   

Adastria Holdings Co., Ltd.

    8,320        208,018   

ADEKA Corp.

    50,300        578,716   

Aderans Co., Ltd.

    6,400        73,343   

Advan Co., Ltd.

    6,500        75,640   

Aeon Delight Co., Ltd.

    1,300        24,442   

Aeon Fantasy Co., Ltd. (c)

    4,000        51,147   

Agrex, Inc.

    900        9,058   

Ahresty Corp. (c)

    12,800        106,892   

Ai Holdings Corp.

    24,600        432,883   

Aica Kogyo Co., Ltd.

    24,400        543,067   

Aichi Bank, Ltd. (The)

    5,300        272,919   

Aichi Corp.

    19,600        87,423   

Aichi Steel Corp.

    62,000        244,909   

Aichi Tokei Denki Co., Ltd.

    19,000        54,252   

Aida Engineering, Ltd.

    33,400        317,156   

Aigan Co., Ltd. (a)

    8,200        21,893   

Ain Pharmaciez, Inc.

    5,000        231,107   

Aiphone Co., Ltd.

    9,200        153,484   

Airport Facilities Co., Ltd. (c)

    15,000        110,440   

Aisan Industry Co., Ltd.

    16,600        127,113   

Aizawa Securities Co., Ltd.

    22,300        158,963   

Akebono Brake Industry Co., Ltd. (c)

    11,100        49,621   

Akita Bank, Ltd. (The) (c)

    126,000        363,456   

Alconix Corp.

    3,100        64,894   

Alinco, Inc. (c)

    5,800        66,337   

Allied Telesis Holdings KK

    44,500        37,001   

Alpen Co., Ltd. (c)

    9,600        173,640   

Alpha Corp.

    2,200        21,200   

Alpha Systems, Inc.

    3,940        58,926   

Alpine Electronics, Inc.

    25,000        327,331   

Alps Electric Co., Ltd. (a)

    47,200        561,337   

Alps Logistics Co., Ltd.

    4,100        41,276   

Altech Corp.

    4,700        45,717   

Amano Corp.

    32,200        332,051   

Amiyaki Tei Co., Ltd.

    2,100        61,123   

Japan—(Continued)

   

Amuse, Inc.

    3,000      54,793   

Anest Iwata Corp.

    18,000        113,106   

AOI Electronic Co., Ltd.

    2,800        52,708   

AOI Pro, Inc.

    4,700        29,555   

AOKI Holdings, Inc.

    22,400        317,774   

Aomori Bank, Ltd. (The)

    118,000        325,678   

Aoyama Trading Co., Ltd.

    29,900        788,909   

Arakawa Chemical Industries, Ltd.

    10,900        96,789   

Arata Corp. (c)

    23,000        75,638   

Araya Industrial Co., Ltd.

    26,000        40,224   

Arcland Sakamoto Co., Ltd.

    8,400        160,274   

Arcs Co., Ltd.

    17,664        344,264   

Argo Graphics, Inc.

    3,700        60,486   

Ariake Japan Co., Ltd.

    7,100        164,898   

Arisawa Manufacturing Co., Ltd.

    20,700        110,588   

Artnature, Inc.

    3,500        99,530   

Asahi Broadcasting Corp.

    6,600        39,905   

Asahi Co., Ltd. (c)

    7,600        102,757   

Asahi Diamond Industrial Co., Ltd.

    32,500        412,619   

Asahi Holdings, Inc.

    14,100        228,486   

Asahi Kogyosha Co., Ltd.

    16,000        58,529   

Asahi Net, Inc.

    5,000        23,648   

Asahi Organic Chemicals Industry Co., Ltd.

    44,000        99,172   

Asahi Printing Co., Ltd.

    200        4,570   

Asahipen Corp. (c)

    4,000        5,926   

Asanuma Corp. (a)

    29,000        40,082   

Asatsu-DK, Inc. (c)

    16,400        340,831   

Asax Co., Ltd.

    1,800        21,456   

Ashimori Industry Co., Ltd. (a)

    33,000        40,520   

ASKA Pharmaceutical Co., Ltd. (c)

    15,000        150,470   

ASKUL Corp. (c)

    9,100        286,269   

Asunaro Aoki Construction Co., Ltd.

    8,000        45,671   

Atsugi Co., Ltd.

    104,000        118,284   

Autobacs Seven Co., Ltd.

    38,700        595,233   

Avex Group Holdings, Inc.

    17,000        298,286   

Awa Bank, Ltd. (The)

    111,000        590,008   

Axell Corp. (c)

    3,800        62,165   

Axial Retailing, Inc.

    7,100        109,799   

Azbil Corp.

    11,300        278,448   

Bando Chemical Industries, Ltd.

    51,000        209,335   

Bank of Iwate, Ltd. (The) (c)

    9,100        441,715   

Bank of Kochi, Ltd. (The)

    16,000        24,285   

Bank of Nagoya, Ltd. (The)

    94,000        366,705   

Bank of Okinawa, Ltd. (The)

    10,800        456,930   

Bank of Saga, Ltd. (The) (c)

    82,000        178,463   

Bank of the Ryukyus, Ltd. (c)

    23,800        317,791   

Belc Co., Ltd.

    6,200        117,564   

Belluna Co., Ltd.

    31,100        154,021   

Benefit One, Inc.

    10,200        92,242   

Best Bridal, Inc. (c)

    10,600        61,532   

Best Denki Co., Ltd. (a)

    50,400        65,875   

Bic Camera, Inc. (c)

    46,900        282,267   

Bit-isle, Inc. (c)

    6,600        39,293   

BML, Inc.

    6,600        247,406   

Bookoff Corp. (c)

    4,700        32,391   

Bull-Dog Sauce Co., Ltd.

    6,000        10,866   

Bunka Shutter Co., Ltd.

    29,000        177,642   

 

MSF-79


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

C Uyemura & Co., Ltd. (c)

    3,400      $ 168,147   

CAC Corp.

    8,800        88,255   

Calsonic Kansei Corp.

    83,000        384,581   

Can Do Co., Ltd. (c)

    9,200        147,187   

Canon Electronics, Inc.

    12,000        208,960   

Carlit Holdings Co., Ltd.

    7,300        33,519   

Cawachi, Ltd.

    9,700        185,005   

Central Glass Co., Ltd.

    114,000        370,889   

Central Security Patrols Co., Ltd.

    3,300        33,717   

Central Sports Co., Ltd. (c)

    3,200        48,728   

CFS Corp.

    4,400        19,681   

Chiba Kogyo Bank, Ltd. (The) (a)

    25,500        176,673   

Chino Corp.

    20,000        42,574   

Chiyoda Co., Ltd.

    12,000        259,687   

Chiyoda Integre Co., Ltd.

    7,800        141,744   

Chofu Seisakusho Co., Ltd. (c)

    8,200        210,302   

Chori Co., Ltd.

    7,000        76,342   

Chubu Shiryo Co., Ltd.

    14,400        92,445   

Chudenko Corp.

    12,400        213,757   

Chuetsu Pulp & Paper Co., Ltd.

    55,000        113,375   

Chugai Mining Co., Ltd. (a)

    68,200        24,525   

Chugai Ro Co., Ltd.

    42,000        94,671   

Chugoku Marine Paints, Ltd.

    37,000        262,228   

Chukyo Bank, Ltd. (The)

    64,000        112,164   

Chuo Denki Kogyo Co., Ltd.

    11,100        33,626   

Chuo Gyorui Co., Ltd.

    2,000        4,897   

Chuo Spring Co., Ltd.

    19,000        55,361   

CKD Corp.

    32,300        307,106   

Clarion Co., Ltd. (a) (c)

    38,000        59,517   

Cleanup Corp.

    14,500        145,198   

CMIC Holdings Co., Ltd.

    5,800        96,943   

CMK Corp. (c)

    26,400        67,496   

Coca-Cola Central Japan Co., Ltd.

    26,471        662,876   

Cocokara fine, Inc.

    7,500        216,651   

Computer Engineering & Consulting, Ltd.

    7,000        42,632   

Computer Institute of Japan, Ltd.

    2,000        8,225   

CONEXIO Corp. (c)

    8,400        66,317   

Core Corp.

    3,000        21,993   

Corona Corp.

    8,500        87,675   

Cosel Co., Ltd. (c)

    13,100        153,590   

Cosmo Oil Co., Ltd. (c)

    157,000        283,916   

Create Medic Co., Ltd.

    1,800        16,520   

CREATE SD HOLDINGS Co., Ltd.

    5,400        182,245   

Cross Plus, Inc.

    1,100        8,265   

CTI Engineering Co., Ltd.

    6,100        71,668   

Cybernet Systems Co., Ltd.

    3,900        13,578   

Cybozu, Inc.

    11,900        41,059   

Dai Nippon Toryo Co., Ltd.

    70,000        111,614   

Dai-Dan Co., Ltd.

    17,000        89,722   

Dai-Ichi Kogyo Seiyaku Co., Ltd.

    24,000        74,718   

Dai-ichi Seiko Co., Ltd. (c)

    6,300        75,150   

Daibiru Corp.

    24,500        260,531   

Daido Kogyo Co., Ltd.

    19,000        52,692   

Daido Metal Co., Ltd.

    21,000        220,348   

Daidoh, Ltd. (c)

    13,700        84,941   

Daiei, Inc. (The) (a) (c)

    64,700        214,365   

Daifuku Co., Ltd.

    49,000        604,411   

Japan—(Continued)

   

Daihatsu Diesel Manufacturing Co., Ltd.

    7,000      38,416   

Daihen Corp.

    63,000        250,272   

Daiho Corp. (c)

    43,000        156,776   

Daiichi Jitsugyo Co., Ltd.

    26,000        115,412   

Daiichi Kigenso Kagaku-Kogyo Co., Ltd.

    1,000        25,511   

Daiichikosho Co., Ltd.

    5,000        151,261   

Daiken Corp.

    40,000        108,675   

Daiki Aluminium Industry Co., Ltd.

    16,000        37,889   

Daiki Ataka Engineering Co., Ltd.

    10,000        31,461   

Daiko Clearing Services Corp.

    5,300        36,096   

Daikoku Denki Co., Ltd.

    4,400        94,816   

Daikokutenbussan Co., Ltd.

    2,900        79,877   

Daikyo, Inc. (c)

    151,000        302,127   

Dainichi Co., Ltd. (c)

    4,100        30,216   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

    42,000        194,763   

Daio Paper Corp. (c)

    50,000        598,929   

Daisan Bank, Ltd. (The)

    102,000        178,623   

Daiseki Co., Ltd.

    17,700        304,680   

Daiseki Eco. Solution Co., Ltd.

    1,000        15,358   

Daishi Bank, Ltd. (The)

    182,000        667,786   

Daishinku Corp.

    21,000        83,992   

Daiso Co., Ltd. (c)

    46,000        162,316   

Daisyo Corp. (c)

    5,300        63,815   

Daito Bank, Ltd. (The)

    88,000        96,220   

Daito Electron Co., Ltd.

    800        3,224   

Daito Pharmaceutical Co., Ltd.

    4,600        66,916   

Daiwa Industries, Ltd.

    15,000        103,200   

Daiwabo Holdings Co., Ltd.

    134,000        233,252   

DC Co., Ltd.

    11,500        65,513   

DCM Holdings Co., Ltd.

    46,300        309,265   

Denki Kogyo Co., Ltd.

    36,000        218,203   

Denyo Co., Ltd.

    9,800        164,582   

Descente, Ltd.

    26,000        204,961   

DKK-Toa Corp.

    2,200        11,168   

DMG Mori Seiki Co., Ltd. (c)

    36,700        463,303   

DMW Corp.

    700        12,134   

Doshisha Co., Ltd.

    12,400        191,590   

Doutor Nichires Holdings Co., Ltd.

    18,600        327,028   

Dr Ci:Labo Co., Ltd. (c)

    6,200        191,973   

DTS Corp.

    12,000        209,661   

Dunlop Sports Co., Ltd.

    8,300        100,816   

Duskin Co., Ltd.

    26,800        513,214   

Dydo Drinco, Inc.

    4,300        179,133   

Dynic Corp.

    16,000        27,236   

Eagle Industry Co., Ltd.

    14,000        215,276   

Ebara Jitsugyo Co., Ltd.

    4,600        62,331   

EDION Corp. (c)

    53,200        295,868   

Ehime Bank, Ltd. (The)

    94,000        201,742   

Eidai Co., Ltd.

    15,000        90,012   

Eighteenth Bank, Ltd. (The)

    101,000        221,954   

Eiken Chemical Co., Ltd.

    8,200        142,114   

Eizo Corp.

    11,100        291,578   

Elecom Co., Ltd.

    4,500        94,346   

Elematec Corp.

    5,000        86,438   

EM Systems Co., Ltd.

    1,900        42,357   

Emori & Co., Ltd.

    2,500        39,190   

 

MSF-80


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

en-japan, Inc.

    4,600      $ 82,339   

Enplas Corp.

    1,100        61,710   

Enshu, Ltd. (a)

    23,000        29,913   

EPS Corp.

    14,000        152,332   

ESPEC Corp.

    13,000        100,573   

Excel Co., Ltd.

    5,000        54,732   

Exedy Corp.

    16,800        471,363   

Ezaki Glico Co., Ltd.

    24,000        317,222   

F-Tech, Inc.

    3,600        43,506   

F@N Communications, Inc.

    1,000        18,035   

Faith, Inc. (c)

    4,580        46,741   

FALCO SD HOLDINGS Co., Ltd.

    4,300        50,895   

Fancl Corp. (c)

    23,200        275,251   

FCC Co., Ltd.

    16,600        296,067   

Ferrotec Corp.

    19,900        104,095   

FIDEA Holdings Co., Ltd. (c)

    83,610        157,838   

Fields Corp.

    8,800        127,556   

First Juken Co., Ltd.

    3,400        48,497   

Foster Electric Co., Ltd.

    13,800        167,643   

FP Corp. (c)

    13,200        419,584   

France Bed Holdings Co., Ltd.

    65,000        121,440   

Fudo Tetra Corp.

    73,700        134,699   

Fuji Co., Ltd. (c)

    8,800        161,781   

Fuji Corp., Ltd.

    13,400        87,349   

Fuji Electronics Co., Ltd.

    5,600        68,546   

Fuji Kiko Co., Ltd.

    13,000        42,424   

Fuji Kosan Co., Ltd.

    4,600        29,043   

Fuji Oil Co., Ltd.

    26,700        69,513   

Fuji Oil Co., Ltd.

    31,400        402,083   

Fuji Pharma Co., Ltd.

    3,300        64,588   

Fuji Seal International, Inc.

    10,600        362,890   

Fuji Soft, Inc.

    10,400        221,146   

Fujibo Holdings, Inc. (c)

    63,000        165,107   

Fujicco Co., Ltd.

    11,000        132,565   

Fujikura Kasei Co., Ltd.

    14,000        86,487   

Fujikura, Ltd.

    213,000        971,765   

Fujimi, Inc.

    10,400        130,099   

Fujimori Kogyo Co., Ltd.

    7,200        186,872   

Fujisash Co., Ltd. (a) (c)

    24,500        40,959   

Fujitec Co., Ltd.

    35,000        472,733   

Fujitsu Frontech, Ltd.

    10,500        126,054   

Fujitsu General, Ltd.

    29,000        279,567   

Fujiya Co., Ltd. (c)

    57,000        107,036   

FuKoKu Co., Ltd.

    5,100        48,844   

Fukuda Corp.

    14,000        64,647   

Fukui Bank, Ltd. (The)

    144,000        355,669   

Fukushima Bank, Ltd. (The)

    143,000        118,875   

Fukushima Industries Corp.

    7,400        117,890   

Fukuyama Transporting Co., Ltd. (c)

    81,000        486,314   

Fumakilla, Ltd.

    8,000        23,173   

Funai Consulting, Inc.

    11,700        91,838   

Funai Electric Co., Ltd. (c)

    7,900        78,045   

Furukawa Battery Co., Ltd. (c)

    10,000        69,433   

Furukawa Co., Ltd.

    176,000        316,294   

Furukawa Electric Co., Ltd.

    124,000        308,112   

Furuno Electric Co., Ltd. (c)

    11,400        78,274   

Furusato Industries, Ltd.

    4,600        48,456   

Japan—(Continued)

   

Furuya Metal Co., Ltd.

    1,700      41,630   

Fuso Chemical Co., Ltd.

    800        20,001   

Fuso Pharmaceutical Industries, Ltd.

    41,000        144,407   

Futaba Corp.

    15,900        273,727   

Futaba Industrial Co., Ltd. (a) (c)

    31,700        138,068   

Future Architect, Inc.

    9,800        58,549   

Fuyo General Lease Co., Ltd.

    8,000        286,822   

G-Tekt Corp.

    9,400        116,577   

Gakken Holdings Co., Ltd.

    28,000        78,025   

Gecoss Corp.

    7,700        65,076   

Genki Sushi Co., Ltd.

    2,300        34,036   

Geo Holdings Corp. (c)

    19,600        172,613   

GLOBERIDE, Inc.

    45,000        58,358   

GLORY, Ltd.

    26,900        741,407   

GMO internet, Inc.

    3,200        31,838   

GMO Payment Gateway, Inc.

    3,500        148,569   

Godo Steel, Ltd.

    90,000        126,283   

Goldcrest Co., Ltd.

    8,830        185,918   

Goldwin, Inc. (c)

    18,000        90,525   

Gourmet Kineya Co., Ltd. (c)

    8,000        56,185   

GSI Creos Corp.

    28,000        39,269   

Gulliver International Co., Ltd.

    33,600        262,707   

Gun-Ei Chemical Industry Co., Ltd.

    24,000        89,770   

Gunze, Ltd.

    118,000        313,032   

Gurunavi, Inc.

    15,000        210,349   

H-One Co., Ltd.

    7,700        66,456   

Hagihara Industries, Inc.

    1,800        23,496   

Hakudo Co., Ltd.

    500        4,546   

Hakuto Co., Ltd.

    8,500        79,506   

Hakuyosha Co., Ltd.

    8,000        18,282   

Hamakyorex Co., Ltd.

    4,400        118,203   

Hanwa Co., Ltd.

    111,000        429,361   

Happinet Corp.

    7,800        65,024   

Hard Off Corp. Co., Ltd.

    4,900        38,820   

Harima Chemicals Group, Inc.

    7,100        31,585   

Harmonic Drive Systems, Inc.

    600        18,237   

Haruyama Trading Co., Ltd.

    5,400        40,348   

Hazama Ando Corp.

    78,790        294,890   

Heiwa Corp.

    6,600        113,027   

Heiwa Real Estate Co., Ltd.

    22,200        357,013   

Heiwado Co., Ltd.

    17,200        241,643   

HI-LEX Corp.

    8,800        222,870   

Hibiya Engineering, Ltd.

    14,600        210,180   

Hiday Hidaka Corp. (c)

    5,472        110,531   

Higashi Nihon House Co., Ltd.

    20,000        90,222   

Higashi-Nippon Bank, Ltd. (The)

    86,000        211,239   

Higo Bank, Ltd. (The)

    97,000        516,350   

Himaraya Co., Ltd.

    3,100        29,994   

Hioki EE Corp.

    4,900        73,042   

Hiramatsu, Inc. (c)

    12,900        84,392   

Hirano Tecseed Co., Ltd.

    500        5,208   

HIS Co., Ltd.

    9,900        563,165   

Hisaka Works, Ltd.

    12,000        115,928   

Hitachi Koki Co., Ltd.

    26,800        209,728   

Hitachi Kokusai Electric, Inc.

    2,000        23,976   

Hitachi Metals Techno, Ltd.

    2,000        23,560   

Hitachi Zosen Corp.

    80,000        380,295   

 

MSF-81


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Hochiki Corp.

    10,000      $ 54,053   

Hodogaya Chemical Co., Ltd.

    28,000        56,093   

Hogy Medical Co., Ltd.

    6,000        308,242   

Hokkaido Gas Co., Ltd. (c)

    27,000        73,982   

Hokkan Holdings, Ltd.

    31,000        85,750   

Hokko Chemical Industry Co., Ltd.

    8,000        25,455   

Hokkoku Bank, Ltd. (The) (c)

    149,000        520,638   

Hokuetsu Bank, Ltd. (The)

    127,000        265,592   

Hokuetsu Industries Co., Ltd.

    4,000        21,557   

Hokuetsu Kishu Paper Co., Ltd. (c)

    65,500        328,332   

Hokuriku Electric Industry Co., Ltd.

    37,000        50,103   

Hokuriku Electrical Construction Co., Ltd.

    9,000        38,628   

Hokuriku Gas Co., Ltd.

    10,000        25,944   

Hokuto Corp.

    13,400        278,559   

Honeys Co., Ltd. (c)

    10,130        98,106   

Hoosiers Holdings Co., Ltd. (c)

    13,500        79,283   

Horiba, Ltd.

    19,400        734,648   

Hosiden Corp. (c)

    39,400        194,112   

Hosokawa Micron Corp.

    16,000        90,045   

House Foods Group, Inc. (c)

    4,000        66,346   

Howa Machinery, Ltd.

    7,400        55,021   

Hurxley Corp.

    800        5,995   

Hyakugo Bank, Ltd. (The)

    130,000        533,486   

Hyakujushi Bank, Ltd. (The)

    136,000        465,989   

I-Net Corp.

    3,200        22,567   

IBJ Leasing Co., Ltd.

    7,200        181,172   

Ichibanya Co., Ltd.

    3,500        144,063   

Ichikoh Industries, Ltd. (a)

    26,000        35,198   

ICHINEN HOLDINGS Co., Ltd.

    9,300        70,331   

Ichiyoshi Securities Co., Ltd.

    1,600        21,320   

Icom, Inc.

    4,400        100,698   

Idec Corp.

    15,400        144,010   

Ihara Chemical Industry Co., Ltd.

    24,000        193,224   

Iida Group Holdings Co., Ltd.

    51,842        720,578   

Iino Kaiun Kaisha, Ltd.

    45,000        225,124   

IJT Technology Holdings Co., Ltd. (a)

    9,000        36,782   

Ikegami Tsushinki Co., Ltd. (a)

    30,000        31,894   

Imasen Electric Industrial (c)

    8,300        103,311   

Imperial Hotel, Ltd.

    1,300        27,498   

Inaba Denki Sangyo Co., Ltd.

    11,300        362,856   

Inaba Seisakusho Co., Ltd.

    6,900        86,611   

Inabata & Co., Ltd.

    29,800        303,031   

Inageya Co., Ltd.

    12,200        121,313   

Ines Corp. (c)

    20,000        137,475   

Infocom Corp.

    8,600        69,693   

Information Services International-Dentsu, Ltd.

    7,300        89,175   

Innotech Corp.

    10,300        43,819   

Intage Holdings, Inc.

    8,000        106,242   

Internet Initiative Japan, Inc. (c)

    10,800        260,241   

Inui Steamship Co., Ltd.

    13,300        43,741   

Inui Warehouse Co., Ltd.

    700        6,447   

Iriso Electronics Co., Ltd.

    5,200        280,036   

Ise Chemical Corp.

    8,000        53,695   

Iseki & Co., Ltd. (c)

    105,000        277,031   

Ishihara Sangyo Kaisha, Ltd. (a)

    218,000        200,278   

Ishii Iron Works Co., Ltd.

    16,000        42,821   

Ishizuka Glass Co., Ltd.

    5,000        10,596   

Japan—(Continued)

   

IT Holdings Corp.

    44,500      729,226   

Itfor, Inc.

    10,300        46,370   

Itochu Enex Co., Ltd.

    32,300        185,229   

Itochu-Shokuhin Co., Ltd.

    2,600        88,941   

Itoham Foods, Inc. (c)

    80,000        364,674   

Itoki Corp.

    22,700        143,052   

IwaiCosmo Holdings, Inc.

    9,800        106,291   

Iwaki & Co., Ltd.

    14,000        26,815   

Iwasaki Electric Co., Ltd. (a)

    38,000        93,112   

Iwatani Corp.

    91,000        592,601   

Iwatsu Electric Co., Ltd.

    62,000        54,554   

Iwatsuka Confectionery Co., Ltd.

    500        27,843   

Izumiya Co., Ltd.

    41,000        206,078   

Izutsuya Co., Ltd. (a)

    47,000        33,671   

J-Oil Mills, Inc. (c)

    61,000        162,734   

Jalux, Inc.

    4,000        40,581   

Jamco Corp. (c)

    5,900        109,844   

Janome Sewing Machine Co., Ltd. (a) (c)

    97,000        77,847   

Japan Airport Terminal Co., Ltd. (c)

    21,700        562,374   

Japan Aviation Electronics Industry, Ltd.

    29,000        432,563   

Japan Communications, Inc. (a)

    10,900        33,501   

Japan Digital Laboratory Co., Ltd.

    12,600        181,451   

Japan Foundation Engineering Co., Ltd.

    14,100        46,621   

Japan Medical Dynamic Marketing, Inc.

    3,000        8,770   

Japan Oil Transportation Co., Ltd.

    1,000        2,275   

Japan Pulp & Paper Co., Ltd.

    51,000        172,631   

Japan Radio Co., Ltd. (a) (c)

    32,000        122,237   

Japan Transcity Corp.

    29,000        89,278   

Japan Vilene Co., Ltd.

    16,000        90,364   

Japan Wool Textile Co., Ltd. (The)

    27,000        209,853   

Jastec Co., Ltd. (c)

    5,100        35,973   

JBCC Holdings, Inc.

    9,100        66,510   

JCU Corp.

    1,200        76,155   

Jimoto Holdings, Inc.

    49,500        103,982   

JK Holdings Co., Ltd.

    5,600        30,136   

JMS Co., Ltd.

    15,000        44,567   

Joban Kosan Co., Ltd. (c)

    8,000        10,987   

Joshin Denki Co., Ltd.

    23,000        183,773   

Jowa Holdings Co., Ltd. (c)

    3,000        98,699   

JSP Corp.

    10,700        165,026   

Juroku Bank, Ltd. (The)

    164,000        571,430   

Justsystems Corp. (a)

    13,800        106,055   

JVC Kenwood Corp. (a) (c)

    94,400        227,493   

K&O Energy Group, Inc. (a)

    8,000        110,331   

K’s Holdings Corp.

    4,400        122,216   

Kadokawa Corp. (c)

    10,600        339,082   

Kaga Electronics Co., Ltd.

    11,800        162,751   

Kagome Co., Ltd. (c)

    4,300        72,837   

Kagoshima Bank, Ltd. (The)

    85,000        541,422   

Kaken Pharmaceutical Co., Ltd.

    39,000        617,563   

Kakiyasu Honten Co., Ltd. (c)

    4,600        61,426   

Kameda Seika Co., Ltd.

    8,000        236,903   

Kamei Corp.

    16,300        122,334   

Kanaden Corp.

    11,000        75,152   

Kanagawa Chuo Kotsu Co., Ltd.

    20,000        100,354   

Kanamoto Co., Ltd.

    15,000        438,221   

Kandenko Co., Ltd.

    58,000        293,339   

 

MSF-82


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Kanematsu Corp.

    245,000      $ 378,894   

Kanematsu Electronics, Ltd.

    7,500        105,389   

Kanematsu-NNK Corp. (a)

    18,000        26,960   

Kanemi Co., Ltd.

    100        2,886   

Kansai Urban Banking Corp.

    140,000        166,682   

Kasai Kogyo Co., Ltd.

    12,000        76,631   

Kasumi Co., Ltd.

    22,300        150,628   

Katakura Chikkarin Co., Ltd.

    8,000        20,207   

Katakura Industries Co., Ltd.

    13,200        168,253   

Kato Sangyo Co., Ltd.

    10,500        222,911   

Kato Works Co., Ltd.

    34,000        183,206   

KAWADA TECHNOLOGIES, Inc. (c)

    2,400        69,389   

Kawai Musical Instruments Manufacturing Co., Ltd.

    44,000        80,003   

Kawasaki Kinkai Kisen Kaisha, Ltd.

    7,000        20,524   

Kawasumi Laboratories, Inc.

    8,500        51,802   

Keihanshin Building Co., Ltd.

    14,500        73,752   

Keihin Co. Ltd/Minato-Ku Tokyo Japan

    31,000        47,943   

Keihin Corp.

    23,400        342,468   

Keiyo Bank, Ltd. (The) (c)

    125,000        532,414   

Keiyo Co., Ltd. (c)

    17,200        78,082   

Kenko Mayonnaise Co., Ltd.

    5,900        52,148   

Kentucky Fried Chicken Japan, Ltd.

    4,000        81,723   

KEY Coffee, Inc. (c)

    10,000        153,655   

Kimoto Co., Ltd.

    20,400        70,210   

King Jim Co., Ltd.

    5,800        40,246   

Kinki Sharyo Co., Ltd.

    21,000        79,229   

Kintetsu World Express, Inc.

    7,400        329,904   

Kinugawa Rubber Industrial Co., Ltd.

    28,000        115,934   

Kisoji Co., Ltd. (c)

    1,500        27,454   

Kissei Pharmaceutical Co., Ltd.

    14,600        363,484   

Kita-Nippon Bank, Ltd. (The)

    4,900        130,350   

Kitagawa Iron Works Co., Ltd.

    50,000        84,567   

Kitamura Co., Ltd.

    3,700        23,146   

Kitano Construction Corp.

    22,000        54,927   

Kito Corp.

    4,900        100,022   

Kitz Corp.

    59,100        288,533   

Kiyo Bank, Ltd. (The)

    35,300        453,985   

Koa Corp.

    18,900        210,025   

Koatsu Gas Kogyo Co., Ltd.

    16,000        88,209   

Kohnan Shoji Co., Ltd. (c)

    17,900        181,026   

Kohsoku Corp.

    5,400        47,275   

Koike Sanso Kogyo Co., Ltd.

    7,000        14,839   

Kojima Co., Ltd. (a) (c)

    12,000        34,822   

Kokusai Co., Ltd.

    3,400        38,019   

Kokuyo Co., Ltd.

    48,400        354,629   

KOMAIHALTEC, Inc.

    24,000        72,136   

Komatsu Seiren Co., Ltd.

    19,000        97,697   

Komatsu Wall Industry Co., Ltd.

    3,800        72,876   

Komeri Co., Ltd.

    16,100        437,210   

Komori Corp.

    41,600        518,047   

Konaka Co., Ltd.

    10,700        74,242   

Kondotec, Inc.

    11,200        77,797   

Konishi Co., Ltd.

    9,200        163,362   

Kosaido Co., Ltd.

    3,700        18,372   

Kose Corp.

    13,400        439,410   

Koshidaka Holdings Co., Ltd.

    2,000        51,616   

Japan—(Continued)

   

Kotobuki Spirits Co., Ltd.

    2,600      50,632   

Krosaki Harima Corp.

    24,000        52,431   

KRS Corp.

    3,700        36,238   

KU Holdings Co., Ltd.

    4,000        46,239   

Kumiai Chemical Industry Co., Ltd.

    28,000        178,969   

Kura Corp.

    6,200        124,025   

Kurabo Industries, Ltd. (c)

    132,000        237,395   

Kureha Corp.

    82,000        386,943   

Kurimoto, Ltd.

    63,000        138,902   

Kuroda Electric Co., Ltd. (c)

    19,200        310,493   

Kusuri No. Aoki Co., Ltd.

    1,700        109,944   

KYB Co., Ltd.

    80,000        337,274   

Kyodo Printing Co., Ltd.

    51,000        143,946   

Kyodo Shiryo Co., Ltd.

    41,000        44,969   

Kyoei Steel, Ltd. (c)

    10,000        177,031   

Kyoei Tanker Co., Ltd.

    9,000        18,986   

Kyokuto Boeki Kaisha, Ltd.

    9,000        18,801   

Kyokuto Kaihatsu Kogyo Co., Ltd. (c)

    20,200        290,785   

Kyokuto Securities Co., Ltd. (c)

    2,000        33,368   

Kyokuyo Co., Ltd.

    45,000        114,409   

KYORIN Holdings, Inc.

    25,000        476,798   

Kyoritsu Maintenance Co., Ltd.

    6,000        202,003   

Kyoritsu Printing Co., Ltd.

    6,800        17,831   

Kyosan Electric Manufacturing Co., Ltd.

    31,000        104,651   

Kyoto Kimono Yuzen Co., Ltd.

    7,300        71,724   

Kyowa Electronics Instruments Co., Ltd.

    8,000        35,530   

Kyowa Exeo Corp.

    45,100        578,493   

Kyowa Leather Cloth Co., Ltd.

    3,300        15,411   

Kyudenko Corp.

    26,000        207,611   

LAC Co., Ltd.

    5,900        29,488   

Land Business Co., Ltd.

    7,100        27,800   

Lasertec Corp.

    9,600        107,950   

LEC, Inc.

    4,400        47,790   

Leopalace21 Corp. (a)

    7,900        37,821   

Life Corp.

    15,500        236,557   

Lintec Corp.

    24,200        460,707   

Lion Corp.

    77,000        455,074   

Look, Inc.

    21,000        55,609   

Macnica, Inc.

    6,300        187,042   

Maeda Corp.

    74,000        467,650   

Maeda Road Construction Co., Ltd.

    36,000        501,095   

Maezawa Kasei Industries Co., Ltd.

    6,800        72,146   

Maezawa Kyuso Industries Co., Ltd.

    5,600        69,140   

Makino Milling Machine Co., Ltd.

    64,000        449,933   

Mamiya-Op Co., Ltd.

    28,000        60,093   

Mandom Corp.

    9,500        342,906   

Mani, Inc. (c)

    2,500        103,505   

Mars Engineering Corp. (c)

    5,300        99,694   

Marubun Corp.

    8,200        42,580   

Marudai Food Co., Ltd.

    60,000        178,070   

Maruei Department Store Co., Ltd. (a) (c)

    8,000        12,524   

Maruetsu, Inc. (The)

    24,000        85,472   

Marufuji Sheet Piling Co., Ltd.

    13,000        46,533   

Maruha Nichiro Holdings, Inc.

    212,000        343,012   

Maruka Machinery Co., Ltd.

    2,900        36,122   

Marukyu Co., Ltd.

    1,300        12,911   

Marusan Securities Co., Ltd.

    40,600        332,347   

 

MSF-83


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Maruwa Co., Ltd.

    5,400      $ 209,908   

Maruyama Manufacturing Co., Inc.

    24,000        53,617   

Maruzen CHI Holdings Co., Ltd. (a)

    18,800        62,755   

Maruzen Showa Unyu Co., Ltd.

    35,000        117,924   

Marvelous AQL, Inc.

    17,000        138,063   

Matsuda Sangyo Co., Ltd.

    9,000        108,951   

Matsui Construction Co., Ltd.

    9,000        38,390   

Matsumotokiyoshi Holdings Co., Ltd.

    16,200        515,000   

Matsuya Foods Co., Ltd. (c)

    4,800        83,279   

Max Co., Ltd.

    22,000        243,743   

Maxvalu Nishinihon Co., Ltd.

    2,400        30,909   

Maxvalu Tokai Co., Ltd.

    5,000        66,024   

MEC Co., Ltd.

    9,400        72,858   

Medical System Network Co., Ltd. (c)

    7,900        35,645   

Megachips Corp. (c)

    11,000        128,763   

Megmilk Snow Brand Co., Ltd. (c)

    24,000        313,312   

Meidensha Corp.

    91,000        402,273   

Meiji Shipping Co., Ltd.

    8,500        34,268   

Meiko Electronics Co., Ltd.

    7,500        47,609   

Meiko Network Japan Co., Ltd.

    7,200        77,095   

Meisei Industrial Co., Ltd.

    23,000        101,894   

Meitec Corp. (c)

    14,900        424,919   

Meito Sangyo Co., Ltd.

    4,500        46,579   

Meito Transportation Co., Ltd.

    2,800        17,878   

Meiwa Corp.

    10,900        37,185   

Meiwa Estate Co., Ltd.

    8,300        33,757   

Melco Holdings, Inc. (c)

    7,800        114,419   

Message Co., Ltd.

    8,000        254,682   

Michinoku Bank, Ltd. (The) (c)

    82,000        169,527   

Micronics Japan Co., Ltd. (c)

    7,700        330,316   

Mie Bank, Ltd. (The)

    54,000        120,783   

Mikuni Corp.

    3,000        11,836   

Milbon Co., Ltd. (c)

    6,960        231,182   

Mimasu Semiconductor Industry Co., Ltd.

    10,500        93,795   

Minato Bank, Ltd. (The)

    86,000        149,902   

Ministop Co., Ltd.

    9,100        146,982   

Miraial Co., Ltd.

    2,900        40,884   

Mirait Holdings Corp.

    34,700        303,257   

Miroku Jyoho Service Co., Ltd.

    7,000        28,219   

Misawa Homes Co., Ltd.

    15,900        203,887   

Mitani Corp.

    9,700        216,073   

Mitani Sekisan Co., Ltd.

    5,000        78,277   

Mito Securities Co., Ltd. (c)

    32,000        138,344   

Mitsuba Corp.

    21,000        343,703   

Mitsubishi Kakoki Kaisha, Ltd. (a) (c)

    43,000        67,741   

Mitsubishi Nichiyu Forklift Co., Ltd. (c)

    16,000        112,140   

Mitsubishi Paper Mills, Ltd. (a)

    198,000        176,346   

Mitsubishi Pencil Co., Ltd.

    10,800        310,361   

Mitsubishi Research Institute, Inc.

    3,300        66,439   

Mitsubishi Shokuhin Co., Ltd.

    5,500        124,554   

Mitsubishi Steel Manufacturing Co., Ltd.

    91,000        194,340   

Mitsuboshi Belting Co., Ltd.

    31,000        175,245   

Mitsui Engineering & Shipbuilding Co., Ltd.

    414,000        872,251   

Mitsui High-Tec, Inc.

    17,500        116,850   

Mitsui Home Co., Ltd.

    17,000        79,514   

Mitsui Knowledge Industry Co., Ltd. (c)

    33,800        50,378   

Mitsui Matsushima Co., Ltd.

    82,000        126,056   

Japan—(Continued)

   

Mitsui Mining & Smelting Co., Ltd.

    320,000      736,533   

Mitsui Sugar Co., Ltd.

    54,000        206,606   

Mitsui-Soko Co., Ltd.

    17,000        68,292   

Mitsumi Electric Co., Ltd.

    60,000        433,390   

Mitsumura Printing Co., Ltd.

    5,000        12,705   

Mitsuuroko Holdings Co., Ltd.

    19,900        115,814   

Miura Co., Ltd.

    15,500        426,020   

Miyaji Engineering Group, Inc. (c)

    36,000        79,637   

Miyazaki Bank, Ltd. (The)

    98,000        299,306   

Miyoshi Oil & Fat Co., Ltd.

    40,000        57,626   

Mizuno Corp. (c)

    46,000        259,525   

Mochida Pharmaceutical Co., Ltd.

    6,600        472,065   

Modec, Inc.

    4,700        118,719   

Monex Group, Inc. (c)

    3,000        11,633   

Money Partners Group Co., Ltd.

    11,900        27,837   

Monogatari Corp. (The)

    1,900        59,752   

MORESCO Corp.

    3,000        44,699   

Morinaga & Co., Ltd.

    114,000        249,346   

Morinaga Milk Industry Co., Ltd. (c)

    104,000        334,302   

Morita Holdings Corp.

    25,000        213,155   

Morozoff, Ltd.

    13,000        40,423   

Mory Industries, Inc.

    18,000        63,197   

MOS Food Services, Inc.

    12,700        255,414   

Moshi Moshi Hotline, Inc.

    22,400        205,582   

Mr Max Corp.

    10,500        34,453   

MTI, Ltd. (c)

    8,600        46,765   

Murakami Corp.

    3,000        41,220   

Musashi Seimitsu Industry Co., Ltd. (c)

    11,200        230,338   

Musashino Bank, Ltd. (The)

    18,100        599,018   

Mutoh Holdings Co., Ltd.

    7,000        32,149   

NAC Co., Ltd.

    5,300        82,813   

Nachi-Fujikoshi Corp.

    77,000        506,167   

Nafco Co., Ltd.

    1,400        20,689   

Nagaileben Co., Ltd.

    7,200        153,359   

Nagano Bank, Ltd. (The)

    49,000        87,730   

Nagano Keiki Co., Ltd.

    4,200        28,141   

Nagatanien Co., Ltd.

    14,000        133,850   

Nagawa Co., Ltd. (c)

    3,400        79,793   

Nakabayashi Co., Ltd.

    24,000        48,240   

Nakamuraya Co., Ltd.

    26,000        102,425   

Nakanishi, Inc.

    1,000        31,884   

Nakano Corp.

    4,000        9,318   

Nakayama Steel Works, Ltd. (a) (c)

    63,000        51,518   

Nakayamafuku Co., Ltd.

    2,000        16,719   

Namura Shipbuilding Co., Ltd. (c)

    16,100        149,893   

Nanto Bank, Ltd. (The)

    115,000        434,855   

Natori Co., Ltd.

    4,000        43,176   

NDS Co., Ltd.

    27,000        74,619   

NEC Capital Solutions, Ltd. (c)

    5,500        114,354   

NEC Networks & System Integration Corp.

    12,200        247,756   

NET One Systems Co., Ltd. (c)

    47,900        325,894   

Neturen Co., Ltd.

    18,300        116,478   

New Japan Chemical Co., Ltd. (a) (c)

    20,100        46,056   

Nice Holdings, Inc. (c)

    40,000        88,832   

Nichi-iko Pharmaceutical Co., Ltd.

    13,200        202,973   

Nichia Steel Works, Ltd.

    13,000        36,617   

Nichias Corp.

    54,000        346,014   

 

MSF-84


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Nichiban Co., Ltd.

    14,000      $ 47,048   

Nichicon Corp.

    33,700        268,616   

Nichiden Corp.

    4,000        94,993   

Nichiha Corp.

    12,900        148,845   

Nichii Gakkan Co.

    24,700        229,329   

Nichimo Co., Ltd.

    16,000        29,087   

Nichirei Corp.

    129,000        544,258   

Nichireki Co., Ltd.

    16,000        159,098   

Nidec Copal Electronics Corp.

    11,200        73,432   

Nifco, Inc. (c)

    24,000        677,201   

NIFTY Corp.

    4,500        50,486   

Nihon Chouzai Co., Ltd.

    80        2,063   

Nihon Dempa Kogyo Co., Ltd.

    11,000        85,760   

Nihon Eslead Corp.

    2,700        28,021   

Nihon Kagaku Sangyo Co., Ltd.

    3,000        21,614   

Nihon Kohden Corp.

    18,700        744,436   

Nihon M&A Center, Inc.

    15,000        400,734   

Nihon Nohyaku Co., Ltd.

    26,000        391,254   

Nihon Parkerizing Co., Ltd.

    24,000        558,192   

Nihon Plast Co., Ltd.

    2,500        15,461   

Nihon Shokuhin Kako Co., Ltd.

    3,000        10,051   

Nihon Tokushu Toryo Co., Ltd.

    2,200        13,021   

Nihon Unisys, Ltd.

    9,900        96,646   

Nihon Yamamura Glass Co., Ltd.

    54,000        95,076   

Nikkato Corp.

    300        1,203   

Nikkiso Co., Ltd.

    31,000        343,496   

Nikko Co., Ltd. (c)

    17,000        79,144   

Nippon Beet Sugar Manufacturing Co., Ltd.

    71,000        137,387   

Nippon Carbon Co., Ltd.

    71,000        134,527   

Nippon Ceramic Co., Ltd. (c)

    8,500        145,244   

Nippon Chemi-Con Corp. (a) (c)

    89,000        277,070   

Nippon Chemical Industrial Co., Ltd. (a)

    55,000        76,572   

Nippon Chemiphar Co., Ltd.

    14,000        70,844   

Nippon Chutetsukan KK

    2,000        4,473   

Nippon Coke & Engineering Co., Ltd.

    148,000        177,548   

Nippon Concrete Industries Co., Ltd.

    14,000        51,571   

Nippon Conveyor Co., Ltd.

    24,000        32,677   

Nippon Denko Co., Ltd.

    60,000        159,665   

Nippon Densetsu Kogyo Co., Ltd.

    21,000        282,401   

Nippon Felt Co., Ltd.

    8,600        37,791   

Nippon Filcon Co., Ltd.

    5,200        22,469   

Nippon Fine Chemical Co., Ltd.

    5,800        37,412   

Nippon Flour Mills Co., Ltd.

    64,000        350,092   

Nippon Formula Feed Manufacturing Co., Ltd.

    43,000        51,565   

Nippon Gas Co., Ltd.

    15,400        235,381   

Nippon Hume Corp.

    11,000        89,075   

Nippon Jogesuido Sekkei Co., Ltd. (c)

    3,300        40,705   

Nippon Kanzai Co., Ltd.

    3,300        66,446   

Nippon Kasei Chemical Co., Ltd.

    18,000        23,149   

Nippon Kinzoku Co., Ltd. (a)

    29,000        36,456   

Nippon Kodoshi Corp.

    700        7,559   

Nippon Koei Co., Ltd.

    42,000        210,687   

Nippon Konpo Unyu Soko Co., Ltd.

    31,000        545,154   

Nippon Koshuha Steel Co., Ltd. (a)

    47,000        44,078   

Nippon Kucho Service Co., Ltd.

    6,000        40,567   

Nippon Light Metal Holdings Co., Ltd. (c)

    301,800        394,303   

Japan—(Continued)

   

Nippon Paper Industries Co., Ltd. (c)

    20,100      380,424   

Nippon Parking Development Co., Ltd.

    80,300        84,618   

Nippon Pillar Packing Co., Ltd.

    13,000        100,708   

Nippon Piston Ring Co., Ltd.

    50,000        85,578   

Nippon Rietec Co., Ltd. (c)

    7,000        50,407   

Nippon Road Co., Ltd. (The)

    43,000        195,855   

Nippon Seiki Co., Ltd.

    24,000        409,444   

Nippon Seiro Co., Ltd.

    2,000        4,976   

Nippon Seisen Co., Ltd.

    10,000        39,754   

Nippon Sharyo, Ltd. (c)

    37,000        153,091   

Nippon Sheet Glass Co., Ltd. (a)

    527,000        748,769   

Nippon Shinyaku Co., Ltd.

    27,000        511,210   

Nippon Signal Co., Ltd.

    32,400        282,362   

Nippon Soda Co., Ltd.

    79,000        428,789   

Nippon Steel & Sumikin Bussan (c)

    96,960        310,354   

Nippon Steel & Sumikin Texeng

    29,000        100,386   

Nippon Suisan Kaisha, Ltd. (a)

    142,400        299,087   

Nippon Synthetic Chemical Industry Co., Ltd. (The) (c)

    33,000        236,528   

Nippon Thompson Co., Ltd.

    48,000        234,140   

Nippon Valqua Industries, Ltd.

    47,000        130,012   

Nipro Corp. (c)

    55,400        496,834   

Nishi-Nippon Railroad Co., Ltd.

    21,000        79,318   

Nishikawa Rubber Co., Ltd.

    1,200        20,292   

Nishimatsu Construction Co., Ltd.

    191,000        620,625   

Nishimatsuya Chain Co., Ltd. (c)

    28,600        207,419   

Nishio Rent All Co., Ltd.

    8,900        329,533   

Nissan Tokyo Sales Holdings Co., Ltd.

    11,000        38,868   

Nissei ASB Machine Co., Ltd.

    2,100        37,625   

Nissei Corp.

    3,700        33,100   

Nissei Plastic Industrial Co., Ltd.

    7,100        42,307   

Nisshin Fudosan Co.

    18,400        68,382   

Nisshin Oillio Group, Ltd. (The) (c)

    65,000        211,918   

Nisshin Steel Holdings Co., Ltd.

    35,896        306,235   

Nisshinbo Holdings, Inc.

    82,000        699,287   

Nissin Corp.

    44,000        125,060   

Nissin Electric Co., Ltd.

    30,000        154,352   

Nissin Kogyo Co., Ltd.

    20,000        372,214   

Nissin Sugar Co., Ltd.

    2,400        49,502   

Nissui Pharmaceutical Co., Ltd.

    6,000        62,423   

Nitta Corp.

    12,800        238,162   

Nittan Valve Co., Ltd.

    6,300        18,837   

Nittetsu Mining Co., Ltd.

    38,000        148,430   

Nitto Boseki Co., Ltd. (c)

    88,000        410,227   

Nitto FC Co., Ltd.

    4,500        26,379   

Nitto Fuji Flour Milling Co., Ltd.

    4,000        12,358   

Nitto Kogyo Corp.

    15,100        316,534   

Nitto Kohki Co., Ltd.

    7,300        134,536   

Nitto Seiko Co., Ltd.

    15,000        43,969   

Nittoc Construction Co., Ltd.

    13,550        49,817   

Nittoku Engineering Co., Ltd. (c)

    8,700        69,805   

Noevir Holdings Co., Ltd.

    9,900        186,763   

NOF Corp.

    83,000        599,566   

Nohmi Bosai, Ltd.

    13,000        164,098   

Nomura Co., Ltd.

    21,000        163,373   

Noritake Co., Ltd.

    75,000        189,513   

Noritsu Koki Co., Ltd.

    8,000        56,143   

 

MSF-85


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Noritz Corp.

    15,800      $ 293,958   

North Pacific Bank, Ltd.

    132,800        537,850   

NS Solutions Corp.

    9,000        203,729   

NS United Kaiun Kaisha, Ltd. (c)

    67,000        158,578   

NSD Co., Ltd.

    20,900        262,447   

Nuflare Technology, Inc. (c)

    1,300        85,690   

Obara Group, Inc.

    6,400        239,177   

Obayashi Road Corp.

    16,000        82,151   

OBIC Business Consultants, Ltd.

    3,600        121,365   

Oenon Holdings, Inc.

    34,000        82,884   

Ogaki Kyoritsu Bank, Ltd. (The)

    177,000        483,301   

Ohara, Inc.

    4,700        28,976   

Ohashi Technica, Inc.

    4,600        37,689   

Ohsho Food Service Corp. (c)

    5,400        181,819   

Oiles Corp.

    14,000        298,926   

Oita Bank, Ltd. (The)

    104,000        403,716   

Okabe Co., Ltd.

    25,700        369,024   

Okamoto Industries, Inc.

    44,000        148,149   

Okamoto Machine Tool Works, Ltd. (a)

    27,000        27,436   

Okamura Corp.

    32,000        279,827   

Okaya Electric Industries Co., Ltd.

    8,900        33,236   

OKI Electric Cable Co., Ltd.

    6,000        10,148   

Okinawa Cellular Telephone Co.

    5,800        147,626   

Okinawa Electric Power Co., Inc. (The)

    9,300        316,299   

OKK Corp. (c)

    41,000        53,495   

OKUMA Corp. (c)

    70,000        563,938   

Okumura Corp. (c)

    94,000        417,972   

Okura Industrial Co., Ltd.

    30,000        93,822   

Okuwa Co., Ltd.

    11,000        98,021   

Olympic Corp.

    7,800        64,053   

ONO Sokki Co., Ltd.

    11,000        49,389   

Onoken Co., Ltd. (c)

    9,400        112,221   

Onward Holdings Co., Ltd.

    64,000        443,010   

OPT, Inc.

    4,700        35,779   

Optex Co., Ltd.

    6,500        112,786   

Organo Corp.

    24,000        111,874   

Origin Electric Co., Ltd.

    19,000        55,683   

Osaka Organic Chemical Industry, Ltd.

    8,500        38,642   

Osaka Steel Co., Ltd. (c)

    8,300        145,386   

OSAKA Titanium Technologies Co., Ltd. (c)

    6,900        119,304   

Osaki Electric Co., Ltd.

    17,000        98,103   

OSG Corp.

    21,100        368,047   

Otsuka Kagu, Ltd.

    5,500        48,962   

OUG Holdings, Inc.

    7,000        14,061   

Oyo Corp.

    11,800        160,330   

Pacific Industrial Co., Ltd.

    24,000        160,530   

Pacific Metals Co., Ltd. (c)

    81,000        301,649   

Pack Corp. (The)

    7,800        148,782   

Pal Co., Ltd.

    5,300        102,174   

Paltac Corp.

    18,450        210,106   

PanaHome Corp.

    45,000        308,525   

Panasonic Industrial Devices SUNX Co., Ltd.

    11,200        48,179   

Panasonic Information Systems

    1,700        46,311   

Paramount Bed Holdings Co., Ltd.

    8,000        251,351   

Parco Co., Ltd. (c)

    11,200        95,659   

Paris Miki Holdings, Inc.

    17,000        82,155   

Pasco Corp. (a)

    11,000        46,221   

Japan—(Continued)

   

Pasona Group, Inc.

    3,700      21,809   

Penta-Ocean Construction Co., Ltd.

    140,000        475,136   

Pilot Corp.

    7,300        299,979   

Piolax, Inc.

    5,900        215,329   

Pioneer Corp. (a) (c)

    153,800        328,719   

Plenus Co., Ltd.

    10,400        242,754   

Press Kogyo Co., Ltd.

    60,000        216,911   

Pressance Corp. (c)

    2,600        67,556   

Prestige International, Inc.

    10,400        105,309   

Prima Meat Packers, Ltd.

    78,000        162,253   

Pronexus, Inc.

    12,300        90,984   

Proto Corp.

    6,400        88,922   

Qol Co., Ltd.

    4,700        29,785   

Raito Kogyo Co., Ltd.

    29,800        248,617   

Relo Holdings, Inc.

    5,400        294,041   

Renaissance, Inc.

    5,100        40,420   

Rengo Co., Ltd.

    120,000        642,869   

Renown, Inc. (a)

    29,200        35,021   

Resort Solution Co., Ltd.

    4,000        9,095   

Resorttrust, Inc.

    32,800        506,532   

Rheon Automatic Machinery Co., Ltd.

    5,000        27,965   

Rhythm Watch Co., Ltd.

    64,000        84,892   

Riberesute Corp. (c)

    4,300        27,384   

Ricoh Leasing Co., Ltd.

    9,300        220,935   

Right On Co., Ltd.

    7,900        52,988   

Riken Corp.

    55,000        221,718   

Riken Keiki Co., Ltd.

    8,400        76,191   

Riken Technos Corp.

    23,000        130,184   

Riken Vitamin Co., Ltd.

    4,800        109,774   

Riso Kagaku Corp.

    10,179        251,579   

Riso Kyoiku Co., Ltd. (c)

    11,590        28,622   

Rock Field Co., Ltd.

    5,500        104,231   

Rohto Pharmaceutical Co., Ltd.

    15,300        269,743   

Rokko Butter Co., Ltd. (c)

    5,500        46,367   

Roland Corp.

    8,300        114,794   

Round One Corp.

    43,800        377,270   

Royal Holdings Co., Ltd.

    15,800        227,016   

Ryobi, Ltd.

    88,000        267,854   

Ryoden Trading Co., Ltd.

    18,000        122,409   

Ryosan Co., Ltd. (c)

    20,500        431,790   

Ryoyo Electro Corp.

    8,600        110,094   

S Foods, Inc. (c)

    7,500        79,413   

S&B Foods, Inc.

    600        21,696   

Sagami Chain Co., Ltd.

    6,000        53,923   

Saibu Gas Co., Ltd.

    161,000        407,656   

Saizeriya Co., Ltd. (c)

    16,200        200,977   

Sakai Chemical Industry Co., Ltd.

    64,000        198,299   

Sakai Heavy Industries, Ltd.

    21,000        72,253   

Sakai Moving Service Co., Ltd.

    2,100        69,316   

Sakai Ovex Co., Ltd.

    32,000        60,655   

Sakata INX Corp.

    26,000        245,042   

Sakata Seed Corp.

    17,300        237,629   

Sala Corp.

    12,900        64,841   

San Holdings, Inc.

    2,700        35,593   

San-A Co., Ltd.

    8,800        259,293   

San-Ai Oil Co., Ltd.

    34,000        208,342   

San-In Godo Bank, Ltd. (The)

    92,000        621,548   

 

MSF-86


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Sanden Corp. (c)

    71,000      $ 315,604   

Sanei Architecture Planning Co., Ltd.

    4,300        33,823   

Sangetsu Co., Ltd.

    15,400        403,384   

Sanken Electric Co., Ltd. (c)

    61,000        433,261   

Sanki Engineering Co., Ltd.

    35,000        222,711   

Sanko Marketing Foods Co., Ltd.

    3,100        27,070   

Sanko Metal Industrial Co., Ltd.

    10,000        25,830   

Sankyo Seiko Co., Ltd.

    22,100        80,183   

Sankyo Tateyama, Inc.

    14,200        277,305   

Sankyu, Inc.

    149,000        561,017   

Sanoh Industrial Co., Ltd.

    13,800        86,235   

Sanshin Electronics Co., Ltd.

    16,800        112,299   

Sanwa Holdings Corp.

    106,000        685,922   

Sanyo Chemical Industries, Ltd.

    32,000        204,453   

Sanyo Denki Co., Ltd.

    23,000        148,304   

Sanyo Electric Railway Co., Ltd.

    5,000        23,548   

Sanyo Housing Nagoya Co., Ltd.

    5,100        48,747   

Sanyo Industries, Ltd.

    13,000        22,506   

Sanyo Shokai, Ltd.

    73,000        212,614   

Sanyo Special Steel Co., Ltd.

    67,000        280,438   

Sapporo Holdings, Ltd.

    173,000        679,668   

Sasebo Heavy Industries Co., Ltd. (a)

    74,000        105,824   

Sata Construction Co., Ltd.

    42,000        49,509   

Sato Holdings Corp. (c)

    11,900        275,255   

Sato Shoji Corp.

    6,500        43,244   

Satori Electric Co., Ltd.

    7,100        45,501   

Sawada Holdings Co., Ltd. (a) (c)

    12,700        104,254   

Saxa Holdings, Inc.

    33,000        50,773   

SBS Holdings, Inc.

    2,300        38,493   

Scroll Corp.

    15,700        42,071   

SEC Carbon, Ltd.

    7,000        21,758   

Secom Joshinetsu Co., Ltd.

    900        22,908   

Seibu Electric Industry Co., Ltd.

    12,000        54,801   

Seika Corp.

    34,000        82,973   

Seikagaku Corp.

    13,400        178,491   

Seikitokyu Kogyo Co., Ltd. (a) (c)

    64,000        76,105   

Seiko Holdings Corp. (c)

    44,000        174,701   

Seiko PMC Corp. (c)

    1,600        22,354   

Seiren Co., Ltd.

    29,600        242,936   

Sekisui Jushi Corp.

    18,000        243,653   

Sekisui Plastics Co., Ltd.

    24,000        64,058   

Senko Co., Ltd. (c)

    52,000        225,493   

Senshu Electric Co., Ltd.

    3,200        39,290   

Senshu Ikeda Holdings, Inc. (c)

    102,900        470,543   

Senshukai Co., Ltd. (c)

    18,700        152,373   

Septeni Holdings Co., Ltd.

    8,000        102,065   

Seria Co., Ltd.

    4,700        173,989   

Shibaura Electronics Co., Ltd.

    2,800        57,320   

Shibaura Mechatronics Corp. (c)

    18,000        40,893   

Shibusawa Warehouse Co., Ltd. (The)

    29,000        108,335   

Shibuya Kogyo Co., Ltd. (c)

    11,600        308,367   

Shidax Corp. (c)

    9,600        46,102   

Shiga Bank, Ltd. (The)

    96,000        520,346   

Shikibo, Ltd.

    83,000        94,803   

Shikoku Bank, Ltd. (The)

    108,000        221,419   

Shikoku Chemicals Corp.

    21,000        151,272   

Shima Seiki Manufacturing, Ltd. (c)

    16,300        250,491   

Japan—(Continued)

   

Shimachu Co., Ltd.

    27,300      594,666   

SHIMANE BANK, Ltd. (The)

    2,500        32,032   

Shimizu Bank, Ltd. (The)

    5,400        140,508   

Shimojima Co., Ltd.

    6,300        65,200   

Shin Nippon Air Technologies Co., Ltd.

    7,300        45,894   

Shin-Etsu Polymer Co., Ltd.

    28,500        106,371   

Shin-Keisei Electric Railway Co., Ltd.

    23,000        84,060   

Shinagawa Refractories Co., Ltd.

    27,000        54,573   

Shindengen Electric Manufacturing Co., Ltd. (c)

    45,000        198,307   

Shinkawa, Ltd. (a)

    5,300        30,266   

Shinko Electric Industries Co., Ltd. (c)

    40,300        290,602   

Shinko Plantech Co., Ltd. (c)

    23,800        184,129   

Shinko Shoji Co., Ltd.

    13,500        122,888   

Shinko Wire Co., Ltd.

    12,000        19,858   

Shinmaywa Industries, Ltd.

    54,000        491,972   

Shinnihon Corp.

    19,000        57,490   

Shinsho Corp.

    30,000        61,211   

Shinwa Co., Ltd.

    3,900        47,601   

Ship Healthcare Holdings, Inc.

    16,600        639,591   

Shiroki Corp.

    31,000        62,325   

Shizuki Electric Co., Inc.

    8,000        30,579   

Shizuoka Gas Co., Ltd.

    31,500        192,208   

Shobunsha Publications, Inc.

    6,700        44,865   

Shoei Foods Corp.

    4,300        33,437   

Shofu, Inc.

    3,900        33,139   

Shoko Co., Ltd. (c)

    39,000        53,950   

Showa Aircraft Industry Co., Ltd. (c)

    5,000        57,502   

Showa Corp.

    29,300        321,200   

Showa Sangyo Co., Ltd.

    46,000        150,462   

Siix Corp. (c)

    8,900        145,441   

Sinanen Co., Ltd. (c)

    27,000        103,223   

Sinfonia Technology Co., Ltd.

    58,000        91,453   

Sinko Industries, Ltd.

    7,600        71,583   

Sintokogio, Ltd.

    29,200        222,797   

SKY Perfect JSAT Holdings, Inc.

    87,000        464,307   

SMK Corp. (c)

    40,000        150,385   

SNT Corp.

    10,900        41,227   

Soda Nikka Co., Ltd.

    7,000        30,024   

Sodick Co., Ltd.

    28,100        105,441   

Soft99 Corp. (c)

    5,100        35,127   

Softbank Technology Corp.

    1,600        23,587   

Software Service, Inc.

    1,500        53,560   

Sogo Medical Co., Ltd.

    2,800        112,475   

Soshin Electric Co., Ltd.

    1,500        5,455   

Sotetsu Holdings, Inc.

    6,000        21,946   

Sotoh Co., Ltd.

    4,300        38,359   

Space Co., Ltd.

    5,800        56,676   

SPK Corp.

    2,500        45,380   

Square Enix Holdings Co., Ltd. (c)

    36,000        739,641   

SRA Holdings

    5,600        75,222   

Srg Takamiya Co., Ltd.

    2,600        37,057   

ST Corp.

    6,900        66,752   

St. Marc Holdings Co., Ltd.

    4,400        216,445   

Star Micronics Co., Ltd.

    23,400        281,582   

Starbucks Coffee Japan, Ltd. (c)

    4,300        47,619   

Starts Corp., Inc.

    4,500        57,391   

 

MSF-87


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Starzen Co., Ltd.

    38,000      $ 101,527   

Stella Chemifa Corp.

    5,600        79,815   

Step Co., Ltd.

    4,100        29,088   

Studio Alice Co., Ltd.

    4,900        61,695   

Subaru Enterprise Co., Ltd.

    1,000        3,338   

Sugimoto & Co., Ltd.

    3,800        37,486   

Sumida Corp.

    8,500        47,072   

Suminoe Textile Co., Ltd.

    31,000        95,881   

Sumitomo Bakelite Co., Ltd.

    109,000        418,682   

Sumitomo Densetsu Co., Ltd.

    10,500        130,289   

Sumitomo Mitsui Construction Co., Ltd. (a)

    119,000        124,257   

Sumitomo Osaka Cement Co., Ltd.

    230,000        949,935   

Sumitomo Precision Products Co., Ltd.

    21,000        75,117   

Sumitomo Real Estate Sales Co., Ltd.

    8,760        275,730   

Sumitomo Seika Chemicals Co., Ltd. (c)

    30,000        200,987   

Sumitomo Warehouse Co., Ltd. (The)

    73,000        355,391   

Sun-Wa Technos Corp.

    3,900        32,818   

Suncall Corp.

    11,000        66,943   

SWCC Showa Holdings Co., Ltd. (a) (c)

    163,000        163,876   

Systena Corp.

    12,600        90,589   

T Hasegawa Co., Ltd.

    11,800        193,183   

T RAD Co., Ltd.

    41,000        116,286   

T&K Toka Co., Ltd.

    5,600        122,849   

Tachi-S Co., Ltd. (c)

    15,100        248,444   

Tachibana Eletech Co., Ltd.

    5,900        79,541   

Tadano, Ltd.

    46,000        596,742   

Taihei Dengyo Kaisha, Ltd.

    20,000        123,477   

Taiheiyo Kouhatsu, Inc. (c)

    46,000        44,024   

Taiho Kogyo Co., Ltd.

    9,800        92,781   

Taikisha, Ltd.

    15,800        342,147   

Taiko Bank, Ltd. (The)

    41,000        86,533   

Taiko Pharmaceutical Co., Ltd.

    4,300        70,239   

Taisei Lamick Co., Ltd. (c)

    2,700        69,123   

Taiyo Holdings Co., Ltd.

    7,500        221,709   

Taiyo Yuden Co., Ltd. (c)

    22,500        276,838   

Taka-Q, Ltd.

    6,000        13,356   

Takachiho Koheki Co., Ltd.

    400        4,168   

Takagi Securities Co., Ltd.

    18,000        54,600   

Takamatsu Construction Group Co., Ltd. (c)

    8,100        144,310   

Takano Co., Ltd.

    6,000        32,120   

Takaoka Toko Holdings Co., Ltd. (c)

    5,365        102,865   

Takara Leben Co., Ltd. (c)

    15,600        48,089   

Takara Printing Co., Ltd.

    3,100        24,513   

Takara Standard Co., Ltd.

    52,000        399,758   

Takasago International Corp.

    48,000        276,952   

Takasago Thermal Engineering Co., Ltd.

    33,300        340,514   

Takashima & Co., Ltd.

    25,000        58,738   

Take And Give Needs Co., Ltd.

    4,710        89,768   

Takeei Corp. (c)

    8,700        81,609   

Takeuchi Manufacturing Co., Ltd.

    7,000        180,341   

Takihyo Co., Ltd.

    13,000        52,194   

Takiron Co., Ltd.

    27,000        110,973   

Takisawa Machine Tool Co., Ltd.

    35,000        52,436   

Takuma Co., Ltd.

    41,000        292,587   

Tamron Co., Ltd. (c)

    9,600        227,219   

Tamura Corp.

    47,000        119,999   

Tanseisha Co., Ltd.

    14,300        64,134   

Japan—(Continued)

   

Tatsuta Electric Wire and Cable Co., Ltd. (c)

    24,100      124,333   

Tayca Corp.

    17,000        47,889   

TBK Co., Ltd.

    14,000        70,529   

TECHNO ASSOCIE Co., Ltd.

    300        3,023   

Techno Medica Co., Ltd.

    2,400        51,075   

Techno Ryowa, Ltd.

    4,800        23,242   

Tecmo Koei Holdings Co., Ltd. (c)

    12,200        164,929   

Teikoku Electric Manufacturing Co., Ltd. (c)

    4,700        153,679   

Teikoku Sen-I Co., Ltd.

    13,000        197,946   

Teikoku Tsushin Kogyo Co., Ltd.

    24,000        41,089   

Tekken Corp. (a) (c)

    82,000        221,342   

Temp Holdings Co., Ltd.

    7,400        195,996   

Ten Allied Co., Ltd. (a)

    2,600        7,626   

Tenma Corp.

    6,200        85,500   

Teraoka Seisakusho Co., Ltd.

    200        758   

Tigers Polymer Corp.

    2,200        9,024   

TKC Corp.

    12,400        245,828   

Toa Corp.

    127,000        364,181   

Toa Oil Co., Ltd.

    37,000        67,968   

TOA ROAD Corp.

    26,000        102,780   

Toabo Corp.

    56,000        38,449   

Toagosei Co., Ltd.

    109,000        465,923   

Tobishima Corp. (a) (c)

    69,900        103,387   

Tobu Store Co., Ltd.

    11,000        28,082   

TOC Co., Ltd.

    34,100        244,779   

Tocalo Co., Ltd.

    8,800        139,662   

Tochigi Bank, Ltd. (The)

    67,000        284,060   

Toda Corp. (c)

    120,000        396,028   

Toda Kogyo Corp.

    22,000        55,168   

Toei Animation Co., Ltd. (c)

    2,500        62,930   

Toei Co., Ltd.

    37,000        222,105   

Toenec Corp.

    20,000        109,669   

Toho Bank, Ltd. (The)

    115,000        373,645   

Toho Co., Ltd.

    20,000        68,350   

Toho Holdings Co., Ltd.

    25,000        528,327   

Toho Titanium Co., Ltd. (a) (c)

    18,600        111,168   

Toho Zinc Co., Ltd.

    85,000        257,334   

Tohoku Bank, Ltd. (The)

    56,000        83,974   

Tohokushinsha Film Corp.

    4,800        33,941   

Tohto Suisan Co., Ltd.

    22,000        46,783   

Tokai Carbon Co., Ltd.

    112,000        379,206   

Tokai Corp.

    5,500        157,124   

TOKAI Holdings Corp. (c)

    52,700        179,444   

Tokai Lease Co., Ltd.

    16,000        28,965   

Tokai Rubber Industries, Ltd.

    21,500        219,720   

Token Corp.

    4,160        189,349   

Tokushu Tokai Paper Co., Ltd.

    60,000        133,976   

Tokuyama Corp. (c)

    196,000        640,278   

Tokyo Derica Co., Ltd.

    3,900        59,468   

Tokyo Dome Corp.

    94,000        486,927   

Tokyo Electron Device, Ltd.

    2,400        31,503   

Tokyo Energy & Systems, Inc.

    15,000        72,775   

Tokyo Keiki, Inc. (c)

    32,000        93,103   

Tokyo Ohka Kogyo Co., Ltd.

    21,000        465,069   

Tokyo Rakutenchi Co., Ltd.

    17,000        80,949   

Tokyo Rope Manufacturing Co., Ltd. (a) (c)

    55,000        85,039   

Tokyo Sangyo Co., Ltd.

    12,000        46,666   

 

MSF-88


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Tokyo Seimitsu Co., Ltd.

    19,900      $ 349,627   

Tokyo Steel Manufacturing Co., Ltd.

    72,200        386,559   

Tokyo Tekko Co., Ltd.

    29,000        118,053   

Tokyo Theatres Co., Inc.

    42,000        59,639   

Tokyo Tomin Bank, Ltd. (The) (c)

    21,500        223,515   

Tokyu Construction Co., Ltd. (c)

    22,480        94,944   

Tokyu Recreation Co., Ltd.

    6,000        34,005   

Toli Corp.

    30,000        59,505   

Tomato Bank, Ltd.

    62,000        108,069   

Tomen Devices Corp.

    1,500        25,392   

Tomen Electronics Corp.

    6,500        103,521   

Tomoe Corp.

    16,000        70,219   

Tomoe Engineering Co., Ltd.

    3,600        59,670   

Tomoegawa Co., Ltd.

    12,000        23,135   

Tomoku Co., Ltd.

    37,000        104,797   

TOMONY Holdings, Inc.

    83,600        347,053   

Tomy Co., Ltd. (c)

    38,000        175,786   

Tonami Holdings Co., Ltd.

    32,000        59,763   

Toppan Forms Co., Ltd.

    28,300        262,957   

Topre Corp.

    23,700        253,017   

Topy Industries, Ltd.

    122,000        214,923   

Toridoll.corp (c)

    9,000        85,830   

Torigoe Co., Ltd. (The)

    9,200        63,842   

Torii Pharmaceutical Co., Ltd.

    5,600        181,426   

Torishima Pump Manufacturing Co., Ltd. (c)

    11,600        144,090   

Tosei Corp. (c)

    13,200        89,483   

Toshiba Machine Co., Ltd.

    62,000        292,655   

Toshiba Plant Systems & Services Corp.

    21,000        312,348   

Toshiba TEC Corp.

    13,000        73,846   

Tosho Co., Ltd. (c)

    3,500        53,798   

Tosho Printing Co., Ltd.

    26,000        113,408   

Totetsu Kogyo Co., Ltd. (c)

    16,000        296,117   

Tottori Bank, Ltd. (The)

    37,000        66,646   

Toukei Computer Co., Ltd.

    2,200        29,731   

Towa Bank, Ltd. (The)

    178,000        173,760   

Towa Corp. (c)

    11,100        58,279   

Towa Pharmaceutical Co., Ltd. (c)

    5,200        224,199   

Toyo Construction Co., Ltd. (c)

    41,099        144,293   

Toyo Corp. (c)

    15,800        162,923   

Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd. (c)

    23,000        77,805   

Toyo Engineering Corp. (c)

    62,000        286,022   

Toyo Ink SC Holdings Co., Ltd.

    107,000        431,418   

Toyo Kanetsu KK

    68,000        172,924   

Toyo Kohan Co., Ltd.

    35,000        171,078   

Toyo Securities Co., Ltd.

    43,000        146,689   

Toyo Sugar Refining Co., Ltd.

    9,000        8,705   

Toyo Tanso Co., Ltd. (c)

    7,200        159,347   

Toyo Tire & Rubber Co., Ltd.

    99,000        699,697   

Toyo Wharf & Warehouse Co., Ltd.

    30,000        71,276   

Toyobo Co., Ltd. (c)

    464,000        726,759   

TPR Co., Ltd.

    12,200        186,444   

Trancom Co., Ltd.

    3,900        151,848   

Transcosmos, Inc. (a)

    13,100        270,126   

Trusco Nakayama Corp.

    10,700        248,148   

TSI Holdings Co., Ltd.

    47,805        317,504   

Tsubakimoto Chain Co.

    77,000        549,583   

Japan—(Continued)

   

Tsubakimoto Kogyo Co., Ltd.

    8,000      22,053   

Tsudakoma Corp. (a)

    31,000        47,644   

Tsugami Corp. (c)

    38,000        226,574   

Tsukamoto Corp. Co., Ltd.

    21,000        27,803   

Tsukishima Kikai Co., Ltd.

    13,000        145,209   

Tsukuba Bank, Ltd. (The)

    47,200        181,558   

Tsukui Corp. (c)

    13,900        135,271   

Tsurumi Manufacturing Co., Ltd.

    10,000        128,903   

Tsutsumi Jewelry Co., Ltd.

    3,800        91,206   

TTK Co., Ltd.

    4,000        17,653   

TV Tokyo Holdings Corp.

    3,700        62,589   

TYK Corp.

    6,000        12,758   

U-Shin, Ltd. (c)

    16,000        96,880   

UACJ Corp.

    127,850        526,340   

Uchida Yoko Co., Ltd.

    32,000        90,087   

Ueki Corp.

    11,000        22,248   

UKC Holdings Corp.

    6,200        106,898   

Ulvac, Inc. (a)

    27,300        556,364   

Uniden Corp. (a)

    25,000        62,339   

Union Tool Co.

    7,000        159,723   

Unipres Corp.

    19,400        349,150   

United Arrows, Ltd.

    9,300        343,576   

Universal Entertainment Corp. (c)

    8,500        154,900   

UNY Group Holdings Co., Ltd.

    55,400        329,281   

Uoriki Co., Ltd.

    2,100        28,316   

Usen Corp. (a) (c)

    64,530        202,020   

Ushio, Inc.

    52,700        683,089   

UT Holdings Co., Ltd.

    14,200        74,117   

Utoc Corp.

    5,100        17,706   

Valor Co., Ltd.

    16,900        212,004   

Village Vanguard Co., Ltd. (c)

    3,400        41,063   

Vital KSK Holdings, Inc.

    20,300        153,103   

VT Holdings Co., Ltd. (c)

    47,700        262,654   

Wacoal Holdings Corp.

    26,000        264,894   

Wacom Co., Ltd. (c)

    13,700        96,020   

Wakachiku Construction Co., Ltd.

    69,000        93,411   

Wakamoto Pharmaceutical Co., Ltd.

    9,000        24,143   

Wakita & Co., Ltd.

    20,000        235,374   

Warabeya Nichiyo Co., Ltd.

    8,400        158,443   

Watabe Wedding Corp.

    4,400        28,961   

WATAMI Co., Ltd. (c)

    11,200        163,375   

Weathernews, Inc. (c)

    3,600        95,786   

Welcia Holdings Co., Ltd.

    3,900        219,232   

Wellnet Corp.

    2,700        51,162   

West Holdings Corp. (c)

    7,200        86,970   

Wood One Co., Ltd.

    19,000        59,539   

Wowow, Inc.

    2,700        96,097   

Xebio Co., Ltd.

    14,100        244,849   

Y. A. C. Co., Ltd.

    4,900        27,438   

Yachiyo Bank, Ltd. (The)

    8,500        232,221   

Yachiyo Industry Co., Ltd.

    5,600        42,259   

Yahagi Construction Co., Ltd.

    17,100        167,416   

Yaizu Suisankagaku Industry Co., Ltd.

    4,400        40,389   

YAMABIKO Corp.

    4,100        166,814   

Yamagata Bank, Ltd. (The)

    80,000        339,950   

Yamaichi Electronics Co., Ltd.

    8,200        32,902   

Yamanashi Chuo Bank, Ltd. (The)

    91,000        410,494   

 

MSF-89


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Yamatane Corp.

    53,000      $ 83,183   

Yamato Corp.

    9,000        30,472   

Yamato International, Inc.

    6,700        27,822   

Yamaya Corp.

    2,650        52,052   

Yamazawa Co., Ltd.

    1,000        14,736   

Yamazen Corp.

    32,100        212,491   

Yaoko Co., Ltd. (c)

    3,600        170,876   

Yashima Denki Co., Ltd.

    7,500        32,307   

Yasuda Warehouse Co., Ltd. (The)

    7,400        78,943   

Yellow Hat, Ltd.

    10,700        213,622   

Yodogawa Steel Works, Ltd.

    70,000        289,071   

Yokogawa Bridge Holdings Corp.

    18,000        197,969   

Yokohama Reito Co., Ltd.

    26,500        220,975   

Yokowo Co., Ltd.

    7,900        42,849   

Yomeishu Seizo Co., Ltd.

    6,000        57,206   

Yondenko Corp.

    12,000        42,036   

Yondoshi Holding, Inc.

    11,700        200,815   

Yonekyu Corp.

    800        6,225   

Yonex Co., Ltd.

    5,900        37,078   

Yorozu Corp.

    9,600        157,382   

Yoshinoya Holdings Co., Ltd.

    1,200        15,285   

Yuasa Funashoku Co., Ltd.

    8,000        19,275   

Yuasa Trading Co., Ltd.

    100,000        205,665   

Yuken Kogyo Co., Ltd.

    22,000        47,853   

Yuki Gosei Kogyo Co., Ltd.

    6,000        14,971   

Yurtec Corp.

    26,000        99,808   

Yusen Logistics Co., Ltd.

    11,700        147,418   

Yushin Precision Equipment Co., Ltd.

    500        14,647   

Yushiro Chemical Industry Co., Ltd.

    7,300        71,497   

Zappallas, Inc.

    4,900        35,931   

Zenrin Co., Ltd. (c)

    15,700        158,421   

Zensho Holdings Co., Ltd. (c)

    31,200        305,278   

ZERIA Pharmaceutical Co., Ltd.

    8,800        179,613   

Zojirushi Corp.

    10,000        31,811   

Zuken, Inc.

    7,200        57,481   
   

 

 

 
      207,094,669   
   

 

 

 

Netherlands—2.2%

  

Aalberts Industries NV

    53,139        1,857,051   

Accell Group

    13,869        286,580   

AMG Advanced Metallurgical Group NV (a)

    17,624        173,798   

Amsterdam Commodities NV

    10,026        246,184   

APERAM (a) (c)

    33,328        887,107   

Arcadis NV

    32,441        1,248,841   

ASM International NV

    26,751        1,075,243   

Ballast Nedam (a)

    1,358        17,476   

BE Semiconductor Industries NV

    23,461        363,051   

Beter Bed Holding NV

    10,318        232,284   

BinckBank NV

    39,299        465,033   

Brunel International NV

    6,300        442,096   

Corbion NV (c)

    19,773        466,824   

Delta Lloyd NV

    91,549        2,540,859   

DOCdata NV

    1,934        43,424   

Exact Holding NV (c)

    7,888        300,018   

Grontmij (a) (c)

    40,836        205,552   

Heijmans NV (c)

    14,562        264,331   

Netherlands—(Continued)

   

Hunter Douglas NV

    2,423      116,742   

KAS Bank NV

    7,278        100,636   

Kendrion NV

    4,261        145,877   

Koninklijke BAM Groep NV (c)

    183,068        1,099,570   

Koninklijke Wessanen NV

    54,622        311,466   

Macintosh Retail Group NV

    7,046        76,626   

Nederland Apparatenfabriek

    2,742        116,331   

Nutreco NV

    38,964        1,731,988   

Ordina NV (a)

    57,689        155,656   

PostNL NV (a)

    219,352        1,005,983   

Royal Imtech NV (a) (c)

    38,313        105,194   

SBM Offshore NV (a)

    103,661        1,886,588   

Sligro Food Group NV (c)

    13,645        559,183   

SNS REAAL NV (a) (b) (c)

    105,329        0   

Telegraaf Media Groep NV (c)

    13,542        137,048   

Ten Cate NV

    20,330        627,408   

TKH Group NV

    23,125        808,192   

TNT Express NV

    6,296        62,013   

TomTom NV (a) (c)

    76,476        516,666   

USG People NV

    43,376        704,505   

Van Lanschot NV (a)

    45        1,178   
   

 

 

 
      21,384,602   
   

 

 

 

New Zealand—0.9%

  

A2 Corp., Ltd. (a)

    134,580        106,284   

Abano Healthcare Group, Ltd.

    880        5,198   

Air New Zealand, Ltd.

    170,907        303,571   

Bathurst Resources New Zealand, Ltd. (a) (c)

    206,414        14,560   

Briscoe Group, Ltd.

    13,123        28,046   

Cavalier Corp., Ltd.

    7,259        9,778   

Chorus, Ltd. (c)

    106,254        158,324   

Diligent Board Member Services, Inc. (a) (c)

    19,249        69,443   

Ebos Group, Ltd.

    40,868        363,706   

Fisher & Paykel Healthcare Corp., Ltd. (c)

    259,685        959,625   

Freightways, Ltd.

    81,878        344,028   

Hallenstein Glasson Holdings, Ltd.

    19,012        51,282   

Heartland New Zealand, Ltd.

    72,313        55,363   

Infratil, Ltd.

    399,354        783,545   

Kathmandu Holdings, Ltd.

    23,984        80,165   

Mainfreight, Ltd.

    40,292        463,658   

Methven, Ltd.

    19,898        19,873   

Michael Hill International, Ltd.

    82,929        98,193   

Millennium & Copthorne Hotels New Zealand, Ltd.

    26,384        14,425   

New Zealand Oil & Gas, Ltd.

    178,730        118,745   

New Zealand Refining Co., Ltd. (The)

    27,432        41,737   

Nuplex Industries, Ltd.

    105,582        317,166   

NZX, Ltd.

    130,860        145,504   

Opus International Consultants, Ltd.

    4,000        6,849   

Pacific Edge, Ltd. (a)

    17,353        20,372   

PGG Wrightson, Ltd.

    58,545        20,822   

Pike River Coal Co., Ltd. (a) (b)

    82,575        0   

Port of Tauranga, Ltd.

    38,167        471,687   

Pumpkin Patch, Ltd. (a)

    31,660        15,945   

Restaurant Brands New Zealand, Ltd.

    55,682        141,598   

Rubicon, Ltd. (a)

    9,922        3,268   

 

MSF-90


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

New Zealand—(Continued)

  

Ryman Healthcare, Ltd.

    152,639      $ 1,162,797   

Sanford, Ltd.

    314        1,213   

Skellerup Holdings, Ltd.

    29,759        46,012   

Sky City Entertainment Group, Ltd.

    295,453        1,009,120   

Sky Network Television, Ltd.

    107,194        583,042   

Tower, Ltd.

    59,836        81,571   

Trade Me Group, Ltd.

    20,069        70,980   

TrustPower, Ltd.

    13,980        78,814   

Vector, Ltd. (c)

    163,940        346,167   

Warehouse Group, Ltd. (The)

    53,562        149,739   

Xero, Ltd. (a)

    18,201        623,702   
   

 

 

 
      9,385,917   
   

 

 

 

Norway—1.1%

  

ABG Sundal Collier Holding ASA

    167,319        159,257   

American Shipping ASA (a)

    5,479        41,077   

Archer, Ltd. (a)

    72,304        94,168   

Atea ASA

    37,179        407,911   

Austevoll Seafood ASA

    48,445        287,015   

Bionor Pharma ASA (a)

    16,875        8,410   

Bonheur ASA

    4,316        85,045   

BW Offshore, Ltd.

    176,208        228,126   

BWG Homes ASA (a)

    39,260        70,797   

Cermaq ASA (c)

    32,403        360,187   

Deep Sea Supply plc (a)

    53,588        87,058   

Det Norske Oljeselskap ASA (a) (c)

    25,513        267,145   

DNO International ASA (a)

    256,355        978,084   

DOF ASA (a)

    26,204        118,909   

Ekornes ASA

    13,813        219,086   

Electromagnetic GeoServices (a) (c)

    82,083        101,083   

Eltek ASA

    122,435        155,660   

Evry ASA

    25,788        43,669   

Farstad Shipping ASA

    6,040        123,055   

Frontline, Ltd. (a) (c)

    36,608        143,701   

Ganger Rolf ASA

    7,335        142,720   

Golden Ocean Group, Ltd.

    173,259        343,666   

Grieg Seafood ASA (a)

    11,731        46,865   

Hexagon Composites ASA

    3,758        21,838   

Hoegh LNG Holdings, Ltd. (a)

    15,525        140,655   

Hurtigruten ASA (a)

    79,346        58,181   

Kongsberg Automotive Holding ASA (a)

    236,674        216,832   

Kvaerner ASA

    92,750        198,545   

Leroy Seafood Group ASA

    9,723        315,893   

Nordic Semiconductor ASA (a) (c)

    76,341        470,960   

Norske Skogindustrier ASA (a)

    101,549        83,088   

Northern Offshore, Ltd.

    47,579        69,353   

Norwegian Air Shuttle A/S (a) (c)

    12,510        528,688   

Norwegian Energy Co. ASA (a) (c)

    1,116,642        35,401   

Odfjell SE - A Shares (a)

    1,949        11,556   

Olav Thon Eiendomsselskap ASA

    97        17,821   

Opera Software ASA

    35,363        461,755   

Panoro Energy ASA (a)

    64,409        36,140   

PhotoCure ASA (a)

    5,477        23,036   

ProSafe SE (c)

    46,555        373,005   

Q-Free ASA (a)

    24,256        59,148   

REC Solar ASA (a)

    10,877        168,879   

Norway—(Continued)

   

Renewable Energy Corp. ASA (a)

    630,934      411,179   

Salmar ASA (a)

    8,438        120,877   

Sevan Marine ASA (a)

    19,916        78,705   

Siem Offshore, Inc. (a)

    86,433        130,218   

Solstad Offshore ASA

    6,576        118,052   

Songa Offshore SE (a)

    180,757        84,221   

SpareBank 1 SMN

    40,946        367,533   

SpareBank 1 SR Bank ASA

    768        7,793   

Stolt-Nielsen, Ltd.

    9,173        266,474   

Tomra Systems ASA

    67,216        644,585   

TTS Group ASA

    18,359        19,446   

Veidekke ASA

    57,200        592,852   

Wilh Wilhelmsen ASA

    22,562        213,998   

Wilh Wilhelmsen Holding ASA

    5,524        180,028   
   

 

 

 
      11,039,429   
   

 

 

 

Portugal—0.8%

  

Altri SGPS S.A.

    79,420        289,085   

Banco BPI S.A. (a) (c)

    241,547        632,052   

Banco Comercial Portugues S.A. (a)

    5,819,037        1,823,663   

Banco Espirito Santo S.A. (a) (c)

    286,689        538,386   

Mota-Engil SGPS S.A.

    40,942        333,120   

Novabase SGPS S.A.

    7,827        42,263   

Portucel Empresa Produtora de Pasta e Papel S.A.

    135,397        616,018   

REN - Redes Energeticas Nacionais SGPS S.A.

    133,701        527,327   

Semapa-Sociedade de Investimento e Gestao

    48,412        710,757   

Sonae

    597,292        1,123,655   

Sonae Industria SGPS S.A. (a)

    24,230        23,404   

Teixeira Duarte S.A.

    103,277        157,189   

ZON OPTIMUS SGPS S.A.

    131,797        1,036,050   
   

 

 

 
      7,852,969   
   

 

 

 

Singapore—1.5%

  

Abterra, Ltd. (a)

    51,720        22,819   

Amara Holdings, Ltd.

    105,000        44,265   

Amtek Engineering, Ltd.

    132,000        69,769   

ASL Marine Holdings, Ltd.

    105,000        58,578   

Ausgroup, Ltd. (a) (c)

    267,000        72,512   

Baker Technology, Ltd.

    166,000        40,930   

Banyan Tree Holdings, Ltd. (c)

    155,000        78,872   

Biosensors International Group, Ltd. (c)

    473,000        351,449   

Bonvests Holdings, Ltd.

    18,000        16,901   

Boustead Singapore, Ltd.

    160,000        237,996   

Breadtalk Group, Ltd.

    82,000        80,631   

Broadway Industrial Group, Ltd. (a)

    138,000        28,577   

Bukit Sembawang Estates, Ltd.

    72,000        310,533   

Bund Center Investment, Ltd.

    552,000        87,888   

CH Offshore, Ltd.

    157,000        51,216   

China Aviation Oil Singapore Corp., Ltd.

    153,600        106,402   

China Merchants Holdings Pacific, Ltd.

    53,000        40,464   

Chip Eng Seng Corp., Ltd.

    327,000        191,491   

Chuan Hup Holdings, Ltd.

    125,000        25,331   

Cityspring Infrastructure Trust

    186,000        69,555   

Cosco Corp. Singapore, Ltd. (c)

    560,000        318,807   

 

MSF-91


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

   

Creative Technology, Ltd.

    22,600      $ 41,756   

CSC Holdings, Ltd.

    284,000        19,925   

CSE Global, Ltd.

    301,000        141,427   

CWT, Ltd.

    119,000        139,036   

Datapulse Technology, Ltd.

    106,000        13,151   

Delong Holdings, Ltd. (a)

    91,000        28,953   

DMX Technologies Group, Ltd.

    186,000        29,606   

Dyna-Mac Holdings, Ltd.

    20,000        6,131   

Elec & Eltek International Co., Ltd.

    23,000        37,531   

Eu Yan Sang International, Ltd.

    90,000        62,234   

Ezra Holdings, Ltd. (c)

    483,799        420,329   

Falcon Energy Group, Ltd.

    151,000        39,005   

Far East Orchard, Ltd.

    95,044        127,846   

FJ Benjamin Holdings, Ltd.

    106,000        16,065   

Food Empire Holdings, Ltd.

    118,000        37,313   

Fragrance Group, Ltd. (c)

    1,352,000        274,581   

Gallant Venture, Ltd. (a) (c)

    479,000        114,157   

GK Goh Holdings, Ltd.

    12,000        8,121   

GMG Global, Ltd.

    2,022,000        152,659   

Goodpack, Ltd.

    156,000        265,706   

GuocoLand, Ltd.

    28,000        48,755   

GuocoLeisure, Ltd. (c)

    306,000        225,253   

HanKore Environment Tech Group, Ltd. (a) (c)

    157,000        17,087   

Hanwell Holdings, Ltd. (a)

    19,000        3,775   

Healthway Medical Corp., Ltd. (a)

    701,750        34,608   

HG Metal Manufacturing, Ltd.

    460,000        35,548   

Hi-P International, Ltd.

    125,000        54,807   

Hiap Hoe, Ltd.

    58,000        41,941   

Hiap Seng Engineering, Ltd.

    61,500        10,026   

HLH Group, Ltd. (a)

    1,066,000        16,985   

Ho Bee Investment, Ltd. (c)

    153,000        265,399   

Hong Fok Corp., Ltd.

    223,400        130,590   

Hong Leong Asia, Ltd.

    74,000        84,083   

Hotel Grand Central, Ltd.

    1,000        904   

Hotel Properties, Ltd.

    125,000        294,405   

Hour Glass, Ltd. (The)

    43,000        57,156   

HTL International Holdings, Ltd.

    69,000        15,333   

HupSteel, Ltd.

    111,000        18,054   

Hwa Hong Corp., Ltd.

    138,000        32,920   

Hyflux, Ltd. (c)

    243,500        237,320   

Indofood Agri Resources, Ltd. (c)

    301,000        233,864   

InnoTek, Ltd.

    88,000        22,069   

IPC Corp., Ltd.

    296,000        35,328   

Jaya Holdings, Ltd.

    244,000        150,723   

Jiutian Chemical Group, Ltd. (a)

    649,000        36,606   

K-Green Trust

    177,000        146,402   

K1 Ventures, Ltd.

    483,000        75,304   

Keppel Telecommunications & Transportation, Ltd.

    67,000        91,570   

Koh Brothers Group, Ltd.

    97,000        23,932   

LCD Global Investment, Ltd.

    385,200        42,321   

Li Heng Chemical Fibre Technologies, Ltd. (a)

    309,000        23,582   

Lian Beng Group, Ltd.

    237,000        115,256   

Low Keng Huat Singapore, Ltd.

    153,000        82,099   

Lum Chang Holdings, Ltd.

    115,000        30,611   

Singapore—(Continued)

   

M1, Ltd. (c)

    99,000      273,339   

Manhattan Resources, Ltd. (a)

    83,000        40,259   

Marco Polo Marine, Ltd. (c)

    51,000        15,640   

Mercator Lines Singapore, Ltd. (a)

    70,000        5,509   

Mermaid Maritime plc

    29,000        10,372   

Metro Holdings, Ltd.

    199,600        134,831   

Mewah International, Inc. (c)

    205,000        81,637   

Midas Holdings, Ltd. (c)

    675,000        236,867   

Nam Cheong, Ltd. (c)

    659,000        175,871   

NSL, Ltd.

    15,000        25,992   

Oceanus Group, Ltd. (a)

    901,000        13,656   

OSIM International, Ltd. (c)

    109,000        224,734   

Otto Marine, Ltd. (a) (c)

    522,000        32,904   

OUE Hospitality Trust (c)

    29,000        19,483   

Overseas Union Enterprise, Ltd. (c)

    174,000        310,599   

Pan-United Corp., Ltd.

    130,000        108,590   

Petra Foods, Ltd.

    111,000        326,041   

Popular Holdings, Ltd.

    192,000        34,194   

QAF, Ltd.

    123,811        84,183   

Raffles Education Corp., Ltd. (a)

    470,374        108,603   

Raffles Medical Group, Ltd.

    36,628        93,555   

Rickmers Maritime

    110,000        24,963   

Riverstone Holdings, Ltd.

    20,000        12,912   

Rotary Engineering, Ltd.

    128,000        70,318   

Roxy-Pacific Holdings, Ltd.

    128,750        58,679   

S I2I, Ltd. (a)

    1,741,000        12,456   

SBS Transit, Ltd.

    40,500        39,132   

See Hup Seng, Ltd.

    163,000        40,284   

Sheng Siong Group, Ltd.

    231,000        109,229   

Sim Lian Group, Ltd. (c)

    121,500        81,223   

Sinarmas Land, Ltd. (c)

    814,000        369,819   

Sing Holdings, Ltd.

    82,000        23,150   

Singapore Post, Ltd. (c)

    773,544        837,012   

Singapore Reinsurance Corp., Ltd.

    1,000        223   

Sino Grandness Food Industry Group, Ltd. (a) (c)

    154,000        83,812   

SMRT Corp., Ltd. (c)

    226,000        183,249   

Stamford Land Corp., Ltd.

    304,000        141,528   

Sunningdale Tech, Ltd.

    303,000        38,127   

SunVic Chemical Holdings, Ltd. (a)

    143,000        68,972   

Super Group, Ltd. (c)

    100,000        277,031   

Swiber Holdings, Ltd. (a) (c)

    319,000        168,876   

Swissco Holdings, Ltd.

    80,000        21,679   

Tat Hong Holdings, Ltd.

    187,000        113,259   

Thakral Corp., Ltd.

    197,000        4,392   

Tiong Woon Corp. Holding, Ltd.

    218,250        53,800   

Triyards holdings, Ltd.

    39,979        20,026   

Tuan Sing Holdings, Ltd.

    390,705        104,264   

UMS Holdings, Ltd.

    116,000        73,760   

United Engineers, Ltd.

    256,000        421,771   

United Envirotech, Ltd.

    214,000        253,153   

United Fiber System, Ltd. (a)

    426,950        5,771   

United Overseas Insurance, Ltd.

    4,000        14,087   

UOB-Kay Hian Holdings, Ltd.

    178,000        236,438   

UPP Holdings, Ltd.

    218,000        46,007   

Vard Holdings, Ltd. (a) (c)

    289,000        230,157   

Venture Corp., Ltd.

    149,000        884,417   

 

MSF-92


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

   

Vibrant Group, Ltd.

    773,071      $ 63,900   

Vicom, Ltd.

    2,000        9,445   

Wee Hur Holdings, Ltd.

    234,000        65,076   

Wheelock Properties Singapore, Ltd.

    104,000        136,485   

Wing Tai Holdings, Ltd. (c)

    267,621        390,013   

Yeo Hiap Seng, Ltd.

    19,712        36,548   

YHI International, Ltd.

    78,000        14,882   

Yongnam Holdings, Ltd.

    750,000        134,394   
   

 

 

 
      15,346,712   
   

 

 

 

Spain—2.5%

  

Abengoa S.A.

    20,451        114,633   

Abengoa S.A. - B Shares

    81,804        381,389   

Acciona S.A.

    2,173        188,452   

Acerinox S.A. (c)

    64,877        1,043,276   

Adveo Group International S.A.

    5,993        143,421   

Almirall S.A.

    34,815        594,925   

Atresmedia Corp. de Medios de Comunicaion S.A. (a)

    35,378        545,255   

Azkoyen S.A. (a)

    1,608        6,441   

Bankinter S.A.

    272,327        2,194,236   

Baron de Ley (a)

    1,446        144,482   

Bolsas y Mercados Espanoles S.A.

    36,110        1,470,471   

Caja de Ahorros del Mediterraneo (a) (b) (c)

    14,621        0   

Campofrio Food Group S.A. (a)

    12,609        119,846   

Cementos Portland Valderrivas S.A. (a)

    7,045        72,932   

Cie Automotive S.A.

    19,638        233,151   

Construcciones y Auxiliar de Ferrocarriles S.A.

    858        440,194   

Deoleo S.A. (a) (c)

    241,759        145,136   

Dinamia Capital Privado Sociedad de Capital Riesgo S.A.

    3,678        37,600   

Duro Felguera S.A. (c)

    33,927        232,249   

Ebro Foods S.A. (c)

    42,775        989,605   

Elecnor S.A.

    13,487        197,691   

Ence Energia y Celulosa S.A (c)

    104,517        315,862   

Ercros S.A. (a)

    60,314        42,145   

Faes Farma S.A.

    148,861        513,140   

Fluidra S.A.

    9,730        48,709   

Fomento de Construcciones y Contratas S.A. (a)

    17,778        406,003   

Gamesa Corp. Tecnologica S.A. (a)

    133,307        1,449,405   

Grupo Catalana Occidente S.A.

    26,168        1,064,775   

Grupo Ezentis S.A. (a)

    50,354        88,331   

Iberpapel Gestion S.A.

    185        3,663   

Indra Sistemas S.A. (c)

    51,661        1,039,216   

Inmobiliaria Colonial S.A. (a)

    10,263        26,497   

Jazztel plc (a)

    120,507        1,835,858   

Laboratorios Farmaceuticos Rovi S.A.

    7,964        107,037   

Mediaset Espana Comunicacion S.A. (a) (c)

    83,216        971,281   

Melia Hotels International S.A. (c)

    33,769        435,195   

Miquel y Costas & Miquel S.A.

    5,284        218,882   

Natra S.A. (a)

    7,533        20,491   

NH Hoteles S.A. (a)

    74,813        532,728   

Obrascon Huarte Lain S.A.

    24,970        1,086,830   

Papeles y Cartones de Europa S.A.

    24,499        132,237   

Spain—(Continued)

   

Pescanova S.A. (a) (b)

    7,446      0   

Prim S.A.

    3,013        24,324   

Promotora de Informaciones S.A. (a) (c)

    160,309        92,168   

Prosegur Cia de Seguridad S.A.

    89,130        574,194   

Realia Business S.A. (a) (c)

    74,911        126,762   

Sacyr Vallehermoso S.A. (a)

    177,060        1,175,197   

Solaria Energia y Medio Ambiente S.A. (a)

    19,439        35,168   

Tecnicas Reunidas S.A. (c)

    14,817        838,192   

Telecomunicaciones y Energia (a)

    13,592        33,200   

Tubacex S.A.

    74,065        341,502   

Tubos Reunidos S.A.

    63,692        180,502   

Vidrala S.A.

    9,644        518,308   

Viscofan S.A. (c)

    23,625        1,235,890   

Vocento S.A. (a)

    5,362        18,627   

Zeltia S.A. (a)

    112,364        413,470   
   

 

 

 
      25,241,174   
   

 

 

 

Sweden—3.7%

  

AarhusKarlshamn AB

    14,131        927,755   

Acando AB

    32,257        74,749   

AddNode Group AB

    1,849        11,595   

AddTech AB - B Shares

    32,544        511,993   

AF AB - B Shares

    19,509        723,053   

Arise AB (a)

    4,852        17,752   

Atrium Ljungberg AB - B Shares

    3,824        58,095   

Avanza Bank Holding AB

    5,548        213,170   

Axfood AB (c)

    11,896        657,953   

Axis Communications AB (c)

    20,453        700,141   

B&B Tools AB - B Shares

    12,796        235,730   

BE Group AB (a)

    31,085        53,932   

Beijer AB G&L - B Shares

    6,405        128,598   

Beijer Alma AB

    10,939        305,338   

Beijer Electronics AB

    5,229        55,711   

Betsson AB (a)

    15,053        548,314   

Bilia AB - A Shares

    10,743        344,717   

Billerud AB

    89,835        1,244,638   

BioGaia AB - B Shares

    7,656        251,337   

Biotage AB

    15,339        25,715   

Bjoern Borg AB (a)

    9,936        39,753   

Bure Equity AB

    37,705        160,286   

Byggmax Group AB

    19,874        155,809   

Castellum A.B.

    88,397        1,469,320   

Cision AB

    3,202        30,182   

Clas Ohlson AB - B Shares

    19,724        417,546   

Cloetta AB - B Shares (a)

    15,301        55,789   

Concentric AB

    32,613        453,351   

Concordia Maritime AB - B Shares

    4,217        8,372   

Connecta AB

    4,752        26,946   

Dios Fastigheter AB

    25,743        213,707   

Doro AB

    8,437        54,929   

Duni AB

    21,125        277,661   

East Capital Explorer AB (a)

    7,088        55,368   

Enea AB (a)

    6,525        53,168   

Eniro AB (a)

    55,843        501,715   

Fabege AB (c)

    79,503        1,036,639   

Fagerhult AB

    2,130        97,377   

 

MSF-93


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

   

Fastighets AB Balder - B Shares (a) (c)

    36,044      $ 436,772   

Fenix Outdoor AB

    384        20,247   

Gunnebo AB

    23,589        139,850   

Haldex AB

    33,062        386,807   

Hexpol AB (c)

    11,619        1,026,588   

HIQ International AB (a) (c)

    34,294        209,294   

HMS Networks AB

    709        14,646   

Holmen AB - B Shares

    32,135        1,181,434   

Hufvudstaden AB - A Shares (c)

    15,492        218,756   

Husqvarna AB - A Shares

    9,289        64,610   

Husqvarna AB - B Shares (c)

    210,669        1,471,653   

Industrial & Financial Systems

    11,624        327,632   

Indutrade AB

    8,220        392,701   

Intrum Justitia AB

    33,868        924,667   

JM AB

    47,411        1,557,882   

KappAhl AB (a)

    29,980        186,082   

Karolinska Development AB (a) (c)

    7,514        30,513   

Klovern AB

    22,837        121,999   

KNOW IT AB

    10,654        107,819   

Kungsleden AB

    74,623        616,434   

Lagercrantz AB - B Shares

    9,342        183,410   

Lindab International AB (a)

    46,206        557,790   

Loomis AB - Class B

    39,066        1,004,325   

Medivir AB - B Shares (a)

    16,404        290,298   

Mekonomen AB (c)

    9,563        263,603   

Micronic Mydata AB (a)

    46,878        123,209   

Modern Times Group AB - B Shares

    9,830        459,809   

MQ Holding AB

    9,112        37,199   

NCC AB - A Shares

    3,116        112,174   

NCC AB - B Shares (c)

    45,222        1,639,728   

Nederman Holding AB

    932        27,154   

Net Entertainment NE AB - B Shares (a)

    16,258        386,576   

Net Insight AB (a)

    143,837        41,774   

New Wave Group AB - B Shares (c)

    27,702        195,477   

Nibe Industrier AB - B Shares (c)

    40,031        1,031,985   

Nobia AB

    90,272        798,628   

Nolato AB - B Shares

    12,091        305,126   

Nordnet AB - B Shares

    50,893        213,856   

OEM International AB - B Shares

    498        8,969   

Orexo AB (a) (c)

    5,087        103,417   

PA Resources AB (a)

    3,844        4,993   

Peab AB

    89,685        634,297   

Pricer AB - B Shares

    57,101        51,126   

Proact IT Group AB

    4,203        57,614   

Proffice AB - B Shares

    32,500        122,909   

Ratos AB - B Shares (c)

    15,038        139,535   

ReadSoft AB - B Shares

    7,499        20,740   

Rezidor Hotel Group AB (a)

    41,212        279,578   

rnb Retail and Brands AB (a)

    5,888        15,755   

Saab AB - Class B

    27,146        828,154   

Sagax AB

    14,540        71,877   

SAS AB (a) (c)

    78,024        172,911   

Sectra AB - B Shares (a)

    2,976        36,534   

Semcon AB

    8,454        90,769   

SkiStar AB

    12,482        160,035   

SSAB AB - A Shares (c)

    87,230        674,525   

SSAB AB - B Shares (c)

    46,497        312,191   

Sweden—(Continued)

   

Sweco AB - B Shares

    18,222      304,536   

Swedish Orphan Biovitrum AB (a)

    74,978        822,608   

Systemair AB

    6,265        107,816   

TradeDoubler AB (a) (c)

    21,483        56,122   

Transcom WorldWide S.A. (a)

    22,591        4,381   

Transmode Holding AB

    2,253        37,838   

Trelleborg AB - B Shares

    2,063        41,712   

Unibet Group plc

    16,402        824,008   

Vitrolife AB

    7,246        105,883   

Wallenstam AB - B Shares (c)

    46,001        754,261   

Wihlborgs Fastigheter AB

    34,720        676,583   
   

 

 

 
      36,828,388   
   

 

 

 

Switzerland—4.8%

  

Advanced Digital Broadcast Holdings S.A. (a)

    557        9,098   

AFG Arbonia-Forster Holding AG (a)

    9,594        318,188   

Allreal Holding AG (a)

    6,898        995,459   

Alpiq Holding AG (a)

    28        3,864   

APG SGA S.A.

    818        278,149   

Ascom Holding AG (a)

    17,215        353,791   

Autoneum Holding AG (a)

    2,052        472,583   

Bachem Holding AG (a)

    1,972        110,267   

Bank Coop AG

    3,124        154,644   

Banque Cantonale de Geneve

    435        111,697   

Banque Privee Edmond de Rothschild S.A.

    3        53,847   

Basilea Pharmaceutica (a)

    2,000        228,661   

Basler Kantonalbank

    130        11,329   

Belimo Holding AG

    239        662,462   

Bell AG

    74        202,919   

Bellevue Group AG

    2,584        40,110   

Berner Kantonalbank AG (c)

    2,359        573,652   

BKW AG

    6,162        218,264   

Bobst Group AG (a)

    6,231        296,670   

Bossard Holding AG

    1,729        496,725   

Bucher Industries AG

    3,522        1,196,114   

Burckhardt Compression Holding AG (c)

    1,451        755,491   

Burkhalter Holding AG (a)

    1,340        117,298   

Carlo Gavazzi Holding AG

    191        49,486   

Cham Paper Holding AG (a)

    169        44,687   

Charles Voegele Holding AG (a)

    4,263        50,450   

Cicor Technologies (a)

    644        24,044   

Cie Financiere Tradition S.A. (c)

    863        46,396   

Clariant AG (a) (c)

    36,782        715,614   

Coltene Holding AG (a)

    1,860        114,074   

Conzzeta AG

    47        171,515   

Daetwyler Holding AG (c)

    3,203        505,812   

Dufry AG (a)

    8,930        1,537,016   

EFG International AG (a) (c)

    27,485        357,451   

Emmi AG (a)

    1,190        429,029   

Energiedienst Holding AG

    3,017        108,602   

Flughafen Zuerich AG (c)

    2,209        1,420,343   

Forbo Holding AG (a)

    1,023        1,075,051   

Galenica AG (c)

    2,405        2,329,361   

GAM Holding AG (a)

    115,271        2,082,893   

Gategroup Holding AG (a)

    14,867        437,689   

 

MSF-94


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

   

Georg Fischer AG (a)

    2,362      $ 1,833,843   

Gurit Holding AG (a)

    292        165,322   

Helvetia Holding AG

    3,360        1,722,237   

Highlight Communications AG (a)

    13,077        67,228   

Huber & Suhner AG

    6,932        375,936   

Implenia AG (a)

    8,148        609,121   

Inficon Holding AG (a) (c)

    996        369,132   

Interroll Holding AG (a)

    265        170,930   

Intershop Holdings AG

    753        293,882   

Jungfraubahn Holding AG

    85        6,673   

Kaba Holding AG - Class B (a)

    1,471        703,103   

Kardex AG (a)

    3,370        167,280   

Komax Holding AG (a)

    2,284        348,585   

Kudelski S.A.

    28,311        410,365   

Kuoni Reisen Holding AG (a)

    2,197        987,477   

LEM Holding S.A.

    349        277,511   

Liechtensteinische Landesbank AG

    2,973        143,707   

LifeWatch AG (a)

    4,907        52,176   

Logitech International S.A. (c)

    84,871        1,268,364   

Lonza Group AG (a)

    12,179        1,245,869   

Luzerner Kantonalbank AG

    1,836        751,317   

MCH Group AG

    1,044        70,882   

Metall Zug AG

    79        235,156   

Meyer Burger Technology AG (a)

    51,039        834,226   

Micronas Semiconductor Holding AG (a) (c)

    16,260        128,862   

Mikron Holding AG (a)

    474        3,486   

Mobilezone Holding AG

    17,624        195,163   

Mobimo Holding AG (a)

    3,387        718,325   

Nobel Biocare Holding AG (a) (c)

    57,298        825,175   

OC Oerlikon Corp. AG (a)

    101,100        1,706,176   

Orascom Development Holding AG (a)

    2,069        33,153   

Orell Fuessli Holding AG (a)

    428        46,905   

Orior AG (a)

    3,084        193,321   

Panalpina Welttransport Holding AG

    4,140        636,385   

Phoenix Mecano AG

    384        242,301   

PSP Swiss Property AG (a)

    2,635        247,831   

PubliGroupe AG

    910        107,939   

Rieter Holding AG (a) (c)

    1,987        442,880   

Romande Energie Holding S.A.

    125        157,097   

Schaffner Holding AG (a)

    238        70,501   

Schmolz & Bickenbach AG (a) (c)

    291,720        406,903   

Schweiter Technologies AG

    567        418,853   

Schweizerische National-Versicherungs-Gesellschaft AG

    8,748        597,967   

Siegfried Holding AG (a)

    1,948        368,073   

St. Galler Kantonalbank AG

    1,433        595,627   

Straumann Holding AG

    153        32,610   

Swiss Life Holding AG (a)

    2,716        667,526   

Swisslog Holding AG (a)

    139,223        162,287   

Swissquote Group Holding S.A.

    5,895        243,615   

Tamedia AG

    904        116,070   

Tecan Group AG (c)

    3,723        447,076   

Temenos Group AG

    24,817        873,717   

Tornos Holding AG (a)

    3,719        24,756   

U-Blox AG (a)

    3,324        457,253   

Valiant Holding (c)

    7,115        716,062   

Valora Holding AG (c)

    1,951        547,890   

Switzerland—(Continued)

   

Vaudoise Assurances Holding S.A.

    618      282,781   

Verwaltungs- und Privat-Bank AG

    2,526        260,369   

Vetropack Holding AG (c)

    131        242,383   

Von Roll Holding AG (a)

    27,242        52,433   

Vontobel Holding AG (c)

    13,645        539,762   

Walliser Kantonalbank

    137        114,682   

Walter Meier AG (a)

    1,540        89,795   

WM Technologie AG (a)

    1,540        36,582   

Ypsomed Holding AG (a) (c)

    2,012        177,486   

Zehnder Group AG

    6,564        288,295   

Zueblin Immobilien Holding AG (a)

    20,587        45,631   

Zug Estates Holding AG (a)

    73        98,295   

Zuger Kantonalbank AG

    70        378,608   
   

 

 

 
      47,310,004   
   

 

 

 

United Arab Emirates—0.0%

  

Lamprell plc (a)

    113,934        263,993   
   

 

 

 

United Kingdom—21.4%

  

4imprint Group plc

    6,953        79,380   

888 Holdings plc

    66,302        166,774   

A.G.BARR plc

    49,005        498,329   

Acal plc

    9,528        50,198   

Afren plc (a)

    557,996        1,315,238   

African Barrick Gold plc

    30,782        135,123   

Aga Rangemaster Group plc (a)

    25,439        71,933   

Air Partner plc

    992        8,537   

Alent plc

    145,875        771,836   

AMEC plc

    49,672        930,005   

Amlin plc

    302,061        2,440,596   

Anglo Pacific Group plc

    29,836        89,505   

Anglo-Eastern Plantations

    4,252        48,974   

Anite plc

    150,636        199,018   

Ashmore Group plc (c)

    158,060        877,325   

Ashtead Group plc

    288,080        4,580,962   

Atrium European Real Estate, Ltd. (a)

    114,274        644,601   

Avon Rubber plc

    13,389        138,295   

AZ Electronic Materials S.A.

    60,863        408,559   

Balfour Beatty plc

    331,723        1,658,647   

Bank of Georgia Holdings plc

    3,494        145,583   

Barratt Developments plc

    211,324        1,454,896   

BBA Aviation plc

    288,870        1,597,389   

Beazley plc

    386,682        1,703,662   

Bellway plc

    82,065        2,272,102   

Berendsen plc

    106,561        1,987,986   

Berkeley Group Holdings plc

    70,062        3,061,954   

Betfair Group plc

    16,616        306,297   

Bioquell plc

    5,000        10,670   

Bloomsbury Publishing plc

    30,485        88,989   

Bodycote plc

    122,371        1,650,266   

Booker Group plc

    568,154        1,566,218   

BOOT HENRY plc

    1,476        5,171   

Bovis Homes Group plc

    92,138        1,376,089   

Braemar Shipping Services plc

    6,245        55,216   

Brammer plc

    44,820        366,016   

Brewin Dolphin Holdings plc

    143,539        808,723   

 

MSF-95


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

   

British Polythene Industries plc

    12,178      $ 128,921   

Britvic plc

    142,790        1,767,710   

BTG plc (a)

    150,041        1,359,393   

Bwin.Party Digital Entertainment plc (c)

    374,077        792,090   

Cable & Wireless Communications plc

    732,967        642,391   

Cairn Energy plc (a)

    351,764        979,671   

Camellia plc

    24        3,728   

Cape plc

    61,478        320,593   

Capital & Counties Properties plc

    107,134        625,809   

Capital & Regional plc

    97,482        76,401   

Carclo plc

    16,990        50,098   

Carillion plc (c)

    238,276        1,440,201   

Carr’s Milling Industries plc

    1,554        36,554   

Castings plc

    1,484        10,766   

Catlin Group, Ltd.

    266,277        2,391,381   

Centamin plc (a)

    253,862        214,590   

Centaur Media plc

    92,526        104,489   

Charles Stanley Group plc

    989        7,972   

Charles Taylor plc

    428        1,856   

Chemring Group plc

    102,201        443,716   

Chesnara plc

    55,231        282,916   

Chime Communications plc

    23,457        133,786   

Cineworld Group plc

    85,097        441,146   

Clarkson plc

    6,362        260,104   

Close Brothers Group plc

    98,159        2,313,731   

Cobham plc

    661,214        3,301,157   

Colt Group S.A. (a)

    208,005        512,718   

Communisis plc

    74,463        82,629   

Computacenter plc

    49,003        537,826   

Consort Medical plc

    18,608        290,459   

Costain Group plc (c)

    21,151        102,488   

Cranswick plc

    30,441        620,382   

Creston plc

    5,272        9,011   

CSR plc

    122,475        1,478,783   

Daily Mail & General Trust plc (c)

    156,527        2,267,311   

Dairy Crest Group plc (c)

    85,916        693,166   

Darty plc

    135,252        264,878   

De La Rue plc

    36,783        500,229   

Debenhams plc

    788,181        1,051,691   

Dechra Pharmaceuticals plc

    41,847        466,330   

Development Securities plc

    64,608        252,637   

Devro plc

    101,974        401,158   

Dignity plc

    31,299        766,065   

Diploma plc

    67,126        802,768   

Dixons Retail plc (a)

    2,176,730        1,787,596   

Domino Printing Sciences plc

    70,471        926,857   

Domino’s Pizza Group plc

    62,875        578,567   

Drax Group plc

    193,155        2,470,997   

DS Smith plc

    529,602        2,873,212   

Dunelm Group plc

    11,505        181,506   

E2V Technologies plc

    61,165        159,143   

easyJet plc

    93,444        2,674,721   

Electrocomponents plc

    261,440        1,236,588   

Elementis plc

    255,861        1,224,174   

EnQuest plc (a) (c)

    429,925        889,007   

Enterprise Inns plc (a)

    348,057        849,903   

Essar Energy plc (a) (c)

    157,334        177,812   

United Kingdom—(Continued)

   

Essentra plc

    129,023      1,876,243   

Euromoney Institutional Investor plc

    20,461        409,057   

Exillon Energy plc (a) (c)

    19,973        41,709   

F&C Asset Management plc

    295,113        599,736   

Fenner plc

    118,143        786,197   

Ferrexpo plc

    107,348        277,330   

Fidessa Group plc

    20,495        866,648   

Findel plc (a)

    17,439        93,190   

Firstgroup plc (a)

    771,434        1,879,000   

Fortune Oil plc

    575,627        117,595   

Fuller Smith & Turner

    7,667        117,520   

Galliford Try plc

    41,886        930,424   

Gem Diamonds, Ltd. (a)

    61,908        178,549   

Genus plc

    36,981        612,392   

Go-Ahead Group plc

    22,995        715,375   

Greene King plc

    120,037        1,806,522   

Greggs plc

    54,722        461,692   

Halfords Group plc

    119,495        921,177   

Halma plc

    198,998        1,912,506   

Hansard Global plc

    6,197        10,281   

Hardy Oil & Gas plc (a)

    14,946        15,936   

Hays plc

    644,027        1,560,538   

Headlam Group plc

    56,842        454,648   

Helical Bar plc

    65,404        407,448   

Henderson Group plc

    548,846        2,414,814   

Heritage Oil plc (a)

    105,352        417,941   

Hikma Pharmaceuticals plc (c)

    82,141        2,279,164   

Hill & Smith Holdings plc

    48,903        443,294   

Hilton Food Group plc

    1,888        15,889   

Hiscox, Ltd. (a)

    183,522        2,086,377   

Hochschild Mining plc

    69,571        196,244   

Hogg Robinson Group plc

    81,837        106,520   

Home Retail Group plc

    448,340        1,623,115   

Homeserve plc

    170,640        897,953   

Hornby plc (a)

    1,884        2,558   

Howden Joinery Group plc

    345,962        2,145,817   

Hunting plc (c)

    69,198        995,466   

Huntsworth plc

    31,310        35,392   

Hyder Consulting plc

    16,799        119,070   

ICAP plc

    151,421        954,581   

IG Group Holdings plc

    136,967        1,433,898   

Imagination Technologies Group plc (a) (c)

    17,170        58,118   

Inchcape plc

    245,182        2,646,676   

Informa plc

    293,165        2,592,090   

Inmarsat plc

    194,647        2,359,279   

Innovation Group plc (a)

    575,262        333,438   

Intermediate Capital Group plc

    56,516        390,430   

International Personal Finance plc

    167,310        1,428,543   

Interserve plc

    82,100        999,931   

IP Group plc (a)

    139,902        484,545   

ITE Group plc

    128,734        410,281   

James Fisher & Sons plc

    20,889        509,791   

Jardine Lloyd Thompson Group plc

    80,781        1,434,467   

JD Sports Fashion plc

    9,241        246,469   

JD Wetherspoon plc

    61,195        873,639   

JKX Oil & Gas plc (a)

    48,421        49,701   

John Menzies plc

    19,888        217,365   

 

MSF-96


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

   

John Wood Group plc

    167,033      $ 2,137,708   

Johnston Press plc (a)

    221,296        81,116   

Jupiter Fund Management plc

    141,577        947,618   

Kcom Group plc

    394,746        652,703   

Keller Group plc

    36,149        648,023   

Kier Group plc

    16,359        452,529   

Ladbrokes plc

    533,684        1,202,814   

Laird plc

    156,521        783,336   

Lancashire Holdings, Ltd.

    82,826        945,183   

Latchways plc

    918        15,792   

Laura Ashley Holdings plc

    25,157        10,382   

Lavendon Group plc

    44,306        177,623   

Lonmin plc (a)

    229,666        1,097,091   

Lookers plc

    122,220        305,292   

Low & Bonar plc

    37,972        53,709   

LSL Property Services plc

    4,671        33,880   

Man Group plc

    757,211        1,279,255   

Management Consulting Group plc

    9,097        3,333   

Marshalls plc

    73,011        215,475   

Marston’s plc

    388,928        933,506   

McBride plc (a)

    112,043        197,920   

Mears Group plc

    51,685        451,337   

Mecom Group plc

    42,085        85,627   

Meggitt plc

    678        5,435   

Melrose Industries plc

    54,219        268,689   

Michael Page International plc

    126,237        1,034,457   

Micro Focus International plc

    74,994        1,038,190   

Millennium & Copthorne Hotels plc

    89,395        842,818   

Mitchells & Butlers plc (a)

    113,439        862,963   

Mitie Group plc (c)

    176,827        961,524   

MJ Gleeson Group plc

    1,023        6,911   

Mondi plc

    34,928        611,783   

Moneysupermarket.com Group plc

    121,798        380,420   

Morgan Advanced Materials plc

    182,381        1,089,853   

Morgan Sindall Group plc

    15,921        202,248   

Mothercare plc (a)

    41,074        128,729   

N Brown Group plc

    92,789        884,866   

National Express Group plc

    318,383        1,487,663   

NCC Group plc

    73,096        228,587   

New World Resources plc - A Shares (a) (c)

    11,898        6,767   

Northgate plc

    71,837        623,192   

Novae Group plc

    24,669        238,544   

Ocado Group plc (a)

    159,420        1,225,972   

Optos plc (a)

    26,295        75,811   

Oxford Biomedica plc (a) (c)

    67,707        2,793   

Oxford Instruments plc

    17,521        370,597   

Pace plc

    170,988        1,284,071   

PayPoint plc

    30,239        577,157   

Pendragon plc

    294,775        148,838   

Pennon Group plc

    183,169        2,270,138   

Persimmon plc (a)

    61,119        1,371,945   

Petra Diamonds, Ltd. (a)

    147,321        366,222   

Petropavlovsk plc (c)

    85,219        109,968   

Phoenix Group Holdings

    44,630        490,984   

Phoenix IT Group, Ltd.

    21,830        44,738   

Photo-Me International plc

    27,274        61,729   

Premier Farnell plc

    206,598        807,069   

United Kingdom—(Continued)

   

Premier Foods plc (a) (c)

    126,593      140,829   

Premier Oil plc

    272,250        1,340,301   

Punch Taverns plc (a)

    322,649        64,667   

PV Crystalox Solar plc (a) (c)

    36,217        14,641   

PZ Cussons plc

    133,219        782,589   

QinetiQ Group plc

    338,186        1,276,621   

Quintain Estates & Development plc (a)

    278,012        477,555   

Rank Group plc

    27,081        71,350   

Rathbone Brothers plc

    24,973        755,062   

Raven Russia, Ltd. (a)

    76,886        89,789   

REA Holdings plc

    1,120        8,586   

Redrow plc

    183,456        995,757   

Regus plc

    350,864        1,290,900   

Renishaw plc

    21,312        692,765   

Renold plc (a)

    64,766        60,243   

Renovo Group plc (a)

    13,825        4,089   

Rentokil Initial plc

    493,754        1,012,263   

Restaurant Group plc (The)

    119,275        1,419,822   

Ricardo plc

    10,889        118,022   

Rightmove plc

    42,268        1,861,106   

RM plc

    43,283        107,313   

Robert Walters plc

    16,972        89,153   

Rotork plc

    43,384        1,920,002   

RPC Group plc

    92,930        978,187   

RPS Group plc

    139,248        726,283   

Salamander Energy plc (a)

    143,094        242,425   

Savills plc

    84,393        938,465   

SDL plc

    52,526        299,143   

Senior plc

    227,772        1,167,384   

Sepura plc

    11,245        26,148   

Serco Group plc

    45,096        316,479   

Severfield-Rowen plc (a)

    125,960        118,727   

Shanks Group plc

    246,393        456,671   

SIG plc

    351,400        1,180,482   

Smiths News plc

    105,529        267,071   

Soco International plc (a)

    119,335        788,510   

Spectris plc

    75,025        2,906,413   

Speedy Hire plc

    231,047        229,697   

Spirax-Sarco Engineering plc

    41,098        1,985,278   

Spirent Communications plc

    344,790        569,355   

Spirit Pub Co. plc

    327,364        443,420   

Sportech plc (a)

    20,264        29,720   

Sports Direct International plc (a)

    25,063        356,266   

St. Ives plc

    36,663        121,266   

St. James’s Place plc

    20,973        288,841   

St. Modwen Properties plc

    110,240        735,320   

Stagecoach Group plc

    233,416        1,537,889   

Sthree plc

    46,658        311,892   

Stobart Group, Ltd.

    4,079        8,975   

SuperGroup plc (a)

    17,932        510,136   

Synergy Health plc

    30,931        712,321   

Synthomer plc

    163,534        772,605   

TalkTalk Telecom Group plc

    188,301        1,006,320   

Taylor Wimpey plc

    196,148        385,378   

Ted Baker plc

    6,525        233,706   

Telecity Group plc

    22,852        265,871   

Telecom Plus plc

    21,749        649,545   

 

MSF-97


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

   

Thomas Cook Group plc (a)

    821,921      $ 2,476,884   

Thorntons plc (a)

    25,294        62,676   

Tipp24 SE (a)

    3,214        250,911   

Topps Tiles plc

    106,295        244,330   

Torotrak plc (a)

    15,625        5,341   

Travis Perkins plc

    21,814        687,659   

Tribal Group plc

    25,502        85,095   

Trifast plc

    6,100        8,792   

Trinity Mirror plc (a)

    174,518        562,121   

TT electronics plc

    99,086        353,704   

TUI Travel plc

    120,301        879,164   

Tullett Prebon plc

    133,791        629,340   

UBM plc

    29,120        331,661   

UK Mail Group plc

    1,868        20,251   

Ultra Electronics Holdings plc

    18,981        567,052   

Unite Group plc

    140,201        1,015,458   

UTV Media plc

    54,341        214,157   

Vectura Group plc (a)

    199,135        508,762   

Vesuvius plc

    153,649        1,116,447   

Victrex plc

    43,917        1,473,418   

Vislink plc

    37,188        30,535   

Vitec Group plc (The)

    11,459        116,762   

Volex plc (c)

    14,989        27,168   

Vp plc

    1,199        12,692   

WH Smith plc

    85,603        1,720,922   

Wincanton plc (a)

    58,903        109,942   

Wolfson Microelectronics plc (a)

    84,440        188,767   

WS Atkins plc

    76,087        1,767,052   

Xaar plc

    21,952        343,605   

Xchanging plc

    144,207        398,923   

XP Power, Ltd. (c)

    3,554        97,722   
   

 

 

 
      212,377,263   
   

 

 

 

United States—0.0%

  

Kofax, Ltd. (a)

    33,315        275,185   
   

 

 

 

Total Common Stocks
(Cost $700,309,449)

      986,725,793   
   

 

 

 
Rights—0.1%   

Australia—0.0%

   

Flinders Mines, Ltd., Expires 04/04/14 (a)

    86,625        241   

Service Stream, Ltd., Expires 04/22/14 (a)

    10,353        480   

Western Desert Resources, Ltd., Expires 04/07/14 (a)

    15,469        14   
   

 

 

 
      735   
   

 

 

 

Austria—0.0%

  

Intercell AG (a) (b)

    24,163        0   
   

 

 

 

Hong Kong—0.0%

  

Ming Fung Jewellery Group, Ltd., Expires 04/02/14 (a)

    720,000      2,135   
   

 

 

 

Italy—0.1%

   

Banco Popolare SC, Expires 04/17/14 (a)

    83,983        715,021   
   

 

 

 

Portugal—0.0%

   

Mota-Engil SGPS S.A., Expires 12/31/49 (a)

    40,942        34,376   
   

 

 

 

Singapore—0.0%

   

Falcon Energy Group, Ltd., Expires 06/16/18 (a)

    15,100        360   
   

 

 

 

United Kingdom—0.0%

   

Premier Foods plc, Expires 04/07/14 (a)

    202,548        54,029   
   

 

 

 

Total Rights
(Cost $467,697)

      806,656   
   

 

 

 
Preferred Stock—0.0%   

France—0.0%

   

Valneva SE (a)
(Cost $8,927)

    7,852        6,187   
   

 

 

 
Warrant—0.0%                

Italy—0.0%

   

Seat Pagine Gialle, Expires 08/31/14 (a) (c)
(Cost $0)

    402,113        0   
   

 

 

 
Short-Term Investments—16.8%                

Mutual Fund—16.5%

   

State Street Navigator Securities Lending MET Portfolio (d)

    164,206,598        164,206,598   
   

 

 

 

Repurchase Agreement—0.3%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $2,473,000 on 04/01/14, collateralized by $2,530,000 Federal National Mortgage Association at 0.625% due 08/26/16 with a value of $2,526,838.

    2,473,000        2,473,000   
   

 

 

 

Total Short-Term Investments
(Cost $166,679,598)

      166,679,598   
   

 

 

 

Total Investments—116.1%
(Cost $867,465,671) (e)

      1,154,218,234   

Other assets and liabilities (net)—(16.1)%

      (159,868,842
   

 

 

 
Net Assets—100.0%     $ 994,349,392   
   

 

 

 

 

MSF-98


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent less than 0.05% of net assets.
(c) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $158,093,464 and the collateral received consisted of cash in the amount of $164,206,598 and non-cash collateral with a value of $2,722,916. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of March 31, 2014, the aggregate cost of investments was $867,465,671. The aggregate unrealized appreciation and depreciation of investments were $362,021,922 and $(75,269,359), respectively, resulting in net unrealized appreciation of $286,752,563.

 

Ten Largest Industries as of
March 31, 2014

  

% of
Net Assets

 

Machinery

     6.0   

Banks

     4.5   

Construction & Engineering

     4.0   

Hotels, Restaurants & Leisure

     3.8   

Metals & Mining

     3.8   

Oil, Gas & Consumable Fuels

     3.5   

Specialty Retail

     3.3   

Media

     3.3   

Real Estate Management & Development

     3.3   

Food Products

     3.0   

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Australia

   $ 27,439       $ 49,603,753       $ 35,537       $ 49,662,729   

Austria

     3,403         9,422,260         0         9,425,663   

Belgium

     —           13,559,690         —           13,559,690   

Cambodia

     —           162,579         —           162,579   

Canada

     84,984,771         21,389         940         85,007,100   

Denmark

     —           21,093,750         —           21,093,750   

Finland

     517,111         25,118,290         —           25,635,401   

France

     —           50,120,525         0         50,120,525   

Germany

     —           52,934,899         —           52,934,899   

Greece

     —           318,538         0         318,538   

Hong Kong

     453,513         26,150,984         268,442         26,872,939   

Ireland

     560,598         12,917,654         —           13,478,252   

Israel

     —           9,829,339         —           9,829,339   

Italy

     —           34,224,084         0         34,224,084   

Japan

     374,473         206,720,196         —           207,094,669   

Netherlands

     —           21,384,602         0         21,384,602   

New Zealand

     14,425         9,371,492         0         9,385,917   

Norway

     —           11,039,429         —           11,039,429   

Portugal

     —           7,852,969         —           7,852,969   

 

MSF-99


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Singapore

   $ 81,102       $ 15,265,610      $ —         $ 15,346,712   

Spain

     —           25,241,174        0         25,241,174   

Sweden

     —           36,828,388        —           36,828,388   

Switzerland

     36,582         47,273,422        —           47,310,004   

United Arab Emirates

     —           263,993        —           263,993   

United Kingdom

     —           212,377,263        —           212,377,263   

United States

     —           275,185        —           275,185   

Total Common Stocks

     87,053,417         899,367,457        304,919         986,725,793   
Rights           

Australia

     735         —          —           735   

Austria

     —           —          0         0   

Hong Kong

     2,135         —          —           2,135   

Italy

     715,021         —          —           715,021   

Portugal

     34,376         —          —           34,376   

Singapore

     360         —          —           360   

United Kingdom

     54,029         —          —           54,029   

Total Rights

     806,656         —          0         806,656   

Total Preferred Stock*

     —           6,187        —           6,187   

Total Warrant*

     0         —          —           0   
Short-Term Investments           

Mutual Fund

     164,206,598         —          —           164,206,598   

Repurchase Agreement

     —           2,473,000        —           2,473,000   

Total Short-Term Investments

     164,206,598         2,473,000        —           166,679,598   

Total Investments

   $ 252,066,671       $ 901,846,644      $ 304,919       $ 1,154,218,234   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (164,206,598   $ —         $ (164,206,598

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 2 to Level 1 in the amount of $788,020 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 1 to Level 2 in the amount of $2,912,626 were due to the application of a systematic fair valuation model factor.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in
Securities

  Balance as of
December 31,
2013
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Sales     Transfers
in to
Level 3
    Transfers
out of
Level 3
    Balance as of
March 31,
2014
    Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
still held at
March 31,
2014
 
Common Stocks                  

Australia

  $ 24,817      $ (13,877   $ (59,815   $      $ (2,817   $ 87,229      $      $ 35,537      $ (71,618

Austria

    0                                                  0        0   

Belgium

    137,117                                           (137,117              

Canada

                  (4,254                   5,194               940        (4,254

France

    0        (56,659     65,015               (8,356                   0        0   

Greece

    0               (171,776                   171,776               0        0   

Hong Kong

    51,560        (18,983     (2,150     2,634        (42,426     311,253        (33,446     268,442        (63,559

Italy

    0                                                  0        0   

Japan

    107,568               (16,452            (91,116                            

Netherlands

    0                                                  0        0   

New Zealand

    0                                                  0        0   

Spain

    0                                                  0        0   
Rights                  

Austria

                                                     0        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 321,062      $ (89,519   $ (189,432   $ 2,634      $ (144,715   $ 575,452      $ (170,563   $ 304,919      $ (139,431
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common stocks in the amount of $575,452 were transferred into Level 3 due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

Common stocks in the amount of $170,563 were transferred out of Level 3 due to the resumption of trading activity which resulted in the availability of significant observable inputs.

 

MSF-100


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio (formerly MetLife Conservative Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio (Class A) (a)

    657,987      $ 6,954,922   

BlackRock Bond Income Portfolio
(Class A) (a)

    785,011        86,312,000   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    180,497        6,676,567   

BlackRock High Yield Portfolio
(Class A) (b)

    529,929        4,843,551   

BlackRock Large Cap Value Portfolio
(Class A) (a)

    562,696        6,954,922   

Clarion Global Real Estate Portfolio (Class A) (b)

    605,302        6,954,922   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    188,227        3,469,031   

Harris Oakmark International Portfolio (Class A) (b)

    360,359        6,954,922   

Invesco Comstock Portfolio (Class A) (b)

    934,497        13,895,972   

Jennison Growth Portfolio (Class A) (a)

    506,469        7,961,700   

JPMorgan Core Bond Portfolio
(Class A) (b)

    5,668,459        58,611,866   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    170,939        3,437,592   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    345,888        4,838,975   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    12,691        3,474,071   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    1,289,158        13,793,996   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    4,092,363        41,455,635   

Met/Templeton International Bond Portfolio (Class A) (b)

    1,179,800        13,909,845   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    170,631        1,738,731   

MFS Research International Portfolio (Class A) (b)

    436,501        5,216,192   

MFS Value Portfolio (Class A) (a)

    773,629        13,909,845   

Neuberger Berman Genesis Portfolio (Class A) (a)

    386,123        6,911,609   

Affiliated Investment Companies—(Continued)

  

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    6,776,157      68,845,753   

PIMCO Total Return Portfolio
(Class A) (b)

    10,898,175        130,996,062   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    331,039        8,021,067   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    483,881        15,992,257   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    489,821        10,389,098   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    1,296,312        17,992,816   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    8,540,694        103,513,209   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    369,345        15,996,321   
   

 

 

 

Total Mutual Funds
(Cost $654,661,777)

      690,023,449   
   

 

 

 

Total Investments—100.0%
(Cost $654,661,777) (c)

      690,023,449   

Other assets and liabilities (net)—0.0%

      (250,349
   

 

 

 
Net Assets—100.0%     $ 689,773,100   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) As of March 31, 2014, the aggregate cost of investments was $654,661,777. The aggregate unrealized appreciation and depreciation of investments were $43,864,044 and $(8,502,372), respectively, resulting in net unrealized appreciation of $35,361,672.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 690,023,449       $ —         $ —         $ 690,023,449   

Total Investments

   $ 690,023,449       $ —         $ —         $ 690,023,449   
                                     

 

MSF-101


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio (formerly MetLife Conservative to Moderate Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio (Class A) (a)

    3,401,521      $ 35,954,078   

BlackRock Bond Income Portfolio (Class A) (a)

    1,535,589        168,837,970   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    926,282        34,263,161   

BlackRock High Yield Portfolio
(Class A) (b)

    1,367,018        12,494,543   

BlackRock Large Cap Value Portfolio (Class A) (a)

    2,912,739        36,001,451   

Clarion Global Real Estate Portfolio (Class A) (b)

    1,560,423        17,929,256   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    1,222,711        17,594,818   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    972,450        17,922,247   

Harris Oakmark International Portfolio (Class A) (b)

    2,327,223        44,915,400   

Invesco Comstock Portfolio
(Class A) (b)

    3,621,038        53,844,837   

Invesco Small Cap Growth Portfolio (Class A) (b)

    1,657,668        34,976,792   

Jennison Growth Portfolio (Class A) (a)

    1,625,570        25,553,958   

JPMorgan Core Bond Portfolio
(Class A) (b)

    11,071,484        114,479,149   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    440,714        8,862,757   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    891,591        12,473,361   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    65,648        17,970,548   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    3,314,525        35,465,413   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    7,009,342        71,004,634   

Met/Templeton International Bond Portfolio (Class A) (b)

    4,556,593        53,722,227   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    1,763,974        17,974,890   

MFS Research International Portfolio (Class A) (b)

    2,257,338        26,975,183   

MFS Value Portfolio (Class A) (a)

    4,502,123        80,948,166   

Neuberger Berman Genesis Portfolio (Class A) (a)

    994,049        17,793,485   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    12,085,608        122,789,773   

PIMCO Total Return Portfolio
(Class A) (b)

    22,038,200        264,899,170   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    1,769,566        42,876,573   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    2,446,856        80,868,589   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    1,389,907        17,540,624   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    1,266,549        26,863,510   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    1,232,144        17,816,806   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    2,051,451        28,474,135   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    13,110,768        158,902,509   

Affiliated Investment Companies—(Continued)

  

WMC Core Equity Opportunities Portfolio (Class A) (a)

    1,245,400      53,938,264   
   

 

 

 

Total Mutual Funds
(Cost $1,547,189,163)

      1,772,928,277   
   

 

 

 

Total Investments—100.0%
(Cost $1,547,189,163) (c)

      1,772,928,277   

Other assets and liabilities (net)—0.0%

      (509,228
   

 

 

 
Net Assets—100.0%     $ 1,772,419,049   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) As of March 31, 2014, the aggregate cost of investments was $1,547,189,163. The aggregate unrealized appreciation and depreciation of investments were $239,485,017 and $(13,745,903), respectively, resulting in net unrealized appreciation of $225,739,114.

 

MSF-102


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio (formerly MetLife Conservative to Moderate Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 1,772,928,277       $ —         $ —         $ 1,772,928,277   

Total Investments

   $ 1,772,928,277       $ —         $ —         $ 1,772,928,277   
                                     

 

MSF-103


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio (formerly MetLife Moderate Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio (Class A) (a)

    16,721,420      $ 176,745,409   

BlackRock Bond Income Portfolio
(Class A) (a)

    3,292,212        361,978,763   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    3,831,497        141,727,073   

BlackRock High Yield Portfolio
(Class A) (b)

    3,808,070        34,805,763   

BlackRock Large Cap Value Portfolio (Class A) (a)

    19,415,110        239,970,761   

Clarion Global Real Estate Portfolio (Class A) (b)

    9,738,437        111,894,643   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    10,748,135        154,665,661   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    3,235,588        59,631,890   

Harris Oakmark International Portfolio (Class A) (b)

    9,131,753        176,242,832   

Invesco Comstock Portfolio
(Class A) (b)

    16,855,961        250,648,147   

Invesco Small Cap Growth Portfolio (Class A) (b)

    6,957,281        146,798,618   

Jennison Growth Portfolio (Class A) (a)

    13,546,240        212,946,898   

JPMorgan Core Bond Portfolio
(Class A) (b)

    23,993,131        248,088,979   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    2,938,066        59,084,503   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a) (c)

    3,452,027        58,097,620   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    2,905,736        40,651,252   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    218,159        59,718,875   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    3,398,510        59,609,857   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    10,397,131        111,249,300   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    16,399,523        166,127,172   

Met/Templeton International Bond Portfolio (Class A) (b)

    14,178,762        167,167,604   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    9,675,376        98,592,079   

MFS Research International Portfolio (Class A) (b)

    11,007,760        131,542,731   

MFS Value Portfolio (Class A) (a)

    16,558,159        297,715,696   

Neuberger Berman Genesis Portfolio (Class A) (a)

    4,933,846        88,315,836   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    16,212,500        164,718,996   

PIMCO Total Return Portfolio
(Class A) (b)

    41,262,965        495,980,841   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    8,795,911        213,124,934   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    7,588,252        250,791,715   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    4,627,461        58,398,555   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    1,218,448        28,877,211   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    7,028,840        149,081,704   

Affiliated Investment Companies—(Continued)

  

Van Eck Global Natural Resources Portfolio (Class A) (a)

    8,013,741      115,878,697   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    2,841,065        39,433,986   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    22,718,436        275,347,444   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    6,884,148        298,152,457   
   

 

 

 

Total Mutual Funds
(Cost $4,740,052,199)

      5,743,804,502   
   

 

 

 

Total Investments—100.0% (Cost $4,740,052,199) (d)

      5,743,804,502   

Other assets and liabilities (net)—0.0%

      (1,478,662
   

 

 

 
Net Assets—100.0%     $ 5,742,325,840   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of March 31, 2014, the aggregate cost of investments was $4,740,052,199. The aggregate unrealized appreciation and depreciation of investments were $1,028,825,738 and $(25,073,435), respectively, resulting in net unrealized appreciation of $1,003,752,303.

 

MSF-104


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio (formerly MetLife Moderate Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 5,743,804,502       $ —         $ —         $ 5,743,804,502   

Total Investments

   $ 5,743,804,502       $ —         $ —         $ 5,743,804,502   
                                     

 

MSF-105


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio (formerly MetLife Moderate to Aggressive Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio (Class A) (a)

    12,957,549      $ 136,961,288   

BlackRock Bond Income Portfolio
(Class A) (a)

    902,038        99,179,044   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    3,373,088        124,770,539   

BlackRock Large Cap Value Portfolio (Class A) (a)

    11,403,217        140,943,760   

Clarion Global Real Estate Portfolio
(Class A) (b)

    8,676,415        99,692,004   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    11,483,245        165,243,898   

Frontier Mid Cap Growth Portfolio
(Class A) (a)

    447,741        17,264,907   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    3,795,417        69,949,538   

Harris Oakmark International Portfolio (Class A) (b)

    7,144,361        137,886,168   

Invesco Comstock Portfolio
(Class A) (b)

    11,798,977        175,450,794   

Invesco Small Cap Growth Portfolio
(Class A) (b)

    5,715,386        120,594,638   

Jennison Growth Portfolio (Class A) (a)

    12,152,651        191,039,679   

JPMorgan Core Bond Portfolio
(Class A) (b)

    6,341,894        65,575,188   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    3,446,155        69,302,179   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a) (c)

    4,042,121        68,028,894   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    3,624,250        50,703,260   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    128,155        35,081,209   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    3,989,842        69,981,835   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    3,086,170        33,022,021   

Met/Templeton International Bond Portfolio (Class A) (b)

    8,425,000        99,330,753   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    9,877,514        100,651,867   

MFS Research International Portfolio (Class A) (b)

    8,519,786        101,811,443   

MFS Value Portfolio (Class A) (a)

    11,674,641        209,910,040   

Morgan Stanley Mid Cap Growth Portfolio (Class A) (b)

    2,016,287        33,006,623   

Neuberger Berman Genesis Portfolio (Class A) (a)

    1,914,487        34,269,317   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    6,418,721        65,214,203   

PIMCO Total Return Portfolio
(Class A) (b)

    13,606,700        163,552,529   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    6,536,777        158,386,103   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    5,310,501        175,512,061   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    2,712,711        34,234,413   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    713,754        16,915,964   

Affiliated Investment Companies—(Continued)

  

Third Avenue Small Cap Value Portfolio (Class A) (b)

    3,285,639      69,688,396   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    7,058,793        102,070,150   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    1,206,838        16,750,910   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    3,634,332        157,402,912   
   

 

 

 

Total Mutual Funds
(Cost $2,551,034,539)

      3,409,378,527   
   

 

 

 

Total Investments—100.0% (Cost $2,551,034,539) (d)

      3,409,378,527   

Other assets and liabilities (net)—0.0%

      (878,307
   

 

 

 
Net Assets—100.0%     $ 3,408,500,220   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of March 31, 2014, the aggregate cost of investments was $2,551,034,539. The aggregate unrealized appreciation and depreciation of investments were $865,086,504 and $(6,742,516), respectively, resulting in net unrealized appreciation of $858,343,988.

 

MSF-106


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio (formerly MetLife Moderate to Aggressive Allocation Portfolio)

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 3,409,378,527       $ —         $ —         $ 3,409,378,527   

Total Investments

   $ 3,409,378,527       $ —         $ —         $ 3,409,378,527   
                                     

 

MSF-107


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—96.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.7%

  

Alliant Techsystems, Inc.

    17,897      $ 2,544,059   

BE Aerospace, Inc. (a)

    55,556        4,821,705   

Esterline Technologies Corp. (a)

    17,891        1,906,107   

Exelis, Inc.

    106,575        2,025,991   

Huntington Ingalls Industries, Inc.

    27,399        2,801,822   

Triumph Group, Inc.

    29,502        1,905,239   
   

 

 

 
      16,004,923   
   

 

 

 

Air Freight & Logistics—0.1%

  

UTi Worldwide, Inc. (b)

    51,254        542,780   
   

 

 

 

Airlines—0.5%

  

Alaska Air Group, Inc.

    38,627        3,604,286   

JetBlue Airways Corp. (a) (b)

    128,012        1,112,424   
   

 

 

 
      4,716,710   
   

 

 

 

Auto Components—0.3%

  

Gentex Corp.

    81,908        2,582,559   
   

 

 

 

Automobiles—0.2%

  

Thor Industries, Inc. (b)

    25,180        1,537,491   
   

 

 

 

Banks—4.5%

  

Associated Banc-Corp.

    90,552        1,635,369   

BancorpSouth, Inc.

    47,300        1,180,608   

Bank of Hawaii Corp. (b)

    25,046        1,518,038   

Cathay General Bancorp

    41,624        1,048,509   

City National Corp.

    26,753        2,105,996   

Commerce Bancshares, Inc.

    45,869        2,129,239   

Cullen/Frost Bankers, Inc. (b)

    29,725        2,304,579   

East West Bancorp, Inc.

    80,533        2,939,455   

First Horizon National Corp.

    132,921        1,640,245   

First Niagara Financial Group, Inc.

    199,015        1,880,692   

FirstMerit Corp.

    92,815        1,933,336   

Fulton Financial Corp.

    107,623        1,353,897   

Hancock Holding Co.

    46,270        1,695,796   

International Bancshares Corp.

    32,125        805,695   

Prosperity Bancshares, Inc. (b)

    32,026        2,118,520   

Signature Bank (a)

    26,597        3,340,317   

SVB Financial Group (a)

    25,789        3,321,107   

Synovus Financial Corp.

    546,840        1,853,788   

TCF Financial Corp.

    93,052        1,550,246   

Trustmark Corp.

    37,910        961,019   

Valley National Bancorp (b)

    112,605        1,172,218   

Webster Financial Corp.

    50,819        1,578,438   

Westamerica Bancorp (b)

    14,851        803,142   
   

 

 

 
      40,870,249   
   

 

 

 

Biotechnology—0.6%

  

Cubist Pharmaceuticals, Inc. (a)

    42,063        3,076,909   

United Therapeutics Corp. (a) (b)

    26,115        2,455,593   
   

 

 

 
      5,532,502   
   

 

 

 

Building Products—0.9%

  

AO Smith Corp.

    43,104        1,983,646   

Building Products—(Continued)

  

Fortune Brands Home & Security, Inc.

    93,162      3,920,257   

Lennox International, Inc.

    25,320        2,301,841   
   

 

 

 
      8,205,744   
   

 

 

 

Capital Markets—2.4%

  

Affiliated Managers Group, Inc. (a)

    29,950        5,991,498   

Eaton Vance Corp.

    69,021        2,633,841   

Federated Investors, Inc. - Class B (b)

    53,040        1,619,842   

Greenhill & Co., Inc. (b)

    14,943        776,737   

Janus Capital Group, Inc. (b)

    84,876        922,602   

Raymond James Financial, Inc.

    69,652        3,895,636   

SEI Investments Co.

    80,062        2,690,884   

Waddell & Reed Financial, Inc. - Class A

    47,720        3,513,146   
   

 

 

 
      22,044,186   
   

 

 

 

Chemicals—2.8%

  

Albemarle Corp.

    44,706        2,969,373   

Ashland, Inc.

    40,692        4,048,040   

Cabot Corp.

    33,667        1,988,373   

Cytec Industries, Inc. (b)

    20,064        1,958,447   

Intrepid Potash, Inc. (a) (b)

    31,092        480,682   

Minerals Technologies, Inc.

    19,361        1,249,946   

NewMarket Corp. (b)

    6,289        2,457,616   

Olin Corp. (b)

    44,699        1,234,139   

RPM International, Inc.

    74,892        3,133,481   

Scotts Miracle-Gro Co. (The) - Class A

    24,778        1,518,396   

Sensient Technologies Corp.

    28,227        1,592,285   

Valspar Corp. (The)

    44,250        3,191,310   
   

 

 

 
      25,822,088   
   

 

 

 

Commercial Services & Supplies—1.7%

  

Brink’s Co. (The)

    27,143        774,933   

Clean Harbors, Inc. (a) (b)

    31,074        1,702,544   

Copart, Inc. (a)

    62,996        2,292,424   

Deluxe Corp. (b)

    28,356        1,487,839   

Herman Miller, Inc.

    33,212        1,067,102   

HNI Corp. (b)

    25,296        924,822   

MSA Safety, Inc.

    17,788        1,013,916   

Rollins, Inc.

    36,148        1,093,116   

RR Donnelley & Sons Co.

    111,228        1,990,981   

Waste Connections, Inc.

    69,507        3,048,577   
   

 

 

 
      15,396,254   
   

 

 

 

Communications Equipment—0.9%

  

ADTRAN, Inc. (b)

    31,853        777,532   

Ciena Corp. (a)

    59,062        1,343,070   

InterDigital, Inc. (b)

    22,748        753,186   

JDS Uniphase Corp. (a)

    131,307        1,838,298   

Plantronics, Inc. (b)

    24,180        1,074,801   

Polycom, Inc. (a)

    76,977        1,056,124   

Riverbed Technology, Inc. (a)

    89,970        1,773,309   
   

 

 

 
      8,616,320   
   

 

 

 

Construction & Engineering—0.7%

  

AECOM Technology Corp. (a)

    55,707        1,792,094   

 

MSF-108


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Construction & Engineering—(Continued)

  

Granite Construction, Inc. (b)

    20,354      $ 812,735   

KBR, Inc.

    83,313        2,222,791   

URS Corp. (b)

    40,566        1,909,036   
   

 

 

 
      6,736,656   
   

 

 

 

Construction Materials—0.6%

  

Eagle Materials, Inc.

    28,103        2,491,612   

Martin Marietta Materials, Inc. (b)

    25,958        3,331,709   
   

 

 

 
      5,823,321   
   

 

 

 

Containers & Packaging—1.6%

  

Aptargroup, Inc.

    36,851        2,435,851   

Greif, Inc. - Class A

    17,153        900,361   

Packaging Corp. of America

    55,227        3,886,324   

Rock-Tenn Co. - Class A

    40,319        4,256,477   

Silgan Holdings, Inc.

    24,606        1,218,489   

Sonoco Products Co.

    57,516        2,359,306   
   

 

 

 
      15,056,808   
   

 

 

 

Distributors—0.5%

  

LKQ Corp. (a)

    169,484        4,465,903   
   

 

 

 

Diversified Consumer Services—0.9%

  

Apollo Education Group, Inc. (a)

    55,765        1,909,394   

DeVry Education Group, Inc.

    32,062        1,359,108   

Matthews International Corp. - Class A (b)

    15,367        627,127   

Service Corp. International

    119,434        2,374,348   

Sotheby’s (b)

    38,888        1,693,572   
   

 

 

 
      7,963,549   
   

 

 

 

Diversified Financial Services—0.6%

  

CBOE Holdings, Inc.

    48,635        2,752,741   

MSCI, Inc. (a)

    65,575        2,821,037   
   

 

 

 
      5,573,778   
   

 

 

 

Diversified Telecommunication Services—0.3%

  

tw telecom, Inc. (a)

    79,083        2,472,135   
   

 

 

 

Electric Utilities—1.6%

  

Cleco Corp.

    34,008        1,720,125   

Great Plains Energy, Inc. (b)

    86,527        2,339,690   

Hawaiian Electric Industries, Inc. (b)

    57,031        1,449,728   

IDACORP, Inc. (b)

    28,241        1,566,528   

OGE Energy Corp.

    111,695        4,105,908   

PNM Resources, Inc.

    44,793        1,210,755   

Westar Energy, Inc. (b)

    72,426        2,546,498   
   

 

 

 
      14,939,232   
   

 

 

 

Electrical Equipment—1.0%

  

Acuity Brands, Inc. (b)

    24,215        3,210,183   

General Cable Corp. (b)

    27,689        709,115   

Hubbell, Inc. - Class B

    30,310        3,633,260   

Regal-Beloit Corp.

    25,355        1,843,562   
   

 

 

 
      9,396,120   
   

 

 

 

Electronic Equipment, Instruments & Components—2.6%

  

Arrow Electronics, Inc. (a)

    56,214      3,336,863   

Avnet, Inc.

    77,787        3,619,429   

Ingram Micro, Inc. - Class A (a)

    86,916        2,569,237   

Itron, Inc. (a) (b)

    22,022        782,662   

Knowles Corp. (a)

    47,805        1,509,204   

National Instruments Corp.

    55,282        1,586,040   

Tech Data Corp. (a)

    21,404        1,304,788   

Trimble Navigation, Ltd. (a)

    146,124        5,679,840   

Vishay Intertechnology, Inc. (b)

    76,285        1,135,121   

Zebra Technologies Corp. - Class A (a)

    28,325        1,966,038   
   

 

 

 
      23,489,222   
   

 

 

 

Energy Equipment & Services—2.7%

  

Atwood Oceanics, Inc. (a)

    32,497        1,637,524   

CARBO Ceramics, Inc.

    11,173        1,541,762   

Dresser-Rand Group, Inc. (a)

    42,902        2,505,906   

Dril-Quip, Inc. (a)

    22,875        2,564,288   

Helix Energy Solutions Group, Inc. (a)

    55,297        1,270,725   

Oceaneering International, Inc.

    60,845        4,372,322   

Oil States International, Inc. (a)

    29,997        2,957,704   

Patterson-UTI Energy, Inc.

    81,108        2,569,501   

Superior Energy Services, Inc.

    89,196        2,743,669   

Tidewater, Inc.

    27,823        1,352,754   

Unit Corp. (a)

    24,641        1,611,029   
   

 

 

 
      25,127,184   
   

 

 

 

Food & Staples Retailing—0.3%

  

SUPERVALU, Inc. (a) (b)

    110,983        759,124   

United Natural Foods, Inc. (a)

    27,898        1,978,526   
   

 

 

 
      2,737,650   
   

 

 

 

Food Products—1.8%

  

Dean Foods Co. (b)

    53,392        825,440   

Flowers Foods, Inc.

    98,540        2,113,683   

Hain Celestial Group, Inc. (The) (a) (b)

    28,048        2,565,551   

Hillshire Brands Co.

    68,846        2,565,202   

Ingredion, Inc.

    41,891        2,851,939   

Lancaster Colony Corp. (b)

    10,897        1,083,380   

Post Holdings, Inc. (a)

    21,197        1,168,379   

Tootsie Roll Industries, Inc. (b)

    11,627        348,112   

WhiteWave Foods Co. - Class A (a)

    97,584        2,785,047   
   

 

 

 
      16,306,733   
   

 

 

 

Gas Utilities—1.5%

  

Atmos Energy Corp.

    56,325        2,654,597   

National Fuel Gas Co. (b)

    47,110        3,299,585   

ONE Gas, Inc. (a)

    29,209        1,049,479   

Questar Corp.

    98,476        2,341,759   

UGI Corp.

    64,535        2,943,441   

WGL Holdings, Inc. (b)

    29,164        1,168,310   
   

 

 

 
      13,457,171   
   

 

 

 

Health Care Equipment & Supplies—2.8%

  

Align Technology, Inc. (a)

    40,323        2,088,328   

Cooper Cos., Inc. (The)

    26,913        3,696,770   

 

MSF-109


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

Hill-Rom Holdings, Inc. (b)

    32,310      $ 1,245,227   

Hologic, Inc. (a) (b)

    154,303        3,317,515   

IDEXX Laboratories, Inc. (a) (b)

    29,018        3,522,785   

Masimo Corp. (a) (b)

    29,018        792,482   

ResMed, Inc. (b)

    79,663        3,560,139   

Sirona Dental Systems, Inc. (a) (b)

    31,089        2,321,416   

STERIS Corp.

    33,139        1,582,387   

Teleflex, Inc.

    23,179        2,485,716   

Thoratec Corp. (a)

    31,929        1,143,377   
   

 

 

 
      25,756,142   
   

 

 

 

Health Care Providers & Services—2.9%

  

Community Health Systems, Inc. (a)

    63,757        2,497,362   

Health Net, Inc. (a)

    44,994        1,530,246   

Henry Schein, Inc. (a) (c)

    48,048        5,735,490   

LifePoint Hospitals, Inc. (a)

    26,523        1,446,830   

MEDNAX, Inc. (a)

    56,914        3,527,530   

Omnicare, Inc. (b)

    56,114        3,348,322   

Owens & Minor, Inc. (b)

    35,483        1,242,970   

Universal Health Services, Inc. - Class B

    50,464        4,141,580   

VCA Antech, Inc. (a)

    49,627        1,599,478   

WellCare Health Plans, Inc. (a)

    24,616        1,563,608   
   

 

 

 
      26,633,416   
   

 

 

 

Health Care Technology—0.3%

  

Allscripts Healthcare Solutions, Inc. (a) (b)

    89,615        1,615,758   

HMS Holdings Corp. (a) (b)

    49,197        937,203   
   

 

 

 
      2,552,961   
   

 

 

 

Hotels, Restaurants & Leisure—1.5%

  

Bally Technologies, Inc. (a) (b)

    21,986        1,457,012   

Bob Evans Farms, Inc. (b)

    13,883        694,567   

Brinker International, Inc. (b)

    37,757        1,980,355   

Cheesecake Factory, Inc. (The) (b)

    26,643        1,269,006   

Domino’s Pizza, Inc.

    31,342        2,412,394   

International Speedway Corp. - Class A (b)

    15,694        533,439   

Life Time Fitness, Inc. (a) (b)

    21,790        1,048,099   

Panera Bread Co. - Class A (a) (b)

    14,813        2,614,050   

Scientific Games Corp. - Class A (a)

    27,310        374,966   

Wendy’s Co. (The) (b)

    148,257        1,352,104   
   

 

 

 
      13,735,992   
   

 

 

 

Household Durables—1.7%

  

Jarden Corp. (a)

    69,583        4,163,151   

KB Home (b)

    50,104        851,267   

MDC Holdings, Inc. (b)

    21,949        620,718   

NVR, Inc. (a)

    2,315        2,655,305   

Tempur Sealy International, Inc. (a) (b)

    34,102        1,727,948   

Toll Brothers, Inc. (a) (b)

    89,933        3,228,595   

Tupperware Brands Corp. (b)

    28,319        2,371,999   
   

 

 

 
      15,618,983   
   

 

 

 

Household Products—1.0%

  

Church & Dwight Co., Inc. (b)

    77,151        5,328,820   

Energizer Holdings, Inc.

    35,218        3,547,861   
   

 

 

 
      8,876,681   
   

 

 

 

Industrial Conglomerates—0.3%

  

Carlisle Cos., Inc.

    35,799      2,840,293   
   

 

 

 

Insurance—5.0%

  

Alleghany Corp. (a)

    9,397        3,828,150   

American Financial Group, Inc.

    40,292        2,325,251   

Arthur J. Gallagher & Co.

    75,266        3,581,156   

Aspen Insurance Holdings, Ltd.

    36,630        1,454,211   

Brown & Brown, Inc.

    67,064        2,062,889   

Everest Re Group, Ltd.

    26,641        4,077,405   

Fidelity National Financial, Inc. - Class A

    155,394        4,885,587   

First American Financial Corp. (b)

    59,690        1,584,770   

Hanover Insurance Group, Inc. (The)

    24,677        1,516,155   

HCC Insurance Holdings, Inc.

    56,123        2,553,035   

Kemper Corp.

    28,719        1,124,923   

Mercury General Corp. (b)

    20,404        919,812   

Old Republic International Corp.

    136,222        2,234,041   

Primerica, Inc.

    30,910        1,456,170   

Protective Life Corp.

    44,202        2,324,583   

Reinsurance Group of America, Inc.

    39,797        3,169,035   

RenaissanceRe Holdings, Ltd. (b)

    23,431        2,286,866   

StanCorp Financial Group, Inc.

    24,583        1,642,145   

W.R. Berkley Corp.

    58,550        2,436,851   
   

 

 

 
      45,463,035   
   

 

 

 

Internet & Catalog Retail—0.1%

  

HSN, Inc.

    18,820        1,124,119   
   

 

 

 

Internet Software & Services—1.1%

  

AOL, Inc. (a) (b)

    44,681        1,955,687   

Conversant, Inc. (a) (b)

    35,605        1,002,281   

Equinix, Inc. (a) (b)

    27,783        5,135,410   

Rackspace Hosting, Inc. (a) (b)

    65,403        2,146,526   
   

 

 

 
      10,239,904   
   

 

 

 

IT Services—2.8%

  

Acxiom Corp. (a)

    42,952        1,477,334   

Broadridge Financial Solutions, Inc.

    67,170        2,494,694   

Convergys Corp. (b)

    56,672        1,241,683   

CoreLogic, Inc. (a)

    51,328        1,541,893   

DST Systems, Inc.

    16,455        1,559,769   

Gartner, Inc. (a)

    51,837        3,599,561   

Global Payments, Inc.

    40,445        2,876,044   

Jack Henry & Associates, Inc.

    48,072        2,680,495   

Leidos Holdings, Inc. (b)

    40,930        1,447,694   

ManTech International Corp. - Class A (b)

    13,332        392,094   

NeuStar, Inc. - Class A (a) (b)

    34,411        1,118,702   

Science Applications International Corp. (b)

    23,428        875,973   

VeriFone Systems, Inc. (a)

    62,476        2,112,938   

WEX, Inc. (a)

    21,871        2,078,839   
   

 

 

 
      25,497,713   
   

 

 

 

Leisure Products—0.8%

  

Brunswick Corp.

    52,055        2,357,571   

Polaris Industries, Inc. (b)

    36,959        5,163,542   
   

 

 

 
      7,521,113   
   

 

 

 

 

MSF-110


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Life Sciences Tools & Services—1.3%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    11,296      $ 1,447,244   

Charles River Laboratories International, Inc. (a)

    26,801        1,617,172   

Covance, Inc. (a) (c)

    31,850        3,309,215   

Mettler-Toledo International, Inc. (a)

    16,528        3,895,319   

Techne Corp.

    18,676        1,594,370   
   

 

 

 
      11,863,320   
   

 

 

 

Machinery—5.2%

  

AGCO Corp.

    48,998        2,702,730   

CLARCOR, Inc.

    28,349        1,625,815   

Crane Co.

    27,523        1,958,262   

Donaldson Co., Inc. (b)

    75,116        3,184,918   

Graco, Inc.

    34,226        2,558,051   

Harsco Corp.

    45,370        1,063,019   

IDEX Corp.

    45,488        3,315,620   

ITT Corp.

    51,399        2,197,821   

Kennametal, Inc.

    44,201        1,958,104   

Lincoln Electric Holdings, Inc.

    45,556        3,280,488   

Nordson Corp.

    34,017        2,397,858   

Oshkosh Corp.

    47,313        2,785,316   

SPX Corp.

    25,237        2,481,050   

Terex Corp. (b)

    62,252        2,757,764   

Timken Co.

    43,828        2,576,210   

Trinity Industries, Inc.

    43,575        3,140,450   

Valmont Industries, Inc. (b)

    15,088        2,245,698   

Wabtec Corp.

    53,984        4,183,760   

Woodward, Inc. (b)

    33,636        1,396,903   
   

 

 

 
      47,809,837   
   

 

 

 

Marine—0.3%

  

Kirby Corp. (a) (b)

    32,001        3,240,101   
   

 

 

 

Media—1.2%

  

AMC Networks, Inc. - Class A (a)

    33,339        2,436,747   

Cinemark Holdings, Inc. (b)

    58,397        1,694,097   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    40,423        1,073,231   

John Wiley & Sons, Inc. - Class A (b)

    26,192        1,509,707   

Lamar Advertising Co. - Class A (a)

    36,799        1,876,381   

Meredith Corp.

    20,858        968,437   

New York Times Co. (The) - Class A (b)

    70,743        1,211,120   
   

 

 

 
      10,769,720   
   

 

 

 

Metals & Mining—1.5%

  

Carpenter Technology Corp.

    29,840        1,970,634   

Commercial Metals Co.

    65,970        1,245,514   

Compass Minerals International, Inc.

    18,835        1,554,264   

Reliance Steel & Aluminum Co.

    43,622        3,082,330   

Royal Gold, Inc. (b)

    36,618        2,293,019   

Steel Dynamics, Inc.

    125,407        2,230,991   

Worthington Industries, Inc.

    29,697        1,135,910   
   

 

 

 
      13,512,662   
   

 

 

 

Multi-Utilities—1.1%

  

Alliant Energy Corp.

    62,390        3,544,376   

Multi-Utilities—(Continued)

  

Black Hills Corp.

    25,026      1,442,749   

MDU Resources Group, Inc.

    106,493        3,653,775   

Vectren Corp.

    46,348        1,825,647   
   

 

 

 
      10,466,547   
   

 

 

 

Multiline Retail—0.3%

  

Big Lots, Inc. (a)

    32,831        1,243,310   

J.C. Penney Co., Inc. (a) (b)

    171,306        1,476,658   
   

 

 

 
      2,719,968   
   

 

 

 

Oil, Gas & Consumable Fuels—3.0%

  

Alpha Natural Resources, Inc. (a) (b)

    124,319        528,356   

Bill Barrett Corp. (a)

    27,641        707,610   

Cimarex Energy Co.

    48,932        5,828,291   

Energen Corp.

    40,891        3,304,402   

Gulfport Energy Corp. (a)

    47,923        3,411,159   

HollyFrontier Corp.

    111,892        5,323,821   

Rosetta Resources, Inc. (a) (b)

    34,497        1,606,870   

SM Energy Co.

    37,709        2,688,275   

World Fuel Services Corp. (b)

    40,423        1,782,654   

WPX Energy, Inc. (a)

    113,447        2,045,449   
   

 

 

 
      27,226,887   
   

 

 

 

Paper & Forest Products—0.4%

  

Domtar Corp.

    18,290        2,052,504   

Louisiana-Pacific Corp. (a)

    79,438        1,340,119   
   

 

 

 
      3,392,623   
   

 

 

 

Pharmaceuticals—1.2%

  

Endo International plc (a) (b)

    77,318        5,307,880   

Mallinckrodt plc (a)

    32,712        2,074,268   

Salix Pharmaceuticals, Ltd. (a) (b)

    35,616        3,690,174   
   

 

 

 
      11,072,322   
   

 

 

 

Professional Services—1.1%

  

Corporate Executive Board Co. (The)

    18,914        1,403,986   

FTI Consulting, Inc. (a) (b)

    22,851        761,852   

Manpowergroup, Inc.

    44,740        3,526,854   

Towers Watson & Co. - Class A

    36,092        4,116,293   
   

 

 

 
      9,808,985   
   

 

 

 

Real Estate Investment Trusts—8.7%

  

Alexandria Real Estate Equities, Inc.

    40,288        2,923,297   

American Campus Communities, Inc.

    58,925        2,200,849   

BioMed Realty Trust, Inc.

    108,293        2,218,924   

BRE Properties, Inc.

    43,472        2,729,172   

Camden Property Trust

    48,037        3,234,812   

Corporate Office Properties Trust

    49,166        1,309,782   

Corrections Corp. of America (b)

    65,207        2,042,283   

Duke Realty Corp.

    183,910        3,104,401   

Equity One, Inc.

    35,606        795,438   

Essex Property Trust, Inc. (b)

    21,711        3,691,956   

Extra Space Storage, Inc.

    61,866        3,001,120   

Federal Realty Investment Trust

    37,578        4,310,948   

 

MSF-111


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

Highwoods Properties, Inc.

    50,569      $ 1,942,355   

Home Properties, Inc.

    32,084        1,928,890   

Hospitality Properties Trust

    84,137        2,416,415   

Kilroy Realty Corp. (b)

    46,173        2,704,814   

Liberty Property Trust

    82,439        3,046,945   

Mack-Cali Realty Corp.

    49,820        1,035,758   

Mid-America Apartment Communities, Inc. (b)

    42,160        2,878,263   

National Retail Properties, Inc. (b)

    68,608        2,354,627   

Omega Healthcare Investors, Inc.

    69,859        2,341,674   

Potlatch Corp.

    22,796        881,977   

Rayonier, Inc.

    71,101        3,264,247   

Realty Income Corp. (b)

    123,489        5,045,760   

Regency Centers Corp.

    51,924        2,651,239   

Senior Housing Properties Trust

    105,822        2,377,820   

SL Green Realty Corp.

    53,451        5,378,240   

Taubman Centers, Inc.

    35,500        2,513,045   

UDR, Inc.

    141,395        3,652,233   

Weingarten Realty Investors

    63,092        1,892,760   
   

 

 

 
      79,870,044   
   

 

 

 

Real Estate Management & Development—0.4%

  

Alexander & Baldwin, Inc.

    24,087        1,025,143   

Jones Lang LaSalle, Inc.

    25,026        2,965,581   
   

 

 

 
      3,990,724   
   

 

 

 

Road & Rail—1.3%

  

Con-way, Inc.

    32,011        1,315,012   

Genesee & Wyoming, Inc. - Class A (a)

    28,632        2,786,466   

J.B. Hunt Transport Services, Inc.

    51,429        3,698,774   

Landstar System, Inc.

    25,587        1,515,262   

Old Dominion Freight Line, Inc. (a)

    39,249        2,226,988   

Werner Enterprises, Inc. (b)

    25,801        658,184   
   

 

 

 
      12,200,686   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.6%

  

Advanced Micro Devices, Inc. (a) (b)

    347,084        1,391,807   

Atmel Corp. (a) (c)

    239,254        2,000,164   

Cree, Inc. (a) (b)

    68,390        3,868,138   

Cypress Semiconductor Corp. (a) (b)

    79,830        819,854   

Fairchild Semiconductor International, Inc. (a)

    70,150        967,369   

Integrated Device Technology, Inc. (a)

    76,727        938,371   

International Rectifier Corp. (a) (b)

    40,070        1,097,918   

Intersil Corp. - Class A (b)

    71,845        928,237   

RF Micro Devices, Inc. (a)

    158,892        1,252,069   

Semtech Corp. (a)

    38,600        978,124   

Silicon Laboratories, Inc. (a)

    22,157        1,157,703   

Skyworks Solutions, Inc. (a)

    106,245        3,986,312   

SunEdison, Inc. (a) (b)

    138,214        2,603,952   

Teradyne, Inc. (a) (b)

    109,084        2,169,681   
   

 

 

 
      24,159,699   
   

 

 

 

Software—4.1%

  

ACI Worldwide, Inc. (a) (b)

    21,624        1,279,924   

Advent Software, Inc. (b)

    22,805        669,555   

ANSYS, Inc. (a)

    52,040        4,008,121   

Software—(Continued)

  

Cadence Design Systems, Inc. (a)

    162,573      2,526,384   

CommVault Systems, Inc. (a) (b)

    25,107        1,630,700   

Compuware Corp.

    122,699        1,288,339   

Concur Technologies, Inc. (a) (b)

    26,751        2,650,222   

FactSet Research Systems, Inc. (b)

    22,375        2,412,249   

Fair Isaac Corp.

    19,633        1,086,097   

Fortinet, Inc. (a)

    76,928        1,694,724   

Informatica Corp. (a)

    61,416        2,320,296   

Mentor Graphics Corp.

    54,783        1,206,322   

MICROS Systems, Inc. (a)

    42,316        2,239,786   

PTC, Inc. (a)

    66,753        2,365,059   

Rovi Corp. (a)

    55,391        1,261,807   

SolarWinds, Inc. (a)

    36,759        1,567,036   

Solera Holdings, Inc.

    38,787        2,456,769   

Synopsys, Inc. (a)

    86,650        3,328,226   

TIBCO Software, Inc. (a)

    85,830        1,744,066   
   

 

 

 
      37,735,682   
   

 

 

 

Specialty Retail—3.8%

  

Aaron’s, Inc. (b)

    40,476        1,223,994   

Abercrombie & Fitch Co. - Class A

    42,965        1,654,153   

Advance Auto Parts, Inc.

    41,011        5,187,892   

American Eagle Outfitters, Inc. (b)

    95,406        1,167,769   

ANN, Inc. (a) (b)

    25,823        1,071,138   

Ascena Retail Group, Inc. (a)

    72,591        1,254,373   

Cabela’s, Inc. (a) (b)

    26,226        1,718,065   

Chico’s FAS, Inc.

    89,297        1,431,431   

CST Brands, Inc. (b)

    42,514        1,328,137   

Dick’s Sporting Goods, Inc.

    57,297        3,128,989   

Foot Locker, Inc.

    82,519        3,876,743   

Guess?, Inc.

    33,413        922,199   

Murphy USA, Inc. (a) (b)

    24,972        1,013,613   

Office Depot, Inc. (a) (b)

    272,415        1,125,074   

Rent-A-Center, Inc. (b)

    29,678        789,435   

Signet Jewelers, Ltd.

    45,109        4,775,239   

Williams-Sonoma, Inc.

    49,316        3,286,418   
   

 

 

 
      34,954,662   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.1%

  

3D Systems Corp. (a) (b)

    53,978        3,192,799   

Diebold, Inc. (b)

    36,153        1,442,143   

Lexmark International, Inc. - Class A (b)

    34,621        1,602,606   

NCR Corp. (a)

    93,744        3,426,343   
   

 

 

 
      9,663,891   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.7%

  

Carter’s, Inc. (b)

    30,170        2,342,701   

Deckers Outdoor Corp. (a) (b)

    19,469        1,552,263   

Hanesbrands, Inc.

    55,932        4,277,679   

Kate Spade & Co. (a)

    69,393        2,573,787   

Under Armour, Inc. - Class A (a) (b)

    45,230        5,185,167   
   

 

 

 
      15,931,597   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

Astoria Financial Corp.

    47,246        652,940   

 

MSF-112


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Thrifts & Mortgage Finance—(Continued)

  

New York Community Bancorp, Inc. (b)

    248,652      $ 3,995,837   

Washington Federal, Inc.

    57,646        1,343,152   
   

 

 

 
      5,991,929   
   

 

 

 

Tobacco—0.1%

  

Universal Corp. (b)

    13,056        729,700   
   

 

 

 

Trading Companies & Distributors—1.1%

  

GATX Corp. (b)

    25,868        1,755,920   

MSC Industrial Direct Co., Inc. - Class A

    26,557        2,297,711   

United Rentals, Inc. (a) (b)

    52,422        4,976,945   

Watsco, Inc.

    15,269        1,525,526   
   

 

 

 
      10,556,102   
   

 

 

 

Water Utilities—0.3%

  

Aqua America, Inc. (b)

    99,430        2,492,710   
   

 

 

 

Wireless Telecommunication Services—0.2%

  

Telephone & Data Systems, Inc.

    55,658        1,458,796   
   

 

 

 

Total Common Stocks
(Cost $590,942,205)

      882,896,814   
   

 

 

 
Investment Company Security—1.2%   

SPDR S&P MidCap 400 ETF Trust
(Cost $10,389,832)

    44,000        11,025,080   
   

 

 

 
Short-Term Investments—20.1%   

Discount Notes—1.5%

   

Federal Home Loan Bank

   

0.041%, 04/23/14 (d)

    125,000        124,997   

0.051%, 04/23/14 (d)

    300,000        299,991   

0.058%, 04/23/14 (d)

    875,000        874,969   

0.071%, 04/23/14 (d)

    850,000        849,964   

0.081%, 08/27/14 (d)

    575,000        574,811   

0.086%, 08/27/14 (d)

    750,000        749,738   

0.091%, 08/27/14 (d)

    250,000        249,907   

0.093%, 08/27/14 (d)

    8,850,000        8,846,653   

Federal Home Loan Mortgage Corp.

   

0.081%, 06/12/14 (d)

    1,650,000        1,649,736   
   

 

 

 
      14,220,766   
   

 

 

 

Mutual Fund—17.6%

   

State Street Navigator Securities Lending MET Portfolio (e)

    161,039,787        161,039,787   
   

 

 

 
Security Description       
Principal
Amount*
    Value  

U.S. Treasury—1.0%

   

U.S. Treasury Bills

   

0.019%, 05/08/14 (d)

    250,000      249,995   

0.023%, 05/15/14 (d)

    450,000        449,987   

0.029%, 05/15/14 (d)

    50,000        49,998   

0.040%, 05/08/14 (d)

    100,000        99,996   

0.042%, 05/15/14 (d)

    375,000        374,981   

0.046%, 05/15/14 (d)

    400,000        399,978   

0.047%, 05/08/14 (d)

    425,000        424,980   

0.051%, 05/15/14 (d)

    75,000        74,996   

0.058%, 08/21/14 (d)

    175,000        174,961   

0.061%, 08/21/14 (d)

    400,000        399,905   

0.063%, 05/15/14 (d)

    2,250,000        2,249,830   

0.077%, 05/15/14 (d)

    1,550,000        1,549,856   

0.078%, 05/15/14 (d)

    325,000        324,969   

0.084%, 05/15/14 (d)

    1,000,000        999,899   

0.086%, 05/15/14 (d)

    1,175,000        1,174,878   
   

 

 

 
      8,999,209   
   

 

 

 

Total Short-Term Investments
(Cost $184,259,762)

      184,259,762   
   

 

 

 

Total Investments—117.5%
(Cost $785,591,799) (f)

      1,078,181,656   

Other assets and liabilities (net)—(17.5)%

      (160,734,338
   

 

 

 
Net Assets—100.0%     $ 917,447,318   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $164,617,592 and the collateral received consisted of cash in the amount of $161,039,787 and non-cash collateral with a value of $5,345,683. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2014, the market value of securities pledged was $5,274,850.
(d) The rate shown represents the discount rate at the time of purchase by the Portfolio.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of March 31, 2014, the aggregate cost of investments was $785,591,799. The aggregate unrealized appreciation and depreciation of investments were $314,193,481 and $(21,603,624), respectively, resulting in net unrealized appreciation of $292,589,857.
(ETF)— Exchange-Traded Fund

 

MSF-113


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

S&P Midcap 400 E-Mini Index Futures

     06/20/14         170         USD   23,053,938       $ 319,362   
           

 

 

 

 

(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 882,896,814       $ —        $ —         $ 882,896,814   

Total Investment Company Security

     11,025,080         —          —           11,025,080   
Short-Term Investments           

Discount Notes

     —           14,220,766        —           14,220,766   

Mutual Fund

     161,039,787         —          —           161,039,787   

U.S. Treasury

     —           8,999,209        —           8,999,209   

Total Short-Term Investments

     161,039,787         23,219,975        —           184,259,762   

Total Investments

   $ 1,054,961,681       $ 23,219,975      $ —         $ 1,078,181,656   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (161,039,787   $ —         $ (161,039,787
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 319,362       $ —        $ —         $ 319,362   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-114


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—98.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.7%

  

Boeing Co. (The)

    256,046      $ 32,131,213   

General Dynamics Corp.

    121,723        13,258,069   

Honeywell International, Inc.

    293,558        27,230,440   

L-3 Communications Holdings, Inc.

    32,139        3,797,223   

Lockheed Martin Corp.

    101,082        16,500,626   

Northrop Grumman Corp.

    81,141        10,011,177   

Precision Castparts Corp.

    54,370        13,742,561   

Raytheon Co.

    117,744        11,631,930   

Rockwell Collins, Inc.

    50,611        4,032,178   

Textron, Inc.

    105,760        4,155,310   

United Technologies Corp.

    315,229        36,831,356   
   

 

 

 
      173,322,083   
   

 

 

 

Air Freight & Logistics—0.7%

  

C.H. Robinson Worldwide, Inc. (a)

    55,578        2,911,731   

Expeditors International of Washington, Inc.

    75,866        3,006,570   

FedEx Corp.

    103,995        13,785,577   

United Parcel Service, Inc. - Class B

    266,044        25,907,365   
   

 

 

 
      45,611,243   
   

 

 

 

Airlines—0.3%

  

Delta Air Lines, Inc.

    317,984        11,018,145   

Southwest Airlines Co.

    262,806        6,204,850   
   

 

 

 
      17,222,995   
   

 

 

 

Auto Components—0.4%

  

BorgWarner, Inc.

    85,336        5,245,604   

Delphi Automotive plc

    104,384        7,083,498   

Goodyear Tire & Rubber Co. (The)

    92,868        2,426,641   

Johnson Controls, Inc.

    248,594        11,763,468   
   

 

 

 
      26,519,211   
   

 

 

 

Automobiles—0.7%

  

Ford Motor Co.

    1,476,462        23,032,807   

General Motors Co.

    488,043        16,798,440   

Harley-Davidson, Inc.

    82,381        5,487,399   
   

 

 

 
      45,318,646   
   

 

 

 

Banks—6.2%

  

Bank of America Corp.

    3,956,429        68,050,579   

BB&T Corp.

    266,138        10,690,763   

Citigroup, Inc.

    1,136,769        54,110,204   

Comerica, Inc.

    68,163        3,530,843   

Fifth Third Bancorp

    318,762        7,315,588   

Huntington Bancshares, Inc.

    311,184        3,102,505   

JPMorgan Chase & Co.

    1,417,687        86,067,778   

KeyCorp

    332,967        4,741,450   

M&T Bank Corp. (a)

    49,055        5,950,372   

PNC Financial Services Group, Inc. (The)

    199,940        17,394,780   

Regions Financial Corp.

    531,439        5,904,287   

SunTrust Banks, Inc.

    200,167        7,964,645   

U.S. Bancorp

    682,313        29,243,935   

Wells Fargo & Co.

    1,792,604        89,164,123   

Zions Bancorporation

    69,210        2,144,126   
   

 

 

 
      395,375,978   
   

 

 

 

Beverages—2.1%

  

Beam, Inc.

    61,941      5,159,685   

Brown-Forman Corp. - Class B (a)

    60,685        5,442,838   

Coca-Cola Co. (The)

    1,418,526        54,840,215   

Coca-Cola Enterprises, Inc.

    88,972        4,249,303   

Constellation Brands, Inc. - Class A (b)

    62,616        5,320,481   

Dr Pepper Snapple Group, Inc.

    73,854        4,022,089   

Molson Coors Brewing Co. - Class B

    59,281        3,489,280   

Monster Beverage Corp. (b)

    50,604        3,514,448   

PepsiCo, Inc.

    569,971        47,592,578   
   

 

 

 
      133,630,917   
   

 

 

 

Biotechnology—2.4%

  

Alexion Pharmaceuticals, Inc. (b)

    74,062        11,267,052   

Amgen, Inc.

    282,655        34,862,668   

Biogen Idec, Inc. (b)

    88,500        27,069,495   

Celgene Corp. (b)

    152,003        21,219,619   

Gilead Sciences, Inc. (b)

    575,881        40,806,928   

Regeneron Pharmaceuticals, Inc. (b)

    29,483        8,853,155   

Vertex Pharmaceuticals, Inc. (b)

    88,267        6,242,242   
   

 

 

 
      150,321,159   
   

 

 

 

Building Products—0.1%

  

Allegion plc

    33,594        1,752,599   

Masco Corp.

    133,428        2,963,436   
   

 

 

 
      4,716,035   
   

 

 

 

Capital Markets—2.1%

  

Ameriprise Financial, Inc.

    71,458        7,865,382   

Bank of New York Mellon Corp. (The)

    424,932        14,995,850   

BlackRock, Inc.

    47,034        14,791,252   

Charles Schwab Corp. (The)

    437,534        11,957,804   

E*Trade Financial Corp. (b)

    107,921        2,484,341   

Franklin Resources, Inc.

    151,149        8,189,253   

Goldman Sachs Group, Inc. (The)

    157,634        25,828,331   

Invesco, Ltd.

    162,160        5,999,920   

Legg Mason, Inc. (a)

    39,238        1,924,232   

Morgan Stanley

    525,144        16,368,738   

Northern Trust Corp.

    83,512        5,475,047   

State Street Corp.

    161,593        11,238,793   

T. Rowe Price Group, Inc.

    98,113        8,079,606   
   

 

 

 
      135,198,549   
   

 

 

 

Chemicals—2.6%

  

Air Products & Chemicals, Inc.

    79,245        9,433,325   

Airgas, Inc.

    24,921        2,654,336   

CF Industries Holdings, Inc.

    20,765        5,412,190   

Dow Chemical Co. (The)

    455,174        22,116,905   

E.I. du Pont de Nemours & Co.

    347,059        23,287,659   

Eastman Chemical Co.

    57,080        4,920,867   

Ecolab, Inc.

    101,339        10,943,599   

FMC Corp.

    49,749        3,808,783   

International Flavors & Fragrances, Inc.

    30,426        2,910,855   

LyondellBasell Industries NV - Class A

    161,645        14,376,706   

Monsanto Co.

    196,500        22,355,805   

Mosaic Co. (The)

    126,921        6,346,050   

 

MSF-115


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Chemicals—(Continued)

  

PPG Industries, Inc.

    51,855      $ 10,031,868   

Praxair, Inc.

    110,057        14,414,165   

Sherwin-Williams Co. (The)

    31,917        6,291,798   

Sigma-Aldrich Corp.

    44,720        4,175,954   
   

 

 

 
      163,480,865   
   

 

 

 

Commercial Services & Supplies—0.5%

  

ADT Corp. (The) (a)

    68,626        2,055,349   

Cintas Corp. (a)

    37,689        2,246,641   

Iron Mountain, Inc.

    63,807        1,759,159   

Pitney Bowes, Inc. (a)

    75,823        1,970,640   

Republic Services, Inc.

    101,253        3,458,803   

Stericycle, Inc. (b)

    31,881        3,622,319   

Tyco International, Ltd.

    172,327        7,306,665   

Waste Management, Inc.

    161,835        6,808,398   
   

 

 

 
      29,227,974   
   

 

 

 

Communications Equipment—1.7%

  

Cisco Systems, Inc.

    1,928,502        43,217,730   

F5 Networks, Inc. (b)

    28,244        3,011,658   

Harris Corp.

    39,982        2,925,083   

Juniper Networks, Inc. (b)

    187,606        4,832,730   

Motorola Solutions, Inc.

    84,586        5,438,034   

QUALCOMM, Inc.

    633,095        49,925,872   
   

 

 

 
      109,351,107   
   

 

 

 

Construction & Engineering—0.2%

  

Fluor Corp.

    60,030        4,666,132   

Jacobs Engineering Group, Inc. (b)

    49,381        3,135,693   

Quanta Services, Inc. (b)

    81,520        3,008,088   
   

 

 

 
      10,809,913   
   

 

 

 

Construction Materials—0.1%

  

Vulcan Materials Co.

    48,879        3,248,010   
   

 

 

 

Consumer Finance—1.0%

  

American Express Co.

    342,106        30,799,803   

Capital One Financial Corp.

    214,446        16,546,654   

Discover Financial Services

    176,291        10,258,373   

SLM Corp.

    160,493        3,928,869   
   

 

 

 
      61,533,699   
   

 

 

 

Containers & Packaging—0.2%

  

Avery Dennison Corp.

    35,939        1,821,029   

Ball Corp.

    52,614        2,883,773   

Bemis Co., Inc.

    38,074        1,494,024   

MeadWestvaco Corp.

    65,354        2,459,925   

Owens-Illinois, Inc. (b)

    61,681        2,086,668   

Sealed Air Corp.

    73,451        2,414,334   
   

 

 

 
      13,159,753   
   

 

 

 

Distributors—0.1%

  

Genuine Parts Co.

    57,551        4,998,304   
   

 

 

 

Diversified Consumer Services—0.1%

  

Graham Holdings Co. - Class B

    1,632      1,148,520   

H&R Block, Inc.

    102,659        3,099,275   
   

 

 

 
      4,247,795   
   

 

 

 

Diversified Financial Services—1.9%

  

Berkshire Hathaway, Inc. - Class B (b)

    673,942        84,222,532   

CME Group, Inc.

    118,136        8,743,245   

IntercontinentalExchange Group, Inc.

    43,039        8,514,405   

Leucadia National Corp.

    117,236        3,282,608   

McGraw Hill Financial, Inc.

    101,455        7,741,017   

Moody’s Corp.

    70,403        5,584,366   

NASDAQ OMX Group, Inc. (The)

    43,766        1,616,716   
   

 

 

 
      119,704,889   
   

 

 

 

Diversified Telecommunication Services—2.4%

  

AT&T, Inc.

    1,949,306        68,362,161   

CenturyLink, Inc. (a)

    216,371        7,105,624   

Frontier Communications Corp. (a)

    374,203        2,132,957   

Verizon Communications, Inc.

    1,550,333        73,749,341   

Windstream Holdings, Inc. (a)

    223,128        1,838,575   
   

 

 

 
      153,188,658   
   

 

 

 

Electric Utilities—1.7%

  

American Electric Power Co., Inc.

    182,610        9,251,023   

Duke Energy Corp.

    264,478        18,836,123   

Edison International

    121,975        6,905,005   

Entergy Corp.

    66,849        4,468,856   

Exelon Corp.

    320,995        10,772,592   

FirstEnergy Corp.

    156,762        5,334,611   

NextEra Energy, Inc.

    162,996        15,585,677   

Northeast Utilities

    118,090        5,373,095   

Pepco Holdings, Inc. (a)

    93,786        1,920,737   

Pinnacle West Capital Corp.

    41,253        2,254,889   

PPL Corp.

    236,123        7,825,116   

Southern Co. (The)

    332,421        14,606,579   

Xcel Energy, Inc. (a)

    186,545        5,663,506   
   

 

 

 
      108,797,809   
   

 

 

 

Electrical Equipment—0.7%

  

AMETEK, Inc.

    91,746        4,724,001   

Eaton Corp. plc

    177,940        13,366,853   

Emerson Electric Co.

    263,179        17,580,357   

Rockwell Automation, Inc.

    51,956        6,471,120   

Roper Industries, Inc.

    37,268        4,975,651   
   

 

 

 
      47,117,982   
   

 

 

 

Electronic Equipment, Instruments & Components—0.4%

  

Amphenol Corp. - Class A

    59,226        5,428,063   

Corning, Inc. (a)

    521,174        10,850,843   

FLIR Systems, Inc.

    52,740        1,898,640   

Jabil Circuit, Inc.

    70,256        1,264,608   

TE Connectivity, Ltd.

    153,579        9,246,991   
   

 

 

 
      28,689,145   
   

 

 

 

 

MSF-116


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—1.9%

  

Baker Hughes, Inc.

    163,673      $ 10,642,019   

Cameron International Corp. (b)

    81,157        5,013,068   

Diamond Offshore Drilling, Inc. (a)

    26,025        1,268,979   

Ensco plc - Class A

    87,435        4,614,819   

FMC Technologies, Inc. (b)

    88,356        4,620,135   

Halliburton Co.

    318,542        18,758,938   

Helmerich & Payne, Inc.

    40,258        4,330,151   

Nabors Industries, Ltd.

    97,684        2,407,911   

National Oilwell Varco, Inc.

    160,429        12,492,606   

Noble Corp. plc

    95,142        3,114,949   

Rowan Cos. plc - Class A (b)

    46,513        1,566,558   

Schlumberger, Ltd.

    489,430        47,719,425   

Transocean, Ltd. (a)

    127,048        5,252,164   
   

 

 

 
      121,801,722   
   

 

 

 

Food & Staples Retailing—2.3%

  

Costco Wholesale Corp.

    164,620        18,384,762   

CVS Caremark Corp.

    442,669        33,138,201   

Kroger Co. (The)

    193,373        8,440,731   

Safeway, Inc.

    86,218        3,184,893   

Sysco Corp. (a)

    218,996        7,912,326   

Wal-Mart Stores, Inc.

    605,693        46,293,116   

Walgreen Co.

    327,261        21,609,044   

Whole Foods Market, Inc.

    139,255        7,061,621   
   

 

 

 
      146,024,694   
   

 

 

 

Food Products—1.6%

  

Archer-Daniels-Midland Co.

    246,476        10,694,594   

Campbell Soup Co. (a)

    66,951        3,004,761   

ConAgra Foods, Inc.

    157,389        4,883,781   

General Mills, Inc.

    233,809        12,115,982   

Hershey Co. (The)

    56,137        5,860,703   

Hormel Foods Corp.

    50,403        2,483,356   

J.M. Smucker Co. (The)

    38,818        3,774,662   

Kellogg Co.

    96,138        6,028,814   

Keurig Green Mountain, Inc.

    48,350        5,105,277   

Kraft Foods Group, Inc.

    223,243        12,523,932   

McCormick & Co., Inc. (a)

    49,104        3,522,721   

Mead Johnson Nutrition Co.

    75,496        6,276,737   

Mondelez International, Inc. - Class A

    636,800        22,001,440   

Tyson Foods, Inc. - Class A

    100,641        4,429,210   
   

 

 

 
      102,705,970   
   

 

 

 

Gas Utilities—0.0%

  

AGL Resources, Inc.

    44,513        2,179,357   
   

 

 

 

Health Care Equipment & Supplies—2.1%

  

Abbott Laboratories

    577,684        22,246,611   

Baxter International, Inc.

    203,355        14,962,861   

Becton Dickinson & Co.

    72,262        8,460,435   

Boston Scientific Corp. (b)

    495,742        6,702,432   

C.R. Bard, Inc.

    29,044        4,297,931   

CareFusion Corp. (b)

    78,013        3,137,683   

Covidien plc

    168,747        12,429,904   

DENTSPLY International, Inc.

    53,091        2,444,310   

Health Care Equipment & Supplies—(Continued)

  

Edwards Lifesciences Corp. (a) (b)

    40,148      2,977,777   

Intuitive Surgical, Inc. (b)

    14,291        6,259,315   

Medtronic, Inc.

    374,678        23,057,684   

St. Jude Medical, Inc.

    106,249        6,947,622   

Stryker Corp.

    110,343        8,989,644   

Varian Medical Systems, Inc. (b)

    38,767        3,256,040   

Zimmer Holdings, Inc.

    63,387        5,995,143   
   

 

 

 
      132,165,392   
   

 

 

 

Health Care Providers & Services—2.1%

  

Aetna, Inc.

    135,785        10,179,801   

AmerisourceBergen Corp.

    85,807        5,628,081   

Cardinal Health, Inc.

    128,368        8,983,193   

Cigna Corp.

    102,416        8,575,292   

DaVita HealthCare Partners, Inc. (b)

    66,247        4,561,106   

Express Scripts Holding Co. (b)

    290,526        21,815,597   

Humana, Inc.

    57,666        6,500,111   

Laboratory Corp. of America
Holdings (a) (b)

    31,934        3,136,238   

McKesson Corp.

    86,154        15,212,212   

Patterson Cos., Inc. (a)

    30,735        1,283,494   

Quest Diagnostics, Inc. (a)

    54,024        3,129,070   

Tenet Healthcare Corp. (b)

    36,310        1,554,431   

UnitedHealth Group, Inc.

    370,327        30,363,111   

WellPoint, Inc.

    105,745        10,526,915   
   

 

 

 
      131,448,652   
   

 

 

 

Health Care Technology—0.1%

  

Cerner Corp. (b)

    110,737        6,228,956   
   

 

 

 

Hotels, Restaurants & Leisure—1.7%

  

Carnival Corp.

    164,072        6,211,766   

Chipotle Mexican Grill, Inc. (b)

    11,615        6,597,901   

Darden Restaurants, Inc. (a)

    49,141        2,494,397   

International Game Technology

    92,357        1,298,539   

Marriott International, Inc. - Class A (a)

    82,780        4,637,336   

McDonald’s Corp.

    370,585        36,328,447   

Starbucks Corp.

    282,989        20,765,733   

Starwood Hotels & Resorts Worldwide, Inc.

    71,851        5,719,340   

Wyndham Worldwide Corp.

    47,973        3,513,063   

Wynn Resorts, Ltd.

    30,313        6,734,033   

Yum! Brands, Inc.

    165,821        12,501,245   
   

 

 

 
      106,801,800   
   

 

 

 

Household Durables—0.4%

  

DR Horton, Inc. (a)

    106,599        2,307,868   

Garmin, Ltd. (a)

    46,027        2,543,452   

Harman International Industries, Inc.

    25,376        2,700,006   

Leggett & Platt, Inc. (a)

    51,998        1,697,215   

Lennar Corp. - Class A (a)

    65,814        2,607,551   

Mohawk Industries, Inc. (b)

    22,864        3,109,047   

Newell Rubbermaid, Inc.

    104,412        3,121,919   

PulteGroup, Inc.

    128,473        2,465,397   

Whirlpool Corp.

    29,000        4,334,340   
   

 

 

 
      24,886,795   
   

 

 

 

 

MSF-117


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Products—1.9%

  

Clorox Co. (The) (a)

    48,636      $ 4,280,454   

Colgate-Palmolive Co.

    326,827        21,201,268   

Kimberly-Clark Corp.

    142,038        15,659,690   

Procter & Gamble Co. (The)

    1,015,079        81,815,367   
   

 

 

 
      122,956,779   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

AES Corp.

    246,627        3,521,833   

NRG Energy, Inc.

    121,752        3,871,714   
   

 

 

 
      7,393,547   
   

 

 

 

Industrial Conglomerates—2.3%

  

3M Co.

    235,690        31,973,705   

Danaher Corp.

    224,884        16,866,300   

General Electric Co.

    3,756,137        97,246,387   
   

 

 

 
      146,086,392   
   

 

 

 

Insurance—2.8%

  

ACE, Ltd.

    126,035        12,485,027   

Aflac, Inc.

    170,645        10,757,461   

Allstate Corp. (The)

    167,382        9,470,474   

American International Group, Inc.

    548,108        27,410,881   

Aon plc

    112,724        9,500,379   

Assurant, Inc.

    26,821        1,742,292   

Chubb Corp. (The)

    91,945        8,210,688   

Cincinnati Financial Corp.

    55,091        2,680,728   

Genworth Financial, Inc. - Class A (b)

    185,448        3,287,993   

Hartford Financial Services Group, Inc. (The)

    167,098        5,893,546   

Lincoln National Corp.

    98,722        5,002,244   

Loews Corp.

    114,576        5,047,073   

Marsh & McLennan Cos., Inc.

    205,296        10,121,093   

MetLife, Inc. (c)

    420,622        22,208,842   

Principal Financial Group, Inc.

    102,891        4,731,957   

Progressive Corp. (The)

    205,029        4,965,802   

Prudential Financial, Inc.

    173,335        14,672,808   

Torchmark Corp. (a)

    33,153        2,609,141   

Travelers Cos., Inc. (The)

    131,902        11,224,860   

Unum Group

    97,130        3,429,660   

XL Group plc

    103,348        3,229,625   
   

 

 

 
      178,682,574   
   

 

 

 

Internet & Catalog Retail—1.3%

  

Amazon.com, Inc. (b)

    139,269        46,866,804   

Expedia, Inc.

    38,288        2,775,880   

Netflix, Inc. (b)

    22,391        7,882,304   

priceline.com, Inc. (b)

    19,521        23,266,884   

TripAdvisor, Inc. (a) (b)

    41,534        3,762,565   
   

 

 

 
      84,554,437   
   

 

 

 

Internet Software & Services—3.1%

  

Akamai Technologies, Inc. (b)

    66,839        3,890,698   

eBay, Inc. (b)

    436,216        24,096,572   

Facebook, Inc. - Class A (b)

    639,552        38,526,612   

Google, Inc. - Class A (b) (d)

    105,680        117,781,417   

VeriSign, Inc. (a) (b)

    47,037        2,535,765   

Internet Software & Services—(Continued)

  

Yahoo!, Inc. (b)

    351,437      12,616,588   
   

 

 

 
      199,447,652   
   

 

 

 

IT Services—3.5%

  

Accenture plc - Class A

    238,472        19,010,988   

Alliance Data Systems Corp. (a) (b)

    19,907        5,423,662   

Automatic Data Processing, Inc.

    180,383        13,936,391   

Cognizant Technology Solutions Corp. - Class A (b)

    227,403        11,508,866   

Computer Sciences Corp.

    54,543        3,317,305   

Fidelity National Information Services, Inc.

    108,818        5,816,322   

Fiserv, Inc. (b)

    95,273        5,401,026   

International Business Machines Corp.

    366,460        70,539,885   

MasterCard, Inc. - Class A

    382,020        28,536,894   

Paychex, Inc.

    121,352        5,169,595   

Teradata Corp. (a) (b)

    59,600        2,931,724   

Total System Services, Inc.

    61,889        1,882,045   

Visa, Inc. - Class A

    189,768        40,963,320   

Western Union Co. (The) (a)

    205,133        3,355,976   

Xerox Corp.

    416,995        4,712,044   
   

 

 

 
      222,506,043   
   

 

 

 

Leisure Products—0.1%

  

Hasbro, Inc. (a)

    43,629        2,426,645   

Mattel, Inc.

    127,422        5,110,896   
   

 

 

 
      7,537,541   
   

 

 

 

Life Sciences Tools & Services—0.5%

  

Agilent Technologies, Inc.

    124,824        6,980,158   

PerkinElmer, Inc.

    42,248        1,903,695   

Thermo Fisher Scientific, Inc.

    146,677        17,636,443   

Waters Corp. (b)

    31,888        3,456,978   
   

 

 

 
      29,977,274   
   

 

 

 

Machinery—1.7%

  

Caterpillar, Inc.

    238,784        23,727,966   

Cummins, Inc.

    64,997        9,683,903   

Deere & Co. (a)

    138,407        12,567,356   

Dover Corp.

    63,650        5,203,387   

Flowserve Corp.

    51,509        4,035,215   

Illinois Tool Works, Inc.

    146,334        11,901,344   

Ingersoll-Rand plc

    96,803        5,541,004   

Joy Global, Inc. (a)

    37,488        2,174,304   

PACCAR, Inc.

    132,640        8,945,242   

Pall Corp.

    41,097        3,676,949   

Parker Hannifin Corp.

    55,830        6,683,409   

Pentair, Ltd.

    73,885        5,862,036   

Snap-on, Inc.

    21,760        2,469,325   

Stanley Black & Decker, Inc.

    58,254        4,732,555   

Xylem, Inc.

    69,139        2,518,042   
   

 

 

 
      109,722,037   
   

 

 

 

Media—3.5%

  

Cablevision Systems Corp. - Class A (a)

    80,157        1,352,249   

CBS Corp. - Class B

    206,595        12,767,571   

 

MSF-118


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Media—(Continued)

  

Comcast Corp. - Class A

    975,823      $ 48,810,667   

DIRECTV (b)

    177,382        13,555,532   

Discovery Communications, Inc. -
Class A (b)

    83,263        6,885,850   

Gannett Co., Inc.

    85,119        2,349,284   

Interpublic Group of Cos., Inc. (The)

    158,749        2,720,958   

News Corp. - Class A (b)

    186,420        3,210,152   

Omnicom Group, Inc.

    96,665        7,017,879   

Scripps Networks Interactive, Inc. - Class A (a)

    41,075        3,118,003   

Time Warner Cable, Inc.

    103,870        14,248,887   

Time Warner, Inc.

    334,188        21,832,502   

Twenty-First Century Fox, Inc. - Class A

    726,588        23,229,018   

Viacom, Inc. - Class B

    149,188        12,679,488   

Walt Disney Co. (The)

    610,010        48,843,501   
   

 

 

 
      222,621,541   
   

 

 

 

Metals & Mining—0.5%

  

Alcoa, Inc.

    403,457        5,192,492   

Allegheny Technologies, Inc. (a)

    40,412        1,522,724   

Cliffs Natural Resources, Inc. (a)

    57,311        1,172,583   

Freeport-McMoRan Copper & Gold, Inc.

    388,756        12,856,161   

Newmont Mining Corp.

    186,407        4,369,380   

Nucor Corp.

    119,187        6,023,711   

United States Steel Corp. (a)

    54,167        1,495,551   
   

 

 

 
      32,632,602   
   

 

 

 

Multi-Utilities—1.1%

  

Ameren Corp.

    90,836        3,742,443   

CenterPoint Energy, Inc.

    160,547        3,803,359   

CMS Energy Corp.

    99,853        2,923,696   

Consolidated Edison, Inc. (a)

    109,654        5,882,937   

Dominion Resources, Inc.

    217,692        15,453,955   

DTE Energy Co.

    66,296        4,925,130   

Integrys Energy Group, Inc.

    29,936        1,785,682   

NiSource, Inc.

    117,549        4,176,516   

PG&E Corp.

    171,336        7,401,715   

Public Service Enterprise Group, Inc.

    189,494        7,227,301   

SCANA Corp. (a)

    52,841        2,711,800   

Sempra Energy

    85,092        8,233,502   

TECO Energy, Inc. (a)

    76,740        1,316,091   

Wisconsin Energy Corp. (a)

    84,588        3,937,572   
   

 

 

 
      73,521,699   
   

 

 

 

Multiline Retail—0.7%

  

Dollar General Corp. (b)

    110,303        6,119,610   

Dollar Tree, Inc. (b)

    77,904        4,065,031   

Family Dollar Stores, Inc.

    35,775        2,075,308   

Kohl’s Corp. (a)

    75,358        4,280,334   

Macy’s, Inc.

    137,950        8,179,056   

Nordstrom, Inc.

    53,567        3,345,259   

Target Corp.

    236,637        14,318,905   
   

 

 

 
      42,383,503   
   

 

 

 

Oil, Gas & Consumable Fuels—8.0%

  

Anadarko Petroleum Corp.

    188,597        15,985,482   

Apache Corp.

    147,775        12,257,936   

Oil, Gas & Consumable Fuels—(Continued)

  

Cabot Oil & Gas Corp.

    158,075      5,355,581   

Chesapeake Energy Corp. (a)

    189,553        4,856,348   

Chevron Corp.

    714,728        84,988,306   

ConocoPhillips

    459,021        32,292,127   

CONSOL Energy, Inc.

    85,792        3,427,390   

Denbury Resources, Inc. (a)

    133,270        2,185,628   

Devon Energy Corp.

    143,368        9,595,620   

EOG Resources, Inc.

    102,249        20,058,186   

EQT Corp.

    56,490        5,477,835   

Exxon Mobil Corp.

    1,617,757        158,022,504   

Hess Corp.

    102,303        8,478,873   

Kinder Morgan, Inc.

    250,807        8,148,719   

Marathon Oil Corp.

    260,917        9,267,772   

Marathon Petroleum Corp.

    110,277        9,598,510   

Murphy Oil Corp.

    64,464        4,052,207   

Newfield Exploration Co. (b)

    51,033        1,600,395   

Noble Energy, Inc.

    134,739        9,571,859   

Occidental Petroleum Corp.

    297,533        28,351,920   

ONEOK, Inc.

    77,800        4,609,650   

Peabody Energy Corp.

    101,567        1,659,605   

Phillips 66

    219,991        16,952,506   

Pioneer Natural Resources Co.

    53,505        10,012,926   

QEP Resources, Inc.

    67,137        1,976,513   

Range Resources Corp.

    61,280        5,084,402   

Southwestern Energy Co. (b)

    132,127        6,079,163   

Spectra Energy Corp.

    250,894        9,268,024   

Tesoro Corp.

    49,342        2,496,212   

Valero Energy Corp.

    199,357        10,585,857   

Williams Cos., Inc. (The)

    256,227        10,397,692   
   

 

 

 
      512,695,748   
   

 

 

 

Paper & Forest Products—0.1%

  

International Paper Co.

    164,275        7,536,937   
   

 

 

 

Personal Products—0.1%

  

Avon Products, Inc.

    162,461        2,378,429   

Estee Lauder Cos., Inc. (The) - Class A

    95,684        6,399,346   
   

 

 

 
      8,777,775   
   

 

 

 

Pharmaceuticals—6.1%

  

AbbVie, Inc.

    594,699        30,567,528   

Actavis plc (b)

    65,216        13,424,714   

Allergan, Inc.

    111,739        13,866,810   

Bristol-Myers Squibb Co.

    615,487        31,974,550   

Eli Lilly & Co.

    368,888        21,712,748   

Forest Laboratories, Inc. (b)

    89,282        8,238,050   

Hospira, Inc. (b)

    62,318        2,695,253   

Johnson & Johnson

    1,059,066        104,032,053   

Merck & Co., Inc.

    1,100,891        62,497,582   

Mylan, Inc. (b)

    139,234        6,798,796   

Perrigo Co. plc

    50,072        7,744,135   

Pfizer, Inc.

    2,389,597        76,753,856   

Zoetis, Inc.

    187,189        5,417,250   
   

 

 

 
      385,723,325   
   

 

 

 

 

MSF-119


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Professional Services—0.2%

  

Dun & Bradstreet Corp. (The) (a)

    14,076      $ 1,398,450   

Equifax, Inc.

    45,689        3,108,223   

Nielsen Holdings NV

    106,378        4,747,650   

Robert Half International, Inc.

    51,463        2,158,873   
   

 

 

 
      11,413,196   
   

 

 

 

Real Estate Investment Trusts—2.1%

  

American Tower Corp.

    147,884        12,107,263   

Apartment Investment & Management Co. - Class A

    54,695        1,652,883   

AvalonBay Communities, Inc.

    45,543        5,980,707   

Boston Properties, Inc.

    57,281        6,560,393   

Crown Castle International Corp.

    125,065        9,227,296   

Equity Residential

    125,716        7,290,271   

General Growth Properties, Inc.

    195,187        4,294,114   

HCP, Inc.

    171,152        6,638,986   

Health Care REIT, Inc.

    108,557        6,469,997   

Host Hotels & Resorts, Inc.

    283,303        5,734,053   

Kimco Realty Corp.

    153,408        3,356,567   

Macerich Co. (The)

    52,619        3,279,742   

Plum Creek Timber Co., Inc. (a)

    66,299        2,787,210   

Prologis, Inc.

    187,042        7,636,925   

Public Storage

    54,128        9,120,027   

Simon Property Group, Inc.

    117,650        19,294,600   

Ventas, Inc.

    110,171        6,673,057   

Vornado Realty Trust

    65,207        6,426,802   

Weyerhaeuser Co.

    218,843        6,423,042   
   

 

 

 
      130,953,935   
   

 

 

 

Real Estate Management & Development—0.0%

  

CBRE Group, Inc. - Class A (b)

    104,394        2,863,527   
   

 

 

 

Road & Rail—0.9%

  

CSX Corp.

    377,215        10,927,919   

Kansas City Southern

    41,274        4,212,424   

Norfolk Southern Corp.

    115,949        11,266,764   

Ryder System, Inc.

    19,991        1,597,681   

Union Pacific Corp.

    170,362        31,970,133   
   

 

 

 
      59,974,921   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.1%

  

Altera Corp.

    118,887        4,308,465   

Analog Devices, Inc.

    117,002        6,217,486   

Applied Materials, Inc.

    453,391        9,258,244   

Broadcom Corp. - Class A

    206,635        6,504,870   

First Solar, Inc. (a) (b)

    26,451        1,846,015   

Intel Corp.

    1,861,384        48,042,321   

KLA-Tencor Corp.

    62,362        4,311,709   

Lam Research Corp. (b)

    60,765        3,342,075   

Linear Technology Corp.

    88,322        4,300,398   

LSI Corp.

    209,023        2,313,884   

Microchip Technology, Inc. (a)

    74,550        3,560,508   

Micron Technology, Inc. (b)

    397,165        9,396,924   

NVIDIA Corp.

    207,493        3,716,200   

Texas Instruments, Inc.

    405,900        19,138,185   

Semiconductors & Semiconductor Equipment—(Continued)

  

Xilinx, Inc.

    99,903      5,421,736   
   

 

 

 
      131,679,020   
   

 

 

 

Software—3.5%

  

Adobe Systems, Inc. (b)

    173,898        11,432,055   

Autodesk, Inc. (b)

    85,052        4,182,857   

CA, Inc.

    120,695        3,737,924   

Citrix Systems, Inc. (b)

    68,792        3,950,725   

Electronic Arts, Inc. (b)

    115,902        3,362,317   

Intuit, Inc.

    106,065        8,244,432   

Microsoft Corp.

    2,827,889        115,915,170   

Oracle Corp.

    1,296,457        53,038,056   

Red Hat, Inc. (b)

    70,958        3,759,355   

Salesforce.com, Inc. (b)

    210,133        11,996,493   

Symantec Corp.

    258,899        5,170,213   
   

 

 

 
      224,789,597   
   

 

 

 

Specialty Retail—2.1%

  

AutoNation, Inc. (b)

    23,625        1,257,559   

AutoZone, Inc. (b)

    12,620        6,778,202   

Bed Bath & Beyond, Inc. (b)

    79,714        5,484,323   

Best Buy Co., Inc. (a)

    102,333        2,702,614   

CarMax, Inc. (a) (b)

    83,569        3,911,029   

GameStop Corp. - Class A (a)

    43,356        1,781,932   

Gap, Inc. (The)

    99,169        3,972,710   

Home Depot, Inc. (The)

    527,203        41,717,573   

L Brands, Inc.

    91,286        5,182,306   

Lowe’s Cos., Inc.

    391,530        19,145,817   

O’Reilly Automotive, Inc. (b)

    39,820        5,908,890   

PetSmart, Inc. (a)

    38,834        2,675,274   

Ross Stores, Inc.

    80,458        5,756,770   

Staples, Inc. (a)

    243,612        2,762,560   

Tiffany & Co.

    41,226        3,551,620   

TJX Cos., Inc. (The)

    266,254        16,148,305   

Tractor Supply Co.

    52,247        3,690,206   

Urban Outfitters, Inc. (b)

    40,810        1,488,341   
   

 

 

 
      133,916,031   
   

 

 

 

Technology Hardware, Storage & Peripherals—3.9%

  

Apple, Inc.

    333,937        179,237,345   

EMC Corp.

    758,343        20,786,182   

Hewlett-Packard Co.

    709,483        22,958,870   

NetApp, Inc.

    124,020        4,576,338   

SanDisk Corp.

    84,424        6,854,385   

Seagate Technology plc (a)

    123,077        6,912,004   

Western Digital Corp.

    78,721        7,228,162   
   

 

 

 
      248,553,286   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.8%

  

Coach, Inc.

    103,919        5,160,618   

Fossil Group, Inc. (b)

    17,996        2,098,514   

Michael Kors Holdings, Ltd. (b)

    67,169        6,264,853   

NIKE, Inc. - Class B

    278,461        20,567,129   

PVH Corp.

    30,557        3,812,597   

Ralph Lauren Corp.

    22,136        3,562,346   

 

MSF-120


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

VF Corp.

    131,897      $ 8,161,786   
   

 

 

 
      49,627,843   
   

 

 

 

Thrifts & Mortgage Finance—0.1%

  

Hudson City Bancorp, Inc.

    178,043        1,750,162   

People’s United Financial, Inc. (a)

    116,148        1,727,121   
   

 

 

 
      3,477,283   
   

 

 

 

Tobacco—1.4%

  

Altria Group, Inc.

    746,071        27,925,437   

Lorillard, Inc.

    135,600        7,333,248   

Philip Morris International, Inc.

    593,455        48,586,161   

Reynolds American, Inc.

    116,590        6,228,238   
   

 

 

 
      90,073,084   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Fastenal Co. (a)

    102,216        5,041,293   

WW Grainger, Inc.

    22,923        5,791,725   
   

 

 

 
      10,833,018   
   

 

 

 

Total Common Stocks
(Cost $3,807,321,636)

      6,251,948,204   
   

 

 

 
Investment Company Security—1.2%   

SPDR S&P 500 ETF Trust
(Cost $72,915,309)

    390,000        72,945,600   
   

 

 

 
Short-Term Investments—3.1%   

Discount Notes—0.5%

  

Federal Home Loan Bank
0.071%, 05/01/14 (e)

    150,000        149,991   

0.071%, 07/11/14 (e)

    100,000        99,980   

0.076%, 09/12/14 (e)

    375,000        374,872   

0.081%, 07/11/14 (e)

    1,375,000        1,374,691   

0.081%, 08/27/14 (e)

    3,775,000        3,773,759   

0.081%, 09/12/14 (e)

    7,625,000        7,622,221   

0.086%, 07/11/14 (e)

    1,725,000        1,724,589   

0.091%, 07/11/14 (e)

    3,175,000        3,174,198   

0.091%, 08/27/14 (e)

    175,000        174,935   

0.093%, 08/27/14 (e)

    2,500,000        2,499,054   

0.096%, 07/11/14 (e)

    1,725,000        1,724,540   

Discount Notes—(Continued)

  

Federal Home Loan Mortgage Corp.
0.071%, 05/14/14 (e)

    2,275,000      2,274,810   

0.071%, 06/04/14 (e)

    2,300,000        2,299,714   

0.081%, 07/08/14 (e)

    4,175,000        4,174,091   

0.091%, 06/18/14 (e)

    1,300,000        1,299,747   
   

 

 

 
      32,741,192   
   

 

 

 

Mutual Fund—2.6%

  

State Street Navigator Securities Lending MET Portfolio (f)

    167,172,684        167,172,684   
   

 

 

 

Total Short-Term Investments
(Cost $199,913,876)

      199,913,876   
   

 

 

 

Total Investments—102.5%
(Cost $4,080,150,821) (g)

      6,524,807,680   

Other assets and liabilities (net)—(2.5)%

      (158,905,747
   

 

 

 
Net Assets—100.0%     $ 6,365,901,933   
   

 

 

 
* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $167,827,410 and the collateral received consisted of cash in the amount of $167,172,684 and non-cash collateral with a value of $2,803,426. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Affiliated Issuer.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2014, the market value of securities pledged was $22,290,200.
(e) The rate shown represents the discount rate at the time of purchase by the Portfolio.
(f) Represents investment of cash collateral received from securities lending transactions.
(g) As of March 31, 2014, the aggregate cost of investments was $4,080,150,821. The aggregate unrealized appreciation and depreciation of investments were $2,517,035,053 and $(72,378,194), respectively, resulting in net unrealized appreciation of $2,444,656,859.
(ETF)— Exchange-Traded Fund

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

S&P 500 Index Futures

     06/19/14         80         USD         36,795,218       $ 496,782   
              

 

 

 

 

(USD)— United States Dollar

 

MSF-121


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 6,251,948,204       $ —        $ —         $ 6,251,948,204   

Total Investment Company Security

     72,945,600         —          —           72,945,600   
Short-Term Investments           

Discount Notes

     —           32,741,192        —           32,741,192   

Mutual Fund

     167,172,684         —          —           167,172,684   

Total Short-Term Investments

     167,172,684         32,741,192        —           199,913,876   

Total Investments

   $ 6,492,066,488       $ 32,741,192      $ —         $ 6,524,807,680   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (167,172,684   $ —         $ (167,172,684
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 496,782       $ —        $ —         $ 496,782   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-122


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—59.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—3.2%

  

General Dynamics Corp.

    12,273      $ 1,336,775   

Honeywell International, Inc.

    81,134        7,525,990   

Lockheed Martin Corp.

    70,929        11,578,450   

Northrop Grumman Corp.

    25,246        3,114,851   

Precision Castparts Corp.

    3,823        966,301   

United Technologies Corp.

    72,821        8,508,406   
   

 

 

 
      33,030,773   
   

 

 

 

Air Freight & Logistics—0.5%

  

United Parcel Service, Inc. - Class B

    47,464        4,622,044   
   

 

 

 

Airlines—0.1%

  

Copa Holdings S.A. - Class A

    6,931        1,006,312   
   

 

 

 

Auto Components—1.2%

  

Delphi Automotive plc

    59,910        4,065,493   

Johnson Controls, Inc.

    95,831        4,534,723   

Magna International, Inc.

    34,840        3,349,430   
   

 

 

 
      11,949,646   
   

 

 

 

Automobiles—0.6%

  

General Motors Co.

    183,579        6,318,789   
   

 

 

 

Banks—5.6%

  

Bank of America Corp.

    167,714        2,884,681   

BB&T Corp.

    46,790        1,879,554   

BOC Hong Kong Holdings, Ltd.

    212,000        603,883   

Fifth Third Bancorp

    31,180        715,581   

HSBC Holdings plc

    119,548        1,210,440   

JPMorgan Chase & Co.

    401,450        24,372,030   

Mizuho Financial Group, Inc. (a)

    758,800        1,497,153   

PNC Financial Services Group, Inc. (The)

    33,397        2,905,539   

Sumitomo Mitsui Financial Group, Inc.

    27,100        1,155,178   

SunTrust Banks, Inc.

    24,093        958,660   

U.S. Bancorp

    44,180        1,893,555   

Wells Fargo & Co.

    337,660        16,795,208   
   

 

 

 
      56,871,462   
   

 

 

 

Beverages—0.7%

  

Coca-Cola Co. (The)

    31,030        1,199,620   

Coca-Cola Enterprises, Inc.

    14,830        708,281   

Diageo plc

    150,168        4,660,734   

Dr Pepper Snapple Group, Inc.

    18,543        1,009,852   
   

 

 

 
      7,578,487   
   

 

 

 

Capital Markets—2.7%

  

Bank of New York Mellon Corp. (The)

    205,385        7,248,036   

BlackRock, Inc.

    11,006        3,461,167   

Franklin Resources, Inc.

    81,316        4,405,701   

Goldman Sachs Group, Inc. (The)

    41,921        6,868,756   

Morgan Stanley

    54,224        1,690,162   

State Street Corp.

    60,851        4,232,187   
   

 

 

 
      27,906,009   
   

 

 

 

Chemicals—1.0%

  

Celanese Corp. - Series A (a)

    22,143      1,229,158   

FMC Corp.

    14,070        1,077,199   

LyondellBasell Industries NV - Class A

    14,950        1,329,653   

PPG Industries, Inc.

    29,496        5,706,296   

Praxair, Inc.

    7,759        1,016,196   

Valspar Corp. (The) (a)

    2,600        187,512   
   

 

 

 
      10,546,014   
   

 

 

 

Commercial Services & Supplies—0.3%

  

Tyco International, Ltd.

    81,304        3,447,290   
   

 

 

 

Construction & Engineering—0.1%

  

Fluor Corp.

    12,387        962,841   
   

 

 

 

Consumer Finance—0.2%

  

American Express Co.

    13,777        1,240,343   

Discover Financial Services

    18,310        1,065,459   
   

 

 

 
      2,305,802   
   

 

 

 

Containers & Packaging—0.2%

  

Crown Holdings, Inc. (b)

    17,010        761,028   

Packaging Corp. of America

    13,660        961,254   
   

 

 

 
      1,722,282   
   

 

 

 

Diversified Financial Services—0.2%

  

McGraw Hill Financial, Inc.

    10,657        813,129   

Moody’s Corp.

    7,553        599,104   

NASDAQ OMX Group, Inc. (The)

    25,861        955,305   
   

 

 

 
      2,367,538   
   

 

 

 

Diversified Telecommunication Services—2.1%

  

AT&T, Inc. (a)

    81,940        2,873,636   

Bezeq The Israeli Telecommunication Corp., Ltd.

    266,360        474,316   

CenturyLink, Inc. (a)

    65,824        2,161,660   

Frontier Communications Corp. (a)

    624,710        3,560,847   

TDC A/S

    172,385        1,593,266   

Telecom Italia S.p.A. - Risparmio Shares

    965,723        904,559   

Telefonica Brasil S.A. (ADR) (a)

    44,720        949,853   

Verizon Communications, Inc.

    170,207        8,096,747   

Windstream Holdings, Inc. (a)

    65,400        538,896   
   

 

 

 
      21,153,780   
   

 

 

 

Electric Utilities—0.8%

  

American Electric Power Co., Inc.

    50,260        2,546,171   

Duke Energy Corp.

    21,753        1,549,249   

Edison International

    11,910        674,225   

PPL Corp.

    93,942        3,113,238   
   

 

 

 
      7,882,883   
   

 

 

 

Electrical Equipment—0.3%

  

Eaton Corp. plc

    46,507        3,493,606   
   

 

 

 

Electronic Equipment, Instruments & Components—0.1%

  

Hoya Corp.

    34,300        1,072,393   
   

 

 

 

 

MSF-123


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—0.4%

  

Ensco plc - Class A (a)

    39,350      $ 2,076,893   

Noble Corp. plc

    31,494        1,031,114   

Schlumberger, Ltd.

    10,837        1,056,607   
   

 

 

 
      4,164,614   
   

 

 

 

Food & Staples Retailing—1.5%

  

CVS Caremark Corp.

    133,693        10,008,258   

Kroger Co. (The)

    100,200        4,373,730   

Walgreen Co.

    15,593        1,029,606   
   

 

 

 
      15,411,594   
   

 

 

 

Food Products—2.0%

  

Danone S.A. (a)

    39,371        2,784,835   

General Mills, Inc.

    123,250        6,386,815   

Ingredion, Inc. (a)

    12,000        816,960   

Kellogg Co.

    9,573        600,323   

Kraft Foods Group, Inc.

    6,313        354,159   

Marine Harvest ASA

    48,920        554,356   

Mondelez International, Inc. - Class A

    34,094        1,177,948   

Nestle S.A.

    86,305        6,502,983   

Tyson Foods, Inc. - Class A

    37,430        1,647,294   
   

 

 

 
      20,825,673   
   

 

 

 

Health Care Equipment & Supplies—1.5%

  

Abbott Laboratories

    127,809        4,921,924   

Covidien plc

    56,951        4,195,011   

Medtronic, Inc.

    38,850        2,390,829   

St. Jude Medical, Inc.

    54,764        3,581,018   
   

 

 

 
      15,088,782   
   

 

 

 

Health Care Providers & Services—0.8%

  

AmerisourceBergen Corp.

    16,123        1,057,507   

Cardinal Health, Inc.

    47,700        3,338,046   

Express Scripts Holding Co. (b)

    46,580        3,497,692   

Quest Diagnostics, Inc. (a)

    12,717        736,569   
   

 

 

 
      8,629,814   
   

 

 

 

Hotels, Restaurants & Leisure—0.5%

  

Hilton Worldwide Holdings, Inc. (b)

    15,410        342,718   

McDonald’s Corp.

    32,486        3,184,603   

Wynn Resorts, Ltd. (a)

    7,604        1,689,229   
   

 

 

 
      5,216,550   
   

 

 

 

Household Products—0.7%

  

Procter & Gamble Co. (The)

    68,562        5,526,097   

Reckitt Benckiser Group plc

    14,227        1,159,470   
   

 

 

 
      6,685,567   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

NRG Energy, Inc.

    30,744        977,659   
   

 

 

 

Industrial Conglomerates—1.7%

  

3M Co.

    56,396        7,650,681   

Danaher Corp.

    100,357        7,526,775   

Industrial Conglomerates—(Continued)

  

Siemens AG

    13,053      1,756,646   
   

 

 

 
      16,934,102   
   

 

 

 

Insurance—3.6%

  

ACE, Ltd.

    56,771        5,623,735   

American International Group, Inc.

    16,150        807,661   

Aon plc

    41,463        3,494,502   

Chubb Corp. (The)

    26,410        2,358,413   

Delta Lloyd NV

    92,340        2,562,812   

Everest Re Group, Ltd.

    9,981        1,527,592   

Prudential Financial, Inc.

    79,547        6,733,654   

Travelers Cos., Inc. (The)

    111,690        9,504,819   

Validus Holdings, Ltd.

    68,150        2,569,936   

Zurich Insurance Group AG (b)

    7,027        2,159,407   
   

 

 

 
      37,342,531   
   

 

 

 

Internet Software & Services—0.6%

  

Facebook, Inc. - Class A (b)

    56,150        3,382,476   

Google, Inc. - Class A (b)

    2,661        2,965,711   
   

 

 

 
      6,348,187   
   

 

 

 

IT Services—1.6%

  

Accenture plc - Class A

    62,693        4,997,886   

Fidelity National Information Services, Inc.

    10,657        569,617   

Fiserv, Inc. (b)

    19,194        1,088,108   

International Business Machines Corp.

    31,804        6,121,952   

Visa, Inc. - Class A Shares

    12,258        2,646,012   

Western Union Co. (The) (a)

    33,790        552,804   
   

 

 

 
      15,976,379   
   

 

 

 

Leisure Products—0.2%

  

Hasbro, Inc. (a)

    34,568        1,922,672   

Mattel, Inc.

    10,740        430,781   
   

 

 

 
      2,353,453   
   

 

 

 

Life Sciences Tools & Services—0.5%

  

Thermo Fisher Scientific, Inc.

    46,350        5,573,124   
   

 

 

 

Machinery—1.0%

  

Cummins, Inc.

    23,494        3,500,371   

Illinois Tool Works, Inc.

    30,273        2,462,103   

Pentair, Ltd.

    24,472        1,941,609   

Stanley Black & Decker, Inc.

    27,410        2,226,788   
   

 

 

 
      10,130,871   
   

 

 

 

Media—3.0%

  

Comcast Corp. - Special Class A (a)

    178,730        8,714,875   

Omnicom Group, Inc.

    49,251        3,575,623   

Regal Entertainment Group - Class A (a)

    30,220        564,510   

Time Warner Cable, Inc.

    42,580        5,841,124   

Time Warner, Inc.

    44,183        2,886,475   

Twenty-First Century Fox, Inc. - Class A (a)

    37,213        1,189,700   

Viacom, Inc. - Class B

    19,947        1,695,295   

Walt Disney Co. (The)

    80,701        6,461,729   
   

 

 

 
      30,929,331   
   

 

 

 

 

MSF-124


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Metals & Mining—0.3%

  

Rio Tinto plc

    18,890      $ 1,053,488   

Vale S.A. (ADR) (a)

    129,870        1,796,102   
   

 

 

 
      2,849,590   
   

 

 

 

Multi-Utilities—0.8%

  

E.ON SE

    103,194        2,017,148   

GDF Suez

    91,548        2,508,599   

PG&E Corp. (a)

    41,550        1,794,960   

Public Service Enterprise Group, Inc.

    40,090        1,529,033   
   

 

 

 
      7,849,740   
   

 

 

 

Multiline Retail—1.1%

  

Kohl’s Corp. (a)

    38,090        2,163,512   

Macy’s, Inc.

    58,730        3,482,102   

Target Corp.

    87,320        5,283,733   
   

 

 

 
      10,929,347   
   

 

 

 

Oil, Gas & Consumable Fuels—5.0%

  

Anadarko Petroleum Corp.

    29,034        2,460,922   

Apache Corp.

    37,014        3,070,311   

Canadian Natural Resources, Ltd.

    27,087        1,039,328   

Chevron Corp.

    67,410        8,015,723   

EOG Resources, Inc.

    4,204        824,699   

EQT Corp.

    16,873        1,636,175   

Exxon Mobil Corp.

    149,664        14,619,180   

Marathon Petroleum Corp.

    22,570        1,964,493   

Noble Energy, Inc.

    46,462        3,300,661   

Occidental Petroleum Corp.

    47,944        4,568,584   

Petroleo Brasileiro S.A. (ADR)

    97,620        1,353,989   

Royal Dutch Shell plc - A Shares

    82,538        3,017,033   

Valero Energy Corp.

    67,320        3,574,692   

Williams Cos., Inc. (The)

    50,380        2,044,420   
   

 

 

 
      51,490,210   
   

 

 

 

Pharmaceuticals—4.9%

  

Actavis plc (b)

    7,680        1,580,928   

Bayer AG

    9,876        1,335,597   

Bristol-Myers Squibb Co.

    82,060        4,263,017   

Eli Lilly & Co.

    54,610        3,214,345   

GlaxoSmithKline plc

    64,505        1,718,390   

Johnson & Johnson

    148,178        14,555,525   

Merck & Co., Inc.

    85,633        4,861,385   

Novartis AG

    7,480        635,317   

Pfizer, Inc.

    514,153        16,514,594   

Roche Holding AG

    2,147        645,359   

Valeant Pharmaceuticals International,
Inc. (b)

    8,750        1,153,513   

Zoetis, Inc.

    4,324        125,137   
   

 

 

 
      50,603,107   
   

 

 

 

Real Estate Investment Trusts—0.6%

  

American Capital Agency Corp.

    17,470        375,430   

Annaly Capital Management, Inc. (a)

    110,020        1,206,919   

Corio NV

    22,474        1,027,818   

Digital Realty Trust, Inc. (a)

    43,320        2,299,426   

Real Estate Investment Trusts—(Continued)

  

EPR Properties (a)

    15,550      830,215   
   

 

 

 
      5,739,808   
   

 

 

 

Road & Rail—0.2%

  

Canadian National Railway Co.

    22,256        1,251,232   

Union Pacific Corp.

    5,566        1,044,516   
   

 

 

 
      2,295,748   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.9%

  

Intel Corp.

    90,180        2,327,546   

Microchip Technology, Inc. (a)

    106,550        5,088,828   

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    71,910        1,439,638   
   

 

 

 
      8,856,012   
   

 

 

 

Software—1.2%

  

CA, Inc.

    42,260        1,308,792   

Microsoft Corp.

    73,470        3,011,535   

Oracle Corp.

    130,937        5,356,633   

Symantec Corp.

    113,250        2,261,603   
   

 

 

 
      11,938,563   
   

 

 

 

Specialty Retail—0.3%

  

Advance Auto Parts, Inc.

    9,360        1,184,040   

Bed Bath & Beyond, Inc. (b)

    7,890        542,832   

Staples, Inc. (a)

    134,294        1,522,894   
   

 

 

 
      3,249,766   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.1%

  

Apple, Inc.

    2,475        1,328,432   

EMC Corp.

    38,600        1,058,026   

Hewlett-Packard Co. (a)

    240,323        7,776,852   

Western Digital Corp.

    12,150        1,115,613   
   

 

 

 
      11,278,923   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.1%

  

Hanesbrands, Inc.

    15,550        1,189,264   
   

 

 

 

Tobacco—2.9%

  

Altria Group, Inc.

    99,156        3,711,409   

Imperial Tobacco Group plc

    9,977        403,472   

Japan Tobacco, Inc.

    49,400        1,549,001   

Lorillard, Inc.

    152,470        8,245,578   

Philip Morris International, Inc.

    190,265        15,576,995   
   

 

 

 
      29,486,455   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Vodafone Group plc

    355,529        1,308,900   
   

 

 

 

Total Common Stocks
(Cost $433,586,803)

      605,891,615   
   

 

 

 

 

MSF-125


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—24.6%

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—12.0%

  

Fannie Mae 15 Yr. Pool
2.500%, 02/01/28

    456,854      $ 457,043   

2.500%, 05/01/28

    276,786        276,900   

3.000%, 03/01/27

    196,345        201,887   

3.000%, 04/01/27

    600,610        617,569   

3.000%, TBA (c)

    4,000,000        4,097,500   

4.500%, 04/01/18

    40,215        42,607   

4.500%, 06/01/18

    105,970        112,273   

4.500%, 07/01/18

    92,086        97,573   

4.500%, 03/01/19

    138,551        146,817   

4.500%, 06/01/19

    92,267        97,793   

4.500%, 04/01/20

    89,080        94,532   

4.500%, 07/01/20

    46,514        49,310   

5.000%, 11/01/17

    89,743        95,434   

5.000%, 02/01/18

    257,815        274,221   

5.000%, 07/01/19

    193,801        207,370   

5.000%, 07/01/20

    146,105        157,123   

5.000%, 12/01/20

    219,946        236,494   

5.500%, 11/01/17

    143,337        152,644   

5.500%, 12/01/17

    20,419        21,731   

5.500%, 01/01/18

    118,145        125,833   

5.500%, 02/01/18

    84,567        90,060   

5.500%, 06/01/19

    197,976        212,658   

5.500%, 07/01/19

    164,811        176,454   

5.500%, 08/01/19

    48,079        51,643   

5.500%, 09/01/19

    164,732        176,962   

5.500%, 01/01/21

    73,409        79,768   

5.500%, 03/01/21

    24,814        26,994   

6.000%, 07/01/16

    31,461        32,432   

6.000%, 01/01/17

    22,249        23,124   

6.000%, 02/01/17

    60,115        63,197   

6.000%, 08/01/17

    9,575        10,063   

6.000%, 09/01/17

    84,561        88,459   

6.000%, 03/01/18

    9,645        10,206   

6.000%, 11/01/18

    54,670        57,854   

6.000%, 01/01/21

    89,293        95,921   

6.000%, 05/01/21

    31,915        34,140   

Fannie Mae 20 Yr. Pool
6.000%, 11/01/25

    43,554        48,825   

Fannie Mae 30 Yr. Pool
3.500%, 11/01/41

    134,493        135,474   

3.500%, 01/01/42

    1,137,835        1,146,323   

3.500%, 04/01/43

    1,304,567        1,313,506   

3.500%, 05/01/43

    2,644,160        2,662,047   

3.500%, 06/01/43

    837,470        843,135   

3.500%, 07/01/43

    2,100,862        2,115,075   

3.500%, 09/01/43

    3,254,171        3,276,186   

4.000%, 02/01/41

    265,551        276,016   

4.000%, TBA (c)

    11,440,000        11,849,337   

4.500%, 08/01/33

    393,544        421,115   

4.500%, 03/01/34

    1,215,234        1,300,190   

4.500%, 08/01/40

    99,794        106,956   

4.500%, 02/01/41

    552,751        592,588   

4.500%, 04/01/41

    584,192        626,523   

4.500%, TBA (c)

    4,439,000        4,719,212   

5.000%, 11/01/33

    224,314        245,680   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
5.000%, 03/01/34

    188,381      206,336   

5.000%, 05/01/34

    82,010        89,673   

5.000%, 08/01/34

    82,269        89,870   

5.000%, 09/01/34

    301,857        329,706   

5.000%, 06/01/35

    217,940        237,366   

5.000%, 07/01/35

    654,296        713,838   

5.000%, 08/01/35

    209,096        228,036   

5.000%, 09/01/35

    143,323        156,371   

5.000%, 10/01/35

    606,003        661,187   

5.000%, 07/01/39

    700,301        768,740   

5.000%, 10/01/39

    433,240        475,371   

5.000%, 11/01/39

    157,178        172,657   

5.000%, 11/01/40

    211,729        231,665   

5.000%, 01/01/41

    93,147        102,070   

5.000%, 03/01/41

    130,897        143,567   

5.500%, 02/01/33

    114,925        127,669   

5.500%, 05/01/33

    17,160        19,061   

5.500%, 06/01/33

    363,678        405,387   

5.500%, 11/01/33

    228,772        254,318   

5.500%, 12/01/33

    48,091        53,482   

5.500%, 01/01/34

    179,153        199,044   

5.500%, 02/01/34

    348,245        386,730   

5.500%, 03/01/34

    88,944        100,077   

5.500%, 04/01/34

    103,370        114,860   

5.500%, 05/01/34

    649,415        724,119   

5.500%, 06/01/34

    737,605        820,382   

5.500%, 07/01/34

    288,522        320,683   

5.500%, 09/01/34

    930,748        1,032,362   

5.500%, 10/01/34

    1,197,726        1,329,206   

5.500%, 11/01/34

    1,306,722        1,445,092   

5.500%, 12/01/34

    702,045        779,630   

5.500%, 01/01/35

    643,948        715,129   

5.500%, 02/01/35

    62,049        69,016   

5.500%, 04/01/35

    116,158        128,877   

5.500%, 07/01/35

    86,296        95,847   

5.500%, 08/01/35

    46,611        51,791   

5.500%, 09/01/35

    380,601        422,891   

6.000%, 02/01/32

    234,356        263,683   

6.000%, 03/01/34

    43,260        48,865   

6.000%, 04/01/34

    414,837        465,828   

6.000%, 06/01/34

    498,625        556,367   

6.000%, 07/01/34

    482,763        542,835   

6.000%, 08/01/34

    818,559        916,164   

6.000%, 10/01/34

    406,415        456,410   

6.000%, 11/01/34

    53,787        60,459   

6.000%, 12/01/34

    39,633        44,425   

6.000%, 08/01/35

    93,935        105,247   

6.000%, 09/01/35

    140,848        158,140   

6.000%, 10/01/35

    220,639        248,598   

6.000%, 11/01/35

    41,798        46,704   

6.000%, 12/01/35

    244,934        274,901   

6.000%, 02/01/36

    242,945        272,764   

6.000%, 04/01/36

    283,737        318,702   

6.000%, 06/01/36

    104,526        117,026   

6.000%, 07/01/37

    275,177        307,386   

 

MSF-126


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
6.500%, 06/01/31

    77,059      $ 86,755   

6.500%, 07/01/31

    23,038        25,867   

6.500%, 08/01/31

    16,001        17,977   

6.500%, 09/01/31

    69,747        78,242   

6.500%, 02/01/32

    44,399        49,807   

6.500%, 07/01/32

    44,668        52,209   

6.500%, 08/01/32

    181,570        204,300   

6.500%, 01/01/33

    77,309        87,973   

6.500%, 04/01/34

    114,398        128,448   

6.500%, 06/01/34

    36,989        41,551   

6.500%, 08/01/34

    93,204        104,721   

6.500%, 04/01/36

    27,247        30,624   

6.500%, 05/01/36

    146,368        166,866   

6.500%, 02/01/37

    266,641        299,115   

6.500%, 05/01/37

    151,812        170,347   

6.500%, 07/01/37

    154,318        173,130   

7.500%, 10/01/29

    16,542        18,041   

7.500%, 02/01/30

    15,340        18,291   

7.500%, 11/01/31

    83,105        98,084   

7.500%, 02/01/32

    19,540        23,413   

Fannie Mae Pool
2.410%, 05/01/23

    98,609        94,103   

2.550%, 05/01/23

    158,697        153,041   

3.800%, 02/01/18

    138,722        147,543   

3.849%, 07/01/18

    193,017        207,915   

3.910%, 02/01/18

    201,178        216,406   

4.600%, 09/01/19

    133,468        146,799   

4.718%, 08/01/14

    165,503        165,981   

4.880%, 03/01/20

    268,002        290,503   

4.940%, 08/01/15

    50,000        51,723   

5.000%, 12/01/18

    341,522        363,271   

5.000%, 08/01/20

    63,963        68,788   

5.370%, 05/01/18

    624,109        702,760   

5.463%, 11/01/15

    377,840        397,072   

5.500%, 07/01/33

    366,272        407,298   

5.500%, 01/01/34

    84,344        93,739   

5.663%, 02/01/16

    207,738        221,615   

5.732%, 07/01/16

    239,557        261,441   

6.000%, 07/01/17

    88,008        92,430   

6.500%, 07/01/32

    142,829        161,286   

Fannie Mae-ACES
2.578%, 09/25/18

    500,000        515,465   

Freddie Mac 15 Yr. Gold Pool
4.500%, 05/01/18

    41,125        43,481   

4.500%, 08/01/18

    90,940        96,154   

4.500%, 11/01/18

    104,115        110,071   

4.500%, 01/01/19

    202,029        213,666   

4.500%, 08/01/19

    10,641        11,257   

4.500%, 02/01/20

    75,110        79,612   

4.500%, 08/01/24

    627,683        671,958   

5.000%, 12/01/17

    2,903        3,078   

5.000%, 05/01/18

    38,372        40,685   

5.000%, 09/01/18

    108,401        114,971   

5.500%, 01/01/19

    36,499        38,854   

5.500%, 04/01/19

    16,352        17,406   

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool
5.500%, 06/01/19

    13,454      14,325   

5.500%, 07/01/19

    18,548        19,746   

5.500%, 08/01/19

    13,221        14,075   

5.500%, 02/01/20

    9,871        10,620   

6.000%, 04/01/16

    3,523        3,631   

6.000%, 04/01/17

    21,735        22,834   

6.000%, 07/01/17

    15,348        15,938   

6.000%, 10/01/17

    18,394        19,133   

6.000%, 08/01/19

    119,593        127,609   

6.000%, 09/01/19

    17,354        18,396   

6.000%, 11/01/19

    51,801        54,875   

6.000%, 05/01/21

    50,865        54,647   

6.000%, 10/01/21

    77,330        83,155   

Freddie Mac 20 Yr. Gold Pool
5.500%, 10/01/24

    100,657        111,434   

5.500%, 06/01/25

    191,170        211,997   

5.500%, 07/01/25

    100,078        111,060   

5.500%, 08/01/25

    143,927        159,657   

6.000%, 02/01/23

    156,148        173,384   

6.000%, 12/01/25

    67,317        74,755   

6.000%, 02/01/26

    54,357        60,319   

Freddie Mac 30 Yr. Gold Pool
3.000%, 10/01/42

    1,912,663        1,846,565   

3.000%, 04/01/43

    1,937,351        1,871,313   

3.000%, 05/01/43

    1,727,716        1,668,874   

3.500%, 02/01/42

    959,028        964,964   

3.500%, 04/01/42

    557,970        562,272   

3.500%, 12/01/42

    1,551,798        1,561,902   

3.500%, 04/01/43

    409,676        412,348   

3.500%, 07/01/43

    586,370        589,760   

3.500%, 08/01/43

    964,119        969,695   

4.000%, 11/01/40

    1,495,803        1,552,405   

4.000%, 01/01/41

    2,058,057        2,136,055   

4.000%, 11/01/43

    1,685,472        1,749,251   

4.000%, TBA (c)

    2,733,000        2,825,345   

4.500%, 04/01/35

    68,272        73,069   

4.500%, 07/01/39

    607,085        647,417   

4.500%, 09/01/39

    303,767        323,917   

4.500%, 10/01/39

    183,282        195,451   

5.000%, 09/01/33

    463,276        505,239   

5.000%, 03/01/34

    106,654        117,450   

5.000%, 04/01/34

    80,583        87,863   

5.000%, 08/01/35

    120,540        131,101   

5.000%, 10/01/35

    225,620        247,123   

5.000%, 11/01/35

    218,774        237,814   

5.000%, 12/01/36

    141,045        153,426   

5.000%, 07/01/39

    1,060,825        1,152,138   

5.500%, 12/01/33

    471,617        526,001   

5.500%, 01/01/34

    325,637        360,787   

5.500%, 04/01/34

    97,513        108,751   

5.500%, 11/01/34

    79,367        87,909   

5.500%, 12/01/34

    121,480        134,603   

5.500%, 05/01/35

    45,980        50,948   

5.500%, 09/01/35

    103,888        114,951   

5.500%, 10/01/35

    138,332        153,130   

 

MSF-127


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
6.000%, 04/01/34

    137,649      $ 154,925   

6.000%, 07/01/34

    63,507        71,330   

6.000%, 08/01/34

    546,120        614,239   

6.000%, 09/01/34

    7,570        8,412   

6.000%, 07/01/35

    98,060        110,207   

6.000%, 08/01/35

    104,375        117,308   

6.000%, 11/01/35

    235,668        264,524   

6.000%, 03/01/36

    122,368        137,207   

6.000%, 10/01/36

    126,148        142,056   

6.000%, 03/01/37

    16,439        18,227   

6.000%, 05/01/37

    133,543        148,068   

6.000%, 06/01/37

    180,535        201,776   

6.500%, 05/01/34

    36,870        41,387   

6.500%, 06/01/34

    90,131        101,164   

6.500%, 08/01/34

    241,255        270,732   

6.500%, 10/01/34

    165,130        187,238   

6.500%, 11/01/34

    48,061        53,936   

6.500%, 05/01/37

    129,902        146,810   

6.500%, 07/01/37

    215,957        243,608   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.426%, 08/25/17

    250,000        251,242   

1.869%, 11/25/19

    363,000        354,584   

2.303%, 09/25/18

    176,087        179,137   

2.412%, 08/25/18

    458,000        468,969   

2.682%, 10/25/22

    620,000        602,720   

3.034%, 10/25/20 (d)

    319,000        328,643   

3.154%, 02/25/18

    118,000        124,462   

3.320%, 02/25/23 (d)

    186,000        188,566   

3.458%, 08/25/23 (d)

    835,000        851,188   

3.808%, 08/25/20

    1,030,000        1,102,149   

3.882%, 11/25/17 (d)

    332,556        356,380   

5.085%, 03/25/19

    1,226,000        1,382,418   

Ginnie Mae I 30 Yr. Pool
3.000%, 02/15/43

    721,587        710,898   

3.500%, 12/15/41

    444,147        454,941   

3.500%, 02/15/42

    290,742        297,179   

4.500%, 09/15/33

    165,372        179,713   

4.500%, 11/15/39

    705,288        761,344   

4.500%, 03/15/40

    583,219        633,151   

4.500%, 04/15/40

    866,162        939,005   

4.500%, 06/15/40

    342,052        371,605   

5.000%, 03/15/34

    61,848        68,191   

5.000%, 06/15/34

    107,858        118,919   

5.000%, 12/15/34

    61,752        68,027   

5.000%, 06/15/35

    20,547        22,469   

5.500%, 11/15/32

    230,572        255,426   

5.500%, 08/15/33

    455,992        510,267   

5.500%, 12/15/33

    280,704        317,382   

5.500%, 09/15/34

    200,501        224,283   

5.500%, 10/15/35

    48,804        54,616   

6.000%, 12/15/28

    60,859        69,412   

6.000%, 12/15/31

    76,948        88,596   

6.000%, 03/15/32

    3,954        4,431   

6.000%, 10/15/32

    241,319        277,773   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
6.000%, 01/15/33

    84,294      94,485   

6.000%, 02/15/33

    2,764        3,095   

6.000%, 04/15/33

    295,395        340,073   

6.000%, 08/15/33

    1,669        1,869   

6.000%, 07/15/34

    196,010        225,146   

6.000%, 09/15/34

    71,084        79,608   

6.000%, 01/15/38

    268,344        303,548   

Ginnie Mae II 30 Yr. Pool
3.000%, 06/20/43

    1,515,454        1,494,126   

3.000%, 07/20/43

    681,147        671,560   

3.500%, 06/20/43

    2,143,924        2,191,019   

3.500%, 07/20/43

    2,375,597        2,427,878   

4.000%, 01/20/41

    2,075,012        2,184,579   

4.000%, 02/20/41

    511,965        538,972   

4.000%, 04/20/41

    385,506        405,826   

4.000%, 02/20/42

    572,538        602,441   

4.500%, 07/20/33

    32,901        35,788   

4.500%, 09/20/33

    22,552        24,531   

4.500%, 12/20/34

    18,559        20,186   

4.500%, 03/20/35

    107,182        116,583   

4.500%, 01/20/41

    568,580        614,619   

4.500%, TBA (c)

    1,061,000        1,140,741   

5.000%, 07/20/33

    75,701        83,255   

6.000%, 01/20/35

    77,852        89,605   

6.000%, 02/20/35

    39,491        45,980   

6.000%, 04/20/35

    60,235        67,732   
   

 

 

 
      122,889,432   
   

 

 

 

Federal Agencies—0.1%

  

Financing Corp.
9.650%, 11/02/18

    430,000        577,304   
   

 

 

 

U.S. Treasury—12.5%

  

U.S. Treasury Bonds
4.500%, 02/15/36

    293,000        343,909   

4.500%, 08/15/39

    20,492,000        24,103,715   

5.000%, 05/15/37

    232,000        291,378   

5.250%, 02/15/29

    16,000        20,018   

5.375%, 02/15/31

    887,000        1,134,667   

6.250%, 08/15/23 (a)

    80,000        104,425   

8.500%, 02/15/20 (a)

    1,104,000        1,506,702   

U.S. Treasury Notes
0.375%, 02/15/16 (a)

    15,736,100        15,735,486   

0.875%, 12/31/16 (a)

    16,276,000        16,314,151   

2.125%, 05/31/15 (a)

    28,228,000        28,869,735   

2.625%, 02/29/16 (a)

    800,000        834,000   

2.750%, 02/15/19 (a)

    2,524,100        2,649,714   

3.125%, 05/15/19

    6,086,000        6,491,577   

3.125%, 05/15/21 (a)

    16,470,000        17,347,538   

3.500%, 05/15/20

    7,140,000        7,735,183   

3.750%, 11/15/18 (a)

    2,067,000        2,265,949   

4.125%, 05/15/15

    125,000        130,532   

4.750%, 08/15/17 (a)

    2,444,000        2,740,335   
   

 

 

 
      128,619,014   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $249,351,104)

      252,085,750   
   

 

 

 

 

MSF-128


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—11.8%

 

Security Description   Principal
Amount*
    Value  

Aerospace/Defense—0.1%

  

BAE Systems Holdings, Inc.
5.200%, 08/15/15 (144A)

    756,000      $ 798,131   

United Technologies Corp.
3.100%, 06/01/22

    420,000        419,256   
   

 

 

 
      1,217,387   
   

 

 

 

Agriculture—0.2%

  

Altria Group, Inc.
2.850%, 08/09/22

    1,020,000        957,170   

BAT International Finance plc
3.250%, 06/07/22 (144A)

    1,026,000        1,006,831   
   

 

 

 
      1,964,001   
   

 

 

 

Auto Manufacturers—0.2%

  

Toyota Motor Credit Corp.
3.200%, 06/17/15

    630,000        650,184   

3.400%, 09/15/21

    880,000        905,447   

Volkswagen International Finance NV
2.375%, 03/22/17 (144A)

    857,000        881,596   
   

 

 

 
      2,437,227   
   

 

 

 

Banks—3.4%

  

Achmea Hypotheekbank NV
3.200%, 11/03/14 (144A)

    541,000        550,197   

Banco Bradesco S.A.
6.750%, 09/29/19 (144A)

    613,000        691,157   

Banco de Credito del Peru
5.375%, 09/16/20

    835,000        884,056   

Bank of America Corp.
4.100%, 07/24/23

    1,270,000        1,288,181   

4.125%, 01/22/24

    1,973,000        1,995,234   

5.490%, 03/15/19

    196,000        217,706   

7.375%, 05/15/14

    510,000        514,104   

7.625%, 06/01/19

    710,000        873,848   

Bank of Tokyo-Mitsubishi UFJ, Ltd. (The)
4.100%, 09/09/23 (144A)

    890,000        921,194   

Bank One Corp.
8.000%, 04/29/27

    100,000        130,864   

BBVA Bancomer S.A.
6.750%, 09/30/22 (144A) (a)

    810,000        886,950   

BNP Paribas S.A.
7.195%, 06/25/37 (144A) (a) (d)

    500,000        533,750   

BPCE S.A.
12.500%, 09/30/19 (144A) (a) (d)

    922,000        1,189,380   

Capital One Financial Corp.
6.150%, 09/01/16

    1,330,000        1,484,293   

Citigroup, Inc.
2.500%, 09/26/18 (a)

    580,000        583,149   

5.000%, 09/15/14

    1,105,000        1,126,398   

Commonwealth Bank of Australia
5.000%, 10/15/19 (144A)

    710,000        791,643   

Credit Suisse
5.500%, 05/01/14

    950,000        953,883   

Banks—(Continued)

  

Credit Suisse AG
6.500%, 08/08/23 (144A)

    830,000      910,925   

Discover Bank
4.200%, 08/08/23

    510,000        522,897   

Goldman Sachs Group, Inc. (The)
5.625%, 01/15/17

    1,351,000        1,491,454   

HSBC Holdings plc
5.100%, 04/05/21

    679,000        759,193   

5.250%, 03/14/44

    233,000        235,599   

ING Bank NV
3.750%, 03/07/17 (144A)

    829,000        881,273   

5.800%, 09/25/23 (144A)

    1,076,000        1,147,497   

JPMorgan Chase & Co.
3.200%, 01/25/23

    1,272,000        1,233,420   

3.250%, 09/23/22

    262,000        258,094   

6.300%, 04/23/19

    1,210,000        1,422,575   

KFW
4.875%, 06/17/19

    1,290,000        1,472,961   

Morgan Stanley
6.625%, 04/01/18

    2,030,000        2,366,495   

PNC Funding Corp.
5.625%, 02/01/17

    1,080,000        1,195,610   

Royal Bank of Scotland Group plc
2.550%, 09/18/15

    247,000        252,239   

Santander U.S. Debt S.A.
3.781%, 10/07/15 (144A)

    500,000        517,128   

SunTrust Banks, Inc.
2.350%, 11/01/18

    448,000        448,160   

Svenska Handelsbanken AB
4.875%, 06/10/14 (144A)

    970,000        978,229   

Swedbank AB
2.125%, 09/29/17 (144A)

    231,000        233,458   

US Bancorp
3.700%, 01/30/24

    785,000        795,617   

Wachovia Corp.
5.250%, 08/01/14

    924,000        938,666   

Wells Fargo & Co.
2.100%, 05/08/17

    990,000        1,013,692   
   

 

 

 
      34,691,169   
   

 

 

 

Beverages—0.2%

  

Anheuser-Busch InBev Worldwide, Inc.
8.000%, 11/15/39

    1,020,000        1,533,307   

Diageo Capital plc
2.625%, 04/29/23

    1,020,000        950,791   
   

 

 

 
      2,484,098   
   

 

 

 

Biotechnology—0.0%

  

Gilead Sciences, Inc.
3.700%, 04/01/24

    312,000        312,131   
   

 

 

 

Commercial Services—0.1%

  

ERAC USA Finance LLC
7.000%, 10/15/37 (144A)

    1,115,000        1,402,293   
   

 

 

 

 

MSF-129


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Computers—0.0%

  

Apple, Inc.
3.850%, 05/04/43

    370,000      $ 328,116   
   

 

 

 

Diversified Financial Services—0.3%

  

American Express Co.
5.500%, 09/12/16

    960,000        1,062,953   

General Electric Capital Corp.
2.300%, 01/14/19

    940,000        948,430   

3.100%, 01/09/23 (a)

    481,000        470,683   

ZFS Finance USA Trust V
6.500%, 05/09/37 (144A) (d)

    491,000        526,597   
   

 

 

 
      3,008,663   
   

 

 

 

Electric—0.7%

  

MidAmerican Energy Holdings Co.
3.750%, 11/15/23 (144A)

    440,000        437,722   

Midamerican Funding, LLC
6.927%, 03/01/29

    699,000        870,119   

Oncor Electric Delivery Co. LLC
7.000%, 09/01/22

    795,000        988,032   

Pacific Gas & Electric Co.
4.600%, 06/15/43

    880,000        881,910   

PPL Capital Funding, Inc.
3.400%, 06/01/23 (a)

    880,000        851,334   

5.000%, 03/15/44

    296,000        299,862   

Progress Energy, Inc.
3.150%, 04/01/22

    1,083,000        1,063,858   

PSEG Power LLC
5.320%, 09/15/16

    989,000        1,089,353   

W3A Funding Corp.
8.090%, 01/02/17

    303,615        303,142   
   

 

 

 
      6,785,332   
   

 

 

 

Engineering & Construction—0.0%

   

ABB Finance USA, Inc.
2.875%, 05/08/22

    309,000        300,494   
   

 

 

 

Food—0.2%

   

ConAgra Foods, Inc.
3.200%, 01/25/23

    516,000        492,819   

Kraft Foods Group, Inc.
3.500%, 06/06/22

    412,000        414,484   

5.000%, 06/04/42

    640,000        670,178   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    248,000        248,717   
   

 

 

 
      1,826,198   
   

 

 

 

Healthcare-Products—0.3%

  

Baxter International, Inc.
3.200%, 06/15/23

    610,000        595,015   

CareFusion Corp.
6.375%, 08/01/19

    1,110,000        1,267,209   

Hospira, Inc.
6.050%, 03/30/17

    979,000        1,083,687   
   

 

 

 
      2,945,911   
   

 

 

 

Healthcare-Services—0.2%

  

Roche Holdings, Inc.
6.000%, 03/01/19 (144A)

    894,000      1,050,325   

WellPoint, Inc.
3.300%, 01/15/23

    600,000        575,390   
   

 

 

 
      1,625,715   
   

 

 

 

Household Products/Wares—0.1%

  

Reckitt Benckiser Treasury Services plc
3.625%, 09/21/23 (144A)

    1,070,000        1,076,875   
   

 

 

 

Insurance—0.7%

  

ACE INA Holdings, Inc.
2.700%, 03/13/23

    1,000,000        945,324   

Allstate Corp. (The)
5.750%, 08/15/53 (d)

    318,000        333,900   

American International Group, Inc.
4.125%, 02/15/24

    750,000        765,880   

4.875%, 06/01/22

    1,770,000        1,938,189   

Chubb Corp. (The)
6.375%, 03/29/67 (d)

    1,510,000        1,676,100   

Liberty Mutual Group, Inc.
4.250%, 06/15/23 (144A)

    578,000        586,581   

Marsh & McLennan Cos., Inc.
4.800%, 07/15/21

    920,000        1,005,717   
   

 

 

 
      7,251,691   
   

 

 

 

Internet—0.1%

  

Baidu, Inc.
3.500%, 11/28/22 (a)

    1,110,000        1,056,836   

eBay, Inc.
1.350%, 07/15/17

    290,000        289,916   
   

 

 

 
      1,346,752   
   

 

 

 

Investment Company Security—0.2%

  

Temasek Financial I, Ltd.
2.375%, 01/23/23 (144A)

    1,790,000        1,648,200   
   

 

 

 

Iron/Steel—0.1%

  

Vale Overseas, Ltd.
4.625%, 09/15/20

    298,000        309,667   

6.875%, 11/10/39

    233,000        249,094   
   

 

 

 
      558,761   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

Atlas Copco AB
5.600%, 05/22/17 (144A)

    910,000        1,023,897   
   

 

 

 

Media—0.5%

  

21st Century Fox America, Inc.
8.500%, 02/23/25

    722,000        941,093   

Comcast Corp.
2.850%, 01/15/23 (a)

    990,000        954,451   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.
4.600%, 02/15/21

    550,000        580,285   

 

MSF-130


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

  

Discovery Communications LLC
4.875%, 04/01/43

    620,000      $ 603,936   

Time Warner Entertainment Co. L.P.
8.375%, 07/15/33

    1,240,000        1,708,827   
   

 

 

 
      4,788,592   
   

 

 

 

Mining—0.2%

  

Corp. Nacional del Cobre de Chile
3.750%, 11/04/20 (144A)

    290,000        293,347   

Freeport-McMoRan Copper & Gold, Inc.
3.875%, 03/15/23

    1,010,000        965,735   

Rio Tinto Finance USA plc
3.500%, 03/22/22

    900,000        900,341   
   

 

 

 
      2,159,423   
   

 

 

 

Miscellaneous Manufacturing—0.1%

  

General Electric Co.
2.700%, 10/09/22

    800,000        775,365   
   

 

 

 

Multi-National—0.2%

  

Asian Development Bank
1.125%, 03/15/17

    574,000        576,261   

2.750%, 05/21/14

    970,000        973,434   
   

 

 

 
      1,549,695   
   

 

 

 

Oil & Gas—1.2%

  

Apache Corp.
3.250%, 04/15/22

    421,000        424,636   

4.750%, 04/15/43

    321,000        322,694   

BP Capital Markets plc
4.500%, 10/01/20

    306,000        332,874   

4.742%, 03/11/21

    847,000        939,668   

CNOOC Finance 2012, Ltd.
3.875%, 05/02/22 (144A)

    1,010,000        992,812   

EOG Resources, Inc.
2.625%, 03/15/23

    302,000        285,312   

Hess Corp. 8.
125%, 02/15/19

    300,000        375,585   

Husky Energy, Inc.
5.900%, 06/15/14

    771,000        779,391   

7.250%, 12/15/19

    787,000        962,774   

Petro-Canada
6.050%, 05/15/18

    1,664,000        1,916,086   

Petroleos Mexicanos
3.125%, 01/23/19 (144A) (a) (e)

    352,000        360,448   

8.000%, 05/03/19

    759,000        925,980   

Ras Laffan Liquefied Natural Gas Co., Ltd. III 5.832%, 09/30/16 (144A)

    434,560        462,806   

Statoil ASA
7.750%, 06/15/23

    100,000        132,024   

Total Capital International S.A.
1.550%, 06/28/17

    1,239,000        1,251,184   

3.750%, 04/10/24 (a)

    910,000        929,383   

Oil & Gas—(Continued)

  

Transocean, Inc.
3.800%, 10/15/22 (a)

    505,000      482,784   
   

 

 

 
      11,876,441   
   

 

 

 

Pharmaceuticals—0.4%

  

AbbVie, Inc.
1.200%, 11/06/15

    1,850,000        1,865,788   

Express Scripts Holding Co.
2.650%, 02/15/17

    1,280,000        1,323,737   

Teva Pharmaceutical Finance IV B.V.
3.650%, 11/10/21

    1,270,000        1,272,111   
   

 

 

 
      4,461,636   
   

 

 

 

Pipelines—0.5%

  

Energy Transfer Partners L.P.
3.600%, 02/01/23

    558,000        533,716   

4.900%, 02/01/24

    450,000        468,339   

Enterprise Products Operating, LLC
6.500%, 01/31/19

    908,000        1,073,827   

Kinder Morgan Energy Partners L.P.
4.150%, 02/01/24 (a)

    691,000        686,867   

7.750%, 03/15/32

    625,000        788,591   

Spectra Energy Capital LLC
8.000%, 10/01/19

    1,253,000        1,535,322   
   

 

 

 
      5,086,662   
   

 

 

 

Real Estate—0.1%

  

WEA Finance, LLC
4.625%, 05/10/21 (144A)

    990,000        1,083,288   

6.750%, 09/02/19 (144A)

    262,000        314,947   
   

 

 

 
      1,398,235   
   

 

 

 

Real Estate Investment Trusts—0.4%

  

Boston Properties L.P.
5.000%, 06/01/15

    200,000        209,615   

ERP Operating L.P.
4.625%, 12/15/21

    896,000        968,651   

5.375%, 08/01/16

    260,000        285,788   

HCP, Inc.
5.375%, 02/01/21

    734,000        821,810   

Simon Property Group L.P.
5.875%, 03/01/17

    1,328,000        1,487,947   
   

 

 

 
      3,773,811   
   

 

 

 

Retail—0.4%

  

Gap, Inc. (The)
5.950%, 04/12/21

    620,000        698,071   

Home Depot, Inc. (The)
3.750%, 02/15/24

    600,000        612,926   

5.950%, 04/01/41

    278,000        337,351   

L Brands, Inc.
5.250%, 11/01/14

    370,000        377,863   

 

MSF-131


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Retail—(Continued)

  

Wal-Mart Stores, Inc.
5.250%, 09/01/35

    1,830,000      $ 2,064,449   
   

 

 

 
      4,090,660   
   

 

 

 

Telecommunications—0.6%

  

Crown Castle Towers, LLC
4.883%, 08/15/20 (144A)

    370,000        401,187   

6.113%, 01/15/20 (144A)

    711,000        815,026   

Rogers Communications, Inc.
6.800%, 08/15/18

    1,483,000        1,761,306   

Verizon Communications, Inc.
6.400%, 09/15/33

    1,271,000        1,508,991   

6.550%, 09/15/43

    1,700,000        2,068,789   
   

 

 

 
      6,555,299   
   

 

 

 

Transportation—0.0%

  

Norfolk Southern Corp.
4.837%, 10/01/41

    402,000        411,324   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $111,968,316)

      121,162,054   
   

 

 

 
Mortgage-Backed Securities—2.0%   

Collateralized Mortgage Obligations—0.1%

  

American Tower Trust I
3.070%, 03/15/48 (144A)

    1,000,000        955,921   

BlackRock Capital Finance L.P.
7.750%, 09/25/26 (144A) (e)

    55,576        6,532   
   

 

 

 
      962,453   
   

 

 

 

Commercial Mortgage-Backed Securities—1.9%

  

Credit Suisse Commercial Mortgage Trust
5.695%, 09/15/40 (d)

    1,735,738        1,915,441   

General Electric Capital Assurance Co.
5.743%, 05/12/35 (144A) (d) (e)

    35,000        39,668   

Greenwich Capital Commercial Funding Corp. 5.475%, 03/10/39

    3,025,000        3,254,192   

GS Mortgage Securities Trust
5.819%, 08/10/45 (d)

    3,225,235        3,576,515   

JP Morgan Chase Commercial Mortgage Securities Corp.
5.546%, 05/15/41 (d)

    81,311        81,216   

JP Morgan Chase Commercial Mortgage Securities Trust
5.475%, 04/15/43 (d)

    149,485        160,391   

5.815%, 06/15/49 (d)

    2,207,157        2,440,222   

Merrill Lynch / Countrywide Commercial Mortgage Trust
5.745%, 06/12/50 (d)

    3,700,015        4,092,820   

Morgan Stanley Capital I, Inc.
0.575%, 11/15/30 (144A) (d) (f)

    1,772,236        48,150   

Spirit Master Funding, LLC
5.050%, 07/20/23 (144A) (e)

    790,238        809,282   

Commercial Mortgage-Backed Securities—(Continued)

  

Wachovia Bank Commercial Mortgage Trust 5.724%, 06/15/49 (d)

    1,131,867      1,247,658   

5.953%, 02/15/51 (d)

    1,500,000        1,643,443   
   

 

 

 
      19,308,998   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $19,693,269)

      20,271,451   
   

 

 

 
Foreign Government—0.4%   

Sovereign—0.4%

   

Egypt Government AID Bonds
4.450%, 09/15/15

    1,903,000        2,015,220   

Iceland Government International Bond
4.875%, 06/16/16 (144A)

    970,000        1,022,137   

Mexico Government International Bond
4.750%, 03/08/44

    909,000        863,550   

Peruvian Government International Bond
7.350%, 07/21/25

    103,000        132,484   

Societe Financement de l’Economie Francaise
3.375%, 05/05/14 (144A)

    730,000        732,041   
   

 

 

 

Total Foreign Government
(Cost $4,721,342)

      4,765,432   
   

 

 

 
Asset-Backed Securities—0.4%   

Asset-Backed-Home Equity—0.2%

  

Bayview Financial Revolving Asset Trust
1.753%, 12/28/40 (144A) (d) (e)

    912,525        603,962   

GMAC Home Equity Loan Trust
5.805%, 10/25/36 (d)

    411,910        389,590   

Home Equity Loan Trust
5.320%, 12/25/35 (d)

    951,445        764,230   
   

 

 

 
      1,757,782   
   

 

 

 

Asset-Backed-Other—0.2%

  

Capital Trust Re CDO, Ltd.
5.160%, 06/25/35 (144A)

    44,345        45,492   

Race Point IV CLO, Ltd.
0.438%, 08/01/21 (144A) (d)

    705,628        698,729   

Small Business Administration Participation Certificates
4.350%, 07/01/23

    467,918        494,825   

4.770%, 04/01/24

    29,163        31,018   

4.950%, 03/01/25

    168,451        180,338   

4.990%, 09/01/24

    94,340        102,112   

5.110%, 08/01/25

    263,364        285,214   

5.180%, 05/01/24

    48,997        53,089   

5.520%, 06/01/24

    136,902        149,061   
   

 

 

 
      2,039,878   
   

 

 

 

Total Asset-Backed Securities
(Cost $4,225,118)

      3,797,660   
   

 

 

 

 

MSF-132


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Preferred Stocks—0.3%

 

Security Description   Shares/
Principal
Amount*
    Value  

Electric Utilities—0.2%

  

Cia Energetica de Minas Gerais

    277,552      $ 1,865,433   
   

 

 

 

Metals & Mining—0.1%

  

Vale S.A.

    102,500        1,280,686   
   

 

 

 

Total Preferred Stocks
(Cost $3,047,434)

      3,146,119   
   

 

 

 
Convertible Preferred Stocks—0.2%   

Aerospace & Defense—0.0%

  

United Technologies Corp.
7.500%, 08/01/15 (a)

    5,027        334,647   
   

 

 

 

Electric Utilities—0.2%

  

PPL Corp.
8.750%, 05/01/14

    27,620        1,510,814   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $1,793,766)

      1,845,461   
   

 

 

 
Municipals—0.1%   

New Jersey State Turnpike Authority
7.414%, 01/01/40
(Cost $1,092,733)

    1,050,000        1,472,510   
   

 

 

 
Short-Term Investments—12.0%   

Mutual Fund—8.9%

  

State Street Navigator Securities Lending MET Portfolio (g)

    90,963,597        90,963,597   
   

 

 

 

Repurchase Agreement—3.1%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $32,457,000 on 04/01/14, collateralized by $33,700,000 U.S. Treasury Note at 0.625% due 08/31/17 with a value of $33,108,141.

    32,457,000        32,457,000   
   

 

 

 

Total Short-Term Investments
(Cost $123,420,597)

      123,420,597   
   

 

 

 

Total Investments—110.9%
(Cost $952,900,482) (h)

      1,137,858,649   

Other assets and liabilities (net)—(10.9)%

      (112,167,983
   

 

 

 
Net Assets—100.0%     $ 1,025,690,666   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $90,376,823 and the collateral received consisted of cash in the amount of $90,963,597 and non-cash collateral with a value of $1,806,439. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(d) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(e) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of March 31, 2014, the market value of restricted securities was $1,819,892, which is 0.2% of net assets. See details shown in the Restricted Securities table that follows.
(f) Interest only security.
(g) Represents investment of cash collateral received from securities lending transactions.
(h) As of March 31, 2014, the aggregate cost of investments was $952,900,482. The aggregate unrealized appreciation and depreciation of investments were $193,799,318 and $(8,841,151), respectively, resulting in net unrealized appreciation of $184,958,167.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $30,606,321, which is 3.0% of net assets.
(ACES)— Alternative Credit Enhancement Securities.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation

 

MSF-133


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

 

Restricted Securities

   Acquisition
Date
   Principal
Amount
     Cost      Value  

Bayview Financial Revolving Asset Trust

   03/01/06    $ 912,525       $ 912,525       $ 603,962   

BlackRock Capital Finance L.P.

   05/01/06      55,576         53,557         6,532   

General Electric Capital Assurance Co.

   09/23/03      35,000         35,175         39,668   

Petroleos Mexicanos

   01/23/14      352,000         352,000         360,448   

Spirit Master Funding, LLC

   10/04/05      790,238         780,066         809,282   
           

 

 

 
            $ 1,819,812   
           

 

 

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 33,030,773       $ —         $ —         $ 33,030,773   

Air Freight & Logistics

     4,622,044         —           —           4,622,044   

Airlines

     1,006,312         —           —           1,006,312   

Auto Components

     11,949,646         —           —           11,949,646   

Automobiles

     6,318,789         —           —           6,318,789   

Banks

     52,404,808         4,466,654         —           56,871,462   

Beverages

     2,917,753         4,660,734         —           7,578,487   

Capital Markets

     27,906,009         —           —           27,906,009   

Chemicals

     10,546,014         —           —           10,546,014   

Commercial Services & Supplies

     3,447,290         —           —           3,447,290   

Construction & Engineering

     962,841         —           —           962,841   

Consumer Finance

     2,305,802         —           —           2,305,802   

Containers & Packaging

     1,722,282         —           —           1,722,282   

Diversified Financial Services

     2,367,538         —           —           2,367,538   

Diversified Telecommunication Services

     18,181,639         2,972,141         —           21,153,780   

Electric Utilities

     7,882,883         —           —           7,882,883   

Electrical Equipment

     3,493,606         —           —           3,493,606   

Electronic Equipment, Instruments & Components

     —           1,072,393         —           1,072,393   

Energy Equipment & Services

     4,164,614         —           —           4,164,614   

Food & Staples Retailing

     15,411,594         —           —           15,411,594   

Food Products

     10,983,499         9,842,174         —           20,825,673   

Health Care Equipment & Supplies

     15,088,782         —           —           15,088,782   

Health Care Providers & Services

     8,629,814         —           —           8,629,814   

Hotels, Restaurants & Leisure

     5,216,550         —           —           5,216,550   

Household Products

     5,526,097         1,159,470         —           6,685,567   

Independent Power and Renewable Electricity Producers

     977,659         —           —           977,659   

Industrial Conglomerates

     15,177,456         1,756,646         —           16,934,102   

Insurance

     32,620,312         4,722,219         —           37,342,531   

Internet Software & Services

     6,348,187         —           —           6,348,187   

 

MSF-134


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

IT Services

   $ 15,976,379       $ —        $ —         $ 15,976,379   

Leisure Products

     2,353,453         —          —           2,353,453   

Life Sciences Tools & Services

     5,573,124         —          —           5,573,124   

Machinery

     10,130,871         —          —           10,130,871   

Media

     30,929,331         —          —           30,929,331   

Metals & Mining

     1,796,102         1,053,488        —           2,849,590   

Multi-Utilities

     3,323,993         4,525,747        —           7,849,740   

Multiline Retail

     10,929,347         —          —           10,929,347   

Oil, Gas & Consumable Fuels

     48,473,177         3,017,033        —           51,490,210   

Pharmaceuticals

     46,268,444         4,334,663        —           50,603,107   

Real Estate Investment Trusts

     4,711,990         1,027,818        —           5,739,808   

Road & Rail

     2,295,748         —          —           2,295,748   

Semiconductors & Semiconductor Equipment

     8,856,012         —          —           8,856,012   

Software

     11,938,563         —          —           11,938,563   

Specialty Retail

     3,249,766         —          —           3,249,766   

Technology Hardware, Storage & Peripherals

     11,278,923         —          —           11,278,923   

Textiles, Apparel & Luxury Goods

     1,189,264         —          —           1,189,264   

Tobacco

     27,533,982         1,952,473        —           29,486,455   

Wireless Telecommunication Services

     —           1,308,900        —           1,308,900   

Total Common Stocks

     558,019,062         47,872,553        —           605,891,615   

Total U.S. Treasury & Government Agencies*

     —           252,085,750        —           252,085,750   

Total Corporate Bonds & Notes*

     —           121,162,054        —           121,162,054   

Total Mortgage-Backed Securities*

     —           20,271,451        —           20,271,451   

Total Foreign Government*

     —           4,765,432        —           4,765,432   

Total Asset-Backed Securities*

     —           3,797,660        —           3,797,660   
Preferred Stocks           

Electric Utilities

     —           1,865,433        —           1,865,433   

Metals & Mining

     1,280,686         —          —           1,280,686   

Total Preferred Stocks

     1,280,686         1,865,433        —           3,146,119   

Total Convertible Preferred Stocks*

     1,845,461         —          —           1,845,461   

Total Municipals

     —           1,472,510        —           1,472,510   
Short-Term Investments           

Mutual Fund

     90,963,597         —          —           90,963,597   

Repurchase Agreement

     —           32,457,000        —           32,457,000   

Total Short-Term Investments

     90,963,597         32,457,000        —           123,420,597   

Total Investments

   $ 652,108,806       $ 485,749,843      $ —         $ 1,137,858,649   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (90,963,597   $ —         $ (90,963,597

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-135


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—7.0%

  

Honeywell International, Inc.

    797,801      $ 74,004,021   

Lockheed Martin Corp.

    543,900        88,786,236   

Northrop Grumman Corp.

    267,899        33,053,379   

United Technologies Corp.

    691,884        80,839,726   
   

 

 

 
      276,683,362   
   

 

 

 

Air Freight & Logistics—1.5%

  

United Parcel Service, Inc. - Class B

    620,660        60,439,871   
   

 

 

 

Auto Components—1.7%

  

Delphi Automotive plc

    401,720        27,260,719   

Johnson Controls, Inc.

    837,521        39,631,494   
   

 

 

 
      66,892,213   
   

 

 

 

Automobiles—0.2%

  

General Motors Co.

    220,520        7,590,298   
   

 

 

 

Banks—9.2%

  

JPMorgan Chase & Co.

    2,678,341        162,602,082   

PNC Financial Services Group, Inc. (The)

    396,318        34,479,666   

U.S. Bancorp

    850,560        36,455,001   

Wells Fargo & Co.

    2,547,478        126,711,556   
   

 

 

 
      360,248,305   
   

 

 

 

Beverages—2.3%

  

Coca-Cola Enterprises, Inc.

    284,460        13,585,810   

Diageo plc

    1,859,759        57,720,969   

Dr Pepper Snapple Group, Inc. (a)

    360,360        19,625,206   
   

 

 

 
      90,931,985   
   

 

 

 

Capital Markets—6.6%

  

Bank of New York Mellon Corp. (The)

    1,645,741        58,078,200   

BlackRock, Inc.

    115,825        36,424,646   

Franklin Resources, Inc.

    954,993        51,741,521   

Goldman Sachs Group, Inc. (The)

    460,703        75,486,186   

State Street Corp.

    516,314        35,909,639   
   

 

 

 
      257,640,192   
   

 

 

 

Chemicals—1.4%

  

PPG Industries, Inc.

    268,856        52,012,882   

Valspar Corp. (The)

    50,180        3,618,981   
   

 

 

 
      55,631,863   
   

 

 

 

Commercial Services & Supplies—1.1%

  

Tyco International, Ltd.

    1,048,954        44,475,650   
   

 

 

 

Containers & Packaging—0.4%

  

Crown Holdings, Inc. (b)

    325,990        14,584,793   
   

 

 

 

Diversified Financial Services—1.2%

  

McGraw Hill Financial, Inc.

    205,650        15,691,095   

Moody’s Corp.

    144,830        11,487,916   

NASDAQ OMX Group, Inc. (The)

    495,945        18,320,208   
   

 

 

 
      45,499,219   
   

 

 

 

Diversified Telecommunication Services—2.7%

  

AT&T, Inc.

    974,551      34,177,503   

Verizon Communications, Inc.

    1,494,155        71,076,944   
   

 

 

 
      105,254,447   
   

 

 

 

Electric Utilities—0.6%

  

Duke Energy Corp.

    183,220        13,048,928   

PPL Corp.

    316,077        10,474,792   
   

 

 

 
      23,523,720   
   

 

 

 

Electrical Equipment—0.9%

  

Eaton Corp. plc

    470,522        35,345,613   
   

 

 

 

Food & Staples Retailing—1.8%

  

CVS Caremark Corp.

    965,604        72,285,115   
   

 

 

 

Food Products—4.4%

  

Danone S.A.

    436,560        30,879,258   

General Mills, Inc.

    1,157,066        59,959,160   

Kellogg Co.

    187,047        11,729,717   

Nestle S.A.

    926,571        69,816,066   
   

 

 

 
      172,384,201   
   

 

 

 

Health Care Equipment & Supplies—3.7%

  

Abbott Laboratories

    1,138,396        43,839,630   

Covidien plc

    321,690        23,695,685   

Medtronic, Inc.

    764,570        47,051,638   

St. Jude Medical, Inc.

    440,282        28,790,040   
   

 

 

 
      143,376,993   
   

 

 

 

Health Care Providers & Services—1.4%

  

Express Scripts Holding Co. (b)

    523,100        39,279,579   

Quest Diagnostics, Inc. (a)

    252,100        14,601,632   
   

 

 

 
      53,881,211   
   

 

 

 

Hotels, Restaurants & Leisure—1.1%

  

McDonald’s Corp.

    426,534        41,813,128   
   

 

 

 

Household Products—0.5%

  

Procter & Gamble Co. (The)

    246,132        19,838,239   
   

 

 

 

Industrial Conglomerates—3.2%

  

3M Co.

    576,115        78,155,761   

Danaher Corp.

    639,192        47,939,400   
   

 

 

 
      126,095,161   
   

 

 

 

Insurance—7.0%

  

ACE, Ltd.

    415,743        41,183,502   

Aon plc

    437,589        36,880,001   

Chubb Corp. (The)

    516,014        46,080,050   

Prudential Financial, Inc.

    812,352        68,765,597   

Travelers Cos., Inc. (The)

    958,485        81,567,073   
   

 

 

 
      274,476,223   
   

 

 

 

 

MSF-136


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

IT Services—5.0%

   

Accenture plc - Class A

    986,369      $ 78,633,337   

Fidelity National Information Services, Inc.

    206,720        11,049,184   

Fiserv, Inc. (b)

    374,830        21,249,113   

International Business Machines Corp.

    390,716        75,208,923   

Western Union Co. (The) (a)

    657,096        10,750,090   
   

 

 

 
      196,890,647   
   

 

 

 

Leisure Products—0.7%

  

Hasbro, Inc. (a)

    347,451        19,325,225   

Mattel, Inc.

    205,990        8,262,259   
   

 

 

 
      27,587,484   
   

 

 

 

Life Sciences Tools & Services—1.0%

  

Thermo Fisher Scientific, Inc.

    314,978        37,872,955   
   

 

 

 

Machinery—1.5%

   

Illinois Tool Works, Inc.

    205,184        16,687,615   

Pentair, Ltd.

    200,348        15,895,610   

Stanley Black & Decker, Inc.

    345,581        28,075,000   
   

 

 

 
      60,658,225   
   

 

 

 

Media—4.7%

   

Comcast Corp. - Special Class A

    785,060        38,279,526   

Omnicom Group, Inc.

    639,727        46,444,180   

Time Warner, Inc.

    177,150        11,573,209   

Viacom, Inc. - Class B

    382,680        32,523,973   

Walt Disney Co. (The)

    672,070        53,812,645   
   

 

 

 
      182,633,533   
   

 

 

 

Multi-Utilities—0.2%

   

Public Service Enterprise Group, Inc. (a)

    185,541        7,076,534   
   

 

 

 

Multiline Retail—1.7%

   

Kohl’s Corp. (a)

    181,830        10,327,944   

Target Corp.

    906,750        54,867,443   
   

 

 

 
      65,195,387   
   

 

 

 

Oil, Gas & Consumable Fuels—6.0%

  

Apache Corp.

    218,759        18,146,059   

Chevron Corp.

    504,194        59,953,708   

EOG Resources, Inc.

    80,804        15,851,321   

Exxon Mobil Corp.

    914,313        89,310,094   

Occidental Petroleum Corp.

    565,962        53,930,519   
   

 

 

 
      237,191,701   
   

 

 

 

Pharmaceuticals—8.4%

   

Johnson & Johnson

    1,419,761        139,463,123   

Merck & Co., Inc.

    715,537        40,621,035   

Pharmaceuticals—(Continued)

  

Novartis AG

    143,570      12,194,177   

Pfizer, Inc.

    3,865,421        124,157,323   

Roche Holding AG

    41,187        12,380,257   

Zoetis, Inc.

    34,300        992,642   
   

 

 

 
      329,808,557   
   

 

 

 

Real Estate Management & Development—0.1%

  

Canary Wharf Group plc (b) (c)

    767,618        5,652,451   
   

 

 

 

Road & Rail—0.6%

  

Canadian National Railway Co.

    427,220        24,018,308   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.6%

  

Intel Corp.

    979,907        25,291,400   
   

 

 

 

Software—1.5%

  

Oracle Corp.

    1,395,646        57,095,878   
   

 

 

 

Specialty Retail—1.2%

  

Advance Auto Parts, Inc.

    180,002        22,770,253   

Bed Bath & Beyond, Inc. (b)

    148,850        10,240,880   

Staples, Inc. (a)

    1,286,900        14,593,446   
   

 

 

 
      47,604,579   
   

 

 

 

Tobacco—5.5%

  

Altria Group, Inc.

    473,846        17,736,056   

Imperial Tobacco Group plc

    192,558        7,787,086   

Lorillard, Inc. (a)

    912,410        49,343,133   

Philip Morris International, Inc.

    1,719,697        140,791,593   
   

 

 

 
      215,657,868   
   

 

 

 

Wireless Telecommunication Services—0.6%

  

Vodafone Group plc

    6,824,651        25,125,335   
   

 

 

 

Total Common Stocks
(Cost $2,751,705,334)

      3,894,252,644   
   

 

 

 
Convertible Preferred Stock—0.1%   

Aerospace & Defense—0.1%

  

United Technologies Corp. (a)
(Cost $3,212,070)

    61,790        4,113,361   
   

 

 

 
Short-Term Investments—3.0%   

Mutual Fund—2.3%

  

State Street Navigator Securities Lending MET Portfolio (d)

    90,029,231        90,029,231   
   

 

 

 

 

MSF-137


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.7%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $27,179,000 on 04/01/14, collateralized by $28,220,000 U.S. Treasury Note at 0.650% due 08/31/17 with a value of $27,724,384.

    27,179,000      $ 27,179,000   
   

 

 

 

Total Short-Term Investments
(Cost $117,208,231)

      117,208,231   
   

 

 

 

Total Investments—102.3%
(Cost $2,872,125,635) (e)

      4,015,574,236   

Other assets and liabilities (net)—(2.3)%

      (90,152,318
   

 

 

 
Net Assets—100.0%     $ 3,925,421,918   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $94,712,215 and the collateral received consisted of cash in the amount of $90,029,231 and non-cash collateral with a value of $6,413,832. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent 0.1% of net assets.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of March 31, 2014, the aggregate cost of investments was $2,872,125,635. The aggregate unrealized appreciation and depreciation of investments were $1,156,364,154 and $(12,915,553), respectively, resulting in net unrealized appreciation of $1,143,448,601.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 276,683,362       $ —         $ —         $ 276,683,362   

Air Freight & Logistics

     60,439,871         —           —           60,439,871   

Auto Components

     66,892,213         —           —           66,892,213   

Automobiles

     7,590,298         —           —           7,590,298   

Banks

     360,248,305         —           —           360,248,305   

Beverages

     33,211,016         57,720,969         —           90,931,985   

Capital Markets

     257,640,192         —           —           257,640,192   

Chemicals

     55,631,863         —           —           55,631,863   

Commercial Services & Supplies

     44,475,650         —           —           44,475,650   

Containers & Packaging

     14,584,793         —           —           14,584,793   

Diversified Financial Services

     45,499,219         —           —           45,499,219   

Diversified Telecommunication Services

     105,254,447         —           —           105,254,447   

Electric Utilities

     23,523,720         —           —           23,523,720   

 

MSF-138


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Electrical Equipment

   $ 35,345,613       $ —        $ —         $ 35,345,613   

Food & Staples Retailing

     72,285,115         —          —           72,285,115   

Food Products

     71,688,877         100,695,324        —           172,384,201   

Health Care Equipment & Supplies

     143,376,993         —          —           143,376,993   

Health Care Providers & Services

     53,881,211         —          —           53,881,211   

Hotels, Restaurants & Leisure

     41,813,128         —          —           41,813,128   

Household Products

     19,838,239         —          —           19,838,239   

Industrial Conglomerates

     126,095,161         —          —           126,095,161   

Insurance

     274,476,223         —          —           274,476,223   

IT Services

     196,890,647         —          —           196,890,647   

Leisure Products

     27,587,484         —          —           27,587,484   

Life Sciences Tools & Services

     37,872,955         —          —           37,872,955   

Machinery

     60,658,225         —          —           60,658,225   

Media

     182,633,533         —          —           182,633,533   

Multi-Utilities

     7,076,534         —          —           7,076,534   

Multiline Retail

     65,195,387         —          —           65,195,387   

Oil, Gas & Consumable Fuels

     237,191,701         —          —           237,191,701   

Pharmaceuticals

     305,234,123         24,574,434        —           329,808,557   

Real Estate Management & Development

     —           —          5,652,451         5,652,451   

Road & Rail

     24,018,308         —          —           24,018,308   

Semiconductors & Semiconductor Equipment

     25,291,400         —          —           25,291,400   

Software

     57,095,878         —          —           57,095,878   

Specialty Retail

     47,604,579         —          —           47,604,579   

Tobacco

     207,870,782         7,787,086        —           215,657,868   

Wireless Telecommunication Services

     —           25,125,335        —           25,125,335   

Total Common Stocks

     3,672,697,045         215,903,148        5,652,451         3,894,252,644   

Total Convertible Preferred Stock*

     4,113,361         —          —           4,113,361   
Short-Term Investments           

Mutual Fund

     90,029,231         —          —           90,029,231   

Repurchase Agreement

     —           27,179,000        —           27,179,000   

Total Short-Term Investments

     90,029,231         27,179,000        —           117,208,231   

Total Investments

   $ 3,766,839,637       $ 243,082,148      $ 5,652,451       $ 4,015,574,236   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (90,029,231   $ —         $ (90,029,231

 

* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities

   Balance as of
December 31, 2013
     Change in
Unrealized
Appreciation
     Balance as of
March 31, 2014
     Change in Unrealized
Appreciation
from Investments Still Held at
March 31, 2014
 
Common Stocks            

Real Estate Management & Development

   $ 3,967,141       $ 1,685,310       $ 5,652,451       $ 1,685,310   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-139


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—94.6% of Net Assets

 

Security Description   Shares     Value  

Australia—7.5%

  

AGL Energy, Ltd.

    41,243      $ 580,500   

ALS, Ltd. (a)

    24,515        166,652   

Alumina, Ltd. (b)

    191,453        212,176   

Amcor, Ltd.

    83,008        799,876   

AMP, Ltd.

    206,717        955,640   

APA Group

    59,114        352,360   

Asciano, Ltd.

    84,621        408,039   

ASX, Ltd.

    16,055        537,004   

Aurizon Holdings, Ltd.

    157,842        753,640   

Australia & New Zealand Banking Group, Ltd.

    190,466        5,850,150   

Bank of Queensland, Ltd.

    22,340        266,671   

Bendigo and Adelaide Bank, Ltd.

    35,779        378,252   

BHP Billiton, Ltd.

    224,864        7,608,535   

Boral, Ltd.

    61,162        320,533   

Brambles, Ltd.

    111,315        955,955   

Caltex Australia, Ltd.

    9,532        195,665   

CFS Retail Property Trust

    151,292        265,100   

Coca-Cola Amatil, Ltd.

    42,510        434,747   

Cochlear, Ltd. (a)

    3,466        183,191   

Commonwealth Bank of Australia

    112,859        8,119,320   

Computershare, Ltd.

    29,681        333,091   

Crown Resorts, Ltd.

    29,464        454,409   

CSL, Ltd.

    33,667        2,171,344   

Dexus Property Group (REIT)

    391,890        385,081   

Federation Centres, Ltd.

    91,872        201,010   

Flight Centre Travel Group, Ltd. (a)

    4,009        195,166   

Fortescue Metals Group, Ltd. (a)

    100,245        490,763   

Goodman Group (REIT)

    110,907        486,433   

GPT Group (REIT)

    121,517        412,278   

Iluka Resources, Ltd. (a)

    29,031        266,871   

Incitec Pivot, Ltd.

    103,981        285,491   

Insurance Australia Group, Ltd.

    161,780        836,789   

Leighton Holdings, Ltd. (a)

    10,872        212,822   

Lend Lease Group

    37,629        413,576   

Macquarie Group, Ltd.

    19,737        1,063,918   

Metcash, Ltd. (a)

    63,044        153,099   

Mirvac Group (REIT)

    298,553        470,579   

National Australia Bank, Ltd.

    166,814        5,494,545   

Newcrest Mining, Ltd. (b)

    54,807        503,498   

Orica, Ltd. (a)

    26,176        531,142   

Origin Energy, Ltd.

    78,717        1,043,114   

QBE Insurance Group, Ltd.

    82,246        977,955   

Ramsay Health Care, Ltd.

    8,883        396,397   

REA Group, Ltd. (a)

    3,716        167,986   

Rio Tinto, Ltd.

    31,918        1,886,794   

Santos, Ltd.

    67,710        847,637   

Seek, Ltd.

    22,233        362,401   

Sonic Healthcare, Ltd.

    24,290        389,011   

SP AusNet

    106,030        128,775   

Stockland (REIT)

    161,293        560,822   

Suncorp Group, Ltd.

    87,148        1,040,062   

Sydney Airport

    80,467        313,387   

TABCORP Holdings, Ltd.

    43,902        139,039   

Tatts Group, Ltd.

    123,533        332,209   

Telstra Corp., Ltd.

    304,819        1,436,962   

Toll Holdings, Ltd.

    41,980        202,456   

Transurban Group

    94,803        638,116   

Australia—(Continued)

  

Treasury Wine Estates, Ltd.

    46,412      151,929   

Wesfarmers, Ltd.

    80,122        3,060,365   

Westfield Group (REIT)

    143,754        1,366,299   

Westfield Retail Trust (b)

    238,450        658,732   

Westpac Banking Corp.

    217,703        6,977,822   

Woodside Petroleum, Ltd.

    46,091        1,667,523   

Woolworths, Ltd.

    86,535        2,866,079   

WorleyParsons, Ltd.

    14,841        208,358   
   

 

 

 
      72,526,141   
   

 

 

 

Austria—0.3%

  

Andritz AG (a)

    5,184        320,773   

Erste Group Bank AG

    17,136        586,814   

IMMOFINANZ AG (b)

    66,338        310,389   

OMV AG

    10,147        461,036   

Raiffeisen Bank International AG (a)

    8,207        274,349   

Telekom Austria AG

    15,305        151,927   

Vienna Insurance Group AG Wiener Versicherung Gruppe

    2,911        143,827   

Voestalpine AG

    7,466        329,222   
   

 

 

 
      2,578,337   
   

 

 

 

Belgium—1.1%

  

Ageas

    15,573        694,807   

Anheuser-Busch InBev NV

    55,726        5,859,866   

Belgacom S.A. (a)

    10,680        335,326   

Colruyt S.A.

    5,430        299,902   

Delhaize Group S.A.

    6,756        495,291   

Groupe Bruxelles Lambert S.A.

    5,072        507,012   

KBC Groep NV

    16,494        1,016,863   

Solvay S.A.

    4,588        721,440   

Telenet Group Holding NV

    4,184        257,966   

UCB S.A.

    7,958        638,363   

Umicore S.A. (a)

    8,519        435,101   
   

 

 

 
      11,261,937   
   

 

 

 

Denmark—1.3%

  

AP Moeller - Maersk A/S - Class A (a)

    35        404,744   

AP Moeller - Maersk A/S - Class B (a)

    88        1,058,426   

Carlsberg A/S - Class B

    7,997        797,254   

Coloplast A/S - Class B

    8,608        697,812   

Danske Bank A/S

    44,352        1,237,288   

DSV A/S

    13,261        428,694   

Novo Nordisk A/S - Class B (a)

    138,220        6,308,267   

Novozymes A/S - B Shares

    16,065        707,664   

TDC A/S

    59,338        548,669   

Tryg A/S

    1,747        172,829   

William Demant Holding A/S (a) (b)

    1,624        139,177   
   

 

 

 
      12,500,824   
   

 

 

 

Finland—0.9%

  

Elisa Oyj (a)

    9,437        271,870   

Fortum Oyj

    31,487        716,128   

Kone Oyj - Class B (a)

    21,608        907,871   

Metso Oyj (a)

    7,511        245,594   

 

MSF-140


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

  

Neste Oil Oyj

    9,073      $ 185,061   

Nokia Oyj (b)

    264,520        1,948,450   

Nokian Renkaat Oyj (a)

    7,322        296,851   

Orion Oyj - Class B (a)

    6,402        193,506   

Pohjola Bank plc - A Shares (a)

    9,006        200,574   

Sampo Oyj - A Shares

    31,280        1,625,845   

Stora Enso Oyj - R Shares

    40,497        433,976   

UPM-Kymmene Oyj

    38,111        652,913   

Wartsila Oyj Abp

    12,482        680,462   
   

 

 

 
      8,359,101   
   

 

 

 

France—9.4%

  

Accor S.A.

    12,668        649,652   

Aeroports de Paris

    2,209        275,702   

Air Liquide S.A.

    21,485        2,915,503   

Alcatel-Lucent (b)

    192,359        760,391   

Alstom S.A.

    14,355        392,770   

Arkema S.A.

    4,440        503,847   

Atos Origin S.A.

    4,831        437,348   

AXA S.A.

    125,595        3,271,499   

BNP Paribas S.A.

    70,533        5,455,020   

Bouygues S.A.

    12,810        535,632   

Bureau Veritas S.A.

    15,060        461,825   

Cap Gemini S.A.

    9,755        739,940   

Carrefour S.A.

    42,840        1,660,816   

Casino Guichard Perrachon S.A.

    4,364        520,412   

CGG S.A. (a) (b)

    11,374        182,783   

Christian Dior S.A.

    3,598        693,946   

Cie de St-Gobain

    29,102        1,762,692   

Cie Generale des Etablissements Michelin

    12,929        1,620,216   

CNP Assurances

    10,520        223,025   

Credit Agricole S.A. (b)

    71,301        1,126,545   

Danone S.A.

    39,651        2,805,861   

Dassault Systemes S.A.

    4,077        478,085   

Edenred (a)

    13,868        435,713   

Electricite de France S.A.

    17,389        688,933   

Essilor International S.A.

    13,981        1,413,372   

Eurazeo S.A.

    2,143        192,879   

Eutelsat Communications S.A. (a)

    8,516        289,553   

Fonciere Des Regions (REIT)

    1,625        150,561   

GDF Suez

    92,031        2,522,933   

Gecina S.A.

    1,319        175,525   

Groupe Eurotunnel S.A.

    42,941        548,873   

ICADE (REIT)

    2,071        205,179   

Iliad S.A.

    1,838        530,570   

Imerys S.A.

    2,253        200,374   

JCDecaux S.A.

    4,706        206,176   

Kering

    5,248        1,072,343   

Klepierre (REIT)

    6,803        304,799   

L’Oreal S.A.

    16,920        2,792,600   

Lafarge S.A.

    13,327        1,045,092   

Lagardere SCA

    8,303        330,178   

Legrand S.A.

    18,368        1,142,742   

LVMH Moet Hennessy Louis Vuitton S.A.

    18,148        3,305,135   

Natixis

    61,277        450,552   

Orange S.A.

    128,590        1,902,396   

France—(Continued)

  

Pernod-Ricard S.A.

    14,719      1,715,587   

Publicis Groupe S.A.

    12,590        1,139,185   

Remy Cointreau S.A. (a)

    1,600        128,583   

Renault S.A.

    14,233        1,387,299   

Rexel S.A.

    20,012        525,576   

Safran S.A.

    18,407        1,277,128   

Sanofi

    83,607        8,740,737   

Schneider Electric S.A.

    37,978        3,377,956   

SCOR SE

    11,686        409,651   

SES S.A.

    20,693        772,967   

Societe BIC S.A.

    1,753        230,465   

Societe Generale S.A.

    50,295        3,106,120   

Sodexo

    6,625        695,812   

Suez Environnement Co.

    22,682        461,019   

Technip S.A.

    6,959        718,822   

Thales S.A.

    6,811        452,377   

Total S.A.

    149,672        9,834,727   

Unibail-Rodamco SE

    6,973        1,813,872   

Valeo S.A.

    5,216        736,074   

Vallourec S.A.

    8,091        440,019   

Veolia Environnement S.A.

    23,240        461,088   

Vinci S.A.

    33,661        2,509,274   

Vivendi S.A.

    84,323        2,353,371   

Wendel S.A.

    2,267        352,828   

Zodiac Aerospace

    12,210        431,561   
   

 

 

 
      91,452,086   
   

 

 

 

Germany—8.3%

  

Adidas AG

    15,290        1,657,195   

Allianz SE

    32,357        5,470,690   

Axel Springer SE (a)

    3,006        192,615   

BASF SE

    64,285        7,147,531   

Bayer AG

    57,877        7,830,502   

Bayerische Motoren Werke (BMW) AG

    22,977        2,901,704   

Beiersdorf AG

    6,805        663,949   

Brenntag AG

    3,344        621,245   

Commerzbank AG (b)

    66,178        1,218,094   

Continental AG

    7,824        1,875,660   

Daimler AG

    68,149        6,443,225   

Deutsche Bank AG

    70,259        3,144,104   

Deutsche Boerse AG

    12,868        1,024,461   

Deutsche Lufthansa AG (b)

    17,782        465,972   

Deutsche Post AG

    62,935        2,338,843   

Deutsche Telekom AG

    200,660        3,247,022   

Deutsche Wohnen AG

    20,600        442,096   

E.ON SE

    130,109        2,544,367   

Fraport AG Frankfurt Airport Services Worldwide

    2,305        172,453   

Fresenius Medical Care AG & Co. KGaA

    14,375        1,003,335   

Fresenius SE & Co. KGaA

    8,867        1,388,113   

GEA Group AG

    12,718        581,486   

Hannover Rueck SE

    3,778        338,041   

HeidelbergCement AG

    10,797        925,604   

Henkel AG & Co. KGaA

    8,633        868,174   

Hochtief AG

    2,679        243,525   

Hugo Boss AG

    2,160        287,795   

Infineon Technologies AG

    73,323        875,231   

 

MSF-141


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

K&S AG

    11,843      $ 389,168   

Kabel Deutschland Holding AG

    1,650        226,875   

Lanxess AG

    5,523        416,828   

Linde AG

    13,162        2,635,737   

MAN SE

    3,022        385,256   

Merck KGaA

    4,259        717,451   

Metro AG (b)

    8,734        356,996   

Muenchener Rueckversicherungs AG

    12,534        2,739,456   

OSRAM Licht AG (b)

    5,409        351,441   

ProSiebenSat.1 Media AG

    15,354        704,460   

RWE AG

    34,949        1,418,652   

SAP AG

    63,917        5,175,933   

Siemens AG

    55,495        7,471,655   

Sky Deutschland AG (b)

    30,300        261,399   

Suedzucker AG (a)

    5,881        167,772   

Telefonica Deutschland Holding AG

    19,300        153,896   

ThyssenKrupp AG (b)

    31,754        852,819   

United Internet AG

    8,781        412,467   

Volkswagen AG

    1,873        474,941   
   

 

 

 
      81,226,234   
   

 

 

 

Hong Kong—2.6%

  

AIA Group, Ltd.

    843,400        4,006,835   

ASM Pacific Technology, Ltd. (a)

    14,200        138,759   

Bank of East Asia, Ltd. (a)

    103,920        407,113   

BOC Hong Kong Holdings, Ltd.

    253,965        723,369   

Cathay Pacific Airways, Ltd.

    87,000        162,095   

Cheung Kong Holdings, Ltd.

    97,000        1,610,394   

Cheung Kong Infrastructure Holdings, Ltd.

    43,000        275,809   

CLP Holdings, Ltd.

    123,877        936,052   

First Pacific Co., Ltd.

    173,250        172,572   

Galaxy Entertainment Group, Ltd. (b)

    149,000        1,302,165   

Hang Lung Properties, Ltd.

    161,000        462,205   

Hang Seng Bank, Ltd.

    53,200        847,257   

Henderson Land Development Co., Ltd.

    73,700        431,789   

HKT Trust / HKT, Ltd. (a)

    161,000        169,624   

Hong Kong & China Gas Co., Ltd.

    401,967        878,219   

Hong Kong Exchanges and Clearing, Ltd.

    81,800        1,240,865   

Hopewell Holdings, Ltd.

    63,500        218,250   

Hutchison Whampoa, Ltd.

    149,000        1,979,849   

Hysan Development Co., Ltd.

    45,000        195,832   

Kerry Properties, Ltd.

    46,500        155,587   

Li & Fung, Ltd. (a)

    429,600        636,826   

Link REIT (The)

    161,141        795,026   

MGM China Holdings, Ltd.

    71,200        251,294   

MTR Corp., Ltd.

    95,000        352,486   

New World Development Co., Ltd.

    261,531        263,159   

Noble Group, Ltd.

    426,909        404,081   

NWS Holdings, Ltd.

    93,000        157,565   

Power Assets Holdings, Ltd.

    99,549        864,761   

Sands China, Ltd.

    165,200        1,238,188   

Shangri-La Asia, Ltd.

    109,540        179,881   

Sino Land Co., Ltd.

    193,600        285,692   

SJM Holdings, Ltd.

    141,000        397,836   

Sun Hung Kai Properties, Ltd.

    111,000        1,360,957   

Swire Pacific, Ltd. - Class A

    43,317        505,082   

Hong Kong—(Continued)

  

Swire Properties, Ltd.

    83,600      240,037   

Wharf Holdings, Ltd.

    104,976        672,019   

Wheelock & Co., Ltd.

    68,000        266,220   

Wynn Macau, Ltd.

    104,000        430,934   

Yue Yuen Industrial Holdings, Ltd.

    50,500        165,083   
   

 

 

 
      25,781,767   
   

 

 

 

Ireland—0.7%

  

Bank of Ireland (b)

    1,672,974        711,735   

CRH plc

    51,353        1,432,262   

Experian plc

    72,050        1,299,603   

James Hardie Industries plc

    30,172        401,036   

Kerry Group plc - Class A

    11,180        853,695   

Shire plc

    41,131        2,023,934   
   

 

 

 
      6,722,265   
   

 

 

 

Israel—0.5%

  

Bank Hapoalim B.M.

    72,497        413,324   

Bank Leumi Le-Israel B.M. (b)

    101,093        394,407   

Bezeq The Israeli Telecommunication Corp., Ltd.

    178,026        316,776   

Israel Chemicals, Ltd.

    45,583        398,157   

NICE Systems, Ltd.

    5,213        232,229   

Teva Pharmaceutical Industries, Ltd.

    60,000        3,161,619   
   

 

 

 
      4,916,512   
   

 

 

 

Italy—2.4%

  

Assicurazioni Generali S.p.A.

    82,143        1,833,863   

Atlantia S.p.A.

    26,199        674,875   

Banco Popolare SC (b)

    24,000        521,971   

Enel Green Power S.p.A.

    152,537        428,869   

Enel S.p.A.

    474,939        2,692,313   

ENI S.p.A.

    176,421        4,432,326   

Exor S.p.A.

    6,830        307,072   

Fiat S.p.A. (b)

    59,813        696,430   

Finmeccanica S.p.A. (b)

    28,782        285,229   

Intesa Sanpaolo S.p.A.

    815,086        2,769,123   

Luxottica Group S.p.A.

    11,742        679,287   

Mediobanca S.p.A. (b)

    44,816        513,590   

Pirelli & C S.p.A.

    17,048        267,981   

Prysmian S.p.A.

    13,126        327,687   

Saipem S.p.A.

    18,391        449,546   

Snam S.p.A.

    138,413        811,278   

Telecom Italia S.p.A.

    668,281        789,309   

Telecom Italia S.p.A. - Risparmio Shares

    360,593        337,902   

Terna Rete Elettrica Nazionale S.p.A.

    118,746        636,620   

UniCredit S.p.A.

    304,412        2,787,852   

Unione di Banche Italiane SCPA

    56,320        532,042   

UnipolSai S.p.A. (b)

    64,500        247,537   
   

 

 

 
      23,022,702   
   

 

 

 

Japan—18.7%

  

Aeon Co., Ltd.

    51,500        581,115   

AEON Financial Service Co., Ltd. (a)

    8,400        189,494   

Aeon Mall Co., Ltd.

    6,800        174,875   

 

MSF-142


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Air Water, Inc.

    10,000      $ 138,456   

Aisin Seiki Co., Ltd.

    13,000        469,283   

Ajinomoto Co., Inc.

    44,000        631,708   

Alfresa Holdings Corp.

    3,000        195,682   

Amada Co., Ltd.

    27,000        190,004   

ANA Holdings, Inc. (a)

    84,000        182,296   

Aozora Bank, Ltd.

    77,000        219,637   

Asahi Glass Co., Ltd.

    72,000        417,714   

Asahi Group Holdings, Ltd.

    30,500        857,511   

Asahi Kasei Corp.

    97,000        660,033   

Asics Corp.

    11,000        216,267   

Astellas Pharma, Inc.

    150,000        1,780,944   

Bank of Kyoto, Ltd. (The)

    22,000        181,797   

Bank of Yokohama, Ltd. (The)

    83,000        414,635   

Benesse Holdings, Inc.

    5,000        191,234   

Bridgestone Corp.

    47,200        1,675,279   

Brother Industries, Ltd.

    16,400        230,610   

Canon, Inc.

    78,400        2,431,746   

Casio Computer Co., Ltd.

    16,900        200,045   

Central Japan Railway Co.

    10,400        1,221,335   

Chiba Bank, Ltd. (The)

    67,000        413,318   

Chiyoda Corp. (a)

    11,000        143,255   

Chubu Electric Power Co., Inc. (b)

    47,800        562,853   

Chugai Pharmaceutical Co., Ltd.

    15,100        385,895   

Chugoku Bank, Ltd. (The)

    12,000        160,214   

Chugoku Electric Power Co., Inc. (The)

    23,700        330,497   

Citizen Holdings Co., Ltd.

    19,800        149,105   

Credit Saison Co., Ltd.

    10,500        208,996   

Dai Nippon Printing Co., Ltd.

    40,000        383,685   

Dai-ichi Life Insurance Co., Ltd. (The)

    57,300        832,945   

Daicel Corp.

    22,000        182,098   

Daihatsu Motor Co., Ltd.

    14,000        247,513   

Daiichi Sankyo Co., Ltd.

    45,200        762,000   

Daikin Industries, Ltd.

    16,800        941,585   

Dainippon Sumitomo Pharma Co., Ltd.

    12,000        190,800   

Daito Trust Construction Co., Ltd.

    5,000        463,013   

Daiwa House Industry Co., Ltd.

    41,000        695,672   

Daiwa Securities Group, Inc.

    126,000        1,096,791   

Dena Co., Ltd. (a)

    6,700        121,093   

Denso Corp.

    33,900        1,626,623   

Dentsu, Inc.

    15,200        576,922   

Don Quijote Holdings Co., Ltd.

    4,100        211,943   

East Japan Railway Co.

    24,700        1,822,589   

Eisai Co., Ltd. (a)

    18,200        709,454   

Electric Power Development Co., Ltd.

    8,800        248,784   

FamilyMart Co., Ltd.

    4,300        189,170   

FANUC Corp.

    13,900        2,452,876   

Fast Retailing Co., Ltd.

    3,700        1,342,440   

Fuji Electric Co., Ltd.

    43,000        192,051   

Fuji Heavy Industries, Ltd.

    42,000        1,136,404   

FUJIFILM Holdings Corp.

    32,600        875,696   

Fujitsu, Ltd.

    135,000        816,734   

Fukuoka Financial Group, Inc.

    53,000        217,950   

GungHo Online Entertainment, Inc. (a)

    25,400        138,620   

Gunma Bank, Ltd. (The)

    26,000        141,747   

Hachijuni Bank, Ltd. (The)

    30,000        170,591   

Hamamatsu Photonics KK

    4,800        217,828   

Japan—(Continued)

  

Hankyu Hanshin Holdings, Inc.

    83,000      452,574   

Hino Motors, Ltd.

    19,000        281,898   

Hirose Electric Co., Ltd.

    2,200        302,470   

Hiroshima Bank, Ltd. (The)

    38,000        159,724   

Hisamitsu Pharmaceutical Co., Inc.

    4,700        212,447   

Hitachi Construction Machinery Co., Ltd. (a)

    6,400        123,365   

Hitachi Metals, Ltd.

    13,000        185,018   

Hitachi, Ltd.

    337,000        2,488,053   

Hokkaido Electric Power Co., Inc. (b)

    13,000        109,993   

Hokuhoku Financial Group, Inc.

    85,000        163,269   

Hokuriku Electric Power Co.

    12,000        156,411   

Honda Motor Co., Ltd.

    113,300        3,992,629   

Hoya Corp.

    30,100        943,181   

Hulic Co., Ltd.

    18,600        254,671   

Ibiden Co., Ltd.

    8,300        163,534   

IHI Corp.

    99,000        416,548   

Iida Group Holdings Co., Ltd.

    9,100        126,768   

Inpex Corp.

    63,200        820,332   

Isetan Mitsukoshi Holdings, Ltd.

    22,600        281,741   

Isuzu Motors, Ltd.

    84,000        487,254   

ITOCHU Corp.

    106,000        1,239,270   

Iyo Bank, Ltd. (The)

    17,000        162,613   

J Front Retailing Co., Ltd.

    30,000        208,463   

Japan Airlines Co., Ltd.

    4,200        206,932   

Japan Exchange Group, Inc.

    18,500        451,403   

Japan Prime Realty Investment Corp.

    49        158,798   

Japan Real Estate Investment Corp. (REIT)

    80        402,124   

Japan Retail Fund Investment Corp. (REIT)

    202        398,285   

Japan Tobacco, Inc.

    78,400        2,463,823   

JFE Holdings, Inc.

    35,500        669,072   

JGC Corp.

    14,000        487,457   

Joyo Bank, Ltd. (The)

    54,000        269,435   

JSR Corp.

    11,300        209,574   

JTEKT Corp.

    20,000        297,279   

JX Holdings, Inc.

    163,100        785,859   

Kajima Corp. (a)

    59,000        206,993   

Kakaku.com, Inc. (a)

    11,000        178,937   

Kamigumi Co., Ltd.

    17,000        166,352   

Kansai Electric Power Co., Inc. (The) (b)

    55,000        565,046   

Kansai Paint Co., Ltd.

    15,000        214,637   

Kao Corp.

    36,500        1,294,493   

Kawasaki Heavy Industries, Ltd.

    96,000        353,745   

KDDI Corp.

    37,900        2,210,439   

Keikyu Corp. (a)

    36,000        303,848   

Keio Corp.

    45,000        313,891   

Keisei Electric Railway Co., Ltd.

    20,000        173,653   

Keyence Corp.

    3,300        1,360,638   

Kikkoman Corp. (a)

    12,000        226,563   

Kintetsu Corp. (a)

    121,120        431,355   

Kirin Holdings Co., Ltd.

    62,000        863,788   

Kobe Steel, Ltd.

    272,000        363,642   

Komatsu, Ltd.

    63,800        1,322,359   

Konami Corp. (a)

    8,300        192,631   

Konica Minolta, Inc.

    37,000        345,373   

Kubota Corp.

    74,000        990,791   

Kuraray Co., Ltd.

    24,500        280,393   

Kurita Water Industries, Ltd. (a)

    7,100        154,155   

 

MSF-143


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Kyocera Corp.

    22,200      $ 1,001,627   

Kyowa Hakko Kirin Co., Ltd.

    20,000        213,377   

Kyushu Electric Power Co., Inc. (b)

    28,400        347,658   

Lawson, Inc. (a)

    4,900        347,130   

LIXIL Group Corp.

    18,800        518,699   

M3, Inc.

    10,600        174,201   

Makita Corp.

    9,500        525,709   

Marubeni Corp.

    113,000        759,198   

Marui Group Co., Ltd.

    16,000        138,423   

Mazda Motor Corp.

    207,000        918,709   

Medipal Holdings Corp.

    10,200        156,079   

MEIJI Holdings Co., Ltd.

    5,100        322,042   

Miraca Holdings, Inc.

    4,000        175,319   

Mitsubishi Chemical Holdings Corp.

    95,500        397,442   

Mitsubishi Corp.

    101,300        1,882,725   

Mitsubishi Electric Corp.

    136,000        1,530,436   

Mitsubishi Estate Co., Ltd.

    88,000        2,098,898   

Mitsubishi Gas Chemical Co., Inc.

    26,000        146,679   

Mitsubishi Heavy Industries, Ltd.

    225,000        1,312,595   

Mitsubishi Materials Corp.

    79,000        226,277   

Mitsubishi Motors Corp.

    44,999        471,197   

Mitsubishi Tanabe Pharma Corp.

    15,000        209,909   

Mitsubishi UFJ Financial Group, Inc.

    907,188        4,987,648   

Mitsubishi UFJ Lease & Finance Co., Ltd.

    41,500        203,384   

Mitsui & Co., Ltd.

    125,717        1,778,160   

Mitsui Chemicals, Inc. (a)

    57,000        139,885   

Mitsui Fudosan Co., Ltd.

    58,000        1,769,623   

Mitsui OSK Lines, Ltd.

    75,000        292,420   

Mizuho Financial Group, Inc. (a)

    1,614,600        3,192,807   

MS&AD Insurance Group Holdings

    34,300        786,075   

Murata Manufacturing Co., Ltd.

    14,100        1,329,892   

Nabtesco Corp.

    7,000        162,036   

Namco Bandai Holdings, Inc.

    12,500        295,872   

NEC Corp.

    166,000        510,184   

NGK Insulators, Ltd.

    17,000        354,311   

NGK Spark Plug Co., Ltd.

    16,000        359,640   

Nidec Corp. (a)

    14,400        876,280   

Nikon Corp. (a)

    23,100        372,164   

Nintendo Co., Ltd.

    7,500        895,309   

Nippon Building Fund, Inc. (REIT)

    94        491,648   

Nippon Express Co., Ltd.

    59,000        288,939   

Nippon Meat Packers, Inc.

    14,000        209,560   

Nippon Paint Co., Ltd.

    13,000        197,035   

Nippon Prologis REIT, Inc.

    85        171,727   

Nippon Steel Sumitomo Metal Corp.

    530,000        1,448,301   

Nippon Telegraph & Telephone Corp.

    26,100        1,421,827   

Nippon Yusen KK

    142,000        415,646   

Nissan Motor Co., Ltd.

    174,800        1,559,177   

Nisshin Seifun Group, Inc. (a)

    14,300        157,314   

Nissin Foods Holdings Co., Ltd.

    4,700        212,207   

Nitori Holdings Co., Ltd.

    5,300        229,990   

Nitto Denko Corp.

    12,800        617,809   

NKSJ Holdings, Inc.

    22,699        583,605   

Nomura Holdings, Inc.

    253,100        1,624,419   

Nomura Real Estate Holdings, Inc.

    13,100        250,100   

Nomura Research Institute, Ltd.

    6,200        195,871   

NSK, Ltd.

    30,000        308,779   

Japan—(Continued)

  

NTT Data Corp.

    10,776      419,333   

NTT DoCoMo, Inc.

    106,500        1,681,076   

Obayashi Corp.

    45,000        253,892   

Odakyu Electric Railway Co., Ltd. (a)

    44,000        381,484   

OJI Holdings Corp.

    68,000        304,648   

Olympus Corp. (b)

    16,000        516,479   

Omron Corp.

    13,600        560,998   

Ono Pharmaceutical Co., Ltd.

    6,400        558,317   

Oriental Land Co., Ltd. (a)

    3,400        517,727   

ORIX Corp. (b)

    96,000        1,351,347   

Osaka Gas Co., Ltd.

    127,000        481,546   

Otsuka Corp.

    1,200        156,970   

Otsuka Holdings Co., Ltd.

    26,000        777,971   

Panasonic Corp.

    154,900        1,771,089   

Park24 Co., Ltd.

    7,400        140,780   

Rakuten, Inc.

    49,500        660,697   

Resona Holdings, Inc.

    156,800        758,557   

Ricoh Co., Ltd.

    45,000        522,540   

Rinnai Corp.

    2,800        246,123   

Rohm Co., Ltd.

    6,700        299,092   

Sankyo Co., Ltd.

    3,600        151,659   

Sanrio Co., Ltd. (a)

    3,400        114,699   

Santen Pharmaceutical Co., Ltd.

    5,500        244,145   

SBI Holdings, Inc.

    19,011        229,140   

Secom Co., Ltd.

    15,800        911,252   

Sega Sammy Holdings, Inc.

    13,300        297,946   

Seiko Epson Corp.

    10,000        313,673   

Sekisui Chemical Co., Ltd.

    28,000        291,189   

Sekisui House, Ltd.

    36,000        447,044   

Seven & I Holdings Co., Ltd.

    53,100        2,029,818   

Seven Bank, Ltd.

    43,000        168,799   

Sharp Corp. (a) (b)

    103,000        313,472   

Shikoku Electric Power Co., Inc. (b)

    15,100        205,022   

Shimadzu Corp.

    17,000        151,264   

Shimamura Co., Ltd.

    1,400        121,252   

Shimano, Inc.

    5,600        563,493   

Shimizu Corp. (a)

    37,000        191,779   

Shin-Etsu Chemical Co., Ltd.

    30,100        1,721,737   

Shinsei Bank, Ltd. (a)

    100,000        196,642   

Shionogi & Co., Ltd.

    19,400        359,690   

Shiseido Co., Ltd.

    29,300        515,931   

Shizuoka Bank, Ltd. (The)

    41,000        400,500   

Showa Denko KK (a)

    129,000        182,668   

Showa Shell Sekiyu KK

    14,000        125,224   

SMC Corp.

    3,700        975,742   

SoftBank Corp.

    66,800        5,049,269   

Sojitz Corp.

    113,600        193,740   

Sony Corp. (a)

    78,100        1,492,161   

Sony Financial Holdings, Inc.

    12,800        209,798   

Stanley Electric Co., Ltd.

    11,800        261,883   

Sumitomo Chemical Co., Ltd.

    109,000        402,350   

Sumitomo Corp. (a)

    81,000        1,031,726   

Sumitomo Electric Industries, Ltd.

    56,334        838,810   

Sumitomo Heavy Industries, Ltd.

    39,000        159,445   

Sumitomo Metal Mining Co., Ltd.

    40,000        502,461   

Sumitomo Mitsui Financial Group, Inc.

    88,500        3,780,869   

Sumitomo Mitsui Trust Holdings, Inc.

    232,262        1,049,684   

 

MSF-144


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Sumitomo Realty & Development Co., Ltd.

    25,000      $ 979,161   

Sumitomo Rubber Industries, Ltd.

    12,500        160,018   

Suntory Beverage & Food, Ltd.

    12,400        427,733   

Suruga Bank, Ltd.

    13,000        229,000   

Suzuken Co., Ltd.

    5,300        205,283   

Suzuki Motor Corp.

    26,200        684,048   

Sysmex Corp.

    12,400        398,736   

T&D Holdings, Inc.

    38,800        461,527   

Taiheiyo Cement Corp. (a)

    82,000        295,735   

Taisei Corp.

    69,000        308,274   

Taisho Pharmaceutical Holdings Co., Ltd.

    3,000        243,123   

Takashimaya Co., Ltd.

    19,000        178,363   

Takeda Pharmaceutical Co., Ltd.

    56,900        2,699,729   

TDK Corp.

    8,400        350,922   

Teijin, Ltd.

    66,000        163,765   

Terumo Corp.

    21,600        471,952   

THK Co., Ltd.

    7,700        172,851   

Tobu Railway Co., Ltd.

    73,000        353,407   

Toho Co., Ltd.

    8,500        171,572   

Toho Gas Co., Ltd. (a)

    31,000        169,039   

Tohoku Electric Power Co., Inc.

    29,800        307,214   

Tokio Marine Holdings, Inc.

    49,400        1,484,335   

Tokyo Electric Power Co., Inc. (b)

    97,600        395,540   

Tokyo Electron, Ltd.

    12,400        763,002   

Tokyo Gas Co., Ltd.

    170,000        863,883   

Tokyo Tatemono Co., Ltd.

    29,000        248,702   

Tokyu Corp.

    76,000        468,109   

Tokyu Fudosan Holdings Corp.

    37,000        276,005   

TonenGeneral Sekiyu KK

    18,000        159,026   

Toppan Printing Co., Ltd. (a)

    41,000        293,841   

Toray Industries, Inc. (a)

    111,000        734,265   

Toshiba Corp.

    283,000        1,198,837   

TOTO, Ltd. (a)

    19,000        263,566   

Toyo Seikan Group Holdings, Ltd.

    10,200        165,719   

Toyo Suisan Kaisha, Ltd.

    6,000        200,458   

Toyota Industries Corp.

    12,600        605,562   

Toyota Motor Corp.

    193,200        10,897,342   

Toyota Tsusho Corp.

    14,200        360,683   

Trend Micro, Inc.

    7,000        216,882   

Ube Industries, Ltd.

    68,000        125,173   

Unicharm Corp. (a)

    7,600        407,804   

United Urban Investment Corp.

    167        245,710   

USS Co., Ltd.

    16,600        233,183   

West Japan Railway Co.

    11,700        478,022   

Yahoo Japan Corp.

    101,500        497,728   

Yakult Honsha Co., Ltd. (a)

    6,300        316,494   

Yamada Denki Co., Ltd. (a)

    55,900        186,477   

Yamaguchi Financial Group, Inc.

    15,000        135,148   

Yamaha Corp.

    11,000        141,729   

Yamaha Motor Co., Ltd.

    17,800        283,713   

Yamato Holdings Co., Ltd.

    27,000        582,594   

Yaskawa Electric Corp. (a)

    18,000        248,830   

Yokogawa Electric Corp.

    16,300        263,375   

Yokohama Rubber Co., Ltd. (The)

    15,000        141,043   
   

 

 

 
      182,292,286   
   

 

 

 

Luxembourg—0.2%

   

ArcelorMittal

    75,087      $ 1,216,962   

RTL Group S.A. (b)

    2,700        307,754   

Tenaris S.A.

    32,705        724,050   
   

 

 

 
      2,248,766   
   

 

 

 

Netherlands—3.1%

   

Aegon NV

    126,769        1,166,619   

Airbus Group NV

    40,799        2,927,144   

Akzo Nobel NV

    16,759        1,373,739   

ASML Holding NV

    24,785        2,295,623   

CNH Industrial NV (a) (b)

    61,911        713,680   

Corio NV

    4,074        186,400   

Delta Lloyd NV

    13,121        364,320   

Fugro NV (a)

    4,445        273,773   

Gemalto NV (a)

    5,659        659,371   

Heineken Holding NV

    6,283        405,963   

Heineken NV

    16,408        1,143,866   

ING Groep NV (b)

    268,652        3,819,905   

Koninklijke Ahold NV

    66,939        1,346,160   

Koninklijke Boskalis Westminster NV

    6,001        331,010   

Koninklijke DSM NV

    10,134        696,323   

Koninklijke KPN NV (b)

    230,706        816,732   

Koninklijke Philips NV

    65,768        2,314,698   

Koninklijke Vopak NV (a)

    4,391        245,465   

OCI (b)

    6,200        281,627   

QIAGEN NV (b)

    14,898        312,593   

Randstad Holding NV

    9,402        551,992   

Reed Elsevier NV

    48,042        1,040,069   

STMicroelectronics NV (a)

    44,693        414,073   

TNT Express NV

    37,717        371,659   

Unilever NV

    112,970        4,647,049   

Wolters Kluwer NV

    20,745        586,190   

Ziggo NV

    11,596        515,597   
   

 

 

 
      29,801,640   
   

 

 

 

New Zealand—0.1%

   

Auckland International Airport, Ltd. (b)

    110,236        364,470   

Fletcher Building, Ltd.

    46,652        386,046   

Ryman Healthcare, Ltd.

    29,900        227,751   

Telecom Corp. of New Zealand, Ltd. (a)

    132,317        280,187   
   

 

 

 
      1,258,454   
   

 

 

 

Norway—0.8%

   

Aker Solutions ASA

    11,775        183,387   

DNB ASA

    66,462        1,156,751   

Gjensidige Forsikring ASA

    14,357        292,058   

Norsk Hydro ASA (a)

    92,923        464,141   

Orkla ASA

    54,230        462,374   

Seadrill, Ltd. (a)

    27,606        974,613   

Statoil ASA

    78,090        2,205,924   

Subsea 7 S.A. (a)

    18,500        343,891   

Telenor ASA

    45,452        1,007,322   

Yara International ASA

    12,261        541,689   
   

 

 

 
      7,632,150   
   

 

 

 

 

MSF-145


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Portugal—0.2%

   

Banco Espirito Santo S.A. (b)

    142,170      $ 267,103   

EDP - Energias de Portugal S.A. (a)

    131,492        611,716   

Galp Energia SGPS S.A.

    24,066        416,271   

Jeronimo Martins SGPS S.A. (a)

    16,641        279,640   

Portugal Telecom SGPS S.A. (a)

    48,993        208,753   
   

 

 

 
      1,783,483   
   

 

 

 

Singapore—1.4%

   

Ascendas Real Estate Investment Trust

    141,000        253,311   

CapitaCommercial Trust (REIT) (a)

    143,000        169,096   

CapitaLand, Ltd.

    174,000        400,617   

CapitaMall Trust (REIT)

    240,200        360,854   

CapitaMalls Asia, Ltd. (a)

    101,000        143,671   

City Developments, Ltd. (a)

    34,000        273,646   

ComfortDelGro Corp., Ltd.

    153,000        241,770   

DBS Group Holdings, Ltd.

    120,467        1,551,380   

Genting Singapore plc

    418,200        444,886   

Global Logistic Properties, Ltd.

    212,000        446,502   

Golden Agri-Resources, Ltd.

    492,569        225,612   

Hutchison Port Holdings Trust - Class U

    350,000        227,820   

Jardine Cycle & Carriage, Ltd.

    8,000        289,298   

Keppel Corp., Ltd.

    102,700        888,871   

Olam International, Ltd. (a)

    109,000        192,802   

Oversea-Chinese Banking Corp., Ltd.

    179,880        1,397,334   

Sembcorp Industries, Ltd.

    71,000        310,363   

Sembcorp Marine, Ltd. (a)

    63,000        202,808   

Singapore Airlines, Ltd. (a)

    36,940        308,125   

Singapore Exchange, Ltd.

    56,000        308,926   

Singapore Press Holdings, Ltd. (a)

    107,250        358,092   

Singapore Technologies Engineering, Ltd.

    130,000        395,481   

Singapore Telecommunications, Ltd.

    557,820        1,622,426   

StarHub, Ltd.

    44,000        147,120   

United Overseas Bank, Ltd.

    88,392        1,525,115   

UOL Group, Ltd.

    33,000        164,186   

Wilmar International, Ltd.

    130,000        358,045   
   

 

 

 
      13,208,157   
   

 

 

 

Spain—3.4%

   

Abertis Infraestructuras S.A.

    28,628        654,647   

ACS Actividades de Construccion y Servicios S.A.

    12,305        484,246   

Amadeus IT Holding S.A. - A Shares

    26,116        1,086,427   

Banco Bilbao Vizcaya Argentaria S.A.

    410,826        4,945,119   

Banco de Sabadell S.A.

    247,269        765,104   

Banco Popular Espanol S.A.

    115,280        872,802   

Banco Santander S.A.

    810,225        7,740,397   

Bankia S.A. (b)

    281,294        595,065   

CaixaBank S.A. (a)

    122,496        789,433   

Distribuidora Internacional de Alimentacion S.A.

    40,028        366,516   

Enagas S.A.

    15,504        472,070   

Ferrovial S.A.

    28,234        613,421   

Gas Natural SDG S.A.

    24,586        692,537   

Grifols S.A.

    9,470        520,137   

Iberdrola S.A.

    336,559        2,357,068   

Inditex S.A.

    15,081        2,267,732   

Spain—(Continued)

  

International Consolidated Airlines Group S.A. - Class DI (b)

    71,373      498,291   

Mapfre S.A.

    74,474        314,583   

Red Electrica Corp. S.A.

    7,572        616,332   

Repsol S.A.

    59,282        1,515,513   

Telefonica S.A.

    284,361        4,504,614   

Zardoya Otis S.A. (a)

    9,160        156,353   
   

 

 

 
      32,828,407   
   

 

 

 

Sweden—3.1%

   

Alfa Laval AB

    20,852        565,057   

Assa Abloy AB - Class B

    23,170        1,235,368   

Atlas Copco AB - A Shares

    47,637        1,376,221   

Atlas Copco AB - B Shares

    26,827        734,346   

Boliden AB

    18,744        284,345   

Electrolux AB - Series B (a)

    17,118        372,940   

Elekta AB - B Shares (a)

    26,324        350,156   

Getinge AB - B Shares (a)

    13,484        379,387   

Hennes & Mauritz AB - B Shares

    67,689        2,879,711   

Hexagon AB - B Shares

    17,090        580,864   

Husqvarna AB - B Shares (a)

    25,677        179,058   

Industrivarden AB - C Shares

    8,655        167,632   

Investment AB Kinnevik - B Shares (a)

    14,418        532,030   

Investor AB - B Shares

    31,588        1,142,455   

Lundin Petroleum AB (b)

    16,017        328,640   

Millicom International Cellular S.A. (a)

    5,384        547,167   

Nordea Bank AB

    209,876        2,975,544   

Sandvik AB

    73,011        1,032,664   

Scania AB - B Shares

    21,772        639,282   

Securitas AB - B Shares

    21,462        248,698   

Skandinaviska Enskilda Banken AB - Class A (a)

    103,979        1,423,956   

Skanska AB - B Shares (a)

    30,119        709,090   

SKF AB - B Shares (a)

    26,654        682,041   

Svenska Cellulosa AB - B Shares

    40,587        1,192,928   

Svenska Handelsbanken AB - A Shares (a)

    34,300        1,720,871   

Swedbank AB - A Shares

    61,954        1,658,602   

Swedish Match AB

    14,499        472,877   

Tele2 AB - B Shares (a)

    21,032        260,334   

Telefonaktiebolaget LM Ericsson - B Shares (a)

    219,192        2,915,259   

TeliaSonera AB (a)

    162,992        1,228,119   

Volvo AB - B Shares (a)

    112,044        1,774,902   
   

 

 

 
      30,590,544   
   

 

 

 

Switzerland—9.0%

  

ABB, Ltd. (b)

    156,793        4,062,879   

Actelion, Ltd. (b)

    7,563        717,695   

Adecco S.A. (b)

    10,164        848,406   

Aryzta AG (b)

    5,635        498,600   

Baloise Holding AG

    3,194        401,943   

Barry Callebaut AG (b)

    132        178,185   

Cie Financiere Richemont S.A.

    36,003        3,450,092   

Coca-Cola HBC AG

    13,800        343,847   

Credit Suisse Group AG (b)

    106,196        3,441,550   

EMS-Chemie Holding AG

    579        219,598   

Geberit AG

    2,659        872,522   

Givaudan S.A. (b)

    646        1,001,061   

 

MSF-146


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

Holcim, Ltd. (b)

    16,305      $ 1,355,043   

Julius Baer Group, Ltd. (b)

    15,588        693,427   

Kuehne & Nagel International AG (a)

    4,135        579,743   

Lindt & Spruengli AG (b)

    7        412,455   

Lindt & Spruengli AG (Participation Certifcate) (b)

    55        272,852   

Lonza Group AG (b)

    4,413        451,792   

Nestle S.A.

    225,643        17,015,415   

Novartis AG

    160,952        13,681,357   

Pargesa Holding S.A.

    1,694        146,776   

Partners Group Holding AG

    1,228        345,618   

Roche Holding AG

    49,159        14,788,243   

Schindler Holding AG

    4,650        686,299   

SGS S.A.

    367        907,304   

Sika AG

    137        561,249   

Sonova Holding AG (b)

    4,058        594,155   

Sulzer AG

    1,649        227,099   

Swatch Group AG (The)

    5,323        1,700,429   

Swiss Life Holding AG (b)

    2,159        531,050   

Swiss Prime Site AG (b)

    3,833        326,294   

Swiss Re AG (b)

    24,745        2,297,845   

Swisscom AG

    1,631        1,002,344   

Syngenta AG

    6,383        2,423,018   

Transocean, Ltd. (Swiss-Traded Shares)

    24,746        1,021,862   

UBS AG (b)

    252,938        5,226,290   

Wolseley plc

    18,911        1,078,352   

Zurich Insurance Group AG (b)

    10,297        3,166,790   
   

 

 

 
      87,529,479   
   

 

 

 

United Kingdom—19.6%

   

3i Group plc

    63,549        422,011   

Aberdeen Asset Management plc

    61,345        399,943   

Admiral Group plc

    16,009        381,499   

Aggreko plc (a)

    18,556        465,232   

AMEC plc

    19,387        362,981   

Anglo American plc

    100,587        2,565,383   

Antofagasta plc

    26,957        376,103   

ARM Holdings plc

    102,474        1,727,977   

ASOS plc (b)

    3,794        328,425   

Associated British Foods plc

    24,859        1,152,770   

AstraZeneca plc

    87,843        5,691,615   

Aviva plc

    205,068        1,633,291   

Babcock International Group plc

    24,050        540,644   

BAE Systems plc

    224,576        1,560,145   

Barclays plc

    1,090,392        4,253,212   

BG Group plc

    236,047        4,402,352   

BHP Billiton plc

    146,472        4,521,246   

BP plc

    1,312,137        10,508,016   

British American Tobacco plc

    133,028        7,406,204   

British Land Co. plc

    73,348        800,631   

British Sky Broadcasting Group plc

    73,819        1,125,087   

BT Group plc

    549,280        3,495,860   

Bunzl plc

    22,401        597,117   

Burberry Group plc

    32,742        763,120   

Capita Group plc

    48,717        891,675   

Carnival plc

    12,088        461,255   

United Kingdom—(Continued)

  

Centrica plc

    369,393      2,034,196   

Cobham plc

    73,272        365,816   

Compass Group plc

    126,746        1,937,194   

Croda International plc

    9,658        411,254   

Diageo plc

    178,260        5,532,620   

Direct Line Insurance Group plc

    77,733        308,118   

easyJet plc

    10,815        309,566   

Fresnillo plc (a)

    11,783        165,892   

G4S plc

    106,542        429,708   

GKN plc

    126,099        820,890   

GlaxoSmithKline plc

    340,182        9,062,328   

GlencoreXstrata plc

    735,853        3,795,626   

Hammerson plc

    56,484        522,235   

Hargreaves Lansdown plc

    16,913        411,378   

HSBC Holdings plc

    1,311,854        13,282,707   

ICAP plc

    36,213        228,292   

IMI plc

    20,055        487,973   

Imperial Tobacco Group plc

    66,898        2,705,369   

Inmarsat plc

    28,473        345,116   

InterContinental Hotels Group plc

    20,173        649,288   

Intertek Group plc

    10,631        545,583   

Intu Properties plc

    48,962        230,521   

Investec plc

    41,855        338,798   

J Sainsbury plc (a)

    85,611        451,640   

Johnson Matthey plc

    13,894        758,274   

Kingfisher plc

    164,859        1,160,580   

Land Securities Group plc

    59,558        1,014,950   

Legal & General Group plc

    410,178        1,401,763   

Lloyds Banking Group plc (b)

    3,548,567        4,453,963   

London Stock Exchange Group plc

    12,221        401,823   

Marks & Spencer Group plc

    118,772        894,802   

Meggitt plc

    55,862        447,816   

Melrose Industries plc

    72,515        359,357   

National Grid plc

    261,011        3,584,771   

Next plc

    11,690        1,288,792   

Old Mutual plc

    337,381        1,132,832   

Pearson plc

    56,693        1,005,335   

Persimmon plc (b)

    20,663        463,825   

Petrofac, Ltd.

    17,337        416,867   

Prudential plc

    177,484        3,759,855   

Randgold Resources, Ltd.

    6,351        476,323   

Reckitt Benckiser Group plc

    44,859        3,655,911   

Reed Elsevier plc

    81,102        1,240,259   

Resolution, Ltd.

    99,349        495,369   

Rexam plc

    51,922        421,950   

Rio Tinto plc

    90,449        5,044,305   

Rolls-Royce Holdings plc (b)

    130,394        2,339,051   

Royal Bank of Scotland Group plc (b)

    147,994        768,785   

Royal Dutch Shell plc - A Shares

    270,136        9,874,353   

Royal Dutch Shell plc - B Shares

    173,340        6,762,577   

Royal Mail plc (b)

    45,481        427,306   

RSA Insurance Group plc

    233,187        348,104   

SABMiller plc

    67,875        3,390,242   

Sage Group plc (The)

    79,455        553,700   

Schroders plc

    6,754        292,967   

Segro plc

    61,844        342,710   

Serco Group plc

    34,317        240,833   

 

MSF-147


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

United Kingdom—(Continued)

  

Severn Trent plc

    16,575      $ 503,666   

Smith & Nephew plc

    66,221        1,003,316   

Smiths Group plc

    25,680        545,196   

SSE plc

    67,077        1,644,737   

Standard Chartered plc

    169,791        3,551,045   

Standard Life plc

    174,865        1,101,959   

Tate & Lyle plc

    33,576        374,121   

Tesco plc

    577,804        2,847,683   

Travis Perkins plc

    16,708        526,699   

TUI Travel plc

    32,223        235,487   

Tullow Oil plc

    61,905        773,360   

Unilever plc

    91,437        3,905,264   

United Utilities Group plc

    48,207        634,015   

Vodafone Group plc (b)

    1,849,678        6,809,693   

Weir Group plc (The)

    13,923        589,566   

Whitbread plc

    12,742        883,929   

William Hill plc

    58,853        334,828   

WM Morrison Supermarkets plc

    166,578        592,077   

WPP plc

    97,220        2,011,275   
   

 

 

 
      190,294,168   
   

 

 

 

Total Common Stocks
(Cost $756,780,617)

      919,815,440   
   

 

 

 
Investment Company Security—3.8%   

United States—3.8%

  

iShares MSCI EAFE ETF (a) (c)
(Cost $35,821,577)

    542,700        36,453,159   
   

 

 

 
Preferred Stocks—0.6%   

Germany—0.6%

  

Bayerische Motoren Werke (BMW) AG

    3,505        331,441   

Fuchs Petrolub SE (a)

    2,450        245,856   

Henkel AG & Co. KGaA

    12,771        1,375,095   

Porsche Automobil Holding SE

    10,260        1,054,108   

Volkswagen AG

    10,400        2,695,761   
   

 

 

 

Total Preferred Stocks
(Cost $2,794,830)

      5,702,261   
   

 

 

 
Rights—0.0%   

Hong Kong—0.0%

  

New World Development Co., Ltd., Expires 09/26/14 (b)

    87,177        17,981   
   

 

 

 

Spain—0.0%

  

Banco Bilbao Vizcaya Argentaria S.A., Expires 04/14/14 (b)

    410,826        96,257   
   

 

 

 

United Kingdom—0.0%

  

Intu Properties plc, Expires 04/17/14 (b)

    13,989      22,156   

RSA Insurance Group plc, Expires 04/09/14 (b)

    87,445        48,838   
   

 

 

 
      70,994   
   

 

 

 

Total Rights
(Cost $95,125)

      185,232   
   

 

 

 
Short-Term Investments—5.5%   

Discount Notes—0.4%

  

Federal Home Loan Bank

   

0.051%, 04/21/14 (d)

    600,000        599,983   

0.051%, 04/23/14 (d)

    125,000        124,996   

0.051%, 06/06/14 (d)

    100,000        99,991   

0.056%, 04/21/14 (d)

    975,000        974,970   

0.056%, 04/23/14 (d)

    250,000        249,992   

0.057%, 04/21/14 (d)

    575,000        574,982   

0.061%, 04/21/14 (d)

    75,000        74,997   

0.061%, 04/23/14 (d)

    175,000        174,994   

0.061%, 06/06/14 (d)

    875,000        874,904   

0.071%, 06/06/14 (d)

    600,000        599,923   
   

 

 

 
      4,349,732   
   

 

 

 

Mutual Fund—4.8%

  

State Street Navigator Securities Lending MET Portfolio (e)

    46,341,219        46,341,219   
   

 

 

 

U.S. Treasury—0.3%

  

U.S. Treasury Bills

   

0.020%, 05/08/14 (d)

    800,000        799,984   

0.021%, 05/08/14 (d)

    1,200,000        1,199,975   

0.047%, 05/08/14 (d)

    750,000        749,964   
   

 

 

 
      2,749,923   
   

 

 

 

Total Short-Term Investments
(Cost $53,440,874)

      53,440,874   
   

 

 

 

Total Investments— 104.5%
(Cost $848,933,023) (f)

      1,015,596,966   

Other assets and liabilities (net)—(4.5)%

      (43,520,806
   

 

 

 
Net Assets — 100.0%     $ 972,076,160   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $71,285,070 and the collateral received consisted of cash in the amount of $46,341,219 and non-cash collateral with a value of $27,262,678. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.

 

MSF-148


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

(c) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2014, the market value of securities pledged was $671,700.
(d) The rate shown represents the discount rate at the time of purchase by the Portfolio.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of March 31, 2014, the aggregate cost of investments was $848,933,023. The aggregate unrealized appreciation and depreciation of investments were $255,027,455 and $(88,363,512), respectively, resulting in net unrealized appreciation of $166,663,943.
(ETF)— Exchange-Traded Fund
(REIT)— A Real Estate Investment Trust is a pooled investment vehicle that invests primarily in income-producing real estate or real estate related loans or interest.

 

Ten Largest Industries as of
March 31, 2014

  

% of
Net Assets

 

Banks

     12.9   

Pharmaceuticals

     8.4   

Oil, Gas & Consumable Fuels

     5.9   

Insurance

     5.0   

Automobiles

     3.8   

Food Products

     3.7   

Metals & Mining

     3.5   

Chemicals

     3.3   

Diversified Telecommunication Services

     3.0   

Machinery

     2.5   

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

MSCI EAFE Mini Index Futures

     06/20/14         50         USD 4,587,190       $ 150,311   
           

 

 

 

 

(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

MSF-149


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Australia

   $ —         $ 72,526,141      $ —         $ 72,526,141   

Austria

     —           2,578,337        —           2,578,337   

Belgium

     —           11,261,937        —           11,261,937   

Denmark

     —           12,500,824        —           12,500,824   

Finland

     —           8,359,101        —           8,359,101   

France

     —           91,452,086        —           91,452,086   

Germany

     —           81,226,234        —           81,226,234   

Hong Kong

     —           25,781,767        —           25,781,767   

Ireland

     —           6,722,265        —           6,722,265   

Israel

     —           4,916,512        —           4,916,512   

Italy

     —           23,022,702        —           23,022,702   

Japan

     —           182,292,286        —           182,292,286   

Luxembourg

     —           2,248,766        —           2,248,766   

Netherlands

     659,371         29,142,269        —           29,801,640   

New Zealand

     —           1,258,454        —           1,258,454   

Norway

     —           7,632,150        —           7,632,150   

Portugal

     —           1,783,483        —           1,783,483   

Singapore

     —           13,208,157        —           13,208,157   

Spain

     —           32,828,407        —           32,828,407   

Sweden

     —           30,590,544        —           30,590,544   

Switzerland

     —           87,529,479        —           87,529,479   

United Kingdom

     —           190,294,168        —           190,294,168   

Total Common Stocks

     659,371         919,156,069        —           919,815,440   

Total Investment Company Security*

     36,453,159         —          —           36,453,159   

Total Preferred Stocks*

     —           5,702,261        —           5,702,261   

Total Rights*

     185,232         —          —           185,232   
Short-Term Investments           

Discount Notes

     —           4,349,732        —           4,349,732   

Mutual Fund

     46,341,219         —          —           46,341,219   

U.S. Treasury

     —           2,749,923        —           2,749,923   

Total Short-Term Investments

     46,341,219         7,099,655        —           53,440,874   

Total Investments

   $ 83,638,981       $ 931,957,985      $ —         $ 1,015,596,966   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (46,341,219   $ —         $ (46,341,219
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 150,311       $ —        $ —         $ 150,311   

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $181,991 were due to the application of a systematic fair valuation model factor.

 

MSF-150


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—96.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.1%

  

Cubic Corp.

    32,200      $ 1,644,454   
   

 

 

 

Air Freight & Logistics—0.5%

  

Forward Air Corp.

    192,076        8,856,624   
   

 

 

 

Auto Components—0.4%

  

Gentex Corp.

    211,500        6,668,595   
   

 

 

 

Banks—8.1%

  

Bank of Hawaii Corp.

    298,000        18,061,780   

Bank of the Ozarks, Inc.

    157,138        10,694,812   

BankUnited, Inc.

    374,800        13,031,796   

BOK Financial Corp.

    177,182        12,234,417   

Community Bank System, Inc.

    147,187        5,743,237   

Cullen/Frost Bankers, Inc.

    249,398        19,335,827   

CVB Financial Corp.

    353,100        5,614,290   

First Financial Bankshares, Inc.

    237,355        14,666,166   

FNB Corp.

    515,148        6,902,983   

PacWest Bancorp

    286,628        12,327,870   

ViewPoint Financial Group, Inc.

    147,400        4,252,490   

Westamerica Bancorp

    171,400        9,269,312   
   

 

 

 
      132,134,980   
   

 

 

 

Beverages—0.9%

  

Boston Beer Co., Inc. (The) - Class A (a)

    61,472        15,044,043   
   

 

 

 

Building Products—0.9%

  

AAON, Inc.

    199,615        5,563,270   

AO Smith Corp.

    189,500        8,720,790   
   

 

 

 
      14,284,060   
   

 

 

 

Chemicals—4.6%

  

Balchem Corp.

    241,063        12,564,203   

Hawkins, Inc.

    100,090        3,677,307   

Innophos Holdings, Inc.

    186,511        10,575,174   

NewMarket Corp.

    25,017        9,776,143   

RPM International, Inc.

    165,400        6,920,336   

Sensient Technologies Corp.

    460,000        25,948,600   

Stepan Co.

    86,018        5,553,322   
   

 

 

 
      75,015,085   
   

 

 

 

Commercial Services & Supplies—3.9%

  

Copart, Inc. (a)

    31,900        1,160,841   

Healthcare Services Group, Inc.

    590,414        17,157,431   

Rollins, Inc.

    713,110        21,564,446   

Team, Inc. (a)

    101,803        4,363,277   

UniFirst Corp.

    52,600        5,782,844   

United Stationers, Inc.

    334,674        13,745,061   
   

 

 

 
      63,773,900   
   

 

 

 

Communications Equipment—0.7%

  

NETGEAR, Inc. (a)

    339,300        11,444,589   
   

 

 

 

Construction & Engineering—0.1%

  

Primoris Services Corp.

    81,500        2,443,370   
   

 

 

 

Construction Materials—0.5%

  

Eagle Materials, Inc.

    93,400      8,280,844   
   

 

 

 

Containers & Packaging—2.6%

  

Aptargroup, Inc.

    474,254        31,348,189   

Silgan Holdings, Inc.

    212,000        10,498,240   
   

 

 

 
      41,846,429   
   

 

 

 

Distributors—1.4%

  

Pool Corp.

    366,860        22,495,855   
   

 

 

 

Electrical Equipment—0.6%

  

Franklin Electric Co., Inc.

    102,400        4,354,048   

Thermon Group Holdings, Inc. (a)

    212,500        4,925,750   
   

 

 

 
      9,279,798   
   

 

 

 

Electronic Equipment, Instruments & Components—3.8%

  

Badger Meter, Inc.

    162,688        8,964,109   

FEI Co.

    228,254        23,514,727   

Littelfuse, Inc.

    59,200        5,543,488   

Rogers Corp. (a)

    72,800        4,544,176   

Zebra Technologies Corp. - Class A (a)

    290,382        20,155,415   
   

 

 

 
      62,721,915   
   

 

 

 

Energy Equipment & Services—4.9%

  

Canadian Energy Services & Technology Corp.

    34,700        899,909   

CARBO Ceramics, Inc.

    166,100        22,920,139   

Natural Gas Services Group, Inc. (a)

    257,735        7,768,133   

Oceaneering International, Inc.

    372,500        26,767,850   

Pason Systems, Inc.

    529,800        13,372,152   

ShawCor, Ltd.

    185,100        7,707,564   
   

 

 

 
      79,435,747   
   

 

 

 

Food & Staples Retailing—0.2%

  

North West Co., Inc. (The)

    151,600        3,374,616   
   

 

 

 

Food Products—2.3%

  

B&G Foods, Inc.

    237,200        7,142,092   

Flowers Foods, Inc.

    424,050        9,095,872   

J&J Snack Foods Corp.

    101,009        9,693,834   

Lancaster Colony Corp.

    116,900        11,622,198   
   

 

 

 
      37,553,996   
   

 

 

 

Gas Utilities—0.5%

  

South Jersey Industries, Inc.

    145,300        8,149,877   
   

 

 

 

Health Care Equipment & Supplies—5.8%

  

Abaxis, Inc. (a)

    178,254        6,930,516   

Cyberonics, Inc. (a)

    59,400        3,875,850   

Haemonetics Corp. (a)

    504,208        16,432,139   

IDEXX Laboratories, Inc. (a)

    166,700        20,237,380   

Meridian Bioscience, Inc.

    369,100        8,042,689   

Sirona Dental Systems, Inc. (a)

    238,300        17,793,861   

West Pharmaceutical Services, Inc.

    493,566        21,741,582   
   

 

 

 
      95,054,017   
   

 

 

 

 

MSF-151


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Providers & Services—2.8%

  

Amsurg Corp. (a)

    107,842      $ 5,077,201   

Henry Schein, Inc. (a)

    179,400        21,414,978   

MWI Veterinary Supply, Inc. (a)

    121,355        18,885,265   
   

 

 

 
      45,377,444   
   

 

 

 

Hotels, Restaurants & Leisure—4.5%

  

Bally Technologies, Inc. (a)

    296,830        19,670,924   

Brinker International, Inc.

    322,000        16,888,900   

Cheesecake Factory, Inc. (The)

    184,200        8,773,446   

Cracker Barrel Old Country Store, Inc.

    83,800        8,148,712   

Papa John’s International, Inc.

    220,200        11,474,622   

Texas Roadhouse, Inc.

    323,100        8,426,448   
   

 

 

 
      73,383,052   
   

 

 

 

Household Durables—0.2%

  

Leggett & Platt, Inc.

    126,100        4,115,904   
   

 

 

 

Household Products—2.2%

  

Church & Dwight Co., Inc.

    522,300        36,075,261   
   

 

 

 

Industrial Conglomerates—0.7%

  

Raven Industries, Inc.

    337,029        11,037,700   
   

 

 

 

Insurance—1.0%

  

RLI Corp.

    240,540        10,641,490   

Safety Insurance Group, Inc.

    102,900        5,541,165   
   

 

 

 
      16,182,655   
   

 

 

 

Internet Software & Services—0.3%

  

j2 Global, Inc.

    105,100        5,260,255   
   

 

 

 

IT Services—1.4%

  

Jack Henry & Associates, Inc.

    227,800        12,702,128   

Sapient Corp. (a)

    622,073        10,612,565   
   

 

 

 
      23,314,693   
   

 

 

 

Leisure Products—1.7%

  

Polaris Industries, Inc.

    201,698        28,179,228   
   

 

 

 

Life Sciences Tools & Services—2.3%

  

ICON plc (a)

    468,937        22,297,954   

PAREXEL International Corp. (a)

    157,800        8,535,402   

Techne Corp.

    77,100        6,582,027   
   

 

 

 
      37,415,383   
   

 

 

 

Machinery—10.4%

  

Chart Industries, Inc. (a)

    73,500        5,846,925   

CLARCOR, Inc.

    423,702        24,299,310   

Donaldson Co., Inc.

    287,800        12,202,720   

Graco, Inc.

    89,300        6,674,282   

Lincoln Electric Holdings, Inc.

    64,578        4,650,262   

Middleby Corp. (The) (a)

    59,900        15,826,179   

Nordson Corp.

    244,962        17,267,371   

RBC Bearings, Inc. (a)

    50,800        3,235,960   

Tennant Co.

    86,278        5,661,562   

Machinery—(Continued)

  

Toro Co. (The)

    251,300      15,879,647   

Valmont Industries, Inc.

    135,000        20,093,400   

Wabtec Corp.

    488,400        37,851,000   
   

 

 

 
      169,488,618   
   

 

 

 

Media—1.2%

  

LIN Media LLC - Class A (a)

    204,300        5,413,950   

Media General, Inc. (a)

    190,400        3,497,648   

Nexstar Broadcasting Group, Inc. - Class A

    309,300        11,604,936   
   

 

 

 
      20,516,534   
   

 

 

 

Metals & Mining—1.2%

  

Alamos Gold, Inc. (a)

    624,100        5,629,382   

Compass Minerals International, Inc.

    178,000        14,688,560   
   

 

 

 
      20,317,942   
   

 

 

 

Multi-Utilities—0.3%

  

NorthWestern Corp.

    106,700        5,060,781   
   

 

 

 

Oil, Gas & Consumable Fuels—2.0%

  

Evolution Petroleum Corp.

    122,500        1,559,425   

Gulfport Energy Corp. (a)

    266,100        18,940,998   

Laredo Petroleum, Inc. (a)

    179,700        4,647,042   

Oasis Petroleum, Inc. (a)

    146,800        6,125,964   

Painted Pony Petroleum, Ltd. (a)

    267,900        2,205,041   
   

 

 

 
      33,478,470   
   

 

 

 

Paper & Forest Products—0.6%

  

Stella-Jones, Inc.

    242,900        6,689,976   

Stella-Jones, Inc. (144A)

    103,200        2,866,822   
   

 

 

 
      9,556,798   
   

 

 

 

Professional Services—0.9%

  

Exponent, Inc.

    167,578        12,578,405   

Mistras Group, Inc. (a)

    64,934        1,478,547   
   

 

 

 
      14,056,952   
   

 

 

 

Real Estate Management & Development—2.6%

  

Altisource Asset Management Corp. (a)

    17,605        18,919,213   

Altisource Portfolio Solutions S.A. (a)

    191,352        23,279,885   
   

 

 

 
      42,199,098   
   

 

 

 

Road & Rail—0.3%

  

Genesee & Wyoming, Inc. - Class A (a)

    52,900        5,148,228   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.0%

  

Hittite Microwave Corp.

    267,092        16,837,480   

Power Integrations, Inc.

    235,030        15,460,273   
   

 

 

 
      32,297,753   
   

 

 

 

Software—8.1%

  

Advent Software, Inc.

    241,200        7,081,632   

Computer Modelling Group, Ltd.

    152,800        4,062,967   

 

MSF-152


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Software—(Continued)

  

Constellation Software, Inc.

    90,450      $ 21,927,273   

FactSet Research Systems, Inc.

    91,100        9,821,491   

Manhattan Associates, Inc. (a)

    629,676        22,057,550   

MICROS Systems, Inc. (a)

    395,632        20,940,802   

Monotype Imaging Holdings, Inc.

    304,793        9,186,461   

Solera Holdings, Inc.

    328,300        20,794,522   

Tyler Technologies, Inc. (a)

    192,500        16,108,400   
   

 

 

 
      131,981,098   
   

 

 

 

Specialty Retail—2.8%

  

Hibbett Sports, Inc. (a)

    244,700        12,939,736   

Sally Beauty Holdings, Inc. (a)

    488,900        13,395,860   

Tractor Supply Co.

    267,700        18,907,651   
   

 

 

 
      45,243,247   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.0%

  

Electronics For Imaging, Inc. (a)

    15,400        666,974   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.5%

  

Wolverine World Wide, Inc.

    266,700        7,614,285   
   

 

 

 

Thrifts & Mortgage Finance—1.6%

  

Home Loan Servicing Solutions, Ltd.

    674,739        14,574,362   

Ocwen Financial Corp. (a)

    307,000        12,028,260   
   

 

 

 
      26,602,622   
   

 

 

 

Trading Companies & Distributors—2.2%

  

Applied Industrial Technologies, Inc.

    286,807        13,835,570   

Beacon Roofing Supply, Inc. (a)

    226,013        8,737,662   

MSC Industrial Direct Co., Inc. - Class A

    59,800        5,173,896   

Watsco, Inc.

    90,625        9,054,344   
   

 

 

 
      36,801,472   
   

 

 

 

Total Common Stocks
(Cost $1,054,178,099)

      1,580,875,241   
   

 

 

 
Short-Term Investment—3.3%   
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—3.3%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $54,080,000 on 04/01/14, collateralized by $55,025,000 U.S. Treasury Note at 0.625% due 11/15/16 with a value of $55,162,563.

    54,080,000      54,080,000   
   

 

 

 

Total Short-Term Investment
(Cost $54,080,000)

      54,080,000   
   

 

 

 

Total Investments—99.9%
(Cost $1,108,258,099) (b)

      1,634,955,241   

Other assets and liabilities (net)—0.1%

      1,561,976   
   

 

 

 
Net Assets—100.0%     $ 1,636,517,217   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) As of March 31, 2014, the aggregate cost of investments was $1,108,258,099. The aggregate unrealized appreciation and depreciation of investments were $534,424,658 and $(7,727,516), respectively, resulting in net unrealized appreciation of $526,697,142.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $2,866,822, which is 0.2% of net assets.

 

MSF-153


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 1,644,454       $ —         $ —         $ 1,644,454   

Air Freight & Logistics

     8,856,624         —           —           8,856,624   

Auto Components

     6,668,595         —           —           6,668,595   

Banks

     132,134,980         —           —           132,134,980   

Beverages

     15,044,043         —           —           15,044,043   

Building Products

     14,284,060         —           —           14,284,060   

Chemicals

     75,015,085         —           —           75,015,085   

Commercial Services & Supplies

     63,773,900         —           —           63,773,900   

Communications Equipment

     11,444,589         —           —           11,444,589   

Construction & Engineering

     2,443,370         —           —           2,443,370   

Construction Materials

     8,280,844         —           —           8,280,844   

Containers & Packaging

     41,846,429         —           —           41,846,429   

Distributors

     22,495,855         —           —           22,495,855   

Electrical Equipment

     9,279,798         —           —           9,279,798   

Electronic Equipment, Instruments & Components

     62,721,915         —           —           62,721,915   

Energy Equipment & Services

     79,435,747         —           —           79,435,747   

Food & Staples Retailing

     3,374,616         —           —           3,374,616   

Food Products

     37,553,996         —           —           37,553,996   

Gas Utilities

     8,149,877         —           —           8,149,877   

Health Care Equipment & Supplies

     95,054,017         —           —           95,054,017   

Health Care Providers & Services

     45,377,444         —           —           45,377,444   

Hotels, Restaurants & Leisure

     73,383,052         —           —           73,383,052   

Household Durables

     4,115,904         —           —           4,115,904   

Household Products

     36,075,261         —           —           36,075,261   

Industrial Conglomerates

     11,037,700         —           —           11,037,700   

Insurance

     16,182,655         —           —           16,182,655   

Internet Software & Services

     5,260,255         —           —           5,260,255   

IT Services

     23,314,693         —           —           23,314,693   

Leisure Products

     28,179,228         —           —           28,179,228   

Life Sciences Tools & Services

     37,415,383         —           —           37,415,383   

Machinery

     169,488,618         —           —           169,488,618   

Media

     20,516,534         —           —           20,516,534   

Metals & Mining

     20,317,942         —           —           20,317,942   

Multi-Utilities

     5,060,781         —           —           5,060,781   

Oil, Gas & Consumable Fuels

     33,478,470         —           —           33,478,470   

Paper & Forest Products

     6,689,976         2,866,822         —           9,556,798   

 

MSF-154


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Professional Services

   $ 14,056,952       $ —         $ —         $ 14,056,952   

Real Estate Management & Development

     42,199,098         —           —           42,199,098   

Road & Rail

     5,148,228         —           —           5,148,228   

Semiconductors & Semiconductor Equipment

     32,297,753         —           —           32,297,753   

Software

     131,981,098         —           —           131,981,098   

Specialty Retail

     45,243,247         —           —           45,243,247   

Technology Hardware, Storage & Peripherals

     666,974         —           —           666,974   

Textiles, Apparel & Luxury Goods

     7,614,285         —           —           7,614,285   

Thrifts & Mortgage Finance

     26,602,622         —           —           26,602,622   

Trading Companies & Distributors

     36,801,472         —           —           36,801,472   

Total Common Stocks

     1,578,008,419         2,866,822         —           1,580,875,241   

Total Short-Term Investment*

     —           54,080,000         —           54,080,000   

Total Investments

   $ 1,578,008,419       $ 56,946,822       $ —         $ 1,634,955,241   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-155


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—94.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.7%

  

AAR Corp. (a)

    20,590      $ 534,310   

Aerovironment, Inc. (b)

    8,967        360,922   

American Science & Engineering, Inc.

    4,769        320,334   

Astronics Corp. (b)

    7,718        489,398   

Cubic Corp.

    9,993        510,343   

Curtiss-Wright Corp.

    23,640        1,502,086   

DigitalGlobe, Inc. (b)

    37,451        1,086,453   

Ducommun, Inc. (b)

    5,534        138,682   

Engility Holdings, Inc. (b)

    8,737        393,602   

Esterline Technologies Corp. (b)

    15,964        1,700,805   

GenCorp, Inc. (a) (b)

    29,383        536,827   

HEICO Corp. (a)

    33,494        2,014,999   

KEYW Holding Corp. (The) (a) (b)

    16,705        312,551   

Kratos Defense & Security Solutions, Inc. (a) (b)

    22,697        171,135   

Moog, Inc. - Class A (b)

    22,907        1,500,638   

National Presto Industries, Inc. (a)

    2,572        200,719   

Orbital Sciences Corp. (b)

    29,768        830,527   

Sparton Corp. (b)

    5,744        168,184   

Taser International, Inc. (b)

    26,071        476,839   

Teledyne Technologies, Inc. (b)

    18,825        1,832,237   
   

 

 

 
      15,081,591   
   

 

 

 

Air Freight & Logistics—0.4%

  

Air Transport Services Group, Inc. (b)

    26,883        211,032   

Atlas Air Worldwide Holdings, Inc. (a) (b)

    13,131        463,130   

Echo Global Logistics, Inc. (a) (b)

    8,016        146,853   

Forward Air Corp.

    15,560        717,472   

HUB Group, Inc. - Class A (a) (b)

    19,221        768,648   

Pacer International, Inc. (b)

    18,622        166,853   

Park-Ohio Holdings Corp. (b)

    4,748        266,600   

UTi Worldwide, Inc. (a)

    45,516        482,014   

XPO Logistics, Inc. (a) (b)

    24,587        723,104   
   

 

 

 
      3,945,706   
   

 

 

 

Airlines—0.5%

  

Allegiant Travel Co.

    7,740        866,338   

Hawaiian Holdings, Inc. (a) (b)

    26,730        373,151   

JetBlue Airways Corp. (a) (b)

    117,553        1,021,536   

Republic Airways Holdings, Inc. (b)

    25,789        235,712   

SkyWest, Inc.

    24,419        311,586   

Spirit Airlines, Inc. (b)

    30,196        1,793,642   
   

 

 

 
      4,601,965   
   

 

 

 

Auto Components—1.0%

  

American Axle & Manufacturing Holdings, Inc. (b)

    34,595        640,699   

Cooper Tire & Rubber Co. (a)

    32,939        800,418   

Dana Holding Corp. (a)

    80,136        1,864,765   

Dorman Products, Inc. (a) (b)

    12,774        754,432   

Drew Industries, Inc.

    11,598        628,612   

Federal-Mogul Corp. (a) (b)

    10,391        194,416   

Gentherm, Inc. (b)

    19,455        675,478   

Modine Manufacturing Co. (a) (b)

    24,735        362,368   

Remy International, Inc. (a)

    9,705        229,232   

Auto Components—(Continued)

  

Standard Motor Products, Inc.

    9,638      344,751   

Stoneridge, Inc. (b)

    13,705        153,907   

Superior Industries International, Inc. (a)

    12,615        258,481   

Tenneco, Inc. (b)

    30,850        1,791,459   
   

 

 

 
      8,699,018   
   

 

 

 

Automobiles—0.0%

   

Winnebago Industries, Inc. (a) (b)

    16,165        442,759   
   

 

 

 

Banks—6.8%

   

1st Source Corp.

    8,143        261,309   

1st United Bancorp, Inc. (a)

    12,631        96,753   

Ameris Bancorp (b)

    13,498        314,503   

Ames National Corp.

    4,449        98,056   

Arrow Financial Corp. (a)

    5,595        147,932   

Bancfirst Corp. (a)

    4,227        239,375   

Banco Latinoamericano de Comercio Exterior S.A. - Class E

    14,005        369,872   

Bancorp, Inc. (b)

    17,608        331,206   

BancorpSouth, Inc. (a)

    48,388        1,207,764   

Bank of Kentucky Financial Corp. (a)

    3,484        130,789   

Bank of Marin Bancorp (a)

    3,199        144,019   

Bank of the Ozarks, Inc. (a)

    15,721        1,069,971   

Banner Corp.

    10,387        428,048   

BBCN Bancorp, Inc.

    39,760        681,486   

BNC Bancorp (a)

    10,025        173,733   

Boston Private Financial Holdings, Inc.

    40,232        544,339   

Bridge Bancorp, Inc.

    6,098        162,878   

Bridge Capital Holdings (a) (b)

    5,459        129,706   

Bryn Mawr Bank Corp.

    6,395        183,728   

Camden National Corp. (a)

    3,953        162,864   

Capital Bank Financial Corp. - Class A (b)

    12,884        323,517   

Cardinal Financial Corp.

    17,067        304,305   

Cathay General Bancorp (a)

    39,976        1,006,995   

Center Bancorp, Inc.

    6,530        124,070   

Centerstate Banks, Inc.

    16,702        182,386   

Central Pacific Financial Corp.

    11,945        241,289   

Chemical Financial Corp. (a)

    16,708        542,175   

Citizens & Northern Corp. (a)

    6,716        132,372   

City Holding Co. (a)

    8,336        373,953   

CNB Financial Corp. (a)

    6,782        119,906   

CoBiz Financial, Inc.

    17,832        205,425   

Columbia Banking System, Inc.

    26,670        760,628   

Community Bank System, Inc. (a)

    21,059        821,722   

Community Trust Bancorp, Inc.

    7,420        307,782   

Customers Bancorp, Inc. (b)

    10,624        221,723   

CVB Financial Corp. (a)

    47,878        761,260   

Eagle Bancorp, Inc. (b)

    11,635        420,024   

Enterprise Financial Services Corp.

    11,259        225,968   

Fidelity Southern Corp. (a)

    7,991        111,634   

Financial Institutions, Inc. (a)

    6,461        148,732   

First Bancorp (a)

    47,589        375,134   

First Busey Corp.

    42,355        245,659   

First Commonwealth Financial Corp. (a)

    50,529        456,782   

First Community Bancshares, Inc.

    8,470        138,569   

First Connecticut Bancorp, Inc. (a)

    9,833        153,985   

 

MSF-156


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

   

First Financial Bancorp (a)

    30,745      $ 552,795   

First Financial Bankshares, Inc. (a)

    16,756        1,035,353   

First Financial Corp. (a)

    6,038        203,360   

First Financial Holdings, Inc.

    12,195        763,651   

First Interstate Bancsystem, Inc.

    9,233        260,555   

First Merchants Corp.

    18,171        393,220   

First Midwest Bancorp, Inc.

    38,435        656,470   

First of Long Island Corp. (The) (a)

    3,355        136,247   

FirstMerit Corp.

    83,808        1,745,721   

Flushing Financial Corp.

    17,365        365,881   

FNB Corp. (a)

    76,466        1,024,644   

German American Bancorp, Inc. (a)

    6,759        195,268   

Glacier Bancorp, Inc. (a)

    36,532        1,061,985   

Great Southern Bancorp, Inc. (a)

    6,069        182,252   

Guaranty Bancorp (a)

    8,675        123,619   

Hancock Holding Co.

    42,609        1,561,620   

Hanmi Financial Corp. (a)

    17,546        408,822   

Heartland Financial USA, Inc. (a)

    7,703        207,904   

Heritage Financial Corp. (a)

    10,314        174,513   

Home BancShares, Inc.

    23,766        818,026   

Home Federal Bancorp, Inc.

    10,146        157,872   

HomeTrust Bancshares, Inc. (a) (b)

    10,270        162,061   

Horizon Bancorp (a)

    4,830        107,612   

Hudson Valley Holding Corp.

    7,889        150,285   

Iberiabank Corp.

    15,241        1,069,156   

Independent Bank Corp. (a)

    11,835        465,944   

Independent Bank Group, Inc. (a)

    2,173        127,664   

International Bancshares Corp.

    27,173        681,499   

Investors Bancorp, Inc. (a)

    25,955        717,396   

Lakeland Bancorp, Inc. (a)

    16,496        185,580   

Lakeland Financial Corp. (a)

    9,208        370,346   

MainSource Financial Group, Inc. (a)

    12,295        210,245   

MB Financial, Inc.

    28,968        896,849   

Metro Bancorp, Inc. (b)

    7,930        167,640   

National Bank Holdings Corp. - Class A

    21,956        440,657   

National Bankshares, Inc.

    4,218        153,999   

National Penn Bancshares, Inc.

    59,275        619,424   

NBT Bancorp, Inc. (a)

    24,027        587,700   

OFG Bancorp

    25,382        436,317   

Old National Bancorp

    53,086        791,512   

OmniAmerican Bancorp, Inc.

    7,185        163,746   

Pacific Continental Corp.

    10,841        149,172   

Pacific Premier Bancorp, Inc. (a) (b)

    8,535        137,755   

PacWest Bancorp (a)

    19,360        832,674   

Park National Corp.

    5,759        442,810   

Park Sterling Corp.

    31,667        210,586   

Peapack Gladstone Financial Corp.

    6,672        146,757   

Penns Woods Bancorp, Inc. (a)

    1,988        96,975   

Peoples Bancorp, Inc.

    5,988        148,083   

Pinnacle Financial Partners, Inc. (a)

    18,820        705,562   

Preferred Bank (b)

    6,777        175,931   

PrivateBancorp, Inc.

    33,931        1,035,235   

Prosperity Bancshares, Inc. (a)

    30,210        1,998,391   

Renasant Corp. (a)

    15,636        454,226   

Republic Bancorp, Inc. - Class A

    5,421        122,515   

S&T Bancorp, Inc. (a)

    15,660        371,142   

Sandy Spring Bancorp, Inc.

    13,670        341,477   

Banks—(Continued)

   

Seacoast Banking Corp. of Florida (b)

    9,511      104,583   

Sierra Bancorp

    7,033        111,965   

Simmons First National Corp. - Class A (a)

    9,347        348,363   

Southside Bancshares, Inc. (a)

    8,740        274,261   

Southwest Bancorp, Inc.

    11,069        195,479   

State Bank Financial Corp.

    16,379        289,745   

Sterling Bancorp

    42,278        535,239   

Sterling Financial Corp. (a)

    17,351        578,309   

Suffolk Bancorp (a) (b)

    6,378        142,229   

Susquehanna Bancshares, Inc.

    93,642        1,066,582   

SY Bancorp, Inc. (a)

    7,089        224,296   

Talmer Bancorp, Inc. - Class A (b)

    13,716        200,747   

Taylor Capital Group, Inc. (a) (b)

    7,775        185,978   

Texas Capital Bancshares, Inc. (a) (b)

    21,162        1,374,260   

Tompkins Financial Corp. (a)

    7,424        363,479   

TowneBank (a)

    12,365        191,781   

Trico Bancshares (a)

    8,062        209,048   

Trustmark Corp. (a)

    34,161        865,981   

UMB Financial Corp. (a)

    17,961        1,162,077   

Umpqua Holdings Corp. (a)

    55,322        1,031,202   

Union First Market Bankshares Corp.

    22,489        571,670   

United Bankshares, Inc.

    32,578        997,538   

United Community Banks, Inc. (b)

    21,449        416,325   

Univest Corp. of Pennsylvania

    9,559        196,151   

ViewPoint Financial Group, Inc.

    20,388        588,194   

Washington Banking Co.

    9,167        162,989   

Washington Trust Bancorp, Inc.

    7,713        289,006   

Webster Financial Corp.

    45,341        1,408,291   

WesBanco, Inc.

    12,861        409,366   

West Bancorp, Inc. (a)

    8,036        122,067   

Westamerica Bancorp (a)

    14,310        773,885   

Western Alliance Bancorp (b)

    37,712        927,715   

Wilshire Bancorp, Inc.

    35,291        391,730   

Wintrust Financial Corp.

    22,057        1,073,294   

Yadkin Financial Corp. (b)

    7,897        169,075   
   

 

 

 
      61,441,927   
   

 

 

 

Beverages—0.2%

  

Boston Beer Co., Inc. (The) - Class A (a) (b)

    4,482        1,096,880   

Coca-Cola Bottling Co. Consolidated (a)

    2,376        201,913   

National Beverage Corp. (a) (b)

    7,440        145,154   
   

 

 

 
      1,443,947   
   

 

 

 

Biotechnology—4.2%

  

ACADIA Pharmaceuticals, Inc. (a) (b)

    39,405        958,724   

Acceleron Pharma, Inc. (a) (b)

    3,354        115,713   

Achillion Pharmaceuticals, Inc. (a) (b)

    49,415        162,575   

Acorda Therapeutics, Inc. (b)

    20,455        775,449   

Aegerion Pharmaceuticals, Inc. (a) (b)

    14,687        677,364   

Agios Pharmaceuticals, Inc. (a) (b)

    3,963        155,151   

Alnylam Pharmaceuticals, Inc. (b)

    30,144        2,023,868   

AMAG Pharmaceuticals, Inc. (a) (b)

    11,699        226,376   

Anacor Pharmaceuticals, Inc. (b)

    14,559        291,326   

Arena Pharmaceuticals, Inc. (a) (b)

    114,562        721,741   

Array BioPharma, Inc. (a) (b)

    63,397        297,966   

Auspex Pharmaceuticals, Inc. (b)

    6,206        190,897   

 

MSF-157


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Biotechnology—(Continued)

  

Cell Therapeutics, Inc. (a) (b)

    63,353      $ 215,400   

Celldex Therapeutics, Inc. (a) (b)

    45,622        806,141   

Cepheid, Inc. (a) (b)

    34,332        1,770,845   

Chelsea Therapeutics International, Ltd. (a) (b)

    38,469        212,349   

Chimerix, Inc. (b)

    4,867        111,162   

Clovis Oncology, Inc. (b)

    9,325        645,943   

Curis, Inc. (a) (b)

    43,921        123,857   

Cytokinetics, Inc. (a) (b)

    15,263        144,999   

Dendreon Corp. (a) (b)

    82,091        245,452   

Durata Therapeutics, Inc. (a) (b)

    7,485        100,748   

Dyax Corp. (b)

    69,204        621,452   

Dynavax Technologies Corp. (a) (b)

    140,824        253,483   

Emergent Biosolutions, Inc. (a) (b)

    13,410        338,871   

Exact Sciences Corp. (a) (b)

    36,373        515,405   

Exelixis, Inc. (a) (b)

    94,969        336,190   

Foundation Medicine, Inc. (a) (b)

    3,945        127,700   

Galena Biopharma, Inc. (a) (b)

    47,568        118,920   

Genomic Health, Inc. (a) (b)

    8,810        232,055   

Geron Corp. (a) (b)

    72,481        150,760   

Halozyme Therapeutics, Inc. (a) (b)

    47,510        603,377   

Hyperion Therapeutics, Inc. (a) (b)

    4,670        120,486   

Idenix Pharmaceuticals, Inc. (a) (b)

    58,588        353,286   

ImmunoGen, Inc. (a) (b)

    44,397        662,847   

Immunomedics, Inc. (a) (b)

    39,907        168,008   

Infinity Pharmaceuticals, Inc. (a) (b)

    24,496        291,257   

Insmed, Inc. (b)

    18,158        345,728   

Insys Therapeutics, Inc. (a) (b)

    4,440        183,949   

Intercept Pharmaceuticals, Inc. (a) (b)

    3,580        1,180,648   

InterMune, Inc. (a) (b)

    49,793        1,666,572   

Intrexon Corp. (a) (b)

    7,750        203,748   

Ironwood Pharmaceuticals, Inc. (a) (b)

    54,648        673,263   

Isis Pharmaceuticals, Inc. (a) (b)

    56,969        2,461,631   

Karyopharm Therapeutics, Inc. (a) (b)

    4,193        129,522   

Keryx Biopharmaceuticals, Inc. (a) (b)

    46,107        785,663   

KYTHERA Biopharmaceuticals, Inc. (a) (b)

    7,404        294,383   

Lexicon Pharmaceuticals, Inc. (a) (b)

    119,680        207,046   

Ligand Pharmaceuticals, Inc. (a) (b)

    9,228        620,675   

MannKind Corp. (a) (b)

    74,752        300,503   

Merrimack Pharmaceuticals, Inc. (a) (b)

    46,931        236,532   

MiMedx Group, Inc. (a) (b)

    49,469        303,245   

Momenta Pharmaceuticals, Inc. (b)

    23,710        276,222   

Navidea Biopharmaceuticals, Inc. (a) (b)

    64,614        119,536   

Neurocrine Biosciences, Inc. (a) (b)

    35,916        578,248   

NewLink Genetics Corp. (a) (b)

    8,942        253,953   

Novavax, Inc. (a) (b)

    98,843        447,759   

NPS Pharmaceuticals, Inc. (a) (b)

    51,119        1,529,992   

Ophthotech Corp. (a) (b)

    6,374        227,807   

Opko Health, Inc. (a) (b)

    95,942        894,179   

Orexigen Therapeutics, Inc. (a) (b)

    58,227        378,476   

Osiris Therapeutics, Inc. (a) (b)

    9,827        129,029   

PDL BioPharma, Inc. (a)

    82,274        683,697   

Peregrine Pharmaceuticals, Inc. (a) (b)

    110,730        210,387   

Portola Pharmaceuticals, Inc. (a) (b)

    6,934        179,591   

Progenics Pharmaceuticals, Inc. (a) (b)

    49,453        202,263   

Prothena Corp. plc (a) (b)

    6,779        259,703   

PTC Therapeutics, Inc. (b)

    6,967        182,117   

Puma Biotechnology, Inc. (a) (b)

    11,821        1,231,039   

Biotechnology—(Continued)

  

Raptor Pharmaceutical Corp. (a) (b)

    30,816      308,160   

Receptos, Inc. (b)

    4,028        168,934   

Repligen Corp. (b)

    18,018        231,711   

Retrophin, Inc. (b)

    12,865        273,587   

Rigel Pharmaceuticals, Inc. (a) (b)

    47,337        183,668   

Sangamo Biosciences, Inc. (a) (b)

    31,618        571,653   

Sarepta Therapeutics, Inc. (a) (b)

    19,766        474,977   

Spectrum Pharmaceuticals, Inc. (a) (b)

    30,932        242,507   

Stemline Therapeutics, Inc. (a) (b)

    5,043        102,675   

Sunesis Pharmaceuticals, Inc. (b)

    18,324        121,122   

Synageva BioPharma Corp. (a) (b)

    9,970        827,211   

Synergy Pharmaceuticals, Inc. (a) (b)

    42,569        226,041   

Synta Pharmaceuticals Corp. (a) (b)

    20,751        89,437   

TESARO, Inc. (a) (b)

    6,990        206,065   

Threshold Pharmaceuticals, Inc. (a) (b)

    24,847        118,272   

Ultragenyx Pharmaceutical, Inc. (b)

    4,764        232,893   

Vanda Pharmaceuticals, Inc. (a) (b)

    15,947        259,139   

XOMA Corp. (a) (b)

    41,315        215,251   

ZIOPHARM Oncology, Inc. (a) (b)

    38,299        175,409   
   

 

 

 
      38,273,961   
   

 

 

 

Building Products—0.8%

   

AAON, Inc.

    15,362        428,139   

American Woodmark Corp. (b)

    5,650        190,179   

Apogee Enterprises, Inc. (a)

    16,385        544,474   

Builders FirstSource, Inc. (a) (b)

    25,665        233,808   

Continental Building Products, Inc. (b)

    10,421        196,290   

Gibraltar Industries, Inc. (b)

    14,856        280,333   

Griffon Corp. (a)

    24,495        292,470   

Insteel Industries, Inc.

    9,958        195,874   

NCI Building Systems, Inc. (b)

    10,596        185,006   

Nortek, Inc. (b)

    4,481        368,383   

Patrick Industries, Inc. (b)

    3,662        162,336   

PGT, Inc. (b)

    17,505        201,483   

Ply Gem Holdings, Inc. (a) (b)

    10,411        131,491   

Quanex Building Products Corp. (a)

    17,697        365,974   

Simpson Manufacturing Co., Inc.

    20,877        737,584   

Trex Co., Inc. (b)

    8,732        638,833   

Universal Forest Products, Inc.

    10,498        580,959   

USG Corp. (b)

    39,350        1,287,532   
   

 

 

 
      7,021,148   
   

 

 

 

Capital Markets—2.5%

  

Apollo Investment Corp. (a)

    116,588        968,846   

Arlington Asset Investment Corp. - Class A (a)

    7,800        206,544   

BGC Partners, Inc. - Class A

    64,999        425,094   

BlackRock Kelso Capital Corp. (a)

    38,057        348,983   

Calamos Asset Management, Inc. - Class A

    11,175        144,493   

Capital Southwest Corp.

    7,000        243,040   

Cohen & Steers, Inc. (a)

    9,693        386,266   

Cowen Group, Inc. - Class A (b)

    63,759        281,177   

Diamond Hill Investment Group, Inc. (a)

    1,546        203,206   

Evercore Partners, Inc. - Class A

    16,148        892,177   

FBR & Co. (b)

    5,282        136,434   

Fidus Investment Corp. (a)

    7,619        147,123   

Fifth Street Finance Corp.

    69,174        654,386   

 

MSF-158


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Capital Markets—(Continued)

  

Financial Engines, Inc. (a)

    24,757      $ 1,257,161   

Firsthand Technology Value Fund, Inc. (a) (b)

    5,589        119,325   

FXCM, Inc. (a)

    18,846        278,355   

GAMCO Investors, Inc. - Class A

    3,184        247,238   

GFI Group, Inc.

    37,273        132,319   

Gladstone Capital Corp. (a)

    12,173        122,704   

Gladstone Investment Corp. (a)

    14,338        118,575   

Golub Capital BDC, Inc. (a)

    17,843        318,319   

Greenhill & Co., Inc. (a)

    13,790        716,804   

GSV Capital Corp. (a) (b)

    10,696        108,457   

Hercules Technology Growth Capital, Inc. (a)

    32,237        453,575   

HFF, Inc. - Class A

    17,729        595,872   

ICG Group, Inc. (b)

    20,148        411,422   

International FCStone, Inc. (a) (b)

    7,668        144,235   

Investment Technology Group, Inc. (b)

    17,949        362,570   

Janus Capital Group, Inc. (a)

    75,490        820,576   

KCAP Financial, Inc. (a)

    12,596        109,081   

KCG Holdings, Inc. - Class A (a) (b)

    36,686        437,664   

Ladenburg Thalmann Financial Services, Inc. (a) (b)

    56,603        170,941   

Main Street Capital Corp. (a)

    19,878        653,191   

Manning & Napier, Inc.

    8,917        149,538   

MCG Capital Corp. (a)

    37,449        141,932   

Medallion Financial Corp. (a)

    11,521        152,192   

Medley Capital Corp. (a)

    24,795        337,460   

MVC Capital, Inc. (a)

    13,488        182,762   

New Mountain Finance Corp. (a)

    23,585        343,162   

Oppenheimer Holdings, Inc. - Class A

    5,749        161,260   

PennantPark Floating Rate Capital, Ltd. (a)

    8,031        110,988   

PennantPark Investment Corp. (a)

    33,969        375,358   

Piper Jaffray Cos. (b)

    8,439        386,506   

Prospect Capital Corp. (a)

    159,096        1,718,237   

Safeguard Scientifics, Inc. (a) (b)

    11,857        262,988   

Solar Capital, Ltd.

    23,565        513,246   

Solar Senior Capital, Ltd. (a)

    6,468        110,668   

Stifel Financial Corp. (b)

    31,775        1,581,124   

SWS Group, Inc. (b)

    16,337        122,201   

TCP Capital Corp. (a)

    18,817        311,421   

THL Credit, Inc. (a)

    17,620        243,156   

TICC Capital Corp. (a)

    23,804        232,803   

Triangle Capital Corp.

    13,996        362,356   

Virtus Investment Partners, Inc. (b)

    3,430        593,973   

Walter Investment Management Corp. (a) (b)

    19,069        568,828   

Westwood Holdings Group, Inc.

    3,352        210,137   

WisdomTree Investments, Inc. (a) (b)

    50,887        667,638   
   

 

 

 
      22,456,087   
   

 

 

 

Chemicals—2.2%

  

A. Schulman, Inc.

    15,164        549,847   

Advanced Emissions Solutions, Inc. (b)

    13,514        331,634   

American Vanguard Corp. (a)

    14,887        322,304   

Arabian American Development Co. (b)

    10,819        117,386   

Axiall Corp.

    35,265        1,584,104   

Balchem Corp.

    15,297        797,280   

Calgon Carbon Corp. (b)

    26,333        574,849   

Chase Corp. (a)

    3,533        111,395   

Chemicals—(Continued)

  

Chemtura Corp. (b)

    52,204      1,320,239   

Ferro Corp. (b)

    34,923        477,048   

Flotek Industries, Inc. (a) (b)

    24,436        680,543   

FutureFuel Corp. (a)

    10,195        206,958   

Hawkins, Inc. (a)

    4,778        175,544   

HB Fuller Co.

    25,868        1,248,907   

Innophos Holdings, Inc.

    11,603        657,890   

Innospec, Inc.

    12,490        564,923   

Intrepid Potash, Inc. (a) (b)

    27,693        428,134   

Koppers Holdings, Inc.

    11,124        458,642   

Kraton Performance Polymers, Inc. (b)

    16,524        431,937   

Landec Corp. (b)

    14,010        156,352   

LSB Industries, Inc. (a) (b)

    9,253        346,247   

Minerals Technologies, Inc.

    17,678        1,141,292   

Olin Corp. (a)

    41,593        1,148,383   

OM Group, Inc.

    16,641        552,814   

OMNOVA Solutions, Inc. (b)

    24,497        254,279   

PolyOne Corp.

    50,382        1,847,004   

Quaker Chemical Corp.

    6,591        519,568   

Sensient Technologies Corp.

    26,383        1,488,265   

Stepan Co.

    10,436        673,748   

Taminco Corp. (b)

    8,553        179,698   

Tredegar Corp.

    13,367        307,575   

Zep, Inc.

    10,762        190,487   
   

 

 

 
      19,845,276   
   

 

 

 

Commercial Services & Supplies—1.9%

  

ABM Industries, Inc.

    27,975        804,002   

ACCO Brands Corp. (a) (b)

    58,424        359,892   

ARC Document Solutions, Inc. (b)

    21,379        159,060   

Brink’s Co. (The)

    24,924        711,580   

Casella Waste Systems, Inc. - Class A (a) (b)

    20,518        104,847   

Ceco Environmental Corp. (a)

    9,240        153,292   

Deluxe Corp.

    25,571        1,341,710   

EnerNOC, Inc. (a) (b)

    13,640        303,899   

Ennis, Inc.

    14,123        234,018   

G&K Services, Inc. - Class A

    9,849        602,463   

Healthcare Services Group, Inc. (a)

    34,663        1,007,307   

Herman Miller, Inc.

    29,708        954,518   

HNI Corp. (a)

    24,513        896,195   

InnerWorkings, Inc. (a) (b)

    22,568        172,871   

Interface, Inc.

    31,333        643,893   

Kimball International, Inc. - Class B

    18,813        340,703   

Knoll, Inc.

    25,885        470,848   

McGrath RentCorp (a)

    13,375        467,590   

Mobile Mini, Inc.

    19,043        825,705   

MSA Safety, Inc. (a)

    14,087        802,959   

Multi-Color Corp.

    6,895        241,325   

Performant Financial Corp. (b)

    12,041        108,923   

Quad/Graphics, Inc.

    13,076        306,632   

Schawk, Inc. (a)

    7,440        148,726   

SP Plus Corp. (b)

    8,683        228,102   

Steelcase, Inc. - Class A

    41,383        687,372   

Team, Inc. (b)

    10,055        430,957   

Tetra Tech, Inc. (b) (c)

    33,211        982,714   

U.S. Ecology, Inc.

    10,067        373,687   

 

MSF-159


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Commercial Services & Supplies—(Continued)

  

UniFirst Corp.

    7,601      $ 835,654   

United Stationers, Inc. (a)

    20,554        844,153   

Viad Corp.

    11,786        283,335   

West Corp. (a)

    11,026        263,852   
   

 

 

 
      17,092,784   
   

 

 

 

Communications Equipment—1.7%

  

ADTRAN, Inc. (a)

    30,097        734,668   

ARRIS Group, Inc. (b)

    59,022        1,663,240   

Aruba Networks, Inc. (a) (b)

    54,406        1,020,112   

Bel Fuse, Inc. - Class B (a)

    5,512        120,713   

Black Box Corp.

    10,452        254,402   

CalAmp Corp. (a) (b)

    19,380        540,121   

Calix, Inc. (a) (b)

    19,494        164,334   

Ciena Corp. (a) (b)

    51,644        1,174,384   

Comtech Telecommunications Corp. (a)

    8,068        257,046   

Digi International, Inc. (b)

    14,316        145,307   

Emulex Corp. (b)

    45,893        339,149   

Extreme Networks, Inc. (b)

    49,591        287,628   

Finisar Corp. (a) (b)

    47,662        1,263,520   

Harmonic, Inc. (b)

    60,347        430,878   

Infinera Corp. (a) (b)

    64,537        585,996   

InterDigital, Inc. (a)

    21,402        708,620   

Ixia (b)

    28,748        359,350   

KVH Industries, Inc. (a) (b)

    8,641        113,715   

NETGEAR, Inc. (a) (b)

    20,185        680,840   

Oplink Communications, Inc. (b)

    10,830        194,507   

Parkervision, Inc. (a) (b)

    43,816        210,317   

Plantronics, Inc.

    21,347        948,874   

Procera Networks, Inc. (a) (b)

    10,321        107,235   

Ruckus Wireless, Inc. (a) (b)

    22,533        274,001   

ShoreTel, Inc. (b)

    28,961        249,065   

Sonus Networks, Inc. (a) (b)

    111,897        377,093   

Tessco Technologies, Inc. (a)

    3,116        116,414   

Ubiquiti Networks, Inc. (b)

    5,898        268,182   

ViaSat, Inc. (a) (b)

    19,916        1,375,001   
   

 

 

 
      14,964,712   
   

 

 

 

Construction & Engineering—0.9%

  

Aegion Corp. (a) (b)

    20,173        510,579   

Argan, Inc.

    6,140        182,542   

Comfort Systems USA, Inc.

    19,376        295,290   

Dycom Industries, Inc. (b)

    16,749        529,436   

EMCOR Group, Inc.

    33,263        1,556,376   

Furmanite Corp. (b)

    19,494        191,431   

Granite Construction, Inc. (a)

    20,021        799,439   

Great Lakes Dredge & Dock Corp. (b)

    32,033        292,461   

Layne Christensen Co. (a) (b)

    10,438        189,867   

MasTec, Inc. (a) (b)

    29,748        1,292,253   

MYR Group, Inc. (b)

    10,017        253,630   

Northwest Pipe Co. (a) (b)

    4,794        173,351   

Orion Marine Group, Inc. (b)

    14,575        183,208   

Pike Corp. (b)

    13,447        144,690   

Primoris Services Corp.

    17,845        534,993   

Tutor Perini Corp. (b)

    19,192        550,235   
   

 

 

 
      7,679,781   
   

 

 

 

Construction Materials—0.2%

  

Headwaters, Inc. (b)

    38,364      506,788   

Texas Industries, Inc. (a) (b)

    11,145        998,815   

U.S. Concrete, Inc. (a) (b)

    7,217        169,600   
   

 

 

 
      1,675,203   
   

 

 

 

Consumer Finance—0.6%

  

Cash America International, Inc. (a)

    14,003        542,196   

Credit Acceptance Corp. (b)

    3,612        513,446   

DFC Global Corp. (a) (b)

    22,515        198,807   

Encore Capital Group, Inc. (a) (b)

    12,804        585,143   

Ezcorp, Inc. - Class A (a) (b)

    24,505        264,409   

First Cash Financial Services, Inc. (b)

    14,639        738,684   

Green Dot Corp. - Class A (a) (b)

    12,988        253,656   

JGWPT Holdings, Inc. - Class A (a) (b)

    6,424        117,302   

Nelnet, Inc. - Class A

    12,596        515,176   

Portfolio Recovery Associates, Inc. (a) (b)

    25,449        1,472,479   

Springleaf Holdings, Inc. (a) (b)

    11,201        281,705   

World Acceptance Corp. (a) (b)

    4,646        348,822   
   

 

 

 
      5,831,825   
   

 

 

 

Containers & Packaging—0.2%

  

Berry Plastics Group, Inc. (b)

    27,955        647,158   

Graphic Packaging Holding Co. (b)

    105,650        1,073,404   

Myers Industries, Inc.

    17,592        350,433   
   

 

 

 
      2,070,995   
   

 

 

 

Distributors—0.2%

  

Core-Mark Holding Co., Inc.

    5,932        430,663   

Pool Corp.

    23,340        1,431,209   

VOXX International Corp. (b)

    10,683        146,143   
   

 

 

 
      2,008,015   
   

 

 

 

Diversified Consumer Services—1.0%

  

American Public Education, Inc. (a) (b)

    9,943        348,801   

Ascent Capital Group, Inc. - Class A (a) (b)

    6,860        518,273   

Bridgepoint Education, Inc. (b)

    9,743        145,073   

Bright Horizons Family Solutions, Inc. (a) (b)

    6,946        271,658   

Capella Education Co.

    5,633        355,724   

Career Education Corp. (a) (b)

    30,241        225,598   

Carriage Services, Inc. (a)

    9,414        171,711   

Grand Canyon Education, Inc. (b)

    22,843        1,066,768   

Hillenbrand, Inc.

    28,780        930,458   

Houghton Mifflin Harcourt Co. (a) (b)

    14,080        286,246   

ITT Educational Services, Inc. (a) (b)

    11,937        342,353   

K12, Inc. (a) (b)

    13,883        314,450   

LifeLock, Inc. (b)

    33,274        569,318   

Matthews International Corp. - Class A

    13,720        559,913   

Regis Corp. (a)

    24,117        330,403   

Sotheby’s

    34,909        1,520,287   

Steiner Leisure, Ltd. (b)

    7,524        347,985   

Strayer Education, Inc. (b)

    6,343        294,506   

Universal Technical Institute, Inc.

    11,178        144,755   
   

 

 

 
      8,744,280   
   

 

 

 

 

MSF-160


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Financial Services—0.3%

  

MarketAxess Holdings, Inc.

    19,495      $ 1,154,494   

NewStar Financial, Inc. (b)

    14,397        199,542   

PHH Corp. (a) (b)

    28,995        749,231   

PICO Holdings, Inc. (b)

    12,147        315,701   
   

 

 

 
      2,418,968   
   

 

 

 

Diversified Telecommunication Services—0.6%

  

8x8, Inc. (a) (b)

    44,907        485,445   

Atlantic Tele-Network, Inc.

    4,754        313,384   

Cbeyond, Inc. (b)

    14,694        106,532   

Cincinnati Bell, Inc. (b)

    106,292        367,770   

Cogent Communications Group, Inc.

    24,794        880,931   

Consolidated Communications Holdings, Inc. (a)

    19,216        384,512   

Fairpoint Communications, Inc. (a) (b)

    11,602        157,787   

General Communication, Inc. - Class A (b)

    16,537        188,687   

Hawaiian Telcom Holdco, Inc. (a) (b)

    6,401        182,365   

IDT Corp. - Class B

    8,438        140,577   

inContact, Inc. (a) (b)

    27,382        262,867   

Inteliquent, Inc.

    16,025        232,843   

Iridium Communications, Inc. (a) (b)

    32,786        246,223   

Lumos Networks Corp.

    8,454        113,030   

magicJack VocalTec, Ltd. (a) (b)

    8,630        183,215   

ORBCOMM, Inc. (b)

    19,477        133,417   

Premiere Global Services, Inc. (a) (b)

    24,982        301,283   

Vonage Holdings Corp. (b)

    74,697        318,956   
   

 

 

 
      4,999,824   
   

 

 

 

Electric Utilities—1.3%

  

ALLETE, Inc. (a)

    20,181        1,057,888   

Cleco Corp.

    30,631        1,549,316   

El Paso Electric Co.

    21,145        755,511   

Empire District Electric Co.

    22,399        544,744   

IDACORP, Inc. (a)

    25,340        1,405,610   

MGE Energy, Inc.

    18,028        707,238   

NRG Yield, Inc. - Class A (a)

    12,728        503,138   

Otter Tail Corp. (a)

    18,873        581,100   

PNM Resources, Inc.

    40,592        1,097,202   

Portland General Electric Co. (a)

    38,989        1,260,904   

UIL Holdings Corp. (a)

    28,637        1,054,128   

Unitil Corp.

    7,429        243,968   

UNS Energy Corp.

    21,055        1,263,931   
   

 

 

 
      12,024,678   
   

 

 

 

Electrical Equipment—1.4%

  

Acuity Brands, Inc. (a)

    21,597        2,863,114   

AZZ, Inc. (a)

    13,326        595,406   

Brady Corp. - Class A

    22,732        617,174   

Capstone Turbine Corp. (a) (b)

    164,599        350,596   

Encore Wire Corp. (a)

    10,537        511,150   

EnerSys, Inc. (a)

    25,000        1,732,250   

Franklin Electric Co., Inc.

    24,472        1,040,549   

FuelCell Energy, Inc. (a) (b)

    88,097        218,481   

Generac Holdings, Inc.

    25,812        1,522,134   

General Cable Corp. (a)

    24,951        638,995   

Electrical Equipment—(Continued)

  

Global Power Equipment Group, Inc. (a)

    8,163      162,362   

GrafTech International, Ltd. (a) (b)

    58,953        643,767   

Polypore International, Inc. (a) (b)

    23,444        802,019   

Powell Industries, Inc.

    4,404        285,379   

PowerSecure International, Inc. (a) (b)

    9,992        234,212   

Preformed Line Products Co.

    1,401        96,033   

Thermon Group Holdings, Inc. (b)

    13,760        318,957   
   

 

 

 
      12,632,578   
   

 

 

 

Electronic Equipment, Instruments & Components—2.6%

  

Agilysys, Inc. (b)

    8,133        108,982   

Anixter International, Inc.

    13,642        1,384,936   

Badger Meter, Inc. (a)

    6,820        375,782   

Belden, Inc.

    22,330        1,554,168   

Benchmark Electronics, Inc. (b)

    26,591        602,286   

Checkpoint Systems, Inc. (b)

    21,005        281,887   

Cognex Corp. (b)

    44,140        1,494,580   

Coherent, Inc. (b)

    12,319        805,047   

CTS Corp. (a)

    18,070        377,302   

Daktronics, Inc.

    18,513        266,402   

DTS, Inc. (a) (b)

    9,298        183,729   

Electro Rent Corp.

    9,062        159,401   

Electro Scientific Industries, Inc.

    11,663        114,881   

Fabrinet (a) (b)

    14,981        311,155   

FARO Technologies, Inc. (b)

    8,551        453,203   

FEI Co.

    21,007        2,164,141   

GSI Group, Inc. (b)

    18,739        244,731   

II-VI, Inc. (b)

    27,302        421,270   

Insight Enterprises, Inc. (b) (c)

    22,462        564,021   

InvenSense, Inc. (a) (b)

    29,030        687,140   

Itron, Inc. (a) (b)

    19,812        704,119   

Kemet Corp. (a) (b)

    22,874        132,898   

Littelfuse, Inc.

    11,202        1,048,955   

Maxwell Technologies, Inc. (a) (b)

    14,377        185,751   

Measurement Specialties, Inc. (a) (b)

    8,286        562,205   

Mercury Systems, Inc. (b)

    15,581        205,825   

Mesa Laboratories, Inc. (a)

    1,416        127,794   

Methode Electronics, Inc.

    19,169        587,722   

MTS Systems Corp. (a)

    8,022        549,427   

Newport Corp. (b)

    20,202        417,777   

OSI Systems, Inc. (b)

    10,001        598,660   

Park Electrochemical Corp.

    10,569        315,696   

PC Connection, Inc.

    5,366        109,037   

Plexus Corp. (b) (c)

    17,502        701,305   

RealD, Inc. (b)

    18,684        208,700   

Rofin-Sinar Technologies, Inc. (a) (b)

    15,227        364,839   

Rogers Corp. (b)

    8,965        559,595   

Sanmina Corp. (b)

    42,537        742,271   

ScanSource, Inc. (b)

    14,516        591,817   

SYNNEX Corp. (b)

    13,438        814,477   

TTM Technologies, Inc. (b)

    26,923        227,499   

Universal Display Corp. (a) (b)

    21,034        671,195   

Vishay Precision Group, Inc. (b)

    6,727        116,915   

Zygo Corp. (b)

    8,667        131,652   
   

 

 

 
      23,231,175   
   

 

 

 

 

MSF-161


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—1.8%

  

Basic Energy Services, Inc. (a) (b)

    14,197      $ 389,140   

Bristow Group, Inc.

    18,228        1,376,579   

C&J Energy Services, Inc. (a) (b)

    23,819        694,562   

CARBO Ceramics, Inc. (a)

    9,985        1,377,830   

CHC Group, Ltd. (b)

    26,790        197,978   

Dawson Geophysical Co.

    5,124        143,523   

Era Group, Inc. (b)

    10,332        302,831   

Exterran Holdings, Inc.

    28,971        1,271,248   

Forum Energy Technologies, Inc. (b)

    19,863        615,356   

Geospace Technologies Corp. (a) (b)

    6,866        454,323   

Gulf Island Fabrication, Inc.

    7,812        168,817   

GulfMark Offshore, Inc. - Class A (a)

    13,516        607,409   

Helix Energy Solutions Group, Inc. (b)

    56,651        1,301,840   

Hercules Offshore, Inc. (a) (b)

    82,886        380,447   

Hornbeck Offshore Services, Inc. (a) (b)

    18,165        759,479   

ION Geophysical Corp. (a) (b)

    68,572        288,688   

Key Energy Services, Inc. (b)

    80,293        741,907   

Matrix Service Co. (b)

    14,196        479,541   

Natural Gas Services Group, Inc. (b)

    6,643        200,220   

Newpark Resources, Inc. (a) (b)

    42,672        488,594   

North Atlantic Drilling, Ltd.

    43,333        383,064   

Nuverra Environmental Solutions, Inc. (a) (b)

    8,304        168,488   

Parker Drilling Co. (b)

    61,149        433,547   

PHI, Inc. (a) (b)

    6,426        284,286   

Pioneer Energy Services Corp. (b)

    31,825        412,134   

RigNet, Inc. (b)

    6,898        371,319   

SEACOR Holdings, Inc. (a) (b)

    10,116        874,225   

Tesco Corp. (a) (b)

    16,366        302,771   

TETRA Technologies, Inc. (b)

    39,068        500,070   

Vantage Drilling Co. (a) (b)

    106,785        182,602   

Willbros Group, Inc. (b)

    22,413        282,852   
   

 

 

 
      16,435,670   
   

 

 

 

Food & Staples Retailing—1.1%

  

Andersons, Inc. (The)

    14,631        866,740   

Casey’s General Stores, Inc. (a)

    19,362        1,308,678   

Chefs’ Warehouse, Inc. (The) (a) (b)

    8,577        183,548   

Ingles Markets, Inc. - Class A

    6,173        147,041   

Natural Grocers by Vitamin Cottage, Inc. (a) (b)

    4,597        200,705   

Pantry, Inc. (The) (b)

    12,441        190,845   

Pricesmart, Inc. (a)

    9,705        979,526   

Rite Aid Corp. (b)

    367,509        2,304,281   

Roundy’s, Inc.

    16,462        113,193   

Spartan Stores, Inc.

    19,948        462,993   

SUPERVALU, Inc. (a) (b)

    101,674        695,450   

Susser Holdings Corp. (a) (b)

    9,109        569,039   

United Natural Foods, Inc. (b)

    24,889        1,765,128   

Weis Markets, Inc.

    6,205        305,596   
   

 

 

 
      10,092,763   
   

 

 

 

Food Products—1.6%

  

Annie’s, Inc. (a) (b)

    6,956        279,562   

B&G Foods, Inc. (a)

    26,523        798,608   

Boulder Brands, Inc. (a) (b)

    31,712        558,765   

Cal-Maine Foods, Inc. (a)

    7,468        468,841   

Food Products—(Continued)

  

Calavo Growers, Inc. (a)

    6,124      217,892   

Chiquita Brands International, Inc. (a) (b)

    24,259        302,025   

Darling International, Inc. (b)

    80,172        1,605,043   

Diamond Foods, Inc. (a) (b)

    11,661        407,319   

Fresh Del Monte Produce, Inc. (a)

    19,290        531,825   

Hain Celestial Group, Inc. (The) (b)

    19,519        1,785,403   

Inventure Foods, Inc. (b)

    8,089        113,084   

J&J Snack Foods Corp.

    7,928        760,850   

John B Sanfilippo & Son, Inc. (a)

    4,642        106,859   

Lancaster Colony Corp. (a)

    9,483        942,800   

Limoneira Co. (a)

    4,954        112,357   

Omega Protein Corp. (b)

    11,349        136,982   

Pilgrim’s Pride Corp. (b)

    32,160        672,787   

Post Holdings, Inc. (a) (b)

    19,663        1,083,825   

Sanderson Farms, Inc. (a)

    12,630        991,329   

Seaboard Corp. (b)

    150        393,217   

Seneca Foods Corp. - Class A (b)

    4,612        145,186   

Snyders-Lance, Inc. (a)

    26,518        747,542   

Tootsie Roll Industries, Inc. (a)

    10,237        306,496   

TreeHouse Foods, Inc. (b)

    18,597        1,338,798   
   

 

 

 
      14,807,395   
   

 

 

 

Gas Utilities—0.8%

  

Chesapeake Utilities Corp. (a)

    4,650        293,694   

Laclede Group, Inc. (The)

    16,259        766,612   

New Jersey Resources Corp.

    21,213        1,056,407   

Northwest Natural Gas Co. (a)

    14,144        622,478   

Piedmont Natural Gas Co., Inc. (a)

    38,534        1,363,718   

South Jersey Industries, Inc.

    15,904        892,055   

Southwest Gas Corp.

    23,934        1,279,272   

WGL Holdings, Inc.

    26,098        1,045,486   
   

 

 

 
      7,319,722   
   

 

 

 

Health Care Equipment & Supplies—3.4%

  

Abaxis, Inc. (a) (b)

    12,234        475,658   

ABIOMED, Inc. (a) (b)

    19,803        515,670   

Accuray, Inc. (a) (b)

    37,218        357,293   

Align Technology, Inc. (b)

    37,075        1,920,114   

Analogic Corp.

    6,542        537,164   

AngioDynamics, Inc. (b)

    13,423        211,412   

Anika Therapeutics, Inc. (a) (b)

    7,087        291,276   

Antares Pharma, Inc. (a) (b)

    58,477        204,669   

ArthroCare Corp. (b)

    14,508        699,140   

AtriCure, Inc. (b)

    10,769        202,565   

Atrion Corp. (a)

    874        267,566   

Cantel Medical Corp.

    16,951        571,588   

Cardiovascular Systems, Inc. (b)

    12,840        408,184   

Cerus Corp. (a) (b)

    38,358        184,118   

CONMED Corp.

    14,206        617,251   

CryoLife, Inc. (a)

    17,220        171,511   

Cyberonics, Inc. (a) (b)

    14,671        957,283   

Cynosure, Inc. - Class A (b)

    9,126        267,392   

Derma Sciences, Inc. (b)

    10,829        137,312   

DexCom, Inc. (b)

    35,316        1,460,670   

Endologix, Inc. (a) (b)

    32,408        417,091   

Exactech, Inc. (b)

    5,322        120,064   

 

MSF-162


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

GenMark Diagnostics, Inc. (a) (b)

    19,362      $ 192,458   

Globus Medical, Inc. - Class A (b)

    27,849        740,505   

Greatbatch, Inc. (b)

    12,931        593,792   

Haemonetics Corp. (a) (b)

    26,522        864,352   

HeartWare International, Inc. (a) (b)

    8,570        803,695   

ICU Medical, Inc. (b)

    6,398        383,112   

Insulet Corp. (b)

    27,643        1,310,831   

Integra LifeSciences Holdings Corp. (a) (b)

    12,903        593,409   

Invacare Corp.

    15,930        303,785   

LDR Holding Corp. (b)

    3,300        113,289   

Masimo Corp. (a) (b)

    25,075        684,798   

Meridian Bioscience, Inc. (a)

    22,552        491,408   

Merit Medical Systems, Inc. (b)

    21,638        309,423   

Natus Medical, Inc. (b)

    16,472        424,978   

Neogen Corp. (b)

    17,828        801,369   

NuVasive, Inc. (b)

    22,552        866,222   

NxStage Medical, Inc. (b)

    30,508        388,672   

OraSure Technologies, Inc. (b)

    29,491        235,043   

Orthofix International NV (b)

    9,598        289,380   

PhotoMedex, Inc. (a) (b)

    7,589        120,134   

Quidel Corp. (a) (b)

    13,903        379,552   

Rockwell Medical, Inc. (a) (b)

    22,438        284,065   

RTI Surgical, Inc. (a) (b)

    31,773        129,634   

Spectranetics Corp. (b)

    21,548        653,120   

Staar Surgical Co. (a) (b)

    19,419        365,077   

STERIS Corp.

    29,805        1,423,189   

SurModics, Inc. (a) (b)

    9,958        225,051   

Symmetry Medical, Inc. (b)

    21,060        211,864   

Tandem Diabetes Care, Inc. (a) (b)

    7,345        162,251   

TearLab Corp. (a) (b)

    13,828        93,477   

Thoratec Corp. (b)

    28,903        1,035,016   

Tornier NV (b)

    13,588        288,337   

Unilife Corp. (a) (b)

    51,606        210,036   

Utah Medical Products, Inc.

    1,906        110,216   

Vascular Solutions, Inc. (b)

    9,953        260,669   

Volcano Corp. (a) (b)

    27,732        546,598   

West Pharmaceutical Services, Inc.

    35,092        1,545,803   

Wright Medical Group, Inc. (b)

    20,337        631,871   

Zeltiq Aesthetics, Inc. (b)

    9,779        191,766   
   

 

 

 
      30,253,238   
   

 

 

 

Health Care Providers & Services—2.4%

  

Acadia Healthcare Co., Inc. (a) (b)

    17,958        810,265   

Air Methods Corp. (a) (b)

    20,526        1,096,704   

Almost Family, Inc. (b)

    4,642        107,230   

Amedisys, Inc. (a) (b)

    18,591        276,820   

AMN Healthcare Services, Inc. (b)

    23,983        329,527   

Amsurg Corp. (b)

    17,529        825,265   

Bio-Reference Labs, Inc. (a) (b)

    12,716        351,979   

BioScrip, Inc. (a) (b)

    29,688        207,222   

Capital Senior Living Corp. (a) (b)

    14,260        370,617   

Centene Corp. (b)

    27,657        1,721,648   

Chemed Corp. (a)

    9,094        813,458   

Chindex International, Inc. (a) (b)

    7,045        134,419   

Corvel Corp. (b)

    5,450        271,192   

Cross Country Healthcare, Inc. (b)

    15,246        123,035   

Health Care Providers & Services—(Continued)

  

Emeritus Corp. (b)

    20,542      645,841   

Ensign Group, Inc. (The)

    11,507        502,166   

ExamWorks Group, Inc. (b)

    15,818        553,788   

Five Star Quality Care, Inc. (b)

    25,265        122,788   

Gentiva Health Services, Inc. (b)

    16,117        146,987   

Hanger, Inc. (b)

    17,356        584,550   

HealthSouth Corp. (a)

    44,339        1,593,100   

Healthways, Inc. (a) (b)

    18,606        318,907   

IPC The Hospitalist Co., Inc. (a) (b)

    9,377        460,223   

Kindred Healthcare, Inc.

    29,215        684,215   

Landauer, Inc. (a)

    5,165        234,130   

LHC Group, Inc. (b)

    6,847        151,045   

Magellan Health Services, Inc. (b)

    13,774        817,487   

Molina Healthcare, Inc. (a) (b)

    14,027        526,854   

MWI Veterinary Supply, Inc. (b)

    6,571        1,022,579   

National Healthcare Corp. (a)

    5,246        292,569   

Owens & Minor, Inc. (a)

    31,521        1,104,181   

PharMerica Corp. (b)

    17,146        479,745   

Providence Service Corp. (The) (b)

    4,943        139,788   

Select Medical Holdings Corp.

    25,554        318,147   

Surgical Care Affiliates, Inc. (a) (b)

    7,471        229,733   

Team Health Holdings, Inc. (b)

    34,473        1,542,667   

Triple-S Management Corp. - Class B (b)

    12,074        194,874   

U.S. Physical Therapy, Inc.

    6,011        207,800   

Universal American Corp. (a)

    20,509        144,999   

WellCare Health Plans, Inc. (b)

    22,057        1,401,061   
   

 

 

 
      21,859,605   
   

 

 

 

Health Care Technology—0.9%

  

athenahealth, Inc. (a) (b)

    18,602        2,980,784   

Computer Programs & Systems, Inc. (a)

    5,856        378,298   

HealthStream, Inc. (b)

    10,052        268,388   

HMS Holdings Corp. (a) (b)

    44,959        856,469   

MedAssets, Inc. (b)

    31,309        773,645   

Medidata Solutions, Inc. (a) (b)

    26,770        1,454,682   

Omnicell, Inc. (b)

    18,760        536,911   

Quality Systems, Inc.

    20,268        342,124   

Vocera Communications, Inc. (a) (b)

    11,244        183,615   
   

 

 

 
      7,774,916   
   

 

 

 

Hotels, Restaurants & Leisure—2.6%

  

Biglari Holdings, Inc. (b)

    726        353,918   

BJ’s Restaurants, Inc. (a) (b)

    13,550        443,220   

Bloomin’ Brands, Inc. (b)

    27,840        670,944   

Bob Evans Farms, Inc. (a)

    12,754        638,083   

Boyd Gaming Corp. (a) (b)

    35,670        470,844   

Bravo Brio Restaurant Group, Inc. (b)

    9,979        140,804   

Buffalo Wild Wings, Inc. (b)

    9,529        1,418,868   

Caesars Entertainment Corp. (a) (b)

    21,057        400,294   

Cheesecake Factory, Inc. (The) (a)

    27,105        1,291,011   

Churchill Downs, Inc.

    7,015        640,469   

Chuy’s Holdings, Inc. (a) (b)

    8,272        356,854   

ClubCorp Holdings, Inc. (a)

    14,120        266,868   

Cracker Barrel Old Country Store, Inc.

    9,956        968,121   

Del Frisco’s Restaurant Group, Inc. (b)

    5,668        158,137   

Denny’s Corp. (a) (b)

    47,722        306,852   

 

MSF-163


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—(Continued)

  

Diamond Resorts International, Inc. (b)

    11,329      $ 192,027   

DineEquity, Inc.

    9,077        708,641   

Fiesta Restaurant Group, Inc. (b)

    11,554        526,747   

International Speedway Corp. - Class A

    15,258        518,619   

Interval Leisure Group, Inc. (a)

    21,655        566,062   

Intrawest Resorts Holdings, Inc. (b)

    13,890        181,126   

Jack in the Box, Inc. (b)

    21,140        1,245,992   

Jamba, Inc. (a) (b)

    7,943        95,276   

Krispy Kreme Doughnuts, Inc. (a) (b)

    33,031        585,640   

Life Time Fitness, Inc. (a) (b)

    22,025        1,059,402   

Marcus Corp.

    11,702        195,423   

Marriott Vacations Worldwide Corp. (b)

    14,494        810,360   

Morgans Hotel Group Co. (a) (b)

    12,602        101,320   

Multimedia Games Holding Co., Inc. (b)

    15,847        460,197   

Noodles & Co. (a) (b)

    4,118        162,537   

Orient-Express Hotels, Ltd. - Class A (b)

    52,036        749,839   

Papa John’s International, Inc.

    16,360        852,520   

Pinnacle Entertainment, Inc. (a) (b)

    30,820        730,434   

Popeyes Louisiana Kitchen, Inc. (b)

    12,829        521,371   

Red Robin Gourmet Burgers, Inc. (b)

    7,250        519,680   

Ruby Tuesday, Inc. (a) (b)

    31,853        178,695   

Ruth’s Hospitality Group, Inc.

    17,912        216,556   

Scientific Games Corp. - Class A (b)

    22,727        312,042   

Sonic Corp. (b)

    27,410        624,674   

Speedway Motorsports, Inc. (a)

    7,078        132,571   

Texas Roadhouse, Inc. (a)

    33,641        877,357   

Town Sports International Holdings, Inc.

    12,656        107,449   

Vail Resorts, Inc.

    18,297        1,275,301   
   

 

 

 
      23,033,145   
   

 

 

 

Household Durables—1.0%

  

Beazer Homes USA, Inc. (a) (b)

    13,700        275,096   

Cavco Industries, Inc. (b)

    4,452        349,259   

CSS Industries, Inc. (a)

    4,201        113,427   

Ethan Allen Interiors, Inc. (a)

    12,159        309,446   

Helen of Troy, Ltd. (b)

    16,965        1,174,487   

Hovnanian Enterprises, Inc. - Class A (a) (b)

    56,064        265,183   

iRobot Corp. (a) (b)

    14,746        605,323   

KB Home (a)

    43,434        737,944   

La-Z-Boy, Inc.

    26,643        722,025   

Libbey, Inc. (b)

    10,247        266,422   

M/I Homes, Inc. (b)

    12,868        288,501   

MDC Holdings, Inc. (a)

    19,869        561,895   

Meritage Homes Corp. (b)

    19,962        836,009   

NACCO Industries, Inc. - Class A

    3,117        168,973   

Ryland Group, Inc. (The) (a)

    23,149        924,340   

Standard Pacific Corp. (a) (b)

    74,682        620,607   

TRI Pointe Homes, Inc. (a) (b)

    9,540        154,834   

Universal Electronics, Inc. (b)

    7,461        286,428   

William Lyon Homes - Class A (a) (b)

    6,939        191,586   
   

 

 

 
      8,851,785   
   

 

 

 

Household Products—0.2%

  

Central Garden and Pet Co. - Class A (a) (b)

    23,384        193,386   

Harbinger Group, Inc. (a) (b)

    17,723        216,752   

Spectrum Brands Holdings, Inc.

    11,034        879,410   

Household Products—(Continued)

  

WD-40 Co. (a)

    7,863      609,933   
   

 

 

 
      1,899,481   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.2%

  

Atlantic Power Corp. (a)

    65,639        190,353   

Dynegy, Inc. (a) (b)

    50,774        1,266,303   

Ormat Technologies, Inc. (a)

    9,298        279,033   

Pattern Energy Group, Inc.

    8,059        218,641   
   

 

 

 
      1,954,330   
   

 

 

 

Industrial Conglomerates—0.1%

  

Raven Industries, Inc. (a)

    18,658        611,050   
   

 

 

 

Insurance—2.2%

  

Ambac Financial Group, Inc. (a) (b)

    22,444        696,437   

American Equity Investment Life Holding Co. (a)

    34,776        821,409   

AMERISAFE, Inc.

    9,298        408,275   

Amtrust Financial Services, Inc. (a)

    15,535        584,271   

Argo Group International Holdings, Ltd.

    13,774        632,227   

Baldwin & Lyons, Inc. - Class B

    4,133        108,657   

Citizens, Inc. (a) (b)

    22,172        164,073   

CNO Financial Group, Inc.

    111,424        2,016,774   

Crawford & Co. - Class B (a)

    14,358        156,646   

eHealth, Inc. (b)

    9,723        493,928   

Employers Holdings, Inc.

    16,380        331,367   

Enstar Group, Ltd. (a) (b)

    4,820        657,014   

FBL Financial Group, Inc. - Class A

    4,790        207,503   

Fidelity & Guaranty Life

    8,685        204,966   

First American Financial Corp. (a)

    55,676        1,478,198   

Global Indemnity plc (b)

    3,335        87,844   

Greenlight Capital Re, Ltd. - Class A (a) (b)

    15,207        498,790   

HCI Group, Inc. (a)

    5,174        188,334   

Hilltop Holdings, Inc. (b)

    34,060        810,287   

Horace Mann Educators Corp.

    21,022        609,638   

Infinity Property & Casualty Corp.

    5,597        378,525   

Kansas City Life Insurance Co. (a)

    2,190        105,558   

Maiden Holdings, Ltd. (a)

    26,833        334,876   

Meadowbrook Insurance Group, Inc. (a)

    26,803        156,262   

Montpelier Re Holdings, Ltd. (a)

    20,667        615,050   

National Western Life Insurance Co. - Class A

    1,212        296,334   

Navigators Group, Inc. (The) (b)

    5,301        325,428   

OneBeacon Insurance Group, Ltd. - Class A

    11,496        177,728   

Phoenix Cos., Inc. (The) (a) (b)

    3,332        172,431   

Platinum Underwriters Holdings, Ltd.

    14,002        841,520   

Primerica, Inc.

    28,650        1,349,702   

RLI Corp. (a)

    21,590        955,142   

Safety Insurance Group, Inc.

    6,815        366,988   

Selective Insurance Group, Inc.

    28,514        664,947   

State Auto Financial Corp.

    7,940        169,201   

Stewart Information Services Corp.

    11,286        396,477   

Symetra Financial Corp.

    41,392        820,389   

Third Point Reinsurance, Ltd. (b)

    15,817        250,700   

United Fire Group, Inc.

    9,732        295,366   

Universal Insurance Holdings, Inc. (a)

    16,046        203,784   
   

 

 

 
      20,033,046   
   

 

 

 

 

MSF-164


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet & Catalog Retail—0.4%

  

Blue Nile, Inc. (a) (b)

    6,605      $ 229,854   

FTD Cos., Inc. (a) (b)

    9,600        305,376   

HSN, Inc.

    16,833        1,005,435   

Nutrisystem, Inc. (a)

    14,262        214,928   

Orbitz Worldwide, Inc. (b)

    13,925        109,172   

Overstock.com, Inc. (b)

    6,499        128,030   

PetMed Express, Inc. (a)

    11,281        151,278   

RetailMeNot, Inc. (a) (b)

    5,972        191,104   

Shutterfly, Inc. (a) (b)

    19,128        816,383   

Valuevision Media, Inc. - Class A (a) (b)

    21,040        102,255   
   

 

 

 
      3,253,815   
   

 

 

 

Internet Software & Services—2.7%

  

Angie’s List, Inc. (a) (b)

    21,237        258,667   

Bankrate, Inc. (b)

    24,648        417,537   

Bazaarvoice, Inc. (b)

    25,119        183,369   

Benefitfocus, Inc. (a) (b)

    3,685        173,084   

Blucora, Inc. (a) (b)

    20,338        400,455   

Brightcove, Inc. (b)

    15,258        149,986   

ChannelAdvisor Corp. (a) (b)

    3,321        125,335   

comScore, Inc. (b)

    18,978        622,289   

Constant Contact, Inc. (b)

    15,503        379,203   

Conversant, Inc. (a) (b)

    34,204        962,843   

Cornerstone OnDemand, Inc. (a) (b)

    20,352        974,250   

CoStar Group, Inc. (b)

    14,394        2,687,936   

Cvent, Inc. (a) (b)

    4,510        163,036   

Dealertrack Technologies, Inc. (b)

    23,486        1,155,276   

Demandware, Inc. (b)

    9,515        609,531   

Dice Holdings, Inc. (a) (b)

    16,579        123,679   

Digital River, Inc. (b)

    21,084        367,494   

E2open, Inc. (b)

    7,997        188,489   

EarthLink Holdings Corp. (a)

    52,967        191,211   

Endurance International Group Holdings, Inc. (a) (b)

    15,481        201,408   

Envestnet, Inc. (b)

    11,705        470,307   

Global Eagle Entertainment, Inc. (a) (b)

    15,863        250,318   

Gogo, Inc. (a) (b)

    7,988        164,073   

Internap Network Services Corp. (a) (b)

    29,790        210,913   

IntraLinks Holdings, Inc. (b)

    25,608        261,970   

j2 Global, Inc. (a)

    23,025        1,152,401   

Liquidity Services, Inc. (b)

    12,493        325,443   

LivePerson, Inc. (a) (b)

    29,330        354,013   

LogMeIn, Inc. (a) (b)

    11,813        530,286   

Marchex, Inc. - Class B (a)

    12,899        135,568   

Marketo, Inc. (a) (b)

    3,380        110,425   

Millennial Media, Inc. (a) (b)

    18,853        130,463   

Monster Worldwide, Inc. (b)

    46,886        350,707   

Move, Inc. (b)

    21,815        252,181   

NIC, Inc.

    33,146        640,049   

OpenTable, Inc. (a) (b)

    11,648        896,081   

Perficient, Inc. (b)

    17,369        314,726   

QuinStreet, Inc. (a) (b)

    18,139        120,443   

Rocket Fuel, Inc. (a) (b)

    3,561        152,696   

SciQuest, Inc. (b)

    11,789        318,480   

Shutterstock, Inc. (a) (b)

    3,831        278,169   

SPS Commerce, Inc. (a) (b)

    9,053        556,307   

Internet Software & Services—(Continued)

  

Stamps.com, Inc. (a) (b)

    6,857      230,121   

Trulia, Inc. (a) (b)

    14,268        473,698   

United Online, Inc.

    1        12   

Unwired Planet, Inc. (b)

    56,935        123,321   

VistaPrint NV (b)

    16,340        804,255   

Vocus, Inc. (a) (b)

    10,713        142,804   

Web.com Group, Inc. (b)

    21,320        725,520   

WebMD Health Corp. (a) (b)

    14,701        608,621   

XO Group, Inc. (b)

    17,057        172,958   

Yelp, Inc. (b)

    16,571        1,274,807   

Zillow, Inc. - Class A (a) (b)

    11,762        1,036,232   

Zix Corp. (a) (b)

    33,654        139,328   
   

 

 

 
      24,042,774   
   

 

 

 

IT Services—2.0%

  

Acxiom Corp. (b)

    37,591        1,292,942   

Blackhawk Network Holdings, Inc. (a) (b)

    4,858        118,487   

CACI International, Inc. - Class A (a) (b) (c)

    11,906        878,663   

Cardtronics, Inc. (b)

    23,495        912,781   

Cass Information Systems, Inc. (a)

    5,928        305,648   

CIBER, Inc. (b)

    40,594        185,921   

Computer Task Group, Inc. (a)

    8,399        142,699   

Convergys Corp. (a)

    52,369        1,147,405   

CSG Systems International, Inc. (a)

    18,310        476,792   

Datalink Corp. (a) (b)

    9,229        128,560   

EPAM Systems, Inc. (b)

    11,290        371,441   

Euronet Worldwide, Inc. (a) (b)

    25,270        1,050,979   

EVERTEC, Inc.

    17,332        428,100   

ExlService Holdings, Inc. (b)

    16,429        507,820   

Forrester Research, Inc. (a)

    5,782        207,285   

Global Cash Access Holdings, Inc. (b)

    35,379        242,700   

Heartland Payment Systems, Inc. (a)

    18,289        758,079   

Higher One Holdings, Inc. (b)

    15,855        114,632   

iGATE Corp. (b)

    17,995        567,562   

Lionbridge Technologies, Inc. (b)

    32,857        220,471   

ManTech International Corp. - Class A (a)

    12,440        365,860   

MAXIMUS, Inc.

    34,354        1,541,120   

MoneyGram International, Inc. (b)

    11,813        208,499   

PRGX Global, Inc. (b)

    15,620        108,184   

Sapient Corp. (b)

    55,778        951,573   

ServiceSource International, Inc. (a) (b)

    30,987        261,530   

Sykes Enterprises, Inc. (b)

    20,461        406,560   

Syntel, Inc. (a) (b)

    7,981        717,492   

TeleTech Holdings, Inc. (b)

    10,669        261,497   

Unisys Corp. (b)

    26,228        798,905   

Virtusa Corp. (b)

    13,325        446,521   

WEX, Inc. (b)

    19,452        1,848,913   
   

 

 

 
      17,975,621   
   

 

 

 

Leisure Products—0.5%

  

Arctic Cat, Inc. (a)

    6,783        324,159   

Black Diamond, Inc. (a) (b)

    10,974        134,212   

Brunswick Corp.

    45,794        2,074,010   

Callaway Golf Co. (a)

    40,594        414,871   

LeapFrog Enterprises, Inc. (a) (b)

    32,500        243,750   

Nautilus, Inc. (b)

    16,328        157,239   

 

MSF-165


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Leisure Products—(Continued)

  

Smith & Wesson Holding Corp. (a) (b)

    32,012      $ 468,015   

Sturm Ruger & Co., Inc. (a)

    10,261        613,608   
   

 

 

 
      4,429,864   
   

 

 

 

Life Sciences Tools & Services—0.4%

  

Accelerate Diagnostics, Inc. (b)

    6,234        135,963   

Affymetrix, Inc. (a) (b) (c)

    41,239        294,034   

Albany Molecular Research, Inc. (a) (b)

    12,484        232,078   

Cambrex Corp. (b)

    15,180        286,447   

Fluidigm Corp. (a) (b)

    13,200        581,724   

Furiex Pharmaceuticals, Inc. (a) (b)

    3,553        309,111   

Luminex Corp. (a) (b)

    18,464        334,383   

Pacific Biosciences of California, Inc. (a) (b)

    27,011        144,509   

PAREXEL International Corp. (b)

    28,945        1,565,635   

Sequenom, Inc. (a) (b)

    62,512        153,154   
   

 

 

 
      4,037,038   
   

 

 

 

Machinery—3.0%

  

Actuant Corp. - Class A

    38,530        1,315,800   

Alamo Group, Inc.

    3,532        191,894   

Albany International Corp. - Class A

    14,147        502,784   

Altra Industrial Motion Corp. (a)

    14,458        516,151   

American Railcar Industries, Inc. (a)

    5,478        383,624   

Astec Industries, Inc. (a)

    10,141        445,291   

Barnes Group, Inc. (a)

    27,049        1,040,575   

Blount International, Inc. (b)

    25,829        307,365   

Briggs & Stratton Corp. (a)

    25,255        561,924   

Chart Industries, Inc. (a) (b)

    15,307        1,217,672   

CIRCOR International, Inc.

    8,835        647,871   

CLARCOR, Inc.

    24,715        1,417,405   

Columbus McKinnon Corp. (b)

    10,074        269,882   

Commercial Vehicle Group, Inc. (b)

    12,989        118,460   

Douglas Dynamics, Inc.

    9,877        172,057   

Dynamic Materials Corp. (a)

    7,259        138,211   

Energy Recovery, Inc. (a) (b)

    23,492        124,977   

EnPro Industries, Inc. (a) (b)

    10,617        771,537   

ESCO Technologies, Inc. (a)

    13,728        483,088   

ExOne Co. (The) (a) (b)

    3,282        117,594   

Federal Signal Corp. (b)

    31,915        475,534   

FreightCar America, Inc. (a)

    7,047        163,772   

Gerber Scientific, Inc. (a) (b) (d)

    14,024        0   

Gorman-Rupp Co. (The) (a)

    10,331        328,423   

Graham Corp. (a)

    5,399        171,958   

Greenbrier Cos., Inc. (a) (b)

    12,392        565,075   

Hyster-Yale Materials Handling, Inc.

    4,976        485,160   

John Bean Technologies Corp.

    15,202        469,742   

Kadant, Inc.

    5,766        210,286   

LB Foster Co. - Class A

    5,476        256,551   

Lindsay Corp. (a)

    6,769        596,890   

Lydall, Inc. (b)

    9,530        217,951   

Manitex International, Inc. (a) (b)

    7,446        121,370   

Meritor, Inc. (b)

    50,463        618,172   

Middleby Corp. (The) (b)

    9,334        2,466,136   

Miller Industries, Inc.

    6,185        120,793   

Mueller Industries, Inc.

    28,336        849,797   

Mueller Water Products, Inc. - Class A

    80,834        767,923   

Machinery—(Continued)

  

NN, Inc.

    9,533      187,800   

Proto Labs, Inc. (a) (b)

    8,580        580,609   

RBC Bearings, Inc. (b)

    11,531        734,525   

Rexnord Corp. (b)

    16,151        468,056   

Standex International Corp.

    6,755        361,933   

Sun Hydraulics Corp. (a)

    10,558        457,267   

Tennant Co.

    10,165        667,027   

Titan International, Inc. (a)

    27,896        529,745   

Trimas Corp. (b)

    22,514        747,465   

Twin Disc, Inc. (a)

    4,666        122,902   

Wabash National Corp. (a) (b)

    36,570        503,203   

Watts Water Technologies, Inc. - Class A (a)

    14,669        860,924   

Woodward, Inc.

    35,858        1,489,183   
   

 

 

 
      27,340,334   
   

 

 

 

Marine—0.1%

  

Matson, Inc.

    21,468        530,045   

Scorpio Bulkers, Inc. (b)

    73,004        738,070   
   

 

 

 
      1,268,115   
   

 

 

 

Media—1.2%

  

AH Belo Corp. - Class A

    11,177        129,430   

AMC Entertainment Holdings, Inc. - Class A (b)

    13,324        323,107   

Carmike Cinemas, Inc. (b)

    12,031        359,246   

Central European Media Enterprises, Ltd. - Class A (a) (b)

    40,373        118,697   

Cumulus Media, Inc. - Class A (a) (b)

    45,781        316,347   

Entercom Communications Corp. - Class A (a) (b)

    14,538        146,398   

Entravision Communications Corp. - Class A

    29,645        198,621   

EW Scripps Co. - Class A (b)

    16,943        300,230   

Gray Television, Inc. (a) (b)

    26,074        270,387   

Harte-Hanks, Inc. (a)

    19,287        170,497   

Journal Communications, Inc. - Class A (b)

    24,659        218,479   

Live Nation Entertainment, Inc. (b)

    74,335        1,616,786   

Loral Space & Communications, Inc. (b)

    6,669        471,698   

McClatchy Co. (The) - Class A (a) (b)

    34,610        222,196   

MDC Partners, Inc. - Class A

    19,483        444,602   

Media General, Inc. (a) (b)

    10,457        192,095   

Meredith Corp.

    18,123        841,451   

National CineMedia, Inc. (a)

    31,052        465,780   

New York Times Co. (The) - Class A (a)

    64,437        1,103,161   

Nexstar Broadcasting Group, Inc. - Class A (a)

    14,830        556,422   

Rentrak Corp. (a) (b)

    5,237        315,686   

Saga Communications, Inc. - Class A (a)

    2,853        141,766   

Scholastic Corp. (a)

    14,077        485,375   

Sinclair Broadcast Group, Inc. - Class A (a)

    34,322        929,783   

Sizmek, Inc. (a) (b)

    13,356        141,974   

World Wrestling Entertainment, Inc. - Class A

    14,120        407,786   
   

 

 

 
      10,888,000   
   

 

 

 

Metals & Mining—1.3%

  

A.M. Castle & Co. (a) (b)

    9,250        135,882   

AK Steel Holding Corp. (a) (b)

    70,804        511,205   

 

MSF-166


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Metals & Mining—(Continued)

  

Allied Nevada Gold Corp. (a) (b)

    53,266      $ 229,576   

AMCOL International Corp. (a)

    14,133        647,009   

Century Aluminum Co. (a) (b)

    26,722        352,998   

Coeur Mining, Inc. (b)

    52,874        491,199   

Commercial Metals Co.

    58,786        1,109,880   

Globe Specialty Metals, Inc.

    33,146        690,100   

Haynes International, Inc. (a)

    6,653        359,262   

Hecla Mining Co. (a)

    169,619        520,730   

Horsehead Holding Corp. (a) (b)

    24,392        410,273   

Kaiser Aluminum Corp. (a)

    9,689        691,988   

Materion Corp.

    10,677        362,271   

Molycorp, Inc. (a) (b)

    77,274        362,415   

Olympic Steel, Inc. (a)

    4,963        142,438   

RTI International Metals, Inc. (b)

    16,034        445,425   

Schnitzer Steel Industries, Inc. - Class A (a)

    13,529        390,312   

Stillwater Mining Co. (a) (b)

    61,243        907,009   

SunCoke Energy, Inc. (b)

    35,308        806,435   

U.S. Silica Holdings, Inc. (a)

    11,101        423,725   

Universal Stainless & Alloy Products, Inc. (b)

    4,303        145,312   

Walter Energy, Inc. (a)

    32,001        241,928   

Worthington Industries, Inc.

    26,842        1,026,706   
   

 

 

 
      11,404,078   
   

 

 

 

Multi-Utilities—0.3%

  

Avista Corp. (a)

    30,460        933,599   

Black Hills Corp.

    22,534        1,299,085   

NorthWestern Corp.

    19,221        911,652   
   

 

 

 
      3,144,336   
   

 

 

 

Multiline Retail—0.1%

  

Burlington Stores, Inc. (b)

    9,791        289,030   

Fred’s, Inc. - Class A

    22,266        401,011   

Tuesday Morning Corp. (a) (b)

    24,016        339,826   
   

 

 

 
      1,029,867   
   

 

 

 

Oil, Gas & Consumable Fuels—3.5%

  

Abraxas Petroleum Corp. (b)

    45,519        180,255   

Alon USA Energy, Inc.

    12,159        181,655   

Alpha Natural Resources, Inc. (a) (b)

    111,628        474,419   

Approach Resources, Inc. (a) (b)

    17,593        367,870   

Arch Coal, Inc.

    109,183        526,262   

Athlon Energy, Inc. (b)

    10,483        371,622   

Bill Barrett Corp. (a) (b)

    24,966        639,130   

Bonanza Creek Energy, Inc. (b)

    14,894        661,294   

BPZ Resources, Inc. (a) (b)

    63,498        201,924   

Callon Petroleum Co. (b)

    21,984        184,006   

Carrizo Oil & Gas, Inc. (a) (b)

    23,060        1,232,788   

Clayton Williams Energy, Inc. (b)

    3,222        364,118   

Clean Energy Fuels Corp. (a) (b)

    35,238        315,028   

Cloud Peak Energy, Inc. (b)

    31,583        667,665   

Comstock Resources, Inc. (a)

    24,676        563,847   

Contango Oil & Gas Co. (b)

    7,670        366,166   

Delek U.S. Holdings, Inc.

    18,779        545,342   

Diamondback Energy, Inc. (b)

    10,880        732,333   

Emerald Oil, Inc. (a) (b)

    29,558        198,630   

Oil, Gas & Consumable Fuels—(Continued)

  

Energy XXI Bermuda, Ltd. (a)

    40,250      948,692   

EPL Oil & Gas, Inc. (b)

    15,648        604,013   

Evolution Petroleum Corp.

    9,398        119,636   

EXCO Resources, Inc. (a)

    85,891        480,990   

Forest Oil Corp. (a) (b)

    62,998        120,326   

Frontline, Ltd. (b)

    28,049        110,233   

FX Energy, Inc. (a) (b)

    29,231        97,632   

GasLog, Ltd.

    14,308        333,233   

Gastar Exploration, Inc. (a) (b)

    33,900        185,433   

Goodrich Petroleum Corp. (a) (b)

    16,155        255,572   

Green Plains Renewable Energy, Inc. (a)

    14,691        440,142   

Halcon Resources Corp. (a) (b)

    117,798        510,065   

Knightsbridge Tankers, Ltd.

    13,531        183,345   

Kodiak Oil & Gas Corp. (a) (b)

    134,228        1,629,528   

Magnum Hunter Resources Corp. (a) (b)

    87,944        747,524   

Matador Resources Co. (a) (b)

    29,440        720,986   

Nordic American Tankers, Ltd. (a)

    38,792        381,713   

Northern Oil and Gas, Inc. (a) (b)

    32,713        478,264   

Panhandle Oil and Gas, Inc. - Class A (a)

    3,108        135,540   

PDC Energy, Inc. (b)

    17,964        1,118,439   

Penn Virginia Corp. (a) (b)

    27,430        479,751   

PetroQuest Energy, Inc. (b)

    28,823        164,291   

Quicksilver Resources, Inc. (a) (b)

    69,322        182,317   

Renewable Energy Group, Inc. (b)

    11,111        133,110   

Rentech, Inc. (a) (b)

    117,208        222,695   

Resolute Energy Corp. (a) (b)

    32,333        232,798   

REX American Resources Corp. (b)

    2,900        165,445   

Rex Energy Corp. (a) (b)

    22,443        419,908   

Rosetta Resources, Inc. (a) (b)

    30,879        1,438,344   

RSP Permian, Inc. (b)

    13,822        399,262   

Sanchez Energy Corp. (a) (b)

    19,248        570,318   

Scorpio Tankers, Inc. (a)

    92,909        926,303   

SemGroup Corp. - Class A

    21,575        1,417,046   

Ship Finance International, Ltd. (a)

    28,428        510,851   

Solazyme, Inc. (a) (b)

    24,576        285,327   

Stone Energy Corp. (b)

    25,118        1,054,202   

Swift Energy Co. (a) (b)

    22,073        237,505   

Synergy Resources Corp. (a) (b)

    32,183        345,967   

Targa Resources Corp.

    16,514        1,639,180   

Teekay Tankers, Ltd. - Class A (a)

    33,608        118,972   

Triangle Petroleum Corp. (a) (b)

    35,098        289,207   

Ur- Energy, Inc. (a) (b)

    72,625        112,569   

Vaalco Energy, Inc. (a) (b)

    28,122        240,443   

W&T Offshore, Inc. (a)

    18,499        320,218   

Warren Resources, Inc. (b)

    41,839        200,827   

Western Refining, Inc. (a)

    28,188        1,088,057   

Westmoreland Coal Co. (b)

    6,305        187,763   
   

 

 

 
      31,758,336   
   

 

 

 

Paper & Forest Products—0.7%

  

Boise Cascade Co. (b)

    6,669        191,000   

Clearwater Paper Corp. (b)

    11,093        695,198   

Deltic Timber Corp. (a)

    6,001        391,445   

KapStone Paper and Packaging Corp. (b)

    42,308        1,220,163   

Louisiana-Pacific Corp. (a) (b)

    69,384        1,170,508   

Neenah Paper, Inc.

    7,745        400,572   

 

MSF-167


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Paper & Forest Products—(Continued)

  

PH Glatfelter Co.

    21,278      $ 579,187   

Resolute Forest Products, Inc. (b)

    38,629        776,057   

Schweitzer-Mauduit International, Inc.

    15,980        680,588   

Wausau Paper Corp.

    23,588        300,275   
   

 

 

 
      6,404,993   
   

 

 

 

Personal Products—0.2%

  

Elizabeth Arden, Inc. (a) (b)

    13,201        389,562   

Inter Parfums, Inc.

    8,191        296,596   

Medifast, Inc. (a) (b)

    7,275        211,630   

Nutraceutical International Corp. (b)

    5,375        139,696   

Revlon, Inc. - Class A (a) (b)

    6,172        157,695   

USANA Health Sciences, Inc. (a) (b)

    2,904        218,787   
   

 

 

 
      1,413,966   
   

 

 

 

Pharmaceuticals—1.4%

  

AcelRx Pharmaceuticals, Inc. (a) (b)

    13,182        158,316   

Akorn, Inc. (a) (b)

    32,384        712,448   

Ampio Pharmaceuticals, Inc. (a) (b)

    15,630        99,250   

Auxilium Pharmaceuticals, Inc. (a) (b)

    24,788        673,738   

AVANIR Pharmaceuticals, Inc. - Class A (a) (b)

    74,656        273,987   

BioDelivery Sciences International, Inc. (b)

    16,927        142,864   

Cempra, Inc. (a) (b)

    11,324        130,792   

Corcept Therapeutics, Inc. (b)

    30,044        130,992   

Depomed, Inc. (b)

    31,001        449,514   

Endocyte, Inc. (a) (b)

    16,647        396,365   

Hi-Tech Pharmacal Co., Inc. (b)

    6,764        293,084   

Horizon Pharma, Inc. (a) (b)

    29,283        442,759   

Impax Laboratories, Inc. (b)

    33,899        895,612   

Lannett Co., Inc. (b)

    9,646        344,555   

Medicines Co. (The) (a) (b)

    32,038        910,520   

Nektar Therapeutics (a) (b)

    61,506        745,453   

Omeros Corp. (a) (b)

    16,069        193,953   

Pacira Pharmaceuticals, Inc. (b)

    14,109        987,489   

Pozen, Inc. (a) (b)

    15,222        121,776   

Prestige Brands Holdings, Inc. (b)

    26,054        709,971   

Questcor Pharmaceuticals, Inc. (a)

    26,072        1,692,855   

Relypsa, Inc. (a) (b)

    3,497        104,246   

Repros Therapeutics, Inc. (a) (b)

    12,184        216,144   

Revance Therapeutics, Inc. (b)

    5,623        177,102   

Sagent Pharmaceuticals, Inc. (a) (b)

    8,905        208,110   

Sciclone Pharmaceuticals, Inc. (a) (b)

    31,065        141,346   

TherapeuticsMD, Inc. (a) (b)

    41,419        261,354   

Vivus, Inc. (a) (b)

    52,768        313,442   

XenoPort, Inc. (a) (b)

    30,042        155,317   

Zogenix, Inc. (a) (b)

    53,101        151,072   
   

 

 

 
      12,234,426   
   

 

 

 

Professional Services—1.3%

  

Acacia Research Corp. (a)

    26,332        402,353   

Advisory Board Co. (The) (a) (b)

    18,149        1,166,073   

Barrett Business Services, Inc.

    3,901        232,383   

CBIZ, Inc. (a) (b)

    20,130        184,391   

CDI Corp.

    7,746        132,844   

Corporate Executive Board Co. (The)

    17,121        1,270,892   

Professional Services—(Continued)

  

CRA International, Inc. (b)

    6,362      139,773   

Exponent, Inc.

    6,721        504,478   

FTI Consulting, Inc. (a) (b)

    21,757        725,378   

GP Strategies Corp. (b)

    8,646        235,431   

Heidrick & Struggles International, Inc.

    9,634        193,354   

Huron Consulting Group, Inc. (b)

    11,680        740,278   

ICF International, Inc. (b)

    10,002        398,180   

Insperity, Inc.

    12,162        376,779   

Kelly Services, Inc. - Class A

    14,944        354,621   

Kforce, Inc.

    12,692        270,593   

Korn/Ferry International (b)

    24,691        735,051   

Mistras Group, Inc. (b)

    8,222        187,215   

Navigant Consulting, Inc. (b)

    27,414        511,545   

Odyssey Marine Exploration, Inc. (b)

    45,293        103,540   

On Assignment, Inc. (b)

    22,889        883,287   

Pendrell Corp. (a) (b)

    84,143        153,982   

Resources Connection, Inc.

    20,687        291,480   

RPX Corp. (b)

    16,455        267,887   

TrueBlue, Inc. (b)

    19,573        572,706   

VSE Corp.

    2,185        115,149   

WageWorks, Inc. (b)

    12,583        706,032   
   

 

 

 
      11,855,675   
   

 

 

 

Real Estate Investment Trusts—7.5%

  

Acadia Realty Trust

    27,899        735,976   

AG Mortgage Investment Trust, Inc. (a)

    14,345        251,181   

Agree Realty Corp.

    6,955        211,502   

Alexander’s, Inc. (a)

    1,140        411,529   

Altisource Residential Corp. (a)

    29,057        917,039   

American Assets Trust, Inc.

    17,413        587,515   

American Capital Mortgage Investment Corp.

    26,073        489,390   

American Realty Capital Properties, Inc. (a)

    238,915        3,349,588   

American Residential Properties, Inc. (b)

    9,701        174,424   

AmREIT, Inc. (a)

    8,595        142,419   

Anworth Mortgage Asset Corp.

    71,422        354,253   

Apollo Commercial Real Estate Finance, Inc. (a)

    22,194        369,086   

Apollo Residential Mortgage, Inc.

    16,439        266,805   

Ares Commercial Real Estate Corp.

    11,438        153,384   

Armada Hoffler Properties, Inc. (a)

    10,976        110,199   

ARMOUR Residential REIT, Inc. (a)

    189,819        782,054   

Ashford Hospitality Prime, Inc.

    10,093        152,606   

Ashford Hospitality Trust, Inc.

    31,632        356,493   

Associated Estates Realty Corp.

    29,461        499,069   

Aviv REIT, Inc.

    6,229        152,299   

Campus Crest Communities, Inc. (a)

    33,908        294,321   

Capstead Mortgage Corp. (a)

    53,174        673,183   

Cedar Realty Trust, Inc.

    37,954        231,899   

Chambers Street Properties (a)

    118,956        924,288   

Chatham Lodging Trust

    16,329        330,172   

Chesapeake Lodging Trust

    25,632        659,511   

Colony Financial, Inc.

    47,001        1,031,672   

Coresite Realty Corp. (a)

    10,812        335,172   

Cousins Properties, Inc.

    85,111        976,223   

CubeSmart

    71,269        1,222,976   

CyrusOne, Inc.

    11,074        230,671   

 

MSF-168


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

CYS Investments, Inc. (a)

    80,947      $ 668,622   

DCT Industrial Trust, Inc.

    161,806        1,275,031   

DiamondRock Hospitality Co.

    99,299        1,166,763   

DuPont Fabros Technology, Inc. (a)

    32,563        783,791   

Dynex Capital, Inc. (a)

    28,987        259,434   

EastGroup Properties, Inc. (a)

    15,137        952,269   

Education Realty Trust, Inc.

    59,817        590,394   

Empire State Realty Trust, Inc. - Class A (a)

    45,644        689,681   

EPR Properties

    26,203        1,398,978   

Equity One, Inc.

    30,429        679,784   

Excel Trust, Inc.

    23,675        300,199   

FelCor Lodging Trust, Inc.

    63,841        577,123   

First Industrial Realty Trust, Inc.

    55,940        1,080,761   

First Potomac Realty Trust

    30,465        393,608   

Franklin Street Properties Corp.

    45,751        576,463   

GEO Group, Inc. (The)

    36,840        1,187,722   

Getty Realty Corp. (a)

    13,375        252,654   

Gladstone Commercial Corp. (a)

    10,038        174,059   

Glimcher Realty Trust

    73,142        733,614   

Government Properties Income Trust (a)

    27,626        696,175   

Gramercy Property Trust, Inc. (a)

    26,297        135,693   

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (a)

    8,347        119,779   

Healthcare Realty Trust, Inc.

    48,466        1,170,454   

Hersha Hospitality Trust

    102,691        598,689   

Highwoods Properties, Inc.

    45,234        1,737,438   

Hudson Pacific Properties, Inc.

    26,059        601,181   

Inland Real Estate Corp.

    40,747        429,881   

Invesco Mortgage Capital, Inc. (a)

    63,822        1,051,148   

Investors Real Estate Trust

    51,434        461,877   

iStar Financial, Inc. (a) (b)

    42,568        628,304   

Kite Realty Group Trust

    67,776        406,656   

LaSalle Hotel Properties

    52,656        1,648,659   

Lexington Realty Trust (a)

    91,347        996,596   

LTC Properties, Inc.

    18,082        680,426   

Medical Properties Trust, Inc.

    81,685        1,044,751   

Monmouth Real Estate Investment Corp. - Class A

    21,915        209,069   

National Health Investors, Inc. (a)

    14,922        902,184   

New Residential Investment Corp.

    128,973        834,455   

New York Mortgage Trust, Inc.

    35,338        274,930   

NorthStar Realty Finance Corp.

    165,133        2,665,247   

One Liberty Properties, Inc.

    6,290        134,103   

Parkway Properties, Inc.

    28,719        524,122   

Pebblebrook Hotel Trust

    31,889        1,076,892   

Pennsylvania Real Estate Investment Trust

    35,457        639,999   

PennyMac Mortgage Investment Trust

    35,722        853,756   

Physicians Realty Trust

    11,109        154,637   

Potlatch Corp.

    20,535        794,499   

PS Business Parks, Inc.

    9,958        832,688   

QTS Realty Trust, Inc. - Class A (a)

    6,344        159,171   

RAIT Financial Trust (a)

    42,801        363,380   

Ramco-Gershenson Properties Trust

    34,345        559,823   

Redwood Trust, Inc. (a)

    42,013        852,024   

Resource Capital Corp. (a)

    65,666        365,760   

Retail Opportunity Investments Corp. (a)

    34,893        521,301   

Rexford Industrial Realty, Inc.

    11,822        167,636   

Real Estate Investment Trusts—(Continued)

  

RLJ Lodging Trust

    63,634      1,701,573   

Rouse Properties, Inc. (a)

    12,233        210,897   

Ryman Hospitality Properties (a)

    22,239        945,602   

Sabra Health Care REIT, Inc. (a)

    19,024        530,579   

Saul Centers, Inc.

    4,164        197,207   

Select Income REIT

    11,322        342,717   

Silver Bay Realty Trust Corp.

    8,199        127,248   

Sovran Self Storage, Inc.

    16,549        1,215,524   

STAG Industrial, Inc. (a)

    21,343        514,366   

Strategic Hotels & Resorts, Inc. (b)

    95,154        969,619   

Summit Hotel Properties, Inc.

    40,984        380,331   

Sun Communities, Inc.

    20,575        927,727   

Sunstone Hotel Investors, Inc.

    93,140        1,278,812   

Terreno Realty Corp.

    13,034        246,473   

Universal Health Realty Income Trust

    6,109        258,044   

Urstadt Biddle Properties, Inc. - Class A

    13,207        272,857   

Washington Real Estate Investment Trust (a)

    33,712        805,043   

Western Asset Mortgage Capital Corp. (a)

    11,829        185,006   

Whitestone REIT (a)

    9,513        137,368   

Winthrop Realty Trust

    15,621        181,047   
   

 

 

 
      67,839,272   
   

 

 

 

Real Estate Management & Development—0.3%

  

Alexander & Baldwin, Inc. (a)

    21,692        923,212   

Consolidated-Tomoka Land Co. (a)

    2,461        99,129   

Forestar Group, Inc. (a) (b)

    17,933        319,207   

Kennedy-Wilson Holdings, Inc. (a)

    33,414        752,149   

RE/MAX Holdings, Inc. - Class A (b)

    7,926        228,507   

Tejon Ranch Co. (a) (b)

    7,566        255,958   
   

 

 

 
      2,578,162   
   

 

 

 

Road & Rail—0.6%

  

Arkansas Best Corp.

    13,889        513,199   

Celadon Group, Inc.

    9,437        226,865   

Heartland Express, Inc. (a)

    23,452        532,126   

Knight Transportation, Inc. (a)

    29,563        683,792   

Marten Transport, Ltd.

    13,224        284,581   

Patriot Transportation Holding, Inc. (b)

    3,479        125,418   

Quality Distribution, Inc. (b)

    11,883        154,360   

Roadrunner Transportation Systems, Inc. (a) (b)

    9,507        239,957   

Saia, Inc. (b)

    11,835        452,215   

Swift Transportation Co. (a) (b)

    41,359        1,023,635   

Werner Enterprises, Inc. (a)

    23,073        588,592   

YRC Worldwide, Inc. (a) (b)

    14,785        332,663   
   

 

 

 
      5,157,403   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.6%

  

Advanced Energy Industries, Inc. (b)

    20,778        509,061   

Ambarella, Inc. (a) (b)

    9,901        264,456   

Amkor Technology, Inc. (a) (b)

    37,843        259,603   

Applied Micro Circuits Corp. (a) (b)

    37,494        371,191   

ATMI, Inc. (b)

    16,612        564,974   

Axcelis Technologies, Inc. (b)

    59,771        128,508   

Brooks Automation, Inc.

    36,289        396,639   

 

MSF-169


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Semiconductors & Semiconductor Equipment—(Continued)

  

Cabot Microelectronics Corp. (b)

    12,507      $ 550,308   

Cavium, Inc. (a) (b)

    26,390        1,154,035   

Ceva, Inc. (a) (b)

    13,754        241,520   

Cirrus Logic, Inc. (a) (b)

    34,893        693,324   

Cohu, Inc.

    11,848        127,248   

Cypress Semiconductor Corp. (a) (b)

    74,272        762,773   

Diodes, Inc. (b)

    18,315        478,388   

Entegris, Inc. (b)

    70,530        854,118   

Entropic Communications, Inc. (a) (b)

    44,392        181,563   

Exar Corp. (a) (b) (c)

    20,123        240,470   

FormFactor, Inc. (b) (c)

    27,182        173,693   

GT Advanced Technologies, Inc. (a) (b)

    68,436        1,166,834   

Hittite Microwave Corp.

    16,228        1,023,013   

Inphi Corp. (b)

    13,845        222,766   

Integrated Device Technology, Inc. (b)

    67,574        826,430   

Integrated Silicon Solution, Inc. (b)

    14,137        219,830   

International Rectifier Corp. (b)

    35,512        973,029   

Intersil Corp. - Class A

    65,241        842,914   

IXYS Corp.

    13,771        156,301   

Kopin Corp. (a) (b)

    34,528        130,516   

Lattice Semiconductor Corp. (b)

    61,578        482,771   

LTX-Credence Corp. (b)

    26,473        235,874   

M/A-COM Technology Solutions Holdings, Inc. (b)

    6,053        124,389   

MaxLinear, Inc. - Class A (b)

    12,849        121,809   

Micrel, Inc.

    25,489        282,418   

Microsemi Corp. (b)

    47,110        1,179,163   

MKS Instruments, Inc.

    27,174        812,231   

Monolithic Power Systems, Inc. (b)

    18,772        727,790   

MoSys, Inc. (a) (b)

    20,074        91,136   

Nanometrics, Inc. (a) (b)

    12,771        229,495   

NVE Corp. (b)

    2,605        148,589   

OmniVision Technologies, Inc. (a) (b)

    26,397        467,227   

PDF Solutions, Inc. (b)

    13,439        244,187   

Photronics, Inc. (b)

    30,362        258,988   

PLX Technology, Inc. (b)

    23,066        139,549   

PMC - Sierra, Inc. (b)

    103,361        786,577   

Power Integrations, Inc.

    14,941        982,819   

Rambus, Inc. (a) (b)

    59,232        636,744   

RF Micro Devices, Inc. (b)

    144,045        1,135,075   

Rubicon Technology, Inc. (a) (b)

    11,956        134,983   

Rudolph Technologies, Inc. (a) (b)

    18,288        208,666   

Semtech Corp. (b)

    34,355        870,556   

Silicon Image, Inc. (b)

    41,704        287,758   

Spansion, Inc. - Class A (b)

    26,069        454,122   

SunEdison, Inc. (a) (b)

    133,724        2,519,360   

SunPower Corp. (a) (b)

    21,029        678,396   

Supertex, Inc. (b)

    4,577        150,949   

Synaptics, Inc. (a) (b)

    17,544        1,052,991   

Tessera Technologies, Inc. (a)

    27,229        643,421   

TriQuint Semiconductor, Inc. (b) (c)

    83,225        1,114,383   

Ultra Clean Holdings, Inc. (b)

    13,513        177,696   

Ultratech, Inc. (a) (b)

    13,618        397,509   

Veeco Instruments, Inc. (a) (b)

    20,425        856,420   
   

 

 

 
      32,147,546   
   

 

 

 

Software—3.7%

  

Accelrys, Inc. (b)

    31,619      393,973   

ACI Worldwide, Inc. (b)

    20,289        1,200,906   

Actuate Corp. (b)

    24,071        144,907   

Advent Software, Inc. (a)

    16,892        495,949   

American Software, Inc. - Class A

    12,761        129,779   

Aspen Technology, Inc. (b)

    46,842        1,984,227   

AVG Technologies NV (a) (b)

    12,487        261,728   

Blackbaud, Inc.

    23,345        730,699   

Bottomline Technologies de, Inc. (a) (b)

    19,170        673,826   

BroadSoft, Inc. (a) (b)

    14,701        392,958   

Callidus Software, Inc. (a) (b)

    20,244        253,455   

CommVault Systems, Inc. (a) (b)

    23,645        1,535,743   

Comverse, Inc. (b)

    11,872        410,534   

Digimarc Corp. (a)

    3,564        111,910   

Ebix, Inc. (a)

    16,296        278,173   

Ellie Mae, Inc. (a) (b)

    13,561        391,099   

EPIQ Systems, Inc.

    17,942        244,549   

ePlus, Inc. (b)

    2,282        127,244   

Fair Isaac Corp.

    18,244        1,009,258   

FleetMatics Group plc (a) (b)

    8,467        283,221   

Gigamon, Inc. (a) (b)

    5,056        153,652   

Glu Mobile, Inc. (a) (b)

    35,393        167,763   

Guidance Software, Inc. (b)

    9,812        108,521   

Guidewire Software, Inc. (a) (b)

    24,807        1,216,783   

Imperva, Inc. (a) (b)

    10,304        573,933   

Infoblox, Inc. (b)

    27,141        544,448   

Interactive Intelligence Group, Inc. (b)

    7,901        572,823   

Jive Software, Inc. (a) (b)

    20,334        162,875   

Manhattan Associates, Inc. (b)

    39,340        1,378,080   

Mentor Graphics Corp.

    48,583        1,069,798   

MicroStrategy, Inc. - Class A (b)

    4,507        520,063   

Monotype Imaging Holdings, Inc.

    21,574        650,240   

Netscout Systems, Inc. (b)

    19,351        727,211   

Pegasystems, Inc.

    10,470        369,800   

Progress Software Corp. (b)

    29,256        637,781   

Proofpoint, Inc. (b)

    11,322        419,820   

PROS Holdings, Inc. (a) (b)

    11,234        353,983   

PTC, Inc. (b) (c)

    60,661        2,149,219   

QLIK Technologies, Inc. (b)

    46,199        1,228,431   

Qualys, Inc. (a) (b)

    8,124        206,593   

RealPage, Inc. (a) (b)

    23,771        431,681   

SeaChange International, Inc. (b)

    15,237        159,074   

SS&C Technologies Holdings, Inc. (b)

    29,343        1,174,307   

Synchronoss Technologies, Inc. (a) (b)

    14,183        486,335   

Take-Two Interactive Software, Inc. (b)

    41,777        916,170   

Tangoe, Inc. (a) (b)

    15,994        297,328   

TiVo, Inc. (b)

    63,638        841,931   

Tyler Technologies, Inc. (b)

    15,971        1,336,453   

Ultimate Software Group, Inc. (b)

    13,861        1,898,957   

Varonis Systems, Inc. (b)

    4,533        162,082   

VASCO Data Security International, Inc. (a) (b)

    15,031        113,334   

Verint Systems, Inc. (b)

    26,550        1,245,991   

VirnetX Holding Corp. (a) (b)

    22,272        315,817   

Vringo, Inc. (a) (b)

    36,972        128,293   
   

 

 

 
      33,773,708   
   

 

 

 

 

MSF-170


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Specialty Retail—3.0%

  

Aeropostale, Inc. (a) (b)

    41,826      $ 209,967   

America’s Car-Mart, Inc. (a) (b)

    3,580        131,458   

ANN, Inc. (b)

    23,714        983,657   

Asbury Automotive Group, Inc. (b)

    15,706        868,699   

Barnes & Noble, Inc. (a) (b)

    20,590        430,331   

bebe stores, Inc.

    20,449        125,148   

Big 5 Sporting Goods Corp. (a)

    10,090        161,945   

Brown Shoe Co., Inc.

    23,566        625,442   

Buckle, Inc. (The) (a)

    14,188        649,810   

Cato Corp. (The) - Class A

    14,157        382,805   

Children’s Place Retail Stores, Inc. (The) (a)

    12,666        630,893   

Christopher & Banks Corp. (b)

    19,194        126,872   

Citi Trends, Inc. (b)

    8,551        139,296   

Conn’s, Inc. (a) (b)

    11,320        439,782   

Container Store Group, Inc. (The) (a) (b)

    8,770        297,741   

Destination Maternity Corp.

    7,452        204,185   

Destination XL Group, Inc. (a) (b)

    22,534        127,092   

Express, Inc. (b)

    42,861        680,633   

Finish Line, Inc. (The) - Class A

    27,241        737,959   

Five Below, Inc. (a) (b)

    16,534        702,364   

Francesca’s Holdings Corp. (a) (b)

    22,196        402,635   

Genesco, Inc. (a) (b)

    12,940        964,936   

Group 1 Automotive, Inc. (a)

    10,763        706,699   

Haverty Furniture Cos., Inc.

    10,391        308,613   

Hibbett Sports, Inc. (a) (b)

    14,289        755,602   

Jos. A. Bank Clothiers, Inc. (b)

    14,680        943,924   

Kirkland’s, Inc. (b)

    9,307        172,086   

Lithia Motors, Inc. - Class A

    11,200        744,352   

Lumber Liquidators Holdings, Inc. (a) (b)

    13,856        1,299,693   

MarineMax, Inc. (b)

    12,696        192,852   

Mattress Firm Holding Corp. (a) (b)

    8,372        400,433   

Men’s Wearhouse, Inc. (The)

    24,177        1,184,189   

Monro Muffler Brake, Inc.

    16,141        918,100   

Office Depot, Inc. (a) (b)

    247,164        1,020,787   

Outerwall, Inc. (a) (b)

    10,490        760,525   

Penske Automotive Group, Inc.

    21,853        934,434   

Pep Boys-Manny Moe & Jack (The) (b)

    28,658        364,530   

Pier 1 Imports, Inc. (a)

    47,516        897,102   

RadioShack Corp. (a) (b)

    53,504        113,428   

Rent-A-Center, Inc. (a)

    26,759        711,789   

Restoration Hardware Holdings, Inc. (b)

    8,906        655,393   

Sears Hometown and Outlet Stores, Inc. (b)

    4,481        105,976   

Select Comfort Corp. (a) (b)

    32,261        583,279   

Shoe Carnival, Inc.

    8,227        189,550   

Sonic Automotive, Inc. - Class A (a)

    22,348        502,383   

Stage Stores, Inc. (a)

    16,362        400,051   

Stein Mart, Inc. (a)

    15,504        217,211   

Tile Shop Holdings, Inc. (a) (b)

    10,923        168,760   

Vitamin Shoppe, Inc. (b)

    15,659        744,116   

West Marine, Inc. (b)

    8,963        101,909   

Zale Corp. (b)

    16,986        355,177   

Zumiez, Inc. (a) (b)

    11,433        277,136   
   

 

 

 
      26,753,729   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.4%

  

Cray, Inc. (a) (b)

    20,870        778,868   

Technology Hardware, Storage & Peripherals—(Continued)

  

Electronics for Imaging, Inc. (b)

    23,486      1,017,179   

Fusion-io, Inc. (a) (b)

    46,469        488,854   

Imation Corp. (a) (b)

    19,661        113,444   

Immersion Corp. (a) (b)

    16,446        173,505   

QLogic Corp. (b)

    44,263        564,353   

Quantum Corp. (a) (b)

    113,826        138,868   

Silicon Graphics International Corp. (a) (b)

    18,071        221,912   

Super Micro Computer, Inc. (b)

    15,677        272,310   
   

 

 

 
      3,769,293   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.3%

  

Columbia Sportswear Co.

    6,412        529,952   

Crocs, Inc. (b) (c)

    43,218        674,201   

G-III Apparel Group, Ltd. (a) (b)

    9,377        671,206   

Iconix Brand Group, Inc. (a) (b)

    26,325        1,033,783   

Jones Group, Inc. (The) (a)

    41,279        617,947   

Kate Spade & Co. (b)

    60,208        2,233,115   

Movado Group, Inc.

    10,013        456,092   

Oxford Industries, Inc. (a)

    7,658        598,855   

Quiksilver, Inc. (a) (b)

    66,625        500,354   

R.G. Barry Corp.

    5,956        112,449   

Skechers USA, Inc. - Class A (b)

    20,341        743,260   

Steven Madden, Ltd. (b)

    31,363        1,128,441   

Tumi Holdings, Inc. (a) (b)

    24,156        546,650   

Unifi, Inc. (a) (b)

    7,892        182,068   

Vera Bradley, Inc. (a) (b)

    10,263        276,998   

Vince Holding Corp. (b)

    7,839        206,636   

Wolverine World Wide, Inc. (a)

    50,526        1,442,517   
   

 

 

 
      11,954,524   
   

 

 

 

Thrifts & Mortgage Finance—1.5%

  

Astoria Financial Corp.

    45,199        624,650   

Banc of California, Inc. (a)

    8,788        107,829   

Bank Mutual Corp.

    24,774        157,067   

BankFinancial Corp.

    12,038        120,139   

Beneficial Mutual Bancorp, Inc. (a) (b)

    18,913        249,462   

Berkshire Hills Bancorp, Inc.

    13,053        337,812   

BofI Holding, Inc. (a) (b)

    6,005        514,929   

Brookline Bancorp, Inc.

    37,158        350,028   

Capitol Federal Financial, Inc. (a)

    75,011        941,388   

Charter Financial Corp. (a)

    12,347        133,471   

Dime Community Bancshares, Inc.

    15,501        263,207   

Essent Group, Ltd. (a) (b)

    14,220        319,381   

EverBank Financial Corp. (a)

    40,693        802,873   

Federal Agricultural Mortgage Corp. - Class C

    5,480        182,210   

First Defiance Financial Corp.

    5,038        136,631   

Flagstar Bancorp, Inc. (a) (b)

    9,133        202,935   

Fox Chase Bancorp, Inc.

    7,539        127,032   

Franklin Financial Corp. (b)

    7,196        140,754   

Home Loan Servicing Solutions, Ltd. (a)

    36,012        777,859   

HomeStreet, Inc. (a)

    6,935        135,579   

Kearny Financial Corp. (b)

    8,068        119,245   

Ladder Capital Corp. - Class A (b)

    11,185        211,173   

Meridian Interstate Bancorp, Inc. (a) (b)

    4,638        118,594   

Meta Financial Group, Inc. (a)

    3,308        148,364   

MGIC Investment Corp. (a) (b)

    164,487        1,401,429   

 

MSF-171


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Thrifts & Mortgage Finance—(Continued)

  

Northfield Bancorp, Inc. (a)

    29,861      $ 384,012   

Northwest Bancshares, Inc.

    51,071        745,637   

OceanFirst Financial Corp.

    6,649        117,621   

Oritani Financial Corp.

    22,475        355,330   

PennyMac Financial Services, Inc. - Class A (a) (b)

    8,785        146,182   

Provident Financial Services, Inc.

    31,811        584,368   

Radian Group, Inc. (a)

    87,729        1,318,567   

Rockville Financial, Inc. (a)

    15,288        207,764   

Territorial Bancorp, Inc.

    7,186        155,218   

Tree.com, Inc. (a) (b)

    3,615        112,210   

TrustCo Bank Corp.

    49,973        351,810   

United Community Financial Corp. (b)

    28,109        110,075   

United Financial Bancorp, Inc.

    9,478        174,300   

Walker & Dunlop, Inc. (b)

    8,778        143,520   

WSFS Financial Corp.

    4,212        300,863   
   

 

 

 
      13,831,518   
   

 

 

 

Tobacco—0.2%

  

Alliance One International, Inc. (b)

    45,974        134,244   

Universal Corp. (a)

    12,065        674,313   

Vector Group, Ltd. (a)

    31,751        683,916   
   

 

 

 
      1,492,473   
   

 

 

 

Trading Companies & Distributors—0.9%

  

Aceto Corp.

    12,889        258,940   

Aircastle, Ltd.

    34,426        667,176   

Applied Industrial Technologies, Inc.

    21,259        1,025,534   

Beacon Roofing Supply, Inc. (a) (b)

    24,991        966,152   

CAI International, Inc. (b)

    7,804        192,525   

DXP Enterprises, Inc. (b)

    5,282        501,420   

H&E Equipment Services, Inc. (b)

    14,207        574,673   

Houston Wire & Cable Co.

    10,450        137,209   

Kaman Corp. (a)

    14,024        570,496   

Rush Enterprises, Inc. - Class A (a) (b)

    17,833        579,216   

TAL International Group, Inc. (a) (b)

    16,976        727,761   

Textainer Group Holdings, Ltd. (a)

    10,746        411,249   

Titan Machinery, Inc. (a) (b)

    8,967        140,513   

Watsco, Inc.

    12,890        1,287,840   
   

 

 

 
      8,040,704   
   

 

 

 

Transportation Infrastructure—0.1%

  

Wesco Aircraft Holdings, Inc. (b)

    20,790        457,588   
   

 

 

 

Water Utilities—0.2%

  

American States Water Co.

    19,788        638,954   

California Water Service Group

    24,670        590,600   

Connecticut Water Service, Inc.

    4,821        164,734   

Consolidated Water Co., Ltd.

    8,022        105,730   

Middlesex Water Co.

    7,497        163,584   

SJW Corp.

    7,394        218,567   

York Water Co. (a)

    6,695        136,578   
   

 

 

 
      2,018,747   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Contra Leap Wireless (b) (d)

    27,485      69,262   

NII Holdings, Inc. (a) (b)

    86,612        103,068   

NTELOS Holdings Corp. (a)

    7,785        105,098   

Shenandoah Telecommunications Co. (a)

    12,542        404,981   

USA Mobility, Inc.

    11,723        213,007   
   

 

 

 
      895,416   
   

 

 

 

Total Common Stocks
(Cost $577,979,645)

      846,745,670   
   

 

 

 
Investment Company Security—3.3%   

iShares Russell 2000 Index Fund (a)
(Cost $28,155,300)

    250,600        29,154,804   
   

 

 

 
Warrant—0.0%   

Oil, Gas & Consumable Fuels—0.0%

  

Magnum Hunter Resources Corp.,
Expires 04/15/16 (a) (b) (d)
(Cost $0)

    8,794        0   
   

 

 

 
Rights—0.0%   

Media—0.0%

  

Central European Media Enterprises, Ltd.,
Expires 04/25/14 (b) (d)
(Cost $0)

    650        0   
   

 

 

 
Short-Term Investments—30.7%   

Discount Notes—2.0%

  

Federal Home Loan Bank

   

0.041%, 04/23/14 (e)

    500,000        499,988   

0.051%, 04/25/14 (e)

    450,000        449,985   

0.056%, 04/23/14 (e)

    575,000        574,981   

0.058%, 04/23/14 (e)

    2,250,000        2,249,921   

0.066%, 06/06/14 (e)

    1,400,000        1,399,833   

0.071%, 04/23/14 (e)

    475,000        474,980   

0.071%, 06/06/14 (e)

    1,125,000        1,124,856   

0.091%, 09/04/14 (e)

    11,550,000        11,545,495   
   

 

 

 
      18,320,039   
   

 

 

 

Mutual Fund—28.1%

  

State Street Navigator Securities Lending MET Portfolio (f)

    252,913,536        252,913,536   
   

 

 

 

U.S. Treasury—0.6%

  

U.S. Treasury Bills

   

0.019%, 05/08/14 (e)

    1,100,000        1,099,979   

0.021%, 05/08/14 (e)

    700,000        699,985   

0.022%, 05/15/14 (e)

    50,000        49,999   

0.029%, 05/15/14 (e)

    250,000        249,991   

 

MSF-172


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—(Continued)

  

U.S. Treasury Bills

   

0.040%, 05/08/14 (e)

    200,000      $ 199,992   

0.040%, 05/15/14 (e)

    200,000        199,990   

0.042%, 05/15/14 (e)

    1,000,000        999,949   

0.046%, 05/15/14 (e)

    675,000        674,963   

0.047%, 05/08/14 (e)

    225,000        224,989   

0.050%, 05/15/14 (e)

    275,000        274,984   

0.063%, 05/15/14 (e)

    150,000        149,989   

0.084%, 05/15/14 (e)

    325,000        324,967   

0.086%, 05/15/14 (e)

    275,000        274,971   

0.088%, 05/15/14 (e)

    50,000        49,995   
   

 

 

 
      5,474,743   
   

 

 

 

Total Short-Term Investments
(Cost $276,708,318)

      276,708,318   
   

 

 

 

Total Investments—128.0%
(Cost $882,843,263) (g)

      1,152,608,792   

Other assets and liabilities
(net)—(28.0)%

      (251,975,231
   

 

 

 
Net Assets—100.0%     $ 900,633,561   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $250,883,877 and the collateral received consisted of cash in the amount of $252,913,536 and non-cash collateral with a value of $1,162,941. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2014, the market value of securities pledged was $3,408,548.
(d) Illiquid security. As of March 31, 2014, these securities represent 0.0% of net assets.
(e) The rate shown represents the discount rate at the time of purchase by the Portfolio.
(f) Represents investment of cash collateral received from securities lending transactions.
(g) As of March 31, 2014, the aggregate cost of investments was $882,843,263. The aggregate unrealized appreciation and depreciation of investments were $309,274,751 and $(39,509,222), respectively, resulting in net unrealized appreciation of $269,765,529.

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
   Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

Russell 2000 Mini Index Futures

   06/20/14      197         USD         23,078,897       $ (20,047
              

 

 

 

 

(USD)— United States Dollar

 

MSF-173


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 846,745,670      $ —        $ —         $ 846,745,670   

Total Investment Company Security

     29,154,804        —          —           29,154,804   

Total Warrant*

     0        —          —           0   

Total Rights*

     0        —          —           0   
Short-Term Investments          

Discount Notes

     —          18,320,039        —           18,320,039   

Mutual Fund

     252,913,536        —          —           252,913,536   

U.S. Treasury

     —          5,474,743        —           5,474,743   

Total Short-Term Investments

     252,913,536        23,794,782        —           276,708,318   

Total Investments

   $ 1,128,814,010      $ 23,794,782      $ —         $ 1,152,608,792   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (252,913,536   $ —         $ (252,913,536
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (20,047   $ —        $ —         $ (20,047

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-174


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.3% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—4.6%

  

Boeing Co. (The)

    297,200      $ 37,295,628   

Precision Castparts Corp.

    220,280        55,677,973   

United Technologies Corp.

    218,200        25,494,488   
   

 

 

 
      118,468,089   
   

 

 

 

Air Freight & Logistics—0.7%

  

FedEx Corp.

    135,800        18,001,648   
   

 

 

 

Airlines—1.7%

  

American Airlines Group, Inc. (a)

    557,800        20,415,480   

Delta Air Lines, Inc.

    257,800        8,932,770   

United Continental Holdings, Inc. (a)

    289,200        12,906,996   
   

 

 

 
      42,255,246   
   

 

 

 

Auto Components—0.8%

  

Delphi Automotive plc

    286,500        19,441,890   
   

 

 

 

Automobiles—0.9%

  

Harley-Davidson, Inc.

    151,400        10,084,754   

Tesla Motors, Inc. (a) (b)

    67,490        14,068,291   
   

 

 

 
      24,153,045   
   

 

 

 

Beverages—1.1%

  

PepsiCo, Inc.

    322,100        26,895,350   
   

 

 

 

Biotechnology—8.1%

  

Alexion Pharmaceuticals, Inc. (a)

    147,640        22,460,473   

Biogen Idec, Inc. (a)

    173,390        53,034,800   

Celgene Corp. (a)

    153,217        21,389,093   

Gilead Sciences, Inc. (a)

    974,600        69,060,156   

Incyte Corp., Ltd. (a)

    167,900        8,986,008   

Pharmacyclics, Inc. (a) (b)

    80,800        8,097,776   

Regeneron Pharmaceuticals, Inc. (a)

    38,750        11,635,850   

Vertex Pharmaceuticals, Inc. (a)

    168,900        11,944,608   
   

 

 

 
      206,608,764   
   

 

 

 

Capital Markets—2.0%

  

BlackRock, Inc.

    42,600        13,396,848   

Invesco, Ltd.

    323,288        11,961,656   

State Street Corp.

    170,200        11,837,410   

TD Ameritrade Holding Corp.

    425,100        14,432,145   
   

 

 

 
      51,628,059   
   

 

 

 

Chemicals—3.4%

  

Ecolab, Inc.

    274,100        29,600,059   

FMC Corp.

    103,000        7,885,680   

Praxair, Inc.

    154,250        20,202,122   

Sherwin-Williams Co. (The)

    148,020        29,179,183   
   

 

 

 
      86,867,044   
   

 

 

 

Commercial Services & Supplies—0.6%

  

Tyco International, Ltd.

    352,400        14,941,760   
   

 

 

 

Communications Equipment—1.0%

  

Juniper Networks, Inc. (a)

    455,500      11,733,680   

QUALCOMM, Inc.

    165,000        13,011,900   
   

 

 

 
      24,745,580   
   

 

 

 

Construction Materials—0.4%

  

Martin Marietta Materials, Inc. (b)

    70,300        9,023,005   
   

 

 

 

Consumer Finance—1.0%

  

American Express Co.

    277,600        24,992,328   
   

 

 

 

Diversified Financial Services—0.3%

  

IntercontinentalExchange Group, Inc.

    43,408        8,587,405   
   

 

 

 

Electrical Equipment—1.0%

  

Roper Industries, Inc.

    182,240        24,330,862   
   

 

 

 

Food & Staples Retailing—2.3%

  

Costco Wholesale Corp.

    133,100        14,864,608   

CVS Caremark Corp.

    375,900        28,139,874   

Whole Foods Market, Inc.

    301,000        15,263,710   
   

 

 

 
      58,268,192   
   

 

 

 

Food Products—0.3%

  

Nestle S.A.

    116,458        8,774,977   
   

 

 

 

Health Care Equipment & Supplies—0.8%

  

IDEXX Laboratories, Inc. (a) (b)

    108,300        13,147,620   

Stryker Corp.

    93,700        7,633,739   
   

 

 

 
      20,781,359   
   

 

 

 

Health Care Providers & Services—2.8%

  

Humana, Inc.

    27,413        3,089,993   

McKesson Corp.

    273,900        48,362,523   

UnitedHealth Group, Inc.

    228,300        18,718,317   
   

 

 

 
      70,170,833   
   

 

 

 

Hotels, Restaurants & Leisure—6.7%

  

Carnival plc

    238,272        9,091,996   

Chipotle Mexican Grill, Inc. (a)

    44,600        25,335,030   

Las Vegas Sands Corp.

    402,900        32,546,262   

Marriott International, Inc. - Class A (b)

    144,060        8,070,241   

MGM Resorts International (a)

    823,900        21,306,054   

Starbucks Corp.

    500,900        36,756,042   

Starwood Hotels & Resorts Worldwide, Inc.

    188,300        14,988,680   

Wynn Macau, Ltd.

    2,808,000        11,636,053   

Wynn Resorts, Ltd.

    54,700        12,151,605   
   

 

 

 
      171,881,963   
   

 

 

 

Household Durables—0.8%

  

D.R. Horton, Inc. (b)

    428,200        9,270,530   

Lennar Corp. - Class A (b)

    248,100        9,829,722   
   

 

 

 
      19,100,252   
   

 

 

 

 

MSF-175


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Products—0.3%

  

Procter & Gamble Co. (The)

    103,800      $ 8,366,280   
   

 

 

 

Industrial Conglomerates—2.2%

  

Danaher Corp.

    747,100        56,032,500   
   

 

 

 

Internet & Catalog Retail—9.3%

  

Amazon.com, Inc. (a)

    351,705        118,355,766   

Ctrip.com International, Ltd. (ADR) (a)

    327,500        16,512,550   

Netflix, Inc. (a)

    60,400        21,262,612   

priceline.com, Inc. (a)

    67,640        80,619,440   
   

 

 

 
      236,750,368   
   

 

 

 

Internet Software & Services—11.2%

  

Akamai Technologies, Inc. (a)

    152,100        8,853,741   

Baidu, Inc. (ADR) (a)

    158,690        24,181,182   

eBay, Inc. (a)

    294,300        16,257,132   

Facebook, Inc. - Class A (a)

    492,300        29,656,152   

Google, Inc. - Class A (a)

    142,470        158,784,240   

LinkedIn Corp. - Class A (a)

    100,420        18,571,675   

NAVER Corp.

    19,013        13,841,725   

Tencent Holdings, Ltd.

    139,577        9,718,188   

Twitter, Inc. (Private Placement) (a) (c)

    162,214        7,318,202   
   

 

 

 
      287,182,237   
   

 

 

 

IT Services—6.8%

  

Alliance Data Systems Corp. (a) (b)

    36,170        9,854,516   

Cognizant Technology Solutions Corp. - Class A (a)

    421,400        21,327,054   

Fiserv, Inc. (a)

    176,800        10,022,792   

MasterCard, Inc. - Class A

    838,900        62,665,830   

Visa, Inc. - Class A Shares

    327,630        70,722,212   
   

 

 

 
      174,592,404   
   

 

 

 

Machinery—0.7%

  

Flowserve Corp.

    77,000        6,032,180   

Wabtec Corp.

    160,400        12,431,000   
   

 

 

 
      18,463,180   
   

 

 

 

Media—1.9%

  

Charter Communications, Inc. - Class A (a)

    56,600        6,973,120   

Discovery Communications, Inc. - Class C (a)

    119,000        9,170,140   

Twenty-First Century Fox, Inc. - Class A

    493,300        15,770,801   

Walt Disney Co. (The)

    209,446        16,770,341   
   

 

 

 
      48,684,402   
   

 

 

 

Multiline Retail—0.2%

  

Dollar Tree, Inc. (a)

    118,800        6,198,984   
   

 

 

 

Oil, Gas & Consumable Fuels—3.0%

  

Concho Resources, Inc. (a)

    106,500        13,046,250   

EQT Corp.

    126,500        12,266,705   

Pioneer Natural Resources Co.

    156,360        29,261,210   

Range Resources Corp. (b)

    249,500        20,701,015   
   

 

 

 
      75,275,180   
   

 

 

 

Pharmaceuticals—1.0%

  

Valeant Pharmaceuticals International, Inc. (a)

    201,500      26,563,745   
   

 

 

 

Real Estate Investment Trusts—4.1%

  

American Tower Corp.

    598,900        49,031,943   

Crown Castle International Corp.

    764,778        56,425,321   
   

 

 

 
      105,457,264   
   

 

 

 

Road & Rail—1.8%

  

J.B. Hunt Transport Services, Inc.

    81,200        5,839,904   

Kansas City Southern

    254,100        25,933,446   

Union Pacific Corp.

    76,290        14,316,581   
   

 

 

 
      46,089,931   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.8%

  

ASML Holding NV

    211,300        19,726,968   
   

 

 

 

Software—3.6%

  

Concur Technologies, Inc. (a) (b)

    71,300        7,063,691   

NetSuite, Inc. (a) (b)

    74,500        7,064,835   

Red Hat, Inc. (a)

    223,500        11,841,030   

Salesforce.com, Inc. (a)

    577,360        32,961,482   

ServiceNow, Inc. (a)

    197,600        11,840,192   

VMware, Inc. - Class A (a) (b)

    120,800        13,048,816   

Workday, Inc. - Class A (a)

    95,700        8,749,851   
   

 

 

 
      92,569,897   
   

 

 

 

Specialty Retail—5.7%

  

AutoZone, Inc. (a)

    53,140        28,541,494   

CarMax, Inc. (a) (b)

    438,700        20,531,160   

Home Depot, Inc. (The)

    358,100        28,336,453   

Lowe’s Cos., Inc.

    674,000        32,958,600   

Ross Stores, Inc.

    179,900        12,871,845   

Tractor Supply Co.

    301,182        21,272,485   
   

 

 

 
      144,512,037   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.9%

  

Apple, Inc.

    85,120        45,687,309   

Stratasys, Ltd. (a)

    25,600        2,715,904   
   

 

 

 
      48,403,213   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.5%

  

Hanesbrands, Inc.

    46,000        3,518,080   

NIKE, Inc. - Class B

    185,500        13,701,030   

Prada S.p.A.

    433,800        3,358,434   

Under Armour, Inc. - Class A (a) (b)

    156,700        17,964,088   
   

 

 

 
      38,541,632   
   

 

 

 

Trading Companies & Distributors—0.7%

  

Fastenal Co. (b)

    247,000        12,182,040   

WW Grainger, Inc.

    24,600        6,215,436   
   

 

 

 
      18,397,476   
   

 

 

 

 

MSF-176


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Wireless Telecommunication Services—1.3%

  

SBA Communications Corp. - Class A (a)

    113,700      $ 10,342,152   

SoftBank Corp.

    313,600        23,651,531   
   

 

 

 
      33,993,683   
   

 

 

 

Total Common Stocks
(Cost $1,839,749,368)

      2,535,719,032   
   

 

 

 
Convertible Preferred Stock—0.0%   

Internet Software & Services—0.0%

  

 

Living Social, Inc. - Class F (a) (c) (d) (Cost $781,235)

    101,591        64,002   
   

 

 

 
Short-Term Investments—6.1%   

Mutual Funds—6.1%

   

State Street Navigator Securities Lending MET Portfolio (e)

    134,021,287        134,021,287   

T. Rowe Price Government Reserve Investment Fund (f)

    22,447,863        22,447,863   
   

 

 

 

Total Short-Term Investments
(Cost $156,469,150)

      156,469,150   
   

 

 

 

Total Investments—105.4% (Cost $1,996,999,753) (g)

      2,692,252,184   

Other assets and liabilities (net)—(5.4)%

      (137,101,497
   

 

 

 
Net Assets—100.0%     $ 2,555,150,687   
   

 

 

 
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $132,114,851 and the collateral received consisted of cash in the amount of $134,021,287 and non-cash collateral with a value of $494,598. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of March 31, 2014, the market value of restricted securities was $7,382,204, which is 0.3% of net assets. See details shown in the Restricted Securities table that follows.
(d) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent less than 0.05% of net assets.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) Affiliated Issuer.
(g) As of March 31, 2014, the aggregate cost of investments was $1,996,999,753. The aggregate unrealized appreciation and depreciation of investments were $699,057,928 and $(3,805,497), respectively, resulting in net unrealized appreciation of $695,252,431.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

 

Restricted Securities

   Acquisition
Date
   Shares      Cost      Value  

Living Social, Inc. - Class F

   11/18/11      101,591       $ 781,235       $ 64,002   

Twitter, Inc. (Private Placement)

   09/13/11      162,214         2,610,610         7,318,202   
           

 

 

 
            $ 7,382,204   
           

 

 

 

 

MSF-177


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 118,468,089       $ —         $ —         $ 118,468,089   

Air Freight & Logistics

     18,001,648         —           —           18,001,648   

Airlines

     42,255,246         —           —           42,255,246   

Auto Components

     19,441,890         —           —           19,441,890   

Automobiles

     24,153,045         —           —           24,153,045   

Beverages

     26,895,350         —           —           26,895,350   

Biotechnology

     206,608,764         —           —           206,608,764   

Capital Markets

     51,628,059         —           —           51,628,059   

Chemicals

     86,867,044         —           —           86,867,044   

Commercial Services & Supplies

     14,941,760         —           —           14,941,760   

Communications Equipment

     24,745,580         —           —           24,745,580   

Construction Materials

     9,023,005         —           —           9,023,005   

Consumer Finance

     24,992,328         —           —           24,992,328   

Diversified Financial Services

     8,587,405         —           —           8,587,405   

Electrical Equipment

     24,330,862         —           —           24,330,862   

Food & Staples Retailing

     58,268,192         —           —           58,268,192   

Food Products

     —           8,774,977         —           8,774,977   

Health Care Equipment & Supplies

     20,781,359         —           —           20,781,359   

Health Care Providers & Services

     70,170,833         —           —           70,170,833   

Hotels, Restaurants & Leisure

     151,153,914         20,728,049         —           171,881,963   

Household Durables

     19,100,252         —           —           19,100,252   

Household Products

     8,366,280         —           —           8,366,280   

Industrial Conglomerates

     56,032,500         —           —           56,032,500   

Internet & Catalog Retail

     236,750,368         —           —           236,750,368   

Internet Software & Services

     256,304,122         30,878,115         —           287,182,237   

IT Services

     174,592,404         —           —           174,592,404   

Machinery

     18,463,180         —           —           18,463,180   

Media

     48,684,402         —           —           48,684,402   

Multiline Retail

     6,198,984         —           —           6,198,984   

Oil, Gas & Consumable Fuels

     75,275,180         —           —           75,275,180   

Pharmaceuticals

     26,563,745         —           —           26,563,745   

Real Estate Investment Trusts

     105,457,264         —           —           105,457,264   

Road & Rail

     46,089,931         —           —           46,089,931   

Semiconductors & Semiconductor Equipment

     19,726,968         —           —           19,726,968   

Software

     92,569,897         —           —           92,569,897   

Specialty Retail

     144,512,037         —           —           144,512,037   

 

MSF-178


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Technology Hardware, Storage & Peripherals

   $ 48,403,213       $ —        $ —         $ 48,403,213   

Textiles, Apparel & Luxury Goods

     35,183,198         3,358,434        —           38,541,632   

Trading Companies & Distributors

     18,397,476         —          —           18,397,476   

Wireless Telecommunication Services

     10,342,152         23,651,531        —           33,993,683   

Total Common Stocks

     2,448,327,926         87,391,106        —           2,535,719,032   

Total Convertible Preferred Stock*

     —           —          64,002         64,002   

Total Short-Term Investments*

     156,469,150         —          —           156,469,150   

Total Investments

   $ 2,604,797,076       $ 87,391,106      $ 64,002       $ 2,692,252,184   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (134,021,287   $ —         $ (134,021,287

 

* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities

   Balance as of
December 31, 2013
     Change in
Unrealized
Appreciation/
(Depreciation)
     Balance as of
March 31, 2014
     Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held at
March 31, 2014
 
Convertible Preferred Stocks            

Internet Software & Services

   $ 64,002       $       $ 64,002       $   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-179


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—99.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.5%

  

Esterline Technologies Corp. (a)

    35,200      $ 3,750,208   

GenCorp, Inc. (a) (b)

    111,800        2,042,586   

HEICO Corp. - Class A

    113,881        4,943,574   

Hexcel Corp. (a)

    100,700        4,384,478   

Teledyne Technologies, Inc. (a)

    65,700        6,394,581   

TransDigm Group, Inc.

    26,300        4,870,760   

Triumph Group, Inc.

    9,200        594,136   
   

 

 

 
      26,980,323   
   

 

 

 

Airlines—0.7%

  

Allegiant Travel Co. (b)

    19,400        2,171,442   

Spirit Airlines, Inc. (a)

    95,900        5,696,460   
   

 

 

 
      7,867,902   
   

 

 

 

Auto Components—0.6%

  

Dana Holding Corp.

    65,300        1,519,531   

Tenneco, Inc. (a)

    80,600        4,680,442   
   

 

 

 
      6,199,973   
   

 

 

 

Banks—1.4%

  

Signature Bank (a)

    48,200        6,053,438   

SVB Financial Group (a)

    36,100        4,648,958   

Texas Capital Bancshares, Inc. (a) (b)

    67,700        4,396,438   
   

 

 

 
      15,098,834   
   

 

 

 

Beverages—0.8%

  

Boston Beer Co., Inc. (The) - Class A (a)

    34,687        8,488,950   
   

 

 

 

Biotechnology—7.8%

  

ACADIA Pharmaceuticals, Inc. (a)

    70,800        1,722,564   

Acceleron Pharma, Inc. (a) (b)

    10,300        355,350   

Acorda Therapeutics, Inc. (a)

    33,800        1,281,358   

Aegerion Pharmaceuticals, Inc. (a) (b)

    35,400        1,632,648   

Alkermes plc (a)

    144,900        6,388,641   

Alnylam Pharmaceuticals, Inc. (a)

    57,800        3,880,692   

AMAG Pharmaceuticals, Inc. (a) (b)

    35,100        679,185   

BioMarin Pharmaceutical, Inc. (a)

    72,000        4,911,120   

Cepheid, Inc. (a) (b)

    75,200        3,878,816   

Cubist Pharmaceuticals, Inc. (a) (b)

    88,500        6,473,775   

Exelixis, Inc. (a) (b)

    284,900        1,008,546   

Idenix Pharmaceuticals, Inc. (a) (b)

    103,700        625,311   

Incyte Corp., Ltd. (a)

    163,000        8,723,760   

Intercept Pharmaceuticals, Inc. (a) (b)

    10,700        3,528,753   

InterMune, Inc. (a) (b)

    80,600        2,697,682   

Isis Pharmaceuticals, Inc. (a) (b)

    75,000        3,240,750   

Lexicon Pharmaceuticals, Inc. (a) (b)

    106,600        184,418   

Ligand Pharmaceuticals, Inc. (a) (b)

    31,400        2,111,964   

Medivation, Inc. (a) (b)

    26,800        1,725,116   

Neurocrine Biosciences, Inc. (a) (b)

    111,900        1,801,590   

NPS Pharmaceuticals, Inc. (a)

    117,200        3,507,796   

Opko Health, Inc. (a) (b)

    113,600        1,058,752   

Pharmacyclics, Inc. (a) (b)

    52,000        5,211,440   

Prothena Corp. plc (a) (b)

    22,600        865,806   

Puma Biotechnology, Inc. (a)

    42,800        4,457,192   

Seattle Genetics, Inc. (a) (b)

    99,700        4,542,332   

Biotechnology—(Continued)

  

Sunesis Pharmaceuticals, Inc. (a) (b)

    55,700      368,177   

Theravance, Inc. (a) (b)

    69,100        2,137,954   

United Therapeutics Corp. (a)

    55,800        5,246,874   
   

 

 

 
      84,248,362   
   

 

 

 

Building Products—0.2%

  

AAON, Inc. (b)

    58,800        1,638,756   
   

 

 

 

Capital Markets—2.2%

  

Affiliated Managers Group, Inc. (a)

    22,849        4,570,943   

E*Trade Financial Corp. (a)

    237,960        5,477,839   

Financial Engines, Inc. (b)

    54,500        2,767,510   

Virtus Investment Partners, Inc. (a)

    17,900        3,099,743   

Waddell & Reed Financial, Inc. - Class A

    107,900        7,943,598   
   

 

 

 
      23,859,633   
   

 

 

 

Chemicals—2.3%

  

Koppers Holdings, Inc.

    22,100        911,183   

NewMarket Corp. (b)

    21,200        8,284,536   

Rockwood Holdings, Inc.

    75,600        5,624,640   

Stepan Co.

    65,900        4,254,504   

WR Grace & Co. (a)

    62,900        6,237,793   
   

 

 

 
      25,312,656   
   

 

 

 

Commercial Services & Supplies—1.7%

  

Clean Harbors, Inc. (a) (b)

    49,000        2,684,710   

Healthcare Services Group, Inc. (b)

    107,300        3,118,138   

Rollins, Inc.

    107,750        3,258,360   

Team, Inc. (a) (b)

    55,500        2,378,730   

U.S. Ecology, Inc.

    62,800        2,331,136   

Waste Connections, Inc.

    106,100        4,653,546   
   

 

 

 
      18,424,620   
   

 

 

 

Communications Equipment—1.6%

  

ADTRAN, Inc. (b)

    56,500        1,379,165   

Aruba Networks, Inc. (a) (b)

    141,000        2,643,750   

EchoStar Corp. - Class A (a)

    30,900        1,469,604   

JDS Uniphase Corp. (a)

    172,500        2,415,000   

Plantronics, Inc.

    77,400        3,440,430   

Polycom, Inc. (a)

    103,286        1,417,084   

Riverbed Technology, Inc. (a)

    153,767        3,030,747   

Ubiquiti Networks, Inc. (a)

    29,400        1,336,818   
   

 

 

 
      17,132,598   
   

 

 

 

Consumer Finance—0.6%

  

Portfolio Recovery Associates, Inc. (a) (b)

    105,400        6,098,444   

World Acceptance Corp. (a) (b)

    10,900        818,372   
   

 

 

 
      6,916,816   
   

 

 

 

Containers & Packaging—0.5%

  

Graphic Packaging Holding Co. (a)

    348,200        3,537,712   

Rock-Tenn Co. - Class A

    19,800        2,090,286   
   

 

 

 
      5,627,998   
   

 

 

 

 

MSF-180


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Distributors—0.7%

  

LKQ Corp. (a)

    100,300      $ 2,642,905   

Pool Corp.

    82,300        5,046,636   
   

 

 

 
      7,689,541   
   

 

 

 

Diversified Consumer Services—0.9%

  

American Public Education, Inc. (a) (b)

    46,500        1,631,220   

Ascent Capital Group, Inc. - Class A (a) (b)

    43,700        3,301,535   

Sotheby’s (b)

    82,400        3,588,520   

Steiner Leisure, Ltd. (a)

    19,700        911,125   
   

 

 

 
      9,432,400   
   

 

 

 

Diversified Financial Services—1.0%

  

CBOE Holdings, Inc.

    89,900        5,088,340   

MarketAxess Holdings, Inc.

    58,900        3,488,058   

MSCI, Inc. (a)

    15,678        674,468   

NewStar Financial, Inc. (a) (b)

    87,791        1,216,783   
   

 

 

 
      10,467,649   
   

 

 

 

Diversified Telecommunication Services—0.4%

  

tw telecom, Inc. (a)

    133,000        4,157,580   
   

 

 

 

Electrical Equipment—1.2%

  

Acuity Brands, Inc. (b)

    57,800        7,662,546   

Generac Holdings, Inc.

    98,600        5,814,442   
   

 

 

 
      13,476,988   
   

 

 

 

Electronic Equipment, Instruments & Components—2.2%

  

Anixter International, Inc.

    69,400        7,045,488   

Cognex Corp. (a)

    108,400        3,670,424   

Coherent, Inc. (a)

    66,600        4,352,310   

FARO Technologies, Inc. (a)

    18,900        1,001,700   

FEI Co.

    77,400        7,973,748   
   

 

 

 
      24,043,670   
   

 

 

 

Energy Equipment & Services—2.1%

  

Atwood Oceanics, Inc. (a)

    53,500        2,695,865   

Core Laboratories NV

    23,200        4,603,808   

Dril-Quip, Inc. (a)

    48,200        5,403,220   

Oceaneering International, Inc.

    45,800        3,291,188   

Oil States International, Inc. (a)

    40,200        3,963,720   

Tesco Corp. (a) (b)

    84,700        1,566,950   

Unit Corp. (a)

    9,000        588,420   
   

 

 

 
      22,113,171   
   

 

 

 

Food & Staples Retailing—1.2%

  

Rite Aid Corp. (a)

    1,281,200        8,033,124   

Susser Holdings Corp. (a) (b)

    81,900        5,116,293   
   

 

 

 
      13,149,417   
   

 

 

 

Food Products—1.5%

  

Dean Foods Co. (b)

    91,200        1,409,952   

J&J Snack Foods Corp.

    77,100        7,399,287   

TreeHouse Foods, Inc. (a) (b)

    96,300        6,932,637   
   

 

 

 
      15,741,876   
   

 

 

 

Health Care Equipment & Supplies—3.6%

  

Align Technology, Inc. (a)

    104,100      5,391,339   

Cooper Cos., Inc. (The)

    36,200        4,972,432   

DexCom, Inc. (a)

    85,600        3,540,416   

HeartWare International, Inc. (a) (b)

    14,900        1,397,322   

ICU Medical, Inc. (a)

    29,000        1,736,520   

IDEXX Laboratories, Inc. (a) (b)

    40,700        4,940,980   

Masimo Corp. (a) (b)

    53,700        1,466,547   

Meridian Bioscience, Inc. (b)

    35,600        775,724   

Sirona Dental Systems, Inc. (a) (b)

    85,100        6,354,417   

Thoratec Corp. (a)

    61,700        2,209,477   

Volcano Corp. (a) (b)

    61,800        1,218,078   

West Pharmaceutical Services, Inc.

    100,000        4,405,000   
   

 

 

 
      38,408,252   
   

 

 

 

Health Care Providers & Services—3.6%

  

Air Methods Corp. (a) (b)

    111,200        5,941,416   

Bio-Reference Labs, Inc. (a) (b)

    48,000        1,328,640   

Centene Corp. (a)

    63,400        3,946,650   

Chemed Corp. (b)

    15,300        1,368,585   

Corvel Corp. (a)

    79,000        3,931,040   

HealthSouth Corp.

    101,600        3,650,488   

MEDNAX, Inc. (a)

    80,400        4,983,192   

MWI Veterinary Supply, Inc. (a)

    30,500        4,746,410   

Team Health Holdings, Inc. (a)

    124,500        5,571,375   

WellCare Health Plans, Inc. (a)

    44,400        2,820,288   
   

 

 

 
      38,288,084   
   

 

 

 

Health Care Technology—0.3%

   

athenahealth, Inc. (a)

    10,800        1,730,592   

HMS Holdings Corp. (a) (b)

    56,400        1,074,420   
   

 

 

 
      2,805,012   
   

 

 

 

Hotels, Restaurants & Leisure—4.5%

  

Bally Technologies, Inc. (a) (b)

    64,900        4,300,923   

Brinker International, Inc. (b)

    100,700        5,281,715   

Buffalo Wild Wings, Inc. (a)

    23,200        3,454,480   

Cheesecake Factory, Inc. (The) (b)

    59,200        2,819,696   

Choice Hotels International, Inc. (b)

    81,400        3,744,400   

Denny’s Corp. (a)

    580,400        3,731,972   

Domino’s Pizza, Inc.

    91,900        7,073,543   

Jack in the Box, Inc. (a)

    49,000        2,888,060   

Red Robin Gourmet Burgers, Inc. (a)

    57,300        4,107,264   

Six Flags Entertainment Corp.

    143,500        5,761,525   

Vail Resorts, Inc.

    76,100        5,304,170   
   

 

 

 
      48,467,748   
   

 

 

 

Household Durables—0.8%

  

Helen of Troy, Ltd. (a)

    87,800        6,078,394   

iRobot Corp. (a) (b)

    61,600        2,528,680   

NACCO Industries, Inc. - Class A

    8,597        466,043   
   

 

 

 
      9,073,117   
   

 

 

 

Insurance—0.2%

  

Amtrust Financial Services, Inc. (b)

    70,478        2,650,678   
   

 

 

 

 

MSF-181


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet & Catalog Retail—1.5%

  

HSN, Inc.

    107,600      $ 6,426,948   

Liberty Ventures - Series A (a)

    52,200        6,803,226   

Shutterfly, Inc. (a) (b)

    79,900        3,410,132   
   

 

 

 
      16,640,306   
   

 

 

 

Internet Software & Services—2.6%

  

Conversant, Inc. (a) (b)

    100,900        2,840,335   

Cornerstone OnDemand, Inc. (a)

    82,000        3,925,340   

CoStar Group, Inc. (a)

    31,500        5,882,310   

Envestnet, Inc. (a)

    68,000        2,732,240   

j2 Global, Inc. (b)

    59,600        2,982,980   

MercadoLibre, Inc. (b)

    38,600        3,671,246   

Perficient, Inc. (a)

    85,400        1,547,448   

WebMD Health Corp. (a) (b)

    102,100        4,226,940   
   

 

 

 
      27,808,839   
   

 

 

 

IT Services—5.4%

  

Cardtronics, Inc. (a)

    138,400        5,376,840   

CoreLogic, Inc. (a)

    185,300        5,566,412   

DST Systems, Inc.

    36,200        3,431,398   

Euronet Worldwide, Inc. (a) (b)

    106,300        4,421,017   

Gartner, Inc. (a)

    112,000        7,777,280   

Heartland Payment Systems, Inc. (b)

    127,060        5,266,637   

Jack Henry & Associates, Inc.

    85,000        4,739,600   

MAXIMUS, Inc.

    215,700        9,676,302   

TeleTech Holdings, Inc. (a) (b)

    46,400        1,137,264   

Unisys Corp. (a)

    67,909        2,068,508   

VeriFone Systems, Inc. (a)

    65,600        2,218,592   

WEX, Inc. (a)

    67,900        6,453,895   
   

 

 

 
      58,133,745   
   

 

 

 

Leisure Products—1.3%

  

Brunswick Corp.

    119,000        5,389,510   

Polaris Industries, Inc.

    61,700        8,620,107   
   

 

 

 
      14,009,617   
   

 

 

 

Life Sciences Tools & Services—1.4%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    18,300        2,344,596   

Bruker Corp. (a)

    93,500        2,130,865   

Illumina, Inc. (a) (b)

    23,100        3,434,046   

Mettler-Toledo International, Inc. (a)

    9,700        2,286,096   

PAREXEL International Corp. (a)

    83,500        4,516,515   
   

 

 

 
      14,712,118   
   

 

 

 

Machinery—6.8%

  

Actuant Corp. - Class A

    109,800        3,749,670   

Chart Industries, Inc. (a) (b)

    34,200        2,720,610   

Graco, Inc.

    63,600        4,753,464   

Hyster-Yale Materials Handling, Inc.

    34,894        3,402,165   

IDEX Corp.

    51,900        3,782,991   

John Bean Technologies Corp.

    112,400        3,473,160   

Lincoln Electric Holdings, Inc.

    90,000        6,480,900   

Middleby Corp. (The) (a)

    42,400        11,202,504   

Nordson Corp.

    80,800        5,695,592   

Standex International Corp.

    26,600        1,425,228   

Machinery—(Continued)

  

Sun Hydraulics Corp. (b)

    51,300      2,221,803   

Toro Co. (The)

    124,700        7,879,793   

Valmont Industries, Inc. (b)

    39,300        5,849,412   

Wabtec Corp.

    117,900        9,137,250   

Woodward, Inc.

    45,200        1,877,156   
   

 

 

 
      73,651,698   
   

 

 

 

Marine—0.7%

  

Kirby Corp. (a) (b)

    73,200        7,411,500   
   

 

 

 

Media—1.3%

  

John Wiley & Sons, Inc. - Class A (b)

    20,700        1,193,148   

Live Nation Entertainment, Inc. (a)

    244,200        5,311,350   

Madison Square Garden Co. (The) - Class A (a)

    64,400        3,656,632   

Sizmek, Inc. (a)

    26,300        279,569   

Starz - Class A (a)

    113,000        3,647,640   
   

 

 

 
      14,088,339   
   

 

 

 

Metals & Mining—0.3%

  

Compass Minerals International, Inc.

    25,200        2,079,504   

Stillwater Mining Co. (a) (b)

    51,400        761,234   
   

 

 

 
      2,840,738   
   

 

 

 

Multiline Retail—0.2%

  

Big Lots, Inc. (a) (b)

    55,300        2,094,211   
   

 

 

 

Oil, Gas & Consumable Fuels—3.3%

  

Bonanza Creek Energy, Inc. (a)

    41,600        1,847,040   

Clayton Williams Energy, Inc. (a)

    35,100        3,966,651   

Contango Oil & Gas Co. (a)

    69,000        3,294,060   

Delek U.S. Holdings, Inc.

    50,000        1,452,000   

Diamondback Energy, Inc. (a)

    44,000        2,961,640   

Energy XXI Bermuda, Ltd. (b)

    78,100        1,840,817   

Gran Tierra Energy, Inc. (a) (b)

    277,700        2,077,196   

Halcon Resources Corp. (a) (b)

    179,700        778,101   

Oasis Petroleum, Inc. (a)

    121,400        5,066,022   

Rosetta Resources, Inc. (a)

    69,700        3,246,626   

SemGroup Corp. - Class A

    75,700        4,971,976   

SM Energy Co.

    57,600        4,106,304   
   

 

 

 
      35,608,433   
   

 

 

 

Paper & Forest Products—0.7%

  

Clearwater Paper Corp. (a)

    25,800        1,616,886   

KapStone Paper and Packaging Corp. (a)

    190,000        5,479,600   
   

 

 

 
      7,096,486   
   

 

 

 

Personal Products—0.5%

  

Nu Skin Enterprises, Inc. - Class A (b)

    66,800        5,534,380   
   

 

 

 

Pharmaceuticals—2.8%

  

Akorn, Inc. (a) (b)

    118,500        2,607,000   

Auxilium Pharmaceuticals, Inc. (a) (b)

    51,600        1,402,488   

AVANIR Pharmaceuticals, Inc. - Class A (a) (b)

    267,700        982,459   

Jazz Pharmaceuticals plc (a)

    25,800        3,577,944   

Medicines Co. (The) (a)

    73,500        2,088,870   

 

MSF-182


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Pharmaceuticals—(Continued)

  

Nektar Therapeutics (a) (b)

    98,300      $ 1,191,396   

Pacira Pharmaceuticals, Inc. (a)

    31,400        2,197,686   

Prestige Brands Holdings, Inc. (a)

    154,400        4,207,400   

Questcor Pharmaceuticals, Inc. (b)

    72,100        4,681,453   

Salix Pharmaceuticals, Ltd. (a) (b)

    65,300        6,765,733   
   

 

 

 
      29,702,429   
   

 

 

 

Professional Services—1.1%

  

Advisory Board Co. (The) (a)

    73,300        4,709,525   

Exponent, Inc.

    33,600        2,522,016   

Huron Consulting Group, Inc. (a)

    65,000        4,119,700   

RPX Corp. (a)

    37,500        610,500   
   

 

 

 
      11,961,741   
   

 

 

 

Real Estate Investment Trusts—0.6%

  

DuPont Fabros Technology, Inc. (b)

    24,200        582,494   

Sabra Health Care REIT, Inc. (b)

    52,233        1,456,778   

Strategic Hotels & Resorts, Inc. (a)

    186,600        1,901,454   

Taubman Centers, Inc.

    30,600        2,166,174   
   

 

 

 
      6,106,900   
   

 

 

 

Real Estate Management & Development—1.2%

  

Altisource Portfolio Solutions S.A. (a) (b)

    46,200        5,620,692   

Forest City Enterprises, Inc. - Class A (a)

    145,800        2,784,780   

Jones Lang LaSalle, Inc.

    17,000        2,014,500   

Kennedy-Wilson Holdings, Inc.

    95,443        2,148,422   
   

 

 

 
      12,568,394   
   

 

 

 

Road & Rail—2.0%

  

AMERCO

    20,000        4,642,400   

Avis Budget Group, Inc. (a) (b)

    114,900        5,595,630   

Landstar System, Inc.

    49,700        2,943,234   

Old Dominion Freight Line, Inc. (a)

    150,650        8,547,881   
   

 

 

 
      21,729,145   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.0%

  

Amkor Technology, Inc. (a) (b)

    94,900        651,014   

Atmel Corp. (a)

    478,400        3,999,424   

Cabot Microelectronics Corp. (a)

    30,400        1,337,600   

Cavium, Inc. (a) (b)

    91,800        4,014,414   

Diodes, Inc. (a)

    90,600        2,366,472   

Hittite Microwave Corp.

    60,800        3,832,832   

Magnachip Semiconductor Corp. (a)

    58,200        811,308   

Microsemi Corp. (a)

    112,700        2,820,881   

Semtech Corp. (a)

    88,400        2,240,056   

Silicon Laboratories, Inc. (a)

    33,900        1,771,275   

Synaptics, Inc. (a) (b)

    84,000        5,041,680   

Teradyne, Inc. (a) (b)

    133,000        2,645,370   

Ultratech, Inc. (a) (b)

    40,300        1,176,357   
   

 

 

 
      32,708,683   
   

 

 

 

Software—8.0%

  

Actuate Corp. (a)

    83,119        500,376   

Advent Software, Inc. (b)

    85,300        2,504,408   

Software—(Continued)

  

Aspen Technology, Inc. (a)

    186,900      7,917,084   

CommVault Systems, Inc. (a) (b)

    92,300        5,994,885   

Computer Modelling Group, Ltd. (b)

    111,000        2,927,870   

Concur Technologies, Inc. (a) (b)

    53,900        5,339,873   

FactSet Research Systems, Inc. (b)

    39,900        4,301,619   

Fortinet, Inc. (a)

    130,700        2,879,321   

Informatica Corp. (a)

    88,600        3,347,308   

Manhattan Associates, Inc. (a)

    145,900        5,110,877   

MICROS Systems, Inc. (a) (b)

    71,900        3,805,667   

Monotype Imaging Holdings, Inc.

    105,605        3,182,935   

Netscout Systems, Inc. (a)

    118,900        4,468,262   

Pegasystems, Inc. (b)

    33,500        1,183,220   

Proofpoint, Inc. (a)

    24,300        901,044   

PTC, Inc. (a)

    133,700        4,736,991   

SolarWinds, Inc. (a)

    62,500        2,664,375   

Solera Holdings, Inc.

    24,600        1,558,164   

SS&C Technologies Holdings, Inc. (a)

    85,600        3,425,712   

TIBCO Software, Inc. (a)

    155,400        3,157,728   

Tyler Technologies, Inc. (a)

    103,100        8,627,408   

Ultimate Software Group, Inc. (a)

    58,700        8,041,900   
   

 

 

 
      86,577,027   
   

 

 

 

Specialty Retail—3.6%

  

Aaron’s, Inc.

    76,000        2,298,240   

Ascena Retail Group, Inc. (a)

    202,600        3,500,928   

Buckle, Inc. (The) (b)

    48,700        2,230,460   

Chico’s FAS, Inc.

    176,800        2,834,104   

Children’s Place Retail Stores, Inc. (The) (b)

    31,900        1,588,939   

DSW, Inc. - Class A

    191,600        6,870,776   

Guess?, Inc.

    31,300        863,880   

Hibbett Sports, Inc. (a) (b)

    44,250        2,339,940   

Monro Muffler Brake, Inc. (b)

    119,200        6,780,096   

Sally Beauty Holdings, Inc. (a)

    196,200        5,375,880   

Tractor Supply Co.

    65,000        4,590,950   
   

 

 

 
      39,274,193   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.5%

  

3D Systems Corp. (a) (b)

    49,200        2,910,180   

Stratasys, Ltd. (a) (b)

    20,000        2,121,800   
   

 

 

 
      5,031,980   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.2%

  

Deckers Outdoor Corp. (a) (b)

    43,000        3,428,390   

Fossil Group, Inc. (a)

    20,948        2,442,862   

Hanesbrands, Inc.

    115,000        8,795,200   

Iconix Brand Group, Inc. (a) (b)

    91,000        3,573,570   

Steven Madden, Ltd. (a)

    139,600        5,022,808   
   

 

 

 
      23,262,830   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

MGIC Investment Corp. (a)

    338,500        2,884,020   

Ocwen Financial Corp. (a) (b)

    47,200        1,849,296   

Radian Group, Inc.

    148,000        2,224,440   
   

 

 

 
      6,957,756   
   

 

 

 

 

MSF-183


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Trading Companies & Distributors—0.5%

  

Beacon Roofing Supply, Inc. (a)

    83,500      $ 3,228,110   

United Rentals, Inc. (a) (b)

    18,832        1,787,910   
   

 

 

 
      5,016,020   
   

 

 

 

Total Common Stocks
(Cost $ 740,111,687)

      1,068,290,112   
   

 

 

 
Short-Term Investments—21.5%   

Mutual Funds—21.5%

  

State Street Navigator Securities Lending MET Portfolio (c)

    219,339,633        219,339,633   

T. Rowe Price Government Reserve Investment Fund (d)

    12,392,822        12,392,822   
   

 

 

 

Total Short-Term Investments
(Cost $ 231,732,455)

      231,732,455   
   

 

 

 

Total Investments—120.7%
(Cost $ 971,844,142) (e)

      1,300,022,567   

Other assets and liabilities (net)—(20.7)%

      (223,304,893
   

 

 

 
Net Assets—100.0%     $ 1,076,717,674   
   

 

 

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $218,631,335 and the collateral received consisted of cash in the amount of $219,339,633 and non-cash collateral with a value of $155,027. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) Affiliated Issuer.
(e) As of March 31, 2014, the aggregate cost of investments was $971,844,142. The aggregate unrealized appreciation and depreciation of investments were $340,998,066 and $(12,819,641), respectively, resulting in net unrealized appreciation of $328,178,425.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,068,290,112       $ —        $ —         $ 1,068,290,112   

Total Short-Term Investments*

     231,732,455         —          —           231,732,455   

Total Investments

   $ 1,300,022,567       $ —        $ —         $ 1,300,022,567   

Collateral for securities loaned (Liability)

   $ —         $ (219,339,633   $ —         $ (219,339,633

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-184


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—95.3% of Net Assets

 

Security Description   Shares     Value  

Chemicals—1.4%

  

Agrium, Inc. (a)

    177,100      $ 17,270,792   
   

 

 

 

Construction & Engineering—0.8%

  

Jacobs Engineering Group, Inc. (b)

    143,200        9,093,200   
   

 

 

 

Energy Equipment & Services—22.8%

  

Atwood Oceanics, Inc. (b)

    406,300        20,473,457   

Cameron International Corp. (b)

    492,400        30,415,548   

Diamond Offshore Drilling, Inc. (a)

    174,700        8,518,372   

Dril-Quip, Inc. (b)

    215,900        24,202,390   

Halliburton Co.

    874,500        51,499,305   

Nabors Industries, Ltd.

    712,600        17,565,590   

National Oilwell Varco, Inc.

    380,300        29,613,961   

Noble Corp. plc

    329,500        10,787,830   

Schlumberger, Ltd.

    511,000        49,822,500   

Seadrill, Ltd. (a)

    263,024        9,247,924   

Superior Energy Services, Inc.

    685,700        21,092,132   
   

 

 

 
      273,239,009   
   

 

 

 

Food Products—0.7%

  

Archer-Daniels-Midland Co.

    187,200        8,122,608   
   

 

 

 

Machinery—1.7%

  

Cummins, Inc.

    134,100        19,979,559   
   

 

 

 

Metals & Mining—19.8%

  

African Minerals, Ltd. (a) (b)

    800,198        2,088,434   

Eldorado Gold Corp. (a)

    1,764,900        9,848,142   

First Quantum Minerals, Ltd. (a)

    2,056,200        37,999,246   

Freeport-McMoRan Copper & Gold, Inc.

    789,100        26,095,537   

GlencoreXstrata plc

    11,547,837        59,565,254   

Goldcorp, Inc.

    1,141,800        27,951,264   

Kinross Gold Corp. (b)

    1,213,804        5,025,148   

New Gold, Inc. (b)

    1,937,800        9,456,464   

Osisko Mining Corp. (b)

    950,200        5,913,502   

Randgold Resources, Ltd. (ADR) (a)

    239,700        17,977,500   

Royal Gold, Inc. (a)

    154,100        9,649,742   

Steel Dynamics, Inc.

    520,500        9,259,695   

United States Steel Corp. (a)

    420,100        11,598,961   

Yamana Gold, Inc.

    595,200        5,225,856   
   

 

 

 
      237,654,745   
   

 

 

 

Oil, Gas & Consumable Fuels—46.6%

  

Afren plc (b)

    8,328,101        19,629,947   

Alpha Natural Resources, Inc. (a) (b)

    270,220        1,148,435   

Anadarko Petroleum Corp.

    448,850        38,044,526   

Cimarex Energy Co.

    416,800        49,645,048   

Cloud Peak Energy, Inc. (b)

    321,900        6,804,966   

Concho Resources, Inc. (b)

    387,450        47,462,625   

CONSOL Energy, Inc.

    1,152,000        46,022,400   

Delek U.S. Holdings, Inc.

    385,100        11,183,304   

Diamondback Energy, Inc. (a) (b)

    266,900        17,965,039   

EOG Resources, Inc.

    187,400        36,762,258   

Genel Energy plc (b)

    376,100        6,164,123   

Gulfport Energy Corp. (b)

    251,400        17,894,652   

HollyFrontier Corp. (a)

    597,000        28,405,260   

Oil, Gas & Consumable Fuels—(Continued)

  

Laredo Petroleum, Inc. (a) (b)

    235,600      6,092,616   

Marathon Oil Corp.

    887,300        31,516,896   

Marathon Petroleum Corp.

    312,800        27,226,112   

Newfield Exploration Co. (b)

    228,300        7,159,488   

Ophir Energy plc (a) (b)

    2,277,903        9,112,075   

Phillips 66

    399,900        30,816,294   

Pioneer Natural Resources Co.

    256,700        48,038,838   

Scorpio Tankers, Inc.

    450,600        4,492,482   

SM Energy Co.

    487,800        34,775,262   

Tesoro Corp.

    509,600        25,780,664   

Whiting Petroleum Corp. (b)

    96,502        6,696,274   
   

 

 

 
      558,839,584   
   

 

 

 

Paper & Forest Products—1.5%

  

Louisiana-Pacific Corp. (a) (b)

    1,099,701        18,551,940   
   

 

 

 

Total Common Stocks
(Cost $1,023,673,561)

      1,142,751,437   
   

 

 

 
Warrant—0.0%                

Metals & Mining — 0.0%

   

Kinross Gold Corp., Strike Price $21.70, Expires 09/17/14 (b)
(Cost $140,490)

    29,480        400   
   

 

 

 
Short-Term Investments—12.3%                

Mutual Funds—12.3%

   

AIM STIT-STIC Prime Portfolio

    50,056,598        50,056,598   

State Street Navigator Securities Lending MET Portfolio (c)

    97,287,455        97,287,455   
   

 

 

 

Total Short-Term Investments
(Cost $147,344,053)

      147,344,053   
   

 

 

 

Total Investments—107.6%
(Cost $1,171,158,104) (d)

      1,290,095,890   

Other assets and liabilities (net)—(7.6)%

      (91,368,902
   

 

 

 
Net Assets—100.0%     $ 1,198,726,988   
   

 

 

 

 

(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $95,817,442 and the collateral received consisted of cash in the amount of $97,287,455 and non-cash collateral with a value of $818,986. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities lending transactions.
(d)

As of March 31, 2014, the aggregate cost of investments was $1,171,158,104. The aggregate unrealized appreciation and

 

MSF-185


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

 

depreciation of investments were $193,911,730 and $(74,973,944), respectively, resulting in net unrealized appreciation of $118,937,786.

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Chemicals

   $ 17,270,792       $ —        $ —         $ 17,270,792   

Construction & Engineering

     9,093,200         —          —           9,093,200   

Energy Equipment & Services

     273,239,009         —          —           273,239,009   

Food Products

     8,122,608         —          —           8,122,608   

Machinery

     19,979,559         —          —           19,979,559   

Metals & Mining

     176,001,057         61,653,688        —           237,654,745   

Oil, Gas & Consumable Fuels

     523,933,439         34,906,145        —           558,839,584   

Paper & Forest Products

     18,551,940         —          —           18,551,940   

Total Common Stocks

     1,046,191,604         96,559,833        —           1,142,751,437   

Total Warrant*

     400         —          —           400   

Total Short-Term Investments*

     147,344,053         —          —           147,344,053   

Total Investments

   $ 1,193,536,057       $ 96,559,833      $ —         $ 1,290,095,890   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (97,287,455   $ —         $ (97,287,455

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-186


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—47.2% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Advertising—0.1%

  

CBS Outdoor Americas Capital LLC / CBS Outdoor Americas Capital Corp.
5.250%, 02/15/22 (144A) (a)

    430,000      $ 440,750   

5.625%, 02/15/24 (144A) (a)

    430,000        440,750   

WPP Finance 2010
5.125%, 09/07/42

    240,000        236,071   

WPP Finance UK
8.000%, 09/15/14

    230,000        237,512   
   

 

 

 
      1,355,083   
   

 

 

 

Aerospace/Defense—0.5%

  

Boeing Capital Corp.
4.700%, 10/27/19

    350,000        390,519   

Boeing Co. (The)
4.875%, 02/15/20

    540,000        604,822   

6.000%, 03/15/19

    50,000        58,835   

Kratos Defense & Security Solutions, Inc.
10.000%, 06/01/17 (a)

    3,000,000        3,172,500   

Raytheon Co.
3.125%, 10/15/20

    30,000        30,307   

United Technologies Corp.
4.500%, 06/01/42

    360,000        366,577   
   

 

 

 
      4,623,560   
   

 

 

 

Agriculture—0.7%

  

Altria Group, Inc.
4.000%, 01/31/24

    2,820,000        2,825,344   

4.750%, 05/05/21

    890,000        971,283   

5.375%, 01/31/44

    490,000        512,243   

Imperial Tobacco Finance plc
2.050%, 02/11/18 (144A)

    560,000        555,514   

Lorillard Tobacco Co.
3.750%, 05/20/23

    500,000        471,280   

8.125%, 06/23/19 (a)

    390,000        482,061   

Philip Morris International, Inc.
2.500%, 08/22/22

    440,000        413,635   

2.900%, 11/15/21

    640,000        631,603   

Reynolds American, Inc.
3.250%, 11/01/22

    270,000        254,016   

6.750%, 06/15/17

    325,000        374,699   
   

 

 

 
      7,491,678   
   

 

 

 

Airlines—0.5%

  

Delta Air Lines Pass-Through Trust
6.821%, 02/10/24

    527,905        620,289   

8.021%, 02/10/24

    2,366,111        2,726,943   

Northwest Airlines Pass-Through Trust
7.575%, 09/01/20

    19,167        22,042   

UAL Pass-Through Trust
9.750%, 07/15/18

    72,117        82,934   

United Airlines, Inc.
6.750%, 09/15/15 (144A)

    1,964,000        2,003,280   
   

 

 

 
      5,455,488   
   

 

 

 

Auto Manufacturers—0.3%

  

Chrysler Group LLC / CG Co-Issuer, Inc.
8.250%, 06/15/21 (144A)

    610,000      690,063   

Daimler Finance North America LLC
2.625%, 09/15/16 (144A)

    790,000        818,845   

Ford Motor Co.
4.750%, 01/15/43

    1,020,000        986,364   

Hyundai Capital America
2.125%, 10/02/17 (144A)

    240,000        241,747   
   

 

 

 
      2,737,019   
   

 

 

 

Banks—6.1%

  

Bank of America Corp.
2.600%, 01/15/19

    1,560,000        1,566,154   

3.875%, 03/22/17

    300,000        319,995   

4.000%, 04/01/24

    1,260,000        1,258,517   

4.100%, 07/24/23

    1,730,000        1,754,767   

4.125%, 01/22/24

    880,000        889,917   

4.875%, 04/01/44

    1,140,000        1,145,187   

5.000%, 01/21/44

    2,330,000        2,378,664   

5.420%, 03/15/17

    1,530,000        1,685,685   

5.650%, 05/01/18

    630,000        712,173   

6.500%, 08/01/16

    1,900,000        2,128,103   

6.875%, 04/25/18

    280,000        330,207   

Barclays Bank plc
6.050%, 12/04/17 (144A)

    140,000        156,904   

10.179%, 06/12/21 (144A)

    100,000        134,033   

BNP Paribas S.A.
2.375%, 09/14/17

    310,000        317,512   

CIT Group, Inc.
5.000%, 08/01/23

    2,030,000        2,075,675   

Citigroup, Inc.
4.050%, 07/30/22

    3,930,000        3,945,170   

5.350%, 05/15/23 (b)

    560,000        519,400   

5.500%, 09/13/25

    990,000        1,054,546   

5.900%, 02/15/23 (b)

    320,000        313,400   

5.950%, 01/30/23 (a) (b)

    590,000        576,725   

6.000%, 08/15/17

    650,000        736,750   

Commonwealth Bank of Australia
5.000%, 10/15/19 (144A)

    320,000        356,797   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
4.625%, 12/01/23 (a)

    1,400,000        1,440,677   

5.750%, 12/01/43

    1,480,000        1,615,090   

11.000%, 06/30/19 (144A) (b)

    415,000        550,913   

Credit Agricole S.A.
8.375%, 10/13/19 (144A) (b)

    890,000        1,010,150   

Goldman Sachs Capital II
4.000%, 12/31/49 (b)

    3,490,000        2,687,300   

Goldman Sachs Group, Inc. (The)
2.375%, 01/22/18 (a)

    1,240,000        1,248,239   

2.900%, 07/19/18

    410,000        418,116   

4.000%, 03/03/24

    480,000        477,872   

5.250%, 07/27/21

    1,680,000        1,859,743   

6.150%, 04/01/18

    30,000        34,296   

6.250%, 02/01/41

    210,000        249,363   

 

MSF-187


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Goldman Sachs Group, Inc. (The)
6.750%, 10/01/37

    400,000      $ 458,208   

7.500%, 02/15/19

    20,000        24,196   

HBOS plc
6.750%, 05/21/18 (144A)

    240,000        271,906   

HSBC Holdings plc
4.250%, 03/14/24 (a)

    850,000        851,046   

ING Bank NV
5.800%, 09/25/23 (144A)

    1,510,000        1,610,335   

JPMorgan Chase & Co.
3.375%, 05/01/23

    780,000        738,363   

4.350%, 08/15/21

    160,000        171,503   

4.500%, 01/24/22

    160,000        172,493   

5.150%, 10/01/15 (a)

    1,980,000        2,101,275   

6.125%, 06/27/17

    160,000        181,372   

M&T Bank Corp.
6.875%, 06/15/16

    2,540,000        2,540,429   

Morgan Stanley
0.687%, 10/18/16 (b)

    360,000        359,102   

4.750%, 03/22/17 (a)

    140,000        152,786   

5.450%, 01/09/17

    530,000        585,922   

5.950%, 12/28/17

    430,000        490,856   

Nordea Bank AB
4.875%, 05/13/21 (144A)

    950,000        996,455   

Royal Bank of Scotland Group plc
5.000%, 10/01/14

    730,000        740,021   

6.100%, 06/10/23

    780,000        809,655   

7.648%, 09/30/31 (b)

    120,000        129,000   

Royal Bank of Scotland plc
13.125%, 03/19/22 (AUD) (b)

    1,580,000        1,744,404   

Standard Chartered plc
5.700%, 03/26/44 (144A) (a)

    1,890,000        1,872,234   

State Street Corp.
4.956%, 03/15/18

    320,000        348,607   

Wachovia Bank N.A.
6.000%, 11/15/17

    1,990,000        2,292,751   

Wachovia Capital Trust III
5.570%, 12/31/49 (b)

    1,321,000        1,269,811   

Wells Fargo & Co.
1.500%, 01/16/18

    300,000        297,136   

3.450%, 02/13/23

    680,000        659,999   

4.480%, 01/16/24

    2,596,000        2,682,073   

4.600%, 04/01/21

    110,000        121,071   

5.375%, 11/02/43

    660,000        695,238   

Wells Fargo Capital X
5.950%, 12/01/86

    600,000        600,000   
   

 

 

 
      61,916,287   
   

 

 

 

Beverages—0.6%

  

Anheuser-Busch InBev Worldwide, Inc.
2.500%, 07/15/22

    280,000        264,373   

5.000%, 04/15/20

    260,000        293,681   

5.375%, 01/15/20

    1,110,000        1,274,262   

Diageo Investment Corp.
2.875%, 05/11/22

    670,000        650,140   

Beverages—(Continued)

  

Heineken NV
1.400%, 10/01/17 (144A)

    260,000      258,864   

Molson Coors Brewing Co.
3.500%, 05/01/22

    60,000        59,855   

PepsiCo, Inc.
4.000%, 03/05/42

    670,000        620,432   

7.900%, 11/01/18

    76,000        95,401   

Pernod-Ricard S.A.
2.950%, 01/15/17 (144A)

    270,000        279,814   

4.450%, 01/15/22 (144A)

    940,000        983,085   

5.500%, 01/15/42 (144A)

    1,130,000        1,229,313   
   

 

 

 
      6,009,220   
   

 

 

 

Building Materials—1.1%

  

Building Materials Corp. of America
7.500%, 03/15/20 (144A) (a)

    3,400,000        3,663,500   

Cemex Finance LLC
9.375%, 10/12/22 (144A) (a)

    6,470,000        7,594,163   
   

 

 

 
      11,257,663   
   

 

 

 

Chemicals—0.7%

  

Alpek S.A. de C.V.
4.500%, 11/20/22 (144A)

    890,000        876,650   

Braskem Finance, Ltd.
5.375%, 05/02/22 (144A) (a)

    1,980,000        1,930,500   

Ecolab, Inc.
4.350%, 12/08/21

    70,000        75,320   

LyondellBasell Industries NV
5.000%, 04/15/19

    1,190,000        1,325,016   

Potash Corp. of Saskatchewan, Inc.
4.875%, 03/30/20 (a)

    40,000        44,128   

Rain CII Carbon LLC/CII Carbon Corp
8.250%, 01/15/21 (144A)

    2,650,000        2,729,500   
   

 

 

 
      6,981,114   
   

 

 

 

Coal—0.8%

  

Arch Coal, Inc.
7.000%, 06/15/19 (a)

    2,630,000        2,031,675   

9.875%, 06/15/19 (a)

    1,110,000        965,700   

CONSOL Energy, Inc.
8.250%, 04/01/20

    3,720,000        4,040,850   

Natural Resource Partners L.P.
9.125%, 10/01/18 (144A)

    720,000        752,400   
   

 

 

 
      7,790,625   
   

 

 

 

Commercial Services—0.5%

  

NES Rentals Holdings, Inc.
7.875%, 05/01/18 (144A)

    990,000        1,059,300   

Service Corp. International
7.500%, 04/01/27

    350,000        371,000   

7.625%, 10/01/18

    125,000        144,219   

WEX, Inc.
4.750%, 02/01/23 (144A)

    3,440,000        3,233,600   
   

 

 

 
      4,808,119   
   

 

 

 

 

MSF-188


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Computers—0.0%

  

Compiler Finance Sub, Inc.
7.000%, 05/01/21 (144A)

    450,000      $ 453,375   
   

 

 

 

Cosmetics/Personal Care—0.1%

  

First Quality Finance Co., Inc.
4.625%, 05/15/21 (144A)

    490,000        476,525   
   

 

 

 

Diversified Financial Services—2.3%

  

American Express Co.
6.800%, 09/01/66 (b)

    1,650,000        1,807,905   

Ausdrill Finance Pty, Ltd.
6.875%, 11/01/19 (144A) (a)

    3,050,000        2,775,500   

Ford Motor Credit Co. LLC
8.125%, 01/15/20

    1,240,000        1,563,634   

General Electric Capital Corp.
4.375%, 09/16/20

    70,000        76,029   

4.625%, 01/07/21

    40,000        44,041   

6.375%, 11/15/67 (b)

    2,120,000        2,332,000   

6.875%, 01/10/39

    4,391,000        5,782,688   

General Motors Financial Co., Inc.
2.750%, 05/15/16

    30,000        30,393   

ILFC E-Capital Trust II
6.250%, 12/21/65 (144A) (b)

    330,000        320,100   

International Lease Finance Corp.
6.250%, 05/15/19

    1,150,000        1,267,875   

6.500%, 09/01/14 (144A)

    50,000        51,063   

6.750%, 09/01/16 (144A)

    250,000        278,125   

8.250%, 12/15/20 (a)

    3,150,000        3,809,893   

8.750%, 03/15/17

    1,550,000        1,819,312   

John Deere Capital Corp.
2.250%, 04/17/19

    310,000        310,270   

Lehman Brothers Holdings Capital Trust VII
5.857%, 11/29/49 (c)

    3,870,000        387   

Lehman Brothers Holdings E-Capital Trust I
3.589%, 08/19/65 (c)

    1,190,000        119   

Lehman Brothers Holdings, Inc.
6.750%, 12/28/17 (c)

    3,280,000        328   

SLM Corp.
8.000%, 03/25/20 (a)

    150,000        172,688   

TMX Finance LLC/TitleMax Finance Corp.
8.500%, 09/15/18 (144A)

    360,000        394,200   

Vesey Street Investment Trust I
4.404%, 09/01/16 (d)

    370,000        396,805   
   

 

 

 
      23,233,355   
   

 

 

 

Electric—2.2%

  

AES Corp.
5.500%, 03/15/24

    650,000        645,125   

Calpine Corp.
7.500%, 02/15/21 (144A)

    1,972,000        2,154,410   

7.875%, 07/31/20 (144A)

    1,000        1,100   

7.875%, 01/15/23 (144A) (a)

    1,000,000        1,120,000   

Centrais Eletricas Brasileiras S.A.
5.750%, 10/27/21 (144A) (a)

    1,930,000        1,901,050   

Electric—(Continued)

  

Dominion Resources, Inc.
8.875%, 01/15/19

    70,000      88,616   

Duke Energy Carolinas LLC
5.300%, 02/15/40

    980,000        1,120,988   

Dynegy Roseton LLC/Dynegy Danskammer LLC Pass-Through Trust
7.670%, 08/11/16 (c) (e)

    500,000        0   

Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc.
10.000%, 12/01/20

    1,620,000        1,705,050   

Exelon Corp.
5.625%, 06/15/35

    375,000        402,526   

FirstEnergy Corp.
4.250%, 03/15/23

    1,910,000        1,852,583   

7.375%, 11/15/31

    4,200,000        4,824,355   

Mirant Mid Atlantic Pass-Through Trust
10.060%, 12/30/28

    5,056,588        5,625,454   

Pacific Gas & Electric Co.
6.050%, 03/01/34

    430,000        507,848   

8.250%, 10/15/18 (a)

    210,000        261,430   
   

 

 

 
      22,210,535   
   

 

 

 

Electronics—0.2%

  

Rexel S.A.
5.250%, 06/15/20 (144A) (a)

    2,210,000        2,259,725   

Thermo Fisher Scientific, Inc.
3.600%, 08/15/21

    200,000        203,701   
   

 

 

 
      2,463,426   
   

 

 

 

Engineering & Construction—0.5%

  

Empresas ICA S.A.B. de C.V.
8.375%, 07/24/17 (a)

    440,000        440,000   

8.900%, 02/04/21 (a)

    1,250,000        1,247,813   

OAS Investments GmbH
8.250%, 10/19/19 (144A)

    1,930,000        1,939,650   

Odebrecht Offshore Drilling Finance, Ltd.
6.625%, 10/01/23 (144A) (a)

    900,000        931,500   
   

 

 

 
      4,558,963   
   

 

 

 

Entertainment—0.1%

  

Greektown Holdings LLC/Greektown Mothership Corp.
8.875%, 03/15/19 (144A) (a)

    540,000        557,550   

Regal Entertainment Group
5.750%, 03/15/22 (a)

    840,000        865,200   
   

 

 

 
      1,422,750   
   

 

 

 

Environmental Control—0.0%

  

Waste Management, Inc.
4.600%, 03/01/21

    180,000        195,226   

7.375%, 05/15/29

    190,000        241,572   
   

 

 

 
      436,798   
   

 

 

 

 

MSF-189


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Food—0.9%

  

Hawk Acquisition Sub, Inc.
4.250%, 10/15/20 (144A)

    1,060,000      $ 1,042,775   

Kraft Foods Group, Inc.
3.500%, 06/06/22

    690,000        694,159   

Kroger Co. (The)
6.900%, 04/15/38

    300,000        371,609   

Marfrig Holding Europe B.V.
8.375%, 05/09/18 (a)

    2,200,000        2,195,600   

11.250%, 09/20/21 (144A) (a)

    1,850,000        1,984,125   

Mondelez International, Inc.
5.375%, 02/10/20

    534,000        603,688   

6.500%, 02/09/40

    347,000        436,459   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    220,000        220,636   

2.900%, 10/21/19 (144A)

    790,000        797,120   

3.375%, 10/21/20 (144A)

    250,000        252,394   
   

 

 

 
      8,598,565   
   

 

 

 

Forest Products & Paper—0.7%

  

Appvion, Inc.
9.000%, 06/01/20 (144A)

    2,060,000        2,101,200   

Fibria Overseas Finance, Ltd.
6.750%, 03/03/21

    3,110,000        3,421,000   

Resolute Forest Products, Inc.
5.875%, 05/15/23 (144A) (a)

    1,490,000        1,452,750   

Smurfit Kappa Treasury Funding, Ltd.
7.500%, 11/20/25

    275,000        310,750   
   

 

 

 
      7,285,700   
   

 

 

 

Healthcare-Products—0.1%

  

DJO Finance LLC / DJO Finance Corp.
9.875%, 04/15/18

    770,000        839,300   

Medtronic, Inc.
3.125%, 03/15/22

    60,000        60,126   

4.450%, 03/15/20

    340,000        373,253   
   

 

 

 
      1,272,679   
   

 

 

 

Healthcare-Services—1.3%

  

Fresenius Medical Care U.S. Finance, Inc.
6.500%, 09/15/18 (144A) (a)

    3,709,000        4,154,080   

HCA, Inc.
5.000%, 03/15/24

    1,840,000        1,843,450   

6.375%, 01/15/15 (a)

    1,500,000        1,556,250   

Humana, Inc.
3.150%, 12/01/22 (a)

    190,000        180,757   

7.200%, 06/15/18

    320,000        380,418   

Roche Holdings, Inc.
6.000%, 03/01/19 (144A)

    323,000        379,480   

Tenet Healthcare Corp.
6.000%, 10/01/20 (144A)

    1,130,000        1,209,100   

8.125%, 04/01/22 (a)

    360,000        402,300   

UnitedHealth Group, Inc.
5.700%, 10/15/40

    10,000        11,682   

5.800%, 03/15/36

    10,000        11,638   

6.000%, 02/15/18

    900,000        1,035,770   

Healthcare-Services—(Continued)

  

WellCare Health Plans, Inc.
5.750%, 11/15/20

    1,330,000      1,396,500   

WellPoint, Inc.
3.125%, 05/15/22 (a)

    400,000        382,786   

3.700%, 08/15/21

    130,000        132,741   

5.875%, 06/15/17

    120,000        135,300   

7.000%, 02/15/19

    170,000        202,168   
   

 

 

 
      13,414,420   
   

 

 

 

Holding Companies-Diversified—0.6%

  

DH Services Luxembourg S.a.r.l.
7.750%, 12/15/20 (144A)

    5,670,000        6,052,725   
   

 

 

 

Home Builders—0.7%

  

Taylor Morrison Communities, Inc.
5.250%, 04/15/21 (144A)

    1,180,000        1,191,800   

7.750%, 04/15/20 (144A)

    3,252,000        3,585,330   

William Lyon Homes, Inc.
8.500%, 11/15/20

    2,430,000        2,703,375   
   

 

 

 
      7,480,505   
   

 

 

 

Household Products/Wares—0.4%

  

Century Intermediate Holding Co.
9.750%, 02/15/19 (144A) (f)

    1,280,000        1,348,800   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu
6.875%, 02/15/21 (a)

    480,000        518,400   

9.000%, 04/15/19

    1,710,000        1,829,700   
   

 

 

 
      3,696,900   
   

 

 

 

Insurance—0.2%

  

American International Group, Inc.
6.250%, 03/15/87

    620,000        651,000   

ING U.S., Inc.
2.900%, 02/15/18

    300,000        307,385   

Teachers Insurance & Annuity Association of America
6.850%, 12/16/39 (144A)

    700,000        918,564   
   

 

 

 
      1,876,949   
   

 

 

 

Internet—0.4%

  

Cogent Communications Group, Inc.
8.375%, 02/15/18 (144A)

    3,480,000        3,775,800   
   

 

 

 

Iron/Steel—0.9%

  

ArcelorMittal
5.000%, 02/25/17 (a)

    380,000        403,275   

Cliffs Natural Resources, Inc.
3.950%, 01/15/18 (a)

    1,480,000        1,487,609   

4.800%, 10/01/20 (a)

    420,000        412,390   

Ryerson, Inc. / Joseph T Ryerson & Son, Inc.
9.000%, 10/15/17

    2,120,000        2,286,950   

Steel Dynamics, Inc.
7.625%, 03/15/20

    3,710,000        4,016,075   
   

 

 

 
      8,606,299   
   

 

 

 

 

MSF-190


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Lodging—0.4%

  

Caesars Entertainment Operating Co., Inc.
8.500%, 02/15/20

    320,000      $ 283,200   

11.250%, 06/01/17

    2,000,000        1,925,000   

Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp.
5.625%, 10/15/21 (144A) (a)

    1,800,000        1,881,000   
   

 

 

 
      4,089,200   
   

 

 

 

Media—2.7%

  

21st Century Fox America, Inc.
6.200%, 12/15/34

    10,000        11,655   

6.650%, 11/15/37

    70,000        85,498   

CCO Holdings LLC / CCO Holdings Capital Corp.
6.500%, 04/30/21 (a)

    1,740,000        1,844,400   

7.000%, 01/15/19 (a)

    90,000        95,175   

Comcast Cable Communications Holdings, Inc.
9.455%, 11/15/22

    230,000        325,955   

Comcast Cable Communications LLC
8.875%, 05/01/17

    420,000        512,407   

Comcast Corp.
5.650%, 06/15/35 (a)

    10,000        11,300   

5.875%, 02/15/18

    150,000        171,752   

6.500%, 11/15/35

    490,000        607,650   

6.550%, 07/01/39

    390,000        486,813   

6.950%, 08/15/37 (a)

    250,000        324,740   

CSC Holdings LLC
6.750%, 11/15/21

    2,010,000        2,246,175   

DISH DBS Corp.
5.000%, 03/15/23

    1,285,000        1,294,637   

6.625%, 10/01/14

    90,000        92,250   

6.750%, 06/01/21

    115,000        128,800   

7.875%, 09/01/19

    430,000        508,475   

Gannett Co., Inc.
6.375%, 10/15/23 (144A)

    940,000        997,575   

Nara Cable Funding, Ltd.
8.875%, 12/01/18 (144A)

    4,260,000        4,638,075   

NBCUniversal Enterprise, Inc.
1.974%, 04/15/19 (144A)

    1,950,000        1,907,059   

Time Warner Cable, Inc.
4.125%, 02/15/21 (a)

    10,000        10,469   

5.500%, 09/01/41 (a)

    330,000        344,061   

5.875%, 11/15/40

    10,000        10,836   

6.750%, 06/15/39

    170,000        201,488   

8.250%, 04/01/19

    850,000        1,059,063   

8.750%, 02/14/19

    80,000        101,202   

Time Warner, Inc.
7.700%, 05/01/32

    1,410,000        1,890,876   

UBM plc
5.750%, 11/03/20 (144A)

    50,000        53,579   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
5.500%, 01/15/23 (144A)

    3,000,000        3,060,000   

Univision Communications, Inc.
6.875%, 05/15/19 (144A)

    1,000,000        1,075,000   

7.875%, 11/01/20 (144A)

    2,700,000        2,983,500   

Media—(Continued)

  

Viacom, Inc.
4.250%, 09/01/23 (a)

    600,000      617,245   
   

 

 

 
      27,697,710   
   

 

 

 

Mining—2.2%

  

AngloGold Ashanti Holdings plc
8.500%, 07/30/20 (a)

    1,551,000        1,710,365   

Barminco Finance Pty, Ltd.
9.000%, 06/01/18 (144A) (a)

    630,000        579,600   

Barrick Gold Corp.
3.850%, 04/01/22

    280,000        267,450   

4.100%, 05/01/23

    1,430,000        1,356,548   

6.950%, 04/01/19

    380,000        445,647   

Barrick North America Finance LLC
4.400%, 05/30/21

    510,000        513,889   

BHP Billiton Finance USA, Ltd.
3.250%, 11/21/21

    590,000        596,586   

5.000%, 09/30/43

    750,000        793,636   

Freeport-McMoRan Copper & Gold, Inc.
3.100%, 03/15/20

    930,000        904,723   

3.550%, 03/01/22 (a)

    515,000        491,835   

Midwest Vanadium Pty, Ltd.
11.500%, 02/15/18 (144A) (c) (g)

    1,000,000        550,000   

Mirabela Nickel, Ltd.
3.500%, 06/30/14 (144A) (f) (h)

    617,556        617,556   

8.750%, 04/15/18 (144A) (c)

    270,000        64,800   

Molycorp, Inc.
10.000%, 06/01/20 (a)

    2,180,000        2,158,200   

Rio Tinto Finance USA plc
2.250%, 12/14/18

    240,000        239,980   

Rio Tinto Finance USA, Ltd.
1.875%, 11/02/15

    10,000        10,164   

2.500%, 05/20/16

    70,000        72,268   

3.500%, 11/02/20

    100,000        102,414   

4.125%, 05/20/21 (a)

    130,000        136,977   

6.500%, 07/15/18

    230,000        270,294   

9.000%, 05/01/19

    620,000        806,508   

St Barbara, Ltd.
8.875%, 04/15/18 (144A)

    980,000        803,600   

Thompson Creek Metals Co., Inc.
9.750%, 12/01/17

    2,060,000        2,281,450   

Vedanta Resources plc
6.750%, 06/07/16 (144A) (a)

    2,960,000        3,111,700   

8.250%, 06/07/21 (a)

    1,120,000        1,187,200   

Xstrata Finance Canada, Ltd.
2.050%, 10/23/15 (144A)

    1,440,000        1,456,551   

2.700%, 10/25/17 (144A)

    720,000        728,712   
   

 

 

 
      22,258,653   
   

 

 

 

Miscellaneous Manufacturing—0.4%

  

Eaton Corp.
2.750%, 11/02/22

    3,510,000        3,322,682   

General Electric Co.
4.500%, 03/11/44

    380,000        385,895   
   

 

 

 
      3,708,577   
   

 

 

 

 

MSF-191


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—6.7%

  

Anadarko Finance Co.
7.500%, 05/01/31

    80,000      $ 101,861   

Anadarko Petroleum Corp.
6.375%, 09/15/17

    1,530,000        1,751,567   

Apache Corp.
3.250%, 04/15/22

    774,000        780,684   

BP Capital Markets plc
3.245%, 05/06/22

    800,000        793,267   

3.561%, 11/01/21

    100,000        102,788   

Calumet Specialty Products Partners L.P. / Calumet Finance Corp.
7.625%, 01/15/22

    1,860,000        1,971,600   

Chesapeake Energy Corp.
5.750%, 03/15/23 (a)

    3,300,000        3,493,875   

6.875%, 11/15/20

    760,000        862,600   

Concho Resources, Inc.
5.500%, 10/01/22

    220,000        229,350   

6.500%, 01/15/22

    1,400,000        1,526,000   

ConocoPhillips Holding Co.
6.950%, 04/15/29

    495,000        659,821   

Continental Resources, Inc.
4.500%, 04/15/23

    580,000        600,690   

7.125%, 04/01/21

    1,090,000        1,233,062   

Devon Energy Corp.
3.250%, 05/15/22 (a)

    280,000        275,777   

Devon Financing Corp. LLC
7.875%, 09/30/31

    140,000        190,443   

Ecopetrol S.A.
5.875%, 09/18/23 (a)

    441,000        481,793   

Halcon Resources Corp.
8.875%, 05/15/21 (a)

    4,240,000        4,399,000   

Hercules Offshore, Inc.
7.500%, 10/01/21 (144A)

    160,000        161,600   

8.750%, 07/15/21 (144A)

    610,000        661,850   

Hess Corp.
7.875%, 10/01/29

    150,000        197,000   

8.125%, 02/15/19

    90,000        112,676   

Kerr-McGee Corp.
6.950%, 07/01/24

    360,000        436,532   

7.875%, 09/15/31

    405,000        525,722   

Kodiak Oil & Gas Corp.
8.125%, 12/01/19

    3,250,000        3,603,437   

Magnum Hunter Resources Corp.
9.750%, 05/15/20

    1,740,000        1,927,050   

MEG Energy Corp.
6.375%, 01/30/23 (144A)

    3,600,000        3,726,000   

6.500%, 03/15/21 (144A)

    290,000        305,225   

Murphy Oil USA, Inc.
6.000%, 08/15/23 (144A)

    660,000        681,450   

Occidental Petroleum Corp.
2.700%, 02/15/23 (a)

    520,000        491,392   

3.125%, 02/15/22

    310,000        307,867   

Pacific Drilling V, Ltd.
7.250%, 12/01/17 (144A)

    1,760,000        1,900,800   

Pacific Rubiales Energy Corp.
5.375%, 01/26/19 (144A)

    1,660,000        1,722,250   

Oil & Gas—(Continued)

  

Parker Drilling Co.
6.750%, 07/15/22 (144A)

    830,000      854,900   

Parsley Energy LLC / Parsley Finance Corp.
7.500%, 02/15/22 (144A)

    700,000        738,500   

Petrobras International Finance Co.
5.375%, 01/27/21

    6,020,000        6,088,152   

5.750%, 01/20/20

    513,000        535,482   

Plains Exploration & Production Co.
6.500%, 11/15/20

    250,000        275,313   

8.625%, 10/15/19

    205,000        222,681   

Puma International Financing S.A.
6.750%, 02/01/21 (144A)

    2,050,000        2,075,625   

QEP Resources, Inc.
5.250%, 05/01/23

    2,650,000        2,636,750   

6.875%, 03/01/21

    2,130,000        2,343,000   

Quicksilver Resources, Inc.
11.000%, 07/01/21 (144A) (a)

    1,140,000        1,222,650   

Range Resources Corp.
5.000%, 08/15/22

    870,000        887,400   

5.750%, 06/01/21 (a)

    570,000        610,613   

8.000%, 05/15/19

    2,200,000        2,301,750   

Reliance Holdings USA, Inc.
5.400%, 02/14/22 (a)

    1,860,000        1,947,850   

Samson Investment Co.
10.750%, 02/15/20 (144A)

    3,750,000        4,087,500   

Sanchez Energy Corp.
7.750%, 06/15/21 (144A)

    1,650,000        1,761,375   

SandRidge Energy, Inc.
7.500%, 02/15/23 (a)

    200,000        212,000   

Sibur Securities, Ltd.
3.914%, 01/31/18 (144A)

    350,000        321,125   

Sinopec Group Overseas Development 2012, Ltd.
2.750%, 05/17/17 (144A)

    690,000        707,688   

Transocean, Inc.
5.050%, 12/15/16 (a)

    290,000        315,428   

6.375%, 12/15/21 (a)

    430,000        483,300   

Ultra Petroleum Corp.
5.750%, 12/15/18 (144A)

    780,000        819,000   
   

 

 

 
      67,663,111   
   

 

 

 

Oil & Gas Services—1.0%

  

Baker Hughes, Inc.
3.200%, 08/15/21 (a)

    480,000        487,517   

CGG S.A.
6.500%, 06/01/21 (a)

    2,840,000        2,882,600   

7.750%, 05/15/17

    555,000        563,325   

Exterran Holdings, Inc.
7.250%, 12/01/18

    2,020,000        2,133,625   

Hiland Partners L.P. / Hiland Partner Finance Corp.
7.250%, 10/01/20 (144A)

    520,000        565,500   

Key Energy Services, Inc.
6.750%, 03/01/21

    2,150,000        2,260,188   

 

MSF-192


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas Services—(Continued)

  

SESI LLC
7.125%, 12/15/21

    1,050,000      $ 1,170,750   
   

 

 

 
      10,063,505   
   

 

 

 

Packaging & Containers—1.0%

  

Ardagh Packaging Finance plc
9.125%, 10/15/20 (144A)

    4,660,000        5,195,900   

Ardagh Packaging Finance plc / Ardagh MP Holdings USA, Inc.
9.125%, 10/15/20 (144A)

    540,000        599,400   

Ball Corp.
4.000%, 11/15/23

    770,000        719,950   

5.000%, 03/15/22 (a)

    30,000        30,750   

5.750%, 05/15/21

    930,000        992,775   

Graphic Packaging International, Inc.
4.750%, 04/15/21

    360,000        360,450   

Pactiv LLC
8.375%, 04/15/27 (a)

    1,050,000        1,076,250   

Rock Tenn Co.
3.500%, 03/01/20

    230,000        233,294   

4.000%, 03/01/23

    360,000        361,985   
   

 

 

 
      9,570,754   
   

 

 

 

Pharmaceuticals—0.8%

  

AbbVie, Inc.
1.750%, 11/06/17

    970,000        973,065   

2.900%, 11/06/22

    590,000        567,982   

Express Scripts Holding Co.
3.500%, 11/15/16

    1,410,000        1,492,904   

Forest Laboratories, Inc.
4.875%, 02/15/21 (144A) (a)

    570,000        602,775   

GlaxoSmithKline Capital plc
2.850%, 05/08/22

    590,000        576,005   

JLL/Delta Dutch Newco B.V.
7.500%, 02/01/22 (144A)

    830,000        854,900   

Lantheus Medical Imaging, Inc.
9.750%, 05/15/17 (a)

    1,510,000        1,502,450   

Pfizer, Inc.
6.200%, 03/15/19

    400,000        473,584   

Teva Pharmaceutical Finance Co. B.V.
3.650%, 11/10/21 (a)

    50,000        50,083   

Valeant Pharmaceuticals International, Inc.
5.625%, 12/01/21 (144A) (a)

    530,000        556,500   

Wyeth LLC
5.950%, 04/01/37

    290,000        350,987   

Zoetis, Inc.
3.250%, 02/01/23 (a)

    240,000        231,493   
   

 

 

 
      8,232,728   
   

 

 

 

Pipelines—2.1%

  

Access Midstream Partners L.P. / ACMP Finance Corp.
4.875%, 05/15/23

    3,400,000        3,425,500   

Pipelines—(Continued)

  

Atlas Pipeline Partners L.P. / Atlas Pipeline Finance Corp.
5.875%, 08/01/23

    3,290,000      3,248,875   

El Paso LLC
7.800%, 08/01/31

    67,000        71,236   

El Paso Natural Gas Co. LLC
8.375%, 06/15/32

    190,000        253,461   

Enterprise Products Operating LLC
5.700%, 02/15/42

    200,000        222,011   

Kinder Morgan, Inc.
5.625%, 11/15/23 (144A)

    3,180,000        3,145,055   

MarkWest Energy Partners L.P. / MarkWest Energy Finance Corp.
5.500%, 02/15/23

    1,350,000        1,387,125   

6.250%, 06/15/22 (a)

    970,000        1,047,600   

6.500%, 08/15/21 (a)

    910,000        982,800   

Regency Energy Partners L.P.
6.500%, 07/15/21 (a)

    360,000        386,100   

Regency Energy Partners L.P. / Regency Energy Finance Corp.
5.875%, 03/01/22

    1,200,000        1,245,000   

Rockies Express Pipeline LLC
6.000%, 01/15/19 (144A)

    3,260,000        3,284,450   

Southern Natural Gas Co. LLC
5.900%, 04/01/17 (144A)

    10,000        11,224   

8.000%, 03/01/32

    25,000        33,071   

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.
4.250%, 11/15/23 (144A) (a)

    1,580,000        1,465,450   

Williams Cos., Inc. (The)
7.500%, 01/15/31

    45,000        49,521   

7.750%, 06/15/31

    14,000        15,707   

7.875%, 09/01/21

    436,000        518,026   

8.750%, 03/15/32 (a)

    255,000        307,409   
   

 

 

 
      21,099,621   
   

 

 

 

Real Estate—0.2%

   

Country Garden Holdings Co., Ltd.
11.125%, 02/23/18

    324,000        350,325   

Howard Hughes Corp.
6.875%, 10/01/21 (144A)

    1,350,000        1,458,000   
   

 

 

 
      1,808,325   
   

 

 

 

Retail—0.9%

   

Arcos Dorados Holdings, Inc.
6.625%, 09/27/23 (144A) (a)

    1,030,000        1,055,750   

CST Brands, Inc.
5.000%, 05/01/23 (a)

    340,000        334,050   

CVS Caremark Corp.
2.750%, 12/01/22

    530,000        499,960   

CVS Pass-Through Trust
6.943%, 01/10/30

    740,986        875,985   

Dufry Finance SCA
5.500%, 10/15/20 (144A)

    2,130,000        2,218,949   

 

MSF-193


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Retail—(Continued)

   

First Cash Financial Services, Inc.
6.750%, 04/01/21 (144A)

    370,000      $ 379,250   

Guitar Center, Inc.
6.500%, 04/15/19 (144A)

    410,000        407,437   

9.625%, 04/15/20 (144A)

    1,760,000        1,746,800   

Limited Brands, Inc.
6.950%, 03/01/33 (a)

    60,000        61,950   

Neiman Marcus Group Ltd. LLC
8.750%, 10/15/21 (144A) (a) (f)

    1,250,000        1,381,250   
   

 

 

 
      8,961,381   
   

 

 

 

Software—0.3%

   

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    680,000        727,600   

6.125%, 09/15/23 (144A) (a)

    580,000        631,475   

First Data Corp.
6.750%, 11/01/20 (144A)

    1,070,000        1,150,250   
   

 

 

 
      2,509,325   
   

 

 

 

Telecommunications—4.1%

   

AT&T, Inc.
4.350%, 06/15/45

    1,480,000        1,306,211   

4.450%, 05/15/21

    300,000        324,197   

5.500%, 02/01/18

    170,000        191,805   

CenturyLink, Inc.
6.750%, 12/01/23

    760,000        806,550   

Hughes Satellite Systems Corp.
7.625%, 06/15/21

    1,500,000        1,691,250   

Inmarsat Finance plc
7.375%, 12/01/17 (144A)

    760,000        790,400   

Intelsat Jackson Holdings S.A.
7.500%, 04/01/21

    1,000,000        1,097,500   

Level 3 Financing, Inc.
6.125%, 01/15/21 (144A) (a)

    1,380,000        1,455,900   

Rogers Communications, Inc.
6.800%, 08/15/18

    280,000        332,546   

SoftBank Corp.
4.500%, 04/15/20 (144A) (a)

    1,360,000        1,353,200   

Sprint Capital Corp.
6.875%, 11/15/28

    5,290,000        5,131,300   

8.750%, 03/15/32

    2,520,000        2,772,000   

Sprint Corp.
7.875%, 09/15/23 (144A)

    3,160,000        3,476,000   

T-Mobile USA, Inc.
6.125%, 01/15/22

    880,000        921,800   

Telecom Italia Capital S.A.
7.175%, 06/18/19

    40,000        45,850   

Telefonica Emisiones S.A.U.
5.134%, 04/27/20

    140,000        151,358   

5.462%, 02/16/21

    140,000        153,906   

5.877%, 07/15/19 (a)

    140,000        157,487   

6.221%, 07/03/17

    40,000        45,247   

tw telecom holdings, Inc.
6.375%, 09/01/23

    1,240,000        1,326,800   

Telecommunications—(Continued)

   

Verizon Communications, Inc.
2.450%, 11/01/22 (a)

    390,000      355,403   

3.450%, 03/15/21

    430,000        435,887   

4.150%, 03/15/24 (a)

    640,000        650,207   

4.500%, 09/15/20

    80,000        86,883   

5.050%, 03/15/34

    260,000        266,727   

5.150%, 09/15/23

    4,700,000        5,143,299   

6.350%, 04/01/19

    980,000        1,156,041   

6.400%, 09/15/33

    3,970,000        4,713,371   

6.550%, 09/15/43

    250,000        304,234   

Wind Acquisition Holdings Finance S.A.
12.250%, 07/15/17 (144A) (a) (f)

    2,895,702        3,010,344   

Windstream Corp.
7.500%, 04/01/23 (a)

    2,000,000        2,100,000   
   

 

 

 
      41,753,703   
   

 

 

 

Transportation—0.8%

   

CMA CGM S.A.
8.500%, 04/15/17 (144A) (a)

    1,500,000        1,500,000   

Florida East Coast Railway Corp.
8.125%, 02/01/17

    2,000,000        2,090,000   

Gulfmark Offshore, Inc.
6.375%, 03/15/22 (a)

    2,080,000        2,152,800   

Navios Maritime Acquisition Corp.
8.125%, 11/15/21 (144A)

    980,000        1,021,650   

Watco Cos. LLC / Watco Finance Corp.
6.375%, 04/01/23 (144A)

    1,280,000        1,299,200   
   

 

 

 
      8,063,650   
   

 

 

 

Trucking & Leasing—0.1%

   

Jurassic Holdings III, Inc.
6.875%, 02/15/21 (144A)

    550,000        566,500   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $472,039,095)

      475,788,868   
   

 

 

 
Mortgage-Backed Securities—20.1%   

Collateralized Mortgage Obligations—18.6%

  

American Home Mortgage Investment Trust 0.374%, 06/25/45 (b)

    943,366        852,822   

0.734%, 11/25/45 (b)

    826,274        732,131   

Banc of America Funding Trust
0.327%, 05/20/36 (b)

    593,290        570,731   

Banc of America Mortgage Securities, Inc. 2.768%, 09/25/35 (b)

    240,980        218,381   

5.169%, 12/25/34 (b)

    16,478        16,369   

Bear Stearns Adjustable Rate Mortgage Trust 2.654%, 10/25/35 (b)

    2,385,166        2,350,810   

Bear Stearns Asset Backed Securities Trust 0.384%, 04/25/36 (b)

    1,190,395        989,841   

Citigroup Mortgage Loan Trust, Inc.
2.784%, 12/25/35 (b)

    2,921,620        2,214,994   

CitiMortgage Alternative Loan Trust
34.729%, 07/25/37 (b)

    2,795,581        4,828,323   

 

MSF-194


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description

  Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Countrywide Alternative Loan Trust
0.387%, 07/20/35 (b)

    168,621      $ 144,431   

0.424%, 01/25/36 (b)

    391,975        340,955   

0.454%, 12/25/35 (b)

    6,016,642        4,966,816   

5.500%, 10/25/33

    16,783        17,993   

5.500%, 02/25/35

    4,910,611        4,928,436   

5.750%, 01/25/37

    4,950,954        4,189,017   

6.000%, 01/25/37

    5,733,519        5,011,348   

6.000%, 08/25/37

    11,894,414        9,492,733   

16.601%, 06/25/35 (b)

    3,854,863        4,921,994   

22.337%, 02/25/36 (b)

    3,492,330        4,758,862   

27.983%, 07/25/36 (b)

    2,950,839        4,507,521   

38.075%, 08/25/37 (b)

    5,758,149        10,279,219   

Countrywide Home Loan Mortgage Pass-Through Trust
0.514%, 03/25/35 (144A) (b)

    1,054,890        932,812   

2.380%, 11/25/34 (b)

    171,594        140,583   

Countrywide Home Loan Reperforming Loan REMIC Trust
0.574%, 11/25/34 (144A) (b)

    139,842        122,810   

Credit Suisse Mortgage Trust
29.677%, 02/25/36 (b)

    3,622,825        5,333,585   

Deutsche ALT-A Securities, Inc. Mortgage Loan Trust
1.762%, 08/25/35 (b)

    77,026        60,848   

DSLA Mortgage Loan Trust
0.366%, 03/19/45 (b)

    274,581        250,477   

1.054%, 03/19/46 (b)

    160,043        123,155   

Fannie Mae Connecticut Avenue Securities 5.404%, 10/25/23 (b)

    2,780,000        3,094,335   

GreenPoint MTA Trust
0.374%, 06/25/45 (b)

    2,356,435        2,081,418   

GSMPS Mortgage Loan Trust
0.504%, 09/25/35 (144A) (b)

    4,773,637        4,075,650   

0.554%, 04/25/36 (144A) (b)

    1,264,819        1,071,663   

GSR Mortgage Loan Trust
2.721%, 10/25/35 (b)

    604,246        532,540   

HarborView Mortgage Loan Trust
0.406%, 01/19/36 (b)

    1,396,338        953,615   

0.506%, 01/19/35 (b)

    319,821        236,212   

0.556%, 11/19/34 (b)

    1,239,057        1,024,769   

0.956%, 11/19/34 (b)

    57,104        43,261   

1.154%, 10/25/37 (b)

    2,554,762        2,346,237   

Impac Secured Assets CMN Owner Trust
0.474%, 03/25/36 (b)

    1,387,475        962,997   

Impac Secured Assets Trust
0.504%, 08/25/36 (b)

    192,372        188,246   

IndyMac INDA Mortgage Loan Trust
2.815%, 11/25/37 (b)

    1,592,931        1,509,395   

IndyMac INDX Mortgage Loan Trust
0.874%, 01/25/35 (b)

    728,972        569,641   

2.467%, 03/25/35 (b)

    926,942        913,648   

4.459%, 08/25/37 (b)

    2,614,556        2,201,644   

JPMorgan Mortgage Trust
6.500%, 01/25/36

    171,611        152,567   

Collateralized Mortgage Obligations—(Continued)

  

Lehman Mortgage Trust
6.476%, 02/25/37 (b) (i)

    11,218,139      2,908,134   

Lehman XS Trust
0.314%, 03/25/47 (b)

    4,442,526        3,263,013   

0.354%, 08/25/46 (b)

    4,167,622        3,518,285   

0.364%, 09/25/46 (b)

    405,344        287,153   

Luminent Mortgage Trust
0.344%, 05/25/46 (b)

    1,733,377        1,302,380   

MASTR Adjustable Rate Mortgages Trust
2.524%, 11/25/35 (144A) (b)

    98,218        71,989   

MASTR Seasoned Securities Trust
3.313%, 10/25/32 (b)

    300,697        305,191   

Merrill Lynch Mortgage Investors Trust
4.967%, 05/25/34 (b)

    196,810        195,601   

Morgan Stanley Mortgage Loan Trust
0.474%, 01/25/35 (b)

    1,979,198        1,816,603   

2.801%, 03/25/36 (b)

    231,172        180,740   

Nomura Resecuritization Trust
2.470%, 08/26/34 (144A) (b)

    3,321,513        2,357,876   

NovaStar Mortgage-Backed Notes
0.344%, 09/25/46 (b)

    1,476,874        1,226,627   

Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates
0.724%, 02/25/35 (b)

    5,000,000        4,605,775   

Prime Mortgage Trust
5.500%, 05/25/35 (144A)

    2,457,978        2,548,840   

6.000%, 05/25/35 (144A)

    3,638,447        3,625,073   

RBSGC Mortgage Loan Trust
0.604%, 01/25/37 (b)

    1,553,490        1,074,331   

Residential Accredit Loans, Inc. Trust
0.334%, 12/25/36 (b)

    3,294,422        2,409,751   

0.344%, 05/25/47 (b)

    2,356,207        1,861,396   

0.354%, 05/25/47 (b)

    4,601,233        3,639,635   

0.364%, 04/25/46 (b)

    2,238,136        1,096,635   

0.414%, 04/25/46 (b)

    1,161,288        576,453   

0.484%, 04/25/46 (b)

    1,625,404        821,414   

1.417%, 11/25/37 (b)

    7,681,052        4,677,185   

22.493%, 05/25/35 (b)

    2,017,501        2,744,246   

45.472%, 11/25/36 (b)

    1,936,637        3,795,675   

Residential Asset Securitization Trust
6.396%, 12/25/36 (b) (i)

    17,633,311        4,377,470   

Sequoia Mortgage Trust
1.039%, 06/20/33 (b)

    253,417        246,389   

Structured Adjustable Rate Mortgage Loan Trust
0.474%, 10/25/35 (b)

    139,384        121,361   

0.799%, 04/25/35 (b)

    5,930,000        5,012,819   

1.655%, 09/25/37 (b)

    6,468,366        5,015,092   

2.369%, 01/25/35 (b)

    1,131,422        1,112,903   

2.620%, 09/25/35 (b)

    1,313,360        1,088,720   

Structured Agency Credit Risk Debt Notes
4.654%, 02/25/24 (b)

    2,210,000        2,349,442   

Structured Asset Mortgage Investments II Trust
0.364%, 05/25/46 (b)

    326,475        246,860   

0.434%, 02/25/36 (b)

    6,269,624        4,891,065   

2.502%, 08/25/35 (b)

    161,933        162,481   

 

MSF-195


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Structured Asset Securities Corp. Trust
0.504%, 03/25/35 (b)

    4,864,335      $ 3,887,649   

WaMu Mortgage Pass-Through Certificates Trust
0.424%, 12/25/45 (b)

    1,189,082        1,110,213   

0.434%, 11/25/45 (b)

    1,959,462        1,745,272   

0.444%, 07/25/45 (b)

    34,425        31,933   

0.444%, 10/25/45 (b)

    1,100,255        1,011,353   

0.939%, 07/25/47 (b)

    335,188        136,711   

2.197%, 09/25/36 (b)

    1,720,986        1,503,813   

2.355%, 09/25/36 (b)

    855,199        758,267   

2.433%, 10/25/34 (b)

    1,545,393        1,555,132   

6.526%, 04/25/37 (b) (i)

    18,550,259        4,627,677   

Wells Fargo Mortgage Backed Securities Trust
2.624%, 04/25/36 (b)

    223,673        216,430   

2.629%, 10/25/35 (b)

    161,217        162,586   

2.634%, 06/25/35 (b)

    135,142        136,442   
   

 

 

 
      187,673,916   
   

 

 

 

Commercial Mortgage-Backed Securities—1.5%

  

Americold 2010 LLC Trust
4.954%, 01/14/29 (144A)

    500,000        540,321   

Banc of America Commercial Mortgage Trust
5.421%, 09/10/45 (b)

    359,000        384,168   

5.448%, 09/10/47

    150,000        160,670   

CD Mortgage Trust
5.349%, 01/15/46 (b)

    100,000        106,995   

6.116%, 11/15/44 (b)

    420,000        469,583   

COBALT CMBS Commercial Mortgage Trust
5.526%, 04/15/47 (b)

    295,000        324,305   

Commercial Mortgage Pass-Through Certificates
4.046%, 10/10/46

    320,000        330,544   

4.300%, 10/10/46

    340,000        349,841   

4.715%, 10/10/46 (b)

    710,000        757,046   

4.762%, 10/10/46 (b)

    150,000        155,199   

5.086%, 10/10/46 (b)

    70,000        72,388   

Credit Suisse Commerical Mortgage Trust
5.549%, 01/15/49 (b)

    140,000        150,984   

DBUBS Mortgage Trust
1.428%, 08/10/44 (144A) (b) (i)

    3,602,280        111,141   

Extended Stay America Trust
2.958%, 12/05/31 (144A)

    300,000        297,646   

Greenwich Capital Commercial Funding Corp.
5.820%, 07/10/38 (b)

    560,000        609,558   

GS Mortgage Securities Corp. II
4.271%, 11/10/46

    980,000        1,034,006   

4.649%, 11/10/46

    680,000        723,399   

5.161%, 11/10/46 (b)

    550,000        586,207   

GS Mortgage Securities Trust
1.717%, 08/10/44 (144A) (b) (i)

    1,372,047        93,412   

JPMBB Commercial Mortgage Securities Trust
4.420%, 11/15/45

    750,000        785,670   

5.082%, 11/15/45 (b)

    310,000        325,174   

JPMorgan Chase Commercial Mortgage Securities Trust

   

1.555%, 10/15/30 (144A) (b)

    1,170,000        1,170,749   

Commercial Mortgage-Backed Securities—(Continued)

  

JPMorgan Chase Commercial Mortgage Securities Trust

   

2.705%, 10/15/30 (144A) (b)

    900,000      901,605   

5.593%, 05/12/45

    130,000        142,306   

5.904%, 02/12/51 (b)

    30,000        33,885   

LB-UBS Commercial Mortgage Trust
6.150%, 09/15/45 (b)

    280,000        319,213   

ML-CFC Commercial Mortgage Trust
5.485%, 03/12/51 (b)

    1,650,000        1,816,828   

5.894%, 08/12/49 (b)

    235,000        262,479   

Morgan Stanley Bank of America Merrill Lynch Trust
1.883%, 08/15/45 (144A) (b) (i)

    3,083,681        281,633   

2.918%, 02/15/46

    260,000        248,993   

3.456%, 05/15/46

    510,000        494,117   

UBS-Barclays Commercial Mortgage Trust
3.317%, 12/10/45 (144A)

    370,000        356,886   

Wachovia Bank Commercial Mortgage Trust
5.383%, 12/15/43

    360,000        389,676   

5.500%, 04/15/47

    70,000        77,481   

WF-RBS Commercial Mortgage Trust
1.113%, 02/15/44 (144A) (b) (i)

    4,427,606        162,781   
   

 

 

 
      15,026,889   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $196,547,636)

      202,700,805   
   

 

 

 
Foreign Government—15.2%   

Regional Government—0.2%

  

Japan Finance Organization for Municipalities
4.000%, 01/13/21

    1,900,000        2,051,483   
   

 

 

 

Sovereign—15.0%

  

Argentina Boden Bond
7.000%, 10/03/15

    6,920,000        6,501,917   

Brazil Notas do Tesouro Nacional
10.000%, 01/01/17 (BRL)

    68,269,000        28,463,890   

Hungary Government International Bonds
5.750%, 11/22/23

    2,424,000        2,502,780   

Indonesia Government International Bonds
3.750%, 04/25/22

    430,000        405,813   

3.750%, 04/25/22 (144A)

    280,000        264,250   

4.875%, 05/05/21 (a)

    400,000        410,000   

5.875%, 03/13/20

    300,000        327,750   

5.875%, 01/15/24 (144A) (a)

    887,000        952,416   

Ireland Government Bonds
3.900%, 03/20/23 (EUR)

    6,800,000        10,212,544   

4.400%, 06/18/19 (EUR)

    6,450,000        10,096,020   

Japan Bank for International Cooperation
2.875%, 02/02/15

    1,580,000        1,612,745   

Mexican Bonos
6.500%, 06/09/22 (MXN)

    540,143,700        42,636,454   

8.000%, 06/11/20 (MXN)

    90,954,000        7,849,298   

 

MSF-196


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  

Sovereign—(Continued)

  

Poland Government Bonds
2.500%, 07/25/18 (PLN)

    48,680,000      $ 15,438,891   

4.000%, 10/25/23 (PLN)

    24,468,000        7,946,153   

Russian Foreign Bond - Eurobond
7.500%, 03/31/30 (d)

    1,998,145        2,272,890   

South Africa Government International Bond
5.875%, 09/16/25 (a)

    2,310,000        2,483,250   

Turkey Government International Bond
6.250%, 09/26/22

    4,810,000        5,168,345   

Venezuela Government International Bond
7.750%, 10/13/19

    7,090,000        5,388,400   
   

 

 

 
      150,933,806   
   

 

 

 

Total Foreign Government
(Cost $158,640,545)

      152,985,289   
   

 

 

 
U.S. Treasury & Government Agencies—10.4%   

Agency Sponsored Mortgage-Backed—7.9%

  

Fannie Mae 15 Yr. Pool
3.500%, TBA (j)

    2,500,000        2,621,094   

5.500%, 12/01/16

    8,669        9,229   

6.500%, 03/01/16

    456        459   

6.500%, 09/01/16

    7,163        7,416   

6.500%, 12/01/16

    8,356        8,709   

6.500%, 01/01/17

    6,252        6,589   

Fannie Mae 20 Yr. Pool
4.500%, 04/01/31

    304,392        329,119   

4.500%, 05/01/31

    883,855        955,842   

4.500%, 06/01/31

    309,584        334,764   

8.500%, 08/01/19

    17,894        19,475   

Fannie Mae 30 Yr. Pool
2.500%, 10/01/42

    1,117,849        1,034,468   

3.500%, TBA (j)

    1,500,000        1,503,750   

4.000%, TBA (j)

    14,400,000        14,915,250   

4.500%, 10/01/41

    1,402,251        1,496,058   

4.500%, TBA (j)

    4,600,000        4,890,375   

5.000%, 01/01/39

    26,978        29,578   

5.000%, 08/01/39

    71,747        78,813   

5.000%, 11/01/39

    17,052        18,710   

5.000%, 12/01/39

    47,588        52,276   

5.000%, 05/01/40

    100,393        110,216   

5.000%, 07/01/40

    80,450        88,404   

5.000%, 11/01/40

    2,372,991        2,606,097   

5.000%, 01/01/41

    77,421        84,988   

5.000%, 02/01/41

    109,533        119,329   

5.000%, 04/01/41

    255,749        280,945   

5.000%, 05/01/41

    5,209,485        5,723,342   

5.000%, 06/01/41

    483,721        531,434   

6.000%, 04/01/32

    85,328        95,139   

6.500%, 08/01/31

    1,432        1,606   

6.500%, 10/01/31

    2,170        2,440   

6.500%, 03/01/32

    27,124        30,456   

6.500%, 06/01/37

    58,640        65,781   

7.000%, 05/01/26

    1,919        2,127   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
7.000%, 07/01/30

    305      317   

7.000%, 01/01/31

    492        552   

7.000%, 09/01/31

    7,390        8,308   

7.000%, 10/01/31

    4,469        5,053   

7.000%, 11/01/31

    48,925        55,219   

7.000%, 01/01/32

    13,723        14,906   

7.000%, 02/01/32

    5,026        5,277   

7.500%, 12/01/29

    540        557   

7.500%, 02/01/30

    379        387   

7.500%, 06/01/30

    822        828   

7.500%, 08/01/30

    98        102   

7.500%, 09/01/30

    1,364        1,556   

7.500%, 11/01/30

    11,452        12,356   

7.500%, 02/01/31

    6,315        6,704   

8.000%, 08/01/27

    1,585        1,796   

8.000%, 07/01/30

    1,272        1,548   

8.000%, 09/01/30

    842        945   

8.000%, 01/01/31

    43,096        48,425   

Fannie Mae Pool
3.500%, 08/01/42

    1,420,309        1,415,667   

3.500%, 12/01/42

    752,151        752,497   

3.500%, 05/01/43

    193,453        193,542   

4.000%, 10/01/42

    377,721        389,875   

5.000%, 05/01/40

    92,778        101,887   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/42 (k)

    304,358        259,279   

0.504%, 05/25/34 (b)

    277,488        277,476   

6.376%, 12/25/40 (b) (i)

    1,955,939        242,223   

6.376%, 01/25/41 (b) (i)

    1,286,238        202,271   

6.396%, 10/25/41 (b) (i)

    3,883,735        616,967   

9.750%, 11/25/18

    499,303        561,934   

9.750%, 08/25/19

    170,235        191,547   

Freddie Mac 15 Yr. Gold Pool
7.000%, 02/01/15

    1,558        1,562   

7.000%, 05/01/16

    8,978        9,231   

Freddie Mac 30 Yr. Gold Pool
3.500%, TBA (j)

    900,000        901,266   

5.000%, 12/01/34

    23,771        25,920   

5.000%, 11/01/41

    1,719,990        1,873,735   

6.000%, 12/01/36

    2,635        2,924   

6.000%, 02/01/37

    82,234        91,207   

6.500%, 09/01/31

    29,273        32,843   

7.000%, 03/01/39

    370,526        405,374   

Freddie Mac 30 Yr. Pool
7.000%, 07/01/31

    2,179        2,453   

Freddie Mac ARM Non-Gold Pool
1.945%, 02/01/37 (b)

    27,615        29,126   

1.945%, 04/01/37 (b)

    61,388        65,397   

1.949%, 03/01/37 (b)

    120,900        128,595   

2.081%, 05/01/37 (b)

    64,642        68,399   

2.285%, 01/01/38 (b)

    40,531        43,353   

2.495%, 05/01/37 (b)

    84,156        88,540   

2.538%, 02/01/36 (b)

    69,751        74,507   

Freddie Mac Gold Pool
3.500%, 04/01/43

    292,261        291,806   

4.000%, 10/01/42

    2,243,125        2,314,316   

 

MSF-197


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac Multifamily Structured Pass-Through Certificates
1.043%, 01/25/20 (b) (i)

    209,633      $ 10,188   

1.196%, 04/25/20 (b) (i)

    492,517        26,273   

1.444%, 12/25/21 (b) (i)

    2,289,298        195,540   

1.487%, 08/25/20 (b) (i)

    284,598        20,046   

1.511%, 06/25/22 (b) (i)

    5,312,720        510,180   

1.573%, 10/25/21 (b) (i)

    6,361,906        599,062   

1.663%, 06/25/20 (b) (i)

    268,379        20,821   

1.664%, 07/25/21 (b) (i)

    4,793,985        461,584   

Freddie Mac REMICS (CMO)
0.505%, 04/15/33 (b)

    52,196        52,247   

11.565%, 06/15/21 (i)

    11        207   

Ginnie Mae I 30 Yr. Pool
3.500%, TBA (j)

    1,100,000        1,122,172   

5.000%, 01/15/40

    338,623        376,509   

6.000%, 07/15/38

    33,359        37,330   

6.500%, 09/15/28

    2,387        2,692   

6.500%, 10/15/28

    1,596        1,799   

6.500%, 01/15/29

    12,446        14,029   

6.500%, 02/15/29

    39,391        44,419   

6.500%, 06/15/29

    7,878        8,882   

6.500%, 10/15/30

    2,211        2,491   

7.000%, 06/15/28

    23,920        26,665   

7.000%, 07/15/29

    1,413        1,581   

Ginnie Mae II 30 Yr. Pool
3.500%, TBA (j)

    3,400,000        3,469,594   

4.500%, 01/20/40

    50,101        54,092   

4.500%, 05/20/40

    51,872        55,996   

4.500%, 03/20/41

    51,018        55,153   

4.500%, TBA (j)

    3,100,000        3,341,703   

5.000%, 07/20/40

    1,626,755        1,785,828   

5.000%, 08/20/40

    820,189        898,678   

5.000%, 09/20/40

    89,194        97,721   

5.000%, 11/20/40

    43,783        48,058   

6.000%, 12/20/36

    22,018        24,943   

6.000%, 09/20/39

    564,526        634,413   

6.000%, 09/20/40

    31,195        34,945   

6.000%, 11/20/40

    502,365        564,874   

6.000%, 09/20/41

    101,345        115,269   

Ginnie Mae II ARM Pool
1.570%, 01/20/60 (b)

    967,851        991,711   

1.931%, 05/20/60 (b)

    899,582        930,336   

Government National Mortgage Association (CMO)
0.489%, 10/20/60 (b)

    4,267,593        4,217,671   

0.609%, 02/20/61 (b)

    306,477        304,483   

0.659%, 01/20/61 (b)

    650,195        647,477   

0.659%, 03/20/61 (b)

    258,190        257,078   

1.155%, 05/20/60 (b)

    1,837,274        1,861,873   

1.307%, 11/20/59 (b)

    5,937,269        6,056,483   

6.343%, 03/20/39 (b) (i)

    460,521        66,798   

6.493%, 01/20/40 (b) (i)

    1,822,734        299,149   
   

 

 

 
      80,223,876   
   

 

 

 

Federal Agencies—0.9%

  

Federal National Mortgage Association
Zero Coupon, 10/09/19

    1,670,000      1,437,648   

6.250%, 05/15/29

    1,890,000        2,485,253   

Tennessee Valley Authority
3.875%, 02/15/21

    150,000        161,675   

4.625%, 09/15/60

    1,260,000        1,232,487   

5.250%, 09/15/39

    750,000        849,292   

5.980%, 04/01/36

    2,490,000        3,076,450   
   

 

 

 
      9,242,805   
   

 

 

 

U.S. Treasury—1.6%

  

U.S. Treasury Bonds
3.750%, 11/15/43

    220,000        227,769   

U.S. Treasury Notes
0.250%, 06/30/14 (a)

    10,000        10,005   

0.250%, 10/31/15

    70,000        69,983   

0.375%, 11/15/15

    270,000        270,411   

1.500%, 08/31/18 (a)

    220,000        219,587   

2.000%, 09/30/20

    390,000        385,369   

2.750%, 11/15/23

    350,000        351,586   

U.S. Treasury Principal Strips
Zero Coupon, 11/15/43 (a)

    43,930,000        14,484,248   
   

 

 

 
      16,018,958   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $105,631,456)

      105,485,639   
   

 

 

 
Asset-Backed Securities—6.2%   

Asset-Backed - Automobile—0.7%

  

Avis Budget Rental Car Funding AESOP LLC
1.920%, 09/20/19 (144A)

    570,000        564,103   

2.100%, 03/20/19 (144A)

    1,100,000        1,105,743   

2.460%, 07/20/20 (144A)

    3,290,000        3,281,857   

2.802%, 05/20/18 (144A)

    675,000        698,074   

3.150%, 03/20/17 (144A)

    230,000        238,786   

Hertz Vehicle Financing LLC
1.830%, 08/25/19 (144A)

    790,000        779,417   

5.290%, 03/25/16 (144A)

    580,000        600,562   
   

 

 

 
      7,268,542   
   

 

 

 

Asset-Backed - Home Equity—0.9%

  

ABFC Trust
0.814%, 03/25/35 (b)

    2,482,334        1,811,880   

ACE Securities Corp. Home Equity Loan Trust
0.494%, 01/25/36 (b)

    626,246        90,273   

Asset Backed Securities Corp. Home Equity Loan Trust
3.005%, 04/15/33 (b)

    28,891        26,840   

Bear Stearns Asset Backed Securities Trust
0.894%, 01/25/34 (b)

    32,261        30,904   

EMC Mortgage Loan Trust
0.604%, 05/25/43 (144A) (b)

    1,010,058        868,034   

0.854%, 01/25/41 (144A) (b)

    185,260        178,288   

 

MSF-198


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description  

Principal
Amount*

    Value  

Asset-Backed - Home Equity—(Continued)

  

Home Equity Mortgage Loan Asset-Backed Trust
0.414%, 06/25/36 (b)

    11,471,290      $ 2,837,217   

Morgan Stanley Mortgage Loan Trust
0.454%, 03/25/36 (b)

    991,807        403,526   

SASCO Mortgage Loan Trust
0.434%, 04/25/35 (b)

    29,542        28,996   

Soundview Home Loan Trust
0.314%, 10/25/36 (b)

    3,154,652        2,494,431   

Structured Asset Securities Corp. Mortgage Loan Trust
0.374%, 02/25/36 (144A) (b)

    2,737,991        186,567   
   

 

 

 
      8,956,956   
   

 

 

 

Asset-Backed - Other—3.8%

  

Access Financial Manufactured Housing Contract Trust
7.650%, 05/15/21

    2,529,962        1,954,907   

ACE Securities Corp.
0.414%, 02/25/31 (b)

    279,501        260,743   

Amortizing Residential Collateral Trust
1.954%, 08/25/32 (b)

    90,304        58,293   

Bear Stearns Asset-Backed Securities Trust
6.000%, 10/25/36

    2,463,873        2,015,448   

Countrywide Asset-Backed Certificates
2.029%, 06/25/34 (b)

    223,277        190,440   

Countrywide Revolving Home Equity Loan Resecuritization Trust
0.455%, 12/15/33 (144A) (b)

    374,517        290,825   

Countrywide Revolving Home Equity Loan Trust
0.295%, 07/15/36 (b)

    750,246        588,326   

First Horizon Asset-Backed Trust
0.314%, 10/25/34 (b)

    128,440        107,907   

Greenpoint Manufactured Housing
2.913%, 03/18/29 (b)

    550,000        474,925   

3.542%, 06/19/29 (b)

    375,000        326,250   

3.655%, 02/20/30 (b)

    350,000        304,500   

GSAMP Trust
0.354%, 01/25/36 (b)

    108,629        21,165   

1.129%, 06/25/34 (b)

    670,000        619,380   

GSRPM Mortgage Loan Trust
0.454%, 03/25/35 (144A) (b)

    1,012,237        982,614   

HLSS Servicer Advance Receivables Backed Notes
1.979%, 08/15/46 (144A)

    1,470,000        1,474,851   

Home Equity Mortgage Loan Asset-Backed Notes
0.324%, 04/25/36 (b)

    257,192        145,315   

HSI Asset Securitization Corp. Trust
0.574%, 11/25/35 (b)

    4,000,000        2,972,560   

Lehman XS Trust
5.346%, 05/25/37 (b)

    6,356,657        4,657,040   

5.500%, 09/25/35 (d)

    5,730,000        5,047,918   

Long Beach Mortgage Loan Trust
0.678%, 01/21/31 (b)

    24,729        22,359   

Asset-Backed - Other—(Continued)

   

Manufactured Housing Contract Trust Pass-Through Certificates
3.654%, 03/13/32 (b)

    600,000      536,707   

3.656%, 02/20/32 (b)

    375,000        341,312   

Mid-State Trust
7.340%, 07/01/35

    310,017        333,455   

Origen Manufactured Housing Contract Trust
2.450%, 04/15/37 (b)

    2,379,298        1,998,226   

2.635%, 10/15/37 (b)

    2,600,960        2,159,678   

RAAC Trust
0.404%, 02/25/37 (144A) (b)

    804,093        777,920   

SACO I Trust
0.494%, 03/25/36 (b)

    165,454        233,979   

SACO I, Inc.
0.414%, 06/25/36 (b)

    575,159        848,244   

Sail Net Interest Margin Notes
5.500%, 03/27/34 (144A) (c) (g)

    35,690        0   

7.750%, 04/27/33 (144A) (c) (g)

    10,486        3   

Structured Asset Securities Corp.
0.814%, 02/25/35 (b)

    1,225,350        1,187,510   

Trade MAPS 1, Ltd.
0.854%, 12/10/18 (144A) (b)

    2,660,000        2,668,299   

UCFC Manufactured Housing Contract
7.095%, 04/15/29 (b)

    4,850,000        4,717,323   
   

 

 

 
      38,318,422   
   

 

 

 

Asset-Backed - Student Loan—0.8%

  

Nelnet Student Loan Trust
Zero Coupon, 03/22/32 (b)

    6,650,000        6,166,651   

Northstar Education Finance, Inc.
1.273%, 10/30/45 (b)

    100,000        75,279   

Pennsylvania Higher Education Assistance Agency
Zero Coupon, 07/25/42 (b)

    1,500,000        1,467,823   
   

 

 

 
      7,709,753   
   

 

 

 

Total Asset-Backed Securities
(Cost $63,706,802)

      62,253,673   
   

 

 

 
Preferred Stocks—0.8%   

Banks—0.7%

  

GMAC Capital Trust I, 8.125% (b)

    244,339        6,670,455   
   

 

 

 

Diversified Financial Services—0.1%

  

Citigroup Capital XIII, 7.875% (b)

    35,900        995,866   
   

 

 

 

Total Preferred Stocks
(Cost $7,190,437)

      7,666,321   
   

 

 

 
Common Stocks—0.2%   

Marine—0.1%

  

Deep Ocean Group Holding A/S (e) (h) (l)

    44,744        1,454,001   
   

 

 

 

 

MSF-199


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*/
Contracts
    Value  

Real Estate Management & Development—0.1%

  

Realogy Holdings Corp. (l)

    14,540      $ 631,763   
   

 

 

 

Total Common Stocks
(Cost $1,380,800)

      2,085,764   
   

 

 

 
Municipals—0.1%   

Virginia Housing Development Authority
6.000%, 06/25/34
(Cost $1,234,348)

    1,252,269        1,298,603   
   

 

 

 
Purchased Option—0.1%   

Put Options—0.1%

  

U.S. Treasury Note 10 Year Futures, Exercise Price $123.5,
Expires 04/25/14
(Cost $1,269,226)

    1,685        1,079,453   
   

 

 

 
Floating Rate Loan(b)—0.1%   

Software—0.1%

  

First Data Corp.
Extended Term Loan B, 4.155%, 03/24/18
(Cost $1,042,453)

    1,047,353        1,051,831   
   

 

 

 
Warrant—0.0%   

Sovereign—0.0%

  

Venezuela Government Oil-Linked Payment Obligation, Expires 04/15/20 (b) (l) (Cost $24,160)

    4,550        110,337   
   

 

 

 
Short-Term Investment—8.7%   

Mutual Fund—8.7%

  

State Street Navigator Securities Lending MET Portfolio (m)

    88,089,805        88,089,805   
   

 

 

 

Total Short-Term Investment (Cost $88,089,805)

      88,089,805   
   

 

 

 

Total Investments—109.1% (Cost $1,096,796,763) (n)

      1,100,596,388   

Other assets and liabilities (net)—(9.1)%

      (91,976,890
   

 

 

 
Net Assets—100.0%     $ 1,008,619,498   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $84,229,025 and the collateral received consisted of cash in the amount of $88,089,805 and non-cash collateral with a value of $1,098,958. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Non-income producing; Security is in default and/or issuer is in bankruptcy.
(d) Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(e) Illiquid security. As of March 31, 2014, these securities represent 0.1% of net assets.
(f) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(g) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of March 31, 2014, the market value of restricted securities was $550,003, which is 0.1% of net assets. See details shown in the Restricted Securities table that follows.
(h) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent 0.2% of net assets.
(i) Interest only security.
(j) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(k) Principal only security.
(l) Non-income producing security.
(m) Represents investment of cash collateral received from securities lending transactions.
(n) As of March 31, 2014, the aggregate cost of investments was $1,096,796,763. The aggregate unrealized appreciation and depreciation of investments were $34,656,661 and $(30,857,036), respectively, resulting in net unrealized appreciation of $3,799,625.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $205,624,367, which is 20.4% of net assets.
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(MXN)— Mexican Peso
(PLN)— Polish Zloty
(REMIC)— Real Estate Mortgage Investment Conduit

 

MSF-200


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

 

Restricted Securities

   Acquisition
Date
   Principal
Amount
     Cost      Value  

Midwest Vanadium Pty, Ltd.

   05/05/11 - 05/24/11    $ 1,000,000       $ 1,031,250       $ 550,000   

Sail Net Interest Margin Notes

   05/22/03      10,486         779         3   

Sail Net Interest Margin Notes

   12/17/04      35,690         35,908         0   
           

 

 

 
            $ 550,003   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

      

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
AUD     3,402,830        

Bank of America N.A.

       04/16/14         $ 3,066,947         $ 85,802   
AUD     8,940,000        

Citibank N.A.

       04/16/14           8,152,565           130,417   
AUD     11,787,269        

Citibank N.A.

       05/14/14           10,604,475           295,619   
CAD     10,470,000        

Goldman Sachs & Co.

       04/16/14           9,435,706           31,825   
EUR     2,510,000        

Goldman Sachs & Co.

       04/16/14           3,400,799           56,996   
EUR     265,200        

Citibank N.A.

       05/14/14           365,680           (357
EUR     1,100,759        

UBS AG

       05/14/14           1,501,822           14,513   
EUR     173,765        

Citibank N.A.

       05/15/14           241,960           (2,593
EUR     16,616,164        

Citibank N.A.

       05/15/14           22,723,020           166,318   
GBP     3,000,000        

Bank of America N.A.

       04/16/14           4,969,929           30,989   
INR     775,000,000        

Bank of America N.A.

       04/16/14           12,137,823           796,190   
INR     800,000,000        

Citibank N.A.

       04/16/14           12,529,365           821,874   
JPY     3,964,000,000        

Bank of America N.A.

       04/16/14           38,656,690           (248,476
SEK     35,670,000        

Citibank N.A.

       05/14/14           5,530,319           (22,793
SGD     10,799,000        

Citibank N.A.

       05/14/14           8,523,889           61,244   

Contracts to Deliver

                          
AUD     3,402,830        

Bank of America N.A.

       04/16/14           2,967,165           (185,584
AUD     11,787,269        

Citibank N.A.

       05/14/14           10,579,074           (321,021
CAD     10,470,000        

Goldman Sachs & Co.

       04/16/14           9,434,982           (32,548
EUR     18,517,070        

Barclays Bank plc

       04/16/14           25,026,005           (483,250
EUR     14,700,000        

Citibank N.A.

       04/16/14           20,204,268           (46,563
EUR     16,789,929        

Citibank N.A.

       05/15/14           22,723,020           (405,685
GBP     3,000,000        

Bank of America N.A.

       04/16/14           4,969,095           (31,823
JPY     3,964,000,000        

Bank of America N.A.

       04/16/14           37,962,149           (446,065
JPY     1,034,800,000        

Citibank N.A.

       04/16/14           10,141,002           114,559   
SEK     35,670,000        

Citibank N.A.

       05/14/14           5,594,495           86,969   
                     

 

 

 

Net Unrealized Appreciation

  

     $ 466,557   
                     

 

 

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation/
(Depreciation)
 

90 Day EuroDollar Futures

     12/19/16         311        USD         75,966,898      $ (24,586

U.S. Treasury Note 10 Year Futures

     06/19/14         471        USD         58,656,023        (487,523

U.S. Treasury Note 5 Year Futures

     06/30/14         109        USD         13,020,503        (54,612

U.S. Treasury Ultra Long Bond Futures

     06/19/14         376        USD         53,197,972        1,122,278   

Futures Contracts—Short

                         

U.S. Treasury Long Bond Futures

     06/19/14         (1,152     USD         (153,387,084     (80,916

U.S. Treasury Note 2 Year Futures

     06/30/14         (159     USD         (34,954,640     44,202   
            

 

 

 

Net Unrealized Appreciation

  

  $ 518,843   
            

 

 

 

 

MSF-201


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Written Options

 

Options on Exchange-Traded Futures Contracts

   Exercise
Price
     Expiration
Date
     Number of
Contracts
    Premiums
Received
    Market
Value
    Unrealized
Appreciation
 

Put - U.S. Treasury Note 10 Year Futures

   $ 121.5         04/25/14         (1,685   $ (389,446   $ (184,297   $ 205,149   
          

 

 

   

 

 

   

 

 

 

Swap Agreements

Centrally Cleared Interest Rate Swap Agreements

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Appreciation/
(Depreciation)
 

Pay

     3-Month USD-LIBOR         1.890     03/31/17         USD         84,540,000       $ (38,543

Receive

     3-Month USD-LIBOR         3.295     03/29/19         USD         88,510,000         84,554   

Pay

     3-Month USD-LIBOR         3.318     08/15/29         USD         111,440,000         (303,529
                

 

 

 

Total

  

   $ (257,518
                

 

 

 

 

(AUD)— Australian Dollar
(CAD)— Canadian Dollar
(EUR)— Euro
(GBP)— British Pound
(INR)— Indian Rupee
(JPY)— Japanese Yen
(SEK)— Swedish Krona
(SGD)— Singapore Dollar
(USD)— United States Dollar
(LIBOR)— London Interbank Offered Rate

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Corporate Bonds & Notes            

Advertising

   $ —         $ 1,355,083       $ —         $ 1,355,083   

Aerospace/Defense

     —           4,623,560         —           4,623,560   

Agriculture

     —           7,491,678         —           7,491,678   

Airlines

     —           5,455,488         —           5,455,488   

Auto Manufacturers

     —           2,737,019         —           2,737,019   

Banks

     —           61,916,287         —           61,916,287   

 

MSF-202


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Beverages

   $ —         $ 6,009,220      $ —         $ 6,009,220   

Building Materials

     —           11,257,663        —           11,257,663   

Chemicals

     —           6,981,114        —           6,981,114   

Coal

     —           7,790,625        —           7,790,625   

Commercial Services

     —           4,808,119        —           4,808,119   

Computers

     —           453,375        —           453,375   

Cosmetics/Personal Care

     —           476,525        —           476,525   

Diversified Financial Services

     —           23,233,355        —           23,233,355   

Electric

     —           22,210,535        —           22,210,535   

Electronics

     —           2,463,426        —           2,463,426   

Engineering & Construction

     —           4,558,963        —           4,558,963   

Entertainment

     —           1,422,750        —           1,422,750   

Environmental Control

     —           436,798        —           436,798   

Food

     —           8,598,565        —           8,598,565   

Forest Products & Paper

     —           7,285,700        —           7,285,700   

Healthcare-Products

     —           1,272,679        —           1,272,679   

Healthcare-Services

     —           13,414,420        —           13,414,420   

Holding Companies-Diversified

     —           6,052,725        —           6,052,725   

Home Builders

     —           7,480,505        —           7,480,505   

Household Products/Wares

     —           3,696,900        —           3,696,900   

Insurance

     —           1,876,949        —           1,876,949   

Internet

     —           3,775,800        —           3,775,800   

Iron/Steel

     —           8,606,299        —           8,606,299   

Lodging

     —           4,089,200        —           4,089,200   

Media

     —           27,697,710        —           27,697,710   

Mining

     —           21,641,097        617,556         22,258,653   

Miscellaneous Manufacturing

     —           3,708,577        —           3,708,577   

Oil & Gas

     —           67,663,111        —           67,663,111   

Oil & Gas Services

     —           10,063,505        —           10,063,505   

Packaging & Containers

     —           9,570,754        —           9,570,754   

Pharmaceuticals

     —           8,232,728        —           8,232,728   

Pipelines

     —           21,099,621        —           21,099,621   

Real Estate

     —           1,808,325        —           1,808,325   

Retail

     —           8,961,381        —           8,961,381   

Software

     —           2,509,325        —           2,509,325   

Telecommunications

     —           41,753,703        —           41,753,703   

Transportation

     —           8,063,650        —           8,063,650   

Trucking & Leasing

     —           566,500        —           566,500   

Total Corporate Bonds & Notes

     —           475,171,312        617,556         475,788,868   

Total Mortgage-Backed Securities*

     —           202,700,805        —           202,700,805   

Total Foreign Government*

     —           152,985,289        —           152,985,289   

Total U.S. Treasury & Government Agencies*

     —           105,485,639        —           105,485,639   

Total Asset-Backed Securities*

     —           62,253,673        —           62,253,673   

Total Preferred Stocks*

     7,666,321         —          —           7,666,321   
Common Stocks           

Marine

     —           —          1,454,001         1,454,001   

Real Estate Management & Development

     631,763         —          —           631,763   

Total Common Stocks

     631,763         —          1,454,001         2,085,764   

Total Municipals

     —           1,298,603        —           1,298,603   

Total Purchased Option*

     1,079,453         —          —           1,079,453   

Total Floating Rate Loan*

     —           1,051,831        —           1,051,831   

Total Warrant*

     —           110,337        —           110,337   

Total Short-Term Investment*

     88,089,805         —          —           88,089,805   

Total Investments

   $ 97,467,342       $ 1,001,057,489      $ 2,071,557       $ 1,100,596,388   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (88,089,805   $ —         $ (88,089,805

 

MSF-203


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 2,693,315      $ —         $ 2,693,315   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (2,226,758     —           (2,226,758

Total Forward Contracts

   $ —        $ 466,557      $ —         $ 466,557   
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 1,166,480      $ —        $ —         $ 1,166,480   

Futures Contracts (Unrealized Depreciation)

     (647,637     —          —           (647,637

Total Futures Contracts

   $ 518,843      $ —        $ —         $ 518,843   

Written Options at Value

     (184,297     —          —           (184,297
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 84,554      $ —         $ 84,554   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (342,072     —           (342,072

Total Centrally Cleared Swap Contracts

   $ —        $ (257,518   $ —         $ (257,518

 

* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities

   Balance as of
December 31,
2013
     Accrued
Premiums
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases      Transfers
in to
Level 3
     Balance
as of
March 31,
2014
     Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
March 31,
2014
 
Common Stocks                   

Marine

   $ 1,474,561       $      $ (20,560   $       $       $ 1,454,001       $ (20,560
Corporate Bonds & Notes                   

Mining

             (52     52        62,223         555,333         617,556         52   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,474,561       $ (52   $ (20,508   $ 62,223       $ 555,333       $ 2,071,557       $ (20,508
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Corporate Bonds & Notes in the amount of $555,333 were transferred into Level 3 due to a decline in market activity for significant observables which resulted in a lack of available market inputs to determine price.

 

MSF-204


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—87.4% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—22.7%

  

Fannie Mae 15 Yr. Pool
4.500%, 03/01/20

    128,156      $ 137,631   

5.000%, 03/01/18

    203,945        216,938   

6.500%, 06/01/17

    62,666        65,657   

7.000%, 12/01/14

    820        829   

7.000%, 07/01/15

    404        405   

7.500%, 02/01/16

    15,956        16,114   

Fannie Mae 20 Yr. Pool
4.500%, 11/01/31

    1,751,227        1,894,040   

4.500%, 12/01/31

    2,222,030        2,398,450   

Fannie Mae 30 Yr. Gold Pool
5.000%, TBA (a)

    13,400,000        14,573,547   

Fannie Mae 30 Yr. Pool
3.000%, 09/01/42

    13,847,026        13,389,094   

3.000%, TBA (a)

    5,200,000        5,004,187   

3.500%, TBA (a)

    29,800,000        29,874,500   

4.000%, 07/01/42

    5,828,214        6,059,133   

4.000%, TBA (a)

    76,800,000        79,548,000   

4.500%, 04/01/41

    19,008,500        20,300,473   

4.500%, 06/01/41

    1,681,401        1,794,566   

4.500%, 09/01/41

    3,073,226        3,281,771   

4.500%, 10/01/41

    14,635,898        15,616,727   

4.500%, TBA (a)

    40,400,000        42,950,252   

5.000%, 07/01/33

    610,109        668,730   

5.000%, 09/01/33

    740,163        811,515   

5.000%, 10/01/35

    2,073,267        2,272,076   

5.000%, 03/01/36

    3,459,987        3,782,558   

5.000%, 01/01/39

    26,978        29,578   

5.000%, 08/01/39

    71,747        78,813   

5.000%, 12/01/39

    47,588        52,276   

5.000%, 05/01/40

    100,393        110,216   

5.000%, 07/01/40

    92,070        101,173   

5.000%, 11/01/40

    2,312,145        2,539,274   

5.000%, 01/01/41

    77,421        84,988   

5.000%, 02/01/41

    109,533        119,329   

5.000%, 04/01/41

    255,749        280,945   

5.000%, 05/01/41

    5,007,737        5,501,709   

5.000%, 06/01/41

    404,586        444,494   

5.000%, 07/01/41

    5,608,085        6,103,359   

5.000%, 05/01/42

    600,595        657,578   

6.000%, 04/01/33

    165,103        185,593   

6.000%, 02/01/34

    35,267        39,654   

6.000%, 11/01/35

    363,185        408,417   

6.000%, 08/01/37

    780,299        877,450   

6.500%, 03/01/26

    1,790        2,011   

6.500%, 04/01/29

    93,822        105,369   

7.000%, 11/01/28

    2,794        3,108   

7.000%, 02/01/29

    3,769        4,140   

7.000%, 01/01/30

    2,473        2,570   

7.000%, 10/01/37

    64,689        71,462   

7.000%, 11/01/37

    53,235        61,546   

7.000%, 12/01/37

    53,608        59,626   

7.000%, 02/01/38

    72,659        84,257   

7.000%, 08/01/38

    73,957        83,317   

7.000%, 09/01/38

    7,187        7,824   

7.000%, 11/01/38

    332,815        367,317   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
7.000%, 02/01/39

    3,430,891      3,796,228   

7.500%, 04/01/32

    14,876        15,382   

8.000%, 05/01/28

    4,821        5,514   

8.000%, 07/01/32

    947        1,033   

11.500%, 09/01/19

    24        24   

12.000%, 10/01/15

    971        977   

Fannie Mae ARM Pool
1.754%, 07/01/37 (b)

    72,472        77,360   

Fannie Mae Interest Strip (CMO)
3.500%, 11/25/41 (c)

    4,786,975        1,050,757   

4.000%, 04/25/42 (c)

    7,222,806        1,790,998   

4.500%, 11/25/39 (c)

    5,140,999        1,092,883   

Fannie Mae Pool
3.500%, 10/01/42

    11,883,846        11,845,016   

3.500%, 12/01/42

    1,880,369        1,881,236   

3.500%, 05/01/43

    483,632        483,854   

4.000%, 10/01/42

    3,305,055        3,411,403   

4.000%, 07/01/43

    97,554        100,665   

4.000%, 08/01/43

    2,168,369        2,237,884   

5.000%, 05/01/40

    46,389        50,944   

6.500%, 12/01/27

    5,388        5,484   

6.500%, 04/01/29

    1,394        1,568   

6.500%, 05/01/32

    59,010        64,581   

12.000%, 01/15/16

    151        152   

12.500%, 09/20/15

    26        26   

12.500%, 01/15/16

    414        416   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/42 (d)

    1,141,342        972,291   

3.000%, 12/25/27 (c)

    13,451,791        1,733,231   

5.500%, 07/25/41

    7,093,602        8,063,865   

5.500%, 04/25/42

    5,263,184        5,832,876   

5.946%, 07/25/40 (b) (c)

    4,825,965        922,454   

5.946%, 09/25/42 (b) (c)

    2,329,396        493,423   

5.946%, 07/25/43 (b) (c)

    2,591,497        572,743   

5.996%, 03/25/42 (b) (c)

    18,565,826        2,767,520   

5.996%, 12/25/42 (b) (c)

    1,705,677        411,637   

6.000%, 05/25/42

    4,061,893        4,473,326   

6.346%, 02/25/42 (b) (c)

    4,010,163        809,194   

6.376%, 12/25/40 (b) (c)

    2,729,217        337,986   

6.376%, 01/25/41 (b) (c)

    3,274,060        514,872   

6.396%, 10/25/41 (b) (c)

    10,944,610        1,738,652   

6.446%, 10/25/40 (b) (c)

    7,643,659        1,307,076   

6.496%, 02/25/41 (b) (c)

    1,667,709        307,748   

6.496%, 03/25/42 (b) (c)

    4,489,278        689,828   

6.500%, 06/25/39

    831,085        923,459   

6.500%, 07/25/42

    7,063,866        7,876,543   

9.750%, 11/25/18

    1,886,257        2,122,863   

9.750%, 08/25/19

    624,195        702,338   

Fannie Mae Whole Loan
3.434%, 01/25/43 (b)

    456,383        473,007   

Freddie Mac 30 Yr. Gold Pool
3.000%, TBA (a)

    12,000,000        11,531,719   

5.000%, 08/01/33

    49,086        53,886   

6.000%, 10/01/36

    2,189,463        2,463,489   

6.500%, 09/01/39

    786,463        880,962   

 

MSF-205


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
8.000%, 12/01/19

    3,069      $ 3,094   

8.000%, 09/01/30

    6,656        7,769   

Freddie Mac 30 Yr. Non-Gold Pool
8.000%, 07/01/20

    5,520        5,838   

Freddie Mac ARM Non-Gold Pool
1.945%, 02/01/37 (b)

    20,083        21,183   

2.081%, 05/01/37 (b)

    47,112        49,850   

2.495%, 05/01/37 (b)

    61,217        64,406   

2.522%, 01/01/35 (b)

    26,360        28,286   

Freddie Mac Gold Pool
3.500%, 04/01/43

    584,522        583,613   

4.000%, 04/01/43

    2,343,432        2,417,820   

4.000%, 08/01/43

    1,371,656        1,414,921   

Freddie Mac REMICS (CMO)
4.500%, 04/15/32

    304,579        327,501   

6.000%, 05/15/36

    1,571,191        1,752,811   

6.445%, 11/15/41 (b) (c)

    5,470,175        973,808   

8.500%, 06/15/21

    23,621        26,389   

Ginnie Mae I 30 Yr. Pool
5.500%, 06/15/36

    1,058,113        1,180,594   

6.000%, 03/15/33

    1,608,016        1,850,770   

6.500%, 06/15/31

    7,857        8,859   

6.500%, 08/15/34

    316,374        356,835   

7.500%, 01/15/29

    11,860        12,966   

7.500%, 09/15/29

    3,076        3,487   

7.500%, 02/15/30

    1,840        1,955   

8.500%, 05/15/18

    9,210        9,250   

8.500%, 06/15/25

    48,532        58,844   

9.000%, 12/15/16

    2,142        2,152   

Ginnie Mae II 30 Yr. Pool
3.500%, TBA (a)

    1,800,000        1,836,844   

4.000%, TBA (a)

    16,400,000        17,232,812   

4.500%, 01/20/40

    1,903,852        2,055,480   

4.500%, 05/20/40

    2,697,360        2,911,806   

4.500%, 09/20/40

    52,133        56,461   

4.500%, 01/20/41

    392,089        423,837   

4.500%, 07/20/41

    2,784,329        3,001,372   

4.500%, TBA (a)

    42,400,000        45,705,877   

5.000%, 07/20/40

    2,031,402        2,225,619   

6.000%, 11/20/34

    3,155        3,632   

6.000%, 06/20/35

    5,192        5,839   

6.000%, 07/20/36

    363,939        412,328   

6.000%, 09/20/36

    17,179        19,473   

6.000%, 07/20/38

    1,037,084        1,174,511   

6.000%, 09/20/38

    2,918,639        3,306,302   

6.000%, 06/20/39

    9,221        10,451   

6.000%, 05/20/40

    241,815        274,650   

6.000%, 06/20/40

    606,414        686,728   

6.000%, 08/20/40

    305,241        346,635   

6.000%, 09/20/40

    802,537        899,002   

6.000%, 10/20/40

    498,502        559,129   

6.000%, 11/20/40

    610,983        687,008   

6.000%, 01/20/41

    688,159        773,863   

6.000%, 03/20/41

    2,744,616        3,078,464   

6.000%, 07/20/41

    577,263        647,273   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool
6.000%, 12/20/41

    427,282      483,292   

6.500%, 10/20/37

    776,799        872,256   

Government National Mortgage Association
0.773%, 09/16/51 (b) (c)

    96,293,776        6,470,460   

0.857%, 02/16/53 (b) (c)

    30,173,318        2,126,103   

0.858%, 02/16/53 (b) (c)

    65,931,097        4,372,089   

0.948%, 06/16/55 (b) (c)

    16,121,031        1,052,526   

0.950%, 09/16/46 (b) (c)

    87,646,426        4,561,208   

0.981%, 03/16/49 (b) (c)

    42,232,195        2,575,615   

1.033%, 01/16/53 (b) (c)

    19,252,534        1,683,172   

1.041%, 09/16/55 (b) (c)

    25,500,000        1,947,537   

1.124%, 09/16/44 (b) (c)

    23,904,024        1,878,950   

1.215%, 02/16/46 (c)

    24,069,679        1,967,297   

1.385%, 02/16/48 (c)

    25,930,000        2,193,341   

2.000%, 12/16/49

    4,302,973        4,278,877   

2.250%, 03/16/35

    6,559,660        6,563,478   

2.900%, 02/16/44 (b)

    10,158,706        10,306,454   

2.900%, 06/16/44 (b)

    3,366,379        3,415,434   

Government National Mortgage Association (CMO)
0.539%, 12/20/60 (b)

    22,820,279        22,596,344   

0.559%, 12/20/60 (b)

    8,270,401        8,187,738   

0.639%, 03/20/61 (b)

    6,569,806        6,536,339   

0.659%, 12/20/60 (b)

    59,717,257        59,462,268   

5.945%, 08/16/42 (b) (c)

    2,648,639        423,682   

6.343%, 03/20/39 (b) (c)

    1,151,557        167,033   

6.493%, 01/20/40 (b) (c)

    2,539,440        416,775   
   

 

 

 
      604,052,624   
   

 

 

 

Federal Agencies—29.5%

  

Federal Farm Credit Bank
0.250%, 07/28/14

    20,000,000        20,010,940   

0.250%, 01/07/15

    20,000,000        20,008,480   

0.375%, 03/03/16

    20,000,000        19,956,020   

0.390%, 05/09/16

    20,000,000        19,939,840   

0.540%, 06/06/16

    20,000,000        19,986,640   

0.820%, 02/21/17

    20,000,000        19,900,640   

1.500%, 11/16/15

    20,000,000        20,394,440   

1.950%, 11/15/17

    19,980,000        20,441,678   

2.625%, 04/17/14

    25,000,000        25,028,325   

Federal Home Loan Bank
1.375%, 12/11/15

    20,000,000        20,310,580   

2.125%, 06/09/23

    17,700,000        16,403,386   

2.750%, 06/08/18 (e)

    15,000,000        15,676,515   

5.250%, 12/11/20

    12,000,000        14,084,508   

Federal Home Loan Bank of Chicago
5.625%, 06/13/16

    43,170,000        47,775,980   

Federal Home Loan Mortgage Corp.
Zero Coupon, 11/29/19

    10,000,000        8,547,640   

2.375%, 01/13/22 (e)

    73,000,000        71,502,551   

5.000%, 12/14/18 (e)

    13,241,000        15,032,415   

6.750%, 03/15/31

    1,000,000        1,392,195   

Federal National Mortgage Association
Zero Coupon, 10/09/19

    50,000,000        43,043,350   

0.500%, 10/22/15

    30,000,000        30,076,320   

 

MSF-206


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Federal Agencies—(Continued)

  

Federal National Mortgage Association
0.550%, 09/06/16

    22,600,000      $ 22,519,589   

2.250%, 10/17/22

    14,000,000        13,079,402   

6.000%, 04/18/36

    9,700,000        10,626,030   

6.625%, 11/15/30

    3,000,000        4,122,258   

Financing Corp. Fico
Zero Coupon, 10/06/17

    20,433,000        19,370,096   

Zero Coupon, 12/27/18

    16,254,000        14,772,497   

Zero Coupon, 06/06/19

    27,884,000        25,142,027   

Zero Coupon, 09/26/19

    14,535,000        12,754,244   

Government Trust Certificates
Zero Coupon, 10/01/16

    8,567,000        8,272,724   

National Archives Facility Trust
8.500%, 09/01/19

    2,905,028        3,484,000   

New Valley Generation II
5.572%, 05/01/20

    9,970,336        11,191,703   

Overseas Private Investment Corp.
Zero Coupon, 03/17/15

    5,000,000        5,238,150   

Zero Coupon, 11/18/15

    8,000,000        7,978,864   

2.310%, 11/15/30

    9,659,978        8,732,427   

3.490%, 12/20/29

    12,000,000        11,965,680   

Residual Funding Corp. Principal Strip
Zero Coupon, 10/15/20 (e)

    38,159,000        32,351,238   

Tennessee Valley Authority

   

1.750%, 10/15/18

    20,000,000        19,955,280   

3.875%, 02/15/21

    35,000,000        37,724,155   

4.500%, 04/01/18

    20,000,000        22,259,020   

5.500%, 07/18/17 (e)

    21,306,000        24,291,759   
   

 

 

 
      785,343,586   
   

 

 

 

U.S. Treasury—35.2%

  

U.S. Treasury Bonds
8.000%, 11/15/21

    12,800,000        17,848,000   

U.S. Treasury Inflation Indexed Bonds
0.625%, 02/15/43 (e)

    16,276,800        13,629,281   

0.750%, 02/15/42 (e)

    3,519,272        3,066,715   

1.375%, 02/15/44

    20,673,336        21,096,499   

U.S. Treasury Inflation Indexed Notes
0.125%, 01/15/23

    8,106,240        7,843,419   

0.375%, 07/15/23 (e)

    16,080,480        15,904,592   

U.S. Treasury Notes
0.125%, 07/31/14 (e)

    10,000,000        10,001,950   

0.250%, 06/30/14 (e)

    50,000,000        50,023,450   

0.250%, 09/30/14 (e)

    20,000,000        20,016,400   

0.250%, 10/31/14 (e)

    60,000,000        60,060,960   

0.250%, 10/15/15

    24,000,000        23,999,064   

0.250%, 10/31/15 (e)

    2,000,000        1,999,532   

0.250%, 11/30/15 (e)

    381,000,000        380,732,157   

0.375%, 01/31/16 (e)

    26,000,000        26,008,112   

0.750%, 06/30/17

    24,000,000        23,775,000   

1.500%, 07/31/16 (e)

    92,000,000        93,947,824   

1.500%, 08/31/18 (e)

    18,000,000        17,966,250   

1.625%, 03/31/19

    18,690,000        18,595,092   

2.750%, 11/15/23 (e)

    7,000,000        7,031,717   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
3.125%, 01/31/17 (e)

    118,000,000      125,596,250   
   

 

 

 
      939,142,264   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,334,189,510)

      2,328,538,474   
   

 

 

 
Corporate Bonds & Notes—10.5%   

Banks—2.1%

  

National Australia Bank, Ltd.
1.250%, 03/08/18 (144A)

    13,000,000        12,754,768   

National Bank of Canada
2.200%, 10/19/16 (144A) (e)

    13,000,000        13,403,442   

Royal Bank of Canada
2.000%, 10/01/18 (e)

    10,000,000        10,001,590   

Stadshypotek AB
1.875%, 10/02/19 (144A) (e)

    5,000,000        4,862,400   

UBS AG
0.750%, 03/24/17 (144A) (e)

    16,000,000        15,978,896   
   

 

 

 
      57,001,096   
   

 

 

 

Diversified Financial Services—7.9%

  

COP I LLC
3.650%, 12/05/21

    10,038,646        10,645,362   

MSN 41079 & 41084, Ltd.
1.717%, 07/13/24

    8,867,722        8,492,990   

National Credit Union Administration Guaranteed Notes
3.450%, 06/12/21

    45,000,000        47,529,450   

NCUA Guaranteed Notes
3.000%, 06/12/19

    19,650,000        20,654,901   

Postal Square, L.P.
6.500%, 06/15/22

    9,416,340        10,760,898   

Private Export Funding Corp.
1.375%, 02/15/17

    25,000,000        25,195,325   

2.250%, 12/15/17

    40,000,000        41,430,520   

3.050%, 10/15/14

    20,000,000        20,281,960   

4.950%, 11/15/15 (e)

    25,000,000        26,849,325   
   

 

 

 
      211,840,731   
   

 

 

 

Oil & Gas—0.5%

  

Petroleos Mexicanos
1.700%, 12/20/22

    9,000,000        8,786,871   

6.375%, 01/23/45 (144A) (e)

    3,610,000        3,894,287   
   

 

 

 
      12,681,158   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $267,548,035)

      281,522,985   
   

 

 

 
Foreign Government—5.5%   

Sovereign—5.5%

  

Colombia Government International Bond
5.625%, 02/26/44

    4,840,000        5,052,960   

 

MSF-207


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  

Sovereign—(Continued)

  

Egypt Government AID Bonds
4.450%, 09/15/15

    20,000,000      $ 21,179,400   

Indonesia Government International Bonds
3.750%, 04/25/22

    1,900,000        1,793,125   

3.750%, 04/25/22 (144A)

    410,000        386,938   

4.875%, 05/05/21

    2,957,000        3,030,925   

5.875%, 03/13/20 (e)

    310,000        338,675   

5.875%, 01/15/24 (144A) (e)

    1,060,000        1,138,175   

Israel Government AID Bonds
Zero Coupon, 08/15/16

    28,251,000        27,628,461   

Zero Coupon, 09/15/16

    10,000,000        9,762,300   

Zero Coupon, 11/15/18

    20,869,000        19,040,667   

Mexico Government International Bond
5.550%, 01/21/45 (e)

    11,480,000        12,197,500   

Poland Government International Bond
4.000%, 01/22/24

    7,870,000        7,911,317   

Province of British Columbia
2.650%, 09/22/21 (e)

    4,000,000        3,994,080   

Russian Foreign Bond - Eurobond
7.500%, 03/31/30

    10,717,510        12,191,168   

South Africa Government International Bond
5.875%, 09/16/25 (e)

    10,010,000        10,760,750   

Turkey Government International Bonds
5.625%, 03/30/21

    1,078,000        1,124,354   

5.750%, 03/22/24 (e)

    4,290,000        4,438,005   

6.250%, 09/26/22

    2,205,000        2,369,272   

7.000%, 03/11/19

    1,660,000        1,850,900   

7.500%, 11/07/19

    540,000        618,570   
   

 

 

 

Total Foreign Government
(Cost $146,288,387)

      146,807,542   
   

 

 

 
Mortgage-Backed Securities—4.4%   

Collateralized Mortgage Obligations—2.7%

  

American Home Mortgage Assets LLC
0.344%, 09/25/46 (b)

    1,035,935        737,308   

0.344%, 12/25/46 (b)

    3,041,938        2,140,800   

Banc of America Funding Corp.
2.214%, 06/20/35 (b)

    436,591        281,410   

Banc of America Mortgage 2005-F Trust
2.736%, 07/25/35 (b)

    182,130        168,764   

Citigroup Mortgage Loan Trust, Inc.
2.510%, 10/25/35 (b)

    339,471        335,421   

Countrywide Alternative Loan Trust
0.357%, 07/20/46 (b)

    3,874,742        2,375,027   

0.387%, 07/20/35 (b)

    1,486,761        1,273,476   

0.444%, 05/25/34 (b)

    3,409,561        3,354,889   

Countrywide Home Loan Mortgage Pass-Through Trust
0.514%, 03/25/35 (144A) (b)

    149,365        132,080   

0.574%, 07/25/36 (144A) (b)

    1,265,145        1,104,204   

Deutsche Mortgage Securities, Inc.
5.229%, 06/26/35 (144A) (b)

    2,760,417        2,765,328   

FDIC Structured Sale Guaranteed Notes
0.703%, 02/25/48 (144A) (b)

    1,894,999        1,895,943   

Collateralized Mortgage Obligations—(Continued)

  

First Horizon Alternative Mortgage Securities
0.524%, 02/25/37 (b)

    350,267      226,104   

GMAC Mortgage Corp. Loan Trust
2.690%, 11/19/35 (b)

    992,135        934,116   

Greenpoint Mortgage Funding Trust
0.234%, 02/25/47 (b)

    201,133        182,160   

GSMPS Mortgage Loan Trust
0.504%, 01/25/35 (144A) (b)

    506,322        425,457   

0.554%, 06/25/34 (144A) (b)

    867,109        754,356   

3.319%, 06/25/34 (144A) (b)

    5,111,598        4,635,289   

GSR Mortgage Loan Trust
2.774%, 04/25/35 (b)

    1,044,786        1,010,750   

HarborView Mortgage Loan Trust
0.336%, 11/19/46 (b)

    176,981        138,122   

0.356%, 09/19/46 (b)

    418,597        323,728   

Impac Secured Assets CMN Owner Trust
0.474%, 03/25/36 (b)

    5,403,977        3,750,706   

JPMorgan Mortgage Trust
2.079%, 06/25/34 (b)

    320,079        315,129   

Luminent Mortgage Trust
0.344%, 05/25/46 (b)

    3,406,982        2,559,849   

MASTR Adjustable Rate Mortgages Trust
0.354%, 05/25/47 (b)

    6,967,195        5,381,726   

0.929%, 12/25/46 (b)

    6,296,034        4,007,696   

2.250%, 02/25/34 (b)

    275,779        268,342   

3.180%, 12/25/34 (b)

    23,603        23,588   

MASTR Reperforming Loan Trust
0.504%, 05/25/35 (144A) (b)

    419,708        356,814   

3.381%, 05/25/35 (144A) (b)

    5,266,486        4,228,104   

4.837%, 05/25/36 (144A) (b)

    4,114,664        3,911,404   

6.000%, 08/25/34 (144A)

    107,099        109,723   

7.000%, 08/25/34 (144A)

    512,310        528,292   

MASTR Seasoned Securities Trust
3.313%, 10/25/32 (b)

    28,618        29,046   

Morgan Stanley Mortgage Loan Trust
0.224%, 06/25/36 (b)

    791,502        366,918   

2.461%, 07/25/35 (b)

    458,266        416,670   

NovaStar Mortgage-Backed Notes
0.344%, 09/25/46 (b)

    2,902,822        2,410,956   

Provident Funding Mortgage Loan Trust
2.604%, 05/25/35 (b)

    1,159,148        1,156,217   

2.639%, 10/25/35 (b)

    173,335        172,956   

RALI Trust
0.314%, 01/25/37 (b)

    567,972        409,343   

0.554%, 10/25/45 (b)

    533,489        387,601   

RFMSI Trust
4.750%, 12/25/18

    443,259        452,636   

SACO I, Inc.
8.817%, 06/25/21 (144A) (b)

    2,042,363        2,068,273   

Structured Adjustable Rate Mortgage Loan Trust
2.440%, 05/25/35 (b)

    5,572,206        5,220,355   

Structured Asset Mortgage Investments II Trust 0.334%, 07/25/46 (b)

    314,317        246,839   

Structured Asset Securities Corp.
0.504%, 04/25/35 (144A) (b)

    3,682,429        3,120,630   

3.421%, 06/25/35 (144A) (b)

    207,977        185,688   

 

MSF-208


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description  

Principal
Amount*

    Value  

Collateralized Mortgage Obligations—(Continued)

  

Structured Asset Securities Corp. Mortgage Loan Trust
0.954%, 09/25/33 (144A) (b)

    37,705      $ 35,247   

Thornburg Mortgage Securities Trust
6.069%, 09/25/37 (b)

    106,418        104,378   

6.095%, 09/25/37 (b)

    102,261        107,005   

WaMu Mortgage Pass-Through Certificates
0.414%, 11/25/45 (b)

    100,485        92,493   

0.424%, 12/25/45 (b)

    2,550,743        2,372,530   

0.444%, 12/25/45 (b)

    209,569        192,692   

0.474%, 08/25/45 (b)

    238,308        221,055   

0.554%, 08/25/45 (b)

    489,675        452,079   

0.879%, 06/25/47 (b)

    271,971        240,623   

2.403%, 04/25/35 (b)

    100,000        97,254   
   

 

 

 
      71,195,589   
   

 

 

 

Commercial Mortgage-Backed Securities—1.7%

  

FDIC Structured Sale Guaranteed Notes
2.980%, 12/06/20 (144A)

    14,909,184        15,494,324   

NCUA Guaranteed Notes Trust
2.900%, 10/29/20

    30,000,000        31,101,000   
   

 

 

 
      46,595,324   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $120,474,697)

      117,790,913   
   

 

 

 
Asset-Backed Securities—0.9%   

Asset-Backed - Credit Card—0.0%

  

Compucredit Acquired Portfolio Voltage Master Trust
0.325%, 09/17/18 (144A) (b)

    145,158        145,158   
   

 

 

 

Asset-Backed - Home Equity—0.1%

  

Bayview Financial Acquisition Trust
0.738%, 08/28/44 (b)

    1,486        1,483   

Bayview Financial Asset Trust
0.754%, 12/25/39 (144A) (b)

    306,108        291,600   

EMC Mortgage Loan Trust
0.604%, 12/25/42 (144A) (b)

    84,568        78,806   

Home Equity Mortgage Loan Asset-Backed Trust
0.414%, 06/25/36 (b)

    4,497,765        1,112,441   

Morgan Stanley Mortgage Loan Trust
0.244%, 12/25/36 (b)

    279,296        147,645   

0.454%, 03/25/36 (b)

    1,949,413        793,138   

Option One Mortgage Loan Trust
0.734%, 06/25/33 (b)

    134,150        126,093   

Structured Asset Securities Corp. Mortgage Loan Trust
0.374%, 02/25/36 (144A) (b)

    4,909,501        334,534   
   

 

 

 
      2,885,740   
   

 

 

 

Asset-Backed - Other—0.4%

  

ACE Securities Corp.
0.414%, 02/25/31 (b)

    549,365        512,496   

Asset-Backed - Other—(Continued)

  

Amortizing Residential Collateral Trust
0.836%, 01/01/32 (b)

    68,486      61,773   

Countrywide Home Equity Loan Trust
0.305%, 11/15/36 (b)

    65,519        55,261   

0.435%, 02/15/34 (b)

    353,229        305,718   

0.445%, 02/15/34 (b)

    200,516        176,921   

Countrywide Revolving Home Equity Loan Trust
0.295%, 07/15/36 (b)

    1,487,556        1,166,507   

Fremont Home Loan Trust
0.254%, 08/25/36 (b)

    184,386        72,525   

GMAC Mortgage Corp. Loan Trust
0.334%, 12/25/36 (b)

    695,163        596,341   

0.364%, 11/25/36 (b)

    3,786,087        3,005,332   

GSR Mortgage Loan Trust
0.694%, 11/25/30 (b)

    4,813        611   

Ownit Mortgage Loan Trust
3.494%, 12/25/36

    1,328,251        594,253   

RAAC Series
0.424%, 05/25/36 (144A) (b)

    1,979,869        1,732,102   

SACO I, Inc.
0.414%, 06/25/36 (b)

    1,019,141        1,503,030   

0.454%, 04/25/36 (b)

    405,372        576,969   

0.674%, 06/25/36 (b)

    16,738        22,045   

Soundview Home Loan Trust
5.645%, 10/25/36

    369,019        311,215   

WMC Mortgage Loan Trust
0.787%, 07/20/29 (b)

    26,842        25,364   
   

 

 

 
      10,718,463   
   

 

 

 

Asset-Backed - Student Loan—0.4%

  

NCUA Guaranteed Notes Trust 2010-A1
0.506%, 12/07/20 (b)

    9,334,231        9,346,552   
   

 

 

 

Total Asset-Backed Securities
(Cost $29,766,831)

      23,095,913   
   

 

 

 
Short-Term Investments—10.5%   

Mutual Fund—10.4%

  

State Street Navigator Securities Lending MET Portfolio (f)

    278,182,228        278,182,228   
   

 

 

 

Repurchase Agreement—0.1%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $1,812,000 on 04/01/14, collateralized by $1,880,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $1,852,981.

    1,812,000        1,812,000   
   

 

 

 

Total Short-Term Investments
(Cost $279,994,228)

      279,994,228   
   

 

 

 

Total Investments—119.2%
(Cost $3,178,261,688) (g)

      3,177,750,055   

Other assets and liabilities (net)—(19.2)%

      (512,743,468
   

 

 

 
Net Assets—100.0%     $ 2,665,006,587   
   

 

 

 

 

MSF-209


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) Principal only security.
(e) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $415,730,940 and the collateral received consisted of cash in the amount of $278,182,228 and non-cash collateral with a value of $146,863,900. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(f) Represents investment of cash collateral received from securities lending transactions.
(g) As of March 31, 2014, the aggregate cost of investments was $3,178,261,688. The aggregate unrealized appreciation and depreciation of investments were $43,378,270 and $(43,889,903), respectively, resulting in net unrealized depreciation of $(511,633).
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $96,752,262, which is 3.6% of net assets.
(ARM)— Adjustable-Rate Mortgage
(CMO)— Collateralized Mortgage Obligation
(REMIC)— Real Estate Mortgage Investment Conduit

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation/
(Depreciation)
 

U.S. Treasury Note 5 Year Futures

     06/30/14         549        USD         65,723,534      $ (418,269

Futures Contracts—Short

                                

U.S. Treasury Long Bond Futures

     06/19/14         (865     USD         (113,602,775     (1,631,444

U.S. Treasury Note 10 Year Futures

     06/19/14         (1,308     USD         (162,174,522     636,522   

U.S. Treasury Ultra Bond Futures

     06/19/14         (89     USD         (12,765,773     (91,944
            

 

 

 

Net Unrealized Depreciation

  

  $ (1,505,135
            

 

 

 

 

(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

MSF-210


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 2,328,538,474      $ —         $ 2,328,538,474   

Total Corporate Bonds & Notes*

     —          281,522,985        —           281,522,985   

Total Foreign Government*

     —          146,807,542        —           146,807,542   

Total Mortgage-Backed Securities*

     —          117,790,913        —           117,790,913   

Total Asset-Backed Securities*

     —          23,095,913        —           23,095,913   
Short-Term Investments          

Mutual Fund

     278,182,228        —          —           278,182,228   

Repurchase Agreement

     —          1,812,000        —           1,812,000   

Total Short-Term Investments

     278,182,228        1,812,000        —           279,994,228   

Total Investments

   $ 278,182,228      $ 2,899,567,827      $ —         $ 3,177,750,055   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (278,182,228   $ —         $ (278,182,228
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 636,522      $ —        $ —         $ 636,522   

Futures Contracts (Unrealized Depreciation)

     (2,141,657     —          —           (2,141,657

Total Futures Contracts

   $ (1,505,135   $ —        $ —         $ (1,505,135

 

* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities

   Balance as of
December 31, 2013
     Change in
Unrealized
Appreciation/
(Depreciation)
     Transfers out
of Level 3
    Balance as of
March 31, 2014
     Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held
at March 31, 2014
 

U.S. Treasury & Government Agencies Federal Agencies

   $ 10,000,000       $       $ (10,000,000   $       $   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

U.S. Treasury & Government Agency securities in the amount of $10,000,000 were transferred out of Level 3 due to the initiation of a vendor or broker providing quotations based on market activity which has been determined to be a significant observable input.

 

MSF-211


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—59.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.4%

   

Boeing Co. (The)

    36,500      $ 4,580,385   

Honeywell International, Inc.

    74,950        6,952,362   

Lockheed Martin Corp.

    30,480        4,975,555   

Northrop Grumman Corp.

    9,200        1,135,096   

Precision Castparts Corp.

    10,400        2,628,704   

Raytheon Co.

    51,940        5,131,153   

United Technologies Corp.

    59,710        6,976,516   
   

 

 

 
      32,379,771   
   

 

 

 

Air Freight & Logistics—0.2%

   

FedEx Corp.

    23,100        3,062,136   
   

 

 

 

Airlines—0.4%

   

American Airlines Group, Inc. (a)

    88,000        3,220,800   

Delta Air Lines, Inc.

    34,100        1,181,565   

United Continental Holdings, Inc. (a)

    15,400        687,302   
   

 

 

 
      5,089,667   
   

 

 

 

Automobiles—0.2%

   

Harley-Davidson, Inc.

    43,130        2,872,889   
   

 

 

 

Banks—4.0%

   

Citigroup, Inc.

    407,705        19,406,758   

PNC Financial Services Group, Inc. (The)

    142,100        12,362,700   

Wells Fargo & Co.

    439,910        21,881,123   

Zions Bancorporation

    22,600        700,148   
   

 

 

 
      54,350,729   
   

 

 

 

Beverages—1.5%

   

Anheuser-Busch InBev NV (ADR)

    112,710        11,868,363   

Diageo plc (ADR)

    64,420        8,026,088   

Monster Beverage Corp. (a)

    12,210        847,984   
   

 

 

 
      20,742,435   
   

 

 

 

Biotechnology—2.0%

   

Alkermes plc (a)

    78,975        3,482,008   

Alnylam Pharmaceuticals, Inc. (a) (b)

    11,900        798,966   

Arena Pharmaceuticals, Inc. (a) (b)

    143,195        902,128   

Auspex Pharmaceuticals, Inc. (a) (b)

    8,600        264,536   

BioCryst Pharmaceuticals, Inc. (a)

    104,200        1,102,436   

Exelixis, Inc. (a) (b)

    136,400        482,856   

Genocea Biosciences, Inc. (a) (b)

    30,000        545,700   

Gilead Sciences, Inc. (a)

    73,900        5,236,554   

GlycoMimetics, Inc. (a)

    71,683        1,170,583   

ImmunoGen, Inc. (a) (b)

    23,300        347,869   

Ironwood Pharmaceuticals, Inc. (a) (b)

    74,300        915,376   

Karyopharm Therapeutics, Inc. (a) (b)

    18,100        559,109   

Novavax, Inc. (a) (b)

    104,500        473,385   

NPS Pharmaceuticals, Inc. (a) (b)

    27,100        811,103   

PTC Therapeutics, Inc. (a) (b)

    23,500        614,290   

Puma Biotechnology, Inc. (a)

    7,800        812,292   

Regeneron Pharmaceuticals, Inc. (a) (b)

    17,900        5,375,012   

Seattle Genetics, Inc. (a) (b)

    15,600        710,736   

TESARO, Inc. (a) (b)

    29,000        854,920   

Tetraphase Pharmaceuticals, Inc. (a) (b)

    33,900        369,171   

Biotechnology—(Continued)

   

Trevena, Inc. (a)

    48,460      380,896   

Ultragenyx Pharmaceutical, Inc. (a)

    4,430        216,583   

Versartis, Inc. (a) (b)

    4,100        123,205   
   

 

 

 
      26,549,714   
   

 

 

 

Capital Markets—1.1%

  

Ameriprise Financial, Inc.

    46,500        5,118,255   

Artisan Partners Asset Management, Inc. - Class A

    16,000        1,028,000   

BlackRock, Inc.

    9,740        3,063,035   

LPL Financial Holdings, Inc.

    20,620        1,083,375   

Stifel Financial Corp. (a) (b)

    17,200        855,872   

TD Ameritrade Holding Corp.

    47,400        1,609,230   

UBS AG (a) (b)

    32,200        667,184   

Virtus Investment Partners, Inc. (a)

    5,600        969,752   

WisdomTree Investments, Inc. (a) (b)

    54,500        715,040   
   

 

 

 
      15,109,743   
   

 

 

 

Chemicals—1.0%

  

Cabot Corp.

    41,000        2,421,460   

Celanese Corp. - Series A

    39,000        2,164,890   

Dow Chemical Co. (The)

    65,900        3,202,081   

LyondellBasell Industries NV - Class A

    24,600        2,187,924   

Sherwin-Williams Co. (The)

    21,200        4,179,156   
   

 

 

 
      14,155,511   
   

 

 

 

Communications Equipment—1.9%

  

F5 Networks, Inc. (a)

    22,500        2,399,175   

Juniper Networks, Inc. (a)

    277,000        7,135,520   

QUALCOMM, Inc.

    201,000        15,850,860   
   

 

 

 
      25,385,555   
   

 

 

 

Construction & Engineering—0.1%

  

KBR, Inc.

    68,900        1,838,252   
   

 

 

 

Consumer Finance—0.3%

  

Santander Consumer USA Holdings, Inc. (a)

    183,200        4,411,456   
   

 

 

 

Containers & Packaging—0.6%

  

Ball Corp.

    106,000        5,809,860   

Owens-Illinois, Inc. (a)

    57,100        1,931,693   
   

 

 

 
      7,741,553   
   

 

 

 

Diversified Financial Services—0.2%

  

IntercontinentalExchange Group, Inc.

    12,200        2,413,526   

MSCI, Inc. (a)

    11,910        512,368   
   

 

 

 
      2,925,894   
   

 

 

 

Electric Utilities—1.9%

  

Duke Energy Corp.

    83,490        5,946,158   

Edison International

    30,390        1,720,378   

ITC Holdings Corp. (b)

    32,450        1,212,007   

NextEra Energy, Inc.

    71,720        6,857,866   

Northeast Utilities

    39,730        1,807,715   

 

MSF-212


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electric Utilities—(Continued)

   

NRG Yield, Inc. - Class A (b)

    21,900      $ 865,707   

OGE Energy Corp.

    36,060        1,325,566   

Southern Co. (The) (b)

    148,390        6,520,257   
   

 

 

 
      26,255,654   
   

 

 

 

Electrical Equipment—0.3%

   

Eaton Corp. plc

    55,200        4,146,624   
   

 

 

 

Energy Equipment & Services—0.6%

   

Baker Hughes, Inc.

    4,400        286,088   

Halliburton Co.

    30,200        1,778,478   

Patterson-UTI Energy, Inc.

    73,900        2,341,152   

Superior Energy Services, Inc. (b)

    101,900        3,134,444   
   

 

 

 
      7,540,162   
   

 

 

 

Food & Staples Retailing—1.1%

   

CVS Caremark Corp.

    92,300        6,909,578   

Sprouts Farmers Market, Inc. (a)

    52,800        1,902,384   

Walgreen Co.

    87,800        5,797,434   
   

 

 

 
      14,609,396   
   

 

 

 

Food Products—1.3%

   

Ingredion, Inc.

    57,510        3,915,281   

Kraft Foods Group, Inc.

    57,360        3,217,896   

Mondelez International, Inc. - Class A

    258,000        8,913,900   

SunOpta, Inc. (a) (b)

    135,810        1,603,916   
   

 

 

 
      17,650,993   
   

 

 

 

Gas Utilities—0.1%

   

Atmos Energy Corp.

    32,350        1,524,655   
   

 

 

 

Health Care Equipment & Supplies—1.9%

  

Abbott Laboratories

    82,700        3,184,777   

Covidien plc

    112,800        8,308,848   

Medtronic, Inc.

    120,100        7,390,954   

St. Jude Medical, Inc.

    50,120        3,277,347   

Stryker Corp.

    45,100        3,674,297   
   

 

 

 
      25,836,223   
   

 

 

 

Health Care Providers & Services—1.8%

  

Aetna, Inc.

    50,700        3,800,979   

Cardinal Health, Inc.

    38,200        2,673,236   

HCA Holdings, Inc. (a)

    97,700        5,129,250   

McKesson Corp.

    39,710        7,011,595   

UnitedHealth Group, Inc.

    76,900        6,305,031   
   

 

 

 
      24,920,091   
   

 

 

 

Hotels, Restaurants & Leisure—0.5%

   

Norwegian Cruise Line Holdings, Ltd. (a)

    73,580        2,374,427   

Wyndham Worldwide Corp.

    62,340        4,565,158   
   

 

 

 
      6,939,585   
   

 

 

 

Household Products—0.2%

   

Colgate-Palmolive Co.

    38,500        2,497,495   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.3%

  

Calpine Corp. (a)

    143,280      2,995,985   

Pattern Energy Group, Inc. (b)

    29,000        786,770   
   

 

 

 
      3,782,755   
   

 

 

 

Industrial Conglomerates—0.4%

   

Danaher Corp.

    77,200        5,790,000   
   

 

 

 

Insurance—3.0%

   

Aflac, Inc.

    58,350        3,678,384   

Allstate Corp. (The)

    85,100        4,814,958   

American International Group, Inc.

    179,990        9,001,300   

Aon plc

    32,900        2,772,812   

Hartford Financial Services Group, Inc. (The) (b)

    123,100        4,341,737   

Marsh & McLennan Cos., Inc.

    113,200        5,580,760   

Principal Financial Group, Inc.

    14,400        662,256   

Prudential Financial, Inc.

    57,000        4,825,050   

XL Group plc

    152,700        4,771,875   
   

 

 

 
      40,449,132   
   

 

 

 

Internet & Catalog Retail—2.0%

   

Amazon.com, Inc. (a)

    25,030        8,423,096   

Netflix, Inc. (a)

    22,290        7,846,749   

priceline.com, Inc. (a)

    9,070        10,810,442   
   

 

 

 
      27,080,287   
   

 

 

 

Internet Software & Services—3.3%

   

Akamai Technologies, Inc. (a)

    29,180        1,698,568   

eBay, Inc. (a)

    33,020        1,824,025   

Envestnet, Inc. (a)

    8,100        325,458   

Facebook, Inc. - Class A (a)

    207,800        12,517,872   

Google, Inc. - Class A (a)

    20,680        23,048,066   

Pandora Media, Inc. (a)

    155,740        4,722,037   
   

 

 

 
      44,136,026   
   

 

 

 

IT Services—2.4%

   

Accenture plc - Class A

    75,020        5,980,594   

Automatic Data Processing, Inc.

    69,800        5,392,748   

CACI International, Inc. - Class A (a) (b)

    10,460        771,948   

Cognizant Technology Solutions Corp. - Class A (a)

    89,600        4,534,656   

EVERTEC, Inc. (b)

    56,340        1,391,598   

Global Payments, Inc.

    28,580        2,032,324   

Heartland Payment Systems, Inc. (b)

    58,230        2,413,634   

Visa, Inc. - Class A

    32,700        7,058,622   

WEX, Inc. (a)

    25,060        2,381,953   
   

 

 

 
      31,958,077   
   

 

 

 

Leisure Products—0.1%

   

Arctic Cat, Inc. (b)

    17,035        814,103   
   

 

 

 

Life Sciences Tools & Services—0.2%

   

Agilent Technologies, Inc.

    37,600        2,102,592   
   

 

 

 

 

MSF-213


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Machinery—1.1%

   

Dover Corp.

    36,600      $ 2,992,050   

Illinois Tool Works, Inc.

    63,100        5,131,923   

Luxfer Holdings plc (ADR)

    82,500        1,615,350   

Pentair, Ltd.

    60,500        4,800,070   
   

 

 

 
      14,539,393   
   

 

 

 

Media—2.8%

   

Charter Communications, Inc. - Class A (a)

    22,700        2,796,640   

Comcast Corp. - Class A

    116,100        5,807,322   

DIRECTV (a)

    164,700        12,586,374   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    75,850        2,013,817   

Interpublic Group of Cos., Inc. (The)

    186,414        3,195,136   

Time Warner, Inc.

    36,275        2,369,846   

Walt Disney Co. (The)

    121,545        9,732,108   
   

 

 

 
      38,501,243   
   

 

 

 

Metals & Mining—0.2%

   

Allegheny Technologies, Inc.

    19,900        749,832   

Carpenter Technology Corp. (b)

    24,500        1,617,980   

Nucor Corp.

    6,995        353,527   

Universal Stainless & Alloy Products, Inc. (a) (b)

    4,670        157,706   
   

 

 

 
      2,879,045   
   

 

 

 

Multi-Utilities—0.4%

   

Ameren Corp.

    60,530        2,493,836   

PG&E Corp.

    53,700        2,319,840   
   

 

 

 
      4,813,676   
   

 

 

 

Multiline Retail—0.5%

   

Dollar Tree, Inc. (a)

    120,680        6,297,082   
   

 

 

 

Oil, Gas & Consumable Fuels—4.6%

   

Alon USA Energy, Inc. (b)

    161,200        2,408,328   

Anadarko Petroleum Corp.

    49,350        4,182,906   

Cabot Oil & Gas Corp.

    125,930        4,266,508   

Chevron Corp.

    56,570        6,726,739   

Cobalt International Energy, Inc. (a)

    497,691        9,117,699   

Concho Resources, Inc. (a)

    23,330        2,857,925   

CONSOL Energy, Inc.

    43,300        1,729,835   

Enbridge, Inc.

    129,520        5,894,455   

EOG Resources, Inc.

    2,310        453,153   

Exxon Mobil Corp.

    73,970        7,225,390   

HollyFrontier Corp.

    45,610        2,170,124   

Laredo Petroleum, Inc. (a) (b)

    90,740        2,346,536   

Pioneer Natural Resources Co. (b)

    37,780        7,070,149   

Rice Energy, Inc. (a)

    68,690        1,812,729   

Spectra Energy Corp.

    60,350        2,229,329   

Valero Energy Corp.

    30,230        1,605,213   

Western Refining, Inc. (b)

    21,730        838,778   
   

 

 

 
      62,935,796   
   

 

 

 

Paper & Forest Products—0.2%

   

International Paper Co.

    73,100        3,353,828   
   

 

 

 

Personal Products—0.2%

   

Coty, Inc. - Class A (b)

    112,460      1,684,651   

Nu Skin Enterprises, Inc. - Class A

    13,340        1,105,219   
   

 

 

 
      2,789,870   
   

 

 

 

Pharmaceuticals—3.3%

   

Achaogen, Inc. (a) (b)

    42,800        661,688   

Actavis plc (a)

    22,800        4,693,380   

Aerie Pharmaceuticals, Inc. (a) (b)

    15,880        336,497   

Bristol-Myers Squibb Co.

    132,000        6,857,400   

Eli Lilly & Co.

    73,500        4,326,210   

Forest Laboratories, Inc. (a)

    71,860        6,630,522   

Johnson & Johnson

    83,100        8,162,913   

Merck & Co., Inc.

    173,700        9,860,949   

Relypsa, Inc. (a) (b)

    32,900        980,749   

Zoetis, Inc.

    65,120        1,884,573   
   

 

 

 
      44,394,881   
   

 

 

 

Professional Services—0.6%

  

Equifax, Inc. (b)

    40,215        2,735,826   

Manpowergroup, Inc.

    25,390        2,001,494   

Nielsen Holdings NV

    50,200        2,240,426   

TriNet Group, Inc. (a)

    64,300        1,370,233   
   

 

 

 
      8,347,979   
   

 

 

 

Real Estate Investment Trusts—1.4%

  

American Tower Corp.

    50,450        4,130,342   

AvalonBay Communities, Inc.

    24,600        3,230,472   

Public Storage

    16,190        2,727,853   

Simon Property Group, Inc.

    26,130        4,285,320   

Weyerhaeuser Co.

    136,000        3,991,600   
   

 

 

 
      18,365,587   
   

 

 

 

Road & Rail—0.3%

  

Genesee & Wyoming, Inc. - Class A (a)

    9,000        875,880   

J.B. Hunt Transport Services, Inc.

    15,100        1,085,992   

Kansas City Southern

    17,400        1,775,844   
   

 

 

 
      3,737,716   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.9%

  

Applied Materials, Inc.

    40,170        820,271   

Broadcom Corp. - Class A

    58,780        1,850,394   

First Solar, Inc. (a) (b)

    4,640        323,826   

Freescale Semiconductor, Ltd. (a) (b)

    325,080        7,935,203   

Lam Research Corp. (a)

    14,390        791,450   

Maxim Integrated Products, Inc.

    19,090        632,261   
   

 

 

 
      12,353,405   
   

 

 

 

Software—0.4%

   

Activision Blizzard, Inc.

    105,800        2,162,552   

Autodesk, Inc. (a)

    5,420        266,556   

Cadence Design Systems, Inc. (a) (b)

    52,500        815,850   

MICROS Systems, Inc. (a)

    36,600        1,937,238   
   

 

 

 
      5,182,196   
   

 

 

 

 

MSF-214


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Specialty Retail—2.1%

  

Advance Auto Parts, Inc.

    30,960      $ 3,916,440   

AutoZone, Inc. (a)

    13,770        7,395,867   

Lowe’s Cos., Inc.

    211,350        10,335,015   

Ross Stores, Inc.

    70,770        5,063,594   

Signet Jewelers, Ltd.

    19,240        2,036,746   
   

 

 

 
      28,747,662   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.0%

  

Apple, Inc.

    25,960        13,933,770   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.7%

  

Lululemon Athletica, Inc. (a) (b)

    66,300        3,486,717   

PVH Corp.

    38,300        4,778,691   

Ralph Lauren Corp.

    8,400        1,351,812   
   

 

 

 
      9,617,220   
   

 

 

 

Tobacco—1.9%

   

Altria Group, Inc.

    287,900        10,776,097   

Lorillard, Inc. (b)

    191,260        10,343,341   

Philip Morris International, Inc.

    50,200        4,109,874   
   

 

 

 
      25,229,312   
   

 

 

 

Total Common Stocks
(Cost $757,829,372)

      810,668,816   
   

 

 

 
U.S. Treasury & Government Agencies—22.0%   

Agency Sponsored Mortgage-Backed—17.1%

  

Fannie Mae 15 Yr. Pool
2.500%, 09/01/27

    5,222,275        5,235,729   

3.000%, 07/01/28

    3,449,608        3,549,322   

3.500%, 07/01/28

    508,241        534,163   

3.500%, 11/01/28

    1,973,541        2,070,154   

4.000%, 04/01/26

    99,640        105,912   

4.500%, 08/01/18

    1,006,703        1,066,870   

4.500%, 06/01/24

    768,334        816,903   

4.500%, 02/01/25

    227,396        244,330   

4.500%, 04/01/25

    30,889        33,193   

4.500%, 07/01/25

    161,854        173,947   

4.500%, 06/01/26

    3,274,064        3,516,301   

5.000%, TBA (c)

    1,500,000        1,595,859   

Fannie Mae 30 Yr. Pool
3.000%, 02/01/43

    1,233,979        1,193,123   

3.000%, 03/01/43

    3,512,362        3,394,978   

3.000%, 04/01/43

    2,761,853        2,669,633   

3.000%, 05/01/43

    4,616,245        4,462,752   

3.000%, 06/01/43

    464,757        449,532   

3.000%, TBA (c)

    2,000,000        1,930,312   

3.500%, 03/01/43

    98,739        99,428   

3.500%, 05/01/43

    192,421        193,762   

3.500%, 06/01/43

    684,593        689,744   

3.500%, 07/01/43

    1,081,751        1,089,677   

3.500%, 08/01/43

    1,666,926        1,679,309   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
3.500%, TBA (c)

    25,600,000      25,752,000   

4.000%, 05/01/42

    91,750        95,831   

4.000%, 02/01/43

    363,825        379,612   

4.000%, 08/01/43

    555,377        578,398   

4.000%, 09/01/43

    145,669        151,666   

4.000%, 10/01/43

    363,503        378,661   

4.000%, 11/01/43

    1,099,378        1,147,798   

4.000%, 12/01/43

    1,288,453        1,342,116   

4.000%, 01/01/44

    3,076,863        3,212,264   

4.500%, 09/01/41

    161,948        172,814   

4.500%, 08/01/42

    248,022        264,826   

4.500%, 09/01/43

    4,136,104        4,413,981   

4.500%, 10/01/43

    587,418        626,791   

4.500%, 12/01/43

    492,614        526,033   

4.500%, 01/01/44

    1,096,120        1,176,530   

4.500%, TBA (c)

    9,900,000        10,533,203   

5.000%, 04/01/33

    11,600        12,724   

5.000%, 07/01/33

    30,025        32,913   

5.000%, 09/01/33

    490,303        537,519   

5.000%, 11/01/33

    118,580        129,989   

5.000%, 12/01/33

    48,656        53,352   

5.000%, 02/01/34

    21,123        23,207   

5.000%, 03/01/34

    10,159        11,119   

5.000%, 04/01/34

    10,162        11,120   

5.000%, 06/01/34

    9,129        9,978   

5.000%, 07/01/34

    148,252        161,897   

5.000%, 10/01/34

    393,274        431,942   

5.000%, 07/01/35

    252,966        276,437   

5.000%, 10/01/35

    286,549        314,027   

5.000%, 12/01/35

    220,141        240,417   

5.000%, 08/01/36

    212,369        231,884   

5.000%, 07/01/37

    102,195        112,067   

5.000%, 07/01/41

    155,705        170,509   

5.000%, 08/01/41

    112,895        123,516   

5.000%, TBA (c)

    1,100,000        1,199,258   

5.500%, 08/01/28

    33,177        36,572   

5.500%, 04/01/33

    124,935        138,920   

5.500%, 08/01/37

    791,450        879,443   

5.500%, 04/01/41

    80,226        89,106   

5.500%, TBA (c)

    4,900,000        5,410,863   

6.000%, 03/01/28

    11,569        12,974   

6.000%, 05/01/28

    16,458        18,325   

6.000%, 06/01/28

    2,591        2,885   

6.000%, 02/01/34

    493,735        555,159   

6.000%, 08/01/34

    271,612        305,400   

6.000%, 04/01/35

    2,212,794        2,487,707   

6.000%, 02/01/38

    209,322        233,702   

6.000%, 03/01/38

    80,250        89,686   

6.000%, 05/01/38

    236,571        264,317   

6.000%, 10/01/38

    70,016        78,199   

6.000%, 12/01/38

    88,036        98,315   

6.000%, TBA (c)

    1,600,000        1,783,188   

6.500%, 05/01/40

    1,883,045        2,112,377   

 

MSF-215


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae ARM Pool
3.001%, 03/01/41 (d)

    200,490      $ 212,279   

3.144%, 03/01/41 (d)

    262,228        276,310   

3.213%, 12/01/40 (d)

    427,753        449,686   

3.347%, 06/01/41 (d)

    523,712        551,654   

3.493%, 09/01/41 (d)

    382,056        403,183   

Fannie Mae Pool
3.650%, 08/01/23

    1,885,667        1,957,669   

3.780%, 10/01/23

    2,238,095        2,338,531   

3.810%, 11/01/23

    646,960        676,984   

Fannie Mae-ACES
2.392%, 01/25/22 (d) (e)

    1,791,363        225,354   

3.329%, 10/25/23 (d)

    505,000        508,000   

Freddie Mac 15 Yr. Gold Pool
2.500%, 11/01/28

    2,275,278        2,276,510   

3.000%, 07/01/28

    1,281,807        1,318,209   

3.500%, TBA (c)

    1,500,000        1,569,141   

4.000%, TBA (c)

    2,100,000        2,216,484   

Freddie Mac 30 Yr. Gold Pool
3.000%, 03/01/43

    572,250        552,475   

3.000%, 04/01/43

    3,072,261        2,966,090   

3.000%, 08/01/43

    1,374,498        1,326,998   

3.000%, TBA (c)

    2,900,000        2,794,988   

3.500%, 04/01/42

    391,746        394,540   

3.500%, 08/01/42

    317,182        319,504   

3.500%, 09/01/42

    179,818        180,933   

3.500%, 11/01/42

    361,197        363,322   

3.500%, 04/01/43

    1,131,216        1,138,234   

3.500%, 06/01/43

    7,635,502        7,679,658   

3.500%, 12/01/43

    1,087,971        1,094,728   

4.000%, 01/01/44

    4,359,342        4,524,340   

4.000%, TBA (c)

    12,900,000        13,382,238   

4.500%, 09/01/43

    375,994        401,886   

4.500%, 11/01/43

    4,053,666        4,328,788   

4.500%, TBA (c)

    500,000        532,969   

5.000%, 09/01/39

    3,331,323        3,614,110   

5.500%, 07/01/33

    360,594        399,164   

5.500%, 04/01/39

    189,202        207,690   

5.500%, 06/01/41

    701,752        770,323   

Freddie Mac ARM Non-Gold Pool
3.032%, 02/01/41 (d)

    410,950        435,511   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.511%, 06/25/22 (d) (e)

    1,961,238        188,338   

1.555%, 12/25/18 (d) (e)

    3,234,067        203,232   

1.741%, 03/25/22 (d) (e)

    1,510,623        160,711   

1.782%, 05/25/19 (d) (e)

    2,528,626        194,821   

2.637%, 01/25/23

    1,525,000        1,474,344   

Ginnie Mae (CMO)
1.016%, 02/16/53 (d) (e)

    3,346,831        241,159   

Ginnie Mae I 15 Yr. Pool
7.500%, 12/15/14

    9,056        9,135   

Ginnie Mae I 30 Yr. Pool
3.000%, TBA (c)

    1,400,000        1,376,594   

4.000%, 09/15/42

    2,261,782        2,381,506   

4.500%, 04/15/41

    2,047,226        2,215,456   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
4.500%, 02/15/42

    4,197,143      4,535,685   

5.000%, 12/15/38

    142,975        156,609   

5.000%, 04/15/39

    3,334,652        3,650,268   

5.000%, 07/15/39

    291,437        318,593   

5.000%, 12/15/40

    420,002        460,909   

5.500%, 12/15/40

    1,437,436        1,592,887   

9.000%, 11/15/19

    6,355        6,386   

Ginnie Mae II 30 Yr. Pool
3.000%, 03/20/43

    4,537,545        4,473,845   

3.500%, 10/20/43

    7,627,559        7,796,323   

4.000%, 11/20/43

    4,419,693        4,651,585   

4.000%, TBA (c)

    23,200,000        24,378,124   

4.500%, TBA (c)

    2,000,000        2,155,938   

5.000%, 10/20/39

    70,372        76,823   
   

 

 

 
      231,316,224   
   

 

 

 

Federal Agencies—0.1%

  

Federal Home Loan Bank
5.500%, 07/15/36 (b)

    360,000        439,675   

Tennessee Valley Authority
5.980%, 04/01/36

    430,000        531,275   
   

 

 

 
      970,950   
   

 

 

 

U.S. Treasury—4.8%

  

U.S. Treasury Bonds
2.750%, 08/15/42 (f)

    1,115,000        951,931   

2.750%, 11/15/42

    55,000        46,862   

3.750%, 11/15/43

    12,814,000        13,266,488   

5.375%, 02/15/31

    20,000        25,584   

U.S. Treasury Inflation Indexed Bonds
1.375%, 02/15/44

    5,569,758        5,683,766   

U.S. Treasury Inflation Indexed Notes
0.125%, 04/15/18

    21,804,290        22,305,113   

0.125%, 01/15/23 (b)

    1,003,147        970,623   

0.625%, 01/15/24

    21,250,668        21,323,728   
   

 

 

 
      64,574,095   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $297,257,833)

      296,861,269   
   

 

 

 
Corporate Bonds & Notes—10.8%   

Agriculture—0.0%

   

Altria Group, Inc.
4.000%, 01/31/24

    275,000        275,521   
   

 

 

 

Apparel—0.0%

   

William Carter Co. (The)
5.250%, 08/15/21 (144A)

    400,000        411,500   
   

 

 

 

Auto Manufacturers—0.0%

   

General Motors Co.
6.250%, 10/02/43 (144A)

    185,000        200,263   
   

 

 

 

 

MSF-216


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—4.2%

   

Bank of America Corp.
2.600%, 01/15/19

    267,000      $ 268,053   

3.300%, 01/11/23

    1,882,000        1,814,415   

4.000%, 04/01/24

    1,120,000        1,118,682   

4.100%, 07/24/23

    2,191,000        2,222,366   

4.125%, 01/22/24

    1,075,000        1,087,114   

6.050%, 05/16/16

    950,000        1,038,357   

Bank of Tokyo-Mitsubishi UFJ, Ltd. (The)
2.300%, 03/10/19 (144A)

    675,000        672,759   

3.750%, 03/10/24 (144A) (b)

    255,000        256,588   

Barclays Bank plc
2.500%, 02/20/19

    1,500,000        1,502,619   

6.050%, 12/04/17 (144A)

    2,325,000        2,605,734   

BNP Paribas S.A.
2.400%, 12/12/18

    2,100,000        2,099,824   

BPCE S.A.
5.150%, 07/21/24 (144A) (b)

    2,675,000        2,661,194   

Capital One Financial Corp.
6.150%, 09/01/16

    1,575,000        1,757,716   

CIT Group, Inc.
5.500%, 02/15/19 (144A)

    540,000        581,850   

Citigroup, Inc.
1.700%, 07/25/16

    525,000        530,962   

3.375%, 03/01/23

    2,886,000        2,790,892   

4.450%, 01/10/17

    269,000        290,527   

5.500%, 09/13/25

    2,150,000        2,290,176   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
4.625%, 12/01/23

    1,050,000        1,080,508   

Goldman Sachs Group, Inc. (The)
1.833%, 11/29/23 (d)

    864,000        883,313   

2.625%, 01/31/19

    1,265,000        1,261,759   

3.625%, 02/07/16

    331,000        346,650   

3.625%, 01/22/23

    552,000        543,006   

4.000%, 03/03/24

    395,000        393,249   

5.750%, 01/24/22

    434,000        492,121   

6.750%, 10/01/37

    1,375,000        1,575,089   

HSBC Holdings plc
4.250%, 03/14/24 (b)

    845,000        846,040   

5.250%, 03/14/44

    280,000        283,124   

JPMorgan Chase & Co.
3.200%, 01/25/23

    1,107,000        1,073,425   

3.250%, 09/23/22

    391,000        385,171   

3.375%, 05/01/23

    2,575,000        2,437,544   

3.875%, 02/01/24 (b)

    625,000        630,608   

4.750%, 03/01/15

    667,000        692,191   

6.000%, 01/15/18

    725,000        832,092   

6.750%, 02/01/24 (d)

    388,000        408,370   

LBI HF
6.100%, 08/25/11 (144A) (g)

    320,000        29,200   

Mizuho Financial Group Cayman 3, Ltd.
4.600%, 03/27/24 (144A) (b)

    865,000        868,819   

Morgan Stanley
2.500%, 01/24/19 (b)

    1,155,000        1,151,783   

3.800%, 04/29/16

    345,000        363,374   

5.000%, 11/24/25

    1,207,000        1,241,906   

Banks—(Continued)

   

Morgan Stanley
5.750%, 01/25/21

    550,000      629,965   

6.250%, 08/28/17

    1,000,000        1,144,479   

PNC Bank N.A.
3.800%, 07/25/23

    675,000        681,042   

PNC Funding Corp.
5.250%, 11/15/15

    1,000,000        1,067,808   

Royal Bank of Scotland Group plc
2.550%, 09/18/15

    1,775,000        1,812,646   

6.125%, 12/15/22

    1,210,000        1,267,205   

Santander U.S. Debt S.A. Unipersonal
3.724%, 01/20/15 (144A)

    1,000,000        1,019,070   

Sumitomo Mitsui Financial Group, Inc.
4.436%, 04/02/24 (144A)

    1,275,000        1,276,184   

UBS AG
7.625%, 08/17/22

    250,000        293,222   

Wells Fargo & Co.
1.500%, 07/01/15

    331,000        334,852   

2.150%, 01/15/19 (b)

    302,000        301,293   

4.125%, 08/15/23 (b)

    2,890,000        2,923,651   

5.375%, 11/02/43

    274,000        288,629   
   

 

 

 
      56,449,216   
   

 

 

 

Biotechnology—0.1%

   

Amgen, Inc.
5.650%, 06/15/42

    236,000        261,654   

Gilead Sciences, Inc.
3.700%, 04/01/24

    625,000        625,262   
   

 

 

 
      886,916   
   

 

 

 

Building Materials—0.0%

   

Building Materials Corp. of America
6.750%, 05/01/21 (144A)

    270,000        292,950   
   

 

 

 

Chemicals—0.1%

   

CF Industries, Inc.
5.150%, 03/15/34

    1,060,000        1,089,894   
   

 

 

 

Coal—0.0%

   

Peabody Energy Corp.
6.500%, 09/15/20

    360,000        371,700   
   

 

 

 

Commercial Services—0.1%

   

ADT Corp. (The)
6.250%, 10/15/21 (144A) (b)

    250,000        256,875   

Deluxe Corp.
7.000%, 03/15/19

    210,000        225,750   

Sotheby’s
5.250%, 10/01/22 (144A)

    290,000        283,475   
   

 

 

 
      766,100   
   

 

 

 

Computers—0.2%

   

Hewlett-Packard Co.
4.650%, 12/09/21 (b)

    1,750,000        1,851,288   

 

MSF-217


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Computers—(Continued)

   

NCR Corp.
4.625%, 02/15/21

    240,000      $ 241,200   
   

 

 

 
      2,092,488   
   

 

 

 

Diversified Financial Services—0.6%

   

Discover Financial Services
3.850%, 11/21/22

    768,000        753,888   

Ford Motor Credit Co. LLC
4.375%, 08/06/23 (b)

    233,000        240,398   

General Electric Capital Corp.
2.950%, 05/09/16

    750,000        781,269   

5.300%, 02/11/21

    1,825,000        2,052,665   

6.250%, 12/15/22 (d)

    600,000        642,000   

General Motors Financial Co., Inc.
4.750%, 08/15/17

    1,215,000        1,298,531   

Icahn Enterprises L.P. / Icahn Enterprises Finance Corp.
3.500%, 03/15/17 (144A)

    115,000        116,150   

4.875%, 03/15/19 (144A)

    155,000        157,712   

6.000%, 08/01/20 (144A)

    185,000        196,100   

International Lease Finance Corp.
5.875%, 04/01/19 (b)

    810,000        884,925   

Lehman Brothers Holdings Capital Trust VII
5.857%, 05/01/14 (g)

    325,000        33   

Lehman Brothers Holdings, Inc.
6.500%, 07/19/17 (g)

    1,770,000        177   

6.750%, 12/28/17 (g)

    2,505,000        251   

SLM Corp.
5.500%, 01/15/19

    520,000        549,900   

7.250%, 01/25/22

    290,000        319,725   
   

 

 

 
      7,993,724   
   

 

 

 

Electric—0.3%

   

Calpine Corp.
7.500%, 02/15/21 (144A)

    390,000        426,075   

DPL, Inc.
7.250%, 10/15/21

    350,000        361,375   

Georgia Power Co.
3.000%, 04/15/16

    1,051,000        1,097,322   

MidAmerican Energy Holdings Co.
6.500%, 09/15/37

    1,121,000        1,386,338   

Pacific Gas & Electric Co.
3.750%, 02/15/24 (b)

    360,000        359,273   

Xcel Energy, Inc.
6.500%, 07/01/36

    425,000        539,728   
   

 

 

 
      4,170,111   
   

 

 

 

Engineering & Construction—0.0%

   

Odebrecht Offshore Drilling Finance, Ltd.
6.750%, 10/01/22 (144A)

    5,619        5,829   
   

 

 

 

Environmental Control—0.0%

  

Clean Harbors, Inc.
5.250%, 08/01/20

    210,000        216,300   
   

 

 

 

Healthcare-Services—0.3%

  

Aetna, Inc.
2.200%, 03/15/19

    560,000      555,274   

CHS/Community Health Systems, Inc.
5.125%, 08/01/21 (144A)

    150,000        153,750   

HCA, Inc.
6.500%, 02/15/20

    810,000        907,200   

Tenet Healthcare Corp.
6.000%, 10/01/20 (144A)

    460,000        492,200   

UnitedHealth Group, Inc.
3.375%, 11/15/21

    221,000        223,892   

WellPoint, Inc.
1.875%, 01/15/18

    624,000        619,328   

2.300%, 07/15/18

    1,047,000        1,049,897   
   

 

 

 
      4,001,541   
   

 

 

 

Holding Companies-Diversified—0.1%

  

Hutchison Whampoa International 12 II, Ltd.
2.000%, 11/08/17 (144A)

    1,475,000        1,483,677   
   

 

 

 

Home Builders—0.0%

  

Lennar Corp.
4.500%, 06/15/19

    215,000        218,762   

Ryland Group, Inc. (The)
5.375%, 10/01/22

    240,000        238,200   
   

 

 

 
      456,962   
   

 

 

 

Insurance—0.5%

  

American International Group, Inc.
3.800%, 03/22/17

    1,123,000        1,201,498   

5.450%, 05/18/17

    485,000        541,232   

Marsh & McLennan Cos., Inc.
2.550%, 10/15/18

    525,000        531,825   

Massachusetts Mutual Life Insurance Co.
8.875%, 06/01/39 (144A)

    325,000        494,256   

Nationwide Mutual Insurance Co.
9.375%, 08/15/39 (144A)

    1,275,000        1,875,064   

Prudential Financial, Inc.
4.750%, 09/17/15

    842,000        889,525   

Teachers Insurance & Annuity Association of America
6.850%, 12/16/39 (144A)

    826,000        1,083,905   
   

 

 

 
      6,617,305   
   

 

 

 

Internet—0.0%

  

Equinix, Inc.
4.875%, 04/01/20

    230,000        235,175   
   

 

 

 

Iron/Steel—0.0%

  

United States Steel Corp.
7.375%, 04/01/20

    5,000        5,463   
   

 

 

 

Machinery-Diversified—0.1%

  

Case New Holland Industrial, Inc.
7.875%, 12/01/17

    660,000        773,850   
   

 

 

 

 

MSF-218


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—1.0%

  

21st Century Fox America, Inc.
6.150%, 03/01/37

    825,000      $ 953,988   

CBS Corp.
5.750%, 04/15/20

    154,000        174,923   

Comcast Corp.
3.600%, 03/01/24 (b)

    380,000        382,058   

4.750%, 03/01/44

    245,000        248,683   

COX Communications, Inc.
8.375%, 03/01/39 (144A)

    1,000,000        1,311,918   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.
3.800%, 03/15/22

    254,000        251,343   

5.000%, 03/01/21

    291,000        312,875   

5.150%, 03/15/42

    439,000        415,027   

DISH DBS Corp.
7.875%, 09/01/19

    490,000        579,425   

Gannett Co., Inc.
5.125%, 10/15/19 (144A)

    550,000        575,438   

NBCUniversal Media LLC
4.375%, 04/01/21

    979,000        1,062,437   

5.150%, 04/30/20

    601,000        678,971   

Time Warner Cable, Inc.
5.000%, 02/01/20

    710,000        775,393   

8.250%, 04/01/19

    626,000        779,969   

8.750%, 02/14/19

    669,000        846,300   

Time Warner, Inc.
5.875%, 11/15/16

    475,000        532,289   

6.500%, 11/15/36

    1,325,000        1,570,978   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
5.500%, 01/15/23 (144A)

    450,000        459,000   

Viacom, Inc.
2.200%, 04/01/19

    655,000        649,423   

5.625%, 09/15/19

    775,000        877,340   
   

 

 

 
      13,437,778   
   

 

 

 

Oil & Gas—0.6%

  

Anadarko Petroleum Corp.
6.375%, 09/15/17

    900,000        1,030,334   

Cenovus Energy, Inc.
5.200%, 09/15/43

    1,625,000        1,706,786   

CNPC General Capital, Ltd.
1.450%, 04/16/16 (144A)

    1,300,000        1,298,697   

Harvest Operations Corp.
6.875%, 10/01/17

    210,000        226,800   

Lukoil International Finance B.V.
3.416%, 04/24/18 (144A)

    1,150,000        1,118,663   

Nexen Energy ULC
5.875%, 03/10/35

    30,000        32,741   

Petrobras International Finance Co.
3.875%, 01/27/16

    1,835,000        1,884,433   

Petroleos Mexicanos
5.500%, 06/27/44

    425,000        410,125   

Tesoro Corp.
5.125%, 04/01/24 (b)

    30,000        29,850   
   

 

 

 
      7,738,429   
   

 

 

 

Pharmaceuticals—0.0%

  

McKesson Corp.
2.284%, 03/15/19

    350,000      347,118   

3.796%, 03/15/24

    270,000        270,251   
   

 

 

 
      617,369   
   

 

 

 

Pipelines—0.5%

   

El Paso LLC
7.250%, 06/01/18

    515,000        585,857   

Energy Transfer Equity L.P.
7.500%, 10/15/20

    390,000        446,062   

Energy Transfer Partners L.P.
4.150%, 10/01/20

    992,000        1,023,708   

4.900%, 02/01/24

    525,000        546,395   

6.500%, 02/01/42

    975,000        1,104,999   

Enterprise Products Operating LLC
3.900%, 02/15/24

    1,210,000        1,216,325   

Kinder Morgan Energy Partners L.P.
5.500%, 03/01/44

    1,155,000        1,181,125   

Williams Partners L.P.
4.300%, 03/04/24 (b)

    695,000        698,082   
   

 

 

 
      6,802,553   
   

 

 

 

Real Estate—0.0%

   

Kennedy-Wilson, Inc.
5.875%, 04/01/24

    230,000        230,000   
   

 

 

 

Real Estate Investment Trusts—1.0%

   

American Tower Corp.
5.000%, 02/15/24

    575,000        598,865   

Brandywine Operating Partnership L.P.
3.950%, 02/15/23

    875,000        859,267   

Duke Realty L.P.
3.625%, 04/15/23 (b)

    550,000        522,667   

HCP, Inc.
2.625%, 02/01/20

    1,750,000        1,709,470   

Health Care REIT, Inc.
4.125%, 04/01/19 (b)

    1,750,000        1,854,092   

4.500%, 01/15/24

    500,000        514,948   

Kimco Realty Corp.
3.125%, 06/01/23

    1,400,000        1,309,386   

Liberty Property L.P.
4.125%, 06/15/22

    525,000        532,486   

Prologis L.P.
3.350%, 02/01/21

    2,675,000        2,646,377   

Realty Income Corp.
4.650%, 08/01/23

    1,025,000        1,072,555   

UDR, Inc.
3.700%, 10/01/20

    400,000        406,002   

Ventas Realty L.P. / Ventas Capital Corp.
2.700%, 04/01/20

    1,645,000        1,601,202   

3.125%, 11/30/15

    500,000        518,856   
   

 

 

 
      14,146,173   
   

 

 

 

 

MSF-219


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Retail—0.2%

   

AutoZone, Inc.
3.700%, 04/15/22

    1,575,000      $ 1,579,862   

CVS Caremark Corp.
2.750%, 12/01/22

    775,000        731,074   

5.300%, 12/05/43

    102,000        112,590   
   

 

 

 
      2,423,526   
   

 

 

 

Semiconductors—0.1%

  

TSMC Global, Ltd.
1.625%, 04/03/18 (144A)

    1,400,000        1,357,209   
   

 

 

 

Software—0.1%

   

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    420,000        449,400   

Audatex North America, Inc.
6.000%, 06/15/21 (144A)

    220,000        234,850   
   

 

 

 
      684,250   
   

 

 

 

Telecommunications—0.6%

  

SoftBank Corp.
4.500%, 04/15/20 (144A)

    380,000        378,100   

Sprint Communications, Inc.
7.000%, 03/01/20 (144A)

    540,000        622,350   

T-Mobile USA, Inc.
6.464%, 04/28/19

    440,000        470,800   

6.731%, 04/28/22

    400,000        428,500   

Telefonica Emisiones S.A. Unipersonal
3.992%, 02/16/16

    250,000        262,149   

Verizon Communications, Inc.
3.450%, 03/15/21

    365,000        369,997   

3.650%, 09/14/18

    1,656,000        1,762,865   

5.150%, 09/15/23

    403,000        441,011   

6.550%, 09/15/43

    2,797,000        3,403,767   

Wind Acquisition Finance S.A.
7.250%, 02/15/18 (144A)

    290,000        305,950   
   

 

 

 
      8,445,489   
   

 

 

 

Transportation—0.1%

  

Burlington Northern Santa Fe LLC
3.000%, 03/15/23

    146,000        137,798   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.
4.875%, 07/11/22 (144A)

    1,425,000        1,509,487   

Ryder System, Inc.
2.550%, 06/01/19

    365,000        362,703   
   

 

 

 
      2,009,988   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $149,592,367)

      146,689,249   
   

 

 

 
Mortgage-Backed Securities—5.2%   

Collateralized Mortgage Obligations—2.0%

  

Banc of America Funding Trust
0.387%, 02/20/47 (d)

    1,770,500        1,504,930   

Collateralized Mortgage Obligations—(Continued)

  

Bear Stearns Adjustable Rate Mortgage Trust
2.749%, 07/25/36 (d)

    1,024,422      860,232   

Bear Stearns Mortgage Funding Trust
0.354%, 02/25/37 (d)

    1,201,315        807,868   

Countrywide Alternative Loan Trust
0.474%, 11/25/35 (d)

    267,383        211,882   

0.604%, 10/25/36 (d)

    278,129        200,785   

0.954%, 12/25/35 (d)

    1,431,908        1,165,922   

5.500%, 11/25/35

    1,793,604        1,555,878   

6.000%, 05/25/37

    364,058        288,852   

6.500%, 09/25/37

    3,082,487        2,506,133   

Countrywide Home Loan Mortgage Pass-Through Trust
0.354%, 04/25/46 (d)

    547,955        432,714   

0.494%, 02/25/35 (d)

    288,890        256,029   

2.672%, 09/25/47 (d)

    1,197,577        1,006,427   

Credit Suisse Mortgage Capital Certificates
2.508%, 05/27/36 (144A) (d)

    3,722        3,552   

2.538%, 08/27/46 (144A) (d)

    84        80   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust
0.304%, 12/25/36 (d)

    697,863        567,771   

GS Mortgage Securities Trust
3.680%, 04/10/47

    635,000        654,043   

3.998%, 04/10/47

    1,225,000        1,261,745   

4.866%, 04/10/47

    450,000        406,965   

GSR Mortgage Loan Trust
0.654%, 11/25/35 (d)

    1,097,833        814,525   

2.622%, 01/25/36 (d)

    1,297,357        1,166,092   

6.000%, 07/25/37

    794,798        723,153   

IndyMac INDA Mortgage Loan Trust
2.623%, 12/25/36 (d)

    447,253        388,988   

IndyMac INDX Mortgage Loan Trust
2.628%, 10/25/35 (d)

    152,012        130,262   

Lehman XS Trust
0.344%, 11/25/46 (d)

    1,293,432        1,053,863   

0.394%, 06/25/47 (d)

    1,303,930        874,101   

1.004%, 09/25/47 (d)

    1,243,442        1,021,255   

Luminent Mortgage Trust
0.354%, 02/25/46 (d)

    1,189,943        873,059   

0.414%, 11/25/35 (d)

    1,320,554        1,176,084   

MASTR Adjustable Rate Mortgages Trust
2.110%, 09/25/33 (d)

    222,639        222,656   

Merrill Lynch Mortgage Investors Trust
2.724%, 07/25/35 (d)

    1,335,722        1,142,646   

RALI Trust
0.929%, 09/25/46 (d)

    886,028        572,952   

RFMSI Trust
3.035%, 04/25/37 (d)

    170,143        147,367   

Structured Adjustable Rate Mortgage Loan Trust
0.454%, 09/25/34 (d)

    131,274        115,806   

Wells Fargo Mortgage Backed Securities Trust
2.624%, 10/25/35 (d)

    1,541,000        1,418,743   

2.678%, 10/25/36 (d)

    1,032,824        961,900   
   

 

 

 
      26,495,260   
   

 

 

 

 

MSF-220


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—3.2%

  

Aventura Mall Trust
3.743%, 12/05/32

    1,595,000      $ 1,659,904   

Banc of America Merrill Lynch Commercial Mortgage, Inc.
5.171%, 11/10/42 (d)

    1,495,865        1,512,040   

BB-UBS Trust
3.430%, 11/05/36 (144A)

    275,000        262,931   

Bear Stearns Commercial Mortgage Securities Trust
4.871%, 09/11/42

    180,000        188,052   

5.138%, 10/12/42 (d)

    210,000        221,228   

5.405%, 12/11/40 (d)

    1,130,000        1,185,611   

5.449%, 12/11/40 (d)

    170,000        180,620   

5.694%, 06/11/50 (d)

    240,170        268,624   

CD Mortgage Trust
6.116%, 11/15/44 (d)

    80,000        89,444   

Citigroup Commercial Mortgage Trust
4.023%, 03/10/47

    1,065,000        1,095,667   

4.131%, 11/10/46

    770,000        802,293   

4.371%, 09/10/46 (d)

    680,000        722,748   

6.133%, 12/10/49 (d)

    440,000        493,169   

Commercial Mortgage Pass-Through Certificates
3.961%, 03/10/47

    1,070,000        1,097,763   

4.046%, 10/10/46

    1,290,000        1,332,507   

5.768%, 06/10/46 (d)

    669,187        726,478   

6.003%, 12/10/49 (d)

    960,000        1,063,483   

Commercial Mortgage Trust
4.750%, 10/15/45

    175,000        145,556   

Credit Suisse First Boston Mortgage Securities Corp.
4.771%, 07/15/37

    125,000        128,113   

DBRR Trust
0.946%, 09/25/45 (144A)

    522,898        523,641   

GMAC Commercial Mortgage Securities, Inc.
5.238%, 11/10/45 (d)

    431,674        451,993   

Greenwich Capital Commercial Mortgage Trust
5.736%, 12/10/49

    875,000        974,586   

GS Mortgage Securities Corp. II
2.954%, 11/05/34 (144A)

    1,200,000        1,142,203   

GS Mortgage Securities Corp. Trust
2.933%, 06/05/31 (144A)

    940,000        953,246   

3.551%, 04/10/34 (144A)

    1,055,000        1,062,594   

3.633%, 06/05/31 (144A)

    130,000        131,668   

GS Mortgage Securities Trust
4.243%, 08/10/46

    520,000        547,806   

Hilton USA Trust
2.662%, 11/05/30

    1,585,000        1,588,720   

JP Morgan Chase Commercial Mortgage Securities
2.753%, 10/15/45

    195,147        136,493   

JP Morgan Chase Commercial Mortgage Securities Corp.
4.427%, 12/15/47 (144A) (d)

    245,000        198,333   

JP Morgan Chase Commercial Mortgage Securities Trust
3.905%, 05/05/30 (144A)

    905,000        910,995   

Commercial Mortgage-Backed Securities—(Continued)

  

JP Morgan Chase Commercial Mortgage Securities Trust
4.166%, 12/15/46

    1,195,000      1,241,985   

5.009%, 12/15/46 (144A) (d)

    465,000        429,968   

5.453%, 12/12/44 (d)

    650,000        694,423   

5.698%, 02/12/49 (d)

    900,000        997,298   

JPMBB Commercial Mortgage Securities Trust
4.199%, 01/15/47

    1,280,000        1,331,546   

LB-UBS Commercial Mortgage Trust
5.205%, 04/15/30 (d)

    430,000        444,725   

5.858%, 07/15/40 (d)

    1,989,823        2,132,668   

5.866%, 09/15/45 (d)

    430,312        486,191   

6.150%, 09/15/45 (d)

    295,000        336,314   

Merrill Lynch/Countrywide Commercial Mortgage Trust
5.700%, 09/12/49

    1,630,000        1,820,842   

Morgan Stanley Bank of America Merrill Lynch Trust
4.064%, 02/15/47

    1,295,000        1,338,585   

Morgan Stanley Capital I Trust
2.662%, 03/15/45 (144A) (d) (e)

    5,755,284        686,565   

5.692%, 04/15/49 (d)

    1,510,000        1,669,100   

5.809%, 12/12/49

    655,000        728,510   

Morgan Stanley Re-REMIC Trust
1.000%, 03/27/51 (144A)

    647,833        642,939   

2.000%, 07/27/49 (144A)

    600,595        602,097   

2.500%, 03/23/51 (144A)

    33,718        34,224   

5.819%, 08/15/45 (144A) (d)

    486,006        538,688   

OBP Depositor LLC Trust
4.646%, 07/15/45 (144A)

    1,445,000        1,587,884   

UBS-Barclays Commercial Mortgage Trust
3.185%, 03/10/46

    1,375,000        1,337,979   

VNO Mortgage Trust
2.996%, 11/15/30 (144A)

    1,105,000        1,062,453   

WF-RBS Commercial Mortgage Trust

   

4.101%, 03/15/47

    1,150,000        1,184,477   

5.000%, 06/15/44

    130,000        115,748   

WFRBS Commercial Mortgage Trust
4.375%, 03/15/44 (144A)

    470,000        502,461   
   

 

 

 
      43,746,179   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $69,744,328)

      70,241,439   
   

 

 

 
Asset-Backed Securities—3.9%   

Asset-Backed - Automobile—1.4%

  

American Credit Acceptance Receivables Trust
1.140%, 03/12/18 (144A)

    548,754        548,905   

AmeriCredit Automobile Receivables Trust
1.310%, 11/08/17

    550,000        553,597   

1.520%, 01/08/19

    185,000        184,006   

1.660%, 09/10/18

    170,000        170,560   

1.690%, 11/08/18

    325,000        326,834   

1.930%, 08/08/18

    415,000        419,313   

 

MSF-221


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Automobile—(Continued)

  

AmeriCredit Automobile Receivables Trust
2.290%, 11/08/19

    100,000      $ 100,411   

2.420%, 05/08/18

    440,000        450,999   

2.640%, 10/10/17

    430,000        441,896   

2.720%, 09/09/19

    100,000        102,303   

3.310%, 10/08/19

    245,000        252,826   

3.440%, 10/08/17

    565,000        583,009   

Credit Acceptance Auto Loan Trust
1.210%, 10/15/20 (144A)

    340,000        340,147   

1.500%, 04/15/21 (144A)

    330,000        331,129   

DT Auto Owner Trust
3.380%, 10/16/17 (144A)

    208,175        208,718   

4.940%, 07/16/18 (144A)

    565,000        578,597   

Hyundai Auto Receivables Trust
2.610%, 05/15/18

    360,000        370,913   

Prestige Auto Receivables Trust
1.090%, 02/15/18 (144A)

    443,865        444,698   

1.330%, 05/15/19 (144A)

    330,000        330,353   

Santander Drive Auto Receivables Trust
1.330%, 05/15/17

    510,000        512,814   

1.480%, 05/15/17 (144A)

    54,738        54,746   

1.560%, 08/15/18

    730,000        736,120   

1.590%, 10/15/18

    1,245,000        1,246,504   

1.780%, 11/15/18 (144A)

    2,360,000        2,368,024   

1.890%, 10/15/19 (144A)

    775,000        783,062   

1.940%, 03/15/18

    535,000        540,926   

2.160%, 01/15/20

    610,000        624,716   

2.250%, 06/17/19

    665,000        671,903   

2.360%, 04/15/20

    650,000        655,601   

2.700%, 08/15/18

    350,000        360,299   

2.720%, 05/16/16

    330,000        332,240   

2.940%, 12/15/17

    520,000        535,699   

3.120%, 10/15/19 (144A)

    300,000        308,323   

3.250%, 01/15/20

    510,000        530,696   

3.780%, 11/15/17

    445,000        458,217   

3.780%, 10/15/19 (144A)

    195,000        202,978   

4.670%, 01/15/20 (144A)

    1,085,000        1,140,053   
   

 

 

 
      18,802,135   
   

 

 

 

Asset-Backed - Home Equity—0.1%

  

GSAA Home Equity Trust
0.394%, 11/25/36 (d)

    424,130        251,709   

5.985%, 06/25/36 (d)

    754,420        435,987   

GSAA Trust
0.196%, 03/25/47 (d)

    285,961        168,175   
   

 

 

 
      855,871   
   

 

 

 

Asset-Backed - Other—2.4%

  

Apidos CDO
1.734%, 04/17/26 (144A) (d)

    1,595,000        1,593,405   

ARES CLO, Ltd.
1.734%, 04/17/26 (144A) (d) (h)

    1,475,000        1,475,000   

Avery Point CLO, Ltd.
1.755%, 04/25/26

    1,460,000        1,460,000   

Asset-Backed - Other—(Continued)

  

Battalion CLO, Ltd.
1.637%, 10/22/25 (144A) (d)

    615,000      612,143   

Benefit Street Partners CLO II, Ltd.
1.439%, 07/15/24 (144A) (d)

    320,000        317,165   

Carlyle Global Market Strategies CLO, Ltd.
1.627%, 01/20/25 (144A) (d)

    1,935,000        1,929,754   

Cavalary CLO II
2.238%, 01/17/24 (144A) (d)

    990,000        978,275   

Cent CLO 19, Ltd.
1.567%, 10/29/25 (144A) (d)

    670,000        665,494   

CIFC Funding, Ltd.
1.658%, 04/18/25 (144A) (d)

    1,585,000        1,584,990   

Finance America Mortgage Loan Trust
1.204%, 09/25/33 (d)

    135,939        127,674   

Ford Credit Floorplan Master Owner Trust
1.400%, 02/15/19

    230,000        229,068   

2.090%, 09/15/16

    535,000        537,929   

2.860%, 01/15/19

    139,000        144,132   

3.500%, 01/15/19

    265,000        278,620   

Fremont Home Loan Trust
1.204%, 12/25/33 (d)

    130,634        123,314   

GMACM Home Equity Loan Trust
0.394%, 10/25/34 (144A) (d)

    215,550        196,214   

GT Loan Financing I, Ltd.
1.505%, 10/28/24 (144A) (d)

    680,000        673,609   

HLSS Servicer Advance Receivables Backed Notes
1.287%, 09/15/44 (144A)

    740,000        741,110   

1.495%, 05/16/44 (144A)

    140,000        139,538   

1.793%, 05/15/46 (144A)

    2,210,000        2,175,524   

1.979%, 08/15/46 (144A)

    385,000        386,271   

HLSS Servicer Advance Receivables Trust
1.990%, 10/15/45 (144A)

    440,000        443,080   

ING Investment Management Co.
1.685%, 03/14/22 (144A) (d)

    1,500,000        1,499,996   

1.686%, 01/18/26 (144A) (d)

    780,000        778,036   

1.769%, 10/15/22 (144A) (d)

    435,000        435,118   

KKR Financial CLO, Corp.
0.989%, 10/15/17 (144A) (d)

    830,810        830,007   

KKR Financial CLO, Ltd.
1.389%, 07/15/25 (144A) (d)

    565,000        555,520   

Knollwood CDO, Ltd.
3.439%, 01/10/39 (144A) (d)

    543,682        5   

Limerock CLO
1.735%, 04/18/26 (144A) (d)

    1,590,000        1,589,997   

Neuberger Berman CLO, Ltd.
1.741%, 04/15/26 (144A) (d)

    1,170,000        1,168,103   

Newcastle Mortgage Securities Trust
0.384%, 04/25/37 (d)

    1,550,000        872,841   

Northwoods Capital Corp. / Northwoods Capital, Ltd.
1.657%, 01/18/24 (144A) (d)

    615,000        611,875   

2.487%, 01/18/24 (144A) (d)

    580,000        580,693   

Octagon Investment Partners XVI, Ltd.
1.358%, 07/17/25 (144A) (d)

    720,000        709,145   

 

MSF-222


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

   

OHA Loan Funding, Ltd.
1.506%, 08/23/24 (144A) (d)

    695,000      $ 689,304   

OZLM Funding IV, Ltd.
1.387%, 07/22/25 (144A) (d)

    1,205,000        1,186,061   

OZLM Funding, Ltd.
1.716%, 10/30/23 (144A) (d)

    1,070,000        1,069,157   

Securitized Asset Backed Receivables LLC Trust
0.244%, 07/25/36 (d)

    640,818        291,499   

Sound Point CLO, Ltd.
1.653%, 01/21/26 (144A) (d)

    260,000        257,676   

Springleaf Funding Trust
2.410%, 12/15/22 (144A)

    1,140,000        1,137,200   

Vibrant CLO, Ltd.
1.718%, 07/17/24 (144A) (d)

    1,920,000        1,915,048   

2.638%, 07/17/24 (144A) (d)

    500,000        501,430   
   

 

 

 
      33,491,020   
   

 

 

 

Total Asset-Backed Securities
(Cost $53,470,890)

      53,149,026   
   

 

 

 
Floating Rate Loans(d)—2.2%                

Auto Components—0.2%

  

Cooper Standard Automotive, Inc.
Term Loan B, 0.000%, 04/04/21 (i)

    175,000        175,548   

Roundy’s Supermarkets, Inc.
Term Loan B, 5.750%, 03/03/21

    155,000        155,533   

Sedgwick, Inc.
1st Lien Term Loan, 3.750%, 03/01/21

    1,515,000        1,501,584   

2nd Lien Term Loan, 6.750%, 02/28/22

    205,000        204,424   
   

 

 

 
      2,037,089   
   

 

 

 

Auto Manufacturers—0.1%

  

Chrysler Group LLC
Term Loan B, 3.250%, 12/31/18

    890,000        887,592   
   

 

 

 

Chemicals—0.2%

  

Arysta LifeScience Corp.
1st Lien Term Loan, 0.000%, 05/29/20 (i)

    359,095        360,368   

Ineos U.S. Finance LLC
Term Loan, 2.750%, 05/04/18

    1,576,044        1,569,291   

Nexeo Solutions LLC
Term Loan B3, 5.000%, 09/09/17

    773,063        774,995   
   

 

 

 
      2,704,654   
   

 

 

 

Coal—0.0%

  

Arch Coal, Inc.
Term Loan B, 6.250%, 05/16/18

    324,177        320,057   
   

 

 

 

Commercial Services—0.0%

  

Moneygram International, Inc.
Term Loan B, 0.000%, 03/27/20 (i)

    219,446        220,269   
   

 

 

 

Diversified Financial Services—0.1%

  

International Lease Finance Corp.
Term Loan B, 2.750%, 02/13/21

    585,000      586,462   

TransUnion LLC
Term Loan, 0.000%, 03/17/21 (i)

    439,356        440,729   
   

 

 

 
      1,027,191   
   

 

 

 

Electric—0.1%

  

Calpine Construction Finance Co. L.P.
Term Loan B2, 3.250%, 01/31/22

    1,620,929        1,596,210   
   

 

 

 

Energy Equipment & Services—0.1%

  

Seadrill Partners Finco LLC
Term Loan B, 4.000%, 02/21/21

    688,275        687,415   
   

 

 

 

Food—0.1%

  

Aramark Corp.
Term Loan F, 0.000%, 02/24/21 (i)

    846,000        839,126   

JBS USA Holdings, Inc.
Incremental Term Loan, 0.000%, 09/18/20 (i)

    580,321        579,961   
   

 

 

 
      1,419,087   
   

 

 

 

Healthcare-Products—0.1%

  

Mallinckrodt International Finance S.A.
Term Loan B, 2.750%, 03/19/21

    780,000        781,221   
   

 

 

 

Healthcare-Services—0.1%

  

IMS Health, Inc.
Term Loan, 2.750%, 03/17/21

    960,000        959,746   

Medpace, Inc.
Term Loan, 0.000%, 03/12/21 (i)

    290,000        292,175   

Multiplan, Inc.
Term Loan, 1.000%, 03/06/21

    250,000        249,687   

U.S. Renal Care, Inc.
Term Loan, 0.000%, 07/03/19 (i)

    379,048        379,207   
   

 

 

 
      1,880,815   
   

 

 

 

Home Furnishings—0.0%

  

Tempur-Pedic International, Inc.
Term Loan B, 3.500%, 03/18/20

    294,042        293,354   
   

 

 

 

Hotels, Restaurants & Leisure—0.0%

  

La Quinta Intermediate Holdings LLC
Term Loan B, 0.000%, 02/19/21 (i)

    630,000        631,380   
   

 

 

 

Household Products—0.1%

  

Revlon Consumer Products Corp.
Term Loan B, 3.250%, 11/20/17

    1,600,000        1,601,288   
   

 

 

 

Insurance—0.1%

  

Asurion LLC
2nd Lien Term Loan, 8.500%, 03/03/21

    285,000        295,153   

Term Loan B1, 8.500%, 05/24/19

    229,409        230,300   

Term Loan B2, 8.500%, 07/08/20

    299,246        298,658   
   

 

 

 
      824,111   
   

 

 

 

 

MSF-223


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Floating Rate Loans(d)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Internet Software & Services—0.0%

  

Dealertrack Technologies, Inc.
Term Loan B, 3.500%, 02/26/21

    565,000      $ 568,297   
   

 

 

 

Lodging—0.1%

  

Hilton Fort Lauderdale
Mezzanine Term Loan,
7.200%, 02/22/16 (h) (j)

    1,000,000        988,900   

Station Casinos LLC
Term Loan B, 0.000%, 03/02/20 (i)

    324,181        325,447   
   

 

 

 
      1,314,347   
   

 

 

 

Machinery-Diversified—0.1%

  

Alliance Laundry Systems LLC
Term Loan, 4.250%, 12/10/18

    154,822        155,628   

Gardner Denver, Inc.
Term Loan, 4.250%, 07/30/20

    573,559        574,276   

Interline Brands, Inc.
Term Loan, 0.000%, 03/15/21 (i)

    775,000        775,729   

PRA Holdings, Inc.
1st Lien Term Loan, 0.000%, 09/23/20 (i)

    324,185        323,644   
   

 

 

 
      1,829,277   
   

 

 

 

Media—0.0%

  

Acosta, Inc.
Term Loan B, 4.250%, 03/02/18

    315,000        316,772   
   

 

 

 

Oil & Gas—0.0%

  

Fieldwood Energy LLC
1st Lien Term Loan, 3.875%, 09/28/18

    508,723        510,129   
   

 

 

 

Packaging & Containers—0.0%

  

Berry Plastics Holding Corp.
Term Loan D, 3.500%, 02/07/20

    299,244        298,366   
   

 

 

 

Pharmaceuticals—0.0%

  

Grifols Worldwide Operations USA, Inc.
Term Loan B, 0.000%, 02/27/21 (i)

    650,000        650,442   
   

 

 

 

Retail—0.3%

  

J Crew Group, Inc.
Term Loan B, 4.000%, 03/05/21

    1,375,000        1,373,969   

Lands’ End, Inc.
Term Loan B, 0.000%, 01/31/21 (i)

    235,000        235,074   

Neiman Marcus Group, Inc. (The)
Term Loan, 4.250%, 10/25/20

    645,000        647,886   

Party City Holdings, Inc.
Term Loan, 4.000%, 07/27/19

    628,425        629,713   

Rite Aid Corp.
Term Loan 7, 3.500%, 02/21/20

    750,000        750,413   
   

 

 

 
      3,637,055   
   

 

 

 

Semiconductors—0.1%

  

Entegris, Inc.
Term Loan B, 0.000%, 02/04/21 (i)

    490,000        490,000   

Semiconductors—(Continued)

  

Freescale Semiconductor, Inc.
Term Loan B4, 4.250%, 02/28/20

    349,312      351,521   
   

 

 

 
      841,521   
   

 

 

 

Software—0.1%

  

Infor (U.S.), Inc.
Term Loan B5, 3.750%, 06/03/20

    349,125        348,544   

Kronos, Inc. 2nd Lien Term Loan,
0.000%, 04/30/20 (i)

    155,000        161,587   

Term Loan, 0.000%, 10/30/19 (i)

    410,000        413,844   
   

 

 

 
      923,975   
   

 

 

 

Telecommunications—0.2%

   

West Corp.
Term Loan B10, 3.250%, 06/30/18

    300,000        298,875   

XO Communications, LLC
Term Loan, 0.000%, 03/17/21 (i)

    375,000        377,813   

Ziggo NV
Term Loan B1, 0.000%, 01/15/22 (i)

    566,191        560,883   

Term Loan B2, 0.000%, 01/15/22 (i)

    345,532        342,292   

Term Loan B3, 0.000%, 01/15/22 (i)

    568,277        562,949   
   

 

 

 
      2,142,812   
   

 

 

 

Total Floating Rate Loans
(Cost $29,869,077)

      29,944,726   
   

 

 

 
Foreign Government—1.2%                

Sovereign—1.2%

   

Brazil Notas do Tesouro Nacional
6.000%, 05/15/45 (BRL)

    575,000        555,336   

Brazilian Government International Bonds 7.125%, 01/20/37

    230,000        275,712   

Colombian TES
7.000%, 05/04/22 (COP)

    977,500,000        514,616   

Japanese Government CPI Linked Bond 0.100%, 09/10/23 (JPY)

    1,055,752,500        11,014,747   

Mexican Bonos
8.000%, 12/07/23 (MXN)

    6,151,000        533,194   

Mexico Government International Bond 4.000%, 10/02/23

    324,000        327,240   

4.750%, 03/08/44

    1,400,000        1,330,000   

5.550%, 01/21/45

    543,000        576,937   

6.750%, 09/27/34

    75,000        91,500   

Peru Government Bond
8.200%, 08/12/26 (PEN)

    1,325,000        542,952   
   

 

 

 

Total Foreign Government
(Cost $15,758,000)

      15,762,234   
   

 

 

 
Municipals—0.4%                

State of California General Obligation Unlimited, Build America Bonds
4.601%, 05/15/31

    1,775,000        1,885,884   

 

MSF-224


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Municipals—(Continued)

 

Security Description   Principal
Amount*/
Shares/
Notional
    Value  

State of California General Obligation Unlimited, Build America Bonds
7.350%, 11/01/39

    1,525,000      $ 2,052,818   

7.600%, 11/01/40

    1,075,000        1,512,837   
   

 

 

 

Total Municipals
(Cost $5,439,037)

      5,451,539   
   

 

 

 
Investment Company Security— 0.2%   

SPDR S&P 500 ETF Trust
(Cost $2,088,120)

    11,250        2,104,200   
   

 

 

 
Purchased Options—0.0%   

Call Options—0.0%

   

2 Year Interest Rate Swap, Exercise Rate 0.71%, Expires 08/28/14 (Counterparty—JPMorgan Chase Bank N.A.)

    18,455,000        27,710   

2 Year Interest Rate Swap, Exercise Rate 0.73%, Expires 08/29/14 (Counterparty—JPMorgan Chase Bank N.A.)

    20,295,000        34,149   

2 Year Interest Rate Swap, Exercise Rate 0.74%, Expires 09/05/14 (Counterparty—Bank of America N.A.)

    10,085,000        17,353   

5 Year Interest Rate Swap, Exercise Rate 2.10%, Expires 03/06/15 (Counterparty—Bank of America N.A.)

    10,300,000        81,568   
   

 

 

 
      160,780   
   

 

 

 

Put Options—0.0%

  

10 Year Interest Rate Swap, Exercise Rate 3.50%, Expires 03/05/15 (Counterparty—Deutsche Bank AG)

    7,835,000        136,459   
   

 

 

 

Total Purchased Options
(Cost $405,010)

      297,239   
   

 

 

 
Short-Term Investments—7.4%   

Mutual Fund—5.4%

  

State Street Navigator Securities Lending MET Portfolio (k)

    72,773,490        72,773,490   
   

 

 

 

Repurchase Agreement—2.0%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $27,400,000 on 04/01/14, collateralized by $28,360,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $27,952,410.

    27,400,000      27,400,000   
   

 

 

 

Total Short-Term Investments
(Cost $100,173,490)

      100,173,490   
   

 

 

 

Total Investments—113.2%
(Cost $1,481,627,524) (l)

      1,531,343,227   

Other assets and liabilities (net)—(13.2)%

      (177,978,509
   

 

 

 
Net Assets—100.0%     $ 1,353,364,718   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $71,519,484 and the collateral received consisted of cash in the amount of $72,773,490. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(c) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(d) Variable or floating rate security. The stated rate represents the rate at March 31, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(e) Interest only security.
(f) All or a portion of the security was pledged as collateral against open swap contracts. As of March 31, 2014, the market value of securities pledged was $631,177.
(g) Non-income producing; Security is in default and/or issuer is in bankruptcy.
(h) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2014, these securities represent 0.2% of net assets.
(i) This loan will settle after March 31, 2014, at which time the interest rate will be determined.
(j) Illiquid security. As of March 31, 2014, these securities represent 0.1% of net assets.
(k) Represents investment of cash collateral received from securities lending transactions.
(l) As of March 31, 2014, the aggregate cost of investments was $1,481,627,524. The aggregate unrealized appreciation and depreciation of investments were $73,563,375 and $(23,847,672), respectively, resulting in net unrealized appreciation of $49,715,703.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2014, the market value of 144A securities was $75,864,439, which is 5.6% of net assets.

 

MSF-225


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

(ACES)— Alternative Credit Enhancement Securities.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(ARM)— Adjustable-Rate Mortgage
(BRL)— Brazilian Real
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(COP)— Colombian Peso
(ETF)— Exchange-Traded Fund
(JPY)— Japanese Yen
(MXN)— Mexican Peso
(PEN)— Peruvian Nuevo Sol
(REMIC)— Real Estate Mortgage Investment Conduit

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Deliver

      

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
JPY     1,126,528,000        

Commonwealth Bank of Australia

       04/30/14         $ 11,003,485         $ 87,429   
PEN     1,522,000        

Westpac Banking Corp.

       06/18/14           534,504           (1,519
                     

 

 

 

Net Unrealized Appreciation

  

     $ 85,910   
                     

 

 

 

Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face Amount     Proceeds     Value  

Fannie Mae 15 Yr. Pool

     3.500     TBA         (500,000   $ (524,297   $ (524,219

Fannie Mae 15 Yr. Pool

     3.000     TBA         (2,200,000     (2,264,969     (2,259,812

Fannie Mae 15 Yr. Pool

     2.500     TBA         (2,400,000     (2,398,500     (2,398,125

Fannie Mae 15 Yr. Pool

     4.000     TBA         (4,000,000     (4,230,359     (4,229,219

Fannie Mae 15 Yr. Pool

     4.500     TBA         (5,400,000     (5,745,094     (5,719,781

Fannie Mae 30 Yr. Pool

     4.000     TBA         (10,900,000     (11,329,267     (11,329,188

Freddie Mac 30 Yr. Gold Pool

     5.500     TBA         (1,300,000     (1,425,578     (1,429,594

Freddie Mac 30 Yr. Gold Pool

     5.000     TBA         (2,900,000     (3,151,485     (3,150,805

Freddie Mac 30 Yr. Gold Pool

     3.500     TBA         (16,900,000     (16,984,500     (16,981,860

Ginnie Mae I 30 Yr. Pool

     5.000     TBA         (3,200,000     (3,502,625     (3,495,000

Ginnie Mae I 30 Yr. Pool

     3.500     TBA         (4,200,000     (4,281,121     (4,284,656

Ginnie Mae I 30 Yr. Pool

     4.500     TBA         (8,800,000     (9,505,535     (9,484,750

Ginnie Mae I 30 Yr. Pool

     4.000     TBA         (1,200,000     (1,269,000     (1,260,375

Ginnie Mae II 30 Yr. Pool

     3.000     TBA         (6,500,000     (6,423,828     (6,391,328

Ginnie Mae II 30 Yr. Pool

     3.500     TBA         (10,100,000     (10,367,328     (10,306,734
         

 

 

   

 

 

 
          $ (83,403,486   $ (83,245,446
         

 

 

   

 

 

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation/
(Depreciation)
 

U.S. Treasury Long Bond Futures

     06/19/14         21        USD         2,787,514      $ 10,080   

U.S. Treasury Note 2 Year Futures

     06/30/14         43        USD         9,454,625        (13,438

U.S. Treasury Note 5 Year Futures

     06/30/14         362        USD         43,022,625        38,406   

Futures Contracts—Short

                                

U.S. Treasury Note 10 Year Futures

     06/19/14         (438     USD         (54,420,676     327,676   

U.S. Treasury Ultra Bond Futures

     06/19/14         (27     USD         (3,879,511     (21,145
            

 

 

 

Net Unrealized Appreciation

  

  $ 341,579   
            

 

 

 

 

MSF-226


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Swap Agreements

 

Centrally Cleared Credit Default Swap Agreements on credit indices—Buy Protection (a)

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
    

Implied Credit
Spread at
March 31,
2014(b)

   Notional
Amount(c)
     Unrealized
Depreciation
 

Markit CDX North America Investment Grade Index, Series 22

     (1.000%)         06/20/19       0.693%      USD         17,150,000       $ (23,925)   

Markit CDX North America High Yield Index, Series 22

     (5.000%)         06/20/19       3.356%      USD         17,225,000         (65,303)   

Markit iTraxx Europe Index, Series 20

     (1.000%)         12/20/18       0.674%      EUR         3,105,000         (12,424)   

Markit iTraxx Crossover Index, Series 20

     (5.000%)         12/20/18       2.284%      EUR         4,215,000         (133,676)   
                 

 

 

 

Totals

  

   $ (235,328)   
                 

 

 

 

OTC Credit Default Swaps on credit indices—Buy Protection (a)

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
    

Counterparty

   Implied Credit
Spread at
March 31,
2014(b)
     Notional
Amount(c)
     Market
Value
     Upfront
Premium
Paid
     Unrealized
Depreciation
 

Markit CMBX North America AA-Rated Index, Version 2

     (0.150%)         03/15/49       Bank of America      N/A         USD         532,222       $ 159,423       $ 167,652       $ (8,229)   

Markit CMBX North America AAA-Rated Index, AS Tranche, Version 7

     (1.000%)         01/17/47       Credit Suisse International      N/A         USD         485,000         8,032         11,679         (3,647)   
                    

 

 

    

 

 

    

 

 

 

Totals

  

   $ 167,455       $ 179,331       $ (11,876)   
                    

 

 

    

 

 

    

 

 

 

OTC Credit Default Swaps on credit indices—Sell Protection (d)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid
    Unrealized
Appreciation
 

Markit CDX Emerging Market Index, Series 20, Version 1

    5.000%        12/20/18      BNP Paribas S.A.     2.938%        USD        1,440,000      $ 126,269      $ 109,440      $ 16,829   

Markit CDX Emerging Market Index, Series 20, Version 1

    5.000%        12/20/18      Bank of America     2.938%        USD        545,000        47,978        42,782        5,196   

Markit CDX Emerging Market Index, Series 21, Version 1

    5.000%        06/20/19      BNP Paribas S.A.     2.959%        USD        7,035,000        670,177        576,870        93,307   

Markit CDX Emerging Market Index, Series 21, Version 1

    5.000%        06/20/19      Barclays Bank plc     2.959%        USD        1,440,000        137,179        115,200        21,979   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 981,603      $ 844,292      $ 137,311   
             

 

 

   

 

 

   

 

 

 

 

(a) If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.

 

MSF-227


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

 

(c) The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(d) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(EUR)— Euro
(JPY)— Japanese Yen
(PEN)— Peruvian Nuevo Sol
(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks*

   $ 810,668,816       $ —         $ —         $ 810,668,816   

Total U.S. Treasury & Government Agencies*

     —           293,861,269         —           293,861,269   

Total Corporate Bonds & Notes*

     —           146,689,249         —           146,689,249   

Total Mortgage-Backed Securities*

     —           70,241,439         —           70,241,439   
Asset-Backed Securities            

Asset-Backed - Automobile

     —           18,802,135         —           18,802,135   

Asset-Backed - Home Equity

     —           855,871         —           855,871   

Asset-Backed - Other

     —           32,016,020         1,475,000         33,491,020   

Total Asset-Backed Securities

     —           51,674,026         1,475,000         53,149,026   
Floating Rate Loans            

Auto Components

     —           2,037,089         —           2,037,089   

Auto Manufacturers

     —           887,592         —           887,592   

Chemicals

     —           2,704,654         —           2,704,654   

Coal

     —           320,057         —           320,057   

Commercial Services

     —           220,269         —           220,269   

Diversified Financial Services

     —           1,027,191         —           1,027,191   

Electric

     —           1,596,210         —           1,596,210   

Energy Equipment & Services

     —           687,415         —           687,415   

Food

     —           1,419,087         —           1,419,087   

Healthcare - Products

     —           781,221         —           781,221   

Healthcare - Services

     —           1,880,815         —           1,880,815   

Home Furnishings

     —           293,354         —           293,354   

Hotels, Restaurants & Leisure

     —           631,380         —           631,380   

 

MSF-228


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  

Household Products

   $      $ 1,601,288      $       $ 1,601,288   

Insurance

            824,111                824,111   

Internet Software & Services

            568,297                568,297   

Lodging

            325,447        988,900         1,314,347   

Machinery-Diversified

            1,829,277                1,829,277   

Media

            316,772                316,772   

Oil & Gas

            510,129                510,129   

Packaging & Containers

            298,366                298,366   

Pharmaceuticals

            650,442                650,442   

Retail

            3,637,055                3,637,055   

Semiconductors

            841,521                841,521   

Software

            923,975                923,975   

Telecommunications

            2,142,812                2,142,812   

Total Floating Rate Loans

            28,955,826        988,900         29,944,726   

Total Foreign Government*

            15,762,234                15,762,234   

Total Municipals

            5,451,539                5,451,539   

Total Investment Company Security

     2,104,200                       2,104,200   

Total Purchased Options*

            297,239                297,239   
Short-Term Investments          

Mutual Fund

     72,773,490                       72,773,490   

Repurchase Agreement

            27,400,000                27,400,000   

Total Short-Term Investments

     72,773,490        27,400,000                100,173,490   

Total Investments

   $ 885,546,506      $ 643,332,821      $ 2,463,900       $ 1,531,343,227   
                                   

Collateral for securities loaned (Liability)

   $      $ (72,773,490   $       $ (72,773,490

Forward Sales Commitments

   $      $ (83,245,446   $       $ (83,245,446
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $      $ 87,429      $       $ 87,429   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

            (1,519             (1,519

Total Forward Contracts

   $      $ 85,910      $       $ 85,910   
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 376,162      $      $       $ 376,162   

Futures Contracts (Unrealized Depreciation)

     (34,583                    (34,583

Total Futures Contracts

   $ 341,579      $      $       $ 341,579   
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Depreciation)

   $      $ (235,328   $       $ (235,328
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $      $ 1,149,058      $       $ 1,149,058   

 

* See Schedule of Investments for additional detailed categorizations.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

Investments in Securities

   Balance as of
December 31,
2013
     Accrued
Discounts/
(Premiums)
     Change in
Unrealized
Depreciation
    Purchases      Transfers
in to
Level 3
     Balance as of
March 31,
2014
     Change in Unrealized
Depreciation from
investments still held at
March 31, 2014
 
Asset-Backed Securities                    

Asset Backed - Other

   $       $       $      $ 1,475,000       $       $ 1,475,000       $   
Floating Rate Loans                    

Lodging

             446         (11,546             1,000,000         988,900         (11,546
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $       $ 446       $ (11,546   $ 1,475,000       $ 1,000,000       $ 2,463,900       $ (11,546
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Floating rate loans in the amount of $1,000,000 were transferred into Level 3 due to a decline in market activity for significant observables which resulted in a lack of available market inputs to determine price.

 

MSF-229


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—98.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—9.4%

   

General Dynamics Corp. (a)

    729,160      $ 79,420,107   

Honeywell International, Inc.

    709,820        65,842,903   

Lockheed Martin Corp.

    580,865        94,820,403   

Northrop Grumman Corp.

    430,640        53,132,363   

United Technologies Corp.

    788,935        92,179,166   
   

 

 

 
      385,394,942   
   

 

 

 

Air Freight & Logistics—3.0%

   

United Parcel Service, Inc. - Class B

    1,249,605        121,686,535   
   

 

 

 

Banks—3.6%

   

PNC Financial Services Group, Inc. (The)

    848,680        73,835,160   

Wells Fargo & Co.

    1,454,130        72,328,426   
   

 

 

 
      146,163,586   
   

 

 

 

Beverages—5.3%

   

Anheuser-Busch InBev NV

    722,120        75,901,453   

Coca-Cola Co. (The)

    1,826,590        70,615,970   

Diageo plc

    2,314,070        71,821,329   
   

 

 

 
      218,338,752   
   

 

 

 

Biotechnology—1.8%

   

Amgen, Inc.

    578,215        71,317,038   
   

 

 

 

Capital Markets—1.8%

   

BlackRock, Inc.

    231,035        72,655,887   
   

 

 

 

Chemicals—4.2%

   

Ecolab, Inc.

    658,805        71,144,352   

Praxair, Inc. (a)

    773,110        101,254,217   
   

 

 

 
      172,398,569   
   

 

 

 

Electrical Equipment—1.3%

   

Emerson Electric Co.

    766,285        51,187,838   
   

 

 

 

Food & Staples Retailing—4.4%

   

CVS Caremark Corp.

    936,575        70,112,004   

Wal-Mart Stores, Inc.

    1,427,090        109,072,489   
   

 

 

 
      179,184,493   
   

 

 

 

Health Care Equipment & Supplies—2.3%

   

Medtronic, Inc.

    1,529,340        94,115,584   
   

 

 

 

Health Care Providers & Services—4.7%

   

Cardinal Health, Inc.

    1,312,855        91,873,593   

UnitedHealth Group, Inc. (a)

    1,235,590        101,306,024   
   

 

 

 
      193,179,617   
   

 

 

 

Hotels, Restaurants & Leisure—3.0%

   

McDonald’s Corp.

    1,261,455        123,660,434   
   

 

 

 

Household Products—3.5%

   

Colgate-Palmolive Co.

    951,160        61,701,749   

Household Products—(Continued)

   

Procter & Gamble Co. (The)

    999,990      80,599,194   
   

 

 

 
      142,300,943   
   

 

 

 

Insurance—4.6%

   

ACE, Ltd.

    825,050        81,729,453   

Chubb Corp. (The)

    577,355        51,557,802   

Marsh & McLennan Cos., Inc.

    1,070,265        52,764,064   
   

 

 

 
      186,051,319   
   

 

 

 

IT Services—6.5%

   

Accenture plc - Class A (a)

    1,092,845        87,121,604   

Automatic Data Processing, Inc.

    1,189,965        91,936,696   

International Business Machines Corp. (a)

    449,815        86,584,889   
   

 

 

 
      265,643,189   
   

 

 

 

Leisure Products—1.8%

   

Mattel, Inc. (a)

    1,852,395        74,299,563   
   

 

 

 

Media—3.2%

   

Omnicom Group, Inc.

    1,026,935        74,555,481   

Walt Disney Co. (The)

    717,620        57,459,833   
   

 

 

 
      132,015,314   
   

 

 

 

Multi-Utilities—1.0%

   

Dominion Resources, Inc.

    564,283        40,058,450   
   

 

 

 

Oil, Gas & Consumable Fuels—10.1%

   

BG Group plc

    5,673,544        105,813,403   

Chevron Corp.

    862,880        102,605,061   

Enbridge, Inc.

    1,707,760        77,720,157   

Exxon Mobil Corp.

    849,900        83,018,232   

Occidental Petroleum Corp.

    439,000        41,832,310   
   

 

 

 
      410,989,163   
   

 

 

 

Pharmaceuticals—8.8%

   

Johnson & Johnson

    1,038,115        101,974,037   

Merck & Co., Inc.

    1,798,465        102,098,858   

Pfizer, Inc.

    1,825,085        58,621,730   

Roche Holding AG

    323,980        97,384,023   
   

 

 

 
      360,078,648   
   

 

 

 

Real Estate Investment Trusts—1.2%

   

Public Storage (a)

    301,565        50,810,687   
   

 

 

 

Road & Rail—1.5%

   

Canadian National Railway Co.

    1,071,860        60,220,013   
   

 

 

 

Software—5.1%

   

Microsoft Corp.

    3,038,450        124,546,066   

Oracle Corp.

    2,062,420        84,373,602   
   

 

 

 
      208,919,668   
   

 

 

 

 

MSF-230


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Specialty Retail—4.3%

   

Lowe’s Cos., Inc.

    1,682,970      $ 82,297,233   

TJX Cos., Inc. (The)

    1,536,165        93,168,407   
   

 

 

 
      175,465,640   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.7%

  

NIKE, Inc. - Class B

    949,430        70,124,900   
   

 

 

 

Total Common Stocks
(Cost $3,731,932,934)

      4,006,260,772   
   

 

 

 
Short-Term Investments—2.8%   

Mutual Fund—1.9%

   

State Street Navigator Securities Lending MET Portfolio (b)

    78,227,038        78,227,038   
   

 

 

 

Repurchase Agreement—0.9%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/14 at 0.000% to be repurchased at $36,388,000 on 04/01/14, collateralized by $37,660,000 U.S. Treasury Note at 0.750% due 10/31/17 with a value of $37,118,750.

    36,388,000        36,388,000   
   

 

 

 

Total Short-Term Investments
(Cost $114,615,038)

      114,615,038   
   

 

 

 

Total Investments—100.9%
(Cost $3,846,547,972) (c)

      4,120,875,810   

Other assets and liabilities (net)—(0.9)%

      (36,823,877
   

 

 

 
Net Assets—100.0%     $ 4,084,051,933   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2014, the market value of securities loaned was $77,339,265 and the collateral received consisted of cash in the amount of $78,227,038. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Represents investment of cash collateral received from securities lending transactions.
(c) As of March 31, 2014, the aggregate cost of investments was $3,846,547,972. The aggregate unrealized appreciation and depreciation of investments were $311,061,183 and $(36,733,345), respectively, resulting in net unrealized appreciation of $274,327,838.

 

MSF-231


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of March 31, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 385,394,942       $ —        $ —         $ 385,394,942   

Air Freight & Logistics

     121,686,535         —          —           121,686,535   

Banks

     146,163,586         —          —           146,163,586   

Beverages

     70,615,970         147,722,782        —           218,338,752   

Biotechnology

     71,317,038         —          —           71,317,038   

Capital Markets

     72,655,887         —          —           72,655,887   

Chemicals

     172,398,569         —          —           172,398,569   

Electrical Equipment

     51,187,838         —          —           51,187,838   

Food & Staples Retailing

     179,184,493         —          —           179,184,493   

Health Care Equipment & Supplies

     94,115,584         —          —           94,115,584   

Health Care Providers & Services

     193,179,617         —          —           193,179,617   

Hotels, Restaurants & Leisure

     123,660,434         —          —           123,660,434   

Household Products

     142,300,943         —          —           142,300,943   

Insurance

     186,051,319         —          —           186,051,319   

IT Services

     265,643,189         —          —           265,643,189   

Leisure Products

     74,299,563         —          —           74,299,563   

Media

     132,015,314         —          —           132,015,314   

Multi-Utilities

     40,058,450         —          —           40,058,450   

Oil, Gas & Consumable Fuels

     305,175,760         105,813,403        —           410,989,163   

Pharmaceuticals

     262,694,625         97,384,023        —           360,078,648   

Real Estate Investment Trusts

     50,810,687         —          —           50,810,687   

Road & Rail

     60,220,013         —          —           60,220,013   

Software

     208,919,668         —          —           208,919,668   

Specialty Retail

     175,465,640         —          —           175,465,640   

Textiles, Apparel & Luxury Goods

     70,124,900         —          —           70,124,900   

Total Common Stocks

     3,655,340,564         350,920,208        —           4,006,260,772   
Short-Term Investments           

Mutual Fund

     78,227,038         —          —           78,227,038   

Repurchase Agreement

     —           36,388,000        —           36,388,000   

Total Short-Term Investments

     78,227,038         36,388,000        —           114,615,038   

Total Investments

   $ 3,733,567,602       $ 387,308,208      $ —         $ 4,120,875,810   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (78,227,038   $ —         $ (78,227,038

 

MSF-232


Table of Contents

Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements:

 

Debt securities (other than short term obligations with a remaining maturity of sixty days or less), including corporate, convertible and municipal bonds and notes; obligations of the U.S. treasury and U.S. government agencies; sovereign issues; floating rate loans; and non-U.S. bonds, are generally valued on the basis of evaluated or composite bid quotations obtained from independent pricing services and/or brokers and dealers selected by MetLife Advisers, LLC (“MetLife Advisers” or the “Adviser”), an affiliate of MetLife, Inc., pursuant to authorization of the Board of Trustees (the “Board” or “Trustees”) of the Metropolitan Series Fund (the “Trust”). Such quotations utilize matrix pricing, which considers observable inputs including, among other things, issuer details, maturity dates, interest rates, yield curves, rates of prepayment, credit risks/spreads, default rates, reported trades, broker dealer quotes and quoted prices for similar securities. Securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.

Mortgage and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also generally valued on the basis of evaluated or composite bid quotations obtained from independent pricing services and/or brokers and dealers selected by the Adviser pursuant to authorization of the Board. The pricing models for these securities usually consider tranche-level attributes, estimated cash flows and market-based yield spreads for each tranche and current market data, and incorporate deal collateral performance, as available. Mortgage and asset-backed securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.

Short term obligations with a remaining maturity of sixty days or less are generally valued at amortized cost, which approximates fair market value, and are generally categorized as Level 2 within the fair value hierarchy.

Domestic and foreign equity securities, such as common stock, exchange-traded funds, rights, warrants, and preferred stock, that are traded on a securities exchange, are generally valued at their last sale price on the exchange or market in which they are principally traded on the valuation date, or, if no sales occurred on that day, at the last reported bid price. Equity securities traded over-the-counter are generally valued at the last reported sale price. Valuation adjustments may be applied to certain foreign equity securities that are traded solely on foreign exchanges that close before the close of the U.S. market to account for the market movement between the close of the foreign exchanges and the close of the U.S. market. The Portfolio may use a systematic fair valuation model provided by an independent third party to value securities principally traded in these foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time of the Portfolio valuation. Foreign equity securities using these valuation adjustments are generally categorized as Level 2 within the fair value hierarchy. Equity securities that are actively traded, and have no valuation adjustments applied, are categorized as Level 1 within the fair value hierarchy. Other equity securities traded on inactive markets, or valued in reference to similar instruments traded on active markets, are generally categorized as Level 2 within the fair value hierarchy.

Investments in registered open-end management investment companies are valued at reported net asset value per share on the valuation date and are categorized as Level 1 within the fair value hierarchy.

Forward foreign currency exchange contracts are valued through an independent pricing service based on the mean between closing bid and ask prices of the forward currency rates in the London foreign exchange markets on a daily basis as provided by a reliable bank or dealer. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Options, whether on securities, indices, futures contracts, or otherwise, traded on exchanges are valued at the last sale price available as of the close of business on the valuation date or, if there is no such price available, at the mean between the last reported bid and ask prices. These types of options are categorized as Level 1 within the fair value hierarchy. Futures contracts, which are traded on commodity exchanges, are valued at their closing prices as of the close of such exchanges and are categorized as Level 1 within the fair value hierarchy.

Options and futures contracts that are traded over-the-counter are generally valued on the basis of quotations provided by broker-dealers or prices provided by pricing service providers who use a series of techniques, including simulation pricing models, to determine the value of the contracts. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, credit curves, measures of volatility and exchange rates. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Swap contracts (other than centrally cleared swaps) are marked-to-market daily based on quotations and prices supplied by market makers, broker-dealers and other pricing services. Such quotations and prices are derived utilizing significant observable data, including the underlying reference securities or indices. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange or an independent pricing service when the exchange price is not available. For centrally cleared credit default swaps the clearing facility requires its members to provide actionable price levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. These

 

MSF-233


Table of Contents

Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

 

securities are categorized as Level 2 of the fair value hierarchy. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates including the overnight index swap rate and London Interbank Offered Rate (“LIBOR”) forward rate to produce the daily settlement price. These securities are categorized as Level 2 of the fair value hierarchy

If no current market value quotation or other observable inputs are readily available or market value quotations are deemed to be unreliable for a security, the fair value of the security will be determined in accordance with procedures approved by and under the general supervision of the Board. In such a circumstance, the Board has delegated the determination of the fair value of a security to a Valuation Committee (“Committee”) of MetLife Advisers. The Committee provides general pricing oversight and fair value pricing determinations related to portfolio securities and meets on a regular basis to review reports relating to the valuation of the securities in each Portfolio. The Board has delegated to State Street Bank and Trust Company, the Trust’s custodian (“custodian”), the responsibility for calculating the net asset values (“NAVs”) of the Trust’s Portfolios. The Committee is responsible for overseeing the calculation of the NAVs of the Portfolios by the custodian. The Committee also periodically reviews pricing vendors, including the vendor providing fair value pricing for the Portfolio’s foreign securities, and is responsible for overseeing the correction of pricing errors and addressing other pricing issues that arise in the ordinary course of business, such as making real-time fair value determinations, as necessary.

No single standard for determining the fair value of a security can be set forth because fair value depends upon the facts and circumstances with respect to each security. Information relating to any relevant factors may be obtained by the Committee from any appropriate source, including the subadviser of a Portfolio, the custodian, a pricing service, market maker and/or broker for such security or the issuer. Appropriate methodologies for determining fair value under particular circumstances may include: matrix pricing, comparisons of securities with comparable characteristics, value based on multiples of earnings, discount from market price of similar marketable securities or a combination of these and other methods. The Committee maintains a detailed report tracking each fair-valued security that compares the fair value price to the next available trade, vendor or broker price, and provides information on how close the fair value price was to the next quoted price. The Committee reviews a summary of such report monthly. On a quarterly basis, the Board is provided with the following for consideration and ratification or adjustment: (1) a memorandum summarizing the actions taken by the Committee in the prior quarter; and (2) a list of the Portfolios’ securities as of the most recent quarter-end for which market quotations were not readily available.

For information regarding a Portfolio’s other significant accounting policies, please refer to the Portfolio’s most recent Semiannual or Annual Report.

 

MSF-234


Table of Contents
Item 2. Controls and Procedures.

(a) The Principal Executive Officer and Principal Financial Officer of the registrant have concluded, based on their evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing date of this report on Form N-Q, that the design and operation of such procedures provide reasonable assurance that information required to be disclosed by the registrant in this report on Form N-Q is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There has been no change in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

See attached Exhibits 3(a) and 3(b) as required by Rule 30a-2(a) under the Act.


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

METROPOLITAN SERIES FUND
By:   /s/ Elizabeth M. Forget
  Elizabeth M. Forget
  President, Chief Executive Officer and Chairman of the Boards

Date: May 29, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:   /s/ Elizabeth M. Forget
  Elizabeth M. Forget
  President, Chief Executive Officer and Chairman of the Boards

Date: May 29, 2014

By:   /s/ Peter H. Duffy
  Peter H. Duffy
  Chief Financial Officer and Treasurer

Date: May 29, 2014